IWD vs. CFA ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

$176.89

Average Daily Volume

1,691,905

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$80.14

Average Daily Volume

9,170

Number of Holdings ^*

493

* may have additional holdings in another (foreign) market

Performance

Period	IWD	CFA
30 Days	1.21%	1.04%
60 Days	1.76%	1.12%
90 Days	6.39%	5.45%
12 Months	20.01%	20.28%

380 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in CFA	Overlap
A	C	0.04%	0.19%	0.04%
ABT	F	0.82%	0.24%	0.24%
ACGL	A	0.14%	0.23%	0.14%
ACM	C	0.06%	0.25%	0.06%
ADI	A	0.47%	0.2%	0.2%
ADM	C	0.15%	0.15%	0.15%
ADP	D	0.07%	0.24%	0.07%
AEE	C	0.09%	0.23%	0.09%
AEP	A	0.22%	0.23%	0.22%
AES	B	0.02%	0.16%	0.02%
AFG	C	0.04%	0.24%	0.04%
AFL	A	0.23%	0.25%	0.23%
AIG	A	0.26%	0.29%	0.26%
AJG	C	0.23%	0.26%	0.23%
AKAM	D	0.07%	0.21%	0.07%
ALB	C	0.07%	0.09%	0.07%
ALLE	D	0.0%	0.19%	0.0%
ALLY	B	0.05%	0.14%	0.05%
AMAT	C	0.12%	0.14%	0.12%
AMD	D	0.48%	0.08%	0.08%
AME	D	0.18%	0.3%	0.18%
AMGN	B	0.23%	0.22%	0.22%
AON	F	0.26%	0.22%	0.22%
AOS	C	0.04%	0.23%	0.04%
APD	C	0.26%	0.16%	0.16%
APH	A	0.17%	0.31%	0.17%
APP	B	0.05%	0.09%	0.05%
APTV	D	0.1%	0.13%	0.1%
ATO	A	0.09%	0.31%	0.09%
AVTR	D	0.08%	0.15%	0.08%
AVY	A	0.06%	0.27%	0.06%
AWK	B	0.12%	0.23%	0.12%
AXP	A	0.43%	0.24%	0.24%
AZO	D	0.04%	0.22%	0.04%
BAC	B	1.21%	0.21%	0.21%
BALL	B	0.1%	0.17%	0.1%
BBY	D	0.06%	0.16%	0.06%
BDX	F	0.33%	0.24%	0.24%
BEN	F	0.03%	0.14%	0.03%
BIIB	C	0.15%	0.21%	0.15%
BK	A	0.2%	0.25%	0.2%
BKR	D	0.15%	0.23%	0.15%
BLD	D	0.06%	0.13%	0.06%
BLDR	D	0.11%	0.11%	0.11%
BLK	D	0.54%	0.23%	0.23%
BMRN	F	0.07%	0.17%	0.07%
BMY	F	0.42%	0.21%	0.21%
BR	D	0.02%	0.26%	0.02%
BRK.A	D	3.49%	0.37%	0.37%
BRO	C	0.06%	0.25%	0.06%
BSX	B	0.5%	0.26%	0.26%
BSY	A	0.0%	0.17%	0.0%
C	A	0.56%	0.25%	0.25%
CAG	B	0.07%	0.26%	0.07%
CAH	F	0.06%	0.22%	0.06%
CARR	A	0.24%	0.19%	0.19%
CASY	A	0.05%	0.23%	0.05%
CAT	D	0.2%	0.18%	0.18%
CB	C	0.48%	0.27%	0.27%
CBRE	D	0.13%	0.16%	0.13%
CDW	F	0.01%	0.23%	0.01%
CE	C	0.07%	0.18%	0.07%
CEG	A	0.29%	0.15%	0.15%
CF	F	0.07%	0.17%	0.07%
CFG	A	0.08%	0.15%	0.08%
CHD	A	0.01%	0.28%	0.01%
CHK	B	0.05%	0.19%	0.05%
CI	D	0.44%	0.16%	0.16%
CINF	D	0.09%	0.25%	0.09%
CL	A	0.36%	0.35%	0.35%
CMCSA	D	0.72%	0.2%	0.2%
CME	C	0.35%	0.27%	0.27%
CMI	B	0.18%	0.23%	0.18%
CMS	A	0.08%	0.26%	0.08%
CNC	C	0.19%	0.18%	0.18%
CNP	B	0.09%	0.27%	0.09%
COF	B	0.26%	0.19%	0.19%
COIN	D	0.19%	0.07%	0.07%
COP	C	0.7%	0.23%	0.23%
COTY	F	0.02%	0.13%	0.02%
CPB	B	0.04%	0.24%	0.04%
CRL	D	0.06%	0.14%	0.06%
CRM	D	0.3%	0.16%	0.16%
CSCO	D	0.9%	0.24%	0.24%
CSGP	C	0.1%	0.19%	0.1%
CSL	A	0.09%	0.19%	0.09%
CSX	D	0.28%	0.24%	0.24%
CTAS	B	0.03%	0.29%	0.03%
CTRA	B	0.1%	0.21%	0.1%
CTSH	D	0.16%	0.2%	0.16%
CTVA	B	0.19%	0.15%	0.15%
CVS	F	0.34%	0.14%	0.14%
CVX	B	1.32%	0.24%	0.24%
D	B	0.2%	0.2%	0.2%
DAL	A	0.15%	0.19%	0.15%
DAY	F	0.04%	0.12%	0.04%
DD	A	0.16%	0.21%	0.16%
DE	B	0.03%	0.22%	0.03%
DGX	B	0.07%	0.29%	0.07%
DHI	D	0.21%	0.15%	0.15%
DHR	C	0.77%	0.21%	0.21%
DINO	D	0.04%	0.16%	0.04%
DIS	D	0.98%	0.18%	0.18%
DKS	C	0.05%	0.13%	0.05%
DLTR	F	0.12%	0.14%	0.12%
DOV	A	0.12%	0.27%	0.12%
DOW	C	0.19%	0.25%	0.19%
DRI	F	0.04%	0.25%	0.04%
DTE	A	0.11%	0.25%	0.11%
DUK	A	0.36%	0.3%	0.3%
DVN	B	0.15%	0.2%	0.15%
EA	F	0.17%	0.23%	0.17%
EBAY	D	0.11%	0.19%	0.11%
ECL	A	0.06%	0.25%	0.06%
ED	A	0.16%	0.29%	0.16%
EFX	D	0.04%	0.14%	0.04%
EG	C	0.07%	0.2%	0.07%
EIX	A	0.13%	0.24%	0.13%
EL	F	0.1%	0.09%	0.09%
ELV	A	0.51%	0.24%	0.24%
EME	A	0.05%	0.21%	0.05%
EMR	C	0.29%	0.21%	0.21%
ENTG	D	0.09%	0.13%	0.09%
EOG	B	0.37%	0.22%	0.22%
EQT	B	0.07%	0.16%	0.07%
ETN	A	0.6%	0.21%	0.21%
ETR	A	0.11%	0.26%	0.11%
EVRG	B	0.06%	0.25%	0.06%
EXC	B	0.18%	0.23%	0.18%
EXPD	D	0.07%	0.22%	0.07%
EXPE	F	0.02%	0.1%	0.02%
F	D	0.23%	0.15%	0.15%
FANG	B	0.17%	0.21%	0.17%
FAST	D	0.05%	0.23%	0.05%
FCNCA	B	0.08%	0.18%	0.08%
FCX	B	0.33%	0.19%	0.19%
FDX	D	0.29%	0.2%	0.2%
FE	A	0.1%	0.26%	0.1%
FFIV	D	0.05%	0.23%	0.05%
FITB	A	0.12%	0.16%	0.12%
FNF	B	0.06%	0.22%	0.06%
FOXA	B	0.04%	0.22%	0.04%
FSLR	B	0.09%	0.13%	0.09%
FTV	D	0.13%	0.2%	0.13%
GD	A	0.33%	0.29%	0.29%
GDDY	A	0.03%	0.2%	0.03%
GE	A	0.84%	0.23%	0.23%
GEHC	D	0.14%	0.15%	0.14%
GEV	C	0.2%	0.05%	0.05%
GGG	D	0.04%	0.2%	0.04%
GILD	F	0.39%	0.19%	0.19%
GIS	C	0.19%	0.29%	0.19%
GL	F	0.03%	0.21%	0.03%
GLW	B	0.12%	0.23%	0.12%
GM	B	0.25%	0.17%	0.17%
GPC	B	0.1%	0.21%	0.1%
GPN	F	0.14%	0.15%	0.14%
GRMN	A	0.12%	0.26%	0.12%
GS	A	0.65%	0.25%	0.25%
H	D	0.03%	0.15%	0.03%
HAL	F	0.13%	0.18%	0.13%
HBAN	A	0.09%	0.18%	0.09%
HCA	D	0.23%	0.22%	0.22%
HEI	A	0.01%	0.26%	0.01%
HEI	A	0.0%	0.26%	0.0%
HIG	C	0.14%	0.3%	0.14%
HII	D	0.05%	0.22%	0.05%
HLT	D	0.13%	0.24%	0.13%
HOLX	D	0.08%	0.26%	0.08%
HON	C	0.53%	0.29%	0.29%
HPE	D	0.1%	0.18%	0.1%
HPQ	C	0.09%	0.21%	0.09%
HRL	B	0.05%	0.17%	0.05%
HSY	B	0.04%	0.26%	0.04%
HUBB	D	0.05%	0.19%	0.05%
HUM	F	0.11%	0.13%	0.11%
HWM	A	0.14%	0.23%	0.14%
IBKR	B	0.06%	0.21%	0.06%
IBM	D	0.71%	0.22%	0.22%
ICE	C	0.34%	0.27%	0.27%
IEX	D	0.07%	0.24%	0.07%
INCY	D	0.01%	0.17%	0.01%
INTC	F	0.61%	0.09%	0.09%
IP	C	0.06%	0.2%	0.06%
IPG	D	0.06%	0.17%	0.06%
IQV	D	0.01%	0.16%	0.01%
IR	D	0.18%	0.24%	0.18%
ITW	D	0.06%	0.27%	0.06%
J	D	0.09%	0.22%	0.09%
JBHT	F	0.05%	0.15%	0.05%
JBL	D	0.03%	0.1%	0.03%
JCI	B	0.2%	0.19%	0.19%
JKHY	D	0.04%	0.23%	0.04%
JNJ	F	1.72%	0.29%	0.29%
JPM	B	2.63%	0.34%	0.34%
K	B	0.08%	0.26%	0.08%
KDP	B	0.15%	0.28%	0.15%
KEY	C	0.07%	0.12%	0.07%
KEYS	D	0.09%	0.16%	0.09%
KHC	C	0.14%	0.27%	0.14%
KKR	C	0.23%	0.16%	0.16%
KMB	B	0.01%	0.36%	0.01%
KMI	A	0.17%	0.3%	0.17%
KMX	D	0.05%	0.11%	0.05%
KO	A	0.58%	0.37%	0.37%
KR	B	0.17%	0.3%	0.17%
L	A	0.07%	0.37%	0.07%
LDOS	A	0.09%	0.27%	0.09%
LECO	D	0.0%	0.18%	0.0%
LEN	D	0.01%	0.16%	0.01%
LEN	D	0.18%	0.16%	0.16%
LH	F	0.08%	0.26%	0.08%
LHX	A	0.19%	0.22%	0.19%
LII	C	0.07%	0.18%	0.07%
LIN	D	0.88%	0.28%	0.28%
LKQ	D	0.05%	0.2%	0.05%
LNT	B	0.06%	0.26%	0.06%
LOW	D	0.17%	0.21%	0.17%
LRCX	D	0.03%	0.14%	0.03%
LUV	D	0.07%	0.11%	0.07%
LVS	D	0.01%	0.14%	0.01%
LW	F	0.0%	0.15%	0.0%
LYB	C	0.12%	0.25%	0.12%
LYV	D	0.05%	0.17%	0.05%
MAS	D	0.07%	0.17%	0.07%
MCD	F	0.56%	0.32%	0.32%
MCHP	B	0.06%	0.17%	0.06%
MCK	B	0.21%	0.26%	0.21%
MCO	C	0.02%	0.23%	0.02%
MDLZ	B	0.46%	0.27%	0.27%
MDT	D	0.51%	0.25%	0.25%
MET	C	0.21%	0.24%	0.21%
MGM	F	0.05%	0.14%	0.05%
MKC	B	0.09%	0.22%	0.09%
MKL	A	0.1%	0.21%	0.1%
MLM	C	0.17%	0.22%	0.17%
MMC	C	0.09%	0.32%	0.09%
MO	A	0.37%	0.28%	0.28%
MOH	D	0.04%	0.17%	0.04%
MPC	D	0.32%	0.2%	0.2%
MRK	B	1.27%	0.28%	0.28%
MRO	D	0.07%	0.18%	0.07%
MS	A	0.52%	0.21%	0.21%
MSCI	D	0.09%	0.16%	0.09%
MSI	A	0.02%	0.28%	0.02%
MTB	A	0.12%	0.17%	0.12%
NDAQ	D	0.11%	0.27%	0.11%
NDSN	C	0.07%	0.26%	0.07%
NEE	B	0.67%	0.2%	0.2%
NI	A	0.06%	0.25%	0.06%
NKE	D	0.24%	0.15%	0.15%
NOC	B	0.3%	0.22%	0.22%
NSC	D	0.25%	0.19%	0.19%
NTAP	B	0.06%	0.23%	0.06%
NTRS	C	0.08%	0.16%	0.08%
NUE	F	0.2%	0.16%	0.16%
NVR	D	0.09%	0.19%	0.09%
NWSA	D	0.04%	0.19%	0.04%
OC	B	0.07%	0.18%	0.07%
ODFL	F	0.01%	0.14%	0.01%
OKE	B	0.2%	0.25%	0.2%
OMC	B	0.09%	0.22%	0.09%
ON	F	0.14%	0.09%	0.09%
ORCL	D	0.5%	0.16%	0.16%
ORLY	D	0.04%	0.22%	0.04%
OTIS	D	0.17%	0.3%	0.17%
OVV	C	0.03%	0.16%	0.03%
OXY	C	0.21%	0.21%	0.21%
PCAR	D	0.26%	0.24%	0.24%
PCG	B	0.17%	0.23%	0.17%
PEG	A	0.17%	0.29%	0.17%
PEP	B	0.36%	0.32%	0.32%
PFE	D	0.75%	0.21%	0.21%
PFG	C	0.09%	0.23%	0.09%
PFGC	D	0.03%	0.19%	0.03%
PG	A	1.49%	0.34%	0.34%
PGR	A	0.15%	0.19%	0.15%
PH	B	0.32%	0.2%	0.2%
PHM	B	0.12%	0.16%	0.12%
PKG	D	0.07%	0.22%	0.07%
PM	A	0.72%	0.33%	0.33%
PNC	B	0.3%	0.19%	0.19%
PPG	D	0.11%	0.23%	0.11%
PPL	A	0.1%	0.28%	0.1%
PRU	A	0.19%	0.25%	0.19%
PSTG	C	0.02%	0.1%	0.02%
PSX	D	0.3%	0.21%	0.21%
PTC	D	0.04%	0.24%	0.04%
PWR	B	0.13%	0.17%	0.13%
PYPL	C	0.03%	0.14%	0.03%
QCOM	B	0.12%	0.17%	0.12%
RCL	A	0.11%	0.16%	0.11%
REGN	C	0.43%	0.22%	0.22%
RF	B	0.09%	0.15%	0.09%
RGA	A	0.06%	0.28%	0.06%
RGEN	F	0.02%	0.09%	0.02%
RJF	C	0.11%	0.22%	0.11%
RL	D	0.03%	0.14%	0.03%
RNR	C	0.04%	0.17%	0.04%
ROP	D	0.26%	0.31%	0.26%
ROST	D	0.01%	0.21%	0.01%
RPM	D	0.05%	0.19%	0.05%
RS	D	0.08%	0.17%	0.08%
RSG	C	0.18%	0.37%	0.18%
RTX	A	0.7%	0.22%	0.22%
SAIA	F	0.05%	0.09%	0.05%
SCHW	A	0.53%	0.17%	0.17%
SCI	D	0.03%	0.18%	0.03%
SHW	D	0.06%	0.23%	0.06%
SLB	F	0.32%	0.17%	0.17%
SNA	D	0.07%	0.22%	0.07%
SO	A	0.39%	0.29%	0.29%
SPGI	C	0.58%	0.22%	0.22%
SQ	D	0.12%	0.08%	0.08%
SRE	B	0.22%	0.27%	0.22%
SSNC	C	0.06%	0.23%	0.06%
STE	D	0.1%	0.21%	0.1%
STLD	D	0.09%	0.16%	0.09%
STT	C	0.1%	0.19%	0.1%
STZ	D	0.18%	0.28%	0.18%
SWKS	F	0.07%	0.15%	0.07%
SYF	B	0.09%	0.19%	0.09%
SYK	D	0.41%	0.21%	0.21%
T	B	0.57%	0.19%	0.19%
TAP	F	0.05%	0.23%	0.05%
TDG	A	0.27%	0.24%	0.24%
TDY	D	0.09%	0.21%	0.09%
TECH	B	0.0%	0.15%	0.0%
TER	B	0.01%	0.17%	0.01%
TMO	D	0.4%	0.22%	0.22%
TMUS	B	0.38%	0.34%	0.34%
TOL	B	0.06%	0.15%	0.06%
TPR	D	0.04%	0.12%	0.04%
TRMB	D	0.07%	0.15%	0.07%
TROW	D	0.12%	0.18%	0.12%
TRV	D	0.23%	0.27%	0.23%
TT	A	0.24%	0.21%	0.21%
TW	A	0.04%	0.2%	0.04%
TXN	A	0.45%	0.22%	0.22%
TXT	D	0.08%	0.19%	0.08%
TYL	A	0.02%	0.21%	0.02%
UAL	B	0.08%	0.15%	0.08%
UHAL	B	0.02%	0.16%	0.02%
UHAL	B	0.0%	0.16%	0.0%
UNH	C	0.35%	0.23%	0.23%
UNP	C	0.39%	0.22%	0.22%
UPS	D	0.37%	0.21%	0.21%
URI	D	0.17%	0.13%	0.13%
USB	D	0.3%	0.14%	0.14%
USFD	C	0.05%	0.24%	0.05%
UTHR	B	0.06%	0.23%	0.06%
VLO	D	0.25%	0.2%	0.2%
VLTO	A	0.1%	0.15%	0.1%
VMC	C	0.13%	0.22%	0.13%
VRSN	F	0.07%	0.23%	0.07%
VRT	A	0.14%	0.12%	0.12%
VRTX	C	0.04%	0.19%	0.04%
VST	B	0.1%	0.28%	0.1%
VTRS	C	0.07%	0.16%	0.07%
VZ	D	0.78%	0.18%	0.18%
WAB	A	0.14%	0.31%	0.14%
WBA	F	0.06%	0.1%	0.06%
WEC	B	0.12%	0.26%	0.12%
WFC	A	1.03%	0.22%	0.22%
WLK	B	0.02%	0.19%	0.02%
WM	B	0.04%	0.3%	0.04%
WMB	A	0.22%	0.3%	0.22%
WMT	C	1.22%	0.3%	0.3%
WRB	D	0.08%	0.22%	0.08%
WSM	B	0.08%	0.16%	0.08%
WSO	B	0.05%	0.21%	0.05%
WYNN	D	0.04%	0.15%	0.04%
XEL	C	0.14%	0.23%	0.14%
XOM	B	2.21%	0.24%	0.24%
XPO	D	0.06%	0.1%	0.06%
XYL	A	0.14%	0.25%	0.14%
YUM	C	0.02%	0.31%	0.02%
ZBH	D	0.12%	0.21%	0.12%
ZBRA	A	0.06%	0.12%	0.06%
ZM	F	0.08%	0.14%	0.08%

IWD Overweight 464 Positions Relative to CFA

Symbol	Grade	Weight
MU	B	0.58%
PLD	D	0.46%
BA	F	0.42%
FI	C	0.31%
PXD	B	0.3%
MRVL	D	0.27%
WELL	A	0.25%
MMM	B	0.25%
TFC	B	0.24%
NEM	B	0.23%
O	B	0.22%
ALL	B	0.21%
FIS	C	0.2%
FERG	B	0.2%
MRNA	B	0.2%
DLR	D	0.2%
CCI	D	0.18%
SPG	C	0.17%
DFS	C	0.15%
EQIX	F	0.15%
EXR	D	0.14%
VICI	B	0.14%
AVB	A	0.13%
EQR	A	0.12%
IFF	A	0.11%
WDC	B	0.11%
WY	F	0.11%
WTW	D	0.11%
TTWO	D	0.11%
ARE	D	0.1%
ICLR	D	0.1%
INVH	B	0.1%
ES	B	0.1%
KVUE	C	0.1%
VTR	B	0.09%
BAX	F	0.09%
SBAC	D	0.09%
HES	B	0.09%
ESS	A	0.08%
NRG	B	0.08%
TSN	B	0.08%
PSA	D	0.08%
COO	D	0.08%
WBD	F	0.08%
FWONK	B	0.07%
ILMN	F	0.07%
AMCR	A	0.07%
CCL	F	0.07%
TRU	C	0.07%
BG	B	0.07%
MAA	B	0.07%
SJM	F	0.06%
UDR	B	0.06%
NVT	A	0.06%
THC	A	0.06%
AMH	B	0.06%
WPC	C	0.06%
KIM	C	0.06%
RVTY	D	0.06%
HST	D	0.06%
PNR	C	0.06%
WRK	A	0.06%
SWK	F	0.06%
DOC	A	0.06%
OKTA	D	0.06%
WTRG	B	0.05%
QGEN	C	0.05%
NLY	A	0.05%
ATR	A	0.05%
DOX	D	0.05%
BBWI	C	0.05%
CW	A	0.05%
WWD	A	0.05%
CNM	A	0.05%
UHS	D	0.05%
CTLT	D	0.05%
ITT	A	0.05%
CPT	B	0.05%
CLH	B	0.05%
EWBC	A	0.05%
RPRX	F	0.05%
RRX	D	0.05%
REG	F	0.05%
JNPR	D	0.05%
GLPI	D	0.05%
HOOD	C	0.05%
FTI	B	0.05%
SUI	D	0.05%
IRM	C	0.05%
EMN	A	0.05%
CNHI	D	0.05%
NTNX	A	0.05%
LEA	F	0.04%
KNX	D	0.04%
MIDD	F	0.04%
OSK	D	0.04%
INGR	A	0.04%
CGNX	B	0.04%
NNN	B	0.04%
ELS	D	0.04%
OHI	B	0.04%
WBS	D	0.04%
DASH	D	0.04%
EHC	A	0.04%
GNRC	B	0.04%
AYI	C	0.04%
AFRM	D	0.04%
MKSI	D	0.04%
SNX	A	0.04%
SF	A	0.04%
ACI	D	0.04%
ORI	A	0.04%
JEF	B	0.04%
SWN	C	0.04%
RGLD	B	0.04%
PARA	C	0.04%
GNTX	D	0.04%
HAS	B	0.04%
NU	C	0.04%
ARMK	C	0.04%
SKX	B	0.04%
X	D	0.04%
RRC	B	0.04%
BWA	B	0.04%
UNM	B	0.04%
PNW	B	0.04%
FRT	B	0.04%
CG	D	0.04%
CLF	F	0.04%
TWLO	D	0.04%
CCK	C	0.04%
FHN	A	0.04%
JLL	C	0.04%
TTEK	B	0.04%
SOLV	C	0.04%
HSIC	D	0.04%
FBIN	D	0.04%
CACI	A	0.04%
REXR	D	0.04%
GEN	F	0.04%
CUBE	D	0.04%
AR	B	0.04%
GWRE	C	0.04%
MOS	F	0.04%
AIZ	D	0.04%
QRVO	F	0.04%
TFX	F	0.04%
BXP	F	0.04%
ESI	D	0.03%
AL	B	0.03%
IVZ	D	0.03%
ALK	C	0.03%
POST	B	0.03%
AMG	D	0.03%
RITM	A	0.03%
SON	C	0.03%
SNV	C	0.03%
PB	B	0.03%
FAF	D	0.03%
TKR	B	0.03%
R	A	0.03%
AZPN	D	0.03%
HR	B	0.03%
WH	F	0.03%
MTG	B	0.03%
AIRC	A	0.03%
OMF	B	0.03%
KBR	B	0.03%
HXL	C	0.03%
AAL	C	0.03%
MTZ	B	0.03%
MSA	C	0.03%
ADC	B	0.03%
STWD	C	0.03%
BIO	F	0.03%
LFUS	B	0.03%
FCN	B	0.03%
ESAB	B	0.03%
FYBR	B	0.03%
GXO	C	0.03%
ST	B	0.03%
ACHC	F	0.03%
XRAY	F	0.03%
ALSN	D	0.03%
DTM	A	0.03%
PNFP	C	0.03%
WTFC	B	0.03%
HLI	A	0.03%
MHK	D	0.03%
FLS	A	0.03%
Z	F	0.03%
BPOP	A	0.03%
FR	D	0.03%
ZION	B	0.03%
XP	D	0.03%
CFR	D	0.03%
STAG	D	0.03%
COLD	F	0.03%
OLN	D	0.03%
AA	B	0.03%
FMC	B	0.03%
AGNC	C	0.03%
KEX	A	0.03%
MAT	D	0.03%
WAL	B	0.03%
PVH	D	0.03%
BILL	F	0.03%
AZEK	D	0.03%
ROKU	F	0.03%
ARW	B	0.03%
EVR	C	0.03%
BJ	B	0.03%
MTN	F	0.03%
ELAN	B	0.03%
SOFI	F	0.03%
RIVN	F	0.03%
SAIC	C	0.03%
CBSH	A	0.03%
SEIC	C	0.03%
TPX	D	0.03%
BRX	C	0.03%
DAR	D	0.03%
CR	A	0.03%
LAD	D	0.03%
BERY	D	0.03%
VOYA	B	0.03%
CIEN	D	0.03%
CMA	B	0.03%
AXTA	A	0.03%
AGCO	F	0.03%
OWL	B	0.03%
OGE	A	0.03%
EXAS	F	0.03%
RBC	C	0.03%
COHR	D	0.03%
RHI	D	0.03%
NYT	B	0.03%
EGP	D	0.03%
BWXT	D	0.03%
WCC	B	0.03%
NOV	D	0.03%
CACC	D	0.02%
AM	A	0.02%
JAZZ	D	0.02%
NVST	F	0.02%
FTRE	D	0.02%
W	C	0.02%
CLVT	F	0.02%
PK	D	0.02%
NEU	D	0.02%
GME	B	0.02%
VAC	D	0.02%
FRPT	B	0.02%
SPR	D	0.02%
RH	D	0.02%
MSGS	B	0.02%
NXST	C	0.02%
KMPR	B	0.02%
BEPC	B	0.02%
CUZ	B	0.02%
CCCS	F	0.02%
AWI	D	0.02%
DXC	F	0.02%
SLGN	B	0.02%
MAN	B	0.02%
ALNY	D	0.02%
GFS	D	0.02%
BYD	F	0.02%
LSXMK	D	0.02%
GPK	C	0.02%
CC	C	0.02%
FOX	B	0.02%
CPRI	F	0.02%
KRC	F	0.02%
OLED	B	0.02%
IAC	B	0.02%
HUN	C	0.02%
GPS	D	0.02%
VVV	D	0.02%
COLB	C	0.02%
SRCL	D	0.02%
G	D	0.02%
LNC	C	0.02%
PII	F	0.02%
VNT	D	0.02%
MSM	F	0.02%
AGO	D	0.02%
CZR	F	0.02%
U	F	0.02%
GMED	C	0.02%
JHG	A	0.02%
LAZ	C	0.02%
RYN	F	0.02%
HOG	D	0.02%
AVT	A	0.02%
VFC	F	0.02%
PRGO	C	0.02%
S	D	0.02%
AAP	D	0.02%
RLI	A	0.02%
SITE	F	0.02%
WTM	A	0.02%
KD	A	0.02%
CRUS	A	0.02%
VNO	F	0.02%
THG	A	0.02%
AN	B	0.02%
DLB	C	0.02%
FLO	B	0.02%
VMI	B	0.02%
LPX	A	0.02%
ANSS	D	0.02%
ASH	A	0.02%
LBRDK	F	0.02%
IDA	B	0.02%
NFG	A	0.02%
FNB	A	0.02%
WEX	D	0.02%
OZK	B	0.02%
OGN	B	0.02%
AXS	A	0.02%
WHR	F	0.02%
MDU	A	0.02%
BC	D	0.02%
THO	D	0.02%
UGI	B	0.02%
NCLH	F	0.02%
DCI	B	0.02%
M	D	0.02%
BFAM	C	0.02%
WSC	D	0.02%
SSRM	D	0.01%
HE	F	0.01%
SNDR	D	0.01%
VSTS	F	0.01%
DNA	F	0.01%
CNA	B	0.01%
INFA	D	0.01%
UAA	F	0.01%
PLUG	F	0.01%
UA	D	0.01%
LSTR	D	0.01%
CAR	D	0.01%
CERT	D	0.01%
NATL	B	0.01%
FWONA	B	0.01%
KLG	B	0.01%
PPC	A	0.01%
DOCS	F	0.01%
CPAY	B	0.01%
VYX	D	0.01%
MRCY	D	0.01%
REYN	C	0.01%
ADT	B	0.01%
LLYVK	D	0.01%
MP	D	0.01%
PATH	D	0.01%
TNL	D	0.01%
LSXMA	D	0.01%
LEG	F	0.01%
EXEL	F	0.01%
HAYW	C	0.01%
QS	F	0.01%
VIRT	B	0.01%
RCM	D	0.01%
IART	F	0.01%
VSAT	D	0.01%
SIRI	F	0.01%
PHIN	A	0.01%
NCNO	D	0.01%
CWEN	B	0.01%
CABO	F	0.01%
ICUI	F	0.01%
LCID	F	0.01%
TNDM	B	0.01%
CHRW	C	0.01%
TDOC	F	0.01%
ZG	F	0.01%
TPG	D	0.01%
PENN	F	0.01%
SEE	C	0.01%
QDEL	F	0.01%
HHH	D	0.01%
JWN	B	0.01%
EEFT	C	0.01%
CHE	D	0.01%
ZI	F	0.01%
RUN	D	0.01%
NYCB	D	0.01%
LAMR	B	0.01%
HRB	B	0.01%
GO	F	0.01%
SPB	C	0.01%
WU	C	0.01%
CNXC	D	0.01%
BOKF	A	0.01%
PINC	F	0.01%
CRI	F	0.01%
DNB	D	0.01%
IPGP	D	0.01%
AGR	B	0.01%
PRI	D	0.01%
NSA	D	0.01%
PLNT	D	0.01%
GTES	D	0.01%
KSS	F	0.01%
BHF	D	0.01%
ENOV	F	0.01%
FHB	B	0.01%
APA	F	0.01%
HIW	B	0.01%
MPW	D	0.01%
COLM	B	0.01%
AZTA	D	0.01%
SLM	B	0.01%
TRIP	F	0.01%
NWS	D	0.01%
LOPE	B	0.01%
LITE	F	0.01%
NWL	C	0.01%
PAG	F	0.01%
CXT	B	0.01%
WOLF	F	0.01%
AMED	C	0.01%
EXP	A	0.01%
RBA	D	0.01%
ETSY	F	0.01%
OLLI	B	0.01%
EPR	C	0.01%
RNAC	C	0.0%
AMBP	B	0.0%
PLTK	C	0.0%
UI	D	0.0%
WOOF	F	0.0%
AGL	F	0.0%
OLPX	F	0.0%
ROIV	B	0.0%
SAM	D	0.0%
CART	C	0.0%
IRDM	D	0.0%
PARAA	B	0.0%
NLOP	B	0.0%
SHC	F	0.0%
MRVI	B	0.0%
MUSA	D	0.0%
UWMC	B	0.0%
MCW	C	0.0%
PYCR	F	0.0%
TFSL	B	0.0%
HTZ	F	0.0%
LBRDA	F	0.0%
DBX	F	0.0%
LLYVA	D	0.0%
SEB	C	0.0%
CAVA	B	0.0%
DRVN	F	0.0%
VSCO	F	0.0%
AMC	F	0.0%
BIRK	D	0.0%
CWEN	B	0.0%
IONS	F	0.0%
MTCH	F	0.0%
RKT	B	0.0%
HCP	B	0.0%

IWD Underweight 116 Positions Relative to CFA

Symbol	Grade	Weight
V	C	-0.33%
TJX	C	-0.3%
LMT	A	-0.29%
MA	D	-0.29%
COST	B	-0.29%
VRSK	B	-0.27%
AMP	C	-0.27%
CBOE	C	-0.26%
ABBV	D	-0.26%
AAPL	B	-0.25%
CMG	A	-0.25%
SYY	D	-0.25%
PAYX	D	-0.25%
HD	D	-0.24%
CPRT	D	-0.24%
FDS	D	-0.24%
TRGP	B	-0.24%
RYAN	D	-0.23%
TSCO	B	-0.23%
TEL	C	-0.23%
LNG	D	-0.23%
NBIX	B	-0.22%
EQH	A	-0.22%
GWW	D	-0.22%
MSFT	C	-0.22%
DPZ	B	-0.21%
MAR	D	-0.21%
ACN	D	-0.21%
GOOGL	B	-0.21%
CRBG	A	-0.21%
MNST	D	-0.2%
INTU	D	-0.2%
ROL	B	-0.2%
LPLA	B	-0.19%
ARES	A	-0.19%
BAH	B	-0.19%
WMG	B	-0.18%
MTD	D	-0.18%
CLX	F	-0.18%
SBUX	F	-0.18%
APO	C	-0.18%
ISRG	D	-0.17%
FICO	C	-0.17%
AMZN	A	-0.17%
MORN	D	-0.17%
NOW	D	-0.17%
CDNS	D	-0.17%
IT	D	-0.17%
BKNG	B	-0.17%
WAT	D	-0.16%
CPNG	B	-0.16%
WST	D	-0.16%
DELL	B	-0.16%
TGT	D	-0.16%
LLY	C	-0.16%
NXPI	A	-0.16%
SNPS	D	-0.16%
EW	D	-0.16%
RMD	B	-0.16%
AVGO	C	-0.15%
KLAC	A	-0.15%
TPL	C	-0.15%
POOL	F	-0.15%
MANH	D	-0.15%
ZTS	D	-0.15%
ADSK	F	-0.15%
PR	B	-0.15%
DG	D	-0.14%
VEEV	D	-0.14%
BRKR	D	-0.14%
ABNB	D	-0.14%
DOCU	B	-0.14%
AXON	B	-0.14%
WMS	C	-0.14%
WDAY	F	-0.14%
ULTA	F	-0.14%
ROK	F	-0.14%
ERIE	C	-0.14%
DT	F	-0.14%
ADBE	D	-0.14%
DVA	B	-0.14%
BX	D	-0.14%
IDXX	D	-0.13%
DXCM	D	-0.13%
FIX	A	-0.13%
UBER	D	-0.12%
FIVE	F	-0.12%
CHTR	F	-0.12%
META	D	-0.12%
DECK	D	-0.12%
FND	D	-0.12%
EDR	A	-0.12%
NFLX	C	-0.12%
MEDP	D	-0.12%
NVDA	B	-0.12%
PODD	C	-0.11%
EPAM	D	-0.11%
BURL	D	-0.1%
TTD	B	-0.1%
MPWR	B	-0.1%
ANET	C	-0.1%
FTNT	F	-0.1%
PANW	B	-0.09%
DDOG	D	-0.09%
LSCC	F	-0.09%
TSLA	D	-0.09%
ALGN	F	-0.09%
KNSL	D	-0.09%
ENPH	F	-0.07%
MSTR	D	-0.07%
ELF	D	-0.07%
CELH	D	-0.07%
PLTR	D	-0.06%
ESTC	B	-0.06%
CVNA	B	-0.05%
SMCI	D	-0.04%