INRO vs. ILCB ETF Comparison

Comparison of BlackRock U.S. Industry Rotation ETF (INRO) to iShares Morningstar U.S. Equity ETF (ILCB)

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.19

Average Daily Volume

3,682

Number of Holdings ^*

444

* 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

$82.19

Average Daily Volume

39,265

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	INRO	ILCB
30 Days	3.09%	2.51%
60 Days	7.53%	5.87%
90 Days	8.17%	7.42%
12 Months		33.22%

430 Overlapping Holdings

	Symbol	Grade	Weight in INRO	Weight in ILCB	Overlap
	A	F	0.1%	0.08%	0.08%
	AAPL	C	5.81%	6.14%	5.81%
	ABNB	C	0.04%	0.11%	0.04%
	ABT	C	0.07%	0.38%	0.07%
	ACGL	C	0.07%	0.07%	0.07%
	ACM	B	0.04%	0.03%	0.03%
	ACN	B	0.13%	0.42%	0.13%
	ADBE	C	0.34%	0.41%	0.34%
	ADI	D	0.24%	0.21%	0.21%
	ADP	A	0.23%	0.23%	0.23%
	ADSK	B	0.1%	0.12%	0.1%
	AEP	D	0.2%	0.1%	0.1%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.17%	0.1%	0.1%
	AIG	B	0.16%	0.09%	0.09%
	AJG	A	0.17%	0.12%	0.12%
	AKAM	F	0.01%	0.03%	0.01%
	ALGN	D	0.01%	0.03%	0.01%
	ALL	B	0.14%	0.1%	0.1%
	ALLE	D	0.07%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.32%	0.3%	0.3%
	AMCR	D	0.22%	0.03%	0.03%
	AMD	F	0.48%	0.45%	0.45%
	AME	A	0.08%	0.08%	0.08%
	AMP	A	0.17%	0.1%	0.1%
	AMT	F	0.19%	0.18%	0.18%
	AMZN	A	2.44%	3.72%	2.44%
	ANSS	B	0.05%	0.06%	0.05%
	AON	B	0.2%	0.16%	0.16%
	AOS	F	0.06%	0.02%	0.02%
	APA	F	0.01%	0.02%	0.01%
	APH	B	0.13%	0.17%	0.13%
	APO	B	0.04%	0.12%	0.04%
	APP	B	0.05%	0.11%	0.05%
	ARE	F	0.02%	0.03%	0.02%
	ARES	B	0.11%	0.06%	0.06%
	AVGO	C	1.59%	1.58%	1.58%
	AVTR	F	0.04%	0.03%	0.03%
	AVY	F	0.25%	0.03%	0.03%
	AXON	B	0.02%	0.08%	0.02%
	AXP	B	1.43%	0.31%	0.31%
	AZO	B	0.19%	0.1%	0.1%
	BA	F	0.08%	0.21%	0.08%
	BAC	A	0.89%	0.57%	0.57%
	BAH	C	0.04%	0.04%	0.04%
	BALL	D	0.28%	0.04%	0.04%
	BAX	F	0.01%	0.03%	0.01%
	BBY	C	0.07%	0.03%	0.03%
	BDX	F	0.02%	0.13%	0.02%
	BEN	C	0.03%	0.01%	0.01%
	BK	B	0.11%	0.11%	0.11%
	BKNG	A	0.09%	0.32%	0.09%
	BLDR	C	0.13%	0.04%	0.04%
	BMY	B	0.03%	0.21%	0.03%
	BR	A	0.07%	0.05%	0.05%
	BRK.A	B	0.41%	1.57%	0.41%
	BRO	B	0.08%	0.05%	0.05%
	BSX	A	0.04%	0.24%	0.04%
	BSY	F	0.02%	0.01%	0.01%
	BURL	C	0.06%	0.03%	0.03%
	BX	A	0.38%	0.24%	0.24%
	BXP	D	0.87%	0.02%	0.02%
	C	B	0.38%	0.25%	0.25%
	CAH	B	0.01%	0.06%	0.01%
	CARR	C	0.37%	0.12%	0.12%
	CAT	B	0.53%	0.36%	0.36%
	CB	C	0.31%	0.2%	0.2%
	CBRE	B	0.09%	0.08%	0.08%
	CCI	F	0.09%	0.09%	0.09%
	CCK	D	0.17%	0.02%	0.02%
	CCL	B	0.01%	0.05%	0.01%
	CDNS	B	0.13%	0.15%	0.13%
	CDW	F	0.04%	0.05%	0.04%
	CEG	D	0.26%	0.14%	0.14%
	CFG	B	0.06%	0.04%	0.04%
	CG	B	0.04%	0.02%	0.02%
	CI	D	0.04%	0.17%	0.04%
	CINF	A	0.07%	0.04%	0.04%
	CME	B	0.27%	0.15%	0.15%
	CMG	B	0.05%	0.15%	0.05%
	CMI	A	0.13%	0.09%	0.09%
	CNC	F	0.01%	0.06%	0.01%
	CNH	D	0.02%	0.02%	0.02%
	COF	B	0.57%	0.13%	0.13%
	COIN	B	0.11%	0.1%	0.1%
	COP	C	0.19%	0.24%	0.19%
	COR	B	0.01%	0.08%	0.01%
	COST	B	0.38%	0.79%	0.38%
	CPAY	A	0.01%	0.05%	0.01%
	CPRT	A	0.23%	0.09%	0.09%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.46%	0.56%	0.46%
	CRWD	B	0.11%	0.14%	0.11%
	CSGP	F	0.06%	0.06%	0.06%
	CSL	B	0.13%	0.04%	0.04%
	CSX	B	0.21%	0.13%	0.13%
	CTAS	B	0.4%	0.15%	0.15%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	A	0.03%	0.08%	0.03%
	CVS	F	0.03%	0.13%	0.03%
	CVX	A	0.4%	0.5%	0.4%
	DAL	A	0.02%	0.07%	0.02%
	DASH	A	0.03%	0.1%	0.03%
	DAY	B	0.02%	0.02%	0.02%
	DDOG	B	0.06%	0.07%	0.06%
	DE	D	0.3%	0.19%	0.19%
	DELL	C	0.07%	0.07%	0.07%
	DFS	B	0.34%	0.08%	0.08%
	DG	F	0.02%	0.03%	0.02%
	DGX	B	0.01%	0.03%	0.01%
	DHI	D	0.38%	0.1%	0.1%
	DHR	F	0.38%	0.3%	0.3%
	DINO	D	0.01%	0.01%	0.01%
	DKNG	B	0.01%	0.04%	0.01%
	DKS	D	0.05%	0.02%	0.02%
	DLR	C	0.11%	0.11%	0.11%
	DLTR	F	0.01%	0.02%	0.01%
	DOC	C	0.02%	0.03%	0.02%
	DOCU	B	0.03%	0.03%	0.03%
	DOV	A	0.08%	0.05%	0.05%
	DPZ	C	0.01%	0.03%	0.01%
	DRI	B	0.02%	0.04%	0.02%
	DT	C	0.03%	0.03%	0.03%
	DUK	D	0.33%	0.17%	0.17%
	DVA	C	0.0%	0.01%	0.0%
	DVN	F	0.04%	0.05%	0.04%
	DXCM	C	0.01%	0.05%	0.01%
	EBAY	C	0.04%	0.06%	0.04%
	EFX	F	0.07%	0.06%	0.06%
	EG	D	0.04%	0.03%	0.03%
	EIX	C	0.12%	0.06%	0.06%
	ELV	F	0.04%	0.18%	0.04%
	EME	B	0.06%	0.05%	0.05%
	EMR	A	0.13%	0.14%	0.13%
	ENPH	F	0.03%	0.02%	0.02%
	ENTG	F	0.03%	0.03%	0.03%
	EOG	A	0.11%	0.15%	0.11%
	EPAM	B	0.01%	0.02%	0.01%
	EQIX	B	0.17%	0.16%	0.16%
	EQT	B	0.04%	0.04%	0.04%
	ERIE	F	0.03%	0.02%	0.02%
	ES	D	0.08%	0.04%	0.04%
	ETN	B	0.27%	0.28%	0.27%
	ETR	B	0.13%	0.06%	0.06%
	EVRG	A	0.06%	0.03%	0.03%
	EW	F	0.01%	0.08%	0.01%
	EXC	C	0.15%	0.07%	0.07%
	EXPE	B	0.01%	0.04%	0.01%
	EXR	D	0.07%	0.07%	0.07%
	F	C	0.06%	0.08%	0.06%
	FANG	C	0.06%	0.06%	0.06%
	FAST	B	0.38%	0.09%	0.09%
	FCNCA	B	0.06%	0.05%	0.05%
	FCX	F	0.15%	0.13%	0.13%
	FDS	A	0.07%	0.03%	0.03%
	FE	D	0.08%	0.04%	0.04%
	FI	A	0.08%	0.23%	0.08%
	FICO	B	0.07%	0.11%	0.07%
	FIS	B	0.04%	0.09%	0.04%
	FITB	A	0.1%	0.06%	0.06%
	FNF	C	0.0%	0.02%	0.0%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.08%	0.11%	0.08%
	FTV	C	0.07%	0.05%	0.05%
	GD	C	0.06%	0.14%	0.06%
	GDDY	B	0.01%	0.04%	0.01%
	GE	D	0.17%	0.38%	0.17%
	GEHC	D	0.01%	0.06%	0.01%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.16%	0.18%	0.16%
	GGG	B	0.04%	0.03%	0.03%
	GLPI	D	0.03%	0.02%	0.02%
	GLW	B	0.06%	0.07%	0.06%
	GM	B	0.08%	0.12%	0.08%
	GOOG	C	2.71%	1.77%	1.77%
	GOOGL	C	3.12%	1.97%	1.97%
	GPN	B	0.02%	0.05%	0.02%
	GRMN	A	0.23%	0.06%	0.06%
	GS	B	0.55%	0.36%	0.36%
	GWW	B	0.41%	0.1%	0.1%
	HBAN	A	0.06%	0.05%	0.05%
	HCA	D	0.03%	0.13%	0.03%
	HD	B	1.45%	0.76%	0.76%
	HEI	A	0.01%	0.03%	0.01%
	HEI	A	0.01%	0.02%	0.01%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.03%	0.0%
	HES	B	0.05%	0.07%	0.05%
	HIG	C	0.1%	0.07%	0.07%
	HII	F	0.0%	0.02%	0.0%
	HLT	A	0.03%	0.11%	0.03%
	HOLX	D	0.01%	0.03%	0.01%
	HON	B	1.28%	0.27%	0.27%
	HOOD	B	0.04%	0.03%	0.03%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.06%	0.07%	0.06%
	HUBB	C	0.04%	0.05%	0.04%
	HUBS	B	0.04%	0.06%	0.04%
	HUM	D	0.01%	0.06%	0.01%
	HWM	B	0.03%	0.09%	0.03%
	IBM	D	0.12%	0.37%	0.12%
	ICE	C	0.32%	0.17%	0.17%
	IDXX	F	0.01%	0.07%	0.01%
	IEX	B	0.04%	0.03%	0.03%
	ILMN	C	0.06%	0.05%	0.05%
	INTC	C	0.2%	0.21%	0.2%
	INTU	A	0.28%	0.36%	0.28%
	IP	B	0.28%	0.04%	0.04%
	IQV	F	0.09%	0.08%	0.08%
	IR	A	0.11%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.06%	0.36%	0.06%
	IT	B	0.02%	0.08%	0.02%
	ITW	B	0.22%	0.15%	0.15%
	J	D	0.03%	0.04%	0.03%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	C	0.02%	0.03%	0.02%
	JCI	A	0.31%	0.11%	0.11%
	JKHY	C	0.0%	0.02%	0.0%
	JNJ	D	0.1%	0.71%	0.1%
	JPM	A	1.93%	1.27%	1.27%
	KEY	B	0.05%	0.03%	0.03%
	KEYS	C	0.04%	0.05%	0.04%
	KKR	B	0.27%	0.19%	0.19%
	KLAC	F	0.19%	0.17%	0.17%
	KMI	B	0.08%	0.1%	0.08%
	KMX	B	0.05%	0.02%	0.02%
	KR	A	0.04%	0.08%	0.04%
	L	A	0.04%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.32%	0.08%	0.08%
	LEN	D	0.32%	0.0%	0.0%
	LH	B	0.01%	0.04%	0.01%
	LHX	B	0.04%	0.09%	0.04%
	LII	B	0.12%	0.04%	0.04%
	LLY	F	0.16%	1.33%	0.16%
	LMT	D	0.1%	0.23%	0.1%
	LNG	B	0.06%	0.09%	0.06%
	LNT	C	0.06%	0.03%	0.03%
	LOW	B	0.56%	0.29%	0.29%
	LPLA	A	0.07%	0.04%	0.04%
	LRCX	F	0.21%	0.19%	0.19%
	LUV	B	0.01%	0.04%	0.01%
	LVS	C	0.01%	0.04%	0.01%
	MA	B	0.28%	0.81%	0.28%
	MANH	C	0.03%	0.03%	0.03%
	MAR	A	0.04%	0.12%	0.04%
	MAS	D	0.11%	0.03%	0.03%
	MCD	C	0.14%	0.41%	0.14%
	MCHP	F	0.09%	0.07%	0.07%
	MCK	B	0.03%	0.15%	0.03%
	MCO	C	0.26%	0.14%	0.14%
	MDB	C	0.01%	0.04%	0.01%
	MDT	D	0.04%	0.21%	0.04%
	MELI	D	0.13%	0.17%	0.13%
	MET	C	0.14%	0.09%	0.09%
	META	B	3.86%	2.44%	2.44%
	MGM	D	0.01%	0.02%	0.01%
	MKL	A	0.05%	0.04%	0.04%
	MLM	B	0.82%	0.07%	0.07%
	MMC	D	0.32%	0.21%	0.21%
	MMM	C	0.66%	0.14%	0.14%
	MO	A	0.31%	0.17%	0.17%
	MOH	F	0.01%	0.04%	0.01%
	MPC	D	0.08%	0.1%	0.08%
	MPWR	F	0.08%	0.07%	0.07%
	MRK	F	0.07%	0.49%	0.07%
	MRO	B	0.03%	0.03%	0.03%
	MRVL	B	0.16%	0.15%	0.15%
	MS	A	0.46%	0.31%	0.31%
	MSCI	B	0.16%	0.09%	0.09%
	MSFT	C	4.62%	5.93%	4.62%
	MSTR	B	0.06%	0.09%	0.06%
	MTB	A	0.1%	0.07%	0.07%
	MTD	F	0.07%	0.05%	0.05%
	MU	D	0.24%	0.23%	0.23%
	NDAQ	B	0.11%	0.06%	0.06%
	NDSN	B	0.04%	0.03%	0.03%
	NEE	D	0.6%	0.3%	0.3%
	NEM	F	0.14%	0.1%	0.1%
	NET	B	0.02%	0.05%	0.02%
	NOC	D	0.06%	0.15%	0.06%
	NOW	A	0.31%	0.39%	0.31%
	NRG	C	0.07%	0.04%	0.04%
	NSC	B	0.17%	0.12%	0.12%
	NTAP	D	0.04%	0.05%	0.04%
	NTRS	A	0.08%	0.04%	0.04%
	NVDA	A	7.14%	6.61%	6.61%
	NVR	D	0.23%	0.05%	0.05%
	NXPI	F	0.13%	0.11%	0.11%
	OC	A	0.09%	0.03%	0.03%
	ODFL	B	0.12%	0.08%	0.08%
	OKE	A	0.08%	0.12%	0.08%
	OKTA	C	0.01%	0.02%	0.01%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.45%	0.57%	0.45%
	ORLY	A	0.25%	0.13%	0.13%
	OTIS	D	0.12%	0.08%	0.08%
	OVV	C	0.02%	0.02%	0.02%
	OXY	F	0.05%	0.06%	0.05%
	PANW	B	0.19%	0.24%	0.19%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.16%	0.11%	0.11%
	PCG	A	0.15%	0.08%	0.08%
	PFE	F	0.04%	0.29%	0.04%
	PFG	C	0.07%	0.04%	0.04%
	PGR	A	0.4%	0.29%	0.29%
	PH	A	0.24%	0.17%	0.17%
	PHM	D	0.2%	0.05%	0.05%
	PINS	F	0.06%	0.03%	0.03%
	PKG	B	0.31%	0.04%	0.04%
	PLTR	B	0.13%	0.22%	0.13%
	PM	B	0.67%	0.37%	0.37%
	PNC	B	0.24%	0.15%	0.15%
	PNR	A	0.05%	0.03%	0.03%
	PODD	B	0.0%	0.03%	0.0%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.08%	0.08%
	PSA	D	0.1%	0.1%	0.1%
	PSTG	D	0.03%	0.03%	0.03%
	PSX	C	0.08%	0.1%	0.08%
	PTC	B	0.04%	0.04%	0.04%
	PWR	B	0.13%	0.09%	0.09%
	PYPL	A	0.05%	0.16%	0.05%
	QCOM	F	0.39%	0.36%	0.36%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.03%	0.1%	0.03%
	RF	A	0.07%	0.04%	0.04%
	RJF	A	0.1%	0.06%	0.06%
	RMD	C	0.01%	0.07%	0.01%
	ROK	B	0.06%	0.06%	0.06%
	ROL	C	0.07%	0.03%	0.03%
	ROP	A	0.09%	0.11%	0.09%
	ROST	D	0.18%	0.09%	0.09%
	RSG	B	0.23%	0.08%	0.08%
	RTX	D	0.14%	0.31%	0.14%
	RVTY	C	0.04%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.07%	0.21%	0.07%
	SCHW	B	0.34%	0.2%	0.2%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.04%	0.04%
	SNAP	C	0.04%	0.02%	0.02%
	SNOW	C	0.02%	0.07%	0.02%
	SNPS	C	0.13%	0.16%	0.13%
	SO	D	0.37%	0.18%	0.18%
	SPGI	C	0.51%	0.3%	0.3%
	SQ	B	0.03%	0.08%	0.03%
	SSNC	C	0.03%	0.03%	0.03%
	STE	D	0.01%	0.04%	0.01%
	STT	B	0.11%	0.05%	0.05%
	STX	D	0.04%	0.04%	0.04%
	SW	B	0.41%	0.05%	0.05%
	SWK	F	0.04%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.21%	0.05%	0.05%
	SYK	A	0.04%	0.26%	0.04%
	SYY	D	0.03%	0.07%	0.03%
	TDG	D	0.06%	0.14%	0.06%
	TDY	B	0.03%	0.04%	0.03%
	TEAM	B	0.06%	0.07%	0.06%
	TECH	D	0.03%	0.02%	0.02%
	TER	F	0.03%	0.03%	0.03%
	TFC	B	0.18%	0.11%	0.11%
	TGT	C	0.07%	0.13%	0.07%
	TJX	A	0.47%	0.25%	0.25%
	TMO	F	0.49%	0.4%	0.4%
	TMUS	A	4.54%	0.22%	0.22%
	TPL	B	0.03%	0.05%	0.03%
	TRGP	B	0.05%	0.08%	0.05%
	TRMB	B	0.02%	0.03%	0.02%
	TROW	A	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.04%	0.04%
	TRV	B	0.16%	0.11%	0.11%
	TSCO	D	0.11%	0.06%	0.06%
	TSLA	B	0.98%	1.68%	0.98%
	TT	B	0.54%	0.17%	0.17%
	TW	B	0.06%	0.03%	0.03%
	TWLO	B	0.01%	0.03%	0.01%
	TXN	B	0.39%	0.38%	0.38%
	TXT	D	0.01%	0.03%	0.01%
	TYL	B	0.04%	0.05%	0.04%
	UBER	F	0.43%	0.27%	0.27%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	C	0.07%	0.04%	0.04%
	UNH	B	0.23%	1.07%	0.23%
	UNP	D	0.44%	0.28%	0.28%
	URI	B	0.44%	0.11%	0.11%
	USB	B	0.23%	0.15%	0.15%
	V	A	0.31%	0.97%	0.31%
	VEEV	B	0.25%	0.07%	0.07%
	VICI	D	0.06%	0.06%	0.06%
	VLO	C	0.06%	0.08%	0.06%
	VLTO	D	0.13%	0.05%	0.05%
	VMC	B	0.81%	0.07%	0.07%
	VRSK	A	0.07%	0.08%	0.07%
	VRSN	C	0.01%	0.03%	0.01%
	VRT	B	0.08%	0.09%	0.08%
	VTR	C	0.04%	0.05%	0.04%
	VTRS	B	0.01%	0.03%	0.01%
	WAB	B	0.1%	0.07%	0.07%
	WAT	B	0.05%	0.04%	0.04%
	WBA	D	0.01%	0.01%	0.01%
	WDAY	B	0.08%	0.1%	0.08%
	WDC	D	0.04%	0.04%	0.04%
	WELL	B	0.11%	0.16%	0.11%
	WFC	A	0.68%	0.45%	0.45%
	WM	A	0.45%	0.15%	0.15%
	WMB	B	0.1%	0.13%	0.1%
	WMT	A	0.36%	0.69%	0.36%
	WRB	B	0.05%	0.03%	0.03%
	WSM	F	0.07%	0.03%	0.03%
	WSO	B	0.14%	0.04%	0.04%
	WST	B	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.06%	0.06%
	WY	F	0.05%	0.04%	0.04%
	WYNN	C	0.01%	0.02%	0.01%
	XEL	A	0.14%	0.07%	0.07%
	XOM	B	0.79%	1.01%	0.79%
	XYL	F	0.08%	0.06%	0.06%
	YUM	B	0.02%	0.07%	0.02%
	ZBH	C	0.01%	0.04%	0.01%
	ZBRA	B	0.03%	0.04%	0.03%
	ZM	B	0.03%	0.04%	0.03%
	ZS	B	0.03%	0.03%	0.03%
	ZTS	D	0.02%	0.15%	0.02%

INRO Overweight 18 Positions Relative to ILCB

	Symbol	Grade	Weight
	WCN	A	0.24%
	FBIN	F	0.07%
	SEIC	A	0.06%
	MKTX	C	0.04%
	CBOE	D	0.04%
	MTCH	F	0.03%
	FLUT	A	0.03%
	BBWI	C	0.03%
	AIZ	A	0.03%
	IOT	B	0.02%
	BIO	C	0.02%
	Z	B	0.02%
	TTC	F	0.02%
	KNX	C	0.02%
	TOST	A	0.01%
	CHRD	D	0.01%
	RIVN	F	0.01%
	H	B	0.0%

INRO Underweight 186 Positions Relative to ILCB

	Symbol	Grade	Weight
	PG	C	-0.75%
	ABBV	F	-0.66%
	NFLX	A	-0.64%
	KO	F	-0.47%
	CSCO	A	-0.44%
	PEP	D	-0.43%
	LIN	D	-0.42%
	DIS	B	-0.34%
	AMGN	F	-0.33%
	CMCSA	B	-0.32%
	VZ	D	-0.32%
	T	A	-0.3%
	BLK	A	-0.29%
	VRTX	B	-0.25%
	GILD	B	-0.23%
	PLD	D	-0.2%
	ANET	C	-0.19%
	UPS	C	-0.18%
	REGN	F	-0.17%
	MDLZ	F	-0.17%
	NKE	F	-0.17%
	SHW	A	-0.17%
	MSI	B	-0.16%
	CL	F	-0.14%
	CRH	B	-0.13%
	APD	B	-0.13%
	SLB	C	-0.12%
	ECL	C	-0.12%
	FDX	B	-0.12%
	TTD	B	-0.11%
	SRE	B	-0.11%
	SPG	A	-0.1%
	KMB	D	-0.09%
	VST	B	-0.09%
	TEL	B	-0.09%
	D	D	-0.09%
	O	D	-0.09%
	CTVA	C	-0.08%
	KVUE	A	-0.08%
	FERG	B	-0.08%
	PEG	C	-0.08%
	BKR	B	-0.08%
	ALNY	D	-0.07%
	DD	D	-0.07%
	KDP	C	-0.07%
	GIS	F	-0.07%
	NUE	D	-0.07%
	STZ	D	-0.07%
	MNST	B	-0.07%
	EA	A	-0.07%
	CHTR	B	-0.07%
	TTWO	A	-0.06%
	PPG	F	-0.06%
	WEC	B	-0.06%
	DOW	F	-0.06%
	AVB	B	-0.06%
	ED	D	-0.06%
	LULU	B	-0.06%
	AEE	B	-0.05%
	DTE	D	-0.05%
	ADM	F	-0.05%
	BIIB	F	-0.05%
	EQR	C	-0.05%
	HAL	C	-0.05%
	HSY	F	-0.05%
	CHD	A	-0.05%
	AWK	D	-0.05%
	DECK	B	-0.05%
	RBLX	B	-0.05%
	UAL	A	-0.05%
	CPNG	B	-0.05%
	KHC	F	-0.05%
	EXE	A	-0.04%
	MAA	C	-0.04%
	INVH	D	-0.04%
	ESS	C	-0.04%
	CNP	B	-0.04%
	MKC	D	-0.04%
	CMS	D	-0.04%
	COO	D	-0.04%
	OMC	A	-0.04%
	WBD	B	-0.04%
	CLX	A	-0.04%
	K	A	-0.04%
	ATO	B	-0.04%
	STLD	C	-0.04%
	LYB	F	-0.04%
	IFF	F	-0.04%
	UDR	C	-0.03%
	CLH	B	-0.03%
	PFGC	B	-0.03%
	APTV	F	-0.03%
	CAG	F	-0.03%
	INCY	B	-0.03%
	RNR	D	-0.03%
	FFIV	B	-0.03%
	POOL	D	-0.03%
	SAIA	B	-0.03%
	RGA	A	-0.03%
	EL	F	-0.03%
	USFD	B	-0.03%
	CF	B	-0.03%
	CASY	B	-0.03%
	SUI	F	-0.03%
	MRNA	F	-0.03%
	UTHR	B	-0.03%
	THC	B	-0.03%
	NI	A	-0.03%
	TOL	B	-0.03%
	FLEX	B	-0.03%
	NTRA	B	-0.03%
	FIX	B	-0.03%
	TSN	B	-0.03%
	KIM	A	-0.03%
	EXPD	C	-0.03%
	FWONK	A	-0.03%
	NTNX	B	-0.03%
	GPC	D	-0.03%
	RPM	A	-0.03%
	XPO	B	-0.03%
	IBKR	A	-0.03%
	RS	C	-0.03%
	LYV	A	-0.03%
	AR	B	-0.02%
	HRL	F	-0.02%
	CPB	F	-0.02%
	MOS	D	-0.02%
	CE	F	-0.02%
	MEDP	D	-0.02%
	TFX	F	-0.02%
	EXAS	F	-0.02%
	MORN	B	-0.02%
	UNM	A	-0.02%
	AES	F	-0.02%
	WMS	F	-0.02%
	WTRG	C	-0.02%
	WING	D	-0.02%
	SOLV	C	-0.02%
	LKQ	C	-0.02%
	FOXA	A	-0.02%
	RPRX	F	-0.02%
	FND	F	-0.02%
	CHDN	B	-0.02%
	TAP	B	-0.02%
	SRPT	F	-0.02%
	BJ	B	-0.02%
	NWSA	B	-0.02%
	IPG	F	-0.02%
	LW	B	-0.02%
	ALB	C	-0.02%
	AMH	C	-0.02%
	RRX	B	-0.02%
	BLD	F	-0.02%
	SJM	F	-0.02%
	EMN	D	-0.02%
	BG	D	-0.02%
	TTEK	F	-0.02%
	WPC	F	-0.02%
	REG	A	-0.02%
	LECO	C	-0.02%
	EQH	B	-0.02%
	HST	D	-0.02%
	NVT	C	-0.02%
	BMRN	F	-0.02%
	JNPR	D	-0.02%
	ELS	B	-0.02%
	CPT	C	-0.02%
	SCI	B	-0.02%
	NBIX	C	-0.02%
	COTY	D	-0.01%
	PAG	B	-0.01%
	NWS	B	-0.01%
	CELH	F	-0.01%
	WLK	F	-0.01%
	BRKR	F	-0.01%
	FOX	A	-0.01%
	SNX	C	-0.01%
	U	F	-0.01%
	PCOR	B	-0.01%
	SIRI	C	-0.01%
	AZPN	A	-0.01%
	ACI	C	-0.01%
	CNM	D	-0.01%
	FWONA	B	-0.0%
	AGR	C	-0.0%
	ALAB	C	-0.0%

INRO: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Electronics Bank Dow Jones Component Aerospace Banking Electricity Cloud Computing Semiconductor Insurance Products Medicine Chemical Investment Bank Mining Telecommunications Work From Home

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