FNDX vs. SPY ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR S&P 500 (SPY)

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

$70.49

Average Daily Volume

430,315

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$561.40

Average Daily Volume

49,837,138

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SPY
30 Days	1.34%	0.32%
60 Days	2.80%	2.26%
90 Days	5.41%	2.96%
12 Months	23.82%	28.13%

465 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in SPY	Overlap
A	C	0.06%	0.09%	0.06%
AAL	D	0.0%	0.02%	0.0%
AAPL	D	4.51%	6.87%	4.51%
ABBV	C	0.6%	0.74%	0.6%
ABT	C	0.34%	0.43%	0.34%
ACGL	B	0.05%	0.09%	0.05%
ACN	C	0.34%	0.47%	0.34%
ADBE	D	0.22%	0.56%	0.22%
ADI	D	0.13%	0.24%	0.13%
ADM	D	0.22%	0.06%	0.06%
ADP	B	0.15%	0.24%	0.15%
ADSK	B	0.03%	0.12%	0.03%
AEE	B	0.07%	0.05%	0.05%
AEP	B	0.18%	0.12%	0.12%
AES	C	0.06%	0.03%	0.03%
AFL	B	0.23%	0.12%	0.12%
AIG	D	0.28%	0.1%	0.1%
AIZ	B	0.03%	0.02%	0.02%
AJG	C	0.05%	0.14%	0.05%
AKAM	D	0.03%	0.03%	0.03%
ALB	F	0.02%	0.02%	0.02%
ALGN	D	0.02%	0.03%	0.02%
ALL	A	0.29%	0.1%	0.1%
ALLE	B	0.02%	0.03%	0.02%
AMAT	D	0.25%	0.33%	0.25%
AMCR	C	0.02%	0.03%	0.02%
AMD	F	0.09%	0.52%	0.09%
AME	C	0.05%	0.08%	0.05%
AMGN	B	0.48%	0.38%	0.38%
AMP	B	0.12%	0.09%	0.09%
AMT	C	0.14%	0.24%	0.14%
AMZN	C	1.42%	3.61%	1.42%
ANET	B	0.04%	0.18%	0.04%
ANSS	F	0.02%	0.06%	0.02%
AON	B	0.13%	0.16%	0.13%
AOS	C	0.03%	0.02%	0.02%
APA	F	0.03%	0.02%	0.02%
APD	B	0.11%	0.13%	0.11%
APH	D	0.09%	0.16%	0.09%
APTV	D	0.04%	0.04%	0.04%
ARE	B	0.03%	0.04%	0.03%
ATO	B	0.04%	0.04%	0.04%
AVB	B	0.06%	0.07%	0.06%
AVGO	C	0.68%	1.48%	0.68%
AVY	D	0.04%	0.04%	0.04%
AWK	A	0.05%	0.06%	0.05%
AXP	B	0.37%	0.31%	0.31%
AZO	D	0.06%	0.12%	0.06%
BA	F	0.14%	0.2%	0.14%
BAC	D	1.22%	0.57%	0.57%
BALL	C	0.06%	0.04%	0.04%
BAX	C	0.09%	0.04%	0.04%
BBWI	F	0.02%	0.01%	0.01%
BBY	B	0.19%	0.04%	0.04%
BDX	F	0.11%	0.14%	0.11%
BEN	F	0.04%	0.01%	0.01%
BG	D	0.11%	0.03%	0.03%
BIIB	F	0.1%	0.06%	0.06%
BK	A	0.26%	0.11%	0.11%
BKNG	B	0.2%	0.28%	0.2%
BKR	D	0.14%	0.07%	0.07%
BLDR	C	0.04%	0.04%	0.04%
BLK	A	0.26%	0.26%	0.26%
BMY	C	0.35%	0.21%	0.21%
BR	D	0.04%	0.05%	0.04%
BRK.A	C	2.29%	1.76%	1.76%
BRO	C	0.03%	0.05%	0.03%
BSX	B	0.09%	0.26%	0.09%
BWA	D	0.05%	0.02%	0.02%
BX	B	0.11%	0.22%	0.11%
BXP	B	0.05%	0.02%	0.02%
C	D	1.04%	0.23%	0.23%
CAG	B	0.07%	0.03%	0.03%
CAH	C	0.07%	0.06%	0.06%
CARR	B	0.13%	0.13%	0.13%
CAT	C	0.39%	0.35%	0.35%
CB	B	0.29%	0.25%	0.25%
CBOE	C	0.02%	0.05%	0.02%
CBRE	A	0.12%	0.07%	0.07%
CCI	B	0.11%	0.11%	0.11%
CCL	C	0.05%	0.04%	0.04%
CDNS	D	0.03%	0.15%	0.03%
CDW	D	0.06%	0.06%	0.06%
CE	D	0.06%	0.03%	0.03%
CEG	C	0.1%	0.13%	0.1%
CF	B	0.06%	0.03%	0.03%
CFG	D	0.1%	0.04%	0.04%
CHD	C	0.04%	0.05%	0.04%
CHRW	B	0.07%	0.02%	0.02%
CHTR	D	0.32%	0.07%	0.07%
CI	C	0.55%	0.22%	0.22%
CINF	B	0.07%	0.05%	0.05%
CL	C	0.16%	0.19%	0.16%
CLX	C	0.04%	0.04%	0.04%
CMCSA	D	0.75%	0.32%	0.32%
CME	C	0.08%	0.17%	0.08%
CMG	C	0.04%	0.16%	0.04%
CMI	C	0.17%	0.09%	0.09%
CMS	A	0.06%	0.04%	0.04%
CNC	C	0.25%	0.08%	0.08%
CNP	C	0.06%	0.04%	0.04%
COF	C	0.39%	0.11%	0.11%
COP	D	0.42%	0.26%	0.26%
COST	C	0.73%	0.85%	0.73%
CPAY	B	0.05%	0.05%	0.05%
CPB	B	0.04%	0.02%	0.02%
CPRT	D	0.02%	0.09%	0.02%
CPT	B	0.02%	0.03%	0.02%
CRL	D	0.01%	0.02%	0.01%
CRM	D	0.12%	0.52%	0.12%
CSCO	B	0.73%	0.43%	0.43%
CSX	D	0.21%	0.14%	0.14%
CTAS	C	0.09%	0.15%	0.09%
CTLT	B	0.02%	0.02%	0.02%
CTRA	F	0.01%	0.04%	0.01%
CTSH	C	0.18%	0.08%	0.08%
CTVA	B	0.09%	0.08%	0.08%
CVS	D	0.68%	0.15%	0.15%
CVX	D	1.07%	0.51%	0.51%
CZR	C	0.02%	0.02%	0.02%
D	C	0.19%	0.1%	0.1%
DAL	C	0.02%	0.06%	0.02%
DD	B	0.18%	0.07%	0.07%
DE	B	0.22%	0.22%	0.22%
DECK	C	0.03%	0.05%	0.03%
DFS	C	0.21%	0.07%	0.07%
DG	F	0.08%	0.04%	0.04%
DGX	B	0.07%	0.04%	0.04%
DHI	B	0.2%	0.12%	0.12%
DHR	B	0.17%	0.38%	0.17%
DIS	D	0.37%	0.34%	0.34%
DLR	B	0.08%	0.11%	0.08%
DLTR	F	0.04%	0.03%	0.03%
DOC	C	0.04%	0.03%	0.03%
DOV	B	0.06%	0.05%	0.05%
DOW	D	0.2%	0.08%	0.08%
DPZ	F	0.04%	0.03%	0.03%
DRI	C	0.05%	0.04%	0.04%
DTE	B	0.08%	0.05%	0.05%
DUK	C	0.34%	0.19%	0.19%
DVA	B	0.07%	0.02%	0.02%
DVN	F	0.08%	0.05%	0.05%
EA	D	0.08%	0.08%	0.08%
EBAY	B	0.19%	0.07%	0.07%
ECL	B	0.09%	0.14%	0.09%
ED	C	0.13%	0.08%	0.08%
EFX	C	0.04%	0.08%	0.04%
EG	B	0.03%	0.03%	0.03%
EIX	C	0.11%	0.07%	0.07%
EL	F	0.04%	0.04%	0.04%
ELV	C	0.5%	0.27%	0.27%
EMN	B	0.08%	0.03%	0.03%
EMR	D	0.15%	0.12%	0.12%
EOG	D	0.2%	0.15%	0.15%
EPAM	D	0.02%	0.02%	0.02%
EQIX	B	0.08%	0.18%	0.08%
EQR	B	0.06%	0.06%	0.06%
EQT	D	0.03%	0.04%	0.03%
ES	C	0.09%	0.05%	0.05%
ESS	B	0.04%	0.04%	0.04%
ETN	C	0.21%	0.25%	0.21%
ETR	A	0.11%	0.06%	0.06%
EVRG	A	0.07%	0.03%	0.03%
EW	F	0.04%	0.09%	0.04%
EXC	B	0.18%	0.08%	0.08%
EXPD	B	0.02%	0.04%	0.02%
EXPE	C	0.03%	0.04%	0.03%
EXR	B	0.04%	0.08%	0.04%
F	D	0.31%	0.09%	0.09%
FANG	D	0.05%	0.06%	0.05%
FAST	C	0.07%	0.08%	0.07%
FCX	D	0.13%	0.13%	0.13%
FDX	C	0.32%	0.14%	0.14%
FE	C	0.1%	0.05%	0.05%
FFIV	A	0.03%	0.03%	0.03%
FIS	B	0.13%	0.1%	0.1%
FITB	B	0.13%	0.06%	0.06%
FMC	C	0.03%	0.02%	0.02%
FOXA	B	0.09%	0.02%	0.02%
FSLR	C	0.02%	0.05%	0.02%
FTNT	C	0.03%	0.1%	0.03%
FTV	C	0.03%	0.05%	0.03%
GD	B	0.23%	0.15%	0.15%
GDDY	C	0.03%	0.05%	0.03%
GE	B	0.18%	0.39%	0.18%
GEHC	C	0.07%	0.08%	0.07%
GEV	B	0.05%	0.12%	0.05%
GILD	B	0.35%	0.22%	0.22%
GIS	B	0.13%	0.09%	0.09%
GL	C	0.03%	0.02%	0.02%
GLW	B	0.14%	0.07%	0.07%
GM	B	0.69%	0.11%	0.11%
GNRC	D	0.02%	0.02%	0.02%
GOOG	D	1.06%	1.59%	1.06%
GOOGL	D	1.22%	1.9%	1.22%
GPC	D	0.05%	0.04%	0.04%
GPN	D	0.08%	0.06%	0.06%
GRMN	D	0.05%	0.06%	0.05%
GS	D	0.56%	0.33%	0.33%
GWW	B	0.07%	0.09%	0.07%
HAL	F	0.06%	0.05%	0.05%
HAS	B	0.04%	0.02%	0.02%
HBAN	B	0.07%	0.04%	0.04%
HCA	B	0.25%	0.16%	0.16%
HD	B	0.78%	0.79%	0.78%
HES	D	0.04%	0.07%	0.04%
HIG	A	0.15%	0.07%	0.07%
HII	C	0.04%	0.02%	0.02%
HLT	B	0.06%	0.11%	0.06%
HOLX	B	0.04%	0.04%	0.04%
HON	D	0.34%	0.28%	0.28%
HPE	D	0.18%	0.05%	0.05%
HPQ	D	0.2%	0.06%	0.06%
HRL	C	0.03%	0.02%	0.02%
HSIC	C	0.04%	0.02%	0.02%
HST	D	0.04%	0.03%	0.03%
HSY	C	0.04%	0.06%	0.04%
HUBB	B	0.03%	0.05%	0.03%
HUM	F	0.21%	0.08%	0.08%
HWM	B	0.06%	0.08%	0.06%
IBM	B	0.61%	0.41%	0.41%
ICE	B	0.13%	0.2%	0.13%
IDXX	C	0.03%	0.09%	0.03%
IEX	D	0.02%	0.03%	0.02%
IFF	B	0.06%	0.06%	0.06%
INTC	F	0.6%	0.18%	0.18%
INTU	D	0.11%	0.39%	0.11%
INVH	C	0.03%	0.04%	0.03%
IP	B	0.15%	0.03%	0.03%
IPG	C	0.04%	0.03%	0.03%
IQV	C	0.08%	0.09%	0.08%
IR	C	0.03%	0.08%	0.03%
IRM	B	0.08%	0.07%	0.07%
ISRG	C	0.09%	0.37%	0.09%
IT	B	0.03%	0.08%	0.03%
ITW	B	0.15%	0.14%	0.14%
IVZ	C	0.04%	0.02%	0.02%
J	D	0.05%	0.04%	0.04%
JBHT	D	0.04%	0.03%	0.03%
JBL	D	0.05%	0.03%	0.03%
JCI	B	0.15%	0.1%	0.1%
JKHY	B	0.02%	0.03%	0.02%
JNJ	B	1.0%	0.85%	0.85%
JNPR	A	0.05%	0.03%	0.03%
JPM	D	1.94%	1.27%	1.27%
K	A	0.07%	0.05%	0.05%
KDP	A	0.08%	0.08%	0.08%
KEY	B	0.1%	0.03%	0.03%
KEYS	C	0.03%	0.06%	0.03%
KHC	C	0.11%	0.06%	0.06%
KIM	B	0.03%	0.03%	0.03%
KKR	B	0.11%	0.17%	0.11%
KLAC	D	0.1%	0.22%	0.1%
KMB	D	0.11%	0.1%	0.1%
KMI	A	0.19%	0.09%	0.09%
KMX	D	0.07%	0.03%	0.03%
KO	B	0.43%	0.59%	0.43%
KR	B	0.3%	0.07%	0.07%
KVUE	B	0.03%	0.09%	0.03%
L	B	0.05%	0.03%	0.03%
LDOS	C	0.08%	0.04%	0.04%
LEN	B	0.19%	0.09%	0.09%
LHX	D	0.16%	0.09%	0.09%
LIN	B	0.35%	0.48%	0.35%
LKQ	D	0.05%	0.02%	0.02%
LLY	C	0.27%	1.57%	0.27%
LMT	C	0.4%	0.26%	0.26%
LNT	A	0.04%	0.03%	0.03%
LOW	B	0.42%	0.3%	0.3%
LRCX	F	0.16%	0.21%	0.16%
LULU	D	0.02%	0.06%	0.02%
LUV	C	0.02%	0.04%	0.02%
LVS	D	0.03%	0.03%	0.03%
LW	D	0.01%	0.02%	0.01%
LYB	F	0.16%	0.05%	0.05%
MA	B	0.28%	0.86%	0.28%
MAA	B	0.04%	0.04%	0.04%
MAR	C	0.08%	0.12%	0.08%
MAS	B	0.06%	0.04%	0.04%
MCD	C	0.34%	0.45%	0.34%
MCHP	D	0.05%	0.09%	0.05%
MCK	F	0.1%	0.14%	0.1%
MCO	A	0.08%	0.16%	0.08%
MDLZ	B	0.23%	0.21%	0.21%
MDT	C	0.27%	0.26%	0.26%
MET	A	0.26%	0.1%	0.1%
META	A	1.85%	2.4%	1.85%
MGM	D	0.05%	0.02%	0.02%
MHK	B	0.07%	0.02%	0.02%
MKC	B	0.04%	0.04%	0.04%
MLM	D	0.04%	0.07%	0.04%
MMC	C	0.15%	0.24%	0.15%
MMM	B	0.4%	0.15%	0.15%
MNST	C	0.04%	0.08%	0.04%
MO	C	0.39%	0.2%	0.2%
MOH	C	0.05%	0.04%	0.04%
MOS	F	0.05%	0.02%	0.02%
MPC	D	0.41%	0.12%	0.12%
MRK	D	0.51%	0.62%	0.51%
MRNA	F	0.04%	0.06%	0.04%
MRO	D	0.08%	0.03%	0.03%
MS	D	0.35%	0.26%	0.26%
MSCI	C	0.03%	0.1%	0.03%
MSFT	C	2.54%	6.73%	2.54%
MSI	C	0.06%	0.15%	0.06%
MTB	B	0.09%	0.06%	0.06%
MTD	D	0.04%	0.06%	0.04%
MU	F	0.35%	0.21%	0.21%
NDAQ	B	0.03%	0.06%	0.03%
NDSN	C	0.02%	0.03%	0.02%
NEE	B	0.29%	0.37%	0.29%
NEM	B	0.19%	0.13%	0.13%
NFLX	B	0.15%	0.63%	0.15%
NI	B	0.05%	0.03%	0.03%
NKE	D	0.18%	0.2%	0.18%
NOC	B	0.21%	0.15%	0.15%
NOW	A	0.01%	0.38%	0.01%
NRG	C	0.11%	0.04%	0.04%
NSC	C	0.21%	0.12%	0.12%
NTAP	D	0.08%	0.05%	0.05%
NTRS	B	0.07%	0.04%	0.04%
NUE	F	0.18%	0.07%	0.07%
NVDA	D	0.38%	6.15%	0.38%
NVR	B	0.08%	0.06%	0.06%
NWSA	D	0.04%	0.02%	0.02%
NXPI	D	0.08%	0.13%	0.08%
O	B	0.04%	0.12%	0.04%
ODFL	C	0.05%	0.07%	0.05%
OKE	B	0.13%	0.11%	0.11%
OMC	A	0.08%	0.04%	0.04%
ON	D	0.04%	0.06%	0.04%
ORCL	B	0.47%	0.54%	0.47%
ORLY	B	0.1%	0.14%	0.1%
OTIS	D	0.05%	0.08%	0.05%
OXY	F	0.11%	0.07%	0.07%
PANW	D	0.03%	0.24%	0.03%
PARA	F	0.09%	0.01%	0.01%
PAYX	C	0.06%	0.09%	0.06%
PCAR	D	0.13%	0.11%	0.11%
PCG	C	0.03%	0.09%	0.03%
PEG	B	0.11%	0.09%	0.09%
PEP	C	0.45%	0.52%	0.45%
PFE	C	0.75%	0.36%	0.36%
PFG	B	0.08%	0.04%	0.04%
PG	C	0.84%	0.88%	0.84%
PGR	A	0.26%	0.31%	0.26%
PH	B	0.12%	0.16%	0.12%
PHM	B	0.13%	0.06%	0.06%
PKG	B	0.07%	0.04%	0.04%
PLD	C	0.08%	0.26%	0.08%
PM	C	0.51%	0.42%	0.42%
PNC	B	0.29%	0.15%	0.15%
PNR	B	0.04%	0.03%	0.03%
PNW	B	0.04%	0.02%	0.02%
POOL	C	0.02%	0.03%	0.02%
PPG	C	0.08%	0.06%	0.06%
PPL	C	0.11%	0.05%	0.05%
PRU	C	0.23%	0.09%	0.09%
PSA	B	0.06%	0.12%	0.06%
PSX	D	0.36%	0.11%	0.11%
PWR	B	0.06%	0.08%	0.06%
PYPL	B	0.19%	0.16%	0.16%
QCOM	D	0.47%	0.4%	0.4%
QRVO	F	0.05%	0.02%	0.02%
REG	C	0.03%	0.03%	0.03%
REGN	C	0.16%	0.26%	0.16%
RF	B	0.08%	0.04%	0.04%
RJF	C	0.04%	0.05%	0.04%
RL	B	0.03%	0.01%	0.01%
RMD	C	0.04%	0.08%	0.04%
ROK	D	0.05%	0.06%	0.05%
ROP	C	0.05%	0.13%	0.05%
ROST	C	0.08%	0.11%	0.08%
RSG	D	0.07%	0.09%	0.07%
RTX	C	0.37%	0.34%	0.34%
SBAC	C	0.02%	0.06%	0.02%
SBUX	C	0.27%	0.24%	0.24%
SCHW	D	0.1%	0.2%	0.1%
SHW	B	0.09%	0.19%	0.09%
SJM	C	0.06%	0.03%	0.03%
SLB	F	0.11%	0.12%	0.11%
SNA	B	0.04%	0.03%	0.03%
SNPS	D	0.03%	0.16%	0.03%
SO	B	0.29%	0.21%	0.21%
SOLV	C	0.04%	0.02%	0.02%
SPG	B	0.11%	0.11%	0.11%
SPGI	B	0.15%	0.35%	0.15%
SRE	B	0.12%	0.11%	0.11%
STE	C	0.03%	0.05%	0.03%
STLD	D	0.09%	0.03%	0.03%
STT	A	0.09%	0.05%	0.05%
STX	D	0.1%	0.04%	0.04%
STZ	C	0.08%	0.09%	0.08%
SW	B	0.11%	0.05%	0.05%
SWK	B	0.08%	0.03%	0.03%
SWKS	F	0.05%	0.03%	0.03%
SYF	C	0.27%	0.04%	0.04%
SYK	C	0.13%	0.27%	0.13%
SYY	D	0.1%	0.08%	0.08%
T	B	1.37%	0.33%	0.33%
TAP	C	0.05%	0.02%	0.02%
TDG	B	0.08%	0.16%	0.08%
TDY	C	0.02%	0.04%	0.02%
TEL	D	0.11%	0.09%	0.09%
TER	D	0.05%	0.04%	0.04%
TFC	D	0.22%	0.12%	0.12%
TFX	C	0.02%	0.02%	0.02%
TGT	C	0.37%	0.15%	0.15%
TJX	C	0.24%	0.29%	0.24%
TMO	C	0.29%	0.51%	0.29%
TMUS	C	0.24%	0.22%	0.22%
TPR	C	0.04%	0.02%	0.02%
TRGP	B	0.06%	0.07%	0.06%
TRMB	C	0.03%	0.03%	0.03%
TROW	D	0.11%	0.05%	0.05%
TRV	B	0.3%	0.11%	0.11%
TSCO	C	0.06%	0.06%	0.06%
TSLA	C	0.19%	1.35%	0.19%
TSN	C	0.2%	0.04%	0.04%
TT	B	0.09%	0.17%	0.09%
TTWO	D	0.02%	0.05%	0.02%
TXN	C	0.34%	0.39%	0.34%
TXT	D	0.06%	0.04%	0.04%
UBER	C	0.04%	0.31%	0.04%
UDR	B	0.03%	0.03%	0.03%
UHS	B	0.1%	0.03%	0.03%
ULTA	D	0.03%	0.04%	0.03%
UNH	C	1.25%	1.16%	1.16%
UNP	B	0.4%	0.32%	0.32%
UPS	D	0.25%	0.2%	0.2%
URI	B	0.12%	0.1%	0.1%
USB	B	0.3%	0.15%	0.15%
V	B	0.35%	0.96%	0.35%
VICI	C	0.02%	0.07%	0.02%
VLO	D	0.38%	0.09%	0.09%
VMC	D	0.04%	0.07%	0.04%
VRSK	D	0.04%	0.08%	0.04%
VRSN	D	0.01%	0.03%	0.01%
VRTX	D	0.08%	0.26%	0.08%
VST	C	0.11%	0.06%	0.06%
VTR	C	0.09%	0.06%	0.06%
VTRS	C	0.1%	0.03%	0.03%
VZ	B	1.32%	0.39%	0.39%
WAB	A	0.06%	0.06%	0.06%
WAT	C	0.04%	0.04%	0.04%
WBA	F	0.14%	0.01%	0.01%
WBD	D	0.06%	0.03%	0.03%
WDC	D	0.13%	0.04%	0.04%
WEC	B	0.08%	0.06%	0.06%
WELL	B	0.11%	0.16%	0.11%
WFC	D	1.06%	0.4%	0.4%
WM	D	0.15%	0.16%	0.15%
WMB	B	0.15%	0.12%	0.12%
WMT	B	1.51%	0.72%	0.72%
WRB	C	0.04%	0.04%	0.04%
WST	D	0.02%	0.05%	0.02%
WTW	B	0.07%	0.06%	0.06%
WY	C	0.09%	0.05%	0.05%
XEL	A	0.12%	0.08%	0.08%
XOM	D	1.92%	1.05%	1.05%
XYL	D	0.04%	0.07%	0.04%
YUM	D	0.08%	0.08%	0.08%
ZBH	F	0.05%	0.05%	0.05%
ZBRA	B	0.04%	0.04%	0.04%
ZTS	B	0.08%	0.18%	0.08%

FNDX Overweight 253 Positions Relative to SPY

Symbol	Grade	Weight
LUMN	C	0.57%
ALLY	F	0.1%
JLL	B	0.09%
RS	D	0.08%
THC	B	0.08%
ARW	C	0.08%
OGN	D	0.07%
FNF	A	0.07%
KSS	F	0.07%
USFD	B	0.07%
AVT	D	0.07%
X	D	0.07%
EME	B	0.06%
OC	C	0.06%
TOL	B	0.06%
CMA	B	0.06%
VFC	C	0.06%
WHR	D	0.06%
R	B	0.06%
AFG	B	0.05%
AA	D	0.05%
EQH	C	0.05%
GPI	B	0.05%
INGR	A	0.05%
VNO	B	0.05%
SIRI	C	0.05%
DKS	D	0.05%
SFM	B	0.05%
CSL	C	0.05%
ORI	A	0.05%
MUSA	C	0.05%
KD	D	0.05%
DINO	D	0.05%
UNM	B	0.05%
DXC	C	0.05%
AN	D	0.05%
MAN	C	0.05%
ZION	D	0.05%
OMF	C	0.05%
LNG	D	0.05%
PFGC	B	0.05%
LAD	C	0.05%
WSM	C	0.05%
M	F	0.05%
LEA	D	0.05%
FLEX	C	0.05%
JEF	B	0.05%
LNC	D	0.05%
CASY	D	0.05%
RPM	B	0.04%
MTH	B	0.04%
SLM	C	0.04%
AYI	B	0.04%
CNO	B	0.04%
BAH	B	0.04%
BAP	A	0.04%
MRVL	C	0.04%
TMHC	B	0.04%
WU	D	0.04%
THO	D	0.04%
SSNC	B	0.04%
JXN	B	0.04%
CCK	A	0.04%
FYBR	C	0.04%
DOX	C	0.04%
PVH	F	0.04%
KNX	C	0.04%
EVR	B	0.04%
GAP	F	0.04%
BERY	B	0.04%
RGA	B	0.04%
ACM	B	0.04%
ALSN	B	0.04%
FAF	B	0.04%
ZIM	C	0.04%
TDS	C	0.04%
MKL	C	0.04%
OVV	D	0.04%
UGI	C	0.04%
SKX	C	0.03%
AAP	F	0.03%
CG	C	0.03%
ITT	C	0.03%
CPRI	D	0.03%
MTG	B	0.03%
CW	B	0.03%
CIEN	C	0.03%
BC	C	0.03%
FLR	D	0.03%
ILMN	C	0.03%
GNTX	F	0.03%
EWBC	C	0.03%
CLF	F	0.03%
SCI	B	0.03%
SON	C	0.03%
SAIC	C	0.03%
LPLA	D	0.03%
AVTR	B	0.03%
SUI	B	0.03%
JHG	B	0.03%
CMC	D	0.03%
FHN	D	0.03%
AER	C	0.03%
SWN	D	0.03%
BPOP	C	0.03%
RRX	C	0.03%
PBF	F	0.03%
AGCO	D	0.03%
NWL	D	0.03%
VOYA	A	0.03%
TRU	B	0.03%
GT	F	0.03%
CRBG	D	0.03%
OLN	D	0.03%
CHKP	C	0.03%
MLI	B	0.03%
SLG	B	0.03%
LII	B	0.03%
GNW	B	0.03%
TPH	C	0.03%
APO	C	0.03%
MTZ	B	0.03%
OGE	B	0.03%
WCC	C	0.03%
ARMK	B	0.03%
NXST	D	0.03%
KBH	B	0.03%
SANM	D	0.03%
RHI	D	0.03%
CCEP	B	0.03%
BURL	B	0.03%
HBI	B	0.03%
CACI	B	0.03%
WSO	C	0.03%
BCC	C	0.03%
UFPI	C	0.03%
GPK	B	0.03%
OSK	D	0.03%
FL	D	0.03%
CNH	C	0.03%
HUN	D	0.03%
LPX	B	0.03%
AMG	C	0.03%
OI	D	0.02%
UNFI	C	0.02%
MIDD	C	0.02%
WLK	D	0.02%
CNX	A	0.02%
FTI	D	0.02%
CAR	F	0.02%
GXO	D	0.02%
BECN	D	0.02%
LECO	F	0.02%
SM	D	0.02%
ICLR	D	0.02%
WERN	D	0.02%
CC	F	0.02%
XRAY	D	0.02%
PENN	D	0.02%
FLO	C	0.02%
PRGO	D	0.02%
REZI	D	0.02%
MKSI	F	0.02%
SQ	D	0.02%
DAR	F	0.02%
CHK	D	0.02%
TGNA	C	0.02%
TKR	D	0.02%
CYH	B	0.02%
TTC	D	0.02%
HUBG	C	0.02%
AL	D	0.02%
KBR	D	0.02%
FCNCA	D	0.02%
ACI	F	0.02%
CRI	C	0.02%
TPX	C	0.02%
POR	B	0.02%
ASGN	D	0.02%
JWN	B	0.02%
GGG	C	0.02%
MUR	D	0.02%
UHAL	B	0.02%
RUSHA	C	0.02%
ASO	C	0.02%
NFG	B	0.02%
PAG	D	0.02%
XRX	F	0.02%
BTU	D	0.02%
NVT	D	0.02%
NAVI	C	0.02%
HRB	C	0.02%
QRTEA	F	0.02%
WPC	B	0.02%
ST	D	0.02%
DCI	D	0.02%
GLPI	B	0.02%
MPW	C	0.02%
STWD	A	0.02%
AR	D	0.02%
NOV	D	0.02%
POST	C	0.02%
AXTA	C	0.02%
ABG	F	0.02%
ATR	B	0.02%
BJ	D	0.02%
ABM	D	0.02%
PII	D	0.02%
MDU	B	0.02%
PK	D	0.02%
PRI	B	0.02%
SEIC	B	0.02%
EXP	B	0.02%
G	C	0.02%
NSIT	C	0.02%
BRX	B	0.02%
EHC	B	0.02%
SEE	D	0.02%
ALV	F	0.02%
SNV	C	0.02%
LSTR	D	0.02%
THG	A	0.02%
LAMR	A	0.02%
HOG	C	0.02%
SNX	D	0.02%
HTZ	D	0.01%
ALK	C	0.01%
CNXC	D	0.01%
COHR	B	0.01%
MATX	C	0.01%
DELL	D	0.01%
VSH	D	0.01%
ANDE	D	0.01%
DBX	D	0.01%
MSM	D	0.01%
ARCH	F	0.01%
DK	F	0.01%
JAZZ	D	0.01%
WTRG	D	0.01%
VAC	F	0.01%
CHE	C	0.01%
MMS	D	0.01%
AEO	D	0.01%
ADNT	F	0.01%
TNL	D	0.01%
MTN	D	0.01%
LILAK	D	0.01%
BLD	D	0.01%
LEG	D	0.01%
DAN	F	0.01%
ODP	F	0.01%
SPTN	C	0.01%
BIG	F	0.0%

FNDX Underweight 31 Positions Relative to SPY

Symbol	Grade	Weight
CRWD	F	-0.13%
ABNB	D	-0.11%
FICO	A	-0.1%
MPWR	C	-0.09%
RCL	B	-0.08%
CSGP	D	-0.07%
DXCM	F	-0.06%
SMCI	F	-0.05%
VLTO	C	-0.05%
TYL	C	-0.05%
AXON	B	-0.05%
FDS	C	-0.04%
PTC	D	-0.04%
LYV	B	-0.03%
ROL	C	-0.03%
ENPH	C	-0.03%
UAL	B	-0.03%
PODD	B	-0.03%
WYNN	D	-0.02%
NCLH	C	-0.02%
PAYC	D	-0.02%
FRT	C	-0.02%
DAY	D	-0.02%
INCY	C	-0.02%
MKTX	C	-0.02%
MTCH	C	-0.02%
TECH	C	-0.02%
NWS	D	-0.01%
FOX	B	-0.01%
ETSY	F	-0.01%
BIO	C	-0.01%