FNDX vs. IWD ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Russell 1000 Value ETF (IWD)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$71.47

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	IWD
30 Days	3.09%	3.42%
60 Days	4.23%	5.20%
90 Days	6.97%	8.20%
12 Months	26.34%	22.86%

594 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in IWD	Overlap
	A	C	0.06%	0.16%	0.06%
	AA	D	0.05%	0.03%	0.03%
	AAL	D	0.0%	0.03%	0.0%
	AAP	F	0.03%	0.01%	0.01%
	ABBV	C	0.6%	0.79%	0.6%
	ABT	C	0.34%	0.82%	0.34%
	ACGL	C	0.05%	0.16%	0.05%
	ACI	F	0.02%	0.03%	0.02%
	ACM	B	0.04%	0.05%	0.04%
	ACN	C	0.34%	0.89%	0.34%
	ADI	C	0.13%	0.45%	0.13%
	ADM	D	0.22%	0.12%	0.12%
	ADP	B	0.15%	0.03%	0.03%
	AEE	C	0.07%	0.09%	0.07%
	AEP	C	0.18%	0.22%	0.18%
	AES	C	0.06%	0.05%	0.05%
	AFG	B	0.05%	0.04%	0.04%
	AFL	C	0.23%	0.25%	0.23%
	AGCO	D	0.03%	0.02%	0.02%
	AIG	D	0.28%	0.2%	0.2%
	AIZ	B	0.03%	0.04%	0.03%
	AJG	D	0.05%	0.24%	0.05%
	AKAM	D	0.03%	0.06%	0.03%
	AL	D	0.02%	0.02%	0.02%
	ALB	D	0.02%	0.04%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALK	C	0.01%	0.02%	0.01%
	ALL	B	0.29%	0.17%	0.17%
	ALLE	B	0.02%	0.05%	0.02%
	ALLY	F	0.1%	0.03%	0.03%
	ALSN	B	0.04%	0.03%	0.03%
	AMAT	D	0.25%	0.05%	0.05%
	AMCR	B	0.02%	0.06%	0.02%
	AMD	D	0.09%	0.34%	0.09%
	AME	C	0.05%	0.16%	0.05%
	AMG	C	0.03%	0.02%	0.02%
	AMGN	B	0.48%	0.16%	0.16%
	AMP	A	0.12%	0.02%	0.02%
	AN	D	0.05%	0.02%	0.02%
	ANSS	D	0.02%	0.11%	0.02%
	AON	B	0.13%	0.28%	0.13%
	AOS	D	0.03%	0.04%	0.03%
	APA	F	0.03%	0.04%	0.03%
	APD	B	0.11%	0.26%	0.11%
	APH	D	0.09%	0.13%	0.09%
	APO	C	0.03%	0.06%	0.03%
	APTV	D	0.04%	0.08%	0.04%
	AR	F	0.02%	0.03%	0.02%
	ARE	C	0.03%	0.09%	0.03%
	ARMK	B	0.03%	0.04%	0.03%
	ARW	C	0.08%	0.03%	0.03%
	ATO	B	0.04%	0.08%	0.04%
	ATR	B	0.02%	0.04%	0.02%
	AVB	B	0.06%	0.13%	0.06%
	AVT	C	0.07%	0.02%	0.02%
	AVTR	B	0.03%	0.07%	0.03%
	AVY	C	0.04%	0.04%	0.04%
	AWK	B	0.05%	0.12%	0.05%
	AXP	B	0.37%	0.37%	0.37%
	AXTA	B	0.02%	0.03%	0.02%
	AYI	B	0.04%	0.03%	0.03%
	AZO	D	0.06%	0.02%	0.02%
	BA	F	0.14%	0.31%	0.14%
	BAC	D	1.22%	1.06%	1.06%
	BALL	C	0.06%	0.08%	0.06%
	BAX	C	0.09%	0.08%	0.08%
	BBWI	F	0.02%	0.02%	0.02%
	BBY	C	0.19%	0.09%	0.09%
	BC	C	0.03%	0.02%	0.02%
	BDX	D	0.11%	0.27%	0.11%
	BEN	F	0.04%	0.02%	0.02%
	BERY	B	0.04%	0.03%	0.03%
	BG	D	0.11%	0.06%	0.06%
	BIIB	F	0.1%	0.12%	0.1%
	BJ	D	0.02%	0.04%	0.02%
	BK	B	0.26%	0.21%	0.21%
	BKNG	C	0.2%	0.03%	0.03%
	BKR	C	0.14%	0.13%	0.13%
	BLD	D	0.01%	0.05%	0.01%
	BLDR	C	0.04%	0.08%	0.04%
	BLK	B	0.26%	0.53%	0.26%
	BMY	C	0.35%	0.4%	0.35%
	BPOP	C	0.03%	0.03%	0.03%
	BR	D	0.04%	0.01%	0.01%
	BRK.A	C	2.29%	3.32%	2.29%
	BRO	C	0.03%	0.06%	0.03%
	BRX	B	0.02%	0.03%	0.02%
	BSX	B	0.09%	0.5%	0.09%
	BWA	D	0.05%	0.03%	0.03%
	BXP	B	0.05%	0.05%	0.05%
	C	C	1.04%	0.45%	0.45%
	CACI	B	0.03%	0.04%	0.03%
	CAG	C	0.07%	0.06%	0.06%
	CAH	C	0.07%	0.05%	0.05%
	CAR	F	0.02%	0.0%	0.0%
	CARR	B	0.13%	0.26%	0.13%
	CASY	D	0.05%	0.05%	0.05%
	CAT	B	0.39%	0.59%	0.39%
	CB	B	0.29%	0.47%	0.29%
	CBOE	C	0.02%	0.09%	0.02%
	CBRE	A	0.12%	0.15%	0.12%
	CC	F	0.02%	0.01%	0.01%
	CCI	C	0.11%	0.21%	0.11%
	CCK	A	0.04%	0.04%	0.04%
	CCL	C	0.05%	0.07%	0.05%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.06%	0.04%	0.04%
	CEG	C	0.1%	0.21%	0.1%
	CF	C	0.06%	0.06%	0.06%
	CFG	C	0.1%	0.07%	0.07%
	CG	D	0.03%	0.04%	0.03%
	CHD	D	0.04%	0.1%	0.04%
	CHE	C	0.01%	0.03%	0.01%
	CHK	D	0.02%	0.04%	0.02%
	CHRW	B	0.07%	0.05%	0.05%
	CHTR	D	0.32%	0.13%	0.13%
	CI	C	0.55%	0.37%	0.37%
	CIEN	C	0.03%	0.03%	0.03%
	CINF	B	0.07%	0.08%	0.07%
	CL	D	0.16%	0.16%	0.16%
	CLF	F	0.03%	0.02%	0.02%
	CMA	B	0.06%	0.03%	0.03%
	CMCSA	D	0.75%	0.62%	0.62%
	CME	C	0.08%	0.32%	0.08%
	CMI	C	0.17%	0.17%	0.17%
	CMS	C	0.06%	0.08%	0.06%
	CNC	D	0.25%	0.16%	0.16%
	CNH	D	0.03%	0.04%	0.03%
	CNP	C	0.06%	0.07%	0.06%
	CNXC	F	0.01%	0.01%	0.01%
	COF	B	0.39%	0.21%	0.21%
	COHR	C	0.01%	0.04%	0.01%
	COP	D	0.42%	0.49%	0.42%
	CPB	C	0.04%	0.04%	0.04%
	CPRI	D	0.03%	0.02%	0.02%
	CPRT	D	0.02%	0.01%	0.01%
	CPT	B	0.02%	0.05%	0.02%
	CRI	D	0.02%	0.01%	0.01%
	CRL	F	0.01%	0.04%	0.01%
	CRM	D	0.12%	0.15%	0.12%
	CSCO	C	0.73%	0.82%	0.73%
	CSL	B	0.05%	0.07%	0.05%
	CSX	D	0.21%	0.27%	0.21%
	CTAS	B	0.09%	0.01%	0.01%
	CTLT	B	0.02%	0.04%	0.02%
	CTRA	D	0.01%	0.07%	0.01%
	CTSH	C	0.18%	0.16%	0.16%
	CTVA	B	0.09%	0.16%	0.09%
	CVS	D	0.68%	0.3%	0.3%
	CVX	D	1.07%	0.98%	0.98%
	CW	B	0.03%	0.05%	0.03%
	CZR	C	0.02%	0.03%	0.02%
	D	C	0.19%	0.2%	0.19%
	DAL	C	0.02%	0.12%	0.02%
	DAR	F	0.02%	0.02%	0.02%
	DBX	D	0.01%	0.02%	0.01%
	DCI	C	0.02%	0.03%	0.02%
	DD	B	0.18%	0.14%	0.14%
	DE	B	0.22%	0.41%	0.22%
	DELL	D	0.01%	0.1%	0.01%
	DFS	B	0.21%	0.13%	0.13%
	DG	F	0.08%	0.08%	0.08%
	DGX	B	0.07%	0.07%	0.07%
	DHI	B	0.2%	0.23%	0.2%
	DHR	B	0.17%	0.74%	0.17%
	DINO	F	0.05%	0.03%	0.03%
	DIS	D	0.37%	0.67%	0.37%
	DKS	D	0.05%	0.05%	0.05%
	DLR	B	0.08%	0.21%	0.08%
	DLTR	F	0.04%	0.06%	0.04%
	DOC	C	0.04%	0.07%	0.04%
	DOV	B	0.06%	0.1%	0.06%
	DOW	D	0.2%	0.14%	0.14%
	DOX	C	0.04%	0.04%	0.04%
	DPZ	F	0.04%	0.04%	0.04%
	DRI	B	0.05%	0.04%	0.04%
	DTE	C	0.08%	0.11%	0.08%
	DUK	C	0.34%	0.37%	0.34%
	DVN	F	0.08%	0.1%	0.08%
	DXC	C	0.05%	0.02%	0.02%
	EA	D	0.08%	0.16%	0.08%
	EBAY	B	0.19%	0.13%	0.13%
	ECL	B	0.09%	0.03%	0.03%
	ED	C	0.13%	0.15%	0.13%
	EFX	B	0.04%	0.12%	0.04%
	EG	C	0.03%	0.06%	0.03%
	EHC	C	0.02%	0.04%	0.02%
	EIX	C	0.11%	0.13%	0.11%
	EL	F	0.04%	0.05%	0.04%
	ELV	C	0.5%	0.44%	0.44%
	EME	B	0.06%	0.05%	0.05%
	EMN	B	0.08%	0.05%	0.05%
	EMR	D	0.15%	0.24%	0.15%
	EOG	D	0.2%	0.28%	0.2%
	EPAM	F	0.02%	0.04%	0.02%
	EQIX	C	0.08%	0.32%	0.08%
	EQR	B	0.06%	0.12%	0.06%
	EQT	D	0.03%	0.07%	0.03%
	ES	C	0.09%	0.1%	0.09%
	ESS	B	0.04%	0.08%	0.04%
	ETN	C	0.21%	0.49%	0.21%
	ETR	B	0.11%	0.11%	0.11%
	EVR	A	0.04%	0.03%	0.03%
	EVRG	B	0.07%	0.05%	0.05%
	EW	F	0.04%	0.13%	0.04%
	EWBC	D	0.03%	0.04%	0.03%
	EXC	C	0.18%	0.16%	0.16%
	EXP	B	0.02%	0.01%	0.01%
	EXPD	C	0.02%	0.06%	0.02%
	EXR	B	0.04%	0.15%	0.04%
	F	F	0.31%	0.17%	0.17%
	FAF	B	0.04%	0.03%	0.03%
	FANG	D	0.05%	0.12%	0.05%
	FAST	C	0.07%	0.03%	0.03%
	FCNCA	D	0.02%	0.09%	0.02%
	FCX	D	0.13%	0.25%	0.13%
	FDX	C	0.32%	0.26%	0.26%
	FE	C	0.1%	0.1%	0.1%
	FFIV	B	0.03%	0.05%	0.03%
	FHN	D	0.03%	0.04%	0.03%
	FIS	B	0.13%	0.19%	0.13%
	FITB	B	0.13%	0.12%	0.12%
	FLO	C	0.02%	0.02%	0.02%
	FMC	C	0.03%	0.03%	0.03%
	FNF	B	0.07%	0.06%	0.06%
	FOXA	B	0.09%	0.04%	0.04%
	FSLR	C	0.02%	0.1%	0.02%
	FTI	D	0.02%	0.04%	0.02%
	FTNT	C	0.03%	0.04%	0.03%
	FTV	C	0.03%	0.1%	0.03%
	FYBR	C	0.04%	0.04%	0.04%
	G	C	0.02%	0.03%	0.02%
	GAP	F	0.04%	0.02%	0.02%
	GD	B	0.23%	0.34%	0.23%
	GE	B	0.18%	0.62%	0.18%
	GEHC	C	0.07%	0.14%	0.07%
	GEV	B	0.05%	0.25%	0.05%
	GGG	C	0.02%	0.06%	0.02%
	GILD	B	0.35%	0.42%	0.35%
	GIS	B	0.13%	0.17%	0.13%
	GL	C	0.03%	0.04%	0.03%
	GLPI	C	0.02%	0.05%	0.02%
	GLW	C	0.14%	0.13%	0.13%
	GM	C	0.69%	0.21%	0.21%
	GNRC	D	0.02%	0.02%	0.02%
	GNTX	F	0.03%	0.03%	0.03%
	GPC	D	0.05%	0.08%	0.05%
	GPK	B	0.03%	0.04%	0.03%
	GPN	D	0.08%	0.11%	0.08%
	GRMN	D	0.05%	0.11%	0.05%
	GS	C	0.56%	0.45%	0.45%
	GWW	B	0.07%	0.02%	0.02%
	GXO	D	0.02%	0.02%	0.02%
	HAL	F	0.06%	0.1%	0.06%
	HAS	B	0.04%	0.0%	0.0%
	HBAN	B	0.07%	0.08%	0.07%
	HCA	B	0.25%	0.23%	0.23%
	HD	B	0.78%	0.31%	0.31%
	HES	F	0.04%	0.05%	0.04%
	HIG	B	0.15%	0.14%	0.14%
	HII	D	0.04%	0.04%	0.04%
	HLT	B	0.06%	0.11%	0.06%
	HOG	C	0.02%	0.02%	0.02%
	HOLX	B	0.04%	0.08%	0.04%
	HON	D	0.34%	0.46%	0.34%
	HPE	D	0.18%	0.09%	0.09%
	HPQ	D	0.2%	0.1%	0.1%
	HRB	C	0.02%	0.03%	0.02%
	HRL	C	0.03%	0.04%	0.03%
	HSIC	C	0.04%	0.04%	0.04%
	HST	C	0.04%	0.05%	0.04%
	HSY	C	0.04%	0.1%	0.04%
	HUBB	B	0.03%	0.09%	0.03%
	HUM	F	0.21%	0.16%	0.16%
	HUN	D	0.03%	0.01%	0.01%
	HWM	B	0.06%	0.15%	0.06%
	IBM	B	0.61%	0.8%	0.61%
	ICE	C	0.13%	0.37%	0.13%
	IEX	D	0.02%	0.06%	0.02%
	IFF	B	0.06%	0.11%	0.06%
	ILMN	C	0.03%	0.08%	0.03%
	INGR	B	0.05%	0.04%	0.04%
	INTC	F	0.6%	0.34%	0.34%
	INVH	C	0.03%	0.09%	0.03%
	IP	B	0.15%	0.07%	0.07%
	IPG	C	0.04%	0.05%	0.04%
	IQV	C	0.08%	0.15%	0.08%
	IR	C	0.03%	0.15%	0.03%
	IRM	C	0.08%	0.06%	0.06%
	ITT	B	0.03%	0.04%	0.03%
	ITW	C	0.15%	0.19%	0.15%
	IVZ	B	0.04%	0.02%	0.02%
	J	C	0.05%	0.07%	0.05%
	JAZZ	D	0.01%	0.03%	0.01%
	JBHT	D	0.04%	0.06%	0.04%
	JBL	D	0.05%	0.05%	0.05%
	JCI	B	0.15%	0.2%	0.15%
	JEF	B	0.05%	0.03%	0.03%
	JHG	B	0.03%	0.02%	0.02%
	JKHY	B	0.02%	0.05%	0.02%
	JLL	B	0.09%	0.03%	0.03%
	JNJ	C	1.0%	1.62%	1.0%
	JNPR	B	0.05%	0.05%	0.05%
	JPM	D	1.94%	2.37%	1.94%
	JWN	C	0.02%	0.01%	0.01%
	K	B	0.07%	0.09%	0.07%
	KBR	D	0.02%	0.03%	0.02%
	KD	D	0.05%	0.02%	0.02%
	KDP	B	0.08%	0.16%	0.08%
	KEY	B	0.1%	0.06%	0.06%
	KEYS	C	0.03%	0.11%	0.03%
	KHC	C	0.11%	0.13%	0.11%
	KIM	C	0.03%	0.06%	0.03%
	KKR	B	0.11%	0.24%	0.11%
	KMB	D	0.11%	0.12%	0.11%
	KMI	B	0.19%	0.17%	0.17%
	KMX	D	0.07%	0.05%	0.05%
	KNX	C	0.04%	0.03%	0.03%
	KO	C	0.43%	0.48%	0.43%
	KR	C	0.3%	0.15%	0.15%
	KSS	F	0.07%	0.01%	0.01%
	KVUE	C	0.03%	0.18%	0.03%
	L	C	0.05%	0.06%	0.05%
	LAD	D	0.05%	0.03%	0.03%
	LAMR	B	0.02%	0.03%	0.02%
	LDOS	B	0.08%	0.08%	0.08%
	LEA	F	0.05%	0.02%	0.02%
	LECO	F	0.02%	0.03%	0.02%
	LEG	D	0.01%	0.01%	0.01%
	LEN	B	0.19%	0.01%	0.01%
	LEN	B	0.19%	0.18%	0.18%
	LHX	C	0.16%	0.18%	0.16%
	LIN	B	0.35%	0.91%	0.35%
	LKQ	F	0.05%	0.04%	0.04%
	LMT	C	0.4%	0.33%	0.33%
	LNC	D	0.05%	0.02%	0.02%
	LNG	C	0.05%	0.08%	0.05%
	LNT	B	0.04%	0.06%	0.04%
	LOW	B	0.42%	0.59%	0.42%
	LPX	B	0.03%	0.01%	0.01%
	LSTR	D	0.02%	0.03%	0.02%
	LUV	C	0.02%	0.07%	0.02%
	LW	D	0.01%	0.03%	0.01%
	LYB	D	0.16%	0.1%	0.1%
	M	F	0.05%	0.02%	0.02%
	MAA	B	0.04%	0.08%	0.04%
	MAN	C	0.05%	0.01%	0.01%
	MAR	C	0.08%	0.22%	0.08%
	MAS	B	0.06%	0.07%	0.06%
	MCD	B	0.34%	0.81%	0.34%
	MCHP	F	0.05%	0.17%	0.05%
	MCK	F	0.1%	0.16%	0.1%
	MDLZ	B	0.23%	0.41%	0.23%
	MDT	C	0.27%	0.48%	0.27%
	MDU	C	0.02%	0.02%	0.02%
	MET	B	0.26%	0.18%	0.18%
	MGM	F	0.05%	0.04%	0.04%
	MHK	C	0.07%	0.03%	0.03%
	MIDD	D	0.02%	0.03%	0.02%
	MKC	C	0.04%	0.09%	0.04%
	MKL	C	0.04%	0.06%	0.04%
	MKSI	F	0.02%	0.03%	0.02%
	MLM	D	0.04%	0.12%	0.04%
	MMC	C	0.15%	0.4%	0.15%
	MMM	B	0.4%	0.24%	0.24%
	MNST	D	0.04%	0.03%	0.03%
	MO	C	0.39%	0.37%	0.37%
	MOH	D	0.05%	0.03%	0.03%
	MOS	F	0.05%	0.03%	0.03%
	MPC	F	0.41%	0.23%	0.23%
	MPW	C	0.02%	0.02%	0.02%
	MRNA	F	0.04%	0.09%	0.04%
	MRO	C	0.08%	0.06%	0.06%
	MRVL	C	0.04%	0.24%	0.04%
	MS	D	0.35%	0.43%	0.35%
	MSCI	C	0.03%	0.07%	0.03%
	MSI	B	0.06%	0.15%	0.06%
	MSM	D	0.01%	0.01%	0.01%
	MTB	B	0.09%	0.11%	0.09%
	MTD	D	0.04%	0.12%	0.04%
	MTG	B	0.03%	0.03%	0.03%
	MTN	D	0.01%	0.0%	0.0%
	MTZ	B	0.03%	0.03%	0.03%
	MU	F	0.35%	0.41%	0.35%
	NDAQ	A	0.03%	0.12%	0.03%
	NDSN	C	0.02%	0.06%	0.02%
	NEE	C	0.29%	0.7%	0.29%
	NEM	B	0.19%	0.25%	0.19%
	NFG	B	0.02%	0.02%	0.02%
	NI	B	0.05%	0.06%	0.05%
	NKE	D	0.18%	0.15%	0.15%
	NOC	B	0.21%	0.29%	0.21%
	NOV	F	0.02%	0.03%	0.02%
	NRG	C	0.11%	0.04%	0.04%
	NSC	C	0.21%	0.22%	0.21%
	NTAP	D	0.08%	0.05%	0.05%
	NTRS	A	0.07%	0.07%	0.07%
	NUE	F	0.18%	0.14%	0.14%
	NVR	B	0.08%	0.11%	0.08%
	NVT	D	0.02%	0.04%	0.02%
	NWL	C	0.03%	0.01%	0.01%
	NWSA	D	0.04%	0.04%	0.04%
	NXST	D	0.03%	0.01%	0.01%
	O	C	0.04%	0.22%	0.04%
	OC	D	0.06%	0.06%	0.06%
	OGE	C	0.03%	0.03%	0.03%
	OGN	D	0.07%	0.02%	0.02%
	OKE	B	0.13%	0.22%	0.13%
	OLN	D	0.03%	0.02%	0.02%
	OMC	B	0.08%	0.08%	0.08%
	OMF	D	0.05%	0.02%	0.02%
	ON	D	0.04%	0.12%	0.04%
	ORI	B	0.05%	0.04%	0.04%
	ORLY	C	0.1%	0.02%	0.02%
	OSK	F	0.03%	0.03%	0.03%
	OTIS	C	0.05%	0.15%	0.05%
	OVV	F	0.04%	0.04%	0.04%
	OXY	F	0.11%	0.14%	0.11%
	PAG	D	0.02%	0.01%	0.01%
	PARA	F	0.09%	0.03%	0.03%
	PAYX	C	0.06%	0.11%	0.06%
	PCAR	D	0.13%	0.2%	0.13%
	PCG	C	0.03%	0.17%	0.03%
	PEG	B	0.11%	0.17%	0.11%
	PENN	D	0.02%	0.01%	0.01%
	PEP	C	0.45%	0.21%	0.21%
	PFE	C	0.75%	0.67%	0.67%
	PFG	B	0.08%	0.08%	0.08%
	PFGC	B	0.05%	0.04%	0.04%
	PG	C	0.84%	1.29%	0.84%
	PGR	B	0.26%	0.1%	0.1%
	PH	B	0.12%	0.31%	0.12%
	PHM	B	0.13%	0.12%	0.12%
	PII	D	0.02%	0.02%	0.02%
	PK	D	0.02%	0.01%	0.01%
	PKG	B	0.07%	0.08%	0.07%
	PLD	C	0.08%	0.49%	0.08%
	PM	C	0.51%	0.79%	0.51%
	PNC	B	0.29%	0.29%	0.29%
	PNR	B	0.04%	0.06%	0.04%
	PNW	C	0.04%	0.04%	0.04%
	POST	C	0.02%	0.02%	0.02%
	PPG	D	0.08%	0.12%	0.08%
	PPL	C	0.11%	0.1%	0.1%
	PRGO	D	0.02%	0.02%	0.02%
	PRI	B	0.02%	0.04%	0.02%
	PRU	C	0.23%	0.17%	0.17%
	PSA	B	0.06%	0.19%	0.06%
	PSX	F	0.36%	0.22%	0.22%
	PVH	F	0.04%	0.02%	0.02%
	PWR	B	0.06%	0.11%	0.06%
	PYPL	B	0.19%	0.3%	0.19%
	QCOM	D	0.47%	0.05%	0.05%
	QRVO	F	0.05%	0.04%	0.04%
	R	A	0.06%	0.02%	0.02%
	REG	C	0.03%	0.06%	0.03%
	REGN	C	0.16%	0.45%	0.16%
	RF	B	0.08%	0.08%	0.08%
	RGA	C	0.04%	0.06%	0.04%
	RHI	D	0.03%	0.03%	0.03%
	RJF	C	0.04%	0.09%	0.04%
	RL	C	0.03%	0.03%	0.03%
	RMD	C	0.04%	0.11%	0.04%
	ROK	D	0.05%	0.11%	0.05%
	ROP	C	0.05%	0.24%	0.05%
	ROST	C	0.08%	0.16%	0.08%
	RPM	B	0.04%	0.05%	0.04%
	RRX	C	0.03%	0.04%	0.03%
	RS	D	0.08%	0.06%	0.06%
	RSG	D	0.07%	0.17%	0.07%
	RTX	C	0.37%	0.64%	0.37%
	SAIC	C	0.03%	0.03%	0.03%
	SBAC	C	0.02%	0.11%	0.02%
	SBUX	C	0.27%	0.1%	0.1%
	SCHW	D	0.1%	0.34%	0.1%
	SCI	B	0.03%	0.05%	0.03%
	SEE	D	0.02%	0.01%	0.01%
	SEIC	C	0.02%	0.03%	0.02%
	SHW	B	0.09%	0.03%	0.03%
	SIRI	C	0.05%	0.02%	0.02%
	SJM	C	0.06%	0.05%	0.05%
	SKX	D	0.03%	0.03%	0.03%
	SLB	F	0.11%	0.23%	0.11%
	SLM	D	0.04%	0.02%	0.02%
	SNA	C	0.04%	0.06%	0.04%
	SNV	C	0.02%	0.03%	0.02%
	SNX	D	0.02%	0.03%	0.02%
	SO	B	0.29%	0.4%	0.29%
	SOLV	C	0.04%	0.04%	0.04%
	SON	C	0.03%	0.02%	0.02%
	SPG	B	0.11%	0.16%	0.11%
	SPGI	B	0.15%	0.66%	0.15%
	SQ	D	0.02%	0.08%	0.02%
	SRE	C	0.12%	0.21%	0.12%
	SSNC	B	0.04%	0.07%	0.04%
	ST	D	0.02%	0.02%	0.02%
	STE	C	0.03%	0.1%	0.03%
	STLD	F	0.09%	0.07%	0.07%
	STT	A	0.09%	0.1%	0.09%
	STWD	B	0.02%	0.03%	0.02%
	STZ	D	0.08%	0.16%	0.08%
	SUI	B	0.03%	0.07%	0.03%
	SW	B	0.11%	0.05%	0.05%
	SWK	B	0.08%	0.06%	0.06%
	SWKS	D	0.05%	0.07%	0.05%
	SWN	D	0.03%	0.03%	0.03%
	SYF	C	0.27%	0.08%	0.08%
	SYK	C	0.13%	0.38%	0.13%
	SYY	D	0.1%	0.06%	0.06%
	T	C	1.37%	0.63%	0.63%
	TAP	D	0.05%	0.04%	0.04%
	TDG	B	0.08%	0.24%	0.08%
	TDY	B	0.02%	0.08%	0.02%
	TER	D	0.05%	0.01%	0.01%
	TFC	C	0.22%	0.23%	0.22%
	TFX	C	0.02%	0.05%	0.02%
	TGT	C	0.37%	0.28%	0.28%
	THC	A	0.08%	0.06%	0.06%
	THG	B	0.02%	0.02%	0.02%
	THO	D	0.04%	0.02%	0.02%
	TJX	B	0.24%	0.22%	0.22%
	TKR	D	0.02%	0.02%	0.02%
	TMO	B	0.29%	0.95%	0.29%
	TMUS	C	0.24%	0.4%	0.24%
	TNL	D	0.01%	0.01%	0.01%
	TOL	B	0.06%	0.06%	0.06%
	TPR	C	0.04%	0.04%	0.04%
	TRMB	C	0.03%	0.06%	0.03%
	TROW	D	0.11%	0.09%	0.09%
	TRU	B	0.03%	0.07%	0.03%
	TRV	C	0.3%	0.22%	0.22%
	TSN	C	0.2%	0.07%	0.07%
	TT	B	0.09%	0.22%	0.09%
	TTC	D	0.02%	0.04%	0.02%
	TTWO	C	0.02%	0.1%	0.02%
	TXN	C	0.34%	0.65%	0.34%
	TXT	D	0.06%	0.07%	0.06%
	UDR	C	0.03%	0.06%	0.03%
	UGI	C	0.04%	0.02%	0.02%
	UHAL	A	0.02%	0.02%	0.02%
	UHAL	A	0.02%	0.0%	0.0%
	UHS	B	0.1%	0.05%	0.05%
	ULTA	D	0.03%	0.01%	0.01%
	UNH	C	1.25%	2.06%	1.25%
	UNM	B	0.05%	0.04%	0.04%
	UNP	C	0.4%	0.32%	0.32%
	UPS	D	0.25%	0.38%	0.25%
	URI	B	0.12%	0.15%	0.12%
	USB	B	0.3%	0.28%	0.28%
	USFD	B	0.07%	0.06%	0.06%
	VAC	F	0.01%	0.01%	0.01%
	VFC	C	0.06%	0.03%	0.03%
	VICI	C	0.02%	0.14%	0.02%
	VLO	F	0.38%	0.18%	0.18%
	VMC	D	0.04%	0.09%	0.04%
	VNO	B	0.05%	0.03%	0.03%
	VOYA	B	0.03%	0.03%	0.03%
	VRSN	D	0.01%	0.06%	0.01%
	VRTX	D	0.08%	0.25%	0.08%
	VTR	C	0.09%	0.11%	0.09%
	VTRS	D	0.1%	0.06%	0.06%
	VZ	B	1.32%	0.76%	0.76%
	WAB	B	0.06%	0.12%	0.06%
	WAT	C	0.04%	0.03%	0.03%
	WBA	F	0.14%	0.03%	0.03%
	WBD	D	0.06%	0.08%	0.06%
	WCC	D	0.03%	0.03%	0.03%
	WDC	D	0.13%	0.09%	0.09%
	WEC	C	0.08%	0.12%	0.08%
	WELL	C	0.11%	0.31%	0.11%
	WFC	D	1.06%	0.75%	0.75%
	WHR	D	0.06%	0.02%	0.02%
	WLK	D	0.02%	0.02%	0.02%
	WMB	B	0.15%	0.22%	0.15%
	WMT	C	1.51%	1.42%	1.42%
	WPC	C	0.02%	0.06%	0.02%
	WRB	C	0.04%	0.07%	0.04%
	WSM	D	0.05%	0.03%	0.03%
	WSO	C	0.03%	0.07%	0.03%
	WST	D	0.02%	0.03%	0.02%
	WTRG	D	0.01%	0.04%	0.01%
	WTW	C	0.07%	0.12%	0.07%
	WU	F	0.04%	0.01%	0.01%
	WY	C	0.09%	0.1%	0.09%
	X	F	0.07%	0.03%	0.03%
	XEL	B	0.12%	0.14%	0.12%
	XOM	C	1.92%	2.02%	1.92%
	XRAY	D	0.02%	0.02%	0.02%
	XYL	C	0.04%	0.13%	0.04%
	YUM	D	0.08%	0.09%	0.08%
	ZBH	F	0.05%	0.09%	0.05%
	ZBRA	B	0.04%	0.05%	0.04%
	ZION	D	0.05%	0.03%	0.03%
	ZTS	C	0.08%	0.06%	0.06%

FNDX Overweight 126 Positions Relative to IWD

	Symbol	Grade	Weight
	AAPL	C	4.51%
	MSFT	C	2.54%
	META	B	1.85%
	AMZN	C	1.42%
	GOOGL	D	1.22%
	GOOG	D	1.06%
	COST	B	0.73%
	AVGO	C	0.68%
	LUMN	C	0.57%
	MRK	D	0.51%
	ORCL	C	0.47%
	NVDA	D	0.38%
	V	C	0.35%
	MA	B	0.28%
	LLY	C	0.27%
	ADBE	F	0.22%
	TSLA	C	0.19%
	LRCX	F	0.16%
	NFLX	B	0.15%
	WM	D	0.15%
	AMT	C	0.14%
	INTU	C	0.11%
	TEL	D	0.11%
	BX	B	0.11%
	VST	C	0.11%
	KLAC	D	0.1%
	STX	C	0.1%
	ISRG	B	0.09%
	NXPI	F	0.08%
	MCO	B	0.08%
	DVA	B	0.07%
	TSCO	C	0.06%
	TRGP	B	0.06%
	EQH	C	0.05%
	GPI	B	0.05%
	SFM	B	0.05%
	ODFL	D	0.05%
	MUSA	D	0.05%
	CPAY	B	0.05%
	FLEX	C	0.05%
	MTH	A	0.04%
	ANET	B	0.04%
	UBER	C	0.04%
	CNO	B	0.04%
	BAH	C	0.04%
	CMG	C	0.04%
	BAP	B	0.04%
	TMHC	A	0.04%
	JXN	A	0.04%
	CLX	C	0.04%
	VRSK	D	0.04%
	ZIM	C	0.04%
	TDS	C	0.04%
	IDXX	C	0.03%
	GDDY	C	0.03%
	FLR	D	0.03%
	LPLA	D	0.03%
	CMC	D	0.03%
	AER	B	0.03%
	PBF	F	0.03%
	EXPE	C	0.03%
	GT	F	0.03%
	CRBG	D	0.03%
	SNPS	D	0.03%
	CHKP	B	0.03%
	MLI	A	0.03%
	SLG	B	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	ADSK	C	0.03%
	CDNS	D	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	KBH	A	0.03%
	SANM	D	0.03%
	DECK	C	0.03%
	PANW	D	0.03%
	CCEP	B	0.03%
	BURL	B	0.03%
	HBI	B	0.03%
	IT	B	0.03%
	BCC	B	0.03%
	UFPI	C	0.03%
	FL	D	0.03%
	OI	D	0.02%
	UNFI	C	0.02%
	CNX	B	0.02%
	BECN	D	0.02%
	SM	F	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	LULU	D	0.02%
	REZI	D	0.02%
	TGNA	D	0.02%
	CYH	B	0.02%
	HUBG	C	0.02%
	TPX	C	0.02%
	POR	C	0.02%
	ASGN	D	0.02%
	MUR	F	0.02%
	RUSHA	C	0.02%
	ASO	C	0.02%
	XRX	D	0.02%
	BTU	D	0.02%
	POOL	C	0.02%
	NAVI	C	0.02%
	QRTEA	F	0.02%
	ABG	D	0.02%
	ABM	D	0.02%
	NSIT	D	0.02%
	ALV	F	0.02%
	HTZ	F	0.01%
	MATX	B	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	MMS	C	0.01%
	AEO	F	0.01%
	ADNT	F	0.01%
	LILAK	D	0.01%
	DAN	F	0.01%
	ODP	F	0.01%
	SPTN	C	0.01%
	NOW	B	0.01%
	BIG	F	0.0%

FNDX Underweight 269 Positions Relative to IWD

	Symbol	Grade	Weight
	FI	A	-0.28%
	CRH	B	-0.24%
	FERG	D	-0.15%
	CSGP	D	-0.13%
	RCL	B	-0.11%
	COO	B	-0.09%
	LH	C	-0.08%
	MSTR	D	-0.08%
	UAL	C	-0.07%
	ZM	C	-0.07%
	AMH	C	-0.06%
	ELS	C	-0.06%
	HOOD	C	-0.06%
	UTHR	C	-0.06%
	GEN	B	-0.06%
	VLTO	C	-0.06%
	RVTY	B	-0.06%
	BMRN	F	-0.06%
	TECH	C	-0.05%
	CUBE	B	-0.05%
	CLH	A	-0.05%
	IBKR	B	-0.05%
	RNR	C	-0.05%
	NYT	C	-0.04%
	WAL	B	-0.04%
	NNN	C	-0.04%
	EGP	B	-0.04%
	MTCH	C	-0.04%
	Z	B	-0.04%
	RGLD	C	-0.04%
	MKTX	C	-0.04%
	FRT	C	-0.04%
	TTEK	C	-0.04%
	CVNA	B	-0.04%
	WWD	D	-0.04%
	FWONK	C	-0.04%
	OHI	B	-0.04%
	AFRM	C	-0.04%
	NLY	B	-0.04%
	NTNX	C	-0.04%
	FBIN	B	-0.04%
	RPRX	C	-0.04%
	REXR	C	-0.04%
	FDS	C	-0.04%
	INCY	C	-0.04%
	RIVN	F	-0.04%
	CROX	D	-0.03%
	CGNX	F	-0.03%
	BIO	C	-0.03%
	OKTA	F	-0.03%
	CART	A	-0.03%
	MAT	C	-0.03%
	MSA	D	-0.03%
	CFR	C	-0.03%
	PB	B	-0.03%
	PR	F	-0.03%
	RGEN	F	-0.03%
	SOFI	C	-0.03%
	WTFC	B	-0.03%
	RRC	D	-0.03%
	BFAM	C	-0.03%
	FICO	B	-0.03%
	SSD	D	-0.03%
	KEX	C	-0.03%
	ACHC	C	-0.03%
	HR	C	-0.03%
	BWXT	D	-0.03%
	CRUS	D	-0.03%
	ELAN	D	-0.03%
	EXAS	C	-0.03%
	STAG	C	-0.03%
	AGNC	B	-0.03%
	ONTO	D	-0.03%
	PNFP	B	-0.03%
	HLI	B	-0.03%
	WYNN	D	-0.03%
	FR	B	-0.03%
	DTM	B	-0.03%
	CR	C	-0.03%
	CBSH	C	-0.03%
	WEX	C	-0.03%
	FND	C	-0.03%
	ADC	C	-0.03%
	BRBR	C	-0.03%
	ATI	C	-0.03%
	COKE	C	-0.03%
	GWRE	A	-0.03%
	WBS	D	-0.03%
	FCN	D	-0.03%
	GMED	D	-0.03%
	DAY	D	-0.03%
	APG	D	-0.03%
	TKO	B	-0.03%
	ROKU	C	-0.03%
	PTC	D	-0.03%
	RBC	C	-0.03%
	COLD	D	-0.03%
	CHRD	F	-0.03%
	TW	B	-0.03%
	TWLO	D	-0.03%
	SF	A	-0.03%
	LITE	B	-0.02%
	COTY	F	-0.02%
	ALNY	C	-0.02%
	NEU	D	-0.02%
	CIVI	F	-0.02%
	RH	B	-0.02%
	IAC	C	-0.02%
	SITE	C	-0.02%
	BILL	D	-0.02%
	GFS	F	-0.02%
	ROIV	C	-0.02%
	DLB	D	-0.02%
	BYD	C	-0.02%
	KRC	B	-0.02%
	ASH	D	-0.02%
	DOCS	B	-0.02%
	EEFT	D	-0.02%
	AGO	C	-0.02%
	S	C	-0.02%
	W	D	-0.02%
	WTM	D	-0.02%
	OZK	D	-0.02%
	SLGN	B	-0.02%
	FRPT	B	-0.02%
	CUZ	B	-0.02%
	PSN	B	-0.02%
	RYN	C	-0.02%
	SAIA	D	-0.02%
	OLED	C	-0.02%
	CCCS	D	-0.02%
	FOX	B	-0.02%
	HXL	F	-0.02%
	FNB	C	-0.02%
	LBRDK	F	-0.02%
	WSC	D	-0.02%
	VNT	F	-0.02%
	COLB	B	-0.02%
	IDA	C	-0.02%
	COIN	F	-0.02%
	MTDR	F	-0.02%
	H	C	-0.02%
	VMI	D	-0.02%
	SN	B	-0.02%
	GME	F	-0.02%
	ESAB	C	-0.02%
	WH	B	-0.02%
	MTSI	D	-0.02%
	SRCL	A	-0.02%
	ESI	D	-0.02%
	DASH	C	-0.02%
	RITM	B	-0.02%
	OLLI	C	-0.02%
	RLI	B	-0.02%
	AZPN	B	-0.02%
	WMS	D	-0.02%
	LFUS	C	-0.02%
	FLS	D	-0.02%
	AXS	B	-0.02%
	EXEL	C	-0.01%
	LYFT	D	-0.01%
	SNDR	B	-0.01%
	CERT	F	-0.01%
	TRIP	F	-0.01%
	PPC	D	-0.01%
	WEN	C	-0.01%
	UAA	C	-0.01%
	UA	D	-0.01%
	INFA	D	-0.01%
	ALGM	F	-0.01%
	GO	F	-0.01%
	FTRE	D	-0.01%
	AS	C	-0.01%
	MP	D	-0.01%
	PSTG	F	-0.01%
	BIRK	F	-0.01%
	AZEK	C	-0.01%
	BROS	D	-0.01%
	IPGP	F	-0.01%
	HAYW	C	-0.01%
	SAM	F	-0.01%
	REYN	C	-0.01%
	VSTS	D	-0.01%
	ADT	C	-0.01%
	LLYVK	B	-0.01%
	GLOB	D	-0.01%
	QS	F	-0.01%
	ETSY	F	-0.01%
	MASI	F	-0.01%
	CNM	F	-0.01%
	YETI	D	-0.01%
	BOKF	B	-0.01%
	HHH	C	-0.01%
	CWEN	C	-0.01%
	RCM	C	-0.01%
	ENOV	D	-0.01%
	BRKR	D	-0.01%
	SHC	C	-0.01%
	AGR	B	-0.01%
	BHF	F	-0.01%
	PINC	C	-0.01%
	AZTA	F	-0.01%
	QDEL	D	-0.01%
	CLVT	D	-0.01%
	ZG	B	-0.01%
	SPB	C	-0.01%
	COLM	C	-0.01%
	VNOM	C	-0.01%
	RKT	C	-0.01%
	LOPE	D	-0.01%
	CXT	D	-0.01%
	VIRT	C	-0.01%
	IRDM	D	-0.01%
	SMG	C	-0.01%
	FHB	D	-0.01%
	AM	C	-0.01%
	AMED	C	-0.01%
	NWS	D	-0.01%
	PAYC	D	-0.01%
	PLNT	B	-0.01%
	U	D	-0.01%
	ZI	D	-0.01%
	LBTYA	B	-0.01%
	SPR	D	-0.01%
	NSA	B	-0.01%
	HIW	B	-0.01%
	NVST	D	-0.01%
	AMKR	F	-0.01%
	LCID	C	-0.01%
	GTES	C	-0.01%
	MSGS	B	-0.01%
	LBTYK	B	-0.01%
	DNB	C	-0.01%
	TPG	B	-0.01%
	KMPR	D	-0.01%
	EPR	B	-0.01%
	AWI	B	-0.01%
	TYL	C	-0.01%
	SEG	C	-0.0%
	LOAR	C	-0.0%
	PARAA	D	-0.0%
	UWMC	D	-0.0%
	LAZ	B	-0.0%
	NFE	F	-0.0%
	GRAL	F	-0.0%
	DJT	F	-0.0%
	IONS	F	-0.0%
	UI	B	-0.0%
	PLTK	C	-0.0%
	CHH	C	-0.0%
	CACC	F	-0.0%
	PATH	D	-0.0%
	HCP	B	-0.0%
	TFSL	C	-0.0%
	TXG	D	-0.0%
	LSCC	D	-0.0%
	SEB	D	-0.0%
	LBRDA	F	-0.0%
	LLYVA	B	-0.0%
	PYCR	D	-0.0%
	ALAB	D	-0.0%
	NCNO	D	-0.0%
	CWEN	C	-0.0%
	FWONA	C	-0.0%
	FIVE	D	-0.0%
	DDS	F	-0.0%
	WOLF	F	-0.0%
	DV	F	-0.0%
	CNA	C	-0.0%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric Oil & Gas E&P Business Services Specialty Retail Banks - Regional - US Information Technology Services Semiconductors Software - Application Specialty Chemicals Packaged Foods Packaging & Containers Credit Services Diagnostics & Research Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Electricity Chemical Electronics Mining Aerospace Bank Dow Jones Component Banking Telecommunications Real Estate Investment Trust Semiconductor Transport Insurance Products Medicine Retailing

IWD: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Software - Application Utilities - Regulated Electric Oil & Gas E&P Semiconductors Asset Management Diagnostics & Research Biotechnology Business Services Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Real Estate Investment Trust Bank Electronics Banking Computing Chemical Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Medicine Beverage Biotechnology Dow Jones Component