FNDX vs. TSPA ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to T. Rowe Price U.S. Equity Research ETF (TSPA)

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

$25.04

Average Daily Volume

1,215,309

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

TSPA

T. Rowe Price U.S. Equity Research ETF

TSPA Description

Blue Safari Group Acquisition Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on pursuing opportunities in fintech, infotech, insurtech, and business services. The company was incorporated in 2021 and is based in Central, Hong Kong.

Grade (RS Rating)

Last Trade

$37.59

Average Daily Volume

119,047

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	TSPA
30 Days	5.03%	3.18%
60 Days	5.34%	4.45%
90 Days	7.56%	6.37%
12 Months	30.46%	34.01%

298 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in TSPA	Overlap
AAPL	B	4.35%	7.37%	4.35%
ABBV	D	0.49%	0.62%	0.49%
ABT	B	0.34%	0.19%	0.19%
ACN	B	0.36%	0.65%	0.36%
ADBE	C	0.2%	0.49%	0.2%
ADI	D	0.13%	0.3%	0.13%
ADSK	B	0.03%	0.19%	0.03%
AEE	A	0.07%	0.19%	0.07%
AIG	B	0.28%	0.26%	0.26%
ALL	B	0.27%	0.3%	0.27%
ALLY	C	0.1%	0.02%	0.02%
AMAT	F	0.24%	0.02%	0.02%
AMD	F	0.09%	0.55%	0.09%
AME	A	0.05%	0.02%	0.02%
AMGN	D	0.39%	0.44%	0.39%
AMT	D	0.11%	0.33%	0.11%
AMZN	C	1.56%	3.66%	1.56%
ANET	C	0.04%	0.14%	0.04%
APH	B	0.09%	0.11%	0.09%
APO	A	0.03%	0.07%	0.03%
APTV	F	0.02%	0.02%	0.02%
ATO	A	0.04%	0.14%	0.04%
AVB	B	0.05%	0.07%	0.05%
AVGO	D	0.61%	1.69%	0.61%
AXP	A	0.36%	0.37%	0.36%
AZO	C	0.06%	0.15%	0.06%
BA	D	0.11%	0.24%	0.11%
BAC	A	1.3%	0.61%	0.61%
BAH	F	0.03%	0.03%	0.03%
BALL	D	0.06%	0.11%	0.06%
BBWI	C	0.03%	0.02%	0.02%
BDX	F	0.11%	0.29%	0.11%
BIIB	F	0.09%	0.1%	0.09%
BK	A	0.26%	0.16%	0.16%
BKNG	B	0.24%	0.31%	0.24%
BLK	C	0.28%	0.21%	0.21%
BMY	B	0.45%	0.13%	0.13%
BPOP	B	0.02%	0.04%	0.02%
BR	A	0.03%	0.03%	0.03%
BRK.A	B	2.17%	1.23%	1.23%
BSX	C	0.09%	0.23%	0.09%
BURL	B	0.03%	0.11%	0.03%
BX	B	0.13%	0.08%	0.08%
C	A	1.1%	0.42%	0.42%
CAH	B	0.07%	0.03%	0.03%
CARR	C	0.12%	0.21%	0.12%
CAT	B	0.41%	0.15%	0.15%
CB	D	0.26%	0.48%	0.26%
CBOE	B	0.01%	0.14%	0.01%
CBRE	B	0.13%	0.07%	0.07%
CCI	D	0.09%	0.01%	0.01%
CDNS	B	0.03%	0.19%	0.03%
CEG	D	0.1%	0.27%	0.1%
CF	B	0.07%	0.1%	0.07%
CI	D	0.48%	0.32%	0.32%
CL	D	0.13%	0.22%	0.13%
CLX	C	0.04%	0.04%	0.04%
CMCSA	C	0.83%	0.42%	0.42%
CMG	B	0.04%	0.27%	0.04%
CMI	A	0.19%	0.31%	0.19%
CMS	C	0.06%	0.08%	0.06%
CNP	A	0.06%	0.06%	0.06%
COP	D	0.48%	0.42%	0.42%
COR	C	0.02%	0.12%	0.02%
COST	B	0.66%	0.8%	0.66%
CPAY	A	0.06%	0.29%	0.06%
CPB	D	0.03%	0.02%	0.02%
CPRT	A	0.03%	0.13%	0.03%
CPT	B	0.02%	0.0%	0.0%
CRBG	B	0.04%	0.2%	0.04%
CRL	C	0.01%	0.0%	0.0%
CRM	B	0.15%	0.79%	0.15%
CSCO	A	0.82%	0.32%	0.32%
CSX	B	0.22%	0.35%	0.22%
CTAS	B	0.08%	0.1%	0.08%
CVS	D	0.68%	0.04%	0.04%
CVX	B	1.25%	0.47%	0.47%
D	C	0.17%	0.05%	0.05%
DAL	B	0.03%	0.05%	0.03%
DE	B	0.23%	0.24%	0.23%
DFS	B	0.26%	0.13%	0.13%
DG	F	0.08%	0.09%	0.08%
DGX	B	0.07%	0.08%	0.07%
DHR	D	0.15%	0.46%	0.15%
DIS	B	0.45%	0.2%	0.2%
DOV	A	0.06%	0.1%	0.06%
DPZ	C	0.03%	0.09%	0.03%
DUK	C	0.3%	0.04%	0.04%
DVN	F	0.09%	0.04%	0.04%
EA	C	0.09%	0.07%	0.07%
EBAY	C	0.17%	0.01%	0.01%
EFX	D	0.03%	0.09%	0.03%
EL	F	0.03%	0.04%	0.03%
ELV	F	0.36%	0.37%	0.36%
EMR	A	0.17%	0.07%	0.07%
EOG	C	0.23%	0.2%	0.2%
EQH	B	0.05%	0.08%	0.05%
EQIX	A	0.08%	0.26%	0.08%
EQT	B	0.04%	0.06%	0.04%
ESS	B	0.03%	0.13%	0.03%
ETR	B	0.12%	0.1%	0.1%
EVRG	A	0.07%	0.06%	0.06%
EW	C	0.04%	0.06%	0.04%
EWBC	B	0.03%	0.02%	0.02%
EXC	D	0.17%	0.07%	0.07%
EXR	C	0.03%	0.01%	0.01%
F	C	0.33%	0.01%	0.01%
FANG	F	0.05%	0.12%	0.05%
FCX	F	0.14%	0.19%	0.14%
FDX	B	0.32%	0.15%	0.15%
FE	D	0.09%	0.08%	0.08%
FI	A	0.13%	0.49%	0.13%
FITB	B	0.13%	0.14%	0.13%
FSLR	F	0.01%	0.0%	0.0%
FTNT	C	0.03%	0.36%	0.03%
FTV	B	0.03%	0.08%	0.03%
GD	F	0.21%	0.03%	0.03%
GE	D	0.15%	0.56%	0.15%
GEN	A	0.04%	0.18%	0.04%
GEV	C	0.04%	0.25%	0.04%
GILD	B	0.37%	0.14%	0.14%
GIS	D	0.11%	0.04%	0.04%
GM	B	0.79%	0.05%	0.05%
GOOG	C	1.14%	2.14%	1.14%
GOOGL	C	1.33%	1.48%	1.33%
GPN	C	0.09%	0.18%	0.09%
GS	B	0.62%	0.29%	0.29%
HAL	C	0.06%	0.09%	0.06%
HBAN	B	0.08%	0.13%	0.08%
HCA	F	0.2%	0.05%	0.05%
HD	A	0.8%	0.9%	0.8%
HES	C	0.06%	0.05%	0.05%
HIG	B	0.14%	0.28%	0.14%
HII	F	0.03%	0.02%	0.02%
HLT	A	0.06%	0.18%	0.06%
HOLX	D	0.04%	0.12%	0.04%
HON	B	0.37%	0.32%	0.32%
HUBB	B	0.03%	0.16%	0.03%
HUM	C	0.19%	0.07%	0.07%
HWM	B	0.07%	0.16%	0.07%
IBM	C	0.54%	0.23%	0.23%
ICE	D	0.11%	0.26%	0.11%
ICLR	F	0.01%	0.08%	0.01%
IDXX	F	0.02%	0.06%	0.02%
IEX	B	0.03%	0.07%	0.03%
INTC	C	0.89%	0.01%	0.01%
INTU	C	0.11%	0.36%	0.11%
IP	B	0.17%	0.05%	0.05%
IQV	F	0.07%	0.03%	0.03%
IR	A	0.03%	0.11%	0.03%
ISRG	C	0.09%	0.48%	0.09%
IT	C	0.03%	0.04%	0.03%
JBHT	C	0.05%	0.01%	0.01%
JCI	C	0.16%	0.09%	0.09%
JNJ	D	0.89%	0.68%	0.68%
JPM	B	2.03%	1.16%	1.16%
K	A	0.07%	0.02%	0.02%
KDP	D	0.07%	0.3%	0.07%
KEY	A	0.1%	0.05%	0.05%
KEYS	B	0.04%	0.2%	0.04%
KHC	D	0.09%	0.02%	0.02%
KIM	A	0.03%	0.05%	0.03%
KKR	B	0.12%	0.19%	0.12%
KLAC	F	0.08%	0.43%	0.08%
KMB	C	0.1%	0.09%	0.09%
KMI	B	0.23%	0.1%	0.1%
KO	D	0.35%	0.68%	0.35%
KVUE	A	0.05%	0.3%	0.05%
LHX	C	0.16%	0.19%	0.16%
LIN	D	0.33%	0.7%	0.33%
LLY	F	0.2%	1.9%	0.2%
LMT	D	0.37%	0.06%	0.06%
LOW	C	0.43%	0.3%	0.3%
LPLA	B	0.04%	0.06%	0.04%
LRCX	F	0.15%	0.03%	0.03%
LULU	C	0.01%	0.11%	0.01%
LUV	B	0.02%	0.01%	0.01%
LVS	C	0.04%	0.14%	0.04%
MA	B	0.29%	0.89%	0.29%
MAR	A	0.09%	0.16%	0.09%
MCD	D	0.34%	0.55%	0.34%
MCHP	F	0.05%	0.02%	0.02%
MCK	C	0.11%	0.18%	0.11%
MCO	A	0.07%	0.16%	0.07%
MDLZ	F	0.2%	0.16%	0.16%
MDT	D	0.16%	0.1%	0.1%
MET	A	0.26%	0.26%	0.26%
META	D	1.79%	2.67%	1.79%
MMC	A	0.14%	0.25%	0.14%
MNST	B	0.05%	0.07%	0.05%
MO	A	0.37%	0.06%	0.06%
MOH	F	0.05%	0.11%	0.05%
MOS	F	0.06%	0.06%	0.06%
MPC	F	0.4%	0.24%	0.24%
MRK	F	0.42%	0.55%	0.42%
MRNA	F	0.03%	0.0%	0.0%
MRVL	B	0.04%	0.16%	0.04%
MS	B	0.46%	0.26%	0.26%
MSCI	C	0.03%	0.03%	0.03%
MSFT	D	2.43%	6.73%	2.43%
MTD	F	0.03%	0.17%	0.03%
MU	D	0.38%	0.02%	0.02%
NEE	D	0.24%	0.51%	0.24%
NFLX	B	0.17%	0.8%	0.17%
NI	A	0.05%	0.02%	0.02%
NKE	F	0.19%	0.08%	0.08%
NOC	D	0.2%	0.27%	0.2%
NOW	B	0.01%	0.06%	0.01%
NSC	A	0.21%	0.21%	0.21%
NVDA	C	0.4%	6.08%	0.4%
NVR	D	0.08%	0.23%	0.08%
NXPI	D	0.05%	0.02%	0.02%
ODFL	B	0.06%	0.28%	0.06%
ON	C	0.04%	0.04%	0.04%
ORCL	C	0.5%	0.53%	0.5%
ORLY	B	0.11%	0.17%	0.11%
PANW	C	0.03%	0.1%	0.03%
PCG	B	0.03%	0.33%	0.03%
PEP	F	0.41%	0.51%	0.41%
PFE	D	0.68%	0.22%	0.22%
PG	A	0.77%	0.78%	0.77%
PGR	A	0.23%	0.06%	0.06%
PKG	B	0.07%	0.1%	0.07%
PLD	D	0.07%	0.28%	0.07%
PM	B	0.48%	0.56%	0.48%
PNC	A	0.3%	0.08%	0.08%
PPL	B	0.11%	0.02%	0.02%
PSA	C	0.05%	0.18%	0.05%
PSX	C	0.36%	0.07%	0.07%
QCOM	F	0.43%	0.55%	0.43%
REG	B	0.02%	0.04%	0.02%
REGN	F	0.1%	0.31%	0.1%
ROK	B	0.06%	0.18%	0.06%
ROP	B	0.05%	0.27%	0.05%
ROST	C	0.07%	0.17%	0.07%
RPM	A	0.04%	0.02%	0.02%
RSG	A	0.06%	0.03%	0.03%
RTX	D	0.34%	0.2%	0.2%
SBAC	D	0.02%	0.02%	0.02%
SBUX	B	0.28%	0.1%	0.1%
SCHW	A	0.13%	0.35%	0.13%
SHW	A	0.08%	0.21%	0.08%
SLB	C	0.12%	0.19%	0.12%
SNPS	B	0.03%	0.2%	0.03%
SO	D	0.26%	0.2%	0.2%
SPG	C	0.1%	0.06%	0.06%
SPGI	C	0.15%	0.33%	0.15%
SRE	A	0.13%	0.04%	0.04%
ST	F	0.02%	0.02%	0.02%
STLD	B	0.11%	0.13%	0.11%
STZ	D	0.07%	0.12%	0.07%
SUI	D	0.02%	0.07%	0.02%
SWK	D	0.07%	0.32%	0.07%
SYK	C	0.13%	0.39%	0.13%
SYY	C	0.1%	0.04%	0.04%
T	A	1.27%	0.06%	0.06%
TDG	D	0.06%	0.16%	0.06%
TDY	B	0.03%	0.17%	0.03%
TER	F	0.04%	0.01%	0.01%
TFC	B	0.23%	0.03%	0.03%
TGT	F	0.38%	0.17%	0.17%
THC	D	0.07%	0.15%	0.07%
TJX	A	0.22%	0.2%	0.2%
TMO	F	0.25%	0.66%	0.25%
TMUS	A	0.25%	0.76%	0.25%
TRGP	B	0.07%	0.06%	0.06%
TRV	B	0.31%	0.11%	0.11%
TSLA	B	0.28%	1.59%	0.28%
TSN	B	0.2%	0.03%	0.03%
TT	B	0.06%	0.14%	0.06%
TXN	D	0.34%	0.46%	0.34%
UBER	D	0.04%	0.44%	0.04%
ULTA	F	0.03%	0.02%	0.02%
UNH	B	1.22%	1.2%	1.2%
USB	A	0.32%	0.08%	0.08%
V	A	0.36%	1.1%	0.36%
VLO	C	0.39%	0.07%	0.07%
VMC	B	0.05%	0.14%	0.05%
VOYA	B	0.03%	0.17%	0.03%
VRSK	A	0.04%	0.11%	0.04%
VRTX	D	0.07%	0.18%	0.07%
VST	B	0.16%	0.08%	0.08%
VTRS	B	0.1%	0.01%	0.01%
VZ	B	1.13%	0.07%	0.07%
WDC	C	0.12%	0.11%	0.11%
WELL	C	0.1%	0.21%	0.1%
WFC	A	1.35%	0.37%	0.37%
WM	A	0.15%	0.13%	0.13%
WMB	B	0.17%	0.07%	0.07%
WMT	B	1.47%	0.76%	0.76%
WY	D	0.09%	0.02%	0.02%
XEL	A	0.12%	0.23%	0.12%
XOM	C	1.99%	1.12%	1.12%
XYL	D	0.03%	0.01%	0.01%
YUM	B	0.08%	0.02%	0.02%
ZBH	C	0.05%	0.2%	0.05%
ZBRA	A	0.04%	0.15%	0.04%
ZTS	D	0.07%	0.09%	0.07%

FNDX Overweight 423 Positions Relative to TSPA

Symbol	Grade	Weight
LUMN	C	0.65%
COF	B	0.48%
CHTR	C	0.35%
MMM	D	0.35%
UNP	C	0.35%
SYF	A	0.34%
KR	A	0.3%
UPS	C	0.28%
ETN	A	0.23%
PYPL	A	0.22%
PRU	A	0.22%
ADM	F	0.21%
AFL	B	0.21%
HPQ	B	0.21%
HPE	B	0.21%
CTSH	B	0.19%
CNC	F	0.19%
NUE	D	0.19%
DOW	F	0.18%
WBA	D	0.17%
DD	D	0.17%
AEP	D	0.16%
DHI	D	0.16%
BKR	C	0.16%
BBY	D	0.16%
LEN	C	0.16%
AMP	B	0.15%
ADP	B	0.15%
ITW	A	0.15%
PCAR	B	0.15%
LYB	F	0.14%
OKE	C	0.14%
GLW	B	0.14%
APD	A	0.13%
PH	A	0.13%
TROW	A	0.13%
AON	A	0.13%
NEM	F	0.13%
URI	B	0.13%
FIS	D	0.12%
ED	D	0.12%
MTB	B	0.11%
PARA	C	0.11%
PEG	A	0.11%
OXY	F	0.11%
PHM	C	0.11%
EIX	A	0.1%
FOXA	C	0.1%
STT	A	0.1%
BG	F	0.1%
NRG	C	0.1%
CFG	B	0.1%
RF	B	0.09%
MRO	B	0.09%
SW	B	0.09%
STX	D	0.09%
RS	B	0.09%
CTVA	B	0.09%
PFG	C	0.09%
LH	B	0.09%
GEHC	F	0.09%
ARW	D	0.08%
EMN	D	0.08%
NTRS	A	0.08%
USFD	A	0.08%
CHRW	C	0.08%
VTR	D	0.08%
WHR	B	0.08%
ES	D	0.08%
OMC	C	0.08%
CME	A	0.08%
UHS	D	0.08%
GWW	A	0.08%
PPG	D	0.08%
WEC	A	0.08%
WKC	D	0.08%
DLR	A	0.08%
ECL	D	0.08%
JLL	B	0.08%
WBD	C	0.08%
BAX	F	0.07%
OC	B	0.07%
VFC	C	0.07%
MSI	C	0.07%
CMA	A	0.07%
WTW	B	0.07%
NTAP	C	0.07%
PWR	A	0.07%
R	B	0.07%
CINF	A	0.07%
X	C	0.07%
LAD	B	0.07%
AVT	C	0.07%
DTE	C	0.07%
LDOS	D	0.07%
FAST	B	0.07%
SNA	A	0.06%
OVV	C	0.06%
TOL	A	0.06%
M	D	0.06%
MGM	F	0.06%
DVA	B	0.06%
TSCO	C	0.06%
CAG	D	0.06%
JEF	A	0.06%
TXT	D	0.06%
BLDR	C	0.06%
UNM	A	0.06%
AA	A	0.06%
ZION	B	0.06%
OMF	A	0.06%
MHK	D	0.06%
LNG	B	0.06%
CCL	B	0.06%
FLEX	B	0.06%
JBL	C	0.06%
IRM	C	0.06%
PFGC	A	0.06%
EME	B	0.06%
FNF	B	0.06%
PAYX	B	0.06%
WAB	B	0.06%
KSS	F	0.06%
KMX	B	0.06%
ACM	A	0.05%
VNO	B	0.05%
AFG	A	0.05%
INGR	B	0.05%
ORI	A	0.05%
MKL	A	0.05%
CSL	B	0.05%
DLTR	D	0.05%
IVZ	B	0.05%
IFF	D	0.05%
L	B	0.05%
JNPR	F	0.05%
AES	F	0.05%
DRI	B	0.05%
AJG	A	0.05%
AN	B	0.05%
BXP	D	0.05%
GPC	D	0.05%
OTIS	C	0.05%
KD	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
LEA	F	0.05%
TDS	B	0.05%
EQR	B	0.05%
GPI	B	0.05%
CASY	B	0.05%
DINO	F	0.05%
BWA	C	0.05%
MAS	C	0.05%
J	F	0.05%
TPR	A	0.05%
SFM	B	0.05%
RJF	A	0.05%
LKQ	D	0.05%
SJM	D	0.05%
BFH	B	0.05%
LNC	B	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%
EXPE	B	0.04%
SSNC	A	0.04%
OSK	B	0.04%
AVY	D	0.04%
AMG	B	0.04%
IPG	C	0.04%
ZIM	C	0.04%
UFPI	B	0.04%
PNR	B	0.04%
FYBR	D	0.04%
HSY	F	0.04%
CNO	A	0.04%
HST	C	0.04%
DOX	D	0.04%
EXPD	C	0.04%
SLM	B	0.04%
TMHC	A	0.04%
CCK	D	0.04%
WAT	B	0.04%
DKS	C	0.04%
GT	C	0.04%
RGA	A	0.04%
SWKS	F	0.04%
RHI	C	0.04%
HSIC	B	0.04%
CHD	B	0.04%
AWK	D	0.04%
LNT	A	0.04%
FAF	B	0.04%
MUSA	B	0.04%
BERY	B	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	F	0.04%
JXN	B	0.04%
MAN	D	0.04%
MLM	B	0.04%
UGI	A	0.04%
CDW	F	0.04%
DELL	C	0.03%
EXP	B	0.03%
SEE	C	0.03%
THG	C	0.03%
LSTR	B	0.03%
PRI	A	0.03%
INVH	D	0.03%
AR	B	0.03%
FMC	D	0.03%
SCI	A	0.03%
ACI	C	0.03%
ACGL	D	0.03%
GNTX	C	0.03%
AAP	C	0.03%
TRU	D	0.03%
BTU	C	0.03%
SQ	B	0.03%
ITT	A	0.03%
RVTY	D	0.03%
KBH	C	0.03%
ILMN	C	0.03%
CW	B	0.03%
TPH	C	0.03%
LII	A	0.03%
G	B	0.03%
GDDY	B	0.03%
FLR	B	0.03%
SNX	C	0.03%
BC	C	0.03%
STE	F	0.03%
ABG	B	0.03%
SNV	B	0.03%
ARE	D	0.03%
ALB	C	0.03%
SEIC	A	0.03%
TTWO	B	0.03%
QRVO	F	0.03%
AMCR	D	0.03%
ARMK	A	0.03%
AIZ	B	0.03%
CAR	C	0.03%
OGE	A	0.03%
GPK	C	0.03%
HAS	D	0.03%
AKAM	F	0.03%
FL	D	0.03%
RRX	A	0.03%
RL	B	0.03%
AGCO	D	0.03%
CACI	D	0.03%
APA	F	0.03%
MTH	C	0.03%
JHG	A	0.03%
CLF	F	0.03%
HRL	D	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%
GRMN	A	0.03%
MAA	B	0.03%
FFIV	A	0.03%
CG	B	0.03%
HUN	F	0.03%
FHN	B	0.03%
CTRA	B	0.03%
CMC	B	0.03%
DOC	C	0.03%
OLN	F	0.03%
DECK	A	0.03%
CE	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	A	0.03%
HBI	B	0.03%
GL	C	0.03%
MLI	C	0.03%
WLK	D	0.02%
MDU	F	0.02%
MTN	C	0.02%
ODP	F	0.02%
EG	C	0.02%
COHR	C	0.02%
ALV	C	0.02%
ALK	A	0.02%
ADNT	F	0.02%
FLO	C	0.02%
MPW	F	0.02%
MATX	C	0.02%
LEG	D	0.02%
CHKP	D	0.02%
TFX	F	0.02%
ARCH	B	0.02%
TKR	D	0.02%
MIDD	B	0.02%
AER	A	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	B	0.02%
WERN	B	0.02%
LW	C	0.02%
OI	C	0.02%
POST	B	0.02%
NFG	B	0.02%
ANSS	B	0.02%
ASGN	D	0.02%
NAVI	C	0.02%
SM	C	0.02%
NDSN	B	0.02%
WST	C	0.02%
CZR	D	0.02%
CCEP	B	0.02%
LECO	C	0.02%
AL	A	0.02%
MUR	F	0.02%
TPX	A	0.02%
PII	F	0.02%
STWD	C	0.02%
PAG	B	0.02%
EPAM	C	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%
HOG	F	0.02%
POOL	C	0.02%
ALGN	D	0.02%
NOV	C	0.02%
DCI	A	0.02%
FCNCA	B	0.02%
NVT	B	0.02%
AVTR	F	0.02%
AOS	D	0.02%
BECN	B	0.02%
SKX	D	0.02%
CC	C	0.02%
CNH	A	0.02%
LAMR	C	0.02%
PK	B	0.02%
BRX	A	0.02%
UDR	B	0.02%
VICI	C	0.02%
MTG	B	0.02%
ABM	B	0.02%
DAR	C	0.02%
ATR	B	0.02%
BJ	B	0.02%
EHC	B	0.02%
RUSHA	B	0.02%
SAIC	F	0.02%
REZI	B	0.02%
BRO	B	0.02%
GNRC	B	0.02%
TGNA	B	0.02%
BAP	C	0.02%
SON	D	0.02%
AXTA	A	0.02%
SOLV	C	0.02%
VSH	F	0.01%
ANDE	D	0.01%
LILAK	F	0.01%
CNXC	F	0.01%
VRSN	F	0.01%
DBX	C	0.01%
WTRG	B	0.01%
MSM	C	0.01%
SPTN	F	0.01%
CHE	D	0.01%
MMS	F	0.01%
AEO	F	0.01%
CYH	F	0.01%
JAZZ	B	0.01%
BLD	C	0.01%
TNL	A	0.01%
PRGO	C	0.01%
QRTEA	F	0.01%
AAL	B	0.01%
ALLE	D	0.01%
FTI	A	0.01%
JWN	A	0.01%
HRB	D	0.01%
XRAY	F	0.01%
DK	C	0.01%
HTZ	C	0.01%
DAN	F	0.01%
UNFI	A	0.01%
CRI	F	0.01%
CNX	B	0.01%
CPRI	F	0.01%

FNDX Underweight 44 Positions Relative to TSPA

Symbol	Grade	Weight
RCL	B	-0.18%
NVO	F	-0.17%
SAIA	C	-0.16%
RNR	C	-0.16%
REXR	F	-0.14%
TW	B	-0.13%
ENTG	D	-0.12%
ARES	B	-0.12%
DXCM	C	-0.11%
WYNN	D	-0.11%
CRWD	B	-0.11%
WCN	A	-0.11%
WFG	C	-0.11%
ABNB	C	-0.11%
FICO	B	-0.11%
MPWR	F	-0.09%
WING	F	-0.08%
RGEN	D	-0.08%
SITE	C	-0.07%
AZN	F	-0.07%
PSTG	D	-0.06%
SPOT	B	-0.06%
DT	C	-0.06%
NCLH	B	-0.05%
WAL	B	-0.05%
UAL	B	-0.05%
SHOP	B	-0.05%
AXS	A	-0.05%
ESAB	B	-0.05%
BGNE	D	-0.05%
VRT	B	-0.05%
CUBE	D	-0.04%
FDS	B	-0.04%
ZS	C	-0.04%
TPG	B	-0.04%
CSGP	C	-0.04%
AMH	C	-0.04%
SNY	F	-0.04%
ELAN	F	-0.02%
CNI	D	-0.02%
WDAY	C	-0.02%
LSCC	D	-0.01%
RIVN	D	-0.01%
VLTO	C	-0.0%