Schwab Fundamental U.S. Large Company Index ETF (NYSEArca: FNDX)
Assets under management: $214 million
Year-to-date performance: Up 11%
Comment: A lot of ETFs’ names imply one thing but fail to deliver on the advertised strategy. FNDX is not one of those funds. The rapidly growing ETF (it has more than quadrupled in size this year), focuses on retained operating cash flow, adjusted sales, and dividends plus buybacks. [This ETF has the Fundamentals Down]
While not an overt buyback, dividend or value ETF, FNDX marries those components through large weights to sectors that can be considered value groups (think energy and financial services) as well as allocations to some of the largest share repurchasers and companies that have long histories of increasing dividends.