IWD vs. PTL ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	IWD	PTL
30 Days	3.53%	5.09%
60 Days	4.90%	5.71%
90 Days	6.95%	7.67%
12 Months	29.54%

374 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in PTL	Overlap
AA	B	0.04%	0.07%	0.04%
ACHC	F	0.01%	0.03%	0.01%
ACI	C	0.03%	0.08%	0.03%
ADC	B	0.03%	0.05%	0.03%
ADM	D	0.1%	0.18%	0.1%
ADP	B	0.03%	0.88%	0.03%
AEE	A	0.09%	0.16%	0.09%
AFG	A	0.04%	0.08%	0.04%
AFL	B	0.24%	0.42%	0.24%
AFRM	B	0.05%	0.15%	0.05%
AGCO	D	0.02%	0.05%	0.02%
AGNC	D	0.03%	0.05%	0.03%
AGR	B	0.01%	0.1%	0.01%
AIG	B	0.19%	0.34%	0.19%
ALB	C	0.05%	0.08%	0.05%
ALGN	D	0.03%	0.12%	0.03%
ALSN	B	0.04%	0.07%	0.04%
AM	A	0.01%	0.05%	0.01%
AME	A	0.17%	0.31%	0.17%
AMH	D	0.05%	0.1%	0.05%
AMKR	D	0.01%	0.05%	0.01%
AN	C	0.02%	0.04%	0.02%
ANSS	B	0.11%	0.21%	0.11%
AOS	F	0.03%	0.07%	0.03%
APA	D	0.03%	0.06%	0.03%
APG	B	0.03%	0.08%	0.03%
APH	A	0.14%	0.6%	0.14%
AR	B	0.03%	0.06%	0.03%
ARE	D	0.07%	0.14%	0.07%
ARW	D	0.02%	0.04%	0.02%
ATI	D	0.03%	0.05%	0.03%
ATO	A	0.08%	0.15%	0.08%
ATR	B	0.04%	0.08%	0.04%
AWK	D	0.1%	0.18%	0.1%
AXTA	A	0.03%	0.06%	0.03%
AYI	B	0.04%	0.07%	0.04%
AZO	C	0.02%	0.36%	0.02%
BAX	D	0.06%	0.12%	0.06%
BERY	B	0.03%	0.05%	0.03%
BFAM	D	0.02%	0.04%	0.02%
BG	F	0.05%	0.09%	0.05%
BIO	D	0.02%	0.07%	0.02%
BJ	A	0.04%	0.08%	0.04%
BKR	B	0.17%	0.3%	0.17%
BLD	D	0.04%	0.08%	0.04%
BLDR	D	0.07%	0.15%	0.07%
BOKF	B	0.01%	0.05%	0.01%
BRBR	A	0.04%	0.06%	0.04%
BRKR	D	0.01%	0.06%	0.01%
BRO	B	0.06%	0.22%	0.06%
BRX	A	0.03%	0.06%	0.03%
BWA	D	0.03%	0.05%	0.03%
BWXT	B	0.04%	0.07%	0.04%
BXP	D	0.05%	0.09%	0.05%
CACI	D	0.04%	0.08%	0.04%
CAG	D	0.05%	0.09%	0.05%
CASY	A	0.05%	0.1%	0.05%
CAT	B	0.63%	1.24%	0.63%
CBOE	B	0.08%	0.15%	0.08%
CCI	D	0.18%	0.3%	0.18%
CCK	C	0.04%	0.08%	0.04%
CDW	F	0.05%	0.18%	0.05%
CEG	D	0.23%	0.4%	0.23%
CF	B	0.06%	0.1%	0.06%
CFR	B	0.03%	0.06%	0.03%
CGNX	C	0.03%	0.05%	0.03%
CHE	D	0.03%	0.06%	0.03%
CHRD	D	0.03%	0.06%	0.03%
CHRW	C	0.05%	0.08%	0.05%
CIEN	B	0.04%	0.07%	0.04%
CINF	A	0.09%	0.16%	0.09%
CLH	B	0.05%	0.1%	0.05%
CMS	C	0.08%	0.14%	0.08%
CNM	D	0.01%	0.06%	0.01%
CNP	B	0.08%	0.13%	0.08%
COHR	B	0.05%	0.11%	0.05%
COIN	C	0.04%	0.54%	0.04%
COKE	C	0.03%	0.07%	0.03%
COLD	D	0.02%	0.05%	0.02%
CPB	D	0.03%	0.1%	0.03%
CPRT	A	0.01%	0.38%	0.01%
CPT	B	0.05%	0.09%	0.05%
CR	A	0.03%	0.07%	0.03%
CSGP	D	0.11%	0.23%	0.11%
CSL	C	0.07%	0.14%	0.07%
CSX	B	0.27%	0.49%	0.27%
CTAS	B	0.01%	0.62%	0.01%
CTRA	B	0.07%	0.13%	0.07%
CUBE	D	0.04%	0.07%	0.04%
CVNA	B	0.07%	0.33%	0.07%
CW	B	0.05%	0.1%	0.05%
DAL	C	0.16%	0.27%	0.16%
DCI	B	0.04%	0.06%	0.04%
DG	F	0.06%	0.12%	0.06%
DHI	D	0.19%	0.38%	0.19%
DINO	D	0.03%	0.06%	0.03%
DLB	B	0.02%	0.05%	0.02%
DLR	B	0.23%	0.41%	0.23%
DLTR	F	0.05%	0.1%	0.05%
DOC	D	0.06%	0.1%	0.06%
DOV	A	0.11%	0.19%	0.11%
DOX	D	0.04%	0.07%	0.04%
DTE	C	0.1%	0.17%	0.1%
DTM	B	0.04%	0.07%	0.04%
DVN	F	0.09%	0.17%	0.09%
ED	D	0.13%	0.23%	0.13%
EFX	F	0.09%	0.24%	0.09%
EGP	F	0.03%	0.06%	0.03%
EHC	B	0.04%	0.07%	0.04%
ELAN	D	0.03%	0.05%	0.03%
ELS	C	0.05%	0.1%	0.05%
ELV	F	0.3%	0.69%	0.3%
EME	C	0.05%	0.16%	0.05%
EMR	A	0.28%	0.49%	0.28%
EOG	A	0.3%	0.54%	0.3%
EPAM	C	0.05%	0.1%	0.05%
EQR	B	0.11%	0.2%	0.11%
ES	D	0.08%	0.15%	0.08%
ESS	B	0.07%	0.14%	0.07%
ETR	B	0.12%	0.21%	0.12%
EVR	B	0.04%	0.08%	0.04%
EVRG	A	0.06%	0.1%	0.06%
EW	C	0.13%	0.28%	0.13%
EWBC	A	0.06%	0.1%	0.06%
EXC	C	0.15%	0.25%	0.15%
EXEL	B	0.01%	0.07%	0.01%
EXP	A	0.01%	0.07%	0.01%
EXPD	D	0.06%	0.11%	0.06%
EXR	D	0.13%	0.24%	0.13%
FANG	D	0.13%	0.39%	0.13%
FAST	B	0.03%	0.33%	0.03%
FBIN	D	0.04%	0.06%	0.04%
FCN	D	0.03%	0.05%	0.03%
FCNCA	A	0.1%	0.23%	0.1%
FCX	D	0.24%	0.4%	0.24%
FDX	B	0.26%	0.54%	0.26%
FE	C	0.09%	0.16%	0.09%
FFIV	B	0.05%	0.1%	0.05%
FHN	A	0.04%	0.08%	0.04%
FICO	B	0.03%	0.4%	0.03%
FND	C	0.03%	0.07%	0.03%
FR	C	0.03%	0.05%	0.03%
FRPT	B	0.02%	0.05%	0.02%
FRT	B	0.04%	0.07%	0.04%
FSLR	F	0.08%	0.13%	0.08%
FTNT	C	0.04%	0.51%	0.04%
FYBR	D	0.03%	0.06%	0.03%
G	B	0.03%	0.06%	0.03%
GAP	C	0.02%	0.05%	0.02%
GEHC	F	0.13%	0.26%	0.13%
GEN	B	0.06%	0.13%	0.06%
GEV	B	0.35%	0.58%	0.35%
GFS	C	0.02%	0.16%	0.02%
GGG	B	0.06%	0.1%	0.06%
GL	B	0.04%	0.07%	0.04%
GME	C	0.04%	0.07%	0.04%
GMED	A	0.04%	0.08%	0.04%
GNRC	B	0.02%	0.07%	0.02%
GNTX	C	0.03%	0.05%	0.03%
GPC	D	0.07%	0.12%	0.07%
GPK	C	0.03%	0.06%	0.03%
GWRE	A	0.03%	0.11%	0.03%
HAL	C	0.1%	0.19%	0.1%
HCP	B	0.0%	0.05%	0.0%
HD	A	0.32%	2.68%	0.32%
HLI	B	0.03%	0.09%	0.03%
HOLX	D	0.07%	0.13%	0.07%
HST	C	0.05%	0.09%	0.05%
HUBB	B	0.09%	0.16%	0.09%
IBKR	A	0.07%	0.51%	0.07%
ICE	C	0.34%	0.62%	0.34%
IEX	B	0.07%	0.12%	0.07%
IFF	D	0.09%	0.16%	0.09%
INCY	C	0.04%	0.11%	0.04%
INFA	D	0.01%	0.05%	0.01%
INVH	D	0.08%	0.15%	0.08%
IP	B	0.08%	0.14%	0.08%
IQV	D	0.12%	0.28%	0.12%
IR	B	0.16%	0.29%	0.16%
ITT	A	0.05%	0.08%	0.05%
J	F	0.07%	0.12%	0.07%
JAZZ	B	0.03%	0.05%	0.03%
JBHT	C	0.06%	0.14%	0.06%
JBL	B	0.05%	0.1%	0.05%
JEF	A	0.04%	0.11%	0.04%
JKHY	D	0.05%	0.09%	0.05%
JNPR	F	0.05%	0.09%	0.05%
KBR	F	0.03%	0.06%	0.03%
KEX	C	0.03%	0.05%	0.03%
KEYS	A	0.1%	0.19%	0.1%
KMI	A	0.21%	0.41%	0.21%
KMX	B	0.04%	0.08%	0.04%
KNX	B	0.03%	0.06%	0.03%
KVUE	A	0.18%	0.31%	0.18%
L	A	0.06%	0.13%	0.06%
LAD	A	0.04%	0.06%	0.04%
LAMR	D	0.03%	0.09%	0.03%
LBRDA	C	0.0%	0.08%	0.0%
LCID	F	0.01%	0.04%	0.01%
LECO	B	0.03%	0.08%	0.03%
LEN	D	0.01%	0.32%	0.01%
LEN	D	0.16%	0.32%	0.16%
LH	C	0.08%	0.14%	0.08%
LIN	D	0.84%	1.5%	0.84%
LNG	B	0.09%	0.34%	0.09%
LOW	D	0.6%	1.03%	0.6%
LPX	B	0.01%	0.05%	0.01%
LSCC	D	0.0%	0.05%	0.0%
LSTR	D	0.03%	0.05%	0.03%
LW	C	0.03%	0.08%	0.03%
LYB	F	0.08%	0.19%	0.08%
MAA	B	0.07%	0.13%	0.07%
MAS	D	0.07%	0.12%	0.07%
MCHP	D	0.13%	0.25%	0.13%
MHK	D	0.03%	0.06%	0.03%
MIDD	C	0.03%	0.05%	0.03%
MKC	D	0.07%	0.14%	0.07%
MKL	A	0.07%	0.15%	0.07%
MKSI	C	0.03%	0.06%	0.03%
MKTX	D	0.04%	0.07%	0.04%
MLM	B	0.13%	0.26%	0.13%
MNST	C	0.03%	0.38%	0.03%
MOH	F	0.02%	0.13%	0.02%
MRO	B	0.06%	0.12%	0.06%
MRVL	B	0.27%	0.58%	0.27%
MSA	D	0.02%	0.05%	0.02%
MSCI	C	0.07%	0.32%	0.07%
MSTR	C	0.19%	0.43%	0.19%
MTD	D	0.1%	0.18%	0.1%
MTN	C	0.0%	0.05%	0.0%
MTSI	B	0.03%	0.06%	0.03%
MTZ	B	0.03%	0.08%	0.03%
NDSN	B	0.06%	0.1%	0.06%
NEE	D	0.61%	1.03%	0.61%
NEM	D	0.18%	0.33%	0.18%
NI	A	0.06%	0.11%	0.06%
NNN	D	0.03%	0.05%	0.03%
NRG	B	0.04%	0.12%	0.04%
NSC	B	0.23%	0.43%	0.23%
NTAP	C	0.05%	0.17%	0.05%
NTNX	A	0.05%	0.13%	0.05%
NUE	C	0.14%	0.25%	0.14%
NVR	D	0.1%	0.19%	0.1%
NWSA	B	0.04%	0.12%	0.04%
OC	A	0.07%	0.12%	0.07%
OGE	B	0.03%	0.06%	0.03%
OHI	C	0.04%	0.07%	0.04%
OKE	A	0.25%	0.45%	0.25%
OKTA	C	0.03%	0.09%	0.03%
OLED	D	0.01%	0.06%	0.01%
ON	D	0.11%	0.21%	0.11%
ONTO	D	0.02%	0.06%	0.02%
ORI	A	0.04%	0.07%	0.04%
ORLY	B	0.02%	0.49%	0.02%
OTIS	C	0.16%	0.25%	0.16%
OVV	B	0.04%	0.08%	0.04%
OXY	D	0.13%	0.33%	0.13%
PAG	B	0.01%	0.07%	0.01%
PATH	C	0.0%	0.05%	0.0%
PAYC	B	0.02%	0.09%	0.02%
PAYX	C	0.11%	0.37%	0.11%
PB	A	0.03%	0.06%	0.03%
PCAR	B	0.22%	0.43%	0.22%
PCG	A	0.17%	0.31%	0.17%
PEG	A	0.17%	0.28%	0.17%
PFGC	B	0.04%	0.09%	0.04%
PGR	A	0.09%	1.07%	0.09%
PH	A	0.35%	0.62%	0.35%
PHM	D	0.1%	0.19%	0.1%
PKG	A	0.08%	0.15%	0.08%
PLD	D	0.41%	0.74%	0.41%
PLNT	A	0.01%	0.06%	0.01%
PNFP	B	0.04%	0.07%	0.04%
PNW	B	0.04%	0.07%	0.04%
POST	C	0.02%	0.04%	0.02%
PPC	C	0.01%	0.08%	0.01%
PR	B	0.03%	0.09%	0.03%
PRI	A	0.04%	0.07%	0.04%
PSA	D	0.18%	0.4%	0.18%
PWR	A	0.13%	0.32%	0.13%
QCOM	F	0.04%	1.3%	0.04%
QRVO	F	0.02%	0.04%	0.02%
RBC	A	0.03%	0.06%	0.03%
REG	B	0.05%	0.1%	0.05%
REGN	F	0.28%	0.69%	0.28%
REXR	F	0.04%	0.07%	0.04%
RF	A	0.09%	0.17%	0.09%
RGA	A	0.06%	0.11%	0.06%
RGEN	D	0.02%	0.06%	0.02%
RGLD	C	0.04%	0.06%	0.04%
RHI	B	0.03%	0.05%	0.03%
RKT	F	0.01%	0.22%	0.01%
RLI	B	0.03%	0.05%	0.03%
RMD	C	0.1%	0.25%	0.1%
ROIV	C	0.02%	0.06%	0.02%
ROP	B	0.23%	0.42%	0.23%
RPM	A	0.05%	0.12%	0.05%
RPRX	D	0.04%	0.11%	0.04%
RRC	B	0.03%	0.06%	0.03%
RRX	B	0.04%	0.08%	0.04%
RS	B	0.07%	0.12%	0.07%
RSG	A	0.17%	0.46%	0.17%
RVTY	F	0.05%	0.1%	0.05%
S	B	0.02%	0.06%	0.02%
SAIA	B	0.02%	0.11%	0.02%
SAIC	F	0.02%	0.05%	0.02%
SBAC	D	0.09%	0.16%	0.09%
SCI	B	0.05%	0.09%	0.05%
SEIC	B	0.03%	0.07%	0.03%
SF	B	0.04%	0.08%	0.04%
SHW	A	0.03%	0.67%	0.03%
SITE	D	0.02%	0.05%	0.02%
SLB	C	0.24%	0.45%	0.24%
SN	D	0.02%	0.1%	0.02%
SNA	A	0.07%	0.13%	0.07%
SOLV	C	0.04%	0.09%	0.04%
SPG	B	0.17%	0.4%	0.17%
SSD	D	0.03%	0.05%	0.03%
SSNC	B	0.06%	0.13%	0.06%
STAG	F	0.03%	0.05%	0.03%
STE	F	0.08%	0.15%	0.08%
STLD	B	0.08%	0.15%	0.08%
STWD	C	0.02%	0.05%	0.02%
SUI	D	0.06%	0.11%	0.06%
SWKS	F	0.05%	0.1%	0.05%
SYY	B	0.06%	0.25%	0.06%
TER	D	0.01%	0.12%	0.01%
THC	D	0.06%	0.11%	0.06%
TKO	B	0.03%	0.14%	0.03%
TOL	B	0.06%	0.11%	0.06%
TRMB	B	0.07%	0.12%	0.07%
TSN	B	0.07%	0.16%	0.07%
TTC	D	0.03%	0.06%	0.03%
TTEK	F	0.03%	0.09%	0.03%
TTWO	A	0.12%	0.23%	0.12%
TW	A	0.04%	0.19%	0.04%
TYL	B	0.01%	0.18%	0.01%
U	C	0.01%	0.05%	0.01%
UDR	B	0.06%	0.1%	0.06%
UHAL	D	0.01%	0.09%	0.01%
UHAL	D	0.0%	0.09%	0.0%
UHS	D	0.05%	0.1%	0.05%
UI	A	0.0%	0.14%	0.0%
UPS	C	0.38%	0.75%	0.38%
URI	B	0.16%	0.39%	0.16%
USFD	A	0.06%	0.11%	0.06%
UTHR	C	0.06%	0.12%	0.06%
UWMC	D	0.0%	0.07%	0.0%
VLO	C	0.17%	0.31%	0.17%
VLTO	D	0.05%	0.17%	0.05%
VMC	B	0.11%	0.26%	0.11%
VNO	B	0.03%	0.06%	0.03%
VTR	C	0.1%	0.18%	0.1%
WAL	B	0.04%	0.07%	0.04%
WBS	A	0.04%	0.07%	0.04%
WCC	B	0.03%	0.07%	0.03%
WDC	D	0.08%	0.15%	0.08%
WEC	A	0.12%	0.21%	0.12%
WELL	A	0.32%	0.57%	0.32%
WEX	D	0.03%	0.05%	0.03%
WLK	D	0.02%	0.11%	0.02%
WMS	D	0.02%	0.07%	0.02%
WPC	D	0.05%	0.09%	0.05%
WRB	A	0.07%	0.16%	0.07%
WSC	D	0.02%	0.05%	0.02%
WSM	B	0.03%	0.11%	0.03%
WSO	A	0.07%	0.15%	0.07%
WST	C	0.04%	0.17%	0.04%
WTFC	A	0.03%	0.06%	0.03%
WTRG	B	0.04%	0.07%	0.04%
WY	D	0.09%	0.15%	0.09%
XOM	B	2.08%	3.7%	2.08%
YUM	B	0.09%	0.25%	0.09%
ZION	B	0.03%	0.06%	0.03%

IWD Overweight 491 Positions Relative to PTL

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
UNH	C	1.98%
JNJ	D	1.45%
WMT	A	1.42%
BAC	A	1.23%
PG	A	1.21%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	C	0.86%
DIS	B	0.82%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
IBM	C	0.73%
VZ	C	0.68%
ABBV	D	0.65%
CMCSA	B	0.64%
TXN	C	0.63%
T	A	0.63%
SPGI	C	0.61%
RTX	C	0.61%
BLK	C	0.6%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
PFE	D	0.55%
GS	A	0.53%
COP	C	0.51%
C	A	0.51%
BSX	B	0.5%
HON	B	0.49%
CB	C	0.45%
MDT	D	0.44%
TMUS	B	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
INTC	D	0.4%
SYK	C	0.39%
DE	A	0.39%
AXP	A	0.39%
MMC	B	0.37%
MO	A	0.37%
SO	D	0.37%
MDLZ	F	0.34%
DUK	C	0.34%
PYPL	B	0.34%
CME	A	0.32%
CI	F	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
LMT	D	0.3%
USB	A	0.3%
AMD	F	0.29%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
NOC	D	0.27%
WMB	A	0.27%
COF	B	0.27%
APD	A	0.27%
TGT	F	0.27%
CVS	D	0.26%
CRH	A	0.26%
GM	B	0.25%
MAR	B	0.25%
BDX	F	0.25%
TT	A	0.24%
TFC	A	0.24%
CARR	D	0.24%
MMM	D	0.23%
SRE	A	0.23%
AJG	B	0.23%
TRV	B	0.23%
VRTX	F	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	C	0.22%
BK	A	0.22%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
O	D	0.19%
FIS	C	0.19%
CMI	A	0.19%
PRU	A	0.18%
PEP	F	0.18%
CRM	B	0.18%
LHX	C	0.18%
HWM	A	0.17%
EA	A	0.17%
F	C	0.17%
ALL	A	0.17%
DFS	B	0.17%
MCK	B	0.17%
CBRE	B	0.16%
MSI	B	0.16%
A	D	0.15%
FERG	B	0.15%
STZ	D	0.15%
CTSH	B	0.15%
KR	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
NKE	D	0.14%
GIS	D	0.14%
KDP	D	0.14%
MTB	A	0.14%
ROST	C	0.14%
GLW	B	0.14%
RCL	A	0.14%
CHTR	C	0.14%
ACGL	D	0.14%
GRMN	B	0.13%
NDAQ	A	0.13%
AVB	B	0.13%
VICI	C	0.13%
HUM	C	0.13%
AMGN	D	0.13%
WAB	B	0.13%
CL	D	0.13%
DD	D	0.13%
HIG	B	0.13%
GPN	B	0.12%
HLT	A	0.12%
ROK	B	0.12%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
RJF	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
EIX	B	0.12%
WTW	B	0.12%
FITB	A	0.12%
SQ	B	0.11%
HPQ	B	0.11%
HPE	B	0.11%
KHC	F	0.11%
PPG	F	0.11%
STT	A	0.11%
XYL	D	0.11%
PPL	B	0.1%
SBUX	A	0.1%
HBAN	A	0.1%
SYF	B	0.1%
TROW	B	0.1%
FTV	C	0.1%
KMB	D	0.1%
CHD	B	0.1%
SW	A	0.1%
WBD	C	0.09%
ZBH	C	0.09%
BIIB	F	0.09%
EQT	B	0.09%
CCL	B	0.09%
COO	D	0.08%
LUV	C	0.08%
PFG	D	0.08%
BBY	D	0.08%
CFG	B	0.08%
K	A	0.08%
ZM	B	0.08%
HSY	F	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
EXE	B	0.08%
APO	B	0.08%
LDOS	C	0.08%
TDY	B	0.08%
PNR	A	0.07%
TRU	D	0.07%
KEY	B	0.07%
DGX	A	0.07%
OMC	C	0.07%
BALL	D	0.07%
VRSN	F	0.06%
HES	B	0.06%
APTV	D	0.06%
IRM	D	0.06%
ACM	A	0.06%
AMCR	D	0.06%
VTRS	A	0.06%
ZBRA	B	0.06%
LNT	A	0.06%
FNF	B	0.06%
TXT	D	0.06%
KIM	A	0.06%
Z	A	0.05%
SOFI	A	0.05%
CAH	B	0.05%
FDS	B	0.05%
EMN	D	0.05%
MRNA	F	0.05%
BMRN	D	0.05%
NVT	B	0.05%
FTI	A	0.05%
ALLE	D	0.05%
GLPI	C	0.05%
UNM	A	0.05%
TPR	B	0.05%
SWK	D	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
RNR	C	0.05%
EG	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TFX	F	0.04%
CMA	A	0.04%
INGR	B	0.04%
DRI	B	0.04%
EL	F	0.04%
CNH	C	0.04%
CRL	C	0.04%
DPZ	C	0.04%
ARMK	B	0.04%
AES	F	0.04%
NLY	C	0.04%
AVY	D	0.04%
DKS	C	0.04%
DAY	B	0.04%
LKQ	D	0.04%
WWD	B	0.04%
IPG	D	0.04%
BKNG	A	0.04%
TECH	D	0.04%
FOXA	B	0.04%
CTLT	B	0.04%
FWONK	B	0.04%
TAP	C	0.04%
SJM	D	0.04%
CG	A	0.04%
AMAT	F	0.04%
AIZ	A	0.04%
COLB	A	0.03%
MTG	C	0.03%
FAF	A	0.03%
IVZ	B	0.03%
BILL	A	0.03%
AZPN	A	0.03%
HR	C	0.03%
GWW	B	0.03%
AXS	A	0.03%
VMI	B	0.03%
FMC	D	0.03%
ALK	C	0.03%
WH	B	0.03%
HRB	D	0.03%
DAR	C	0.03%
GXO	B	0.03%
R	B	0.03%
ESAB	B	0.03%
VFC	C	0.03%
OSK	B	0.03%
BBWI	D	0.03%
CART	C	0.03%
SKX	D	0.03%
LBRDK	C	0.03%
ROKU	D	0.03%
DASH	A	0.03%
HII	D	0.03%
FLS	B	0.03%
MTCH	D	0.03%
CZR	F	0.03%
SNV	B	0.03%
X	C	0.03%
ECL	D	0.03%
WAT	B	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
RL	B	0.03%
NYT	C	0.03%
JLL	D	0.03%
MOS	F	0.03%
CBSH	A	0.03%
HRL	D	0.03%
WYNN	D	0.03%
ALLY	C	0.03%
AAL	B	0.03%
MGM	D	0.03%
SNX	C	0.03%
HSIC	B	0.03%
PTC	A	0.03%
OGN	D	0.02%
LINE	F	0.02%
HOG	D	0.02%
FLO	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
M	D	0.02%
KMPR	B	0.02%
AWI	A	0.02%
RYN	D	0.02%
SLGN	A	0.02%
PSN	D	0.02%
EEFT	B	0.02%
DBX	B	0.02%
KRC	C	0.02%
CUZ	B	0.02%
AGO	B	0.02%
ST	F	0.02%
AVT	C	0.02%
CROX	D	0.02%
OLN	D	0.02%
TKR	D	0.02%
WTM	A	0.02%
HXL	D	0.02%
AMP	A	0.02%
BYD	C	0.02%
SON	D	0.02%
AL	B	0.02%
UGI	A	0.02%
OZK	B	0.02%
SLM	A	0.02%
CCCS	B	0.02%
LEA	D	0.02%
CRUS	D	0.02%
LITE	B	0.02%
EXAS	D	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%
FOX	A	0.02%
H	B	0.02%
JHG	A	0.02%
THG	A	0.02%
AMG	B	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%
CE	F	0.02%
WBA	F	0.02%
BEN	C	0.02%
MTDR	B	0.02%
BPOP	B	0.02%
OMF	A	0.02%
ESI	A	0.02%
NOV	C	0.02%
SIRI	C	0.02%
KD	B	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%
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%
QDEL	F	0.01%
AZEK	A	0.01%
LBTYK	A	0.01%
KSS	F	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	B	0.01%
LYFT	C	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	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%
BR	A	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%
MPW	F	0.01%
CC	C	0.01%
CXT	B	0.01%
COTY	F	0.01%
SEE	C	0.01%
COLM	B	0.01%
VIRT	B	0.01%
ECG	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%
HIW	D	0.01%
EPR	D	0.01%
MASI	A	0.01%
ZG	A	0.01%
ALNY	D	0.01%
PII	D	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%
MSM	C	0.01%
ASH	D	0.01%
LOAR	A	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%
TFSL	A	0.0%
WOLF	F	0.0%
FIVE	F	0.0%
CWEN	C	0.0%
CAR	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%
NCNO	B	0.0%

IWD Underweight 106 Positions Relative to PTL

Symbol	Grade	Weight
AVGO	D	-5.58%
ISRG	A	-1.32%
PLTR	B	-0.93%
PANW	C	-0.89%
ANET	C	-0.85%
APP	B	-0.67%
KLAC	D	-0.62%
WM	A	-0.61%
SNPS	B	-0.6%
SCCO	F	-0.51%
TTD	B	-0.45%
ODFL	B	-0.35%
COR	B	-0.34%
TRGP	B	-0.31%
VRT	B	-0.3%
CPNG	D	-0.3%
SNOW	C	-0.29%
DDOG	A	-0.29%
VEEV	C	-0.28%
VRSK	A	-0.28%
VST	B	-0.26%
IDXX	F	-0.25%
TPL	A	-0.23%
NET	B	-0.22%
OWL	A	-0.22%
DXCM	D	-0.22%
ZS	C	-0.22%
MPWR	F	-0.21%
TSCO	D	-0.2%
IOT	A	-0.2%
DECK	A	-0.19%
CPAY	A	-0.18%
ROL	B	-0.17%
LII	A	-0.16%
MDB	C	-0.16%
TOST	B	-0.15%
ERIE	D	-0.15%
XPO	B	-0.13%
PODD	C	-0.13%
SMMT	D	-0.12%
MANH	D	-0.12%
CRBG	B	-0.12%
RYAN	B	-0.12%
CHWY	B	-0.11%
DT	C	-0.11%
FIX	A	-0.11%
DOCU	A	-0.11%
ENTG	D	-0.11%
BSY	D	-0.11%
SFM	A	-0.1%
FLEX	A	-0.1%
INSM	C	-0.09%
TXRH	C	-0.09%
MEDP	D	-0.09%
PCVX	D	-0.09%
DVA	B	-0.09%
EDR	A	-0.09%
POOL	C	-0.09%
NBIX	C	-0.09%
SMCI	F	-0.09%
MUSA	A	-0.08%
PCTY	B	-0.08%
ESTC	C	-0.07%
CFLT	B	-0.07%
TPX	B	-0.07%
PEN	B	-0.07%
ITCI	C	-0.07%
WING	D	-0.07%
RVMD	C	-0.07%
GTLB	B	-0.07%
HLNE	B	-0.07%
PCOR	B	-0.07%
AIT	A	-0.07%
AAON	B	-0.07%
MLI	C	-0.07%
KNSL	B	-0.07%
UFPI	B	-0.06%
FLR	B	-0.06%
TREX	C	-0.06%
HESM	B	-0.06%
HQY	B	-0.06%
CRS	A	-0.06%
APPF	B	-0.06%
SSB	B	-0.06%
ENPH	F	-0.06%
ALTR	B	-0.06%
FOUR	B	-0.06%
ENSG	D	-0.06%
SUM	B	-0.06%
KNTK	B	-0.06%
NUVL	D	-0.05%
CELH	F	-0.05%
MTH	D	-0.05%
WTS	B	-0.05%
SPSC	C	-0.05%
NPAB	B	-0.05%
VKTX	F	-0.05%
WFRD	D	-0.05%
TMHC	B	-0.05%
GKOS	B	-0.05%
AUR	C	-0.05%
IBP	D	-0.04%
LNTH	D	-0.04%
ESNT	D	-0.04%
TRNO	F	-0.04%
SATS	D	-0.04%