IWD vs. DFVX ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Dimensional US Large Cap Vector ETF (DFVX)

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 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

DFVX

Dimensional US Large Cap Vector ETF

DFVX Description

The advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The portfolio is designed to purchase a broad and diverse group of readily marketable securities of U.S. large cap companies that the advisor determines to have higher profitability and lower relative price as compared to other U.S. large cap companies at the time of purchase. As a non-fundamental policy, under normal circumstances, the portfolio will invest at least 80% of its net assets in equity securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$67.99

Average Daily Volume

14,879

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	IWD	DFVX
30 Days	3.53%	3.63%
60 Days	4.90%	4.02%
90 Days	6.95%	6.22%
12 Months	29.54%	28.45%

282 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in DFVX	Overlap
	A	D	0.15%	0.19%	0.15%
	ABBV	D	0.65%	0.66%	0.65%
	ABT	B	0.78%	0.57%	0.57%
	ACGL	D	0.14%	0.14%	0.14%
	ACI	C	0.03%	0.0%	0.0%
	ACM	A	0.06%	0.02%	0.02%
	ACN	C	0.86%	0.7%	0.7%
	ADI	D	0.4%	0.23%	0.23%
	ADP	B	0.03%	0.59%	0.03%
	AFG	A	0.04%	0.01%	0.01%
	AFL	B	0.24%	0.09%	0.09%
	AIG	B	0.19%	0.28%	0.19%
	AJG	B	0.23%	0.18%	0.18%
	AKAM	D	0.05%	0.09%	0.05%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	A	0.17%	0.05%	0.05%
	ALLE	D	0.05%	0.02%	0.02%
	ALLY	C	0.03%	0.01%	0.01%
	AMAT	F	0.04%	0.4%	0.04%
	AMCR	D	0.06%	0.13%	0.06%
	AME	A	0.17%	0.24%	0.17%
	AMGN	D	0.13%	0.73%	0.13%
	AMP	A	0.02%	0.44%	0.02%
	AON	A	0.29%	0.03%	0.03%
	AOS	F	0.03%	0.05%	0.03%
	APD	A	0.27%	0.18%	0.18%
	APH	A	0.14%	0.11%	0.11%
	APO	B	0.08%	0.16%	0.08%
	AVY	D	0.04%	0.13%	0.04%
	AXP	A	0.39%	0.94%	0.39%
	BALL	D	0.07%	0.08%	0.07%
	BBY	D	0.08%	0.23%	0.08%
	BDX	F	0.25%	0.19%	0.19%
	BG	F	0.05%	0.1%	0.05%
	BJ	A	0.04%	0.01%	0.01%
	BKR	B	0.17%	0.24%	0.17%
	BLD	D	0.04%	0.03%	0.03%
	BLDR	D	0.07%	0.18%	0.07%
	BMY	B	0.44%	0.41%	0.41%
	BR	A	0.01%	0.1%	0.01%
	BRO	B	0.06%	0.19%	0.06%
	BSX	B	0.5%	0.07%	0.07%
	CAG	D	0.05%	0.01%	0.01%
	CARR	D	0.24%	0.15%	0.15%
	CASY	A	0.05%	0.13%	0.05%
	CAT	B	0.63%	1.09%	0.63%
	CBOE	B	0.08%	0.08%	0.08%
	CBRE	B	0.16%	0.08%	0.08%
	CDW	F	0.05%	0.13%	0.05%
	CE	F	0.02%	0.04%	0.02%
	CF	B	0.06%	0.13%	0.06%
	CHD	B	0.1%	0.09%	0.09%
	CHTR	C	0.14%	0.14%	0.14%
	CI	F	0.32%	0.32%	0.32%
	CINF	A	0.09%	0.12%	0.09%
	CLH	B	0.05%	0.1%	0.05%
	CMCSA	B	0.64%	0.67%	0.64%
	CMI	A	0.19%	0.24%	0.19%
	COIN	C	0.04%	0.03%	0.03%
	COP	C	0.51%	0.69%	0.51%
	CPB	D	0.03%	0.12%	0.03%
	CPRT	A	0.01%	0.02%	0.01%
	CSCO	B	0.91%	0.65%	0.65%
	CSL	C	0.07%	0.13%	0.07%
	CSX	B	0.27%	0.42%	0.27%
	CTAS	B	0.01%	0.29%	0.01%
	CTRA	B	0.07%	0.15%	0.07%
	CTSH	B	0.15%	0.26%	0.15%
	CVS	D	0.26%	0.02%	0.02%
	CVX	A	1.08%	1.1%	1.08%
	CW	B	0.05%	0.01%	0.01%
	DAL	C	0.16%	0.39%	0.16%
	DE	A	0.39%	0.5%	0.39%
	DFS	B	0.17%	0.31%	0.17%
	DG	F	0.06%	0.08%	0.06%
	DGX	A	0.07%	0.13%	0.07%
	DHI	D	0.19%	0.22%	0.19%
	DKS	C	0.04%	0.08%	0.04%
	DLTR	F	0.05%	0.04%	0.04%
	DOV	A	0.11%	0.09%	0.09%
	DOW	F	0.12%	0.18%	0.12%
	DRI	B	0.04%	0.19%	0.04%
	DVN	F	0.09%	0.22%	0.09%
	EA	A	0.17%	0.21%	0.17%
	EBAY	D	0.12%	0.24%	0.12%
	ECL	D	0.03%	0.04%	0.03%
	EFX	F	0.09%	0.08%	0.08%
	EG	C	0.05%	0.02%	0.02%
	EL	F	0.04%	0.02%	0.02%
	ELV	F	0.3%	0.35%	0.3%
	EME	C	0.05%	0.23%	0.05%
	EMN	D	0.05%	0.03%	0.03%
	EOG	A	0.3%	0.41%	0.3%
	ETN	A	0.56%	0.35%	0.35%
	EW	C	0.13%	0.13%	0.13%
	EWBC	A	0.06%	0.04%	0.04%
	EXPD	D	0.06%	0.13%	0.06%
	F	C	0.17%	0.32%	0.17%
	FANG	D	0.13%	0.23%	0.13%
	FAST	B	0.03%	0.26%	0.03%
	FCNCA	A	0.1%	0.15%	0.1%
	FCX	D	0.24%	0.17%	0.17%
	FDS	B	0.05%	0.12%	0.05%
	FDX	B	0.26%	0.36%	0.26%
	FFIV	B	0.05%	0.01%	0.01%
	FI	A	0.32%	0.39%	0.32%
	FIS	C	0.19%	0.32%	0.19%
	FITB	A	0.12%	0.15%	0.12%
	FND	C	0.03%	0.01%	0.01%
	FNF	B	0.06%	0.1%	0.06%
	FOX	A	0.02%	0.03%	0.02%
	FOXA	B	0.04%	0.14%	0.04%
	FSLR	F	0.08%	0.08%	0.08%
	FTI	A	0.05%	0.0%	0.0%
	GD	F	0.31%	0.21%	0.21%
	GEHC	F	0.13%	0.26%	0.13%
	GEN	B	0.06%	0.16%	0.06%
	GFS	C	0.02%	0.01%	0.01%
	GGG	B	0.06%	0.11%	0.06%
	GILD	C	0.43%	0.69%	0.43%
	GIS	D	0.14%	0.24%	0.14%
	GLW	B	0.14%	0.26%	0.14%
	GM	B	0.25%	0.45%	0.25%
	GPC	D	0.07%	0.11%	0.07%
	GWW	B	0.03%	0.33%	0.03%
	HAL	C	0.1%	0.15%	0.1%
	HBAN	A	0.1%	0.03%	0.03%
	HES	B	0.06%	0.33%	0.06%
	HIG	B	0.13%	0.3%	0.13%
	HON	B	0.49%	0.76%	0.49%
	HPE	B	0.11%	0.18%	0.11%
	HSY	F	0.08%	0.11%	0.08%
	HUBB	B	0.09%	0.1%	0.09%
	HUM	C	0.13%	0.06%	0.06%
	HWM	A	0.17%	0.13%	0.13%
	IBM	C	0.73%	1.06%	0.73%
	IEX	B	0.07%	0.07%	0.07%
	IP	B	0.08%	0.07%	0.07%
	IPG	D	0.04%	0.05%	0.04%
	IQV	D	0.12%	0.26%	0.12%
	ITW	B	0.2%	0.34%	0.2%
	JBHT	C	0.06%	0.11%	0.06%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.22%	0.25%	0.22%
	JKHY	D	0.05%	0.07%	0.05%
	JNJ	D	1.45%	1.76%	1.45%
	JPM	A	2.74%	2.79%	2.74%
	K	A	0.08%	0.04%	0.04%
	KEYS	A	0.1%	0.09%	0.09%
	KMB	D	0.1%	0.17%	0.1%
	KO	D	0.4%	0.57%	0.4%
	KR	B	0.15%	0.37%	0.15%
	KVUE	A	0.18%	0.05%	0.05%
	LDOS	C	0.08%	0.05%	0.05%
	LECO	B	0.03%	0.04%	0.03%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LIN	D	0.84%	0.63%	0.63%
	LKQ	D	0.04%	0.01%	0.01%
	LMT	D	0.3%	0.67%	0.3%
	LNG	B	0.09%	0.35%	0.09%
	LYB	F	0.08%	0.18%	0.08%
	MCHP	D	0.13%	0.23%	0.13%
	MDLZ	F	0.34%	0.21%	0.21%
	MET	A	0.19%	0.4%	0.19%
	MKL	A	0.07%	0.1%	0.07%
	MLM	B	0.13%	0.17%	0.13%
	MMC	B	0.37%	0.41%	0.37%
	MMM	D	0.23%	0.17%	0.17%
	MNST	C	0.03%	0.02%	0.02%
	MOH	F	0.02%	0.08%	0.02%
	MPC	D	0.22%	0.34%	0.22%
	MRO	B	0.06%	0.08%	0.06%
	MS	A	0.57%	0.01%	0.01%
	NDAQ	A	0.13%	0.01%	0.01%
	NDSN	B	0.06%	0.05%	0.05%
	NKE	D	0.14%	0.13%	0.13%
	NOC	D	0.27%	0.16%	0.16%
	NRG	B	0.04%	0.14%	0.04%
	NSC	B	0.23%	0.13%	0.13%
	NTAP	C	0.05%	0.15%	0.05%
	NTRS	A	0.08%	0.02%	0.02%
	NUE	C	0.14%	0.23%	0.14%
	NVR	D	0.1%	0.25%	0.1%
	NVT	B	0.05%	0.01%	0.01%
	OC	A	0.07%	0.17%	0.07%
	OKE	A	0.25%	0.3%	0.25%
	OMC	C	0.07%	0.15%	0.07%
	ON	D	0.11%	0.12%	0.11%
	OVV	B	0.04%	0.02%	0.02%
	OXY	D	0.13%	0.17%	0.13%
	PAG	B	0.01%	0.02%	0.01%
	PAYX	C	0.11%	0.28%	0.11%
	PCAR	B	0.22%	0.4%	0.22%
	PEP	F	0.18%	0.9%	0.18%
	PFG	D	0.08%	0.07%	0.07%
	PFGC	B	0.04%	0.06%	0.04%
	PG	A	1.21%	1.45%	1.21%
	PGR	A	0.09%	0.36%	0.09%
	PH	A	0.35%	0.35%	0.35%
	PHM	D	0.1%	0.16%	0.1%
	PKG	A	0.08%	0.19%	0.08%
	PNR	A	0.07%	0.07%	0.07%
	PPG	F	0.11%	0.13%	0.11%
	PR	B	0.03%	0.01%	0.01%
	PRU	A	0.18%	0.19%	0.18%
	PSX	C	0.21%	0.24%	0.21%
	PWR	A	0.13%	0.11%	0.11%
	PYPL	B	0.34%	0.23%	0.23%
	QCOM	F	0.04%	0.67%	0.04%
	RCL	A	0.14%	0.4%	0.14%
	RF	A	0.09%	0.03%	0.03%
	RJF	A	0.12%	0.22%	0.12%
	RMD	C	0.1%	0.07%	0.07%
	RNR	C	0.05%	0.08%	0.05%
	ROK	B	0.12%	0.14%	0.12%
	ROST	C	0.14%	0.29%	0.14%
	RPM	A	0.05%	0.16%	0.05%
	RS	B	0.07%	0.14%	0.07%
	RSG	A	0.17%	0.19%	0.17%
	SAIA	B	0.02%	0.03%	0.02%
	SCHW	B	0.42%	0.39%	0.39%
	SCI	B	0.05%	0.0%	0.0%
	SHW	A	0.03%	0.52%	0.03%
	SJM	D	0.04%	0.01%	0.01%
	SLB	C	0.24%	0.11%	0.11%
	SNA	A	0.07%	0.15%	0.07%
	SOLV	C	0.04%	0.02%	0.02%
	SSNC	B	0.06%	0.17%	0.06%
	STE	F	0.08%	0.0%	0.0%
	STLD	B	0.08%	0.19%	0.08%
	STZ	D	0.15%	0.2%	0.15%
	SWKS	F	0.05%	0.1%	0.05%
	SYF	B	0.1%	0.12%	0.1%
	SYK	C	0.39%	0.22%	0.22%
	SYY	B	0.06%	0.24%	0.06%
	T	A	0.63%	0.63%	0.63%
	TER	D	0.01%	0.04%	0.01%
	TGT	F	0.27%	0.44%	0.27%
	THC	D	0.06%	0.1%	0.06%
	TJX	A	0.22%	0.51%	0.22%
	TMO	F	0.76%	0.37%	0.37%
	TMUS	B	0.44%	0.56%	0.44%
	TOL	B	0.06%	0.1%	0.06%
	TROW	B	0.1%	0.17%	0.1%
	TRU	D	0.07%	0.04%	0.04%
	TRV	B	0.23%	0.52%	0.23%
	TT	A	0.24%	0.12%	0.12%
	TTWO	A	0.12%	0.1%	0.1%
	TXN	C	0.63%	0.68%	0.63%
	TXT	D	0.06%	0.02%	0.02%
	UAL	A	0.12%	0.19%	0.12%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.01%	0.07%	0.01%
	UHAL	D	0.0%	0.07%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHS	D	0.05%	0.07%	0.05%
	ULTA	F	0.01%	0.14%	0.01%
	UNH	C	1.98%	1.56%	1.56%
	UNP	C	0.29%	0.71%	0.29%
	UPS	C	0.38%	0.33%	0.33%
	URI	B	0.16%	0.49%	0.16%
	USFD	A	0.06%	0.1%	0.06%
	UTHR	C	0.06%	0.11%	0.06%
	VLO	C	0.17%	0.3%	0.17%
	VMC	B	0.11%	0.18%	0.11%
	VRTX	F	0.23%	0.26%	0.23%
	VZ	C	0.68%	0.95%	0.68%
	WAT	B	0.03%	0.05%	0.03%
	WLK	D	0.02%	0.02%	0.02%
	WMB	A	0.27%	0.25%	0.25%
	WMS	D	0.02%	0.02%	0.02%
	WMT	A	1.42%	1.35%	1.35%
	WRB	A	0.07%	0.13%	0.07%
	WSM	B	0.03%	0.15%	0.03%
	WSO	A	0.07%	0.0%	0.0%
	WTW	B	0.12%	0.06%	0.06%
	XOM	B	2.08%	2.24%	2.08%
	ZBRA	B	0.06%	0.06%	0.06%
	ZTS	D	0.05%	0.25%	0.05%

IWD Overweight 587 Positions Relative to DFVX

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	BAC	A	1.23%
	WFC	A	1.01%
	DIS	B	0.82%
	PM	B	0.78%
	MCD	D	0.77%
	NEE	D	0.61%
	SPGI	C	0.61%
	RTX	C	0.61%
	LOW	D	0.6%
	BLK	C	0.6%
	GE	D	0.59%
	DHR	F	0.58%
	PFE	D	0.55%
	GS	A	0.53%
	C	A	0.51%
	CB	C	0.45%
	MDT	D	0.44%
	PLD	D	0.41%
	MU	D	0.41%
	INTC	D	0.4%
	MO	A	0.37%
	SO	D	0.37%
	GEV	B	0.35%
	DUK	C	0.34%
	ICE	C	0.34%
	CME	A	0.32%
	HD	A	0.32%
	WELL	A	0.32%
	PNC	B	0.32%
	EQIX	A	0.31%
	BA	F	0.31%
	USB	A	0.3%
	AMD	F	0.29%
	KKR	A	0.28%
	REGN	F	0.28%
	EMR	A	0.28%
	MRVL	B	0.27%
	COF	B	0.27%
	CRH	A	0.26%
	MAR	B	0.25%
	TFC	A	0.24%
	DLR	B	0.23%
	SRE	A	0.23%
	ROP	B	0.23%
	CEG	D	0.23%
	BK	A	0.22%
	KMI	A	0.21%
	TDG	D	0.21%
	AEP	D	0.2%
	D	C	0.19%
	HCA	F	0.19%
	O	D	0.19%
	MSTR	C	0.19%
	PSA	D	0.18%
	CCI	D	0.18%
	CRM	B	0.18%
	LHX	C	0.18%
	NEM	D	0.18%
	SPG	B	0.17%
	PEG	A	0.17%
	MCK	B	0.17%
	PCG	A	0.17%
	OTIS	C	0.16%
	IR	B	0.16%
	MSI	B	0.16%
	FERG	B	0.15%
	CTVA	C	0.15%
	XEL	A	0.15%
	EXC	C	0.15%
	KDP	D	0.14%
	MTB	A	0.14%
	GRMN	B	0.13%
	AVB	B	0.13%
	VICI	C	0.13%
	ED	D	0.13%
	WAB	B	0.13%
	CL	D	0.13%
	DD	D	0.13%
	EXR	D	0.13%
	GPN	B	0.12%
	HLT	A	0.12%
	CNC	D	0.12%
	DELL	C	0.12%
	WEC	A	0.12%
	ETR	B	0.12%
	EIX	B	0.12%
	SQ	B	0.11%
	HPQ	B	0.11%
	KHC	F	0.11%
	EQR	B	0.11%
	STT	A	0.11%
	CSGP	D	0.11%
	ANSS	B	0.11%
	XYL	D	0.11%
	DTE	C	0.1%
	PPL	B	0.1%
	MTD	D	0.1%
	SBUX	A	0.1%
	ADM	D	0.1%
	VTR	C	0.1%
	AWK	D	0.1%
	FTV	C	0.1%
	SW	A	0.1%
	IFF	D	0.09%
	WBD	C	0.09%
	WY	D	0.09%
	ZBH	C	0.09%
	YUM	B	0.09%
	BIIB	F	0.09%
	EQT	B	0.09%
	SBAC	D	0.09%
	FE	C	0.09%
	AEE	A	0.09%
	CCL	B	0.09%
	COO	D	0.08%
	LUV	C	0.08%
	CNP	B	0.08%
	LH	C	0.08%
	CMS	C	0.08%
	WDC	D	0.08%
	INVH	D	0.08%
	CFG	B	0.08%
	ZM	B	0.08%
	HOOD	B	0.08%
	ILMN	D	0.08%
	EXE	B	0.08%
	ES	D	0.08%
	TDY	B	0.08%
	ATO	A	0.08%
	CVNA	B	0.07%
	TRMB	B	0.07%
	MAS	D	0.07%
	J	F	0.07%
	KEY	B	0.07%
	HOLX	D	0.07%
	TSN	B	0.07%
	ARE	D	0.07%
	MAA	B	0.07%
	MKC	D	0.07%
	IBKR	A	0.07%
	MSCI	C	0.07%
	ESS	B	0.07%
	EVRG	A	0.06%
	VRSN	F	0.06%
	APTV	D	0.06%
	IRM	D	0.06%
	UDR	B	0.06%
	DOC	D	0.06%
	L	A	0.06%
	RGA	A	0.06%
	VTRS	A	0.06%
	SUI	D	0.06%
	LNT	A	0.06%
	BAX	D	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	Z	A	0.05%
	SOFI	A	0.05%
	CAH	B	0.05%
	MRNA	F	0.05%
	JNPR	F	0.05%
	BMRN	D	0.05%
	HST	C	0.05%
	NTNX	A	0.05%
	WPC	D	0.05%
	ALB	C	0.05%
	BXP	D	0.05%
	EPAM	C	0.05%
	CPT	B	0.05%
	COHR	B	0.05%
	ITT	A	0.05%
	AMH	D	0.05%
	GLPI	C	0.05%
	CHRW	C	0.05%
	UNM	A	0.05%
	ELS	C	0.05%
	TPR	B	0.05%
	AFRM	B	0.05%
	SWK	D	0.05%
	TWLO	A	0.05%
	RVTY	F	0.05%
	REG	B	0.05%
	VLTO	D	0.05%
	AVTR	F	0.05%
	TW	A	0.04%
	WST	C	0.04%
	GMED	A	0.04%
	TFX	F	0.04%
	REXR	F	0.04%
	CMA	A	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	INGR	B	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	ORI	A	0.04%
	JEF	A	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	CRL	C	0.04%
	MKTX	D	0.04%
	CIEN	B	0.04%
	DOX	D	0.04%
	DPZ	C	0.04%
	GL	B	0.04%
	DTM	B	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	AES	F	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	RPRX	D	0.04%
	DAY	B	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	WWD	B	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	A	0.04%
	BKNG	A	0.04%
	TECH	D	0.04%
	PNW	B	0.04%
	CCK	C	0.04%
	EVR	B	0.04%
	CTLT	B	0.04%
	CUBE	D	0.04%
	FWONK	B	0.04%
	NWSA	B	0.04%
	FTNT	C	0.04%
	TAP	C	0.04%
	ATR	B	0.04%
	CG	A	0.04%
	AA	B	0.04%
	FHN	A	0.04%
	RRX	B	0.04%
	INCY	C	0.04%
	KMX	B	0.04%
	SF	B	0.04%
	AIZ	A	0.04%
	COLB	A	0.03%
	MTG	C	0.03%
	CGNX	C	0.03%
	FAF	A	0.03%
	IVZ	B	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	OKTA	C	0.03%
	STAG	F	0.03%
	AZPN	A	0.03%
	WEX	D	0.03%
	HR	C	0.03%
	DINO	D	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	MKSI	C	0.03%
	FMC	D	0.03%
	ALK	C	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	FCN	D	0.03%
	MTSI	B	0.03%
	GXO	B	0.03%
	RLI	B	0.03%
	SSD	D	0.03%
	FR	C	0.03%
	ATI	D	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	R	B	0.03%
	ESAB	B	0.03%
	VFC	C	0.03%
	OSK	B	0.03%
	BBWI	D	0.03%
	AGNC	D	0.03%
	VNO	B	0.03%
	KBR	F	0.03%
	CART	C	0.03%
	MIDD	C	0.03%
	SKX	D	0.03%
	COKE	C	0.03%
	MHK	D	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	DASH	A	0.03%
	RHI	B	0.03%
	JAZZ	B	0.03%
	ADC	B	0.03%
	KEX	C	0.03%
	HII	D	0.03%
	NNN	D	0.03%
	BERY	B	0.03%
	FLS	B	0.03%
	BWA	D	0.03%
	G	B	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	CHRD	D	0.03%
	CZR	F	0.03%
	SNV	B	0.03%
	X	C	0.03%
	TKO	B	0.03%
	SEIC	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	APA	D	0.03%
	LAMR	D	0.03%
	RIVN	F	0.03%
	VOYA	B	0.03%
	FICO	B	0.03%
	EGP	F	0.03%
	RL	B	0.03%
	GPK	C	0.03%
	NYT	C	0.03%
	MTZ	B	0.03%
	CR	A	0.03%
	JLL	D	0.03%
	MOS	F	0.03%
	CBSH	A	0.03%
	TTC	D	0.03%
	OGE	B	0.03%
	HRL	D	0.03%
	FYBR	D	0.03%
	WTFC	A	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ZION	B	0.03%
	BRX	A	0.03%
	TTEK	F	0.03%
	AAL	B	0.03%
	MGM	D	0.03%
	SNX	C	0.03%
	HSIC	B	0.03%
	KNX	B	0.03%
	AR	B	0.03%
	HLI	B	0.03%
	AXTA	A	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	PTC	A	0.03%
	OGN	D	0.02%
	LINE	F	0.02%
	SITE	D	0.02%
	HOG	D	0.02%
	FLO	D	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	PAYC	B	0.02%
	DLB	B	0.02%
	M	D	0.02%
	AN	C	0.02%
	KMPR	B	0.02%
	GAP	C	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AZO	C	0.02%
	AGO	B	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	AVT	C	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	D	0.02%
	TKR	D	0.02%
	WTM	A	0.02%
	HXL	D	0.02%
	BYD	C	0.02%
	SON	D	0.02%
	AL	B	0.02%
	UGI	A	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%
	LEA	D	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	GNRC	B	0.02%
	ORLY	B	0.02%
	RITM	C	0.02%
	BC	C	0.02%
	THO	B	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	PVH	C	0.02%
	H	B	0.02%
	JHG	A	0.02%
	THG	A	0.02%
	AGCO	D	0.02%
	AMG	B	0.02%
	ONTO	D	0.02%
	LNC	B	0.02%
	FNB	A	0.02%
	VNT	B	0.02%
	LFUS	F	0.02%
	IDA	A	0.02%
	WHR	B	0.02%
	RGEN	D	0.02%
	S	B	0.02%
	STWD	C	0.02%
	ARW	D	0.02%
	WBA	F	0.02%
	BEN	C	0.02%
	BIO	D	0.02%
	QRVO	F	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	OMF	A	0.02%
	SAIC	F	0.02%
	COLD	D	0.02%
	ESI	A	0.02%
	NOV	C	0.02%
	SIRI	C	0.02%
	KD	B	0.02%
	MSA	D	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%
	FTRE	D	0.01%
	LEG	F	0.01%
	WEN	D	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	C	0.01%
	QS	F	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	D	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%
	KSS	F	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	ETSY	D	0.01%
	UAA	C	0.01%
	LBTYA	B	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	F	0.01%
	AAP	C	0.01%
	CWEN	C	0.01%
	WU	D	0.01%
	AZTA	D	0.01%
	YETI	C	0.01%
	JWN	C	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	B	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	A	0.01%
	ENOV	C	0.01%
	AGR	B	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	C	0.01%
	CXT	B	0.01%
	COTY	F	0.01%
	SEE	C	0.01%
	COLM	B	0.01%
	CNM	D	0.01%
	AMKR	D	0.01%
	VIRT	B	0.01%
	ECG	C	0.01%
	U	C	0.01%
	AMED	F	0.01%
	MAN	D	0.01%
	SNRE	D	0.01%
	NSA	D	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	BROS	B	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	AMTM	D	0.01%
	SMG	D	0.01%
	LOPE	B	0.01%
	BHF	B	0.01%
	VAC	B	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	HIW	D	0.01%
	EPR	D	0.01%
	MASI	A	0.01%
	ZG	A	0.01%
	ALNY	D	0.01%
	PII	D	0.01%
	ACHC	F	0.01%
	FHB	A	0.01%
	CLF	F	0.01%
	IAC	D	0.01%
	NVST	B	0.01%
	NWS	B	0.01%
	W	F	0.01%
	PRGO	B	0.01%
	VNOM	A	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	A	0.01%
	NEU	C	0.01%
	RH	B	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	OLED	D	0.01%
	TYL	B	0.01%
	MSM	C	0.01%
	ASH	D	0.01%
	LOAR	A	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	LAZ	B	0.0%
	GRAL	C	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	A	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%
	CNA	B	0.0%
	PYCR	C	0.0%
	HAS	D	0.0%
	FWONA	B	0.0%
	AS	B	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	B	0.0%

IWD Underweight 48 Positions Relative to DFVX

	Symbol	Grade	Weight
	AMZN	C	-5.61%
	META	D	-4.84%
	MSFT	F	-4.8%
	GOOGL	C	-2.62%
	GOOG	C	-2.41%
	V	A	-1.59%
	COST	B	-1.21%
	ORCL	B	-1.18%
	ADBE	C	-0.64%
	AVGO	D	-0.57%
	APP	B	-0.39%
	VST	B	-0.35%
	KLAC	D	-0.34%
	WM	A	-0.32%
	LRCX	F	-0.32%
	MRK	F	-0.32%
	NXPI	D	-0.3%
	TRGP	B	-0.25%
	ODFL	B	-0.25%
	CMG	B	-0.23%
	VRT	B	-0.23%
	MCO	B	-0.21%
	CPAY	A	-0.21%
	LPLA	A	-0.2%
	TSCO	D	-0.16%
	XPO	B	-0.15%
	IDXX	F	-0.15%
	ADSK	A	-0.15%
	BURL	A	-0.13%
	CRBG	B	-0.12%
	EXPE	B	-0.1%
	EQH	B	-0.09%
	LVS	C	-0.09%
	COR	B	-0.08%
	LULU	C	-0.08%
	ROL	B	-0.07%
	BAH	F	-0.07%
	POOL	C	-0.07%
	FLEX	A	-0.07%
	TPL	A	-0.06%
	DECK	A	-0.06%
	SCCO	F	-0.04%
	DVA	B	-0.03%
	WMG	C	-0.03%
	ENTG	D	-0.01%
	LII	A	-0.01%
	FIX	A	-0.0%
	NBIX	C	-0.0%

IWD: Top Represented Industries & Keywords

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

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

DFVX: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Oil & Gas E&P Semiconductors Specialty Retail Insurance - Property & Casualty Specialty Chemicals Capital Markets Diagnostics & Research Discount Stores Drug Manufacturers - Major Health Care Plans Software - Application Asset Management Building Materials Credit Services Engineering & Construction Household & Personal Products Information Technology Services Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Dow Jones Component Electronics Chemical Aerospace Computing Insurance Products Mining Beverage Plastic Semiconductor Bank Petroleum Industry Telecommunications Disability Medicine Oil And Gas