IWD vs. ILCV ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to iShares Morningstar Value ETF (ILCV)

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

$189.29

Average Daily Volume

1,615,569

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

ILCV

iShares Morningstar Value ETF

ILCV Description

The investment seeks to track the investment results of the Morningstar® US Large-Mid Cap Broad Value IndexSM 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. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited above-average value characteristics as determined by Morningstar, Inc.(Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$81.88

Average Daily Volume

19,014

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

Performance

Period	IWD	ILCV
30 Days	2.44%	1.62%
60 Days	4.60%	4.02%
90 Days	9.08%	7.27%
12 Months	26.55%	26.63%

411 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in ILCV	Overlap
	ABBV	B	0.78%	1.32%	0.78%
	ABT	C	0.79%	0.76%	0.76%
	ACGL	B	0.16%	0.11%	0.11%
	ACI	F	0.03%	0.03%	0.03%
	ACM	B	0.05%	0.02%	0.02%
	ACN	C	0.84%	0.7%	0.7%
	ADI	C	0.45%	0.36%	0.36%
	ADM	D	0.12%	0.11%	0.11%
	ADP	C	0.03%	0.27%	0.03%
	AEE	B	0.09%	0.09%	0.09%
	AEP	C	0.22%	0.21%	0.21%
	AES	C	0.05%	0.05%	0.05%
	AFG	C	0.04%	0.02%	0.02%
	AFL	A	0.24%	0.21%	0.21%
	AGR	C	0.01%	0.01%	0.01%
	AIG	D	0.19%	0.18%	0.18%
	AJG	D	0.22%	0.15%	0.15%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	D	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	C	0.17%	0.11%	0.11%
	ALLE	B	0.05%	0.02%	0.02%
	ALLY	F	0.03%	0.04%	0.03%
	AMAT	D	0.05%	0.37%	0.05%
	AMCR	B	0.06%	0.06%	0.06%
	AMGN	D	0.16%	0.7%	0.16%
	AMP	B	0.02%	0.06%	0.02%
	AON	B	0.27%	0.21%	0.21%
	AOS	B	0.04%	0.01%	0.01%
	APA	F	0.04%	0.04%	0.04%
	APD	B	0.26%	0.25%	0.25%
	APH	C	0.13%	0.13%	0.13%
	APO	B	0.07%	0.14%	0.07%
	APTV	D	0.08%	0.03%	0.03%
	AR	C	0.03%	0.03%	0.03%
	ARE	C	0.08%	0.05%	0.05%
	ATO	B	0.08%	0.08%	0.08%
	AVB	C	0.13%	0.06%	0.06%
	AVTR	C	0.07%	0.03%	0.03%
	AVY	C	0.04%	0.03%	0.03%
	AWK	C	0.11%	0.06%	0.06%
	AXP	B	0.38%	0.38%	0.38%
	BA	F	0.3%	0.36%	0.3%
	BAC	D	1.09%	1.05%	1.05%
	BALL	C	0.08%	0.03%	0.03%
	BAX	C	0.08%	0.08%	0.08%
	BBY	A	0.08%	0.07%	0.07%
	BDX	D	0.27%	0.26%	0.26%
	BEN	F	0.02%	0.02%	0.02%
	BG	F	0.06%	0.05%	0.05%
	BIIB	F	0.12%	0.11%	0.11%
	BJ	D	0.04%	0.02%	0.02%
	BK	B	0.21%	0.2%	0.2%
	BKNG	B	0.03%	0.35%	0.03%
	BKR	C	0.14%	0.07%	0.07%
	BLD	C	0.05%	0.02%	0.02%
	BLDR	C	0.09%	0.05%	0.05%
	BLK	B	0.55%	0.53%	0.53%
	BMY	C	0.4%	0.39%	0.39%
	BRK.A	C	3.33%	3.16%	3.16%
	BSX	B	0.49%	0.25%	0.25%
	BXP	C	0.05%	0.05%	0.05%
	C	C	0.48%	0.46%	0.46%
	CAG	B	0.06%	0.06%	0.06%
	CAH	C	0.04%	0.11%	0.04%
	CARR	B	0.27%	0.11%	0.11%
	CASY	D	0.05%	0.02%	0.02%
	CAT	B	0.62%	0.53%	0.53%
	CB	B	0.47%	0.42%	0.42%
	CBRE	B	0.15%	0.06%	0.06%
	CCI	C	0.2%	0.19%	0.19%
	CCK	B	0.04%	0.03%	0.03%
	CCL	C	0.08%	0.07%	0.07%
	CE	D	0.04%	0.02%	0.02%
	CEG	C	0.27%	0.31%	0.27%
	CF	B	0.06%	0.06%	0.06%
	CFG	D	0.08%	0.07%	0.07%
	CG	C	0.04%	0.04%	0.04%
	CHK	C	0.04%	0.03%	0.03%
	CHTR	D	0.12%	0.13%	0.12%
	CI	C	0.36%	0.38%	0.36%
	CINF	C	0.08%	0.05%	0.05%
	CL	C	0.15%	0.23%	0.15%
	CMCSA	C	0.62%	0.6%	0.6%
	CME	B	0.31%	0.3%	0.3%
	CMI	B	0.17%	0.05%	0.05%
	CMS	B	0.08%	0.05%	0.05%
	CNC	D	0.16%	0.15%	0.15%
	CNH	C	0.04%	0.04%	0.04%
	CNP	C	0.07%	0.07%	0.07%
	COF	B	0.23%	0.22%	0.22%
	COO	C	0.09%	0.02%	0.02%
	COP	F	0.51%	0.49%	0.49%
	COTY	D	0.01%	0.0%	0.0%
	CPB	C	0.04%	0.04%	0.04%
	CPT	C	0.05%	0.03%	0.03%
	CRH	B	0.26%	0.25%	0.25%
	CRL	F	0.04%	0.01%	0.01%
	CSCO	B	0.84%	0.81%	0.81%
	CSX	C	0.27%	0.26%	0.26%
	CTRA	F	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.15%	0.15%
	CTVA	B	0.16%	0.09%	0.09%
	CVS	D	0.29%	0.28%	0.28%
	CVX	F	1.0%	0.95%	0.95%
	D	C	0.19%	0.11%	0.11%
	DAL	C	0.12%	0.06%	0.06%
	DD	B	0.14%	0.07%	0.07%
	DE	A	0.41%	0.4%	0.4%
	DELL	C	0.11%	0.07%	0.07%
	DFS	C	0.14%	0.06%	0.06%
	DG	F	0.08%	0.07%	0.07%
	DGX	B	0.07%	0.07%	0.07%
	DHI	C	0.23%	0.22%	0.22%
	DHR	B	0.7%	0.68%	0.68%
	DINO	F	0.03%	0.03%	0.03%
	DIS	D	0.69%	0.47%	0.47%
	DKS	D	0.04%	0.03%	0.03%
	DLR	B	0.2%	0.05%	0.05%
	DLTR	F	0.06%	0.03%	0.03%
	DOC	B	0.06%	0.06%	0.06%
	DOV	B	0.1%	0.03%	0.03%
	DOW	C	0.15%	0.08%	0.08%
	DRI	C	0.04%	0.04%	0.04%
	DTE	A	0.1%	0.1%	0.1%
	DUK	B	0.36%	0.35%	0.35%
	DVN	F	0.1%	0.1%	0.1%
	EA	D	0.15%	0.04%	0.04%
	EBAY	B	0.13%	0.08%	0.08%
	ECL	B	0.03%	0.11%	0.03%
	ED	B	0.14%	0.14%	0.14%
	EG	B	0.06%	0.07%	0.06%
	EIX	B	0.13%	0.13%	0.13%
	ELS	D	0.05%	0.02%	0.02%
	ELV	D	0.42%	0.48%	0.42%
	EMN	B	0.05%	0.05%	0.05%
	EMR	D	0.24%	0.23%	0.23%
	EOG	D	0.29%	0.28%	0.28%
	EPAM	F	0.04%	0.02%	0.02%
	EQR	C	0.12%	0.06%	0.06%
	EQT	C	0.08%	0.03%	0.03%
	ES	B	0.09%	0.09%	0.09%
	ESS	C	0.08%	0.04%	0.04%
	ETN	C	0.53%	0.22%	0.22%
	ETR	A	0.11%	0.11%	0.11%
	EVRG	B	0.05%	0.06%	0.05%
	EXC	B	0.16%	0.15%	0.15%
	EXPD	B	0.06%	0.07%	0.06%
	EXR	C	0.15%	0.09%	0.09%
	F	F	0.17%	0.16%	0.16%
	FANG	F	0.13%	0.12%	0.12%
	FCX	C	0.25%	0.25%	0.25%
	FDX	D	0.23%	0.22%	0.22%
	FE	B	0.1%	0.09%	0.09%
	FERG	D	0.15%	0.15%	0.15%
	FFIV	B	0.05%	0.03%	0.03%
	FI	B	0.28%	0.31%	0.28%
	FIS	C	0.19%	0.18%	0.18%
	FITB	B	0.12%	0.11%	0.11%
	FNF	B	0.06%	0.06%	0.06%
	FOX	B	0.02%	0.02%	0.02%
	FOXA	B	0.04%	0.04%	0.04%
	FTV	C	0.11%	0.03%	0.03%
	GD	C	0.33%	0.29%	0.29%
	GE	C	0.64%	0.36%	0.36%
	GEHC	B	0.14%	0.08%	0.08%
	GEN	A	0.06%	0.03%	0.03%
	GEV	B	0.27%	0.13%	0.13%
	GILD	B	0.42%	0.4%	0.4%
	GIS	B	0.17%	0.16%	0.16%
	GLPI	C	0.05%	0.05%	0.05%
	GLW	B	0.14%	0.13%	0.13%
	GM	C	0.22%	0.21%	0.21%
	GPC	D	0.08%	0.04%	0.04%
	GPN	D	0.11%	0.07%	0.07%
	GRMN	D	0.11%	0.04%	0.04%
	GS	B	0.46%	0.62%	0.46%
	HAL	F	0.1%	0.05%	0.05%
	HBAN	B	0.09%	0.08%	0.08%
	HCA	B	0.23%	0.29%	0.23%
	HD	B	0.31%	1.49%	0.31%
	HIG	B	0.14%	0.13%	0.13%
	HII	F	0.04%	0.02%	0.02%
	HOLX	D	0.08%	0.07%	0.07%
	HON	C	0.45%	0.51%	0.45%
	HPE	C	0.1%	0.09%	0.09%
	HPQ	C	0.1%	0.13%	0.1%
	HRL	F	0.04%	0.02%	0.02%
	HST	D	0.05%	0.05%	0.05%
	HSY	D	0.1%	0.05%	0.05%
	HUM	F	0.15%	0.14%	0.14%
	IBM	B	0.8%	0.77%	0.77%
	ICE	C	0.36%	0.29%	0.29%
	IFF	A	0.1%	0.1%	0.1%
	INCY	C	0.04%	0.02%	0.02%
	INTC	D	0.37%	0.36%	0.36%
	IP	C	0.07%	0.07%	0.07%
	IPG	C	0.05%	0.04%	0.04%
	IQV	D	0.15%	0.06%	0.06%
	IRM	C	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.29%	0.19%
	J	A	0.07%	0.02%	0.02%
	JBHT	D	0.06%	0.02%	0.02%
	JBL	C	0.05%	0.02%	0.02%
	JCI	B	0.2%	0.08%	0.08%
	JNJ	C	1.58%	1.52%	1.52%
	JNPR	A	0.05%	0.05%	0.05%
	JPM	D	2.42%	2.31%	2.31%
	K	A	0.08%	0.08%	0.08%
	KDP	B	0.16%	0.1%	0.1%
	KEY	C	0.06%	0.06%	0.06%
	KEYS	B	0.11%	0.06%	0.06%
	KHC	C	0.12%	0.12%	0.12%
	KIM	C	0.06%	0.02%	0.02%
	KKR	B	0.26%	0.25%	0.25%
	KMB	C	0.11%	0.12%	0.11%
	KMI	C	0.17%	0.16%	0.16%
	KMX	D	0.04%	0.02%	0.02%
	KO	B	0.47%	1.08%	0.47%
	KR	B	0.15%	0.14%	0.14%
	KVUE	B	0.18%	0.15%	0.15%
	L	D	0.06%	0.06%	0.06%
	LDOS	A	0.08%	0.05%	0.05%
	LEN	B	0.01%	0.01%	0.01%
	LEN	B	0.17%	0.17%	0.17%
	LEN	B	0.01%	0.17%	0.01%
	LEN	B	0.17%	0.01%	0.01%
	LH	D	0.07%	0.07%	0.07%
	LHX	C	0.18%	0.17%	0.17%
	LIN	B	0.91%	0.72%	0.72%
	LKQ	F	0.04%	0.04%	0.04%
	LMT	A	0.33%	0.47%	0.33%
	LNG	D	0.08%	0.11%	0.08%
	LNT	A	0.06%	0.06%	0.06%
	LOW	B	0.6%	0.57%	0.57%
	LUV	C	0.07%	0.04%	0.04%
	LYB	D	0.1%	0.09%	0.09%
	MAA	C	0.08%	0.05%	0.05%
	MAR	B	0.22%	0.18%	0.18%
	MAS	B	0.07%	0.04%	0.04%
	MCD	B	0.8%	0.65%	0.65%
	MCHP	D	0.16%	0.09%	0.09%
	MCK	F	0.15%	0.18%	0.15%
	MDLZ	C	0.4%	0.38%	0.38%
	MDT	B	0.46%	0.44%	0.44%
	MET	B	0.19%	0.19%	0.19%
	MGM	D	0.03%	0.02%	0.02%
	MKC	C	0.08%	0.04%	0.04%
	MKL	C	0.06%	0.03%	0.03%
	MMC	C	0.38%	0.31%	0.31%
	MMM	B	0.24%	0.29%	0.24%
	MO	C	0.35%	0.33%	0.33%
	MOH	D	0.03%	0.03%	0.03%
	MOS	F	0.03%	0.03%	0.03%
	MPC	F	0.23%	0.22%	0.22%
	MRNA	F	0.09%	0.05%	0.05%
	MRO	D	0.06%	0.06%	0.06%
	MS	B	0.45%	0.49%	0.45%
	MSI	B	0.15%	0.19%	0.15%
	MSTR	C	0.08%	0.04%	0.04%
	MTB	C	0.12%	0.11%	0.11%
	MU	D	0.4%	0.39%	0.39%
	NDAQ	C	0.12%	0.07%	0.07%
	NEE	B	0.68%	0.65%	0.65%
	NEM	C	0.25%	0.11%	0.11%
	NI	B	0.06%	0.06%	0.06%
	NKE	D	0.16%	0.3%	0.16%
	NOC	B	0.29%	0.3%	0.29%
	NRG	B	0.04%	0.05%	0.04%
	NSC	C	0.22%	0.22%	0.22%
	NTAP	D	0.06%	0.05%	0.05%
	NTRS	C	0.07%	0.07%	0.07%
	NUE	D	0.14%	0.13%	0.13%
	NVR	B	0.11%	0.11%	0.11%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.04%	0.04%
	O	B	0.21%	0.14%	0.14%
	OC	C	0.06%	0.06%	0.06%
	OKE	C	0.22%	0.21%	0.21%
	OMC	B	0.08%	0.08%	0.08%
	ON	D	0.12%	0.07%	0.07%
	ORLY	B	0.02%	0.19%	0.02%
	OTIS	B	0.15%	0.06%	0.06%
	OVV	F	0.04%	0.04%	0.04%
	OXY	F	0.14%	0.13%	0.13%
	PAG	D	0.01%	0.01%	0.01%
	PCAR	D	0.2%	0.2%	0.2%
	PCG	C	0.17%	0.1%	0.1%
	PEG	B	0.17%	0.17%	0.17%
	PEP	D	0.2%	0.91%	0.2%
	PFE	D	0.67%	0.64%	0.64%
	PFG	B	0.08%	0.08%	0.08%
	PG	C	1.28%	1.59%	1.28%
	PGR	C	0.1%	0.27%	0.1%
	PH	B	0.32%	0.17%	0.17%
	PHM	B	0.12%	0.07%	0.07%
	PKG	B	0.08%	0.07%	0.07%
	PLD	C	0.46%	0.33%	0.33%
	PM	C	0.75%	0.72%	0.72%
	PNC	C	0.3%	0.29%	0.29%
	PNR	B	0.06%	0.02%	0.02%
	PPG	C	0.12%	0.07%	0.07%
	PPL	A	0.1%	0.09%	0.09%
	PRU	C	0.17%	0.17%	0.17%
	PSA	C	0.19%	0.11%	0.11%
	PSX	F	0.22%	0.21%	0.21%
	PYPL	B	0.31%	0.3%	0.3%
	QCOM	D	0.05%	0.73%	0.05%
	QRVO	F	0.04%	0.02%	0.02%
	RCL	B	0.11%	0.05%	0.05%
	REG	C	0.05%	0.03%	0.03%
	REGN	D	0.44%	0.47%	0.44%
	RF	B	0.08%	0.08%	0.08%
	RGA	C	0.06%	0.06%	0.06%
	RJF	C	0.09%	0.04%	0.04%
	RNR	B	0.05%	0.05%	0.05%
	ROP	C	0.24%	0.13%	0.13%
	RPM	B	0.05%	0.02%	0.02%
	RPRX	C	0.04%	0.04%	0.04%
	RRX	C	0.05%	0.02%	0.02%
	RS	D	0.06%	0.06%	0.06%
	RSG	D	0.17%	0.11%	0.11%
	RTX	B	0.63%	0.6%	0.6%
	RVTY	B	0.06%	0.03%	0.03%
	SBUX	C	0.1%	0.27%	0.1%
	SCHW	D	0.35%	0.36%	0.35%
	SCI	C	0.05%	0.02%	0.02%
	SHW	B	0.03%	0.23%	0.03%
	SIRI	C	0.02%	0.02%	0.02%
	SJM	C	0.05%	0.05%	0.05%
	SLB	F	0.24%	0.2%	0.2%
	SNA	B	0.06%	0.04%	0.04%
	SNX	C	0.04%	0.02%	0.02%
	SO	B	0.39%	0.38%	0.38%
	SOLV	D	0.04%	0.04%	0.04%
	SPG	B	0.16%	0.2%	0.16%
	SPGI	C	0.66%	0.36%	0.36%
	SRE	B	0.21%	0.2%	0.2%
	SSNC	C	0.07%	0.06%	0.06%
	STLD	C	0.07%	0.07%	0.07%
	STT	B	0.11%	0.1%	0.1%
	STZ	C	0.16%	0.07%	0.07%
	SW	B	0.1%	0.09%	0.09%
	SWK	B	0.07%	0.03%	0.03%
	SWKS	F	0.06%	0.06%	0.06%
	SYF	C	0.08%	0.08%	0.08%
	SYK	C	0.37%	0.3%	0.3%
	T	B	0.62%	0.59%	0.59%
	TAP	D	0.04%	0.04%	0.04%
	TDY	B	0.08%	0.04%	0.04%
	TER	C	0.01%	0.04%	0.01%
	TFC	D	0.23%	0.22%	0.22%
	TFX	B	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.28%	0.28%
	THC	C	0.06%	0.06%	0.06%
	TJX	C	0.22%	0.37%	0.22%
	TMO	B	0.94%	0.77%	0.77%
	TMUS	B	0.39%	0.3%	0.3%
	TOL	A	0.06%	0.04%	0.04%
	TRMB	C	0.06%	0.02%	0.02%
	TROW	C	0.09%	0.09%	0.09%
	TRV	C	0.22%	0.12%	0.12%
	TSN	D	0.07%	0.03%	0.03%
	TT	B	0.23%	0.16%	0.16%
	TXN	B	0.65%	0.72%	0.65%
	TXT	D	0.07%	0.03%	0.03%
	UAL	B	0.07%	0.07%	0.07%
	UDR	C	0.06%	0.02%	0.02%
	UHAL	B	0.02%	0.02%	0.02%
	UHAL	B	0.02%	0.0%	0.0%
	UHAL	B	0.0%	0.0%	0.0%
	UHAL	B	0.0%	0.02%	0.0%
	UHS	C	0.05%	0.03%	0.03%
	ULTA	D	0.01%	0.04%	0.01%
	UNH	C	1.97%	1.76%	1.76%
	UNM	B	0.04%	0.04%	0.04%
	UNP	D	0.31%	0.58%	0.31%
	UPS	D	0.37%	0.36%	0.36%
	URI	B	0.16%	0.1%	0.1%
	USB	C	0.29%	0.28%	0.28%
	USFD	C	0.06%	0.03%	0.03%
	UTHR	B	0.06%	0.05%	0.05%
	VICI	C	0.14%	0.13%	0.13%
	VLO	F	0.17%	0.17%	0.17%
	VLTO	B	0.06%	0.04%	0.04%
	VRTX	D	0.24%	0.25%	0.24%
	VTR	C	0.1%	0.06%	0.06%
	VTRS	D	0.05%	0.05%	0.05%
	VZ	A	0.75%	0.72%	0.72%
	WAT	B	0.03%	0.03%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	D	0.08%	0.07%	0.07%
	WDC	C	0.09%	0.08%	0.08%
	WEC	B	0.12%	0.12%	0.12%
	WELL	C	0.3%	0.18%	0.18%
	WFC	D	0.79%	0.74%	0.74%
	WLK	C	0.02%	0.01%	0.01%
	WMB	C	0.22%	0.21%	0.21%
	WMT	B	1.37%	1.32%	1.32%
	WPC	C	0.05%	0.05%	0.05%
	WRB	D	0.07%	0.03%	0.03%
	WSM	C	0.03%	0.02%	0.02%
	WTRG	D	0.04%	0.03%	0.03%
	WTW	B	0.12%	0.06%	0.06%
	WY	C	0.1%	0.09%	0.09%
	XEL	B	0.14%	0.14%	0.14%
	XOM	D	2.07%	1.97%	1.97%
	ZBH	F	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.02%	0.02%
	ZM	C	0.07%	0.06%	0.06%
	ZTS	B	0.06%	0.19%	0.06%

IWD Overweight 457 Positions Relative to ILCV

	Symbol	Grade	Weight
	AMD	C	0.34%
	EQIX	B	0.31%
	TDG	B	0.24%
	MRVL	D	0.23%
	ROST	C	0.16%
	IR	B	0.16%
	AME	C	0.16%
	A	C	0.16%
	HWM	B	0.15%
	CRM	C	0.15%
	WAB	B	0.13%
	CSGP	D	0.13%
	MLM	D	0.13%
	EW	F	0.13%
	XYL	C	0.13%
	PWR	B	0.12%
	EFX	C	0.12%
	MTD	C	0.12%
	HLT	B	0.11%
	ROK	D	0.11%
	PAYX	C	0.11%
	ANSS	D	0.11%
	VMC	C	0.1%
	CHD	C	0.1%
	FSLR	C	0.1%
	TTWO	D	0.1%
	SBAC	C	0.1%
	RMD	C	0.1%
	SQ	D	0.09%
	CBOE	C	0.09%
	INVH	D	0.09%
	YUM	B	0.09%
	HUBB	B	0.09%
	STE	B	0.09%
	FCNCA	D	0.09%
	TRU	B	0.08%
	ILMN	D	0.08%
	WSO	C	0.07%
	SUI	C	0.07%
	CSL	B	0.07%
	MSCI	C	0.07%
	IBKR	B	0.06%
	GGG	C	0.06%
	SYY	C	0.06%
	VRSN	C	0.06%
	NDSN	C	0.06%
	CDW	D	0.06%
	HOOD	C	0.06%
	IEX	C	0.06%
	EWBC	C	0.05%
	FDS	C	0.05%
	COHR	C	0.05%
	FTI	D	0.05%
	NVT	C	0.05%
	ITT	B	0.05%
	CHRW	B	0.05%
	CUBE	C	0.05%
	TECH	C	0.05%
	CVNA	B	0.05%
	EME	B	0.05%
	EL	D	0.05%
	CW	B	0.05%
	JKHY	B	0.05%
	CLH	C	0.05%
	HES	F	0.05%
	BMRN	F	0.05%
	AMH	D	0.05%
	BRO	C	0.05%
	FHN	D	0.04%
	LAMR	B	0.04%
	NYT	B	0.04%
	WST	D	0.04%
	CZR	C	0.04%
	TWLO	C	0.04%
	TTC	F	0.04%
	INGR	B	0.04%
	GPK	C	0.04%
	ORI	B	0.04%
	PRI	B	0.04%
	FTNT	B	0.04%
	EGP	C	0.04%
	HSIC	C	0.04%
	EVR	B	0.04%
	EHC	B	0.04%
	SF	B	0.04%
	MTCH	C	0.04%
	FRT	C	0.04%
	GL	D	0.04%
	DPZ	D	0.04%
	WAL	B	0.04%
	RGLD	C	0.04%
	MKTX	D	0.04%
	RIVN	F	0.04%
	TTEK	C	0.04%
	TPR	A	0.04%
	DOX	C	0.04%
	ARMK	B	0.04%
	OHI	C	0.04%
	WWD	C	0.04%
	PFGC	B	0.04%
	AIZ	B	0.04%
	FWONK	C	0.04%
	PNW	C	0.04%
	ATR	B	0.04%
	AFRM	D	0.04%
	NLY	B	0.04%
	Z	C	0.04%
	NTNX	D	0.04%
	FBIN	B	0.04%
	CACI	B	0.04%
	CTLT	B	0.04%
	REXR	C	0.04%
	R	C	0.03%
	FLS	C	0.03%
	AZPN	B	0.03%
	LFUS	C	0.03%
	FAST	C	0.03%
	BIO	C	0.03%
	LSTR	D	0.03%
	LW	D	0.03%
	FAF	B	0.03%
	CGNX	F	0.03%
	VFC	B	0.03%
	BPOP	C	0.03%
	MTG	B	0.03%
	OSK	F	0.03%
	STWD	B	0.03%
	MAT	D	0.03%
	BBWI	D	0.03%
	PB	D	0.03%
	CRUS	D	0.03%
	NOV	F	0.03%
	WMS	D	0.03%
	SNV	D	0.03%
	AAL	D	0.03%
	MSA	D	0.03%
	OKTA	F	0.03%
	CROX	C	0.03%
	G	C	0.03%
	VNO	B	0.03%
	BFAM	C	0.03%
	HR	B	0.03%
	RGEN	F	0.03%
	RHI	D	0.03%
	CFR	C	0.03%
	JAZZ	D	0.03%
	GNTX	D	0.03%
	SEIC	B	0.03%
	SAIC	C	0.03%
	ZION	D	0.03%
	ACHC	D	0.03%
	MKSI	F	0.03%
	ELAN	D	0.03%
	WTFC	C	0.03%
	STAG	D	0.03%
	ARW	B	0.03%
	SOFI	D	0.03%
	FICO	B	0.03%
	PR	F	0.03%
	CART	C	0.03%
	RRC	D	0.03%
	SSD	C	0.03%
	HRB	C	0.03%
	WCC	C	0.03%
	KEX	C	0.03%
	FR	C	0.03%
	MNST	D	0.03%
	SWN	C	0.03%
	ONTO	C	0.03%
	ADC	C	0.03%
	LECO	D	0.03%
	CR	B	0.03%
	BWXT	A	0.03%
	RL	B	0.03%
	CBSH	D	0.03%
	MIDD	C	0.03%
	WYNN	C	0.03%
	DTM	C	0.03%
	HLI	C	0.03%
	COKE	C	0.03%
	BWA	C	0.03%
	PNFP	C	0.03%
	EXAS	D	0.03%
	CHE	C	0.03%
	SKX	C	0.03%
	AGNC	B	0.03%
	GWRE	B	0.03%
	BERY	B	0.03%
	JEF	C	0.03%
	KBR	D	0.03%
	FMC	B	0.03%
	WEX	C	0.03%
	VOYA	B	0.03%
	ATI	C	0.03%
	BRBR	B	0.03%
	MTZ	C	0.03%
	GMED	D	0.03%
	AXTA	B	0.03%
	DAY	D	0.03%
	FND	C	0.03%
	FCN	C	0.03%
	ALSN	B	0.03%
	APG	F	0.03%
	LAD	B	0.03%
	COLD	D	0.03%
	CMA	C	0.03%
	ROKU	D	0.03%
	GME	D	0.03%
	OGE	B	0.03%
	KNX	C	0.03%
	PTC	C	0.03%
	WBS	C	0.03%
	TKO	A	0.03%
	BRX	C	0.03%
	MHK	B	0.03%
	AYI	B	0.03%
	TW	B	0.03%
	RBC	B	0.03%
	CHRD	F	0.03%
	CIEN	B	0.03%
	AA	C	0.03%
	JLL	B	0.03%
	NNN	B	0.03%
	FYBR	C	0.03%
	X	F	0.03%
	DCI	C	0.03%
	AWI	B	0.02%
	MSM	D	0.02%
	DXC	D	0.02%
	ALNY	C	0.02%
	CIVI	F	0.02%
	GFS	F	0.02%
	IAC	C	0.02%
	GAP	F	0.02%
	LITE	B	0.02%
	RH	C	0.02%
	BILL	D	0.02%
	M	F	0.02%
	SITE	D	0.02%
	GNRC	D	0.02%
	DBX	C	0.02%
	DLB	D	0.02%
	CPRI	D	0.02%
	ASH	F	0.02%
	FLO	C	0.02%
	BYD	C	0.02%
	WTM	F	0.02%
	AGO	D	0.02%
	EEFT	F	0.02%
	CUZ	C	0.02%
	AN	C	0.02%
	FRPT	C	0.02%
	SLGN	B	0.02%
	OZK	F	0.02%
	PSN	B	0.02%
	PII	D	0.02%
	AZO	B	0.02%
	DOCS	B	0.02%
	HOG	C	0.02%
	KRC	C	0.02%
	RYN	C	0.02%
	AVT	B	0.02%
	AL	C	0.02%
	SAIA	D	0.02%
	SLM	C	0.02%
	OLED	D	0.02%
	W	C	0.02%
	CCCS	D	0.02%
	LINE	F	0.02%
	OGN	D	0.02%
	ALK	B	0.02%
	LBRDK	C	0.02%
	UGI	B	0.02%
	JHG	B	0.02%
	HXL	F	0.02%
	ROIV	D	0.02%
	VNT	F	0.02%
	IDA	B	0.02%
	WSC	D	0.02%
	FNB	D	0.02%
	THO	C	0.02%
	OLN	D	0.02%
	ST	D	0.02%
	LNC	C	0.02%
	THG	C	0.02%
	WHR	C	0.02%
	KD	F	0.02%
	XRAY	D	0.02%
	SON	D	0.02%
	COIN	F	0.02%
	NFG	B	0.02%
	COLB	B	0.02%
	MDU	B	0.02%
	TKR	C	0.02%
	PVH	D	0.02%
	VMI	C	0.02%
	SN	B	0.02%
	S	D	0.02%
	POST	B	0.02%
	OMF	D	0.02%
	MTDR	F	0.02%
	SRCL	B	0.02%
	BC	C	0.02%
	WH	B	0.02%
	ESI	C	0.02%
	MTSI	C	0.02%
	H	B	0.02%
	AMG	C	0.02%
	DAR	F	0.02%
	RITM	D	0.02%
	GWW	B	0.02%
	AGCO	D	0.02%
	ESAB	C	0.02%
	OLLI	C	0.02%
	RLI	B	0.02%
	GXO	D	0.02%
	LEA	D	0.02%
	PARA	D	0.02%
	DASH	B	0.02%
	AXS	B	0.02%
	IVZ	B	0.02%
	EXEL	C	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	LYFT	D	0.01%
	TRIP	F	0.01%
	WEN	C	0.01%
	PPC	D	0.01%
	UAA	C	0.01%
	INFA	D	0.01%
	UA	C	0.01%
	GO	F	0.01%
	MP	C	0.01%
	BIRK	F	0.01%
	LEG	D	0.01%
	FTRE	F	0.01%
	SAM	D	0.01%
	GLOB	D	0.01%
	REYN	C	0.01%
	AZEK	C	0.01%
	IPGP	D	0.01%
	PSTG	F	0.01%
	LPX	B	0.01%
	KSS	D	0.01%
	PINC	D	0.01%
	VSTS	D	0.01%
	ADT	D	0.01%
	HAYW	C	0.01%
	BR	C	0.01%
	QS	F	0.01%
	LLYVK	B	0.01%
	ETSY	D	0.01%
	JWN	C	0.01%
	BROS	D	0.01%
	YETI	D	0.01%
	EXP	B	0.01%
	HHH	C	0.01%
	BOKF	C	0.01%
	CRI	D	0.01%
	RCM	C	0.01%
	CWEN	A	0.01%
	AAP	F	0.01%
	WU	C	0.01%
	MASI	C	0.01%
	SHC	C	0.01%
	VIRT	C	0.01%
	ENOV	F	0.01%
	CC	D	0.01%
	VAC	D	0.01%
	QDEL	D	0.01%
	AZTA	F	0.01%
	RKT	C	0.01%
	BRKR	D	0.01%
	SEE	C	0.01%
	COLM	C	0.01%
	BHF	F	0.01%
	SPB	B	0.01%
	ALGM	D	0.01%
	LOPE	D	0.01%
	CLVT	D	0.01%
	CNM	F	0.01%
	CXT	F	0.01%
	FHB	D	0.01%
	TNL	C	0.01%
	CNXC	F	0.01%
	CPRT	D	0.01%
	ZG	C	0.01%
	LCID	C	0.01%
	AM	B	0.01%
	AMED	D	0.01%
	SMG	B	0.01%
	NWL	C	0.01%
	NXST	D	0.01%
	IRDM	C	0.01%
	PAYC	D	0.01%
	ZI	D	0.01%
	PK	D	0.01%
	PENN	D	0.01%
	VNOM	D	0.01%
	PLNT	C	0.01%
	SPR	D	0.01%
	NVST	D	0.01%
	MPW	C	0.01%
	LBTYA	B	0.01%
	U	D	0.01%
	DNB	D	0.01%
	HIW	C	0.01%
	NSA	C	0.01%
	AMKR	F	0.01%
	MAN	C	0.01%
	MSGS	B	0.01%
	CTAS	C	0.01%
	GTES	C	0.01%
	LBTYK	B	0.01%
	EPR	C	0.01%
	KMPR	D	0.01%
	TYL	C	0.01%
	PRGO	F	0.01%
	HUN	C	0.01%
	NEU	D	0.01%
	CLF	F	0.01%
	TPG	C	0.01%
	SEG	F	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	DJT	F	0.0%
	NFE	F	0.0%
	LAZ	B	0.0%
	GRAL	F	0.0%
	IONS	F	0.0%
	UI	B	0.0%
	PLTK	C	0.0%
	CHH	B	0.0%
	CACC	F	0.0%
	TFSL	D	0.0%
	TXG	D	0.0%
	PATH	D	0.0%
	LBRDA	C	0.0%
	AS	C	0.0%
	SEB	D	0.0%
	LLYVA	B	0.0%
	CAR	D	0.0%
	PYCR	D	0.0%
	NCNO	F	0.0%
	LSCC	D	0.0%
	WOLF	F	0.0%
	CWEN	A	0.0%
	HCP	A	0.0%
	FIVE	D	0.0%
	ALAB	C	0.0%
	CNA	D	0.0%
	FWONA	C	0.0%
	DV	F	0.0%
	MTN	D	0.0%
	DDS	D	0.0%
	HAS	B	0.0%

IWD Underweight 34 Positions Relative to ILCV

	Symbol	Grade	Weight
	AAPL	C	-6.3%
	META	B	-2.05%
	GOOGL	D	-1.79%
	GOOG	D	-1.6%
	AVGO	C	-1.33%
	COST	C	-0.83%
	ORCL	B	-0.74%
	MRK	F	-0.73%
	AMT	C	-0.42%
	LRCX	D	-0.24%
	KLAC	D	-0.24%
	NXPI	D	-0.23%
	BX	C	-0.23%
	WM	D	-0.2%
	MCO	C	-0.13%
	TRGP	C	-0.08%
	STX	B	-0.08%
	TEL	D	-0.08%
	COR	F	-0.07%
	EQH	C	-0.05%
	VST	B	-0.05%
	FLEX	B	-0.04%
	CPNG	B	-0.04%
	POOL	C	-0.03%
	CLX	C	-0.03%
	PINS	D	-0.03%
	DKNG	C	-0.03%
	TSCO	B	-0.03%
	EXPE	C	-0.03%
	DVA	B	-0.02%
	XPO	D	-0.02%
	BAH	B	-0.02%
	CPAY	B	-0.02%
	ENTG	D	-0.02%

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 Medicine Beverage Biotechnology Dow Jones Component

ILCV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Oil & Gas E&P Asset Management Semiconductors Specialty Chemicals Banks - Regional - US Insurance - Property & Casualty Specialty Retail Business Services Diagnostics & Research Drug Manufacturers - Major Packaged Foods Aerospace & Defense Health Care Plans REIT - Residential Utilities - Diversified Biotechnology Capital Markets Household & Personal Products

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