FNDX vs. VTV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Value ETF - DNQ (VTV)

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

$71.05

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

VTV

Vanguard Value ETF - DNQ

VTV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Value Index, a broadly diversified index predominantly made up of value stocks of large 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

$173.06

Average Daily Volume

1,742,689

Number of Holdings ^*

333

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VTV
30 Days	3.09%	3.30%
60 Days	4.23%	5.32%
90 Days	6.97%	8.03%
12 Months	26.34%	24.89%

321 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in VTV	Overlap
	A	C	0.06%	0.1%	0.06%
	ABBV	C	0.6%	1.52%	0.6%
	ABT	C	0.34%	0.86%	0.34%
	ACGL	C	0.05%	0.16%	0.05%
	ACN	C	0.34%	0.48%	0.34%
	ADI	C	0.13%	0.53%	0.13%
	ADM	D	0.22%	0.14%	0.14%
	AEE	C	0.07%	0.1%	0.07%
	AEP	C	0.18%	0.24%	0.18%
	AES	C	0.06%	0.03%	0.03%
	AFL	C	0.23%	0.25%	0.23%
	AIG	D	0.28%	0.24%	0.24%
	AJG	D	0.05%	0.29%	0.05%
	AKAM	D	0.03%	0.07%	0.03%
	ALB	D	0.02%	0.03%	0.02%
	ALL	B	0.29%	0.21%	0.21%
	AME	C	0.05%	0.19%	0.05%
	AMGN	B	0.48%	0.83%	0.48%
	AMP	A	0.12%	0.2%	0.12%
	AON	B	0.13%	0.16%	0.13%
	APD	B	0.11%	0.27%	0.11%
	ARE	C	0.03%	0.09%	0.03%
	AVB	B	0.06%	0.14%	0.06%
	AVGO	C	0.68%	3.46%	0.68%
	AVTR	B	0.03%	0.08%	0.03%
	AVY	C	0.04%	0.08%	0.04%
	AWK	B	0.05%	0.13%	0.05%
	AXP	B	0.37%	0.59%	0.37%
	BAC	D	1.22%	1.25%	1.22%
	BALL	C	0.06%	0.09%	0.06%
	BAX	C	0.09%	0.08%	0.08%
	BBY	C	0.19%	0.08%	0.08%
	BDX	D	0.11%	0.32%	0.11%
	BEN	F	0.04%	0.03%	0.03%
	BIIB	F	0.1%	0.14%	0.1%
	BK	B	0.26%	0.23%	0.23%
	BKR	C	0.14%	0.09%	0.09%
	BLK	B	0.26%	0.57%	0.26%
	BMY	C	0.35%	0.45%	0.35%
	BRK.A	C	2.29%	3.05%	2.29%
	BRK.A	C	2.29%	0.66%	0.66%
	C	C	1.04%	0.55%	0.55%
	CAG	C	0.07%	0.07%	0.07%
	CAH	C	0.07%	0.11%	0.07%
	CARR	B	0.13%	0.27%	0.13%
	CAT	B	0.39%	0.79%	0.39%
	CB	B	0.29%	0.52%	0.29%
	CBOE	C	0.02%	0.09%	0.02%
	CBRE	A	0.12%	0.16%	0.12%
	CCI	C	0.11%	0.22%	0.11%
	CCL	C	0.05%	0.08%	0.05%
	CDW	D	0.06%	0.14%	0.06%
	CE	F	0.06%	0.07%	0.06%
	CEG	C	0.1%	0.28%	0.1%
	CF	C	0.06%	0.06%	0.06%
	CFG	C	0.1%	0.09%	0.09%
	CHTR	D	0.32%	0.17%	0.17%
	CI	C	0.55%	0.46%	0.46%
	CINF	B	0.07%	0.1%	0.07%
	CL	D	0.16%	0.19%	0.16%
	CLX	C	0.04%	0.08%	0.04%
	CMCSA	D	0.75%	0.75%	0.75%
	CME	C	0.08%	0.32%	0.08%
	CMI	C	0.17%	0.19%	0.17%
	CMS	C	0.06%	0.09%	0.06%
	CNC	D	0.25%	0.19%	0.19%
	CNP	C	0.06%	0.08%	0.06%
	COF	B	0.39%	0.25%	0.25%
	COP	D	0.42%	0.6%	0.42%
	CPAY	B	0.05%	0.09%	0.05%
	CPB	C	0.04%	0.04%	0.04%
	CRBG	D	0.03%	0.03%	0.03%
	CSCO	C	0.73%	0.82%	0.73%
	CSX	D	0.21%	0.32%	0.21%
	CTRA	D	0.01%	0.04%	0.01%
	CTSH	C	0.18%	0.17%	0.17%
	CTVA	B	0.09%	0.18%	0.09%
	CVS	D	0.68%	0.35%	0.35%
	CVX	D	1.07%	1.31%	1.07%
	D	C	0.19%	0.21%	0.19%
	DAL	C	0.02%	0.13%	0.02%
	DD	B	0.18%	0.15%	0.15%
	DE	B	0.22%	0.45%	0.22%
	DELL	D	0.01%	0.14%	0.01%
	DFS	B	0.21%	0.17%	0.17%
	DG	F	0.08%	0.12%	0.08%
	DGX	B	0.07%	0.07%	0.07%
	DHI	B	0.2%	0.25%	0.2%
	DHR	B	0.17%	0.86%	0.17%
	DIS	D	0.37%	0.4%	0.37%
	DLR	B	0.08%	0.22%	0.08%
	DLTR	F	0.04%	0.1%	0.04%
	DOC	C	0.04%	0.04%	0.04%
	DOV	B	0.06%	0.12%	0.06%
	DOW	D	0.2%	0.18%	0.18%
	DRI	B	0.05%	0.08%	0.05%
	DTE	C	0.08%	0.1%	0.08%
	DUK	C	0.34%	0.39%	0.34%
	DVN	F	0.08%	0.14%	0.08%
	EA	D	0.08%	0.19%	0.08%
	EBAY	B	0.19%	0.13%	0.13%
	ED	C	0.13%	0.16%	0.13%
	EG	C	0.03%	0.08%	0.03%
	EIX	C	0.11%	0.14%	0.11%
	ELV	C	0.5%	0.57%	0.5%
	EMR	D	0.15%	0.31%	0.15%
	EOG	D	0.2%	0.34%	0.2%
	EPAM	F	0.02%	0.01%	0.01%
	EQR	B	0.06%	0.12%	0.06%
	ES	C	0.09%	0.11%	0.09%
	ESS	B	0.04%	0.08%	0.04%
	ETN	C	0.21%	0.57%	0.21%
	ETR	B	0.11%	0.12%	0.11%
	EVRG	B	0.07%	0.03%	0.03%
	EXC	C	0.18%	0.17%	0.17%
	EXPD	C	0.02%	0.08%	0.02%
	EXR	B	0.04%	0.16%	0.04%
	F	F	0.31%	0.2%	0.2%
	FCX	D	0.13%	0.3%	0.13%
	FDX	C	0.32%	0.31%	0.31%
	FE	C	0.1%	0.11%	0.1%
	FIS	B	0.13%	0.2%	0.13%
	FITB	B	0.13%	0.13%	0.13%
	FNF	B	0.07%	0.07%	0.07%
	FOXA	B	0.09%	0.04%	0.04%
	FTV	C	0.03%	0.12%	0.03%
	GD	B	0.23%	0.34%	0.23%
	GDDY	C	0.03%	0.05%	0.03%
	GE	B	0.18%	0.41%	0.18%
	GEHC	C	0.07%	0.17%	0.07%
	GEV	B	0.05%	0.11%	0.05%
	GILD	B	0.35%	0.44%	0.35%
	GIS	B	0.13%	0.18%	0.13%
	GLW	C	0.14%	0.14%	0.14%
	GM	C	0.69%	0.23%	0.23%
	GPC	D	0.05%	0.1%	0.05%
	GPN	D	0.08%	0.12%	0.08%
	GRMN	D	0.05%	0.12%	0.05%
	GS	C	0.56%	0.76%	0.56%
	HAL	F	0.06%	0.06%	0.06%
	HBAN	B	0.07%	0.1%	0.07%
	HCA	B	0.25%	0.33%	0.25%
	HD	B	0.78%	1.7%	0.78%
	HIG	B	0.15%	0.15%	0.15%
	HOLX	B	0.04%	0.09%	0.04%
	HON	D	0.34%	0.62%	0.34%
	HPE	D	0.18%	0.12%	0.12%
	HPQ	D	0.2%	0.16%	0.16%
	HRL	C	0.03%	0.05%	0.03%
	HST	C	0.04%	0.03%	0.03%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	F	0.21%	0.2%	0.2%
	HWM	B	0.06%	0.09%	0.06%
	IBM	B	0.61%	0.82%	0.61%
	ICE	C	0.13%	0.4%	0.13%
	IFF	B	0.06%	0.12%	0.06%
	INTC	F	0.6%	0.61%	0.6%
	INVH	C	0.03%	0.1%	0.03%
	IP	B	0.15%	0.08%	0.08%
	IQV	C	0.08%	0.2%	0.08%
	IR	C	0.03%	0.19%	0.03%
	IRM	C	0.08%	0.14%	0.08%
	ITW	C	0.15%	0.33%	0.15%
	J	C	0.05%	0.09%	0.05%
	JCI	B	0.15%	0.22%	0.15%
	JNJ	C	1.0%	1.76%	1.0%
	JPM	D	1.94%	2.84%	1.94%
	K	B	0.07%	0.07%	0.07%
	KDP	B	0.08%	0.17%	0.08%
	KEY	B	0.1%	0.07%	0.07%
	KEYS	C	0.03%	0.11%	0.03%
	KHC	C	0.11%	0.13%	0.11%
	KKR	B	0.11%	0.38%	0.11%
	KMB	D	0.11%	0.21%	0.11%
	KMI	B	0.19%	0.18%	0.18%
	KO	C	0.43%	1.2%	0.43%
	KR	C	0.3%	0.13%	0.13%
	KVUE	C	0.03%	0.16%	0.03%
	L	C	0.05%	0.07%	0.05%
	LDOS	B	0.08%	0.05%	0.05%
	LEN	B	0.19%	0.0%	0.0%
	LEN	B	0.19%	0.21%	0.19%
	LHX	C	0.16%	0.2%	0.16%
	LKQ	F	0.05%	0.03%	0.03%
	LMT	C	0.4%	0.6%	0.4%
	LNG	C	0.05%	0.09%	0.05%
	LNT	B	0.04%	0.07%	0.04%
	LOW	B	0.42%	0.65%	0.42%
	LUV	C	0.02%	0.07%	0.02%
	LYB	D	0.16%	0.12%	0.12%
	MAA	B	0.04%	0.08%	0.04%
	MAS	B	0.06%	0.08%	0.06%
	MCHP	F	0.05%	0.22%	0.05%
	MCK	F	0.1%	0.37%	0.1%
	MDLZ	B	0.23%	0.43%	0.23%
	MDT	C	0.27%	0.49%	0.27%
	MET	B	0.26%	0.22%	0.22%
	MGM	F	0.05%	0.05%	0.05%
	MKC	C	0.04%	0.09%	0.04%
	MKL	C	0.04%	0.09%	0.04%
	MLM	D	0.04%	0.09%	0.04%
	MMC	C	0.15%	0.51%	0.15%
	MMM	B	0.4%	0.33%	0.33%
	MO	C	0.39%	0.39%	0.39%
	MOH	D	0.05%	0.09%	0.05%
	MPC	F	0.41%	0.29%	0.29%
	MRK	D	0.51%	1.33%	0.51%
	MRO	C	0.08%	0.07%	0.07%
	MS	D	0.35%	0.58%	0.35%
	MSI	B	0.06%	0.15%	0.06%
	MTB	B	0.09%	0.13%	0.09%
	MU	F	0.35%	0.56%	0.35%
	NDAQ	A	0.03%	0.14%	0.03%
	NEE	C	0.29%	0.69%	0.29%
	NEM	B	0.19%	0.26%	0.19%
	NI	B	0.05%	0.03%	0.03%
	NOC	B	0.21%	0.3%	0.21%
	NSC	C	0.21%	0.26%	0.21%
	NTAP	D	0.08%	0.12%	0.08%
	NTRS	A	0.07%	0.08%	0.07%
	NUE	F	0.18%	0.18%	0.18%
	NVR	B	0.08%	0.12%	0.08%
	NWSA	D	0.04%	0.06%	0.04%
	O	C	0.04%	0.12%	0.04%
	OKE	B	0.13%	0.23%	0.13%
	OMC	B	0.08%	0.09%	0.08%
	ON	D	0.04%	0.08%	0.04%
	ORCL	C	0.47%	1.07%	0.47%
	OTIS	C	0.05%	0.18%	0.05%
	OXY	F	0.11%	0.18%	0.11%
	PCAR	D	0.13%	0.24%	0.13%
	PCG	C	0.03%	0.22%	0.03%
	PEG	B	0.11%	0.18%	0.11%
	PEP	C	0.45%	1.1%	0.45%
	PFE	C	0.75%	0.8%	0.75%
	PFG	B	0.08%	0.09%	0.08%
	PG	C	0.84%	1.76%	0.84%
	PGR	B	0.26%	0.58%	0.26%
	PH	B	0.12%	0.33%	0.12%
	PHM	B	0.13%	0.13%	0.13%
	PKG	B	0.07%	0.08%	0.07%
	PLD	C	0.08%	0.54%	0.08%
	PM	C	0.51%	0.83%	0.51%
	PNC	B	0.29%	0.33%	0.29%
	POOL	C	0.02%	0.03%	0.02%
	PPG	D	0.08%	0.14%	0.08%
	PPL	C	0.11%	0.1%	0.1%
	PRU	C	0.23%	0.21%	0.21%
	PSA	B	0.06%	0.22%	0.06%
	PSX	F	0.36%	0.29%	0.29%
	PYPL	B	0.19%	0.32%	0.19%
	QCOM	D	0.47%	0.94%	0.47%
	REGN	C	0.16%	0.52%	0.16%
	RF	B	0.08%	0.1%	0.08%
	RJF	C	0.04%	0.1%	0.04%
	ROK	D	0.05%	0.07%	0.05%
	RSG	D	0.07%	0.19%	0.07%
	RTX	C	0.37%	0.73%	0.37%
	SCHW	D	0.1%	0.43%	0.1%
	SIRI	C	0.05%	0.0%	0.0%
	SJM	C	0.06%	0.03%	0.03%
	SLB	F	0.11%	0.16%	0.11%
	SNA	C	0.04%	0.07%	0.04%
	SO	B	0.29%	0.42%	0.29%
	SPG	B	0.11%	0.22%	0.11%
	SRE	C	0.12%	0.24%	0.12%
	SSNC	B	0.04%	0.07%	0.04%
	STE	C	0.03%	0.05%	0.03%
	STLD	F	0.09%	0.05%	0.05%
	STT	A	0.09%	0.11%	0.09%
	STX	C	0.1%	0.05%	0.05%
	STZ	D	0.08%	0.19%	0.08%
	SWK	B	0.08%	0.08%	0.08%
	SWKS	D	0.05%	0.08%	0.05%
	SYF	C	0.27%	0.09%	0.09%
	SYY	D	0.1%	0.18%	0.1%
	T	C	1.37%	0.64%	0.64%
	TDY	B	0.02%	0.09%	0.02%
	TEL	D	0.11%	0.22%	0.11%
	TFC	C	0.22%	0.28%	0.22%
	TGT	C	0.37%	0.32%	0.32%
	TMO	B	0.29%	1.09%	0.29%
	TRMB	C	0.03%	0.06%	0.03%
	TROW	D	0.11%	0.12%	0.11%
	TRU	B	0.03%	0.08%	0.03%
	TRV	C	0.3%	0.23%	0.23%
	TSCO	C	0.06%	0.07%	0.06%
	TSN	C	0.2%	0.08%	0.08%
	TT	B	0.09%	0.35%	0.09%
	TXT	D	0.06%	0.08%	0.06%
	UDR	C	0.03%	0.03%	0.03%
	UNH	C	1.25%	2.46%	1.25%
	UNP	C	0.4%	0.7%	0.4%
	UPS	D	0.25%	0.44%	0.25%
	URI	B	0.12%	0.23%	0.12%
	USB	B	0.3%	0.33%	0.3%
	VICI	C	0.02%	0.15%	0.02%
	VLO	F	0.38%	0.25%	0.25%
	VST	C	0.11%	0.13%	0.11%
	VTR	C	0.09%	0.1%	0.09%
	VTRS	D	0.1%	0.07%	0.07%
	VZ	B	1.32%	0.71%	0.71%
	WAB	B	0.06%	0.13%	0.06%
	WBA	F	0.14%	0.04%	0.04%
	WBD	D	0.06%	0.09%	0.06%
	WDC	D	0.13%	0.1%	0.1%
	WEC	C	0.08%	0.13%	0.08%
	WFC	D	1.06%	0.96%	0.96%
	WLK	D	0.02%	0.01%	0.01%
	WM	D	0.15%	0.38%	0.15%
	WMB	B	0.15%	0.24%	0.15%
	WMT	C	1.51%	1.41%	1.41%
	WPC	C	0.02%	0.06%	0.02%
	WRB	C	0.04%	0.07%	0.04%
	WTW	C	0.07%	0.13%	0.07%
	WY	C	0.09%	0.11%	0.09%
	XEL	B	0.12%	0.15%	0.12%
	XOM	C	1.92%	2.47%	1.92%
	XYL	C	0.04%	0.15%	0.04%
	ZBH	F	0.05%	0.11%	0.05%
	ZBRA	B	0.04%	0.08%	0.04%

FNDX Overweight 399 Positions Relative to VTV

	Symbol	Grade	Weight
	AAPL	C	4.51%
	MSFT	C	2.54%
	META	B	1.85%
	AMZN	C	1.42%
	GOOGL	D	1.22%
	GOOG	D	1.06%
	COST	B	0.73%
	LUMN	C	0.57%
	NVDA	D	0.38%
	V	C	0.35%
	LIN	B	0.35%
	MCD	B	0.34%
	TXN	C	0.34%
	MA	B	0.28%
	LLY	C	0.27%
	SBUX	C	0.27%
	AMAT	D	0.25%
	TMUS	C	0.24%
	TJX	B	0.24%
	ADBE	F	0.22%
	BKNG	C	0.2%
	TSLA	C	0.19%
	NKE	D	0.18%
	LRCX	F	0.16%
	ADP	B	0.15%
	NFLX	B	0.15%
	SPGI	B	0.15%
	BA	F	0.14%
	AMT	C	0.14%
	SYK	C	0.13%
	CRM	D	0.12%
	NRG	C	0.11%
	BG	D	0.11%
	INTU	C	0.11%
	SW	B	0.11%
	WELL	C	0.11%
	BX	B	0.11%
	KLAC	D	0.1%
	ALLY	F	0.1%
	ORLY	C	0.1%
	UHS	B	0.1%
	APH	D	0.09%
	ISRG	B	0.09%
	SHW	B	0.09%
	CTAS	B	0.09%
	JLL	B	0.09%
	ECL	B	0.09%
	BSX	B	0.09%
	PARA	F	0.09%
	AMD	D	0.09%
	NXPI	F	0.08%
	VRTX	D	0.08%
	TDG	B	0.08%
	RS	D	0.08%
	MCO	B	0.08%
	MAR	C	0.08%
	EMN	B	0.08%
	THC	A	0.08%
	YUM	D	0.08%
	ZTS	C	0.08%
	ROST	C	0.08%
	ARW	C	0.08%
	EQIX	C	0.08%
	OGN	D	0.07%
	KMX	D	0.07%
	FAST	C	0.07%
	DVA	B	0.07%
	KSS	F	0.07%
	USFD	B	0.07%
	AVT	C	0.07%
	CHRW	B	0.07%
	MHK	C	0.07%
	X	F	0.07%
	GWW	B	0.07%
	EME	B	0.06%
	OC	D	0.06%
	TOL	B	0.06%
	HLT	B	0.06%
	CMA	B	0.06%
	VFC	C	0.06%
	TRGP	B	0.06%
	PAYX	C	0.06%
	AZO	D	0.06%
	WHR	D	0.06%
	R	A	0.06%
	PWR	B	0.06%
	AFG	B	0.05%
	AA	D	0.05%
	EQH	C	0.05%
	FANG	D	0.05%
	GPI	B	0.05%
	INGR	B	0.05%
	VNO	B	0.05%
	DKS	D	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%
	ODFL	D	0.05%
	MUSA	D	0.05%
	KD	D	0.05%
	DINO	F	0.05%
	UNM	B	0.05%
	DXC	C	0.05%
	QRVO	F	0.05%
	JBL	D	0.05%
	AN	D	0.05%
	MAN	C	0.05%
	ZION	D	0.05%
	OMF	D	0.05%
	PFGC	B	0.05%
	LAD	D	0.05%
	WSM	D	0.05%
	ROP	C	0.05%
	M	F	0.05%
	LEA	F	0.05%
	FLEX	C	0.05%
	JEF	B	0.05%
	BXP	B	0.05%
	LNC	D	0.05%
	CASY	D	0.05%
	MOS	F	0.05%
	JNPR	B	0.05%
	BR	D	0.04%
	HAS	B	0.04%
	RPM	B	0.04%
	MTD	D	0.04%
	DPZ	F	0.04%
	PNR	B	0.04%
	MTH	A	0.04%
	ANET	B	0.04%
	SLM	D	0.04%
	AYI	B	0.04%
	UBER	C	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%
	TMHC	A	0.04%
	WU	F	0.04%
	THO	D	0.04%
	BLDR	C	0.04%
	JXN	A	0.04%
	TPR	C	0.04%
	IPG	C	0.04%
	RMD	C	0.04%
	CCK	A	0.04%
	MRNA	F	0.04%
	FYBR	C	0.04%
	DOX	C	0.04%
	ATO	B	0.04%
	PVH	F	0.04%
	KNX	C	0.04%
	MNST	D	0.04%
	EVR	A	0.04%
	GAP	F	0.04%
	SOLV	C	0.04%
	VMC	D	0.04%
	HSIC	C	0.04%
	JBHT	D	0.04%
	CHD	D	0.04%
	BERY	B	0.04%
	HSY	C	0.04%
	VRSK	D	0.04%
	RGA	C	0.04%
	APTV	D	0.04%
	ACM	B	0.04%
	ALSN	B	0.04%
	FAF	B	0.04%
	IVZ	B	0.04%
	ZIM	C	0.04%
	HES	F	0.04%
	HII	D	0.04%
	TDS	C	0.04%
	PNW	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%
	IDXX	C	0.03%
	CW	B	0.03%
	CIEN	C	0.03%
	BC	C	0.03%
	FLR	D	0.03%
	ILMN	C	0.03%
	GNTX	F	0.03%
	EWBC	D	0.03%
	CLF	F	0.03%
	SCI	B	0.03%
	SON	C	0.03%
	SAIC	C	0.03%
	LPLA	D	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%
	MSCI	C	0.03%
	NWL	C	0.03%
	AIZ	B	0.03%
	VOYA	B	0.03%
	GT	F	0.03%
	FMC	C	0.03%
	ULTA	D	0.03%
	RL	C	0.03%
	OLN	D	0.03%
	SNPS	D	0.03%
	CHKP	B	0.03%
	MLI	A	0.03%
	SLG	B	0.03%
	APA	F	0.03%
	LVS	D	0.03%
	LII	B	0.03%
	ADSK	C	0.03%
	CDNS	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%
	DECK	C	0.03%
	PANW	D	0.03%
	CCEP	B	0.03%
	BURL	B	0.03%
	HBI	B	0.03%
	CACI	B	0.03%
	WSO	C	0.03%
	IT	B	0.03%
	BCC	B	0.03%
	UFPI	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%
	AMG	C	0.03%
	OI	D	0.02%
	WST	D	0.02%
	UNFI	C	0.02%
	CZR	C	0.02%
	MIDD	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%
	LULU	D	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%
	ANSS	D	0.02%
	TTC	D	0.02%
	HUBG	C	0.02%
	AL	D	0.02%
	KBR	D	0.02%
	ALLE	B	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%
	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%
	ALGN	D	0.02%
	QRTEA	F	0.02%
	ST	D	0.02%
	DCI	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%
	POST	C	0.02%
	AXTA	B	0.02%
	TFX	C	0.02%
	ABG	D	0.02%
	ATR	B	0.02%
	IEX	D	0.02%
	BJ	D	0.02%
	JKHY	B	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%
	SEIC	C	0.02%
	EXP	B	0.02%
	CPT	B	0.02%
	G	C	0.02%
	NSIT	D	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%
	TTWO	C	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%
	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%
	WTRG	D	0.01%
	VAC	F	0.01%
	CHE	C	0.01%
	LW	D	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%
	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 12 Positions Relative to VTV

	Symbol	Grade	Weight
	RCL	B	-0.08%
	ZM	C	-0.07%
	UAL	C	-0.07%
	VLTO	C	-0.06%
	RPRX	C	-0.05%
	IBKR	B	-0.03%
	FOX	B	-0.02%
	EDR	A	-0.01%
	RKT	C	-0.01%
	AGR	B	-0.01%
	NWS	D	-0.0%
	LSXMK	D	-0.0%

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

VTV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Asset Management Banks - Regional - US Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Health Care Plans Semiconductors Utilities - Diversified Information Technology Services Oil & Gas E&P REIT - Residential Specialty Chemicals Aerospace & Defense Business Services Capital Markets Credit Services Diagnostics & Research Household & Personal Products

Keywords: S&P 500 Natural Gas Nasdaq 100 Electricity Insurance Dow Jones Component Bank Banking Aerospace Insurance Products Real Estate Investment Trust Telecommunications Computing Electronics Chemical Cash Management Disability Financial Products Investment Bank Medicine