FNDX vs. CSM ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to ProShares Large Cap Core Plus (CSM)

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

$24.64

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.45

Average Daily Volume

7,564

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	CSM
30 Days	2.37%	1.58%
60 Days	4.07%	4.40%
90 Days	5.72%	6.04%
12 Months	28.68%	31.77%

289 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in CSM	Overlap
	A	D	0.05%	0.29%	0.05%
	AAPL	C	4.35%	4.66%	4.35%
	ABBV	F	0.49%	0.35%	0.35%
	ABT	B	0.34%	0.06%	0.06%
	ACGL	C	0.03%	0.3%	0.03%
	ACN	B	0.36%	0.05%	0.05%
	ADBE	C	0.2%	0.52%	0.2%
	ADSK	A	0.03%	0.17%	0.03%
	AES	F	0.05%	0.19%	0.05%
	AIZ	A	0.03%	0.32%	0.03%
	AKAM	D	0.03%	0.19%	0.03%
	ALL	A	0.27%	0.38%	0.27%
	ALLE	C	0.01%	0.11%	0.01%
	AMAT	F	0.24%	0.21%	0.21%
	AMD	F	0.09%	0.15%	0.09%
	AME	A	0.05%	0.38%	0.05%
	AMGN	F	0.39%	0.04%	0.04%
	AMZN	C	1.56%	2.77%	1.56%
	ANET	C	0.04%	0.31%	0.04%
	AOS	F	0.02%	0.06%	0.02%
	APA	D	0.03%	0.21%	0.03%
	APD	A	0.13%	0.35%	0.13%
	APH	A	0.09%	0.44%	0.09%
	APTV	F	0.02%	0.2%	0.02%
	ARE	F	0.03%	0.03%	0.03%
	AVB	B	0.05%	0.35%	0.05%
	AVGO	D	0.61%	1.22%	0.61%
	BAC	A	1.3%	0.29%	0.29%
	BAX	F	0.07%	0.25%	0.07%
	BBY	D	0.16%	0.26%	0.16%
	BDX	F	0.11%	0.37%	0.11%
	BEN	C	0.04%	0.32%	0.04%
	BG	D	0.1%	0.24%	0.1%
	BIIB	F	0.09%	0.14%	0.09%
	BK	A	0.26%	0.13%	0.13%
	BKR	A	0.16%	0.39%	0.16%
	BLDR	D	0.06%	0.16%	0.06%
	BMY	B	0.45%	0.49%	0.45%
	BRK.A	B	2.17%	0.96%	0.96%
	BRO	B	0.02%	0.34%	0.02%
	BWA	D	0.05%	0.15%	0.05%
	BX	A	0.13%	0.18%	0.13%
	CAG	F	0.06%	0.1%	0.06%
	CAH	B	0.07%	0.34%	0.07%
	CBOE	C	0.01%	0.28%	0.01%
	CBRE	B	0.13%	0.35%	0.13%
	CCL	A	0.06%	0.38%	0.06%
	CDNS	B	0.03%	0.35%	0.03%
	CE	F	0.03%	0.16%	0.03%
	CFG	B	0.1%	0.19%	0.1%
	CHD	A	0.04%	0.06%	0.04%
	CI	D	0.48%	0.38%	0.38%
	CLX	A	0.04%	0.06%	0.04%
	CMCSA	B	0.83%	0.23%	0.23%
	CME	B	0.08%	0.4%	0.08%
	CMG	B	0.04%	0.04%	0.04%
	CNC	D	0.19%	0.26%	0.19%
	CNP	A	0.06%	0.32%	0.06%
	COF	C	0.48%	0.27%	0.27%
	COR	B	0.02%	0.33%	0.02%
	COST	A	0.66%	0.32%	0.32%
	CPB	D	0.03%	0.09%	0.03%
	CPT	B	0.02%	0.29%	0.02%
	CRL	D	0.01%	0.28%	0.01%
	CRM	B	0.15%	0.83%	0.15%
	CSCO	B	0.82%	0.04%	0.04%
	CSX	C	0.22%	0.25%	0.22%
	CTSH	B	0.19%	0.35%	0.19%
	CTVA	C	0.09%	0.1%	0.09%
	CVS	D	0.68%	0.2%	0.2%
	CVX	A	1.25%	0.09%	0.09%
	DFS	B	0.26%	0.18%	0.18%
	DG	F	0.08%	0.22%	0.08%
	DHI	F	0.16%	0.23%	0.16%
	DHR	F	0.15%	0.03%	0.03%
	DIS	B	0.45%	0.1%	0.1%
	DLR	B	0.08%	0.07%	0.07%
	DOC	C	0.03%	0.21%	0.03%
	DPZ	C	0.03%	0.05%	0.03%
	DTE	C	0.07%	0.3%	0.07%
	DUK	C	0.3%	0.34%	0.3%
	DVN	F	0.09%	0.3%	0.09%
	EA	A	0.09%	0.2%	0.09%
	EBAY	D	0.17%	0.07%	0.07%
	EG	C	0.02%	0.25%	0.02%
	EIX	B	0.1%	0.32%	0.1%
	EL	F	0.03%	0.21%	0.03%
	EMN	C	0.08%	0.28%	0.08%
	EMR	B	0.17%	0.22%	0.17%
	EPAM	B	0.02%	0.05%	0.02%
	EQIX	A	0.08%	0.26%	0.08%
	EQR	C	0.05%	0.33%	0.05%
	ETN	A	0.23%	0.42%	0.23%
	ETR	B	0.12%	0.37%	0.12%
	EXC	C	0.17%	0.29%	0.17%
	F	C	0.33%	0.15%	0.15%
	FANG	C	0.05%	0.32%	0.05%
	FAST	B	0.07%	0.04%	0.04%
	FCX	F	0.14%	0.12%	0.12%
	FDX	B	0.32%	0.29%	0.29%
	FE	C	0.09%	0.1%	0.09%
	FFIV	B	0.03%	0.34%	0.03%
	FIS	C	0.12%	0.07%	0.07%
	FITB	B	0.13%	0.15%	0.13%
	FMC	D	0.03%	0.03%	0.03%
	FOXA	A	0.1%	0.26%	0.1%
	FSLR	F	0.01%	0.1%	0.01%
	FTNT	C	0.03%	0.33%	0.03%
	FTV	C	0.03%	0.07%	0.03%
	GDDY	A	0.03%	0.37%	0.03%
	GE	D	0.15%	0.57%	0.15%
	GEHC	D	0.09%	0.2%	0.09%
	GEN	B	0.04%	0.18%	0.04%
	GILD	C	0.37%	0.24%	0.24%
	GL	C	0.03%	0.21%	0.03%
	GM	C	0.79%	0.4%	0.4%
	GOOG	C	1.14%	1.02%	1.02%
	GOOGL	C	1.33%	1.27%	1.27%
	GPC	D	0.05%	0.14%	0.05%
	GRMN	B	0.03%	0.37%	0.03%
	HAL	C	0.06%	0.23%	0.06%
	HBAN	A	0.08%	0.28%	0.08%
	HCA	F	0.2%	0.15%	0.15%
	HD	B	0.8%	0.31%	0.31%
	HES	B	0.06%	0.14%	0.06%
	HIG	B	0.14%	0.33%	0.14%
	HII	F	0.03%	0.24%	0.03%
	HOLX	D	0.04%	0.11%	0.04%
	HPQ	B	0.21%	0.29%	0.21%
	HRL	D	0.03%	0.06%	0.03%
	HST	C	0.04%	0.31%	0.04%
	HWM	A	0.07%	0.39%	0.07%
	IBM	C	0.54%	0.03%	0.03%
	IEX	C	0.03%	0.29%	0.03%
	INTC	C	0.89%	0.25%	0.25%
	INTU	B	0.11%	0.58%	0.11%
	INVH	D	0.03%	0.28%	0.03%
	IP	A	0.17%	0.06%	0.06%
	IPG	D	0.04%	0.12%	0.04%
	IQV	F	0.07%	0.25%	0.07%
	IR	B	0.03%	0.33%	0.03%
	ISRG	A	0.09%	0.09%	0.09%
	IVZ	B	0.05%	0.29%	0.05%
	J	D	0.05%	0.04%	0.04%
	JBL	C	0.06%	0.08%	0.06%
	JKHY	D	0.02%	0.12%	0.02%
	JNJ	C	0.89%	0.4%	0.4%
	JPM	A	2.03%	0.69%	0.69%
	KDP	F	0.07%	0.12%	0.07%
	KHC	F	0.09%	0.11%	0.09%
	KMB	C	0.1%	0.32%	0.1%
	KMI	A	0.23%	0.12%	0.12%
	KMX	B	0.06%	0.21%	0.06%
	KO	D	0.35%	0.12%	0.12%
	KR	B	0.3%	0.36%	0.3%
	L	A	0.05%	0.33%	0.05%
	LDOS	C	0.07%	0.37%	0.07%
	LEN	D	0.16%	0.32%	0.16%
	LIN	C	0.33%	0.08%	0.08%
	LKQ	F	0.05%	0.1%	0.05%
	LLY	F	0.2%	0.91%	0.2%
	LMT	D	0.37%	0.2%	0.2%
	LOW	C	0.43%	0.04%	0.04%
	LRCX	F	0.15%	0.17%	0.15%
	LULU	C	0.01%	0.09%	0.01%
	LYB	F	0.14%	0.27%	0.14%
	MA	B	0.29%	0.38%	0.29%
	MAA	B	0.03%	0.28%	0.03%
	MAR	A	0.09%	0.09%	0.09%
	MAS	D	0.05%	0.04%	0.04%
	MCD	D	0.34%	0.03%	0.03%
	MCK	A	0.11%	0.45%	0.11%
	MCO	B	0.07%	0.36%	0.07%
	MDT	D	0.16%	0.25%	0.16%
	MET	A	0.26%	0.24%	0.24%
	META	D	1.79%	1.6%	1.6%
	MGM	D	0.06%	0.18%	0.06%
	MKC	C	0.03%	0.05%	0.03%
	MMC	B	0.14%	0.04%	0.04%
	MOH	F	0.05%	0.16%	0.05%
	MRK	D	0.42%	0.62%	0.42%
	MSCI	C	0.03%	0.15%	0.03%
	MSFT	D	2.43%	4.32%	2.43%
	MSI	B	0.07%	0.23%	0.07%
	MTB	A	0.11%	0.34%	0.11%
	MTD	F	0.03%	0.28%	0.03%
	MU	D	0.38%	0.44%	0.38%
	NEM	D	0.13%	0.09%	0.09%
	NFLX	A	0.17%	0.46%	0.17%
	NI	A	0.05%	0.21%	0.05%
	NOC	D	0.2%	0.38%	0.2%
	NOW	A	0.01%	0.14%	0.01%
	NRG	B	0.1%	0.33%	0.1%
	NTRS	A	0.08%	0.29%	0.08%
	NUE	C	0.19%	0.08%	0.08%
	NVDA	B	0.4%	4.99%	0.4%
	NWSA	A	0.04%	0.12%	0.04%
	OKE	A	0.14%	0.18%	0.14%
	OMC	C	0.08%	0.23%	0.08%
	ON	D	0.04%	0.12%	0.04%
	ORCL	A	0.5%	0.13%	0.13%
	OTIS	C	0.05%	0.32%	0.05%
	PANW	B	0.03%	0.2%	0.03%
	PARA	C	0.11%	0.19%	0.11%
	PAYX	B	0.06%	0.07%	0.06%
	PCG	A	0.03%	0.29%	0.03%
	PEP	F	0.41%	0.32%	0.32%
	PFE	F	0.68%	0.12%	0.12%
	PFG	D	0.09%	0.11%	0.09%
	PG	C	0.77%	0.4%	0.4%
	PGR	A	0.23%	0.23%	0.23%
	PH	A	0.13%	0.45%	0.13%
	PHM	D	0.11%	0.3%	0.11%
	PKG	A	0.07%	0.05%	0.05%
	PLD	F	0.07%	0.33%	0.07%
	PM	B	0.48%	0.04%	0.04%
	PNR	A	0.04%	0.33%	0.04%
	PNW	A	0.04%	0.13%	0.04%
	PPG	F	0.08%	0.23%	0.08%
	PRU	A	0.22%	0.29%	0.22%
	PSA	C	0.05%	0.14%	0.05%
	PSX	C	0.36%	0.12%	0.12%
	PYPL	B	0.22%	0.25%	0.22%
	QCOM	F	0.43%	0.5%	0.43%
	QRVO	F	0.03%	0.19%	0.03%
	REG	A	0.02%	0.2%	0.02%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.05%	0.4%	0.05%
	RL	C	0.03%	0.32%	0.03%
	RMD	C	0.03%	0.2%	0.03%
	ROP	B	0.05%	0.12%	0.05%
	ROST	D	0.07%	0.04%	0.04%
	RSG	A	0.06%	0.34%	0.06%
	SJM	D	0.05%	0.18%	0.05%
	SLB	C	0.12%	0.31%	0.12%
	SNA	A	0.06%	0.39%	0.06%
	SNPS	B	0.03%	0.42%	0.03%
	SO	C	0.26%	0.26%	0.26%
	SPG	A	0.1%	0.14%	0.1%
	STE	D	0.03%	0.31%	0.03%
	STLD	B	0.11%	0.14%	0.11%
	STX	C	0.09%	0.28%	0.09%
	SWK	D	0.07%	0.25%	0.07%
	SWKS	F	0.04%	0.2%	0.04%
	SYF	B	0.34%	0.39%	0.34%
	SYY	D	0.1%	0.13%	0.1%
	T	A	1.27%	0.2%	0.2%
	TAP	C	0.05%	0.34%	0.05%
	TDY	B	0.03%	0.13%	0.03%
	TFX	F	0.02%	0.21%	0.02%
	TGT	F	0.38%	0.33%	0.33%
	TJX	A	0.22%	0.48%	0.22%
	TMO	F	0.25%	0.55%	0.25%
	TMUS	B	0.25%	0.5%	0.25%
	TPR	B	0.05%	0.16%	0.05%
	TRGP	A	0.07%	0.4%	0.07%
	TRMB	B	0.03%	0.05%	0.03%
	TROW	B	0.13%	0.35%	0.13%
	TRV	B	0.31%	0.11%	0.11%
	TSLA	B	0.28%	0.97%	0.28%
	TSN	B	0.2%	0.34%	0.2%
	TT	A	0.06%	0.43%	0.06%
	TXT	D	0.06%	0.26%	0.06%
	UBER	F	0.04%	0.39%	0.04%
	UHS	D	0.08%	0.29%	0.08%
	UNH	B	1.22%	0.52%	0.52%
	URI	C	0.13%	0.13%	0.13%
	V	A	0.36%	0.43%	0.36%
	VICI	C	0.02%	0.33%	0.02%
	VLO	C	0.39%	0.08%	0.08%
	VRSN	C	0.01%	0.25%	0.01%
	VRTX	D	0.07%	0.46%	0.07%
	VTR	B	0.08%	0.31%	0.08%
	VTRS	A	0.1%	0.29%	0.1%
	VZ	C	1.13%	0.05%	0.05%
	WAB	B	0.06%	0.26%	0.06%
	WBA	F	0.17%	0.15%	0.15%
	WDC	D	0.12%	0.22%	0.12%
	WELL	A	0.1%	0.42%	0.1%
	WFC	A	1.35%	0.15%	0.15%
	WM	B	0.15%	0.04%	0.04%
	WMT	A	1.47%	0.24%	0.24%
	WRB	A	0.03%	0.08%	0.03%
	WTW	B	0.07%	0.14%	0.07%
	WY	F	0.09%	0.3%	0.09%
	XEL	A	0.12%	0.35%	0.12%
	XOM	B	1.99%	0.51%	0.51%
	XYL	D	0.03%	0.26%	0.03%
	ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 432 Positions Relative to CSM

	Symbol	Grade	Weight
	C	A	1.1%
	LUMN	C	0.65%
	GS	A	0.62%
	COP	C	0.48%
	MS	A	0.46%
	CAT	B	0.41%
	MPC	D	0.4%
	HON	C	0.37%
	MO	A	0.37%
	AXP	A	0.36%
	ELV	F	0.36%
	CHTR	C	0.35%
	MMM	D	0.35%
	UNP	C	0.35%
	RTX	D	0.34%
	TXN	C	0.34%
	USB	A	0.32%
	PNC	B	0.3%
	BLK	B	0.28%
	AIG	B	0.28%
	SBUX	A	0.28%
	UPS	C	0.28%
	CB	C	0.26%
	NEE	C	0.24%
	BKNG	A	0.24%
	TFC	A	0.23%
	DE	B	0.23%
	EOG	A	0.23%
	ADM	D	0.21%
	AFL	B	0.21%
	NSC	B	0.21%
	GD	D	0.21%
	HPE	B	0.21%
	MDLZ	F	0.2%
	HUM	C	0.19%
	NKE	F	0.19%
	CMI	A	0.19%
	DOW	F	0.18%
	WMB	A	0.17%
	D	C	0.17%
	DD	C	0.17%
	AEP	C	0.16%
	VST	A	0.16%
	LHX	C	0.16%
	JCI	B	0.16%
	AMP	A	0.15%
	SPGI	C	0.15%
	ADP	A	0.15%
	ITW	B	0.15%
	PCAR	B	0.15%
	GLW	B	0.14%
	CL	D	0.13%
	SCHW	B	0.13%
	SYK	B	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	FI	A	0.13%
	ED	C	0.12%
	CARR	C	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	PEG	A	0.11%
	OXY	D	0.11%
	PPL	A	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	AMT	C	0.11%
	GIS	D	0.11%
	ALLY	C	0.1%
	REGN	F	0.1%
	STT	B	0.1%
	CEG	C	0.1%
	KEY	B	0.1%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	RS	B	0.09%
	BSX	A	0.09%
	CCI	C	0.09%
	LH	B	0.09%
	ARW	D	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	B	0.08%
	YUM	D	0.08%
	WHR	B	0.08%
	ES	C	0.08%
	KLAC	F	0.08%
	GWW	B	0.08%
	WEC	A	0.08%
	WKC	C	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	JLL	D	0.08%
	WBD	B	0.08%
	SHW	B	0.08%
	K	A	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	CMA	B	0.07%
	CF	A	0.07%
	AEE	A	0.07%
	DGX	A	0.07%
	THC	D	0.07%
	NTAP	C	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	PWR	A	0.07%
	R	B	0.07%
	CINF	A	0.07%
	X	B	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	OVV	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	ODFL	C	0.06%
	DVA	C	0.06%
	TSCO	D	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	ROK	C	0.06%
	BALL	F	0.06%
	UNM	A	0.06%
	AZO	C	0.06%
	CMS	C	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	LNG	A	0.06%
	FLEX	B	0.06%
	IRM	C	0.06%
	PFGC	B	0.06%
	HLT	A	0.06%
	EME	A	0.06%
	FNF	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ZBH	C	0.05%
	ORI	A	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	MCHP	F	0.05%
	IFF	D	0.05%
	JNPR	D	0.05%
	DRI	B	0.05%
	AJG	A	0.05%
	AN	C	0.05%
	BXP	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	C	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	SFM	A	0.05%
	BFH	C	0.05%
	LNC	C	0.05%
	KVUE	A	0.05%
	O	C	0.04%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	SSNC	B	0.04%
	TER	F	0.04%
	OSK	C	0.04%
	AVY	F	0.04%
	AMG	B	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	C	0.04%
	LVS	B	0.04%
	FYBR	C	0.04%
	RPM	A	0.04%
	HSY	F	0.04%
	CNO	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	EXPD	C	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	CCK	D	0.04%
	WAT	C	0.04%
	ZBRA	B	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	RHI	C	0.04%
	HSIC	C	0.04%
	AWK	C	0.04%
	EW	C	0.04%
	LNT	A	0.04%
	FAF	A	0.04%
	MUSA	B	0.04%
	BERY	C	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	C	0.04%
	WSM	C	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	EQT	B	0.04%
	MLM	C	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	UGI	C	0.04%
	CDW	F	0.04%
	DELL	B	0.03%
	EXP	B	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	B	0.03%
	AR	B	0.03%
	SCI	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	CPRT	B	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	A	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	B	0.03%
	ILMN	C	0.03%
	CW	C	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	C	0.03%
	APO	B	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	ALB	B	0.03%
	SEIC	B	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	AMCR	C	0.03%
	ARMK	B	0.03%
	EFX	F	0.03%
	DAL	B	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	C	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	WU	F	0.03%
	CIEN	C	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	BAH	F	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	MLI	B	0.03%
	HUBB	B	0.03%
	BR	A	0.03%
	WLK	D	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	B	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	A	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	C	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ANSS	B	0.02%
	ASGN	F	0.02%
	SBAC	D	0.02%
	NAVI	F	0.02%
	SM	B	0.02%
	NDSN	B	0.02%
	WST	C	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	F	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	C	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	HOG	D	0.02%
	POOL	C	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	C	0.02%
	PK	C	0.02%
	BRX	A	0.02%
	UDR	B	0.02%
	MTG	C	0.02%
	ABM	B	0.02%
	DAR	C	0.02%
	ATR	B	0.02%
	BJ	A	0.02%
	EHC	B	0.02%
	RUSHA	C	0.02%
	SAIC	F	0.02%
	REZI	A	0.02%
	GNRC	C	0.02%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	LUV	C	0.02%
	SOLV	D	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	DBX	B	0.01%
	ICLR	D	0.01%
	WTRG	B	0.01%
	MSM	C	0.01%
	SPTN	D	0.01%
	CHE	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	B	0.01%
	BLD	D	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	D	0.01%
	HRB	D	0.01%
	XRAY	F	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	UNFI	A	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 18 Positions Relative to CSM

	Symbol	Grade	Weight
	UAL	A	-0.42%
	RCL	A	-0.42%
	INCY	C	-0.36%
	LYV	A	-0.35%
	NCLH	B	-0.35%
	PAYC	B	-0.32%
	FRT	B	-0.3%
	ROL	B	-0.26%
	CRWD	B	-0.19%
	ABNB	C	-0.16%
	DAY	B	-0.09%
	DXCM	C	-0.08%
	MTCH	D	-0.07%
	CSGP	D	-0.04%
	PTC	B	-0.04%
	WYNN	C	-0.04%
	FDS	B	-0.04%
	SMCI	F	-0.03%

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

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Semiconductors Diagnostics & Research Medical Instruments & Supplies Utilities - Regulated Electric Asset Management Credit Services Internet Content & Information Packaged Foods Banks - Regional - US Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense Business Services

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Insurance Electronics Electricity Real Estate Investment Trust Bank Aerospace Banking Medicine Mobile Devices Telecommunications Chemical Work From Home Petroleum Industry Transport Disability