IWB vs. VCEB ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	IWB	VCEB
30 Days	3.82%	-0.25%
60 Days	5.33%	-2.76%
90 Days	7.10%	-1.73%
12 Months	33.41%	7.45%

228 Overlapping Holdings

	Symbol	Grade	Weight in IWB	Weight in VCEB	Overlap
	A	D	0.07%	0.02%	0.02%
	AAPL	C	6.04%	0.01%	0.01%
	ABBV	D	0.54%	0.03%	0.03%
	ABT	B	0.37%	0.03%	0.03%
	ACGL	D	0.07%	0.03%	0.03%
	ADBE	C	0.41%	0.01%	0.01%
	ADI	D	0.19%	0.01%	0.01%
	ADM	D	0.05%	0.02%	0.02%
	ADP	B	0.23%	0.03%	0.03%
	AFL	B	0.11%	0.05%	0.05%
	AIG	B	0.09%	0.01%	0.01%
	AJG	B	0.12%	0.02%	0.02%
	AL	B	0.01%	0.01%	0.01%
	ALLY	C	0.02%	0.03%	0.02%
	AMAT	F	0.26%	0.01%	0.01%
	AMGN	D	0.28%	0.01%	0.01%
	AMP	A	0.1%	0.03%	0.03%
	AMT	D	0.17%	0.01%	0.01%
	AMZN	C	3.48%	0.01%	0.01%
	AON	A	0.14%	0.01%	0.01%
	APD	A	0.13%	0.02%	0.02%
	APH	A	0.15%	0.02%	0.02%
	ARE	D	0.03%	0.01%	0.01%
	AVGO	D	1.38%	0.02%	0.02%
	AWK	D	0.05%	0.02%	0.02%
	AXP	A	0.3%	0.01%	0.01%
	AZO	C	0.1%	0.04%	0.04%
	BAC	A	0.59%	0.02%	0.02%
	BAX	D	0.03%	0.02%	0.02%
	BDX	F	0.12%	0.03%	0.03%
	BEN	C	0.01%	0.02%	0.01%
	BERY	B	0.01%	0.01%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BHF	B	0.01%	0.03%	0.01%
	BIIB	F	0.04%	0.01%	0.01%
	BK	A	0.11%	0.01%	0.01%
	BKNG	A	0.31%	0.02%	0.02%
	BLK	C	0.29%	0.02%	0.02%
	BMY	B	0.21%	0.03%	0.03%
	BR	A	0.05%	0.02%	0.02%
	BRX	A	0.02%	0.01%	0.01%
	BSX	B	0.24%	0.01%	0.01%
	BWA	D	0.01%	0.03%	0.01%
	BXP	D	0.02%	0.01%	0.01%
	C	A	0.24%	0.01%	0.01%
	CAG	D	0.02%	0.01%	0.01%
	CAH	B	0.05%	0.02%	0.02%
	CARR	D	0.12%	0.02%	0.02%
	CAT	B	0.35%	0.01%	0.01%
	CB	C	0.22%	0.01%	0.01%
	CCI	D	0.08%	0.01%	0.01%
	CF	B	0.03%	0.02%	0.02%
	CFG	B	0.04%	0.03%	0.03%
	CHTR	C	0.07%	0.02%	0.02%
	CI	F	0.17%	0.01%	0.01%
	CMA	A	0.02%	0.03%	0.02%
	CMCSA	B	0.3%	0.01%	0.01%
	CME	A	0.15%	0.02%	0.02%
	CMI	A	0.09%	0.02%	0.02%
	COF	B	0.13%	0.01%	0.01%
	CPB	D	0.02%	0.02%	0.02%
	CPT	B	0.02%	0.04%	0.02%
	CRM	B	0.56%	0.02%	0.02%
	CSCO	B	0.43%	0.02%	0.02%
	CSL	C	0.04%	0.02%	0.02%
	CTAS	B	0.14%	0.04%	0.04%
	CVS	D	0.12%	0.01%	0.01%
	DD	D	0.06%	0.06%	0.06%
	DE	A	0.19%	0.02%	0.02%
	DELL	C	0.07%	0.01%	0.01%
	DFS	B	0.08%	0.01%	0.01%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHR	F	0.27%	0.01%	0.01%
	DIS	B	0.39%	0.01%	0.01%
	DLR	B	0.11%	0.01%	0.01%
	DLTR	F	0.02%	0.02%	0.02%
	DOC	D	0.03%	0.03%	0.03%
	DOW	F	0.06%	0.01%	0.01%
	DT	C	0.03%	0.19%	0.03%
	EA	A	0.08%	0.01%	0.01%
	EBAY	D	0.06%	0.01%	0.01%
	EFX	F	0.06%	0.02%	0.02%
	EG	C	0.03%	0.03%	0.03%
	EMN	D	0.02%	0.02%	0.02%
	EQH	B	0.03%	0.05%	0.03%
	EQIX	A	0.16%	0.03%	0.03%
	EQR	B	0.05%	0.03%	0.03%
	ETN	A	0.26%	0.03%	0.03%
	EXP	A	0.02%	0.01%	0.01%
	EXPE	B	0.04%	0.04%	0.04%
	FDX	B	0.12%	0.01%	0.01%
	FIS	C	0.09%	0.01%	0.01%
	FITB	A	0.06%	0.02%	0.02%
	FOXA	B	0.02%	0.01%	0.01%
	FTV	C	0.05%	0.03%	0.03%
	GILD	C	0.2%	0.01%	0.01%
	GIS	D	0.07%	0.03%	0.03%
	GLPI	C	0.02%	0.01%	0.01%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.12%	0.01%	0.01%
	GOOGL	C	1.87%	0.02%	0.02%
	GPN	B	0.06%	0.01%	0.01%
	GS	A	0.35%	0.01%	0.01%
	GWW	B	0.09%	0.04%	0.04%
	HAS	D	0.02%	0.03%	0.02%
	HBAN	A	0.05%	0.02%	0.02%
	HCA	F	0.12%	0.02%	0.02%
	HD	A	0.75%	0.01%	0.01%
	HIG	B	0.06%	0.02%	0.02%
	HPE	B	0.05%	0.01%	0.01%
	HPQ	B	0.07%	0.01%	0.01%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HUM	C	0.06%	0.01%	0.01%
	HUN	F	0.01%	0.02%	0.01%
	IBM	C	0.35%	0.02%	0.02%
	ICE	C	0.16%	0.01%	0.01%
	IFF	D	0.04%	0.03%	0.03%
	INTC	D	0.19%	0.01%	0.01%
	ITW	B	0.15%	0.03%	0.03%
	JNJ	D	0.69%	0.01%	0.01%
	JPM	A	1.3%	0.01%	0.01%
	K	A	0.04%	0.03%	0.03%
	KDP	D	0.07%	0.01%	0.01%
	KEY	B	0.03%	0.01%	0.01%
	KLAC	D	0.15%	0.01%	0.01%
	KMB	D	0.08%	0.04%	0.04%
	KO	D	0.44%	0.01%	0.01%
	LEA	D	0.01%	0.02%	0.01%
	LEN	D	0.0%	0.04%	0.0%
	LEN	D	0.07%	0.04%	0.04%
	LH	C	0.04%	0.03%	0.03%
	LLY	F	1.1%	0.03%	0.03%
	LOW	D	0.28%	0.01%	0.01%
	LRCX	F	0.17%	0.01%	0.01%
	LUV	C	0.04%	0.01%	0.01%
	MA	C	0.8%	0.03%	0.03%
	MAR	B	0.12%	0.01%	0.01%
	MCD	D	0.39%	0.01%	0.01%
	MCHP	D	0.06%	0.04%	0.04%
	MCK	B	0.15%	0.02%	0.02%
	MDLZ	F	0.16%	0.01%	0.01%
	MDT	D	0.21%	0.05%	0.05%
	MET	A	0.09%	0.01%	0.01%
	MKC	D	0.03%	0.02%	0.02%
	MLM	B	0.07%	0.02%	0.02%
	MMC	B	0.2%	0.04%	0.04%
	MMM	D	0.13%	0.01%	0.01%
	MOS	F	0.02%	0.06%	0.02%
	MRK	F	0.45%	0.01%	0.01%
	MRVL	B	0.14%	0.01%	0.01%
	MS	A	0.29%	0.01%	0.01%
	MSFT	F	5.7%	0.01%	0.01%
	MSI	B	0.15%	0.01%	0.01%
	MTB	A	0.07%	0.07%	0.07%
	MU	D	0.2%	0.03%	0.03%
	NEM	D	0.09%	0.02%	0.02%
	NKE	D	0.17%	0.01%	0.01%
	NOW	A	0.38%	0.04%	0.04%
	NTAP	C	0.04%	0.02%	0.02%
	NTRS	A	0.04%	0.03%	0.03%
	NVDA	C	6.14%	0.01%	0.01%
	NVR	D	0.05%	0.03%	0.03%
	O	D	0.09%	0.02%	0.02%
	OMC	C	0.03%	0.02%	0.02%
	ORCL	B	0.53%	0.02%	0.02%
	ORLY	B	0.13%	0.03%	0.03%
	OTIS	C	0.07%	0.04%	0.04%
	PEP	F	0.4%	0.01%	0.01%
	PFE	D	0.26%	0.01%	0.01%
	PG	A	0.74%	0.01%	0.01%
	PGR	A	0.28%	0.05%	0.05%
	PH	A	0.17%	0.01%	0.01%
	PLD	D	0.19%	0.01%	0.01%
	PNC	B	0.15%	0.01%	0.01%
	PPG	F	0.05%	0.03%	0.03%
	PRU	A	0.08%	0.01%	0.01%
	PWR	A	0.09%	0.03%	0.03%
	PYPL	B	0.16%	0.01%	0.01%
	QCOM	F	0.33%	0.01%	0.01%
	QRVO	F	0.01%	0.02%	0.01%
	REGN	F	0.15%	0.02%	0.02%
	RF	A	0.04%	0.03%	0.03%
	RJF	A	0.06%	0.02%	0.02%
	RL	B	0.02%	0.02%	0.02%
	ROP	B	0.11%	0.03%	0.03%
	RPRX	D	0.02%	0.01%	0.01%
	RSG	A	0.08%	0.01%	0.01%
	SBUX	A	0.21%	0.02%	0.02%
	SCHW	B	0.22%	0.01%	0.01%
	SHW	A	0.16%	0.02%	0.02%
	SJM	D	0.02%	0.03%	0.02%
	SPG	B	0.11%	0.01%	0.01%
	STT	A	0.05%	0.01%	0.01%
	SWK	D	0.02%	0.02%	0.02%
	SYF	B	0.05%	0.03%	0.03%
	SYK	C	0.26%	0.01%	0.01%
	SYY	B	0.07%	0.01%	0.01%
	T	A	0.3%	0.01%	0.01%
	TFC	A	0.11%	0.01%	0.01%
	TGT	F	0.13%	0.01%	0.01%
	TJX	A	0.25%	0.07%	0.07%
	TMO	F	0.36%	0.01%	0.01%
	TMUS	B	0.21%	0.01%	0.01%
	TRV	B	0.11%	0.02%	0.02%
	TSN	B	0.03%	0.01%	0.01%
	TT	A	0.17%	0.02%	0.02%
	TXN	C	0.34%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	UNH	C	1.01%	0.01%	0.01%
	UPS	C	0.18%	0.01%	0.01%
	USB	A	0.14%	0.01%	0.01%
	V	A	0.9%	0.02%	0.02%
	VFC	C	0.01%	0.02%	0.01%
	VMC	B	0.07%	0.02%	0.02%
	VRSK	A	0.07%	0.04%	0.04%
	VRSN	F	0.03%	0.03%	0.03%
	VTR	C	0.05%	0.02%	0.02%
	VTRS	A	0.03%	0.01%	0.01%
	VZ	C	0.32%	0.02%	0.02%
	WAB	B	0.06%	0.03%	0.03%
	WBA	F	0.01%	0.02%	0.01%
	WELL	A	0.15%	0.01%	0.01%
	WM	A	0.16%	0.01%	0.01%
	XRAY	F	0.01%	0.02%	0.01%
	ZBH	C	0.04%	0.03%	0.03%
	ZTS	D	0.15%	0.01%	0.01%

IWB Overweight 772 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	D	2.24%
	TSLA	B	1.65%
	BRK.A	B	1.59%
	GOOG	C	1.58%
	XOM	B	0.99%
	COST	B	0.74%
	WMT	A	0.68%
	NFLX	A	0.65%
	CVX	A	0.51%
	WFC	A	0.48%
	ACN	C	0.41%
	LIN	D	0.4%
	AMD	F	0.4%
	PM	B	0.37%
	GE	D	0.36%
	INTU	C	0.35%
	ISRG	A	0.34%
	NEE	D	0.29%
	SPGI	C	0.29%
	RTX	C	0.29%
	HON	B	0.28%
	UNP	C	0.27%
	UBER	D	0.27%
	BX	A	0.24%
	COP	C	0.24%
	PLTR	B	0.24%
	PANW	C	0.22%
	VRTX	F	0.22%
	FI	A	0.22%
	LMT	D	0.21%
	KKR	A	0.19%
	MO	A	0.18%
	SO	D	0.18%
	BA	F	0.18%
	ANET	C	0.18%
	GEV	B	0.17%
	ELV	F	0.17%
	APO	B	0.16%
	DUK	C	0.16%
	CDNS	B	0.15%
	SNPS	B	0.15%
	CMG	B	0.15%
	MCO	B	0.14%
	APP	B	0.14%
	CL	D	0.14%
	CRWD	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%
	CEG	D	0.13%
	EMR	A	0.13%
	OKE	A	0.12%
	ADSK	A	0.12%
	CRH	A	0.12%
	PCAR	B	0.11%
	ABNB	C	0.11%
	SRE	A	0.11%
	DASH	A	0.11%
	NSC	B	0.11%
	FTNT	C	0.11%
	COIN	C	0.11%
	HLT	A	0.11%
	ECL	D	0.11%
	FCX	D	0.11%
	SLB	C	0.11%
	ALL	A	0.1%
	TTD	B	0.1%
	KMI	A	0.1%
	PSA	D	0.1%
	MSTR	C	0.1%
	FICO	B	0.1%
	WDAY	B	0.1%
	RCL	A	0.1%
	PSX	C	0.1%
	MPC	D	0.1%
	URI	B	0.1%
	JCI	C	0.1%
	ROST	C	0.09%
	LHX	C	0.09%
	FAST	B	0.09%
	SQ	B	0.09%
	DHI	D	0.09%
	D	C	0.09%
	LNG	B	0.09%
	VST	B	0.09%
	CPRT	A	0.09%
	AEP	D	0.09%
	HES	B	0.08%
	IR	B	0.08%
	DAL	C	0.08%
	ODFL	B	0.08%
	TRGP	B	0.08%
	BKR	B	0.08%
	AXON	A	0.08%
	F	C	0.08%
	VRT	B	0.08%
	PEG	A	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	VLO	C	0.08%
	HWM	A	0.08%
	KVUE	A	0.08%
	MSCI	C	0.08%
	PAYX	C	0.08%
	GEHC	F	0.07%
	MNST	C	0.07%
	YUM	B	0.07%
	DDOG	A	0.07%
	STZ	D	0.07%
	TEAM	A	0.07%
	CTSH	B	0.07%
	KR	B	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%
	COR	B	0.07%
	CBRE	B	0.07%
	FERG	B	0.07%
	EW	C	0.07%
	CNC	D	0.06%
	DXCM	D	0.06%
	ARES	A	0.06%
	TTWO	A	0.06%
	WEC	A	0.06%
	VEEV	C	0.06%
	ETR	B	0.06%
	EIX	B	0.06%
	WTW	B	0.06%
	GRMN	B	0.06%
	NDAQ	A	0.06%
	AVB	B	0.06%
	ROK	B	0.06%
	HUBS	A	0.06%
	VICI	C	0.06%
	OXY	D	0.06%
	FANG	D	0.06%
	IRM	D	0.06%
	ED	D	0.06%
	RMD	C	0.06%
	EXR	D	0.06%
	IQV	D	0.06%
	IDXX	F	0.06%
	NUE	C	0.06%
	CCL	B	0.05%
	CPAY	A	0.05%
	PPL	B	0.05%
	HSY	F	0.05%
	DTE	C	0.05%
	MTD	D	0.05%
	EQT	B	0.05%
	TYL	B	0.05%
	VLTO	D	0.05%
	TPL	A	0.05%
	RBLX	C	0.05%
	GDDY	A	0.05%
	TROW	B	0.05%
	HAL	C	0.05%
	CVNA	B	0.05%
	KEYS	A	0.05%
	BRO	B	0.05%
	FCNCA	A	0.05%
	PHM	D	0.05%
	CHD	B	0.05%
	DECK	A	0.05%
	SW	A	0.05%
	MPWR	F	0.05%
	NET	B	0.05%
	DOV	A	0.05%
	KHC	F	0.05%
	ON	D	0.05%
	CPNG	D	0.05%
	CSGP	D	0.05%
	ANSS	B	0.05%
	XYL	D	0.05%
	TSCO	D	0.05%
	ALNY	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%
	ZBRA	B	0.04%
	LII	A	0.04%
	MDB	C	0.04%
	PFG	D	0.04%
	BBY	D	0.04%
	DRI	B	0.04%
	IP	B	0.04%
	FSLR	F	0.04%
	CMS	C	0.04%
	LYV	A	0.04%
	INVH	D	0.04%
	WDC	D	0.04%
	STLD	B	0.04%
	CLX	B	0.04%
	PKG	A	0.04%
	BLDR	D	0.04%
	WAT	B	0.04%
	CBOE	B	0.04%
	HOOD	B	0.04%
	ZM	B	0.04%
	LYB	F	0.04%
	EXE	B	0.04%
	ILMN	D	0.04%
	LDOS	C	0.04%
	ES	D	0.04%
	TDY	B	0.04%
	STE	F	0.04%
	MKL	A	0.04%
	ATO	A	0.04%
	WBD	C	0.04%
	WY	D	0.04%
	PTC	A	0.04%
	WST	C	0.04%
	EME	C	0.04%
	LPLA	A	0.04%
	CINF	A	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	B	0.03%
	ROL	B	0.03%
	FFIV	B	0.03%
	SOFI	A	0.03%
	SAIA	B	0.03%
	AVTR	F	0.03%
	JBL	B	0.03%
	EVRG	A	0.03%
	APTV	D	0.03%
	EWBC	A	0.03%
	NDSN	B	0.03%
	ACM	A	0.03%
	UDR	B	0.03%
	ENTG	D	0.03%
	THC	D	0.03%
	AMCR	D	0.03%
	EL	F	0.03%
	PSTG	D	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%
	RGA	A	0.03%
	SUI	D	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%
	DOCU	A	0.03%
	MRO	B	0.03%
	TER	D	0.03%
	GEN	B	0.03%
	NI	A	0.03%
	KIM	A	0.03%
	NTRA	B	0.03%
	WSM	B	0.03%
	MANH	D	0.03%
	OC	A	0.03%
	TWLO	A	0.03%
	ALGN	D	0.03%
	FWONK	B	0.03%
	XPO	B	0.03%
	HEI	B	0.03%
	EXPD	D	0.03%
	NTNX	A	0.03%
	BURL	A	0.03%
	PINS	D	0.03%
	MOH	F	0.03%
	LVS	C	0.03%
	GPC	D	0.03%
	MAS	D	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	RPM	A	0.03%
	ULTA	F	0.03%
	J	F	0.03%
	PNR	A	0.03%
	WRB	A	0.03%
	RS	B	0.03%
	HOLX	D	0.03%
	WSO	A	0.03%
	DKNG	B	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	TOST	B	0.03%
	ZS	C	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%
	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%
	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%
	PCTY	B	0.02%
	SNX	C	0.02%
	MGM	D	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%
	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%
	SMCI	F	0.02%
	DCI	B	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%
	ARMK	B	0.02%
	OHI	C	0.02%
	EXEL	B	0.02%
	AES	F	0.02%
	MUSA	A	0.02%
	AFG	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%
	IPG	D	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%
	TAP	C	0.02%
	ATR	B	0.02%
	CG	A	0.02%
	BLD	D	0.02%
	LW	C	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%
	NBIX	C	0.02%
	OVV	B	0.02%
	BWXT	B	0.02%
	OKTA	C	0.02%
	JNPR	F	0.02%
	BMRN	D	0.02%
	MRNA	F	0.02%
	HEI	B	0.02%
	NVT	B	0.02%
	INCY	C	0.02%
	ALB	C	0.02%
	SCI	B	0.02%
	WPC	D	0.02%
	ALLE	D	0.02%
	FTI	A	0.02%
	KMX	B	0.02%
	COHR	B	0.02%
	JLL	D	0.02%
	ITT	A	0.02%
	UNM	A	0.02%
	AMH	D	0.02%
	CHRW	C	0.02%
	JKHY	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%
	AKAM	D	0.02%
	TXRH	C	0.02%
	AFRM	B	0.02%
	POOL	C	0.02%
	SWKS	F	0.02%
	RNR	C	0.02%
	RVTY	F	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%
	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%
	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%
	CELH	F	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%
	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%
	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%
	FOX	A	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%
	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%
	BSY	D	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%
	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%
	NNN	D	0.01%
	ACI	C	0.01%
	RRC	B	0.01%
	ENPH	F	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%
	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 18 Positions Relative to VCEB

	Symbol	Grade	Weight
	WEST	C	-0.06%
	STLA	F	-0.04%
	VOD	F	-0.03%
	BABA	D	-0.02%
	DB	D	-0.02%
	HSBC	B	-0.02%
	GSK	F	-0.02%
	AZN	D	-0.02%
	WB	D	-0.01%
	NXPI	D	-0.01%
	BMO	A	-0.01%
	CM	A	-0.01%
	AER	B	-0.01%
	BNS	A	-0.01%
	TD	F	-0.01%
	NWG	C	-0.01%
	MUFG	B	-0.01%
	RY	A	-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

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Packaged Foods Business Services Credit Services Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics