FNDX vs. USCL ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

$24.84

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.37

Average Daily Volume

2,803

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	USCL
30 Days	2.37%	2.29%
60 Days	4.07%	5.15%
90 Days	5.72%	6.92%
12 Months	28.68%	35.00%

267 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in USCL	Overlap
	A	D	0.05%	0.1%	0.05%
	AAPL	C	4.35%	5.23%	4.35%
	ABBV	F	0.49%	0.81%	0.49%
	ABT	B	0.34%	0.54%	0.34%
	ACGL	C	0.03%	0.1%	0.03%
	ACM	B	0.05%	0.04%	0.04%
	ACN	B	0.36%	0.61%	0.36%
	ADBE	C	0.2%	0.63%	0.2%
	ADI	D	0.13%	0.28%	0.13%
	ADP	A	0.15%	0.33%	0.15%
	ADSK	A	0.03%	0.18%	0.03%
	AEP	C	0.16%	0.13%	0.13%
	AIG	B	0.28%	0.14%	0.14%
	AJG	A	0.05%	0.18%	0.05%
	AKAM	D	0.03%	0.04%	0.03%
	ALB	B	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.61%	0.09%
	AME	A	0.05%	0.12%	0.05%
	AMGN	F	0.39%	0.43%	0.39%
	AMT	C	0.11%	0.24%	0.11%
	AMZN	C	1.56%	5.13%	1.56%
	ANSS	B	0.02%	0.08%	0.02%
	AON	A	0.13%	0.2%	0.13%
	APO	B	0.03%	0.18%	0.03%
	ARE	F	0.03%	0.05%	0.03%
	ATO	A	0.04%	0.06%	0.04%
	AVB	B	0.05%	0.09%	0.05%
	AVGO	D	0.61%	2.04%	0.61%
	AVY	F	0.04%	0.04%	0.04%
	AWK	C	0.04%	0.07%	0.04%
	AXP	A	0.36%	0.45%	0.36%
	BAC	A	1.3%	0.87%	0.87%
	BAH	F	0.03%	0.05%	0.03%
	BALL	F	0.06%	0.05%	0.05%
	BIIB	F	0.09%	0.06%	0.06%
	BK	A	0.26%	0.16%	0.16%
	BKNG	A	0.24%	0.46%	0.24%
	BKR	A	0.16%	0.12%	0.12%
	BLK	B	0.28%	0.42%	0.28%
	BMY	B	0.45%	0.32%	0.32%
	BR	A	0.03%	0.07%	0.03%
	BSX	A	0.09%	0.35%	0.09%
	BX	A	0.13%	0.35%	0.13%
	BXP	C	0.05%	0.03%	0.03%
	CAT	B	0.41%	0.51%	0.41%
	CB	C	0.26%	0.3%	0.26%
	CBOE	C	0.01%	0.06%	0.01%
	CBRE	B	0.13%	0.11%	0.11%
	CCI	C	0.09%	0.12%	0.09%
	CCK	D	0.04%	0.03%	0.03%
	CDNS	B	0.03%	0.22%	0.03%
	CEG	C	0.1%	0.19%	0.1%
	CG	B	0.03%	0.03%	0.03%
	CHD	A	0.04%	0.07%	0.04%
	CHTR	C	0.35%	0.1%	0.1%
	CL	D	0.13%	0.19%	0.13%
	CLX	A	0.04%	0.06%	0.04%
	CMCSA	B	0.83%	0.46%	0.46%
	CME	B	0.08%	0.22%	0.08%
	CMG	B	0.04%	0.22%	0.04%
	CMI	A	0.19%	0.14%	0.14%
	COP	C	0.48%	0.36%	0.36%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	B	0.03%	0.13%	0.03%
	CRL	D	0.01%	0.03%	0.01%
	CRM	B	0.15%	0.87%	0.15%
	CSCO	B	0.82%	0.63%	0.63%
	CSL	C	0.05%	0.06%	0.05%
	CSX	C	0.22%	0.19%	0.19%
	CTAS	B	0.08%	0.21%	0.08%
	CTLT	C	0.02%	0.03%	0.02%
	CTSH	B	0.19%	0.11%	0.11%
	CTVA	C	0.09%	0.11%	0.09%
	CVS	D	0.68%	0.19%	0.19%
	CVX	A	1.25%	0.77%	0.77%
	D	C	0.17%	0.13%	0.13%
	DD	C	0.17%	0.09%	0.09%
	DE	B	0.23%	0.28%	0.23%
	DECK	A	0.03%	0.07%	0.03%
	DELL	B	0.03%	0.1%	0.03%
	DFS	B	0.26%	0.12%	0.12%
	DHR	F	0.15%	0.43%	0.15%
	DIS	B	0.45%	0.54%	0.45%
	DLR	B	0.08%	0.16%	0.08%
	DOC	C	0.03%	0.04%	0.03%
	DOV	A	0.06%	0.08%	0.06%
	DUK	C	0.3%	0.23%	0.23%
	DVA	C	0.06%	0.02%	0.02%
	EBAY	D	0.17%	0.08%	0.08%
	ECL	D	0.08%	0.17%	0.08%
	ED	C	0.12%	0.09%	0.09%
	EFX	F	0.03%	0.09%	0.03%
	EL	F	0.03%	0.04%	0.03%
	EMR	B	0.17%	0.2%	0.17%
	EOG	A	0.23%	0.21%	0.21%
	EQIX	A	0.08%	0.23%	0.08%
	EQR	C	0.05%	0.07%	0.05%
	ES	C	0.08%	0.06%	0.06%
	ETN	A	0.23%	0.39%	0.23%
	EW	C	0.04%	0.11%	0.04%
	EXC	C	0.17%	0.1%	0.1%
	EXPD	C	0.04%	0.05%	0.04%
	F	C	0.33%	0.12%	0.12%
	FANG	C	0.05%	0.09%	0.05%
	FCX	F	0.14%	0.17%	0.14%
	FDX	B	0.32%	0.18%	0.18%
	FI	A	0.13%	0.33%	0.13%
	FIS	C	0.12%	0.13%	0.12%
	FSLR	F	0.01%	0.05%	0.01%
	FTNT	C	0.03%	0.17%	0.03%
	FTV	C	0.03%	0.07%	0.03%
	GEN	B	0.04%	0.05%	0.04%
	GGG	B	0.02%	0.04%	0.02%
	GILD	C	0.37%	0.31%	0.31%
	GIS	D	0.11%	0.1%	0.1%
	GM	C	0.79%	0.18%	0.18%
	GOOG	C	1.14%	2.03%	1.14%
	GOOGL	C	1.33%	2.33%	1.33%
	GPN	B	0.09%	0.08%	0.08%
	GRMN	B	0.03%	0.09%	0.03%
	GS	A	0.62%	0.51%	0.51%
	HD	B	0.8%	1.09%	0.8%
	HES	B	0.06%	0.11%	0.06%
	HIG	B	0.14%	0.09%	0.09%
	HLT	A	0.06%	0.17%	0.06%
	HPE	B	0.21%	0.07%	0.07%
	HSY	F	0.04%	0.07%	0.04%
	HUBB	B	0.03%	0.07%	0.03%
	HUM	C	0.19%	0.09%	0.09%
	IBM	C	0.54%	0.52%	0.52%
	ICE	C	0.11%	0.24%	0.11%
	IDXX	F	0.02%	0.09%	0.02%
	IEX	C	0.03%	0.05%	0.03%
	ILMN	C	0.03%	0.06%	0.03%
	INTC	C	0.89%	0.29%	0.29%
	INTU	B	0.11%	0.53%	0.11%
	IQV	F	0.07%	0.1%	0.07%
	IT	C	0.03%	0.11%	0.03%
	ITW	B	0.15%	0.22%	0.15%
	JBHT	C	0.05%	0.04%	0.04%
	JCI	B	0.16%	0.15%	0.15%
	JKHY	D	0.02%	0.03%	0.02%
	JNJ	C	0.89%	0.99%	0.89%
	JPM	A	2.03%	1.88%	1.88%
	K	A	0.07%	0.06%	0.06%
	KDP	F	0.07%	0.1%	0.07%
	KIM	A	0.03%	0.04%	0.03%
	KMB	C	0.1%	0.12%	0.1%
	KMI	A	0.23%	0.14%	0.14%
	KO	D	0.35%	0.69%	0.35%
	LH	B	0.09%	0.05%	0.05%
	LII	A	0.03%	0.06%	0.03%
	LIN	C	0.33%	0.59%	0.33%
	LLY	F	0.2%	1.72%	0.2%
	LNT	A	0.04%	0.04%	0.04%
	LULU	C	0.01%	0.1%	0.01%
	LVS	B	0.04%	0.05%	0.04%
	MA	B	0.29%	1.17%	0.29%
	MAR	A	0.09%	0.19%	0.09%
	MCD	D	0.34%	0.58%	0.34%
	MCK	A	0.11%	0.21%	0.11%
	MCO	B	0.07%	0.21%	0.07%
	MDLZ	F	0.2%	0.24%	0.2%
	META	D	1.79%	3.42%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MKC	C	0.03%	0.05%	0.03%
	MLM	C	0.04%	0.1%	0.04%
	MMC	B	0.14%	0.3%	0.14%
	MMM	D	0.35%	0.2%	0.2%
	MNST	C	0.05%	0.11%	0.05%
	MRK	D	0.42%	0.67%	0.42%
	MRO	B	0.09%	0.04%	0.04%
	MS	A	0.46%	0.44%	0.44%
	MSFT	D	2.43%	4.42%	2.43%
	MTD	F	0.03%	0.07%	0.03%
	NDAQ	A	0.03%	0.09%	0.03%
	NEE	C	0.24%	0.42%	0.24%
	NEM	D	0.13%	0.13%	0.13%
	NFLX	A	0.17%	0.98%	0.17%
	NKE	F	0.19%	0.25%	0.19%
	NOW	A	0.01%	0.58%	0.01%
	NSC	B	0.21%	0.16%	0.16%
	NTRS	A	0.08%	0.06%	0.06%
	NUE	C	0.19%	0.1%	0.1%
	NVDA	B	0.4%	6.73%	0.4%
	O	C	0.04%	0.13%	0.04%
	OC	A	0.07%	0.05%	0.05%
	ODFL	C	0.06%	0.12%	0.06%
	OKE	A	0.14%	0.17%	0.14%
	ORCL	A	0.5%	0.84%	0.5%
	OXY	D	0.11%	0.09%	0.09%
	PANW	B	0.03%	0.35%	0.03%
	PAYX	B	0.06%	0.13%	0.06%
	PCAR	B	0.15%	0.16%	0.15%
	PEG	A	0.11%	0.12%	0.11%
	PEP	F	0.41%	0.61%	0.41%
	PFE	F	0.68%	0.4%	0.4%
	PG	C	0.77%	1.07%	0.77%
	PGR	A	0.23%	0.41%	0.23%
	PLD	F	0.07%	0.29%	0.07%
	PNR	A	0.04%	0.05%	0.04%
	PPG	F	0.08%	0.08%	0.08%
	PWR	A	0.07%	0.13%	0.07%
	PYPL	B	0.22%	0.23%	0.22%
	QCOM	F	0.43%	0.49%	0.43%
	REG	A	0.02%	0.04%	0.02%
	REGN	F	0.1%	0.23%	0.1%
	ROK	C	0.06%	0.09%	0.06%
	ROP	B	0.05%	0.16%	0.05%
	RPM	A	0.04%	0.05%	0.04%
	RSG	A	0.06%	0.13%	0.06%
	RVTY	F	0.03%	0.04%	0.03%
	SBUX	A	0.28%	0.3%	0.28%
	SCHW	B	0.13%	0.33%	0.13%
	SHW	B	0.08%	0.25%	0.08%
	SLB	C	0.12%	0.17%	0.12%
	SNPS	B	0.03%	0.23%	0.03%
	SO	C	0.26%	0.26%	0.26%
	SPG	A	0.1%	0.16%	0.1%
	SPGI	C	0.15%	0.44%	0.15%
	SQ	A	0.03%	0.13%	0.03%
	SRE	A	0.13%	0.16%	0.13%
	STLD	B	0.11%	0.06%	0.06%
	STT	B	0.1%	0.08%	0.08%
	STZ	D	0.07%	0.11%	0.07%
	T	A	1.27%	0.43%	0.43%
	TAP	C	0.05%	0.03%	0.03%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.38%	0.19%	0.19%
	TMO	F	0.25%	0.55%	0.25%
	TMUS	B	0.25%	0.34%	0.25%
	TRMB	B	0.03%	0.05%	0.03%
	TROW	B	0.13%	0.07%	0.07%
	TRU	D	0.03%	0.05%	0.03%
	TRV	B	0.31%	0.16%	0.16%
	TSLA	B	0.28%	2.41%	0.28%
	TT	A	0.06%	0.25%	0.06%
	TXN	C	0.34%	0.51%	0.34%
	UBER	F	0.04%	0.36%	0.04%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	B	1.22%	1.47%	1.22%
	UNP	C	0.35%	0.39%	0.35%
	UPS	C	0.28%	0.26%	0.26%
	USB	A	0.32%	0.21%	0.21%
	V	A	0.36%	1.31%	0.36%
	VICI	C	0.02%	0.09%	0.02%
	VRSK	A	0.04%	0.11%	0.04%
	VRTX	D	0.07%	0.34%	0.07%
	VZ	C	1.13%	0.46%	0.46%
	WAB	B	0.06%	0.09%	0.06%
	WAT	C	0.04%	0.06%	0.04%
	WELL	A	0.1%	0.22%	0.1%
	WFC	A	1.35%	0.69%	0.69%
	WM	B	0.15%	0.24%	0.15%
	WMT	A	1.47%	1.01%	1.01%
	WRB	A	0.03%	0.05%	0.03%
	WSM	C	0.04%	0.05%	0.04%
	WST	C	0.02%	0.07%	0.02%
	WTRG	B	0.01%	0.03%	0.01%
	WTW	B	0.07%	0.09%	0.07%
	WY	F	0.09%	0.06%	0.06%
	XEL	A	0.12%	0.1%	0.1%
	XOM	B	1.99%	1.46%	1.46%
	XYL	D	0.03%	0.08%	0.03%
	YUM	D	0.08%	0.1%	0.08%
	ZBH	C	0.05%	0.06%	0.05%
	ZTS	D	0.07%	0.22%	0.07%

FNDX Overweight 454 Positions Relative to USCL

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	C	A	1.1%
	COST	A	0.66%
	LUMN	C	0.65%
	PM	B	0.48%
	COF	C	0.48%
	CI	D	0.48%
	LOW	C	0.43%
	MPC	D	0.4%
	VLO	C	0.39%
	MU	D	0.38%
	LMT	D	0.37%
	HON	C	0.37%
	MO	A	0.37%
	PSX	C	0.36%
	ELV	F	0.36%
	RTX	D	0.34%
	SYF	B	0.34%
	KR	B	0.3%
	PNC	B	0.3%
	ALL	A	0.27%
	MET	A	0.26%
	AMAT	F	0.24%
	TFC	A	0.23%
	TJX	A	0.22%
	PRU	A	0.22%
	ADM	D	0.21%
	AFL	B	0.21%
	HPQ	B	0.21%
	GD	D	0.21%
	NOC	D	0.2%
	TSN	B	0.2%
	HCA	F	0.2%
	CNC	D	0.19%
	DOW	F	0.18%
	WMB	A	0.17%
	IP	A	0.17%
	WBA	F	0.17%
	VST	A	0.16%
	DHI	F	0.16%
	BBY	D	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	MDT	D	0.16%
	AMP	A	0.15%
	LRCX	F	0.15%
	GE	D	0.15%
	LYB	F	0.14%
	GLW	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	FITB	B	0.13%
	SYK	B	0.13%
	URI	C	0.13%
	ETR	B	0.12%
	WDC	D	0.12%
	CARR	C	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	MTB	A	0.11%
	PARA	C	0.11%
	BDX	F	0.11%
	PPL	A	0.11%
	BA	F	0.11%
	PHM	D	0.11%
	EIX	B	0.1%
	SYY	D	0.1%
	ALLY	C	0.1%
	FOXA	A	0.1%
	VTRS	A	0.1%
	KEY	B	0.1%
	BG	D	0.1%
	NRG	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	C	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	EA	A	0.09%
	PFG	D	0.09%
	APH	A	0.09%
	GEHC	D	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	EMN	C	0.08%
	HBAN	A	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	B	0.08%
	VTR	B	0.08%
	WHR	B	0.08%
	OMC	C	0.08%
	KLAC	F	0.08%
	UHS	D	0.08%
	DG	F	0.08%
	GWW	B	0.08%
	WEC	A	0.08%
	WKC	C	0.08%
	JLL	D	0.08%
	WBD	B	0.08%
	BAX	F	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	B	0.07%
	CF	A	0.07%
	AEE	A	0.07%
	DGX	A	0.07%
	TRGP	A	0.07%
	THC	D	0.07%
	NTAP	C	0.07%
	EVRG	A	0.07%
	CAH	B	0.07%
	R	B	0.07%
	CINF	A	0.07%
	X	B	0.07%
	LAD	A	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	ROST	D	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	FAST	B	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	TSCO	D	0.06%
	CPAY	A	0.06%
	CAG	F	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	BLDR	D	0.06%
	UNM	A	0.06%
	AZO	C	0.06%
	CMS	C	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	LNG	A	0.06%
	CCL	A	0.06%
	FLEX	B	0.06%
	JBL	C	0.06%
	IRM	C	0.06%
	PFGC	B	0.06%
	EME	A	0.06%
	CNP	A	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	VNO	C	0.05%
	NI	A	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	MCHP	F	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	L	A	0.05%
	JNPR	D	0.05%
	AES	F	0.05%
	DRI	B	0.05%
	AN	C	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%
	EQH	C	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	MAS	D	0.05%
	J	D	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	F	0.05%
	SJM	D	0.05%
	BFH	C	0.05%
	PSA	C	0.05%
	LNC	C	0.05%
	KVUE	A	0.05%
	ANET	C	0.04%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	SSNC	B	0.04%
	TER	F	0.04%
	OSK	C	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	C	0.04%
	FYBR	C	0.04%
	CNO	B	0.04%
	ON	D	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	ZBRA	B	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	SWKS	F	0.04%
	HOLX	D	0.04%
	RHI	C	0.04%
	HSIC	C	0.04%
	FAF	A	0.04%
	MUSA	B	0.04%
	BERY	C	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	NWSA	A	0.04%
	PNW	A	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	C	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	EQT	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	UGI	C	0.04%
	CDW	F	0.04%
	EXP	B	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	B	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	B	0.03%
	CW	C	0.03%
	TPH	D	0.03%
	G	B	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	C	0.03%
	STE	D	0.03%
	PCG	A	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	AMCR	C	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	DAL	B	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	C	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	C	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	APA	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	HII	F	0.03%
	HRL	D	0.03%
	EWBC	A	0.03%
	WU	F	0.03%
	CIEN	C	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	MAA	B	0.03%
	FFIV	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	DPZ	C	0.03%
	CE	F	0.03%
	WSO	A	0.03%
	RMD	C	0.03%
	IR	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	GL	C	0.03%
	MLI	B	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	B	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	A	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	C	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	SBAC	D	0.02%
	NAVI	F	0.02%
	SM	B	0.02%
	NDSN	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	F	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	EPAM	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GXO	B	0.02%
	PENN	C	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	APTV	F	0.02%
	POOL	C	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	AOS	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	C	0.02%
	PK	C	0.02%
	BRX	A	0.02%
	UDR	B	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%
	BRO	B	0.02%
	GNRC	C	0.02%
	COR	B	0.02%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	LUV	C	0.02%
	SOLV	D	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	VRSN	C	0.01%
	DBX	B	0.01%
	ICLR	D	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%
	TNL	A	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	C	0.01%
	FTI	A	0.01%
	JWN	D	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	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 29 Positions Relative to USCL

	Symbol	Grade	Weight
	PLTR	B	-0.32%
	MELI	C	-0.23%
	CRWD	B	-0.21%
	CRH	A	-0.19%
	WDAY	B	-0.16%
	ABNB	C	-0.16%
	WCN	A	-0.13%
	SNOW	B	-0.11%
	TEAM	A	-0.11%
	HUBS	A	-0.09%
	NET	B	-0.08%
	PTC	B	-0.06%
	MANH	D	-0.05%
	FWONK	A	-0.05%
	PINS	F	-0.05%
	ZS	B	-0.05%
	FDS	B	-0.05%
	TW	A	-0.04%
	TWLO	A	-0.04%
	WYNN	C	-0.03%
	SNAP	D	-0.03%
	PAYC	B	-0.03%
	DAY	B	-0.03%
	OKTA	C	-0.03%
	INCY	C	-0.03%
	AZPN	A	-0.02%
	H	B	-0.02%
	BSY	F	-0.02%
	MTCH	D	-0.02%

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

USCL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Drug Manufacturers - Major Asset Management Utilities - Regulated Electric Capital Markets Semiconductors Household & Personal Products Internet Content & Information Oil & Gas E&P Software - Infrastructure Specialty Chemicals Credit Services Specialty Retail Beverages - Soft Drinks Financial Data & Stock Exchanges Information Technology Services Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Natural Gas Computing Insurance Chemical Electricity Mining Work From Home Electronics Telecommunications Real Estate Investment Trust Software Beverage Mobile Devices Software As A Service Disease Medicine Oil And Gas