FNDX vs. PAPI ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Parametric Equity Premium Income ETF (PAPI)

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

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	PAPI
30 Days	3.67%	3.08%
60 Days	4.58%	3.73%
90 Days	6.53%	4.88%
12 Months	29.67%	19.25%

160 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in PAPI	Overlap
ABBV	D	0.49%	0.46%	0.46%
ABT	B	0.34%	0.52%	0.34%
ACN	C	0.36%	0.5%	0.36%
ADI	D	0.13%	0.48%	0.13%
ADM	D	0.21%	0.47%	0.21%
ADP	B	0.15%	0.54%	0.15%
AEE	A	0.07%	0.54%	0.07%
AEP	D	0.16%	0.5%	0.16%
AFG	A	0.05%	0.54%	0.05%
AFL	B	0.21%	0.5%	0.21%
AMCR	D	0.03%	0.47%	0.03%
AOS	F	0.02%	0.48%	0.02%
APD	A	0.13%	0.51%	0.13%
ATO	A	0.04%	0.53%	0.04%
ATR	B	0.02%	0.52%	0.02%
AVT	C	0.07%	0.51%	0.07%
BBY	D	0.16%	0.49%	0.16%
BDX	F	0.11%	0.5%	0.11%
BG	F	0.1%	0.5%	0.1%
BKR	B	0.16%	0.62%	0.16%
CAG	D	0.06%	0.48%	0.06%
CAH	B	0.07%	0.56%	0.07%
CHD	B	0.04%	0.54%	0.04%
CHE	D	0.01%	0.49%	0.01%
CI	F	0.48%	0.47%	0.47%
CINF	A	0.07%	0.58%	0.07%
CMCSA	B	0.83%	0.54%	0.54%
CME	A	0.08%	0.52%	0.08%
CMI	A	0.19%	0.57%	0.19%
COP	C	0.48%	0.56%	0.48%
COR	B	0.02%	0.54%	0.02%
COST	B	0.66%	0.54%	0.54%
CRI	D	0.01%	0.41%	0.01%
CSCO	B	0.82%	0.54%	0.54%
CTRA	B	0.03%	0.57%	0.03%
CTSH	B	0.19%	0.53%	0.19%
CTVA	C	0.09%	0.5%	0.09%
CVX	A	1.25%	0.57%	0.57%
D	C	0.17%	0.5%	0.17%
DCI	B	0.02%	0.55%	0.02%
DD	D	0.17%	0.51%	0.17%
DGX	A	0.07%	0.57%	0.07%
DHR	F	0.15%	0.45%	0.15%
DINO	D	0.05%	0.51%	0.05%
DOW	F	0.18%	0.44%	0.18%
DOX	D	0.04%	0.49%	0.04%
DRI	B	0.05%	0.54%	0.05%
DUK	C	0.3%	0.5%	0.3%
DVN	F	0.09%	0.5%	0.09%
EA	A	0.09%	0.59%	0.09%
ED	D	0.12%	0.48%	0.12%
ELV	F	0.36%	0.43%	0.36%
EMN	D	0.08%	0.49%	0.08%
EMR	A	0.17%	0.61%	0.17%
EOG	A	0.23%	0.56%	0.23%
EVRG	A	0.07%	0.55%	0.07%
EXPD	D	0.04%	0.52%	0.04%
FAST	B	0.07%	0.56%	0.07%
FE	C	0.09%	0.5%	0.09%
FLO	D	0.02%	0.49%	0.02%
FMC	D	0.03%	0.46%	0.03%
FNF	B	0.06%	0.51%	0.06%
FOXA	B	0.1%	0.57%	0.1%
GD	F	0.21%	0.5%	0.21%
GGG	B	0.02%	0.55%	0.02%
GILD	C	0.37%	0.53%	0.37%
GLW	B	0.14%	0.53%	0.14%
GNTX	C	0.03%	0.54%	0.03%
GPC	D	0.05%	0.45%	0.05%
GRMN	B	0.03%	0.65%	0.03%
HAS	D	0.03%	0.46%	0.03%
HIG	B	0.14%	0.51%	0.14%
HII	D	0.03%	0.39%	0.03%
HPE	B	0.21%	0.53%	0.21%
HPQ	B	0.21%	0.52%	0.21%
HRL	D	0.03%	0.49%	0.03%
HUN	F	0.03%	0.44%	0.03%
IBM	C	0.54%	0.46%	0.46%
INGR	B	0.05%	0.55%	0.05%
IP	B	0.17%	0.63%	0.17%
IPG	D	0.04%	0.45%	0.04%
JCI	C	0.16%	0.58%	0.16%
JHG	A	0.03%	0.58%	0.03%
JKHY	D	0.02%	0.49%	0.02%
JNJ	D	0.89%	0.5%	0.5%
KDP	D	0.07%	0.46%	0.07%
KHC	F	0.09%	0.46%	0.09%
KMB	D	0.1%	0.49%	0.1%
KMI	A	0.23%	0.58%	0.23%
KO	D	0.35%	0.45%	0.35%
LEA	D	0.05%	0.48%	0.05%
LEN	D	0.16%	0.47%	0.16%
LH	C	0.09%	0.57%	0.09%
LHX	C	0.16%	0.53%	0.16%
LIN	D	0.33%	0.49%	0.33%
LKQ	D	0.05%	0.51%	0.05%
LNT	A	0.04%	0.52%	0.04%
LYB	F	0.14%	0.48%	0.14%
MAN	D	0.04%	0.44%	0.04%
MDT	D	0.16%	0.51%	0.16%
MO	A	0.37%	0.59%	0.37%
MOS	F	0.06%	0.54%	0.06%
MRK	F	0.42%	0.46%	0.42%
MSFT	F	2.43%	0.53%	0.53%
MSM	C	0.01%	0.53%	0.01%
MTG	C	0.02%	0.5%	0.02%
MTN	C	0.02%	0.54%	0.02%
NEM	D	0.13%	0.38%	0.13%
NFG	A	0.02%	0.52%	0.02%
OGE	B	0.03%	0.55%	0.03%
OKE	A	0.14%	0.61%	0.14%
OMC	C	0.08%	0.49%	0.08%
ORI	A	0.05%	0.54%	0.05%
PAG	B	0.02%	0.54%	0.02%
PAYX	C	0.06%	0.53%	0.06%
PEG	A	0.11%	0.52%	0.11%
PEP	F	0.41%	0.48%	0.41%
PFE	D	0.68%	0.44%	0.44%
PFG	D	0.09%	0.5%	0.09%
PG	A	0.77%	0.52%	0.52%
PII	D	0.02%	0.43%	0.02%
PKG	A	0.07%	0.56%	0.07%
PM	B	0.48%	0.56%	0.48%
POR	C	0.02%	0.51%	0.02%
PPG	F	0.08%	0.49%	0.08%
PPL	B	0.11%	0.55%	0.11%
PRU	A	0.22%	0.53%	0.22%
PSX	C	0.36%	0.52%	0.36%
QCOM	F	0.43%	0.49%	0.43%
RF	A	0.09%	0.57%	0.09%
RHI	B	0.04%	0.57%	0.04%
ROP	B	0.05%	0.52%	0.05%
RS	B	0.09%	0.56%	0.09%
RTX	C	0.34%	0.5%	0.34%
SNA	A	0.06%	0.63%	0.06%
SNX	C	0.03%	0.5%	0.03%
SO	D	0.26%	0.5%	0.26%
SON	D	0.02%	0.49%	0.02%
SRE	A	0.13%	0.57%	0.13%
SWKS	F	0.04%	0.45%	0.04%
SYK	C	0.13%	0.57%	0.13%
T	A	1.27%	0.55%	0.55%
TAP	C	0.05%	0.59%	0.05%
TJX	A	0.22%	0.54%	0.22%
TROW	B	0.13%	0.56%	0.13%
TRV	B	0.31%	0.57%	0.31%
TXN	C	0.34%	0.53%	0.34%
UNH	C	1.22%	0.55%	0.55%
UNM	A	0.06%	0.61%	0.06%
UPS	C	0.28%	0.52%	0.28%
VLO	C	0.39%	0.55%	0.39%
VZ	C	1.13%	0.5%	0.5%
WEC	A	0.08%	0.52%	0.08%
WHR	B	0.08%	0.57%	0.08%
WMB	A	0.17%	0.58%	0.17%
WMT	A	1.47%	0.54%	0.54%
WSO	A	0.03%	0.56%	0.03%
WU	D	0.03%	0.48%	0.03%
XEL	A	0.12%	0.57%	0.12%
XOM	B	1.99%	0.52%	0.52%

FNDX Overweight 561 Positions Relative to PAPI

Symbol	Grade	Weight
AAPL	C	4.35%
BRK.A	B	2.17%
JPM	A	2.03%
META	D	1.79%
AMZN	C	1.56%
WFC	A	1.35%
GOOGL	C	1.33%
BAC	A	1.3%
GOOG	C	1.14%
C	A	1.1%
INTC	D	0.89%
HD	A	0.8%
GM	B	0.79%
CVS	D	0.68%
LUMN	C	0.65%
GS	A	0.62%
AVGO	D	0.61%
ORCL	B	0.5%
COF	B	0.48%
MS	A	0.46%
BMY	B	0.45%
DIS	B	0.45%
LOW	D	0.43%
CAT	B	0.41%
MPC	D	0.4%
NVDA	C	0.4%
AMGN	D	0.39%
MU	D	0.38%
TGT	F	0.38%
LMT	D	0.37%
HON	B	0.37%
AXP	A	0.36%
V	A	0.36%
CHTR	C	0.35%
MMM	D	0.35%
UNP	C	0.35%
SYF	B	0.34%
MCD	D	0.34%
F	C	0.33%
FDX	B	0.32%
USB	A	0.32%
KR	B	0.3%
PNC	B	0.3%
MA	C	0.29%
TSLA	B	0.28%
BLK	C	0.28%
AIG	B	0.28%
SBUX	A	0.28%
ALL	A	0.27%
DFS	B	0.26%
MET	A	0.26%
CB	C	0.26%
BK	A	0.26%
TMO	F	0.25%
TMUS	B	0.25%
NEE	D	0.24%
AMAT	F	0.24%
BKNG	A	0.24%
TFC	A	0.23%
ETN	A	0.23%
DE	A	0.23%
PGR	A	0.23%
CSX	B	0.22%
PYPL	B	0.22%
NSC	B	0.21%
ADBE	C	0.2%
MDLZ	F	0.2%
NOC	D	0.2%
TSN	B	0.2%
LLY	F	0.2%
HCA	F	0.2%
HUM	C	0.19%
NKE	D	0.19%
CNC	D	0.19%
NUE	C	0.19%
EXC	C	0.17%
WBA	F	0.17%
NFLX	A	0.17%
EBAY	D	0.17%
VST	B	0.16%
DHI	D	0.16%
AMP	A	0.15%
SPGI	C	0.15%
LRCX	F	0.15%
ITW	B	0.15%
PCAR	B	0.15%
WM	A	0.15%
CRM	B	0.15%
GE	D	0.15%
FCX	D	0.14%
MMC	B	0.14%
CL	D	0.13%
PH	A	0.13%
SCHW	B	0.13%
FITB	A	0.13%
BX	A	0.13%
AON	A	0.13%
CBRE	B	0.13%
FI	A	0.13%
URI	B	0.13%
FIS	C	0.12%
ETR	B	0.12%
SLB	C	0.12%
WDC	D	0.12%
CARR	D	0.12%
KKR	A	0.12%
ORLY	B	0.11%
MTB	A	0.11%
PARA	C	0.11%
MCK	B	0.11%
OXY	D	0.11%
BA	F	0.11%
ICE	C	0.11%
INTU	C	0.11%
PHM	D	0.11%
AMT	D	0.11%
STLD	B	0.11%
GIS	D	0.11%
EIX	B	0.1%
SYY	B	0.1%
ALLY	C	0.1%
VTRS	A	0.1%
REGN	F	0.1%
STT	A	0.1%
CEG	D	0.1%
KEY	B	0.1%
WELL	A	0.1%
NRG	B	0.1%
SPG	B	0.1%
CFG	B	0.1%
MRO	B	0.09%
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%
APH	A	0.09%
WY	D	0.09%
CCI	D	0.09%
AMD	F	0.09%
GEHC	F	0.09%
ARW	D	0.08%
HBAN	A	0.08%
NTRS	A	0.08%
NVR	D	0.08%
USFD	A	0.08%
CHRW	C	0.08%
VTR	C	0.08%
YUM	B	0.08%
ES	D	0.08%
KLAC	D	0.08%
UHS	D	0.08%
DG	F	0.08%
GWW	B	0.08%
WKC	D	0.08%
DLR	B	0.08%
EQIX	A	0.08%
CTAS	B	0.08%
ECL	D	0.08%
JLL	D	0.08%
WBD	C	0.08%
SHW	A	0.08%
K	A	0.07%
BAX	D	0.07%
IQV	D	0.07%
OC	A	0.07%
VFC	C	0.07%
MSI	B	0.07%
HWM	A	0.07%
SWK	D	0.07%
CMA	A	0.07%
CF	B	0.07%
WTW	B	0.07%
TRGP	B	0.07%
THC	D	0.07%
MCO	B	0.07%
NTAP	C	0.07%
STZ	D	0.07%
PWR	A	0.07%
R	B	0.07%
PLD	D	0.07%
X	C	0.07%
LAD	A	0.07%
ZTS	D	0.07%
ROST	C	0.07%
DTE	C	0.07%
LDOS	C	0.07%
VRTX	F	0.07%
OVV	B	0.06%
HES	B	0.06%
TOL	B	0.06%
M	D	0.06%
ODFL	B	0.06%
MGM	D	0.06%
DVA	B	0.06%
TSCO	D	0.06%
CPAY	A	0.06%
JEF	A	0.06%
TXT	D	0.06%
BLDR	D	0.06%
ROK	B	0.06%
BALL	D	0.06%
AZO	C	0.06%
CMS	C	0.06%
AA	B	0.06%
ZION	B	0.06%
OMF	A	0.06%
MHK	D	0.06%
LNG	B	0.06%
CCL	B	0.06%
FLEX	A	0.06%
JBL	B	0.06%
IRM	D	0.06%
PFGC	B	0.06%
HLT	A	0.06%
EME	C	0.06%
CNP	B	0.06%
TT	A	0.06%
HAL	C	0.06%
RSG	A	0.06%
WAB	B	0.06%
DOV	A	0.06%
TDG	D	0.06%
KSS	F	0.06%
KMX	B	0.06%
MOH	F	0.05%
ACM	A	0.05%
VNO	B	0.05%
NI	A	0.05%
MNST	C	0.05%
VMC	B	0.05%
ZBH	C	0.05%
JBHT	C	0.05%
MKL	A	0.05%
CSL	C	0.05%
NXPI	D	0.05%
DLTR	F	0.05%
MCHP	D	0.05%
IVZ	B	0.05%
IFF	D	0.05%
L	A	0.05%
JNPR	F	0.05%
AES	F	0.05%
AJG	B	0.05%
AN	C	0.05%
BXP	D	0.05%
OTIS	C	0.05%
KD	B	0.05%
AVB	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
EQH	B	0.05%
TDS	B	0.05%
EQR	B	0.05%
GPI	A	0.05%
FANG	D	0.05%
CASY	A	0.05%
BWA	D	0.05%
MAS	D	0.05%
J	F	0.05%
TPR	B	0.05%
AME	A	0.05%
SFM	A	0.05%
RJF	A	0.05%
SJM	D	0.05%
BFH	B	0.05%
PSA	D	0.05%
LNC	B	0.05%
KVUE	A	0.05%
A	D	0.05%
ANET	C	0.04%
O	D	0.04%
FBIN	D	0.04%
UBER	D	0.04%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
EXPE	B	0.04%
SSNC	B	0.04%
TER	D	0.04%
OSK	B	0.04%
AVY	D	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%
FYBR	D	0.04%
RPM	A	0.04%
CMG	B	0.04%
HSY	F	0.04%
CNO	A	0.04%
ON	D	0.04%
HST	C	0.04%
CLX	B	0.04%
CRBG	B	0.04%
SLM	A	0.04%
TMHC	B	0.04%
CCK	C	0.04%
WAT	B	0.04%
ZBRA	B	0.04%
DKS	C	0.04%
GT	C	0.04%
RGA	A	0.04%
HOLX	D	0.04%
HSIC	B	0.04%
AWK	D	0.04%
EW	C	0.04%
GEN	B	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%
PNW	B	0.04%
BEN	C	0.04%
AYI	B	0.04%
WCC	B	0.04%
THO	B	0.04%
KNX	B	0.04%
WSM	B	0.04%
VRSK	A	0.04%
EVR	B	0.04%
OGN	D	0.04%
JXN	C	0.04%
EQT	B	0.04%
MLM	B	0.04%
GEV	B	0.04%
MRVL	B	0.04%
UGI	A	0.04%
CDW	F	0.04%
DELL	C	0.03%
EXP	A	0.03%
SEE	C	0.03%
THG	A	0.03%
LSTR	D	0.03%
PRI	A	0.03%
INVH	D	0.03%
AR	B	0.03%
SCI	B	0.03%
IEX	B	0.03%
ACI	C	0.03%
MRNA	F	0.03%
ACGL	D	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%
ITT	A	0.03%
RVTY	F	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%
STE	F	0.03%
APO	B	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%
KIM	A	0.03%
VOYA	B	0.03%
TTWO	A	0.03%
QRVO	F	0.03%
MTD	D	0.03%
ARMK	B	0.03%
CPB	D	0.03%
AIZ	A	0.03%
EFX	F	0.03%
DAL	C	0.03%
CAR	C	0.03%
GPK	C	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%
CACI	D	0.03%
APA	D	0.03%
ESS	B	0.03%
MTH	D	0.03%
CLF	F	0.03%
XYL	D	0.03%
SNPS	B	0.03%
EWBC	A	0.03%
NDAQ	A	0.03%
TRMB	B	0.03%
CIEN	B	0.03%
ULTA	F	0.03%
GNW	A	0.03%
NXST	C	0.03%
MAA	B	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%
OLN	D	0.03%
IT	C	0.03%
DECK	A	0.03%
PANW	C	0.03%
DPZ	C	0.03%
BAH	F	0.03%
FTV	C	0.03%
CE	F	0.03%
RMD	C	0.03%
IR	B	0.03%
CDNS	B	0.03%
PBF	D	0.03%
MTZ	B	0.03%
WRB	A	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%
HUBB	B	0.03%
BR	A	0.03%
WLK	D	0.02%
MDU	D	0.02%
ODP	F	0.02%
EG	C	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%
LEG	F	0.02%
BPOP	B	0.02%
CHKP	D	0.02%
TFX	F	0.02%
ARCH	B	0.02%
TKR	D	0.02%
MIDD	C	0.02%
AER	B	0.02%
NSIT	F	0.02%
KBR	F	0.02%
MKSI	C	0.02%
VAC	B	0.02%
TTC	D	0.02%
UHAL	D	0.02%
XRX	F	0.02%
WPC	D	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%
ANSS	B	0.02%
ASGN	F	0.02%
SBAC	D	0.02%
NAVI	C	0.02%
SM	B	0.02%
NDSN	B	0.02%
WST	C	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%
STWD	C	0.02%
EPAM	C	0.02%
HUBG	A	0.02%
SLG	B	0.02%
GXO	B	0.02%
CTLT	B	0.02%
PENN	C	0.02%
IDXX	F	0.02%
CPT	B	0.02%
HOG	D	0.02%
APTV	D	0.02%
POOL	C	0.02%
ALGN	D	0.02%
NOV	C	0.02%
FCNCA	A	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%
LAMR	D	0.02%
REG	B	0.02%
PK	B	0.02%
BRX	A	0.02%
UDR	B	0.02%
VICI	C	0.02%
ABM	B	0.02%
DAR	C	0.02%
BJ	A	0.02%
EHC	B	0.02%
RUSHA	C	0.02%
SAIC	F	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%
CBOE	B	0.01%
FSLR	F	0.01%
NOW	A	0.01%
TNL	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%
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%
CNX	A	0.01%
CPRI	F	0.01%

FNDX Underweight 29 Positions Relative to PAPI

Symbol	Grade	Weight
DTM	B	-0.62%
IDCC	A	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
PB	A	-0.59%
IDA	A	-0.59%
TXRH	C	-0.57%
OGS	A	-0.54%
AM	A	-0.53%
COLM	B	-0.53%
HP	B	-0.52%
BMI	B	-0.52%
CHRD	D	-0.52%
CALM	A	-0.51%
DLB	B	-0.51%
OXM	D	-0.51%
POWI	D	-0.5%
NYT	C	-0.5%
CCOI	B	-0.5%
RGLD	C	-0.5%
WEN	D	-0.48%
RPRX	D	-0.48%
SHOO	D	-0.47%
ASH	D	-0.46%
ESNT	D	-0.45%
INSW	F	-0.44%
CVI	F	-0.42%
SCCO	F	-0.0%