FNDX vs. RVRB ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Reverb ETF (RVRB)

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

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

212

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	RVRB
30 Days	3.67%	3.12%
60 Days	4.58%	5.02%
90 Days	6.53%	7.06%
12 Months	29.67%	31.49%

424 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in RVRB	Overlap
A	D	0.05%	0.07%	0.05%
AAL	B	0.01%	0.01%	0.01%
AAPL	C	4.35%	5.64%	4.35%
ABBV	D	0.49%	0.52%	0.49%
ABT	B	0.34%	0.35%	0.34%
ACN	C	0.36%	0.39%	0.36%
ADBE	C	0.2%	0.41%	0.2%
ADI	D	0.13%	0.19%	0.13%
ADM	D	0.21%	0.04%	0.04%
ADP	B	0.15%	0.21%	0.15%
ADSK	A	0.03%	0.12%	0.03%
AEE	A	0.07%	0.05%	0.05%
AEP	D	0.16%	0.09%	0.09%
AER	B	0.02%	0.04%	0.02%
AES	F	0.05%	0.01%	0.01%
AFL	B	0.21%	0.11%	0.11%
AIG	B	0.28%	0.09%	0.09%
AJG	B	0.05%	0.11%	0.05%
AKAM	D	0.03%	0.01%	0.01%
ALB	C	0.03%	0.01%	0.01%
ALGN	D	0.02%	0.03%	0.02%
ALL	A	0.27%	0.09%	0.09%
AMAT	F	0.24%	0.27%	0.24%
AMCR	D	0.03%	0.02%	0.02%
AMD	F	0.09%	0.39%	0.09%
AME	A	0.05%	0.09%	0.05%
AMGN	D	0.39%	0.28%	0.28%
AMP	A	0.15%	0.11%	0.11%
AMT	D	0.11%	0.16%	0.11%
AMZN	C	1.56%	4.4%	1.56%
ANET	C	0.04%	0.22%	0.04%
ANSS	B	0.02%	0.04%	0.02%
AON	A	0.13%	0.14%	0.13%
APD	A	0.13%	0.12%	0.12%
APH	A	0.09%	0.16%	0.09%
APO	B	0.03%	0.17%	0.03%
APTV	D	0.02%	0.02%	0.02%
ARE	D	0.03%	0.03%	0.03%
ATO	A	0.04%	0.04%	0.04%
AVB	B	0.05%	0.06%	0.05%
AVGO	D	0.61%	1.32%	0.61%
AVTR	F	0.02%	0.03%	0.02%
AVY	D	0.04%	0.03%	0.03%
AWK	D	0.04%	0.04%	0.04%
AXP	A	0.36%	0.37%	0.36%
BA	F	0.11%	0.14%	0.11%
BAC	A	1.3%	0.6%	0.6%
BAH	F	0.03%	0.04%	0.03%
BALL	D	0.06%	0.04%	0.04%
BAX	D	0.07%	0.03%	0.03%
BBY	D	0.16%	0.04%	0.04%
BDX	F	0.11%	0.12%	0.11%
BG	F	0.1%	0.01%	0.01%
BIIB	F	0.09%	0.04%	0.04%
BK	A	0.26%	0.1%	0.1%
BKNG	A	0.24%	0.32%	0.24%
BKR	B	0.16%	0.08%	0.08%
BLDR	D	0.06%	0.03%	0.03%
BLK	C	0.28%	0.27%	0.27%
BMY	B	0.45%	0.21%	0.21%
BR	A	0.03%	0.04%	0.03%
BRK.A	B	2.17%	1.65%	1.65%
BRO	B	0.02%	0.06%	0.02%
BSX	B	0.09%	0.24%	0.09%
BURL	A	0.03%	0.02%	0.02%
BX	A	0.13%	0.23%	0.13%
C	A	1.1%	0.23%	0.23%
CAG	D	0.06%	0.01%	0.01%
CAH	B	0.07%	0.05%	0.05%
CARR	D	0.12%	0.12%	0.12%
CAT	B	0.41%	0.35%	0.35%
CB	C	0.26%	0.2%	0.2%
CBRE	B	0.13%	0.07%	0.07%
CCEP	C	0.02%	0.07%	0.02%
CCI	D	0.09%	0.08%	0.08%
CCL	B	0.06%	0.06%	0.06%
CDNS	B	0.03%	0.16%	0.03%
CDW	F	0.04%	0.05%	0.04%
CE	F	0.03%	0.01%	0.01%
CEG	D	0.1%	0.13%	0.1%
CF	B	0.07%	0.02%	0.02%
CFG	B	0.1%	0.04%	0.04%
CHD	B	0.04%	0.05%	0.04%
CHKP	D	0.02%	0.03%	0.02%
CHTR	C	0.35%	0.1%	0.1%
CI	F	0.48%	0.17%	0.17%
CINF	A	0.07%	0.04%	0.04%
CL	D	0.13%	0.13%	0.13%
CLX	B	0.04%	0.03%	0.03%
CMCSA	B	0.83%	0.3%	0.3%
CMG	B	0.04%	0.16%	0.04%
CMI	A	0.19%	0.09%	0.09%
CMS	C	0.06%	0.03%	0.03%
CNC	D	0.19%	0.06%	0.06%
CNH	C	0.02%	0.01%	0.01%
CNP	B	0.06%	0.03%	0.03%
COF	B	0.48%	0.12%	0.12%
COP	C	0.48%	0.23%	0.23%
COR	B	0.02%	0.08%	0.02%
COST	B	0.66%	0.77%	0.66%
CPAY	A	0.06%	0.05%	0.05%
CPB	D	0.03%	0.01%	0.01%
CPRT	A	0.03%	0.1%	0.03%
CRBG	B	0.04%	0.03%	0.03%
CRM	B	0.15%	0.55%	0.15%
CSCO	B	0.82%	0.41%	0.41%
CSL	C	0.05%	0.03%	0.03%
CSX	B	0.22%	0.13%	0.13%
CTAS	B	0.08%	0.17%	0.08%
CTRA	B	0.03%	0.03%	0.03%
CTSH	B	0.19%	0.07%	0.07%
CTVA	C	0.09%	0.07%	0.07%
CVS	D	0.68%	0.12%	0.12%
CVX	A	1.25%	0.52%	0.52%
D	C	0.17%	0.08%	0.08%
DAL	C	0.03%	0.07%	0.03%
DD	D	0.17%	0.06%	0.06%
DE	A	0.23%	0.2%	0.2%
DELL	C	0.03%	0.16%	0.03%
DFS	B	0.26%	0.08%	0.08%
DG	F	0.08%	0.03%	0.03%
DGX	A	0.07%	0.03%	0.03%
DHI	D	0.16%	0.09%	0.09%
DHR	F	0.15%	0.31%	0.15%
DIS	B	0.45%	0.34%	0.34%
DKS	C	0.04%	0.03%	0.03%
DLR	B	0.08%	0.1%	0.08%
DLTR	F	0.05%	0.02%	0.02%
DOV	A	0.06%	0.05%	0.05%
DOW	F	0.18%	0.06%	0.06%
DRI	B	0.05%	0.03%	0.03%
DTE	C	0.07%	0.05%	0.05%
DUK	C	0.3%	0.15%	0.15%
DVN	F	0.09%	0.05%	0.05%
EA	A	0.09%	0.07%	0.07%
EBAY	D	0.17%	0.06%	0.06%
ECL	D	0.08%	0.13%	0.08%
ED	D	0.12%	0.06%	0.06%
EFX	F	0.03%	0.05%	0.03%
EG	C	0.02%	0.02%	0.02%
EL	F	0.03%	0.04%	0.03%
ELV	F	0.36%	0.16%	0.16%
EMR	A	0.17%	0.13%	0.13%
EOG	A	0.23%	0.14%	0.14%
EQIX	A	0.08%	0.17%	0.08%
EQR	B	0.05%	0.05%	0.05%
EQT	B	0.04%	0.02%	0.02%
ES	D	0.08%	0.04%	0.04%
ESS	B	0.03%	0.02%	0.02%
ETN	A	0.23%	0.26%	0.23%
ETR	B	0.12%	0.06%	0.06%
EW	C	0.04%	0.07%	0.04%
EXC	C	0.17%	0.07%	0.07%
EXPD	D	0.04%	0.02%	0.02%
EXPE	B	0.04%	0.05%	0.04%
EXR	D	0.03%	0.06%	0.03%
F	C	0.33%	0.08%	0.08%
FANG	D	0.05%	0.06%	0.05%
FAST	B	0.07%	0.08%	0.07%
FCX	D	0.14%	0.11%	0.11%
FDX	B	0.32%	0.13%	0.13%
FE	C	0.09%	0.04%	0.04%
FI	A	0.13%	0.23%	0.13%
FIS	C	0.12%	0.09%	0.09%
FMC	D	0.03%	0.01%	0.01%
FSLR	F	0.01%	0.04%	0.01%
FTNT	C	0.03%	0.13%	0.03%
FTV	C	0.03%	0.05%	0.03%
GDDY	A	0.03%	0.05%	0.03%
GE	D	0.15%	0.34%	0.15%
GEHC	F	0.09%	0.07%	0.07%
GEV	B	0.04%	0.17%	0.04%
GILD	C	0.37%	0.2%	0.2%
GIS	D	0.11%	0.06%	0.06%
GLW	B	0.14%	0.07%	0.07%
GM	B	0.79%	0.11%	0.11%
GOOGL	C	1.33%	4.05%	1.33%
GPC	D	0.05%	0.03%	0.03%
GPN	B	0.09%	0.05%	0.05%
GRMN	B	0.03%	0.07%	0.03%
GS	A	0.62%	0.34%	0.34%
GWW	B	0.08%	0.08%	0.08%
HAL	C	0.06%	0.05%	0.05%
HBAN	A	0.08%	0.04%	0.04%
HCA	F	0.2%	0.15%	0.15%
HD	A	0.8%	0.75%	0.75%
HES	B	0.06%	0.08%	0.06%
HIG	B	0.14%	0.06%	0.06%
HLT	A	0.06%	0.11%	0.06%
HOLX	D	0.04%	0.03%	0.03%
HON	B	0.37%	0.21%	0.21%
HPE	B	0.21%	0.05%	0.05%
HPQ	B	0.21%	0.06%	0.06%
HRL	D	0.03%	0.03%	0.03%
HSY	F	0.04%	0.07%	0.04%
HUBB	B	0.03%	0.03%	0.03%
HUM	C	0.19%	0.05%	0.05%
HWM	A	0.07%	0.08%	0.07%
IBM	C	0.54%	0.33%	0.33%
ICE	C	0.11%	0.16%	0.11%
ICLR	D	0.01%	0.03%	0.01%
IDXX	F	0.02%	0.05%	0.02%
IEX	B	0.03%	0.01%	0.01%
IFF	D	0.05%	0.04%	0.04%
ILMN	D	0.03%	0.04%	0.03%
INTC	D	0.89%	0.18%	0.18%
INTU	C	0.11%	0.36%	0.11%
INVH	D	0.03%	0.04%	0.03%
IP	B	0.17%	0.02%	0.02%
IQV	D	0.07%	0.07%	0.07%
IR	B	0.03%	0.07%	0.03%
IRM	D	0.06%	0.06%	0.06%
ISRG	A	0.09%	0.34%	0.09%
IT	C	0.03%	0.07%	0.03%
ITW	B	0.15%	0.14%	0.14%
J	F	0.05%	0.04%	0.04%
JBHT	C	0.05%	0.04%	0.04%
JBL	B	0.06%	0.02%	0.02%
JCI	C	0.16%	0.1%	0.1%
JNJ	D	0.89%	0.46%	0.46%
JPM	A	2.03%	1.18%	1.18%
K	A	0.07%	0.05%	0.05%
KDP	D	0.07%	0.08%	0.07%
KEY	B	0.1%	0.02%	0.02%
KEYS	A	0.04%	0.05%	0.04%
KHC	F	0.09%	0.07%	0.07%
KKR	A	0.12%	0.24%	0.12%
KLAC	D	0.08%	0.17%	0.08%
KMB	D	0.1%	0.08%	0.08%
KMI	A	0.23%	0.11%	0.11%
KO	D	0.35%	0.5%	0.35%
KR	B	0.3%	0.08%	0.08%
KVUE	A	0.05%	0.08%	0.05%
L	A	0.05%	0.03%	0.03%
LDOS	C	0.07%	0.04%	0.04%
LEN	D	0.16%	0.08%	0.08%
LH	C	0.09%	0.02%	0.02%
LHX	C	0.16%	0.08%	0.08%
LIN	D	0.33%	0.38%	0.33%
LKQ	D	0.05%	0.01%	0.01%
LLY	F	0.2%	1.31%	0.2%
LMT	D	0.37%	0.24%	0.24%
LNG	B	0.06%	0.08%	0.06%
LOW	D	0.43%	0.28%	0.28%
LPLA	A	0.04%	0.02%	0.02%
LRCX	F	0.15%	0.19%	0.15%
LULU	C	0.01%	0.06%	0.01%
LUV	C	0.02%	0.04%	0.02%
LVS	C	0.04%	0.07%	0.04%
LW	C	0.02%	0.01%	0.01%
LYB	F	0.14%	0.05%	0.05%
MA	C	0.29%	0.87%	0.29%
MAA	B	0.03%	0.03%	0.03%
MAR	B	0.09%	0.14%	0.09%
MAS	D	0.05%	0.03%	0.03%
MCD	D	0.34%	0.36%	0.34%
MCHP	D	0.05%	0.06%	0.05%
MCK	B	0.11%	0.16%	0.11%
MCO	B	0.07%	0.15%	0.07%
MDLZ	F	0.2%	0.16%	0.16%
MDT	D	0.16%	0.2%	0.16%
MET	A	0.26%	0.11%	0.11%
META	D	1.79%	2.4%	1.79%
MGM	D	0.06%	0.01%	0.01%
MKC	D	0.03%	0.04%	0.03%
MLM	B	0.04%	0.08%	0.04%
MMC	B	0.14%	0.2%	0.14%
MMM	D	0.35%	0.13%	0.13%
MNST	C	0.05%	0.1%	0.05%
MO	A	0.37%	0.17%	0.17%
MOH	F	0.05%	0.04%	0.04%
MOS	F	0.06%	0.01%	0.01%
MPC	D	0.4%	0.09%	0.09%
MRK	F	0.42%	0.35%	0.35%
MRNA	F	0.03%	0.03%	0.03%
MRO	B	0.09%	0.01%	0.01%
MRVL	B	0.04%	0.14%	0.04%
MS	A	0.46%	0.38%	0.38%
MSCI	C	0.03%	0.08%	0.03%
MSFT	F	2.43%	6.29%	2.43%
MSI	B	0.07%	0.16%	0.07%
MTB	A	0.11%	0.07%	0.07%
MTD	D	0.03%	0.08%	0.03%
MU	D	0.38%	0.2%	0.2%
NDAQ	A	0.03%	0.08%	0.03%
NEE	D	0.24%	0.27%	0.24%
NEM	D	0.13%	0.08%	0.08%
NFLX	A	0.17%	0.64%	0.17%
NKE	D	0.19%	0.21%	0.19%
NOC	D	0.2%	0.13%	0.13%
NOW	A	0.01%	0.4%	0.01%
NRG	B	0.1%	0.02%	0.02%
NSC	B	0.21%	0.1%	0.1%
NTAP	C	0.07%	0.05%	0.05%
NTRS	A	0.08%	0.04%	0.04%
NUE	C	0.19%	0.07%	0.07%
NVDA	C	0.4%	6.15%	0.4%
NXPI	D	0.05%	0.1%	0.05%
O	D	0.04%	0.09%	0.04%
ODFL	B	0.06%	0.09%	0.06%
OMC	C	0.08%	0.03%	0.03%
ON	D	0.04%	0.05%	0.04%
ORCL	B	0.5%	0.9%	0.5%
ORLY	B	0.11%	0.16%	0.11%
OTIS	C	0.05%	0.07%	0.05%
OXY	D	0.11%	0.08%	0.08%
PANW	C	0.03%	0.23%	0.03%
PAYX	C	0.06%	0.09%	0.06%
PCAR	B	0.15%	0.11%	0.11%
PCG	A	0.03%	0.1%	0.03%
PEG	A	0.11%	0.08%	0.08%
PEP	F	0.41%	0.39%	0.39%
PFE	D	0.68%	0.25%	0.25%
PFG	D	0.09%	0.04%	0.04%
PG	A	0.77%	0.69%	0.69%
PGR	A	0.23%	0.26%	0.23%
PH	A	0.13%	0.18%	0.13%
PHM	D	0.11%	0.05%	0.05%
PKG	A	0.07%	0.02%	0.02%
PLD	D	0.07%	0.18%	0.07%
PM	B	0.48%	0.35%	0.35%
PNC	B	0.3%	0.15%	0.15%
PPG	F	0.08%	0.06%	0.06%
PPL	B	0.11%	0.04%	0.04%
PRU	A	0.22%	0.08%	0.08%
PSA	D	0.05%	0.11%	0.05%
PSX	C	0.36%	0.1%	0.1%
PWR	A	0.07%	0.08%	0.07%
PYPL	B	0.22%	0.16%	0.16%
QCOM	F	0.43%	0.32%	0.32%
REGN	F	0.1%	0.15%	0.1%
RF	A	0.09%	0.04%	0.04%
RJF	A	0.05%	0.06%	0.05%
RMD	C	0.03%	0.06%	0.03%
ROK	B	0.06%	0.06%	0.06%
ROP	B	0.05%	0.11%	0.05%
ROST	C	0.07%	0.08%	0.07%
RS	B	0.09%	0.02%	0.02%
RSG	A	0.06%	0.12%	0.06%
RTX	C	0.34%	0.27%	0.27%
RVTY	F	0.03%	0.01%	0.01%
SBAC	D	0.02%	0.04%	0.02%
SBUX	A	0.28%	0.19%	0.19%
SCHW	B	0.13%	0.2%	0.13%
SHW	A	0.08%	0.17%	0.08%
SJM	D	0.05%	0.01%	0.01%
SNPS	B	0.03%	0.14%	0.03%
SO	D	0.26%	0.17%	0.17%
SPG	B	0.1%	0.1%	0.1%
SPGI	C	0.15%	0.29%	0.15%
SQ	B	0.03%	0.09%	0.03%
SRE	A	0.13%	0.1%	0.1%
STE	F	0.03%	0.04%	0.03%
STLD	B	0.11%	0.04%	0.04%
STT	A	0.1%	0.05%	0.05%
STX	D	0.09%	0.04%	0.04%
STZ	D	0.07%	0.08%	0.07%
SUI	D	0.02%	0.02%	0.02%
SW	A	0.09%	0.02%	0.02%
SWKS	F	0.04%	0.01%	0.01%
SYK	C	0.13%	0.25%	0.13%
SYY	B	0.1%	0.07%	0.07%
T	A	1.27%	0.28%	0.28%
TDG	D	0.06%	0.16%	0.06%
TDY	B	0.03%	0.03%	0.03%
TER	D	0.04%	0.03%	0.03%
TFC	A	0.23%	0.11%	0.11%
TGT	F	0.38%	0.13%	0.13%
TJX	A	0.22%	0.25%	0.22%
TMO	F	0.25%	0.34%	0.25%
TMUS	B	0.25%	0.46%	0.25%
TRGP	B	0.07%	0.07%	0.07%
TRMB	B	0.03%	0.01%	0.01%
TROW	B	0.13%	0.05%	0.05%
TRV	B	0.31%	0.1%	0.1%
TSCO	D	0.06%	0.05%	0.05%
TSLA	B	0.28%	1.62%	0.28%
TSN	B	0.2%	0.04%	0.04%
TT	A	0.06%	0.16%	0.06%
TTWO	A	0.03%	0.06%	0.03%
TXN	C	0.34%	0.33%	0.33%
TXT	D	0.06%	0.03%	0.03%
UBER	D	0.04%	0.26%	0.04%
ULTA	F	0.03%	0.02%	0.02%
UNH	C	1.22%	0.95%	0.95%
UNP	C	0.35%	0.26%	0.26%
UPS	C	0.28%	0.2%	0.2%
URI	B	0.13%	0.11%	0.11%
USB	A	0.32%	0.14%	0.14%
V	A	0.36%	1.19%	0.36%
VICI	C	0.02%	0.06%	0.02%
VLO	C	0.39%	0.08%	0.08%
VMC	B	0.05%	0.07%	0.05%
VRSK	A	0.04%	0.07%	0.04%
VRSN	F	0.01%	0.04%	0.01%
VRTX	F	0.07%	0.22%	0.07%
VST	B	0.16%	0.09%	0.09%
VTR	C	0.08%	0.04%	0.04%
VZ	C	1.13%	0.29%	0.29%
WAB	B	0.06%	0.06%	0.06%
WAT	B	0.04%	0.05%	0.04%
WBA	F	0.17%	0.01%	0.01%
WBD	C	0.08%	0.04%	0.04%
WDC	D	0.12%	0.04%	0.04%
WEC	A	0.08%	0.06%	0.06%
WELL	A	0.1%	0.15%	0.1%
WFC	A	1.35%	0.45%	0.45%
WLK	D	0.02%	0.03%	0.02%
WM	A	0.15%	0.16%	0.15%
WMB	A	0.17%	0.12%	0.12%
WMT	A	1.47%	1.23%	1.23%
WPC	D	0.02%	0.01%	0.01%
WRB	A	0.03%	0.02%	0.02%
WSM	B	0.04%	0.02%	0.02%
WSO	A	0.03%	0.03%	0.03%
WST	C	0.02%	0.04%	0.02%
WTW	B	0.07%	0.06%	0.06%
WY	D	0.09%	0.04%	0.04%
XEL	A	0.12%	0.07%	0.07%
XOM	B	1.99%	0.9%	0.9%
XYL	D	0.03%	0.05%	0.03%
YUM	B	0.08%	0.07%	0.07%
ZBH	C	0.05%	0.04%	0.04%
ZTS	D	0.07%	0.15%	0.07%

FNDX Overweight 297 Positions Relative to RVRB

Symbol	Grade	Weight
GOOG	C	1.14%
LUMN	C	0.65%
SYF	B	0.34%
GD	F	0.21%
OKE	A	0.14%
FITB	A	0.13%
SLB	C	0.12%
PARA	C	0.11%
EIX	B	0.1%
ALLY	C	0.1%
FOXA	B	0.1%
VTRS	A	0.1%
ARW	D	0.08%
EMN	D	0.08%
NVR	D	0.08%
USFD	A	0.08%
CHRW	C	0.08%
WHR	B	0.08%
CME	A	0.08%
UHS	D	0.08%
WKC	D	0.08%
JLL	D	0.08%
OC	A	0.07%
VFC	C	0.07%
SWK	D	0.07%
CMA	A	0.07%
THC	D	0.07%
EVRG	A	0.07%
R	B	0.07%
X	C	0.07%
LAD	A	0.07%
AVT	C	0.07%
SNA	A	0.06%
OVV	B	0.06%
TOL	B	0.06%
M	D	0.06%
DVA	B	0.06%
JEF	A	0.06%
UNM	A	0.06%
AZO	C	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%
EME	C	0.06%
FNF	B	0.06%
KSS	F	0.06%
KMX	B	0.06%
ACM	A	0.05%
VNO	B	0.05%
NI	A	0.05%
AFG	A	0.05%
INGR	B	0.05%
ORI	A	0.05%
MKL	A	0.05%
IVZ	B	0.05%
JNPR	F	0.05%
AN	C	0.05%
BXP	D	0.05%
KD	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
LEA	D	0.05%
EQH	B	0.05%
TDS	B	0.05%
GPI	A	0.05%
CASY	A	0.05%
DINO	D	0.05%
BWA	D	0.05%
TPR	B	0.05%
SFM	A	0.05%
BFH	B	0.05%
LNC	B	0.05%
TAP	C	0.05%
FBIN	D	0.04%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
SSNC	B	0.04%
OSK	B	0.04%
AMG	B	0.04%
IPG	D	0.04%
ZIM	C	0.04%
UFPI	B	0.04%
PNR	A	0.04%
FYBR	D	0.04%
RPM	A	0.04%
CNO	A	0.04%
HST	C	0.04%
DOX	D	0.04%
SLM	A	0.04%
TMHC	B	0.04%
CCK	C	0.04%
ZBRA	B	0.04%
GT	C	0.04%
RGA	A	0.04%
RHI	B	0.04%
HSIC	B	0.04%
LNT	A	0.04%
GEN	B	0.04%
FAF	A	0.04%
MUSA	A	0.04%
BERY	B	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%
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%
SCI	B	0.03%
ACI	C	0.03%
ACGL	D	0.03%
GNTX	C	0.03%
AAP	C	0.03%
TRU	D	0.03%
BTU	B	0.03%
ITT	A	0.03%
BBWI	D	0.03%
KBH	D	0.03%
CW	B	0.03%
TPH	D	0.03%
LII	A	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%
SEIC	B	0.03%
KIM	A	0.03%
VOYA	B	0.03%
QRVO	F	0.03%
ARMK	B	0.03%
AIZ	A	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%
AGCO	D	0.03%
CACI	D	0.03%
APA	D	0.03%
MTH	D	0.03%
JHG	A	0.03%
CLF	F	0.03%
HII	D	0.03%
EWBC	A	0.03%
WU	D	0.03%
CIEN	B	0.03%
GNW	A	0.03%
NXST	C	0.03%
FFIV	B	0.03%
CG	A	0.03%
HUN	F	0.03%
FHN	A	0.03%
CMC	B	0.03%
DOC	D	0.03%
OLN	D	0.03%
DECK	A	0.03%
DPZ	C	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%
TFX	F	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%
TTC	D	0.02%
UHAL	D	0.02%
XRX	F	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	C	0.02%
SM	B	0.02%
NDSN	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%
EPAM	C	0.02%
HUBG	A	0.02%
SLG	B	0.02%
GGG	B	0.02%
GXO	B	0.02%
CTLT	B	0.02%
PENN	C	0.02%
JKHY	D	0.02%
CPT	B	0.02%
HOG	D	0.02%
POOL	C	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%
LAMR	D	0.02%
REG	B	0.02%
PK	B	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	B	0.02%
TGNA	B	0.02%
BAP	B	0.02%
SON	D	0.02%
AXTA	A	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%
DBX	B	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	B	0.01%
TNL	A	0.01%
PRGO	B	0.01%
QRTEA	F	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%
UNFI	A	0.01%
CRI	D	0.01%
CNX	A	0.01%
CPRI	F	0.01%

FNDX Underweight 86 Positions Relative to RVRB

Symbol	Grade	Weight
PLTR	B	-0.24%
SHOP	B	-0.24%
TD	F	-0.17%
APP	B	-0.16%
ABNB	C	-0.15%
FICO	B	-0.15%
SPOT	B	-0.15%
CRWD	B	-0.15%
SCCO	F	-0.14%
COIN	C	-0.13%
NU	C	-0.13%
MELI	D	-0.12%
EPD	A	-0.12%
WDAY	B	-0.12%
DASH	A	-0.12%
TEAM	A	-0.11%
ET	A	-0.1%
RCL	A	-0.1%
TTD	B	-0.1%
FLUT	A	-0.09%
MPLX	A	-0.09%
VRT	B	-0.08%
CPNG	D	-0.08%
WCN	A	-0.08%
DDOG	A	-0.08%
ALNY	D	-0.07%
STLA	F	-0.07%
SNOW	C	-0.07%
LYV	A	-0.06%
VEEV	C	-0.06%
NET	B	-0.06%
RBLX	C	-0.06%
VLTO	D	-0.05%
ZM	B	-0.05%
TW	A	-0.05%
IOT	A	-0.05%
DXCM	D	-0.05%
CSGP	D	-0.05%
GOLD	D	-0.05%
ZS	C	-0.05%
ARES	A	-0.05%
HEI	B	-0.05%
PTC	A	-0.04%
FOX	A	-0.04%
MPWR	F	-0.04%
MDB	C	-0.04%
AXON	A	-0.04%
TYL	B	-0.04%
GFS	C	-0.04%
STM	F	-0.04%
PHG	D	-0.04%
CQP	B	-0.04%
HUBS	A	-0.04%
ROL	B	-0.04%
ERIE	D	-0.03%
UAL	A	-0.03%
CVNA	B	-0.03%
FDS	B	-0.03%
PINS	D	-0.03%
DKNG	B	-0.03%
MT	B	-0.03%
YUMC	C	-0.02%
SNAP	C	-0.02%
CHWY	B	-0.02%
PODD	C	-0.02%
SMCI	F	-0.02%
HOOD	B	-0.02%
CELH	F	-0.01%
IEP	F	-0.01%
ETSY	D	-0.01%
U	C	-0.01%
ENPH	F	-0.01%
SIRI	C	-0.01%
RIVN	F	-0.01%
EXAS	D	-0.01%
RPRX	D	-0.01%
OKTA	C	-0.01%
AGR	B	-0.01%
BSY	D	-0.01%
BMRN	D	-0.01%
DT	C	-0.01%
PAYC	B	-0.01%
INCY	C	-0.01%
WMG	C	-0.01%
FTRE	D	-0.0%
LCID	F	-0.0%