FNDX vs. SNPV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Xtrackers S&P ESG Value ETF (SNPV)

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

$24.63

Average Daily Volume

1,125,321

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

SNPV

Xtrackers S&P ESG Value ETF

SNPV Description

The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index. The underlying index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance ("ESG") performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Value Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.96

Average Daily Volume

1,042

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SNPV
30 Days	2.37%	1.31%
60 Days	6.02%	4.50%
90 Days	9.26%	8.39%
12 Months	33.27%	31.22%

264 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SNPV	Overlap
	A	F	0.06%	0.29%	0.06%
	ABBV	D	0.58%	1.55%	0.58%
	ABT	B	0.34%	1.39%	0.34%
	ACN	C	0.35%	0.72%	0.35%
	ADI	D	0.14%	0.33%	0.14%
	ADM	F	0.2%	0.17%	0.17%
	ADP	A	0.15%	0.52%	0.15%
	ADSK	B	0.03%	0.22%	0.03%
	AFL	C	0.2%	0.38%	0.2%
	AIG	C	0.28%	0.34%	0.28%
	AIZ	A	0.03%	0.07%	0.03%
	AJG	B	0.05%	0.22%	0.05%
	AKAM	F	0.04%	0.06%	0.04%
	ALB	C	0.03%	0.08%	0.03%
	ALL	A	0.26%	0.35%	0.26%
	ALLE	D	0.01%	0.05%	0.01%
	AMCR	D	0.03%	0.1%	0.03%
	AME	A	0.05%	0.16%	0.05%
	AMGN	F	0.42%	1.2%	0.42%
	AMP	A	0.14%	0.17%	0.14%
	AMT	F	0.11%	0.38%	0.11%
	AON	A	0.13%	0.27%	0.13%
	APD	B	0.12%	0.48%	0.12%
	APTV	F	0.02%	0.1%	0.02%
	ARE	F	0.03%	0.12%	0.03%
	AVB	B	0.05%	0.23%	0.05%
	AWK	D	0.04%	0.17%	0.04%
	AXP	B	0.36%	0.34%	0.34%
	BAC	A	1.26%	2.1%	1.26%
	BALL	D	0.06%	0.13%	0.06%
	BAX	F	0.07%	0.13%	0.07%
	BBY	D	0.16%	0.12%	0.12%
	BDX	D	0.11%	0.45%	0.11%
	BEN	C	0.04%	0.04%	0.04%
	BIIB	F	0.09%	0.18%	0.09%
	BK	B	0.26%	0.39%	0.26%
	BKR	B	0.16%	0.3%	0.16%
	BMY	B	0.42%	0.77%	0.42%
	BR	A	0.03%	0.08%	0.03%
	BSX	A	0.09%	0.4%	0.09%
	BWA	B	0.05%	0.05%	0.05%
	BX	B	0.12%	0.25%	0.12%
	BXP	D	0.05%	0.08%	0.05%
	C	B	1.1%	0.9%	0.9%
	CAG	F	0.06%	0.09%	0.06%
	CAH	B	0.07%	0.2%	0.07%
	CARR	D	0.12%	0.23%	0.12%
	CAT	B	0.43%	0.59%	0.43%
	CB	D	0.25%	0.73%	0.25%
	CBOE	D	0.01%	0.05%	0.01%
	CBRE	B	0.13%	0.28%	0.13%
	CCL	A	0.06%	0.05%	0.05%
	CFG	B	0.1%	0.14%	0.1%
	CHRW	B	0.07%	0.09%	0.07%
	CI	D	0.47%	0.63%	0.47%
	CL	F	0.12%	0.32%	0.12%
	CMCSA	B	0.84%	1.19%	0.84%
	CME	B	0.08%	0.35%	0.08%
	CMI	B	0.18%	0.34%	0.18%
	CNC	F	0.2%	0.23%	0.2%
	COF	B	0.48%	0.49%	0.48%
	COR	A	0.03%	0.3%	0.03%
	CPB	F	0.03%	0.06%	0.03%
	CRL	C	0.01%	0.07%	0.01%
	CSCO	A	0.82%	1.63%	0.82%
	CSX	B	0.21%	0.24%	0.21%
	CTAS	A	0.08%	0.24%	0.08%
	CTLT	C	0.02%	0.07%	0.02%
	CTVA	C	0.09%	0.29%	0.09%
	CVS	F	0.7%	0.5%	0.5%
	CVX	B	1.21%	1.84%	1.21%
	CZR	D	0.02%	0.03%	0.02%
	DAL	A	0.03%	0.11%	0.03%
	DE	D	0.24%	0.32%	0.24%
	DFS	B	0.26%	0.14%	0.14%
	DGX	A	0.07%	0.13%	0.07%
	DHR	F	0.15%	1.09%	0.15%
	DIS	C	0.41%	1.25%	0.41%
	DLR	B	0.08%	0.23%	0.08%
	DOC	C	0.04%	0.11%	0.04%
	DOV	A	0.06%	0.19%	0.06%
	DOW	F	0.2%	0.24%	0.2%
	DVA	C	0.05%	0.03%	0.03%
	DVN	F	0.09%	0.17%	0.09%
	EBAY	D	0.17%	0.21%	0.17%
	ECL	D	0.08%	0.22%	0.08%
	ED	D	0.12%	0.24%	0.12%
	EIX	D	0.09%	0.22%	0.09%
	EL	F	0.03%	0.11%	0.03%
	ELV	F	0.38%	0.69%	0.38%
	EMR	A	0.17%	0.5%	0.17%
	EQIX	C	0.08%	0.32%	0.08%
	EQR	D	0.05%	0.17%	0.05%
	EQT	A	0.04%	0.16%	0.04%
	ES	F	0.08%	0.15%	0.08%
	ETN	A	0.23%	0.39%	0.23%
	ETR	B	0.12%	0.22%	0.12%
	EW	F	0.04%	0.18%	0.04%
	EXC	D	0.17%	0.27%	0.17%
	EXR	D	0.03%	0.25%	0.03%
	FCX	F	0.15%	0.24%	0.15%
	FI	A	0.13%	0.4%	0.13%
	FIS	C	0.11%	0.33%	0.11%
	FITB	A	0.12%	0.22%	0.12%
	FMC	F	0.03%	0.05%	0.03%
	FSLR	F	0.01%	0.15%	0.01%
	GE	C	0.15%	0.77%	0.15%
	GILD	B	0.39%	0.85%	0.39%
	GIS	F	0.11%	0.25%	0.11%
	GL	B	0.03%	0.07%	0.03%
	GM	B	0.76%	0.43%	0.43%
	GPN	B	0.08%	0.2%	0.08%
	GS	B	0.61%	1.28%	0.61%
	GWW	B	0.08%	0.09%	0.08%
	HAL	D	0.06%	0.19%	0.06%
	HAS	D	0.03%	0.06%	0.03%
	HBAN	A	0.07%	0.18%	0.07%
	HD	B	0.78%	1.73%	0.78%
	HIG	C	0.14%	0.24%	0.14%
	HPE	B	0.21%	0.2%	0.2%
	HPQ	B	0.21%	0.26%	0.21%
	HRL	F	0.03%	0.06%	0.03%
	HST	C	0.04%	0.04%	0.04%
	HSY	D	0.04%	0.11%	0.04%
	HUBB	B	0.04%	0.09%	0.04%
	HUM	F	0.19%	0.24%	0.19%
	ICE	D	0.11%	0.62%	0.11%
	IEX	B	0.03%	0.13%	0.03%
	IFF	F	0.05%	0.16%	0.05%
	INTC	C	0.93%	0.78%	0.78%
	IPG	F	0.04%	0.08%	0.04%
	IQV	F	0.07%	0.17%	0.07%
	IR	A	0.03%	0.06%	0.03%
	IRM	C	0.06%	0.12%	0.06%
	ITW	B	0.15%	0.29%	0.15%
	IVZ	C	0.05%	0.06%	0.05%
	JBHT	B	0.05%	0.1%	0.05%
	JCI	B	0.16%	0.39%	0.16%
	JKHY	C	0.02%	0.09%	0.02%
	JPM	B	1.98%	4.68%	1.98%
	K	A	0.06%	0.16%	0.06%
	KDP	D	0.07%	0.25%	0.07%
	KEY	B	0.1%	0.12%	0.1%
	KEYS	B	0.04%	0.2%	0.04%
	KHC	F	0.1%	0.2%	0.1%
	KIM	B	0.03%	0.12%	0.03%
	KMI	A	0.22%	0.36%	0.22%
	KO	F	0.36%	1.05%	0.36%
	KR	A	0.3%	0.28%	0.28%
	LIN	D	0.34%	0.74%	0.34%
	LOW	B	0.42%	1.06%	0.42%
	LVS	C	0.04%	0.05%	0.04%
	LW	C	0.02%	0.03%	0.02%
	LYB	F	0.14%	0.16%	0.14%
	MA	A	0.28%	0.83%	0.28%
	MAS	D	0.05%	0.05%	0.05%
	MCD	D	0.33%	0.83%	0.33%
	MCO	C	0.07%	0.27%	0.07%
	MDLZ	F	0.2%	0.36%	0.2%
	MDT	D	0.17%	0.79%	0.17%
	MET	C	0.25%	0.33%	0.25%
	MGM	F	0.06%	0.02%	0.02%
	MHK	D	0.06%	0.05%	0.05%
	MKC	D	0.03%	0.14%	0.03%
	MPC	D	0.39%	0.16%	0.16%
	MRK	F	0.44%	1.07%	0.44%
	MRNA	F	0.03%	0.12%	0.03%
	MS	A	0.45%	1.12%	0.45%
	MSCI	B	0.03%	0.13%	0.03%
	MSI	B	0.06%	0.23%	0.06%
	MTB	B	0.1%	0.25%	0.1%
	MTD	F	0.03%	0.14%	0.03%
	MU	C	0.43%	0.87%	0.43%
	NDAQ	B	0.03%	0.23%	0.03%
	NEE	D	0.24%	1.07%	0.24%
	NEM	F	0.14%	0.36%	0.14%
	NKE	F	0.19%	0.36%	0.19%
	NSC	B	0.21%	0.42%	0.21%
	NTAP	C	0.07%	0.11%	0.07%
	NTRS	A	0.08%	0.14%	0.08%
	NWSA	B	0.04%	0.07%	0.04%
	NXPI	F	0.05%	0.1%	0.05%
	OKE	A	0.13%	0.16%	0.13%
	OMC	B	0.08%	0.14%	0.08%
	ON	D	0.04%	0.11%	0.04%
	OTIS	D	0.05%	0.17%	0.05%
	OXY	F	0.11%	0.24%	0.11%
	PARA	C	0.11%	0.05%	0.05%
	PAYX	B	0.06%	0.2%	0.06%
	PCAR	B	0.15%	0.11%	0.11%
	PEG	D	0.1%	0.29%	0.1%
	PEP	F	0.41%	1.0%	0.41%
	PFG	C	0.09%	0.13%	0.09%
	PG	D	0.75%	1.63%	0.75%
	PH	B	0.12%	0.13%	0.12%
	PLD	F	0.07%	0.74%	0.07%
	PNC	A	0.3%	0.56%	0.3%
	PNR	B	0.04%	0.04%	0.04%
	PPG	F	0.08%	0.21%	0.08%
	PRU	B	0.22%	0.31%	0.22%
	PSA	D	0.05%	0.2%	0.05%
	PSX	D	0.35%	0.37%	0.35%
	PWR	B	0.07%	0.1%	0.07%
	PYPL	B	0.21%	0.58%	0.21%
	QCOM	F	0.45%	0.64%	0.45%
	REG	B	0.02%	0.08%	0.02%
	REGN	F	0.1%	0.24%	0.1%
	RF	A	0.08%	0.16%	0.08%
	RJF	A	0.05%	0.2%	0.05%
	RL	B	0.03%	0.03%	0.03%
	ROK	B	0.06%	0.11%	0.06%
	RSG	A	0.06%	0.12%	0.06%
	RVTY	C	0.03%	0.1%	0.03%
	SBAC	D	0.02%	0.09%	0.02%
	SBUX	B	0.27%	0.31%	0.27%
	SCHW	A	0.11%	0.76%	0.11%
	SHW	B	0.08%	0.3%	0.08%
	SJM	F	0.06%	0.08%	0.06%
	SLB	D	0.12%	0.43%	0.12%
	SPGI	D	0.14%	0.62%	0.14%
	SRE	A	0.13%	0.39%	0.13%
	STT	B	0.1%	0.2%	0.1%
	STX	D	0.09%	0.09%	0.09%
	SW	C	0.09%	0.19%	0.09%
	SWK	F	0.07%	0.1%	0.07%
	SYF	B	0.33%	0.18%	0.18%
	SYK	A	0.12%	0.31%	0.12%
	SYY	B	0.1%	0.27%	0.1%
	T	C	1.25%	1.1%	1.1%
	TAP	B	0.05%	0.07%	0.05%
	TFC	A	0.23%	0.43%	0.23%
	TGT	C	0.37%	0.48%	0.37%
	TMO	F	0.26%	0.91%	0.26%
	TMUS	A	0.25%	0.78%	0.25%
	TPR	B	0.05%	0.08%	0.05%
	TROW	B	0.13%	0.18%	0.13%
	TRV	B	0.3%	0.4%	0.3%
	TSCO	D	0.06%	0.12%	0.06%
	TSN	C	0.18%	0.11%	0.11%
	TT	A	0.06%	0.19%	0.06%
	TTWO	A	0.03%	0.11%	0.03%
	UDR	D	0.02%	0.09%	0.02%
	ULTA	C	0.03%	0.04%	0.03%
	UNH	B	1.24%	2.41%	1.24%
	UNP	D	0.36%	0.56%	0.36%
	UPS	D	0.29%	0.69%	0.29%
	USB	B	0.31%	0.53%	0.31%
	V	A	0.36%	1.21%	0.36%
	VLO	D	0.37%	0.31%	0.31%
	VRSK	A	0.04%	0.12%	0.04%
	VTR	C	0.08%	0.19%	0.08%
	WAB	B	0.06%	0.24%	0.06%
	WAT	B	0.04%	0.09%	0.04%
	WBA	D	0.18%	0.04%	0.04%
	WDC	D	0.13%	0.16%	0.13%
	WELL	B	0.1%	0.55%	0.1%
	WM	A	0.15%	0.3%	0.15%
	WMB	A	0.17%	0.29%	0.17%
	WMT	A	1.45%	2.53%	1.45%
	WTW	A	0.07%	0.23%	0.07%
	WY	F	0.09%	0.16%	0.09%
	XYL	D	0.03%	0.21%	0.03%
	YUM	B	0.08%	0.14%	0.08%
	ZTS	F	0.07%	0.24%	0.07%

FNDX Overweight 456 Positions Relative to SNPV

	Symbol	Grade	Weight
	AAPL	D	4.32%
	MSFT	C	2.41%
	BRK.A	C	2.13%
	XOM	B	1.99%
	META	B	1.82%
	AMZN	B	1.54%
	GOOGL	B	1.36%
	WFC	B	1.29%
	GOOG	B	1.17%
	VZ	D	1.12%
	JNJ	F	0.92%
	PFE	F	0.71%
	LUMN	B	0.68%
	AVGO	B	0.66%
	COST	B	0.65%
	IBM	D	0.55%
	ORCL	A	0.5%
	COP	C	0.48%
	PM	C	0.46%
	NVDA	A	0.41%
	LMT	D	0.37%
	TXN	B	0.36%
	MO	A	0.36%
	CHTR	B	0.35%
	HON	B	0.35%
	MMM	D	0.35%
	RTX	C	0.34%
	F	C	0.33%
	DUK	D	0.3%
	FDX	B	0.3%
	SO	D	0.26%
	TSLA	B	0.26%
	AMAT	F	0.25%
	BKNG	A	0.24%
	PGR	B	0.23%
	GD	A	0.22%
	TJX	B	0.22%
	EOG	B	0.22%
	HCA	D	0.21%
	NUE	C	0.21%
	LLY	D	0.2%
	NOC	C	0.2%
	CTSH	A	0.19%
	DD	D	0.18%
	ADBE	C	0.18%
	IP	B	0.17%
	D	D	0.17%
	LRCX	F	0.16%
	AEP	D	0.16%
	DHI	D	0.16%
	NFLX	A	0.16%
	LEN	D	0.16%
	LHX	B	0.16%
	VST	B	0.15%
	MMC	C	0.14%
	GLW	B	0.14%
	CRM	B	0.14%
	URI	B	0.13%
	XEL	A	0.12%
	BA	F	0.12%
	STLD	B	0.12%
	KKR	B	0.12%
	PPL	A	0.11%
	INTU	A	0.11%
	MCK	B	0.11%
	CEG	D	0.11%
	NRG	B	0.11%
	PHM	D	0.11%
	KMB	F	0.1%
	GEHC	D	0.1%
	AMD	F	0.1%
	ALLY	C	0.1%
	BG	D	0.1%
	SPG	B	0.1%
	VTRS	B	0.1%
	ORLY	A	0.1%
	LDOS	A	0.09%
	EA	A	0.09%
	FE	D	0.09%
	MAR	A	0.09%
	RS	B	0.09%
	FOXA	A	0.09%
	APH	B	0.09%
	CCI	F	0.09%
	LH	B	0.09%
	FAST	B	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	EMN	D	0.08%
	VRTX	B	0.08%
	AVT	C	0.08%
	ARW	F	0.08%
	WBD	C	0.08%
	WEC	B	0.08%
	DG	F	0.08%
	UHS	D	0.08%
	WKC	D	0.08%
	X	B	0.08%
	ISRG	A	0.08%
	KLAC	F	0.08%
	MRO	B	0.08%
	JLL	C	0.08%
	HWM	B	0.07%
	FLEX	B	0.07%
	CMA	B	0.07%
	JBL	B	0.07%
	CF	B	0.07%
	TDG	B	0.07%
	AEE	A	0.07%
	R	B	0.07%
	TRGP	A	0.07%
	STZ	D	0.07%
	MOS	D	0.07%
	EVRG	A	0.07%
	VFC	C	0.07%
	CINF	A	0.07%
	DTE	D	0.07%
	LAD	B	0.07%
	ROST	F	0.07%
	THC	B	0.07%
	PKG	B	0.07%
	WHR	B	0.07%
	TOL	B	0.06%
	ODFL	B	0.06%
	UNM	A	0.06%
	BLDR	D	0.06%
	ZION	B	0.06%
	BFH	B	0.06%
	CMS	D	0.06%
	LNG	B	0.06%
	TXT	D	0.06%
	M	D	0.06%
	AZO	C	0.06%
	OMF	B	0.06%
	CNP	B	0.06%
	HLT	A	0.06%
	FNF	C	0.06%
	PFGC	B	0.06%
	EME	B	0.06%
	OC	B	0.06%
	KMX	C	0.06%
	KSS	F	0.06%
	AA	C	0.06%
	MAN	F	0.05%
	MNST	B	0.05%
	MKL	A	0.05%
	UGI	D	0.05%
	GEV	B	0.05%
	MRVL	B	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	DLTR	F	0.05%
	MLM	B	0.05%
	ACM	B	0.05%
	ZBH	C	0.05%
	INGR	B	0.05%
	CSL	C	0.05%
	AES	F	0.05%
	VMC	B	0.05%
	L	B	0.05%
	JXN	B	0.05%
	KD	B	0.05%
	GPC	D	0.05%
	VNO	C	0.05%
	DRI	B	0.05%
	AN	D	0.05%
	JNPR	C	0.05%
	MOH	F	0.05%
	CDW	F	0.05%
	GPI	B	0.05%
	ALSN	B	0.05%
	DINO	D	0.05%
	LEA	F	0.05%
	OVV	C	0.05%
	FANG	D	0.05%
	EQH	B	0.05%
	DXC	B	0.05%
	SFM	B	0.05%
	KVUE	A	0.05%
	CPAY	A	0.05%
	CASY	A	0.05%
	LKQ	D	0.05%
	ROP	B	0.05%
	TDS	B	0.05%
	J	B	0.05%
	SNA	A	0.05%
	MCHP	F	0.05%
	HES	C	0.05%
	LNC	B	0.05%
	JEF	B	0.05%
	CACI	B	0.04%
	GAP	C	0.04%
	MLI	B	0.04%
	O	D	0.04%
	AMG	C	0.04%
	HUN	F	0.04%
	RMD	B	0.04%
	BCC	B	0.04%
	SSNC	C	0.04%
	HBI	B	0.04%
	CLF	D	0.04%
	CMG	B	0.04%
	UBER	F	0.04%
	SANM	B	0.04%
	OSK	B	0.04%
	ZIM	B	0.04%
	RPM	B	0.04%
	NXST	C	0.04%
	CNO	B	0.04%
	AVY	F	0.04%
	CLX	B	0.04%
	UFPI	B	0.04%
	FBIN	F	0.04%
	FYBR	D	0.04%
	BAH	C	0.04%
	SLM	B	0.04%
	TER	D	0.04%
	EXPD	F	0.04%
	RGA	A	0.04%
	LNT	C	0.04%
	ANET	C	0.04%
	ATO	A	0.04%
	ZBRA	A	0.04%
	CHD	B	0.04%
	TMHC	C	0.04%
	FAF	D	0.04%
	DKS	D	0.04%
	CCK	B	0.04%
	MUSA	B	0.04%
	CRBG	C	0.04%
	GEN	A	0.04%
	RHI	B	0.04%
	CE	F	0.04%
	LPLA	A	0.04%
	HOLX	D	0.04%
	DOX	A	0.04%
	PNW	B	0.04%
	GT	C	0.04%
	AYI	A	0.04%
	HSIC	F	0.04%
	BERY	C	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	SWKS	F	0.04%
	AFG	B	0.04%
	WSM	F	0.04%
	KNX	B	0.04%
	NI	A	0.04%
	EVR	B	0.04%
	SEE	C	0.03%
	SON	F	0.03%
	INVH	D	0.03%
	AAP	D	0.03%
	G	B	0.03%
	LSTR	B	0.03%
	EXP	B	0.03%
	DELL	C	0.03%
	CPRT	B	0.03%
	ACGL	D	0.03%
	TGNA	B	0.03%
	BURL	C	0.03%
	GDDY	A	0.03%
	ACI	C	0.03%
	TDY	A	0.03%
	SCI	B	0.03%
	CAR	C	0.03%
	ITT	A	0.03%
	GNTX	C	0.03%
	PCG	A	0.03%
	TPH	D	0.03%
	APO	B	0.03%
	STE	F	0.03%
	BBWI	C	0.03%
	SOLV	C	0.03%
	KBH	D	0.03%
	LII	B	0.03%
	ABG	B	0.03%
	SEIC	A	0.03%
	CW	B	0.03%
	SNV	B	0.03%
	TRU	D	0.03%
	SAIC	B	0.03%
	BC	D	0.03%
	BTU	C	0.03%
	VOYA	A	0.03%
	ILMN	C	0.03%
	ARMK	C	0.03%
	SNX	C	0.03%
	APA	F	0.03%
	FTNT	A	0.03%
	JHG	B	0.03%
	OGE	B	0.03%
	ESS	C	0.03%
	EFX	D	0.03%
	GPK	D	0.03%
	EWBC	A	0.03%
	GNW	A	0.03%
	CTRA	C	0.03%
	AGCO	F	0.03%
	HII	D	0.03%
	QRVO	F	0.03%
	RRX	C	0.03%
	FHN	B	0.03%
	DECK	B	0.03%
	FL	D	0.03%
	FLR	C	0.03%
	MAA	C	0.03%
	MTH	D	0.03%
	CIEN	B	0.03%
	WU	F	0.03%
	GRMN	A	0.03%
	PANW	A	0.03%
	FTV	D	0.03%
	TRMB	B	0.03%
	FFIV	B	0.03%
	PBF	F	0.03%
	SNPS	B	0.03%
	IT	A	0.03%
	WSO	A	0.03%
	CDNS	B	0.03%
	CG	B	0.03%
	WRB	B	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	DPZ	C	0.03%
	EXPE	B	0.03%
	LPX	A	0.03%
	NWL	B	0.03%
	MTZ	B	0.03%
	ALK	A	0.02%
	EG	D	0.02%
	ADNT	F	0.02%
	CPRI	F	0.02%
	WLK	F	0.02%
	ALV	C	0.02%
	MATX	B	0.02%
	FLO	F	0.02%
	ODP	F	0.02%
	BPOP	C	0.02%
	CHKP	D	0.02%
	LEG	F	0.02%
	COHR	B	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	TFX	F	0.02%
	MIDD	C	0.02%
	AER	C	0.02%
	POR	D	0.02%
	MKSI	D	0.02%
	OI	D	0.02%
	NFG	C	0.02%
	WPC	F	0.02%
	VAC	B	0.02%
	WST	C	0.02%
	WERN	B	0.02%
	GLPI	D	0.02%
	POST	D	0.02%
	SM	C	0.02%
	AL	B	0.02%
	TTC	D	0.02%
	CCEP	D	0.02%
	XRX	F	0.02%
	NAVI	C	0.02%
	UHAL	C	0.02%
	EPAM	C	0.02%
	HUBG	B	0.02%
	TPX	C	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	F	0.02%
	ANSS	B	0.02%
	NDSN	B	0.02%
	STWD	D	0.02%
	PAG	C	0.02%
	ST	F	0.02%
	PENN	B	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	LECO	B	0.02%
	KBR	B	0.02%
	ASGN	B	0.02%
	CPT	C	0.02%
	PII	F	0.02%
	GXO	B	0.02%
	ALGN	D	0.02%
	DCI	A	0.02%
	IDXX	D	0.02%
	HOG	F	0.02%
	NOV	D	0.02%
	FCNCA	B	0.02%
	SLG	C	0.02%
	BECN	B	0.02%
	POOL	D	0.02%
	SUI	F	0.02%
	BRX	B	0.02%
	PK	B	0.02%
	VICI	D	0.02%
	AOS	F	0.02%
	SKX	F	0.02%
	NVT	B	0.02%
	MTG	D	0.02%
	DAR	B	0.02%
	CC	D	0.02%
	LUV	B	0.02%
	BAP	B	0.02%
	AVTR	F	0.02%
	ATR	A	0.02%
	AXTA	B	0.02%
	ABM	B	0.02%
	SQ	A	0.02%
	LAMR	D	0.02%
	THG	A	0.02%
	AR	B	0.02%
	BRO	A	0.02%
	GNRC	B	0.02%
	CNH	D	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	PRI	A	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	VRSN	C	0.01%
	DBX	B	0.01%
	CNXC	F	0.01%
	WTRG	B	0.01%
	ICLR	F	0.01%
	CHE	D	0.01%
	MSM	B	0.01%
	LILAK	F	0.01%
	JAZZ	B	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	C	0.01%
	BLD	F	0.01%
	CYH	D	0.01%
	HTZ	D	0.01%
	NOW	A	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	AAL	B	0.01%
	DK	D	0.01%
	FTI	B	0.01%
	JWN	B	0.01%
	QRTEA	F	0.01%
	XRAY	F	0.01%
	LULU	C	0.01%
	HRB	D	0.01%
	UNFI	B	0.01%
	CRI	F	0.01%
	CNX	B	0.01%
	DAN	F	0.01%
	MDU	F	0.01%
	MTN	D	0.01%

FNDX Underweight 8 Positions Relative to SNPV

	Symbol	Grade	Weight
	SPYV	A	-0.26%
	VOOV	A	-0.12%
	INCY	B	-0.1%
	MKTX	C	-0.07%
	FRT	C	-0.06%
	FDS	A	-0.06%
	DAY	B	-0.04%
	NWS	B	-0.03%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Asset Management 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

SNPV: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Banks - Regional - US Capital Markets Diagnostics & Research Packaged Foods Asset Management Credit Services Specialty Chemicals Drug Manufacturers - Major Health Care Plans Insurance - Life Medical Devices Semiconductors Financial Data & Stock Exchanges Railroads Specialty Industrial Machinery Specialty Retail Telecom Services Utilities - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Dow Jones Component Bank Banking Real Estate Investment Trust Chemical Investment Bank Medicine Cash Management Computing Disability Electronics Financial Products Insurance Products Mining Petroleum Industry Biotechnology