FNDX vs. SPLG ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR Portfolio Large Cap ETF (SPLG)

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

$24.39

Average Daily Volume

1,155,219

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

SPLG

SPDR Portfolio Large Cap ETF

SPLG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Large Cap Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the large-capitalization segment of the U.S. equity market. The fund may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$69.44

Average Daily Volume

5,872,049

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SPLG
30 Days	0.41%	1.00%
60 Days	3.02%	3.91%
90 Days	5.52%	5.63%
12 Months	27.57%	31.86%

467 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SPLG	Overlap
	A	F	0.05%	0.08%	0.05%
	AAPL	C	4.35%	6.72%	4.35%
	ABBV	F	0.49%	0.6%	0.49%
	ABT	A	0.34%	0.4%	0.34%
	ACGL	D	0.03%	0.07%	0.03%
	ACN	C	0.36%	0.45%	0.36%
	ADBE	D	0.2%	0.46%	0.2%
	ADI	D	0.13%	0.21%	0.13%
	ADM	D	0.21%	0.05%	0.05%
	ADP	B	0.15%	0.25%	0.15%
	ADSK	B	0.03%	0.13%	0.03%
	AEE	A	0.07%	0.05%	0.05%
	AEP	C	0.16%	0.1%	0.1%
	AES	F	0.05%	0.02%	0.02%
	AFL	C	0.21%	0.11%	0.11%
	AIG	C	0.28%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	B	0.05%	0.13%	0.05%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	B	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.27%	0.1%	0.1%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.24%	0.3%	0.24%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.46%	0.09%
	AME	A	0.05%	0.09%	0.05%
	AMGN	D	0.39%	0.32%	0.32%
	AMP	A	0.15%	0.11%	0.11%
	AMT	D	0.11%	0.18%	0.11%
	AMZN	B	1.56%	3.85%	1.56%
	ANET	C	0.04%	0.2%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	B	0.13%	0.16%	0.13%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	A	0.13%	0.14%	0.13%
	APH	B	0.09%	0.17%	0.09%
	APTV	F	0.02%	0.03%	0.02%
	ARE	F	0.03%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.05%	0.06%	0.05%
	AVGO	C	0.61%	1.62%	0.61%
	AVY	D	0.04%	0.03%	0.03%
	AWK	C	0.04%	0.05%	0.04%
	AXP	B	0.36%	0.32%	0.32%
	AZO	C	0.06%	0.11%	0.06%
	BA	D	0.11%	0.21%	0.11%
	BAC	A	1.3%	0.61%	0.61%
	BALL	D	0.06%	0.04%	0.04%
	BAX	F	0.07%	0.03%	0.03%
	BBY	D	0.16%	0.03%	0.03%
	BDX	F	0.11%	0.13%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.05%	0.05%
	BK	B	0.26%	0.11%	0.11%
	BKNG	A	0.24%	0.33%	0.24%
	BKR	B	0.16%	0.09%	0.09%
	BLDR	D	0.06%	0.04%	0.04%
	BMY	A	0.45%	0.24%	0.24%
	BR	B	0.03%	0.05%	0.03%
	BRK.A	B	2.17%	1.68%	1.68%
	BRO	B	0.02%	0.05%	0.02%
	BSX	A	0.09%	0.26%	0.09%
	BWA	D	0.05%	0.02%	0.02%
	BX	A	0.13%	0.26%	0.13%
	BXP	D	0.05%	0.02%	0.02%
	C	B	1.1%	0.26%	0.26%
	CAG	F	0.06%	0.03%	0.03%
	CAH	B	0.07%	0.06%	0.06%
	CARR	D	0.12%	0.12%	0.12%
	CAT	C	0.41%	0.38%	0.38%
	CB	C	0.26%	0.21%	0.21%
	CBOE	C	0.01%	0.04%	0.01%
	CBRE	B	0.13%	0.08%	0.08%
	CCI	C	0.09%	0.09%	0.09%
	CCL	A	0.06%	0.05%	0.05%
	CDNS	B	0.03%	0.16%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	C	0.1%	0.14%	0.1%
	CF	A	0.07%	0.03%	0.03%
	CFG	B	0.1%	0.04%	0.04%
	CHD	A	0.04%	0.05%	0.04%
	CHRW	B	0.08%	0.03%	0.03%
	CHTR	B	0.35%	0.08%	0.08%
	CI	D	0.48%	0.19%	0.19%
	CINF	A	0.07%	0.05%	0.05%
	CL	D	0.13%	0.15%	0.13%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.34%	0.34%
	CME	A	0.08%	0.16%	0.08%
	CMG	C	0.04%	0.16%	0.04%
	CMI	A	0.19%	0.1%	0.1%
	CMS	C	0.06%	0.04%	0.04%
	CNC	F	0.19%	0.06%	0.06%
	CNP	A	0.06%	0.04%	0.04%
	COF	B	0.48%	0.14%	0.14%
	COP	B	0.48%	0.25%	0.25%
	COR	B	0.02%	0.09%	0.02%
	COST	A	0.66%	0.82%	0.66%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	B	0.03%	0.1%	0.03%
	CPT	C	0.02%	0.03%	0.02%
	CRL	D	0.01%	0.02%	0.01%
	CRM	B	0.15%	0.65%	0.15%
	CSCO	B	0.82%	0.47%	0.47%
	CSX	C	0.22%	0.14%	0.14%
	CTAS	B	0.08%	0.15%	0.08%
	CTLT	D	0.02%	0.02%	0.02%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	C	0.19%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.68%	0.13%	0.13%
	CVX	A	1.25%	0.52%	0.52%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.17%	0.09%	0.09%
	DAL	A	0.03%	0.08%	0.03%
	DD	D	0.17%	0.07%	0.07%
	DE	C	0.23%	0.2%	0.2%
	DECK	A	0.03%	0.05%	0.03%
	DELL	B	0.03%	0.08%	0.03%
	DFS	B	0.26%	0.09%	0.09%
	DG	F	0.08%	0.03%	0.03%
	DGX	A	0.07%	0.04%	0.04%
	DHI	D	0.16%	0.09%	0.09%
	DHR	D	0.15%	0.3%	0.15%
	DIS	B	0.45%	0.36%	0.36%
	DLR	A	0.08%	0.11%	0.08%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	D	0.03%	0.03%	0.03%
	DOV	B	0.06%	0.05%	0.05%
	DOW	F	0.18%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	C	0.05%	0.04%	0.04%
	DTE	C	0.07%	0.05%	0.05%
	DUK	C	0.3%	0.17%	0.17%
	DVA	C	0.06%	0.01%	0.01%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.09%	0.08%	0.08%
	EBAY	D	0.17%	0.06%	0.06%
	ECL	D	0.08%	0.12%	0.08%
	ED	C	0.12%	0.07%	0.07%
	EFX	F	0.03%	0.07%	0.03%
	EG	D	0.02%	0.03%	0.02%
	EIX	C	0.1%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.36%	0.19%	0.19%
	EMN	D	0.08%	0.02%	0.02%
	EMR	A	0.17%	0.14%	0.14%
	EOG	A	0.23%	0.15%	0.15%
	EPAM	C	0.02%	0.03%	0.02%
	EQIX	A	0.08%	0.17%	0.08%
	EQR	C	0.05%	0.05%	0.05%
	EQT	A	0.04%	0.05%	0.04%
	ES	C	0.08%	0.04%	0.04%
	ESS	A	0.03%	0.04%	0.03%
	ETN	B	0.23%	0.29%	0.23%
	ETR	A	0.12%	0.06%	0.06%
	EVRG	A	0.07%	0.03%	0.03%
	EW	C	0.04%	0.08%	0.04%
	EXC	C	0.17%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	C	0.03%	0.07%	0.03%
	F	C	0.33%	0.09%	0.09%
	FANG	D	0.05%	0.07%	0.05%
	FAST	B	0.07%	0.09%	0.07%
	FCX	F	0.14%	0.12%	0.12%
	FDX	B	0.32%	0.13%	0.13%
	FE	C	0.09%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.13%	0.24%	0.13%
	FIS	C	0.12%	0.09%	0.09%
	FITB	B	0.13%	0.06%	0.06%
	FMC	D	0.03%	0.01%	0.01%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	B	0.03%	0.12%	0.03%
	FTV	D	0.03%	0.05%	0.03%
	GD	D	0.21%	0.16%	0.16%
	GDDY	A	0.03%	0.05%	0.03%
	GE	D	0.15%	0.39%	0.15%
	GEHC	D	0.09%	0.08%	0.08%
	GEN	B	0.04%	0.03%	0.03%
	GEV	A	0.04%	0.18%	0.04%
	GILD	C	0.37%	0.23%	0.23%
	GIS	F	0.11%	0.07%	0.07%
	GL	C	0.03%	0.02%	0.02%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.79%	0.13%	0.13%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	B	1.14%	1.74%	1.14%
	GOOGL	B	1.33%	2.1%	1.33%
	GPC	F	0.05%	0.03%	0.03%
	GPN	C	0.09%	0.06%	0.06%
	GRMN	B	0.03%	0.06%	0.03%
	GS	B	0.62%	0.37%	0.37%
	GWW	B	0.08%	0.11%	0.08%
	HAL	C	0.06%	0.05%	0.05%
	HAS	D	0.03%	0.02%	0.02%
	HBAN	B	0.08%	0.05%	0.05%
	HCA	F	0.2%	0.13%	0.13%
	HD	A	0.8%	0.79%	0.79%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.14%	0.07%	0.07%
	HII	F	0.03%	0.02%	0.02%
	HLT	A	0.06%	0.12%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.37%	0.3%	0.3%
	HPE	B	0.21%	0.06%	0.06%
	HPQ	B	0.21%	0.07%	0.07%
	HRL	D	0.03%	0.02%	0.02%
	HSIC	C	0.04%	0.02%	0.02%
	HST	D	0.04%	0.02%	0.02%
	HSY	F	0.04%	0.05%	0.04%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	D	0.19%	0.07%	0.07%
	HWM	A	0.07%	0.09%	0.07%
	IBM	C	0.54%	0.38%	0.38%
	ICE	C	0.11%	0.18%	0.11%
	IDXX	F	0.02%	0.07%	0.02%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.05%	0.05%	0.05%
	INTC	C	0.89%	0.2%	0.2%
	INTU	B	0.11%	0.39%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	A	0.17%	0.04%	0.04%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.07%	0.07%	0.07%
	IR	B	0.03%	0.08%	0.03%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	A	0.09%	0.38%	0.09%
	IT	C	0.03%	0.08%	0.03%
	ITW	B	0.15%	0.14%	0.14%
	IVZ	C	0.05%	0.02%	0.02%
	J	D	0.05%	0.04%	0.04%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	C	0.06%	0.03%	0.03%
	JCI	B	0.16%	0.11%	0.11%
	JKHY	D	0.02%	0.03%	0.02%
	JNJ	D	0.89%	0.72%	0.72%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.03%	1.34%	1.34%
	K	B	0.07%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.1%	0.04%	0.04%
	KEYS	C	0.04%	0.06%	0.04%
	KHC	F	0.09%	0.06%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.12%	0.2%	0.12%
	KLAC	F	0.08%	0.18%	0.08%
	KMB	C	0.1%	0.09%	0.09%
	KMI	A	0.23%	0.1%	0.1%
	KMX	C	0.06%	0.02%	0.02%
	KO	D	0.35%	0.48%	0.35%
	KR	B	0.3%	0.08%	0.08%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.03%	0.03%
	LDOS	C	0.07%	0.05%	0.05%
	LEN	D	0.16%	0.08%	0.08%
	LH	B	0.09%	0.04%	0.04%
	LHX	B	0.16%	0.1%	0.1%
	LIN	D	0.33%	0.43%	0.33%
	LKQ	F	0.05%	0.02%	0.02%
	LLY	F	0.2%	1.27%	0.2%
	LMT	D	0.37%	0.24%	0.24%
	LNT	A	0.04%	0.03%	0.03%
	LOW	C	0.43%	0.3%	0.3%
	LRCX	F	0.15%	0.19%	0.15%
	LULU	C	0.01%	0.07%	0.01%
	LUV	B	0.02%	0.04%	0.02%
	LVS	B	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.14%	0.04%	0.04%
	MA	B	0.29%	0.86%	0.29%
	MAA	A	0.03%	0.04%	0.03%
	MAR	B	0.09%	0.13%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.42%	0.34%
	MCHP	F	0.05%	0.07%	0.05%
	MCK	A	0.11%	0.16%	0.11%
	MCO	D	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.18%	0.18%
	MDT	D	0.16%	0.22%	0.16%
	MET	A	0.26%	0.1%	0.1%
	META	C	1.79%	2.52%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MHK	D	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.04%	0.03%
	MLM	B	0.04%	0.07%	0.04%
	MMC	D	0.14%	0.22%	0.14%
	MMM	D	0.35%	0.14%	0.14%
	MNST	C	0.05%	0.08%	0.05%
	MO	A	0.37%	0.18%	0.18%
	MOH	F	0.05%	0.04%	0.04%
	MOS	D	0.06%	0.02%	0.02%
	MPC	D	0.4%	0.1%	0.1%
	MRK	F	0.42%	0.49%	0.42%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	A	0.09%	0.03%	0.03%
	MS	A	0.46%	0.32%	0.32%
	MSCI	B	0.03%	0.09%	0.03%
	MSFT	D	2.43%	6.2%	2.43%
	MSI	B	0.07%	0.16%	0.07%
	MTB	A	0.11%	0.07%	0.07%
	MTD	F	0.03%	0.05%	0.03%
	MU	D	0.38%	0.23%	0.23%
	NDAQ	A	0.03%	0.06%	0.03%
	NDSN	D	0.02%	0.03%	0.02%
	NEE	C	0.24%	0.3%	0.24%
	NEM	D	0.13%	0.09%	0.09%
	NFLX	A	0.17%	0.69%	0.17%
	NI	A	0.05%	0.03%	0.03%
	NKE	F	0.19%	0.18%	0.18%
	NOC	D	0.2%	0.14%	0.14%
	NOW	B	0.01%	0.43%	0.01%
	NRG	B	0.1%	0.04%	0.04%
	NSC	B	0.21%	0.12%	0.12%
	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	A	0.4%	7.19%	0.4%
	NVR	D	0.08%	0.06%	0.06%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	F	0.05%	0.11%	0.05%
	O	C	0.04%	0.1%	0.04%
	ODFL	B	0.06%	0.08%	0.06%
	OKE	A	0.14%	0.12%	0.12%
	OMC	C	0.08%	0.04%	0.04%
	ON	F	0.04%	0.06%	0.04%
	ORCL	A	0.5%	0.6%	0.5%
	ORLY	B	0.11%	0.14%	0.11%
	OTIS	C	0.05%	0.08%	0.05%
	OXY	F	0.11%	0.07%	0.07%
	PANW	B	0.03%	0.25%	0.03%
	PARA	D	0.11%	0.01%	0.01%
	PAYX	B	0.06%	0.09%	0.06%
	PCAR	C	0.15%	0.12%	0.12%
	PCG	A	0.03%	0.09%	0.03%
	PEG	C	0.11%	0.09%	0.09%
	PEP	F	0.41%	0.45%	0.41%
	PFE	F	0.68%	0.29%	0.29%
	PFG	C	0.09%	0.04%	0.04%
	PG	C	0.77%	0.77%	0.77%
	PGR	B	0.23%	0.3%	0.23%
	PH	B	0.13%	0.18%	0.13%
	PHM	D	0.11%	0.05%	0.05%
	PKG	B	0.07%	0.04%	0.04%
	PLD	D	0.07%	0.21%	0.07%
	PM	A	0.48%	0.38%	0.38%
	PNC	B	0.3%	0.17%	0.17%
	PNR	B	0.04%	0.03%	0.03%
	PNW	B	0.04%	0.02%	0.02%
	POOL	D	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.06%	0.06%
	PPL	A	0.11%	0.05%	0.05%
	PRU	B	0.22%	0.09%	0.09%
	PSA	C	0.05%	0.1%	0.05%
	PSX	C	0.36%	0.11%	0.11%
	PWR	A	0.07%	0.09%	0.07%
	PYPL	B	0.22%	0.17%	0.17%
	QCOM	F	0.43%	0.36%	0.36%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.17%	0.1%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.05%	0.06%	0.05%
	RL	C	0.03%	0.02%	0.02%
	RMD	C	0.03%	0.07%	0.03%
	ROK	B	0.06%	0.06%	0.06%
	ROP	C	0.05%	0.12%	0.05%
	ROST	D	0.07%	0.09%	0.07%
	RSG	A	0.06%	0.09%	0.06%
	RTX	D	0.34%	0.32%	0.32%
	RVTY	D	0.03%	0.03%	0.03%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.28%	0.22%	0.22%
	SCHW	A	0.13%	0.23%	0.13%
	SHW	C	0.08%	0.18%	0.08%
	SJM	D	0.05%	0.02%	0.02%
	SLB	C	0.12%	0.12%	0.12%
	SNA	B	0.06%	0.04%	0.04%
	SNPS	C	0.03%	0.17%	0.03%
	SO	C	0.26%	0.19%	0.19%
	SOLV	F	0.02%	0.02%	0.02%
	SPG	A	0.1%	0.11%	0.1%
	SPGI	D	0.15%	0.32%	0.15%
	SRE	A	0.13%	0.12%	0.12%
	STE	D	0.03%	0.04%	0.03%
	STLD	B	0.11%	0.04%	0.04%
	STT	B	0.1%	0.06%	0.06%
	STX	D	0.09%	0.04%	0.04%
	STZ	D	0.07%	0.07%	0.07%
	SW	A	0.09%	0.05%	0.05%
	SWK	F	0.07%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.34%	0.05%	0.05%
	SYK	A	0.13%	0.26%	0.13%
	SYY	D	0.1%	0.07%	0.07%
	T	A	1.27%	0.31%	0.31%
	TAP	B	0.05%	0.02%	0.02%
	TDG	D	0.06%	0.15%	0.06%
	TDY	B	0.03%	0.04%	0.03%
	TER	F	0.04%	0.03%	0.03%
	TFC	A	0.23%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	B	0.38%	0.14%	0.14%
	TJX	A	0.22%	0.27%	0.22%
	TMO	F	0.25%	0.41%	0.25%
	TMUS	B	0.25%	0.23%	0.23%
	TPR	B	0.05%	0.02%	0.02%
	TRGP	A	0.07%	0.08%	0.07%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	B	0.13%	0.05%	0.05%
	TRV	A	0.31%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	A	0.28%	1.8%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	A	0.06%	0.18%	0.06%
	TTWO	A	0.03%	0.06%	0.03%
	TXN	C	0.34%	0.38%	0.34%
	TXT	D	0.06%	0.03%	0.03%
	UBER	F	0.04%	0.3%	0.04%
	UDR	C	0.02%	0.03%	0.02%
	UHS	D	0.08%	0.02%	0.02%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.22%	1.12%	1.12%
	UNP	D	0.35%	0.29%	0.29%
	UPS	C	0.28%	0.19%	0.19%
	URI	B	0.13%	0.11%	0.11%
	USB	B	0.32%	0.16%	0.16%
	V	A	0.36%	1.02%	0.36%
	VICI	C	0.02%	0.06%	0.02%
	VLO	C	0.39%	0.09%	0.09%
	VMC	B	0.05%	0.07%	0.05%
	VRSK	B	0.04%	0.08%	0.04%
	VRSN	F	0.01%	0.03%	0.01%
	VRTX	D	0.07%	0.25%	0.07%
	VST	A	0.16%	0.1%	0.1%
	VTR	B	0.08%	0.05%	0.05%
	VTRS	A	0.1%	0.03%	0.03%
	VZ	C	1.13%	0.34%	0.34%
	WAB	B	0.06%	0.07%	0.06%
	WAT	C	0.04%	0.05%	0.04%
	WBA	F	0.17%	0.01%	0.01%
	WBD	B	0.08%	0.04%	0.04%
	WDC	F	0.12%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.1%	0.16%	0.1%
	WFC	A	1.35%	0.49%	0.49%
	WM	B	0.15%	0.16%	0.15%
	WMB	A	0.17%	0.14%	0.14%
	WMT	A	1.47%	0.73%	0.73%
	WRB	B	0.03%	0.04%	0.03%
	WST	D	0.02%	0.05%	0.02%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	XEL	A	0.12%	0.08%	0.08%
	XOM	B	1.99%	1.05%	1.05%
	XYL	D	0.03%	0.06%	0.03%
	YUM	D	0.08%	0.07%	0.07%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.07%	0.16%	0.07%

FNDX Overweight 254 Positions Relative to SPLG

	Symbol	Grade	Weight
	LUMN	C	0.65%
	BLK	B	0.28%
	ALLY	C	0.1%
	RS	B	0.09%
	ARW	F	0.08%
	USFD	A	0.08%
	WHR	B	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	OC	A	0.07%
	VFC	C	0.07%
	CMA	B	0.07%
	THC	C	0.07%
	R	B	0.07%
	X	C	0.07%
	LAD	B	0.07%
	AVT	C	0.07%
	OVV	C	0.06%
	TOL	B	0.06%
	M	D	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	A	0.06%
	KSS	F	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	AN	D	0.05%
	KD	A	0.05%
	DXC	D	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	SFM	A	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	FBIN	F	0.04%
	LPX	B	0.04%
	BCC	C	0.04%
	GAP	D	0.04%
	SSNC	C	0.04%
	OSK	C	0.04%
	AMG	C	0.04%
	ZIM	A	0.04%
	UFPI	C	0.04%
	FYBR	C	0.04%
	RPM	B	0.04%
	CNO	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	B	0.04%
	TMHC	B	0.04%
	CCK	D	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	B	0.04%
	RHI	C	0.04%
	FAF	C	0.04%
	MUSA	B	0.04%
	BERY	D	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	C	0.04%
	KNX	B	0.04%
	WSM	D	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	D	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	AR	B	0.03%
	SCI	A	0.03%
	ACI	C	0.03%
	GNTX	F	0.03%
	AAP	D	0.03%
	TRU	D	0.03%
	BTU	C	0.03%
	SQ	A	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	C	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	D	0.03%
	APO	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	ARMK	C	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	F	0.03%
	CACI	C	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	EWBC	A	0.03%
	WU	F	0.03%
	CIEN	B	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	D	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	A	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	MLI	B	0.03%
	WLK	F	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	A	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	B	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	D	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	MIDD	D	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	F	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	B	0.02%
	OI	D	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	NAVI	F	0.02%
	SM	C	0.02%
	CCEP	D	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	F	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	F	0.02%
	NOV	D	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	C	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	F	0.02%
	CC	D	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	D	0.02%
	PK	D	0.02%
	BRX	A	0.02%
	MTG	D	0.02%
	ABM	B	0.02%
	DAR	B	0.02%
	ATR	B	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	RUSHA	B	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	F	0.01%
	LILAK	F	0.01%
	CNXC	F	0.01%
	DBX	C	0.01%
	ICLR	F	0.01%
	WTRG	B	0.01%
	MSM	D	0.01%
	SPTN	F	0.01%
	CHE	F	0.01%
	MMS	D	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	C	0.01%
	BLD	F	0.01%
	TNL	B	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	HRB	D	0.01%
	XRAY	D	0.01%
	DK	D	0.01%
	HTZ	C	0.01%
	DAN	F	0.01%
	UNFI	B	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 31 Positions Relative to SPLG

	Symbol	Grade	Weight
	PLTR	A	-0.24%
	CRWD	B	-0.16%
	ABNB	D	-0.12%
	RCL	A	-0.11%
	FICO	B	-0.11%
	AXON	A	-0.08%
	UAL	A	-0.06%
	DXCM	C	-0.06%
	CSGP	F	-0.06%
	MPWR	F	-0.06%
	PTC	B	-0.05%
	VLTO	C	-0.05%
	TYL	B	-0.05%
	FDS	B	-0.04%
	PODD	B	-0.04%
	LYV	A	-0.04%
	INCY	C	-0.03%
	ROL	B	-0.03%
	WYNN	D	-0.02%
	MTCH	F	-0.02%
	ENPH	F	-0.02%
	FRT	B	-0.02%
	MKTX	D	-0.02%
	ERIE	F	-0.02%
	SMCI	F	-0.02%
	PAYC	B	-0.02%
	TECH	F	-0.02%
	NCLH	B	-0.02%
	DAY	B	-0.02%
	NWS	A	-0.01%
	FOX	A	-0.01%

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

SPLG: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management 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 Dow Jones Component Insurance Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank