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

$70.49

Average Daily Volume

430,315

Number of Holdings ^*

718

* 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

$103.57

Average Daily Volume

15,777

Number of Holdings ^*

340

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	JPME
30 Days	1.34%	2.59%
60 Days	2.80%	5.48%
90 Days	5.41%	8.55%
12 Months	23.82%	22.05%

255 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in JPME	Overlap
	A	C	0.06%	0.32%	0.06%
	ACGL	B	0.05%	0.12%	0.05%
	ACI	F	0.02%	0.3%	0.02%
	ADM	D	0.22%	0.28%	0.22%
	AEE	B	0.07%	0.39%	0.07%
	AFG	B	0.05%	0.19%	0.05%
	AFL	B	0.23%	0.47%	0.23%
	AJG	C	0.05%	0.41%	0.05%
	AKAM	D	0.03%	0.14%	0.03%
	ALLY	F	0.1%	0.11%	0.1%
	ALSN	B	0.04%	0.44%	0.04%
	AME	C	0.05%	0.34%	0.05%
	AMP	B	0.12%	0.39%	0.12%
	AN	D	0.05%	0.35%	0.05%
	ANSS	F	0.02%	0.33%	0.02%
	AOS	C	0.03%	0.31%	0.03%
	APA	F	0.03%	0.14%	0.03%
	AR	D	0.02%	0.27%	0.02%
	ATO	B	0.04%	0.44%	0.04%
	ATR	B	0.02%	0.01%	0.01%
	AVB	B	0.06%	0.43%	0.06%
	AVT	D	0.07%	0.13%	0.07%
	AVY	D	0.04%	0.34%	0.04%
	AYI	B	0.04%	0.07%	0.04%
	BAH	B	0.04%	0.15%	0.04%
	BBWI	F	0.02%	0.03%	0.02%
	BBY	B	0.19%	0.34%	0.19%
	BG	D	0.11%	0.35%	0.11%
	BIIB	F	0.1%	0.06%	0.06%
	BKR	D	0.14%	0.15%	0.14%
	BLDR	C	0.04%	0.34%	0.04%
	BPOP	C	0.03%	0.31%	0.03%
	BRO	C	0.03%	0.17%	0.03%
	BRX	B	0.02%	0.45%	0.02%
	BWA	D	0.05%	0.13%	0.05%
	CACI	B	0.03%	0.42%	0.03%
	CAG	B	0.07%	0.41%	0.07%
	CAH	C	0.07%	0.36%	0.07%
	CASY	D	0.05%	0.38%	0.05%
	CBOE	C	0.02%	0.43%	0.02%
	CBRE	A	0.12%	0.47%	0.12%
	CC	F	0.02%	0.07%	0.02%
	CDW	D	0.06%	0.32%	0.06%
	CE	D	0.06%	0.32%	0.06%
	CF	B	0.06%	0.38%	0.06%
	CFG	D	0.1%	0.1%	0.1%
	CHD	C	0.04%	0.36%	0.04%
	CHE	C	0.01%	0.35%	0.01%
	CHK	D	0.02%	0.26%	0.02%
	CHTR	D	0.32%	0.33%	0.32%
	CIEN	C	0.03%	0.33%	0.03%
	CLF	F	0.03%	0.22%	0.03%
	CLX	C	0.04%	0.39%	0.04%
	CMA	B	0.06%	0.06%	0.06%
	CMI	C	0.17%	0.39%	0.17%
	CMS	A	0.06%	0.42%	0.06%
	CNC	C	0.25%	0.3%	0.25%
	CNP	C	0.06%	0.33%	0.06%
	CNXC	D	0.01%	0.11%	0.01%
	CPB	B	0.04%	0.42%	0.04%
	CPT	B	0.02%	0.21%	0.02%
	CRI	C	0.02%	0.05%	0.02%
	CSL	C	0.05%	0.28%	0.05%
	CTRA	F	0.01%	0.3%	0.01%
	CTVA	B	0.09%	0.31%	0.09%
	DECK	C	0.03%	0.32%	0.03%
	DFS	C	0.21%	0.11%	0.11%
	DGX	B	0.07%	0.4%	0.07%
	DHI	B	0.2%	0.42%	0.2%
	DINO	D	0.05%	0.28%	0.05%
	DKS	D	0.05%	0.36%	0.05%
	DOX	C	0.04%	0.32%	0.04%
	DRI	C	0.05%	0.27%	0.05%
	DTE	B	0.08%	0.35%	0.08%
	DVA	B	0.07%	0.41%	0.07%
	DVN	F	0.08%	0.22%	0.08%
	ED	C	0.13%	0.42%	0.13%
	EG	B	0.03%	0.34%	0.03%
	EHC	B	0.02%	0.41%	0.02%
	EIX	C	0.11%	0.44%	0.11%
	EME	B	0.06%	0.29%	0.06%
	EMN	B	0.08%	0.37%	0.08%
	EQR	B	0.06%	0.32%	0.06%
	EQT	D	0.03%	0.28%	0.03%
	ESS	B	0.04%	0.34%	0.04%
	ETR	A	0.11%	0.43%	0.11%
	EVRG	A	0.07%	0.42%	0.07%
	EXC	B	0.18%	0.31%	0.18%
	EXP	B	0.02%	0.17%	0.02%
	EXPD	B	0.02%	0.24%	0.02%
	FANG	D	0.05%	0.34%	0.05%
	FAST	C	0.07%	0.37%	0.07%
	FCNCA	D	0.02%	0.42%	0.02%
	FE	C	0.1%	0.42%	0.1%
	FITB	B	0.13%	0.17%	0.13%
	FLO	C	0.02%	0.29%	0.02%
	FNF	A	0.07%	0.18%	0.07%
	FYBR	C	0.04%	0.54%	0.04%
	GGG	C	0.02%	0.34%	0.02%
	GIS	B	0.13%	0.32%	0.13%
	GLPI	B	0.02%	0.39%	0.02%
	GLW	B	0.14%	0.17%	0.14%
	GNTX	F	0.03%	0.3%	0.03%
	GRMN	D	0.05%	0.43%	0.05%
	GWW	B	0.07%	0.38%	0.07%
	HAL	F	0.06%	0.24%	0.06%
	HBAN	B	0.07%	0.34%	0.07%
	HES	D	0.04%	0.05%	0.04%
	HIG	A	0.15%	0.43%	0.15%
	HOG	C	0.02%	0.02%	0.02%
	HOLX	B	0.04%	0.37%	0.04%
	HPE	D	0.18%	0.22%	0.18%
	HPQ	D	0.2%	0.25%	0.2%
	HRB	C	0.02%	0.38%	0.02%
	HRL	C	0.03%	0.29%	0.03%
	HSIC	C	0.04%	0.31%	0.04%
	HST	D	0.04%	0.3%	0.04%
	HUBB	B	0.03%	0.39%	0.03%
	HUN	D	0.03%	0.26%	0.03%
	IEX	D	0.02%	0.04%	0.02%
	INGR	A	0.05%	0.44%	0.05%
	IP	B	0.15%	0.4%	0.15%
	IPG	C	0.04%	0.03%	0.03%
	IQV	C	0.08%	0.34%	0.08%
	IRM	B	0.08%	0.48%	0.08%
	IT	B	0.03%	0.38%	0.03%
	ITT	C	0.03%	0.15%	0.03%
	JAZZ	D	0.01%	0.23%	0.01%
	JBL	D	0.05%	0.26%	0.05%
	JEF	B	0.05%	0.48%	0.05%
	JLL	B	0.09%	0.39%	0.09%
	JNPR	A	0.05%	0.38%	0.05%
	K	A	0.07%	0.52%	0.07%
	KEY	B	0.1%	0.08%	0.08%
	KEYS	C	0.03%	0.16%	0.03%
	KIM	B	0.03%	0.37%	0.03%
	KR	B	0.3%	0.39%	0.3%
	KSS	F	0.07%	0.01%	0.01%
	KVUE	B	0.03%	0.36%	0.03%
	L	B	0.05%	0.25%	0.05%
	LAMR	A	0.02%	0.41%	0.02%
	LDOS	C	0.08%	0.4%	0.08%
	LECO	F	0.02%	0.25%	0.02%
	LEG	D	0.01%	0.04%	0.01%
	LEN	B	0.19%	0.42%	0.19%
	LNG	D	0.05%	0.31%	0.05%
	LNT	A	0.04%	0.33%	0.04%
	LPX	B	0.03%	0.14%	0.03%
	LSTR	D	0.02%	0.31%	0.02%
	LW	D	0.01%	0.21%	0.01%
	LYB	F	0.16%	0.37%	0.16%
	M	F	0.05%	0.14%	0.05%
	MAA	B	0.04%	0.28%	0.04%
	MAS	B	0.06%	0.33%	0.06%
	MCHP	D	0.05%	0.24%	0.05%
	MGM	D	0.05%	0.22%	0.05%
	MKC	B	0.04%	0.35%	0.04%
	MOH	C	0.05%	0.34%	0.05%
	MOS	F	0.05%	0.25%	0.05%
	MRO	D	0.08%	0.29%	0.08%
	MSM	D	0.01%	0.31%	0.01%
	MTB	B	0.09%	0.25%	0.09%
	MTG	B	0.03%	0.45%	0.03%
	NDSN	C	0.02%	0.06%	0.02%
	NFG	B	0.02%	0.39%	0.02%
	NI	B	0.05%	0.45%	0.05%
	NRG	C	0.11%	0.29%	0.11%
	NTAP	D	0.08%	0.34%	0.08%
	NUE	F	0.18%	0.29%	0.18%
	NVR	B	0.08%	0.39%	0.08%
	NVT	D	0.02%	0.16%	0.02%
	NXST	D	0.03%	0.36%	0.03%
	OC	C	0.06%	0.34%	0.06%
	ODFL	C	0.05%	0.3%	0.05%
	OGE	B	0.03%	0.4%	0.03%
	OKE	B	0.13%	0.44%	0.13%
	OLN	D	0.03%	0.29%	0.03%
	OMC	A	0.08%	0.28%	0.08%
	OMF	C	0.05%	0.35%	0.05%
	ON	D	0.04%	0.24%	0.04%
	ORI	A	0.05%	0.43%	0.05%
	OVV	D	0.04%	0.24%	0.04%
	PAG	D	0.02%	0.32%	0.02%
	PAYX	C	0.06%	0.26%	0.06%
	PCG	C	0.03%	0.4%	0.03%
	PEG	B	0.11%	0.43%	0.11%
	PFG	B	0.08%	0.05%	0.05%
	PFGC	B	0.05%	0.35%	0.05%
	PHM	B	0.13%	0.44%	0.13%
	PK	D	0.02%	0.31%	0.02%
	PKG	B	0.07%	0.38%	0.07%
	PNW	B	0.04%	0.42%	0.04%
	POOL	C	0.02%	0.13%	0.02%
	POST	C	0.02%	0.43%	0.02%
	PPL	C	0.11%	0.43%	0.11%
	PRI	B	0.02%	0.2%	0.02%
	PWR	B	0.06%	0.36%	0.06%
	QRVO	F	0.05%	0.2%	0.05%
	R	B	0.06%	0.22%	0.06%
	REG	C	0.03%	0.4%	0.03%
	RF	B	0.08%	0.14%	0.08%
	RGA	B	0.04%	0.39%	0.04%
	RHI	D	0.03%	0.06%	0.03%
	RMD	C	0.04%	0.34%	0.04%
	ROST	C	0.08%	0.36%	0.08%
	RPM	B	0.04%	0.38%	0.04%
	RS	D	0.08%	0.34%	0.08%
	SAIC	C	0.03%	0.33%	0.03%
	SCI	B	0.03%	0.15%	0.03%
	SJM	C	0.06%	0.36%	0.06%
	SLM	C	0.04%	0.14%	0.04%
	SNA	B	0.04%	0.35%	0.04%
	SNX	D	0.02%	0.24%	0.02%
	SON	C	0.03%	0.16%	0.03%
	SPG	B	0.11%	0.41%	0.11%
	SSNC	B	0.04%	0.36%	0.04%
	STE	C	0.03%	0.38%	0.03%
	STLD	D	0.09%	0.33%	0.09%
	STWD	A	0.02%	0.23%	0.02%
	SWKS	F	0.05%	0.28%	0.05%
	SWN	D	0.03%	0.27%	0.03%
	SYF	C	0.27%	0.33%	0.27%
	SYY	D	0.1%	0.31%	0.1%
	TAP	C	0.05%	0.35%	0.05%
	TER	D	0.05%	0.33%	0.05%
	TFX	C	0.02%	0.12%	0.02%
	THC	B	0.08%	0.43%	0.08%
	THO	D	0.04%	0.13%	0.04%
	TKR	D	0.02%	0.37%	0.02%
	TNL	D	0.01%	0.06%	0.01%
	TOL	B	0.06%	0.44%	0.06%
	TPR	C	0.04%	0.33%	0.04%
	TRGP	B	0.06%	0.46%	0.06%
	TSCO	C	0.06%	0.37%	0.06%
	TSN	C	0.2%	0.32%	0.2%
	TXT	D	0.06%	0.14%	0.06%
	UGI	C	0.04%	0.29%	0.04%
	UHS	B	0.1%	0.46%	0.1%
	UNM	B	0.05%	0.42%	0.05%
	USFD	B	0.07%	0.42%	0.07%
	VICI	C	0.02%	0.39%	0.02%
	VST	C	0.11%	0.34%	0.11%
	VTRS	C	0.1%	0.35%	0.1%
	WEC	B	0.08%	0.38%	0.08%
	WLK	D	0.02%	0.34%	0.02%
	WMB	B	0.15%	0.41%	0.15%
	WPC	B	0.02%	0.27%	0.02%
	WSM	C	0.05%	0.34%	0.05%
	WST	D	0.02%	0.26%	0.02%
	WU	D	0.04%	0.04%	0.04%
	WY	C	0.09%	0.34%	0.09%
	X	D	0.07%	0.27%	0.07%
	XEL	A	0.12%	0.37%	0.12%
	XRAY	D	0.02%	0.13%	0.02%
	ZION	D	0.05%	0.07%	0.05%

FNDX Overweight 463 Positions Relative to JPME

	Symbol	Grade	Weight
	AAPL	D	4.51%
	MSFT	C	2.54%
	BRK.A	C	2.29%
	JPM	D	1.94%
	XOM	D	1.92%
	META	A	1.85%
	WMT	B	1.51%
	AMZN	C	1.42%
	T	B	1.37%
	VZ	B	1.32%
	UNH	C	1.25%
	GOOGL	D	1.22%
	BAC	D	1.22%
	CVX	D	1.07%
	GOOG	D	1.06%
	WFC	D	1.06%
	C	D	1.04%
	JNJ	B	1.0%
	PG	C	0.84%
	HD	B	0.78%
	PFE	C	0.75%
	CMCSA	D	0.75%
	CSCO	B	0.73%
	COST	C	0.73%
	GM	B	0.69%
	CVS	D	0.68%
	AVGO	C	0.68%
	IBM	B	0.61%
	INTC	F	0.6%
	ABBV	C	0.6%
	LUMN	C	0.57%
	GS	D	0.56%
	CI	C	0.55%
	PM	C	0.51%
	MRK	D	0.51%
	ELV	C	0.5%
	AMGN	B	0.48%
	QCOM	D	0.47%
	ORCL	B	0.47%
	PEP	C	0.45%
	KO	B	0.43%
	LOW	B	0.42%
	COP	D	0.42%
	MPC	D	0.41%
	UNP	B	0.4%
	MMM	B	0.4%
	LMT	C	0.4%
	MO	C	0.39%
	COF	C	0.39%
	CAT	C	0.39%
	VLO	D	0.38%
	NVDA	D	0.38%
	RTX	C	0.37%
	AXP	B	0.37%
	DIS	D	0.37%
	TGT	C	0.37%
	PSX	D	0.36%
	V	B	0.35%
	MS	D	0.35%
	GILD	B	0.35%
	BMY	C	0.35%
	LIN	B	0.35%
	MU	F	0.35%
	DUK	C	0.34%
	ACN	C	0.34%
	MCD	C	0.34%
	ABT	C	0.34%
	HON	D	0.34%
	TXN	C	0.34%
	FDX	C	0.32%
	F	D	0.31%
	TRV	B	0.3%
	USB	B	0.3%
	SO	B	0.29%
	PNC	B	0.29%
	NEE	B	0.29%
	CB	B	0.29%
	ALL	A	0.29%
	TMO	C	0.29%
	AIG	D	0.28%
	MA	B	0.28%
	LLY	C	0.27%
	MDT	C	0.27%
	SBUX	C	0.27%
	BLK	A	0.26%
	MET	A	0.26%
	PGR	A	0.26%
	BK	A	0.26%
	HCA	B	0.25%
	AMAT	D	0.25%
	UPS	D	0.25%
	TMUS	C	0.24%
	TJX	C	0.24%
	MDLZ	B	0.23%
	GD	B	0.23%
	PRU	C	0.23%
	DE	B	0.22%
	ADBE	D	0.22%
	TFC	D	0.22%
	HUM	F	0.21%
	NSC	C	0.21%
	CSX	D	0.21%
	ETN	C	0.21%
	NOC	B	0.21%
	DOW	D	0.2%
	EOG	D	0.2%
	BKNG	B	0.2%
	TSLA	C	0.19%
	PYPL	B	0.19%
	D	C	0.19%
	KMI	A	0.19%
	NEM	B	0.19%
	EBAY	B	0.19%
	GE	B	0.18%
	DD	B	0.18%
	NKE	D	0.18%
	CTSH	C	0.18%
	AEP	B	0.18%
	DHR	B	0.17%
	LRCX	F	0.16%
	LHX	D	0.16%
	REGN	C	0.16%
	CL	C	0.16%
	ITW	B	0.15%
	ADP	B	0.15%
	EMR	D	0.15%
	NFLX	B	0.15%
	JCI	B	0.15%
	MMC	C	0.15%
	SPGI	B	0.15%
	WM	D	0.15%
	WBA	F	0.14%
	BA	F	0.14%
	AMT	C	0.14%
	AON	B	0.13%
	ICE	B	0.13%
	PCAR	D	0.13%
	SYK	C	0.13%
	CARR	B	0.13%
	FIS	B	0.13%
	ADI	D	0.13%
	WDC	D	0.13%
	FCX	D	0.13%
	PH	B	0.12%
	CRM	D	0.12%
	SRE	B	0.12%
	URI	B	0.12%
	INTU	D	0.11%
	KHC	C	0.11%
	TEL	D	0.11%
	SW	B	0.11%
	CCI	B	0.11%
	OXY	F	0.11%
	SLB	F	0.11%
	WELL	B	0.11%
	BDX	F	0.11%
	BX	B	0.11%
	KKR	B	0.11%
	KMB	D	0.11%
	TROW	D	0.11%
	APD	B	0.11%
	MCK	F	0.1%
	KLAC	D	0.1%
	CEG	C	0.1%
	STX	D	0.1%
	SCHW	D	0.1%
	ORLY	B	0.1%
	BAX	C	0.09%
	FOXA	B	0.09%
	APH	D	0.09%
	TT	B	0.09%
	ISRG	C	0.09%
	ES	C	0.09%
	SHW	B	0.09%
	CTAS	C	0.09%
	VTR	C	0.09%
	ECL	B	0.09%
	BSX	B	0.09%
	STT	A	0.09%
	PARA	F	0.09%
	AMD	F	0.09%
	STZ	C	0.08%
	NXPI	D	0.08%
	VRTX	D	0.08%
	GPN	D	0.08%
	TDG	B	0.08%
	MCO	A	0.08%
	MAR	C	0.08%
	DLR	B	0.08%
	CME	C	0.08%
	YUM	D	0.08%
	SWK	B	0.08%
	ZTS	B	0.08%
	PLD	C	0.08%
	KDP	A	0.08%
	ARW	C	0.08%
	PPG	C	0.08%
	DG	F	0.08%
	EA	D	0.08%
	EQIX	B	0.08%
	OGN	D	0.07%
	KMX	D	0.07%
	NTRS	B	0.07%
	WTW	B	0.07%
	RSG	D	0.07%
	GEHC	C	0.07%
	CINF	B	0.07%
	CHRW	B	0.07%
	MHK	B	0.07%
	HLT	B	0.06%
	WAB	A	0.06%
	WBD	D	0.06%
	VFC	C	0.06%
	IFF	B	0.06%
	AZO	D	0.06%
	PSA	B	0.06%
	DOV	B	0.06%
	WHR	D	0.06%
	HWM	B	0.06%
	AES	C	0.06%
	BALL	C	0.06%
	MSI	C	0.06%
	ZBH	F	0.05%
	AA	D	0.05%
	EQH	C	0.05%
	GPI	B	0.05%
	VNO	B	0.05%
	SIRI	C	0.05%
	GEV	B	0.05%
	SFM	B	0.05%
	AWK	A	0.05%
	MUSA	C	0.05%
	KD	D	0.05%
	OTIS	D	0.05%
	DXC	C	0.05%
	CCL	C	0.05%
	MAN	C	0.05%
	CPAY	B	0.05%
	LKQ	D	0.05%
	LAD	C	0.05%
	ROK	D	0.05%
	ROP	C	0.05%
	LEA	D	0.05%
	FLEX	C	0.05%
	BXP	B	0.05%
	LNC	D	0.05%
	GPC	D	0.05%
	J	D	0.05%
	ZBRA	B	0.04%
	BR	D	0.04%
	HAS	B	0.04%
	MTD	D	0.04%
	DPZ	F	0.04%
	PNR	B	0.04%
	MTH	B	0.04%
	ANET	B	0.04%
	WRB	C	0.04%
	UBER	C	0.04%
	CNO	B	0.04%
	WAT	C	0.04%
	CMG	C	0.04%
	BAP	A	0.04%
	MRVL	C	0.04%
	EL	F	0.04%
	EW	F	0.04%
	EFX	C	0.04%
	TMHC	B	0.04%
	XYL	D	0.04%
	JXN	B	0.04%
	EXR	B	0.04%
	CCK	A	0.04%
	MRNA	F	0.04%
	BEN	F	0.04%
	PVH	F	0.04%
	KNX	C	0.04%
	MNST	C	0.04%
	EVR	B	0.04%
	DOC	C	0.04%
	GAP	F	0.04%
	RJF	C	0.04%
	SOLV	C	0.04%
	NWSA	D	0.04%
	VMC	D	0.04%
	MLM	D	0.04%
	JBHT	D	0.04%
	BERY	B	0.04%
	HSY	C	0.04%
	VRSK	D	0.04%
	O	B	0.04%
	APTV	D	0.04%
	ACM	B	0.04%
	FAF	B	0.04%
	IVZ	C	0.04%
	ZIM	C	0.04%
	HII	C	0.04%
	DLTR	F	0.04%
	TDS	C	0.04%
	MKL	C	0.04%
	SKX	C	0.03%
	AAP	F	0.03%
	CG	C	0.03%
	CPRI	D	0.03%
	IDXX	C	0.03%
	GDDY	C	0.03%
	CW	B	0.03%
	BC	C	0.03%
	TRMB	C	0.03%
	FLR	D	0.03%
	ILMN	C	0.03%
	UDR	B	0.03%
	EWBC	C	0.03%
	LPLA	D	0.03%
	AVTR	B	0.03%
	FTNT	C	0.03%
	SUI	B	0.03%
	JHG	B	0.03%
	CMC	D	0.03%
	FHN	D	0.03%
	AER	C	0.03%
	RRX	C	0.03%
	PBF	F	0.03%
	AGCO	D	0.03%
	EXPE	C	0.03%
	MSCI	C	0.03%
	NWL	D	0.03%
	AIZ	B	0.03%
	VOYA	A	0.03%
	TRU	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	ULTA	D	0.03%
	RL	B	0.03%
	INVH	C	0.03%
	CRBG	D	0.03%
	SNPS	D	0.03%
	CHKP	C	0.03%
	MLI	B	0.03%
	IR	C	0.03%
	SLG	B	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	ADSK	B	0.03%
	CDNS	D	0.03%
	FFIV	A	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	APO	C	0.03%
	MTZ	B	0.03%
	WCC	C	0.03%
	ARMK	B	0.03%
	GL	C	0.03%
	KBH	B	0.03%
	SANM	D	0.03%
	PANW	D	0.03%
	NDAQ	B	0.03%
	CCEP	B	0.03%
	ARE	B	0.03%
	BURL	B	0.03%
	FTV	C	0.03%
	HBI	B	0.03%
	WSO	C	0.03%
	BCC	C	0.03%
	UFPI	C	0.03%
	GPK	B	0.03%
	OSK	D	0.03%
	FL	D	0.03%
	CNH	C	0.03%
	AMG	C	0.03%
	EPAM	D	0.02%
	OI	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	MIDD	C	0.02%
	CNX	A	0.02%
	FTI	D	0.02%
	CAR	F	0.02%
	GXO	D	0.02%
	AMCR	C	0.02%
	BECN	D	0.02%
	SM	D	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	LULU	D	0.02%
	PENN	D	0.02%
	PRGO	D	0.02%
	REZI	D	0.02%
	MKSI	F	0.02%
	SQ	D	0.02%
	DAR	F	0.02%
	TGNA	C	0.02%
	CYH	B	0.02%
	TTC	D	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	ALLE	B	0.02%
	FSLR	C	0.02%
	GNRC	D	0.02%
	TPX	C	0.02%
	POR	B	0.02%
	ASGN	D	0.02%
	JWN	B	0.02%
	ALB	F	0.02%
	MUR	D	0.02%
	UHAL	B	0.02%
	RUSHA	C	0.02%
	ASO	C	0.02%
	XRX	F	0.02%
	BTU	D	0.02%
	NAVI	C	0.02%
	ALGN	D	0.02%
	QRTEA	F	0.02%
	ST	D	0.02%
	DCI	D	0.02%
	DAL	C	0.02%
	MPW	C	0.02%
	SBAC	C	0.02%
	NOV	D	0.02%
	AXTA	C	0.02%
	ABG	F	0.02%
	LUV	C	0.02%
	BJ	D	0.02%
	JKHY	B	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	B	0.02%
	CTLT	B	0.02%
	CPRT	D	0.02%
	SEIC	B	0.02%
	TDY	C	0.02%
	G	C	0.02%
	NSIT	C	0.02%
	SEE	D	0.02%
	ALV	F	0.02%
	SNV	C	0.02%
	THG	A	0.02%
	TTWO	D	0.02%
	HTZ	D	0.01%
	ALK	C	0.01%
	COHR	B	0.01%
	MATX	C	0.01%
	DELL	D	0.01%
	VSH	D	0.01%
	ANDE	D	0.01%
	DBX	D	0.01%
	CRL	D	0.01%
	VRSN	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	WTRG	D	0.01%
	VAC	F	0.01%
	MMS	D	0.01%
	AEO	D	0.01%
	ADNT	F	0.01%
	MTN	D	0.01%
	LILAK	D	0.01%
	BLD	D	0.01%
	DAN	F	0.01%
	ODP	F	0.01%
	SPTN	C	0.01%
	NOW	A	0.01%
	BIG	F	0.0%
	AAL	D	0.0%

FNDX Underweight 85 Positions Relative to JPME

	Symbol	Grade	Weight
	OHI	A	-0.47%
	APP	B	-0.46%
	UTHR	C	-0.44%
	CUBE	B	-0.43%
	MPWR	C	-0.41%
	CLH	B	-0.41%
	TYL	C	-0.4%
	EPR	B	-0.39%
	TXRH	D	-0.37%
	MANH	B	-0.37%
	SPB	B	-0.37%
	AM	B	-0.37%
	ESI	D	-0.36%
	CRUS	D	-0.36%
	ROKU	C	-0.36%
	CSGP	D	-0.34%
	PPC	D	-0.34%
	ACHC	C	-0.34%
	EXEL	B	-0.34%
	VVV	D	-0.33%
	NEU	D	-0.32%
	HIW	B	-0.32%
	STAG	C	-0.32%
	AMH	C	-0.31%
	XP	D	-0.31%
	SRCL	A	-0.3%
	QGEN	B	-0.29%
	VEEV	C	-0.29%
	CNM	F	-0.28%
	Z	B	-0.28%
	NNN	B	-0.28%
	KRC	B	-0.27%
	FR	C	-0.27%
	CROX	C	-0.27%
	RBC	C	-0.27%
	EGP	B	-0.27%
	FRPT	B	-0.27%
	RRC	D	-0.26%
	SAM	F	-0.26%
	RPRX	C	-0.25%
	ASH	D	-0.25%
	LITE	B	-0.25%
	BRKR	D	-0.25%
	IRDM	D	-0.25%
	NBIX	F	-0.25%
	TPL	C	-0.25%
	DTM	B	-0.25%
	BYD	C	-0.24%
	MEDP	D	-0.24%
	IDA	B	-0.24%
	COKE	C	-0.24%
	LBRDK	D	-0.23%
	REXR	C	-0.23%
	AGO	C	-0.22%
	BRBR	B	-0.22%
	INCY	C	-0.22%
	FRT	C	-0.21%
	DLB	D	-0.21%
	REYN	C	-0.2%
	CELH	F	-0.2%
	CWEN	B	-0.17%
	ELAN	D	-0.17%
	RYN	C	-0.16%
	RGLD	B	-0.15%
	CUZ	B	-0.15%
	GO	F	-0.15%
	AXS	B	-0.14%
	PINC	C	-0.13%
	WEN	C	-0.13%
	UI	B	-0.12%
	WTM	F	-0.12%
	SLGN	B	-0.1%
	CACC	D	-0.1%
	SMG	C	-0.07%
	FNB	D	-0.06%
	TECH	C	-0.06%
	PB	B	-0.06%
	CR	C	-0.05%
	VIRT	B	-0.05%
	HXL	F	-0.05%
	NVST	D	-0.04%
	ADTN	F	-0.03%
	PAYC	D	-0.03%
	FTRE	F	-0.03%
	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

JPME: Top Represented Industries & Keywords

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

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