FNDX vs. RVRB ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Reverb ETF (RVRB)

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

$25.04

Average Daily Volume

1,215,309

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.48

Average Daily Volume

211

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	RVRB
30 Days	5.03%	3.72%
60 Days	5.34%	4.84%
90 Days	7.56%	7.54%
12 Months	30.46%	31.75%

424 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in RVRB	Overlap
	A	D	0.05%	0.07%	0.05%
	AAL	B	0.01%	0.01%	0.01%
	AAPL	B	4.35%	5.69%	4.35%
	ABBV	D	0.49%	0.52%	0.49%
	ABT	B	0.34%	0.35%	0.34%
	ACN	B	0.36%	0.39%	0.36%
	ADBE	C	0.2%	0.39%	0.2%
	ADI	D	0.13%	0.19%	0.13%
	ADM	F	0.21%	0.04%	0.04%
	ADP	B	0.15%	0.21%	0.15%
	ADSK	B	0.03%	0.12%	0.03%
	AEE	A	0.07%	0.05%	0.05%
	AEP	D	0.16%	0.09%	0.09%
	AER	A	0.02%	0.04%	0.02%
	AES	F	0.05%	0.01%	0.01%
	AFL	B	0.21%	0.11%	0.11%
	AIG	B	0.28%	0.09%	0.09%
	AJG	A	0.05%	0.11%	0.05%
	AKAM	F	0.03%	0.01%	0.01%
	ALB	C	0.03%	0.01%	0.01%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	B	0.27%	0.09%	0.09%
	AMAT	F	0.24%	0.25%	0.24%
	AMCR	D	0.03%	0.02%	0.02%
	AMD	F	0.09%	0.39%	0.09%
	AME	A	0.05%	0.09%	0.05%
	AMGN	D	0.39%	0.28%	0.28%
	AMP	B	0.15%	0.11%	0.11%
	AMT	D	0.11%	0.17%	0.11%
	AMZN	C	1.56%	4.24%	1.56%
	ANET	C	0.04%	0.22%	0.04%
	ANSS	B	0.02%	0.04%	0.02%
	AON	A	0.13%	0.15%	0.13%
	APD	A	0.13%	0.13%	0.13%
	APH	B	0.09%	0.16%	0.09%
	APO	A	0.03%	0.17%	0.03%
	APTV	F	0.02%	0.02%	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%	1.27%	0.61%
	AVTR	F	0.02%	0.02%	0.02%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.04%	0.04%	0.04%
	AXP	A	0.36%	0.37%	0.36%
	BA	D	0.11%	0.15%	0.11%
	BAC	A	1.3%	0.6%	0.6%
	BAH	F	0.03%	0.04%	0.03%
	BALL	D	0.06%	0.03%	0.03%
	BAX	F	0.07%	0.03%	0.03%
	BBY	D	0.16%	0.03%	0.03%
	BDX	F	0.11%	0.11%	0.11%
	BG	F	0.1%	0.01%	0.01%
	BIIB	F	0.09%	0.04%	0.04%
	BK	A	0.26%	0.11%	0.11%
	BKNG	B	0.24%	0.32%	0.24%
	BKR	C	0.16%	0.08%	0.08%
	BLDR	C	0.06%	0.03%	0.03%
	BLK	C	0.28%	0.26%	0.26%
	BMY	B	0.45%	0.2%	0.2%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	B	2.17%	1.66%	1.66%
	BRO	B	0.02%	0.06%	0.02%
	BSX	C	0.09%	0.24%	0.09%
	BURL	B	0.03%	0.02%	0.02%
	BX	B	0.13%	0.24%	0.13%
	C	A	1.1%	0.23%	0.23%
	CAG	D	0.06%	0.01%	0.01%
	CAH	B	0.07%	0.05%	0.05%
	CARR	C	0.12%	0.12%	0.12%
	CAT	B	0.41%	0.34%	0.34%
	CB	D	0.26%	0.2%	0.2%
	CBRE	B	0.13%	0.07%	0.07%
	CCEP	B	0.02%	0.06%	0.02%
	CCI	D	0.09%	0.08%	0.08%
	CCL	B	0.06%	0.06%	0.06%
	CDNS	B	0.03%	0.16%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.01%	0.01%
	CEG	D	0.1%	0.14%	0.1%
	CF	B	0.07%	0.02%	0.02%
	CFG	B	0.1%	0.04%	0.04%
	CHD	B	0.04%	0.05%	0.04%
	CHKP	D	0.02%	0.03%	0.02%
	CHTR	C	0.35%	0.1%	0.1%
	CI	D	0.48%	0.17%	0.17%
	CINF	A	0.07%	0.04%	0.04%
	CL	D	0.13%	0.13%	0.13%
	CLX	C	0.04%	0.03%	0.03%
	CMCSA	C	0.83%	0.3%	0.3%
	CMG	B	0.04%	0.16%	0.04%
	CMI	A	0.19%	0.09%	0.09%
	CMS	C	0.06%	0.04%	0.04%
	CNC	F	0.19%	0.06%	0.06%
	CNH	A	0.02%	0.01%	0.01%
	CNP	A	0.06%	0.04%	0.04%
	COF	B	0.48%	0.12%	0.12%
	COP	D	0.48%	0.23%	0.23%
	COR	C	0.02%	0.08%	0.02%
	COST	B	0.66%	0.78%	0.66%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.03%	0.01%	0.01%
	CPRT	A	0.03%	0.1%	0.03%
	CRBG	B	0.04%	0.03%	0.03%
	CRM	B	0.15%	0.55%	0.15%
	CSCO	A	0.82%	0.41%	0.41%
	CSL	B	0.05%	0.03%	0.03%
	CSX	B	0.22%	0.12%	0.12%
	CTAS	B	0.08%	0.17%	0.08%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	B	0.19%	0.07%	0.07%
	CTVA	B	0.09%	0.07%	0.07%
	CVS	D	0.68%	0.12%	0.12%
	CVX	B	1.25%	0.52%	0.52%
	D	C	0.17%	0.09%	0.09%
	DAL	B	0.03%	0.07%	0.03%
	DD	D	0.17%	0.06%	0.06%
	DE	B	0.23%	0.21%	0.21%
	DELL	C	0.03%	0.16%	0.03%
	DFS	B	0.26%	0.08%	0.08%
	DG	F	0.08%	0.03%	0.03%
	DGX	B	0.07%	0.03%	0.03%
	DHI	D	0.16%	0.09%	0.09%
	DHR	D	0.15%	0.3%	0.15%
	DIS	B	0.45%	0.36%	0.36%
	DKS	C	0.04%	0.02%	0.02%
	DLR	A	0.08%	0.11%	0.08%
	DLTR	D	0.05%	0.02%	0.02%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.18%	0.06%	0.06%
	DRI	B	0.05%	0.03%	0.03%
	DTE	C	0.07%	0.05%	0.05%
	DUK	C	0.3%	0.15%	0.15%
	DVN	F	0.09%	0.04%	0.04%
	EA	C	0.09%	0.08%	0.08%
	EBAY	C	0.17%	0.05%	0.05%
	ECL	D	0.08%	0.12%	0.08%
	ED	D	0.12%	0.06%	0.06%
	EFX	D	0.03%	0.05%	0.03%
	EG	C	0.02%	0.02%	0.02%
	EL	F	0.03%	0.04%	0.03%
	ELV	F	0.36%	0.15%	0.15%
	EMR	A	0.17%	0.13%	0.13%
	EOG	C	0.23%	0.14%	0.14%
	EQIX	A	0.08%	0.18%	0.08%
	EQR	B	0.05%	0.05%	0.05%
	EQT	B	0.04%	0.02%	0.02%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.03%	0.02%	0.02%
	ETN	A	0.23%	0.26%	0.23%
	ETR	B	0.12%	0.06%	0.06%
	EW	C	0.04%	0.08%	0.04%
	EXC	D	0.17%	0.07%	0.07%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	C	0.03%	0.06%	0.03%
	F	C	0.33%	0.08%	0.08%
	FANG	F	0.05%	0.06%	0.05%
	FAST	B	0.07%	0.08%	0.07%
	FCX	F	0.14%	0.12%	0.12%
	FDX	B	0.32%	0.13%	0.13%
	FE	D	0.09%	0.04%	0.04%
	FI	A	0.13%	0.24%	0.13%
	FIS	D	0.12%	0.08%	0.08%
	FMC	D	0.03%	0.01%	0.01%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	C	0.03%	0.13%	0.03%
	FTV	B	0.03%	0.05%	0.03%
	GDDY	B	0.03%	0.05%	0.03%
	GE	D	0.15%	0.34%	0.15%
	GEHC	F	0.09%	0.07%	0.07%
	GEV	C	0.04%	0.18%	0.04%
	GILD	B	0.37%	0.19%	0.19%
	GIS	D	0.11%	0.06%	0.06%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.79%	0.11%	0.11%
	GOOGL	C	1.33%	4.08%	1.33%
	GPC	D	0.05%	0.03%	0.03%
	GPN	C	0.09%	0.05%	0.05%
	GRMN	A	0.03%	0.07%	0.03%
	GS	B	0.62%	0.34%	0.34%
	GWW	A	0.08%	0.08%	0.08%
	HAL	C	0.06%	0.05%	0.05%
	HBAN	B	0.08%	0.04%	0.04%
	HCA	F	0.2%	0.15%	0.15%
	HD	A	0.8%	0.75%	0.75%
	HES	C	0.06%	0.09%	0.06%
	HIG	B	0.14%	0.06%	0.06%
	HLT	A	0.06%	0.11%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.37%	0.2%	0.2%
	HPE	B	0.21%	0.05%	0.05%
	HPQ	B	0.21%	0.06%	0.06%
	HRL	D	0.03%	0.03%	0.03%
	HSY	F	0.04%	0.07%	0.04%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.19%	0.06%	0.06%
	HWM	B	0.07%	0.08%	0.07%
	IBM	C	0.54%	0.35%	0.35%
	ICE	D	0.11%	0.16%	0.11%
	ICLR	F	0.01%	0.03%	0.01%
	IDXX	F	0.02%	0.05%	0.02%
	IEX	B	0.03%	0.01%	0.01%
	IFF	D	0.05%	0.04%	0.04%
	ILMN	C	0.03%	0.03%	0.03%
	INTC	C	0.89%	0.18%	0.18%
	INTU	C	0.11%	0.33%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	B	0.17%	0.02%	0.02%
	IQV	F	0.07%	0.06%	0.06%
	IR	A	0.03%	0.07%	0.03%
	IRM	C	0.06%	0.06%	0.06%
	ISRG	C	0.09%	0.35%	0.09%
	IT	C	0.03%	0.07%	0.03%
	ITW	A	0.15%	0.14%	0.14%
	J	F	0.05%	0.03%	0.03%
	JBHT	C	0.05%	0.04%	0.04%
	JBL	C	0.06%	0.02%	0.02%
	JCI	C	0.16%	0.1%	0.1%
	JNJ	D	0.89%	0.46%	0.46%
	JPM	B	2.03%	1.18%	1.18%
	K	A	0.07%	0.05%	0.05%
	KDP	D	0.07%	0.08%	0.07%
	KEY	A	0.1%	0.02%	0.02%
	KEYS	B	0.04%	0.05%	0.04%
	KHC	D	0.09%	0.07%	0.07%
	KKR	B	0.12%	0.24%	0.12%
	KLAC	F	0.08%	0.16%	0.08%
	KMB	C	0.1%	0.09%	0.09%
	KMI	B	0.23%	0.11%	0.11%
	KO	D	0.35%	0.51%	0.35%
	KR	A	0.3%	0.07%	0.07%
	KVUE	A	0.05%	0.08%	0.05%
	L	B	0.05%	0.03%	0.03%
	LDOS	D	0.07%	0.04%	0.04%
	LEN	C	0.16%	0.08%	0.08%
	LH	B	0.09%	0.02%	0.02%
	LHX	C	0.16%	0.08%	0.08%
	LIN	D	0.33%	0.38%	0.33%
	LKQ	D	0.05%	0.01%	0.01%
	LLY	F	0.2%	1.26%	0.2%
	LMT	D	0.37%	0.24%	0.24%
	LNG	B	0.06%	0.09%	0.06%
	LOW	C	0.43%	0.27%	0.27%
	LPLA	B	0.04%	0.02%	0.02%
	LRCX	F	0.15%	0.18%	0.15%
	LULU	C	0.01%	0.06%	0.01%
	LUV	B	0.02%	0.03%	0.02%
	LVS	C	0.04%	0.07%	0.04%
	LW	C	0.02%	0.01%	0.01%
	LYB	F	0.14%	0.05%	0.05%
	MA	B	0.29%	0.86%	0.29%
	MAA	B	0.03%	0.03%	0.03%
	MAR	A	0.09%	0.14%	0.09%
	MAS	C	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.36%	0.34%
	MCHP	F	0.05%	0.06%	0.05%
	MCK	C	0.11%	0.16%	0.11%
	MCO	A	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.16%	0.16%
	MDT	D	0.16%	0.19%	0.16%
	MET	A	0.26%	0.11%	0.11%
	META	D	1.79%	2.37%	1.79%
	MGM	F	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.04%	0.03%
	MLM	B	0.04%	0.08%	0.04%
	MMC	A	0.14%	0.2%	0.14%
	MMM	D	0.35%	0.12%	0.12%
	MNST	B	0.05%	0.1%	0.05%
	MO	A	0.37%	0.17%	0.17%
	MOH	F	0.05%	0.04%	0.04%
	MOS	F	0.06%	0.01%	0.01%
	MPC	F	0.4%	0.09%	0.09%
	MRK	F	0.42%	0.34%	0.34%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.09%	0.01%	0.01%
	MRVL	B	0.04%	0.14%	0.04%
	MS	B	0.46%	0.38%	0.38%
	MSCI	C	0.03%	0.07%	0.03%
	MSFT	D	2.43%	6.15%	2.43%
	MSI	C	0.07%	0.16%	0.07%
	MTB	B	0.11%	0.07%	0.07%
	MTD	F	0.03%	0.08%	0.03%
	MU	D	0.38%	0.2%	0.2%
	NDAQ	A	0.03%	0.08%	0.03%
	NEE	D	0.24%	0.27%	0.24%
	NEM	F	0.13%	0.09%	0.09%
	NFLX	B	0.17%	0.68%	0.17%
	NKE	F	0.19%	0.21%	0.19%
	NOC	D	0.2%	0.13%	0.13%
	NOW	B	0.01%	0.4%	0.01%
	NRG	C	0.1%	0.02%	0.02%
	NSC	A	0.21%	0.1%	0.1%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	D	0.19%	0.07%	0.07%
	NVDA	C	0.4%	6.14%	0.4%
	NXPI	D	0.05%	0.1%	0.05%
	O	D	0.04%	0.09%	0.04%
	ODFL	B	0.06%	0.08%	0.06%
	OMC	C	0.08%	0.03%	0.03%
	ON	C	0.04%	0.05%	0.04%
	ORCL	C	0.5%	0.92%	0.5%
	ORLY	B	0.11%	0.15%	0.11%
	OTIS	C	0.05%	0.07%	0.05%
	OXY	F	0.11%	0.09%	0.09%
	PANW	C	0.03%	0.23%	0.03%
	PAYX	B	0.06%	0.09%	0.06%
	PCAR	B	0.15%	0.11%	0.11%
	PCG	B	0.03%	0.1%	0.03%
	PEG	A	0.11%	0.08%	0.08%
	PEP	F	0.41%	0.38%	0.38%
	PFE	D	0.68%	0.24%	0.24%
	PFG	C	0.09%	0.04%	0.04%
	PG	A	0.77%	0.7%	0.7%
	PGR	A	0.23%	0.26%	0.23%
	PH	A	0.13%	0.18%	0.13%
	PHM	C	0.11%	0.05%	0.05%
	PKG	B	0.07%	0.02%	0.02%
	PLD	D	0.07%	0.18%	0.07%
	PM	B	0.48%	0.35%	0.35%
	PNC	A	0.3%	0.14%	0.14%
	PPG	D	0.08%	0.05%	0.05%
	PPL	B	0.11%	0.05%	0.05%
	PRU	A	0.22%	0.08%	0.08%
	PSA	C	0.05%	0.11%	0.05%
	PSX	C	0.36%	0.1%	0.1%
	PWR	A	0.07%	0.09%	0.07%
	PYPL	A	0.22%	0.16%	0.16%
	QCOM	F	0.43%	0.3%	0.3%
	REGN	F	0.1%	0.14%	0.1%
	RF	B	0.09%	0.04%	0.04%
	RJF	A	0.05%	0.06%	0.05%
	RMD	C	0.03%	0.06%	0.03%
	ROK	B	0.06%	0.05%	0.05%
	ROP	B	0.05%	0.11%	0.05%
	ROST	C	0.07%	0.08%	0.07%
	RS	B	0.09%	0.02%	0.02%
	RSG	A	0.06%	0.12%	0.06%
	RTX	D	0.34%	0.28%	0.28%
	RVTY	D	0.03%	0.01%	0.01%
	SBAC	D	0.02%	0.04%	0.02%
	SBUX	B	0.28%	0.19%	0.19%
	SCHW	A	0.13%	0.2%	0.13%
	SHW	A	0.08%	0.17%	0.08%
	SJM	D	0.05%	0.01%	0.01%
	SNPS	B	0.03%	0.14%	0.03%
	SO	D	0.26%	0.18%	0.18%
	SPG	C	0.1%	0.1%	0.1%
	SPGI	C	0.15%	0.29%	0.15%
	SQ	B	0.03%	0.1%	0.03%
	SRE	A	0.13%	0.11%	0.11%
	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%	0.02%	0.02%
	SW	B	0.09%	0.03%	0.03%
	SWKS	F	0.04%	0.01%	0.01%
	SYK	C	0.13%	0.25%	0.13%
	SYY	C	0.1%	0.07%	0.07%
	T	A	1.27%	0.28%	0.28%
	TDG	D	0.06%	0.17%	0.06%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.23%	0.11%	0.11%
	TGT	F	0.38%	0.1%	0.1%
	TJX	A	0.22%	0.25%	0.22%
	TMO	F	0.25%	0.33%	0.25%
	TMUS	A	0.25%	0.45%	0.25%
	TRGP	B	0.07%	0.08%	0.07%
	TRMB	B	0.03%	0.01%	0.01%
	TROW	A	0.13%	0.05%	0.05%
	TRV	B	0.31%	0.1%	0.1%
	TSCO	C	0.06%	0.05%	0.05%
	TSLA	B	0.28%	1.78%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	B	0.06%	0.16%	0.06%
	TTWO	B	0.03%	0.06%	0.03%
	TXN	D	0.34%	0.32%	0.32%
	TXT	D	0.06%	0.03%	0.03%
	UBER	D	0.04%	0.26%	0.04%
	ULTA	F	0.03%	0.02%	0.02%
	UNH	B	1.22%	0.97%	0.97%
	UNP	C	0.35%	0.26%	0.26%
	UPS	C	0.28%	0.2%	0.2%
	URI	B	0.13%	0.11%	0.11%
	USB	A	0.32%	0.14%	0.14%
	V	A	0.36%	1.19%	0.36%
	VICI	C	0.02%	0.06%	0.02%
	VLO	C	0.39%	0.08%	0.08%
	VMC	B	0.05%	0.07%	0.05%
	VRSK	A	0.04%	0.07%	0.04%
	VRSN	F	0.01%	0.04%	0.01%
	VRTX	D	0.07%	0.2%	0.07%
	VST	B	0.16%	0.1%	0.1%
	VTR	D	0.08%	0.05%	0.05%
	VZ	B	1.13%	0.3%	0.3%
	WAB	B	0.06%	0.06%	0.06%
	WAT	B	0.04%	0.05%	0.04%
	WBA	D	0.17%	0.01%	0.01%
	WBD	C	0.08%	0.04%	0.04%
	WDC	C	0.12%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	C	0.1%	0.15%	0.1%
	WFC	A	1.35%	0.45%	0.45%
	WLK	D	0.02%	0.03%	0.02%
	WM	A	0.15%	0.15%	0.15%
	WMB	B	0.17%	0.13%	0.13%
	WMT	B	1.47%	1.27%	1.27%
	WPC	D	0.02%	0.01%	0.01%
	WRB	A	0.03%	0.02%	0.02%
	WSM	B	0.04%	0.02%	0.02%
	WSO	A	0.03%	0.03%	0.03%
	WST	C	0.02%	0.04%	0.02%
	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	C	1.99%	0.91%	0.91%
	XYL	D	0.03%	0.06%	0.03%
	YUM	B	0.08%	0.07%	0.07%
	ZBH	C	0.05%	0.04%	0.04%
	ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 297 Positions Relative to RVRB

	Symbol	Grade	Weight
	GOOG	C	1.14%
	LUMN	C	0.65%
	SYF	A	0.34%
	GD	F	0.21%
	OKE	C	0.14%
	FITB	B	0.13%
	SLB	C	0.12%
	PARA	C	0.11%
	EIX	A	0.1%
	ALLY	C	0.1%
	FOXA	C	0.1%
	VTRS	B	0.1%
	ARW	D	0.08%
	EMN	D	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	WHR	B	0.08%
	CME	A	0.08%
	UHS	D	0.08%
	WKC	D	0.08%
	JLL	B	0.08%
	OC	B	0.07%
	VFC	C	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	R	B	0.07%
	X	C	0.07%
	LAD	B	0.07%
	AVT	C	0.07%
	SNA	A	0.06%
	OVV	C	0.06%
	TOL	A	0.06%
	M	D	0.06%
	DVA	B	0.06%
	JEF	A	0.06%
	UNM	A	0.06%
	AZO	C	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	FLEX	B	0.06%
	PFGC	A	0.06%
	EME	B	0.06%
	FNF	B	0.06%
	KSS	F	0.06%
	KMX	B	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	NI	A	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	IVZ	B	0.05%
	JNPR	F	0.05%
	AN	B	0.05%
	BXP	D	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	B	0.05%
	DINO	F	0.05%
	BWA	C	0.05%
	TPR	A	0.05%
	SFM	B	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	TAP	C	0.05%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	SSNC	A	0.04%
	OSK	B	0.04%
	AMG	B	0.04%
	IPG	C	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	PNR	B	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CNO	A	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	SLM	B	0.04%
	TMHC	A	0.04%
	CCK	D	0.04%
	ZBRA	A	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	RHI	C	0.04%
	HSIC	B	0.04%
	LNT	A	0.04%
	GEN	A	0.04%
	FAF	B	0.04%
	MUSA	B	0.04%
	BERY	B	0.04%
	PVH	C	0.04%
	NWSA	B	0.04%
	PNW	B	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	B	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	B	0.04%
	MAN	D	0.04%
	UGI	A	0.04%
	EXP	B	0.03%
	SEE	C	0.03%
	THG	C	0.03%
	LSTR	B	0.03%
	PRI	A	0.03%
	AR	B	0.03%
	SCI	A	0.03%
	ACI	C	0.03%
	ACGL	D	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	C	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	C	0.03%
	CW	B	0.03%
	TPH	C	0.03%
	LII	A	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%
	SEIC	A	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	ARMK	A	0.03%
	AIZ	B	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	FL	D	0.03%
	RRX	A	0.03%
	RL	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	APA	F	0.03%
	MTH	C	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	HII	F	0.03%
	EWBC	B	0.03%
	WU	D	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	FFIV	A	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	B	0.03%
	CMC	B	0.03%
	DOC	C	0.03%
	OLN	F	0.03%
	DECK	A	0.03%
	DPZ	C	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	A	0.03%
	HBI	B	0.03%
	GL	C	0.03%
	MLI	C	0.03%
	MDU	F	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	C	0.02%
	ALV	C	0.02%
	ALK	A	0.02%
	ADNT	F	0.02%
	FLO	C	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	D	0.02%
	BPOP	B	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	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%
	GLPI	B	0.02%
	WERN	B	0.02%
	OI	C	0.02%
	POST	B	0.02%
	NFG	B	0.02%
	ASGN	D	0.02%
	NAVI	C	0.02%
	SM	C	0.02%
	NDSN	B	0.02%
	CZR	D	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	A	0.02%
	MUR	F	0.02%
	TPX	A	0.02%
	PII	F	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	EPAM	C	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%
	JKHY	D	0.02%
	CPT	B	0.02%
	HOG	F	0.02%
	POOL	C	0.02%
	NOV	C	0.02%
	DCI	A	0.02%
	FCNCA	B	0.02%
	NVT	B	0.02%
	AOS	D	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	LAMR	C	0.02%
	REG	B	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	UDR	B	0.02%
	MTG	B	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	ATR	B	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	RUSHA	B	0.02%
	SAIC	F	0.02%
	REZI	B	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	C	0.02%
	SON	D	0.02%
	AXTA	A	0.02%
	SOLV	C	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	F	0.01%
	CNXC	F	0.01%
	CRL	C	0.01%
	DBX	C	0.01%
	WTRG	B	0.01%
	MSM	C	0.01%
	SPTN	F	0.01%
	CHE	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	B	0.01%
	BLD	C	0.01%
	CBOE	B	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	ALLE	D	0.01%
	FTI	A	0.01%
	JWN	A	0.01%
	HRB	D	0.01%
	XRAY	F	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	F	0.01%
	UNFI	A	0.01%
	CRI	F	0.01%
	CNX	B	0.01%
	CPRI	F	0.01%

FNDX Underweight 86 Positions Relative to RVRB

	Symbol	Grade	Weight
	PLTR	B	-0.25%
	SHOP	B	-0.23%
	APP	B	-0.19%
	TD	F	-0.17%
	CRWD	B	-0.16%
	SCCO	F	-0.15%
	ABNB	C	-0.15%
	FICO	B	-0.15%
	SPOT	B	-0.15%
	COIN	B	-0.14%
	NU	D	-0.12%
	WDAY	C	-0.12%
	DASH	A	-0.12%
	MELI	C	-0.12%
	EPD	B	-0.12%
	RCL	B	-0.11%
	TEAM	B	-0.11%
	ET	B	-0.11%
	TTD	B	-0.1%
	DDOG	A	-0.09%
	VRT	B	-0.09%
	MPLX	B	-0.09%
	CPNG	D	-0.08%
	WCN	A	-0.08%
	FLUT	A	-0.08%
	STLA	F	-0.07%
	SNOW	C	-0.07%
	HEI	B	-0.06%
	ARES	B	-0.06%
	GOLD	D	-0.06%
	RBLX	C	-0.06%
	LYV	A	-0.06%
	NET	B	-0.06%
	ALNY	D	-0.06%
	ZM	B	-0.05%
	VLTO	C	-0.05%
	ZS	C	-0.05%
	TW	B	-0.05%
	DXCM	C	-0.05%
	CSGP	C	-0.05%
	IOT	B	-0.05%
	VEEV	B	-0.05%
	MT	C	-0.04%
	MPWR	F	-0.04%
	FOX	B	-0.04%
	MDB	C	-0.04%
	PTC	A	-0.04%
	DKNG	C	-0.04%
	TYL	A	-0.04%
	AXON	B	-0.04%
	STM	F	-0.04%
	GFS	C	-0.04%
	PHG	D	-0.04%
	ROL	B	-0.04%
	CQP	B	-0.04%
	HUBS	B	-0.04%
	ERIE	D	-0.03%
	HOOD	B	-0.03%
	UAL	B	-0.03%
	FDS	B	-0.03%
	CVNA	B	-0.03%
	SMCI	D	-0.03%
	PINS	F	-0.03%
	WMG	C	-0.02%
	YUMC	B	-0.02%
	SNAP	C	-0.02%
	PODD	B	-0.02%
	CHWY	C	-0.02%
	CELH	F	-0.01%
	IEP	F	-0.01%
	ETSY	D	-0.01%
	ENPH	F	-0.01%
	U	C	-0.01%
	SIRI	C	-0.01%
	RIVN	D	-0.01%
	OKTA	C	-0.01%
	RPRX	D	-0.01%
	EXAS	F	-0.01%
	AGR	B	-0.01%
	BSY	D	-0.01%
	BMRN	F	-0.01%
	DT	C	-0.01%
	INCY	C	-0.01%
	PAYC	A	-0.01%
	FTRE	C	-0.0%
	LCID	F	-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

RVRB: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Semiconductors Utilities - Regulated Electric Business Services Diversified Industrials Specialty Retail Asset Management Capital Markets Drug Manufacturers - Major Oil & Gas E&P Packaged Foods Software - Infrastructure Specialty Chemicals Aerospace & Defense Banks - Regional - US Biotechnology Medical Devices Oil & Gas Midstream Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Electronics Insurance Medicine Semiconductor Aerospace Bank Telecommunications Banking Chemical Cloud Computing Mining Mobile Devices Transport Insurance Products