FNDX vs. XVV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares ESG Screened S&P 500 ETF (XVV)

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

$24.39

Average Daily Volume

1,155,219

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

XVV

iShares ESG Screened S&P 500 ETF

XVV Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities while applying screens for company involvement in controversies and controversial business activities. The fund seeks to track the investment results of the S&P 500 Sustainability Screened Index, which measures the performance of the large-capitalization sector of the U.S. equity market while excluding companies involved in controversial business activities and controversies, as determined by S&P Dow Jones Indices LLC. BFA uses a representative sampling indexing strategy to manage the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$45.54

Average Daily Volume

29,748

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	XVV
30 Days	0.41%	1.13%
60 Days	3.02%	3.55%
90 Days	5.52%	5.27%
12 Months	27.57%	31.49%

412 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in XVV	Overlap
	A	F	0.05%	0.08%	0.05%
	AAPL	C	4.35%	7.53%	4.35%
	ABBV	F	0.49%	0.65%	0.49%
	ABT	A	0.34%	0.43%	0.34%
	ACGL	D	0.03%	0.08%	0.03%
	ACN	C	0.36%	0.49%	0.36%
	ADBE	D	0.2%	0.51%	0.2%
	ADI	D	0.13%	0.23%	0.13%
	ADM	D	0.21%	0.05%	0.05%
	ADP	B	0.15%	0.27%	0.15%
	ADSK	B	0.03%	0.14%	0.03%
	AFL	C	0.21%	0.12%	0.12%
	AIG	C	0.28%	0.11%	0.11%
	AIZ	A	0.03%	0.03%	0.03%
	AJG	B	0.05%	0.14%	0.05%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	B	0.03%	0.03%	0.03%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.27%	0.11%	0.11%
	ALLE	D	0.01%	0.03%	0.01%
	AMAT	F	0.24%	0.33%	0.24%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.49%	0.09%
	AME	A	0.05%	0.1%	0.05%
	AMGN	D	0.39%	0.35%	0.35%
	AMP	A	0.15%	0.12%	0.12%
	AMT	D	0.11%	0.2%	0.11%
	AMZN	B	1.56%	4.29%	1.56%
	ANET	C	0.04%	0.22%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	B	0.13%	0.18%	0.13%
	AOS	F	0.02%	0.02%	0.02%
	APD	A	0.13%	0.15%	0.13%
	APH	B	0.09%	0.19%	0.09%
	APTV	F	0.02%	0.03%	0.02%
	ARE	F	0.03%	0.04%	0.03%
	ATO	A	0.04%	0.05%	0.04%
	AVB	B	0.05%	0.07%	0.05%
	AVGO	C	0.61%	1.72%	0.61%
	AVY	D	0.04%	0.04%	0.04%
	AWK	C	0.04%	0.06%	0.04%
	AXP	B	0.36%	0.35%	0.35%
	AZO	C	0.06%	0.12%	0.06%
	BAC	A	1.3%	0.67%	0.67%
	BALL	D	0.06%	0.04%	0.04%
	BAX	F	0.07%	0.04%	0.04%
	BBY	D	0.16%	0.04%	0.04%
	BDX	F	0.11%	0.14%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.1%	0.03%	0.03%
	BIIB	F	0.09%	0.05%	0.05%
	BK	B	0.26%	0.12%	0.12%
	BKNG	A	0.24%	0.36%	0.24%
	BKR	B	0.16%	0.09%	0.09%
	BLDR	D	0.06%	0.05%	0.05%
	BLK	B	0.28%	0.32%	0.28%
	BMY	A	0.45%	0.26%	0.26%
	BR	B	0.03%	0.06%	0.03%
	BRK.A	B	2.17%	1.86%	1.86%
	BRO	B	0.02%	0.06%	0.02%
	BSX	A	0.09%	0.28%	0.09%
	BWA	D	0.05%	0.02%	0.02%
	BX	A	0.13%	0.28%	0.13%
	BXP	D	0.05%	0.02%	0.02%
	C	B	1.1%	0.28%	0.28%
	CAG	F	0.06%	0.03%	0.03%
	CAH	B	0.07%	0.06%	0.06%
	CARR	D	0.12%	0.14%	0.12%
	CAT	C	0.41%	0.41%	0.41%
	CB	C	0.26%	0.23%	0.23%
	CBOE	C	0.01%	0.04%	0.01%
	CBRE	B	0.13%	0.09%	0.09%
	CCI	C	0.09%	0.1%	0.09%
	CCL	A	0.06%	0.05%	0.05%
	CDNS	B	0.03%	0.18%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	C	0.1%	0.15%	0.1%
	CF	A	0.07%	0.03%	0.03%
	CFG	B	0.1%	0.05%	0.05%
	CHD	A	0.04%	0.06%	0.04%
	CHRW	B	0.08%	0.03%	0.03%
	CHTR	B	0.35%	0.08%	0.08%
	CI	D	0.48%	0.2%	0.2%
	CINF	A	0.07%	0.05%	0.05%
	CL	D	0.13%	0.16%	0.13%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.36%	0.36%
	CME	A	0.08%	0.18%	0.08%
	CMG	C	0.04%	0.18%	0.04%
	CMI	A	0.19%	0.11%	0.11%
	CNC	F	0.19%	0.07%	0.07%
	CNP	A	0.06%	0.04%	0.04%
	COF	B	0.48%	0.15%	0.15%
	COR	B	0.02%	0.09%	0.02%
	COST	A	0.66%	0.89%	0.66%
	CPAY	A	0.06%	0.06%	0.06%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	B	0.03%	0.11%	0.03%
	CPT	C	0.02%	0.03%	0.02%
	CRL	D	0.01%	0.02%	0.01%
	CRM	B	0.15%	0.7%	0.15%
	CSCO	B	0.82%	0.51%	0.51%
	CSX	C	0.22%	0.15%	0.15%
	CTAS	B	0.08%	0.16%	0.08%
	CTLT	D	0.02%	0.02%	0.02%
	CTSH	C	0.19%	0.09%	0.09%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	F	0.68%	0.15%	0.15%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.17%	0.1%	0.1%
	DAL	A	0.03%	0.09%	0.03%
	DE	C	0.23%	0.22%	0.22%
	DECK	A	0.03%	0.06%	0.03%
	DFS	B	0.26%	0.1%	0.1%
	DG	F	0.08%	0.04%	0.04%
	DGX	A	0.07%	0.04%	0.04%
	DHI	D	0.16%	0.1%	0.1%
	DHR	D	0.15%	0.33%	0.15%
	DIS	B	0.45%	0.43%	0.43%
	DLR	A	0.08%	0.12%	0.08%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	B	0.06%	0.06%	0.06%
	DOW	F	0.18%	0.07%	0.07%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	C	0.05%	0.04%	0.04%
	DVA	C	0.06%	0.02%	0.02%
	EA	A	0.09%	0.09%	0.09%
	EBAY	D	0.17%	0.07%	0.07%
	ECL	D	0.08%	0.14%	0.08%
	ED	C	0.12%	0.07%	0.07%
	EFX	F	0.03%	0.07%	0.03%
	EIX	C	0.1%	0.07%	0.07%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.36%	0.21%	0.21%
	EMR	A	0.17%	0.16%	0.16%
	EPAM	C	0.02%	0.03%	0.02%
	EQIX	A	0.08%	0.19%	0.08%
	EQR	C	0.05%	0.05%	0.05%
	ES	C	0.08%	0.05%	0.05%
	ESS	A	0.03%	0.04%	0.03%
	ETN	B	0.23%	0.31%	0.23%
	ETR	A	0.12%	0.07%	0.07%
	EW	C	0.04%	0.09%	0.04%
	EXC	C	0.17%	0.08%	0.08%
	EXPD	D	0.04%	0.04%	0.04%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	C	0.03%	0.08%	0.03%
	F	C	0.33%	0.09%	0.09%
	FAST	B	0.07%	0.1%	0.07%
	FCX	F	0.14%	0.13%	0.13%
	FDX	B	0.32%	0.14%	0.14%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.13%	0.26%	0.13%
	FIS	C	0.12%	0.1%	0.1%
	FITB	B	0.13%	0.07%	0.07%
	FMC	D	0.03%	0.02%	0.02%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	B	0.03%	0.13%	0.03%
	FTV	D	0.03%	0.06%	0.03%
	GDDY	A	0.03%	0.06%	0.03%
	GE	D	0.15%	0.42%	0.15%
	GEHC	D	0.09%	0.08%	0.08%
	GEN	B	0.04%	0.04%	0.04%
	GEV	A	0.04%	0.2%	0.04%
	GILD	C	0.37%	0.25%	0.25%
	GIS	F	0.11%	0.08%	0.08%
	GL	C	0.03%	0.02%	0.02%
	GLW	B	0.14%	0.08%	0.08%
	GM	B	0.79%	0.14%	0.14%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	B	1.14%	1.85%	1.14%
	GOOGL	B	1.33%	2.23%	1.33%
	GPC	F	0.05%	0.04%	0.04%
	GPN	C	0.09%	0.06%	0.06%
	GRMN	B	0.03%	0.07%	0.03%
	GS	B	0.62%	0.4%	0.4%
	HAL	C	0.06%	0.06%	0.06%
	HAS	D	0.03%	0.02%	0.02%
	HBAN	B	0.08%	0.05%	0.05%
	HCA	F	0.2%	0.14%	0.14%
	HD	A	0.8%	0.87%	0.8%
	HIG	B	0.14%	0.07%	0.07%
	HLT	A	0.06%	0.13%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HPE	B	0.21%	0.06%	0.06%
	HPQ	B	0.21%	0.08%	0.08%
	HRL	D	0.03%	0.02%	0.02%
	HSIC	C	0.04%	0.02%	0.02%
	HST	D	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.06%	0.04%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	D	0.19%	0.07%	0.07%
	HWM	A	0.07%	0.1%	0.07%
	ICE	C	0.11%	0.19%	0.11%
	IDXX	F	0.02%	0.08%	0.02%
	IEX	B	0.03%	0.04%	0.03%
	IFF	D	0.05%	0.05%	0.05%
	INTC	C	0.89%	0.23%	0.23%
	INTU	B	0.11%	0.43%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	A	0.17%	0.04%	0.04%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.07%	0.08%	0.07%
	IR	B	0.03%	0.09%	0.03%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	A	0.09%	0.41%	0.09%
	IT	C	0.03%	0.09%	0.03%
	ITW	B	0.15%	0.16%	0.15%
	IVZ	C	0.05%	0.02%	0.02%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	C	0.06%	0.03%	0.03%
	JCI	B	0.16%	0.12%	0.12%
	JKHY	D	0.02%	0.03%	0.02%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.03%	1.49%	1.49%
	K	B	0.07%	0.05%	0.05%
	KDP	D	0.07%	0.08%	0.07%
	KEY	B	0.1%	0.04%	0.04%
	KEYS	C	0.04%	0.06%	0.04%
	KHC	F	0.09%	0.06%	0.06%
	KIM	A	0.03%	0.04%	0.03%
	KKR	A	0.12%	0.22%	0.12%
	KLAC	F	0.08%	0.19%	0.08%
	KMB	C	0.1%	0.1%	0.1%
	KMI	A	0.23%	0.11%	0.11%
	KMX	C	0.06%	0.03%	0.03%
	KO	D	0.35%	0.53%	0.35%
	KR	B	0.3%	0.09%	0.09%
	L	A	0.05%	0.03%	0.03%
	LEN	D	0.16%	0.09%	0.09%
	LH	B	0.09%	0.04%	0.04%
	LIN	D	0.33%	0.47%	0.33%
	LKQ	F	0.05%	0.02%	0.02%
	LLY	F	0.2%	1.35%	0.2%
	LOW	C	0.43%	0.33%	0.33%
	LRCX	F	0.15%	0.21%	0.15%
	LULU	C	0.01%	0.08%	0.01%
	LUV	B	0.02%	0.04%	0.02%
	LVS	B	0.04%	0.04%	0.04%
	LW	C	0.02%	0.03%	0.02%
	LYB	F	0.14%	0.05%	0.05%
	MA	B	0.29%	0.93%	0.29%
	MAA	A	0.03%	0.04%	0.03%
	MAR	B	0.09%	0.14%	0.09%
	MAS	D	0.05%	0.04%	0.04%
	MCD	D	0.34%	0.47%	0.34%
	MCHP	F	0.05%	0.08%	0.05%
	MCK	A	0.11%	0.17%	0.11%
	MCO	D	0.07%	0.16%	0.07%
	MDLZ	F	0.2%	0.19%	0.19%
	MDT	D	0.16%	0.24%	0.16%
	MET	A	0.26%	0.11%	0.11%
	META	C	1.79%	2.74%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MHK	D	0.06%	0.02%	0.02%
	MKC	D	0.03%	0.04%	0.03%
	MLM	B	0.04%	0.08%	0.04%
	MMC	D	0.14%	0.24%	0.14%
	MNST	C	0.05%	0.09%	0.05%
	MOH	F	0.05%	0.04%	0.04%
	MOS	D	0.06%	0.02%	0.02%
	MPC	D	0.4%	0.11%	0.11%
	MRK	F	0.42%	0.54%	0.42%
	MRNA	F	0.03%	0.03%	0.03%
	MS	A	0.46%	0.36%	0.36%
	MSCI	B	0.03%	0.1%	0.03%
	MSFT	D	2.43%	6.89%	2.43%
	MSI	B	0.07%	0.18%	0.07%
	MTB	A	0.11%	0.08%	0.08%
	MTD	F	0.03%	0.06%	0.03%
	MU	D	0.38%	0.24%	0.24%
	NDAQ	A	0.03%	0.07%	0.03%
	NDSN	D	0.02%	0.03%	0.02%
	NEE	C	0.24%	0.34%	0.24%
	NEM	D	0.13%	0.1%	0.1%
	NFLX	A	0.17%	0.78%	0.17%
	NKE	F	0.19%	0.2%	0.19%
	NOW	B	0.01%	0.46%	0.01%
	NSC	B	0.21%	0.13%	0.13%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.05%	0.05%
	NUE	D	0.19%	0.08%	0.08%
	NVDA	A	0.4%	7.83%	0.4%
	NVR	D	0.08%	0.06%	0.06%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	F	0.05%	0.12%	0.05%
	O	C	0.04%	0.11%	0.04%
	ODFL	B	0.06%	0.09%	0.06%
	OKE	A	0.14%	0.14%	0.14%
	OMC	C	0.08%	0.05%	0.05%
	ON	F	0.04%	0.06%	0.04%
	ORCL	A	0.5%	0.65%	0.5%
	ORLY	B	0.11%	0.16%	0.11%
	OTIS	C	0.05%	0.09%	0.05%
	PANW	B	0.03%	0.28%	0.03%
	PARA	D	0.11%	0.01%	0.01%
	PAYX	B	0.06%	0.1%	0.06%
	PCAR	C	0.15%	0.13%	0.13%
	PEG	C	0.11%	0.09%	0.09%
	PEP	F	0.41%	0.49%	0.41%
	PFE	F	0.68%	0.32%	0.32%
	PFG	C	0.09%	0.04%	0.04%
	PG	C	0.77%	0.85%	0.77%
	PGR	B	0.23%	0.33%	0.23%
	PH	B	0.13%	0.19%	0.13%
	PHM	D	0.11%	0.06%	0.06%
	PKG	B	0.07%	0.05%	0.05%
	PLD	D	0.07%	0.23%	0.07%
	PNC	B	0.3%	0.18%	0.18%
	PNR	B	0.04%	0.04%	0.04%
	POOL	D	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.06%	0.06%
	PRU	B	0.22%	0.1%	0.1%
	PSA	C	0.05%	0.11%	0.05%
	PSX	C	0.36%	0.12%	0.12%
	PWR	A	0.07%	0.1%	0.07%
	PYPL	B	0.22%	0.19%	0.19%
	QCOM	F	0.43%	0.4%	0.4%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.03%	0.02%
	REGN	F	0.1%	0.18%	0.1%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.05%	0.06%	0.05%
	RL	C	0.03%	0.02%	0.02%
	RMD	C	0.03%	0.07%	0.03%
	ROK	B	0.06%	0.07%	0.06%
	ROP	C	0.05%	0.13%	0.05%
	ROST	D	0.07%	0.1%	0.07%
	RSG	A	0.06%	0.09%	0.06%
	RVTY	D	0.03%	0.03%	0.03%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.28%	0.24%	0.24%
	SCHW	A	0.13%	0.26%	0.13%
	SHW	C	0.08%	0.2%	0.08%
	SJM	D	0.05%	0.03%	0.03%
	SLB	C	0.12%	0.13%	0.12%
	SNA	B	0.06%	0.04%	0.04%
	SNPS	C	0.03%	0.18%	0.03%
	SPG	A	0.1%	0.12%	0.1%
	SPGI	D	0.15%	0.35%	0.15%
	SRE	A	0.13%	0.12%	0.12%
	STE	D	0.03%	0.05%	0.03%
	STLD	B	0.11%	0.04%	0.04%
	STT	B	0.1%	0.06%	0.06%
	STX	D	0.09%	0.04%	0.04%
	STZ	D	0.07%	0.08%	0.07%
	SW	A	0.09%	0.05%	0.05%
	SWK	F	0.07%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.34%	0.06%	0.06%
	SYK	A	0.13%	0.28%	0.13%
	SYY	D	0.1%	0.08%	0.08%
	T	A	1.27%	0.35%	0.35%
	TAP	B	0.05%	0.02%	0.02%
	TER	F	0.04%	0.04%	0.04%
	TFC	A	0.23%	0.13%	0.13%
	TFX	F	0.02%	0.02%	0.02%
	TGT	B	0.38%	0.15%	0.15%
	TJX	A	0.22%	0.29%	0.22%
	TMO	F	0.25%	0.44%	0.25%
	TMUS	B	0.25%	0.25%	0.25%
	TPR	B	0.05%	0.03%	0.03%
	TRGP	A	0.07%	0.09%	0.07%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	B	0.13%	0.06%	0.06%
	TRV	A	0.31%	0.13%	0.13%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	A	0.28%	1.87%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	A	0.06%	0.2%	0.06%
	TTWO	A	0.03%	0.06%	0.03%
	TXN	C	0.34%	0.41%	0.34%
	UBER	F	0.04%	0.33%	0.04%
	UDR	C	0.02%	0.03%	0.02%
	UHS	D	0.08%	0.03%	0.03%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.22%	1.19%	1.19%
	UNP	D	0.35%	0.31%	0.31%
	UPS	C	0.28%	0.21%	0.21%
	URI	B	0.13%	0.12%	0.12%
	USB	B	0.32%	0.17%	0.17%
	V	A	0.36%	1.12%	0.36%
	VICI	C	0.02%	0.07%	0.02%
	VLO	C	0.39%	0.1%	0.1%
	VMC	B	0.05%	0.08%	0.05%
	VRSK	B	0.04%	0.09%	0.04%
	VRSN	F	0.01%	0.03%	0.01%
	VRTX	D	0.07%	0.27%	0.07%
	VTR	B	0.08%	0.06%	0.06%
	VTRS	A	0.1%	0.03%	0.03%
	VZ	C	1.13%	0.37%	0.37%
	WAB	B	0.06%	0.07%	0.06%
	WAT	C	0.04%	0.05%	0.04%
	WBA	F	0.17%	0.01%	0.01%
	WBD	B	0.08%	0.05%	0.05%
	WDC	F	0.12%	0.04%	0.04%
	WELL	A	0.1%	0.17%	0.1%
	WFC	A	1.35%	0.54%	0.54%
	WM	B	0.15%	0.18%	0.15%
	WMB	A	0.17%	0.15%	0.15%
	WRB	B	0.03%	0.04%	0.03%
	WST	D	0.02%	0.05%	0.02%
	WTW	B	0.07%	0.07%	0.07%
	WY	D	0.09%	0.05%	0.05%
	XYL	D	0.03%	0.06%	0.03%
	YUM	D	0.08%	0.08%	0.08%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.05%	0.04%
	ZTS	D	0.07%	0.17%	0.07%

FNDX Overweight 309 Positions Relative to XVV

	Symbol	Grade	Weight
	XOM	B	1.99%
	WMT	A	1.47%
	CVX	A	1.25%
	JNJ	D	0.89%
	LUMN	C	0.65%
	IBM	C	0.54%
	PM	A	0.48%
	COP	B	0.48%
	LMT	D	0.37%
	HON	B	0.37%
	MO	A	0.37%
	MMM	D	0.35%
	RTX	D	0.34%
	DUK	C	0.3%
	SO	C	0.26%
	EOG	A	0.23%
	GD	D	0.21%
	NOC	D	0.2%
	DD	D	0.17%
	AEP	C	0.16%
	VST	A	0.16%
	LHX	B	0.16%
	XEL	A	0.12%
	OXY	F	0.11%
	PPL	A	0.11%
	BA	D	0.11%
	ALLY	C	0.1%
	NRG	B	0.1%
	MRO	A	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	ARW	F	0.08%
	EMN	D	0.08%
	USFD	A	0.08%
	WHR	B	0.08%
	GWW	B	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	OC	A	0.07%
	VFC	C	0.07%
	CMA	B	0.07%
	AEE	A	0.07%
	THC	C	0.07%
	EVRG	A	0.07%
	R	B	0.07%
	X	C	0.07%
	LAD	B	0.07%
	AVT	C	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	OVV	C	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	UNM	A	0.06%
	CMS	C	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	LNG	A	0.06%
	FLEX	B	0.06%
	PFGC	B	0.06%
	EME	A	0.06%
	FNF	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	NI	A	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	AES	F	0.05%
	AN	D	0.05%
	KD	A	0.05%
	DXC	D	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	FANG	D	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	J	D	0.05%
	SFM	A	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	FBIN	F	0.04%
	LPX	B	0.04%
	BCC	C	0.04%
	GAP	D	0.04%
	SSNC	C	0.04%
	OSK	C	0.04%
	AMG	C	0.04%
	ZIM	A	0.04%
	UFPI	C	0.04%
	FYBR	C	0.04%
	RPM	B	0.04%
	CNO	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	B	0.04%
	TMHC	B	0.04%
	CCK	D	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	B	0.04%
	RHI	C	0.04%
	LNT	A	0.04%
	FAF	C	0.04%
	MUSA	B	0.04%
	BERY	D	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	PNW	B	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	C	0.04%
	KNX	B	0.04%
	WSM	D	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	EQT	A	0.04%
	MRVL	B	0.04%
	UGI	C	0.04%
	DELL	B	0.03%
	EXP	B	0.03%
	SEE	D	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	AR	B	0.03%
	SCI	A	0.03%
	ACI	C	0.03%
	TDY	B	0.03%
	GNTX	F	0.03%
	AAP	D	0.03%
	TRU	D	0.03%
	BTU	C	0.03%
	SQ	A	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	C	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	D	0.03%
	APO	A	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	ARMK	C	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	F	0.03%
	CACI	C	0.03%
	APA	F	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	HII	F	0.03%
	EWBC	A	0.03%
	WU	F	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	BAH	D	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	A	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	MLI	B	0.03%
	WLK	F	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	EG	D	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	A	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	B	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	D	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	MIDD	D	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	F	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	B	0.02%
	OI	D	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	NAVI	F	0.02%
	SM	C	0.02%
	CCEP	D	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	F	0.02%
	TPX	B	0.02%
	PII	F	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	PENN	C	0.02%
	HOG	F	0.02%
	NOV	D	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	C	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	F	0.02%
	CC	D	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	D	0.02%
	PK	D	0.02%
	BRX	A	0.02%
	MTG	D	0.02%
	ABM	B	0.02%
	DAR	B	0.02%
	ATR	B	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	RUSHA	B	0.02%
	SAIC	F	0.02%
	REZI	A	0.02%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	SOLV	F	0.02%
	VSH	F	0.01%
	ANDE	F	0.01%
	LILAK	F	0.01%
	CNXC	F	0.01%
	DBX	C	0.01%
	ICLR	F	0.01%
	WTRG	B	0.01%
	MSM	D	0.01%
	SPTN	F	0.01%
	CHE	F	0.01%
	MMS	D	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	C	0.01%
	BLD	F	0.01%
	TNL	B	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	HRB	D	0.01%
	XRAY	D	0.01%
	DK	D	0.01%
	HTZ	C	0.01%
	DAN	F	0.01%
	UNFI	B	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 31 Positions Relative to XVV

	Symbol	Grade	Weight
	CRWD	B	-0.17%
	ABNB	D	-0.13%
	RCL	A	-0.12%
	FICO	B	-0.12%
	AXON	A	-0.1%
	TEL	C	-0.1%
	UAL	A	-0.07%
	CSGP	F	-0.07%
	VLTO	C	-0.06%
	TYL	B	-0.06%
	MPWR	F	-0.06%
	DXCM	C	-0.06%
	PTC	B	-0.05%
	PODD	B	-0.04%
	FDS	B	-0.04%
	COO	D	-0.04%
	LYV	A	-0.04%
	TECH	F	-0.03%
	NCLH	B	-0.03%
	DAY	B	-0.03%
	INCY	C	-0.03%
	ROL	B	-0.03%
	MTCH	F	-0.02%
	ENPH	F	-0.02%
	FRT	B	-0.02%
	WYNN	D	-0.02%
	SMCI	F	-0.02%
	MKTX	D	-0.02%
	PAYC	B	-0.02%
	NWS	A	-0.01%
	FOX	A	-0.01%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric 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

XVV: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Semiconductors Diagnostics & Research Asset Management Banks - Regional - US Capital Markets Medical Instruments & Supplies Packaged Foods Drug Manufacturers - Major Medical Devices Specialty Retail Credit Services Health Care Plans Insurance - Property & Casualty REIT - Residential Specialty Chemicals Household & Personal Products Internet Content & Information

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