IWB vs. FEX ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to First Trust Large Cap Core AlphaDEX (FEX)

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

$330.29

Average Daily Volume

784,711

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$112.64

Average Daily Volume

18,410

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	IWB	FEX
30 Days	4.06%	7.77%
60 Days	5.31%	8.67%
90 Days	7.73%	11.26%
12 Months	33.82%	33.96%

372 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in FEX	Overlap
	AAPL	B	6.04%	0.17%	0.17%
	ABT	B	0.37%	0.09%	0.09%
	ACGL	D	0.07%	0.29%	0.07%
	ACN	B	0.41%	0.08%	0.08%
	ADM	F	0.05%	0.37%	0.05%
	ADSK	B	0.12%	0.09%	0.09%
	AEE	A	0.04%	0.36%	0.04%
	AEP	D	0.09%	0.32%	0.09%
	AFL	B	0.11%	0.34%	0.11%
	AIG	B	0.09%	0.35%	0.09%
	AJG	A	0.12%	0.18%	0.12%
	AKAM	F	0.02%	0.29%	0.02%
	ALL	B	0.1%	0.45%	0.1%
	ALLY	C	0.02%	0.34%	0.02%
	ALNY	D	0.05%	0.29%	0.05%
	AMGN	D	0.28%	0.07%	0.07%
	AMP	B	0.1%	0.31%	0.1%
	AMT	D	0.17%	0.14%	0.14%
	AMZN	C	3.48%	0.09%	0.09%
	ANET	C	0.18%	0.33%	0.18%
	AON	A	0.14%	0.09%	0.09%
	APD	A	0.13%	0.19%	0.13%
	APH	B	0.15%	0.09%	0.09%
	APO	A	0.16%	0.22%	0.16%
	APP	B	0.14%	0.97%	0.14%
	APTV	F	0.03%	0.31%	0.03%
	ARE	D	0.03%	0.15%	0.03%
	ARES	B	0.06%	0.09%	0.06%
	ATO	A	0.04%	0.36%	0.04%
	AVB	B	0.06%	0.09%	0.06%
	AVGO	D	1.38%	0.24%	0.24%
	AVY	D	0.03%	0.08%	0.03%
	AWK	D	0.05%	0.16%	0.05%
	AXON	B	0.08%	0.64%	0.08%
	AXP	A	0.3%	0.45%	0.3%
	AZO	C	0.1%	0.08%	0.08%
	BAC	A	0.59%	0.3%	0.3%
	BAH	F	0.04%	0.29%	0.04%
	BBY	D	0.04%	0.22%	0.04%
	BDX	F	0.12%	0.08%	0.08%
	BG	F	0.02%	0.4%	0.02%
	BIIB	F	0.04%	0.21%	0.04%
	BK	A	0.11%	0.46%	0.11%
	BKNG	B	0.31%	0.3%	0.3%
	BKR	C	0.08%	0.4%	0.08%
	BLD	C	0.02%	0.07%	0.02%
	BLDR	C	0.04%	0.31%	0.04%
	BLK	C	0.29%	0.09%	0.09%
	BR	A	0.05%	0.18%	0.05%
	BRK.A	B	1.59%	0.26%	0.26%
	BRO	B	0.05%	0.36%	0.05%
	BSX	C	0.24%	0.27%	0.24%
	BURL	B	0.03%	0.44%	0.03%
	C	A	0.24%	0.37%	0.24%
	CAG	D	0.02%	0.07%	0.02%
	CARR	C	0.12%	0.23%	0.12%
	CASY	B	0.03%	0.27%	0.03%
	CAT	B	0.35%	0.25%	0.25%
	CB	D	0.22%	0.34%	0.22%
	CBOE	B	0.04%	0.09%	0.04%
	CCI	D	0.08%	0.07%	0.07%
	CCL	B	0.05%	0.45%	0.05%
	CE	F	0.01%	0.23%	0.01%
	CEG	D	0.13%	0.3%	0.13%
	CF	B	0.03%	0.43%	0.03%
	CFG	B	0.04%	0.38%	0.04%
	CHTR	C	0.07%	0.3%	0.07%
	CI	D	0.17%	0.16%	0.16%
	CINF	A	0.04%	0.47%	0.04%
	CL	D	0.14%	0.15%	0.14%
	CLX	C	0.04%	0.09%	0.04%
	CMCSA	C	0.3%	0.44%	0.3%
	CMG	B	0.15%	0.09%	0.09%
	CMI	A	0.09%	0.19%	0.09%
	CMS	C	0.04%	0.25%	0.04%
	CNC	F	0.06%	0.33%	0.06%
	CNP	A	0.04%	0.36%	0.04%
	COF	B	0.13%	0.41%	0.13%
	COIN	B	0.11%	0.15%	0.11%
	COP	D	0.24%	0.46%	0.24%
	COST	B	0.74%	0.35%	0.35%
	CPAY	A	0.05%	0.2%	0.05%
	CPB	D	0.02%	0.15%	0.02%
	CPNG	D	0.05%	0.42%	0.05%
	CSCO	A	0.43%	0.27%	0.27%
	CSL	B	0.04%	0.17%	0.04%
	CSX	B	0.13%	0.26%	0.13%
	CTAS	B	0.14%	0.36%	0.14%
	CTRA	B	0.03%	0.46%	0.03%
	CTSH	B	0.07%	0.42%	0.07%
	CTVA	B	0.07%	0.16%	0.07%
	CVNA	B	0.05%	0.48%	0.05%
	CVS	D	0.12%	0.38%	0.12%
	CVX	B	0.51%	0.46%	0.46%
	D	C	0.09%	0.25%	0.09%
	DAL	B	0.08%	0.53%	0.08%
	DASH	A	0.11%	0.41%	0.11%
	DD	D	0.06%	0.16%	0.06%
	DE	B	0.19%	0.25%	0.19%
	DECK	A	0.05%	0.19%	0.05%
	DELL	C	0.07%	0.19%	0.07%
	DG	F	0.03%	0.31%	0.03%
	DGX	B	0.03%	0.35%	0.03%
	DHI	D	0.09%	0.36%	0.09%
	DIS	B	0.39%	0.2%	0.2%
	DOC	C	0.03%	0.15%	0.03%
	DOV	A	0.05%	0.09%	0.05%
	DOW	F	0.06%	0.21%	0.06%
	DRI	B	0.04%	0.17%	0.04%
	DTE	C	0.05%	0.32%	0.05%
	DUK	C	0.16%	0.33%	0.16%
	DVN	F	0.04%	0.42%	0.04%
	EBAY	C	0.06%	0.32%	0.06%
	ECL	D	0.11%	0.16%	0.11%
	ED	D	0.06%	0.31%	0.06%
	EFX	D	0.06%	0.21%	0.06%
	EG	C	0.03%	0.4%	0.03%
	EIX	A	0.06%	0.25%	0.06%
	ELV	F	0.17%	0.2%	0.17%
	EME	B	0.04%	0.49%	0.04%
	EMR	A	0.13%	0.1%	0.1%
	EOG	C	0.14%	0.47%	0.14%
	EQIX	A	0.16%	0.09%	0.09%
	EQR	B	0.05%	0.25%	0.05%
	EQT	B	0.05%	0.41%	0.05%
	ESS	B	0.04%	0.09%	0.04%
	ETN	A	0.26%	0.18%	0.18%
	ETR	B	0.06%	0.38%	0.06%
	EXC	D	0.07%	0.33%	0.07%
	EXPD	C	0.03%	0.08%	0.03%
	EXPE	B	0.04%	0.52%	0.04%
	EXR	C	0.06%	0.15%	0.06%
	F	C	0.08%	0.45%	0.08%
	FANG	F	0.06%	0.45%	0.06%
	FCNCA	B	0.05%	0.4%	0.05%
	FCX	F	0.11%	0.07%	0.07%
	FDX	B	0.12%	0.37%	0.12%
	FE	D	0.04%	0.16%	0.04%
	FI	A	0.22%	0.4%	0.22%
	FICO	B	0.1%	0.5%	0.1%
	FITB	B	0.06%	0.28%	0.06%
	FNF	B	0.03%	0.17%	0.03%
	FOXA	C	0.02%	0.45%	0.02%
	FSLR	F	0.04%	0.27%	0.04%
	FTNT	C	0.11%	0.3%	0.11%
	FTV	B	0.05%	0.16%	0.05%
	GD	F	0.14%	0.16%	0.14%
	GDDY	B	0.05%	0.4%	0.05%
	GE	D	0.36%	0.32%	0.32%
	GEHC	F	0.07%	0.07%	0.07%
	GEN	A	0.03%	0.36%	0.03%
	GIS	D	0.07%	0.22%	0.07%
	GLPI	B	0.02%	0.08%	0.02%
	GM	B	0.12%	0.53%	0.12%
	GOOGL	C	1.87%	0.09%	0.09%
	GPC	D	0.03%	0.23%	0.03%
	GRMN	A	0.06%	0.3%	0.06%
	GS	B	0.35%	0.5%	0.35%
	GWW	A	0.09%	0.29%	0.09%
	HAL	C	0.05%	0.44%	0.05%
	HBAN	B	0.05%	0.41%	0.05%
	HCA	F	0.12%	0.35%	0.12%
	HD	A	0.75%	0.09%	0.09%
	HEI	B	0.02%	0.44%	0.02%
	HEI	B	0.03%	0.44%	0.03%
	HIG	B	0.06%	0.34%	0.06%
	HLT	A	0.11%	0.27%	0.11%
	HOLX	D	0.03%	0.16%	0.03%
	HOOD	B	0.04%	0.38%	0.04%
	HPE	B	0.05%	0.44%	0.05%
	HPQ	B	0.07%	0.09%	0.07%
	HRL	D	0.02%	0.24%	0.02%
	HSY	F	0.05%	0.15%	0.05%
	HUBB	B	0.04%	0.18%	0.04%
	HUM	C	0.06%	0.22%	0.06%
	HWM	B	0.08%	0.48%	0.08%
	IBM	C	0.35%	0.32%	0.32%
	ICE	D	0.16%	0.25%	0.16%
	IEX	B	0.03%	0.18%	0.03%
	INTC	C	0.19%	0.36%	0.19%
	IP	B	0.04%	0.4%	0.04%
	IQV	F	0.06%	0.07%	0.06%
	IR	A	0.08%	0.18%	0.08%
	IRM	C	0.06%	0.41%	0.06%
	ISRG	C	0.34%	0.27%	0.27%
	IT	C	0.07%	0.17%	0.07%
	J	F	0.03%	0.18%	0.03%
	JBHT	C	0.03%	0.27%	0.03%
	JCI	C	0.1%	0.09%	0.09%
	JNJ	D	0.69%	0.24%	0.24%
	JPM	B	1.3%	0.3%	0.3%
	KDP	D	0.07%	0.21%	0.07%
	KEY	A	0.03%	0.19%	0.03%
	KEYS	B	0.05%	0.16%	0.05%
	KHC	D	0.05%	0.22%	0.05%
	KIM	A	0.03%	0.18%	0.03%
	KKR	B	0.19%	0.49%	0.19%
	KLAC	F	0.15%	0.07%	0.07%
	KMB	C	0.08%	0.08%	0.08%
	KMI	B	0.1%	0.43%	0.1%
	KO	D	0.44%	0.15%	0.15%
	KR	A	0.07%	0.34%	0.07%
	L	B	0.03%	0.36%	0.03%
	LEN	C	0.0%	0.38%	0.0%
	LEN	C	0.07%	0.38%	0.07%
	LH	B	0.04%	0.18%	0.04%
	LHX	C	0.09%	0.17%	0.09%
	LII	A	0.04%	0.35%	0.04%
	LLY	F	1.1%	0.14%	0.14%
	LMT	D	0.21%	0.08%	0.08%
	LNG	B	0.09%	0.4%	0.09%
	LNT	A	0.03%	0.26%	0.03%
	LOW	C	0.28%	0.08%	0.08%
	LUV	B	0.04%	0.28%	0.04%
	LVS	C	0.03%	0.17%	0.03%
	LYB	F	0.04%	0.37%	0.04%
	LYV	A	0.04%	0.41%	0.04%
	MA	B	0.8%	0.09%	0.09%
	MAA	B	0.03%	0.17%	0.03%
	MANH	C	0.03%	0.25%	0.03%
	MAR	A	0.12%	0.1%	0.1%
	MAS	C	0.03%	0.08%	0.03%
	MCD	D	0.39%	0.08%	0.08%
	MCO	A	0.14%	0.25%	0.14%
	MDLZ	F	0.16%	0.15%	0.15%
	MDT	D	0.21%	0.16%	0.16%
	MET	A	0.09%	0.09%	0.09%
	META	D	2.24%	0.33%	0.33%
	MKC	D	0.03%	0.08%	0.03%
	MKL	A	0.04%	0.09%	0.04%
	MMC	A	0.2%	0.08%	0.08%
	MO	A	0.18%	0.09%	0.09%
	MOH	F	0.03%	0.14%	0.03%
	MPC	F	0.1%	0.42%	0.1%
	MPWR	F	0.05%	0.11%	0.05%
	MS	B	0.29%	0.33%	0.29%
	MSCI	C	0.08%	0.09%	0.08%
	MSI	C	0.15%	0.37%	0.15%
	MSTR	C	0.1%	0.19%	0.1%
	MTB	B	0.07%	0.41%	0.07%
	MU	D	0.2%	0.08%	0.08%
	NDAQ	A	0.06%	0.19%	0.06%
	NDSN	B	0.03%	0.08%	0.03%
	NEE	D	0.29%	0.31%	0.29%
	NFLX	B	0.65%	0.3%	0.3%
	NI	A	0.03%	0.36%	0.03%
	NKE	F	0.17%	0.14%	0.14%
	NOC	D	0.13%	0.08%	0.08%
	NOW	B	0.38%	0.29%	0.29%
	NRG	C	0.04%	0.43%	0.04%
	NSC	A	0.11%	0.09%	0.09%
	NTAP	C	0.04%	0.16%	0.04%
	NTRS	A	0.04%	0.31%	0.04%
	NUE	D	0.06%	0.41%	0.06%
	NVDA	C	6.14%	0.29%	0.29%
	NVR	D	0.05%	0.23%	0.05%
	NWSA	B	0.02%	0.18%	0.02%
	O	D	0.09%	0.15%	0.09%
	OC	B	0.03%	0.47%	0.03%
	ODFL	B	0.08%	0.09%	0.08%
	OKE	C	0.12%	0.31%	0.12%
	OMC	C	0.03%	0.16%	0.03%
	ON	C	0.05%	0.39%	0.05%
	ORCL	C	0.53%	0.37%	0.37%
	ORLY	B	0.13%	0.09%	0.09%
	OTIS	C	0.07%	0.08%	0.07%
	OXY	F	0.06%	0.42%	0.06%
	PANW	C	0.22%	0.1%	0.1%
	PAYX	B	0.08%	0.09%	0.08%
	PCAR	B	0.11%	0.48%	0.11%
	PCG	B	0.08%	0.27%	0.08%
	PEG	A	0.08%	0.25%	0.08%
	PEP	F	0.4%	0.08%	0.08%
	PFG	C	0.04%	0.17%	0.04%
	PGR	A	0.28%	0.43%	0.28%
	PH	A	0.17%	0.37%	0.17%
	PHM	C	0.05%	0.38%	0.05%
	PKG	B	0.04%	0.28%	0.04%
	PLTR	B	0.24%	0.7%	0.24%
	PM	B	0.37%	0.37%	0.37%
	PNC	A	0.15%	0.19%	0.15%
	POOL	C	0.02%	0.08%	0.02%
	PPG	D	0.05%	0.24%	0.05%
	PPL	B	0.05%	0.26%	0.05%
	PRU	A	0.08%	0.18%	0.08%
	PSA	C	0.1%	0.24%	0.1%
	PSX	C	0.1%	0.42%	0.1%
	PWR	A	0.09%	0.47%	0.09%
	PYPL	A	0.16%	0.18%	0.16%
	RBLX	C	0.05%	0.39%	0.05%
	RCL	B	0.1%	0.55%	0.1%
	RF	B	0.04%	0.29%	0.04%
	RGA	A	0.03%	0.18%	0.03%
	RIVN	D	0.02%	0.08%	0.02%
	RJF	A	0.06%	0.23%	0.06%
	RMD	C	0.06%	0.33%	0.06%
	ROL	B	0.03%	0.08%	0.03%
	ROST	C	0.09%	0.16%	0.09%
	RPM	A	0.03%	0.1%	0.03%
	RS	B	0.03%	0.45%	0.03%
	RSG	A	0.08%	0.09%	0.08%
	RVTY	D	0.02%	0.07%	0.02%
	SBAC	D	0.04%	0.08%	0.04%
	SBUX	B	0.21%	0.09%	0.09%
	SHW	A	0.16%	0.25%	0.16%
	SLB	C	0.11%	0.44%	0.11%
	SNA	A	0.03%	0.52%	0.03%
	SO	D	0.18%	0.17%	0.17%
	SPG	C	0.11%	0.18%	0.11%
	SPGI	C	0.29%	0.25%	0.25%
	SRE	A	0.11%	0.38%	0.11%
	SSNC	A	0.03%	0.25%	0.03%
	STLD	B	0.04%	0.47%	0.04%
	STT	A	0.05%	0.28%	0.05%
	SWKS	F	0.02%	0.36%	0.02%
	SYF	A	0.05%	0.54%	0.05%
	SYK	C	0.26%	0.09%	0.09%
	SYY	C	0.07%	0.16%	0.07%
	T	A	0.3%	0.44%	0.3%
	TDG	D	0.13%	0.22%	0.13%
	TDY	B	0.04%	0.27%	0.04%
	TGT	F	0.13%	0.34%	0.13%
	THC	D	0.03%	0.39%	0.03%
	TJX	A	0.25%	0.26%	0.25%
	TMO	F	0.36%	0.07%	0.07%
	TMUS	A	0.21%	0.39%	0.21%
	TOL	A	0.03%	0.42%	0.03%
	TPL	B	0.05%	0.4%	0.05%
	TRGP	B	0.08%	0.46%	0.08%
	TROW	A	0.05%	0.46%	0.05%
	TRV	B	0.11%	0.28%	0.11%
	TSCO	C	0.05%	0.16%	0.05%
	TSLA	B	1.65%	0.22%	0.22%
	TSN	B	0.03%	0.18%	0.03%
	TT	B	0.17%	0.45%	0.17%
	TTD	B	0.1%	0.27%	0.1%
	TXT	D	0.03%	0.32%	0.03%
	TYL	A	0.05%	0.26%	0.05%
	UAL	B	0.05%	0.67%	0.05%
	UBER	D	0.27%	0.16%	0.16%
	ULTA	F	0.03%	0.31%	0.03%
	UPS	C	0.18%	0.17%	0.17%
	URI	B	0.1%	0.44%	0.1%
	USB	A	0.14%	0.28%	0.14%
	UTHR	C	0.03%	0.42%	0.03%
	VICI	C	0.06%	0.08%	0.06%
	VLO	C	0.08%	0.45%	0.08%
	VLTO	C	0.05%	0.23%	0.05%
	VRT	B	0.08%	0.52%	0.08%
	VRTX	D	0.22%	0.08%	0.08%
	VST	B	0.09%	0.52%	0.09%
	VTR	D	0.05%	0.34%	0.05%
	VTRS	B	0.03%	0.38%	0.03%
	VZ	B	0.32%	0.32%	0.32%
	WAB	B	0.06%	0.46%	0.06%
	WAT	B	0.04%	0.08%	0.04%
	WEC	A	0.06%	0.26%	0.06%
	WELL	C	0.15%	0.27%	0.15%
	WFC	A	0.48%	0.44%	0.44%
	WLK	D	0.01%	0.14%	0.01%
	WMB	B	0.13%	0.11%	0.11%
	WRB	A	0.03%	0.18%	0.03%
	WSM	B	0.03%	0.07%	0.03%
	WSO	A	0.03%	0.18%	0.03%
	WST	C	0.04%	0.09%	0.04%
	WY	D	0.04%	0.16%	0.04%
	XEL	A	0.07%	0.36%	0.07%
	XOM	C	0.99%	0.43%	0.43%
	XYL	D	0.05%	0.15%	0.05%
	ZBH	C	0.04%	0.35%	0.04%
	ZM	B	0.04%	0.29%	0.04%
	ZTS	D	0.15%	0.08%	0.08%

IWB Overweight 628 Positions Relative to FEX

	Symbol	Grade	Weight
	MSFT	D	5.7%
	GOOG	C	1.58%
	UNH	B	1.01%
	V	A	0.9%
	PG	A	0.74%
	WMT	B	0.68%
	CRM	B	0.56%
	ABBV	D	0.54%
	MRK	F	0.45%
	ADBE	C	0.41%
	LIN	D	0.4%
	AMD	F	0.4%
	INTU	C	0.35%
	TXN	D	0.34%
	QCOM	F	0.33%
	RTX	D	0.29%
	HON	B	0.28%
	UNP	C	0.27%
	DHR	D	0.27%
	AMAT	F	0.26%
	PFE	D	0.26%
	BX	B	0.24%
	ADP	B	0.23%
	SCHW	A	0.22%
	BMY	B	0.21%
	GILD	B	0.2%
	ADI	D	0.19%
	PLD	D	0.19%
	BA	D	0.18%
	GEV	C	0.17%
	LRCX	F	0.17%
	WM	A	0.16%
	MCK	C	0.15%
	CDNS	B	0.15%
	REGN	F	0.15%
	SNPS	B	0.15%
	ITW	A	0.15%
	CME	A	0.15%
	MRVL	B	0.14%
	CRWD	B	0.14%
	MMM	D	0.13%
	CRH	A	0.12%
	ABNB	C	0.11%
	DLR	A	0.11%
	ROP	B	0.11%
	TFC	B	0.11%
	WDAY	C	0.1%
	FAST	B	0.09%
	NEM	F	0.09%
	SQ	B	0.09%
	CPRT	A	0.09%
	FIS	D	0.09%
	HES	C	0.08%
	EA	C	0.08%
	DFS	B	0.08%
	AME	A	0.08%
	KVUE	A	0.08%
	GLW	B	0.07%
	MLM	B	0.07%
	VMC	B	0.07%
	A	D	0.07%
	MNST	B	0.07%
	YUM	B	0.07%
	DDOG	A	0.07%
	STZ	D	0.07%
	TEAM	B	0.07%
	LULU	C	0.07%
	SNOW	C	0.07%
	COR	C	0.07%
	CBRE	B	0.07%
	VRSK	A	0.07%
	FERG	B	0.07%
	EW	C	0.07%
	GPN	C	0.06%
	DXCM	C	0.06%
	TTWO	B	0.06%
	VEEV	B	0.06%
	WTW	B	0.06%
	ROK	B	0.06%
	HUBS	B	0.06%
	MCHP	F	0.06%
	IDXX	F	0.06%
	MTD	F	0.05%
	CHD	B	0.05%
	SW	B	0.05%
	NET	B	0.05%
	CSGP	C	0.05%
	CAH	B	0.05%
	ANSS	B	0.05%
	COO	D	0.04%
	ZBRA	A	0.04%
	MDB	C	0.04%
	INVH	D	0.04%
	WDC	C	0.04%
	K	A	0.04%
	EXE	B	0.04%
	ILMN	C	0.04%
	LDOS	D	0.04%
	ES	D	0.04%
	STE	F	0.04%
	IFF	D	0.04%
	WBD	C	0.04%
	PTC	A	0.04%
	LPLA	B	0.04%
	CDW	F	0.04%
	REG	B	0.03%
	FFIV	A	0.03%
	SOFI	B	0.03%
	SAIA	C	0.03%
	AVTR	F	0.03%
	JBL	C	0.03%
	EVRG	A	0.03%
	EWBC	B	0.03%
	ACM	A	0.03%
	UDR	B	0.03%
	ENTG	D	0.03%
	AMCR	D	0.03%
	EL	F	0.03%
	PSTG	D	0.03%
	USFD	A	0.03%
	DPZ	C	0.03%
	TW	B	0.03%
	GGG	B	0.03%
	VRSN	F	0.03%
	SUI	D	0.03%
	DT	C	0.03%
	EQH	B	0.03%
	FIX	A	0.03%
	GWRE	B	0.03%
	DOCU	A	0.03%
	MRO	B	0.03%
	TER	F	0.03%
	BAX	F	0.03%
	NTRA	B	0.03%
	TWLO	B	0.03%
	ALGN	D	0.03%
	FWONK	A	0.03%
	XPO	B	0.03%
	NTNX	B	0.03%
	PINS	F	0.03%
	TRMB	B	0.03%
	PNR	B	0.03%
	DKNG	C	0.03%
	PODD	B	0.03%
	FDS	B	0.03%
	TOST	B	0.03%
	ZS	C	0.03%
	TRU	D	0.03%
	BALL	D	0.03%
	IBKR	B	0.03%
	CFR	B	0.02%
	G	B	0.02%
	SEIC	A	0.02%
	APA	F	0.02%
	CNM	D	0.02%
	EGP	D	0.02%
	RL	B	0.02%
	PLNT	B	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	MTZ	B	0.02%
	WTFC	B	0.02%
	CHE	D	0.02%
	GPK	C	0.02%
	CR	B	0.02%
	TTC	D	0.02%
	LNW	D	0.02%
	MOS	F	0.02%
	FYBR	D	0.02%
	GLOB	B	0.02%
	NYT	C	0.02%
	CBSH	B	0.02%
	ITCI	C	0.02%
	PEN	C	0.02%
	KNX	B	0.02%
	BILL	A	0.02%
	HAS	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	MGM	F	0.02%
	AOS	D	0.02%
	ZION	B	0.02%
	OGE	A	0.02%
	ROKU	D	0.02%
	AR	B	0.02%
	RBC	B	0.02%
	BRX	A	0.02%
	REXR	F	0.02%
	HSIC	B	0.02%
	WCC	B	0.02%
	EXAS	F	0.02%
	GMED	A	0.02%
	MORN	A	0.02%
	FBIN	D	0.02%
	AAON	B	0.02%
	AXTA	A	0.02%
	RGLD	D	0.02%
	TFX	F	0.02%
	SMCI	D	0.02%
	DCI	A	0.02%
	CMA	A	0.02%
	TPX	A	0.02%
	WMS	F	0.02%
	FRT	A	0.02%
	SOLV	C	0.02%
	ORI	A	0.02%
	WYNN	D	0.02%
	BRBR	B	0.02%
	TKO	B	0.02%
	INGR	B	0.02%
	WING	F	0.02%
	CNH	A	0.02%
	AAL	B	0.02%
	SRPT	F	0.02%
	HLI	A	0.02%
	PNFP	B	0.02%
	CRL	C	0.02%
	WAL	B	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	GL	C	0.02%
	PR	C	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	MKTX	D	0.02%
	WTRG	B	0.02%
	ARMK	A	0.02%
	OHI	D	0.02%
	EXEL	A	0.02%
	AES	F	0.02%
	MUSA	B	0.02%
	AFG	A	0.02%
	EXP	B	0.02%
	CIEN	B	0.02%
	NLY	B	0.02%
	LKQ	D	0.02%
	GME	C	0.02%
	DTM	B	0.02%
	RPRX	D	0.02%
	AYI	B	0.02%
	KNSL	B	0.02%
	ALSN	B	0.02%
	IPG	C	0.02%
	PRI	A	0.02%
	WWD	B	0.02%
	LAD	B	0.02%
	CACI	D	0.02%
	WBS	B	0.02%
	PNW	B	0.02%
	CCK	D	0.02%
	TECH	C	0.02%
	CAVA	C	0.02%
	CUBE	D	0.02%
	GNRC	B	0.02%
	EVR	B	0.02%
	CTLT	B	0.02%
	FND	C	0.02%
	TTEK	F	0.02%
	AA	A	0.02%
	SJM	D	0.02%
	TAP	C	0.02%
	ATR	B	0.02%
	CG	B	0.02%
	LW	C	0.02%
	LAMR	C	0.02%
	DAY	A	0.02%
	RRX	A	0.02%
	DKS	C	0.02%
	DUOL	B	0.02%
	AIZ	B	0.02%
	FHN	B	0.02%
	OWL	B	0.02%
	NCLH	B	0.02%
	PAYC	A	0.02%
	SF	B	0.02%
	LECO	C	0.02%
	BJ	B	0.02%
	Z	B	0.02%
	UHS	D	0.02%
	NBIX	C	0.02%
	OVV	C	0.02%
	BWXT	B	0.02%
	OKTA	C	0.02%
	JNPR	F	0.02%
	BMRN	F	0.02%
	MRNA	F	0.02%
	NVT	B	0.02%
	EMN	D	0.02%
	INCY	C	0.02%
	ALB	C	0.02%
	HST	C	0.02%
	SCI	A	0.02%
	WPC	D	0.02%
	ALLE	D	0.02%
	BXP	D	0.02%
	FTI	A	0.02%
	KMX	B	0.02%
	COHR	C	0.02%
	CPT	B	0.02%
	JLL	B	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	AMH	C	0.02%
	CHRW	C	0.02%
	JKHY	D	0.02%
	CLH	B	0.02%
	PFGC	A	0.02%
	DLTR	D	0.02%
	JEF	A	0.02%
	EPAM	C	0.02%
	ELS	C	0.02%
	TPR	A	0.02%
	TXRH	A	0.02%
	AFRM	B	0.02%
	SWK	D	0.02%
	RNR	C	0.02%
	CW	B	0.02%
	APLS	D	0.01%
	CACC	D	0.01%
	FIVN	C	0.01%
	CC	C	0.01%
	COTY	F	0.01%
	AMKR	F	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	COLM	A	0.01%
	MAN	D	0.01%
	TDC	D	0.01%
	VIRT	B	0.01%
	NSA	C	0.01%
	SAM	C	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	SNRE	D	0.01%
	RNG	B	0.01%
	WU	D	0.01%
	AMTM	D	0.01%
	ZI	C	0.01%
	WEN	D	0.01%
	EPR	D	0.01%
	PENN	C	0.01%
	YETI	C	0.01%
	SMG	C	0.01%
	VAC	B	0.01%
	HUN	F	0.01%
	BHF	B	0.01%
	ZG	B	0.01%
	NCNO	B	0.01%
	PII	F	0.01%
	NVST	C	0.01%
	IAC	D	0.01%
	ACHC	F	0.01%
	HIW	D	0.01%
	FHB	B	0.01%
	IRDM	C	0.01%
	SPR	D	0.01%
	XRAY	F	0.01%
	TNL	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	NWS	B	0.01%
	DNB	B	0.01%
	NWL	A	0.01%
	DXC	B	0.01%
	NEU	C	0.01%
	MDU	F	0.01%
	ASH	F	0.01%
	RARE	F	0.01%
	MSM	C	0.01%
	LINE	F	0.01%
	PEGA	A	0.01%
	OGN	F	0.01%
	FLO	C	0.01%
	DLB	B	0.01%
	HOG	F	0.01%
	MSGS	B	0.01%
	GFS	C	0.01%
	GTES	A	0.01%
	M	D	0.01%
	CHH	A	0.01%
	AN	B	0.01%
	GAP	C	0.01%
	SLGN	A	0.01%
	RYN	C	0.01%
	PSN	D	0.01%
	KRC	C	0.01%
	KMPR	B	0.01%
	EEFT	B	0.01%
	CELH	F	0.01%
	RH	B	0.01%
	AGO	A	0.01%
	TKR	D	0.01%
	LOPE	B	0.01%
	CUZ	B	0.01%
	FIVE	D	0.01%
	OLN	F	0.01%
	HCP	B	0.01%
	ROIV	B	0.01%
	ST	F	0.01%
	WTM	A	0.01%
	BYD	B	0.01%
	AVT	C	0.01%
	HXL	D	0.01%
	AL	A	0.01%
	APPF	B	0.01%
	SON	D	0.01%
	UGI	A	0.01%
	U	C	0.01%
	CIVI	D	0.01%
	BROS	B	0.01%
	OZK	B	0.01%
	INSP	D	0.01%
	AM	B	0.01%
	CLF	F	0.01%
	VNOM	B	0.01%
	VKTX	F	0.01%
	NXST	C	0.01%
	CCCS	A	0.01%
	SEE	C	0.01%
	IONS	F	0.01%
	LEA	F	0.01%
	POST	B	0.01%
	TPG	B	0.01%
	CRUS	F	0.01%
	NFG	B	0.01%
	SLM	B	0.01%
	RITM	C	0.01%
	PATH	C	0.01%
	VVV	F	0.01%
	LITE	B	0.01%
	BC	C	0.01%
	BRKR	F	0.01%
	THO	B	0.01%
	FOX	B	0.01%
	JHG	A	0.01%
	ETSY	D	0.01%
	OLLI	C	0.01%
	LFUS	D	0.01%
	IDA	B	0.01%
	PVH	C	0.01%
	THG	C	0.01%
	STWD	C	0.01%
	VNT	C	0.01%
	WFRD	F	0.01%
	CROX	F	0.01%
	BFAM	F	0.01%
	AMG	B	0.01%
	AGCO	D	0.01%
	WHR	B	0.01%
	LAZ	B	0.01%
	FNB	B	0.01%
	DOCS	C	0.01%
	WBA	D	0.01%
	UHAL	D	0.01%
	ARW	D	0.01%
	BIO	D	0.01%
	BEN	C	0.01%
	LNC	B	0.01%
	COLD	F	0.01%
	FOUR	B	0.01%
	PARA	C	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	ESI	B	0.01%
	LYFT	C	0.01%
	SAIC	F	0.01%
	KD	B	0.01%
	COLB	B	0.01%
	NOV	C	0.01%
	MTG	B	0.01%
	ELF	C	0.01%
	SITE	C	0.01%
	WSC	D	0.01%
	OMF	A	0.01%
	SIRI	C	0.01%
	IVZ	B	0.01%
	LSTR	B	0.01%
	MSA	C	0.01%
	DBX	C	0.01%
	BSY	D	0.01%
	CFLT	B	0.01%
	AZPN	A	0.01%
	AWI	B	0.01%
	HR	B	0.01%
	AZEK	B	0.01%
	VMI	A	0.01%
	FAF	B	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	BPOP	B	0.01%
	STAG	D	0.01%
	LSCC	D	0.01%
	FMC	D	0.01%
	MTN	C	0.01%
	H	A	0.01%
	MTDR	C	0.01%
	DINO	F	0.01%
	DAR	C	0.01%
	GXO	B	0.01%
	ELAN	F	0.01%
	CGNX	C	0.01%
	MTSI	B	0.01%
	FCN	D	0.01%
	ALK	A	0.01%
	R	B	0.01%
	FR	C	0.01%
	ATI	D	0.01%
	MASI	A	0.01%
	MKSI	C	0.01%
	FRPT	B	0.01%
	ESTC	C	0.01%
	RGEN	D	0.01%
	GNTX	C	0.01%
	OSK	B	0.01%
	ESAB	B	0.01%
	GTLB	C	0.01%
	AGNC	D	0.01%
	VFC	C	0.01%
	LPX	B	0.01%
	BBWI	C	0.01%
	S	B	0.01%
	MIDD	B	0.01%
	VNO	B	0.01%
	CART	C	0.01%
	PCOR	B	0.01%
	RYAN	A	0.01%
	WH	A	0.01%
	MHK	D	0.01%
	RLI	A	0.01%
	COKE	C	0.01%
	TREX	C	0.01%
	KEX	B	0.01%
	PB	B	0.01%
	SMAR	A	0.01%
	HII	F	0.01%
	JAZZ	B	0.01%
	ADC	B	0.01%
	WEX	F	0.01%
	RHI	C	0.01%
	OLED	F	0.01%
	SSD	C	0.01%
	ONTO	F	0.01%
	BERY	B	0.01%
	NNN	D	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	ENPH	F	0.01%
	MEDP	F	0.01%
	FLS	A	0.01%
	CHRD	F	0.01%
	SKX	D	0.01%
	MTCH	F	0.01%
	SNV	B	0.01%
	CZR	D	0.01%
	X	C	0.01%
	KBR	F	0.01%
	BWA	C	0.01%
	APG	B	0.01%
	DVA	B	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	C	0.0%
	GRAL	C	0.0%
	UWMC	F	0.0%
	SEB	F	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	WOLF	F	0.0%
	LOAR	B	0.0%
	TFSL	B	0.0%
	CWEN	C	0.0%
	AS	B	0.0%
	CERT	D	0.0%
	PYCR	C	0.0%
	CNA	B	0.0%
	LLYVA	A	0.0%
	DDS	B	0.0%
	UI	A	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	D	0.0%
	GO	C	0.0%
	QS	F	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	F	0.0%
	FTRE	C	0.0%
	CAR	C	0.0%
	BIRK	C	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	A	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	F	0.0%
	IPGP	D	0.0%
	ADT	B	0.0%
	AAP	C	0.0%
	AZTA	D	0.0%
	CWEN	C	0.0%
	HAYW	B	0.0%
	PINC	B	0.0%
	ALGM	D	0.0%
	SPB	C	0.0%
	MP	A	0.0%
	CPRI	F	0.0%
	JWN	A	0.0%
	AGR	B	0.0%
	MPW	F	0.0%
	ENOV	C	0.0%
	BOKF	B	0.0%
	DV	C	0.0%
	HHH	B	0.0%
	CXT	B	0.0%

IWB Underweight 3 Positions Relative to FEX

	Symbol	Grade	Weight
	CRBG	B	-0.36%
	ERIE	D	-0.32%
	STX	D	-0.22%

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

FEX: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Software - Application Asset Management Specialty Retail Banks - Regional - US Business Services Diversified Industrials Insurance - Property & Casualty Aerospace & Defense Oil & Gas E&P Capital Markets Diagnostics & Research Health Care Plans Packaged Foods Semiconductors Specialty Chemicals Telecom Services Utilities - Diversified Credit Services Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Electricity Computing Dow Jones Component Electronics Bank Insurance Products Telecommunications Banking Aerospace Chemical Investment Bank Real Estate Investment Trust Transport IBD 50 Medicine Disability