SCHX vs. RAFE ETF Comparison

Comparison of Schwab U.S. Large-Cap ETF (SCHX) to PIMCO RAFI ESG U.S. ETF (RAFE)

SCHX

Schwab U.S. Large-Cap ETF

SCHX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market IndexSM actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The index is a float-adjusted market capitalization weighted index. It may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$67.79

Average Daily Volume

1,461,242

Number of Holdings ^*

730

* may have additional holdings in another (foreign) market

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.74

Average Daily Volume

4,418

Number of Holdings ^*

235

* may have additional holdings in another (foreign) market

Performance

Period	SCHX	RAFE
30 Days	4.42%	2.44%
60 Days	11.27%	9.67%
90 Days	3.84%	4.22%
12 Months	36.94%	29.08%

213 Overlapping Holdings

Symbol	Grade	Weight in SCHX	Weight in RAFE	Overlap
A	B	0.08%	0.14%	0.08%
AAPL	C	6.66%	5.24%	5.24%
ABBV	C	0.66%	1.47%	0.66%
ABT	C	0.38%	0.93%	0.38%
ACN	B	0.42%	0.8%	0.42%
ADBE	F	0.44%	0.52%	0.44%
ADI	B	0.22%	0.33%	0.22%
ADM	F	0.06%	0.3%	0.06%
ADP	A	0.21%	0.35%	0.21%
AGCO	D	0.01%	0.03%	0.01%
AKAM	D	0.03%	0.07%	0.03%
ALL	A	0.1%	0.46%	0.1%
AMAT	C	0.33%	0.78%	0.33%
AMD	C	0.51%	0.06%	0.06%
AMGN	D	0.33%	1.01%	0.33%
AMP	A	0.09%	0.17%	0.09%
AMT	D	0.21%	0.18%	0.18%
ANET	A	0.19%	0.02%	0.02%
APD	C	0.13%	0.3%	0.13%
ARW	C	0.01%	0.14%	0.01%
AVB	C	0.06%	0.13%	0.06%
AVGO	B	1.55%	1.06%	1.06%
AWK	D	0.05%	0.12%	0.05%
AXP	A	0.29%	0.48%	0.29%
BAC	B	0.51%	0.59%	0.51%
BALL	C	0.04%	0.14%	0.04%
BAX	D	0.04%	0.16%	0.04%
BBY	C	0.04%	0.46%	0.04%
BDX	C	0.13%	0.28%	0.13%
BIIB	F	0.05%	0.27%	0.05%
BK	A	0.1%	0.15%	0.1%
BMY	A	0.2%	1.48%	0.2%
BSX	A	0.24%	0.08%	0.08%
C	B	0.23%	2.4%	0.23%
CAG	D	0.03%	0.06%	0.03%
CAH	B	0.05%	0.22%	0.05%
CARR	A	0.13%	0.33%	0.13%
CBRE	C	0.07%	0.29%	0.07%
CCI	D	0.1%	0.25%	0.1%
CDNS	D	0.14%	0.09%	0.09%
CDW	D	0.06%	0.1%	0.06%
CF	A	0.03%	0.13%	0.03%
CHD	D	0.05%	0.05%	0.05%
CI	D	0.19%	1.12%	0.19%
CL	D	0.16%	0.33%	0.16%
CMCSA	B	0.31%	1.23%	0.31%
CMI	A	0.09%	0.15%	0.09%
CNC	F	0.08%	0.14%	0.08%
CPB	D	0.02%	0.05%	0.02%
CRM	B	0.52%	0.39%	0.39%
CSCO	A	0.41%	2.21%	0.41%
CTSH	B	0.07%	0.15%	0.07%
CTVA	A	0.08%	0.04%	0.04%
CVS	D	0.15%	0.37%	0.15%
DD	C	0.07%	0.52%	0.07%
DE	C	0.21%	0.46%	0.21%
DELL	C	0.07%	0.09%	0.07%
DG	F	0.04%	0.13%	0.04%
DGX	D	0.03%	0.05%	0.03%
DHR	D	0.34%	0.44%	0.34%
DIS	D	0.33%	0.82%	0.33%
DOV	C	0.05%	0.04%	0.04%
DOW	B	0.07%	0.51%	0.07%
DVA	C	0.01%	0.14%	0.01%
EA	D	0.07%	0.22%	0.07%
EBAY	A	0.06%	0.35%	0.06%
ECL	C	0.12%	0.22%	0.12%
EIX	C	0.06%	0.2%	0.06%
EL	D	0.04%	0.14%	0.04%
ELV	F	0.23%	0.93%	0.23%
EQH	B	0.03%	0.04%	0.03%
EQIX	C	0.16%	0.19%	0.16%
EQR	C	0.05%	0.13%	0.05%
ESS	D	0.04%	0.04%	0.04%
EW	F	0.08%	0.12%	0.08%
F	D	0.08%	0.88%	0.08%
FAST	C	0.08%	0.07%	0.07%
FDX	F	0.12%	0.34%	0.12%
FI	A	0.2%	0.2%	0.2%
FIS	A	0.09%	0.28%	0.09%
FITB	C	0.06%	0.1%	0.06%
FLEX	B	0.03%	0.03%	0.03%
FOXA	B	0.03%	0.12%	0.03%
GEHC	C	0.08%	0.24%	0.08%
GILD	A	0.2%	0.76%	0.2%
GIS	C	0.08%	0.31%	0.08%
GM	D	0.1%	1.43%	0.1%
GPC	D	0.04%	0.07%	0.04%
GS	B	0.3%	0.65%	0.3%
GWW	B	0.09%	0.13%	0.09%
HAS	A	0.02%	0.05%	0.02%
HCA	C	0.14%	0.09%	0.09%
HD	A	0.76%	1.45%	0.76%
HIG	A	0.07%	0.22%	0.07%
HLT	A	0.11%	0.11%	0.11%
HOLX	D	0.04%	0.09%	0.04%
HPE	B	0.05%	0.54%	0.05%
HPQ	B	0.07%	0.56%	0.07%
HRL	F	0.02%	0.01%	0.01%
HSIC	D	0.02%	0.05%	0.02%
HST	D	0.02%	0.09%	0.02%
HSY	D	0.05%	0.05%	0.05%
HUM	F	0.07%	0.3%	0.07%
IBM	A	0.39%	1.54%	0.39%
IFF	D	0.05%	0.12%	0.05%
ILMN	B	0.04%	0.06%	0.04%
INTC	D	0.2%	2.15%	0.2%
IP	C	0.03%	0.29%	0.03%
IRM	B	0.07%	0.16%	0.07%
ISRG	C	0.33%	0.1%	0.1%
ITW	C	0.14%	0.24%	0.14%
JCI	C	0.1%	0.41%	0.1%
JLL	C	0.02%	0.18%	0.02%
JNJ	D	0.75%	2.73%	0.75%
JNPR	C	0.02%	0.17%	0.02%
JPM	C	1.15%	2.84%	1.15%
K	B	0.04%	0.14%	0.04%
KDP	C	0.08%	0.13%	0.08%
KEYS	B	0.05%	0.09%	0.05%
KHC	F	0.06%	0.18%	0.06%
KIM	C	0.03%	0.03%	0.03%
KLAC	B	0.2%	0.21%	0.2%
KMB	D	0.09%	0.25%	0.09%
KO	C	0.54%	0.91%	0.54%
LEA	F	0.01%	0.08%	0.01%
LIN	C	0.44%	0.98%	0.44%
LKQ	F	0.02%	0.07%	0.02%
LLY	D	1.33%	0.66%	0.66%
LOW	C	0.29%	0.97%	0.29%
MA	A	0.78%	0.61%	0.61%
MAA	D	0.04%	0.06%	0.04%
MAR	A	0.11%	0.2%	0.11%
MCHP	F	0.08%	0.06%	0.06%
MCK	F	0.12%	0.28%	0.12%
MCO	D	0.14%	0.13%	0.13%
MDLZ	D	0.19%	0.27%	0.19%
MET	A	0.09%	0.57%	0.09%
META	A	2.38%	1.0%	1.0%
MHK	C	0.02%	0.05%	0.02%
MMM	C	0.14%	0.92%	0.14%
MOS	F	0.02%	0.16%	0.02%
MRK	F	0.55%	1.6%	0.55%
MRVL	C	0.12%	0.09%	0.09%
MSFT	D	6.12%	4.62%	4.62%
MSI	A	0.14%	0.16%	0.14%
MU	D	0.23%	0.79%	0.23%
NDAQ	C	0.06%	0.03%	0.03%
NEM	C	0.12%	0.47%	0.12%
NFLX	A	0.58%	0.06%	0.06%
NKE	D	0.21%	0.44%	0.21%
NTAP	D	0.05%	0.23%	0.05%
NTRS	B	0.03%	0.05%	0.03%
NVDA	B	5.74%	0.74%	0.74%
NWSA	D	0.03%	0.04%	0.03%
O	C	0.1%	0.02%	0.02%
OC	C	0.03%	0.16%	0.03%
OMC	C	0.04%	0.12%	0.04%
ON	F	0.06%	0.09%	0.06%
ORCL	A	0.52%	1.22%	0.52%
ORLY	A	0.13%	0.02%	0.02%
OTIS	A	0.08%	0.1%	0.08%
PARA	F	0.01%	0.16%	0.01%
PAYX	B	0.08%	0.09%	0.08%
PEP	F	0.45%	0.25%	0.25%
PFE	D	0.32%	2.15%	0.32%
PFG	A	0.04%	0.16%	0.04%
PG	D	0.79%	2.33%	0.79%
PGR	B	0.28%	0.2%	0.2%
PKG	B	0.04%	0.11%	0.04%
PLD	D	0.22%	0.07%	0.07%
PPG	D	0.06%	0.18%	0.06%
PRU	B	0.08%	0.39%	0.08%
PYPL	A	0.15%	0.47%	0.15%
QCOM	D	0.36%	1.33%	0.36%
ROK	D	0.06%	0.04%	0.04%
RSG	D	0.08%	0.03%	0.03%
SHW	C	0.17%	0.13%	0.13%
SJM	D	0.02%	0.08%	0.02%
SNPS	F	0.15%	0.06%	0.06%
SOLV	C	0.02%	0.07%	0.02%
SPGI	C	0.32%	0.09%	0.09%
STT	A	0.05%	0.19%	0.05%
SWK	C	0.03%	0.11%	0.03%
SYK	C	0.24%	0.09%	0.09%
SYY	D	0.07%	0.2%	0.07%
T	B	0.3%	1.91%	0.3%
TER	C	0.04%	0.1%	0.04%
TGT	C	0.14%	0.92%	0.14%
TJX	D	0.26%	0.39%	0.26%
TMUS	A	0.19%	0.34%	0.19%
TPR	B	0.02%	0.11%	0.02%
TROW	D	0.05%	0.07%	0.05%
TSCO	A	0.06%	0.1%	0.06%
TSLA	C	1.39%	0.29%	0.29%
TSN	D	0.03%	0.06%	0.03%
TXN	C	0.37%	0.69%	0.37%
UNH	B	1.03%	0.49%	0.49%
UPS	D	0.19%	0.44%	0.19%
USFD	C	0.03%	0.07%	0.03%
V	B	0.88%	0.79%	0.79%
VFC	A	0.01%	0.15%	0.01%
VTR	C	0.05%	0.19%	0.05%
VTRS	D	0.03%	0.06%	0.03%
VZ	C	0.36%	1.48%	0.36%
WAB	A	0.06%	0.05%	0.05%
WAT	B	0.04%	0.09%	0.04%
WBA	F	0.01%	0.08%	0.01%
WDC	C	0.04%	0.3%	0.04%
WELL	C	0.14%	0.25%	0.14%
WFC	B	0.37%	1.73%	0.37%
WM	B	0.14%	0.33%	0.14%
WY	C	0.05%	0.23%	0.05%
ZTS	C	0.17%	0.13%	0.13%

SCHX Overweight 517 Positions Relative to RAFE

Symbol	Grade	Weight
AMZN	C	3.38%
GOOGL	B	1.85%
BRK.A	B	1.61%
GOOG	B	1.53%
XOM	A	0.99%
COST	C	0.75%
WMT	A	0.67%
CVX	B	0.48%
TMO	D	0.45%
MCD	A	0.42%
GE	B	0.39%
PM	D	0.36%
CAT	A	0.36%
NOW	B	0.35%
INTU	F	0.33%
NEE	C	0.33%
UBER	C	0.31%
RTX	A	0.31%
UNP	F	0.29%
BKNG	B	0.27%
HON	C	0.26%
MS	A	0.25%
ETN	B	0.25%
BLK	A	0.25%
LMT	A	0.24%
VRTX	D	0.23%
COP	D	0.23%
MDT	C	0.22%
LRCX	D	0.21%
PANW	B	0.21%
CB	A	0.21%
MMC	D	0.21%
SBUX	B	0.21%
REGN	D	0.21%
BX	C	0.21%
SO	A	0.19%
ICE	A	0.18%
BA	F	0.18%
SCHW	D	0.18%
TT	A	0.17%
MO	D	0.17%
KKR	A	0.17%
DUK	C	0.17%
PH	A	0.16%
AON	A	0.15%
GD	C	0.15%
APH	D	0.15%
CMG	C	0.15%
CME	A	0.15%
TDG	A	0.15%
CEG	A	0.15%
USB	C	0.14%
NOC	B	0.14%
PNC	C	0.14%
FCX	B	0.14%
PLTR	A	0.14%
CRWD	D	0.13%
CSX	D	0.13%
GEV	A	0.13%
CTAS	C	0.13%
EOG	B	0.13%
SLB	D	0.12%
AJG	C	0.12%
NXPI	F	0.12%
EMR	B	0.12%
AZO	D	0.11%
MPC	D	0.11%
PSX	D	0.11%
WMB	A	0.11%
AFL	A	0.11%
DHI	C	0.11%
NSC	C	0.11%
PSA	C	0.11%
ABNB	D	0.11%
APO	A	0.11%
TFC	D	0.11%
COF	A	0.11%
ADSK	B	0.11%
ROP	D	0.11%
DLR	C	0.1%
ROST	D	0.1%
SPG	A	0.1%
PCAR	D	0.1%
WDAY	D	0.1%
SRE	C	0.1%
OKE	A	0.1%
TRV	B	0.1%
AEP	C	0.1%
URI	C	0.1%
KVUE	C	0.09%
LHX	A	0.09%
MPWR	B	0.09%
MSCI	B	0.09%
CPRT	B	0.09%
TEL	D	0.09%
AIG	C	0.09%
DASH	A	0.09%
FICO	C	0.09%
LEN	C	0.09%
D	A	0.09%
FTNT	A	0.09%
TTD	A	0.09%
IT	A	0.08%
YUM	C	0.08%
IR	A	0.08%
AME	C	0.08%
EXC	C	0.08%
VST	A	0.08%
HWM	A	0.08%
STZ	D	0.08%
LNG	A	0.08%
IQV	F	0.08%
KMI	A	0.08%
IDXX	D	0.08%
RCL	B	0.08%
PCG	C	0.08%
FLUT	B	0.08%
ACGL	A	0.08%
VLO	F	0.08%
PWR	A	0.08%
PEG	A	0.08%
OXY	D	0.07%
GLW	C	0.07%
VICI	C	0.07%
DFS	A	0.07%
RMD	C	0.07%
ALNY	C	0.07%
DDOG	B	0.07%
NUE	D	0.07%
BKR	B	0.07%
EFX	D	0.07%
ED	C	0.07%
XEL	C	0.07%
VRT	B	0.07%
HES	D	0.07%
MNST	D	0.07%
ODFL	F	0.07%
SQ	D	0.07%
EXR	D	0.07%
KR	C	0.07%
VRSK	D	0.07%
SNOW	F	0.07%
COIN	F	0.07%
ARES	A	0.06%
MTB	A	0.06%
PHM	C	0.06%
WTW	C	0.06%
NVR	C	0.06%
WEC	B	0.06%
FANG	D	0.06%
CSGP	F	0.06%
MSTR	B	0.06%
VEEV	C	0.06%
MTD	C	0.06%
CHTR	D	0.06%
LULU	D	0.06%
TRGP	A	0.06%
XYL	C	0.06%
MLM	F	0.06%
VMC	D	0.06%
DAL	C	0.06%
STE	D	0.05%
PPL	C	0.05%
ES	D	0.05%
BRO	A	0.05%
DECK	B	0.05%
DVN	F	0.05%
TYL	D	0.05%
SW	C	0.05%
BR	B	0.05%
NET	D	0.05%
TTWO	D	0.05%
LYB	B	0.05%
HAL	D	0.05%
HEI	C	0.05%
SBAC	C	0.05%
TEAM	D	0.05%
GPN	F	0.05%
DTE	B	0.05%
GRMN	D	0.05%
DXCM	F	0.05%
VLTO	A	0.05%
APP	A	0.05%
HUBS	D	0.05%
FSLR	C	0.05%
FTV	C	0.05%
ETR	A	0.05%
ANSS	D	0.05%
AXON	A	0.05%
ZM	B	0.04%
MAS	C	0.04%
CFG	C	0.04%
EXPE	B	0.04%
CCL	C	0.04%
WBD	F	0.04%
NRG	A	0.04%
ARE	D	0.04%
UAL	A	0.04%
CNP	B	0.04%
ZBRA	B	0.04%
ULTA	D	0.04%
CVNA	A	0.04%
PINS	D	0.04%
LII	C	0.04%
DKNG	C	0.04%
J	F	0.04%
MDB	D	0.04%
SYF	A	0.04%
DRI	C	0.04%
APTV	D	0.04%
WSM	C	0.04%
EME	B	0.04%
INVH	D	0.04%
MOH	F	0.04%
TRU	C	0.04%
CLX	C	0.04%
MKL	B	0.04%
TDY	A	0.04%
CSL	A	0.04%
MKC	C	0.04%
RF	B	0.04%
BAH	C	0.04%
SMCI	F	0.04%
CMS	A	0.04%
HBAN	B	0.04%
CBOE	B	0.04%
CINF	A	0.04%
ATO	A	0.04%
LDOS	A	0.04%
CPAY	A	0.04%
PTC	B	0.04%
EQT	C	0.04%
ZBH	F	0.04%
FCNCA	D	0.04%
GDDY	B	0.04%
MRNA	F	0.04%
WST	D	0.04%
FE	C	0.04%
BLDR	C	0.04%
RJF	B	0.04%
STX	C	0.04%
HUBB	A	0.04%
AEE	A	0.04%
RBLX	D	0.04%
FND	C	0.03%
EMN	C	0.03%
CPT	C	0.03%
ELS	D	0.03%
Z	C	0.03%
UDR	C	0.03%
ERIE	A	0.03%
BMRN	F	0.03%
UHS	D	0.03%
COHR	B	0.03%
CASY	D	0.03%
WPC	C	0.03%
JBHT	D	0.03%
BG	F	0.03%
ACM	A	0.03%
FIX	A	0.03%
JBL	C	0.03%
GLPI	C	0.03%
ROL	C	0.03%
RNR	A	0.03%
TW	A	0.03%
NDSN	C	0.03%
RGA	B	0.03%
EVRG	C	0.03%
AES	C	0.03%
L	C	0.03%
POOL	D	0.03%
NTNX	C	0.03%
GWRE	A	0.03%
RBA	D	0.03%
DLTR	F	0.03%
MRO	B	0.03%
GGG	C	0.03%
IBKR	A	0.03%
TRMB	B	0.03%
DPZ	D	0.03%
SNA	C	0.03%
CE	D	0.03%
PSTG	F	0.03%
KEY	B	0.03%
NI	A	0.03%
NTRA	A	0.03%
THC	D	0.03%
ENPH	F	0.03%
LNT	B	0.03%
DT	B	0.03%
RPM	A	0.03%
SSNC	C	0.03%
SWKS	F	0.03%
FNF	C	0.03%
TOL	C	0.03%
DOC	C	0.03%
RS	D	0.03%
UTHR	C	0.03%
SUI	D	0.03%
PNR	C	0.03%
VRSN	C	0.03%
ZS	F	0.03%
PODD	C	0.03%
AMCR	C	0.03%
IEX	D	0.03%
TXT	F	0.03%
TPL	A	0.03%
BURL	C	0.03%
HOOD	B	0.03%
LYV	A	0.03%
WRB	C	0.03%
EG	A	0.03%
WSO	C	0.03%
MANH	A	0.03%
LPLA	D	0.03%
ENTG	D	0.03%
FDS	C	0.03%
CTRA	D	0.03%
AVTR	D	0.03%
LUV	B	0.03%
ALGN	D	0.03%
AVY	D	0.03%
LVS	B	0.03%
STLD	C	0.03%
EXPD	D	0.03%
CMA	C	0.02%
WBS	D	0.02%
IVZ	A	0.02%
BSY	D	0.02%
UHAL	C	0.02%
BERY	C	0.02%
OGE	C	0.02%
AXTA	C	0.02%
CHRD	F	0.02%
APG	F	0.02%
LNW	F	0.02%
PAYC	D	0.02%
AGNC	B	0.02%
TKO	A	0.02%
FMC	C	0.02%
FHN	D	0.02%
AYI	A	0.02%
BWA	C	0.02%
MEDP	F	0.02%
ORI	A	0.02%
RIVN	F	0.02%
LAD	C	0.02%
AR	C	0.02%
PR	D	0.02%
SOFI	C	0.02%
MORN	B	0.02%
FRT	D	0.02%
KBR	A	0.02%
WEX	C	0.02%
KNX	D	0.02%
GME	D	0.02%
CNM	F	0.02%
NNN	C	0.02%
CIEN	A	0.02%
CHE	D	0.02%
DCI	B	0.02%
TTC	F	0.02%
WYNN	B	0.02%
CZR	B	0.02%
SNX	C	0.02%
EGP	D	0.02%
OLED	B	0.02%
APA	F	0.02%
MGM	D	0.02%
CG	B	0.02%
MUSA	D	0.02%
CHK	C	0.02%
NCLH	C	0.02%
GNRC	B	0.02%
RGLD	C	0.02%
WAL	C	0.02%
GL	C	0.02%
ROKU	C	0.02%
TPX	C	0.02%
ALLY	F	0.02%
DAY	C	0.02%
LW	D	0.02%
EHC	C	0.02%
WTRG	D	0.02%
MKTX	B	0.02%
MTCH	B	0.02%
AFG	A	0.02%
CHDN	C	0.02%
QRVO	F	0.02%
OWL	A	0.02%
LBRDK	C	0.02%
JEF	A	0.02%
CNH	C	0.02%
TAP	D	0.02%
PNW	C	0.02%
UNM	A	0.02%
AA	B	0.02%
CRL	F	0.02%
OVV	D	0.02%
KNSL	B	0.02%
ARMK	C	0.02%
WWD	C	0.02%
TWLO	B	0.02%
HII	F	0.02%
AIZ	B	0.02%
OHI	C	0.02%
ONTO	B	0.02%
INCY	B	0.02%
ATR	A	0.02%
SFM	A	0.02%
FTI	B	0.02%
AOS	C	0.02%
RPRX	D	0.02%
BJ	B	0.02%
CTLT	A	0.02%
REXR	D	0.02%
LECO	D	0.02%
RRX	B	0.02%
CACI	A	0.02%
WMS	D	0.02%
ALB	D	0.02%
SCI	D	0.02%
TOST	B	0.02%
CCK	C	0.02%
EPAM	F	0.02%
EWBC	B	0.02%
SNAP	D	0.02%
TXRH	A	0.02%
SAIA	D	0.02%
TFX	C	0.02%
LAMR	C	0.02%
REG	C	0.02%
NBIX	F	0.02%
BXP	B	0.02%
NVT	C	0.02%
IPG	D	0.02%
SRPT	F	0.02%
OKTA	F	0.02%
CLH	B	0.02%
WING	C	0.02%
CUBE	C	0.02%
AMH	D	0.02%
KMX	F	0.02%
PFGC	A	0.02%
DKS	D	0.02%
EXAS	C	0.02%
ITT	C	0.02%
BLD	D	0.02%
INSM	D	0.02%
TECH	D	0.02%
TTEK	A	0.02%
CW	A	0.02%
ALLE	A	0.02%
DOCU	A	0.02%
CHRW	C	0.02%
JKHY	A	0.02%
FFIV	B	0.02%
XPO	F	0.02%
PAG	D	0.01%
LCID	F	0.01%
COTY	F	0.01%
PSN	A	0.01%
WLK	C	0.01%
CELH	F	0.01%
POST	C	0.01%
ST	F	0.01%
PATH	D	0.01%
CLF	D	0.01%
MASI	B	0.01%
DAR	F	0.01%
WH	C	0.01%
NOV	F	0.01%
G	A	0.01%
BIO	B	0.01%
ETSY	F	0.01%
BEN	F	0.01%
ESTC	F	0.01%
U	D	0.01%
PCOR	D	0.01%
STWD	C	0.01%
JAZZ	F	0.01%
RHI	D	0.01%
SEIC	B	0.01%
MTN	D	0.01%
ZION	D	0.01%
ALV	F	0.01%
CGNX	F	0.01%
PCTY	C	0.01%
CRBG	B	0.01%
ELAN	D	0.01%
CBSH	D	0.01%
CFR	B	0.01%
WSC	D	0.01%
GNTX	D	0.01%
BBWI	F	0.01%
DINO	F	0.01%
TREX	D	0.01%
PEN	D	0.01%
RRC	D	0.01%
LSCC	D	0.01%
COLD	D	0.01%
ACI	F	0.01%
WCC	D	0.01%
COKE	C	0.01%
MIDD	D	0.01%
AAL	D	0.01%
RGEN	F	0.01%
VOYA	A	0.01%
BRKR	D	0.01%
UI	B	0.0%
CNA	D	0.0%
REYN	D	0.0%
PPC	C	0.0%
RCM	B	0.0%
ADTN	C	0.0%
BOKF	B	0.0%
AGR	C	0.0%

SCHX Underweight 22 Positions Relative to RAFE

Symbol	Grade	Weight
WHR	C	-0.16%
LUMN	C	-0.15%
KSS	D	-0.13%
COR	F	-0.1%
PVH	D	-0.09%
GAP	F	-0.09%
AVT	B	-0.08%
HUN	B	-0.07%
DOX	B	-0.07%
LNC	B	-0.06%
FL	F	-0.05%
XRX	D	-0.05%
GT	F	-0.05%
DXC	C	-0.05%
OGN	F	-0.04%
KD	D	-0.04%
M	D	-0.03%
MAN	D	-0.03%
AAP	F	-0.03%
NWL	D	-0.03%
GEN	A	-0.03%
WU	D	-0.03%