ILCB vs. QVML ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

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

$78.59

Average Daily Volume

57,711

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.65

Average Daily Volume

1,288

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	QVML
30 Days	0.91%	0.84%
60 Days	6.91%	6.77%
90 Days	3.24%	3.11%
12 Months	35.80%	37.69%

426 Overlapping Holdings

	Symbol	Grade	Weight in ILCB	Weight in QVML	Overlap
	A	B	0.08%	0.09%	0.08%
	AAPL	C	6.51%	7.32%	6.51%
	ABBV	A	0.68%	0.74%	0.68%
	ABNB	D	0.11%	0.13%	0.11%
	ABT	B	0.39%	0.41%	0.39%
	ACGL	A	0.08%	0.1%	0.08%
	ACN	B	0.42%	0.45%	0.42%
	ADBE	F	0.46%	0.5%	0.46%
	ADI	C	0.22%	0.26%	0.22%
	ADM	D	0.06%	0.06%	0.06%
	ADP	A	0.22%	0.24%	0.22%
	ADSK	B	0.11%	0.12%	0.11%
	AEE	A	0.05%	0.05%	0.05%
	AEP	C	0.11%	0.11%	0.11%
	AFL	A	0.11%	0.13%	0.11%
	AIG	F	0.1%	0.11%	0.1%
	AJG	D	0.12%	0.13%	0.12%
	AKAM	D	0.03%	0.03%	0.03%
	ALGN	D	0.04%	0.04%	0.04%
	ALL	B	0.1%	0.11%	0.1%
	ALLE	A	0.02%	0.03%	0.02%
	AMAT	B	0.32%	0.38%	0.32%
	AMCR	B	0.03%	0.04%	0.03%
	AMD	D	0.5%	0.57%	0.5%
	AME	D	0.08%	0.09%	0.08%
	AMP	A	0.09%	0.1%	0.09%
	AMZN	C	3.61%	3.72%	3.61%
	ANET	A	0.2%	0.22%	0.2%
	ANSS	D	0.06%	0.06%	0.06%
	AON	A	0.15%	0.16%	0.15%
	AOS	B	0.02%	0.02%	0.02%
	APA	F	0.02%	0.02%	0.02%
	APH	D	0.16%	0.19%	0.16%
	APTV	D	0.03%	0.05%	0.03%
	ARE	D	0.04%	0.04%	0.04%
	ATO	A	0.04%	0.04%	0.04%
	AVB	C	0.06%	0.07%	0.06%
	AVGO	C	1.56%	1.71%	1.56%
	AVY	C	0.03%	0.04%	0.03%
	AWK	B	0.06%	0.06%	0.06%
	AXON	A	0.06%	0.06%	0.06%
	AXP	A	0.3%	0.34%	0.3%
	AZO	D	0.1%	0.12%	0.1%
	BAC	D	0.54%	0.61%	0.54%
	BALL	C	0.04%	0.04%	0.04%
	BAX	D	0.04%	0.04%	0.04%
	BBY	B	0.04%	0.04%	0.04%
	BDX	B	0.13%	0.15%	0.13%
	BEN	F	0.01%	0.01%	0.01%
	BG	F	0.03%	0.03%	0.03%
	BK	C	0.11%	0.12%	0.11%
	BKNG	C	0.27%	0.32%	0.27%
	BKR	B	0.07%	0.08%	0.07%
	BLDR	B	0.05%	0.05%	0.05%
	BLK	A	0.27%	0.29%	0.27%
	BR	B	0.05%	0.05%	0.05%
	BRK.A	C	1.63%	1.88%	1.63%
	BRO	A	0.05%	0.06%	0.05%
	BSX	A	0.24%	0.26%	0.24%
	BX	C	0.23%	0.24%	0.23%
	BXP	C	0.03%	0.03%	0.03%
	C	B	0.24%	0.27%	0.24%
	CAG	D	0.03%	0.03%	0.03%
	CAH	B	0.05%	0.06%	0.05%
	CARR	A	0.13%	0.14%	0.13%
	CAT	A	0.36%	0.43%	0.36%
	CB	A	0.22%	0.26%	0.22%
	CBRE	A	0.07%	0.08%	0.07%
	CCL	C	0.04%	0.04%	0.04%
	CDNS	D	0.15%	0.16%	0.15%
	CDW	D	0.06%	0.07%	0.06%
	CE	D	0.03%	0.03%	0.03%
	CEG	B	0.16%	0.19%	0.16%
	CF	A	0.03%	0.04%	0.03%
	CFG	D	0.04%	0.04%	0.04%
	CHD	C	0.05%	0.05%	0.05%
	CHTR	D	0.06%	0.07%	0.06%
	CI	D	0.2%	0.22%	0.2%
	CINF	A	0.04%	0.05%	0.04%
	CL	D	0.17%	0.19%	0.17%
	CMCSA	B	0.31%	0.35%	0.31%
	CME	A	0.15%	0.17%	0.15%
	CMG	C	0.15%	0.18%	0.15%
	CMI	B	0.08%	0.1%	0.08%
	CMS	A	0.04%	0.04%	0.04%
	CNC	F	0.08%	0.09%	0.08%
	CNP	B	0.04%	0.04%	0.04%
	COF	C	0.11%	0.13%	0.11%
	COP	D	0.26%	0.3%	0.26%
	COST	C	0.8%	0.87%	0.8%
	CPAY	A	0.04%	0.05%	0.04%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	B	0.09%	0.11%	0.09%
	CPT	C	0.03%	0.03%	0.03%
	CRL	F	0.02%	0.02%	0.02%
	CRM	B	0.49%	0.59%	0.49%
	CRWD	D	0.14%	0.16%	0.14%
	CSCO	A	0.42%	0.48%	0.42%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	D	0.14%	0.15%	0.14%
	CTAS	B	0.14%	0.15%	0.14%
	CTRA	D	0.04%	0.04%	0.04%
	CTSH	B	0.08%	0.08%	0.08%
	CTVA	A	0.08%	0.09%	0.08%
	CVS	D	0.14%	0.16%	0.14%
	CVX	B	0.49%	0.58%	0.49%
	D	A	0.1%	0.1%	0.1%
	DAL	C	0.06%	0.07%	0.06%
	DAY	B	0.02%	0.02%	0.02%
	DD	B	0.07%	0.08%	0.07%
	DE	A	0.2%	0.23%	0.2%
	DECK	B	0.05%	0.05%	0.05%
	DFS	C	0.07%	0.08%	0.07%
	DG	F	0.04%	0.04%	0.04%
	DGX	B	0.03%	0.04%	0.03%
	DHI	C	0.11%	0.12%	0.11%
	DHR	C	0.35%	0.38%	0.35%
	DIS	D	0.34%	0.38%	0.34%
	DLR	C	0.1%	0.11%	0.1%
	DLTR	F	0.03%	0.04%	0.03%
	DOC	C	0.03%	0.04%	0.03%
	DOV	C	0.05%	0.06%	0.05%
	DOW	B	0.07%	0.09%	0.07%
	DRI	C	0.04%	0.04%	0.04%
	DTE	A	0.05%	0.06%	0.05%
	DUK	A	0.18%	0.19%	0.18%
	DVA	C	0.02%	0.02%	0.02%
	DVN	F	0.05%	0.06%	0.05%
	EA	D	0.07%	0.08%	0.07%
	EBAY	A	0.06%	0.07%	0.06%
	ECL	B	0.13%	0.14%	0.13%
	ED	A	0.07%	0.08%	0.07%
	EFX	C	0.07%	0.08%	0.07%
	EG	B	0.03%	0.04%	0.03%
	EIX	A	0.07%	0.07%	0.07%
	ELV	F	0.25%	0.27%	0.25%
	EMN	C	0.03%	0.03%	0.03%
	EMR	B	0.12%	0.14%	0.12%
	EOG	B	0.14%	0.17%	0.14%
	EPAM	F	0.02%	0.02%	0.02%
	EQR	C	0.05%	0.06%	0.05%
	EQT	B	0.04%	0.05%	0.04%
	ES	C	0.05%	0.05%	0.05%
	ESS	C	0.04%	0.04%	0.04%
	ETN	C	0.26%	0.3%	0.26%
	ETR	A	0.05%	0.06%	0.05%
	EVRG	C	0.03%	0.03%	0.03%
	EW	F	0.08%	0.09%	0.08%
	EXC	A	0.08%	0.08%	0.08%
	EXPD	C	0.03%	0.04%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	C	0.08%	0.08%	0.08%
	F	D	0.09%	0.1%	0.09%
	FANG	D	0.06%	0.08%	0.06%
	FAST	B	0.08%	0.09%	0.08%
	FCX	B	0.13%	0.16%	0.13%
	FDS	C	0.03%	0.04%	0.03%
	FDX	D	0.11%	0.14%	0.11%
	FE	B	0.04%	0.05%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FIS	C	0.09%	0.1%	0.09%
	FITB	C	0.06%	0.07%	0.06%
	FOXA	A	0.02%	0.03%	0.02%
	FSLR	C	0.05%	0.05%	0.05%
	FTNT	A	0.1%	0.11%	0.1%
	FTV	B	0.05%	0.06%	0.05%
	GD	A	0.15%	0.15%	0.15%
	GDDY	D	0.04%	0.05%	0.04%
	GE	C	0.4%	0.47%	0.4%
	GEHC	C	0.07%	0.08%	0.07%
	GEV	B	0.13%	0.15%	0.13%
	GILD	A	0.21%	0.22%	0.21%
	GIS	C	0.08%	0.09%	0.08%
	GLW	B	0.07%	0.08%	0.07%
	GM	D	0.11%	0.13%	0.11%
	GOOG	B	1.71%	4.13%	1.71%
	GPC	D	0.04%	0.04%	0.04%
	GPN	F	0.06%	0.05%	0.05%
	GRMN	D	0.05%	0.06%	0.05%
	GS	C	0.32%	0.37%	0.32%
	GWW	A	0.09%	0.1%	0.09%
	HAL	F	0.05%	0.06%	0.05%
	HBAN	D	0.04%	0.05%	0.04%
	HCA	B	0.15%	0.17%	0.15%
	HD	A	0.77%	0.85%	0.77%
	HES	D	0.07%	0.09%	0.07%
	HIG	A	0.07%	0.08%	0.07%
	HII	F	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.04%	0.04%
	HON	C	0.26%	0.3%	0.26%
	HPE	B	0.05%	0.07%	0.05%
	HPQ	C	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HST	D	0.03%	0.03%	0.03%
	HSY	D	0.06%	0.06%	0.06%
	HUBB	A	0.04%	0.05%	0.04%
	HUM	F	0.07%	0.09%	0.07%
	HWM	A	0.08%	0.09%	0.08%
	IBM	B	0.4%	0.43%	0.4%
	ICE	A	0.18%	0.2%	0.18%
	IDXX	D	0.08%	0.09%	0.08%
	IEX	D	0.03%	0.04%	0.03%
	IFF	C	0.05%	0.06%	0.05%
	INCY	B	0.02%	0.02%	0.02%
	INTC	D	0.19%	0.25%	0.19%
	INTU	F	0.36%	0.38%	0.36%
	INVH	D	0.04%	0.05%	0.04%
	IP	C	0.03%	0.04%	0.03%
	IPG	C	0.02%	0.03%	0.02%
	IQV	F	0.09%	0.1%	0.09%
	IR	A	0.08%	0.09%	0.08%
	ISRG	A	0.34%	0.38%	0.34%
	IT	C	0.08%	0.09%	0.08%
	ITW	A	0.15%	0.16%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	D	0.03%	0.03%	0.03%
	JBL	D	0.02%	0.03%	0.02%
	JCI	B	0.1%	0.11%	0.1%
	JKHY	A	0.03%	0.03%	0.03%
	JNJ	D	0.79%	0.85%	0.79%
	JNPR	B	0.03%	0.03%	0.03%
	JPM	D	1.19%	1.43%	1.19%
	K	B	0.04%	0.05%	0.04%
	KDP	C	0.08%	0.08%	0.08%
	KEY	C	0.03%	0.04%	0.03%
	KEYS	B	0.05%	0.06%	0.05%
	KHC	D	0.06%	0.06%	0.06%
	KIM	C	0.03%	0.03%	0.03%
	KKR	A	0.18%	0.2%	0.18%
	KLAC	B	0.2%	0.25%	0.2%
	KMB	B	0.09%	0.1%	0.09%
	KMI	A	0.09%	0.1%	0.09%
	KMX	F	0.02%	0.03%	0.02%
	KO	C	0.56%	0.62%	0.56%
	KR	C	0.07%	0.09%	0.07%
	KVUE	C	0.08%	0.09%	0.08%
	L	D	0.03%	0.03%	0.03%
	LDOS	A	0.04%	0.05%	0.04%
	LEN	B	0.09%	0.1%	0.09%
	LEN	B	0.0%	0.1%	0.0%
	LHX	A	0.09%	0.1%	0.09%
	LIN	B	0.45%	0.51%	0.45%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	D	1.55%	1.68%	1.55%
	LMT	A	0.24%	0.27%	0.24%
	LNT	A	0.03%	0.03%	0.03%
	LRCX	D	0.2%	0.25%	0.2%
	LULU	D	0.06%	0.07%	0.06%
	LUV	B	0.03%	0.04%	0.03%
	LW	D	0.02%	0.02%	0.02%
	LYB	D	0.05%	0.06%	0.05%
	MA	A	0.8%	0.87%	0.8%
	MAA	C	0.04%	0.04%	0.04%
	MAS	A	0.04%	0.04%	0.04%
	MCHP	F	0.08%	0.1%	0.08%
	MCK	F	0.13%	0.15%	0.13%
	MCO	D	0.16%	0.17%	0.16%
	MDLZ	C	0.2%	0.21%	0.2%
	MDT	B	0.23%	0.25%	0.23%
	MET	A	0.1%	0.11%	0.1%
	META	A	2.45%	2.77%	2.45%
	MGM	D	0.02%	0.02%	0.02%
	MKC	C	0.04%	0.04%	0.04%
	MLM	D	0.07%	0.08%	0.07%
	MMC	D	0.22%	0.24%	0.22%
	MMM	C	0.15%	0.17%	0.15%
	MNST	D	0.07%	0.08%	0.07%
	MO	D	0.17%	0.19%	0.17%
	MOH	D	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPC	F	0.11%	0.14%	0.11%
	MPWR	B	0.08%	0.1%	0.08%
	MRK	F	0.59%	0.65%	0.59%
	MRNA	F	0.04%	0.05%	0.04%
	MRO	D	0.03%	0.04%	0.03%
	MS	B	0.25%	0.3%	0.25%
	MSFT	D	6.44%	6.9%	6.44%
	MSI	A	0.15%	0.17%	0.15%
	MTB	C	0.06%	0.07%	0.06%
	MU	D	0.2%	0.25%	0.2%
	NDAQ	C	0.06%	0.07%	0.06%
	NEE	A	0.34%	0.37%	0.34%
	NFLX	A	0.6%	0.7%	0.6%
	NI	A	0.03%	0.03%	0.03%
	NKE	D	0.2%	0.25%	0.2%
	NOC	B	0.15%	0.16%	0.15%
	NOW	C	0.38%	0.39%	0.38%
	NRG	A	0.04%	0.04%	0.04%
	NSC	C	0.11%	0.12%	0.11%
	NTAP	D	0.05%	0.06%	0.05%
	NTRS	C	0.04%	0.04%	0.04%
	NUE	D	0.07%	0.09%	0.07%
	NVDA	C	5.48%	6.76%	5.48%
	NVR	A	0.06%	0.07%	0.06%
	NWSA	D	0.02%	0.03%	0.02%
	NXPI	F	0.12%	0.14%	0.12%
	O	A	0.11%	0.12%	0.11%
	ODFL	D	0.07%	0.08%	0.07%
	OKE	B	0.11%	0.12%	0.11%
	OMC	C	0.04%	0.04%	0.04%
	ON	F	0.06%	0.07%	0.06%
	OXY	F	0.06%	0.08%	0.06%
	PANW	D	0.22%	0.25%	0.22%
	PAYC	D	0.02%	0.02%	0.02%
	PAYX	A	0.09%	0.09%	0.09%
	PCAR	D	0.1%	0.11%	0.1%
	PCG	B	0.09%	0.09%	0.09%
	PEG	A	0.09%	0.09%	0.09%
	PEP	D	0.47%	0.5%	0.47%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.82%	0.87%	0.82%
	PGR	C	0.3%	0.33%	0.3%
	PH	A	0.16%	0.18%	0.16%
	PHM	A	0.06%	0.06%	0.06%
	PKG	C	0.04%	0.04%	0.04%
	PLD	D	0.23%	0.25%	0.23%
	PM	C	0.37%	0.41%	0.37%
	PNC	C	0.15%	0.16%	0.15%
	PNR	C	0.03%	0.04%	0.03%
	POOL	B	0.03%	0.03%	0.03%
	PPG	D	0.06%	0.07%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	C	0.09%	0.1%	0.09%
	PSA	C	0.11%	0.12%	0.11%
	PSX	D	0.11%	0.13%	0.11%
	PTC	D	0.04%	0.05%	0.04%
	PWR	B	0.08%	0.1%	0.08%
	PYPL	C	0.16%	0.18%	0.16%
	QCOM	D	0.38%	0.43%	0.38%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	C	0.08%	0.09%	0.08%
	REG	C	0.02%	0.03%	0.02%
	REGN	D	0.24%	0.25%	0.24%
	RF	C	0.04%	0.05%	0.04%
	RJF	B	0.05%	0.05%	0.05%
	RMD	C	0.07%	0.07%	0.07%
	ROK	D	0.06%	0.07%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	C	0.12%	0.13%	0.12%
	ROST	C	0.1%	0.11%	0.1%
	RSG	D	0.08%	0.09%	0.08%
	RTX	A	0.31%	0.36%	0.31%
	SCHW	D	0.19%	0.21%	0.19%
	SHW	B	0.18%	0.19%	0.18%
	SLB	D	0.12%	0.14%	0.12%
	SMCI	F	0.05%	0.05%	0.05%
	SNA	A	0.03%	0.03%	0.03%
	SNPS	F	0.16%	0.18%	0.16%
	SO	A	0.19%	0.21%	0.19%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	A	0.1%	0.12%	0.1%
	SPGI	C	0.33%	0.36%	0.33%
	SRE	A	0.1%	0.12%	0.1%
	STE	D	0.05%	0.05%	0.05%
	STLD	B	0.04%	0.04%	0.04%
	STT	C	0.05%	0.06%	0.05%
	STZ	B	0.08%	0.09%	0.08%
	SW	C	0.05%	0.06%	0.05%
	SWK	A	0.03%	0.04%	0.03%
	SWKS	F	0.03%	0.04%	0.03%
	SYF	B	0.04%	0.05%	0.04%
	SYK	C	0.26%	0.26%	0.26%
	SYY	B	0.07%	0.09%	0.07%
	T	A	0.31%	0.31%	0.31%
	TAP	D	0.02%	0.02%	0.02%
	TDY	A	0.04%	0.05%	0.04%
	TEL	D	0.09%	0.1%	0.09%
	TER	C	0.04%	0.05%	0.04%
	TFC	D	0.11%	0.13%	0.11%
	TFX	C	0.02%	0.03%	0.02%
	TGT	C	0.14%	0.16%	0.14%
	TJX	C	0.27%	0.29%	0.27%
	TMO	C	0.47%	0.5%	0.47%
	TMUS	A	0.19%	0.23%	0.19%
	TRGP	B	0.07%	0.08%	0.07%
	TROW	D	0.05%	0.05%	0.05%
	TRV	C	0.11%	0.12%	0.11%
	TSCO	A	0.06%	0.06%	0.06%
	TSN	D	0.03%	0.04%	0.03%
	TT	A	0.17%	0.2%	0.17%
	TTWO	F	0.05%	0.06%	0.05%
	TXN	C	0.37%	0.43%	0.37%
	TXT	F	0.03%	0.04%	0.03%
	TYL	B	0.05%	0.05%	0.05%
	UAL	B	0.03%	0.04%	0.03%
	UBER	C	0.3%	0.37%	0.3%
	UDR	C	0.03%	0.03%	0.03%
	UHS	D	0.03%	0.03%	0.03%
	ULTA	D	0.04%	0.04%	0.04%
	UNH	B	1.05%	1.16%	1.05%
	UNP	D	0.3%	0.34%	0.3%
	UPS	D	0.19%	0.21%	0.19%
	URI	C	0.1%	0.12%	0.1%
	USB	C	0.14%	0.16%	0.14%
	V	C	0.95%	0.9%	0.9%
	VICI	C	0.07%	0.07%	0.07%
	VLO	F	0.09%	0.1%	0.09%
	VLTO	A	0.05%	0.05%	0.05%
	VMC	D	0.07%	0.08%	0.07%
	VRSK	D	0.07%	0.08%	0.07%
	VRTX	D	0.24%	0.27%	0.24%
	VST	A	0.07%	0.09%	0.07%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	D	0.03%	0.03%	0.03%
	VZ	A	0.37%	0.39%	0.37%
	WAB	A	0.06%	0.07%	0.06%
	WAT	B	0.04%	0.05%	0.04%
	WBA	F	0.01%	0.01%	0.01%
	WBD	D	0.04%	0.05%	0.04%
	WDC	C	0.04%	0.05%	0.04%
	WEC	A	0.06%	0.06%	0.06%
	WELL	C	0.15%	0.16%	0.15%
	WFC	D	0.38%	0.44%	0.38%
	WM	B	0.15%	0.17%	0.15%
	WMB	A	0.11%	0.12%	0.11%
	WMT	A	0.68%	0.74%	0.68%
	WRB	B	0.04%	0.04%	0.04%
	WST	D	0.04%	0.05%	0.04%
	WTW	B	0.06%	0.07%	0.06%
	WY	B	0.05%	0.05%	0.05%
	XEL	A	0.07%	0.07%	0.07%
	XOM	A	1.02%	1.21%	1.02%
	XYL	C	0.06%	0.07%	0.06%
	ZBH	F	0.04%	0.05%	0.04%
	ZBRA	A	0.04%	0.04%	0.04%
	ZTS	C	0.18%	0.18%	0.18%

ILCB Overweight 188 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	B	1.91%
	TSLA	C	1.32%
	ORCL	B	0.53%
	MCD	A	0.43%
	AMGN	D	0.36%
	PFE	D	0.33%
	LOW	A	0.3%
	SBUX	B	0.22%
	AMT	C	0.22%
	MELI	C	0.21%
	BMY	B	0.2%
	FI	A	0.2%
	BA	F	0.19%
	EQIX	B	0.17%
	TDG	A	0.16%
	PLTR	A	0.15%
	MRVL	C	0.13%
	CRH	C	0.13%
	ORLY	A	0.13%
	APD	C	0.13%
	NEM	C	0.12%
	HLT	A	0.11%
	MAR	B	0.11%
	TTD	C	0.1%
	APO	A	0.1%
	CCI	C	0.1%
	WDAY	D	0.1%
	DASH	A	0.09%
	MSCI	B	0.09%
	FICO	A	0.09%
	OTIS	A	0.08%
	COR	F	0.08%
	FERG	F	0.08%
	LNG	A	0.08%
	COIN	F	0.07%
	DDOG	D	0.07%
	IRM	A	0.07%
	VRT	B	0.07%
	ALNY	C	0.07%
	SNOW	F	0.07%
	YUM	A	0.07%
	SQ	D	0.07%
	DXCM	F	0.06%
	ARES	A	0.06%
	BIIB	F	0.06%
	CPNG	C	0.06%
	MTD	B	0.06%
	DELL	C	0.06%
	VEEV	C	0.06%
	RBLX	C	0.05%
	FCNCA	D	0.05%
	NET	D	0.05%
	MSTR	B	0.05%
	TEAM	D	0.05%
	APP	A	0.05%
	SBAC	B	0.05%
	HUBS	D	0.05%
	WSM	B	0.04%
	PINS	D	0.04%
	TPL	B	0.04%
	AVTR	D	0.04%
	DKNG	D	0.04%
	LH	D	0.04%
	LII	C	0.04%
	EL	D	0.04%
	MDB	F	0.04%
	BAH	A	0.04%
	CSL	A	0.04%
	TRU	A	0.04%
	CLX	B	0.04%
	MKL	C	0.04%
	EME	C	0.04%
	ILMN	B	0.04%
	STX	B	0.04%
	COO	C	0.04%
	CLH	C	0.03%
	EXAS	C	0.03%
	ELS	D	0.03%
	XPO	F	0.03%
	AMH	D	0.03%
	NDSN	B	0.03%
	BLD	C	0.03%
	GLPI	A	0.03%
	ERIE	A	0.03%
	AES	B	0.03%
	BMRN	F	0.03%
	FLEX	C	0.03%
	UTHR	C	0.03%
	RNR	A	0.03%
	WPC	C	0.03%
	TW	A	0.03%
	FIX	A	0.03%
	CASY	D	0.03%
	FNF	A	0.03%
	ACM	C	0.03%
	IBKR	A	0.03%
	USFD	C	0.03%
	DT	C	0.03%
	GGG	B	0.03%
	TRMB	B	0.03%
	RGA	C	0.03%
	DPZ	D	0.03%
	NTNX	C	0.03%
	RVTY	B	0.03%
	LYV	A	0.03%
	TOL	A	0.03%
	OC	C	0.03%
	PSTG	F	0.03%
	ENPH	D	0.03%
	GEN	B	0.03%
	NTRA	A	0.03%
	VRSN	B	0.03%
	ZS	F	0.03%
	RPM	A	0.03%
	RS	D	0.03%
	THC	C	0.03%
	HEI	A	0.03%
	LPLA	D	0.03%
	PODD	C	0.03%
	ZM	C	0.03%
	FWONK	D	0.03%
	SSNC	C	0.03%
	ENTG	D	0.03%
	LVS	B	0.03%
	BURL	D	0.03%
	MANH	C	0.03%
	WSO	C	0.03%
	SUI	D	0.03%
	DINO	F	0.02%
	WYNN	B	0.02%
	CNM	F	0.02%
	CHK	D	0.02%
	AR	B	0.02%
	UNM	A	0.02%
	MORN	C	0.02%
	MEDP	F	0.02%
	ALLY	F	0.02%
	WTRG	D	0.02%
	CG	C	0.02%
	CNH	B	0.02%
	CHDN	D	0.02%
	ALB	D	0.02%
	BJ	D	0.02%
	AFG	C	0.02%
	TWLO	B	0.02%
	LECO	D	0.02%
	SNAP	D	0.02%
	WMS	D	0.02%
	OVV	F	0.02%
	RPRX	B	0.02%
	HEI	A	0.02%
	RRX	C	0.02%
	CCK	C	0.02%
	SRPT	F	0.02%
	SAIA	D	0.02%
	NVT	D	0.02%
	HOOD	C	0.02%
	EQH	C	0.02%
	SCI	C	0.02%
	DOCU	B	0.02%
	PFGC	A	0.02%
	WING	B	0.02%
	TTEK	B	0.02%
	NBIX	F	0.02%
	TECH	C	0.02%
	OKTA	F	0.02%
	DKS	D	0.02%
	SJM	C	0.02%
	FND	C	0.02%
	NWS	D	0.01%
	PAG	D	0.01%
	COTY	F	0.01%
	FOX	A	0.01%
	WLK	C	0.01%
	PCOR	D	0.01%
	CELH	F	0.01%
	SIRI	C	0.01%
	SNX	C	0.01%
	U	D	0.01%
	BRKR	D	0.01%
	AZPN	C	0.01%
	BSY	D	0.01%
	UHAL	A	0.01%
	ACI	F	0.01%
	UHAL	A	0.0%
	ALAB	D	0.0%
	FWONA	C	0.0%
	AGR	C	0.0%

ILCB Underweight 19 Positions Relative to QVML

	Symbol	Grade	Weight
	CBOE	A	-0.05%
	CHRW	A	-0.03%
	RL	B	-0.02%
	BBWI	F	-0.02%
	IVZ	A	-0.02%
	FRT	D	-0.02%
	MHK	B	-0.02%
	NCLH	C	-0.02%
	FMC	B	-0.02%
	BWA	B	-0.02%
	CZR	B	-0.02%
	MKTX	C	-0.02%
	GL	C	-0.02%
	HSIC	D	-0.02%
	GNRC	B	-0.02%
	PNW	A	-0.02%
	TPR	B	-0.02%
	AIZ	A	-0.02%
	PARA	F	-0.01%

ILCB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Utilities - Regulated Electric Semiconductors Oil & Gas E&P Asset Management Specialty Retail Biotechnology Capital Markets Software - Infrastructure Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Aerospace Chemical Medicine Telecommunications Real Estate Investment Trust Semiconductor Bank Cloud Computing IBD 50 Mining Banking Insurance Products

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Asset Management Oil & Gas E&P Banks - Regional - US Capital Markets Diagnostics & Research Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Dow Jones Component Electronics Aerospace Real Estate Investment Trust Bank Chemical Telecommunications Banking Semiconductor Medicine Insurance Products Petroleum Industry Investment Bank Mobile Devices