DTD vs. ILCV ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to iShares Morningstar Value ETF (ILCV)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$76.24

Average Daily Volume

23,193

Number of Holdings ^*

805

* may have additional holdings in another (foreign) market

ILCV

iShares Morningstar Value ETF

ILCV Description

The investment seeks to track the investment results of the Morningstar® US Large-Mid Cap Broad Value IndexSM composed of large-and mid-capitalization 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. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited above-average value characteristics as determined by Morningstar, Inc.(Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$81.88

Average Daily Volume

19,014

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

Performance

Period	DTD	ILCV
30 Days	1.92%	1.62%
60 Days	4.76%	4.02%
90 Days	8.21%	7.27%
12 Months	29.20%	26.63%

318 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in ILCV	Overlap
	AAPL	C	3.2%	6.3%	3.2%
	ABBV	B	2.33%	1.32%	1.32%
	ABT	C	0.43%	0.76%	0.43%
	ACI	F	0.04%	0.03%	0.03%
	ACM	B	0.02%	0.02%	0.02%
	ADI	C	0.24%	0.36%	0.24%
	ADM	D	0.09%	0.11%	0.09%
	ADP	C	0.32%	0.27%	0.27%
	AEE	B	0.11%	0.09%	0.09%
	AEP	C	0.27%	0.21%	0.21%
	AFG	C	0.03%	0.02%	0.02%
	AFL	A	0.26%	0.21%	0.21%
	AIG	D	0.13%	0.18%	0.13%
	AJG	D	0.07%	0.15%	0.07%
	ALB	D	0.02%	0.02%	0.02%
	ALL	C	0.15%	0.11%	0.11%
	ALLY	F	0.05%	0.04%	0.04%
	AMAT	D	0.16%	0.37%	0.16%
	AMGN	D	0.64%	0.7%	0.64%
	AMP	B	0.12%	0.06%	0.06%
	AMT	C	0.33%	0.42%	0.33%
	AOS	B	0.03%	0.01%	0.01%
	APA	F	0.03%	0.04%	0.03%
	APD	B	0.18%	0.25%	0.18%
	APH	C	0.14%	0.13%	0.13%
	APO	B	0.16%	0.14%	0.14%
	ARE	C	0.08%	0.05%	0.05%
	ATO	B	0.1%	0.08%	0.08%
	AVB	C	0.16%	0.06%	0.06%
	AVGO	C	2.39%	1.33%	1.33%
	AVY	C	0.03%	0.03%	0.03%
	AWK	C	0.07%	0.06%	0.06%
	AXP	B	0.31%	0.38%	0.31%
	BAC	D	1.12%	1.05%	1.05%
	BAH	B	0.04%	0.02%	0.02%
	BALL	C	0.04%	0.03%	0.03%
	BBY	A	0.12%	0.07%	0.07%
	BDX	D	0.12%	0.26%	0.12%
	BEN	F	0.06%	0.02%	0.02%
	BK	B	0.22%	0.2%	0.2%
	BKNG	B	0.25%	0.35%	0.25%
	BKR	C	0.11%	0.07%	0.07%
	BLK	B	0.4%	0.53%	0.4%
	BMY	C	0.5%	0.39%	0.39%
	BX	C	0.36%	0.23%	0.23%
	C	C	0.6%	0.46%	0.46%
	CAG	B	0.08%	0.06%	0.06%
	CAH	C	0.06%	0.11%	0.06%
	CARR	B	0.11%	0.11%	0.11%
	CASY	D	0.02%	0.02%	0.02%
	CAT	B	0.45%	0.53%	0.45%
	CCI	C	0.28%	0.19%	0.19%
	CCK	B	0.02%	0.03%	0.02%
	CE	D	0.04%	0.02%	0.02%
	CEG	C	0.08%	0.31%	0.08%
	CF	B	0.04%	0.06%	0.04%
	CG	C	0.07%	0.04%	0.04%
	CHK	C	0.04%	0.03%	0.03%
	CI	C	0.24%	0.38%	0.24%
	CINF	C	0.07%	0.05%	0.05%
	CL	C	0.35%	0.23%	0.23%
	CLX	C	0.08%	0.03%	0.03%
	CMCSA	C	0.84%	0.6%	0.6%
	CME	B	0.18%	0.3%	0.18%
	CMI	B	0.15%	0.05%	0.05%
	CMS	B	0.07%	0.05%	0.05%
	CNP	C	0.05%	0.07%	0.05%
	COF	B	0.14%	0.22%	0.14%
	COP	F	0.33%	0.49%	0.33%
	COST	C	0.44%	0.83%	0.44%
	CPB	C	0.06%	0.04%	0.04%
	CPT	C	0.03%	0.03%	0.03%
	CSCO	B	1.17%	0.81%	0.81%
	CSX	C	0.1%	0.26%	0.1%
	CTSH	B	0.08%	0.15%	0.08%
	CVS	D	0.28%	0.28%	0.28%
	CVX	F	1.43%	0.95%	0.95%
	D	C	0.34%	0.11%	0.11%
	DAL	C	0.04%	0.06%	0.04%
	DD	B	0.09%	0.07%	0.07%
	DE	A	0.2%	0.4%	0.2%
	DELL	C	0.06%	0.07%	0.06%
	DFS	C	0.11%	0.06%	0.06%
	DGX	B	0.04%	0.07%	0.04%
	DHI	C	0.08%	0.22%	0.08%
	DHR	B	0.17%	0.68%	0.17%
	DINO	F	0.04%	0.03%	0.03%
	DIS	D	0.16%	0.47%	0.16%
	DKS	D	0.05%	0.03%	0.03%
	DLR	B	0.16%	0.05%	0.05%
	DOV	B	0.05%	0.03%	0.03%
	DOW	C	0.24%	0.08%	0.08%
	DRI	C	0.12%	0.04%	0.04%
	DTE	A	0.1%	0.1%	0.1%
	DUK	B	0.42%	0.35%	0.35%
	EA	D	0.04%	0.04%	0.04%
	EBAY	B	0.1%	0.08%	0.08%
	ECL	B	0.13%	0.11%	0.11%
	ED	B	0.21%	0.14%	0.14%
	EIX	B	0.16%	0.13%	0.13%
	ELS	D	0.02%	0.02%	0.02%
	ELV	D	0.18%	0.48%	0.18%
	EMN	B	0.06%	0.05%	0.05%
	EMR	D	0.16%	0.23%	0.16%
	EOG	D	0.4%	0.28%	0.28%
	EQH	C	0.05%	0.05%	0.05%
	EQR	C	0.11%	0.06%	0.06%
	EQT	C	0.06%	0.03%	0.03%
	ES	B	0.13%	0.09%	0.09%
	ESS	C	0.06%	0.04%	0.04%
	ETR	A	0.2%	0.11%	0.11%
	EVRG	B	0.08%	0.06%	0.06%
	EXC	B	0.16%	0.15%	0.15%
	EXPD	B	0.04%	0.07%	0.04%
	EXR	C	0.17%	0.09%	0.09%
	FANG	F	0.09%	0.12%	0.09%
	FDX	D	0.17%	0.22%	0.17%
	FE	B	0.12%	0.09%	0.09%
	FIS	C	0.2%	0.18%	0.18%
	FITB	B	0.15%	0.11%	0.11%
	FNF	B	0.08%	0.06%	0.06%
	FOX	B	0.05%	0.02%	0.02%
	FTV	C	0.03%	0.03%	0.03%
	GD	C	0.2%	0.29%	0.2%
	GE	C	0.17%	0.36%	0.17%
	GEHC	B	0.04%	0.08%	0.04%
	GILD	B	0.44%	0.4%	0.4%
	GIS	B	0.19%	0.16%	0.16%
	GLPI	C	0.07%	0.05%	0.05%
	GLW	B	0.16%	0.13%	0.13%
	GM	C	0.09%	0.21%	0.09%
	GOOG	D	0.53%	1.6%	0.53%
	GOOGL	D	0.81%	1.79%	0.81%
	GPC	D	0.07%	0.04%	0.04%
	GPN	D	0.03%	0.07%	0.03%
	GS	B	0.6%	0.62%	0.6%
	HAL	F	0.05%	0.05%	0.05%
	HBAN	B	0.12%	0.08%	0.08%
	HCA	B	0.13%	0.29%	0.13%
	HD	B	1.76%	1.49%	1.49%
	HIG	B	0.14%	0.13%	0.13%
	HII	F	0.03%	0.02%	0.02%
	HON	C	0.48%	0.51%	0.48%
	HPE	C	0.07%	0.09%	0.07%
	HPQ	C	0.14%	0.13%	0.13%
	HRL	F	0.07%	0.02%	0.02%
	HST	D	0.04%	0.05%	0.04%
	HSY	D	0.08%	0.05%	0.05%
	HUM	F	0.04%	0.14%	0.04%
	IBM	B	1.27%	0.77%	0.77%
	ICE	C	0.23%	0.29%	0.23%
	IP	C	0.09%	0.07%	0.07%
	IPG	C	0.06%	0.04%	0.04%
	IRM	C	0.12%	0.06%	0.06%
	ITW	B	0.3%	0.29%	0.29%
	J	A	0.02%	0.02%	0.02%
	JBHT	D	0.02%	0.02%	0.02%
	JBL	C	0.01%	0.02%	0.01%
	JNJ	C	2.05%	1.52%	1.52%
	JNPR	A	0.05%	0.05%	0.05%
	JPM	D	2.8%	2.31%	2.31%
	K	A	0.14%	0.08%	0.08%
	KDP	B	0.16%	0.1%	0.1%
	KHC	C	0.23%	0.12%	0.12%
	KIM	C	0.05%	0.02%	0.02%
	KKR	B	0.12%	0.25%	0.12%
	KLAC	D	0.12%	0.24%	0.12%
	KMB	C	0.29%	0.12%	0.12%
	KO	B	1.63%	1.08%	1.08%
	KR	B	0.16%	0.14%	0.14%
	KVUE	B	0.2%	0.15%	0.15%
	L	D	0.01%	0.06%	0.01%
	LDOS	A	0.04%	0.05%	0.04%
	LEN	B	0.08%	0.17%	0.08%
	LEN	B	0.08%	0.01%	0.01%
	LHX	C	0.11%	0.17%	0.11%
	LKQ	F	0.03%	0.04%	0.03%
	LMT	A	0.47%	0.47%	0.47%
	LNG	D	0.07%	0.11%	0.07%
	LNT	A	0.06%	0.06%	0.06%
	LOW	B	0.57%	0.57%	0.57%
	LRCX	D	0.13%	0.24%	0.13%
	LUV	C	0.05%	0.04%	0.04%
	MAA	C	0.07%	0.05%	0.05%
	MAR	B	0.13%	0.18%	0.13%
	MAS	B	0.06%	0.04%	0.04%
	MCD	B	0.85%	0.65%	0.65%
	MCHP	D	0.09%	0.09%	0.09%
	MCK	F	0.06%	0.18%	0.06%
	MCO	C	0.11%	0.13%	0.11%
	MDLZ	C	0.43%	0.38%	0.38%
	MET	B	0.23%	0.19%	0.19%
	META	B	0.92%	2.05%	0.92%
	MKC	C	0.06%	0.04%	0.04%
	MMC	C	0.26%	0.31%	0.26%
	MO	C	0.66%	0.33%	0.33%
	MOS	F	0.02%	0.03%	0.02%
	MPC	F	0.24%	0.22%	0.22%
	MRK	F	0.98%	0.73%	0.73%
	MRO	D	0.04%	0.06%	0.04%
	MS	B	0.81%	0.49%	0.49%
	MSI	B	0.14%	0.19%	0.14%
	MTB	C	0.14%	0.11%	0.11%
	MU	D	0.08%	0.39%	0.08%
	NDAQ	C	0.07%	0.07%	0.07%
	NI	B	0.06%	0.06%	0.06%
	NKE	D	0.16%	0.3%	0.16%
	NOC	B	0.14%	0.3%	0.14%
	NRG	B	0.07%	0.05%	0.05%
	NSC	C	0.15%	0.22%	0.15%
	NTAP	D	0.09%	0.05%	0.05%
	NTRS	C	0.08%	0.07%	0.07%
	NUE	D	0.06%	0.13%	0.06%
	NWS	D	0.0%	0.01%	0.0%
	NWSA	D	0.03%	0.04%	0.03%
	O	B	0.28%	0.14%	0.14%
	OC	C	0.04%	0.06%	0.04%
	OKE	C	0.34%	0.21%	0.21%
	OMC	B	0.09%	0.08%	0.08%
	ORCL	B	0.68%	0.74%	0.68%
	OTIS	B	0.1%	0.06%	0.06%
	OVV	F	0.04%	0.04%	0.04%
	OXY	F	0.07%	0.13%	0.07%
	PAG	D	0.04%	0.01%	0.01%
	PCAR	D	0.26%	0.2%	0.2%
	PCG	C	0.03%	0.1%	0.03%
	PEG	B	0.26%	0.17%	0.17%
	PEP	D	1.23%	0.91%	0.91%
	PFG	B	0.09%	0.08%	0.08%
	PG	C	1.72%	1.59%	1.59%
	PGR	C	0.13%	0.27%	0.13%
	PH	B	0.18%	0.17%	0.17%
	PHM	B	0.06%	0.07%	0.06%
	PKG	B	0.1%	0.07%	0.07%
	PLD	C	0.38%	0.33%	0.33%
	PM	C	1.15%	0.72%	0.72%
	PNC	C	0.37%	0.29%	0.29%
	POOL	C	0.03%	0.03%	0.03%
	PPG	C	0.09%	0.07%	0.07%
	PPL	A	0.1%	0.09%	0.09%
	PRU	C	0.25%	0.17%	0.17%
	PSA	C	0.28%	0.11%	0.11%
	PSX	F	0.21%	0.21%	0.21%
	QCOM	D	0.47%	0.73%	0.47%
	REG	C	0.02%	0.03%	0.02%
	RF	B	0.14%	0.08%	0.08%
	RGA	C	0.06%	0.06%	0.06%
	RJF	C	0.05%	0.04%	0.04%
	ROP	C	0.05%	0.13%	0.05%
	RPM	B	0.04%	0.02%	0.02%
	RRX	C	0.02%	0.02%	0.02%
	RS	D	0.05%	0.06%	0.05%
	RSG	D	0.1%	0.11%	0.1%
	RTX	B	0.55%	0.6%	0.55%
	SBUX	C	0.32%	0.27%	0.27%
	SCHW	D	0.2%	0.36%	0.2%
	SCI	C	0.03%	0.02%	0.02%
	SHW	B	0.13%	0.23%	0.13%
	SJM	C	0.05%	0.05%	0.05%
	SNA	B	0.07%	0.04%	0.04%
	SNX	C	0.02%	0.02%	0.02%
	SO	B	0.44%	0.38%	0.38%
	SPG	B	0.38%	0.2%	0.2%
	SPGI	C	0.17%	0.36%	0.17%
	SRE	B	0.19%	0.2%	0.19%
	SSNC	C	0.04%	0.06%	0.04%
	STLD	C	0.04%	0.07%	0.04%
	STT	B	0.13%	0.1%	0.1%
	STZ	C	0.12%	0.07%	0.07%
	SW	B	0.04%	0.09%	0.04%
	SWK	B	0.07%	0.03%	0.03%
	SWKS	F	0.05%	0.06%	0.05%
	SYF	C	0.07%	0.08%	0.07%
	SYK	C	0.24%	0.3%	0.24%
	TAP	D	0.04%	0.04%	0.04%
	TER	C	0.02%	0.04%	0.02%
	TGT	C	0.26%	0.28%	0.26%
	TJX	C	0.36%	0.37%	0.36%
	TMO	B	0.2%	0.77%	0.2%
	TMUS	B	0.66%	0.3%	0.3%
	TOL	A	0.01%	0.04%	0.01%
	TRGP	C	0.09%	0.08%	0.08%
	TROW	C	0.12%	0.09%	0.09%
	TRV	C	0.14%	0.12%	0.12%
	TSCO	B	0.08%	0.03%	0.03%
	TSN	D	0.08%	0.03%	0.03%
	TXN	B	0.68%	0.72%	0.68%
	TXT	D	0.02%	0.03%	0.02%
	UDR	C	0.05%	0.02%	0.02%
	UHS	C	0.02%	0.03%	0.02%
	UNH	C	1.23%	1.76%	1.23%
	UNM	B	0.05%	0.04%	0.04%
	UNP	D	0.39%	0.58%	0.39%
	UPS	D	0.44%	0.36%	0.36%
	URI	B	0.07%	0.1%	0.07%
	USB	C	0.4%	0.28%	0.28%
	VICI	C	0.28%	0.13%	0.13%
	VLO	F	0.17%	0.17%	0.17%
	VLTO	B	0.02%	0.04%	0.02%
	VST	B	0.12%	0.05%	0.05%
	VTR	C	0.08%	0.06%	0.06%
	VTRS	D	0.08%	0.05%	0.05%
	WEC	B	0.11%	0.12%	0.11%
	WELL	C	0.18%	0.18%	0.18%
	WFC	D	0.72%	0.74%	0.72%
	WLK	C	0.03%	0.01%	0.01%
	WM	D	0.23%	0.2%	0.2%
	WMB	C	0.3%	0.21%	0.21%
	WMT	B	1.52%	1.32%	1.32%
	WPC	C	0.07%	0.05%	0.05%
	WRB	D	0.07%	0.03%	0.03%
	WSM	C	0.06%	0.02%	0.02%
	WTRG	D	0.03%	0.03%	0.03%
	WY	C	0.05%	0.09%	0.05%
	XEL	B	0.21%	0.14%	0.14%
	XOM	D	2.45%	1.97%	1.97%
	ZBH	F	0.02%	0.04%	0.02%
	ZTS	B	0.13%	0.19%	0.13%

DTD Overweight 488 Positions Relative to ILCV

	Symbol	Grade	Weight
	MSFT	C	2.98%
	NVDA	C	1.99%
	LLY	D	0.73%
	V	C	0.64%
	MA	B	0.44%
	PAYX	C	0.24%
	CRM	C	0.2%
	SYY	C	0.18%
	EQIX	B	0.16%
	INTU	D	0.16%
	FAST	C	0.16%
	CTAS	C	0.14%
	YUM	B	0.11%
	ARES	B	0.1%
	GWW	B	0.09%
	CRBG	C	0.09%
	PNW	C	0.08%
	ORI	B	0.07%
	BR	C	0.07%
	ROST	C	0.07%
	LVS	C	0.07%
	OGE	B	0.06%
	CNA	D	0.06%
	JEF	C	0.06%
	HES	F	0.06%
	ROK	D	0.06%
	LAMR	B	0.06%
	CUBE	C	0.06%
	AM	B	0.06%
	INGR	B	0.05%
	CHRD	F	0.05%
	XYL	C	0.05%
	OWL	B	0.05%
	RMD	C	0.05%
	IR	B	0.05%
	HUBB	B	0.05%
	OMF	D	0.05%
	ERIE	B	0.05%
	NNN	B	0.05%
	TPR	A	0.05%
	LII	C	0.05%
	JXN	B	0.05%
	INVH	D	0.05%
	MSCI	C	0.05%
	HRB	C	0.05%
	HLT	B	0.05%
	CBOE	C	0.05%
	TXRH	B	0.05%
	EWBC	C	0.05%
	WSO	C	0.05%
	CMA	C	0.05%
	PATK	C	0.04%
	EFX	C	0.04%
	UI	B	0.04%
	HWM	B	0.04%
	AVA	B	0.04%
	BRO	C	0.04%
	SNV	D	0.04%
	A	C	0.04%
	BPOP	C	0.04%
	UGI	B	0.04%
	CHRW	B	0.04%
	BKH	B	0.04%
	SUI	C	0.04%
	FHB	D	0.04%
	FNB	D	0.04%
	CSL	B	0.04%
	ITT	B	0.04%
	OGN	D	0.04%
	WBS	C	0.04%
	PWR	B	0.04%
	ODFL	D	0.04%
	RDN	D	0.04%
	MLM	D	0.04%
	MPWR	B	0.04%
	MTG	B	0.04%
	FRT	C	0.04%
	CHD	C	0.04%
	BRX	C	0.04%
	CIVI	F	0.04%
	AME	C	0.04%
	ROL	C	0.04%
	NWE	A	0.04%
	EVR	B	0.04%
	DTM	C	0.04%
	VMC	C	0.04%
	LNC	C	0.04%
	CDW	D	0.04%
	HLNE	B	0.03%
	AVT	B	0.03%
	SBAC	C	0.03%
	PNM	B	0.03%
	BANF	C	0.03%
	BOKF	C	0.03%
	EHC	B	0.03%
	CNS	B	0.03%
	VRT	C	0.03%
	FCNCA	D	0.03%
	VGR	C	0.03%
	PII	D	0.03%
	TKR	C	0.03%
	WST	D	0.03%
	AUB	D	0.03%
	NXST	D	0.03%
	FLS	C	0.03%
	GAP	F	0.03%
	WSBC	D	0.03%
	SMG	B	0.03%
	REYN	C	0.03%
	ALSN	B	0.03%
	VCTR	B	0.03%
	SF	B	0.03%
	TPL	C	0.03%
	COLB	B	0.03%
	R	C	0.03%
	AIZ	B	0.03%
	MSM	D	0.03%
	DCI	C	0.03%
	DPZ	D	0.03%
	CBT	B	0.03%
	OFG	C	0.03%
	OZK	F	0.03%
	WEN	C	0.03%
	SR	B	0.03%
	ALE	A	0.03%
	JWN	C	0.03%
	ASB	D	0.03%
	ACT	C	0.03%
	SFNC	C	0.03%
	AIT	B	0.03%
	BANR	C	0.03%
	KBH	C	0.03%
	CCOI	C	0.03%
	OGS	B	0.03%
	GPK	C	0.03%
	MLI	B	0.03%
	AROC	D	0.03%
	PB	D	0.03%
	POR	B	0.03%
	LECO	D	0.03%
	PRI	B	0.03%
	FBP	C	0.03%
	SON	D	0.03%
	HOMB	D	0.03%
	RL	B	0.03%
	MC	C	0.03%
	PFS	C	0.03%
	CFR	C	0.03%
	FIBK	C	0.03%
	TFSL	D	0.03%
	WAL	B	0.03%
	FLO	C	0.03%
	FAF	B	0.03%
	ZION	D	0.03%
	WAB	B	0.03%
	VLY	D	0.03%
	HEI	C	0.03%
	AWR	C	0.03%
	VRSK	D	0.03%
	NFG	B	0.03%
	WU	C	0.03%
	MTN	D	0.03%
	HLI	C	0.03%
	HWC	D	0.02%
	LAD	B	0.02%
	AGCO	D	0.02%
	MCY	C	0.02%
	SLVM	C	0.02%
	APOG	B	0.02%
	NOV	F	0.02%
	WD	B	0.02%
	IOSP	F	0.02%
	SEE	C	0.02%
	BANC	C	0.02%
	UVSP	C	0.02%
	TTEK	C	0.02%
	TPX	B	0.02%
	SEIC	B	0.02%
	PTEN	F	0.02%
	HRI	C	0.02%
	LW	D	0.02%
	RNST	D	0.02%
	AEO	D	0.02%
	SEM	D	0.02%
	BCO	B	0.02%
	WHD	D	0.02%
	NSP	F	0.02%
	M	F	0.02%
	BYD	C	0.02%
	LEA	D	0.02%
	PFSI	C	0.02%
	SHOO	B	0.02%
	HTH	D	0.02%
	CAKE	B	0.02%
	MATX	B	0.02%
	WAFD	D	0.02%
	WSFS	D	0.02%
	FR	C	0.02%
	IDCC	B	0.02%
	SSD	C	0.02%
	SPB	B	0.02%
	BERY	B	0.02%
	BKE	B	0.02%
	KFY	C	0.02%
	HAFC	D	0.02%
	AL	C	0.02%
	RHI	D	0.02%
	IBTX	C	0.02%
	ARMK	B	0.02%
	BRKL	C	0.02%
	OTTR	F	0.02%
	WMS	D	0.02%
	BC	C	0.02%
	PINC	D	0.02%
	MRTN	D	0.02%
	NBHC	D	0.02%
	UBSI	D	0.02%
	MWA	B	0.02%
	CWEN	A	0.02%
	IDA	B	0.02%
	BRC	B	0.02%
	IPAR	D	0.02%
	GNTX	D	0.02%
	VIRT	C	0.02%
	CMC	D	0.02%
	WWD	C	0.02%
	NYT	B	0.02%
	OSK	F	0.02%
	VRTS	F	0.02%
	TKO	A	0.02%
	BWA	C	0.02%
	MGY	D	0.02%
	KNTK	C	0.02%
	TRMK	D	0.02%
	LPLA	D	0.02%
	CRC	C	0.02%
	FCF	D	0.02%
	ADTN	C	0.02%
	XRAY	D	0.02%
	NEU	D	0.02%
	FFBC	D	0.02%
	BNL	B	0.02%
	KMT	B	0.02%
	CVBF	D	0.02%
	PEBO	D	0.02%
	NDSN	C	0.02%
	RHP	C	0.02%
	HNI	C	0.02%
	OCFC	B	0.02%
	EXP	B	0.02%
	STC	C	0.02%
	HUN	C	0.02%
	NSA	C	0.02%
	LPX	B	0.02%
	SBRA	C	0.02%
	PRGS	A	0.02%
	BBWI	D	0.02%
	FULT	D	0.02%
	FCPT	C	0.02%
	CBU	D	0.02%
	AMH	D	0.02%
	CVI	F	0.02%
	SLM	C	0.02%
	IBOC	D	0.02%
	EPR	C	0.02%
	ESI	C	0.02%
	CADE	C	0.02%
	CBSH	D	0.02%
	LANC	F	0.02%
	GBCI	C	0.02%
	CRI	D	0.02%
	LSTR	D	0.02%
	TW	B	0.02%
	THO	C	0.02%
	RGLD	C	0.02%
	TPG	C	0.02%
	VOYA	B	0.02%
	ONB	D	0.02%
	LCII	C	0.02%
	SSB	C	0.02%
	WH	B	0.02%
	AWI	B	0.02%
	TNL	C	0.02%
	TTC	F	0.02%
	JKHY	B	0.02%
	GTY	C	0.02%
	TRST	D	0.02%
	TRN	C	0.02%
	RUSHA	C	0.02%
	FDS	C	0.02%
	QCRH	D	0.02%
	CCS	C	0.02%
	SWX	C	0.02%
	KTB	B	0.02%
	MUR	F	0.02%
	AVNT	B	0.02%
	UFPI	C	0.02%
	NOG	F	0.02%
	GEF	C	0.02%
	BUSE	D	0.02%
	IEX	C	0.02%
	TMP	D	0.02%
	STAG	D	0.02%
	BWXT	A	0.02%
	FBMS	C	0.02%
	SASR	C	0.02%
	ATR	B	0.02%
	STBA	D	0.02%
	GGG	C	0.02%
	NJR	C	0.02%
	MDU	B	0.02%
	CATY	C	0.02%
	CNO	C	0.02%
	SAIC	C	0.02%
	CHCO	D	0.01%
	UWMC	D	0.01%
	CABO	F	0.01%
	IIPR	B	0.01%
	BGS	D	0.01%
	HI	F	0.01%
	WMG	D	0.01%
	IRDM	C	0.01%
	PRDO	D	0.01%
	DK	F	0.01%
	BMI	B	0.01%
	DLB	D	0.01%
	DAN	D	0.01%
	GBX	D	0.01%
	LZB	C	0.01%
	TEX	F	0.01%
	AESI	D	0.01%
	COKE	C	0.01%
	MUSA	D	0.01%
	WINA	C	0.01%
	DLX	F	0.01%
	SCL	D	0.01%
	LXP	C	0.01%
	KNSL	D	0.01%
	PBI	C	0.01%
	IBP	C	0.01%
	SCS	D	0.01%
	ENS	C	0.01%
	PCH	C	0.01%
	VSH	F	0.01%
	DIN	D	0.01%
	GES	F	0.01%
	AGM	D	0.01%
	POWL	B	0.01%
	HEES	D	0.01%
	WOR	F	0.01%
	HXL	F	0.01%
	MLKN	F	0.01%
	OXM	F	0.01%
	MCRI	B	0.01%
	CHH	B	0.01%
	AAON	B	0.01%
	BTU	C	0.01%
	WWW	A	0.01%
	ORA	B	0.01%
	COLD	D	0.01%
	KALU	D	0.01%
	ENR	D	0.01%
	WCC	C	0.01%
	CHE	C	0.01%
	SFBS	C	0.01%
	CWEN	A	0.01%
	GL	D	0.01%
	SLGN	B	0.01%
	GRNT	F	0.01%
	CNXC	F	0.01%
	CRGY	D	0.01%
	BRKR	D	0.01%
	RLI	B	0.01%
	HMN	C	0.01%
	COLM	C	0.01%
	KRO	C	0.01%
	AMSF	C	0.01%
	MTDR	F	0.01%
	LEVI	C	0.01%
	BOH	D	0.01%
	FIX	B	0.01%
	ASH	F	0.01%
	HP	F	0.01%
	JJSF	B	0.01%
	SSBK	D	0.01%
	LBRT	F	0.01%
	BLMN	F	0.01%
	UCBI	B	0.01%
	X	F	0.01%
	SAFT	D	0.01%
	JBT	C	0.01%
	BHE	C	0.01%
	EME	B	0.01%
	PAYC	D	0.01%
	MORN	C	0.01%
	MKTX	D	0.01%
	VMI	C	0.01%
	SIGI	D	0.01%
	CACC	F	0.01%
	CHDN	D	0.01%
	WERN	C	0.01%
	PTVE	D	0.01%
	RRR	D	0.01%
	CC	D	0.01%
	UVV	D	0.01%
	CFFN	D	0.01%
	OLED	D	0.01%
	NAVI	D	0.01%
	AZZ	C	0.01%
	KRC	C	0.01%
	PNFP	C	0.01%
	KBR	D	0.01%
	PFBC	D	0.01%
	EGP	C	0.01%
	EDR	A	0.01%
	FG	C	0.01%
	EGBN	D	0.01%
	WTFC	C	0.01%
	ABM	D	0.01%
	HOG	C	0.01%
	SRCE	D	0.01%
	WDFC	C	0.01%
	WMK	D	0.01%
	AMKR	F	0.01%
	RGP	F	0.01%
	DNB	D	0.01%
	PDCO	F	0.01%
	TDS	B	0.01%
	PZZA	D	0.01%
	MSBI	D	0.01%
	PBF	F	0.01%
	GOLF	F	0.01%
	SM	F	0.01%
	SNDR	B	0.01%
	XRX	D	0.01%
	EBC	C	0.01%
	CPK	B	0.01%
	GATX	D	0.01%
	VAC	D	0.01%
	CHX	F	0.01%
	KWR	D	0.01%
	UTZ	C	0.01%
	KLG	D	0.01%
	SEB	D	0.01%
	STRA	F	0.01%
	KSS	D	0.01%
	KMPR	D	0.01%
	LEG	D	0.01%
	MMS	B	0.01%
	SKT	B	0.01%
	CRS	C	0.01%
	ADC	C	0.01%
	FFIN	C	0.01%
	MGEE	C	0.01%
	PHIN	C	0.01%
	TECH	C	0.01%
	ZWS	B	0.01%
	PRK	D	0.01%
	EPC	F	0.01%
	MSA	D	0.01%
	BKU	D	0.01%
	SLG	C	0.01%
	HTLF	C	0.01%
	MKSI	F	0.01%
	WGO	D	0.01%
	UMBF	C	0.01%
	IBKR	B	0.01%
	OLN	D	0.01%
	STEP	B	0.01%
	RRC	D	0.01%
	THG	C	0.01%
	MAN	C	0.01%
	FRME	D	0.01%
	EXPO	B	0.01%
	BSY	C	0.01%
	SYBT	C	0.01%
	SXT	B	0.01%
	PR	F	0.01%
	LFUS	C	0.01%
	UTL	C	0.01%
	MAC	B	0.0%
	POWI	F	0.0%
	KW	C	0.0%
	RELL	C	0.0%
	GTN	D	0.0%
	NFE	F	0.0%
	NUS	F	0.0%
	CWH	C	0.0%

DTD Underweight 123 Positions Relative to ILCV

	Symbol	Grade	Weight
	BRK.A	C	-3.16%
	LIN	B	-0.72%
	VZ	A	-0.72%
	ACN	C	-0.7%
	NEE	B	-0.65%
	PFE	D	-0.64%
	T	B	-0.59%
	REGN	D	-0.47%
	MDT	B	-0.44%
	CB	B	-0.42%
	INTC	D	-0.36%
	BA	F	-0.36%
	FI	B	-0.31%
	PYPL	B	-0.3%
	MMM	B	-0.29%
	CRH	B	-0.25%
	FCX	C	-0.25%
	BSX	B	-0.25%
	VRTX	D	-0.25%
	NXPI	D	-0.23%
	TFC	D	-0.22%
	ETN	C	-0.22%
	AON	B	-0.21%
	SLB	F	-0.2%
	ORLY	B	-0.19%
	TT	B	-0.16%
	F	F	-0.16%
	KMI	C	-0.16%
	CNC	D	-0.15%
	FERG	D	-0.15%
	GEV	B	-0.13%
	CHTR	D	-0.13%
	NEM	C	-0.11%
	ACGL	B	-0.11%
	NVR	B	-0.11%
	BIIB	F	-0.11%
	DVN	F	-0.1%
	IFF	A	-0.1%
	CTVA	B	-0.09%
	LYB	D	-0.09%
	BAX	C	-0.08%
	JCI	B	-0.08%
	STX	B	-0.08%
	TEL	D	-0.08%
	WDC	C	-0.08%
	EG	B	-0.07%
	UAL	B	-0.07%
	COR	F	-0.07%
	WBD	D	-0.07%
	LH	D	-0.07%
	DG	F	-0.07%
	CFG	D	-0.07%
	HOLX	D	-0.07%
	CCL	C	-0.07%
	ON	D	-0.07%
	CBRE	B	-0.06%
	KEYS	B	-0.06%
	WTW	B	-0.06%
	AMCR	B	-0.06%
	DOC	B	-0.06%
	THC	C	-0.06%
	IQV	D	-0.06%
	KEY	C	-0.06%
	ZM	C	-0.06%
	RCL	B	-0.05%
	BLDR	C	-0.05%
	MRNA	F	-0.05%
	BXP	C	-0.05%
	UTHR	B	-0.05%
	AES	C	-0.05%
	RNR	B	-0.05%
	BG	F	-0.05%
	FLEX	B	-0.04%
	GRMN	D	-0.04%
	FOXA	B	-0.04%
	TDY	B	-0.04%
	SOLV	D	-0.04%
	ULTA	D	-0.04%
	MSTR	C	-0.04%
	CNH	C	-0.04%
	CPNG	B	-0.04%
	CTRA	F	-0.04%
	RPRX	C	-0.04%
	ALGN	D	-0.03%
	USFD	C	-0.03%
	TFX	B	-0.03%
	GEN	A	-0.03%
	WAT	B	-0.03%
	AVTR	C	-0.03%
	FFIV	B	-0.03%
	MKL	C	-0.03%
	PINS	D	-0.03%
	AR	C	-0.03%
	DLTR	F	-0.03%
	AKAM	D	-0.03%
	DKNG	C	-0.03%
	APTV	D	-0.03%
	RVTY	B	-0.03%
	MOH	D	-0.03%
	EXPE	C	-0.03%
	QRVO	F	-0.02%
	UHAL	B	-0.02%
	DVA	B	-0.02%
	PNR	B	-0.02%
	XPO	D	-0.02%
	ZBRA	B	-0.02%
	TRMB	C	-0.02%
	INCY	C	-0.02%
	MGM	D	-0.02%
	ALLE	B	-0.02%
	EPAM	F	-0.02%
	BLD	C	-0.02%
	CPAY	B	-0.02%
	BJ	D	-0.02%
	KMX	D	-0.02%
	SIRI	C	-0.02%
	COO	C	-0.02%
	WBA	F	-0.02%
	ENTG	D	-0.02%
	AGR	C	-0.01%
	CRL	F	-0.01%
	UHAL	B	-0.0%
	COTY	D	-0.0%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Commercial Bank Insurance Products Plastic

ILCV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Oil & Gas E&P Asset Management Semiconductors Specialty Chemicals Banks - Regional - US Insurance - Property & Casualty Specialty Retail Business Services Diagnostics & Research Drug Manufacturers - Major Packaged Foods Aerospace & Defense Health Care Plans REIT - Residential Utilities - Diversified Biotechnology Capital Markets Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Electricity Dow Jones Component Electronics Computing Real Estate Investment Trust Aerospace Chemical Bank Insurance Products Banking Medicine Semiconductor Petroleum Industry Telecommunications Beverage Disability