CFA vs. FNDX ETF Comparison

Comparison of Compass EMP US 500 Volatility Weighted Index ETF (CFA) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.77

Average Daily Volume

8,831

Number of Holdings ^*

495

* 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

$25.02

Average Daily Volume

1,215,309

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	CFA	FNDX
30 Days	6.14%	5.03%
60 Days	6.35%	5.34%
90 Days	8.92%	7.56%
12 Months	30.16%	30.46%

427 Overlapping Holdings

	Symbol	Grade	Weight in CFA	Weight in FNDX	Overlap
	A	D	0.16%	0.05%	0.05%
	AAPL	B	0.2%	4.35%	0.2%
	ABBV	D	0.2%	0.49%	0.2%
	ABT	B	0.27%	0.34%	0.27%
	ACGL	D	0.2%	0.03%	0.03%
	ACM	A	0.23%	0.05%	0.05%
	ACN	B	0.2%	0.36%	0.2%
	ADBE	C	0.11%	0.2%	0.11%
	ADI	D	0.13%	0.13%	0.13%
	ADM	F	0.11%	0.21%	0.11%
	ADP	B	0.35%	0.15%	0.15%
	ADSK	B	0.2%	0.03%	0.03%
	AEE	A	0.26%	0.07%	0.07%
	AEP	D	0.23%	0.16%	0.16%
	AES	F	0.1%	0.05%	0.05%
	AFG	A	0.26%	0.05%	0.05%
	AFL	B	0.23%	0.21%	0.21%
	AIG	B	0.23%	0.28%	0.23%
	AJG	A	0.25%	0.05%	0.05%
	AKAM	F	0.15%	0.03%	0.03%
	ALGN	D	0.12%	0.02%	0.02%
	ALL	B	0.24%	0.27%	0.24%
	ALLE	D	0.21%	0.01%	0.01%
	ALLY	C	0.12%	0.1%	0.1%
	AMAT	F	0.1%	0.24%	0.1%
	AMD	F	0.09%	0.09%	0.09%
	AME	A	0.25%	0.05%	0.05%
	AMGN	D	0.15%	0.39%	0.15%
	AMP	B	0.32%	0.15%	0.15%
	AMZN	C	0.2%	1.56%	0.2%
	ANET	C	0.12%	0.04%	0.04%
	AON	A	0.23%	0.13%	0.13%
	AOS	D	0.17%	0.02%	0.02%
	APD	A	0.19%	0.13%	0.13%
	APH	B	0.2%	0.09%	0.09%
	APO	A	0.22%	0.03%	0.03%
	APTV	F	0.09%	0.02%	0.02%
	ATO	A	0.35%	0.04%	0.04%
	AVGO	D	0.1%	0.61%	0.1%
	AVTR	F	0.11%	0.02%	0.02%
	AVY	D	0.25%	0.04%	0.04%
	AWK	D	0.22%	0.04%	0.04%
	AXP	A	0.23%	0.36%	0.23%
	AZO	C	0.22%	0.06%	0.06%
	BAC	A	0.24%	1.3%	0.24%
	BAH	F	0.15%	0.03%	0.03%
	BBY	D	0.12%	0.16%	0.12%
	BDX	F	0.24%	0.11%	0.11%
	BG	F	0.17%	0.1%	0.1%
	BIIB	F	0.13%	0.09%	0.09%
	BK	A	0.31%	0.26%	0.26%
	BKNG	B	0.22%	0.24%	0.22%
	BKR	C	0.23%	0.16%	0.16%
	BLD	C	0.1%	0.01%	0.01%
	BLDR	C	0.1%	0.06%	0.06%
	BLK	C	0.29%	0.28%	0.28%
	BR	A	0.26%	0.03%	0.03%
	BRK.A	B	0.35%	2.17%	0.35%
	BRO	B	0.26%	0.02%	0.02%
	BSX	C	0.3%	0.09%	0.09%
	BURL	B	0.13%	0.03%	0.03%
	BX	B	0.2%	0.13%	0.13%
	C	A	0.21%	1.1%	0.21%
	CAG	D	0.19%	0.06%	0.06%
	CAH	B	0.23%	0.07%	0.07%
	CARR	C	0.16%	0.12%	0.12%
	CASY	B	0.18%	0.05%	0.05%
	CAT	B	0.2%	0.41%	0.2%
	CB	D	0.28%	0.26%	0.26%
	CBOE	B	0.23%	0.01%	0.01%
	CBRE	B	0.19%	0.13%	0.13%
	CDNS	B	0.16%	0.03%	0.03%
	CDW	F	0.15%	0.04%	0.04%
	CE	F	0.1%	0.03%	0.03%
	CEG	D	0.12%	0.1%	0.1%
	CF	B	0.18%	0.07%	0.07%
	CFG	B	0.17%	0.1%	0.1%
	CHD	B	0.32%	0.04%	0.04%
	CHRW	C	0.15%	0.08%	0.08%
	CHTR	C	0.13%	0.35%	0.13%
	CI	D	0.22%	0.48%	0.22%
	CINF	A	0.25%	0.07%	0.07%
	CL	D	0.29%	0.13%	0.13%
	CLX	C	0.23%	0.04%	0.04%
	CMCSA	C	0.24%	0.83%	0.24%
	CME	A	0.28%	0.08%	0.08%
	CMG	B	0.17%	0.04%	0.04%
	CMI	A	0.23%	0.19%	0.19%
	CMS	C	0.27%	0.06%	0.06%
	CNC	F	0.14%	0.19%	0.14%
	CNP	A	0.25%	0.06%	0.06%
	COF	B	0.23%	0.48%	0.23%
	COP	D	0.24%	0.48%	0.24%
	COR	C	0.28%	0.02%	0.02%
	COST	B	0.24%	0.66%	0.24%
	CPAY	A	0.21%	0.06%	0.06%
	CPB	D	0.2%	0.03%	0.03%
	CPRT	A	0.27%	0.03%	0.03%
	CRBG	B	0.17%	0.04%	0.04%
	CRM	B	0.17%	0.15%	0.15%
	CSCO	A	0.29%	0.82%	0.29%
	CSL	B	0.19%	0.05%	0.05%
	CSX	B	0.28%	0.22%	0.22%
	CTAS	B	0.26%	0.08%	0.08%
	CTRA	B	0.23%	0.03%	0.03%
	CTSH	B	0.23%	0.19%	0.19%
	CTVA	B	0.15%	0.09%	0.09%
	CVS	D	0.14%	0.68%	0.14%
	CVX	B	0.27%	1.25%	0.27%
	CW	B	0.26%	0.03%	0.03%
	D	C	0.21%	0.17%	0.17%
	DAL	B	0.22%	0.03%	0.03%
	DD	D	0.17%	0.17%	0.17%
	DE	B	0.21%	0.23%	0.21%
	DECK	A	0.13%	0.03%	0.03%
	DELL	C	0.09%	0.03%	0.03%
	DG	F	0.09%	0.08%	0.08%
	DGX	B	0.24%	0.07%	0.07%
	DHI	D	0.12%	0.16%	0.12%
	DHR	D	0.18%	0.15%	0.15%
	DIS	B	0.22%	0.45%	0.22%
	DKS	C	0.1%	0.04%	0.04%
	DOV	A	0.25%	0.06%	0.06%
	DOW	F	0.2%	0.18%	0.18%
	DPZ	C	0.17%	0.03%	0.03%
	DRI	B	0.23%	0.05%	0.05%
	DTE	C	0.24%	0.07%	0.07%
	DUK	C	0.3%	0.3%	0.3%
	DVA	B	0.18%	0.06%	0.06%
	DVN	F	0.17%	0.09%	0.09%
	EA	C	0.29%	0.09%	0.09%
	EBAY	C	0.2%	0.17%	0.17%
	ECL	D	0.23%	0.08%	0.08%
	ED	D	0.26%	0.12%	0.12%
	EFX	D	0.13%	0.03%	0.03%
	EG	C	0.19%	0.02%	0.02%
	EIX	A	0.24%	0.1%	0.1%
	EL	F	0.09%	0.03%	0.03%
	ELV	F	0.17%	0.36%	0.17%
	EME	B	0.2%	0.06%	0.06%
	EMN	D	0.22%	0.08%	0.08%
	EMR	A	0.23%	0.17%	0.17%
	EOG	C	0.23%	0.23%	0.23%
	EPAM	C	0.12%	0.02%	0.02%
	EQH	B	0.23%	0.05%	0.05%
	EQT	B	0.2%	0.04%	0.04%
	ETN	A	0.19%	0.23%	0.19%
	ETR	B	0.32%	0.12%	0.12%
	EVRG	A	0.29%	0.07%	0.07%
	EW	C	0.1%	0.04%	0.04%
	EWBC	B	0.21%	0.03%	0.03%
	EXC	D	0.22%	0.17%	0.17%
	EXPD	C	0.22%	0.04%	0.04%
	EXPE	B	0.15%	0.04%	0.04%
	F	C	0.12%	0.33%	0.12%
	FANG	F	0.17%	0.05%	0.05%
	FAST	B	0.26%	0.07%	0.07%
	FCNCA	B	0.17%	0.02%	0.02%
	FCX	F	0.13%	0.14%	0.13%
	FDX	B	0.15%	0.32%	0.15%
	FE	D	0.27%	0.09%	0.09%
	FFIV	A	0.21%	0.03%	0.03%
	FI	A	0.34%	0.13%	0.13%
	FIS	D	0.22%	0.12%	0.12%
	FITB	B	0.19%	0.13%	0.13%
	FNF	B	0.2%	0.06%	0.06%
	FOXA	C	0.25%	0.1%	0.1%
	FSLR	F	0.08%	0.01%	0.01%
	FTNT	C	0.14%	0.03%	0.03%
	FTV	B	0.21%	0.03%	0.03%
	GD	F	0.29%	0.21%	0.21%
	GDDY	B	0.24%	0.03%	0.03%
	GE	D	0.17%	0.15%	0.15%
	GEHC	F	0.15%	0.09%	0.09%
	GEN	A	0.17%	0.04%	0.04%
	GEV	C	0.15%	0.04%	0.04%
	GGG	B	0.27%	0.02%	0.02%
	GILD	B	0.21%	0.37%	0.21%
	GIS	D	0.21%	0.11%	0.11%
	GLW	B	0.19%	0.14%	0.14%
	GM	B	0.19%	0.79%	0.19%
	GOOGL	C	0.19%	1.33%	0.19%
	GPC	D	0.17%	0.05%	0.05%
	GPN	C	0.17%	0.09%	0.09%
	GRMN	A	0.21%	0.03%	0.03%
	GS	B	0.24%	0.62%	0.24%
	GWW	A	0.27%	0.08%	0.08%
	HAL	C	0.18%	0.06%	0.06%
	HBAN	B	0.21%	0.08%	0.08%
	HCA	F	0.17%	0.2%	0.17%
	HD	A	0.25%	0.8%	0.25%
	HIG	B	0.25%	0.14%	0.14%
	HII	F	0.15%	0.03%	0.03%
	HLT	A	0.29%	0.06%	0.06%
	HOLX	D	0.29%	0.04%	0.04%
	HON	B	0.33%	0.37%	0.33%
	HPE	B	0.15%	0.21%	0.15%
	HPQ	B	0.15%	0.21%	0.15%
	HRL	D	0.15%	0.03%	0.03%
	HSY	F	0.19%	0.04%	0.04%
	HUBB	B	0.18%	0.03%	0.03%
	HUM	C	0.1%	0.19%	0.1%
	HWM	B	0.16%	0.07%	0.07%
	IBM	C	0.21%	0.54%	0.21%
	ICE	D	0.3%	0.11%	0.11%
	IDXX	F	0.16%	0.02%	0.02%
	IEX	B	0.27%	0.03%	0.03%
	INTC	C	0.1%	0.89%	0.1%
	INTU	C	0.18%	0.11%	0.11%
	IP	B	0.19%	0.17%	0.17%
	IPG	C	0.19%	0.04%	0.04%
	IQV	F	0.12%	0.07%	0.07%
	IR	A	0.2%	0.03%	0.03%
	ISRG	C	0.19%	0.09%	0.09%
	IT	C	0.21%	0.03%	0.03%
	ITT	A	0.2%	0.03%	0.03%
	ITW	A	0.33%	0.15%	0.15%
	J	F	0.23%	0.05%	0.05%
	JBHT	C	0.18%	0.05%	0.05%
	JBL	C	0.13%	0.06%	0.06%
	JCI	C	0.21%	0.16%	0.16%
	JEF	A	0.24%	0.06%	0.06%
	JKHY	D	0.25%	0.02%	0.02%
	JLL	B	0.15%	0.08%	0.08%
	JNJ	D	0.28%	0.89%	0.28%
	JPM	B	0.26%	2.03%	0.26%
	KDP	D	0.24%	0.07%	0.07%
	KEY	A	0.16%	0.1%	0.1%
	KEYS	B	0.14%	0.04%	0.04%
	KHC	D	0.2%	0.09%	0.09%
	KKR	B	0.18%	0.12%	0.12%
	KLAC	F	0.09%	0.08%	0.08%
	KMB	C	0.23%	0.1%	0.1%
	KMI	B	0.37%	0.23%	0.23%
	KMX	B	0.12%	0.06%	0.06%
	KO	D	0.33%	0.35%	0.33%
	KR	A	0.24%	0.3%	0.24%
	KVUE	A	0.18%	0.05%	0.05%
	L	B	0.33%	0.05%	0.05%
	LDOS	D	0.26%	0.07%	0.07%
	LEN	C	0.14%	0.16%	0.14%
	LH	B	0.22%	0.09%	0.09%
	LHX	C	0.28%	0.16%	0.16%
	LII	A	0.18%	0.03%	0.03%
	LIN	D	0.3%	0.33%	0.3%
	LLY	F	0.12%	0.2%	0.12%
	LMT	D	0.3%	0.37%	0.3%
	LNG	B	0.3%	0.06%	0.06%
	LNT	A	0.27%	0.04%	0.04%
	LOW	C	0.22%	0.43%	0.22%
	LPLA	B	0.21%	0.04%	0.04%
	LRCX	F	0.1%	0.15%	0.1%
	LUV	B	0.13%	0.02%	0.02%
	LVS	C	0.21%	0.04%	0.04%
	LYB	F	0.22%	0.14%	0.14%
	MA	B	0.32%	0.29%	0.29%
	MAR	A	0.27%	0.09%	0.09%
	MAS	C	0.17%	0.05%	0.05%
	MCD	D	0.26%	0.34%	0.26%
	MCHP	F	0.1%	0.05%	0.05%
	MCK	C	0.24%	0.11%	0.11%
	MCO	A	0.23%	0.07%	0.07%
	MDLZ	F	0.24%	0.2%	0.2%
	MDT	D	0.25%	0.16%	0.16%
	MET	A	0.26%	0.26%	0.26%
	META	D	0.13%	1.79%	0.13%
	MGM	F	0.14%	0.06%	0.06%
	MKC	D	0.18%	0.03%	0.03%
	MKL	A	0.25%	0.05%	0.05%
	MLM	B	0.22%	0.04%	0.04%
	MMC	A	0.3%	0.14%	0.14%
	MMM	D	0.12%	0.35%	0.12%
	MNST	B	0.23%	0.05%	0.05%
	MO	A	0.27%	0.37%	0.27%
	MOH	F	0.13%	0.05%	0.05%
	MPC	F	0.15%	0.4%	0.15%
	MRK	F	0.18%	0.42%	0.18%
	MS	B	0.26%	0.46%	0.26%
	MSCI	C	0.16%	0.03%	0.03%
	MSFT	D	0.24%	2.43%	0.24%
	MSI	C	0.31%	0.07%	0.07%
	MTB	B	0.22%	0.11%	0.11%
	MTD	F	0.11%	0.03%	0.03%
	NDAQ	A	0.26%	0.03%	0.03%
	NDSN	B	0.21%	0.02%	0.02%
	NEE	D	0.17%	0.24%	0.17%
	NFLX	B	0.19%	0.17%	0.17%
	NI	A	0.32%	0.05%	0.05%
	NKE	F	0.12%	0.19%	0.12%
	NOC	D	0.23%	0.2%	0.2%
	NOW	B	0.15%	0.01%	0.01%
	NRG	C	0.15%	0.1%	0.1%
	NSC	A	0.18%	0.21%	0.18%
	NTAP	C	0.14%	0.07%	0.07%
	NTRS	A	0.24%	0.08%	0.08%
	NUE	D	0.17%	0.19%	0.17%
	NVDA	C	0.1%	0.4%	0.1%
	NVR	D	0.19%	0.08%	0.08%
	NWSA	B	0.22%	0.04%	0.04%
	NXPI	D	0.11%	0.05%	0.05%
	OC	B	0.18%	0.07%	0.07%
	ODFL	B	0.17%	0.06%	0.06%
	OKE	C	0.32%	0.14%	0.14%
	OMC	C	0.22%	0.08%	0.08%
	ON	C	0.08%	0.04%	0.04%
	ORCL	C	0.2%	0.5%	0.2%
	ORLY	B	0.26%	0.11%	0.11%
	OTIS	C	0.28%	0.05%	0.05%
	OVV	C	0.18%	0.06%	0.06%
	OXY	F	0.2%	0.11%	0.11%
	PAG	B	0.17%	0.02%	0.02%
	PANW	C	0.11%	0.03%	0.03%
	PAYX	B	0.27%	0.06%	0.06%
	PCAR	B	0.22%	0.15%	0.15%
	PCG	B	0.27%	0.03%	0.03%
	PEG	A	0.3%	0.11%	0.11%
	PEP	F	0.25%	0.41%	0.25%
	PFG	C	0.26%	0.09%	0.09%
	PFGC	A	0.21%	0.06%	0.06%
	PG	A	0.31%	0.77%	0.31%
	PGR	A	0.23%	0.23%	0.23%
	PH	A	0.2%	0.13%	0.13%
	PHM	C	0.15%	0.11%	0.11%
	PKG	B	0.29%	0.07%	0.07%
	PM	B	0.31%	0.48%	0.31%
	PNC	A	0.21%	0.3%	0.21%
	POOL	C	0.15%	0.02%	0.02%
	PPG	D	0.26%	0.08%	0.08%
	PPL	B	0.31%	0.11%	0.11%
	PRU	A	0.22%	0.22%	0.22%
	PSX	C	0.18%	0.36%	0.18%
	PWR	A	0.17%	0.07%	0.07%
	PYPL	A	0.16%	0.22%	0.16%
	QCOM	F	0.11%	0.43%	0.11%
	REGN	F	0.18%	0.1%	0.1%
	RF	B	0.2%	0.09%	0.09%
	RGA	A	0.22%	0.04%	0.04%
	RJF	A	0.3%	0.05%	0.05%
	RMD	C	0.11%	0.03%	0.03%
	ROK	B	0.14%	0.06%	0.06%
	ROP	B	0.26%	0.05%	0.05%
	ROST	C	0.22%	0.07%	0.07%
	RPM	A	0.26%	0.04%	0.04%
	RS	B	0.19%	0.09%	0.09%
	RSG	A	0.34%	0.06%	0.06%
	RTX	D	0.26%	0.34%	0.26%
	RVTY	D	0.14%	0.03%	0.03%
	SBUX	B	0.12%	0.28%	0.12%
	SCHW	A	0.22%	0.13%	0.13%
	SCI	A	0.25%	0.03%	0.03%
	SHW	A	0.23%	0.08%	0.08%
	SJM	D	0.2%	0.05%	0.05%
	SLB	C	0.18%	0.12%	0.12%
	SNA	A	0.26%	0.06%	0.06%
	SNPS	B	0.14%	0.03%	0.03%
	SO	D	0.28%	0.26%	0.26%
	SOLV	C	0.13%	0.02%	0.02%
	SPGI	C	0.29%	0.15%	0.15%
	SQ	B	0.13%	0.03%	0.03%
	SRE	A	0.3%	0.13%	0.13%
	SSNC	A	0.25%	0.04%	0.04%
	STE	F	0.2%	0.03%	0.03%
	STLD	B	0.2%	0.11%	0.11%
	STT	A	0.24%	0.1%	0.1%
	STX	D	0.15%	0.09%	0.09%
	STZ	D	0.24%	0.07%	0.07%
	SWKS	F	0.1%	0.04%	0.04%
	SYF	A	0.2%	0.34%	0.2%
	SYK	C	0.26%	0.13%	0.13%
	SYY	C	0.23%	0.1%	0.1%
	T	A	0.28%	1.27%	0.28%
	TAP	C	0.23%	0.05%	0.05%
	TDG	D	0.2%	0.06%	0.06%
	TDY	B	0.22%	0.03%	0.03%
	TER	F	0.08%	0.04%	0.04%
	TFX	F	0.14%	0.02%	0.02%
	TGT	F	0.15%	0.38%	0.15%
	THC	D	0.13%	0.07%	0.07%
	TJX	A	0.27%	0.22%	0.22%
	TMO	F	0.19%	0.25%	0.19%
	TMUS	A	0.42%	0.25%	0.25%
	TOL	A	0.13%	0.06%	0.06%
	TRGP	B	0.32%	0.07%	0.07%
	TRMB	B	0.23%	0.03%	0.03%
	TROW	A	0.22%	0.13%	0.13%
	TRV	B	0.25%	0.31%	0.25%
	TSCO	C	0.2%	0.06%	0.06%
	TSLA	B	0.13%	0.28%	0.13%
	TT	B	0.23%	0.06%	0.06%
	TXN	D	0.17%	0.34%	0.17%
	TXT	D	0.19%	0.06%	0.06%
	UBER	D	0.12%	0.04%	0.04%
	UHAL	D	0.14%	0.02%	0.02%
	UHS	D	0.15%	0.08%	0.08%
	ULTA	F	0.14%	0.03%	0.03%
	UNH	B	0.19%	1.22%	0.19%
	UNP	C	0.25%	0.35%	0.25%
	UPS	C	0.18%	0.28%	0.18%
	URI	B	0.14%	0.13%	0.13%
	USB	A	0.19%	0.32%	0.19%
	USFD	A	0.22%	0.08%	0.08%
	V	A	0.35%	0.36%	0.35%
	VLO	C	0.16%	0.39%	0.16%
	VMC	B	0.23%	0.05%	0.05%
	VRSK	A	0.24%	0.04%	0.04%
	VRSN	F	0.25%	0.01%	0.01%
	VST	B	0.16%	0.16%	0.16%
	VZ	B	0.23%	1.13%	0.23%
	WAB	B	0.26%	0.06%	0.06%
	WAT	B	0.16%	0.04%	0.04%
	WEC	A	0.26%	0.08%	0.08%
	WFC	A	0.24%	1.35%	0.24%
	WLK	D	0.15%	0.02%	0.02%
	WM	A	0.27%	0.15%	0.15%
	WMB	B	0.33%	0.17%	0.17%
	WMT	B	0.29%	1.47%	0.29%
	WRB	A	0.22%	0.03%	0.03%
	WSM	B	0.1%	0.04%	0.04%
	WSO	A	0.19%	0.03%	0.03%
	WST	C	0.13%	0.02%	0.02%
	XEL	A	0.23%	0.12%	0.12%
	XOM	C	0.26%	1.99%	0.26%
	XYL	D	0.21%	0.03%	0.03%
	YUM	B	0.29%	0.08%	0.08%
	ZBH	C	0.24%	0.05%	0.05%
	ZBRA	A	0.15%	0.04%	0.04%
	ZTS	D	0.17%	0.07%	0.07%

CFA Overweight 68 Positions Relative to FNDX

	Symbol	Grade	Weight
	IBKR	B	0.28%
	FDS	B	0.25%
	APP	B	0.25%
	HEI	B	0.24%
	PTC	A	0.24%
	TW	B	0.24%
	LYV	A	0.23%
	TXRH	A	0.23%
	MORN	A	0.23%
	AXON	B	0.22%
	INCY	C	0.22%
	RNR	C	0.22%
	UAL	B	0.22%
	ROL	B	0.22%
	FICO	B	0.2%
	TYL	A	0.2%
	OWL	B	0.2%
	VLTO	C	0.2%
	ARES	B	0.2%
	TPL	B	0.19%
	WMG	C	0.19%
	RCL	B	0.19%
	CLH	B	0.19%
	RYAN	A	0.18%
	H	A	0.18%
	TTEK	F	0.17%
	DOCU	A	0.17%
	ZM	B	0.17%
	PR	C	0.17%
	UTHR	C	0.16%
	ABNB	C	0.16%
	VEEV	B	0.16%
	CSGP	C	0.16%
	PODD	B	0.15%
	PLTR	B	0.15%
	MANH	C	0.15%
	ERIE	D	0.15%
	DT	C	0.15%
	FIX	A	0.14%
	CPNG	D	0.14%
	DDOG	A	0.14%
	BSY	D	0.14%
	XPO	B	0.14%
	WDAY	C	0.14%
	HOOD	B	0.14%
	VRT	B	0.13%
	TTD	B	0.12%
	BMRN	F	0.12%
	CRWD	B	0.12%
	NBIX	C	0.12%
	COKE	C	0.12%
	COIN	B	0.11%
	WMS	F	0.11%
	FND	C	0.11%
	WING	F	0.11%
	TECH	C	0.11%
	ENTG	D	0.1%
	KNSL	B	0.1%
	PINS	F	0.1%
	CVNA	B	0.09%
	PSTG	D	0.09%
	CHWY	C	0.08%
	DXCM	C	0.08%
	SRPT	F	0.07%
	MPWR	F	0.06%
	RKT	F	0.06%
	ENPH	F	0.04%
	SMCI	D	0.02%

CFA Underweight 294 Positions Relative to FNDX

	Symbol	Grade	Weight
	GOOG	C	-1.14%
	PFE	D	-0.68%
	LUMN	C	-0.65%
	BMY	B	-0.45%
	MU	D	-0.38%
	DFS	B	-0.26%
	TFC	B	-0.23%
	TSN	B	-0.2%
	WBA	D	-0.17%
	NEM	F	-0.13%
	WDC	C	-0.12%
	PARA	C	-0.11%
	BA	D	-0.11%
	AMT	D	-0.11%
	VTRS	B	-0.1%
	WELL	C	-0.1%
	SPG	C	-0.1%
	MRO	B	-0.09%
	SW	B	-0.09%
	WY	D	-0.09%
	CCI	D	-0.09%
	ARW	D	-0.08%
	VTR	D	-0.08%
	WHR	B	-0.08%
	ES	D	-0.08%
	WKC	D	-0.08%
	DLR	A	-0.08%
	EQIX	A	-0.08%
	WBD	C	-0.08%
	K	A	-0.07%
	BAX	F	-0.07%
	VFC	C	-0.07%
	SWK	D	-0.07%
	CMA	A	-0.07%
	WTW	B	-0.07%
	R	B	-0.07%
	PLD	D	-0.07%
	X	C	-0.07%
	LAD	B	-0.07%
	AVT	C	-0.07%
	VRTX	D	-0.07%
	HES	C	-0.06%
	M	D	-0.06%
	BALL	D	-0.06%
	UNM	A	-0.06%
	AA	A	-0.06%
	ZION	B	-0.06%
	OMF	A	-0.06%
	MHK	D	-0.06%
	CCL	B	-0.06%
	FLEX	B	-0.06%
	IRM	C	-0.06%
	KSS	F	-0.06%
	MOS	F	-0.06%
	VNO	B	-0.05%
	INGR	B	-0.05%
	ORI	A	-0.05%
	DLTR	D	-0.05%
	IVZ	B	-0.05%
	IFF	D	-0.05%
	JNPR	F	-0.05%
	AN	B	-0.05%
	BXP	D	-0.05%
	KD	B	-0.05%
	AVB	B	-0.05%
	DXC	B	-0.05%
	ALSN	B	-0.05%
	LEA	F	-0.05%
	TDS	B	-0.05%
	EQR	B	-0.05%
	GPI	B	-0.05%
	DINO	F	-0.05%
	BWA	C	-0.05%
	TPR	A	-0.05%
	SFM	B	-0.05%
	LKQ	D	-0.05%
	BFH	B	-0.05%
	PSA	C	-0.05%
	LNC	B	-0.05%
	O	D	-0.04%
	FBIN	D	-0.04%
	LPX	B	-0.04%
	BCC	B	-0.04%
	GAP	C	-0.04%
	OSK	B	-0.04%
	AMG	B	-0.04%
	ZIM	C	-0.04%
	UFPI	B	-0.04%
	PNR	B	-0.04%
	FYBR	D	-0.04%
	CNO	A	-0.04%
	HST	C	-0.04%
	DOX	D	-0.04%
	SLM	B	-0.04%
	TMHC	A	-0.04%
	CCK	D	-0.04%
	GT	C	-0.04%
	RHI	C	-0.04%
	HSIC	B	-0.04%
	FAF	B	-0.04%
	MUSA	B	-0.04%
	BERY	B	-0.04%
	PVH	C	-0.04%
	PNW	B	-0.04%
	BEN	C	-0.04%
	AYI	B	-0.04%
	WCC	B	-0.04%
	THO	B	-0.04%
	KNX	B	-0.04%
	EVR	B	-0.04%
	OGN	F	-0.04%
	JXN	B	-0.04%
	MAN	D	-0.04%
	MRVL	B	-0.04%
	UGI	A	-0.04%
	EXP	B	-0.03%
	SEE	C	-0.03%
	THG	C	-0.03%
	LSTR	B	-0.03%
	PRI	A	-0.03%
	INVH	D	-0.03%
	AR	B	-0.03%
	FMC	D	-0.03%
	ACI	C	-0.03%
	MRNA	F	-0.03%
	GNTX	C	-0.03%
	AAP	C	-0.03%
	TRU	D	-0.03%
	BTU	C	-0.03%
	BBWI	C	-0.03%
	KBH	C	-0.03%
	ILMN	C	-0.03%
	TPH	C	-0.03%
	G	B	-0.03%
	FLR	B	-0.03%
	SNX	C	-0.03%
	BC	C	-0.03%
	ABG	B	-0.03%
	SNV	B	-0.03%
	ARE	D	-0.03%
	ALB	C	-0.03%
	SEIC	A	-0.03%
	KIM	A	-0.03%
	VOYA	B	-0.03%
	TTWO	B	-0.03%
	QRVO	F	-0.03%
	AMCR	D	-0.03%
	ARMK	A	-0.03%
	AIZ	B	-0.03%
	CAR	C	-0.03%
	OGE	A	-0.03%
	GPK	C	-0.03%
	HAS	D	-0.03%
	EXR	C	-0.03%
	FL	D	-0.03%
	RRX	A	-0.03%
	RL	B	-0.03%
	AGCO	D	-0.03%
	CACI	D	-0.03%
	APA	F	-0.03%
	ESS	B	-0.03%
	MTH	C	-0.03%
	JHG	A	-0.03%
	CLF	F	-0.03%
	WU	D	-0.03%
	CIEN	B	-0.03%
	GNW	A	-0.03%
	NXST	C	-0.03%
	MAA	B	-0.03%
	CG	B	-0.03%
	HUN	F	-0.03%
	FHN	B	-0.03%
	CMC	B	-0.03%
	DOC	C	-0.03%
	OLN	F	-0.03%
	PBF	D	-0.03%
	MTZ	B	-0.03%
	SANM	B	-0.03%
	NWL	A	-0.03%
	HBI	B	-0.03%
	GL	C	-0.03%
	MLI	C	-0.03%
	MDU	F	-0.02%
	MTN	C	-0.02%
	ODP	F	-0.02%
	COHR	C	-0.02%
	ALV	C	-0.02%
	ALK	A	-0.02%
	ADNT	F	-0.02%
	FLO	C	-0.02%
	MPW	F	-0.02%
	MATX	C	-0.02%
	LEG	D	-0.02%
	BPOP	B	-0.02%
	CHKP	D	-0.02%
	ARCH	B	-0.02%
	TKR	D	-0.02%
	MIDD	B	-0.02%
	AER	A	-0.02%
	NSIT	F	-0.02%
	KBR	F	-0.02%
	POR	C	-0.02%
	MKSI	C	-0.02%
	VAC	B	-0.02%
	TTC	D	-0.02%
	XRX	F	-0.02%
	WPC	D	-0.02%
	ASO	F	-0.02%
	GLPI	B	-0.02%
	WERN	B	-0.02%
	LW	C	-0.02%
	OI	C	-0.02%
	POST	B	-0.02%
	NFG	B	-0.02%
	ANSS	B	-0.02%
	ASGN	D	-0.02%
	SBAC	D	-0.02%
	NAVI	C	-0.02%
	SM	C	-0.02%
	CZR	D	-0.02%
	CCEP	B	-0.02%
	LECO	C	-0.02%
	ST	F	-0.02%
	AL	A	-0.02%
	MUR	F	-0.02%
	TPX	A	-0.02%
	PII	F	-0.02%
	STWD	C	-0.02%
	HUBG	A	-0.02%
	SLG	B	-0.02%
	GXO	B	-0.02%
	CTLT	B	-0.02%
	PENN	C	-0.02%
	CPT	B	-0.02%
	HOG	F	-0.02%
	NOV	C	-0.02%
	DCI	A	-0.02%
	NVT	B	-0.02%
	BECN	B	-0.02%
	SKX	D	-0.02%
	CC	C	-0.02%
	CNH	A	-0.02%
	SUI	D	-0.02%
	LAMR	C	-0.02%
	REG	B	-0.02%
	PK	B	-0.02%
	BRX	A	-0.02%
	UDR	B	-0.02%
	VICI	C	-0.02%
	MTG	B	-0.02%
	ABM	B	-0.02%
	DAR	C	-0.02%
	ATR	B	-0.02%
	BJ	B	-0.02%
	EHC	B	-0.02%
	RUSHA	B	-0.02%
	SAIC	F	-0.02%
	REZI	B	-0.02%
	GNRC	B	-0.02%
	TGNA	B	-0.02%
	BAP	C	-0.02%
	SON	D	-0.02%
	AXTA	A	-0.02%
	VSH	F	-0.01%
	ANDE	D	-0.01%
	LILAK	F	-0.01%
	CNXC	F	-0.01%
	CRL	C	-0.01%
	DBX	C	-0.01%
	ICLR	F	-0.01%
	WTRG	B	-0.01%
	MSM	C	-0.01%
	SPTN	F	-0.01%
	CHE	D	-0.01%
	MMS	F	-0.01%
	AEO	F	-0.01%
	CYH	F	-0.01%
	JAZZ	B	-0.01%
	TNL	A	-0.01%
	PRGO	C	-0.01%
	QRTEA	F	-0.01%
	AAL	B	-0.01%
	FTI	A	-0.01%
	JWN	A	-0.01%
	HRB	D	-0.01%
	XRAY	F	-0.01%
	DK	C	-0.01%
	HTZ	C	-0.01%
	DAN	F	-0.01%
	LULU	C	-0.01%
	UNFI	A	-0.01%
	CRI	F	-0.01%
	CNX	B	-0.01%
	CPRI	F	-0.01%

CFA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Aerospace & Defense Banks - Regional - US Oil & Gas E&P Medical Devices Restaurants Software - Infrastructure Specialty Chemicals Biotechnology Drug Manufacturers - Major Engineering & Construction

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

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