QUS vs. FNDX ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$160.99

Average Daily Volume

15,214

Number of Holdings ^*

583

* 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

$24.64

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	QUS	FNDX
30 Days	1.13%	2.37%
60 Days	2.86%	4.07%
90 Days	3.85%	5.72%
12 Months	28.61%	28.68%

503 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in FNDX	Overlap
	A	D	0.11%	0.05%	0.05%
	AAPL	C	3.24%	4.35%	3.24%
	ABBV	F	0.49%	0.49%	0.49%
	ABT	B	0.16%	0.34%	0.16%
	ACGL	C	0.38%	0.03%	0.03%
	ACI	C	0.03%	0.03%	0.03%
	ACM	B	0.01%	0.05%	0.01%
	ACN	B	1.18%	0.36%	0.36%
	ADBE	C	0.71%	0.2%	0.2%
	ADI	D	0.14%	0.13%	0.13%
	ADM	D	0.08%	0.21%	0.08%
	ADP	A	0.54%	0.15%	0.15%
	ADSK	A	0.16%	0.03%	0.03%
	AEE	A	0.11%	0.07%	0.07%
	AEP	C	0.19%	0.16%	0.16%
	AES	F	0.01%	0.05%	0.01%
	AFG	A	0.15%	0.05%	0.05%
	AFL	B	0.22%	0.21%	0.21%
	AIG	B	0.12%	0.28%	0.12%
	AIZ	A	0.12%	0.03%	0.03%
	AJG	A	0.46%	0.05%	0.05%
	AKAM	D	0.14%	0.03%	0.03%
	ALB	B	0.02%	0.03%	0.02%
	ALGN	D	0.01%	0.02%	0.01%
	ALL	A	0.06%	0.27%	0.06%
	ALLE	C	0.04%	0.01%	0.01%
	ALLY	C	0.03%	0.1%	0.03%
	AMAT	F	0.48%	0.24%	0.24%
	AMCR	C	0.02%	0.03%	0.02%
	AMD	F	0.06%	0.09%	0.06%
	AME	A	0.02%	0.05%	0.02%
	AMGN	F	0.27%	0.39%	0.27%
	AMP	A	0.04%	0.15%	0.04%
	AMT	C	0.04%	0.11%	0.04%
	AMZN	C	0.69%	1.56%	0.69%
	ANET	C	0.39%	0.04%	0.04%
	ANSS	B	0.01%	0.02%	0.01%
	AON	A	0.21%	0.13%	0.13%
	AOS	F	0.03%	0.02%	0.02%
	APA	D	0.05%	0.03%	0.03%
	APD	A	0.05%	0.13%	0.05%
	APH	A	0.71%	0.09%	0.09%
	APO	B	0.03%	0.03%	0.03%
	APTV	F	0.02%	0.02%	0.02%
	ARE	F	0.02%	0.03%	0.02%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.02%	0.05%	0.02%
	AVGO	D	0.58%	0.61%	0.58%
	AVTR	F	0.01%	0.02%	0.01%
	AVY	F	0.01%	0.04%	0.01%
	AWK	C	0.02%	0.04%	0.02%
	AXP	A	0.11%	0.36%	0.11%
	AZO	C	0.36%	0.06%	0.06%
	BA	F	0.02%	0.11%	0.02%
	BAC	A	0.69%	1.3%	0.69%
	BAH	F	0.2%	0.03%	0.03%
	BALL	F	0.02%	0.06%	0.02%
	BAX	F	0.02%	0.07%	0.02%
	BBWI	C	0.01%	0.03%	0.01%
	BBY	D	0.09%	0.16%	0.09%
	BDX	F	0.24%	0.11%	0.11%
	BEN	C	0.01%	0.04%	0.01%
	BG	D	0.05%	0.1%	0.05%
	BIIB	F	0.02%	0.09%	0.02%
	BK	A	0.09%	0.26%	0.09%
	BKNG	A	0.04%	0.24%	0.04%
	BKR	A	0.04%	0.16%	0.04%
	BLDR	D	0.08%	0.06%	0.06%
	BLK	B	0.46%	0.28%	0.28%
	BMY	B	0.34%	0.45%	0.34%
	BR	A	0.03%	0.03%	0.03%
	BRK.A	B	1.1%	2.17%	1.1%
	BRO	B	0.01%	0.02%	0.01%
	BSX	A	0.04%	0.09%	0.04%
	BURL	B	0.01%	0.03%	0.01%
	BX	A	0.05%	0.13%	0.05%
	BXP	C	0.01%	0.05%	0.01%
	C	A	0.45%	1.1%	0.45%
	CAG	F	0.02%	0.06%	0.02%
	CAH	B	0.12%	0.07%	0.07%
	CARR	C	0.04%	0.12%	0.04%
	CAT	B	0.63%	0.41%	0.41%
	CB	C	0.65%	0.26%	0.26%
	CBOE	C	0.29%	0.01%	0.01%
	CBRE	B	0.05%	0.13%	0.05%
	CCI	C	0.03%	0.09%	0.03%
	CCK	D	0.02%	0.04%	0.02%
	CCL	A	0.01%	0.06%	0.01%
	CDNS	B	0.29%	0.03%	0.03%
	CDW	F	0.19%	0.04%	0.04%
	CE	F	0.01%	0.03%	0.01%
	CEG	C	0.03%	0.1%	0.03%
	CF	A	0.03%	0.07%	0.03%
	CFG	B	0.07%	0.1%	0.07%
	CG	B	0.01%	0.03%	0.01%
	CHD	A	0.14%	0.04%	0.04%
	CHRW	B	0.02%	0.08%	0.02%
	CHTR	C	0.09%	0.35%	0.09%
	CI	D	0.24%	0.48%	0.24%
	CINF	A	0.03%	0.07%	0.03%
	CL	D	0.17%	0.13%	0.13%
	CLX	A	0.01%	0.04%	0.01%
	CMCSA	B	0.42%	0.83%	0.42%
	CME	B	0.23%	0.08%	0.08%
	CMG	B	0.22%	0.04%	0.04%
	CMI	A	0.17%	0.19%	0.17%
	CMS	C	0.09%	0.06%	0.06%
	CNC	D	0.08%	0.19%	0.08%
	CNH	C	0.03%	0.02%	0.02%
	CNP	A	0.02%	0.06%	0.02%
	COF	C	0.17%	0.48%	0.17%
	COP	C	0.17%	0.48%	0.17%
	COR	B	0.35%	0.02%	0.02%
	COST	A	1.31%	0.66%	0.66%
	CPAY	A	0.02%	0.06%	0.02%
	CPB	D	0.12%	0.03%	0.03%
	CPRT	B	0.14%	0.03%	0.03%
	CPT	B	0.01%	0.02%	0.01%
	CRBG	B	0.02%	0.04%	0.02%
	CRL	D	0.01%	0.01%	0.01%
	CRM	B	0.12%	0.15%	0.12%
	CSCO	B	1.34%	0.82%	0.82%
	CSL	C	0.01%	0.05%	0.01%
	CSX	C	0.05%	0.22%	0.05%
	CTAS	B	0.23%	0.08%	0.08%
	CTLT	C	0.01%	0.02%	0.01%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	B	0.39%	0.19%	0.19%
	CTVA	C	0.16%	0.09%	0.09%
	CVS	D	0.29%	0.68%	0.29%
	CVX	A	0.55%	1.25%	0.55%
	D	C	0.14%	0.17%	0.14%
	DAL	B	0.01%	0.03%	0.01%
	DD	C	0.04%	0.17%	0.04%
	DE	B	0.1%	0.23%	0.1%
	DECK	A	0.09%	0.03%	0.03%
	DELL	B	0.06%	0.03%	0.03%
	DFS	B	0.07%	0.26%	0.07%
	DG	F	0.02%	0.08%	0.02%
	DGX	A	0.06%	0.07%	0.06%
	DHI	F	0.19%	0.16%	0.16%
	DHR	F	0.09%	0.15%	0.09%
	DINO	D	0.02%	0.05%	0.02%
	DIS	B	0.17%	0.45%	0.17%
	DKS	D	0.01%	0.04%	0.01%
	DLR	B	0.04%	0.08%	0.04%
	DLTR	F	0.02%	0.05%	0.02%
	DOC	C	0.01%	0.03%	0.01%
	DOV	A	0.02%	0.06%	0.02%
	DOW	F	0.06%	0.18%	0.06%
	DPZ	C	0.07%	0.03%	0.03%
	DRI	B	0.02%	0.05%	0.02%
	DTE	C	0.1%	0.07%	0.07%
	DUK	C	0.6%	0.3%	0.3%
	DVA	C	0.01%	0.06%	0.01%
	DVN	F	0.04%	0.09%	0.04%
	EA	A	0.31%	0.09%	0.09%
	EBAY	D	0.02%	0.17%	0.02%
	ECL	D	0.02%	0.08%	0.02%
	ED	C	0.42%	0.12%	0.12%
	EFX	F	0.01%	0.03%	0.01%
	EG	C	0.18%	0.02%	0.02%
	EIX	B	0.04%	0.1%	0.04%
	EL	F	0.01%	0.03%	0.01%
	ELV	F	0.29%	0.36%	0.29%
	EME	A	0.08%	0.06%	0.06%
	EMN	C	0.02%	0.08%	0.02%
	EMR	B	0.05%	0.17%	0.05%
	EOG	A	0.15%	0.23%	0.15%
	EPAM	B	0.04%	0.02%	0.02%
	EQH	C	0.02%	0.05%	0.02%
	EQIX	A	0.02%	0.08%	0.02%
	EQR	C	0.02%	0.05%	0.02%
	EQT	B	0.03%	0.04%	0.03%
	ES	C	0.03%	0.08%	0.03%
	ESS	B	0.01%	0.03%	0.01%
	ETN	A	0.05%	0.23%	0.05%
	ETR	B	0.05%	0.12%	0.05%
	EVRG	A	0.02%	0.07%	0.02%
	EW	C	0.12%	0.04%	0.04%
	EXC	C	0.06%	0.17%	0.06%
	EXPD	C	0.06%	0.04%	0.04%
	EXPE	B	0.02%	0.04%	0.02%
	EXR	C	0.02%	0.03%	0.02%
	F	C	0.16%	0.33%	0.16%
	FANG	C	0.22%	0.05%	0.05%
	FAST	B	0.15%	0.07%	0.07%
	FBIN	D	0.01%	0.04%	0.01%
	FCNCA	A	0.34%	0.02%	0.02%
	FCX	F	0.04%	0.14%	0.04%
	FDX	B	0.12%	0.32%	0.12%
	FE	C	0.02%	0.09%	0.02%
	FFIV	B	0.23%	0.03%	0.03%
	FI	A	0.31%	0.13%	0.13%
	FIS	C	0.03%	0.12%	0.03%
	FITB	B	0.06%	0.13%	0.06%
	FNF	B	0.02%	0.06%	0.02%
	FOXA	A	0.02%	0.1%	0.02%
	FSLR	F	0.03%	0.01%	0.01%
	FTNT	C	0.01%	0.03%	0.01%
	FTV	C	0.02%	0.03%	0.02%
	GD	D	0.07%	0.21%	0.07%
	GDDY	A	0.34%	0.03%	0.03%
	GE	D	0.11%	0.15%	0.11%
	GEHC	D	0.03%	0.09%	0.03%
	GEN	B	0.13%	0.04%	0.04%
	GEV	B	0.05%	0.04%	0.04%
	GGG	B	0.05%	0.02%	0.02%
	GILD	C	0.43%	0.37%	0.37%
	GIS	D	0.25%	0.11%	0.11%
	GLPI	C	0.01%	0.02%	0.01%
	GLW	B	0.14%	0.14%	0.14%
	GM	C	0.32%	0.79%	0.32%
	GOOG	C	1.12%	1.14%	1.12%
	GOOGL	C	1.2%	1.33%	1.2%
	GPC	D	0.02%	0.05%	0.02%
	GPN	B	0.04%	0.09%	0.04%
	GRMN	B	0.2%	0.03%	0.03%
	GS	A	0.3%	0.62%	0.3%
	GWW	B	0.2%	0.08%	0.08%
	HAL	C	0.03%	0.06%	0.03%
	HBAN	A	0.06%	0.08%	0.06%
	HCA	F	0.06%	0.2%	0.06%
	HD	B	0.35%	0.8%	0.35%
	HES	B	0.02%	0.06%	0.02%
	HIG	B	0.09%	0.14%	0.09%
	HII	F	0.01%	0.03%	0.01%
	HLT	A	0.01%	0.06%	0.01%
	HOLX	D	0.07%	0.04%	0.04%
	HON	C	0.53%	0.37%	0.37%
	HPE	B	0.06%	0.21%	0.06%
	HPQ	B	0.07%	0.21%	0.07%
	HRL	D	0.08%	0.03%	0.03%
	HSIC	C	0.01%	0.04%	0.01%
	HST	C	0.01%	0.04%	0.01%
	HSY	F	0.18%	0.04%	0.04%
	HUBB	B	0.07%	0.03%	0.03%
	HUM	C	0.2%	0.19%	0.19%
	HWM	A	0.01%	0.07%	0.01%
	IBM	C	0.67%	0.54%	0.54%
	ICE	C	0.14%	0.11%	0.11%
	IDXX	F	0.12%	0.02%	0.02%
	IEX	C	0.05%	0.03%	0.03%
	IFF	D	0.02%	0.05%	0.02%
	ILMN	C	0.01%	0.03%	0.01%
	INTC	C	0.18%	0.89%	0.18%
	INTU	B	0.04%	0.11%	0.04%
	INVH	D	0.01%	0.03%	0.01%
	IP	A	0.04%	0.17%	0.04%
	IPG	D	0.01%	0.04%	0.01%
	IQV	F	0.02%	0.07%	0.02%
	IR	B	0.02%	0.03%	0.02%
	IRM	C	0.01%	0.06%	0.01%
	ISRG	A	0.04%	0.09%	0.04%
	IT	C	0.13%	0.03%	0.03%
	ITW	B	0.27%	0.15%	0.15%
	J	D	0.02%	0.05%	0.02%
	JBHT	C	0.05%	0.05%	0.05%
	JBL	C	0.03%	0.06%	0.03%
	JCI	B	0.05%	0.16%	0.05%
	JKHY	D	0.04%	0.02%	0.02%
	JNJ	C	1.64%	0.89%	0.89%
	JNPR	D	0.17%	0.05%	0.05%
	JPM	A	1.06%	2.03%	1.06%
	K	A	0.29%	0.07%	0.07%
	KDP	F	0.23%	0.07%	0.07%
	KEY	B	0.04%	0.1%	0.04%
	KEYS	A	0.26%	0.04%	0.04%
	KHC	F	0.18%	0.09%	0.09%
	KIM	A	0.02%	0.03%	0.02%
	KKR	A	0.04%	0.12%	0.04%
	KLAC	F	0.29%	0.08%	0.08%
	KMB	C	0.1%	0.1%	0.1%
	KMI	A	0.07%	0.23%	0.07%
	KMX	B	0.03%	0.06%	0.03%
	KNX	C	0.04%	0.04%	0.04%
	KO	D	0.81%	0.35%	0.35%
	KR	B	0.31%	0.3%	0.3%
	KVUE	A	0.04%	0.05%	0.04%
	L	A	0.12%	0.05%	0.05%
	LDOS	C	0.02%	0.07%	0.02%
	LEN	D	0.06%	0.16%	0.06%
	LH	B	0.03%	0.09%	0.03%
	LHX	C	0.04%	0.16%	0.04%
	LII	A	0.01%	0.03%	0.01%
	LIN	C	0.15%	0.33%	0.15%
	LKQ	F	0.02%	0.05%	0.02%
	LLY	F	1.92%	0.2%	0.2%
	LMT	D	0.72%	0.37%	0.37%
	LNG	A	0.05%	0.06%	0.05%
	LNT	A	0.05%	0.04%	0.04%
	LOW	C	0.13%	0.43%	0.13%
	LPLA	A	0.07%	0.04%	0.04%
	LRCX	F	0.3%	0.15%	0.15%
	LULU	C	0.12%	0.01%	0.01%
	LUV	C	0.01%	0.02%	0.01%
	LVS	B	0.01%	0.04%	0.01%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.04%	0.14%	0.04%
	MA	B	1.69%	0.29%	0.29%
	MAA	B	0.01%	0.03%	0.01%
	MAR	A	0.02%	0.09%	0.02%
	MAS	D	0.01%	0.05%	0.01%
	MCD	D	0.5%	0.34%	0.34%
	MCHP	F	0.1%	0.05%	0.05%
	MCK	A	0.61%	0.11%	0.11%
	MCO	B	0.21%	0.07%	0.07%
	MDLZ	F	0.22%	0.2%	0.2%
	MDT	D	0.15%	0.16%	0.15%
	MET	A	0.09%	0.26%	0.09%
	META	D	2.32%	1.79%	1.79%
	MGM	D	0.01%	0.06%	0.01%
	MKC	C	0.01%	0.03%	0.01%
	MKL	A	0.15%	0.05%	0.05%
	MLM	C	0.02%	0.04%	0.02%
	MMC	B	0.69%	0.14%	0.14%
	MMM	D	0.28%	0.35%	0.28%
	MNST	C	0.12%	0.05%	0.05%
	MO	A	0.07%	0.37%	0.07%
	MOH	F	0.13%	0.05%	0.05%
	MOS	F	0.03%	0.06%	0.03%
	MPC	D	0.32%	0.4%	0.32%
	MRK	D	0.46%	0.42%	0.42%
	MRNA	F	0.01%	0.03%	0.01%
	MRO	B	0.04%	0.09%	0.04%
	MRVL	B	0.02%	0.04%	0.02%
	MS	A	0.21%	0.46%	0.21%
	MSCI	C	0.01%	0.03%	0.01%
	MSFT	D	2.7%	2.43%	2.43%
	MSI	B	0.63%	0.07%	0.07%
	MTB	A	0.08%	0.11%	0.08%
	MTD	F	0.01%	0.03%	0.01%
	MU	D	0.07%	0.38%	0.07%
	NDAQ	A	0.02%	0.03%	0.02%
	NDSN	B	0.01%	0.02%	0.01%
	NEE	C	0.1%	0.24%	0.1%
	NEM	D	0.18%	0.13%	0.13%
	NFLX	A	0.14%	0.17%	0.14%
	NI	A	0.02%	0.05%	0.02%
	NKE	F	0.28%	0.19%	0.19%
	NOC	D	0.55%	0.2%	0.2%
	NOW	A	0.27%	0.01%	0.01%
	NRG	B	0.03%	0.1%	0.03%
	NSC	B	0.05%	0.21%	0.05%
	NTAP	C	0.16%	0.07%	0.07%
	NTRS	A	0.03%	0.08%	0.03%
	NUE	C	0.07%	0.19%	0.07%
	NVDA	B	2.76%	0.4%	0.4%
	NVR	D	0.11%	0.08%	0.08%
	NWSA	A	0.01%	0.04%	0.01%
	NXPI	D	0.03%	0.05%	0.03%
	O	C	0.04%	0.04%	0.04%
	OC	A	0.02%	0.07%	0.02%
	ODFL	C	0.13%	0.06%	0.06%
	OKE	A	0.05%	0.14%	0.05%
	OMC	C	0.07%	0.08%	0.07%
	ON	D	0.02%	0.04%	0.02%
	ORCL	A	0.53%	0.5%	0.5%
	ORLY	B	0.26%	0.11%	0.11%
	OTIS	C	0.04%	0.05%	0.04%
	OVV	B	0.03%	0.06%	0.03%
	OXY	D	0.1%	0.11%	0.1%
	PANW	B	0.32%	0.03%	0.03%
	PARA	C	0.03%	0.11%	0.03%
	PAYX	B	0.16%	0.06%	0.06%
	PCAR	B	0.06%	0.15%	0.06%
	PCG	A	0.06%	0.03%	0.03%
	PEG	A	0.04%	0.11%	0.04%
	PEP	F	1.01%	0.41%	0.41%
	PFE	F	0.33%	0.68%	0.33%
	PFG	D	0.03%	0.09%	0.03%
	PG	C	0.59%	0.77%	0.59%
	PGR	A	0.65%	0.23%	0.23%
	PH	A	0.04%	0.13%	0.04%
	PHM	D	0.11%	0.11%	0.11%
	PKG	A	0.09%	0.07%	0.07%
	PLD	F	0.08%	0.07%	0.07%
	PM	B	0.11%	0.48%	0.11%
	PNC	B	0.17%	0.3%	0.17%
	PNR	A	0.01%	0.04%	0.01%
	POOL	C	0.04%	0.02%	0.02%
	PPG	F	0.02%	0.08%	0.02%
	PPL	A	0.03%	0.11%	0.03%
	PRU	A	0.08%	0.22%	0.08%
	PSA	C	0.14%	0.05%	0.05%
	PSX	C	0.14%	0.36%	0.14%
	PWR	A	0.02%	0.07%	0.02%
	PYPL	B	0.08%	0.22%	0.08%
	QCOM	F	0.55%	0.43%	0.43%
	QRVO	F	0.01%	0.03%	0.01%
	REG	A	0.01%	0.02%	0.01%
	REGN	F	0.25%	0.1%	0.1%
	RF	A	0.06%	0.09%	0.06%
	RJF	A	0.03%	0.05%	0.03%
	RMD	C	0.09%	0.03%	0.03%
	ROK	C	0.1%	0.06%	0.06%
	ROP	B	0.46%	0.05%	0.05%
	ROST	D	0.03%	0.07%	0.03%
	RPM	A	0.01%	0.04%	0.01%
	RS	B	0.03%	0.09%	0.03%
	RSG	A	0.54%	0.06%	0.06%
	RTX	D	0.18%	0.34%	0.18%
	RVTY	F	0.01%	0.03%	0.01%
	SBAC	D	0.01%	0.02%	0.01%
	SBUX	A	0.06%	0.28%	0.06%
	SCHW	B	0.07%	0.13%	0.07%
	SEIC	B	0.03%	0.03%	0.03%
	SHW	B	0.26%	0.08%	0.08%
	SJM	D	0.02%	0.05%	0.02%
	SLB	C	0.05%	0.12%	0.05%
	SNA	A	0.06%	0.06%	0.06%
	SNPS	B	0.28%	0.03%	0.03%
	SO	C	0.54%	0.26%	0.26%
	SOLV	D	0.06%	0.02%	0.02%
	SPG	A	0.03%	0.1%	0.03%
	SPGI	C	0.07%	0.15%	0.07%
	SQ	A	0.03%	0.03%	0.03%
	SRE	A	0.06%	0.13%	0.06%
	SSNC	B	0.02%	0.04%	0.02%
	STE	D	0.01%	0.03%	0.01%
	STLD	B	0.04%	0.11%	0.04%
	STT	B	0.06%	0.1%	0.06%
	STX	C	0.07%	0.09%	0.07%
	STZ	D	0.02%	0.07%	0.02%
	SUI	C	0.01%	0.02%	0.01%
	SW	A	0.03%	0.09%	0.03%
	SWK	D	0.02%	0.07%	0.02%
	SWKS	F	0.05%	0.04%	0.04%
	SYF	B	0.06%	0.34%	0.06%
	SYK	B	0.05%	0.13%	0.05%
	SYY	D	0.05%	0.1%	0.05%
	T	A	0.69%	1.27%	0.69%
	TAP	C	0.02%	0.05%	0.02%
	TDG	D	0.01%	0.06%	0.01%
	TDY	B	0.21%	0.03%	0.03%
	TER	F	0.04%	0.04%	0.04%
	TFC	A	0.16%	0.23%	0.16%
	TFX	F	0.01%	0.02%	0.01%
	TGT	F	0.1%	0.38%	0.1%
	TJX	A	0.56%	0.22%	0.22%
	TMO	F	0.1%	0.25%	0.1%
	TMUS	B	0.78%	0.25%	0.25%
	TRGP	A	0.03%	0.07%	0.03%
	TRMB	B	0.01%	0.03%	0.01%
	TROW	B	0.09%	0.13%	0.09%
	TRU	D	0.01%	0.03%	0.01%
	TRV	B	0.47%	0.31%	0.31%
	TSCO	D	0.09%	0.06%	0.06%
	TSLA	B	0.28%	0.28%	0.28%
	TSN	B	0.3%	0.2%	0.2%
	TT	A	0.26%	0.06%	0.06%
	TTC	C	0.03%	0.02%	0.02%
	TTWO	A	0.01%	0.03%	0.01%
	TXN	C	1.06%	0.34%	0.34%
	TXT	D	0.02%	0.06%	0.02%
	UBER	F	0.18%	0.04%	0.04%
	UDR	B	0.01%	0.02%	0.01%
	UHAL	D	0.01%	0.02%	0.01%
	UHS	D	0.02%	0.08%	0.02%
	ULTA	F	0.08%	0.03%	0.03%
	UNH	B	2.21%	1.22%	1.22%
	UNP	C	0.08%	0.35%	0.08%
	UPS	C	0.11%	0.28%	0.11%
	URI	C	0.04%	0.13%	0.04%
	USB	A	0.16%	0.32%	0.16%
	V	A	1.91%	0.36%	0.36%
	VICI	C	0.04%	0.02%	0.02%
	VLO	C	0.15%	0.39%	0.15%
	VMC	B	0.02%	0.05%	0.02%
	VRSK	A	0.15%	0.04%	0.04%
	VRSN	C	0.22%	0.01%	0.01%
	VRTX	D	0.57%	0.07%	0.07%
	VST	A	0.02%	0.16%	0.02%
	VTR	B	0.02%	0.08%	0.02%
	VTRS	A	0.05%	0.1%	0.05%
	VZ	C	0.81%	1.13%	0.81%
	WAB	B	0.02%	0.06%	0.02%
	WAT	C	0.07%	0.04%	0.04%
	WBA	F	0.06%	0.17%	0.06%
	WBD	B	0.11%	0.08%	0.08%
	WDC	D	0.02%	0.12%	0.02%
	WEC	A	0.29%	0.08%	0.08%
	WELL	A	0.04%	0.1%	0.04%
	WFC	A	0.5%	1.35%	0.5%
	WLK	D	0.01%	0.02%	0.01%
	WM	B	0.52%	0.15%	0.15%
	WMB	A	0.15%	0.17%	0.15%
	WMT	A	0.94%	1.47%	0.94%
	WPC	C	0.01%	0.02%	0.01%
	WRB	A	0.12%	0.03%	0.03%
	WSM	C	0.06%	0.04%	0.04%
	WSO	A	0.06%	0.03%	0.03%
	WST	C	0.06%	0.02%	0.02%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.16%	0.07%	0.07%
	WY	F	0.03%	0.09%	0.03%
	XEL	A	0.2%	0.12%	0.12%
	XOM	B	0.81%	1.99%	0.81%
	XYL	D	0.01%	0.03%	0.01%
	YUM	D	0.19%	0.08%	0.08%
	ZBH	C	0.02%	0.05%	0.02%
	ZBRA	B	0.01%	0.04%	0.01%
	ZTS	D	0.25%	0.07%	0.07%

QUS Overweight 80 Positions Relative to FNDX

	Symbol	Grade	Weight
	WCN	A	0.53%
	FICO	B	0.2%
	INCY	C	0.2%
	PTC	B	0.18%
	ERIE	D	0.17%
	ROL	B	0.17%
	WDAY	B	0.15%
	NBIX	C	0.11%
	UTHR	C	0.1%
	TPL	A	0.09%
	BMRN	F	0.08%
	VLTO	C	0.08%
	HUBS	A	0.08%
	VEEV	C	0.08%
	MANH	D	0.07%
	TW	A	0.07%
	MELI	C	0.07%
	ALNY	D	0.07%
	MPWR	F	0.07%
	CRWD	B	0.06%
	FDS	B	0.05%
	SMCI	F	0.03%
	MKTX	D	0.03%
	PAYC	B	0.03%
	APP	B	0.02%
	ABNB	C	0.02%
	ENPH	F	0.02%
	TTD	B	0.01%
	HOOD	B	0.01%
	ENTG	D	0.01%
	RIVN	F	0.01%
	MTCH	D	0.01%
	TYL	B	0.01%
	BIO	C	0.01%
	Z	A	0.01%
	LYV	A	0.01%
	VRT	B	0.01%
	PLTR	B	0.01%
	ARES	A	0.01%
	CSGP	D	0.01%
	AMH	C	0.01%
	RPRX	D	0.01%
	DASH	B	0.01%
	FOX	A	0.01%
	RCL	A	0.01%
	TWLO	A	0.01%
	COIN	C	0.01%
	CHRD	D	0.01%
	ZM	C	0.01%
	CELH	F	0.0%
	IOT	A	0.0%
	ZS	B	0.0%
	TEAM	A	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	MDB	B	0.0%
	TOST	B	0.0%
	DKNG	B	0.0%
	BSY	F	0.0%
	PSTG	D	0.0%
	DDOG	A	0.0%
	SNAP	D	0.0%
	H	B	0.0%
	DT	D	0.0%
	WYNN	C	0.0%
	PODD	C	0.0%
	DOCU	B	0.0%
	EXAS	D	0.0%
	HEI	A	0.0%
	DAY	B	0.0%
	ROKU	D	0.0%
	SNOW	B	0.0%
	PINS	F	0.0%
	DXCM	C	0.0%
	MSTR	B	0.0%
	ELS	C	0.0%
	HEI	A	0.0%
	TECH	F	0.0%
	OKTA	C	0.0%
	AXON	A	0.0%

QUS Underweight 218 Positions Relative to FNDX

	Symbol	Grade	Weight
	LUMN	C	-0.65%
	ARW	D	-0.08%
	USFD	A	-0.08%
	WHR	B	-0.08%
	WKC	C	-0.08%
	JLL	D	-0.08%
	VFC	C	-0.07%
	CMA	B	-0.07%
	THC	D	-0.07%
	R	B	-0.07%
	X	B	-0.07%
	LAD	A	-0.07%
	AVT	C	-0.07%
	TOL	B	-0.06%
	M	F	-0.06%
	JEF	A	-0.06%
	UNM	A	-0.06%
	AA	A	-0.06%
	ZION	B	-0.06%
	OMF	A	-0.06%
	MHK	D	-0.06%
	FLEX	B	-0.06%
	PFGC	B	-0.06%
	KSS	F	-0.06%
	VNO	C	-0.05%
	INGR	C	-0.05%
	ORI	A	-0.05%
	IVZ	B	-0.05%
	AN	C	-0.05%
	KD	B	-0.05%
	DXC	B	-0.05%
	ALSN	B	-0.05%
	LEA	F	-0.05%
	TDS	B	-0.05%
	GPI	B	-0.05%
	CASY	A	-0.05%
	BWA	D	-0.05%
	TPR	B	-0.05%
	SFM	A	-0.05%
	BFH	C	-0.05%
	LNC	C	-0.05%
	LPX	B	-0.04%
	BCC	B	-0.04%
	GAP	C	-0.04%
	OSK	C	-0.04%
	AMG	B	-0.04%
	ZIM	C	-0.04%
	UFPI	C	-0.04%
	FYBR	C	-0.04%
	CNO	B	-0.04%
	DOX	D	-0.04%
	SLM	A	-0.04%
	TMHC	C	-0.04%
	GT	C	-0.04%
	RGA	A	-0.04%
	RHI	C	-0.04%
	FAF	A	-0.04%
	MUSA	B	-0.04%
	BERY	C	-0.04%
	PVH	C	-0.04%
	PNW	A	-0.04%
	AYI	B	-0.04%
	WCC	B	-0.04%
	THO	B	-0.04%
	EVR	B	-0.04%
	OGN	F	-0.04%
	JXN	C	-0.04%
	MAN	F	-0.04%
	UGI	C	-0.04%
	EXP	B	-0.03%
	SEE	C	-0.03%
	THG	A	-0.03%
	LSTR	D	-0.03%
	PRI	B	-0.03%
	AR	B	-0.03%
	FMC	D	-0.03%
	SCI	B	-0.03%
	GNTX	C	-0.03%
	AAP	D	-0.03%
	BTU	B	-0.03%
	ITT	A	-0.03%
	KBH	D	-0.03%
	CW	C	-0.03%
	TPH	D	-0.03%
	G	B	-0.03%
	FLR	B	-0.03%
	SNX	D	-0.03%
	BC	C	-0.03%
	ABG	C	-0.03%
	SNV	C	-0.03%
	VOYA	B	-0.03%
	ARMK	B	-0.03%
	CAR	C	-0.03%
	OGE	A	-0.03%
	GPK	C	-0.03%
	HAS	D	-0.03%
	FL	F	-0.03%
	RRX	B	-0.03%
	RL	C	-0.03%
	AGCO	D	-0.03%
	CACI	D	-0.03%
	MTH	D	-0.03%
	JHG	B	-0.03%
	CLF	F	-0.03%
	EWBC	A	-0.03%
	WU	F	-0.03%
	CIEN	C	-0.03%
	GNW	A	-0.03%
	NXST	C	-0.03%
	HUN	F	-0.03%
	FHN	A	-0.03%
	CMC	B	-0.03%
	OLN	F	-0.03%
	PBF	D	-0.03%
	MTZ	B	-0.03%
	SANM	B	-0.03%
	NWL	C	-0.03%
	HBI	B	-0.03%
	GL	C	-0.03%
	MLI	B	-0.03%
	MDU	D	-0.02%
	MTN	C	-0.02%
	ODP	F	-0.02%
	COHR	B	-0.02%
	ALV	C	-0.02%
	ALK	B	-0.02%
	ADNT	F	-0.02%
	FLO	D	-0.02%
	MPW	F	-0.02%
	MATX	C	-0.02%
	LEG	F	-0.02%
	BPOP	C	-0.02%
	CHKP	C	-0.02%
	ARCH	B	-0.02%
	TKR	D	-0.02%
	MIDD	C	-0.02%
	AER	A	-0.02%
	NSIT	F	-0.02%
	KBR	F	-0.02%
	POR	C	-0.02%
	MKSI	C	-0.02%
	VAC	C	-0.02%
	XRX	F	-0.02%
	ASO	F	-0.02%
	WERN	C	-0.02%
	OI	C	-0.02%
	POST	C	-0.02%
	NFG	A	-0.02%
	ASGN	F	-0.02%
	NAVI	F	-0.02%
	SM	B	-0.02%
	CZR	F	-0.02%
	CCEP	C	-0.02%
	LECO	C	-0.02%
	ST	F	-0.02%
	AL	B	-0.02%
	MUR	D	-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%
	GXO	B	-0.02%
	PENN	C	-0.02%
	HOG	D	-0.02%
	NOV	C	-0.02%
	DCI	B	-0.02%
	NVT	B	-0.02%
	BECN	B	-0.02%
	SKX	D	-0.02%
	CC	C	-0.02%
	LAMR	C	-0.02%
	PK	C	-0.02%
	BRX	A	-0.02%
	MTG	C	-0.02%
	ABM	B	-0.02%
	DAR	C	-0.02%
	ATR	B	-0.02%
	BJ	A	-0.02%
	EHC	B	-0.02%
	RUSHA	C	-0.02%
	SAIC	F	-0.02%
	REZI	A	-0.02%
	GNRC	C	-0.02%
	TGNA	B	-0.02%
	BAP	A	-0.02%
	SON	F	-0.02%
	AXTA	B	-0.02%
	VSH	F	-0.01%
	ANDE	D	-0.01%
	LILAK	D	-0.01%
	CNXC	F	-0.01%
	DBX	B	-0.01%
	ICLR	D	-0.01%
	MSM	C	-0.01%
	SPTN	D	-0.01%
	CHE	D	-0.01%
	MMS	F	-0.01%
	AEO	F	-0.01%
	CYH	F	-0.01%
	JAZZ	B	-0.01%
	BLD	D	-0.01%
	TNL	A	-0.01%
	PRGO	C	-0.01%
	QRTEA	F	-0.01%
	AAL	B	-0.01%
	FTI	A	-0.01%
	JWN	D	-0.01%
	HRB	D	-0.01%
	XRAY	F	-0.01%
	DK	C	-0.01%
	HTZ	C	-0.01%
	DAN	D	-0.01%
	UNFI	A	-0.01%
	CRI	F	-0.01%
	CNX	A	-0.01%
	CPRI	F	-0.01%

QUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50

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