ILCB vs. QARP ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	QARP
30 Days	3.62%	3.81%
60 Days	4.81%	3.83%
90 Days	6.51%	5.70%
12 Months	32.50%	26.96%

280 Overlapping Holdings

Symbol	Grade	Weight in ILCB	Weight in QARP	Overlap
A	D	0.07%	0.09%	0.07%
AAPL	C	6.21%	4.93%	4.93%
ABBV	D	0.56%	0.02%	0.02%
ABNB	C	0.11%	0.23%	0.11%
ABT	B	0.39%	0.22%	0.22%
ACGL	D	0.07%	0.23%	0.07%
ACI	C	0.01%	0.06%	0.01%
ACM	A	0.03%	0.04%	0.03%
ACN	C	0.43%	1.17%	0.43%
ADBE	C	0.43%	0.87%	0.43%
ADI	D	0.2%	0.08%	0.08%
ADM	D	0.05%	0.27%	0.05%
ADP	B	0.23%	0.21%	0.21%
ADSK	A	0.12%	0.06%	0.06%
ALB	C	0.02%	0.02%	0.02%
ALGN	D	0.03%	0.05%	0.03%
AMAT	F	0.27%	0.71%	0.27%
AMCR	D	0.03%	0.03%	0.03%
AMD	F	0.42%	0.07%	0.07%
AMGN	D	0.29%	0.03%	0.03%
AMZN	C	3.7%	3.85%	3.7%
ANET	C	0.19%	0.13%	0.13%
AON	A	0.16%	0.34%	0.16%
AOS	F	0.02%	0.06%	0.02%
APA	D	0.02%	0.02%	0.02%
APTV	D	0.02%	0.05%	0.02%
AR	B	0.02%	0.02%	0.02%
ATO	A	0.04%	0.08%	0.04%
AZO	C	0.1%	0.33%	0.1%
BBY	D	0.03%	0.22%	0.03%
BIIB	F	0.04%	0.02%	0.02%
BJ	A	0.02%	0.11%	0.02%
BKNG	A	0.32%	0.81%	0.32%
BKR	B	0.08%	0.1%	0.08%
BLD	D	0.02%	0.05%	0.02%
BLDR	D	0.04%	0.16%	0.04%
BMY	B	0.22%	0.62%	0.22%
BRK.A	B	1.63%	5.26%	1.63%
BURL	A	0.03%	0.04%	0.03%
BX	A	0.25%	0.06%	0.06%
CAH	B	0.06%	0.4%	0.06%
CASY	A	0.03%	0.13%	0.03%
CAT	B	0.36%	0.66%	0.36%
CBRE	B	0.08%	0.09%	0.08%
CCL	B	0.05%	0.05%	0.05%
CDNS	B	0.15%	0.02%	0.02%
CDW	F	0.05%	0.02%	0.02%
CE	F	0.02%	0.02%	0.02%
CF	B	0.03%	0.13%	0.03%
CHTR	C	0.07%	0.13%	0.07%
CI	F	0.17%	0.55%	0.17%
CINF	A	0.05%	0.09%	0.05%
CL	D	0.15%	0.22%	0.15%
CLX	B	0.04%	0.07%	0.04%
CMCSA	B	0.32%	0.86%	0.32%
CMG	B	0.15%	0.11%	0.11%
CMI	A	0.1%	0.26%	0.1%
CNC	D	0.06%	0.24%	0.06%
CNM	D	0.01%	0.04%	0.01%
CNP	B	0.04%	0.04%	0.04%
COF	B	0.14%	0.16%	0.14%
COIN	C	0.12%	0.06%	0.06%
COP	C	0.25%	0.78%	0.25%
COR	B	0.08%	0.4%	0.08%
COST	B	0.78%	2.35%	0.78%
CPB	D	0.02%	0.02%	0.02%
CPNG	D	0.06%	0.1%	0.06%
CPRT	A	0.1%	0.07%	0.07%
CSCO	B	0.45%	1.97%	0.45%
CSL	C	0.04%	0.05%	0.04%
CSX	B	0.13%	0.06%	0.06%
CTAS	B	0.14%	0.08%	0.08%
CTRA	B	0.04%	0.12%	0.04%
CTSH	B	0.07%	0.29%	0.07%
CTVA	C	0.07%	0.02%	0.02%
CVS	D	0.13%	0.19%	0.13%
CVX	A	0.53%	1.54%	0.53%
DAL	C	0.08%	0.22%	0.08%
DD	D	0.07%	0.02%	0.02%
DE	A	0.19%	0.25%	0.19%
DECK	A	0.05%	0.13%	0.05%
DGX	A	0.03%	0.03%	0.03%
DHI	D	0.09%	0.31%	0.09%
DINO	D	0.01%	0.02%	0.01%
DKS	C	0.02%	0.09%	0.02%
DLTR	F	0.03%	0.07%	0.03%
DOW	F	0.06%	0.07%	0.06%
DPZ	C	0.03%	0.03%	0.03%
DRI	B	0.04%	0.13%	0.04%
DVN	F	0.05%	0.16%	0.05%
EA	A	0.08%	0.21%	0.08%
EBAY	D	0.06%	0.09%	0.06%
EG	C	0.03%	0.06%	0.03%
EL	F	0.03%	0.02%	0.02%
ELV	F	0.18%	0.46%	0.18%
EME	C	0.05%	0.16%	0.05%
EOG	A	0.15%	0.51%	0.15%
EPAM	C	0.03%	0.04%	0.03%
EW	C	0.08%	0.06%	0.06%
EXPD	D	0.03%	0.13%	0.03%
EXPE	B	0.04%	0.17%	0.04%
FANG	D	0.06%	0.19%	0.06%
FAST	B	0.09%	0.22%	0.09%
FCNCA	A	0.05%	0.15%	0.05%
FCX	D	0.12%	0.04%	0.04%
FDS	B	0.04%	0.1%	0.04%
FDX	B	0.13%	0.33%	0.13%
FFIV	B	0.03%	0.06%	0.03%
FICO	B	0.11%	0.08%	0.08%
FIX	A	0.03%	0.05%	0.03%
FND	C	0.02%	0.04%	0.02%
FOXA	B	0.02%	0.03%	0.02%
FTNT	C	0.12%	0.22%	0.12%
GEHC	F	0.06%	0.14%	0.06%
GEV	B	0.17%	0.21%	0.17%
GGG	B	0.03%	0.07%	0.03%
GILD	C	0.21%	0.32%	0.21%
GIS	D	0.07%	0.09%	0.07%
GLPI	C	0.02%	0.03%	0.02%
GM	B	0.12%	0.24%	0.12%
GOOG	C	1.74%	2.15%	1.74%
GOOGL	C	1.95%	2.38%	1.95%
GPC	D	0.03%	0.07%	0.03%
GRMN	B	0.06%	0.15%	0.06%
GWW	B	0.1%	0.28%	0.1%
HAL	C	0.05%	0.06%	0.05%
HCA	F	0.12%	0.26%	0.12%
HD	A	0.78%	1.98%	0.78%
HII	D	0.01%	0.02%	0.01%
HOLX	D	0.04%	0.04%	0.04%
HPQ	B	0.07%	0.08%	0.07%
HST	C	0.02%	0.03%	0.02%
HSY	F	0.05%	0.08%	0.05%
HUM	C	0.06%	0.32%	0.06%
INCY	C	0.02%	0.06%	0.02%
INTC	D	0.2%	0.08%	0.08%
IP	B	0.04%	0.05%	0.04%
ISRG	A	0.36%	0.18%	0.18%
ITW	B	0.15%	0.31%	0.15%
J	F	0.03%	0.03%	0.03%
JBHT	C	0.03%	0.05%	0.03%
JBL	B	0.03%	0.06%	0.03%
JKHY	D	0.02%	0.05%	0.02%
JNJ	D	0.71%	2.35%	0.71%
JNPR	F	0.02%	0.03%	0.02%
K	A	0.04%	0.06%	0.04%
KEYS	A	0.05%	0.12%	0.05%
KLAC	D	0.16%	0.16%	0.16%
KMB	D	0.09%	0.16%	0.09%
KR	B	0.08%	0.29%	0.08%
KVUE	A	0.08%	0.21%	0.08%
LECO	B	0.02%	0.04%	0.02%
LEN	D	0.08%	0.4%	0.08%
LEN	D	0.0%	0.4%	0.0%
LH	C	0.04%	0.07%	0.04%
LKQ	D	0.02%	0.02%	0.02%
LLY	F	1.22%	0.03%	0.03%
LMT	D	0.22%	0.71%	0.22%
LNG	B	0.09%	0.08%	0.08%
LOW	D	0.3%	0.77%	0.3%
LPLA	A	0.05%	0.2%	0.05%
LRCX	F	0.18%	0.42%	0.18%
LULU	C	0.07%	0.17%	0.07%
LUV	C	0.04%	0.1%	0.04%
LVS	C	0.04%	0.05%	0.04%
LYB	F	0.04%	0.09%	0.04%
LYV	A	0.04%	0.09%	0.04%
MA	C	0.82%	1.57%	0.82%
MAR	B	0.12%	0.12%	0.12%
MAS	D	0.03%	0.07%	0.03%
MCD	D	0.41%	0.38%	0.38%
MCHP	D	0.06%	0.04%	0.04%
MCK	B	0.15%	1.18%	0.15%
MCO	B	0.14%	0.33%	0.14%
MEDP	D	0.02%	0.03%	0.02%
META	D	2.34%	5.09%	2.34%
MGM	D	0.02%	0.05%	0.02%
MMC	B	0.21%	0.56%	0.21%
MMM	D	0.14%	0.11%	0.11%
MNST	C	0.07%	0.14%	0.07%
MO	A	0.18%	0.64%	0.18%
MOH	F	0.03%	0.06%	0.03%
MOS	F	0.02%	0.04%	0.02%
MPC	D	0.1%	0.26%	0.1%
MRK	F	0.47%	0.32%	0.32%
MRNA	F	0.02%	0.05%	0.02%
MRO	B	0.03%	0.11%	0.03%
MSCI	C	0.09%	0.22%	0.09%
MSFT	F	5.94%	2.01%	2.01%
MTD	D	0.05%	0.09%	0.05%
MU	D	0.21%	0.35%	0.21%
NKE	D	0.17%	0.31%	0.17%
NTAP	C	0.05%	0.07%	0.05%
NUE	C	0.07%	0.37%	0.07%
NVDA	C	6.48%	0.18%	0.18%
NVR	D	0.05%	0.23%	0.05%
OC	A	0.03%	0.13%	0.03%
ODFL	B	0.08%	0.18%	0.08%
ON	D	0.05%	0.04%	0.04%
ORCL	B	0.57%	0.05%	0.05%
ORLY	B	0.14%	0.37%	0.14%
OTIS	C	0.08%	0.04%	0.04%
OVV	B	0.02%	0.03%	0.02%
OXY	D	0.06%	0.06%	0.06%
PAYC	B	0.02%	0.04%	0.02%
PAYX	C	0.09%	0.19%	0.09%
PCAR	B	0.11%	0.23%	0.11%
PFE	D	0.27%	0.47%	0.27%
PFGC	B	0.02%	0.08%	0.02%
PG	A	0.77%	1.38%	0.77%
PGR	A	0.29%	0.06%	0.06%
PHM	D	0.05%	0.21%	0.05%
PKG	A	0.04%	0.06%	0.04%
PM	B	0.38%	0.56%	0.38%
POOL	C	0.03%	0.06%	0.03%
PSA	D	0.1%	0.31%	0.1%
PSX	C	0.11%	0.12%	0.11%
PWR	A	0.09%	0.06%	0.06%
PYPL	B	0.17%	0.34%	0.17%
QCOM	F	0.34%	0.25%	0.25%
REGN	F	0.15%	0.25%	0.15%
RNR	C	0.03%	0.06%	0.03%
ROK	B	0.06%	0.09%	0.06%
ROL	B	0.03%	0.04%	0.03%
ROST	C	0.09%	0.25%	0.09%
RPRX	D	0.02%	0.03%	0.02%
RS	B	0.03%	0.17%	0.03%
SAIA	B	0.03%	0.05%	0.03%
SBUX	A	0.22%	0.51%	0.22%
SJM	D	0.02%	0.03%	0.02%
SLB	C	0.12%	0.14%	0.12%
SNA	A	0.04%	0.12%	0.04%
SOLV	C	0.02%	0.1%	0.02%
SPG	B	0.11%	0.2%	0.11%
SPGI	C	0.3%	0.07%	0.07%
STLD	B	0.04%	0.25%	0.04%
SWKS	F	0.03%	0.08%	0.03%
SYF	B	0.05%	0.14%	0.05%
SYY	B	0.07%	0.33%	0.07%
T	A	0.31%	0.72%	0.31%
TAP	C	0.02%	0.03%	0.02%
TER	D	0.03%	0.03%	0.03%
TGT	F	0.14%	0.32%	0.14%
TJX	A	0.26%	0.82%	0.26%
TOL	B	0.03%	0.07%	0.03%
TROW	B	0.05%	0.25%	0.05%
TSCO	D	0.06%	0.15%	0.06%
TSLA	B	1.72%	0.83%	0.83%
TSN	B	0.03%	0.04%	0.03%
TT	A	0.18%	0.08%	0.08%
TTEK	F	0.02%	0.02%	0.02%
TXN	C	0.35%	0.36%	0.35%
TXT	D	0.03%	0.06%	0.03%
UAL	A	0.06%	0.11%	0.06%
UHS	D	0.02%	0.05%	0.02%
ULTA	F	0.03%	0.14%	0.03%
UNH	C	1.05%	2.36%	1.05%
UNP	C	0.28%	0.12%	0.12%
UPS	C	0.19%	0.4%	0.19%
URI	B	0.11%	0.22%	0.11%
USFD	A	0.03%	0.04%	0.03%
UTHR	C	0.03%	0.1%	0.03%
V	A	1.0%	1.84%	1.0%
VICI	C	0.06%	0.08%	0.06%
VLO	C	0.09%	0.18%	0.09%
VRSN	F	0.03%	0.06%	0.03%
VRTX	F	0.23%	0.2%	0.2%
VST	B	0.09%	0.23%	0.09%
VZ	C	0.34%	0.67%	0.34%
WAT	B	0.04%	0.03%	0.03%
WBD	C	0.04%	0.04%	0.04%
WMT	A	0.7%	3.0%	0.7%
WSM	B	0.03%	0.21%	0.03%
WSO	A	0.04%	0.08%	0.04%
WST	C	0.04%	0.08%	0.04%
WTW	B	0.06%	0.03%	0.03%
WY	D	0.04%	0.08%	0.04%
WYNN	D	0.02%	0.04%	0.02%
XOM	B	1.02%	3.2%	1.02%
YUM	B	0.07%	0.05%	0.05%

ILCB Overweight 334 Positions Relative to QARP

Symbol	Grade	Weight
AVGO	D	1.45%
JPM	A	1.34%
NFLX	A	0.68%
BAC	A	0.61%
CRM	B	0.58%
WFC	A	0.49%
KO	D	0.46%
PEP	F	0.42%
LIN	D	0.41%
NOW	A	0.4%
DIS	B	0.4%
TMO	F	0.38%
GE	D	0.37%
GS	A	0.37%
INTU	C	0.37%
IBM	C	0.36%
MS	A	0.32%
AXP	A	0.31%
BLK	C	0.3%
NEE	D	0.3%
RTX	C	0.3%
DHR	F	0.29%
HON	B	0.29%
ETN	A	0.28%
UBER	D	0.28%
SYK	C	0.27%
BSX	B	0.25%
C	A	0.25%
PLTR	B	0.25%
PANW	C	0.24%
FI	A	0.23%
MDT	D	0.22%
TMUS	B	0.22%
SCHW	B	0.22%
CB	C	0.21%
BA	F	0.2%
PLD	D	0.2%
KKR	A	0.19%
AMT	D	0.18%
MELI	D	0.18%
SO	D	0.18%
MDLZ	F	0.17%
DUK	C	0.17%
SHW	A	0.17%
ICE	C	0.17%
PH	A	0.17%
MSI	B	0.16%
CME	A	0.16%
WELL	A	0.16%
PNC	B	0.16%
APH	A	0.16%
EQIX	A	0.16%
MRVL	B	0.15%
CRWD	B	0.15%
USB	A	0.15%
SNPS	B	0.15%
ZTS	D	0.15%
WM	A	0.15%
APD	A	0.14%
CEG	D	0.14%
GD	F	0.14%
NOC	D	0.14%
EMR	A	0.14%
APO	B	0.13%
BDX	F	0.13%
CRH	A	0.13%
WMB	A	0.13%
TDG	D	0.13%
MSTR	C	0.12%
APP	B	0.12%
HLT	A	0.12%
TFC	A	0.12%
ECL	D	0.12%
CARR	D	0.12%
OKE	A	0.12%
AJG	B	0.12%
WDAY	B	0.11%
NXPI	D	0.11%
AMP	A	0.11%
AFL	B	0.11%
JCI	C	0.11%
BK	A	0.11%
ROP	B	0.11%
DLR	B	0.11%
SRE	A	0.11%
NSC	B	0.11%
TRV	B	0.11%
MET	A	0.1%
AEP	D	0.1%
ALL	A	0.1%
DASH	A	0.1%
TTD	B	0.1%
KMI	A	0.1%
RCL	A	0.1%
DFS	B	0.09%
PEG	A	0.09%
AME	A	0.09%
CCI	D	0.09%
PCG	A	0.09%
TEL	B	0.09%
HWM	A	0.09%
PRU	A	0.09%
SQ	B	0.09%
LHX	C	0.09%
NEM	D	0.09%
D	C	0.09%
O	D	0.09%
FIS	C	0.09%
AIG	B	0.09%
EXC	C	0.08%
IT	C	0.08%
VRSK	A	0.08%
HES	B	0.08%
FERG	B	0.08%
SNOW	C	0.08%
IR	B	0.08%
RSG	A	0.08%
F	C	0.08%
TRGP	B	0.08%
AXON	A	0.08%
VRT	B	0.08%
RMD	C	0.07%
WAB	B	0.07%
KDP	D	0.07%
HUBS	A	0.07%
EXR	D	0.07%
HIG	B	0.07%
IDXX	F	0.07%
DELL	C	0.07%
IQV	D	0.07%
MTB	A	0.07%
GLW	B	0.07%
MLM	B	0.07%
VMC	B	0.07%
DDOG	A	0.07%
TEAM	A	0.07%
XEL	A	0.07%
STZ	D	0.07%
PPG	F	0.06%
STT	A	0.06%
CSGP	D	0.06%
ANSS	B	0.06%
TTWO	A	0.06%
GPN	B	0.06%
XYL	D	0.06%
ALNY	D	0.06%
DXCM	D	0.06%
NDAQ	A	0.06%
RJF	A	0.06%
EFX	F	0.06%
WEC	A	0.06%
ARES	A	0.06%
VEEV	C	0.06%
ETR	B	0.06%
FITB	A	0.06%
EIX	B	0.06%
AVB	B	0.06%
ED	D	0.06%
IRM	D	0.06%
SBAC	D	0.05%
EQT	B	0.05%
RF	A	0.05%
AEE	A	0.05%
VLTO	D	0.05%
GDDY	A	0.05%
PPL	B	0.05%
DTE	C	0.05%
CPAY	A	0.05%
TYL	B	0.05%
EQR	B	0.05%
HBAN	A	0.05%
VTR	C	0.05%
SW	A	0.05%
FTV	C	0.05%
AWK	D	0.05%
RBLX	C	0.05%
BR	A	0.05%
MPWR	F	0.05%
TPL	A	0.05%
BRO	B	0.05%
CHD	B	0.05%
NET	B	0.05%
KHC	F	0.05%
HPE	B	0.05%
DOV	A	0.05%
ZS	C	0.04%
TRU	D	0.04%
WRB	A	0.04%
MAA	B	0.04%
MKC	D	0.04%
OMC	C	0.04%
IBKR	A	0.04%
EXE	B	0.04%
NRG	B	0.04%
BAH	F	0.04%
DKNG	B	0.04%
BALL	D	0.04%
ESS	B	0.04%
INVH	D	0.04%
FSLR	F	0.04%
COO	D	0.04%
STX	D	0.04%
ZBRA	B	0.04%
ZM	B	0.04%
LII	A	0.04%
MDB	C	0.04%
PFG	D	0.04%
WDC	D	0.04%
CMS	C	0.04%
FE	C	0.04%
LDOS	C	0.04%
ILMN	D	0.04%
CFG	B	0.04%
ES	D	0.04%
MKL	A	0.04%
NTRS	A	0.04%
STE	F	0.04%
IFF	D	0.04%
TDY	B	0.04%
PTC	A	0.04%
ZBH	C	0.04%
HUBB	B	0.04%
NDSN	B	0.03%
AKAM	D	0.03%
UDR	B	0.03%
FNF	B	0.03%
SWK	D	0.03%
RVTY	F	0.03%
AVTR	F	0.03%
DT	C	0.03%
EVRG	A	0.03%
ENTG	D	0.03%
DOC	D	0.03%
PSTG	D	0.03%
TW	A	0.03%
THC	D	0.03%
FLEX	A	0.03%
RGA	A	0.03%
SUI	D	0.03%
VTRS	A	0.03%
LNT	A	0.03%
L	A	0.03%
AVY	D	0.03%
DOCU	A	0.03%
SSNC	B	0.03%
HEI	B	0.03%
TWLO	A	0.03%
ARE	D	0.03%
BAX	D	0.03%
NI	A	0.03%
HOOD	B	0.03%
MANH	D	0.03%
DG	F	0.03%
KIM	A	0.03%
PINS	D	0.03%
XPO	B	0.03%
NTNX	A	0.03%
GEN	B	0.03%
FWONK	B	0.03%
IEX	B	0.03%
PNR	A	0.03%
TRMB	B	0.03%
RPM	A	0.03%
PODD	C	0.03%
NTRA	B	0.03%
KEY	B	0.03%
DVA	B	0.02%
ENPH	F	0.02%
HRL	D	0.02%
EXAS	D	0.02%
WING	D	0.02%
TFX	F	0.02%
MORN	B	0.02%
SMCI	F	0.02%
WMS	D	0.02%
WTRG	B	0.02%
SRPT	D	0.02%
CRL	C	0.02%
ALLY	C	0.02%
CNH	C	0.02%
AES	F	0.02%
CHDN	B	0.02%
UNM	A	0.02%
ERIE	D	0.02%
IPG	D	0.02%
AFG	A	0.02%
TECH	D	0.02%
LW	C	0.02%
NWSA	B	0.02%
CCK	C	0.02%
CG	A	0.02%
HEI	B	0.02%
RRX	B	0.02%
SNAP	C	0.02%
DAY	B	0.02%
AMH	D	0.02%
NVT	B	0.02%
OKTA	C	0.02%
BMRN	D	0.02%
NBIX	C	0.02%
EMN	D	0.02%
WPC	D	0.02%
KMX	B	0.02%
BXP	D	0.02%
ALLE	D	0.02%
REG	B	0.02%
SCI	B	0.02%
EQH	B	0.02%
CLH	B	0.02%
CPT	B	0.02%
BG	F	0.02%
CAG	D	0.02%
ELS	C	0.02%
COTY	F	0.01%
PAG	B	0.01%
NWS	B	0.01%
CELH	F	0.01%
WLK	D	0.01%
BRKR	D	0.01%
U	C	0.01%
SNX	C	0.01%
FOX	A	0.01%
WBA	F	0.01%
UHAL	D	0.01%
PCOR	B	0.01%
BSY	D	0.01%
SIRI	C	0.01%
QRVO	F	0.01%
BEN	C	0.01%
AZPN	A	0.01%
UHAL	D	0.0%
FWONA	B	0.0%
ALAB	B	0.0%
AGR	B	0.0%

ILCB Underweight 66 Positions Relative to QARP

Symbol	Grade	Weight
TPR	B	-0.12%
MTG	C	-0.11%
EVR	B	-0.11%
AMG	B	-0.09%
CBOE	B	-0.08%
HRB	D	-0.08%
DOX	D	-0.07%
RHI	B	-0.07%
SEIC	B	-0.07%
AYI	B	-0.07%
EXP	A	-0.06%
AGCO	D	-0.06%
TXRH	C	-0.06%
SKX	D	-0.06%
BWA	D	-0.06%
CHRW	C	-0.06%
ALK	C	-0.05%
LSTR	D	-0.05%
ITT	A	-0.05%
CLF	F	-0.05%
RL	B	-0.05%
MKTX	D	-0.05%
MUSA	A	-0.05%
OSK	B	-0.04%
NYT	C	-0.04%
X	C	-0.04%
AAL	B	-0.04%
CHE	D	-0.04%
KNSL	B	-0.04%
LPX	B	-0.04%
ARMK	B	-0.04%
ALSN	B	-0.04%
LEA	D	-0.04%
GNTX	C	-0.04%
COKE	C	-0.04%
CHRD	D	-0.04%
DBX	B	-0.04%
INGR	B	-0.04%
DCI	B	-0.04%
HLI	B	-0.04%
OLN	D	-0.03%
PINC	B	-0.03%
MTZ	B	-0.03%
FCN	D	-0.03%
RLI	B	-0.03%
G	B	-0.03%
MSM	C	-0.03%
PVH	C	-0.03%
KNX	B	-0.03%
THO	B	-0.03%
VVV	F	-0.03%
GAP	C	-0.03%
LOPE	B	-0.03%
JHG	A	-0.03%
LAMR	D	-0.03%
EXEL	B	-0.03%
BBWI	D	-0.02%
NEU	C	-0.02%
FIVE	F	-0.02%
M	D	-0.02%
MHK	D	-0.02%
CROX	D	-0.02%
SSD	D	-0.02%
PII	D	-0.02%
CRUS	D	-0.02%
IWB	A	-0.0%