RWL vs. FNDX ETF Comparison

Comparison of RevenueShares Large Cap ETF (RWL) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$100.75

Average Daily Volume

132,271

Number of Holdings ^*

499

* 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

$24.34

Average Daily Volume

1,155,219

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	RWL	FNDX
30 Days	1.45%	0.41%
60 Days	3.99%	3.02%
90 Days	5.86%	5.52%
12 Months	27.12%	27.57%

468 Overlapping Holdings

Symbol	Grade	Weight in RWL	Weight in FNDX	Overlap
A	F	0.03%	0.05%	0.03%
AAPL	C	2.18%	4.35%	2.18%
ABBV	F	0.26%	0.49%	0.26%
ABT	A	0.22%	0.34%	0.22%
ACGL	D	0.07%	0.03%	0.03%
ACN	C	0.37%	0.36%	0.36%
ADBE	D	0.11%	0.2%	0.11%
ADI	D	0.05%	0.13%	0.05%
ADM	D	0.42%	0.21%	0.21%
ADP	B	0.11%	0.15%	0.11%
ADSK	B	0.04%	0.03%	0.03%
AEE	A	0.04%	0.07%	0.04%
AEP	C	0.1%	0.16%	0.1%
AES	F	0.05%	0.05%	0.05%
AFL	C	0.11%	0.21%	0.11%
AIG	C	0.24%	0.28%	0.24%
AIZ	A	0.07%	0.03%	0.03%
AJG	B	0.06%	0.05%	0.05%
AKAM	F	0.02%	0.03%	0.02%
ALB	B	0.05%	0.03%	0.03%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.34%	0.27%	0.27%
ALLE	D	0.02%	0.01%	0.01%
AMAT	F	0.15%	0.24%	0.15%
AMCR	D	0.07%	0.03%	0.03%
AMD	F	0.12%	0.09%	0.09%
AME	A	0.04%	0.05%	0.04%
AMGN	D	0.15%	0.39%	0.15%
AMP	A	0.12%	0.15%	0.12%
AMT	D	0.05%	0.11%	0.05%
AMZN	B	3.77%	1.56%	1.56%
ANET	C	0.04%	0.04%	0.04%
ANSS	B	0.01%	0.02%	0.01%
AON	B	0.08%	0.13%	0.08%
AOS	F	0.02%	0.02%	0.02%
APA	F	0.05%	0.03%	0.03%
APD	A	0.07%	0.13%	0.07%
APH	B	0.08%	0.09%	0.08%
APTV	F	0.09%	0.02%	0.02%
ARE	F	0.01%	0.03%	0.01%
ATO	A	0.02%	0.04%	0.02%
AVB	B	0.02%	0.05%	0.02%
AVGO	C	0.26%	0.61%	0.26%
AVY	D	0.04%	0.04%	0.04%
AWK	C	0.02%	0.04%	0.02%
AXP	B	0.44%	0.36%	0.36%
AZO	C	0.1%	0.06%	0.06%
BA	D	0.36%	0.11%	0.11%
BAC	A	1.24%	1.3%	1.24%
BALL	D	0.07%	0.06%	0.06%
BAX	F	0.07%	0.07%	0.07%
BBY	D	0.22%	0.16%	0.16%
BDX	F	0.11%	0.11%	0.11%
BEN	C	0.05%	0.04%	0.04%
BG	D	0.28%	0.1%	0.1%
BIIB	F	0.04%	0.09%	0.04%
BK	B	0.23%	0.26%	0.23%
BKNG	A	0.16%	0.24%	0.16%
BKR	B	0.19%	0.16%	0.16%
BLDR	D	0.09%	0.06%	0.06%
BLK	B	0.13%	0.28%	0.13%
BMY	A	0.3%	0.45%	0.3%
BR	B	0.04%	0.03%	0.03%
BRK.A	B	2.13%	2.17%	2.13%
BRO	B	0.03%	0.02%	0.02%
BSX	A	0.09%	0.09%	0.09%
BWA	D	0.08%	0.05%	0.05%
BX	A	0.07%	0.13%	0.07%
BXP	D	0.02%	0.05%	0.02%
C	B	1.1%	1.1%	1.1%
CAG	F	0.06%	0.06%	0.06%
CAH	B	1.34%	0.07%	0.07%
CARR	D	0.13%	0.12%	0.12%
CAT	C	0.41%	0.41%	0.41%
CB	C	0.29%	0.26%	0.26%
CBOE	C	0.02%	0.01%	0.01%
CBRE	B	0.2%	0.13%	0.13%
CCI	C	0.03%	0.09%	0.03%
CCL	A	0.18%	0.06%	0.06%
CDNS	B	0.03%	0.03%	0.03%
CDW	F	0.09%	0.04%	0.04%
CE	F	0.03%	0.03%	0.03%
CEG	C	0.14%	0.1%	0.1%
CF	A	0.03%	0.07%	0.03%
CFG	B	0.08%	0.1%	0.08%
CHD	A	0.03%	0.04%	0.03%
CHRW	B	0.11%	0.08%	0.08%
CHTR	B	0.35%	0.35%	0.35%
CI	D	1.06%	0.48%	0.48%
CINF	A	0.06%	0.07%	0.06%
CL	D	0.09%	0.13%	0.09%
CLX	A	0.04%	0.04%	0.04%
CMCSA	B	0.73%	0.83%	0.73%
CME	A	0.03%	0.08%	0.03%
CMG	C	0.06%	0.04%	0.04%
CMI	A	0.23%	0.19%	0.19%
CMS	C	0.04%	0.06%	0.04%
CNC	F	0.68%	0.19%	0.19%
CNP	A	0.05%	0.06%	0.05%
COF	B	0.38%	0.48%	0.38%
COP	B	0.34%	0.48%	0.34%
COR	B	1.58%	0.02%	0.02%
COST	A	1.41%	0.66%	0.66%
CPAY	A	0.03%	0.06%	0.03%
CPB	D	0.05%	0.03%	0.03%
CPRT	B	0.03%	0.03%	0.03%
CPT	C	0.01%	0.02%	0.01%
CRL	D	0.02%	0.01%	0.01%
CRM	B	0.26%	0.15%	0.15%
CSCO	B	0.34%	0.82%	0.34%
CSX	C	0.09%	0.22%	0.09%
CTAS	B	0.05%	0.08%	0.05%
CTLT	D	0.02%	0.02%	0.02%
CTRA	B	0.03%	0.03%	0.03%
CTSH	C	0.11%	0.19%	0.11%
CTVA	C	0.09%	0.09%	0.09%
CVS	F	1.9%	0.68%	0.68%
CVX	A	1.25%	1.25%	1.25%
CZR	F	0.06%	0.02%	0.02%
D	C	0.07%	0.17%	0.07%
DAL	A	0.48%	0.03%	0.03%
DD	D	0.07%	0.17%	0.07%
DE	C	0.31%	0.23%	0.23%
DECK	A	0.03%	0.03%	0.03%
DELL	B	0.59%	0.03%	0.03%
DFS	B	0.16%	0.26%	0.16%
DG	F	0.2%	0.08%	0.08%
DGX	A	0.05%	0.07%	0.05%
DHI	D	0.17%	0.16%	0.16%
DHR	D	0.12%	0.15%	0.12%
DIS	B	0.59%	0.45%	0.45%
DLR	A	0.03%	0.08%	0.03%
DLTR	F	0.16%	0.05%	0.05%
DOC	D	0.01%	0.03%	0.01%
DOV	B	0.05%	0.06%	0.05%
DOW	F	0.21%	0.18%	0.18%
DPZ	C	0.03%	0.03%	0.03%
DRI	C	0.07%	0.05%	0.05%
DTE	C	0.06%	0.07%	0.06%
DUK	C	0.16%	0.3%	0.16%
DVA	C	0.06%	0.06%	0.06%
DVN	F	0.08%	0.09%	0.08%
EA	A	0.04%	0.09%	0.04%
EBAY	D	0.05%	0.17%	0.05%
ECL	D	0.08%	0.08%	0.08%
ED	C	0.07%	0.12%	0.07%
EFX	F	0.03%	0.03%	0.03%
EG	D	0.08%	0.02%	0.02%
EIX	C	0.09%	0.1%	0.09%
EL	F	0.07%	0.03%	0.03%
ELV	F	0.7%	0.36%	0.36%
EMN	D	0.05%	0.08%	0.05%
EMR	A	0.12%	0.17%	0.12%
EOG	A	0.15%	0.23%	0.15%
EPAM	C	0.03%	0.02%	0.02%
EQIX	A	0.05%	0.08%	0.05%
EQR	C	0.01%	0.05%	0.01%
EQT	A	0.03%	0.04%	0.03%
ES	C	0.06%	0.08%	0.06%
ESS	A	0.01%	0.03%	0.01%
ETN	B	0.16%	0.23%	0.16%
ETR	A	0.08%	0.12%	0.08%
EVRG	A	0.03%	0.07%	0.03%
EW	C	0.03%	0.04%	0.03%
EXC	C	0.12%	0.17%	0.12%
EXPD	D	0.05%	0.04%	0.04%
EXPE	B	0.1%	0.04%	0.04%
EXR	C	0.02%	0.03%	0.02%
F	C	1.03%	0.33%	0.33%
FANG	D	0.05%	0.05%	0.05%
FAST	B	0.05%	0.07%	0.05%
FCX	F	0.14%	0.14%	0.14%
FDX	B	0.49%	0.32%	0.32%
FE	C	0.07%	0.09%	0.07%
FFIV	B	0.02%	0.03%	0.02%
FI	A	0.13%	0.13%	0.13%
FIS	C	0.06%	0.12%	0.06%
FITB	B	0.08%	0.13%	0.08%
FMC	D	0.02%	0.03%	0.02%
FOXA	B	0.05%	0.1%	0.05%
FSLR	F	0.02%	0.01%	0.01%
FTNT	B	0.04%	0.03%	0.03%
FTV	D	0.03%	0.03%	0.03%
GD	D	0.24%	0.21%	0.21%
GDDY	A	0.03%	0.03%	0.03%
GE	D	0.21%	0.15%	0.15%
GEHC	D	0.1%	0.09%	0.09%
GEN	B	0.02%	0.04%	0.02%
GEV	A	0.25%	0.04%	0.04%
GILD	C	0.17%	0.37%	0.17%
GIS	F	0.1%	0.11%	0.1%
GL	C	0.03%	0.03%	0.03%
GLW	B	0.08%	0.14%	0.08%
GM	B	1.22%	0.79%	0.79%
GNRC	B	0.03%	0.02%	0.02%
GOOG	B	1.01%	1.14%	1.01%
GOOGL	B	1.01%	1.33%	1.01%
GPC	F	0.11%	0.05%	0.05%
GPN	C	0.06%	0.09%	0.06%
GRMN	B	0.04%	0.03%	0.03%
GS	B	0.82%	0.62%	0.62%
GWW	B	0.11%	0.08%	0.08%
HAL	C	0.14%	0.06%	0.06%
HAS	D	0.02%	0.03%	0.02%
HBAN	B	0.08%	0.08%	0.08%
HCA	F	0.33%	0.2%	0.2%
HD	A	0.89%	0.8%	0.8%
HES	B	0.08%	0.06%	0.06%
HIG	B	0.14%	0.14%	0.14%
HII	F	0.05%	0.03%	0.03%
HLT	A	0.07%	0.06%	0.06%
HOLX	D	0.02%	0.04%	0.02%
HON	B	0.23%	0.37%	0.23%
HPE	B	0.2%	0.21%	0.2%
HPQ	B	0.32%	0.21%	0.21%
HRL	D	0.06%	0.03%	0.03%
HSIC	C	0.06%	0.04%	0.04%
HST	D	0.03%	0.04%	0.03%
HSY	F	0.05%	0.04%	0.04%
HUBB	B	0.03%	0.03%	0.03%
HUM	D	0.54%	0.19%	0.19%
HWM	A	0.05%	0.07%	0.05%
IBM	C	0.33%	0.54%	0.33%
ICE	C	0.06%	0.11%	0.06%
IDXX	F	0.02%	0.02%	0.02%
IEX	B	0.02%	0.03%	0.02%
IFF	D	0.05%	0.05%	0.05%
INTC	C	0.39%	0.89%	0.39%
INTU	B	0.1%	0.11%	0.1%
INVH	D	0.01%	0.03%	0.01%
IP	A	0.12%	0.17%	0.12%
IPG	F	0.06%	0.04%	0.04%
IQV	F	0.07%	0.07%	0.07%
IR	B	0.04%	0.03%	0.03%
IRM	C	0.03%	0.06%	0.03%
ISRG	A	0.05%	0.09%	0.05%
IT	C	0.04%	0.03%	0.03%
ITW	B	0.09%	0.15%	0.09%
IVZ	C	0.04%	0.05%	0.04%
J	D	0.09%	0.05%	0.05%
JBHT	C	0.07%	0.05%	0.05%
JBL	C	0.2%	0.06%	0.06%
JCI	B	0.17%	0.16%	0.16%
JKHY	D	0.01%	0.02%	0.01%
JNJ	D	0.44%	0.89%	0.44%
JNPR	D	0.03%	0.05%	0.03%
JPM	A	1.74%	2.03%	1.74%
K	B	0.07%	0.07%	0.07%
KDP	D	0.07%	0.07%	0.07%
KEY	B	0.07%	0.1%	0.07%
KEYS	C	0.03%	0.04%	0.03%
KHC	F	0.13%	0.09%	0.09%
KIM	A	0.01%	0.03%	0.01%
KKR	A	0.16%	0.12%	0.12%
KLAC	F	0.05%	0.08%	0.05%
KMB	C	0.1%	0.1%	0.1%
KMI	A	0.11%	0.23%	0.11%
KMX	C	0.14%	0.06%	0.06%
KO	D	0.22%	0.35%	0.22%
KR	B	0.87%	0.3%	0.3%
KVUE	A	0.09%	0.05%	0.05%
L	A	0.1%	0.05%	0.05%
LDOS	C	0.09%	0.07%	0.07%
LEN	D	0.18%	0.16%	0.16%
LH	B	0.07%	0.09%	0.07%
LHX	B	0.12%	0.16%	0.12%
LIN	D	0.17%	0.33%	0.17%
LKQ	F	0.07%	0.05%	0.05%
LLY	F	0.18%	0.2%	0.18%
LMT	D	0.37%	0.37%	0.37%
LNT	A	0.02%	0.04%	0.02%
LOW	C	0.49%	0.43%	0.43%
LRCX	F	0.08%	0.15%	0.08%
LULU	C	0.07%	0.01%	0.01%
LUV	B	0.17%	0.02%	0.02%
LVS	B	0.08%	0.04%	0.04%
LW	C	0.04%	0.02%	0.02%
LYB	F	0.2%	0.14%	0.14%
MA	B	0.15%	0.29%	0.15%
MAA	A	0.01%	0.03%	0.01%
MAR	B	0.16%	0.09%	0.09%
MAS	D	0.04%	0.05%	0.04%
MCD	D	0.14%	0.34%	0.14%
MCHP	F	0.03%	0.05%	0.03%
MCK	A	2.03%	0.11%	0.11%
MCO	D	0.04%	0.07%	0.04%
MDLZ	F	0.17%	0.2%	0.17%
MDT	D	0.17%	0.16%	0.16%
MET	A	0.41%	0.26%	0.26%
META	C	0.91%	1.79%	0.91%
MGM	D	0.1%	0.06%	0.06%
MHK	D	0.05%	0.06%	0.05%
MKC	D	0.03%	0.03%	0.03%
MLM	B	0.04%	0.04%	0.04%
MMC	D	0.13%	0.14%	0.13%
MMM	D	0.13%	0.35%	0.13%
MNST	C	0.04%	0.05%	0.04%
MO	A	0.12%	0.37%	0.12%
MOH	F	0.18%	0.05%	0.05%
MOS	D	0.07%	0.06%	0.06%
MPC	D	0.79%	0.4%	0.4%
MRK	F	0.29%	0.42%	0.29%
MRNA	F	0.02%	0.03%	0.02%
MRO	A	0.04%	0.09%	0.04%
MS	A	0.76%	0.46%	0.46%
MSCI	B	0.02%	0.03%	0.02%
MSFT	D	1.34%	2.43%	1.34%
MSI	B	0.06%	0.07%	0.06%
MTB	A	0.09%	0.11%	0.09%
MTD	F	0.02%	0.03%	0.02%
MU	D	0.13%	0.38%	0.13%
NDAQ	A	0.04%	0.03%	0.03%
NDSN	D	0.01%	0.02%	0.01%
NEE	C	0.12%	0.24%	0.12%
NEM	D	0.06%	0.13%	0.06%
NFLX	A	0.24%	0.17%	0.17%
NI	A	0.03%	0.05%	0.03%
NKE	F	0.27%	0.19%	0.19%
NOC	D	0.22%	0.2%	0.2%
NOW	B	0.07%	0.01%	0.01%
NRG	B	0.18%	0.1%	0.1%
NSC	B	0.07%	0.21%	0.07%
NTAP	C	0.04%	0.07%	0.04%
NTRS	A	0.1%	0.08%	0.08%
NUE	D	0.18%	0.19%	0.18%
NVDA	A	0.65%	0.4%	0.4%
NVR	D	0.05%	0.08%	0.05%
NWSA	B	0.03%	0.04%	0.03%
NXPI	F	0.07%	0.05%	0.05%
O	C	0.02%	0.04%	0.02%
ODFL	B	0.04%	0.06%	0.04%
OKE	A	0.12%	0.14%	0.12%
OMC	C	0.09%	0.08%	0.08%
ON	F	0.04%	0.04%	0.04%
ORCL	A	0.34%	0.5%	0.34%
ORLY	B	0.1%	0.11%	0.1%
OTIS	C	0.08%	0.05%	0.05%
OXY	F	0.15%	0.11%	0.11%
PANW	B	0.05%	0.03%	0.03%
PARA	D	0.17%	0.11%	0.11%
PAYX	B	0.03%	0.06%	0.03%
PCAR	C	0.23%	0.15%	0.15%
PCG	A	0.14%	0.03%	0.03%
PEG	C	0.06%	0.11%	0.06%
PEP	F	0.47%	0.41%	0.41%
PFE	F	0.27%	0.68%	0.27%
PFG	C	0.09%	0.09%	0.09%
PG	C	0.44%	0.77%	0.44%
PGR	B	0.38%	0.23%	0.23%
PH	B	0.13%	0.13%	0.13%
PHM	D	0.09%	0.11%	0.09%
PKG	B	0.05%	0.07%	0.05%
PLD	D	0.04%	0.07%	0.04%
PM	A	0.2%	0.48%	0.2%
PNC	B	0.21%	0.3%	0.21%
PNR	B	0.03%	0.04%	0.03%
PNW	B	0.03%	0.04%	0.03%
POOL	D	0.03%	0.02%	0.02%
PPG	F	0.1%	0.08%	0.08%
PPL	A	0.05%	0.11%	0.05%
PRU	B	0.36%	0.22%	0.22%
PSA	C	0.02%	0.05%	0.02%
PSX	C	0.86%	0.36%	0.36%
PWR	A	0.15%	0.07%	0.07%
PYPL	B	0.21%	0.22%	0.21%
QCOM	F	0.2%	0.43%	0.2%
QRVO	F	0.01%	0.03%	0.01%
REG	A	0.01%	0.02%	0.01%
REGN	F	0.05%	0.1%	0.05%
RF	A	0.06%	0.09%	0.06%
RJF	A	0.11%	0.05%	0.05%
RL	C	0.04%	0.03%	0.03%
RMD	C	0.02%	0.03%	0.02%
ROK	B	0.05%	0.06%	0.05%
ROP	C	0.04%	0.05%	0.04%
ROST	D	0.11%	0.07%	0.07%
RSG	A	0.09%	0.06%	0.06%
RTX	D	0.4%	0.34%	0.34%
RVTY	D	0.01%	0.03%	0.01%
SBAC	D	0.01%	0.02%	0.01%
SBUX	A	0.2%	0.28%	0.2%
SCHW	A	0.18%	0.13%	0.13%
SHW	C	0.13%	0.08%	0.08%
SJM	D	0.04%	0.05%	0.04%
SLB	C	0.21%	0.12%	0.12%
SNA	B	0.04%	0.06%	0.04%
SNPS	C	0.04%	0.03%	0.03%
SO	C	0.14%	0.26%	0.14%
SOLV	F	0.04%	0.02%	0.02%
SPG	A	0.03%	0.1%	0.03%
SPGI	D	0.07%	0.15%	0.07%
SRE	A	0.08%	0.13%	0.08%
STE	D	0.03%	0.03%	0.03%
STLD	B	0.12%	0.11%	0.11%
STT	B	0.12%	0.1%	0.1%
STX	D	0.03%	0.09%	0.03%
STZ	D	0.05%	0.07%	0.05%
SW	A	0.12%	0.09%	0.09%
SWK	F	0.07%	0.07%	0.07%
SWKS	F	0.02%	0.04%	0.02%
SYF	B	0.15%	0.34%	0.15%
SYK	A	0.12%	0.13%	0.12%
SYY	D	0.42%	0.1%	0.1%
T	A	0.69%	1.27%	0.69%
TAP	B	0.07%	0.05%	0.05%
TDG	D	0.04%	0.06%	0.04%
TDY	B	0.03%	0.03%	0.03%
TER	F	0.01%	0.04%	0.01%
TFC	A	0.16%	0.23%	0.16%
TFX	F	0.01%	0.02%	0.01%
TGT	B	0.6%	0.38%	0.38%
TJX	A	0.31%	0.22%	0.22%
TMO	F	0.2%	0.25%	0.2%
TMUS	B	0.51%	0.25%	0.25%
TPR	B	0.05%	0.05%	0.05%
TRGP	A	0.12%	0.07%	0.07%
TRMB	B	0.03%	0.03%	0.03%
TROW	B	0.04%	0.13%	0.04%
TRV	A	0.26%	0.31%	0.26%
TSCO	D	0.08%	0.06%	0.06%
TSLA	A	0.71%	0.28%	0.28%
TSN	B	0.3%	0.2%	0.2%
TT	A	0.12%	0.06%	0.06%
TTWO	A	0.04%	0.03%	0.03%
TXN	C	0.09%	0.34%	0.09%
TXT	D	0.07%	0.06%	0.06%
UBER	F	0.22%	0.04%	0.04%
UDR	C	0.01%	0.02%	0.01%
UHS	D	0.07%	0.08%	0.07%
ULTA	F	0.06%	0.03%	0.03%
UNH	C	2.1%	1.22%	1.22%
UNP	D	0.13%	0.35%	0.13%
UPS	C	0.51%	0.28%	0.28%
URI	B	0.09%	0.13%	0.09%
USB	B	0.26%	0.32%	0.26%
V	A	0.21%	0.36%	0.21%
VICI	C	0.02%	0.02%	0.02%
VLO	C	0.8%	0.39%	0.39%
VMC	B	0.05%	0.05%	0.05%
VRSK	B	0.02%	0.04%	0.02%
VRSN	F	0.01%	0.01%	0.01%
VRTX	D	0.06%	0.07%	0.06%
VST	A	0.13%	0.16%	0.13%
VTR	B	0.03%	0.08%	0.03%
VTRS	A	0.09%	0.1%	0.09%
VZ	C	0.68%	1.13%	0.68%
WAB	B	0.07%	0.06%	0.06%
WAT	C	0.02%	0.04%	0.02%
WBA	F	0.77%	0.17%	0.17%
WBD	B	0.25%	0.08%	0.08%
WDC	F	0.07%	0.12%	0.07%
WEC	A	0.05%	0.08%	0.05%
WELL	A	0.04%	0.1%	0.04%
WFC	A	0.93%	1.35%	0.93%
WM	B	0.12%	0.15%	0.12%
WMB	A	0.07%	0.17%	0.07%
WMT	A	3.83%	1.47%	1.47%
WRB	B	0.07%	0.03%	0.03%
WST	D	0.02%	0.02%	0.02%
WTW	B	0.06%	0.07%	0.06%
WY	D	0.04%	0.09%	0.04%
XEL	A	0.08%	0.12%	0.08%
XOM	B	2.04%	1.99%	1.99%
XYL	D	0.04%	0.03%	0.03%
YUM	D	0.04%	0.08%	0.04%
ZBH	C	0.04%	0.05%	0.04%
ZBRA	B	0.03%	0.04%	0.03%
ZTS	D	0.04%	0.07%	0.04%

RWL Overweight 31 Positions Relative to FNDX

Symbol	Grade	Weight
UAL	A	0.56%
LYV	A	0.17%
RCL	A	0.12%
ABNB	D	0.07%
NCLH	B	0.07%
FOX	A	0.05%
WYNN	D	0.05%
CRWD	B	0.03%
INCY	C	0.03%
VLTO	C	0.03%
NWS	A	0.03%
SMCI	F	0.03%
ERIE	F	0.02%
AXON	A	0.02%
MTCH	F	0.02%
ROL	B	0.02%
PLTR	A	0.02%
DXCM	C	0.02%
FRT	B	0.01%
TECH	F	0.01%
MPWR	F	0.01%
FICO	B	0.01%
TYL	B	0.01%
PODD	B	0.01%
DAY	B	0.01%
PAYC	B	0.01%
FDS	B	0.01%
PTC	B	0.01%
CSGP	F	0.01%
MKTX	D	0.0%
ENPH	F	0.0%

RWL Underweight 253 Positions Relative to FNDX

Symbol	Grade	Weight
LUMN	C	-0.65%
ALLY	C	-0.1%
RS	B	-0.09%
ARW	F	-0.08%
USFD	A	-0.08%
WHR	B	-0.08%
WKC	D	-0.08%
JLL	D	-0.08%
OC	A	-0.07%
VFC	C	-0.07%
CMA	B	-0.07%
THC	C	-0.07%
R	B	-0.07%
X	C	-0.07%
LAD	B	-0.07%
AVT	C	-0.07%
OVV	C	-0.06%
TOL	B	-0.06%
M	D	-0.06%
JEF	A	-0.06%
UNM	A	-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%
KSS	F	-0.06%
ACM	B	-0.05%
VNO	C	-0.05%
AFG	A	-0.05%
INGR	B	-0.05%
ORI	A	-0.05%
MKL	A	-0.05%
CSL	C	-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%
CASY	A	-0.05%
DINO	D	-0.05%
SFM	A	-0.05%
BFH	B	-0.05%
LNC	B	-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%
FAF	C	-0.04%
MUSA	B	-0.04%
BERY	D	-0.04%
LPLA	A	-0.04%
PVH	C	-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%
MRVL	B	-0.04%
UGI	C	-0.04%
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%
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%
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%
MTH	D	-0.03%
JHG	B	-0.03%
CLF	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%
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%
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%
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%