Overview
Weights large US companies by fundamentals — sales, cash flow, dividends and buybacks — instead of market cap, systematically leaning toward value.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AAPL | Apple Inc. | 4.6% |
| MSFT | Microsoft Corp. | 3.6% |
| NVDA | NVIDIA Corp. | 2.8% |
| XOM | Exxon Mobil | 2.4% |
| GOOGL | Alphabet Inc. A | 2.4% |
| AMZN | Amazon.com Inc. | 2.2% |
| BRK.B | Berkshire Hathaway | 2.1% |
| JPM | JPMorgan Chase | 1.9% |
| META | Meta Platforms | 1.7% |
| CVX | Chevron Corp. | 1.3% |
Fund Details
Investment Thesis
Fundamental indexing breaks the link between price and portfolio weight: when a stock gets expensive relative to its sales and cash flow, FNDX systematically trims it — the opposite of what cap-weighted funds do. That discipline cost it during the pure growth years and paid off handsomely in the recent broadening, driving a 1-year return that beat most cap-weighted large-cap funds.
Who It's For
Investors who believe cap-weighting overpays for hype and want an automatic rebalance toward fundamentals, without going full value-fund. A credible core alternative or complement to an S&P 500 holding.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $9.83 | -- |
| 2017 | $11.60 | +18.0% |
| 2018 | $10.55 | -9.1% |
| 2019 | $13.30 | +26.1% |
| 2020 | $14.63 | +10.0% |
| 2021 | $18.43 | +26.0% |
| 2022 | $16.77 | -9.0% |
| 2023 | $19.62 | +17.0% |
| 2024 | $22.96 | +17.0% |
| 2025 | $26.40 | +15.0% |
| Year | Yield |
|---|---|
| 2016 | 1.90% |
| 2017 | 1.80% |
| 2018 | 2.10% |
| 2019 | 1.90% |
| 2020 | 1.80% |
| 2021 | 1.50% |
| 2022 | 1.80% |
| 2023 | 1.70% |
| 2024 | 1.60% |
| 2025 | 1.50% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.5B | -- |
| 2017 | $3B | +100.0% |
| 2018 | $3.5B | +16.7% |
| 2019 | $5B | +42.9% |
| 2020 | $6B | +20.0% |
| 2021 | $10B | +66.7% |
| 2022 | $11B | +10.0% |
| 2023 | $14B | +27.3% |
| 2024 | $19B | +35.7% |
| 2025 | $24B | +26.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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