FNDX vs. GSEW ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW)

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

$24.82

Average Daily Volume

1,164,841

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

GSEW

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

GSEW Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive US Large Cap Equal Weight Index (GTR). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index consists of equity securities of large capitalization U.S. issuers. The index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies.

Grade (RS Rating)

Last Trade

$82.13

Average Daily Volume

46,558

Number of Holdings ^*

489

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	GSEW
30 Days	3.67%	5.61%
60 Days	4.58%	6.23%
90 Days	6.53%	8.71%
12 Months	29.67%	32.95%

438 Overlapping Holdings

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

FNDX Overweight 283 Positions Relative to GSEW

Symbol	Grade	Weight
GOOG	C	1.14%
LUMN	C	0.65%
WBA	F	0.17%
PARA	C	0.11%
ALLY	C	0.1%
FOXA	B	0.1%
ARW	D	0.08%
EMN	D	0.08%
USFD	A	0.08%
CHRW	C	0.08%
WHR	B	0.08%
UHS	D	0.08%
WKC	D	0.08%
JLL	D	0.08%
VFC	C	0.07%
CMA	A	0.07%
THC	D	0.07%
R	B	0.07%
X	C	0.07%
LAD	A	0.07%
AVT	C	0.07%
OVV	B	0.06%
M	D	0.06%
MGM	D	0.06%
DVA	B	0.06%
JEF	A	0.06%
UNM	A	0.06%
AA	B	0.06%
ZION	B	0.06%
OMF	A	0.06%
MHK	D	0.06%
FLEX	A	0.06%
PFGC	B	0.06%
KSS	F	0.06%
MOS	F	0.06%
KMX	B	0.06%
ACM	A	0.05%
VNO	B	0.05%
AFG	A	0.05%
INGR	B	0.05%
ORI	A	0.05%
NXPI	D	0.05%
IVZ	B	0.05%
JNPR	F	0.05%
AES	F	0.05%
AN	C	0.05%
BXP	D	0.05%
KD	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
LEA	D	0.05%
EQH	B	0.05%
TDS	B	0.05%
GPI	A	0.05%
CASY	A	0.05%
DINO	D	0.05%
BWA	D	0.05%
TPR	B	0.05%
SFM	A	0.05%
LKQ	D	0.05%
SJM	D	0.05%
BFH	B	0.05%
LNC	B	0.05%
TAP	C	0.05%
FBIN	D	0.04%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
OSK	B	0.04%
AMG	B	0.04%
IPG	D	0.04%
ZIM	C	0.04%
UFPI	B	0.04%
FYBR	D	0.04%
CNO	A	0.04%
HST	C	0.04%
DOX	D	0.04%
CRBG	B	0.04%
SLM	A	0.04%
TMHC	B	0.04%
CCK	C	0.04%
DKS	C	0.04%
GT	C	0.04%
RGA	A	0.04%
RHI	B	0.04%
HSIC	B	0.04%
FAF	A	0.04%
MUSA	A	0.04%
BERY	B	0.04%
PVH	C	0.04%
NWSA	B	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	D	0.04%
JXN	C	0.04%
MAN	D	0.04%
UGI	A	0.04%
EXP	A	0.03%
SEE	C	0.03%
THG	A	0.03%
LSTR	D	0.03%
PRI	A	0.03%
AR	B	0.03%
FMC	D	0.03%
SCI	B	0.03%
ACI	C	0.03%
GNTX	C	0.03%
AAP	C	0.03%
BTU	B	0.03%
ITT	A	0.03%
BBWI	D	0.03%
KBH	D	0.03%
CW	B	0.03%
TPH	D	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%
ALB	C	0.03%
SEIC	B	0.03%
VOYA	B	0.03%
QRVO	F	0.03%
AMCR	D	0.03%
ARMK	B	0.03%
CPB	D	0.03%
AIZ	A	0.03%
CAR	C	0.03%
OGE	B	0.03%
GPK	C	0.03%
HAS	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%
MTH	D	0.03%
JHG	A	0.03%
CLF	F	0.03%
HII	D	0.03%
HRL	D	0.03%
EWBC	A	0.03%
WU	D	0.03%
CIEN	B	0.03%
GNW	A	0.03%
NXST	C	0.03%
FFIV	B	0.03%
CG	A	0.03%
HUN	F	0.03%
FHN	A	0.03%
CMC	B	0.03%
OLN	D	0.03%
PBF	D	0.03%
MTZ	B	0.03%
SANM	B	0.03%
NWL	B	0.03%
HBI	B	0.03%
GL	B	0.03%
MLI	C	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	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%
TFX	F	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%
UHAL	D	0.02%
XRX	F	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%
ASGN	F	0.02%
NAVI	C	0.02%
SM	B	0.02%
CZR	F	0.02%
CCEP	C	0.02%
LECO	B	0.02%
ST	F	0.02%
AL	B	0.02%
MUR	D	0.02%
TPX	B	0.02%
PII	D	0.02%
STWD	C	0.02%
PAG	B	0.02%
EPAM	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	D	0.02%
APTV	D	0.02%
NOV	C	0.02%
DCI	B	0.02%
NVT	B	0.02%
AOS	F	0.02%
BECN	B	0.02%
SKX	D	0.02%
CC	C	0.02%
CNH	C	0.02%
LAMR	D	0.02%
REG	B	0.02%
PK	B	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	B	0.02%
TGNA	B	0.02%
BAP	B	0.02%
SON	D	0.02%
AXTA	A	0.02%
SOLV	C	0.02%
VSH	D	0.01%
ANDE	D	0.01%
LILAK	D	0.01%
CNXC	F	0.01%
CRL	C	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	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 51 Positions Relative to GSEW

Symbol	Grade	Weight
APP	B	-0.34%
AXON	A	-0.27%
MSTR	C	-0.26%
FLUT	A	-0.23%
COIN	C	-0.23%
HUBS	A	-0.23%
NTNX	A	-0.22%
CRWD	B	-0.22%
ZS	C	-0.22%
SNOW	C	-0.22%
DXCM	D	-0.22%
WDAY	B	-0.22%
DKNG	B	-0.22%
PODD	C	-0.22%
PLTR	B	-0.22%
TEAM	A	-0.22%
FICO	B	-0.22%
TPL	A	-0.21%
VRT	B	-0.21%
GWRE	A	-0.21%
DDOG	A	-0.21%
MDB	C	-0.21%
LYV	A	-0.21%
ZM	B	-0.21%
RCL	A	-0.21%
ROL	B	-0.21%
DASH	A	-0.21%
IBKR	A	-0.21%
FDS	B	-0.21%
UAL	A	-0.21%
VEEV	C	-0.21%
ENTG	D	-0.2%
BMRN	D	-0.2%
ARES	A	-0.2%
CSGP	D	-0.2%
MANH	D	-0.2%
NET	B	-0.2%
VLTO	D	-0.2%
RBLX	C	-0.2%
CVNA	B	-0.2%
TTD	B	-0.2%
TW	A	-0.2%
TYL	B	-0.2%
PSTG	D	-0.19%
EXAS	D	-0.19%
ALNY	D	-0.19%
ABNB	C	-0.19%
PTC	A	-0.19%
PINS	D	-0.18%
SMCI	F	-0.17%
MPWR	F	-0.15%