SPLG vs. FNDX ETF Comparison

Comparison of SPDR Portfolio Large Cap ETF (SPLG) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

SPLG

SPDR Portfolio Large Cap ETF

SPLG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Large Cap Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the large-capitalization segment of the U.S. equity market. The fund may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$63.55

Average Daily Volume

5,986,992

Number of Holdings ^*

496

* 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

$68.41

Average Daily Volume

449,199

Number of Holdings ^*

717

* may have additional holdings in another (foreign) market

Performance

Period	SPLG	FNDX
30 Days	4.20%	3.86%
60 Days	-2.71%	1.51%
90 Days	1.55%	3.23%
12 Months	23.26%	20.88%

465 Overlapping Holdings

	Symbol	Grade	Weight in SPLG	Weight in FNDX	Overlap
	A	B	0.09%	0.06%	0.06%
	AAL	C	0.01%	0.0%	0.0%
	AAPL	C	6.94%	4.54%	4.54%
	ABBV	B	0.73%	0.6%	0.6%
	ABT	A	0.41%	0.33%	0.33%
	ACGL	B	0.09%	0.05%	0.05%
	ACN	A	0.45%	0.33%	0.33%
	ADBE	B	0.54%	0.21%	0.21%
	ADI	C	0.24%	0.14%	0.14%
	ADM	D	0.06%	0.23%	0.06%
	ADP	B	0.24%	0.14%	0.14%
	ADSK	B	0.12%	0.03%	0.03%
	AEE	A	0.05%	0.07%	0.05%
	AEP	A	0.11%	0.18%	0.11%
	AES	D	0.03%	0.06%	0.03%
	AFL	B	0.12%	0.22%	0.12%
	AIG	D	0.11%	0.29%	0.11%
	AIZ	B	0.02%	0.03%	0.02%
	AJG	A	0.14%	0.05%	0.05%
	AKAM	D	0.03%	0.04%	0.03%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	F	0.03%	0.02%	0.02%
	ALL	B	0.1%	0.29%	0.1%
	ALLE	B	0.03%	0.02%	0.02%
	AMAT	F	0.34%	0.26%	0.26%
	AMCR	B	0.03%	0.02%	0.02%
	AMD	F	0.51%	0.09%	0.09%
	AME	D	0.08%	0.05%	0.05%
	AMGN	C	0.38%	0.48%	0.38%
	AMP	B	0.09%	0.12%	0.09%
	AMT	A	0.22%	0.14%	0.14%
	AMZN	D	3.43%	1.28%	1.28%
	ANET	D	0.19%	0.03%	0.03%
	ANSS	D	0.06%	0.02%	0.02%
	AON	A	0.16%	0.12%	0.12%
	AOS	D	0.02%	0.03%	0.02%
	APA	F	0.02%	0.04%	0.02%
	APD	B	0.13%	0.11%	0.11%
	APH	D	0.17%	0.09%	0.09%
	APTV	D	0.04%	0.04%	0.04%
	ARE	D	0.04%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.05%	0.05%
	AVGO	D	1.49%	0.65%	0.65%
	AVY	B	0.04%	0.04%	0.04%
	AWK	A	0.06%	0.05%	0.05%
	AXP	B	0.31%	0.37%	0.31%
	AZO	B	0.12%	0.06%	0.06%
	BA	F	0.21%	0.15%	0.15%
	BAC	D	0.58%	1.25%	0.58%
	BALL	A	0.04%	0.06%	0.04%
	BAX	A	0.04%	0.08%	0.04%
	BBWI	F	0.01%	0.03%	0.01%
	BBY	A	0.04%	0.17%	0.04%
	BDX	D	0.15%	0.11%	0.11%
	BEN	F	0.01%	0.04%	0.01%
	BG	D	0.03%	0.11%	0.03%
	BIIB	D	0.06%	0.11%	0.06%
	BK	B	0.11%	0.25%	0.11%
	BKNG	C	0.28%	0.2%	0.2%
	BKR	D	0.07%	0.14%	0.07%
	BLDR	C	0.04%	0.04%	0.04%
	BLK	B	0.26%	0.25%	0.25%
	BMY	B	0.21%	0.35%	0.21%
	BR	C	0.05%	0.04%	0.04%
	BRK.A	B	1.81%	2.33%	1.81%
	BRO	A	0.05%	0.03%	0.03%
	BSX	A	0.25%	0.09%	0.09%
	BWA	D	0.02%	0.05%	0.02%
	BX	B	0.21%	0.11%	0.11%
	BXP	A	0.02%	0.05%	0.02%
	C	D	0.25%	1.11%	0.25%
	CAG	A	0.03%	0.07%	0.03%
	CAH	A	0.06%	0.07%	0.06%
	CARR	B	0.13%	0.12%	0.12%
	CAT	C	0.37%	0.4%	0.37%
	CB	A	0.24%	0.28%	0.24%
	CBOE	A	0.05%	0.02%	0.02%
	CBRE	B	0.07%	0.12%	0.07%
	CCI	A	0.1%	0.1%	0.1%
	CCL	D	0.03%	0.05%	0.03%
	CDNS	D	0.15%	0.03%	0.03%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.03%	0.06%	0.03%
	CEG	D	0.13%	0.1%	0.1%
	CF	B	0.03%	0.06%	0.03%
	CFG	B	0.04%	0.11%	0.04%
	CHD	A	0.05%	0.04%	0.04%
	CHRW	B	0.03%	0.08%	0.03%
	CHTR	C	0.07%	0.33%	0.07%
	CI	B	0.22%	0.54%	0.22%
	CINF	B	0.05%	0.07%	0.05%
	CL	A	0.18%	0.16%	0.16%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	C	0.33%	0.76%	0.33%
	CME	A	0.16%	0.08%	0.08%
	CMG	D	0.16%	0.04%	0.04%
	CMI	B	0.09%	0.17%	0.09%
	CMS	A	0.04%	0.06%	0.04%
	CNC	D	0.09%	0.26%	0.09%
	CNP	D	0.04%	0.06%	0.04%
	COF	C	0.12%	0.4%	0.12%
	COP	D	0.28%	0.45%	0.28%
	COST	B	0.83%	0.71%	0.71%
	CPAY	B	0.05%	0.05%	0.05%
	CPB	A	0.02%	0.04%	0.02%
	CPRT	D	0.1%	0.02%	0.02%
	CPT	B	0.03%	0.02%	0.02%
	CRL	F	0.02%	0.01%	0.01%
	CRM	D	0.52%	0.12%	0.12%
	CSCO	B	0.43%	0.73%	0.43%
	CSX	D	0.14%	0.21%	0.14%
	CTAS	B	0.15%	0.09%	0.09%
	CTLT	A	0.02%	0.02%	0.02%
	CTRA	F	0.04%	0.02%	0.02%
	CTSH	B	0.08%	0.18%	0.08%
	CTVA	B	0.08%	0.09%	0.08%
	CVS	F	0.15%	0.67%	0.15%
	CVX	F	0.53%	1.11%	0.53%
	CZR	D	0.02%	0.02%	0.02%
	D	A	0.1%	0.18%	0.1%
	DAL	D	0.06%	0.02%	0.02%
	DD	C	0.07%	0.18%	0.07%
	DE	B	0.21%	0.21%	0.21%
	DECK	C	0.05%	0.03%	0.03%
	DFS	C	0.07%	0.22%	0.07%
	DG	F	0.04%	0.12%	0.04%
	DGX	B	0.04%	0.07%	0.04%
	DHI	B	0.12%	0.19%	0.12%
	DHR	B	0.37%	0.16%	0.16%
	DIS	F	0.35%	0.37%	0.35%
	DLR	D	0.1%	0.07%	0.07%
	DLTR	F	0.04%	0.06%	0.04%
	DOC	B	0.03%	0.04%	0.03%
	DOV	C	0.05%	0.06%	0.05%
	DOW	D	0.08%	0.21%	0.08%
	DPZ	D	0.03%	0.04%	0.03%
	DRI	A	0.04%	0.05%	0.04%
	DTE	B	0.05%	0.08%	0.05%
	DUK	A	0.18%	0.33%	0.18%
	DVA	B	0.02%	0.06%	0.02%
	DVN	F	0.06%	0.09%	0.06%
	EA	C	0.08%	0.08%	0.08%
	EBAY	A	0.06%	0.18%	0.06%
	ECL	B	0.14%	0.09%	0.09%
	ED	A	0.07%	0.13%	0.07%
	EFX	B	0.08%	0.04%	0.04%
	EG	B	0.04%	0.03%	0.03%
	EIX	A	0.07%	0.11%	0.07%
	EL	F	0.04%	0.04%	0.04%
	ELV	B	0.27%	0.51%	0.27%
	EMN	C	0.03%	0.08%	0.03%
	EMR	D	0.13%	0.15%	0.13%
	EOG	D	0.16%	0.22%	0.16%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	B	0.17%	0.08%	0.08%
	EQR	B	0.05%	0.06%	0.05%
	EQT	D	0.04%	0.03%	0.03%
	ES	A	0.05%	0.09%	0.05%
	ESS	B	0.04%	0.03%	0.03%
	ETN	D	0.26%	0.2%	0.2%
	ETR	A	0.05%	0.1%	0.05%
	EVRG	A	0.03%	0.07%	0.03%
	EW	F	0.09%	0.04%	0.04%
	EXC	A	0.08%	0.17%	0.08%
	EXPD	D	0.04%	0.02%	0.02%
	EXPE	C	0.04%	0.03%	0.03%
	EXR	B	0.08%	0.04%	0.04%
	F	D	0.09%	0.32%	0.09%
	FANG	D	0.07%	0.05%	0.05%
	FAST	D	0.08%	0.06%	0.06%
	FCX	D	0.13%	0.14%	0.13%
	FDX	D	0.14%	0.33%	0.14%
	FE	A	0.05%	0.1%	0.05%
	FFIV	B	0.02%	0.03%	0.02%
	FIS	A	0.1%	0.13%	0.1%
	FITB	B	0.06%	0.13%	0.06%
	FMC	C	0.02%	0.03%	0.02%
	FOXA	B	0.02%	0.09%	0.02%
	FSLR	C	0.05%	0.02%	0.02%
	FTNT	B	0.1%	0.03%	0.03%
	FTV	D	0.05%	0.03%	0.03%
	GD	B	0.14%	0.23%	0.14%
	GDDY	C	0.05%	0.03%	0.03%
	GE	C	0.4%	0.18%	0.18%
	GEHC	B	0.08%	0.07%	0.07%
	GEV	A	0.12%	0.04%	0.04%
	GILD	A	0.21%	0.33%	0.21%
	GIS	A	0.09%	0.13%	0.09%
	GL	B	0.02%	0.03%	0.02%
	GLW	C	0.07%	0.14%	0.07%
	GM	B	0.12%	0.73%	0.12%
	GNRC	C	0.02%	0.02%	0.02%
	GOOG	D	1.7%	1.11%	1.11%
	GOOGL	D	2.02%	1.27%	1.27%
	GPC	D	0.04%	0.06%	0.04%
	GPN	C	0.06%	0.08%	0.06%
	GRMN	B	0.06%	0.04%	0.04%
	GS	C	0.35%	0.59%	0.35%
	GWW	C	0.09%	0.07%	0.07%
	HAL	F	0.06%	0.06%	0.06%
	HAS	B	0.02%	0.04%	0.02%
	HBAN	B	0.05%	0.07%	0.05%
	HCA	B	0.16%	0.25%	0.16%
	HD	B	0.77%	0.77%	0.77%
	HES	F	0.08%	0.05%	0.05%
	HIG	B	0.07%	0.15%	0.07%
	HII	B	0.02%	0.05%	0.02%
	HLT	C	0.11%	0.06%	0.06%
	HOLX	A	0.04%	0.04%	0.04%
	HON	D	0.28%	0.34%	0.28%
	HPE	D	0.05%	0.2%	0.05%
	HPQ	D	0.07%	0.21%	0.07%
	HRL	A	0.02%	0.03%	0.02%
	HSIC	C	0.02%	0.04%	0.02%
	HST	D	0.03%	0.04%	0.03%
	HSY	A	0.06%	0.04%	0.04%
	HUBB	C	0.05%	0.03%	0.03%
	HUM	D	0.09%	0.22%	0.09%
	HWM	B	0.08%	0.07%	0.07%
	IBM	A	0.39%	0.57%	0.39%
	ICE	A	0.19%	0.13%	0.13%
	IDXX	D	0.08%	0.02%	0.02%
	IEX	D	0.03%	0.02%	0.02%
	IFF	A	0.06%	0.06%	0.06%
	INTC	F	0.2%	0.6%	0.2%
	INTU	D	0.37%	0.1%	0.1%
	INVH	B	0.04%	0.03%	0.03%
	IP	B	0.04%	0.15%	0.04%
	IPG	B	0.03%	0.04%	0.03%
	IQV	B	0.1%	0.09%	0.09%
	IR	D	0.08%	0.03%	0.03%
	IRM	B	0.07%	0.07%	0.07%
	ISRG	B	0.37%	0.08%	0.08%
	IT	B	0.08%	0.03%	0.03%
	ITW	C	0.14%	0.14%	0.14%
	IVZ	C	0.02%	0.05%	0.02%
	J	C	0.04%	0.06%	0.04%
	JBHT	C	0.03%	0.04%	0.03%
	JBL	F	0.03%	0.05%	0.03%
	JCI	C	0.1%	0.15%	0.1%
	JKHY	B	0.03%	0.02%	0.02%
	JNJ	B	0.84%	0.99%	0.84%
	JNPR	A	0.03%	0.05%	0.03%
	JPM	B	1.36%	2.06%	1.36%
	K	A	0.04%	0.07%	0.04%
	KDP	A	0.08%	0.08%	0.08%
	KEY	B	0.03%	0.1%	0.03%
	KEYS	C	0.06%	0.03%	0.03%
	KHC	A	0.06%	0.11%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	B	0.17%	0.11%	0.11%
	KLAC	D	0.23%	0.1%	0.1%
	KMB	A	0.1%	0.11%	0.1%
	KMI	B	0.09%	0.19%	0.09%
	KMX	C	0.03%	0.07%	0.03%
	KO	B	0.59%	0.43%	0.43%
	KR	C	0.07%	0.28%	0.07%
	KVUE	A	0.09%	0.03%	0.03%
	L	B	0.03%	0.05%	0.03%
	LDOS	B	0.04%	0.08%	0.04%
	LEN	B	0.09%	0.19%	0.09%
	LHX	C	0.09%	0.16%	0.09%
	LIN	B	0.48%	0.35%	0.35%
	LKQ	D	0.02%	0.05%	0.02%
	LLY	B	1.61%	0.27%	0.27%
	LMT	A	0.25%	0.39%	0.25%
	LNT	A	0.03%	0.04%	0.03%
	LOW	B	0.3%	0.41%	0.3%
	LRCX	F	0.23%	0.17%	0.17%
	LULU	F	0.06%	0.02%	0.02%
	LUV	A	0.04%	0.02%	0.02%
	LVS	D	0.03%	0.03%	0.03%
	LW	D	0.02%	0.01%	0.01%
	LYB	D	0.05%	0.16%	0.05%
	MA	B	0.83%	0.27%	0.27%
	MAA	B	0.04%	0.04%	0.04%
	MAR	D	0.12%	0.08%	0.08%
	MAS	B	0.04%	0.06%	0.04%
	MCD	A	0.44%	0.33%	0.33%
	MCHP	D	0.09%	0.06%	0.06%
	MCK	D	0.15%	0.1%	0.1%
	MCO	B	0.16%	0.08%	0.08%
	MDLZ	A	0.2%	0.22%	0.2%
	MDT	A	0.25%	0.27%	0.25%
	MET	B	0.1%	0.26%	0.1%
	META	C	2.4%	1.8%	1.8%
	MGM	F	0.02%	0.05%	0.02%
	MHK	B	0.02%	0.07%	0.02%
	MKC	A	0.04%	0.04%	0.04%
	MLM	D	0.07%	0.04%	0.04%
	MMC	A	0.24%	0.15%	0.15%
	MMM	B	0.16%	0.4%	0.16%
	MNST	D	0.07%	0.04%	0.04%
	MO	A	0.19%	0.39%	0.19%
	MOH	C	0.04%	0.05%	0.04%
	MOS	F	0.02%	0.06%	0.02%
	MPC	D	0.13%	0.43%	0.13%
	MRK	D	0.63%	0.51%	0.51%
	MRNA	F	0.05%	0.04%	0.04%
	MRO	C	0.03%	0.08%	0.03%
	MS	C	0.27%	0.37%	0.27%
	MSCI	B	0.1%	0.03%	0.03%
	MSFT	D	6.52%	2.42%	2.42%
	MSI	B	0.16%	0.06%	0.06%
	MTB	B	0.06%	0.1%	0.06%
	MTD	C	0.06%	0.04%	0.04%
	MU	F	0.22%	0.38%	0.22%
	NDAQ	A	0.06%	0.03%	0.03%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	A	0.35%	0.27%	0.27%
	NEM	B	0.13%	0.19%	0.13%
	NFLX	B	0.64%	0.15%	0.15%
	NI	A	0.03%	0.04%	0.03%
	NKE	C	0.21%	0.19%	0.19%
	NOC	B	0.15%	0.21%	0.15%
	NOW	B	0.37%	0.01%	0.01%
	NRG	C	0.04%	0.11%	0.04%
	NSC	B	0.12%	0.2%	0.12%
	NTAP	D	0.05%	0.09%	0.05%
	NTRS	B	0.04%	0.07%	0.04%
	NUE	F	0.08%	0.18%	0.08%
	NVDA	D	6.17%	0.4%	0.4%
	NVR	B	0.06%	0.08%	0.06%
	NWSA	C	0.02%	0.04%	0.02%
	NXPI	D	0.14%	0.08%	0.08%
	O	A	0.11%	0.04%	0.04%
	ODFL	D	0.07%	0.05%	0.05%
	OKE	A	0.11%	0.12%	0.11%
	OMC	B	0.04%	0.08%	0.04%
	ON	D	0.07%	0.04%	0.04%
	ORCL	A	0.47%	0.4%	0.4%
	ORLY	B	0.14%	0.1%	0.1%
	OTIS	D	0.08%	0.05%	0.05%
	OXY	F	0.08%	0.12%	0.08%
	PANW	B	0.25%	0.03%	0.03%
	PARA	F	0.01%	0.1%	0.01%
	PAYX	B	0.09%	0.06%	0.06%
	PCAR	D	0.11%	0.13%	0.11%
	PCG	A	0.09%	0.03%	0.03%
	PEG	B	0.08%	0.11%	0.08%
	PEP	A	0.5%	0.44%	0.44%
	PFE	D	0.35%	0.73%	0.35%
	PFG	D	0.04%	0.08%	0.04%
	PG	A	0.85%	0.81%	0.81%
	PGR	A	0.31%	0.25%	0.25%
	PH	B	0.16%	0.12%	0.12%
	PHM	B	0.06%	0.12%	0.06%
	PKG	B	0.04%	0.07%	0.04%
	PLD	B	0.25%	0.08%	0.08%
	PM	A	0.4%	0.5%	0.4%
	PNC	B	0.16%	0.29%	0.16%
	PNR	B	0.03%	0.03%	0.03%
	PNW	A	0.02%	0.04%	0.02%
	POOL	C	0.03%	0.02%	0.02%
	PPG	D	0.06%	0.08%	0.06%
	PPL	A	0.05%	0.11%	0.05%
	PRU	C	0.09%	0.23%	0.09%
	PSA	A	0.11%	0.06%	0.06%
	PSX	D	0.12%	0.38%	0.12%
	PWR	C	0.08%	0.06%	0.06%
	PYPL	B	0.16%	0.19%	0.16%
	QCOM	F	0.41%	0.48%	0.41%
	QRVO	D	0.02%	0.05%	0.02%
	REG	A	0.02%	0.02%	0.02%
	REGN	B	0.26%	0.16%	0.16%
	RF	B	0.05%	0.08%	0.05%
	RJF	D	0.05%	0.04%	0.04%
	RL	A	0.01%	0.03%	0.01%
	RMD	A	0.08%	0.04%	0.04%
	ROK	D	0.07%	0.05%	0.05%
	ROP	C	0.12%	0.05%	0.05%
	ROST	B	0.11%	0.08%	0.08%
	RSG	B	0.09%	0.07%	0.07%
	RTX	B	0.34%	0.37%	0.34%
	SBAC	A	0.05%	0.02%	0.02%
	SBUX	B	0.22%	0.26%	0.22%
	SCHW	D	0.2%	0.1%	0.1%
	SHW	B	0.18%	0.09%	0.09%
	SJM	A	0.03%	0.06%	0.03%
	SLB	F	0.13%	0.12%	0.12%
	SNA	D	0.03%	0.04%	0.03%
	SNPS	D	0.17%	0.03%	0.03%
	SO	A	0.2%	0.27%	0.2%
	SOLV	B	0.02%	0.03%	0.02%
	SPG	B	0.11%	0.11%	0.11%
	SPGI	A	0.34%	0.15%	0.15%
	SRE	B	0.11%	0.12%	0.11%
	STE	A	0.05%	0.03%	0.03%
	STLD	D	0.04%	0.09%	0.04%
	STT	B	0.06%	0.1%	0.06%
	STX	D	0.04%	0.1%	0.04%
	STZ	B	0.08%	0.07%	0.07%
	SW	D	0.05%	0.11%	0.05%
	SWK	B	0.03%	0.08%	0.03%
	SWKS	D	0.04%	0.05%	0.04%
	SYF	C	0.04%	0.29%	0.04%
	SYK	A	0.26%	0.12%	0.12%
	SYY	A	0.08%	0.1%	0.08%
	T	A	0.3%	1.25%	0.3%
	TAP	C	0.02%	0.05%	0.02%
	TDG	B	0.16%	0.08%	0.08%
	TDY	B	0.04%	0.02%	0.02%
	TEL	C	0.1%	0.11%	0.1%
	TER	D	0.04%	0.05%	0.04%
	TFC	B	0.13%	0.23%	0.13%
	TFX	A	0.02%	0.02%	0.02%
	TGT	B	0.15%	0.39%	0.15%
	TJX	B	0.28%	0.24%	0.24%
	TMO	A	0.49%	0.29%	0.29%
	TMUS	B	0.21%	0.23%	0.21%
	TPR	B	0.02%	0.04%	0.02%
	TRGP	A	0.07%	0.06%	0.06%
	TRMB	D	0.03%	0.03%	0.03%
	TROW	D	0.05%	0.12%	0.05%
	TRV	A	0.11%	0.28%	0.11%
	TSCO	B	0.06%	0.06%	0.06%
	TSLA	D	1.25%	0.16%	0.16%
	TSN	A	0.04%	0.21%	0.04%
	TT	B	0.17%	0.09%	0.09%
	TTWO	B	0.05%	0.03%	0.03%
	TXN	C	0.41%	0.36%	0.36%
	TXT	D	0.04%	0.06%	0.04%
	UBER	B	0.32%	0.04%	0.04%
	UDR	B	0.03%	0.02%	0.02%
	UHS	B	0.03%	0.11%	0.03%
	ULTA	D	0.04%	0.03%	0.03%
	UNH	A	1.14%	1.24%	1.14%
	UNP	B	0.33%	0.4%	0.33%
	UPS	F	0.2%	0.25%	0.2%
	URI	C	0.1%	0.12%	0.1%
	USB	B	0.15%	0.31%	0.15%
	V	A	0.91%	0.32%	0.32%
	VICI	A	0.07%	0.02%	0.02%
	VLO	D	0.1%	0.4%	0.1%
	VMC	D	0.07%	0.04%	0.04%
	VRSK	C	0.08%	0.04%	0.04%
	VRSN	C	0.03%	0.01%	0.01%
	VRTX	D	0.27%	0.08%	0.08%
	VST	C	0.06%	0.12%	0.06%
	VTR	A	0.05%	0.08%	0.05%
	VTRS	C	0.03%	0.1%	0.03%
	VZ	B	0.37%	1.23%	0.37%
	WAB	B	0.06%	0.06%	0.06%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.14%	0.01%
	WBD	D	0.04%	0.06%	0.04%
	WDC	D	0.04%	0.13%	0.04%
	WEC	A	0.06%	0.08%	0.06%
	WELL	A	0.15%	0.1%	0.1%
	WFC	D	0.43%	1.17%	0.43%
	WM	D	0.16%	0.15%	0.15%
	WMB	B	0.12%	0.15%	0.12%
	WMT	A	0.69%	1.43%	0.69%
	WRB	B	0.04%	0.04%	0.04%
	WST	D	0.05%	0.02%	0.02%
	WTW	A	0.06%	0.07%	0.06%
	WY	C	0.05%	0.09%	0.05%
	XEL	A	0.07%	0.11%	0.07%
	XOM	C	1.11%	1.99%	1.11%
	XYL	D	0.07%	0.04%	0.04%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	D	0.05%	0.05%	0.05%
	ZBRA	C	0.04%	0.04%	0.04%
	ZTS	A	0.18%	0.08%	0.08%

SPLG Overweight 31 Positions Relative to FNDX

	Symbol	Grade	Weight
	CRWD	F	0.13%
	ABNB	F	0.11%
	MPWR	C	0.1%
	FICO	A	0.09%
	RCL	C	0.08%
	CSGP	C	0.07%
	DXCM	F	0.06%
	SMCI	F	0.05%
	VLTO	B	0.05%
	TYL	A	0.05%
	AXON	B	0.05%
	PTC	D	0.04%
	INCY	C	0.03%
	LYV	D	0.03%
	ROL	B	0.03%
	PODD	A	0.03%
	UAL	C	0.03%
	FDS	C	0.03%
	ENPH	D	0.03%
	WYNN	D	0.02%
	NCLH	D	0.02%
	PAYC	D	0.02%
	FRT	A	0.02%
	DAY	C	0.02%
	MKTX	A	0.02%
	MTCH	B	0.02%
	TECH	D	0.02%
	NWS	C	0.01%
	FOX	B	0.01%
	ETSY	F	0.01%
	BIO	A	0.01%

SPLG Underweight 252 Positions Relative to FNDX

	Symbol	Grade	Weight
	LUMN	B	-0.5%
	ALLY	C	-0.13%
	ARW	B	-0.09%
	JLL	B	-0.09%
	RS	D	-0.08%
	X	F	-0.08%
	AVT	C	-0.08%
	THC	B	-0.08%
	R	C	-0.07%
	FNF	B	-0.07%
	KSS	F	-0.07%
	WHR	D	-0.07%
	USFD	B	-0.07%
	OGN	C	-0.07%
	TOL	B	-0.06%
	OMF	D	-0.06%
	LAD	C	-0.06%
	FLEX	C	-0.06%
	OC	D	-0.06%
	LNC	C	-0.06%
	CMA	B	-0.06%
	LEA	F	-0.06%
	VFC	B	-0.06%
	INGR	A	-0.05%
	MUSA	B	-0.05%
	MKL	C	-0.05%
	TDS	B	-0.05%
	AA	F	-0.05%
	SFM	B	-0.05%
	UGI	C	-0.05%
	ORI	B	-0.05%
	EQH	C	-0.05%
	CSL	C	-0.05%
	KD	D	-0.05%
	GPI	B	-0.05%
	DXC	A	-0.05%
	UNM	B	-0.05%
	OVV	F	-0.05%
	LSXMK	C	-0.05%
	DINO	F	-0.05%
	MAN	D	-0.05%
	DKS	C	-0.05%
	WSM	D	-0.05%
	CASY	C	-0.05%
	PFGC	B	-0.05%
	LNG	B	-0.05%
	JEF	B	-0.05%
	ZION	C	-0.05%
	AN	C	-0.05%
	EME	C	-0.05%
	M	F	-0.05%
	BCC	C	-0.04%
	AMG	C	-0.04%
	AYI	C	-0.04%
	BAP	B	-0.04%
	MTH	B	-0.04%
	OSK	D	-0.04%
	BAH	B	-0.04%
	SLM	D	-0.04%
	TMHC	B	-0.04%
	SSNC	B	-0.04%
	WU	C	-0.04%
	CCK	A	-0.04%
	DOX	C	-0.04%
	CNO	B	-0.04%
	KNX	D	-0.04%
	FL	D	-0.04%
	JXN	C	-0.04%
	PVH	F	-0.04%
	EVR	B	-0.04%
	THO	C	-0.04%
	FAF	A	-0.04%
	BERY	B	-0.04%
	RGA	B	-0.04%
	VNO	B	-0.04%
	ACM	B	-0.04%
	ZIM	D	-0.04%
	AFG	A	-0.04%
	ALSN	B	-0.04%
	VOYA	B	-0.03%
	SAIC	B	-0.03%
	SEE	D	-0.03%
	ABG	D	-0.03%
	NSIT	C	-0.03%
	SKX	B	-0.03%
	ABM	C	-0.03%
	SCI	B	-0.03%
	AVTR	B	-0.03%
	ITT	C	-0.03%
	SNV	C	-0.03%
	ALV	D	-0.03%
	MTG	B	-0.03%
	CG	D	-0.03%
	HOG	B	-0.03%
	SON	A	-0.03%
	CW	B	-0.03%
	NWL	A	-0.03%
	CIEN	B	-0.03%
	ILMN	B	-0.03%
	BC	D	-0.03%
	TRU	B	-0.03%
	SNX	D	-0.03%
	SWN	F	-0.03%
	JHG	B	-0.03%
	EWBC	C	-0.03%
	GNTX	D	-0.03%
	AER	C	-0.03%
	AGCO	F	-0.03%
	LPLA	D	-0.03%
	FLR	C	-0.03%
	BPOP	B	-0.03%
	PBF	F	-0.03%
	CHKP	B	-0.03%
	FHN	C	-0.03%
	ARMK	A	-0.03%
	SLG	B	-0.03%
	CMC	D	-0.03%
	LII	C	-0.03%
	OLN	F	-0.03%
	AAP	F	-0.03%
	RRX	D	-0.03%
	MLI	B	-0.03%
	OGE	B	-0.03%
	CRBG	C	-0.03%
	MTZ	C	-0.03%
	APO	D	-0.03%
	FYBR	A	-0.03%
	TPH	B	-0.03%
	CLF	F	-0.03%
	GNW	B	-0.03%
	KBH	B	-0.03%
	HBI	B	-0.03%
	BURL	B	-0.03%
	GT	F	-0.03%
	CCEP	A	-0.03%
	RHI	D	-0.03%
	WCC	D	-0.03%
	NXST	D	-0.03%
	WSO	D	-0.03%
	SANM	D	-0.03%
	CACI	B	-0.03%
	GPK	B	-0.03%
	RPM	A	-0.03%
	CNH	C	-0.03%
	MRVL	D	-0.03%
	UFPI	D	-0.03%
	HUN	D	-0.03%
	LPX	B	-0.03%
	AEO	D	-0.02%
	ADNT	F	-0.02%
	ODP	F	-0.02%
	UNFI	A	-0.02%
	LEG	D	-0.02%
	CNX	B	-0.02%
	GXO	D	-0.02%
	MPW	C	-0.02%
	OI	C	-0.02%
	WLK	D	-0.02%
	XRAY	D	-0.02%
	DAN	F	-0.02%
	CYH	A	-0.02%
	FLO	A	-0.02%
	WERN	D	-0.02%
	CHK	F	-0.02%
	MIDD	D	-0.02%
	PENN	F	-0.02%
	ICLR	D	-0.02%
	FTI	D	-0.02%
	SQ	D	-0.02%
	CRI	C	-0.02%
	TGNA	D	-0.02%
	BECN	D	-0.02%
	LECO	F	-0.02%
	JWN	A	-0.02%
	HUBG	B	-0.02%
	POR	B	-0.02%
	PRGO	C	-0.02%
	MKSI	F	-0.02%
	TKR	D	-0.02%
	CAR	F	-0.02%
	GGG	D	-0.02%
	ASO	C	-0.02%
	CC	F	-0.02%
	UHAL	B	-0.02%
	AL	D	-0.02%
	REZI	D	-0.02%
	NFG	B	-0.02%
	TPX	D	-0.02%
	SM	D	-0.02%
	ACI	D	-0.02%
	WPC	A	-0.02%
	ASGN	D	-0.02%
	TTC	D	-0.02%
	FCNCA	C	-0.02%
	NVT	F	-0.02%
	KBR	C	-0.02%
	GLPI	A	-0.02%
	RUSHA	C	-0.02%
	HRB	B	-0.02%
	MUR	F	-0.02%
	DAR	D	-0.02%
	DCI	C	-0.02%
	AR	F	-0.02%
	NAVI	C	-0.02%
	XRX	D	-0.02%
	ATR	A	-0.02%
	EXP	B	-0.02%
	MDU	D	-0.02%
	STWD	C	-0.02%
	POST	B	-0.02%
	BTU	D	-0.02%
	AXTA	C	-0.02%
	PAG	C	-0.02%
	BJ	D	-0.02%
	CPRI	C	-0.02%
	LAMR	B	-0.02%
	ST	D	-0.02%
	SEIC	D	-0.02%
	THG	A	-0.02%
	EHC	B	-0.02%
	PRI	B	-0.02%
	BRX	A	-0.02%
	QRTEA	F	-0.02%
	G	B	-0.02%
	NOV	F	-0.02%
	LSTR	D	-0.02%
	SUI	A	-0.02%
	PII	D	-0.02%
	PK	D	-0.02%
	ALK	D	-0.01%
	HTZ	F	-0.01%
	CNXC	C	-0.01%
	COHR	C	-0.01%
	MATX	C	-0.01%
	DELL	F	-0.01%
	DBX	D	-0.01%
	ANDE	D	-0.01%
	VSH	F	-0.01%
	MSM	D	-0.01%
	WTRG	D	-0.01%
	ARCH	F	-0.01%
	DK	F	-0.01%
	JAZZ	D	-0.01%
	CHE	C	-0.01%
	VAC	F	-0.01%
	TNL	D	-0.01%
	MMS	C	-0.01%
	MTN	C	-0.01%
	LILAK	D	-0.01%
	SPTN	A	-0.01%
	BLD	D	-0.01%
	BIG	F	-0.0%

SPLG: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies Credit Services Health Care Plans Household & Personal Products Information Technology Services

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

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric Oil & Gas E&P Business Services Specialty Retail Banks - Regional - US Information Technology Services Semiconductors Software - Application Specialty Chemicals Packaged Foods Packaging & Containers Credit Services Diagnostics & Research Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

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