FNDX vs. MFUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

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

$71.53

Average Daily Volume

410,055

Number of Holdings ^*

716

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$50.42

Average Daily Volume

7,688

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	MFUS
30 Days	2.67%	2.56%
60 Days	4.35%	4.48%
90 Days	7.25%	6.34%
12 Months	29.57%	31.81%

532 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in MFUS	Overlap
A	C	0.06%	0.05%	0.05%
AA	C	0.05%	0.02%	0.02%
AAP	F	0.03%	0.01%	0.01%
AAPL	C	4.32%	0.72%	0.72%
ABBV	B	0.6%	1.38%	0.6%
ABG	D	0.02%	0.07%	0.02%
ABM	D	0.02%	0.04%	0.02%
ACI	F	0.02%	0.01%	0.01%
ACM	B	0.04%	0.05%	0.04%
ACN	C	0.34%	0.19%	0.19%
ADBE	F	0.19%	0.04%	0.04%
ADM	D	0.22%	0.35%	0.22%
ADNT	D	0.01%	0.03%	0.01%
ADP	C	0.14%	0.09%	0.09%
ADSK	B	0.03%	0.09%	0.03%
AEO	D	0.01%	0.1%	0.01%
AES	C	0.07%	0.04%	0.04%
AFG	C	0.05%	0.01%	0.01%
AFL	A	0.23%	0.2%	0.2%
AGCO	D	0.03%	0.02%	0.02%
AIG	D	0.28%	0.45%	0.28%
AIZ	B	0.03%	0.08%	0.03%
AJG	D	0.05%	0.09%	0.05%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.03%	0.02%
ALL	C	0.29%	0.39%	0.29%
ALLY	F	0.1%	0.11%	0.1%
ALSN	B	0.04%	0.09%	0.04%
AMAT	D	0.25%	0.49%	0.25%
AMG	C	0.04%	0.05%	0.04%
AMGN	D	0.48%	1.1%	0.48%
AMP	B	0.12%	0.09%	0.09%
AMZN	C	1.38%	1.4%	1.38%
AN	C	0.05%	0.09%	0.05%
ANDE	D	0.01%	0.02%	0.01%
ANET	C	0.04%	0.15%	0.04%
ANSS	D	0.02%	0.06%	0.02%
AON	B	0.12%	0.2%	0.12%
AOS	B	0.03%	0.12%	0.03%
APH	C	0.09%	0.11%	0.09%
APO	B	0.03%	0.12%	0.03%
AR	C	0.02%	0.04%	0.02%
ARCH	D	0.01%	0.01%	0.01%
ARW	B	0.08%	0.07%	0.07%
ASO	D	0.02%	0.04%	0.02%
ATR	B	0.02%	0.07%	0.02%
AVGO	C	0.67%	1.55%	0.67%
AVT	B	0.07%	0.05%	0.05%
AVTR	C	0.03%	0.04%	0.03%
AVY	C	0.04%	0.1%	0.04%
AXP	B	0.37%	0.21%	0.21%
AXTA	B	0.02%	0.03%	0.02%
AYI	B	0.04%	0.08%	0.04%
AZO	B	0.06%	0.31%	0.06%
BAC	D	1.22%	0.42%	0.42%
BAH	B	0.04%	0.15%	0.04%
BALL	C	0.06%	0.08%	0.06%
BAX	C	0.09%	0.04%	0.04%
BBWI	D	0.02%	0.02%	0.02%
BBY	A	0.19%	0.26%	0.19%
BC	C	0.03%	0.07%	0.03%
BCC	C	0.03%	0.07%	0.03%
BDX	D	0.11%	0.09%	0.09%
BECN	F	0.02%	0.01%	0.01%
BEN	F	0.04%	0.05%	0.04%
BERY	B	0.04%	0.06%	0.04%
BIIB	F	0.1%	0.08%	0.08%
BJ	D	0.02%	0.03%	0.02%
BK	B	0.26%	0.3%	0.26%
BKNG	B	0.2%	0.53%	0.2%
BKR	C	0.14%	0.18%	0.14%
BLD	C	0.02%	0.04%	0.02%
BLDR	C	0.04%	0.04%	0.04%
BMY	C	0.36%	0.3%	0.3%
BR	C	0.03%	0.16%	0.03%
BRK.A	C	2.26%	2.12%	2.12%
BRO	C	0.03%	0.14%	0.03%
BSX	B	0.09%	0.2%	0.09%
BTU	C	0.02%	0.05%	0.02%
BURL	C	0.03%	0.03%	0.03%
BWA	C	0.05%	0.05%	0.05%
BX	C	0.12%	0.25%	0.12%
BXP	C	0.05%	0.02%	0.02%
C	C	1.05%	1.34%	1.05%
CACI	B	0.03%	0.1%	0.03%
CAG	B	0.07%	0.05%	0.05%
CAH	C	0.07%	0.36%	0.07%
CARR	B	0.13%	0.14%	0.13%
CASY	D	0.05%	0.16%	0.05%
CAT	B	0.39%	0.47%	0.39%
CB	B	0.29%	0.17%	0.17%
CC	D	0.02%	0.02%	0.02%
CCK	B	0.04%	0.07%	0.04%
CCL	C	0.05%	0.05%	0.05%
CDW	D	0.06%	0.06%	0.06%
CE	D	0.06%	0.07%	0.06%
CEG	C	0.1%	0.11%	0.1%
CFG	D	0.1%	0.07%	0.07%
CG	C	0.03%	0.02%	0.02%
CHD	C	0.04%	0.07%	0.04%
CHE	C	0.01%	0.06%	0.01%
CHRW	B	0.07%	0.09%	0.07%
CHTR	D	0.32%	0.27%	0.27%
CI	C	0.55%	0.15%	0.15%
CINF	C	0.07%	0.02%	0.02%
CL	C	0.16%	0.33%	0.16%
CLX	C	0.04%	0.16%	0.04%
CMA	C	0.06%	0.04%	0.04%
CMC	D	0.03%	0.07%	0.03%
CMCSA	C	0.74%	0.26%	0.26%
CME	B	0.08%	0.21%	0.08%
CMG	D	0.04%	0.24%	0.04%
CMI	B	0.17%	0.12%	0.12%
CNO	C	0.04%	0.04%	0.04%
CNX	B	0.02%	0.07%	0.02%
COF	B	0.39%	0.47%	0.39%
COHR	C	0.01%	0.03%	0.01%
COP	F	0.42%	0.34%	0.34%
COST	C	0.72%	1.28%	0.72%
CPAY	B	0.05%	0.05%	0.05%
CPB	C	0.04%	0.01%	0.01%
CPRI	D	0.02%	0.01%	0.01%
CPRT	D	0.02%	0.21%	0.02%
CPT	C	0.02%	0.06%	0.02%
CRBG	C	0.03%	0.04%	0.03%
CRI	D	0.02%	0.07%	0.02%
CRM	C	0.12%	0.38%	0.12%
CSCO	B	0.74%	0.46%	0.46%
CSL	B	0.05%	0.02%	0.02%
CSX	C	0.21%	0.09%	0.09%
CTAS	C	0.09%	0.18%	0.09%
CTLT	B	0.02%	0.02%	0.02%
CTRA	F	0.01%	0.03%	0.01%
CTVA	B	0.09%	0.04%	0.04%
CVS	D	0.68%	0.88%	0.68%
CVX	F	1.07%	0.87%	0.87%
CW	B	0.03%	0.09%	0.03%
DAN	D	0.02%	0.02%	0.02%
DCI	C	0.02%	0.04%	0.02%
DD	B	0.18%	0.23%	0.18%
DECK	C	0.03%	0.17%	0.03%
DELL	C	0.01%	0.06%	0.01%
DFS	C	0.21%	0.08%	0.08%
DG	F	0.08%	0.06%	0.06%
DGX	B	0.07%	0.07%	0.07%
DHR	B	0.17%	0.28%	0.17%
DINO	F	0.05%	0.03%	0.03%
DK	F	0.01%	0.03%	0.01%
DKS	D	0.05%	0.1%	0.05%
DLR	B	0.08%	0.08%	0.08%
DLTR	F	0.05%	0.03%	0.03%
DOV	B	0.06%	0.02%	0.02%
DOW	C	0.19%	0.05%	0.05%
DOX	C	0.04%	0.03%	0.03%
DPZ	D	0.04%	0.19%	0.04%
DRI	C	0.05%	0.03%	0.03%
DUK	B	0.34%	0.14%	0.14%
DVA	B	0.07%	0.2%	0.07%
DXC	D	0.05%	0.02%	0.02%
EA	D	0.08%	0.09%	0.08%
EBAY	B	0.2%	0.38%	0.2%
ECL	B	0.09%	0.08%	0.08%
EFX	C	0.04%	0.1%	0.04%
EHC	B	0.02%	0.09%	0.02%
ELV	D	0.5%	0.09%	0.09%
EME	B	0.06%	0.04%	0.04%
EMN	B	0.08%	0.07%	0.07%
EMR	D	0.15%	0.16%	0.15%
EOG	D	0.2%	0.12%	0.12%
EQH	C	0.05%	0.08%	0.05%
EQIX	B	0.08%	0.03%	0.03%
ETN	C	0.21%	0.21%	0.21%
EVR	B	0.04%	0.13%	0.04%
EVRG	B	0.07%	0.02%	0.02%
EWBC	C	0.03%	0.02%	0.02%
EXC	B	0.18%	0.11%	0.11%
EXP	B	0.02%	0.07%	0.02%
EXPD	B	0.02%	0.08%	0.02%
EXR	C	0.04%	0.08%	0.04%
F	F	0.31%	0.37%	0.31%
FAF	B	0.04%	0.02%	0.02%
FANG	F	0.05%	0.05%	0.05%
FAST	C	0.07%	0.11%	0.07%
FCNCA	D	0.02%	0.05%	0.02%
FCX	C	0.14%	0.1%	0.1%
FFIV	B	0.03%	0.04%	0.03%
FHN	D	0.03%	0.01%	0.01%
FIS	C	0.13%	0.08%	0.08%
FITB	B	0.13%	0.06%	0.06%
FL	F	0.04%	0.06%	0.04%
FLEX	B	0.05%	0.06%	0.05%
FLO	C	0.02%	0.04%	0.02%
FLR	D	0.03%	0.01%	0.01%
FNF	B	0.07%	0.03%	0.03%
FOXA	B	0.09%	0.09%	0.09%
FTI	D	0.02%	0.12%	0.02%
FTNT	B	0.03%	0.06%	0.03%
FYBR	C	0.04%	0.01%	0.01%
G	C	0.02%	0.05%	0.02%
GAP	F	0.04%	0.08%	0.04%
GD	C	0.23%	0.18%	0.18%
GDDY	C	0.02%	0.1%	0.02%
GE	C	0.18%	1.28%	0.18%
GEHC	B	0.07%	0.03%	0.03%
GGG	C	0.02%	0.04%	0.02%
GILD	B	0.35%	0.85%	0.35%
GIS	B	0.13%	0.12%	0.12%
GLPI	C	0.02%	0.07%	0.02%
GLW	B	0.14%	0.22%	0.14%
GM	C	0.69%	0.65%	0.65%
GNRC	D	0.02%	0.05%	0.02%
GNTX	D	0.03%	0.07%	0.03%
GNW	C	0.03%	0.04%	0.03%
GOOGL	D	1.23%	1.33%	1.23%
GPC	D	0.05%	0.02%	0.02%
GPI	B	0.05%	0.1%	0.05%
GPK	C	0.03%	0.11%	0.03%
GS	B	0.57%	0.49%	0.49%
GT	F	0.03%	0.04%	0.03%
GWW	B	0.07%	0.19%	0.07%
HAL	F	0.06%	0.04%	0.04%
HBAN	B	0.07%	0.03%	0.03%
HBI	A	0.03%	0.04%	0.03%
HCA	B	0.26%	0.15%	0.15%
HD	B	0.79%	0.43%	0.43%
HIG	B	0.15%	0.06%	0.06%
HII	F	0.04%	0.02%	0.02%
HLT	B	0.06%	0.09%	0.06%
HOG	C	0.03%	0.03%	0.03%
HOLX	D	0.04%	0.03%	0.03%
HPE	C	0.18%	0.24%	0.18%
HPQ	C	0.2%	0.3%	0.2%
HRB	C	0.02%	0.1%	0.02%
HRL	F	0.03%	0.01%	0.01%
HSIC	C	0.04%	0.04%	0.04%
HST	D	0.04%	0.02%	0.02%
HSY	D	0.04%	0.06%	0.04%
HUBB	B	0.03%	0.1%	0.03%
HUBG	C	0.02%	0.04%	0.02%
HUN	C	0.03%	0.01%	0.01%
HWM	B	0.06%	0.13%	0.06%
IBM	B	0.62%	1.46%	0.62%
ICE	C	0.13%	0.31%	0.13%
IDXX	D	0.03%	0.06%	0.03%
IEX	C	0.02%	0.09%	0.02%
IFF	A	0.06%	0.04%	0.04%
INGR	B	0.05%	0.06%	0.05%
INTC	D	0.64%	0.42%	0.42%
INTU	D	0.1%	0.28%	0.1%
INVH	D	0.03%	0.06%	0.03%
IP	C	0.16%	0.13%	0.13%
IPG	C	0.04%	0.07%	0.04%
IR	B	0.03%	0.1%	0.03%
IRM	C	0.08%	0.12%	0.08%
IT	C	0.03%	0.17%	0.03%
ITT	B	0.03%	0.09%	0.03%
ITW	B	0.15%	0.09%	0.09%
IVZ	B	0.04%	0.06%	0.04%
JAZZ	D	0.01%	0.01%	0.01%
JBHT	D	0.04%	0.02%	0.02%
JBL	C	0.05%	0.07%	0.05%
JEF	C	0.05%	0.04%	0.04%
JHG	B	0.03%	0.04%	0.03%
JKHY	B	0.02%	0.11%	0.02%
JLL	B	0.09%	0.06%	0.06%
JNJ	C	1.0%	1.08%	1.0%
JNPR	A	0.05%	0.14%	0.05%
JPM	D	1.93%	0.97%	0.97%
JWN	C	0.02%	0.04%	0.02%
JXN	B	0.04%	0.1%	0.04%
K	A	0.07%	0.1%	0.07%
KBH	C	0.03%	0.05%	0.03%
KBR	D	0.02%	0.02%	0.02%
KD	F	0.05%	0.06%	0.05%
KDP	B	0.08%	0.07%	0.07%
KEY	C	0.09%	0.02%	0.02%
KHC	C	0.11%	0.17%	0.11%
KKR	B	0.12%	0.15%	0.12%
KLAC	D	0.1%	0.25%	0.1%
KMB	C	0.11%	0.17%	0.11%
KMI	C	0.19%	0.09%	0.09%
KNX	C	0.04%	0.01%	0.01%
KO	B	0.43%	0.63%	0.43%
KR	B	0.3%	0.38%	0.3%
KSS	D	0.07%	0.06%	0.06%
L	D	0.05%	0.09%	0.05%
LAD	B	0.05%	0.01%	0.01%
LAMR	B	0.03%	0.05%	0.03%
LDOS	A	0.08%	0.09%	0.08%
LEA	D	0.05%	0.03%	0.03%
LECO	D	0.02%	0.09%	0.02%
LEG	D	0.02%	0.02%	0.02%
LEN	B	0.19%	0.09%	0.09%
LHX	C	0.16%	0.2%	0.16%
LII	C	0.03%	0.26%	0.03%
LLY	D	0.26%	2.64%	0.26%
LMT	A	0.4%	0.55%	0.4%
LNC	C	0.05%	0.05%	0.05%
LOW	B	0.42%	0.26%	0.26%
LPLA	D	0.03%	0.07%	0.03%
LPX	B	0.04%	0.07%	0.04%
LRCX	D	0.16%	0.3%	0.16%
LSTR	D	0.02%	0.09%	0.02%
LUMN	C	0.58%	0.1%	0.1%
LVS	C	0.03%	0.01%	0.01%
LW	D	0.01%	0.04%	0.01%
LYB	D	0.15%	0.22%	0.15%
M	F	0.05%	0.05%	0.05%
MA	B	0.28%	0.85%	0.28%
MAN	C	0.05%	0.04%	0.04%
MAR	B	0.08%	0.13%	0.08%
MAS	B	0.06%	0.06%	0.06%
MATX	B	0.01%	0.03%	0.01%
MCD	B	0.34%	0.43%	0.34%
MCK	F	0.1%	0.54%	0.1%
MCO	C	0.08%	0.03%	0.03%
MDLZ	C	0.23%	0.23%	0.23%
MDU	B	0.02%	0.03%	0.02%
MET	B	0.26%	0.41%	0.26%
META	B	1.85%	2.29%	1.85%
MHK	B	0.08%	0.01%	0.01%
MKC	C	0.04%	0.08%	0.04%
MKL	C	0.05%	0.03%	0.03%
MKSI	F	0.02%	0.01%	0.01%
MLI	B	0.03%	0.07%	0.03%
MLM	D	0.04%	0.07%	0.04%
MMC	C	0.15%	0.2%	0.15%
MMM	B	0.4%	0.45%	0.4%
MMS	B	0.01%	0.06%	0.01%
MNST	D	0.04%	0.06%	0.04%
MO	C	0.37%	0.52%	0.37%
MOH	D	0.05%	0.03%	0.03%
MOS	F	0.05%	0.04%	0.04%
MPC	F	0.41%	0.69%	0.41%
MRK	F	0.51%	0.95%	0.51%
MRO	D	0.08%	0.11%	0.08%
MSCI	C	0.03%	0.08%	0.03%
MSI	B	0.06%	0.16%	0.06%
MSM	D	0.01%	0.06%	0.01%
MTB	C	0.1%	0.03%	0.03%
MTD	C	0.04%	0.08%	0.04%
MTG	B	0.03%	0.04%	0.03%
MTH	C	0.04%	0.09%	0.04%
MTN	D	0.01%	0.05%	0.01%
MU	D	0.35%	0.16%	0.16%
MUR	F	0.02%	0.05%	0.02%
MUSA	D	0.05%	0.18%	0.05%
NAVI	D	0.02%	0.03%	0.02%
NDAQ	C	0.03%	0.03%	0.03%
NDSN	C	0.02%	0.05%	0.02%
NEM	C	0.19%	0.1%	0.1%
NFG	B	0.02%	0.05%	0.02%
NFLX	B	0.15%	0.48%	0.15%
NKE	D	0.18%	0.05%	0.05%
NOC	B	0.21%	0.24%	0.21%
NOV	F	0.02%	0.05%	0.02%
NOW	C	0.01%	0.4%	0.01%
NRG	B	0.11%	0.08%	0.08%
NSIT	C	0.02%	0.07%	0.02%
NTAP	D	0.08%	0.09%	0.08%
NTRS	C	0.07%	0.03%	0.03%
NUE	D	0.18%	0.08%	0.08%
NVDA	C	0.37%	1.78%	0.37%
NVR	B	0.08%	0.07%	0.07%
NVT	C	0.02%	0.03%	0.02%
NWL	C	0.03%	0.02%	0.02%
NWSA	D	0.04%	0.07%	0.04%
NXST	D	0.03%	0.05%	0.03%
OC	C	0.06%	0.08%	0.06%
ODFL	D	0.05%	0.02%	0.02%
ODP	F	0.01%	0.02%	0.01%
OGN	D	0.07%	0.08%	0.07%
OI	D	0.02%	0.04%	0.02%
OKE	C	0.13%	0.09%	0.09%
OLN	D	0.03%	0.04%	0.03%
OMC	B	0.08%	0.06%	0.06%
OMF	D	0.05%	0.04%	0.04%
ORCL	B	0.49%	1.26%	0.49%
ORLY	B	0.1%	0.19%	0.1%
OSK	F	0.03%	0.08%	0.03%
OTIS	B	0.05%	0.07%	0.05%
PAG	D	0.02%	0.05%	0.02%
PANW	D	0.03%	0.25%	0.03%
PARA	D	0.09%	0.02%	0.02%
PAYX	C	0.06%	0.04%	0.04%
PBF	F	0.03%	0.07%	0.03%
PCAR	D	0.13%	0.09%	0.09%
PEG	B	0.11%	0.06%	0.06%
PEP	D	0.45%	0.65%	0.45%
PFE	D	0.76%	0.56%	0.56%
PFG	B	0.08%	0.01%	0.01%
PG	C	0.85%	0.91%	0.85%
PGR	C	0.26%	0.55%	0.26%
PH	B	0.12%	0.15%	0.12%
PHM	B	0.13%	0.19%	0.13%
PK	D	0.02%	0.06%	0.02%
PKG	B	0.07%	0.05%	0.05%
PM	C	0.51%	0.57%	0.51%
PNC	C	0.29%	0.11%	0.11%
PNR	B	0.04%	0.1%	0.04%
POOL	C	0.02%	0.07%	0.02%
POST	B	0.02%	0.05%	0.02%
PPG	C	0.08%	0.05%	0.05%
PRU	C	0.23%	0.27%	0.23%
PSA	C	0.06%	0.04%	0.04%
PSX	F	0.36%	0.59%	0.36%
PVH	D	0.04%	0.04%	0.04%
PWR	B	0.06%	0.15%	0.06%
QCOM	D	0.46%	0.69%	0.46%
QRVO	F	0.05%	0.01%	0.01%
R	C	0.06%	0.07%	0.06%
REGN	D	0.16%	0.48%	0.16%
REZI	D	0.02%	0.02%	0.02%
RGA	C	0.04%	0.05%	0.04%
RHI	D	0.03%	0.02%	0.02%
RJF	C	0.04%	0.02%	0.02%
RL	B	0.03%	0.04%	0.03%
RMD	C	0.04%	0.13%	0.04%
ROP	C	0.05%	0.06%	0.05%
ROST	C	0.08%	0.08%	0.08%
RPM	B	0.04%	0.12%	0.04%
RS	D	0.08%	0.09%	0.08%
RSG	D	0.07%	0.13%	0.07%
RUSHA	C	0.02%	0.03%	0.02%
SAIC	C	0.03%	0.01%	0.01%
SANM	D	0.03%	0.06%	0.03%
SBAC	C	0.02%	0.03%	0.02%
SBUX	C	0.26%	0.06%	0.06%
SCHW	D	0.1%	0.17%	0.1%
SCI	C	0.03%	0.07%	0.03%
SEE	C	0.02%	0.07%	0.02%
SEIC	B	0.02%	0.07%	0.02%
SFM	B	0.05%	0.21%	0.05%
SHW	B	0.09%	0.22%	0.09%
SJM	C	0.06%	0.03%	0.03%
SKX	C	0.03%	0.02%	0.02%
SLB	F	0.11%	0.1%	0.1%
SLG	C	0.03%	0.08%	0.03%
SLM	C	0.04%	0.07%	0.04%
SM	F	0.02%	0.03%	0.02%
SNV	D	0.02%	0.01%	0.01%
SON	D	0.03%	0.04%	0.03%
SPG	B	0.11%	0.16%	0.11%
SPGI	C	0.15%	0.07%	0.07%
STE	B	0.03%	0.13%	0.03%
STLD	C	0.09%	0.05%	0.05%
STZ	C	0.07%	0.05%	0.05%
SUI	C	0.03%	0.06%	0.03%
SWN	C	0.03%	0.01%	0.01%
SYF	C	0.27%	0.33%	0.27%
SYY	C	0.1%	0.07%	0.07%
T	B	1.39%	1.31%	1.31%
TAP	D	0.05%	0.09%	0.05%
TDG	B	0.08%	0.17%	0.08%
TDS	B	0.05%	0.04%	0.04%
TER	C	0.05%	0.04%	0.04%
TFC	D	0.22%	0.09%	0.09%
TFX	B	0.02%	0.03%	0.02%
TGNA	C	0.02%	0.04%	0.02%
TGT	C	0.38%	0.74%	0.38%
THC	C	0.08%	0.3%	0.08%
THG	C	0.02%	0.04%	0.02%
THO	C	0.04%	0.07%	0.04%
TJX	C	0.24%	0.36%	0.24%
TKR	C	0.02%	0.05%	0.02%
TMHC	B	0.04%	0.09%	0.04%
TMUS	B	0.24%	0.33%	0.24%
TOL	A	0.06%	0.11%	0.06%
TPH	C	0.03%	0.06%	0.03%
TPR	A	0.04%	0.01%	0.01%
TPX	B	0.02%	0.06%	0.02%
TRGP	C	0.06%	0.14%	0.06%
TROW	C	0.11%	0.08%	0.08%
TRV	C	0.31%	0.34%	0.31%
TSCO	B	0.06%	0.07%	0.06%
TSN	D	0.2%	0.23%	0.2%
TTC	F	0.02%	0.08%	0.02%
TTWO	D	0.02%	0.08%	0.02%
TXN	B	0.34%	0.22%	0.22%
TXT	D	0.06%	0.03%	0.03%
UBER	C	0.04%	0.24%	0.04%
UDR	C	0.03%	0.03%	0.03%
UFPI	C	0.03%	0.08%	0.03%
UHAL	B	0.02%	0.04%	0.02%
UHAL	B	0.02%	0.01%	0.01%
UHS	C	0.1%	0.1%	0.1%
ULTA	D	0.03%	0.05%	0.03%
UNM	B	0.05%	0.12%	0.05%
UNP	D	0.4%	0.5%	0.4%
UPS	D	0.25%	0.2%	0.2%
URI	B	0.13%	0.11%	0.11%
USB	C	0.3%	0.12%	0.12%
USFD	C	0.07%	0.1%	0.07%
V	C	0.35%	0.92%	0.35%
VFC	B	0.06%	0.02%	0.02%
VLO	F	0.37%	0.58%	0.37%
VMC	C	0.04%	0.07%	0.04%
VNO	B	0.05%	0.07%	0.05%
VRSK	D	0.04%	0.21%	0.04%
VRSN	C	0.01%	0.04%	0.01%
VRTX	D	0.08%	0.23%	0.08%
VSH	F	0.01%	0.04%	0.01%
VST	B	0.12%	0.32%	0.12%
VTRS	D	0.09%	0.15%	0.09%
VZ	A	1.33%	1.07%	1.07%
WAB	B	0.06%	0.05%	0.05%
WAT	B	0.04%	0.05%	0.04%
WBA	F	0.14%	0.15%	0.14%
WCC	C	0.03%	0.09%	0.03%
WDC	C	0.13%	0.16%	0.13%
WELL	C	0.11%	0.11%	0.11%
WERN	C	0.02%	0.03%	0.02%
WFC	D	1.09%	1.49%	1.09%
WHR	C	0.07%	0.05%	0.05%
WM	D	0.15%	0.24%	0.15%
WMB	C	0.15%	0.08%	0.08%
WMT	B	1.5%	1.99%	1.5%
WPC	C	0.02%	0.06%	0.02%
WRB	D	0.04%	0.02%	0.02%
WSM	C	0.06%	0.26%	0.06%
WSO	C	0.03%	0.23%	0.03%
WST	D	0.02%	0.05%	0.02%
WTW	B	0.07%	0.05%	0.05%
WU	C	0.04%	0.08%	0.04%
X	F	0.08%	0.07%	0.07%
XOM	D	1.91%	1.08%	1.08%
XRAY	D	0.02%	0.04%	0.02%
XRX	D	0.02%	0.02%	0.02%
XYL	C	0.04%	0.12%	0.04%
YUM	B	0.08%	0.11%	0.08%
ZION	D	0.05%	0.03%	0.03%
ZTS	B	0.08%	0.04%	0.04%

FNDX Overweight 185 Positions Relative to MFUS

Symbol	Grade	Weight
MSFT	C	2.53%
UNH	C	1.23%
GOOG	D	1.07%
DIS	D	0.38%
MS	B	0.36%
RTX	B	0.36%
LIN	B	0.35%
HON	C	0.34%
ABT	C	0.34%
FDX	D	0.33%
SO	B	0.29%
TMO	B	0.29%
NEE	B	0.29%
MDT	B	0.27%
CNC	D	0.25%
BLK	B	0.25%
DE	A	0.22%
HUM	F	0.2%
NSC	C	0.2%
DHI	C	0.2%
AEP	C	0.19%
PYPL	B	0.19%
D	C	0.19%
TSLA	C	0.18%
CTSH	B	0.18%
JCI	B	0.15%
AMT	C	0.14%
CBRE	B	0.13%
SYK	C	0.13%
BA	F	0.13%
ED	B	0.13%
ADI	C	0.13%
XEL	B	0.12%
APD	B	0.12%
SRE	B	0.12%
BG	F	0.11%
EIX	B	0.11%
TEL	D	0.11%
ETR	A	0.11%
CCI	C	0.11%
OXY	F	0.11%
SW	B	0.11%
PPL	A	0.11%
STT	B	0.1%
STX	B	0.1%
FE	B	0.1%
ISRG	C	0.09%
VTR	C	0.09%
ES	B	0.09%
TT	B	0.09%
WY	C	0.09%
AMD	C	0.09%
RF	B	0.08%
NXPI	D	0.08%
GPN	D	0.08%
DVN	F	0.08%
PLD	C	0.08%
IQV	D	0.08%
DTE	A	0.08%
SWK	B	0.08%
WEC	B	0.08%
KMX	D	0.07%
AEE	B	0.07%
J	A	0.06%
AVB	C	0.06%
CNP	C	0.06%
EQR	C	0.06%
CF	B	0.06%
CMS	B	0.06%
WBD	D	0.06%
PNW	C	0.05%
UGI	B	0.05%
ZBH	F	0.05%
AME	C	0.05%
NI	B	0.05%
SWKS	F	0.05%
ACGL	B	0.05%
AWK	C	0.05%
ORI	B	0.05%
GEV	B	0.05%
LKQ	F	0.05%
LNG	D	0.05%
PFGC	B	0.05%
ROK	D	0.05%
MGM	D	0.05%
MCHP	D	0.05%
ESS	C	0.04%
ZBRA	B	0.04%
HAS	B	0.04%
MRVL	D	0.04%
BAP	B	0.04%
MAA	C	0.04%
EL	D	0.04%
ON	D	0.04%
EW	F	0.04%
MRNA	F	0.04%
SSNC	C	0.04%
DOC	B	0.04%
ATO	B	0.04%
SOLV	D	0.04%
GRMN	D	0.04%
O	B	0.04%
ZIM	B	0.04%
APTV	D	0.04%
LNT	A	0.04%
SNA	B	0.04%
HES	F	0.04%
OVV	F	0.04%
REG	C	0.03%
SNX	C	0.03%
ILMN	D	0.03%
CIEN	B	0.03%
TRMB	C	0.03%
EG	B	0.03%
CLF	F	0.03%
AER	C	0.03%
BPOP	C	0.03%
PCG	C	0.03%
EXPE	C	0.03%
VOYA	B	0.03%
RRX	C	0.03%
FMC	B	0.03%
KVUE	B	0.03%
TRU	B	0.03%
CHKP	B	0.03%
SNPS	F	0.03%
CDNS	D	0.03%
APA	F	0.03%
KIM	C	0.03%
ARMK	B	0.03%
MTZ	C	0.03%
OGE	B	0.03%
GL	D	0.03%
FTV	C	0.03%
CCEP	C	0.03%
ARE	C	0.03%
KEYS	B	0.03%
CNH	C	0.03%
EQT	C	0.03%
EPAM	F	0.02%
UNFI	B	0.02%
CBOE	C	0.02%
WLK	C	0.02%
ICLR	F	0.02%
AMCR	B	0.02%
GXO	D	0.02%
MIDD	C	0.02%
CZR	C	0.02%
LULU	D	0.02%
CHK	C	0.02%
SQ	D	0.02%
DAR	F	0.02%
PRGO	F	0.02%
FSLR	C	0.02%
CAR	D	0.02%
CYH	C	0.02%
PENN	D	0.02%
AL	C	0.02%
ALLE	B	0.02%
ALB	D	0.02%
POR	B	0.02%
ASGN	D	0.02%
ST	D	0.02%
DAL	C	0.02%
QRTEA	F	0.02%
LUV	C	0.02%
STWD	B	0.02%
PRI	B	0.02%
TDY	B	0.02%
MPW	C	0.02%
PII	D	0.02%
ALV	F	0.02%
VICI	C	0.02%
BRX	C	0.02%
ALK	B	0.01%
CNXC	F	0.01%
HTZ	F	0.01%
DBX	C	0.01%
CRL	F	0.01%
WTRG	D	0.01%
VAC	D	0.01%
TNL	C	0.01%
LILAK	D	0.01%
SPTN	C	0.01%
AAL	D	0.0%

FNDX Underweight 248 Positions Relative to MFUS

Symbol	Grade	Weight
ANF	D	-0.29%
FICO	B	-0.25%
UTHR	B	-0.17%
SMCI	F	-0.16%
CRS	C	-0.12%
ARES	B	-0.11%
ERIE	B	-0.1%
DASH	B	-0.1%
BWXT	A	-0.09%
RCL	B	-0.09%
MPWR	B	-0.09%
TYL	C	-0.08%
HLI	C	-0.08%
COIN	F	-0.07%
TEX	F	-0.07%
CALM	B	-0.07%
FCN	C	-0.07%
SIG	C	-0.06%
FDS	C	-0.06%
IBKR	B	-0.06%
URBN	F	-0.06%
HCC	D	-0.06%
FIX	B	-0.06%
MHO	B	-0.06%
KTB	B	-0.06%
MOG.A	B	-0.05%
CRUS	D	-0.05%
LANC	F	-0.05%
CLH	C	-0.05%
ATI	C	-0.05%
CUBE	C	-0.05%
BDC	B	-0.05%
ROL	C	-0.05%
SLGN	B	-0.05%
APP	C	-0.05%
SMG	B	-0.05%
COOP	C	-0.05%
ATGE	C	-0.05%
MAC	B	-0.05%
LOPE	D	-0.05%
CBT	B	-0.05%
WEN	C	-0.05%
SKYW	C	-0.05%
TXRH	B	-0.05%
VIRT	C	-0.05%
TW	B	-0.05%
NYT	B	-0.05%
PTC	C	-0.05%
GEO	F	-0.04%
PDCO	F	-0.04%
SEM	D	-0.04%
DBRG	D	-0.04%
BHF	F	-0.04%
TRN	C	-0.04%
CVLT	B	-0.04%
SBH	B	-0.04%
SLVM	C	-0.04%
WTM	F	-0.04%
MSA	D	-0.04%
ACA	B	-0.04%
APG	F	-0.04%
COLD	D	-0.04%
PSTG	F	-0.04%
FND	C	-0.04%
XPO	D	-0.04%
VC	F	-0.04%
CPNG	B	-0.04%
APLE	C	-0.04%
DDS	D	-0.04%
AMH	D	-0.04%
GMS	C	-0.04%
AROC	D	-0.04%
ELS	D	-0.04%
FHI	B	-0.04%
GATX	D	-0.04%
NBIX	F	-0.04%
HEI	C	-0.04%
SAIA	D	-0.04%
RGLD	C	-0.04%
ENTG	D	-0.04%
PINS	D	-0.04%
HXL	F	-0.04%
PR	F	-0.04%
GVA	B	-0.04%
RRC	D	-0.04%
AGNC	B	-0.04%
SRCL	B	-0.04%
SEB	D	-0.04%
PLXS	B	-0.03%
PINC	D	-0.03%
DRH	C	-0.03%
NEU	D	-0.03%
VNT	F	-0.03%
BKE	B	-0.03%
RYN	C	-0.03%
UNF	B	-0.03%
SHO	C	-0.03%
STC	C	-0.03%
COKE	C	-0.03%
LZB	C	-0.03%
THS	C	-0.03%
OKTA	F	-0.03%
FR	C	-0.03%
RLI	B	-0.03%
SSD	C	-0.03%
VVV	D	-0.03%
BKU	D	-0.03%
PRG	C	-0.03%
BRKR	D	-0.03%
YELP	D	-0.03%
BFAM	C	-0.03%
MC	C	-0.03%
AWI	B	-0.03%
WH	B	-0.03%
HOOD	C	-0.03%
HP	F	-0.03%
RPRX	C	-0.03%
GBX	D	-0.03%
MORN	C	-0.03%
AVA	B	-0.03%
AMKR	F	-0.03%
WTS	C	-0.03%
DLB	D	-0.03%
SHOO	B	-0.03%
PRIM	B	-0.03%
MANH	B	-0.03%
CWEN	A	-0.02%
LAUR	C	-0.02%
OLLI	C	-0.02%
ESNT	B	-0.02%
PTEN	F	-0.02%
KEX	C	-0.02%
BHE	C	-0.02%
BMRN	F	-0.02%
TTEK	C	-0.02%
PHIN	C	-0.02%
SCS	D	-0.02%
WAL	B	-0.02%
DNOW	F	-0.02%
SATS	C	-0.02%
LXP	C	-0.02%
CHDN	D	-0.02%
APOG	B	-0.02%
SNDR	B	-0.02%
HNI	C	-0.02%
DORM	C	-0.02%
GES	F	-0.02%
OSIS	C	-0.02%
MCY	C	-0.02%
SAM	D	-0.02%
IGT	D	-0.02%
GWRE	B	-0.02%
LBRDK	C	-0.02%
SNAP	D	-0.02%
PMT	C	-0.02%
RLJ	D	-0.02%
EPC	F	-0.02%
NTCT	C	-0.02%
XHR	B	-0.02%
SXT	B	-0.02%
GHC	B	-0.02%
NSP	F	-0.02%
AIT	B	-0.02%
VSTO	C	-0.02%
PSN	B	-0.02%
MKTX	D	-0.02%
FLS	C	-0.02%
GMED	D	-0.02%
CXW	F	-0.02%
HAE	D	-0.02%
WMS	D	-0.02%
KMPR	D	-0.02%
GEF	C	-0.02%
ORA	B	-0.02%
PFSI	C	-0.02%
LNW	F	-0.02%
CHRD	F	-0.02%
AIR	D	-0.02%
EXEL	C	-0.02%
TDC	D	-0.02%
MASI	C	-0.02%
PNM	B	-0.02%
APAM	C	-0.02%
SCHL	D	-0.01%
SCL	D	-0.01%
KALU	D	-0.01%
LYFT	D	-0.01%
CACC	F	-0.01%
UVV	D	-0.01%
ESI	C	-0.01%
SCCO	C	-0.01%
UAL	B	-0.01%
ECPG	D	-0.01%
WGO	D	-0.01%
ELAN	D	-0.01%
SWX	C	-0.01%
MTDR	F	-0.01%
MLKN	F	-0.01%
HELE	D	-0.01%
WOR	F	-0.01%
SIGI	D	-0.01%
SYNA	D	-0.01%
PECO	C	-0.01%
AMED	D	-0.01%
INCY	C	-0.01%
ESAB	C	-0.01%
HPP	F	-0.01%
CENTA	F	-0.01%
WAFD	D	-0.01%
BRC	B	-0.01%
CNM	F	-0.01%
SPB	B	-0.01%
JELD	D	-0.01%
DTM	C	-0.01%
JBGS	C	-0.01%
FELE	B	-0.01%
WMK	D	-0.01%
KN	D	-0.01%
WTFC	C	-0.01%
TTMI	D	-0.01%
ARCB	D	-0.01%
CADE	C	-0.01%
DY	C	-0.01%
CBSH	D	-0.01%
ONB	D	-0.01%
STRA	F	-0.01%
CSGS	C	-0.01%
CR	B	-0.01%
SF	B	-0.01%
WWD	C	-0.01%
WBS	C	-0.01%
CBRL	D	-0.01%
RBC	B	-0.01%
H	B	-0.01%
TREX	F	-0.01%
LADR	D	-0.01%
GOLF	F	-0.01%
DEI	B	-0.01%
NNI	C	-0.01%
CVI	F	-0.01%
SAH	D	-0.01%
AMWD	C	-0.01%
IOSP	F	-0.01%
OMI	D	-0.01%
TNET	F	-0.01%
PSMT	B	-0.01%
NOMD	C	-0.0%
WOLF	F	-0.0%