FNDX vs. SSO ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to ProShares Ultra S&P500 (SSO)

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

$24.52

Average Daily Volume

1,133,782

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.43

Average Daily Volume

2,183,839

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SSO
30 Days	1.66%	4.04%
60 Days	5.55%	10.76%
90 Days	6.91%	13.10%
12 Months	29.20%	64.73%

467 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SSO	Overlap
	A	F	0.06%	0.05%	0.05%
	AAPL	C	4.32%	4.38%	4.32%
	ABBV	F	0.58%	0.45%	0.45%
	ABT	C	0.34%	0.26%	0.26%
	ACGL	C	0.03%	0.05%	0.03%
	ACN	B	0.35%	0.28%	0.28%
	ADBE	C	0.18%	0.28%	0.18%
	ADI	D	0.14%	0.14%	0.14%
	ADM	F	0.2%	0.03%	0.03%
	ADP	A	0.15%	0.16%	0.15%
	ADSK	B	0.03%	0.08%	0.03%
	AEE	B	0.07%	0.03%	0.03%
	AEP	D	0.16%	0.07%	0.07%
	AES	F	0.05%	0.01%	0.01%
	AFL	C	0.2%	0.07%	0.07%
	AIG	B	0.28%	0.06%	0.06%
	AIZ	A	0.03%	0.01%	0.01%
	AJG	A	0.05%	0.08%	0.05%
	AKAM	F	0.04%	0.02%	0.02%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	B	0.26%	0.07%	0.07%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.25%	0.2%	0.2%
	AMCR	D	0.03%	0.02%	0.02%
	AMD	F	0.1%	0.3%	0.1%
	AME	A	0.05%	0.06%	0.05%
	AMGN	F	0.42%	0.22%	0.22%
	AMP	A	0.14%	0.07%	0.07%
	AMT	F	0.11%	0.12%	0.11%
	AMZN	A	1.54%	2.47%	1.54%
	ANET	C	0.04%	0.13%	0.04%
	ANSS	B	0.02%	0.04%	0.02%
	AON	B	0.13%	0.11%	0.11%
	AOS	F	0.02%	0.01%	0.01%
	APA	F	0.03%	0.01%	0.01%
	APD	B	0.12%	0.09%	0.09%
	APH	B	0.09%	0.11%	0.09%
	APTV	F	0.02%	0.02%	0.02%
	ARE	F	0.03%	0.02%	0.02%
	ATO	B	0.04%	0.03%	0.03%
	AVB	B	0.05%	0.04%	0.04%
	AVGO	C	0.66%	1.09%	0.66%
	AVY	F	0.04%	0.02%	0.02%
	AWK	D	0.04%	0.03%	0.03%
	AXP	B	0.36%	0.21%	0.21%
	AZO	B	0.06%	0.07%	0.06%
	BA	F	0.12%	0.14%	0.12%
	BAC	A	1.26%	0.39%	0.39%
	BALL	D	0.06%	0.02%	0.02%
	BAX	F	0.07%	0.02%	0.02%
	BBY	C	0.16%	0.02%	0.02%
	BDX	F	0.11%	0.09%	0.09%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.03%	0.03%
	BK	B	0.26%	0.07%	0.07%
	BKNG	A	0.24%	0.21%	0.21%
	BKR	B	0.16%	0.05%	0.05%
	BLDR	C	0.06%	0.03%	0.03%
	BMY	B	0.42%	0.14%	0.14%
	BR	A	0.03%	0.03%	0.03%
	BRK.A	B	2.13%	1.08%	1.08%
	BRO	B	0.02%	0.03%	0.02%
	BSX	A	0.09%	0.16%	0.09%
	BWA	B	0.05%	0.01%	0.01%
	BX	A	0.12%	0.16%	0.12%
	BXP	D	0.05%	0.02%	0.02%
	C	B	1.1%	0.17%	0.17%
	CAG	F	0.06%	0.02%	0.02%
	CAH	B	0.07%	0.04%	0.04%
	CARR	C	0.12%	0.08%	0.08%
	CAT	B	0.43%	0.24%	0.24%
	CB	C	0.25%	0.13%	0.13%
	CBOE	D	0.01%	0.03%	0.01%
	CBRE	B	0.13%	0.05%	0.05%
	CCI	F	0.09%	0.06%	0.06%
	CCL	B	0.06%	0.03%	0.03%
	CDNS	B	0.03%	0.1%	0.03%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.04%	0.01%	0.01%
	CEG	D	0.11%	0.09%	0.09%
	CF	B	0.07%	0.02%	0.02%
	CFG	B	0.1%	0.03%	0.03%
	CHD	A	0.04%	0.03%	0.03%
	CHRW	A	0.07%	0.02%	0.02%
	CHTR	B	0.35%	0.05%	0.05%
	CI	D	0.47%	0.11%	0.11%
	CINF	A	0.07%	0.03%	0.03%
	CL	F	0.12%	0.1%	0.1%
	CLX	A	0.04%	0.03%	0.03%
	CMCSA	B	0.84%	0.22%	0.22%
	CME	B	0.08%	0.1%	0.08%
	CMG	B	0.04%	0.1%	0.04%
	CMI	A	0.18%	0.06%	0.06%
	CMS	D	0.06%	0.03%	0.03%
	CNC	F	0.2%	0.04%	0.04%
	CNP	B	0.06%	0.03%	0.03%
	COF	B	0.48%	0.09%	0.09%
	COP	C	0.48%	0.16%	0.16%
	COR	B	0.03%	0.05%	0.03%
	COST	B	0.65%	0.53%	0.53%
	CPAY	A	0.05%	0.03%	0.03%
	CPB	F	0.03%	0.01%	0.01%
	CPRT	A	0.03%	0.06%	0.03%
	CPT	C	0.02%	0.02%	0.02%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.14%	0.4%	0.14%
	CSCO	A	0.82%	0.3%	0.3%
	CSX	B	0.21%	0.09%	0.09%
	CTAS	B	0.08%	0.1%	0.08%
	CTLT	D	0.02%	0.01%	0.01%
	CTRA	B	0.03%	0.02%	0.02%
	CTSH	A	0.19%	0.05%	0.05%
	CTVA	C	0.09%	0.05%	0.05%
	CVS	F	0.7%	0.09%	0.09%
	CVX	A	1.21%	0.34%	0.34%
	CZR	F	0.02%	0.01%	0.01%
	D	D	0.17%	0.06%	0.06%
	DAL	A	0.03%	0.05%	0.03%
	DD	D	0.18%	0.04%	0.04%
	DE	D	0.24%	0.13%	0.13%
	DECK	B	0.03%	0.03%	0.03%
	DELL	C	0.03%	0.05%	0.03%
	DFS	B	0.26%	0.06%	0.06%
	DG	F	0.08%	0.02%	0.02%
	DGX	B	0.07%	0.02%	0.02%
	DHI	D	0.16%	0.06%	0.06%
	DHR	F	0.15%	0.2%	0.15%
	DIS	B	0.41%	0.23%	0.23%
	DLR	C	0.08%	0.07%	0.07%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	C	0.04%	0.02%	0.02%
	DOV	A	0.06%	0.04%	0.04%
	DOW	F	0.2%	0.04%	0.04%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.05%	0.03%	0.03%
	DTE	D	0.07%	0.03%	0.03%
	DUK	D	0.3%	0.11%	0.11%
	DVA	C	0.05%	0.01%	0.01%
	DVN	F	0.09%	0.03%	0.03%
	EA	A	0.09%	0.05%	0.05%
	EBAY	C	0.17%	0.04%	0.04%
	ECL	C	0.08%	0.08%	0.08%
	ED	D	0.12%	0.04%	0.04%
	EFX	F	0.03%	0.04%	0.03%
	EG	D	0.02%	0.02%	0.02%
	EIX	C	0.09%	0.04%	0.04%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.38%	0.12%	0.12%
	EMN	D	0.08%	0.02%	0.02%
	EMR	A	0.17%	0.09%	0.09%
	EOG	A	0.22%	0.1%	0.1%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	B	0.08%	0.11%	0.08%
	EQR	C	0.05%	0.03%	0.03%
	EQT	B	0.04%	0.03%	0.03%
	ES	D	0.08%	0.03%	0.03%
	ESS	C	0.03%	0.02%	0.02%
	ETN	B	0.23%	0.19%	0.19%
	ETR	B	0.12%	0.04%	0.04%
	EVRG	A	0.07%	0.02%	0.02%
	EW	F	0.04%	0.05%	0.04%
	EXC	C	0.17%	0.05%	0.05%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	B	0.03%	0.03%	0.03%
	EXR	D	0.03%	0.05%	0.03%
	F	C	0.33%	0.05%	0.05%
	FANG	C	0.05%	0.04%	0.04%
	FAST	B	0.08%	0.06%	0.06%
	FCX	F	0.15%	0.08%	0.08%
	FDX	B	0.3%	0.08%	0.08%
	FE	D	0.09%	0.03%	0.03%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.13%	0.15%	0.13%
	FIS	B	0.11%	0.06%	0.06%
	FITB	A	0.12%	0.04%	0.04%
	FMC	F	0.03%	0.01%	0.01%
	FOXA	A	0.09%	0.01%	0.01%
	FSLR	F	0.01%	0.03%	0.01%
	FTNT	B	0.03%	0.07%	0.03%
	FTV	C	0.03%	0.03%	0.03%
	GD	C	0.22%	0.1%	0.1%
	GDDY	B	0.03%	0.03%	0.03%
	GE	D	0.15%	0.25%	0.15%
	GEHC	D	0.1%	0.05%	0.05%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.05%	0.12%	0.05%
	GILD	B	0.39%	0.15%	0.15%
	GIS	F	0.11%	0.05%	0.05%
	GL	B	0.03%	0.01%	0.01%
	GLW	B	0.14%	0.05%	0.05%
	GM	B	0.76%	0.08%	0.08%
	GNRC	B	0.02%	0.01%	0.01%
	GOOG	C	1.17%	1.1%	1.1%
	GOOGL	C	1.36%	1.33%	1.33%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.08%	0.04%	0.04%
	GRMN	A	0.03%	0.04%	0.03%
	GS	B	0.61%	0.24%	0.24%
	GWW	B	0.08%	0.07%	0.07%
	HAL	C	0.06%	0.03%	0.03%
	HAS	D	0.03%	0.01%	0.01%
	HBAN	A	0.07%	0.03%	0.03%
	HCA	D	0.21%	0.08%	0.08%
	HD	B	0.78%	0.51%	0.51%
	HES	B	0.05%	0.05%	0.05%
	HIG	C	0.14%	0.04%	0.04%
	HII	F	0.03%	0.01%	0.01%
	HLT	A	0.06%	0.08%	0.06%
	HOLX	D	0.04%	0.02%	0.02%
	HON	B	0.35%	0.18%	0.18%
	HPE	B	0.21%	0.04%	0.04%
	HPQ	B	0.21%	0.05%	0.05%
	HRL	F	0.03%	0.01%	0.01%
	HSIC	F	0.04%	0.01%	0.01%
	HST	D	0.04%	0.02%	0.02%
	HSY	F	0.04%	0.03%	0.03%
	HUBB	C	0.04%	0.03%	0.03%
	HUM	D	0.19%	0.04%	0.04%
	HWM	B	0.07%	0.06%	0.06%
	IBM	D	0.55%	0.25%	0.25%
	ICE	C	0.11%	0.11%	0.11%
	IDXX	F	0.02%	0.05%	0.02%
	IEX	B	0.03%	0.02%	0.02%
	IFF	F	0.05%	0.03%	0.03%
	INTC	C	0.93%	0.14%	0.14%
	INTU	A	0.11%	0.24%	0.11%
	INVH	D	0.03%	0.02%	0.02%
	IP	B	0.17%	0.03%	0.03%
	IPG	F	0.04%	0.01%	0.01%
	IQV	F	0.07%	0.05%	0.05%
	IR	A	0.03%	0.05%	0.03%
	IRM	D	0.06%	0.04%	0.04%
	ISRG	A	0.08%	0.24%	0.08%
	IT	B	0.03%	0.05%	0.03%
	ITW	B	0.15%	0.09%	0.09%
	IVZ	B	0.05%	0.01%	0.01%
	J	D	0.05%	0.02%	0.02%
	JBHT	C	0.05%	0.02%	0.02%
	JBL	C	0.07%	0.02%	0.02%
	JCI	A	0.16%	0.07%	0.07%
	JKHY	C	0.02%	0.02%	0.02%
	JNJ	D	0.92%	0.48%	0.48%
	JNPR	D	0.05%	0.02%	0.02%
	JPM	A	1.98%	0.86%	0.86%
	K	A	0.06%	0.03%	0.03%
	KDP	C	0.07%	0.04%	0.04%
	KEY	B	0.1%	0.02%	0.02%
	KEYS	C	0.04%	0.04%	0.04%
	KHC	F	0.1%	0.04%	0.04%
	KIM	A	0.03%	0.02%	0.02%
	KKR	B	0.12%	0.13%	0.12%
	KLAC	F	0.08%	0.12%	0.08%
	KMB	D	0.1%	0.06%	0.06%
	KMI	B	0.22%	0.07%	0.07%
	KMX	B	0.06%	0.01%	0.01%
	KO	F	0.36%	0.31%	0.31%
	KR	A	0.3%	0.05%	0.05%
	KVUE	A	0.05%	0.06%	0.05%
	L	A	0.05%	0.02%	0.02%
	LDOS	C	0.09%	0.03%	0.03%
	LEN	D	0.16%	0.05%	0.05%
	LH	B	0.09%	0.03%	0.03%
	LHX	B	0.16%	0.06%	0.06%
	LIN	D	0.34%	0.28%	0.28%
	LKQ	C	0.05%	0.01%	0.01%
	LLY	F	0.2%	0.83%	0.2%
	LMT	D	0.37%	0.15%	0.15%
	LNT	C	0.04%	0.02%	0.02%
	LOW	B	0.42%	0.2%	0.2%
	LRCX	F	0.16%	0.13%	0.13%
	LULU	B	0.01%	0.05%	0.01%
	LUV	B	0.02%	0.02%	0.02%
	LVS	C	0.04%	0.02%	0.02%
	LW	B	0.02%	0.01%	0.01%
	LYB	F	0.14%	0.03%	0.03%
	MA	B	0.28%	0.55%	0.28%
	MAA	C	0.03%	0.02%	0.02%
	MAR	A	0.09%	0.08%	0.08%
	MAS	D	0.05%	0.02%	0.02%
	MCD	C	0.33%	0.27%	0.27%
	MCHP	F	0.05%	0.05%	0.05%
	MCK	B	0.11%	0.1%	0.1%
	MCO	C	0.07%	0.09%	0.07%
	MDLZ	F	0.2%	0.11%	0.11%
	MDT	D	0.17%	0.14%	0.14%
	MET	C	0.25%	0.06%	0.06%
	META	B	1.82%	1.63%	1.63%
	MGM	D	0.06%	0.01%	0.01%
	MHK	D	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.02%	0.02%
	MLM	B	0.05%	0.05%	0.05%
	MMC	D	0.14%	0.14%	0.14%
	MMM	C	0.35%	0.09%	0.09%
	MNST	B	0.05%	0.05%	0.05%
	MO	A	0.36%	0.12%	0.12%
	MOH	F	0.05%	0.02%	0.02%
	MOS	D	0.07%	0.01%	0.01%
	MPC	D	0.39%	0.07%	0.07%
	MRK	F	0.44%	0.33%	0.33%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.08%	0.02%	0.02%
	MS	A	0.45%	0.2%	0.2%
	MSCI	B	0.03%	0.06%	0.03%
	MSFT	C	2.41%	3.99%	2.41%
	MSI	B	0.06%	0.11%	0.06%
	MTB	A	0.1%	0.04%	0.04%
	MTD	F	0.03%	0.04%	0.03%
	MU	D	0.43%	0.16%	0.16%
	NDAQ	B	0.03%	0.04%	0.03%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	D	0.24%	0.2%	0.2%
	NEM	F	0.14%	0.07%	0.07%
	NFLX	A	0.16%	0.43%	0.16%
	NI	A	0.04%	0.02%	0.02%
	NKE	F	0.19%	0.12%	0.12%
	NOC	D	0.2%	0.09%	0.09%
	NOW	A	0.01%	0.26%	0.01%
	NRG	C	0.11%	0.03%	0.03%
	NSC	B	0.21%	0.08%	0.08%
	NTAP	D	0.07%	0.03%	0.03%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	D	0.21%	0.05%	0.05%
	NVDA	A	0.41%	4.61%	0.41%
	NVR	D	0.08%	0.04%	0.04%
	NWSA	B	0.04%	0.01%	0.01%
	NXPI	F	0.05%	0.08%	0.05%
	O	D	0.04%	0.06%	0.04%
	ODFL	B	0.06%	0.05%	0.05%
	OKE	A	0.13%	0.08%	0.08%
	OMC	A	0.08%	0.03%	0.03%
	ON	F	0.04%	0.04%	0.04%
	ORCL	A	0.5%	0.38%	0.38%
	ORLY	A	0.1%	0.09%	0.09%
	OTIS	D	0.05%	0.05%	0.05%
	OXY	F	0.11%	0.04%	0.04%
	PANW	B	0.03%	0.16%	0.03%
	PARA	B	0.11%	0.01%	0.01%
	PAYX	B	0.06%	0.06%	0.06%
	PCAR	B	0.15%	0.08%	0.08%
	PCG	A	0.03%	0.06%	0.03%
	PEG	C	0.1%	0.05%	0.05%
	PEP	D	0.41%	0.29%	0.29%
	PFE	F	0.71%	0.19%	0.19%
	PFG	C	0.09%	0.02%	0.02%
	PG	C	0.75%	0.5%	0.5%
	PGR	A	0.23%	0.19%	0.19%
	PH	A	0.12%	0.11%	0.11%
	PHM	D	0.11%	0.04%	0.04%
	PKG	B	0.07%	0.03%	0.03%
	PLD	D	0.07%	0.14%	0.07%
	PM	B	0.46%	0.25%	0.25%
	PNC	B	0.3%	0.1%	0.1%
	PNR	A	0.04%	0.02%	0.02%
	PNW	A	0.04%	0.01%	0.01%
	POOL	D	0.02%	0.02%	0.02%
	PPG	F	0.08%	0.04%	0.04%
	PPL	A	0.11%	0.03%	0.03%
	PRU	B	0.22%	0.06%	0.06%
	PSA	D	0.05%	0.07%	0.05%
	PSX	C	0.35%	0.07%	0.07%
	PWR	B	0.07%	0.06%	0.06%
	PYPL	A	0.21%	0.11%	0.11%
	QCOM	F	0.45%	0.24%	0.24%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.11%	0.1%
	RF	A	0.08%	0.03%	0.03%
	RJF	A	0.05%	0.04%	0.04%
	RL	B	0.03%	0.01%	0.01%
	RMD	C	0.04%	0.05%	0.04%
	ROK	B	0.06%	0.04%	0.04%
	ROP	A	0.05%	0.08%	0.05%
	ROST	D	0.07%	0.06%	0.06%
	RSG	B	0.06%	0.05%	0.05%
	RTX	D	0.34%	0.21%	0.21%
	RVTY	C	0.03%	0.02%	0.02%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	B	0.27%	0.14%	0.14%
	SCHW	B	0.11%	0.14%	0.11%
	SHW	A	0.08%	0.11%	0.08%
	SJM	F	0.06%	0.02%	0.02%
	SLB	C	0.12%	0.08%	0.08%
	SNA	A	0.05%	0.02%	0.02%
	SNPS	C	0.03%	0.11%	0.03%
	SO	D	0.26%	0.12%	0.12%
	SOLV	C	0.03%	0.01%	0.01%
	SPG	A	0.1%	0.07%	0.07%
	SPGI	C	0.14%	0.2%	0.14%
	SRE	B	0.13%	0.07%	0.07%
	STE	D	0.03%	0.03%	0.03%
	STLD	C	0.12%	0.03%	0.03%
	STT	B	0.1%	0.04%	0.04%
	STX	D	0.09%	0.03%	0.03%
	STZ	D	0.07%	0.05%	0.05%
	SW	B	0.09%	0.03%	0.03%
	SWK	F	0.07%	0.02%	0.02%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.33%	0.03%	0.03%
	SYK	A	0.12%	0.16%	0.12%
	SYY	D	0.1%	0.05%	0.05%
	T	A	1.25%	0.2%	0.2%
	TAP	B	0.05%	0.01%	0.01%
	TDG	D	0.07%	0.1%	0.07%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.02%	0.02%
	TFC	B	0.23%	0.08%	0.08%
	TFX	F	0.02%	0.01%	0.01%
	TGT	C	0.37%	0.09%	0.09%
	TJX	A	0.22%	0.17%	0.17%
	TMO	F	0.26%	0.27%	0.26%
	TMUS	A	0.25%	0.15%	0.15%
	TPR	A	0.05%	0.02%	0.02%
	TRGP	B	0.07%	0.05%	0.05%
	TRMB	B	0.03%	0.02%	0.02%
	TROW	A	0.13%	0.03%	0.03%
	TRV	B	0.3%	0.07%	0.07%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	0.26%	1.13%	0.26%
	TSN	B	0.18%	0.02%	0.02%
	TT	B	0.06%	0.12%	0.06%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	B	0.36%	0.26%	0.26%
	TXT	D	0.06%	0.02%	0.02%
	UBER	F	0.04%	0.19%	0.04%
	UDR	C	0.02%	0.02%	0.02%
	UHS	D	0.08%	0.02%	0.02%
	ULTA	C	0.03%	0.02%	0.02%
	UNH	B	1.24%	0.72%	0.72%
	UNP	D	0.36%	0.19%	0.19%
	UPS	C	0.29%	0.12%	0.12%
	URI	B	0.13%	0.07%	0.07%
	USB	B	0.31%	0.1%	0.1%
	V	A	0.36%	0.65%	0.36%
	VICI	D	0.02%	0.04%	0.02%
	VLO	C	0.37%	0.06%	0.06%
	VMC	B	0.05%	0.05%	0.05%
	VRSK	A	0.04%	0.05%	0.04%
	VRSN	C	0.01%	0.02%	0.01%
	VRTX	B	0.08%	0.17%	0.08%
	VST	B	0.15%	0.06%	0.06%
	VTR	C	0.08%	0.03%	0.03%
	VTRS	B	0.1%	0.02%	0.02%
	VZ	D	1.12%	0.22%	0.22%
	WAB	B	0.06%	0.04%	0.04%
	WAT	B	0.04%	0.03%	0.03%
	WBA	D	0.18%	0.01%	0.01%
	WBD	B	0.08%	0.03%	0.03%
	WDC	D	0.13%	0.03%	0.03%
	WEC	B	0.08%	0.04%	0.04%
	WELL	B	0.1%	0.1%	0.1%
	WFC	A	1.29%	0.3%	0.3%
	WM	A	0.15%	0.1%	0.1%
	WMB	B	0.17%	0.09%	0.09%
	WMT	A	1.45%	0.47%	0.47%
	WRB	B	0.03%	0.02%	0.02%
	WST	B	0.02%	0.03%	0.02%
	WTW	A	0.07%	0.04%	0.04%
	WY	F	0.09%	0.03%	0.03%
	XEL	A	0.12%	0.05%	0.05%
	XOM	B	1.99%	0.68%	0.68%
	XYL	F	0.03%	0.04%	0.03%
	YUM	B	0.08%	0.05%	0.05%
	ZBH	C	0.05%	0.03%	0.03%
	ZBRA	B	0.04%	0.03%	0.03%
	ZTS	D	0.07%	0.1%	0.07%

FNDX Overweight 253 Positions Relative to SSO

	Symbol	Grade	Weight
	LUMN	C	0.68%
	ALLY	C	0.1%
	RS	C	0.09%
	USFD	B	0.08%
	AVT	C	0.08%
	ARW	F	0.08%
	WKC	C	0.08%
	X	D	0.08%
	JLL	C	0.08%
	FLEX	B	0.07%
	CMA	A	0.07%
	R	B	0.07%
	VFC	C	0.07%
	LAD	B	0.07%
	THC	B	0.07%
	WHR	B	0.07%
	TOL	B	0.06%
	UNM	A	0.06%
	ZION	B	0.06%
	BFH	B	0.06%
	LNG	B	0.06%
	M	C	0.06%
	OMF	A	0.06%
	FNF	C	0.06%
	PFGC	B	0.06%
	EME	B	0.06%
	OC	A	0.06%
	KSS	D	0.06%
	AA	C	0.06%
	MAN	F	0.05%
	MKL	A	0.05%
	UGI	D	0.05%
	MRVL	B	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	ACM	B	0.05%
	INGR	B	0.05%
	CSL	B	0.05%
	JXN	C	0.05%
	KD	A	0.05%
	VNO	C	0.05%
	AN	C	0.05%
	GPI	B	0.05%
	ALSN	B	0.05%
	DINO	D	0.05%
	LEA	F	0.05%
	OVV	C	0.05%
	EQH	B	0.05%
	DXC	B	0.05%
	SFM	B	0.05%
	CASY	B	0.05%
	TDS	C	0.05%
	LNC	B	0.05%
	JEF	B	0.05%
	CACI	C	0.04%
	GAP	B	0.04%
	MLI	B	0.04%
	AMG	B	0.04%
	HUN	F	0.04%
	BCC	B	0.04%
	SSNC	C	0.04%
	HBI	B	0.04%
	CLF	F	0.04%
	SANM	C	0.04%
	OSK	B	0.04%
	ZIM	B	0.04%
	RPM	A	0.04%
	NXST	C	0.04%
	CNO	B	0.04%
	UFPI	B	0.04%
	FBIN	F	0.04%
	FYBR	D	0.04%
	BAH	C	0.04%
	SLM	A	0.04%
	RGA	A	0.04%
	TMHC	B	0.04%
	FAF	C	0.04%
	DKS	D	0.04%
	CCK	D	0.04%
	MUSA	B	0.04%
	CRBG	C	0.04%
	RHI	B	0.04%
	LPLA	A	0.04%
	DOX	C	0.04%
	GT	C	0.04%
	AYI	A	0.04%
	BERY	D	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	AFG	A	0.04%
	WSM	F	0.04%
	KNX	C	0.04%
	EVR	B	0.04%
	SEE	C	0.03%
	SON	F	0.03%
	AAP	C	0.03%
	G	B	0.03%
	LSTR	B	0.03%
	EXP	B	0.03%
	TGNA	B	0.03%
	BURL	C	0.03%
	ACI	C	0.03%
	SCI	B	0.03%
	CAR	C	0.03%
	ITT	A	0.03%
	GNTX	C	0.03%
	TPH	C	0.03%
	APO	B	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	LII	B	0.03%
	ABG	B	0.03%
	SEIC	A	0.03%
	CW	C	0.03%
	SNV	B	0.03%
	TRU	D	0.03%
	SAIC	D	0.03%
	BC	D	0.03%
	BTU	C	0.03%
	VOYA	B	0.03%
	ILMN	C	0.03%
	ARMK	B	0.03%
	SNX	C	0.03%
	JHG	A	0.03%
	OGE	B	0.03%
	GPK	D	0.03%
	EWBC	B	0.03%
	GNW	B	0.03%
	AGCO	F	0.03%
	RRX	B	0.03%
	FHN	A	0.03%
	FL	F	0.03%
	FLR	C	0.03%
	MTH	D	0.03%
	CIEN	B	0.03%
	WU	F	0.03%
	PBF	F	0.03%
	WSO	B	0.03%
	CG	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	LPX	A	0.03%
	NWL	B	0.03%
	MTZ	B	0.03%
	ALK	A	0.02%
	ADNT	D	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	C	0.02%
	LEG	F	0.02%
	COHR	C	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	MIDD	D	0.02%
	AER	B	0.02%
	POR	D	0.02%
	MKSI	C	0.02%
	OI	C	0.02%
	NFG	D	0.02%
	WPC	F	0.02%
	VAC	B	0.02%
	WERN	B	0.02%
	GLPI	D	0.02%
	POST	D	0.02%
	SM	C	0.02%
	AL	B	0.02%
	TTC	F	0.02%
	CCEP	C	0.02%
	XRX	F	0.02%
	NAVI	D	0.02%
	UHAL	D	0.02%
	HUBG	A	0.02%
	TPX	B	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	D	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	ST	F	0.02%
	PENN	B	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	LECO	C	0.02%
	KBR	D	0.02%
	ASGN	D	0.02%
	PII	F	0.02%
	GXO	B	0.02%
	DCI	A	0.02%
	HOG	D	0.02%
	NOV	C	0.02%
	FCNCA	B	0.02%
	SLG	C	0.02%
	BECN	B	0.02%
	SUI	F	0.02%
	BRX	A	0.02%
	PK	C	0.02%
	SKX	F	0.02%
	NVT	C	0.02%
	MTG	C	0.02%
	DAR	B	0.02%
	CC	C	0.02%
	BAP	A	0.02%
	AVTR	F	0.02%
	ATR	A	0.02%
	AXTA	A	0.02%
	ABM	B	0.02%
	SQ	B	0.02%
	LAMR	D	0.02%
	THG	A	0.02%
	AR	B	0.02%
	CNH	D	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	PRI	B	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	B	0.01%
	CNXC	F	0.01%
	WTRG	C	0.01%
	ICLR	F	0.01%
	CHE	D	0.01%
	MSM	C	0.01%
	LILAK	F	0.01%
	JAZZ	B	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	F	0.01%
	BLD	F	0.01%
	CYH	F	0.01%
	HTZ	C	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%
	HRB	D	0.01%
	UNFI	B	0.01%
	CRI	D	0.01%
	CNX	B	0.01%
	DAN	D	0.01%
	MDU	D	0.01%
	MTN	C	0.01%

FNDX Underweight 31 Positions Relative to SSO

	Symbol	Grade	Weight
	PLTR	B	-0.15%
	CRWD	B	-0.1%
	ABNB	C	-0.08%
	RCL	A	-0.07%
	FICO	B	-0.07%
	MPWR	F	-0.05%
	AXON	B	-0.05%
	DXCM	C	-0.04%
	UAL	A	-0.04%
	CSGP	F	-0.04%
	PTC	B	-0.03%
	VLTO	D	-0.03%
	TYL	B	-0.03%
	TECH	D	-0.02%
	NCLH	B	-0.02%
	SMCI	F	-0.02%
	DAY	B	-0.02%
	INCY	B	-0.02%
	ROL	C	-0.02%
	FDS	A	-0.02%
	PODD	B	-0.02%
	LYV	A	-0.02%
	FOX	A	-0.01%
	MTCH	F	-0.01%
	WYNN	C	-0.01%
	FRT	B	-0.01%
	ENPH	F	-0.01%
	MKTX	C	-0.01%
	ERIE	F	-0.01%
	PAYC	B	-0.01%
	NWS	B	-0.0%

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

SSO: 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 Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank