FNDX vs. IUSV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Core U.S. Vaue ETF (IUSV)

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

$67.24

Average Daily Volume

402,952

Number of Holdings ^*

710

* may have additional holdings in another (foreign) market

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. 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. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$88.29

Average Daily Volume

462,043

Number of Holdings ^*

735

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	IUSV
30 Days	0.98%	-0.09%
60 Days	3.38%	1.83%
90 Days	0.12%	-1.55%
12 Months	21.47%	18.18%

547 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in IUSV	Overlap
A	C	0.06%	0.18%	0.06%
AA	C	0.06%	0.03%	0.03%
ABBV	B	0.53%	0.91%	0.53%
ABT	C	0.3%	0.87%	0.3%
ACM	C	0.04%	0.03%	0.03%
ACN	C	0.27%	0.4%	0.27%
ADI	B	0.14%	0.23%	0.14%
ADM	F	0.21%	0.15%	0.15%
ADNT	F	0.02%	0.01%	0.01%
ADP	B	0.13%	0.29%	0.13%
ADSK	B	0.03%	0.11%	0.03%
AEE	D	0.06%	0.09%	0.06%
AEP	D	0.16%	0.22%	0.16%
AES	D	0.07%	0.06%	0.06%
AFG	D	0.04%	0.04%	0.04%
AFL	A	0.19%	0.22%	0.19%
AGCO	F	0.03%	0.03%	0.03%
AIG	C	0.31%	0.25%	0.25%
AIZ	D	0.03%	0.04%	0.03%
AJG	B	0.05%	0.13%	0.05%
AKAM	F	0.03%	0.03%	0.03%
ALB	F	0.02%	0.06%	0.02%
ALGN	F	0.02%	0.04%	0.02%
ALL	C	0.28%	0.2%	0.2%
ALLE	D	0.02%	0.03%	0.02%
ALLY	B	0.13%	0.05%	0.05%
ALV	D	0.04%	0.02%	0.02%
AME	D	0.05%	0.1%	0.05%
AMG	C	0.03%	0.03%	0.03%
AMGN	B	0.48%	0.77%	0.48%
AMP	A	0.13%	0.1%	0.1%
AMT	C	0.12%	0.26%	0.12%
AN	D	0.05%	0.02%	0.02%
ANSS	D	0.02%	0.06%	0.02%
AON	C	0.11%	0.14%	0.11%
AOS	D	0.03%	0.02%	0.02%
APD	C	0.11%	0.3%	0.11%
APH	B	0.1%	0.17%	0.1%
APTV	F	0.06%	0.09%	0.06%
AR	B	0.03%	0.05%	0.03%
ARE	C	0.03%	0.09%	0.03%
ARMK	A	0.03%	0.04%	0.03%
ARW	C	0.08%	0.03%	0.03%
ASGN	D	0.02%	0.02%	0.02%
ATO	B	0.03%	0.08%	0.03%
ATR	C	0.02%	0.02%	0.02%
AVB	A	0.05%	0.14%	0.05%
AVT	B	0.08%	0.02%	0.02%
AVY	B	0.05%	0.09%	0.05%
AWK	C	0.04%	0.12%	0.04%
AXP	C	0.37%	0.19%	0.19%
AYI	D	0.04%	0.02%	0.02%
AZO	B	0.06%	0.07%	0.06%
BA	D	0.16%	0.28%	0.16%
BAC	B	1.38%	1.31%	1.31%
BALL	D	0.06%	0.1%	0.06%
BAX	D	0.07%	0.08%	0.07%
BBWI	D	0.04%	0.05%	0.04%
BBY	B	0.19%	0.08%	0.08%
BC	F	0.03%	0.01%	0.01%
BDX	D	0.11%	0.33%	0.11%
BEN	D	0.04%	0.03%	0.03%
BERY	C	0.04%	0.03%	0.03%
BG	B	0.1%	0.07%	0.07%
BIIB	C	0.12%	0.16%	0.12%
BJ	A	0.02%	0.06%	0.02%
BK	B	0.24%	0.21%	0.21%
BKR	B	0.14%	0.15%	0.14%
BLK	B	0.24%	0.52%	0.24%
BMY	D	0.27%	0.41%	0.27%
BR	B	0.03%	0.05%	0.03%
BRK.A	B	2.18%	3.57%	2.18%
BRO	B	0.02%	0.02%	0.02%
BRX	B	0.02%	0.02%	0.02%
BSX	A	0.09%	0.25%	0.09%
BURL	A	0.03%	0.03%	0.03%
BWA	F	0.05%	0.04%	0.04%
BX	B	0.1%	0.12%	0.1%
BXP	B	0.04%	0.04%	0.04%
C	C	1.23%	0.55%	0.55%
CACI	A	0.03%	0.03%	0.03%
CAG	C	0.06%	0.07%	0.06%
CAH	B	0.07%	0.12%	0.07%
CARR	B	0.12%	0.14%	0.12%
CAT	C	0.4%	0.33%	0.33%
CB	B	0.28%	0.51%	0.28%
CBRE	C	0.09%	0.12%	0.09%
CC	F	0.02%	0.02%	0.02%
CCI	D	0.09%	0.21%	0.09%
CCK	D	0.03%	0.02%	0.02%
CCL	B	0.05%	0.02%	0.02%
CDW	D	0.06%	0.08%	0.06%
CEG	B	0.13%	0.18%	0.13%
CF	D	0.05%	0.03%	0.03%
CFG	C	0.1%	0.08%	0.08%
CG	D	0.03%	0.02%	0.02%
CHD	C	0.05%	0.07%	0.05%
CHE	D	0.02%	0.02%	0.02%
CHK	D	0.01%	0.05%	0.01%
CHRW	B	0.06%	0.05%	0.05%
CHTR	C	0.26%	0.07%	0.07%
CI	C	0.51%	0.47%	0.47%
CIEN	D	0.02%	0.02%	0.02%
CINF	C	0.06%	0.09%	0.06%
CL	A	0.16%	0.23%	0.16%
CLF	F	0.03%	0.04%	0.03%
CLX	D	0.03%	0.08%	0.03%
CMA	C	0.05%	0.03%	0.03%
CMC	C	0.03%	0.03%	0.03%
CMCSA	D	0.69%	0.72%	0.69%
CME	D	0.07%	0.22%	0.07%
CMI	C	0.17%	0.18%	0.17%
CMS	D	0.06%	0.09%	0.06%
CNC	D	0.22%	0.18%	0.18%
CNO	C	0.03%	0.01%	0.01%
CNP	B	0.07%	0.09%	0.07%
COF	D	0.41%	0.25%	0.25%
COP	D	0.43%	0.19%	0.19%
COST	B	0.75%	1.06%	0.75%
CPB	D	0.03%	0.04%	0.03%
CPRI	F	0.02%	0.01%	0.01%
CPT	A	0.02%	0.06%	0.02%
CRI	F	0.02%	0.01%	0.01%
CRL	F	0.02%	0.05%	0.02%
CSCO	C	0.7%	0.9%	0.7%
CSX	D	0.21%	0.15%	0.15%
CTAS	A	0.08%	0.13%	0.08%
CTLT	B	0.02%	0.05%	0.02%
CTSH	C	0.16%	0.16%	0.16%
CTVA	C	0.08%	0.17%	0.08%
CVS	D	0.66%	0.37%	0.37%
CVX	C	1.18%	1.28%	1.18%
CW	B	0.03%	0.02%	0.02%
CZR	C	0.01%	0.02%	0.01%
D	D	0.17%	0.2%	0.17%
DAL	D	0.03%	0.07%	0.03%
DAR	D	0.02%	0.03%	0.02%
DCI	D	0.02%	0.02%	0.02%
DD	B	0.19%	0.17%	0.17%
DE	D	0.21%	0.21%	0.21%
DFS	B	0.22%	0.07%	0.07%
DG	D	0.12%	0.13%	0.12%
DGX	B	0.07%	0.07%	0.07%
DHR	C	0.16%	0.81%	0.16%
DINO	D	0.05%	0.04%	0.04%
DIS	C	0.44%	0.89%	0.44%
DKS	B	0.05%	0.03%	0.03%
DLR	B	0.08%	0.14%	0.08%
DLTR	F	0.07%	0.11%	0.07%
DOC	B	0.04%	0.07%	0.04%
DOV	B	0.06%	0.12%	0.06%
DOW	D	0.21%	0.19%	0.19%
DPZ	B	0.05%	0.05%	0.05%
DRI	C	0.04%	0.04%	0.04%
DTE	D	0.08%	0.11%	0.08%
DUK	C	0.3%	0.38%	0.3%
DVA	B	0.07%	0.02%	0.02%
DVN	C	0.08%	0.14%	0.08%
EA	B	0.08%	0.09%	0.08%
EBAY	B	0.18%	0.13%	0.13%
ECL	A	0.1%	0.15%	0.1%
ED	D	0.12%	0.15%	0.12%
EFX	C	0.03%	0.09%	0.03%
EG	B	0.04%	0.08%	0.04%
EHC	B	0.02%	0.02%	0.02%
EIX	D	0.09%	0.14%	0.09%
EL	F	0.05%	0.13%	0.05%
ELV	B	0.5%	0.61%	0.5%
EMN	C	0.08%	0.06%	0.06%
EMR	D	0.17%	0.29%	0.17%
EOG	C	0.2%	0.11%	0.11%
EPAM	D	0.01%	0.03%	0.01%
EQH	A	0.05%	0.01%	0.01%
EQIX	D	0.07%	0.18%	0.07%
EQR	A	0.05%	0.11%	0.05%
EQT	D	0.02%	0.08%	0.02%
ES	D	0.08%	0.1%	0.08%
ESS	B	0.03%	0.09%	0.03%
ETN	D	0.26%	0.23%	0.23%
ETR	D	0.09%	0.11%	0.09%
ETRN	C	0.03%	0.02%	0.02%
EVR	B	0.04%	0.01%	0.01%
EVRG	D	0.06%	0.06%	0.06%
EW	B	0.05%	0.16%	0.05%
EWBC	C	0.03%	0.02%	0.02%
EXC	D	0.16%	0.17%	0.16%
EXR	B	0.04%	0.16%	0.04%
F	C	0.35%	0.22%	0.22%
FAF	D	0.04%	0.03%	0.03%
FAST	D	0.06%	0.09%	0.06%
FCX	C	0.16%	0.17%	0.16%
FDX	C	0.29%	0.27%	0.27%
FE	D	0.09%	0.1%	0.09%
FFIV	D	0.03%	0.05%	0.03%
FHN	C	0.03%	0.04%	0.03%
FIS	B	0.14%	0.22%	0.14%
FITB	C	0.12%	0.12%	0.12%
FLO	C	0.02%	0.02%	0.02%
FLR	B	0.03%	0.04%	0.03%
FMC	D	0.02%	0.03%	0.02%
FNF	D	0.06%	0.05%	0.05%
FOXA	A	0.08%	0.04%	0.04%
FSLR	C	0.03%	0.14%	0.03%
FYBR	B	0.03%	0.03%	0.03%
G	D	0.02%	0.02%	0.02%
GD	B	0.24%	0.32%	0.24%
GE	D	0.2%	0.47%	0.2%
GEHC	C	0.03%	0.16%	0.03%
GEV	B	0.05%	0.13%	0.05%
GILD	C	0.26%	0.39%	0.26%
GIS	C	0.12%	0.18%	0.12%
GL	C	0.02%	0.03%	0.02%
GLPI	C	0.02%	0.03%	0.02%
GLW	A	0.14%	0.14%	0.14%
GM	B	0.77%	0.26%	0.26%
GNRC	D	0.02%	0.02%	0.02%
GNTX	D	0.03%	0.01%	0.01%
GPC	D	0.06%	0.09%	0.06%
GPK	C	0.03%	0.04%	0.03%
GPN	F	0.06%	0.12%	0.06%
GPS	C	0.06%	0.03%	0.03%
GRMN	B	0.05%	0.05%	0.05%
GS	B	0.59%	0.71%	0.59%
GT	F	0.04%	0.02%	0.02%
GWW	D	0.07%	0.05%	0.05%
GXO	F	0.02%	0.01%	0.01%
HAL	D	0.07%	0.14%	0.07%
HAS	C	0.03%	0.04%	0.03%
HBAN	C	0.06%	0.09%	0.06%
HCA	A	0.23%	0.17%	0.17%
HD	C	0.76%	1.05%	0.76%
HIG	A	0.15%	0.14%	0.14%
HII	C	0.04%	0.05%	0.04%
HOG	F	0.02%	0.02%	0.02%
HOLX	D	0.04%	0.08%	0.04%
HON	A	0.37%	0.66%	0.37%
HPE	B	0.24%	0.14%	0.14%
HPQ	B	0.22%	0.15%	0.15%
HRL	F	0.03%	0.04%	0.03%
HSIC	D	0.04%	0.04%	0.04%
HST	D	0.04%	0.02%	0.02%
HSY	D	0.04%	0.08%	0.04%
HTZ	F	0.0%	0.0%	0.0%
HUBB	D	0.03%	0.05%	0.03%
HUM	C	0.2%	0.21%	0.2%
HWM	B	0.06%	0.06%	0.06%
IBM	B	0.52%	0.75%	0.52%
ICE	A	0.11%	0.38%	0.11%
IDXX	D	0.03%	0.09%	0.03%
IEX	D	0.02%	0.07%	0.02%
IFF	B	0.06%	0.12%	0.06%
ILMN	D	0.02%	0.08%	0.02%
INGR	D	0.04%	0.02%	0.02%
INTC	F	0.91%	0.62%	0.62%
INVH	A	0.03%	0.1%	0.03%
IP	A	0.15%	0.08%	0.08%
IPG	F	0.04%	0.05%	0.04%
IQV	D	0.08%	0.12%	0.08%
IR	C	0.03%	0.04%	0.03%
IRM	A	0.06%	0.06%	0.06%
ISRG	A	0.08%	0.25%	0.08%
ITW	D	0.15%	0.17%	0.15%
IVZ	C	0.04%	0.03%	0.03%
J	D	0.05%	0.08%	0.05%
JAZZ	F	0.02%	0.02%	0.02%
JBHT	F	0.04%	0.06%	0.04%
JBL	F	0.06%	0.03%	0.03%
JCI	B	0.15%	0.23%	0.15%
JEF	B	0.05%	0.04%	0.04%
JHG	B	0.03%	0.02%	0.02%
JKHY	C	0.02%	0.06%	0.02%
JLL	B	0.08%	0.05%	0.05%
JNJ	F	0.88%	1.69%	0.88%
JNPR	B	0.05%	0.06%	0.05%
JPM	B	2.01%	2.71%	2.01%
JWN	C	0.03%	0.01%	0.01%
K	D	0.05%	0.07%	0.05%
KBH	B	0.03%	0.01%	0.01%
KBR	C	0.02%	0.02%	0.02%
KD	B	0.06%	0.03%	0.03%
KDP	A	0.08%	0.17%	0.08%
KEY	C	0.09%	0.06%	0.06%
KEYS	D	0.03%	0.11%	0.03%
KHC	D	0.1%	0.13%	0.1%
KIM	B	0.03%	0.06%	0.03%
KMB	B	0.12%	0.23%	0.12%
KMI	A	0.19%	0.18%	0.18%
KMX	C	0.06%	0.05%	0.05%
KNX	C	0.03%	0.04%	0.03%
KO	A	0.39%	0.72%	0.39%
KR	D	0.29%	0.16%	0.16%
L	C	0.05%	0.07%	0.05%
LAD	F	0.05%	0.03%	0.03%
LAMR	B	0.02%	0.02%	0.02%
LDOS	A	0.08%	0.1%	0.08%
LEA	F	0.06%	0.03%	0.03%
LEG	F	0.01%	0.01%	0.01%
LEN	D	0.16%	0.08%	0.08%
LHX	A	0.16%	0.2%	0.16%
LIN	B	0.33%	0.49%	0.33%
LKQ	F	0.05%	0.05%	0.05%
LMT	A	0.32%	0.48%	0.32%
LNT	C	0.04%	0.06%	0.04%
LOW	D	0.38%	0.62%	0.38%
LPX	C	0.04%	0.01%	0.01%
LSTR	B	0.02%	0.01%	0.01%
LUV	B	0.02%	0.08%	0.02%
LVS	F	0.03%	0.03%	0.03%
LW	C	0.02%	0.02%	0.02%
LYB	C	0.16%	0.12%	0.12%
M	C	0.07%	0.02%	0.02%
MA	C	0.27%	0.5%	0.27%
MAA	B	0.03%	0.08%	0.03%
MAN	D	0.05%	0.02%	0.02%
MAS	D	0.05%	0.03%	0.03%
MCD	D	0.3%	0.5%	0.3%
MCHP	D	0.06%	0.1%	0.06%
MCK	A	0.12%	0.38%	0.12%
MCO	A	0.07%	0.16%	0.07%
MDLZ	D	0.21%	0.25%	0.21%
MDT	D	0.34%	0.52%	0.34%
MDU	A	0.02%	0.02%	0.02%
MET	C	0.26%	0.2%	0.2%
MGM	B	0.06%	0.02%	0.02%
MHK	D	0.06%	0.03%	0.03%
MIDD	D	0.02%	0.02%	0.02%
MKC	D	0.03%	0.08%	0.03%
MKSI	B	0.02%	0.02%	0.02%
MLM	D	0.05%	0.06%	0.05%
MMC	B	0.14%	0.24%	0.14%
MMM	B	0.32%	0.27%	0.27%
MMS	B	0.02%	0.01%	0.01%
MNST	D	0.04%	0.07%	0.04%
MO	A	0.34%	0.38%	0.34%
MOH	F	0.04%	0.04%	0.04%
MOS	D	0.05%	0.04%	0.04%
MPC	C	0.44%	0.14%	0.14%
MRK	A	0.59%	0.95%	0.59%
MRNA	C	0.07%	0.22%	0.07%
MRO	B	0.08%	0.04%	0.04%
MS	B	0.36%	0.58%	0.36%
MSCI	C	0.02%	0.08%	0.02%
MSI	A	0.06%	0.13%	0.06%
MSM	D	0.02%	0.01%	0.01%
MTB	C	0.09%	0.12%	0.09%
MTD	B	0.04%	0.09%	0.04%
MTG	B	0.02%	0.02%	0.02%
MTN	F	0.01%	0.01%	0.01%
MTZ	B	0.03%	0.03%	0.03%
MU	C	0.69%	0.76%	0.69%
MUR	D	0.02%	0.02%	0.02%
NDAQ	C	0.03%	0.11%	0.03%
NDSN	D	0.02%	0.06%	0.02%
NEE	B	0.26%	0.72%	0.26%
NEM	B	0.17%	0.23%	0.17%
NFG	C	0.02%	0.02%	0.02%
NI	B	0.04%	0.06%	0.04%
NKE	C	0.21%	0.31%	0.21%
NOC	F	0.18%	0.29%	0.18%
NOV	C	0.03%	0.03%	0.03%
NRG	B	0.12%	0.09%	0.09%
NSC	D	0.18%	0.24%	0.18%
NTAP	B	0.1%	0.08%	0.08%
NTRS	D	0.07%	0.08%	0.07%
NUE	F	0.19%	0.07%	0.07%
NWSA	A	0.04%	0.05%	0.04%
NXPI	B	0.13%	0.08%	0.08%
NXST	C	0.03%	0.02%	0.02%
NYCB	F	0.01%	0.01%	0.01%
O	D	0.04%	0.21%	0.04%
OGE	C	0.03%	0.03%	0.03%
OKE	B	0.12%	0.08%	0.08%
OLN	D	0.03%	0.02%	0.02%
OMC	D	0.08%	0.09%	0.08%
ON	D	0.03%	0.08%	0.03%
ORI	C	0.04%	0.04%	0.04%
ORLY	B	0.1%	0.08%	0.08%
OSK	D	0.04%	0.03%	0.03%
OTIS	C	0.05%	0.12%	0.05%
OXY	C	0.13%	0.19%	0.13%
PAG	D	0.02%	0.01%	0.01%
PARA	F	0.09%	0.02%	0.02%
PAYX	B	0.06%	0.11%	0.06%
PBF	D	0.03%	0.02%	0.02%
PCAR	D	0.15%	0.07%	0.07%
PCG	C	0.03%	0.19%	0.03%
PEG	B	0.11%	0.18%	0.11%
PENN	C	0.02%	0.01%	0.01%
PEP	C	0.43%	0.7%	0.43%
PFE	C	0.66%	0.75%	0.66%
PFG	C	0.08%	0.08%	0.08%
PFGC	C	0.05%	0.05%	0.05%
PG	A	0.84%	1.16%	0.84%
PGR	C	0.24%	0.29%	0.24%
PH	D	0.11%	0.07%	0.07%
PII	F	0.02%	0.02%	0.02%
PKG	B	0.06%	0.08%	0.06%
PLD	C	0.07%	0.5%	0.07%
PM	A	0.43%	0.48%	0.43%
PNC	D	0.27%	0.29%	0.27%
PNR	D	0.03%	0.02%	0.02%
PNW	C	0.04%	0.04%	0.04%
POOL	F	0.02%	0.03%	0.02%
POR	C	0.02%	0.02%	0.02%
POST	C	0.02%	0.02%	0.02%
PPG	D	0.08%	0.15%	0.08%
PPL	C	0.11%	0.1%	0.1%
PRGO	F	0.02%	0.02%	0.02%
PRU	A	0.26%	0.2%	0.2%
PSA	B	0.05%	0.13%	0.05%
PSX	C	0.4%	0.29%	0.29%
PVH	C	0.05%	0.03%	0.03%
PWR	B	0.07%	0.06%	0.06%
PYPL	D	0.16%	0.31%	0.16%
QCOM	C	0.69%	0.56%	0.56%
QRVO	B	0.05%	0.05%	0.05%
R	B	0.06%	0.03%	0.03%
REG	B	0.02%	0.05%	0.02%
REGN	A	0.14%	0.21%	0.14%
RF	C	0.07%	0.08%	0.07%
RGA	B	0.05%	0.06%	0.05%
RHI	D	0.03%	0.03%	0.03%
RJF	C	0.04%	0.11%	0.04%
RL	B	0.03%	0.02%	0.02%
RMD	D	0.03%	0.15%	0.03%
ROK	D	0.05%	0.07%	0.05%
ROP	A	0.05%	0.16%	0.05%
RPM	C	0.03%	0.03%	0.03%
RRX	F	0.03%	0.04%	0.03%
RSG	A	0.07%	0.08%	0.07%
RTX	C	0.33%	0.67%	0.33%
SAIC	D	0.02%	0.02%	0.02%
SBAC	F	0.02%	0.06%	0.02%
SBUX	F	0.21%	0.18%	0.18%
SCHW	C	0.13%	0.53%	0.13%
SCI	B	0.02%	0.03%	0.02%
SEIC	C	0.02%	0.02%	0.02%
SFM	A	0.04%	0.02%	0.02%
SHW	D	0.07%	0.17%	0.07%
SJM	F	0.06%	0.06%	0.06%
SLB	C	0.12%	0.3%	0.12%
SLM	C	0.04%	0.01%	0.01%
SNA	D	0.04%	0.04%	0.04%
SNV	C	0.02%	0.03%	0.02%
SNX	C	0.03%	0.05%	0.03%
SO	B	0.26%	0.41%	0.26%
SOLV	F	0.04%	0.04%	0.04%
SON	D	0.03%	0.03%	0.03%
SPG	B	0.11%	0.15%	0.11%
SPGI	B	0.12%	0.38%	0.12%
SRE	B	0.11%	0.23%	0.11%
ST	D	0.02%	0.03%	0.02%
STE	D	0.03%	0.05%	0.03%
STLD	D	0.1%	0.03%	0.03%
STT	C	0.09%	0.1%	0.09%
STWD	D	0.02%	0.03%	0.02%
STX	B	0.11%	0.06%	0.06%
STZ	B	0.08%	0.2%	0.08%
SWK	D	0.07%	0.06%	0.06%
SWKS	B	0.05%	0.08%	0.05%
SYF	B	0.28%	0.08%	0.08%
SYK	B	0.13%	0.2%	0.13%
SYY	C	0.1%	0.17%	0.1%
T	A	1.21%	0.61%	0.61%
TAP	F	0.04%	0.05%	0.04%
TDY	D	0.02%	0.09%	0.02%
TEL	B	0.11%	0.13%	0.11%
TER	B	0.06%	0.11%	0.06%
TFC	C	0.21%	0.23%	0.21%
TFX	D	0.02%	0.05%	0.02%
TGNA	D	0.02%	0.01%	0.01%
TGT	C	0.38%	0.32%	0.32%
THC	B	0.08%	0.07%	0.07%
THG	D	0.02%	0.02%	0.02%
THO	F	0.03%	0.02%	0.02%
TJX	A	0.23%	0.21%	0.21%
TKR	D	0.02%	0.02%	0.02%
TMHC	D	0.03%	0.03%	0.03%
TMO	D	0.27%	0.66%	0.27%
TMUS	B	0.21%	0.44%	0.21%
TNL	B	0.02%	0.0%	0.0%
TPR	C	0.04%	0.05%	0.04%
TRMB	D	0.03%	0.07%	0.03%
TROW	B	0.13%	0.13%	0.13%
TRV	D	0.28%	0.23%	0.23%
TSCO	C	0.07%	0.08%	0.07%
TSN	C	0.19%	0.08%	0.08%
TT	B	0.12%	0.11%	0.11%
TTC	C	0.02%	0.03%	0.02%
TTWO	B	0.02%	0.06%	0.02%
TXN	B	0.36%	0.54%	0.36%
TXT	D	0.06%	0.08%	0.06%
UDR	B	0.02%	0.06%	0.02%
UGI	D	0.04%	0.02%	0.02%
UHS	B	0.09%	0.06%	0.06%
ULTA	D	0.03%	0.03%	0.03%
UNH	D	1.01%	1.38%	1.01%
UNM	C	0.05%	0.03%	0.03%
UNP	D	0.37%	0.36%	0.36%
UPS	F	0.25%	0.47%	0.25%
USB	C	0.29%	0.29%	0.29%
USFD	A	0.07%	0.06%	0.06%
V	C	0.35%	0.7%	0.35%
VAC	F	0.01%	0.01%	0.01%
VICI	D	0.02%	0.14%	0.02%
VLO	C	0.43%	0.25%	0.25%
VMC	D	0.05%	0.06%	0.05%
VNO	B	0.04%	0.02%	0.02%
VOYA	B	0.03%	0.02%	0.02%
VRSK	A	0.04%	0.08%	0.04%
VRSN	C	0.01%	0.04%	0.01%
VRTX	B	0.07%	0.22%	0.07%
VSH	F	0.02%	0.01%	0.01%
VTR	A	0.07%	0.1%	0.07%
VTRS	D	0.08%	0.06%	0.06%
VZ	B	1.27%	0.81%	0.81%
WAB	D	0.06%	0.14%	0.06%
WAT	D	0.04%	0.05%	0.04%
WBA	F	0.23%	0.05%	0.05%
WBD	F	0.05%	0.08%	0.05%
WCC	D	0.03%	0.04%	0.03%
WDC	B	0.19%	0.12%	0.12%
WEC	D	0.07%	0.12%	0.07%
WELL	B	0.09%	0.28%	0.09%
WERN	F	0.02%	0.01%	0.01%
WFC	D	1.36%	1.0%	1.0%
WHR	F	0.06%	0.02%	0.02%
WM	B	0.16%	0.19%	0.16%
WMB	A	0.14%	0.15%	0.14%
WMT	B	1.33%	1.39%	1.33%
WPC	D	0.02%	0.06%	0.02%
WRB	B	0.03%	0.08%	0.03%
WRK	D	0.13%	0.06%	0.06%
WTRG	C	0.02%	0.02%	0.02%
WTW	B	0.06%	0.13%	0.06%
WU	D	0.04%	0.02%	0.02%
WY	F	0.08%	0.1%	0.08%
X	F	0.08%	0.04%	0.04%
XEL	D	0.09%	0.14%	0.09%
XOM	C	1.92%	2.38%	1.92%
XRAY	F	0.02%	0.03%	0.02%
XYL	C	0.04%	0.16%	0.04%
YUM	D	0.09%	0.1%	0.09%
ZBH	D	0.05%	0.11%	0.05%
ZBRA	C	0.03%	0.07%	0.03%
ZION	C	0.05%	0.03%	0.03%
ZTS	C	0.07%	0.17%	0.07%

FNDX Overweight 163 Positions Relative to IUSV

Symbol	Grade	Weight
AAPL	B	4.36%
MSFT	A	2.72%
META	B	1.91%
AMZN	B	1.43%
GOOGL	A	1.42%
GOOG	A	1.25%
AVGO	C	0.82%
NVDA	C	0.48%
ORCL	B	0.43%
AMAT	B	0.36%
LLY	A	0.27%
LRCX	B	0.24%
BKNG	A	0.22%
ADBE	C	0.19%
DHI	D	0.15%
NFLX	B	0.15%
VST	B	0.15%
KKR	B	0.12%
KLAC	B	0.12%
TSLA	C	0.12%
URI	C	0.12%
CRM	D	0.11%
PHM	D	0.11%
LUMN	F	0.1%
INTU	C	0.1%
TDG	B	0.09%
MAR	B	0.09%
AMD	B	0.09%
KSS	C	0.08%
RS	D	0.08%
ROST	A	0.08%
LNC	B	0.07%
NVR	C	0.07%
OC	C	0.07%
CE	D	0.07%
WSM	C	0.07%
OGN	B	0.07%
CSL	B	0.06%
CASY	B	0.06%
OMF	D	0.06%
ACGL	A	0.06%
ZIM	B	0.06%
FLEX	C	0.06%
HLT	A	0.06%
EME	B	0.06%
MUSA	A	0.05%
BAP	C	0.05%
FANG	C	0.05%
HES	C	0.05%
MKL	C	0.05%
CMG	B	0.05%
CNH	F	0.05%
TOL	D	0.05%
OVV	D	0.05%
TRGP	A	0.05%
HUN	D	0.04%
APA	D	0.04%
WSO	B	0.04%
LPLA	B	0.04%
SNPS	B	0.04%
CDNS	B	0.04%
MRVL	C	0.04%
AER	A	0.04%
DECK	C	0.04%
ANET	B	0.04%
QRTEA	F	0.04%
UBER	B	0.04%
BAH	B	0.04%
CCEP	A	0.04%
ODFL	D	0.04%
GPI	C	0.04%
ALSN	C	0.04%
TDS	C	0.04%
AAP	F	0.04%
DXC	C	0.04%
LNG	B	0.04%
APO	A	0.04%
CPAY	D	0.04%
VFC	C	0.04%
NSIT	B	0.03%
SWN	D	0.03%
ICLR	B	0.03%
CPRT	C	0.03%
EXPE	B	0.03%
ITT	D	0.03%
XRX	F	0.03%
PK	D	0.03%
TPH	D	0.03%
HBI	C	0.03%
SKX	B	0.03%
NVT	C	0.03%
SEE	C	0.03%
GNW	D	0.03%
LULU	F	0.03%
IT	B	0.03%
PANW	B	0.03%
MTH	D	0.03%
LII	B	0.03%
FL	B	0.03%
SSNC	B	0.03%
UFPI	D	0.03%
FTV	D	0.03%
BCC	D	0.03%
BPOP	C	0.03%
JXN	B	0.03%
CHKP	B	0.03%
DOX	D	0.03%
SANM	B	0.03%
SLG	B	0.03%
SQ	D	0.02%
DK	D	0.02%
CYH	F	0.02%
BLDR	F	0.02%
FCNCA	D	0.02%
UHAL	D	0.02%
NOW	B	0.02%
WST	F	0.02%
RUSHA	D	0.02%
MPW	C	0.02%
SPTN	F	0.02%
LILAK	B	0.02%
HUBG	B	0.02%
ASO	F	0.02%
WLK	D	0.02%
CBOE	D	0.02%
LECO	F	0.02%
GGG	D	0.02%
REZI	D	0.02%
TPX	D	0.02%
ODP	F	0.02%
BECN	C	0.02%
DAN	F	0.02%
FTNT	F	0.02%
AEO	C	0.02%
UNFI	C	0.02%
BTU	D	0.02%
CNX	C	0.02%
NAVI	F	0.02%
AVTR	D	0.02%
TRU	C	0.02%
SUI	C	0.02%
AL	C	0.02%
SM	C	0.02%
EXP	D	0.02%
PRI	B	0.02%
BLD	D	0.02%
CAR	D	0.02%
ABG	C	0.02%
AXTA	C	0.02%
ABM	B	0.02%
FTI	C	0.02%
CRBG	B	0.02%
HRB	A	0.02%
GDDY	A	0.02%
NWL	F	0.02%
MLI	C	0.02%
BIG	F	0.01%
DBX	D	0.01%
ACI	F	0.01%
ARCH	D	0.01%
OI	F	0.01%
ANDE	D	0.01%
UHAL	D	0.0%

FNDX Underweight 188 Positions Relative to IUSV

Symbol	Grade	Weight
FI	D	-0.21%
COR	B	-0.19%
KVUE	D	-0.17%
ABNB	C	-0.15%
VLTO	B	-0.11%
UAL	D	-0.08%
LH	C	-0.08%
CSGP	F	-0.08%
DXCM	D	-0.08%
GEN	B	-0.07%
AMCR	B	-0.07%
INCY	B	-0.06%
TECH	C	-0.06%
RVTY	C	-0.06%
COHR	B	-0.05%
NLY	B	-0.05%
ENPH	D	-0.05%
COO	D	-0.05%
EXPD	B	-0.05%
UTHR	A	-0.04%
FRT	D	-0.04%
AAL	F	-0.04%
GMED	A	-0.04%
MKTX	F	-0.04%
GME	C	-0.04%
ROL	A	-0.04%
SF	B	-0.04%
FDS	D	-0.04%
PTC	C	-0.04%
MTCH	F	-0.04%
PODD	B	-0.04%
IBKR	B	-0.03%
SRCL	B	-0.03%
PB	D	-0.03%
SSB	D	-0.03%
WTFC	C	-0.03%
VMI	B	-0.03%
AIRC	A	-0.03%
REXR	C	-0.03%
ESNT	B	-0.03%
BIO	D	-0.03%
ADC	B	-0.03%
XPO	D	-0.03%
HR	B	-0.03%
WBS	D	-0.03%
CTRA	C	-0.03%
LITE	B	-0.02%
STAG	C	-0.02%
NWS	A	-0.02%
PCH	F	-0.02%
CYTK	F	-0.02%
PNM	D	-0.02%
FR	C	-0.02%
SBRA	A	-0.02%
SR	C	-0.02%
NEOG	C	-0.02%
FLS	C	-0.02%
PNFP	D	-0.02%
OGS	D	-0.02%
KMPR	D	-0.02%
KRC	F	-0.02%
MAT	F	-0.02%
BRBR	C	-0.02%
HQY	B	-0.02%
UMBF	C	-0.02%
CUZ	D	-0.02%
DAY	F	-0.02%
CFR	D	-0.02%
BKH	C	-0.02%
SLGN	D	-0.02%
TKO	B	-0.02%
AMKR	B	-0.02%
ALE	B	-0.02%
ERIE	C	-0.02%
CBSH	C	-0.02%
CNM	D	-0.02%
PAYC	F	-0.02%
ETSY	F	-0.02%
RGLD	C	-0.02%
AVNT	D	-0.02%
COLB	F	-0.02%
BDC	B	-0.02%
ORA	C	-0.02%
KEX	B	-0.02%
IRT	A	-0.02%
GBCI	D	-0.02%
FOX	A	-0.02%
NJR	C	-0.02%
UBSI	D	-0.02%
ELS	C	-0.02%
SWX	C	-0.02%
CGNX	B	-0.02%
HOMB	C	-0.02%
CUBE	B	-0.02%
AMH	B	-0.02%
FNB	C	-0.02%
OHI	A	-0.02%
ASH	C	-0.02%
KRG	B	-0.02%
NNN	B	-0.02%
ONB	C	-0.02%
FBIN	F	-0.02%
RNR	B	-0.02%
HGV	D	-0.01%
KNF	C	-0.01%
EPR	C	-0.01%
AZTA	C	-0.01%
MP	F	-0.01%
BLKB	D	-0.01%
YETI	C	-0.01%
UAA	C	-0.01%
UA	C	-0.01%
WEN	F	-0.01%
ALGM	F	-0.01%
IPGP	F	-0.01%
ROIV	C	-0.01%
ALTM	F	-0.01%
PPC	C	-0.01%
CADE	C	-0.01%
CHH	B	-0.01%
SAM	C	-0.01%
COLM	C	-0.01%
GEF	F	-0.01%
TEX	D	-0.01%
VC	F	-0.01%
NSA	B	-0.01%
IRDM	F	-0.01%
NSP	F	-0.01%
CDP	B	-0.01%
IBOC	C	-0.01%
SMG	D	-0.01%
HAE	D	-0.01%
AMED	F	-0.01%
CBT	D	-0.01%
LIVN	C	-0.01%
QDEL	F	-0.01%
WOLF	D	-0.01%
HWC	C	-0.01%
RLI	D	-0.01%
DOCS	C	-0.01%
LFUS	C	-0.01%
CHX	C	-0.01%
LANC	D	-0.01%
RH	F	-0.01%
IART	D	-0.01%
DLB	F	-0.01%
WH	C	-0.01%
OZK	D	-0.01%
AM	A	-0.01%
GO	D	-0.01%
EXLS	C	-0.01%
MTSI	B	-0.01%
POWI	D	-0.01%
SYNA	D	-0.01%
CVLT	A	-0.01%
FFIN	D	-0.01%
EEFT	D	-0.01%
ENOV	F	-0.01%
OPCH	D	-0.01%
SRPT	B	-0.01%
MASI	B	-0.01%
HELE	F	-0.01%
EXPO	B	-0.01%
ENS	C	-0.01%
BRKR	F	-0.01%
NOVT	C	-0.01%
DTM	A	-0.01%
RCM	B	-0.01%
ZI	F	-0.01%
SIGI	F	-0.01%
RYN	C	-0.01%
ZD	C	-0.01%
GHC	D	-0.01%
FHI	C	-0.01%
HXL	D	-0.01%
BHF	D	-0.01%
TCBI	D	-0.01%
CNXC	F	-0.01%
AZPN	D	-0.01%
IDA	D	-0.01%
CRUS	A	-0.01%
GATX	C	-0.01%
VLY	F	-0.01%
CXT	C	-0.01%
EGP	C	-0.01%
ASB	D	-0.01%
NVST	F	-0.01%
NWE	D	-0.01%