FNDX vs. JPME ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

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

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$109.93

Average Daily Volume

10,028

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	JPME
30 Days	3.67%	5.14%
60 Days	4.58%	5.14%
90 Days	6.53%	7.46%
12 Months	29.67%	30.14%

256 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in JPME	Overlap
	A	D	0.05%	0.29%	0.05%
	ACGL	D	0.03%	0.1%	0.03%
	ACI	C	0.03%	0.3%	0.03%
	ADM	D	0.21%	0.29%	0.21%
	AEE	A	0.07%	0.02%	0.02%
	AFG	A	0.05%	0.19%	0.05%
	AFL	B	0.21%	0.38%	0.21%
	AJG	B	0.05%	0.37%	0.05%
	AKAM	D	0.03%	0.12%	0.03%
	ALLY	C	0.1%	0.11%	0.1%
	ALSN	B	0.05%	0.51%	0.05%
	AME	A	0.05%	0.39%	0.05%
	AMP	A	0.15%	0.48%	0.15%
	AN	C	0.05%	0.32%	0.05%
	ANSS	B	0.02%	0.34%	0.02%
	AOS	F	0.02%	0.28%	0.02%
	APA	D	0.03%	0.14%	0.03%
	AR	B	0.03%	0.3%	0.03%
	ATO	A	0.04%	0.42%	0.04%
	ATR	B	0.02%	0.01%	0.01%
	AVB	B	0.05%	0.38%	0.05%
	AVT	C	0.07%	0.14%	0.07%
	AVY	D	0.04%	0.3%	0.04%
	AYI	B	0.04%	0.09%	0.04%
	BAH	F	0.03%	0.14%	0.03%
	BBY	D	0.16%	0.29%	0.16%
	BG	F	0.1%	0.33%	0.1%
	BIIB	F	0.09%	0.04%	0.04%
	BKR	B	0.16%	0.18%	0.16%
	BLDR	D	0.06%	0.34%	0.06%
	BPOP	B	0.02%	0.3%	0.02%
	BRO	B	0.02%	0.17%	0.02%
	BRX	A	0.02%	0.4%	0.02%
	BWA	D	0.05%	0.13%	0.05%
	CACI	D	0.03%	0.4%	0.03%
	CAG	D	0.06%	0.31%	0.06%
	CAH	B	0.07%	0.4%	0.07%
	CASY	A	0.05%	0.41%	0.05%
	CBOE	B	0.01%	0.35%	0.01%
	CBRE	B	0.13%	0.44%	0.13%
	CC	C	0.02%	0.0%	0.0%
	CDW	F	0.04%	0.26%	0.04%
	CE	F	0.03%	0.19%	0.03%
	CF	B	0.07%	0.41%	0.07%
	CFG	B	0.1%	0.11%	0.1%
	CHD	B	0.04%	0.33%	0.04%
	CHE	D	0.01%	0.33%	0.01%
	CHTR	C	0.35%	0.39%	0.35%
	CIEN	B	0.03%	0.51%	0.03%
	CLF	F	0.03%	0.28%	0.03%
	CLX	B	0.04%	0.35%	0.04%
	CMA	A	0.07%	0.07%	0.07%
	CMI	A	0.19%	0.47%	0.19%
	CMS	C	0.06%	0.37%	0.06%
	CNC	D	0.19%	0.25%	0.19%
	CNXC	F	0.01%	0.06%	0.01%
	COR	B	0.02%	0.39%	0.02%
	CPB	D	0.03%	0.32%	0.03%
	CPT	B	0.02%	0.2%	0.02%
	CRI	D	0.01%	0.04%	0.01%
	CSL	C	0.05%	0.42%	0.05%
	CTRA	B	0.03%	0.33%	0.03%
	CTVA	C	0.09%	0.3%	0.09%
	DECK	A	0.03%	0.38%	0.03%
	DFS	B	0.26%	0.14%	0.14%
	DGX	A	0.07%	0.39%	0.07%
	DHI	D	0.16%	0.33%	0.16%
	DINO	D	0.05%	0.35%	0.05%
	DKS	C	0.04%	0.36%	0.04%
	DOX	D	0.04%	0.3%	0.04%
	DRI	B	0.05%	0.26%	0.05%
	DTE	C	0.07%	0.37%	0.07%
	DVA	B	0.06%	0.38%	0.06%
	DVN	F	0.09%	0.27%	0.09%
	ED	D	0.12%	0.35%	0.12%
	EG	C	0.02%	0.31%	0.02%
	EHC	B	0.02%	0.42%	0.02%
	EIX	B	0.1%	0.36%	0.1%
	EME	C	0.06%	0.38%	0.06%
	EMN	D	0.08%	0.39%	0.08%
	EQR	B	0.05%	0.29%	0.05%
	ESS	B	0.03%	0.31%	0.03%
	ETR	B	0.12%	0.45%	0.12%
	EVRG	A	0.07%	0.4%	0.07%
	EXC	C	0.17%	0.28%	0.17%
	EXP	A	0.03%	0.21%	0.03%
	EXPD	D	0.04%	0.22%	0.04%
	FANG	D	0.05%	0.38%	0.05%
	FAST	B	0.07%	0.41%	0.07%
	FBIN	D	0.04%	0.32%	0.04%
	FCNCA	A	0.02%	0.43%	0.02%
	FE	C	0.09%	0.35%	0.09%
	FITB	A	0.13%	0.19%	0.13%
	FLO	D	0.02%	0.26%	0.02%
	FMC	D	0.03%	0.21%	0.03%
	FNF	B	0.06%	0.18%	0.06%
	FYBR	D	0.04%	0.37%	0.04%
	GEHC	F	0.09%	0.07%	0.07%
	GEN	B	0.04%	0.33%	0.04%
	GGG	B	0.02%	0.35%	0.02%
	GIS	D	0.11%	0.32%	0.11%
	GLPI	C	0.02%	0.36%	0.02%
	GLW	B	0.14%	0.18%	0.14%
	GNTX	C	0.03%	0.3%	0.03%
	GRMN	B	0.03%	0.44%	0.03%
	GWW	B	0.08%	0.43%	0.08%
	HAL	C	0.06%	0.25%	0.06%
	HBAN	A	0.08%	0.41%	0.08%
	HIG	B	0.14%	0.38%	0.14%
	HOG	D	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.32%	0.04%
	HPE	B	0.21%	0.34%	0.21%
	HPQ	B	0.21%	0.3%	0.21%
	HRB	D	0.01%	0.33%	0.01%
	HRL	D	0.03%	0.26%	0.03%
	HSIC	B	0.04%	0.29%	0.04%
	HST	C	0.04%	0.32%	0.04%
	HSY	F	0.04%	0.21%	0.04%
	HUBB	B	0.03%	0.43%	0.03%
	HUN	F	0.03%	0.22%	0.03%
	IEX	B	0.03%	0.05%	0.03%
	IFF	D	0.05%	0.29%	0.05%
	INGR	B	0.05%	0.42%	0.05%
	IP	B	0.17%	0.45%	0.17%
	IPG	D	0.04%	0.03%	0.03%
	IQV	D	0.07%	0.28%	0.07%
	IRM	D	0.06%	0.39%	0.06%
	IT	C	0.03%	0.38%	0.03%
	ITT	A	0.03%	0.17%	0.03%
	JAZZ	B	0.01%	0.26%	0.01%
	JBL	B	0.06%	0.32%	0.06%
	JEF	A	0.06%	0.49%	0.06%
	JLL	D	0.08%	0.38%	0.08%
	JNPR	F	0.05%	0.38%	0.05%
	K	A	0.07%	0.38%	0.07%
	KEY	B	0.1%	0.1%	0.1%
	KEYS	A	0.04%	0.17%	0.04%
	KIM	A	0.03%	0.36%	0.03%
	KMI	A	0.23%	0.48%	0.23%
	KR	B	0.3%	0.42%	0.3%
	KSS	F	0.06%	0.01%	0.01%
	KVUE	A	0.05%	0.33%	0.05%
	L	A	0.05%	0.25%	0.05%
	LAMR	D	0.02%	0.39%	0.02%
	LDOS	C	0.07%	0.41%	0.07%
	LECO	B	0.02%	0.3%	0.02%
	LEN	D	0.16%	0.36%	0.16%
	LH	C	0.09%	0.32%	0.09%
	LNG	B	0.06%	0.44%	0.06%
	LNT	A	0.04%	0.38%	0.04%
	LPX	B	0.04%	0.27%	0.04%
	LSTR	D	0.03%	0.3%	0.03%
	LYB	F	0.14%	0.31%	0.14%
	M	D	0.06%	0.14%	0.06%
	MAA	B	0.03%	0.25%	0.03%
	MAS	D	0.05%	0.31%	0.05%
	MCHP	D	0.05%	0.21%	0.05%
	MGM	D	0.06%	0.23%	0.06%
	MKC	D	0.03%	0.28%	0.03%
	MOH	F	0.05%	0.29%	0.05%
	MOS	F	0.06%	0.29%	0.06%
	MRO	B	0.09%	0.41%	0.09%
	MSM	C	0.01%	0.33%	0.01%
	MTB	A	0.11%	0.31%	0.11%
	MTG	C	0.02%	0.37%	0.02%
	NDSN	B	0.02%	0.06%	0.02%
	NFG	A	0.02%	0.36%	0.02%
	NI	A	0.05%	0.41%	0.05%
	NRG	B	0.1%	0.45%	0.1%
	NTAP	C	0.07%	0.34%	0.07%
	NUE	C	0.19%	0.31%	0.19%
	NVR	D	0.08%	0.37%	0.08%
	NVT	B	0.02%	0.18%	0.02%
	NXST	C	0.03%	0.36%	0.03%
	OC	A	0.07%	0.41%	0.07%
	OGE	B	0.03%	0.4%	0.03%
	OKE	A	0.14%	0.45%	0.14%
	OLN	D	0.03%	0.28%	0.03%
	OMC	C	0.08%	0.28%	0.08%
	OMF	A	0.06%	0.45%	0.06%
	ON	D	0.04%	0.24%	0.04%
	ORI	A	0.05%	0.4%	0.05%
	OVV	B	0.06%	0.27%	0.06%
	PAG	B	0.02%	0.35%	0.02%
	PAYX	C	0.06%	0.27%	0.06%
	PCG	A	0.03%	0.39%	0.03%
	PEG	A	0.11%	0.41%	0.11%
	PFG	D	0.09%	0.05%	0.05%
	PFGC	B	0.06%	0.4%	0.06%
	PHM	D	0.11%	0.37%	0.11%
	PK	B	0.02%	0.33%	0.02%
	PKG	A	0.07%	0.41%	0.07%
	PNW	B	0.04%	0.39%	0.04%
	POOL	C	0.02%	0.13%	0.02%
	POST	C	0.02%	0.35%	0.02%
	PPL	B	0.11%	0.39%	0.11%
	PRI	A	0.03%	0.22%	0.03%
	PWR	A	0.07%	0.46%	0.07%
	QRVO	F	0.03%	0.12%	0.03%
	R	B	0.07%	0.27%	0.07%
	REG	B	0.02%	0.37%	0.02%
	RF	A	0.09%	0.17%	0.09%
	RGA	A	0.04%	0.41%	0.04%
	RHI	B	0.04%	0.07%	0.04%
	RMD	C	0.03%	0.36%	0.03%
	ROST	C	0.07%	0.31%	0.07%
	RPM	A	0.04%	0.41%	0.04%
	RS	B	0.09%	0.37%	0.09%
	RVTY	F	0.03%	0.25%	0.03%
	SAIC	F	0.02%	0.28%	0.02%
	SCI	B	0.03%	0.15%	0.03%
	SJM	D	0.05%	0.29%	0.05%
	SLM	A	0.04%	0.17%	0.04%
	SNA	A	0.06%	0.44%	0.06%
	SNX	C	0.03%	0.28%	0.03%
	SON	D	0.02%	0.14%	0.02%
	SPG	B	0.1%	0.41%	0.1%
	SSNC	B	0.04%	0.35%	0.04%
	STE	F	0.03%	0.32%	0.03%
	STLD	B	0.11%	0.42%	0.11%
	STWD	C	0.02%	0.23%	0.02%
	SWKS	F	0.04%	0.24%	0.04%
	SYF	B	0.34%	0.51%	0.34%
	SYY	B	0.1%	0.27%	0.1%
	TAP	C	0.05%	0.42%	0.05%
	TER	D	0.04%	0.27%	0.04%
	TFX	F	0.02%	0.08%	0.02%
	THC	D	0.07%	0.4%	0.07%
	THO	B	0.04%	0.13%	0.04%
	TKR	D	0.02%	0.35%	0.02%
	TNL	A	0.01%	0.07%	0.01%
	TOL	B	0.06%	0.42%	0.06%
	TPR	B	0.05%	0.43%	0.05%
	TRGP	B	0.07%	0.49%	0.07%
	TSCO	D	0.06%	0.34%	0.06%
	TSN	B	0.2%	0.36%	0.2%
	TXT	D	0.06%	0.13%	0.06%
	UGI	A	0.04%	0.37%	0.04%
	UHS	D	0.08%	0.33%	0.08%
	UNM	A	0.06%	0.5%	0.06%
	USFD	A	0.08%	0.43%	0.08%
	VICI	C	0.02%	0.33%	0.02%
	VST	B	0.16%	0.71%	0.16%
	VTRS	A	0.1%	0.38%	0.1%
	WEC	A	0.08%	0.39%	0.08%
	WLK	D	0.02%	0.31%	0.02%
	WMB	A	0.17%	0.47%	0.17%
	WPC	D	0.02%	0.22%	0.02%
	WSM	B	0.04%	0.31%	0.04%
	WST	C	0.02%	0.28%	0.02%
	WU	D	0.03%	0.04%	0.03%
	WY	D	0.09%	0.31%	0.09%
	X	C	0.07%	0.33%	0.07%
	XEL	A	0.12%	0.41%	0.12%
	XRAY	F	0.01%	0.09%	0.01%
	ZION	B	0.06%	0.09%	0.06%

FNDX Overweight 465 Positions Relative to JPME

	Symbol	Grade	Weight
	AAPL	C	4.35%
	MSFT	F	2.43%
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	META	D	1.79%
	AMZN	C	1.56%
	WMT	A	1.47%
	WFC	A	1.35%
	GOOGL	C	1.33%
	BAC	A	1.3%
	T	A	1.27%
	CVX	A	1.25%
	UNH	C	1.22%
	GOOG	C	1.14%
	VZ	C	1.13%
	C	A	1.1%
	INTC	D	0.89%
	JNJ	D	0.89%
	CMCSA	B	0.83%
	CSCO	B	0.82%
	HD	A	0.8%
	GM	B	0.79%
	PG	A	0.77%
	CVS	D	0.68%
	PFE	D	0.68%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	AVGO	D	0.61%
	IBM	C	0.54%
	ORCL	B	0.5%
	ABBV	D	0.49%
	PM	B	0.48%
	COF	B	0.48%
	CI	F	0.48%
	COP	C	0.48%
	MS	A	0.46%
	BMY	B	0.45%
	DIS	B	0.45%
	QCOM	F	0.43%
	LOW	D	0.43%
	MRK	F	0.42%
	CAT	B	0.41%
	PEP	F	0.41%
	MPC	D	0.4%
	NVDA	C	0.4%
	VLO	C	0.39%
	AMGN	D	0.39%
	MU	D	0.38%
	TGT	F	0.38%
	LMT	D	0.37%
	HON	B	0.37%
	MO	A	0.37%
	GILD	C	0.37%
	PSX	C	0.36%
	ACN	C	0.36%
	AXP	A	0.36%
	ELV	F	0.36%
	V	A	0.36%
	KO	D	0.35%
	MMM	D	0.35%
	UNP	C	0.35%
	RTX	C	0.34%
	ABT	B	0.34%
	TXN	C	0.34%
	MCD	D	0.34%
	F	C	0.33%
	LIN	D	0.33%
	FDX	B	0.32%
	USB	A	0.32%
	TRV	B	0.31%
	DUK	C	0.3%
	PNC	B	0.3%
	MA	C	0.29%
	TSLA	B	0.28%
	BLK	C	0.28%
	AIG	B	0.28%
	SBUX	A	0.28%
	UPS	C	0.28%
	ALL	A	0.27%
	MET	A	0.26%
	SO	D	0.26%
	CB	C	0.26%
	BK	A	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	D	0.24%
	AMAT	F	0.24%
	BKNG	A	0.24%
	TFC	A	0.23%
	ETN	A	0.23%
	DE	A	0.23%
	PGR	A	0.23%
	EOG	A	0.23%
	CSX	B	0.22%
	PYPL	B	0.22%
	TJX	A	0.22%
	PRU	A	0.22%
	NSC	B	0.21%
	GD	F	0.21%
	ADBE	C	0.2%
	MDLZ	F	0.2%
	NOC	D	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	NKE	D	0.19%
	DOW	F	0.18%
	WBA	F	0.17%
	NFLX	A	0.17%
	EBAY	D	0.17%
	EMR	A	0.17%
	D	C	0.17%
	DD	D	0.17%
	AEP	D	0.16%
	LHX	C	0.16%
	JCI	C	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	SPGI	C	0.15%
	ADP	B	0.15%
	LRCX	F	0.15%
	ITW	B	0.15%
	PCAR	B	0.15%
	WM	A	0.15%
	CRM	B	0.15%
	GE	D	0.15%
	FCX	D	0.14%
	MMC	B	0.14%
	CL	D	0.13%
	APD	A	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	SYK	C	0.13%
	TROW	B	0.13%
	BX	A	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	NEM	D	0.13%
	FI	A	0.13%
	URI	B	0.13%
	FIS	C	0.12%
	SLB	C	0.12%
	WDC	D	0.12%
	CARR	D	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	INTU	C	0.11%
	AMT	D	0.11%
	FOXA	B	0.1%
	KMB	D	0.1%
	REGN	F	0.1%
	STT	A	0.1%
	CEG	D	0.1%
	WELL	A	0.1%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	EA	A	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	APH	A	0.09%
	CCI	D	0.09%
	AMD	F	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	NTRS	A	0.08%
	CHRW	C	0.08%
	VTR	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	KLAC	D	0.08%
	CME	A	0.08%
	DG	F	0.08%
	PPG	F	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	EQIX	A	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	BAX	D	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	WTW	B	0.07%
	MCO	B	0.07%
	STZ	D	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	VRTX	F	0.07%
	HES	B	0.06%
	ODFL	B	0.06%
	CPAY	A	0.06%
	ROK	B	0.06%
	BALL	D	0.06%
	AZO	C	0.06%
	AA	B	0.06%
	MHK	D	0.06%
	CCL	B	0.06%
	FLEX	A	0.06%
	HLT	A	0.06%
	CNP	B	0.06%
	TT	A	0.06%
	RSG	A	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KMX	B	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	ZBH	C	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	IVZ	B	0.05%
	AES	F	0.05%
	BXP	D	0.05%
	GPC	D	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	LEA	D	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	ROP	B	0.05%
	J	F	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	D	0.05%
	BFH	B	0.05%
	PSA	D	0.05%
	LNC	B	0.05%
	ANET	C	0.04%
	O	D	0.04%
	UBER	D	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	OSK	B	0.04%
	AMG	B	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	PNR	A	0.04%
	CMG	B	0.04%
	CNO	A	0.04%
	CRBG	B	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	AWK	D	0.04%
	EW	C	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	NWSA	B	0.04%
	BEN	C	0.04%
	WCC	B	0.04%
	KNX	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	DELL	C	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	INVH	D	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	BC	C	0.03%
	APO	B	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	MTD	D	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	DAL	C	0.03%
	CAR	C	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	B	0.03%
	AGCO	D	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	HII	D	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	TRMB	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	FHN	A	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	FTV	C	0.03%
	WSO	A	0.03%
	IR	B	0.03%
	CDNS	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	ADSK	A	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	BR	A	0.03%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	CHKP	D	0.02%
	ARCH	B	0.02%
	MIDD	C	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	B	0.02%
	TTC	D	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	ASO	F	0.02%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	ASGN	F	0.02%
	SBAC	D	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	D	0.02%
	EPAM	C	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GXO	B	0.02%
	CTLT	B	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	JKHY	D	0.02%
	APTV	D	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CNH	C	0.02%
	SUI	D	0.02%
	UDR	B	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	BJ	A	0.02%
	RUSHA	C	0.02%
	REZI	A	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	AXTA	A	0.02%
	LUV	C	0.02%
	SOLV	C	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CRL	C	0.01%
	VRSN	F	0.01%
	DBX	B	0.01%
	ICLR	D	0.01%
	WTRG	B	0.01%
	SPTN	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	BLD	D	0.01%
	FSLR	F	0.01%
	NOW	A	0.01%
	PRGO	B	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	D	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	LULU	C	0.01%
	UNFI	A	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 82 Positions Relative to JPME

	Symbol	Grade	Weight
	APP	B	-1.27%
	DTM	B	-0.5%
	TPL	A	-0.44%
	TXRH	C	-0.43%
	EXEL	B	-0.43%
	PPC	C	-0.42%
	UTHR	C	-0.42%
	CLH	B	-0.41%
	AM	A	-0.4%
	LITE	B	-0.4%
	PR	B	-0.4%
	TYL	B	-0.39%
	ESI	A	-0.39%
	OHI	C	-0.38%
	SPB	C	-0.37%
	ROKU	D	-0.37%
	MANH	D	-0.37%
	VVV	F	-0.36%
	BRBR	A	-0.36%
	CNM	D	-0.35%
	CUBE	D	-0.35%
	COKE	C	-0.34%
	EPR	D	-0.33%
	RBC	A	-0.31%
	HIW	D	-0.3%
	NEU	C	-0.3%
	RGLD	C	-0.29%
	KRC	C	-0.29%
	RRC	B	-0.29%
	SAM	C	-0.28%
	VEEV	C	-0.28%
	MEDP	D	-0.28%
	STAG	F	-0.28%
	BYD	C	-0.27%
	MPWR	F	-0.27%
	INCY	C	-0.27%
	CRUS	D	-0.27%
	FRPT	B	-0.27%
	ASH	D	-0.26%
	AMH	D	-0.26%
	SMG	D	-0.25%
	NBIX	C	-0.25%
	UI	A	-0.25%
	QGEN	D	-0.25%
	CWEN	C	-0.24%
	IRDM	D	-0.24%
	AGO	B	-0.24%
	IDA	A	-0.24%
	EGP	F	-0.23%
	FR	C	-0.23%
	DLB	B	-0.22%
	CROX	D	-0.22%
	NNN	D	-0.22%
	RPRX	D	-0.21%
	BRKR	D	-0.2%
	REYN	D	-0.18%
	REXR	F	-0.18%
	FRT	B	-0.18%
	ACHC	F	-0.17%
	ELAN	D	-0.16%
	CUZ	B	-0.15%
	AXS	A	-0.15%
	PINC	B	-0.14%
	RYN	D	-0.14%
	WEN	D	-0.13%
	WTM	A	-0.13%
	SLGN	A	-0.1%
	CXT	B	-0.1%
	NSA	D	-0.09%
	LBRDK	C	-0.09%
	PB	A	-0.07%
	FNB	A	-0.07%
	TECH	D	-0.06%
	GO	C	-0.06%
	NVST	B	-0.05%
	HXL	D	-0.05%
	CR	A	-0.05%
	VIRT	B	-0.04%
	ADTN	A	-0.03%
	FTRE	D	-0.03%
	PAYC	B	-0.03%
	CNA	B	-0.0%

FNDX: Top Represented Industries & Keywords

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

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

JPME: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Banks - Regional - US Oil & Gas E&P Biotechnology Diagnostics & Research Diversified Industrials Specialty Chemicals Medical Instruments & Supplies REIT - Retail Software - Application Communication Equipment Information Technology Services Medical Care Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Industrial REIT - Residential Semiconductors

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Electricity Insurance Electronics Nasdaq 100 Bank Computing Aerospace Chemical Banking Insurance Products Disability Mining Plastic Semiconductor Biotechnology Food Products Real Estate Market