IWD vs. CDEI ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$193.26

Average Daily Volume

1,589,460

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.87

Average Daily Volume

635

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	IWD	CDEI
30 Days	-0.20%	0.02%
60 Days	3.00%	3.27%
90 Days	5.65%	4.10%
12 Months	26.99%	24.38%

295 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in CDEI	Overlap
	A	F	0.15%	0.11%	0.11%
	ABBV	F	0.65%	0.91%	0.65%
	ABT	A	0.78%	0.6%	0.6%
	ACGL	D	0.14%	0.11%	0.11%
	ACM	B	0.06%	0.04%	0.04%
	ACN	C	0.86%	0.69%	0.69%
	ADI	D	0.4%	0.32%	0.32%
	ADP	B	0.03%	0.37%	0.03%
	AES	F	0.04%	0.03%	0.03%
	AFG	A	0.04%	0.03%	0.03%
	AGR	A	0.01%	0.01%	0.01%
	AIG	C	0.19%	0.15%	0.15%
	AKAM	F	0.05%	0.04%	0.04%
	ALGN	D	0.03%	0.05%	0.03%
	ALK	A	0.03%	0.02%	0.02%
	ALL	A	0.17%	0.16%	0.16%
	ALLE	D	0.05%	0.04%	0.04%
	ALNY	D	0.01%	0.1%	0.01%
	AMCR	D	0.06%	0.04%	0.04%
	AMD	F	0.29%	0.68%	0.29%
	AMGN	D	0.13%	0.48%	0.13%
	AMP	A	0.02%	0.17%	0.02%
	ANSS	B	0.11%	0.09%	0.09%
	AON	B	0.29%	0.24%	0.24%
	APH	B	0.14%	0.26%	0.14%
	APTV	F	0.06%	0.04%	0.04%
	ASH	F	0.01%	0.01%	0.01%
	ATI	C	0.03%	0.02%	0.02%
	AVTR	F	0.05%	0.04%	0.04%
	AWI	B	0.02%	0.02%	0.02%
	AWK	C	0.1%	0.08%	0.08%
	AXP	B	0.39%	0.5%	0.39%
	AZEK	B	0.01%	0.02%	0.01%
	BAC	A	1.23%	0.94%	0.94%
	BAX	F	0.06%	0.05%	0.05%
	BBWI	C	0.03%	0.02%	0.02%
	BBY	D	0.08%	0.06%	0.06%
	BC	D	0.02%	0.02%	0.02%
	BDX	F	0.25%	0.2%	0.2%
	BIIB	F	0.09%	0.07%	0.07%
	BILL	B	0.03%	0.03%	0.03%
	BIO	C	0.02%	0.02%	0.02%
	BK	B	0.22%	0.17%	0.17%
	BKNG	A	0.04%	0.51%	0.04%
	BKR	B	0.17%	0.13%	0.13%
	BLD	F	0.04%	0.03%	0.03%
	BMY	A	0.44%	0.36%	0.36%
	BR	B	0.01%	0.08%	0.01%
	BRX	A	0.03%	0.03%	0.03%
	BSX	A	0.5%	0.39%	0.39%
	BWA	D	0.03%	0.02%	0.02%
	C	B	0.51%	0.39%	0.39%
	CAG	F	0.05%	0.04%	0.04%
	CARR	D	0.24%	0.19%	0.19%
	CASY	A	0.05%	0.04%	0.04%
	CBOE	C	0.08%	0.06%	0.06%
	CCI	C	0.18%	0.14%	0.14%
	CCK	D	0.04%	0.03%	0.03%
	CFG	B	0.08%	0.06%	0.06%
	CFR	B	0.03%	0.03%	0.03%
	CHH	A	0.0%	0.01%	0.0%
	CI	D	0.32%	0.27%	0.27%
	CIEN	B	0.04%	0.03%	0.03%
	CL	D	0.13%	0.23%	0.13%
	CLH	C	0.05%	0.04%	0.04%
	CMA	B	0.04%	0.03%	0.03%
	CMCSA	B	0.64%	0.51%	0.51%
	CME	A	0.32%	0.24%	0.24%
	CMI	A	0.19%	0.15%	0.15%
	CMS	C	0.08%	0.06%	0.06%
	CNC	F	0.12%	0.09%	0.09%
	COF	B	0.27%	0.21%	0.21%
	COLM	B	0.01%	0.01%	0.01%
	CPRT	B	0.01%	0.15%	0.01%
	CRM	B	0.18%	0.94%	0.18%
	CROX	F	0.02%	0.02%	0.02%
	CRUS	F	0.02%	0.02%	0.02%
	CSCO	B	0.91%	0.7%	0.7%
	CSGP	F	0.11%	0.09%	0.09%
	CUBE	C	0.04%	0.03%	0.03%
	CVS	F	0.26%	0.21%	0.21%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	DAL	A	0.16%	0.13%	0.13%
	DAY	B	0.04%	0.04%	0.04%
	DBX	C	0.02%	0.02%	0.02%
	DE	C	0.39%	0.3%	0.3%
	DELL	B	0.12%	0.12%	0.12%
	DFS	B	0.17%	0.13%	0.13%
	DG	F	0.06%	0.05%	0.05%
	DHR	D	0.58%	0.48%	0.48%
	DIS	B	0.82%	0.6%	0.6%
	DKS	D	0.04%	0.03%	0.03%
	DLR	A	0.23%	0.18%	0.18%
	DLTR	F	0.05%	0.04%	0.04%
	DOC	D	0.06%	0.04%	0.04%
	DTE	C	0.1%	0.07%	0.07%
	EA	A	0.17%	0.12%	0.12%
	EBAY	D	0.12%	0.09%	0.09%
	ECL	D	0.03%	0.19%	0.03%
	EFX	F	0.09%	0.1%	0.09%
	EL	F	0.04%	0.05%	0.04%
	ELAN	D	0.03%	0.02%	0.02%
	ELS	B	0.05%	0.04%	0.04%
	ELV	F	0.3%	0.29%	0.29%
	EME	A	0.05%	0.07%	0.05%
	EMR	A	0.28%	0.22%	0.22%
	EPAM	C	0.05%	0.04%	0.04%
	EQIX	A	0.31%	0.26%	0.26%
	ES	C	0.08%	0.07%	0.07%
	ETN	B	0.56%	0.44%	0.44%
	ETSY	D	0.01%	0.02%	0.01%
	EW	C	0.13%	0.12%	0.12%
	EWBC	A	0.06%	0.04%	0.04%
	EXC	C	0.15%	0.12%	0.12%
	EXPD	D	0.06%	0.05%	0.05%
	FAF	C	0.03%	0.02%	0.02%
	FAST	B	0.03%	0.14%	0.03%
	FBIN	F	0.04%	0.03%	0.03%
	FCN	F	0.03%	0.02%	0.02%
	FDX	B	0.26%	0.2%	0.2%
	FI	A	0.32%	0.37%	0.32%
	FICO	B	0.03%	0.17%	0.03%
	FIS	C	0.19%	0.15%	0.15%
	FITB	B	0.12%	0.1%	0.1%
	FLO	D	0.02%	0.01%	0.01%
	FMC	D	0.03%	0.02%	0.02%
	FSLR	F	0.08%	0.06%	0.06%
	FTV	D	0.1%	0.08%	0.08%
	G	B	0.03%	0.02%	0.02%
	GEN	B	0.06%	0.05%	0.05%
	GILD	C	0.43%	0.35%	0.35%
	GIS	F	0.14%	0.11%	0.11%
	GL	C	0.04%	0.03%	0.03%
	GPK	D	0.03%	0.03%	0.03%
	H	B	0.02%	0.02%	0.02%
	HBAN	B	0.1%	0.08%	0.08%
	HD	A	0.32%	1.22%	0.32%
	HIG	B	0.13%	0.1%	0.1%
	HLT	A	0.12%	0.18%	0.12%
	HOLX	D	0.07%	0.05%	0.05%
	HPE	B	0.11%	0.08%	0.08%
	HPQ	B	0.11%	0.11%	0.11%
	HSIC	C	0.03%	0.03%	0.03%
	HST	D	0.05%	0.04%	0.04%
	HSY	F	0.08%	0.08%	0.08%
	IBM	C	0.73%	0.58%	0.58%
	ICE	C	0.34%	0.27%	0.27%
	IDA	A	0.02%	0.02%	0.02%
	IEX	B	0.07%	0.05%	0.05%
	IFF	D	0.09%	0.06%	0.06%
	INTC	C	0.4%	0.32%	0.32%
	IPG	F	0.04%	0.03%	0.03%
	IQV	F	0.12%	0.11%	0.11%
	IR	B	0.16%	0.13%	0.13%
	ITT	A	0.05%	0.04%	0.04%
	JCI	B	0.22%	0.17%	0.17%
	JEF	A	0.04%	0.04%	0.04%
	JHG	B	0.02%	0.02%	0.02%
	JKHY	D	0.05%	0.04%	0.04%
	JLL	D	0.03%	0.04%	0.03%
	JNPR	D	0.05%	0.04%	0.04%
	JPM	A	2.74%	2.08%	2.08%
	K	B	0.08%	0.06%	0.06%
	KDP	D	0.14%	0.11%	0.11%
	KEY	B	0.07%	0.05%	0.05%
	KIM	A	0.06%	0.05%	0.05%
	KMB	C	0.1%	0.13%	0.1%
	KO	D	0.4%	0.74%	0.4%
	KR	B	0.15%	0.13%	0.13%
	LEA	F	0.02%	0.02%	0.02%
	LECO	C	0.03%	0.03%	0.03%
	LNC	B	0.02%	0.02%	0.02%
	LNT	A	0.06%	0.05%	0.05%
	LOW	C	0.6%	0.47%	0.47%
	LYFT	C	0.01%	0.02%	0.01%
	M	D	0.02%	0.01%	0.01%
	MAR	B	0.25%	0.2%	0.2%
	MAS	D	0.07%	0.05%	0.05%
	MAT	D	0.02%	0.02%	0.02%
	MDLZ	F	0.34%	0.26%	0.26%
	MDT	D	0.44%	0.33%	0.33%
	MET	A	0.19%	0.15%	0.15%
	MIDD	D	0.03%	0.02%	0.02%
	MKSI	C	0.03%	0.02%	0.02%
	MKTX	D	0.04%	0.03%	0.03%
	MMC	D	0.37%	0.33%	0.33%
	MOS	D	0.03%	0.03%	0.03%
	MRNA	F	0.05%	0.04%	0.04%
	MSI	B	0.16%	0.25%	0.16%
	MTG	D	0.03%	0.02%	0.02%
	MTN	C	0.0%	0.02%	0.0%
	MU	D	0.41%	0.33%	0.33%
	NDAQ	A	0.13%	0.1%	0.1%
	NEE	C	0.61%	0.47%	0.47%
	NNN	C	0.03%	0.02%	0.02%
	NRG	B	0.04%	0.06%	0.04%
	NTAP	C	0.05%	0.07%	0.05%
	NTNX	B	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.06%	0.06%
	NVT	C	0.05%	0.04%	0.04%
	O	C	0.19%	0.15%	0.15%
	OC	A	0.07%	0.05%	0.05%
	OGN	F	0.02%	0.01%	0.01%
	OHI	B	0.04%	0.03%	0.03%
	OMC	C	0.07%	0.06%	0.06%
	ON	F	0.11%	0.09%	0.09%
	ORI	A	0.04%	0.03%	0.03%
	OTIS	C	0.16%	0.12%	0.12%
	PARA	D	0.02%	0.02%	0.02%
	PAYC	B	0.02%	0.03%	0.02%
	PEG	C	0.17%	0.13%	0.13%
	PEP	F	0.18%	0.69%	0.18%
	PFE	F	0.55%	0.45%	0.45%
	PFG	C	0.08%	0.06%	0.06%
	PFGC	B	0.04%	0.04%	0.04%
	PH	B	0.35%	0.27%	0.27%
	PRI	A	0.04%	0.03%	0.03%
	PRU	B	0.18%	0.14%	0.14%
	PVH	C	0.02%	0.02%	0.02%
	PWR	A	0.13%	0.14%	0.13%
	PYPL	B	0.34%	0.27%	0.27%
	QCOM	F	0.04%	0.55%	0.04%
	REGN	F	0.28%	0.25%	0.25%
	REXR	F	0.04%	0.03%	0.03%
	RF	A	0.09%	0.07%	0.07%
	RGA	B	0.06%	0.05%	0.05%
	RHI	C	0.03%	0.02%	0.02%
	RJF	A	0.12%	0.09%	0.09%
	RNR	C	0.05%	0.04%	0.04%
	ROK	B	0.12%	0.1%	0.1%
	RPRX	F	0.04%	0.03%	0.03%
	RSG	A	0.17%	0.13%	0.13%
	SAIC	F	0.02%	0.02%	0.02%
	SBUX	A	0.1%	0.33%	0.1%
	SCHW	A	0.42%	0.36%	0.36%
	SCI	A	0.05%	0.04%	0.04%
	SJM	D	0.04%	0.03%	0.03%
	SKX	F	0.03%	0.02%	0.02%
	SLGN	A	0.02%	0.01%	0.01%
	SNV	B	0.03%	0.02%	0.02%
	SNX	D	0.03%	0.03%	0.03%
	SOFI	A	0.05%	0.04%	0.04%
	SON	F	0.02%	0.01%	0.01%
	SPG	A	0.17%	0.17%	0.17%
	SPGI	D	0.61%	0.48%	0.48%
	SRE	A	0.23%	0.17%	0.17%
	STE	D	0.08%	0.07%	0.07%
	SWK	F	0.05%	0.04%	0.04%
	SYF	B	0.1%	0.08%	0.08%
	SYK	A	0.39%	0.42%	0.39%
	SYY	D	0.06%	0.11%	0.06%
	T	A	0.63%	0.48%	0.48%
	TER	F	0.01%	0.05%	0.01%
	TFC	A	0.24%	0.19%	0.19%
	TGT	B	0.27%	0.21%	0.21%
	THO	C	0.02%	0.02%	0.02%
	TJX	A	0.22%	0.41%	0.22%
	TMO	F	0.76%	0.62%	0.62%
	TMUS	B	0.44%	0.35%	0.35%
	TRMB	B	0.07%	0.05%	0.05%
	TRV	A	0.23%	0.18%	0.18%
	TT	A	0.24%	0.28%	0.24%
	TTC	F	0.03%	0.03%	0.03%
	TTEK	F	0.03%	0.03%	0.03%
	TW	A	0.04%	0.04%	0.04%
	TWLO	A	0.05%	0.05%	0.05%
	TYL	B	0.01%	0.08%	0.01%
	UNH	C	1.98%	1.66%	1.66%
	UNM	A	0.05%	0.04%	0.04%
	UNP	D	0.29%	0.43%	0.29%
	USB	B	0.3%	0.24%	0.24%
	USFD	A	0.06%	0.05%	0.05%
	VFC	C	0.03%	0.02%	0.02%
	VRSN	F	0.06%	0.05%	0.05%
	VRTX	D	0.23%	0.38%	0.23%
	VTR	B	0.1%	0.08%	0.08%
	VZ	C	0.68%	0.52%	0.52%
	WAB	B	0.13%	0.1%	0.1%
	WAT	C	0.03%	0.07%	0.03%
	WDC	F	0.08%	0.06%	0.06%
	WELL	A	0.32%	0.25%	0.25%
	WHR	B	0.02%	0.02%	0.02%
	WMT	A	1.42%	1.11%	1.11%
	WSO	A	0.07%	0.05%	0.05%
	WST	D	0.04%	0.07%	0.04%
	WTFC	B	0.03%	0.03%	0.03%
	WY	D	0.09%	0.07%	0.07%
	XEL	A	0.15%	0.12%	0.12%
	XYL	D	0.11%	0.09%	0.09%
	YUM	D	0.09%	0.12%	0.09%
	Z	A	0.05%	0.05%	0.05%
	ZBRA	B	0.06%	0.06%	0.06%
	ZION	B	0.03%	0.03%	0.03%
	ZTS	D	0.05%	0.24%	0.05%

IWD Overweight 570 Positions Relative to CDEI

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	XOM	B	2.08%
	JNJ	D	1.45%
	PG	C	1.21%
	CVX	A	1.08%
	WFC	A	1.01%
	LIN	D	0.84%
	PM	A	0.78%
	MCD	D	0.77%
	TXN	C	0.63%
	CAT	C	0.63%
	RTX	D	0.61%
	BLK	B	0.6%
	GE	D	0.59%
	MS	A	0.57%
	GS	B	0.53%
	COP	B	0.51%
	HON	B	0.49%
	CB	C	0.45%
	PLD	D	0.41%
	UPS	C	0.38%
	MO	A	0.37%
	SO	C	0.37%
	GEV	A	0.35%
	DUK	C	0.34%
	PNC	B	0.32%
	GD	D	0.31%
	BA	D	0.31%
	EOG	A	0.3%
	LMT	D	0.3%
	KKR	A	0.28%
	NOC	D	0.27%
	CSX	C	0.27%
	WMB	A	0.27%
	MRVL	B	0.27%
	APD	A	0.27%
	CRH	B	0.26%
	GM	B	0.25%
	OKE	A	0.25%
	FCX	F	0.24%
	SLB	C	0.24%
	AFL	C	0.24%
	MMM	D	0.23%
	ROP	C	0.23%
	NSC	B	0.23%
	AJG	B	0.23%
	CEG	C	0.23%
	MPC	D	0.22%
	PCAR	C	0.22%
	KMI	A	0.21%
	TDG	D	0.21%
	PSX	C	0.21%
	ITW	B	0.2%
	AEP	C	0.2%
	DHI	D	0.19%
	D	C	0.19%
	HCA	F	0.19%
	MSTR	A	0.19%
	PSA	C	0.18%
	KVUE	A	0.18%
	LHX	B	0.18%
	NEM	D	0.18%
	HWM	A	0.17%
	F	C	0.17%
	AME	A	0.17%
	MCK	A	0.17%
	VLO	C	0.17%
	PCG	A	0.17%
	CBRE	B	0.16%
	LEN	D	0.16%
	URI	B	0.16%
	FERG	C	0.15%
	STZ	D	0.15%
	CTSH	C	0.15%
	CTVA	C	0.15%
	NKE	F	0.14%
	NUE	D	0.14%
	MTB	A	0.14%
	ROST	D	0.14%
	GLW	B	0.14%
	RCL	A	0.14%
	CHTR	B	0.14%
	GRMN	B	0.13%
	AVB	B	0.13%
	VICI	C	0.13%
	HUM	D	0.13%
	OXY	F	0.13%
	MCHP	F	0.13%
	FANG	D	0.13%
	ED	C	0.13%
	GEHC	D	0.13%
	MLM	B	0.13%
	DD	D	0.13%
	EXR	C	0.13%
	GPN	C	0.12%
	UAL	A	0.12%
	TTWO	A	0.12%
	WEC	A	0.12%
	DOW	F	0.12%
	ETR	A	0.12%
	EIX	C	0.12%
	WTW	B	0.12%
	SQ	A	0.11%
	VMC	B	0.11%
	DOV	B	0.11%
	KHC	F	0.11%
	EQR	C	0.11%
	PPG	F	0.11%
	STT	B	0.11%
	PAYX	B	0.11%
	RMD	C	0.1%
	PPL	A	0.1%
	MTD	F	0.1%
	ADM	D	0.1%
	NVR	D	0.1%
	KEYS	C	0.1%
	TROW	B	0.1%
	HAL	C	0.1%
	FCNCA	A	0.1%
	PHM	D	0.1%
	CHD	A	0.1%
	SW	A	0.1%
	WBD	B	0.09%
	ZBH	C	0.09%
	CINF	A	0.09%
	HUBB	B	0.09%
	PGR	B	0.09%
	EQT	A	0.09%
	SBAC	D	0.09%
	LNG	A	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	AEE	A	0.09%
	CCL	A	0.09%
	COO	D	0.08%
	LUV	B	0.08%
	CNP	A	0.08%
	LH	B	0.08%
	IP	A	0.08%
	INVH	D	0.08%
	STLD	B	0.08%
	PKG	B	0.08%
	ZM	B	0.08%
	HOOD	A	0.08%
	ILMN	C	0.08%
	LYB	F	0.08%
	EXE	A	0.08%
	APO	A	0.08%
	LDOS	C	0.08%
	TDY	B	0.08%
	ATO	A	0.08%
	MKL	A	0.07%
	CVNA	A	0.07%
	GPC	F	0.07%
	PNR	B	0.07%
	J	D	0.07%
	TRU	D	0.07%
	CSL	C	0.07%
	RS	B	0.07%
	DGX	A	0.07%
	WRB	B	0.07%
	TSN	B	0.07%
	ARE	F	0.07%
	MAA	A	0.07%
	SNA	B	0.07%
	MKC	D	0.07%
	BALL	D	0.07%
	CTRA	B	0.07%
	IBKR	A	0.07%
	MSCI	B	0.07%
	BLDR	D	0.07%
	ESS	A	0.07%
	EVRG	A	0.06%
	HES	B	0.06%
	IRM	C	0.06%
	NDSN	D	0.06%
	UDR	C	0.06%
	BRO	B	0.06%
	THC	C	0.06%
	JBHT	C	0.06%
	L	A	0.06%
	GGG	B	0.06%
	VTRS	A	0.06%
	SUI	C	0.06%
	TOL	B	0.06%
	SSNC	C	0.06%
	FNF	A	0.06%
	UTHR	C	0.06%
	CF	A	0.06%
	TXT	D	0.06%
	MRO	A	0.06%
	NI	A	0.06%
	UHS	D	0.05%
	CAH	B	0.05%
	CDW	F	0.05%
	FDS	B	0.05%
	EMN	D	0.05%
	BMRN	F	0.05%
	WPC	C	0.05%
	FTI	A	0.05%
	ALB	B	0.05%
	BXP	D	0.05%
	CPT	C	0.05%
	COHR	B	0.05%
	AMH	C	0.05%
	BG	D	0.05%
	GLPI	C	0.05%
	CHRW	B	0.05%
	JBL	C	0.05%
	TPR	B	0.05%
	AFRM	A	0.05%
	RPM	B	0.05%
	EG	D	0.05%
	SWKS	F	0.05%
	RVTY	D	0.05%
	REG	A	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	VLTO	C	0.05%
	GMED	A	0.04%
	TFX	F	0.04%
	BWXT	A	0.04%
	INGR	B	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	SOLV	F	0.04%
	DRI	C	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	CRL	D	0.04%
	COIN	A	0.04%
	DOX	D	0.04%
	DPZ	C	0.04%
	DTM	A	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	ARMK	C	0.04%
	EHC	B	0.04%
	NLY	C	0.04%
	AVY	D	0.04%
	GME	C	0.04%
	LAD	B	0.04%
	LKQ	F	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	WWD	B	0.04%
	WBS	A	0.04%
	CACI	C	0.04%
	TECH	F	0.04%
	PNW	B	0.04%
	FOXA	B	0.04%
	EVR	B	0.04%
	CTLT	D	0.04%
	FWONK	B	0.04%
	NWSA	B	0.04%
	FTNT	B	0.04%
	TAP	B	0.04%
	ATR	B	0.04%
	CG	B	0.04%
	AA	A	0.04%
	FHN	A	0.04%
	RRX	B	0.04%
	AMAT	F	0.04%
	INCY	C	0.04%
	KMX	C	0.04%
	SF	B	0.04%
	AIZ	A	0.04%
	BJ	B	0.04%
	OVV	C	0.04%
	COLB	B	0.03%
	CGNX	D	0.03%
	IVZ	C	0.03%
	LSTR	D	0.03%
	OKTA	D	0.03%
	STAG	D	0.03%
	AZPN	A	0.03%
	WEX	F	0.03%
	HR	C	0.03%
	DINO	D	0.03%
	GWW	B	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	WSM	D	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	B	0.03%
	FND	F	0.03%
	MTSI	B	0.03%
	GXO	B	0.03%
	RLI	A	0.03%
	SSD	D	0.03%
	FR	C	0.03%
	GNTX	F	0.03%
	R	B	0.03%
	ESAB	C	0.03%
	OSK	C	0.03%
	AGNC	C	0.03%
	VNO	C	0.03%
	KBR	F	0.03%
	CART	C	0.03%
	COKE	C	0.03%
	MHK	D	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	CHE	F	0.03%
	DASH	A	0.03%
	MNST	C	0.03%
	JAZZ	C	0.03%
	ADC	A	0.03%
	KEX	B	0.03%
	HII	F	0.03%
	PR	B	0.03%
	BERY	D	0.03%
	FLS	A	0.03%
	SHW	C	0.03%
	MTCH	F	0.03%
	RRC	B	0.03%
	CHRD	F	0.03%
	ACI	C	0.03%
	CZR	F	0.03%
	X	C	0.03%
	TKO	A	0.03%
	SEIC	B	0.03%
	APG	C	0.03%
	APA	F	0.03%
	LAMR	D	0.03%
	RIVN	F	0.03%
	VOYA	B	0.03%
	CPB	D	0.03%
	EGP	D	0.03%
	RL	C	0.03%
	NYT	D	0.03%
	MTZ	A	0.03%
	CR	A	0.03%
	CBSH	A	0.03%
	OGE	A	0.03%
	HRL	D	0.03%
	FYBR	C	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ALLY	C	0.03%
	AAL	B	0.03%
	MGM	D	0.03%
	AOS	F	0.03%
	KNX	B	0.03%
	AR	B	0.03%
	HLI	B	0.03%
	AXTA	B	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	PTC	B	0.03%
	LINE	F	0.02%
	SITE	D	0.02%
	HOG	F	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	GFS	C	0.02%
	DLB	F	0.02%
	AN	D	0.02%
	WLK	F	0.02%
	KMPR	A	0.02%
	GAP	D	0.02%
	RYN	D	0.02%
	PSN	C	0.02%
	WSC	F	0.02%
	EEFT	C	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AZO	C	0.02%
	AGO	A	0.02%
	ST	F	0.02%
	FRPT	A	0.02%
	AVT	C	0.02%
	ROIV	D	0.02%
	OLN	F	0.02%
	TKR	F	0.02%
	WTM	A	0.02%
	HXL	F	0.02%
	BYD	B	0.02%
	AL	B	0.02%
	UGI	C	0.02%
	BFAM	F	0.02%
	OZK	B	0.02%
	POST	C	0.02%
	SLM	B	0.02%
	SN	D	0.02%
	CCCS	B	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	GNRC	B	0.02%
	ORLY	B	0.02%
	RITM	D	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	FOX	A	0.02%
	WMS	F	0.02%
	SAIA	C	0.02%
	THG	A	0.02%
	AGCO	F	0.02%
	AMG	C	0.02%
	ONTO	F	0.02%
	FNB	B	0.02%
	VNT	C	0.02%
	LFUS	D	0.02%
	RGEN	F	0.02%
	CE	F	0.02%
	S	B	0.02%
	STWD	C	0.02%
	ARW	F	0.02%
	WBA	F	0.02%
	BEN	C	0.02%
	QRVO	F	0.02%
	MTDR	C	0.02%
	BPOP	C	0.02%
	OMF	A	0.02%
	COLD	F	0.02%
	ESI	B	0.02%
	NOV	D	0.02%
	SIRI	D	0.02%
	MOH	F	0.02%
	KD	A	0.02%
	MSA	D	0.02%
	LLYVA	A	0.01%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	D	0.01%
	LEG	F	0.01%
	WEN	C	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	C	0.01%
	QS	D	0.01%
	CLVT	D	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	LEN	D	0.01%
	CNXC	F	0.01%
	VSTS	F	0.01%
	CRI	F	0.01%
	PSTG	F	0.01%
	PPC	B	0.01%
	QDEL	F	0.01%
	RKT	F	0.01%
	LBTYK	A	0.01%
	KSS	F	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	UAA	C	0.01%
	LBTYA	F	0.01%
	BRKR	F	0.01%
	IPGP	D	0.01%
	GLOB	C	0.01%
	SHC	F	0.01%
	ADT	B	0.01%
	LPX	B	0.01%
	RCM	A	0.01%
	AAP	D	0.01%
	WU	F	0.01%
	AZTA	F	0.01%
	YETI	D	0.01%
	JWN	C	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	ULTA	F	0.01%
	PINC	B	0.01%
	ALGM	F	0.01%
	SPB	C	0.01%
	MP	C	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	B	0.01%
	ENOV	C	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	D	0.01%
	CXT	C	0.01%
	COTY	F	0.01%
	SEE	D	0.01%
	CNM	C	0.01%
	AMKR	F	0.01%
	VIRT	A	0.01%
	ECG	C	0.01%
	U	F	0.01%
	AMED	F	0.01%
	MAN	F	0.01%
	SNRE	D	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	LLYVK	A	0.01%
	PK	D	0.01%
	NXST	C	0.01%
	IRDM	F	0.01%
	BROS	A	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	AMTM	F	0.01%
	SMG	C	0.01%
	LOPE	B	0.01%
	BHF	C	0.01%
	VAC	C	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	HIW	D	0.01%
	EPR	D	0.01%
	MASI	B	0.01%
	ZG	A	0.01%
	PII	F	0.01%
	ACHC	F	0.01%
	FHB	B	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	D	0.01%
	NVST	C	0.01%
	NWS	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	VNOM	A	0.01%
	TNL	B	0.01%
	XRAY	D	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	B	0.01%
	NEU	D	0.01%
	RH	D	0.01%
	DXC	D	0.01%
	PLNT	A	0.01%
	CTAS	B	0.01%
	OLED	F	0.01%
	MSM	D	0.01%
	LOAR	B	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	C	0.0%
	NFE	F	0.0%
	UHAL	D	0.0%
	IONS	F	0.0%
	LAZ	B	0.0%
	GRAL	C	0.0%
	TXG	F	0.0%
	CACC	F	0.0%
	PLTK	B	0.0%
	DJT	C	0.0%
	SEB	F	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	WOLF	F	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	HCP	B	0.0%
	CAR	C	0.0%
	CNA	C	0.0%
	PYCR	C	0.0%
	HAS	D	0.0%
	FWONA	B	0.0%
	AS	A	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	B	0.0%

IWD Underweight 76 Positions Relative to CDEI

	Symbol	Grade	Weight
	AAPL	C	-10.52%
	NVDA	A	-10.49%
	MSFT	D	-9.49%
	GOOGL	B	-5.91%
	AVGO	C	-2.36%
	LLY	F	-2.03%
	V	A	-1.56%
	MA	B	-1.3%
	NFLX	A	-1.08%
	MRK	F	-0.76%
	ADBE	D	-0.71%
	NOW	B	-0.65%
	INTU	B	-0.58%
	PANW	B	-0.38%
	ANET	C	-0.3%
	LRCX	F	-0.29%
	AMT	D	-0.28%
	WM	B	-0.27%
	CRWD	B	-0.24%
	MCO	D	-0.23%
	ADSK	B	-0.2%
	TTD	B	-0.17%
	TEAM	A	-0.12%
	IT	C	-0.12%
	HUBS	B	-0.11%
	VEEV	C	-0.1%
	IDXX	F	-0.1%
	TSCO	D	-0.09%
	DECK	A	-0.08%
	LPLA	A	-0.07%
	PODD	B	-0.06%
	BAH	D	-0.06%
	CLX	A	-0.06%
	STX	D	-0.06%
	EQH	B	-0.05%
	DOCU	B	-0.05%
	BURL	A	-0.05%
	XPO	B	-0.05%
	PINS	F	-0.05%
	TXRH	B	-0.04%
	POOL	D	-0.04%
	DT	C	-0.04%
	MEDP	D	-0.03%
	PEN	B	-0.03%
	AAON	B	-0.03%
	PCTY	B	-0.03%
	MORN	B	-0.03%
	TPX	B	-0.03%
	AIT	B	-0.03%
	RDN	D	-0.02%
	INSP	F	-0.02%
	GATX	B	-0.02%
	ITRI	B	-0.02%
	APPF	C	-0.02%
	BCPC	B	-0.02%
	SUM	B	-0.02%
	BPMC	C	-0.02%
	COOP	B	-0.02%
	MTH	D	-0.02%
	BMI	C	-0.02%
	RHP	B	-0.02%
	HALO	F	-0.02%
	CADE	B	-0.02%
	ONB	B	-0.02%
	EXLS	B	-0.02%
	GTLS	A	-0.02%
	CVLT	B	-0.02%
	TREX	D	-0.02%
	HQY	A	-0.02%
	TNET	F	-0.01%
	FELE	B	-0.01%
	CELH	F	-0.01%
	SWX	A	-0.01%
	POR	C	-0.01%
	MMS	D	-0.01%
	TENB	D	-0.01%

IWD: Top Represented Industries & Keywords

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

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

CDEI: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Business Services Diversified Industrials Utilities - Regulated Electric Medical Devices Credit Services Diagnostics & Research Drug Manufacturers - Major Semiconductors Biotechnology Building Materials Capital Markets Insurance - Life Software - Infrastructure Asset Management Communication Equipment Discount Stores Engineering & Construction Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Natural Gas Dow Jones Component Electricity Medicine Disability Telecommunications Electronics Investment Bank Chemical Cloud Computing Financial Products Real Estate Investment Trust Work From Home Beverage