FNDX vs. SSO ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to ProShares Ultra S&P500 (SSO)

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

$24.82

Average Daily Volume

1,164,841

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.92

Average Daily Volume

2,118,139

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SSO
30 Days	3.67%	5.41%
60 Days	4.58%	7.88%
90 Days	6.53%	10.71%
12 Months	29.67%	62.05%

468 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in SSO	Overlap
A	D	0.05%	0.05%	0.05%
AAPL	C	4.35%	4.58%	4.35%
ABBV	D	0.49%	0.39%	0.39%
ABT	B	0.34%	0.27%	0.27%
ACGL	D	0.03%	0.05%	0.03%
ACN	C	0.36%	0.3%	0.3%
ADBE	C	0.2%	0.3%	0.2%
ADI	D	0.13%	0.14%	0.13%
ADM	D	0.21%	0.03%	0.03%
ADP	B	0.15%	0.16%	0.15%
ADSK	A	0.03%	0.09%	0.03%
AEE	A	0.07%	0.03%	0.03%
AEP	D	0.16%	0.07%	0.07%
AES	F	0.05%	0.01%	0.01%
AFL	B	0.21%	0.08%	0.08%
AIG	B	0.28%	0.07%	0.07%
AIZ	A	0.03%	0.02%	0.02%
AJG	B	0.05%	0.09%	0.05%
AKAM	D	0.03%	0.02%	0.02%
ALB	C	0.03%	0.02%	0.02%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.27%	0.07%	0.07%
ALLE	D	0.01%	0.02%	0.01%
AMAT	F	0.24%	0.19%	0.19%
AMCR	D	0.03%	0.02%	0.02%
AMD	F	0.09%	0.29%	0.09%
AME	A	0.05%	0.06%	0.05%
AMGN	D	0.39%	0.2%	0.2%
AMP	A	0.15%	0.07%	0.07%
AMT	D	0.11%	0.12%	0.11%
AMZN	C	1.56%	2.53%	1.56%
ANET	C	0.04%	0.13%	0.04%
ANSS	B	0.02%	0.04%	0.02%
AON	A	0.13%	0.11%	0.11%
AOS	F	0.02%	0.01%	0.01%
APA	D	0.03%	0.01%	0.01%
APD	A	0.13%	0.09%	0.09%
APH	A	0.09%	0.11%	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%	0.04%	0.04%
AVGO	D	0.61%	1.03%	0.61%
AVY	D	0.04%	0.02%	0.02%
AWK	D	0.04%	0.03%	0.03%
AXP	A	0.36%	0.22%	0.22%
AZO	C	0.06%	0.07%	0.06%
BA	F	0.11%	0.14%	0.11%
BAC	A	1.3%	0.42%	0.42%
BALL	D	0.06%	0.02%	0.02%
BAX	D	0.07%	0.02%	0.02%
BBY	D	0.16%	0.02%	0.02%
BDX	F	0.11%	0.09%	0.09%
BEN	C	0.04%	0.01%	0.01%
BG	F	0.1%	0.02%	0.02%
BIIB	F	0.09%	0.03%	0.03%
BK	A	0.26%	0.08%	0.08%
BKNG	A	0.24%	0.22%	0.22%
BKR	B	0.16%	0.06%	0.06%
BLDR	D	0.06%	0.03%	0.03%
BLK	C	0.28%	0.2%	0.2%
BMY	B	0.45%	0.15%	0.15%
BR	A	0.03%	0.04%	0.03%
BRK.A	B	2.17%	1.15%	1.15%
BRO	B	0.02%	0.03%	0.02%
BSX	B	0.09%	0.17%	0.09%
BWA	D	0.05%	0.01%	0.01%
BX	A	0.13%	0.17%	0.13%
BXP	D	0.05%	0.02%	0.02%
C	A	1.1%	0.18%	0.18%
CAG	D	0.06%	0.02%	0.02%
CAH	B	0.07%	0.04%	0.04%
CARR	D	0.12%	0.08%	0.08%
CAT	B	0.41%	0.25%	0.25%
CB	C	0.26%	0.14%	0.14%
CBOE	B	0.01%	0.03%	0.01%
CBRE	B	0.13%	0.05%	0.05%
CCI	D	0.09%	0.06%	0.06%
CCL	B	0.06%	0.03%	0.03%
CDNS	B	0.03%	0.11%	0.03%
CDW	F	0.04%	0.03%	0.03%
CE	F	0.03%	0.01%	0.01%
CEG	D	0.1%	0.09%	0.09%
CF	B	0.07%	0.02%	0.02%
CFG	B	0.1%	0.03%	0.03%
CHD	B	0.04%	0.04%	0.04%
CHRW	C	0.08%	0.02%	0.02%
CHTR	C	0.35%	0.05%	0.05%
CI	F	0.48%	0.12%	0.12%
CINF	A	0.07%	0.03%	0.03%
CL	D	0.13%	0.1%	0.1%
CLX	B	0.04%	0.03%	0.03%
CMCSA	B	0.83%	0.22%	0.22%
CME	A	0.08%	0.11%	0.08%
CMG	B	0.04%	0.11%	0.04%
CMI	A	0.19%	0.07%	0.07%
CMS	C	0.06%	0.03%	0.03%
CNC	D	0.19%	0.04%	0.04%
CNP	B	0.06%	0.03%	0.03%
COF	B	0.48%	0.09%	0.09%
COP	C	0.48%	0.17%	0.17%
COR	B	0.02%	0.06%	0.02%
COST	B	0.66%	0.54%	0.54%
CPAY	A	0.06%	0.03%	0.03%
CPB	D	0.03%	0.01%	0.01%
CPRT	A	0.03%	0.07%	0.03%
CPT	B	0.02%	0.02%	0.02%
CRL	C	0.01%	0.01%	0.01%
CRM	B	0.15%	0.42%	0.15%
CSCO	B	0.82%	0.31%	0.31%
CSX	B	0.22%	0.09%	0.09%
CTAS	B	0.08%	0.1%	0.08%
CTLT	B	0.02%	0.01%	0.01%
CTRA	B	0.03%	0.03%	0.03%
CTSH	B	0.19%	0.05%	0.05%
CTVA	C	0.09%	0.05%	0.05%
CVS	D	0.68%	0.09%	0.09%
CVX	A	1.25%	0.37%	0.37%
CZR	F	0.02%	0.01%	0.01%
D	C	0.17%	0.06%	0.06%
DAL	C	0.03%	0.05%	0.03%
DD	D	0.17%	0.05%	0.05%
DE	A	0.23%	0.14%	0.14%
DECK	A	0.03%	0.04%	0.03%
DELL	C	0.03%	0.05%	0.03%
DFS	B	0.26%	0.06%	0.06%
DG	F	0.08%	0.02%	0.02%
DGX	A	0.07%	0.02%	0.02%
DHI	D	0.16%	0.06%	0.06%
DHR	F	0.15%	0.2%	0.15%
DIS	B	0.45%	0.28%	0.28%
DLR	B	0.08%	0.07%	0.07%
DLTR	F	0.05%	0.02%	0.02%
DOC	D	0.03%	0.02%	0.02%
DOV	A	0.06%	0.04%	0.04%
DOW	F	0.18%	0.04%	0.04%
DPZ	C	0.03%	0.02%	0.02%
DRI	B	0.05%	0.03%	0.03%
DTE	C	0.07%	0.03%	0.03%
DUK	C	0.3%	0.12%	0.12%
DVA	B	0.06%	0.01%	0.01%
DVN	F	0.09%	0.03%	0.03%
EA	A	0.09%	0.05%	0.05%
EBAY	D	0.17%	0.04%	0.04%
ECL	D	0.08%	0.08%	0.08%
ED	D	0.12%	0.04%	0.04%
EFX	F	0.03%	0.04%	0.03%
EG	C	0.02%	0.02%	0.02%
EIX	B	0.1%	0.04%	0.04%
EL	F	0.03%	0.02%	0.02%
ELV	F	0.36%	0.12%	0.12%
EMN	D	0.08%	0.02%	0.02%
EMR	A	0.17%	0.1%	0.1%
EOG	A	0.23%	0.1%	0.1%
EPAM	C	0.02%	0.02%	0.02%
EQIX	A	0.08%	0.11%	0.08%
EQR	B	0.05%	0.03%	0.03%
EQT	B	0.04%	0.03%	0.03%
ES	D	0.08%	0.03%	0.03%
ESS	B	0.03%	0.03%	0.03%
ETN	A	0.23%	0.19%	0.19%
ETR	B	0.12%	0.04%	0.04%
EVRG	A	0.07%	0.02%	0.02%
EW	C	0.04%	0.05%	0.04%
EXC	C	0.17%	0.05%	0.05%
EXPD	D	0.04%	0.02%	0.02%
EXPE	B	0.04%	0.03%	0.03%
EXR	D	0.03%	0.05%	0.03%
F	C	0.33%	0.06%	0.06%
FANG	D	0.05%	0.04%	0.04%
FAST	B	0.07%	0.06%	0.06%
FCX	D	0.14%	0.08%	0.08%
FDX	B	0.32%	0.09%	0.09%
FE	C	0.09%	0.03%	0.03%
FFIV	B	0.03%	0.02%	0.02%
FI	A	0.13%	0.16%	0.13%
FIS	C	0.12%	0.06%	0.06%
FITB	A	0.13%	0.04%	0.04%
FMC	D	0.03%	0.01%	0.01%
FOXA	B	0.1%	0.01%	0.01%
FSLR	F	0.01%	0.03%	0.01%
FTNT	C	0.03%	0.08%	0.03%
FTV	C	0.03%	0.04%	0.03%
GD	F	0.21%	0.1%	0.1%
GDDY	A	0.03%	0.03%	0.03%
GE	D	0.15%	0.26%	0.15%
GEHC	F	0.09%	0.05%	0.05%
GEN	B	0.04%	0.02%	0.02%
GEV	B	0.04%	0.12%	0.04%
GILD	C	0.37%	0.15%	0.15%
GIS	D	0.11%	0.05%	0.05%
GL	B	0.03%	0.01%	0.01%
GLW	B	0.14%	0.05%	0.05%
GM	B	0.79%	0.09%	0.09%
GNRC	B	0.02%	0.01%	0.01%
GOOG	C	1.14%	1.12%	1.12%
GOOGL	C	1.33%	1.35%	1.33%
GPC	D	0.05%	0.02%	0.02%
GPN	B	0.09%	0.04%	0.04%
GRMN	B	0.03%	0.04%	0.03%
GS	A	0.62%	0.25%	0.25%
GWW	B	0.08%	0.07%	0.07%
HAL	C	0.06%	0.04%	0.04%
HAS	D	0.03%	0.01%	0.01%
HBAN	A	0.08%	0.03%	0.03%
HCA	F	0.2%	0.09%	0.09%
HD	A	0.8%	0.54%	0.54%
HES	B	0.06%	0.05%	0.05%
HIG	B	0.14%	0.05%	0.05%
HII	D	0.03%	0.01%	0.01%
HLT	A	0.06%	0.08%	0.06%
HOLX	D	0.04%	0.02%	0.02%
HON	B	0.37%	0.2%	0.2%
HPE	B	0.21%	0.04%	0.04%
HPQ	B	0.21%	0.05%	0.05%
HRL	D	0.03%	0.01%	0.01%
HSIC	B	0.04%	0.01%	0.01%
HST	C	0.04%	0.02%	0.02%
HSY	F	0.04%	0.03%	0.03%
HUBB	B	0.03%	0.03%	0.03%
HUM	C	0.19%	0.04%	0.04%
HWM	A	0.07%	0.06%	0.06%
IBM	C	0.54%	0.25%	0.25%
ICE	C	0.11%	0.12%	0.11%
IDXX	F	0.02%	0.05%	0.02%
IEX	B	0.03%	0.02%	0.02%
IFF	D	0.05%	0.03%	0.03%
INTC	D	0.89%	0.14%	0.14%
INTU	C	0.11%	0.26%	0.11%
INVH	D	0.03%	0.03%	0.03%
IP	B	0.17%	0.03%	0.03%
IPG	D	0.04%	0.01%	0.01%
IQV	D	0.07%	0.04%	0.04%
IR	B	0.03%	0.06%	0.03%
IRM	D	0.06%	0.05%	0.05%
ISRG	A	0.09%	0.25%	0.09%
IT	C	0.03%	0.05%	0.03%
ITW	B	0.15%	0.1%	0.1%
IVZ	B	0.05%	0.01%	0.01%
J	F	0.05%	0.02%	0.02%
JBHT	C	0.05%	0.02%	0.02%
JBL	B	0.06%	0.02%	0.02%
JCI	C	0.16%	0.08%	0.08%
JKHY	D	0.02%	0.02%	0.02%
JNJ	D	0.89%	0.5%	0.5%
JNPR	F	0.05%	0.02%	0.02%
JPM	A	2.03%	0.93%	0.93%
K	A	0.07%	0.03%	0.03%
KDP	D	0.07%	0.04%	0.04%
KEY	B	0.1%	0.02%	0.02%
KEYS	A	0.04%	0.03%	0.03%
KHC	F	0.09%	0.04%	0.04%
KIM	A	0.03%	0.02%	0.02%
KKR	A	0.12%	0.14%	0.12%
KLAC	D	0.08%	0.11%	0.08%
KMB	D	0.1%	0.06%	0.06%
KMI	A	0.23%	0.07%	0.07%
KMX	B	0.06%	0.02%	0.02%
KO	D	0.35%	0.32%	0.32%
KR	B	0.3%	0.05%	0.05%
KVUE	A	0.05%	0.06%	0.05%
L	A	0.05%	0.02%	0.02%
LDOS	C	0.07%	0.03%	0.03%
LEN	D	0.16%	0.05%	0.05%
LH	C	0.09%	0.03%	0.03%
LHX	C	0.16%	0.06%	0.06%
LIN	D	0.33%	0.29%	0.29%
LKQ	D	0.05%	0.01%	0.01%
LLY	F	0.2%	0.79%	0.2%
LMT	D	0.37%	0.15%	0.15%
LNT	A	0.04%	0.02%	0.02%
LOW	D	0.43%	0.21%	0.21%
LRCX	F	0.15%	0.12%	0.12%
LULU	C	0.01%	0.05%	0.01%
LUV	C	0.02%	0.03%	0.02%
LVS	C	0.04%	0.02%	0.02%
LW	C	0.02%	0.01%	0.01%
LYB	F	0.14%	0.03%	0.03%
MA	C	0.29%	0.58%	0.29%
MAA	B	0.03%	0.02%	0.02%
MAR	B	0.09%	0.09%	0.09%
MAS	D	0.05%	0.02%	0.02%
MCD	D	0.34%	0.28%	0.28%
MCHP	D	0.05%	0.05%	0.05%
MCK	B	0.11%	0.11%	0.11%
MCO	B	0.07%	0.1%	0.07%
MDLZ	F	0.2%	0.12%	0.12%
MDT	D	0.16%	0.15%	0.15%
MET	A	0.26%	0.07%	0.07%
META	D	1.79%	1.62%	1.62%
MGM	D	0.06%	0.01%	0.01%
MHK	D	0.06%	0.01%	0.01%
MKC	D	0.03%	0.02%	0.02%
MLM	B	0.04%	0.05%	0.04%
MMC	B	0.14%	0.15%	0.14%
MMM	D	0.35%	0.1%	0.1%
MNST	C	0.05%	0.05%	0.05%
MO	A	0.37%	0.13%	0.13%
MOH	F	0.05%	0.02%	0.02%
MOS	F	0.06%	0.01%	0.01%
MPC	D	0.4%	0.07%	0.07%
MRK	F	0.42%	0.33%	0.33%
MRNA	F	0.03%	0.02%	0.02%
MRO	B	0.09%	0.02%	0.02%
MS	A	0.46%	0.22%	0.22%
MSCI	C	0.03%	0.06%	0.03%
MSFT	F	2.43%	4.13%	2.43%
MSI	B	0.07%	0.11%	0.07%
MTB	A	0.11%	0.05%	0.05%
MTD	D	0.03%	0.03%	0.03%
MU	D	0.38%	0.14%	0.14%
NDAQ	A	0.03%	0.04%	0.03%
NDSN	B	0.02%	0.02%	0.02%
NEE	D	0.24%	0.21%	0.21%
NEM	D	0.13%	0.06%	0.06%
NFLX	A	0.17%	0.47%	0.17%
NI	A	0.05%	0.02%	0.02%
NKE	D	0.19%	0.12%	0.12%
NOC	D	0.2%	0.09%	0.09%
NOW	A	0.01%	0.28%	0.01%
NRG	B	0.1%	0.03%	0.03%
NSC	B	0.21%	0.08%	0.08%
NTAP	C	0.07%	0.03%	0.03%
NTRS	A	0.08%	0.03%	0.03%
NUE	C	0.19%	0.05%	0.05%
NVDA	C	0.4%	4.67%	0.4%
NVR	D	0.08%	0.04%	0.04%
NWSA	B	0.04%	0.01%	0.01%
NXPI	D	0.05%	0.07%	0.05%
O	D	0.04%	0.07%	0.04%
ODFL	B	0.06%	0.05%	0.05%
OKE	A	0.14%	0.09%	0.09%
OMC	C	0.08%	0.03%	0.03%
ON	D	0.04%	0.04%	0.04%
ORCL	B	0.5%	0.39%	0.39%
ORLY	B	0.11%	0.09%	0.09%
OTIS	C	0.05%	0.05%	0.05%
OXY	D	0.11%	0.05%	0.05%
PANW	C	0.03%	0.17%	0.03%
PARA	C	0.11%	0.01%	0.01%
PAYX	C	0.06%	0.06%	0.06%
PCAR	B	0.15%	0.08%	0.08%
PCG	A	0.03%	0.06%	0.03%
PEG	A	0.11%	0.06%	0.06%
PEP	F	0.41%	0.29%	0.29%
PFE	D	0.68%	0.19%	0.19%
PFG	D	0.09%	0.02%	0.02%
PG	A	0.77%	0.53%	0.53%
PGR	A	0.23%	0.2%	0.2%
PH	A	0.13%	0.12%	0.12%
PHM	D	0.11%	0.04%	0.04%
PKG	A	0.07%	0.03%	0.03%
PLD	D	0.07%	0.14%	0.07%
PM	B	0.48%	0.27%	0.27%
PNC	B	0.3%	0.11%	0.11%
PNR	A	0.04%	0.02%	0.02%
PNW	B	0.04%	0.01%	0.01%
POOL	C	0.02%	0.02%	0.02%
PPG	F	0.08%	0.04%	0.04%
PPL	B	0.11%	0.03%	0.03%
PRU	A	0.22%	0.06%	0.06%
PSA	D	0.05%	0.07%	0.05%
PSX	C	0.36%	0.07%	0.07%
PWR	A	0.07%	0.06%	0.06%
PYPL	B	0.22%	0.12%	0.12%
QCOM	F	0.43%	0.24%	0.24%
QRVO	F	0.03%	0.01%	0.01%
REG	B	0.02%	0.02%	0.02%
REGN	F	0.1%	0.11%	0.1%
RF	A	0.09%	0.03%	0.03%
RJF	A	0.05%	0.04%	0.04%
RL	B	0.03%	0.01%	0.01%
RMD	C	0.03%	0.05%	0.03%
ROK	B	0.06%	0.04%	0.04%
ROP	B	0.05%	0.08%	0.05%
ROST	C	0.07%	0.06%	0.06%
RSG	A	0.06%	0.06%	0.06%
RTX	C	0.34%	0.21%	0.21%
RVTY	F	0.03%	0.02%	0.02%
SBAC	D	0.02%	0.03%	0.02%
SBUX	A	0.28%	0.15%	0.15%
SCHW	B	0.13%	0.16%	0.13%
SHW	A	0.08%	0.12%	0.08%
SJM	D	0.05%	0.02%	0.02%
SLB	C	0.12%	0.08%	0.08%
SNA	A	0.06%	0.03%	0.03%
SNPS	B	0.03%	0.11%	0.03%
SO	D	0.26%	0.13%	0.13%
SOLV	C	0.02%	0.01%	0.01%
SPG	B	0.1%	0.07%	0.07%
SPGI	C	0.15%	0.22%	0.15%
SRE	A	0.13%	0.08%	0.08%
STE	F	0.03%	0.03%	0.03%
STLD	B	0.11%	0.03%	0.03%
STT	A	0.1%	0.04%	0.04%
STX	D	0.09%	0.03%	0.03%
STZ	D	0.07%	0.05%	0.05%
SW	A	0.09%	0.03%	0.03%
SWK	D	0.07%	0.02%	0.02%
SWKS	F	0.04%	0.02%	0.02%
SYF	B	0.34%	0.03%	0.03%
SYK	C	0.13%	0.18%	0.13%
SYY	B	0.1%	0.05%	0.05%
T	A	1.27%	0.22%	0.22%
TAP	C	0.05%	0.01%	0.01%
TDG	D	0.06%	0.09%	0.06%
TDY	B	0.03%	0.03%	0.03%
TER	D	0.04%	0.02%	0.02%
TFC	A	0.23%	0.08%	0.08%
TFX	F	0.02%	0.01%	0.01%
TGT	F	0.38%	0.09%	0.09%
TJX	A	0.22%	0.18%	0.18%
TMO	F	0.25%	0.26%	0.25%
TMUS	B	0.25%	0.15%	0.15%
TPR	B	0.05%	0.02%	0.02%
TRGP	B	0.07%	0.06%	0.06%
TRMB	B	0.03%	0.02%	0.02%
TROW	B	0.13%	0.04%	0.04%
TRV	B	0.31%	0.08%	0.08%
TSCO	D	0.06%	0.04%	0.04%
TSLA	B	0.28%	1.19%	0.28%
TSN	B	0.2%	0.02%	0.02%
TT	A	0.06%	0.12%	0.06%
TTWO	A	0.03%	0.04%	0.03%
TXN	C	0.34%	0.25%	0.25%
TXT	D	0.06%	0.02%	0.02%
UBER	D	0.04%	0.21%	0.04%
UDR	B	0.02%	0.02%	0.02%
UHS	D	0.08%	0.02%	0.02%
ULTA	F	0.03%	0.02%	0.02%
UNH	C	1.22%	0.73%	0.73%
UNP	C	0.35%	0.19%	0.19%
UPS	C	0.28%	0.13%	0.13%
URI	B	0.13%	0.07%	0.07%
USB	A	0.32%	0.1%	0.1%
V	A	0.36%	0.69%	0.36%
VICI	C	0.02%	0.04%	0.02%
VLO	C	0.39%	0.06%	0.06%
VMC	B	0.05%	0.05%	0.05%
VRSK	A	0.04%	0.05%	0.04%
VRSN	F	0.01%	0.02%	0.01%
VRTX	F	0.07%	0.16%	0.07%
VST	B	0.16%	0.07%	0.07%
VTR	C	0.08%	0.04%	0.04%
VTRS	A	0.1%	0.02%	0.02%
VZ	C	1.13%	0.23%	0.23%
WAB	B	0.06%	0.05%	0.05%
WAT	B	0.04%	0.03%	0.03%
WBA	F	0.17%	0.01%	0.01%
WBD	C	0.08%	0.03%	0.03%
WDC	D	0.12%	0.03%	0.03%
WEC	A	0.08%	0.04%	0.04%
WELL	A	0.1%	0.11%	0.1%
WFC	A	1.35%	0.34%	0.34%
WM	A	0.15%	0.11%	0.11%
WMB	A	0.17%	0.09%	0.09%
WMT	A	1.47%	0.49%	0.49%
WRB	A	0.03%	0.02%	0.02%
WST	C	0.02%	0.03%	0.02%
WTW	B	0.07%	0.04%	0.04%
WY	D	0.09%	0.03%	0.03%
XEL	A	0.12%	0.05%	0.05%
XOM	B	1.99%	0.71%	0.71%
XYL	D	0.03%	0.04%	0.03%
YUM	B	0.08%	0.05%	0.05%
ZBH	C	0.05%	0.03%	0.03%
ZBRA	B	0.04%	0.03%	0.03%
ZTS	D	0.07%	0.11%	0.07%

FNDX Overweight 253 Positions Relative to SSO

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 SSO

Symbol	Grade	Weight
PLTR	B	-0.18%
CRWD	B	-0.1%
ABNB	C	-0.08%
RCL	A	-0.07%
FICO	B	-0.07%
AXON	A	-0.06%
MPWR	F	-0.04%
CSGP	D	-0.04%
UAL	A	-0.04%
DXCM	D	-0.04%
LYV	A	-0.03%
PTC	A	-0.03%
VLTO	D	-0.03%
TYL	B	-0.03%
NCLH	B	-0.02%
DAY	B	-0.02%
INCY	C	-0.02%
ROL	B	-0.02%
PODD	C	-0.02%
FDS	B	-0.02%
FOX	A	-0.01%
MTCH	D	-0.01%
ENPH	F	-0.01%
WYNN	D	-0.01%
FRT	B	-0.01%
SMCI	F	-0.01%
MKTX	D	-0.01%
ERIE	D	-0.01%
TECH	D	-0.01%
PAYC	B	-0.01%
NWS	B	-0.0%