FNDX vs. REVS ETF Comparison

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

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

REVS

Columbia Research Enhanced Value ETF

REVS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Value Index. The fund invests at least 80% of its assets in the securities of the index. The index reflects a rules-based strategic beta approach to investing in the companies that comprise the Russell 1000® Value Index, designed to achieve stronger total return when compared to the Russell 1000® Value Index, which is a broad measure of the performance of U.S. large- and mid-cap value companies.

Grade (RS Rating)

Last Trade

$26.74

Average Daily Volume

10,423

Number of Holdings ^*

304

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	REVS
30 Days	3.67%	4.40%
60 Days	4.58%	6.20%
90 Days	6.53%	7.64%
12 Months	29.67%	31.68%

230 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in REVS	Overlap
	ABBV	D	0.49%	0.65%	0.49%
	ACI	C	0.03%	0.1%	0.03%
	ACM	A	0.05%	0.16%	0.05%
	ADM	D	0.21%	0.31%	0.21%
	ADP	B	0.15%	0.1%	0.1%
	AEE	A	0.07%	0.41%	0.07%
	AES	F	0.05%	0.16%	0.05%
	AIZ	A	0.03%	0.11%	0.03%
	ALL	A	0.27%	0.41%	0.27%
	ALSN	B	0.05%	0.11%	0.05%
	AMAT	F	0.24%	0.17%	0.17%
	AMG	B	0.04%	0.05%	0.04%
	AMGN	D	0.39%	0.13%	0.13%
	AOS	F	0.02%	0.09%	0.02%
	ARE	D	0.03%	0.23%	0.03%
	ARMK	B	0.03%	0.12%	0.03%
	AVTR	F	0.02%	0.17%	0.02%
	AYI	B	0.04%	0.11%	0.04%
	AZO	C	0.06%	0.06%	0.06%
	BAC	A	1.3%	2.95%	1.3%
	BAX	D	0.07%	0.21%	0.07%
	BEN	C	0.04%	0.06%	0.04%
	BG	F	0.1%	0.15%	0.1%
	BIIB	F	0.09%	0.09%	0.09%
	BK	A	0.26%	0.54%	0.26%
	BKNG	A	0.24%	0.13%	0.13%
	BLD	D	0.01%	0.12%	0.01%
	BLDR	D	0.06%	0.21%	0.06%
	BLK	C	0.28%	1.4%	0.28%
	BMY	B	0.45%	1.45%	0.45%
	BR	A	0.03%	0.02%	0.02%
	BRX	A	0.02%	0.12%	0.02%
	C	A	1.1%	1.23%	1.1%
	CACI	D	0.03%	0.11%	0.03%
	CAG	D	0.06%	0.15%	0.06%
	CAH	B	0.07%	0.15%	0.07%
	CAT	B	0.41%	1.74%	0.41%
	CBOE	B	0.01%	0.2%	0.01%
	CCL	B	0.06%	0.3%	0.06%
	CE	F	0.03%	0.08%	0.03%
	CF	B	0.07%	0.23%	0.07%
	CI	F	0.48%	1.03%	0.48%
	CIEN	B	0.03%	0.14%	0.03%
	CL	D	0.13%	0.42%	0.13%
	CLF	F	0.03%	0.05%	0.03%
	CMCSA	B	0.83%	1.09%	0.83%
	CME	A	0.08%	0.78%	0.08%
	CMI	A	0.19%	0.54%	0.19%
	CNC	D	0.19%	0.39%	0.19%
	CRBG	B	0.04%	0.07%	0.04%
	CRI	D	0.01%	0.02%	0.01%
	CRM	B	0.15%	0.68%	0.15%
	CSCO	B	0.82%	3.43%	0.82%
	CSL	C	0.05%	0.19%	0.05%
	CSX	B	0.22%	0.73%	0.22%
	CTAS	B	0.08%	0.04%	0.04%
	CTRA	B	0.03%	0.12%	0.03%
	CVX	A	1.25%	1.61%	1.25%
	CW	B	0.03%	0.15%	0.03%
	DAL	C	0.03%	0.45%	0.03%
	DBX	B	0.01%	0.06%	0.01%
	DCI	B	0.02%	0.1%	0.02%
	DELL	C	0.03%	0.47%	0.03%
	DHI	D	0.16%	0.57%	0.16%
	DINO	D	0.05%	0.04%	0.04%
	DIS	B	0.45%	1.41%	0.45%
	DKS	C	0.04%	0.12%	0.04%
	DTE	C	0.07%	0.42%	0.07%
	EA	A	0.09%	0.3%	0.09%
	EBAY	D	0.17%	0.36%	0.17%
	EG	C	0.02%	0.13%	0.02%
	EIX	B	0.1%	0.55%	0.1%
	EME	C	0.06%	0.16%	0.06%
	EOG	A	0.23%	0.45%	0.23%
	EPAM	C	0.02%	0.18%	0.02%
	EQIX	A	0.08%	1.08%	0.08%
	ETR	B	0.12%	0.54%	0.12%
	EVRG	A	0.07%	0.24%	0.07%
	EWBC	A	0.03%	0.13%	0.03%
	EXC	C	0.17%	0.65%	0.17%
	EXP	A	0.03%	0.03%	0.03%
	EXPD	D	0.04%	0.15%	0.04%
	FANG	D	0.05%	0.2%	0.05%
	FCNCA	A	0.02%	0.25%	0.02%
	FDX	B	0.32%	0.7%	0.32%
	FFIV	B	0.03%	0.21%	0.03%
	FHN	A	0.03%	0.1%	0.03%
	FITB	A	0.13%	0.29%	0.13%
	FOXA	B	0.1%	0.07%	0.07%
	FTI	A	0.01%	0.07%	0.01%
	FTNT	C	0.03%	0.16%	0.03%
	FTV	C	0.03%	0.29%	0.03%
	G	B	0.03%	0.08%	0.03%
	GAP	C	0.04%	0.05%	0.04%
	GEN	B	0.04%	0.23%	0.04%
	GILD	C	0.37%	0.41%	0.37%
	GIS	D	0.11%	0.43%	0.11%
	GL	B	0.03%	0.09%	0.03%
	GLPI	C	0.02%	0.17%	0.02%
	GNRC	B	0.02%	0.06%	0.02%
	GPN	B	0.09%	0.27%	0.09%
	HCA	F	0.2%	0.6%	0.2%
	HLT	A	0.06%	0.36%	0.06%
	HOLX	D	0.04%	0.22%	0.04%
	HPE	B	0.21%	0.42%	0.21%
	HPQ	B	0.21%	0.4%	0.21%
	HRB	D	0.01%	0.07%	0.01%
	HST	C	0.04%	0.16%	0.04%
	INGR	B	0.05%	0.11%	0.05%
	INVH	D	0.03%	0.27%	0.03%
	JAZZ	B	0.01%	0.09%	0.01%
	JHG	A	0.03%	0.05%	0.03%
	JLL	D	0.08%	0.11%	0.08%
	JNJ	D	0.89%	4.62%	0.89%
	JNPR	F	0.05%	0.17%	0.05%
	JPM	A	2.03%	5.41%	2.03%
	K	A	0.07%	0.26%	0.07%
	KHC	F	0.09%	0.33%	0.09%
	KMB	D	0.1%	0.33%	0.1%
	KR	B	0.3%	0.46%	0.3%
	L	A	0.05%	0.14%	0.05%
	LDOS	C	0.07%	0.24%	0.07%
	LEA	D	0.05%	0.06%	0.05%
	LECO	B	0.02%	0.09%	0.02%
	LEN	D	0.16%	0.02%	0.02%
	LEN	D	0.16%	0.47%	0.16%
	LMT	D	0.37%	0.84%	0.37%
	LNC	B	0.05%	0.05%	0.05%
	LPX	B	0.04%	0.03%	0.03%
	LYB	F	0.14%	0.3%	0.14%
	M	D	0.06%	0.05%	0.05%
	MAS	D	0.05%	0.18%	0.05%
	MCK	B	0.11%	0.58%	0.11%
	MDT	D	0.16%	1.34%	0.16%
	MET	A	0.26%	0.45%	0.26%
	MGM	D	0.06%	0.1%	0.06%
	MHK	D	0.06%	0.08%	0.06%
	MIDD	C	0.02%	0.08%	0.02%
	MMC	B	0.14%	0.88%	0.14%
	MMM	D	0.35%	0.62%	0.35%
	MO	A	0.37%	1.16%	0.37%
	MOS	F	0.06%	0.11%	0.06%
	MPC	D	0.4%	0.32%	0.32%
	MRNA	F	0.03%	0.05%	0.03%
	MRO	B	0.09%	0.09%	0.09%
	MSI	B	0.07%	0.63%	0.07%
	MTD	D	0.03%	0.31%	0.03%
	MTG	C	0.02%	0.06%	0.02%
	NI	A	0.05%	0.28%	0.05%
	NTAP	C	0.07%	0.21%	0.07%
	NUE	C	0.19%	0.5%	0.19%
	NVR	D	0.08%	0.31%	0.08%
	NWSA	B	0.04%	0.07%	0.04%
	OC	A	0.07%	0.18%	0.07%
	OGN	D	0.04%	0.05%	0.04%
	OLN	D	0.03%	0.07%	0.03%
	OTIS	C	0.05%	0.44%	0.05%
	OXY	D	0.11%	0.2%	0.11%
	PAYX	C	0.06%	0.31%	0.06%
	PCAR	B	0.15%	0.62%	0.15%
	PCG	A	0.03%	0.76%	0.03%
	PHM	D	0.11%	0.31%	0.11%
	PK	B	0.02%	0.04%	0.02%
	PKG	A	0.07%	0.31%	0.07%
	PM	B	0.48%	2.49%	0.48%
	PPG	F	0.08%	0.4%	0.08%
	PRGO	B	0.01%	0.05%	0.01%
	PRU	A	0.22%	0.41%	0.22%
	PSX	C	0.36%	0.32%	0.32%
	PVH	C	0.04%	0.06%	0.04%
	QCOM	F	0.43%	0.16%	0.16%
	QRVO	F	0.03%	0.09%	0.03%
	R	B	0.07%	0.07%	0.07%
	REGN	F	0.1%	0.27%	0.1%
	RGA	A	0.04%	0.14%	0.04%
	RJF	A	0.05%	0.28%	0.05%
	RL	B	0.03%	0.1%	0.03%
	ROST	C	0.07%	0.41%	0.07%
	RPM	A	0.04%	0.19%	0.04%
	RS	B	0.09%	0.25%	0.09%
	SAIC	F	0.02%	0.07%	0.02%
	SBAC	D	0.02%	0.3%	0.02%
	SEIC	B	0.03%	0.07%	0.03%
	SKX	D	0.02%	0.09%	0.02%
	SLM	A	0.04%	0.05%	0.04%
	SNA	A	0.06%	0.2%	0.06%
	SNX	C	0.03%	0.13%	0.03%
	SOLV	C	0.02%	0.12%	0.02%
	SON	D	0.02%	0.07%	0.02%
	SPG	B	0.1%	0.57%	0.1%
	SSNC	B	0.04%	0.17%	0.04%
	STLD	B	0.11%	0.3%	0.11%
	STT	A	0.1%	0.27%	0.1%
	SW	A	0.09%	0.42%	0.09%
	SWK	D	0.07%	0.14%	0.07%
	SWKS	F	0.04%	0.2%	0.04%
	SYF	B	0.34%	0.24%	0.24%
	T	A	1.27%	1.09%	1.09%
	TAP	C	0.05%	0.13%	0.05%
	TER	D	0.04%	0.02%	0.02%
	TGT	F	0.38%	0.67%	0.38%
	THC	D	0.07%	0.18%	0.07%
	THO	B	0.04%	0.07%	0.04%
	TJX	A	0.22%	0.65%	0.22%
	TNL	A	0.01%	0.04%	0.01%
	TOL	B	0.06%	0.18%	0.06%
	TPR	B	0.05%	0.15%	0.05%
	TROW	B	0.13%	0.24%	0.13%
	TT	A	0.06%	0.67%	0.06%
	UGI	A	0.04%	0.09%	0.04%
	UNM	A	0.06%	0.12%	0.06%
	UNP	C	0.35%	0.8%	0.35%
	UPS	C	0.28%	1.05%	0.28%
	VLO	C	0.39%	0.26%	0.26%
	VRSN	F	0.01%	0.21%	0.01%
	VRTX	F	0.07%	0.23%	0.07%
	VTRS	A	0.1%	0.19%	0.1%
	WAB	B	0.06%	0.37%	0.06%
	WCC	B	0.04%	0.1%	0.04%
	WFC	A	1.35%	2.44%	1.35%
	WLK	D	0.02%	0.06%	0.02%
	WPC	D	0.02%	0.16%	0.02%
	WSM	B	0.04%	0.11%	0.04%
	WTW	B	0.07%	0.29%	0.07%
	WU	D	0.03%	0.03%	0.03%
	WY	D	0.09%	0.29%	0.09%
	XEL	A	0.12%	0.65%	0.12%
	XOM	B	1.99%	3.14%	1.99%
	XRAY	F	0.01%	0.05%	0.01%
	ZION	B	0.06%	0.08%	0.06%

FNDX Overweight 492 Positions Relative to REVS

	Symbol	Grade	Weight
	AAPL	C	4.35%
	MSFT	F	2.43%
	BRK.A	B	2.17%
	META	D	1.79%
	AMZN	C	1.56%
	WMT	A	1.47%
	GOOGL	C	1.33%
	UNH	C	1.22%
	GOOG	C	1.14%
	VZ	C	1.13%
	INTC	D	0.89%
	HD	A	0.8%
	GM	B	0.79%
	PG	A	0.77%
	CVS	D	0.68%
	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%
	COF	B	0.48%
	COP	C	0.48%
	MS	A	0.46%
	LOW	D	0.43%
	MRK	F	0.42%
	PEP	F	0.41%
	NVDA	C	0.4%
	MU	D	0.38%
	HON	B	0.37%
	ACN	C	0.36%
	AXP	A	0.36%
	ELV	F	0.36%
	V	A	0.36%
	CHTR	C	0.35%
	KO	D	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%
	TRV	B	0.31%
	DUK	C	0.3%
	PNC	B	0.3%
	MA	C	0.29%
	TSLA	B	0.28%
	AIG	B	0.28%
	SBUX	A	0.28%
	DFS	B	0.26%
	SO	D	0.26%
	CB	C	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	D	0.24%
	KMI	A	0.23%
	TFC	A	0.23%
	ETN	A	0.23%
	DE	A	0.23%
	PGR	A	0.23%
	PYPL	B	0.22%
	AFL	B	0.21%
	NSC	B	0.21%
	GD	F	0.21%
	ADBE	C	0.2%
	MDLZ	F	0.2%
	NOC	D	0.2%
	TSN	B	0.2%
	LLY	F	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	NKE	D	0.19%
	DOW	F	0.18%
	WMB	A	0.17%
	IP	B	0.17%
	WBA	F	0.17%
	NFLX	A	0.17%
	EMR	A	0.17%
	D	C	0.17%
	DD	D	0.17%
	AEP	D	0.16%
	VST	B	0.16%
	BKR	B	0.16%
	BBY	D	0.16%
	LHX	C	0.16%
	JCI	C	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	LRCX	F	0.15%
	ITW	B	0.15%
	WM	A	0.15%
	GE	D	0.15%
	FCX	D	0.14%
	OKE	A	0.14%
	GLW	B	0.14%
	HIG	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	SYK	C	0.13%
	BX	A	0.13%
	ADI	D	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%
	FIS	C	0.12%
	ED	D	0.12%
	SLB	C	0.12%
	WDC	D	0.12%
	CARR	D	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	MTB	A	0.11%
	PARA	C	0.11%
	PEG	A	0.11%
	BDX	F	0.11%
	PPL	B	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	INTU	C	0.11%
	AMT	D	0.11%
	SYY	B	0.1%
	ALLY	C	0.1%
	CEG	D	0.1%
	KEY	B	0.1%
	WELL	A	0.1%
	NRG	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	CTVA	C	0.09%
	PFG	D	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	APH	A	0.09%
	CCI	D	0.09%
	LH	C	0.09%
	AMD	F	0.09%
	GEHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	HBAN	A	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	VTR	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	OMC	C	0.08%
	KLAC	D	0.08%
	UHS	D	0.08%
	DG	F	0.08%
	GWW	B	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	ECL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	IQV	D	0.07%
	VFC	C	0.07%
	HWM	A	0.07%
	CMA	A	0.07%
	DGX	A	0.07%
	TRGP	B	0.07%
	MCO	B	0.07%
	STZ	D	0.07%
	PWR	A	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	X	C	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	AVT	C	0.07%
	FAST	B	0.07%
	OVV	B	0.06%
	HES	B	0.06%
	ODFL	B	0.06%
	DVA	B	0.06%
	TSCO	D	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	ROK	B	0.06%
	BALL	D	0.06%
	CMS	C	0.06%
	AA	B	0.06%
	OMF	A	0.06%
	LNG	B	0.06%
	FLEX	A	0.06%
	JBL	B	0.06%
	IRM	D	0.06%
	PFGC	B	0.06%
	CNP	B	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	VNO	B	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	ZBH	C	0.05%
	ORI	A	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	NXPI	D	0.05%
	DLTR	F	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%
	GPC	D	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	EQR	B	0.05%
	GPI	A	0.05%
	CASY	A	0.05%
	BWA	D	0.05%
	ROP	B	0.05%
	J	F	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	LKQ	D	0.05%
	SJM	D	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%
	FBIN	D	0.04%
	UBER	D	0.04%
	BCC	B	0.04%
	EXPE	B	0.04%
	OSK	B	0.04%
	AVY	D	0.04%
	IPG	D	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	PNR	A	0.04%
	FYBR	D	0.04%
	CMG	B	0.04%
	HSY	F	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	CLX	B	0.04%
	DOX	D	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	ATO	A	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	CHD	B	0.04%
	AWK	D	0.04%
	EW	C	0.04%
	LNT	A	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	0.04%
	PNW	B	0.04%
	KNX	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	CDW	F	0.04%
	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%
	IEX	B	0.03%
	ACGL	D	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	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%
	LII	A	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	BC	C	0.03%
	STE	F	0.03%
	APO	B	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ALB	C	0.03%
	MSCI	C	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	AMCR	D	0.03%
	CPB	D	0.03%
	EFX	F	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	AKAM	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	D	0.03%
	APA	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	HII	D	0.03%
	HRL	D	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	NDAQ	A	0.03%
	TRMB	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	GRMN	B	0.03%
	MAA	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	BAH	F	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%
	NWL	B	0.03%
	HBI	B	0.03%
	MLI	C	0.03%
	HUBB	B	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%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	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%
	TTC	D	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	ASO	F	0.02%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ANSS	B	0.02%
	ASGN	F	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%
	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%
	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%
	HOG	D	0.02%
	APTV	D	0.02%
	POOL	C	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	NVT	B	0.02%
	BECN	B	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	D	0.02%
	LAMR	D	0.02%
	REG	B	0.02%
	UDR	B	0.02%
	VICI	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%
	REZI	A	0.02%
	BRO	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%
	CNXC	F	0.01%
	CRL	C	0.01%
	ICLR	D	0.01%
	WTRG	B	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%
	FSLR	F	0.01%
	NOW	A	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	D	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 74 Positions Relative to REVS

	Symbol	Grade	Weight
	CSGP	D	-0.4%
	UAL	A	-0.34%
	ZM	B	-0.31%
	TWLO	A	-0.2%
	CVNA	B	-0.2%
	NTNX	A	-0.18%
	AMH	D	-0.16%
	RPRX	D	-0.13%
	BRBR	A	-0.12%
	SF	B	-0.11%
	OKTA	C	-0.1%
	BILL	A	-0.1%
	WYNN	D	-0.1%
	NNN	D	-0.1%
	COKE	C	-0.09%
	STAG	F	-0.09%
	FLS	B	-0.09%
	WH	B	-0.08%
	WTFC	A	-0.08%
	CRUS	D	-0.08%
	KEX	C	-0.08%
	MSA	D	-0.07%
	ESAB	B	-0.07%
	NYT	C	-0.06%
	OLED	D	-0.06%
	RYN	D	-0.06%
	CROX	D	-0.06%
	COLB	A	-0.06%
	KRC	C	-0.06%
	UTHR	C	-0.06%
	AXS	A	-0.06%
	BMRN	D	-0.05%
	GTES	A	-0.05%
	OZK	B	-0.05%
	ROKU	D	-0.05%
	NEU	C	-0.05%
	MTCH	D	-0.05%
	ASH	D	-0.05%
	XP	F	-0.05%
	ALGM	D	-0.04%
	CWEN	C	-0.04%
	FOX	A	-0.04%
	INCY	C	-0.04%
	EEFT	B	-0.04%
	SIRI	C	-0.04%
	SMG	D	-0.04%
	HIW	D	-0.04%
	EPR	D	-0.04%
	AMKR	D	-0.04%
	SAM	C	-0.03%
	VIRT	B	-0.03%
	PINC	B	-0.03%
	PSTG	D	-0.03%
	AZTA	D	-0.03%
	COLM	B	-0.03%
	CNM	D	-0.03%
	CWEN	C	-0.02%
	DDS	B	-0.02%
	REYN	D	-0.02%
	ROIV	C	-0.02%
	CIVI	D	-0.02%
	EXAS	D	-0.02%
	PPC	C	-0.02%
	NWS	B	-0.02%
	ADTN	A	-0.02%
	INFA	D	-0.02%
	EXEL	B	-0.01%
	SEB	F	-0.01%
	CNA	B	-0.01%
	PATH	C	-0.01%
	ALNY	D	-0.01%
	LSCC	D	-0.01%
	IONS	F	-0.0%
	PLTK	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

REVS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Bank Banking Electricity Mining Biotechnology Electronics Real Estate Investment Trust Telecommunications Chemical Clothing Life Insurance Medicine Building Materials Plastic Aerospace