IWD vs. FAD ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)

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

$197.59

Average Daily Volume

1,590,725

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD 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 Multi Cap Growth 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 Composite 1500(R) Growth 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

$148.38

Average Daily Volume

4,463

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FAD
30 Days	3.47%	9.58%
60 Days	4.83%	11.65%
90 Days	6.89%	14.77%
12 Months	29.46%	44.05%

245 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in FAD	Overlap
A	D	0.15%	0.07%	0.07%
ACGL	D	0.14%	0.37%	0.14%
ADC	B	0.03%	0.17%	0.03%
ADP	B	0.03%	0.09%	0.03%
AES	F	0.04%	0.09%	0.04%
AFRM	A	0.05%	0.32%	0.05%
AGNC	D	0.03%	0.08%	0.03%
AJG	B	0.23%	0.26%	0.23%
ALL	A	0.17%	0.44%	0.17%
ALLE	D	0.05%	0.12%	0.05%
ALNY	D	0.01%	0.29%	0.01%
ALSN	B	0.04%	0.25%	0.04%
AM	A	0.01%	0.04%	0.01%
AMGN	D	0.13%	0.15%	0.13%
AMP	A	0.02%	0.41%	0.02%
AON	A	0.29%	0.09%	0.09%
AOS	F	0.03%	0.07%	0.03%
APH	A	0.14%	0.18%	0.14%
APO	B	0.08%	0.32%	0.08%
ATI	D	0.03%	0.18%	0.03%
ATR	B	0.04%	0.09%	0.04%
AVB	B	0.13%	0.08%	0.08%
AWI	A	0.02%	0.15%	0.02%
AXP	A	0.39%	0.44%	0.39%
AXTA	A	0.03%	0.09%	0.03%
AYI	B	0.04%	0.15%	0.04%
AZEK	A	0.01%	0.12%	0.01%
AZO	C	0.02%	0.17%	0.02%
AZTA	D	0.01%	0.02%	0.01%
BFAM	D	0.02%	0.16%	0.02%
BK	A	0.22%	0.46%	0.22%
BKNG	A	0.04%	0.29%	0.04%
BLD	D	0.04%	0.15%	0.04%
BR	A	0.01%	0.26%	0.01%
BRBR	A	0.04%	0.15%	0.04%
BRK.A	B	3.35%	0.25%	0.25%
BRKR	D	0.01%	0.03%	0.01%
BRO	B	0.06%	0.36%	0.06%
BRX	A	0.03%	0.09%	0.03%
BSX	B	0.5%	0.36%	0.36%
BWXT	B	0.04%	0.15%	0.04%
CACI	D	0.04%	0.18%	0.04%
CASY	A	0.05%	0.27%	0.05%
CAT	B	0.63%	0.33%	0.33%
CBOE	B	0.08%	0.17%	0.08%
CBSH	A	0.03%	0.1%	0.03%
CCI	D	0.18%	0.07%	0.07%
CCL	B	0.09%	0.45%	0.09%
CEG	D	0.23%	0.37%	0.23%
CFR	B	0.03%	0.1%	0.03%
CHD	B	0.1%	0.09%	0.09%
CHE	D	0.03%	0.04%	0.03%
CHH	A	0.0%	0.05%	0.0%
CL	D	0.13%	0.22%	0.13%
CLH	B	0.05%	0.13%	0.05%
CNM	D	0.01%	0.04%	0.01%
COHR	B	0.05%	0.22%	0.05%
COIN	C	0.04%	0.31%	0.04%
COKE	C	0.03%	0.19%	0.03%
CPT	B	0.05%	0.08%	0.05%
CRM	B	0.18%	0.1%	0.1%
CROX	D	0.02%	0.08%	0.02%
CRUS	D	0.02%	0.1%	0.02%
CSL	C	0.07%	0.24%	0.07%
CTAS	B	0.01%	0.35%	0.01%
CUBE	D	0.04%	0.08%	0.04%
CVNA	B	0.07%	0.59%	0.07%
CW	B	0.05%	0.22%	0.05%
DASH	A	0.03%	0.51%	0.03%
DAY	B	0.04%	0.05%	0.04%
DBX	B	0.02%	0.09%	0.02%
DCI	B	0.04%	0.04%	0.04%
DELL	C	0.12%	0.19%	0.12%
DKS	C	0.04%	0.12%	0.04%
DLR	B	0.23%	0.09%	0.09%
DOCS	C	0.02%	0.14%	0.02%
DOV	A	0.11%	0.18%	0.11%
DTM	B	0.04%	0.11%	0.04%
ECL	D	0.03%	0.24%	0.03%
EEFT	B	0.02%	0.09%	0.02%
EFX	F	0.09%	0.21%	0.09%
EGP	F	0.03%	0.04%	0.03%
EHC	B	0.04%	0.17%	0.04%
ELAN	D	0.03%	0.04%	0.03%
EME	C	0.05%	0.49%	0.05%
EPR	D	0.01%	0.04%	0.01%
EQIX	A	0.31%	0.08%	0.08%
ESAB	B	0.03%	0.1%	0.03%
ESI	A	0.02%	0.04%	0.02%
ESS	B	0.07%	0.08%	0.07%
ETN	A	0.56%	0.18%	0.18%
EWBC	A	0.06%	0.21%	0.06%
EXEL	B	0.01%	0.22%	0.01%
EXP	A	0.01%	0.17%	0.01%
EXR	D	0.13%	0.15%	0.13%
FAST	B	0.03%	0.09%	0.03%
FCN	D	0.03%	0.07%	0.03%
FCNCA	A	0.1%	0.4%	0.1%
FFIV	B	0.05%	0.14%	0.05%
FI	A	0.32%	0.4%	0.32%
FICO	B	0.03%	0.49%	0.03%
FLS	B	0.03%	0.14%	0.03%
FND	C	0.03%	0.07%	0.03%
FR	D	0.03%	0.04%	0.03%
FRPT	B	0.02%	0.18%	0.02%
FSLR	F	0.08%	0.33%	0.08%
FTNT	C	0.04%	0.29%	0.04%
GAP	B	0.02%	0.08%	0.02%
GE	D	0.59%	0.32%	0.32%
GEN	B	0.06%	0.36%	0.06%
GLPI	C	0.05%	0.08%	0.05%
GME	C	0.04%	0.1%	0.04%
GMED	A	0.04%	0.19%	0.04%
GPK	C	0.03%	0.08%	0.03%
GPN	B	0.12%	0.09%	0.09%
GRMN	B	0.13%	0.4%	0.13%
GS	A	0.53%	0.5%	0.5%
GWRE	A	0.03%	0.18%	0.03%
GWW	B	0.03%	0.28%	0.03%
H	B	0.02%	0.04%	0.02%
HCA	F	0.19%	0.35%	0.19%
HLI	B	0.03%	0.19%	0.03%
HLT	A	0.12%	0.27%	0.12%
HOOD	B	0.08%	0.5%	0.08%
HRB	D	0.03%	0.16%	0.03%
HUBB	B	0.09%	0.26%	0.09%
HWM	A	0.17%	0.48%	0.17%
IBKR	A	0.07%	0.22%	0.07%
IBM	C	0.73%	0.32%	0.32%
ICE	C	0.34%	0.24%	0.24%
IR	B	0.16%	0.17%	0.16%
IRDM	D	0.01%	0.02%	0.01%
IRM	D	0.06%	0.41%	0.06%
ITT	A	0.05%	0.17%	0.05%
ITW	B	0.2%	0.08%	0.08%
JPM	A	2.74%	0.39%	0.39%
KD	B	0.02%	0.05%	0.02%
KEX	C	0.03%	0.17%	0.03%
KKR	A	0.28%	0.49%	0.28%
KMB	D	0.1%	0.08%	0.08%
KO	D	0.4%	0.15%	0.15%
LAMR	D	0.03%	0.08%	0.03%
LCID	F	0.01%	0.03%	0.01%
LIN	D	0.84%	0.08%	0.08%
LITE	B	0.02%	0.09%	0.02%
LOPE	B	0.01%	0.05%	0.01%
LYFT	C	0.01%	0.06%	0.01%
MAR	B	0.25%	0.19%	0.19%
MASI	A	0.01%	0.05%	0.01%
MCD	D	0.77%	0.16%	0.16%
MKL	A	0.07%	0.09%	0.07%
MKTX	D	0.04%	0.09%	0.04%
MMC	B	0.37%	0.17%	0.17%
MO	A	0.37%	0.19%	0.19%
MSCI	C	0.07%	0.08%	0.07%
MSGS	A	0.01%	0.09%	0.01%
MSI	B	0.16%	0.37%	0.16%
MSTR	C	0.19%	0.19%	0.19%
MTCH	D	0.03%	0.1%	0.03%
MTD	D	0.1%	0.06%	0.06%
MU	D	0.41%	0.08%	0.08%
NDAQ	A	0.13%	0.27%	0.13%
NEE	D	0.61%	0.31%	0.31%
NEU	C	0.01%	0.04%	0.01%
NNN	D	0.03%	0.04%	0.03%
NRG	B	0.04%	0.43%	0.04%
NSA	D	0.01%	0.06%	0.01%
NTAP	C	0.05%	0.24%	0.05%
NTNX	A	0.05%	0.05%	0.05%
NTRS	A	0.08%	0.41%	0.08%
NYT	C	0.03%	0.12%	0.03%
O	D	0.19%	0.15%	0.15%
OHI	C	0.04%	0.12%	0.04%
OLLI	D	0.02%	0.12%	0.02%
ORLY	B	0.02%	0.18%	0.02%
OTIS	C	0.16%	0.16%	0.16%
PAYC	B	0.02%	0.05%	0.02%
PAYX	C	0.11%	0.09%	0.09%
PCG	A	0.17%	0.36%	0.17%
PEG	A	0.17%	0.34%	0.17%
PG	A	1.21%	0.08%	0.08%
PGR	A	0.09%	0.43%	0.09%
PH	A	0.35%	0.37%	0.35%
PLNT	A	0.01%	0.15%	0.01%
PM	B	0.78%	0.37%	0.37%
PRI	A	0.04%	0.14%	0.04%
PSA	D	0.18%	0.23%	0.18%
PSN	D	0.02%	0.19%	0.02%
PWR	A	0.13%	0.46%	0.13%
QCOM	F	0.04%	0.08%	0.04%
RBC	A	0.03%	0.04%	0.03%
RCL	A	0.14%	0.55%	0.14%
REG	B	0.05%	0.09%	0.05%
RGLD	C	0.04%	0.04%	0.04%
RIVN	F	0.03%	0.15%	0.03%
RL	B	0.03%	0.18%	0.03%
RLI	B	0.03%	0.09%	0.03%
RMD	C	0.1%	0.33%	0.1%
ROIV	C	0.02%	0.04%	0.02%
ROST	C	0.14%	0.16%	0.14%
RSG	A	0.17%	0.18%	0.17%
S	B	0.02%	0.14%	0.02%
SBAC	D	0.09%	0.08%	0.08%
SCI	B	0.05%	0.14%	0.05%
SHW	A	0.03%	0.33%	0.03%
SMG	D	0.01%	0.14%	0.01%
SO	D	0.37%	0.24%	0.24%
SOFI	A	0.05%	0.3%	0.05%
SPG	B	0.17%	0.18%	0.17%
SPGI	C	0.61%	0.24%	0.24%
SSD	D	0.03%	0.04%	0.03%
SYK	C	0.39%	0.09%	0.09%
TDG	D	0.21%	0.3%	0.21%
TECH	D	0.04%	0.03%	0.03%
THC	D	0.06%	0.39%	0.06%
TJX	A	0.22%	0.25%	0.22%
TKO	B	0.03%	0.17%	0.03%
TMUS	B	0.44%	0.39%	0.39%
TNL	A	0.01%	0.06%	0.01%
TPG	A	0.02%	0.19%	0.02%
TRMB	B	0.07%	0.05%	0.05%
TT	A	0.24%	0.44%	0.24%
TTEK	F	0.03%	0.18%	0.03%
TW	A	0.04%	0.13%	0.04%
TYL	C	0.01%	0.25%	0.01%
U	C	0.01%	0.03%	0.01%
UDR	B	0.06%	0.04%	0.04%
URI	B	0.16%	0.43%	0.16%
UTHR	C	0.06%	0.42%	0.06%
VICI	C	0.13%	0.16%	0.13%
VLTO	D	0.05%	0.23%	0.05%
VRTX	F	0.23%	0.08%	0.08%
VTR	C	0.1%	0.42%	0.1%
WAB	B	0.13%	0.45%	0.13%
WAT	B	0.03%	0.08%	0.03%
WELL	A	0.32%	0.26%	0.26%
WEN	D	0.01%	0.02%	0.01%
WMB	A	0.27%	0.21%	0.21%
WSM	B	0.03%	0.15%	0.03%
WSO	A	0.07%	0.26%	0.07%
WTM	A	0.02%	0.09%	0.02%
WWD	B	0.04%	0.12%	0.04%
WYNN	D	0.03%	0.12%	0.03%
XYL	D	0.11%	0.22%	0.11%
ZTS	D	0.05%	0.07%	0.05%

IWD Overweight 620 Positions Relative to FAD

Symbol	Grade	Weight
XOM	B	2.08%
UNH	C	1.98%
JNJ	D	1.45%
WMT	A	1.42%
BAC	A	1.23%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	C	0.86%
DIS	B	0.82%
ABT	B	0.78%
TMO	F	0.76%
VZ	C	0.68%
ABBV	D	0.65%
CMCSA	B	0.64%
TXN	C	0.63%
T	A	0.63%
RTX	C	0.61%
LOW	D	0.6%
BLK	C	0.6%
DHR	F	0.58%
MS	A	0.57%
PFE	D	0.55%
COP	C	0.51%
C	A	0.51%
HON	B	0.49%
CB	C	0.45%
MDT	D	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
PLD	D	0.41%
ADI	D	0.4%
INTC	D	0.4%
DE	A	0.39%
UPS	C	0.38%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
PYPL	B	0.34%
CME	A	0.32%
CI	F	0.32%
HD	A	0.32%
PNC	B	0.32%
GD	F	0.31%
BA	F	0.31%
EOG	A	0.3%
LMT	D	0.3%
USB	A	0.3%
ELV	F	0.3%
AMD	F	0.29%
UNP	C	0.29%
REGN	F	0.28%
EMR	A	0.28%
NOC	D	0.27%
CSX	B	0.27%
MRVL	B	0.27%
COF	B	0.27%
APD	A	0.27%
TGT	F	0.27%
FDX	B	0.26%
CVS	D	0.26%
CRH	A	0.26%
GM	B	0.25%
OKE	A	0.25%
BDX	F	0.25%
FCX	D	0.24%
SLB	C	0.24%
TFC	A	0.24%
AFL	B	0.24%
CARR	D	0.24%
MMM	D	0.23%
SRE	A	0.23%
ROP	B	0.23%
NSC	B	0.23%
TRV	B	0.23%
MPC	D	0.22%
JCI	C	0.22%
PCAR	B	0.22%
KMI	A	0.21%
PSX	C	0.21%
AEP	D	0.2%
DHI	D	0.19%
D	C	0.19%
MET	A	0.19%
AIG	B	0.19%
FIS	C	0.19%
CMI	A	0.19%
KVUE	A	0.18%
PRU	A	0.18%
PEP	F	0.18%
LHX	C	0.18%
NEM	D	0.18%
BKR	B	0.17%
EA	A	0.17%
F	C	0.17%
DFS	B	0.17%
AME	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
CBRE	B	0.16%
LEN	D	0.16%
DAL	C	0.16%
FERG	B	0.15%
STZ	D	0.15%
CTSH	B	0.15%
KR	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
NKE	D	0.14%
NUE	C	0.14%
GIS	D	0.14%
KDP	D	0.14%
MTB	A	0.14%
GLW	B	0.14%
CHTR	C	0.14%
EW	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
MCHP	F	0.13%
FANG	D	0.13%
ED	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
DD	D	0.13%
HIG	B	0.13%
ROK	B	0.12%
UAL	A	0.12%
CNC	D	0.12%
RJF	A	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
ETR	B	0.12%
EIX	B	0.12%
WTW	B	0.12%
FITB	A	0.12%
SQ	A	0.11%
HPQ	A	0.11%
HPE	B	0.11%
VMC	B	0.11%
KHC	F	0.11%
EQR	B	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
DTE	C	0.1%
PPL	B	0.1%
SBUX	A	0.1%
ADM	D	0.1%
HBAN	A	0.1%
SYF	B	0.1%
NVR	D	0.1%
KEYS	A	0.1%
TROW	B	0.1%
HAL	C	0.1%
AWK	D	0.1%
FTV	C	0.1%
PHM	D	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%
CINF	A	0.09%
BIIB	F	0.09%
EQT	B	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
RF	A	0.09%
AEE	A	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	B	0.08%
LH	C	0.08%
PFG	D	0.08%
BBY	D	0.08%
IP	B	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
ZM	B	0.08%
HSY	F	0.08%
ILMN	D	0.08%
LYB	F	0.08%
EXE	B	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
TDY	B	0.08%
ATO	A	0.08%
OC	A	0.07%
GPC	D	0.07%
MAS	D	0.07%
IEX	B	0.07%
PNR	A	0.07%
J	F	0.07%
TRU	D	0.07%
RS	B	0.07%
KEY	B	0.07%
DGX	A	0.07%
WRB	A	0.07%
HOLX	D	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
BLDR	D	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EXPD	D	0.06%
VRSN	F	0.06%
HES	B	0.06%
APTV	D	0.06%
NDSN	B	0.06%
ACM	B	0.06%
DOC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
L	A	0.06%
GGG	B	0.06%
RGA	A	0.06%
VTRS	A	0.06%
SUI	D	0.06%
ZBRA	B	0.06%
TOL	B	0.06%
LNT	A	0.06%
SSNC	B	0.06%
FNF	B	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
UHS	D	0.05%
CAH	B	0.05%
CDW	F	0.05%
FDS	B	0.05%
EMN	D	0.05%
MRNA	F	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
NVT	B	0.05%
HST	C	0.05%
WPC	D	0.05%
FTI	A	0.05%
ALB	C	0.05%
BXP	D	0.05%
EPAM	C	0.05%
JKHY	D	0.05%
AMH	D	0.05%
CAG	D	0.05%
BG	F	0.05%
CHRW	C	0.05%
UNM	A	0.05%
DLTR	F	0.05%
JBL	B	0.05%
ELS	C	0.05%
TPR	B	0.05%
SWK	D	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
RNR	C	0.05%
EG	C	0.05%
SWKS	F	0.05%
RVTY	F	0.05%
AVTR	F	0.05%
WST	C	0.04%
TFX	F	0.04%
REXR	F	0.04%
CMA	A	0.04%
FBIN	D	0.04%
INGR	B	0.04%
ORI	A	0.04%
JEF	A	0.04%
SOLV	C	0.04%
DRI	B	0.04%
PNFP	B	0.04%
EL	F	0.04%
FRT	B	0.04%
CNH	C	0.04%
CRL	C	0.04%
CIEN	B	0.04%
DOX	D	0.04%
DPZ	C	0.04%
GL	B	0.04%
WAL	B	0.04%
WTRG	B	0.04%
ARMK	B	0.04%
NLY	C	0.04%
AVY	D	0.04%
AFG	A	0.04%
LAD	A	0.04%
RPRX	D	0.04%
LKQ	D	0.04%
IPG	D	0.04%
WBS	A	0.04%
PNW	B	0.04%
FOXA	B	0.04%
CCK	C	0.04%
EVR	B	0.04%
CTLT	B	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
PFGC	B	0.04%
TAP	C	0.04%
SJM	D	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
AMAT	F	0.04%
INCY	C	0.04%
KMX	B	0.04%
SF	B	0.04%
AIZ	A	0.04%
BJ	A	0.04%
OVV	B	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%
DAR	C	0.03%
MTSI	B	0.03%
GXO	B	0.03%
ALGN	F	0.03%
GNTX	C	0.03%
R	B	0.03%
VFC	C	0.03%
OSK	B	0.03%
BBWI	D	0.03%
VNO	B	0.03%
KBR	F	0.03%
CART	C	0.03%
MIDD	C	0.03%
SKX	D	0.03%
MHK	D	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	A	0.03%
ROKU	D	0.03%
MNST	C	0.03%
RHI	B	0.03%
JAZZ	B	0.03%
HII	D	0.03%
PR	B	0.03%
BERY	B	0.03%
BWA	D	0.03%
G	B	0.03%
RRC	B	0.03%
CHRD	D	0.03%
ACI	C	0.03%
CZR	F	0.03%
SNV	B	0.03%
X	C	0.03%
SEIC	B	0.03%
APG	B	0.03%
APA	D	0.03%
LECO	B	0.03%
VOYA	B	0.03%
CPB	D	0.03%
MTZ	B	0.03%
CR	A	0.03%
JLL	D	0.03%
MOS	F	0.03%
TTC	D	0.03%
OGE	B	0.03%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	0.03%
ALLY	C	0.03%
ZION	B	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%
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%
GTES	A	0.02%
GFS	C	0.02%
DLB	B	0.02%
M	D	0.02%
AN	C	0.02%
WLK	D	0.02%
KMPR	B	0.02%
RYN	D	0.02%
SLGN	A	0.02%
WSC	D	0.02%
KRC	C	0.02%
CUZ	B	0.02%
AGO	B	0.02%
ST	F	0.02%
AVT	C	0.02%
OLN	D	0.02%
TKR	D	0.02%
HXL	D	0.02%
BYD	C	0.02%
SON	D	0.02%
AL	B	0.02%
UGI	A	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%
EXAS	D	0.02%
GNRC	B	0.02%
RITM	C	0.02%
BC	C	0.02%
THO	B	0.02%
NFG	A	0.02%
PVH	C	0.02%
FOX	A	0.02%
WMS	D	0.02%
JHG	A	0.02%
SAIA	B	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%
CE	F	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%
NOV	C	0.02%
SIRI	C	0.02%
MOH	F	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%
TER	D	0.01%
FTRE	D	0.01%
LEG	F	0.01%
GO	C	0.01%
UA	B	0.01%
QS	F	0.01%
CLVT	F	0.01%
BIRK	D	0.01%
ALAB	B	0.01%
LEN	D	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%
RKT	F	0.01%
LBTYK	A	0.01%
KSS	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	A	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%
YETI	C	0.01%
JWN	C	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%
MP	B	0.01%
CPRI	F	0.01%
HHH	B	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%
AMKR	D	0.01%
VIRT	B	0.01%
ECG	C	0.01%
AMED	F	0.01%
MAN	D	0.01%
SNRE	D	0.01%
PAG	B	0.01%
LLYVK	A	0.01%
PK	B	0.01%
NXST	C	0.01%
BROS	B	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
BHF	B	0.01%
VAC	B	0.01%
ZI	D	0.01%
HUN	F	0.01%
HIW	D	0.01%
ZG	A	0.01%
CPRT	A	0.01%
PII	D	0.01%
ACHC	F	0.01%
FHB	A	0.01%
CLF	F	0.01%
UHAL	D	0.01%
IAC	D	0.01%
NVST	B	0.01%
NWS	A	0.01%
W	F	0.01%
PRGO	B	0.01%
VNOM	A	0.01%
XRAY	F	0.01%
CIVI	D	0.01%
NWL	B	0.01%
DNB	B	0.01%
MDU	D	0.01%
RH	B	0.01%
DXC	B	0.01%
OLED	D	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%
UHAL	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%
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 395 Positions Relative to FAD

Symbol	Grade	Weight
APP	B	-0.96%
PLTR	B	-0.69%
AXON	A	-0.63%
TRGP	B	-0.57%
VRT	B	-0.52%
VST	B	-0.52%
EXPE	B	-0.51%
GDDY	A	-0.5%
HEI	B	-0.44%
BURL	A	-0.44%
CPNG	D	-0.42%
LYV	A	-0.41%
RBLX	C	-0.39%
NVDA	C	-0.39%
TPL	A	-0.39%
NOW	A	-0.38%
ORCL	B	-0.37%
LII	A	-0.35%
COST	B	-0.35%
ANET	C	-0.33%
META	D	-0.33%
ERIE	D	-0.32%
AVGO	D	-0.32%
BAH	F	-0.29%
NFLX	A	-0.29%
SFM	A	-0.27%
ISRG	A	-0.27%
DECK	A	-0.27%
TTD	B	-0.26%
AX	A	-0.26%
MCO	B	-0.25%
PIPR	B	-0.25%
QTWO	A	-0.25%
NTRA	B	-0.25%
FOUR	B	-0.24%
HLNE	B	-0.24%
CORT	B	-0.24%
RDNT	B	-0.24%
MANH	D	-0.24%
RKLB	B	-0.24%
FIX	A	-0.24%
LVS	C	-0.24%
SFBS	B	-0.24%
DUOL	A	-0.23%
UBER	D	-0.23%
KTB	B	-0.23%
CSWI	A	-0.23%
CRS	A	-0.23%
TOST	B	-0.23%
TSCO	D	-0.23%
TSLA	B	-0.22%
KNF	A	-0.22%
ACIW	B	-0.22%
MOG.A	B	-0.22%
CVLT	B	-0.22%
ITRI	B	-0.22%
DY	D	-0.21%
ENSG	D	-0.21%
AMT	D	-0.21%
IOT	A	-0.21%
CPAY	A	-0.2%
MOD	A	-0.2%
AIT	A	-0.2%
DVA	B	-0.2%
AAON	B	-0.2%
LTH	C	-0.2%
ADSK	A	-0.19%
FFIN	B	-0.19%
PODD	C	-0.19%
HIMS	C	-0.19%
PANW	C	-0.19%
EAT	A	-0.19%
EXLS	B	-0.19%
PEGA	A	-0.19%
MMSI	B	-0.18%
CRVL	A	-0.18%
ARES	A	-0.18%
SLG	B	-0.18%
AMZN	C	-0.18%
TXRH	C	-0.18%
AAPL	C	-0.17%
BOOT	D	-0.17%
ROL	B	-0.17%
PAYO	A	-0.17%
ANF	C	-0.17%
ITGR	B	-0.17%
AUR	C	-0.17%
IT	C	-0.17%
ROAD	A	-0.16%
IDCC	B	-0.16%
POWL	C	-0.16%
DOCU	A	-0.16%
NCLH	B	-0.16%
IESC	B	-0.16%
FSS	B	-0.16%
CBT	C	-0.16%
BMI	B	-0.16%
EPRT	B	-0.16%
PRIM	A	-0.16%
AVAV	D	-0.16%
BCO	D	-0.16%
CRDO	B	-0.16%
TRUP	B	-0.15%
GVA	A	-0.15%
KAI	A	-0.15%
LMND	B	-0.15%
IBOC	A	-0.15%
WWW	B	-0.15%
TGTX	B	-0.15%
STRL	B	-0.15%
PI	D	-0.14%
FTDR	A	-0.14%
PRCT	B	-0.14%
ZETA	D	-0.14%
STEP	B	-0.14%
WHD	B	-0.14%
CNK	B	-0.14%
LLY	F	-0.14%
IBP	D	-0.14%
ATGE	B	-0.14%
PJT	A	-0.14%
MCY	A	-0.14%
USLM	A	-0.14%
HOMB	A	-0.14%
ONB	B	-0.14%
LRN	A	-0.14%
ENVA	B	-0.14%
QCRH	A	-0.14%
WULF	C	-0.14%
LNTH	D	-0.14%
TBBK	B	-0.13%
BDC	B	-0.13%
REVG	B	-0.13%
ACLX	C	-0.13%
GSHD	A	-0.13%
AXSM	B	-0.13%
BOX	B	-0.13%
TRN	B	-0.13%
VCYT	B	-0.13%
CNS	B	-0.13%
HASI	D	-0.13%
RYAN	B	-0.13%
RYTM	C	-0.13%
CHEF	A	-0.12%
HWKN	B	-0.12%
ADMA	B	-0.12%
NHC	C	-0.12%
DSGR	D	-0.12%
SKWD	A	-0.12%
SLVM	B	-0.12%
AMRX	C	-0.12%
CALM	A	-0.12%
SBRA	C	-0.12%
HNI	B	-0.12%
DT	C	-0.12%
PBI	B	-0.12%
SKYW	B	-0.12%
HALO	F	-0.12%
LMAT	A	-0.11%
MPWR	F	-0.11%
KYMR	D	-0.11%
PTGX	C	-0.11%
MWA	B	-0.11%
OSW	A	-0.11%
VRNS	D	-0.11%
PRK	B	-0.11%
NBHC	B	-0.11%
PLMR	B	-0.11%
PRM	C	-0.11%
ALKT	B	-0.11%
LPLA	A	-0.11%
VCTR	B	-0.11%
RNA	D	-0.11%
INTA	A	-0.11%
ALHC	C	-0.11%
SYBT	B	-0.11%
DORM	B	-0.11%
INSM	C	-0.11%
CWAN	B	-0.11%
CDE	D	-0.11%
AGIO	C	-0.11%
PTON	B	-0.11%
SATS	D	-0.11%
SGBX	F	-0.11%
OUT	A	-0.1%
LFST	C	-0.1%
AORT	B	-0.1%
SMTC	B	-0.1%
CENX	B	-0.1%
WING	D	-0.1%
RARE	D	-0.1%
PCTY	B	-0.1%
SABR	C	-0.1%
RVMD	C	-0.1%
CRWD	B	-0.1%
CPRX	C	-0.1%
CCOI	B	-0.1%
PTCT	B	-0.1%
JANX	C	-0.1%
MIRM	B	-0.1%
CRAI	B	-0.1%
MNKD	C	-0.1%
TGLS	B	-0.1%
INSP	D	-0.1%
CHWY	B	-0.1%
CHDN	B	-0.09%
TMDX	F	-0.09%
ORA	B	-0.09%
IRT	A	-0.09%
RHP	B	-0.09%
WM	A	-0.09%
MA	C	-0.09%
GOOGL	C	-0.09%
WDAY	B	-0.09%
GKOS	B	-0.09%
NMIH	D	-0.09%
WTTR	B	-0.09%
DKNG	B	-0.09%
BCRX	D	-0.09%
CWST	A	-0.09%
OSCR	D	-0.09%
VERX	B	-0.09%
RUN	F	-0.09%
YOU	D	-0.09%
ITCI	C	-0.09%
PRGS	A	-0.09%
FBP	B	-0.09%
NPAB	B	-0.09%
BLBD	D	-0.08%
UE	C	-0.08%
HURN	B	-0.08%
CHCO	B	-0.08%
OII	B	-0.08%
RNG	B	-0.08%
HRMY	D	-0.08%
ESE	B	-0.08%
SHAK	C	-0.08%
MGNI	A	-0.08%
VITL	D	-0.08%
GERN	D	-0.08%
BLKB	B	-0.08%
CIFR	B	-0.08%
BPMC	C	-0.08%
CTRE	D	-0.08%
BANF	B	-0.08%
CAKE	C	-0.08%
BGC	C	-0.08%
WT	B	-0.08%
APOG	B	-0.08%
SITM	B	-0.08%
KNSL	B	-0.08%
GABC	B	-0.08%
CARG	C	-0.08%
SEMR	B	-0.08%
BCPC	B	-0.08%
CMG	B	-0.08%
ASTH	D	-0.08%
MBIN	D	-0.08%
KRG	B	-0.08%
UFPT	B	-0.08%
PMT	D	-0.07%
KLAC	D	-0.07%
CWT	D	-0.07%
WRBY	B	-0.07%
VRRM	D	-0.07%
ESRT	C	-0.07%
NRIX	D	-0.07%
EXPO	D	-0.07%
KN	B	-0.07%
OSIS	B	-0.07%
AAT	B	-0.07%
COLL	F	-0.07%
AZZ	B	-0.07%
KTOS	B	-0.07%
GFF	A	-0.07%
IIPR	D	-0.06%
MGEE	C	-0.06%
DRVN	B	-0.06%
GTLS	B	-0.06%
AROC	B	-0.06%
HEES	B	-0.06%
ICFI	F	-0.06%
BLFS	C	-0.06%
HLIT	D	-0.06%
CEIX	A	-0.06%
CLSK	C	-0.06%
FLNC	C	-0.06%
ADUS	D	-0.06%
ASPN	F	-0.06%
KNTK	B	-0.06%
IOVA	F	-0.06%
DOCN	D	-0.06%
AMPH	D	-0.06%
BRC	D	-0.06%
TWST	D	-0.06%
NHI	D	-0.06%
CMPR	D	-0.05%
GTX	D	-0.05%
AESI	B	-0.05%
SXT	B	-0.05%
JJSF	B	-0.05%
IAS	C	-0.05%
MARA	C	-0.05%
UMH	C	-0.05%
KW	B	-0.05%
AIV	C	-0.05%
SCS	C	-0.05%
FCPT	C	-0.05%
CDP	C	-0.05%
SWI	B	-0.05%
GATX	A	-0.05%
TNDM	F	-0.05%
OCUL	D	-0.05%
GTY	B	-0.05%
ARQT	C	-0.05%
NEO	C	-0.05%
NXRT	B	-0.05%
OWL	A	-0.05%
CPK	A	-0.05%
MAC	B	-0.05%
WDFC	B	-0.05%
ACVA	B	-0.05%
SKT	B	-0.05%
BANC	A	-0.05%
GH	B	-0.05%
AGM	C	-0.05%
LGND	B	-0.05%
SXI	B	-0.05%
AGYS	A	-0.05%
BKD	D	-0.05%
LKFN	B	-0.05%
EPAC	B	-0.05%
MEDP	D	-0.04%
CDRE	D	-0.04%
HUMA	F	-0.04%
MYGN	F	-0.04%
PHR	F	-0.04%
DNLI	D	-0.04%
IPAR	B	-0.04%
APPF	B	-0.04%
EVH	F	-0.04%
LNW	D	-0.04%
ALX	D	-0.04%
RXST	F	-0.04%
ELME	D	-0.04%
MORN	B	-0.04%
MAIN	A	-0.04%
CRNX	C	-0.04%
NVAX	F	-0.04%
HLX	B	-0.04%
ANIP	F	-0.04%
GOLF	B	-0.04%
MLNK	B	-0.03%
PLAY	D	-0.03%
APPN	B	-0.03%
APAM	B	-0.03%
SMPL	B	-0.03%
ACAD	D	-0.03%
CTS	C	-0.03%
CARS	B	-0.03%
WABC	B	-0.03%
CBZ	B	-0.03%
TDW	F	-0.03%
SOUN	C	-0.03%
PAR	B	-0.03%
MIR	A	-0.03%
TGI	B	-0.03%
ARDX	F	-0.03%
CLDX	F	-0.02%
RLAY	F	-0.02%
XPRO	F	-0.02%
LPG	F	-0.02%
VECO	F	-0.02%
JAMF	F	-0.02%
JOE	F	-0.02%
GNL	F	-0.02%
NSSC	D	-0.02%
PZZA	D	-0.02%
TNC	D	-0.02%
FOLD	F	-0.02%
ENVX	F	-0.02%
RRR	D	-0.02%
ARLO	C	-0.02%
BXMT	C	-0.02%
AMC	C	-0.02%
BEAM	D	-0.02%
FBRT	C	-0.02%
AWR	B	-0.02%
YELP	C	-0.02%
THR	B	-0.02%
STRA	C	-0.02%
LTC	B	-0.02%
TR	B	-0.02%
BL	B	-0.02%
CLB	B	-0.02%