FNDX vs. PBUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Invesco PureBeta MSCI USA ETF (PBUS)

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

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	PBUS
30 Days	3.67%	3.61%
60 Days	4.58%	5.14%
90 Days	6.53%	6.91%
12 Months	29.67%	33.43%

503 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in PBUS	Overlap
	A	D	0.05%	0.07%	0.05%
	AAPL	C	4.35%	6.38%	4.35%
	ABBV	D	0.49%	0.57%	0.49%
	ABT	B	0.34%	0.38%	0.34%
	ACGL	D	0.03%	0.07%	0.03%
	ACI	C	0.03%	0.01%	0.01%
	ACM	A	0.05%	0.03%	0.03%
	ACN	C	0.36%	0.44%	0.36%
	ADBE	C	0.2%	0.45%	0.2%
	ADI	D	0.13%	0.2%	0.13%
	ADM	D	0.21%	0.05%	0.05%
	ADP	B	0.15%	0.24%	0.15%
	ADSK	A	0.03%	0.13%	0.03%
	AEE	A	0.07%	0.05%	0.05%
	AEP	D	0.16%	0.1%	0.1%
	AES	F	0.05%	0.02%	0.02%
	AFG	A	0.05%	0.02%	0.02%
	AFL	B	0.21%	0.11%	0.11%
	AIG	B	0.28%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	B	0.05%	0.12%	0.05%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.27%	0.1%	0.1%
	ALLE	D	0.01%	0.02%	0.01%
	ALLY	C	0.1%	0.02%	0.02%
	AMAT	F	0.24%	0.3%	0.24%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.43%	0.09%
	AME	A	0.05%	0.09%	0.05%
	AMGN	D	0.39%	0.3%	0.3%
	AMP	A	0.15%	0.11%	0.11%
	AMT	D	0.11%	0.17%	0.11%
	AMZN	C	1.56%	3.8%	1.56%
	ANET	C	0.04%	0.2%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	A	0.13%	0.14%	0.13%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.13%	0.13%	0.13%
	APH	A	0.09%	0.17%	0.09%
	APO	B	0.03%	0.13%	0.03%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.03%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.05%	0.06%	0.05%
	AVGO	D	0.61%	1.45%	0.61%
	AVTR	F	0.02%	0.03%	0.02%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.04%	0.05%	0.04%
	AXP	A	0.36%	0.32%	0.32%
	AZO	C	0.06%	0.1%	0.06%
	BA	F	0.11%	0.19%	0.11%
	BAC	A	1.3%	0.62%	0.62%
	BAH	F	0.03%	0.04%	0.03%
	BALL	D	0.06%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBWI	D	0.03%	0.01%	0.01%
	BBY	D	0.16%	0.04%	0.04%
	BDX	F	0.11%	0.13%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	F	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.05%	0.05%
	BK	A	0.26%	0.11%	0.11%
	BKNG	A	0.24%	0.32%	0.24%
	BKR	B	0.16%	0.08%	0.08%
	BLDR	D	0.06%	0.04%	0.04%
	BLK	C	0.28%	0.3%	0.28%
	BMY	B	0.45%	0.23%	0.23%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	B	2.17%	1.19%	1.19%
	BRO	B	0.02%	0.05%	0.02%
	BSX	B	0.09%	0.25%	0.09%
	BURL	A	0.03%	0.03%	0.03%
	BX	A	0.13%	0.25%	0.13%
	BXP	D	0.05%	0.02%	0.02%
	C	A	1.1%	0.25%	0.25%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.07%	0.06%	0.06%
	CARR	D	0.12%	0.12%	0.12%
	CAT	B	0.41%	0.36%	0.36%
	CB	C	0.26%	0.21%	0.21%
	CBOE	B	0.01%	0.04%	0.01%
	CBRE	B	0.13%	0.08%	0.08%
	CCI	D	0.09%	0.09%	0.09%
	CCK	C	0.04%	0.02%	0.02%
	CCL	B	0.06%	0.05%	0.05%
	CDNS	B	0.03%	0.16%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.1%	0.14%	0.1%
	CF	B	0.07%	0.03%	0.03%
	CFG	B	0.1%	0.04%	0.04%
	CG	A	0.03%	0.02%	0.02%
	CHD	B	0.04%	0.05%	0.04%
	CHRW	C	0.08%	0.02%	0.02%
	CHTR	C	0.35%	0.07%	0.07%
	CI	F	0.48%	0.18%	0.18%
	CINF	A	0.07%	0.04%	0.04%
	CL	D	0.13%	0.14%	0.13%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.33%	0.33%
	CME	A	0.08%	0.15%	0.08%
	CMG	B	0.04%	0.16%	0.04%
	CMI	A	0.19%	0.1%	0.1%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.19%	0.06%	0.06%
	CNH	C	0.02%	0.02%	0.02%
	CNP	B	0.06%	0.04%	0.04%
	COF	B	0.48%	0.13%	0.13%
	COP	C	0.48%	0.25%	0.25%
	COR	B	0.02%	0.08%	0.02%
	COST	B	0.66%	0.79%	0.66%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	A	0.03%	0.1%	0.03%
	CPT	B	0.02%	0.02%	0.02%
	CRBG	B	0.04%	0.02%	0.02%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.15%	0.62%	0.15%
	CSCO	B	0.82%	0.45%	0.45%
	CSL	C	0.05%	0.04%	0.04%
	CSX	B	0.22%	0.13%	0.13%
	CTAS	B	0.08%	0.15%	0.08%
	CTLT	B	0.02%	0.02%	0.02%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	B	0.19%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	D	0.68%	0.13%	0.13%
	CVX	A	1.25%	0.54%	0.54%
	D	C	0.17%	0.09%	0.09%
	DAL	C	0.03%	0.02%	0.02%
	DD	D	0.17%	0.07%	0.07%
	DE	A	0.23%	0.2%	0.2%
	DECK	A	0.03%	0.05%	0.03%
	DELL	C	0.03%	0.07%	0.03%
	DFS	B	0.26%	0.08%	0.08%
	DG	F	0.08%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.16%	0.09%	0.09%
	DHR	F	0.15%	0.31%	0.15%
	DINO	D	0.05%	0.01%	0.01%
	DIS	B	0.45%	0.38%	0.38%
	DKS	C	0.04%	0.02%	0.02%
	DLR	B	0.08%	0.11%	0.08%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.18%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.05%	0.04%	0.04%
	DTE	C	0.07%	0.05%	0.05%
	DUK	C	0.3%	0.16%	0.16%
	DVA	B	0.06%	0.02%	0.02%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.09%	0.08%	0.08%
	EBAY	D	0.17%	0.06%	0.06%
	ECL	D	0.08%	0.12%	0.08%
	ED	D	0.12%	0.06%	0.06%
	EFX	F	0.03%	0.06%	0.03%
	EG	C	0.02%	0.03%	0.02%
	EIX	B	0.1%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.36%	0.18%	0.18%
	EME	C	0.06%	0.04%	0.04%
	EMN	D	0.08%	0.02%	0.02%
	EMR	A	0.17%	0.14%	0.14%
	EOG	A	0.23%	0.15%	0.15%
	EPAM	C	0.02%	0.03%	0.02%
	EQH	B	0.05%	0.03%	0.03%
	EQIX	A	0.08%	0.17%	0.08%
	EQR	B	0.05%	0.05%	0.05%
	EQT	B	0.04%	0.05%	0.04%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.03%	0.04%	0.03%
	ETN	A	0.23%	0.28%	0.23%
	ETR	B	0.12%	0.06%	0.06%
	EVRG	A	0.07%	0.03%	0.03%
	EW	C	0.04%	0.08%	0.04%
	EXC	C	0.17%	0.07%	0.07%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.03%	0.07%	0.03%
	F	C	0.33%	0.08%	0.08%
	FANG	D	0.05%	0.07%	0.05%
	FAST	B	0.07%	0.09%	0.07%
	FBIN	D	0.04%	0.02%	0.02%
	FCNCA	A	0.02%	0.04%	0.02%
	FCX	D	0.14%	0.12%	0.12%
	FDX	B	0.32%	0.13%	0.13%
	FE	C	0.09%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.13%	0.24%	0.13%
	FIS	C	0.12%	0.09%	0.09%
	FITB	A	0.13%	0.06%	0.06%
	FNF	B	0.06%	0.03%	0.03%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	C	0.03%	0.12%	0.03%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.21%	0.13%	0.13%
	GDDY	A	0.03%	0.05%	0.03%
	GE	D	0.15%	0.37%	0.15%
	GEHC	F	0.09%	0.07%	0.07%
	GEN	B	0.04%	0.03%	0.03%
	GEV	B	0.04%	0.17%	0.04%
	GGG	B	0.02%	0.03%	0.02%
	GILD	C	0.37%	0.22%	0.22%
	GIS	D	0.11%	0.07%	0.07%
	GLPI	C	0.02%	0.03%	0.02%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.79%	0.13%	0.13%
	GOOG	C	1.14%	1.72%	1.14%
	GOOGL	C	1.33%	1.98%	1.33%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.09%	0.06%	0.06%
	GRMN	B	0.03%	0.06%	0.03%
	GS	A	0.62%	0.36%	0.36%
	GWW	B	0.08%	0.1%	0.08%
	HAL	C	0.06%	0.05%	0.05%
	HBAN	A	0.08%	0.05%	0.05%
	HCA	F	0.2%	0.13%	0.13%
	HD	A	0.8%	0.77%	0.77%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.14%	0.07%	0.07%
	HII	D	0.03%	0.01%	0.01%
	HLT	A	0.06%	0.12%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.37%	0.29%	0.29%
	HPE	B	0.21%	0.05%	0.05%
	HPQ	B	0.21%	0.07%	0.07%
	HRL	D	0.03%	0.02%	0.02%
	HSIC	B	0.04%	0.02%	0.02%
	HST	C	0.04%	0.02%	0.02%
	HSY	F	0.04%	0.05%	0.04%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	C	0.19%	0.07%	0.07%
	HWM	A	0.07%	0.08%	0.07%
	IBM	C	0.54%	0.37%	0.37%
	ICE	C	0.11%	0.17%	0.11%
	IDXX	F	0.02%	0.07%	0.02%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.05%	0.04%	0.04%
	ILMN	D	0.03%	0.04%	0.03%
	INTC	D	0.89%	0.2%	0.2%
	INTU	C	0.11%	0.38%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	B	0.17%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.07%	0.07%	0.07%
	IR	B	0.03%	0.08%	0.03%
	IRM	D	0.06%	0.06%	0.06%
	ISRG	A	0.09%	0.37%	0.09%
	IT	C	0.03%	0.08%	0.03%
	ITW	B	0.15%	0.16%	0.15%
	J	F	0.05%	0.03%	0.03%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	B	0.06%	0.03%	0.03%
	JCI	C	0.16%	0.11%	0.11%
	JKHY	D	0.02%	0.02%	0.02%
	JNJ	D	0.89%	0.7%	0.7%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.03%	1.33%	1.33%
	K	A	0.07%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.1%	0.03%	0.03%
	KEYS	A	0.04%	0.05%	0.04%
	KHC	F	0.09%	0.06%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.12%	0.18%	0.12%
	KLAC	D	0.08%	0.17%	0.08%
	KMB	D	0.1%	0.09%	0.09%
	KMI	A	0.23%	0.1%	0.1%
	KMX	B	0.06%	0.02%	0.02%
	KNX	B	0.04%	0.02%	0.02%
	KO	D	0.35%	0.49%	0.35%
	KR	B	0.3%	0.08%	0.08%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.03%	0.03%
	LDOS	C	0.07%	0.04%	0.04%
	LEN	D	0.16%	0.08%	0.08%
	LH	C	0.09%	0.04%	0.04%
	LHX	C	0.16%	0.09%	0.09%
	LII	A	0.03%	0.04%	0.03%
	LIN	D	0.33%	0.42%	0.33%
	LKQ	D	0.05%	0.02%	0.02%
	LLY	F	0.2%	1.22%	0.2%
	LMT	D	0.37%	0.22%	0.22%
	LNG	B	0.06%	0.09%	0.06%
	LNT	A	0.04%	0.03%	0.03%
	LOW	D	0.43%	0.3%	0.3%
	LPLA	A	0.04%	0.04%	0.04%
	LRCX	F	0.15%	0.19%	0.15%
	LULU	C	0.01%	0.07%	0.01%
	LUV	C	0.02%	0.01%	0.01%
	LVS	C	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.14%	0.04%	0.04%
	MA	C	0.29%	0.83%	0.29%
	MAA	B	0.03%	0.03%	0.03%
	MAR	B	0.09%	0.13%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.41%	0.34%
	MCHP	D	0.05%	0.07%	0.05%
	MCK	B	0.11%	0.15%	0.11%
	MCO	B	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.17%	0.17%
	MDT	D	0.16%	0.21%	0.16%
	MET	A	0.26%	0.1%	0.1%
	META	D	1.79%	2.43%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MKC	D	0.03%	0.04%	0.03%
	MKL	A	0.05%	0.04%	0.04%
	MLM	B	0.04%	0.07%	0.04%
	MMC	B	0.14%	0.21%	0.14%
	MMM	D	0.35%	0.14%	0.14%
	MNST	C	0.05%	0.08%	0.05%
	MO	A	0.37%	0.18%	0.18%
	MOH	F	0.05%	0.03%	0.03%
	MOS	F	0.06%	0.02%	0.02%
	MPC	D	0.4%	0.11%	0.11%
	MRK	F	0.42%	0.48%	0.42%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.09%	0.03%	0.03%
	MRVL	B	0.04%	0.15%	0.04%
	MS	A	0.46%	0.31%	0.31%
	MSCI	C	0.03%	0.09%	0.03%
	MSFT	F	2.43%	5.79%	2.43%
	MSI	B	0.07%	0.16%	0.07%
	MTB	A	0.11%	0.07%	0.07%
	MTD	D	0.03%	0.05%	0.03%
	MU	D	0.38%	0.21%	0.21%
	NDAQ	A	0.03%	0.06%	0.03%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	D	0.24%	0.3%	0.24%
	NEM	D	0.13%	0.09%	0.09%
	NFLX	A	0.17%	0.69%	0.17%
	NI	A	0.05%	0.03%	0.03%
	NKE	D	0.19%	0.18%	0.18%
	NOC	D	0.2%	0.13%	0.13%
	NOW	A	0.01%	0.41%	0.01%
	NRG	B	0.1%	0.04%	0.04%
	NSC	B	0.21%	0.11%	0.11%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.19%	0.07%	0.07%
	NVDA	C	0.4%	6.93%	0.4%
	NVR	D	0.08%	0.05%	0.05%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	D	0.05%	0.11%	0.05%
	O	D	0.04%	0.09%	0.04%
	OC	A	0.07%	0.03%	0.03%
	ODFL	B	0.06%	0.08%	0.06%
	OKE	A	0.14%	0.12%	0.12%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.04%	0.06%	0.04%
	ORCL	B	0.5%	0.59%	0.5%
	ORLY	B	0.11%	0.14%	0.11%
	OTIS	C	0.05%	0.08%	0.05%
	OVV	B	0.06%	0.02%	0.02%
	OXY	D	0.11%	0.06%	0.06%
	PANW	C	0.03%	0.24%	0.03%
	PARA	C	0.11%	0.01%	0.01%
	PAYX	C	0.06%	0.09%	0.06%
	PCAR	B	0.15%	0.12%	0.12%
	PCG	A	0.03%	0.08%	0.03%
	PEG	A	0.11%	0.08%	0.08%
	PEP	F	0.41%	0.44%	0.41%
	PFE	D	0.68%	0.28%	0.28%
	PFG	D	0.09%	0.04%	0.04%
	PG	A	0.77%	0.76%	0.76%
	PGR	A	0.23%	0.29%	0.23%
	PH	A	0.13%	0.17%	0.13%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.07%	0.04%	0.04%
	PLD	D	0.07%	0.2%	0.07%
	PM	B	0.48%	0.38%	0.38%
	PNC	B	0.3%	0.16%	0.16%
	PNR	A	0.04%	0.03%	0.03%
	POOL	C	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.06%	0.06%
	PPL	B	0.11%	0.05%	0.05%
	PRU	A	0.22%	0.09%	0.09%
	PSA	D	0.05%	0.1%	0.05%
	PSX	C	0.36%	0.11%	0.11%
	PWR	A	0.07%	0.09%	0.07%
	PYPL	B	0.22%	0.16%	0.16%
	QCOM	F	0.43%	0.35%	0.35%
	QRVO	F	0.03%	0.01%	0.01%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.16%	0.1%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.05%	0.06%	0.05%
	RMD	C	0.03%	0.06%	0.03%
	ROK	B	0.06%	0.06%	0.06%
	ROP	B	0.05%	0.12%	0.05%
	ROST	C	0.07%	0.09%	0.07%
	RPM	A	0.04%	0.03%	0.03%
	RS	B	0.09%	0.03%	0.03%
	RSG	A	0.06%	0.09%	0.06%
	RTX	C	0.34%	0.3%	0.3%
	RVTY	F	0.03%	0.03%	0.03%
	SBAC	D	0.02%	0.04%	0.02%
	SBUX	A	0.28%	0.22%	0.22%
	SCHW	B	0.13%	0.23%	0.13%
	SEIC	B	0.03%	0.02%	0.02%
	SHW	A	0.08%	0.18%	0.08%
	SJM	D	0.05%	0.02%	0.02%
	SLB	C	0.12%	0.12%	0.12%
	SNA	A	0.06%	0.04%	0.04%
	SNPS	B	0.03%	0.16%	0.03%
	SO	D	0.26%	0.18%	0.18%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	B	0.1%	0.11%	0.1%
	SPGI	C	0.15%	0.31%	0.15%
	SQ	B	0.03%	0.09%	0.03%
	SRE	A	0.13%	0.11%	0.11%
	SSNC	B	0.04%	0.03%	0.03%
	STE	F	0.03%	0.04%	0.03%
	STLD	B	0.11%	0.04%	0.04%
	STT	A	0.1%	0.05%	0.05%
	STX	D	0.09%	0.04%	0.04%
	STZ	D	0.07%	0.08%	0.07%
	SUI	D	0.02%	0.03%	0.02%
	SW	A	0.09%	0.05%	0.05%
	SWK	D	0.07%	0.02%	0.02%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.34%	0.05%	0.05%
	SYK	C	0.13%	0.25%	0.13%
	SYY	B	0.1%	0.07%	0.07%
	T	A	1.27%	0.31%	0.31%
	TAP	C	0.05%	0.02%	0.02%
	TDG	D	0.06%	0.14%	0.06%
	TDY	B	0.03%	0.04%	0.03%
	TER	D	0.04%	0.03%	0.03%
	TFC	A	0.23%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.38%	0.14%	0.14%
	TJX	A	0.22%	0.26%	0.22%
	TMO	F	0.25%	0.39%	0.25%
	TMUS	B	0.25%	0.24%	0.24%
	TRGP	B	0.07%	0.08%	0.07%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.13%	0.05%	0.05%
	TRU	D	0.03%	0.04%	0.03%
	TRV	B	0.31%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	0.28%	1.71%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	A	0.06%	0.18%	0.06%
	TTC	D	0.02%	0.02%	0.02%
	TTWO	A	0.03%	0.06%	0.03%
	TXN	C	0.34%	0.36%	0.34%
	TXT	D	0.06%	0.03%	0.03%
	UBER	D	0.04%	0.26%	0.04%
	UDR	B	0.02%	0.03%	0.02%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.08%	0.02%	0.02%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.22%	1.05%	1.05%
	UNP	C	0.35%	0.28%	0.28%
	UPS	C	0.28%	0.19%	0.19%
	URI	B	0.13%	0.11%	0.11%
	USB	A	0.32%	0.15%	0.15%
	V	A	0.36%	0.93%	0.36%
	VICI	C	0.02%	0.06%	0.02%
	VLO	C	0.39%	0.09%	0.09%
	VMC	B	0.05%	0.07%	0.05%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	F	0.01%	0.03%	0.01%
	VRTX	F	0.07%	0.24%	0.07%
	VST	B	0.16%	0.09%	0.09%
	VTR	C	0.08%	0.05%	0.05%
	VTRS	A	0.1%	0.03%	0.03%
	VZ	C	1.13%	0.33%	0.33%
	WAB	B	0.06%	0.07%	0.06%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.17%	0.01%	0.01%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.12%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.1%	0.15%	0.1%
	WFC	A	1.35%	0.49%	0.49%
	WLK	D	0.02%	0.01%	0.01%
	WM	A	0.15%	0.17%	0.15%
	WMB	A	0.17%	0.13%	0.13%
	WMT	A	1.47%	0.72%	0.72%
	WPC	D	0.02%	0.02%	0.02%
	WRB	A	0.03%	0.04%	0.03%
	WSM	B	0.04%	0.03%	0.03%
	WSO	A	0.03%	0.04%	0.03%
	WST	C	0.02%	0.05%	0.02%
	WTRG	B	0.01%	0.02%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	XEL	A	0.12%	0.07%	0.07%
	XOM	B	1.99%	1.04%	1.04%
	XYL	D	0.03%	0.06%	0.03%
	YUM	B	0.08%	0.07%	0.07%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 218 Positions Relative to PBUS

	Symbol	Grade	Weight
	LUMN	C	0.65%
	ARW	D	0.08%
	USFD	A	0.08%
	WHR	B	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	VFC	C	0.07%
	CMA	A	0.07%
	THC	D	0.07%
	R	B	0.07%
	X	C	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	TOL	B	0.06%
	M	D	0.06%
	JEF	A	0.06%
	UNM	A	0.06%
	AA	B	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	FLEX	A	0.06%
	PFGC	B	0.06%
	KSS	F	0.06%
	VNO	B	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	IVZ	B	0.05%
	AN	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	D	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	CASY	A	0.05%
	BWA	D	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	OSK	B	0.04%
	AMG	B	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	FYBR	D	0.04%
	CNO	A	0.04%
	DOX	D	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	RHI	B	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	PVH	C	0.04%
	PNW	B	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	UGI	A	0.04%
	EXP	A	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	KBH	D	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	VOYA	B	0.03%
	ARMK	B	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	EWBC	A	0.03%
	WU	D	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	B	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%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	B	0.02%
	XRX	F	0.02%
	ASO	F	0.02%
	WERN	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	B	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	D	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GXO	B	0.02%
	PENN	C	0.02%
	HOG	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	NVT	B	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	LAMR	D	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	MTG	C	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	ATR	B	0.02%
	BJ	A	0.02%
	EHC	B	0.02%
	RUSHA	C	0.02%
	SAIC	F	0.02%
	REZI	A	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	SON	D	0.02%
	AXTA	A	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	DBX	B	0.01%
	ICLR	D	0.01%
	MSM	C	0.01%
	SPTN	D	0.01%
	CHE	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	B	0.01%
	BLD	D	0.01%
	TNL	A	0.01%
	PRGO	B	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	HRB	D	0.01%
	XRAY	F	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	UNFI	A	0.01%
	CRI	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 81 Positions Relative to PBUS

	Symbol	Grade	Weight
	PLTR	B	-0.23%
	MELI	D	-0.16%
	CRWD	B	-0.15%
	TTD	B	-0.11%
	RCL	A	-0.11%
	WDAY	B	-0.11%
	APP	B	-0.11%
	FICO	B	-0.11%
	ABNB	C	-0.11%
	MSTR	C	-0.1%
	COIN	C	-0.1%
	DASH	A	-0.1%
	WCN	A	-0.09%
	FLUT	A	-0.09%
	TEAM	A	-0.08%
	VRT	B	-0.08%
	AXON	A	-0.08%
	VEEV	C	-0.07%
	DDOG	A	-0.07%
	SNOW	C	-0.07%
	DXCM	D	-0.06%
	CSGP	D	-0.06%
	ARES	A	-0.06%
	ALNY	D	-0.06%
	HUBS	A	-0.06%
	RBLX	C	-0.05%
	VLTO	D	-0.05%
	TYL	B	-0.05%
	MPWR	F	-0.05%
	NET	B	-0.05%
	TPL	A	-0.05%
	FDS	B	-0.04%
	ZS	C	-0.04%
	ZM	B	-0.04%
	LYV	A	-0.04%
	MDB	C	-0.04%
	PTC	A	-0.04%
	ROL	B	-0.03%
	TOST	B	-0.03%
	TW	A	-0.03%
	ENTG	D	-0.03%
	DT	C	-0.03%
	PSTG	D	-0.03%
	HEI	B	-0.03%
	TWLO	A	-0.03%
	UTHR	C	-0.03%
	DOCU	A	-0.03%
	HOOD	B	-0.03%
	MANH	D	-0.03%
	PINS	D	-0.03%
	PODD	C	-0.03%
	DKNG	B	-0.03%
	MTCH	D	-0.02%
	CHRD	D	-0.02%
	ENPH	F	-0.02%
	EXAS	D	-0.02%
	ROKU	D	-0.02%
	WYNN	D	-0.02%
	SMCI	F	-0.02%
	RPRX	D	-0.02%
	MKTX	D	-0.02%
	IOT	A	-0.02%
	ERIE	D	-0.02%
	PAYC	B	-0.02%
	TECH	D	-0.02%
	SNAP	C	-0.02%
	Z	A	-0.02%
	HEI	B	-0.02%
	NBIX	C	-0.02%
	AMH	D	-0.02%
	DAY	B	-0.02%
	BMRN	D	-0.02%
	OKTA	C	-0.02%
	ELS	C	-0.02%
	INCY	C	-0.02%
	CELH	F	-0.01%
	FOX	A	-0.01%
	H	B	-0.01%
	RIVN	F	-0.01%
	BIO	D	-0.01%
	BSY	D	-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

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50