What does Schwab Fundamental U.S. Large Company Index ETF do?
Schwab Fundamental U.S. Large Company Index ETF (NYSE:FNDX) is an exchange-traded fund (ETF) that focuses on delivering investment results closely aligned with the Russell RAFI™ US Large Company Index. This index reflects the performance of the largest U.S. companies, selected based on fundamental measures including adjusted sales, operating cash flow, and dividends plus buybacks. FNDX aims to provide long-term growth by investing in these fundamentally strong companies. The ETF operates with the objective of tracking the financial health and performance of large-cap U.S. entities, offering investors exposure to a diversified portfolio that is rebalanced regularly to reflect changes in the underlying index. Through strategic investments guided by rigorous research, FNDX strives to achieve returns that closely mimic the index it follows, making it a suitable choice for investors looking to tap into the growth potential of large U.S. companies.