FNDX vs. JVAL ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to JPMorgan U.S. Value Factor ETF (JVAL)

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

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$45.23

Average Daily Volume

59,043

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	JVAL
30 Days	3.67%	4.55%
60 Days	4.58%	4.91%
90 Days	6.53%	6.18%
12 Months	29.67%	29.11%

289 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in JVAL	Overlap
	AAP	C	0.03%	0.1%	0.03%
	AAPL	C	4.35%	1.87%	1.87%
	ACI	C	0.03%	0.17%	0.03%
	ADI	D	0.13%	0.54%	0.13%
	ADM	D	0.21%	0.24%	0.21%
	AGCO	D	0.03%	0.17%	0.03%
	AIG	B	0.28%	0.36%	0.28%
	AKAM	D	0.03%	0.21%	0.03%
	AL	B	0.02%	0.05%	0.02%
	ALLY	C	0.1%	0.21%	0.1%
	ALSN	B	0.05%	0.29%	0.05%
	AMAT	F	0.24%	0.7%	0.24%
	AMCR	D	0.03%	0.22%	0.03%
	AMGN	D	0.39%	0.65%	0.39%
	AN	C	0.05%	0.2%	0.05%
	ANSS	B	0.02%	0.19%	0.02%
	APH	A	0.09%	0.51%	0.09%
	APTV	D	0.02%	0.12%	0.02%
	ARMK	B	0.03%	0.13%	0.03%
	ARW	D	0.08%	0.19%	0.08%
	AVGO	D	0.61%	1.92%	0.61%
	AVT	C	0.07%	0.21%	0.07%
	AYI	B	0.04%	0.2%	0.04%
	BAC	A	1.3%	0.45%	0.45%
	BAX	D	0.07%	0.13%	0.07%
	BBWI	D	0.03%	0.12%	0.03%
	BBY	D	0.16%	0.23%	0.16%
	BC	C	0.03%	0.21%	0.03%
	BDX	F	0.11%	0.06%	0.06%
	BEN	C	0.04%	0.14%	0.04%
	BERY	B	0.04%	0.19%	0.04%
	BG	F	0.1%	0.14%	0.1%
	BK	A	0.26%	0.4%	0.26%
	BLDR	D	0.06%	0.25%	0.06%
	BMY	B	0.45%	0.51%	0.45%
	BPOP	B	0.02%	0.21%	0.02%
	BRX	A	0.02%	0.01%	0.01%
	BWA	D	0.05%	0.16%	0.05%
	C	A	1.1%	0.65%	0.65%
	CACI	D	0.03%	0.26%	0.03%
	CAG	D	0.06%	0.2%	0.06%
	CAT	B	0.41%	0.85%	0.41%
	CCK	C	0.04%	0.22%	0.04%
	CDW	F	0.04%	0.24%	0.04%
	CE	F	0.03%	0.04%	0.03%
	CF	B	0.07%	0.06%	0.06%
	CFG	B	0.1%	0.28%	0.1%
	CI	F	0.48%	0.47%	0.47%
	CLF	F	0.03%	0.02%	0.02%
	CMA	A	0.07%	0.23%	0.07%
	CMCSA	B	0.83%	0.49%	0.49%
	CMI	A	0.19%	0.4%	0.19%
	CNC	D	0.19%	0.2%	0.19%
	CNH	C	0.02%	0.18%	0.02%
	CNXC	F	0.01%	0.11%	0.01%
	COF	B	0.48%	0.48%	0.48%
	CPB	D	0.03%	0.17%	0.03%
	CPRI	F	0.01%	0.01%	0.01%
	CRBG	B	0.04%	0.18%	0.04%
	CRI	D	0.01%	0.15%	0.01%
	CRM	B	0.15%	1.33%	0.15%
	CSCO	B	0.82%	0.77%	0.77%
	CTRA	B	0.03%	0.24%	0.03%
	CTSH	B	0.19%	0.33%	0.19%
	CVS	D	0.68%	0.4%	0.4%
	CVX	A	1.25%	0.74%	0.74%
	D	C	0.17%	0.09%	0.09%
	DAL	C	0.03%	0.27%	0.03%
	DBX	B	0.01%	0.24%	0.01%
	DD	D	0.17%	0.31%	0.17%
	DELL	C	0.03%	0.36%	0.03%
	DG	F	0.08%	0.14%	0.08%
	DGX	A	0.07%	0.25%	0.07%
	DHI	D	0.16%	0.32%	0.16%
	DINO	D	0.05%	0.16%	0.05%
	DKS	C	0.04%	0.21%	0.04%
	DOV	A	0.06%	0.3%	0.06%
	DOW	F	0.18%	0.22%	0.18%
	DOX	D	0.04%	0.22%	0.04%
	DRI	B	0.05%	0.23%	0.05%
	DVN	F	0.09%	0.13%	0.09%
	DXC	B	0.05%	0.16%	0.05%
	EBAY	D	0.17%	0.3%	0.17%
	ED	D	0.12%	0.28%	0.12%
	EHC	B	0.02%	0.15%	0.02%
	ELV	F	0.36%	0.45%	0.36%
	EPAM	C	0.02%	0.27%	0.02%
	EQR	B	0.05%	0.04%	0.04%
	ETR	B	0.12%	0.33%	0.12%
	EVRG	A	0.07%	0.24%	0.07%
	EXC	C	0.17%	0.21%	0.17%
	F	C	0.33%	0.34%	0.33%
	FAF	A	0.04%	0.19%	0.04%
	FANG	D	0.05%	0.06%	0.05%
	FBIN	D	0.04%	0.12%	0.04%
	FDX	B	0.32%	0.41%	0.32%
	FFIV	B	0.03%	0.27%	0.03%
	FHN	A	0.03%	0.19%	0.03%
	FIS	C	0.12%	0.14%	0.12%
	FITB	A	0.13%	0.32%	0.13%
	FMC	D	0.03%	0.12%	0.03%
	FOXA	B	0.1%	0.25%	0.1%
	G	B	0.03%	0.14%	0.03%
	GAP	C	0.04%	0.19%	0.04%
	GD	F	0.21%	0.38%	0.21%
	GDDY	A	0.03%	0.32%	0.03%
	GEN	B	0.04%	0.27%	0.04%
	GILD	C	0.37%	0.52%	0.37%
	GIS	D	0.11%	0.26%	0.11%
	GLPI	C	0.02%	0.13%	0.02%
	GLW	B	0.14%	0.33%	0.14%
	GM	B	0.79%	0.44%	0.44%
	GNTX	C	0.03%	0.18%	0.03%
	GOOGL	C	1.33%	2.17%	1.33%
	GPC	D	0.05%	0.19%	0.05%
	GPK	C	0.03%	0.21%	0.03%
	GPN	B	0.09%	0.19%	0.09%
	GRMN	B	0.03%	0.33%	0.03%
	HBAN	A	0.08%	0.3%	0.08%
	HD	A	0.8%	0.82%	0.8%
	HII	D	0.03%	0.16%	0.03%
	HOG	D	0.02%	0.17%	0.02%
	HPE	B	0.21%	0.32%	0.21%
	HPQ	B	0.21%	0.32%	0.21%
	HRB	D	0.01%	0.2%	0.01%
	HRL	D	0.03%	0.1%	0.03%
	HSIC	B	0.04%	0.06%	0.04%
	HST	C	0.04%	0.14%	0.04%
	HUM	C	0.19%	0.19%	0.19%
	HUN	F	0.03%	0.03%	0.03%
	IBM	C	0.54%	0.84%	0.54%
	INGR	B	0.05%	0.15%	0.05%
	INTC	D	0.89%	0.6%	0.6%
	INTU	C	0.11%	0.81%	0.11%
	IP	B	0.17%	0.26%	0.17%
	IPG	D	0.04%	0.17%	0.04%
	IVZ	B	0.05%	0.18%	0.05%
	JAZZ	B	0.01%	0.13%	0.01%
	JBL	B	0.06%	0.29%	0.06%
	JCI	C	0.16%	0.42%	0.16%
	JEF	A	0.06%	0.28%	0.06%
	JHG	A	0.03%	0.2%	0.03%
	JNJ	D	0.89%	1.22%	0.89%
	JWN	C	0.01%	0.15%	0.01%
	KBR	F	0.02%	0.24%	0.02%
	KEY	B	0.1%	0.22%	0.1%
	KHC	F	0.09%	0.26%	0.09%
	KIM	A	0.03%	0.23%	0.03%
	KLAC	D	0.08%	0.46%	0.08%
	KMI	A	0.23%	0.39%	0.23%
	KR	B	0.3%	0.32%	0.3%
	KSS	F	0.06%	0.17%	0.06%
	LAD	A	0.07%	0.24%	0.07%
	LDOS	C	0.07%	0.32%	0.07%
	LEA	D	0.05%	0.13%	0.05%
	LEG	F	0.02%	0.11%	0.02%
	LEN	D	0.16%	0.3%	0.16%
	LH	C	0.09%	0.16%	0.09%
	LHX	C	0.16%	0.31%	0.16%
	LKQ	D	0.05%	0.16%	0.05%
	LNC	B	0.05%	0.08%	0.05%
	LPX	B	0.04%	0.12%	0.04%
	LRCX	F	0.15%	0.51%	0.15%
	LVS	C	0.04%	0.15%	0.04%
	LYB	F	0.14%	0.23%	0.14%
	M	D	0.06%	0.18%	0.06%
	MAN	D	0.04%	0.17%	0.04%
	MCHP	D	0.05%	0.28%	0.05%
	MDT	D	0.16%	0.51%	0.16%
	MDU	D	0.02%	0.13%	0.02%
	META	D	1.79%	2.12%	1.79%
	MGM	D	0.06%	0.18%	0.06%
	MO	A	0.37%	0.5%	0.37%
	MOS	F	0.06%	0.21%	0.06%
	MPC	D	0.4%	0.36%	0.36%
	MPW	F	0.02%	0.09%	0.02%
	MRK	F	0.42%	0.66%	0.42%
	MRO	B	0.09%	0.25%	0.09%
	MRVL	B	0.04%	0.48%	0.04%
	MSFT	F	2.43%	1.78%	1.78%
	MSM	C	0.01%	0.2%	0.01%
	MTB	A	0.11%	0.27%	0.11%
	MTG	C	0.02%	0.2%	0.02%
	MTN	C	0.02%	0.08%	0.02%
	MU	D	0.38%	0.42%	0.38%
	MUSA	A	0.04%	0.16%	0.04%
	NFG	A	0.02%	0.2%	0.02%
	NTAP	C	0.07%	0.27%	0.07%
	NUE	C	0.19%	0.31%	0.19%
	NVR	D	0.08%	0.2%	0.08%
	NVT	B	0.02%	0.04%	0.02%
	NWL	B	0.03%	0.12%	0.03%
	NWSA	B	0.04%	0.23%	0.04%
	NXST	C	0.03%	0.21%	0.03%
	OC	A	0.07%	0.26%	0.07%
	OGE	B	0.03%	0.23%	0.03%
	OGN	D	0.04%	0.06%	0.04%
	OMC	C	0.08%	0.25%	0.08%
	OMF	A	0.06%	0.21%	0.06%
	ON	D	0.04%	0.28%	0.04%
	ORCL	B	0.5%	1.24%	0.5%
	ORI	A	0.05%	0.23%	0.05%
	OSK	B	0.04%	0.22%	0.04%
	OVV	B	0.06%	0.19%	0.06%
	PAG	B	0.02%	0.18%	0.02%
	PARA	C	0.11%	0.12%	0.11%
	PCAR	B	0.15%	0.39%	0.15%
	PFE	D	0.68%	0.65%	0.65%
	PFG	D	0.09%	0.25%	0.09%
	PH	A	0.13%	0.15%	0.13%
	PHM	D	0.11%	0.27%	0.11%
	PII	D	0.02%	0.09%	0.02%
	PK	B	0.02%	0.14%	0.02%
	PKG	A	0.07%	0.29%	0.07%
	PM	B	0.48%	0.52%	0.48%
	PNC	B	0.3%	0.13%	0.13%
	PNR	A	0.04%	0.29%	0.04%
	PNW	B	0.04%	0.22%	0.04%
	POOL	C	0.02%	0.13%	0.02%
	POST	C	0.02%	0.12%	0.02%
	PPL	B	0.11%	0.27%	0.11%
	PRGO	B	0.01%	0.1%	0.01%
	PRU	A	0.22%	0.35%	0.22%
	PSX	C	0.36%	0.37%	0.36%
	PVH	C	0.04%	0.16%	0.04%
	QCOM	F	0.43%	0.79%	0.43%
	QRVO	F	0.03%	0.14%	0.03%
	R	B	0.07%	0.26%	0.07%
	REG	B	0.02%	0.12%	0.02%
	RF	A	0.09%	0.26%	0.09%
	RGA	A	0.04%	0.09%	0.04%
	RHI	B	0.04%	0.19%	0.04%
	RL	B	0.03%	0.22%	0.03%
	ROP	B	0.05%	0.4%	0.05%
	RS	B	0.09%	0.26%	0.09%
	RTX	C	0.34%	0.48%	0.34%
	RVTY	F	0.03%	0.14%	0.03%
	SAIC	F	0.02%	0.23%	0.02%
	SCI	B	0.03%	0.24%	0.03%
	SEE	C	0.03%	0.09%	0.03%
	SJM	D	0.05%	0.14%	0.05%
	SNA	A	0.06%	0.31%	0.06%
	SNV	B	0.03%	0.23%	0.03%
	SNX	C	0.03%	0.22%	0.03%
	SOLV	C	0.02%	0.05%	0.02%
	SON	D	0.02%	0.12%	0.02%
	SPG	B	0.1%	0.32%	0.1%
	SSNC	B	0.04%	0.24%	0.04%
	ST	F	0.02%	0.18%	0.02%
	STT	A	0.1%	0.29%	0.1%
	STWD	C	0.02%	0.17%	0.02%
	SWK	D	0.07%	0.12%	0.07%
	SWKS	F	0.04%	0.2%	0.04%
	SYF	B	0.34%	0.34%	0.34%
	T	A	1.27%	0.65%	0.65%
	TAP	C	0.05%	0.25%	0.05%
	TER	D	0.04%	0.22%	0.04%
	TFC	A	0.23%	0.41%	0.23%
	TFX	F	0.02%	0.07%	0.02%
	TGT	F	0.38%	0.34%	0.34%
	THC	D	0.07%	0.21%	0.07%
	THO	B	0.04%	0.19%	0.04%
	TNL	A	0.01%	0.19%	0.01%
	TOL	B	0.06%	0.25%	0.06%
	TPR	B	0.05%	0.24%	0.05%
	TSN	B	0.2%	0.1%	0.1%
	TXN	C	0.34%	0.82%	0.34%
	TXT	D	0.06%	0.19%	0.06%
	UGI	A	0.04%	0.2%	0.04%
	UHAL	D	0.02%	0.04%	0.02%
	UHS	D	0.08%	0.2%	0.08%
	UNH	C	1.22%	1.77%	1.22%
	UNM	A	0.06%	0.28%	0.06%
	USB	A	0.32%	0.42%	0.32%
	VAC	B	0.02%	0.2%	0.02%
	VFC	C	0.07%	0.08%	0.07%
	VICI	C	0.02%	0.28%	0.02%
	VLO	C	0.39%	0.24%	0.24%
	VOYA	B	0.03%	0.1%	0.03%
	VRSN	F	0.01%	0.14%	0.01%
	VTRS	A	0.1%	0.24%	0.1%
	VZ	C	1.13%	0.2%	0.2%
	WCC	B	0.04%	0.27%	0.04%
	WHR	B	0.08%	0.2%	0.08%
	WPC	D	0.02%	0.12%	0.02%
	WSM	B	0.04%	0.21%	0.04%
	WU	D	0.03%	0.16%	0.03%
	ZBH	C	0.05%	0.17%	0.05%
	ZION	B	0.06%	0.19%	0.06%

FNDX Overweight 432 Positions Relative to JVAL

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	AMZN	C	1.56%
	WMT	A	1.47%
	WFC	A	1.35%
	GOOG	C	1.14%
	PG	A	0.77%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	ABBV	D	0.49%
	COP	C	0.48%
	MS	A	0.46%
	DIS	B	0.45%
	LOW	D	0.43%
	PEP	F	0.41%
	NVDA	C	0.4%
	LMT	D	0.37%
	HON	B	0.37%
	ACN	C	0.36%
	AXP	A	0.36%
	V	A	0.36%
	CHTR	C	0.35%
	KO	D	0.35%
	MMM	D	0.35%
	UNP	C	0.35%
	ABT	B	0.34%
	MCD	D	0.34%
	LIN	D	0.33%
	TRV	B	0.31%
	DUK	C	0.3%
	MA	C	0.29%
	TSLA	B	0.28%
	BLK	C	0.28%
	SBUX	A	0.28%
	UPS	C	0.28%
	ALL	A	0.27%
	DFS	B	0.26%
	MET	A	0.26%
	SO	D	0.26%
	CB	C	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	D	0.24%
	BKNG	A	0.24%
	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%
	AFL	B	0.21%
	NSC	B	0.21%
	ADBE	C	0.2%
	MDLZ	F	0.2%
	NOC	D	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	NKE	D	0.19%
	WMB	A	0.17%
	WBA	F	0.17%
	NFLX	A	0.17%
	EMR	A	0.17%
	AEP	D	0.16%
	VST	B	0.16%
	BKR	B	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	ADP	B	0.15%
	ITW	B	0.15%
	WM	A	0.15%
	GE	D	0.15%
	FCX	D	0.14%
	MMC	B	0.14%
	OKE	A	0.14%
	HIG	B	0.14%
	CL	D	0.13%
	APD	A	0.13%
	SCHW	B	0.13%
	SYK	C	0.13%
	TROW	B	0.13%
	BX	A	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	NEM	D	0.13%
	CBRE	B	0.13%
	FI	A	0.13%
	URI	B	0.13%
	SLB	C	0.12%
	WDC	D	0.12%
	CARR	D	0.12%
	KKR	A	0.12%
	XEL	A	0.12%
	ORLY	B	0.11%
	MCK	B	0.11%
	PEG	A	0.11%
	OXY	D	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	AMT	D	0.11%
	STLD	B	0.11%
	EIX	B	0.1%
	SYY	B	0.1%
	KMB	D	0.1%
	REGN	F	0.1%
	CEG	D	0.1%
	WELL	A	0.1%
	NRG	B	0.1%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	FE	C	0.09%
	BIIB	F	0.09%
	EA	A	0.09%
	CTVA	C	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	WY	D	0.09%
	CCI	D	0.09%
	AMD	F	0.09%
	GEHC	F	0.09%
	EMN	D	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	VTR	C	0.08%
	YUM	B	0.08%
	ES	D	0.08%
	CME	A	0.08%
	GWW	B	0.08%
	PPG	F	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	EQIX	A	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	K	A	0.07%
	IQV	D	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	WTW	B	0.07%
	AEE	A	0.07%
	TRGP	B	0.07%
	MCO	B	0.07%
	STZ	D	0.07%
	CAH	B	0.07%
	PWR	A	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	X	C	0.07%
	ZTS	D	0.07%
	ROST	C	0.07%
	DTE	C	0.07%
	VRTX	F	0.07%
	FAST	B	0.07%
	HES	B	0.06%
	ODFL	B	0.06%
	DVA	B	0.06%
	TSCO	D	0.06%
	CPAY	A	0.06%
	ROK	B	0.06%
	BALL	D	0.06%
	AZO	C	0.06%
	CMS	C	0.06%
	AA	B	0.06%
	MHK	D	0.06%
	LNG	B	0.06%
	CCL	B	0.06%
	FLEX	A	0.06%
	IRM	D	0.06%
	PFGC	B	0.06%
	HLT	A	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	TT	A	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	PAYX	C	0.06%
	WAB	B	0.06%
	TDG	D	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	ACM	A	0.05%
	VNO	B	0.05%
	NI	A	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	IFF	D	0.05%
	L	A	0.05%
	JNPR	F	0.05%
	AES	F	0.05%
	AJG	B	0.05%
	BXP	D	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	CASY	A	0.05%
	MAS	D	0.05%
	J	F	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	BFH	B	0.05%
	PSA	D	0.05%
	KVUE	A	0.05%
	A	D	0.05%
	ANET	C	0.04%
	O	D	0.04%
	UBER	D	0.04%
	BCC	B	0.04%
	EXPE	B	0.04%
	AVY	D	0.04%
	AMG	B	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CMG	B	0.04%
	HSY	F	0.04%
	CNO	A	0.04%
	CLX	B	0.04%
	EXPD	D	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	ATO	A	0.04%
	HOLX	D	0.04%
	CHD	B	0.04%
	AWK	D	0.04%
	EW	C	0.04%
	LNT	A	0.04%
	LPLA	A	0.04%
	KNX	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	JXN	C	0.04%
	EQT	B	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	EXP	A	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	IEX	B	0.03%
	MRNA	F	0.03%
	ACGL	D	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	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%
	FLR	B	0.03%
	STE	F	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	ARE	D	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	TTWO	A	0.03%
	MTD	D	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	CAR	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	APA	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	MAA	B	0.03%
	CG	A	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	OLN	D	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	BAH	F	0.03%
	FTV	C	0.03%
	WSO	A	0.03%
	RMD	C	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%
	MKC	D	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	HUBB	B	0.03%
	BR	A	0.03%
	WLK	D	0.02%
	ODP	F	0.02%
	EG	C	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MATX	C	0.02%
	CHKP	D	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	TTC	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%
	NDSN	B	0.02%
	WST	C	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	B	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	JKHY	D	0.02%
	CPT	B	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	AVTR	F	0.02%
	AOS	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	SUI	D	0.02%
	LAMR	D	0.02%
	UDR	B	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	ATR	B	0.02%
	BJ	A	0.02%
	RUSHA	C	0.02%
	REZI	A	0.02%
	BRO	B	0.02%
	GNRC	B	0.02%
	COR	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	AXTA	A	0.02%
	LUV	C	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CRL	C	0.01%
	ICLR	D	0.01%
	WTRG	B	0.01%
	SPTN	D	0.01%
	CHE	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	BLD	D	0.01%
	CBOE	B	0.01%
	FSLR	F	0.01%
	NOW	A	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	D	0.01%
	FTI	A	0.01%
	XRAY	F	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%

FNDX Underweight 73 Positions Relative to JVAL

	Symbol	Grade	Weight
	APP	B	-0.87%
	VRT	B	-0.43%
	TWLO	A	-0.37%
	PAYC	B	-0.31%
	ZM	B	-0.31%
	WDAY	B	-0.29%
	UAL	A	-0.27%
	UTHR	C	-0.26%
	PEGA	A	-0.25%
	OHI	C	-0.22%
	WAL	B	-0.22%
	GFS	C	-0.21%
	DNB	B	-0.21%
	DLB	B	-0.21%
	FNB	A	-0.21%
	ZI	D	-0.21%
	SLGN	A	-0.21%
	HIW	D	-0.2%
	COLB	A	-0.19%
	DOCU	A	-0.19%
	OLED	D	-0.19%
	AGO	B	-0.19%
	PTC	A	-0.18%
	BYD	C	-0.18%
	MTCH	D	-0.18%
	EPR	D	-0.18%
	WBS	A	-0.17%
	DV	C	-0.17%
	CRUS	D	-0.16%
	AXS	A	-0.16%
	GLOB	B	-0.16%
	KRC	C	-0.15%
	PSN	D	-0.15%
	PB	A	-0.15%
	CXT	B	-0.14%
	CLVT	F	-0.14%
	WEN	D	-0.14%
	IPGP	D	-0.14%
	PATH	C	-0.13%
	OKTA	C	-0.13%
	GTES	A	-0.13%
	OZK	B	-0.13%
	WH	B	-0.13%
	FHB	A	-0.13%
	PR	B	-0.13%
	U	C	-0.12%
	ENTG	D	-0.12%
	CROX	D	-0.11%
	AGNC	D	-0.11%
	PINC	B	-0.11%
	BSY	D	-0.11%
	INFA	D	-0.11%
	RPRX	D	-0.11%
	CUZ	B	-0.11%
	ADTN	A	-0.11%
	TDC	D	-0.11%
	CWEN	C	-0.1%
	CIVI	D	-0.1%
	SIRI	C	-0.1%
	AGR	B	-0.1%
	IAC	D	-0.1%
	SNDR	B	-0.1%
	COLM	B	-0.1%
	SPB	C	-0.1%
	DDS	B	-0.1%
	NNN	D	-0.1%
	PPC	C	-0.09%
	BOKF	B	-0.09%
	FTRE	D	-0.07%
	AMKR	D	-0.07%
	DT	C	-0.06%
	ALGM	D	-0.0%
	LOPE	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

JVAL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Semiconductors Information Technology Services Packaged Foods Packaging & Containers Software - Infrastructure Asset Management Oil & Gas E&P Diversified Industrials Semiconductor Equipment & Materials Specialty Retail Utilities - Regulated Electric Apparel Manufacturing Auto Parts Drug Manufacturers - Major Health Care Plans Internet Content & Information REIT - Retail REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Bank Banking Electronics Insurance Semiconductor Natural Gas Telecommunications Cloud Computing Dow Jones Component Integrated Circuits Aerospace Cash Management Financial Products Real Estate Investment Trust Commercial Banking Electricity Chemical