FNDX vs. SPYI ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to NEOS S&P 500 High Income ETF (SPYI)

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

SPYI

NEOS S&P 500 High Income ETF

SPYI Description

SHP ETF Trust - NEOS S&P 500 High Income ETF is an exchange traded fund launched by Faith Investor Services LLC. The fund is managed by Neos Investment Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies, within the market capitalization range of the S&P 500 Index. SHP ETF Trust - NEOS S&P 500 High Income ETF was formed on August 30, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$51.96

Average Daily Volume

607,658

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SPYI
30 Days	3.67%	2.57%
60 Days	4.58%	4.02%
90 Days	6.53%	5.68%
12 Months	29.67%	22.34%

468 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SPYI	Overlap
	A	D	0.05%	0.08%	0.05%
	AAPL	C	4.35%	6.82%	4.35%
	ABBV	D	0.49%	0.61%	0.49%
	ABT	B	0.34%	0.46%	0.34%
	ACGL	D	0.03%	0.08%	0.03%
	ACN	C	0.36%	0.5%	0.36%
	ADBE	C	0.2%	0.5%	0.2%
	ADI	D	0.13%	0.25%	0.13%
	ADM	D	0.21%	0.06%	0.06%
	ADP	B	0.15%	0.25%	0.15%
	ADSK	A	0.03%	0.13%	0.03%
	AEE	A	0.07%	0.04%	0.04%
	AEP	D	0.16%	0.11%	0.11%
	AES	F	0.05%	0.02%	0.02%
	AFL	B	0.21%	0.13%	0.13%
	AIG	B	0.28%	0.12%	0.12%
	AIZ	A	0.03%	0.01%	0.01%
	AJG	B	0.05%	0.12%	0.05%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.01%	0.01%
	ALL	A	0.27%	0.08%	0.08%
	ALLE	D	0.01%	0.01%	0.01%
	AMAT	F	0.24%	0.33%	0.24%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.09%	0.51%	0.09%
	AME	A	0.05%	0.08%	0.05%
	AMGN	D	0.39%	0.34%	0.34%
	AMP	A	0.15%	0.12%	0.12%
	AMT	D	0.11%	0.2%	0.11%
	AMZN	C	1.56%	3.87%	1.56%
	ANET	C	0.04%	0.16%	0.04%
	ANSS	B	0.02%	0.07%	0.02%
	AON	A	0.13%	0.16%	0.13%
	AOS	F	0.02%	0.0%	0.0%
	APA	D	0.03%	0.01%	0.01%
	APD	A	0.13%	0.14%	0.13%
	APH	A	0.09%	0.19%	0.09%
	APTV	D	0.02%	0.02%	0.02%
	ARE	D	0.03%	0.02%	0.02%
	ATO	A	0.04%	0.03%	0.03%
	AVB	B	0.05%	0.05%	0.05%
	AVGO	D	0.61%	1.48%	0.61%
	AVY	D	0.04%	0.01%	0.01%
	AWK	D	0.04%	0.03%	0.03%
	AXP	A	0.36%	0.35%	0.35%
	AZO	C	0.06%	0.03%	0.03%
	BA	F	0.11%	0.18%	0.11%
	BAC	A	1.3%	0.65%	0.65%
	BALL	D	0.06%	0.04%	0.04%
	BAX	D	0.07%	0.04%	0.04%
	BBY	D	0.16%	0.02%	0.02%
	BDX	F	0.11%	0.14%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	F	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.04%	0.04%
	BK	A	0.26%	0.14%	0.14%
	BKNG	A	0.24%	0.11%	0.11%
	BKR	B	0.16%	0.1%	0.1%
	BLDR	D	0.06%	0.04%	0.04%
	BLK	C	0.28%	0.23%	0.23%
	BMY	B	0.45%	0.27%	0.27%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	B	2.17%	1.78%	1.78%
	BRO	B	0.02%	0.05%	0.02%
	BSX	B	0.09%	0.3%	0.09%
	BWA	D	0.05%	0.01%	0.01%
	BX	A	0.13%	0.29%	0.13%
	BXP	D	0.05%	0.02%	0.02%
	C	A	1.1%	0.31%	0.31%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.07%	0.05%	0.05%
	CARR	D	0.12%	0.15%	0.12%
	CAT	B	0.41%	0.45%	0.41%
	CB	C	0.26%	0.23%	0.23%
	CBOE	B	0.01%	0.04%	0.01%
	CBRE	B	0.13%	0.08%	0.08%
	CCI	D	0.09%	0.1%	0.09%
	CCL	B	0.06%	0.06%	0.06%
	CDNS	B	0.03%	0.18%	0.03%
	CDW	F	0.04%	0.04%	0.04%
	CE	F	0.03%	0.0%	0.0%
	CEG	D	0.1%	0.15%	0.1%
	CF	B	0.07%	0.02%	0.02%
	CFG	B	0.1%	0.05%	0.05%
	CHD	B	0.04%	0.05%	0.04%
	CHRW	C	0.08%	0.0%	0.0%
	CHTR	C	0.35%	0.08%	0.08%
	CI	F	0.48%	0.2%	0.2%
	CINF	A	0.07%	0.04%	0.04%
	CL	D	0.13%	0.17%	0.13%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.83%	0.4%	0.4%
	CME	A	0.08%	0.18%	0.08%
	CMG	B	0.04%	0.07%	0.04%
	CMI	A	0.19%	0.08%	0.08%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.19%	0.07%	0.07%
	CNP	B	0.06%	0.04%	0.04%
	COF	B	0.48%	0.15%	0.15%
	COP	C	0.48%	0.31%	0.31%
	COR	B	0.02%	0.06%	0.02%
	COST	B	0.66%	0.83%	0.66%
	CPAY	A	0.06%	0.02%	0.02%
	CPB	D	0.03%	0.01%	0.01%
	CPRT	A	0.03%	0.11%	0.03%
	CPT	B	0.02%	0.01%	0.01%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.15%	0.71%	0.15%
	CSCO	B	0.82%	0.55%	0.55%
	CSX	B	0.22%	0.16%	0.16%
	CTAS	B	0.08%	0.17%	0.08%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	B	0.03%	0.05%	0.03%
	CTSH	B	0.19%	0.09%	0.09%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	D	0.68%	0.17%	0.17%
	CVX	A	1.25%	0.57%	0.57%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.17%	0.11%	0.11%
	DAL	C	0.03%	0.09%	0.03%
	DD	D	0.17%	0.08%	0.08%
	DE	A	0.23%	0.24%	0.23%
	DECK	A	0.03%	0.02%	0.02%
	DELL	C	0.03%	0.08%	0.03%
	DFS	B	0.26%	0.1%	0.1%
	DG	F	0.08%	0.03%	0.03%
	DGX	A	0.07%	0.01%	0.01%
	DHI	D	0.16%	0.1%	0.1%
	DHR	F	0.15%	0.33%	0.15%
	DIS	B	0.45%	0.49%	0.45%
	DLR	B	0.08%	0.11%	0.08%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.18%	0.07%	0.07%
	DPZ	C	0.03%	0.01%	0.01%
	DRI	B	0.05%	0.04%	0.04%
	DTE	C	0.07%	0.05%	0.05%
	DUK	C	0.3%	0.2%	0.2%
	DVA	B	0.06%	0.0%	0.0%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.09%	0.07%	0.07%
	EBAY	D	0.17%	0.07%	0.07%
	ECL	D	0.08%	0.1%	0.08%
	ED	D	0.12%	0.08%	0.08%
	EFX	F	0.03%	0.05%	0.03%
	EG	C	0.02%	0.01%	0.01%
	EIX	B	0.1%	0.07%	0.07%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.36%	0.17%	0.17%
	EMN	D	0.08%	0.0%	0.0%
	EMR	A	0.17%	0.16%	0.16%
	EOG	A	0.23%	0.19%	0.19%
	EPAM	C	0.02%	0.01%	0.01%
	EQIX	A	0.08%	0.18%	0.08%
	EQR	B	0.05%	0.06%	0.05%
	EQT	B	0.04%	0.04%	0.04%
	ES	D	0.08%	0.05%	0.05%
	ESS	B	0.03%	0.01%	0.01%
	ETN	A	0.23%	0.29%	0.23%
	ETR	B	0.12%	0.06%	0.06%
	EVRG	A	0.07%	0.03%	0.03%
	EW	C	0.04%	0.1%	0.04%
	EXC	C	0.17%	0.09%	0.09%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.03%	0.07%	0.03%
	F	C	0.33%	0.1%	0.1%
	FANG	D	0.05%	0.04%	0.04%
	FAST	B	0.07%	0.1%	0.07%
	FCX	D	0.14%	0.15%	0.14%
	FDX	B	0.32%	0.12%	0.12%
	FE	C	0.09%	0.05%	0.05%
	FFIV	B	0.03%	0.01%	0.01%
	FI	A	0.13%	0.3%	0.13%
	FIS	C	0.12%	0.12%	0.12%
	FITB	A	0.13%	0.07%	0.07%
	FMC	D	0.03%	0.0%	0.0%
	FOXA	B	0.1%	0.02%	0.02%
	FSLR	F	0.01%	0.04%	0.01%
	FTNT	C	0.03%	0.13%	0.03%
	FTV	C	0.03%	0.06%	0.03%
	GD	F	0.21%	0.12%	0.12%
	GDDY	A	0.03%	0.05%	0.03%
	GE	D	0.15%	0.45%	0.15%
	GEHC	F	0.09%	0.07%	0.07%
	GEN	B	0.04%	0.04%	0.04%
	GEV	B	0.04%	0.21%	0.04%
	GILD	C	0.37%	0.26%	0.26%
	GIS	D	0.11%	0.09%	0.09%
	GL	B	0.03%	0.0%	0.0%
	GLW	B	0.14%	0.08%	0.08%
	GM	B	0.79%	0.17%	0.17%
	GNRC	B	0.02%	0.01%	0.01%
	GOOG	C	1.14%	1.8%	1.14%
	GOOGL	C	1.33%	2.1%	1.33%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.09%	0.07%	0.07%
	GRMN	B	0.03%	0.05%	0.03%
	GS	A	0.62%	0.36%	0.36%
	GWW	B	0.08%	0.03%	0.03%
	HAL	C	0.06%	0.06%	0.06%
	HAS	D	0.03%	0.01%	0.01%
	HBAN	A	0.08%	0.06%	0.06%
	HCA	F	0.2%	0.14%	0.14%
	HD	A	0.8%	0.82%	0.8%
	HES	B	0.06%	0.09%	0.06%
	HIG	B	0.14%	0.07%	0.07%
	HII	D	0.03%	0.0%	0.0%
	HLT	A	0.06%	0.15%	0.06%
	HOLX	D	0.04%	0.03%	0.03%
	HON	B	0.37%	0.32%	0.32%
	HPE	B	0.21%	0.06%	0.06%
	HPQ	B	0.21%	0.07%	0.07%
	HRL	D	0.03%	0.02%	0.02%
	HSIC	B	0.04%	0.0%	0.0%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.04%	0.04%
	HUBB	B	0.03%	0.01%	0.01%
	HUM	C	0.19%	0.06%	0.06%
	HWM	A	0.07%	0.1%	0.07%
	IBM	C	0.54%	0.46%	0.46%
	ICE	C	0.11%	0.19%	0.11%
	IDXX	F	0.02%	0.02%	0.02%
	IEX	B	0.03%	0.01%	0.01%
	IFF	D	0.05%	0.04%	0.04%
	INTC	D	0.89%	0.24%	0.24%
	INTU	C	0.11%	0.39%	0.11%
	INVH	D	0.03%	0.04%	0.03%
	IP	B	0.17%	0.05%	0.05%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.07%	0.08%	0.07%
	IR	B	0.03%	0.08%	0.03%
	IRM	D	0.06%	0.07%	0.06%
	ISRG	A	0.09%	0.43%	0.09%
	IT	C	0.03%	0.02%	0.02%
	ITW	B	0.15%	0.16%	0.15%
	IVZ	B	0.05%	0.02%	0.02%
	J	F	0.05%	0.03%	0.03%
	JBHT	C	0.05%	0.01%	0.01%
	JBL	B	0.06%	0.03%	0.03%
	JCI	C	0.16%	0.13%	0.13%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	D	0.89%	0.78%	0.78%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.03%	1.39%	1.39%
	K	A	0.07%	0.03%	0.03%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.1%	0.04%	0.04%
	KEYS	A	0.04%	0.04%	0.04%
	KHC	F	0.09%	0.05%	0.05%
	KIM	A	0.03%	0.03%	0.03%
	KKR	A	0.12%	0.19%	0.12%
	KLAC	D	0.08%	0.14%	0.08%
	KMB	D	0.1%	0.08%	0.08%
	KMI	A	0.23%	0.13%	0.13%
	KMX	B	0.06%	0.02%	0.02%
	KO	D	0.35%	0.5%	0.35%
	KR	B	0.3%	0.08%	0.08%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.02%	0.02%
	LDOS	C	0.07%	0.04%	0.04%
	LEN	D	0.16%	0.07%	0.07%
	LH	C	0.09%	0.01%	0.01%
	LHX	C	0.16%	0.1%	0.1%
	LIN	D	0.33%	0.46%	0.33%
	LKQ	D	0.05%	0.02%	0.02%
	LLY	F	0.2%	1.24%	0.2%
	LMT	D	0.37%	0.23%	0.23%
	LNT	A	0.04%	0.03%	0.03%
	LOW	D	0.43%	0.32%	0.32%
	LRCX	F	0.15%	0.16%	0.15%
	LULU	C	0.01%	0.07%	0.01%
	LUV	C	0.02%	0.04%	0.02%
	LVS	C	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.14%	0.04%	0.04%
	MA	C	0.29%	0.89%	0.29%
	MAA	B	0.03%	0.03%	0.03%
	MAR	B	0.09%	0.12%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.34%	0.46%	0.34%
	MCHP	D	0.05%	0.08%	0.05%
	MCK	B	0.11%	0.14%	0.11%
	MCO	B	0.07%	0.11%	0.07%
	MDLZ	F	0.2%	0.2%	0.2%
	MDT	D	0.16%	0.26%	0.16%
	MET	A	0.26%	0.11%	0.11%
	META	D	1.79%	2.55%	1.79%
	MGM	D	0.06%	0.02%	0.02%
	MHK	D	0.06%	0.0%	0.0%
	MKC	D	0.03%	0.03%	0.03%
	MLM	B	0.04%	0.02%	0.02%
	MMC	B	0.14%	0.23%	0.14%
	MMM	D	0.35%	0.15%	0.15%
	MNST	C	0.05%	0.09%	0.05%
	MO	A	0.37%	0.23%	0.23%
	MOH	F	0.05%	0.01%	0.01%
	MOS	F	0.06%	0.02%	0.02%
	MPC	D	0.4%	0.13%	0.13%
	MRK	F	0.42%	0.57%	0.42%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.09%	0.04%	0.04%
	MS	A	0.46%	0.39%	0.39%
	MSCI	C	0.03%	0.02%	0.02%
	MSFT	F	2.43%	6.28%	2.43%
	MSI	B	0.07%	0.12%	0.07%
	MTB	A	0.11%	0.05%	0.05%
	MTD	D	0.03%	0.02%	0.02%
	MU	D	0.38%	0.25%	0.25%
	NDAQ	A	0.03%	0.06%	0.03%
	NDSN	B	0.02%	0.01%	0.01%
	NEE	D	0.24%	0.36%	0.24%
	NEM	D	0.13%	0.11%	0.11%
	NFLX	A	0.17%	0.75%	0.17%
	NI	A	0.05%	0.03%	0.03%
	NKE	D	0.19%	0.2%	0.19%
	NOC	D	0.2%	0.11%	0.11%
	NOW	A	0.01%	0.42%	0.01%
	NRG	B	0.1%	0.04%	0.04%
	NSC	B	0.21%	0.11%	0.11%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.19%	0.06%	0.06%
	NVDA	C	0.4%	7.22%	0.4%
	NVR	D	0.08%	0.02%	0.02%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	D	0.05%	0.13%	0.05%
	O	D	0.04%	0.08%	0.04%
	ODFL	B	0.06%	0.09%	0.06%
	OKE	A	0.14%	0.15%	0.14%
	OMC	C	0.08%	0.02%	0.02%
	ON	D	0.04%	0.07%	0.04%
	ORCL	B	0.5%	0.62%	0.5%
	ORLY	B	0.11%	0.04%	0.04%
	OTIS	C	0.05%	0.08%	0.05%
	OXY	D	0.11%	0.07%	0.07%
	PANW	C	0.03%	0.24%	0.03%
	PARA	C	0.11%	0.01%	0.01%
	PAYX	C	0.06%	0.09%	0.06%
	PCAR	B	0.15%	0.13%	0.13%
	PCG	A	0.03%	0.1%	0.03%
	PEG	A	0.11%	0.11%	0.11%
	PEP	F	0.41%	0.5%	0.41%
	PFE	D	0.68%	0.33%	0.33%
	PFG	D	0.09%	0.04%	0.04%
	PG	A	0.77%	0.84%	0.77%
	PGR	A	0.23%	0.35%	0.23%
	PH	A	0.13%	0.15%	0.13%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.07%	0.01%	0.01%
	PLD	D	0.07%	0.25%	0.07%
	PM	B	0.48%	0.46%	0.46%
	PNC	B	0.3%	0.17%	0.17%
	PNR	A	0.04%	0.02%	0.02%
	PNW	B	0.04%	0.0%	0.0%
	POOL	C	0.02%	0.01%	0.01%
	PPG	F	0.08%	0.05%	0.05%
	PPL	B	0.11%	0.05%	0.05%
	PRU	A	0.22%	0.1%	0.1%
	PSA	D	0.05%	0.08%	0.05%
	PSX	C	0.36%	0.13%	0.13%
	PWR	A	0.07%	0.08%	0.07%
	PYPL	B	0.22%	0.21%	0.21%
	QCOM	F	0.43%	0.39%	0.39%
	QRVO	F	0.03%	0.0%	0.0%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.15%	0.1%
	RF	A	0.09%	0.06%	0.06%
	RJF	A	0.05%	0.07%	0.05%
	RL	B	0.03%	0.0%	0.0%
	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%	0.09%	0.07%
	RSG	A	0.06%	0.09%	0.06%
	RTX	C	0.34%	0.33%	0.33%
	RVTY	F	0.03%	0.0%	0.0%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.28%	0.25%	0.25%
	SCHW	B	0.13%	0.27%	0.13%
	SHW	A	0.08%	0.16%	0.08%
	SJM	D	0.05%	0.0%	0.0%
	SLB	C	0.12%	0.14%	0.12%
	SNA	A	0.06%	0.01%	0.01%
	SNPS	B	0.03%	0.13%	0.03%
	SO	D	0.26%	0.22%	0.22%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	B	0.1%	0.11%	0.1%
	SPGI	C	0.15%	0.31%	0.15%
	SRE	A	0.13%	0.13%	0.13%
	STE	F	0.03%	0.04%	0.03%
	STLD	B	0.11%	0.03%	0.03%
	STT	A	0.1%	0.06%	0.06%
	STX	D	0.09%	0.02%	0.02%
	STZ	D	0.07%	0.06%	0.06%
	SW	A	0.09%	0.02%	0.02%
	SWK	D	0.07%	0.02%	0.02%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.34%	0.06%	0.06%
	SYK	C	0.13%	0.3%	0.13%
	SYY	B	0.1%	0.09%	0.09%
	T	A	1.27%	0.38%	0.38%
	TAP	C	0.05%	0.01%	0.01%
	TDG	D	0.06%	0.04%	0.04%
	TDY	B	0.03%	0.01%	0.01%
	TER	D	0.04%	0.02%	0.02%
	TFC	A	0.23%	0.14%	0.14%
	TFX	F	0.02%	0.01%	0.01%
	TGT	F	0.38%	0.12%	0.12%
	TJX	A	0.22%	0.31%	0.22%
	TMO	F	0.25%	0.42%	0.25%
	TMUS	B	0.25%	0.28%	0.25%
	TPR	B	0.05%	0.02%	0.02%
	TRGP	B	0.07%	0.09%	0.07%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	B	0.13%	0.05%	0.05%
	TRV	B	0.31%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	0.28%	1.91%	0.28%
	TSN	B	0.2%	0.04%	0.04%
	TT	A	0.06%	0.18%	0.06%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	C	0.34%	0.39%	0.34%
	TXT	D	0.06%	0.03%	0.03%
	UBER	D	0.04%	0.33%	0.04%
	UDR	B	0.02%	0.03%	0.02%
	UHS	D	0.08%	0.01%	0.01%
	ULTA	F	0.03%	0.01%	0.01%
	UNH	C	1.22%	1.17%	1.17%
	UNP	C	0.35%	0.32%	0.32%
	UPS	C	0.28%	0.21%	0.21%
	URI	B	0.13%	0.03%	0.03%
	USB	A	0.32%	0.18%	0.18%
	V	A	0.36%	1.02%	0.36%
	VICI	C	0.02%	0.08%	0.02%
	VLO	C	0.39%	0.11%	0.11%
	VMC	B	0.05%	0.06%	0.05%
	VRSK	A	0.04%	0.07%	0.04%
	VRSN	F	0.01%	0.01%	0.01%
	VRTX	F	0.07%	0.27%	0.07%
	VST	B	0.16%	0.11%	0.11%
	VTR	C	0.08%	0.05%	0.05%
	VTRS	A	0.1%	0.04%	0.04%
	VZ	C	1.13%	0.42%	0.42%
	WAB	B	0.06%	0.05%	0.05%
	WAT	B	0.04%	0.01%	0.01%
	WBA	F	0.17%	0.01%	0.01%
	WBD	C	0.08%	0.05%	0.05%
	WDC	D	0.12%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.1%	0.16%	0.1%
	WFC	A	1.35%	0.51%	0.51%
	WM	A	0.15%	0.17%	0.15%
	WMB	A	0.17%	0.16%	0.16%
	WMT	A	1.47%	0.77%	0.77%
	WRB	A	0.03%	0.04%	0.03%
	WST	C	0.02%	0.01%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.09%	0.05%	0.05%
	XEL	A	0.12%	0.08%	0.08%
	XOM	B	1.99%	1.13%	1.13%
	XYL	D	0.03%	0.05%	0.03%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.01%	0.01%
	ZTS	D	0.07%	0.18%	0.07%

FNDX Overweight 253 Positions Relative to SPYI

	Symbol	Grade	Weight
	LUMN	C	0.65%
	ALLY	C	0.1%
	RS	B	0.09%
	ARW	D	0.08%
	USFD	A	0.08%
	WHR	B	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	OC	A	0.07%
	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%
	OVV	B	0.06%
	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%
	LNG	B	0.06%
	FLEX	A	0.06%
	PFGC	B	0.06%
	EME	C	0.06%
	FNF	B	0.06%
	KSS	F	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	AN	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%
	SFM	A	0.05%
	BFH	B	0.05%
	LNC	B	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%
	ZIM	C	0.04%
	UFPI	B	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CNO	A	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	DKS	C	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%
	LPLA	A	0.04%
	PVH	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	B	0.04%
	WSM	B	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	MRVL	B	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%
	GNTX	C	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	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%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	APO	B	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	ARMK	B	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	AGCO	D	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%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	BAH	F	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	MLI	C	0.03%
	WLK	D	0.02%
	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%
	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%
	OI	C	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	ASGN	F	0.02%
	NAVI	C	0.02%
	SM	B	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%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	PENN	C	0.02%
	HOG	D	0.02%
	NOV	C	0.02%
	DCI	B	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%
	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%
	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%
	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%
	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 31 Positions Relative to SPYI

	Symbol	Grade	Weight
	PLTR	B	-0.26%
	CRWD	B	-0.15%
	ABNB	C	-0.13%
	RCL	A	-0.1%
	UAL	A	-0.06%
	DXCM	D	-0.06%
	CSGP	D	-0.06%
	PTC	A	-0.04%
	VLTO	D	-0.04%
	NCLH	B	-0.03%
	AXON	A	-0.03%
	LYV	A	-0.03%
	FICO	B	-0.03%
	TYL	B	-0.02%
	TECH	D	-0.02%
	MPWR	F	-0.02%
	INCY	C	-0.02%
	DAY	B	-0.02%
	MTCH	D	-0.02%
	ERIE	D	-0.02%
	ROL	B	-0.02%
	MKTX	D	-0.01%
	PAYC	B	-0.01%
	FOX	A	-0.01%
	FDS	B	-0.01%
	PODD	C	-0.01%
	SMCI	F	-0.01%
	ENPH	F	-0.01%
	NWS	B	-0.0%
	WYNN	D	-0.0%
	FRT	B	-0.0%

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

SPYI: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank