FNDX vs. PWS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Pacer WealthShield ETF (PWS)

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

$24.79

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

PWS

Pacer WealthShield ETF

PWS Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer WealthShield Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in (i) the component securities of the index or (ii) ETFs that seek to track the performance of some or all of the component securities of the index in the same approximate weight as such component securities. The index utilizes a systematic risk management strategy that directs the index's exposure to U.S. equity securities, U.S. Treasury securities, or a mix of each. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.09

Average Daily Volume

1,883

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	PWS
30 Days	2.37%	4.04%
60 Days	4.07%	-2.25%
90 Days	5.72%	0.77%
12 Months	28.68%	20.57%

203 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in PWS	Overlap
	AAPL	C	4.35%	4.19%	4.19%
	ACN	B	0.36%	0.28%	0.28%
	ADBE	C	0.2%	0.29%	0.2%
	ADI	D	0.13%	0.13%	0.13%
	ADM	D	0.21%	0.17%	0.17%
	ADSK	A	0.03%	0.08%	0.03%
	AEE	A	0.07%	0.4%	0.07%
	AEP	C	0.16%	0.81%	0.16%
	AES	F	0.05%	0.16%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	AMAT	F	0.24%	0.18%	0.18%
	AMD	F	0.09%	0.28%	0.09%
	AMT	C	0.11%	1.61%	0.11%
	AMZN	C	1.56%	7.98%	1.56%
	ANET	C	0.04%	0.12%	0.04%
	ANSS	B	0.02%	0.04%	0.02%
	APH	A	0.09%	0.11%	0.09%
	APTV	F	0.02%	0.06%	0.02%
	ARE	F	0.03%	0.3%	0.03%
	ATO	A	0.04%	0.37%	0.04%
	AVB	B	0.05%	0.59%	0.05%
	AVGO	D	0.61%	0.99%	0.61%
	AWK	C	0.04%	0.42%	0.04%
	AZO	C	0.06%	0.22%	0.06%
	BBY	D	0.16%	0.07%	0.07%
	BG	D	0.1%	0.09%	0.09%
	BKNG	A	0.24%	0.67%	0.24%
	BWA	D	0.05%	0.03%	0.03%
	BXP	C	0.05%	0.2%	0.05%
	CAG	F	0.06%	0.09%	0.06%
	CBRE	B	0.13%	0.72%	0.13%
	CCI	C	0.09%	0.79%	0.09%
	CCL	A	0.06%	0.1%	0.06%
	CDNS	B	0.03%	0.1%	0.03%
	CDW	F	0.04%	0.03%	0.03%
	CEG	C	0.1%	1.15%	0.1%
	CHD	A	0.04%	0.18%	0.04%
	CL	D	0.13%	0.52%	0.13%
	CLX	A	0.04%	0.14%	0.04%
	CMG	B	0.04%	0.32%	0.04%
	CMS	C	0.06%	0.33%	0.06%
	CNP	A	0.06%	0.32%	0.06%
	COST	A	0.66%	2.91%	0.66%
	CPB	D	0.03%	0.06%	0.03%
	CPT	B	0.02%	0.23%	0.02%
	CRM	B	0.15%	0.4%	0.15%
	CSCO	B	0.82%	0.29%	0.29%
	CTSH	B	0.19%	0.05%	0.05%
	CZR	F	0.02%	0.03%	0.02%
	D	C	0.17%	0.77%	0.17%
	DECK	A	0.03%	0.11%	0.03%
	DELL	B	0.03%	0.05%	0.03%
	DG	F	0.08%	0.12%	0.08%
	DHI	F	0.16%	0.19%	0.16%
	DLR	B	0.08%	0.97%	0.08%
	DLTR	F	0.05%	0.09%	0.05%
	DOC	C	0.03%	0.27%	0.03%
	DPZ	C	0.03%	0.06%	0.03%
	DRI	B	0.05%	0.08%	0.05%
	DTE	C	0.07%	0.4%	0.07%
	DUK	C	0.3%	1.4%	0.3%
	EBAY	D	0.17%	0.12%	0.12%
	ED	C	0.12%	0.54%	0.12%
	EIX	B	0.1%	0.52%	0.1%
	EL	F	0.03%	0.1%	0.03%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	A	0.08%	1.51%	0.08%
	EQR	C	0.05%	0.45%	0.05%
	ES	C	0.08%	0.35%	0.08%
	ESS	B	0.03%	0.35%	0.03%
	ETR	B	0.12%	0.51%	0.12%
	EVRG	A	0.07%	0.24%	0.07%
	EXC	C	0.17%	0.62%	0.17%
	EXPE	B	0.04%	0.09%	0.04%
	EXR	C	0.03%	0.61%	0.03%
	F	C	0.33%	0.17%	0.17%
	FE	C	0.09%	0.34%	0.09%
	FFIV	B	0.03%	0.02%	0.02%
	FSLR	F	0.01%	0.02%	0.01%
	FTNT	C	0.03%	0.08%	0.03%
	GDDY	A	0.03%	0.03%	0.03%
	GEN	B	0.04%	0.02%	0.02%
	GIS	D	0.11%	0.25%	0.11%
	GLW	B	0.14%	0.04%	0.04%
	GM	C	0.79%	0.26%	0.26%
	GPC	D	0.05%	0.07%	0.05%
	GRMN	B	0.03%	0.13%	0.03%
	HAS	D	0.03%	0.03%	0.03%
	HD	B	0.8%	1.63%	0.8%
	HLT	A	0.06%	0.25%	0.06%
	HPE	B	0.21%	0.03%	0.03%
	HPQ	B	0.21%	0.04%	0.04%
	HRL	D	0.03%	0.06%	0.03%
	HST	C	0.04%	0.22%	0.04%
	HSY	F	0.04%	0.19%	0.04%
	IBM	C	0.54%	0.24%	0.24%
	INTC	C	0.89%	0.13%	0.13%
	INTU	B	0.11%	0.24%	0.11%
	INVH	D	0.03%	0.34%	0.03%
	IRM	C	0.06%	0.6%	0.06%
	IT	C	0.03%	0.05%	0.03%
	JBL	C	0.06%	0.02%	0.02%
	JNPR	D	0.05%	0.02%	0.02%
	K	A	0.07%	0.15%	0.07%
	KDP	F	0.07%	0.27%	0.07%
	KEYS	A	0.04%	0.03%	0.03%
	KHC	F	0.09%	0.2%	0.09%
	KIM	A	0.03%	0.29%	0.03%
	KLAC	F	0.08%	0.11%	0.08%
	KMB	C	0.1%	0.31%	0.1%
	KMX	B	0.06%	0.05%	0.05%
	KO	D	0.35%	1.72%	0.35%
	KR	B	0.3%	0.28%	0.28%
	KVUE	A	0.05%	0.31%	0.05%
	LEN	D	0.16%	0.16%	0.16%
	LKQ	F	0.05%	0.04%	0.04%
	LNT	A	0.04%	0.25%	0.04%
	LOW	C	0.43%	0.62%	0.43%
	LRCX	F	0.15%	0.12%	0.12%
	LULU	C	0.01%	0.15%	0.01%
	LVS	B	0.04%	0.07%	0.04%
	LW	C	0.02%	0.08%	0.02%
	MAA	B	0.03%	0.33%	0.03%
	MAR	A	0.09%	0.27%	0.09%
	MCD	D	0.34%	0.85%	0.34%
	MCHP	F	0.05%	0.04%	0.04%
	MDLZ	F	0.2%	0.62%	0.2%
	MGM	D	0.06%	0.03%	0.03%
	MHK	D	0.06%	0.03%	0.03%
	MKC	C	0.03%	0.13%	0.03%
	MNST	C	0.05%	0.28%	0.05%
	MO	A	0.37%	0.67%	0.37%
	MSFT	D	2.43%	3.87%	2.43%
	MSI	B	0.07%	0.1%	0.07%
	MU	D	0.38%	0.13%	0.13%
	NEE	C	0.24%	2.48%	0.24%
	NI	A	0.05%	0.26%	0.05%
	NKE	F	0.19%	0.37%	0.19%
	NOW	A	0.01%	0.27%	0.01%
	NRG	B	0.1%	0.31%	0.1%
	NTAP	C	0.07%	0.03%	0.03%
	NVDA	B	0.4%	4.41%	0.4%
	NVR	D	0.08%	0.09%	0.08%
	NXPI	D	0.05%	0.07%	0.05%
	O	C	0.04%	0.88%	0.04%
	ON	D	0.04%	0.04%	0.04%
	ORCL	A	0.5%	0.37%	0.37%
	ORLY	B	0.11%	0.29%	0.11%
	PANW	B	0.03%	0.16%	0.03%
	PCG	A	0.03%	0.74%	0.03%
	PEG	A	0.11%	0.71%	0.11%
	PEP	F	0.41%	1.59%	0.41%
	PG	C	0.77%	2.76%	0.77%
	PHM	D	0.11%	0.1%	0.1%
	PLD	F	0.07%	1.91%	0.07%
	PM	B	0.48%	1.37%	0.48%
	PNW	A	0.04%	0.17%	0.04%
	POOL	C	0.02%	0.05%	0.02%
	PPL	A	0.11%	0.4%	0.11%
	PSA	C	0.05%	0.93%	0.05%
	QCOM	F	0.43%	0.22%	0.22%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.21%	0.02%
	RL	C	0.03%	0.03%	0.03%
	ROP	B	0.05%	0.07%	0.05%
	ROST	D	0.07%	0.19%	0.07%
	SBAC	D	0.02%	0.41%	0.02%
	SBUX	A	0.28%	0.45%	0.28%
	SJM	D	0.05%	0.08%	0.05%
	SNPS	B	0.03%	0.1%	0.03%
	SO	C	0.26%	1.56%	0.26%
	SPG	A	0.1%	0.97%	0.1%
	SRE	A	0.13%	0.95%	0.13%
	STX	C	0.09%	0.02%	0.02%
	STZ	D	0.07%	0.26%	0.07%
	SWKS	F	0.04%	0.02%	0.02%
	SYY	D	0.1%	0.26%	0.1%
	TAP	C	0.05%	0.08%	0.05%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.02%	0.02%
	TGT	F	0.38%	0.5%	0.38%
	TJX	A	0.22%	0.55%	0.22%
	TPR	B	0.05%	0.05%	0.05%
	TRMB	B	0.03%	0.02%	0.02%
	TSCO	D	0.06%	0.12%	0.06%
	TSLA	B	0.28%	3.66%	0.28%
	TSN	B	0.2%	0.13%	0.13%
	TXN	C	0.34%	0.23%	0.23%
	UDR	B	0.02%	0.24%	0.02%
	ULTA	F	0.03%	0.07%	0.03%
	VICI	C	0.02%	0.58%	0.02%
	VRSN	C	0.01%	0.02%	0.01%
	VST	A	0.16%	0.8%	0.16%
	VTR	B	0.08%	0.47%	0.08%
	WBA	F	0.17%	0.05%	0.05%
	WDC	D	0.12%	0.02%	0.02%
	WEC	A	0.08%	0.5%	0.08%
	WELL	A	0.1%	1.38%	0.1%
	WMT	A	1.47%	2.61%	1.47%
	WY	F	0.09%	0.4%	0.09%
	XEL	A	0.12%	0.63%	0.12%
	YUM	D	0.08%	0.15%	0.08%
	ZBRA	B	0.04%	0.03%	0.03%

FNDX Overweight 518 Positions Relative to PWS

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	META	D	1.79%
	WFC	A	1.35%
	GOOGL	C	1.33%
	BAC	A	1.3%
	T	A	1.27%
	CVX	A	1.25%
	UNH	B	1.22%
	GOOG	C	1.14%
	VZ	C	1.13%
	C	A	1.1%
	JNJ	C	0.89%
	CMCSA	B	0.83%
	CVS	D	0.68%
	PFE	F	0.68%
	LUMN	C	0.65%
	GS	A	0.62%
	ABBV	F	0.49%
	COF	C	0.48%
	CI	D	0.48%
	COP	C	0.48%
	MS	A	0.46%
	BMY	B	0.45%
	DIS	B	0.45%
	MRK	D	0.42%
	CAT	B	0.41%
	MPC	D	0.4%
	VLO	C	0.39%
	AMGN	F	0.39%
	LMT	D	0.37%
	HON	C	0.37%
	GILD	C	0.37%
	PSX	C	0.36%
	AXP	A	0.36%
	ELV	F	0.36%
	V	A	0.36%
	CHTR	C	0.35%
	MMM	D	0.35%
	UNP	C	0.35%
	RTX	D	0.34%
	SYF	B	0.34%
	ABT	B	0.34%
	LIN	C	0.33%
	FDX	B	0.32%
	USB	A	0.32%
	TRV	B	0.31%
	PNC	B	0.3%
	MA	B	0.29%
	BLK	B	0.28%
	AIG	B	0.28%
	UPS	C	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%
	KMI	A	0.23%
	TFC	A	0.23%
	ETN	A	0.23%
	DE	B	0.23%
	PGR	A	0.23%
	EOG	A	0.23%
	CSX	C	0.22%
	PYPL	B	0.22%
	PRU	A	0.22%
	AFL	B	0.21%
	NSC	B	0.21%
	GD	D	0.21%
	NOC	D	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	HUM	C	0.19%
	CMI	A	0.19%
	CNC	D	0.19%
	NUE	C	0.19%
	DOW	F	0.18%
	WMB	A	0.17%
	IP	A	0.17%
	NFLX	A	0.17%
	EMR	B	0.17%
	DD	C	0.17%
	BKR	A	0.16%
	LHX	C	0.16%
	JCI	B	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	ADP	A	0.15%
	ITW	B	0.15%
	PCAR	B	0.15%
	WM	B	0.15%
	GE	D	0.15%
	LYB	F	0.14%
	FCX	F	0.14%
	MMC	B	0.14%
	OKE	A	0.14%
	HIG	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	FITB	B	0.13%
	SYK	B	0.13%
	TROW	B	0.13%
	BX	A	0.13%
	AON	A	0.13%
	NEM	D	0.13%
	FI	A	0.13%
	URI	C	0.13%
	FIS	C	0.12%
	SLB	C	0.12%
	CARR	C	0.12%
	KKR	A	0.12%
	MTB	A	0.11%
	PARA	C	0.11%
	MCK	A	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	STLD	B	0.11%
	ALLY	C	0.1%
	FOXA	A	0.1%
	VTRS	A	0.1%
	REGN	F	0.1%
	STT	B	0.1%
	KEY	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	BIIB	F	0.09%
	EA	A	0.09%
	CTVA	C	0.09%
	PFG	D	0.09%
	BSX	A	0.09%
	LH	B	0.09%
	GEHC	D	0.09%
	ARW	D	0.08%
	EMN	C	0.08%
	HBAN	A	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	CHRW	B	0.08%
	WHR	B	0.08%
	OMC	C	0.08%
	CME	B	0.08%
	UHS	D	0.08%
	GWW	B	0.08%
	PPG	F	0.08%
	WKC	C	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	JLL	D	0.08%
	WBD	B	0.08%
	SHW	B	0.08%
	BAX	F	0.07%
	IQV	F	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	B	0.07%
	CF	A	0.07%
	WTW	B	0.07%
	DGX	A	0.07%
	TRGP	A	0.07%
	THC	D	0.07%
	MCO	B	0.07%
	CAH	B	0.07%
	PWR	A	0.07%
	R	B	0.07%
	CINF	A	0.07%
	X	B	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	LDOS	C	0.07%
	VRTX	D	0.07%
	FAST	B	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	ODFL	C	0.06%
	DVA	C	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	BLDR	D	0.06%
	ROK	C	0.06%
	BALL	F	0.06%
	UNM	A	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	LNG	A	0.06%
	FLEX	B	0.06%
	PFGC	B	0.06%
	EME	A	0.06%
	TT	A	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	PAYX	B	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	MOH	F	0.05%
	ACM	B	0.05%
	VNO	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ZBH	C	0.05%
	ORI	A	0.05%
	JBHT	C	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	L	A	0.05%
	AJG	A	0.05%
	AN	C	0.05%
	OTIS	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%
	FANG	C	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	MAS	D	0.05%
	J	D	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	BFH	C	0.05%
	LNC	C	0.05%
	A	D	0.05%
	FBIN	D	0.04%
	UBER	F	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	SSNC	B	0.04%
	OSK	C	0.04%
	AVY	F	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%
	RPM	A	0.04%
	CNO	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	EXPD	C	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	CCK	D	0.04%
	WAT	C	0.04%
	DKS	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	HOLX	D	0.04%
	RHI	C	0.04%
	HSIC	C	0.04%
	EW	C	0.04%
	FAF	A	0.04%
	MUSA	B	0.04%
	BERY	C	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	NWSA	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%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	EQT	B	0.04%
	MLM	C	0.04%
	GEV	B	0.04%
	MRVL	B	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%
	IEX	C	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	ACGL	C	0.03%
	CPRT	B	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	A	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	BURL	B	0.03%
	ILMN	C	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%
	STE	D	0.03%
	APO	B	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	ALB	B	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	MTD	F	0.03%
	AMCR	C	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	DAL	B	0.03%
	CAR	C	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	FL	F	0.03%
	RRX	B	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%
	XYL	D	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	WU	F	0.03%
	CIEN	C	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	BAH	F	0.03%
	FTV	C	0.03%
	CE	F	0.03%
	WSO	A	0.03%
	RMD	C	0.03%
	IR	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	GL	C	0.03%
	MLI	B	0.03%
	HUBB	B	0.03%
	BR	A	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%
	WPC	C	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	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%
	WST	C	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%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	C	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	JKHY	D	0.02%
	HOG	D	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	AOS	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	LAMR	C	0.02%
	PK	C	0.02%
	BRX	A	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%
	BRO	B	0.02%
	GNRC	C	0.02%
	COR	B	0.02%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	LUV	C	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%
	CBOE	C	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%
	UNFI	A	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 14 Positions Relative to PWS

	Symbol	Grade	Weight
	CSGP	D	-0.55%
	ABNB	C	-0.23%
	RCL	A	-0.22%
	PLTR	B	-0.15%
	FRT	B	-0.15%
	CRWD	B	-0.1%
	FICO	B	-0.07%
	NCLH	B	-0.05%
	MPWR	F	-0.04%
	PTC	B	-0.03%
	TYL	B	-0.03%
	WYNN	C	-0.03%
	ENPH	F	-0.01%
	SMCI	F	-0.01%

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

PWS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Software - Application Semiconductors Packaged Foods Specialty Retail Household & Personal Products REIT - Residential Utilities - Diversified Information Technology Services Leisure Restaurants Software - Infrastructure Discount Stores REIT - Retail Semiconductor Equipment & Materials Beverages - Soft Drinks Communication Equipment Residential Construction Resorts & Casinos Scientific & Technical Instruments

Keywords: S&P 500 Nasdaq 100 Computing Electricity Real Estate Investment Trust Natural Gas Electronics Semiconductor Dow Jones Component Integrated Circuits Department Store Work From Home Cloud Computing Drink Food Products Mobile Devices Real Estate Market Telecommunications Grocery Store Operating System