FNDX vs. RWL ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to RevenueShares Large Cap ETF (RWL)

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

$24.85

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$102.85

Average Daily Volume

134,931

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	RWL
30 Days	2.37%	3.56%
60 Days	4.07%	5.34%
90 Days	5.72%	6.26%
12 Months	28.68%	28.26%

468 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in RWL	Overlap
	A	D	0.05%	0.03%	0.03%
	AAPL	C	4.35%	2.18%	2.18%
	ABBV	F	0.49%	0.26%	0.26%
	ABT	B	0.34%	0.22%	0.22%
	ACGL	C	0.03%	0.07%	0.03%
	ACN	B	0.36%	0.37%	0.36%
	ADBE	C	0.2%	0.11%	0.11%
	ADI	D	0.13%	0.05%	0.05%
	ADM	D	0.21%	0.42%	0.21%
	ADP	A	0.15%	0.11%	0.11%
	ADSK	A	0.03%	0.04%	0.03%
	AEE	A	0.07%	0.04%	0.04%
	AEP	C	0.16%	0.1%	0.1%
	AES	F	0.05%	0.05%	0.05%
	AFL	B	0.21%	0.11%	0.11%
	AIG	B	0.28%	0.24%	0.24%
	AIZ	A	0.03%	0.07%	0.03%
	AJG	A	0.05%	0.06%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	B	0.03%	0.05%	0.03%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.27%	0.34%	0.27%
	ALLE	C	0.01%	0.02%	0.01%
	AMAT	F	0.24%	0.15%	0.15%
	AMCR	C	0.03%	0.07%	0.03%
	AMD	F	0.09%	0.12%	0.09%
	AME	A	0.05%	0.04%	0.04%
	AMGN	F	0.39%	0.15%	0.15%
	AMP	A	0.15%	0.12%	0.12%
	AMT	C	0.11%	0.05%	0.05%
	AMZN	C	1.56%	3.77%	1.56%
	ANET	C	0.04%	0.04%	0.04%
	ANSS	B	0.02%	0.01%	0.01%
	AON	A	0.13%	0.08%	0.08%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.03%	0.05%	0.03%
	APD	A	0.13%	0.07%	0.07%
	APH	A	0.09%	0.08%	0.08%
	APTV	F	0.02%	0.09%	0.02%
	ARE	F	0.03%	0.01%	0.01%
	ATO	A	0.04%	0.02%	0.02%
	AVB	B	0.05%	0.02%	0.02%
	AVGO	D	0.61%	0.26%	0.26%
	AVY	F	0.04%	0.04%	0.04%
	AWK	C	0.04%	0.02%	0.02%
	AXP	A	0.36%	0.44%	0.36%
	AZO	C	0.06%	0.1%	0.06%
	BA	F	0.11%	0.36%	0.11%
	BAC	A	1.3%	1.24%	1.24%
	BALL	F	0.06%	0.07%	0.06%
	BAX	F	0.07%	0.07%	0.07%
	BBY	D	0.16%	0.22%	0.16%
	BDX	F	0.11%	0.11%	0.11%
	BEN	C	0.04%	0.05%	0.04%
	BG	D	0.1%	0.28%	0.1%
	BIIB	F	0.09%	0.04%	0.04%
	BK	A	0.26%	0.23%	0.23%
	BKNG	A	0.24%	0.16%	0.16%
	BKR	A	0.16%	0.19%	0.16%
	BLDR	D	0.06%	0.09%	0.06%
	BLK	B	0.28%	0.13%	0.13%
	BMY	B	0.45%	0.3%	0.3%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	B	2.17%	2.13%	2.13%
	BRO	B	0.02%	0.03%	0.02%
	BSX	A	0.09%	0.09%	0.09%
	BWA	D	0.05%	0.08%	0.05%
	BX	A	0.13%	0.07%	0.07%
	BXP	C	0.05%	0.02%	0.02%
	C	A	1.1%	1.1%	1.1%
	CAG	F	0.06%	0.06%	0.06%
	CAH	B	0.07%	1.34%	0.07%
	CARR	C	0.12%	0.13%	0.12%
	CAT	B	0.41%	0.41%	0.41%
	CB	C	0.26%	0.29%	0.26%
	CBOE	C	0.01%	0.02%	0.01%
	CBRE	B	0.13%	0.2%	0.13%
	CCI	C	0.09%	0.03%	0.03%
	CCL	A	0.06%	0.18%	0.06%
	CDNS	B	0.03%	0.03%	0.03%
	CDW	F	0.04%	0.09%	0.04%
	CE	F	0.03%	0.03%	0.03%
	CEG	C	0.1%	0.14%	0.1%
	CF	A	0.07%	0.03%	0.03%
	CFG	B	0.1%	0.08%	0.08%
	CHD	A	0.04%	0.03%	0.03%
	CHRW	B	0.08%	0.11%	0.08%
	CHTR	C	0.35%	0.35%	0.35%
	CI	D	0.48%	1.06%	0.48%
	CINF	A	0.07%	0.06%	0.06%
	CL	D	0.13%	0.09%	0.09%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.73%	0.73%
	CME	B	0.08%	0.03%	0.03%
	CMG	B	0.04%	0.06%	0.04%
	CMI	A	0.19%	0.23%	0.19%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.19%	0.68%	0.19%
	CNP	A	0.06%	0.05%	0.05%
	COF	C	0.48%	0.38%	0.38%
	COP	C	0.48%	0.34%	0.34%
	COR	B	0.02%	1.58%	0.02%
	COST	A	0.66%	1.41%	0.66%
	CPAY	A	0.06%	0.03%	0.03%
	CPB	D	0.03%	0.05%	0.03%
	CPRT	B	0.03%	0.03%	0.03%
	CPT	B	0.02%	0.01%	0.01%
	CRL	D	0.01%	0.02%	0.01%
	CRM	B	0.15%	0.26%	0.15%
	CSCO	B	0.82%	0.34%	0.34%
	CSX	C	0.22%	0.09%	0.09%
	CTAS	B	0.08%	0.05%	0.05%
	CTLT	C	0.02%	0.02%	0.02%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	B	0.19%	0.11%	0.11%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	D	0.68%	1.9%	0.68%
	CVX	A	1.25%	1.25%	1.25%
	CZR	F	0.02%	0.06%	0.02%
	D	C	0.17%	0.07%	0.07%
	DAL	B	0.03%	0.48%	0.03%
	DD	C	0.17%	0.07%	0.07%
	DE	B	0.23%	0.31%	0.23%
	DECK	A	0.03%	0.03%	0.03%
	DELL	B	0.03%	0.59%	0.03%
	DFS	B	0.26%	0.16%	0.16%
	DG	F	0.08%	0.2%	0.08%
	DGX	A	0.07%	0.05%	0.05%
	DHI	F	0.16%	0.17%	0.16%
	DHR	F	0.15%	0.12%	0.12%
	DIS	B	0.45%	0.59%	0.45%
	DLR	B	0.08%	0.03%	0.03%
	DLTR	F	0.05%	0.16%	0.05%
	DOC	C	0.03%	0.01%	0.01%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.18%	0.21%	0.18%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.05%	0.07%	0.05%
	DTE	C	0.07%	0.06%	0.06%
	DUK	C	0.3%	0.16%	0.16%
	DVA	C	0.06%	0.06%	0.06%
	DVN	F	0.09%	0.08%	0.08%
	EA	A	0.09%	0.04%	0.04%
	EBAY	D	0.17%	0.05%	0.05%
	ECL	D	0.08%	0.08%	0.08%
	ED	C	0.12%	0.07%	0.07%
	EFX	F	0.03%	0.03%	0.03%
	EG	C	0.02%	0.08%	0.02%
	EIX	B	0.1%	0.09%	0.09%
	EL	F	0.03%	0.07%	0.03%
	ELV	F	0.36%	0.7%	0.36%
	EMN	C	0.08%	0.05%	0.05%
	EMR	B	0.17%	0.12%	0.12%
	EOG	A	0.23%	0.15%	0.15%
	EPAM	B	0.02%	0.03%	0.02%
	EQIX	A	0.08%	0.05%	0.05%
	EQR	C	0.05%	0.01%	0.01%
	EQT	B	0.04%	0.03%	0.03%
	ES	C	0.08%	0.06%	0.06%
	ESS	B	0.03%	0.01%	0.01%
	ETN	A	0.23%	0.16%	0.16%
	ETR	B	0.12%	0.08%	0.08%
	EVRG	A	0.07%	0.03%	0.03%
	EW	C	0.04%	0.03%	0.03%
	EXC	C	0.17%	0.12%	0.12%
	EXPD	C	0.04%	0.05%	0.04%
	EXPE	B	0.04%	0.1%	0.04%
	EXR	C	0.03%	0.02%	0.02%
	F	C	0.33%	1.03%	0.33%
	FANG	C	0.05%	0.05%	0.05%
	FAST	B	0.07%	0.05%	0.05%
	FCX	F	0.14%	0.14%	0.14%
	FDX	B	0.32%	0.49%	0.32%
	FE	C	0.09%	0.07%	0.07%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.13%	0.13%	0.13%
	FIS	C	0.12%	0.06%	0.06%
	FITB	B	0.13%	0.08%	0.08%
	FMC	D	0.03%	0.02%	0.02%
	FOXA	A	0.1%	0.05%	0.05%
	FSLR	F	0.01%	0.02%	0.01%
	FTNT	C	0.03%	0.04%	0.03%
	FTV	C	0.03%	0.03%	0.03%
	GD	D	0.21%	0.24%	0.21%
	GDDY	A	0.03%	0.03%	0.03%
	GE	D	0.15%	0.21%	0.15%
	GEHC	D	0.09%	0.1%	0.09%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.04%	0.25%	0.04%
	GILD	C	0.37%	0.17%	0.17%
	GIS	D	0.11%	0.1%	0.1%
	GL	C	0.03%	0.03%	0.03%
	GLW	B	0.14%	0.08%	0.08%
	GM	C	0.79%	1.22%	0.79%
	GNRC	C	0.02%	0.03%	0.02%
	GOOG	C	1.14%	1.01%	1.01%
	GOOGL	C	1.33%	1.01%	1.01%
	GPC	D	0.05%	0.11%	0.05%
	GPN	B	0.09%	0.06%	0.06%
	GRMN	B	0.03%	0.04%	0.03%
	GS	A	0.62%	0.82%	0.62%
	GWW	B	0.08%	0.11%	0.08%
	HAL	C	0.06%	0.14%	0.06%
	HAS	D	0.03%	0.02%	0.02%
	HBAN	A	0.08%	0.08%	0.08%
	HCA	F	0.2%	0.33%	0.2%
	HD	B	0.8%	0.89%	0.8%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.14%	0.14%	0.14%
	HII	F	0.03%	0.05%	0.03%
	HLT	A	0.06%	0.07%	0.06%
	HOLX	D	0.04%	0.02%	0.02%
	HON	C	0.37%	0.23%	0.23%
	HPE	B	0.21%	0.2%	0.2%
	HPQ	B	0.21%	0.32%	0.21%
	HRL	D	0.03%	0.06%	0.03%
	HSIC	C	0.04%	0.06%	0.04%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.05%	0.04%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.19%	0.54%	0.19%
	HWM	A	0.07%	0.05%	0.05%
	IBM	C	0.54%	0.33%	0.33%
	ICE	C	0.11%	0.06%	0.06%
	IDXX	F	0.02%	0.02%	0.02%
	IEX	C	0.03%	0.02%	0.02%
	IFF	D	0.05%	0.05%	0.05%
	INTC	C	0.89%	0.39%	0.39%
	INTU	B	0.11%	0.1%	0.1%
	INVH	D	0.03%	0.01%	0.01%
	IP	A	0.17%	0.12%	0.12%
	IPG	D	0.04%	0.06%	0.04%
	IQV	F	0.07%	0.07%	0.07%
	IR	B	0.03%	0.04%	0.03%
	IRM	C	0.06%	0.03%	0.03%
	ISRG	A	0.09%	0.05%	0.05%
	IT	C	0.03%	0.04%	0.03%
	ITW	B	0.15%	0.09%	0.09%
	IVZ	B	0.05%	0.04%	0.04%
	J	D	0.05%	0.09%	0.05%
	JBHT	C	0.05%	0.07%	0.05%
	JBL	C	0.06%	0.2%	0.06%
	JCI	B	0.16%	0.17%	0.16%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	C	0.89%	0.44%	0.44%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.03%	1.74%	1.74%
	K	A	0.07%	0.07%	0.07%
	KDP	F	0.07%	0.07%	0.07%
	KEY	B	0.1%	0.07%	0.07%
	KEYS	A	0.04%	0.03%	0.03%
	KHC	F	0.09%	0.13%	0.09%
	KIM	A	0.03%	0.01%	0.01%
	KKR	A	0.12%	0.16%	0.12%
	KLAC	F	0.08%	0.05%	0.05%
	KMB	C	0.1%	0.1%	0.1%
	KMI	A	0.23%	0.11%	0.11%
	KMX	B	0.06%	0.14%	0.06%
	KO	D	0.35%	0.22%	0.22%
	KR	B	0.3%	0.87%	0.3%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.1%	0.05%
	LDOS	C	0.07%	0.09%	0.07%
	LEN	D	0.16%	0.18%	0.16%
	LH	B	0.09%	0.07%	0.07%
	LHX	C	0.16%	0.12%	0.12%
	LIN	C	0.33%	0.17%	0.17%
	LKQ	F	0.05%	0.07%	0.05%
	LLY	F	0.2%	0.18%	0.18%
	LMT	D	0.37%	0.37%	0.37%
	LNT	A	0.04%	0.02%	0.02%
	LOW	C	0.43%	0.49%	0.43%
	LRCX	F	0.15%	0.08%	0.08%
	LULU	C	0.01%	0.07%	0.01%
	LUV	C	0.02%	0.17%	0.02%
	LVS	B	0.04%	0.08%	0.04%
	LW	C	0.02%	0.04%	0.02%
	LYB	F	0.14%	0.2%	0.14%
	MA	B	0.29%	0.15%	0.15%
	MAA	B	0.03%	0.01%	0.01%
	MAR	A	0.09%	0.16%	0.09%
	MAS	D	0.05%	0.04%	0.04%
	MCD	D	0.34%	0.14%	0.14%
	MCHP	F	0.05%	0.03%	0.03%
	MCK	A	0.11%	2.03%	0.11%
	MCO	B	0.07%	0.04%	0.04%
	MDLZ	F	0.2%	0.17%	0.17%
	MDT	D	0.16%	0.17%	0.16%
	MET	A	0.26%	0.41%	0.26%
	META	D	1.79%	0.91%	0.91%
	MGM	D	0.06%	0.1%	0.06%
	MHK	D	0.06%	0.05%	0.05%
	MKC	C	0.03%	0.03%	0.03%
	MLM	C	0.04%	0.04%	0.04%
	MMC	B	0.14%	0.13%	0.13%
	MMM	D	0.35%	0.13%	0.13%
	MNST	C	0.05%	0.04%	0.04%
	MO	A	0.37%	0.12%	0.12%
	MOH	F	0.05%	0.18%	0.05%
	MOS	F	0.06%	0.07%	0.06%
	MPC	D	0.4%	0.79%	0.4%
	MRK	D	0.42%	0.29%	0.29%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.09%	0.04%	0.04%
	MS	A	0.46%	0.76%	0.46%
	MSCI	C	0.03%	0.02%	0.02%
	MSFT	D	2.43%	1.34%	1.34%
	MSI	B	0.07%	0.06%	0.06%
	MTB	A	0.11%	0.09%	0.09%
	MTD	F	0.03%	0.02%	0.02%
	MU	D	0.38%	0.13%	0.13%
	NDAQ	A	0.03%	0.04%	0.03%
	NDSN	B	0.02%	0.01%	0.01%
	NEE	C	0.24%	0.12%	0.12%
	NEM	D	0.13%	0.06%	0.06%
	NFLX	A	0.17%	0.24%	0.17%
	NI	A	0.05%	0.03%	0.03%
	NKE	F	0.19%	0.27%	0.19%
	NOC	D	0.2%	0.22%	0.2%
	NOW	A	0.01%	0.07%	0.01%
	NRG	B	0.1%	0.18%	0.1%
	NSC	B	0.21%	0.07%	0.07%
	NTAP	C	0.07%	0.04%	0.04%
	NTRS	A	0.08%	0.1%	0.08%
	NUE	C	0.19%	0.18%	0.18%
	NVDA	B	0.4%	0.65%	0.4%
	NVR	D	0.08%	0.05%	0.05%
	NWSA	A	0.04%	0.03%	0.03%
	NXPI	D	0.05%	0.07%	0.05%
	O	C	0.04%	0.02%	0.02%
	ODFL	C	0.06%	0.04%	0.04%
	OKE	A	0.14%	0.12%	0.12%
	OMC	C	0.08%	0.09%	0.08%
	ON	D	0.04%	0.04%	0.04%
	ORCL	A	0.5%	0.34%	0.34%
	ORLY	B	0.11%	0.1%	0.1%
	OTIS	C	0.05%	0.08%	0.05%
	OXY	D	0.11%	0.15%	0.11%
	PANW	B	0.03%	0.05%	0.03%
	PARA	C	0.11%	0.17%	0.11%
	PAYX	B	0.06%	0.03%	0.03%
	PCAR	B	0.15%	0.23%	0.15%
	PCG	A	0.03%	0.14%	0.03%
	PEG	A	0.11%	0.06%	0.06%
	PEP	F	0.41%	0.47%	0.41%
	PFE	F	0.68%	0.27%	0.27%
	PFG	D	0.09%	0.09%	0.09%
	PG	C	0.77%	0.44%	0.44%
	PGR	A	0.23%	0.38%	0.23%
	PH	A	0.13%	0.13%	0.13%
	PHM	D	0.11%	0.09%	0.09%
	PKG	A	0.07%	0.05%	0.05%
	PLD	F	0.07%	0.04%	0.04%
	PM	B	0.48%	0.2%	0.2%
	PNC	B	0.3%	0.21%	0.21%
	PNR	A	0.04%	0.03%	0.03%
	PNW	A	0.04%	0.03%	0.03%
	POOL	C	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.1%	0.08%
	PPL	A	0.11%	0.05%	0.05%
	PRU	A	0.22%	0.36%	0.22%
	PSA	C	0.05%	0.02%	0.02%
	PSX	C	0.36%	0.86%	0.36%
	PWR	A	0.07%	0.15%	0.07%
	PYPL	B	0.22%	0.21%	0.21%
	QCOM	F	0.43%	0.2%	0.2%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.01%	0.01%
	REGN	F	0.1%	0.05%	0.05%
	RF	A	0.09%	0.06%	0.06%
	RJF	A	0.05%	0.11%	0.05%
	RL	C	0.03%	0.04%	0.03%
	RMD	C	0.03%	0.02%	0.02%
	ROK	C	0.06%	0.05%	0.05%
	ROP	B	0.05%	0.04%	0.04%
	ROST	D	0.07%	0.11%	0.07%
	RSG	A	0.06%	0.09%	0.06%
	RTX	D	0.34%	0.4%	0.34%
	RVTY	F	0.03%	0.01%	0.01%
	SBAC	D	0.02%	0.01%	0.01%
	SBUX	A	0.28%	0.2%	0.2%
	SCHW	B	0.13%	0.18%	0.13%
	SHW	B	0.08%	0.13%	0.08%
	SJM	D	0.05%	0.04%	0.04%
	SLB	C	0.12%	0.21%	0.12%
	SNA	A	0.06%	0.04%	0.04%
	SNPS	B	0.03%	0.04%	0.03%
	SO	C	0.26%	0.14%	0.14%
	SOLV	D	0.02%	0.04%	0.02%
	SPG	A	0.1%	0.03%	0.03%
	SPGI	C	0.15%	0.07%	0.07%
	SRE	A	0.13%	0.08%	0.08%
	STE	D	0.03%	0.03%	0.03%
	STLD	B	0.11%	0.12%	0.11%
	STT	B	0.1%	0.12%	0.1%
	STX	C	0.09%	0.03%	0.03%
	STZ	D	0.07%	0.05%	0.05%
	SW	A	0.09%	0.12%	0.09%
	SWK	D	0.07%	0.07%	0.07%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.34%	0.15%	0.15%
	SYK	B	0.13%	0.12%	0.12%
	SYY	D	0.1%	0.42%	0.1%
	T	A	1.27%	0.69%	0.69%
	TAP	C	0.05%	0.07%	0.05%
	TDG	D	0.06%	0.04%	0.04%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.01%	0.01%
	TFC	A	0.23%	0.16%	0.16%
	TFX	F	0.02%	0.01%	0.01%
	TGT	F	0.38%	0.6%	0.38%
	TJX	A	0.22%	0.31%	0.22%
	TMO	F	0.25%	0.2%	0.2%
	TMUS	B	0.25%	0.51%	0.25%
	TPR	B	0.05%	0.05%	0.05%
	TRGP	A	0.07%	0.12%	0.07%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.13%	0.04%	0.04%
	TRV	B	0.31%	0.26%	0.26%
	TSCO	D	0.06%	0.08%	0.06%
	TSLA	B	0.28%	0.71%	0.28%
	TSN	B	0.2%	0.3%	0.2%
	TT	A	0.06%	0.12%	0.06%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	C	0.34%	0.09%	0.09%
	TXT	D	0.06%	0.07%	0.06%
	UBER	F	0.04%	0.22%	0.04%
	UDR	B	0.02%	0.01%	0.01%
	UHS	D	0.08%	0.07%	0.07%
	ULTA	F	0.03%	0.06%	0.03%
	UNH	B	1.22%	2.1%	1.22%
	UNP	C	0.35%	0.13%	0.13%
	UPS	C	0.28%	0.51%	0.28%
	URI	C	0.13%	0.09%	0.09%
	USB	A	0.32%	0.26%	0.26%
	V	A	0.36%	0.21%	0.21%
	VICI	C	0.02%	0.02%	0.02%
	VLO	C	0.39%	0.8%	0.39%
	VMC	B	0.05%	0.05%	0.05%
	VRSK	A	0.04%	0.02%	0.02%
	VRSN	C	0.01%	0.01%	0.01%
	VRTX	D	0.07%	0.06%	0.06%
	VST	A	0.16%	0.13%	0.13%
	VTR	B	0.08%	0.03%	0.03%
	VTRS	A	0.1%	0.09%	0.09%
	VZ	C	1.13%	0.68%	0.68%
	WAB	B	0.06%	0.07%	0.06%
	WAT	C	0.04%	0.02%	0.02%
	WBA	F	0.17%	0.77%	0.17%
	WBD	B	0.08%	0.25%	0.08%
	WDC	D	0.12%	0.07%	0.07%
	WEC	A	0.08%	0.05%	0.05%
	WELL	A	0.1%	0.04%	0.04%
	WFC	A	1.35%	0.93%	0.93%
	WM	B	0.15%	0.12%	0.12%
	WMB	A	0.17%	0.07%	0.07%
	WMT	A	1.47%	3.83%	1.47%
	WRB	A	0.03%	0.07%	0.03%
	WST	C	0.02%	0.02%	0.02%
	WTW	B	0.07%	0.06%	0.06%
	WY	F	0.09%	0.04%	0.04%
	XEL	A	0.12%	0.08%	0.08%
	XOM	B	1.99%	2.04%	1.99%
	XYL	D	0.03%	0.04%	0.03%
	YUM	D	0.08%	0.04%	0.04%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.03%	0.03%
	ZTS	D	0.07%	0.04%	0.04%

FNDX Overweight 253 Positions Relative to RWL

	Symbol	Grade	Weight
	LUMN	C	0.65%
	ALLY	C	0.1%
	RS	B	0.09%
	ARW	D	0.08%
	USFD	A	0.08%
	WHR	B	0.08%
	WKC	C	0.08%
	JLL	D	0.08%
	OC	A	0.07%
	VFC	C	0.07%
	CMA	B	0.07%
	THC	D	0.07%
	R	B	0.07%
	X	B	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	OVV	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	JEF	A	0.06%
	UNM	A	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	LNG	A	0.06%
	FLEX	B	0.06%
	PFGC	B	0.06%
	EME	A	0.06%
	FNF	B	0.06%
	KSS	F	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	AN	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	C	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	SFM	A	0.05%
	BFH	C	0.05%
	LNC	C	0.05%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	SSNC	B	0.04%
	OSK	C	0.04%
	AMG	B	0.04%
	ZIM	C	0.04%
	UFPI	C	0.04%
	FYBR	C	0.04%
	RPM	A	0.04%
	CNO	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	CCK	D	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	RHI	C	0.04%
	FAF	A	0.04%
	MUSA	B	0.04%
	BERY	C	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	C	0.04%
	WSM	C	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	MRVL	B	0.04%
	UGI	C	0.04%
	EXP	B	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	B	0.03%
	AR	B	0.03%
	SCI	B	0.03%
	ACI	C	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	A	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	B	0.03%
	ILMN	C	0.03%
	CW	C	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	C	0.03%
	APO	B	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	ARMK	B	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	EWBC	A	0.03%
	WU	F	0.03%
	CIEN	C	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	BAH	F	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	MLI	B	0.03%
	WLK	D	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	B	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	A	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	C	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	NAVI	F	0.02%
	SM	B	0.02%
	CCEP	C	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	F	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%
	PENN	C	0.02%
	HOG	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	C	0.02%
	PK	C	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%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	DBX	B	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%
	JAZZ	B	0.01%
	BLD	D	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	D	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	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 31 Positions Relative to RWL

	Symbol	Grade	Weight
	UAL	A	-0.56%
	LYV	A	-0.17%
	RCL	A	-0.12%
	ABNB	C	-0.07%
	NCLH	B	-0.07%
	FOX	A	-0.05%
	WYNN	C	-0.05%
	CRWD	B	-0.03%
	INCY	C	-0.03%
	VLTO	C	-0.03%
	NWS	A	-0.03%
	SMCI	F	-0.03%
	ERIE	D	-0.02%
	AXON	A	-0.02%
	MTCH	D	-0.02%
	ROL	B	-0.02%
	PLTR	B	-0.02%
	DXCM	C	-0.02%
	FRT	B	-0.01%
	TECH	F	-0.01%
	MPWR	F	-0.01%
	FICO	B	-0.01%
	TYL	B	-0.01%
	PODD	C	-0.01%
	DAY	B	-0.01%
	PAYC	B	-0.01%
	FDS	B	-0.01%
	PTC	B	-0.01%
	CSGP	D	-0.01%
	MKTX	D	-0.0%
	ENPH	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

RWL: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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