FNDX vs. LGH ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to HCM Defender 500 Index ETF (LGH)

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

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$53.23

Average Daily Volume

22,066

Number of Holdings ^*

452

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	LGH
30 Days	2.37%	2.26%
60 Days	4.07%	5.85%
90 Days	5.72%	7.34%
12 Months	28.68%	36.69%

415 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in LGH	Overlap
	A	D	0.05%	0.06%	0.05%
	AAPL	C	4.35%	6.46%	4.35%
	ABBV	F	0.49%	0.44%	0.44%
	ABT	B	0.34%	0.29%	0.29%
	ACGL	C	0.03%	0.05%	0.03%
	ACN	B	0.36%	0.34%	0.34%
	ADBE	C	0.2%	0.33%	0.2%
	ADI	D	0.13%	0.15%	0.13%
	ADM	D	0.21%	0.04%	0.04%
	ADP	A	0.15%	0.18%	0.15%
	ADSK	A	0.03%	0.09%	0.03%
	AEE	A	0.07%	0.03%	0.03%
	AEP	C	0.16%	0.07%	0.07%
	AFL	B	0.21%	0.08%	0.08%
	AIG	B	0.28%	0.07%	0.07%
	AJG	A	0.05%	0.09%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.27%	0.07%	0.07%
	AMAT	F	0.24%	0.21%	0.21%
	AMD	F	0.09%	0.33%	0.09%
	AME	A	0.05%	0.06%	0.05%
	AMGN	F	0.39%	0.23%	0.23%
	AMP	A	0.15%	0.08%	0.08%
	AMT	C	0.11%	0.13%	0.11%
	AMZN	C	1.56%	3.73%	1.56%
	ANET	C	0.04%	0.13%	0.04%
	ANSS	B	0.02%	0.04%	0.02%
	AON	A	0.13%	0.1%	0.1%
	APD	A	0.13%	0.09%	0.09%
	APH	A	0.09%	0.12%	0.09%
	APO	B	0.03%	0.09%	0.03%
	ARE	F	0.03%	0.02%	0.02%
	ATO	A	0.04%	0.03%	0.03%
	AVB	B	0.05%	0.05%	0.05%
	AVGO	D	0.61%	1.43%	0.61%
	AVTR	F	0.02%	0.02%	0.02%
	AVY	F	0.04%	0.02%	0.02%
	AWK	C	0.04%	0.04%	0.04%
	AXP	A	0.36%	0.23%	0.23%
	AZO	C	0.06%	0.07%	0.06%
	BA	F	0.11%	0.11%	0.11%
	BAC	A	1.3%	0.46%	0.46%
	BAH	F	0.03%	0.03%	0.03%
	BALL	F	0.06%	0.03%	0.03%
	BAX	F	0.07%	0.03%	0.03%
	BBY	D	0.16%	0.03%	0.03%
	BDX	F	0.11%	0.1%	0.1%
	BG	D	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.04%	0.04%
	BK	A	0.26%	0.08%	0.08%
	BKNG	A	0.24%	0.24%	0.24%
	BKR	A	0.16%	0.06%	0.06%
	BMY	B	0.45%	0.18%	0.18%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	B	2.17%	1.15%	1.15%
	BRO	B	0.02%	0.03%	0.02%
	BSX	A	0.09%	0.18%	0.09%
	BX	A	0.13%	0.18%	0.13%
	C	A	1.1%	0.18%	0.18%
	CAG	F	0.06%	0.02%	0.02%
	CAH	B	0.07%	0.04%	0.04%
	CARR	C	0.12%	0.09%	0.09%
	CAT	B	0.41%	0.27%	0.27%
	CB	C	0.26%	0.16%	0.16%
	CBOE	C	0.01%	0.03%	0.01%
	CBRE	B	0.13%	0.06%	0.06%
	CCI	C	0.09%	0.06%	0.06%
	CDNS	B	0.03%	0.11%	0.03%
	CDW	F	0.04%	0.04%	0.04%
	CEG	C	0.1%	0.1%	0.1%
	CF	A	0.07%	0.02%	0.02%
	CFG	B	0.1%	0.03%	0.03%
	CHD	A	0.04%	0.03%	0.03%
	CHTR	C	0.35%	0.05%	0.05%
	CI	D	0.48%	0.14%	0.14%
	CINF	A	0.07%	0.03%	0.03%
	CL	D	0.13%	0.11%	0.11%
	CLX	A	0.04%	0.03%	0.03%
	CMCSA	B	0.83%	0.26%	0.26%
	CME	B	0.08%	0.11%	0.08%
	CMG	B	0.04%	0.1%	0.04%
	CMI	A	0.19%	0.07%	0.07%
	CMS	C	0.06%	0.03%	0.03%
	CNC	D	0.19%	0.05%	0.05%
	CNP	A	0.06%	0.02%	0.02%
	COF	C	0.48%	0.1%	0.1%
	COP	C	0.48%	0.19%	0.19%
	COR	B	0.02%	0.06%	0.02%
	COST	A	0.66%	0.59%	0.59%
	CPAY	A	0.06%	0.03%	0.03%
	CPRT	B	0.03%	0.07%	0.03%
	CRM	B	0.15%	0.44%	0.15%
	CSCO	B	0.82%	0.34%	0.34%
	CSL	C	0.05%	0.04%	0.04%
	CSX	C	0.22%	0.1%	0.1%
	CTAS	B	0.08%	0.1%	0.08%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	B	0.19%	0.06%	0.06%
	CTVA	C	0.09%	0.06%	0.06%
	CVS	D	0.68%	0.1%	0.1%
	CVX	A	1.25%	0.38%	0.38%
	D	C	0.17%	0.07%	0.07%
	DAL	B	0.03%	0.05%	0.03%
	DD	C	0.17%	0.05%	0.05%
	DE	B	0.23%	0.14%	0.14%
	DECK	A	0.03%	0.03%	0.03%
	DELL	B	0.03%	0.05%	0.03%
	DFS	B	0.26%	0.06%	0.06%
	DG	F	0.08%	0.02%	0.02%
	DGX	A	0.07%	0.03%	0.03%
	DHI	F	0.16%	0.07%	0.07%
	DHR	F	0.15%	0.23%	0.15%
	DIS	B	0.45%	0.25%	0.25%
	DLR	B	0.08%	0.08%	0.08%
	DLTR	F	0.05%	0.02%	0.02%
	DOV	A	0.06%	0.04%	0.04%
	DOW	F	0.18%	0.04%	0.04%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.05%	0.03%	0.03%
	DTE	C	0.07%	0.03%	0.03%
	DUK	C	0.3%	0.12%	0.12%
	DVN	F	0.09%	0.03%	0.03%
	EA	A	0.09%	0.06%	0.06%
	EBAY	D	0.17%	0.04%	0.04%
	ECL	D	0.08%	0.09%	0.08%
	ED	C	0.12%	0.04%	0.04%
	EFX	F	0.03%	0.05%	0.03%
	EIX	B	0.1%	0.04%	0.04%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.36%	0.14%	0.14%
	EMR	B	0.17%	0.1%	0.1%
	EOG	A	0.23%	0.1%	0.1%
	EQIX	A	0.08%	0.11%	0.08%
	EQR	C	0.05%	0.04%	0.04%
	EQT	B	0.04%	0.02%	0.02%
	ES	C	0.08%	0.03%	0.03%
	ESS	B	0.03%	0.03%	0.03%
	ETN	A	0.23%	0.2%	0.2%
	ETR	B	0.12%	0.04%	0.04%
	EVRG	A	0.07%	0.02%	0.02%
	EW	C	0.04%	0.06%	0.04%
	EXC	C	0.17%	0.05%	0.05%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	B	0.04%	0.03%	0.03%
	EXR	C	0.03%	0.05%	0.03%
	F	C	0.33%	0.06%	0.06%
	FANG	C	0.05%	0.04%	0.04%
	FAST	B	0.07%	0.07%	0.07%
	FCX	F	0.14%	0.09%	0.09%
	FDX	B	0.32%	0.09%	0.09%
	FE	C	0.09%	0.03%	0.03%
	FI	A	0.13%	0.18%	0.13%
	FIS	C	0.12%	0.07%	0.07%
	FITB	B	0.13%	0.05%	0.05%
	FSLR	F	0.01%	0.03%	0.01%
	FTNT	C	0.03%	0.09%	0.03%
	FTV	C	0.03%	0.04%	0.03%
	GD	D	0.21%	0.1%	0.1%
	GDDY	A	0.03%	0.04%	0.03%
	GE	D	0.15%	0.27%	0.15%
	GEHC	D	0.09%	0.04%	0.04%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.04%	0.12%	0.04%
	GILD	C	0.37%	0.17%	0.17%
	GIS	D	0.11%	0.05%	0.05%
	GLW	B	0.14%	0.05%	0.05%
	GM	C	0.79%	0.12%	0.12%
	GOOG	C	1.14%	1.72%	1.14%
	GOOGL	C	1.33%	1.98%	1.33%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.09%	0.04%	0.04%
	GRMN	B	0.03%	0.05%	0.03%
	GS	A	0.62%	0.28%	0.28%
	GWW	B	0.08%	0.06%	0.06%
	HAL	C	0.06%	0.04%	0.04%
	HBAN	A	0.08%	0.04%	0.04%
	HCA	F	0.2%	0.11%	0.11%
	HD	B	0.8%	0.58%	0.58%
	HES	B	0.06%	0.05%	0.05%
	HIG	B	0.14%	0.05%	0.05%
	HLT	A	0.06%	0.09%	0.06%
	HOLX	D	0.04%	0.02%	0.02%
	HON	C	0.37%	0.22%	0.22%
	HPE	B	0.21%	0.04%	0.04%
	HPQ	B	0.21%	0.05%	0.05%
	HSY	F	0.04%	0.04%	0.04%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.19%	0.05%	0.05%
	HWM	A	0.07%	0.06%	0.06%
	IBM	C	0.54%	0.27%	0.27%
	ICE	C	0.11%	0.12%	0.11%
	IDXX	F	0.02%	0.05%	0.02%
	IEX	C	0.03%	0.02%	0.02%
	IFF	D	0.05%	0.03%	0.03%
	ILMN	C	0.03%	0.04%	0.03%
	INTC	C	0.89%	0.14%	0.14%
	INTU	B	0.11%	0.26%	0.11%
	INVH	D	0.03%	0.03%	0.03%
	IP	A	0.17%	0.02%	0.02%
	IQV	F	0.07%	0.05%	0.05%
	IR	B	0.03%	0.05%	0.03%
	IRM	C	0.06%	0.04%	0.04%
	ISRG	A	0.09%	0.27%	0.09%
	IT	C	0.03%	0.05%	0.03%
	ITW	B	0.15%	0.11%	0.11%
	J	D	0.05%	0.02%	0.02%
	JBHT	C	0.05%	0.02%	0.02%
	JBL	C	0.06%	0.02%	0.02%
	JCI	B	0.16%	0.08%	0.08%
	JKHY	D	0.02%	0.02%	0.02%
	JNJ	C	0.89%	0.62%	0.62%
	JPM	A	2.03%	1.28%	1.28%
	K	A	0.07%	0.03%	0.03%
	KDP	F	0.07%	0.04%	0.04%
	KEY	B	0.1%	0.02%	0.02%
	KEYS	A	0.04%	0.04%	0.04%
	KHC	F	0.09%	0.03%	0.03%
	KIM	A	0.03%	0.02%	0.02%
	KKR	A	0.12%	0.13%	0.12%
	KLAC	F	0.08%	0.12%	0.08%
	KMB	C	0.1%	0.06%	0.06%
	KMI	A	0.23%	0.08%	0.08%
	KO	D	0.35%	0.35%	0.35%
	KR	B	0.3%	0.07%	0.07%
	KVUE	A	0.05%	0.06%	0.05%
	LDOS	C	0.07%	0.04%	0.04%
	LEN	D	0.16%	0.06%	0.06%
	LH	B	0.09%	0.03%	0.03%
	LHX	C	0.16%	0.07%	0.07%
	LIN	C	0.33%	0.31%	0.31%
	LLY	F	0.2%	1.29%	0.2%
	LMT	D	0.37%	0.2%	0.2%
	LNG	A	0.06%	0.07%	0.06%
	LNT	A	0.04%	0.03%	0.03%
	LOW	C	0.43%	0.22%	0.22%
	LPLA	A	0.04%	0.03%	0.03%
	LRCX	F	0.15%	0.13%	0.13%
	LUV	C	0.02%	0.03%	0.02%
	LVS	B	0.04%	0.02%	0.02%
	LYB	F	0.14%	0.03%	0.03%
	MA	B	0.29%	0.74%	0.29%
	MAA	B	0.03%	0.03%	0.03%
	MAR	A	0.09%	0.1%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.31%	0.31%
	MCHP	F	0.05%	0.05%	0.05%
	MCK	A	0.11%	0.12%	0.11%
	MCO	B	0.07%	0.1%	0.07%
	MDLZ	F	0.2%	0.13%	0.13%
	MDT	D	0.16%	0.17%	0.16%
	MET	A	0.26%	0.08%	0.08%
	META	D	1.79%	2.45%	1.79%
	MKC	C	0.03%	0.02%	0.02%
	MKL	A	0.05%	0.03%	0.03%
	MLM	C	0.04%	0.05%	0.04%
	MMC	B	0.14%	0.15%	0.14%
	MMM	D	0.35%	0.1%	0.1%
	MNST	C	0.05%	0.04%	0.04%
	MO	A	0.37%	0.14%	0.14%
	MOH	F	0.05%	0.02%	0.02%
	MPC	D	0.4%	0.09%	0.09%
	MRK	D	0.42%	0.36%	0.36%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.09%	0.02%	0.02%
	MRVL	B	0.04%	0.11%	0.04%
	MS	A	0.46%	0.24%	0.24%
	MSCI	C	0.03%	0.06%	0.03%
	MSFT	D	2.43%	6.13%	2.43%
	MSI	B	0.07%	0.11%	0.07%
	MTB	A	0.11%	0.05%	0.05%
	MTD	F	0.03%	0.04%	0.03%
	MU	D	0.38%	0.15%	0.15%
	NDAQ	A	0.03%	0.04%	0.03%
	NEE	C	0.24%	0.22%	0.22%
	NEM	D	0.13%	0.05%	0.05%
	NFLX	A	0.17%	0.48%	0.17%
	NKE	F	0.19%	0.13%	0.13%
	NOC	D	0.2%	0.11%	0.11%
	NOW	A	0.01%	0.29%	0.01%
	NSC	B	0.21%	0.08%	0.08%
	NTAP	C	0.07%	0.03%	0.03%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	C	0.19%	0.06%	0.06%
	NVDA	B	0.4%	7.02%	0.4%
	NVR	D	0.08%	0.03%	0.03%
	O	C	0.04%	0.05%	0.04%
	ODFL	C	0.06%	0.06%	0.06%
	OKE	A	0.14%	0.09%	0.09%
	OMC	C	0.08%	0.03%	0.03%
	ON	D	0.04%	0.04%	0.04%
	ORCL	A	0.5%	0.41%	0.41%
	ORLY	B	0.11%	0.1%	0.1%
	OTIS	C	0.05%	0.06%	0.05%
	OXY	D	0.11%	0.05%	0.05%
	PANW	B	0.03%	0.16%	0.03%
	PAYX	B	0.06%	0.06%	0.06%
	PCAR	B	0.15%	0.08%	0.08%
	PCG	A	0.03%	0.07%	0.03%
	PEG	A	0.11%	0.06%	0.06%
	PEP	F	0.41%	0.32%	0.32%
	PFE	F	0.68%	0.22%	0.22%
	PFG	D	0.09%	0.03%	0.03%
	PG	C	0.77%	0.57%	0.57%
	PGR	A	0.23%	0.21%	0.21%
	PH	A	0.13%	0.12%	0.12%
	PHM	D	0.11%	0.04%	0.04%
	PKG	A	0.07%	0.03%	0.03%
	PLD	F	0.07%	0.15%	0.07%
	PM	B	0.48%	0.28%	0.28%
	PNC	B	0.3%	0.12%	0.12%
	POOL	C	0.02%	0.02%	0.02%
	PPG	F	0.08%	0.04%	0.04%
	PPL	A	0.11%	0.04%	0.04%
	PRU	A	0.22%	0.07%	0.07%
	PSA	C	0.05%	0.07%	0.05%
	PSX	C	0.36%	0.08%	0.08%
	PWR	A	0.07%	0.06%	0.06%
	PYPL	B	0.22%	0.13%	0.13%
	QCOM	F	0.43%	0.25%	0.25%
	REGN	F	0.1%	0.12%	0.1%
	RF	A	0.09%	0.04%	0.04%
	RJF	A	0.05%	0.04%	0.04%
	RMD	C	0.03%	0.05%	0.03%
	ROK	C	0.06%	0.04%	0.04%
	ROP	B	0.05%	0.08%	0.05%
	ROST	D	0.07%	0.06%	0.06%
	RPM	A	0.04%	0.02%	0.02%
	RS	B	0.09%	0.02%	0.02%
	RSG	A	0.06%	0.06%	0.06%
	RTX	D	0.34%	0.25%	0.25%
	RVTY	F	0.03%	0.02%	0.02%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.28%	0.16%	0.16%
	SCHW	B	0.13%	0.15%	0.13%
	SHW	B	0.08%	0.12%	0.08%
	SLB	C	0.12%	0.09%	0.09%
	SNPS	B	0.03%	0.11%	0.03%
	SO	C	0.26%	0.13%	0.13%
	SPG	A	0.1%	0.09%	0.09%
	SPGI	C	0.15%	0.22%	0.15%
	SQ	A	0.03%	0.07%	0.03%
	SRE	A	0.13%	0.08%	0.08%
	SSNC	B	0.04%	0.02%	0.02%
	STE	D	0.03%	0.03%	0.03%
	STLD	B	0.11%	0.03%	0.03%
	STT	B	0.1%	0.04%	0.04%
	STX	C	0.09%	0.03%	0.03%
	STZ	D	0.07%	0.05%	0.05%
	SUI	C	0.02%	0.02%	0.02%
	SWK	D	0.07%	0.02%	0.02%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.34%	0.03%	0.03%
	SYK	B	0.13%	0.18%	0.13%
	SYY	D	0.1%	0.06%	0.06%
	T	A	1.27%	0.23%	0.23%
	TDG	D	0.06%	0.08%	0.06%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.03%	0.03%
	TFC	A	0.23%	0.09%	0.09%
	TGT	F	0.38%	0.1%	0.1%
	TJX	A	0.22%	0.19%	0.19%
	TMO	F	0.25%	0.3%	0.25%
	TMUS	B	0.25%	0.17%	0.17%
	TRGP	A	0.07%	0.06%	0.06%
	TRMB	B	0.03%	0.02%	0.02%
	TROW	B	0.13%	0.04%	0.04%
	TRU	D	0.03%	0.03%	0.03%
	TRV	B	0.31%	0.08%	0.08%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	0.28%	1.7%	0.28%
	TSN	B	0.2%	0.03%	0.03%
	TT	A	0.06%	0.13%	0.06%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	C	0.34%	0.27%	0.27%
	TXT	D	0.06%	0.02%	0.02%
	UBER	F	0.04%	0.19%	0.04%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	B	1.22%	1.04%	1.04%
	UNP	C	0.35%	0.2%	0.2%
	UPS	C	0.28%	0.14%	0.14%
	URI	C	0.13%	0.08%	0.08%
	USB	A	0.32%	0.1%	0.1%
	V	A	0.36%	0.93%	0.36%
	VICI	C	0.02%	0.05%	0.02%
	VLO	C	0.39%	0.07%	0.07%
	VMC	B	0.05%	0.06%	0.05%
	VRSK	A	0.04%	0.06%	0.04%
	VRSN	C	0.01%	0.02%	0.01%
	VRTX	D	0.07%	0.18%	0.07%
	VTR	B	0.08%	0.04%	0.04%
	VTRS	A	0.1%	0.02%	0.02%
	VZ	C	1.13%	0.24%	0.24%
	WAB	B	0.06%	0.05%	0.05%
	WAT	C	0.04%	0.03%	0.03%
	WBD	B	0.08%	0.03%	0.03%
	WDC	D	0.12%	0.03%	0.03%
	WEC	A	0.08%	0.04%	0.04%
	WELL	A	0.1%	0.1%	0.1%
	WFC	A	1.35%	0.37%	0.37%
	WM	B	0.15%	0.13%	0.13%
	WMB	A	0.17%	0.1%	0.1%
	WMT	A	1.47%	0.5%	0.5%
	WPC	C	0.02%	0.01%	0.01%
	WRB	A	0.03%	0.03%	0.03%
	WST	C	0.02%	0.03%	0.02%
	WTW	B	0.07%	0.04%	0.04%
	WY	F	0.09%	0.04%	0.04%
	XEL	A	0.12%	0.06%	0.06%
	XOM	B	1.99%	0.99%	0.99%
	XYL	D	0.03%	0.04%	0.03%
	YUM	D	0.08%	0.05%	0.05%
	ZBH	C	0.05%	0.03%	0.03%
	ZBRA	B	0.04%	0.03%	0.03%
	ZTS	D	0.07%	0.11%	0.07%

FNDX Overweight 306 Positions Relative to LGH

	Symbol	Grade	Weight
	LUMN	C	0.65%
	BLK	B	0.28%
	WBA	F	0.17%
	VST	A	0.16%
	PARA	C	0.11%
	ALLY	C	0.1%
	FOXA	A	0.1%
	NRG	B	0.1%
	SW	A	0.09%
	ARW	D	0.08%
	EMN	C	0.08%
	USFD	A	0.08%
	CHRW	B	0.08%
	WHR	B	0.08%
	UHS	D	0.08%
	WKC	C	0.08%
	JLL	D	0.08%
	OC	A	0.07%
	VFC	C	0.07%
	CMA	B	0.07%
	THC	D	0.07%
	R	B	0.07%
	X	B	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	MGM	D	0.06%
	DVA	C	0.06%
	JEF	A	0.06%
	BLDR	D	0.06%
	UNM	A	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	CCL	A	0.06%
	FLEX	B	0.06%
	PFGC	B	0.06%
	EME	A	0.06%
	FNF	B	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	NI	A	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ORI	A	0.05%
	NXPI	D	0.05%
	IVZ	B	0.05%
	L	A	0.05%
	JNPR	D	0.05%
	AES	F	0.05%
	AN	C	0.05%
	BXP	C	0.05%
	KD	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	EQH	C	0.05%
	TDS	B	0.05%
	GPI	B	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	LKQ	F	0.05%
	SJM	D	0.05%
	BFH	C	0.05%
	LNC	C	0.05%
	TAP	C	0.05%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	OSK	C	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	ZIM	C	0.04%
	UFPI	C	0.04%
	PNR	A	0.04%
	FYBR	C	0.04%
	CNO	B	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	CCK	D	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	RHI	C	0.04%
	HSIC	C	0.04%
	FAF	A	0.04%
	MUSA	B	0.04%
	BERY	C	0.04%
	PVH	C	0.04%
	NWSA	A	0.04%
	PNW	A	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	C	0.04%
	WSM	C	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	UGI	C	0.04%
	EXP	B	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	B	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	ACI	C	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	B	0.03%
	CW	C	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	C	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	ALB	B	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	AMCR	C	0.03%
	ARMK	B	0.03%
	CPB	D	0.03%
	AIZ	A	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	C	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	APA	D	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	CLF	F	0.03%
	HII	F	0.03%
	HRL	D	0.03%
	EWBC	A	0.03%
	WU	F	0.03%
	CIEN	C	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	FFIV	B	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CMC	B	0.03%
	DOC	C	0.03%
	OLN	F	0.03%
	CE	F	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	GL	C	0.03%
	MLI	B	0.03%
	WLK	D	0.02%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	EG	C	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	B	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	A	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	C	0.02%
	TTC	C	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	F	0.02%
	SM	B	0.02%
	NDSN	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	F	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	EPAM	B	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	C	0.02%
	PENN	C	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	APTV	F	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%
	LAMR	C	0.02%
	REG	A	0.02%
	PK	C	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	C	0.02%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	SOLV	D	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	CRL	D	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	C	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	C	0.01%
	FTI	A	0.01%
	JWN	D	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	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 37 Positions Relative to LGH

	Symbol	Grade	Weight
	SPXL	B	-18.6%
	PLTR	B	-0.15%
	CRWD	B	-0.11%
	TTD	B	-0.1%
	COIN	C	-0.09%
	ABNB	C	-0.08%
	VRT	B	-0.08%
	RCL	A	-0.07%
	FICO	B	-0.07%
	DASH	B	-0.07%
	WDAY	B	-0.07%
	TEAM	A	-0.06%
	VEEV	C	-0.06%
	TPL	A	-0.05%
	ALNY	D	-0.05%
	SNOW	B	-0.05%
	DDOG	A	-0.05%
	AXON	A	-0.05%
	DXCM	C	-0.04%
	CSGP	D	-0.04%
	NET	B	-0.04%
	MPWR	F	-0.04%
	HUBS	A	-0.04%
	MDB	B	-0.03%
	PINS	F	-0.03%
	RBLX	C	-0.03%
	ZM	C	-0.03%
	TYL	B	-0.03%
	VLTO	C	-0.03%
	UAL	A	-0.03%
	ARES	A	-0.03%
	PTC	B	-0.03%
	BMRN	F	-0.02%
	FDS	B	-0.02%
	SMCI	F	-0.02%
	ENTG	D	-0.02%
	PODD	C	-0.02%

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

LGH: Top Represented Industries & Keywords

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

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