IWD vs. BIV ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard Intermediate-Term Bond ETF (BIV)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.31

Average Daily Volume

1,604,405

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.39

Average Daily Volume

1,237,116

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	IWD	BIV
30 Days	2.50%	-1.05%
60 Days	4.52%	-3.46%
90 Days	6.09%	-2.38%
12 Months	28.49%	6.28%

395 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in BIV	Overlap
A	D	0.15%	0.01%	0.01%
AAL	B	0.03%	0.01%	0.01%
AAP	D	0.01%	0.02%	0.01%
ABBV	F	0.65%	0.05%	0.05%
ABT	B	0.78%	0.01%	0.01%
ACGL	C	0.14%	0.01%	0.01%
ADC	A	0.03%	0.01%	0.01%
ADI	D	0.4%	0.02%	0.02%
ADM	D	0.1%	0.02%	0.02%
ADP	A	0.03%	0.02%	0.02%
AEE	A	0.09%	0.01%	0.01%
AEP	C	0.2%	0.01%	0.01%
AES	F	0.04%	0.01%	0.01%
AFG	A	0.04%	0.01%	0.01%
AFL	B	0.24%	0.01%	0.01%
AGO	B	0.02%	0.01%	0.01%
AGR	A	0.01%	0.01%	0.01%
AIG	B	0.19%	0.01%	0.01%
AIZ	A	0.04%	0.01%	0.01%
AL	B	0.02%	0.01%	0.01%
ALL	A	0.17%	0.01%	0.01%
ALLE	C	0.05%	0.01%	0.01%
AMAT	F	0.04%	0.01%	0.01%
AMCR	C	0.06%	0.01%	0.01%
AMG	B	0.02%	0.02%	0.02%
AMGN	F	0.13%	0.01%	0.01%
AMH	C	0.05%	0.01%	0.01%
AN	C	0.02%	0.01%	0.01%
AON	A	0.29%	0.01%	0.01%
APD	A	0.27%	0.01%	0.01%
APH	A	0.14%	0.01%	0.01%
APTV	F	0.06%	0.01%	0.01%
ARE	F	0.07%	0.01%	0.01%
ARW	D	0.02%	0.01%	0.01%
ATO	A	0.08%	0.01%	0.01%
AVB	B	0.13%	0.01%	0.01%
AVT	C	0.02%	0.01%	0.01%
AVY	F	0.04%	0.01%	0.01%
AWK	C	0.1%	0.01%	0.01%
AXP	A	0.39%	0.05%	0.05%
AXS	A	0.03%	0.01%	0.01%
AYI	B	0.04%	0.01%	0.01%
AZO	C	0.02%	0.01%	0.01%
BA	F	0.31%	0.01%	0.01%
BAC	A	1.23%	0.01%	0.01%
BAX	F	0.06%	0.01%	0.01%
BBY	D	0.08%	0.01%	0.01%
BC	C	0.02%	0.02%	0.02%
BDX	F	0.25%	0.01%	0.01%
BEN	C	0.02%	0.01%	0.01%
BERY	C	0.03%	0.01%	0.01%
BG	D	0.05%	0.01%	0.01%
BHF	C	0.01%	0.01%	0.01%
BIIB	F	0.09%	0.04%	0.04%
BK	A	0.22%	0.01%	0.01%
BKNG	A	0.04%	0.01%	0.01%
BLK	B	0.6%	0.01%	0.01%
BMY	B	0.44%	0.01%	0.01%
BR	A	0.01%	0.02%	0.01%
BRO	B	0.06%	0.01%	0.01%
BRX	A	0.03%	0.01%	0.01%
BSX	A	0.5%	0.02%	0.02%
BWA	D	0.03%	0.03%	0.03%
BXP	C	0.05%	0.01%	0.01%
C	A	0.51%	0.01%	0.01%
CAG	F	0.05%	0.02%	0.02%
CAH	B	0.05%	0.03%	0.03%
CARR	C	0.24%	0.02%	0.02%
CAT	B	0.63%	0.01%	0.01%
CB	C	0.45%	0.03%	0.03%
CBOE	C	0.08%	0.01%	0.01%
CCI	C	0.18%	0.01%	0.01%
CE	F	0.02%	0.01%	0.01%
CFG	B	0.08%	0.01%	0.01%
CHD	A	0.1%	0.01%	0.01%
CHRW	B	0.05%	0.02%	0.02%
CHTR	C	0.14%	0.02%	0.02%
CI	D	0.32%	0.01%	0.01%
CINF	A	0.09%	0.01%	0.01%
CMA	B	0.04%	0.01%	0.01%
CMCSA	B	0.64%	0.01%	0.01%
CME	B	0.32%	0.01%	0.01%
CMI	A	0.19%	0.01%	0.01%
CMS	C	0.08%	0.01%	0.01%
CNA	C	0.0%	0.01%	0.0%
CNH	C	0.04%	0.01%	0.01%
CNP	A	0.08%	0.01%	0.01%
COF	C	0.27%	0.01%	0.01%
COP	C	0.51%	0.01%	0.01%
CPB	D	0.03%	0.02%	0.02%
CPT	B	0.05%	0.01%	0.01%
CRM	B	0.18%	0.02%	0.02%
CSL	C	0.07%	0.01%	0.01%
CSX	C	0.27%	0.01%	0.01%
CTAS	B	0.01%	0.02%	0.01%
CTVA	C	0.15%	0.01%	0.01%
CUBE	C	0.04%	0.01%	0.01%
CVS	D	0.26%	0.01%	0.01%
CVX	A	1.08%	0.01%	0.01%
D	C	0.19%	0.01%	0.01%
DAL	B	0.16%	0.02%	0.02%
DD	C	0.13%	0.05%	0.05%
DE	B	0.39%	0.01%	0.01%
DELL	B	0.12%	0.01%	0.01%
DFS	B	0.17%	0.02%	0.02%
DG	F	0.06%	0.01%	0.01%
DGX	A	0.07%	0.01%	0.01%
DHI	F	0.19%	0.01%	0.01%
DHR	F	0.58%	0.01%	0.01%
DIS	B	0.82%	0.01%	0.01%
DLR	B	0.23%	0.02%	0.02%
DLTR	F	0.05%	0.03%	0.03%
DOC	C	0.06%	0.02%	0.02%
DOV	A	0.11%	0.01%	0.01%
DOW	F	0.12%	0.01%	0.01%
DOX	D	0.04%	0.02%	0.02%
DRI	B	0.04%	0.01%	0.01%
DTE	C	0.1%	0.01%	0.01%
DUK	C	0.34%	0.01%	0.01%
DVN	F	0.09%	0.01%	0.01%
DXC	B	0.01%	0.02%	0.01%
EA	A	0.17%	0.02%	0.02%
EBAY	D	0.12%	0.02%	0.02%
ECL	D	0.03%	0.01%	0.01%
ED	C	0.13%	0.01%	0.01%
EFX	F	0.09%	0.02%	0.02%
EIX	B	0.12%	0.01%	0.01%
EL	F	0.04%	0.01%	0.01%
EMN	C	0.05%	0.01%	0.01%
EMR	B	0.28%	0.01%	0.01%
EOG	A	0.3%	0.02%	0.02%
EPR	C	0.01%	0.01%	0.01%
EQIX	A	0.31%	0.01%	0.01%
EQR	C	0.11%	0.01%	0.01%
ES	C	0.08%	0.01%	0.01%
ESS	B	0.07%	0.01%	0.01%
ETN	A	0.56%	0.02%	0.02%
ETR	B	0.12%	0.01%	0.01%
EVRG	A	0.06%	0.01%	0.01%
EW	C	0.13%	0.01%	0.01%
EXC	C	0.15%	0.01%	0.01%
EXR	C	0.13%	0.01%	0.01%
FAF	A	0.03%	0.01%	0.01%
FANG	C	0.13%	0.01%	0.01%
FDX	B	0.26%	0.01%	0.01%
FIS	C	0.19%	0.01%	0.01%
FITB	B	0.12%	0.01%	0.01%
FLO	D	0.02%	0.01%	0.01%
FLS	B	0.03%	0.01%	0.01%
FMC	D	0.03%	0.01%	0.01%
FNF	B	0.06%	0.01%	0.01%
FOXA	A	0.04%	0.02%	0.02%
FRT	B	0.04%	0.01%	0.01%
FTNT	C	0.04%	0.01%	0.01%
GD	D	0.31%	0.02%	0.02%
GE	D	0.59%	0.02%	0.02%
GILD	C	0.43%	0.01%	0.01%
GIS	D	0.14%	0.01%	0.01%
GL	C	0.04%	0.01%	0.01%
GLPI	C	0.05%	0.01%	0.01%
GM	C	0.25%	0.01%	0.01%
GPC	D	0.07%	0.01%	0.01%
GPN	B	0.12%	0.01%	0.01%
GS	A	0.53%	0.01%	0.01%
GXO	B	0.03%	0.01%	0.01%
H	B	0.02%	0.01%	0.01%
HAL	C	0.1%	0.02%	0.02%
HAS	D	0.0%	0.01%	0.0%
HBAN	A	0.1%	0.01%	0.01%
HCA	F	0.19%	0.02%	0.02%
HD	B	0.32%	0.01%	0.01%
HES	B	0.06%	0.01%	0.01%
HIG	B	0.13%	0.02%	0.02%
HII	F	0.03%	0.01%	0.01%
HIW	C	0.01%	0.01%	0.01%
HON	C	0.49%	0.01%	0.01%
HPQ	B	0.11%	0.02%	0.02%
HR	B	0.03%	0.01%	0.01%
HRB	D	0.03%	0.01%	0.01%
HRL	D	0.03%	0.01%	0.01%
HST	C	0.05%	0.02%	0.02%
HSY	F	0.08%	0.01%	0.01%
HUBB	B	0.09%	0.01%	0.01%
HUM	C	0.13%	0.01%	0.01%
HUN	F	0.01%	0.01%	0.01%
IBM	C	0.73%	0.01%	0.01%
ICE	C	0.34%	0.01%	0.01%
IEX	C	0.07%	0.01%	0.01%
IFF	D	0.09%	0.01%	0.01%
ILMN	C	0.08%	0.01%	0.01%
INGR	C	0.04%	0.01%	0.01%
INTC	C	0.4%	0.01%	0.01%
INVH	D	0.08%	0.02%	0.02%
IPG	D	0.04%	0.01%	0.01%
ITW	B	0.2%	0.01%	0.01%
JBL	C	0.05%	0.01%	0.01%
JCI	B	0.22%	0.01%	0.01%
JEF	A	0.04%	0.01%	0.01%
JNJ	C	1.45%	0.01%	0.01%
JNPR	D	0.05%	0.01%	0.01%
JPM	A	2.74%	0.01%	0.01%
K	A	0.08%	0.01%	0.01%
KDP	F	0.14%	0.01%	0.01%
KEX	B	0.03%	0.01%	0.01%
KEY	B	0.07%	0.01%	0.01%
KEYS	A	0.1%	0.01%	0.01%
KIM	A	0.06%	0.01%	0.01%
KMB	C	0.1%	0.01%	0.01%
KMI	A	0.21%	0.01%	0.01%
KMPR	A	0.02%	0.01%	0.01%
KO	D	0.4%	0.01%	0.01%
KR	B	0.15%	0.01%	0.01%
KRC	B	0.02%	0.01%	0.01%
KSS	F	0.01%	0.01%	0.01%
L	A	0.06%	0.01%	0.01%
LAZ	B	0.0%	0.01%	0.0%
LDOS	C	0.08%	0.02%	0.02%
LEA	F	0.02%	0.01%	0.01%
LEG	F	0.01%	0.01%	0.01%
LEN	D	0.01%	0.01%	0.01%
LEN	D	0.16%	0.01%	0.01%
LH	B	0.08%	0.01%	0.01%
LHX	C	0.18%	0.01%	0.01%
LIN	C	0.84%	0.01%	0.01%
LMT	D	0.3%	0.02%	0.02%
LNC	C	0.02%	0.01%	0.01%
LNT	A	0.06%	0.01%	0.01%
LOW	C	0.6%	0.01%	0.01%
LUV	C	0.08%	0.01%	0.01%
LYB	F	0.08%	0.01%	0.01%
MAA	B	0.07%	0.01%	0.01%
MAR	A	0.25%	0.01%	0.01%
MAS	D	0.07%	0.01%	0.01%
MCD	D	0.77%	0.02%	0.02%
MDLZ	F	0.34%	0.01%	0.01%
MDT	D	0.44%	0.01%	0.01%
MET	A	0.19%	0.02%	0.02%
MHK	D	0.03%	0.01%	0.01%
MKC	C	0.07%	0.01%	0.01%
MKL	A	0.07%	0.01%	0.01%
MLM	C	0.13%	0.01%	0.01%
MMC	B	0.37%	0.02%	0.02%
MMM	D	0.23%	0.01%	0.01%
MO	A	0.37%	0.01%	0.01%
MOS	F	0.03%	0.02%	0.02%
MP	C	0.01%	0.01%	0.01%
MPC	D	0.22%	0.01%	0.01%
MRO	B	0.06%	0.02%	0.02%
MRVL	B	0.27%	0.01%	0.01%
MS	A	0.57%	0.04%	0.04%
MSI	B	0.16%	0.01%	0.01%
MTB	A	0.14%	0.02%	0.02%
MU	D	0.41%	0.02%	0.02%
NDAQ	A	0.13%	0.01%	0.01%
NEE	C	0.61%	0.01%	0.01%
NEM	D	0.18%	0.02%	0.02%
NEU	D	0.01%	0.01%	0.01%
NFG	A	0.02%	0.01%	0.01%
NI	A	0.06%	0.02%	0.02%
NKE	F	0.14%	0.01%	0.01%
NNN	C	0.03%	0.01%	0.01%
NOC	D	0.27%	0.02%	0.02%
NOV	C	0.02%	0.01%	0.01%
NSC	B	0.23%	0.01%	0.01%
NTAP	C	0.05%	0.01%	0.01%
NTRS	A	0.08%	0.01%	0.01%
NUE	C	0.14%	0.01%	0.01%
NVR	D	0.1%	0.01%	0.01%
NVT	B	0.05%	0.01%	0.01%
O	C	0.19%	0.01%	0.01%
OC	A	0.07%	0.01%	0.01%
OGE	A	0.03%	0.01%	0.01%
OHI	C	0.04%	0.01%	0.01%
OKE	A	0.25%	0.01%	0.01%
OMC	C	0.07%	0.01%	0.01%
ORLY	B	0.02%	0.01%	0.01%
OSK	C	0.03%	0.01%	0.01%
OTIS	C	0.16%	0.01%	0.01%
PCG	A	0.17%	0.01%	0.01%
PEG	A	0.17%	0.01%	0.01%
PEP	F	0.18%	0.01%	0.01%
PFE	F	0.55%	0.01%	0.01%
PFG	D	0.08%	0.01%	0.01%
PG	C	1.21%	0.01%	0.01%
PGR	A	0.09%	0.02%	0.02%
PH	A	0.35%	0.02%	0.02%
PHM	D	0.1%	0.01%	0.01%
PKG	A	0.08%	0.01%	0.01%
PLD	F	0.41%	0.01%	0.01%
PM	B	0.78%	0.01%	0.01%
PNC	B	0.32%	0.01%	0.01%
PNW	A	0.04%	0.01%	0.01%
PPG	F	0.11%	0.01%	0.01%
PRU	A	0.18%	0.01%	0.01%
PSA	C	0.18%	0.01%	0.01%
PSX	C	0.21%	0.01%	0.01%
PWR	A	0.13%	0.01%	0.01%
PYPL	B	0.34%	0.02%	0.02%
QCOM	F	0.04%	0.02%	0.02%
QRVO	F	0.02%	0.02%	0.02%
R	B	0.03%	0.01%	0.01%
REG	A	0.05%	0.01%	0.01%
REGN	F	0.28%	0.02%	0.02%
REXR	F	0.04%	0.01%	0.01%
RF	A	0.09%	0.01%	0.01%
RGA	A	0.06%	0.01%	0.01%
RJF	A	0.12%	0.03%	0.03%
RL	C	0.03%	0.02%	0.02%
RNR	C	0.05%	0.01%	0.01%
ROK	C	0.12%	0.01%	0.01%
ROP	B	0.23%	0.01%	0.01%
ROST	D	0.14%	0.01%	0.01%
RPM	A	0.05%	0.01%	0.01%
RPRX	D	0.04%	0.01%	0.01%
RS	B	0.07%	0.01%	0.01%
RSG	A	0.17%	0.01%	0.01%
RTX	D	0.61%	0.01%	0.01%
RYN	D	0.02%	0.01%	0.01%
SBUX	A	0.1%	0.01%	0.01%
SCHW	B	0.42%	0.01%	0.01%
SF	B	0.04%	0.01%	0.01%
SHW	B	0.03%	0.01%	0.01%
SJM	D	0.04%	0.01%	0.01%
SLB	C	0.24%	0.03%	0.03%
SNA	A	0.07%	0.01%	0.01%
SNX	D	0.03%	0.01%	0.01%
SO	C	0.37%	0.01%	0.01%
SON	F	0.02%	0.01%	0.01%
SPG	A	0.17%	0.01%	0.01%
SPGI	C	0.61%	0.01%	0.01%
SRE	A	0.23%	0.01%	0.01%
STE	D	0.08%	0.01%	0.01%
STLD	B	0.08%	0.01%	0.01%
STT	B	0.11%	0.01%	0.01%
STZ	D	0.15%	0.01%	0.01%
SUI	C	0.06%	0.01%	0.01%
SWK	D	0.05%	0.01%	0.01%
SWKS	F	0.05%	0.01%	0.01%
SYF	B	0.1%	0.02%	0.02%
SYK	B	0.39%	0.02%	0.02%
SYY	D	0.06%	0.02%	0.02%
T	A	0.63%	0.01%	0.01%
TDY	B	0.08%	0.01%	0.01%
TFC	A	0.24%	0.01%	0.01%
TGT	F	0.27%	0.01%	0.01%
THG	A	0.02%	0.01%	0.01%
TJX	A	0.22%	0.01%	0.01%
TKR	D	0.02%	0.01%	0.01%
TMO	F	0.76%	0.01%	0.01%
TMUS	B	0.44%	0.04%	0.04%
TRMB	B	0.07%	0.02%	0.02%
TSN	B	0.07%	0.03%	0.03%
TT	A	0.24%	0.01%	0.01%
TXN	C	0.63%	0.01%	0.01%
TXT	D	0.06%	0.01%	0.01%
UAL	A	0.12%	0.01%	0.01%
UDR	B	0.06%	0.01%	0.01%
UHS	D	0.05%	0.02%	0.02%
UNH	B	1.98%	0.01%	0.01%
UNM	A	0.05%	0.01%	0.01%
UNP	C	0.29%	0.01%	0.01%
UPS	C	0.38%	0.01%	0.01%
USB	A	0.3%	0.01%	0.01%
VFC	C	0.03%	0.01%	0.01%
VLO	C	0.17%	0.01%	0.01%
VMC	B	0.11%	0.01%	0.01%
VNO	C	0.03%	0.01%	0.01%
VNT	C	0.02%	0.01%	0.01%
VOYA	B	0.03%	0.01%	0.01%
VRSN	C	0.06%	0.02%	0.02%
VTR	B	0.1%	0.01%	0.01%
VTRS	A	0.06%	0.02%	0.02%
VZ	C	0.68%	0.01%	0.01%
WAB	B	0.13%	0.02%	0.02%
WBA	F	0.02%	0.01%	0.01%
WBS	A	0.04%	0.01%	0.01%
WEC	A	0.12%	0.01%	0.01%
WELL	A	0.32%	0.01%	0.01%
WFC	A	1.01%	0.04%	0.04%
WHR	B	0.02%	0.01%	0.01%
WLK	D	0.02%	0.01%	0.01%
WMB	A	0.27%	0.01%	0.01%
WMT	A	1.42%	0.01%	0.01%
WPC	C	0.05%	0.01%	0.01%
WTFC	A	0.03%	0.01%	0.01%
WTRG	B	0.04%	0.01%	0.01%
WU	F	0.01%	0.01%	0.01%
WY	F	0.09%	0.02%	0.02%
XEL	A	0.15%	0.01%	0.01%
XOM	B	2.08%	0.01%	0.01%
XRAY	F	0.01%	0.02%	0.01%
XYL	D	0.11%	0.01%	0.01%
ZBH	C	0.09%	0.02%	0.02%
ZION	B	0.03%	0.01%	0.01%
ZTS	D	0.05%	0.01%	0.01%

IWD Overweight 470 Positions Relative to BIV

Symbol	Grade	Weight
BRK.A	B	3.35%
CSCO	B	0.91%
ACN	B	0.86%
GEV	B	0.35%
FI	A	0.32%
ELV	F	0.3%
AMD	F	0.29%
KKR	A	0.28%
CRH	A	0.26%
FCX	F	0.24%
AJG	A	0.23%
CEG	C	0.23%
TRV	B	0.23%
VRTX	D	0.23%
PCAR	B	0.22%
TDG	D	0.21%
MSTR	B	0.19%
KVUE	A	0.18%
HWM	A	0.17%
BKR	A	0.17%
F	C	0.17%
AME	A	0.17%
MCK	A	0.17%
CBRE	B	0.16%
IR	B	0.16%
URI	C	0.16%
FERG	B	0.15%
CTSH	B	0.15%
GLW	B	0.14%
RCL	A	0.14%
GRMN	B	0.13%
VICI	C	0.13%
OXY	D	0.13%
MCHP	F	0.13%
GEHC	D	0.13%
CL	D	0.13%
HLT	A	0.12%
CNC	D	0.12%
TTWO	A	0.12%
IQV	F	0.12%
WTW	B	0.12%
SQ	A	0.11%
HPE	B	0.11%
KHC	F	0.11%
ON	D	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
PAYX	B	0.11%
RMD	C	0.1%
PPL	A	0.1%
MTD	F	0.1%
TROW	B	0.1%
FTV	C	0.1%
FCNCA	A	0.1%
SW	A	0.1%
WBD	B	0.09%
YUM	D	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	A	0.09%
FE	C	0.09%
CCL	A	0.09%
COO	D	0.08%
IP	A	0.08%
FSLR	F	0.08%
WDC	D	0.08%
ZM	C	0.08%
HOOD	B	0.08%
EXE	A	0.08%
APO	B	0.08%
CVNA	B	0.07%
PNR	A	0.07%
J	D	0.07%
TRU	D	0.07%
WRB	A	0.07%
HOLX	D	0.07%
WSO	A	0.07%
BALL	F	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
BLDR	D	0.07%
EXPD	C	0.06%
EWBC	A	0.06%
IRM	C	0.06%
NDSN	B	0.06%
ACM	B	0.06%
THC	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
GGG	B	0.06%
ZBRA	B	0.06%
TOL	B	0.06%
SSNC	B	0.06%
UTHR	C	0.06%
CF	A	0.06%
GEN	B	0.06%
Z	A	0.05%
SOFI	B	0.05%
CDW	F	0.05%
FDS	B	0.05%
MRNA	F	0.05%
BMRN	F	0.05%
SCI	B	0.05%
NTNX	B	0.05%
FTI	A	0.05%
ALB	B	0.05%
CASY	A	0.05%
EPAM	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	C	0.05%
JKHY	D	0.05%
ELS	C	0.05%
TPR	B	0.05%
AFRM	A	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
EG	C	0.05%
RVTY	F	0.05%
CW	C	0.05%
FFIV	B	0.05%
VLTO	C	0.05%
EME	A	0.05%
AVTR	F	0.05%
TW	A	0.04%
WST	C	0.04%
GMED	A	0.04%
TFX	F	0.04%
BWXT	B	0.04%
FBIN	D	0.04%
DCI	B	0.04%
RGLD	C	0.04%
ORI	A	0.04%
SOLV	D	0.04%
PNFP	B	0.04%
BRBR	A	0.04%
CRL	D	0.04%
COIN	C	0.04%
MKTX	D	0.04%
CIEN	C	0.04%
DPZ	C	0.04%
DTM	A	0.04%
WAL	B	0.04%
ARMK	B	0.04%
EHC	B	0.04%
NLY	C	0.04%
GME	C	0.04%
LAD	A	0.04%
DKS	D	0.04%
DAY	B	0.04%
LKQ	F	0.04%
ALSN	B	0.04%
BLD	D	0.04%
WWD	C	0.04%
CACI	D	0.04%
PRI	B	0.04%
TECH	F	0.04%
CCK	D	0.04%
EVR	B	0.04%
CTLT	C	0.04%
FWONK	A	0.04%
NWSA	A	0.04%
PFGC	B	0.04%
TAP	C	0.04%
ATR	B	0.04%
CG	B	0.04%
AA	A	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	0.04%
INCY	C	0.04%
KMX	B	0.04%
BJ	A	0.04%
OVV	B	0.04%
COLB	B	0.03%
MTG	C	0.03%
CGNX	D	0.03%
IVZ	B	0.03%
LSTR	D	0.03%
BILL	A	0.03%
OKTA	C	0.03%
STAG	D	0.03%
AZPN	A	0.03%
WEX	D	0.03%
DINO	D	0.03%
GWW	B	0.03%
VMI	B	0.03%
MKSI	C	0.03%
ALK	B	0.03%
WSM	C	0.03%
WH	B	0.03%
DAR	C	0.03%
FCN	F	0.03%
FND	D	0.03%
MTSI	B	0.03%
RLI	A	0.03%
SSD	F	0.03%
FR	D	0.03%
ATI	C	0.03%
ALGN	D	0.03%
GNTX	C	0.03%
ELAN	D	0.03%
ESAB	C	0.03%
BBWI	C	0.03%
AGNC	C	0.03%
KBR	F	0.03%
CART	C	0.03%
MIDD	C	0.03%
SKX	D	0.03%
COKE	C	0.03%
FAST	B	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	B	0.03%
ROKU	D	0.03%
CHE	D	0.03%
DASH	B	0.03%
MNST	C	0.03%
RHI	C	0.03%
JAZZ	B	0.03%
PR	B	0.03%
G	B	0.03%
MTCH	D	0.03%
RRC	B	0.03%
CHRD	D	0.03%
ACI	C	0.03%
CZR	F	0.03%
SNV	C	0.03%
X	B	0.03%
TKO	A	0.03%
SEIC	B	0.03%
APG	B	0.03%
CFR	B	0.03%
APA	D	0.03%
LECO	C	0.03%
LAMR	C	0.03%
WAT	C	0.03%
RIVN	F	0.03%
FICO	B	0.03%
EGP	D	0.03%
GPK	C	0.03%
NYT	D	0.03%
MTZ	B	0.03%
CR	A	0.03%
JLL	D	0.03%
CBSH	B	0.03%
TTC	C	0.03%
FYBR	C	0.03%
WYNN	C	0.03%
GWRE	A	0.03%
ALLY	C	0.03%
TTEK	F	0.03%
MGM	D	0.03%
AOS	F	0.03%
HSIC	C	0.03%
KNX	C	0.03%
AR	B	0.03%
HLI	A	0.03%
AXTA	B	0.03%
RBC	A	0.03%
WCC	B	0.03%
PTC	B	0.03%
OGN	F	0.02%
LINE	F	0.02%
SITE	F	0.02%
HOG	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
PAYC	B	0.02%
GFS	C	0.02%
DLB	B	0.02%
M	F	0.02%
GAP	C	0.02%
AWI	A	0.02%
SLGN	A	0.02%
PSN	D	0.02%
WSC	F	0.02%
EEFT	B	0.02%
DBX	B	0.02%
CUZ	B	0.02%
ST	F	0.02%
FRPT	A	0.02%
CROX	D	0.02%
ROIV	C	0.02%
OLN	F	0.02%
WTM	A	0.02%
HXL	F	0.02%
AMP	A	0.02%
BYD	B	0.02%
UGI	C	0.02%
BFAM	D	0.02%
OZK	B	0.02%
POST	C	0.02%
SLM	A	0.02%
SN	D	0.02%
CCCS	B	0.02%
CRUS	D	0.02%
LITE	B	0.02%
EXAS	D	0.02%
GNRC	C	0.02%
RITM	C	0.02%
THO	B	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
PVH	C	0.02%
FOX	A	0.02%
WMS	F	0.02%
JHG	B	0.02%
SAIA	B	0.02%
AGCO	D	0.02%
ONTO	F	0.02%
FNB	A	0.02%
LFUS	D	0.02%
IDA	A	0.02%
RGEN	D	0.02%
S	B	0.02%
STWD	C	0.02%
BIO	C	0.02%
MTDR	B	0.02%
BPOP	C	0.02%
OMF	A	0.02%
SAIC	F	0.02%
COLD	D	0.02%
ESI	B	0.02%
SIRI	C	0.02%
MOH	F	0.02%
KD	B	0.02%
MSA	F	0.02%
MAT	D	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
DDS	B	0.01%
SNDR	B	0.01%
TRIP	F	0.01%
REYN	D	0.01%
TER	F	0.01%
FTRE	D	0.01%
WEN	D	0.01%
EXEL	B	0.01%
GO	C	0.01%
UA	C	0.01%
QS	F	0.01%
CLVT	D	0.01%
BIRK	D	0.01%
ALAB	B	0.01%
CNXC	F	0.01%
VSTS	C	0.01%
CRI	F	0.01%
PSTG	D	0.01%
PPC	C	0.01%
QDEL	F	0.01%
AZEK	A	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
LCID	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	F	0.01%
LYFT	C	0.01%
BRKR	D	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	0.01%
LPX	B	0.01%
RCM	A	0.01%
CWEN	C	0.01%
AZTA	D	0.01%
YETI	D	0.01%
JWN	D	0.01%
HAYW	B	0.01%
SAM	C	0.01%
ULTA	F	0.01%
PINC	B	0.01%
ALGM	D	0.01%
SPB	C	0.01%
CPRI	F	0.01%
HHH	B	0.01%
EXP	B	0.01%
ENOV	C	0.01%
MPW	F	0.01%
BOKF	B	0.01%
CC	C	0.01%
CXT	C	0.01%
COTY	F	0.01%
SEE	C	0.01%
COLM	C	0.01%
CNM	D	0.01%
AMKR	D	0.01%
VIRT	A	0.01%
ECG	C	0.01%
U	C	0.01%
AMED	F	0.01%
MAN	F	0.01%
SNRE	D	0.01%
PAG	B	0.01%
NSA	C	0.01%
LLYVK	A	0.01%
PK	C	0.01%
NXST	C	0.01%
IRDM	D	0.01%
BROS	A	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
SMG	C	0.01%
LOPE	C	0.01%
VAC	C	0.01%
ZI	D	0.01%
AM	A	0.01%
MASI	B	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	B	0.01%
PII	F	0.01%
ACHC	F	0.01%
FHB	B	0.01%
CLF	F	0.01%
UHAL	D	0.01%
IAC	F	0.01%
NVST	B	0.01%
NWS	A	0.01%
W	D	0.01%
PRGO	C	0.01%
VNOM	A	0.01%
TNL	A	0.01%
CIVI	D	0.01%
NWL	C	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	0.01%
RH	C	0.01%
PLNT	A	0.01%
OLED	F	0.01%
TYL	B	0.01%
MSM	C	0.01%
ASH	F	0.01%
LOAR	B	0.0%
UWMC	D	0.0%
SEG	B	0.0%
PARAA	B	0.0%
NFE	D	0.0%
UHAL	D	0.0%
IONS	F	0.0%
GRAL	B	0.0%
TXG	F	0.0%
CACC	D	0.0%
PLTK	B	0.0%
DJT	C	0.0%
CHH	A	0.0%
SEB	F	0.0%
UI	B	0.0%
TFSL	A	0.0%
PATH	C	0.0%
WOLF	F	0.0%
LSCC	D	0.0%
FIVE	F	0.0%
CWEN	C	0.0%
HCP	B	0.0%
CAR	C	0.0%
MTN	C	0.0%
PYCR	B	0.0%
FWONA	A	0.0%
AS	A	0.0%
CERT	F	0.0%
DV	C	0.0%
LBRDA	C	0.0%
NCNO	C	0.0%

IWD Underweight 90 Positions Relative to BIV

Symbol	Grade	Weight
WIT	B	-0.35%
DT	D	-0.11%
MSFT	D	-0.1%
KOF	F	-0.03%
BMO	A	-0.03%
ESGR	B	-0.03%
NOW	A	-0.03%
NVDA	B	-0.03%
BABA	D	-0.03%
LVS	B	-0.02%
LRCX	F	-0.02%
KLAC	F	-0.02%
CNO	B	-0.02%
ARCC	A	-0.02%
TEL	B	-0.02%
ADBE	C	-0.02%
GSK	F	-0.02%
EXPE	B	-0.02%
MPLX	A	-0.02%
ET	A	-0.02%
GOOGL	C	-0.02%
NWG	A	-0.02%
MRK	D	-0.02%
VOD	F	-0.02%
MUFG	B	-0.02%
AMZN	C	-0.02%
SKT	A	-0.01%
SAVE	F	-0.01%
GBDC	D	-0.01%
CBT	D	-0.01%
TME	D	-0.01%
OGS	A	-0.01%
KMT	B	-0.01%
EPRT	B	-0.01%
PSEC	D	-0.01%
LII	A	-0.01%
OCSL	F	-0.01%
MCY	A	-0.01%
PDM	D	-0.01%
KRG	B	-0.01%
FSK	A	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
BDN	C	-0.01%
WB	D	-0.01%
VRSK	A	-0.01%
SITC	D	-0.01%
SCS	C	-0.01%
SAFE	F	-0.01%
BKU	A	-0.01%
AAT	B	-0.01%
MCO	B	-0.01%
GP	F	-0.01%
HP	C	-0.01%
INTU	B	-0.01%
JD	D	-0.01%
SBRA	C	-0.01%
PRE	D	-0.01%
NHI	D	-0.01%
BNS	A	-0.01%
BKH	A	-0.01%
CP	F	-0.01%
TD	D	-0.01%
TSCO	D	-0.01%
SWX	B	-0.01%
HPP	F	-0.01%
DSS	F	-0.01%
LLY	F	-0.01%
FLEX	B	-0.01%
ADSK	A	-0.01%
BIDU	F	-0.01%
WM	B	-0.01%
CLX	A	-0.01%
AZN	F	-0.01%
AER	A	-0.01%
EQNR	C	-0.01%
PAA	B	-0.01%
MA	B	-0.01%
NXPI	D	-0.01%
WEST	C	-0.01%
EQH	C	-0.01%
EPD	A	-0.01%
DB	D	-0.01%
V	A	-0.01%
AMT	C	-0.01%
AAPL	C	-0.01%
COST	A	-0.01%
ORCL	A	-0.01%
AVGO	D	-0.01%
HSBC	A	-0.01%