IWB vs. TVAL ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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 1000Â® 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 ^*

999

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$32.49

Average Daily Volume

11,689

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

Performance

Period	IWB	TVAL
30 Days	1.32%	-0.12%
60 Days	4.39%	2.65%
90 Days	6.21%	4.84%
12 Months	32.06%	27.28%

139 Overlapping Holdings

Symbol	Grade	Weight in IWB	Weight in TVAL	Overlap
A	F	0.07%	0.33%	0.07%
ABBV	F	0.64%	0.36%	0.36%
ACN	C	0.4%	0.7%	0.4%
ADI	D	0.2%	0.35%	0.2%
AEE	A	0.04%	0.65%	0.04%
AIG	C	0.09%	0.87%	0.09%
ALL	A	0.09%	0.39%	0.09%
AMAT	F	0.29%	0.38%	0.29%
AMD	F	0.43%	0.22%	0.22%
AME	A	0.08%	0.31%	0.08%
APO	A	0.15%	0.46%	0.15%
ARES	A	0.06%	0.45%	0.06%
AVB	B	0.06%	1.22%	0.06%
AVY	D	0.03%	0.19%	0.03%
AXP	B	0.29%	0.26%	0.26%
AZO	C	0.1%	0.52%	0.1%
BA	D	0.19%	0.56%	0.19%
BAC	A	0.55%	1.89%	0.55%
BAX	F	0.03%	0.5%	0.03%
BDX	F	0.12%	1.01%	0.12%
BKR	B	0.08%	0.35%	0.08%
C	B	0.24%	0.81%	0.24%
CAG	F	0.02%	0.4%	0.02%
CARR	D	0.12%	0.27%	0.12%
CAT	C	0.35%	0.3%	0.3%
CB	C	0.21%	2.23%	0.21%
CDW	F	0.05%	0.25%	0.05%
CF	A	0.03%	0.52%	0.03%
CI	D	0.16%	0.87%	0.16%
CL	D	0.14%	0.84%	0.14%
CMCSA	B	0.3%	0.46%	0.3%
CME	A	0.15%	0.23%	0.15%
CMI	A	0.09%	1.09%	0.09%
COF	B	0.13%	0.33%	0.13%
COP	B	0.24%	1.25%	0.24%
CPAY	A	0.05%	0.42%	0.05%
CSX	C	0.13%	0.49%	0.13%
CVS	F	0.13%	0.23%	0.13%
CVX	A	0.49%	0.73%	0.49%
D	C	0.09%	0.55%	0.09%
DHR	D	0.29%	0.65%	0.29%
DIS	B	0.33%	0.2%	0.2%
DTE	C	0.04%	0.17%	0.04%
EFX	F	0.06%	0.33%	0.06%
ELV	F	0.18%	1.81%	0.18%
EOG	A	0.14%	0.82%	0.14%
EQH	B	0.03%	1.0%	0.03%
EQIX	A	0.16%	0.16%	0.16%
EQT	A	0.04%	0.46%	0.04%
FANG	D	0.06%	0.43%	0.06%
FI	A	0.22%	1.53%	0.22%
FITB	B	0.06%	0.77%	0.06%
GE	D	0.36%	1.21%	0.36%
GEV	A	0.17%	0.7%	0.17%
GOOG	B	1.6%	0.95%	0.95%
HAL	C	0.05%	0.22%	0.05%
HBAN	B	0.05%	0.45%	0.05%
HCA	F	0.12%	0.45%	0.12%
HD	A	0.73%	0.63%	0.63%
HIG	B	0.06%	1.96%	0.06%
HON	B	0.26%	0.68%	0.26%
HUBB	B	0.05%	0.7%	0.05%
HWM	A	0.08%	0.48%	0.08%
IP	A	0.04%	0.64%	0.04%
JNJ	D	0.68%	1.82%	0.68%
JPM	A	1.23%	1.23%	1.23%
KDP	D	0.07%	0.4%	0.07%
KEYS	C	0.05%	0.35%	0.05%
KMB	C	0.08%	0.66%	0.08%
KO	D	0.45%	0.72%	0.45%
KVUE	A	0.08%	1.49%	0.08%
LAMR	D	0.02%	0.4%	0.02%
LEN	D	0.07%	0.42%	0.07%
LEN	D	0.0%	0.42%	0.0%
LHX	B	0.09%	1.36%	0.09%
LIN	D	0.4%	0.73%	0.4%
LLY	F	1.2%	1.19%	1.19%
LVS	B	0.03%	0.41%	0.03%
MAR	B	0.12%	0.47%	0.12%
MCD	D	0.39%	0.46%	0.39%
MCHP	F	0.07%	0.27%	0.07%
MCK	A	0.14%	0.8%	0.14%
MDLZ	F	0.16%	0.43%	0.16%
MET	A	0.09%	0.22%	0.09%
META	C	2.34%	0.87%	0.87%
MGM	D	0.02%	0.24%	0.02%
MMC	D	0.2%	0.67%	0.2%
MOH	F	0.03%	0.28%	0.03%
MRK	F	0.47%	0.8%	0.47%
MS	A	0.27%	0.56%	0.27%
MSFT	D	5.69%	0.65%	0.65%
MSI	B	0.15%	0.34%	0.15%
MU	D	0.22%	0.45%	0.22%
NEE	C	0.29%	0.59%	0.29%
NSC	B	0.11%	0.74%	0.11%
NWSA	B	0.02%	0.75%	0.02%
OTIS	C	0.07%	0.3%	0.07%
PG	C	0.72%	0.72%	0.72%
PGR	B	0.28%	0.48%	0.28%
PLD	D	0.19%	0.34%	0.19%
PM	A	0.36%	1.41%	0.36%
PSA	C	0.1%	0.44%	0.1%
QCOM	F	0.35%	1.08%	0.35%
REGN	F	0.16%	0.42%	0.16%
REXR	F	0.02%	0.48%	0.02%
ROK	B	0.06%	0.52%	0.06%
ROP	C	0.11%	0.29%	0.11%
RPM	B	0.03%	0.52%	0.03%
RSG	A	0.08%	0.62%	0.08%
SCHW	A	0.2%	0.89%	0.2%
SO	C	0.18%	1.67%	0.18%
SPGI	D	0.28%	0.26%	0.26%
SRE	A	0.1%	0.68%	0.1%
STLD	B	0.04%	0.32%	0.04%
SWK	F	0.03%	1.1%	0.03%
TDG	D	0.13%	0.46%	0.13%
TJX	A	0.24%	0.29%	0.24%
TMO	F	0.38%	1.12%	0.38%
TMUS	B	0.21%	0.88%	0.21%
TT	A	0.17%	0.31%	0.17%
TXN	C	0.36%	0.7%	0.36%
UAL	A	0.05%	0.31%	0.05%
UNH	C	1.02%	1.9%	1.02%
UNP	D	0.27%	0.42%	0.27%
UPS	C	0.17%	0.28%	0.17%
USB	B	0.14%	0.56%	0.14%
VMC	B	0.07%	0.22%	0.07%
VRTX	D	0.24%	0.29%	0.24%
VST	A	0.09%	0.74%	0.09%
VZ	C	0.31%	0.58%	0.31%
WDC	F	0.04%	0.6%	0.04%
WFC	A	0.44%	1.77%	0.44%
WMB	A	0.12%	0.46%	0.12%
WMT	A	0.67%	1.89%	0.67%
WY	D	0.04%	0.88%	0.04%
XOM	B	0.98%	2.56%	0.98%
YUM	D	0.07%	0.36%	0.07%
ZBH	C	0.04%	0.85%	0.04%
ZTS	D	0.15%	0.23%	0.15%

IWB Overweight 860 Positions Relative to TVAL

Symbol	Grade	Weight
NVDA	A	6.25%
AAPL	C	5.97%
AMZN	B	3.5%
GOOGL	B	1.9%
TSLA	A	1.62%
BRK.A	B	1.54%
AVGO	C	1.51%
V	A	0.88%
MA	B	0.78%
COST	A	0.76%
NFLX	A	0.62%
CRM	B	0.55%
ORCL	A	0.54%
CSCO	B	0.43%
PEP	F	0.41%
ADBE	D	0.4%
ABT	A	0.37%
NOW	B	0.37%
IBM	C	0.36%
GS	B	0.34%
INTU	B	0.34%
ISRG	A	0.34%
AMGN	D	0.32%
BKNG	A	0.31%
RTX	D	0.3%
T	A	0.29%
BLK	B	0.28%
LOW	C	0.28%
PFE	F	0.27%
UBER	F	0.26%
ETN	B	0.26%
SYK	A	0.25%
BX	A	0.23%
ADP	B	0.23%
BSX	A	0.23%
PANW	B	0.22%
GILD	C	0.22%
LMT	D	0.22%
PLTR	A	0.21%
BMY	A	0.2%
SBUX	A	0.2%
INTC	C	0.2%
MDT	D	0.2%
LRCX	F	0.19%
KKR	A	0.19%
ANET	C	0.19%
DE	C	0.18%
KLAC	F	0.17%
MO	A	0.17%
AMT	D	0.17%
APH	B	0.16%
DUK	C	0.16%
ICE	C	0.16%
PH	B	0.16%
WM	B	0.16%
SHW	C	0.16%
NKE	F	0.16%
CMG	C	0.15%
ITW	B	0.15%
MRVL	B	0.15%
PNC	B	0.15%
CDNS	B	0.15%
WELL	A	0.15%
GD	D	0.15%
PYPL	B	0.15%
SNPS	C	0.15%
CRWD	B	0.14%
AON	B	0.14%
CEG	C	0.14%
MCO	D	0.14%
APP	A	0.14%
CTAS	B	0.14%
APD	A	0.13%
TGT	B	0.13%
ORLY	B	0.13%
EMR	A	0.13%
NOC	D	0.13%
MMM	D	0.13%
FDX	B	0.12%
ADSK	B	0.12%
FCX	F	0.12%
CRH	B	0.12%
DLR	A	0.11%
ABNB	D	0.11%
PCAR	C	0.11%
TRV	A	0.11%
DASH	A	0.11%
TFC	A	0.11%
AFL	C	0.11%
HLT	A	0.11%
SLB	C	0.11%
GM	B	0.11%
ECL	D	0.11%
OKE	A	0.11%
AJG	B	0.11%
PSX	C	0.1%
COIN	A	0.1%
RCL	A	0.1%
MPC	D	0.1%
WDAY	C	0.1%
AMP	A	0.1%
FICO	B	0.1%
TTD	B	0.1%
JCI	B	0.1%
BK	B	0.1%
SPG	A	0.1%
FTNT	B	0.1%
URI	B	0.1%
ROST	D	0.09%
LNG	A	0.09%
FAST	B	0.09%
PAYX	B	0.09%
PWR	A	0.09%
CPRT	B	0.09%
FIS	C	0.09%
DHI	D	0.09%
O	C	0.09%
AEP	C	0.09%
NEM	D	0.09%
KMI	A	0.09%
GWW	B	0.09%
SQ	A	0.08%
CBRE	B	0.08%
FERG	C	0.08%
MSTR	A	0.08%
EA	A	0.08%
TRGP	A	0.08%
PEG	C	0.08%
F	C	0.08%
AXON	A	0.08%
PRU	B	0.08%
VLO	C	0.08%
DFS	B	0.08%
PCG	A	0.08%
ODFL	B	0.08%
VRT	A	0.08%
MSCI	B	0.08%
CCI	C	0.08%
HPQ	B	0.07%
GIS	F	0.07%
DELL	B	0.07%
ACGL	D	0.07%
CHTR	B	0.07%
RMD	C	0.07%
DDOG	A	0.07%
LULU	C	0.07%
GLW	B	0.07%
STZ	D	0.07%
XEL	A	0.07%
TEAM	A	0.07%
MLM	B	0.07%
NUE	D	0.07%
GEHC	D	0.07%
SNOW	C	0.07%
EXC	C	0.07%
SYY	D	0.07%
MNST	C	0.07%
IQV	F	0.07%
DAL	A	0.07%
EW	C	0.07%
KR	B	0.07%
HES	B	0.07%
CTSH	C	0.07%
VRSK	B	0.07%
CTVA	C	0.07%
COR	B	0.07%
IT	C	0.07%
IR	B	0.07%
TTWO	A	0.06%
WEC	A	0.06%
TSCO	D	0.06%
EBAY	D	0.06%
CSGP	F	0.06%
EIX	C	0.06%
CNC	F	0.06%
ETR	A	0.06%
HUBS	B	0.06%
WTW	B	0.06%
NDAQ	A	0.06%
DOW	F	0.06%
GRMN	B	0.06%
VICI	C	0.06%
OXY	F	0.06%
ED	C	0.06%
VEEV	C	0.06%
HUM	D	0.06%
MTB	A	0.06%
IRM	C	0.06%
ALNY	D	0.06%
WAB	B	0.06%
EXR	C	0.06%
DD	D	0.06%
MPWR	F	0.06%
IDXX	F	0.06%
ADM	D	0.05%
SYF	B	0.05%
GDDY	A	0.05%
BIIB	F	0.05%
HSY	F	0.05%
NTAP	C	0.05%
TROW	B	0.05%
TPL	A	0.05%
CHD	A	0.05%
VLTO	C	0.05%
FCNCA	A	0.05%
VTR	B	0.05%
BR	B	0.05%
TYL	B	0.05%
AWK	C	0.05%
FTV	D	0.05%
CVNA	A	0.05%
LDOS	C	0.05%
RBLX	B	0.05%
DECK	A	0.05%
NVR	D	0.05%
BRO	B	0.05%
SW	A	0.05%
NET	B	0.05%
PHM	D	0.05%
DOV	B	0.05%
MTD	F	0.05%
EQR	C	0.05%
CPNG	D	0.05%
DXCM	C	0.05%
GPN	C	0.05%
STT	B	0.05%
HPE	B	0.05%
KHC	F	0.05%
PPG	F	0.05%
CAH	B	0.05%
ANSS	B	0.05%
RJF	A	0.05%
XYL	D	0.05%
ON	F	0.05%
ESS	A	0.04%
LYV	A	0.04%
PFG	C	0.04%
MKC	D	0.04%
ARE	F	0.04%
NRG	B	0.04%
COO	D	0.04%
CMS	C	0.04%
DRI	C	0.04%
OMC	C	0.04%
HOOD	A	0.04%
LH	B	0.04%
ZBRA	B	0.04%
LII	A	0.04%
CLX	A	0.04%
INVH	D	0.04%
MDB	C	0.04%
TRU	D	0.04%
FSLR	F	0.04%
CSL	C	0.04%
CBOE	C	0.04%
NTRS	A	0.04%
CFG	B	0.04%
EXE	A	0.04%
MKL	A	0.04%
K	B	0.04%
BLDR	D	0.04%
ES	C	0.04%
PKG	B	0.04%
ZM	B	0.04%
STE	D	0.04%
ATO	A	0.04%
LYB	F	0.04%
WBD	B	0.04%
TDY	B	0.04%
WAT	C	0.04%
EXPE	B	0.04%
PTC	B	0.04%
CINF	A	0.04%
LPLA	A	0.04%
WST	D	0.04%
BAH	D	0.04%
RF	A	0.04%
IFF	D	0.04%
FE	C	0.04%
EME	A	0.04%
ILMN	C	0.04%
SBAC	D	0.04%
CCL	A	0.04%
PPL	A	0.04%
DVN	F	0.04%
POOL	D	0.03%
EVRG	A	0.03%
RNR	C	0.03%
ROL	B	0.03%
FFIV	B	0.03%
EWBC	A	0.03%
COHR	B	0.03%
SWKS	F	0.03%
CW	B	0.03%
SAIA	C	0.03%
UDR	C	0.03%
RGA	B	0.03%
AMCR	D	0.03%
EL	F	0.03%
LNT	A	0.03%
GGG	B	0.03%
L	A	0.03%
NDSN	D	0.03%
JBL	C	0.03%
ACM	B	0.03%
MRNA	F	0.03%
NTRA	A	0.03%
RVTY	D	0.03%
APTV	F	0.03%
CASY	A	0.03%
SUI	C	0.03%
USFD	A	0.03%
TW	A	0.03%
AVTR	F	0.03%
VRSN	F	0.03%
VTRS	A	0.03%
DT	C	0.03%
THC	C	0.03%
ENTG	F	0.03%
JBHT	C	0.03%
FNF	A	0.03%
EG	D	0.03%
MRO	A	0.03%
TWLO	A	0.03%
DOCU	B	0.03%
DPZ	C	0.03%
GEN	B	0.03%
SSNC	C	0.03%
TOL	B	0.03%
GWRE	A	0.03%
NI	A	0.03%
DOC	D	0.03%
FIX	A	0.03%
PSTG	F	0.03%
TXT	D	0.03%
HEI	A	0.03%
OC	A	0.03%
KIM	A	0.03%
ALGN	D	0.03%
WSM	D	0.03%
TSN	B	0.03%
BURL	A	0.03%
FWONK	B	0.03%
EXPD	D	0.03%
DG	F	0.03%
TOST	A	0.03%
NTNX	B	0.03%
GPC	F	0.03%
PNR	B	0.03%
MANH	D	0.03%
TER	F	0.03%
IEX	B	0.03%
KEY	B	0.03%
DGX	A	0.03%
XPO	B	0.03%
PINS	F	0.03%
MAS	D	0.03%
WRB	B	0.03%
IBKR	A	0.03%
TRMB	B	0.03%
UTHR	C	0.03%
ZS	B	0.03%
HOLX	D	0.03%
FDS	B	0.03%
CTRA	B	0.03%
DKNG	B	0.03%
WSO	A	0.03%
J	D	0.03%
ULTA	F	0.03%
BALL	D	0.03%
RS	B	0.03%
SNA	B	0.03%
MAA	A	0.03%
PODD	B	0.03%
LUV	B	0.03%
CNP	A	0.03%
BBY	D	0.03%
VOYA	B	0.02%
OLED	F	0.02%
FYBR	C	0.02%
G	B	0.02%
CHE	F	0.02%
CNM	C	0.02%
EGP	D	0.02%
AR	B	0.02%
APG	C	0.02%
CR	A	0.02%
PEN	B	0.02%
ZION	B	0.02%
ONTO	F	0.02%
WYNN	D	0.02%
RIVN	F	0.02%
GPK	D	0.02%
RL	C	0.02%
OGE	A	0.02%
CZR	F	0.02%
TTC	F	0.02%
ENPH	F	0.02%
HSIC	C	0.02%
BRX	A	0.02%
HRL	D	0.02%
MOS	D	0.02%
CPB	D	0.02%
MTZ	A	0.02%
HAS	D	0.02%
RBC	A	0.02%
WCC	B	0.02%
GMED	A	0.02%
AXTA	B	0.02%
AOS	F	0.02%
AAL	B	0.02%
ORI	A	0.02%
NYT	D	0.02%
MEDP	D	0.02%
X	C	0.02%
BRBR	A	0.02%
CE	F	0.02%
KNX	B	0.02%
PCTY	B	0.02%
LNW	F	0.02%
TPX	B	0.02%
CNH	C	0.02%
TFX	F	0.02%
GME	C	0.02%
CMA	B	0.02%
DCI	B	0.02%
PNFP	B	0.02%
FRT	B	0.02%
ITCI	B	0.02%
MORN	B	0.02%
ROKU	D	0.02%
EXAS	D	0.02%
AAON	B	0.02%
TKO	A	0.02%
SNX	D	0.02%
WMS	F	0.02%
WAL	B	0.02%
AES	F	0.02%
GLOB	C	0.02%
HLI	B	0.02%
GL	C	0.02%
MUSA	B	0.02%
FBIN	F	0.02%
DTM	A	0.02%
KBR	F	0.02%
RGLD	C	0.02%
PR	B	0.02%
WBS	A	0.02%
KNSL	B	0.02%
AFG	A	0.02%
NLY	C	0.02%
SOLV	F	0.02%
WTRG	B	0.02%
LKQ	F	0.02%
CHDN	C	0.02%
EHC	B	0.02%
WING	D	0.02%
ALLY	C	0.02%
INGR	B	0.02%
OHI	B	0.02%
AYI	B	0.02%
PRI	A	0.02%
FOXA	B	0.02%
MKTX	D	0.02%
ARMK	C	0.02%
RPRX	F	0.02%
EXP	B	0.02%
LAD	B	0.02%
PNW	B	0.02%
EXEL	B	0.02%
ALSN	B	0.02%
TAP	B	0.02%
FND	F	0.02%
CIEN	B	0.02%
DOX	D	0.02%
LBRDK	C	0.02%
WWD	B	0.02%
AIZ	A	0.02%
CUBE	C	0.02%
CTLT	D	0.02%
CCK	D	0.02%
AFRM	A	0.02%
FHN	A	0.02%
CRL	D	0.02%
SRPT	F	0.02%
CAVA	C	0.02%
EVR	B	0.02%
AA	A	0.02%
GNRC	B	0.02%
IPG	F	0.02%
HEI	A	0.02%
SF	B	0.02%
CG	B	0.02%
OWL	A	0.02%
DKS	D	0.02%
OVV	C	0.02%
RRX	B	0.02%
BWXT	A	0.02%
ATR	B	0.02%
NCLH	B	0.02%
BLD	F	0.02%
Z	A	0.02%
ALB	B	0.02%
PAYC	B	0.02%
SJM	D	0.02%
LW	C	0.02%
LECO	C	0.02%
KMX	C	0.02%
TPR	B	0.02%
DUOL	A	0.02%
TECH	F	0.02%
BJ	B	0.02%
UHS	D	0.02%
EMN	D	0.02%
UNM	A	0.02%
SMCI	F	0.02%
DAY	B	0.02%
BG	D	0.02%
OKTA	D	0.02%
TTEK	F	0.02%
WPC	C	0.02%
DLTR	F	0.02%
CACI	C	0.02%
JEF	A	0.02%
AMH	C	0.02%
NBIX	C	0.02%
SCI	A	0.02%
CHRW	B	0.02%
ALLE	D	0.02%
FTI	A	0.02%
BMRN	F	0.02%
JNPR	D	0.02%
ITT	A	0.02%
NVT	C	0.02%
HST	D	0.02%
CPT	C	0.02%
GLPI	C	0.02%
JLL	D	0.02%
BXP	D	0.02%
EPAM	C	0.02%
TXRH	B	0.02%
ELS	B	0.02%
JKHY	D	0.02%
PFGC	B	0.02%
INCY	C	0.02%
SOFI	A	0.02%
AKAM	F	0.02%
CLH	C	0.02%
REG	A	0.02%
HHH	B	0.01%
COTY	F	0.01%
PAG	B	0.01%
LLYVK	A	0.01%
SAM	C	0.01%
MPW	F	0.01%
VIRT	A	0.01%
COLM	B	0.01%
CC	D	0.01%
NSA	C	0.01%
TDC	D	0.01%
MAN	F	0.01%
PK	D	0.01%
AMED	F	0.01%
WU	F	0.01%
AMKR	F	0.01%
APLS	F	0.01%
SMG	C	0.01%
PENN	C	0.01%
ECG	C	0.01%
RNG	C	0.01%
BHF	C	0.01%
YETI	D	0.01%
EPR	D	0.01%
LBTYA	F	0.01%
ZG	A	0.01%
NVST	C	0.01%
HUN	F	0.01%
VAC	C	0.01%
WEN	C	0.01%
FHB	B	0.01%
PII	F	0.01%
NCNO	B	0.01%
LBTYK	A	0.01%
XRAY	D	0.01%
PRGO	C	0.01%
TNL	B	0.01%
SPR	D	0.01%
IRDM	F	0.01%
HIW	D	0.01%
ACHC	F	0.01%
MDU	D	0.01%
ZI	D	0.01%
W	D	0.01%
NWS	A	0.01%
DNB	B	0.01%
NEU	D	0.01%
DXC	D	0.01%
NWL	B	0.01%
IAC	D	0.01%
FLO	D	0.01%
PEGA	B	0.01%
ASH	F	0.01%
CHH	A	0.01%
HOG	F	0.01%
LINE	F	0.01%
MSM	D	0.01%
AMTM	F	0.01%
AN	D	0.01%
M	D	0.01%
OGN	F	0.01%
KMPR	A	0.01%
GAP	D	0.01%
SLGN	A	0.01%
WLK	F	0.01%
MSGS	B	0.01%
DLB	F	0.01%
GTES	A	0.01%
RARE	F	0.01%
GFS	C	0.01%
AGO	A	0.01%
EEFT	C	0.01%
RYN	D	0.01%
FIVE	F	0.01%
TKR	F	0.01%
WTM	A	0.01%
KRC	C	0.01%
HCP	B	0.01%
AL	B	0.01%
CUZ	B	0.01%
RH	D	0.01%
OZK	B	0.01%
UGI	C	0.01%
APPF	C	0.01%
BYD	B	0.01%
ST	F	0.01%
LOPE	B	0.01%
ROIV	D	0.01%
OLN	F	0.01%
CCCS	B	0.01%
CELH	F	0.01%
SON	F	0.01%
PSN	C	0.01%
HXL	F	0.01%
BROS	A	0.01%
SLM	B	0.01%
AM	A	0.01%
SEE	D	0.01%
AVT	C	0.01%
NFG	A	0.01%
CIVI	D	0.01%
LEA	F	0.01%
NXST	C	0.01%
FOX	A	0.01%
RITM	D	0.01%
VNOM	A	0.01%
TPG	A	0.01%
VVV	D	0.01%
POST	C	0.01%
CRUS	F	0.01%
THO	C	0.01%
IDA	A	0.01%
JHG	B	0.01%
LITE	B	0.01%
THG	A	0.01%
INSP	F	0.01%
AGCO	F	0.01%
FNB	B	0.01%
PATH	C	0.01%
BC	D	0.01%
WHR	B	0.01%
STWD	C	0.01%
AMG	C	0.01%
PVH	C	0.01%
BEN	C	0.01%
U	F	0.01%
CLF	F	0.01%
IONS	F	0.01%
CROX	F	0.01%
LNC	B	0.01%
LFUS	D	0.01%
ETSY	D	0.01%
VNT	C	0.01%
OLLI	D	0.01%
LYFT	C	0.01%
MTG	D	0.01%
COLB	B	0.01%
WFRD	F	0.01%
BRKR	F	0.01%
KD	A	0.01%
ELF	C	0.01%
LAZ	B	0.01%
OMF	A	0.01%
CFLT	B	0.01%
ARW	F	0.01%
DAR	B	0.01%
PARA	D	0.01%
ESI	B	0.01%
FOUR	A	0.01%
AXS	A	0.01%
ALK	A	0.01%
COLD	F	0.01%
WBA	F	0.01%
NOV	D	0.01%
AZPN	A	0.01%
DBX	C	0.01%
FAF	C	0.01%
BPOP	C	0.01%
MSA	D	0.01%
SIRI	D	0.01%
AWI	B	0.01%
BFAM	F	0.01%
MAT	D	0.01%
IVZ	C	0.01%
MTDR	C	0.01%
VMI	B	0.01%
HR	C	0.01%
DINO	D	0.01%
UHAL	D	0.01%
QRVO	F	0.01%
AZEK	B	0.01%
BSY	D	0.01%
MTN	C	0.01%
LSTR	D	0.01%
BBWI	C	0.01%
H	B	0.01%
ELAN	D	0.01%
SN	D	0.01%
R	B	0.01%
SITE	D	0.01%
STAG	D	0.01%
GXO	B	0.01%
MASI	B	0.01%
GNTX	F	0.01%
ESTC	C	0.01%
FR	C	0.01%
BIO	C	0.01%
LPX	B	0.01%
AGNC	C	0.01%
GTLB	B	0.01%
DOCS	C	0.01%
ATI	C	0.01%
VKTX	F	0.01%
FCN	F	0.01%
OSK	C	0.01%
RLI	A	0.01%
WH	B	0.01%
FRPT	A	0.01%
PB	A	0.01%
WSC	F	0.01%
RYAN	B	0.01%
CGNX	D	0.01%
FMC	D	0.01%
VFC	C	0.01%
PCOR	C	0.01%
MIDD	D	0.01%
ESAB	C	0.01%
LSCC	D	0.01%
KEX	B	0.01%
COKE	C	0.01%
ADC	A	0.01%
DVA	C	0.01%
SMAR	A	0.01%
S	B	0.01%
MHK	D	0.01%
MTSI	B	0.01%
MKSI	C	0.01%
JAZZ	C	0.01%
RRC	B	0.01%
WEX	F	0.01%
RHI	C	0.01%
BERY	D	0.01%
HII	F	0.01%
MTCH	F	0.01%
BWA	D	0.01%
SAIC	F	0.01%
BILL	B	0.01%
RGEN	F	0.01%
NNN	C	0.01%
FLS	A	0.01%
APA	F	0.01%
TREX	D	0.01%
ACI	C	0.01%
SSD	D	0.01%
SKX	F	0.01%
SNV	B	0.01%
VNO	C	0.01%
CFR	B	0.01%
SEIC	B	0.01%
CHRD	F	0.01%
WTFC	B	0.01%
CART	C	0.01%
HRB	D	0.01%
PLNT	A	0.01%
CBSH	A	0.01%
PLTK	B	0.0%
SEG	B	0.0%
PARAA	C	0.0%
GRAL	C	0.0%
SEB	F	0.0%
NFE	F	0.0%
UWMC	D	0.0%
UHAL	D	0.0%
TFSL	A	0.0%
CWEN	C	0.0%
LOAR	B	0.0%
AS	A	0.0%
LLYVA	A	0.0%
PYCR	C	0.0%
CNA	C	0.0%
WOLF	F	0.0%
DDS	B	0.0%
CERT	F	0.0%
UI	A	0.0%
REYN	D	0.0%
SNDR	B	0.0%
INFA	D	0.0%
LBRDA	C	0.0%
TRIP	F	0.0%
GO	C	0.0%
CAR	C	0.0%
LEG	F	0.0%
TXG	F	0.0%
UA	C	0.0%
QS	D	0.0%
BIRK	D	0.0%
DJT	C	0.0%
CRI	F	0.0%
CLVT	D	0.0%
CNXC	F	0.0%
FWONA	B	0.0%
UAA	C	0.0%
KSS	F	0.0%
VSTS	F	0.0%
PPC	B	0.0%
FTRE	D	0.0%
RCM	A	0.0%
ALAB	B	0.0%
LCID	F	0.0%
RKT	F	0.0%
HAYW	B	0.0%
AAP	D	0.0%
CWEN	C	0.0%
QDEL	F	0.0%
CPRI	F	0.0%
PINC	B	0.0%
ADT	B	0.0%
SHC	F	0.0%
AZTA	F	0.0%
SPB	C	0.0%
JWN	C	0.0%
IPGP	D	0.0%
AGR	A	0.0%
ENOV	C	0.0%
MP	C	0.0%
BOKF	B	0.0%
FIVN	C	0.0%
DV	C	0.0%
ALGM	F	0.0%
CXT	C	0.0%
CACC	F	0.0%

IWB Underweight 5 Positions Relative to TVAL

Symbol	Grade	Weight
TTE	F	-0.7%
AZN	F	-0.47%
TSM	B	-0.39%
BHP	F	-0.2%
SNY	F	-0.19%