FNDX vs. VONG ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Vanguard Russell 1000 Growth ETF (VONG)

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

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

VONG

Vanguard Russell 1000 Growth ETF

VONG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Growth Index. The index is designed to measure the performance of large-capitalization growth stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$101.32

Average Daily Volume

693,878

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	VONG
30 Days	2.37%	2.37%
60 Days	4.07%	5.82%
90 Days	5.72%	7.12%
12 Months	28.68%	36.13%

211 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in VONG	Overlap
	AAL	B	0.01%	0.0%	0.0%
	AAPL	C	4.35%	11.94%	4.35%
	ABBV	F	0.49%	0.57%	0.49%
	ADBE	C	0.2%	0.77%	0.2%
	ADP	A	0.15%	0.4%	0.15%
	ADSK	A	0.03%	0.22%	0.03%
	AJG	A	0.05%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.27%	0.03%	0.03%
	ALLY	C	0.1%	0.0%	0.0%
	AMAT	F	0.24%	0.5%	0.24%
	AMD	F	0.09%	0.56%	0.09%
	AMGN	F	0.39%	0.49%	0.39%
	AMP	A	0.15%	0.17%	0.15%
	AMT	C	0.11%	0.36%	0.11%
	AMZN	C	1.56%	6.3%	1.56%
	ANET	C	0.04%	0.36%	0.04%
	APH	A	0.09%	0.17%	0.09%
	APO	B	0.03%	0.2%	0.03%
	AVGO	D	0.61%	2.81%	0.61%
	AVY	F	0.04%	0.02%	0.02%
	AXP	A	0.36%	0.21%	0.21%
	AZO	C	0.06%	0.17%	0.06%
	BA	F	0.11%	0.06%	0.06%
	BAH	F	0.03%	0.08%	0.03%
	BKNG	A	0.24%	0.54%	0.24%
	BLD	D	0.01%	0.0%	0.0%
	BLDR	D	0.06%	0.01%	0.01%
	BPOP	C	0.02%	0.0%	0.0%
	BR	A	0.03%	0.08%	0.03%
	BRO	B	0.02%	0.04%	0.02%
	BURL	B	0.03%	0.06%	0.03%
	BX	A	0.13%	0.43%	0.13%
	CAH	B	0.07%	0.06%	0.06%
	CAR	C	0.03%	0.0%	0.0%
	CASY	A	0.05%	0.01%	0.01%
	CAT	B	0.41%	0.09%	0.09%
	CC	C	0.02%	0.0%	0.0%
	CDNS	B	0.03%	0.27%	0.03%
	CDW	F	0.04%	0.05%	0.04%
	CE	F	0.03%	0.01%	0.01%
	CEG	C	0.1%	0.05%	0.05%
	CHE	D	0.01%	0.0%	0.0%
	CI	D	0.48%	0.03%	0.03%
	CL	D	0.13%	0.15%	0.13%
	CLF	F	0.03%	0.01%	0.01%
	CLX	A	0.04%	0.07%	0.04%
	CMG	B	0.04%	0.28%	0.04%
	COR	B	0.02%	0.14%	0.02%
	COST	A	0.66%	1.41%	0.66%
	CPAY	A	0.06%	0.08%	0.06%
	CPRT	B	0.03%	0.15%	0.03%
	CRM	B	0.15%	0.84%	0.15%
	CSL	C	0.05%	0.01%	0.01%
	CTAS	B	0.08%	0.25%	0.08%
	DBX	B	0.01%	0.01%	0.01%
	DECK	A	0.03%	0.09%	0.03%
	DELL	B	0.03%	0.02%	0.02%
	DKS	D	0.04%	0.0%	0.0%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.05%	0.04%	0.04%
	DVA	C	0.06%	0.03%	0.03%
	ECL	D	0.08%	0.19%	0.08%
	EFX	F	0.03%	0.02%	0.02%
	EG	C	0.02%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.36%	0.05%	0.05%
	EME	A	0.06%	0.03%	0.03%
	EPAM	B	0.02%	0.0%	0.0%
	EQH	C	0.05%	0.05%	0.05%
	EQIX	A	0.08%	0.02%	0.02%
	EQT	B	0.04%	0.0%	0.0%
	EW	C	0.04%	0.03%	0.03%
	EXP	B	0.03%	0.03%	0.03%
	EXPD	C	0.04%	0.01%	0.01%
	EXPE	B	0.04%	0.07%	0.04%
	FAST	B	0.07%	0.14%	0.07%
	FI	A	0.13%	0.13%	0.13%
	FTNT	C	0.03%	0.15%	0.03%
	GDDY	A	0.03%	0.09%	0.03%
	GE	D	0.15%	0.15%	0.15%
	GEHC	D	0.09%	0.01%	0.01%
	GNRC	C	0.02%	0.02%	0.02%
	GOOG	C	1.14%	3.09%	1.14%
	GOOGL	C	1.33%	3.66%	1.33%
	GS	A	0.62%	0.16%	0.16%
	GWW	B	0.08%	0.15%	0.08%
	HAS	D	0.03%	0.03%	0.03%
	HCA	F	0.2%	0.06%	0.06%
	HD	B	0.8%	1.13%	0.8%
	HES	B	0.06%	0.09%	0.06%
	HLT	A	0.06%	0.11%	0.06%
	HON	C	0.37%	0.08%	0.08%
	HPQ	B	0.21%	0.03%	0.03%
	HRB	D	0.01%	0.01%	0.01%
	HSY	F	0.04%	0.01%	0.01%
	HWM	A	0.07%	0.01%	0.01%
	IDXX	F	0.02%	0.12%	0.02%
	INTU	B	0.11%	0.61%	0.11%
	IQV	F	0.07%	0.02%	0.02%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	A	0.09%	0.65%	0.09%
	IT	C	0.03%	0.14%	0.03%
	ITW	B	0.15%	0.11%	0.11%
	JBL	C	0.06%	0.0%	0.0%
	JEF	A	0.06%	0.01%	0.01%
	JLL	D	0.08%	0.01%	0.01%
	KBR	F	0.02%	0.0%	0.0%
	KKR	A	0.12%	0.1%	0.1%
	KLAC	F	0.08%	0.33%	0.08%
	KMB	C	0.1%	0.07%	0.07%
	KMX	B	0.06%	0.0%	0.0%
	KO	D	0.35%	0.53%	0.35%
	LAMR	C	0.02%	0.01%	0.01%
	LECO	C	0.02%	0.01%	0.01%
	LII	A	0.03%	0.07%	0.03%
	LLY	F	0.2%	2.42%	0.2%
	LMT	D	0.37%	0.14%	0.14%
	LNG	A	0.06%	0.08%	0.06%
	LPLA	A	0.04%	0.08%	0.04%
	LPX	B	0.04%	0.02%	0.02%
	LRCX	F	0.15%	0.35%	0.15%
	LULU	C	0.01%	0.13%	0.01%
	LVS	B	0.04%	0.07%	0.04%
	LW	C	0.02%	0.01%	0.01%
	MA	B	0.29%	1.5%	0.29%
	MCD	D	0.34%	0.05%	0.05%
	MCK	A	0.11%	0.1%	0.1%
	MCO	B	0.07%	0.26%	0.07%
	META	D	1.79%	4.52%	1.79%
	MKL	A	0.05%	0.02%	0.02%
	MKSI	C	0.02%	0.0%	0.0%
	MLM	C	0.04%	0.01%	0.01%
	MMC	B	0.14%	0.05%	0.05%
	MMM	D	0.35%	0.05%	0.05%
	MNST	C	0.05%	0.11%	0.05%
	MOH	F	0.05%	0.04%	0.04%
	MRK	D	0.42%	0.94%	0.42%
	MRVL	B	0.04%	0.02%	0.02%
	MS	A	0.46%	0.03%	0.03%
	MSCI	C	0.03%	0.09%	0.03%
	MSFT	D	2.43%	10.99%	2.43%
	MSI	B	0.07%	0.13%	0.07%
	MTN	C	0.02%	0.02%	0.02%
	MUSA	B	0.04%	0.03%	0.03%
	NFLX	A	0.17%	1.18%	0.17%
	NKE	F	0.19%	0.21%	0.19%
	NOW	A	0.01%	0.7%	0.01%
	NRG	B	0.1%	0.03%	0.03%
	NTAP	C	0.07%	0.04%	0.04%
	NVDA	B	0.4%	11.3%	0.4%
	NXST	C	0.03%	0.01%	0.01%
	ODFL	C	0.06%	0.14%	0.06%
	ORCL	A	0.5%	0.96%	0.5%
	ORLY	B	0.11%	0.22%	0.11%
	PANW	B	0.03%	0.4%	0.03%
	PAYX	B	0.06%	0.06%	0.06%
	PEP	F	0.41%	0.66%	0.41%
	PFGC	B	0.06%	0.01%	0.01%
	PG	C	0.77%	0.32%	0.32%
	PGR	A	0.23%	0.44%	0.23%
	POOL	C	0.02%	0.05%	0.02%
	PSA	C	0.05%	0.03%	0.03%
	PWR	A	0.07%	0.05%	0.05%
	QCOM	F	0.43%	0.62%	0.43%
	REGN	F	0.1%	0.03%	0.03%
	RMD	C	0.03%	0.03%	0.03%
	ROK	C	0.06%	0.01%	0.01%
	ROST	D	0.07%	0.04%	0.04%
	RPM	A	0.04%	0.01%	0.01%
	SBUX	A	0.28%	0.31%	0.28%
	SCHW	B	0.13%	0.04%	0.04%
	SEE	C	0.03%	0.0%	0.0%
	SHW	B	0.08%	0.28%	0.08%
	SKX	D	0.02%	0.0%	0.0%
	SNPS	B	0.03%	0.28%	0.03%
	SPG	A	0.1%	0.05%	0.05%
	SQ	A	0.03%	0.06%	0.03%
	SYK	B	0.13%	0.14%	0.13%
	SYY	D	0.1%	0.08%	0.08%
	TDG	D	0.06%	0.05%	0.05%
	TER	F	0.04%	0.05%	0.04%
	TJX	A	0.22%	0.28%	0.22%
	TPX	B	0.02%	0.03%	0.02%
	TRGP	A	0.07%	0.13%	0.07%
	TRU	D	0.03%	0.0%	0.0%
	TSCO	D	0.06%	0.1%	0.06%
	TSLA	B	0.28%	2.52%	0.28%
	TT	A	0.06%	0.1%	0.06%
	TXN	C	0.34%	0.08%	0.08%
	UBER	F	0.04%	0.53%	0.04%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	ULTA	F	0.03%	0.06%	0.03%
	UNH	B	1.22%	0.13%	0.13%
	UNP	C	0.35%	0.25%	0.25%
	URI	C	0.13%	0.05%	0.05%
	V	A	0.36%	1.66%	0.36%
	VMC	B	0.05%	0.03%	0.03%
	VRSK	A	0.04%	0.14%	0.04%
	VRSN	C	0.01%	0.0%	0.0%
	VRTX	D	0.07%	0.22%	0.07%
	VST	A	0.16%	0.16%	0.16%
	WAT	C	0.04%	0.04%	0.04%
	WM	B	0.15%	0.31%	0.15%
	WSM	C	0.04%	0.04%	0.04%
	WST	C	0.02%	0.05%	0.02%
	WU	F	0.03%	0.0%	0.0%
	YUM	D	0.08%	0.05%	0.05%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.07%	0.25%	0.07%

FNDX Overweight 511 Positions Relative to VONG

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	WMT	A	1.47%
	WFC	A	1.35%
	BAC	A	1.3%
	T	A	1.27%
	CVX	A	1.25%
	VZ	C	1.13%
	C	A	1.1%
	INTC	C	0.89%
	JNJ	C	0.89%
	CMCSA	B	0.83%
	CSCO	B	0.82%
	GM	C	0.79%
	CVS	D	0.68%
	PFE	F	0.68%
	LUMN	C	0.65%
	IBM	C	0.54%
	PM	B	0.48%
	COF	C	0.48%
	COP	C	0.48%
	BMY	B	0.45%
	DIS	B	0.45%
	LOW	C	0.43%
	MPC	D	0.4%
	VLO	C	0.39%
	MU	D	0.38%
	TGT	F	0.38%
	MO	A	0.37%
	GILD	C	0.37%
	PSX	C	0.36%
	ACN	B	0.36%
	CHTR	C	0.35%
	RTX	D	0.34%
	SYF	B	0.34%
	ABT	B	0.34%
	F	C	0.33%
	LIN	C	0.33%
	FDX	B	0.32%
	USB	A	0.32%
	TRV	B	0.31%
	DUK	C	0.3%
	KR	B	0.3%
	PNC	B	0.3%
	BLK	B	0.28%
	AIG	B	0.28%
	UPS	C	0.28%
	DFS	B	0.26%
	MET	A	0.26%
	SO	C	0.26%
	CB	C	0.26%
	BK	A	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	C	0.24%
	KMI	A	0.23%
	TFC	A	0.23%
	ETN	A	0.23%
	DE	B	0.23%
	EOG	A	0.23%
	CSX	C	0.22%
	PYPL	B	0.22%
	PRU	A	0.22%
	ADM	D	0.21%
	AFL	B	0.21%
	NSC	B	0.21%
	GD	D	0.21%
	HPE	B	0.21%
	MDLZ	F	0.2%
	NOC	D	0.2%
	TSN	B	0.2%
	CTSH	B	0.19%
	HUM	C	0.19%
	CMI	A	0.19%
	CNC	D	0.19%
	NUE	C	0.19%
	DOW	F	0.18%
	EXC	C	0.17%
	WMB	A	0.17%
	IP	A	0.17%
	WBA	F	0.17%
	EBAY	D	0.17%
	EMR	B	0.17%
	D	C	0.17%
	DD	C	0.17%
	AEP	C	0.16%
	DHI	F	0.16%
	BKR	A	0.16%
	BBY	D	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	JCI	B	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	SPGI	C	0.15%
	PCAR	B	0.15%
	LYB	F	0.14%
	FCX	F	0.14%
	OKE	A	0.14%
	GLW	B	0.14%
	HIG	B	0.14%
	APD	A	0.13%
	PH	A	0.13%
	FITB	B	0.13%
	TROW	B	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	SRE	A	0.13%
	NEM	D	0.13%
	CBRE	B	0.13%
	FIS	C	0.12%
	ED	C	0.12%
	ETR	B	0.12%
	SLB	C	0.12%
	WDC	D	0.12%
	CARR	C	0.12%
	XEL	A	0.12%
	MTB	A	0.11%
	PARA	C	0.11%
	PEG	A	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	PPL	A	0.11%
	ICE	C	0.11%
	PHM	D	0.11%
	STLD	B	0.11%
	GIS	D	0.11%
	EIX	B	0.1%
	FOXA	A	0.1%
	VTRS	A	0.1%
	STT	B	0.1%
	KEY	B	0.1%
	WELL	A	0.1%
	BG	D	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	STX	C	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	BIIB	F	0.09%
	EA	A	0.09%
	CTVA	C	0.09%
	PFG	D	0.09%
	BSX	A	0.09%
	MAR	A	0.09%
	WY	F	0.09%
	CCI	C	0.09%
	LH	B	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	EMN	C	0.08%
	HBAN	A	0.08%
	NTRS	A	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	CHRW	B	0.08%
	VTR	B	0.08%
	WHR	B	0.08%
	ES	C	0.08%
	OMC	C	0.08%
	CME	B	0.08%
	UHS	D	0.08%
	DG	F	0.08%
	PPG	F	0.08%
	WEC	A	0.08%
	WKC	C	0.08%
	DLR	B	0.08%
	WBD	B	0.08%
	K	A	0.07%
	BAX	F	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	SWK	D	0.07%
	CMA	B	0.07%
	CF	A	0.07%
	WTW	B	0.07%
	AEE	A	0.07%
	DGX	A	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	R	B	0.07%
	PLD	F	0.07%
	KDP	F	0.07%
	CINF	A	0.07%
	X	B	0.07%
	LAD	A	0.07%
	PKG	A	0.07%
	AVT	C	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	TOL	B	0.06%
	M	F	0.06%
	MGM	D	0.06%
	CAG	F	0.06%
	TXT	D	0.06%
	BALL	F	0.06%
	UNM	A	0.06%
	CMS	C	0.06%
	AA	A	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	CCL	A	0.06%
	FLEX	B	0.06%
	CNP	A	0.06%
	HAL	C	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	ACM	B	0.05%
	VNO	C	0.05%
	NI	A	0.05%
	AFG	A	0.05%
	INGR	C	0.05%
	ZBH	C	0.05%
	ORI	A	0.05%
	JBHT	C	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	MCHP	F	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	L	A	0.05%
	JNPR	D	0.05%
	AES	F	0.05%
	AN	C	0.05%
	BXP	C	0.05%
	GPC	D	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	TDS	B	0.05%
	EQR	C	0.05%
	GPI	B	0.05%
	FANG	C	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	ROP	B	0.05%
	MAS	D	0.05%
	J	D	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	RJF	A	0.05%
	LKQ	F	0.05%
	SJM	D	0.05%
	BFH	C	0.05%
	LNC	C	0.05%
	KVUE	A	0.05%
	A	D	0.05%
	TAP	C	0.05%
	O	C	0.04%
	FBIN	D	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	SSNC	B	0.04%
	OSK	C	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	UFPI	C	0.04%
	PNR	A	0.04%
	FYBR	C	0.04%
	CNO	B	0.04%
	ON	D	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	C	0.04%
	CCK	D	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	SWKS	F	0.04%
	HOLX	D	0.04%
	RHI	C	0.04%
	HSIC	C	0.04%
	CHD	A	0.04%
	AWK	C	0.04%
	LNT	A	0.04%
	GEN	B	0.04%
	FAF	A	0.04%
	BERY	C	0.04%
	PVH	C	0.04%
	NWSA	A	0.04%
	PNW	A	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	C	0.04%
	EVR	B	0.04%
	OGN	F	0.04%
	JXN	C	0.04%
	MAN	F	0.04%
	GEV	B	0.04%
	UGI	C	0.04%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	B	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	IEX	C	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	ACGL	C	0.03%
	TDY	B	0.03%
	GNTX	C	0.03%
	AAP	D	0.03%
	BTU	B	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	ILMN	C	0.03%
	CW	C	0.03%
	TPH	D	0.03%
	G	B	0.03%
	FLR	B	0.03%
	SNX	D	0.03%
	BC	C	0.03%
	STE	D	0.03%
	PCG	A	0.03%
	ABG	C	0.03%
	SNV	C	0.03%
	ARE	F	0.03%
	ALB	B	0.03%
	SEIC	B	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	MTD	F	0.03%
	AMCR	C	0.03%
	ARMK	B	0.03%
	CPB	D	0.03%
	AIZ	A	0.03%
	DAL	B	0.03%
	OGE	A	0.03%
	GPK	C	0.03%
	EXR	C	0.03%
	AKAM	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	C	0.03%
	AGCO	D	0.03%
	CACI	D	0.03%
	APA	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	B	0.03%
	HII	F	0.03%
	HRL	D	0.03%
	XYL	D	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	TRMB	B	0.03%
	CIEN	C	0.03%
	GNW	A	0.03%
	GRMN	B	0.03%
	MAA	B	0.03%
	FFIV	B	0.03%
	CG	B	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	CMC	B	0.03%
	DOC	C	0.03%
	OLN	F	0.03%
	FTV	C	0.03%
	WSO	A	0.03%
	IR	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	MKC	C	0.03%
	SANM	B	0.03%
	NWL	C	0.03%
	HBI	B	0.03%
	GL	C	0.03%
	MLI	B	0.03%
	HUBB	B	0.03%
	WLK	D	0.02%
	MDU	D	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	B	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	CHKP	C	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	A	0.02%
	NSIT	F	0.02%
	POR	C	0.02%
	VAC	C	0.02%
	TTC	C	0.02%
	XRX	F	0.02%
	WPC	C	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%
	ANSS	B	0.02%
	ASGN	F	0.02%
	SBAC	D	0.02%
	NAVI	F	0.02%
	SM	B	0.02%
	NDSN	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	PII	F	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%
	CTLT	C	0.02%
	PENN	C	0.02%
	JKHY	D	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	APTV	F	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%
	CNH	C	0.02%
	SUI	C	0.02%
	REG	A	0.02%
	PK	C	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%
	TGNA	B	0.02%
	BAP	A	0.02%
	SON	F	0.02%
	AXTA	B	0.02%
	LUV	C	0.02%
	SOLV	D	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	CRL	D	0.01%
	ICLR	D	0.01%
	WTRG	B	0.01%
	MSM	C	0.01%
	SPTN	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	B	0.01%
	CBOE	C	0.01%
	FSLR	F	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	QRTEA	F	0.01%
	ALLE	C	0.01%
	FTI	A	0.01%
	JWN	D	0.01%
	XRAY	F	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	UNFI	A	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 175 Positions Relative to VONG

	Symbol	Grade	Weight
	PLTR	B	-0.3%
	CRWD	B	-0.24%
	SPOT	B	-0.21%
	ABNB	C	-0.21%
	TTD	B	-0.19%
	WDAY	B	-0.18%
	DASH	B	-0.17%
	NU	C	-0.17%
	APP	B	-0.16%
	FICO	B	-0.15%
	DDOG	A	-0.14%
	VRT	B	-0.14%
	MPWR	F	-0.13%
	SNOW	B	-0.13%
	TEAM	A	-0.11%
	COIN	C	-0.11%
	CPNG	D	-0.11%
	ALNY	D	-0.11%
	AXON	A	-0.11%
	ARES	A	-0.11%
	VEEV	C	-0.11%
	NET	B	-0.1%
	RBLX	C	-0.1%
	HUBS	A	-0.1%
	DXCM	C	-0.1%
	TYL	B	-0.08%
	TPL	A	-0.08%
	LYV	A	-0.07%
	MDB	B	-0.07%
	PINS	F	-0.07%
	HEI	A	-0.06%
	ENTG	D	-0.06%
	DT	D	-0.06%
	DKNG	B	-0.06%
	MANH	D	-0.06%
	PODD	C	-0.06%
	ZS	B	-0.06%
	RCL	A	-0.06%
	TXRH	B	-0.05%
	ROL	B	-0.05%
	PTC	B	-0.05%
	TOST	B	-0.05%
	PSTG	D	-0.05%
	NTRA	A	-0.05%
	FIX	A	-0.05%
	DOCU	B	-0.05%
	SMCI	F	-0.05%
	XPO	B	-0.05%
	CHDN	B	-0.04%
	DUOL	A	-0.04%
	HEI	A	-0.04%
	NCLH	B	-0.04%
	ENPH	F	-0.04%
	OWL	A	-0.04%
	VLTO	C	-0.04%
	SRPT	F	-0.04%
	NBIX	C	-0.04%
	PCOR	B	-0.03%
	GWRE	A	-0.03%
	SMAR	B	-0.03%
	SAIA	B	-0.03%
	VKTX	F	-0.03%
	TREX	C	-0.03%
	AAON	B	-0.03%
	EXEL	B	-0.03%
	MEDP	D	-0.03%
	PCTY	C	-0.03%
	PEN	B	-0.03%
	WING	D	-0.03%
	LNW	F	-0.03%
	ITCI	C	-0.03%
	MORN	B	-0.03%
	CVNA	B	-0.03%
	KNSL	B	-0.03%
	SCCO	F	-0.03%
	OLED	F	-0.02%
	NTNX	B	-0.02%
	AZEK	A	-0.02%
	RARE	F	-0.02%
	APPF	B	-0.02%
	PATH	C	-0.02%
	EXAS	D	-0.02%
	OKTA	C	-0.02%
	VVV	D	-0.02%
	CELH	F	-0.02%
	FOUR	A	-0.02%
	CNM	D	-0.02%
	IONS	F	-0.02%
	ELF	C	-0.02%
	WFRD	D	-0.02%
	INSP	D	-0.02%
	TW	A	-0.02%
	LSCC	D	-0.02%
	FDS	B	-0.02%
	GTLB	B	-0.02%
	CFLT	B	-0.02%
	ESTC	C	-0.02%
	GLOB	B	-0.02%
	PAYC	B	-0.02%
	RYAN	A	-0.02%
	BSY	F	-0.02%
	DV	C	-0.01%
	TPG	A	-0.01%
	BROS	A	-0.01%
	BILL	A	-0.01%
	WEN	D	-0.01%
	WSC	F	-0.01%
	SOFI	B	-0.01%
	AM	A	-0.01%
	PR	B	-0.01%
	NCNO	C	-0.01%
	FRPT	A	-0.01%
	AWI	A	-0.01%
	CACC	D	-0.01%
	FIVN	C	-0.01%
	LBRDK	C	-0.01%
	BWXT	B	-0.01%
	SITE	F	-0.01%
	MSTR	B	-0.01%
	ONTO	F	-0.01%
	U	C	-0.01%
	TWLO	A	-0.01%
	TTEK	F	-0.01%
	APLS	F	-0.01%
	RNG	C	-0.01%
	TDC	D	-0.01%
	MASI	B	-0.01%
	LYFT	C	-0.01%
	CHH	A	-0.01%
	PEGA	B	-0.01%
	PLNT	A	-0.01%
	HCP	B	-0.01%
	ETSY	D	-0.01%
	BRKR	D	-0.01%
	FND	D	-0.01%
	WMS	F	-0.01%
	FIVE	F	-0.01%
	TRIP	F	-0.0%
	PYCR	B	-0.0%
	FTRE	D	-0.0%
	PPC	C	-0.0%
	NFE	D	-0.0%
	IRDM	D	-0.0%
	LBRDA	C	-0.0%
	MSGS	A	-0.0%
	CGNX	D	-0.0%
	DOCS	C	-0.0%
	RLI	A	-0.0%
	UWMC	D	-0.0%
	MTDR	B	-0.0%
	SPR	D	-0.0%
	UI	B	-0.0%
	SAM	C	-0.0%
	WH	B	-0.0%
	WEX	D	-0.0%
	INCY	C	-0.0%
	SSD	F	-0.0%
	XP	F	-0.0%
	WYNN	C	-0.0%
	HLI	A	-0.0%
	YETI	D	-0.0%
	RH	C	-0.0%
	H	B	-0.0%
	RGEN	D	-0.0%
	TXG	F	-0.0%
	DAY	B	-0.0%
	S	B	-0.0%
	CROX	D	-0.0%
	BFAM	D	-0.0%
	SN	D	-0.0%
	ROKU	D	-0.0%
	TKO	A	-0.0%
	DJT	C	-0.0%
	LOPE	C	-0.0%
	CIVI	D	-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

VONG: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Leisure Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Semiconductor Natural Gas Operating System Telecommunications Integrated Circuits Payment Systems