FNDX vs. CRBN ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

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

$67.22

Average Daily Volume

450,865

Number of Holdings ^*

709

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.50

Average Daily Volume

7,508

Number of Holdings ^*

448

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	CRBN
30 Days	2.93%	3.70%
60 Days	2.69%	2.60%
90 Days	6.17%	5.77%
12 Months	24.76%	22.74%

340 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in CRBN	Overlap
A	A	0.07%	0.05%	0.05%
AAPL	B	3.77%	4.07%	3.77%
ABBV	D	0.5%	0.43%	0.43%
ABBV	D	0.5%	0.19%	0.19%
ABT	F	0.3%	0.25%	0.25%
ACGL	B	0.06%	0.08%	0.06%
ACM	D	0.04%	0.02%	0.02%
ACN	F	0.3%	0.28%	0.28%
ADBE	F	0.18%	0.31%	0.18%
ADI	A	0.12%	0.18%	0.12%
ADP	C	0.13%	0.22%	0.13%
ADSK	F	0.02%	0.07%	0.02%
AER	B	0.04%	0.13%	0.04%
AFG	C	0.05%	0.01%	0.01%
AFL	A	0.19%	0.12%	0.12%
AIG	B	0.33%	0.13%	0.13%
AJG	B	0.05%	0.06%	0.05%
AKAM	F	0.04%	0.05%	0.04%
ALB	D	0.03%	0.09%	0.03%
ALGN	F	0.03%	0.04%	0.03%
ALL	C	0.3%	0.02%	0.02%
ALLE	D	0.02%	0.07%	0.02%
AMAT	B	0.31%	0.1%	0.1%
AMD	D	0.09%	0.36%	0.09%
AME	D	0.05%	0.2%	0.05%
AMGN	B	0.49%	0.28%	0.28%
AMP	A	0.13%	0.05%	0.05%
AMT	C	0.11%	0.14%	0.11%
AMZN	B	1.5%	2.45%	1.5%
ANET	A	0.03%	0.11%	0.03%
ANSS	D	0.02%	0.02%	0.02%
AON	D	0.1%	0.07%	0.07%
APH	A	0.09%	0.17%	0.09%
APO	D	0.04%	0.07%	0.04%
ARE	C	0.03%	0.02%	0.02%
AVB	A	0.05%	0.03%	0.03%
AVGO	C	0.61%	0.91%	0.61%
AVY	A	0.05%	0.0%	0.0%
AWK	C	0.04%	0.16%	0.04%
AXP	A	0.39%	0.22%	0.22%
BAC	A	1.32%	0.36%	0.36%
BAH	C	0.04%	0.05%	0.04%
BAX	F	0.08%	0.01%	0.01%
BBWI	B	0.04%	0.03%	0.03%
BDX	F	0.11%	0.13%	0.11%
BIIB	C	0.12%	0.04%	0.04%
BK	A	0.24%	0.08%	0.08%
BKNG	B	0.21%	0.2%	0.2%
BKR	D	0.15%	0.25%	0.15%
BLK	C	0.24%	0.13%	0.13%
BMY	F	0.29%	0.21%	0.21%
BR	C	0.03%	0.07%	0.03%
BRK.A	C	2.21%	0.62%	0.62%
BRO	A	0.02%	0.02%	0.02%
BSX	B	0.09%	0.17%	0.09%
BURL	D	0.02%	0.01%	0.01%
BX	C	0.1%	0.13%	0.1%
BXP	C	0.04%	0.03%	0.03%
C	A	1.29%	0.23%	0.23%
CAH	F	0.07%	0.04%	0.04%
CB	B	0.27%	0.2%	0.2%
CCI	C	0.09%	0.08%	0.08%
CCL	F	0.05%	0.02%	0.02%
CDNS	D	0.03%	0.1%	0.03%
CDW	D	0.06%	0.02%	0.02%
CEG	B	0.12%	0.12%	0.12%
CFG	A	0.1%	0.09%	0.09%
CG	D	0.03%	0.01%	0.01%
CHD	B	0.05%	0.06%	0.05%
CHKP	D	0.03%	0.06%	0.03%
CHTR	D	0.26%	0.06%	0.06%
CI	D	0.54%	0.12%	0.12%
CL	A	0.16%	0.14%	0.14%
CMCSA	D	0.74%	0.25%	0.25%
CME	D	0.08%	0.11%	0.08%
CMG	C	0.05%	0.15%	0.05%
CNC	B	0.26%	0.02%	0.02%
COF	B	0.43%	0.07%	0.07%
COST	B	0.67%	0.36%	0.36%
CRL	D	0.02%	0.01%	0.01%
CRM	D	0.13%	0.36%	0.13%
CSCO	D	0.74%	0.37%	0.37%
CSX	D	0.22%	0.12%	0.12%
CTAS	B	0.08%	0.14%	0.08%
CTLT	D	0.02%	0.01%	0.01%
CTSH	D	0.16%	0.06%	0.06%
CTVA	B	0.09%	0.22%	0.09%
CVS	F	0.61%	0.07%	0.07%
CZR	F	0.01%	0.01%	0.01%
DAR	D	0.02%	0.01%	0.01%
DBX	D	0.01%	0.01%	0.01%
DE	B	0.23%	0.15%	0.15%
DECK	C	0.03%	0.05%	0.03%
DFS	D	0.22%	0.07%	0.07%
DG	D	0.13%	0.07%	0.07%
DGX	B	0.07%	0.04%	0.04%
DHR	A	0.16%	0.26%	0.16%
DIS	D	0.46%	0.27%	0.27%
DLR	C	0.07%	0.06%	0.06%
DLTR	F	0.08%	0.06%	0.06%
DPZ	C	0.05%	0.0%	0.0%
DRI	D	0.04%	0.0%	0.0%
DVA	C	0.06%	0.03%	0.03%
EA	F	0.07%	0.06%	0.06%
EBAY	B	0.17%	0.12%	0.12%
ECL	B	0.09%	0.16%	0.09%
EFX	C	0.03%	0.07%	0.03%
EG	B	0.04%	0.02%	0.02%
EIX	A	0.1%	0.17%	0.1%
EL	F	0.06%	0.08%	0.06%
ELV	B	0.51%	0.15%	0.15%
EMR	C	0.18%	0.1%	0.1%
EPAM	F	0.02%	0.01%	0.01%
EQH	B	0.05%	0.1%	0.05%
EQIX	C	0.07%	0.1%	0.07%
EQR	A	0.05%	0.02%	0.02%
ES	C	0.08%	0.04%	0.04%
ESS	A	0.03%	0.01%	0.01%
ETN	B	0.26%	0.13%	0.13%
EW	D	0.04%	0.09%	0.04%
EXC	B	0.17%	0.01%	0.01%
EXR	B	0.03%	0.05%	0.03%
FAST	D	0.07%	0.09%	0.07%
FCNCA	B	0.02%	0.03%	0.02%
FCX	A	0.17%	0.33%	0.17%
FDX	D	0.3%	0.03%	0.03%
FFIV	D	0.03%	0.04%	0.03%
FIS	A	0.14%	0.07%	0.07%
FITB	B	0.13%	0.03%	0.03%
FMC	C	0.03%	0.1%	0.03%
FNF	B	0.06%	0.02%	0.02%
FOXA	B	0.08%	0.01%	0.01%
FSLR	C	0.02%	0.05%	0.02%
FTNT	F	0.02%	0.04%	0.02%
FTV	D	0.03%	0.15%	0.03%
GGG	D	0.02%	0.07%	0.02%
GILD	F	0.27%	0.15%	0.15%
GIS	C	0.13%	0.02%	0.02%
GLPI	D	0.02%	0.01%	0.01%
GOOG	B	1.23%	1.19%	1.19%
GOOGL	B	1.39%	1.46%	1.39%
GPN	F	0.07%	0.05%	0.05%
GRMN	A	0.06%	0.09%	0.06%
GS	A	0.58%	0.23%	0.23%
GWW	D	0.07%	0.03%	0.03%
HAL	D	0.08%	0.52%	0.08%
HBAN	A	0.07%	0.02%	0.02%
HCA	D	0.21%	0.12%	0.12%
HD	D	0.74%	0.51%	0.51%
HIG	B	0.15%	0.05%	0.05%
HLT	D	0.06%	0.07%	0.06%
HOLX	D	0.04%	0.04%	0.04%
HON	B	0.35%	0.12%	0.12%
HST	D	0.04%	0.04%	0.04%
HSY	C	0.04%	0.07%	0.04%
HUBB	C	0.04%	0.08%	0.04%
HUM	D	0.19%	0.05%	0.05%
IBM	D	0.53%	0.27%	0.27%
ICE	C	0.11%	0.1%	0.1%
IDXX	C	0.02%	0.07%	0.02%
IEX	D	0.03%	0.1%	0.03%
IFF	B	0.06%	0.03%	0.03%
ILMN	F	0.02%	0.01%	0.01%
INTC	F	0.91%	0.19%	0.19%
INTU	C	0.11%	0.25%	0.11%
INVH	B	0.03%	0.02%	0.02%
IPG	C	0.04%	0.02%	0.02%
IQV	D	0.08%	0.08%	0.08%
IR	D	0.03%	0.15%	0.03%
IRM	B	0.06%	0.04%	0.04%
ISRG	D	0.07%	0.2%	0.07%
IT	D	0.03%	0.06%	0.03%
ITW	D	0.15%	0.13%	0.13%
J	D	0.05%	0.06%	0.05%
JAZZ	F	0.02%	0.02%	0.02%
JKHY	D	0.02%	0.0%	0.0%
JNJ	D	0.92%	0.57%	0.57%
JPM	A	2.03%	0.8%	0.8%
KDP	A	0.08%	0.06%	0.06%
KEY	B	0.1%	0.03%	0.03%
KEYS	D	0.03%	0.06%	0.03%
KIM	C	0.03%	0.01%	0.01%
KKR	B	0.11%	0.07%	0.07%
KLAC	A	0.1%	0.24%	0.1%
KMI	A	0.18%	0.23%	0.18%
KO	A	0.4%	0.45%	0.4%
L	B	0.05%	0.21%	0.05%
LDOS	A	0.08%	0.05%	0.05%
LH	D	0.08%	0.04%	0.04%
LIN	D	0.33%	0.25%	0.25%
LLY	C	0.24%	0.88%	0.24%
LOW	D	0.39%	0.22%	0.22%
LPLA	B	0.04%	0.02%	0.02%
LRCX	D	0.2%	0.18%	0.18%
LULU	F	0.03%	0.07%	0.03%
LVS	F	0.04%	0.05%	0.04%
MA	D	0.27%	0.55%	0.27%
MAA	C	0.03%	0.01%	0.01%
MAR	D	0.09%	0.06%	0.06%
MAS	D	0.05%	0.03%	0.03%
MCD	F	0.32%	0.35%	0.32%
MCHP	B	0.06%	0.1%	0.06%
MCO	A	0.07%	0.06%	0.06%
MDLZ	B	0.22%	0.12%	0.12%
MDT	C	0.35%	0.13%	0.13%
MET	A	0.27%	0.1%	0.1%
META	D	1.83%	1.48%	1.48%
MGM	F	0.06%	0.04%	0.04%
MKC	C	0.04%	0.01%	0.01%
MMC	B	0.14%	0.18%	0.14%
MNST	F	0.04%	0.08%	0.04%
MO	A	0.34%	0.27%	0.27%
MRK	C	0.6%	0.49%	0.49%
MRNA	C	0.06%	0.03%	0.03%
MRVL	D	0.04%	0.1%	0.04%
MS	A	0.36%	0.16%	0.16%
MSFT	C	2.54%	4.04%	2.54%
MSI	A	0.06%	0.14%	0.06%
MTB	A	0.1%	0.05%	0.05%
MTD	B	0.03%	0.04%	0.03%
MTN	D	0.02%	0.02%	0.02%
MU	B	0.55%	0.13%	0.13%
NDSN	B	0.02%	0.03%	0.02%
NEE	A	0.27%	0.22%	0.22%
NEM	B	0.17%	0.04%	0.04%
NFLX	C	0.14%	0.4%	0.14%
NKE	F	0.21%	0.17%	0.17%
NOW	D	0.02%	0.18%	0.02%
NSC	D	0.2%	0.08%	0.08%
NTAP	B	0.08%	0.08%	0.08%
NTRS	B	0.07%	0.02%	0.02%
NVDA	B	0.33%	3.11%	0.33%
NXPI	A	0.12%	0.13%	0.12%
O	C	0.04%	0.01%	0.01%
ODFL	F	0.04%	0.06%	0.04%
OMC	B	0.08%	0.03%	0.03%
ON	D	0.04%	0.04%	0.04%
ORCL	C	0.35%	0.31%	0.31%
ORLY	D	0.1%	0.03%	0.03%
OTIS	C	0.05%	0.09%	0.05%
PANW	C	0.03%	0.12%	0.03%
PAYX	B	0.06%	0.14%	0.06%
PCG	B	0.03%	0.07%	0.03%
PEP	B	0.47%	0.31%	0.31%
PFE	C	0.7%	0.25%	0.25%
PFG	B	0.09%	0.04%	0.04%
PG	A	0.84%	0.65%	0.65%
PGR	B	0.25%	0.17%	0.17%
PH	B	0.12%	0.36%	0.12%
PLD	F	0.06%	0.15%	0.06%
PM	A	0.42%	0.33%	0.33%
PNC	A	0.28%	0.1%	0.1%
POOL	D	0.02%	0.0%	0.0%
PPG	D	0.09%	0.01%	0.01%
PRU	A	0.26%	0.01%	0.01%
PSA	C	0.05%	0.09%	0.05%
PWR	C	0.07%	0.01%	0.01%
PYPL	C	0.17%	0.1%	0.1%
QCOM	A	0.56%	0.3%	0.3%
REG	D	0.02%	0.0%	0.0%
REGN	B	0.13%	0.15%	0.13%
RF	B	0.07%	0.03%	0.03%
RHI	F	0.04%	0.01%	0.01%
RMD	B	0.03%	0.02%	0.02%
ROK	F	0.06%	0.03%	0.03%
ROP	D	0.05%	0.17%	0.05%
ROST	D	0.07%	0.06%	0.06%
RS	D	0.08%	0.18%	0.08%
SBAC	F	0.02%	0.05%	0.02%
SBUX	F	0.19%	0.14%	0.14%
SCHW	A	0.14%	0.16%	0.14%
SHW	D	0.08%	0.12%	0.08%
SLB	F	0.14%	0.23%	0.14%
SNA	D	0.05%	0.03%	0.03%
SNPS	C	0.03%	0.1%	0.03%
SPG	C	0.11%	0.11%	0.11%
SPGI	B	0.12%	0.16%	0.12%
SQ	D	0.02%	0.04%	0.02%
SRE	B	0.12%	0.03%	0.03%
SSNC	B	0.03%	0.11%	0.03%
STE	B	0.03%	0.04%	0.03%
STLD	D	0.11%	0.02%	0.02%
STT	B	0.09%	0.04%	0.04%
STZ	D	0.08%	0.13%	0.08%
SUI	D	0.02%	0.01%	0.01%
SWKS	D	0.05%	0.01%	0.01%
SYF	C	0.3%	0.06%	0.06%
SYK	D	0.12%	0.14%	0.12%
T	B	1.17%	0.19%	0.19%
TDG	C	0.08%	0.11%	0.08%
TEL	A	0.11%	0.1%	0.1%
TER	A	0.05%	0.06%	0.05%
TFC	A	0.23%	0.1%	0.1%
TFX	F	0.02%	0.01%	0.01%
TGT	D	0.43%	0.1%	0.1%
TJX	B	0.21%	0.13%	0.13%
TMO	B	0.28%	0.31%	0.28%
TMUS	D	0.2%	0.11%	0.11%
TRGP	B	0.05%	0.62%	0.05%
TRMB	D	0.03%	0.07%	0.03%
TROW	D	0.13%	0.03%	0.03%
TRU	B	0.02%	0.06%	0.02%
TRV	D	0.3%	0.07%	0.07%
TSLA	D	0.11%	0.72%	0.11%
TTWO	F	0.02%	0.03%	0.02%
TXN	A	0.34%	0.28%	0.28%
UBER	D	0.04%	0.14%	0.04%
UHAL	B	0.02%	0.0%	0.0%
UHAL	B	0.0%	0.0%	0.0%
ULTA	F	0.03%	0.06%	0.03%
UNH	B	1.07%	0.67%	0.67%
UNP	B	0.42%	0.23%	0.23%
UPS	D	0.27%	0.12%	0.12%
URI	C	0.13%	0.23%	0.13%
USB	D	0.31%	0.08%	0.08%
V	C	0.35%	0.66%	0.35%
VICI	B	0.02%	0.04%	0.02%
VMC	B	0.05%	0.1%	0.05%
VRSK	B	0.04%	0.1%	0.04%
VRSN	F	0.01%	0.02%	0.01%
VRTX	B	0.07%	0.15%	0.07%
VTRS	D	0.1%	0.06%	0.06%
VZ	C	1.27%	0.27%	0.27%
WAB	B	0.06%	0.04%	0.04%
WAT	B	0.04%	0.02%	0.02%
WBA	F	0.25%	0.01%	0.01%
WBD	D	0.06%	0.01%	0.01%
WELL	B	0.09%	0.06%	0.06%
WFC	A	1.43%	0.31%	0.31%
WMB	A	0.14%	0.01%	0.01%
WMT	D	1.2%	0.3%	0.3%
WRB	D	0.03%	0.02%	0.02%
WST	F	0.02%	0.04%	0.02%
WTRG	B	0.02%	0.04%	0.02%
WTW	D	0.06%	0.05%	0.05%
XRX	F	0.03%	0.03%	0.03%
XYL	A	0.05%	0.11%	0.05%
YUM	D	0.09%	0.04%	0.04%
ZBH	D	0.05%	0.06%	0.05%
ZTS	C	0.07%	0.11%	0.07%

FNDX Overweight 370 Positions Relative to CRBN

Symbol	Grade	Weight
XOM	B	2.06%
CVX	B	1.27%
GM	B	0.74%
COP	D	0.49%
MPC	D	0.47%
VLO	D	0.46%
PSX	D	0.44%
CAT	C	0.43%
F	D	0.37%
RTX	B	0.33%
MMM	B	0.32%
DUK	B	0.32%
LMT	B	0.32%
KR	D	0.31%
SO	A	0.26%
GD	B	0.24%
ADM	C	0.23%
DOW	B	0.23%
EOG	C	0.22%
GE	C	0.21%
NUE	D	0.21%
NOC	C	0.2%
TSN	B	0.2%
HPE	C	0.19%
WDC	B	0.18%
LEN	C	0.18%
CMI	B	0.18%
HPQ	C	0.18%
DD	B	0.18%
D	B	0.18%
WM	B	0.17%
BA	D	0.17%
AEP	B	0.17%
LYB	C	0.17%
VST	B	0.16%
LHX	A	0.16%
DHI	D	0.16%
BBY	D	0.15%
PCAR	D	0.15%
WRK	A	0.14%
OXY	D	0.14%
JCI	B	0.14%
IP	B	0.13%
ED	A	0.13%
ALLY	A	0.13%
NRG	B	0.12%
KMB	C	0.12%
OKE	A	0.12%
GLW	A	0.12%
PHM	B	0.12%
LUMN	F	0.12%
CARR	B	0.12%
PARA	D	0.12%
SYY	D	0.11%
PEG	A	0.11%
PPL	A	0.11%
BG	C	0.11%
MCK	B	0.11%
KHC	D	0.11%
TT	B	0.11%
DVN	D	0.1%
FE	A	0.1%
STX	B	0.1%
XEL	C	0.1%
ETR	B	0.1%
APD	C	0.1%
CE	C	0.09%
ARW	C	0.09%
EMN	B	0.09%
KSS	C	0.09%
WY	D	0.09%
CBRE	D	0.09%
WEC	B	0.08%
AVT	A	0.08%
MRO	D	0.08%
DTE	B	0.08%
UHS	B	0.08%
X	F	0.08%
TXT	D	0.07%
DOV	B	0.07%
RSG	D	0.07%
CAG	C	0.07%
CINF	D	0.07%
OC	A	0.07%
KD	A	0.07%
USFD	B	0.07%
EVRG	B	0.07%
LEA	D	0.07%
NVR	D	0.07%
WSM	B	0.07%
VTR	B	0.07%
THC	A	0.07%
JLL	B	0.07%
M	C	0.07%
AES	B	0.07%
BALL	B	0.07%
OGN	B	0.07%
SWK	C	0.07%
APTV	C	0.07%
MOS	F	0.06%
FLEX	C	0.06%
BWA	C	0.06%
MAN	C	0.06%
AA	B	0.06%
JBL	F	0.06%
SJM	F	0.06%
K	B	0.06%
OVV	D	0.06%
DINO	D	0.06%
AZO	D	0.06%
AEE	C	0.06%
CHRW	C	0.06%
CMS	B	0.06%
TSCO	B	0.06%
CMA	B	0.06%
OMF	C	0.06%
HWM	B	0.06%
KMX	D	0.06%
LNC	B	0.06%
MHK	C	0.06%
PKG	D	0.06%
EME	B	0.06%
GPC	C	0.06%
WHR	F	0.06%
R	A	0.06%
CNP	B	0.06%
QRVO	F	0.05%
ALV	C	0.05%
ORI	A	0.05%
RJF	B	0.05%
BEN	F	0.05%
GT	C	0.05%
RGA	A	0.05%
DXC	F	0.05%
DKS	D	0.05%
JEF	B	0.05%
UGI	C	0.05%
LAD	D	0.05%
ZIM	B	0.05%
PFGC	D	0.05%
MOH	D	0.05%
CASY	B	0.05%
GEV	C	0.05%
AAP	D	0.05%
MKL	A	0.05%
GPS	D	0.05%
FANG	C	0.05%
TAP	D	0.05%
PVH	D	0.05%
AN	B	0.05%
CF	D	0.05%
BAP	C	0.05%
MLM	C	0.05%
HES	C	0.05%
UNM	B	0.05%
LKQ	F	0.05%
QRTEA	F	0.05%
TOL	B	0.05%
JNPR	D	0.05%
CSL	A	0.05%
ZION	B	0.05%
SOLV	C	0.05%
AGCO	D	0.04%
BCC	D	0.04%
ATO	C	0.04%
GEHC	D	0.04%
TPR	D	0.04%
CCK	C	0.04%
LPX	A	0.04%
BPOP	A	0.04%
OLN	C	0.04%
EVR	B	0.04%
PNR	B	0.04%
CLF	F	0.04%
FAF	D	0.04%
DOC	A	0.04%
PBF	F	0.04%
BERY	C	0.04%
HRL	C	0.04%
LNT	B	0.04%
THO	D	0.04%
DOX	F	0.04%
NWSA	C	0.04%
HUN	C	0.04%
MUSA	C	0.04%
APA	F	0.04%
SFM	A	0.04%
JBHT	F	0.04%
IVZ	C	0.04%
PNW	B	0.04%
NI	A	0.04%
GPI	A	0.04%
SLM	C	0.04%
CCEP	A	0.04%
VFC	F	0.04%
AYI	C	0.04%
ALSN	D	0.04%
LNG	D	0.04%
INGR	B	0.04%
HII	D	0.04%
WU	D	0.04%
OSK	C	0.04%
HSIC	D	0.04%
ICLR	D	0.03%
AXTA	A	0.03%
THG	B	0.03%
HBI	D	0.03%
GL	F	0.03%
CW	B	0.03%
MUR	D	0.03%
HOG	D	0.03%
EXP	B	0.03%
FTI	B	0.03%
SNX	A	0.03%
CPRT	D	0.03%
SKX	A	0.03%
CRBG	B	0.03%
CAR	D	0.03%
MLI	A	0.03%
JHG	A	0.03%
ARMK	A	0.03%
FYBR	B	0.03%
ETRN	B	0.03%
NOV	D	0.03%
LII	A	0.03%
AIZ	D	0.03%
NDAQ	D	0.03%
SAIC	B	0.03%
SWN	C	0.03%
ST	B	0.03%
EWBC	B	0.03%
ITT	B	0.03%
DAL	B	0.03%
BC	D	0.03%
KBH	B	0.03%
VOYA	B	0.03%
OGE	A	0.03%
AOS	C	0.03%
CC	C	0.03%
NVT	B	0.03%
PRGO	D	0.03%
SEE	C	0.03%
PK	D	0.03%
AR	B	0.03%
TPH	B	0.03%
RL	D	0.03%
SON	B	0.03%
RRX	D	0.03%
FHN	A	0.03%
FL	F	0.03%
NWL	C	0.03%
CMC	B	0.03%
SLG	B	0.03%
CACI	B	0.03%
NXST	B	0.03%
MTZ	C	0.03%
GNW	B	0.03%
GPK	C	0.03%
CPB	C	0.03%
VNO	D	0.03%
TDS	B	0.03%
SANM	B	0.03%
GNTX	D	0.03%
CLX	F	0.03%
UFPI	B	0.03%
WCC	B	0.03%
AMG	D	0.03%
HAS	C	0.03%
TMHC	B	0.03%
KNX	F	0.03%
MTH	A	0.03%
CNO	B	0.03%
WSO	A	0.03%
RPM	C	0.03%
ZBRA	A	0.03%
JXN	B	0.03%
CYH	C	0.02%
LW	F	0.02%
OI	F	0.02%
VSH	C	0.02%
MPW	C	0.02%
WERN	D	0.02%
GXO	C	0.02%
VAC	C	0.02%
POR	B	0.02%
MIDD	F	0.02%
MSM	D	0.02%
CHE	D	0.02%
RUSHA	D	0.02%
BLDR	D	0.02%
DK	D	0.02%
MMS	B	0.02%
ADNT	F	0.02%
HUBG	B	0.02%
EQT	B	0.02%
LILAK	C	0.02%
SPTN	C	0.02%
GNRC	B	0.02%
XRAY	F	0.02%
WLK	B	0.02%
BECN	B	0.02%
ASO	F	0.02%
TGNA	B	0.02%
CRI	F	0.02%
TTC	C	0.02%
WPC	C	0.02%
NFG	B	0.02%
BTU	D	0.02%
G	C	0.02%
CNX	B	0.02%
CBOE	D	0.02%
BRX	C	0.02%
PRI	D	0.02%
CPT	B	0.02%
TNL	C	0.02%
FLO	B	0.02%
TDY	D	0.02%
BJ	B	0.02%
ABM	C	0.02%
KBR	C	0.02%
BLD	C	0.02%
PAG	B	0.02%
REZI	C	0.02%
DAN	C	0.02%
UDR	B	0.02%
ODP	F	0.02%
STWD	B	0.02%
TPX	C	0.02%
TKR	B	0.02%
CPRI	F	0.02%
POST	B	0.02%
LUV	F	0.02%
FLR	D	0.02%
ABG	B	0.02%
MKSI	C	0.02%
NAVI	F	0.02%
ASGN	C	0.02%
AL	C	0.02%
HRB	B	0.02%
MSCI	F	0.02%
SM	C	0.02%
ATR	C	0.02%
MTG	B	0.02%
LECO	D	0.02%
AVTR	C	0.02%
EXPE	F	0.02%
AEO	B	0.02%
DCI	B	0.02%
CIEN	C	0.02%
LAMR	A	0.02%
PII	F	0.02%
SCI	D	0.02%
LSTR	C	0.02%
GDDY	B	0.02%
SNV	A	0.02%
JWN	B	0.02%
SEIC	D	0.02%
EHC	A	0.02%
MDU	C	0.02%
NSIT	A	0.02%
NYCB	D	0.01%
CHK	B	0.01%
ACI	C	0.01%
LEG	F	0.01%
PENN	F	0.01%
ARCH	F	0.01%
BIG	D	0.01%
UNFI	F	0.01%
ANDE	F	0.01%
HTZ	F	0.0%

FNDX Underweight 109 Positions Relative to CRBN

Symbol	Grade	Weight
NVO	B	-0.62%
NVS	B	-0.3%
BABA	C	-0.23%
MUFG	C	-0.21%
TPL	B	-0.2%
SONY	F	-0.19%
TS	D	-0.19%
DEO	D	-0.17%
SCCO	A	-0.16%
AXON	D	-0.15%
UL	A	-0.15%
FI	C	-0.15%
SMFG	C	-0.14%
ABNB	D	-0.13%
PDD	B	-0.13%
MELI	B	-0.13%
HEI	C	-0.12%
BCS	A	-0.12%
CNI	D	-0.12%
NMR	D	-0.09%
SMCI	D	-0.08%
VEEV	D	-0.08%
KB	B	-0.08%
MFG	C	-0.08%
CRWD	B	-0.07%
SHG	B	-0.07%
DXCM	D	-0.07%
LYG	A	-0.07%
VRT	B	-0.06%
GEN	B	-0.06%
PLTR	D	-0.06%
RCL	B	-0.06%
TTD	C	-0.06%
CELH	C	-0.05%
LI	F	-0.05%
RPRX	F	-0.05%
TEVA	A	-0.05%
DASH	D	-0.05%
SNOW	C	-0.05%
COIN	D	-0.05%
IBN	C	-0.05%
CSGP	D	-0.05%
FWONK	C	-0.04%
PTC	D	-0.04%
PAYC	F	-0.04%
ENPH	D	-0.04%
MPWR	B	-0.04%
KVUE	C	-0.04%
HDB	D	-0.04%
CPAY	D	-0.04%
COO	D	-0.04%
BIDU	D	-0.04%
WDAY	F	-0.04%
STM	F	-0.04%
FICO	A	-0.04%
PINS	B	-0.03%
ROL	B	-0.03%
DDOG	D	-0.03%
TEAM	F	-0.03%
WIT	D	-0.03%
DKNG	C	-0.03%
CHT	C	-0.03%
LSXMK	F	-0.03%
ZM	D	-0.02%
NIO	D	-0.02%
ENTG	D	-0.02%
SIRI	F	-0.02%
PCTY	D	-0.02%
SE	C	-0.02%
GIB	F	-0.02%
SNAP	C	-0.02%
ETSY	F	-0.02%
Z	F	-0.02%
TCOM	A	-0.02%
DAY	F	-0.02%
RIVN	D	-0.02%
MDB	F	-0.02%
UTHR	A	-0.02%
NLY	A	-0.02%
WYNN	D	-0.02%
TME	B	-0.01%
ALNY	F	-0.01%
OKTA	D	-0.01%
MTCH	F	-0.01%
EXAS	F	-0.01%
LYV	D	-0.01%
XPEV	F	-0.01%
INCY	D	-0.01%
NET	F	-0.01%
PODD	D	-0.01%
RBLX	F	-0.01%
MNSO	C	-0.01%
RVTY	C	-0.01%
MKTX	F	-0.01%
QFIN	B	-0.01%
TAL	C	-0.01%
TW	B	-0.01%
ERIE	D	-0.01%
GRAB	B	-0.01%
HUBS	D	-0.01%
AZPN	C	-0.01%
UMC	B	-0.01%
LBRDK	D	-0.01%
LSCC	F	-0.01%
ZS	F	-0.0%
HTHT	C	-0.0%
ZTO	C	-0.0%
FUTU	B	-0.0%
ROKU	D	-0.0%