FNDX vs. SPYG ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG)

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

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$86.30

Average Daily Volume

2,018,364

Number of Holdings ^*

231

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SPYG
30 Days	3.67%	3.28%
60 Days	4.58%	4.99%
90 Days	6.53%	6.37%
12 Months	29.67%	37.95%

209 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SPYG	Overlap
	AAPL	C	4.35%	11.97%	4.35%
	ABBV	D	0.49%	0.38%	0.38%
	ACGL	D	0.03%	0.13%	0.03%
	ACN	C	0.36%	0.42%	0.36%
	ADBE	C	0.2%	0.81%	0.2%
	ADI	D	0.13%	0.21%	0.13%
	ADP	B	0.15%	0.17%	0.15%
	ADSK	A	0.03%	0.12%	0.03%
	AJG	B	0.05%	0.11%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.24%	0.53%	0.24%
	AMD	F	0.09%	0.78%	0.09%
	AME	A	0.05%	0.07%	0.05%
	AMP	A	0.15%	0.1%	0.1%
	AMT	D	0.11%	0.13%	0.11%
	AMZN	C	1.56%	6.82%	1.56%
	ANET	C	0.04%	0.34%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	A	0.13%	0.14%	0.13%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.03%	0.03%	0.03%
	APH	A	0.09%	0.17%	0.09%
	AVGO	D	0.61%	2.74%	0.61%
	AXP	A	0.36%	0.39%	0.36%
	AZO	C	0.06%	0.13%	0.06%
	BA	F	0.11%	0.15%	0.11%
	BKNG	A	0.24%	0.58%	0.24%
	BLDR	D	0.06%	0.07%	0.06%
	BR	A	0.03%	0.05%	0.03%
	BRO	B	0.02%	0.07%	0.02%
	BSX	B	0.09%	0.24%	0.09%
	BX	A	0.13%	0.32%	0.13%
	CARR	D	0.12%	0.1%	0.1%
	CAT	B	0.41%	0.38%	0.38%
	CBOE	B	0.01%	0.05%	0.01%
	CCL	B	0.06%	0.06%	0.06%
	CDNS	B	0.03%	0.29%	0.03%
	CDW	F	0.04%	0.03%	0.03%
	CE	F	0.03%	0.03%	0.03%
	CEG	D	0.1%	0.11%	0.1%
	CF	B	0.07%	0.03%	0.03%
	CHD	B	0.04%	0.04%	0.04%
	CHTR	C	0.35%	0.06%	0.06%
	CL	D	0.13%	0.1%	0.1%
	CME	A	0.08%	0.1%	0.08%
	CMG	B	0.04%	0.28%	0.04%
	COP	C	0.48%	0.31%	0.31%
	COST	B	0.66%	0.59%	0.59%
	CPAY	A	0.06%	0.09%	0.06%
	CPRT	A	0.03%	0.17%	0.03%
	CRM	B	0.15%	1.11%	0.15%
	CSX	B	0.22%	0.12%	0.12%
	CTAS	B	0.08%	0.14%	0.08%
	CTRA	B	0.03%	0.04%	0.03%
	CZR	F	0.02%	0.02%	0.02%
	DAL	C	0.03%	0.08%	0.03%
	DE	A	0.23%	0.2%	0.2%
	DECK	A	0.03%	0.09%	0.03%
	DELL	C	0.03%	0.07%	0.03%
	DFS	B	0.26%	0.08%	0.08%
	DHI	D	0.16%	0.17%	0.16%
	DLR	B	0.08%	0.08%	0.08%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.05%	0.04%	0.04%
	DVA	B	0.06%	0.01%	0.01%
	EA	A	0.09%	0.06%	0.06%
	ECL	D	0.08%	0.11%	0.08%
	EFX	F	0.03%	0.04%	0.03%
	EOG	A	0.23%	0.18%	0.18%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	A	0.08%	0.14%	0.08%
	ETN	A	0.23%	0.31%	0.23%
	EW	C	0.04%	0.05%	0.04%
	EXPD	D	0.04%	0.02%	0.02%
	EXPE	B	0.04%	0.08%	0.04%
	FANG	D	0.05%	0.11%	0.05%
	FAST	B	0.07%	0.08%	0.07%
	FCX	D	0.14%	0.11%	0.11%
	FI	A	0.13%	0.22%	0.13%
	FTNT	C	0.03%	0.21%	0.03%
	FTV	C	0.03%	0.09%	0.03%
	GDDY	A	0.03%	0.09%	0.03%
	GE	D	0.15%	0.29%	0.15%
	GEV	B	0.04%	0.13%	0.04%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	C	1.14%	2.94%	1.14%
	GOOGL	C	1.33%	3.55%	1.33%
	GRMN	B	0.03%	0.06%	0.03%
	GWW	B	0.08%	0.14%	0.08%
	HCA	F	0.2%	0.11%	0.11%
	HD	A	0.8%	0.51%	0.51%
	HES	B	0.06%	0.14%	0.06%
	HLT	A	0.06%	0.21%	0.06%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.03%	0.03%
	HUBB	B	0.03%	0.04%	0.03%
	HWM	A	0.07%	0.09%	0.07%
	IDXX	F	0.02%	0.07%	0.02%
	INTU	C	0.11%	0.68%	0.11%
	IQV	D	0.07%	0.05%	0.05%
	IR	B	0.03%	0.11%	0.03%
	IRM	D	0.06%	0.06%	0.06%
	ISRG	A	0.09%	0.43%	0.09%
	IT	C	0.03%	0.14%	0.03%
	ITW	B	0.15%	0.12%	0.12%
	JBL	B	0.06%	0.03%	0.03%
	KKR	A	0.12%	0.35%	0.12%
	KLAC	D	0.08%	0.3%	0.08%
	KO	D	0.35%	0.33%	0.33%
	LEN	D	0.16%	0.08%	0.08%
	LIN	D	0.33%	0.39%	0.33%
	LLY	F	0.2%	2.14%	0.2%
	LRCX	F	0.15%	0.34%	0.15%
	LULU	C	0.01%	0.13%	0.01%
	LVS	C	0.04%	0.04%	0.04%
	LW	C	0.02%	0.03%	0.02%
	MA	C	0.29%	1.07%	0.29%
	MAR	B	0.09%	0.23%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.32%	0.32%
	MCHP	D	0.05%	0.07%	0.05%
	MCO	B	0.07%	0.12%	0.07%
	MDLZ	F	0.2%	0.13%	0.13%
	META	D	1.79%	4.35%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MLM	B	0.04%	0.08%	0.04%
	MMC	B	0.14%	0.2%	0.14%
	MNST	C	0.05%	0.08%	0.05%
	MOH	F	0.05%	0.04%	0.04%
	MPC	D	0.4%	0.1%	0.1%
	MRK	F	0.42%	0.34%	0.34%
	MRO	B	0.09%	0.03%	0.03%
	MSCI	C	0.03%	0.09%	0.03%
	MSFT	F	2.43%	10.95%	2.43%
	MSI	B	0.07%	0.17%	0.07%
	MTD	D	0.03%	0.03%	0.03%
	NFLX	A	0.17%	1.24%	0.17%
	NKE	D	0.19%	0.13%	0.13%
	NOW	A	0.01%	0.74%	0.01%
	NTAP	C	0.07%	0.03%	0.03%
	NUE	C	0.19%	0.08%	0.08%
	NVDA	C	0.4%	12.46%	0.4%
	NVR	D	0.08%	0.09%	0.08%
	NXPI	D	0.05%	0.15%	0.05%
	ODFL	B	0.06%	0.14%	0.06%
	OKE	A	0.14%	0.13%	0.13%
	ON	D	0.04%	0.04%	0.04%
	ORCL	B	0.5%	1.03%	0.5%
	ORLY	B	0.11%	0.18%	0.11%
	OTIS	C	0.05%	0.05%	0.05%
	PANW	C	0.03%	0.44%	0.03%
	PAYX	C	0.06%	0.06%	0.06%
	PCAR	B	0.15%	0.15%	0.15%
	PEP	F	0.41%	0.28%	0.28%
	PG	A	0.77%	0.53%	0.53%
	PGR	A	0.23%	0.26%	0.23%
	PH	A	0.13%	0.24%	0.13%
	PHM	D	0.11%	0.09%	0.09%
	PM	B	0.48%	0.25%	0.25%
	PNR	A	0.04%	0.04%	0.04%
	POOL	C	0.02%	0.03%	0.02%
	PSA	D	0.05%	0.08%	0.05%
	PWR	A	0.07%	0.11%	0.07%
	QCOM	F	0.43%	0.33%	0.33%
	REGN	F	0.1%	0.17%	0.1%
	RL	B	0.03%	0.02%	0.02%
	ROK	B	0.06%	0.05%	0.05%
	ROP	B	0.05%	0.09%	0.05%
	ROST	C	0.07%	0.16%	0.07%
	RSG	A	0.06%	0.08%	0.06%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.28%	0.23%	0.23%
	SHW	A	0.08%	0.16%	0.08%
	SNA	A	0.06%	0.03%	0.03%
	SNPS	B	0.03%	0.29%	0.03%
	SPG	B	0.1%	0.07%	0.07%
	SPGI	C	0.15%	0.25%	0.15%
	STE	F	0.03%	0.04%	0.03%
	STLD	B	0.11%	0.04%	0.04%
	STX	D	0.09%	0.03%	0.03%
	SYK	C	0.13%	0.29%	0.13%
	TDG	D	0.06%	0.25%	0.06%
	TJX	A	0.22%	0.3%	0.22%
	TMO	F	0.25%	0.27%	0.25%
	TRGP	B	0.07%	0.14%	0.07%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	0.28%	2.98%	0.28%
	TT	A	0.06%	0.22%	0.06%
	TTWO	A	0.03%	0.05%	0.03%
	TXN	C	0.34%	0.24%	0.24%
	UBER	D	0.04%	0.52%	0.04%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.22%	0.72%	0.72%
	UNP	C	0.35%	0.22%	0.22%
	URI	B	0.13%	0.2%	0.13%
	V	A	0.36%	1.17%	0.36%
	VMC	B	0.05%	0.08%	0.05%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	F	0.01%	0.03%	0.01%
	VRTX	F	0.07%	0.28%	0.07%
	VST	B	0.16%	0.16%	0.16%
	WAT	B	0.04%	0.03%	0.03%
	WM	A	0.15%	0.13%	0.13%
	WMB	A	0.17%	0.09%	0.09%
	WST	C	0.02%	0.08%	0.02%
	YUM	B	0.08%	0.06%	0.06%
	ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 512 Positions Relative to SPYG

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	WMT	A	1.47%
	WFC	A	1.35%
	BAC	A	1.3%
	T	A	1.27%
	CVX	A	1.25%
	VZ	C	1.13%
	C	A	1.1%
	INTC	D	0.89%
	JNJ	D	0.89%
	CMCSA	B	0.83%
	CSCO	B	0.82%
	GM	B	0.79%
	CVS	D	0.68%
	PFE	D	0.68%
	LUMN	C	0.65%
	GS	A	0.62%
	IBM	C	0.54%
	COF	B	0.48%
	CI	F	0.48%
	MS	A	0.46%
	BMY	B	0.45%
	DIS	B	0.45%
	LOW	D	0.43%
	VLO	C	0.39%
	AMGN	D	0.39%
	MU	D	0.38%
	TGT	F	0.38%
	LMT	D	0.37%
	HON	B	0.37%
	MO	A	0.37%
	GILD	C	0.37%
	PSX	C	0.36%
	ELV	F	0.36%
	MMM	D	0.35%
	RTX	C	0.34%
	SYF	B	0.34%
	ABT	B	0.34%
	F	C	0.33%
	FDX	B	0.32%
	USB	A	0.32%
	TRV	B	0.31%
	DUK	C	0.3%
	KR	B	0.3%
	PNC	B	0.3%
	BLK	C	0.28%
	AIG	B	0.28%
	UPS	C	0.28%
	ALL	A	0.27%
	MET	A	0.26%
	SO	D	0.26%
	CB	C	0.26%
	BK	A	0.26%
	TMUS	B	0.25%
	NEE	D	0.24%
	KMI	A	0.23%
	TFC	A	0.23%
	PYPL	B	0.22%
	PRU	A	0.22%
	ADM	D	0.21%
	AFL	B	0.21%
	NSC	B	0.21%
	HPQ	B	0.21%
	GD	F	0.21%
	HPE	B	0.21%
	NOC	D	0.2%
	TSN	B	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	CMI	A	0.19%
	CNC	D	0.19%
	DOW	F	0.18%
	EXC	C	0.17%
	IP	B	0.17%
	WBA	F	0.17%
	EBAY	D	0.17%
	EMR	A	0.17%
	D	C	0.17%
	DD	D	0.17%
	AEP	D	0.16%
	BKR	B	0.16%
	BBY	D	0.16%
	LHX	C	0.16%
	JCI	C	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	LYB	F	0.14%
	GLW	B	0.14%
	HIG	B	0.14%
	APD	A	0.13%
	SCHW	B	0.13%
	FITB	A	0.13%
	TROW	B	0.13%
	SRE	A	0.13%
	NEM	D	0.13%
	CBRE	B	0.13%
	FIS	C	0.12%
	ED	D	0.12%
	ETR	B	0.12%
	SLB	C	0.12%
	WDC	D	0.12%
	XEL	A	0.12%
	MTB	A	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	PEG	A	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	PPL	B	0.11%
	ICE	C	0.11%
	GIS	D	0.11%
	EIX	B	0.1%
	SYY	B	0.1%
	ALLY	C	0.1%
	FOXA	B	0.1%
	KMB	D	0.1%
	VTRS	A	0.1%
	STT	A	0.1%
	KEY	B	0.1%
	WELL	A	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	BIIB	F	0.09%
	CTVA	C	0.09%
	PFG	D	0.09%
	WY	D	0.09%
	CCI	D	0.09%
	LH	C	0.09%
	GEHC	F	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	HBAN	A	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	VTR	C	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	OMC	C	0.08%
	UHS	D	0.08%
	DG	F	0.08%
	PPG	F	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	K	A	0.07%
	BAX	D	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	WTW	B	0.07%
	AEE	A	0.07%
	DGX	A	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	CAH	B	0.07%
	R	B	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	X	C	0.07%
	LAD	A	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	OVV	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	CAG	D	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	BALL	D	0.06%
	UNM	A	0.06%
	CMS	C	0.06%
	AA	B	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	LNG	B	0.06%
	FLEX	A	0.06%
	PFGC	B	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	KSS	F	0.06%
	MOS	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%
	ZBH	C	0.05%
	ORI	A	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	DLTR	F	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	L	A	0.05%
	JNPR	F	0.05%
	AES	F	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	GPC	D	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	D	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	EQR	B	0.05%
	GPI	A	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	J	F	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	D	0.05%
	SJM	D	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	A	D	0.05%
	TAP	C	0.05%
	O	D	0.04%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	SSNC	B	0.04%
	TER	D	0.04%
	OSK	B	0.04%
	AVY	D	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CNO	A	0.04%
	CLX	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	ZBRA	B	0.04%
	DKS	C	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	SWKS	F	0.04%
	HOLX	D	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	AWK	D	0.04%
	LNT	A	0.04%
	GEN	B	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	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%
	WSM	B	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	MRVL	B	0.04%
	UGI	A	0.04%
	EXP	A	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	IEX	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	CPB	D	0.03%
	AIZ	A	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	HII	D	0.03%
	HRL	D	0.03%
	XYL	D	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	WU	D	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	MAA	B	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	OLN	D	0.03%
	BAH	F	0.03%
	WSO	A	0.03%
	RMD	C	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	MKC	D	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	WLK	D	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	EG	C	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	B	0.02%
	CHKP	D	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	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%
	WPC	D	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	C	0.02%
	SM	B	0.02%
	NDSN	B	0.02%
	CCEP	C	0.02%
	LECO	B	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	D	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%
	CTLT	B	0.02%
	PENN	C	0.02%
	JKHY	D	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	APTV	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	D	0.02%
	LAMR	D	0.02%
	REG	B	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	UDR	B	0.02%
	VICI	C	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%
	COR	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	SON	D	0.02%
	AXTA	A	0.02%
	LUV	C	0.02%
	SOLV	C	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	CRL	C	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%
	FSLR	F	0.01%
	TNL	A	0.01%
	PRGO	B	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	C	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	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 22 Positions Relative to SPYG

	Symbol	Grade	Weight
	PLTR	B	-0.41%
	CRWD	B	-0.27%
	FICO	B	-0.2%
	RCL	A	-0.19%
	AXON	A	-0.15%
	MPWR	F	-0.1%
	ABNB	C	-0.1%
	TYL	B	-0.09%
	LYV	A	-0.07%
	DXCM	D	-0.06%
	CSGP	D	-0.05%
	PTC	A	-0.05%
	NCLH	B	-0.04%
	WYNN	D	-0.03%
	FDS	B	-0.03%
	SMCI	F	-0.03%
	PAYC	B	-0.02%
	ERIE	D	-0.02%
	ROL	B	-0.02%
	DAY	B	-0.02%
	PODD	C	-0.02%
	ENPH	F	-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

SPYG: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Diversified Industrials Oil & Gas E&P Diagnostics & Research Restaurants Insurance Brokers Internet Content & Information Leisure Medical Devices Software - Infrastructure Specialty Industrial Machinery Specialty Retail Building Materials Capital Markets Credit Services Information Technology Services Residential Construction Resorts & Casinos

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Electronics Cloud Computing IBD 50 Integrated Circuits Mobile Devices Semiconductor Chemical Insurance Software Work From Home Medicine Smartphones Transport Clothing Mining