IWD vs. RVRB ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Reverb ETF (RVRB)

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

RVRB

Reverb ETF

RVRB Description

The fund will invest in equity securities of companies that are publicly listed on one or more major U.S. national securities exchanges and which are among the largest approximately 500 domestic equity companies as determined by the Adviser on the basis of their free float market capitalization (the "Investable Universe"). In managing the fund, the Adviser employs a market "sentiment" based investment strategy, determined in accordance with its own proprietary web-based algorithm (the "Reverberate App" or the "App"), to adjust the weightings of positions in the fund"s portfolio.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

212

Number of Holdings ^*

510

* may have additional holdings in another (foreign) market

Performance

Period	IWD	RVRB
30 Days	3.53%	3.12%
60 Days	4.90%	5.02%
90 Days	6.95%	7.06%
12 Months	29.54%	31.49%

399 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in RVRB	Overlap
	A	D	0.15%	0.07%	0.07%
	AAL	B	0.03%	0.01%	0.01%
	ABBV	D	0.65%	0.52%	0.52%
	ABT	B	0.78%	0.35%	0.35%
	ACN	C	0.86%	0.39%	0.39%
	ADI	D	0.4%	0.19%	0.19%
	ADM	D	0.1%	0.04%	0.04%
	ADP	B	0.03%	0.21%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.2%	0.09%	0.09%
	AES	F	0.04%	0.01%	0.01%
	AFL	B	0.24%	0.11%	0.11%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.19%	0.09%	0.09%
	AJG	B	0.23%	0.11%	0.11%
	AKAM	D	0.05%	0.01%	0.01%
	ALB	C	0.05%	0.01%	0.01%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.09%	0.09%
	ALNY	D	0.01%	0.07%	0.01%
	AMAT	F	0.04%	0.27%	0.04%
	AMCR	D	0.06%	0.02%	0.02%
	AMD	F	0.29%	0.39%	0.29%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.13%	0.28%	0.13%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.04%	0.04%
	AON	A	0.29%	0.14%	0.14%
	APD	A	0.27%	0.12%	0.12%
	APH	A	0.14%	0.16%	0.14%
	APO	B	0.08%	0.17%	0.08%
	APTV	D	0.06%	0.02%	0.02%
	ARE	D	0.07%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.05%	0.03%	0.03%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.1%	0.04%	0.04%
	AXP	A	0.39%	0.37%	0.37%
	BA	F	0.31%	0.14%	0.14%
	BAC	A	1.23%	0.6%	0.6%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.06%	0.03%	0.03%
	BBY	D	0.08%	0.04%	0.04%
	BDX	F	0.25%	0.12%	0.12%
	BG	F	0.05%	0.01%	0.01%
	BIIB	F	0.09%	0.04%	0.04%
	BK	A	0.22%	0.1%	0.1%
	BKNG	A	0.04%	0.32%	0.04%
	BKR	B	0.17%	0.08%	0.08%
	BLDR	D	0.07%	0.03%	0.03%
	BLK	C	0.6%	0.27%	0.27%
	BMRN	D	0.05%	0.01%	0.01%
	BMY	B	0.44%	0.21%	0.21%
	BR	A	0.01%	0.04%	0.01%
	BRK.A	B	3.35%	1.65%	1.65%
	BRO	B	0.06%	0.06%	0.06%
	BSX	B	0.5%	0.24%	0.24%
	C	A	0.51%	0.23%	0.23%
	CAG	D	0.05%	0.01%	0.01%
	CAH	B	0.05%	0.05%	0.05%
	CARR	D	0.24%	0.12%	0.12%
	CAT	B	0.63%	0.35%	0.35%
	CB	C	0.45%	0.2%	0.2%
	CBRE	B	0.16%	0.07%	0.07%
	CCI	D	0.18%	0.08%	0.08%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.23%	0.13%	0.13%
	CF	B	0.06%	0.02%	0.02%
	CFG	B	0.08%	0.04%	0.04%
	CHD	B	0.1%	0.05%	0.05%
	CHTR	C	0.14%	0.1%	0.1%
	CI	F	0.32%	0.17%	0.17%
	CINF	A	0.09%	0.04%	0.04%
	CL	D	0.13%	0.13%	0.13%
	CMCSA	B	0.64%	0.3%	0.3%
	CMI	A	0.19%	0.09%	0.09%
	CMS	C	0.08%	0.03%	0.03%
	CNC	D	0.12%	0.06%	0.06%
	CNH	C	0.04%	0.01%	0.01%
	CNP	B	0.08%	0.03%	0.03%
	COF	B	0.27%	0.12%	0.12%
	COIN	C	0.04%	0.13%	0.04%
	COP	C	0.51%	0.23%	0.23%
	CPB	D	0.03%	0.01%	0.01%
	CPRT	A	0.01%	0.1%	0.01%
	CRM	B	0.18%	0.55%	0.18%
	CSCO	B	0.91%	0.41%	0.41%
	CSGP	D	0.11%	0.05%	0.05%
	CSL	C	0.07%	0.03%	0.03%
	CSX	B	0.27%	0.13%	0.13%
	CTAS	B	0.01%	0.17%	0.01%
	CTRA	B	0.07%	0.03%	0.03%
	CTSH	B	0.15%	0.07%	0.07%
	CTVA	C	0.15%	0.07%	0.07%
	CVNA	B	0.07%	0.03%	0.03%
	CVS	D	0.26%	0.12%	0.12%
	CVX	A	1.08%	0.52%	0.52%
	D	C	0.19%	0.08%	0.08%
	DAL	C	0.16%	0.07%	0.07%
	DASH	A	0.03%	0.12%	0.03%
	DD	D	0.13%	0.06%	0.06%
	DE	A	0.39%	0.2%	0.2%
	DELL	C	0.12%	0.16%	0.12%
	DFS	B	0.17%	0.08%	0.08%
	DG	F	0.06%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.19%	0.09%	0.09%
	DHR	F	0.58%	0.31%	0.31%
	DIS	B	0.82%	0.34%	0.34%
	DKS	C	0.04%	0.03%	0.03%
	DLR	B	0.23%	0.1%	0.1%
	DLTR	F	0.05%	0.02%	0.02%
	DOV	A	0.11%	0.05%	0.05%
	DOW	F	0.12%	0.06%	0.06%
	DRI	B	0.04%	0.03%	0.03%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.34%	0.15%	0.15%
	DVN	F	0.09%	0.05%	0.05%
	EA	A	0.17%	0.07%	0.07%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.13%	0.03%
	ED	D	0.13%	0.06%	0.06%
	EFX	F	0.09%	0.05%	0.05%
	EG	C	0.05%	0.02%	0.02%
	EL	F	0.04%	0.04%	0.04%
	ELV	F	0.3%	0.16%	0.16%
	EMR	A	0.28%	0.13%	0.13%
	EOG	A	0.3%	0.14%	0.14%
	EQIX	A	0.31%	0.17%	0.17%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.09%	0.02%	0.02%
	ES	D	0.08%	0.04%	0.04%
	ESS	B	0.07%	0.02%	0.02%
	ETN	A	0.56%	0.26%	0.26%
	ETR	B	0.12%	0.06%	0.06%
	ETSY	D	0.01%	0.01%	0.01%
	EW	C	0.13%	0.07%	0.07%
	EXAS	D	0.02%	0.01%	0.01%
	EXC	C	0.15%	0.07%	0.07%
	EXPD	D	0.06%	0.02%	0.02%
	EXR	D	0.13%	0.06%	0.06%
	F	C	0.17%	0.08%	0.08%
	FANG	D	0.13%	0.06%	0.06%
	FAST	B	0.03%	0.08%	0.03%
	FCX	D	0.24%	0.11%	0.11%
	FDS	B	0.05%	0.03%	0.03%
	FDX	B	0.26%	0.13%	0.13%
	FE	C	0.09%	0.04%	0.04%
	FI	A	0.32%	0.23%	0.23%
	FICO	B	0.03%	0.15%	0.03%
	FIS	C	0.19%	0.09%	0.09%
	FMC	D	0.03%	0.01%	0.01%
	FOX	A	0.02%	0.04%	0.02%
	FSLR	F	0.08%	0.04%	0.04%
	FTNT	C	0.04%	0.13%	0.04%
	FTRE	D	0.01%	0.0%	0.0%
	FTV	C	0.1%	0.05%	0.05%
	GE	D	0.59%	0.34%	0.34%
	GEHC	F	0.13%	0.07%	0.07%
	GEV	B	0.35%	0.17%	0.17%
	GFS	C	0.02%	0.04%	0.02%
	GILD	C	0.43%	0.2%	0.2%
	GIS	D	0.14%	0.06%	0.06%
	GLW	B	0.14%	0.07%	0.07%
	GM	B	0.25%	0.11%	0.11%
	GPC	D	0.07%	0.03%	0.03%
	GPN	B	0.12%	0.05%	0.05%
	GRMN	B	0.13%	0.07%	0.07%
	GS	A	0.53%	0.34%	0.34%
	GWW	B	0.03%	0.08%	0.03%
	HAL	C	0.1%	0.05%	0.05%
	HBAN	A	0.1%	0.04%	0.04%
	HCA	F	0.19%	0.15%	0.15%
	HD	A	0.32%	0.75%	0.32%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.13%	0.06%	0.06%
	HLT	A	0.12%	0.11%	0.11%
	HOLX	D	0.07%	0.03%	0.03%
	HON	B	0.49%	0.21%	0.21%
	HOOD	B	0.08%	0.02%	0.02%
	HPE	B	0.11%	0.05%	0.05%
	HPQ	B	0.11%	0.06%	0.06%
	HRL	D	0.03%	0.03%	0.03%
	HSY	F	0.08%	0.07%	0.07%
	HUBB	B	0.09%	0.03%	0.03%
	HUM	C	0.13%	0.05%	0.05%
	HWM	A	0.17%	0.08%	0.08%
	IBM	C	0.73%	0.33%	0.33%
	ICE	C	0.34%	0.16%	0.16%
	IEX	B	0.07%	0.01%	0.01%
	IFF	D	0.09%	0.04%	0.04%
	ILMN	D	0.08%	0.04%	0.04%
	INCY	C	0.04%	0.01%	0.01%
	INTC	D	0.4%	0.18%	0.18%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.02%	0.02%
	IQV	D	0.12%	0.07%	0.07%
	IR	B	0.16%	0.07%	0.07%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.2%	0.14%	0.14%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.04%	0.04%
	JBL	B	0.05%	0.02%	0.02%
	JCI	C	0.22%	0.1%	0.1%
	JNJ	D	1.45%	0.46%	0.46%
	JPM	A	2.74%	1.18%	1.18%
	K	A	0.08%	0.05%	0.05%
	KDP	D	0.14%	0.08%	0.08%
	KEY	B	0.07%	0.02%	0.02%
	KEYS	A	0.1%	0.05%	0.05%
	KHC	F	0.11%	0.07%	0.07%
	KKR	A	0.28%	0.24%	0.24%
	KMB	D	0.1%	0.08%	0.08%
	KMI	A	0.21%	0.11%	0.11%
	KO	D	0.4%	0.5%	0.4%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.08%	0.08%
	L	A	0.06%	0.03%	0.03%
	LCID	F	0.01%	0.0%	0.0%
	LDOS	C	0.08%	0.04%	0.04%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LH	C	0.08%	0.02%	0.02%
	LHX	C	0.18%	0.08%	0.08%
	LIN	D	0.84%	0.38%	0.38%
	LKQ	D	0.04%	0.01%	0.01%
	LMT	D	0.3%	0.24%	0.24%
	LNG	B	0.09%	0.08%	0.08%
	LOW	D	0.6%	0.28%	0.28%
	LUV	C	0.08%	0.04%	0.04%
	LW	C	0.03%	0.01%	0.01%
	LYB	F	0.08%	0.05%	0.05%
	MAA	B	0.07%	0.03%	0.03%
	MAR	B	0.25%	0.14%	0.14%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.77%	0.36%	0.36%
	MCHP	D	0.13%	0.06%	0.06%
	MCK	B	0.17%	0.16%	0.16%
	MDLZ	F	0.34%	0.16%	0.16%
	MDT	D	0.44%	0.2%	0.2%
	MET	A	0.19%	0.11%	0.11%
	MGM	D	0.03%	0.01%	0.01%
	MKC	D	0.07%	0.04%	0.04%
	MLM	B	0.13%	0.08%	0.08%
	MMC	B	0.37%	0.2%	0.2%
	MMM	D	0.23%	0.13%	0.13%
	MNST	C	0.03%	0.1%	0.03%
	MO	A	0.37%	0.17%	0.17%
	MOH	F	0.02%	0.04%	0.02%
	MOS	F	0.03%	0.01%	0.01%
	MPC	D	0.22%	0.09%	0.09%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	B	0.06%	0.01%	0.01%
	MRVL	B	0.27%	0.14%	0.14%
	MS	A	0.57%	0.38%	0.38%
	MSCI	C	0.07%	0.08%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.14%	0.07%	0.07%
	MTD	D	0.1%	0.08%	0.08%
	MU	D	0.41%	0.2%	0.2%
	NDAQ	A	0.13%	0.08%	0.08%
	NEE	D	0.61%	0.27%	0.27%
	NEM	D	0.18%	0.08%	0.08%
	NKE	D	0.14%	0.21%	0.14%
	NOC	D	0.27%	0.13%	0.13%
	NRG	B	0.04%	0.02%	0.02%
	NSC	B	0.23%	0.1%	0.1%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	O	D	0.19%	0.09%	0.09%
	OKTA	C	0.03%	0.01%	0.01%
	OMC	C	0.07%	0.03%	0.03%
	ON	D	0.11%	0.05%	0.05%
	ORLY	B	0.02%	0.16%	0.02%
	OTIS	C	0.16%	0.07%	0.07%
	OXY	D	0.13%	0.08%	0.08%
	PAYC	B	0.02%	0.01%	0.01%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.22%	0.11%	0.11%
	PCG	A	0.17%	0.1%	0.1%
	PEG	A	0.17%	0.08%	0.08%
	PEP	F	0.18%	0.39%	0.18%
	PFE	D	0.55%	0.25%	0.25%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.69%	0.69%
	PGR	A	0.09%	0.26%	0.09%
	PH	A	0.35%	0.18%	0.18%
	PHM	D	0.1%	0.05%	0.05%
	PKG	A	0.08%	0.02%	0.02%
	PLD	D	0.41%	0.18%	0.18%
	PM	B	0.78%	0.35%	0.35%
	PNC	B	0.32%	0.15%	0.15%
	PPG	F	0.11%	0.06%	0.06%
	PPL	B	0.1%	0.04%	0.04%
	PRU	A	0.18%	0.08%	0.08%
	PSA	D	0.18%	0.11%	0.11%
	PSX	C	0.21%	0.1%	0.1%
	PTC	A	0.03%	0.04%	0.03%
	PWR	A	0.13%	0.08%	0.08%
	PYPL	B	0.34%	0.16%	0.16%
	QCOM	F	0.04%	0.32%	0.04%
	RCL	A	0.14%	0.1%	0.1%
	REGN	F	0.28%	0.15%	0.15%
	RF	A	0.09%	0.04%	0.04%
	RIVN	F	0.03%	0.01%	0.01%
	RJF	A	0.12%	0.06%	0.06%
	RMD	C	0.1%	0.06%	0.06%
	ROK	B	0.12%	0.06%	0.06%
	ROP	B	0.23%	0.11%	0.11%
	ROST	C	0.14%	0.08%	0.08%
	RPRX	D	0.04%	0.01%	0.01%
	RS	B	0.07%	0.02%	0.02%
	RSG	A	0.17%	0.12%	0.12%
	RTX	C	0.61%	0.27%	0.27%
	RVTY	F	0.05%	0.01%	0.01%
	SBAC	D	0.09%	0.04%	0.04%
	SBUX	A	0.1%	0.19%	0.1%
	SCHW	B	0.42%	0.2%	0.2%
	SHW	A	0.03%	0.17%	0.03%
	SIRI	C	0.02%	0.01%	0.01%
	SJM	D	0.04%	0.01%	0.01%
	SO	D	0.37%	0.17%	0.17%
	SPG	B	0.17%	0.1%	0.1%
	SPGI	C	0.61%	0.29%	0.29%
	SQ	B	0.11%	0.09%	0.09%
	SRE	A	0.23%	0.1%	0.1%
	STE	F	0.08%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.11%	0.05%	0.05%
	STZ	D	0.15%	0.08%	0.08%
	SUI	D	0.06%	0.02%	0.02%
	SW	A	0.1%	0.02%	0.02%
	SWKS	F	0.05%	0.01%	0.01%
	SYK	C	0.39%	0.25%	0.25%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.63%	0.28%	0.28%
	TDG	D	0.21%	0.16%	0.16%
	TDY	B	0.08%	0.03%	0.03%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.24%	0.11%	0.11%
	TGT	F	0.27%	0.13%	0.13%
	TJX	A	0.22%	0.25%	0.22%
	TMO	F	0.76%	0.34%	0.34%
	TMUS	B	0.44%	0.46%	0.44%
	TRMB	B	0.07%	0.01%	0.01%
	TROW	B	0.1%	0.05%	0.05%
	TRV	B	0.23%	0.1%	0.1%
	TSN	B	0.07%	0.04%	0.04%
	TT	A	0.24%	0.16%	0.16%
	TTWO	A	0.12%	0.06%	0.06%
	TW	A	0.04%	0.05%	0.04%
	TXN	C	0.63%	0.33%	0.33%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.01%	0.04%	0.01%
	U	C	0.01%	0.01%	0.01%
	UAL	A	0.12%	0.03%	0.03%
	ULTA	F	0.01%	0.02%	0.01%
	UNH	C	1.98%	0.95%	0.95%
	UNP	C	0.29%	0.26%	0.26%
	UPS	C	0.38%	0.2%	0.2%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.14%	0.14%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.08%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.04%	0.04%
	VRTX	F	0.23%	0.22%	0.22%
	VTR	C	0.1%	0.04%	0.04%
	VZ	C	0.68%	0.29%	0.29%
	WAB	B	0.13%	0.06%	0.06%
	WAT	B	0.03%	0.05%	0.03%
	WBA	F	0.02%	0.01%	0.01%
	WBD	C	0.09%	0.04%	0.04%
	WDC	D	0.08%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.32%	0.15%	0.15%
	WFC	A	1.01%	0.45%	0.45%
	WLK	D	0.02%	0.03%	0.02%
	WMB	A	0.27%	0.12%	0.12%
	WMT	A	1.42%	1.23%	1.23%
	WPC	D	0.05%	0.01%	0.01%
	WRB	A	0.07%	0.02%	0.02%
	WSM	B	0.03%	0.02%	0.02%
	WSO	A	0.07%	0.03%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	XEL	A	0.15%	0.07%	0.07%
	XOM	B	2.08%	0.9%	0.9%
	XYL	D	0.11%	0.05%	0.05%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.04%	0.04%
	ZM	B	0.08%	0.05%	0.05%
	ZTS	D	0.05%	0.15%	0.05%

IWD Overweight 466 Positions Relative to RVRB

	Symbol	Grade	Weight
	CME	A	0.32%
	GD	F	0.31%
	CRH	A	0.26%
	OKE	A	0.25%
	SLB	C	0.24%
	MSTR	C	0.19%
	FERG	B	0.15%
	ACGL	D	0.14%
	EIX	B	0.12%
	FITB	A	0.12%
	SYF	B	0.1%
	NVR	D	0.1%
	FCNCA	A	0.1%
	COO	D	0.08%
	CBOE	B	0.08%
	EXE	B	0.08%
	MKL	A	0.07%
	OC	A	0.07%
	PNR	A	0.07%
	TRU	D	0.07%
	SNA	A	0.07%
	IBKR	A	0.07%
	EVRG	A	0.06%
	EWBC	A	0.06%
	NDSN	B	0.06%
	ACM	A	0.06%
	UDR	B	0.06%
	DOC	D	0.06%
	THC	D	0.06%
	USFD	A	0.06%
	GGG	B	0.06%
	RGA	A	0.06%
	VTRS	A	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	LNT	A	0.06%
	SSNC	B	0.06%
	FNF	B	0.06%
	UTHR	C	0.06%
	GEN	B	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	Z	A	0.05%
	UHS	D	0.05%
	SOFI	A	0.05%
	EMN	D	0.05%
	JNPR	F	0.05%
	SCI	B	0.05%
	NVT	B	0.05%
	HST	C	0.05%
	NTNX	A	0.05%
	FTI	A	0.05%
	ALLE	D	0.05%
	CASY	A	0.05%
	BXP	D	0.05%
	EPAM	C	0.05%
	CPT	B	0.05%
	COHR	B	0.05%
	ITT	A	0.05%
	CLH	B	0.05%
	JKHY	D	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%
	RPM	A	0.05%
	RNR	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	EME	C	0.05%
	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%
	SOLV	C	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	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%
	NLY	C	0.04%
	OHI	C	0.04%
	AFG	A	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	DAY	B	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	BLD	D	0.04%
	WWD	B	0.04%
	IPG	D	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	A	0.04%
	TECH	D	0.04%
	PNW	B	0.04%
	FOXA	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%
	PFGC	B	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%
	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%
	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%
	ALK	C	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	FCN	D	0.03%
	FND	C	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%
	PB	A	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	RHI	B	0.03%
	JAZZ	B	0.03%
	ADC	B	0.03%
	KEX	C	0.03%
	HII	D	0.03%
	PR	B	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%
	ACI	C	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%
	LECO	B	0.03%
	LAMR	D	0.03%
	VOYA	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%
	CBSH	A	0.03%
	TTC	D	0.03%
	OGE	B	0.03%
	FYBR	D	0.03%
	WTFC	A	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ALLY	C	0.03%
	ZION	B	0.03%
	BRX	A	0.03%
	TTEK	F	0.03%
	AOS	F	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%
	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%
	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%
	GNRC	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%
	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%
	S	B	0.02%
	STWD	C	0.02%
	ARW	D	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%
	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%
	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%
	INFA	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%
	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%
	AMED	F	0.01%
	MAN	D	0.01%
	SNRE	D	0.01%
	PAG	B	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%
	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	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%
	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%
	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 112 Positions Relative to RVRB

	Symbol	Grade	Weight
	MSFT	F	-6.29%
	NVDA	C	-6.15%
	AAPL	C	-5.64%
	AMZN	C	-4.4%
	GOOGL	C	-4.05%
	META	D	-2.4%
	TSLA	B	-1.62%
	AVGO	D	-1.32%
	LLY	F	-1.31%
	V	A	-1.19%
	ORCL	B	-0.9%
	MA	C	-0.87%
	COST	B	-0.77%
	NFLX	A	-0.64%
	ADBE	C	-0.41%
	NOW	A	-0.4%
	INTU	C	-0.36%
	MRK	F	-0.35%
	ISRG	A	-0.34%
	UBER	D	-0.26%
	PLTR	B	-0.24%
	SHOP	B	-0.24%
	PANW	C	-0.23%
	BX	A	-0.23%
	ANET	C	-0.22%
	LRCX	F	-0.19%
	KLAC	D	-0.17%
	TD	F	-0.17%
	CDNS	B	-0.16%
	WM	A	-0.16%
	CMG	B	-0.16%
	AMT	D	-0.16%
	APP	B	-0.16%
	ABNB	C	-0.15%
	SPOT	B	-0.15%
	MCO	B	-0.15%
	CRWD	B	-0.15%
	SNPS	B	-0.14%
	SCCO	F	-0.14%
	NU	C	-0.13%
	ADSK	A	-0.12%
	MELI	D	-0.12%
	EPD	A	-0.12%
	WDAY	B	-0.12%
	TEAM	A	-0.11%
	NXPI	D	-0.1%
	ET	A	-0.1%
	TTD	B	-0.1%
	FLUT	A	-0.09%
	ODFL	B	-0.09%
	MPLX	A	-0.09%
	VST	B	-0.09%
	VRT	B	-0.08%
	COR	B	-0.08%
	CPNG	D	-0.08%
	WCN	A	-0.08%
	DDOG	A	-0.08%
	LVS	C	-0.07%
	CCEP	C	-0.07%
	IT	C	-0.07%
	STLA	F	-0.07%
	VRSK	A	-0.07%
	TRGP	B	-0.07%
	SNOW	C	-0.07%
	LYV	A	-0.06%
	VEEV	C	-0.06%
	NET	B	-0.06%
	RBLX	C	-0.06%
	LULU	C	-0.06%
	EXPE	B	-0.05%
	CPAY	A	-0.05%
	GDDY	A	-0.05%
	IOT	A	-0.05%
	DXCM	D	-0.05%
	GOLD	D	-0.05%
	TSCO	D	-0.05%
	ZS	C	-0.05%
	ARES	A	-0.05%
	IDXX	F	-0.05%
	HEI	B	-0.05%
	AER	B	-0.04%
	MPWR	F	-0.04%
	MDB	C	-0.04%
	STX	D	-0.04%
	AXON	A	-0.04%
	BAH	F	-0.04%
	STM	F	-0.04%
	PHG	D	-0.04%
	CQP	B	-0.04%
	HUBS	A	-0.04%
	ROL	B	-0.04%
	ICLR	D	-0.03%
	ERIE	D	-0.03%
	CRBG	B	-0.03%
	CLX	B	-0.03%
	PINS	D	-0.03%
	CHKP	D	-0.03%
	DKNG	B	-0.03%
	MT	B	-0.03%
	YUMC	C	-0.02%
	SNAP	C	-0.02%
	CHWY	B	-0.02%
	PODD	C	-0.02%
	BURL	A	-0.02%
	LPLA	A	-0.02%
	SMCI	F	-0.02%
	CELH	F	-0.01%
	IEP	F	-0.01%
	ENPH	F	-0.01%
	BSY	D	-0.01%
	DT	C	-0.01%
	WMG	C	-0.01%

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

RVRB: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Semiconductors Utilities - Regulated Electric Business Services Diversified Industrials Specialty Retail Asset Management Capital Markets Drug Manufacturers - Major Oil & Gas E&P Packaged Foods Software - Infrastructure Specialty Chemicals Aerospace & Defense Banks - Regional - US Biotechnology Medical Devices Oil & Gas Midstream Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Electronics Insurance Medicine Semiconductor Aerospace Bank Telecommunications Banking Chemical Cloud Computing Mining Mobile Devices Transport Insurance Products