FNDX vs. QWLD ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	QWLD
30 Days	3.67%	0.82%
60 Days	4.58%	0.23%
90 Days	6.53%	0.87%
12 Months	29.67%	22.65%

508 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in QWLD	Overlap
A	D	0.05%	0.06%	0.05%
AAPL	C	4.35%	2.57%	2.57%
ABBV	D	0.49%	0.16%	0.16%
ABBV	D	0.49%	0.34%	0.34%
ABT	B	0.34%	0.09%	0.09%
ACGL	D	0.03%	0.26%	0.03%
ACI	C	0.03%	0.02%	0.02%
ACM	A	0.05%	0.01%	0.01%
ACN	C	0.36%	0.65%	0.36%
ADBE	C	0.2%	0.42%	0.2%
ADI	D	0.13%	0.04%	0.04%
ADM	D	0.21%	0.05%	0.05%
ADP	B	0.15%	0.26%	0.15%
ADSK	A	0.03%	0.1%	0.03%
AEE	A	0.07%	0.09%	0.07%
AEP	D	0.16%	0.07%	0.07%
AER	B	0.02%	0.02%	0.02%
AES	F	0.05%	0.01%	0.01%
AFG	A	0.05%	0.02%	0.02%
AFL	B	0.21%	0.12%	0.12%
AGCO	D	0.03%	0.01%	0.01%
AIG	B	0.28%	0.07%	0.07%
AIZ	A	0.03%	0.08%	0.03%
AJG	B	0.05%	0.19%	0.05%
AKAM	D	0.03%	0.11%	0.03%
ALB	C	0.03%	0.01%	0.01%
ALGN	D	0.02%	0.0%	0.0%
ALL	A	0.27%	0.08%	0.08%
ALLE	D	0.01%	0.02%	0.01%
ALLY	C	0.1%	0.02%	0.02%
AMAT	F	0.24%	0.29%	0.24%
AMCR	D	0.03%	0.08%	0.03%
AMD	F	0.09%	0.03%	0.03%
AME	A	0.05%	0.01%	0.01%
AMGN	D	0.39%	0.16%	0.16%
AMP	A	0.15%	0.09%	0.09%
AMT	D	0.11%	0.02%	0.02%
AMZN	C	1.56%	0.37%	0.37%
ANET	C	0.04%	0.19%	0.04%
ANSS	B	0.02%	0.0%	0.0%
AON	A	0.13%	0.17%	0.13%
AOS	F	0.02%	0.02%	0.02%
APA	D	0.03%	0.02%	0.02%
APD	A	0.13%	0.03%	0.03%
APH	A	0.09%	0.43%	0.09%
APO	B	0.03%	0.02%	0.02%
APTV	D	0.02%	0.01%	0.01%
ARE	D	0.03%	0.01%	0.01%
ATO	A	0.04%	0.01%	0.01%
AVB	B	0.05%	0.01%	0.01%
AVGO	D	0.61%	0.11%	0.11%
AVTR	F	0.02%	0.01%	0.01%
AVY	D	0.04%	0.03%	0.03%
AWK	D	0.04%	0.01%	0.01%
AXP	A	0.36%	0.06%	0.06%
AZO	C	0.06%	0.28%	0.06%
BA	F	0.11%	0.01%	0.01%
BAC	A	1.3%	0.39%	0.39%
BAH	F	0.03%	0.15%	0.03%
BALL	D	0.06%	0.01%	0.01%
BAX	D	0.07%	0.01%	0.01%
BBWI	D	0.03%	0.0%	0.0%
BBY	D	0.16%	0.06%	0.06%
BDX	F	0.11%	0.07%	0.07%
BEN	C	0.04%	0.01%	0.01%
BG	F	0.1%	0.03%	0.03%
BIIB	F	0.09%	0.01%	0.01%
BK	A	0.26%	0.05%	0.05%
BKNG	A	0.24%	0.03%	0.03%
BKR	B	0.16%	0.02%	0.02%
BLDR	D	0.06%	0.05%	0.05%
BLK	C	0.28%	0.25%	0.25%
BMY	B	0.45%	0.21%	0.21%
BR	A	0.03%	0.04%	0.03%
BRK.A	B	2.17%	0.73%	0.73%
BRO	B	0.02%	0.14%	0.02%
BSX	B	0.09%	0.02%	0.02%
BURL	A	0.03%	0.01%	0.01%
BX	A	0.13%	0.03%	0.03%
BXP	D	0.05%	0.01%	0.01%
C	A	1.1%	0.25%	0.25%
CAG	D	0.06%	0.04%	0.04%
CAH	B	0.07%	0.13%	0.07%
CARR	D	0.12%	0.02%	0.02%
CAT	B	0.41%	0.36%	0.36%
CB	C	0.26%	0.4%	0.26%
CBOE	B	0.01%	0.24%	0.01%
CBRE	B	0.13%	0.03%	0.03%
CCEP	C	0.02%	0.01%	0.01%
CCI	D	0.09%	0.01%	0.01%
CCK	C	0.04%	0.01%	0.01%
CCL	B	0.06%	0.01%	0.01%
CDNS	B	0.03%	0.13%	0.03%
CDW	F	0.04%	0.07%	0.04%
CE	F	0.03%	0.01%	0.01%
CEG	D	0.1%	0.02%	0.02%
CF	B	0.07%	0.13%	0.07%
CFG	B	0.1%	0.04%	0.04%
CG	A	0.03%	0.01%	0.01%
CHD	B	0.04%	0.19%	0.04%
CHKP	D	0.02%	0.17%	0.02%
CHRW	C	0.08%	0.01%	0.01%
CHTR	C	0.35%	0.05%	0.05%
CI	F	0.48%	0.18%	0.18%
CINF	A	0.07%	0.02%	0.02%
CL	D	0.13%	0.2%	0.13%
CLX	B	0.04%	0.01%	0.01%
CMCSA	B	0.83%	0.17%	0.17%
CME	A	0.08%	0.16%	0.08%
CMG	B	0.04%	0.14%	0.04%
CMI	A	0.19%	0.1%	0.1%
CMS	C	0.06%	0.05%	0.05%
CNC	D	0.19%	0.05%	0.05%
CNH	C	0.02%	0.01%	0.01%
CNP	B	0.06%	0.01%	0.01%
COF	B	0.48%	0.1%	0.1%
COP	C	0.48%	0.1%	0.1%
COR	B	0.02%	0.41%	0.02%
COST	B	0.66%	0.76%	0.66%
CPAY	A	0.06%	0.01%	0.01%
CPB	D	0.03%	0.09%	0.03%
CPRT	A	0.03%	0.08%	0.03%
CPT	B	0.02%	0.01%	0.01%
CRBG	B	0.04%	0.01%	0.01%
CRL	C	0.01%	0.0%	0.0%
CRM	B	0.15%	0.06%	0.06%
CSCO	B	0.82%	1.03%	0.82%
CSL	C	0.05%	0.03%	0.03%
CSX	B	0.22%	0.11%	0.11%
CTAS	B	0.08%	0.14%	0.08%
CTLT	B	0.02%	0.01%	0.01%
CTRA	B	0.03%	0.02%	0.02%
CTSH	B	0.19%	0.2%	0.19%
CTVA	C	0.09%	0.04%	0.04%
CVS	D	0.68%	0.16%	0.16%
CVX	A	1.25%	0.33%	0.33%
D	C	0.17%	0.06%	0.06%
DAL	C	0.03%	0.01%	0.01%
DD	D	0.17%	0.02%	0.02%
DE	A	0.23%	0.06%	0.06%
DECK	A	0.03%	0.05%	0.03%
DELL	C	0.03%	0.01%	0.01%
DFS	B	0.26%	0.04%	0.04%
DG	F	0.08%	0.01%	0.01%
DGX	A	0.07%	0.11%	0.07%
DHI	D	0.16%	0.1%	0.1%
DHR	F	0.15%	0.05%	0.05%
DINO	D	0.05%	0.05%	0.05%
DIS	B	0.45%	0.1%	0.1%
DKS	C	0.04%	0.02%	0.02%
DLR	B	0.08%	0.02%	0.02%
DLTR	F	0.05%	0.01%	0.01%
DOC	D	0.03%	0.01%	0.01%
DOV	A	0.06%	0.05%	0.05%
DOW	F	0.18%	0.03%	0.03%
DPZ	C	0.03%	0.06%	0.03%
DRI	B	0.05%	0.03%	0.03%
DTE	C	0.07%	0.02%	0.02%
DUK	C	0.3%	0.36%	0.3%
DVA	B	0.06%	0.01%	0.01%
DVN	F	0.09%	0.03%	0.03%
EA	A	0.09%	0.2%	0.09%
EBAY	D	0.17%	0.01%	0.01%
ECL	D	0.08%	0.01%	0.01%
ED	D	0.12%	0.35%	0.12%
EFX	F	0.03%	0.01%	0.01%
EG	C	0.02%	0.06%	0.02%
EIX	B	0.1%	0.03%	0.03%
EL	F	0.03%	0.01%	0.01%
ELV	F	0.36%	0.21%	0.21%
EME	C	0.06%	0.04%	0.04%
EMN	D	0.08%	0.01%	0.01%
EMR	A	0.17%	0.03%	0.03%
EOG	A	0.23%	0.06%	0.06%
EPAM	C	0.02%	0.02%	0.02%
EQH	B	0.05%	0.01%	0.01%
EQIX	A	0.08%	0.02%	0.02%
EQR	B	0.05%	0.01%	0.01%
EQT	B	0.04%	0.02%	0.02%
ES	D	0.08%	0.01%	0.01%
ESS	B	0.03%	0.01%	0.01%
ETN	A	0.23%	0.03%	0.03%
ETR	B	0.12%	0.03%	0.03%
EVRG	A	0.07%	0.01%	0.01%
EW	C	0.04%	0.07%	0.04%
EXC	C	0.17%	0.03%	0.03%
EXPD	D	0.04%	0.04%	0.04%
EXPE	B	0.04%	0.01%	0.01%
EXR	D	0.03%	0.01%	0.01%
F	C	0.33%	0.09%	0.09%
FANG	D	0.05%	0.09%	0.05%
FAST	B	0.07%	0.09%	0.07%
FBIN	D	0.04%	0.0%	0.0%
FCNCA	A	0.02%	0.11%	0.02%
FCX	D	0.14%	0.02%	0.02%
FDX	B	0.32%	0.07%	0.07%
FE	C	0.09%	0.01%	0.01%
FFIV	B	0.03%	0.16%	0.03%
FI	A	0.13%	0.09%	0.09%
FIS	C	0.12%	0.02%	0.02%
FITB	A	0.13%	0.03%	0.03%
FNF	B	0.06%	0.01%	0.01%
FOXA	B	0.1%	0.01%	0.01%
FSLR	F	0.01%	0.01%	0.01%
FTNT	C	0.03%	0.01%	0.01%
FTV	C	0.03%	0.01%	0.01%
GD	F	0.21%	0.18%	0.18%
GDDY	A	0.03%	0.25%	0.03%
GE	D	0.15%	0.31%	0.15%
GEHC	F	0.09%	0.02%	0.02%
GEN	B	0.04%	0.12%	0.04%
GEV	B	0.04%	0.02%	0.02%
GGG	B	0.02%	0.03%	0.02%
GILD	C	0.37%	0.24%	0.24%
GIS	D	0.11%	0.33%	0.11%
GLPI	C	0.02%	0.01%	0.01%
GLW	B	0.14%	0.02%	0.02%
GM	B	0.79%	0.19%	0.19%
GOOG	C	1.14%	0.94%	0.94%
GOOGL	C	1.33%	1.07%	1.07%
GPC	D	0.05%	0.05%	0.05%
GPN	B	0.09%	0.02%	0.02%
GRMN	B	0.03%	0.05%	0.03%
GS	A	0.62%	0.17%	0.17%
GWW	B	0.08%	0.11%	0.08%
HAL	C	0.06%	0.02%	0.02%
HBAN	A	0.08%	0.03%	0.03%
HCA	F	0.2%	0.04%	0.04%
HD	A	0.8%	0.15%	0.15%
HES	B	0.06%	0.01%	0.01%
HIG	B	0.14%	0.03%	0.03%
HII	D	0.03%	0.01%	0.01%
HLT	A	0.06%	0.01%	0.01%
HOLX	D	0.04%	0.01%	0.01%
HON	B	0.37%	0.26%	0.26%
HPE	B	0.21%	0.04%	0.04%
HPQ	B	0.21%	0.04%	0.04%
HRL	D	0.03%	0.09%	0.03%
HSIC	B	0.04%	0.01%	0.01%
HST	C	0.04%	0.01%	0.01%
HSY	F	0.04%	0.16%	0.04%
HUBB	B	0.03%	0.04%	0.03%
HUM	C	0.19%	0.15%	0.15%
HWM	A	0.07%	0.01%	0.01%
IBM	C	0.54%	0.46%	0.46%
ICE	C	0.11%	0.03%	0.03%
IDXX	F	0.02%	0.07%	0.02%
IEX	B	0.03%	0.03%	0.03%
IFF	D	0.05%	0.01%	0.01%
ILMN	D	0.03%	0.0%	0.0%
INTC	D	0.89%	0.1%	0.1%
INTU	C	0.11%	0.27%	0.11%
INVH	D	0.03%	0.01%	0.01%
IP	B	0.17%	0.02%	0.02%
IPG	D	0.04%	0.02%	0.02%
IQV	D	0.07%	0.01%	0.01%
IR	B	0.03%	0.01%	0.01%
IRM	D	0.06%	0.01%	0.01%
ISRG	A	0.09%	0.25%	0.09%
IT	C	0.03%	0.03%	0.03%
ITW	B	0.15%	0.13%	0.13%
J	F	0.05%	0.01%	0.01%
JBHT	C	0.05%	0.03%	0.03%
JBL	B	0.06%	0.02%	0.02%
JCI	C	0.16%	0.03%	0.03%
JKHY	D	0.02%	0.07%	0.02%
JNJ	D	0.89%	1.1%	0.89%
JNPR	F	0.05%	0.12%	0.05%
JPM	A	2.03%	0.6%	0.6%
K	A	0.07%	0.23%	0.07%
KDP	D	0.07%	0.14%	0.07%
KEY	B	0.1%	0.02%	0.02%
KEYS	A	0.04%	0.17%	0.04%
KHC	F	0.09%	0.2%	0.09%
KIM	A	0.03%	0.01%	0.01%
KKR	A	0.12%	0.02%	0.02%
KLAC	D	0.08%	0.14%	0.08%
KMB	D	0.1%	0.11%	0.1%
KMI	A	0.23%	0.04%	0.04%
KMX	B	0.06%	0.02%	0.02%
KNX	B	0.04%	0.01%	0.01%
KO	D	0.35%	0.56%	0.35%
KR	B	0.3%	0.31%	0.3%
KVUE	A	0.05%	0.08%	0.05%
L	A	0.05%	0.17%	0.05%
LDOS	C	0.07%	0.01%	0.01%
LEN	D	0.16%	0.09%	0.09%
LH	C	0.09%	0.02%	0.02%
LHX	C	0.16%	0.02%	0.02%
LII	A	0.03%	0.0%	0.0%
LIN	D	0.33%	0.06%	0.06%
LKQ	D	0.05%	0.01%	0.01%
LLY	F	0.2%	1.14%	0.2%
LMT	D	0.37%	0.42%	0.37%
LNG	B	0.06%	0.06%	0.06%
LNT	A	0.04%	0.03%	0.03%
LOW	D	0.43%	0.07%	0.07%
LPLA	A	0.04%	0.05%	0.04%
LRCX	F	0.15%	0.18%	0.15%
LULU	C	0.01%	0.07%	0.01%
LUV	C	0.02%	0.0%	0.0%
LVS	C	0.04%	0.0%	0.0%
LW	C	0.02%	0.0%	0.0%
LYB	F	0.14%	0.03%	0.03%
MA	C	0.29%	0.71%	0.29%
MAA	B	0.03%	0.01%	0.01%
MAR	B	0.09%	0.01%	0.01%
MAS	D	0.05%	0.01%	0.01%
MCD	D	0.34%	0.42%	0.34%
MCHP	D	0.05%	0.06%	0.05%
MCK	B	0.11%	0.58%	0.11%
MCO	B	0.07%	0.13%	0.07%
MDLZ	F	0.2%	0.14%	0.14%
MDT	D	0.16%	0.06%	0.06%
MET	A	0.26%	0.05%	0.05%
META	D	1.79%	2.11%	1.79%
MGM	D	0.06%	0.01%	0.01%
MKC	D	0.03%	0.01%	0.01%
MKL	A	0.05%	0.13%	0.05%
MLM	B	0.04%	0.01%	0.01%
MMC	B	0.14%	0.51%	0.14%
MMM	D	0.35%	0.14%	0.14%
MNST	C	0.05%	0.07%	0.05%
MO	A	0.37%	0.04%	0.04%
MOH	F	0.05%	0.06%	0.05%
MOS	F	0.06%	0.02%	0.02%
MPC	D	0.4%	0.17%	0.17%
MRK	F	0.42%	0.42%	0.42%
MRNA	F	0.03%	0.01%	0.01%
MRO	B	0.09%	0.02%	0.02%
MRVL	B	0.04%	0.01%	0.01%
MS	A	0.46%	0.12%	0.12%
MSCI	C	0.03%	0.0%	0.0%
MSFT	F	2.43%	2.3%	2.3%
MSI	B	0.07%	0.65%	0.07%
MTB	A	0.11%	0.05%	0.05%
MU	D	0.38%	0.04%	0.04%
NDAQ	A	0.03%	0.01%	0.01%
NDSN	B	0.02%	0.02%	0.02%
NEE	D	0.24%	0.06%	0.06%
NEM	D	0.13%	0.04%	0.04%
NFLX	A	0.17%	0.54%	0.17%
NI	A	0.05%	0.01%	0.01%
NKE	D	0.19%	0.17%	0.17%
NOC	D	0.2%	0.32%	0.2%
NOW	A	0.01%	0.01%	0.01%
NRG	B	0.1%	0.02%	0.02%
NSC	B	0.21%	0.03%	0.03%
NTAP	C	0.07%	0.04%	0.04%
NTRS	A	0.08%	0.02%	0.02%
NUE	C	0.19%	0.04%	0.04%
NVDA	C	0.4%	2.53%	0.4%
NVR	D	0.08%	0.06%	0.06%
NWSA	B	0.04%	0.01%	0.01%
NXPI	D	0.05%	0.02%	0.02%
O	D	0.04%	0.02%	0.02%
OC	A	0.07%	0.03%	0.03%
ODFL	B	0.06%	0.08%	0.06%
OKE	A	0.14%	0.03%	0.03%
OMC	C	0.08%	0.04%	0.04%
ON	D	0.04%	0.01%	0.01%
ORCL	B	0.5%	0.25%	0.25%
ORLY	B	0.11%	0.24%	0.11%
OTIS	C	0.05%	0.01%	0.01%
OVV	B	0.06%	0.02%	0.02%
OXY	D	0.11%	0.03%	0.03%
PANW	C	0.03%	0.18%	0.03%
PARA	C	0.11%	0.01%	0.01%
PAYX	C	0.06%	0.1%	0.06%
PCAR	B	0.15%	0.11%	0.11%
PCG	A	0.03%	0.03%	0.03%
PEG	A	0.11%	0.02%	0.02%
PEP	F	0.41%	0.77%	0.41%
PFE	D	0.68%	0.18%	0.18%
PFG	D	0.09%	0.02%	0.02%
PG	A	0.77%	0.95%	0.77%
PGR	A	0.23%	0.35%	0.23%
PH	A	0.13%	0.02%	0.02%
PHM	D	0.11%	0.06%	0.06%
PKG	A	0.07%	0.04%	0.04%
PLD	D	0.07%	0.04%	0.04%
PM	B	0.48%	0.07%	0.07%
PNC	B	0.3%	0.1%	0.1%
PNR	A	0.04%	0.03%	0.03%
POOL	C	0.02%	0.03%	0.02%
PPG	F	0.08%	0.01%	0.01%
PPL	B	0.11%	0.01%	0.01%
PRU	A	0.22%	0.05%	0.05%
PSA	D	0.05%	0.09%	0.05%
PSX	C	0.36%	0.14%	0.14%
PWR	A	0.07%	0.01%	0.01%
PYPL	B	0.22%	0.04%	0.04%
QCOM	F	0.43%	0.32%	0.32%
QRVO	F	0.03%	0.0%	0.0%
REG	B	0.02%	0.01%	0.01%
REGN	F	0.1%	0.31%	0.1%
RF	A	0.09%	0.03%	0.03%
RJF	A	0.05%	0.02%	0.02%
RMD	C	0.03%	0.05%	0.03%
ROK	B	0.06%	0.06%	0.06%
ROP	B	0.05%	0.48%	0.05%
ROST	C	0.07%	0.02%	0.02%
RPM	A	0.04%	0.01%	0.01%
RS	B	0.09%	0.02%	0.02%
RSG	A	0.06%	0.46%	0.06%
RTX	C	0.34%	0.09%	0.09%
RVTY	F	0.03%	0.01%	0.01%
SBAC	D	0.02%	0.01%	0.01%
SBUX	A	0.28%	0.04%	0.04%
SCHW	B	0.13%	0.04%	0.04%
SEIC	B	0.03%	0.02%	0.02%
SHW	A	0.08%	0.14%	0.08%
SJM	D	0.05%	0.07%	0.05%
SLB	C	0.12%	0.03%	0.03%
SNA	A	0.06%	0.04%	0.04%
SNPS	B	0.03%	0.12%	0.03%
SO	D	0.26%	0.46%	0.26%
SOLV	C	0.02%	0.03%	0.02%
SPG	B	0.1%	0.02%	0.02%
SPGI	C	0.15%	0.04%	0.04%
SQ	B	0.03%	0.02%	0.02%
SRE	A	0.13%	0.04%	0.04%
SSNC	B	0.04%	0.01%	0.01%
STE	F	0.03%	0.01%	0.01%
STLD	B	0.11%	0.02%	0.02%
STT	A	0.1%	0.03%	0.03%
STX	D	0.09%	0.01%	0.01%
STZ	D	0.07%	0.01%	0.01%
SUI	D	0.02%	0.01%	0.01%
SW	A	0.09%	0.03%	0.03%
SWK	D	0.07%	0.01%	0.01%
SWKS	F	0.04%	0.03%	0.03%
SYF	B	0.34%	0.04%	0.04%
SYK	C	0.13%	0.03%	0.03%
SYY	B	0.1%	0.03%	0.03%
T	A	1.27%	0.39%	0.39%
TAP	C	0.05%	0.01%	0.01%
TDG	D	0.06%	0.01%	0.01%
TDY	B	0.03%	0.06%	0.03%
TER	D	0.04%	0.02%	0.02%
TFC	A	0.23%	0.09%	0.09%
TFX	F	0.02%	0.0%	0.0%
TGT	F	0.38%	0.15%	0.15%
TJX	A	0.22%	0.35%	0.22%
TMO	F	0.25%	0.06%	0.06%
TMUS	B	0.25%	0.76%	0.25%
TRGP	B	0.07%	0.04%	0.04%
TRMB	B	0.03%	0.01%	0.01%
TROW	B	0.13%	0.05%	0.05%
TRU	D	0.03%	0.01%	0.01%
TRV	B	0.31%	0.3%	0.3%
TSCO	D	0.06%	0.06%	0.06%
TSLA	B	0.28%	0.16%	0.16%
TSN	B	0.2%	0.15%	0.15%
TT	A	0.06%	0.15%	0.06%
TTC	D	0.02%	0.02%	0.02%
TTWO	A	0.03%	0.01%	0.01%
TXN	C	0.34%	0.48%	0.34%
TXT	D	0.06%	0.01%	0.01%
UBER	D	0.04%	0.01%	0.01%
UDR	B	0.02%	0.0%	0.0%
UHAL	D	0.02%	0.0%	0.0%
UHS	D	0.08%	0.01%	0.01%
ULTA	F	0.03%	0.06%	0.03%
UNH	C	1.22%	1.35%	1.22%
UNP	C	0.35%	0.26%	0.26%
UPS	C	0.28%	0.07%	0.07%
URI	B	0.13%	0.02%	0.02%
USB	A	0.32%	0.09%	0.09%
V	A	0.36%	1.21%	0.36%
VICI	C	0.02%	0.02%	0.02%
VLO	C	0.39%	0.08%	0.08%
VMC	B	0.05%	0.01%	0.01%
VRSK	A	0.04%	0.01%	0.01%
VRSN	F	0.01%	0.14%	0.01%
VRTX	F	0.07%	0.43%	0.07%
VST	B	0.16%	0.01%	0.01%
VTR	C	0.08%	0.01%	0.01%
VTRS	A	0.1%	0.03%	0.03%
VZ	C	1.13%	0.58%	0.58%
WAB	B	0.06%	0.01%	0.01%
WAT	B	0.04%	0.04%	0.04%
WBA	F	0.17%	0.04%	0.04%
WBD	C	0.08%	0.07%	0.07%
WDC	D	0.12%	0.01%	0.01%
WEC	A	0.08%	0.2%	0.08%
WELL	A	0.1%	0.02%	0.02%
WFC	A	1.35%	0.28%	0.28%
WLK	D	0.02%	0.0%	0.0%
WM	A	0.15%	0.52%	0.15%
WMB	A	0.17%	0.19%	0.17%
WMT	A	1.47%	0.76%	0.76%
WPC	D	0.02%	0.01%	0.01%
WRB	A	0.03%	0.14%	0.03%
WSM	B	0.04%	0.03%	0.03%
WSO	A	0.03%	0.03%	0.03%
WST	C	0.02%	0.04%	0.02%
WTRG	B	0.01%	0.01%	0.01%
WTW	B	0.07%	0.07%	0.07%
WY	D	0.09%	0.02%	0.02%
XEL	A	0.12%	0.09%	0.09%
XOM	B	1.99%	0.47%	0.47%
XRX	F	0.02%	0.0%	0.0%
XYL	D	0.03%	0.01%	0.01%
YUM	B	0.08%	0.15%	0.08%
ZBH	C	0.05%	0.01%	0.01%
ZBRA	B	0.04%	0.01%	0.01%
ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 214 Positions Relative to QWLD

Symbol	Grade	Weight
LUMN	C	0.65%
ARW	D	0.08%
USFD	A	0.08%
WHR	B	0.08%
WKC	D	0.08%
JLL	D	0.08%
VFC	C	0.07%
CMA	A	0.07%
THC	D	0.07%
R	B	0.07%
X	C	0.07%
LAD	A	0.07%
AVT	C	0.07%
TOL	B	0.06%
M	D	0.06%
JEF	A	0.06%
UNM	A	0.06%
AA	B	0.06%
ZION	B	0.06%
OMF	A	0.06%
MHK	D	0.06%
FLEX	A	0.06%
PFGC	B	0.06%
KSS	F	0.06%
VNO	B	0.05%
INGR	B	0.05%
ORI	A	0.05%
IVZ	B	0.05%
AN	C	0.05%
KD	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
LEA	D	0.05%
TDS	B	0.05%
GPI	A	0.05%
CASY	A	0.05%
BWA	D	0.05%
TPR	B	0.05%
SFM	A	0.05%
BFH	B	0.05%
LNC	B	0.05%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
OSK	B	0.04%
AMG	B	0.04%
ZIM	C	0.04%
UFPI	B	0.04%
FYBR	D	0.04%
CNO	A	0.04%
DOX	D	0.04%
SLM	A	0.04%
TMHC	B	0.04%
GT	C	0.04%
RGA	A	0.04%
RHI	B	0.04%
FAF	A	0.04%
MUSA	A	0.04%
BERY	B	0.04%
PVH	C	0.04%
PNW	B	0.04%
AYI	B	0.04%
WCC	B	0.04%
THO	B	0.04%
EVR	B	0.04%
OGN	D	0.04%
JXN	C	0.04%
MAN	D	0.04%
UGI	A	0.04%
EXP	A	0.03%
SEE	C	0.03%
THG	A	0.03%
LSTR	D	0.03%
PRI	A	0.03%
AR	B	0.03%
FMC	D	0.03%
SCI	B	0.03%
GNTX	C	0.03%
AAP	C	0.03%
BTU	B	0.03%
ITT	A	0.03%
KBH	D	0.03%
CW	B	0.03%
TPH	D	0.03%
G	B	0.03%
FLR	B	0.03%
SNX	C	0.03%
BC	C	0.03%
ABG	B	0.03%
SNV	B	0.03%
VOYA	B	0.03%
MTD	D	0.03%
ARMK	B	0.03%
CAR	C	0.03%
OGE	B	0.03%
GPK	C	0.03%
HAS	D	0.03%
FL	F	0.03%
RRX	B	0.03%
RL	B	0.03%
CACI	D	0.03%
MTH	D	0.03%
JHG	A	0.03%
CLF	F	0.03%
EWBC	A	0.03%
WU	D	0.03%
CIEN	B	0.03%
GNW	A	0.03%
NXST	C	0.03%
HUN	F	0.03%
FHN	A	0.03%
CMC	B	0.03%
OLN	D	0.03%
PBF	D	0.03%
MTZ	B	0.03%
SANM	B	0.03%
NWL	B	0.03%
HBI	B	0.03%
GL	B	0.03%
MLI	C	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%
FLO	D	0.02%
MPW	F	0.02%
MATX	C	0.02%
LEG	F	0.02%
BPOP	B	0.02%
ARCH	B	0.02%
TKR	D	0.02%
MIDD	C	0.02%
NSIT	F	0.02%
KBR	F	0.02%
POR	C	0.02%
MKSI	C	0.02%
VAC	B	0.02%
ASO	F	0.02%
WERN	C	0.02%
OI	C	0.02%
POST	C	0.02%
NFG	A	0.02%
ASGN	F	0.02%
NAVI	C	0.02%
SM	B	0.02%
CZR	F	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%
STWD	C	0.02%
PAG	B	0.02%
HUBG	A	0.02%
SLG	B	0.02%
GXO	B	0.02%
PENN	C	0.02%
HOG	D	0.02%
NOV	C	0.02%
DCI	B	0.02%
NVT	B	0.02%
BECN	B	0.02%
SKX	D	0.02%
CC	C	0.02%
LAMR	D	0.02%
PK	B	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%
GNRC	B	0.02%
TGNA	B	0.02%
BAP	B	0.02%
SON	D	0.02%
AXTA	A	0.02%
VSH	D	0.01%
ANDE	D	0.01%
LILAK	D	0.01%
CNXC	F	0.01%
DBX	B	0.01%
ICLR	D	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	B	0.01%
QRTEA	F	0.01%
AAL	B	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%
UNFI	A	0.01%
CRI	D	0.01%
CNX	A	0.01%
CPRI	F	0.01%

FNDX Underweight 102 Positions Relative to QWLD

Symbol	Grade	Weight
NVS	D	-0.79%
UL	D	-0.27%
WCN	A	-0.27%
HSBH	B	-0.25%
MFG	B	-0.24%
TM	D	-0.15%
UTHR	C	-0.15%
INCY	C	-0.15%
MUFG	B	-0.14%
ERIE	D	-0.12%
TD	F	-0.12%
E	F	-0.12%
NBIX	C	-0.11%
BCS	C	-0.11%
DEO	F	-0.11%
CNI	D	-0.1%
SMFG	B	-0.1%
LYG	F	-0.09%
PTC	A	-0.08%
ROL	B	-0.08%
SONY	B	-0.08%
STLA	F	-0.08%
HMC	F	-0.07%
BMRN	D	-0.07%
TPL	A	-0.06%
LOGI	D	-0.06%
VEEV	C	-0.05%
BTI	B	-0.05%
VLTO	D	-0.05%
FICO	B	-0.05%
MT	B	-0.05%
MANH	D	-0.04%
MPWR	F	-0.04%
WDAY	B	-0.04%
FDS	B	-0.03%
MKTX	D	-0.02%
NMR	B	-0.02%
PAYC	B	-0.02%
DASH	A	-0.01%
RPRX	D	-0.01%
MBAVU	D	-0.01%
RCL	A	-0.01%
FOX	A	-0.01%
TWLO	A	-0.01%
COIN	C	-0.01%
ZM	B	-0.01%
CHRD	D	-0.01%
WFG	D	-0.01%
ABNB	C	-0.01%
SE	B	-0.01%
BSY	D	-0.01%
MELI	D	-0.01%
SMCI	F	-0.01%
ENPH	F	-0.01%
GLBE	B	-0.0%
IOT	A	-0.0%
NET	B	-0.0%
RBLX	C	-0.0%
DDOG	A	-0.0%
DKNG	B	-0.0%
TOST	B	-0.0%
SNAP	C	-0.0%
H	B	-0.0%
PSTG	D	-0.0%
FUTU	D	-0.0%
HEI	B	-0.0%
PINS	D	-0.0%
DT	C	-0.0%
DAY	B	-0.0%
SNOW	C	-0.0%
DOCU	A	-0.0%
EXAS	D	-0.0%
PODD	C	-0.0%
GRAB	B	-0.0%
TECH	D	-0.0%
ROKU	D	-0.0%
WYNN	D	-0.0%
OKTA	C	-0.0%
DXCM	D	-0.0%
CRWD	B	-0.0%
MSTR	C	-0.0%
TYL	B	-0.0%
TTD	B	-0.0%
ELS	C	-0.0%
HOOD	B	-0.0%
ENTG	D	-0.0%
TW	A	-0.0%
HEI	B	-0.0%
RIVN	F	-0.0%
Z	A	-0.0%
MTCH	D	-0.0%
LYV	A	-0.0%
QGEN	D	-0.0%
VRT	B	-0.0%
APP	B	-0.0%
CSGP	D	-0.0%
AXON	A	-0.0%
BIO	D	-0.0%
OTEX	D	-0.0%
AMH	D	-0.0%
PLTR	B	-0.0%
ARES	A	-0.0%