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

$173.79

Average Daily Volume

1,314,002

Number of Holdings ^*

844

* 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

$123.09

Average Daily Volume

3,924

Number of Holdings ^*

639

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FAD
30 Days	-0.92%	0.55%
60 Days	0.01%	1.21%
90 Days	-1.28%	0.78%
12 Months	13.76%	19.61%

222 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in FAD	Overlap
A	D	0.03%	0.08%	0.03%
AAL	F	0.02%	0.1%	0.02%
AES	D	0.02%	0.05%	0.02%
AFRM	F	0.03%	0.15%	0.03%
AGL	D	0.0%	0.03%	0.0%
AJG	A	0.25%	0.19%	0.19%
AKAM	F	0.06%	0.07%	0.06%
ALB	F	0.05%	0.07%	0.05%
ALLE	D	0.0%	0.12%	0.0%
ALSN	D	0.03%	0.21%	0.03%
AM	B	0.02%	0.14%	0.02%
AMAT	B	0.14%	0.41%	0.14%
AMD	B	0.52%	0.24%	0.24%
AME	D	0.18%	0.17%	0.17%
AON	C	0.27%	0.08%	0.08%
AOS	D	0.04%	0.12%	0.04%
APH	B	0.18%	0.31%	0.18%
APP	B	0.06%	0.27%	0.06%
ARMK	C	0.04%	0.19%	0.04%
ATR	D	0.04%	0.14%	0.04%
AWI	D	0.02%	0.2%	0.02%
AXTA	D	0.03%	0.13%	0.03%
AZEK	D	0.03%	0.19%	0.03%
AZO	C	0.04%	0.34%	0.04%
BA	C	0.42%	0.08%	0.08%
BFAM	C	0.03%	0.21%	0.03%
BK	B	0.21%	0.38%	0.21%
BLD	D	0.05%	0.19%	0.05%
BLDR	F	0.08%	0.3%	0.08%
BR	B	0.02%	0.09%	0.02%
BRO	B	0.06%	0.38%	0.06%
BRX	B	0.03%	0.04%	0.03%
BSX	B	0.53%	0.3%	0.3%
BWXT	B	0.03%	0.17%	0.03%
CASY	B	0.06%	0.16%	0.06%
CAT	D	0.2%	0.41%	0.2%
CCL	C	0.09%	0.42%	0.09%
CEG	B	0.31%	0.51%	0.31%
CERT	D	0.01%	0.02%	0.01%
CFR	D	0.03%	0.12%	0.03%
CHD	C	0.01%	0.18%	0.01%
CHE	D	0.01%	0.08%	0.01%
CL	B	0.38%	0.29%	0.29%
CLH	B	0.05%	0.2%	0.05%
CNM	D	0.04%	0.19%	0.04%
COTY	F	0.02%	0.08%	0.02%
CPAY	D	0.01%	0.23%	0.01%
CRL	F	0.05%	0.1%	0.05%
CRM	C	0.27%	0.31%	0.27%
CSGP	F	0.08%	0.14%	0.08%
CSL	C	0.09%	0.38%	0.09%
CSX	D	0.27%	0.08%	0.08%
CTAS	A	0.03%	0.28%	0.03%
CW	C	0.05%	0.19%	0.05%
DAL	D	0.14%	0.37%	0.14%
DASH	C	0.04%	0.37%	0.04%
DCI	D	0.02%	0.13%	0.02%
DLR	B	0.22%	0.19%	0.19%
DOCS	B	0.01%	0.03%	0.01%
DRI	D	0.05%	0.17%	0.05%
DRVN	C	0.0%	0.06%	0.0%
ECL	B	0.06%	0.28%	0.06%
EEFT	D	0.01%	0.17%	0.01%
EFX	B	0.04%	0.16%	0.04%
EGP	B	0.04%	0.04%	0.04%
EME	D	0.05%	0.24%	0.05%
ENTG	B	0.09%	0.35%	0.09%
ESAB	D	0.03%	0.19%	0.03%
ETN	C	0.59%	0.46%	0.46%
EXAS	D	0.02%	0.03%	0.02%
EXEL	C	0.01%	0.09%	0.01%
EXP	D	0.01%	0.18%	0.01%
EXPE	C	0.02%	0.33%	0.02%
FAST	D	0.04%	0.22%	0.04%
FCN	D	0.03%	0.09%	0.03%
FCNCA	C	0.08%	0.47%	0.08%
FFIV	C	0.05%	0.08%	0.05%
FRPT	A	0.02%	0.25%	0.02%
FSLR	C	0.12%	0.13%	0.12%
FTV	D	0.12%	0.16%	0.12%
GDDY	A	0.04%	0.43%	0.04%
GE	D	0.82%	0.42%	0.42%
GGG	D	0.04%	0.08%	0.04%
GNTX	D	0.04%	0.12%	0.04%
GPK	D	0.02%	0.12%	0.02%
GRMN	C	0.12%	0.29%	0.12%
GWRE	A	0.05%	0.11%	0.05%
H	C	0.03%	0.21%	0.03%
HAS	D	0.04%	0.05%	0.04%
HCP	A	0.01%	0.06%	0.01%
HEI	B	0.01%	0.22%	0.01%
HEI	B	0.01%	0.22%	0.01%
HLT	B	0.14%	0.46%	0.14%
HOOD	B	0.07%	0.25%	0.07%
HRB	B	0.01%	0.05%	0.01%
HST	D	0.06%	0.23%	0.06%
HUBB	C	0.05%	0.33%	0.05%
HWM	C	0.14%	0.53%	0.14%
HXL	D	0.03%	0.08%	0.03%
IBKR	B	0.06%	0.2%	0.06%
IBM	B	0.73%	0.24%	0.24%
IEX	D	0.07%	0.07%	0.07%
INFA	B	0.01%	0.16%	0.01%
INGR	D	0.04%	0.13%	0.04%
INVH	A	0.1%	0.09%	0.09%
IONS	B	0.0%	0.05%	0.0%
IQV	D	0.01%	0.22%	0.01%
IR	C	0.17%	0.44%	0.17%
IRM	B	0.06%	0.41%	0.06%
ITT	D	0.05%	0.17%	0.05%
ITW	D	0.06%	0.08%	0.06%
JKHY	C	0.04%	0.04%	0.04%
JPM	B	2.7%	0.45%	0.45%
JWN	B	0.01%	0.11%	0.01%
KD	C	0.03%	0.22%	0.03%
KKR	C	0.25%	0.48%	0.25%
LAMR	B	0.01%	0.09%	0.01%
LECO	F	0.0%	0.27%	0.0%
LII	B	0.08%	0.41%	0.08%
LIN	C	0.91%	0.17%	0.17%
LOPE	C	0.01%	0.09%	0.01%
LRCX	B	0.03%	0.4%	0.03%
LVS	F	0.01%	0.16%	0.01%
LW	F	0.0%	0.14%	0.0%
LYV	C	0.05%	0.39%	0.05%
MAS	D	0.07%	0.31%	0.07%
MCO	A	0.03%	0.09%	0.03%
MCW	F	0.0%	0.05%	0.0%
MGM	B	0.06%	0.34%	0.06%
MKSI	B	0.04%	0.18%	0.04%
MLM	D	0.16%	0.4%	0.16%
MMC	B	0.1%	0.19%	0.1%
MRVL	C	0.28%	0.18%	0.18%
MSA	C	0.03%	0.17%	0.03%
MSI	B	0.02%	0.29%	0.02%
MSM	F	0.02%	0.04%	0.02%
MTCH	F	0.0%	0.04%	0.0%
MTN	F	0.03%	0.04%	0.03%
MUSA	C	0.0%	0.2%	0.0%
NCLH	C	0.03%	0.2%	0.03%
NCNO	B	0.01%	0.11%	0.01%
NDSN	D	0.06%	0.07%	0.06%
NEU	D	0.02%	0.15%	0.02%
NSA	B	0.01%	0.03%	0.01%
NTAP	A	0.07%	0.45%	0.07%
NTNX	C	0.05%	0.42%	0.05%
NTRS	C	0.08%	0.25%	0.08%
NVR	D	0.1%	0.25%	0.1%
NYT	A	0.04%	0.05%	0.04%
OKTA	C	0.06%	0.24%	0.06%
OLLI	B	0.02%	0.17%	0.02%
ORCL	A	0.6%	0.2%	0.2%
ORLY	C	0.04%	0.34%	0.04%
OTIS	B	0.18%	0.18%	0.18%
OWL	D	0.03%	0.17%	0.03%
PATH	D	0.01%	0.05%	0.01%
PCAR	D	0.25%	0.38%	0.25%
PFGC	D	0.03%	0.12%	0.03%
PG	C	1.49%	0.09%	0.09%
PH	D	0.3%	0.33%	0.3%
PHM	D	0.11%	0.42%	0.11%
PK	D	0.01%	0.11%	0.01%
PLNT	B	0.02%	0.05%	0.02%
POST	C	0.02%	0.18%	0.02%
PPL	D	0.1%	0.09%	0.09%
PRI	C	0.01%	0.17%	0.01%
PSTG	B	0.02%	0.46%	0.02%
PTC	B	0.05%	0.18%	0.05%
PWR	D	0.13%	0.47%	0.13%
RBC	C	0.04%	0.05%	0.04%
RCL	B	0.12%	0.53%	0.12%
RIVN	C	0.05%	0.12%	0.05%
RKT	C	0.01%	0.05%	0.01%
RL	C	0.03%	0.21%	0.03%
RLI	D	0.02%	0.13%	0.02%
ROP	B	0.28%	0.09%	0.09%
ROST	B	0.02%	0.27%	0.02%
RPM	D	0.05%	0.16%	0.05%
RSG	A	0.19%	0.37%	0.19%
S	C	0.02%	0.08%	0.02%
SAIA	C	0.05%	0.14%	0.05%
SHW	D	0.06%	0.31%	0.06%
SLB	D	0.31%	0.16%	0.16%
SOFI	F	0.03%	0.08%	0.03%
SPG	C	0.18%	0.17%	0.17%
SPGI	B	0.61%	0.09%	0.09%
SPR	B	0.02%	0.12%	0.02%
STE	C	0.1%	0.09%	0.09%
STWD	D	0.03%	0.08%	0.03%
STZ	B	0.17%	0.08%	0.08%
SYK	B	0.42%	0.25%	0.25%
TDG	D	0.27%	0.38%	0.27%
TMUS	B	0.41%	0.1%	0.1%
TNDM	C	0.01%	0.09%	0.01%
TNL	D	0.01%	0.12%	0.01%
TOL	D	0.06%	0.2%	0.06%
TPG	D	0.01%	0.07%	0.01%
TPX	D	0.03%	0.11%	0.03%
TRIP	F	0.01%	0.08%	0.01%
TRU	C	0.07%	0.17%	0.07%
TT	B	0.25%	0.51%	0.25%
TTEK	D	0.04%	0.21%	0.04%
TTWO	C	0.12%	0.09%	0.09%
TW	C	0.04%	0.09%	0.04%
URI	D	0.16%	0.39%	0.16%
VMC	D	0.12%	0.33%	0.12%
VNT	D	0.02%	0.15%	0.02%
VRT	C	0.13%	0.49%	0.13%
VRTX	B	0.05%	0.1%	0.05%
VST	C	0.1%	0.57%	0.1%
W	D	0.01%	0.1%	0.01%
WAB	D	0.13%	0.5%	0.13%
WEX	D	0.02%	0.13%	0.02%
WM	B	0.04%	0.27%	0.04%
WMB	B	0.24%	0.1%	0.1%
WSC	F	0.02%	0.07%	0.02%
WSM	D	0.07%	0.2%	0.07%
WSO	B	0.05%	0.1%	0.05%
WWD	D	0.05%	0.21%	0.05%
WYNN	D	0.04%	0.12%	0.04%
XPO	C	0.05%	0.19%	0.05%
XYL	D	0.13%	0.19%	0.13%

IWD Overweight 622 Positions Relative to FAD

Symbol	Grade	Weight
BRK.A	C	3.5%
XOM	D	2.45%
JNJ	F	1.65%
WMT	A	1.36%
BAC	B	1.27%
CVX	D	1.26%
MRK	C	1.26%
WFC	C	0.97%
CSCO	D	0.9%
DIS	D	0.88%
VZ	B	0.81%
ABT	D	0.8%
DHR	D	0.78%
PFE	C	0.74%
PM	B	0.74%
CMCSA	F	0.71%
NEE	D	0.71%
MU	C	0.68%
RTX	D	0.68%
GS	A	0.66%
COP	D	0.64%
T	B	0.63%
INTC	C	0.61%
KO	A	0.59%
HON	B	0.58%
C	B	0.55%
BLK	B	0.54%
MS	B	0.53%
ADI	B	0.53%
ELV	C	0.52%
MCD	F	0.52%
SCHW	D	0.51%
CB	C	0.5%
TXN	B	0.49%
MDT	D	0.49%
PLD	C	0.48%
REGN	B	0.47%
CI	D	0.42%
AXP	C	0.42%
MDLZ	D	0.42%
BMY	F	0.4%
SO	B	0.4%
GILD	C	0.4%
MO	A	0.38%
TMO	D	0.38%
ICE	A	0.37%
UNP	D	0.37%
DUK	C	0.36%
CVS	D	0.35%
GD	D	0.34%
UNH	D	0.34%
EOG	D	0.34%
CME	D	0.33%
PEP	D	0.33%
UPS	D	0.33%
FDX	B	0.32%
FCX	C	0.32%
BDX	F	0.31%
MPC	D	0.3%
FI	C	0.3%
PSX	D	0.29%
EMR	C	0.29%
USB	D	0.29%
PNC	C	0.28%
MMM	B	0.27%
WELL	A	0.27%
NOC	D	0.27%
APD	D	0.27%
VLO	D	0.25%
GM	B	0.25%
AIG	D	0.25%
CARR	C	0.25%
AMGN	B	0.25%
HCA	C	0.25%
TFC	B	0.24%
COF	D	0.24%
NKE	F	0.24%
AFL	B	0.24%
F	B	0.23%
NEM	A	0.23%
MCK	B	0.23%
AEP	C	0.22%
TRV	D	0.22%
NSC	D	0.22%
GEV	B	0.22%
SRE	B	0.22%
FIS	B	0.21%
MET	D	0.21%
OKE	B	0.21%
JCI	D	0.21%
ALL	D	0.2%
LHX	B	0.2%
PRU	B	0.2%
DHI	D	0.2%
OXY	D	0.2%
O	C	0.2%
MRNA	D	0.19%
D	C	0.19%
FERG	D	0.18%
DOW	D	0.18%
CCI	D	0.18%
EA	B	0.18%
CTVA	D	0.18%
NUE	F	0.18%
CMI	D	0.18%
COIN	C	0.18%
KMI	B	0.18%
FANG	B	0.17%
PCG	D	0.17%
CNC	D	0.17%
LEN	D	0.17%
GIS	D	0.17%
PEG	B	0.17%
LOW	D	0.16%
CTSH	C	0.16%
BKR	C	0.16%
DD	C	0.16%
EXC	D	0.16%
EQIX	C	0.16%
PGR	B	0.15%
ED	D	0.15%
ACGL	C	0.15%
KR	C	0.15%
ADM	C	0.15%
KDP	D	0.15%
EXR	B	0.15%
BIIB	C	0.15%
AVB	B	0.14%
ON	C	0.14%
GLW	B	0.14%
VICI	D	0.14%
XEL	D	0.14%
DVN	D	0.14%
HIG	C	0.14%
GEHC	D	0.14%
DFS	B	0.14%
CBRE	C	0.13%
EIX	C	0.13%
HPE	C	0.13%
QCOM	B	0.13%
LYB	D	0.12%
WEC	D	0.12%
WDC	B	0.12%
DOV	D	0.12%
HUM	C	0.12%
AWK	B	0.12%
TROW	C	0.12%
EQR	B	0.12%
EBAY	B	0.12%
KHC	D	0.12%
ETR	D	0.11%
ZBH	D	0.11%
DTE	D	0.11%
RJF	D	0.11%
KVUE	F	0.11%
HPQ	C	0.11%
WTW	B	0.11%
HAL	F	0.11%
FITB	D	0.11%
MTB	C	0.11%
IFF	B	0.11%
GPN	D	0.11%
VTR	A	0.1%
WY	F	0.1%
MKL	D	0.1%
FE	C	0.1%
VLTO	D	0.1%
DLTR	F	0.1%
ICLR	B	0.1%
PPG	D	0.1%
SQ	C	0.1%
STT	C	0.1%
NDAQ	C	0.1%
HES	D	0.09%
HBAN	D	0.09%
AEE	D	0.09%
MSCI	C	0.09%
APTV	F	0.09%
PSA	B	0.09%
BALL	D	0.09%
PFG	D	0.09%
SBAC	F	0.09%
STLD	D	0.09%
GPC	D	0.09%
CNP	B	0.09%
ES	C	0.09%
LDOS	B	0.09%
CTRA	D	0.09%
ARE	C	0.09%
RS	D	0.08%
CFG	B	0.08%
WBD	F	0.08%
PKG	C	0.08%
MAA	C	0.08%
MRO	B	0.08%
SWKS	C	0.08%
TXT	D	0.08%
LUV	D	0.08%
BAX	C	0.08%
COO	D	0.08%
HOLX	C	0.08%
LH	C	0.08%
CMS	D	0.08%
EL	F	0.08%
ESS	B	0.08%
KEYS	D	0.08%
J	D	0.08%
ATO	D	0.08%
OMC	D	0.08%
NRG	D	0.08%
RF	B	0.08%
MKC	C	0.08%
SYF	B	0.08%
CINF	C	0.08%
TDY	D	0.08%
THC	C	0.07%
ADP	D	0.07%
BBY	C	0.07%
FWONK	B	0.07%
AMCR	D	0.07%
EG	D	0.07%
UTHR	B	0.07%
CF	F	0.07%
AVTR	D	0.07%
IP	C	0.07%
K	D	0.07%
VRSN	C	0.07%
ZM	F	0.07%
OC	D	0.07%
DGX	C	0.07%
BG	B	0.07%
TSN	D	0.07%
UAL	D	0.07%
EXPD	B	0.07%
WRB	C	0.07%
EVRG	D	0.06%
ILMN	D	0.06%
NI	B	0.06%
CAH	D	0.06%
ACM	D	0.06%
WPC	D	0.06%
USFD	C	0.06%
AVY	D	0.06%
AMH	A	0.06%
SWK	D	0.06%
NVT	D	0.06%
PNR	D	0.06%
KIM	B	0.06%
FNF	D	0.06%
VTRS	D	0.06%
UDR	B	0.06%
WRK	C	0.06%
KEY	C	0.06%
ZBRA	C	0.06%
LNT	B	0.06%
RVTY	D	0.06%
EQT	D	0.06%
SNA	F	0.06%
CE	F	0.06%
SSNC	B	0.06%
CAG	D	0.06%
DOC	B	0.06%
TRMB	C	0.06%
MCHP	C	0.06%
RGA	C	0.06%
BMRN	C	0.06%
L	D	0.06%
MOS	F	0.05%
BXP	C	0.05%
TFX	C	0.05%
HII	D	0.05%
JLL	B	0.05%
NLY	C	0.05%
RPRX	F	0.05%
CNH	F	0.05%
CUBE	B	0.05%
EWBC	D	0.05%
CTLT	B	0.05%
CHK	D	0.05%
JBHT	F	0.05%
NWSA	B	0.05%
ALLY	B	0.05%
KMX	C	0.05%
QRVO	B	0.05%
LKQ	F	0.05%
SJM	D	0.05%
REG	B	0.05%
IPG	F	0.05%
FTI	B	0.05%
UHS	C	0.05%
CPT	B	0.05%
DKS	C	0.05%
GLPI	B	0.05%
GEN	B	0.05%
JNPR	B	0.05%
SUI	C	0.05%
EMN	D	0.05%
NOV	D	0.04%
BWA	F	0.04%
AYI	D	0.04%
CLF	D	0.04%
ACI	F	0.04%
BJ	B	0.04%
KNX	C	0.04%
NNN	B	0.04%
SNX	D	0.04%
RRC	D	0.04%
ELS	C	0.04%
SF	B	0.04%
EHC	B	0.04%
ORI	D	0.04%
TWLO	D	0.04%
MOH	F	0.04%
CGNX	B	0.04%
CCK	F	0.04%
GNRC	C	0.04%
FRT	C	0.04%
X	C	0.04%
UNM	D	0.04%
OHI	B	0.04%
FHN	C	0.04%
RGLD	B	0.04%
FOXA	B	0.04%
FBIN	F	0.04%
HSIC	D	0.04%
CG	C	0.04%
DINO	D	0.04%
RNR	D	0.04%
PNW	C	0.04%
CPB	B	0.04%
SKX	C	0.04%
HRL	F	0.04%
WBA	F	0.04%
BBWI	F	0.04%
TAP	F	0.04%
AIZ	D	0.04%
JEF	B	0.04%
TPR	C	0.04%
DOX	D	0.04%
AFG	D	0.04%
RRX	F	0.04%
QGEN	D	0.04%
AR	D	0.04%
COHR	B	0.04%
REXR	C	0.04%
WTRG	C	0.04%
NU	B	0.04%
CACI	B	0.04%
XP	F	0.03%
LPX	D	0.03%
OLED	A	0.03%
SRCL	B	0.03%
XRAY	F	0.03%
OMF	D	0.03%
R	B	0.03%
IVZ	D	0.03%
FAF	D	0.03%
WHR	C	0.03%
AZPN	D	0.03%
SNV	B	0.03%
KBR	D	0.03%
AXS	C	0.03%
BIO	D	0.03%
ST	C	0.03%
WH	C	0.03%
OLN	F	0.03%
AIRC	A	0.03%
MHK	D	0.03%
MAT	F	0.03%
DAR	F	0.03%
PNFP	D	0.03%
MTG	B	0.03%
WTFC	D	0.03%
GXO	F	0.03%
GMED	B	0.03%
PARA	C	0.03%
PYPL	D	0.03%
ESI	B	0.03%
BPOP	D	0.03%
SAIC	D	0.03%
FMC	F	0.03%
ZION	C	0.03%
ADC	B	0.03%
ACHC	F	0.03%
ALNY	A	0.03%
LFUS	C	0.03%
CMA	C	0.03%
AGCO	F	0.03%
HLI	A	0.03%
FLS	D	0.03%
FR	C	0.03%
HR	B	0.03%
PVH	F	0.03%
FYBR	B	0.03%
DE	F	0.03%
STAG	B	0.03%
ARW	D	0.03%
ROKU	C	0.03%
SEIC	D	0.03%
SCI	C	0.03%
CBSH	C	0.03%
WAL	B	0.03%
RHI	F	0.03%
LEA	F	0.03%
MIDD	F	0.03%
AGNC	A	0.03%
GME	C	0.03%
OVV	D	0.03%
BEN	F	0.03%
MTZ	C	0.03%
BERY	D	0.03%
DAY	F	0.03%
CRUS	A	0.03%
LAD	F	0.03%
OSK	D	0.03%
DTM	B	0.03%
AA	B	0.03%
CIEN	F	0.03%
CR	C	0.03%
VOYA	D	0.03%
EVR	A	0.03%
ELAN	D	0.03%
WCC	D	0.03%
KEX	B	0.03%
SOLV	F	0.03%
HSY	F	0.03%
WBS	D	0.03%
COLD	C	0.03%
OGE	C	0.03%
GL	D	0.03%
Z	C	0.03%
SWN	D	0.03%
LITE	B	0.02%
NWS	B	0.02%
LSXMK	C	0.02%
RBA	B	0.02%
NXST	B	0.02%
MAN	D	0.02%
CC	F	0.02%
PRGO	F	0.02%
CUZ	D	0.02%
SLGN	D	0.02%
IAC	F	0.02%
KMPR	C	0.02%
MSGS	B	0.02%
DXC	C	0.02%
KRC	F	0.02%
UHAL	D	0.02%
SITE	F	0.02%
CPRI	D	0.02%
HUN	F	0.02%
AAP	F	0.02%
TER	A	0.02%
PII	F	0.02%
BYD	C	0.02%
RGEN	F	0.02%
BEPC	D	0.02%
COLB	D	0.02%
LAZ	C	0.02%
VVV	B	0.02%
HOG	F	0.02%
FLO	D	0.02%
AGO	D	0.02%
G	D	0.02%
RYN	D	0.02%
FOX	B	0.02%
OZK	D	0.02%
WTM	D	0.02%
THG	D	0.02%
BC	F	0.02%
CCCS	D	0.02%
AN	D	0.02%
VNO	C	0.02%
JHG	B	0.02%
YUM	D	0.02%
DLB	D	0.02%
AVT	D	0.02%
IDA	D	0.02%
GPS	C	0.02%
GFS	C	0.02%
ASH	D	0.02%
WLK	D	0.02%
CZR	C	0.02%
LNC	C	0.02%
FNB	C	0.02%
THO	D	0.02%
UGI	D	0.02%
VFC	D	0.02%
NFG	D	0.02%
ANSS	C	0.02%
TKR	D	0.02%
AL	C	0.02%
LBRDK	C	0.02%
JBL	F	0.02%
TYL	A	0.02%
SON	F	0.02%
MDU	C	0.02%
ALK	F	0.02%
M	C	0.02%
BILL	F	0.02%
RITM	D	0.02%
AMG	D	0.02%
PB	D	0.02%
OGN	C	0.02%
VMI	C	0.02%
KLG	F	0.01%
AMC	C	0.01%
CNA	B	0.01%
UAA	F	0.01%
CAR	F	0.01%
SNDR	B	0.01%
PLUG	F	0.01%
UA	F	0.01%
MP	D	0.01%
LSTR	D	0.01%
VSTS	F	0.01%
LEG	F	0.01%
MRCY	D	0.01%
VSAT	F	0.01%
FWONA	C	0.01%
LSXMA	C	0.01%
VYX	C	0.01%
REYN	D	0.01%
HAYW	F	0.01%
PPC	B	0.01%
TDOC	F	0.01%
LLYVK	C	0.01%
QS	F	0.01%
LEN	D	0.01%
SIRI	C	0.01%
CABO	F	0.01%
CDW	D	0.01%
QDEL	F	0.01%
ZI	F	0.01%
NATL	B	0.01%
PHIN	D	0.01%
VIRT	C	0.01%
IART	C	0.01%
RCM	F	0.01%
ADT	B	0.01%
LCID	D	0.01%
FTRE	D	0.01%
GO	D	0.01%
NYCB	D	0.01%
CWEN	D	0.01%
PINC	F	0.01%
SEE	F	0.01%
HHH	D	0.01%
CHRW	C	0.01%
CRI	F	0.01%
WU	D	0.01%
ENOV	F	0.01%
ODFL	C	0.01%
NWL	F	0.01%
ICUI	B	0.01%
BOKF	D	0.01%
BHF	F	0.01%
DNB	F	0.01%
ZG	C	0.01%
IPGP	D	0.01%
AGR	C	0.01%
SPB	D	0.01%
KSS	F	0.01%
FHB	C	0.01%
NVST	F	0.01%
HIW	C	0.01%
CLVT	F	0.01%
MPW	F	0.01%
COLM	D	0.01%
SLM	D	0.01%
CNXC	C	0.01%
APA	F	0.01%
PENN	C	0.01%
KMB	B	0.01%
WOLF	F	0.01%
AZTA	D	0.01%
GTES	D	0.01%
PAG	D	0.01%
RUN	F	0.01%
VAC	F	0.01%
U	F	0.01%
CXT	D	0.01%
INCY	D	0.01%
AMED	A	0.01%
ETSY	F	0.01%
RH	D	0.01%
EPR	C	0.01%
CACC	B	0.01%
JAZZ	F	0.01%
RNAC	F	0.0%
AMBP	D	0.0%
PLTK	F	0.0%
UI	B	0.0%
PARAA	C	0.0%
OLPX	F	0.0%
CART	C	0.0%
ROIV	D	0.0%
IRDM	D	0.0%
SAM	C	0.0%
GRAL	D	0.0%
WOOF	C	0.0%
MRVI	F	0.0%
UHAL	D	0.0%
NLOP	C	0.0%
SHC	C	0.0%
PYCR	D	0.0%
DNA	F	0.0%
HTZ	F	0.0%
UWMC	D	0.0%
TFSL	D	0.0%
TECH	D	0.0%
DBX	D	0.0%
LBRDA	C	0.0%
LLYVA	C	0.0%
SEB	F	0.0%
BSY	D	0.0%
VSCO	D	0.0%
CWEN	D	0.0%
SSRM	F	0.0%
BIRK	B	0.0%
CAVA	B	0.0%
HE	F	0.0%

IWD Underweight 418 Positions Relative to FAD

Symbol	Grade	Weight
NVDA	B	-0.63%
ANET	A	-0.55%
CRWD	B	-0.55%
AMZN	A	-0.5%
DECK	C	-0.49%
META	A	-0.49%
CMG	D	-0.49%
APO	B	-0.48%
BAH	C	-0.48%
KLAC	B	-0.43%
LLY	A	-0.43%
UBER	B	-0.42%
COST	A	-0.42%
GWW	C	-0.41%
NFLX	A	-0.41%
PLTR	A	-0.4%
SMCI	B	-0.4%
LPLA	B	-0.38%
DKNG	F	-0.37%
AXON	C	-0.35%
MAR	C	-0.35%
CVNA	B	-0.34%
ERIE	C	-0.33%
FICO	A	-0.32%
AVGO	B	-0.32%
NET	B	-0.31%
ANF	C	-0.31%
BKNG	B	-0.3%
ISRG	A	-0.3%
STX	B	-0.3%
SFM	B	-0.29%
DPZ	D	-0.28%
DDOG	B	-0.28%
SNPS	B	-0.28%
MANH	B	-0.27%
NTRA	B	-0.27%
NOW	A	-0.27%
ARES	C	-0.27%
EW	B	-0.26%
WING	B	-0.26%
CDNS	B	-0.26%
ABNB	B	-0.25%
IT	B	-0.25%
ELF	C	-0.25%
CPRT	C	-0.25%
TXRH	B	-0.25%
MEDP	C	-0.24%
WFRD	B	-0.24%
TDW	C	-0.23%
DVA	C	-0.23%
MOD	B	-0.23%
TOST	B	-0.23%
LNW	B	-0.23%
ADMA	B	-0.22%
DXCM	D	-0.22%
APG	C	-0.22%
ITGR	C	-0.22%
PSN	C	-0.22%
FIX	D	-0.22%
GOOGL	A	-0.22%
TTD	A	-0.21%
BPMC	A	-0.21%
AVAV	D	-0.21%
CVLT	B	-0.21%
NXPI	B	-0.2%
MSFT	A	-0.2%
ULTA	D	-0.2%
SMMT	C	-0.2%
ATI	C	-0.2%
TJX	A	-0.2%
BCO	B	-0.2%
MOG.A	C	-0.19%
ROL	A	-0.19%
ENSG	B	-0.18%
HRI	F	-0.18%
IBP	D	-0.18%
RMD	C	-0.18%
BRBR	B	-0.18%
AAON	B	-0.18%
FSS	D	-0.18%
NBIX	C	-0.18%
ZS	B	-0.18%
APPF	B	-0.18%
INTU	A	-0.18%
KNSL	F	-0.17%
PEGA	D	-0.17%
MA	C	-0.17%
HIMS	C	-0.17%
GKOS	A	-0.17%
WMS	D	-0.17%
HUBS	C	-0.17%
COKE	B	-0.17%
AGIO	C	-0.16%
IOT	C	-0.16%
LYFT	F	-0.16%
CELH	F	-0.16%
MARA	C	-0.16%
ZWS	D	-0.16%
PRCT	C	-0.16%
RDNT	B	-0.16%
USLM	C	-0.16%
FTNT	C	-0.16%
KAI	B	-0.16%
MSTR	D	-0.16%
HD	C	-0.16%
ONTO	B	-0.16%
ZETA	B	-0.16%
IESC	C	-0.15%
RXST	D	-0.15%
WDAY	D	-0.15%
SGBX	F	-0.15%
SKYW	B	-0.15%
OSCR	D	-0.15%
DY	B	-0.15%
TNET	F	-0.14%
CBT	D	-0.14%
MRUS	C	-0.14%
HQY	B	-0.14%
ITRI	C	-0.14%
FND	F	-0.14%
GVA	B	-0.14%
STRL	D	-0.14%
RYAN	B	-0.14%
TWST	B	-0.14%
SKWD	D	-0.13%
SPNT	D	-0.13%
PLMR	C	-0.13%
CMPR	B	-0.13%
ROAD	D	-0.13%
DUOL	F	-0.13%
MORN	B	-0.13%
CRVL	B	-0.13%
ACA	D	-0.13%
POWL	D	-0.13%
AZZ	D	-0.13%
BKD	C	-0.13%
VRNS	B	-0.13%
AIT	C	-0.13%
AROC	B	-0.13%
UFPT	A	-0.13%
GATX	B	-0.13%
GOLF	C	-0.13%
ARDX	F	-0.12%
LPG	C	-0.12%
INSW	C	-0.12%
CSWI	A	-0.12%
VERX	B	-0.12%
ALKT	B	-0.12%
VCEL	C	-0.12%
ANIP	D	-0.12%
MAC	D	-0.12%
MBIN	C	-0.12%
HWKN	B	-0.12%
QTWO	B	-0.12%
CBZ	D	-0.12%
PR	C	-0.12%
CNK	A	-0.12%
GRBK	C	-0.12%
BRKR	F	-0.12%
SFBS	C	-0.12%
GBX	D	-0.12%
PI	C	-0.12%
MGNI	B	-0.12%
SLG	B	-0.11%
CAL	F	-0.11%
PCOR	C	-0.11%
MPWR	B	-0.11%
PANW	B	-0.11%
SMTC	C	-0.11%
COLL	C	-0.11%
HLX	B	-0.11%
SRPT	C	-0.11%
SHAK	D	-0.11%
AMRX	C	-0.11%
DSGR	F	-0.11%
TRN	D	-0.11%
EPAC	B	-0.11%
BOWL	B	-0.11%
INSM	A	-0.11%
AMR	D	-0.11%
PINS	B	-0.11%
SSD	F	-0.11%
IDCC	A	-0.11%
LRN	D	-0.11%
GFF	D	-0.11%
HALO	B	-0.11%
PTGX	B	-0.11%
RHP	D	-0.11%
CRS	B	-0.11%
RYTM	B	-0.1%
KYMR	D	-0.1%
MIR	C	-0.1%
ATGE	A	-0.1%
KTB	D	-0.1%
NSSC	B	-0.1%
VRRM	B	-0.1%
TGLS	C	-0.1%
GPOR	D	-0.1%
FOUR	B	-0.1%
TREX	F	-0.1%
AMK	B	-0.1%
PGNY	D	-0.1%
MYRG	F	-0.1%
VECO	B	-0.1%
LAUR	C	-0.1%
FOR	F	-0.1%
OSIS	C	-0.1%
CHDN	B	-0.1%
GERN	B	-0.1%
ESTC	B	-0.1%
BMI	C	-0.1%
TMDX	A	-0.1%
LMND	C	-0.1%
TNC	D	-0.1%
ICFI	D	-0.1%
V	C	-0.09%
RBLX	B	-0.09%
OUT	C	-0.09%
DO	C	-0.09%
PJT	A	-0.09%
CFLT	C	-0.09%
OSW	B	-0.09%
CEIX	B	-0.09%
EXLS	B	-0.09%
JBI	D	-0.09%
ACIW	A	-0.09%
HEES	F	-0.09%
GIC	F	-0.09%
TGTX	B	-0.09%
AXSM	B	-0.09%
CWST	B	-0.09%
PTCT	D	-0.09%
HCC	C	-0.09%
SQSP	B	-0.09%
ITCI	C	-0.09%
FWRG	F	-0.09%
KRUS	F	-0.09%
SMG	D	-0.09%
CLDX	F	-0.09%
AGM	B	-0.09%
CDRE	B	-0.09%
LMAT	A	-0.09%
OPCH	F	-0.08%
BEAM	D	-0.08%
SCS	C	-0.08%
MNST	D	-0.08%
DFH	F	-0.08%
IPAR	F	-0.08%
GTLB	C	-0.08%
CRDO	B	-0.08%
TGI	B	-0.08%
HURN	C	-0.08%
ALG	F	-0.08%
ACN	D	-0.08%
WTS	D	-0.08%
PAR	B	-0.08%
CLSK	D	-0.08%
WDFC	D	-0.08%
WHD	C	-0.08%
DOCU	C	-0.08%
AMWD	F	-0.08%
ALKS	C	-0.08%
IRTC	C	-0.08%
FELE	D	-0.08%
IIPR	B	-0.08%
ROK	D	-0.08%
PLAY	F	-0.08%
NHI	A	-0.08%
CBOE	D	-0.08%
ENV	C	-0.08%
EVH	F	-0.08%
KTOS	B	-0.08%
ADSK	B	-0.08%
BOX	D	-0.08%
CHH	B	-0.08%
ROCK	D	-0.07%
GTX	D	-0.07%
TDS	B	-0.07%
DRH	D	-0.07%
BROS	B	-0.07%
ALRM	C	-0.07%
PLAB	D	-0.07%
SXI	D	-0.07%
DOCN	C	-0.07%
FORM	A	-0.07%
ESRT	C	-0.07%
LKFN	D	-0.07%
RRR	B	-0.07%
GIII	F	-0.07%
SHO	C	-0.07%
THR	D	-0.07%
CRNX	D	-0.07%
VEEV	D	-0.07%
HRMY	B	-0.07%
SWI	B	-0.07%
CPRX	D	-0.07%
DBRG	F	-0.07%
GBDC	C	-0.07%
IOSP	D	-0.07%
BASE	D	-0.07%
ACVA	C	-0.07%
WNC	F	-0.07%
CCOI	D	-0.07%
TBBK	B	-0.06%
INSP	F	-0.06%
BRC	B	-0.06%
CARG	C	-0.06%
LNTH	C	-0.06%
MYGN	B	-0.06%
IDYA	F	-0.06%
MDB	D	-0.06%
RNG	F	-0.06%
WRBY	C	-0.06%
APLS	F	-0.06%
SATS	B	-0.06%
HLIT	B	-0.05%
PEB	D	-0.05%
OTTR	D	-0.05%
RAMP	C	-0.05%
SPSC	B	-0.05%
PHR	F	-0.05%
UEC	D	-0.05%
YOU	B	-0.05%
EPRT	A	-0.05%
SKT	D	-0.05%
JOE	D	-0.05%
PMT	C	-0.05%
HLNE	B	-0.05%
YELP	F	-0.05%
DV	D	-0.05%
MMSI	B	-0.05%
WABC	D	-0.05%
TR	C	-0.05%
BANF	D	-0.05%
ALTR	B	-0.05%
IRT	B	-0.05%
MTSI	A	-0.05%
SYBT	C	-0.05%
CHCO	C	-0.05%
ALX	B	-0.05%
SBRA	A	-0.05%
KNTK	B	-0.05%
RVMD	D	-0.05%
FTDR	D	-0.05%
AKR	A	-0.05%
HASI	D	-0.05%
UNIT	D	-0.04%
SGRY	F	-0.04%
QLYS	D	-0.04%
BRZE	D	-0.04%
XMTR	F	-0.04%
TENB	C	-0.04%
RPD	C	-0.04%
GSAT	D	-0.04%
APLE	D	-0.04%
RARE	D	-0.04%
UDMY	F	-0.04%
ALHC	B	-0.04%
WEN	F	-0.04%
CIVI	D	-0.04%
CNS	B	-0.04%
WMG	D	-0.04%
RES	F	-0.04%
BANC	D	-0.04%
MTRN	F	-0.04%
EVTC	F	-0.04%
HAE	C	-0.04%
BCPC	A	-0.04%
NEO	D	-0.04%
ESE	D	-0.03%
AIV	B	-0.03%
VCYT	C	-0.03%
AWR	D	-0.03%
LADR	A	-0.03%
PRGS	B	-0.03%
CTRE	A	-0.03%
ZUO	C	-0.03%
UE	B	-0.03%
FIVE	F	-0.03%
FLNC	F	-0.03%
DNLI	C	-0.03%
JJSF	B	-0.03%
CARS	C	-0.03%
SPT	D	-0.03%
NABL	B	-0.03%
AGYS	B	-0.03%
OPEN	F	-0.03%
CORT	C	-0.03%
ARVN	F	-0.03%
BL	D	-0.03%
MIRM	B	-0.03%
CYTK	D	-0.03%
PCTY	F	-0.03%
XPEL	F	-0.02%
FLYW	F	-0.02%
PZZA	F	-0.02%
JACK	F	-0.02%
RXRX	F	-0.02%
CXM	D	-0.02%
APPN	D	-0.02%
PRO	F	-0.02%
LFST	D	-0.02%
CTKB	D	-0.02%
UPWK	D	-0.02%
JAMF	C	-0.02%
GSHD	D	-0.02%
PRVA	D	-0.02%
NTST	D	-0.02%
VC	D	-0.02%
AMPH	F	-0.02%
VGR	C	-0.02%
UMH	A	-0.02%
MGEE	D	-0.02%
SRRK	F	-0.02%
FA	C	-0.02%
IVT	C	-0.02%
MORF	C	-0.02%
SITC	B	-0.02%