IWD vs. TECB ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to iShares U.S. Tech Breakthrough Multisector ETF (TECB)

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

TECB

iShares U.S. Tech Breakthrough Multisector ETF

TECB Description

The fund seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index (the underlying index), which measures the performance of U.S. listed companies engaged in cutting edge research and development of products and services in the areas of robotics and artificial intelligence, cyber security, cloud and data tech, financial technology, and genomics and immunology. It generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.80

Average Daily Volume

19,806

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	IWD	TECB
30 Days	3.53%	6.07%
60 Days	4.90%	7.19%
90 Days	6.95%	9.19%
12 Months	29.54%	37.00%

60 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in TECB	Overlap
ADI	D	0.4%	1.39%	0.4%
AFRM	B	0.05%	0.1%	0.05%
AKAM	D	0.05%	0.37%	0.05%
AMD	F	0.29%	2.91%	0.29%
AME	A	0.17%	0.59%	0.17%
ANSS	B	0.11%	0.4%	0.11%
BILL	A	0.03%	0.06%	0.03%
BR	A	0.01%	0.16%	0.01%
CACI	D	0.04%	0.28%	0.04%
CCCS	B	0.02%	0.03%	0.02%
CGNX	C	0.03%	0.09%	0.03%
COIN	C	0.04%	0.34%	0.04%
CRM	B	0.18%	4.64%	0.18%
DBX	B	0.02%	0.1%	0.02%
DLR	B	0.23%	0.88%	0.23%
EBAY	D	0.12%	0.45%	0.12%
EEFT	B	0.02%	0.03%	0.02%
EQIX	A	0.31%	1.28%	0.31%
ETSY	D	0.01%	0.09%	0.01%
EXEL	B	0.01%	0.17%	0.01%
FI	A	0.32%	0.77%	0.32%
FIS	C	0.19%	0.29%	0.19%
FTNT	C	0.04%	1.59%	0.04%
GILD	C	0.43%	1.94%	0.43%
GPN	B	0.12%	0.18%	0.12%
GWRE	A	0.03%	0.1%	0.03%
HPQ	B	0.11%	0.54%	0.11%
INCY	C	0.04%	0.27%	0.04%
INFA	D	0.01%	0.05%	0.01%
INTC	D	0.4%	1.37%	0.4%
IRM	D	0.06%	0.51%	0.06%
JKHY	D	0.05%	0.08%	0.05%
JNPR	F	0.05%	0.3%	0.05%
LSCC	D	0.0%	0.09%	0.0%
MCHP	D	0.13%	0.46%	0.13%
MKTX	D	0.04%	0.06%	0.04%
MRNA	F	0.05%	0.22%	0.05%
MSTR	C	0.19%	0.92%	0.19%
NCNO	B	0.0%	0.02%	0.0%
NTAP	C	0.05%	0.38%	0.05%
NTNX	A	0.05%	0.25%	0.05%
OKTA	C	0.03%	0.32%	0.03%
OMF	A	0.02%	0.04%	0.02%
PARA	C	0.02%	0.09%	0.02%
PSTG	D	0.01%	0.23%	0.01%
PYPL	B	0.34%	0.54%	0.34%
QCOM	F	0.04%	2.28%	0.04%
REGN	F	0.28%	1.37%	0.28%
S	B	0.02%	0.2%	0.02%
SAIC	F	0.02%	0.17%	0.02%
SIRI	C	0.02%	0.02%	0.02%
SOFI	A	0.05%	0.09%	0.05%
SQ	B	0.11%	0.31%	0.11%
SSNC	B	0.06%	0.1%	0.06%
TW	A	0.04%	0.09%	0.04%
TWLO	A	0.05%	0.24%	0.05%
TXN	C	0.63%	2.38%	0.63%
VIRT	B	0.01%	0.02%	0.01%
WDC	D	0.08%	0.31%	0.08%
WEX	D	0.03%	0.05%	0.03%

IWD Overweight 805 Positions Relative to TECB

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
XOM	B	2.08%
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%
LIN	D	0.84%
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%
CAT	B	0.63%
T	A	0.63%
NEE	D	0.61%
SPGI	C	0.61%
RTX	C	0.61%
LOW	D	0.6%
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%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
KO	D	0.4%
SYK	C	0.39%
DE	A	0.39%
AXP	A	0.39%
UPS	C	0.38%
MMC	B	0.37%
MO	A	0.37%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
ICE	C	0.34%
CME	A	0.32%
CI	F	0.32%
HD	A	0.32%
WELL	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%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
EMR	A	0.28%
NOC	D	0.27%
CSX	B	0.27%
WMB	A	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%
MAR	B	0.25%
OKE	A	0.25%
BDX	F	0.25%
TT	A	0.24%
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%
AJG	B	0.23%
CEG	D	0.23%
TRV	B	0.23%
VRTX	F	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	C	0.22%
PCAR	B	0.22%
BK	A	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
DHI	D	0.19%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	0.19%
O	D	0.19%
CMI	A	0.19%
PSA	D	0.18%
CCI	D	0.18%
KVUE	A	0.18%
PRU	A	0.18%
PEP	F	0.18%
LHX	C	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
BKR	B	0.17%
EA	A	0.17%
F	C	0.17%
SPG	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
PCG	A	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
LEN	D	0.16%
IR	B	0.16%
DAL	C	0.16%
URI	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%
EXC	C	0.15%
APH	A	0.14%
NKE	D	0.14%
NUE	C	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%
PWR	A	0.13%
EW	C	0.13%
VICI	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
FANG	D	0.13%
ED	D	0.13%
AMGN	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
WAB	B	0.13%
CL	D	0.13%
DD	D	0.13%
EXR	D	0.13%
HIG	B	0.13%
HLT	A	0.12%
ROK	B	0.12%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
RJF	A	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
DOW	F	0.12%
ETR	B	0.12%
EIX	B	0.12%
WTW	B	0.12%
FITB	A	0.12%
HPE	B	0.11%
VMC	B	0.11%
DOV	A	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%
XYL	D	0.11%
PAYX	C	0.11%
RMD	C	0.1%
DTE	C	0.1%
PPL	B	0.1%
MTD	D	0.1%
SBUX	A	0.1%
ADM	D	0.1%
HBAN	A	0.1%
SYF	B	0.1%
VTR	C	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%
FCNCA	A	0.1%
KMB	D	0.1%
PHM	D	0.1%
CHD	B	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%
HUBB	B	0.09%
PGR	A	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
RF	A	0.09%
AEE	A	0.09%
CCL	B	0.09%
EFX	F	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%
FSLR	F	0.08%
CMS	C	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
CBOE	B	0.08%
ZM	B	0.08%
HSY	F	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
LYB	F	0.08%
EXE	B	0.08%
APO	B	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
TDY	B	0.08%
ATO	A	0.08%
MKL	A	0.07%
OC	A	0.07%
CVNA	B	0.07%
GPC	D	0.07%
TRMB	B	0.07%
MAS	D	0.07%
IEX	B	0.07%
PNR	A	0.07%
J	F	0.07%
TRU	D	0.07%
CSL	C	0.07%
RS	B	0.07%
KEY	B	0.07%
DGX	A	0.07%
WRB	A	0.07%
HOLX	D	0.07%
WSO	A	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%
IBKR	A	0.07%
MSCI	C	0.07%
BLDR	D	0.07%
ESS	B	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EXPD	D	0.06%
EWBC	A	0.06%
VRSN	F	0.06%
HES	B	0.06%
APTV	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
UDR	B	0.06%
DOC	D	0.06%
BRO	B	0.06%
THC	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%
FNF	B	0.06%
UTHR	C	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
GEN	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%
BMRN	D	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	0.05%
WPC	D	0.05%
FTI	A	0.05%
ALLE	D	0.05%
ALB	C	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%
AMH	D	0.05%
CAG	D	0.05%
BG	F	0.05%
GLPI	C	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%
RPM	A	0.05%
RNR	C	0.05%
EG	C	0.05%
SWKS	F	0.05%
RVTY	F	0.05%
REG	B	0.05%
CW	B	0.05%
FFIV	B	0.05%
VLTO	D	0.05%
EME	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
WST	C	0.04%
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%
DRI	B	0.04%
PNFP	B	0.04%
EL	F	0.04%
BRBR	A	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%
DTM	B	0.04%
WAL	B	0.04%
WTRG	B	0.04%
ARMK	B	0.04%
EHC	B	0.04%
AES	F	0.04%
NLY	C	0.04%
AVY	D	0.04%
OHI	C	0.04%
AFG	A	0.04%
GME	C	0.04%
LAD	A	0.04%
RPRX	D	0.04%
DKS	C	0.04%
DAY	B	0.04%
LKQ	D	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%
PRI	A	0.04%
BKNG	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%
SJM	D	0.04%
ATR	B	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	0.04%
AMAT	F	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%
FAF	A	0.03%
IVZ	B	0.03%
LSTR	D	0.03%
STAG	F	0.03%
AZPN	A	0.03%
HR	C	0.03%
DINO	D	0.03%
GWW	B	0.03%
AXS	A	0.03%
VMI	B	0.03%
MKSI	C	0.03%
FMC	D	0.03%
ALK	C	0.03%
WSM	B	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%
ALGN	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%
FAST	B	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	A	0.03%
ROKU	D	0.03%
CHE	D	0.03%
DASH	A	0.03%
MNST	C	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%
SHW	A	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%
ECL	D	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%
WAT	B	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
CPB	D	0.03%
FICO	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%
MOS	F	0.03%
CBSH	A	0.03%
TTC	D	0.03%
OGE	B	0.03%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	0.03%
WYNN	D	0.03%
ALLY	C	0.03%
ZION	B	0.03%
BRX	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
MGM	D	0.03%
AOS	F	0.03%
SNX	C	0.03%
HSIC	B	0.03%
KNX	B	0.03%
ADP	B	0.03%
AR	B	0.03%
HLI	B	0.03%
AXTA	A	0.03%
RBC	A	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%
TPG	A	0.02%
GTES	A	0.02%
PAYC	B	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%
GAP	C	0.02%
AWI	A	0.02%
RYN	D	0.02%
SLGN	A	0.02%
PSN	D	0.02%
WSC	D	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%
AMP	A	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%
LEA	D	0.02%
CRUS	D	0.02%
LITE	B	0.02%
EXAS	D	0.02%
GNRC	B	0.02%
ORLY	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%
FOX	A	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%
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%
COLD	D	0.02%
ESI	A	0.02%
NOV	C	0.02%
MOH	F	0.02%
KD	B	0.02%
MSA	D	0.02%
MAT	D	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%
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%
LEN	D	0.01%
CNXC	F	0.01%
VSTS	C	0.01%
CRI	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%
LCID	F	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%
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%
EXP	A	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%
CNM	D	0.01%
AMKR	D	0.01%
ECG	C	0.01%
U	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%
ALNY	D	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	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%
CTAS	B	0.01%
OLED	D	0.01%
TYL	B	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%
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%

IWD Underweight 104 Positions Relative to TECB

Symbol	Grade	Weight
NFLX	A	-4.98%
ORCL	B	-4.5%
NVDA	C	-4.32%
AAPL	C	-4.13%
META	D	-4.07%
AMZN	C	-3.83%
MSFT	F	-3.47%
GOOGL	C	-3.42%
PANW	C	-3.41%
NOW	A	-3.13%
ADBE	C	-2.97%
V	A	-2.96%
MRK	F	-2.72%
MA	C	-2.59%
ISRG	A	-2.56%
CRWD	B	-2.17%
MELI	D	-1.35%
INTU	C	-1.12%
ADSK	A	-0.89%
SNOW	C	-0.77%
TEAM	A	-0.59%
BAH	F	-0.51%
HUBS	A	-0.51%
ZS	C	-0.5%
CPNG	D	-0.41%
GDDY	A	-0.36%
MDB	C	-0.33%
PINS	D	-0.23%
SRPT	D	-0.17%
CPAY	A	-0.16%
QLYS	C	-0.15%
SNAP	C	-0.15%
RVMD	C	-0.14%
VRNS	D	-0.14%
TENB	C	-0.13%
CVLT	B	-0.11%
GTLB	B	-0.11%
TOST	B	-0.1%
LUMN	C	-0.1%
BPMC	C	-0.1%
CFLT	B	-0.1%
ALTR	B	-0.08%
ALRM	C	-0.08%
BSY	D	-0.08%
RPD	C	-0.07%
ACLX	C	-0.06%
CALX	D	-0.05%
PEGA	A	-0.05%
YOU	D	-0.05%
AI	B	-0.05%
LGND	B	-0.04%
QTWO	A	-0.04%
PTON	B	-0.04%
FRSH	C	-0.04%
FOUR	B	-0.04%
TWST	D	-0.04%
SWTX	C	-0.04%
TDC	D	-0.04%
SLAB	D	-0.04%
PRGS	A	-0.04%
BCRX	D	-0.03%
AVPT	A	-0.03%
DVAX	C	-0.03%
WK	B	-0.03%
BEAM	D	-0.03%
IOVA	F	-0.03%
ATEN	B	-0.03%
DOCN	D	-0.03%
UPST	B	-0.03%
ACIW	B	-0.03%
GERN	D	-0.03%
PAR	B	-0.02%
SYM	C	-0.02%
VERX	B	-0.02%
FLYW	C	-0.02%
MTTR	B	-0.02%
NVAX	F	-0.02%
BL	B	-0.02%
ZUO	B	-0.02%
CWAN	B	-0.02%
APPN	B	-0.02%
NTLA	F	-0.02%
INTA	A	-0.02%
XNCR	B	-0.02%
DDD	C	-0.01%
ARCT	F	-0.01%
MQ	F	-0.01%
BMBL	C	-0.01%
DFIN	D	-0.01%
AVDX	B	-0.01%
VIR	D	-0.01%
RCUS	F	-0.01%
BASE	C	-0.01%
ALKT	B	-0.01%
PRLB	A	-0.01%
CXM	C	-0.01%
FSLY	D	-0.01%
VMEO	B	-0.01%
PAYO	A	-0.01%
ENVA	B	-0.01%
WRLD	C	-0.0%
LPRO	C	-0.0%
RPAY	D	-0.0%
DNA	F	-0.0%