Schwab Fundamental U.S. Large Company Index ETF
FNDX
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Aug 15, 2013
- CIK
- 0001454889
- Website
- schwabassetmanagement.com
- Similar Companies
- Business
- Schwab Fundamental U.S. Large Company ETF (FNDX) is an exchange-traded fund that seeks to track the total return of the RAFI Fundamental High Liquidity US Large Index, which measures the performance of large U.S. companies based on fundamental metrics including adjusted sales, retained operating cash flow, and dividends plus buybacks; the fund employs a full replication strategy to hold approximately 730 large-cap U.S. equities across sectors such as information technology (17.39%), financials (16.29%), health care (11.96%), and energy (8.59%), with top holdings including Apple Inc. (4.64%), Microsoft Corp. (2.65%), and Exxon Mobil Corp. (2.09%). Launched on August 15, 2013, and managed passively by Charles Schwab Investment Management, Inc., a division of The Charles Schwab Corporation headquartered in Westlake, Texas, FNDX offers investors exposure to a fundamentally weighted portfolio of U.S. large-cap value stocks characterized by low costs (0.25% expense ratio), quarterly rebalancing for contrarian positioning, and potential tax efficiency; it distributes quarterly dividends with a trailing twelve-month yield of 1.61% and serves retail and institutional investors seeking core equity allocation or a complement to market-cap weighted strategies. In June 2024, the fund transitioned its benchmark from the Russell RAFI US Large Company Index to the RAFI Fundamental High Liquidity US Large Index as part of Schwab Asset Management's product refinement initiative, dropping "Index" from its name; additionally, effective October 10, 2024, FNDX executed a 3-for-1 forward share split for shareholders of record as of October 9, 2024, increasing shares outstanding while proportionally reducing net asset value per share without altering total shareholder value. As of December 2025, the ETF manages total net assets exceeding $21.8 billion, trades on NYSE Arca, and maintains a portfolio turnover rate of 11.72%, focusing operations exclusively on U.S. equity markets without international exposure or subsidiaries.