FNDX vs. VB ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Small-Cap ETF (VB)

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

VB

Vanguard Small-Cap ETF

VB Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$237.72

Average Daily Volume

667,528

Number of Holdings ^*

486

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VB
30 Days	3.09%	4.90%
60 Days	4.23%	4.63%
90 Days	6.97%	9.36%
12 Months	26.34%	25.16%

229 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in VB	Overlap
AA	D	0.05%	0.1%	0.05%
AAL	D	0.0%	0.12%	0.0%
ABG	D	0.02%	0.09%	0.02%
ACI	F	0.02%	0.11%	0.02%
ACM	B	0.04%	0.21%	0.04%
AES	C	0.06%	0.11%	0.06%
AFG	B	0.05%	0.16%	0.05%
AGCO	D	0.03%	0.1%	0.03%
AIZ	B	0.03%	0.15%	0.03%
AL	D	0.02%	0.09%	0.02%
ALK	C	0.01%	0.08%	0.01%
ALLE	B	0.02%	0.2%	0.02%
ALLY	F	0.1%	0.21%	0.1%
ALSN	B	0.04%	0.13%	0.04%
AMG	C	0.03%	0.1%	0.03%
AN	D	0.05%	0.1%	0.05%
AOS	D	0.03%	0.17%	0.03%
APA	F	0.03%	0.19%	0.03%
AR	F	0.02%	0.14%	0.02%
ARMK	B	0.03%	0.15%	0.03%
ARW	C	0.08%	0.11%	0.08%
ATO	B	0.04%	0.32%	0.04%
ATR	B	0.02%	0.16%	0.02%
AVT	C	0.07%	0.08%	0.07%
AXTA	B	0.02%	0.13%	0.02%
AYI	B	0.04%	0.13%	0.04%
BAH	C	0.04%	0.31%	0.04%
BBWI	F	0.02%	0.14%	0.02%
BC	C	0.03%	0.09%	0.03%
BCC	B	0.03%	0.09%	0.03%
BECN	D	0.02%	0.11%	0.02%
BERY	B	0.04%	0.12%	0.04%
BG	D	0.11%	0.25%	0.11%
BJ	D	0.02%	0.19%	0.02%
BLD	D	0.01%	0.25%	0.01%
BLDR	C	0.04%	0.34%	0.04%
BPOP	C	0.03%	0.12%	0.03%
BRO	C	0.03%	0.19%	0.03%
BRX	B	0.02%	0.13%	0.02%
BWA	D	0.05%	0.13%	0.05%
BXP	B	0.05%	0.17%	0.05%
CACI	B	0.03%	0.17%	0.03%
CASY	D	0.05%	0.24%	0.05%
CCK	A	0.04%	0.18%	0.04%
CG	D	0.03%	0.19%	0.03%
CHE	C	0.01%	0.14%	0.01%
CHK	D	0.02%	0.16%	0.02%
CHRW	B	0.07%	0.17%	0.07%
CIEN	C	0.03%	0.13%	0.03%
CLF	F	0.03%	0.12%	0.03%
CMA	B	0.06%	0.12%	0.06%
CMC	D	0.03%	0.12%	0.03%
COHR	C	0.01%	0.18%	0.01%
CPT	B	0.02%	0.2%	0.02%
CRL	F	0.01%	0.21%	0.01%
CSL	B	0.05%	0.33%	0.05%
CTLT	B	0.02%	0.17%	0.02%
CW	B	0.03%	0.19%	0.03%
CZR	C	0.02%	0.14%	0.02%
DAR	F	0.02%	0.11%	0.02%
DBX	D	0.01%	0.09%	0.01%
DCI	C	0.02%	0.15%	0.02%
DECK	C	0.03%	0.39%	0.03%
DINO	F	0.05%	0.14%	0.05%
DKS	D	0.05%	0.2%	0.05%
DOC	C	0.04%	0.13%	0.04%
DVA	B	0.07%	0.11%	0.07%
EHC	C	0.02%	0.16%	0.02%
EME	B	0.06%	0.29%	0.06%
EMN	B	0.08%	0.2%	0.08%
EPAM	F	0.02%	0.1%	0.02%
EQH	C	0.05%	0.24%	0.05%
EQT	D	0.03%	0.17%	0.03%
EVR	A	0.04%	0.14%	0.04%
EVRG	B	0.07%	0.11%	0.07%
EWBC	D	0.03%	0.2%	0.03%
EXP	B	0.02%	0.15%	0.02%
FAF	B	0.04%	0.1%	0.04%
FCNCA	D	0.02%	0.38%	0.02%
FFIV	B	0.03%	0.2%	0.03%
FHN	D	0.03%	0.15%	0.03%
FLR	D	0.03%	0.14%	0.03%
FMC	C	0.03%	0.12%	0.03%
FTI	D	0.02%	0.2%	0.02%
FYBR	C	0.04%	0.12%	0.04%
G	C	0.02%	0.1%	0.02%
GAP	F	0.04%	0.1%	0.04%
GGG	C	0.02%	0.24%	0.02%
GL	C	0.03%	0.14%	0.03%
GLPI	C	0.02%	0.22%	0.02%
GNRC	D	0.02%	0.16%	0.02%
GNTX	F	0.03%	0.12%	0.03%
GPI	B	0.05%	0.08%	0.05%
GPK	B	0.03%	0.15%	0.03%
GXO	D	0.02%	0.11%	0.02%
HAS	B	0.04%	0.14%	0.04%
HII	D	0.04%	0.18%	0.04%
HOG	C	0.02%	0.08%	0.02%
HRB	C	0.02%	0.13%	0.02%
HSIC	C	0.04%	0.15%	0.04%
HST	C	0.04%	0.1%	0.04%
HUBB	B	0.03%	0.18%	0.03%
IEX	D	0.02%	0.26%	0.02%
INGR	B	0.05%	0.14%	0.05%
IPG	C	0.04%	0.2%	0.04%
ITT	B	0.03%	0.19%	0.03%
IVZ	B	0.04%	0.12%	0.04%
JAZZ	D	0.01%	0.11%	0.01%
JBL	D	0.05%	0.22%	0.05%
JEF	B	0.05%	0.14%	0.05%
JHG	B	0.03%	0.08%	0.03%
JKHY	B	0.02%	0.21%	0.02%
JLL	B	0.09%	0.2%	0.09%
JNPR	B	0.05%	0.2%	0.05%
JXN	A	0.04%	0.11%	0.04%
KBH	A	0.03%	0.09%	0.03%
KBR	D	0.02%	0.15%	0.02%
KD	D	0.05%	0.1%	0.05%
KIM	C	0.03%	0.24%	0.03%
KMX	D	0.07%	0.22%	0.07%
KNX	C	0.04%	0.14%	0.04%
LAD	D	0.05%	0.13%	0.05%
LAMR	B	0.02%	0.18%	0.02%
LDOS	B	0.08%	0.16%	0.08%
LEA	F	0.05%	0.12%	0.05%
LECO	F	0.02%	0.19%	0.02%
LII	B	0.03%	0.31%	0.03%
LKQ	F	0.05%	0.09%	0.05%
LNC	D	0.05%	0.09%	0.05%
LPX	B	0.03%	0.11%	0.03%
LSTR	D	0.02%	0.11%	0.02%
M	F	0.05%	0.08%	0.05%
MDU	C	0.02%	0.09%	0.02%
MHK	C	0.07%	0.15%	0.07%
MIDD	D	0.02%	0.12%	0.02%
MKSI	F	0.02%	0.14%	0.02%
MLI	A	0.03%	0.13%	0.03%
MMS	C	0.01%	0.09%	0.01%
MOS	F	0.05%	0.16%	0.05%
MTG	B	0.03%	0.11%	0.03%
MTH	A	0.04%	0.12%	0.04%
MTN	D	0.01%	0.12%	0.01%
MTZ	B	0.03%	0.12%	0.03%
MUR	F	0.02%	0.1%	0.02%
MUSA	D	0.05%	0.16%	0.05%
NDSN	C	0.02%	0.22%	0.02%
NFG	B	0.02%	0.09%	0.02%
NI	B	0.05%	0.12%	0.05%
NOV	F	0.02%	0.14%	0.02%
NRG	C	0.11%	0.26%	0.11%
NSIT	D	0.02%	0.12%	0.02%
NVT	D	0.02%	0.2%	0.02%
NXST	D	0.03%	0.1%	0.03%
OC	D	0.06%	0.27%	0.06%
OGE	C	0.03%	0.13%	0.03%
OGN	D	0.07%	0.09%	0.07%
OLN	D	0.03%	0.09%	0.03%
OMF	D	0.05%	0.1%	0.05%
ORI	B	0.05%	0.14%	0.05%
OSK	F	0.03%	0.12%	0.03%
OVV	F	0.04%	0.21%	0.04%
PARA	F	0.09%	0.1%	0.09%
PFGC	B	0.05%	0.18%	0.05%
PII	D	0.02%	0.07%	0.02%
PNR	B	0.04%	0.24%	0.04%
PNW	C	0.04%	0.16%	0.04%
POOL	C	0.02%	0.11%	0.02%
POR	C	0.02%	0.08%	0.02%
POST	C	0.02%	0.09%	0.02%
PRI	B	0.02%	0.14%	0.02%
PVH	F	0.04%	0.1%	0.04%
QRVO	F	0.05%	0.19%	0.05%
R	A	0.06%	0.1%	0.06%
REG	C	0.03%	0.21%	0.03%
RGA	C	0.04%	0.25%	0.04%
RHI	D	0.03%	0.11%	0.03%
RL	C	0.03%	0.11%	0.03%
RPM	B	0.04%	0.26%	0.04%
RRX	C	0.03%	0.18%	0.03%
RS	D	0.08%	0.29%	0.08%
SAIC	C	0.03%	0.11%	0.03%
SCI	B	0.03%	0.18%	0.03%
SEE	D	0.02%	0.09%	0.02%
SEIC	C	0.02%	0.13%	0.02%
SFM	B	0.05%	0.17%	0.05%
SJM	C	0.06%	0.1%	0.06%
SKX	D	0.03%	0.14%	0.03%
SLG	B	0.03%	0.07%	0.03%
SLM	D	0.04%	0.08%	0.04%
SM	F	0.02%	0.09%	0.02%
SNV	C	0.02%	0.11%	0.02%
SNX	D	0.02%	0.13%	0.02%
SOLV	C	0.04%	0.14%	0.04%
SON	C	0.03%	0.09%	0.03%
ST	D	0.02%	0.1%	0.02%
STLD	F	0.09%	0.17%	0.09%
STWD	B	0.02%	0.1%	0.02%
SW	B	0.11%	0.39%	0.11%
SWN	D	0.03%	0.12%	0.03%
TAP	D	0.05%	0.16%	0.05%
TFX	C	0.02%	0.17%	0.02%
THC	A	0.08%	0.24%	0.08%
THG	B	0.02%	0.07%	0.02%
THO	D	0.04%	0.09%	0.04%
TKR	D	0.02%	0.09%	0.02%
TMHC	A	0.04%	0.11%	0.04%
TOL	B	0.06%	0.25%	0.06%
TPR	C	0.04%	0.15%	0.04%
TPX	C	0.02%	0.14%	0.02%
TRGP	B	0.06%	0.5%	0.06%
TTC	D	0.02%	0.17%	0.02%
UDR	C	0.03%	0.11%	0.03%
UFPI	C	0.03%	0.13%	0.03%
UGI	C	0.04%	0.09%	0.04%
UHAL	A	0.02%	0.1%	0.02%
UHS	B	0.1%	0.2%	0.1%
UNM	B	0.05%	0.15%	0.05%
USFD	B	0.07%	0.22%	0.07%
VFC	C	0.06%	0.1%	0.06%
VNO	B	0.05%	0.09%	0.05%
VOYA	B	0.03%	0.12%	0.03%
WCC	D	0.03%	0.15%	0.03%
WHR	D	0.06%	0.09%	0.06%
WSM	D	0.05%	0.33%	0.05%
WSO	C	0.03%	0.28%	0.03%
WTRG	D	0.01%	0.17%	0.01%
X	F	0.07%	0.14%	0.07%
XRAY	D	0.02%	0.09%	0.02%
ZION	D	0.05%	0.13%	0.05%

FNDX Overweight 489 Positions Relative to VB

Symbol	Grade	Weight
AAPL	C	4.51%
MSFT	C	2.54%
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%
VZ	B	1.32%
UNH	C	1.25%
GOOGL	D	1.22%
BAC	D	1.22%
CVX	D	1.07%
GOOG	D	1.06%
WFC	D	1.06%
C	C	1.04%
JNJ	C	1.0%
PG	C	0.84%
HD	B	0.78%
PFE	C	0.75%
CMCSA	D	0.75%
CSCO	C	0.73%
COST	B	0.73%
GM	C	0.69%
CVS	D	0.68%
AVGO	C	0.68%
IBM	B	0.61%
INTC	F	0.6%
ABBV	C	0.6%
LUMN	C	0.57%
GS	C	0.56%
CI	C	0.55%
PM	C	0.51%
MRK	D	0.51%
ELV	C	0.5%
AMGN	B	0.48%
QCOM	D	0.47%
ORCL	C	0.47%
PEP	C	0.45%
KO	C	0.43%
LOW	B	0.42%
COP	D	0.42%
MPC	F	0.41%
UNP	C	0.4%
MMM	B	0.4%
LMT	C	0.4%
MO	C	0.39%
COF	B	0.39%
CAT	B	0.39%
VLO	F	0.38%
NVDA	D	0.38%
RTX	C	0.37%
AXP	B	0.37%
DIS	D	0.37%
TGT	C	0.37%
PSX	F	0.36%
V	C	0.35%
MS	D	0.35%
GILD	B	0.35%
BMY	C	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%
TXN	C	0.34%
CHTR	D	0.32%
FDX	C	0.32%
F	F	0.31%
KR	C	0.3%
TRV	C	0.3%
USB	B	0.3%
SO	B	0.29%
PNC	B	0.29%
NEE	C	0.29%
CB	B	0.29%
ALL	B	0.29%
TMO	B	0.29%
AIG	D	0.28%
MA	B	0.28%
LLY	C	0.27%
SYF	C	0.27%
MDT	C	0.27%
SBUX	C	0.27%
BLK	B	0.26%
MET	B	0.26%
PGR	B	0.26%
BK	B	0.26%
CNC	D	0.25%
HCA	B	0.25%
AMAT	D	0.25%
UPS	D	0.25%
TMUS	C	0.24%
TJX	B	0.24%
AFL	C	0.23%
MDLZ	B	0.23%
GD	B	0.23%
PRU	C	0.23%
DE	B	0.22%
ADBE	F	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%
ETN	C	0.21%
NOC	B	0.21%
DOW	D	0.2%
DHI	B	0.2%
HPQ	D	0.2%
EOG	D	0.2%
BKNG	C	0.2%
TSN	C	0.2%
TSLA	C	0.19%
BBY	C	0.19%
PYPL	B	0.19%
LEN	B	0.19%
D	C	0.19%
KMI	B	0.19%
NEM	B	0.19%
EBAY	B	0.19%
GE	B	0.18%
NUE	F	0.18%
EXC	C	0.18%
DD	B	0.18%
HPE	D	0.18%
NKE	D	0.18%
CTSH	C	0.18%
AEP	C	0.18%
DHR	B	0.17%
CMI	C	0.17%
LYB	D	0.16%
LRCX	F	0.16%
LHX	C	0.16%
REGN	C	0.16%
CL	D	0.16%
ITW	C	0.15%
ADP	B	0.15%
EMR	D	0.15%
WMB	B	0.15%
NFLX	B	0.15%
JCI	B	0.15%
MMC	C	0.15%
SPGI	B	0.15%
WM	D	0.15%
IP	B	0.15%
HIG	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%
PHM	B	0.13%
SYK	C	0.13%
GIS	B	0.13%
CARR	B	0.13%
FIS	B	0.13%
ED	C	0.13%
ADI	C	0.13%
WDC	D	0.13%
FCX	D	0.13%
XEL	B	0.12%
PH	B	0.12%
CRM	D	0.12%
SRE	C	0.12%
AMP	A	0.12%
URI	B	0.12%
CBRE	A	0.12%
INTU	C	0.11%
ETR	B	0.11%
EIX	C	0.11%
KHC	C	0.11%
TEL	D	0.11%
SPG	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%
KMB	D	0.11%
PPL	C	0.11%
TROW	D	0.11%
PEG	B	0.11%
APD	B	0.11%
KEY	B	0.1%
VTRS	D	0.1%
MCK	F	0.1%
KLAC	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%
SYY	D	0.1%
BIIB	F	0.1%
BAX	C	0.09%
CTVA	B	0.09%
FOXA	B	0.09%
APH	D	0.09%
TT	B	0.09%
ISRG	B	0.09%
ES	C	0.09%
SHW	B	0.09%
CTAS	B	0.09%
VTR	C	0.09%
WY	C	0.09%
ECL	B	0.09%
BSX	B	0.09%
STT	A	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%
MCO	B	0.08%
MRO	C	0.08%
MAR	C	0.08%
OMC	B	0.08%
DLR	B	0.08%
CME	C	0.08%
YUM	D	0.08%
NTAP	D	0.08%
NVR	B	0.08%
SWK	B	0.08%
ZTS	C	0.08%
DVN	F	0.08%
PLD	C	0.08%
ROST	C	0.08%
KDP	B	0.08%
PFG	B	0.08%
PPG	D	0.08%
DG	F	0.08%
IQV	C	0.08%
EA	D	0.08%
EQIX	C	0.08%
DTE	C	0.08%
WEC	C	0.08%
HBAN	B	0.07%
FAST	C	0.07%
CAG	C	0.07%
FNF	B	0.07%
NTRS	A	0.07%
AEE	C	0.07%
WTW	C	0.07%
KSS	F	0.07%
RSG	D	0.07%
PKG	B	0.07%
GEHC	C	0.07%
K	B	0.07%
CINF	B	0.07%
CAH	C	0.07%
DGX	B	0.07%
GWW	B	0.07%
AVB	B	0.06%
CDW	D	0.06%
MAS	B	0.06%
CE	F	0.06%
CNP	C	0.06%
HLT	B	0.06%
HAL	F	0.06%
WAB	B	0.06%
WBD	D	0.06%
EQR	B	0.06%
CF	C	0.06%
A	C	0.06%
IFF	B	0.06%
TSCO	C	0.06%
PAYX	C	0.06%
AZO	D	0.06%
TXT	D	0.06%
PSA	B	0.06%
DOV	B	0.06%
HWM	B	0.06%
CMS	C	0.06%
BALL	C	0.06%
PWR	B	0.06%
MSI	B	0.06%
GRMN	D	0.05%
ZBH	F	0.05%
FANG	D	0.05%
DRI	B	0.05%
AME	C	0.05%
ACGL	C	0.05%
SIRI	C	0.05%
GEV	B	0.05%
TER	D	0.05%
AWK	B	0.05%
ODFL	D	0.05%
OTIS	C	0.05%
DXC	C	0.05%
CCL	C	0.05%
SWKS	D	0.05%
MAN	C	0.05%
CPAY	B	0.05%
L	C	0.05%
MOH	D	0.05%
LNG	C	0.05%
ROK	D	0.05%
MGM	F	0.05%
ROP	C	0.05%
AJG	D	0.05%
MCHP	F	0.05%
FLEX	C	0.05%
GPC	D	0.05%
J	C	0.05%
ZBRA	B	0.04%
ESS	B	0.04%
BR	D	0.04%
MTD	D	0.04%
DPZ	F	0.04%
CPB	C	0.04%
ANET	B	0.04%
WRB	C	0.04%
UBER	C	0.04%
MAA	B	0.04%
CNO	B	0.04%
WAT	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%
SSNC	B	0.04%
EXR	B	0.04%
RMD	C	0.04%
MKC	C	0.04%
MRNA	F	0.04%
DOX	C	0.04%
BEN	F	0.04%
CLX	C	0.04%
MNST	D	0.04%
RJF	C	0.04%
NWSA	D	0.04%
VMC	D	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%
LNT	B	0.04%
ZIM	C	0.04%
HOLX	B	0.04%
SNA	C	0.04%
HES	F	0.04%
DLTR	F	0.04%
TDS	C	0.04%
MKL	C	0.04%
AAP	F	0.03%
CPRI	D	0.03%
IDXX	C	0.03%
GDDY	C	0.03%
TRMB	C	0.03%
ILMN	C	0.03%
EG	C	0.03%
LPLA	D	0.03%
AVTR	B	0.03%
FTNT	C	0.03%
SUI	B	0.03%
AER	B	0.03%
PBF	F	0.03%
EXPE	C	0.03%
PCG	C	0.03%
MSCI	C	0.03%
NWL	C	0.03%
TRU	B	0.03%
GT	F	0.03%
ULTA	D	0.03%
KVUE	C	0.03%
INVH	C	0.03%
CRBG	D	0.03%
SNPS	D	0.03%
CHKP	B	0.03%
IR	C	0.03%
LVS	D	0.03%
ADSK	C	0.03%
CDNS	D	0.03%
GNW	B	0.03%
TPH	C	0.03%
APO	C	0.03%
SANM	D	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%
KEYS	C	0.03%
IT	B	0.03%
HRL	C	0.03%
FL	D	0.03%
CNH	D	0.03%
HUN	D	0.03%
AKAM	D	0.03%
OI	D	0.02%
WST	D	0.02%
UNFI	C	0.02%
CBOE	C	0.02%
WLK	D	0.02%
CNX	B	0.02%
CAR	F	0.02%
AMCR	B	0.02%
ICLR	D	0.02%
WERN	D	0.02%
CC	F	0.02%
LULU	D	0.02%
PENN	D	0.02%
FLO	C	0.02%
PRGO	D	0.02%
REZI	D	0.02%
SQ	D	0.02%
TGNA	D	0.02%
CYH	B	0.02%
ANSS	D	0.02%
HUBG	C	0.02%
FSLR	C	0.02%
CRI	D	0.02%
ASGN	D	0.02%
JWN	C	0.02%
ALB	D	0.02%
RUSHA	C	0.02%
ASO	C	0.02%
PAG	D	0.02%
XRX	D	0.02%
EXPD	C	0.02%
BTU	D	0.02%
NAVI	C	0.02%
ALGN	D	0.02%
QRTEA	F	0.02%
WPC	C	0.02%
DAL	C	0.02%
MPW	C	0.02%
SBAC	C	0.02%
LUV	C	0.02%
ABM	D	0.02%
CPRT	D	0.02%
PK	D	0.02%
TDY	B	0.02%
VICI	C	0.02%
ALV	F	0.02%
TTWO	C	0.02%
HTZ	F	0.01%
CNXC	F	0.01%
MATX	B	0.01%
DELL	D	0.01%
VSH	F	0.01%
ANDE	D	0.01%
VRSN	D	0.01%
MSM	D	0.01%
ARCH	F	0.01%
DK	F	0.01%
VAC	F	0.01%
LW	D	0.01%
AEO	F	0.01%
ADNT	F	0.01%
TNL	D	0.01%
LILAK	D	0.01%
CTRA	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%

FNDX Underweight 257 Positions Relative to VB

Symbol	Grade	Weight
AXON	B	-0.36%
PTC	D	-0.34%
PSTG	F	-0.31%
ENTG	F	-0.3%
DKNG	C	-0.27%
MANH	B	-0.26%
APP	C	-0.25%
NBIX	F	-0.24%
RBA	B	-0.24%
WMS	D	-0.23%
UTHR	C	-0.23%
CVNA	B	-0.23%
RIVN	F	-0.22%
HOOD	C	-0.22%
NTNX	C	-0.21%
DT	C	-0.21%
GWRE	A	-0.21%
XPO	D	-0.21%
MSTR	D	-0.21%
SRPT	D	-0.21%
TECH	C	-0.21%
INSM	D	-0.2%
FIX	B	-0.2%
NTRA	C	-0.2%
RNR	C	-0.2%
SAIA	D	-0.19%
AMH	C	-0.19%
ERIE	B	-0.19%
DOCU	C	-0.19%
TTEK	C	-0.19%
ELS	C	-0.19%
CLH	A	-0.19%
TXRH	C	-0.19%
TOST	C	-0.18%
CUBE	B	-0.18%
WING	B	-0.18%
FND	C	-0.17%
OLED	C	-0.17%
REXR	C	-0.17%
KNSL	C	-0.17%
MTCH	C	-0.17%
CHRD	F	-0.17%
CNM	F	-0.17%
APG	D	-0.16%
ESTC	F	-0.16%
ONTO	D	-0.16%
MEDP	F	-0.16%
CHDN	C	-0.16%
WWD	D	-0.16%
OWL	C	-0.16%
LNW	B	-0.16%
DAY	D	-0.15%
MORN	C	-0.15%
RGEN	F	-0.15%
OHI	B	-0.15%
EGP	B	-0.15%
RGLD	C	-0.15%
TREX	D	-0.15%
BWXT	D	-0.15%
TWLO	D	-0.15%
PR	F	-0.15%
ELF	F	-0.15%
FRT	C	-0.15%
GMED	D	-0.14%
NNN	C	-0.14%
PAYC	D	-0.14%
NYT	C	-0.14%
WAL	B	-0.14%
AIT	A	-0.14%
ATI	C	-0.14%
EXAS	C	-0.14%
MKTX	C	-0.14%
COLD	D	-0.14%
RBC	C	-0.14%
WBS	D	-0.14%
CGNX	F	-0.14%
WFRD	F	-0.14%
SF	A	-0.14%
TKO	B	-0.13%
ANF	D	-0.13%
SSB	B	-0.13%
CBSH	C	-0.13%
ETSY	F	-0.13%
CELH	F	-0.13%
WEX	C	-0.13%
PCVX	C	-0.13%
CROX	D	-0.13%
TPL	B	-0.13%
FCN	D	-0.13%
CR	C	-0.13%
LBRDK	F	-0.13%
WYNN	D	-0.13%
HLI	B	-0.13%
ITCI	D	-0.13%
NCLH	C	-0.13%
SPSC	D	-0.13%
FN	D	-0.13%
ENSG	B	-0.13%
SSD	D	-0.13%
MTDR	F	-0.12%
ADC	C	-0.12%
BFAM	C	-0.12%
CIVI	F	-0.12%
CRUS	D	-0.12%
HALO	C	-0.12%
MSA	D	-0.12%
PNFP	B	-0.12%
KEX	C	-0.12%
GME	F	-0.12%
SOFI	C	-0.12%
WTFC	B	-0.12%
RRC	D	-0.12%
FR	B	-0.12%
BRKR	D	-0.12%
LNTH	D	-0.12%
PCOR	F	-0.12%
AGNC	B	-0.12%
LSCC	D	-0.12%
DTM	B	-0.12%
ROKU	C	-0.12%
WSC	D	-0.12%
STAG	C	-0.12%
IOT	B	-0.12%
H	C	-0.11%
AFRM	C	-0.11%
PCTY	C	-0.11%
ESNT	B	-0.11%
ONB	C	-0.11%
ELAN	D	-0.11%
PLNT	B	-0.11%
EXEL	C	-0.11%
IONS	F	-0.11%
NOVT	D	-0.11%
CHX	F	-0.11%
IBP	D	-0.11%
RLI	B	-0.11%
AZEK	C	-0.11%
PB	B	-0.11%
TRNO	C	-0.11%
LFUS	C	-0.11%
SITE	C	-0.11%
CVLT	B	-0.11%
MAT	C	-0.11%
FLS	D	-0.11%
BRBR	C	-0.11%
BIO	C	-0.11%
CYTK	F	-0.11%
CFR	C	-0.11%
RVMD	C	-0.11%
BPMC	F	-0.11%
PODD	B	-0.11%
HQY	C	-0.11%
CRS	B	-0.11%
GTLS	F	-0.11%
ACHC	C	-0.1%
RHP	C	-0.1%
AWI	B	-0.1%
Z	B	-0.1%
BCPC	C	-0.1%
COKE	C	-0.1%
AXS	B	-0.1%
MTSI	D	-0.1%
AAON	B	-0.1%
ESAB	C	-0.1%
VRNS	C	-0.1%
MOD	A	-0.1%
RYAN	D	-0.1%
ESI	D	-0.1%
FRPT	B	-0.1%
CWST	D	-0.1%
VKTX	C	-0.1%
OLLI	C	-0.1%
VVV	D	-0.1%
CADE	C	-0.1%
VMI	D	-0.1%
DUOL	B	-0.1%
VNT	F	-0.1%
BMI	A	-0.1%
WH	B	-0.1%
FSS	D	-0.1%
PEN	D	-0.1%
S	C	-0.1%
SMAR	C	-0.1%
MARA	F	-0.09%
HOMB	B	-0.09%
MDGL	F	-0.09%
OPCH	C	-0.09%
EPRT	B	-0.09%
CFLT	F	-0.09%
QLYS	F	-0.09%
UBSI	B	-0.09%
OZK	D	-0.09%
KRYS	D	-0.09%
EXPO	A	-0.09%
MASI	F	-0.09%
KRG	B	-0.09%
SRCL	A	-0.09%
EXLS	B	-0.09%
TENB	F	-0.09%
COLB	B	-0.09%
SIGI	D	-0.09%
HXL	F	-0.09%
FNB	C	-0.09%
COOP	C	-0.09%
CBT	B	-0.09%
RMBS	F	-0.09%
HLNE	B	-0.09%
RDN	C	-0.09%
GKOS	C	-0.09%
MOG.A	B	-0.09%
GTLB	D	-0.09%
WTS	C	-0.09%
KNF	B	-0.08%
RYN	C	-0.08%
ACA	B	-0.08%
ACIW	B	-0.08%
HAE	F	-0.08%
PIPR	B	-0.08%
NJR	B	-0.08%
ASH	D	-0.08%
ALKS	C	-0.08%
LOPE	D	-0.08%
BCO	B	-0.08%
FFIN	B	-0.08%
MGY	C	-0.08%
FUL	C	-0.08%
TDW	F	-0.08%
DLB	D	-0.08%
MMSI	B	-0.08%
HWC	D	-0.08%
ITRI	C	-0.08%
VRRM	D	-0.08%
MC	B	-0.08%
VAL	F	-0.08%
AM	C	-0.08%
HCP	B	-0.08%
ATKR	F	-0.08%
IDA	C	-0.08%
GATX	D	-0.08%
W	D	-0.08%
AVAV	C	-0.08%
ALTR	C	-0.08%
PATH	D	-0.08%
BILL	D	-0.08%
CSWI	B	-0.08%
SWX	C	-0.08%
GBCI	B	-0.08%
DY	B	-0.08%
SUM	D	-0.08%
PSN	B	-0.07%
ENS	D	-0.07%
PTEN	F	-0.07%
EEFT	D	-0.07%
APPF	D	-0.07%
ORA	C	-0.07%
U	D	-0.07%
ZWS	A	-0.07%