FNDX vs. VALQ ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to American Century STOXX U.S. Quality Value ETF (VALQ)

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

$71.03

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$61.38

Average Daily Volume

7,118

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VALQ
30 Days	3.09%	3.66%
60 Days	4.23%	6.32%
90 Days	6.97%	7.44%
12 Months	26.34%	26.30%

195 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in VALQ	Overlap
	AAPL	C	4.51%	2.7%	2.7%
	ABBV	C	0.6%	2.09%	0.6%
	ADBE	F	0.22%	0.1%	0.1%
	ADSK	C	0.03%	0.18%	0.03%
	AIZ	B	0.03%	0.09%	0.03%
	AKAM	D	0.03%	0.08%	0.03%
	ALL	B	0.29%	0.09%	0.09%
	ALLE	B	0.02%	0.57%	0.02%
	ALLY	F	0.1%	0.07%	0.07%
	ALSN	B	0.04%	0.11%	0.04%
	AMAT	D	0.25%	0.08%	0.08%
	AMCR	B	0.02%	0.36%	0.02%
	AMG	C	0.03%	0.09%	0.03%
	AMZN	C	1.42%	2.01%	1.42%
	AN	D	0.05%	0.08%	0.05%
	AOS	D	0.03%	0.08%	0.03%
	APH	D	0.09%	1.57%	0.09%
	ARW	C	0.08%	0.36%	0.08%
	AVGO	C	0.68%	0.08%	0.08%
	AXTA	B	0.02%	0.09%	0.02%
	AYI	B	0.04%	0.41%	0.04%
	BBY	C	0.19%	1.25%	0.19%
	BERY	B	0.04%	0.09%	0.04%
	BK	B	0.26%	0.09%	0.09%
	BKNG	C	0.2%	0.09%	0.09%
	BMY	C	0.35%	0.73%	0.35%
	BRK.A	C	2.29%	0.09%	0.09%
	BWA	D	0.05%	0.08%	0.05%
	CACI	B	0.03%	0.09%	0.03%
	CAG	C	0.07%	0.1%	0.07%
	CAH	C	0.07%	0.84%	0.07%
	CAT	B	0.39%	0.19%	0.19%
	CCK	A	0.04%	0.09%	0.04%
	CHTR	D	0.32%	0.08%	0.08%
	CI	C	0.55%	0.77%	0.55%
	CL	D	0.16%	2.12%	0.16%
	CLX	C	0.04%	1.66%	0.04%
	CMC	D	0.03%	0.08%	0.03%
	CMCSA	D	0.75%	2.21%	0.75%
	CNC	D	0.25%	0.08%	0.08%
	CPB	C	0.04%	0.09%	0.04%
	CSCO	C	0.73%	0.64%	0.64%
	CSL	B	0.05%	0.08%	0.05%
	CTAS	B	0.09%	1.84%	0.09%
	CTSH	C	0.18%	0.8%	0.18%
	DBX	D	0.01%	0.34%	0.01%
	DCI	C	0.02%	0.59%	0.02%
	DGX	B	0.07%	0.09%	0.07%
	DKS	D	0.05%	0.13%	0.05%
	DOX	C	0.04%	0.72%	0.04%
	DPZ	F	0.04%	0.16%	0.04%
	DVA	B	0.07%	0.2%	0.07%
	EA	D	0.08%	0.09%	0.08%
	EBAY	B	0.19%	1.94%	0.19%
	ECL	B	0.09%	0.48%	0.09%
	EG	C	0.03%	0.09%	0.03%
	EHC	C	0.02%	0.09%	0.02%
	ELV	C	0.5%	0.09%	0.09%
	EME	B	0.06%	0.11%	0.06%
	EPAM	F	0.02%	0.09%	0.02%
	ETN	C	0.21%	1.59%	0.21%
	EVR	A	0.04%	0.08%	0.04%
	EXPD	C	0.02%	0.09%	0.02%
	EXPE	C	0.03%	0.1%	0.03%
	FDX	C	0.32%	0.1%	0.1%
	FFIV	B	0.03%	0.45%	0.03%
	FIS	B	0.13%	0.09%	0.09%
	FLO	C	0.02%	0.26%	0.02%
	FOXA	B	0.09%	0.09%	0.09%
	FTNT	C	0.03%	0.09%	0.03%
	G	C	0.02%	0.35%	0.02%
	GAP	F	0.04%	0.14%	0.04%
	GDDY	C	0.03%	0.08%	0.03%
	GILD	B	0.35%	0.1%	0.1%
	GIS	B	0.13%	0.09%	0.09%
	GL	C	0.03%	0.11%	0.03%
	GM	C	0.69%	0.08%	0.08%
	GOOGL	D	1.22%	0.55%	0.55%
	GPC	D	0.05%	1.09%	0.05%
	GWW	B	0.07%	0.28%	0.07%
	HD	B	0.78%	1.9%	0.78%
	HIG	B	0.15%	0.1%	0.1%
	HPE	D	0.18%	0.07%	0.07%
	HPQ	D	0.2%	1.68%	0.2%
	HRB	C	0.02%	0.61%	0.02%
	HUBB	B	0.03%	0.38%	0.03%
	IBM	B	0.61%	2.13%	0.61%
	IDXX	C	0.03%	0.17%	0.03%
	INGR	B	0.05%	1.87%	0.05%
	IQV	C	0.08%	0.08%	0.08%
	ITW	C	0.15%	0.89%	0.15%
	IVZ	B	0.04%	0.61%	0.04%
	JAZZ	D	0.01%	0.08%	0.01%
	JBL	D	0.05%	0.24%	0.05%
	JEF	B	0.05%	0.16%	0.05%
	JKHY	B	0.02%	0.09%	0.02%
	JLL	B	0.09%	1.5%	0.09%
	JNJ	C	1.0%	0.09%	0.09%
	K	B	0.07%	0.09%	0.07%
	KBH	A	0.03%	0.08%	0.03%
	KEYS	C	0.03%	0.09%	0.03%
	KLAC	D	0.1%	0.08%	0.08%
	KMB	D	0.11%	2.26%	0.11%
	KO	C	0.43%	2.03%	0.43%
	KR	C	0.3%	0.21%	0.21%
	L	C	0.05%	0.09%	0.05%
	LAMR	B	0.02%	0.17%	0.02%
	LDOS	B	0.08%	0.09%	0.08%
	LECO	F	0.02%	0.77%	0.02%
	LEN	B	0.19%	0.19%	0.19%
	LMT	C	0.4%	0.1%	0.1%
	LRCX	F	0.16%	0.08%	0.08%
	LYB	D	0.16%	1.38%	0.16%
	MAS	B	0.06%	1.28%	0.06%
	MCK	F	0.1%	0.08%	0.08%
	META	B	1.85%	0.09%	0.09%
	MHK	C	0.07%	0.08%	0.07%
	MLI	A	0.03%	0.08%	0.03%
	MMM	B	0.4%	0.11%	0.11%
	MMS	C	0.01%	0.08%	0.01%
	MO	C	0.39%	0.58%	0.39%
	MPC	F	0.41%	0.24%	0.24%
	MSFT	C	2.54%	0.27%	0.27%
	MSI	B	0.06%	2.11%	0.06%
	MSM	D	0.01%	0.08%	0.01%
	MTD	D	0.04%	1.05%	0.04%
	MTG	B	0.03%	0.45%	0.03%
	NFLX	B	0.15%	1.7%	0.15%
	NSIT	D	0.02%	0.25%	0.02%
	NTAP	D	0.08%	0.42%	0.08%
	NTRS	A	0.07%	0.09%	0.07%
	NVR	B	0.08%	0.09%	0.08%
	NVT	D	0.02%	0.61%	0.02%
	NXST	D	0.03%	0.08%	0.03%
	OC	D	0.06%	0.99%	0.06%
	OMC	B	0.08%	0.09%	0.08%
	OMF	D	0.05%	0.08%	0.05%
	ORI	B	0.05%	0.18%	0.05%
	OTIS	C	0.05%	1.02%	0.05%
	PARA	F	0.09%	0.08%	0.08%
	PG	C	0.84%	1.21%	0.84%
	PGR	B	0.26%	0.09%	0.09%
	PH	B	0.12%	0.23%	0.12%
	PHM	B	0.13%	0.09%	0.09%
	PKG	B	0.07%	0.09%	0.07%
	POST	C	0.02%	0.09%	0.02%
	PPG	D	0.08%	0.16%	0.08%
	PVH	F	0.04%	0.08%	0.04%
	PYPL	B	0.19%	0.68%	0.19%
	QCOM	D	0.47%	0.54%	0.47%
	QRVO	F	0.05%	0.08%	0.05%
	RGA	C	0.04%	0.09%	0.04%
	RHI	D	0.03%	0.09%	0.03%
	RL	C	0.03%	0.09%	0.03%
	RMD	C	0.04%	0.1%	0.04%
	ROST	C	0.08%	0.17%	0.08%
	SAIC	C	0.03%	0.09%	0.03%
	SEIC	C	0.02%	0.66%	0.02%
	SFM	B	0.05%	0.78%	0.05%
	SHW	B	0.09%	0.34%	0.09%
	SKX	D	0.03%	0.08%	0.03%
	SM	F	0.02%	0.28%	0.02%
	SNA	C	0.04%	0.09%	0.04%
	SPG	B	0.11%	1.73%	0.11%
	SSNC	B	0.04%	0.09%	0.04%
	STLD	F	0.09%	0.08%	0.08%
	STT	A	0.09%	0.09%	0.09%
	SWK	B	0.08%	0.09%	0.08%
	SWKS	D	0.05%	0.11%	0.05%
	SYF	C	0.27%	0.09%	0.09%
	SYY	D	0.1%	0.17%	0.1%
	TAP	D	0.05%	0.09%	0.05%
	TEL	D	0.11%	2.59%	0.11%
	TER	D	0.05%	0.08%	0.05%
	TGT	C	0.37%	1.51%	0.37%
	THC	A	0.08%	0.1%	0.08%
	TJX	B	0.24%	0.18%	0.18%
	TKR	D	0.02%	0.08%	0.02%
	TMHC	A	0.04%	0.08%	0.04%
	TOL	B	0.06%	1.04%	0.06%
	TPR	C	0.04%	0.69%	0.04%
	TRMB	C	0.03%	0.09%	0.03%
	TROW	D	0.11%	0.08%	0.08%
	TSN	C	0.2%	0.09%	0.09%
	TT	B	0.09%	0.23%	0.09%
	TXN	C	0.34%	1.53%	0.34%
	TXT	D	0.06%	0.09%	0.06%
	UBER	C	0.04%	1.23%	0.04%
	UHS	B	0.1%	0.22%	0.1%
	UNM	B	0.05%	0.09%	0.05%
	USFD	B	0.07%	0.09%	0.07%
	VLO	F	0.38%	0.08%	0.08%
	VRSN	D	0.01%	0.09%	0.01%
	WMT	C	1.51%	2.17%	1.51%
	WSM	D	0.05%	0.31%	0.05%

FNDX Overweight 523 Positions Relative to VALQ

	Symbol	Grade	Weight
	JPM	D	1.94%
	XOM	C	1.92%
	T	C	1.37%
	VZ	B	1.32%
	UNH	C	1.25%
	BAC	D	1.22%
	CVX	D	1.07%
	GOOG	D	1.06%
	WFC	D	1.06%
	C	C	1.04%
	PFE	C	0.75%
	COST	B	0.73%
	CVS	D	0.68%
	INTC	F	0.6%
	LUMN	C	0.57%
	GS	C	0.56%
	PM	C	0.51%
	MRK	D	0.51%
	AMGN	B	0.48%
	ORCL	C	0.47%
	PEP	C	0.45%
	LOW	B	0.42%
	COP	D	0.42%
	UNP	C	0.4%
	COF	B	0.39%
	NVDA	D	0.38%
	RTX	C	0.37%
	AXP	B	0.37%
	DIS	D	0.37%
	PSX	F	0.36%
	V	C	0.35%
	MS	D	0.35%
	LIN	B	0.35%
	MU	F	0.35%
	DUK	C	0.34%
	ACN	C	0.34%
	MCD	B	0.34%
	ABT	C	0.34%
	HON	D	0.34%
	F	F	0.31%
	TRV	C	0.3%
	USB	B	0.3%
	SO	B	0.29%
	PNC	B	0.29%
	NEE	C	0.29%
	CB	B	0.29%
	TMO	B	0.29%
	AIG	D	0.28%
	MA	B	0.28%
	LLY	C	0.27%
	MDT	C	0.27%
	SBUX	C	0.27%
	BLK	B	0.26%
	MET	B	0.26%
	HCA	B	0.25%
	UPS	D	0.25%
	TMUS	C	0.24%
	AFL	C	0.23%
	MDLZ	B	0.23%
	GD	B	0.23%
	PRU	C	0.23%
	DE	B	0.22%
	ADM	D	0.22%
	TFC	C	0.22%
	HUM	F	0.21%
	NSC	C	0.21%
	DFS	B	0.21%
	CSX	D	0.21%
	NOC	B	0.21%
	DOW	D	0.2%
	DHI	B	0.2%
	EOG	D	0.2%
	TSLA	C	0.19%
	D	C	0.19%
	KMI	B	0.19%
	NEM	B	0.19%
	GE	B	0.18%
	NUE	F	0.18%
	EXC	C	0.18%
	DD	B	0.18%
	NKE	D	0.18%
	AEP	C	0.18%
	DHR	B	0.17%
	CMI	C	0.17%
	LHX	C	0.16%
	REGN	C	0.16%
	ADP	B	0.15%
	EMR	D	0.15%
	WMB	B	0.15%
	JCI	B	0.15%
	MMC	C	0.15%
	SPGI	B	0.15%
	WM	D	0.15%
	IP	B	0.15%
	WBA	F	0.14%
	GLW	C	0.14%
	BKR	C	0.14%
	BA	F	0.14%
	AMT	C	0.14%
	AON	B	0.13%
	OKE	B	0.13%
	FITB	B	0.13%
	ICE	C	0.13%
	PCAR	D	0.13%
	SYK	C	0.13%
	CARR	B	0.13%
	ED	C	0.13%
	ADI	C	0.13%
	WDC	D	0.13%
	FCX	D	0.13%
	XEL	B	0.12%
	CRM	D	0.12%
	SRE	C	0.12%
	AMP	A	0.12%
	URI	B	0.12%
	CBRE	A	0.12%
	NRG	C	0.11%
	BG	D	0.11%
	INTU	C	0.11%
	ETR	B	0.11%
	EIX	C	0.11%
	KHC	C	0.11%
	SW	B	0.11%
	CCI	C	0.11%
	OXY	F	0.11%
	SLB	F	0.11%
	WELL	C	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%
	APD	B	0.11%
	KEY	B	0.1%
	VTRS	D	0.1%
	CEG	C	0.1%
	STX	C	0.1%
	SCHW	D	0.1%
	CFG	C	0.1%
	FE	C	0.1%
	ORLY	C	0.1%
	BIIB	F	0.1%
	BAX	C	0.09%
	CTVA	B	0.09%
	ISRG	B	0.09%
	ES	C	0.09%
	VTR	C	0.09%
	WY	C	0.09%
	BSX	B	0.09%
	AMD	D	0.09%
	MTB	B	0.09%
	STZ	D	0.08%
	IRM	C	0.08%
	RF	B	0.08%
	NXPI	F	0.08%
	VRTX	D	0.08%
	GPN	D	0.08%
	TDG	B	0.08%
	RS	D	0.08%
	MCO	B	0.08%
	MRO	C	0.08%
	MAR	C	0.08%
	EMN	B	0.08%
	DLR	B	0.08%
	CME	C	0.08%
	YUM	D	0.08%
	ZTS	C	0.08%
	DVN	F	0.08%
	PLD	C	0.08%
	KDP	B	0.08%
	PFG	B	0.08%
	DG	F	0.08%
	EQIX	C	0.08%
	DTE	C	0.08%
	WEC	C	0.08%
	HBAN	B	0.07%
	OGN	D	0.07%
	KMX	D	0.07%
	FAST	C	0.07%
	FNF	B	0.07%
	AEE	C	0.07%
	WTW	C	0.07%
	KSS	F	0.07%
	RSG	D	0.07%
	GEHC	C	0.07%
	CINF	B	0.07%
	EVRG	B	0.07%
	AVT	C	0.07%
	CHRW	B	0.07%
	X	F	0.07%
	AVB	B	0.06%
	CDW	D	0.06%
	CE	F	0.06%
	CNP	C	0.06%
	HLT	B	0.06%
	HAL	F	0.06%
	WAB	B	0.06%
	SJM	C	0.06%
	WBD	D	0.06%
	EQR	B	0.06%
	CF	C	0.06%
	CMA	B	0.06%
	VFC	C	0.06%
	A	C	0.06%
	IFF	B	0.06%
	TSCO	C	0.06%
	TRGP	B	0.06%
	PAYX	C	0.06%
	AZO	D	0.06%
	PSA	B	0.06%
	DOV	B	0.06%
	WHR	D	0.06%
	R	A	0.06%
	HWM	B	0.06%
	CMS	C	0.06%
	AES	C	0.06%
	BALL	C	0.06%
	PWR	B	0.06%
	AFG	B	0.05%
	GRMN	D	0.05%
	ZBH	F	0.05%
	AA	D	0.05%
	EQH	C	0.05%
	FANG	D	0.05%
	GPI	B	0.05%
	DRI	B	0.05%
	VNO	B	0.05%
	NI	B	0.05%
	AME	C	0.05%
	ACGL	C	0.05%
	SIRI	C	0.05%
	GEV	B	0.05%
	AWK	B	0.05%
	ODFL	D	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	DINO	F	0.05%
	DXC	C	0.05%
	CCL	C	0.05%
	MAN	C	0.05%
	ZION	D	0.05%
	CPAY	B	0.05%
	LKQ	F	0.05%
	MOH	D	0.05%
	LNG	C	0.05%
	PFGC	B	0.05%
	LAD	D	0.05%
	ROK	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%
	BXP	B	0.05%
	LNC	D	0.05%
	CASY	D	0.05%
	MOS	F	0.05%
	JNPR	B	0.05%
	J	C	0.05%
	ZBRA	B	0.04%
	ESS	B	0.04%
	BR	D	0.04%
	HAS	B	0.04%
	RPM	B	0.04%
	PNR	B	0.04%
	MTH	A	0.04%
	ANET	B	0.04%
	WRB	C	0.04%
	SLM	D	0.04%
	MAA	B	0.04%
	CNO	B	0.04%
	WAT	C	0.04%
	BAH	C	0.04%
	CMG	C	0.04%
	BAP	B	0.04%
	MRVL	C	0.04%
	EL	F	0.04%
	EW	F	0.04%
	EFX	B	0.04%
	ON	D	0.04%
	XYL	C	0.04%
	WU	F	0.04%
	THO	D	0.04%
	BLDR	C	0.04%
	JXN	A	0.04%
	EXR	B	0.04%
	IPG	C	0.04%
	MKC	C	0.04%
	MRNA	F	0.04%
	FYBR	C	0.04%
	HST	C	0.04%
	BEN	F	0.04%
	ATO	B	0.04%
	KNX	C	0.04%
	MNST	D	0.04%
	DOC	C	0.04%
	RJF	C	0.04%
	SOLV	C	0.04%
	NWSA	D	0.04%
	VMC	D	0.04%
	HSIC	C	0.04%
	MLM	D	0.04%
	AVY	C	0.04%
	JBHT	D	0.04%
	CHD	D	0.04%
	HSY	C	0.04%
	VRSK	D	0.04%
	O	C	0.04%
	APTV	D	0.04%
	ACM	B	0.04%
	LNT	B	0.04%
	FAF	B	0.04%
	ZIM	C	0.04%
	HOLX	B	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%
	AAP	F	0.03%
	BRO	C	0.03%
	REG	C	0.03%
	CG	D	0.03%
	ITT	B	0.03%
	CPRI	D	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%
	LPLA	D	0.03%
	AVTR	B	0.03%
	SUI	B	0.03%
	JHG	B	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%
	PCG	C	0.03%
	MSCI	C	0.03%
	NWL	C	0.03%
	VOYA	B	0.03%
	TRU	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	ULTA	D	0.03%
	KVUE	C	0.03%
	INVH	C	0.03%
	CRBG	D	0.03%
	OLN	D	0.03%
	SNPS	D	0.03%
	CHKP	B	0.03%
	IR	C	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	CDNS	D	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%
	SANM	D	0.03%
	DECK	C	0.03%
	PANW	D	0.03%
	NDAQ	A	0.03%
	STE	C	0.03%
	CCEP	B	0.03%
	ARE	C	0.03%
	BURL	B	0.03%
	FTV	C	0.03%
	HBI	B	0.03%
	WSO	C	0.03%
	IT	B	0.03%
	BCC	B	0.03%
	UFPI	C	0.03%
	HRL	C	0.03%
	GPK	B	0.03%
	OSK	F	0.03%
	FL	D	0.03%
	CNH	D	0.03%
	EQT	D	0.03%
	HUN	D	0.03%
	LPX	B	0.03%
	OI	D	0.02%
	WST	D	0.02%
	UNFI	C	0.02%
	CBOE	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%
	BECN	D	0.02%
	ICLR	D	0.02%
	WERN	D	0.02%
	CC	F	0.02%
	LULU	D	0.02%
	XRAY	D	0.02%
	PENN	D	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%
	CYH	B	0.02%
	ANSS	D	0.02%
	TTC	D	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	FSLR	C	0.02%
	FCNCA	D	0.02%
	ACI	F	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%
	GGG	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%
	POOL	C	0.02%
	NAVI	C	0.02%
	ALGN	D	0.02%
	QRTEA	F	0.02%
	WPC	C	0.02%
	ST	D	0.02%
	DAL	C	0.02%
	GLPI	C	0.02%
	MPW	C	0.02%
	SBAC	C	0.02%
	STWD	B	0.02%
	AR	F	0.02%
	NOV	F	0.02%
	TFX	C	0.02%
	ABG	D	0.02%
	ATR	B	0.02%
	IEX	D	0.02%
	LUV	C	0.02%
	BJ	D	0.02%
	ABM	D	0.02%
	PII	D	0.02%
	MDU	C	0.02%
	CTLT	B	0.02%
	CPRT	D	0.02%
	PK	D	0.02%
	BBWI	F	0.02%
	PRI	B	0.02%
	EXP	B	0.02%
	CPT	B	0.02%
	TDY	B	0.02%
	VICI	C	0.02%
	BRX	B	0.02%
	SEE	D	0.02%
	ALV	F	0.02%
	SNV	C	0.02%
	LSTR	D	0.02%
	THG	B	0.02%
	TTWO	C	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%
	CRL	F	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	WTRG	D	0.01%
	VAC	F	0.01%
	CHE	C	0.01%
	LW	D	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%
	NOW	B	0.01%
	BIG	F	0.0%
	AAL	D	0.0%

FNDX Underweight 46 Positions Relative to VALQ

	Symbol	Grade	Weight
	VLTO	C	-1.76%
	REYN	C	-0.56%
	NYT	C	-0.54%
	CBT	B	-0.41%
	AZEK	C	-0.32%
	ZM	C	-0.32%
	FLS	D	-0.3%
	NOVT	D	-0.3%
	NEU	D	-0.26%
	QLYS	F	-0.24%
	DOCU	C	-0.24%
	CRUS	D	-0.24%
	COLM	C	-0.21%
	FICO	B	-0.2%
	BRBR	C	-0.17%
	WING	B	-0.16%
	LFUS	C	-0.15%
	AMKR	F	-0.15%
	CR	C	-0.15%
	ANF	D	-0.14%
	DDS	F	-0.13%
	UTHR	C	-0.13%
	EXEL	C	-0.11%
	AXS	B	-0.1%
	APP	C	-0.09%
	BMI	A	-0.09%
	IGT	D	-0.09%
	DLB	D	-0.09%
	FIZZ	D	-0.09%
	INCY	C	-0.09%
	MANH	B	-0.09%
	BYD	C	-0.09%
	INFA	D	-0.09%
	PEGA	C	-0.09%
	WTS	C	-0.09%
	ALKS	C	-0.09%
	CROX	D	-0.08%
	EEFT	D	-0.08%
	VMI	D	-0.08%
	ADTN	D	-0.08%
	TWLO	D	-0.08%
	COKE	C	-0.08%
	TXRH	C	-0.08%
	MAT	C	-0.08%
	AIT	A	-0.08%
	MEDP	F	-0.07%

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

VALQ: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diversified Industrials Packaged Foods Information Technology Services Semiconductors Software - Infrastructure Specialty Chemicals Business Services Residential Construction Specialty Retail Biotechnology Diagnostics & Research Electronic Components Packaging & Containers Apparel Stores Communication Equipment Drug Manufacturers - Major Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Insurance Telecommunications Aerospace Electronics Mobile Devices Dow Jones Component Work From Home Clothing Mining Chemical Semiconductor Insurance Products Retail Store Beverage E-Commerce Health Insurance Integrated Circuits