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

$88.02

Average Daily Volume

503,876

Number of Holdings ^*

735

* 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

$67.10

Average Daily Volume

398,145

Number of Holdings ^*

710

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	FNDX
30 Days	-2.19%	-0.56%
60 Days	2.53%	4.55%
90 Days	-0.43%	1.02%
12 Months	15.53%	19.08%

547 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in FNDX	Overlap
A	C	0.18%	0.06%	0.06%
AA	C	0.03%	0.06%	0.03%
ABBV	B	0.91%	0.53%	0.53%
ABT	D	0.87%	0.31%	0.31%
ACM	C	0.03%	0.04%	0.03%
ACN	F	0.4%	0.27%	0.27%
ADI	B	0.23%	0.14%	0.14%
ADM	F	0.15%	0.22%	0.15%
ADNT	F	0.01%	0.02%	0.01%
ADP	C	0.29%	0.13%	0.13%
ADSK	B	0.11%	0.03%	0.03%
AEE	D	0.09%	0.06%	0.06%
AEP	B	0.22%	0.17%	0.17%
AES	C	0.06%	0.08%	0.06%
AFG	C	0.04%	0.04%	0.04%
AFL	A	0.22%	0.19%	0.19%
AGCO	F	0.03%	0.03%	0.03%
AIG	D	0.25%	0.32%	0.25%
AIZ	D	0.04%	0.03%	0.03%
AJG	A	0.13%	0.05%	0.05%
AKAM	F	0.03%	0.03%	0.03%
ALB	F	0.06%	0.02%	0.02%
ALGN	F	0.04%	0.02%	0.02%
ALL	D	0.2%	0.29%	0.2%
ALLE	D	0.03%	0.02%	0.02%
ALLY	B	0.05%	0.13%	0.05%
ALV	D	0.02%	0.04%	0.02%
AME	C	0.1%	0.05%	0.05%
AMG	D	0.03%	0.03%	0.03%
AMGN	B	0.77%	0.48%	0.48%
AMP	A	0.1%	0.13%	0.1%
AMT	C	0.26%	0.12%	0.12%
AN	B	0.02%	0.05%	0.02%
ANSS	C	0.06%	0.02%	0.02%
AON	C	0.14%	0.1%	0.1%
AOS	C	0.02%	0.03%	0.02%
APD	B	0.3%	0.11%	0.11%
APH	A	0.17%	0.1%	0.1%
APTV	F	0.09%	0.07%	0.07%
AR	C	0.05%	0.03%	0.03%
ARE	C	0.09%	0.03%	0.03%
ARMK	A	0.04%	0.03%	0.03%
ARW	C	0.03%	0.09%	0.03%
ASGN	D	0.02%	0.02%	0.02%
ATO	C	0.08%	0.03%	0.03%
ATR	B	0.02%	0.02%	0.02%
AVB	A	0.14%	0.05%	0.05%
AVT	B	0.02%	0.08%	0.02%
AVY	A	0.09%	0.04%	0.04%
AWK	B	0.12%	0.04%	0.04%
AXP	C	0.19%	0.38%	0.19%
AYI	D	0.02%	0.04%	0.02%
AZO	C	0.07%	0.06%	0.06%
BA	D	0.28%	0.18%	0.18%
BAC	A	1.31%	1.37%	1.31%
BALL	D	0.1%	0.07%	0.07%
BAX	D	0.08%	0.07%	0.07%
BBWI	D	0.05%	0.04%	0.04%
BBY	A	0.08%	0.17%	0.08%
BC	F	0.01%	0.03%	0.01%
BDX	D	0.33%	0.11%	0.11%
BEN	F	0.03%	0.05%	0.03%
BERY	B	0.03%	0.04%	0.03%
BG	D	0.07%	0.11%	0.07%
BIIB	C	0.16%	0.12%	0.12%
BJ	A	0.06%	0.02%	0.02%
BK	B	0.21%	0.25%	0.21%
BKR	D	0.15%	0.15%	0.15%
BLK	B	0.52%	0.23%	0.23%
BMY	F	0.41%	0.28%	0.28%
BR	C	0.05%	0.03%	0.03%
BRK.A	C	3.57%	2.21%	2.21%
BRO	A	0.02%	0.02%	0.02%
BRX	B	0.02%	0.02%	0.02%
BSX	B	0.25%	0.09%	0.09%
BURL	B	0.03%	0.03%	0.03%
BWA	F	0.04%	0.05%	0.04%
BX	C	0.12%	0.1%	0.1%
BXP	C	0.04%	0.04%	0.04%
C	C	0.55%	1.25%	0.55%
CACI	A	0.03%	0.03%	0.03%
CAG	D	0.07%	0.06%	0.06%
CAH	C	0.12%	0.07%	0.07%
CARR	A	0.14%	0.12%	0.12%
CAT	D	0.33%	0.41%	0.33%
CB	B	0.51%	0.29%	0.29%
CBRE	C	0.12%	0.09%	0.09%
CC	F	0.02%	0.02%	0.02%
CCI	D	0.21%	0.09%	0.09%
CCK	D	0.02%	0.03%	0.02%
CCL	C	0.02%	0.05%	0.02%
CDW	C	0.08%	0.06%	0.06%
CEG	B	0.18%	0.13%	0.13%
CF	D	0.03%	0.05%	0.03%
CFG	C	0.08%	0.1%	0.08%
CG	D	0.02%	0.03%	0.02%
CHD	A	0.07%	0.05%	0.05%
CHE	D	0.02%	0.02%	0.02%
CHK	D	0.05%	0.01%	0.01%
CHRW	B	0.05%	0.06%	0.05%
CHTR	C	0.07%	0.26%	0.07%
CI	D	0.47%	0.52%	0.47%
CIEN	F	0.02%	0.02%	0.02%
CINF	C	0.09%	0.06%	0.06%
CL	A	0.23%	0.15%	0.15%
CLF	F	0.04%	0.03%	0.03%
CLX	C	0.08%	0.03%	0.03%
CMA	D	0.03%	0.05%	0.03%
CMC	D	0.03%	0.03%	0.03%
CMCSA	F	0.72%	0.73%	0.72%
CME	D	0.22%	0.08%	0.08%
CMI	C	0.18%	0.17%	0.17%
CMS	D	0.09%	0.06%	0.06%
CNC	D	0.18%	0.24%	0.18%
CNO	B	0.01%	0.03%	0.01%
CNP	A	0.09%	0.07%	0.07%
COF	C	0.25%	0.42%	0.25%
COP	D	0.19%	0.44%	0.19%
COST	A	1.06%	0.73%	0.73%
CPB	C	0.04%	0.03%	0.03%
CPRI	F	0.01%	0.02%	0.01%
CPT	A	0.06%	0.02%	0.02%
CRI	F	0.01%	0.02%	0.01%
CRL	D	0.05%	0.02%	0.02%
CSCO	F	0.9%	0.7%	0.7%
CSX	D	0.15%	0.21%	0.15%
CTAS	A	0.13%	0.08%	0.08%
CTLT	C	0.05%	0.02%	0.02%
CTSH	D	0.16%	0.16%	0.16%
CTVA	D	0.17%	0.08%	0.08%
CVS	D	0.37%	0.66%	0.37%
CVX	D	1.28%	1.21%	1.21%
CW	B	0.02%	0.03%	0.02%
CZR	C	0.02%	0.01%	0.01%
D	C	0.2%	0.18%	0.18%
DAL	D	0.07%	0.03%	0.03%
DAR	F	0.03%	0.02%	0.02%
DCI	D	0.02%	0.02%	0.02%
DD	B	0.17%	0.18%	0.17%
DE	D	0.21%	0.2%	0.2%
DFS	B	0.07%	0.22%	0.07%
DG	F	0.13%	0.12%	0.12%
DGX	C	0.07%	0.07%	0.07%
DHR	B	0.81%	0.17%	0.17%
DINO	D	0.04%	0.05%	0.04%
DIS	C	0.89%	0.45%	0.45%
DKS	A	0.03%	0.05%	0.03%
DLR	A	0.14%	0.08%	0.08%
DLTR	F	0.11%	0.07%	0.07%
DOC	B	0.07%	0.04%	0.04%
DOV	B	0.12%	0.06%	0.06%
DOW	D	0.19%	0.22%	0.19%
DPZ	A	0.05%	0.05%	0.05%
DRI	C	0.04%	0.04%	0.04%
DTE	C	0.11%	0.08%	0.08%
DUK	B	0.38%	0.31%	0.31%
DVA	B	0.02%	0.07%	0.02%
DVN	D	0.14%	0.09%	0.09%
EA	B	0.09%	0.08%	0.08%
EBAY	A	0.13%	0.18%	0.13%
ECL	A	0.15%	0.09%	0.09%
ED	D	0.15%	0.12%	0.12%
EFX	B	0.09%	0.03%	0.03%
EG	B	0.08%	0.04%	0.04%
EHC	B	0.02%	0.02%	0.02%
EIX	C	0.14%	0.1%	0.1%
EL	F	0.13%	0.05%	0.05%
ELV	C	0.61%	0.51%	0.51%
EMN	B	0.06%	0.09%	0.06%
EMR	C	0.29%	0.17%	0.17%
EOG	D	0.11%	0.2%	0.11%
EPAM	F	0.03%	0.01%	0.01%
EQH	B	0.01%	0.05%	0.01%
EQIX	C	0.18%	0.07%	0.07%
EQR	A	0.11%	0.05%	0.05%
EQT	D	0.08%	0.02%	0.02%
ES	D	0.1%	0.08%	0.08%
ESS	A	0.09%	0.03%	0.03%
ETN	C	0.23%	0.26%	0.23%
ETR	D	0.11%	0.1%	0.1%
ETRN	C	0.02%	0.03%	0.02%
EVR	A	0.01%	0.04%	0.01%
EVRG	C	0.06%	0.06%	0.06%
EW	C	0.16%	0.04%	0.04%
EWBC	C	0.02%	0.03%	0.02%
EXC	D	0.17%	0.16%	0.16%
EXR	A	0.16%	0.04%	0.04%
F	D	0.22%	0.37%	0.22%
FAF	D	0.03%	0.04%	0.03%
FAST	C	0.09%	0.06%	0.06%
FCX	D	0.17%	0.17%	0.17%
FDX	D	0.27%	0.29%	0.27%
FE	C	0.1%	0.09%	0.09%
FFIV	D	0.05%	0.03%	0.03%
FHN	D	0.04%	0.03%	0.03%
FIS	A	0.22%	0.14%	0.14%
FITB	C	0.12%	0.12%	0.12%
FLO	D	0.02%	0.02%	0.02%
FLR	A	0.04%	0.03%	0.03%
FMC	F	0.03%	0.02%	0.02%
FNF	C	0.05%	0.06%	0.05%
FOXA	B	0.04%	0.08%	0.04%
FSLR	C	0.14%	0.03%	0.03%
FYBR	B	0.03%	0.03%	0.03%
G	D	0.02%	0.02%	0.02%
GD	A	0.32%	0.24%	0.24%
GE	C	0.47%	0.2%	0.2%
GEHC	C	0.16%	0.03%	0.03%
GEV	A	0.13%	0.05%	0.05%
GILD	F	0.39%	0.27%	0.27%
GIS	C	0.18%	0.12%	0.12%
GL	C	0.03%	0.02%	0.02%
GLPI	C	0.03%	0.02%	0.02%
GLW	A	0.14%	0.13%	0.13%
GM	B	0.26%	0.78%	0.26%
GNRC	C	0.02%	0.02%	0.02%
GNTX	D	0.01%	0.03%	0.01%
GPC	D	0.09%	0.06%	0.06%
GPK	C	0.04%	0.03%	0.03%
GPN	F	0.12%	0.06%	0.06%
GPS	C	0.03%	0.06%	0.03%
GRMN	B	0.05%	0.06%	0.05%
GS	B	0.71%	0.58%	0.58%
GT	F	0.02%	0.04%	0.02%
GWW	C	0.05%	0.07%	0.05%
GXO	F	0.01%	0.02%	0.01%
HAL	D	0.14%	0.07%	0.07%
HAS	C	0.04%	0.03%	0.03%
HBAN	D	0.09%	0.06%	0.06%
HCA	A	0.17%	0.23%	0.17%
HD	B	1.05%	0.72%	0.72%
HIG	A	0.14%	0.15%	0.14%
HII	D	0.05%	0.04%	0.04%
HOG	D	0.02%	0.02%	0.02%
HOLX	D	0.08%	0.04%	0.04%
HON	A	0.66%	0.36%	0.36%
HPE	B	0.14%	0.23%	0.14%
HPQ	B	0.15%	0.22%	0.15%
HRL	F	0.04%	0.03%	0.03%
HSIC	D	0.04%	0.04%	0.04%
HST	D	0.02%	0.04%	0.02%
HSY	F	0.08%	0.04%	0.04%
HTZ	F	0.0%	0.0%	0.0%
HUBB	C	0.05%	0.03%	0.03%
HUM	C	0.21%	0.2%	0.2%
HWM	B	0.06%	0.06%	0.06%
IBM	C	0.75%	0.53%	0.53%
ICE	B	0.38%	0.11%	0.11%
IDXX	C	0.09%	0.03%	0.03%
IEX	D	0.07%	0.02%	0.02%
IFF	B	0.12%	0.06%	0.06%
ILMN	F	0.08%	0.02%	0.02%
INGR	C	0.02%	0.04%	0.02%
INTC	F	0.62%	0.92%	0.62%
INVH	A	0.1%	0.03%	0.03%
IP	A	0.08%	0.15%	0.08%
IPG	F	0.05%	0.04%	0.04%
IQV	D	0.12%	0.08%	0.08%
IR	B	0.04%	0.03%	0.03%
IRM	A	0.06%	0.06%	0.06%
ISRG	A	0.25%	0.08%	0.08%
ITW	D	0.17%	0.14%	0.14%
IVZ	D	0.03%	0.04%	0.03%
J	C	0.08%	0.05%	0.05%
JAZZ	C	0.02%	0.02%	0.02%
JBHT	F	0.06%	0.04%	0.04%
JBL	C	0.03%	0.06%	0.03%
JCI	B	0.23%	0.16%	0.16%
JEF	B	0.04%	0.05%	0.04%
JHG	B	0.02%	0.03%	0.02%
JKHY	D	0.06%	0.02%	0.02%
JLL	A	0.05%	0.07%	0.05%
JNJ	F	1.69%	0.9%	0.9%
JNPR	B	0.06%	0.05%	0.05%
JPM	B	2.71%	2.05%	2.05%
JWN	B	0.01%	0.03%	0.01%
K	C	0.07%	0.05%	0.05%
KBH	B	0.01%	0.03%	0.01%
KBR	C	0.02%	0.02%	0.02%
KD	C	0.03%	0.06%	0.03%
KDP	A	0.17%	0.08%	0.08%
KEY	D	0.06%	0.09%	0.06%
KEYS	D	0.11%	0.03%	0.03%
KHC	D	0.13%	0.1%	0.1%
KIM	B	0.06%	0.03%	0.03%
KMB	A	0.23%	0.11%	0.11%
KMI	B	0.18%	0.19%	0.18%
KMX	C	0.05%	0.06%	0.05%
KNX	F	0.04%	0.04%	0.04%
KO	B	0.72%	0.4%	0.4%
KR	C	0.16%	0.29%	0.16%
L	C	0.07%	0.05%	0.05%
LAD	D	0.03%	0.05%	0.03%
LAMR	C	0.02%	0.02%	0.02%
LDOS	B	0.1%	0.08%	0.08%
LEA	F	0.03%	0.06%	0.03%
LEG	F	0.01%	0.01%	0.01%
LEN	D	0.08%	0.17%	0.08%
LHX	B	0.2%	0.16%	0.16%
LIN	B	0.49%	0.33%	0.33%
LKQ	F	0.05%	0.05%	0.05%
LMT	C	0.48%	0.32%	0.32%
LNT	D	0.06%	0.04%	0.04%
LOW	C	0.62%	0.37%	0.37%
LPX	B	0.01%	0.04%	0.01%
LSTR	C	0.01%	0.02%	0.01%
LUV	B	0.08%	0.02%	0.02%
LVS	F	0.03%	0.04%	0.03%
LW	C	0.02%	0.02%	0.02%
LYB	C	0.12%	0.16%	0.12%
M	D	0.02%	0.07%	0.02%
MA	C	0.5%	0.27%	0.27%
MAA	B	0.08%	0.03%	0.03%
MAN	D	0.02%	0.05%	0.02%
MAS	C	0.03%	0.05%	0.03%
MCD	F	0.5%	0.3%	0.3%
MCHP	B	0.1%	0.07%	0.07%
MCK	A	0.38%	0.12%	0.12%
MCO	A	0.16%	0.07%	0.07%
MDLZ	D	0.25%	0.21%	0.21%
MDT	D	0.52%	0.35%	0.35%
MDU	C	0.02%	0.02%	0.02%
MET	C	0.2%	0.26%	0.2%
MGM	D	0.02%	0.06%	0.02%
MHK	D	0.03%	0.06%	0.03%
MIDD	D	0.02%	0.02%	0.02%
MKC	D	0.08%	0.03%	0.03%
MKSI	A	0.02%	0.02%	0.02%
MLM	C	0.06%	0.05%	0.05%
MMC	A	0.24%	0.14%	0.14%
MMM	B	0.27%	0.33%	0.27%
MMS	B	0.01%	0.02%	0.01%
MNST	F	0.07%	0.04%	0.04%
MO	B	0.38%	0.36%	0.36%
MOH	F	0.04%	0.04%	0.04%
MOS	F	0.04%	0.05%	0.04%
MPC	D	0.14%	0.45%	0.14%
MRK	B	0.95%	0.6%	0.6%
MRNA	C	0.22%	0.08%	0.08%
MRO	C	0.04%	0.08%	0.04%
MS	B	0.58%	0.36%	0.36%
MSCI	D	0.08%	0.02%	0.02%
MSI	A	0.13%	0.06%	0.06%
MSM	D	0.01%	0.02%	0.01%
MTB	C	0.12%	0.09%	0.09%
MTD	B	0.09%	0.04%	0.04%
MTG	B	0.02%	0.02%	0.02%
MTN	F	0.01%	0.01%	0.01%
MTZ	B	0.03%	0.03%	0.03%
MU	B	0.76%	0.61%	0.61%
MUR	D	0.02%	0.02%	0.02%
NDAQ	C	0.11%	0.03%	0.03%
NDSN	D	0.06%	0.02%	0.02%
NEE	C	0.72%	0.28%	0.28%
NEM	B	0.23%	0.17%	0.17%
NFG	C	0.02%	0.02%	0.02%
NI	C	0.06%	0.04%	0.04%
NKE	C	0.31%	0.21%	0.21%
NOC	F	0.29%	0.18%	0.18%
NOV	D	0.03%	0.03%	0.03%
NRG	B	0.09%	0.12%	0.09%
NSC	D	0.24%	0.19%	0.19%
NTAP	A	0.08%	0.09%	0.08%
NTRS	C	0.08%	0.07%	0.07%
NUE	D	0.07%	0.19%	0.07%
NWSA	B	0.05%	0.04%	0.04%
NXPI	B	0.08%	0.13%	0.08%
NXST	D	0.02%	0.03%	0.02%
NYCB	F	0.01%	0.01%	0.01%
O	D	0.21%	0.04%	0.04%
OGE	C	0.03%	0.03%	0.03%
OKE	C	0.08%	0.12%	0.08%
OLN	D	0.02%	0.03%	0.02%
OMC	C	0.09%	0.08%	0.08%
ON	C	0.08%	0.04%	0.04%
ORI	D	0.04%	0.04%	0.04%
ORLY	C	0.08%	0.09%	0.08%
OSK	D	0.03%	0.04%	0.03%
OTIS	B	0.12%	0.05%	0.05%
OXY	D	0.19%	0.13%	0.13%
PAG	D	0.01%	0.02%	0.01%
PARA	F	0.02%	0.11%	0.02%
PAYX	A	0.11%	0.06%	0.06%
PBF	F	0.02%	0.03%	0.02%
PCAR	C	0.07%	0.15%	0.07%
PCG	B	0.19%	0.03%	0.03%
PEG	B	0.18%	0.11%	0.11%
PENN	C	0.01%	0.01%	0.01%
PEP	D	0.7%	0.43%	0.43%
PFE	C	0.75%	0.68%	0.68%
PFG	C	0.08%	0.08%	0.08%
PFGC	D	0.05%	0.05%	0.05%
PG	A	1.16%	0.84%	0.84%
PGR	C	0.29%	0.24%	0.24%
PH	D	0.07%	0.11%	0.07%
PII	F	0.02%	0.02%	0.02%
PKG	B	0.08%	0.06%	0.06%
PLD	C	0.5%	0.07%	0.07%
PM	B	0.48%	0.44%	0.44%
PNC	C	0.29%	0.27%	0.27%
PNR	C	0.02%	0.03%	0.02%
PNW	C	0.04%	0.04%	0.04%
POOL	D	0.03%	0.02%	0.02%
POR	D	0.02%	0.02%	0.02%
POST	D	0.02%	0.02%	0.02%
PPG	D	0.15%	0.09%	0.09%
PPL	B	0.1%	0.11%	0.1%
PRGO	F	0.02%	0.03%	0.02%
PRU	B	0.2%	0.26%	0.2%
PSA	B	0.13%	0.05%	0.05%
PSX	D	0.29%	0.41%	0.29%
PVH	C	0.03%	0.05%	0.03%
PWR	A	0.06%	0.07%	0.06%
PYPL	D	0.31%	0.18%	0.18%
QCOM	A	0.56%	0.64%	0.56%
QRVO	B	0.05%	0.05%	0.05%
R	D	0.03%	0.06%	0.03%
REG	B	0.05%	0.02%	0.02%
REGN	A	0.21%	0.14%	0.14%
RF	C	0.08%	0.06%	0.06%
RGA	B	0.06%	0.05%	0.05%
RHI	F	0.03%	0.03%	0.03%
RJF	C	0.11%	0.04%	0.04%
RL	B	0.02%	0.03%	0.02%
RMD	B	0.15%	0.03%	0.03%
ROK	F	0.07%	0.05%	0.05%
ROP	A	0.16%	0.05%	0.05%
RPM	B	0.03%	0.03%	0.03%
RRX	D	0.04%	0.03%	0.03%
RSG	B	0.08%	0.07%	0.07%
RTX	B	0.67%	0.34%	0.34%
SAIC	D	0.02%	0.02%	0.02%
SBAC	F	0.06%	0.02%	0.02%
SBUX	D	0.18%	0.21%	0.18%
SCHW	D	0.53%	0.13%	0.13%
SCI	B	0.03%	0.02%	0.02%
SEIC	C	0.02%	0.02%	0.02%
SFM	B	0.02%	0.04%	0.02%
SHW	C	0.17%	0.07%	0.07%
SJM	C	0.06%	0.06%	0.06%
SLB	F	0.3%	0.13%	0.13%
SLM	D	0.01%	0.04%	0.01%
SNA	D	0.04%	0.04%	0.04%
SNV	C	0.03%	0.02%	0.02%
SNX	A	0.05%	0.03%	0.03%
SO	B	0.41%	0.27%	0.27%
SOLV	F	0.04%	0.05%	0.04%
SON	C	0.03%	0.03%	0.03%
SPG	B	0.15%	0.11%	0.11%
SPGI	B	0.38%	0.12%	0.12%
SRE	B	0.23%	0.11%	0.11%
ST	C	0.03%	0.03%	0.03%
STE	D	0.05%	0.03%	0.03%
STLD	C	0.03%	0.1%	0.03%
STT	D	0.1%	0.09%	0.09%
STWD	C	0.03%	0.02%	0.02%
STX	A	0.06%	0.11%	0.06%
STZ	C	0.2%	0.08%	0.08%
SWK	D	0.06%	0.07%	0.06%
SWKS	B	0.08%	0.04%	0.04%
SYF	C	0.08%	0.29%	0.08%
SYK	B	0.2%	0.13%	0.13%
SYY	D	0.17%	0.1%	0.1%
T	B	0.61%	1.2%	0.61%
TAP	F	0.05%	0.04%	0.04%
TDY	D	0.09%	0.02%	0.02%
TEL	A	0.13%	0.11%	0.11%
TER	A	0.11%	0.05%	0.05%
TFC	C	0.23%	0.21%	0.21%
TFX	D	0.05%	0.02%	0.02%
TGNA	F	0.01%	0.02%	0.01%
TGT	D	0.32%	0.4%	0.32%
THC	B	0.07%	0.08%	0.07%
THG	D	0.02%	0.02%	0.02%
THO	F	0.02%	0.04%	0.02%
TJX	A	0.21%	0.22%	0.21%
TKR	D	0.02%	0.02%	0.02%
TMHC	D	0.03%	0.03%	0.03%
TMO	C	0.66%	0.28%	0.28%
TMUS	B	0.44%	0.22%	0.22%
TNL	C	0.0%	0.02%	0.0%
TPR	C	0.05%	0.04%	0.04%
TRMB	C	0.07%	0.03%	0.03%
TROW	B	0.13%	0.13%	0.13%
TRV	D	0.23%	0.29%	0.23%
TSCO	A	0.08%	0.06%	0.06%
TSN	D	0.08%	0.19%	0.08%
TT	A	0.11%	0.11%	0.11%
TTC	B	0.03%	0.02%	0.02%
TTWO	C	0.06%	0.03%	0.03%
TXN	B	0.54%	0.36%	0.36%
TXT	C	0.08%	0.06%	0.06%
UDR	B	0.06%	0.02%	0.02%
UGI	D	0.02%	0.04%	0.02%
UHS	A	0.06%	0.09%	0.06%
ULTA	F	0.03%	0.03%	0.03%
UNH	D	1.38%	1.04%	1.04%
UNM	D	0.03%	0.05%	0.03%
UNP	D	0.36%	0.39%	0.36%
UPS	F	0.47%	0.25%	0.25%
USB	C	0.29%	0.28%	0.28%
USFD	B	0.06%	0.07%	0.06%
V	D	0.7%	0.35%	0.35%
VAC	F	0.01%	0.02%	0.01%
VICI	D	0.14%	0.02%	0.02%
VLO	D	0.25%	0.45%	0.25%
VMC	C	0.06%	0.05%	0.05%
VNO	C	0.02%	0.03%	0.02%
VOYA	B	0.02%	0.03%	0.02%
VRSK	A	0.08%	0.04%	0.04%
VRSN	C	0.04%	0.01%	0.01%
VRTX	B	0.22%	0.08%	0.08%
VSH	D	0.01%	0.02%	0.01%
VTR	A	0.1%	0.07%	0.07%
VTRS	F	0.06%	0.09%	0.06%
VZ	B	0.81%	1.29%	0.81%
WAB	B	0.14%	0.06%	0.06%
WAT	D	0.05%	0.04%	0.04%
WBA	D	0.05%	0.23%	0.05%
WBD	F	0.08%	0.06%	0.06%
WCC	C	0.04%	0.03%	0.03%
WDC	A	0.12%	0.19%	0.12%
WEC	D	0.12%	0.07%	0.07%
WELL	A	0.28%	0.09%	0.09%
WERN	D	0.01%	0.02%	0.01%
WFC	C	1.0%	1.34%	1.0%
WHR	F	0.02%	0.06%	0.02%
WM	C	0.19%	0.16%	0.16%
WMB	A	0.15%	0.14%	0.14%
WMT	A	1.39%	1.32%	1.32%
WPC	D	0.06%	0.02%	0.02%
WRB	C	0.08%	0.03%	0.03%
WRK	C	0.06%	0.13%	0.06%
WTRG	C	0.02%	0.02%	0.02%
WTW	D	0.13%	0.06%	0.06%
WU	D	0.02%	0.04%	0.02%
WY	F	0.1%	0.08%	0.08%
X	F	0.04%	0.08%	0.04%
XEL	D	0.14%	0.1%	0.1%
XOM	D	2.38%	1.99%	1.99%
XRAY	F	0.03%	0.02%	0.02%
XYL	B	0.16%	0.04%	0.04%
YUM	C	0.1%	0.09%	0.09%
ZBH	F	0.11%	0.05%	0.05%
ZBRA	D	0.07%	0.03%	0.03%
ZION	C	0.03%	0.05%	0.03%
ZTS	C	0.17%	0.08%	0.08%

IUSV Overweight 188 Positions Relative to FNDX

Symbol	Grade	Weight
FI	C	0.21%
COR	B	0.19%
KVUE	D	0.17%
ABNB	D	0.15%
VLTO	A	0.11%
UAL	C	0.08%
LH	C	0.08%
CSGP	F	0.08%
DXCM	C	0.08%
GEN	B	0.07%
AMCR	B	0.07%
INCY	B	0.06%
TECH	C	0.06%
RVTY	C	0.06%
COHR	B	0.05%
NLY	B	0.05%
ENPH	C	0.05%
COO	C	0.05%
EXPD	B	0.05%
UTHR	A	0.04%
FRT	D	0.04%
AAL	F	0.04%
GMED	A	0.04%
MKTX	F	0.04%
GME	C	0.04%
ROL	A	0.04%
SF	C	0.04%
FDS	D	0.04%
PTC	D	0.04%
MTCH	D	0.04%
PODD	B	0.04%
IBKR	B	0.03%
SRCL	B	0.03%
PB	D	0.03%
SSB	D	0.03%
WTFC	D	0.03%
VMI	B	0.03%
AIRC	A	0.03%
REXR	D	0.03%
ESNT	B	0.03%
BIO	D	0.03%
ADC	B	0.03%
XPO	D	0.03%
HR	C	0.03%
WBS	D	0.03%
CTRA	D	0.03%
LITE	B	0.02%
STAG	C	0.02%
NWS	B	0.02%
PCH	F	0.02%
CYTK	F	0.02%
PNM	D	0.02%
FR	C	0.02%
SBRA	A	0.02%
SR	D	0.02%
NEOG	B	0.02%
FLS	C	0.02%
PNFP	D	0.02%
OGS	D	0.02%
KMPR	C	0.02%
KRC	D	0.02%
MAT	F	0.02%
BRBR	C	0.02%
HQY	B	0.02%
UMBF	C	0.02%
CUZ	C	0.02%
DAY	F	0.02%
CFR	D	0.02%
BKH	D	0.02%
SLGN	D	0.02%
TKO	B	0.02%
AMKR	A	0.02%
ALE	B	0.02%
ERIE	C	0.02%
CBSH	D	0.02%
CNM	C	0.02%
PAYC	F	0.02%
ETSY	F	0.02%
RGLD	D	0.02%
AVNT	C	0.02%
COLB	F	0.02%
BDC	B	0.02%
ORA	C	0.02%
KEX	B	0.02%
IRT	A	0.02%
GBCI	C	0.02%
FOX	B	0.02%
NJR	D	0.02%
UBSI	D	0.02%
ELS	C	0.02%
SWX	C	0.02%
CGNX	B	0.02%
HOMB	C	0.02%
CUBE	B	0.02%
AMH	C	0.02%
FNB	D	0.02%
OHI	A	0.02%
ASH	B	0.02%
KRG	B	0.02%
NNN	B	0.02%
ONB	C	0.02%
FBIN	D	0.02%
RNR	B	0.02%
HGV	D	0.01%
KNF	C	0.01%
EPR	D	0.01%
AZTA	C	0.01%
MP	F	0.01%
BLKB	D	0.01%
YETI	C	0.01%
UAA	C	0.01%
UA	C	0.01%
WEN	F	0.01%
ALGM	D	0.01%
IPGP	F	0.01%
ROIV	C	0.01%
ALTM	F	0.01%
PPC	C	0.01%
CADE	D	0.01%
CHH	D	0.01%
SAM	C	0.01%
COLM	B	0.01%
GEF	D	0.01%
TEX	D	0.01%
VC	F	0.01%
NSA	A	0.01%
IRDM	F	0.01%
NSP	F	0.01%
CDP	B	0.01%
IBOC	C	0.01%
SMG	D	0.01%
HAE	D	0.01%
AMED	F	0.01%
CBT	B	0.01%
LIVN	D	0.01%
QDEL	F	0.01%
WOLF	D	0.01%
HWC	D	0.01%
RLI	C	0.01%
DOCS	C	0.01%
LFUS	B	0.01%
CHX	D	0.01%
LANC	C	0.01%
RH	F	0.01%
IART	D	0.01%
DLB	F	0.01%
WH	C	0.01%
OZK	D	0.01%
AM	B	0.01%
GO	F	0.01%
EXLS	D	0.01%
MTSI	A	0.01%
POWI	C	0.01%
SYNA	D	0.01%
CVLT	A	0.01%
FFIN	D	0.01%
EEFT	C	0.01%
ENOV	F	0.01%
OPCH	D	0.01%
SRPT	D	0.01%
MASI	C	0.01%
HELE	F	0.01%
EXPO	B	0.01%
ENS	B	0.01%
BRKR	D	0.01%
NOVT	B	0.01%
DTM	A	0.01%
RCM	B	0.01%
ZI	F	0.01%
SIGI	F	0.01%
RYN	B	0.01%
ZD	D	0.01%
GHC	C	0.01%
FHI	D	0.01%
HXL	D	0.01%
BHF	F	0.01%
TCBI	D	0.01%
CNXC	D	0.01%
AZPN	D	0.01%
IDA	D	0.01%
CRUS	A	0.01%
GATX	B	0.01%
VLY	D	0.01%
CXT	B	0.01%
EGP	C	0.01%
ASB	C	0.01%
NVST	F	0.01%
NWE	D	0.01%

IUSV Underweight 163 Positions Relative to FNDX

Symbol	Grade	Weight
AAPL	B	-3.94%
MSFT	A	-2.61%
META	B	-1.92%
AMZN	C	-1.47%
GOOGL	B	-1.42%
GOOG	B	-1.26%
AVGO	B	-0.66%
NVDA	A	-0.44%
ORCL	A	-0.37%
AMAT	A	-0.33%
LLY	A	-0.26%
LRCX	A	-0.22%
BKNG	A	-0.21%
ADBE	C	-0.16%
DHI	D	-0.15%
VST	C	-0.15%
NFLX	A	-0.14%
URI	C	-0.12%
KLAC	A	-0.11%
LUMN	F	-0.11%
TSLA	C	-0.11%
CRM	F	-0.11%
PHM	D	-0.11%
KKR	B	-0.11%
INTU	C	-0.1%
AMD	C	-0.09%
ROST	A	-0.08%
RS	D	-0.08%
KSS	F	-0.08%
TDG	B	-0.08%
MAR	C	-0.08%
ZIM	C	-0.07%
OC	B	-0.07%
WSM	B	-0.07%
NVR	D	-0.07%
LNC	B	-0.07%
OGN	C	-0.07%
CE	D	-0.07%
OMF	C	-0.06%
ACGL	B	-0.06%
HLT	A	-0.06%
EME	B	-0.06%
FLEX	B	-0.06%
TDS	C	-0.05%
BAP	D	-0.05%
CNH	D	-0.05%
FANG	D	-0.05%
HES	D	-0.05%
MKL	B	-0.05%
CASY	B	-0.05%
TOL	D	-0.05%
TRGP	A	-0.05%
CSL	A	-0.05%
OVV	D	-0.05%
MRVL	B	-0.04%
LPLA	A	-0.04%
HUN	D	-0.04%
UBER	B	-0.04%
AER	B	-0.04%
APA	F	-0.04%
BAH	B	-0.04%
DECK	B	-0.04%
ODFL	D	-0.04%
GPI	B	-0.04%
ALSN	C	-0.04%
QRTEA	F	-0.04%
CCEP	B	-0.04%
AAP	D	-0.04%
MUSA	A	-0.04%
LNG	C	-0.04%
VFC	C	-0.04%
DXC	D	-0.04%
CMG	A	-0.04%
APO	A	-0.04%
CPAY	D	-0.04%
CPRT	C	-0.03%
EXPE	C	-0.03%
GDDY	B	-0.03%
ICLR	B	-0.03%
ITT	C	-0.03%
PK	D	-0.03%
SWN	D	-0.03%
NWL	F	-0.03%
TPH	D	-0.03%
NVT	B	-0.03%
HBI	C	-0.03%
SKX	B	-0.03%
XRX	F	-0.03%
IT	C	-0.03%
LII	A	-0.03%
GNW	D	-0.03%
LULU	F	-0.03%
SEE	C	-0.03%
PANW	B	-0.03%
FL	C	-0.03%
MTH	D	-0.03%
SSNC	C	-0.03%
SLG	A	-0.03%
FTV	D	-0.03%
UFPI	D	-0.03%
ANET	A	-0.03%
CHKP	B	-0.03%
BPOP	D	-0.03%
CDNS	A	-0.03%
BCC	D	-0.03%
SANM	B	-0.03%
WSO	A	-0.03%
JXN	C	-0.03%
DOX	F	-0.03%
SNPS	A	-0.03%
SQ	F	-0.02%
DK	F	-0.02%
BLDR	D	-0.02%
NOW	C	-0.02%
CYH	C	-0.02%
WST	F	-0.02%
UHAL	D	-0.02%
FCNCA	D	-0.02%
RUSHA	D	-0.02%
ASO	D	-0.02%
WLK	D	-0.02%
HUBG	B	-0.02%
MPW	C	-0.02%
CBOE	D	-0.02%
SPTN	F	-0.02%
GGG	D	-0.02%
LECO	F	-0.02%
LILAK	C	-0.02%
ODP	D	-0.02%
BECN	B	-0.02%
FTNT	F	-0.02%
AEO	D	-0.02%
TPX	D	-0.02%
REZI	D	-0.02%
NAVI	F	-0.02%
SUI	D	-0.02%
AL	C	-0.02%
DAN	D	-0.02%
TRU	D	-0.02%
PRI	B	-0.02%
UNFI	C	-0.02%
BTU	D	-0.02%
EXP	C	-0.02%
SM	C	-0.02%
BLD	B	-0.02%
CNX	C	-0.02%
AVTR	D	-0.02%
ABG	B	-0.02%
CAR	F	-0.02%
HRB	A	-0.02%
ABM	B	-0.02%
FTI	C	-0.02%
NSIT	B	-0.02%
AXTA	B	-0.02%
CRBG	B	-0.02%
MLI	D	-0.02%
BIG	F	-0.01%
ACI	F	-0.01%
DBX	F	-0.01%
ANDE	D	-0.01%
ARCH	D	-0.01%
OI	F	-0.01%
UHAL	D	-0.0%