FNDX vs. SUSL ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares ESG MSCI USA Leaders ETF (SUSL)

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

SUSL

iShares ESG MSCI USA Leaders ETF

SUSL Description

The investment seeks to track the investment results of the MSCI Japan Equal Weighted Index (USD) composed of equal weighted Japanese equities. The index is designed to represent an alternative weighting methodology to its market capitalization-weighted parent index, the MSCI Japan Index (the "parent index"). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.82

Average Daily Volume

22,593

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	SUSL
30 Days	3.67%	3.38%
60 Days	4.58%	5.08%
90 Days	6.53%	6.25%
12 Months	29.67%	32.87%

264 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in SUSL	Overlap
	A	D	0.05%	0.14%	0.05%
	ACGL	D	0.03%	0.13%	0.03%
	ACI	C	0.03%	0.03%	0.03%
	ACN	C	0.36%	0.82%	0.36%
	ADBE	C	0.2%	0.81%	0.2%
	ADP	B	0.15%	0.45%	0.15%
	ADSK	A	0.03%	0.25%	0.03%
	AFL	B	0.21%	0.22%	0.21%
	AIZ	A	0.03%	0.04%	0.03%
	AKAM	D	0.03%	0.05%	0.03%
	ALGN	D	0.02%	0.06%	0.02%
	ALL	A	0.27%	0.19%	0.19%
	ALLE	D	0.01%	0.04%	0.01%
	ALLY	C	0.1%	0.04%	0.04%
	AMAT	F	0.24%	0.53%	0.24%
	AMD	F	0.09%	0.8%	0.09%
	AMGN	D	0.39%	0.56%	0.39%
	AMP	A	0.15%	0.2%	0.15%
	AMT	D	0.11%	0.34%	0.11%
	ANSS	B	0.02%	0.11%	0.02%
	APD	A	0.13%	0.26%	0.13%
	APTV	D	0.02%	0.05%	0.02%
	ATO	A	0.04%	0.08%	0.04%
	AVTR	F	0.02%	0.05%	0.02%
	AVY	D	0.04%	0.06%	0.04%
	AWK	D	0.04%	0.1%	0.04%
	AXP	A	0.36%	0.61%	0.36%
	AZO	C	0.06%	0.19%	0.06%
	BALL	D	0.06%	0.07%	0.06%
	BBWI	D	0.03%	0.02%	0.02%
	BBY	D	0.16%	0.06%	0.06%
	BEN	C	0.04%	0.02%	0.02%
	BG	F	0.1%	0.05%	0.05%
	BIIB	F	0.09%	0.08%	0.08%
	BK	A	0.26%	0.21%	0.21%
	BKNG	A	0.24%	0.64%	0.24%
	BKR	B	0.16%	0.16%	0.16%
	BLK	C	0.28%	0.55%	0.28%
	BMY	B	0.45%	0.43%	0.43%
	BR	A	0.03%	0.1%	0.03%
	BURL	A	0.03%	0.06%	0.03%
	BXP	D	0.05%	0.04%	0.04%
	CAG	D	0.06%	0.05%	0.05%
	CARR	D	0.12%	0.22%	0.12%
	CAT	B	0.41%	0.69%	0.41%
	CBOE	B	0.01%	0.08%	0.01%
	CBRE	B	0.13%	0.15%	0.13%
	CCI	D	0.09%	0.16%	0.09%
	CDNS	B	0.03%	0.3%	0.03%
	CFG	B	0.1%	0.08%	0.08%
	CHD	B	0.04%	0.1%	0.04%
	CHRW	C	0.08%	0.05%	0.05%
	CHTR	C	0.35%	0.13%	0.13%
	CI	F	0.48%	0.34%	0.34%
	CL	D	0.13%	0.27%	0.13%
	CLX	B	0.04%	0.08%	0.04%
	CMCSA	B	0.83%	0.62%	0.62%
	CMI	A	0.19%	0.18%	0.18%
	CMS	C	0.06%	0.08%	0.06%
	CNH	C	0.02%	0.04%	0.02%
	COF	B	0.48%	0.25%	0.25%
	COR	B	0.02%	0.16%	0.02%
	CPB	D	0.03%	0.03%	0.03%
	CRM	B	0.15%	1.18%	0.15%
	CSX	B	0.22%	0.25%	0.22%
	CTAS	B	0.08%	0.29%	0.08%
	CTLT	B	0.02%	0.04%	0.02%
	DAL	C	0.03%	0.04%	0.03%
	DE	A	0.23%	0.41%	0.23%
	DECK	A	0.03%	0.1%	0.03%
	DFS	B	0.26%	0.16%	0.16%
	DGX	A	0.07%	0.07%	0.07%
	DHI	D	0.16%	0.17%	0.16%
	DHR	F	0.15%	0.57%	0.15%
	DINO	D	0.05%	0.03%	0.03%
	DIS	B	0.45%	0.76%	0.45%
	DLR	B	0.08%	0.22%	0.08%
	DOC	D	0.03%	0.06%	0.03%
	DOV	A	0.06%	0.1%	0.06%
	DPZ	C	0.03%	0.06%	0.03%
	DRI	B	0.05%	0.07%	0.05%
	DVA	B	0.06%	0.03%	0.03%
	EA	A	0.09%	0.15%	0.09%
	EBAY	D	0.17%	0.11%	0.11%
	ECL	D	0.08%	0.23%	0.08%
	ED	D	0.12%	0.12%	0.12%
	EIX	B	0.1%	0.12%	0.1%
	ELV	F	0.36%	0.34%	0.34%
	EME	C	0.06%	0.09%	0.06%
	EQH	B	0.05%	0.06%	0.05%
	EQIX	A	0.08%	0.32%	0.08%
	ES	D	0.08%	0.08%	0.08%
	ETN	A	0.23%	0.54%	0.23%
	EW	C	0.04%	0.15%	0.04%
	EXC	C	0.17%	0.14%	0.14%
	EXPD	D	0.04%	0.06%	0.04%
	FBIN	D	0.04%	0.03%	0.03%
	FI	A	0.13%	0.46%	0.13%
	FIS	C	0.12%	0.17%	0.12%
	FOXA	B	0.1%	0.04%	0.04%
	FSLR	F	0.01%	0.07%	0.01%
	FTV	C	0.03%	0.1%	0.03%
	GE	D	0.15%	0.71%	0.15%
	GEHC	F	0.09%	0.13%	0.09%
	GEN	B	0.04%	0.06%	0.04%
	GGG	B	0.02%	0.05%	0.02%
	GILD	C	0.37%	0.4%	0.37%
	GIS	D	0.11%	0.13%	0.11%
	GOOG	C	1.14%	3.09%	1.14%
	GOOGL	C	1.33%	3.56%	1.33%
	GPC	D	0.05%	0.06%	0.05%
	GWW	B	0.08%	0.19%	0.08%
	HAL	C	0.06%	0.1%	0.06%
	HBAN	A	0.08%	0.09%	0.08%
	HCA	F	0.2%	0.24%	0.2%
	HD	A	0.8%	1.47%	0.8%
	HIG	B	0.14%	0.13%	0.13%
	HLT	A	0.06%	0.23%	0.06%
	HOLX	D	0.04%	0.07%	0.04%
	HPE	B	0.21%	0.1%	0.1%
	HPQ	B	0.21%	0.13%	0.13%
	HRL	D	0.03%	0.03%	0.03%
	HSIC	B	0.04%	0.03%	0.03%
	HUM	C	0.19%	0.13%	0.13%
	IBM	C	0.54%	0.74%	0.54%
	ICE	C	0.11%	0.33%	0.11%
	IDXX	F	0.02%	0.12%	0.02%
	IEX	B	0.03%	0.06%	0.03%
	IFF	D	0.05%	0.08%	0.05%
	INTC	D	0.89%	0.38%	0.38%
	INTU	C	0.11%	0.69%	0.11%
	IP	B	0.17%	0.07%	0.07%
	IPG	D	0.04%	0.04%	0.04%
	IQV	D	0.07%	0.13%	0.07%
	IR	B	0.03%	0.15%	0.03%
	IRM	D	0.06%	0.13%	0.06%
	IT	C	0.03%	0.15%	0.03%
	ITW	B	0.15%	0.29%	0.15%
	JBHT	C	0.05%	0.05%	0.05%
	JCI	C	0.16%	0.2%	0.16%
	JNJ	D	0.89%	1.35%	0.89%
	JNPR	F	0.05%	0.04%	0.04%
	K	A	0.07%	0.08%	0.07%
	KDP	D	0.07%	0.13%	0.07%
	KEY	B	0.1%	0.07%	0.07%
	KEYS	A	0.04%	0.11%	0.04%
	KMB	D	0.1%	0.17%	0.1%
	KMX	B	0.06%	0.05%	0.05%
	KNX	B	0.04%	0.03%	0.03%
	KO	D	0.35%	0.94%	0.35%
	KR	B	0.3%	0.15%	0.15%
	LH	C	0.09%	0.07%	0.07%
	LII	A	0.03%	0.08%	0.03%
	LIN	D	0.33%	0.79%	0.33%
	LKQ	D	0.05%	0.04%	0.04%
	LLY	F	0.2%	2.19%	0.2%
	LNG	B	0.06%	0.19%	0.06%
	LOW	D	0.43%	0.55%	0.43%
	LPLA	A	0.04%	0.09%	0.04%
	LRCX	F	0.15%	0.35%	0.15%
	LULU	C	0.01%	0.13%	0.01%
	LW	C	0.02%	0.04%	0.02%
	LYB	F	0.14%	0.08%	0.08%
	MA	C	0.29%	1.55%	0.29%
	MCD	D	0.34%	0.75%	0.34%
	MCO	B	0.07%	0.28%	0.07%
	MKC	D	0.03%	0.07%	0.03%
	MLM	B	0.04%	0.13%	0.04%
	MMC	B	0.14%	0.4%	0.14%
	MMM	D	0.35%	0.25%	0.25%
	MOH	F	0.05%	0.06%	0.05%
	MPC	D	0.4%	0.2%	0.2%
	MRK	F	0.42%	0.91%	0.42%
	MRVL	B	0.04%	0.29%	0.04%
	MS	A	0.46%	0.6%	0.46%
	MSFT	F	2.43%	10.54%	2.43%
	MTD	D	0.03%	0.09%	0.03%
	NDAQ	A	0.03%	0.13%	0.03%
	NEM	D	0.13%	0.18%	0.13%
	NI	A	0.05%	0.06%	0.05%
	NKE	D	0.19%	0.33%	0.19%
	NOW	A	0.01%	0.78%	0.01%
	NRG	B	0.1%	0.07%	0.07%
	NTAP	C	0.07%	0.09%	0.07%
	NTRS	A	0.08%	0.08%	0.08%
	NUE	C	0.19%	0.13%	0.13%
	NVDA	C	0.4%	13.05%	0.4%
	NVR	D	0.08%	0.1%	0.08%
	NXPI	D	0.05%	0.21%	0.05%
	OC	A	0.07%	0.06%	0.06%
	ODFL	B	0.06%	0.15%	0.06%
	OKE	A	0.14%	0.25%	0.14%
	OMC	C	0.08%	0.07%	0.07%
	ORLY	B	0.11%	0.26%	0.11%
	PANW	C	0.03%	0.47%	0.03%
	PAYX	C	0.06%	0.17%	0.06%
	PEP	F	0.41%	0.8%	0.41%
	PFG	D	0.09%	0.07%	0.07%
	PG	A	0.77%	1.47%	0.77%
	PGR	A	0.23%	0.56%	0.23%
	PHM	D	0.11%	0.1%	0.1%
	PLD	D	0.07%	0.38%	0.07%
	PNC	B	0.3%	0.3%	0.3%
	PNR	A	0.04%	0.06%	0.04%
	POOL	C	0.02%	0.05%	0.02%
	PPG	F	0.08%	0.1%	0.08%
	PRU	A	0.22%	0.16%	0.16%
	PSX	C	0.36%	0.2%	0.2%
	PWR	A	0.07%	0.18%	0.07%
	PYPL	B	0.22%	0.31%	0.22%
	RF	A	0.09%	0.09%	0.09%
	RJF	A	0.05%	0.12%	0.05%
	ROK	B	0.06%	0.11%	0.06%
	SBAC	D	0.02%	0.09%	0.02%
	SCHW	B	0.13%	0.44%	0.13%
	SJM	D	0.05%	0.04%	0.04%
	SLB	C	0.12%	0.23%	0.12%
	SNPS	B	0.03%	0.31%	0.03%
	SOLV	C	0.02%	0.04%	0.02%
	SPGI	C	0.15%	0.59%	0.15%
	SRE	A	0.13%	0.22%	0.13%
	STE	F	0.03%	0.08%	0.03%
	STLD	B	0.11%	0.08%	0.08%
	STT	A	0.1%	0.1%	0.1%
	STX	D	0.09%	0.07%	0.07%
	SW	A	0.09%	0.11%	0.09%
	SYF	B	0.34%	0.09%	0.09%
	TFC	A	0.23%	0.23%	0.23%
	TFX	F	0.02%	0.03%	0.02%
	TGT	F	0.38%	0.2%	0.2%
	TJX	A	0.22%	0.49%	0.22%
	TRGP	B	0.07%	0.16%	0.07%
	TRMB	B	0.03%	0.06%	0.03%
	TROW	B	0.13%	0.1%	0.1%
	TRU	D	0.03%	0.07%	0.03%
	TRV	B	0.31%	0.22%	0.22%
	TSCO	D	0.06%	0.11%	0.06%
	TSLA	B	0.28%	3.52%	0.28%
	TT	A	0.06%	0.34%	0.06%
	TTC	D	0.02%	0.03%	0.02%
	TTWO	A	0.03%	0.11%	0.03%
	TXN	C	0.34%	0.65%	0.34%
	ULTA	F	0.03%	0.06%	0.03%
	UNP	C	0.35%	0.53%	0.35%
	UPS	C	0.28%	0.35%	0.28%
	URI	B	0.13%	0.2%	0.13%
	USB	A	0.32%	0.29%	0.29%
	V	A	0.36%	1.76%	0.36%
	VLO	C	0.39%	0.17%	0.17%
	VZ	C	1.13%	0.65%	0.65%
	WAT	B	0.04%	0.08%	0.04%
	WBA	F	0.17%	0.02%	0.02%
	WDC	D	0.12%	0.08%	0.08%
	WELL	A	0.1%	0.3%	0.1%
	WMB	A	0.17%	0.26%	0.17%
	WSM	B	0.04%	0.08%	0.04%
	WST	C	0.02%	0.08%	0.02%
	WTRG	B	0.01%	0.04%	0.01%
	WTW	B	0.07%	0.12%	0.07%
	WY	D	0.09%	0.08%	0.08%
	XYL	D	0.03%	0.11%	0.03%
	YUM	B	0.08%	0.14%	0.08%
	ZBH	C	0.05%	0.08%	0.05%
	ZTS	D	0.07%	0.29%	0.07%

FNDX Overweight 457 Positions Relative to SUSL

	Symbol	Grade	Weight
	AAPL	C	4.35%
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	META	D	1.79%
	AMZN	C	1.56%
	WMT	A	1.47%
	WFC	A	1.35%
	BAC	A	1.3%
	T	A	1.27%
	CVX	A	1.25%
	UNH	C	1.22%
	C	A	1.1%
	CSCO	B	0.82%
	GM	B	0.79%
	CVS	D	0.68%
	PFE	D	0.68%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	AVGO	D	0.61%
	ORCL	B	0.5%
	ABBV	D	0.49%
	PM	B	0.48%
	COP	C	0.48%
	QCOM	F	0.43%
	MU	D	0.38%
	LMT	D	0.37%
	HON	B	0.37%
	MO	A	0.37%
	RTX	C	0.34%
	ABT	B	0.34%
	F	C	0.33%
	FDX	B	0.32%
	DUK	C	0.3%
	AIG	B	0.28%
	SBUX	A	0.28%
	MET	A	0.26%
	SO	D	0.26%
	CB	C	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	D	0.24%
	KMI	A	0.23%
	EOG	A	0.23%
	ADM	D	0.21%
	NSC	B	0.21%
	GD	F	0.21%
	MDLZ	F	0.2%
	NOC	D	0.2%
	TSN	B	0.2%
	CTSH	B	0.19%
	CNC	D	0.19%
	DOW	F	0.18%
	NFLX	A	0.17%
	EMR	A	0.17%
	D	C	0.17%
	DD	D	0.17%
	AEP	D	0.16%
	VST	B	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	MDT	D	0.16%
	PCAR	B	0.15%
	WM	A	0.15%
	FCX	D	0.14%
	GLW	B	0.14%
	PH	A	0.13%
	FITB	A	0.13%
	SYK	C	0.13%
	BX	A	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	ETR	B	0.12%
	KKR	A	0.12%
	XEL	A	0.12%
	MTB	A	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	PEG	A	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	PPL	B	0.11%
	BA	F	0.11%
	SYY	B	0.1%
	VTRS	A	0.1%
	REGN	F	0.1%
	CEG	D	0.1%
	SPG	B	0.1%
	MRO	B	0.09%
	GPN	B	0.09%
	ISRG	A	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	CTVA	C	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	APH	A	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	USFD	A	0.08%
	VTR	C	0.08%
	WHR	B	0.08%
	KLAC	D	0.08%
	CME	A	0.08%
	UHS	D	0.08%
	DG	F	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	BAX	D	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	CF	B	0.07%
	AEE	A	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	CAH	B	0.07%
	R	B	0.07%
	CINF	A	0.07%
	X	C	0.07%
	LAD	A	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	ROST	C	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	VRTX	F	0.07%
	FAST	B	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	MGM	D	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	BLDR	D	0.06%
	UNM	A	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%
	CNP	B	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	WAB	B	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	DLTR	F	0.05%
	MCHP	D	0.05%
	IVZ	B	0.05%
	L	A	0.05%
	AES	F	0.05%
	AJG	B	0.05%
	AN	C	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	D	0.05%
	TDS	B	0.05%
	EQR	B	0.05%
	GPI	A	0.05%
	FANG	D	0.05%
	CASY	A	0.05%
	BWA	D	0.05%
	ROP	B	0.05%
	MAS	D	0.05%
	J	F	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	BFH	B	0.05%
	PSA	D	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	TAP	C	0.05%
	ANET	C	0.04%
	O	D	0.04%
	UBER	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	SSNC	B	0.04%
	TER	D	0.04%
	OSK	B	0.04%
	AMG	B	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CMG	B	0.04%
	HSY	F	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	ZBRA	B	0.04%
	DKS	C	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	SWKS	F	0.04%
	RHI	B	0.04%
	LNT	A	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%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	GEV	B	0.04%
	UGI	A	0.04%
	CDW	F	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%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	KBH	D	0.03%
	ILMN	D	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	G	B	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	AMCR	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%
	EXR	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%
	ESS	B	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%
	GRMN	B	0.03%
	MAA	B	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	BAH	F	0.03%
	CE	F	0.03%
	WSO	A	0.03%
	RMD	C	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	HUBB	B	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%
	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%
	NDSN	B	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%
	GXO	B	0.02%
	PENN	C	0.02%
	JKHY	D	0.02%
	CPT	B	0.02%
	HOG	D	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%
	SUI	D	0.02%
	LAMR	D	0.02%
	REG	B	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	UDR	B	0.02%
	VICI	C	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%
	LUV	C	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	CRL	C	0.01%
	VRSN	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 29 Positions Relative to SUSL

	Symbol	Grade	Weight
	MELI	D	-0.32%
	CRH	A	-0.25%
	WDAY	B	-0.21%
	FICO	B	-0.21%
	RCL	A	-0.21%
	DASH	A	-0.19%
	AXON	A	-0.16%
	TEAM	A	-0.15%
	FERG	B	-0.15%
	HUBS	A	-0.13%
	DXCM	D	-0.11%
	VLTO	D	-0.1%
	PTC	A	-0.08%
	PODD	C	-0.07%
	FDS	B	-0.07%
	ZS	C	-0.07%
	COO	D	-0.07%
	DOCU	A	-0.06%
	MANH	D	-0.06%
	TWLO	A	-0.06%
	DAY	B	-0.05%
	NBIX	C	-0.05%
	MKTX	D	-0.04%
	NLY	C	-0.04%
	TECH	D	-0.04%
	AZPN	A	-0.03%
	RIVN	F	-0.03%
	ENPH	F	-0.03%
	FOX	A	-0.02%

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

SUSL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Diagnostics & Research Specialty Retail Business Services Capital Markets Packaged Foods Asset Management Banks - Regional - US Credit Services Drug Manufacturers - Major Semiconductors Specialty Chemicals Household & Personal Products Medical Instruments & Supplies Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Chemical Bank Banking Medicine Mining Beverage Electronics Investment Bank Telecommunications Building Materials Cloud Computing Disability Electricity Financial Products