IWB vs. UDIV ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

$330.32

Average Daily Volume

791,576

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.64

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	IWB	UDIV
30 Days	3.82%	2.89%
60 Days	5.33%	4.78%
90 Days	7.10%	6.71%
12 Months	33.41%	35.02%

272 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in UDIV	Overlap
	AAPL	C	6.04%	6.17%	6.04%
	ABBV	D	0.54%	0.97%	0.54%
	ABT	B	0.37%	0.48%	0.37%
	ACN	C	0.41%	0.45%	0.41%
	ADBE	C	0.41%	0.35%	0.35%
	ADI	D	0.19%	0.52%	0.19%
	ADP	B	0.23%	0.13%	0.13%
	AEE	A	0.04%	0.03%	0.03%
	AEP	D	0.09%	0.29%	0.09%
	AES	F	0.02%	0.06%	0.02%
	AGR	B	0.0%	0.02%	0.0%
	ALL	A	0.1%	0.1%	0.1%
	AMAT	F	0.26%	0.38%	0.26%
	AMCR	D	0.03%	0.09%	0.03%
	AMD	F	0.4%	0.43%	0.4%
	AMGN	D	0.28%	0.62%	0.28%
	AMT	D	0.17%	0.35%	0.17%
	AMZN	C	3.48%	3.48%	3.48%
	ANET	C	0.18%	0.28%	0.18%
	APA	D	0.02%	0.06%	0.02%
	APD	A	0.13%	0.18%	0.13%
	APH	A	0.15%	0.05%	0.05%
	APO	B	0.16%	0.4%	0.16%
	ARE	D	0.03%	0.1%	0.03%
	ARES	A	0.06%	0.18%	0.06%
	AVB	B	0.06%	0.18%	0.06%
	AVGO	D	1.38%	1.72%	1.38%
	AXON	A	0.08%	0.08%	0.08%
	BAC	A	0.59%	0.65%	0.59%
	BAX	D	0.03%	0.09%	0.03%
	BBY	D	0.04%	0.11%	0.04%
	BEN	C	0.01%	0.04%	0.01%
	BK	A	0.11%	0.33%	0.11%
	BKR	B	0.08%	0.18%	0.08%
	BLK	C	0.29%	0.87%	0.29%
	BMY	B	0.21%	0.69%	0.21%
	BR	A	0.05%	0.11%	0.05%
	BSY	D	0.01%	0.01%	0.01%
	BX	A	0.24%	0.76%	0.24%
	BXP	D	0.02%	0.07%	0.02%
	C	A	0.24%	0.82%	0.24%
	CAG	D	0.02%	0.07%	0.02%
	CAH	B	0.05%	0.02%	0.02%
	CAT	B	0.35%	0.1%	0.1%
	CCI	D	0.08%	0.24%	0.08%
	CDNS	B	0.15%	0.14%	0.14%
	CFG	B	0.04%	0.13%	0.04%
	CG	A	0.02%	0.07%	0.02%
	CINF	A	0.04%	0.14%	0.04%
	CLX	B	0.04%	0.12%	0.04%
	CMCSA	B	0.3%	0.36%	0.3%
	CME	A	0.15%	0.46%	0.15%
	CMG	B	0.15%	0.12%	0.12%
	CMI	A	0.09%	0.3%	0.09%
	CMS	C	0.04%	0.11%	0.04%
	CNH	C	0.02%	0.06%	0.02%
	COIN	C	0.11%	0.13%	0.11%
	COP	C	0.24%	0.25%	0.24%
	COST	B	0.74%	0.26%	0.26%
	CPB	D	0.02%	0.05%	0.02%
	CPT	B	0.02%	0.07%	0.02%
	CRM	B	0.56%	0.51%	0.51%
	CRWD	B	0.14%	0.3%	0.14%
	CSCO	B	0.43%	0.86%	0.43%
	CTRA	B	0.03%	0.12%	0.03%
	CVS	D	0.12%	0.39%	0.12%
	CVX	A	0.51%	1.12%	0.51%
	D	C	0.09%	0.27%	0.09%
	DASH	A	0.11%	0.11%	0.11%
	DDOG	A	0.07%	0.09%	0.07%
	DELL	C	0.07%	0.1%	0.07%
	DFS	B	0.08%	0.14%	0.08%
	DG	F	0.03%	0.03%	0.03%
	DIS	B	0.39%	0.13%	0.13%
	DLR	B	0.11%	0.32%	0.11%
	DOC	D	0.03%	0.09%	0.03%
	DOW	F	0.06%	0.19%	0.06%
	DRI	B	0.04%	0.12%	0.04%
	DT	C	0.03%	0.02%	0.02%
	DTE	C	0.05%	0.14%	0.05%
	DUK	C	0.16%	0.49%	0.16%
	DVN	F	0.04%	0.16%	0.04%
	EBAY	D	0.06%	0.13%	0.06%
	ED	D	0.06%	0.19%	0.06%
	EIX	B	0.06%	0.19%	0.06%
	EL	F	0.03%	0.09%	0.03%
	ELS	C	0.02%	0.07%	0.02%
	EMN	D	0.02%	0.07%	0.02%
	EMR	A	0.13%	0.22%	0.13%
	ENTG	D	0.03%	0.04%	0.03%
	EOG	A	0.14%	0.07%	0.07%
	EQIX	A	0.16%	0.21%	0.16%
	EQR	B	0.05%	0.14%	0.05%
	ES	D	0.04%	0.12%	0.04%
	ESS	B	0.04%	0.11%	0.04%
	ETN	A	0.26%	0.41%	0.26%
	ETR	B	0.06%	0.18%	0.06%
	EVRG	A	0.03%	0.08%	0.03%
	EWBC	A	0.03%	0.09%	0.03%
	EXC	C	0.07%	0.22%	0.07%
	EXR	D	0.06%	0.2%	0.06%
	F	C	0.08%	0.27%	0.08%
	FANG	D	0.06%	0.21%	0.06%
	FAST	B	0.09%	0.27%	0.09%
	FDX	B	0.12%	0.08%	0.08%
	FE	C	0.04%	0.12%	0.04%
	FIS	C	0.09%	0.02%	0.02%
	FITB	A	0.06%	0.19%	0.06%
	FNF	B	0.03%	0.09%	0.03%
	GD	F	0.14%	0.06%	0.06%
	GEN	B	0.03%	0.07%	0.03%
	GILD	C	0.2%	0.63%	0.2%
	GIS	D	0.07%	0.2%	0.07%
	GLW	B	0.07%	0.21%	0.07%
	GOOG	C	1.58%	1.73%	1.58%
	GOOGL	C	1.87%	1.92%	1.87%
	GPC	D	0.03%	0.11%	0.03%
	GRMN	B	0.06%	0.18%	0.06%
	GS	A	0.35%	0.44%	0.35%
	HBAN	A	0.05%	0.16%	0.05%
	HD	A	0.75%	1.06%	0.75%
	HON	B	0.28%	0.18%	0.18%
	HPE	B	0.05%	0.1%	0.05%
	HPQ	B	0.07%	0.23%	0.07%
	HRL	D	0.02%	0.05%	0.02%
	HST	C	0.02%	0.07%	0.02%
	HUBB	B	0.04%	0.06%	0.04%
	HUBS	A	0.06%	0.06%	0.06%
	IBM	C	0.35%	0.81%	0.35%
	IFF	D	0.04%	0.13%	0.04%
	INTC	D	0.19%	0.41%	0.19%
	INTU	C	0.35%	0.47%	0.35%
	INVH	D	0.04%	0.12%	0.04%
	IP	B	0.04%	0.12%	0.04%
	IPG	D	0.02%	0.06%	0.02%
	IRM	D	0.06%	0.17%	0.06%
	ISRG	A	0.34%	0.14%	0.14%
	ITW	B	0.15%	0.43%	0.15%
	JCI	C	0.1%	0.23%	0.1%
	JNJ	D	0.69%	1.16%	0.69%
	JNPR	F	0.02%	0.07%	0.02%
	JPM	A	1.3%	1.35%	1.3%
	K	A	0.04%	0.12%	0.04%
	KEY	B	0.03%	0.11%	0.03%
	KHC	F	0.05%	0.16%	0.05%
	KIM	A	0.03%	0.1%	0.03%
	KKR	A	0.19%	0.16%	0.16%
	KLAC	D	0.15%	0.3%	0.15%
	KMB	D	0.08%	0.26%	0.08%
	KMI	A	0.1%	0.32%	0.1%
	KO	D	0.44%	0.74%	0.44%
	KVUE	A	0.08%	0.23%	0.08%
	LIN	D	0.4%	0.14%	0.14%
	LKQ	D	0.02%	0.06%	0.02%
	LLY	F	1.1%	1.21%	1.1%
	LNT	A	0.03%	0.09%	0.03%
	LOW	D	0.28%	0.27%	0.27%
	LRCX	F	0.17%	0.34%	0.17%
	LUV	C	0.04%	0.11%	0.04%
	LVS	C	0.03%	0.08%	0.03%
	LYB	F	0.04%	0.13%	0.04%
	MA	C	0.8%	0.23%	0.23%
	MAA	B	0.03%	0.1%	0.03%
	MCD	D	0.39%	0.23%	0.23%
	MCHP	D	0.06%	0.2%	0.06%
	MDB	C	0.04%	0.05%	0.04%
	MDT	D	0.21%	0.56%	0.21%
	MET	A	0.09%	0.11%	0.09%
	META	D	2.24%	2.13%	2.13%
	MMM	D	0.13%	0.36%	0.13%
	MO	A	0.18%	0.56%	0.18%
	MPWR	F	0.05%	0.12%	0.05%
	MRK	F	0.45%	0.71%	0.45%
	MRVL	B	0.14%	0.12%	0.12%
	MS	A	0.29%	0.94%	0.29%
	MSCI	C	0.08%	0.23%	0.08%
	MSFT	F	5.7%	6.07%	5.7%
	MTB	A	0.07%	0.22%	0.07%
	MU	D	0.2%	0.2%	0.2%
	NEE	D	0.29%	0.11%	0.11%
	NEM	D	0.09%	0.01%	0.01%
	NET	B	0.05%	0.06%	0.05%
	NFLX	A	0.65%	0.64%	0.64%
	NI	A	0.03%	0.09%	0.03%
	NKE	D	0.17%	0.13%	0.13%
	NOW	A	0.38%	0.47%	0.38%
	NSC	B	0.11%	0.07%	0.07%
	NTAP	C	0.04%	0.14%	0.04%
	NTRS	A	0.04%	0.13%	0.04%
	NVDA	C	6.14%	6.83%	6.14%
	O	D	0.09%	0.28%	0.09%
	OKE	A	0.12%	0.38%	0.12%
	OKTA	C	0.02%	0.02%	0.02%
	OMC	C	0.03%	0.11%	0.03%
	ORCL	B	0.53%	0.5%	0.5%
	PANW	C	0.22%	0.27%	0.22%
	PAYX	C	0.08%	0.26%	0.08%
	PEG	A	0.08%	0.16%	0.08%
	PEP	F	0.4%	0.57%	0.4%
	PFE	D	0.26%	0.66%	0.26%
	PFG	D	0.04%	0.12%	0.04%
	PG	A	0.74%	0.78%	0.74%
	PKG	A	0.04%	0.12%	0.04%
	PLD	D	0.19%	0.43%	0.19%
	PLTR	B	0.24%	0.31%	0.24%
	PM	B	0.37%	0.86%	0.37%
	PNC	B	0.15%	0.5%	0.15%
	PPL	B	0.05%	0.14%	0.05%
	PRU	A	0.08%	0.28%	0.08%
	PSA	D	0.1%	0.29%	0.1%
	PSX	C	0.1%	0.22%	0.1%
	QCOM	F	0.33%	0.74%	0.33%
	REG	B	0.03%	0.07%	0.03%
	RF	A	0.04%	0.15%	0.04%
	ROK	B	0.06%	0.2%	0.06%
	RPRX	D	0.02%	0.04%	0.02%
	RTX	C	0.29%	0.18%	0.18%
	SBUX	A	0.21%	0.3%	0.21%
	SIRI	C	0.01%	0.01%	0.01%
	SJM	D	0.02%	0.07%	0.02%
	SLB	C	0.11%	0.06%	0.06%
	SMCI	F	0.02%	0.03%	0.02%
	SNA	A	0.03%	0.11%	0.03%
	SNOW	C	0.07%	0.06%	0.06%
	SNPS	B	0.15%	0.11%	0.11%
	SO	D	0.18%	0.53%	0.18%
	SPG	B	0.11%	0.33%	0.11%
	SQ	B	0.09%	0.04%	0.04%
	STT	A	0.05%	0.18%	0.05%
	SUI	D	0.03%	0.09%	0.03%
	SW	A	0.05%	0.16%	0.05%
	SWK	D	0.02%	0.08%	0.02%
	SWKS	F	0.02%	0.08%	0.02%
	SYK	C	0.26%	0.02%	0.02%
	SYY	B	0.07%	0.17%	0.07%
	T	A	0.3%	0.79%	0.3%
	TAP	C	0.02%	0.05%	0.02%
	TER	D	0.03%	0.02%	0.02%
	TFC	A	0.11%	0.38%	0.11%
	TGT	F	0.13%	0.28%	0.13%
	TROW	B	0.05%	0.16%	0.05%
	TSCO	D	0.05%	0.04%	0.04%
	TSLA	B	1.65%	1.48%	1.48%
	TSN	B	0.03%	0.11%	0.03%
	TT	A	0.17%	0.02%	0.02%
	TTD	B	0.1%	0.06%	0.06%
	TXN	C	0.34%	0.85%	0.34%
	UBER	D	0.27%	0.28%	0.27%
	UDR	B	0.03%	0.08%	0.03%
	UNH	C	1.01%	0.87%	0.87%
	UNP	C	0.27%	0.3%	0.27%
	UPS	C	0.18%	0.57%	0.18%
	USB	A	0.14%	0.47%	0.14%
	V	A	0.9%	0.34%	0.34%
	VICI	C	0.06%	0.19%	0.06%
	VLO	C	0.08%	0.08%	0.08%
	VRT	B	0.08%	0.18%	0.08%
	VTR	C	0.05%	0.14%	0.05%
	VTRS	A	0.03%	0.1%	0.03%
	VZ	C	0.32%	0.77%	0.32%
	WBA	F	0.01%	0.04%	0.01%
	WDAY	B	0.1%	0.06%	0.06%
	WEC	A	0.06%	0.18%	0.06%
	WELL	A	0.15%	0.12%	0.12%
	WFC	A	0.48%	0.42%	0.42%
	WMB	A	0.13%	0.41%	0.13%
	WMT	A	0.68%	0.03%	0.03%
	WPC	D	0.02%	0.07%	0.02%
	WSO	A	0.03%	0.11%	0.03%
	XEL	A	0.07%	0.21%	0.07%
	XOM	B	0.99%	1.35%	0.99%
	ZS	C	0.03%	0.11%	0.03%

IWB Overweight 728 Positions Relative to UDIV

	Symbol	Grade	Weight
	BRK.A	B	1.59%
	GE	D	0.36%
	TMO	F	0.36%
	BKNG	A	0.31%
	AXP	A	0.3%
	SPGI	C	0.29%
	PGR	A	0.28%
	DHR	F	0.27%
	TJX	A	0.25%
	BSX	B	0.24%
	CB	C	0.22%
	VRTX	F	0.22%
	SCHW	B	0.22%
	FI	A	0.22%
	TMUS	B	0.21%
	LMT	D	0.21%
	MMC	B	0.2%
	DE	A	0.19%
	BA	F	0.18%
	PH	A	0.17%
	CI	F	0.17%
	GEV	B	0.17%
	ELV	F	0.17%
	MDLZ	F	0.16%
	WM	A	0.16%
	PYPL	B	0.16%
	ICE	C	0.16%
	SHW	A	0.16%
	MCK	B	0.15%
	REGN	F	0.15%
	ZTS	D	0.15%
	MSI	B	0.15%
	AON	A	0.14%
	CTAS	B	0.14%
	MCO	B	0.14%
	APP	B	0.14%
	CL	D	0.14%
	TDG	D	0.13%
	NOC	D	0.13%
	CSX	B	0.13%
	COF	B	0.13%
	ORLY	B	0.13%
	CEG	D	0.13%
	CARR	D	0.12%
	AJG	B	0.12%
	GM	B	0.12%
	MAR	B	0.12%
	ADSK	A	0.12%
	HCA	F	0.12%
	BDX	F	0.12%
	CRH	A	0.12%
	PCAR	B	0.11%
	ABNB	C	0.11%
	SRE	A	0.11%
	ROP	B	0.11%
	FTNT	C	0.11%
	TRV	B	0.11%
	HLT	A	0.11%
	ECL	D	0.11%
	FCX	D	0.11%
	AFL	B	0.11%
	AZO	C	0.1%
	MSTR	C	0.1%
	FICO	B	0.1%
	RCL	A	0.1%
	MPC	D	0.1%
	URI	B	0.1%
	AMP	A	0.1%
	ROST	C	0.09%
	LHX	C	0.09%
	PWR	A	0.09%
	DHI	D	0.09%
	LNG	B	0.09%
	VST	B	0.09%
	AIG	B	0.09%
	CPRT	A	0.09%
	GWW	B	0.09%
	HES	B	0.08%
	IR	B	0.08%
	DAL	C	0.08%
	ODFL	B	0.08%
	RSG	A	0.08%
	TRGP	B	0.08%
	EA	A	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	HWM	A	0.08%
	KDP	D	0.07%
	MLM	B	0.07%
	GEHC	F	0.07%
	CHTR	C	0.07%
	ACGL	D	0.07%
	VMC	B	0.07%
	A	D	0.07%
	MNST	C	0.07%
	YUM	B	0.07%
	STZ	D	0.07%
	TEAM	A	0.07%
	CTSH	B	0.07%
	KR	B	0.07%
	CTVA	C	0.07%
	LULU	C	0.07%
	IT	C	0.07%
	COR	B	0.07%
	OTIS	C	0.07%
	CBRE	B	0.07%
	VRSK	A	0.07%
	LEN	D	0.07%
	FERG	B	0.07%
	EW	C	0.07%
	GPN	B	0.06%
	CNC	D	0.06%
	RJF	A	0.06%
	DXCM	D	0.06%
	EFX	F	0.06%
	TTWO	A	0.06%
	VEEV	C	0.06%
	WTW	B	0.06%
	NDAQ	A	0.06%
	HUM	C	0.06%
	OXY	D	0.06%
	WAB	B	0.06%
	DD	D	0.06%
	RMD	C	0.06%
	HIG	B	0.06%
	IQV	D	0.06%
	IDXX	F	0.06%
	NUE	C	0.06%
	CCL	B	0.05%
	CPAY	A	0.05%
	HSY	F	0.05%
	MTD	D	0.05%
	EQT	B	0.05%
	TYL	B	0.05%
	VLTO	D	0.05%
	ADM	D	0.05%
	SYF	B	0.05%
	TPL	A	0.05%
	RBLX	C	0.05%
	GDDY	A	0.05%
	NVR	D	0.05%
	AWK	D	0.05%
	HAL	C	0.05%
	CVNA	B	0.05%
	KEYS	A	0.05%
	FTV	C	0.05%
	BRO	B	0.05%
	FCNCA	A	0.05%
	PHM	D	0.05%
	CHD	B	0.05%
	DECK	A	0.05%
	DOV	A	0.05%
	ON	D	0.05%
	CPNG	D	0.05%
	PPG	F	0.05%
	CSGP	D	0.05%
	ANSS	B	0.05%
	XYL	D	0.05%
	ALNY	D	0.05%
	UAL	A	0.05%
	BAH	F	0.04%
	NRG	B	0.04%
	COO	D	0.04%
	CNP	B	0.04%
	ZBRA	B	0.04%
	LH	C	0.04%
	LII	A	0.04%
	FSLR	F	0.04%
	LYV	A	0.04%
	CSL	C	0.04%
	WDC	D	0.04%
	STLD	B	0.04%
	BLDR	D	0.04%
	WAT	B	0.04%
	CBOE	B	0.04%
	HOOD	B	0.04%
	ZM	B	0.04%
	EXE	B	0.04%
	ILMN	D	0.04%
	LDOS	C	0.04%
	TDY	B	0.04%
	STE	F	0.04%
	MKL	A	0.04%
	ATO	A	0.04%
	WBD	C	0.04%
	WY	D	0.04%
	PTC	A	0.04%
	WST	C	0.04%
	EXPE	B	0.04%
	ZBH	C	0.04%
	EME	C	0.04%
	LPLA	A	0.04%
	BIIB	F	0.04%
	CDW	F	0.04%
	SBAC	D	0.04%
	ROL	B	0.03%
	FFIV	B	0.03%
	SOFI	A	0.03%
	SAIA	B	0.03%
	AVTR	F	0.03%
	JBL	B	0.03%
	APTV	D	0.03%
	NDSN	B	0.03%
	ACM	A	0.03%
	THC	D	0.03%
	PSTG	D	0.03%
	CASY	A	0.03%
	USFD	A	0.03%
	DPZ	C	0.03%
	L	A	0.03%
	JBHT	C	0.03%
	TW	A	0.03%
	GGG	B	0.03%
	RGA	A	0.03%
	VRSN	F	0.03%
	EQH	B	0.03%
	TOL	B	0.03%
	FIX	A	0.03%
	SSNC	B	0.03%
	TXT	D	0.03%
	AVY	D	0.03%
	UTHR	C	0.03%
	GWRE	A	0.03%
	CF	B	0.03%
	DOCU	A	0.03%
	MRO	B	0.03%
	EG	C	0.03%
	NTRA	B	0.03%
	WSM	B	0.03%
	MANH	D	0.03%
	OC	A	0.03%
	TWLO	A	0.03%
	ALGN	D	0.03%
	FWONK	B	0.03%
	XPO	B	0.03%
	HEI	B	0.03%
	EXPD	D	0.03%
	NTNX	A	0.03%
	BURL	A	0.03%
	PINS	D	0.03%
	MOH	F	0.03%
	MAS	D	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	RPM	A	0.03%
	ULTA	F	0.03%
	J	F	0.03%
	PNR	A	0.03%
	DGX	A	0.03%
	WRB	A	0.03%
	RS	B	0.03%
	HOLX	D	0.03%
	DKNG	B	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	TOST	B	0.03%
	TRU	D	0.03%
	BALL	D	0.03%
	MKC	D	0.03%
	IBKR	A	0.03%
	CFR	B	0.02%
	G	B	0.02%
	SEIC	B	0.02%
	CNM	D	0.02%
	EGP	F	0.02%
	RL	B	0.02%
	RIVN	F	0.02%
	PLNT	A	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	MTZ	B	0.02%
	WTFC	A	0.02%
	CHE	D	0.02%
	GPK	C	0.02%
	CR	A	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	A	0.02%
	ITCI	C	0.02%
	PEN	B	0.02%
	KNX	B	0.02%
	BILL	A	0.02%
	HAS	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	MGM	D	0.02%
	AOS	F	0.02%
	ZION	B	0.02%
	OGE	B	0.02%
	ROKU	D	0.02%
	AR	B	0.02%
	RBC	A	0.02%
	BRX	A	0.02%
	REXR	F	0.02%
	HSIC	B	0.02%
	WCC	B	0.02%
	EXAS	D	0.02%
	GMED	A	0.02%
	MORN	B	0.02%
	FBIN	D	0.02%
	AAON	B	0.02%
	AXTA	A	0.02%
	RGLD	C	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	CMA	A	0.02%
	TPX	B	0.02%
	WMS	D	0.02%
	FRT	B	0.02%
	SOLV	C	0.02%
	ORI	A	0.02%
	WYNN	D	0.02%
	BRBR	A	0.02%
	TKO	B	0.02%
	INGR	B	0.02%
	WING	D	0.02%
	AAL	B	0.02%
	SRPT	D	0.02%
	HLI	B	0.02%
	PNFP	B	0.02%
	CRL	C	0.02%
	WAL	B	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	GL	B	0.02%
	PR	B	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	MKTX	D	0.02%
	WTRG	B	0.02%
	ALLY	C	0.02%
	ARMK	B	0.02%
	OHI	C	0.02%
	EXEL	B	0.02%
	MUSA	A	0.02%
	AFG	A	0.02%
	EXP	A	0.02%
	CIEN	B	0.02%
	NLY	C	0.02%
	GME	C	0.02%
	DTM	B	0.02%
	AYI	B	0.02%
	KNSL	B	0.02%
	ALSN	B	0.02%
	PRI	A	0.02%
	WWD	B	0.02%
	LAD	A	0.02%
	CACI	D	0.02%
	WBS	A	0.02%
	PNW	B	0.02%
	FOXA	B	0.02%
	CCK	C	0.02%
	TECH	D	0.02%
	CAVA	B	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%
	NWSA	B	0.02%
	AA	B	0.02%
	ATR	B	0.02%
	BLD	D	0.02%
	LW	C	0.02%
	LAMR	D	0.02%
	DAY	B	0.02%
	RRX	B	0.02%
	DKS	C	0.02%
	DUOL	A	0.02%
	AIZ	A	0.02%
	FHN	A	0.02%
	OWL	A	0.02%
	NCLH	B	0.02%
	PAYC	B	0.02%
	SF	B	0.02%
	LECO	B	0.02%
	BJ	A	0.02%
	Z	A	0.02%
	UHS	D	0.02%
	NBIX	C	0.02%
	OVV	B	0.02%
	BWXT	B	0.02%
	BMRN	D	0.02%
	MRNA	F	0.02%
	HEI	B	0.02%
	NVT	B	0.02%
	INCY	C	0.02%
	ALB	C	0.02%
	SCI	B	0.02%
	ALLE	D	0.02%
	FTI	A	0.02%
	KMX	B	0.02%
	COHR	B	0.02%
	JLL	D	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	GLPI	C	0.02%
	AMH	D	0.02%
	CHRW	C	0.02%
	BG	F	0.02%
	JKHY	D	0.02%
	CLH	B	0.02%
	PFGC	B	0.02%
	DLTR	F	0.02%
	JEF	A	0.02%
	EPAM	C	0.02%
	TPR	B	0.02%
	AKAM	D	0.02%
	TXRH	C	0.02%
	AFRM	B	0.02%
	POOL	C	0.02%
	RNR	C	0.02%
	RVTY	F	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	D	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	COLM	B	0.01%
	MAN	D	0.01%
	TDC	D	0.01%
	VIRT	B	0.01%
	NSA	D	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	D	0.01%
	WEN	D	0.01%
	EPR	D	0.01%
	PENN	C	0.01%
	YETI	C	0.01%
	SMG	D	0.01%
	VAC	B	0.01%
	HUN	F	0.01%
	BHF	B	0.01%
	ZG	A	0.01%
	NCNO	B	0.01%
	PII	D	0.01%
	NVST	B	0.01%
	IAC	D	0.01%
	ACHC	F	0.01%
	HIW	D	0.01%
	FHB	A	0.01%
	IRDM	D	0.01%
	SPR	D	0.01%
	XRAY	F	0.01%
	TNL	A	0.01%
	W	F	0.01%
	PRGO	B	0.01%
	NWS	B	0.01%
	DNB	B	0.01%
	NWL	B	0.01%
	DXC	B	0.01%
	NEU	C	0.01%
	MDU	D	0.01%
	ASH	D	0.01%
	RARE	D	0.01%
	MSM	C	0.01%
	LINE	F	0.01%
	PEGA	A	0.01%
	OGN	D	0.01%
	FLO	D	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%
	M	D	0.01%
	CHH	A	0.01%
	AN	C	0.01%
	GAP	C	0.01%
	SLGN	A	0.01%
	RYN	D	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	B	0.01%
	TKR	D	0.01%
	LOPE	B	0.01%
	CUZ	B	0.01%
	FIVE	F	0.01%
	OLN	D	0.01%
	HCP	B	0.01%
	ROIV	C	0.01%
	ST	F	0.01%
	WTM	A	0.01%
	BYD	C	0.01%
	AVT	C	0.01%
	HXL	D	0.01%
	AL	B	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	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%
	LEA	D	0.01%
	POST	C	0.01%
	TPG	A	0.01%
	CRUS	D	0.01%
	NFG	A	0.01%
	SLM	A	0.01%
	RITM	C	0.01%
	PATH	C	0.01%
	VVV	F	0.01%
	LITE	B	0.01%
	BC	C	0.01%
	BRKR	D	0.01%
	THO	B	0.01%
	FOX	A	0.01%
	JHG	A	0.01%
	ETSY	D	0.01%
	OLLI	D	0.01%
	LFUS	F	0.01%
	IDA	A	0.01%
	PVH	C	0.01%
	THG	A	0.01%
	STWD	C	0.01%
	VNT	B	0.01%
	WFRD	D	0.01%
	CROX	D	0.01%
	BFAM	D	0.01%
	AMG	B	0.01%
	AGCO	D	0.01%
	WHR	B	0.01%
	LAZ	B	0.01%
	FNB	A	0.01%
	DOCS	C	0.01%
	UHAL	D	0.01%
	ARW	D	0.01%
	BIO	D	0.01%
	LNC	B	0.01%
	COLD	D	0.01%
	FOUR	B	0.01%
	PARA	C	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	ESI	A	0.01%
	LYFT	C	0.01%
	SAIC	F	0.01%
	KD	B	0.01%
	COLB	A	0.01%
	NOV	C	0.01%
	MTG	C	0.01%
	ELF	C	0.01%
	SITE	D	0.01%
	WSC	D	0.01%
	OMF	A	0.01%
	IVZ	B	0.01%
	LSTR	D	0.01%
	MSA	D	0.01%
	DBX	B	0.01%
	CFLT	B	0.01%
	AZPN	A	0.01%
	AWI	A	0.01%
	HR	C	0.01%
	AZEK	A	0.01%
	VMI	B	0.01%
	FAF	A	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	BPOP	B	0.01%
	STAG	F	0.01%
	LSCC	D	0.01%
	FMC	D	0.01%
	MTN	C	0.01%
	H	B	0.01%
	MTDR	B	0.01%
	DINO	D	0.01%
	DAR	C	0.01%
	GXO	B	0.01%
	ELAN	D	0.01%
	CGNX	C	0.01%
	MTSI	B	0.01%
	FCN	D	0.01%
	ALK	C	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	B	0.01%
	AGNC	D	0.01%
	VFC	C	0.01%
	LPX	B	0.01%
	BBWI	D	0.01%
	S	B	0.01%
	MIDD	C	0.01%
	VNO	B	0.01%
	CART	C	0.01%
	PCOR	B	0.01%
	RYAN	B	0.01%
	WH	B	0.01%
	MHK	D	0.01%
	RLI	B	0.01%
	COKE	C	0.01%
	TREX	C	0.01%
	KEX	C	0.01%
	PB	A	0.01%
	SMAR	A	0.01%
	HII	D	0.01%
	JAZZ	B	0.01%
	ADC	B	0.01%
	WEX	D	0.01%
	RHI	B	0.01%
	OLED	D	0.01%
	SSD	D	0.01%
	ONTO	D	0.01%
	BERY	B	0.01%
	NNN	D	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	ENPH	F	0.01%
	MEDP	D	0.01%
	FLS	B	0.01%
	CHRD	D	0.01%
	SKX	D	0.01%
	MTCH	D	0.01%
	SNV	B	0.01%
	CZR	F	0.01%
	X	C	0.01%
	KBR	F	0.01%
	CE	F	0.01%
	BWA	D	0.01%
	APG	B	0.01%
	DVA	B	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	GRAL	C	0.0%
	UWMC	D	0.0%
	SEB	F	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	WOLF	F	0.0%
	LOAR	A	0.0%
	TFSL	A	0.0%
	CWEN	C	0.0%
	AS	B	0.0%
	CERT	F	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	F	0.0%
	GO	C	0.0%
	QS	F	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	F	0.0%
	FTRE	D	0.0%
	CAR	C	0.0%
	BIRK	D	0.0%
	LEN	D	0.0%
	FWONA	B	0.0%
	RKT	F	0.0%
	ALAB	B	0.0%
	QDEL	F	0.0%
	VSTS	C	0.0%
	UAA	C	0.0%
	CRI	D	0.0%
	KSS	F	0.0%
	LCID	F	0.0%
	PPC	C	0.0%
	LBTYA	B	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	F	0.0%
	IPGP	D	0.0%
	ADT	C	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	B	0.0%
	CPRI	F	0.0%
	JWN	C	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 5 Positions Relative to UDIV

	Symbol	Grade	Weight
	NXPI	D	-0.35%
	MELI	D	-0.28%
	STX	D	-0.11%
	SCCO	F	-0.06%
	CRBG	B	-0.04%

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

UDIV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Semiconductors Banks - Regional - US REIT - Residential Drug Manufacturers - Major Packaged Foods Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Retail Utilities - Diversified Banks - Global Business Services Household & Personal Products Semiconductor Equipment & Materials Discount Stores Packaging & Containers REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Real Estate Investment Trust Bank Banking Semiconductor Electronics Cloud Computing Mining Integrated Circuits Telecommunications Work From Home Cash Management Chemical Insurance Investment Bank