BND vs. ILCB ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to iShares Morningstar U.S. Equity ETF (ILCB)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.68

Average Daily Volume

5,877,161

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. 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 similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$81.82

Average Daily Volume

40,183

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	BND	ILCB
30 Days	-1.26%	1.27%
60 Days	-2.89%	3.94%
90 Days	-1.84%	5.61%
12 Months	6.47%	31.27%

377 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in ILCB	Overlap
A	F	0.01%	0.08%	0.01%
AAPL	C	0.01%	6.14%	0.01%
ABBV	F	0.01%	0.66%	0.01%
ABT	A	0.01%	0.38%	0.01%
ACGL	D	0.01%	0.07%	0.01%
ADBE	D	0.01%	0.41%	0.01%
ADI	D	0.01%	0.21%	0.01%
ADM	D	0.01%	0.05%	0.01%
ADP	B	0.01%	0.23%	0.01%
ADSK	B	0.01%	0.12%	0.01%
AEE	A	0.01%	0.05%	0.01%
AEP	C	0.01%	0.1%	0.01%
AES	F	0.01%	0.02%	0.01%
AFG	A	0.01%	0.02%	0.01%
AFL	C	0.01%	0.1%	0.01%
AGR	A	0.01%	0.0%	0.0%
AIG	C	0.01%	0.09%	0.01%
AJG	B	0.01%	0.12%	0.01%
ALB	B	0.01%	0.02%	0.01%
ALL	A	0.01%	0.1%	0.01%
ALLE	D	0.01%	0.02%	0.01%
ALLY	C	0.01%	0.02%	0.01%
AMAT	F	0.01%	0.3%	0.01%
AMCR	D	0.01%	0.03%	0.01%
AMGN	D	0.01%	0.33%	0.01%
AMH	C	0.01%	0.02%	0.01%
AMP	A	0.01%	0.1%	0.01%
AMT	D	0.01%	0.18%	0.01%
AMZN	B	0.01%	3.72%	0.01%
AON	B	0.01%	0.16%	0.01%
APD	A	0.01%	0.13%	0.01%
APH	B	0.01%	0.17%	0.01%
APO	A	0.01%	0.12%	0.01%
APTV	F	0.01%	0.03%	0.01%
ARE	F	0.01%	0.03%	0.01%
ATO	A	0.01%	0.04%	0.01%
AVB	B	0.01%	0.06%	0.01%
AVGO	C	0.01%	1.58%	0.01%
AVY	D	0.01%	0.03%	0.01%
AWK	C	0.01%	0.05%	0.01%
AXP	B	0.01%	0.31%	0.01%
AZO	C	0.01%	0.1%	0.01%
BA	D	0.01%	0.21%	0.01%
BAC	A	0.01%	0.57%	0.01%
BAX	F	0.01%	0.03%	0.01%
BBY	D	0.01%	0.03%	0.01%
BDX	F	0.01%	0.13%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	D	0.01%	0.02%	0.01%
BIIB	F	0.01%	0.05%	0.01%
BK	B	0.01%	0.11%	0.01%
BKNG	A	0.01%	0.32%	0.01%
BLK	B	0.01%	0.29%	0.01%
BMY	A	0.01%	0.21%	0.01%
BR	B	0.01%	0.05%	0.01%
BRO	B	0.01%	0.05%	0.01%
BSX	A	0.01%	0.24%	0.01%
BXP	D	0.01%	0.02%	0.01%
C	B	0.01%	0.25%	0.01%
CAG	F	0.01%	0.03%	0.01%
CAH	B	0.01%	0.06%	0.01%
CARR	D	0.01%	0.12%	0.01%
CAT	C	0.01%	0.36%	0.01%
CB	C	0.01%	0.2%	0.01%
CCI	C	0.01%	0.09%	0.01%
CDNS	B	0.01%	0.15%	0.01%
CE	F	0.01%	0.02%	0.01%
CF	A	0.01%	0.03%	0.01%
CFG	B	0.01%	0.04%	0.01%
CHD	A	0.01%	0.05%	0.01%
CHTR	B	0.01%	0.07%	0.01%
CI	D	0.01%	0.17%	0.01%
CINF	A	0.01%	0.04%	0.01%
CL	D	0.01%	0.14%	0.01%
CLX	A	0.01%	0.04%	0.01%
CMCSA	B	0.01%	0.32%	0.01%
CME	A	0.01%	0.15%	0.01%
CMI	A	0.01%	0.09%	0.01%
CMS	C	0.01%	0.04%	0.01%
CNH	C	0.01%	0.02%	0.01%
CNP	A	0.01%	0.04%	0.01%
COF	B	0.01%	0.13%	0.01%
COO	D	0.01%	0.04%	0.01%
COP	B	0.01%	0.24%	0.01%
COST	A	0.01%	0.79%	0.01%
CPB	D	0.01%	0.02%	0.01%
CPT	C	0.01%	0.02%	0.01%
CRM	B	0.01%	0.56%	0.01%
CSCO	B	0.01%	0.44%	0.01%
CSL	C	0.01%	0.04%	0.01%
CSX	C	0.01%	0.13%	0.01%
CTAS	B	0.01%	0.15%	0.01%
CTVA	C	0.01%	0.08%	0.01%
CVS	F	0.01%	0.13%	0.01%
CVX	A	0.01%	0.5%	0.01%
D	C	0.01%	0.09%	0.01%
DAL	A	0.01%	0.07%	0.01%
DD	D	0.01%	0.07%	0.01%
DE	C	0.01%	0.19%	0.01%
DELL	B	0.01%	0.07%	0.01%
DFS	B	0.01%	0.08%	0.01%
DG	F	0.01%	0.03%	0.01%
DGX	A	0.01%	0.03%	0.01%
DHI	D	0.01%	0.1%	0.01%
DHR	D	0.01%	0.3%	0.01%
DIS	B	0.01%	0.34%	0.01%
DLR	A	0.01%	0.11%	0.01%
DLTR	F	0.01%	0.02%	0.01%
DOC	D	0.01%	0.03%	0.01%
DOV	B	0.01%	0.05%	0.01%
DOW	F	0.01%	0.06%	0.01%
DRI	C	0.01%	0.04%	0.01%
DT	C	0.01%	0.03%	0.01%
DTE	C	0.01%	0.05%	0.01%
DUK	C	0.01%	0.17%	0.01%
DVN	F	0.01%	0.05%	0.01%
EA	A	0.01%	0.07%	0.01%
EBAY	D	0.01%	0.06%	0.01%
ECL	D	0.01%	0.12%	0.01%
ED	C	0.01%	0.06%	0.01%
EFX	F	0.01%	0.06%	0.01%
EG	D	0.01%	0.03%	0.01%
EIX	C	0.01%	0.06%	0.01%
EL	F	0.01%	0.03%	0.01%
EMN	D	0.01%	0.02%	0.01%
EMR	A	0.01%	0.14%	0.01%
EOG	A	0.01%	0.15%	0.01%
EQH	B	0.01%	0.02%	0.01%
EQIX	A	0.01%	0.16%	0.01%
EQR	C	0.01%	0.05%	0.01%
ES	C	0.01%	0.04%	0.01%
ESS	A	0.01%	0.04%	0.01%
ETN	B	0.01%	0.28%	0.01%
ETR	A	0.01%	0.06%	0.01%
EVRG	A	0.01%	0.03%	0.01%
EW	C	0.01%	0.08%	0.01%
EXC	C	0.01%	0.07%	0.01%
EXPE	B	0.01%	0.04%	0.01%
EXR	C	0.01%	0.07%	0.01%
FANG	D	0.01%	0.06%	0.01%
FDX	B	0.01%	0.12%	0.01%
FE	D	0.01%	0.04%	0.01%
FIS	C	0.01%	0.09%	0.01%
FITB	B	0.01%	0.06%	0.01%
FLEX	B	0.01%	0.03%	0.01%
FNF	A	0.01%	0.02%	0.01%
FOXA	B	0.01%	0.02%	0.01%
FTNT	B	0.01%	0.11%	0.01%
FTV	D	0.01%	0.05%	0.01%
GD	D	0.01%	0.14%	0.01%
GE	D	0.01%	0.38%	0.01%
GILD	B	0.01%	0.23%	0.01%
GIS	F	0.01%	0.07%	0.01%
GLPI	C	0.01%	0.02%	0.01%
GLW	B	0.01%	0.07%	0.01%
GM	B	0.01%	0.12%	0.01%
GOOGL	B	0.01%	1.97%	0.01%
GPC	F	0.01%	0.03%	0.01%
GPN	C	0.01%	0.05%	0.01%
GS	B	0.01%	0.36%	0.01%
GWW	B	0.01%	0.1%	0.01%
HAL	C	0.01%	0.05%	0.01%
HBAN	B	0.01%	0.05%	0.01%
HCA	F	0.01%	0.13%	0.01%
HD	A	0.01%	0.76%	0.01%
HES	B	0.01%	0.07%	0.01%
HIG	B	0.01%	0.07%	0.01%
HII	F	0.01%	0.02%	0.01%
HON	A	0.01%	0.27%	0.01%
HPE	B	0.01%	0.05%	0.01%
HPQ	B	0.01%	0.07%	0.01%
HRL	D	0.01%	0.02%	0.01%
HST	D	0.01%	0.02%	0.01%
HSY	F	0.01%	0.05%	0.01%
HUBB	B	0.01%	0.05%	0.01%
HUM	D	0.01%	0.06%	0.01%
IBM	C	0.01%	0.37%	0.01%
ICE	C	0.01%	0.17%	0.01%
IEX	B	0.01%	0.03%	0.01%
IFF	D	0.01%	0.04%	0.01%
ILMN	C	0.01%	0.05%	0.01%
INTC	C	0.01%	0.21%	0.01%
INTU	B	0.01%	0.36%	0.01%
INVH	D	0.01%	0.04%	0.01%
IP	A	0.01%	0.04%	0.01%
IPG	F	0.01%	0.02%	0.01%
ITW	B	0.01%	0.15%	0.01%
JBHT	C	0.01%	0.03%	0.01%
JBL	C	0.01%	0.03%	0.01%
JCI	B	0.01%	0.11%	0.01%
JNJ	D	0.01%	0.71%	0.01%
JNPR	D	0.01%	0.02%	0.01%
JPM	A	0.01%	1.27%	0.01%
K	B	0.01%	0.04%	0.01%
KDP	D	0.01%	0.07%	0.01%
KEY	B	0.01%	0.03%	0.01%
KEYS	C	0.01%	0.05%	0.01%
KIM	A	0.01%	0.03%	0.01%
KLAC	F	0.01%	0.17%	0.01%
KMB	C	0.01%	0.09%	0.01%
KMI	A	0.01%	0.1%	0.01%
KO	D	0.01%	0.47%	0.01%
KR	B	0.01%	0.08%	0.01%
L	A	0.01%	0.03%	0.01%
LDOS	C	0.01%	0.05%	0.01%
LEN	D	0.01%	0.0%	0.0%
LEN	D	0.01%	0.08%	0.01%
LH	B	0.01%	0.04%	0.01%
LHX	B	0.01%	0.09%	0.01%
LII	B	0.01%	0.04%	0.01%
LIN	D	0.01%	0.42%	0.01%
LLY	F	0.01%	1.33%	0.01%
LMT	D	0.01%	0.23%	0.01%
LNT	A	0.01%	0.03%	0.01%
LOW	C	0.01%	0.29%	0.01%
LRCX	F	0.01%	0.19%	0.01%
LUV	B	0.01%	0.04%	0.01%
LVS	C	0.01%	0.04%	0.01%
LYB	F	0.01%	0.04%	0.01%
MA	B	0.01%	0.81%	0.01%
MAA	A	0.01%	0.04%	0.01%
MAR	B	0.01%	0.12%	0.01%
MAS	D	0.01%	0.03%	0.01%
MCD	D	0.01%	0.41%	0.01%
MCHP	F	0.01%	0.07%	0.01%
MCK	A	0.01%	0.15%	0.01%
MCO	D	0.01%	0.14%	0.01%
MDLZ	F	0.01%	0.17%	0.01%
MDT	D	0.01%	0.21%	0.01%
MET	A	0.01%	0.09%	0.01%
MKC	D	0.01%	0.04%	0.01%
MKL	A	0.01%	0.04%	0.01%
MLM	B	0.01%	0.07%	0.01%
MMC	D	0.01%	0.21%	0.01%
MMM	D	0.01%	0.14%	0.01%
MO	A	0.01%	0.17%	0.01%
MOS	D	0.01%	0.02%	0.01%
MPC	D	0.01%	0.1%	0.01%
MRK	F	0.01%	0.49%	0.01%
MRO	A	0.01%	0.03%	0.01%
MRVL	B	0.01%	0.15%	0.01%
MS	A	0.01%	0.31%	0.01%
MSFT	D	0.01%	5.93%	0.01%
MSI	B	0.01%	0.16%	0.01%
MTB	A	0.01%	0.07%	0.01%
MU	D	0.01%	0.23%	0.01%
NDAQ	A	0.01%	0.06%	0.01%
NEE	C	0.01%	0.3%	0.01%
NEM	D	0.01%	0.1%	0.01%
NI	A	0.01%	0.03%	0.01%
NKE	F	0.01%	0.17%	0.01%
NOC	D	0.01%	0.15%	0.01%
NOW	B	0.01%	0.39%	0.01%
NSC	B	0.01%	0.12%	0.01%
NTAP	C	0.01%	0.05%	0.01%
NTRS	A	0.01%	0.04%	0.01%
NUE	D	0.01%	0.07%	0.01%
NVDA	A	0.01%	6.61%	0.01%
NVR	D	0.01%	0.05%	0.01%
NVT	C	0.01%	0.02%	0.01%
NXPI	F	0.01%	0.11%	0.01%
O	C	0.01%	0.09%	0.01%
OC	A	0.01%	0.03%	0.01%
OKE	A	0.01%	0.12%	0.01%
OMC	C	0.01%	0.04%	0.01%
ORCL	A	0.01%	0.57%	0.01%
ORLY	B	0.01%	0.13%	0.01%
OTIS	C	0.01%	0.08%	0.01%
PCAR	B	0.01%	0.11%	0.01%
PCG	A	0.01%	0.08%	0.01%
PEG	C	0.01%	0.08%	0.01%
PEP	F	0.01%	0.43%	0.01%
PFE	F	0.01%	0.29%	0.01%
PFG	C	0.01%	0.04%	0.01%
PG	C	0.01%	0.75%	0.01%
PGR	B	0.01%	0.29%	0.01%
PH	B	0.01%	0.17%	0.01%
PHM	D	0.01%	0.05%	0.01%
PKG	B	0.01%	0.04%	0.01%
PLD	D	0.01%	0.2%	0.01%
PM	A	0.01%	0.37%	0.01%
PNC	B	0.01%	0.15%	0.01%
PNR	B	0.01%	0.03%	0.01%
PPG	F	0.01%	0.06%	0.01%
PPL	A	0.01%	0.05%	0.01%
PRU	B	0.01%	0.08%	0.01%
PSA	C	0.01%	0.1%	0.01%
PSX	C	0.01%	0.1%	0.01%
PWR	A	0.01%	0.09%	0.01%
PYPL	B	0.01%	0.16%	0.01%
QCOM	F	0.01%	0.36%	0.01%
QRVO	F	0.01%	0.01%	0.01%
REG	A	0.01%	0.02%	0.01%
REGN	F	0.01%	0.17%	0.01%
RF	A	0.01%	0.04%	0.01%
RGA	B	0.01%	0.03%	0.01%
RJF	A	0.01%	0.06%	0.01%
RNR	C	0.01%	0.03%	0.01%
ROK	B	0.01%	0.06%	0.01%
ROP	C	0.01%	0.11%	0.01%
ROST	D	0.01%	0.09%	0.01%
RPM	B	0.01%	0.03%	0.01%
RPRX	F	0.01%	0.02%	0.01%
RS	B	0.01%	0.03%	0.01%
RSG	A	0.01%	0.08%	0.01%
RTX	D	0.01%	0.31%	0.01%
SBUX	A	0.01%	0.21%	0.01%
SCHW	A	0.01%	0.2%	0.01%
SHW	C	0.01%	0.17%	0.01%
SJM	D	0.01%	0.02%	0.01%
SLB	C	0.01%	0.12%	0.01%
SNA	B	0.01%	0.04%	0.01%
SNX	D	0.01%	0.01%	0.01%
SO	C	0.01%	0.18%	0.01%
SPG	A	0.01%	0.1%	0.01%
SPGI	D	0.01%	0.3%	0.01%
SRE	A	0.01%	0.11%	0.01%
STE	D	0.01%	0.04%	0.01%
STLD	B	0.01%	0.04%	0.01%
STT	B	0.01%	0.05%	0.01%
STZ	D	0.01%	0.07%	0.01%
SUI	C	0.01%	0.03%	0.01%
SWK	F	0.01%	0.03%	0.01%
SWKS	F	0.01%	0.03%	0.01%
SYF	B	0.01%	0.05%	0.01%
SYK	A	0.01%	0.26%	0.01%
SYY	D	0.01%	0.07%	0.01%
T	A	0.01%	0.3%	0.01%
TAP	B	0.01%	0.02%	0.01%
TDY	B	0.01%	0.04%	0.01%
TEL	C	0.01%	0.09%	0.01%
TFC	A	0.01%	0.11%	0.01%
TGT	B	0.01%	0.13%	0.01%
TJX	A	0.01%	0.25%	0.01%
TMO	F	0.01%	0.4%	0.01%
TMUS	B	0.01%	0.22%	0.01%
TRMB	B	0.01%	0.03%	0.01%
TRV	A	0.01%	0.11%	0.01%
TSCO	D	0.01%	0.06%	0.01%
TSN	B	0.01%	0.03%	0.01%
TT	A	0.01%	0.17%	0.01%
TXN	C	0.01%	0.38%	0.01%
TXT	D	0.01%	0.03%	0.01%
UAL	A	0.01%	0.05%	0.01%
UDR	D	0.01%	0.03%	0.01%
UHS	D	0.01%	0.02%	0.01%
UNH	C	0.01%	1.07%	0.01%
UNM	A	0.01%	0.02%	0.01%
UNP	D	0.01%	0.28%	0.01%
UPS	C	0.01%	0.18%	0.01%
USB	B	0.01%	0.15%	0.01%
V	A	0.01%	0.97%	0.01%
VLO	C	0.01%	0.08%	0.01%
VMC	B	0.01%	0.07%	0.01%
VRSK	B	0.01%	0.08%	0.01%
VRSN	F	0.01%	0.03%	0.01%
VTR	A	0.01%	0.05%	0.01%
VTRS	A	0.01%	0.03%	0.01%
VZ	C	0.01%	0.32%	0.01%
WAB	B	0.01%	0.07%	0.01%
WBA	F	0.01%	0.01%	0.01%
WEC	A	0.01%	0.06%	0.01%
WELL	A	0.01%	0.16%	0.01%
WFC	A	0.01%	0.45%	0.01%
WLK	F	0.01%	0.01%	0.01%
WM	B	0.01%	0.15%	0.01%
WMB	A	0.01%	0.13%	0.01%
WMT	A	0.01%	0.69%	0.01%
WPC	C	0.01%	0.02%	0.01%
WRB	B	0.01%	0.03%	0.01%
WTRG	B	0.01%	0.02%	0.01%
WY	D	0.01%	0.04%	0.01%
XEL	A	0.01%	0.07%	0.01%
XOM	B	0.01%	1.01%	0.01%
XYL	D	0.01%	0.06%	0.01%
ZBH	C	0.01%	0.04%	0.01%
ZTS	D	0.01%	0.15%	0.01%

BND Overweight 169 Positions Relative to ILCB

Symbol	Grade	Weight
WIT	B	0.09%
LXP	D	0.01%
PAA	A	0.01%
NFG	A	0.01%
OSK	C	0.01%
ORI	A	0.01%
OCSL	F	0.01%
NYC	C	0.01%
NWE	C	0.01%
MCY	B	0.01%
PDM	D	0.01%
GSBD	F	0.01%
HUN	F	0.01%
HRB	D	0.01%
HPP	F	0.01%
INGR	B	0.01%
JBLU	F	0.01%
ET	A	0.01%
FSK	A	0.01%
CAF	C	0.01%
BWA	D	0.01%
FHN	A	0.01%
CUBE	C	0.01%
FAF	C	0.01%
DSS	F	0.01%
COKE	C	0.01%
AL	B	0.01%
AYI	B	0.01%
AWH	F	0.01%
CM	A	0.01%
AVA	C	0.01%
AER	B	0.01%
CHI	A	0.01%
BKH	A	0.01%
BIDU	F	0.01%
BHF	B	0.01%
BERY	D	0.01%
CP	F	0.01%
THG	A	0.01%
ZION	B	0.01%
TME	F	0.01%
NOV	D	0.01%
NNN	C	0.01%
OHI	C	0.01%
OGS	A	0.01%
OGE	A	0.01%
LEA	F	0.01%
MPLX	A	0.01%
IVZ	C	0.01%
JLL	D	0.01%
GL	C	0.01%
JHG	B	0.01%
JEF	A	0.01%
JD	D	0.01%
KMT	C	0.01%
KMPR	A	0.01%
GBDC	B	0.01%
WB	C	0.01%
UBS	B	0.01%
VNT	C	0.01%
WTFC	B	0.01%
R	B	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RL	C	0.01%
RIV	C	0.01%
SCS	B	0.01%
REXR	F	0.01%
SAVE	F	0.01%
SAFE	F	0.01%
SON	F	0.01%
SNV	B	0.01%
NHI	D	0.01%
NEU	D	0.01%
LNC	B	0.01%
MHK	D	0.01%
GP	F	0.01%
HR	C	0.01%
HP	C	0.01%
HOG	F	0.01%
HIW	D	0.01%
HAS	D	0.01%
H	B	0.01%
GXO	B	0.01%
ESGR	B	0.01%
EPRT	A	0.01%
EPR	D	0.01%
FRT	B	0.01%
BRX	A	0.01%
AAT	A	0.01%
AAP	D	0.01%
PECO	A	0.01%
EE	A	0.01%
DXC	D	0.01%
CTS	C	0.01%
FMC	D	0.01%
FLS	A	0.01%
FLO	D	0.01%
DOX	D	0.01%
BC	D	0.01%
COE	C	0.01%
AIZ	A	0.01%
CNO	B	0.01%
CNA	C	0.01%
AXS	A	0.01%
AVT	C	0.01%
CMA	B	0.01%
AGO	A	0.01%
CHRW	B	0.01%
CHH	A	0.01%
BMO	A	0.01%
ARW	F	0.01%
ADC	A	0.01%
ARCC	A	0.01%
CBT	C	0.01%
CBOE	C	0.01%
AN	D	0.01%
CACC	F	0.01%
BDN	C	0.01%
BCSF	A	0.01%
AMG	C	0.01%
AAL	B	0.01%
XRAY	D	0.01%
TKR	F	0.01%
OPI	F	0.01%
LEG	F	0.01%
LAZ	B	0.01%
MP	C	0.01%
KEX	B	0.01%
KSS	F	0.01%
KRG	A	0.01%
KRC	C	0.01%
KOF	F	0.01%
WBS	A	0.01%
TSLX	C	0.01%
SWX	A	0.01%
VOYA	B	0.01%
VNO	C	0.01%
VMI	B	0.01%
STLA	F	0.01%
WU	F	0.01%
WEST	C	0.01%
VFC	C	0.01%
WHR	B	0.01%
PNW	B	0.01%
RYN	D	0.01%
SIGI	B	0.01%
SF	B	0.01%
PSEC	D	0.01%
SBRA	B	0.01%
PRE	C	0.01%
MAIN	A	0.01%
RY	B	0.01%
SCCO	F	0.01%
BHP	F	0.01%
DB	D	0.01%
EDC	F	0.01%
GSK	F	0.01%
EPD	A	0.01%
BNS	A	0.01%
EQNR	D	0.01%
BABA	D	0.01%
VOD	D	0.01%
AZN	F	0.01%
NWG	B	0.01%
MUFG	A	0.01%
TD	D	0.01%
HSBC	A	0.01%

BND Underweight 237 Positions Relative to ILCB

Symbol	Grade	Weight
META	C	-2.44%
GOOG	B	-1.77%
TSLA	A	-1.68%
BRK.A	A	-1.57%
NFLX	A	-0.64%
AMD	F	-0.45%
ACN	C	-0.42%
ISRG	A	-0.36%
UBER	F	-0.27%
VRTX	D	-0.25%
PANW	B	-0.24%
BX	A	-0.24%
FI	A	-0.23%
PLTR	B	-0.22%
KKR	A	-0.19%
ANET	C	-0.19%
GEV	A	-0.18%
ELV	F	-0.18%
MELI	D	-0.17%
SNPS	C	-0.16%
CMG	C	-0.15%
TDG	D	-0.14%
CEG	C	-0.14%
CRWD	B	-0.14%
FCX	F	-0.13%
CRH	B	-0.13%
TTD	B	-0.11%
ABNB	D	-0.11%
FICO	A	-0.11%
URI	B	-0.11%
APP	A	-0.11%
HLT	A	-0.11%
RCL	A	-0.1%
DASH	A	-0.1%
COIN	A	-0.1%
WDAY	C	-0.1%
VRT	A	-0.09%
VST	A	-0.09%
HWM	A	-0.09%
MSCI	A	-0.09%
LNG	A	-0.09%
MSTR	A	-0.09%
FAST	B	-0.09%
PAYX	B	-0.09%
CPRT	B	-0.09%
IQV	F	-0.08%
CTSH	C	-0.08%
KVUE	A	-0.08%
CBRE	B	-0.08%
SQ	A	-0.08%
IR	B	-0.08%
IT	C	-0.08%
COR	B	-0.08%
TRGP	A	-0.08%
FERG	C	-0.08%
F	C	-0.08%
BKR	B	-0.08%
ODFL	B	-0.08%
AXON	A	-0.08%
AME	A	-0.08%
ALNY	D	-0.07%
VEEV	C	-0.07%
IRM	C	-0.07%
MPWR	F	-0.07%
IDXX	F	-0.07%
DDOG	A	-0.07%
RMD	C	-0.07%
TEAM	A	-0.07%
MNST	C	-0.07%
YUM	D	-0.07%
SNOW	C	-0.07%
TTWO	A	-0.06%
ANSS	B	-0.06%
ON	F	-0.06%
CSGP	F	-0.06%
CNC	F	-0.06%
OXY	F	-0.06%
ARES	A	-0.06%
VICI	C	-0.06%
GRMN	B	-0.06%
WTW	B	-0.06%
HUBS	A	-0.06%
GEHC	D	-0.06%
LULU	C	-0.06%
SBAC	D	-0.05%
CCL	A	-0.05%
EME	A	-0.05%
VLTO	C	-0.05%
CPAY	A	-0.05%
TROW	B	-0.05%
SW	A	-0.05%
TYL	B	-0.05%
CDW	F	-0.05%
DECK	B	-0.05%
FCNCA	A	-0.05%
TPL	A	-0.05%
RBLX	B	-0.05%
NET	B	-0.05%
DXCM	C	-0.05%
MTD	F	-0.05%
CPNG	D	-0.05%
KHC	F	-0.05%
ULTA	F	-0.04%
EXE	A	-0.04%
J	D	-0.04%
WSO	A	-0.04%
BALL	D	-0.04%
MOH	F	-0.04%
DKNG	B	-0.04%
ZM	B	-0.04%
FSLR	D	-0.04%
NRG	B	-0.04%
ZBRA	B	-0.04%
WBD	B	-0.04%
TRU	D	-0.04%
MDB	C	-0.04%
STX	D	-0.04%
BLDR	D	-0.04%
WDC	F	-0.04%
WAT	C	-0.04%
PTC	B	-0.04%
EQT	A	-0.04%
BAH	D	-0.04%
LPLA	A	-0.04%
WST	D	-0.04%
GDDY	A	-0.04%
CLH	C	-0.03%
PFGC	B	-0.03%
NDSN	D	-0.03%
AKAM	F	-0.03%
INCY	C	-0.03%
FFIV	B	-0.03%
POOL	D	-0.03%
SAIA	C	-0.03%
GGG	B	-0.03%
ROL	B	-0.03%
RVTY	D	-0.03%
ACM	B	-0.03%
TW	A	-0.03%
AVTR	F	-0.03%
USFD	A	-0.03%
TWLO	A	-0.03%
CASY	A	-0.03%
HOOD	A	-0.03%
WSM	D	-0.03%
MRNA	F	-0.03%
UTHR	C	-0.03%
HEI	A	-0.03%
ENTG	F	-0.03%
THC	C	-0.03%
DOCU	A	-0.03%
TOL	B	-0.03%
PSTG	F	-0.03%
DPZ	C	-0.03%
SSNC	C	-0.03%
ALGN	D	-0.03%
NTRA	A	-0.03%
FIX	A	-0.03%
BURL	A	-0.03%
EXPD	D	-0.03%
GEN	B	-0.03%
FWONK	B	-0.03%
NTNX	B	-0.03%
TER	F	-0.03%
MANH	D	-0.03%
PINS	F	-0.03%
XPO	B	-0.03%
ZS	B	-0.03%
IBKR	A	-0.03%
FDS	B	-0.03%
HOLX	D	-0.03%
LYV	A	-0.03%
CTRA	B	-0.03%
PODD	B	-0.03%
APA	F	-0.02%
WYNN	D	-0.02%
MGM	D	-0.02%
AR	B	-0.02%
AOS	F	-0.02%
ENPH	F	-0.02%
MEDP	D	-0.02%
TFX	F	-0.02%
EXAS	D	-0.02%
MORN	B	-0.02%
WMS	F	-0.02%
WING	D	-0.02%
SOLV	F	-0.02%
LKQ	F	-0.02%
FND	F	-0.02%
CHDN	C	-0.02%
ERIE	F	-0.02%
HEI	A	-0.02%
CRL	D	-0.02%
SRPT	F	-0.02%
BJ	B	-0.02%
NWSA	B	-0.02%
PAYC	B	-0.02%
CCK	D	-0.02%
CG	B	-0.02%
OVV	C	-0.02%
LW	C	-0.02%
RRX	B	-0.02%
TECH	F	-0.02%
KMX	D	-0.02%
DKS	D	-0.02%
BLD	F	-0.02%
SMCI	F	-0.02%
TTEK	F	-0.02%
LECO	C	-0.02%
OKTA	D	-0.02%
BMRN	F	-0.02%
DAY	B	-0.02%
ELS	B	-0.02%
SCI	A	-0.02%
NBIX	C	-0.02%
SNAP	D	-0.02%
JKHY	D	-0.02%
EPAM	C	-0.02%
COTY	F	-0.01%
PAG	B	-0.01%
NWS	B	-0.01%
CELH	F	-0.01%
BRKR	F	-0.01%
FOX	A	-0.01%
U	F	-0.01%
PCOR	C	-0.01%
SIRI	D	-0.01%
BSY	D	-0.01%
UHAL	D	-0.01%
AZPN	A	-0.01%
DINO	D	-0.01%
DVA	C	-0.01%
ACI	C	-0.01%
CNM	C	-0.01%
UHAL	D	-0.0%
FWONA	B	-0.0%
ALAB	A	-0.0%