IUSV vs. FNDX ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$98.97

Average Daily Volume

517,714

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

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

Performance

Period	IUSV	FNDX
30 Days	3.05%	3.67%
60 Days	4.28%	4.58%
90 Days	6.30%	6.53%
12 Months	27.24%	29.67%

550 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in FNDX	Overlap
	A	D	0.17%	0.05%	0.05%
	AA	B	0.05%	0.06%	0.05%
	AAL	B	0.04%	0.01%	0.01%
	ABBV	D	0.83%	0.49%	0.49%
	ABT	B	0.87%	0.34%	0.34%
	ACM	A	0.03%	0.05%	0.03%
	ACN	C	0.46%	0.36%	0.36%
	ADI	D	0.19%	0.13%	0.13%
	ADM	D	0.11%	0.21%	0.11%
	ADP	B	0.33%	0.15%	0.15%
	ADSK	A	0.14%	0.03%	0.03%
	AEE	A	0.1%	0.07%	0.07%
	AEP	D	0.22%	0.16%	0.16%
	AES	F	0.04%	0.05%	0.04%
	AFG	A	0.05%	0.05%	0.05%
	AFL	B	0.24%	0.21%	0.21%
	AGCO	D	0.02%	0.03%	0.02%
	AIG	B	0.21%	0.28%	0.21%
	AIZ	A	0.05%	0.03%	0.03%
	AJG	B	0.14%	0.05%	0.05%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.05%	0.03%	0.03%
	ALGN	D	0.03%	0.02%	0.02%
	ALL	A	0.23%	0.27%	0.23%
	ALLE	D	0.03%	0.01%	0.01%
	ALLY	C	0.04%	0.1%	0.04%
	ALV	C	0.01%	0.02%	0.01%
	AMCR	D	0.06%	0.03%	0.03%
	AME	A	0.1%	0.05%	0.05%
	AMG	B	0.02%	0.04%	0.02%
	AMGN	D	0.7%	0.39%	0.39%
	AMP	A	0.11%	0.15%	0.11%
	AMT	D	0.23%	0.11%	0.11%
	AN	C	0.02%	0.05%	0.02%
	ANSS	B	0.06%	0.02%	0.02%
	AON	A	0.17%	0.13%	0.13%
	AOS	F	0.01%	0.02%	0.01%
	APD	A	0.31%	0.13%	0.13%
	APH	A	0.17%	0.09%	0.09%
	APTV	D	0.06%	0.02%	0.02%
	AR	B	0.04%	0.03%	0.03%
	ARE	D	0.07%	0.03%	0.03%
	ARMK	B	0.04%	0.03%	0.03%
	ARW	D	0.03%	0.08%	0.03%
	ASGN	F	0.02%	0.02%	0.02%
	ATO	A	0.1%	0.04%	0.04%
	ATR	B	0.02%	0.02%	0.02%
	AVB	B	0.14%	0.05%	0.05%
	AVT	C	0.02%	0.07%	0.02%
	AVTR	F	0.04%	0.02%	0.02%
	AVY	D	0.07%	0.04%	0.04%
	AWK	D	0.11%	0.04%	0.04%
	AXP	A	0.21%	0.36%	0.21%
	AYI	B	0.02%	0.04%	0.02%
	AZO	C	0.07%	0.06%	0.06%
	BA	F	0.25%	0.11%	0.11%
	BAC	A	1.35%	1.3%	1.3%
	BALL	D	0.08%	0.06%	0.06%
	BAX	D	0.07%	0.07%	0.07%
	BBY	D	0.08%	0.16%	0.08%
	BC	C	0.01%	0.03%	0.01%
	BDX	F	0.29%	0.11%	0.11%
	BEN	C	0.03%	0.04%	0.03%
	BERY	B	0.03%	0.04%	0.03%
	BG	F	0.05%	0.1%	0.05%
	BIIB	F	0.11%	0.09%	0.09%
	BJ	A	0.05%	0.02%	0.02%
	BK	A	0.25%	0.26%	0.25%
	BKR	B	0.19%	0.16%	0.16%
	BLK	C	0.64%	0.28%	0.28%
	BMY	B	0.52%	0.45%	0.45%
	BR	A	0.05%	0.03%	0.03%
	BRK.A	B	3.74%	2.17%	2.17%
	BRO	B	0.03%	0.02%	0.02%
	BRX	A	0.02%	0.02%	0.02%
	BSX	B	0.25%	0.09%	0.09%
	BURL	A	0.03%	0.03%	0.03%
	BWA	D	0.03%	0.05%	0.03%
	BX	A	0.16%	0.13%	0.13%
	BXP	D	0.05%	0.05%	0.05%
	C	A	0.57%	1.1%	0.57%
	CACI	D	0.03%	0.03%	0.03%
	CAG	D	0.06%	0.06%	0.06%
	CAH	B	0.13%	0.07%	0.07%
	CARR	D	0.14%	0.12%	0.12%
	CAT	B	0.34%	0.41%	0.34%
	CB	C	0.47%	0.26%	0.26%
	CBOE	B	0.03%	0.01%	0.01%
	CBRE	B	0.17%	0.13%	0.13%
	CC	C	0.01%	0.02%	0.01%
	CCI	D	0.2%	0.09%	0.09%
	CCK	C	0.02%	0.04%	0.02%
	CCL	B	0.03%	0.06%	0.03%
	CDW	F	0.06%	0.04%	0.04%
	CEG	D	0.17%	0.1%	0.1%
	CF	B	0.03%	0.07%	0.03%
	CFG	B	0.09%	0.1%	0.09%
	CG	A	0.02%	0.03%	0.02%
	CHD	B	0.06%	0.04%	0.04%
	CHE	D	0.01%	0.01%	0.01%
	CHRW	C	0.06%	0.08%	0.06%
	CHTR	C	0.09%	0.35%	0.09%
	CI	F	0.4%	0.48%	0.4%
	CIEN	B	0.03%	0.03%	0.03%
	CINF	A	0.1%	0.07%	0.07%
	CL	D	0.2%	0.13%	0.13%
	CLF	F	0.02%	0.03%	0.02%
	CLX	B	0.09%	0.04%	0.04%
	CMC	B	0.03%	0.03%	0.03%
	CMCSA	B	0.73%	0.83%	0.73%
	CME	A	0.22%	0.08%	0.08%
	CMI	A	0.22%	0.19%	0.19%
	CMS	C	0.09%	0.06%	0.06%
	CNC	D	0.13%	0.19%	0.13%
	CNH	C	0.04%	0.02%	0.02%
	CNO	A	0.02%	0.04%	0.02%
	CNP	B	0.09%	0.06%	0.06%
	CNXC	F	0.01%	0.01%	0.01%
	COF	B	0.31%	0.48%	0.31%
	COHR	B	0.07%	0.02%	0.02%
	COP	C	0.18%	0.48%	0.18%
	COR	B	0.19%	0.02%	0.02%
	COST	B	1.04%	0.66%	0.66%
	CPB	D	0.04%	0.03%	0.03%
	CPRI	F	0.01%	0.01%	0.01%
	CPT	B	0.06%	0.02%	0.02%
	CRI	D	0.01%	0.01%	0.01%
	CRL	C	0.04%	0.01%	0.01%
	CSCO	B	1.02%	0.82%	0.82%
	CSX	B	0.15%	0.22%	0.15%
	CTAS	B	0.15%	0.08%	0.08%
	CTLT	B	0.05%	0.02%	0.02%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	B	0.17%	0.19%	0.17%
	CTVA	C	0.17%	0.09%	0.09%
	CVS	D	0.3%	0.68%	0.3%
	CVX	A	1.2%	1.25%	1.2%
	CW	B	0.02%	0.03%	0.02%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.21%	0.17%	0.17%
	DAL	C	0.08%	0.03%	0.03%
	DAR	C	0.03%	0.02%	0.02%
	DCI	B	0.02%	0.02%	0.02%
	DD	D	0.15%	0.17%	0.15%
	DE	A	0.19%	0.23%	0.19%
	DELL	C	0.08%	0.03%	0.03%
	DFS	B	0.09%	0.26%	0.09%
	DG	F	0.07%	0.08%	0.07%
	DGX	A	0.08%	0.07%	0.07%
	DHR	F	0.67%	0.15%	0.15%
	DINO	D	0.03%	0.05%	0.03%
	DIS	B	0.87%	0.45%	0.45%
	DKS	C	0.02%	0.04%	0.02%
	DLR	B	0.14%	0.08%	0.08%
	DLTR	F	0.06%	0.05%	0.05%
	DOC	D	0.07%	0.03%	0.03%
	DOV	A	0.12%	0.06%	0.06%
	DOW	F	0.14%	0.18%	0.14%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.05%	0.04%
	DTE	C	0.11%	0.07%	0.07%
	DUK	C	0.37%	0.3%	0.3%
	DVA	B	0.01%	0.06%	0.01%
	DVN	F	0.11%	0.09%	0.09%
	EA	A	0.1%	0.09%	0.09%
	EBAY	D	0.13%	0.17%	0.13%
	ECL	D	0.13%	0.08%	0.08%
	ED	D	0.14%	0.12%	0.12%
	EFX	F	0.09%	0.03%	0.03%
	EG	C	0.07%	0.02%	0.02%
	EHC	B	0.02%	0.02%	0.02%
	EIX	B	0.14%	0.1%	0.1%
	EL	F	0.07%	0.03%	0.03%
	ELV	F	0.41%	0.36%	0.36%
	EMN	D	0.05%	0.08%	0.05%
	EMR	A	0.32%	0.17%	0.17%
	EOG	A	0.11%	0.23%	0.11%
	EPAM	C	0.04%	0.02%	0.02%
	EQH	B	0.01%	0.05%	0.01%
	EQIX	A	0.2%	0.08%	0.08%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.11%	0.04%	0.04%
	ES	D	0.1%	0.08%	0.08%
	ESS	B	0.08%	0.03%	0.03%
	ETN	A	0.24%	0.23%	0.23%
	ETR	B	0.14%	0.12%	0.12%
	EVR	B	0.01%	0.04%	0.01%
	EVRG	A	0.06%	0.07%	0.06%
	EW	C	0.11%	0.04%	0.04%
	EWBC	A	0.03%	0.03%	0.03%
	EXC	C	0.17%	0.17%	0.17%
	EXPD	D	0.05%	0.04%	0.04%
	EXR	D	0.15%	0.03%	0.03%
	F	C	0.19%	0.33%	0.19%
	FAF	A	0.03%	0.04%	0.03%
	FAST	B	0.1%	0.07%	0.07%
	FBIN	D	0.02%	0.04%	0.02%
	FCX	D	0.14%	0.14%	0.14%
	FDX	B	0.29%	0.32%	0.29%
	FE	C	0.09%	0.09%	0.09%
	FFIV	B	0.06%	0.03%	0.03%
	FHN	A	0.05%	0.03%	0.03%
	FI	A	0.26%	0.13%	0.13%
	FIS	C	0.21%	0.12%	0.12%
	FITB	A	0.14%	0.13%	0.13%
	FLO	D	0.02%	0.02%	0.02%
	FLR	B	0.04%	0.03%	0.03%
	FMC	D	0.03%	0.03%	0.03%
	FNF	B	0.07%	0.06%	0.06%
	FOXA	B	0.05%	0.1%	0.05%
	FSLR	F	0.09%	0.01%	0.01%
	FYBR	D	0.03%	0.04%	0.03%
	G	B	0.03%	0.03%	0.03%
	GAP	C	0.02%	0.04%	0.02%
	GD	F	0.33%	0.21%	0.21%
	GE	D	0.48%	0.15%	0.15%
	GEHC	F	0.17%	0.09%	0.09%
	GEN	B	0.07%	0.04%	0.04%
	GEV	B	0.22%	0.04%	0.04%
	GILD	C	0.5%	0.37%	0.37%
	GIS	D	0.16%	0.11%	0.11%
	GL	B	0.04%	0.03%	0.03%
	GLPI	C	0.03%	0.02%	0.02%
	GLW	B	0.16%	0.14%	0.14%
	GM	B	0.28%	0.79%	0.28%
	GNRC	B	0.02%	0.02%	0.02%
	GNTX	C	0.01%	0.03%	0.01%
	GPC	D	0.08%	0.05%	0.05%
	GPK	C	0.04%	0.03%	0.03%
	GPN	B	0.13%	0.09%	0.09%
	GRMN	B	0.07%	0.03%	0.03%
	GS	A	0.81%	0.62%	0.62%
	GT	C	0.01%	0.04%	0.01%
	GWW	B	0.06%	0.08%	0.06%
	GXO	B	0.01%	0.02%	0.01%
	HAL	C	0.12%	0.06%	0.06%
	HAS	D	0.04%	0.03%	0.03%
	HBAN	A	0.11%	0.08%	0.08%
	HCA	F	0.15%	0.2%	0.15%
	HD	A	1.11%	0.8%	0.8%
	HIG	B	0.15%	0.14%	0.14%
	HII	D	0.03%	0.03%	0.03%
	HOG	D	0.02%	0.02%	0.02%
	HOLX	D	0.08%	0.04%	0.04%
	HON	B	0.66%	0.37%	0.37%
	HPE	B	0.12%	0.21%	0.12%
	HPQ	B	0.16%	0.21%	0.16%
	HRL	D	0.04%	0.03%	0.03%
	HSIC	B	0.04%	0.04%	0.04%
	HST	C	0.02%	0.04%	0.02%
	HSY	F	0.07%	0.04%	0.04%
	HUBB	B	0.06%	0.03%	0.03%
	HUM	C	0.15%	0.19%	0.15%
	HWM	A	0.09%	0.07%	0.07%
	IBM	C	0.84%	0.54%	0.54%
	ICE	C	0.39%	0.11%	0.11%
	IDXX	F	0.07%	0.02%	0.02%
	IEX	B	0.08%	0.03%	0.03%
	IFF	D	0.1%	0.05%	0.05%
	ILMN	D	0.1%	0.03%	0.03%
	INGR	B	0.03%	0.05%	0.03%
	INTC	D	0.47%	0.89%	0.47%
	INVH	D	0.08%	0.03%	0.03%
	IP	B	0.09%	0.17%	0.09%
	IPG	D	0.05%	0.04%	0.04%
	IQV	D	0.09%	0.07%	0.07%
	IR	B	0.04%	0.03%	0.03%
	IRM	D	0.07%	0.06%	0.06%
	ISRG	A	0.28%	0.09%	0.09%
	ITW	B	0.17%	0.15%	0.15%
	IVZ	B	0.03%	0.05%	0.03%
	J	F	0.08%	0.05%	0.05%
	JAZZ	B	0.02%	0.01%	0.01%
	JBHT	C	0.06%	0.05%	0.05%
	JBL	B	0.03%	0.06%	0.03%
	JCI	C	0.25%	0.16%	0.16%
	JEF	A	0.05%	0.06%	0.05%
	JHG	A	0.03%	0.03%	0.03%
	JKHY	D	0.06%	0.02%	0.02%
	JLL	D	0.05%	0.08%	0.05%
	JNJ	D	1.6%	0.89%	0.89%
	JNPR	F	0.06%	0.05%	0.05%
	JPM	A	3.01%	2.03%	2.03%
	JWN	C	0.01%	0.01%	0.01%
	K	A	0.09%	0.07%	0.07%
	KBH	D	0.01%	0.03%	0.01%
	KBR	F	0.02%	0.02%	0.02%
	KD	B	0.03%	0.05%	0.03%
	KDP	D	0.16%	0.07%	0.07%
	KEY	B	0.08%	0.1%	0.08%
	KEYS	A	0.12%	0.04%	0.04%
	KHC	F	0.12%	0.09%	0.09%
	KIM	A	0.07%	0.03%	0.03%
	KMB	D	0.19%	0.1%	0.1%
	KMI	A	0.23%	0.23%	0.23%
	KMX	B	0.05%	0.06%	0.05%
	KNX	B	0.04%	0.04%	0.04%
	KO	D	0.65%	0.35%	0.35%
	KR	B	0.17%	0.3%	0.17%
	KVUE	A	0.2%	0.05%	0.05%
	L	A	0.07%	0.05%	0.05%
	LAD	A	0.04%	0.07%	0.04%
	LAMR	D	0.02%	0.02%	0.02%
	LDOS	C	0.1%	0.07%	0.07%
	LEA	D	0.02%	0.05%	0.02%
	LEN	D	0.08%	0.16%	0.08%
	LH	C	0.09%	0.09%	0.09%
	LHX	C	0.21%	0.16%	0.16%
	LIN	D	0.46%	0.33%	0.33%
	LKQ	D	0.04%	0.05%	0.04%
	LMT	D	0.5%	0.37%	0.37%
	LNT	A	0.07%	0.04%	0.04%
	LOW	D	0.67%	0.43%	0.43%
	LPX	B	0.01%	0.04%	0.01%
	LSTR	D	0.01%	0.03%	0.01%
	LUV	C	0.08%	0.02%	0.02%
	LVS	C	0.03%	0.04%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.09%	0.14%	0.09%
	M	D	0.02%	0.06%	0.02%
	MA	C	0.53%	0.29%	0.29%
	MAA	B	0.08%	0.03%	0.03%
	MAN	D	0.01%	0.04%	0.01%
	MAS	D	0.03%	0.05%	0.03%
	MCD	D	0.52%	0.34%	0.34%
	MCHP	D	0.06%	0.05%	0.05%
	MCK	B	0.35%	0.11%	0.11%
	MCO	B	0.17%	0.07%	0.07%
	MDLZ	F	0.22%	0.2%	0.2%
	MDT	D	0.48%	0.16%	0.16%
	MET	A	0.21%	0.26%	0.21%
	MGM	D	0.01%	0.06%	0.01%
	MHK	D	0.03%	0.06%	0.03%
	MIDD	C	0.02%	0.02%	0.02%
	MKC	D	0.08%	0.03%	0.03%
	MKSI	C	0.02%	0.02%	0.02%
	MLM	B	0.05%	0.04%	0.04%
	MMC	B	0.23%	0.14%	0.14%
	MMM	D	0.32%	0.35%	0.32%
	MMS	F	0.01%	0.01%	0.01%
	MNST	C	0.07%	0.05%	0.05%
	MO	A	0.41%	0.37%	0.37%
	MOH	F	0.03%	0.05%	0.03%
	MOS	F	0.04%	0.06%	0.04%
	MPC	D	0.1%	0.4%	0.1%
	MRK	F	0.65%	0.42%	0.42%
	MRNA	F	0.06%	0.03%	0.03%
	MRO	B	0.03%	0.09%	0.03%
	MS	A	0.72%	0.46%	0.46%
	MSCI	C	0.09%	0.03%	0.03%
	MSI	B	0.15%	0.07%	0.07%
	MSM	C	0.01%	0.01%	0.01%
	MTB	A	0.16%	0.11%	0.11%
	MTD	D	0.07%	0.03%	0.03%
	MTG	C	0.02%	0.02%	0.02%
	MTN	C	0.01%	0.02%	0.01%
	MTZ	B	0.04%	0.03%	0.03%
	MU	D	0.48%	0.38%	0.38%
	MUR	D	0.01%	0.02%	0.01%
	NDAQ	A	0.14%	0.03%	0.03%
	NDSN	B	0.06%	0.02%	0.02%
	NEE	D	0.68%	0.24%	0.24%
	NEM	D	0.2%	0.13%	0.13%
	NFG	A	0.02%	0.02%	0.02%
	NI	A	0.07%	0.05%	0.05%
	NKE	D	0.23%	0.19%	0.19%
	NOC	D	0.3%	0.2%	0.2%
	NOV	C	0.03%	0.02%	0.02%
	NRG	B	0.08%	0.1%	0.08%
	NSC	B	0.26%	0.21%	0.21%
	NTAP	C	0.07%	0.07%	0.07%
	NTRS	A	0.09%	0.08%	0.08%
	NUE	C	0.06%	0.19%	0.06%
	NWSA	B	0.05%	0.04%	0.04%
	NXPI	D	0.06%	0.05%	0.05%
	NXST	C	0.02%	0.03%	0.02%
	O	D	0.21%	0.04%	0.04%
	OGE	B	0.04%	0.03%	0.03%
	OKE	A	0.1%	0.14%	0.1%
	OLN	D	0.01%	0.03%	0.01%
	OMC	C	0.09%	0.08%	0.08%
	ON	D	0.07%	0.04%	0.04%
	ORI	A	0.04%	0.05%	0.04%
	ORLY	B	0.08%	0.11%	0.08%
	OSK	B	0.03%	0.04%	0.03%
	OTIS	C	0.11%	0.05%	0.05%
	OXY	D	0.15%	0.11%	0.11%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.03%	0.11%	0.03%
	PAYX	C	0.12%	0.06%	0.06%
	PBF	D	0.01%	0.03%	0.01%
	PCAR	B	0.07%	0.15%	0.07%
	PCG	A	0.2%	0.03%	0.03%
	PEG	A	0.19%	0.11%	0.11%
	PEP	F	0.63%	0.41%	0.41%
	PFE	D	0.64%	0.68%	0.64%
	PFG	D	0.08%	0.09%	0.08%
	PFGC	B	0.06%	0.06%	0.06%
	PG	A	1.05%	0.77%	0.77%
	PGR	A	0.33%	0.23%	0.23%
	PH	A	0.09%	0.13%	0.09%
	PII	D	0.02%	0.02%	0.02%
	PKG	A	0.09%	0.07%	0.07%
	PLD	D	0.46%	0.07%	0.07%
	PM	B	0.55%	0.48%	0.48%
	PNC	B	0.36%	0.3%	0.3%
	PNR	A	0.02%	0.04%	0.02%
	PNW	B	0.04%	0.04%	0.04%
	POOL	C	0.03%	0.02%	0.02%
	POR	C	0.02%	0.02%	0.02%
	POST	C	0.02%	0.02%	0.02%
	PPG	F	0.13%	0.08%	0.08%
	PPL	B	0.11%	0.11%	0.11%
	PRGO	B	0.02%	0.01%	0.01%
	PRU	A	0.2%	0.22%	0.2%
	PSA	D	0.13%	0.05%	0.05%
	PSX	C	0.24%	0.36%	0.24%
	PVH	C	0.03%	0.04%	0.03%
	PWR	A	0.06%	0.07%	0.06%
	PYPL	B	0.38%	0.22%	0.22%
	QCOM	F	0.38%	0.43%	0.38%
	QRVO	F	0.03%	0.03%	0.03%
	R	B	0.03%	0.07%	0.03%
	REG	B	0.05%	0.02%	0.02%
	REGN	F	0.15%	0.1%	0.1%
	RF	A	0.11%	0.09%	0.09%
	RGA	A	0.07%	0.04%	0.04%
	RJF	A	0.13%	0.05%	0.05%
	RL	B	0.02%	0.03%	0.02%
	RMD	C	0.15%	0.03%	0.03%
	ROK	B	0.07%	0.06%	0.06%
	ROP	B	0.15%	0.05%	0.05%
	RPM	A	0.03%	0.04%	0.03%
	RRX	B	0.05%	0.03%	0.03%
	RSG	A	0.08%	0.06%	0.06%
	RTX	C	0.69%	0.34%	0.34%
	RVTY	F	0.06%	0.03%	0.03%
	SAIC	F	0.02%	0.02%	0.02%
	SBAC	D	0.06%	0.02%	0.02%
	SBUX	A	0.2%	0.28%	0.2%
	SCHW	B	0.52%	0.13%	0.13%
	SCI	B	0.03%	0.03%	0.03%
	SEIC	B	0.02%	0.03%	0.02%
	SFM	A	0.04%	0.05%	0.04%
	SHW	A	0.2%	0.08%	0.08%
	SJM	D	0.05%	0.05%	0.05%
	SLB	C	0.27%	0.12%	0.12%
	SLM	A	0.01%	0.04%	0.01%
	SNA	A	0.05%	0.06%	0.05%
	SNV	B	0.04%	0.03%	0.03%
	SNX	C	0.04%	0.03%	0.03%
	SO	D	0.41%	0.26%	0.26%
	SOLV	C	0.04%	0.02%	0.02%
	SON	D	0.02%	0.02%	0.02%
	SPG	B	0.15%	0.1%	0.1%
	SPGI	C	0.4%	0.15%	0.15%
	SRE	A	0.25%	0.13%	0.13%
	ST	F	0.02%	0.02%	0.02%
	STE	F	0.04%	0.03%	0.03%
	STLD	B	0.03%	0.11%	0.03%
	STT	A	0.12%	0.1%	0.1%
	STWD	C	0.03%	0.02%	0.02%
	STX	D	0.05%	0.09%	0.05%
	STZ	D	0.17%	0.07%	0.07%
	SW	A	0.11%	0.09%	0.09%
	SWK	D	0.06%	0.07%	0.06%
	SWKS	F	0.06%	0.04%	0.04%
	SYF	B	0.11%	0.34%	0.11%
	SYK	C	0.21%	0.13%	0.13%
	SYY	B	0.16%	0.1%	0.1%
	T	A	0.7%	1.27%	0.7%
	TAP	C	0.05%	0.05%	0.05%
	TDY	B	0.1%	0.03%	0.03%
	TER	D	0.08%	0.04%	0.04%
	TFC	A	0.27%	0.23%	0.23%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.31%	0.38%	0.31%
	THC	D	0.07%	0.07%	0.07%
	THG	A	0.03%	0.03%	0.03%
	THO	B	0.03%	0.04%	0.03%
	TJX	A	0.21%	0.22%	0.21%
	TKR	D	0.01%	0.02%	0.01%
	TMHC	B	0.03%	0.04%	0.03%
	TMO	F	0.55%	0.25%	0.25%
	TMUS	B	0.51%	0.25%	0.25%
	TNL	A	0.01%	0.01%	0.01%
	TPR	B	0.06%	0.05%	0.05%
	TRMB	B	0.08%	0.03%	0.03%
	TROW	B	0.12%	0.13%	0.12%
	TRV	B	0.26%	0.31%	0.26%
	TSCO	D	0.08%	0.06%	0.06%
	TSN	B	0.08%	0.2%	0.08%
	TT	A	0.13%	0.06%	0.06%
	TTC	D	0.02%	0.02%	0.02%
	TTWO	A	0.06%	0.03%	0.03%
	TXN	C	0.52%	0.34%	0.34%
	TXT	D	0.07%	0.06%	0.06%
	UDR	B	0.06%	0.02%	0.02%
	UGI	A	0.02%	0.04%	0.02%
	UHS	D	0.05%	0.08%	0.05%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.48%	1.22%	1.22%
	UNM	A	0.04%	0.06%	0.04%
	UNP	C	0.34%	0.35%	0.34%
	UPS	C	0.42%	0.28%	0.28%
	USB	A	0.34%	0.32%	0.32%
	USFD	A	0.07%	0.08%	0.07%
	V	A	0.77%	0.36%	0.36%
	VAC	B	0.01%	0.02%	0.01%
	VICI	C	0.14%	0.02%	0.02%
	VLO	C	0.2%	0.39%	0.2%
	VMC	B	0.06%	0.05%	0.05%
	VNO	B	0.03%	0.05%	0.03%
	VOYA	B	0.02%	0.03%	0.02%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	F	0.04%	0.01%	0.01%
	VRTX	F	0.2%	0.07%	0.07%
	VSH	D	0.01%	0.01%	0.01%
	VTR	C	0.11%	0.08%	0.08%
	VTRS	A	0.07%	0.1%	0.07%
	VZ	C	0.75%	1.13%	0.75%
	WAB	B	0.15%	0.06%	0.06%
	WAT	B	0.06%	0.04%	0.04%
	WBA	F	0.03%	0.17%	0.03%
	WBD	C	0.1%	0.08%	0.08%
	WCC	B	0.04%	0.04%	0.04%
	WDC	D	0.09%	0.12%	0.09%
	WEC	A	0.13%	0.08%	0.08%
	WELL	A	0.34%	0.1%	0.1%
	WFC	A	1.08%	1.35%	1.08%
	WHR	B	0.03%	0.08%	0.03%
	WM	A	0.19%	0.15%	0.15%
	WMB	A	0.18%	0.17%	0.17%
	WMT	A	1.6%	1.47%	1.47%
	WPC	D	0.05%	0.02%	0.02%
	WRB	A	0.08%	0.03%	0.03%
	WTRG	B	0.02%	0.01%	0.01%
	WTW	B	0.14%	0.07%	0.07%
	WU	D	0.01%	0.03%	0.01%
	WY	D	0.1%	0.09%	0.09%
	X	C	0.04%	0.07%	0.04%
	XEL	A	0.17%	0.12%	0.12%
	XOM	B	2.34%	1.99%	1.99%
	XRAY	F	0.02%	0.01%	0.01%
	XYL	D	0.13%	0.03%	0.03%
	YUM	B	0.09%	0.08%	0.08%
	ZBH	C	0.1%	0.05%	0.05%
	ZBRA	B	0.09%	0.04%	0.04%
	ZION	B	0.04%	0.06%	0.04%
	ZTS	D	0.16%	0.07%	0.07%

IUSV Overweight 178 Positions Relative to FNDX

	Symbol	Grade	Weight
	ABNB	C	0.13%
	UAL	A	0.13%
	TEL	B	0.12%
	VLTO	D	0.11%
	EXE	B	0.09%
	CSGP	D	0.08%
	DOCU	A	0.07%
	GME	C	0.05%
	TECH	D	0.05%
	PODD	C	0.05%
	DXCM	D	0.05%
	COO	D	0.05%
	SF	B	0.05%
	INCY	C	0.05%
	MTCH	D	0.04%
	SSB	B	0.04%
	FRT	B	0.04%
	TPL	A	0.04%
	WTFC	A	0.04%
	XPO	B	0.04%
	GMED	A	0.04%
	PTC	A	0.04%
	UTHR	C	0.04%
	NLY	C	0.04%
	FDS	B	0.04%
	MKTX	D	0.04%
	WBS	A	0.04%
	FOX	A	0.03%
	KRG	B	0.03%
	FNB	A	0.03%
	LITE	B	0.03%
	RNR	C	0.03%
	ESNT	D	0.03%
	OHI	C	0.03%
	PAYC	B	0.03%
	HR	C	0.03%
	GBCI	B	0.03%
	COLB	A	0.03%
	BIO	D	0.03%
	VMI	B	0.03%
	ONB	B	0.03%
	ADC	B	0.03%
	IBKR	A	0.03%
	PB	A	0.03%
	ROL	B	0.03%
	CYTK	F	0.02%
	CNM	D	0.02%
	GATX	A	0.02%
	DTM	B	0.02%
	FR	C	0.02%
	NWS	B	0.02%
	ALE	A	0.02%
	MAT	D	0.02%
	ASH	D	0.02%
	IDA	A	0.02%
	CGNX	C	0.02%
	SR	A	0.02%
	HQY	B	0.02%
	ASB	B	0.02%
	KRC	C	0.02%
	TXNM	A	0.02%
	TCBI	B	0.02%
	FLS	B	0.02%
	ORA	B	0.02%
	ERIE	D	0.02%
	OGS	A	0.02%
	SLGN	A	0.02%
	KMPR	B	0.02%
	RGLD	C	0.02%
	SBRA	C	0.02%
	KEX	C	0.02%
	BKH	A	0.02%
	BRBR	A	0.02%
	TKO	B	0.02%
	SWX	B	0.02%
	AVNT	B	0.02%
	CUZ	B	0.02%
	IRT	A	0.02%
	VLY	B	0.02%
	AMH	D	0.02%
	ELS	C	0.02%
	CUBE	D	0.02%
	NJR	A	0.02%
	NNN	D	0.02%
	WAL	B	0.02%
	BDC	B	0.02%
	CBSH	A	0.02%
	CFR	B	0.02%
	DAY	B	0.02%
	UMBF	B	0.02%
	ENPH	F	0.02%
	BMRN	D	0.02%
	UBSI	B	0.02%
	PNFP	B	0.02%
	REXR	F	0.02%
	HOMB	A	0.02%
	UA	C	0.01%
	HGV	B	0.01%
	IPGP	D	0.01%
	YETI	C	0.01%
	EPR	D	0.01%
	PSN	D	0.01%
	NSP	D	0.01%
	BLKB	B	0.01%
	VC	D	0.01%
	WEN	D	0.01%
	NSA	D	0.01%
	COLM	B	0.01%
	KNF	A	0.01%
	TEX	D	0.01%
	SAM	C	0.01%
	GEF	A	0.01%
	AMED	F	0.01%
	SYNA	C	0.01%
	POWI	D	0.01%
	OPCH	D	0.01%
	LIVN	F	0.01%
	CHH	A	0.01%
	HAE	C	0.01%
	IRDM	D	0.01%
	UAA	C	0.01%
	DLB	B	0.01%
	VNOM	A	0.01%
	CADE	B	0.01%
	LFUS	F	0.01%
	LANC	C	0.01%
	ROIV	C	0.01%
	CHX	C	0.01%
	CBT	C	0.01%
	PPC	C	0.01%
	ALGM	D	0.01%
	SRPT	D	0.01%
	EEFT	B	0.01%
	CDP	C	0.01%
	ALTM	C	0.01%
	SMG	D	0.01%
	ZI	D	0.01%
	AM	A	0.01%
	IBOC	A	0.01%
	ENS	D	0.01%
	RCM	F	0.01%
	CRUS	D	0.01%
	EXPO	D	0.01%
	BRKR	D	0.01%
	HWC	B	0.01%
	RYN	D	0.01%
	NOVT	D	0.01%
	HXL	D	0.01%
	ENOV	C	0.01%
	RLI	B	0.01%
	OZK	B	0.01%
	CHWY	B	0.01%
	WH	B	0.01%
	MASI	A	0.01%
	SIGI	C	0.01%
	RH	B	0.01%
	MTSI	B	0.01%
	CXT	B	0.01%
	NEOG	F	0.01%
	AMKR	D	0.01%
	PCH	D	0.01%
	CVLT	B	0.01%
	FFIN	B	0.01%
	GHC	C	0.01%
	EXLS	B	0.01%
	AZPN	A	0.01%
	EGP	F	0.01%
	DOCS	C	0.01%
	FLG	C	0.01%
	STAG	F	0.01%
	BHF	B	0.01%
	AMTM	D	0.01%
	NWE	B	0.01%
	NVST	B	0.01%
	FHI	A	0.01%
	MAGN	F	0.0%
	AZTA	D	0.0%
	WMG	C	0.0%

IUSV Underweight 171 Positions Relative to FNDX

	Symbol	Grade	Weight
	AAPL	C	-4.35%
	MSFT	F	-2.43%
	META	D	-1.79%
	AMZN	C	-1.56%
	GOOGL	C	-1.33%
	GOOG	C	-1.14%
	LUMN	C	-0.65%
	AVGO	D	-0.61%
	ORCL	B	-0.5%
	NVDA	C	-0.4%
	TSLA	B	-0.28%
	AMAT	F	-0.24%
	BKNG	A	-0.24%
	ADBE	C	-0.2%
	LLY	F	-0.2%
	NFLX	A	-0.17%
	VST	B	-0.16%
	DHI	D	-0.16%
	LRCX	F	-0.15%
	CRM	B	-0.15%
	URI	B	-0.13%
	KKR	A	-0.12%
	INTU	C	-0.11%
	PHM	D	-0.11%
	RS	B	-0.09%
	MAR	B	-0.09%
	AMD	F	-0.09%
	NVR	D	-0.08%
	KLAC	D	-0.08%
	WKC	D	-0.08%
	OC	A	-0.07%
	VFC	C	-0.07%
	CMA	A	-0.07%
	TRGP	B	-0.07%
	ROST	C	-0.07%
	OVV	B	-0.06%
	HES	B	-0.06%
	TOL	B	-0.06%
	ODFL	B	-0.06%
	CPAY	A	-0.06%
	BLDR	D	-0.06%
	OMF	A	-0.06%
	LNG	B	-0.06%
	FLEX	A	-0.06%
	HLT	A	-0.06%
	EME	C	-0.06%
	TDG	D	-0.06%
	KSS	F	-0.06%
	MKL	A	-0.05%
	CSL	C	-0.05%
	DXC	B	-0.05%
	ALSN	B	-0.05%
	TDS	B	-0.05%
	GPI	A	-0.05%
	FANG	D	-0.05%
	CASY	A	-0.05%
	BFH	B	-0.05%
	LNC	B	-0.05%
	ANET	C	-0.04%
	UBER	D	-0.04%
	BCC	B	-0.04%
	EXPE	B	-0.04%
	SSNC	B	-0.04%
	ZIM	C	-0.04%
	UFPI	B	-0.04%
	CMG	B	-0.04%
	DOX	D	-0.04%
	CRBG	B	-0.04%
	RHI	B	-0.04%
	MUSA	A	-0.04%
	LPLA	A	-0.04%
	WSM	B	-0.04%
	OGN	D	-0.04%
	JXN	C	-0.04%
	MRVL	B	-0.04%
	EXP	A	-0.03%
	SEE	C	-0.03%
	PRI	A	-0.03%
	ACI	C	-0.03%
	ACGL	D	-0.03%
	CPRT	A	-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%
	TPH	D	-0.03%
	LII	A	-0.03%
	GDDY	A	-0.03%
	APO	B	-0.03%
	ABG	B	-0.03%
	CAR	C	-0.03%
	FL	F	-0.03%
	APA	D	-0.03%
	MTH	D	-0.03%
	SNPS	B	-0.03%
	GNW	A	-0.03%
	HUN	F	-0.03%
	IT	C	-0.03%
	DECK	A	-0.03%
	PANW	C	-0.03%
	BAH	F	-0.03%
	FTV	C	-0.03%
	CE	F	-0.03%
	WSO	A	-0.03%
	CDNS	B	-0.03%
	SANM	B	-0.03%
	FTNT	C	-0.03%
	NWL	B	-0.03%
	HBI	B	-0.03%
	MLI	C	-0.03%
	WLK	D	-0.02%
	MDU	D	-0.02%
	ODP	F	-0.02%
	ALK	C	-0.02%
	ADNT	F	-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%
	AER	B	-0.02%
	NSIT	F	-0.02%
	UHAL	D	-0.02%
	XRX	F	-0.02%
	ASO	F	-0.02%
	WERN	C	-0.02%
	OI	C	-0.02%
	NAVI	C	-0.02%
	SM	B	-0.02%
	WST	C	-0.02%
	CCEP	C	-0.02%
	LECO	B	-0.02%
	AL	B	-0.02%
	TPX	B	-0.02%
	HUBG	A	-0.02%
	SLG	B	-0.02%
	GGG	B	-0.02%
	PENN	C	-0.02%
	FCNCA	A	-0.02%
	NVT	B	-0.02%
	BECN	B	-0.02%
	SKX	D	-0.02%
	SUI	D	-0.02%
	PK	B	-0.02%
	ABM	B	-0.02%
	RUSHA	C	-0.02%
	REZI	A	-0.02%
	TGNA	B	-0.02%
	BAP	B	-0.02%
	AXTA	A	-0.02%
	ANDE	D	-0.01%
	LILAK	D	-0.01%
	DBX	B	-0.01%
	ICLR	D	-0.01%
	SPTN	D	-0.01%
	AEO	F	-0.01%
	CYH	F	-0.01%
	BLD	D	-0.01%
	NOW	A	-0.01%
	QRTEA	F	-0.01%
	FTI	A	-0.01%
	HRB	D	-0.01%
	DK	C	-0.01%
	HTZ	C	-0.01%
	DAN	D	-0.01%
	LULU	C	-0.01%
	UNFI	A	-0.01%
	CNX	A	-0.01%

IUSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Packaged Foods Semiconductors Packaging & Containers Software - Application Specialty Chemicals Capital Markets Medical Instruments & Supplies Specialty Retail Biotechnology Insurance - Property & Casualty Oil & Gas E&P Information Technology Services Medical Devices REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Real Estate Investment Trust Banking Electricity Chemical Electronics Aerospace Mining Medicine Computing Telecommunications Dow Jones Component Insurance Products Semiconductor Beverage Plastic

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