FNDX vs. BND ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Total Bond Market ETF (BND)

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

$24.45

Average Daily Volume

1,062,585

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.32

Average Daily Volume

5,894,646

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	BND
30 Days	-0.08%	-1.23%
60 Days	5.17%	-2.13%
90 Days	9.23%	-0.03%
12 Months	29.15%	8.87%

427 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in BND	Overlap
A	C	0.06%	0.01%	0.01%
AAL	C	0.01%	0.01%	0.01%
AAP	F	0.03%	0.01%	0.01%
AAPL	C	4.47%	0.01%	0.01%
ABBV	B	0.55%	0.01%	0.01%
ABT	B	0.35%	0.01%	0.01%
ACGL	F	0.03%	0.01%	0.01%
ADBE	D	0.18%	0.01%	0.01%
ADI	C	0.14%	0.01%	0.01%
ADM	F	0.23%	0.01%	0.01%
ADP	A	0.15%	0.01%	0.01%
ADSK	A	0.03%	0.01%	0.01%
AEE	A	0.07%	0.01%	0.01%
AEP	D	0.17%	0.01%	0.01%
AER	B	0.02%	0.01%	0.01%
AES	F	0.06%	0.01%	0.01%
AFG	F	0.05%	0.01%	0.01%
AFL	D	0.22%	0.01%	0.01%
AIG	B	0.29%	0.01%	0.01%
AIZ	C	0.03%	0.01%	0.01%
AJG	D	0.05%	0.01%	0.01%
AL	C	0.02%	0.01%	0.01%
ALB	C	0.03%	0.01%	0.01%
ALL	D	0.27%	0.01%	0.01%
ALLE	D	0.01%	0.01%	0.01%
ALLY	D	0.1%	0.01%	0.01%
AMAT	F	0.24%	0.01%	0.01%
AMCR	D	0.03%	0.01%	0.01%
AMG	C	0.04%	0.01%	0.01%
AMGN	D	0.43%	0.01%	0.01%
AMP	A	0.14%	0.01%	0.01%
AMT	D	0.13%	0.01%	0.01%
AMZN	A	1.4%	0.01%	0.01%
AN	D	0.05%	0.01%	0.01%
AON	B	0.12%	0.01%	0.01%
APD	B	0.13%	0.01%	0.01%
APH	A	0.08%	0.01%	0.01%
APO	A	0.03%	0.01%	0.01%
APTV	F	0.03%	0.01%	0.01%
ARE	D	0.03%	0.01%	0.01%
ARW	F	0.09%	0.01%	0.01%
ATO	B	0.04%	0.01%	0.01%
AVB	B	0.05%	0.01%	0.01%
AVGO	B	0.66%	0.01%	0.01%
AVT	B	0.08%	0.01%	0.01%
AVY	D	0.04%	0.01%	0.01%
AWK	D	0.04%	0.01%	0.01%
AXP	B	0.36%	0.01%	0.01%
AYI	A	0.04%	0.01%	0.01%
AZO	D	0.06%	0.01%	0.01%
BA	F	0.12%	0.01%	0.01%
BAC	B	1.21%	0.01%	0.01%
BAX	D	0.08%	0.01%	0.01%
BBY	D	0.17%	0.01%	0.01%
BC	C	0.03%	0.01%	0.01%
BDX	D	0.12%	0.01%	0.01%
BEN	C	0.04%	0.01%	0.01%
BERY	C	0.04%	0.01%	0.01%
BG	F	0.11%	0.01%	0.01%
BIIB	F	0.1%	0.01%	0.01%
BK	A	0.27%	0.01%	0.01%
BKNG	A	0.22%	0.01%	0.01%
BMY	A	0.41%	0.01%	0.01%
BR	B	0.03%	0.01%	0.01%
BRO	A	0.02%	0.01%	0.01%
BRX	A	0.02%	0.01%	0.01%
BSX	B	0.09%	0.01%	0.01%
BWA	D	0.05%	0.01%	0.01%
BXP	B	0.06%	0.01%	0.01%
C	B	1.04%	0.01%	0.01%
CAG	D	0.06%	0.01%	0.01%
CAH	C	0.07%	0.01%	0.01%
CARR	D	0.13%	0.01%	0.01%
CAT	B	0.42%	0.01%	0.01%
CB	D	0.28%	0.01%	0.01%
CBOE	B	0.01%	0.01%	0.01%
CCI	D	0.1%	0.01%	0.01%
CDNS	B	0.03%	0.01%	0.01%
CE	F	0.06%	0.01%	0.01%
CF	B	0.07%	0.01%	0.01%
CFG	B	0.1%	0.01%	0.01%
CHD	C	0.04%	0.01%	0.01%
CHRW	C	0.08%	0.01%	0.01%
CHTR	B	0.29%	0.01%	0.01%
CI	D	0.53%	0.01%	0.01%
CINF	B	0.07%	0.01%	0.01%
CL	D	0.14%	0.01%	0.01%
CLX	C	0.04%	0.01%	0.01%
CMA	B	0.06%	0.01%	0.01%
CMCSA	B	0.81%	0.01%	0.01%
CME	B	0.08%	0.01%	0.01%
CMI	A	0.18%	0.01%	0.01%
CMS	C	0.06%	0.01%	0.01%
CNH	B	0.02%	0.01%	0.01%
CNO	B	0.04%	0.01%	0.01%
CNP	B	0.06%	0.01%	0.01%
COF	A	0.42%	0.01%	0.01%
COP	D	0.46%	0.01%	0.01%
COST	C	0.64%	0.01%	0.01%
CPB	D	0.03%	0.01%	0.01%
CPT	D	0.02%	0.01%	0.01%
CRM	B	0.14%	0.01%	0.01%
CSCO	A	0.81%	0.01%	0.01%
CSL	D	0.05%	0.01%	0.01%
CSX	D	0.2%	0.01%	0.01%
CTAS	B	0.08%	0.01%	0.01%
CTVA	A	0.09%	0.01%	0.01%
CVS	F	0.79%	0.01%	0.01%
CVX	B	1.18%	0.01%	0.01%
D	B	0.19%	0.01%	0.01%
DAL	A	0.03%	0.01%	0.01%
DD	C	0.18%	0.01%	0.01%
DE	C	0.24%	0.01%	0.01%
DELL	B	0.02%	0.01%	0.01%
DFS	B	0.22%	0.01%	0.01%
DG	F	0.09%	0.01%	0.01%
DGX	B	0.07%	0.01%	0.01%
DHI	D	0.19%	0.01%	0.01%
DHR	D	0.17%	0.01%	0.01%
DIS	C	0.4%	0.01%	0.01%
DLR	B	0.08%	0.01%	0.01%
DLTR	F	0.05%	0.01%	0.01%
DOC	A	0.04%	0.01%	0.01%
DOV	A	0.06%	0.01%	0.01%
DOW	F	0.22%	0.01%	0.01%
DOX	B	0.04%	0.01%	0.01%
DRI	B	0.05%	0.01%	0.01%
DTE	D	0.08%	0.01%	0.01%
DUK	D	0.33%	0.01%	0.01%
DVN	F	0.09%	0.01%	0.01%
DXC	C	0.05%	0.01%	0.01%
EA	A	0.08%	0.01%	0.01%
EBAY	D	0.18%	0.01%	0.01%
ECL	D	0.09%	0.01%	0.01%
ED	D	0.13%	0.01%	0.01%
EFX	D	0.03%	0.01%	0.01%
EG	F	0.02%	0.01%	0.01%
EIX	D	0.1%	0.01%	0.01%
EL	F	0.05%	0.01%	0.01%
EMN	D	0.08%	0.01%	0.01%
EMR	A	0.15%	0.01%	0.01%
EOG	F	0.22%	0.01%	0.01%
EQH	B	0.05%	0.01%	0.01%
EQIX	B	0.08%	0.01%	0.01%
EQR	D	0.05%	0.01%	0.01%
ES	D	0.08%	0.01%	0.01%
ESS	D	0.03%	0.01%	0.01%
ETN	B	0.22%	0.01%	0.01%
ETR	B	0.11%	0.01%	0.01%
EVRG	B	0.07%	0.01%	0.01%
EW	D	0.04%	0.01%	0.01%
EXC	D	0.18%	0.01%	0.01%
EXPE	A	0.03%	0.01%	0.01%
EXR	D	0.03%	0.01%	0.01%
FAF	D	0.04%	0.01%	0.01%
FANG	F	0.05%	0.01%	0.01%
FDX	D	0.3%	0.01%	0.01%
FE	D	0.09%	0.01%	0.01%
FHN	B	0.03%	0.01%	0.01%
FIS	B	0.12%	0.01%	0.01%
FITB	B	0.12%	0.01%	0.01%
FLEX	A	0.06%	0.01%	0.01%
FLO	D	0.02%	0.01%	0.01%
FMC	B	0.03%	0.01%	0.01%
FNF	D	0.07%	0.01%	0.01%
FOXA	B	0.09%	0.01%	0.01%
FTNT	C	0.03%	0.01%	0.01%
FTV	F	0.03%	0.01%	0.01%
GD	D	0.22%	0.01%	0.01%
GE	D	0.17%	0.01%	0.01%
GILD	A	0.36%	0.01%	0.01%
GIS	D	0.13%	0.01%	0.01%
GL	C	0.03%	0.01%	0.01%
GLPI	C	0.02%	0.01%	0.01%
GLW	B	0.14%	0.01%	0.01%
GM	A	0.68%	0.01%	0.01%
GOOGL	B	1.25%	0.01%	0.01%
GPC	F	0.06%	0.01%	0.01%
GPN	D	0.08%	0.01%	0.01%
GS	B	0.56%	0.01%	0.01%
GWW	A	0.08%	0.01%	0.01%
GXO	B	0.02%	0.01%	0.01%
HAL	F	0.06%	0.01%	0.01%
HAS	D	0.04%	0.01%	0.01%
HBAN	B	0.07%	0.01%	0.01%
HCA	D	0.24%	0.01%	0.01%
HD	B	0.83%	0.01%	0.01%
HES	C	0.05%	0.01%	0.01%
HIG	D	0.15%	0.01%	0.01%
HII	F	0.04%	0.01%	0.01%
HOG	F	0.02%	0.01%	0.01%
HON	B	0.36%	0.01%	0.01%
HPE	B	0.21%	0.01%	0.01%
HPQ	B	0.21%	0.01%	0.01%
HRB	D	0.01%	0.01%	0.01%
HRL	D	0.03%	0.01%	0.01%
HST	C	0.04%	0.01%	0.01%
HSY	F	0.04%	0.01%	0.01%
HUBB	B	0.04%	0.01%	0.01%
HUM	F	0.18%	0.01%	0.01%
HUN	F	0.04%	0.01%	0.01%
IBM	D	0.61%	0.01%	0.01%
ICE	C	0.12%	0.01%	0.01%
IEX	B	0.02%	0.01%	0.01%
IFF	D	0.06%	0.01%	0.01%
ILMN	A	0.03%	0.01%	0.01%
INGR	A	0.04%	0.01%	0.01%
INTC	C	0.81%	0.01%	0.01%
INTU	D	0.1%	0.01%	0.01%
INVH	F	0.03%	0.01%	0.01%
IP	A	0.14%	0.01%	0.01%
IPG	F	0.04%	0.01%	0.01%
ITW	A	0.15%	0.01%	0.01%
IVZ	B	0.05%	0.01%	0.01%
JBHT	B	0.04%	0.01%	0.01%
JBL	B	0.06%	0.01%	0.01%
JCI	B	0.15%	0.01%	0.01%
JEF	B	0.05%	0.01%	0.01%
JHG	A	0.03%	0.01%	0.01%
JLL	A	0.09%	0.01%	0.01%
JNJ	D	0.97%	0.01%	0.01%
JNPR	A	0.05%	0.01%	0.01%
JPM	B	1.9%	0.01%	0.01%
K	A	0.07%	0.01%	0.01%
KDP	F	0.08%	0.01%	0.01%
KEY	B	0.09%	0.01%	0.01%
KEYS	C	0.04%	0.01%	0.01%
KIM	A	0.03%	0.01%	0.01%
KLAC	F	0.08%	0.01%	0.01%
KMB	D	0.11%	0.01%	0.01%
KMI	A	0.21%	0.01%	0.01%
KO	D	0.4%	0.01%	0.01%
KR	A	0.29%	0.01%	0.01%
KSS	F	0.07%	0.01%	0.01%
L	D	0.05%	0.01%	0.01%
LDOS	A	0.08%	0.01%	0.01%
LEA	F	0.06%	0.01%	0.01%
LEG	F	0.02%	0.01%	0.01%
LEN	D	0.18%	0.01%	0.01%
LH	B	0.08%	0.01%	0.01%
LHX	B	0.16%	0.01%	0.01%
LII	A	0.03%	0.01%	0.01%
LIN	D	0.36%	0.01%	0.01%
LLY	F	0.23%	0.01%	0.01%
LMT	D	0.42%	0.01%	0.01%
LNC	B	0.05%	0.01%	0.01%
LNT	C	0.04%	0.01%	0.01%
LOW	B	0.45%	0.01%	0.01%
LRCX	F	0.15%	0.01%	0.01%
LUV	B	0.02%	0.01%	0.01%
LVS	B	0.04%	0.01%	0.01%
LYB	F	0.15%	0.01%	0.01%
MA	B	0.28%	0.01%	0.01%
MAA	D	0.03%	0.01%	0.01%
MAR	B	0.09%	0.01%	0.01%
MAS	C	0.06%	0.01%	0.01%
MCD	D	0.36%	0.01%	0.01%
MCHP	F	0.06%	0.01%	0.01%
MCK	D	0.09%	0.01%	0.01%
MCO	D	0.07%	0.01%	0.01%
MDLZ	F	0.22%	0.01%	0.01%
MDT	B	0.17%	0.01%	0.01%
MET	C	0.27%	0.01%	0.01%
MHK	D	0.07%	0.01%	0.01%
MKC	D	0.04%	0.01%	0.01%
MKL	D	0.04%	0.01%	0.01%
MLM	B	0.04%	0.01%	0.01%
MMC	D	0.14%	0.01%	0.01%
MMM	D	0.36%	0.01%	0.01%
MO	A	0.34%	0.01%	0.01%
MOS	C	0.06%	0.01%	0.01%
MPC	F	0.4%	0.01%	0.01%
MRK	F	0.48%	0.01%	0.01%
MRO	C	0.08%	0.01%	0.01%
MRVL	A	0.04%	0.01%	0.01%
MS	B	0.42%	0.01%	0.01%
MSFT	D	2.4%	0.01%	0.01%
MSI	B	0.06%	0.01%	0.01%
MTB	B	0.1%	0.01%	0.01%
MU	C	0.43%	0.01%	0.01%
NDAQ	A	0.03%	0.01%	0.01%
NEE	D	0.27%	0.01%	0.01%
NEM	D	0.18%	0.01%	0.01%
NFG	B	0.02%	0.01%	0.01%
NI	A	0.04%	0.01%	0.01%
NKE	F	0.21%	0.01%	0.01%
NOC	D	0.21%	0.01%	0.01%
NOV	F	0.02%	0.01%	0.01%
NOW	A	0.01%	0.01%	0.01%
NSC	B	0.19%	0.01%	0.01%
NTAP	D	0.08%	0.01%	0.01%
NTRS	B	0.07%	0.01%	0.01%
NUE	F	0.21%	0.01%	0.01%
NVDA	B	0.38%	0.01%	0.01%
NVR	C	0.08%	0.01%	0.01%
NVT	C	0.02%	0.01%	0.01%
NXPI	D	0.05%	0.01%	0.01%
O	D	0.04%	0.01%	0.01%
OC	B	0.06%	0.01%	0.01%
OGE	A	0.03%	0.01%	0.01%
OKE	A	0.12%	0.01%	0.01%
OMC	B	0.08%	0.01%	0.01%
ORCL	B	0.48%	0.01%	0.01%
ORI	C	0.05%	0.01%	0.01%
ORLY	B	0.1%	0.01%	0.01%
OSK	C	0.03%	0.01%	0.01%
OTIS	B	0.05%	0.01%	0.01%
PCAR	B	0.14%	0.01%	0.01%
PCG	B	0.03%	0.01%	0.01%
PEG	C	0.11%	0.01%	0.01%
PEP	F	0.44%	0.01%	0.01%
PFE	D	0.77%	0.01%	0.01%
PFG	D	0.09%	0.01%	0.01%
PG	D	0.8%	0.01%	0.01%
PGR	D	0.23%	0.01%	0.01%
PH	A	0.12%	0.01%	0.01%
PHM	D	0.13%	0.01%	0.01%
PKG	A	0.07%	0.01%	0.01%
PLD	F	0.08%	0.01%	0.01%
PM	A	0.45%	0.01%	0.01%
PNC	B	0.28%	0.01%	0.01%
PNR	A	0.04%	0.01%	0.01%
PNW	D	0.04%	0.01%	0.01%
PPG	F	0.09%	0.01%	0.01%
PPL	B	0.11%	0.01%	0.01%
PRU	C	0.23%	0.01%	0.01%
PSA	D	0.06%	0.01%	0.01%
PSX	F	0.37%	0.01%	0.01%
PWR	A	0.07%	0.01%	0.01%
PYPL	B	0.21%	0.01%	0.01%
QCOM	F	0.45%	0.01%	0.01%
QRVO	F	0.05%	0.01%	0.01%
R	A	0.07%	0.01%	0.01%
REG	B	0.02%	0.01%	0.01%
REGN	F	0.13%	0.01%	0.01%
RF	B	0.08%	0.01%	0.01%
RGA	D	0.04%	0.01%	0.01%
RJF	B	0.05%	0.01%	0.01%
RL	A	0.03%	0.01%	0.01%
ROK	C	0.06%	0.01%	0.01%
ROP	F	0.05%	0.01%	0.01%
ROST	D	0.08%	0.01%	0.01%
RPM	B	0.04%	0.01%	0.01%
RS	C	0.09%	0.01%	0.01%
RSG	C	0.06%	0.01%	0.01%
RTX	C	0.36%	0.01%	0.01%
SBUX	B	0.28%	0.01%	0.01%
SCHW	B	0.11%	0.01%	0.01%
SHW	C	0.09%	0.01%	0.01%
SJM	D	0.06%	0.01%	0.01%
SLB	F	0.12%	0.01%	0.01%
SLG	A	0.02%	0.01%	0.01%
SNA	A	0.05%	0.01%	0.01%
SNV	B	0.03%	0.01%	0.01%
SNX	B	0.03%	0.01%	0.01%
SO	C	0.28%	0.01%	0.01%
SON	F	0.03%	0.01%	0.01%
SPG	A	0.1%	0.01%	0.01%
SPGI	D	0.15%	0.01%	0.01%
SRE	C	0.12%	0.01%	0.01%
STE	D	0.03%	0.01%	0.01%
STLD	B	0.11%	0.01%	0.01%
STT	A	0.1%	0.01%	0.01%
STZ	F	0.07%	0.01%	0.01%
SUI	D	0.03%	0.01%	0.01%
SWK	D	0.08%	0.01%	0.01%
SWKS	F	0.05%	0.01%	0.01%
SYF	A	0.3%	0.01%	0.01%
SYK	A	0.12%	0.01%	0.01%
SYY	C	0.1%	0.01%	0.01%
T	B	1.25%	0.01%	0.01%
TAP	C	0.05%	0.01%	0.01%
TDY	B	0.03%	0.01%	0.01%
TFC	C	0.21%	0.01%	0.01%
TGT	D	0.39%	0.01%	0.01%
THG	B	0.02%	0.01%	0.01%
TJX	D	0.22%	0.01%	0.01%
TKR	D	0.02%	0.01%	0.01%
TMO	D	0.28%	0.01%	0.01%
TMUS	B	0.24%	0.01%	0.01%
TRMB	B	0.03%	0.01%	0.01%
TRV	B	0.32%	0.01%	0.01%
TSCO	D	0.06%	0.01%	0.01%
TSN	D	0.19%	0.01%	0.01%
TT	B	0.06%	0.01%	0.01%
TXN	B	0.33%	0.01%	0.01%
TXT	D	0.06%	0.01%	0.01%
UDR	D	0.02%	0.01%	0.01%
UHS	D	0.09%	0.01%	0.01%
UNH	D	1.17%	0.01%	0.01%
UNM	A	0.05%	0.01%	0.01%
UNP	D	0.37%	0.01%	0.01%
UPS	C	0.29%	0.01%	0.01%
USB	B	0.32%	0.01%	0.01%
V	A	0.34%	0.01%	0.01%
VFC	B	0.07%	0.01%	0.01%
VLO	F	0.38%	0.01%	0.01%
VMC	B	0.04%	0.01%	0.01%
VNO	B	0.05%	0.01%	0.01%
VOYA	C	0.03%	0.01%	0.01%
VRSK	B	0.04%	0.01%	0.01%
VRSN	F	0.01%	0.01%	0.01%
VTR	B	0.08%	0.01%	0.01%
VTRS	B	0.09%	0.01%	0.01%
VZ	D	1.22%	0.01%	0.01%
WAB	A	0.06%	0.01%	0.01%
WBA	C	0.21%	0.01%	0.01%
WEC	B	0.09%	0.01%	0.01%
WELL	B	0.1%	0.01%	0.01%
WFC	B	1.21%	0.01%	0.01%
WHR	B	0.07%	0.01%	0.01%
WLK	F	0.02%	0.01%	0.01%
WM	B	0.15%	0.01%	0.01%
WMB	A	0.16%	0.01%	0.01%
WMT	A	1.42%	0.01%	0.01%
WPC	F	0.02%	0.01%	0.01%
WRB	C	0.04%	0.01%	0.01%
WTRG	B	0.01%	0.01%	0.01%
WU	F	0.04%	0.01%	0.01%
WY	D	0.1%	0.01%	0.01%
XEL	B	0.11%	0.01%	0.01%
XOM	B	2.01%	0.01%	0.01%
XRAY	F	0.02%	0.01%	0.01%
XYL	F	0.04%	0.01%	0.01%
ZBH	D	0.05%	0.01%	0.01%
ZION	B	0.05%	0.01%	0.01%
ZTS	F	0.08%	0.01%	0.01%

FNDX Overweight 293 Positions Relative to BND

Symbol	Grade	Weight
BRK.A	D	2.19%
META	B	1.8%
GOOG	B	1.07%
LUMN	B	0.47%
ELV	F	0.4%
ACN	C	0.37%
F	F	0.33%
CNC	D	0.21%
TSLA	B	0.2%
CTSH	D	0.18%
FCX	B	0.15%
BKR	A	0.14%
NFLX	A	0.14%
VST	C	0.14%
WDC	C	0.13%
URI	B	0.13%
BX	B	0.12%
TROW	B	0.12%
FI	A	0.12%
CEG	C	0.12%
CBRE	A	0.12%
KHC	F	0.11%
OXY	F	0.11%
KKR	B	0.11%
PARA	C	0.1%
NRG	B	0.1%
STX	D	0.1%
GEHC	D	0.1%
AMD	F	0.1%
WKC	D	0.09%
SW	A	0.08%
X	C	0.08%
IQV	F	0.08%
YUM	C	0.08%
ISRG	A	0.08%
VRTX	A	0.08%
WBD	D	0.07%
IRM	B	0.07%
THC	C	0.07%
TDG	B	0.07%
FAST	A	0.07%
USFD	A	0.07%
DINO	F	0.06%
LKQ	F	0.06%
CDW	F	0.06%
TOL	C	0.06%
EME	A	0.06%
AA	B	0.06%
M	C	0.06%
DVA	D	0.06%
TRGP	A	0.06%
HLT	B	0.06%
PFGC	A	0.06%
MGM	D	0.06%
LAD	A	0.06%
BLDR	D	0.06%
PAYX	B	0.06%
KMX	D	0.06%
HWM	B	0.06%
BALL	F	0.06%
WTW	A	0.06%
THO	C	0.05%
ACM	A	0.05%
GPI	C	0.05%
AME	A	0.05%
MAN	F	0.05%
WSM	D	0.05%
UGI	F	0.05%
KVUE	A	0.05%
CASY	A	0.05%
BFH	C	0.05%
OGN	F	0.05%
ODFL	B	0.05%
OVV	F	0.05%
OMF	B	0.05%
LNG	A	0.05%
CPAY	B	0.05%
J	D	0.05%
CCL	B	0.05%
RMD	B	0.04%
MTH	D	0.04%
LPLA	B	0.04%
BAH	A	0.04%
GT	C	0.04%
WAT	A	0.04%
RHI	B	0.04%
MRNA	F	0.04%
GAP	C	0.04%
PBF	F	0.04%
AKAM	D	0.04%
CMG	D	0.04%
BCC	C	0.04%
ZBRA	B	0.04%
GEV	A	0.04%
ANET	B	0.04%
SSNC	D	0.04%
CLF	D	0.04%
OLN	F	0.04%
WCC	B	0.04%
MUSA	D	0.04%
SLM	C	0.04%
EQT	B	0.04%
UFPI	D	0.04%
GEN	B	0.04%
NWSA	B	0.04%
TMHC	A	0.04%
EXPD	D	0.04%
FYBR	C	0.04%
ON	D	0.04%
UBER	C	0.04%
KNX	B	0.04%
CRBG	B	0.04%
CCK	B	0.04%
PVH	D	0.04%
EVR	B	0.04%
TPR	B	0.04%
HOLX	C	0.04%
TDS	B	0.04%
FBIN	B	0.04%
MOH	D	0.04%
DKS	F	0.04%
ALSN	A	0.04%
TER	F	0.04%
HSIC	F	0.04%
SFM	A	0.04%
JXN	B	0.04%
KD	F	0.04%
MNST	B	0.04%
TTWO	B	0.03%
EXP	B	0.03%
MTG	D	0.03%
CPRT	D	0.03%
BTU	A	0.03%
PII	F	0.03%
ABG	B	0.03%
ACI	F	0.03%
LSTR	D	0.03%
GRMN	A	0.03%
AVTR	D	0.03%
NSIT	F	0.03%
SEIC	A	0.03%
SEE	B	0.03%
ITT	B	0.03%
BURL	D	0.03%
GNTX	C	0.03%
SOLV	B	0.03%
CW	B	0.03%
BBWI	D	0.03%
RVTY	C	0.03%
MLI	A	0.03%
SAIC	A	0.03%
EWBC	B	0.03%
KBH	D	0.03%
MSCI	B	0.03%
TRU	C	0.03%
NWL	B	0.03%
SNPS	C	0.03%
FLR	B	0.03%
FFIV	B	0.03%
SANM	B	0.03%
TPH	D	0.03%
ARMK	B	0.03%
DECK	B	0.03%
ZIM	B	0.03%
CIEN	B	0.03%
CPRI	F	0.03%
CTRA	F	0.03%
MTZ	A	0.03%
CMC	B	0.03%
ULTA	D	0.03%
RRX	B	0.03%
GNW	D	0.03%
PANW	B	0.03%
GPK	D	0.03%
FL	F	0.03%
WSO	C	0.03%
HBI	B	0.03%
MTD	D	0.03%
DPZ	C	0.03%
IT	B	0.03%
LPX	C	0.03%
CG	B	0.03%
IR	B	0.03%
CACI	A	0.03%
NXST	B	0.03%
AGCO	D	0.03%
APA	F	0.03%
ARCH	C	0.02%
QRTEA	F	0.02%
ALV	D	0.02%
VAC	C	0.02%
COHR	B	0.02%
MKSI	F	0.02%
EPAM	F	0.02%
LW	C	0.02%
WST	C	0.02%
ADNT	F	0.02%
WERN	B	0.02%
MIDD	D	0.02%
BPOP	D	0.02%
CRI	F	0.02%
DAN	F	0.02%
MPW	D	0.02%
HUBG	C	0.02%
ANSS	C	0.02%
TPX	D	0.02%
ODP	D	0.02%
TTC	D	0.02%
POR	C	0.02%
OI	F	0.02%
LECO	C	0.02%
PENN	D	0.02%
CCEP	D	0.02%
SM	F	0.02%
NDSN	D	0.02%
CHKP	F	0.02%
UHAL	C	0.02%
MUR	F	0.02%
PAG	D	0.02%
GGG	C	0.02%
NAVI	F	0.02%
KBR	B	0.02%
POST	D	0.02%
RUSHA	A	0.02%
REZI	B	0.02%
ASGN	F	0.02%
BECN	B	0.02%
TFX	F	0.02%
ALGN	F	0.02%
DCI	B	0.02%
ASO	F	0.02%
FCNCA	D	0.02%
STWD	D	0.02%
DAR	C	0.02%
CTLT	D	0.02%
PK	D	0.02%
SBAC	D	0.02%
AXTA	A	0.02%
GNRC	A	0.02%
ST	F	0.02%
POOL	B	0.02%
SKX	D	0.02%
TGNA	B	0.02%
CAR	C	0.02%
CC	D	0.02%
ATR	A	0.02%
ABM	B	0.02%
JKHY	A	0.02%
EHC	A	0.02%
CZR	D	0.02%
AR	F	0.02%
IDXX	F	0.02%
G	C	0.02%
SCI	A	0.02%
BJ	B	0.02%
SQ	C	0.02%
COR	B	0.02%
AOS	F	0.02%
LAMR	B	0.02%
PRI	B	0.02%
GDDY	B	0.02%
MDU	F	0.02%
BAP	B	0.02%
XRX	F	0.02%
VICI	D	0.02%
VSH	F	0.01%
ANDE	F	0.01%
CRL	F	0.01%
DBX	B	0.01%
MSM	D	0.01%
JAZZ	C	0.01%
CNXC	F	0.01%
CHE	F	0.01%
MMS	D	0.01%
AEO	F	0.01%
SPTN	C	0.01%
TNL	A	0.01%
LILAK	B	0.01%
BLD	D	0.01%
FSLR	D	0.01%
PRGO	F	0.01%
HTZ	F	0.01%
ICLR	F	0.01%
FTI	B	0.01%
DK	F	0.01%
LULU	C	0.01%
CYH	D	0.01%
JWN	B	0.01%
CNX	B	0.01%
MATX	A	0.01%
ALK	B	0.01%
MTN	F	0.01%
UNFI	B	0.01%

FNDX Underweight 118 Positions Relative to BND

Symbol	Grade	Weight
WIT	B	-0.09%
LXP	D	-0.01%
PAA	D	-0.01%
OCSL	F	-0.01%
NYC	D	-0.01%
NWE	D	-0.01%
MCY	B	-0.01%
PDM	B	-0.01%
GSBD	F	-0.01%
HPP	F	-0.01%
JBLU	D	-0.01%
ET	A	-0.01%
FSK	B	-0.01%
CAF	B	-0.01%
CUBE	D	-0.01%
DSS	D	-0.01%
COKE	D	-0.01%
AWH	F	-0.01%
CM	A	-0.01%
AVA	D	-0.01%
CHI	C	-0.01%
BLK	A	-0.01%
BKH	D	-0.01%
BIDU	F	-0.01%
BHF	C	-0.01%
CP	D	-0.01%
COO	D	-0.01%
TEL	B	-0.01%
TME	C	-0.01%
NNN	D	-0.01%
OHI	B	-0.01%
OGS	D	-0.01%
MPLX	A	-0.01%
JD	C	-0.01%
KMT	A	-0.01%
KMPR	B	-0.01%
GBDC	D	-0.01%
WB	B	-0.01%
UBS	B	-0.01%
VNT	C	-0.01%
WTFC	B	-0.01%
SKT	B	-0.01%
SITC	F	-0.01%
RIV	B	-0.01%
SCS	F	-0.01%
REXR	F	-0.01%
SAVE	D	-0.01%
SAFE	F	-0.01%
NHI	D	-0.01%
NEU	D	-0.01%
GP	F	-0.01%
HR	D	-0.01%
HP	C	-0.01%
HIW	C	-0.01%
H	F	-0.01%
ESGR	B	-0.01%
EPRT	D	-0.01%
EPR	D	-0.01%
FRT	C	-0.01%
AAT	B	-0.01%
PECO	A	-0.01%
EE	A	-0.01%
CTS	B	-0.01%
FLS	A	-0.01%
COE	B	-0.01%
CNA	D	-0.01%
AXS	B	-0.01%
AGR	D	-0.01%
AGO	C	-0.01%
CHH	B	-0.01%
BMO	B	-0.01%
ADC	C	-0.01%
ARCC	B	-0.01%
CBT	B	-0.01%
CACC	F	-0.01%
BDN	D	-0.01%
BCSF	C	-0.01%
AMH	F	-0.01%
OPI	F	-0.01%
LAZ	B	-0.01%
MP	B	-0.01%
KEX	D	-0.01%
KRG	A	-0.01%
KRC	B	-0.01%
KOF	F	-0.01%
WBS	B	-0.01%
TSLX	F	-0.01%
SWX	B	-0.01%
VMI	A	-0.01%
STLA	F	-0.01%
WEST	D	-0.01%
RYN	B	-0.01%
SIGI	D	-0.01%
RPRX	D	-0.01%
RNR	B	-0.01%
SF	B	-0.01%
PSEC	D	-0.01%
SBRA	B	-0.01%
PRE	D	-0.01%
MAIN	B	-0.01%
UAL	A	-0.01%
RY	B	-0.01%
SCCO	B	-0.01%
BHP	B	-0.01%
DB	B	-0.01%
EDC	B	-0.01%
GSK	F	-0.01%
EPD	A	-0.01%
BNS	B	-0.01%
EQNR	F	-0.01%
BABA	B	-0.01%
VOD	D	-0.01%
AZN	F	-0.01%
DT	B	-0.01%
NWG	A	-0.01%
MUFG	B	-0.01%
TD	F	-0.01%
HSBC	A	-0.01%