FNDX vs. VCIT ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

$24.34

Average Daily Volume

1,133,782

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$80.74

Average Daily Volume

6,660,767

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VCIT
30 Days	1.66%	-1.90%
60 Days	5.55%	-2.86%
90 Days	6.91%	-0.93%
12 Months	29.20%	9.85%

399 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in VCIT	Overlap
	A	F	0.06%	0.02%	0.02%
	AAL	B	0.01%	0.01%	0.01%
	AAP	C	0.03%	0.01%	0.01%
	AAPL	C	4.32%	0.01%	0.01%
	ABBV	F	0.58%	0.13%	0.13%
	ABT	C	0.34%	0.02%	0.02%
	ACGL	C	0.03%	0.03%	0.03%
	ADBE	C	0.18%	0.05%	0.05%
	ADI	D	0.14%	0.04%	0.04%
	ADM	F	0.2%	0.05%	0.05%
	ADP	A	0.15%	0.04%	0.04%
	ADSK	B	0.03%	0.03%	0.03%
	AEE	B	0.07%	0.01%	0.01%
	AEP	D	0.16%	0.01%	0.01%
	AER	B	0.02%	0.04%	0.02%
	AES	F	0.05%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	C	0.2%	0.01%	0.01%
	AIG	B	0.28%	0.02%	0.02%
	AIZ	A	0.03%	0.02%	0.02%
	AL	B	0.02%	0.01%	0.01%
	ALL	B	0.26%	0.02%	0.02%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.25%	0.04%	0.04%
	AMCR	D	0.03%	0.01%	0.01%
	AMG	B	0.04%	0.04%	0.04%
	AMGN	F	0.42%	0.01%	0.01%
	AMT	F	0.11%	0.03%	0.03%
	AMZN	A	1.54%	0.09%	0.09%
	AN	C	0.05%	0.02%	0.02%
	AON	B	0.13%	0.01%	0.01%
	APD	B	0.12%	0.02%	0.02%
	APH	B	0.09%	0.02%	0.02%
	APTV	F	0.02%	0.01%	0.01%
	ARE	F	0.03%	0.01%	0.01%
	ARW	F	0.08%	0.03%	0.03%
	ATO	B	0.04%	0.02%	0.02%
	AVB	B	0.05%	0.02%	0.02%
	AVGO	C	0.66%	0.01%	0.01%
	AVT	C	0.08%	0.02%	0.02%
	AVY	F	0.04%	0.02%	0.02%
	AWK	D	0.04%	0.02%	0.02%
	AXP	B	0.36%	0.11%	0.11%
	AYI	A	0.04%	0.03%	0.03%
	AZO	B	0.06%	0.03%	0.03%
	BA	F	0.12%	0.03%	0.03%
	BAC	A	1.26%	0.01%	0.01%
	BAX	F	0.07%	0.02%	0.02%
	BBY	C	0.16%	0.02%	0.02%
	BC	D	0.03%	0.03%	0.03%
	BDX	F	0.11%	0.03%	0.03%
	BEN	C	0.04%	0.04%	0.04%
	BERY	D	0.04%	0.03%	0.03%
	BG	D	0.1%	0.03%	0.03%
	BIIB	F	0.09%	0.07%	0.07%
	BK	B	0.26%	0.01%	0.01%
	BKNG	A	0.24%	0.03%	0.03%
	BMY	B	0.42%	0.03%	0.03%
	BR	A	0.03%	0.04%	0.03%
	BRO	B	0.02%	0.02%	0.02%
	BRX	A	0.02%	0.01%	0.01%
	BSX	A	0.09%	0.01%	0.01%
	BWA	B	0.05%	0.01%	0.01%
	BXP	D	0.05%	0.02%	0.02%
	C	B	1.1%	0.02%	0.02%
	CAG	F	0.06%	0.01%	0.01%
	CAH	B	0.07%	0.05%	0.05%
	CARR	C	0.12%	0.04%	0.04%
	CAT	B	0.43%	0.02%	0.02%
	CB	C	0.25%	0.01%	0.01%
	CBOE	D	0.01%	0.02%	0.01%
	CCI	F	0.09%	0.03%	0.03%
	CE	F	0.04%	0.02%	0.02%
	CFG	B	0.1%	0.03%	0.03%
	CHD	A	0.04%	0.02%	0.02%
	CHRW	A	0.07%	0.03%	0.03%
	CHTR	B	0.35%	0.06%	0.06%
	CI	D	0.47%	0.02%	0.02%
	CINF	A	0.07%	0.02%	0.02%
	CLX	A	0.04%	0.01%	0.01%
	CMA	A	0.07%	0.03%	0.03%
	CMCSA	B	0.84%	0.02%	0.02%
	CME	B	0.08%	0.03%	0.03%
	CMI	A	0.18%	0.04%	0.04%
	CMS	D	0.06%	0.02%	0.02%
	CNH	D	0.02%	0.04%	0.02%
	CNO	B	0.04%	0.03%	0.03%
	CNP	B	0.06%	0.02%	0.02%
	COF	B	0.48%	0.03%	0.03%
	COP	C	0.48%	0.01%	0.01%
	COST	B	0.65%	0.07%	0.07%
	CPB	F	0.03%	0.03%	0.03%
	CPT	C	0.02%	0.02%	0.02%
	CRM	B	0.14%	0.07%	0.07%
	CSL	B	0.05%	0.03%	0.03%
	CSX	B	0.21%	0.02%	0.02%
	CTAS	B	0.08%	0.05%	0.05%
	CTVA	C	0.09%	0.02%	0.02%
	CVS	F	0.7%	0.02%	0.02%
	CVX	A	1.21%	0.01%	0.01%
	D	D	0.17%	0.01%	0.01%
	DAL	A	0.03%	0.03%	0.03%
	DD	D	0.18%	0.1%	0.1%
	DE	D	0.24%	0.01%	0.01%
	DELL	C	0.03%	0.04%	0.03%
	DFS	B	0.26%	0.01%	0.01%
	DG	F	0.08%	0.03%	0.03%
	DGX	B	0.07%	0.01%	0.01%
	DHI	D	0.16%	0.02%	0.02%
	DHR	F	0.15%	0.04%	0.04%
	DIS	B	0.41%	0.03%	0.03%
	DLR	C	0.08%	0.03%	0.03%
	DLTR	F	0.05%	0.07%	0.05%
	DOC	C	0.04%	0.01%	0.01%
	DOV	A	0.06%	0.02%	0.02%
	DOW	F	0.2%	0.01%	0.01%
	DOX	C	0.04%	0.03%	0.03%
	DRI	B	0.05%	0.02%	0.02%
	DTE	D	0.07%	0.01%	0.01%
	DUK	D	0.3%	0.01%	0.01%
	DVN	F	0.09%	0.01%	0.01%
	DXC	B	0.05%	0.03%	0.03%
	EA	A	0.09%	0.04%	0.04%
	EBAY	C	0.17%	0.04%	0.04%
	ECL	C	0.08%	0.01%	0.01%
	ED	D	0.12%	0.01%	0.01%
	EFX	F	0.03%	0.03%	0.03%
	EIX	C	0.09%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	EMN	D	0.08%	0.03%	0.03%
	EMR	A	0.17%	0.01%	0.01%
	EOG	A	0.22%	0.05%	0.05%
	EQH	B	0.05%	0.01%	0.01%
	EQIX	B	0.08%	0.02%	0.02%
	EQR	C	0.05%	0.02%	0.02%
	ES	D	0.08%	0.01%	0.01%
	ESS	C	0.03%	0.01%	0.01%
	ETN	B	0.23%	0.03%	0.03%
	ETR	B	0.12%	0.01%	0.01%
	EVRG	A	0.07%	0.01%	0.01%
	EW	F	0.04%	0.03%	0.03%
	EXC	C	0.17%	0.01%	0.01%
	EXP	B	0.03%	0.04%	0.03%
	EXPE	B	0.03%	0.05%	0.03%
	EXR	D	0.03%	0.02%	0.02%
	FAF	C	0.04%	0.03%	0.03%
	FANG	C	0.05%	0.04%	0.04%
	FDX	B	0.3%	0.02%	0.02%
	FHN	A	0.03%	0.03%	0.03%
	FIS	B	0.11%	0.03%	0.03%
	FITB	A	0.12%	0.03%	0.03%
	FLEX	B	0.07%	0.03%	0.03%
	FLO	F	0.02%	0.01%	0.01%
	FMC	F	0.03%	0.03%	0.03%
	FNF	C	0.06%	0.02%	0.02%
	FOXA	A	0.09%	0.03%	0.03%
	FTNT	B	0.03%	0.02%	0.02%
	GD	C	0.22%	0.01%	0.01%
	GE	D	0.15%	0.04%	0.04%
	GILD	B	0.39%	0.01%	0.01%
	GIS	F	0.11%	0.04%	0.04%
	GL	B	0.03%	0.02%	0.02%
	GLPI	D	0.02%	0.03%	0.02%
	GM	B	0.76%	0.02%	0.02%
	GOOG	C	1.17%	0.01%	0.01%
	GOOGL	C	1.36%	0.04%	0.04%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.08%	0.02%	0.02%
	GS	B	0.61%	0.05%	0.05%
	GXO	B	0.02%	0.02%	0.02%
	HAL	C	0.06%	0.06%	0.06%
	HAS	D	0.03%	0.01%	0.01%
	HBAN	A	0.07%	0.02%	0.02%
	HCA	D	0.21%	0.05%	0.05%
	HD	B	0.78%	0.03%	0.03%
	HES	B	0.05%	0.02%	0.02%
	HIG	C	0.14%	0.03%	0.03%
	HII	F	0.03%	0.01%	0.01%
	HON	B	0.35%	0.01%	0.01%
	HPQ	B	0.21%	0.04%	0.04%
	HRB	D	0.01%	0.03%	0.01%
	HRL	F	0.03%	0.01%	0.01%
	HST	D	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.01%	0.01%
	HUBB	C	0.04%	0.01%	0.01%
	HUM	D	0.19%	0.01%	0.01%
	HUN	F	0.04%	0.02%	0.02%
	IBM	D	0.55%	0.01%	0.01%
	ICE	C	0.11%	0.03%	0.03%
	IEX	B	0.03%	0.05%	0.03%
	IFF	F	0.05%	0.02%	0.02%
	ILMN	C	0.03%	0.03%	0.03%
	INGR	B	0.05%	0.03%	0.03%
	INTC	C	0.93%	0.05%	0.05%
	INTU	A	0.11%	0.02%	0.02%
	INVH	D	0.03%	0.04%	0.03%
	IPG	F	0.04%	0.02%	0.02%
	ITW	B	0.15%	0.04%	0.04%
	JBL	C	0.07%	0.03%	0.03%
	JCI	A	0.16%	0.02%	0.02%
	JEF	B	0.05%	0.02%	0.02%
	JNJ	D	0.92%	0.01%	0.01%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	1.98%	0.01%	0.01%
	K	A	0.06%	0.02%	0.02%
	KDP	C	0.07%	0.03%	0.03%
	KEY	B	0.1%	0.02%	0.02%
	KEYS	C	0.04%	0.03%	0.03%
	KIM	A	0.03%	0.02%	0.02%
	KLAC	F	0.08%	0.04%	0.04%
	KMB	D	0.1%	0.02%	0.02%
	KMI	B	0.22%	0.01%	0.01%
	KO	F	0.36%	0.01%	0.01%
	KR	A	0.3%	0.01%	0.01%
	KSS	D	0.06%	0.03%	0.03%
	L	A	0.05%	0.04%	0.04%
	LDOS	C	0.09%	0.05%	0.05%
	LEA	F	0.05%	0.02%	0.02%
	LEG	F	0.02%	0.02%	0.02%
	LEN	D	0.16%	0.01%	0.01%
	LH	B	0.09%	0.01%	0.01%
	LHX	B	0.16%	0.01%	0.01%
	LII	B	0.03%	0.02%	0.02%
	LIN	D	0.34%	0.03%	0.03%
	LLY	F	0.2%	0.03%	0.03%
	LMT	D	0.37%	0.04%	0.04%
	LNC	B	0.05%	0.02%	0.02%
	LNT	C	0.04%	0.01%	0.01%
	LOW	B	0.42%	0.01%	0.01%
	LRCX	F	0.16%	0.04%	0.04%
	LUV	B	0.02%	0.01%	0.01%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.14%	0.03%	0.03%
	MA	B	0.28%	0.03%	0.03%
	MAA	C	0.03%	0.01%	0.01%
	MAR	A	0.09%	0.01%	0.01%
	MAS	D	0.05%	0.02%	0.02%
	MCD	C	0.33%	0.01%	0.01%
	MCO	C	0.07%	0.02%	0.02%
	MDLZ	F	0.2%	0.02%	0.02%
	MDT	D	0.17%	0.02%	0.02%
	MET	C	0.25%	0.07%	0.07%
	MHK	D	0.06%	0.02%	0.02%
	MKC	D	0.03%	0.01%	0.01%
	MKL	A	0.05%	0.01%	0.01%
	MLM	B	0.05%	0.01%	0.01%
	MMC	D	0.14%	0.04%	0.04%
	MMM	C	0.35%	0.02%	0.02%
	MO	A	0.36%	0.02%	0.02%
	MOS	D	0.07%	0.04%	0.04%
	MPC	D	0.39%	0.04%	0.04%
	MRK	F	0.44%	0.06%	0.06%
	MRO	B	0.08%	0.05%	0.05%
	MRVL	B	0.05%	0.03%	0.03%
	MS	A	0.45%	0.01%	0.01%
	MSFT	C	2.41%	0.23%	0.23%
	MSI	B	0.06%	0.02%	0.02%
	MTB	A	0.1%	0.04%	0.04%
	MU	D	0.43%	0.03%	0.03%
	NDAQ	B	0.03%	0.03%	0.03%
	NEE	D	0.24%	0.01%	0.01%
	NEM	F	0.14%	0.05%	0.05%
	NFG	D	0.02%	0.01%	0.01%
	NI	A	0.04%	0.03%	0.03%
	NKE	F	0.19%	0.04%	0.04%
	NOC	D	0.2%	0.02%	0.02%
	NOV	C	0.02%	0.02%	0.02%
	NOW	A	0.01%	0.07%	0.01%
	NSC	B	0.21%	0.01%	0.01%
	NTAP	D	0.07%	0.03%	0.03%
	NTRS	A	0.08%	0.02%	0.02%
	NUE	D	0.21%	0.02%	0.02%
	NVDA	A	0.41%	0.06%	0.06%
	NVR	D	0.08%	0.05%	0.05%
	NVT	C	0.02%	0.02%	0.02%
	NXPI	F	0.05%	0.03%	0.03%
	O	D	0.04%	0.03%	0.03%
	OC	A	0.06%	0.02%	0.02%
	OGE	B	0.03%	0.01%	0.01%
	OKE	A	0.13%	0.01%	0.01%
	OMC	A	0.08%	0.03%	0.03%
	ORCL	A	0.5%	0.02%	0.02%
	ORLY	A	0.1%	0.01%	0.01%
	OSK	B	0.04%	0.02%	0.02%
	OTIS	D	0.05%	0.04%	0.04%
	PCG	A	0.03%	0.01%	0.01%
	PEG	C	0.1%	0.01%	0.01%
	PEP	D	0.41%	0.02%	0.02%
	PFE	F	0.71%	0.03%	0.03%
	PFG	C	0.09%	0.02%	0.02%
	PG	C	0.75%	0.04%	0.04%
	PGR	A	0.23%	0.01%	0.01%
	PH	A	0.12%	0.05%	0.05%
	PHM	D	0.11%	0.03%	0.03%
	PKG	B	0.07%	0.02%	0.02%
	PLD	D	0.07%	0.01%	0.01%
	PM	B	0.46%	0.02%	0.02%
	PNC	B	0.3%	0.01%	0.01%
	PNR	A	0.04%	0.01%	0.01%
	PNW	A	0.04%	0.01%	0.01%
	PPG	F	0.08%	0.02%	0.02%
	PRU	B	0.22%	0.02%	0.02%
	PSA	D	0.05%	0.01%	0.01%
	PSX	C	0.35%	0.04%	0.04%
	PWR	B	0.07%	0.05%	0.05%
	PYPL	A	0.21%	0.05%	0.05%
	QCOM	F	0.45%	0.05%	0.05%
	QRVO	F	0.03%	0.05%	0.03%
	R	B	0.07%	0.02%	0.02%
	REG	A	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.06%	0.06%
	RF	A	0.08%	0.03%	0.03%
	RGA	A	0.04%	0.03%	0.03%
	RJF	A	0.05%	0.07%	0.05%
	RL	B	0.03%	0.03%	0.03%
	ROK	B	0.06%	0.01%	0.01%
	ROP	A	0.05%	0.03%	0.03%
	ROST	D	0.07%	0.02%	0.02%
	RPM	A	0.04%	0.03%	0.03%
	RS	C	0.09%	0.02%	0.02%
	RSG	B	0.06%	0.01%	0.01%
	RTX	D	0.34%	0.01%	0.01%
	SBUX	B	0.27%	0.02%	0.02%
	SCHW	B	0.11%	0.01%	0.01%
	SHW	A	0.08%	0.02%	0.02%
	SJM	F	0.06%	0.03%	0.03%
	SLB	C	0.12%	0.05%	0.05%
	SNA	A	0.05%	0.01%	0.01%
	SNX	C	0.03%	0.03%	0.03%
	SO	D	0.26%	0.02%	0.02%
	SON	F	0.03%	0.03%	0.03%
	SPG	A	0.1%	0.01%	0.01%
	SPGI	C	0.14%	0.02%	0.02%
	SRE	B	0.13%	0.03%	0.03%
	STE	D	0.03%	0.05%	0.03%
	STLD	C	0.12%	0.02%	0.02%
	STT	B	0.1%	0.01%	0.01%
	STZ	D	0.07%	0.02%	0.02%
	SUI	F	0.02%	0.01%	0.01%
	SWK	F	0.07%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.33%	0.03%	0.03%
	SYK	A	0.12%	0.02%	0.02%
	SYY	D	0.1%	0.05%	0.05%
	T	A	1.25%	0.05%	0.05%
	TDY	B	0.03%	0.03%	0.03%
	TFC	B	0.23%	0.02%	0.02%
	TGT	C	0.37%	0.02%	0.02%
	THG	A	0.02%	0.01%	0.01%
	TJX	A	0.22%	0.01%	0.01%
	TKR	F	0.02%	0.02%	0.02%
	TMO	F	0.26%	0.03%	0.03%
	TMUS	A	0.25%	0.09%	0.09%
	TRMB	B	0.03%	0.03%	0.03%
	TSCO	D	0.06%	0.03%	0.03%
	TSN	B	0.18%	0.06%	0.06%
	TT	B	0.06%	0.03%	0.03%
	TXN	B	0.36%	0.02%	0.02%
	TXT	D	0.06%	0.01%	0.01%
	UDR	C	0.02%	0.01%	0.01%
	UHS	D	0.08%	0.04%	0.04%
	UNH	B	1.24%	0.01%	0.01%
	UNM	A	0.06%	0.02%	0.02%
	UNP	D	0.36%	0.02%	0.02%
	UPS	C	0.29%	0.03%	0.03%
	URI	B	0.13%	0.04%	0.04%
	USB	B	0.31%	0.01%	0.01%
	V	A	0.36%	0.03%	0.03%
	VFC	C	0.07%	0.03%	0.03%
	VLO	C	0.37%	0.03%	0.03%
	VMC	B	0.05%	0.02%	0.02%
	VNO	C	0.05%	0.02%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VRSK	A	0.04%	0.06%	0.04%
	VRSN	C	0.01%	0.04%	0.01%
	VTR	C	0.08%	0.02%	0.02%
	VTRS	B	0.1%	0.04%	0.04%
	VZ	D	1.12%	0.04%	0.04%
	WAB	B	0.06%	0.04%	0.04%
	WBA	D	0.18%	0.02%	0.02%
	WEC	B	0.08%	0.01%	0.01%
	WELL	B	0.1%	0.01%	0.01%
	WFC	A	1.29%	0.01%	0.01%
	WHR	B	0.07%	0.01%	0.01%
	WLK	F	0.02%	0.01%	0.01%
	WM	A	0.15%	0.01%	0.01%
	WMB	B	0.17%	0.01%	0.01%
	WMT	A	1.45%	0.01%	0.01%
	WPC	F	0.02%	0.02%	0.02%
	WTRG	C	0.01%	0.03%	0.01%
	WU	F	0.03%	0.02%	0.02%
	WY	F	0.09%	0.01%	0.01%
	XEL	A	0.12%	0.01%	0.01%
	XOM	B	1.99%	0.01%	0.01%
	XRAY	F	0.01%	0.04%	0.01%
	XYL	F	0.03%	0.02%	0.02%
	ZBH	C	0.05%	0.05%	0.05%
	ZION	B	0.06%	0.03%	0.03%
	ZTS	D	0.07%	0.02%	0.02%

FNDX Overweight 321 Positions Relative to VCIT

	Symbol	Grade	Weight
	BRK.A	B	2.13%
	META	B	1.82%
	CSCO	A	0.82%
	LUMN	C	0.68%
	ELV	F	0.38%
	ACN	B	0.35%
	F	C	0.33%
	TRV	B	0.3%
	TSLA	B	0.26%
	HPE	B	0.21%
	CNC	F	0.2%
	CTSH	A	0.19%
	IP	B	0.17%
	BKR	B	0.16%
	NFLX	A	0.16%
	PCAR	B	0.15%
	VST	B	0.15%
	FCX	F	0.15%
	AMP	A	0.14%
	GLW	B	0.14%
	TROW	A	0.13%
	FI	A	0.13%
	CBRE	B	0.13%
	WDC	D	0.13%
	KKR	B	0.12%
	BX	A	0.12%
	CL	F	0.12%
	PPL	A	0.11%
	MCK	B	0.11%
	PARA	B	0.11%
	CEG	D	0.11%
	OXY	F	0.11%
	NRG	C	0.11%
	KHC	F	0.1%
	GEHC	D	0.1%
	AMD	F	0.1%
	ALLY	C	0.1%
	FE	D	0.09%
	SW	B	0.09%
	STX	D	0.09%
	FAST	B	0.08%
	USFD	B	0.08%
	VRTX	B	0.08%
	YUM	B	0.08%
	WBD	B	0.08%
	GWW	B	0.08%
	WKC	C	0.08%
	X	D	0.08%
	ISRG	A	0.08%
	JLL	C	0.08%
	HWM	B	0.07%
	CF	B	0.07%
	TDG	D	0.07%
	TRGP	B	0.07%
	WTW	A	0.07%
	IQV	F	0.07%
	LAD	B	0.07%
	THC	B	0.07%
	TOL	B	0.06%
	ODFL	B	0.06%
	BALL	D	0.06%
	MGM	D	0.06%
	BLDR	C	0.06%
	BFH	B	0.06%
	LNG	B	0.06%
	M	C	0.06%
	OMF	A	0.06%
	CCL	B	0.06%
	HLT	A	0.06%
	PFGC	B	0.06%
	EME	B	0.06%
	KMX	B	0.06%
	PAYX	B	0.06%
	IRM	D	0.06%
	AA	C	0.06%
	MAN	F	0.05%
	MNST	B	0.05%
	UGI	D	0.05%
	GEV	B	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	ACM	B	0.05%
	TPR	A	0.05%
	AJG	A	0.05%
	JBHT	C	0.05%
	JXN	C	0.05%
	KD	A	0.05%
	TAP	B	0.05%
	IVZ	B	0.05%
	MOH	F	0.05%
	CDW	F	0.05%
	GPI	B	0.05%
	ALSN	B	0.05%
	DINO	D	0.05%
	OVV	C	0.05%
	AME	A	0.05%
	SFM	B	0.05%
	KVUE	A	0.05%
	CPAY	A	0.05%
	CASY	B	0.05%
	LKQ	C	0.05%
	TDS	C	0.05%
	J	D	0.05%
	MCHP	F	0.05%
	DVA	C	0.05%
	CACI	C	0.04%
	GAP	B	0.04%
	MLI	B	0.04%
	RMD	C	0.04%
	BCC	B	0.04%
	AKAM	F	0.04%
	SSNC	C	0.04%
	HBI	B	0.04%
	CLF	F	0.04%
	CMG	B	0.04%
	UBER	F	0.04%
	SANM	C	0.04%
	ZIM	B	0.04%
	NXST	C	0.04%
	UFPI	B	0.04%
	FBIN	F	0.04%
	FYBR	D	0.04%
	BAH	C	0.04%
	SLM	A	0.04%
	TER	F	0.04%
	EXPD	C	0.04%
	ANET	C	0.04%
	ZBRA	B	0.04%
	TMHC	B	0.04%
	WAT	B	0.04%
	DKS	D	0.04%
	CCK	D	0.04%
	MUSA	B	0.04%
	CRBG	C	0.04%
	GEN	B	0.04%
	RHI	B	0.04%
	LPLA	A	0.04%
	ON	F	0.04%
	HOLX	D	0.04%
	GT	C	0.04%
	EQT	B	0.04%
	HSIC	F	0.04%
	NWSA	B	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	WSM	F	0.04%
	KNX	C	0.04%
	EVR	B	0.04%
	COR	B	0.03%
	SEE	C	0.03%
	G	B	0.03%
	LSTR	B	0.03%
	CPRT	A	0.03%
	TGNA	B	0.03%
	BURL	C	0.03%
	GDDY	B	0.03%
	ACI	C	0.03%
	SCI	B	0.03%
	CAR	C	0.03%
	ITT	A	0.03%
	GNTX	C	0.03%
	TPH	C	0.03%
	APO	B	0.03%
	BBWI	C	0.03%
	MSCI	B	0.03%
	SOLV	C	0.03%
	KBH	D	0.03%
	ABG	B	0.03%
	ALB	C	0.03%
	SEIC	A	0.03%
	CW	C	0.03%
	SNV	B	0.03%
	TRU	D	0.03%
	SAIC	D	0.03%
	RVTY	C	0.03%
	TTWO	A	0.03%
	BTU	C	0.03%
	ARMK	B	0.03%
	APA	F	0.03%
	JHG	A	0.03%
	GPK	D	0.03%
	EWBC	B	0.03%
	GNW	B	0.03%
	CTRA	B	0.03%
	AGCO	F	0.03%
	RRX	B	0.03%
	DECK	B	0.03%
	FL	F	0.03%
	FLR	C	0.03%
	MTH	D	0.03%
	CIEN	B	0.03%
	GRMN	A	0.03%
	PANW	B	0.03%
	FTV	C	0.03%
	FFIV	B	0.03%
	PBF	F	0.03%
	MRNA	F	0.03%
	ULTA	C	0.03%
	SNPS	C	0.03%
	IT	B	0.03%
	WSO	B	0.03%
	CDNS	B	0.03%
	CG	B	0.03%
	IR	A	0.03%
	MTD	F	0.03%
	WRB	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	DPZ	C	0.03%
	LPX	A	0.03%
	NWL	B	0.03%
	MTZ	B	0.03%
	ALK	A	0.02%
	EG	D	0.02%
	ADNT	D	0.02%
	CPRI	F	0.02%
	ALV	C	0.02%
	MATX	B	0.02%
	ODP	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	COHR	C	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TFX	F	0.02%
	MIDD	D	0.02%
	POR	D	0.02%
	MKSI	C	0.02%
	OI	C	0.02%
	VAC	B	0.02%
	WST	B	0.02%
	LW	B	0.02%
	WERN	B	0.02%
	POST	D	0.02%
	SM	C	0.02%
	TTC	F	0.02%
	CCEP	C	0.02%
	XRX	F	0.02%
	NAVI	D	0.02%
	SBAC	D	0.02%
	UHAL	D	0.02%
	EPAM	B	0.02%
	HUBG	A	0.02%
	TPX	B	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	D	0.02%
	ANSS	B	0.02%
	NDSN	B	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	ST	F	0.02%
	PENN	B	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	LECO	C	0.02%
	CZR	F	0.02%
	KBR	D	0.02%
	ASGN	D	0.02%
	PII	F	0.02%
	CTLT	D	0.02%
	ALGN	D	0.02%
	DCI	A	0.02%
	IDXX	F	0.02%
	HOG	D	0.02%
	FCNCA	B	0.02%
	SLG	C	0.02%
	JKHY	C	0.02%
	BECN	B	0.02%
	POOL	D	0.02%
	PK	C	0.02%
	VICI	D	0.02%
	AOS	F	0.02%
	SKX	F	0.02%
	MTG	C	0.02%
	DAR	B	0.02%
	CC	C	0.02%
	BAP	A	0.02%
	AVTR	F	0.02%
	ATR	A	0.02%
	AXTA	A	0.02%
	ABM	B	0.02%
	SQ	B	0.02%
	LAMR	D	0.02%
	AR	B	0.02%
	GNRC	B	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	PRI	B	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	B	0.01%
	CRL	C	0.01%
	CNXC	F	0.01%
	ICLR	F	0.01%
	CHE	D	0.01%
	MSM	C	0.01%
	LILAK	F	0.01%
	JAZZ	B	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	F	0.01%
	BLD	F	0.01%
	CYH	F	0.01%
	FSLR	F	0.01%
	HTZ	C	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	DK	D	0.01%
	FTI	B	0.01%
	JWN	B	0.01%
	QRTEA	F	0.01%
	LULU	B	0.01%
	UNFI	B	0.01%
	CRI	D	0.01%
	CNX	B	0.01%
	DAN	D	0.01%
	MDU	D	0.01%
	MTN	C	0.01%

FNDX Underweight 89 Positions Relative to VCIT

	Symbol	Grade	Weight
	DT	C	-0.28%
	WIT	B	-0.15%
	DB	D	-0.07%
	BABA	D	-0.07%
	KOF	F	-0.06%
	BMO	A	-0.05%
	ARCC	A	-0.05%
	TD	D	-0.05%
	BHF	B	-0.05%
	AZN	F	-0.05%
	NWG	B	-0.05%
	AGR	C	-0.04%
	PAA	C	-0.04%
	BLK	A	-0.04%
	MPLX	A	-0.04%
	ET	A	-0.04%
	GSK	F	-0.04%
	VOD	F	-0.04%
	KEX	A	-0.03%
	BNS	A	-0.03%
	SBRA	C	-0.03%
	HP	C	-0.03%
	JD	C	-0.03%
	FLS	B	-0.03%
	AGO	B	-0.03%
	AAT	B	-0.03%
	BDN	D	-0.03%
	TEL	B	-0.03%
	WB	F	-0.03%
	VNT	C	-0.03%
	SCS	B	-0.03%
	EPD	A	-0.03%
	MUFG	A	-0.03%
	TME	F	-0.02%
	SKT	A	-0.02%
	SITC	F	-0.02%
	SAFE	F	-0.02%
	BKU	A	-0.02%
	AMH	C	-0.02%
	HR	C	-0.02%
	EPRT	C	-0.02%
	FRT	B	-0.02%
	RYN	F	-0.02%
	SF	A	-0.02%
	NHI	D	-0.02%
	DSS	F	-0.02%
	WBS	A	-0.02%
	FSK	A	-0.02%
	MCY	B	-0.02%
	PDM	D	-0.02%
	LAZ	C	-0.02%
	KRC	C	-0.02%
	PRE	D	-0.02%
	H	B	-0.02%
	EPR	D	-0.02%
	CP	F	-0.02%
	BIDU	F	-0.02%
	ESGR	B	-0.02%
	RPRX	F	-0.02%
	GBDC	B	-0.01%
	SAVE	F	-0.01%
	OCSL	D	-0.01%
	PSEC	F	-0.01%
	NEU	C	-0.01%
	OGS	B	-0.01%
	KRG	B	-0.01%
	WTFC	B	-0.01%
	CBT	C	-0.01%
	KMT	B	-0.01%
	CHH	B	-0.01%
	ADC	A	-0.01%
	KMPR	A	-0.01%
	RNR	D	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	HPP	F	-0.01%
	CUBE	D	-0.01%
	BKH	A	-0.01%
	SWX	B	-0.01%
	GP	F	-0.01%
	HIW	D	-0.01%
	AXS	A	-0.01%
	REXR	F	-0.01%
	CNA	C	-0.01%
	NNN	F	-0.01%
	OHI	C	-0.01%
	WEST	D	-0.01%
	UAL	A	-0.01%
	HSBC	B	-0.01%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Asset Management 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

VCIT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Diversified Industrials REIT - Retail Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Banks - Global Packaged Foods REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life REIT - Residential Capital Markets Aerospace & Defense Diagnostics & Research

Keywords: S&P 500 Nasdaq 100 Natural Gas Real Estate Investment Trust Insurance Bank Electricity Dow Jones Component Banking Insurance Products Electronics Computing Aerospace Chemical Investment Bank Mining Plastic Financial Products Beverage Commercial Banking