ILCB vs. MFUS ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. 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 similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	MFUS
30 Days	3.62%	2.73%
60 Days	4.81%	3.41%
90 Days	6.51%	5.38%
12 Months	32.50%	32.49%

437 Overlapping Holdings

	Symbol	Grade	Weight in ILCB	Weight in MFUS	Overlap
	A	D	0.07%	0.05%	0.05%
	AAPL	C	6.21%	0.96%	0.96%
	ABBV	D	0.56%	1.36%	0.56%
	ACI	C	0.01%	0.01%	0.01%
	ACM	B	0.03%	0.03%	0.03%
	ACN	C	0.43%	0.25%	0.25%
	ADBE	C	0.43%	0.04%	0.04%
	ADM	D	0.05%	0.22%	0.05%
	ADP	B	0.23%	0.11%	0.11%
	ADSK	A	0.12%	0.09%	0.09%
	AEP	D	0.1%	0.08%	0.08%
	AES	F	0.02%	0.01%	0.01%
	AFL	B	0.11%	0.21%	0.11%
	AIG	B	0.09%	0.34%	0.09%
	AJG	B	0.12%	0.16%	0.12%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	F	0.03%	0.01%	0.01%
	ALL	A	0.1%	0.26%	0.1%
	ALLY	C	0.02%	0.05%	0.02%
	ALNY	D	0.06%	0.06%	0.06%
	AMAT	F	0.27%	0.55%	0.27%
	AMGN	D	0.29%	0.94%	0.29%
	AMH	D	0.02%	0.04%	0.02%
	AMP	A	0.11%	0.18%	0.11%
	AMT	D	0.18%	0.13%	0.13%
	AMZN	C	3.7%	1.71%	1.71%
	ANET	C	0.19%	0.14%	0.14%
	ANSS	B	0.06%	0.05%	0.05%
	AON	A	0.16%	0.24%	0.16%
	AOS	F	0.02%	0.08%	0.02%
	APH	A	0.16%	0.12%	0.12%
	APP	B	0.12%	0.11%	0.11%
	AR	B	0.02%	0.05%	0.02%
	ARES	A	0.06%	0.09%	0.06%
	ATO	A	0.04%	0.02%	0.02%
	AVB	B	0.06%	0.03%	0.03%
	AVGO	D	1.45%	1.59%	1.45%
	AVTR	F	0.03%	0.03%	0.03%
	AVY	D	0.03%	0.09%	0.03%
	AXP	A	0.31%	0.23%	0.23%
	AZO	C	0.1%	0.28%	0.1%
	BAC	A	0.61%	0.45%	0.45%
	BAH	F	0.04%	0.15%	0.04%
	BALL	D	0.04%	0.07%	0.04%
	BAX	D	0.03%	0.04%	0.03%
	BBY	D	0.03%	0.21%	0.03%
	BDX	F	0.13%	0.11%	0.11%
	BEN	C	0.01%	0.02%	0.01%
	BIIB	F	0.04%	0.07%	0.04%
	BJ	A	0.02%	0.03%	0.02%
	BK	A	0.11%	0.18%	0.11%
	BKNG	A	0.32%	0.42%	0.32%
	BKR	B	0.08%	0.08%	0.08%
	BLD	D	0.02%	0.03%	0.02%
	BLDR	D	0.04%	0.04%	0.04%
	BLK	C	0.3%	0.19%	0.19%
	BMRN	D	0.02%	0.01%	0.01%
	BMY	B	0.22%	0.41%	0.22%
	BR	A	0.05%	0.17%	0.05%
	BRK.A	B	1.63%	2.42%	1.63%
	BRKR	D	0.01%	0.02%	0.01%
	BRO	B	0.05%	0.12%	0.05%
	BSX	B	0.25%	0.2%	0.2%
	BURL	A	0.03%	0.03%	0.03%
	BX	A	0.25%	0.13%	0.13%
	BXP	D	0.02%	0.02%	0.02%
	C	A	0.25%	0.69%	0.25%
	CAG	D	0.02%	0.04%	0.02%
	CAH	B	0.06%	0.27%	0.06%
	CARR	D	0.12%	0.05%	0.05%
	CASY	A	0.03%	0.16%	0.03%
	CAT	B	0.36%	0.2%	0.2%
	CB	C	0.21%	0.16%	0.16%
	CBRE	B	0.08%	0.05%	0.05%
	CCI	D	0.09%	0.07%	0.07%
	CCK	C	0.02%	0.06%	0.02%
	CCL	B	0.05%	0.02%	0.02%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.14%	0.11%	0.11%
	CFG	B	0.04%	0.04%	0.04%
	CG	A	0.02%	0.03%	0.02%
	CHD	B	0.05%	0.07%	0.05%
	CHTR	C	0.07%	0.3%	0.07%
	CI	F	0.17%	0.13%	0.13%
	CINF	A	0.05%	0.02%	0.02%
	CL	D	0.15%	0.35%	0.15%
	CLH	B	0.02%	0.04%	0.02%
	CLX	B	0.04%	0.12%	0.04%
	CMCSA	B	0.32%	0.16%	0.16%
	CME	A	0.16%	0.14%	0.14%
	CMG	B	0.15%	0.2%	0.15%
	CMI	A	0.1%	0.14%	0.1%
	CMS	C	0.04%	0.03%	0.03%
	CNC	D	0.06%	0.04%	0.04%
	CNM	D	0.01%	0.01%	0.01%
	COF	B	0.14%	0.29%	0.14%
	COIN	C	0.12%	0.1%	0.1%
	COP	C	0.25%	0.07%	0.07%
	COR	B	0.08%	0.17%	0.08%
	COST	B	0.78%	1.35%	0.78%
	CPAY	A	0.05%	0.03%	0.03%
	CPB	D	0.02%	0.04%	0.02%
	CPNG	D	0.06%	0.04%	0.04%
	CPRT	A	0.1%	0.09%	0.09%
	CPT	B	0.02%	0.06%	0.02%
	CSCO	B	0.45%	0.68%	0.45%
	CSL	C	0.04%	0.02%	0.02%
	CSX	B	0.13%	0.11%	0.11%
	CTAS	B	0.14%	0.19%	0.14%
	CTVA	C	0.07%	0.04%	0.04%
	CVS	D	0.13%	0.65%	0.13%
	CVX	A	0.53%	0.39%	0.39%
	D	C	0.09%	0.07%	0.07%
	DASH	A	0.1%	0.11%	0.1%
	DD	D	0.07%	0.1%	0.07%
	DECK	A	0.05%	0.17%	0.05%
	DELL	C	0.07%	0.03%	0.03%
	DFS	B	0.09%	0.1%	0.09%
	DG	F	0.03%	0.09%	0.03%
	DGX	A	0.03%	0.09%	0.03%
	DHI	D	0.09%	0.06%	0.06%
	DHR	F	0.29%	0.24%	0.24%
	DINO	D	0.01%	0.01%	0.01%
	DKS	C	0.02%	0.08%	0.02%
	DLR	B	0.11%	0.09%	0.09%
	DLTR	F	0.03%	0.03%	0.03%
	DOV	A	0.05%	0.04%	0.04%
	DOW	F	0.06%	0.02%	0.02%
	DPZ	C	0.03%	0.13%	0.03%
	DRI	B	0.04%	0.03%	0.03%
	DTE	C	0.05%	0.02%	0.02%
	DUK	C	0.17%	0.13%	0.13%
	DVA	B	0.02%	0.16%	0.02%
	EA	A	0.08%	0.18%	0.08%
	EBAY	D	0.06%	0.36%	0.06%
	ECL	D	0.12%	0.08%	0.08%
	ED	D	0.06%	0.05%	0.05%
	EFX	F	0.06%	0.11%	0.06%
	EIX	B	0.06%	0.05%	0.05%
	ELS	C	0.02%	0.04%	0.02%
	ELV	F	0.18%	0.16%	0.16%
	EME	C	0.05%	0.04%	0.04%
	EMN	D	0.02%	0.04%	0.02%
	EMR	A	0.14%	0.09%	0.09%
	EQH	B	0.02%	0.08%	0.02%
	EQR	B	0.05%	0.04%	0.04%
	ERIE	D	0.02%	0.04%	0.02%
	ES	D	0.04%	0.03%	0.03%
	ESS	B	0.04%	0.04%	0.04%
	ETR	B	0.06%	0.05%	0.05%
	EVRG	A	0.03%	0.02%	0.02%
	EXC	C	0.08%	0.07%	0.07%
	EXPD	D	0.03%	0.11%	0.03%
	EXR	D	0.07%	0.11%	0.07%
	F	C	0.08%	0.16%	0.08%
	FANG	D	0.06%	0.05%	0.05%
	FAST	B	0.09%	0.13%	0.09%
	FCNCA	A	0.05%	0.06%	0.05%
	FDS	B	0.04%	0.04%	0.04%
	FE	C	0.04%	0.03%	0.03%
	FFIV	B	0.03%	0.06%	0.03%
	FI	A	0.23%	0.19%	0.19%
	FICO	B	0.11%	0.25%	0.11%
	FIS	C	0.09%	0.07%	0.07%
	FITB	A	0.06%	0.04%	0.04%
	FIX	A	0.03%	0.06%	0.03%
	FLEX	A	0.03%	0.05%	0.03%
	FNF	B	0.03%	0.03%	0.03%
	FOXA	B	0.02%	0.11%	0.02%
	FTNT	C	0.12%	0.07%	0.07%
	GD	F	0.14%	0.24%	0.14%
	GDDY	A	0.05%	0.12%	0.05%
	GE	D	0.37%	0.56%	0.37%
	GEHC	F	0.06%	0.07%	0.06%
	GEN	B	0.03%	0.11%	0.03%
	GGG	B	0.03%	0.03%	0.03%
	GILD	C	0.21%	0.87%	0.21%
	GIS	D	0.07%	0.17%	0.07%
	GLPI	C	0.02%	0.07%	0.02%
	GLW	B	0.07%	0.2%	0.07%
	GM	B	0.12%	0.4%	0.12%
	GS	A	0.37%	0.41%	0.37%
	GWW	B	0.1%	0.21%	0.1%
	HBAN	A	0.05%	0.03%	0.03%
	HCA	F	0.12%	0.25%	0.12%
	HD	A	0.78%	0.62%	0.62%
	HEI	B	0.02%	0.04%	0.02%
	HEI	B	0.03%	0.04%	0.03%
	HIG	B	0.07%	0.06%	0.06%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.12%	0.1%	0.1%
	HOLX	D	0.04%	0.03%	0.03%
	HOOD	B	0.03%	0.04%	0.03%
	HPE	B	0.05%	0.11%	0.05%
	HPQ	A	0.07%	0.28%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.04%	0.03%	0.03%
	HWM	A	0.09%	0.17%	0.09%
	IBKR	A	0.04%	0.06%	0.04%
	IBM	C	0.36%	1.05%	0.36%
	ICE	C	0.17%	0.29%	0.17%
	IDXX	F	0.07%	0.05%	0.05%
	IEX	B	0.03%	0.09%	0.03%
	IFF	D	0.04%	0.03%	0.03%
	INCY	C	0.02%	0.01%	0.01%
	INTC	D	0.2%	0.2%	0.2%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.09%	0.04%
	IPG	D	0.02%	0.04%	0.02%
	IR	B	0.08%	0.09%	0.08%
	IRM	D	0.06%	0.12%	0.06%
	ISRG	A	0.36%	0.29%	0.29%
	IT	C	0.08%	0.15%	0.08%
	ITW	B	0.15%	0.1%	0.1%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.07%	0.07%
	JKHY	D	0.02%	0.1%	0.02%
	JNJ	D	0.71%	1.18%	0.71%
	JNPR	F	0.02%	0.13%	0.02%
	JPM	A	1.34%	0.99%	0.99%
	K	A	0.04%	0.15%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.03%	0.03%	0.03%
	KHC	F	0.05%	0.15%	0.05%
	KIM	A	0.03%	0.02%	0.02%
	KKR	A	0.19%	0.15%	0.15%
	KLAC	D	0.16%	0.23%	0.16%
	KMB	D	0.09%	0.16%	0.09%
	KMI	A	0.1%	0.11%	0.1%
	KO	D	0.46%	1.0%	0.46%
	KR	B	0.08%	0.38%	0.08%
	L	A	0.03%	0.06%	0.03%
	LDOS	C	0.04%	0.11%	0.04%
	LECO	B	0.02%	0.06%	0.02%
	LEN	D	0.08%	0.06%	0.06%
	LEN	D	0.0%	0.06%	0.0%
	LHX	C	0.09%	0.26%	0.09%
	LII	A	0.04%	0.21%	0.04%
	LLY	F	1.22%	2.39%	1.22%
	LMT	D	0.22%	0.75%	0.22%
	LNT	A	0.03%	0.02%	0.02%
	LOW	D	0.3%	0.35%	0.3%
	LPLA	A	0.05%	0.07%	0.05%
	LRCX	F	0.18%	0.17%	0.17%
	LW	C	0.02%	0.03%	0.02%
	LYB	F	0.04%	0.15%	0.04%
	MA	C	0.82%	0.28%	0.28%
	MAA	B	0.04%	0.02%	0.02%
	MANH	D	0.03%	0.03%	0.03%
	MAR	B	0.12%	0.04%	0.04%
	MAS	D	0.03%	0.06%	0.03%
	MCD	D	0.41%	0.53%	0.41%
	MCK	B	0.15%	0.63%	0.15%
	MCO	B	0.14%	0.15%	0.14%
	MDLZ	F	0.17%	0.23%	0.17%
	MET	A	0.1%	0.32%	0.1%
	META	D	2.34%	2.35%	2.34%
	MKC	D	0.04%	0.05%	0.04%
	MLM	B	0.07%	0.07%	0.07%
	MMC	B	0.21%	0.2%	0.2%
	MMM	D	0.14%	0.6%	0.14%
	MNST	C	0.07%	0.07%	0.07%
	MO	A	0.18%	0.73%	0.18%
	MORN	B	0.02%	0.03%	0.02%
	MOS	F	0.02%	0.01%	0.01%
	MPC	D	0.1%	0.34%	0.1%
	MPWR	F	0.05%	0.06%	0.05%
	MRK	F	0.47%	0.84%	0.47%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.32%	0.22%	0.22%
	MSCI	C	0.09%	0.07%	0.07%
	MSI	B	0.16%	0.2%	0.16%
	MTB	A	0.07%	0.04%	0.04%
	MTD	D	0.05%	0.08%	0.05%
	MU	D	0.21%	0.16%	0.16%
	NBIX	C	0.02%	0.04%	0.02%
	NDAQ	A	0.06%	0.05%	0.05%
	NDSN	B	0.03%	0.04%	0.03%
	NEE	D	0.3%	0.22%	0.22%
	NEM	D	0.09%	0.16%	0.09%
	NFLX	A	0.68%	0.52%	0.52%
	NI	A	0.03%	0.02%	0.02%
	NKE	D	0.17%	0.06%	0.06%
	NOC	D	0.14%	0.35%	0.14%
	NOW	A	0.4%	0.36%	0.36%
	NRG	B	0.04%	0.07%	0.04%
	NSC	B	0.11%	0.07%	0.07%
	NTAP	C	0.05%	0.1%	0.05%
	NTRS	A	0.04%	0.03%	0.03%
	NUE	C	0.07%	0.08%	0.07%
	NVDA	C	6.48%	1.9%	1.9%
	NVR	D	0.05%	0.09%	0.05%
	NWSA	B	0.02%	0.04%	0.02%
	O	D	0.09%	0.05%	0.05%
	OC	A	0.03%	0.02%	0.02%
	ODFL	B	0.08%	0.02%	0.02%
	OKE	A	0.12%	0.1%	0.1%
	OMC	C	0.04%	0.06%	0.04%
	ORCL	B	0.57%	1.52%	0.57%
	ORLY	B	0.14%	0.2%	0.14%
	OTIS	C	0.08%	0.07%	0.07%
	PAG	B	0.01%	0.02%	0.01%
	PANW	C	0.24%	0.25%	0.24%
	PAYX	C	0.09%	0.04%	0.04%
	PEG	A	0.09%	0.06%	0.06%
	PEP	F	0.42%	0.74%	0.42%
	PFE	D	0.27%	0.57%	0.27%
	PFG	D	0.04%	0.01%	0.01%
	PG	A	0.77%	1.01%	0.77%
	PGR	A	0.29%	0.59%	0.29%
	PH	A	0.17%	0.14%	0.14%
	PHM	D	0.05%	0.1%	0.05%
	PKG	A	0.04%	0.1%	0.04%
	PLTR	B	0.25%	0.23%	0.23%
	PM	B	0.38%	0.87%	0.38%
	PNC	B	0.16%	0.12%	0.12%
	PNR	A	0.03%	0.02%	0.02%
	POOL	C	0.03%	0.07%	0.03%
	PPG	F	0.06%	0.04%	0.04%
	PPL	B	0.05%	0.04%	0.04%
	PRU	A	0.09%	0.23%	0.09%
	PSA	D	0.1%	0.09%	0.09%
	PSTG	D	0.03%	0.04%	0.03%
	PSX	C	0.11%	0.23%	0.11%
	PTC	A	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.12%	0.09%
	PYPL	B	0.17%	0.12%	0.12%
	QCOM	F	0.34%	0.77%	0.34%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.1%	0.1%	0.1%
	REGN	F	0.15%	0.36%	0.15%
	RF	A	0.05%	0.02%	0.02%
	RGA	A	0.03%	0.06%	0.03%
	RMD	C	0.07%	0.16%	0.07%
	ROL	B	0.03%	0.07%	0.03%
	ROP	B	0.11%	0.06%	0.06%
	RPM	A	0.03%	0.13%	0.03%
	RPRX	D	0.02%	0.03%	0.02%
	RS	B	0.03%	0.04%	0.03%
	RSG	A	0.08%	0.13%	0.08%
	RTX	C	0.3%	0.22%	0.22%
	RVTY	F	0.03%	0.01%	0.01%
	SBAC	D	0.05%	0.03%	0.03%
	SBUX	A	0.22%	0.09%	0.09%
	SCHW	B	0.22%	0.05%	0.05%
	SCI	B	0.02%	0.07%	0.02%
	SHW	A	0.17%	0.22%	0.17%
	SJM	D	0.02%	0.04%	0.02%
	SLB	C	0.12%	0.01%	0.01%
	SMCI	F	0.02%	0.05%	0.02%
	SO	D	0.18%	0.13%	0.13%
	SPG	B	0.11%	0.16%	0.11%
	SPGI	C	0.3%	0.29%	0.29%
	SQ	A	0.09%	0.06%	0.06%
	SRE	A	0.11%	0.08%	0.08%
	SSNC	B	0.03%	0.02%	0.02%
	STE	F	0.04%	0.07%	0.04%
	STLD	B	0.04%	0.04%	0.04%
	STZ	D	0.07%	0.06%	0.06%
	SUI	D	0.03%	0.05%	0.03%
	SYF	B	0.05%	0.31%	0.05%
	SYY	B	0.07%	0.12%	0.07%
	T	A	0.31%	0.73%	0.31%
	TAP	C	0.02%	0.09%	0.02%
	TDG	D	0.13%	0.15%	0.13%
	TER	D	0.03%	0.03%	0.03%
	TFC	A	0.12%	0.09%	0.09%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.14%	0.74%	0.14%
	THC	D	0.03%	0.28%	0.03%
	TJX	A	0.26%	0.37%	0.26%
	TMO	F	0.38%	0.28%	0.28%
	TMUS	B	0.22%	0.43%	0.22%
	TOL	B	0.03%	0.06%	0.03%
	TRGP	B	0.08%	0.11%	0.08%
	TROW	B	0.05%	0.09%	0.05%
	TRV	B	0.11%	0.2%	0.11%
	TSCO	D	0.06%	0.11%	0.06%
	TSN	B	0.03%	0.18%	0.03%
	TTEK	F	0.02%	0.01%	0.01%
	TTWO	A	0.06%	0.07%	0.06%
	TW	A	0.03%	0.06%	0.03%
	TXN	C	0.35%	0.29%	0.29%
	TYL	C	0.05%	0.08%	0.05%
	UAL	A	0.06%	0.02%	0.02%
	UBER	D	0.28%	0.21%	0.21%
	UDR	B	0.03%	0.03%	0.03%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.02%	0.06%	0.02%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.05%	0.79%	0.79%
	UNM	A	0.02%	0.04%	0.02%
	UNP	C	0.28%	0.51%	0.28%
	UPS	C	0.19%	0.24%	0.19%
	URI	B	0.11%	0.09%	0.09%
	USB	A	0.15%	0.11%	0.11%
	USFD	A	0.03%	0.05%	0.03%
	UTHR	C	0.03%	0.19%	0.03%
	V	A	1.0%	0.31%	0.31%
	VLO	C	0.09%	0.16%	0.09%
	VLTO	D	0.05%	0.04%	0.04%
	VRSK	A	0.08%	0.16%	0.08%
	VRSN	F	0.03%	0.04%	0.03%
	VRTX	F	0.23%	0.22%	0.22%
	VST	B	0.09%	0.23%	0.09%
	VTR	C	0.05%	0.04%	0.04%
	VTRS	A	0.03%	0.14%	0.03%
	VZ	C	0.34%	1.0%	0.34%
	WAB	B	0.07%	0.05%	0.05%
	WAT	B	0.04%	0.05%	0.04%
	WBA	F	0.01%	0.12%	0.01%
	WDC	D	0.04%	0.08%	0.04%
	WELL	A	0.16%	0.12%	0.12%
	WFC	A	0.49%	0.97%	0.49%
	WM	A	0.15%	0.28%	0.15%
	WMB	A	0.13%	0.1%	0.1%
	WMS	D	0.02%	0.02%	0.02%
	WMT	A	0.7%	1.71%	0.7%
	WPC	D	0.02%	0.03%	0.02%
	WRB	A	0.04%	0.02%	0.02%
	WSM	B	0.03%	0.18%	0.03%
	WSO	A	0.04%	0.17%	0.04%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.06%	0.11%	0.06%
	XOM	B	1.02%	0.43%	0.43%
	XPO	B	0.03%	0.04%	0.03%
	XYL	D	0.06%	0.1%	0.06%
	YUM	B	0.07%	0.13%	0.07%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.05%	0.05%

ILCB Overweight 179 Positions Relative to MFUS

	Symbol	Grade	Weight
	MSFT	F	5.94%
	GOOGL	C	1.95%
	GOOG	C	1.74%
	TSLA	B	1.72%
	CRM	B	0.58%
	AMD	F	0.42%
	LIN	D	0.41%
	DIS	B	0.4%
	ABT	B	0.39%
	INTU	C	0.37%
	HON	B	0.29%
	ETN	A	0.28%
	SYK	C	0.27%
	MDT	D	0.22%
	ADI	D	0.2%
	BA	F	0.2%
	PLD	D	0.2%
	DE	A	0.19%
	MELI	D	0.18%
	TT	A	0.18%
	GEV	B	0.17%
	EQIX	A	0.16%
	MRVL	B	0.15%
	EOG	A	0.15%
	CRWD	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	APD	A	0.14%
	APO	B	0.13%
	FDX	B	0.13%
	CRH	A	0.13%
	MSTR	C	0.12%
	FCX	D	0.12%
	WDAY	B	0.11%
	NXPI	D	0.11%
	ABNB	C	0.11%
	PCAR	B	0.11%
	TTD	B	0.1%
	AME	A	0.09%
	PCG	A	0.09%
	TEL	B	0.09%
	ROST	C	0.09%
	LNG	B	0.09%
	HES	B	0.08%
	FERG	B	0.08%
	EW	C	0.08%
	SNOW	C	0.08%
	DAL	C	0.08%
	KVUE	A	0.08%
	AXON	A	0.08%
	VRT	B	0.08%
	HUBS	A	0.07%
	IQV	D	0.07%
	LULU	C	0.07%
	VMC	B	0.07%
	DDOG	A	0.07%
	TEAM	A	0.07%
	XEL	A	0.07%
	ACGL	D	0.07%
	CTSH	B	0.07%
	STT	A	0.06%
	CSGP	D	0.06%
	GPN	B	0.06%
	DXCM	D	0.06%
	RJF	A	0.06%
	WEC	A	0.06%
	OXY	D	0.06%
	VEEV	C	0.06%
	GRMN	B	0.06%
	VICI	C	0.06%
	HUM	C	0.06%
	ROK	B	0.06%
	MCHP	F	0.06%
	EQT	B	0.05%
	DVN	F	0.05%
	AEE	A	0.05%
	SW	A	0.05%
	KEYS	A	0.05%
	HAL	C	0.05%
	FTV	C	0.05%
	AWK	D	0.05%
	RBLX	C	0.05%
	TPL	A	0.05%
	NET	B	0.05%
	ON	D	0.05%
	ZS	C	0.04%
	TRU	D	0.04%
	SNA	A	0.04%
	EXE	B	0.04%
	CTRA	B	0.04%
	DKNG	B	0.04%
	LYV	A	0.04%
	FSLR	F	0.04%
	LVS	C	0.04%
	COO	D	0.04%
	STX	D	0.04%
	LUV	C	0.04%
	ZM	B	0.04%
	CNP	B	0.04%
	MDB	C	0.04%
	LH	C	0.04%
	WBD	C	0.04%
	ILMN	D	0.04%
	MKL	A	0.04%
	TDY	B	0.04%
	WY	D	0.04%
	EXPE	B	0.04%
	ZBH	C	0.04%
	EPAM	C	0.03%
	SWK	D	0.03%
	RNR	C	0.03%
	SWKS	F	0.03%
	SAIA	B	0.03%
	DT	C	0.03%
	AMCR	D	0.03%
	ENTG	D	0.03%
	DOC	D	0.03%
	EL	F	0.03%
	EG	C	0.03%
	CF	B	0.03%
	DOCU	A	0.03%
	TXT	D	0.03%
	TWLO	A	0.03%
	ARE	D	0.03%
	PINS	D	0.03%
	NTNX	A	0.03%
	FWONK	B	0.03%
	GPC	D	0.03%
	MOH	F	0.03%
	TRMB	B	0.03%
	J	F	0.03%
	PODD	C	0.03%
	NTRA	B	0.03%
	MEDP	D	0.02%
	ENPH	F	0.02%
	APA	D	0.02%
	WYNN	D	0.02%
	MGM	D	0.02%
	EXAS	D	0.02%
	WING	D	0.02%
	SOLV	C	0.02%
	WTRG	B	0.02%
	SRPT	D	0.02%
	CRL	C	0.02%
	CNH	C	0.02%
	CHDN	B	0.02%
	LKQ	D	0.02%
	AFG	A	0.02%
	TECH	D	0.02%
	FND	C	0.02%
	PAYC	B	0.02%
	RRX	B	0.02%
	SNAP	C	0.02%
	DAY	B	0.02%
	OVV	B	0.02%
	NVT	B	0.02%
	OKTA	C	0.02%
	ALB	C	0.02%
	KMX	B	0.02%
	MRNA	F	0.02%
	ALLE	D	0.02%
	REG	B	0.02%
	BG	F	0.02%
	APTV	D	0.02%
	PFGC	B	0.02%
	COTY	F	0.01%
	NWS	A	0.01%
	CELH	F	0.01%
	WLK	D	0.01%
	U	C	0.01%
	SNX	C	0.01%
	FOX	A	0.01%
	PCOR	B	0.01%
	BSY	D	0.01%
	SIRI	C	0.01%
	AZPN	A	0.01%
	FWONA	B	0.0%
	ALAB	B	0.0%
	AGR	B	0.0%

ILCB Underweight 382 Positions Relative to MFUS

	Symbol	Grade	Weight
	SFM	A	-0.25%
	ANF	C	-0.25%
	MUSA	A	-0.16%
	CHRW	C	-0.14%
	EVR	B	-0.13%
	CW	B	-0.11%
	CRS	A	-0.11%
	ALSN	B	-0.11%
	BWXT	B	-0.11%
	AYI	B	-0.1%
	JXN	C	-0.1%
	SEIC	B	-0.09%
	AIZ	A	-0.09%
	MLI	C	-0.09%
	WCC	B	-0.09%
	CALM	A	-0.09%
	LSTR	D	-0.09%
	EHC	B	-0.09%
	CACI	D	-0.09%
	TMHC	B	-0.09%
	GPI	A	-0.09%
	HRB	D	-0.08%
	LPX	B	-0.08%
	SLG	B	-0.08%
	GPK	C	-0.08%
	ABG	B	-0.08%
	ATR	B	-0.08%
	HLI	B	-0.08%
	ITT	A	-0.08%
	UFPI	B	-0.07%
	EXP	A	-0.07%
	BCC	B	-0.07%
	INGR	B	-0.07%
	SKYW	B	-0.07%
	GEO	B	-0.07%
	CNX	A	-0.07%
	VNO	B	-0.07%
	THO	B	-0.07%
	R	B	-0.07%
	AEO	F	-0.07%
	HCC	B	-0.07%
	G	B	-0.06%
	VIRT	B	-0.06%
	BC	C	-0.06%
	GAP	B	-0.06%
	SEE	C	-0.06%
	ATGE	B	-0.06%
	TPH	D	-0.06%
	BFH	B	-0.06%
	JLL	D	-0.06%
	GNRC	B	-0.06%
	BERY	B	-0.06%
	KTB	B	-0.06%
	CHE	D	-0.06%
	SLM	A	-0.06%
	CMC	B	-0.06%
	MTH	D	-0.06%
	LUMN	C	-0.06%
	WU	D	-0.06%
	PK	B	-0.06%
	TXRH	C	-0.06%
	TTC	D	-0.06%
	AMG	B	-0.06%
	AN	C	-0.06%
	MSM	C	-0.06%
	TDS	B	-0.05%
	NFG	A	-0.05%
	CNO	A	-0.05%
	PRIM	A	-0.05%
	THG	A	-0.05%
	NSIT	F	-0.05%
	LOPE	B	-0.05%
	URBN	C	-0.05%
	MOG.A	B	-0.05%
	TGNA	B	-0.05%
	GNTX	C	-0.05%
	MTN	C	-0.05%
	EXEL	B	-0.05%
	CRI	D	-0.05%
	SLGN	A	-0.05%
	POST	C	-0.05%
	COOP	B	-0.05%
	TEX	D	-0.05%
	LAMR	D	-0.05%
	KD	B	-0.05%
	CBT	C	-0.05%
	GVA	A	-0.05%
	NXST	C	-0.05%
	HBI	B	-0.05%
	WEN	D	-0.05%
	FCN	D	-0.05%
	MMS	F	-0.05%
	BTU	B	-0.05%
	SON	D	-0.04%
	AVT	C	-0.04%
	OSK	B	-0.04%
	LANC	C	-0.04%
	TKR	D	-0.04%
	AWI	A	-0.04%
	SEM	B	-0.04%
	CRUS	D	-0.04%
	CXW	B	-0.04%
	SMG	D	-0.04%
	JWN	C	-0.04%
	AGNC	D	-0.04%
	BDC	B	-0.04%
	SLVM	B	-0.04%
	FLO	D	-0.04%
	WH	B	-0.04%
	FL	F	-0.04%
	OLN	D	-0.04%
	ARW	D	-0.04%
	RUSHA	C	-0.04%
	TRN	B	-0.04%
	SANM	B	-0.04%
	RGLD	C	-0.04%
	CVLT	B	-0.04%
	CUBE	D	-0.04%
	WTM	A	-0.04%
	OGN	D	-0.04%
	BHF	B	-0.04%
	ATI	D	-0.04%
	MAC	B	-0.04%
	GBX	A	-0.04%
	HUBG	A	-0.04%
	FTI	A	-0.04%
	SIG	B	-0.04%
	MHO	D	-0.04%
	GATX	A	-0.04%
	CRBG	B	-0.04%
	JHG	A	-0.04%
	CMA	A	-0.04%
	AROC	B	-0.04%
	ABM	B	-0.04%
	DCI	B	-0.04%
	WERN	C	-0.04%
	COKE	C	-0.03%
	RRC	B	-0.03%
	HXL	D	-0.03%
	GMED	A	-0.03%
	DRH	B	-0.03%
	PNM	F	-0.03%
	ACA	A	-0.03%
	KMPR	B	-0.03%
	LZB	B	-0.03%
	HAE	C	-0.03%
	UNF	B	-0.03%
	PINC	B	-0.03%
	APAM	B	-0.03%
	VC	D	-0.03%
	MAN	D	-0.03%
	DK	C	-0.03%
	JEF	A	-0.03%
	AMKR	D	-0.03%
	COLD	D	-0.03%
	LBRDK	C	-0.03%
	BKE	B	-0.03%
	FHI	A	-0.03%
	LNC	B	-0.03%
	OMF	A	-0.03%
	X	C	-0.03%
	PLXS	B	-0.03%
	WHR	B	-0.03%
	OI	C	-0.03%
	PRG	C	-0.03%
	APLE	B	-0.03%
	ASO	F	-0.03%
	SHOO	D	-0.03%
	AVA	A	-0.03%
	DBRG	F	-0.03%
	HSIC	B	-0.03%
	COHR	B	-0.03%
	RL	B	-0.03%
	GMS	B	-0.03%
	BKU	A	-0.03%
	CDP	C	-0.03%
	RLI	B	-0.03%
	DDS	B	-0.03%
	KBH	D	-0.03%
	GNW	A	-0.03%
	DOX	D	-0.03%
	SM	B	-0.03%
	IVZ	B	-0.03%
	MC	B	-0.03%
	MATX	C	-0.03%
	MASI	A	-0.03%
	TPX	B	-0.03%
	NYT	C	-0.03%
	ODP	F	-0.02%
	IOSP	B	-0.02%
	LXP	D	-0.02%
	SAH	A	-0.02%
	KEX	C	-0.02%
	LEG	F	-0.02%
	TTMI	B	-0.02%
	VSH	D	-0.02%
	LAUR	A	-0.02%
	AA	B	-0.02%
	SF	B	-0.02%
	BHE	B	-0.02%
	GT	C	-0.02%
	GME	C	-0.02%
	WBS	A	-0.02%
	PHIN	A	-0.02%
	WAL	B	-0.02%
	AXTA	A	-0.02%
	ANDE	D	-0.02%
	ZION	B	-0.02%
	APG	B	-0.02%
	SNV	B	-0.02%
	NSP	D	-0.02%
	HP	B	-0.02%
	VFC	C	-0.02%
	DNOW	B	-0.02%
	LAD	A	-0.02%
	REZI	A	-0.02%
	PMT	D	-0.02%
	HNI	B	-0.02%
	XRAY	F	-0.02%
	WKC	D	-0.02%
	SNDR	B	-0.02%
	OSIS	B	-0.02%
	NAVI	C	-0.02%
	LNW	D	-0.02%
	EPC	D	-0.02%
	M	D	-0.02%
	AGCO	D	-0.02%
	KBR	F	-0.02%
	JBLU	F	-0.02%
	PFSI	D	-0.02%
	VVV	F	-0.02%
	THS	D	-0.02%
	RHI	B	-0.02%
	SKX	D	-0.02%
	CC	C	-0.02%
	DLB	B	-0.02%
	NWL	B	-0.02%
	OHI	C	-0.02%
	MDU	D	-0.02%
	SXT	B	-0.02%
	RLJ	B	-0.02%
	YELP	C	-0.02%
	DORM	B	-0.02%
	APOG	B	-0.02%
	GWRE	A	-0.02%
	SAM	C	-0.02%
	CTLT	B	-0.02%
	PSN	D	-0.02%
	XHR	B	-0.02%
	PDCO	D	-0.02%
	PBF	D	-0.02%
	MKTX	D	-0.02%
	EWBC	A	-0.02%
	NTCT	C	-0.02%
	VSCO	B	-0.02%
	MCY	A	-0.02%
	AIR	B	-0.02%
	HOG	D	-0.02%
	FAF	A	-0.02%
	SBH	C	-0.02%
	BFAM	D	-0.02%
	VSTO	A	-0.02%
	KSS	F	-0.02%
	PVH	C	-0.02%
	RYN	D	-0.02%
	ADNT	F	-0.02%
	ORA	B	-0.02%
	MTG	C	-0.02%
	GEF	A	-0.02%
	MSA	D	-0.02%
	NEU	C	-0.02%
	GHC	C	-0.02%
	STC	B	-0.02%
	SVC	F	-0.01%
	AAP	C	-0.01%
	CPRI	F	-0.01%
	NOV	C	-0.01%
	KNX	B	-0.01%
	RKT	F	-0.01%
	JELD	F	-0.01%
	SCL	C	-0.01%
	MLKN	D	-0.01%
	IGT	F	-0.01%
	CACC	D	-0.01%
	PARA	C	-0.01%
	ARI	C	-0.01%
	WOR	F	-0.01%
	ELAN	D	-0.01%
	CNXN	C	-0.01%
	SPR	D	-0.01%
	CLF	F	-0.01%
	GIII	D	-0.01%
	UGI	A	-0.01%
	ECPG	B	-0.01%
	ALEX	C	-0.01%
	UVV	B	-0.01%
	JBGS	D	-0.01%
	HTH	B	-0.01%
	SEB	F	-0.01%
	MKSI	C	-0.01%
	RDN	C	-0.01%
	IMKTA	C	-0.01%
	XRX	F	-0.01%
	SR	A	-0.01%
	ARMK	B	-0.01%
	OUT	A	-0.01%
	PNW	B	-0.01%
	SHO	C	-0.01%
	WGO	C	-0.01%
	AMED	F	-0.01%
	CNS	B	-0.01%
	SSB	B	-0.01%
	SWX	B	-0.01%
	KALU	C	-0.01%
	ESI	A	-0.01%
	CENTA	C	-0.01%
	CVI	F	-0.01%
	ARCH	B	-0.01%
	PECO	A	-0.01%
	PB	A	-0.01%
	SAIC	F	-0.01%
	OMI	F	-0.01%
	FDP	B	-0.01%
	SIGI	C	-0.01%
	LEA	D	-0.01%
	WAFD	B	-0.01%
	CROX	D	-0.01%
	BRC	D	-0.01%
	DY	D	-0.01%
	SPB	C	-0.01%
	PPC	C	-0.01%
	NNN	D	-0.01%
	CFR	B	-0.01%
	FELE	B	-0.01%
	DAN	D	-0.01%
	WMK	C	-0.01%
	MHK	D	-0.01%
	FLR	B	-0.01%
	KN	B	-0.01%
	STRA	C	-0.01%
	BBWI	D	-0.01%
	ESNT	D	-0.01%
	TPR	B	-0.01%
	DXC	B	-0.01%
	IDCC	B	-0.01%
	LADR	B	-0.01%
	NNI	D	-0.01%
	GES	F	-0.01%
	ESAB	B	-0.01%
	CWEN	C	-0.01%
	ONB	B	-0.01%
	CBSH	A	-0.01%
	WWD	B	-0.01%
	MUR	D	-0.01%
	CR	A	-0.01%
	ICUI	D	-0.01%
	CSGS	B	-0.01%
	TNET	D	-0.01%
	FYBR	D	-0.01%
	HE	C	-0.01%
	CADE	B	-0.01%
	WTFC	A	-0.01%
	FHN	A	-0.01%
	PSMT	C	-0.01%
	ADC	B	-0.01%
	H	B	-0.01%
	SATS	D	-0.01%
	RBC	A	-0.01%
	BWA	D	-0.01%
	GOLF	B	-0.01%
	FR	D	-0.01%
	DTM	B	-0.01%
	DEI	B	-0.01%
	AMWD	C	-0.01%
	PTEN	C	-0.01%
	SCS	C	-0.01%
	VNT	B	-0.01%
	TDC	D	-0.01%
	SCCO	F	-0.0%
	NOMD	D	-0.0%
	WOLF	F	-0.0%
	HUN	F	-0.0%

ILCB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Utilities - Regulated Electric Semiconductors Oil & Gas E&P Asset Management Specialty Retail Biotechnology Capital Markets Software - Infrastructure Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Aerospace Chemical Medicine Telecommunications Real Estate Investment Trust Semiconductor Bank Cloud Computing Mining Banking Insurance Products Mobile Devices

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing