IWB vs. RECS ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Columbia Research Enhanced Core ETF (RECS)

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

$326.64

Average Daily Volume

813,897

Number of Holdings ^*

999

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.56

Average Daily Volume

366,892

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

Performance

Period	IWB	RECS
30 Days	2.70%	2.95%
60 Days	6.47%	7.46%
90 Days	7.98%	8.25%
12 Months	34.14%	36.37%

359 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in RECS	Overlap
	AAPL	C	5.97%	8.24%	5.97%
	ABBV	F	0.64%	0.68%	0.64%
	ACI	C	0.01%	0.04%	0.01%
	ACM	B	0.03%	0.06%	0.03%
	ADBE	C	0.4%	0.52%	0.4%
	ADM	F	0.05%	0.13%	0.05%
	ADP	A	0.23%	0.52%	0.23%
	AEE	B	0.04%	0.18%	0.04%
	AES	F	0.02%	0.08%	0.02%
	AIZ	A	0.02%	0.05%	0.02%
	ALGM	F	0.0%	0.01%	0.0%
	ALL	B	0.09%	0.26%	0.09%
	ALNY	D	0.06%	0.06%	0.06%
	ALSN	B	0.02%	0.04%	0.02%
	AMG	B	0.01%	0.03%	0.01%
	AMGN	F	0.32%	0.33%	0.32%
	AMH	C	0.02%	0.06%	0.02%
	AMKR	F	0.01%	0.01%	0.01%
	AMT	F	0.17%	0.53%	0.17%
	AMZN	A	3.5%	5.1%	3.5%
	ANET	C	0.19%	0.26%	0.19%
	AOS	F	0.02%	0.04%	0.02%
	APG	C	0.02%	0.04%	0.02%
	APLS	F	0.01%	0.01%	0.01%
	APP	B	0.14%	0.11%	0.11%
	ARE	F	0.04%	0.1%	0.04%
	ARMK	B	0.02%	0.04%	0.02%
	ASH	F	0.01%	0.03%	0.01%
	AVTR	F	0.03%	0.1%	0.03%
	AXS	A	0.01%	0.03%	0.01%
	AYI	A	0.02%	0.04%	0.02%
	AZTA	F	0.0%	0.02%	0.0%
	BAC	A	0.55%	1.55%	0.55%
	BAX	F	0.03%	0.12%	0.03%
	BDX	F	0.12%	0.45%	0.12%
	BEN	C	0.01%	0.03%	0.01%
	BG	D	0.02%	0.06%	0.02%
	BIIB	F	0.05%	0.05%	0.05%
	BILL	B	0.01%	0.01%	0.01%
	BK	B	0.1%	0.3%	0.1%
	BKNG	A	0.31%	0.59%	0.31%
	BLD	F	0.02%	0.04%	0.02%
	BLDR	C	0.04%	0.09%	0.04%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	B	0.2%	0.73%	0.2%
	BR	A	0.05%	0.11%	0.05%
	BRBR	A	0.02%	0.05%	0.02%
	BRX	A	0.02%	0.05%	0.02%
	BURL	C	0.03%	0.06%	0.03%
	C	B	0.24%	0.66%	0.24%
	CACI	C	0.02%	0.06%	0.02%
	CAG	F	0.02%	0.07%	0.02%
	CAH	B	0.05%	0.18%	0.05%
	CAT	B	0.35%	0.82%	0.35%
	CBOE	D	0.04%	0.12%	0.04%
	CCL	B	0.04%	0.08%	0.04%
	CE	F	0.02%	0.11%	0.02%
	CF	B	0.03%	0.13%	0.03%
	CI	D	0.16%	0.58%	0.16%
	CIEN	B	0.02%	0.02%	0.02%
	CIVI	D	0.01%	0.02%	0.01%
	CL	F	0.14%	0.39%	0.14%
	CLF	F	0.01%	0.05%	0.01%
	CME	B	0.15%	0.45%	0.15%
	CMI	A	0.09%	0.2%	0.09%
	CNA	C	0.0%	0.01%	0.0%
	CNC	F	0.06%	0.22%	0.06%
	CNM	D	0.02%	0.04%	0.02%
	COKE	C	0.01%	0.03%	0.01%
	COLB	A	0.01%	0.03%	0.01%
	COLM	B	0.01%	0.01%	0.01%
	COR	B	0.07%	0.25%	0.07%
	CRI	D	0.0%	0.01%	0.0%
	CRM	B	0.55%	0.7%	0.55%
	CROX	F	0.01%	0.02%	0.01%
	CRUS	F	0.01%	0.01%	0.01%
	CRWD	B	0.14%	0.17%	0.14%
	CSCO	A	0.43%	0.57%	0.43%
	CSGP	F	0.06%	0.16%	0.06%
	CSL	B	0.04%	0.09%	0.04%
	CSX	B	0.13%	0.29%	0.13%
	CTAS	B	0.14%	0.32%	0.14%
	CTRA	B	0.03%	0.05%	0.03%
	CVNA	B	0.05%	0.09%	0.05%
	CVX	A	0.49%	0.79%	0.49%
	CW	C	0.03%	0.06%	0.03%
	CWEN	D	0.0%	0.02%	0.0%
	CWEN	D	0.0%	0.01%	0.0%
	CWEN	D	0.0%	0.01%	0.0%
	CWEN	D	0.0%	0.02%	0.0%
	DAL	A	0.07%	0.16%	0.07%
	DBX	B	0.01%	0.02%	0.01%
	DCI	A	0.02%	0.04%	0.02%
	DDOG	B	0.07%	0.09%	0.07%
	DDS	B	0.0%	0.0%	0.0%
	DECK	B	0.05%	0.09%	0.05%
	DELL	C	0.07%	0.09%	0.07%
	DHI	D	0.09%	0.18%	0.09%
	DINO	D	0.01%	0.02%	0.01%
	DIS	B	0.33%	0.42%	0.33%
	DKS	D	0.02%	0.04%	0.02%
	DOCU	B	0.03%	0.03%	0.03%
	DTE	D	0.04%	0.19%	0.04%
	DTM	A	0.02%	0.02%	0.02%
	EA	A	0.08%	0.09%	0.08%
	EEFT	C	0.01%	0.02%	0.01%
	EG	D	0.03%	0.08%	0.03%
	EIX	C	0.06%	0.24%	0.06%
	ELAN	C	0.01%	0.04%	0.01%
	EME	B	0.04%	0.1%	0.04%
	EOG	A	0.14%	0.21%	0.14%
	EPR	D	0.01%	0.02%	0.01%
	EQH	B	0.03%	0.08%	0.03%
	EQIX	B	0.16%	0.46%	0.16%
	ESAB	B	0.01%	0.03%	0.01%
	ETR	B	0.06%	0.23%	0.06%
	EVRG	A	0.03%	0.1%	0.03%
	EWBC	B	0.03%	0.07%	0.03%
	EXAS	F	0.02%	0.02%	0.02%
	EXC	C	0.07%	0.29%	0.07%
	EXEL	B	0.02%	0.02%	0.02%
	EXP	B	0.02%	0.07%	0.02%
	EXPD	C	0.03%	0.07%	0.03%
	EXPE	B	0.04%	0.07%	0.04%
	FANG	C	0.06%	0.1%	0.06%
	FCNCA	B	0.05%	0.13%	0.05%
	FDX	B	0.12%	0.27%	0.12%
	FFIV	B	0.03%	0.03%	0.03%
	FHN	A	0.02%	0.05%	0.02%
	FI	A	0.22%	0.63%	0.22%
	FITB	A	0.06%	0.16%	0.06%
	FIX	B	0.03%	0.06%	0.03%
	FLS	B	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FTI	B	0.02%	0.03%	0.02%
	FTNT	B	0.1%	0.12%	0.1%
	FTV	C	0.05%	0.11%	0.05%
	G	B	0.02%	0.03%	0.02%
	GAP	B	0.01%	0.02%	0.01%
	GEN	B	0.03%	0.04%	0.03%
	GILD	B	0.22%	0.2%	0.2%
	GIS	F	0.07%	0.19%	0.07%
	GL	B	0.02%	0.05%	0.02%
	GLPI	D	0.02%	0.07%	0.02%
	GNRC	B	0.02%	0.04%	0.02%
	GOOG	C	1.6%	1.97%	1.6%
	GOOGL	C	1.9%	2.32%	1.9%
	GPN	B	0.05%	0.15%	0.05%
	GTES	B	0.01%	0.02%	0.01%
	GTLB	B	0.01%	0.02%	0.01%
	H	B	0.01%	0.02%	0.01%
	HCA	D	0.12%	0.46%	0.12%
	HIW	D	0.01%	0.02%	0.01%
	HLT	A	0.11%	0.21%	0.11%
	HOLX	D	0.03%	0.13%	0.03%
	HPE	B	0.05%	0.07%	0.05%
	HPQ	B	0.07%	0.09%	0.07%
	HRB	D	0.01%	0.03%	0.01%
	HST	D	0.02%	0.06%	0.02%
	INCY	B	0.02%	0.02%	0.02%
	INGR	B	0.02%	0.05%	0.02%
	INTU	A	0.34%	0.42%	0.34%
	INVH	D	0.04%	0.11%	0.04%
	IONS	F	0.01%	0.01%	0.01%
	ITT	A	0.02%	0.05%	0.02%
	JAZZ	B	0.01%	0.04%	0.01%
	JEF	B	0.02%	0.06%	0.02%
	JHG	A	0.01%	0.03%	0.01%
	JLL	C	0.02%	0.07%	0.02%
	JNJ	D	0.68%	2.51%	0.68%
	JNPR	D	0.02%	0.03%	0.02%
	JPM	A	1.23%	3.49%	1.23%
	K	A	0.04%	0.11%	0.04%
	KEX	A	0.01%	0.03%	0.01%
	KHC	F	0.05%	0.15%	0.05%
	KMB	D	0.08%	0.23%	0.08%
	KR	A	0.07%	0.19%	0.07%
	KRC	C	0.01%	0.02%	0.01%
	L	A	0.03%	0.07%	0.03%
	LDOS	C	0.05%	0.11%	0.05%
	LEA	F	0.01%	0.02%	0.01%
	LECO	C	0.02%	0.05%	0.02%
	LEN	D	0.07%	0.01%	0.01%
	LEN	D	0.07%	0.15%	0.07%
	LEN	D	0.0%	0.01%	0.0%
	LEN	D	0.0%	0.15%	0.0%
	LMT	D	0.22%	0.51%	0.22%
	LNC	B	0.01%	0.03%	0.01%
	LNW	F	0.02%	0.03%	0.02%
	LPX	A	0.01%	0.05%	0.01%
	LRCX	F	0.19%	0.25%	0.19%
	LSCC	D	0.01%	0.02%	0.01%
	LULU	B	0.07%	0.14%	0.07%
	LVS	C	0.03%	0.07%	0.03%
	LYB	F	0.04%	0.17%	0.04%
	M	C	0.01%	0.02%	0.01%
	MAN	F	0.01%	0.01%	0.01%
	MANH	C	0.03%	0.04%	0.03%
	MAS	D	0.03%	0.08%	0.03%
	MCK	B	0.14%	0.45%	0.14%
	MDT	D	0.2%	0.74%	0.2%
	MEDP	D	0.02%	0.05%	0.02%
	MET	C	0.09%	0.25%	0.09%
	META	B	2.34%	2.96%	2.34%
	MGM	D	0.02%	0.03%	0.02%
	MHK	D	0.01%	0.03%	0.01%
	MIDD	D	0.01%	0.03%	0.01%
	MMC	D	0.2%	0.6%	0.2%
	MMM	C	0.13%	0.31%	0.13%
	MO	A	0.17%	0.47%	0.17%
	MOS	D	0.02%	0.07%	0.02%
	MPC	D	0.1%	0.15%	0.1%
	MPWR	F	0.06%	0.09%	0.06%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.03%	0.05%	0.03%
	MSA	D	0.01%	0.02%	0.01%
	MSFT	C	5.69%	7.61%	5.69%
	MSI	B	0.15%	0.2%	0.15%
	MSM	C	0.01%	0.02%	0.01%
	MTCH	F	0.01%	0.02%	0.01%
	MTD	F	0.05%	0.19%	0.05%
	MTG	C	0.01%	0.03%	0.01%
	NBIX	C	0.02%	0.02%	0.02%
	NEU	C	0.01%	0.03%	0.01%
	NI	A	0.03%	0.12%	0.03%
	NNN	F	0.01%	0.04%	0.01%
	NOW	A	0.37%	0.48%	0.37%
	NTAP	D	0.05%	0.06%	0.05%
	NTNX	B	0.03%	0.04%	0.03%
	NTRA	B	0.03%	0.03%	0.03%
	NUE	D	0.07%	0.27%	0.07%
	NVDA	A	6.25%	8.32%	6.25%
	NVR	D	0.05%	0.09%	0.05%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.03%	0.02%
	NYT	C	0.02%	0.02%	0.02%
	OC	A	0.03%	0.07%	0.03%
	OGN	F	0.01%	0.03%	0.01%
	OLN	F	0.01%	0.04%	0.01%
	OTIS	D	0.07%	0.18%	0.07%
	OXY	F	0.06%	0.1%	0.06%
	OZK	B	0.01%	0.03%	0.01%
	PANW	B	0.22%	0.27%	0.22%
	PATH	C	0.01%	0.01%	0.01%
	PAYX	B	0.09%	0.2%	0.09%
	PCAR	B	0.11%	0.24%	0.11%
	PCG	A	0.08%	0.33%	0.08%
	PEGA	B	0.01%	0.01%	0.01%
	PG	C	0.72%	1.98%	0.72%
	PH	A	0.16%	0.37%	0.16%
	PHM	D	0.05%	0.1%	0.05%
	PINC	B	0.0%	0.01%	0.0%
	PINS	F	0.03%	0.05%	0.03%
	PK	C	0.01%	0.02%	0.01%
	PKG	B	0.04%	0.16%	0.04%
	PLTK	B	0.0%	0.0%	0.0%
	PLTR	B	0.21%	0.23%	0.21%
	PM	B	0.36%	1.05%	0.36%
	PPC	C	0.0%	0.01%	0.0%
	PPG	F	0.05%	0.23%	0.05%
	PRGO	C	0.01%	0.02%	0.01%
	PRU	B	0.08%	0.24%	0.08%
	PSTG	D	0.03%	0.04%	0.03%
	PSX	C	0.1%	0.15%	0.1%
	PVH	C	0.01%	0.02%	0.01%
	PYPL	A	0.15%	0.43%	0.15%
	QCOM	F	0.35%	0.47%	0.35%
	QRVO	F	0.01%	0.02%	0.01%
	R	B	0.01%	0.03%	0.01%
	RARE	F	0.01%	0.01%	0.01%
	RCL	A	0.1%	0.17%	0.1%
	REGN	F	0.16%	0.17%	0.16%
	REYN	D	0.0%	0.01%	0.0%
	RGA	A	0.03%	0.08%	0.03%
	RHI	B	0.01%	0.03%	0.01%
	RJF	A	0.05%	0.15%	0.05%
	RL	B	0.02%	0.03%	0.02%
	ROIV	D	0.01%	0.01%	0.01%
	ROKU	C	0.02%	0.02%	0.02%
	ROST	D	0.09%	0.17%	0.09%
	RPM	A	0.03%	0.13%	0.03%
	RPRX	F	0.02%	0.07%	0.02%
	RS	C	0.03%	0.13%	0.03%
	RYN	F	0.01%	0.02%	0.01%
	SAIC	D	0.01%	0.03%	0.01%
	SAM	B	0.01%	0.01%	0.01%
	SBAC	D	0.04%	0.13%	0.04%
	SEB	F	0.0%	0.0%	0.0%
	SEIC	A	0.01%	0.04%	0.01%
	SF	A	0.02%	0.06%	0.02%
	SKX	F	0.01%	0.03%	0.01%
	SLM	A	0.01%	0.03%	0.01%
	SMAR	A	0.01%	0.02%	0.01%
	SMG	D	0.01%	0.03%	0.01%
	SNA	A	0.03%	0.08%	0.03%
	SNX	C	0.02%	0.02%	0.02%
	SOLV	C	0.02%	0.07%	0.02%
	SON	F	0.01%	0.04%	0.01%
	SPG	A	0.1%	0.3%	0.1%
	SRPT	F	0.02%	0.02%	0.02%
	SSNC	C	0.03%	0.07%	0.03%
	STAG	D	0.01%	0.04%	0.01%
	STLD	C	0.04%	0.15%	0.04%
	STT	B	0.05%	0.15%	0.05%
	SWK	F	0.03%	0.06%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.12%	0.05%
	T	A	0.29%	0.37%	0.29%
	TAP	B	0.02%	0.05%	0.02%
	TEAM	B	0.07%	0.08%	0.07%
	TGT	C	0.13%	0.35%	0.13%
	THC	B	0.03%	0.1%	0.03%
	THO	B	0.01%	0.02%	0.01%
	TJX	A	0.24%	0.47%	0.24%
	TMO	F	0.38%	1.38%	0.38%
	TNL	A	0.01%	0.01%	0.01%
	TOL	B	0.03%	0.05%	0.03%
	TPR	A	0.02%	0.04%	0.02%
	TROW	A	0.05%	0.13%	0.05%
	TT	B	0.17%	0.38%	0.17%
	TTD	B	0.1%	0.12%	0.1%
	TXRH	A	0.02%	0.04%	0.02%
	UAL	A	0.05%	0.11%	0.05%
	UBER	F	0.26%	0.65%	0.26%
	UGI	D	0.01%	0.04%	0.01%
	UNM	A	0.02%	0.06%	0.02%
	UNP	D	0.27%	0.62%	0.27%
	UPS	C	0.17%	0.43%	0.17%
	UTHR	B	0.03%	0.03%	0.03%
	VIRT	B	0.01%	0.01%	0.01%
	VKTX	F	0.01%	0.01%	0.01%
	VLO	C	0.08%	0.12%	0.08%
	VRSN	C	0.03%	0.04%	0.03%
	VRT	B	0.08%	0.17%	0.08%
	VRTX	B	0.24%	0.23%	0.23%
	VST	B	0.09%	0.31%	0.09%
	VTRS	B	0.03%	0.09%	0.03%
	WAB	B	0.06%	0.15%	0.06%
	WCC	B	0.02%	0.04%	0.02%
	WFC	A	0.44%	1.24%	0.44%
	WFRD	F	0.01%	0.02%	0.01%
	WH	A	0.01%	0.02%	0.01%
	WLK	F	0.01%	0.03%	0.01%
	WM	A	0.16%	0.38%	0.16%
	WPC	F	0.02%	0.07%	0.02%
	WSM	F	0.03%	0.06%	0.03%
	WTFC	B	0.01%	0.04%	0.01%
	WTW	A	0.06%	0.17%	0.06%
	WU	F	0.01%	0.02%	0.01%
	WY	F	0.04%	0.12%	0.04%
	WYNN	C	0.02%	0.04%	0.02%
	XEL	A	0.07%	0.28%	0.07%
	XOM	B	0.98%	1.59%	0.98%
	XRAY	F	0.01%	0.03%	0.01%
	ZBH	C	0.04%	0.14%	0.04%
	ZION	B	0.02%	0.04%	0.02%
	ZM	B	0.04%	0.05%	0.04%
	ZS	B	0.03%	0.04%	0.03%

IWB Overweight 644 Positions Relative to RECS

	Symbol	Grade	Weight
	TSLA	B	1.62%
	BRK.A	B	1.54%
	AVGO	C	1.51%
	LLY	F	1.2%
	UNH	B	1.02%
	V	A	0.88%
	MA	B	0.78%
	COST	B	0.76%
	HD	B	0.73%
	WMT	A	0.67%
	NFLX	A	0.62%
	ORCL	A	0.54%
	MRK	F	0.47%
	KO	F	0.45%
	AMD	F	0.43%
	PEP	D	0.41%
	LIN	D	0.4%
	ACN	B	0.4%
	MCD	C	0.39%
	ABT	C	0.37%
	IBM	D	0.36%
	TXN	B	0.36%
	GE	D	0.36%
	GS	B	0.34%
	ISRG	A	0.34%
	VZ	D	0.31%
	RTX	D	0.3%
	CMCSA	B	0.3%
	DHR	F	0.29%
	NEE	D	0.29%
	AMAT	F	0.29%
	AXP	B	0.29%
	PGR	A	0.28%
	BLK	A	0.28%
	LOW	B	0.28%
	SPGI	C	0.28%
	MS	A	0.27%
	PFE	F	0.27%
	HON	B	0.26%
	ETN	B	0.26%
	SYK	A	0.25%
	COP	C	0.24%
	BX	A	0.23%
	BSX	A	0.23%
	MU	D	0.22%
	CB	C	0.21%
	TMUS	A	0.21%
	SCHW	B	0.2%
	SBUX	B	0.2%
	INTC	C	0.2%
	ADI	D	0.2%
	KKR	B	0.19%
	BA	F	0.19%
	PLD	D	0.19%
	SO	D	0.18%
	ELV	F	0.18%
	DE	D	0.18%
	KLAC	F	0.17%
	GEV	B	0.17%
	APH	B	0.16%
	DUK	D	0.16%
	MDLZ	F	0.16%
	ICE	C	0.16%
	SHW	A	0.16%
	NKE	F	0.16%
	CMG	B	0.15%
	ITW	B	0.15%
	MRVL	B	0.15%
	ZTS	D	0.15%
	PNC	B	0.15%
	CDNS	B	0.15%
	WELL	B	0.15%
	GD	C	0.15%
	APO	B	0.15%
	SNPS	C	0.15%
	AON	B	0.14%
	CEG	D	0.14%
	MCO	C	0.14%
	USB	B	0.14%
	APD	B	0.13%
	COF	B	0.13%
	CVS	F	0.13%
	ORLY	A	0.13%
	EMR	A	0.13%
	NOC	D	0.13%
	TDG	D	0.13%
	CARR	C	0.12%
	MAR	A	0.12%
	ADSK	B	0.12%
	FCX	F	0.12%
	WMB	B	0.12%
	CRH	B	0.12%
	DLR	C	0.11%
	ABNB	C	0.11%
	TRV	B	0.11%
	DASH	A	0.11%
	TFC	B	0.11%
	AFL	C	0.11%
	ROP	A	0.11%
	NSC	B	0.11%
	SLB	C	0.11%
	GM	B	0.11%
	ECL	C	0.11%
	OKE	A	0.11%
	AJG	A	0.11%
	AZO	B	0.1%
	COIN	B	0.1%
	PSA	D	0.1%
	WDAY	B	0.1%
	AMP	A	0.1%
	FICO	B	0.1%
	JCI	A	0.1%
	SRE	B	0.1%
	URI	B	0.1%
	LNG	B	0.09%
	FAST	B	0.09%
	PWR	B	0.09%
	D	D	0.09%
	CPRT	A	0.09%
	AIG	B	0.09%
	LHX	B	0.09%
	FIS	B	0.09%
	O	D	0.09%
	AEP	D	0.09%
	NEM	F	0.09%
	KMI	B	0.09%
	GWW	B	0.09%
	SQ	B	0.08%
	CBRE	B	0.08%
	FERG	B	0.08%
	MSTR	B	0.08%
	TRGP	B	0.08%
	PEG	C	0.08%
	F	C	0.08%
	BKR	B	0.08%
	AXON	B	0.08%
	RSG	B	0.08%
	DFS	B	0.08%
	AME	A	0.08%
	ODFL	B	0.08%
	KVUE	A	0.08%
	MSCI	B	0.08%
	HWM	B	0.08%
	CCI	F	0.08%
	ACGL	C	0.07%
	KDP	C	0.07%
	CHTR	B	0.07%
	RMD	C	0.07%
	GLW	B	0.07%
	STZ	D	0.07%
	MLM	B	0.07%
	GEHC	D	0.07%
	SNOW	C	0.07%
	SYY	D	0.07%
	YUM	B	0.07%
	MCHP	F	0.07%
	VMC	B	0.07%
	MNST	B	0.07%
	IQV	F	0.07%
	EW	F	0.07%
	HES	B	0.07%
	CTSH	A	0.07%
	A	F	0.07%
	VRSK	A	0.07%
	CTVA	C	0.07%
	IT	B	0.07%
	IR	A	0.07%
	TTWO	A	0.06%
	WEC	B	0.06%
	TSCO	D	0.06%
	ROK	B	0.06%
	ARES	B	0.06%
	EBAY	C	0.06%
	HUBS	B	0.06%
	NDAQ	B	0.06%
	DOW	F	0.06%
	GRMN	A	0.06%
	VICI	D	0.06%
	AVB	B	0.06%
	EFX	F	0.06%
	ED	D	0.06%
	HIG	C	0.06%
	VEEV	B	0.06%
	HUM	D	0.06%
	MTB	A	0.06%
	IRM	D	0.06%
	EXR	D	0.06%
	DD	D	0.06%
	IDXX	F	0.06%
	CPAY	A	0.05%
	HBAN	A	0.05%
	GDDY	B	0.05%
	HUBB	C	0.05%
	HSY	F	0.05%
	HAL	C	0.05%
	TPL	B	0.05%
	CHD	A	0.05%
	VLTO	D	0.05%
	VTR	C	0.05%
	TYL	B	0.05%
	AWK	D	0.05%
	RBLX	B	0.05%
	CDW	F	0.05%
	BRO	B	0.05%
	SW	B	0.05%
	NET	B	0.05%
	DOV	A	0.05%
	EQR	C	0.05%
	CPNG	B	0.05%
	DXCM	C	0.05%
	KEYS	C	0.05%
	ANSS	B	0.05%
	XYL	F	0.05%
	ON	F	0.05%
	ESS	C	0.04%
	LYV	A	0.04%
	PFG	C	0.04%
	MKC	D	0.04%
	NRG	C	0.04%
	COO	D	0.04%
	IP	B	0.04%
	CMS	D	0.04%
	DRI	B	0.04%
	OMC	A	0.04%
	HOOD	B	0.04%
	LH	B	0.04%
	ZBRA	B	0.04%
	LII	B	0.04%
	CLX	A	0.04%
	MDB	C	0.04%
	TRU	D	0.04%
	FSLR	F	0.04%
	NTRS	A	0.04%
	CFG	B	0.04%
	EXE	A	0.04%
	MKL	A	0.04%
	ES	D	0.04%
	STE	D	0.04%
	ATO	B	0.04%
	WBD	B	0.04%
	TDY	B	0.04%
	WAT	B	0.04%
	WDC	D	0.04%
	PTC	B	0.04%
	CINF	A	0.04%
	LPLA	A	0.04%
	WST	B	0.04%
	BAH	C	0.04%
	RF	A	0.04%
	IFF	F	0.04%
	FE	D	0.04%
	ILMN	C	0.04%
	EQT	B	0.04%
	PPL	A	0.04%
	DVN	F	0.04%
	POOL	D	0.03%
	RNR	D	0.03%
	ROL	C	0.03%
	COHR	C	0.03%
	SAIA	B	0.03%
	UDR	C	0.03%
	AMCR	D	0.03%
	EL	F	0.03%
	LNT	C	0.03%
	GGG	B	0.03%
	NDSN	B	0.03%
	JBL	C	0.03%
	RVTY	C	0.03%
	APTV	F	0.03%
	CASY	B	0.03%
	SUI	F	0.03%
	USFD	B	0.03%
	TW	B	0.03%
	DT	C	0.03%
	ENTG	F	0.03%
	JBHT	C	0.03%
	FNF	C	0.03%
	TWLO	B	0.03%
	DPZ	C	0.03%
	GWRE	A	0.03%
	DOC	C	0.03%
	TXT	D	0.03%
	HEI	A	0.03%
	AVY	F	0.03%
	KIM	A	0.03%
	ALGN	D	0.03%
	TSN	B	0.03%
	FWONK	A	0.03%
	DG	F	0.03%
	TOST	A	0.03%
	GPC	D	0.03%
	PNR	A	0.03%
	TER	F	0.03%
	IEX	B	0.03%
	KEY	B	0.03%
	DGX	B	0.03%
	XPO	B	0.03%
	WRB	B	0.03%
	IBKR	A	0.03%
	TRMB	B	0.03%
	FDS	A	0.03%
	DKNG	B	0.03%
	WSO	B	0.03%
	J	D	0.03%
	ULTA	C	0.03%
	BALL	D	0.03%
	MAA	C	0.03%
	PODD	B	0.03%
	LUV	B	0.03%
	CNP	B	0.03%
	MOH	F	0.03%
	BBY	C	0.03%
	VOYA	B	0.02%
	OLED	F	0.02%
	FYBR	D	0.02%
	CHE	D	0.02%
	EGP	D	0.02%
	AR	B	0.02%
	CR	B	0.02%
	PEN	C	0.02%
	ONTO	F	0.02%
	RIVN	F	0.02%
	GPK	D	0.02%
	OGE	B	0.02%
	CZR	F	0.02%
	TTC	F	0.02%
	ENPH	F	0.02%
	HSIC	F	0.02%
	HRL	F	0.02%
	CPB	F	0.02%
	MTZ	B	0.02%
	HAS	D	0.02%
	RBC	B	0.02%
	GMED	B	0.02%
	AXTA	A	0.02%
	REXR	F	0.02%
	AAL	B	0.02%
	ORI	A	0.02%
	X	D	0.02%
	KNX	C	0.02%
	PCTY	B	0.02%
	TPX	B	0.02%
	CNH	D	0.02%
	TFX	F	0.02%
	GME	C	0.02%
	CMA	A	0.02%
	PNFP	B	0.02%
	FRT	B	0.02%
	ITCI	B	0.02%
	MORN	B	0.02%
	AAON	B	0.02%
	TKO	D	0.02%
	WMS	F	0.02%
	WAL	B	0.02%
	GLOB	B	0.02%
	HLI	B	0.02%
	MUSA	B	0.02%
	FBIN	F	0.02%
	KBR	D	0.02%
	RGLD	C	0.02%
	PR	C	0.02%
	WBS	A	0.02%
	KNSL	C	0.02%
	AFG	A	0.02%
	NLY	C	0.02%
	WTRG	C	0.02%
	LKQ	C	0.02%
	CHDN	B	0.02%
	EHC	B	0.02%
	WING	D	0.02%
	ALLY	C	0.02%
	OHI	C	0.02%
	PRI	B	0.02%
	MKTX	C	0.02%
	LAD	B	0.02%
	PNW	A	0.02%
	FND	F	0.02%
	DOX	C	0.02%
	LBRDK	C	0.02%
	WWD	B	0.02%
	CUBE	D	0.02%
	CTLT	D	0.02%
	CCK	D	0.02%
	AFRM	B	0.02%
	CRL	C	0.02%
	CAVA	C	0.02%
	EVR	B	0.02%
	AA	C	0.02%
	IPG	F	0.02%
	LAMR	D	0.02%
	HEI	A	0.02%
	CG	B	0.02%
	OWL	B	0.02%
	OVV	C	0.02%
	RRX	B	0.02%
	BWXT	B	0.02%
	ATR	A	0.02%
	NCLH	B	0.02%
	Z	B	0.02%
	ALB	C	0.02%
	PAYC	B	0.02%
	SJM	F	0.02%
	LW	B	0.02%
	KMX	B	0.02%
	DUOL	A	0.02%
	TECH	D	0.02%
	BJ	B	0.02%
	UHS	D	0.02%
	EMN	D	0.02%
	SMCI	F	0.02%
	DAY	B	0.02%
	OKTA	C	0.02%
	TTEK	F	0.02%
	DLTR	F	0.02%
	SCI	B	0.02%
	CHRW	A	0.02%
	ALLE	D	0.02%
	NVT	C	0.02%
	CPT	C	0.02%
	BXP	D	0.02%
	EPAM	B	0.02%
	ELS	B	0.02%
	JKHY	C	0.02%
	PFGC	B	0.02%
	SOFI	B	0.02%
	AKAM	F	0.02%
	CLH	B	0.02%
	REG	A	0.02%
	HHH	B	0.01%
	COTY	D	0.01%
	PAG	B	0.01%
	LLYVK	B	0.01%
	MPW	F	0.01%
	CC	C	0.01%
	NSA	D	0.01%
	TDC	F	0.01%
	AMED	F	0.01%
	PENN	B	0.01%
	ECG	D	0.01%
	RNG	C	0.01%
	BHF	B	0.01%
	YETI	D	0.01%
	LBTYA	F	0.01%
	ZG	B	0.01%
	NVST	C	0.01%
	HUN	F	0.01%
	VAC	B	0.01%
	WEN	C	0.01%
	FHB	B	0.01%
	PII	F	0.01%
	NCNO	B	0.01%
	LBTYK	F	0.01%
	SPR	F	0.01%
	IRDM	B	0.01%
	ACHC	F	0.01%
	MDU	D	0.01%
	ZI	C	0.01%
	W	F	0.01%
	DNB	B	0.01%
	DXC	B	0.01%
	NWL	B	0.01%
	IAC	F	0.01%
	FLO	F	0.01%
	CHH	B	0.01%
	HOG	D	0.01%
	LINE	F	0.01%
	AMTM	D	0.01%
	AN	C	0.01%
	KMPR	A	0.01%
	SLGN	B	0.01%
	MSGS	B	0.01%
	DLB	D	0.01%
	GFS	C	0.01%
	AGO	B	0.01%
	FIVE	F	0.01%
	TKR	F	0.01%
	WTM	A	0.01%
	HCP	A	0.01%
	AL	B	0.01%
	CUZ	B	0.01%
	RH	C	0.01%
	APPF	B	0.01%
	BYD	A	0.01%
	ST	F	0.01%
	LOPE	B	0.01%
	CCCS	B	0.01%
	CELH	F	0.01%
	PSN	C	0.01%
	HXL	F	0.01%
	BROS	B	0.01%
	AM	B	0.01%
	SEE	C	0.01%
	AVT	C	0.01%
	NFG	D	0.01%
	NXST	C	0.01%
	RITM	C	0.01%
	VNOM	C	0.01%
	TPG	B	0.01%
	VVV	B	0.01%
	POST	D	0.01%
	IDA	A	0.01%
	LITE	B	0.01%
	THG	A	0.01%
	INSP	F	0.01%
	AGCO	F	0.01%
	FNB	B	0.01%
	BC	D	0.01%
	WHR	B	0.01%
	STWD	C	0.01%
	U	F	0.01%
	LFUS	D	0.01%
	ETSY	D	0.01%
	VNT	C	0.01%
	OLLI	C	0.01%
	LYFT	B	0.01%
	BRKR	F	0.01%
	KD	A	0.01%
	ELF	C	0.01%
	LAZ	C	0.01%
	OMF	A	0.01%
	CFLT	B	0.01%
	ARW	F	0.01%
	DAR	B	0.01%
	PARA	B	0.01%
	ESI	B	0.01%
	FOUR	B	0.01%
	ALK	A	0.01%
	COLD	F	0.01%
	WBA	D	0.01%
	NOV	C	0.01%
	AZPN	A	0.01%
	FAF	C	0.01%
	BPOP	C	0.01%
	SIRI	C	0.01%
	AWI	B	0.01%
	BFAM	F	0.01%
	MAT	C	0.01%
	IVZ	B	0.01%
	MTDR	B	0.01%
	VMI	B	0.01%
	HR	C	0.01%
	UHAL	D	0.01%
	AZEK	B	0.01%
	BSY	F	0.01%
	MTN	C	0.01%
	LSTR	B	0.01%
	BBWI	C	0.01%
	SN	C	0.01%
	SITE	D	0.01%
	GXO	B	0.01%
	MASI	B	0.01%
	GNTX	C	0.01%
	ESTC	C	0.01%
	FR	D	0.01%
	BIO	C	0.01%
	AGNC	C	0.01%
	DOCS	B	0.01%
	ATI	F	0.01%
	FCN	F	0.01%
	OSK	B	0.01%
	RLI	A	0.01%
	FRPT	B	0.01%
	PB	B	0.01%
	WSC	F	0.01%
	RYAN	B	0.01%
	CGNX	C	0.01%
	FMC	F	0.01%
	VFC	C	0.01%
	PCOR	B	0.01%
	ADC	A	0.01%
	DVA	C	0.01%
	S	B	0.01%
	MTSI	B	0.01%
	MKSI	C	0.01%
	RRC	B	0.01%
	WEX	D	0.01%
	BERY	D	0.01%
	HII	F	0.01%
	BWA	B	0.01%
	RGEN	C	0.01%
	APA	F	0.01%
	TREX	C	0.01%
	SSD	F	0.01%
	SNV	B	0.01%
	VNO	C	0.01%
	CFR	B	0.01%
	CHRD	D	0.01%
	CART	C	0.01%
	PLNT	A	0.01%
	CBSH	A	0.01%
	SEG	F	0.0%
	PARAA	B	0.0%
	GRAL	B	0.0%
	NFE	F	0.0%
	UWMC	F	0.0%
	UHAL	D	0.0%
	TFSL	A	0.0%
	LOAR	C	0.0%
	AS	B	0.0%
	LLYVA	B	0.0%
	PYCR	B	0.0%
	WOLF	F	0.0%
	CERT	F	0.0%
	UI	B	0.0%
	SNDR	B	0.0%
	INFA	F	0.0%
	LBRDA	C	0.0%
	TRIP	D	0.0%
	GO	C	0.0%
	CAR	C	0.0%
	LEG	F	0.0%
	TXG	F	0.0%
	UA	B	0.0%
	QS	F	0.0%
	BIRK	F	0.0%
	DJT	C	0.0%
	CLVT	F	0.0%
	CNXC	F	0.0%
	FWONA	B	0.0%
	UAA	B	0.0%
	KSS	D	0.0%
	VSTS	D	0.0%
	FTRE	D	0.0%
	RCM	B	0.0%
	ALAB	C	0.0%
	LCID	F	0.0%
	RKT	F	0.0%
	HAYW	B	0.0%
	AAP	C	0.0%
	QDEL	F	0.0%
	CPRI	F	0.0%
	ADT	C	0.0%
	SHC	D	0.0%
	SPB	A	0.0%
	JWN	B	0.0%
	IPGP	C	0.0%
	AGR	C	0.0%
	ENOV	C	0.0%
	MP	C	0.0%
	BOKF	B	0.0%
	FIVN	C	0.0%
	DV	C	0.0%
	CXT	F	0.0%
	CACC	D	0.0%

IWB Underweight 5 Positions Relative to RECS

	Symbol	Grade	Weight
	SPOT	A	-0.13%
	QGEN	D	-0.06%
	XP	F	-0.04%
	CRBG	C	-0.04%
	ADTN	B	-0.01%

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

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Business Services Semiconductors Software - Infrastructure Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Biotechnology Bank Medicine Banking Electricity Software Work From Home Clothing Dow Jones Component IBD 50 Mining Real Estate Investment Trust Telecommunications Biopharmaceutical Electronics