FNDX vs. JPUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	JPUS
30 Days	3.67%	2.72%
60 Days	4.58%	2.86%
90 Days	6.53%	5.12%
12 Months	29.67%	27.89%

311 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in JPUS	Overlap
	AAPL	C	4.35%	0.36%	0.36%
	ABBV	D	0.49%	0.33%	0.33%
	ABT	B	0.34%	0.31%	0.31%
	ACGL	D	0.03%	0.31%	0.03%
	ACI	C	0.03%	0.31%	0.03%
	ACN	C	0.36%	0.32%	0.32%
	ADBE	C	0.2%	0.05%	0.05%
	ADI	D	0.13%	0.35%	0.13%
	ADM	D	0.21%	0.34%	0.21%
	AEP	D	0.16%	0.31%	0.16%
	AFG	A	0.05%	0.06%	0.05%
	AFL	B	0.21%	0.38%	0.21%
	ALLY	C	0.1%	0.24%	0.1%
	ALSN	B	0.05%	0.42%	0.05%
	AMAT	F	0.24%	0.31%	0.24%
	AMGN	D	0.39%	0.35%	0.35%
	AMP	A	0.15%	0.29%	0.15%
	ANET	C	0.04%	0.47%	0.04%
	AOS	F	0.02%	0.3%	0.02%
	APH	A	0.09%	0.42%	0.09%
	APO	B	0.03%	0.23%	0.03%
	ATO	A	0.04%	0.16%	0.04%
	AVB	B	0.05%	0.31%	0.05%
	AVGO	D	0.61%	0.38%	0.38%
	AVY	D	0.04%	0.26%	0.04%
	AZO	C	0.06%	0.35%	0.06%
	BAC	A	1.3%	0.31%	0.31%
	BAH	F	0.03%	0.32%	0.03%
	BBY	D	0.16%	0.24%	0.16%
	BDX	F	0.11%	0.19%	0.11%
	BG	F	0.1%	0.34%	0.1%
	BKNG	A	0.24%	0.18%	0.18%
	BLDR	D	0.06%	0.34%	0.06%
	BMY	B	0.45%	0.25%	0.25%
	BPOP	B	0.02%	0.21%	0.02%
	BRK.A	B	2.17%	0.39%	0.39%
	BRX	A	0.02%	0.37%	0.02%
	CACI	D	0.03%	0.14%	0.03%
	CAG	D	0.06%	0.32%	0.06%
	CAH	B	0.07%	0.36%	0.07%
	CARR	D	0.12%	0.09%	0.09%
	CASY	A	0.05%	0.41%	0.05%
	CAT	B	0.41%	0.28%	0.28%
	CB	C	0.26%	0.27%	0.26%
	CBOE	B	0.01%	0.25%	0.01%
	CBRE	B	0.13%	0.05%	0.05%
	CCI	D	0.09%	0.16%	0.09%
	CDNS	B	0.03%	0.33%	0.03%
	CE	F	0.03%	0.2%	0.03%
	CEG	D	0.1%	0.42%	0.1%
	CF	B	0.07%	0.32%	0.07%
	CFG	B	0.1%	0.07%	0.07%
	CHD	B	0.04%	0.34%	0.04%
	CHE	D	0.01%	0.16%	0.01%
	CHTR	C	0.35%	0.4%	0.35%
	CI	F	0.48%	0.35%	0.35%
	CIEN	B	0.03%	0.52%	0.03%
	CL	D	0.13%	0.32%	0.13%
	CLF	F	0.03%	0.18%	0.03%
	CLX	B	0.04%	0.35%	0.04%
	CMCSA	B	0.83%	0.42%	0.42%
	CMI	A	0.19%	0.42%	0.19%
	CMS	C	0.06%	0.28%	0.06%
	COF	B	0.48%	0.45%	0.45%
	COP	C	0.48%	0.28%	0.28%
	COR	B	0.02%	0.39%	0.02%
	CPB	D	0.03%	0.33%	0.03%
	CPT	B	0.02%	0.17%	0.02%
	CRI	D	0.01%	0.03%	0.01%
	CSCO	B	0.82%	0.41%	0.41%
	CSL	C	0.05%	0.17%	0.05%
	CSX	B	0.22%	0.13%	0.13%
	CTRA	B	0.03%	0.35%	0.03%
	CTSH	B	0.19%	0.37%	0.19%
	CTVA	C	0.09%	0.3%	0.09%
	CVS	D	0.68%	0.36%	0.36%
	CVX	A	1.25%	0.35%	0.35%
	D	C	0.17%	0.34%	0.17%
	DFS	B	0.26%	0.13%	0.13%
	DGX	A	0.07%	0.36%	0.07%
	DHI	D	0.16%	0.33%	0.16%
	DHR	F	0.15%	0.27%	0.15%
	DINO	D	0.05%	0.26%	0.05%
	DKS	C	0.04%	0.36%	0.04%
	DOW	F	0.18%	0.26%	0.18%
	DOX	D	0.04%	0.24%	0.04%
	DRI	B	0.05%	0.24%	0.05%
	DTE	C	0.07%	0.3%	0.07%
	DUK	C	0.3%	0.36%	0.3%
	DVA	B	0.06%	0.37%	0.06%
	DVN	F	0.09%	0.1%	0.09%
	EA	A	0.09%	0.19%	0.09%
	ECL	D	0.08%	0.29%	0.08%
	ED	D	0.12%	0.34%	0.12%
	EG	C	0.02%	0.28%	0.02%
	EIX	B	0.1%	0.36%	0.1%
	ELV	F	0.36%	0.26%	0.26%
	EMN	D	0.08%	0.32%	0.08%
	EOG	A	0.23%	0.32%	0.23%
	EQR	B	0.05%	0.2%	0.05%
	ESS	B	0.03%	0.37%	0.03%
	ETN	A	0.23%	0.43%	0.23%
	ETR	B	0.12%	0.46%	0.12%
	EVRG	A	0.07%	0.34%	0.07%
	EXC	C	0.17%	0.31%	0.17%
	EXP	A	0.03%	0.21%	0.03%
	F	C	0.33%	0.19%	0.19%
	FANG	D	0.05%	0.39%	0.05%
	FAST	B	0.07%	0.39%	0.07%
	FBIN	D	0.04%	0.12%	0.04%
	FCNCA	A	0.02%	0.43%	0.02%
	FCX	D	0.14%	0.25%	0.14%
	FE	C	0.09%	0.34%	0.09%
	FITB	A	0.13%	0.31%	0.13%
	FLO	D	0.02%	0.21%	0.02%
	FNF	B	0.06%	0.35%	0.06%
	FYBR	D	0.04%	0.37%	0.04%
	GAP	C	0.04%	0.2%	0.04%
	GD	F	0.21%	0.36%	0.21%
	GEHC	F	0.09%	0.22%	0.09%
	GEN	B	0.04%	0.07%	0.04%
	GILD	C	0.37%	0.35%	0.35%
	GIS	D	0.11%	0.33%	0.11%
	GLPI	C	0.02%	0.34%	0.02%
	GNTX	C	0.03%	0.28%	0.03%
	GOOGL	C	1.33%	0.11%	0.11%
	GRMN	B	0.03%	0.43%	0.03%
	GWW	B	0.08%	0.43%	0.08%
	HBAN	A	0.08%	0.33%	0.08%
	HCA	F	0.2%	0.34%	0.2%
	HIG	B	0.14%	0.39%	0.14%
	HOG	D	0.02%	0.03%	0.02%
	HOLX	D	0.04%	0.28%	0.04%
	HPE	B	0.21%	0.3%	0.21%
	HRB	D	0.01%	0.36%	0.01%
	HRL	D	0.03%	0.35%	0.03%
	HST	C	0.04%	0.4%	0.04%
	HSY	F	0.04%	0.26%	0.04%
	HUBB	B	0.03%	0.35%	0.03%
	HUN	F	0.03%	0.16%	0.03%
	IBM	C	0.54%	0.3%	0.3%
	IFF	D	0.05%	0.21%	0.05%
	INGR	B	0.05%	0.42%	0.05%
	INTU	C	0.11%	0.36%	0.11%
	IP	B	0.17%	0.46%	0.17%
	IPG	D	0.04%	0.15%	0.04%
	IRM	D	0.06%	0.39%	0.06%
	IT	C	0.03%	0.32%	0.03%
	ITT	A	0.03%	0.24%	0.03%
	ITW	B	0.15%	0.34%	0.15%
	JEF	A	0.06%	0.3%	0.06%
	JLL	D	0.08%	0.41%	0.08%
	JNPR	F	0.05%	0.38%	0.05%
	K	A	0.07%	0.38%	0.07%
	KDP	D	0.07%	0.26%	0.07%
	KEY	B	0.1%	0.06%	0.06%
	KHC	F	0.09%	0.34%	0.09%
	KIM	A	0.03%	0.33%	0.03%
	KLAC	D	0.08%	0.32%	0.08%
	KMB	D	0.1%	0.34%	0.1%
	KMI	A	0.23%	0.48%	0.23%
	KO	D	0.35%	0.33%	0.33%
	KR	B	0.3%	0.43%	0.3%
	KSS	F	0.06%	0.01%	0.01%
	KVUE	A	0.05%	0.39%	0.05%
	LAMR	D	0.02%	0.39%	0.02%
	LDOS	C	0.07%	0.22%	0.07%
	LEG	F	0.02%	0.02%	0.02%
	LEN	D	0.16%	0.36%	0.16%
	LH	C	0.09%	0.28%	0.09%
	LIN	D	0.33%	0.28%	0.28%
	LLY	F	0.2%	0.33%	0.2%
	LMT	D	0.37%	0.36%	0.36%
	LNG	B	0.06%	0.34%	0.06%
	LOW	D	0.43%	0.37%	0.37%
	LPX	B	0.04%	0.08%	0.04%
	LRCX	F	0.15%	0.26%	0.15%
	LSTR	D	0.03%	0.04%	0.03%
	LYB	F	0.14%	0.31%	0.14%
	M	D	0.06%	0.18%	0.06%
	MAA	B	0.03%	0.21%	0.03%
	MAS	D	0.05%	0.3%	0.05%
	MCK	B	0.11%	0.46%	0.11%
	MDLZ	F	0.2%	0.33%	0.2%
	MDT	D	0.16%	0.23%	0.16%
	META	D	1.79%	0.42%	0.42%
	MMC	B	0.14%	0.05%	0.05%
	MNST	C	0.05%	0.03%	0.03%
	MO	A	0.37%	0.39%	0.37%
	MOH	F	0.05%	0.14%	0.05%
	MOS	F	0.06%	0.17%	0.06%
	MPC	D	0.4%	0.36%	0.36%
	MRK	F	0.42%	0.26%	0.26%
	MRO	B	0.09%	0.37%	0.09%
	MSFT	F	2.43%	0.35%	0.35%
	MSI	B	0.07%	0.43%	0.07%
	MSM	C	0.01%	0.25%	0.01%
	MTG	C	0.02%	0.35%	0.02%
	NEM	D	0.13%	0.18%	0.13%
	NFG	A	0.02%	0.3%	0.02%
	NI	A	0.05%	0.41%	0.05%
	NKE	D	0.19%	0.06%	0.06%
	NRG	B	0.1%	0.46%	0.1%
	NTAP	C	0.07%	0.31%	0.07%
	NUE	C	0.19%	0.3%	0.19%
	NVDA	C	0.4%	0.45%	0.4%
	NVR	D	0.08%	0.38%	0.08%
	NXST	C	0.03%	0.36%	0.03%
	OC	A	0.07%	0.34%	0.07%
	OGE	B	0.03%	0.36%	0.03%
	OLN	D	0.03%	0.26%	0.03%
	OMF	A	0.06%	0.22%	0.06%
	ORCL	B	0.5%	0.41%	0.41%
	ORI	A	0.05%	0.3%	0.05%
	ORLY	B	0.11%	0.37%	0.11%
	OXY	D	0.11%	0.1%	0.1%
	PAG	B	0.02%	0.34%	0.02%
	PCAR	B	0.15%	0.06%	0.06%
	PEG	A	0.11%	0.41%	0.11%
	PEP	F	0.41%	0.34%	0.34%
	PFG	D	0.09%	0.1%	0.09%
	PFGC	B	0.06%	0.46%	0.06%
	PG	A	0.77%	0.36%	0.36%
	PGR	A	0.23%	0.39%	0.23%
	PH	A	0.13%	0.39%	0.13%
	PHM	D	0.11%	0.38%	0.11%
	PK	B	0.02%	0.24%	0.02%
	PKG	A	0.07%	0.3%	0.07%
	PLD	D	0.07%	0.01%	0.01%
	PM	B	0.48%	0.39%	0.39%
	PNW	B	0.04%	0.39%	0.04%
	POST	C	0.02%	0.35%	0.02%
	PPL	B	0.11%	0.39%	0.11%
	PRU	A	0.22%	0.1%	0.1%
	PSA	D	0.05%	0.34%	0.05%
	PSX	C	0.36%	0.35%	0.35%
	PWR	A	0.07%	0.46%	0.07%
	QCOM	F	0.43%	0.3%	0.3%
	R	B	0.07%	0.18%	0.07%
	REG	B	0.02%	0.38%	0.02%
	REGN	F	0.1%	0.26%	0.1%
	RF	A	0.09%	0.09%	0.09%
	RGA	A	0.04%	0.17%	0.04%
	RHI	B	0.04%	0.17%	0.04%
	RMD	C	0.03%	0.07%	0.03%
	ROST	C	0.07%	0.23%	0.07%
	RPM	A	0.04%	0.28%	0.04%
	RS	B	0.09%	0.38%	0.09%
	RSG	A	0.06%	0.4%	0.06%
	RVTY	F	0.03%	0.23%	0.03%
	SAIC	F	0.02%	0.08%	0.02%
	SCI	B	0.03%	0.18%	0.03%
	SJM	D	0.05%	0.21%	0.05%
	SLM	A	0.04%	0.11%	0.04%
	SNX	C	0.03%	0.24%	0.03%
	SO	D	0.26%	0.37%	0.26%
	SON	D	0.02%	0.01%	0.01%
	SPG	B	0.1%	0.41%	0.1%
	SRE	A	0.13%	0.37%	0.13%
	SSNC	B	0.04%	0.04%	0.04%
	STE	F	0.03%	0.25%	0.03%
	STLD	B	0.11%	0.38%	0.11%
	STT	A	0.1%	0.13%	0.1%
	STWD	C	0.02%	0.18%	0.02%
	STZ	D	0.07%	0.31%	0.07%
	SWKS	F	0.04%	0.14%	0.04%
	SYF	B	0.34%	0.52%	0.34%
	SYK	C	0.13%	0.28%	0.13%
	SYY	B	0.1%	0.36%	0.1%
	T	A	1.27%	0.4%	0.4%
	TAP	C	0.05%	0.43%	0.05%
	TGT	F	0.38%	0.24%	0.24%
	THC	D	0.07%	0.4%	0.07%
	TJX	A	0.22%	0.34%	0.22%
	TKR	D	0.02%	0.19%	0.02%
	TMO	F	0.25%	0.15%	0.15%
	TMUS	B	0.25%	0.47%	0.25%
	TNL	A	0.01%	0.07%	0.01%
	TOL	B	0.06%	0.42%	0.06%
	TRGP	B	0.07%	0.5%	0.07%
	TSCO	D	0.06%	0.34%	0.06%
	TSN	B	0.2%	0.37%	0.2%
	UGI	A	0.04%	0.31%	0.04%
	UHS	D	0.08%	0.33%	0.08%
	UNH	C	1.22%	0.34%	0.34%
	UNM	A	0.06%	0.51%	0.06%
	UNP	C	0.35%	0.27%	0.27%
	USB	A	0.32%	0.11%	0.11%
	USFD	A	0.08%	0.44%	0.08%
	VICI	C	0.02%	0.33%	0.02%
	VLO	C	0.39%	0.4%	0.39%
	VRTX	F	0.07%	0.37%	0.07%
	VST	B	0.16%	0.64%	0.16%
	VTR	C	0.08%	0.25%	0.08%
	VTRS	A	0.1%	0.23%	0.1%
	VZ	C	1.13%	0.38%	0.38%
	WEC	A	0.08%	0.34%	0.08%
	WELL	A	0.1%	0.4%	0.1%
	WLK	D	0.02%	0.32%	0.02%
	WM	A	0.15%	0.41%	0.15%
	WMB	A	0.17%	0.41%	0.17%
	WPC	D	0.02%	0.21%	0.02%
	WRB	A	0.03%	0.12%	0.03%
	WSM	B	0.04%	0.31%	0.04%
	WST	C	0.02%	0.27%	0.02%
	WU	D	0.03%	0.11%	0.03%
	WY	D	0.09%	0.31%	0.09%
	X	C	0.07%	0.33%	0.07%
	XEL	A	0.12%	0.36%	0.12%
	XOM	B	1.99%	0.41%	0.41%
	ZTS	D	0.07%	0.27%	0.07%

FNDX Overweight 410 Positions Relative to JPUS

	Symbol	Grade	Weight
	JPM	A	2.03%
	AMZN	C	1.56%
	WMT	A	1.47%
	WFC	A	1.35%
	GOOG	C	1.14%
	C	A	1.1%
	INTC	D	0.89%
	JNJ	D	0.89%
	HD	A	0.8%
	GM	B	0.79%
	PFE	D	0.68%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	MS	A	0.46%
	DIS	B	0.45%
	MU	D	0.38%
	HON	B	0.37%
	AXP	A	0.36%
	V	A	0.36%
	MMM	D	0.35%
	RTX	C	0.34%
	TXN	C	0.34%
	MCD	D	0.34%
	FDX	B	0.32%
	TRV	B	0.31%
	PNC	B	0.3%
	MA	C	0.29%
	TSLA	B	0.28%
	BLK	C	0.28%
	AIG	B	0.28%
	SBUX	A	0.28%
	UPS	C	0.28%
	ALL	A	0.27%
	MET	A	0.26%
	BK	A	0.26%
	NEE	D	0.24%
	TFC	A	0.23%
	DE	A	0.23%
	PYPL	B	0.22%
	NSC	B	0.21%
	HPQ	B	0.21%
	NOC	D	0.2%
	HUM	C	0.19%
	CNC	D	0.19%
	WBA	F	0.17%
	NFLX	A	0.17%
	EBAY	D	0.17%
	EMR	A	0.17%
	DD	D	0.17%
	BKR	B	0.16%
	LHX	C	0.16%
	JCI	C	0.16%
	SPGI	C	0.15%
	ADP	B	0.15%
	CRM	B	0.15%
	GE	D	0.15%
	OKE	A	0.14%
	GLW	B	0.14%
	APD	A	0.13%
	SCHW	B	0.13%
	TROW	B	0.13%
	BX	A	0.13%
	AON	A	0.13%
	FI	A	0.13%
	URI	B	0.13%
	FIS	C	0.12%
	SLB	C	0.12%
	WDC	D	0.12%
	KKR	A	0.12%
	MTB	A	0.11%
	PARA	C	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	AMT	D	0.11%
	FOXA	B	0.1%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	BIIB	F	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	AMD	F	0.09%
	ARW	D	0.08%
	NTRS	A	0.08%
	CHRW	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	OMC	C	0.08%
	CME	A	0.08%
	DG	F	0.08%
	PPG	F	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	EQIX	A	0.08%
	CTAS	B	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	BAX	D	0.07%
	IQV	D	0.07%
	VFC	C	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	WTW	B	0.07%
	AEE	A	0.07%
	MCO	B	0.07%
	CINF	A	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	HES	B	0.06%
	ODFL	B	0.06%
	MGM	D	0.06%
	CPAY	A	0.06%
	TXT	D	0.06%
	ROK	B	0.06%
	BALL	D	0.06%
	AA	B	0.06%
	ZION	B	0.06%
	MHK	D	0.06%
	CCL	B	0.06%
	FLEX	A	0.06%
	JBL	B	0.06%
	HLT	A	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	TT	A	0.06%
	HAL	C	0.06%
	PAYX	C	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KMX	B	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	VMC	B	0.05%
	ZBH	C	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	MCHP	D	0.05%
	IVZ	B	0.05%
	L	A	0.05%
	AES	F	0.05%
	AJG	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	GPC	D	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	LEA	D	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	BWA	D	0.05%
	ROP	B	0.05%
	J	F	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	D	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	A	D	0.05%
	O	D	0.04%
	UBER	D	0.04%
	BCC	B	0.04%
	EXPE	B	0.04%
	TER	D	0.04%
	OSK	B	0.04%
	AMG	B	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	PNR	A	0.04%
	CMG	B	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	CRBG	B	0.04%
	EXPD	D	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	HSIC	B	0.04%
	AWK	D	0.04%
	EW	C	0.04%
	LNT	A	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%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	CDW	F	0.04%
	DELL	C	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	PRI	A	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	IEX	B	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	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%
	BC	C	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%
	VOYA	B	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	MTD	D	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	DAL	C	0.03%
	CAR	C	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	AKAM	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	B	0.03%
	AGCO	D	0.03%
	APA	D	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	HII	D	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	TRMB	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	FHN	A	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	DECK	A	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	FTV	C	0.03%
	WSO	A	0.03%
	IR	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	ADSK	A	0.03%
	MKC	D	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	BR	A	0.03%
	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%
	MPW	F	0.02%
	MATX	C	0.02%
	CHKP	D	0.02%
	TFX	F	0.02%
	ARCH	B	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%
	WERN	C	0.02%
	LW	C	0.02%
	OI	C	0.02%
	ANSS	B	0.02%
	ASGN	F	0.02%
	SBAC	D	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%
	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%
	IDXX	F	0.02%
	JKHY	D	0.02%
	APTV	D	0.02%
	POOL	C	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	D	0.02%
	UDR	B	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%
	REZI	A	0.02%
	BRO	B	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	AXTA	A	0.02%
	LUV	C	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%
	VRSN	F	0.01%
	DBX	B	0.01%
	ICLR	D	0.01%
	WTRG	B	0.01%
	SPTN	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%
	NOW	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%
	XRAY	F	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	LULU	C	0.01%
	UNFI	A	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 44 Positions Relative to JPUS

	Symbol	Grade	Weight
	UTHR	C	-0.42%
	CLH	B	-0.41%
	AM	A	-0.38%
	OHI	C	-0.38%
	SCCO	F	-0.36%
	CUBE	D	-0.35%
	ESI	A	-0.3%
	SPB	C	-0.27%
	SAM	C	-0.24%
	BRBR	A	-0.24%
	PR	B	-0.23%
	STAG	F	-0.23%
	COKE	C	-0.21%
	PPC	C	-0.21%
	CNM	D	-0.21%
	MEDP	D	-0.19%
	ASH	D	-0.19%
	NEU	C	-0.18%
	UI	A	-0.17%
	EPR	D	-0.17%
	DTM	B	-0.17%
	FR	C	-0.16%
	NNN	D	-0.16%
	KRC	C	-0.16%
	HIW	D	-0.15%
	VIRT	B	-0.12%
	VVV	F	-0.11%
	CRUS	D	-0.1%
	SMG	D	-0.1%
	LOPE	B	-0.09%
	FRT	B	-0.09%
	RGLD	C	-0.08%
	RBC	A	-0.07%
	DLB	B	-0.06%
	EGP	F	-0.06%
	IRDM	D	-0.06%
	AGO	B	-0.05%
	NSA	D	-0.05%
	CWEN	C	-0.05%
	RRC	B	-0.05%
	VLTO	D	-0.04%
	FTRE	D	-0.03%
	IDA	A	-0.02%
	ROKU	D	-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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband