FNDX vs. RECS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Columbia Research Enhanced Core ETF (RECS)

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

$71.15

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$33.75

Average Daily Volume

252,272

Number of Holdings ^*

357

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	RECS
30 Days	3.09%	2.09%
60 Days	4.23%	3.72%
90 Days	6.97%	4.85%
12 Months	26.34%	32.65%

256 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in RECS	Overlap
	AAPL	C	4.51%	8.23%	4.51%
	ABBV	C	0.6%	0.68%	0.6%
	ACI	F	0.02%	0.04%	0.02%
	ACM	B	0.04%	0.06%	0.04%
	ADBE	F	0.22%	0.59%	0.22%
	ADM	D	0.22%	0.15%	0.15%
	ADP	B	0.15%	0.52%	0.15%
	AEE	C	0.07%	0.18%	0.07%
	AES	C	0.06%	0.11%	0.06%
	AIZ	B	0.03%	0.06%	0.03%
	ALL	B	0.29%	0.28%	0.28%
	ALSN	B	0.04%	0.03%	0.03%
	AMG	C	0.03%	0.03%	0.03%
	AMGN	B	0.48%	0.35%	0.35%
	AMT	C	0.14%	0.62%	0.14%
	AMZN	C	1.42%	4.88%	1.42%
	ANET	B	0.04%	0.25%	0.04%
	AOS	D	0.03%	0.05%	0.03%
	ARE	C	0.03%	0.12%	0.03%
	ARMK	B	0.03%	0.04%	0.03%
	AVTR	B	0.03%	0.12%	0.03%
	AYI	B	0.04%	0.04%	0.04%
	BAC	D	1.22%	1.51%	1.22%
	BAX	C	0.09%	0.14%	0.09%
	BDX	D	0.11%	0.46%	0.11%
	BEN	F	0.04%	0.03%	0.03%
	BG	D	0.11%	0.07%	0.07%
	BIIB	F	0.1%	0.06%	0.06%
	BK	B	0.26%	0.3%	0.26%
	BKNG	C	0.2%	0.5%	0.2%
	BLD	D	0.01%	0.05%	0.01%
	BLDR	C	0.04%	0.11%	0.04%
	BLK	B	0.26%	0.74%	0.26%
	BMY	C	0.35%	0.67%	0.35%
	BR	D	0.04%	0.11%	0.04%
	BRX	B	0.02%	0.05%	0.02%
	BURL	B	0.03%	0.06%	0.03%
	C	C	1.04%	0.63%	0.63%
	CACI	B	0.03%	0.05%	0.03%
	CAG	C	0.07%	0.08%	0.07%
	CAH	C	0.07%	0.19%	0.07%
	CAT	B	0.39%	0.78%	0.39%
	CBOE	C	0.02%	0.12%	0.02%
	CCL	C	0.05%	0.07%	0.05%
	CE	F	0.06%	0.11%	0.06%
	CF	C	0.06%	0.12%	0.06%
	CI	C	0.55%	0.69%	0.55%
	CIEN	C	0.03%	0.02%	0.02%
	CL	D	0.16%	0.45%	0.16%
	CLF	F	0.03%	0.04%	0.03%
	CME	C	0.08%	0.45%	0.08%
	CMI	C	0.17%	0.19%	0.17%
	CNC	D	0.25%	0.27%	0.25%
	CRBG	D	0.03%	0.04%	0.03%
	CRI	D	0.02%	0.01%	0.01%
	CRM	D	0.12%	0.62%	0.12%
	CSCO	C	0.73%	0.53%	0.53%
	CSL	B	0.05%	0.09%	0.05%
	CSX	D	0.21%	0.3%	0.21%
	CTAS	B	0.09%	0.32%	0.09%
	CTRA	D	0.01%	0.05%	0.01%
	CVX	D	1.07%	0.75%	0.75%
	CW	B	0.03%	0.05%	0.03%
	DAL	C	0.02%	0.13%	0.02%
	DBX	D	0.01%	0.02%	0.01%
	DCI	C	0.02%	0.04%	0.02%
	DECK	C	0.03%	0.1%	0.03%
	DELL	D	0.01%	0.07%	0.01%
	DHI	B	0.2%	0.21%	0.2%
	DINO	F	0.05%	0.02%	0.02%
	DIS	D	0.37%	0.41%	0.37%
	DKS	D	0.05%	0.05%	0.05%
	DTE	C	0.08%	0.2%	0.08%
	EA	D	0.08%	0.09%	0.08%
	EG	C	0.03%	0.09%	0.03%
	EIX	C	0.11%	0.26%	0.11%
	EME	B	0.06%	0.09%	0.06%
	EOG	D	0.2%	0.21%	0.2%
	EQH	C	0.05%	0.07%	0.05%
	EQIX	C	0.08%	0.45%	0.08%
	ETR	B	0.11%	0.22%	0.11%
	EVRG	B	0.07%	0.11%	0.07%
	EWBC	D	0.03%	0.06%	0.03%
	EXC	C	0.18%	0.32%	0.18%
	EXP	B	0.02%	0.08%	0.02%
	EXPD	C	0.02%	0.08%	0.02%
	EXPE	C	0.03%	0.06%	0.03%
	FANG	D	0.05%	0.1%	0.05%
	FCNCA	D	0.02%	0.13%	0.02%
	FDX	C	0.32%	0.3%	0.3%
	FFIV	B	0.03%	0.03%	0.03%
	FHN	D	0.03%	0.05%	0.03%
	FITB	B	0.13%	0.16%	0.13%
	FOXA	B	0.09%	0.02%	0.02%
	FTI	D	0.02%	0.03%	0.02%
	FTNT	C	0.03%	0.12%	0.03%
	FTV	C	0.03%	0.12%	0.03%
	G	C	0.02%	0.03%	0.02%
	GAP	F	0.04%	0.02%	0.02%
	GILD	B	0.35%	0.19%	0.19%
	GIS	B	0.13%	0.22%	0.13%
	GL	C	0.03%	0.05%	0.03%
	GLPI	C	0.02%	0.07%	0.02%
	GNRC	D	0.02%	0.04%	0.02%
	GOOG	D	1.06%	1.88%	1.06%
	GOOGL	D	1.22%	2.22%	1.22%
	GPN	D	0.08%	0.16%	0.08%
	HCA	B	0.25%	0.53%	0.25%
	HLT	B	0.06%	0.2%	0.06%
	HOLX	B	0.04%	0.13%	0.04%
	HPE	D	0.18%	0.06%	0.06%
	HPQ	D	0.2%	0.09%	0.09%
	HRB	C	0.02%	0.03%	0.02%
	HST	C	0.04%	0.07%	0.04%
	INGR	B	0.05%	0.05%	0.05%
	INTU	C	0.11%	0.45%	0.11%
	INVH	C	0.03%	0.12%	0.03%
	ITT	B	0.03%	0.05%	0.03%
	JAZZ	D	0.01%	0.04%	0.01%
	JEF	B	0.05%	0.06%	0.05%
	JHG	B	0.03%	0.03%	0.03%
	JLL	B	0.09%	0.07%	0.07%
	JNJ	C	1.0%	2.71%	1.0%
	JNPR	B	0.05%	0.03%	0.03%
	JPM	D	1.94%	3.38%	1.94%
	K	B	0.07%	0.11%	0.07%
	KHC	C	0.11%	0.16%	0.11%
	KMB	D	0.11%	0.26%	0.11%
	KR	C	0.3%	0.19%	0.19%
	L	C	0.05%	0.08%	0.05%
	LDOS	B	0.08%	0.09%	0.08%
	LEA	F	0.05%	0.02%	0.02%
	LECO	F	0.02%	0.05%	0.02%
	LEN	B	0.19%	0.17%	0.17%
	LEN	B	0.19%	0.01%	0.01%
	LMT	C	0.4%	0.55%	0.4%
	LNC	D	0.05%	0.03%	0.03%
	LPX	B	0.03%	0.05%	0.03%
	LRCX	F	0.16%	0.26%	0.16%
	LULU	D	0.02%	0.12%	0.02%
	LVS	D	0.03%	0.05%	0.03%
	LYB	D	0.16%	0.2%	0.16%
	M	F	0.05%	0.02%	0.02%
	MAN	C	0.05%	0.02%	0.02%
	MAS	B	0.06%	0.08%	0.06%
	MCK	F	0.1%	0.46%	0.1%
	MDT	C	0.27%	0.8%	0.27%
	MET	B	0.26%	0.26%	0.26%
	META	B	1.85%	2.88%	1.85%
	MGM	F	0.05%	0.03%	0.03%
	MHK	C	0.07%	0.03%	0.03%
	MIDD	D	0.02%	0.03%	0.02%
	MMC	C	0.15%	0.64%	0.15%
	MMM	B	0.4%	0.34%	0.34%
	MO	C	0.39%	0.46%	0.39%
	MOS	F	0.05%	0.07%	0.05%
	MPC	F	0.41%	0.17%	0.17%
	MRNA	F	0.04%	0.04%	0.04%
	MRO	C	0.08%	0.05%	0.05%
	MSFT	C	2.54%	8.23%	2.54%
	MSI	B	0.06%	0.19%	0.06%
	MSM	D	0.01%	0.02%	0.01%
	MTD	D	0.04%	0.19%	0.04%
	MTG	B	0.03%	0.04%	0.03%
	NI	B	0.05%	0.12%	0.05%
	NOW	B	0.01%	0.46%	0.01%
	NTAP	D	0.08%	0.06%	0.06%
	NUE	F	0.18%	0.28%	0.18%
	NVDA	D	0.38%	7.43%	0.38%
	NVR	B	0.08%	0.1%	0.08%
	NWSA	D	0.04%	0.02%	0.02%
	OC	D	0.06%	0.06%	0.06%
	OGN	D	0.07%	0.04%	0.04%
	OLN	D	0.03%	0.04%	0.03%
	OTIS	C	0.05%	0.17%	0.05%
	OXY	F	0.11%	0.11%	0.11%
	PANW	D	0.03%	0.27%	0.03%
	PAYX	C	0.06%	0.2%	0.06%
	PCAR	D	0.13%	0.23%	0.13%
	PCG	C	0.03%	0.34%	0.03%
	PG	C	0.84%	2.18%	0.84%
	PH	B	0.12%	0.35%	0.12%
	PHM	B	0.13%	0.11%	0.11%
	PK	D	0.02%	0.02%	0.02%
	PKG	B	0.07%	0.16%	0.07%
	PM	C	0.51%	1.04%	0.51%
	PPG	D	0.08%	0.24%	0.08%
	PRGO	D	0.02%	0.03%	0.02%
	PRU	C	0.23%	0.24%	0.23%
	PSX	F	0.36%	0.17%	0.17%
	PVH	F	0.04%	0.02%	0.02%
	PYPL	B	0.19%	0.41%	0.19%
	QCOM	D	0.47%	0.49%	0.47%
	QRVO	F	0.05%	0.02%	0.02%
	R	A	0.06%	0.03%	0.03%
	REGN	C	0.16%	0.23%	0.16%
	RGA	C	0.04%	0.08%	0.04%
	RHI	D	0.03%	0.03%	0.03%
	RJF	C	0.04%	0.13%	0.04%
	RL	C	0.03%	0.03%	0.03%
	ROST	C	0.08%	0.19%	0.08%
	RPM	B	0.04%	0.12%	0.04%
	RS	D	0.08%	0.13%	0.08%
	SAIC	C	0.03%	0.03%	0.03%
	SBAC	C	0.02%	0.14%	0.02%
	SEIC	C	0.02%	0.04%	0.02%
	SKX	D	0.03%	0.03%	0.03%
	SLM	D	0.04%	0.03%	0.03%
	SNA	C	0.04%	0.07%	0.04%
	SNX	D	0.02%	0.02%	0.02%
	SOLV	C	0.04%	0.07%	0.04%
	SON	C	0.03%	0.04%	0.03%
	SPG	B	0.11%	0.3%	0.11%
	SSNC	B	0.04%	0.07%	0.04%
	STLD	F	0.09%	0.13%	0.09%
	STT	A	0.09%	0.14%	0.09%
	SWK	B	0.08%	0.07%	0.07%
	SWKS	D	0.05%	0.04%	0.04%
	SYF	C	0.27%	0.11%	0.11%
	T	C	1.37%	0.38%	0.38%
	TAP	D	0.05%	0.05%	0.05%
	TGT	C	0.37%	0.36%	0.36%
	THC	A	0.08%	0.11%	0.08%
	THO	D	0.04%	0.02%	0.02%
	TJX	B	0.24%	0.51%	0.24%
	TMO	B	0.29%	1.57%	0.29%
	TNL	D	0.01%	0.01%	0.01%
	TOL	B	0.06%	0.06%	0.06%
	TPR	C	0.04%	0.04%	0.04%
	TROW	D	0.11%	0.13%	0.11%
	TT	B	0.09%	0.38%	0.09%
	UBER	C	0.04%	0.65%	0.04%
	UGI	C	0.04%	0.04%	0.04%
	UNM	B	0.05%	0.06%	0.05%
	UNP	C	0.4%	0.7%	0.4%
	UPS	D	0.25%	0.43%	0.25%
	VLO	F	0.38%	0.13%	0.13%
	VRSN	D	0.01%	0.04%	0.01%
	VRTX	D	0.08%	0.25%	0.08%
	VST	C	0.11%	0.25%	0.11%
	VTRS	D	0.1%	0.09%	0.09%
	WAB	B	0.06%	0.14%	0.06%
	WCC	D	0.03%	0.03%	0.03%
	WFC	D	1.06%	1.07%	1.06%
	WLK	D	0.02%	0.04%	0.02%
	WM	D	0.15%	0.38%	0.15%
	WPC	C	0.02%	0.08%	0.02%
	WSM	D	0.05%	0.07%	0.05%
	WTW	C	0.07%	0.17%	0.07%
	WU	F	0.04%	0.02%	0.02%
	WY	C	0.09%	0.13%	0.09%
	XEL	B	0.12%	0.28%	0.12%
	XOM	C	1.92%	1.55%	1.55%
	XRAY	D	0.02%	0.04%	0.02%
	ZBH	F	0.05%	0.15%	0.05%
	ZION	D	0.05%	0.04%	0.04%

FNDX Overweight 463 Positions Relative to RECS

	Symbol	Grade	Weight
	BRK.A	C	2.29%
	WMT	C	1.51%
	VZ	B	1.32%
	UNH	C	1.25%
	HD	B	0.78%
	PFE	C	0.75%
	CMCSA	D	0.75%
	COST	B	0.73%
	GM	C	0.69%
	CVS	D	0.68%
	AVGO	C	0.68%
	IBM	B	0.61%
	INTC	F	0.6%
	LUMN	C	0.57%
	GS	C	0.56%
	MRK	D	0.51%
	ELV	C	0.5%
	ORCL	C	0.47%
	PEP	C	0.45%
	KO	C	0.43%
	LOW	B	0.42%
	COP	D	0.42%
	COF	B	0.39%
	RTX	C	0.37%
	AXP	B	0.37%
	V	C	0.35%
	MS	D	0.35%
	LIN	B	0.35%
	MU	F	0.35%
	DUK	C	0.34%
	ACN	C	0.34%
	MCD	B	0.34%
	ABT	C	0.34%
	HON	D	0.34%
	TXN	C	0.34%
	CHTR	D	0.32%
	F	F	0.31%
	TRV	C	0.3%
	USB	B	0.3%
	SO	B	0.29%
	PNC	B	0.29%
	NEE	C	0.29%
	CB	B	0.29%
	AIG	D	0.28%
	MA	B	0.28%
	LLY	C	0.27%
	SBUX	C	0.27%
	PGR	B	0.26%
	AMAT	D	0.25%
	TMUS	C	0.24%
	AFL	C	0.23%
	MDLZ	B	0.23%
	GD	B	0.23%
	DE	B	0.22%
	TFC	C	0.22%
	HUM	F	0.21%
	NSC	C	0.21%
	DFS	B	0.21%
	ETN	C	0.21%
	NOC	B	0.21%
	DOW	D	0.2%
	TSN	C	0.2%
	TSLA	C	0.19%
	BBY	C	0.19%
	D	C	0.19%
	KMI	B	0.19%
	NEM	B	0.19%
	EBAY	B	0.19%
	GE	B	0.18%
	DD	B	0.18%
	NKE	D	0.18%
	CTSH	C	0.18%
	AEP	C	0.18%
	DHR	B	0.17%
	LHX	C	0.16%
	ITW	C	0.15%
	EMR	D	0.15%
	WMB	B	0.15%
	NFLX	B	0.15%
	JCI	B	0.15%
	SPGI	B	0.15%
	IP	B	0.15%
	HIG	B	0.15%
	WBA	F	0.14%
	GLW	C	0.14%
	BKR	C	0.14%
	BA	F	0.14%
	AON	B	0.13%
	OKE	B	0.13%
	ICE	C	0.13%
	SYK	C	0.13%
	CARR	B	0.13%
	FIS	B	0.13%
	ED	C	0.13%
	ADI	C	0.13%
	WDC	D	0.13%
	FCX	D	0.13%
	SRE	C	0.12%
	AMP	A	0.12%
	URI	B	0.12%
	CBRE	A	0.12%
	NRG	C	0.11%
	TEL	D	0.11%
	SW	B	0.11%
	CCI	C	0.11%
	SLB	F	0.11%
	WELL	C	0.11%
	BX	B	0.11%
	KKR	B	0.11%
	PPL	C	0.11%
	PEG	B	0.11%
	APD	B	0.11%
	KEY	B	0.1%
	KLAC	D	0.1%
	CEG	C	0.1%
	ALLY	F	0.1%
	STX	C	0.1%
	SCHW	D	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%
	APH	D	0.09%
	ISRG	B	0.09%
	ES	C	0.09%
	SHW	B	0.09%
	VTR	C	0.09%
	ECL	B	0.09%
	BSX	B	0.09%
	PARA	F	0.09%
	AMD	D	0.09%
	MTB	B	0.09%
	STZ	D	0.08%
	IRM	C	0.08%
	RF	B	0.08%
	NXPI	F	0.08%
	TDG	B	0.08%
	MCO	B	0.08%
	MAR	C	0.08%
	OMC	B	0.08%
	EMN	B	0.08%
	DLR	B	0.08%
	YUM	D	0.08%
	ZTS	C	0.08%
	DVN	F	0.08%
	PLD	C	0.08%
	KDP	B	0.08%
	PFG	B	0.08%
	ARW	C	0.08%
	DG	F	0.08%
	IQV	C	0.08%
	WEC	C	0.08%
	HBAN	B	0.07%
	KMX	D	0.07%
	FAST	C	0.07%
	DVA	B	0.07%
	FNF	B	0.07%
	NTRS	A	0.07%
	KSS	F	0.07%
	RSG	D	0.07%
	GEHC	C	0.07%
	CINF	B	0.07%
	USFD	B	0.07%
	AVT	C	0.07%
	DGX	B	0.07%
	CHRW	B	0.07%
	X	F	0.07%
	GWW	B	0.07%
	AVB	B	0.06%
	CDW	D	0.06%
	CNP	C	0.06%
	HAL	F	0.06%
	SJM	C	0.06%
	WBD	D	0.06%
	EQR	B	0.06%
	CMA	B	0.06%
	VFC	C	0.06%
	A	C	0.06%
	IFF	B	0.06%
	TSCO	C	0.06%
	TRGP	B	0.06%
	AZO	D	0.06%
	TXT	D	0.06%
	PSA	B	0.06%
	DOV	B	0.06%
	WHR	D	0.06%
	HWM	B	0.06%
	CMS	C	0.06%
	BALL	C	0.06%
	PWR	B	0.06%
	AFG	B	0.05%
	GRMN	D	0.05%
	AA	D	0.05%
	GPI	B	0.05%
	DRI	B	0.05%
	VNO	B	0.05%
	AME	C	0.05%
	ACGL	C	0.05%
	SIRI	C	0.05%
	GEV	B	0.05%
	TER	D	0.05%
	SFM	B	0.05%
	BWA	D	0.05%
	ORI	B	0.05%
	AWK	B	0.05%
	ODFL	D	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	DXC	C	0.05%
	JBL	D	0.05%
	AN	D	0.05%
	CPAY	B	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%
	ROK	D	0.05%
	ROP	C	0.05%
	AJG	D	0.05%
	MCHP	F	0.05%
	FLEX	C	0.05%
	BXP	B	0.05%
	GPC	D	0.05%
	CASY	D	0.05%
	J	C	0.05%
	ZBRA	B	0.04%
	ESS	B	0.04%
	HAS	B	0.04%
	DPZ	F	0.04%
	CPB	C	0.04%
	PNR	B	0.04%
	MTH	A	0.04%
	WRB	C	0.04%
	MAA	B	0.04%
	CNO	B	0.04%
	WAT	C	0.04%
	BAH	C	0.04%
	CMG	C	0.04%
	BAP	B	0.04%
	MRVL	C	0.04%
	EL	F	0.04%
	EW	F	0.04%
	EFX	B	0.04%
	TMHC	A	0.04%
	ON	D	0.04%
	XYL	C	0.04%
	JXN	A	0.04%
	EXR	B	0.04%
	IPG	C	0.04%
	RMD	C	0.04%
	MKC	C	0.04%
	CCK	A	0.04%
	FYBR	C	0.04%
	DOX	C	0.04%
	ATO	B	0.04%
	CLX	C	0.04%
	KNX	C	0.04%
	MNST	D	0.04%
	EVR	A	0.04%
	DOC	C	0.04%
	VMC	D	0.04%
	HSIC	C	0.04%
	MLM	D	0.04%
	AVY	C	0.04%
	JBHT	D	0.04%
	CHD	D	0.04%
	BERY	B	0.04%
	HSY	C	0.04%
	VRSK	D	0.04%
	O	C	0.04%
	APTV	D	0.04%
	LNT	B	0.04%
	FAF	B	0.04%
	IVZ	B	0.04%
	ZIM	C	0.04%
	HES	F	0.04%
	HII	D	0.04%
	DLTR	F	0.04%
	TDS	C	0.04%
	PNW	C	0.04%
	MKL	C	0.04%
	OVV	F	0.04%
	AAP	F	0.03%
	BRO	C	0.03%
	REG	C	0.03%
	CG	D	0.03%
	CPRI	D	0.03%
	IDXX	C	0.03%
	GDDY	C	0.03%
	BC	C	0.03%
	TRMB	C	0.03%
	FLR	D	0.03%
	ILMN	C	0.03%
	UDR	C	0.03%
	GNTX	F	0.03%
	SCI	B	0.03%
	LPLA	D	0.03%
	SUI	B	0.03%
	CMC	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%
	MSCI	C	0.03%
	NWL	C	0.03%
	VOYA	B	0.03%
	TRU	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	ULTA	D	0.03%
	KVUE	C	0.03%
	SNPS	D	0.03%
	CHKP	B	0.03%
	MLI	A	0.03%
	IR	C	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LII	B	0.03%
	ADSK	C	0.03%
	CDNS	D	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	APO	C	0.03%
	MTZ	B	0.03%
	KIM	C	0.03%
	OGE	C	0.03%
	NXST	D	0.03%
	KBH	A	0.03%
	SANM	D	0.03%
	NDAQ	A	0.03%
	STE	C	0.03%
	CCEP	B	0.03%
	HBI	B	0.03%
	KEYS	C	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%
	AKAM	D	0.03%
	EPAM	F	0.02%
	OI	D	0.02%
	WST	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	CNX	B	0.02%
	CAR	F	0.02%
	GXO	D	0.02%
	AMCR	B	0.02%
	BECN	D	0.02%
	SM	F	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	CC	F	0.02%
	PENN	D	0.02%
	FLO	C	0.02%
	REZI	D	0.02%
	MKSI	F	0.02%
	SQ	D	0.02%
	DAR	F	0.02%
	CHK	D	0.02%
	TGNA	D	0.02%
	TKR	D	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	B	0.02%
	FSLR	C	0.02%
	TPX	C	0.02%
	POR	C	0.02%
	ASGN	D	0.02%
	JWN	C	0.02%
	GGG	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%
	BTU	D	0.02%
	NVT	D	0.02%
	POOL	C	0.02%
	NAVI	C	0.02%
	ALGN	D	0.02%
	QRTEA	F	0.02%
	ST	D	0.02%
	MPW	C	0.02%
	STWD	B	0.02%
	AR	F	0.02%
	NOV	F	0.02%
	POST	C	0.02%
	AXTA	B	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	B	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	C	0.02%
	CTLT	B	0.02%
	CPRT	D	0.02%
	BBWI	F	0.02%
	PRI	B	0.02%
	CPT	B	0.02%
	TDY	B	0.02%
	NSIT	D	0.02%
	VICI	C	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%
	TTWO	C	0.02%
	LAMR	B	0.02%
	HOG	C	0.02%
	HTZ	F	0.01%
	ALK	C	0.01%
	CNXC	F	0.01%
	COHR	C	0.01%
	MATX	B	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	CRL	F	0.01%
	ARCH	F	0.01%
	DK	F	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%
	MTN	D	0.01%
	LILAK	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 101 Positions Relative to RECS

	Symbol	Grade	Weight
	PLTR	B	-0.2%
	CSGP	D	-0.17%
	RCL	B	-0.15%
	CRWD	D	-0.15%
	VRT	C	-0.14%
	SPOT	B	-0.12%
	MPWR	C	-0.11%
	TTD	B	-0.11%
	AMH	C	-0.08%
	APP	C	-0.08%
	UAL	C	-0.08%
	DDOG	D	-0.08%
	QGEN	C	-0.07%
	RPRX	C	-0.07%
	FIX	B	-0.06%
	CVNA	B	-0.06%
	MEDP	F	-0.06%
	ALNY	C	-0.06%
	TEAM	D	-0.06%
	XP	D	-0.05%
	NNN	C	-0.05%
	ELAN	D	-0.05%
	SF	A	-0.05%
	APG	D	-0.04%
	AXS	B	-0.04%
	NTNX	C	-0.04%
	LNW	B	-0.04%
	PSTG	F	-0.04%
	WTFC	B	-0.04%
	STAG	C	-0.04%
	TXRH	C	-0.04%
	MANH	B	-0.04%
	ZS	F	-0.04%
	BRBR	C	-0.04%
	PINS	F	-0.04%
	ZM	C	-0.04%
	NBIX	F	-0.03%
	OZK	D	-0.03%
	RYN	C	-0.03%
	ESAB	C	-0.03%
	BMRN	F	-0.03%
	NEU	D	-0.03%
	FLS	D	-0.03%
	MSA	D	-0.03%
	COLB	B	-0.03%
	DOCU	C	-0.03%
	NTRA	C	-0.03%
	WYNN	D	-0.03%
	CNM	F	-0.03%
	CROX	D	-0.03%
	KEX	C	-0.03%
	UTHR	C	-0.03%
	ASH	D	-0.03%
	COKE	C	-0.03%
	GTLB	D	-0.02%
	VIRT	C	-0.02%
	CIVI	F	-0.02%
	GTES	C	-0.02%
	SRPT	D	-0.02%
	PINC	C	-0.02%
	CRUS	D	-0.02%
	SMAR	C	-0.02%
	AZTA	F	-0.02%
	LSCC	D	-0.02%
	CWEN	C	-0.02%
	HIW	B	-0.02%
	EPR	B	-0.02%
	NYT	C	-0.02%
	WFRD	F	-0.02%
	MTCH	C	-0.02%
	WH	B	-0.02%
	DTM	B	-0.02%
	H	C	-0.02%
	EEFT	D	-0.02%
	ROKU	C	-0.02%
	INCY	C	-0.02%
	SMG	C	-0.02%
	KRC	B	-0.02%
	EXAS	C	-0.02%
	CNA	C	-0.01%
	ADTN	D	-0.01%
	NWS	D	-0.01%
	CWEN	C	-0.01%
	PEGA	C	-0.01%
	APLS	F	-0.01%
	AMKR	F	-0.01%
	REYN	C	-0.01%
	PPC	D	-0.01%
	RARE	B	-0.01%
	COLM	C	-0.01%
	IONS	F	-0.01%
	SAM	F	-0.01%
	PATH	D	-0.01%
	FOX	B	-0.01%
	BILL	D	-0.01%
	VKTX	C	-0.01%
	EXEL	C	-0.01%
	PLTK	C	-0.0%
	SEB	D	-0.0%
	DDS	F	-0.0%
	ALGM	F	-0.0%

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

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Semiconductors Software - Infrastructure Business Services Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Bank Biotechnology Medicine Banking Electricity IBD 50 Work From Home Clothing Dow Jones Component Mining Real Estate Investment Trust Software Telecommunications Electronics Life Insurance