FNDX vs. NZUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR MSCI USA Climate Paris Aligned ETF (NZUS)

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

$71.07

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

NZUS

SPDR MSCI USA Climate Paris Aligned ETF

NZUS Description

SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Index, by using representative sampling technique. It does not invest in stocks of companies operating across cluster bombs, landmines, depleted uranium, chemical or biological weapons, blinding laser weapons, non-detectable fragments or incendiary weapons, tobacco, mining of thermal coal, oil and gas related activities, including distribution / retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, thermal coal based, liquid fuel based and natural gas based power generation sectors. SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

428

Number of Holdings ^*

246

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	NZUS
30 Days	3.09%	2.59%
60 Days	4.23%	5.16%
90 Days	6.97%	6.29%
12 Months	26.34%	32.47%

206 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in NZUS	Overlap
	A	C	0.06%	0.1%	0.06%
	AAPL	C	4.51%	6.79%	4.51%
	ABBV	C	0.6%	0.68%	0.6%
	ACGL	C	0.05%	0.29%	0.05%
	ACM	B	0.04%	0.53%	0.04%
	ACN	C	0.34%	0.64%	0.34%
	ADBE	F	0.22%	0.61%	0.22%
	ADI	C	0.13%	0.67%	0.13%
	ADP	B	0.15%	0.09%	0.09%
	ADSK	C	0.03%	0.25%	0.03%
	AFG	B	0.05%	0.17%	0.05%
	AFL	C	0.23%	0.58%	0.23%
	AJG	D	0.05%	0.11%	0.05%
	ALGN	D	0.02%	0.04%	0.02%
	ALL	B	0.29%	0.14%	0.14%
	ALLE	B	0.02%	0.26%	0.02%
	AMD	D	0.09%	0.63%	0.09%
	AME	C	0.05%	0.49%	0.05%
	AMGN	B	0.48%	0.33%	0.33%
	AMP	A	0.12%	0.03%	0.03%
	AMT	C	0.14%	0.31%	0.14%
	AMZN	C	1.42%	3.41%	1.42%
	ANET	B	0.04%	0.07%	0.04%
	ANSS	D	0.02%	0.06%	0.02%
	AON	B	0.13%	0.18%	0.13%
	AOS	D	0.03%	0.05%	0.03%
	APH	D	0.09%	0.18%	0.09%
	APO	C	0.03%	0.17%	0.03%
	ARE	C	0.03%	0.54%	0.03%
	AVB	B	0.06%	0.48%	0.06%
	AVGO	C	0.68%	1.67%	0.68%
	AVTR	B	0.03%	0.04%	0.03%
	AWK	B	0.05%	0.62%	0.05%
	AXP	B	0.37%	0.37%	0.37%
	BAC	D	1.22%	0.01%	0.01%
	BAH	C	0.04%	0.04%	0.04%
	BAX	C	0.09%	0.01%	0.01%
	BDX	D	0.11%	0.1%	0.1%
	BIIB	F	0.1%	0.07%	0.07%
	BK	B	0.26%	0.2%	0.2%
	BLK	B	0.26%	0.11%	0.11%
	BMY	C	0.35%	0.32%	0.32%
	BRO	C	0.03%	0.21%	0.03%
	BSX	B	0.09%	0.28%	0.09%
	BX	B	0.11%	0.21%	0.11%
	BXP	B	0.05%	0.49%	0.05%
	CB	B	0.29%	0.41%	0.29%
	CBOE	C	0.02%	0.12%	0.02%
	CHD	D	0.04%	0.21%	0.04%
	CHTR	D	0.32%	0.12%	0.12%
	CINF	B	0.07%	0.13%	0.07%
	CMCSA	D	0.75%	0.22%	0.22%
	CME	C	0.08%	0.31%	0.08%
	CMG	C	0.04%	0.16%	0.04%
	CPRT	D	0.02%	0.15%	0.02%
	CRM	D	0.12%	0.68%	0.12%
	CSCO	C	0.73%	0.77%	0.73%
	CSX	D	0.21%	0.01%	0.01%
	CTAS	B	0.09%	0.19%	0.09%
	CTLT	B	0.02%	0.04%	0.02%
	DFS	B	0.21%	0.06%	0.06%
	DGX	B	0.07%	0.03%	0.03%
	DHR	B	0.17%	0.62%	0.17%
	DIS	D	0.37%	0.37%	0.37%
	DLR	B	0.08%	1.6%	0.08%
	DOC	C	0.04%	0.49%	0.04%
	EBAY	B	0.19%	0.19%	0.19%
	ECL	B	0.09%	0.16%	0.09%
	EFX	B	0.04%	0.12%	0.04%
	EIX	C	0.11%	1.32%	0.11%
	EL	F	0.04%	0.04%	0.04%
	ELV	C	0.5%	0.3%	0.3%
	EPAM	F	0.02%	0.01%	0.01%
	EQIX	C	0.08%	0.89%	0.08%
	EQR	B	0.06%	0.11%	0.06%
	ESS	B	0.04%	0.48%	0.04%
	ETN	C	0.21%	0.1%	0.1%
	EW	F	0.04%	0.19%	0.04%
	EXR	B	0.04%	0.06%	0.04%
	FAST	C	0.07%	0.21%	0.07%
	FFIV	B	0.03%	0.15%	0.03%
	FOXA	B	0.09%	0.03%	0.03%
	FSLR	C	0.02%	0.79%	0.02%
	FTNT	C	0.03%	0.1%	0.03%
	FTV	C	0.03%	0.37%	0.03%
	GGG	C	0.02%	0.1%	0.02%
	GILD	B	0.35%	0.03%	0.03%
	GOOG	D	1.06%	2.16%	1.06%
	GOOGL	D	1.22%	1.11%	1.11%
	GRMN	D	0.05%	0.22%	0.05%
	GWW	B	0.07%	0.04%	0.04%
	HD	B	0.78%	0.9%	0.78%
	HIG	B	0.15%	0.18%	0.15%
	HLT	B	0.06%	0.03%	0.03%
	HOLX	B	0.04%	0.09%	0.04%
	HSY	C	0.04%	0.34%	0.04%
	HUM	F	0.21%	0.1%	0.1%
	IBM	B	0.61%	1.35%	0.61%
	ICE	C	0.13%	0.29%	0.13%
	IDXX	C	0.03%	0.16%	0.03%
	IEX	D	0.02%	0.24%	0.02%
	ILMN	C	0.03%	0.06%	0.03%
	INTC	F	0.6%	0.26%	0.26%
	INTU	C	0.11%	0.61%	0.11%
	IQV	C	0.08%	0.03%	0.03%
	IR	C	0.03%	0.04%	0.03%
	ISRG	B	0.09%	0.37%	0.09%
	ITW	C	0.15%	0.35%	0.15%
	JNJ	C	1.0%	1.04%	1.0%
	JNPR	B	0.05%	0.33%	0.05%
	JPM	D	1.94%	1.16%	1.16%
	KDP	B	0.08%	0.09%	0.08%
	KEYS	C	0.03%	0.12%	0.03%
	KIM	C	0.03%	0.09%	0.03%
	KKR	B	0.11%	0.16%	0.11%
	KLAC	D	0.1%	0.26%	0.1%
	LLY	C	0.27%	2.06%	0.27%
	LOW	B	0.42%	0.05%	0.05%
	LULU	D	0.02%	0.08%	0.02%
	MA	B	0.28%	1.25%	0.28%
	MCD	B	0.34%	1.0%	0.34%
	MCO	B	0.08%	0.61%	0.08%
	MDT	C	0.27%	0.32%	0.27%
	MET	B	0.26%	0.12%	0.12%
	META	B	1.85%	2.45%	1.85%
	MKC	C	0.04%	0.01%	0.01%
	MKL	C	0.04%	0.12%	0.04%
	MMC	C	0.15%	0.35%	0.15%
	MNST	D	0.04%	0.14%	0.04%
	MRK	D	0.51%	0.83%	0.51%
	MRNA	F	0.04%	0.01%	0.01%
	MRVL	C	0.04%	0.26%	0.04%
	MSFT	C	2.54%	7.14%	2.54%
	MSI	B	0.06%	0.49%	0.06%
	MTB	B	0.09%	0.07%	0.07%
	MTD	D	0.04%	0.38%	0.04%
	NDAQ	A	0.03%	0.12%	0.03%
	NEM	B	0.19%	0.12%	0.12%
	NFLX	B	0.15%	0.71%	0.15%
	NKE	D	0.18%	0.08%	0.08%
	NOW	B	0.01%	0.84%	0.01%
	NTRS	A	0.07%	0.08%	0.07%
	NVDA	D	0.38%	6.52%	0.38%
	O	C	0.04%	0.21%	0.04%
	ODFL	D	0.05%	0.18%	0.05%
	ORCL	C	0.47%	0.77%	0.47%
	PANW	D	0.03%	0.05%	0.03%
	PAYX	C	0.06%	0.14%	0.06%
	PFE	C	0.75%	0.3%	0.3%
	PGR	B	0.26%	0.37%	0.26%
	PLD	C	0.08%	0.87%	0.08%
	PNR	B	0.04%	0.44%	0.04%
	PSA	B	0.06%	0.24%	0.06%
	PYPL	B	0.19%	0.17%	0.17%
	QCOM	D	0.47%	0.46%	0.46%
	REGN	C	0.16%	0.32%	0.16%
	RMD	C	0.04%	0.15%	0.04%
	ROK	D	0.05%	0.44%	0.05%
	ROP	C	0.05%	0.17%	0.05%
	ROST	C	0.08%	0.16%	0.08%
	SBUX	C	0.27%	0.28%	0.27%
	SCHW	D	0.1%	0.34%	0.1%
	SEIC	C	0.02%	0.09%	0.02%
	SHW	B	0.09%	1.59%	0.09%
	SNPS	D	0.03%	0.21%	0.03%
	SPG	B	0.11%	0.15%	0.11%
	SPGI	B	0.15%	0.83%	0.15%
	SQ	D	0.02%	0.02%	0.02%
	STZ	D	0.08%	0.03%	0.03%
	SYK	C	0.13%	0.35%	0.13%
	TFX	C	0.02%	0.05%	0.02%
	TJX	B	0.24%	0.41%	0.24%
	TMO	B	0.29%	0.63%	0.29%
	TMUS	C	0.24%	0.05%	0.05%
	TRMB	C	0.03%	0.11%	0.03%
	TROW	D	0.11%	0.1%	0.1%
	TRU	B	0.03%	0.01%	0.01%
	TRV	C	0.3%	0.07%	0.07%
	TSLA	C	0.19%	2.1%	0.19%
	TTWO	C	0.02%	0.02%	0.02%
	TXN	C	0.34%	0.66%	0.34%
	UBER	C	0.04%	0.21%	0.04%
	ULTA	D	0.03%	0.08%	0.03%
	UNH	C	1.25%	1.22%	1.22%
	UNP	C	0.4%	0.22%	0.22%
	USB	B	0.3%	0.12%	0.12%
	V	C	0.35%	1.73%	0.35%
	VICI	C	0.02%	0.28%	0.02%
	VMC	D	0.04%	0.05%	0.04%
	VRSK	D	0.04%	0.16%	0.04%
	VRSN	D	0.01%	0.16%	0.01%
	VRTX	D	0.08%	0.29%	0.08%
	VTR	C	0.09%	0.08%	0.08%
	VZ	B	1.32%	0.13%	0.13%
	WAT	C	0.04%	0.18%	0.04%
	WELL	C	0.11%	0.2%	0.11%
	WFC	D	1.06%	0.22%	0.22%
	WM	D	0.15%	0.04%	0.04%
	WPC	C	0.02%	0.01%	0.01%
	WRB	C	0.04%	0.09%	0.04%
	WST	D	0.02%	0.23%	0.02%
	WTW	C	0.07%	0.14%	0.07%
	XYL	C	0.04%	1.28%	0.04%
	YUM	D	0.08%	0.16%	0.08%
	ZBH	F	0.05%	0.07%	0.05%
	ZTS	C	0.08%	0.61%	0.08%

FNDX Overweight 512 Positions Relative to NZUS

	Symbol	Grade	Weight
	BRK.A	C	2.29%
	XOM	C	1.92%
	WMT	C	1.51%
	T	C	1.37%
	CVX	D	1.07%
	C	C	1.04%
	PG	C	0.84%
	COST	B	0.73%
	GM	C	0.69%
	CVS	D	0.68%
	LUMN	C	0.57%
	GS	C	0.56%
	CI	C	0.55%
	PM	C	0.51%
	PEP	C	0.45%
	KO	C	0.43%
	COP	D	0.42%
	MPC	F	0.41%
	MMM	B	0.4%
	LMT	C	0.4%
	MO	C	0.39%
	COF	B	0.39%
	CAT	B	0.39%
	VLO	F	0.38%
	RTX	C	0.37%
	TGT	C	0.37%
	PSX	F	0.36%
	MS	D	0.35%
	LIN	B	0.35%
	MU	F	0.35%
	DUK	C	0.34%
	ABT	C	0.34%
	HON	D	0.34%
	FDX	C	0.32%
	F	F	0.31%
	KR	C	0.3%
	SO	B	0.29%
	PNC	B	0.29%
	NEE	C	0.29%
	AIG	D	0.28%
	SYF	C	0.27%
	CNC	D	0.25%
	HCA	B	0.25%
	AMAT	D	0.25%
	UPS	D	0.25%
	MDLZ	B	0.23%
	GD	B	0.23%
	PRU	C	0.23%
	DE	B	0.22%
	ADM	D	0.22%
	TFC	C	0.22%
	NSC	C	0.21%
	NOC	B	0.21%
	DOW	D	0.2%
	DHI	B	0.2%
	HPQ	D	0.2%
	EOG	D	0.2%
	BKNG	C	0.2%
	TSN	C	0.2%
	BBY	C	0.19%
	LEN	B	0.19%
	D	C	0.19%
	KMI	B	0.19%
	GE	B	0.18%
	NUE	F	0.18%
	EXC	C	0.18%
	DD	B	0.18%
	HPE	D	0.18%
	CTSH	C	0.18%
	AEP	C	0.18%
	CMI	C	0.17%
	LYB	D	0.16%
	LRCX	F	0.16%
	LHX	C	0.16%
	CL	D	0.16%
	EMR	D	0.15%
	WMB	B	0.15%
	JCI	B	0.15%
	IP	B	0.15%
	WBA	F	0.14%
	GLW	C	0.14%
	BKR	C	0.14%
	BA	F	0.14%
	OKE	B	0.13%
	FITB	B	0.13%
	PCAR	D	0.13%
	PHM	B	0.13%
	GIS	B	0.13%
	CARR	B	0.13%
	FIS	B	0.13%
	ED	C	0.13%
	WDC	D	0.13%
	FCX	D	0.13%
	XEL	B	0.12%
	PH	B	0.12%
	SRE	C	0.12%
	URI	B	0.12%
	CBRE	A	0.12%
	NRG	C	0.11%
	BG	D	0.11%
	ETR	B	0.11%
	KHC	C	0.11%
	TEL	D	0.11%
	SW	B	0.11%
	CCI	C	0.11%
	OXY	F	0.11%
	SLB	F	0.11%
	VST	C	0.11%
	KMB	D	0.11%
	PPL	C	0.11%
	PEG	B	0.11%
	APD	B	0.11%
	KEY	B	0.1%
	VTRS	D	0.1%
	MCK	F	0.1%
	CEG	C	0.1%
	ALLY	F	0.1%
	STX	C	0.1%
	CFG	C	0.1%
	FE	C	0.1%
	ORLY	C	0.1%
	SYY	D	0.1%
	UHS	B	0.1%
	CTVA	B	0.09%
	TT	B	0.09%
	ES	C	0.09%
	STLD	F	0.09%
	JLL	B	0.09%
	WY	C	0.09%
	STT	A	0.09%
	PARA	F	0.09%
	IRM	C	0.08%
	RF	B	0.08%
	LDOS	B	0.08%
	NXPI	F	0.08%
	GPN	D	0.08%
	TDG	B	0.08%
	RS	D	0.08%
	MRO	C	0.08%
	MAR	C	0.08%
	OMC	B	0.08%
	EMN	B	0.08%
	THC	A	0.08%
	NTAP	D	0.08%
	NVR	B	0.08%
	SWK	B	0.08%
	DVN	F	0.08%
	PFG	B	0.08%
	ARW	C	0.08%
	PPG	D	0.08%
	DG	F	0.08%
	EA	D	0.08%
	DTE	C	0.08%
	WEC	C	0.08%
	HBAN	B	0.07%
	OGN	D	0.07%
	KMX	D	0.07%
	DVA	B	0.07%
	CAG	C	0.07%
	FNF	B	0.07%
	AEE	C	0.07%
	KSS	F	0.07%
	RSG	D	0.07%
	PKG	B	0.07%
	GEHC	C	0.07%
	K	B	0.07%
	USFD	B	0.07%
	EVRG	B	0.07%
	AVT	C	0.07%
	CAH	C	0.07%
	CHRW	B	0.07%
	MHK	C	0.07%
	X	F	0.07%
	EME	B	0.06%
	CDW	D	0.06%
	MAS	B	0.06%
	OC	D	0.06%
	CE	F	0.06%
	CNP	C	0.06%
	TOL	B	0.06%
	HAL	F	0.06%
	WAB	B	0.06%
	SJM	C	0.06%
	WBD	D	0.06%
	CF	C	0.06%
	CMA	B	0.06%
	VFC	C	0.06%
	IFF	B	0.06%
	TSCO	C	0.06%
	TRGP	B	0.06%
	AZO	D	0.06%
	TXT	D	0.06%
	DOV	B	0.06%
	WHR	D	0.06%
	R	A	0.06%
	HWM	B	0.06%
	CMS	C	0.06%
	AES	C	0.06%
	BALL	C	0.06%
	PWR	B	0.06%
	AA	D	0.05%
	EQH	C	0.05%
	FANG	D	0.05%
	GPI	B	0.05%
	INGR	B	0.05%
	DRI	B	0.05%
	VNO	B	0.05%
	NI	B	0.05%
	SIRI	C	0.05%
	GEV	B	0.05%
	DKS	D	0.05%
	TER	D	0.05%
	SFM	B	0.05%
	TAP	D	0.05%
	BWA	D	0.05%
	CSL	B	0.05%
	ORI	B	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	OTIS	C	0.05%
	DINO	F	0.05%
	UNM	B	0.05%
	DXC	C	0.05%
	CCL	C	0.05%
	QRVO	F	0.05%
	JBL	D	0.05%
	SWKS	D	0.05%
	AN	D	0.05%
	MAN	C	0.05%
	ZION	D	0.05%
	CPAY	B	0.05%
	L	C	0.05%
	OMF	D	0.05%
	LKQ	F	0.05%
	MOH	D	0.05%
	LNG	C	0.05%
	PFGC	B	0.05%
	LAD	D	0.05%
	WSM	D	0.05%
	MGM	F	0.05%
	M	F	0.05%
	MCHP	F	0.05%
	LEA	F	0.05%
	FLEX	C	0.05%
	JEF	B	0.05%
	LNC	D	0.05%
	GPC	D	0.05%
	CASY	D	0.05%
	MOS	F	0.05%
	J	C	0.05%
	ZBRA	B	0.04%
	BR	D	0.04%
	HAS	B	0.04%
	RPM	B	0.04%
	DPZ	F	0.04%
	CPB	C	0.04%
	MTH	A	0.04%
	SLM	D	0.04%
	AYI	B	0.04%
	MAA	B	0.04%
	CNO	B	0.04%
	BAP	B	0.04%
	TMHC	A	0.04%
	ON	D	0.04%
	WU	F	0.04%
	THO	D	0.04%
	BLDR	C	0.04%
	SSNC	B	0.04%
	JXN	A	0.04%
	TPR	C	0.04%
	IPG	C	0.04%
	CCK	A	0.04%
	FYBR	C	0.04%
	HST	C	0.04%
	DOX	C	0.04%
	BEN	F	0.04%
	ATO	B	0.04%
	CLX	C	0.04%
	PVH	F	0.04%
	KNX	C	0.04%
	EVR	A	0.04%
	GAP	F	0.04%
	RJF	C	0.04%
	SOLV	C	0.04%
	NWSA	D	0.04%
	HSIC	C	0.04%
	MLM	D	0.04%
	AVY	C	0.04%
	JBHT	D	0.04%
	BERY	B	0.04%
	RGA	C	0.04%
	APTV	D	0.04%
	LNT	B	0.04%
	ALSN	B	0.04%
	FAF	B	0.04%
	IVZ	B	0.04%
	ZIM	C	0.04%
	SNA	C	0.04%
	HES	F	0.04%
	HII	D	0.04%
	DLTR	F	0.04%
	TDS	C	0.04%
	PNW	C	0.04%
	OVV	F	0.04%
	UGI	C	0.04%
	SKX	D	0.03%
	AAP	F	0.03%
	REG	C	0.03%
	CG	D	0.03%
	ITT	B	0.03%
	CPRI	D	0.03%
	MTG	B	0.03%
	GDDY	C	0.03%
	CW	B	0.03%
	CIEN	C	0.03%
	BC	C	0.03%
	FLR	D	0.03%
	UDR	C	0.03%
	GNTX	F	0.03%
	EWBC	D	0.03%
	CLF	F	0.03%
	SCI	B	0.03%
	SON	C	0.03%
	EG	C	0.03%
	SAIC	C	0.03%
	LPLA	D	0.03%
	SUI	B	0.03%
	JHG	B	0.03%
	CMC	D	0.03%
	FHN	D	0.03%
	AER	B	0.03%
	SWN	D	0.03%
	BPOP	C	0.03%
	RRX	C	0.03%
	PBF	F	0.03%
	AGCO	D	0.03%
	EXPE	C	0.03%
	PCG	C	0.03%
	MSCI	C	0.03%
	NWL	C	0.03%
	AIZ	B	0.03%
	VOYA	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	KVUE	C	0.03%
	RL	C	0.03%
	INVH	C	0.03%
	CRBG	D	0.03%
	OLN	D	0.03%
	CHKP	B	0.03%
	MLI	A	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	CDNS	D	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	MTZ	B	0.03%
	OGE	C	0.03%
	WCC	D	0.03%
	ARMK	B	0.03%
	GL	C	0.03%
	NXST	D	0.03%
	KBH	A	0.03%
	SANM	D	0.03%
	RHI	D	0.03%
	DECK	C	0.03%
	STE	C	0.03%
	CCEP	B	0.03%
	BURL	B	0.03%
	HBI	B	0.03%
	CACI	B	0.03%
	WSO	C	0.03%
	IT	B	0.03%
	BCC	B	0.03%
	UFPI	C	0.03%
	HRL	C	0.03%
	GPK	B	0.03%
	OSK	F	0.03%
	HUBB	B	0.03%
	FL	D	0.03%
	CNH	D	0.03%
	EQT	D	0.03%
	HUN	D	0.03%
	LPX	B	0.03%
	AKAM	D	0.03%
	AMG	C	0.03%
	OI	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	MIDD	D	0.02%
	WLK	D	0.02%
	CNX	B	0.02%
	FTI	D	0.02%
	CAR	F	0.02%
	GXO	D	0.02%
	AMCR	B	0.02%
	BECN	D	0.02%
	LECO	F	0.02%
	SM	F	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	CC	F	0.02%
	XRAY	D	0.02%
	PENN	D	0.02%
	FLO	C	0.02%
	PRGO	D	0.02%
	REZI	D	0.02%
	MKSI	F	0.02%
	DAR	F	0.02%
	CHK	D	0.02%
	TGNA	D	0.02%
	TKR	D	0.02%
	CYH	B	0.02%
	TTC	D	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	FCNCA	D	0.02%
	ACI	F	0.02%
	CRI	D	0.02%
	GNRC	D	0.02%
	TPX	C	0.02%
	POR	C	0.02%
	ASGN	D	0.02%
	JWN	C	0.02%
	ALB	D	0.02%
	NDSN	C	0.02%
	MUR	F	0.02%
	UHAL	A	0.02%
	RUSHA	C	0.02%
	ASO	C	0.02%
	NFG	B	0.02%
	PAG	D	0.02%
	XRX	D	0.02%
	EXPD	C	0.02%
	BTU	D	0.02%
	NVT	D	0.02%
	POOL	C	0.02%
	NAVI	C	0.02%
	HRB	C	0.02%
	QRTEA	F	0.02%
	ST	D	0.02%
	DCI	C	0.02%
	DAL	C	0.02%
	GLPI	C	0.02%
	MPW	C	0.02%
	SBAC	C	0.02%
	STWD	B	0.02%
	AR	F	0.02%
	NOV	F	0.02%
	POST	C	0.02%
	AXTA	B	0.02%
	ABG	D	0.02%
	ATR	B	0.02%
	LUV	C	0.02%
	BJ	D	0.02%
	JKHY	B	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	C	0.02%
	PK	D	0.02%
	BBWI	F	0.02%
	PRI	B	0.02%
	EXP	B	0.02%
	CPT	B	0.02%
	TDY	B	0.02%
	G	C	0.02%
	NSIT	D	0.02%
	BRX	B	0.02%
	EHC	C	0.02%
	SEE	D	0.02%
	ALV	F	0.02%
	SNV	C	0.02%
	LSTR	D	0.02%
	THG	B	0.02%
	LAMR	B	0.02%
	HOG	C	0.02%
	SNX	D	0.02%
	HTZ	F	0.01%
	ALK	C	0.01%
	CNXC	F	0.01%
	COHR	C	0.01%
	MATX	B	0.01%
	DELL	D	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	D	0.01%
	CRL	F	0.01%
	MSM	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	JAZZ	D	0.01%
	WTRG	D	0.01%
	VAC	F	0.01%
	CHE	C	0.01%
	LW	D	0.01%
	MMS	C	0.01%
	AEO	F	0.01%
	ADNT	F	0.01%
	TNL	D	0.01%
	MTN	D	0.01%
	LILAK	D	0.01%
	CTRA	D	0.01%
	BLD	D	0.01%
	LEG	D	0.01%
	DAN	F	0.01%
	ODP	F	0.01%
	SPTN	C	0.01%
	BIG	F	0.0%
	AAL	D	0.0%

FNDX Underweight 40 Positions Relative to NZUS

	Symbol	Grade	Weight
	ENPH	D	-0.4%
	RIVN	F	-0.38%
	MELI	B	-0.25%
	ABNB	D	-0.18%
	VLTO	C	-0.16%
	MPWR	C	-0.14%
	RPRX	C	-0.13%
	ALNY	C	-0.12%
	ROL	C	-0.12%
	ERIE	B	-0.12%
	AXON	B	-0.11%
	FDS	C	-0.11%
	CSGP	D	-0.1%
	VEEV	C	-0.08%
	DXCM	F	-0.08%
	WDAY	D	-0.08%
	MKTX	C	-0.07%
	BMRN	F	-0.06%
	TTD	B	-0.05%
	PODD	B	-0.05%
	TYL	C	-0.05%
	INCY	C	-0.04%
	NBIX	F	-0.04%
	BIO	C	-0.04%
	FOX	B	-0.03%
	TECH	C	-0.03%
	DOCU	C	-0.02%
	SMCI	F	-0.02%
	ZM	C	-0.02%
	HUBS	D	-0.02%
	MTCH	C	-0.02%
	SNOW	F	-0.02%
	PINS	F	-0.02%
	OKTA	F	-0.02%
	TW	B	-0.02%
	EXAS	C	-0.02%
	PAYC	D	-0.01%
	MDB	D	-0.01%
	COIN	F	-0.01%
	SNAP	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

NZUS: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Diversified Industrials Asset Management Biotechnology Drug Manufacturers - Major Semiconductors Business Services Insurance - Property & Casualty Internet Content & Information Medical Devices Medical Instruments & Supplies Capital Markets Insurance Brokers Credit Services Financial Data & Stock Exchanges Restaurants Scientific & Technical Instruments Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Medicine Real Estate Investment Trust Mobile Devices Telecommunications Biotechnology Work From Home IBD 50 Insurance Products Software Software As A Service Bank Banking Cloud Computing Disability Casualty Insurance