FNDX vs. ONEV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

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

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$133.75

Average Daily Volume

4,833

Number of Holdings ^*

415

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	ONEV
30 Days	3.67%	4.10%
60 Days	4.58%	4.09%
90 Days	6.53%	5.47%
12 Months	29.67%	26.02%

304 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in ONEV	Overlap
	A	D	0.05%	0.42%	0.05%
	AAP	C	0.03%	0.06%	0.03%
	ACGL	D	0.03%	0.93%	0.03%
	ACI	C	0.03%	0.19%	0.03%
	ACM	A	0.05%	0.19%	0.05%
	ADM	D	0.21%	0.55%	0.21%
	AEE	A	0.07%	0.39%	0.07%
	AEP	D	0.16%	0.28%	0.16%
	AES	F	0.05%	0.04%	0.04%
	AFG	A	0.05%	0.08%	0.05%
	AGCO	D	0.03%	0.14%	0.03%
	AIZ	A	0.03%	0.18%	0.03%
	AKAM	D	0.03%	0.29%	0.03%
	ALK	C	0.02%	0.08%	0.02%
	ALLE	D	0.01%	0.23%	0.01%
	ALSN	B	0.05%	0.37%	0.05%
	AMCR	D	0.03%	0.35%	0.03%
	AME	A	0.05%	0.2%	0.05%
	AMG	B	0.04%	0.22%	0.04%
	ANSS	B	0.02%	0.29%	0.02%
	AON	A	0.13%	0.56%	0.13%
	AOS	F	0.02%	0.25%	0.02%
	ARW	D	0.08%	0.08%	0.08%
	ATO	A	0.04%	0.64%	0.04%
	ATR	B	0.02%	0.23%	0.02%
	AVB	B	0.05%	0.26%	0.05%
	AVY	D	0.04%	0.17%	0.04%
	AWK	D	0.04%	0.16%	0.04%
	AXTA	A	0.02%	0.08%	0.02%
	AYI	B	0.04%	0.17%	0.04%
	AZO	C	0.06%	0.7%	0.06%
	BAH	F	0.03%	0.22%	0.03%
	BALL	D	0.06%	0.13%	0.06%
	BAX	D	0.07%	0.15%	0.07%
	BBY	D	0.16%	0.72%	0.16%
	BC	C	0.03%	0.06%	0.03%
	BEN	C	0.04%	0.06%	0.04%
	BERY	B	0.04%	0.13%	0.04%
	BG	F	0.1%	0.17%	0.1%
	BJ	A	0.02%	0.33%	0.02%
	BMY	B	0.45%	1.44%	0.45%
	BR	A	0.03%	0.45%	0.03%
	BRO	B	0.02%	0.33%	0.02%
	BWA	D	0.05%	0.29%	0.05%
	CACI	D	0.03%	0.32%	0.03%
	CAG	D	0.06%	0.2%	0.06%
	CAH	B	0.07%	1.07%	0.07%
	CASY	A	0.05%	0.54%	0.05%
	CBOE	B	0.01%	0.65%	0.01%
	CBRE	B	0.13%	0.3%	0.13%
	CCK	C	0.04%	0.15%	0.04%
	CE	F	0.03%	0.13%	0.03%
	CF	B	0.07%	0.19%	0.07%
	CHD	B	0.04%	0.21%	0.04%
	CHE	D	0.01%	0.3%	0.01%
	CHRW	C	0.08%	0.11%	0.08%
	CHTR	C	0.35%	0.54%	0.35%
	CIEN	B	0.03%	0.14%	0.03%
	CINF	A	0.07%	0.69%	0.07%
	CL	D	0.13%	0.25%	0.13%
	CLX	B	0.04%	0.3%	0.04%
	CMI	A	0.19%	0.71%	0.19%
	CMS	C	0.06%	0.29%	0.06%
	CNC	D	0.19%	0.63%	0.19%
	CNH	C	0.02%	0.06%	0.02%
	CNP	B	0.06%	0.25%	0.06%
	COR	B	0.02%	0.67%	0.02%
	CPAY	A	0.06%	0.24%	0.06%
	CPB	D	0.03%	0.2%	0.03%
	CPT	B	0.02%	0.22%	0.02%
	CRI	D	0.01%	0.07%	0.01%
	CRL	C	0.01%	0.07%	0.01%
	CSL	C	0.05%	0.19%	0.05%
	CSX	B	0.22%	0.27%	0.22%
	CTRA	B	0.03%	0.31%	0.03%
	CTSH	B	0.19%	1.46%	0.19%
	CTVA	C	0.09%	0.15%	0.09%
	CVS	D	0.68%	0.29%	0.29%
	CW	B	0.03%	0.14%	0.03%
	D	C	0.17%	0.31%	0.17%
	DBX	B	0.01%	0.25%	0.01%
	DCI	B	0.02%	0.26%	0.02%
	DG	F	0.08%	0.33%	0.08%
	DGX	A	0.07%	0.39%	0.07%
	DHI	D	0.16%	0.32%	0.16%
	DINO	D	0.05%	0.05%	0.05%
	DLTR	F	0.05%	0.19%	0.05%
	DOV	A	0.06%	0.18%	0.06%
	DOX	D	0.04%	0.36%	0.04%
	DPZ	C	0.03%	0.18%	0.03%
	DTE	C	0.07%	0.19%	0.07%
	DVA	B	0.06%	0.2%	0.06%
	EA	A	0.09%	0.79%	0.09%
	EBAY	D	0.17%	0.64%	0.17%
	ED	D	0.12%	0.31%	0.12%
	EG	C	0.02%	0.57%	0.02%
	EHC	B	0.02%	0.26%	0.02%
	EIX	B	0.1%	0.24%	0.1%
	EME	C	0.06%	0.32%	0.06%
	EMN	D	0.08%	0.21%	0.08%
	EQR	B	0.05%	0.24%	0.05%
	ES	D	0.08%	0.13%	0.08%
	ESS	B	0.03%	0.13%	0.03%
	ETR	B	0.12%	0.52%	0.12%
	EVR	B	0.04%	0.14%	0.04%
	EVRG	A	0.07%	0.32%	0.07%
	EXC	C	0.17%	0.35%	0.17%
	EXP	A	0.03%	0.17%	0.03%
	EXPD	D	0.04%	0.38%	0.04%
	FAF	A	0.04%	0.04%	0.04%
	FAST	B	0.07%	0.63%	0.07%
	FBIN	D	0.04%	0.08%	0.04%
	FCNCA	A	0.02%	0.16%	0.02%
	FDX	B	0.32%	0.27%	0.27%
	FE	C	0.09%	0.19%	0.09%
	FFIV	B	0.03%	0.51%	0.03%
	FLO	D	0.02%	0.12%	0.02%
	FMC	D	0.03%	0.04%	0.03%
	FOXA	B	0.1%	0.36%	0.1%
	FTV	C	0.03%	0.18%	0.03%
	FYBR	D	0.04%	0.11%	0.04%
	G	B	0.03%	0.26%	0.03%
	GDDY	A	0.03%	0.32%	0.03%
	GEHC	F	0.09%	0.49%	0.09%
	GEN	B	0.04%	0.27%	0.04%
	GGG	B	0.02%	0.29%	0.02%
	GILD	C	0.37%	0.88%	0.37%
	GIS	D	0.11%	0.35%	0.11%
	GL	B	0.03%	0.26%	0.03%
	GNTX	C	0.03%	0.26%	0.03%
	GPC	D	0.05%	0.54%	0.05%
	GPK	C	0.03%	0.16%	0.03%
	GRMN	B	0.03%	0.51%	0.03%
	GWW	B	0.08%	0.42%	0.08%
	GXO	B	0.02%	0.09%	0.02%
	HIG	B	0.14%	0.26%	0.14%
	HII	D	0.03%	0.24%	0.03%
	HOG	D	0.02%	0.03%	0.02%
	HOLX	D	0.04%	0.21%	0.04%
	HPE	B	0.21%	0.59%	0.21%
	HRB	D	0.01%	0.3%	0.01%
	HRL	D	0.03%	0.12%	0.03%
	HSIC	B	0.04%	0.07%	0.04%
	HST	C	0.04%	0.16%	0.04%
	HSY	F	0.04%	0.27%	0.04%
	HUBB	B	0.03%	0.12%	0.03%
	HUM	C	0.19%	0.75%	0.19%
	HUN	F	0.03%	0.04%	0.03%
	IEX	B	0.03%	0.23%	0.03%
	INGR	B	0.05%	0.36%	0.05%
	IP	B	0.17%	0.47%	0.17%
	IPG	D	0.04%	0.25%	0.04%
	ITT	A	0.03%	0.17%	0.03%
	ITW	B	0.15%	0.34%	0.15%
	J	F	0.05%	0.34%	0.05%
	JAZZ	B	0.01%	0.28%	0.01%
	JBHT	C	0.05%	0.26%	0.05%
	JBL	B	0.06%	0.45%	0.06%
	JHG	A	0.03%	0.16%	0.03%
	JKHY	D	0.02%	0.21%	0.02%
	JNPR	F	0.05%	0.41%	0.05%
	K	A	0.07%	0.39%	0.07%
	KEYS	A	0.04%	0.35%	0.04%
	KHC	F	0.09%	0.16%	0.09%
	KMB	D	0.1%	0.42%	0.1%
	KNX	B	0.04%	0.17%	0.04%
	KR	B	0.3%	0.57%	0.3%
	KVUE	A	0.05%	0.57%	0.05%
	L	A	0.05%	0.22%	0.05%
	LAMR	D	0.02%	0.17%	0.02%
	LDOS	C	0.07%	0.54%	0.07%
	LEA	D	0.05%	0.14%	0.05%
	LECO	B	0.02%	0.28%	0.02%
	LEG	F	0.02%	0.04%	0.02%
	LH	C	0.09%	0.55%	0.09%
	LII	A	0.03%	0.17%	0.03%
	LKQ	D	0.05%	0.13%	0.05%
	LNT	A	0.04%	0.2%	0.04%
	LPLA	A	0.04%	0.17%	0.04%
	LSTR	D	0.03%	0.24%	0.03%
	LUV	C	0.02%	0.37%	0.02%
	MAA	B	0.03%	0.31%	0.03%
	MAN	D	0.04%	0.1%	0.04%
	MAS	D	0.05%	0.33%	0.05%
	MCK	B	0.11%	0.7%	0.11%
	MDU	D	0.02%	0.07%	0.02%
	MIDD	C	0.02%	0.04%	0.02%
	MKC	D	0.03%	0.18%	0.03%
	MKL	A	0.05%	0.47%	0.05%
	MNST	C	0.05%	0.18%	0.05%
	MO	A	0.37%	0.59%	0.37%
	MOH	F	0.05%	0.32%	0.05%
	MSCI	C	0.03%	0.32%	0.03%
	MSM	C	0.01%	0.14%	0.01%
	MTD	D	0.03%	0.16%	0.03%
	MTG	C	0.02%	0.18%	0.02%
	MTN	C	0.02%	0.17%	0.02%
	MUSA	A	0.04%	0.27%	0.04%
	NDAQ	A	0.03%	0.18%	0.03%
	NDSN	B	0.02%	0.08%	0.02%
	NFG	A	0.02%	0.2%	0.02%
	NI	A	0.05%	0.28%	0.05%
	NOC	D	0.2%	0.27%	0.2%
	NRG	B	0.1%	0.13%	0.1%
	NTAP	C	0.07%	0.54%	0.07%
	NUE	C	0.19%	0.34%	0.19%
	NVR	D	0.08%	0.42%	0.08%
	NWL	B	0.03%	0.08%	0.03%
	NWSA	B	0.04%	0.12%	0.04%
	NXST	C	0.03%	0.07%	0.03%
	OC	A	0.07%	0.21%	0.07%
	ODFL	B	0.06%	0.18%	0.06%
	OGE	B	0.03%	0.26%	0.03%
	OGN	D	0.04%	0.07%	0.04%
	OMC	C	0.08%	0.5%	0.08%
	ORI	A	0.05%	0.18%	0.05%
	ORLY	B	0.11%	0.73%	0.11%
	OSK	B	0.04%	0.17%	0.04%
	OTIS	C	0.05%	0.28%	0.05%
	PAG	B	0.02%	0.03%	0.02%
	PAYX	C	0.06%	0.33%	0.06%
	PCAR	B	0.15%	0.48%	0.15%
	PEG	A	0.11%	0.38%	0.11%
	PHM	D	0.11%	0.28%	0.11%
	PII	D	0.02%	0.12%	0.02%
	PKG	A	0.07%	0.32%	0.07%
	PNR	A	0.04%	0.14%	0.04%
	PNW	B	0.04%	0.24%	0.04%
	POOL	C	0.02%	0.37%	0.02%
	POST	C	0.02%	0.13%	0.02%
	PPG	F	0.08%	0.21%	0.08%
	PPL	B	0.11%	0.25%	0.11%
	PRGO	B	0.01%	0.09%	0.01%
	PRI	A	0.03%	0.22%	0.03%
	PSA	D	0.05%	0.64%	0.05%
	QRVO	F	0.03%	0.09%	0.03%
	R	B	0.07%	0.08%	0.07%
	RHI	B	0.04%	0.28%	0.04%
	RL	B	0.03%	0.24%	0.03%
	ROK	B	0.06%	0.25%	0.06%
	RPM	A	0.04%	0.24%	0.04%
	RS	B	0.09%	0.64%	0.09%
	RSG	A	0.06%	0.18%	0.06%
	SAIC	F	0.02%	0.23%	0.02%
	SBAC	D	0.02%	0.24%	0.02%
	SCI	B	0.03%	0.3%	0.03%
	SEE	C	0.03%	0.02%	0.02%
	SEIC	B	0.03%	0.3%	0.03%
	SJM	D	0.05%	0.23%	0.05%
	SKX	D	0.02%	0.21%	0.02%
	SNA	A	0.06%	0.55%	0.06%
	SNX	C	0.03%	0.12%	0.03%
	SOLV	C	0.02%	0.34%	0.02%
	SON	D	0.02%	0.14%	0.02%
	SRE	A	0.13%	0.37%	0.13%
	SSNC	B	0.04%	0.17%	0.04%
	ST	F	0.02%	0.02%	0.02%
	STE	F	0.03%	0.19%	0.03%
	STLD	B	0.11%	0.23%	0.11%
	SWKS	F	0.04%	0.49%	0.04%
	SYF	B	0.34%	0.15%	0.15%
	SYY	B	0.1%	0.23%	0.1%
	TAP	C	0.05%	0.25%	0.05%
	TDY	B	0.03%	0.09%	0.03%
	TFX	F	0.02%	0.11%	0.02%
	TGT	F	0.38%	0.47%	0.38%
	THG	A	0.03%	0.04%	0.03%
	TKR	D	0.02%	0.05%	0.02%
	TNL	A	0.01%	0.02%	0.01%
	TROW	B	0.13%	0.61%	0.13%
	TRV	B	0.31%	0.36%	0.31%
	TSCO	D	0.06%	0.49%	0.06%
	TSN	B	0.2%	0.15%	0.15%
	TTC	D	0.02%	0.13%	0.02%
	TXT	D	0.06%	0.19%	0.06%
	UDR	B	0.02%	0.18%	0.02%
	UGI	A	0.04%	0.09%	0.04%
	UHAL	D	0.02%	0.08%	0.02%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.08%	0.18%	0.08%
	VFC	C	0.07%	0.17%	0.07%
	VICI	C	0.02%	0.27%	0.02%
	VMC	B	0.05%	0.14%	0.05%
	VOYA	B	0.03%	0.07%	0.03%
	VRSK	A	0.04%	0.26%	0.04%
	VRSN	F	0.01%	0.58%	0.01%
	VST	B	0.16%	0.24%	0.16%
	VTRS	A	0.1%	0.29%	0.1%
	WBA	F	0.17%	0.05%	0.05%
	WEC	A	0.08%	0.35%	0.08%
	WHR	B	0.08%	0.15%	0.08%
	WLK	D	0.02%	0.03%	0.02%
	WPC	D	0.02%	0.2%	0.02%
	WRB	A	0.03%	0.38%	0.03%
	WSO	A	0.03%	0.24%	0.03%
	WST	C	0.02%	0.29%	0.02%
	WTRG	B	0.01%	0.13%	0.01%
	WTW	B	0.07%	0.27%	0.07%
	WU	D	0.03%	0.13%	0.03%
	WY	D	0.09%	0.2%	0.09%
	XEL	A	0.12%	0.53%	0.12%
	XRAY	F	0.01%	0.06%	0.01%
	YUM	B	0.08%	0.33%	0.08%
	ZBH	C	0.05%	0.23%	0.05%

FNDX Overweight 418 Positions Relative to ONEV

	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%
	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%
	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%
	LMT	D	0.37%
	HON	B	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%
	USB	A	0.32%
	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%
	DFS	B	0.26%
	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%
	KMI	A	0.23%
	TFC	A	0.23%
	ETN	A	0.23%
	DE	A	0.23%
	PGR	A	0.23%
	EOG	A	0.23%
	PYPL	B	0.22%
	TJX	A	0.22%
	PRU	A	0.22%
	AFL	B	0.21%
	NSC	B	0.21%
	HPQ	B	0.21%
	GD	F	0.21%
	ADBE	C	0.2%
	MDLZ	F	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	NKE	D	0.19%
	DOW	F	0.18%
	WMB	A	0.17%
	NFLX	A	0.17%
	EMR	A	0.17%
	DD	D	0.17%
	BKR	B	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	JCI	C	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	ADP	B	0.15%
	LRCX	F	0.15%
	WM	A	0.15%
	CRM	B	0.15%
	GE	D	0.15%
	LYB	F	0.14%
	FCX	D	0.14%
	MMC	B	0.14%
	OKE	A	0.14%
	GLW	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	FITB	A	0.13%
	SYK	C	0.13%
	BX	A	0.13%
	ADI	D	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%
	MTB	A	0.11%
	PARA	C	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%
	ALLY	C	0.1%
	REGN	F	0.1%
	STT	A	0.1%
	CEG	D	0.1%
	KEY	B	0.1%
	WELL	A	0.1%
	SPG	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	DVN	F	0.09%
	BIIB	F	0.09%
	PFG	D	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	APH	A	0.09%
	CCI	D	0.09%
	AMD	F	0.09%
	HBAN	A	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	VTR	C	0.08%
	KLAC	D	0.08%
	CME	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%
	IQV	D	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	MCO	B	0.07%
	STZ	D	0.07%
	PWR	A	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	X	C	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	AVT	C	0.07%
	ROST	C	0.07%
	VRTX	F	0.07%
	OVV	B	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	MGM	D	0.06%
	JEF	A	0.06%
	BLDR	D	0.06%
	UNM	A	0.06%
	AA	B	0.06%
	ZION	B	0.06%
	OMF	A	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%
	TT	A	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	WAB	B	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	VNO	B	0.05%
	NXPI	D	0.05%
	MCHP	D	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	DRI	B	0.05%
	AJG	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	FANG	D	0.05%
	ROP	B	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	ANET	C	0.04%
	O	D	0.04%
	UBER	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	TER	D	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	CMG	B	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	DKS	C	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	EW	C	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	WSM	B	0.04%
	JXN	C	0.04%
	EQT	B	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	CDW	F	0.04%
	DELL	C	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	MRNA	F	0.03%
	CPRT	A	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	RVTY	F	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	0.03%
	TPH	D	0.03%
	FLR	B	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	ALB	C	0.03%
	KIM	A	0.03%
	TTWO	A	0.03%
	ARMK	B	0.03%
	EFX	F	0.03%
	DAL	C	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%
	MTH	D	0.03%
	CLF	F	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	TRMB	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	CG	A	0.03%
	FHN	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%
	RMD	C	0.03%
	IR	B	0.03%
	CDNS	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	ADSK	A	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	HBI	B	0.03%
	MLI	C	0.03%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ADNT	F	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	BPOP	B	0.02%
	CHKP	D	0.02%
	ARCH	B	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%
	XRX	F	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	ASGN	F	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	STWD	C	0.02%
	EPAM	C	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	CTLT	B	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	APTV	D	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	CC	C	0.02%
	SUI	D	0.02%
	REG	B	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	RUSHA	C	0.02%
	REZI	A	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	ICLR	D	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%
	QRTEA	F	0.01%
	AAL	B	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 111 Positions Relative to ONEV

	Symbol	Grade	Weight
	UTHR	C	-0.61%
	FDS	B	-0.49%
	RNR	C	-0.48%
	INCY	C	-0.41%
	RPRX	D	-0.36%
	CUBE	D	-0.3%
	HLI	B	-0.3%
	RLI	B	-0.26%
	ELS	C	-0.22%
	ROL	B	-0.21%
	DTM	B	-0.21%
	EXEL	B	-0.19%
	FOX	A	-0.19%
	MAT	D	-0.19%
	NYT	C	-0.19%
	CNM	D	-0.18%
	SIRI	C	-0.18%
	MKTX	D	-0.18%
	VVV	F	-0.18%
	BWXT	B	-0.17%
	KNSL	B	-0.17%
	FR	C	-0.17%
	LOPE	B	-0.17%
	CRUS	D	-0.16%
	SSD	D	-0.16%
	RGLD	C	-0.16%
	TW	A	-0.16%
	PSN	D	-0.15%
	QGEN	D	-0.15%
	FCN	D	-0.15%
	DLB	B	-0.15%
	IDA	A	-0.14%
	VMI	B	-0.13%
	NEU	C	-0.13%
	AAON	B	-0.12%
	AMH	D	-0.12%
	FIX	A	-0.12%
	EGP	F	-0.12%
	TXRH	C	-0.12%
	COKE	C	-0.12%
	CR	A	-0.12%
	MSGS	A	-0.11%
	NBIX	C	-0.11%
	AWI	A	-0.11%
	NNN	D	-0.11%
	LBRDK	C	-0.11%
	IBKR	A	-0.11%
	TECH	D	-0.1%
	AXS	A	-0.1%
	PINC	B	-0.1%
	RYN	D	-0.1%
	SLGN	A	-0.1%
	COLM	B	-0.1%
	VNT	B	-0.1%
	AGO	B	-0.09%
	BRKR	D	-0.08%
	STAG	F	-0.08%
	BRBR	A	-0.08%
	IPGP	D	-0.07%
	ASH	D	-0.07%
	TTEK	F	-0.07%
	KEX	C	-0.07%
	CBSH	A	-0.07%
	CHH	A	-0.07%
	DNB	B	-0.06%
	CXT	B	-0.06%
	ESI	A	-0.06%
	ESAB	B	-0.06%
	PB	A	-0.06%
	MORN	B	-0.06%
	NSA	D	-0.06%
	LFUS	F	-0.06%
	SN	D	-0.06%
	SITE	D	-0.06%
	FLS	B	-0.06%
	GO	C	-0.06%
	ADC	B	-0.06%
	VSTS	C	-0.06%
	WH	B	-0.05%
	FTRE	D	-0.05%
	OZK	B	-0.05%
	MSA	D	-0.05%
	SNDR	B	-0.05%
	REYN	D	-0.05%
	KRC	C	-0.05%
	CWEN	C	-0.04%
	CGNX	C	-0.04%
	SAM	C	-0.04%
	AGR	B	-0.04%
	WSC	D	-0.04%
	FIVE	F	-0.04%
	AMED	F	-0.04%
	IRDM	D	-0.04%
	BFAM	D	-0.04%
	NWS	B	-0.04%
	HIW	D	-0.04%
	WWD	B	-0.04%
	EEFT	B	-0.04%
	VIRT	B	-0.03%
	GTES	A	-0.03%
	OLLI	D	-0.03%
	NVST	B	-0.03%
	CWEN	C	-0.02%
	LBRDA	C	-0.02%
	CNA	B	-0.02%
	FHB	A	-0.02%
	PPC	C	-0.02%
	CACC	D	-0.02%
	SEB	F	-0.02%
	UAA	C	-0.01%
	UA	C	-0.01%

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

ONEV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Packaged Foods Business Services Packaging & Containers Insurance - Property & Casualty Specialty Retail Capital Markets Biotechnology REIT - Residential Building Materials Diagnostics & Research Medical Instruments & Supplies Scientific & Technical Instruments Utilities - Diversified Apparel Manufacturing Asset Management Household & Personal Products REIT - Industrial Specialty Chemicals

Keywords: S&P 500 Electricity Insurance Electronics Nasdaq 100 Natural Gas Chemical Aerospace Mining Real Estate Investment Trust Beverage Telecommunications Insurance Products Plastic Transport Adhesives Biotechnology Metals Plumbing Banking