FNDX vs. SHE ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SHE
30 Days	3.67%	2.93%
60 Days	4.58%	5.56%
90 Days	6.53%	7.44%
12 Months	29.67%	34.03%

217 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SHE	Overlap
	AAPL	C	4.35%	4.14%	4.14%
	ABT	B	0.34%	0.73%	0.34%
	ACI	C	0.03%	0.02%	0.02%
	ACM	A	0.05%	0.05%	0.05%
	ACN	C	0.36%	4.39%	0.36%
	ADM	D	0.21%	0.08%	0.08%
	ADSK	A	0.03%	1.25%	0.03%
	AEE	A	0.07%	0.08%	0.07%
	AEP	D	0.16%	0.16%	0.16%
	AIG	B	0.28%	0.19%	0.19%
	AIZ	A	0.03%	0.04%	0.03%
	AKAM	D	0.03%	0.22%	0.03%
	ALB	C	0.03%	0.04%	0.03%
	ALL	A	0.27%	0.18%	0.18%
	AMCR	D	0.03%	0.06%	0.03%
	ANSS	B	0.02%	0.49%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APTV	D	0.02%	0.11%	0.02%
	AVB	B	0.05%	0.11%	0.05%
	AWK	D	0.04%	0.12%	0.04%
	AXP	A	0.36%	0.65%	0.36%
	BA	F	0.11%	0.26%	0.11%
	BAC	A	1.3%	1.2%	1.2%
	BBWI	D	0.03%	0.04%	0.03%
	BBY	D	0.16%	0.09%	0.09%
	BIIB	F	0.09%	0.09%	0.09%
	BK	A	0.26%	0.21%	0.21%
	BKNG	A	0.24%	1.33%	0.24%
	BKR	B	0.16%	0.14%	0.14%
	BR	A	0.03%	0.1%	0.03%
	BURL	A	0.03%	0.15%	0.03%
	C	A	1.1%	0.51%	0.51%
	CAH	B	0.07%	0.11%	0.07%
	CARR	D	0.12%	0.19%	0.12%
	CAT	B	0.41%	0.94%	0.41%
	CDW	F	0.04%	0.44%	0.04%
	CE	F	0.03%	0.03%	0.03%
	CHD	B	0.04%	0.08%	0.04%
	CHTR	C	0.35%	0.18%	0.18%
	CI	F	0.48%	0.32%	0.32%
	CL	D	0.13%	0.26%	0.13%
	CLX	B	0.04%	0.08%	0.04%
	CMG	B	0.04%	0.63%	0.04%
	CMI	A	0.19%	0.24%	0.19%
	CMS	C	0.06%	0.06%	0.06%
	CNC	D	0.19%	0.12%	0.12%
	CNP	B	0.06%	0.08%	0.06%
	COF	B	0.48%	0.24%	0.24%
	COR	B	0.02%	0.15%	0.02%
	COST	B	0.66%	1.13%	0.66%
	CPB	D	0.03%	0.03%	0.03%
	CRL	C	0.01%	0.04%	0.01%
	CSCO	B	0.82%	4.03%	0.82%
	CVS	D	0.68%	0.25%	0.25%
	CVX	A	1.25%	0.98%	0.98%
	D	C	0.17%	0.23%	0.17%
	DAL	C	0.03%	0.04%	0.03%
	DD	D	0.17%	0.1%	0.1%
	DE	A	0.23%	0.32%	0.23%
	DECK	A	0.03%	0.14%	0.03%
	DG	F	0.08%	0.07%	0.07%
	DHI	D	0.16%	0.22%	0.16%
	DKS	C	0.04%	0.08%	0.04%
	DLR	B	0.08%	0.22%	0.08%
	DOW	F	0.18%	0.11%	0.11%
	DTE	C	0.07%	0.11%	0.07%
	DUK	C	0.3%	0.27%	0.27%
	EA	A	0.09%	0.12%	0.09%
	EBAY	D	0.17%	0.14%	0.14%
	ECL	D	0.08%	0.2%	0.08%
	ED	D	0.12%	0.13%	0.12%
	EIX	B	0.1%	0.13%	0.1%
	EL	F	0.03%	0.06%	0.03%
	EMR	A	0.17%	0.25%	0.17%
	EOG	A	0.23%	0.21%	0.21%
	EQIX	A	0.08%	0.25%	0.08%
	EQR	B	0.05%	0.09%	0.05%
	EQT	B	0.04%	0.07%	0.04%
	ETN	A	0.23%	0.51%	0.23%
	ETR	B	0.12%	0.11%	0.11%
	EXC	C	0.17%	0.13%	0.13%
	EXR	D	0.03%	0.12%	0.03%
	FANG	D	0.05%	0.11%	0.05%
	FBIN	D	0.04%	0.05%	0.04%
	FDX	B	0.32%	0.22%	0.22%
	FIS	C	0.12%	0.17%	0.12%
	FITB	A	0.13%	0.12%	0.12%
	FTNT	C	0.03%	1.08%	0.03%
	FTV	C	0.03%	0.1%	0.03%
	GDDY	A	0.03%	0.47%	0.03%
	GE	D	0.15%	0.58%	0.15%
	GILD	C	0.37%	0.42%	0.37%
	GIS	D	0.11%	0.13%	0.11%
	GPN	B	0.09%	0.1%	0.09%
	GWW	B	0.08%	0.17%	0.08%
	HIG	B	0.14%	0.15%	0.14%
	HLT	A	0.06%	0.53%	0.06%
	HON	B	0.37%	0.52%	0.37%
	HRL	D	0.03%	0.04%	0.03%
	HST	C	0.04%	0.06%	0.04%
	HSY	F	0.04%	0.1%	0.04%
	HUBB	B	0.03%	0.09%	0.03%
	IDXX	F	0.02%	0.14%	0.02%
	IFF	D	0.05%	0.07%	0.05%
	ILMN	D	0.03%	0.08%	0.03%
	INTC	D	0.89%	1.87%	0.89%
	INTU	C	0.11%	3.56%	0.11%
	INVH	D	0.03%	0.09%	0.03%
	IPG	D	0.04%	0.05%	0.04%
	IRM	D	0.06%	0.13%	0.06%
	ITW	B	0.15%	0.29%	0.15%
	J	F	0.05%	0.07%	0.05%
	JCI	C	0.16%	0.24%	0.16%
	JNJ	D	0.89%	1.41%	0.89%
	JPM	A	2.03%	2.69%	2.03%
	KEY	B	0.1%	0.07%	0.07%
	KIM	A	0.03%	0.07%	0.03%
	KMX	B	0.06%	0.07%	0.06%
	KO	D	0.35%	0.99%	0.35%
	KR	B	0.3%	0.15%	0.15%
	LDOS	C	0.07%	0.1%	0.07%
	LH	C	0.09%	0.07%	0.07%
	LIN	D	0.33%	0.89%	0.33%
	LLY	F	0.2%	2.32%	0.2%
	LNG	B	0.06%	0.17%	0.06%
	LOW	D	0.43%	0.96%	0.43%
	LPLA	A	0.04%	0.08%	0.04%
	LULU	C	0.01%	0.33%	0.01%
	LUV	C	0.02%	0.02%	0.02%
	LVS	C	0.04%	0.09%	0.04%
	LYB	F	0.14%	0.07%	0.07%
	MAA	B	0.03%	0.07%	0.03%
	MAR	B	0.09%	0.65%	0.09%
	MCK	B	0.11%	0.31%	0.11%
	MCO	B	0.07%	0.33%	0.07%
	MDT	D	0.16%	0.41%	0.16%
	META	D	1.79%	4.59%	1.79%
	MGM	D	0.06%	0.06%	0.06%
	MMC	B	0.14%	0.43%	0.14%
	MMM	D	0.35%	0.25%	0.25%
	MRK	F	0.42%	0.89%	0.42%
	MSFT	F	2.43%	4.17%	2.43%
	MTB	A	0.11%	0.14%	0.11%
	NEM	D	0.13%	0.2%	0.13%
	NFLX	A	0.17%	1.78%	0.17%
	NKE	D	0.19%	0.42%	0.19%
	NOC	D	0.2%	0.31%	0.2%
	NSC	B	0.21%	0.18%	0.18%
	NTRS	A	0.08%	0.08%	0.08%
	NVDA	C	0.4%	4.79%	0.4%
	NWSA	B	0.04%	0.03%	0.03%
	O	D	0.04%	0.16%	0.04%
	OC	A	0.07%	0.06%	0.06%
	OMC	C	0.08%	0.07%	0.07%
	OVV	B	0.06%	0.04%	0.04%
	OXY	D	0.11%	0.14%	0.11%
	PARA	C	0.11%	0.04%	0.04%
	PEG	A	0.11%	0.17%	0.11%
	PFG	D	0.09%	0.08%	0.08%
	PG	A	0.77%	1.5%	0.77%
	PGR	A	0.23%	0.67%	0.23%
	PNC	B	0.3%	0.32%	0.3%
	PNR	A	0.04%	0.07%	0.04%
	PPL	B	0.11%	0.09%	0.09%
	PRU	A	0.22%	0.19%	0.19%
	PSA	D	0.05%	0.19%	0.05%
	PSX	C	0.36%	0.15%	0.15%
	RF	A	0.09%	0.09%	0.09%
	ROK	B	0.06%	0.11%	0.06%
	ROST	C	0.07%	0.41%	0.07%
	RPM	A	0.04%	0.05%	0.04%
	RTX	C	0.34%	0.5%	0.34%
	SBUX	A	0.28%	0.94%	0.28%
	SCHW	B	0.13%	0.47%	0.13%
	SJM	D	0.05%	0.05%	0.05%
	SPG	B	0.1%	0.22%	0.1%
	SPGI	C	0.15%	0.58%	0.15%
	SQ	B	0.03%	0.17%	0.03%
	SSNC	B	0.04%	0.07%	0.04%
	STZ	D	0.07%	0.12%	0.07%
	SW	A	0.09%	0.08%	0.08%
	SWK	D	0.07%	0.05%	0.05%
	SYF	B	0.34%	0.09%	0.09%
	T	A	1.27%	0.63%	0.63%
	TFC	A	0.23%	0.24%	0.23%
	TFX	F	0.02%	0.03%	0.02%
	TGT	F	0.38%	0.27%	0.27%
	TJX	A	0.22%	1.21%	0.22%
	TMUS	B	0.25%	0.52%	0.25%
	TROW	B	0.13%	0.09%	0.09%
	TRU	D	0.03%	0.06%	0.03%
	TSCO	D	0.06%	0.26%	0.06%
	TSN	B	0.2%	0.05%	0.05%
	TT	A	0.06%	0.34%	0.06%
	TTWO	A	0.03%	0.09%	0.03%
	TXT	D	0.06%	0.05%	0.05%
	UBER	D	0.04%	0.57%	0.04%
	ULTA	F	0.03%	0.16%	0.03%
	UNH	C	1.22%	1.75%	1.22%
	V	A	0.36%	1.62%	0.36%
	VICI	C	0.02%	0.14%	0.02%
	VRTX	F	0.07%	0.45%	0.07%
	VST	B	0.16%	0.2%	0.16%
	VTR	C	0.08%	0.12%	0.08%
	VZ	C	1.13%	0.77%	0.77%
	WAB	B	0.06%	0.11%	0.06%
	WBA	F	0.17%	0.03%	0.03%
	WBD	C	0.08%	0.11%	0.08%
	WEC	A	0.08%	0.11%	0.08%
	WFC	A	1.35%	0.97%	0.97%
	WSM	B	0.04%	0.14%	0.04%
	WTW	B	0.07%	0.13%	0.07%
	WY	D	0.09%	0.07%	0.07%
	XEL	A	0.12%	0.12%	0.12%
	XOM	B	1.99%	1.46%	1.46%
	XYL	D	0.03%	0.11%	0.03%
	ZTS	D	0.07%	0.31%	0.07%

FNDX Overweight 504 Positions Relative to SHE

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	AMZN	C	1.56%
	WMT	A	1.47%
	GOOGL	C	1.33%
	GOOG	C	1.14%
	CMCSA	B	0.83%
	HD	A	0.8%
	GM	B	0.79%
	PFE	D	0.68%
	LUMN	C	0.65%
	GS	A	0.62%
	AVGO	D	0.61%
	IBM	C	0.54%
	ORCL	B	0.5%
	ABBV	D	0.49%
	PM	B	0.48%
	COP	C	0.48%
	MS	A	0.46%
	BMY	B	0.45%
	DIS	B	0.45%
	QCOM	F	0.43%
	PEP	F	0.41%
	MPC	D	0.4%
	VLO	C	0.39%
	AMGN	D	0.39%
	MU	D	0.38%
	LMT	D	0.37%
	MO	A	0.37%
	ELV	F	0.36%
	UNP	C	0.35%
	TXN	C	0.34%
	MCD	D	0.34%
	F	C	0.33%
	USB	A	0.32%
	TRV	B	0.31%
	MA	C	0.29%
	TSLA	B	0.28%
	BLK	C	0.28%
	UPS	C	0.28%
	DFS	B	0.26%
	MET	A	0.26%
	SO	D	0.26%
	CB	C	0.26%
	TMO	F	0.25%
	NEE	D	0.24%
	AMAT	F	0.24%
	KMI	A	0.23%
	CSX	B	0.22%
	PYPL	B	0.22%
	AFL	B	0.21%
	HPQ	B	0.21%
	GD	F	0.21%
	HPE	B	0.21%
	ADBE	C	0.2%
	MDLZ	F	0.2%
	HCA	F	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	NUE	C	0.19%
	WMB	A	0.17%
	IP	B	0.17%
	LHX	C	0.16%
	LEN	D	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	ADP	B	0.15%
	LRCX	F	0.15%
	PCAR	B	0.15%
	WM	A	0.15%
	CRM	B	0.15%
	FCX	D	0.14%
	OKE	A	0.14%
	GLW	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	SYK	C	0.13%
	BX	A	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	CBRE	B	0.13%
	FI	A	0.13%
	URI	B	0.13%
	SLB	C	0.12%
	WDC	D	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	BDX	F	0.11%
	ICE	C	0.11%
	PHM	D	0.11%
	AMT	D	0.11%
	STLD	B	0.11%
	SYY	B	0.1%
	ALLY	C	0.1%
	FOXA	B	0.1%
	KMB	D	0.1%
	VTRS	A	0.1%
	REGN	F	0.1%
	STT	A	0.1%
	CEG	D	0.1%
	WELL	A	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	CFG	B	0.1%
	MRO	B	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	CTVA	C	0.09%
	BSX	B	0.09%
	APH	A	0.09%
	CCI	D	0.09%
	AMD	F	0.09%
	GEHC	F	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	HBAN	A	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	KLAC	D	0.08%
	CME	A	0.08%
	UHS	D	0.08%
	PPG	F	0.08%
	WKC	D	0.08%
	CTAS	B	0.08%
	JLL	D	0.08%
	SHW	A	0.08%
	K	A	0.07%
	BAX	D	0.07%
	IQV	D	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	CMA	A	0.07%
	CF	B	0.07%
	DGX	A	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	NTAP	C	0.07%
	EVRG	A	0.07%
	PWR	A	0.07%
	R	B	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	X	C	0.07%
	LAD	A	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	FAST	B	0.07%
	SNA	A	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	ODFL	B	0.06%
	DVA	B	0.06%
	CPAY	A	0.06%
	CAG	D	0.06%
	JEF	A	0.06%
	BLDR	D	0.06%
	BALL	D	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%
	CCL	B	0.06%
	FLEX	A	0.06%
	JBL	B	0.06%
	PFGC	B	0.06%
	EME	C	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	PAYX	C	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	MOH	F	0.05%
	VNO	B	0.05%
	NI	A	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ZBH	C	0.05%
	ORI	A	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%
	L	A	0.05%
	JNPR	F	0.05%
	AES	F	0.05%
	DRI	B	0.05%
	AJG	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	GPC	D	0.05%
	OTIS	C	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%
	ROP	B	0.05%
	MAS	D	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	D	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	A	D	0.05%
	TAP	C	0.05%
	ANET	C	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	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%
	FYBR	D	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	EXPD	D	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	SWKS	F	0.04%
	HOLX	D	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	EW	C	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%
	PNW	B	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	UGI	A	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%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	IEX	B	0.03%
	MRNA	F	0.03%
	ACGL	D	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	RVTY	F	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%
	STE	F	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	MTD	D	0.03%
	ARMK	B	0.03%
	EFX	F	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%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	HII	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	WU	D	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	GRMN	B	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	OLN	D	0.03%
	IT	C	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	BAH	F	0.03%
	WSO	A	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%
	MKC	D	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	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	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%
	CHKP	D	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%
	POR	C	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%
	NFG	A	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%
	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%
	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	D	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%
	BRO	B	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%
	VRSN	F	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	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%
	UNFI	A	0.01%
	CRI	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 22 Positions Relative to SHE

	Symbol	Grade	Weight
	HUBS	A	-0.58%
	TYL	B	-0.44%
	ABNB	C	-0.36%
	RCL	A	-0.31%
	FLUT	A	-0.31%
	TWLO	A	-0.28%
	WCN	A	-0.21%
	CSGP	D	-0.14%
	TTD	B	-0.13%
	VLTO	D	-0.12%
	ALNY	D	-0.12%
	FDS	B	-0.07%
	UTHR	C	-0.06%
	PINS	D	-0.06%
	INCY	C	-0.05%
	SNAP	C	-0.05%
	Z	A	-0.04%
	RIVN	F	-0.04%
	DAY	B	-0.04%
	AMH	D	-0.04%
	NBIX	C	-0.04%
	WYNN	D	-0.04%

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

SHE: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Banks - Regional - US Oil & Gas E&P Specialty Chemicals Specialty Retail Biotechnology Business Services Capital Markets Drug Manufacturers - Major Household & Personal Products REIT - Residential Aerospace & Defense Apparel Stores Banks - Global Credit Services Diagnostics & Research Discount Stores Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Dow Jones Component Banking Electricity Bank Chemical Insurance Computing Real Estate Investment Trust Electronics Aerospace Investment Bank Mining Mobile Devices Telecommunications Cash Management Acid Disability