IWB vs. CLSE ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Convergence Long/Short Equity ETF (CLSE)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index 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. It seeks to track the investment results of the Russell 1000® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$325.03

Average Daily Volume

814,960

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

63,329

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	IWB	CLSE
30 Days	1.32%	4.36%
60 Days	4.39%	7.10%
90 Days	6.21%	9.99%
12 Months	32.06%	40.17%

253 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in CLSE	Overlap
	AA	A	0.02%	-0.14%	-0.14%
	AAPL	C	6.04%	0.83%	0.83%
	ABBV	F	0.54%	0.72%	0.54%
	ABNB	D	0.11%	-0.34%	-0.34%
	AES	F	0.02%	-0.08%	-0.08%
	AFRM	A	0.02%	-0.35%	-0.35%
	AGCO	F	0.01%	-0.18%	-0.18%
	AGO	A	0.01%	-0.16%	-0.16%
	AJG	B	0.12%	-0.17%	-0.17%
	AL	B	0.01%	-0.18%	-0.18%
	ALB	B	0.02%	-0.16%	-0.16%
	ALGM	F	0.0%	-0.45%	-0.45%
	ALL	A	0.1%	0.45%	0.1%
	ALSN	B	0.02%	0.66%	0.02%
	AMG	C	0.01%	0.58%	0.01%
	AMZN	B	3.48%	2.53%	2.53%
	ANET	C	0.18%	1.83%	0.18%
	APA	F	0.02%	0.25%	0.02%
	APD	A	0.13%	-0.15%	-0.15%
	APH	B	0.15%	0.67%	0.15%
	APLS	F	0.01%	-0.3%	-0.3%
	APO	A	0.16%	-0.35%	-0.35%
	APP	A	0.14%	2.25%	0.14%
	APTV	F	0.03%	-0.32%	-0.32%
	ATO	A	0.04%	-0.1%	-0.1%
	AVGO	C	1.38%	2.28%	1.38%
	AVT	C	0.01%	0.66%	0.01%
	AWK	C	0.05%	-0.26%	-0.26%
	BA	D	0.18%	-0.4%	-0.4%
	BAC	A	0.59%	0.81%	0.59%
	BAH	D	0.04%	0.18%	0.04%
	BC	D	0.01%	-0.08%	-0.08%
	BEN	C	0.01%	-0.36%	-0.36%
	BHF	C	0.01%	-0.16%	-0.16%
	BILL	B	0.02%	-0.26%	-0.26%
	BIRK	D	0.0%	-0.2%	-0.2%
	BKNG	A	0.31%	0.44%	0.31%
	BLK	B	0.29%	0.65%	0.29%
	BMY	A	0.21%	1.11%	0.21%
	BPOP	C	0.01%	-0.14%	-0.14%
	BRKR	F	0.01%	-0.18%	-0.18%
	C	B	0.24%	-0.19%	-0.19%
	CACC	F	0.01%	-0.36%	-0.36%
	CACI	C	0.02%	0.48%	0.02%
	CAH	B	0.05%	0.86%	0.05%
	CCL	A	0.05%	0.35%	0.05%
	CDNS	B	0.15%	-0.46%	-0.46%
	CELH	F	0.01%	-0.24%	-0.24%
	CF	A	0.03%	0.37%	0.03%
	CFLT	B	0.01%	-0.47%	-0.47%
	CGNX	D	0.01%	-0.45%	-0.45%
	CHDN	C	0.02%	-0.18%	-0.18%
	CHRW	B	0.02%	0.61%	0.02%
	CHTR	B	0.07%	-0.48%	-0.48%
	CINF	A	0.04%	0.12%	0.04%
	CMA	B	0.02%	0.71%	0.02%
	CNA	C	0.0%	0.37%	0.0%
	CNC	F	0.06%	0.31%	0.06%
	CNH	C	0.02%	-0.18%	-0.18%
	COHR	B	0.02%	-0.36%	-0.36%
	COLD	F	0.01%	-0.15%	-0.15%
	COR	B	0.07%	0.86%	0.07%
	COTY	F	0.01%	-0.18%	-0.18%
	CPNG	D	0.05%	0.77%	0.05%
	CRL	D	0.02%	-0.15%	-0.15%
	CSCO	B	0.43%	-0.52%	-0.52%
	CVNA	A	0.05%	1.85%	0.05%
	CVS	F	0.12%	0.29%	0.12%
	CZR	F	0.01%	-0.15%	-0.15%
	DAR	B	0.01%	-0.16%	-0.16%
	DAY	B	0.02%	-0.14%	-0.14%
	DELL	B	0.07%	-0.25%	-0.25%
	DG	F	0.03%	-0.4%	-0.4%
	DLR	A	0.11%	-0.13%	-0.13%
	DLTR	F	0.02%	-0.41%	-0.41%
	DOCU	B	0.03%	1.37%	0.03%
	DUOL	A	0.02%	0.45%	0.02%
	DV	C	0.0%	-0.45%	-0.45%
	DVA	C	0.01%	0.78%	0.01%
	DXCM	C	0.06%	-0.63%	-0.63%
	EEFT	C	0.01%	0.22%	0.01%
	EL	F	0.03%	-0.12%	-0.12%
	ELF	C	0.01%	-0.24%	-0.24%
	EME	A	0.04%	0.75%	0.04%
	ENOV	C	0.0%	-0.18%	-0.18%
	ENPH	F	0.01%	-0.11%	-0.11%
	EQIX	A	0.16%	-0.14%	-0.14%
	EQR	C	0.05%	0.35%	0.05%
	EQT	A	0.05%	-0.23%	-0.23%
	ESTC	C	0.01%	-0.29%	-0.29%
	EW	C	0.07%	-0.16%	-0.16%
	EXAS	D	0.02%	-0.07%	-0.07%
	EXP	B	0.02%	0.48%	0.02%
	EXPD	D	0.03%	0.14%	0.03%
	EXPE	B	0.04%	0.61%	0.04%
	EXR	C	0.06%	-0.13%	-0.13%
	FCNCA	A	0.05%	-0.35%	-0.35%
	FFIV	B	0.03%	0.6%	0.03%
	FITB	B	0.06%	0.78%	0.06%
	FIVE	F	0.01%	-0.56%	-0.56%
	FIVN	C	0.01%	-0.16%	-0.16%
	FND	F	0.02%	-0.53%	-0.53%
	FOUR	A	0.01%	-0.27%	-0.27%
	FOXA	B	0.02%	0.14%	0.02%
	FSLR	F	0.04%	-1.26%	-1.26%
	FTI	A	0.02%	0.74%	0.02%
	GDDY	A	0.05%	1.42%	0.05%
	GE	D	0.36%	-0.46%	-0.46%
	GEN	B	0.03%	0.68%	0.03%
	GILD	C	0.2%	1.07%	0.2%
	GLW	B	0.07%	0.52%	0.07%
	GM	B	0.12%	0.87%	0.12%
	GNTX	F	0.01%	-0.09%	-0.09%
	GOOG	B	1.58%	0.49%	0.49%
	GOOGL	B	1.87%	3.47%	1.87%
	GRMN	B	0.06%	0.37%	0.06%
	GTLB	B	0.01%	-0.32%	-0.32%
	HD	A	0.75%	1.13%	0.75%
	HPE	B	0.05%	1.92%	0.05%
	HSY	F	0.05%	-0.24%	-0.24%
	HUN	F	0.01%	-0.07%	-0.07%
	ILMN	C	0.04%	0.1%	0.04%
	INCY	C	0.02%	0.07%	0.02%
	INSP	F	0.01%	-0.34%	-0.34%
	INTC	C	0.19%	-0.93%	-0.93%
	IONS	F	0.01%	-0.24%	-0.24%
	J	D	0.03%	0.31%	0.03%
	JAZZ	C	0.01%	0.16%	0.01%
	JHG	B	0.01%	1.21%	0.01%
	JLL	D	0.02%	0.2%	0.02%
	JNJ	D	0.69%	0.83%	0.69%
	JPM	A	1.3%	0.64%	0.64%
	KEY	B	0.03%	-0.25%	-0.25%
	KNSL	B	0.02%	-0.2%	-0.2%
	KNX	B	0.02%	-0.06%	-0.06%
	KR	B	0.07%	0.17%	0.07%
	LAMR	D	0.02%	0.31%	0.02%
	LDOS	C	0.04%	0.55%	0.04%
	LITE	B	0.01%	-0.6%	-0.6%
	LKQ	F	0.02%	-0.17%	-0.17%
	LNG	A	0.09%	0.97%	0.09%
	LPLA	A	0.04%	-0.34%	-0.34%
	LPX	B	0.01%	0.43%	0.01%
	LRCX	F	0.17%	0.0%	0.0%
	LSCC	D	0.01%	-0.7%	-0.7%
	LW	C	0.02%	-0.25%	-0.25%
	LYV	A	0.04%	-0.3%	-0.3%
	MASI	B	0.01%	-0.17%	-0.17%
	MCHP	F	0.06%	-0.63%	-0.63%
	MDB	C	0.04%	-0.29%	-0.29%
	MDT	D	0.21%	0.29%	0.21%
	MET	A	0.09%	0.52%	0.09%
	META	C	2.24%	3.3%	2.24%
	MKL	A	0.04%	-0.14%	-0.14%
	MKTX	D	0.02%	-0.29%	-0.29%
	MLM	B	0.07%	-0.13%	-0.13%
	MNST	C	0.07%	-0.28%	-0.28%
	MO	A	0.18%	0.79%	0.18%
	MPWR	F	0.05%	0.3%	0.05%
	MRNA	F	0.02%	-0.47%	-0.47%
	MSCI	B	0.08%	-0.27%	-0.27%
	MTN	C	0.01%	-0.22%	-0.22%
	MTZ	A	0.02%	0.66%	0.02%
	MU	D	0.2%	2.13%	0.2%
	MUSA	B	0.02%	0.2%	0.02%
	NDAQ	A	0.06%	-0.3%	-0.3%
	NEM	D	0.09%	0.22%	0.09%
	NFLX	A	0.65%	0.79%	0.65%
	NRG	B	0.04%	0.71%	0.04%
	NSC	B	0.11%	-0.1%	-0.1%
	NTAP	C	0.04%	1.0%	0.04%
	NTNX	B	0.03%	1.16%	0.03%
	NTRA	A	0.03%	0.17%	0.03%
	NTRS	A	0.04%	1.08%	0.04%
	NVDA	A	6.14%	4.61%	4.61%
	NVR	D	0.05%	0.24%	0.05%
	NWS	A	0.01%	-0.57%	-0.57%
	ON	F	0.05%	-0.39%	-0.39%
	ORCL	A	0.53%	1.33%	0.53%
	OSK	C	0.01%	-0.16%	-0.16%
	PENN	C	0.01%	-0.05%	-0.05%
	PG	C	0.74%	0.45%	0.45%
	PGR	B	0.28%	0.46%	0.28%
	PINS	F	0.03%	-0.41%	-0.41%
	PLTR	A	0.24%	1.02%	0.24%
	PNC	B	0.15%	0.72%	0.15%
	PNW	B	0.02%	0.48%	0.02%
	POOL	D	0.02%	-0.61%	-0.61%
	PPC	B	0.0%	0.85%	0.0%
	PRU	B	0.08%	0.13%	0.08%
	PSA	C	0.1%	-0.23%	-0.23%
	PYCR	C	0.0%	-0.14%	-0.14%
	PYPL	B	0.16%	1.33%	0.16%
	QCOM	F	0.33%	1.73%	0.33%
	R	B	0.01%	0.38%	0.01%
	RBLX	B	0.05%	-0.41%	-0.41%
	REXR	F	0.02%	-0.14%	-0.14%
	RF	A	0.04%	0.72%	0.04%
	RGA	B	0.03%	0.55%	0.03%
	RGLD	C	0.02%	0.32%	0.02%
	RH	D	0.01%	-0.47%	-0.47%
	RIVN	F	0.02%	-0.42%	-0.42%
	RMD	C	0.06%	0.4%	0.06%
	RNR	C	0.02%	-0.15%	-0.15%
	ROP	C	0.11%	-0.7%	-0.7%
	RYN	D	0.01%	-0.07%	-0.07%
	SAIA	C	0.03%	-0.22%	-0.22%
	SEIC	B	0.02%	0.95%	0.02%
	SITE	D	0.01%	-0.16%	-0.16%
	SMCI	F	0.02%	-0.47%	-0.47%
	SNPS	C	0.15%	-0.44%	-0.44%
	SOFI	A	0.03%	-0.28%	-0.28%
	SPG	A	0.11%	0.37%	0.11%
	SRE	A	0.11%	-0.2%	-0.2%
	STLD	B	0.04%	-0.13%	-0.13%
	SW	A	0.05%	-0.17%	-0.17%
	SYF	B	0.05%	1.11%	0.05%
	T	A	0.3%	0.29%	0.29%
	TEAM	A	0.07%	-0.27%	-0.27%
	THC	C	0.03%	0.78%	0.03%
	TMUS	B	0.21%	0.7%	0.21%
	TOL	B	0.03%	0.22%	0.03%
	TREX	D	0.01%	-0.17%	-0.17%
	TSLA	A	1.65%	1.22%	1.22%
	TSN	B	0.03%	0.6%	0.03%
	TTWO	A	0.06%	-0.43%	-0.43%
	TXN	C	0.34%	-0.81%	-0.81%
	U	F	0.01%	-0.41%	-0.41%
	UHAL	D	0.0%	-0.16%	-0.16%
	UHAL	D	0.01%	-0.16%	-0.16%
	UHS	D	0.02%	0.7%	0.02%
	UI	A	0.0%	0.49%	0.0%
	UNP	D	0.27%	0.47%	0.27%
	UTHR	C	0.03%	0.73%	0.03%
	VLO	C	0.08%	0.29%	0.08%
	VMC	B	0.07%	-0.13%	-0.13%
	VRT	A	0.08%	0.68%	0.08%
	VRTX	D	0.22%	0.23%	0.22%
	VST	A	0.09%	0.55%	0.09%
	VVV	D	0.01%	-0.33%	-0.33%
	WAL	B	0.02%	-0.19%	-0.19%
	WBD	B	0.04%	-0.43%	-0.43%
	WDC	F	0.04%	-0.65%	-0.65%
	WFC	A	0.48%	0.75%	0.48%
	WMT	A	0.68%	1.82%	0.68%
	WST	D	0.04%	-0.59%	-0.59%
	WTM	A	0.01%	-0.21%	-0.21%
	WTRG	B	0.02%	-0.24%	-0.24%
	XPO	B	0.03%	-0.16%	-0.16%
	XYL	D	0.05%	-0.23%	-0.23%
	ZBRA	B	0.04%	-0.34%	-0.34%
	ZI	D	0.01%	-0.36%	-0.36%
	ZION	B	0.02%	0.71%	0.02%

IWB Overweight 747 Positions Relative to CLSE

	Symbol	Grade	Weight
	MSFT	D	5.7%
	BRK.A	B	1.59%
	LLY	F	1.1%
	UNH	C	1.01%
	XOM	B	0.99%
	V	A	0.9%
	MA	B	0.8%
	COST	A	0.74%
	CRM	B	0.56%
	CVX	A	0.51%
	MRK	F	0.45%
	KO	D	0.44%
	ACN	C	0.41%
	ADBE	D	0.41%
	LIN	D	0.4%
	AMD	F	0.4%
	PEP	F	0.4%
	MCD	D	0.39%
	DIS	B	0.39%
	NOW	B	0.38%
	PM	A	0.37%
	ABT	A	0.37%
	TMO	F	0.36%
	GS	B	0.35%
	CAT	C	0.35%
	INTU	B	0.35%
	IBM	C	0.35%
	ISRG	A	0.34%
	VZ	C	0.32%
	AXP	B	0.3%
	CMCSA	B	0.3%
	MS	A	0.29%
	NEE	C	0.29%
	SPGI	D	0.29%
	RTX	D	0.29%
	HON	B	0.28%
	AMGN	D	0.28%
	LOW	C	0.28%
	UBER	F	0.27%
	DHR	D	0.27%
	AMAT	F	0.26%
	PFE	F	0.26%
	SYK	A	0.26%
	ETN	B	0.26%
	TJX	A	0.25%
	BSX	A	0.24%
	BX	A	0.24%
	COP	B	0.24%
	ADP	B	0.23%
	CB	C	0.22%
	PANW	B	0.22%
	SCHW	A	0.22%
	FI	A	0.22%
	SBUX	A	0.21%
	LMT	D	0.21%
	MMC	D	0.2%
	DE	C	0.19%
	KKR	A	0.19%
	ADI	D	0.19%
	PLD	D	0.19%
	SO	C	0.18%
	UPS	C	0.18%
	PH	B	0.17%
	CI	D	0.17%
	GEV	A	0.17%
	AMT	D	0.17%
	NKE	F	0.17%
	TT	A	0.17%
	ELV	F	0.17%
	MDLZ	F	0.16%
	DUK	C	0.16%
	WM	B	0.16%
	ICE	C	0.16%
	SHW	C	0.16%
	MCK	A	0.15%
	REGN	F	0.15%
	CMG	C	0.15%
	ZTS	D	0.15%
	ITW	B	0.15%
	MSI	B	0.15%
	CME	A	0.15%
	WELL	A	0.15%
	KLAC	F	0.15%
	AON	B	0.14%
	CTAS	B	0.14%
	MCO	D	0.14%
	MRVL	B	0.14%
	CL	D	0.14%
	CRWD	B	0.14%
	EOG	A	0.14%
	USB	B	0.14%
	GD	D	0.14%
	TDG	D	0.13%
	NOC	D	0.13%
	WMB	A	0.13%
	CSX	C	0.13%
	COF	B	0.13%
	ORLY	B	0.13%
	CEG	C	0.13%
	TGT	B	0.13%
	MMM	D	0.13%
	EMR	A	0.13%
	CARR	D	0.12%
	MAR	B	0.12%
	OKE	A	0.12%
	ADSK	B	0.12%
	HCA	F	0.12%
	BDX	F	0.12%
	FDX	B	0.12%
	CRH	B	0.12%
	PCAR	C	0.11%
	BK	B	0.11%
	DASH	A	0.11%
	FTNT	B	0.11%
	TRV	A	0.11%
	COIN	A	0.11%
	HLT	A	0.11%
	ECL	D	0.11%
	FCX	F	0.11%
	SLB	C	0.11%
	TFC	A	0.11%
	AFL	C	0.11%
	TTD	B	0.1%
	KMI	A	0.1%
	AZO	C	0.1%
	MSTR	A	0.1%
	FICO	B	0.1%
	WDAY	C	0.1%
	RCL	A	0.1%
	PSX	C	0.1%
	MPC	D	0.1%
	URI	B	0.1%
	AMP	A	0.1%
	JCI	B	0.1%
	ROST	D	0.09%
	LHX	B	0.09%
	FAST	B	0.09%
	PWR	A	0.09%
	SQ	A	0.09%
	DHI	D	0.09%
	D	C	0.09%
	AIG	C	0.09%
	CPRT	B	0.09%
	O	C	0.09%
	FIS	C	0.09%
	CMI	A	0.09%
	AEP	C	0.09%
	GWW	B	0.09%
	HES	B	0.08%
	IR	B	0.08%
	DAL	A	0.08%
	ODFL	B	0.08%
	RSG	A	0.08%
	TRGP	A	0.08%
	BKR	B	0.08%
	AXON	A	0.08%
	EA	A	0.08%
	F	C	0.08%
	DFS	B	0.08%
	PEG	C	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	KMB	C	0.08%
	CCI	C	0.08%
	HWM	A	0.08%
	KVUE	A	0.08%
	PAYX	B	0.08%
	GIS	F	0.07%
	KDP	D	0.07%
	MTB	A	0.07%
	HPQ	B	0.07%
	GEHC	D	0.07%
	ACGL	D	0.07%
	A	F	0.07%
	SYY	D	0.07%
	YUM	D	0.07%
	DDOG	A	0.07%
	STZ	D	0.07%
	CTSH	C	0.07%
	CTVA	C	0.07%
	LULU	C	0.07%
	XEL	A	0.07%
	EXC	C	0.07%
	IT	C	0.07%
	SNOW	C	0.07%
	OTIS	C	0.07%
	CBRE	B	0.07%
	VRSK	B	0.07%
	LEN	D	0.07%
	FERG	C	0.07%
	GPN	C	0.06%
	RJF	A	0.06%
	EFX	F	0.06%
	ARES	A	0.06%
	DOW	F	0.06%
	WEC	A	0.06%
	EBAY	D	0.06%
	VEEV	C	0.06%
	ETR	A	0.06%
	EIX	C	0.06%
	WTW	B	0.06%
	AVB	B	0.06%
	ROK	B	0.06%
	HUBS	B	0.06%
	HUM	D	0.06%
	VICI	C	0.06%
	OXY	F	0.06%
	FANG	D	0.06%
	IRM	C	0.06%
	ED	C	0.06%
	WAB	B	0.06%
	DD	D	0.06%
	HIG	B	0.06%
	IQV	F	0.06%
	IDXX	F	0.06%
	NUE	D	0.06%
	CPAY	A	0.05%
	PPL	A	0.05%
	DTE	C	0.05%
	MTD	F	0.05%
	TYL	B	0.05%
	VLTO	C	0.05%
	ADM	D	0.05%
	VTR	B	0.05%
	TPL	A	0.05%
	HBAN	B	0.05%
	TROW	B	0.05%
	HAL	C	0.05%
	KEYS	C	0.05%
	FTV	D	0.05%
	BRO	B	0.05%
	BR	B	0.05%
	PHM	D	0.05%
	CHD	A	0.05%
	DECK	A	0.05%
	NET	B	0.05%
	DOV	B	0.05%
	KHC	F	0.05%
	PPG	F	0.05%
	CSGP	F	0.05%
	STT	B	0.05%
	ANSS	B	0.05%
	TSCO	D	0.05%
	ALNY	D	0.05%
	UAL	A	0.05%
	ESS	A	0.04%
	COO	D	0.04%
	CNP	A	0.04%
	LUV	B	0.04%
	LH	B	0.04%
	LII	A	0.04%
	PFG	C	0.04%
	BBY	D	0.04%
	DRI	C	0.04%
	IP	A	0.04%
	CMS	C	0.04%
	INVH	D	0.04%
	CSL	C	0.04%
	CLX	A	0.04%
	PKG	B	0.04%
	BLDR	D	0.04%
	WAT	C	0.04%
	K	B	0.04%
	CBOE	C	0.04%
	CFG	B	0.04%
	HOOD	A	0.04%
	ZM	B	0.04%
	LYB	F	0.04%
	EXE	A	0.04%
	ES	C	0.04%
	TDY	B	0.04%
	STE	D	0.04%
	IFF	D	0.04%
	WY	D	0.04%
	PTC	B	0.04%
	ZBH	C	0.04%
	BIIB	F	0.04%
	HUBB	B	0.04%
	CDW	F	0.04%
	FE	C	0.04%
	SBAC	D	0.04%
	DVN	F	0.04%
	AEE	A	0.04%
	REG	A	0.03%
	ROL	B	0.03%
	AVTR	F	0.03%
	JBL	C	0.03%
	EVRG	A	0.03%
	EWBC	A	0.03%
	NDSN	D	0.03%
	ACM	B	0.03%
	UDR	C	0.03%
	ENTG	F	0.03%
	AMCR	D	0.03%
	DOC	D	0.03%
	PSTG	F	0.03%
	CASY	A	0.03%
	USFD	A	0.03%
	DPZ	C	0.03%
	L	A	0.03%
	JBHT	C	0.03%
	TW	A	0.03%
	GGG	B	0.03%
	VRSN	F	0.03%
	SUI	C	0.03%
	VTRS	A	0.03%
	DT	C	0.03%
	EQH	B	0.03%
	LNT	A	0.03%
	FIX	A	0.03%
	SSNC	C	0.03%
	FNF	A	0.03%
	TXT	D	0.03%
	AVY	D	0.03%
	GWRE	A	0.03%
	MRO	A	0.03%
	EG	D	0.03%
	TER	F	0.03%
	BAX	F	0.03%
	NI	A	0.03%
	KIM	A	0.03%
	WSM	D	0.03%
	MANH	D	0.03%
	OC	A	0.03%
	TWLO	A	0.03%
	ALGN	D	0.03%
	FWONK	B	0.03%
	HEI	A	0.03%
	BURL	A	0.03%
	MOH	F	0.03%
	LVS	B	0.03%
	GPC	F	0.03%
	MAS	D	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	RPM	B	0.03%
	ULTA	F	0.03%
	PNR	B	0.03%
	DGX	A	0.03%
	WRB	B	0.03%
	RS	B	0.03%
	HOLX	D	0.03%
	WSO	A	0.03%
	DKNG	B	0.03%
	PODD	B	0.03%
	FDS	B	0.03%
	TOST	A	0.03%
	ARE	F	0.03%
	ZS	B	0.03%
	SNA	B	0.03%
	TRU	D	0.03%
	MAA	A	0.03%
	BALL	D	0.03%
	OMC	C	0.03%
	MKC	D	0.03%
	CTRA	B	0.03%
	IBKR	A	0.03%
	CFR	B	0.02%
	G	B	0.02%
	CNM	C	0.02%
	EGP	D	0.02%
	RL	C	0.02%
	PLNT	A	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	WTFC	B	0.02%
	CHE	F	0.02%
	GPK	D	0.02%
	CR	A	0.02%
	TTC	F	0.02%
	LNW	F	0.02%
	CPB	D	0.02%
	MOS	D	0.02%
	FYBR	C	0.02%
	GLOB	C	0.02%
	HRL	D	0.02%
	NYT	D	0.02%
	CBSH	A	0.02%
	ITCI	B	0.02%
	PEN	B	0.02%
	HAS	D	0.02%
	PCTY	B	0.02%
	SNX	D	0.02%
	MGM	D	0.02%
	AOS	F	0.02%
	OGE	A	0.02%
	ROKU	D	0.02%
	AR	B	0.02%
	RBC	A	0.02%
	BRX	A	0.02%
	HSIC	C	0.02%
	WCC	B	0.02%
	GMED	A	0.02%
	MORN	B	0.02%
	FBIN	F	0.02%
	AAON	B	0.02%
	AXTA	B	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	TPX	B	0.02%
	WMS	F	0.02%
	FRT	B	0.02%
	SOLV	F	0.02%
	ORI	A	0.02%
	WYNN	D	0.02%
	BRBR	A	0.02%
	TKO	A	0.02%
	INGR	B	0.02%
	WING	D	0.02%
	AAL	B	0.02%
	SRPT	F	0.02%
	HLI	B	0.02%
	PNFP	B	0.02%
	EHC	B	0.02%
	GL	C	0.02%
	PR	B	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	ALLY	C	0.02%
	ARMK	C	0.02%
	OHI	B	0.02%
	EXEL	B	0.02%
	AFG	A	0.02%
	CIEN	B	0.02%
	NLY	C	0.02%
	GME	C	0.02%
	DTM	A	0.02%
	RPRX	F	0.02%
	AYI	B	0.02%
	IPG	F	0.02%
	PRI	A	0.02%
	WWD	B	0.02%
	LAD	B	0.02%
	WBS	A	0.02%
	CCK	D	0.02%
	TECH	F	0.02%
	CAVA	C	0.02%
	CUBE	C	0.02%
	GNRC	B	0.02%
	EVR	B	0.02%
	CTLT	D	0.02%
	TTEK	F	0.02%
	NWSA	B	0.02%
	SJM	D	0.02%
	TAP	B	0.02%
	ATR	B	0.02%
	CG	B	0.02%
	BLD	F	0.02%
	RRX	B	0.02%
	DKS	D	0.02%
	AIZ	A	0.02%
	FHN	A	0.02%
	OWL	A	0.02%
	NCLH	B	0.02%
	PAYC	B	0.02%
	SF	B	0.02%
	LECO	C	0.02%
	BJ	B	0.02%
	Z	A	0.02%
	NBIX	C	0.02%
	OVV	C	0.02%
	BWXT	A	0.02%
	OKTA	D	0.02%
	JNPR	D	0.02%
	BMRN	F	0.02%
	HEI	A	0.02%
	NVT	C	0.02%
	EMN	D	0.02%
	HST	D	0.02%
	SCI	A	0.02%
	WPC	C	0.02%
	ALLE	D	0.02%
	BXP	D	0.02%
	KMX	C	0.02%
	CPT	C	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	GLPI	C	0.02%
	AMH	C	0.02%
	BG	D	0.02%
	JKHY	D	0.02%
	CAG	F	0.02%
	CLH	C	0.02%
	PFGC	B	0.02%
	JEF	A	0.02%
	EPAM	C	0.02%
	ELS	B	0.02%
	TPR	B	0.02%
	AKAM	F	0.02%
	TXRH	B	0.02%
	SWK	F	0.02%
	SWKS	F	0.02%
	RVTY	D	0.02%
	CW	B	0.02%
	CC	D	0.01%
	AMKR	F	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	COLM	B	0.01%
	MAN	F	0.01%
	TDC	D	0.01%
	VIRT	A	0.01%
	NSA	C	0.01%
	SAM	C	0.01%
	LLYVK	A	0.01%
	PK	D	0.01%
	SNRE	D	0.01%
	RNG	C	0.01%
	WU	F	0.01%
	AMTM	F	0.01%
	WEN	C	0.01%
	EPR	D	0.01%
	YETI	D	0.01%
	SMG	C	0.01%
	VAC	C	0.01%
	ZG	A	0.01%
	NCNO	B	0.01%
	PII	F	0.01%
	NVST	C	0.01%
	IAC	D	0.01%
	ACHC	F	0.01%
	HIW	D	0.01%
	FHB	B	0.01%
	IRDM	F	0.01%
	SPR	D	0.01%
	XRAY	D	0.01%
	TNL	B	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	DNB	B	0.01%
	NWL	B	0.01%
	DXC	D	0.01%
	NEU	D	0.01%
	MDU	D	0.01%
	ASH	F	0.01%
	RARE	F	0.01%
	MSM	D	0.01%
	LINE	F	0.01%
	PEGA	B	0.01%
	OGN	F	0.01%
	FLO	D	0.01%
	DLB	F	0.01%
	WLK	F	0.01%
	HOG	F	0.01%
	MSGS	B	0.01%
	GFS	C	0.01%
	GTES	A	0.01%
	M	D	0.01%
	CHH	A	0.01%
	AN	D	0.01%
	GAP	D	0.01%
	SLGN	A	0.01%
	PSN	C	0.01%
	KRC	C	0.01%
	KMPR	A	0.01%
	TKR	F	0.01%
	LOPE	B	0.01%
	CUZ	B	0.01%
	OLN	F	0.01%
	HCP	B	0.01%
	ROIV	D	0.01%
	ST	F	0.01%
	BYD	B	0.01%
	HXL	F	0.01%
	APPF	C	0.01%
	SON	F	0.01%
	UGI	C	0.01%
	CIVI	D	0.01%
	BROS	A	0.01%
	OZK	B	0.01%
	AM	A	0.01%
	CLF	F	0.01%
	VNOM	A	0.01%
	VKTX	F	0.01%
	NXST	C	0.01%
	CCCS	B	0.01%
	SEE	D	0.01%
	LEA	F	0.01%
	POST	C	0.01%
	TPG	A	0.01%
	CRUS	F	0.01%
	NFG	A	0.01%
	SLM	B	0.01%
	RITM	D	0.01%
	PATH	C	0.01%
	THO	C	0.01%
	FOX	A	0.01%
	ETSY	D	0.01%
	OLLI	D	0.01%
	LFUS	D	0.01%
	IDA	A	0.01%
	PVH	C	0.01%
	THG	A	0.01%
	STWD	C	0.01%
	VNT	C	0.01%
	WFRD	F	0.01%
	CROX	F	0.01%
	BFAM	F	0.01%
	WHR	B	0.01%
	LAZ	B	0.01%
	FNB	B	0.01%
	DOCS	C	0.01%
	WBA	F	0.01%
	ARW	F	0.01%
	BIO	C	0.01%
	LNC	B	0.01%
	PARA	D	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	ESI	B	0.01%
	LYFT	C	0.01%
	SAIC	F	0.01%
	KD	A	0.01%
	COLB	B	0.01%
	NOV	D	0.01%
	MTG	D	0.01%
	WSC	F	0.01%
	OMF	A	0.01%
	SIRI	D	0.01%
	IVZ	C	0.01%
	LSTR	D	0.01%
	MSA	D	0.01%
	DBX	C	0.01%
	BSY	D	0.01%
	AZPN	A	0.01%
	AWI	B	0.01%
	HR	C	0.01%
	AZEK	B	0.01%
	VMI	B	0.01%
	FAF	C	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	STAG	D	0.01%
	FMC	D	0.01%
	H	B	0.01%
	MTDR	C	0.01%
	DINO	D	0.01%
	GXO	B	0.01%
	ELAN	D	0.01%
	MTSI	B	0.01%
	FCN	F	0.01%
	ALK	A	0.01%
	FR	C	0.01%
	ATI	C	0.01%
	MKSI	C	0.01%
	FRPT	A	0.01%
	RGEN	F	0.01%
	ESAB	C	0.01%
	AGNC	C	0.01%
	VFC	C	0.01%
	BBWI	C	0.01%
	S	B	0.01%
	MIDD	D	0.01%
	VNO	C	0.01%
	CART	C	0.01%
	PCOR	C	0.01%
	RYAN	B	0.01%
	WH	B	0.01%
	MHK	D	0.01%
	RLI	A	0.01%
	COKE	C	0.01%
	KEX	B	0.01%
	PB	A	0.01%
	SMAR	A	0.01%
	HII	F	0.01%
	ADC	A	0.01%
	WEX	F	0.01%
	RHI	C	0.01%
	OLED	F	0.01%
	SSD	D	0.01%
	ONTO	F	0.01%
	BERY	D	0.01%
	NNN	C	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	MEDP	D	0.01%
	FLS	A	0.01%
	CHRD	F	0.01%
	SKX	F	0.01%
	MTCH	F	0.01%
	SNV	B	0.01%
	X	C	0.01%
	KBR	F	0.01%
	CE	F	0.01%
	BWA	D	0.01%
	APG	C	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	C	0.0%
	GRAL	C	0.0%
	UWMC	D	0.0%
	SEB	F	0.0%
	NFE	F	0.0%
	WOLF	F	0.0%
	LOAR	B	0.0%
	TFSL	A	0.0%
	CWEN	C	0.0%
	AS	A	0.0%
	CERT	F	0.0%
	LLYVA	A	0.0%
	DDS	B	0.0%
	SNDR	B	0.0%
	TXG	F	0.0%
	TRIP	F	0.0%
	LBRDA	C	0.0%
	REYN	D	0.0%
	INFA	D	0.0%
	DJT	C	0.0%
	LEG	F	0.0%
	GO	C	0.0%
	QS	D	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	D	0.0%
	FTRE	D	0.0%
	CAR	C	0.0%
	LEN	D	0.0%
	FWONA	B	0.0%
	RKT	F	0.0%
	ALAB	B	0.0%
	QDEL	F	0.0%
	VSTS	F	0.0%
	UAA	C	0.0%
	CRI	F	0.0%
	KSS	F	0.0%
	LCID	F	0.0%
	LBTYA	F	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	A	0.0%
	IPGP	D	0.0%
	ADT	B	0.0%
	AAP	D	0.0%
	AZTA	F	0.0%
	CWEN	C	0.0%
	HAYW	B	0.0%
	PINC	B	0.0%
	SPB	C	0.0%
	MP	C	0.0%
	CPRI	F	0.0%
	JWN	C	0.0%
	AGR	A	0.0%
	MPW	F	0.0%
	BOKF	B	0.0%
	HHH	B	0.0%
	CXT	C	0.0%

IWB Underweight 85 Positions Relative to CLSE

	Symbol	Grade	Weight
	IDCC	B	-1.51%
	CVLT	B	-1.4%
	ACIW	B	-1.3%
	SNEX	B	-1.06%
	HALO	F	-0.9%
	AMRX	C	-0.9%
	BFH	B	-0.88%
	GVA	A	-0.84%
	MLI	B	-0.84%
	CARG	B	-0.83%
	PRIM	A	-0.8%
	IESC	A	-0.77%
	CNX	A	-0.74%
	STRL	A	-0.71%
	CEIX	A	-0.7%
	UMBF	B	-0.66%
	MWA	B	-0.65%
	FTDR	B	-0.58%
	SLVM	C	-0.5%
	AVA	C	-0.47%
	CTRE	C	-0.42%
	SCCO	F	-0.41%
	JXN	C	-0.39%
	SR	A	-0.38%
	OUT	A	-0.36%
	CDP	C	-0.34%
	PTON	C	-0.31%
	IIPR	F	-0.28%
	MATX	B	-0.22%
	FLR	B	-0.21%
	ABM	B	-0.19%
	BOX	B	-0.17%
	FN	B	-0.13%
	VCTR	B	-0.12%
	VCYT	B	-0.12%
	CDE	C	-0.11%
	AEIS	B	-0.07%
	HQY	A	-0.07%
	QQQ	B	-0.0%
	LNTH	F	-0.0%
	HGV	C	--0.06%
	COOP	B	--0.07%
	CCS	F	--0.07%
	JOE	F	--0.08%
	FLYW	B	--0.08%
	JBLU	F	--0.09%
	MCW	C	--0.1%
	ABG	B	--0.1%
	ACVA	A	--0.11%
	CGON	F	--0.11%
	RBA	A	--0.12%
	FL	F	--0.12%
	PCH	D	--0.12%
	AVAV	C	--0.13%
	ALIT	C	--0.13%
	ARWR	D	--0.14%
	GTLS	A	--0.15%
	DRVN	B	--0.15%
	NARI	C	--0.16%
	LGIH	F	--0.16%
	TEX	D	--0.17%
	MDGL	C	--0.17%
	KRG	A	--0.17%
	UEC	A	--0.18%
	EBC	B	--0.18%
	AIR	B	--0.19%
	GATX	B	--0.2%
	BE	A	--0.21%
	AESI	B	--0.21%
	NOG	B	--0.21%
	PRCT	B	--0.22%
	BANC	B	--0.22%
	SUM	B	--0.22%
	GPOR	A	--0.24%
	NEOG	D	--0.26%
	AUR	C	--0.26%
	VAL	F	--0.27%
	STNE	F	--0.27%
	PTEN	C	--0.27%
	XP	F	--0.29%
	CYTK	D	--0.3%
	CCOI	B	--0.33%
	BBIO	F	--0.36%
	SATS	C	--0.4%
	BRZE	C	--0.56%

IWB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Software - Infrastructure Business Services Diagnostics & Research Semiconductors Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Capital Markets Aerospace & Defense Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Packaging & Containers Building Materials

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

CLSE: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Banks - Regional - US Semiconductors Asset Management Diagnostics & Research Engineering & Construction Software - Infrastructure Insurance - Property & Casualty Building Materials Internet Content & Information Business Services Capital Markets Communication Equipment Credit Services Diversified Industrials Information Technology Services Leisure Medical Devices Oil & Gas E&P

Keywords: S&P 500 Nasdaq 100 Computing Bank Insurance Banking Electronics Medicine Semiconductor Natural Gas Mining IBD 50 Mobile Devices Real Estate Investment Trust Software Telecommunications Transport Building Materials Cloud Computing Construction