FNDX vs. ILCB ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Morningstar U.S. Equity ETF (ILCB)

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

$67.15

Average Daily Volume

392,739

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$76.12

Average Daily Volume

14,077

Number of Holdings ^*

615

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	ILCB
30 Days	1.39%	4.59%
60 Days	3.53%	7.56%
90 Days	2.07%	7.21%
12 Months	18.51%	25.47%

509 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in ILCB	Overlap
	A	D	0.06%	0.08%	0.06%
	AAPL	A	4.46%	6.4%	4.46%
	ABBV	C	0.54%	0.62%	0.54%
	ABT	D	0.32%	0.38%	0.32%
	ACGL	C	0.04%	0.08%	0.04%
	ACI	F	0.02%	0.02%	0.02%
	ACM	D	0.04%	0.03%	0.03%
	ACN	C	0.31%	0.39%	0.31%
	ADBE	B	0.21%	0.51%	0.21%
	ADI	B	0.14%	0.23%	0.14%
	ADM	C	0.23%	0.06%	0.06%
	ADP	D	0.13%	0.2%	0.13%
	ADSK	B	0.03%	0.11%	0.03%
	AEE	D	0.06%	0.04%	0.04%
	AEP	D	0.16%	0.1%	0.1%
	AES	D	0.07%	0.03%	0.03%
	AFG	D	0.04%	0.02%	0.02%
	AFL	B	0.19%	0.1%	0.1%
	AIG	C	0.3%	0.1%	0.1%
	AJG	A	0.05%	0.12%	0.05%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	D	0.02%	0.04%	0.02%
	ALL	D	0.26%	0.09%	0.09%
	ALLE	D	0.02%	0.02%	0.02%
	ALLY	B	0.12%	0.02%	0.02%
	AMAT	B	0.33%	0.4%	0.33%
	AMCR	D	0.02%	0.03%	0.02%
	AMD	B	0.1%	0.53%	0.1%
	AME	D	0.05%	0.08%	0.05%
	AMGN	B	0.47%	0.35%	0.35%
	AMP	B	0.12%	0.09%	0.09%
	AMT	B	0.12%	0.19%	0.12%
	AMZN	A	1.54%	3.85%	1.54%
	ANET	A	0.04%	0.18%	0.04%
	ANSS	C	0.02%	0.06%	0.02%
	AON	C	0.11%	0.13%	0.11%
	AOS	D	0.03%	0.02%	0.02%
	APA	D	0.04%	0.02%	0.02%
	APD	D	0.11%	0.12%	0.11%
	APH	B	0.1%	0.17%	0.1%
	APO	A	0.03%	0.1%	0.03%
	APTV	F	0.05%	0.04%	0.04%
	AR	C	0.03%	0.02%	0.02%
	ARE	C	0.03%	0.04%	0.03%
	ATO	C	0.03%	0.04%	0.03%
	AVB	B	0.05%	0.06%	0.05%
	AVGO	B	0.68%	1.49%	0.68%
	AVTR	F	0.02%	0.03%	0.02%
	AVY	D	0.04%	0.04%	0.04%
	AWK	C	0.04%	0.05%	0.04%
	AXP	C	0.34%	0.27%	0.27%
	AZO	C	0.06%	0.11%	0.06%
	BA	C	0.16%	0.23%	0.16%
	BAC	A	1.27%	0.55%	0.55%
	BAH	B	0.04%	0.04%	0.04%
	BALL	D	0.06%	0.04%	0.04%
	BAX	F	0.07%	0.04%	0.04%
	BBY	C	0.17%	0.03%	0.03%
	BDX	F	0.11%	0.14%	0.11%
	BEN	D	0.05%	0.01%	0.01%
	BG	B	0.12%	0.03%	0.03%
	BIIB	C	0.12%	0.07%	0.07%
	BJ	B	0.03%	0.02%	0.02%
	BK	A	0.23%	0.09%	0.09%
	BKNG	B	0.22%	0.28%	0.22%
	BKR	B	0.15%	0.07%	0.07%
	BLD	D	0.02%	0.03%	0.02%
	BLDR	F	0.03%	0.04%	0.03%
	BLK	B	0.23%	0.24%	0.23%
	BMY	F	0.31%	0.17%	0.17%
	BR	B	0.03%	0.05%	0.03%
	BRK.A	D	2.13%	1.52%	1.52%
	BRO	B	0.02%	0.05%	0.02%
	BSX	B	0.09%	0.23%	0.09%
	BURL	B	0.03%	0.03%	0.03%
	BX	C	0.1%	0.18%	0.1%
	BXP	B	0.04%	0.02%	0.02%
	C	A	1.15%	0.24%	0.24%
	CAG	D	0.06%	0.03%	0.03%
	CAH	D	0.07%	0.05%	0.05%
	CARR	B	0.11%	0.11%	0.11%
	CASY	B	0.06%	0.03%	0.03%
	CAT	C	0.39%	0.33%	0.33%
	CB	C	0.27%	0.22%	0.22%
	CBRE	C	0.1%	0.06%	0.06%
	CCI	D	0.09%	0.09%	0.09%
	CCK	F	0.03%	0.02%	0.02%
	CCL	C	0.06%	0.04%	0.04%
	CDNS	B	0.04%	0.17%	0.04%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.07%	0.03%	0.03%
	CEG	C	0.11%	0.13%	0.11%
	CF	F	0.06%	0.03%	0.03%
	CFG	B	0.09%	0.03%	0.03%
	CG	D	0.03%	0.02%	0.02%
	CHD	D	0.04%	0.05%	0.04%
	CHK	C	0.02%	0.02%	0.02%
	CHTR	C	0.29%	0.06%	0.06%
	CI	D	0.52%	0.2%	0.2%
	CINF	B	0.06%	0.04%	0.04%
	CL	B	0.15%	0.17%	0.15%
	CLX	D	0.03%	0.04%	0.03%
	CMCSA	D	0.75%	0.31%	0.31%
	CME	D	0.07%	0.15%	0.07%
	CMG	C	0.04%	0.18%	0.04%
	CMI	D	0.17%	0.08%	0.08%
	CMS	D	0.06%	0.04%	0.04%
	CNC	D	0.23%	0.07%	0.07%
	CNH	F	0.04%	0.02%	0.02%
	CNP	B	0.07%	0.04%	0.04%
	COF	C	0.39%	0.11%	0.11%
	COP	D	0.48%	0.28%	0.28%
	COST	A	0.7%	0.78%	0.7%
	CPAY	D	0.05%	0.04%	0.04%
	CPB	B	0.03%	0.02%	0.02%
	CPRT	C	0.03%	0.1%	0.03%
	CPT	B	0.02%	0.02%	0.02%
	CRL	F	0.01%	0.02%	0.01%
	CRM	C	0.12%	0.49%	0.12%
	CSCO	D	0.72%	0.4%	0.4%
	CSL	C	0.05%	0.04%	0.04%
	CSX	D	0.22%	0.13%	0.13%
	CTAS	B	0.08%	0.13%	0.08%
	CTRA	D	0.02%	0.04%	0.02%
	CTSH	C	0.17%	0.07%	0.07%
	CTVA	D	0.09%	0.08%	0.08%
	CVS	D	0.71%	0.15%	0.15%
	CVX	D	1.23%	0.56%	0.56%
	D	C	0.17%	0.09%	0.09%
	DAL	D	0.02%	0.06%	0.02%
	DD	B	0.18%	0.07%	0.07%
	DE	F	0.22%	0.2%	0.2%
	DECK	C	0.04%	0.05%	0.04%
	DELL	B	0.01%	0.08%	0.01%
	DFS	A	0.21%	0.06%	0.06%
	DG	F	0.13%	0.06%	0.06%
	DGX	C	0.07%	0.03%	0.03%
	DHI	D	0.15%	0.09%	0.09%
	DHR	D	0.16%	0.35%	0.16%
	DINO	D	0.06%	0.02%	0.02%
	DIS	F	0.44%	0.39%	0.39%
	DKS	C	0.05%	0.03%	0.03%
	DLR	A	0.08%	0.1%	0.08%
	DLTR	F	0.07%	0.04%	0.04%
	DOC	B	0.04%	0.03%	0.03%
	DOV	D	0.06%	0.05%	0.05%
	DOW	D	0.21%	0.08%	0.08%
	DPZ	C	0.05%	0.04%	0.04%
	DRI	D	0.05%	0.04%	0.04%
	DTE	D	0.08%	0.05%	0.05%
	DUK	D	0.3%	0.16%	0.16%
	DVA	C	0.06%	0.01%	0.01%
	DVN	C	0.1%	0.06%	0.06%
	EA	B	0.08%	0.07%	0.07%
	EBAY	B	0.17%	0.06%	0.06%
	ECL	B	0.09%	0.13%	0.09%
	ED	D	0.12%	0.06%	0.06%
	EFX	B	0.03%	0.06%	0.03%
	EG	D	0.03%	0.03%	0.03%
	EIX	D	0.09%	0.06%	0.06%
	EL	F	0.05%	0.05%	0.05%
	ELV	C	0.51%	0.26%	0.26%
	EME	D	0.05%	0.04%	0.04%
	EMN	D	0.08%	0.02%	0.02%
	EMR	C	0.16%	0.13%	0.13%
	EOG	C	0.22%	0.15%	0.15%
	EPAM	D	0.01%	0.02%	0.01%
	EQH	B	0.05%	0.03%	0.03%
	EQIX	D	0.07%	0.15%	0.07%
	EQR	B	0.05%	0.05%	0.05%
	EQT	D	0.02%	0.03%	0.02%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.03%	0.04%	0.03%
	ETN	C	0.23%	0.26%	0.23%
	ETR	D	0.1%	0.05%	0.05%
	EVRG	D	0.07%	0.03%	0.03%
	EW	B	0.05%	0.12%	0.05%
	EXC	D	0.16%	0.07%	0.07%
	EXPD	B	0.02%	0.04%	0.02%
	EXPE	C	0.03%	0.03%	0.03%
	EXR	B	0.03%	0.07%	0.03%
	F	B	0.37%	0.1%	0.1%
	FANG	A	0.05%	0.07%	0.05%
	FAST	F	0.06%	0.08%	0.06%
	FCNCA	C	0.02%	0.04%	0.02%
	FCX	C	0.16%	0.14%	0.14%
	FDX	B	0.35%	0.14%	0.14%
	FE	C	0.09%	0.04%	0.04%
	FFIV	D	0.03%	0.02%	0.02%
	FIS	B	0.12%	0.09%	0.09%
	FITB	C	0.11%	0.05%	0.05%
	FLEX	C	0.05%	0.02%	0.02%
	FNF	D	0.06%	0.03%	0.03%
	FOXA	A	0.08%	0.02%	0.02%
	FSLR	C	0.02%	0.05%	0.02%
	FTNT	D	0.02%	0.08%	0.02%
	FTV	D	0.03%	0.05%	0.03%
	GD	D	0.23%	0.14%	0.14%
	GDDY	A	0.02%	0.04%	0.02%
	GE	C	0.17%	0.36%	0.17%
	GEHC	D	0.07%	0.06%	0.06%
	GEV	C	0.04%	0.1%	0.04%
	GGG	D	0.02%	0.03%	0.02%
	GILD	C	0.3%	0.18%	0.18%
	GIS	D	0.12%	0.08%	0.08%
	GLPI	C	0.02%	0.02%	0.02%
	GLW	B	0.13%	0.06%	0.06%
	GM	B	0.71%	0.11%	0.11%
	GOOG	A	1.31%	2.03%	1.31%
	GOOGL	A	1.5%	2.26%	1.5%
	GPC	F	0.06%	0.04%	0.04%
	GPN	D	0.07%	0.05%	0.05%
	GRMN	C	0.04%	0.05%	0.04%
	GS	A	0.54%	0.3%	0.3%
	GWW	C	0.07%	0.08%	0.07%
	HAL	F	0.07%	0.06%	0.06%
	HBAN	C	0.06%	0.04%	0.04%
	HCA	B	0.23%	0.14%	0.14%
	HD	C	0.73%	0.7%	0.7%
	HES	C	0.05%	0.09%	0.05%
	HIG	C	0.14%	0.06%	0.06%
	HII	D	0.04%	0.02%	0.02%
	HLT	A	0.06%	0.11%	0.06%
	HOLX	C	0.04%	0.04%	0.04%
	HON	B	0.37%	0.29%	0.29%
	HPE	C	0.23%	0.06%	0.06%
	HPQ	C	0.21%	0.07%	0.07%
	HRL	F	0.03%	0.02%	0.02%
	HST	D	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.06%	0.04%
	HUBB	D	0.03%	0.04%	0.03%
	HUM	C	0.24%	0.09%	0.09%
	HWM	C	0.06%	0.07%	0.06%
	IBM	B	0.51%	0.32%	0.32%
	ICE	A	0.11%	0.16%	0.11%
	IDXX	D	0.03%	0.08%	0.03%
	IEX	F	0.02%	0.03%	0.02%
	IFF	B	0.06%	0.05%	0.05%
	ILMN	F	0.02%	0.04%	0.02%
	INTC	D	0.97%	0.27%	0.27%
	INTU	B	0.11%	0.38%	0.11%
	INVH	A	0.03%	0.04%	0.03%
	IP	C	0.14%	0.03%	0.03%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.08%	0.08%	0.08%
	IR	D	0.03%	0.08%	0.03%
	IRM	A	0.06%	0.05%	0.05%
	ISRG	B	0.08%	0.33%	0.08%
	IT	C	0.03%	0.07%	0.03%
	ITW	D	0.14%	0.15%	0.14%
	J	D	0.06%	0.04%	0.04%
	JBHT	F	0.04%	0.03%	0.03%
	JBL	F	0.05%	0.03%	0.03%
	JCI	D	0.14%	0.09%	0.09%
	JKHY	C	0.02%	0.02%	0.02%
	JNJ	F	0.91%	0.73%	0.73%
	JNPR	B	0.05%	0.02%	0.02%
	JPM	A	1.93%	1.18%	1.18%
	K	D	0.05%	0.03%	0.03%
	KDP	D	0.08%	0.08%	0.08%
	KEY	C	0.08%	0.03%	0.03%
	KEYS	F	0.03%	0.05%	0.03%
	KHC	D	0.1%	0.06%	0.06%
	KIM	B	0.03%	0.03%	0.03%
	KKR	C	0.1%	0.14%	0.1%
	KLAC	B	0.11%	0.23%	0.11%
	KMB	B	0.11%	0.1%	0.1%
	KMI	A	0.19%	0.08%	0.08%
	KMX	B	0.06%	0.02%	0.02%
	KO	B	0.4%	0.52%	0.4%
	KR	C	0.27%	0.07%	0.07%
	KVUE	F	0.02%	0.07%	0.02%
	L	D	0.05%	0.03%	0.03%
	LDOS	B	0.07%	0.04%	0.04%
	LECO	F	0.02%	0.02%	0.02%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.16%	0.07%	0.07%
	LHX	A	0.16%	0.09%	0.09%
	LII	A	0.03%	0.04%	0.03%
	LIN	C	0.34%	0.44%	0.34%
	LKQ	F	0.05%	0.02%	0.02%
	LLY	B	0.27%	1.59%	0.27%
	LMT	B	0.34%	0.21%	0.21%
	LNG	B	0.05%	0.08%	0.05%
	LNT	C	0.04%	0.03%	0.03%
	LOW	D	0.37%	0.26%	0.26%
	LPLA	B	0.04%	0.04%	0.04%
	LRCX	A	0.23%	0.29%	0.23%
	LULU	F	0.02%	0.07%	0.02%
	LUV	B	0.02%	0.04%	0.02%
	LVS	F	0.03%	0.04%	0.03%
	LW	F	0.02%	0.02%	0.02%
	LYB	D	0.16%	0.05%	0.05%
	MA	D	0.26%	0.76%	0.26%
	MAA	C	0.03%	0.03%	0.03%
	MAR	C	0.08%	0.12%	0.08%
	MAS	D	0.05%	0.03%	0.03%
	MCD	F	0.31%	0.39%	0.31%
	MCHP	C	0.06%	0.1%	0.06%
	MCK	B	0.12%	0.16%	0.12%
	MCO	A	0.07%	0.14%	0.07%
	MDLZ	D	0.21%	0.19%	0.19%
	MDT	D	0.25%	0.22%	0.22%
	MET	D	0.25%	0.09%	0.09%
	META	B	1.88%	2.36%	1.88%
	MGM	B	0.07%	0.02%	0.02%
	MKC	D	0.03%	0.04%	0.03%
	MKL	D	0.05%	0.04%	0.04%
	MLM	D	0.04%	0.07%	0.04%
	MMC	A	0.14%	0.22%	0.14%
	MMM	B	0.32%	0.12%	0.12%
	MNST	F	0.04%	0.08%	0.04%
	MO	A	0.34%	0.16%	0.16%
	MOH	F	0.04%	0.04%	0.04%
	MOS	F	0.07%	0.02%	0.02%
	MPC	D	0.46%	0.13%	0.13%
	MRK	C	0.59%	0.68%	0.59%
	MRNA	D	0.07%	0.08%	0.07%
	MRO	B	0.09%	0.03%	0.03%
	MRVL	C	0.04%	0.12%	0.04%
	MS	B	0.36%	0.25%	0.25%
	MSCI	C	0.02%	0.08%	0.02%
	MSFT	A	2.77%	6.97%	2.77%
	MSI	B	0.06%	0.13%	0.06%
	MTB	B	0.09%	0.05%	0.05%
	MTD	C	0.04%	0.06%	0.04%
	MU	C	0.55%	0.3%	0.3%
	NDAQ	C	0.03%	0.05%	0.03%
	NDSN	D	0.02%	0.02%	0.02%
	NEE	D	0.26%	0.31%	0.26%
	NEM	B	0.16%	0.1%	0.1%
	NFLX	A	0.15%	0.61%	0.15%
	NI	B	0.04%	0.03%	0.03%
	NKE	F	0.22%	0.23%	0.22%
	NOC	D	0.18%	0.13%	0.13%
	NOW	B	0.01%	0.33%	0.01%
	NRG	C	0.11%	0.03%	0.03%
	NSC	D	0.18%	0.1%	0.1%
	NTAP	A	0.09%	0.06%	0.06%
	NTRS	B	0.07%	0.04%	0.04%
	NUE	D	0.2%	0.08%	0.08%
	NVDA	B	0.41%	6.11%	0.41%
	NVR	D	0.07%	0.05%	0.05%
	NVT	C	0.03%	0.03%	0.03%
	NWSA	A	0.04%	0.02%	0.02%
	NXPI	B	0.09%	0.14%	0.09%
	O	D	0.04%	0.09%	0.04%
	OC	D	0.06%	0.03%	0.03%
	ODFL	D	0.04%	0.07%	0.04%
	OKE	A	0.12%	0.1%	0.1%
	OMC	D	0.07%	0.04%	0.04%
	ON	D	0.04%	0.06%	0.04%
	ORCL	A	0.42%	0.46%	0.42%
	ORLY	C	0.1%	0.13%	0.1%
	OTIS	B	0.05%	0.08%	0.05%
	OVV	C	0.06%	0.03%	0.03%
	OXY	D	0.14%	0.08%	0.08%
	PAG	D	0.02%	0.01%	0.01%
	PANW	B	0.03%	0.23%	0.03%
	PAYX	D	0.05%	0.08%	0.05%
	PCAR	D	0.14%	0.11%	0.11%
	PCG	D	0.03%	0.08%	0.03%
	PEG	A	0.1%	0.08%	0.08%
	PEP	D	0.44%	0.47%	0.44%
	PFE	D	0.73%	0.33%	0.33%
	PFG	D	0.08%	0.04%	0.04%
	PFGC	D	0.05%	0.02%	0.02%
	PG	C	0.83%	0.81%	0.81%
	PGR	B	0.22%	0.26%	0.22%
	PH	C	0.1%	0.13%	0.1%
	PHM	D	0.11%	0.05%	0.05%
	PKG	C	0.06%	0.03%	0.03%
	PLD	C	0.07%	0.21%	0.07%
	PM	B	0.43%	0.33%	0.33%
	PNC	C	0.25%	0.13%	0.13%
	PNR	D	0.03%	0.03%	0.03%
	POOL	F	0.02%	0.02%	0.02%
	PPG	D	0.08%	0.06%	0.06%
	PPL	D	0.1%	0.04%	0.04%
	PRU	A	0.24%	0.09%	0.09%
	PSA	B	0.05%	0.09%	0.05%
	PSX	D	0.41%	0.12%	0.12%
	PWR	D	0.07%	0.08%	0.07%
	PYPL	D	0.16%	0.13%	0.13%
	QCOM	B	0.57%	0.45%	0.45%
	QRVO	B	0.05%	0.02%	0.02%
	REG	C	0.02%	0.02%	0.02%
	REGN	B	0.15%	0.23%	0.15%
	RF	B	0.07%	0.04%	0.04%
	RGA	B	0.04%	0.03%	0.03%
	RJF	D	0.04%	0.05%	0.04%
	RMD	D	0.03%	0.06%	0.03%
	ROK	D	0.06%	0.06%	0.06%
	ROP	B	0.06%	0.12%	0.06%
	ROST	B	0.08%	0.1%	0.08%
	RPM	D	0.03%	0.03%	0.03%
	RRX	F	0.03%	0.02%	0.02%
	RS	D	0.08%	0.03%	0.03%
	RSG	A	0.07%	0.08%	0.07%
	RTX	D	0.32%	0.28%	0.28%
	SBAC	F	0.02%	0.04%	0.02%
	SBUX	F	0.23%	0.19%	0.19%
	SCHW	C	0.12%	0.22%	0.12%
	SCI	C	0.02%	0.02%	0.02%
	SHW	D	0.07%	0.14%	0.07%
	SJM	F	0.06%	0.02%	0.02%
	SLB	C	0.14%	0.14%	0.14%
	SNA	F	0.04%	0.03%	0.03%
	SNPS	B	0.04%	0.19%	0.04%
	SNX	D	0.03%	0.01%	0.01%
	SO	B	0.26%	0.18%	0.18%
	SOLV	F	0.03%	0.01%	0.01%
	SPG	B	0.1%	0.1%	0.1%
	SPGI	B	0.13%	0.29%	0.13%
	SQ	D	0.02%	0.07%	0.02%
	SRE	B	0.12%	0.1%	0.1%
	SSNC	B	0.03%	0.03%	0.03%
	STE	D	0.03%	0.04%	0.03%
	STLD	D	0.1%	0.04%	0.04%
	STT	C	0.09%	0.05%	0.05%
	STX	B	0.11%	0.04%	0.04%
	STZ	C	0.08%	0.09%	0.08%
	SUI	C	0.02%	0.03%	0.02%
	SWK	F	0.07%	0.03%	0.03%
	SWKS	C	0.05%	0.04%	0.04%
	SYF	B	0.27%	0.04%	0.04%
	SYK	C	0.12%	0.25%	0.12%
	SYY	D	0.1%	0.07%	0.07%
	T	B	1.22%	0.28%	0.28%
	TAP	F	0.05%	0.02%	0.02%
	TDG	D	0.08%	0.15%	0.08%
	TDY	D	0.02%	0.04%	0.02%
	TEL	B	0.11%	0.09%	0.09%
	TER	A	0.06%	0.05%	0.05%
	TFC	B	0.21%	0.1%	0.1%
	TFX	D	0.02%	0.02%	0.02%
	TGT	D	0.38%	0.14%	0.14%
	THC	B	0.07%	0.03%	0.03%
	TJX	B	0.23%	0.26%	0.23%
	TMO	D	0.27%	0.44%	0.27%
	TMUS	B	0.21%	0.15%	0.15%
	TOL	D	0.05%	0.02%	0.02%
	TRGP	A	0.05%	0.06%	0.05%
	TRMB	D	0.03%	0.03%	0.03%
	TROW	C	0.13%	0.05%	0.05%
	TRU	C	0.02%	0.03%	0.02%
	TRV	D	0.27%	0.1%	0.1%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	0.16%	1.13%	0.16%
	TSN	D	0.19%	0.03%	0.03%
	TT	B	0.08%	0.16%	0.08%
	TTWO	C	0.03%	0.05%	0.03%
	TXN	B	0.35%	0.36%	0.35%
	TXT	D	0.06%	0.03%	0.03%
	UBER	B	0.04%	0.29%	0.04%
	UDR	B	0.02%	0.03%	0.02%
	UHAL	C	0.02%	0.01%	0.01%
	UHAL	C	0.02%	0.0%	0.0%
	UHAL	C	0.0%	0.0%	0.0%
	UHAL	C	0.0%	0.01%	0.0%
	UHS	B	0.09%	0.02%	0.02%
	ULTA	D	0.03%	0.04%	0.03%
	UNH	D	1.06%	0.93%	0.93%
	UNM	D	0.05%	0.02%	0.02%
	UNP	D	0.37%	0.28%	0.28%
	UPS	F	0.27%	0.21%	0.21%
	URI	C	0.11%	0.09%	0.09%
	USB	C	0.28%	0.13%	0.13%
	USFD	B	0.07%	0.03%	0.03%
	V	D	0.33%	0.87%	0.33%
	VICI	D	0.02%	0.06%	0.02%
	VLO	C	0.45%	0.1%	0.1%
	VMC	D	0.04%	0.07%	0.04%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	C	0.01%	0.03%	0.01%
	VRTX	B	0.08%	0.25%	0.08%
	VST	C	0.13%	0.06%	0.06%
	VTR	A	0.07%	0.04%	0.04%
	VTRS	F	0.09%	0.03%	0.03%
	VZ	B	1.26%	0.36%	0.36%
	WAB	D	0.06%	0.06%	0.06%
	WAT	F	0.03%	0.04%	0.03%
	WBA	F	0.19%	0.02%	0.02%
	WBD	F	0.06%	0.03%	0.03%
	WDC	B	0.17%	0.05%	0.05%
	WEC	D	0.07%	0.05%	0.05%
	WELL	A	0.09%	0.13%	0.09%
	WFC	C	1.22%	0.41%	0.41%
	WLK	D	0.02%	0.01%	0.01%
	WM	B	0.16%	0.16%	0.16%
	WMB	A	0.14%	0.11%	0.11%
	WMT	A	1.32%	0.61%	0.61%
	WPC	D	0.02%	0.03%	0.02%
	WRB	C	0.03%	0.03%	0.03%
	WRK	D	0.12%	0.03%	0.03%
	WSM	D	0.06%	0.04%	0.04%
	WSO	B	0.03%	0.03%	0.03%
	WST	F	0.02%	0.05%	0.02%
	WTRG	D	0.01%	0.02%	0.01%
	WTW	B	0.06%	0.06%	0.06%
	WY	F	0.08%	0.04%	0.04%
	XEL	D	0.1%	0.06%	0.06%
	XOM	C	2.04%	1.07%	1.07%
	XYL	D	0.04%	0.07%	0.04%
	YUM	D	0.08%	0.08%	0.08%
	ZBH	F	0.05%	0.05%	0.05%
	ZBRA	C	0.03%	0.03%	0.03%
	ZTS	C	0.08%	0.17%	0.08%

FNDX Overweight 214 Positions Relative to ILCB

	Symbol	Grade	Weight
	PARA	D	0.1%
	LUMN	F	0.1%
	JLL	B	0.08%
	AVT	D	0.08%
	X	D	0.08%
	ARW	D	0.08%
	KSS	F	0.08%
	CHRW	C	0.07%
	OGN	C	0.07%
	M	D	0.07%
	WHR	C	0.07%
	OMF	C	0.06%
	KD	B	0.06%
	AA	B	0.06%
	LNC	B	0.06%
	R	B	0.06%
	LEA	F	0.06%
	DXC	C	0.05%
	PVH	F	0.05%
	JEF	A	0.05%
	GPS	C	0.05%
	ZION	B	0.05%
	BWA	F	0.05%
	VFC	C	0.05%
	LAD	D	0.05%
	AN	C	0.05%
	MAN	D	0.05%
	CMA	C	0.05%
	ZIM	B	0.05%
	MHK	D	0.05%
	FL	D	0.04%
	CLF	D	0.04%
	THO	D	0.04%
	AYI	C	0.04%
	DOX	D	0.04%
	SLM	C	0.04%
	FAF	D	0.04%
	OSK	D	0.04%
	HUN	F	0.04%
	KNX	C	0.04%
	ALSN	C	0.04%
	BERY	D	0.04%
	TPR	C	0.04%
	SFM	B	0.04%
	WU	D	0.04%
	PNW	D	0.04%
	HSIC	F	0.04%
	TDS	B	0.04%
	GPI	D	0.04%
	INGR	D	0.04%
	PBF	D	0.04%
	AAP	F	0.04%
	IVZ	D	0.04%
	GT	F	0.04%
	MUSA	C	0.04%
	ORI	C	0.04%
	UGI	D	0.04%
	MLI	C	0.03%
	BC	F	0.03%
	ITT	D	0.03%
	SLG	B	0.03%
	LSTR	B	0.03%
	AIZ	D	0.03%
	HBI	D	0.03%
	CHKP	A	0.03%
	FLR	B	0.03%
	XRX	F	0.03%
	PK	D	0.03%
	GL	C	0.03%
	SON	F	0.03%
	CAR	F	0.03%
	JHG	A	0.03%
	SKX	C	0.03%
	SEE	D	0.03%
	TPH	D	0.03%
	NOV	C	0.03%
	VOYA	D	0.03%
	FMC	F	0.03%
	FHN	C	0.03%
	OGE	C	0.03%
	KBH	C	0.03%
	QRTEA	F	0.03%
	ARMK	B	0.03%
	ALV	D	0.03%
	AER	B	0.03%
	FYBR	B	0.03%
	GNW	D	0.03%
	RL	C	0.03%
	CMC	D	0.03%
	MTH	D	0.03%
	GPK	D	0.03%
	CCEP	B	0.03%
	GNTX	C	0.03%
	SWN	C	0.03%
	LPX	D	0.03%
	MTZ	C	0.03%
	CACI	B	0.03%
	CRBG	C	0.03%
	HAS	D	0.03%
	BCC	F	0.03%
	AGCO	F	0.03%
	NXST	C	0.03%
	CNO	B	0.03%
	UFPI	D	0.03%
	WCC	D	0.03%
	SANM	B	0.03%
	TMHC	D	0.03%
	AMG	D	0.03%
	RHI	F	0.03%
	OLN	F	0.03%
	VNO	B	0.03%
	BBWI	F	0.03%
	BAP	C	0.03%
	EVR	A	0.03%
	JXN	B	0.03%
	LILAK	B	0.02%
	OI	F	0.02%
	CNX	C	0.02%
	MTN	F	0.02%
	VAC	F	0.02%
	DK	D	0.02%
	MIDD	F	0.02%
	CRI	F	0.02%
	PRGO	D	0.02%
	ADNT	F	0.02%
	GXO	D	0.02%
	RUSHA	F	0.02%
	WERN	D	0.02%
	XRAY	F	0.02%
	FLO	D	0.02%
	POR	D	0.02%
	CZR	C	0.02%
	FTI	B	0.02%
	HRB	A	0.02%
	MPW	F	0.02%
	ICLR	B	0.02%
	TGNA	D	0.02%
	TPX	D	0.02%
	HUBG	B	0.02%
	PENN	C	0.02%
	JWN	B	0.02%
	DAN	F	0.02%
	NFG	C	0.02%
	GNRC	C	0.02%
	TKR	D	0.02%
	ETRN	D	0.02%
	REZI	D	0.02%
	ASGN	D	0.02%
	SM	D	0.02%
	ASO	F	0.02%
	EXP	D	0.02%
	BECN	D	0.02%
	NAVI	D	0.02%
	DAR	D	0.02%
	KBR	C	0.02%
	G	D	0.02%
	BRX	B	0.02%
	POST	C	0.02%
	ODP	D	0.02%
	STWD	C	0.02%
	CPRI	D	0.02%
	BTU	C	0.02%
	TTC	C	0.02%
	SNV	A	0.02%
	AL	C	0.02%
	THG	C	0.02%
	ATR	D	0.02%
	PRI	C	0.02%
	MKSI	B	0.02%
	AXTA	C	0.02%
	DCI	D	0.02%
	CTLT	B	0.02%
	MTG	B	0.02%
	MDU	C	0.02%
	EHC	A	0.02%
	LAMR	A	0.02%
	ABM	B	0.02%
	SEIC	C	0.02%
	PII	F	0.02%
	CIEN	F	0.02%
	ST	D	0.02%
	CW	B	0.02%
	HOG	F	0.02%
	SAIC	F	0.02%
	CC	F	0.02%
	ABG	D	0.02%
	NSIT	B	0.02%
	NWL	F	0.02%
	MUR	D	0.02%
	EWBC	C	0.02%
	BPOP	C	0.02%
	BIG	F	0.01%
	CNXC	C	0.01%
	ALK	D	0.01%
	COHR	A	0.01%
	HTZ	F	0.01%
	MATX	B	0.01%
	NYCB	D	0.01%
	DBX	D	0.01%
	ANDE	F	0.01%
	CYH	D	0.01%
	MSM	F	0.01%
	VSH	D	0.01%
	JAZZ	F	0.01%
	CHE	D	0.01%
	SPTN	F	0.01%
	LEG	F	0.01%
	MMS	B	0.01%
	CBOE	D	0.01%
	UNFI	C	0.01%
	ARCH	C	0.01%
	AEO	F	0.01%
	TNL	D	0.01%
	AAL	F	0.0%

FNDX Underweight 108 Positions Relative to ILCB

	Symbol	Grade	Weight
	FI	D	-0.18%
	CRWD	A	-0.18%
	MELI	D	-0.17%
	ABNB	B	-0.13%
	CRH	D	-0.11%
	WDAY	D	-0.1%
	PLTR	B	-0.1%
	TTD	A	-0.09%
	SNOW	D	-0.09%
	COIN	D	-0.09%
	SMCI	C	-0.09%
	DXCM	F	-0.09%
	RCL	B	-0.08%
	MPWR	A	-0.08%
	DDOG	B	-0.08%
	COR	C	-0.08%
	FERG	D	-0.08%
	DASH	D	-0.07%
	FICO	A	-0.07%
	VEEV	F	-0.06%
	TEAM	D	-0.06%
	HUBS	D	-0.06%
	CSGP	F	-0.06%
	ALNY	A	-0.06%
	VRT	C	-0.06%
	PTC	B	-0.05%
	VLTO	D	-0.05%
	MSTR	D	-0.05%
	NET	B	-0.05%
	CPNG	D	-0.05%
	ARES	C	-0.05%
	PINS	B	-0.05%
	ZS	B	-0.04%
	MDB	D	-0.04%
	APP	A	-0.04%
	DKNG	F	-0.04%
	LH	C	-0.04%
	COO	D	-0.04%
	SNAP	C	-0.04%
	RBLX	B	-0.04%
	PSTG	C	-0.04%
	ENTG	B	-0.04%
	TYL	B	-0.04%
	AXON	C	-0.04%
	UTHR	B	-0.03%
	AMH	A	-0.03%
	DT	F	-0.03%
	SAIA	B	-0.03%
	TW	C	-0.03%
	WING	B	-0.03%
	RVTY	F	-0.03%
	IBKR	B	-0.03%
	NBIX	C	-0.03%
	HEI	A	-0.03%
	NTRA	B	-0.03%
	LYV	C	-0.03%
	ZM	D	-0.03%
	NTNX	D	-0.03%
	TPL	B	-0.03%
	ENPH	F	-0.03%
	SRPT	C	-0.03%
	PODD	C	-0.03%
	OKTA	C	-0.03%
	ROL	A	-0.03%
	GEN	B	-0.03%
	FWONK	B	-0.03%
	FDS	D	-0.03%
	UAL	D	-0.03%
	MANH	B	-0.03%
	BMRN	D	-0.03%
	DAY	D	-0.02%
	MORN	B	-0.02%
	EXAS	F	-0.02%
	WYNN	F	-0.02%
	CNM	D	-0.02%
	CELH	F	-0.02%
	ERIE	C	-0.02%
	TWLO	D	-0.02%
	SCCO	C	-0.02%
	HEI	A	-0.02%
	INCY	C	-0.02%
	CHDN	A	-0.02%
	FND	F	-0.02%
	MEDP	C	-0.02%
	RPRX	F	-0.02%
	DOCU	D	-0.02%
	TECH	D	-0.02%
	FIX	C	-0.02%
	WMS	D	-0.02%
	TTEK	C	-0.02%
	RNR	D	-0.02%
	HOOD	B	-0.02%
	CLH	B	-0.02%
	ELS	C	-0.02%
	XPO	D	-0.02%
	NWS	A	-0.01%
	COTY	F	-0.01%
	FOX	A	-0.01%
	U	F	-0.01%
	PCOR	C	-0.01%
	AZPN	C	-0.01%
	BRKR	F	-0.01%
	BSY	D	-0.01%
	PAYC	F	-0.01%
	ALAB	D	-0.0%
	FWONA	B	-0.0%
	SIRI	C	-0.0%
	AGR	C	-0.0%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric Oil & Gas E&P Business Services Specialty Retail Banks - Regional - US Information Technology Services Semiconductors Software - Application Specialty Chemicals Packaged Foods Packaging & Containers Credit Services Diagnostics & Research Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

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

ILCB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Utilities - Regulated Electric Semiconductors Oil & Gas E&P Asset Management Specialty Retail Biotechnology Capital Markets Software - Infrastructure Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods

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