FNDX vs. UDIV ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	UDIV
30 Days	3.67%	2.89%
60 Days	4.58%	4.78%
90 Days	6.53%	6.71%
12 Months	29.67%	35.02%

250 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in UDIV	Overlap
	AAPL	C	4.35%	6.17%	4.35%
	ABBV	D	0.49%	0.97%	0.49%
	ABT	B	0.34%	0.48%	0.34%
	ACN	C	0.36%	0.45%	0.36%
	ADBE	C	0.2%	0.35%	0.2%
	ADI	D	0.13%	0.52%	0.13%
	ADP	B	0.15%	0.13%	0.13%
	AEE	A	0.07%	0.03%	0.03%
	AEP	D	0.16%	0.29%	0.16%
	AES	F	0.05%	0.06%	0.05%
	ALL	A	0.27%	0.1%	0.1%
	AMAT	F	0.24%	0.38%	0.24%
	AMCR	D	0.03%	0.09%	0.03%
	AMD	F	0.09%	0.43%	0.09%
	AMGN	D	0.39%	0.62%	0.39%
	AMT	D	0.11%	0.35%	0.11%
	AMZN	C	1.56%	3.48%	1.56%
	ANET	C	0.04%	0.28%	0.04%
	APA	D	0.03%	0.06%	0.03%
	APD	A	0.13%	0.18%	0.13%
	APH	A	0.09%	0.05%	0.05%
	APO	B	0.03%	0.4%	0.03%
	ARE	D	0.03%	0.1%	0.03%
	AVB	B	0.05%	0.18%	0.05%
	AVGO	D	0.61%	1.72%	0.61%
	BAC	A	1.3%	0.65%	0.65%
	BAX	D	0.07%	0.09%	0.07%
	BBY	D	0.16%	0.11%	0.11%
	BEN	C	0.04%	0.04%	0.04%
	BK	A	0.26%	0.33%	0.26%
	BKR	B	0.16%	0.18%	0.16%
	BLK	C	0.28%	0.87%	0.28%
	BMY	B	0.45%	0.69%	0.45%
	BR	A	0.03%	0.11%	0.03%
	BX	A	0.13%	0.76%	0.13%
	BXP	D	0.05%	0.07%	0.05%
	C	A	1.1%	0.82%	0.82%
	CAG	D	0.06%	0.07%	0.06%
	CAH	B	0.07%	0.02%	0.02%
	CAT	B	0.41%	0.1%	0.1%
	CCI	D	0.09%	0.24%	0.09%
	CDNS	B	0.03%	0.14%	0.03%
	CFG	B	0.1%	0.13%	0.1%
	CG	A	0.03%	0.07%	0.03%
	CINF	A	0.07%	0.14%	0.07%
	CLX	B	0.04%	0.12%	0.04%
	CMCSA	B	0.83%	0.36%	0.36%
	CME	A	0.08%	0.46%	0.08%
	CMG	B	0.04%	0.12%	0.04%
	CMI	A	0.19%	0.3%	0.19%
	CMS	C	0.06%	0.11%	0.06%
	CNH	C	0.02%	0.06%	0.02%
	COP	C	0.48%	0.25%	0.25%
	COST	B	0.66%	0.26%	0.26%
	CPB	D	0.03%	0.05%	0.03%
	CPT	B	0.02%	0.07%	0.02%
	CRBG	B	0.04%	0.04%	0.04%
	CRM	B	0.15%	0.51%	0.15%
	CSCO	B	0.82%	0.86%	0.82%
	CTRA	B	0.03%	0.12%	0.03%
	CVS	D	0.68%	0.39%	0.39%
	CVX	A	1.25%	1.12%	1.12%
	D	C	0.17%	0.27%	0.17%
	DELL	C	0.03%	0.1%	0.03%
	DFS	B	0.26%	0.14%	0.14%
	DG	F	0.08%	0.03%	0.03%
	DIS	B	0.45%	0.13%	0.13%
	DLR	B	0.08%	0.32%	0.08%
	DOC	D	0.03%	0.09%	0.03%
	DOW	F	0.18%	0.19%	0.18%
	DRI	B	0.05%	0.12%	0.05%
	DTE	C	0.07%	0.14%	0.07%
	DUK	C	0.3%	0.49%	0.3%
	DVN	F	0.09%	0.16%	0.09%
	EBAY	D	0.17%	0.13%	0.13%
	ED	D	0.12%	0.19%	0.12%
	EIX	B	0.1%	0.19%	0.1%
	EL	F	0.03%	0.09%	0.03%
	EMN	D	0.08%	0.07%	0.07%
	EMR	A	0.17%	0.22%	0.17%
	EOG	A	0.23%	0.07%	0.07%
	EQIX	A	0.08%	0.21%	0.08%
	EQR	B	0.05%	0.14%	0.05%
	ES	D	0.08%	0.12%	0.08%
	ESS	B	0.03%	0.11%	0.03%
	ETN	A	0.23%	0.41%	0.23%
	ETR	B	0.12%	0.18%	0.12%
	EVRG	A	0.07%	0.08%	0.07%
	EWBC	A	0.03%	0.09%	0.03%
	EXC	C	0.17%	0.22%	0.17%
	EXR	D	0.03%	0.2%	0.03%
	F	C	0.33%	0.27%	0.27%
	FANG	D	0.05%	0.21%	0.05%
	FAST	B	0.07%	0.27%	0.07%
	FDX	B	0.32%	0.08%	0.08%
	FE	C	0.09%	0.12%	0.09%
	FIS	C	0.12%	0.02%	0.02%
	FITB	A	0.13%	0.19%	0.13%
	FNF	B	0.06%	0.09%	0.06%
	GD	F	0.21%	0.06%	0.06%
	GEN	B	0.04%	0.07%	0.04%
	GILD	C	0.37%	0.63%	0.37%
	GIS	D	0.11%	0.2%	0.11%
	GLW	B	0.14%	0.21%	0.14%
	GOOG	C	1.14%	1.73%	1.14%
	GOOGL	C	1.33%	1.92%	1.33%
	GPC	D	0.05%	0.11%	0.05%
	GRMN	B	0.03%	0.18%	0.03%
	GS	A	0.62%	0.44%	0.44%
	HBAN	A	0.08%	0.16%	0.08%
	HD	A	0.8%	1.06%	0.8%
	HON	B	0.37%	0.18%	0.18%
	HPE	B	0.21%	0.1%	0.1%
	HPQ	B	0.21%	0.23%	0.21%
	HRL	D	0.03%	0.05%	0.03%
	HST	C	0.04%	0.07%	0.04%
	HUBB	B	0.03%	0.06%	0.03%
	IBM	C	0.54%	0.81%	0.54%
	IFF	D	0.05%	0.13%	0.05%
	INTC	D	0.89%	0.41%	0.41%
	INTU	C	0.11%	0.47%	0.11%
	INVH	D	0.03%	0.12%	0.03%
	IP	B	0.17%	0.12%	0.12%
	IPG	D	0.04%	0.06%	0.04%
	IRM	D	0.06%	0.17%	0.06%
	ISRG	A	0.09%	0.14%	0.09%
	ITW	B	0.15%	0.43%	0.15%
	JCI	C	0.16%	0.23%	0.16%
	JNJ	D	0.89%	1.16%	0.89%
	JNPR	F	0.05%	0.07%	0.05%
	JPM	A	2.03%	1.35%	1.35%
	K	A	0.07%	0.12%	0.07%
	KEY	B	0.1%	0.11%	0.1%
	KHC	F	0.09%	0.16%	0.09%
	KIM	A	0.03%	0.1%	0.03%
	KKR	A	0.12%	0.16%	0.12%
	KLAC	D	0.08%	0.3%	0.08%
	KMB	D	0.1%	0.26%	0.1%
	KMI	A	0.23%	0.32%	0.23%
	KO	D	0.35%	0.74%	0.35%
	KVUE	A	0.05%	0.23%	0.05%
	LIN	D	0.33%	0.14%	0.14%
	LKQ	D	0.05%	0.06%	0.05%
	LLY	F	0.2%	1.21%	0.2%
	LNT	A	0.04%	0.09%	0.04%
	LOW	D	0.43%	0.27%	0.27%
	LRCX	F	0.15%	0.34%	0.15%
	LUV	C	0.02%	0.11%	0.02%
	LVS	C	0.04%	0.08%	0.04%
	LYB	F	0.14%	0.13%	0.13%
	MA	C	0.29%	0.23%	0.23%
	MAA	B	0.03%	0.1%	0.03%
	MCD	D	0.34%	0.23%	0.23%
	MCHP	D	0.05%	0.2%	0.05%
	MDT	D	0.16%	0.56%	0.16%
	MET	A	0.26%	0.11%	0.11%
	META	D	1.79%	2.13%	1.79%
	MMM	D	0.35%	0.36%	0.35%
	MO	A	0.37%	0.56%	0.37%
	MRK	F	0.42%	0.71%	0.42%
	MRVL	B	0.04%	0.12%	0.04%
	MS	A	0.46%	0.94%	0.46%
	MSCI	C	0.03%	0.23%	0.03%
	MSFT	F	2.43%	6.07%	2.43%
	MTB	A	0.11%	0.22%	0.11%
	MU	D	0.38%	0.2%	0.2%
	NEE	D	0.24%	0.11%	0.11%
	NEM	D	0.13%	0.01%	0.01%
	NFLX	A	0.17%	0.64%	0.17%
	NI	A	0.05%	0.09%	0.05%
	NKE	D	0.19%	0.13%	0.13%
	NOW	A	0.01%	0.47%	0.01%
	NSC	B	0.21%	0.07%	0.07%
	NTAP	C	0.07%	0.14%	0.07%
	NTRS	A	0.08%	0.13%	0.08%
	NVDA	C	0.4%	6.83%	0.4%
	NXPI	D	0.05%	0.35%	0.05%
	O	D	0.04%	0.28%	0.04%
	OKE	A	0.14%	0.38%	0.14%
	OMC	C	0.08%	0.11%	0.08%
	ORCL	B	0.5%	0.5%	0.5%
	PANW	C	0.03%	0.27%	0.03%
	PAYX	C	0.06%	0.26%	0.06%
	PEG	A	0.11%	0.16%	0.11%
	PEP	F	0.41%	0.57%	0.41%
	PFE	D	0.68%	0.66%	0.66%
	PFG	D	0.09%	0.12%	0.09%
	PG	A	0.77%	0.78%	0.77%
	PKG	A	0.07%	0.12%	0.07%
	PLD	D	0.07%	0.43%	0.07%
	PM	B	0.48%	0.86%	0.48%
	PNC	B	0.3%	0.5%	0.3%
	PPL	B	0.11%	0.14%	0.11%
	PRU	A	0.22%	0.28%	0.22%
	PSA	D	0.05%	0.29%	0.05%
	PSX	C	0.36%	0.22%	0.22%
	QCOM	F	0.43%	0.74%	0.43%
	REG	B	0.02%	0.07%	0.02%
	RF	A	0.09%	0.15%	0.09%
	ROK	B	0.06%	0.2%	0.06%
	RTX	C	0.34%	0.18%	0.18%
	SBUX	A	0.28%	0.3%	0.28%
	SJM	D	0.05%	0.07%	0.05%
	SLB	C	0.12%	0.06%	0.06%
	SNA	A	0.06%	0.11%	0.06%
	SNPS	B	0.03%	0.11%	0.03%
	SO	D	0.26%	0.53%	0.26%
	SPG	B	0.1%	0.33%	0.1%
	SQ	B	0.03%	0.04%	0.03%
	STT	A	0.1%	0.18%	0.1%
	STX	D	0.09%	0.11%	0.09%
	SUI	D	0.02%	0.09%	0.02%
	SW	A	0.09%	0.16%	0.09%
	SWK	D	0.07%	0.08%	0.07%
	SWKS	F	0.04%	0.08%	0.04%
	SYK	C	0.13%	0.02%	0.02%
	SYY	B	0.1%	0.17%	0.1%
	T	A	1.27%	0.79%	0.79%
	TAP	C	0.05%	0.05%	0.05%
	TER	D	0.04%	0.02%	0.02%
	TFC	A	0.23%	0.38%	0.23%
	TGT	F	0.38%	0.28%	0.28%
	TROW	B	0.13%	0.16%	0.13%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	0.28%	1.48%	0.28%
	TSN	B	0.2%	0.11%	0.11%
	TT	A	0.06%	0.02%	0.02%
	TXN	C	0.34%	0.85%	0.34%
	UBER	D	0.04%	0.28%	0.04%
	UDR	B	0.02%	0.08%	0.02%
	UNH	C	1.22%	0.87%	0.87%
	UNP	C	0.35%	0.3%	0.3%
	UPS	C	0.28%	0.57%	0.28%
	USB	A	0.32%	0.47%	0.32%
	V	A	0.36%	0.34%	0.34%
	VICI	C	0.02%	0.19%	0.02%
	VLO	C	0.39%	0.08%	0.08%
	VTR	C	0.08%	0.14%	0.08%
	VTRS	A	0.1%	0.1%	0.1%
	VZ	C	1.13%	0.77%	0.77%
	WBA	F	0.17%	0.04%	0.04%
	WEC	A	0.08%	0.18%	0.08%
	WELL	A	0.1%	0.12%	0.1%
	WFC	A	1.35%	0.42%	0.42%
	WMB	A	0.17%	0.41%	0.17%
	WMT	A	1.47%	0.03%	0.03%
	WPC	D	0.02%	0.07%	0.02%
	WSO	A	0.03%	0.11%	0.03%
	XEL	A	0.12%	0.21%	0.12%
	XOM	B	1.99%	1.35%	1.35%

FNDX Overweight 471 Positions Relative to UDIV

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	GM	B	0.79%
	LUMN	C	0.65%
	COF	B	0.48%
	CI	F	0.48%
	MPC	D	0.4%
	LMT	D	0.37%
	AXP	A	0.36%
	ELV	F	0.36%
	CHTR	C	0.35%
	SYF	B	0.34%
	TRV	B	0.31%
	KR	B	0.3%
	AIG	B	0.28%
	CB	C	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	BKNG	A	0.24%
	DE	A	0.23%
	PGR	A	0.23%
	CSX	B	0.22%
	PYPL	B	0.22%
	TJX	A	0.22%
	ADM	D	0.21%
	AFL	B	0.21%
	MDLZ	F	0.2%
	NOC	D	0.2%
	HCA	F	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	CNC	D	0.19%
	NUE	C	0.19%
	DD	D	0.17%
	VST	B	0.16%
	DHI	D	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	PCAR	B	0.15%
	WM	A	0.15%
	GE	D	0.15%
	FCX	D	0.14%
	MMC	B	0.14%
	HIG	B	0.14%
	CL	D	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	CBRE	B	0.13%
	FI	A	0.13%
	URI	B	0.13%
	WDC	D	0.12%
	CARR	D	0.12%
	ORLY	B	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	PHM	D	0.11%
	STLD	B	0.11%
	ALLY	C	0.1%
	FOXA	B	0.1%
	REGN	F	0.1%
	CEG	D	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	MRO	B	0.09%
	GPN	B	0.09%
	RS	B	0.09%
	BIIB	F	0.09%
	EA	A	0.09%
	CTVA	C	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	WY	D	0.09%
	LH	C	0.09%
	GEHC	F	0.09%
	ARW	D	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	UHS	D	0.08%
	GWW	B	0.08%
	PPG	F	0.08%
	WKC	D	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	IQV	D	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	CMA	A	0.07%
	CF	B	0.07%
	WTW	B	0.07%
	DGX	A	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	MCO	B	0.07%
	STZ	D	0.07%
	PWR	A	0.07%
	R	B	0.07%
	KDP	D	0.07%
	X	C	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	AVT	C	0.07%
	ROST	C	0.07%
	LDOS	C	0.07%
	VRTX	F	0.07%
	OVV	B	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	ODFL	B	0.06%
	MGM	D	0.06%
	DVA	B	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	TXT	D	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%
	LNG	B	0.06%
	CCL	B	0.06%
	FLEX	A	0.06%
	JBL	B	0.06%
	PFGC	B	0.06%
	HLT	A	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	HAL	C	0.06%
	RSG	A	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	ACM	A	0.05%
	VNO	B	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%
	DLTR	F	0.05%
	IVZ	B	0.05%
	L	A	0.05%
	AJG	B	0.05%
	AN	C	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%
	J	F	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	BFH	B	0.05%
	LNC	B	0.05%
	A	D	0.05%
	FBIN	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	SSNC	B	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%
	PNR	A	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	HSY	F	0.04%
	CNO	A	0.04%
	ON	D	0.04%
	DOX	D	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%
	DKS	C	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	HOLX	D	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	CHD	B	0.04%
	AWK	D	0.04%
	EW	C	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	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%
	KNX	B	0.04%
	WSM	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%
	MLM	B	0.04%
	GEV	B	0.04%
	UGI	A	0.04%
	CDW	F	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%
	FMC	D	0.03%
	SCI	B	0.03%
	IEX	B	0.03%
	ACI	C	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%
	TRU	D	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	RVTY	F	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%
	GDDY	A	0.03%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	STE	F	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	MTD	D	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	DAL	C	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	AKAM	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	B	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	HII	D	0.03%
	XYL	D	0.03%
	NDAQ	A	0.03%
	WU	D	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	FFIV	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	DPZ	C	0.03%
	BAH	F	0.03%
	FTV	C	0.03%
	CE	F	0.03%
	RMD	C	0.03%
	IR	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	ADSK	A	0.03%
	MKC	D	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%
	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%
	TFX	F	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%
	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%
	ANSS	B	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%
	IDXX	F	0.02%
	JKHY	D	0.02%
	HOG	D	0.02%
	APTV	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%
	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%
	BRO	B	0.02%
	GNRC	B	0.02%
	COR	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%
	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%
	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%
	LULU	C	0.01%
	UNFI	A	0.01%
	CRI	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 27 Positions Relative to UDIV

	Symbol	Grade	Weight
	PLTR	B	-0.31%
	CRWD	B	-0.3%
	MELI	D	-0.28%
	VRT	B	-0.18%
	ARES	A	-0.18%
	COIN	C	-0.13%
	MPWR	F	-0.12%
	ZS	C	-0.11%
	DASH	A	-0.11%
	DDOG	A	-0.09%
	AXON	A	-0.08%
	ELS	C	-0.07%
	WDAY	B	-0.06%
	SCCO	F	-0.06%
	HUBS	A	-0.06%
	SNOW	C	-0.06%
	TTD	B	-0.06%
	NET	B	-0.06%
	MDB	C	-0.05%
	RPRX	D	-0.04%
	ENTG	D	-0.04%
	SMCI	F	-0.03%
	AGR	B	-0.02%
	OKTA	C	-0.02%
	DT	C	-0.02%
	SIRI	C	-0.01%
	BSY	D	-0.01%

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

UDIV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Semiconductors Banks - Regional - US REIT - Residential Drug Manufacturers - Major Packaged Foods Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Retail Utilities - Diversified Banks - Global Business Services Household & Personal Products Semiconductor Equipment & Materials Discount Stores Packaging & Containers REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Real Estate Investment Trust Bank Banking Semiconductor Electronics Cloud Computing Mining Integrated Circuits Telecommunications Work From Home Cash Management Chemical Insurance Investment Bank