FNDX vs. DFLV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Dimensional US Large Cap Value ETF (DFLV)

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

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

326,007

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	DFLV
30 Days	3.67%	4.48%
60 Days	4.58%	5.88%
90 Days	6.53%	7.25%
12 Months	29.67%	30.40%

305 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in DFLV	Overlap
ABT	B	0.34%	0.85%	0.34%
ACGL	D	0.03%	0.4%	0.03%
ACI	C	0.03%	0.07%	0.03%
ACM	A	0.05%	0.0%	0.0%
ADI	D	0.13%	0.65%	0.13%
ADM	D	0.21%	0.09%	0.09%
AFG	A	0.05%	0.01%	0.01%
AFL	B	0.21%	0.27%	0.21%
AIG	B	0.28%	0.54%	0.28%
AKAM	D	0.03%	0.14%	0.03%
ALGN	D	0.02%	0.0%	0.0%
ALL	A	0.27%	0.16%	0.16%
ALLY	C	0.1%	0.04%	0.04%
ALV	C	0.02%	0.0%	0.0%
AMCR	D	0.03%	0.13%	0.03%
AMD	F	0.09%	0.53%	0.09%
AME	A	0.05%	0.42%	0.05%
APD	A	0.13%	0.46%	0.13%
APTV	D	0.02%	0.09%	0.02%
AR	B	0.03%	0.01%	0.01%
ARMK	B	0.03%	0.02%	0.02%
ARW	D	0.08%	0.0%	0.0%
AVTR	F	0.02%	0.08%	0.02%
BAC	A	1.3%	1.01%	1.01%
BALL	D	0.06%	0.21%	0.06%
BAX	D	0.07%	0.05%	0.05%
BBY	D	0.16%	0.01%	0.01%
BDX	F	0.11%	0.44%	0.11%
BG	F	0.1%	0.13%	0.1%
BIIB	F	0.09%	0.14%	0.09%
BK	A	0.26%	0.71%	0.26%
BKR	B	0.16%	0.58%	0.16%
BLD	D	0.01%	0.02%	0.01%
BLDR	D	0.06%	0.28%	0.06%
BLK	C	0.28%	0.08%	0.08%
BMY	B	0.45%	0.41%	0.41%
BRK.A	B	2.17%	2.15%	2.15%
BSX	B	0.09%	0.01%	0.01%
BWA	D	0.05%	0.1%	0.05%
C	A	1.1%	0.39%	0.39%
CAG	D	0.06%	0.06%	0.06%
CARR	D	0.12%	0.29%	0.12%
CASY	A	0.05%	0.09%	0.05%
CB	C	0.26%	0.6%	0.26%
CBRE	B	0.13%	0.49%	0.13%
CCK	C	0.04%	0.02%	0.02%
CCL	B	0.06%	0.04%	0.04%
CE	F	0.03%	0.07%	0.03%
CF	B	0.07%	0.18%	0.07%
CFG	B	0.1%	0.04%	0.04%
CG	A	0.03%	0.0%	0.0%
CHD	B	0.04%	0.02%	0.02%
CHTR	C	0.35%	0.03%	0.03%
CI	F	0.48%	0.73%	0.48%
CINF	A	0.07%	0.06%	0.06%
CMCSA	B	0.83%	1.52%	0.83%
CME	A	0.08%	0.04%	0.04%
CMI	A	0.19%	0.74%	0.19%
CNC	D	0.19%	0.27%	0.19%
CNH	C	0.02%	0.01%	0.01%
COF	B	0.48%	0.47%	0.47%
COP	C	0.48%	1.25%	0.48%
CPB	D	0.03%	0.13%	0.03%
CRBG	B	0.04%	0.09%	0.04%
CRL	C	0.01%	0.07%	0.01%
CRM	B	0.15%	1.39%	0.15%
CSCO	B	0.82%	1.73%	0.82%
CSL	C	0.05%	0.17%	0.05%
CSX	B	0.22%	0.36%	0.22%
CTRA	B	0.03%	0.19%	0.03%
CTSH	B	0.19%	0.64%	0.19%
CTVA	C	0.09%	0.19%	0.09%
CVS	D	0.68%	0.35%	0.35%
CVX	A	1.25%	2.12%	1.25%
CW	B	0.03%	0.0%	0.0%
CZR	F	0.02%	0.0%	0.0%
DAL	C	0.03%	0.56%	0.03%
DAR	C	0.02%	0.04%	0.02%
DD	D	0.17%	0.2%	0.17%
DE	A	0.23%	0.61%	0.23%
DFS	B	0.26%	0.66%	0.26%
DG	F	0.08%	0.03%	0.03%
DGX	A	0.07%	0.25%	0.07%
DHI	D	0.16%	0.38%	0.16%
DHR	F	0.15%	0.72%	0.15%
DINO	D	0.05%	0.03%	0.03%
DIS	B	0.45%	0.48%	0.45%
DKS	C	0.04%	0.02%	0.02%
DLTR	F	0.05%	0.12%	0.05%
DOV	A	0.06%	0.35%	0.06%
DOW	F	0.18%	0.66%	0.18%
DOX	D	0.04%	0.33%	0.04%
DVN	F	0.09%	0.28%	0.09%
EA	A	0.09%	0.37%	0.09%
EBAY	D	0.17%	0.47%	0.17%
EG	C	0.02%	0.34%	0.02%
ELV	F	0.36%	0.79%	0.36%
EMN	D	0.08%	0.14%	0.08%
EMR	A	0.17%	0.28%	0.17%
EOG	A	0.23%	0.5%	0.23%
EPAM	C	0.02%	0.03%	0.02%
EQT	B	0.04%	0.07%	0.04%
ETN	A	0.23%	0.44%	0.23%
EW	C	0.04%	0.14%	0.04%
EWBC	A	0.03%	0.03%	0.03%
F	C	0.33%	0.53%	0.33%
FANG	D	0.05%	0.58%	0.05%
FBIN	D	0.04%	0.02%	0.02%
FCNCA	A	0.02%	0.19%	0.02%
FCX	D	0.14%	0.44%	0.14%
FDX	B	0.32%	0.6%	0.32%
FFIV	B	0.03%	0.06%	0.03%
FI	A	0.13%	0.37%	0.13%
FIS	C	0.12%	0.41%	0.12%
FITB	A	0.13%	0.4%	0.13%
FLEX	A	0.06%	0.11%	0.06%
FNF	B	0.06%	0.07%	0.06%
FOXA	B	0.1%	0.12%	0.1%
FSLR	F	0.01%	0.2%	0.01%
FTV	C	0.03%	0.18%	0.03%
GD	F	0.21%	0.47%	0.21%
GEHC	F	0.09%	0.42%	0.09%
GGG	B	0.02%	0.01%	0.01%
GILD	C	0.37%	0.76%	0.37%
GIS	D	0.11%	0.5%	0.11%
GL	B	0.03%	0.06%	0.03%
GLW	B	0.14%	0.75%	0.14%
GM	B	0.79%	0.9%	0.79%
GNTX	C	0.03%	0.0%	0.0%
GPC	D	0.05%	0.15%	0.05%
GPN	B	0.09%	0.15%	0.09%
GRMN	B	0.03%	0.47%	0.03%
GS	A	0.62%	1.15%	0.62%
GXO	B	0.02%	0.0%	0.0%
HAL	C	0.06%	0.25%	0.06%
HAS	D	0.03%	0.0%	0.0%
HBAN	A	0.08%	0.12%	0.08%
HES	B	0.06%	0.07%	0.06%
HIG	B	0.14%	0.64%	0.14%
HII	D	0.03%	0.02%	0.02%
HOLX	D	0.04%	0.15%	0.04%
HPE	B	0.21%	0.34%	0.21%
HPQ	B	0.21%	0.27%	0.21%
HRL	D	0.03%	0.06%	0.03%
HSIC	B	0.04%	0.02%	0.02%
HUM	C	0.19%	0.11%	0.11%
ICE	C	0.11%	0.02%	0.02%
ICLR	D	0.01%	0.03%	0.01%
IEX	B	0.03%	0.05%	0.03%
IFF	D	0.05%	0.09%	0.05%
ILMN	D	0.03%	0.01%	0.01%
INTC	D	0.89%	0.33%	0.33%
IP	B	0.17%	0.15%	0.15%
IPG	D	0.04%	0.06%	0.04%
IQV	D	0.07%	0.01%	0.01%
IR	B	0.03%	0.53%	0.03%
IVZ	B	0.05%	0.01%	0.01%
J	F	0.05%	0.1%	0.05%
JBHT	C	0.05%	0.1%	0.05%
JBL	B	0.06%	0.04%	0.04%
JCI	C	0.16%	0.6%	0.16%
JLL	D	0.08%	0.07%	0.07%
JNJ	D	0.89%	1.13%	0.89%
JNPR	F	0.05%	0.09%	0.05%
JPM	A	2.03%	5.12%	2.03%
KDP	D	0.07%	0.31%	0.07%
KEY	B	0.1%	0.07%	0.07%
KEYS	A	0.04%	0.21%	0.04%
KHC	F	0.09%	0.16%	0.09%
KMI	A	0.23%	0.37%	0.23%
KMX	B	0.06%	0.01%	0.01%
KNX	B	0.04%	0.01%	0.01%
KR	B	0.3%	0.66%	0.3%
KVUE	A	0.05%	0.4%	0.05%
L	A	0.05%	0.3%	0.05%
LDOS	C	0.07%	0.19%	0.07%
LEA	D	0.05%	0.01%	0.01%
LEN	D	0.16%	0.0%	0.0%
LEN	D	0.16%	0.48%	0.16%
LH	C	0.09%	0.43%	0.09%
LHX	C	0.16%	0.33%	0.16%
LIN	D	0.33%	0.58%	0.33%
LKQ	D	0.05%	0.07%	0.05%
LUV	C	0.02%	0.11%	0.02%
LYB	F	0.14%	0.44%	0.14%
MDLZ	F	0.2%	0.62%	0.2%
MDT	D	0.16%	0.66%	0.16%
MET	A	0.26%	0.42%	0.26%
MHK	D	0.06%	0.01%	0.01%
MKC	D	0.03%	0.05%	0.03%
MKL	A	0.05%	0.12%	0.05%
MLM	B	0.04%	0.52%	0.04%
MNST	C	0.05%	0.0%	0.0%
MOH	F	0.05%	0.12%	0.05%
MOS	F	0.06%	0.01%	0.01%
MPC	D	0.4%	0.5%	0.4%
MRK	F	0.42%	0.02%	0.02%
MRNA	F	0.03%	0.04%	0.03%
MRO	B	0.09%	0.09%	0.09%
MRVL	B	0.04%	0.2%	0.04%
MS	A	0.46%	1.0%	0.46%
MTB	A	0.11%	0.23%	0.11%
MU	D	0.38%	0.34%	0.34%
NDAQ	A	0.03%	0.0%	0.0%
NDSN	B	0.02%	0.04%	0.02%
NEM	D	0.13%	0.3%	0.13%
NOC	D	0.2%	0.31%	0.2%
NRG	B	0.1%	0.17%	0.1%
NSC	B	0.21%	0.58%	0.21%
NTRS	A	0.08%	0.11%	0.08%
NUE	C	0.19%	0.69%	0.19%
NVT	B	0.02%	0.01%	0.01%
NWSA	B	0.04%	0.07%	0.04%
OC	A	0.07%	0.31%	0.07%
OKE	A	0.14%	0.33%	0.14%
OMC	C	0.08%	0.16%	0.08%
ON	D	0.04%	0.25%	0.04%
OTIS	C	0.05%	0.19%	0.05%
OVV	B	0.06%	0.08%	0.06%
OXY	D	0.11%	0.14%	0.11%
PAG	B	0.02%	0.01%	0.01%
PCAR	B	0.15%	0.82%	0.15%
PFE	D	0.68%	0.32%	0.32%
PFG	D	0.09%	0.18%	0.09%
PFGC	B	0.06%	0.08%	0.06%
PH	A	0.13%	0.24%	0.13%
PHM	D	0.11%	0.5%	0.11%
PKG	A	0.07%	0.25%	0.07%
PNC	B	0.3%	0.25%	0.25%
PNR	A	0.04%	0.26%	0.04%
PPG	F	0.08%	0.35%	0.08%
PRU	A	0.22%	0.57%	0.22%
PSX	C	0.36%	0.5%	0.36%
PWR	A	0.07%	0.29%	0.07%
PYPL	B	0.22%	0.25%	0.22%
QRVO	F	0.03%	0.01%	0.01%
REGN	F	0.1%	0.42%	0.1%
RF	A	0.09%	0.5%	0.09%
RGA	A	0.04%	0.03%	0.03%
RJF	A	0.05%	0.41%	0.05%
ROP	B	0.05%	0.11%	0.05%
RS	B	0.09%	0.19%	0.09%
RSG	A	0.06%	0.13%	0.06%
RTX	C	0.34%	0.76%	0.34%
RVTY	F	0.03%	0.02%	0.02%
SCHW	B	0.13%	0.04%	0.04%
SJM	D	0.05%	0.12%	0.05%
SLB	C	0.12%	0.06%	0.06%
SNA	A	0.06%	0.24%	0.06%
SNX	C	0.03%	0.01%	0.01%
SOLV	C	0.02%	0.02%	0.02%
SQ	B	0.03%	0.2%	0.03%
SSNC	B	0.04%	0.17%	0.04%
ST	F	0.02%	0.0%	0.0%
STE	F	0.03%	0.19%	0.03%
STLD	B	0.11%	0.57%	0.11%
STT	A	0.1%	0.17%	0.1%
STZ	D	0.07%	0.41%	0.07%
SW	A	0.09%	0.07%	0.07%
SWK	D	0.07%	0.04%	0.04%
SWKS	F	0.04%	0.11%	0.04%
SYF	B	0.34%	0.22%	0.22%
T	A	1.27%	1.27%	1.27%
TAP	C	0.05%	0.03%	0.03%
TDY	B	0.03%	0.09%	0.03%
TFC	A	0.23%	0.13%	0.13%
TFX	F	0.02%	0.02%	0.02%
TGT	F	0.38%	0.37%	0.37%
THC	D	0.07%	0.1%	0.07%
TMO	F	0.25%	0.72%	0.25%
TMUS	B	0.25%	0.92%	0.25%
TOL	B	0.06%	0.15%	0.06%
TPR	B	0.05%	0.0%	0.0%
TRMB	B	0.03%	0.07%	0.03%
TROW	B	0.13%	0.21%	0.13%
TRU	D	0.03%	0.1%	0.03%
TRV	B	0.31%	0.62%	0.31%
TSN	B	0.2%	0.43%	0.2%
TTWO	A	0.03%	0.21%	0.03%
TXT	D	0.06%	0.4%	0.06%
UHAL	D	0.02%	0.08%	0.02%
UHAL	D	0.02%	0.0%	0.0%
UHS	D	0.08%	0.2%	0.08%
UNH	C	1.22%	1.04%	1.04%
UNM	A	0.06%	0.0%	0.0%
URI	B	0.13%	0.56%	0.13%
USB	A	0.32%	0.26%	0.26%
USFD	A	0.08%	0.2%	0.08%
VLO	C	0.39%	0.63%	0.39%
VMC	B	0.05%	0.5%	0.05%
VTRS	A	0.1%	0.07%	0.07%
VZ	C	1.13%	1.37%	1.13%
WAB	B	0.06%	0.29%	0.06%
WBA	F	0.17%	0.01%	0.01%
WBD	C	0.08%	0.05%	0.05%
WDC	D	0.12%	0.12%	0.12%
WFC	A	1.35%	1.49%	1.35%
WLK	D	0.02%	0.04%	0.02%
WMB	A	0.17%	0.3%	0.17%
WRB	A	0.03%	0.11%	0.03%
WTW	B	0.07%	0.15%	0.07%
XOM	B	1.99%	4.17%	1.99%
XYL	D	0.03%	0.14%	0.03%
ZBH	C	0.05%	0.24%	0.05%
ZBRA	B	0.04%	0.12%	0.04%

FNDX Overweight 418 Positions Relative to DFLV

Symbol	Grade	Weight
AAPL	C	4.35%
MSFT	F	2.43%
META	D	1.79%
AMZN	C	1.56%
WMT	A	1.47%
GOOGL	C	1.33%
GOOG	C	1.14%
HD	A	0.8%
PG	A	0.77%
COST	B	0.66%
LUMN	C	0.65%
AVGO	D	0.61%
IBM	C	0.54%
ORCL	B	0.5%
ABBV	D	0.49%
PM	B	0.48%
QCOM	F	0.43%
LOW	D	0.43%
CAT	B	0.41%
PEP	F	0.41%
NVDA	C	0.4%
AMGN	D	0.39%
LMT	D	0.37%
HON	B	0.37%
MO	A	0.37%
ACN	C	0.36%
AXP	A	0.36%
V	A	0.36%
KO	D	0.35%
MMM	D	0.35%
UNP	C	0.35%
TXN	C	0.34%
MCD	D	0.34%
DUK	C	0.3%
MA	C	0.29%
TSLA	B	0.28%
SBUX	A	0.28%
UPS	C	0.28%
SO	D	0.26%
NEE	D	0.24%
AMAT	F	0.24%
BKNG	A	0.24%
PGR	A	0.23%
TJX	A	0.22%
ADBE	C	0.2%
LLY	F	0.2%
HCA	F	0.2%
NKE	D	0.19%
EXC	C	0.17%
NFLX	A	0.17%
D	C	0.17%
AEP	D	0.16%
VST	B	0.16%
AMP	A	0.15%
SPGI	C	0.15%
ADP	B	0.15%
LRCX	F	0.15%
ITW	B	0.15%
WM	A	0.15%
GE	D	0.15%
MMC	B	0.14%
CL	D	0.13%
SYK	C	0.13%
BX	A	0.13%
AON	A	0.13%
SRE	A	0.13%
ED	D	0.12%
ETR	B	0.12%
KKR	A	0.12%
XEL	A	0.12%
ORLY	B	0.11%
PARA	C	0.11%
MCK	B	0.11%
PEG	A	0.11%
PPL	B	0.11%
BA	F	0.11%
INTU	C	0.11%
AMT	D	0.11%
EIX	B	0.1%
SYY	B	0.1%
KMB	D	0.1%
CEG	D	0.1%
WELL	A	0.1%
SPG	B	0.1%
ISRG	A	0.09%
STX	D	0.09%
FE	C	0.09%
MAR	B	0.09%
APH	A	0.09%
WY	D	0.09%
CCI	D	0.09%
NVR	D	0.08%
CHRW	C	0.08%
VTR	C	0.08%
YUM	B	0.08%
WHR	B	0.08%
ES	D	0.08%
KLAC	D	0.08%
GWW	B	0.08%
WEC	A	0.08%
WKC	D	0.08%
DLR	B	0.08%
EQIX	A	0.08%
CTAS	B	0.08%
ECL	D	0.08%
SHW	A	0.08%
K	A	0.07%
VFC	C	0.07%
MSI	B	0.07%
HWM	A	0.07%
CMA	A	0.07%
AEE	A	0.07%
TRGP	B	0.07%
MCO	B	0.07%
NTAP	C	0.07%
EVRG	A	0.07%
CAH	B	0.07%
R	B	0.07%
PLD	D	0.07%
X	C	0.07%
LAD	A	0.07%
ZTS	D	0.07%
AVT	C	0.07%
ROST	C	0.07%
DTE	C	0.07%
VRTX	F	0.07%
FAST	B	0.07%
M	D	0.06%
ODFL	B	0.06%
MGM	D	0.06%
DVA	B	0.06%
TSCO	D	0.06%
CPAY	A	0.06%
JEF	A	0.06%
ROK	B	0.06%
AZO	C	0.06%
CMS	C	0.06%
AA	B	0.06%
ZION	B	0.06%
OMF	A	0.06%
LNG	B	0.06%
IRM	D	0.06%
HLT	A	0.06%
EME	C	0.06%
CNP	B	0.06%
TT	A	0.06%
PAYX	C	0.06%
TDG	D	0.06%
KSS	F	0.06%
VNO	B	0.05%
NI	A	0.05%
INGR	B	0.05%
ORI	A	0.05%
NXPI	D	0.05%
MCHP	D	0.05%
AES	F	0.05%
DRI	B	0.05%
AJG	B	0.05%
AN	C	0.05%
BXP	D	0.05%
KD	B	0.05%
AVB	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
EQH	B	0.05%
TDS	B	0.05%
EQR	B	0.05%
GPI	A	0.05%
MAS	D	0.05%
SFM	A	0.05%
BFH	B	0.05%
PSA	D	0.05%
LNC	B	0.05%
A	D	0.05%
ANET	C	0.04%
O	D	0.04%
UBER	D	0.04%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
EXPE	B	0.04%
TER	D	0.04%
OSK	B	0.04%
AVY	D	0.04%
AMG	B	0.04%
ZIM	C	0.04%
UFPI	B	0.04%
LVS	C	0.04%
FYBR	D	0.04%
RPM	A	0.04%
CMG	B	0.04%
HSY	F	0.04%
CNO	A	0.04%
HST	C	0.04%
CLX	B	0.04%
EXPD	D	0.04%
SLM	A	0.04%
TMHC	B	0.04%
WAT	B	0.04%
GT	C	0.04%
ATO	A	0.04%
RHI	B	0.04%
AWK	D	0.04%
LNT	A	0.04%
GEN	B	0.04%
FAF	A	0.04%
MUSA	A	0.04%
BERY	B	0.04%
LPLA	A	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%
WSM	B	0.04%
VRSK	A	0.04%
EVR	B	0.04%
OGN	D	0.04%
JXN	C	0.04%
MAN	D	0.04%
GEV	B	0.04%
UGI	A	0.04%
CDW	F	0.04%
DELL	C	0.03%
EXP	A	0.03%
SEE	C	0.03%
THG	A	0.03%
LSTR	D	0.03%
PRI	A	0.03%
INVH	D	0.03%
FMC	D	0.03%
SCI	B	0.03%
CPRT	A	0.03%
AAP	C	0.03%
BTU	B	0.03%
ITT	A	0.03%
BBWI	D	0.03%
KBH	D	0.03%
BURL	A	0.03%
TPH	D	0.03%
LII	A	0.03%
G	B	0.03%
GDDY	A	0.03%
FLR	B	0.03%
BC	C	0.03%
APO	B	0.03%
PCG	A	0.03%
ABG	B	0.03%
SNV	B	0.03%
ARE	D	0.03%
ALB	C	0.03%
SEIC	B	0.03%
MSCI	C	0.03%
KIM	A	0.03%
VOYA	B	0.03%
MTD	D	0.03%
AIZ	A	0.03%
EFX	F	0.03%
CAR	C	0.03%
OGE	B	0.03%
GPK	C	0.03%
EXR	D	0.03%
FL	F	0.03%
RRX	B	0.03%
RL	B	0.03%
AGCO	D	0.03%
CACI	D	0.03%
APA	D	0.03%
ESS	B	0.03%
MTH	D	0.03%
JHG	A	0.03%
CLF	F	0.03%
SNPS	B	0.03%
WU	D	0.03%
CIEN	B	0.03%
ULTA	F	0.03%
GNW	A	0.03%
NXST	C	0.03%
MAA	B	0.03%
HUN	F	0.03%
FHN	A	0.03%
EL	F	0.03%
CMC	B	0.03%
DOC	D	0.03%
OLN	D	0.03%
IT	C	0.03%
DECK	A	0.03%
PANW	C	0.03%
DPZ	C	0.03%
BAH	F	0.03%
WSO	A	0.03%
RMD	C	0.03%
CDNS	B	0.03%
PBF	D	0.03%
MTZ	B	0.03%
ADSK	A	0.03%
SANM	B	0.03%
FTNT	C	0.03%
NWL	B	0.03%
HBI	B	0.03%
MLI	C	0.03%
HUBB	B	0.03%
BR	A	0.03%
MDU	D	0.02%
MTN	C	0.02%
ODP	F	0.02%
COHR	B	0.02%
ALK	C	0.02%
ADNT	F	0.02%
FLO	D	0.02%
MPW	F	0.02%
MATX	C	0.02%
LEG	F	0.02%
BPOP	B	0.02%
CHKP	D	0.02%
ARCH	B	0.02%
TKR	D	0.02%
MIDD	C	0.02%
AER	B	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	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	C	0.02%
SM	B	0.02%
WST	C	0.02%
CCEP	C	0.02%
LECO	B	0.02%
AL	B	0.02%
MUR	D	0.02%
TPX	B	0.02%
PII	D	0.02%
STWD	C	0.02%
HUBG	A	0.02%
SLG	B	0.02%
CTLT	B	0.02%
PENN	C	0.02%
IDXX	F	0.02%
JKHY	D	0.02%
CPT	B	0.02%
HOG	D	0.02%
POOL	C	0.02%
NOV	C	0.02%
DCI	B	0.02%
AOS	F	0.02%
BECN	B	0.02%
SKX	D	0.02%
CC	C	0.02%
SUI	D	0.02%
LAMR	D	0.02%
REG	B	0.02%
PK	B	0.02%
BRX	A	0.02%
UDR	B	0.02%
VICI	C	0.02%
MTG	C	0.02%
ABM	B	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%
BRO	B	0.02%
GNRC	B	0.02%
COR	B	0.02%
TGNA	B	0.02%
BAP	B	0.02%
SON	D	0.02%
AXTA	A	0.02%
VSH	D	0.01%
ANDE	D	0.01%
LILAK	D	0.01%
CNXC	F	0.01%
VRSN	F	0.01%
DBX	B	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%
CBOE	B	0.01%
NOW	A	0.01%
TNL	A	0.01%
PRGO	B	0.01%
QRTEA	F	0.01%
AAL	B	0.01%
ALLE	D	0.01%
FTI	A	0.01%
JWN	C	0.01%
HRB	D	0.01%
XRAY	F	0.01%
DK	C	0.01%
HTZ	C	0.01%
DAN	D	0.01%
LULU	C	0.01%
UNFI	A	0.01%
CRI	D	0.01%
CNX	A	0.01%
CPRI	F	0.01%

FNDX Underweight 25 Positions Relative to DFLV

Symbol	Grade	Weight
UAL	A	-0.37%
UTHR	C	-0.15%
FOX	A	-0.06%
ZM	B	-0.06%
CSGP	D	-0.05%
ENTG	D	-0.04%
RNR	C	-0.04%
CLH	B	-0.04%
GFS	C	-0.03%
BMRN	D	-0.03%
NWS	B	-0.02%
OKTA	C	-0.02%
PR	B	-0.02%
Z	A	-0.02%
TWLO	A	-0.01%
WBS	A	-0.01%
SIRI	C	-0.01%
H	B	-0.01%
FTRE	D	-0.01%
INCY	C	-0.01%
ZG	A	-0.0%
HOOD	B	-0.0%
CNA	B	-0.0%
MTDR	B	-0.0%
COTY	F	-0.0%