FNDX vs. JPUS ETF Comparison

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

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

$71.33

Average Daily Volume

427,734

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in 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. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$118.98

Average Daily Volume

7,932

Number of Holdings ^*

354

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	JPUS
30 Days	2.43%	2.70%
60 Days	3.56%	5.35%
90 Days	6.76%	8.04%
12 Months	27.86%	26.40%

311 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in JPUS	Overlap
	AAPL	C	4.51%	0.36%	0.36%
	ABBV	C	0.6%	0.38%	0.38%
	ABT	C	0.34%	0.34%	0.34%
	ACGL	B	0.05%	0.35%	0.05%
	ACI	F	0.02%	0.31%	0.02%
	ACN	C	0.34%	0.33%	0.33%
	ADBE	F	0.22%	0.06%	0.06%
	ADI	C	0.13%	0.36%	0.13%
	ADM	D	0.22%	0.37%	0.22%
	AEE	A	0.07%	0.01%	0.01%
	AFG	B	0.05%	0.06%	0.05%
	AFL	C	0.23%	0.4%	0.23%
	ALLY	D	0.1%	0.21%	0.1%
	ALSN	B	0.04%	0.3%	0.04%
	AMAT	D	0.25%	0.29%	0.25%
	AME	C	0.05%	0.23%	0.05%
	AMGN	B	0.48%	0.41%	0.41%
	AMP	B	0.12%	0.23%	0.12%
	ANET	A	0.04%	0.4%	0.04%
	AOS	D	0.03%	0.32%	0.03%
	APH	C	0.09%	0.35%	0.09%
	APO	B	0.03%	0.16%	0.03%
	ATO	B	0.04%	0.15%	0.04%
	AVB	C	0.06%	0.34%	0.06%
	AVGO	C	0.68%	0.33%	0.33%
	AVY	D	0.04%	0.16%	0.04%
	AZO	D	0.06%	0.36%	0.06%
	BAC	D	1.22%	0.26%	0.26%
	BAH	B	0.04%	0.33%	0.04%
	BBY	C	0.19%	0.26%	0.19%
	BDX	F	0.11%	0.2%	0.11%
	BG	D	0.11%	0.35%	0.11%
	BKNG	B	0.2%	0.14%	0.14%
	BLDR	C	0.04%	0.34%	0.04%
	BMY	C	0.35%	0.22%	0.22%
	BPOP	C	0.03%	0.21%	0.03%
	BRK.A	C	2.29%	0.41%	0.41%
	BRX	B	0.02%	0.38%	0.02%
	CACI	B	0.03%	0.13%	0.03%
	CAG	C	0.07%	0.42%	0.07%
	CAH	C	0.07%	0.35%	0.07%
	CARR	B	0.13%	0.09%	0.09%
	CASY	D	0.05%	0.38%	0.05%
	CAT	B	0.39%	0.24%	0.24%
	CB	B	0.29%	0.29%	0.29%
	CBOE	C	0.02%	0.3%	0.02%
	CBRE	A	0.12%	0.05%	0.05%
	CC	F	0.02%	0.01%	0.01%
	CCI	C	0.11%	0.2%	0.11%
	CDNS	D	0.03%	0.28%	0.03%
	CE	F	0.06%	0.32%	0.06%
	CEG	A	0.1%	0.33%	0.1%
	CF	C	0.06%	0.3%	0.06%
	CFG	C	0.1%	0.06%	0.06%
	CHD	C	0.04%	0.36%	0.04%
	CHE	C	0.01%	0.17%	0.01%
	CHK	D	0.02%	0.09%	0.02%
	CHTR	D	0.32%	0.34%	0.32%
	CI	C	0.55%	0.4%	0.4%
	CIEN	C	0.03%	0.33%	0.03%
	CL	C	0.16%	0.42%	0.16%
	CLF	F	0.03%	0.17%	0.03%
	CLX	C	0.04%	0.39%	0.04%
	CMCSA	D	0.75%	0.39%	0.39%
	CMI	C	0.17%	0.34%	0.17%
	CMS	B	0.06%	0.3%	0.06%
	CNP	D	0.06%	0.3%	0.06%
	COF	A	0.39%	0.34%	0.34%
	COP	D	0.42%	0.25%	0.25%
	CPB	B	0.04%	0.42%	0.04%
	CPT	B	0.02%	0.18%	0.02%
	CRI	D	0.02%	0.03%	0.02%
	CSCO	B	0.73%	0.35%	0.35%
	CSL	B	0.05%	0.15%	0.05%
	CSX	D	0.21%	0.13%	0.13%
	CTRA	D	0.01%	0.31%	0.01%
	CTSH	C	0.18%	0.37%	0.18%
	CTVA	B	0.09%	0.3%	0.09%
	CVS	F	0.68%	0.27%	0.27%
	CVX	D	1.07%	0.3%	0.3%
	D	B	0.19%	0.37%	0.19%
	DFS	B	0.21%	0.1%	0.1%
	DGX	C	0.07%	0.36%	0.07%
	DHI	C	0.2%	0.46%	0.2%
	DHR	C	0.17%	0.33%	0.17%
	DINO	F	0.05%	0.24%	0.05%
	DKS	D	0.05%	0.36%	0.05%
	DOW	D	0.2%	0.29%	0.2%
	DOX	C	0.04%	0.25%	0.04%
	DRI	B	0.05%	0.24%	0.05%
	DTE	B	0.08%	0.33%	0.08%
	DUK	B	0.34%	0.35%	0.34%
	DVA	B	0.07%	0.4%	0.07%
	EA	D	0.08%	0.16%	0.08%
	ECL	A	0.09%	0.29%	0.09%
	ED	C	0.13%	0.4%	0.13%
	EG	C	0.03%	0.3%	0.03%
	EIX	C	0.11%	0.43%	0.11%
	ELV	C	0.5%	0.36%	0.36%
	EMN	B	0.08%	0.28%	0.08%
	EOG	D	0.2%	0.27%	0.2%
	EQIX	B	0.08%	0.33%	0.08%
	EQR	C	0.06%	0.23%	0.06%
	EQT	D	0.03%	0.26%	0.03%
	ESS	C	0.04%	0.4%	0.04%
	ETN	C	0.21%	0.36%	0.21%
	ETR	A	0.11%	0.43%	0.11%
	EVRG	B	0.07%	0.36%	0.07%
	EXC	B	0.18%	0.35%	0.18%
	EXP	B	0.02%	0.18%	0.02%
	F	F	0.31%	0.18%	0.18%
	FANG	D	0.05%	0.3%	0.05%
	FAST	C	0.07%	0.34%	0.07%
	FCNCA	D	0.02%	0.42%	0.02%
	FCX	D	0.13%	0.23%	0.13%
	FE	C	0.1%	0.39%	0.1%
	FITB	B	0.13%	0.27%	0.13%
	FLO	C	0.02%	0.23%	0.02%
	FNF	B	0.07%	0.36%	0.07%
	FYBR	C	0.04%	0.51%	0.04%
	GAP	F	0.04%	0.17%	0.04%
	GD	B	0.23%	0.38%	0.23%
	GEHC	C	0.07%	0.24%	0.07%
	GILD	B	0.35%	0.33%	0.33%
	GIS	B	0.13%	0.4%	0.13%
	GLPI	C	0.02%	0.38%	0.02%
	GNTX	D	0.03%	0.28%	0.03%
	GOOGL	D	1.22%	0.1%	0.1%
	GRMN	D	0.05%	0.4%	0.05%
	GWW	A	0.07%	0.38%	0.07%
	HBAN	B	0.07%	0.27%	0.07%
	HCA	A	0.25%	0.43%	0.25%
	HIG	B	0.15%	0.43%	0.15%
	HOG	C	0.02%	0.03%	0.02%
	HOLX	C	0.04%	0.31%	0.04%
	HPE	D	0.18%	0.23%	0.18%
	HRB	C	0.02%	0.46%	0.02%
	HRL	D	0.03%	0.29%	0.03%
	HST	C	0.04%	0.36%	0.04%
	HUBB	A	0.03%	0.31%	0.03%
	HUM	F	0.21%	0.04%	0.04%
	HUN	D	0.03%	0.25%	0.03%
	IBM	A	0.61%	0.11%	0.11%
	INGR	B	0.05%	0.43%	0.05%
	INTU	C	0.11%	0.34%	0.11%
	IP	C	0.15%	0.34%	0.15%
	IPG	C	0.04%	0.15%	0.04%
	IRM	B	0.08%	0.48%	0.08%
	IT	A	0.03%	0.31%	0.03%
	ITT	B	0.03%	0.21%	0.03%
	ITW	C	0.15%	0.31%	0.15%
	JEF	B	0.05%	0.24%	0.05%
	JLL	B	0.09%	0.45%	0.09%
	JNPR	A	0.05%	0.41%	0.05%
	K	A	0.07%	0.52%	0.07%
	KDP	B	0.08%	0.19%	0.08%
	KEY	B	0.1%	0.05%	0.05%
	KHC	C	0.11%	0.41%	0.11%
	KIM	C	0.03%	0.34%	0.03%
	KLAC	D	0.1%	0.33%	0.1%
	KMB	D	0.11%	0.38%	0.11%
	KMI	A	0.19%	0.33%	0.19%
	KO	B	0.43%	0.43%	0.43%
	KR	C	0.3%	0.41%	0.3%
	KSS	F	0.07%	0.01%	0.01%
	KVUE	C	0.03%	0.41%	0.03%
	LAMR	A	0.02%	0.41%	0.02%
	LEG	D	0.01%	0.03%	0.01%
	LEN	C	0.19%	0.42%	0.19%
	LIN	B	0.35%	0.28%	0.28%
	LLY	C	0.27%	0.4%	0.27%
	LMT	B	0.4%	0.42%	0.4%
	LNG	C	0.05%	0.3%	0.05%
	LOW	A	0.42%	0.35%	0.35%
	LPX	B	0.03%	0.07%	0.03%
	LRCX	F	0.16%	0.25%	0.16%
	LSTR	F	0.02%	0.04%	0.02%
	LW	D	0.01%	0.01%	0.01%
	LYB	F	0.16%	0.36%	0.16%
	M	F	0.05%	0.17%	0.05%
	MAA	C	0.04%	0.23%	0.04%
	MAS	B	0.06%	0.3%	0.06%
	MCK	F	0.1%	0.32%	0.1%
	MDLZ	C	0.23%	0.42%	0.23%
	MDT	C	0.27%	0.26%	0.26%
	META	A	1.85%	0.39%	0.39%
	MMC	C	0.15%	0.38%	0.15%
	MNST	D	0.04%	0.33%	0.04%
	MO	C	0.39%	0.44%	0.39%
	MOH	D	0.05%	0.16%	0.05%
	MOS	F	0.05%	0.15%	0.05%
	MPC	D	0.41%	0.35%	0.35%
	MRK	D	0.51%	0.32%	0.32%
	MRO	C	0.08%	0.28%	0.08%
	MSFT	C	2.54%	0.35%	0.35%
	MSI	B	0.06%	0.44%	0.06%
	MSM	D	0.01%	0.23%	0.01%
	MTG	B	0.03%	0.36%	0.03%
	NEM	B	0.19%	0.23%	0.19%
	NFG	B	0.02%	0.31%	0.02%
	NI	B	0.05%	0.42%	0.05%
	NKE	D	0.18%	0.07%	0.07%
	NTAP	D	0.08%	0.31%	0.08%
	NUE	F	0.18%	0.28%	0.18%
	NVDA	D	0.38%	0.34%	0.34%
	NVR	B	0.08%	0.44%	0.08%
	NXST	D	0.03%	0.35%	0.03%
	OC	D	0.06%	0.28%	0.06%
	OGE	B	0.03%	0.36%	0.03%
	OLN	D	0.03%	0.26%	0.03%
	OMF	D	0.05%	0.17%	0.05%
	ORCL	B	0.47%	0.38%	0.38%
	ORI	B	0.05%	0.29%	0.05%
	ORLY	D	0.1%	0.36%	0.1%
	OTIS	C	0.05%	0.07%	0.05%
	OXY	F	0.11%	0.09%	0.09%
	PAG	D	0.02%	0.3%	0.02%
	PCAR	D	0.13%	0.05%	0.05%
	PCG	B	0.03%	0.38%	0.03%
	PEG	A	0.11%	0.43%	0.11%
	PEP	D	0.45%	0.4%	0.4%
	PFE	C	0.75%	0.23%	0.23%
	PFG	B	0.08%	0.1%	0.08%
	PFGC	B	0.05%	0.4%	0.05%
	PG	C	0.84%	0.39%	0.39%
	PGR	A	0.26%	0.46%	0.26%
	PH	A	0.12%	0.33%	0.12%
	PHM	B	0.13%	0.44%	0.13%
	PK	D	0.02%	0.21%	0.02%
	PKG	B	0.07%	0.27%	0.07%
	PLD	C	0.08%	0.21%	0.08%
	PM	C	0.51%	0.46%	0.46%
	PNW	B	0.04%	0.42%	0.04%
	POST	C	0.02%	0.42%	0.02%
	PPL	B	0.11%	0.42%	0.11%
	PRU	C	0.23%	0.09%	0.09%
	PSA	B	0.06%	0.39%	0.06%
	PSX	D	0.36%	0.33%	0.33%
	PWR	B	0.06%	0.37%	0.06%
	QCOM	F	0.47%	0.21%	0.21%
	R	B	0.06%	0.14%	0.06%
	REG	C	0.03%	0.41%	0.03%
	REGN	C	0.16%	0.41%	0.16%
	RF	B	0.08%	0.08%	0.08%
	RGA	B	0.04%	0.16%	0.04%
	RHI	D	0.03%	0.17%	0.03%
	ROST	C	0.08%	0.26%	0.08%
	RPM	B	0.04%	0.26%	0.04%
	RS	D	0.08%	0.34%	0.08%
	RSG	D	0.07%	0.4%	0.07%
	SAIC	C	0.03%	0.09%	0.03%
	SCI	C	0.03%	0.18%	0.03%
	SJM	C	0.06%	0.25%	0.06%
	SLM	D	0.04%	0.09%	0.04%
	SNX	D	0.02%	0.22%	0.02%
	SO	A	0.29%	0.42%	0.29%
	SON	D	0.03%	0.01%	0.01%
	SPG	A	0.11%	0.41%	0.11%
	SRE	B	0.12%	0.36%	0.12%
	SSNC	B	0.04%	0.04%	0.04%
	STE	C	0.03%	0.29%	0.03%
	STLD	D	0.09%	0.3%	0.09%
	STT	B	0.09%	0.12%	0.09%
	STWD	B	0.02%	0.18%	0.02%
	STZ	D	0.08%	0.36%	0.08%
	SWKS	F	0.05%	0.16%	0.05%
	SYF	C	0.27%	0.37%	0.27%
	SYK	C	0.13%	0.29%	0.13%
	SYY	D	0.1%	0.41%	0.1%
	T	C	1.37%	0.46%	0.46%
	TAP	D	0.05%	0.41%	0.05%
	TGT	C	0.37%	0.24%	0.24%
	THC	B	0.08%	0.19%	0.08%
	TJX	C	0.24%	0.35%	0.24%
	TKR	D	0.02%	0.2%	0.02%
	TMO	C	0.29%	0.18%	0.18%
	TMUS	C	0.24%	0.43%	0.24%
	TNL	D	0.01%	0.05%	0.01%
	TOL	B	0.06%	0.45%	0.06%
	TRGP	B	0.06%	0.46%	0.06%
	TSCO	C	0.06%	0.37%	0.06%
	TSN	D	0.2%	0.3%	0.2%
	UGI	C	0.04%	0.24%	0.04%
	UHS	B	0.1%	0.43%	0.1%
	UNH	C	1.25%	0.37%	0.37%
	UNM	B	0.05%	0.41%	0.05%
	UNP	C	0.4%	0.3%	0.3%
	USB	B	0.3%	0.1%	0.1%
	USFD	B	0.07%	0.43%	0.07%
	VICI	C	0.02%	0.37%	0.02%
	VLO	F	0.38%	0.32%	0.32%
	VRTX	D	0.08%	0.37%	0.08%
	VST	A	0.11%	0.34%	0.11%
	VTR	C	0.09%	0.27%	0.09%
	VTRS	D	0.1%	0.22%	0.1%
	VZ	B	1.32%	0.41%	0.41%
	WEC	B	0.08%	0.36%	0.08%
	WELL	C	0.11%	0.42%	0.11%
	WLK	D	0.02%	0.34%	0.02%
	WM	D	0.15%	0.38%	0.15%
	WMB	B	0.15%	0.34%	0.15%
	WPC	C	0.02%	0.26%	0.02%
	WRB	C	0.04%	0.12%	0.04%
	WSM	D	0.05%	0.34%	0.05%
	WST	D	0.02%	0.24%	0.02%
	WU	D	0.04%	0.13%	0.04%
	WY	C	0.09%	0.34%	0.09%
	X	D	0.07%	0.28%	0.07%
	XEL	B	0.12%	0.37%	0.12%
	XOM	D	1.92%	0.38%	0.38%
	ZTS	C	0.08%	0.32%	0.08%

FNDX Overweight 407 Positions Relative to JPUS

	Symbol	Grade	Weight
	JPM	D	1.94%
	WMT	B	1.51%
	AMZN	C	1.42%
	GOOG	D	1.06%
	WFC	D	1.06%
	C	D	1.04%
	JNJ	C	1.0%
	HD	A	0.78%
	COST	B	0.73%
	GM	B	0.69%
	INTC	F	0.6%
	LUMN	C	0.57%
	GS	C	0.56%
	MMM	A	0.4%
	RTX	C	0.37%
	AXP	B	0.37%
	DIS	D	0.37%
	V	C	0.35%
	MS	C	0.35%
	MU	F	0.35%
	MCD	B	0.34%
	HON	D	0.34%
	TXN	C	0.34%
	FDX	F	0.32%
	TRV	B	0.3%
	PNC	A	0.29%
	NEE	C	0.29%
	ALL	B	0.29%
	AIG	D	0.28%
	MA	B	0.28%
	SBUX	C	0.27%
	BLK	B	0.26%
	MET	A	0.26%
	BK	A	0.26%
	CNC	C	0.25%
	UPS	F	0.25%
	DE	B	0.22%
	TFC	D	0.22%
	NSC	C	0.21%
	NOC	A	0.21%
	HPQ	D	0.2%
	TSLA	C	0.19%
	PYPL	B	0.19%
	EBAY	B	0.19%
	GE	A	0.18%
	DD	B	0.18%
	AEP	C	0.18%
	LHX	C	0.16%
	ADP	B	0.15%
	EMR	D	0.15%
	NFLX	B	0.15%
	JCI	B	0.15%
	SPGI	A	0.15%
	WBA	F	0.14%
	GLW	B	0.14%
	BKR	C	0.14%
	BA	F	0.14%
	AMT	C	0.14%
	AON	B	0.13%
	OKE	B	0.13%
	ICE	C	0.13%
	FIS	B	0.13%
	WDC	D	0.13%
	CRM	D	0.12%
	URI	B	0.12%
	NRG	A	0.11%
	TEL	D	0.11%
	SW	C	0.11%
	SLB	F	0.11%
	BX	B	0.11%
	KKR	A	0.11%
	TROW	D	0.11%
	APD	B	0.11%
	STX	C	0.1%
	SCHW	D	0.1%
	BIIB	F	0.1%
	BAX	C	0.09%
	FOXA	B	0.09%
	TT	A	0.09%
	ISRG	C	0.09%
	ES	C	0.09%
	SHW	B	0.09%
	CTAS	C	0.09%
	BSX	B	0.09%
	PARA	F	0.09%
	AMD	D	0.09%
	MTB	A	0.09%
	LDOS	B	0.08%
	NXPI	D	0.08%
	GPN	D	0.08%
	TDG	B	0.08%
	MCO	A	0.08%
	MAR	C	0.08%
	OMC	B	0.08%
	DLR	B	0.08%
	CME	C	0.08%
	YUM	F	0.08%
	SWK	B	0.08%
	DVN	D	0.08%
	ARW	C	0.08%
	PPG	D	0.08%
	DG	F	0.08%
	IQV	D	0.08%
	OGN	D	0.07%
	KMX	D	0.07%
	NTRS	B	0.07%
	WTW	C	0.07%
	CINF	C	0.07%
	AVT	C	0.07%
	CHRW	A	0.07%
	MHK	C	0.07%
	EME	A	0.06%
	CDW	D	0.06%
	HLT	B	0.06%
	HAL	F	0.06%
	WAB	A	0.06%
	WBD	D	0.06%
	CMA	A	0.06%
	VFC	C	0.06%
	A	C	0.06%
	IFF	C	0.06%
	PAYX	C	0.06%
	TXT	D	0.06%
	DOV	B	0.06%
	WHR	C	0.06%
	HWM	B	0.06%
	AES	C	0.06%
	BALL	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%
	TER	D	0.05%
	SFM	B	0.05%
	BWA	D	0.05%
	AWK	C	0.05%
	ODFL	D	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	DXC	C	0.05%
	CCL	C	0.05%
	QRVO	F	0.05%
	JBL	D	0.05%
	AN	D	0.05%
	MAN	C	0.05%
	ZION	D	0.05%
	CPAY	C	0.05%
	L	D	0.05%
	LKQ	F	0.05%
	LAD	C	0.05%
	ROK	F	0.05%
	MGM	D	0.05%
	ROP	C	0.05%
	AJG	D	0.05%
	MCHP	D	0.05%
	LEA	F	0.05%
	FLEX	C	0.05%
	BXP	B	0.05%
	LNC	D	0.05%
	GPC	D	0.05%
	J	C	0.05%
	ZBRA	B	0.04%
	BR	D	0.04%
	HAS	B	0.04%
	MTD	D	0.04%
	DPZ	D	0.04%
	PNR	B	0.04%
	MTH	C	0.04%
	AYI	A	0.04%
	UBER	C	0.04%
	CNO	A	0.04%
	WAT	C	0.04%
	CMG	C	0.04%
	BAP	B	0.04%
	MRVL	C	0.04%
	EL	F	0.04%
	EW	F	0.04%
	EFX	C	0.04%
	TMHC	B	0.04%
	ON	F	0.04%
	XYL	D	0.04%
	THO	D	0.04%
	JXN	B	0.04%
	EXR	B	0.04%
	TPR	C	0.04%
	RMD	C	0.04%
	MKC	C	0.04%
	CCK	A	0.04%
	MRNA	F	0.04%
	BEN	F	0.04%
	PVH	F	0.04%
	KNX	D	0.04%
	EVR	A	0.04%
	DOC	C	0.04%
	RJF	C	0.04%
	SOLV	C	0.04%
	NWSA	D	0.04%
	VMC	D	0.04%
	HSIC	D	0.04%
	MLM	D	0.04%
	JBHT	D	0.04%
	BERY	C	0.04%
	HSY	D	0.04%
	VRSK	D	0.04%
	O	C	0.04%
	APTV	D	0.04%
	ACM	B	0.04%
	LNT	B	0.04%
	FAF	C	0.04%
	IVZ	B	0.04%
	ZIM	C	0.04%
	SNA	C	0.04%
	HES	D	0.04%
	HII	D	0.04%
	DLTR	F	0.04%
	TDS	C	0.04%
	MKL	C	0.04%
	OVV	F	0.04%
	SKX	D	0.03%
	AAP	F	0.03%
	BRO	C	0.03%
	CG	D	0.03%
	CPRI	D	0.03%
	IDXX	D	0.03%
	GDDY	C	0.03%
	CW	A	0.03%
	BC	C	0.03%
	TRMB	C	0.03%
	FLR	D	0.03%
	ILMN	C	0.03%
	UDR	C	0.03%
	EWBC	D	0.03%
	LPLA	F	0.03%
	AVTR	C	0.03%
	FTNT	B	0.03%
	SUI	C	0.03%
	JHG	B	0.03%
	CMC	D	0.03%
	FHN	D	0.03%
	AER	B	0.03%
	SWN	D	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	B	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	A	0.03%
	MLI	B	0.03%
	IR	C	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	ADSK	C	0.03%
	FFIV	B	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	MTZ	B	0.03%
	WCC	D	0.03%
	ARMK	C	0.03%
	GL	C	0.03%
	KBH	B	0.03%
	SANM	D	0.03%
	DECK	D	0.03%
	PANW	C	0.03%
	NDAQ	A	0.03%
	CCEP	B	0.03%
	ARE	C	0.03%
	BURL	C	0.03%
	FTV	C	0.03%
	HBI	B	0.03%
	KEYS	C	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	D	0.03%
	AKAM	D	0.03%
	AMG	C	0.03%
	EPAM	F	0.02%
	OI	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	MIDD	D	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%
	LECO	F	0.02%
	SM	D	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	LULU	D	0.02%
	XRAY	D	0.02%
	PENN	C	0.02%
	PRGO	F	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%
	ANSS	D	0.02%
	TTC	D	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	ALLE	C	0.02%
	FSLR	C	0.02%
	GNRC	D	0.02%
	TPX	C	0.02%
	POR	C	0.02%
	ASGN	D	0.02%
	JWN	B	0.02%
	GGG	C	0.02%
	ALB	F	0.02%
	NDSN	C	0.02%
	MUR	F	0.02%
	UHAL	B	0.02%
	RUSHA	C	0.02%
	ASO	C	0.02%
	XRX	F	0.02%
	EXPD	C	0.02%
	BTU	D	0.02%
	NVT	D	0.02%
	POOL	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%
	AR	D	0.02%
	NOV	D	0.02%
	AXTA	C	0.02%
	TFX	C	0.02%
	ABG	D	0.02%
	ATR	B	0.02%
	IEX	D	0.02%
	LUV	C	0.02%
	BJ	D	0.02%
	JKHY	C	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	B	0.02%
	CTLT	B	0.02%
	CPRT	D	0.02%
	BBWI	F	0.02%
	PRI	B	0.02%
	SEIC	C	0.02%
	TDY	C	0.02%
	G	C	0.02%
	NSIT	C	0.02%
	EHC	B	0.02%
	SEE	D	0.02%
	ALV	F	0.02%
	SNV	C	0.02%
	THG	C	0.02%
	TTWO	D	0.02%
	HTZ	F	0.01%
	ALK	C	0.01%
	CNXC	F	0.01%
	COHR	B	0.01%
	MATX	C	0.01%
	DELL	C	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	D	0.01%
	CRL	F	0.01%
	VRSN	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	JAZZ	D	0.01%
	WTRG	D	0.01%
	VAC	F	0.01%
	MMS	C	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 43 Positions Relative to JPUS

	Symbol	Grade	Weight
	OHI	C	-0.45%
	CUBE	B	-0.43%
	CLH	A	-0.41%
	ROKU	C	-0.38%
	UTHR	C	-0.37%
	AM	B	-0.37%
	SCCO	D	-0.35%
	ESI	D	-0.27%
	SPB	B	-0.27%
	STAG	D	-0.26%
	NNN	C	-0.21%
	SAM	F	-0.2%
	MEDP	D	-0.2%
	CELH	F	-0.2%
	XP	D	-0.19%
	EPR	B	-0.19%
	NEU	D	-0.18%
	CNM	F	-0.17%
	FR	C	-0.17%
	KRC	B	-0.15%
	ASH	D	-0.15%
	HIW	B	-0.15%
	COKE	C	-0.13%
	BRBR	C	-0.12%
	VIRT	C	-0.12%
	FRT	C	-0.1%
	VVV	D	-0.1%
	UI	A	-0.1%
	PPC	D	-0.09%
	IDA	C	-0.09%
	LOPE	D	-0.08%
	CSGP	D	-0.08%
	IRDM	D	-0.07%
	EGP	C	-0.07%
	DLB	D	-0.06%
	RRC	D	-0.05%
	DTM	A	-0.05%
	CWEN	B	-0.05%
	AGO	C	-0.04%
	VLTO	B	-0.04%
	FTRE	D	-0.03%
	LBRDK	F	-0.03%
	GO	F	-0.01%

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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Drug Manufacturers - Major REIT - Diversified REIT - Retail Beverages - Soft Drinks Communication Equipment Credit Services Diversified Industrials Health Care Plans Household & Personal Products Information Technology Services REIT - Industrial Specialty Retail Utilities - Diversified Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Mining Chemical Bank Dow Jones Component Computing Medicine Plastic Real Estate Market Telecommunications Banking Broadband Insurance Products Petroleum Industry