FNDX vs. GSUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Goldman Sachs MarketBeta U.S. Equity ETF (GSUS)

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

GSUS

Goldman Sachs MarketBeta U.S. Equity ETF

GSUS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS United States Large & Mid Cap Index. The fund invests at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index consists of equity securities of large and mid-capitalization equity issuers covering approximately the largest 85% of the free-float market capitalization in the United States.

Grade (RS Rating)

Last Trade

$82.16

Average Daily Volume

123,683

Number of Holdings ^*

449

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	GSUS
30 Days	3.67%	3.38%
60 Days	4.58%	4.89%
90 Days	6.53%	6.69%
12 Months	29.67%	32.27%

401 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in GSUS	Overlap
	A	D	0.05%	0.07%	0.05%
	AAPL	C	4.35%	6.79%	4.35%
	ABBV	D	0.49%	0.59%	0.49%
	ABT	B	0.34%	0.41%	0.34%
	ACGL	D	0.03%	0.07%	0.03%
	ACN	C	0.36%	0.45%	0.36%
	ADBE	C	0.2%	0.44%	0.2%
	ADI	D	0.13%	0.21%	0.13%
	ADM	D	0.21%	0.05%	0.05%
	ADP	B	0.15%	0.24%	0.15%
	ADSK	A	0.03%	0.13%	0.03%
	AEE	A	0.07%	0.05%	0.05%
	AEP	D	0.16%	0.1%	0.1%
	AFL	B	0.21%	0.11%	0.11%
	AIG	B	0.28%	0.1%	0.1%
	AJG	B	0.05%	0.13%	0.05%
	AKAM	D	0.03%	0.03%	0.03%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.27%	0.1%	0.1%
	AMAT	F	0.24%	0.28%	0.24%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.45%	0.09%
	AME	A	0.05%	0.09%	0.05%
	AMGN	D	0.39%	0.3%	0.3%
	AMP	A	0.15%	0.11%	0.11%
	AMT	D	0.11%	0.19%	0.11%
	AMZN	C	1.56%	3.85%	1.56%
	ANET	C	0.04%	0.18%	0.04%
	ANSS	B	0.02%	0.06%	0.02%
	AON	A	0.13%	0.15%	0.13%
	APD	A	0.13%	0.14%	0.13%
	APH	A	0.09%	0.17%	0.09%
	APO	B	0.03%	0.14%	0.03%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.03%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.05%	0.07%	0.05%
	AVGO	D	0.61%	1.52%	0.61%
	AVTR	F	0.02%	0.03%	0.02%
	AWK	D	0.04%	0.05%	0.04%
	AXP	A	0.36%	0.32%	0.32%
	AZO	C	0.06%	0.1%	0.06%
	BA	F	0.11%	0.17%	0.11%
	BAC	A	1.3%	0.63%	0.63%
	BALL	D	0.06%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBY	D	0.16%	0.03%	0.03%
	BDX	F	0.11%	0.13%	0.11%
	BIIB	F	0.09%	0.05%	0.05%
	BK	A	0.26%	0.12%	0.12%
	BKNG	A	0.24%	0.33%	0.24%
	BKR	B	0.16%	0.09%	0.09%
	BLK	C	0.28%	0.3%	0.28%
	BMY	B	0.45%	0.24%	0.24%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	B	2.17%	1.24%	1.24%
	BSX	B	0.09%	0.27%	0.09%
	BX	A	0.13%	0.27%	0.13%
	C	A	1.1%	0.26%	0.26%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.07%	0.06%	0.06%
	CARR	D	0.12%	0.13%	0.12%
	CAT	B	0.41%	0.37%	0.37%
	CB	C	0.26%	0.23%	0.23%
	CBOE	B	0.01%	0.04%	0.01%
	CBRE	B	0.13%	0.08%	0.08%
	CCI	D	0.09%	0.09%	0.09%
	CCL	B	0.06%	0.05%	0.05%
	CDNS	B	0.03%	0.16%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.1%	0.15%	0.1%
	CFG	B	0.1%	0.04%	0.04%
	CHD	B	0.04%	0.05%	0.04%
	CHTR	C	0.35%	0.07%	0.07%
	CI	F	0.48%	0.18%	0.18%
	CINF	A	0.07%	0.05%	0.05%
	CL	D	0.13%	0.15%	0.13%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.33%	0.33%
	CME	A	0.08%	0.17%	0.08%
	CMG	B	0.04%	0.16%	0.04%
	CMI	A	0.19%	0.1%	0.1%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.19%	0.06%	0.06%
	CNP	B	0.06%	0.04%	0.04%
	COF	B	0.48%	0.14%	0.14%
	COP	C	0.48%	0.26%	0.26%
	COR	B	0.02%	0.08%	0.02%
	COST	B	0.66%	0.83%	0.66%
	CPAY	A	0.06%	0.05%	0.05%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	A	0.03%	0.1%	0.03%
	CRM	B	0.15%	0.6%	0.15%
	CSCO	B	0.82%	0.46%	0.46%
	CSX	B	0.22%	0.14%	0.14%
	CTAS	B	0.08%	0.15%	0.08%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	B	0.19%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	D	0.68%	0.14%	0.14%
	CVX	A	1.25%	0.55%	0.55%
	D	C	0.17%	0.1%	0.1%
	DAL	C	0.03%	0.08%	0.03%
	DD	D	0.17%	0.06%	0.06%
	DE	A	0.23%	0.2%	0.2%
	DELL	C	0.03%	0.08%	0.03%
	DFS	B	0.26%	0.09%	0.09%
	DG	F	0.08%	0.03%	0.03%
	DGX	A	0.07%	0.04%	0.04%
	DHI	D	0.16%	0.09%	0.09%
	DHR	F	0.15%	0.3%	0.15%
	DIS	B	0.45%	0.41%	0.41%
	DLR	B	0.08%	0.12%	0.08%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.06%	0.06%
	DOW	F	0.18%	0.06%	0.06%
	DOX	D	0.04%	0.02%	0.02%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.05%	0.04%	0.04%
	DTE	C	0.07%	0.05%	0.05%
	DUK	C	0.3%	0.18%	0.18%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.09%	0.08%	0.08%
	EBAY	D	0.17%	0.06%	0.06%
	ECL	D	0.08%	0.12%	0.08%
	ED	D	0.12%	0.07%	0.07%
	EFX	F	0.03%	0.06%	0.03%
	EG	C	0.02%	0.02%	0.02%
	EIX	B	0.1%	0.07%	0.07%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.36%	0.18%	0.18%
	EMR	A	0.17%	0.15%	0.15%
	EOG	A	0.23%	0.15%	0.15%
	EQIX	A	0.08%	0.17%	0.08%
	EQR	B	0.05%	0.05%	0.05%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.03%	0.04%	0.03%
	ETN	A	0.23%	0.29%	0.23%
	ETR	B	0.12%	0.06%	0.06%
	EW	C	0.04%	0.08%	0.04%
	EXC	C	0.17%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	D	0.03%	0.07%	0.03%
	F	C	0.33%	0.09%	0.09%
	FANG	D	0.05%	0.06%	0.05%
	FAST	B	0.07%	0.09%	0.07%
	FCX	D	0.14%	0.13%	0.13%
	FDX	B	0.32%	0.13%	0.13%
	FE	C	0.09%	0.05%	0.05%
	FI	A	0.13%	0.25%	0.13%
	FIS	C	0.12%	0.09%	0.09%
	FITB	A	0.13%	0.06%	0.06%
	FNF	B	0.06%	0.03%	0.03%
	FOXA	B	0.1%	0.02%	0.02%
	FTNT	C	0.03%	0.11%	0.03%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.21%	0.13%	0.13%
	GE	D	0.15%	0.39%	0.15%
	GEHC	F	0.09%	0.07%	0.07%
	GEN	B	0.04%	0.03%	0.03%
	GEV	B	0.04%	0.19%	0.04%
	GILD	C	0.37%	0.22%	0.22%
	GIS	D	0.11%	0.07%	0.07%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.79%	0.12%	0.12%
	GOOG	C	1.14%	1.88%	1.14%
	GOOGL	C	1.33%	2.09%	1.33%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.09%	0.06%	0.06%
	GRMN	B	0.03%	0.06%	0.03%
	GS	A	0.62%	0.37%	0.37%
	GWW	B	0.08%	0.1%	0.08%
	HAL	C	0.06%	0.06%	0.06%
	HBAN	A	0.08%	0.05%	0.05%
	HCA	F	0.2%	0.13%	0.13%
	HD	A	0.8%	0.81%	0.8%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.14%	0.07%	0.07%
	HLT	A	0.06%	0.12%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.37%	0.3%	0.3%
	HPE	B	0.21%	0.06%	0.06%
	HPQ	B	0.21%	0.07%	0.07%
	HRL	D	0.03%	0.02%	0.02%
	HSY	F	0.04%	0.05%	0.04%
	HUM	C	0.19%	0.07%	0.07%
	HWM	A	0.07%	0.09%	0.07%
	IBM	C	0.54%	0.39%	0.39%
	ICE	C	0.11%	0.18%	0.11%
	IDXX	F	0.02%	0.07%	0.02%
	IFF	D	0.05%	0.05%	0.05%
	ILMN	D	0.03%	0.04%	0.03%
	INTC	D	0.89%	0.21%	0.21%
	INTU	C	0.11%	0.35%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	B	0.17%	0.04%	0.04%
	IQV	D	0.07%	0.07%	0.07%
	IR	B	0.03%	0.08%	0.03%
	IRM	D	0.06%	0.07%	0.06%
	ISRG	A	0.09%	0.38%	0.09%
	IT	C	0.03%	0.08%	0.03%
	ITW	B	0.15%	0.16%	0.15%
	JBHT	C	0.05%	0.03%	0.03%
	JCI	C	0.16%	0.11%	0.11%
	JNJ	D	0.89%	0.74%	0.74%
	JPM	A	2.03%	1.38%	1.38%
	K	A	0.07%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.1%	0.04%	0.04%
	KEYS	A	0.04%	0.05%	0.04%
	KHC	F	0.09%	0.05%	0.05%
	KKR	A	0.12%	0.21%	0.12%
	KLAC	D	0.08%	0.17%	0.08%
	KMB	D	0.1%	0.09%	0.09%
	KMI	A	0.23%	0.11%	0.11%
	KO	D	0.35%	0.49%	0.35%
	KR	B	0.3%	0.08%	0.08%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.03%	0.03%
	LDOS	C	0.07%	0.04%	0.04%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.16%	0.08%	0.08%
	LH	C	0.09%	0.04%	0.04%
	LHX	C	0.16%	0.09%	0.09%
	LIN	D	0.33%	0.43%	0.33%
	LLY	F	0.2%	1.25%	0.2%
	LMT	D	0.37%	0.25%	0.25%
	LNG	B	0.06%	0.1%	0.06%
	LNT	A	0.04%	0.03%	0.03%
	LOW	D	0.43%	0.3%	0.3%
	LRCX	F	0.15%	0.18%	0.15%
	LULU	C	0.01%	0.07%	0.01%
	LUV	C	0.02%	0.04%	0.02%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.14%	0.04%	0.04%
	MA	C	0.29%	0.86%	0.29%
	MAA	B	0.03%	0.04%	0.03%
	MAR	B	0.09%	0.13%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.42%	0.34%
	MCHP	D	0.05%	0.07%	0.05%
	MCK	B	0.11%	0.16%	0.11%
	MCO	B	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.17%	0.17%
	MDT	D	0.16%	0.22%	0.16%
	MET	A	0.26%	0.1%	0.1%
	META	D	1.79%	2.45%	1.79%
	MKC	D	0.03%	0.04%	0.03%
	MKL	A	0.05%	0.04%	0.04%
	MLM	B	0.04%	0.07%	0.04%
	MMC	B	0.14%	0.22%	0.14%
	MMM	D	0.35%	0.14%	0.14%
	MNST	C	0.05%	0.08%	0.05%
	MO	A	0.37%	0.19%	0.19%
	MPC	D	0.4%	0.11%	0.11%
	MRK	F	0.42%	0.49%	0.42%
	MRNA	F	0.03%	0.02%	0.02%
	MRVL	B	0.04%	0.15%	0.04%
	MS	A	0.46%	0.33%	0.33%
	MSCI	C	0.03%	0.09%	0.03%
	MSFT	F	2.43%	6.15%	2.43%
	MSI	B	0.07%	0.16%	0.07%
	MTB	A	0.11%	0.07%	0.07%
	MTD	D	0.03%	0.05%	0.03%
	MU	D	0.38%	0.22%	0.22%
	NDAQ	A	0.03%	0.07%	0.03%
	NEE	D	0.24%	0.32%	0.24%
	NEM	D	0.13%	0.1%	0.1%
	NFLX	A	0.17%	0.73%	0.17%
	NKE	D	0.19%	0.18%	0.18%
	NOC	D	0.2%	0.14%	0.14%
	NOW	A	0.01%	0.42%	0.01%
	NSC	B	0.21%	0.12%	0.12%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.19%	0.07%	0.07%
	NVDA	C	0.4%	6.96%	0.4%
	NVR	D	0.08%	0.05%	0.05%
	O	D	0.04%	0.1%	0.04%
	ODFL	B	0.06%	0.08%	0.06%
	OKE	A	0.14%	0.13%	0.13%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.04%	0.06%	0.04%
	ORCL	B	0.5%	0.61%	0.5%
	ORLY	B	0.11%	0.14%	0.11%
	OTIS	C	0.05%	0.08%	0.05%
	OXY	D	0.11%	0.07%	0.07%
	PANW	C	0.03%	0.25%	0.03%
	PAYX	C	0.06%	0.09%	0.06%
	PCAR	B	0.15%	0.11%	0.11%
	PCG	A	0.03%	0.09%	0.03%
	PEG	A	0.11%	0.09%	0.09%
	PEP	F	0.41%	0.43%	0.41%
	PFE	D	0.68%	0.29%	0.29%
	PFG	D	0.09%	0.04%	0.04%
	PG	A	0.77%	0.81%	0.77%
	PGR	A	0.23%	0.3%	0.23%
	PH	A	0.13%	0.18%	0.13%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.07%	0.04%	0.04%
	PLD	D	0.07%	0.21%	0.07%
	PM	B	0.48%	0.41%	0.41%
	PNC	B	0.3%	0.16%	0.16%
	PPG	F	0.08%	0.06%	0.06%
	PPL	B	0.11%	0.05%	0.05%
	PRU	A	0.22%	0.09%	0.09%
	PSA	D	0.05%	0.11%	0.05%
	PSX	C	0.36%	0.11%	0.11%
	PWR	A	0.07%	0.1%	0.07%
	PYPL	B	0.22%	0.17%	0.17%
	QCOM	F	0.43%	0.37%	0.37%
	REGN	F	0.1%	0.16%	0.1%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.05%	0.06%	0.05%
	RMD	C	0.03%	0.07%	0.03%
	ROK	B	0.06%	0.06%	0.06%
	ROP	B	0.05%	0.12%	0.05%
	ROST	C	0.07%	0.09%	0.07%
	RSG	A	0.06%	0.09%	0.06%
	RTX	C	0.34%	0.32%	0.32%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.28%	0.22%	0.22%
	SCHW	B	0.13%	0.24%	0.13%
	SHW	A	0.08%	0.17%	0.08%
	SLB	C	0.12%	0.12%	0.12%
	SNA	A	0.06%	0.04%	0.04%
	SNPS	B	0.03%	0.17%	0.03%
	SO	D	0.26%	0.19%	0.19%
	SPG	B	0.1%	0.12%	0.1%
	SPGI	C	0.15%	0.32%	0.15%
	SQ	B	0.03%	0.1%	0.03%
	SRE	A	0.13%	0.12%	0.12%
	SSNC	B	0.04%	0.03%	0.03%
	STE	F	0.03%	0.04%	0.03%
	STT	A	0.1%	0.06%	0.06%
	STX	D	0.09%	0.04%	0.04%
	STZ	D	0.07%	0.08%	0.07%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.34%	0.05%	0.05%
	SYK	C	0.13%	0.25%	0.13%
	SYY	B	0.1%	0.07%	0.07%
	T	A	1.27%	0.33%	0.33%
	TDG	D	0.06%	0.14%	0.06%
	TER	D	0.04%	0.03%	0.03%
	TFC	A	0.23%	0.12%	0.12%
	TGT	F	0.38%	0.14%	0.14%
	TJX	A	0.22%	0.27%	0.22%
	TMO	F	0.25%	0.39%	0.25%
	TMUS	B	0.25%	0.23%	0.23%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.13%	0.05%	0.05%
	TRU	D	0.03%	0.04%	0.03%
	TRV	B	0.31%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	0.28%	1.93%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	A	0.06%	0.19%	0.06%
	TTWO	A	0.03%	0.06%	0.03%
	TXN	C	0.34%	0.37%	0.34%
	TXT	D	0.06%	0.03%	0.03%
	UBER	D	0.04%	0.28%	0.04%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.22%	1.07%	1.07%
	UNP	C	0.35%	0.29%	0.29%
	UPS	C	0.28%	0.19%	0.19%
	URI	B	0.13%	0.11%	0.11%
	USB	A	0.32%	0.15%	0.15%
	V	A	0.36%	1.05%	0.36%
	VICI	C	0.02%	0.07%	0.02%
	VLO	C	0.39%	0.09%	0.09%
	VMC	B	0.05%	0.07%	0.05%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	F	0.01%	0.03%	0.01%
	VRTX	F	0.07%	0.23%	0.07%
	VST	B	0.16%	0.11%	0.11%
	VTR	C	0.08%	0.05%	0.05%
	VZ	C	1.13%	0.36%	0.36%
	WAB	B	0.06%	0.07%	0.06%
	WAT	B	0.04%	0.04%	0.04%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.12%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.1%	0.17%	0.1%
	WFC	A	1.35%	0.5%	0.5%
	WM	A	0.15%	0.18%	0.15%
	WMB	A	0.17%	0.14%	0.14%
	WMT	A	1.47%	0.76%	0.76%
	WRB	A	0.03%	0.04%	0.03%
	WST	C	0.02%	0.05%	0.02%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.09%	0.05%	0.05%
	XEL	A	0.12%	0.08%	0.08%
	XOM	B	1.99%	1.06%	1.06%
	XYL	D	0.03%	0.06%	0.03%
	YUM	B	0.08%	0.07%	0.07%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.07%	0.16%	0.07%

FNDX Overweight 321 Positions Relative to GSUS

	Symbol	Grade	Weight
	LUMN	C	0.65%
	WBA	F	0.17%
	PARA	C	0.11%
	STLD	B	0.11%
	ALLY	C	0.1%
	VTRS	A	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	MRO	B	0.09%
	SW	A	0.09%
	RS	B	0.09%
	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%
	OC	A	0.07%
	VFC	C	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	CF	B	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	R	B	0.07%
	X	C	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	OVV	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	MGM	D	0.06%
	DVA	B	0.06%
	JEF	A	0.06%
	BLDR	D	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%
	JBL	B	0.06%
	PFGC	B	0.06%
	EME	C	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	ACM	A	0.05%
	VNO	B	0.05%
	NI	A	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	CSL	C	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%
	J	F	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%
	AVY	D	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	PNR	A	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CNO	A	0.04%
	HST	C	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%
	LPLA	A	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%
	WSM	B	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	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%
	IEX	B	0.03%
	ACI	C	0.03%
	TDY	B	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	GDDY	A	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%
	KIM	A	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	ARMK	B	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%
	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%
	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	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	HUBB	B	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%
	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%
	ASGN	F	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	NDSN	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%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	B	0.02%
	PENN	C	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%
	FCNCA	A	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%
	SUI	D	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%
	BRO	B	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%
	FSLR	F	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%
	UNFI	A	0.01%
	CRI	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 48 Positions Relative to GSUS

	Symbol	Grade	Weight
	PLTR	B	-0.25%
	MELI	D	-0.18%
	CRWD	B	-0.16%
	APP	B	-0.14%
	COIN	C	-0.13%
	SPOT	B	-0.13%
	TTD	B	-0.11%
	WDAY	B	-0.11%
	FICO	B	-0.11%
	ABNB	C	-0.11%
	DASH	A	-0.11%
	VRT	B	-0.1%
	RCL	A	-0.1%
	FLUT	A	-0.09%
	TEAM	A	-0.08%
	DDOG	A	-0.08%
	SNOW	C	-0.08%
	HUBS	A	-0.07%
	MPWR	F	-0.06%
	CVNA	B	-0.06%
	NET	B	-0.06%
	ALNY	D	-0.06%
	CSGP	D	-0.06%
	DXCM	D	-0.06%
	UAL	A	-0.06%
	VEEV	C	-0.06%
	ARES	A	-0.06%
	RBLX	C	-0.05%
	CPNG	D	-0.05%
	PINS	D	-0.04%
	IBKR	A	-0.04%
	ZS	C	-0.04%
	LYV	A	-0.04%
	DKNG	B	-0.04%
	MDB	C	-0.04%
	ZM	B	-0.04%
	ARM	D	-0.03%
	SMCI	F	-0.03%
	ROL	B	-0.03%
	ENPH	F	-0.02%
	SCCO	F	-0.02%
	RPRX	D	-0.02%
	SNAP	C	-0.02%
	AGR	B	-0.01%
	GFS	C	-0.01%
	WMG	C	-0.01%
	FOX	A	-0.01%
	RKT	F	-0.0%

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

GSUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Semiconductors Business Services Diversified Industrials Diagnostics & Research Asset Management Specialty Retail Banks - Regional - US Drug Manufacturers - Major Capital Markets Insurance - Property & Casualty Software - Infrastructure Aerospace & Defense Credit Services Household & Personal Products Internet Content & Information Medical Devices Medical Instruments & Supplies Oil & Gas E&P

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Insurance Electricity Electronics Bank Medicine Semiconductor Telecommunications Chemical Banking Cloud Computing Aerospace Insurance Products Investment Bank Mobile Devices Real Estate Investment Trust