IWB vs. MODL ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

$328.90

Average Daily Volume

791,576

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	IWB	MODL
30 Days	3.82%	2.91%
60 Days	5.33%	4.12%
90 Days	7.10%	5.95%
12 Months	33.41%	30.78%

314 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in MODL	Overlap
	A	D	0.07%	0.13%	0.07%
	AAPL	C	6.04%	4.85%	4.85%
	ABBV	D	0.54%	1.05%	0.54%
	ABNB	C	0.11%	0.11%	0.11%
	ABT	B	0.37%	0.72%	0.37%
	ACGL	D	0.07%	0.1%	0.07%
	ACN	C	0.41%	0.31%	0.31%
	ADBE	C	0.41%	0.42%	0.41%
	ADI	D	0.19%	0.14%	0.14%
	ADM	D	0.05%	0.1%	0.05%
	ADSK	A	0.12%	0.11%	0.11%
	AFL	B	0.11%	0.16%	0.11%
	AIG	B	0.09%	0.14%	0.09%
	AJG	B	0.12%	0.18%	0.12%
	AKAM	D	0.02%	0.02%	0.02%
	ALGN	D	0.03%	0.06%	0.03%
	ALL	A	0.1%	0.15%	0.1%
	ALNY	D	0.05%	0.11%	0.05%
	AMAT	F	0.26%	0.2%	0.2%
	AMD	F	0.4%	0.32%	0.32%
	AMGN	D	0.28%	0.54%	0.28%
	AMP	A	0.1%	0.31%	0.1%
	AMZN	C	3.48%	3.64%	3.48%
	ANET	C	0.18%	0.13%	0.13%
	ANSS	B	0.05%	0.06%	0.05%
	AON	A	0.14%	0.23%	0.14%
	APH	A	0.15%	0.12%	0.12%
	APO	B	0.16%	0.18%	0.16%
	APP	B	0.14%	0.12%	0.12%
	APTV	D	0.03%	0.03%	0.03%
	ARES	A	0.06%	0.18%	0.06%
	AVGO	D	1.38%	1.06%	1.06%
	AVTR	F	0.03%	0.05%	0.03%
	AXP	A	0.3%	0.56%	0.3%
	AZO	C	0.1%	0.1%	0.1%
	BAC	A	0.59%	1.02%	0.59%
	BAX	D	0.03%	0.06%	0.03%
	BBY	D	0.04%	0.03%	0.03%
	BDX	F	0.12%	0.22%	0.12%
	BEN	C	0.01%	0.04%	0.01%
	BIIB	F	0.04%	0.08%	0.04%
	BK	A	0.11%	0.33%	0.11%
	BKNG	A	0.31%	0.32%	0.31%
	BLK	C	0.29%	0.9%	0.29%
	BMRN	D	0.02%	0.04%	0.02%
	BMY	B	0.21%	0.41%	0.21%
	BRK.A	B	1.59%	0.65%	0.65%
	BRK.A	B	1.59%	1.72%	1.59%
	BRO	B	0.05%	0.07%	0.05%
	BSX	B	0.24%	0.48%	0.24%
	BSY	D	0.01%	0.01%	0.01%
	BX	A	0.24%	0.76%	0.24%
	C	A	0.24%	0.37%	0.24%
	CAH	B	0.05%	0.11%	0.05%
	CB	C	0.22%	0.33%	0.22%
	CBOE	B	0.04%	0.12%	0.04%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.15%	0.15%	0.15%
	CDW	F	0.04%	0.03%	0.03%
	CELH	F	0.01%	0.02%	0.01%
	CFG	B	0.04%	0.06%	0.04%
	CHD	B	0.05%	0.1%	0.05%
	CHTR	C	0.07%	0.08%	0.07%
	CI	F	0.17%	0.32%	0.17%
	CINF	A	0.04%	0.07%	0.04%
	CL	D	0.14%	0.28%	0.14%
	CLX	B	0.04%	0.08%	0.04%
	CMCSA	B	0.3%	0.34%	0.3%
	CME	A	0.15%	0.48%	0.15%
	CMG	B	0.15%	0.15%	0.15%
	CNC	D	0.06%	0.11%	0.06%
	COF	B	0.13%	0.19%	0.13%
	COIN	C	0.11%	0.37%	0.11%
	COR	B	0.07%	0.15%	0.07%
	COST	B	0.74%	1.6%	0.74%
	CPAY	A	0.05%	0.07%	0.05%
	CRM	B	0.56%	0.54%	0.54%
	CRWD	B	0.14%	0.16%	0.14%
	CSCO	B	0.43%	0.31%	0.31%
	CTSH	B	0.07%	0.05%	0.05%
	CVS	D	0.12%	0.24%	0.12%
	DASH	A	0.11%	0.1%	0.1%
	DDOG	A	0.07%	0.07%	0.07%
	DECK	A	0.05%	0.05%	0.05%
	DELL	C	0.07%	0.05%	0.05%
	DFS	B	0.08%	0.12%	0.08%
	DG	F	0.03%	0.07%	0.03%
	DGX	A	0.03%	0.07%	0.03%
	DHI	D	0.09%	0.09%	0.09%
	DHR	F	0.27%	0.54%	0.27%
	DIS	B	0.39%	0.43%	0.39%
	DKNG	B	0.03%	0.04%	0.03%
	DLTR	F	0.02%	0.06%	0.02%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DT	C	0.03%	0.03%	0.03%
	DXCM	D	0.06%	0.11%	0.06%
	EA	A	0.08%	0.08%	0.08%
	EBAY	D	0.06%	0.06%	0.06%
	EG	C	0.03%	0.03%	0.03%
	EL	F	0.03%	0.06%	0.03%
	ELV	F	0.17%	0.33%	0.17%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.03%	0.02%	0.02%
	EW	C	0.07%	0.15%	0.07%
	EXPE	B	0.04%	0.04%	0.04%
	F	C	0.08%	0.08%	0.08%
	FCNCA	A	0.05%	0.06%	0.05%
	FDS	B	0.03%	0.11%	0.03%
	FI	A	0.22%	0.34%	0.22%
	FICO	B	0.1%	0.1%	0.1%
	FIS	C	0.09%	0.14%	0.09%
	FITB	A	0.06%	0.09%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.03%	0.03%
	FTNT	C	0.11%	0.1%	0.1%
	GDDY	A	0.05%	0.04%	0.04%
	GEHC	F	0.07%	0.13%	0.07%
	GEN	B	0.03%	0.02%	0.02%
	GILD	C	0.2%	0.42%	0.2%
	GIS	D	0.07%	0.12%	0.07%
	GLW	B	0.07%	0.05%	0.05%
	GM	B	0.12%	0.12%	0.12%
	GOOG	C	1.58%	1.97%	1.58%
	GOOGL	C	1.87%	2.21%	1.87%
	GPC	D	0.03%	0.03%	0.03%
	GPN	B	0.06%	0.08%	0.06%
	GRMN	B	0.06%	0.06%	0.06%
	GS	A	0.35%	1.05%	0.35%
	HBAN	A	0.05%	0.07%	0.05%
	HCA	F	0.12%	0.23%	0.12%
	HD	A	0.75%	0.8%	0.75%
	HIG	B	0.06%	0.1%	0.06%
	HLT	A	0.11%	0.13%	0.11%
	HOLX	D	0.03%	0.06%	0.03%
	HPE	B	0.05%	0.04%	0.04%
	HPQ	B	0.07%	0.05%	0.05%
	HRL	D	0.02%	0.03%	0.02%
	HSY	F	0.05%	0.09%	0.05%
	HUBS	A	0.06%	0.07%	0.06%
	HUM	C	0.06%	0.12%	0.06%
	IBM	C	0.35%	0.26%	0.26%
	ICE	C	0.16%	0.52%	0.16%
	IDXX	F	0.06%	0.13%	0.06%
	ILMN	D	0.04%	0.08%	0.04%
	INCY	C	0.02%	0.05%	0.02%
	INTC	D	0.19%	0.15%	0.15%
	INTU	C	0.35%	0.35%	0.35%
	IPG	D	0.02%	0.02%	0.02%
	IQV	D	0.06%	0.12%	0.06%
	ISRG	A	0.34%	0.69%	0.34%
	IT	C	0.07%	0.05%	0.05%
	JBL	B	0.03%	0.02%	0.02%
	JKHY	D	0.02%	0.04%	0.02%
	JNJ	D	0.69%	1.33%	0.69%
	JPM	A	1.3%	1.89%	1.3%
	K	A	0.04%	0.08%	0.04%
	KDP	D	0.07%	0.11%	0.07%
	KEYS	A	0.05%	0.04%	0.04%
	KHC	F	0.05%	0.13%	0.05%
	KKR	A	0.19%	0.59%	0.19%
	KLAC	D	0.15%	0.12%	0.12%
	KMB	D	0.08%	0.17%	0.08%
	KO	D	0.44%	0.92%	0.44%
	KR	B	0.07%	0.14%	0.07%
	KVUE	A	0.08%	0.16%	0.08%
	L	A	0.03%	0.04%	0.03%
	LEN	D	0.0%	0.0%	0.0%
	LEN	D	0.07%	0.08%	0.07%
	LEN	D	0.0%	0.08%	0.0%
	LEN	D	0.07%	0.0%	0.0%
	LH	C	0.04%	0.07%	0.04%
	LLY	F	1.1%	2.3%	1.1%
	LOW	D	0.28%	0.3%	0.28%
	LPLA	A	0.04%	0.13%	0.04%
	LRCX	F	0.17%	0.13%	0.13%
	LULU	C	0.07%	0.06%	0.06%
	LVS	C	0.03%	0.04%	0.03%
	LW	C	0.02%	0.06%	0.02%
	LYV	A	0.04%	0.04%	0.04%
	MA	C	0.8%	1.21%	0.8%
	MANH	D	0.03%	0.01%	0.01%
	MAR	B	0.12%	0.13%	0.12%
	MCD	D	0.39%	0.4%	0.39%
	MCHP	D	0.06%	0.05%	0.05%
	MCK	B	0.15%	0.32%	0.15%
	MCO	B	0.14%	0.5%	0.14%
	MDB	C	0.04%	0.03%	0.03%
	MDLZ	F	0.16%	0.27%	0.16%
	MDT	D	0.21%	0.4%	0.21%
	MET	A	0.09%	0.14%	0.09%
	META	D	2.24%	2.64%	2.24%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.03%	0.06%	0.03%
	MKL	A	0.04%	0.06%	0.04%
	MMC	B	0.2%	0.31%	0.2%
	MNST	C	0.07%	0.14%	0.07%
	MO	A	0.18%	0.33%	0.18%
	MOH	F	0.03%	0.06%	0.03%
	MPWR	F	0.05%	0.04%	0.04%
	MRK	F	0.45%	0.88%	0.45%
	MRNA	F	0.02%	0.05%	0.02%
	MRVL	B	0.14%	0.11%	0.11%
	MS	A	0.29%	0.94%	0.29%
	MSCI	C	0.08%	0.26%	0.08%
	MSFT	F	5.7%	5.77%	5.7%
	MSI	B	0.15%	0.11%	0.11%
	MSTR	C	0.1%	0.12%	0.1%
	MTB	A	0.07%	0.1%	0.07%
	MTD	D	0.05%	0.09%	0.05%
	MU	D	0.2%	0.15%	0.15%
	NDAQ	A	0.06%	0.15%	0.06%
	NET	B	0.05%	0.04%	0.04%
	NFLX	A	0.65%	0.77%	0.65%
	NKE	D	0.17%	0.17%	0.17%
	NOW	A	0.38%	0.37%	0.37%
	NTAP	C	0.04%	0.03%	0.03%
	NTNX	A	0.03%	0.01%	0.01%
	NTRS	A	0.04%	0.12%	0.04%
	NVDA	C	6.14%	4.61%	4.61%
	NVR	D	0.05%	0.05%	0.05%
	OKTA	C	0.02%	0.02%	0.02%
	OMC	C	0.03%	0.04%	0.03%
	ON	D	0.05%	0.04%	0.04%
	ORCL	B	0.53%	0.53%	0.53%
	ORLY	B	0.13%	0.13%	0.13%
	PANW	C	0.22%	0.22%	0.22%
	PEP	F	0.4%	0.76%	0.4%
	PFE	D	0.26%	0.51%	0.26%
	PFG	D	0.04%	0.06%	0.04%
	PG	A	0.74%	1.54%	0.74%
	PGR	A	0.28%	0.42%	0.28%
	PHM	D	0.05%	0.05%	0.05%
	PINS	D	0.03%	0.04%	0.03%
	PLTR	B	0.24%	0.19%	0.19%
	PM	B	0.37%	0.66%	0.37%
	PNC	B	0.15%	0.23%	0.15%
	PODD	C	0.03%	0.07%	0.03%
	POOL	C	0.02%	0.03%	0.02%
	PRU	A	0.08%	0.13%	0.08%
	PSTG	D	0.03%	0.02%	0.02%
	PTC	A	0.04%	0.04%	0.04%
	PYPL	B	0.16%	0.24%	0.16%
	QCOM	F	0.33%	0.25%	0.25%
	RBLX	C	0.05%	0.05%	0.05%
	RCL	A	0.1%	0.1%	0.1%
	REGN	F	0.15%	0.3%	0.15%
	RF	A	0.04%	0.07%	0.04%
	RJF	A	0.06%	0.17%	0.06%
	RMD	C	0.06%	0.13%	0.06%
	ROP	B	0.11%	0.11%	0.11%
	ROST	C	0.09%	0.09%	0.09%
	RPRX	D	0.02%	0.04%	0.02%
	RVTY	F	0.02%	0.05%	0.02%
	SBUX	A	0.21%	0.21%	0.21%
	SCHW	B	0.22%	0.76%	0.22%
	SMCI	F	0.02%	0.02%	0.02%
	SNOW	C	0.07%	0.06%	0.06%
	SNPS	B	0.15%	0.15%	0.15%
	SPGI	C	0.29%	0.93%	0.29%
	SQ	B	0.09%	0.14%	0.09%
	STE	F	0.04%	0.07%	0.04%
	STT	A	0.05%	0.16%	0.05%
	STZ	D	0.07%	0.14%	0.07%
	SWKS	F	0.02%	0.02%	0.02%
	SYF	B	0.05%	0.07%	0.05%
	SYK	C	0.26%	0.5%	0.26%
	SYY	B	0.07%	0.13%	0.07%
	T	A	0.3%	0.34%	0.3%
	TDY	B	0.04%	0.03%	0.03%
	TEAM	A	0.07%	0.06%	0.06%
	TER	D	0.03%	0.02%	0.02%
	TFC	A	0.11%	0.17%	0.11%
	TGT	F	0.13%	0.27%	0.13%
	TJX	A	0.25%	0.26%	0.25%
	TMO	F	0.36%	0.69%	0.36%
	TMUS	B	0.21%	0.24%	0.21%
	TRMB	B	0.03%	0.02%	0.02%
	TROW	B	0.05%	0.15%	0.05%
	TRV	B	0.11%	0.17%	0.11%
	TSCO	D	0.05%	0.06%	0.05%
	TSLA	B	1.65%	1.86%	1.65%
	TSN	B	0.03%	0.06%	0.03%
	TTD	B	0.1%	0.11%	0.1%
	TTWO	A	0.06%	0.07%	0.06%
	TXN	C	0.34%	0.26%	0.26%
	TYL	B	0.05%	0.05%	0.05%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.01%	1.99%	1.01%
	USB	A	0.14%	0.22%	0.14%
	V	A	0.9%	1.47%	0.9%
	VEEV	C	0.06%	0.12%	0.06%
	VRSN	F	0.03%	0.02%	0.02%
	VRTX	F	0.22%	0.44%	0.22%
	VTRS	A	0.03%	0.06%	0.03%
	VZ	C	0.32%	0.37%	0.32%
	WAT	B	0.04%	0.08%	0.04%
	WBA	F	0.01%	0.02%	0.01%
	WBD	C	0.04%	0.05%	0.04%
	WDAY	B	0.1%	0.1%	0.1%
	WDC	D	0.04%	0.03%	0.03%
	WFC	A	0.48%	0.69%	0.48%
	WMT	A	0.68%	1.32%	0.68%
	WRB	A	0.03%	0.05%	0.03%
	WSM	B	0.03%	0.03%	0.03%
	WST	C	0.04%	0.08%	0.04%
	WTW	B	0.06%	0.09%	0.06%
	YUM	B	0.07%	0.07%	0.07%
	ZBH	C	0.04%	0.08%	0.04%
	ZBRA	B	0.04%	0.03%	0.03%
	ZM	B	0.04%	0.03%	0.03%
	ZS	C	0.03%	0.03%	0.03%
	ZTS	D	0.15%	0.29%	0.15%

IWB Overweight 689 Positions Relative to MODL

	Symbol	Grade	Weight
	XOM	B	0.99%
	CVX	A	0.51%
	LIN	D	0.4%
	GE	D	0.36%
	CAT	B	0.35%
	NEE	D	0.29%
	RTX	C	0.29%
	HON	B	0.28%
	UNP	C	0.27%
	UBER	D	0.27%
	ETN	A	0.26%
	COP	C	0.24%
	ADP	B	0.23%
	LMT	D	0.21%
	DE	A	0.19%
	PLD	D	0.19%
	SO	D	0.18%
	BA	F	0.18%
	UPS	C	0.18%
	PH	A	0.17%
	GEV	B	0.17%
	AMT	D	0.17%
	TT	A	0.17%
	EQIX	A	0.16%
	DUK	C	0.16%
	WM	A	0.16%
	SHW	A	0.16%
	ITW	B	0.15%
	WELL	A	0.15%
	CTAS	B	0.14%
	EOG	A	0.14%
	GD	F	0.14%
	TDG	D	0.13%
	NOC	D	0.13%
	WMB	A	0.13%
	CSX	B	0.13%
	APD	A	0.13%
	CEG	D	0.13%
	MMM	D	0.13%
	EMR	A	0.13%
	CARR	D	0.12%
	OKE	A	0.12%
	FDX	B	0.12%
	CRH	A	0.12%
	PCAR	B	0.11%
	DLR	B	0.11%
	SPG	B	0.11%
	SRE	A	0.11%
	NSC	B	0.11%
	ECL	D	0.11%
	FCX	D	0.11%
	SLB	C	0.11%
	KMI	A	0.1%
	PSA	D	0.1%
	PSX	C	0.1%
	MPC	D	0.1%
	URI	B	0.1%
	JCI	C	0.1%
	LHX	C	0.09%
	FAST	B	0.09%
	PWR	A	0.09%
	NEM	D	0.09%
	D	C	0.09%
	LNG	B	0.09%
	VST	B	0.09%
	CPRT	A	0.09%
	O	D	0.09%
	CMI	A	0.09%
	AEP	D	0.09%
	GWW	B	0.09%
	HES	B	0.08%
	IR	B	0.08%
	DAL	C	0.08%
	ODFL	B	0.08%
	RSG	A	0.08%
	TRGP	B	0.08%
	BKR	B	0.08%
	AXON	A	0.08%
	VRT	B	0.08%
	PEG	A	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	VLO	C	0.08%
	CCI	D	0.08%
	HWM	A	0.08%
	PAYX	C	0.08%
	MLM	B	0.07%
	VMC	B	0.07%
	CTVA	C	0.07%
	XEL	A	0.07%
	EXC	C	0.07%
	OTIS	C	0.07%
	CBRE	B	0.07%
	VRSK	A	0.07%
	FERG	B	0.07%
	EFX	F	0.06%
	DOW	F	0.06%
	WEC	A	0.06%
	ETR	B	0.06%
	EIX	B	0.06%
	AVB	B	0.06%
	ROK	B	0.06%
	VICI	C	0.06%
	OXY	D	0.06%
	FANG	D	0.06%
	IRM	D	0.06%
	ED	D	0.06%
	WAB	B	0.06%
	DD	D	0.06%
	EXR	D	0.06%
	NUE	C	0.06%
	PPL	B	0.05%
	DTE	C	0.05%
	EQT	B	0.05%
	VLTO	D	0.05%
	VTR	C	0.05%
	TPL	A	0.05%
	AWK	D	0.05%
	HAL	C	0.05%
	CVNA	B	0.05%
	FTV	C	0.05%
	BR	A	0.05%
	SW	A	0.05%
	DOV	A	0.05%
	EQR	B	0.05%
	CPNG	D	0.05%
	PPG	F	0.05%
	CSGP	D	0.05%
	XYL	D	0.05%
	UAL	A	0.05%
	BAH	F	0.04%
	NRG	B	0.04%
	ESS	B	0.04%
	COO	D	0.04%
	CNP	B	0.04%
	LUV	C	0.04%
	LII	A	0.04%
	IP	B	0.04%
	CMS	C	0.04%
	INVH	D	0.04%
	CSL	C	0.04%
	STLD	B	0.04%
	PKG	A	0.04%
	BLDR	D	0.04%
	HOOD	B	0.04%
	LYB	F	0.04%
	EXE	B	0.04%
	LDOS	C	0.04%
	ES	D	0.04%
	ATO	A	0.04%
	IFF	D	0.04%
	WY	D	0.04%
	EME	C	0.04%
	HUBB	B	0.04%
	FE	C	0.04%
	SBAC	D	0.04%
	DVN	F	0.04%
	AEE	A	0.04%
	REG	B	0.03%
	ROL	B	0.03%
	FFIV	B	0.03%
	SOFI	A	0.03%
	SAIA	B	0.03%
	EVRG	A	0.03%
	EWBC	A	0.03%
	NDSN	B	0.03%
	ACM	A	0.03%
	UDR	B	0.03%
	THC	D	0.03%
	AMCR	D	0.03%
	DOC	D	0.03%
	CASY	A	0.03%
	USFD	A	0.03%
	JBHT	C	0.03%
	TW	A	0.03%
	GGG	B	0.03%
	RGA	A	0.03%
	SUI	D	0.03%
	EQH	B	0.03%
	TOL	B	0.03%
	LNT	A	0.03%
	FIX	A	0.03%
	SSNC	B	0.03%
	FNF	B	0.03%
	TXT	D	0.03%
	AVY	D	0.03%
	UTHR	C	0.03%
	GWRE	A	0.03%
	CF	B	0.03%
	DOCU	A	0.03%
	MRO	B	0.03%
	NI	A	0.03%
	KIM	A	0.03%
	NTRA	B	0.03%
	OC	A	0.03%
	TWLO	A	0.03%
	FWONK	B	0.03%
	XPO	B	0.03%
	HEI	B	0.03%
	EXPD	D	0.03%
	BURL	A	0.03%
	MAS	D	0.03%
	IEX	B	0.03%
	RPM	A	0.03%
	J	F	0.03%
	PNR	A	0.03%
	KEY	B	0.03%
	RS	B	0.03%
	WSO	A	0.03%
	TOST	B	0.03%
	ARE	D	0.03%
	SNA	A	0.03%
	TRU	D	0.03%
	MAA	B	0.03%
	BALL	D	0.03%
	CTRA	B	0.03%
	IBKR	A	0.03%
	CFR	B	0.02%
	G	B	0.02%
	SEIC	B	0.02%
	APA	D	0.02%
	CNM	D	0.02%
	EGP	F	0.02%
	RL	B	0.02%
	RIVN	F	0.02%
	PLNT	A	0.02%
	HRB	D	0.02%
	VOYA	B	0.02%
	MTZ	B	0.02%
	WTFC	A	0.02%
	CHE	D	0.02%
	GPK	C	0.02%
	CR	A	0.02%
	TTC	D	0.02%
	LNW	D	0.02%
	CPB	D	0.02%
	MOS	F	0.02%
	FYBR	D	0.02%
	GLOB	B	0.02%
	NYT	C	0.02%
	CBSH	A	0.02%
	ITCI	C	0.02%
	PEN	B	0.02%
	KNX	B	0.02%
	BILL	A	0.02%
	HAS	D	0.02%
	PCTY	B	0.02%
	SNX	C	0.02%
	AOS	F	0.02%
	ZION	B	0.02%
	OGE	B	0.02%
	ROKU	D	0.02%
	AR	B	0.02%
	RBC	A	0.02%
	BRX	A	0.02%
	REXR	F	0.02%
	HSIC	B	0.02%
	WCC	B	0.02%
	EXAS	D	0.02%
	GMED	A	0.02%
	MORN	B	0.02%
	FBIN	D	0.02%
	AAON	B	0.02%
	AXTA	A	0.02%
	RGLD	C	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	CMA	A	0.02%
	TPX	B	0.02%
	WMS	D	0.02%
	FRT	B	0.02%
	SOLV	C	0.02%
	ORI	A	0.02%
	WYNN	D	0.02%
	BRBR	A	0.02%
	TKO	B	0.02%
	INGR	B	0.02%
	WING	D	0.02%
	CNH	C	0.02%
	AAL	B	0.02%
	SRPT	D	0.02%
	HLI	B	0.02%
	PNFP	B	0.02%
	CRL	C	0.02%
	WAL	B	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	GL	B	0.02%
	PR	B	0.02%
	DOX	D	0.02%
	LBRDK	C	0.02%
	MKTX	D	0.02%
	WTRG	B	0.02%
	ALLY	C	0.02%
	ARMK	B	0.02%
	OHI	C	0.02%
	EXEL	B	0.02%
	AES	F	0.02%
	MUSA	A	0.02%
	AFG	A	0.02%
	EXP	A	0.02%
	CIEN	B	0.02%
	NLY	C	0.02%
	LKQ	D	0.02%
	GME	C	0.02%
	DTM	B	0.02%
	AYI	B	0.02%
	KNSL	B	0.02%
	ALSN	B	0.02%
	PRI	A	0.02%
	WWD	B	0.02%
	LAD	A	0.02%
	CACI	D	0.02%
	WBS	A	0.02%
	PNW	B	0.02%
	CCK	C	0.02%
	TECH	D	0.02%
	CAVA	B	0.02%
	CUBE	D	0.02%
	GNRC	B	0.02%
	EVR	B	0.02%
	CTLT	B	0.02%
	FND	C	0.02%
	TTEK	F	0.02%
	NWSA	B	0.02%
	AA	B	0.02%
	SJM	D	0.02%
	TAP	C	0.02%
	ATR	B	0.02%
	CG	A	0.02%
	BLD	D	0.02%
	LAMR	D	0.02%
	DAY	B	0.02%
	RRX	B	0.02%
	DKS	C	0.02%
	DUOL	A	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	B	0.02%
	BJ	A	0.02%
	Z	A	0.02%
	UHS	D	0.02%
	NBIX	C	0.02%
	OVV	B	0.02%
	BWXT	B	0.02%
	JNPR	F	0.02%
	HEI	B	0.02%
	NVT	B	0.02%
	EMN	D	0.02%
	ALB	C	0.02%
	HST	C	0.02%
	SCI	B	0.02%
	WPC	D	0.02%
	ALLE	D	0.02%
	BXP	D	0.02%
	FTI	A	0.02%
	KMX	B	0.02%
	COHR	B	0.02%
	CPT	B	0.02%
	JLL	D	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	GLPI	C	0.02%
	AMH	D	0.02%
	CHRW	C	0.02%
	BG	F	0.02%
	CAG	D	0.02%
	CLH	B	0.02%
	PFGC	B	0.02%
	JEF	A	0.02%
	EPAM	C	0.02%
	ELS	C	0.02%
	TPR	B	0.02%
	TXRH	C	0.02%
	AFRM	B	0.02%
	SWK	D	0.02%
	RNR	C	0.02%
	CW	B	0.02%
	APLS	D	0.01%
	CACC	D	0.01%
	FIVN	C	0.01%
	CC	C	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	ECG	C	0.01%
	COLM	B	0.01%
	MAN	D	0.01%
	TDC	D	0.01%
	VIRT	B	0.01%
	NSA	D	0.01%
	SAM	C	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	SNRE	D	0.01%
	RNG	B	0.01%
	WU	D	0.01%
	AMTM	D	0.01%
	ZI	D	0.01%
	WEN	D	0.01%
	EPR	D	0.01%
	PENN	C	0.01%
	YETI	C	0.01%
	SMG	D	0.01%
	VAC	B	0.01%
	HUN	F	0.01%
	BHF	B	0.01%
	ZG	A	0.01%
	NCNO	B	0.01%
	PII	D	0.01%
	NVST	B	0.01%
	IAC	D	0.01%
	ACHC	F	0.01%
	HIW	D	0.01%
	FHB	A	0.01%
	IRDM	D	0.01%
	SPR	D	0.01%
	XRAY	F	0.01%
	TNL	A	0.01%
	W	F	0.01%
	PRGO	B	0.01%
	NWS	B	0.01%
	DNB	B	0.01%
	NWL	B	0.01%
	DXC	B	0.01%
	NEU	C	0.01%
	MDU	D	0.01%
	ASH	D	0.01%
	RARE	D	0.01%
	MSM	C	0.01%
	LINE	F	0.01%
	PEGA	A	0.01%
	OGN	D	0.01%
	FLO	D	0.01%
	DLB	B	0.01%
	WLK	D	0.01%
	HOG	D	0.01%
	MSGS	A	0.01%
	GFS	C	0.01%
	GTES	A	0.01%
	M	D	0.01%
	CHH	A	0.01%
	AN	C	0.01%
	GAP	C	0.01%
	SLGN	A	0.01%
	RYN	D	0.01%
	PSN	D	0.01%
	KRC	C	0.01%
	KMPR	B	0.01%
	EEFT	B	0.01%
	RH	B	0.01%
	AGO	B	0.01%
	TKR	D	0.01%
	LOPE	B	0.01%
	CUZ	B	0.01%
	FIVE	F	0.01%
	OLN	D	0.01%
	HCP	B	0.01%
	ROIV	C	0.01%
	ST	F	0.01%
	WTM	A	0.01%
	BYD	C	0.01%
	AVT	C	0.01%
	HXL	D	0.01%
	AL	B	0.01%
	APPF	B	0.01%
	SON	D	0.01%
	UGI	A	0.01%
	U	C	0.01%
	CIVI	D	0.01%
	BROS	B	0.01%
	OZK	B	0.01%
	INSP	D	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	C	0.01%
	IONS	F	0.01%
	LEA	D	0.01%
	POST	C	0.01%
	TPG	A	0.01%
	CRUS	D	0.01%
	NFG	A	0.01%
	SLM	A	0.01%
	RITM	C	0.01%
	PATH	C	0.01%
	VVV	F	0.01%
	LITE	B	0.01%
	BC	C	0.01%
	BRKR	D	0.01%
	THO	B	0.01%
	JHG	A	0.01%
	ETSY	D	0.01%
	OLLI	D	0.01%
	LFUS	F	0.01%
	IDA	A	0.01%
	PVH	C	0.01%
	THG	A	0.01%
	STWD	C	0.01%
	VNT	B	0.01%
	WFRD	D	0.01%
	CROX	D	0.01%
	BFAM	D	0.01%
	AMG	B	0.01%
	AGCO	D	0.01%
	WHR	B	0.01%
	LAZ	B	0.01%
	FNB	A	0.01%
	DOCS	C	0.01%
	UHAL	D	0.01%
	ARW	D	0.01%
	BIO	D	0.01%
	LNC	B	0.01%
	COLD	D	0.01%
	FOUR	B	0.01%
	PARA	C	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	ESI	A	0.01%
	LYFT	C	0.01%
	SAIC	F	0.01%
	KD	B	0.01%
	COLB	A	0.01%
	NOV	C	0.01%
	MTG	C	0.01%
	ELF	C	0.01%
	SITE	D	0.01%
	WSC	D	0.01%
	OMF	A	0.01%
	SIRI	C	0.01%
	IVZ	B	0.01%
	LSTR	D	0.01%
	MSA	D	0.01%
	DBX	B	0.01%
	CFLT	B	0.01%
	AZPN	A	0.01%
	AWI	A	0.01%
	HR	C	0.01%
	AZEK	A	0.01%
	VMI	B	0.01%
	FAF	A	0.01%
	SN	D	0.01%
	AXS	A	0.01%
	BPOP	B	0.01%
	STAG	F	0.01%
	LSCC	D	0.01%
	FMC	D	0.01%
	MTN	C	0.01%
	H	B	0.01%
	MTDR	B	0.01%
	DINO	D	0.01%
	DAR	C	0.01%
	GXO	B	0.01%
	ELAN	D	0.01%
	CGNX	C	0.01%
	MTSI	B	0.01%
	FCN	D	0.01%
	ALK	C	0.01%
	R	B	0.01%
	FR	C	0.01%
	ATI	D	0.01%
	MASI	A	0.01%
	MKSI	C	0.01%
	FRPT	B	0.01%
	ESTC	C	0.01%
	RGEN	D	0.01%
	GNTX	C	0.01%
	OSK	B	0.01%
	ESAB	B	0.01%
	GTLB	B	0.01%
	AGNC	D	0.01%
	VFC	C	0.01%
	LPX	B	0.01%
	BBWI	D	0.01%
	S	B	0.01%
	MIDD	C	0.01%
	VNO	B	0.01%
	CART	C	0.01%
	PCOR	B	0.01%
	RYAN	B	0.01%
	WH	B	0.01%
	MHK	D	0.01%
	RLI	B	0.01%
	COKE	C	0.01%
	TREX	C	0.01%
	KEX	C	0.01%
	PB	A	0.01%
	SMAR	A	0.01%
	HII	D	0.01%
	JAZZ	B	0.01%
	ADC	B	0.01%
	WEX	D	0.01%
	RHI	B	0.01%
	OLED	D	0.01%
	SSD	D	0.01%
	ONTO	D	0.01%
	BERY	B	0.01%
	NNN	D	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	MEDP	D	0.01%
	FLS	B	0.01%
	CHRD	D	0.01%
	SKX	D	0.01%
	MTCH	D	0.01%
	SNV	B	0.01%
	CZR	F	0.01%
	X	C	0.01%
	KBR	F	0.01%
	CE	F	0.01%
	BWA	D	0.01%
	APG	B	0.01%
	DVA	B	0.01%
	PLTK	B	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	GRAL	C	0.0%
	UWMC	D	0.0%
	SEB	F	0.0%
	NFE	D	0.0%
	UHAL	D	0.0%
	WOLF	F	0.0%
	LOAR	A	0.0%
	TFSL	A	0.0%
	CWEN	C	0.0%
	AS	B	0.0%
	CERT	F	0.0%
	PYCR	C	0.0%
	CNA	B	0.0%
	LLYVA	A	0.0%
	DDS	B	0.0%
	UI	A	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	F	0.0%
	CNXC	F	0.0%
	UA	C	0.0%
	CLVT	F	0.0%
	FTRE	D	0.0%
	CAR	C	0.0%
	BIRK	D	0.0%
	FWONA	B	0.0%
	RKT	F	0.0%
	ALAB	B	0.0%
	QDEL	F	0.0%
	VSTS	C	0.0%
	UAA	C	0.0%
	CRI	D	0.0%
	KSS	F	0.0%
	LCID	F	0.0%
	PPC	C	0.0%
	LBTYA	B	0.0%
	LBTYK	A	0.0%
	SHC	F	0.0%
	RCM	F	0.0%
	IPGP	D	0.0%
	ADT	C	0.0%
	AAP	C	0.0%
	AZTA	D	0.0%
	CWEN	C	0.0%
	HAYW	B	0.0%
	PINC	B	0.0%
	ALGM	D	0.0%
	SPB	C	0.0%
	MP	B	0.0%
	CPRI	F	0.0%
	JWN	C	0.0%
	AGR	B	0.0%
	MPW	F	0.0%
	ENOV	C	0.0%
	BOKF	B	0.0%
	DV	C	0.0%
	HHH	B	0.0%
	CXT	B	0.0%

IWB Underweight 4 Positions Relative to MODL

	Symbol	Grade	Weight
	STX	D	-0.03%
	CRBG	B	-0.02%
	SNAP	C	-0.02%
	IOT	A	-0.0%

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

MODL: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diagnostics & Research Semiconductors Banks - Regional - US Capital Markets Drug Manufacturers - Major Software - Infrastructure Specialty Retail Insurance - Property & Casualty Medical Devices Biotechnology Credit Services Health Care Plans Household & Personal Products Internet Content & Information Medical Instruments & Supplies Packaged Foods Restaurants Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Medicine Cloud Computing Banking Electronics Insurance Products Work From Home Semiconductor Mobile Devices Cloud Infrastructure Disability Telecommunications Integrated Circuits Investment Bank Software