IWD vs. FNDX ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

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

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FNDX
30 Days	3.53%	3.67%
60 Days	4.90%	4.58%
90 Days	6.95%	6.53%
12 Months	29.54%	29.67%

596 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in FNDX	Overlap
	A	D	0.15%	0.05%	0.05%
	AA	B	0.04%	0.06%	0.04%
	AAL	B	0.03%	0.01%	0.01%
	AAP	C	0.01%	0.03%	0.01%
	ABBV	D	0.65%	0.49%	0.49%
	ABT	B	0.78%	0.34%	0.34%
	ACGL	D	0.14%	0.03%	0.03%
	ACI	C	0.03%	0.03%	0.03%
	ACM	A	0.06%	0.05%	0.05%
	ACN	C	0.86%	0.36%	0.36%
	ADI	D	0.4%	0.13%	0.13%
	ADM	D	0.1%	0.21%	0.1%
	ADP	B	0.03%	0.15%	0.03%
	AEE	A	0.09%	0.07%	0.07%
	AEP	D	0.2%	0.16%	0.16%
	AES	F	0.04%	0.05%	0.04%
	AFG	A	0.04%	0.05%	0.04%
	AFL	B	0.24%	0.21%	0.21%
	AGCO	D	0.02%	0.03%	0.02%
	AIG	B	0.19%	0.28%	0.19%
	AIZ	A	0.04%	0.03%	0.03%
	AJG	B	0.23%	0.05%	0.05%
	AKAM	D	0.05%	0.03%	0.03%
	AL	B	0.02%	0.02%	0.02%
	ALB	C	0.05%	0.03%	0.03%
	ALGN	D	0.03%	0.02%	0.02%
	ALK	C	0.03%	0.02%	0.02%
	ALL	A	0.17%	0.27%	0.17%
	ALLE	D	0.05%	0.01%	0.01%
	ALLY	C	0.03%	0.1%	0.03%
	ALSN	B	0.04%	0.05%	0.04%
	AMAT	F	0.04%	0.24%	0.04%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.29%	0.09%	0.09%
	AME	A	0.17%	0.05%	0.05%
	AMG	B	0.02%	0.04%	0.02%
	AMGN	D	0.13%	0.39%	0.13%
	AMP	A	0.02%	0.15%	0.02%
	AN	C	0.02%	0.05%	0.02%
	ANSS	B	0.11%	0.02%	0.02%
	AON	A	0.29%	0.13%	0.13%
	AOS	F	0.03%	0.02%	0.02%
	APA	D	0.03%	0.03%	0.03%
	APD	A	0.27%	0.13%	0.13%
	APH	A	0.14%	0.09%	0.09%
	APO	B	0.08%	0.03%	0.03%
	APTV	D	0.06%	0.02%	0.02%
	AR	B	0.03%	0.03%	0.03%
	ARE	D	0.07%	0.03%	0.03%
	ARMK	B	0.04%	0.03%	0.03%
	ARW	D	0.02%	0.08%	0.02%
	ATO	A	0.08%	0.04%	0.04%
	ATR	B	0.04%	0.02%	0.02%
	AVB	B	0.13%	0.05%	0.05%
	AVT	C	0.02%	0.07%	0.02%
	AVTR	F	0.05%	0.02%	0.02%
	AVY	D	0.04%	0.04%	0.04%
	AWK	D	0.1%	0.04%	0.04%
	AXP	A	0.39%	0.36%	0.36%
	AXTA	A	0.03%	0.02%	0.02%
	AYI	B	0.04%	0.04%	0.04%
	AZO	C	0.02%	0.06%	0.02%
	BA	F	0.31%	0.11%	0.11%
	BAC	A	1.23%	1.3%	1.23%
	BALL	D	0.07%	0.06%	0.06%
	BAX	D	0.06%	0.07%	0.06%
	BBWI	D	0.03%	0.03%	0.03%
	BBY	D	0.08%	0.16%	0.08%
	BC	C	0.02%	0.03%	0.02%
	BDX	F	0.25%	0.11%	0.11%
	BEN	C	0.02%	0.04%	0.02%
	BERY	B	0.03%	0.04%	0.03%
	BG	F	0.05%	0.1%	0.05%
	BIIB	F	0.09%	0.09%	0.09%
	BJ	A	0.04%	0.02%	0.02%
	BK	A	0.22%	0.26%	0.22%
	BKNG	A	0.04%	0.24%	0.04%
	BKR	B	0.17%	0.16%	0.16%
	BLD	D	0.04%	0.01%	0.01%
	BLDR	D	0.07%	0.06%	0.06%
	BLK	C	0.6%	0.28%	0.28%
	BMY	B	0.44%	0.45%	0.44%
	BPOP	B	0.02%	0.02%	0.02%
	BR	A	0.01%	0.03%	0.01%
	BRK.A	B	3.35%	2.17%	2.17%
	BRO	B	0.06%	0.02%	0.02%
	BRX	A	0.03%	0.02%	0.02%
	BSX	B	0.5%	0.09%	0.09%
	BWA	D	0.03%	0.05%	0.03%
	BXP	D	0.05%	0.05%	0.05%
	C	A	0.51%	1.1%	0.51%
	CACI	D	0.04%	0.03%	0.03%
	CAG	D	0.05%	0.06%	0.05%
	CAH	B	0.05%	0.07%	0.05%
	CAR	C	0.0%	0.03%	0.0%
	CARR	D	0.24%	0.12%	0.12%
	CASY	A	0.05%	0.05%	0.05%
	CAT	B	0.63%	0.41%	0.41%
	CB	C	0.45%	0.26%	0.26%
	CBOE	B	0.08%	0.01%	0.01%
	CBRE	B	0.16%	0.13%	0.13%
	CC	C	0.01%	0.02%	0.01%
	CCI	D	0.18%	0.09%	0.09%
	CCK	C	0.04%	0.04%	0.04%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.04%	0.04%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.23%	0.1%	0.1%
	CF	B	0.06%	0.07%	0.06%
	CFG	B	0.08%	0.1%	0.08%
	CG	A	0.04%	0.03%	0.03%
	CHD	B	0.1%	0.04%	0.04%
	CHE	D	0.03%	0.01%	0.01%
	CHRW	C	0.05%	0.08%	0.05%
	CHTR	C	0.14%	0.35%	0.14%
	CI	F	0.32%	0.48%	0.32%
	CIEN	B	0.04%	0.03%	0.03%
	CINF	A	0.09%	0.07%	0.07%
	CL	D	0.13%	0.13%	0.13%
	CLF	F	0.01%	0.03%	0.01%
	CMA	A	0.04%	0.07%	0.04%
	CMCSA	B	0.64%	0.83%	0.64%
	CME	A	0.32%	0.08%	0.08%
	CMI	A	0.19%	0.19%	0.19%
	CMS	C	0.08%	0.06%	0.06%
	CNC	D	0.12%	0.19%	0.12%
	CNH	C	0.04%	0.02%	0.02%
	CNP	B	0.08%	0.06%	0.06%
	CNXC	F	0.01%	0.01%	0.01%
	COF	B	0.27%	0.48%	0.27%
	COHR	B	0.05%	0.02%	0.02%
	COP	C	0.51%	0.48%	0.48%
	CPB	D	0.03%	0.03%	0.03%
	CPRI	F	0.01%	0.01%	0.01%
	CPRT	A	0.01%	0.03%	0.01%
	CPT	B	0.05%	0.02%	0.02%
	CRI	D	0.01%	0.01%	0.01%
	CRL	C	0.04%	0.01%	0.01%
	CRM	B	0.18%	0.15%	0.15%
	CSCO	B	0.91%	0.82%	0.82%
	CSL	C	0.07%	0.05%	0.05%
	CSX	B	0.27%	0.22%	0.22%
	CTAS	B	0.01%	0.08%	0.01%
	CTLT	B	0.04%	0.02%	0.02%
	CTRA	B	0.07%	0.03%	0.03%
	CTSH	B	0.15%	0.19%	0.15%
	CTVA	C	0.15%	0.09%	0.09%
	CVS	D	0.26%	0.68%	0.26%
	CVX	A	1.08%	1.25%	1.08%
	CW	B	0.05%	0.03%	0.03%
	CZR	F	0.03%	0.02%	0.02%
	D	C	0.19%	0.17%	0.17%
	DAL	C	0.16%	0.03%	0.03%
	DAR	C	0.03%	0.02%	0.02%
	DBX	B	0.02%	0.01%	0.01%
	DCI	B	0.04%	0.02%	0.02%
	DD	D	0.13%	0.17%	0.13%
	DE	A	0.39%	0.23%	0.23%
	DELL	C	0.12%	0.03%	0.03%
	DFS	B	0.17%	0.26%	0.17%
	DG	F	0.06%	0.08%	0.06%
	DGX	A	0.07%	0.07%	0.07%
	DHI	D	0.19%	0.16%	0.16%
	DHR	F	0.58%	0.15%	0.15%
	DINO	D	0.03%	0.05%	0.03%
	DIS	B	0.82%	0.45%	0.45%
	DKS	C	0.04%	0.04%	0.04%
	DLR	B	0.23%	0.08%	0.08%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.11%	0.06%	0.06%
	DOW	F	0.12%	0.18%	0.12%
	DOX	D	0.04%	0.04%	0.04%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.05%	0.04%
	DTE	C	0.1%	0.07%	0.07%
	DUK	C	0.34%	0.3%	0.3%
	DVN	F	0.09%	0.09%	0.09%
	DXC	B	0.01%	0.05%	0.01%
	EA	A	0.17%	0.09%	0.09%
	EBAY	D	0.12%	0.17%	0.12%
	ECL	D	0.03%	0.08%	0.03%
	ED	D	0.13%	0.12%	0.12%
	EFX	F	0.09%	0.03%	0.03%
	EG	C	0.05%	0.02%	0.02%
	EHC	B	0.04%	0.02%	0.02%
	EIX	B	0.12%	0.1%	0.1%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.3%	0.36%	0.3%
	EME	C	0.05%	0.06%	0.05%
	EMN	D	0.05%	0.08%	0.05%
	EMR	A	0.28%	0.17%	0.17%
	EOG	A	0.3%	0.23%	0.23%
	EPAM	C	0.05%	0.02%	0.02%
	EQIX	A	0.31%	0.08%	0.08%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.09%	0.04%	0.04%
	ES	D	0.08%	0.08%	0.08%
	ESS	B	0.07%	0.03%	0.03%
	ETN	A	0.56%	0.23%	0.23%
	ETR	B	0.12%	0.12%	0.12%
	EVR	B	0.04%	0.04%	0.04%
	EVRG	A	0.06%	0.07%	0.06%
	EW	C	0.13%	0.04%	0.04%
	EWBC	A	0.06%	0.03%	0.03%
	EXC	C	0.15%	0.17%	0.15%
	EXP	A	0.01%	0.03%	0.01%
	EXPD	D	0.06%	0.04%	0.04%
	EXR	D	0.13%	0.03%	0.03%
	F	C	0.17%	0.33%	0.17%
	FAF	A	0.03%	0.04%	0.03%
	FANG	D	0.13%	0.05%	0.05%
	FAST	B	0.03%	0.07%	0.03%
	FBIN	D	0.04%	0.04%	0.04%
	FCNCA	A	0.1%	0.02%	0.02%
	FCX	D	0.24%	0.14%	0.14%
	FDX	B	0.26%	0.32%	0.26%
	FE	C	0.09%	0.09%	0.09%
	FFIV	B	0.05%	0.03%	0.03%
	FHN	A	0.04%	0.03%	0.03%
	FI	A	0.32%	0.13%	0.13%
	FIS	C	0.19%	0.12%	0.12%
	FITB	A	0.12%	0.13%	0.12%
	FLO	D	0.02%	0.02%	0.02%
	FMC	D	0.03%	0.03%	0.03%
	FNF	B	0.06%	0.06%	0.06%
	FOXA	B	0.04%	0.1%	0.04%
	FSLR	F	0.08%	0.01%	0.01%
	FTI	A	0.05%	0.01%	0.01%
	FTNT	C	0.04%	0.03%	0.03%
	FTV	C	0.1%	0.03%	0.03%
	FYBR	D	0.03%	0.04%	0.03%
	G	B	0.03%	0.03%	0.03%
	GAP	C	0.02%	0.04%	0.02%
	GD	F	0.31%	0.21%	0.21%
	GE	D	0.59%	0.15%	0.15%
	GEHC	F	0.13%	0.09%	0.09%
	GEN	B	0.06%	0.04%	0.04%
	GEV	B	0.35%	0.04%	0.04%
	GGG	B	0.06%	0.02%	0.02%
	GILD	C	0.43%	0.37%	0.37%
	GIS	D	0.14%	0.11%	0.11%
	GL	B	0.04%	0.03%	0.03%
	GLPI	C	0.05%	0.02%	0.02%
	GLW	B	0.14%	0.14%	0.14%
	GM	B	0.25%	0.79%	0.25%
	GNRC	B	0.02%	0.02%	0.02%
	GNTX	C	0.03%	0.03%	0.03%
	GPC	D	0.07%	0.05%	0.05%
	GPK	C	0.03%	0.03%	0.03%
	GPN	B	0.12%	0.09%	0.09%
	GRMN	B	0.13%	0.03%	0.03%
	GS	A	0.53%	0.62%	0.53%
	GWW	B	0.03%	0.08%	0.03%
	GXO	B	0.03%	0.02%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.03%	0.0%
	HBAN	A	0.1%	0.08%	0.08%
	HCA	F	0.19%	0.2%	0.19%
	HD	A	0.32%	0.8%	0.32%
	HES	B	0.06%	0.06%	0.06%
	HIG	B	0.13%	0.14%	0.13%
	HII	D	0.03%	0.03%	0.03%
	HLT	A	0.12%	0.06%	0.06%
	HOG	D	0.02%	0.02%	0.02%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.49%	0.37%	0.37%
	HPE	B	0.11%	0.21%	0.11%
	HPQ	B	0.11%	0.21%	0.11%
	HRB	D	0.03%	0.01%	0.01%
	HRL	D	0.03%	0.03%	0.03%
	HSIC	B	0.03%	0.04%	0.03%
	HST	C	0.05%	0.04%	0.04%
	HSY	F	0.08%	0.04%	0.04%
	HUBB	B	0.09%	0.03%	0.03%
	HUM	C	0.13%	0.19%	0.13%
	HUN	F	0.01%	0.03%	0.01%
	HWM	A	0.17%	0.07%	0.07%
	IBM	C	0.73%	0.54%	0.54%
	ICE	C	0.34%	0.11%	0.11%
	IEX	B	0.07%	0.03%	0.03%
	IFF	D	0.09%	0.05%	0.05%
	ILMN	D	0.08%	0.03%	0.03%
	INGR	B	0.04%	0.05%	0.04%
	INTC	D	0.4%	0.89%	0.4%
	INVH	D	0.08%	0.03%	0.03%
	IP	B	0.08%	0.17%	0.08%
	IPG	D	0.04%	0.04%	0.04%
	IQV	D	0.12%	0.07%	0.07%
	IR	B	0.16%	0.03%	0.03%
	IRM	D	0.06%	0.06%	0.06%
	ITT	A	0.05%	0.03%	0.03%
	ITW	B	0.2%	0.15%	0.15%
	IVZ	B	0.03%	0.05%	0.03%
	J	F	0.07%	0.05%	0.05%
	JAZZ	B	0.03%	0.01%	0.01%
	JBHT	C	0.06%	0.05%	0.05%
	JBL	B	0.05%	0.06%	0.05%
	JCI	C	0.22%	0.16%	0.16%
	JEF	A	0.04%	0.06%	0.04%
	JHG	A	0.02%	0.03%	0.02%
	JKHY	D	0.05%	0.02%	0.02%
	JLL	D	0.03%	0.08%	0.03%
	JNJ	D	1.45%	0.89%	0.89%
	JNPR	F	0.05%	0.05%	0.05%
	JPM	A	2.74%	2.03%	2.03%
	JWN	C	0.01%	0.01%	0.01%
	K	A	0.08%	0.07%	0.07%
	KBR	F	0.03%	0.02%	0.02%
	KD	B	0.02%	0.05%	0.02%
	KDP	D	0.14%	0.07%	0.07%
	KEY	B	0.07%	0.1%	0.07%
	KEYS	A	0.1%	0.04%	0.04%
	KHC	F	0.11%	0.09%	0.09%
	KIM	A	0.06%	0.03%	0.03%
	KKR	A	0.28%	0.12%	0.12%
	KMB	D	0.1%	0.1%	0.1%
	KMI	A	0.21%	0.23%	0.21%
	KMX	B	0.04%	0.06%	0.04%
	KNX	B	0.03%	0.04%	0.03%
	KO	D	0.4%	0.35%	0.35%
	KR	B	0.15%	0.3%	0.15%
	KSS	F	0.01%	0.06%	0.01%
	KVUE	A	0.18%	0.05%	0.05%
	L	A	0.06%	0.05%	0.05%
	LAD	A	0.04%	0.07%	0.04%
	LAMR	D	0.03%	0.02%	0.02%
	LDOS	C	0.08%	0.07%	0.07%
	LEA	D	0.02%	0.05%	0.02%
	LECO	B	0.03%	0.02%	0.02%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.16%	0.16%	0.16%
	LEN	D	0.01%	0.16%	0.01%
	LH	C	0.08%	0.09%	0.08%
	LHX	C	0.18%	0.16%	0.16%
	LIN	D	0.84%	0.33%	0.33%
	LKQ	D	0.04%	0.05%	0.04%
	LMT	D	0.3%	0.37%	0.3%
	LNC	B	0.02%	0.05%	0.02%
	LNG	B	0.09%	0.06%	0.06%
	LNT	A	0.06%	0.04%	0.04%
	LOW	D	0.6%	0.43%	0.43%
	LPX	B	0.01%	0.04%	0.01%
	LSTR	D	0.03%	0.03%	0.03%
	LUV	C	0.08%	0.02%	0.02%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.08%	0.14%	0.08%
	M	D	0.02%	0.06%	0.02%
	MAA	B	0.07%	0.03%	0.03%
	MAN	D	0.01%	0.04%	0.01%
	MAR	B	0.25%	0.09%	0.09%
	MAS	D	0.07%	0.05%	0.05%
	MCD	D	0.77%	0.34%	0.34%
	MCHP	D	0.13%	0.05%	0.05%
	MCK	B	0.17%	0.11%	0.11%
	MDLZ	F	0.34%	0.2%	0.2%
	MDT	D	0.44%	0.16%	0.16%
	MDU	D	0.01%	0.02%	0.01%
	MET	A	0.19%	0.26%	0.19%
	MGM	D	0.03%	0.06%	0.03%
	MHK	D	0.03%	0.06%	0.03%
	MIDD	C	0.03%	0.02%	0.02%
	MKC	D	0.07%	0.03%	0.03%
	MKL	A	0.07%	0.05%	0.05%
	MKSI	C	0.03%	0.02%	0.02%
	MLM	B	0.13%	0.04%	0.04%
	MMC	B	0.37%	0.14%	0.14%
	MMM	D	0.23%	0.35%	0.23%
	MNST	C	0.03%	0.05%	0.03%
	MO	A	0.37%	0.37%	0.37%
	MOH	F	0.02%	0.05%	0.02%
	MOS	F	0.03%	0.06%	0.03%
	MPC	D	0.22%	0.4%	0.22%
	MPW	F	0.01%	0.02%	0.01%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	B	0.06%	0.09%	0.06%
	MRVL	B	0.27%	0.04%	0.04%
	MS	A	0.57%	0.46%	0.46%
	MSCI	C	0.07%	0.03%	0.03%
	MSI	B	0.16%	0.07%	0.07%
	MSM	C	0.01%	0.01%	0.01%
	MTB	A	0.14%	0.11%	0.11%
	MTD	D	0.1%	0.03%	0.03%
	MTG	C	0.03%	0.02%	0.02%
	MTN	C	0.0%	0.02%	0.0%
	MTZ	B	0.03%	0.03%	0.03%
	MU	D	0.41%	0.38%	0.38%
	NDAQ	A	0.13%	0.03%	0.03%
	NDSN	B	0.06%	0.02%	0.02%
	NEE	D	0.61%	0.24%	0.24%
	NEM	D	0.18%	0.13%	0.13%
	NFG	A	0.02%	0.02%	0.02%
	NI	A	0.06%	0.05%	0.05%
	NKE	D	0.14%	0.19%	0.14%
	NOC	D	0.27%	0.2%	0.2%
	NOV	C	0.02%	0.02%	0.02%
	NRG	B	0.04%	0.1%	0.04%
	NSC	B	0.23%	0.21%	0.21%
	NTAP	C	0.05%	0.07%	0.05%
	NTRS	A	0.08%	0.08%	0.08%
	NUE	C	0.14%	0.19%	0.14%
	NVR	D	0.1%	0.08%	0.08%
	NVT	B	0.05%	0.02%	0.02%
	NWL	B	0.01%	0.03%	0.01%
	NWSA	B	0.04%	0.04%	0.04%
	NXST	C	0.01%	0.03%	0.01%
	O	D	0.19%	0.04%	0.04%
	OC	A	0.07%	0.07%	0.07%
	OGE	B	0.03%	0.03%	0.03%
	OGN	D	0.02%	0.04%	0.02%
	OKE	A	0.25%	0.14%	0.14%
	OLN	D	0.02%	0.03%	0.02%
	OMC	C	0.07%	0.08%	0.07%
	OMF	A	0.02%	0.06%	0.02%
	ON	D	0.11%	0.04%	0.04%
	ORI	A	0.04%	0.05%	0.04%
	ORLY	B	0.02%	0.11%	0.02%
	OSK	B	0.03%	0.04%	0.03%
	OTIS	C	0.16%	0.05%	0.05%
	OVV	B	0.04%	0.06%	0.04%
	OXY	D	0.13%	0.11%	0.11%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.02%	0.11%	0.02%
	PAYX	C	0.11%	0.06%	0.06%
	PCAR	B	0.22%	0.15%	0.15%
	PCG	A	0.17%	0.03%	0.03%
	PEG	A	0.17%	0.11%	0.11%
	PENN	C	0.01%	0.02%	0.01%
	PEP	F	0.18%	0.41%	0.18%
	PFE	D	0.55%	0.68%	0.55%
	PFG	D	0.08%	0.09%	0.08%
	PFGC	B	0.04%	0.06%	0.04%
	PG	A	1.21%	0.77%	0.77%
	PGR	A	0.09%	0.23%	0.09%
	PH	A	0.35%	0.13%	0.13%
	PHM	D	0.1%	0.11%	0.1%
	PII	D	0.01%	0.02%	0.01%
	PK	B	0.01%	0.02%	0.01%
	PKG	A	0.08%	0.07%	0.07%
	PLD	D	0.41%	0.07%	0.07%
	PM	B	0.78%	0.48%	0.48%
	PNC	B	0.32%	0.3%	0.3%
	PNR	A	0.07%	0.04%	0.04%
	PNW	B	0.04%	0.04%	0.04%
	POST	C	0.02%	0.02%	0.02%
	PPG	F	0.11%	0.08%	0.08%
	PPL	B	0.1%	0.11%	0.1%
	PRGO	B	0.01%	0.01%	0.01%
	PRI	A	0.04%	0.03%	0.03%
	PRU	A	0.18%	0.22%	0.18%
	PSA	D	0.18%	0.05%	0.05%
	PSX	C	0.21%	0.36%	0.21%
	PVH	C	0.02%	0.04%	0.02%
	PWR	A	0.13%	0.07%	0.07%
	PYPL	B	0.34%	0.22%	0.22%
	QCOM	F	0.04%	0.43%	0.04%
	QRVO	F	0.02%	0.03%	0.02%
	R	B	0.03%	0.07%	0.03%
	REG	B	0.05%	0.02%	0.02%
	REGN	F	0.28%	0.1%	0.1%
	RF	A	0.09%	0.09%	0.09%
	RGA	A	0.06%	0.04%	0.04%
	RHI	B	0.03%	0.04%	0.03%
	RJF	A	0.12%	0.05%	0.05%
	RL	B	0.03%	0.03%	0.03%
	RMD	C	0.1%	0.03%	0.03%
	ROK	B	0.12%	0.06%	0.06%
	ROP	B	0.23%	0.05%	0.05%
	ROST	C	0.14%	0.07%	0.07%
	RPM	A	0.05%	0.04%	0.04%
	RRX	B	0.04%	0.03%	0.03%
	RS	B	0.07%	0.09%	0.07%
	RSG	A	0.17%	0.06%	0.06%
	RTX	C	0.61%	0.34%	0.34%
	RVTY	F	0.05%	0.03%	0.03%
	SAIC	F	0.02%	0.02%	0.02%
	SBAC	D	0.09%	0.02%	0.02%
	SBUX	A	0.1%	0.28%	0.1%
	SCHW	B	0.42%	0.13%	0.13%
	SCI	B	0.05%	0.03%	0.03%
	SEE	C	0.01%	0.03%	0.01%
	SEIC	B	0.03%	0.03%	0.03%
	SHW	A	0.03%	0.08%	0.03%
	SJM	D	0.04%	0.05%	0.04%
	SKX	D	0.03%	0.02%	0.02%
	SLB	C	0.24%	0.12%	0.12%
	SLM	A	0.02%	0.04%	0.02%
	SNA	A	0.07%	0.06%	0.06%
	SNV	B	0.03%	0.03%	0.03%
	SNX	C	0.03%	0.03%	0.03%
	SO	D	0.37%	0.26%	0.26%
	SOLV	C	0.04%	0.02%	0.02%
	SON	D	0.02%	0.02%	0.02%
	SPG	B	0.17%	0.1%	0.1%
	SPGI	C	0.61%	0.15%	0.15%
	SQ	B	0.11%	0.03%	0.03%
	SRE	A	0.23%	0.13%	0.13%
	SSNC	B	0.06%	0.04%	0.04%
	ST	F	0.02%	0.02%	0.02%
	STE	F	0.08%	0.03%	0.03%
	STLD	B	0.08%	0.11%	0.08%
	STT	A	0.11%	0.1%	0.1%
	STWD	C	0.02%	0.02%	0.02%
	STZ	D	0.15%	0.07%	0.07%
	SUI	D	0.06%	0.02%	0.02%
	SW	A	0.1%	0.09%	0.09%
	SWK	D	0.05%	0.07%	0.05%
	SWKS	F	0.05%	0.04%	0.04%
	SYF	B	0.1%	0.34%	0.1%
	SYK	C	0.39%	0.13%	0.13%
	SYY	B	0.06%	0.1%	0.06%
	T	A	0.63%	1.27%	0.63%
	TAP	C	0.04%	0.05%	0.04%
	TDG	D	0.21%	0.06%	0.06%
	TDY	B	0.08%	0.03%	0.03%
	TER	D	0.01%	0.04%	0.01%
	TFC	A	0.24%	0.23%	0.23%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.27%	0.38%	0.27%
	THC	D	0.06%	0.07%	0.06%
	THG	A	0.02%	0.03%	0.02%
	THO	B	0.02%	0.04%	0.02%
	TJX	A	0.22%	0.22%	0.22%
	TKR	D	0.02%	0.02%	0.02%
	TMO	F	0.76%	0.25%	0.25%
	TMUS	B	0.44%	0.25%	0.25%
	TNL	A	0.01%	0.01%	0.01%
	TOL	B	0.06%	0.06%	0.06%
	TPR	B	0.05%	0.05%	0.05%
	TRMB	B	0.07%	0.03%	0.03%
	TROW	B	0.1%	0.13%	0.1%
	TRU	D	0.07%	0.03%	0.03%
	TRV	B	0.23%	0.31%	0.23%
	TSN	B	0.07%	0.2%	0.07%
	TT	A	0.24%	0.06%	0.06%
	TTC	D	0.03%	0.02%	0.02%
	TTWO	A	0.12%	0.03%	0.03%
	TXN	C	0.63%	0.34%	0.34%
	TXT	D	0.06%	0.06%	0.06%
	UDR	B	0.06%	0.02%	0.02%
	UGI	A	0.02%	0.04%	0.02%
	UHAL	D	0.01%	0.02%	0.01%
	UHAL	D	0.0%	0.02%	0.0%
	UHS	D	0.05%	0.08%	0.05%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.98%	1.22%	1.22%
	UNM	A	0.05%	0.06%	0.05%
	UNP	C	0.29%	0.35%	0.29%
	UPS	C	0.38%	0.28%	0.28%
	URI	B	0.16%	0.13%	0.13%
	USB	A	0.3%	0.32%	0.3%
	USFD	A	0.06%	0.08%	0.06%
	VAC	B	0.01%	0.02%	0.01%
	VFC	C	0.03%	0.07%	0.03%
	VICI	C	0.13%	0.02%	0.02%
	VLO	C	0.17%	0.39%	0.17%
	VMC	B	0.11%	0.05%	0.05%
	VNO	B	0.03%	0.05%	0.03%
	VOYA	B	0.03%	0.03%	0.03%
	VRSN	F	0.06%	0.01%	0.01%
	VRTX	F	0.23%	0.07%	0.07%
	VTR	C	0.1%	0.08%	0.08%
	VTRS	A	0.06%	0.1%	0.06%
	VZ	C	0.68%	1.13%	0.68%
	WAB	B	0.13%	0.06%	0.06%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.02%	0.17%	0.02%
	WBD	C	0.09%	0.08%	0.08%
	WCC	B	0.03%	0.04%	0.03%
	WDC	D	0.08%	0.12%	0.08%
	WEC	A	0.12%	0.08%	0.08%
	WELL	A	0.32%	0.1%	0.1%
	WFC	A	1.01%	1.35%	1.01%
	WHR	B	0.02%	0.08%	0.02%
	WLK	D	0.02%	0.02%	0.02%
	WMB	A	0.27%	0.17%	0.17%
	WMT	A	1.42%	1.47%	1.42%
	WPC	D	0.05%	0.02%	0.02%
	WRB	A	0.07%	0.03%	0.03%
	WSM	B	0.03%	0.04%	0.03%
	WSO	A	0.07%	0.03%	0.03%
	WST	C	0.04%	0.02%	0.02%
	WTRG	B	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.07%	0.07%
	WU	D	0.01%	0.03%	0.01%
	WY	D	0.09%	0.09%	0.09%
	X	C	0.03%	0.07%	0.03%
	XEL	A	0.15%	0.12%	0.12%
	XOM	B	2.08%	1.99%	1.99%
	XRAY	F	0.01%	0.01%	0.01%
	XYL	D	0.11%	0.03%	0.03%
	YUM	B	0.09%	0.08%	0.08%
	ZBH	C	0.09%	0.05%	0.05%
	ZBRA	B	0.06%	0.04%	0.04%
	ZION	B	0.03%	0.06%	0.03%
	ZTS	D	0.05%	0.07%	0.05%

IWD Overweight 269 Positions Relative to FNDX

	Symbol	Grade	Weight
	CRH	A	0.26%
	MSTR	C	0.19%
	FERG	B	0.15%
	RCL	A	0.14%
	UAL	A	0.12%
	CSGP	D	0.11%
	COO	D	0.08%
	ZM	B	0.08%
	HOOD	B	0.08%
	EXE	B	0.08%
	CVNA	B	0.07%
	IBKR	A	0.07%
	UTHR	C	0.06%
	Z	A	0.05%
	SOFI	A	0.05%
	FDS	B	0.05%
	BMRN	D	0.05%
	NTNX	A	0.05%
	CLH	B	0.05%
	AMH	D	0.05%
	ELS	C	0.05%
	AFRM	B	0.05%
	TWLO	A	0.05%
	RNR	C	0.05%
	VLTO	D	0.05%
	TW	A	0.04%
	GMED	A	0.04%
	REXR	F	0.04%
	BWXT	B	0.04%
	RGLD	C	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	COIN	C	0.04%
	MKTX	D	0.04%
	DTM	B	0.04%
	WAL	B	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	GME	C	0.04%
	RPRX	D	0.04%
	DAY	B	0.04%
	WWD	B	0.04%
	WBS	A	0.04%
	TECH	D	0.04%
	CUBE	D	0.04%
	FWONK	B	0.04%
	INCY	C	0.04%
	SF	B	0.04%
	COLB	A	0.03%
	CGNX	C	0.03%
	BILL	A	0.03%
	OKTA	C	0.03%
	STAG	F	0.03%
	AZPN	A	0.03%
	WEX	D	0.03%
	HR	C	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	WH	B	0.03%
	FCN	D	0.03%
	FND	C	0.03%
	MTSI	B	0.03%
	RLI	B	0.03%
	SSD	D	0.03%
	FR	C	0.03%
	ATI	D	0.03%
	ELAN	D	0.03%
	ESAB	B	0.03%
	AGNC	D	0.03%
	CART	C	0.03%
	COKE	C	0.03%
	LBRDK	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	DASH	A	0.03%
	ADC	B	0.03%
	KEX	C	0.03%
	PR	B	0.03%
	NNN	D	0.03%
	FLS	B	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	CHRD	D	0.03%
	TKO	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	RIVN	F	0.03%
	FICO	B	0.03%
	EGP	F	0.03%
	NYT	C	0.03%
	CR	A	0.03%
	CBSH	A	0.03%
	WTFC	A	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	TTEK	F	0.03%
	HLI	B	0.03%
	RBC	A	0.03%
	PTC	A	0.03%
	LINE	F	0.02%
	SITE	D	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	PAYC	B	0.02%
	GFS	C	0.02%
	DLB	B	0.02%
	KMPR	B	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	EEFT	B	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AGO	B	0.02%
	FRPT	B	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	WTM	A	0.02%
	HXL	D	0.02%
	BYD	C	0.02%
	BFAM	D	0.02%
	OZK	B	0.02%
	SN	D	0.02%
	CCCS	B	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	RITM	C	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	FOX	A	0.02%
	H	B	0.02%
	WMS	D	0.02%
	SAIA	B	0.02%
	ONTO	D	0.02%
	FNB	A	0.02%
	VNT	B	0.02%
	LFUS	F	0.02%
	IDA	A	0.02%
	RGEN	D	0.02%
	S	B	0.02%
	BIO	D	0.02%
	MTDR	B	0.02%
	COLD	D	0.02%
	ESI	A	0.02%
	SIRI	C	0.02%
	MSA	D	0.02%
	MAT	D	0.02%
	LLYVA	A	0.01%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	D	0.01%
	WEN	D	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	C	0.01%
	QS	F	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	VSTS	C	0.01%
	PSTG	D	0.01%
	PPC	C	0.01%
	QDEL	F	0.01%
	AZEK	A	0.01%
	RKT	F	0.01%
	LBTYK	A	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	ETSY	D	0.01%
	UAA	C	0.01%
	LBTYA	B	0.01%
	LYFT	C	0.01%
	BRKR	D	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	SHC	F	0.01%
	ADT	C	0.01%
	RCM	F	0.01%
	CWEN	C	0.01%
	AZTA	D	0.01%
	YETI	C	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	B	0.01%
	HHH	B	0.01%
	ENOV	C	0.01%
	AGR	B	0.01%
	BOKF	B	0.01%
	CXT	B	0.01%
	COTY	F	0.01%
	COLM	B	0.01%
	CNM	D	0.01%
	AMKR	D	0.01%
	VIRT	B	0.01%
	ECG	C	0.01%
	U	C	0.01%
	AMED	F	0.01%
	SNRE	D	0.01%
	NSA	D	0.01%
	LLYVK	A	0.01%
	IRDM	D	0.01%
	BROS	B	0.01%
	SPR	D	0.01%
	AMTM	D	0.01%
	SMG	D	0.01%
	LOPE	B	0.01%
	BHF	B	0.01%
	ZI	D	0.01%
	AM	A	0.01%
	HIW	D	0.01%
	EPR	D	0.01%
	MASI	A	0.01%
	ZG	A	0.01%
	ALNY	D	0.01%
	ACHC	F	0.01%
	FHB	A	0.01%
	IAC	D	0.01%
	NVST	B	0.01%
	NWS	B	0.01%
	W	F	0.01%
	VNOM	A	0.01%
	CIVI	D	0.01%
	DNB	B	0.01%
	MSGS	A	0.01%
	NEU	C	0.01%
	RH	B	0.01%
	PLNT	A	0.01%
	OLED	D	0.01%
	TYL	B	0.01%
	ASH	D	0.01%
	LOAR	A	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	LAZ	B	0.0%
	GRAL	C	0.0%
	TXG	F	0.0%
	CACC	D	0.0%
	PLTK	B	0.0%
	DJT	C	0.0%
	CHH	A	0.0%
	SEB	F	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	WOLF	F	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	CWEN	C	0.0%
	HCP	B	0.0%
	CNA	B	0.0%
	PYCR	C	0.0%
	FWONA	B	0.0%
	AS	B	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	B	0.0%

IWD Underweight 127 Positions Relative to FNDX

	Symbol	Grade	Weight
	AAPL	C	-4.35%
	MSFT	F	-2.43%
	META	D	-1.79%
	AMZN	C	-1.56%
	GOOGL	C	-1.33%
	GOOG	C	-1.14%
	COST	B	-0.66%
	LUMN	C	-0.65%
	AVGO	D	-0.61%
	ORCL	B	-0.5%
	MRK	F	-0.42%
	NVDA	C	-0.4%
	V	A	-0.36%
	MA	C	-0.29%
	TSLA	B	-0.28%
	ADBE	C	-0.2%
	LLY	F	-0.2%
	NFLX	A	-0.17%
	VST	B	-0.16%
	LRCX	F	-0.15%
	WM	A	-0.15%
	BX	A	-0.13%
	INTU	C	-0.11%
	AMT	D	-0.11%
	ISRG	A	-0.09%
	STX	D	-0.09%
	KLAC	D	-0.08%
	WKC	D	-0.08%
	TRGP	B	-0.07%
	MCO	B	-0.07%
	ODFL	B	-0.06%
	DVA	B	-0.06%
	TSCO	D	-0.06%
	CPAY	A	-0.06%
	FLEX	A	-0.06%
	NXPI	D	-0.05%
	EQH	B	-0.05%
	TDS	B	-0.05%
	GPI	A	-0.05%
	SFM	A	-0.05%
	BFH	B	-0.05%
	ANET	C	-0.04%
	UBER	D	-0.04%
	BCC	B	-0.04%
	EXPE	B	-0.04%
	ZIM	C	-0.04%
	UFPI	B	-0.04%
	LVS	C	-0.04%
	CMG	B	-0.04%
	CNO	A	-0.04%
	CLX	B	-0.04%
	CRBG	B	-0.04%
	TMHC	B	-0.04%
	GT	C	-0.04%
	MUSA	A	-0.04%
	LPLA	A	-0.04%
	VRSK	A	-0.04%
	JXN	C	-0.04%
	BTU	B	-0.03%
	KBH	D	-0.03%
	BURL	A	-0.03%
	TPH	D	-0.03%
	LII	A	-0.03%
	GDDY	A	-0.03%
	FLR	B	-0.03%
	ABG	B	-0.03%
	FL	F	-0.03%
	MTH	D	-0.03%
	SNPS	B	-0.03%
	GNW	A	-0.03%
	CMC	B	-0.03%
	IT	C	-0.03%
	DECK	A	-0.03%
	PANW	C	-0.03%
	BAH	F	-0.03%
	CDNS	B	-0.03%
	PBF	D	-0.03%
	ADSK	A	-0.03%
	SANM	B	-0.03%
	HBI	B	-0.03%
	MLI	C	-0.03%
	ODP	F	-0.02%
	ALV	C	-0.02%
	ADNT	F	-0.02%
	MATX	C	-0.02%
	CHKP	D	-0.02%
	ARCH	B	-0.02%
	AER	B	-0.02%
	NSIT	F	-0.02%
	POR	C	-0.02%
	XRX	F	-0.02%
	ASO	F	-0.02%
	WERN	C	-0.02%
	OI	C	-0.02%
	ASGN	F	-0.02%
	NAVI	C	-0.02%
	SM	B	-0.02%
	CCEP	C	-0.02%
	MUR	D	-0.02%
	TPX	B	-0.02%
	HUBG	A	-0.02%
	SLG	B	-0.02%
	IDXX	F	-0.02%
	POOL	C	-0.02%
	BECN	B	-0.02%
	ABM	B	-0.02%
	RUSHA	C	-0.02%
	REZI	A	-0.02%
	COR	B	-0.02%
	TGNA	B	-0.02%
	BAP	B	-0.02%
	VSH	D	-0.01%
	ANDE	D	-0.01%
	LILAK	D	-0.01%
	ICLR	D	-0.01%
	SPTN	D	-0.01%
	MMS	F	-0.01%
	AEO	F	-0.01%
	CYH	F	-0.01%
	NOW	A	-0.01%
	QRTEA	F	-0.01%
	DK	C	-0.01%
	HTZ	C	-0.01%
	DAN	D	-0.01%
	LULU	C	-0.01%
	UNFI	A	-0.01%
	CNX	A	-0.01%

IWD: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Software - Application Utilities - Regulated Electric Oil & Gas E&P Semiconductors Asset Management Diagnostics & Research Biotechnology Business Services Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

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

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