FNDX vs. VFMO ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$71.70

Average Daily Volume

405,224

Number of Holdings ^*

723

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$161.17

Average Daily Volume

26,710

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VFMO
30 Days	3.31%	5.89%
60 Days	10.17%	14.25%
90 Days	7.04%	7.54%
12 Months	32.75%	46.35%

164 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in VFMO	Overlap
ACGL	A	0.03%	0.16%	0.03%
AEO	C	0.01%	0.08%	0.01%
AFL	A	0.21%	0.07%	0.07%
AIG	C	0.27%	0.33%	0.27%
AIZ	B	0.03%	0.18%	0.03%
AJG	C	0.05%	0.18%	0.05%
ALL	A	0.26%	0.21%	0.21%
ALLY	F	0.09%	0.08%	0.08%
ALSN	A	0.04%	0.34%	0.04%
AMAT	C	0.27%	0.57%	0.27%
AMD	C	0.11%	0.05%	0.05%
AMZN	C	1.42%	0.79%	0.79%
ANDE	D	0.01%	0.07%	0.01%
ANET	A	0.04%	0.06%	0.04%
ANET	A	0.04%	1.31%	0.04%
AOS	C	0.03%	0.05%	0.03%
APH	D	0.08%	0.58%	0.08%
APO	A	0.02%	0.9%	0.02%
ARCH	D	0.01%	0.03%	0.01%
AVGO	B	0.63%	1.34%	0.63%
AXP	A	0.35%	0.45%	0.35%
AYI	A	0.04%	0.13%	0.04%
BAH	C	0.04%	0.1%	0.04%
BALL	C	0.06%	0.04%	0.04%
BCC	C	0.04%	0.15%	0.04%
BKNG	B	0.21%	0.29%	0.21%
BLD	D	0.01%	0.14%	0.01%
BLDR	C	0.06%	0.18%	0.06%
BPOP	D	0.02%	0.3%	0.02%
BRO	A	0.02%	0.07%	0.02%
BSX	A	0.09%	0.53%	0.09%
BX	C	0.11%	0.16%	0.11%
C	B	1.02%	0.85%	0.85%
CACI	A	0.03%	0.02%	0.02%
CAH	B	0.07%	0.07%	0.07%
CARR	A	0.13%	0.15%	0.13%
CASY	D	0.05%	0.13%	0.05%
CAT	A	0.42%	0.34%	0.34%
CBOE	B	0.01%	0.06%	0.01%
CMG	C	0.04%	0.85%	0.04%
CNX	A	0.01%	0.03%	0.01%
COST	C	0.65%	0.54%	0.54%
CPAY	A	0.05%	0.06%	0.05%
CPRT	B	0.03%	0.14%	0.03%
CRBG	B	0.04%	0.23%	0.04%
CRM	B	0.13%	0.34%	0.13%
CSL	A	0.05%	0.19%	0.05%
CW	A	0.02%	0.13%	0.02%
DECK	B	0.03%	0.38%	0.03%
DHI	C	0.19%	0.29%	0.19%
DKS	D	0.04%	0.2%	0.04%
DPZ	D	0.03%	0.18%	0.03%
DVA	C	0.06%	0.2%	0.06%
EHC	C	0.02%	0.11%	0.02%
EME	B	0.05%	0.44%	0.05%
ETN	B	0.21%	0.86%	0.21%
EVR	C	0.04%	0.19%	0.04%
EWBC	B	0.03%	0.2%	0.03%
EXP	C	0.02%	0.13%	0.02%
FANG	D	0.05%	0.37%	0.05%
FCNCA	D	0.02%	0.25%	0.02%
FCX	B	0.17%	0.12%	0.12%
FHN	D	0.03%	0.22%	0.03%
FITB	C	0.12%	0.34%	0.12%
FNF	C	0.07%	0.05%	0.05%
FTI	B	0.01%	0.22%	0.01%
FYBR	C	0.04%	0.12%	0.04%
GAP	F	0.04%	0.12%	0.04%
GE	B	0.16%	1.09%	0.16%
GM	D	0.65%	0.28%	0.28%
GNW	A	0.03%	0.09%	0.03%
GOOG	B	1.09%	0.71%	0.71%
GPI	C	0.05%	0.03%	0.03%
GRMN	D	0.03%	0.09%	0.03%
GWW	B	0.07%	0.17%	0.07%
HLT	A	0.06%	0.32%	0.06%
HRB	C	0.01%	0.11%	0.01%
HUBB	A	0.03%	0.13%	0.03%
IBM	A	0.59%	0.18%	0.18%
INTU	F	0.1%	0.05%	0.05%
IT	A	0.03%	0.06%	0.03%
JEF	A	0.05%	0.08%	0.05%
JPM	C	1.81%	0.37%	0.37%
JXN	A	0.04%	0.18%	0.04%
KD	D	0.04%	0.11%	0.04%
KEY	B	0.09%	0.32%	0.09%
KKR	A	0.11%	1.06%	0.11%
KLAC	B	0.1%	0.82%	0.1%
LDOS	A	0.07%	0.18%	0.07%
LEN	C	0.18%	0.34%	0.18%
LEN	C	0.18%	0.04%	0.04%
LII	C	0.03%	0.13%	0.03%
LIN	C	0.36%	0.16%	0.16%
LLY	D	0.23%	1.29%	0.23%
LRCX	D	0.17%	0.81%	0.17%
M	D	0.06%	0.05%	0.05%
MATX	C	0.01%	0.11%	0.01%
MCK	F	0.09%	0.76%	0.09%
META	A	1.79%	1.14%	1.14%
MLI	B	0.03%	0.08%	0.03%
MPC	D	0.42%	0.69%	0.42%
MSFT	D	2.49%	0.24%	0.24%
MTG	A	0.02%	0.11%	0.02%
MTH	C	0.04%	0.12%	0.04%
MU	D	0.42%	0.9%	0.42%
MUSA	D	0.04%	0.11%	0.04%
NFLX	A	0.15%	1.16%	0.15%
NOW	B	0.01%	0.25%	0.01%
NSIT	B	0.03%	0.19%	0.03%
NVDA	B	0.34%	1.49%	0.34%
NVR	C	0.08%	0.25%	0.08%
NVT	C	0.02%	0.15%	0.02%
NWSA	D	0.04%	0.03%	0.03%
OC	C	0.06%	0.15%	0.06%
OMF	D	0.05%	0.21%	0.05%
ORI	A	0.05%	0.1%	0.05%
PAG	D	0.02%	0.04%	0.02%
PBF	F	0.03%	0.05%	0.03%
PCAR	D	0.13%	0.78%	0.13%
PFGC	A	0.06%	0.04%	0.04%
PGR	B	0.23%	0.89%	0.23%
PH	A	0.12%	0.51%	0.12%
PHM	C	0.13%	0.34%	0.13%
PNR	C	0.04%	0.08%	0.04%
PRI	A	0.02%	0.11%	0.02%
PSX	D	0.37%	0.69%	0.37%
PVH	D	0.04%	0.05%	0.04%
PWR	A	0.07%	0.08%	0.07%
QCOM	D	0.45%	0.29%	0.29%
RGA	B	0.04%	0.07%	0.04%
RL	B	0.03%	0.18%	0.03%
ROST	D	0.08%	0.1%	0.08%
RS	D	0.08%	0.13%	0.08%
RUSHA	D	0.02%	0.11%	0.02%
SCHW	D	0.1%	0.15%	0.1%
SFM	A	0.04%	0.34%	0.04%
SHW	C	0.08%	0.25%	0.08%
SKX	B	0.03%	0.22%	0.03%
SLM	B	0.04%	0.16%	0.04%
SM	D	0.02%	0.2%	0.02%
SNPS	F	0.03%	0.04%	0.03%
STLD	C	0.1%	0.2%	0.1%
TDG	A	0.07%	0.71%	0.07%
TDS	C	0.04%	0.11%	0.04%
THC	D	0.07%	0.12%	0.07%
TJX	D	0.22%	0.29%	0.22%
TMHC	C	0.04%	0.14%	0.04%
TOL	C	0.06%	0.28%	0.06%
TPH	C	0.03%	0.05%	0.03%
TPX	C	0.02%	0.14%	0.02%
TRGP	A	0.06%	0.2%	0.06%
TT	A	0.06%	0.73%	0.06%
UBER	C	0.04%	0.81%	0.04%
UHAL	C	0.02%	0.03%	0.02%
URI	C	0.13%	0.23%	0.13%
USFD	C	0.07%	0.05%	0.05%
VLO	F	0.38%	0.14%	0.14%
VRTX	D	0.07%	0.19%	0.07%
WAB	A	0.06%	0.23%	0.06%
WDC	C	0.13%	0.2%	0.13%
WFC	B	1.06%	0.95%	0.95%
WRB	C	0.03%	0.1%	0.03%
WSM	C	0.05%	0.23%	0.05%
WSO	C	0.03%	0.09%	0.03%

FNDX Overweight 561 Positions Relative to VFMO

Symbol	Grade	Weight
AAPL	C	4.43%
BRK.A	B	2.17%
XOM	A	1.96%
WMT	A	1.42%
VZ	C	1.27%
GOOGL	B	1.27%
T	B	1.27%
UNH	B	1.22%
CVX	B	1.15%
BAC	B	1.14%
JNJ	D	0.97%
INTC	D	0.87%
CMCSA	B	0.81%
PG	D	0.81%
HD	A	0.8%
PFE	D	0.78%
CSCO	A	0.77%
CVS	D	0.77%
ABBV	C	0.58%
LUMN	C	0.56%
GS	B	0.54%
CI	D	0.52%
MRK	F	0.5%
ELV	F	0.47%
COP	D	0.46%
PM	D	0.46%
ORCL	A	0.46%
AMGN	D	0.44%
PEP	F	0.43%
LOW	C	0.43%
DIS	D	0.41%
KO	C	0.41%
BMY	A	0.4%
COF	A	0.4%
LMT	A	0.4%
TGT	C	0.39%
UNP	F	0.38%
MMM	C	0.37%
MS	A	0.37%
GILD	A	0.35%
RTX	A	0.35%
MO	D	0.35%
TXN	C	0.35%
ACN	B	0.35%
MCD	A	0.35%
ABT	C	0.34%
HON	C	0.34%
F	D	0.33%
V	B	0.33%
DUK	C	0.32%
CHTR	D	0.3%
USB	C	0.3%
TRV	B	0.29%
TMO	D	0.29%
KR	C	0.29%
UPS	D	0.29%
FDX	F	0.29%
NEE	C	0.28%
MA	A	0.28%
SBUX	B	0.28%
CB	A	0.27%
SO	A	0.27%
PNC	C	0.27%
BLK	A	0.26%
MET	A	0.26%
SYF	A	0.26%
BK	A	0.25%
DE	C	0.25%
CNC	F	0.25%
TSLA	C	0.24%
ADM	F	0.24%
HCA	C	0.24%
DOW	B	0.23%
NKE	D	0.23%
MDLZ	D	0.23%
EOG	B	0.22%
HUM	F	0.22%
GD	C	0.22%
PRU	B	0.22%
TMUS	A	0.22%
DFS	A	0.21%
NOC	B	0.21%
TFC	D	0.21%
CSX	D	0.21%
NSC	C	0.2%
NUE	D	0.2%
HPE	B	0.2%
HPQ	B	0.2%
PYPL	A	0.2%
KMI	A	0.19%
TSN	D	0.19%
DD	C	0.19%
ADBE	F	0.19%
NEM	C	0.18%
WBA	F	0.18%
EXC	C	0.18%
EBAY	A	0.18%
CTSH	B	0.18%
D	A	0.18%
BBY	C	0.18%
DHR	D	0.17%
AEP	C	0.17%
CMI	A	0.17%
MDT	C	0.17%
LHX	A	0.16%
LYB	B	0.16%
IP	C	0.15%
EMR	B	0.15%
SPGI	C	0.15%
ITW	C	0.15%
JCI	C	0.15%
AMT	D	0.14%
REGN	D	0.14%
GLW	C	0.14%
VST	A	0.14%
BKR	B	0.14%
ADP	A	0.14%
WMB	A	0.14%
ADI	B	0.14%
MMC	D	0.14%
HIG	A	0.14%
WM	B	0.14%
CL	D	0.14%
BA	F	0.13%
ED	C	0.13%
GIS	C	0.13%
BG	F	0.12%
BDX	C	0.12%
XEL	C	0.12%
TROW	D	0.12%
OKE	A	0.12%
CEG	A	0.12%
SLB	D	0.12%
AON	A	0.12%
APD	C	0.12%
SRE	C	0.12%
SYK	C	0.12%
AMP	A	0.12%
CBRE	C	0.12%
CCI	D	0.11%
NRG	A	0.11%
GEHC	C	0.11%
BIIB	F	0.11%
ETR	A	0.11%
KHC	F	0.11%
KMB	D	0.11%
PPL	C	0.11%
FIS	A	0.11%
PEG	A	0.11%
TEL	D	0.11%
OXY	D	0.11%
FI	A	0.11%
ICE	A	0.11%
FE	C	0.1%
STX	C	0.1%
WELL	C	0.1%
SPG	A	0.1%
ORLY	A	0.1%
SYY	D	0.1%
WY	C	0.1%
EIX	C	0.1%
PARA	F	0.1%
EMN	C	0.09%
SWK	C	0.09%
JLL	C	0.09%
ES	D	0.09%
SW	C	0.09%
ECL	C	0.09%
FOXA	B	0.09%
DVN	F	0.09%
ARW	C	0.09%
MTB	A	0.09%
PPG	D	0.09%
PFG	A	0.09%
CTVA	A	0.09%
VTRS	D	0.09%
WKC	A	0.09%
UHS	D	0.09%
DG	F	0.09%
CFG	C	0.09%
STT	A	0.09%
AVT	B	0.08%
GPN	F	0.08%
DLR	C	0.08%
RF	B	0.08%
IQV	F	0.08%
CHRW	C	0.08%
STZ	D	0.08%
ISRG	C	0.08%
CME	A	0.08%
CTAS	C	0.08%
OMC	C	0.08%
DTE	B	0.08%
EA	D	0.08%
PLD	D	0.08%
VTR	C	0.08%
MRO	B	0.08%
YUM	C	0.08%
BAX	D	0.08%
KDP	C	0.08%
ZTS	C	0.08%
MAR	A	0.08%
WEC	B	0.08%
EQIX	C	0.08%
KMX	F	0.07%
NTRS	B	0.07%
WTW	C	0.07%
IRM	B	0.07%
K	B	0.07%
FAST	C	0.07%
CINF	A	0.07%
MOS	F	0.07%
PKG	B	0.07%
CAG	D	0.07%
AEE	A	0.07%
CF	A	0.07%
MHK	C	0.07%
DGX	D	0.07%
MCO	D	0.07%
EVRG	C	0.07%
AES	C	0.07%
X	F	0.07%
KSS	D	0.07%
WBD	F	0.07%
NTAP	D	0.07%
WHR	C	0.07%
AN	D	0.06%
FLEX	B	0.06%
ROK	D	0.06%
OGN	F	0.06%
BWA	C	0.06%
MAS	C	0.06%
DINO	F	0.06%
AA	B	0.06%
LKQ	F	0.06%
CDW	D	0.06%
GPC	D	0.06%
IFF	D	0.06%
CMA	C	0.06%
PAYX	B	0.06%
TSCO	A	0.06%
TXT	F	0.06%
JBL	C	0.06%
HWM	A	0.06%
PSA	C	0.06%
J	F	0.06%
SJM	D	0.06%
LEA	F	0.06%
MCHP	F	0.06%
MGM	D	0.06%
AZO	D	0.06%
HAL	D	0.06%
MSI	A	0.06%
DOV	C	0.06%
RSG	D	0.06%
CNP	B	0.06%
CMS	A	0.06%
A	B	0.06%
LAD	C	0.06%
R	C	0.06%
CE	D	0.06%
VFC	A	0.06%
HBAN	B	0.06%
TPR	B	0.05%
BFH	D	0.05%
AFG	A	0.05%
SNA	C	0.05%
HSIC	D	0.05%
AWK	D	0.05%
EQH	B	0.05%
ZION	D	0.05%
QRVO	F	0.05%
TER	C	0.05%
L	C	0.05%
ZBH	F	0.05%
CCL	C	0.05%
AME	C	0.05%
OVV	D	0.05%
SWKS	F	0.05%
UNM	A	0.05%
UGI	C	0.05%
IVZ	A	0.05%
DXC	C	0.05%
DRI	C	0.05%
LNC	B	0.05%
ODFL	F	0.05%
JNPR	C	0.05%
TAP	D	0.05%
AVB	C	0.05%
BXP	B	0.05%
MOH	F	0.05%
HES	D	0.05%
MAN	D	0.05%
EL	D	0.05%
ROP	D	0.05%
EQR	C	0.05%
LNG	A	0.05%
OTIS	A	0.05%
NXPI	F	0.05%
DLTR	F	0.05%
KVUE	C	0.05%
ULTA	D	0.04%
LPX	C	0.04%
FL	F	0.04%
RMD	C	0.04%
FTV	C	0.04%
AMG	B	0.04%
MRVL	C	0.04%
CLF	D	0.04%
HAS	A	0.04%
XYL	C	0.04%
DOC	C	0.04%
AKAM	D	0.04%
ZIM	D	0.04%
WCC	D	0.04%
MTD	C	0.04%
SSNC	C	0.04%
RHI	D	0.04%
ZBRA	B	0.04%
WAT	B	0.04%
WU	D	0.04%
UFPI	C	0.04%
GT	F	0.04%
EQT	C	0.04%
GEN	A	0.04%
SWN	D	0.04%
CLX	C	0.04%
MKC	C	0.04%
ATO	A	0.04%
KEYS	B	0.04%
OLN	D	0.04%
LVS	B	0.04%
CHD	D	0.04%
DOX	B	0.04%
HST	D	0.04%
O	C	0.04%
IPG	D	0.04%
VRSK	D	0.04%
AVY	D	0.04%
CCK	C	0.04%
MLM	F	0.04%
RJF	B	0.04%
HSY	D	0.04%
EW	F	0.04%
BEN	F	0.04%
EXPD	D	0.04%
VMC	D	0.04%
PNW	C	0.04%
KNX	D	0.04%
HUN	B	0.04%
LNT	B	0.04%
HOLX	D	0.04%
FAF	C	0.04%
FBIN	C	0.04%
ON	F	0.04%
VNO	B	0.04%
HII	F	0.04%
INGR	B	0.04%
THO	C	0.04%
ACM	A	0.04%
MRNA	F	0.04%
MNST	D	0.04%
BERY	C	0.04%
NI	A	0.04%
MKL	B	0.04%
JBHT	D	0.04%
SCI	D	0.03%
SEIC	B	0.03%
TDY	A	0.03%
AR	C	0.03%
IEX	D	0.03%
VICI	C	0.03%
TTWO	D	0.03%
SOLV	C	0.03%
ILMN	B	0.03%
CAR	D	0.03%
ALGN	D	0.03%
SUI	D	0.03%
LSTR	F	0.03%
ACI	F	0.03%
FLR	B	0.03%
BTU	B	0.03%
SEE	C	0.03%
PII	D	0.03%
HOG	D	0.03%
IDXX	D	0.03%
ITT	C	0.03%
JHG	A	0.03%
ABG	D	0.03%
PCG	C	0.03%
INVH	D	0.03%
SON	D	0.03%
SAIC	A	0.03%
BURL	C	0.03%
AVTR	D	0.03%
AAP	F	0.03%
ALB	D	0.03%
KIM	C	0.03%
GNTX	D	0.03%
MSCI	B	0.03%
BBWI	F	0.03%
TRMB	B	0.03%
CG	B	0.03%
FTNT	A	0.03%
TRU	C	0.03%
VOYA	A	0.03%
PANW	B	0.03%
CIEN	A	0.03%
CPRI	C	0.03%
SNX	C	0.03%
NWL	D	0.03%
BC	C	0.03%
RVTY	C	0.03%
ARMK	C	0.03%
EXPE	B	0.03%
KBH	D	0.03%
OGE	C	0.03%
FFIV	B	0.03%
APTV	D	0.03%
NDAQ	C	0.03%
RRX	B	0.03%
MTZ	A	0.03%
SANM	D	0.03%
ADSK	B	0.03%
STE	D	0.03%
ESS	D	0.03%
CDNS	D	0.03%
CHK	C	0.03%
CMC	D	0.03%
CTRA	D	0.03%
LPLA	D	0.03%
FMC	C	0.03%
GPK	D	0.03%
HBI	B	0.03%
ARE	D	0.03%
IR	A	0.03%
OSK	F	0.03%
BR	B	0.03%
NXST	D	0.03%
MAA	D	0.03%
GL	C	0.03%
HRL	F	0.03%
AMCR	C	0.03%
CPB	D	0.03%
AGCO	D	0.03%
EXR	D	0.03%
CNO	B	0.03%
EFX	D	0.03%
APA	F	0.03%
GEV	A	0.03%
RPM	A	0.03%
VAC	D	0.02%
MTN	D	0.02%
ALV	F	0.02%
QRTEA	D	0.02%
LW	D	0.02%
EPAM	F	0.02%
EG	A	0.02%
MKSI	F	0.02%
FLO	D	0.02%
AER	C	0.02%
WLK	C	0.02%
ODP	F	0.02%
DAN	D	0.02%
MIDD	D	0.02%
CRI	D	0.02%
WERN	D	0.02%
WST	D	0.02%
GXO	D	0.02%
ANSS	D	0.02%
KBR	A	0.02%
CHKP	A	0.02%
LECO	D	0.02%
AL	D	0.02%
ADNT	F	0.02%
HUBG	D	0.02%
POR	D	0.02%
SLG	C	0.02%
REZI	D	0.02%
BECN	D	0.02%
NFG	A	0.02%
OI	D	0.02%
TTC	F	0.02%
TKR	B	0.02%
PENN	D	0.02%
GLPI	C	0.02%
XRAY	D	0.02%
ASGN	D	0.02%
NAVI	D	0.02%
CCEP	C	0.02%
LEG	D	0.02%
NDSN	C	0.02%
MUR	F	0.02%
GNRC	B	0.02%
POST	C	0.02%
GGG	C	0.02%
DCI	B	0.02%
CZR	B	0.02%
SBAC	C	0.02%
WPC	C	0.02%
NOV	F	0.02%
TGNA	B	0.02%
SQ	D	0.02%
CTLT	A	0.02%
ABM	D	0.02%
JKHY	A	0.02%
STWD	C	0.02%
DAR	F	0.02%
BRX	C	0.02%
ATR	A	0.02%
CPT	C	0.02%
TFX	C	0.02%
REG	C	0.02%
SNV	D	0.02%
DELL	C	0.02%
LUV	B	0.02%
AXTA	C	0.02%
POOL	D	0.02%
ASO	D	0.02%
COR	F	0.02%
BJ	B	0.02%
ST	F	0.02%
THG	A	0.02%
MDU	C	0.02%
PK	D	0.02%
MPW	C	0.02%
GDDY	B	0.02%
XRX	D	0.02%
UDR	C	0.02%
LAMR	C	0.02%
DAL	C	0.02%
G	A	0.02%
CNH	C	0.02%
CC	D	0.02%
BAP	A	0.02%
VSH	F	0.01%
DBX	C	0.01%
CRL	F	0.01%
VRSN	C	0.01%
WTRG	D	0.01%
MSM	D	0.01%
JAZZ	F	0.01%
CHE	D	0.01%
CNXC	F	0.01%
MMS	C	0.01%
SPTN	C	0.01%
LILAK	D	0.01%
TNL	B	0.01%
AAL	D	0.01%
ICLR	F	0.01%
HTZ	F	0.01%
PRGO	F	0.01%
UNFI	C	0.01%
LULU	D	0.01%
JWN	D	0.01%
CYH	C	0.01%
ALLE	A	0.01%
FSLR	C	0.01%
DK	F	0.01%
ALK	C	0.01%
COHR	B	0.01%

FNDX Underweight 416 Positions Relative to VFMO

Symbol	Grade	Weight
CRWD	D	-1.07%
SMMT	D	-0.4%
NU	D	-0.4%
WING	C	-0.39%
SPOT	C	-0.38%
SKYW	B	-0.37%
AWI	A	-0.37%
AROC	B	-0.36%
AGO	B	-0.35%
CVNA	A	-0.33%
APP	A	-0.31%
FIX	A	-0.31%
VRT	B	-0.31%
CNM	F	-0.3%
WFRD	F	-0.3%
DKNG	C	-0.3%
IBP	C	-0.29%
ONTO	B	-0.29%
GPOR	B	-0.28%
RCL	B	-0.28%
CUBI	F	-0.28%
FN	B	-0.28%
SMCI	F	-0.27%
BPMC	F	-0.26%
XPO	F	-0.25%
ANF	D	-0.25%
BLBD	D	-0.25%
MSTR	B	-0.24%
SAIA	D	-0.24%
CR	A	-0.23%
BRBR	A	-0.23%
INSM	D	-0.23%
SFL	D	-0.23%
SSD	B	-0.23%
AZEK	D	-0.22%
HOOD	B	-0.22%
LBRT	D	-0.22%
FBP	B	-0.22%
TNK	C	-0.22%
NTNX	C	-0.22%
GFF	C	-0.21%
PPC	C	-0.21%
PCVX	C	-0.21%
ASPN	C	-0.21%
STC	D	-0.21%
AZZ	B	-0.21%
FICO	C	-0.2%
OSCR	C	-0.2%
REVG	D	-0.2%
HLX	C	-0.2%
CYTK	D	-0.2%
IESC	A	-0.2%
ELF	F	-0.2%
LRN	D	-0.2%
VCTR	A	-0.19%
FRPT	A	-0.19%
MEDP	F	-0.19%
TPG	A	-0.19%
ADMA	A	-0.19%
POWL	B	-0.19%
SCCO	B	-0.19%
ESTC	F	-0.19%
MLKN	F	-0.19%
GKOS	B	-0.19%
INSW	B	-0.19%
COIN	F	-0.18%
LMB	B	-0.18%
FULT	D	-0.18%
DHT	B	-0.18%
LBPH	D	-0.18%
CELH	F	-0.18%
BKD	F	-0.17%
CSWI	A	-0.17%
CLH	B	-0.17%
TDW	F	-0.17%
COOP	B	-0.17%
RNA	B	-0.17%
WULF	C	-0.17%
VKTX	C	-0.17%
PR	D	-0.17%
GWRE	A	-0.17%
NTRA	A	-0.17%
VERA	C	-0.16%
APG	F	-0.16%
AXON	A	-0.16%
MOG.A	C	-0.16%
ESAB	C	-0.16%
AIT	B	-0.16%
INVA	B	-0.16%
MOD	B	-0.16%
MCY	B	-0.16%
SKWD	A	-0.16%
ARES	A	-0.16%
ATGE	D	-0.15%
TPC	A	-0.15%
CRNX	C	-0.15%
RXST	F	-0.15%
CACC	F	-0.15%
SGBX	F	-0.15%
NAT	B	-0.15%
HQY	B	-0.15%
LNW	F	-0.15%
ASB	D	-0.15%
CADE	B	-0.15%
OWL	A	-0.15%
RVMD	B	-0.14%
NUVL	B	-0.14%
LPG	F	-0.14%
JANX	C	-0.14%
AFRM	C	-0.14%
RSI	B	-0.14%
PSN	A	-0.14%
STRL	B	-0.14%
VITL	C	-0.14%
DYN	D	-0.14%
NR	F	-0.14%
WMS	D	-0.14%
AMR	F	-0.13%
CDRE	A	-0.13%
BGC	B	-0.13%
AVAV	B	-0.13%
IBKR	A	-0.13%
ZIMV	F	-0.13%
NHC	D	-0.13%
HOV	D	-0.13%
HUMA	F	-0.13%
ROAD	C	-0.13%
DJT	F	-0.13%
CLSK	F	-0.13%
EWTX	B	-0.13%
UTI	F	-0.13%
AMRX	B	-0.13%
MHO	C	-0.13%
LYFT	D	-0.13%
PTVE	D	-0.13%
TREX	D	-0.12%
HURN	D	-0.12%
VNT	F	-0.12%
BV	A	-0.12%
TNC	F	-0.12%
HCC	C	-0.12%
GIII	C	-0.12%
ARDX	D	-0.12%
LQDA	F	-0.12%
TREE	C	-0.12%
SCS	D	-0.12%
HUBS	D	-0.12%
CBZ	F	-0.11%
TWST	D	-0.11%
ANNX	C	-0.11%
EYPT	F	-0.11%
AMWD	C	-0.11%
ACLX	C	-0.11%
ACIC	D	-0.11%
RYTM	C	-0.11%
ALT	F	-0.11%
KRYS	D	-0.11%
CIFR	C	-0.11%
YMAB	C	-0.11%
ATI	C	-0.11%
OFG	D	-0.11%
COLL	A	-0.11%
ANAB	D	-0.11%
BKU	D	-0.11%
HY	D	-0.11%
GNK	D	-0.11%
ENSG	D	-0.11%
HRTX	D	-0.11%
EVER	D	-0.11%
PRIM	A	-0.11%
CMPR	F	-0.11%
GBX	C	-0.1%
MARA	F	-0.1%
CXW	F	-0.1%
ITGR	B	-0.1%
NPO	C	-0.1%
REX	D	-0.1%
EU	C	-0.1%
NNBR	C	-0.1%
EGY	D	-0.1%
PLTR	A	-0.1%
AUR	C	-0.1%
SRRK	F	-0.1%
MSA	F	-0.1%
WWD	C	-0.1%
PTGX	C	-0.1%
MTX	C	-0.1%
TARS	C	-0.1%
NRIX	D	-0.1%
COKE	C	-0.1%
GOGL	C	-0.1%
CRS	B	-0.1%
AGM	D	-0.1%
GEO	D	-0.1%
NKTX	F	-0.1%
HNI	B	-0.1%
STNG	B	-0.1%
MSGE	B	-0.09%
ORIC	F	-0.09%
DASH	A	-0.09%
SPNT	D	-0.09%
BELFB	A	-0.09%
DAWN	D	-0.09%
TMDX	D	-0.09%
UWMC	D	-0.09%
NBIX	F	-0.09%
EOLS	C	-0.09%
UEC	C	-0.09%
ABCB	C	-0.09%
CENX	C	-0.09%
SLVM	C	-0.09%
NEU	F	-0.09%
SHAK	A	-0.09%
AM	A	-0.09%
PRMW	B	-0.09%
PETQ	A	-0.09%
TILE	C	-0.09%
FOR	D	-0.09%
IDYA	F	-0.09%
TK	B	-0.09%
CGEM	F	-0.09%
CECO	D	-0.09%
METC	D	-0.09%
HCI	B	-0.09%
OII	D	-0.09%
ANIP	F	-0.09%
SIGA	F	-0.08%
IMVT	D	-0.08%
DUOL	B	-0.08%
KROS	C	-0.08%
SWTX	F	-0.08%
GRND	D	-0.08%
SXI	B	-0.08%
VECO	F	-0.08%
GRBK	C	-0.08%
BASE	F	-0.08%
TROX	D	-0.08%
RDNT	C	-0.08%
GERN	D	-0.08%
ACMR	D	-0.08%
ELAN	D	-0.08%
MAX	C	-0.08%
BOH	D	-0.08%
PLAY	D	-0.08%
BBIO	F	-0.08%
KALV	F	-0.08%
SMTC	C	-0.08%
IOVA	D	-0.08%
KURA	F	-0.08%
FG	B	-0.08%
PRCT	D	-0.08%
OLLI	C	-0.08%
SOUN	F	-0.08%
INOD	D	-0.07%
AMAL	B	-0.07%
OSW	B	-0.07%
UVV	D	-0.07%
PRDO	D	-0.07%
OCUL	B	-0.07%
RDN	D	-0.07%
DFH	C	-0.07%
LAUR	C	-0.07%
CHCO	D	-0.07%
APPF	C	-0.07%
ICFI	C	-0.07%
PSTG	F	-0.07%
KTB	C	-0.07%
AGIO	D	-0.07%
WINA	C	-0.07%
PINS	D	-0.07%
PATK	A	-0.07%
HEES	D	-0.07%
WOR	F	-0.07%
ALKT	D	-0.07%
CDE	C	-0.07%
VSEC	D	-0.07%
ALXO	F	-0.07%
HWKN	B	-0.07%
SPB	C	-0.06%
WTS	C	-0.06%
UVE	C	-0.06%
NVRI	D	-0.06%
MTSI	B	-0.06%
AIR	C	-0.06%
SVRA	F	-0.06%
WEAV	B	-0.06%
BAND	C	-0.06%
VIRT	B	-0.06%
UFPT	D	-0.06%
MPWR	B	-0.06%
OLMA	F	-0.06%
JOE	D	-0.06%
RKT	D	-0.06%
PTC	B	-0.06%
TNDM	D	-0.06%
ACVA	C	-0.06%
SIG	C	-0.06%
MDXG	F	-0.06%
KOP	F	-0.06%
SPRY	C	-0.06%
SANA	F	-0.06%
TGI	F	-0.05%
ACT	B	-0.05%
TRMK	D	-0.05%
ALTR	B	-0.05%
PRK	D	-0.05%
WDFC	B	-0.05%
NTB	D	-0.05%
LZB	D	-0.05%
FDMT	F	-0.05%
JELD	D	-0.05%
CENT	F	-0.05%
VCEL	F	-0.05%
STEP	A	-0.05%
ARLO	F	-0.05%
FSS	D	-0.05%
CAL	F	-0.05%
ACA	C	-0.05%
CASH	C	-0.05%
CRAI	B	-0.05%
WTFC	B	-0.05%
CSTL	B	-0.05%
AGYS	D	-0.05%
ZEUS	F	-0.05%
GMS	B	-0.05%
QNST	C	-0.05%
DFIN	B	-0.04%
PRM	C	-0.04%
SB	C	-0.04%
BLX	B	-0.04%
MTRN	F	-0.04%
MBI	F	-0.04%
DDS	D	-0.04%
PAR	D	-0.04%
TPB	C	-0.04%
PNTG	C	-0.04%
PI	A	-0.04%
AX	D	-0.04%
PACK	F	-0.04%
CTS	B	-0.04%
EXEL	B	-0.04%
CMRE	C	-0.04%
IBOC	D	-0.04%
INZY	D	-0.04%
DAKT	D	-0.04%
ARCT	D	-0.04%
OCGN	F	-0.04%
OSIS	C	-0.04%
HIMS	C	-0.04%
URGN	F	-0.04%
KTOS	B	-0.04%
MRSN	D	-0.04%
CRVL	C	-0.04%
SHOO	A	-0.04%
PFBC	D	-0.04%
VRNS	B	-0.04%
NMRK	C	-0.04%
CRDO	B	-0.04%
SPOK	D	-0.04%
MYRG	D	-0.03%
LYTS	B	-0.03%
TRN	C	-0.03%
GOLF	F	-0.03%
PRG	C	-0.03%
MBIN	C	-0.03%
PFSI	C	-0.03%
SCVL	D	-0.03%
CHRD	F	-0.03%
EPAC	A	-0.03%
NMIH	B	-0.03%
LOPE	D	-0.03%
URBN	F	-0.03%
GIC	D	-0.03%
STNE	F	-0.03%
XERS	B	-0.03%
CCS	C	-0.03%
LOB	B	-0.03%
SEMR	C	-0.03%
MIR	B	-0.03%
CDLX	F	-0.03%
SXC	F	-0.03%
RAMP	F	-0.03%
PARR	F	-0.03%
DXPE	C	-0.03%
EAT	A	-0.03%
ROCK	D	-0.03%
THR	F	-0.03%
GSHD	B	-0.02%
GTES	C	-0.02%
IDT	C	-0.02%
CRMD	A	-0.02%
BHE	C	-0.02%
CCOI	B	-0.02%
WAL	C	-0.02%
KEX	C	-0.02%
PFC	D	-0.02%
AGX	A	-0.02%
USLM	C	-0.02%
CPF	C	-0.02%
FBK	B	-0.02%
PLMR	A	-0.02%
SPNS	B	-0.02%
ATRO	D	-0.02%
KRUS	D	-0.02%
AAON	A	-0.02%
ITRI	C	-0.02%
KALU	D	-0.02%
MITK	F	-0.02%
PAGS	F	-0.02%
WRLD	F	-0.02%
LEU	A	-0.02%
ZETA	B	-0.02%
CPS	F	-0.02%
SCSC	D	-0.02%
ASC	D	-0.02%
KMPR	D	-0.02%