FNDX vs. USSG ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)

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

$71.47

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

USSG

Xtrackers MSCI USA ESG Leaders Equity ETF

USSG Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the underlying index). The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$53.08

Average Daily Volume

33,218

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	USSG
30 Days	3.09%	1.94%
60 Days	4.23%	3.55%
90 Days	6.97%	3.47%
12 Months	26.34%	31.82%

260 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in USSG	Overlap
	A	C	0.06%	0.16%	0.06%
	ACGL	C	0.05%	0.16%	0.05%
	ACI	F	0.02%	0.02%	0.02%
	ACN	C	0.34%	0.86%	0.34%
	ADBE	F	0.22%	1.0%	0.22%
	ADP	B	0.15%	0.45%	0.15%
	ADSK	C	0.03%	0.22%	0.03%
	AFL	C	0.23%	0.23%	0.23%
	AIZ	B	0.03%	0.04%	0.03%
	AKAM	D	0.03%	0.06%	0.03%
	ALGN	D	0.02%	0.06%	0.02%
	ALL	B	0.29%	0.19%	0.19%
	ALLE	B	0.02%	0.05%	0.02%
	ALLY	F	0.1%	0.04%	0.04%
	AMAT	D	0.25%	0.58%	0.25%
	AMD	D	0.09%	0.9%	0.09%
	AMGN	B	0.48%	0.69%	0.48%
	AMP	A	0.12%	0.17%	0.12%
	AMT	C	0.14%	0.44%	0.14%
	ANSS	D	0.02%	0.11%	0.02%
	APD	B	0.11%	0.24%	0.11%
	APTV	D	0.04%	0.07%	0.04%
	ATO	B	0.04%	0.08%	0.04%
	AVTR	B	0.03%	0.07%	0.03%
	AVY	C	0.04%	0.07%	0.04%
	AWK	B	0.05%	0.11%	0.05%
	AXP	B	0.37%	0.55%	0.37%
	AZO	D	0.06%	0.21%	0.06%
	BALL	C	0.06%	0.08%	0.06%
	BBWI	F	0.02%	0.02%	0.02%
	BBY	C	0.19%	0.08%	0.08%
	BEN	F	0.04%	0.02%	0.02%
	BG	D	0.11%	0.05%	0.05%
	BIIB	F	0.1%	0.11%	0.1%
	BK	B	0.26%	0.2%	0.2%
	BKNG	C	0.2%	0.51%	0.2%
	BKR	C	0.14%	0.13%	0.13%
	BLK	B	0.26%	0.52%	0.26%
	BMY	C	0.35%	0.39%	0.35%
	BR	D	0.04%	0.1%	0.04%
	BURL	B	0.03%	0.07%	0.03%
	BXP	B	0.05%	0.04%	0.04%
	CAG	C	0.07%	0.06%	0.06%
	CARR	B	0.13%	0.23%	0.13%
	CAT	B	0.39%	0.64%	0.39%
	CBOE	C	0.02%	0.09%	0.02%
	CBRE	A	0.12%	0.14%	0.12%
	CCI	C	0.11%	0.2%	0.11%
	CDNS	D	0.03%	0.27%	0.03%
	CFG	C	0.1%	0.08%	0.08%
	CHD	D	0.04%	0.1%	0.04%
	CHRW	B	0.07%	0.04%	0.04%
	CHTR	D	0.32%	0.12%	0.12%
	CI	C	0.55%	0.4%	0.4%
	CL	D	0.16%	0.32%	0.16%
	CLX	C	0.04%	0.08%	0.04%
	CMCSA	D	0.75%	0.6%	0.6%
	CMI	C	0.17%	0.16%	0.16%
	CMS	C	0.06%	0.08%	0.06%
	CNH	D	0.03%	0.03%	0.03%
	COF	B	0.39%	0.21%	0.21%
	CPB	C	0.04%	0.04%	0.04%
	CRM	D	0.12%	0.93%	0.12%
	CSX	D	0.21%	0.26%	0.21%
	CTAS	B	0.09%	0.29%	0.09%
	CTLT	B	0.02%	0.04%	0.02%
	DAL	C	0.02%	0.03%	0.02%
	DE	B	0.22%	0.4%	0.22%
	DECK	C	0.03%	0.09%	0.03%
	DFS	B	0.21%	0.13%	0.13%
	DGX	B	0.07%	0.07%	0.07%
	DHI	B	0.2%	0.21%	0.2%
	DHR	B	0.17%	0.72%	0.17%
	DINO	F	0.05%	0.03%	0.03%
	DIS	D	0.37%	0.63%	0.37%
	DKS	D	0.05%	0.05%	0.05%
	DLR	B	0.08%	0.2%	0.08%
	DOC	C	0.04%	0.06%	0.04%
	DOV	B	0.06%	0.1%	0.06%
	DPZ	F	0.04%	0.06%	0.04%
	DRI	B	0.05%	0.07%	0.05%
	DVA	B	0.07%	0.03%	0.03%
	EA	D	0.08%	0.14%	0.08%
	EBAY	B	0.19%	0.12%	0.12%
	ECL	B	0.09%	0.25%	0.09%
	ED	C	0.13%	0.14%	0.13%
	EIX	C	0.11%	0.13%	0.11%
	ELV	C	0.5%	0.49%	0.49%
	EME	B	0.06%	0.07%	0.06%
	EQH	C	0.05%	0.05%	0.05%
	EQIX	C	0.08%	0.32%	0.08%
	ES	C	0.09%	0.09%	0.09%
	ETN	C	0.21%	0.45%	0.21%
	EW	F	0.04%	0.16%	0.04%
	EXC	C	0.18%	0.15%	0.15%
	EXPD	C	0.02%	0.07%	0.02%
	FIS	B	0.13%	0.18%	0.13%
	FOXA	B	0.09%	0.04%	0.04%
	FSLR	C	0.02%	0.08%	0.02%
	FTV	C	0.03%	0.1%	0.03%
	GE	B	0.18%	0.72%	0.18%
	GEHC	C	0.07%	0.15%	0.07%
	GGG	C	0.02%	0.06%	0.02%
	GILD	B	0.35%	0.4%	0.35%
	GIS	B	0.13%	0.17%	0.13%
	GOOG	D	1.06%	2.97%	1.06%
	GOOGL	D	1.22%	3.42%	1.22%
	GPC	D	0.05%	0.07%	0.05%
	GWW	B	0.07%	0.17%	0.07%
	HAL	F	0.06%	0.1%	0.06%
	HBAN	B	0.07%	0.08%	0.07%
	HCA	B	0.25%	0.3%	0.25%
	HD	B	0.78%	1.44%	0.78%
	HIG	B	0.15%	0.14%	0.14%
	HLT	B	0.06%	0.21%	0.06%
	HOLX	B	0.04%	0.08%	0.04%
	HPE	D	0.18%	0.08%	0.08%
	HPQ	D	0.2%	0.13%	0.13%
	HRL	C	0.03%	0.04%	0.03%
	HSIC	C	0.04%	0.03%	0.03%
	HUM	F	0.21%	0.16%	0.16%
	IBM	B	0.61%	0.74%	0.61%
	ICE	C	0.13%	0.36%	0.13%
	IDXX	C	0.03%	0.16%	0.03%
	IEX	D	0.02%	0.06%	0.02%
	IFF	B	0.06%	0.1%	0.06%
	INTC	F	0.6%	0.32%	0.32%
	INTU	C	0.11%	0.69%	0.11%
	IP	B	0.15%	0.06%	0.06%
	IPG	C	0.04%	0.05%	0.04%
	IQV	C	0.08%	0.17%	0.08%
	IR	C	0.03%	0.14%	0.03%
	IRM	C	0.08%	0.14%	0.08%
	IT	B	0.03%	0.16%	0.03%
	ITW	C	0.15%	0.29%	0.15%
	JBHT	D	0.04%	0.05%	0.04%
	JCI	B	0.15%	0.19%	0.15%
	JNJ	C	1.0%	1.58%	1.0%
	JNPR	B	0.05%	0.05%	0.05%
	K	B	0.07%	0.09%	0.07%
	KDP	B	0.08%	0.15%	0.08%
	KEY	B	0.1%	0.06%	0.06%
	KEYS	C	0.03%	0.1%	0.03%
	KMB	D	0.11%	0.19%	0.11%
	KMX	D	0.07%	0.05%	0.05%
	KNX	C	0.04%	0.03%	0.03%
	KO	C	0.43%	1.15%	0.43%
	KR	C	0.3%	0.14%	0.14%
	LII	B	0.03%	0.07%	0.03%
	LIN	B	0.35%	0.87%	0.35%
	LKQ	F	0.05%	0.04%	0.04%
	LLY	C	0.27%	2.85%	0.27%
	LNG	C	0.05%	0.16%	0.05%
	LOW	B	0.42%	0.55%	0.42%
	LPLA	D	0.03%	0.06%	0.03%
	LRCX	F	0.16%	0.38%	0.16%
	LULU	D	0.02%	0.11%	0.02%
	LW	D	0.01%	0.04%	0.01%
	LYB	D	0.16%	0.09%	0.09%
	MA	B	0.28%	1.59%	0.28%
	MCD	B	0.34%	0.82%	0.34%
	MCO	B	0.08%	0.31%	0.08%
	MKC	C	0.04%	0.09%	0.04%
	MLM	D	0.04%	0.12%	0.04%
	MMC	C	0.15%	0.45%	0.15%
	MMM	B	0.4%	0.28%	0.28%
	MOH	D	0.05%	0.08%	0.05%
	MPC	F	0.41%	0.23%	0.23%
	MRK	D	0.51%	1.14%	0.51%
	MRVL	C	0.04%	0.24%	0.04%
	MS	D	0.35%	0.46%	0.35%
	MSFT	C	2.54%	11.46%	2.54%
	MTD	D	0.04%	0.12%	0.04%
	NDAQ	A	0.03%	0.12%	0.03%
	NEM	B	0.19%	0.23%	0.19%
	NI	B	0.05%	0.06%	0.05%
	NKE	D	0.18%	0.37%	0.18%
	NOW	B	0.01%	0.69%	0.01%
	NRG	C	0.11%	0.07%	0.07%
	NTAP	D	0.08%	0.09%	0.08%
	NTRS	A	0.07%	0.07%	0.07%
	NUE	F	0.18%	0.13%	0.13%
	NVDA	D	0.38%	10.42%	0.38%
	NVR	B	0.08%	0.11%	0.08%
	NXPI	F	0.08%	0.22%	0.08%
	OC	D	0.06%	0.05%	0.05%
	ODFL	D	0.05%	0.15%	0.05%
	OKE	B	0.13%	0.21%	0.13%
	OMC	B	0.08%	0.07%	0.07%
	ORLY	C	0.1%	0.26%	0.1%
	PANW	D	0.03%	0.44%	0.03%
	PAYX	C	0.06%	0.17%	0.06%
	PEP	C	0.45%	0.96%	0.45%
	PFG	B	0.08%	0.07%	0.07%
	PG	C	0.84%	1.64%	0.84%
	PGR	B	0.26%	0.57%	0.26%
	PHM	B	0.13%	0.11%	0.11%
	PLD	C	0.08%	0.48%	0.08%
	PNC	B	0.29%	0.28%	0.28%
	PNR	B	0.04%	0.06%	0.04%
	POOL	C	0.02%	0.05%	0.02%
	PPG	D	0.08%	0.11%	0.08%
	PRU	C	0.23%	0.16%	0.16%
	PSX	F	0.36%	0.21%	0.21%
	PWR	B	0.06%	0.15%	0.06%
	PYPL	B	0.19%	0.27%	0.19%
	RF	B	0.08%	0.08%	0.08%
	RJF	C	0.04%	0.09%	0.04%
	ROK	D	0.05%	0.12%	0.05%
	SBAC	C	0.02%	0.1%	0.02%
	SCHW	D	0.1%	0.37%	0.1%
	SJM	C	0.06%	0.05%	0.05%
	SLB	F	0.11%	0.22%	0.11%
	SNPS	D	0.03%	0.28%	0.03%
	SOLV	C	0.04%	0.04%	0.04%
	SPGI	B	0.15%	0.65%	0.15%
	SRE	C	0.12%	0.2%	0.12%
	STE	C	0.03%	0.1%	0.03%
	STLD	F	0.09%	0.06%	0.06%
	STT	A	0.09%	0.1%	0.09%
	STX	C	0.1%	0.08%	0.08%
	SW	B	0.11%	0.09%	0.09%
	SYF	C	0.27%	0.07%	0.07%
	TFC	C	0.22%	0.22%	0.22%
	TFX	C	0.02%	0.04%	0.02%
	TGT	C	0.37%	0.27%	0.27%
	TJX	B	0.24%	0.52%	0.24%
	TRGP	B	0.06%	0.12%	0.06%
	TRMB	C	0.03%	0.05%	0.03%
	TROW	D	0.11%	0.09%	0.09%
	TRU	B	0.03%	0.07%	0.03%
	TRV	C	0.3%	0.21%	0.21%
	TSCO	C	0.06%	0.11%	0.06%
	TSLA	C	0.19%	2.54%	0.19%
	TT	B	0.09%	0.31%	0.09%
	TTC	D	0.02%	0.03%	0.02%
	TTWO	C	0.02%	0.1%	0.02%
	TXN	C	0.34%	0.71%	0.34%
	ULTA	D	0.03%	0.07%	0.03%
	UNP	C	0.4%	0.6%	0.4%
	UPS	D	0.25%	0.37%	0.25%
	URI	B	0.12%	0.18%	0.12%
	USB	B	0.3%	0.27%	0.27%
	V	C	0.35%	1.76%	0.35%
	VLO	F	0.38%	0.18%	0.18%
	VZ	B	1.32%	0.72%	0.72%
	WAT	C	0.04%	0.08%	0.04%
	WBA	F	0.14%	0.02%	0.02%
	WDC	D	0.13%	0.08%	0.08%
	WELL	C	0.11%	0.3%	0.11%
	WMB	B	0.15%	0.21%	0.15%
	WSM	D	0.05%	0.07%	0.05%
	WST	D	0.02%	0.09%	0.02%
	WTRG	D	0.01%	0.04%	0.01%
	WTW	C	0.07%	0.12%	0.07%
	WY	C	0.09%	0.09%	0.09%
	XYL	C	0.04%	0.13%	0.04%
	YUM	D	0.08%	0.15%	0.08%
	ZBH	F	0.05%	0.08%	0.05%
	ZTS	C	0.08%	0.34%	0.08%

FNDX Overweight 458 Positions Relative to USSG

	Symbol	Grade	Weight
	AAPL	C	4.51%
	BRK.A	C	2.29%
	JPM	D	1.94%
	XOM	C	1.92%
	META	B	1.85%
	WMT	C	1.51%
	AMZN	C	1.42%
	T	C	1.37%
	UNH	C	1.25%
	BAC	D	1.22%
	CVX	D	1.07%
	WFC	D	1.06%
	C	C	1.04%
	PFE	C	0.75%
	CSCO	C	0.73%
	COST	B	0.73%
	GM	C	0.69%
	CVS	D	0.68%
	AVGO	C	0.68%
	ABBV	C	0.6%
	LUMN	C	0.57%
	GS	C	0.56%
	PM	C	0.51%
	QCOM	D	0.47%
	ORCL	C	0.47%
	COP	D	0.42%
	LMT	C	0.4%
	MO	C	0.39%
	RTX	C	0.37%
	MU	F	0.35%
	DUK	C	0.34%
	ABT	C	0.34%
	HON	D	0.34%
	FDX	C	0.32%
	F	F	0.31%
	SO	B	0.29%
	NEE	C	0.29%
	CB	B	0.29%
	TMO	B	0.29%
	AIG	D	0.28%
	MDT	C	0.27%
	SBUX	C	0.27%
	MET	B	0.26%
	CNC	D	0.25%
	TMUS	C	0.24%
	MDLZ	B	0.23%
	GD	B	0.23%
	ADM	D	0.22%
	NSC	C	0.21%
	NOC	B	0.21%
	DOW	D	0.2%
	EOG	D	0.2%
	TSN	C	0.2%
	LEN	B	0.19%
	D	C	0.19%
	KMI	B	0.19%
	DD	B	0.18%
	CTSH	C	0.18%
	AEP	C	0.18%
	LHX	C	0.16%
	REGN	C	0.16%
	EMR	D	0.15%
	NFLX	B	0.15%
	WM	D	0.15%
	GLW	C	0.14%
	BA	F	0.14%
	AON	B	0.13%
	FITB	B	0.13%
	PCAR	D	0.13%
	SYK	C	0.13%
	ADI	C	0.13%
	FCX	D	0.13%
	XEL	B	0.12%
	PH	B	0.12%
	ETR	B	0.11%
	KHC	C	0.11%
	TEL	D	0.11%
	SPG	B	0.11%
	OXY	F	0.11%
	BDX	D	0.11%
	BX	B	0.11%
	KKR	B	0.11%
	VST	C	0.11%
	PPL	C	0.11%
	PEG	B	0.11%
	VTRS	D	0.1%
	MCK	F	0.1%
	KLAC	D	0.1%
	CEG	C	0.1%
	FE	C	0.1%
	SYY	D	0.1%
	UHS	B	0.1%
	BAX	C	0.09%
	CTVA	B	0.09%
	APH	D	0.09%
	ISRG	B	0.09%
	SHW	B	0.09%
	VTR	C	0.09%
	JLL	B	0.09%
	BSX	B	0.09%
	PARA	F	0.09%
	MTB	B	0.09%
	STZ	D	0.08%
	LDOS	B	0.08%
	VRTX	D	0.08%
	GPN	D	0.08%
	TDG	B	0.08%
	RS	D	0.08%
	MRO	C	0.08%
	MAR	C	0.08%
	EMN	B	0.08%
	CME	C	0.08%
	THC	A	0.08%
	SWK	B	0.08%
	DVN	F	0.08%
	ROST	C	0.08%
	ARW	C	0.08%
	DG	F	0.08%
	DTE	C	0.08%
	WEC	C	0.08%
	OGN	D	0.07%
	FAST	C	0.07%
	FNF	B	0.07%
	AEE	C	0.07%
	KSS	F	0.07%
	RSG	D	0.07%
	PKG	B	0.07%
	CINF	B	0.07%
	USFD	B	0.07%
	EVRG	B	0.07%
	AVT	C	0.07%
	CAH	C	0.07%
	MHK	C	0.07%
	X	F	0.07%
	AVB	B	0.06%
	CDW	D	0.06%
	MAS	B	0.06%
	CE	F	0.06%
	CNP	C	0.06%
	TOL	B	0.06%
	WAB	B	0.06%
	WBD	D	0.06%
	EQR	B	0.06%
	CF	C	0.06%
	CMA	B	0.06%
	VFC	C	0.06%
	TXT	D	0.06%
	PSA	B	0.06%
	WHR	D	0.06%
	R	A	0.06%
	HWM	B	0.06%
	AES	C	0.06%
	MSI	B	0.06%
	AFG	B	0.05%
	GRMN	D	0.05%
	AA	D	0.05%
	FANG	D	0.05%
	GPI	B	0.05%
	INGR	B	0.05%
	VNO	B	0.05%
	AME	C	0.05%
	SIRI	C	0.05%
	GEV	B	0.05%
	TER	D	0.05%
	SFM	B	0.05%
	TAP	D	0.05%
	BWA	D	0.05%
	CSL	B	0.05%
	ORI	B	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	OTIS	C	0.05%
	UNM	B	0.05%
	DXC	C	0.05%
	CCL	C	0.05%
	QRVO	F	0.05%
	JBL	D	0.05%
	SWKS	D	0.05%
	AN	D	0.05%
	MAN	C	0.05%
	ZION	D	0.05%
	CPAY	B	0.05%
	L	C	0.05%
	OMF	D	0.05%
	PFGC	B	0.05%
	LAD	D	0.05%
	MGM	F	0.05%
	ROP	C	0.05%
	M	F	0.05%
	AJG	D	0.05%
	MCHP	F	0.05%
	LEA	F	0.05%
	FLEX	C	0.05%
	JEF	B	0.05%
	LNC	D	0.05%
	CASY	D	0.05%
	MOS	F	0.05%
	J	C	0.05%
	ZBRA	B	0.04%
	ESS	B	0.04%
	HAS	B	0.04%
	RPM	B	0.04%
	MTH	A	0.04%
	ANET	B	0.04%
	WRB	C	0.04%
	SLM	D	0.04%
	AYI	B	0.04%
	UBER	C	0.04%
	MAA	B	0.04%
	CNO	B	0.04%
	BAH	C	0.04%
	CMG	C	0.04%
	BAP	B	0.04%
	EL	F	0.04%
	EFX	B	0.04%
	TMHC	A	0.04%
	ON	D	0.04%
	WU	F	0.04%
	THO	D	0.04%
	BLDR	C	0.04%
	SSNC	B	0.04%
	JXN	A	0.04%
	EXR	B	0.04%
	TPR	C	0.04%
	RMD	C	0.04%
	CCK	A	0.04%
	MRNA	F	0.04%
	FYBR	C	0.04%
	HST	C	0.04%
	DOX	C	0.04%
	PVH	F	0.04%
	MNST	D	0.04%
	EVR	A	0.04%
	GAP	F	0.04%
	NWSA	D	0.04%
	VMC	D	0.04%
	BERY	B	0.04%
	HSY	C	0.04%
	VRSK	D	0.04%
	RGA	C	0.04%
	O	C	0.04%
	ACM	B	0.04%
	LNT	B	0.04%
	ALSN	B	0.04%
	FAF	B	0.04%
	IVZ	B	0.04%
	ZIM	C	0.04%
	SNA	C	0.04%
	HES	F	0.04%
	HII	D	0.04%
	DLTR	F	0.04%
	TDS	C	0.04%
	PNW	C	0.04%
	MKL	C	0.04%
	OVV	F	0.04%
	UGI	C	0.04%
	AOS	D	0.03%
	SKX	D	0.03%
	AAP	F	0.03%
	BRO	C	0.03%
	REG	C	0.03%
	CG	D	0.03%
	ITT	B	0.03%
	CPRI	D	0.03%
	MTG	B	0.03%
	GDDY	C	0.03%
	CW	B	0.03%
	CIEN	C	0.03%
	BC	C	0.03%
	FLR	D	0.03%
	ILMN	C	0.03%
	UDR	C	0.03%
	GNTX	F	0.03%
	EWBC	D	0.03%
	CLF	F	0.03%
	SCI	B	0.03%
	SON	C	0.03%
	EG	C	0.03%
	SAIC	C	0.03%
	FTNT	C	0.03%
	SUI	B	0.03%
	JHG	B	0.03%
	CMC	D	0.03%
	FHN	D	0.03%
	AER	B	0.03%
	SWN	D	0.03%
	BPOP	C	0.03%
	RRX	C	0.03%
	PBF	F	0.03%
	AGCO	D	0.03%
	EXPE	C	0.03%
	PCG	C	0.03%
	MSCI	C	0.03%
	NWL	C	0.03%
	VOYA	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	KVUE	C	0.03%
	RL	C	0.03%
	INVH	C	0.03%
	CRBG	D	0.03%
	OLN	D	0.03%
	CHKP	B	0.03%
	MLI	A	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LVS	D	0.03%
	FFIV	B	0.03%
	GNW	B	0.03%
	TPH	C	0.03%
	APO	C	0.03%
	MTZ	B	0.03%
	KIM	C	0.03%
	OGE	C	0.03%
	WCC	D	0.03%
	ARMK	B	0.03%
	GL	C	0.03%
	NXST	D	0.03%
	KBH	A	0.03%
	SANM	D	0.03%
	RHI	D	0.03%
	CCEP	B	0.03%
	ARE	C	0.03%
	HBI	B	0.03%
	CACI	B	0.03%
	WSO	C	0.03%
	BCC	B	0.03%
	UFPI	C	0.03%
	GPK	B	0.03%
	OSK	F	0.03%
	HUBB	B	0.03%
	FL	D	0.03%
	EQT	D	0.03%
	HUN	D	0.03%
	LPX	B	0.03%
	AMG	C	0.03%
	EPAM	F	0.02%
	OI	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	MIDD	D	0.02%
	WLK	D	0.02%
	CNX	B	0.02%
	FTI	D	0.02%
	CAR	F	0.02%
	GXO	D	0.02%
	AMCR	B	0.02%
	BECN	D	0.02%
	LECO	F	0.02%
	SM	F	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	D	0.02%
	TKR	D	0.02%
	CYH	B	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	FCNCA	D	0.02%
	CRI	D	0.02%
	GNRC	D	0.02%
	TPX	C	0.02%
	POR	C	0.02%
	ASGN	D	0.02%
	JWN	C	0.02%
	ALB	D	0.02%
	NDSN	C	0.02%
	MUR	F	0.02%
	UHAL	A	0.02%
	RUSHA	C	0.02%
	ASO	C	0.02%
	NFG	B	0.02%
	PAG	D	0.02%
	XRX	D	0.02%
	BTU	D	0.02%
	NVT	D	0.02%
	NAVI	C	0.02%
	HRB	C	0.02%
	QRTEA	F	0.02%
	WPC	C	0.02%
	ST	D	0.02%
	DCI	C	0.02%
	GLPI	C	0.02%
	MPW	C	0.02%
	STWD	B	0.02%
	AR	F	0.02%
	NOV	F	0.02%
	POST	C	0.02%
	AXTA	B	0.02%
	ABG	D	0.02%
	ATR	B	0.02%
	LUV	C	0.02%
	BJ	D	0.02%
	JKHY	B	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	C	0.02%
	CPRT	D	0.02%
	PK	D	0.02%
	PRI	B	0.02%
	SEIC	C	0.02%
	EXP	B	0.02%
	CPT	B	0.02%
	TDY	B	0.02%
	G	C	0.02%
	NSIT	D	0.02%
	VICI	C	0.02%
	BRX	B	0.02%
	EHC	C	0.02%
	SEE	D	0.02%
	ALV	F	0.02%
	SNV	C	0.02%
	LSTR	D	0.02%
	THG	B	0.02%
	LAMR	B	0.02%
	HOG	C	0.02%
	SNX	D	0.02%
	HTZ	F	0.01%
	ALK	C	0.01%
	CNXC	F	0.01%
	COHR	C	0.01%
	MATX	B	0.01%
	DELL	D	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	D	0.01%
	CRL	F	0.01%
	VRSN	D	0.01%
	MSM	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	JAZZ	D	0.01%
	VAC	F	0.01%
	CHE	C	0.01%
	MMS	C	0.01%
	AEO	F	0.01%
	ADNT	F	0.01%
	TNL	D	0.01%
	MTN	D	0.01%
	LILAK	D	0.01%
	CTRA	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%
	AAL	D	0.0%

FNDX Underweight 24 Positions Relative to USSG

	Symbol	Grade	Weight
	MELI	B	-0.36%
	WDAY	D	-0.21%
	FICO	B	-0.18%
	RCL	B	-0.15%
	DASH	C	-0.15%
	AXON	B	-0.11%
	TEAM	D	-0.1%
	VLTO	C	-0.1%
	DXCM	F	-0.1%
	HUBS	D	-0.09%
	PTC	D	-0.08%
	ZS	F	-0.06%
	MANH	B	-0.06%
	PODD	B	-0.06%
	FDS	C	-0.06%
	NBIX	F	-0.05%
	DOCU	C	-0.05%
	TECH	C	-0.05%
	ENPH	D	-0.05%
	RIVN	F	-0.04%
	MKTX	C	-0.04%
	TWLO	D	-0.04%
	DAY	D	-0.03%
	FOX	B	-0.02%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric Oil & Gas E&P Business Services Specialty Retail Banks - Regional - US Information Technology Services Semiconductors Software - Application Specialty Chemicals Packaged Foods Packaging & Containers Credit Services Diagnostics & Research Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Electricity Chemical Electronics Mining Aerospace Bank Dow Jones Component Banking Telecommunications Real Estate Investment Trust Semiconductor Transport Insurance Products Medicine Retailing

USSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Specialty Retail Capital Markets Diagnostics & Research Packaged Foods Asset Management Banks - Regional - US Business Services Credit Services Drug Manufacturers - Major Semiconductors Specialty Chemicals Household & Personal Products Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Medical Instruments & Supplies Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Natural Gas Chemical Bank Banking Beverage Electronics Investment Bank Medicine Mining Telecommunications Cloud Computing Disability Electricity Financial Products Insurance Products