DTD vs. DIVB ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to iShares U.S. Dividend and Buyback ETF (DIVB)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.01

Average Daily Volume

23,147

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$49.82

Average Daily Volume

83,601

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	DTD	DIVB
30 Days	1.38%	0.95%
60 Days	5.70%	6.02%
90 Days	8.06%	10.08%
12 Months	31.57%	35.44%

362 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in DIVB	Overlap
	ABBV	D	2.32%	1.34%	1.34%
	ABM	B	0.01%	0.02%	0.01%
	ABT	C	0.42%	0.55%	0.42%
	ACI	C	0.04%	0.02%	0.02%
	ACT	C	0.03%	0.0%	0.0%
	ADP	A	0.34%	0.37%	0.34%
	AEE	A	0.11%	0.04%	0.04%
	AEO	F	0.01%	0.02%	0.01%
	AEP	D	0.24%	0.11%	0.11%
	AFG	A	0.03%	0.03%	0.03%
	AFL	C	0.25%	0.37%	0.25%
	AIG	B	0.13%	0.58%	0.13%
	AIZ	A	0.03%	0.04%	0.03%
	ALE	A	0.03%	0.02%	0.02%
	ALL	A	0.15%	0.18%	0.15%
	ALLY	C	0.05%	0.07%	0.05%
	AM	B	0.07%	0.03%	0.03%
	AMGN	F	0.59%	0.48%	0.48%
	AMH	C	0.02%	0.01%	0.01%
	AMP	A	0.14%	0.35%	0.14%
	AMT	F	0.27%	0.29%	0.27%
	AOS	F	0.03%	0.05%	0.03%
	APA	F	0.02%	0.08%	0.02%
	APD	B	0.19%	0.18%	0.18%
	ARES	B	0.1%	0.06%	0.06%
	AROC	B	0.03%	0.01%	0.01%
	ASB	B	0.03%	0.02%	0.02%
	ASH	F	0.01%	0.03%	0.01%
	AVA	C	0.03%	0.0%	0.0%
	AVB	A	0.16%	0.07%	0.07%
	AVNT	B	0.02%	0.01%	0.01%
	AVT	C	0.03%	0.18%	0.03%
	AWK	D	0.06%	0.06%	0.06%
	AWR	B	0.03%	0.01%	0.01%
	BAC	A	1.19%	1.36%	1.19%
	BBY	D	0.1%	0.12%	0.1%
	BC	C	0.02%	0.05%	0.02%
	BEN	C	0.06%	0.05%	0.05%
	BERY	C	0.02%	0.05%	0.02%
	BK	B	0.23%	0.41%	0.23%
	BKH	B	0.04%	0.01%	0.01%
	BKR	B	0.12%	0.14%	0.12%
	BMY	B	0.54%	1.06%	0.54%
	BOKF	B	0.03%	0.01%	0.01%
	BPOP	C	0.03%	0.03%	0.03%
	BRX	A	0.04%	0.03%	0.03%
	BTU	B	0.01%	0.03%	0.01%
	BX	A	0.38%	0.38%	0.38%
	BYD	A	0.02%	0.05%	0.02%
	C	A	0.62%	0.64%	0.62%
	CADE	B	0.02%	0.0%	0.0%
	CAG	F	0.07%	0.07%	0.07%
	CAH	A	0.06%	0.19%	0.06%
	CAT	C	0.48%	1.11%	0.48%
	CATY	B	0.03%	0.01%	0.01%
	CBSH	A	0.02%	0.03%	0.02%
	CC	C	0.01%	0.04%	0.01%
	CCI	F	0.23%	0.26%	0.23%
	CCOI	C	0.03%	0.03%	0.03%
	CF	B	0.04%	0.16%	0.04%
	CFR	B	0.04%	0.03%	0.03%
	CG	C	0.08%	0.07%	0.07%
	CHH	B	0.01%	0.04%	0.01%
	CHRD	F	0.04%	0.07%	0.04%
	CHRW	A	0.04%	0.09%	0.04%
	CI	D	0.2%	0.69%	0.2%
	CINF	A	0.08%	0.08%	0.08%
	CIVI	F	0.04%	0.04%	0.04%
	CL	F	0.3%	0.27%	0.27%
	CLX	A	0.07%	0.06%	0.06%
	CMA	A	0.06%	0.04%	0.04%
	CME	A	0.18%	0.35%	0.18%
	CMI	A	0.16%	0.12%	0.12%
	CMS	C	0.07%	0.04%	0.04%
	CNO	B	0.03%	0.02%	0.02%
	CNP	B	0.05%	0.06%	0.05%
	CNS	C	0.03%	0.01%	0.01%
	CNXC	F	0.01%	0.04%	0.01%
	COF	B	0.16%	0.19%	0.16%
	COLB	B	0.03%	0.04%	0.03%
	COLD	F	0.01%	0.02%	0.01%
	COP	C	0.32%	0.84%	0.32%
	CPB	F	0.05%	0.03%	0.03%
	CPT	C	0.03%	0.05%	0.03%
	CRC	B	0.02%	0.02%	0.02%
	CSCO	A	1.27%	5.38%	1.27%
	CSX	B	0.1%	0.44%	0.1%
	CTSH	A	0.08%	0.85%	0.08%
	CUBE	D	0.06%	0.04%	0.04%
	CVI	F	0.01%	0.0%	0.0%
	CVS	F	0.26%	0.67%	0.26%
	CVX	B	1.49%	2.11%	1.49%
	CWEN	D	0.01%	0.01%	0.01%
	CWEN	D	0.02%	0.01%	0.01%
	CWEN	D	0.01%	0.01%	0.01%
	CWEN	D	0.02%	0.01%	0.01%
	D	D	0.32%	0.14%	0.14%
	DE	D	0.19%	0.72%	0.19%
	DFS	B	0.13%	0.27%	0.13%
	DGX	A	0.04%	0.08%	0.04%
	DKS	F	0.04%	0.07%	0.04%
	DLB	C	0.01%	0.04%	0.01%
	DNB	B	0.01%	0.01%	0.01%
	DOW	F	0.21%	0.27%	0.21%
	DRI	B	0.11%	0.11%	0.11%
	DTE	D	0.09%	0.02%	0.02%
	DTM	B	0.05%	0.03%	0.03%
	DUK	D	0.39%	0.32%	0.32%
	EBAY	C	0.09%	0.23%	0.09%
	ED	D	0.19%	0.16%	0.16%
	EIX	C	0.15%	0.12%	0.12%
	ELS	C	0.02%	0.03%	0.02%
	EMN	D	0.05%	0.07%	0.05%
	EMR	A	0.19%	0.31%	0.19%
	EOG	A	0.39%	0.27%	0.27%
	EPR	D	0.02%	0.03%	0.02%
	EQH	B	0.05%	0.02%	0.02%
	EQR	C	0.1%	0.1%	0.1%
	ES	D	0.11%	0.08%	0.08%
	ESS	C	0.05%	0.07%	0.05%
	ETR	B	0.22%	0.05%	0.05%
	EVR	B	0.05%	0.06%	0.05%
	EVRG	A	0.08%	0.06%	0.06%
	EWBC	B	0.06%	0.06%	0.06%
	EXC	C	0.15%	0.15%	0.15%
	EXPD	D	0.03%	0.16%	0.03%
	EXR	D	0.15%	0.12%	0.12%
	FAF	C	0.03%	0.03%	0.03%
	FANG	D	0.09%	0.23%	0.09%
	FAST	A	0.18%	0.11%	0.11%
	FDX	B	0.15%	0.29%	0.15%
	FE	D	0.11%	0.08%	0.08%
	FFIN	B	0.01%	0.01%	0.01%
	FHB	B	0.04%	0.02%	0.02%
	FIS	B	0.2%	1.88%	0.2%
	FITB	A	0.15%	0.13%	0.13%
	FLO	F	0.03%	0.02%	0.02%
	FNB	A	0.04%	0.02%	0.02%
	FNF	C	0.07%	0.06%	0.06%
	FR	C	0.01%	0.02%	0.01%
	FRT	C	0.04%	0.03%	0.03%
	GAP	B	0.03%	0.02%	0.02%
	GBCI	B	0.02%	0.02%	0.02%
	GEF	A	0.02%	0.0%	0.0%
	GEF	A	0.02%	0.01%	0.01%
	GEN	A	0.05%	0.54%	0.05%
	GILD	C	0.5%	0.55%	0.5%
	GIS	F	0.16%	0.29%	0.16%
	GLPI	D	0.06%	0.03%	0.03%
	GLW	C	0.17%	0.54%	0.17%
	GOLF	B	0.01%	0.02%	0.01%
	GPC	D	0.06%	0.07%	0.06%
	GPN	B	0.03%	0.18%	0.03%
	GS	B	0.67%	1.24%	0.67%
	HBAN	B	0.13%	0.11%	0.11%
	HD	B	1.74%	1.58%	1.58%
	HI	C	0.01%	0.01%	0.01%
	HIG	C	0.13%	0.21%	0.13%
	HII	D	0.02%	0.02%	0.02%
	HOG	F	0.01%	0.04%	0.01%
	HOMB	A	0.03%	0.03%	0.03%
	HON	B	0.49%	0.61%	0.49%
	HP	C	0.01%	0.03%	0.01%
	HPE	B	0.08%	0.71%	0.08%
	HPQ	B	0.15%	1.27%	0.15%
	HRB	D	0.05%	0.07%	0.05%
	HRI	B	0.02%	0.03%	0.02%
	HRL	F	0.07%	0.03%	0.03%
	HST	C	0.04%	0.07%	0.04%
	HSY	D	0.07%	0.11%	0.07%
	HWC	B	0.02%	0.01%	0.01%
	IBM	C	1.22%	3.57%	1.22%
	IBOC	B	0.02%	0.01%	0.01%
	IDA	A	0.02%	0.02%	0.02%
	IIPR	F	0.01%	0.02%	0.01%
	INGR	B	0.05%	0.04%	0.04%
	INVH	D	0.04%	0.06%	0.04%
	IP	C	0.11%	0.13%	0.11%
	IPAR	B	0.02%	0.01%	0.01%
	IPG	F	0.06%	0.11%	0.06%
	IRDM	C	0.01%	0.05%	0.01%
	IRM	D	0.12%	0.09%	0.09%
	ITW	A	0.31%	0.36%	0.31%
	JEF	A	0.06%	0.04%	0.04%
	JNJ	D	1.88%	1.46%	1.46%
	JNPR	D	0.05%	0.27%	0.05%
	JPM	B	3.03%	2.49%	2.49%
	JWN	B	0.03%	0.01%	0.01%
	K	A	0.13%	0.06%	0.06%
	KBH	D	0.03%	0.04%	0.03%
	KDP	D	0.14%	0.16%	0.14%
	KHC	F	0.21%	0.18%	0.18%
	KIM	A	0.05%	0.07%	0.05%
	KMB	F	0.26%	0.18%	0.18%
	KMPR	A	0.01%	0.01%	0.01%
	KO	F	1.41%	0.8%	0.8%
	KR	A	0.16%	0.09%	0.09%
	KRC	C	0.01%	0.03%	0.01%
	KTB	B	0.02%	0.02%	0.02%
	LAMR	D	0.06%	0.05%	0.05%
	LCII	C	0.02%	0.01%	0.01%
	LEA	F	0.01%	0.04%	0.01%
	LH	A	0.03%	0.12%	0.03%
	LHX	A	0.12%	0.17%	0.12%
	LKQ	D	0.03%	0.07%	0.03%
	LMT	C	0.44%	0.86%	0.44%
	LNT	C	0.06%	0.04%	0.04%
	LOW	B	0.56%	1.08%	0.56%
	LPX	B	0.02%	0.03%	0.02%
	LUV	B	0.06%	0.05%	0.05%
	LXP	C	0.01%	0.01%	0.01%
	M	D	0.02%	0.02%	0.02%
	MAA	C	0.06%	0.07%	0.06%
	MAC	B	0.0%	0.02%	0.0%
	MAN	F	0.01%	0.03%	0.01%
	MAS	D	0.05%	0.06%	0.05%
	MC	B	0.03%	0.02%	0.02%
	MCD	C	0.82%	0.83%	0.82%
	MCHP	F	0.08%	0.94%	0.08%
	MCY	B	0.02%	0.01%	0.01%
	MDLZ	F	0.37%	0.37%	0.37%
	MDU	F	0.02%	0.01%	0.01%
	MET	C	0.22%	0.45%	0.22%
	MGEE	A	0.01%	0.01%	0.01%
	MGY	B	0.02%	0.03%	0.02%
	MKC	D	0.06%	0.04%	0.04%
	MRK	F	0.81%	0.79%	0.79%
	MRO	B	0.04%	0.14%	0.04%
	MS	A	1.0%	1.23%	1.0%
	MSM	B	0.03%	0.04%	0.03%
	MTB	B	0.15%	0.22%	0.15%
	MTG	C	0.04%	0.05%	0.04%
	MUR	F	0.02%	0.02%	0.02%
	NEU	C	0.02%	0.02%	0.02%
	NFG	C	0.03%	0.02%	0.02%
	NI	A	0.06%	0.04%	0.04%
	NJR	A	0.02%	0.01%	0.01%
	NKE	F	0.14%	0.68%	0.14%
	NNN	F	0.04%	0.03%	0.03%
	NOC	C	0.14%	0.33%	0.14%
	NRG	B	0.08%	0.13%	0.08%
	NSC	B	0.16%	0.24%	0.16%
	NSP	F	0.01%	0.02%	0.01%
	NTAP	D	0.09%	0.73%	0.09%
	NTRS	A	0.09%	0.12%	0.09%
	NUE	C	0.06%	0.28%	0.06%
	OGE	B	0.06%	0.04%	0.04%
	OGN	F	0.03%	0.02%	0.02%
	OGS	A	0.03%	0.01%	0.01%
	OKE	A	0.36%	0.2%	0.2%
	OMC	B	0.08%	0.16%	0.08%
	OMF	A	0.05%	0.07%	0.05%
	ONB	B	0.02%	0.02%	0.02%
	ORI	A	0.07%	0.1%	0.07%
	OTTR	C	0.02%	0.01%	0.01%
	OVV	C	0.04%	0.08%	0.04%
	OWL	B	0.05%	0.05%	0.05%
	OZK	B	0.03%	0.03%	0.03%
	PAG	B	0.03%	0.03%	0.03%
	PAYX	B	0.25%	0.14%	0.14%
	PB	B	0.03%	0.03%	0.03%
	PBF	F	0.01%	0.04%	0.01%
	PCH	F	0.01%	0.02%	0.01%
	PEG	C	0.25%	0.12%	0.12%
	PEP	D	1.12%	0.81%	0.81%
	PFG	C	0.09%	0.17%	0.09%
	PG	C	1.58%	1.52%	1.52%
	PII	F	0.02%	0.04%	0.02%
	PKG	B	0.11%	0.09%	0.09%
	PLD	D	0.33%	0.31%	0.31%
	PM	C	1.15%	0.88%	0.88%
	PNC	B	0.38%	0.43%	0.38%
	PNM	B	0.03%	0.01%	0.01%
	PNW	B	0.07%	0.04%	0.04%
	PPG	F	0.08%	0.09%	0.08%
	PPL	A	0.09%	0.08%	0.08%
	PR	C	0.02%	0.05%	0.02%
	PRU	B	0.24%	0.34%	0.24%
	PSA	C	0.25%	0.19%	0.19%
	PSX	D	0.2%	0.42%	0.2%
	PTEN	C	0.01%	0.03%	0.01%
	R	A	0.03%	0.06%	0.03%
	RDN	C	0.04%	0.04%	0.04%
	REG	A	0.02%	0.06%	0.02%
	REYN	D	0.02%	0.0%	0.0%
	RF	B	0.15%	0.13%	0.13%
	RHI	B	0.02%	0.06%	0.02%
	RHP	B	0.02%	0.03%	0.02%
	RL	B	0.04%	0.07%	0.04%
	ROK	B	0.06%	0.11%	0.06%
	RRR	F	0.01%	0.01%	0.01%
	RTX	C	0.54%	1.06%	0.54%
	RUSHA	B	0.03%	0.02%	0.02%
	SBRA	C	0.02%	0.03%	0.02%
	SBUX	B	0.3%	0.37%	0.3%
	SCI	B	0.03%	0.07%	0.03%
	SEE	C	0.01%	0.01%	0.01%
	SF	B	0.03%	0.06%	0.03%
	SHOO	D	0.02%	0.02%	0.02%
	SIRI	D	0.03%	0.02%	0.02%
	SJM	F	0.05%	0.08%	0.05%
	SKT	B	0.01%	0.01%	0.01%
	SLG	C	0.02%	0.02%	0.02%
	SMG	D	0.03%	0.02%	0.02%
	SNA	A	0.08%	0.08%	0.08%
	SNV	B	0.04%	0.04%	0.04%
	SO	D	0.41%	0.23%	0.23%
	SON	D	0.03%	0.02%	0.02%
	SPG	B	0.39%	0.3%	0.3%
	SRE	A	0.2%	0.16%	0.16%
	SSB	B	0.02%	0.02%	0.02%
	STAG	D	0.02%	0.02%	0.02%
	STLD	B	0.05%	0.21%	0.05%
	SW	C	0.05%	0.13%	0.05%
	SWK	F	0.06%	0.05%	0.05%
	SWKS	F	0.04%	0.31%	0.04%
	SXT	B	0.01%	0.01%	0.01%
	SYY	B	0.18%	0.2%	0.18%
	TAP	B	0.04%	0.06%	0.04%
	TFSL	A	0.03%	0.01%	0.01%
	TGT	C	0.24%	0.24%	0.24%
	THG	A	0.01%	0.02%	0.01%
	THO	B	0.02%	0.02%	0.02%
	TPR	B	0.06%	0.08%	0.06%
	TRGP	B	0.1%	0.11%	0.1%
	TROW	B	0.13%	0.18%	0.13%
	TRV	B	0.14%	0.26%	0.14%
	TSN	C	0.07%	0.08%	0.07%
	TXN	C	0.69%	3.04%	0.69%
	UBSI	B	0.02%	0.02%	0.02%
	UCB	B	0.01%	0.01%	0.01%
	UDR	C	0.05%	0.02%	0.02%
	UGI	D	0.03%	0.03%	0.03%
	UNM	A	0.06%	0.06%	0.06%
	UNP	C	0.37%	0.49%	0.37%
	UPS	C	0.44%	0.73%	0.44%
	USB	A	0.41%	0.3%	0.3%
	VCTR	B	0.03%	0.02%	0.02%
	VICI	D	0.25%	0.05%	0.05%
	VLY	B	0.04%	0.03%	0.03%
	VOYA	B	0.02%	0.06%	0.02%
	VSH	F	0.01%	0.06%	0.01%
	VTR	C	0.08%	0.04%	0.04%
	VTRS	B	0.09%	0.09%	0.09%
	WAL	B	0.03%	0.02%	0.02%
	WBS	A	0.05%	0.05%	0.05%
	WD	D	0.01%	0.01%	0.01%
	WEC	B	0.11%	0.11%	0.11%
	WEN	C	0.03%	0.03%	0.03%
	WFC	A	0.86%	2.18%	0.86%
	WH	A	0.02%	0.07%	0.02%
	WMB	B	0.35%	0.22%	0.22%
	WMG	B	0.01%	0.02%	0.01%
	WPC	F	0.06%	0.06%	0.06%
	WSO	A	0.06%	0.03%	0.03%
	WTRG	C	0.03%	0.01%	0.01%
	WY	F	0.05%	0.09%	0.05%
	XEL	A	0.21%	0.1%	0.1%
	XOM	B	2.47%	2.94%	2.47%
	XRAY	F	0.01%	0.04%	0.01%
	YUM	B	0.11%	0.12%	0.11%
	ZION	B	0.04%	0.04%	0.04%

DTD Overweight 451 Positions Relative to DIVB

	Symbol	Grade	Weight
	AAPL	C	3.06%
	MSFT	C	2.78%
	AVGO	C	2.53%
	NVDA	B	2.42%
	WMT	A	1.58%
	UNH	B	1.24%
	META	B	0.94%
	GOOGL	B	0.88%
	CMCSA	B	0.88%
	ORCL	A	0.73%
	TMUS	A	0.73%
	MO	A	0.68%
	V	A	0.66%
	LLY	F	0.62%
	GOOG	B	0.57%
	QCOM	F	0.45%
	MA	B	0.44%
	COST	B	0.43%
	TJX	B	0.34%
	AXP	B	0.32%
	BKNG	A	0.3%
	PCAR	B	0.28%
	O	D	0.25%
	MMC	C	0.25%
	ADI	F	0.23%
	CRM	B	0.23%
	SYK	A	0.23%
	WM	A	0.23%
	MPC	D	0.22%
	ICE	D	0.21%
	SCHW	A	0.21%
	GD	A	0.2%
	APO	B	0.2%
	WELL	B	0.19%
	KVUE	B	0.19%
	PH	A	0.19%
	DLR	C	0.18%
	TMO	F	0.17%
	VST	B	0.17%
	GE	C	0.16%
	SPGI	C	0.16%
	VLO	D	0.16%
	DIS	B	0.16%
	INTU	A	0.16%
	EQIX	B	0.16%
	MSI	B	0.15%
	CTAS	A	0.15%
	DHR	F	0.15%
	AMAT	F	0.15%
	APH	B	0.15%
	ELV	F	0.14%
	MAR	A	0.14%
	LRCX	F	0.13%
	STT	B	0.13%
	KKR	B	0.13%
	ZTS	D	0.12%
	ECL	C	0.12%
	PGR	A	0.12%
	SHW	A	0.12%
	KLAC	F	0.11%
	STZ	D	0.11%
	HCA	D	0.11%
	BDX	D	0.11%
	CARR	C	0.1%
	ATO	A	0.1%
	RSG	A	0.1%
	GWW	B	0.1%
	CRBG	C	0.1%
	GM	A	0.1%
	MCO	C	0.1%
	OTIS	C	0.1%
	CEG	D	0.09%
	DD	D	0.09%
	SYF	B	0.09%
	MU	D	0.09%
	ARE	F	0.08%
	ADM	F	0.08%
	URI	B	0.08%
	LNG	B	0.08%
	TSCO	C	0.08%
	LVS	C	0.08%
	LEN	D	0.07%
	DHI	F	0.07%
	DELL	B	0.07%
	NDAQ	A	0.07%
	AJG	A	0.07%
	WRB	B	0.07%
	EQT	B	0.07%
	BR	A	0.07%
	OXY	D	0.07%
	COR	A	0.07%
	MCK	A	0.07%
	HLT	A	0.06%
	WSM	F	0.06%
	DOV	A	0.06%
	JXN	B	0.06%
	TXRH	A	0.06%
	RJF	A	0.06%
	RGA	A	0.06%
	ROST	F	0.06%
	HES	C	0.06%
	AME	A	0.05%
	RMD	C	0.05%
	LNC	B	0.05%
	LII	B	0.05%
	DAL	A	0.05%
	VMC	B	0.05%
	IR	A	0.05%
	CBOE	D	0.05%
	FOX	A	0.05%
	HAL	C	0.05%
	HUBB	B	0.05%
	PHM	D	0.05%
	RS	B	0.05%
	MSCI	B	0.05%
	ROP	A	0.05%
	CNA	C	0.05%
	A	F	0.04%
	WAB	A	0.04%
	RPM	A	0.04%
	OC	A	0.04%
	ERIE	F	0.04%
	MLI	B	0.04%
	CDW	F	0.04%
	BRO	A	0.04%
	CSL	B	0.04%
	EA	A	0.04%
	HLI	B	0.04%
	TPL	B	0.04%
	NWE	C	0.04%
	ITT	A	0.04%
	HWM	A	0.04%
	ROL	B	0.04%
	XYL	D	0.04%
	CHD	B	0.04%
	BAH	C	0.04%
	ODFL	B	0.04%
	UI	B	0.04%
	PWR	B	0.04%
	LDOS	B	0.04%
	MLM	B	0.04%
	SASR	A	0.03%
	TNL	A	0.03%
	ATR	A	0.03%
	POOL	D	0.03%
	TMP	B	0.03%
	SAIC	C	0.03%
	NWSA	B	0.03%
	BANF	B	0.03%
	WLK	F	0.03%
	OFG	B	0.03%
	WST	B	0.03%
	SR	C	0.03%
	AUB	B	0.03%
	EHC	A	0.03%
	BWXT	A	0.03%
	FCNCA	B	0.03%
	GPK	D	0.03%
	HLNE	B	0.03%
	DCI	A	0.03%
	AVY	F	0.03%
	CBT	C	0.03%
	WSBC	B	0.03%
	POR	D	0.03%
	NXST	C	0.03%
	PATK	D	0.03%
	DPZ	C	0.03%
	FBP	B	0.03%
	DINO	D	0.03%
	EFX	D	0.03%
	WU	F	0.03%
	SUI	D	0.03%
	MTN	D	0.03%
	HUM	D	0.03%
	HEI	B	0.03%
	BALL	D	0.03%
	FLS	B	0.03%
	FIBK	B	0.03%
	SFNC	B	0.03%
	VRT	B	0.03%
	PRI	A	0.03%
	MPWR	F	0.03%
	BANR	B	0.03%
	PFS	B	0.03%
	GEHC	F	0.03%
	ALSN	A	0.03%
	AIT	A	0.03%
	LECO	C	0.03%
	PCG	A	0.03%
	VRSK	A	0.03%
	SSNC	C	0.03%
	ZWS	B	0.02%
	TTEK	C	0.02%
	HTH	B	0.02%
	UMBF	B	0.02%
	HTLF	B	0.02%
	CRI	D	0.02%
	FRME	B	0.02%
	TER	F	0.02%
	SSD	D	0.02%
	UVSP	B	0.02%
	IOSP	B	0.02%
	BANC	B	0.02%
	SNX	C	0.02%
	POWL	B	0.02%
	SPB	B	0.02%
	SYBT	B	0.02%
	WAFD	B	0.02%
	STEP	B	0.02%
	RNST	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	TKO	D	0.02%
	VAC	B	0.02%
	BKE	A	0.02%
	SLVM	C	0.02%
	UPBD	B	0.02%
	KFY	B	0.02%
	SEM	B	0.02%
	WSFS	B	0.02%
	AL	B	0.02%
	NSA	D	0.02%
	MRTN	B	0.02%
	BNL	D	0.02%
	ACM	B	0.02%
	WMS	F	0.02%
	BFH	B	0.02%
	IBTX	B	0.02%
	IBKR	A	0.02%
	SEIC	A	0.02%
	STC	C	0.02%
	BRC	A	0.02%
	TDS	B	0.02%
	HUN	F	0.02%
	GNTX	C	0.02%
	LAD	B	0.02%
	NYT	C	0.02%
	JBL	C	0.02%
	APOG	B	0.02%
	BWA	B	0.02%
	FCPT	C	0.02%
	VIRT	B	0.02%
	CCS	F	0.02%
	WWD	B	0.02%
	NDSN	B	0.02%
	TXT	C	0.02%
	LW	C	0.02%
	MATX	A	0.02%
	ADTN	B	0.02%
	HNI	B	0.02%
	FCF	B	0.02%
	OSK	B	0.02%
	PINC	A	0.02%
	BRKL	B	0.02%
	CAKE	B	0.02%
	NBHC	B	0.02%
	MWA	B	0.02%
	PEBO	B	0.02%
	CMC	B	0.02%
	MOS	D	0.02%
	VRTS	B	0.02%
	FFBC	B	0.02%
	UHS	D	0.02%
	OCFC	B	0.02%
	EXP	B	0.02%
	TRMK	B	0.02%
	HAFC	B	0.02%
	KMT	B	0.02%
	BBWI	C	0.02%
	RRX	C	0.02%
	LSTR	B	0.02%
	FULT	B	0.02%
	GTY	B	0.02%
	IDCC	B	0.02%
	SLM	B	0.02%
	CVBF	B	0.02%
	KNTK	B	0.02%
	BUSE	B	0.02%
	SWX	B	0.02%
	FBIN	F	0.02%
	RGLD	C	0.02%
	TTC	F	0.02%
	JBHT	B	0.02%
	STBA	B	0.02%
	LANC	C	0.02%
	ALB	B	0.02%
	FDS	A	0.02%
	TW	C	0.02%
	JKHY	C	0.02%
	CBU	B	0.02%
	J	B	0.02%
	CASY	B	0.02%
	UFPI	B	0.02%
	ZBH	C	0.02%
	TRST	B	0.02%
	ESI	B	0.02%
	PRGS	A	0.02%
	SBAC	D	0.02%
	TPG	B	0.02%
	TRN	B	0.02%
	TKR	F	0.02%
	NOG	B	0.02%
	GGG	B	0.02%
	IEX	B	0.02%
	FBMS	B	0.02%
	LPLA	B	0.02%
	QCRH	B	0.02%
	AWI	B	0.02%
	FTV	D	0.02%
	CE	F	0.02%
	CHCO	B	0.01%
	DAN	D	0.01%
	DK	D	0.01%
	LZB	C	0.01%
	AESI	C	0.01%
	COKE	C	0.01%
	CABO	B	0.01%
	BMI	B	0.01%
	IBP	F	0.01%
	GES	F	0.01%
	TEX	D	0.01%
	MLKN	D	0.01%
	PRDO	B	0.01%
	OXM	D	0.01%
	WOR	F	0.01%
	TOL	C	0.01%
	ENS	D	0.01%
	MUSA	B	0.01%
	KNSL	C	0.01%
	SCL	C	0.01%
	SCS	C	0.01%
	WINA	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	BRKR	F	0.01%
	LBRT	F	0.01%
	CHE	D	0.01%
	DLX	A	0.01%
	GBX	A	0.01%
	MCRI	A	0.01%
	PBI	C	0.01%
	AGM	B	0.01%
	DIN	C	0.01%
	GRNT	B	0.01%
	GL	B	0.01%
	OLED	F	0.01%
	XRX	F	0.01%
	SLGN	A	0.01%
	WKC	D	0.01%
	ORA	C	0.01%
	BLMN	F	0.01%
	AMKR	F	0.01%
	SFBS	B	0.01%
	COLM	B	0.01%
	RGP	D	0.01%
	AAON	B	0.01%
	HEES	B	0.01%
	EGP	C	0.01%
	CXT	D	0.01%
	PTVE	C	0.01%
	SEB	D	0.01%
	ENR	B	0.01%
	NAVI	D	0.01%
	JJSF	B	0.01%
	RLI	A	0.01%
	KRO	D	0.01%
	MTDR	C	0.01%
	UVV	B	0.01%
	KALU	B	0.01%
	SAFT	B	0.01%
	LEG	F	0.01%
	WCC	B	0.01%
	UTZ	F	0.01%
	MKTX	C	0.01%
	PDCO	F	0.01%
	CHDN	C	0.01%
	AZZ	B	0.01%
	MORN	B	0.01%
	SIGI	B	0.01%
	X	C	0.01%
	CRGY	B	0.01%
	AMSF	A	0.01%
	WERN	B	0.01%
	FIX	B	0.01%
	CPK	A	0.01%
	BOH	B	0.01%
	KWR	C	0.01%
	EDR	C	0.01%
	MSA	D	0.01%
	HMN	B	0.01%
	TECH	B	0.01%
	KSS	F	0.01%
	WDFC	B	0.01%
	SSBK	B	0.01%
	FG	B	0.01%
	CHX	D	0.01%
	MMS	D	0.01%
	BHE	C	0.01%
	WMK	B	0.01%
	SRCE	B	0.01%
	EXPO	D	0.01%
	ADC	A	0.01%
	L	A	0.01%
	OLN	D	0.01%
	EME	B	0.01%
	SM	C	0.01%
	PFBC	B	0.01%
	KBR	B	0.01%
	EPC	F	0.01%
	STRA	C	0.01%
	SNDR	B	0.01%
	PZZA	D	0.01%
	EBC	B	0.01%
	UTL	C	0.01%
	CFFN	B	0.01%
	VMI	B	0.01%
	WWW	B	0.01%
	BCO	F	0.01%
	KLG	D	0.01%
	PHIN	B	0.01%
	MKSI	C	0.01%
	BKU	B	0.01%
	WGO	B	0.01%
	GATX	A	0.01%
	LFUS	D	0.01%
	JBT	A	0.01%
	WTFC	B	0.01%
	BSY	F	0.01%
	PNFP	B	0.01%
	PRK	B	0.01%
	PFSI	D	0.01%
	AGCO	F	0.01%
	NOV	C	0.01%
	EGBN	B	0.01%
	MSBI	B	0.01%
	VLTO	C	0.01%
	TPX	B	0.01%
	CRS	B	0.01%
	PAYC	B	0.01%
	RRC	B	0.01%
	CCK	D	0.01%
	POWI	C	0.0%
	KW	C	0.0%
	NWS	B	0.0%
	GTN	F	0.0%
	RELL	C	0.0%
	NFE	F	0.0%
	NUS	D	0.0%
	CWH	C	0.0%
	UWMC	F	0.0%
	BGS	F	0.0%

DTD Underweight 73 Positions Relative to DIVB

	Symbol	Grade	Weight
	ACN	C	-3.48%
	VZ	C	-1.53%
	T	A	-1.21%
	TEL	B	-1.17%
	PFE	F	-0.93%
	BLK	B	-0.62%
	MDT	D	-0.59%
	CRH	B	-0.46%
	STX	D	-0.42%
	TFC	B	-0.31%
	F	C	-0.31%
	MMM	C	-0.3%
	KMI	B	-0.24%
	JCI	A	-0.19%
	CFG	B	-0.18%
	SLB	C	-0.18%
	WTW	A	-0.16%
	DVN	F	-0.16%
	NEM	F	-0.15%
	G	B	-0.14%
	DG	F	-0.14%
	LYB	F	-0.14%
	CNH	D	-0.11%
	CTRA	B	-0.11%
	WBA	D	-0.11%
	NEE	D	-0.11%
	AMCR	D	-0.1%
	KLIC	C	-0.1%
	DOC	C	-0.09%
	KEY	B	-0.09%
	BG	D	-0.08%
	BXP	D	-0.07%
	ALV	C	-0.06%
	EXE	A	-0.06%
	BAX	F	-0.06%
	STWD	D	-0.06%
	HR	C	-0.06%
	IFF	F	-0.06%
	EL	F	-0.06%
	FHN	A	-0.06%
	AGO	B	-0.05%
	RPRX	F	-0.05%
	JHG	B	-0.04%
	OHI	C	-0.04%
	HAS	D	-0.04%
	FMC	F	-0.04%
	RITM	C	-0.04%
	IVZ	C	-0.04%
	AES	F	-0.04%
	ARCH	B	-0.03%
	FHI	A	-0.03%
	AAP	D	-0.02%
	RYN	F	-0.02%
	PRGO	C	-0.02%
	ESNT	D	-0.02%
	PECO	A	-0.02%
	NWL	B	-0.02%
	CDP	C	-0.02%
	NHI	D	-0.02%
	CUZ	C	-0.02%
	APAM	B	-0.02%
	AXS	A	-0.02%
	KRG	B	-0.02%
	VFC	C	-0.02%
	ADT	B	-0.01%
	AGR	C	-0.01%
	IRT	A	-0.01%
	APLE	B	-0.01%
	RUSHB	B	-0.0%
	CRK	B	-0.0%
	AGNC	C	-0.0%
	SITC	F	-0.0%
	MAGN	F	-0.0%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

DIVB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P REIT - Residential REIT - Retail Utilities - Diversified Packaged Foods Packaging & Containers REIT - Diversified Diversified Industrials REIT - Industrial Business Services Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Insurance - Diversified Insurance - Life Insurance - Specialty

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Bank Banking Electricity Insurance Nasdaq 100 Commercial Banking Dow Jones Component Deposit Products Financial Products Investment Bank Real Estate Market Cash Management Insurance Products Chemical Plastic Life Insurance Mining