IWB vs. CDEI ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index 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. It seeks to track the investment results of the Russell 1000® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$328.53

Average Daily Volume

795,613

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.24

Average Daily Volume

644

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	IWB	CDEI
30 Days	2.44%	0.52%
60 Days	5.17%	3.80%
90 Days	6.63%	4.42%
12 Months	32.81%	24.57%

346 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in CDEI	Overlap
	A	D	0.07%	0.11%	0.07%
	AAON	B	0.02%	0.03%	0.02%
	AAPL	C	6.04%	10.52%	6.04%
	ABBV	F	0.54%	0.91%	0.54%
	ABT	B	0.37%	0.6%	0.37%
	ACGL	C	0.07%	0.11%	0.07%
	ACM	B	0.03%	0.04%	0.03%
	ACN	B	0.41%	0.69%	0.41%
	ADBE	C	0.41%	0.71%	0.41%
	ADI	D	0.19%	0.32%	0.19%
	ADP	A	0.23%	0.37%	0.23%
	ADSK	A	0.12%	0.2%	0.12%
	AES	F	0.02%	0.03%	0.02%
	AFG	A	0.02%	0.03%	0.02%
	AGR	A	0.0%	0.01%	0.0%
	AIG	B	0.09%	0.15%	0.09%
	AKAM	D	0.02%	0.04%	0.02%
	ALGN	D	0.03%	0.05%	0.03%
	ALK	B	0.01%	0.02%	0.01%
	ALL	A	0.1%	0.16%	0.1%
	ALLE	C	0.02%	0.04%	0.02%
	ALNY	D	0.05%	0.1%	0.05%
	AMCR	C	0.03%	0.04%	0.03%
	AMD	F	0.4%	0.68%	0.4%
	AMGN	F	0.28%	0.48%	0.28%
	AMP	A	0.1%	0.17%	0.1%
	AMT	C	0.17%	0.28%	0.17%
	ANET	C	0.18%	0.3%	0.18%
	ANSS	B	0.05%	0.09%	0.05%
	AON	A	0.14%	0.24%	0.14%
	APH	A	0.15%	0.26%	0.15%
	APPF	B	0.01%	0.02%	0.01%
	APTV	F	0.03%	0.04%	0.03%
	ASH	F	0.01%	0.01%	0.01%
	ATI	C	0.01%	0.02%	0.01%
	AVGO	D	1.38%	2.36%	1.38%
	AVTR	F	0.03%	0.04%	0.03%
	AWI	A	0.01%	0.02%	0.01%
	AWK	C	0.05%	0.08%	0.05%
	AXP	A	0.3%	0.5%	0.3%
	AZEK	A	0.01%	0.02%	0.01%
	BAC	A	0.59%	0.94%	0.59%
	BAH	F	0.04%	0.06%	0.04%
	BAX	F	0.03%	0.05%	0.03%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	D	0.04%	0.06%	0.04%
	BC	C	0.01%	0.02%	0.01%
	BDX	F	0.12%	0.2%	0.12%
	BIIB	F	0.04%	0.07%	0.04%
	BILL	A	0.02%	0.03%	0.02%
	BIO	C	0.01%	0.02%	0.01%
	BK	A	0.11%	0.17%	0.11%
	BKNG	A	0.31%	0.51%	0.31%
	BKR	A	0.08%	0.13%	0.08%
	BLD	D	0.02%	0.03%	0.02%
	BMY	B	0.21%	0.36%	0.21%
	BR	A	0.05%	0.08%	0.05%
	BRX	A	0.02%	0.03%	0.02%
	BSX	A	0.24%	0.39%	0.24%
	BURL	B	0.03%	0.05%	0.03%
	BWA	D	0.01%	0.02%	0.01%
	C	A	0.24%	0.39%	0.24%
	CAG	F	0.02%	0.04%	0.02%
	CARR	C	0.12%	0.19%	0.12%
	CASY	A	0.03%	0.04%	0.03%
	CBOE	C	0.04%	0.06%	0.04%
	CCI	C	0.08%	0.14%	0.08%
	CCK	D	0.02%	0.03%	0.02%
	CELH	F	0.01%	0.01%	0.01%
	CFG	B	0.04%	0.06%	0.04%
	CFR	B	0.02%	0.03%	0.02%
	CHH	A	0.01%	0.01%	0.01%
	CI	D	0.17%	0.27%	0.17%
	CIEN	C	0.02%	0.03%	0.02%
	CL	D	0.14%	0.23%	0.14%
	CLH	C	0.02%	0.04%	0.02%
	CLX	A	0.04%	0.06%	0.04%
	CMA	B	0.02%	0.03%	0.02%
	CMCSA	B	0.3%	0.51%	0.3%
	CME	B	0.15%	0.24%	0.15%
	CMI	A	0.09%	0.15%	0.09%
	CMS	C	0.04%	0.06%	0.04%
	CNC	D	0.06%	0.09%	0.06%
	COF	C	0.13%	0.21%	0.13%
	COLM	C	0.01%	0.01%	0.01%
	CPRT	B	0.09%	0.15%	0.09%
	CRM	B	0.56%	0.94%	0.56%
	CROX	D	0.01%	0.02%	0.01%
	CRUS	D	0.01%	0.02%	0.01%
	CRWD	B	0.14%	0.24%	0.14%
	CSCO	B	0.43%	0.7%	0.43%
	CSGP	D	0.05%	0.09%	0.05%
	CUBE	C	0.02%	0.03%	0.02%
	CVS	D	0.12%	0.21%	0.12%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.01%	0.0%
	DAL	B	0.08%	0.13%	0.08%
	DAY	B	0.02%	0.04%	0.02%
	DBX	B	0.01%	0.02%	0.01%
	DE	B	0.19%	0.3%	0.19%
	DECK	A	0.05%	0.08%	0.05%
	DELL	B	0.07%	0.12%	0.07%
	DFS	B	0.08%	0.13%	0.08%
	DG	F	0.03%	0.05%	0.03%
	DHR	F	0.27%	0.48%	0.27%
	DIS	B	0.39%	0.6%	0.39%
	DKS	D	0.02%	0.03%	0.02%
	DLR	B	0.11%	0.18%	0.11%
	DLTR	F	0.02%	0.04%	0.02%
	DOC	C	0.03%	0.04%	0.03%
	DOCU	B	0.03%	0.05%	0.03%
	DT	D	0.03%	0.04%	0.03%
	DTE	C	0.05%	0.07%	0.05%
	EA	A	0.08%	0.12%	0.08%
	EBAY	D	0.06%	0.09%	0.06%
	ECL	D	0.11%	0.19%	0.11%
	EFX	F	0.06%	0.1%	0.06%
	EL	F	0.03%	0.05%	0.03%
	ELAN	D	0.01%	0.02%	0.01%
	ELS	C	0.02%	0.04%	0.02%
	ELV	F	0.17%	0.29%	0.17%
	EME	A	0.04%	0.07%	0.04%
	EMR	B	0.13%	0.22%	0.13%
	EPAM	B	0.02%	0.04%	0.02%
	EQH	C	0.03%	0.05%	0.03%
	EQIX	A	0.16%	0.26%	0.16%
	ES	C	0.04%	0.07%	0.04%
	ETN	A	0.26%	0.44%	0.26%
	ETSY	D	0.01%	0.02%	0.01%
	EW	C	0.07%	0.12%	0.07%
	EWBC	A	0.03%	0.04%	0.03%
	EXC	C	0.07%	0.12%	0.07%
	EXPD	C	0.03%	0.05%	0.03%
	FAF	A	0.01%	0.02%	0.01%
	FAST	B	0.09%	0.14%	0.09%
	FBIN	D	0.02%	0.03%	0.02%
	FCN	F	0.01%	0.02%	0.01%
	FDX	B	0.12%	0.2%	0.12%
	FI	A	0.22%	0.37%	0.22%
	FICO	B	0.1%	0.17%	0.1%
	FIS	C	0.09%	0.15%	0.09%
	FITB	B	0.06%	0.1%	0.06%
	FLO	D	0.01%	0.01%	0.01%
	FMC	D	0.01%	0.02%	0.01%
	FSLR	F	0.04%	0.06%	0.04%
	FTV	C	0.05%	0.08%	0.05%
	G	B	0.02%	0.02%	0.02%
	GEN	B	0.03%	0.05%	0.03%
	GILD	C	0.2%	0.35%	0.2%
	GIS	D	0.07%	0.11%	0.07%
	GL	C	0.02%	0.03%	0.02%
	GOOGL	C	1.87%	5.91%	1.87%
	GPK	C	0.02%	0.03%	0.02%
	H	B	0.01%	0.02%	0.01%
	HBAN	A	0.05%	0.08%	0.05%
	HD	B	0.75%	1.22%	0.75%
	HIG	B	0.06%	0.1%	0.06%
	HLT	A	0.11%	0.18%	0.11%
	HOLX	D	0.03%	0.05%	0.03%
	HPE	B	0.05%	0.08%	0.05%
	HPQ	B	0.07%	0.11%	0.07%
	HSIC	C	0.02%	0.03%	0.02%
	HST	C	0.02%	0.04%	0.02%
	HSY	F	0.05%	0.08%	0.05%
	HUBS	A	0.06%	0.11%	0.06%
	IBM	C	0.35%	0.58%	0.35%
	ICE	C	0.16%	0.27%	0.16%
	IDA	A	0.01%	0.02%	0.01%
	IDXX	F	0.06%	0.1%	0.06%
	IEX	C	0.03%	0.05%	0.03%
	IFF	D	0.04%	0.06%	0.04%
	INSP	D	0.01%	0.02%	0.01%
	INTC	C	0.19%	0.32%	0.19%
	INTU	B	0.35%	0.58%	0.35%
	IPG	D	0.02%	0.03%	0.02%
	IQV	F	0.06%	0.11%	0.06%
	IR	B	0.08%	0.13%	0.08%
	IT	C	0.07%	0.12%	0.07%
	ITT	A	0.02%	0.04%	0.02%
	JCI	B	0.1%	0.17%	0.1%
	JEF	A	0.02%	0.04%	0.02%
	JHG	B	0.01%	0.02%	0.01%
	JKHY	D	0.02%	0.04%	0.02%
	JLL	D	0.02%	0.04%	0.02%
	JNPR	D	0.02%	0.04%	0.02%
	JPM	A	1.3%	2.08%	1.3%
	K	A	0.04%	0.06%	0.04%
	KDP	F	0.07%	0.11%	0.07%
	KEY	B	0.03%	0.05%	0.03%
	KIM	A	0.03%	0.05%	0.03%
	KMB	C	0.08%	0.13%	0.08%
	KO	D	0.44%	0.74%	0.44%
	KR	B	0.07%	0.13%	0.07%
	LEA	F	0.01%	0.02%	0.01%
	LECO	C	0.02%	0.03%	0.02%
	LLY	F	1.1%	2.03%	1.1%
	LNC	C	0.01%	0.02%	0.01%
	LNT	A	0.03%	0.05%	0.03%
	LOW	C	0.28%	0.47%	0.28%
	LPLA	A	0.04%	0.07%	0.04%
	LRCX	F	0.17%	0.29%	0.17%
	LYFT	C	0.01%	0.02%	0.01%
	M	F	0.01%	0.01%	0.01%
	MA	B	0.8%	1.3%	0.8%
	MAR	A	0.12%	0.2%	0.12%
	MAS	D	0.03%	0.05%	0.03%
	MAT	D	0.01%	0.02%	0.01%
	MCO	B	0.14%	0.23%	0.14%
	MDLZ	F	0.16%	0.26%	0.16%
	MDT	D	0.21%	0.33%	0.21%
	MEDP	D	0.01%	0.03%	0.01%
	MET	A	0.09%	0.15%	0.09%
	MIDD	C	0.01%	0.02%	0.01%
	MKSI	C	0.01%	0.02%	0.01%
	MKTX	D	0.02%	0.03%	0.02%
	MMC	B	0.2%	0.33%	0.2%
	MORN	B	0.02%	0.03%	0.02%
	MOS	F	0.02%	0.03%	0.02%
	MRK	D	0.45%	0.76%	0.45%
	MRNA	F	0.02%	0.04%	0.02%
	MSFT	D	5.7%	9.49%	5.7%
	MSI	B	0.15%	0.25%	0.15%
	MTG	C	0.01%	0.02%	0.01%
	MTN	C	0.01%	0.02%	0.01%
	MU	D	0.2%	0.33%	0.2%
	NDAQ	A	0.06%	0.1%	0.06%
	NEE	C	0.29%	0.47%	0.29%
	NFLX	A	0.65%	1.08%	0.65%
	NNN	C	0.01%	0.02%	0.01%
	NOW	A	0.38%	0.65%	0.38%
	NRG	B	0.04%	0.06%	0.04%
	NTAP	C	0.04%	0.07%	0.04%
	NTNX	B	0.03%	0.05%	0.03%
	NTRS	A	0.04%	0.06%	0.04%
	NVDA	B	6.14%	10.49%	6.14%
	NVT	B	0.02%	0.04%	0.02%
	O	C	0.09%	0.15%	0.09%
	OC	A	0.03%	0.05%	0.03%
	OGN	F	0.01%	0.01%	0.01%
	OHI	C	0.02%	0.03%	0.02%
	OMC	C	0.03%	0.06%	0.03%
	ON	D	0.05%	0.09%	0.05%
	ORI	A	0.02%	0.03%	0.02%
	OTIS	C	0.07%	0.12%	0.07%
	PANW	B	0.22%	0.38%	0.22%
	PARA	C	0.01%	0.02%	0.01%
	PAYC	B	0.02%	0.03%	0.02%
	PCTY	C	0.02%	0.03%	0.02%
	PEG	A	0.08%	0.13%	0.08%
	PEN	B	0.02%	0.03%	0.02%
	PEP	F	0.4%	0.69%	0.4%
	PFE	F	0.26%	0.45%	0.26%
	PFG	D	0.04%	0.06%	0.04%
	PFGC	B	0.02%	0.04%	0.02%
	PH	A	0.17%	0.27%	0.17%
	PINS	F	0.03%	0.05%	0.03%
	PODD	C	0.03%	0.06%	0.03%
	POOL	C	0.02%	0.04%	0.02%
	PRI	B	0.02%	0.03%	0.02%
	PRU	A	0.08%	0.14%	0.08%
	PVH	C	0.01%	0.02%	0.01%
	PWR	A	0.09%	0.14%	0.09%
	PYPL	B	0.16%	0.27%	0.16%
	QCOM	F	0.33%	0.55%	0.33%
	REGN	F	0.15%	0.25%	0.15%
	REXR	F	0.02%	0.03%	0.02%
	RF	A	0.04%	0.07%	0.04%
	RGA	A	0.03%	0.05%	0.03%
	RHI	C	0.01%	0.02%	0.01%
	RJF	A	0.06%	0.09%	0.06%
	RNR	C	0.02%	0.04%	0.02%
	ROK	C	0.06%	0.1%	0.06%
	RPRX	D	0.02%	0.03%	0.02%
	RSG	A	0.08%	0.13%	0.08%
	SAIC	F	0.01%	0.02%	0.01%
	SBUX	A	0.21%	0.33%	0.21%
	SCHW	B	0.22%	0.36%	0.22%
	SCI	B	0.02%	0.04%	0.02%
	SJM	D	0.02%	0.03%	0.02%
	SKX	D	0.01%	0.02%	0.01%
	SLGN	A	0.01%	0.01%	0.01%
	SNV	C	0.01%	0.02%	0.01%
	SNX	D	0.02%	0.03%	0.02%
	SOFI	B	0.03%	0.04%	0.03%
	SON	F	0.01%	0.01%	0.01%
	SPG	A	0.11%	0.17%	0.11%
	SPGI	C	0.29%	0.48%	0.29%
	SRE	A	0.11%	0.17%	0.11%
	STE	D	0.04%	0.07%	0.04%
	SWK	D	0.02%	0.04%	0.02%
	SYF	B	0.05%	0.08%	0.05%
	SYK	B	0.26%	0.42%	0.26%
	SYY	D	0.07%	0.11%	0.07%
	T	A	0.3%	0.48%	0.3%
	TEAM	A	0.07%	0.12%	0.07%
	TER	F	0.03%	0.05%	0.03%
	TFC	A	0.11%	0.19%	0.11%
	TGT	F	0.13%	0.21%	0.13%
	THO	B	0.01%	0.02%	0.01%
	TJX	A	0.25%	0.41%	0.25%
	TMO	F	0.36%	0.62%	0.36%
	TMUS	B	0.21%	0.35%	0.21%
	TPX	B	0.02%	0.03%	0.02%
	TREX	C	0.01%	0.02%	0.01%
	TRMB	B	0.03%	0.05%	0.03%
	TRV	B	0.11%	0.18%	0.11%
	TSCO	D	0.05%	0.09%	0.05%
	TT	A	0.17%	0.28%	0.17%
	TTC	C	0.02%	0.03%	0.02%
	TTD	B	0.1%	0.17%	0.1%
	TTEK	F	0.02%	0.03%	0.02%
	TW	A	0.03%	0.04%	0.03%
	TWLO	A	0.03%	0.05%	0.03%
	TXRH	B	0.02%	0.04%	0.02%
	TYL	B	0.05%	0.08%	0.05%
	UNH	B	1.01%	1.66%	1.01%
	UNM	A	0.02%	0.04%	0.02%
	UNP	C	0.27%	0.43%	0.27%
	USB	A	0.14%	0.24%	0.14%
	USFD	A	0.03%	0.05%	0.03%
	V	A	0.9%	1.56%	0.9%
	VEEV	C	0.06%	0.1%	0.06%
	VFC	C	0.01%	0.02%	0.01%
	VRSN	C	0.03%	0.05%	0.03%
	VRTX	D	0.22%	0.38%	0.22%
	VTR	B	0.05%	0.08%	0.05%
	VZ	C	0.32%	0.52%	0.32%
	WAB	B	0.06%	0.1%	0.06%
	WAT	C	0.04%	0.07%	0.04%
	WDC	D	0.04%	0.06%	0.04%
	WELL	A	0.15%	0.25%	0.15%
	WHR	B	0.01%	0.02%	0.01%
	WM	B	0.16%	0.27%	0.16%
	WMT	A	0.68%	1.11%	0.68%
	WSO	A	0.03%	0.05%	0.03%
	WST	C	0.04%	0.07%	0.04%
	WTFC	A	0.02%	0.03%	0.02%
	WY	F	0.04%	0.07%	0.04%
	XEL	A	0.07%	0.12%	0.07%
	XPO	B	0.03%	0.05%	0.03%
	XYL	D	0.05%	0.09%	0.05%
	YUM	D	0.07%	0.12%	0.07%
	Z	A	0.02%	0.05%	0.02%
	ZBRA	B	0.04%	0.06%	0.04%
	ZION	B	0.02%	0.03%	0.02%
	ZTS	D	0.15%	0.24%	0.15%

IWB Overweight 654 Positions Relative to CDEI

	Symbol	Grade	Weight
	AMZN	C	3.48%
	META	D	2.24%
	TSLA	B	1.65%
	BRK.A	B	1.59%
	GOOG	C	1.58%
	XOM	B	0.99%
	PG	C	0.74%
	COST	A	0.74%
	JNJ	C	0.69%
	ORCL	A	0.53%
	CVX	A	0.51%
	WFC	A	0.48%
	LIN	C	0.4%
	MCD	D	0.39%
	PM	B	0.37%
	GE	D	0.36%
	GS	A	0.35%
	CAT	B	0.35%
	TXN	C	0.34%
	ISRG	A	0.34%
	BLK	B	0.29%
	MS	A	0.29%
	RTX	D	0.29%
	HON	C	0.28%
	PGR	A	0.28%
	UBER	F	0.27%
	AMAT	F	0.26%
	BX	A	0.24%
	COP	C	0.24%
	PLTR	B	0.24%
	CB	C	0.22%
	LMT	D	0.21%
	KKR	A	0.19%
	PLD	F	0.19%
	MO	A	0.18%
	SO	C	0.18%
	BA	F	0.18%
	UPS	C	0.18%
	GEV	B	0.17%
	NKE	F	0.17%
	APO	B	0.16%
	DUK	C	0.16%
	SHW	B	0.16%
	MCK	A	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	CMG	B	0.15%
	ITW	B	0.15%
	PNC	B	0.15%
	KLAC	F	0.15%
	CTAS	B	0.14%
	MRVL	B	0.14%
	APP	B	0.14%
	EOG	A	0.14%
	GD	D	0.14%
	TDG	D	0.13%
	NOC	D	0.13%
	WMB	A	0.13%
	CSX	C	0.13%
	APD	A	0.13%
	ORLY	B	0.13%
	CEG	C	0.13%
	MMM	D	0.13%
	AJG	A	0.12%
	GM	C	0.12%
	OKE	A	0.12%
	HCA	F	0.12%
	CRH	A	0.12%
	PCAR	B	0.11%
	ABNB	C	0.11%
	ROP	B	0.11%
	DASH	B	0.11%
	NSC	B	0.11%
	FTNT	C	0.11%
	COIN	C	0.11%
	FCX	F	0.11%
	SLB	C	0.11%
	AFL	B	0.11%
	KMI	A	0.1%
	PSA	C	0.1%
	AZO	C	0.1%
	MSTR	B	0.1%
	WDAY	B	0.1%
	RCL	A	0.1%
	PSX	C	0.1%
	MPC	D	0.1%
	URI	C	0.1%
	ROST	D	0.09%
	LHX	C	0.09%
	NEM	D	0.09%
	SQ	A	0.09%
	DHI	F	0.09%
	D	C	0.09%
	LNG	A	0.09%
	VST	A	0.09%
	AEP	C	0.09%
	GWW	B	0.09%
	HES	B	0.08%
	ODFL	C	0.08%
	TRGP	A	0.08%
	AXON	A	0.08%
	F	C	0.08%
	VRT	B	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	VLO	C	0.08%
	HWM	A	0.08%
	KVUE	A	0.08%
	MSCI	C	0.08%
	PAYX	B	0.08%
	GLW	B	0.07%
	MLM	C	0.07%
	MTB	A	0.07%
	GEHC	D	0.07%
	CHTR	C	0.07%
	VMC	B	0.07%
	MNST	C	0.07%
	DDOG	A	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	CTVA	C	0.07%
	LULU	C	0.07%
	SNOW	B	0.07%
	COR	B	0.07%
	CBRE	B	0.07%
	VRSK	A	0.07%
	LEN	D	0.07%
	FERG	B	0.07%
	GPN	B	0.06%
	DXCM	C	0.06%
	ARES	A	0.06%
	TTWO	A	0.06%
	DOW	F	0.06%
	WEC	A	0.06%
	ETR	B	0.06%
	EIX	B	0.06%
	WTW	B	0.06%
	GRMN	B	0.06%
	AVB	B	0.06%
	HUM	C	0.06%
	VICI	C	0.06%
	MCHP	F	0.06%
	OXY	D	0.06%
	FANG	C	0.06%
	IRM	C	0.06%
	ED	C	0.06%
	DD	C	0.06%
	RMD	C	0.06%
	EXR	C	0.06%
	NUE	C	0.06%
	CCL	A	0.05%
	CPAY	A	0.05%
	PPL	A	0.05%
	MTD	F	0.05%
	EQT	B	0.05%
	VLTO	C	0.05%
	ADM	D	0.05%
	TPL	A	0.05%
	RBLX	C	0.05%
	GDDY	A	0.05%
	NVR	D	0.05%
	TROW	B	0.05%
	HAL	C	0.05%
	CVNA	B	0.05%
	KEYS	A	0.05%
	BRO	B	0.05%
	FCNCA	A	0.05%
	PHM	D	0.05%
	CHD	A	0.05%
	SW	A	0.05%
	MPWR	F	0.05%
	NET	B	0.05%
	DOV	A	0.05%
	KHC	F	0.05%
	EQR	C	0.05%
	CPNG	D	0.05%
	PPG	F	0.05%
	CAH	B	0.05%
	STT	B	0.05%
	UAL	A	0.05%
	ESS	B	0.04%
	COO	D	0.04%
	CNP	A	0.04%
	LUV	C	0.04%
	LH	B	0.04%
	LII	A	0.04%
	MDB	B	0.04%
	DRI	B	0.04%
	IP	A	0.04%
	LYV	A	0.04%
	INVH	D	0.04%
	CSL	C	0.04%
	STLD	B	0.04%
	PKG	A	0.04%
	BLDR	D	0.04%
	HOOD	B	0.04%
	ZM	C	0.04%
	LYB	F	0.04%
	EXE	A	0.04%
	ILMN	C	0.04%
	LDOS	C	0.04%
	TDY	B	0.04%
	MKL	A	0.04%
	ATO	A	0.04%
	WBD	B	0.04%
	PTC	B	0.04%
	EXPE	B	0.04%
	ZBH	C	0.04%
	CINF	A	0.04%
	HUBB	B	0.04%
	CDW	F	0.04%
	FE	C	0.04%
	SBAC	D	0.04%
	DVN	F	0.04%
	AEE	A	0.04%
	REG	A	0.03%
	ROL	B	0.03%
	FFIV	B	0.03%
	SAIA	B	0.03%
	JBL	C	0.03%
	EVRG	A	0.03%
	NDSN	B	0.03%
	UDR	B	0.03%
	ENTG	D	0.03%
	THC	D	0.03%
	PSTG	D	0.03%
	DPZ	C	0.03%
	L	A	0.03%
	JBHT	C	0.03%
	GGG	B	0.03%
	SUI	C	0.03%
	VTRS	A	0.03%
	TOL	B	0.03%
	FIX	A	0.03%
	SSNC	B	0.03%
	FNF	B	0.03%
	TXT	D	0.03%
	AVY	F	0.03%
	UTHR	C	0.03%
	GWRE	A	0.03%
	CF	A	0.03%
	MRO	B	0.03%
	EG	C	0.03%
	NI	A	0.03%
	NTRA	A	0.03%
	WSM	C	0.03%
	MANH	D	0.03%
	FWONK	A	0.03%
	HEI	A	0.03%
	MOH	F	0.03%
	LVS	B	0.03%
	GPC	D	0.03%
	RPM	A	0.03%
	ULTA	F	0.03%
	J	D	0.03%
	PNR	A	0.03%
	DGX	A	0.03%
	WRB	A	0.03%
	TSN	B	0.03%
	RS	B	0.03%
	DKNG	B	0.03%
	FDS	B	0.03%
	TOST	B	0.03%
	ARE	F	0.03%
	ZS	B	0.03%
	SNA	A	0.03%
	TRU	D	0.03%
	MAA	B	0.03%
	BALL	F	0.03%
	MKC	C	0.03%
	CTRA	B	0.03%
	IBKR	A	0.03%
	SEIC	B	0.02%
	APA	D	0.02%
	CNM	D	0.02%
	EGP	D	0.02%
	RL	C	0.02%
	RIVN	F	0.02%
	PLNT	A	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	MTZ	B	0.02%
	CHE	D	0.02%
	CR	A	0.02%
	LNW	F	0.02%
	CPB	D	0.02%
	FYBR	C	0.02%
	GLOB	B	0.02%
	HRL	D	0.02%
	NYT	D	0.02%
	CBSH	B	0.02%
	ITCI	C	0.02%
	KNX	C	0.02%
	HAS	D	0.02%
	MGM	D	0.02%
	AOS	F	0.02%
	OGE	A	0.02%
	ROKU	D	0.02%
	AR	B	0.02%
	RBC	A	0.02%
	WCC	B	0.02%
	EXAS	D	0.02%
	GMED	A	0.02%
	AXTA	B	0.02%
	RGLD	C	0.02%
	TFX	F	0.02%
	SMCI	F	0.02%
	DCI	B	0.02%
	WMS	F	0.02%
	FRT	B	0.02%
	SOLV	D	0.02%
	WYNN	C	0.02%
	BRBR	A	0.02%
	TKO	A	0.02%
	INGR	C	0.02%
	WING	D	0.02%
	CNH	C	0.02%
	AAL	B	0.02%
	SRPT	F	0.02%
	HLI	A	0.02%
	PNFP	B	0.02%
	CRL	D	0.02%
	WAL	B	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	PR	B	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	WTRG	B	0.02%
	ALLY	C	0.02%
	ARMK	B	0.02%
	EXEL	B	0.02%
	MUSA	B	0.02%
	EXP	B	0.02%
	NLY	C	0.02%
	LKQ	F	0.02%
	GME	C	0.02%
	DTM	A	0.02%
	AYI	B	0.02%
	KNSL	B	0.02%
	ALSN	B	0.02%
	WWD	C	0.02%
	LAD	A	0.02%
	CACI	D	0.02%
	WBS	A	0.02%
	PNW	A	0.02%
	FOXA	A	0.02%
	TECH	F	0.02%
	CAVA	B	0.02%
	GNRC	C	0.02%
	EVR	B	0.02%
	CTLT	C	0.02%
	FND	D	0.02%
	NWSA	A	0.02%
	AA	A	0.02%
	TAP	C	0.02%
	ATR	B	0.02%
	CG	B	0.02%
	LW	C	0.02%
	LAMR	C	0.02%
	RRX	B	0.02%
	DUOL	A	0.02%
	AIZ	A	0.02%
	FHN	A	0.02%
	OWL	A	0.02%
	NCLH	B	0.02%
	SF	B	0.02%
	BJ	A	0.02%
	UHS	D	0.02%
	NBIX	C	0.02%
	OVV	B	0.02%
	BWXT	B	0.02%
	OKTA	C	0.02%
	BMRN	F	0.02%
	HEI	A	0.02%
	EMN	C	0.02%
	INCY	C	0.02%
	ALB	B	0.02%
	WPC	C	0.02%
	BXP	C	0.02%
	FTI	A	0.02%
	KMX	B	0.02%
	COHR	B	0.02%
	CPT	B	0.02%
	GLPI	C	0.02%
	AMH	C	0.02%
	CHRW	B	0.02%
	BG	D	0.02%
	TPR	B	0.02%
	AFRM	A	0.02%
	SWKS	F	0.02%
	RVTY	F	0.02%
	CW	C	0.02%
	APLS	F	0.01%
	CACC	D	0.01%
	FIVN	C	0.01%
	CC	C	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	MAN	F	0.01%
	TDC	D	0.01%
	VIRT	A	0.01%
	NSA	C	0.01%
	SAM	C	0.01%
	LLYVK	A	0.01%
	PK	C	0.01%
	SNRE	D	0.01%
	RNG	C	0.01%
	WU	F	0.01%
	AMTM	D	0.01%
	ZI	D	0.01%
	WEN	D	0.01%
	EPR	C	0.01%
	PENN	C	0.01%
	YETI	D	0.01%
	SMG	C	0.01%
	VAC	C	0.01%
	HUN	F	0.01%
	BHF	C	0.01%
	ZG	A	0.01%
	NCNO	C	0.01%
	PII	F	0.01%
	NVST	B	0.01%
	IAC	F	0.01%
	ACHC	F	0.01%
	HIW	C	0.01%
	FHB	B	0.01%
	IRDM	D	0.01%
	SPR	D	0.01%
	XRAY	F	0.01%
	TNL	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	NWS	A	0.01%
	DNB	B	0.01%
	NWL	C	0.01%
	DXC	B	0.01%
	NEU	D	0.01%
	MDU	D	0.01%
	RARE	F	0.01%
	MSM	C	0.01%
	LINE	F	0.01%
	PEGA	B	0.01%
	DLB	B	0.01%
	WLK	D	0.01%
	HOG	D	0.01%
	MSGS	A	0.01%
	GFS	C	0.01%
	GTES	A	0.01%
	AN	C	0.01%
	GAP	C	0.01%
	RYN	D	0.01%
	PSN	D	0.01%
	KRC	B	0.01%
	KMPR	A	0.01%
	EEFT	B	0.01%
	RH	C	0.01%
	AGO	B	0.01%
	TKR	D	0.01%
	LOPE	C	0.01%
	CUZ	B	0.01%
	FIVE	F	0.01%
	OLN	F	0.01%
	HCP	B	0.01%
	ROIV	C	0.01%
	ST	F	0.01%
	WTM	A	0.01%
	BYD	B	0.01%
	AVT	C	0.01%
	HXL	F	0.01%
	AL	B	0.01%
	UGI	C	0.01%
	U	C	0.01%
	CIVI	D	0.01%
	BROS	A	0.01%
	OZK	B	0.01%
	AM	A	0.01%
	CLF	F	0.01%
	VNOM	A	0.01%
	VKTX	F	0.01%
	NXST	C	0.01%
	CCCS	B	0.01%
	SEE	C	0.01%
	IONS	F	0.01%
	POST	C	0.01%
	TPG	A	0.01%
	NFG	A	0.01%
	SLM	A	0.01%
	RITM	C	0.01%
	PATH	C	0.01%
	VVV	D	0.01%
	LITE	B	0.01%
	BRKR	D	0.01%
	FOX	A	0.01%
	OLLI	D	0.01%
	LFUS	D	0.01%
	THG	A	0.01%
	STWD	C	0.01%
	VNT	C	0.01%
	WFRD	D	0.01%
	BFAM	D	0.01%
	AMG	B	0.01%
	AGCO	D	0.01%
	LAZ	B	0.01%
	FNB	A	0.01%
	DOCS	C	0.01%
	WBA	F	0.01%
	UHAL	D	0.01%
	ARW	D	0.01%
	BEN	C	0.01%
	COLD	D	0.01%
	FOUR	A	0.01%
	QRVO	F	0.01%
	ESI	B	0.01%
	KD	B	0.01%
	COLB	B	0.01%
	NOV	C	0.01%
	ELF	C	0.01%
	SITE	F	0.01%
	WSC	F	0.01%
	OMF	A	0.01%
	SIRI	C	0.01%
	IVZ	B	0.01%
	LSTR	D	0.01%
	MSA	F	0.01%
	BSY	F	0.01%
	CFLT	B	0.01%
	AZPN	A	0.01%
	HR	B	0.01%
	VMI	B	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	BPOP	C	0.01%
	STAG	D	0.01%
	LSCC	D	0.01%
	MTDR	B	0.01%
	DINO	D	0.01%
	DAR	C	0.01%
	GXO	B	0.01%
	CGNX	D	0.01%
	MTSI	B	0.01%
	R	B	0.01%
	FR	D	0.01%
	MASI	B	0.01%
	FRPT	A	0.01%
	ESTC	C	0.01%
	RGEN	D	0.01%
	GNTX	C	0.01%
	OSK	C	0.01%
	ESAB	C	0.01%
	GTLB	B	0.01%
	AGNC	C	0.01%
	LPX	B	0.01%
	S	B	0.01%
	VNO	C	0.01%
	CART	C	0.01%
	PCOR	B	0.01%
	RYAN	A	0.01%
	WH	B	0.01%
	MHK	D	0.01%
	RLI	A	0.01%
	COKE	C	0.01%
	KEX	B	0.01%
	PB	B	0.01%
	SMAR	B	0.01%
	HII	F	0.01%
	JAZZ	B	0.01%
	ADC	A	0.01%
	WEX	D	0.01%
	OLED	F	0.01%
	SSD	F	0.01%
	ONTO	F	0.01%
	BERY	C	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	ENPH	F	0.01%
	FLS	B	0.01%
	CHRD	D	0.01%
	MTCH	D	0.01%
	CZR	F	0.01%
	X	B	0.01%
	KBR	F	0.01%
	CE	F	0.01%
	APG	B	0.01%
	DVA	C	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	GRAL	B	0.0%
	UWMC	D	0.0%
	SEB	F	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	WOLF	F	0.0%
	LOAR	B	0.0%
	TFSL	A	0.0%
	AS	A	0.0%
	CERT	F	0.0%
	PYCR	B	0.0%
	CNA	C	0.0%
	LLYVA	A	0.0%
	DDS	B	0.0%
	UI	B	0.0%
	SNDR	B	0.0%
	TXG	F	0.0%
	TRIP	F	0.0%
	LBRDA	C	0.0%
	REYN	D	0.0%
	INFA	D	0.0%
	DJT	C	0.0%
	LEG	F	0.0%
	GO	C	0.0%
	QS	F	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	D	0.0%
	FTRE	D	0.0%
	CAR	C	0.0%
	BIRK	D	0.0%
	LEN	D	0.0%
	FWONA	A	0.0%
	RKT	F	0.0%
	ALAB	B	0.0%
	QDEL	F	0.0%
	VSTS	C	0.0%
	UAA	C	0.0%
	CRI	F	0.0%
	KSS	F	0.0%
	LCID	F	0.0%
	PPC	C	0.0%
	LBTYA	F	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	A	0.0%
	IPGP	D	0.0%
	ADT	C	0.0%
	AAP	D	0.0%
	AZTA	D	0.0%
	HAYW	B	0.0%
	PINC	B	0.0%
	ALGM	D	0.0%
	SPB	C	0.0%
	MP	C	0.0%
	CPRI	F	0.0%
	JWN	D	0.0%
	MPW	F	0.0%
	ENOV	C	0.0%
	BOKF	B	0.0%
	DV	C	0.0%
	HHH	B	0.0%
	CXT	C	0.0%

IWB Underweight 25 Positions Relative to CDEI

	Symbol	Grade	Weight
	STX	C	-0.06%
	AIT	B	-0.03%
	RDN	D	-0.02%
	GATX	A	-0.02%
	ITRI	C	-0.02%
	BCPC	B	-0.02%
	SUM	B	-0.02%
	BPMC	B	-0.02%
	COOP	B	-0.02%
	MTH	D	-0.02%
	BMI	B	-0.02%
	RHP	B	-0.02%
	HALO	F	-0.02%
	CADE	B	-0.02%
	ONB	C	-0.02%
	EXLS	B	-0.02%
	GTLS	A	-0.02%
	CVLT	B	-0.02%
	HQY	A	-0.02%
	TNET	F	-0.01%
	FELE	B	-0.01%
	SWX	B	-0.01%
	POR	C	-0.01%
	MMS	F	-0.01%
	TENB	C	-0.01%

IWB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Software - Infrastructure Business Services Diagnostics & Research Semiconductors Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Capital Markets Aerospace & Defense Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Packaging & Containers Building Materials

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

CDEI: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Business Services Diversified Industrials Utilities - Regulated Electric Medical Devices Credit Services Diagnostics & Research Drug Manufacturers - Major Semiconductors Biotechnology Building Materials Capital Markets Insurance - Life Software - Infrastructure Asset Management Communication Equipment Discount Stores Engineering & Construction Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Natural Gas Dow Jones Component Electricity Medicine Disability Telecommunications Electronics Investment Bank Chemical Cloud Computing Financial Products Real Estate Investment Trust Work From Home Beverage