ILCB vs. SPYV ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	SPYV
30 Days	3.62%	2.77%
60 Days	4.81%	4.01%
90 Days	6.51%	6.06%
12 Months	32.50%	26.94%

414 Overlapping Holdings

	Symbol	Grade	Weight in ILCB	Weight in SPYV	Overlap
	A	D	0.07%	0.18%	0.07%
	ABBV	D	0.56%	0.88%	0.56%
	ABNB	C	0.11%	0.14%	0.11%
	ABT	B	0.39%	0.94%	0.39%
	ACN	C	0.43%	0.49%	0.43%
	ADI	D	0.2%	0.2%	0.2%
	ADM	D	0.05%	0.12%	0.05%
	ADP	B	0.23%	0.35%	0.23%
	ADSK	A	0.12%	0.15%	0.12%
	AEE	A	0.05%	0.11%	0.05%
	AEP	D	0.1%	0.23%	0.1%
	AES	F	0.02%	0.05%	0.02%
	AFL	B	0.11%	0.26%	0.11%
	AIG	B	0.09%	0.23%	0.09%
	AJG	B	0.12%	0.15%	0.12%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.02%	0.06%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.24%	0.1%
	ALLE	D	0.02%	0.04%	0.02%
	AMCR	D	0.03%	0.07%	0.03%
	AME	A	0.09%	0.11%	0.09%
	AMGN	D	0.29%	0.75%	0.29%
	AMP	A	0.11%	0.12%	0.11%
	AMT	D	0.18%	0.25%	0.18%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.16%	0.19%	0.16%
	AOS	F	0.02%	0.02%	0.02%
	APD	A	0.14%	0.33%	0.14%
	APH	A	0.16%	0.18%	0.16%
	APTV	D	0.02%	0.07%	0.02%
	ARE	D	0.03%	0.08%	0.03%
	ATO	A	0.04%	0.1%	0.04%
	AVB	B	0.06%	0.15%	0.06%
	AVY	D	0.03%	0.08%	0.03%
	AWK	D	0.05%	0.12%	0.05%
	AXP	A	0.31%	0.23%	0.23%
	AZO	C	0.1%	0.08%	0.08%
	BA	F	0.2%	0.26%	0.2%
	BAC	A	0.61%	1.45%	0.61%
	BALL	D	0.04%	0.09%	0.04%
	BAX	D	0.03%	0.08%	0.03%
	BBY	D	0.03%	0.08%	0.03%
	BDX	F	0.13%	0.31%	0.13%
	BEN	C	0.01%	0.03%	0.01%
	BG	F	0.02%	0.06%	0.02%
	BIIB	F	0.04%	0.11%	0.04%
	BK	A	0.11%	0.27%	0.11%
	BKR	B	0.08%	0.2%	0.08%
	BLK	C	0.3%	0.68%	0.3%
	BMY	B	0.22%	0.56%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.63%	4.01%	1.63%
	BRO	B	0.05%	0.03%	0.03%
	BSX	B	0.25%	0.27%	0.25%
	BX	A	0.25%	0.17%	0.17%
	BXP	D	0.02%	0.05%	0.02%
	C	A	0.25%	0.61%	0.25%
	CAG	D	0.02%	0.06%	0.02%
	CAH	B	0.06%	0.14%	0.06%
	CARR	D	0.12%	0.15%	0.12%
	CAT	B	0.36%	0.37%	0.36%
	CB	C	0.21%	0.5%	0.21%
	CBRE	B	0.08%	0.19%	0.08%
	CCI	D	0.09%	0.21%	0.09%
	CCL	B	0.05%	0.03%	0.03%
	CDW	F	0.05%	0.07%	0.05%
	CEG	D	0.14%	0.18%	0.14%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.1%	0.04%
	CHD	B	0.05%	0.07%	0.05%
	CHTR	C	0.07%	0.1%	0.07%
	CI	F	0.17%	0.42%	0.17%
	CINF	A	0.05%	0.11%	0.05%
	CL	D	0.15%	0.21%	0.15%
	CLX	B	0.04%	0.1%	0.04%
	CMCSA	B	0.32%	0.79%	0.32%
	CME	A	0.16%	0.24%	0.16%
	CMI	A	0.1%	0.23%	0.1%
	CMS	C	0.04%	0.09%	0.04%
	CNC	D	0.06%	0.14%	0.06%
	CNP	B	0.04%	0.09%	0.04%
	COF	B	0.14%	0.33%	0.14%
	COP	C	0.25%	0.19%	0.19%
	COR	B	0.08%	0.2%	0.08%
	COST	B	0.78%	1.11%	0.78%
	CPB	D	0.02%	0.04%	0.02%
	CPT	B	0.02%	0.06%	0.02%
	CRL	C	0.02%	0.05%	0.02%
	CSCO	B	0.45%	1.09%	0.45%
	CSGP	D	0.06%	0.08%	0.06%
	CSX	B	0.13%	0.16%	0.13%
	CTAS	B	0.14%	0.16%	0.14%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	B	0.07%	0.19%	0.07%
	CTVA	C	0.07%	0.19%	0.07%
	CVS	D	0.13%	0.32%	0.13%
	CVX	A	0.53%	1.29%	0.53%
	D	C	0.09%	0.22%	0.09%
	DAL	C	0.08%	0.09%	0.08%
	DAY	B	0.02%	0.03%	0.02%
	DD	D	0.07%	0.16%	0.07%
	DE	A	0.19%	0.2%	0.19%
	DELL	C	0.07%	0.08%	0.07%
	DFS	B	0.09%	0.09%	0.09%
	DG	F	0.03%	0.08%	0.03%
	DGX	A	0.03%	0.08%	0.03%
	DHR	F	0.29%	0.72%	0.29%
	DIS	B	0.4%	0.93%	0.4%
	DLR	B	0.11%	0.15%	0.11%
	DLTR	F	0.03%	0.06%	0.03%
	DOC	D	0.03%	0.07%	0.03%
	DOV	A	0.05%	0.13%	0.05%
	DOW	F	0.06%	0.15%	0.06%
	DPZ	C	0.03%	0.04%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.12%	0.05%
	DUK	C	0.17%	0.4%	0.17%
	DVA	B	0.02%	0.01%	0.01%
	DVN	F	0.05%	0.12%	0.05%
	DXCM	D	0.06%	0.05%	0.05%
	EA	A	0.08%	0.1%	0.08%
	EBAY	D	0.06%	0.14%	0.06%
	ECL	D	0.12%	0.14%	0.12%
	ED	D	0.06%	0.15%	0.06%
	EFX	F	0.06%	0.09%	0.06%
	EG	C	0.03%	0.07%	0.03%
	EIX	B	0.06%	0.15%	0.06%
	EL	F	0.03%	0.07%	0.03%
	ELV	F	0.18%	0.44%	0.18%
	EMN	D	0.02%	0.06%	0.02%
	EMR	A	0.14%	0.35%	0.14%
	ENPH	F	0.02%	0.03%	0.02%
	EOG	A	0.15%	0.12%	0.12%
	EPAM	C	0.03%	0.04%	0.03%
	EQIX	A	0.16%	0.21%	0.16%
	EQR	B	0.05%	0.12%	0.05%
	EQT	B	0.05%	0.12%	0.05%
	ERIE	D	0.02%	0.02%	0.02%
	ES	D	0.04%	0.1%	0.04%
	ESS	B	0.04%	0.09%	0.04%
	ETN	A	0.28%	0.26%	0.26%
	ETR	B	0.06%	0.15%	0.06%
	EVRG	A	0.03%	0.07%	0.03%
	EW	C	0.08%	0.12%	0.08%
	EXC	C	0.08%	0.18%	0.08%
	EXPD	D	0.03%	0.05%	0.03%
	EXR	D	0.07%	0.16%	0.07%
	F	C	0.08%	0.2%	0.08%
	FAST	B	0.09%	0.11%	0.09%
	FCX	D	0.12%	0.15%	0.12%
	FDS	B	0.04%	0.05%	0.04%
	FDX	B	0.13%	0.31%	0.13%
	FE	C	0.04%	0.1%	0.04%
	FFIV	B	0.03%	0.07%	0.03%
	FI	A	0.23%	0.27%	0.23%
	FIS	C	0.09%	0.23%	0.09%
	FITB	A	0.06%	0.15%	0.06%
	FOX	A	0.01%	0.03%	0.01%
	FOXA	B	0.02%	0.05%	0.02%
	FSLR	F	0.04%	0.1%	0.04%
	GD	F	0.14%	0.35%	0.14%
	GE	D	0.37%	0.52%	0.37%
	GEHC	F	0.06%	0.18%	0.06%
	GEN	B	0.03%	0.08%	0.03%
	GEV	B	0.17%	0.24%	0.17%
	GILD	C	0.21%	0.54%	0.21%
	GIS	D	0.07%	0.17%	0.07%
	GLW	B	0.07%	0.17%	0.07%
	GM	B	0.12%	0.3%	0.12%
	GPC	D	0.03%	0.08%	0.03%
	GPN	B	0.06%	0.14%	0.06%
	GRMN	B	0.06%	0.07%	0.06%
	GS	A	0.37%	0.87%	0.37%
	GWW	B	0.1%	0.06%	0.06%
	HAL	C	0.05%	0.12%	0.05%
	HBAN	A	0.05%	0.12%	0.05%
	HCA	F	0.12%	0.16%	0.12%
	HD	A	0.78%	1.19%	0.78%
	HIG	B	0.07%	0.16%	0.07%
	HII	D	0.01%	0.04%	0.01%
	HOLX	D	0.04%	0.08%	0.04%
	HON	B	0.29%	0.7%	0.29%
	HPE	B	0.05%	0.13%	0.05%
	HPQ	B	0.07%	0.17%	0.07%
	HRL	D	0.02%	0.04%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.08%	0.05%
	HUBB	B	0.04%	0.06%	0.04%
	HUM	C	0.06%	0.16%	0.06%
	HWM	A	0.09%	0.09%	0.09%
	IBM	C	0.36%	0.9%	0.36%
	ICE	C	0.17%	0.42%	0.17%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.08%	0.03%
	IFF	D	0.04%	0.11%	0.04%
	INCY	C	0.02%	0.06%	0.02%
	INTC	D	0.2%	0.5%	0.2%
	INVH	D	0.04%	0.09%	0.04%
	IP	B	0.04%	0.09%	0.04%
	IPG	D	0.02%	0.05%	0.02%
	IQV	D	0.07%	0.1%	0.07%
	IR	B	0.08%	0.05%	0.05%
	IRM	D	0.06%	0.08%	0.06%
	ISRG	A	0.36%	0.3%	0.3%
	ITW	B	0.15%	0.18%	0.15%
	J	F	0.03%	0.08%	0.03%
	JBHT	C	0.03%	0.07%	0.03%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.27%	0.11%
	JKHY	D	0.02%	0.06%	0.02%
	JNJ	D	0.71%	1.71%	0.71%
	JNPR	F	0.02%	0.06%	0.02%
	JPM	A	1.34%	3.22%	1.34%
	K	A	0.04%	0.1%	0.04%
	KDP	D	0.07%	0.18%	0.07%
	KEY	B	0.03%	0.08%	0.03%
	KEYS	A	0.05%	0.13%	0.05%
	KHC	F	0.05%	0.13%	0.05%
	KIM	A	0.03%	0.08%	0.03%
	KMB	D	0.09%	0.21%	0.09%
	KMI	A	0.1%	0.24%	0.1%
	KMX	B	0.02%	0.06%	0.02%
	KO	D	0.46%	0.69%	0.46%
	KR	B	0.08%	0.18%	0.08%
	KVUE	A	0.08%	0.21%	0.08%
	L	A	0.03%	0.07%	0.03%
	LDOS	C	0.04%	0.11%	0.04%
	LEN	D	0.08%	0.08%	0.08%
	LEN	D	0.0%	0.08%	0.0%
	LH	C	0.04%	0.09%	0.04%
	LHX	C	0.09%	0.22%	0.09%
	LIN	D	0.41%	0.49%	0.41%
	LKQ	D	0.02%	0.05%	0.02%
	LMT	D	0.22%	0.54%	0.22%
	LNT	A	0.03%	0.07%	0.03%
	LOW	D	0.3%	0.72%	0.3%
	LUV	C	0.04%	0.09%	0.04%
	LVS	C	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.04%	0.1%	0.04%
	MA	C	0.82%	0.56%	0.56%
	MAA	B	0.04%	0.09%	0.04%
	MAS	D	0.03%	0.04%	0.03%
	MCD	D	0.41%	0.56%	0.41%
	MCHP	D	0.06%	0.07%	0.06%
	MCK	B	0.15%	0.37%	0.15%
	MCO	B	0.14%	0.19%	0.14%
	MDLZ	F	0.17%	0.24%	0.17%
	MDT	D	0.22%	0.52%	0.22%
	MET	A	0.1%	0.23%	0.1%
	MGM	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.09%	0.04%
	MLM	B	0.07%	0.06%	0.06%
	MMC	B	0.21%	0.25%	0.21%
	MMM	D	0.14%	0.34%	0.14%
	MNST	C	0.07%	0.07%	0.07%
	MO	A	0.18%	0.44%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.1%	0.11%	0.1%
	MRK	F	0.47%	0.7%	0.47%
	MRNA	F	0.02%	0.06%	0.02%
	MRO	B	0.03%	0.04%	0.03%
	MS	A	0.32%	0.77%	0.32%
	MSCI	C	0.09%	0.1%	0.09%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.07%	0.17%	0.07%
	MTD	D	0.05%	0.08%	0.05%
	MU	D	0.21%	0.52%	0.21%
	NDAQ	A	0.06%	0.15%	0.06%
	NDSN	B	0.03%	0.07%	0.03%
	NEE	D	0.3%	0.72%	0.3%
	NEM	D	0.09%	0.22%	0.09%
	NI	A	0.03%	0.08%	0.03%
	NKE	D	0.17%	0.24%	0.17%
	NOC	D	0.14%	0.32%	0.14%
	NRG	B	0.04%	0.09%	0.04%
	NSC	B	0.11%	0.28%	0.11%
	NTAP	C	0.05%	0.07%	0.05%
	NTRS	A	0.04%	0.1%	0.04%
	NUE	C	0.07%	0.06%	0.06%
	NWS	B	0.01%	0.02%	0.01%
	NWSA	B	0.02%	0.05%	0.02%
	NXPI	D	0.11%	0.07%	0.07%
	O	D	0.09%	0.23%	0.09%
	OKE	A	0.12%	0.11%	0.11%
	OMC	C	0.04%	0.1%	0.04%
	ON	D	0.05%	0.08%	0.05%
	ORLY	B	0.14%	0.09%	0.09%
	OTIS	C	0.08%	0.11%	0.08%
	OXY	D	0.06%	0.16%	0.06%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	C	0.09%	0.13%	0.09%
	PCAR	B	0.11%	0.08%	0.08%
	PCG	A	0.09%	0.21%	0.09%
	PEG	A	0.09%	0.2%	0.09%
	PEP	F	0.42%	0.68%	0.42%
	PFE	D	0.27%	0.69%	0.27%
	PFG	D	0.04%	0.09%	0.04%
	PG	A	0.77%	1.12%	0.77%
	PGR	A	0.29%	0.35%	0.29%
	PH	A	0.17%	0.09%	0.09%
	PKG	A	0.04%	0.1%	0.04%
	PLD	D	0.2%	0.5%	0.2%
	PM	B	0.38%	0.59%	0.38%
	PNC	B	0.16%	0.39%	0.16%
	PNR	A	0.03%	0.02%	0.02%
	PODD	C	0.03%	0.05%	0.03%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.13%	0.06%
	PPL	B	0.05%	0.12%	0.05%
	PRU	A	0.09%	0.21%	0.09%
	PSA	D	0.1%	0.14%	0.1%
	PSX	C	0.11%	0.25%	0.11%
	PTC	A	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.07%	0.07%
	PYPL	B	0.17%	0.41%	0.17%
	QCOM	F	0.34%	0.41%	0.34%
	QRVO	F	0.01%	0.03%	0.01%
	REG	B	0.02%	0.06%	0.02%
	REGN	F	0.15%	0.16%	0.15%
	RF	A	0.05%	0.11%	0.05%
	RJF	A	0.06%	0.14%	0.06%
	RMD	C	0.07%	0.16%	0.07%
	ROK	B	0.06%	0.08%	0.06%
	ROL	B	0.03%	0.04%	0.03%
	ROP	B	0.11%	0.16%	0.11%
	RSG	A	0.08%	0.09%	0.08%
	RTX	C	0.3%	0.74%	0.3%
	RVTY	F	0.03%	0.07%	0.03%
	SBAC	D	0.05%	0.07%	0.05%
	SBUX	A	0.22%	0.22%	0.22%
	SCHW	B	0.22%	0.56%	0.22%
	SHW	A	0.17%	0.21%	0.17%
	SJM	D	0.02%	0.06%	0.02%
	SLB	C	0.12%	0.29%	0.12%
	SNA	A	0.04%	0.05%	0.04%
	SO	D	0.18%	0.44%	0.18%
	SOLV	C	0.02%	0.04%	0.02%
	SPG	B	0.11%	0.16%	0.11%
	SPGI	C	0.3%	0.43%	0.3%
	SRE	A	0.11%	0.27%	0.11%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.04%	0.03%	0.03%
	STT	A	0.06%	0.13%	0.06%
	STX	D	0.04%	0.06%	0.04%
	STZ	D	0.07%	0.18%	0.07%
	SW	A	0.05%	0.12%	0.05%
	SWK	D	0.03%	0.06%	0.03%
	SWKS	F	0.03%	0.06%	0.03%
	SYF	B	0.05%	0.12%	0.05%
	SYK	C	0.27%	0.22%	0.22%
	SYY	B	0.07%	0.17%	0.07%
	T	A	0.31%	0.75%	0.31%
	TAP	C	0.02%	0.05%	0.02%
	TDY	B	0.04%	0.1%	0.04%
	TECH	D	0.02%	0.05%	0.02%
	TER	D	0.03%	0.08%	0.03%
	TFC	A	0.12%	0.29%	0.12%
	TFX	F	0.02%	0.04%	0.02%
	TGT	F	0.14%	0.33%	0.14%
	TJX	A	0.26%	0.22%	0.22%
	TMO	F	0.38%	0.59%	0.38%
	TMUS	B	0.22%	0.55%	0.22%
	TRMB	B	0.03%	0.08%	0.03%
	TROW	B	0.05%	0.13%	0.05%
	TRV	B	0.11%	0.27%	0.11%
	TSCO	D	0.06%	0.08%	0.06%
	TSN	B	0.03%	0.09%	0.03%
	TT	A	0.18%	0.13%	0.13%
	TTWO	A	0.06%	0.07%	0.06%
	TXN	C	0.35%	0.56%	0.35%
	TXT	D	0.03%	0.08%	0.03%
	UAL	A	0.06%	0.14%	0.06%
	UDR	B	0.03%	0.06%	0.03%
	UHS	D	0.02%	0.06%	0.02%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.05%	1.59%	1.05%
	UNP	C	0.28%	0.37%	0.28%
	UPS	C	0.19%	0.46%	0.19%
	USB	A	0.15%	0.37%	0.15%
	V	A	1.0%	0.82%	0.82%
	VICI	C	0.06%	0.15%	0.06%
	VLO	C	0.09%	0.21%	0.09%
	VLTO	D	0.05%	0.12%	0.05%
	VMC	B	0.07%	0.06%	0.06%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.04%	0.03%
	VRTX	F	0.23%	0.21%	0.21%
	VTR	C	0.05%	0.12%	0.05%
	VTRS	A	0.03%	0.07%	0.03%
	VZ	C	0.34%	0.81%	0.34%
	WAB	B	0.07%	0.16%	0.07%
	WAT	B	0.04%	0.07%	0.04%
	WBA	F	0.01%	0.03%	0.01%
	WBD	C	0.04%	0.1%	0.04%
	WDC	D	0.04%	0.1%	0.04%
	WEC	A	0.06%	0.14%	0.06%
	WELL	A	0.16%	0.36%	0.16%
	WFC	A	0.49%	1.16%	0.49%
	WM	A	0.15%	0.2%	0.15%
	WMB	A	0.13%	0.19%	0.13%
	WMT	A	0.7%	1.72%	0.7%
	WRB	A	0.04%	0.08%	0.04%
	WTW	B	0.06%	0.15%	0.06%
	WY	D	0.04%	0.11%	0.04%
	XEL	A	0.07%	0.18%	0.07%
	XOM	B	1.02%	2.51%	1.02%
	XYL	D	0.06%	0.14%	0.06%
	YUM	B	0.07%	0.1%	0.07%
	ZBH	C	0.04%	0.1%	0.04%
	ZBRA	B	0.04%	0.1%	0.04%
	ZTS	D	0.15%	0.17%	0.15%

ILCB Overweight 200 Positions Relative to SPYV

	Symbol	Grade	Weight
	NVDA	C	6.48%
	AAPL	C	6.21%
	MSFT	F	5.94%
	AMZN	C	3.7%
	META	D	2.34%
	GOOGL	C	1.95%
	GOOG	C	1.74%
	TSLA	B	1.72%
	AVGO	D	1.45%
	LLY	F	1.22%
	NFLX	A	0.68%
	CRM	B	0.58%
	ORCL	B	0.57%
	ADBE	C	0.43%
	AMD	F	0.42%
	NOW	A	0.4%
	INTU	C	0.37%
	BKNG	A	0.32%
	UBER	D	0.28%
	AMAT	F	0.27%
	PLTR	B	0.25%
	PANW	C	0.24%
	ANET	C	0.19%
	KKR	A	0.19%
	LRCX	F	0.18%
	MELI	D	0.18%
	KLAC	D	0.16%
	MRVL	B	0.15%
	CRWD	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	CMG	B	0.15%
	APO	B	0.13%
	CRH	A	0.13%
	TDG	D	0.13%
	MSTR	C	0.12%
	COIN	C	0.12%
	APP	B	0.12%
	HLT	A	0.12%
	FTNT	C	0.12%
	MAR	B	0.12%
	WDAY	B	0.11%
	URI	B	0.11%
	FICO	B	0.11%
	CPRT	A	0.1%
	DASH	A	0.1%
	TTD	B	0.1%
	RCL	A	0.1%
	TEL	B	0.09%
	VST	B	0.09%
	ROST	C	0.09%
	SQ	B	0.09%
	DHI	D	0.09%
	LNG	B	0.09%
	IT	C	0.08%
	HES	B	0.08%
	FERG	B	0.08%
	SNOW	C	0.08%
	ODFL	B	0.08%
	TRGP	B	0.08%
	AXON	A	0.08%
	VRT	B	0.08%
	HUBS	A	0.07%
	LULU	C	0.07%
	DDOG	A	0.07%
	TEAM	A	0.07%
	ACGL	D	0.07%
	CPNG	D	0.06%
	ALNY	D	0.06%
	FANG	D	0.06%
	ARES	A	0.06%
	VEEV	C	0.06%
	EME	C	0.05%
	LPLA	A	0.05%
	GDDY	A	0.05%
	CPAY	A	0.05%
	TYL	B	0.05%
	NVR	D	0.05%
	FTV	C	0.05%
	RBLX	C	0.05%
	MPWR	F	0.05%
	TPL	A	0.05%
	PHM	D	0.05%
	DECK	A	0.05%
	NET	B	0.05%
	FCNCA	A	0.05%
	ZS	C	0.04%
	TRU	D	0.04%
	WSO	A	0.04%
	IBKR	A	0.04%
	EXE	B	0.04%
	BAH	F	0.04%
	DKNG	B	0.04%
	LYV	A	0.04%
	COO	D	0.04%
	ZM	B	0.04%
	LII	A	0.04%
	MDB	C	0.04%
	CSL	C	0.04%
	BLDR	D	0.04%
	ILMN	D	0.04%
	MKL	A	0.04%
	EXPE	B	0.04%
	WST	C	0.04%
	FNF	B	0.03%
	RNR	C	0.03%
	SAIA	B	0.03%
	UTHR	C	0.03%
	AVTR	F	0.03%
	DT	C	0.03%
	ENTG	D	0.03%
	ACM	A	0.03%
	PSTG	D	0.03%
	USFD	A	0.03%
	TW	A	0.03%
	GGG	B	0.03%
	THC	D	0.03%
	CASY	A	0.03%
	FLEX	A	0.03%
	RGA	A	0.03%
	SUI	D	0.03%
	TOL	B	0.03%
	WSM	B	0.03%
	FIX	A	0.03%
	DOCU	A	0.03%
	SSNC	B	0.03%
	HEI	B	0.03%
	TWLO	A	0.03%
	HOOD	B	0.03%
	MANH	D	0.03%
	OC	A	0.03%
	PINS	D	0.03%
	XPO	B	0.03%
	NTNX	A	0.03%
	BURL	A	0.03%
	FWONK	B	0.03%
	RPM	A	0.03%
	RS	B	0.03%
	NTRA	B	0.03%
	MEDP	D	0.02%
	CE	F	0.02%
	APA	D	0.02%
	WYNN	D	0.02%
	EXAS	D	0.02%
	WING	D	0.02%
	AR	B	0.02%
	MORN	B	0.02%
	SMCI	F	0.02%
	WMS	D	0.02%
	WTRG	B	0.02%
	SRPT	D	0.02%
	ALLY	C	0.02%
	CNH	C	0.02%
	CHDN	B	0.02%
	UNM	A	0.02%
	RPRX	D	0.02%
	AFG	A	0.02%
	BJ	A	0.02%
	FND	C	0.02%
	TTEK	F	0.02%
	CCK	C	0.02%
	CG	A	0.02%
	HEI	B	0.02%
	BLD	D	0.02%
	RRX	B	0.02%
	SNAP	C	0.02%
	DKS	C	0.02%
	OVV	B	0.02%
	AMH	D	0.02%
	NVT	B	0.02%
	OKTA	C	0.02%
	BMRN	D	0.02%
	LECO	B	0.02%
	NBIX	C	0.02%
	WPC	D	0.02%
	SCI	B	0.02%
	EQH	B	0.02%
	CLH	B	0.02%
	ELS	C	0.02%
	GLPI	C	0.02%
	PFGC	B	0.02%
	COTY	F	0.01%
	PAG	B	0.01%
	CELH	F	0.01%
	WLK	D	0.01%
	BRKR	D	0.01%
	U	C	0.01%
	SNX	C	0.01%
	UHAL	D	0.01%
	PCOR	B	0.01%
	BSY	D	0.01%
	SIRI	C	0.01%
	AZPN	A	0.01%
	DINO	D	0.01%
	ACI	C	0.01%
	CNM	D	0.01%
	UHAL	D	0.0%
	FWONA	B	0.0%
	ALAB	B	0.0%
	AGR	B	0.0%

ILCB Underweight 20 Positions Relative to SPYV

	Symbol	Grade	Weight
	CHRW	C	-0.06%
	TPR	B	-0.06%
	GL	B	-0.05%
	MKTX	D	-0.05%
	PNW	B	-0.05%
	CTLT	B	-0.05%
	AIZ	A	-0.05%
	BWA	D	-0.04%
	IVZ	B	-0.04%
	MTCH	D	-0.04%
	HAS	D	-0.04%
	HSIC	B	-0.04%
	FRT	B	-0.04%
	PARA	C	-0.03%
	FMC	D	-0.03%
	MHK	D	-0.03%
	CBOE	B	-0.03%
	CZR	F	-0.02%
	RL	B	-0.02%
	GNRC	B	-0.02%

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 Mining Banking Insurance Products Mobile Devices

SPYV: Top Represented Industries & Keywords

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

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