IWD vs. EFIV ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to SPDR S&P 500 ESG ETF (EFIV)

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

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$55.35

Average Daily Volume

126,970

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	IWD	EFIV
30 Days	3.42%	1.58%
60 Days	5.20%	2.96%
90 Days	8.20%	4.08%
12 Months	22.86%	29.90%

282 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in EFIV	Overlap
	A	C	0.16%	0.12%	0.12%
	AAL	D	0.03%	0.02%	0.02%
	ABBV	C	0.79%	1.01%	0.79%
	ABT	C	0.82%	0.6%	0.6%
	ACGL	C	0.16%	0.12%	0.12%
	ACN	C	0.89%	0.65%	0.65%
	ADM	D	0.12%	0.09%	0.09%
	ADP	B	0.03%	0.34%	0.03%
	AFL	C	0.25%	0.17%	0.17%
	AIG	D	0.2%	0.14%	0.14%
	AIZ	B	0.04%	0.03%	0.03%
	AJG	D	0.24%	0.19%	0.19%
	AKAM	D	0.06%	0.04%	0.04%
	ALB	D	0.04%	0.03%	0.03%
	ALL	B	0.17%	0.14%	0.14%
	ALLE	B	0.05%	0.04%	0.04%
	AMAT	D	0.05%	0.45%	0.05%
	AMCR	B	0.06%	0.05%	0.05%
	AMD	D	0.34%	0.72%	0.34%
	AME	C	0.16%	0.11%	0.11%
	AMGN	B	0.16%	0.52%	0.16%
	AMP	A	0.02%	0.13%	0.02%
	AON	B	0.28%	0.22%	0.22%
	APD	B	0.26%	0.18%	0.18%
	APTV	D	0.08%	0.05%	0.05%
	ARE	C	0.09%	0.06%	0.06%
	AVB	B	0.13%	0.1%	0.1%
	AVY	C	0.04%	0.05%	0.04%
	AWK	B	0.12%	0.08%	0.08%
	AXP	B	0.37%	0.43%	0.37%
	BAC	D	1.06%	0.78%	0.78%
	BALL	C	0.08%	0.06%	0.06%
	BAX	C	0.08%	0.06%	0.06%
	BBWI	F	0.02%	0.02%	0.02%
	BBY	C	0.09%	0.06%	0.06%
	BDX	D	0.27%	0.2%	0.2%
	BEN	F	0.02%	0.02%	0.02%
	BIIB	F	0.12%	0.09%	0.09%
	BIO	C	0.03%	0.02%	0.02%
	BK	B	0.21%	0.15%	0.15%
	BKR	C	0.13%	0.1%	0.1%
	BLK	B	0.53%	0.37%	0.37%
	BMY	C	0.4%	0.29%	0.29%
	BR	D	0.01%	0.07%	0.01%
	BSX	B	0.5%	0.36%	0.36%
	BWA	D	0.03%	0.02%	0.02%
	BXP	B	0.05%	0.03%	0.03%
	C	C	0.45%	0.32%	0.32%
	CAG	C	0.06%	0.04%	0.04%
	CAH	C	0.05%	0.08%	0.05%
	CARR	B	0.26%	0.19%	0.19%
	CAT	B	0.59%	0.49%	0.49%
	CB	B	0.47%	0.35%	0.35%
	CBOE	C	0.09%	0.06%	0.06%
	CBRE	A	0.15%	0.11%	0.11%
	CCL	C	0.07%	0.05%	0.05%
	CF	C	0.06%	0.04%	0.04%
	CFG	C	0.07%	0.05%	0.05%
	CHRW	B	0.05%	0.03%	0.03%
	CI	C	0.37%	0.3%	0.3%
	CL	D	0.16%	0.26%	0.16%
	CMCSA	D	0.62%	0.46%	0.46%
	CME	C	0.32%	0.23%	0.23%
	CMI	C	0.17%	0.12%	0.12%
	CNC	D	0.16%	0.12%	0.12%
	COF	B	0.21%	0.16%	0.16%
	CPB	C	0.04%	0.03%	0.03%
	CRL	F	0.04%	0.03%	0.03%
	CRM	D	0.15%	0.73%	0.15%
	CSCO	C	0.82%	0.59%	0.59%
	CSGP	D	0.13%	0.09%	0.09%
	CSX	D	0.27%	0.19%	0.19%
	CTAS	B	0.01%	0.21%	0.01%
	CTVA	B	0.16%	0.11%	0.11%
	CVS	D	0.3%	0.21%	0.21%
	CVX	D	0.98%	0.71%	0.71%
	CZR	C	0.03%	0.02%	0.02%
	DAL	C	0.12%	0.08%	0.08%
	DAY	D	0.03%	0.03%	0.03%
	DE	B	0.41%	0.3%	0.3%
	DFS	B	0.13%	0.09%	0.09%
	DGX	B	0.07%	0.05%	0.05%
	DHI	B	0.23%	0.17%	0.17%
	DHR	B	0.74%	0.53%	0.53%
	DIS	D	0.67%	0.48%	0.48%
	DLR	B	0.21%	0.15%	0.15%
	DOC	C	0.07%	0.05%	0.05%
	DOV	B	0.1%	0.08%	0.08%
	DOW	D	0.14%	0.1%	0.1%
	DVN	F	0.1%	0.07%	0.07%
	EA	D	0.16%	0.1%	0.1%
	EBAY	B	0.13%	0.1%	0.1%
	ECL	B	0.03%	0.19%	0.03%
	ED	C	0.15%	0.11%	0.11%
	EG	C	0.06%	0.05%	0.05%
	EIX	C	0.13%	0.1%	0.1%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.44%	0.38%	0.38%
	EMR	D	0.24%	0.17%	0.17%
	EQIX	C	0.32%	0.25%	0.25%
	EQR	B	0.12%	0.08%	0.08%
	EQT	D	0.07%	0.06%	0.06%
	ES	C	0.1%	0.07%	0.07%
	ETN	C	0.49%	0.36%	0.36%
	ETR	B	0.11%	0.08%	0.08%
	ETSY	F	0.01%	0.02%	0.01%
	EW	F	0.13%	0.12%	0.12%
	EXC	C	0.16%	0.12%	0.12%
	EXR	B	0.15%	0.11%	0.11%
	FANG	D	0.12%	0.09%	0.09%
	FCX	D	0.25%	0.18%	0.18%
	FDS	C	0.04%	0.05%	0.04%
	FIS	B	0.19%	0.14%	0.14%
	FITB	B	0.12%	0.08%	0.08%
	FMC	C	0.03%	0.02%	0.02%
	FRT	C	0.04%	0.03%	0.03%
	FTV	C	0.1%	0.08%	0.08%
	GE	B	0.62%	0.55%	0.55%
	GILD	B	0.42%	0.31%	0.31%
	GIS	B	0.17%	0.12%	0.12%
	GL	C	0.04%	0.03%	0.03%
	GM	C	0.21%	0.16%	0.16%
	GPC	D	0.08%	0.06%	0.06%
	GPN	D	0.11%	0.08%	0.08%
	GS	C	0.45%	0.45%	0.45%
	GWW	B	0.02%	0.13%	0.02%
	HAL	F	0.1%	0.07%	0.07%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.08%	0.06%	0.06%
	HD	B	0.31%	1.1%	0.31%
	HES	F	0.05%	0.1%	0.05%
	HIG	B	0.14%	0.1%	0.1%
	HLT	B	0.11%	0.16%	0.11%
	HOLX	B	0.08%	0.06%	0.06%
	HPE	D	0.09%	0.06%	0.06%
	HPQ	D	0.1%	0.08%	0.08%
	HRL	C	0.04%	0.03%	0.03%
	HST	C	0.05%	0.04%	0.04%
	HSY	C	0.1%	0.09%	0.09%
	HUBB	B	0.09%	0.06%	0.06%
	HUM	F	0.16%	0.12%	0.12%
	ICE	C	0.37%	0.27%	0.27%
	IEX	D	0.06%	0.04%	0.04%
	IFF	B	0.11%	0.08%	0.08%
	INCY	C	0.04%	0.03%	0.03%
	INTC	F	0.34%	0.24%	0.24%
	IPG	C	0.05%	0.03%	0.03%
	IR	C	0.15%	0.11%	0.11%
	IRM	C	0.06%	0.1%	0.06%
	ITW	C	0.19%	0.2%	0.19%
	IVZ	B	0.02%	0.02%	0.02%
	JBHT	D	0.06%	0.04%	0.04%
	JCI	B	0.2%	0.14%	0.14%
	JKHY	B	0.05%	0.04%	0.04%
	JPM	D	2.37%	1.75%	1.75%
	K	B	0.09%	0.06%	0.06%
	KDP	B	0.16%	0.11%	0.11%
	KEY	B	0.06%	0.04%	0.04%
	KHC	C	0.13%	0.08%	0.08%
	KIM	C	0.06%	0.05%	0.05%
	KMI	B	0.17%	0.12%	0.12%
	KMX	D	0.05%	0.04%	0.04%
	KO	C	0.48%	0.82%	0.48%
	KR	C	0.15%	0.11%	0.11%
	LIN	B	0.91%	0.66%	0.66%
	LKQ	F	0.04%	0.03%	0.03%
	LOW	B	0.59%	0.43%	0.43%
	LW	D	0.03%	0.03%	0.03%
	LYB	D	0.1%	0.07%	0.07%
	MAR	C	0.22%	0.17%	0.17%
	MAS	B	0.07%	0.05%	0.05%
	MCD	B	0.81%	0.62%	0.62%
	MDLZ	B	0.41%	0.29%	0.29%
	MDT	C	0.48%	0.35%	0.35%
	MET	B	0.18%	0.14%	0.14%
	MGM	F	0.04%	0.03%	0.03%
	MHK	C	0.03%	0.02%	0.02%
	MKC	C	0.09%	0.06%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MMC	C	0.4%	0.34%	0.34%
	MOS	F	0.03%	0.02%	0.02%
	MPC	F	0.23%	0.17%	0.17%
	MRNA	F	0.09%	0.07%	0.07%
	MS	D	0.43%	0.36%	0.36%
	MSCI	C	0.07%	0.13%	0.07%
	MTB	B	0.11%	0.08%	0.08%
	MTD	D	0.12%	0.09%	0.09%
	MU	F	0.41%	0.29%	0.29%
	NDAQ	A	0.12%	0.09%	0.09%
	NEE	C	0.7%	0.51%	0.51%
	NEM	B	0.25%	0.18%	0.18%
	NKE	D	0.15%	0.28%	0.15%
	NSC	C	0.22%	0.17%	0.17%
	NTRS	A	0.07%	0.05%	0.05%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	OKE	B	0.22%	0.16%	0.16%
	OMC	B	0.08%	0.06%	0.06%
	ON	D	0.12%	0.09%	0.09%
	OTIS	C	0.15%	0.11%	0.11%
	OXY	F	0.14%	0.1%	0.1%
	PARA	F	0.03%	0.01%	0.01%
	PAYX	C	0.11%	0.13%	0.11%
	PCAR	D	0.2%	0.15%	0.15%
	PEG	B	0.17%	0.12%	0.12%
	PEP	C	0.21%	0.72%	0.21%
	PFE	C	0.67%	0.49%	0.49%
	PFG	B	0.08%	0.05%	0.05%
	PG	C	1.29%	1.21%	1.21%
	PH	B	0.31%	0.22%	0.22%
	PHM	B	0.12%	0.08%	0.08%
	PLD	C	0.49%	0.36%	0.36%
	PNC	B	0.29%	0.21%	0.21%
	PNR	B	0.06%	0.04%	0.04%
	PPG	D	0.12%	0.09%	0.09%
	PRU	C	0.17%	0.12%	0.12%
	PSA	B	0.19%	0.17%	0.17%
	PSX	F	0.22%	0.16%	0.16%
	PWR	B	0.11%	0.12%	0.11%
	PYPL	B	0.3%	0.22%	0.22%
	QCOM	D	0.05%	0.55%	0.05%
	RCL	B	0.11%	0.12%	0.11%
	REG	C	0.06%	0.04%	0.04%
	REGN	C	0.45%	0.37%	0.37%
	RF	B	0.08%	0.06%	0.06%
	RJF	C	0.09%	0.06%	0.06%
	RL	C	0.03%	0.02%	0.02%
	RMD	C	0.11%	0.11%	0.11%
	ROK	D	0.11%	0.09%	0.09%
	ROST	C	0.16%	0.15%	0.15%
	RSG	D	0.17%	0.12%	0.12%
	SBAC	C	0.11%	0.08%	0.08%
	SBUX	C	0.1%	0.33%	0.1%
	SCHW	D	0.34%	0.27%	0.27%
	SHW	B	0.03%	0.26%	0.03%
	SJM	C	0.05%	0.04%	0.04%
	SLB	F	0.23%	0.17%	0.17%
	SPGI	B	0.66%	0.49%	0.49%
	SRE	C	0.21%	0.15%	0.15%
	STT	A	0.1%	0.07%	0.07%
	SW	B	0.05%	0.07%	0.05%
	SWK	B	0.06%	0.04%	0.04%
	SYF	C	0.08%	0.06%	0.06%
	SYK	C	0.38%	0.37%	0.37%
	SYY	D	0.06%	0.11%	0.06%
	T	C	0.63%	0.46%	0.46%
	TAP	D	0.04%	0.03%	0.03%
	TFC	C	0.23%	0.16%	0.16%
	TFX	C	0.05%	0.03%	0.03%
	TGT	C	0.28%	0.2%	0.2%
	TJX	B	0.22%	0.39%	0.22%
	TMUS	C	0.4%	0.31%	0.31%
	TPR	C	0.04%	0.03%	0.03%
	TROW	D	0.09%	0.07%	0.07%
	TRV	C	0.22%	0.16%	0.16%
	TSN	C	0.07%	0.05%	0.05%
	TT	B	0.22%	0.24%	0.22%
	TTWO	C	0.1%	0.07%	0.07%
	UDR	C	0.06%	0.04%	0.04%
	ULTA	D	0.01%	0.05%	0.01%
	UNH	C	2.06%	1.6%	1.6%
	UNP	C	0.32%	0.45%	0.32%
	UPS	D	0.38%	0.28%	0.28%
	URI	B	0.15%	0.14%	0.14%
	USB	B	0.28%	0.2%	0.2%
	VLO	F	0.18%	0.13%	0.13%
	VTR	C	0.11%	0.08%	0.08%
	WAB	B	0.12%	0.09%	0.09%
	WAT	C	0.03%	0.06%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WDC	D	0.09%	0.06%	0.06%
	WELL	C	0.31%	0.23%	0.23%
	WMB	B	0.22%	0.16%	0.16%
	WMT	C	1.42%	1.01%	1.01%
	WTW	C	0.12%	0.09%	0.09%
	WY	C	0.1%	0.07%	0.07%
	WYNN	D	0.03%	0.02%	0.02%
	XOM	C	2.02%	1.48%	1.48%
	XYL	C	0.13%	0.09%	0.09%
	YUM	D	0.09%	0.11%	0.09%
	ZBH	F	0.09%	0.06%	0.06%
	ZTS	C	0.06%	0.26%	0.06%

IWD Overweight 581 Positions Relative to EFIV

	Symbol	Grade	Weight
	BRK.A	C	3.32%
	JNJ	C	1.62%
	TMO	B	0.95%
	IBM	B	0.8%
	PM	C	0.79%
	VZ	B	0.76%
	WFC	D	0.75%
	TXN	C	0.65%
	RTX	C	0.64%
	COP	D	0.49%
	HON	D	0.46%
	ADI	C	0.45%
	SO	B	0.4%
	DUK	C	0.37%
	MO	C	0.37%
	GD	B	0.34%
	LMT	C	0.33%
	BA	F	0.31%
	NOC	B	0.29%
	EOG	D	0.28%
	FI	A	0.28%
	FDX	C	0.26%
	GEV	B	0.25%
	VRTX	D	0.25%
	MRVL	C	0.24%
	KKR	B	0.24%
	ROP	C	0.24%
	TDG	B	0.24%
	MMM	B	0.24%
	CRH	B	0.24%
	HCA	B	0.23%
	O	C	0.22%
	AEP	C	0.22%
	CCI	C	0.21%
	CEG	C	0.21%
	D	C	0.2%
	LHX	C	0.18%
	KVUE	C	0.18%
	LEN	B	0.18%
	MCHP	F	0.17%
	F	F	0.17%
	PCG	C	0.17%
	CTSH	C	0.16%
	MCK	F	0.16%
	SPG	B	0.16%
	STZ	D	0.16%
	HWM	B	0.15%
	FERG	D	0.15%
	IQV	C	0.15%
	MSI	B	0.15%
	GEHC	C	0.14%
	DD	B	0.14%
	NUE	F	0.14%
	VICI	C	0.14%
	XEL	B	0.14%
	APH	D	0.13%
	CHTR	D	0.13%
	GLW	C	0.13%
	KMB	D	0.12%
	MLM	D	0.12%
	EFX	B	0.12%
	WEC	C	0.12%
	DTE	C	0.11%
	KEYS	C	0.11%
	GRMN	D	0.11%
	NVR	B	0.11%
	ANSS	D	0.11%
	PGR	B	0.1%
	DELL	D	0.1%
	PPL	C	0.1%
	STE	C	0.1%
	FSLR	C	0.1%
	CHD	D	0.1%
	FE	C	0.1%
	COO	B	0.09%
	FCNCA	D	0.09%
	AEE	C	0.09%
	INVH	C	0.09%
	VMC	D	0.09%
	LH	C	0.08%
	DG	F	0.08%
	PKG	B	0.08%
	MAA	B	0.08%
	BLDR	C	0.08%
	ESS	B	0.08%
	TDY	B	0.08%
	LNG	C	0.08%
	SQ	D	0.08%
	ILMN	C	0.08%
	ATO	B	0.08%
	WBD	D	0.08%
	MSTR	D	0.08%
	CINF	B	0.08%
	CMS	C	0.08%
	LDOS	B	0.08%
	SSNC	B	0.07%
	UAL	C	0.07%
	SWKS	D	0.07%
	WSO	C	0.07%
	TXT	D	0.07%
	STLD	F	0.07%
	ZM	C	0.07%
	IP	B	0.07%
	CTRA	D	0.07%
	CSL	B	0.07%
	LUV	C	0.07%
	CNP	C	0.07%
	J	C	0.07%
	WRB	C	0.07%
	SUI	B	0.07%
	AVTR	B	0.07%
	TRU	B	0.07%
	USFD	B	0.06%
	WPC	C	0.06%
	BG	D	0.06%
	TRMB	C	0.06%
	VTRS	D	0.06%
	AMH	C	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	ELS	C	0.06%
	RGA	C	0.06%
	EXPD	C	0.06%
	OC	D	0.06%
	NDSN	C	0.06%
	DLTR	F	0.06%
	L	C	0.06%
	SNA	C	0.06%
	CDW	D	0.06%
	HOOD	C	0.06%
	UTHR	C	0.06%
	VRSN	D	0.06%
	GEN	B	0.06%
	VLTO	C	0.06%
	RVTY	B	0.06%
	MRO	C	0.06%
	APO	C	0.06%
	LNT	B	0.06%
	NI	B	0.06%
	MKL	C	0.06%
	TOL	B	0.06%
	THC	A	0.06%
	FNF	B	0.06%
	RS	D	0.06%
	BMRN	F	0.06%
	EME	B	0.05%
	BLD	D	0.05%
	DKS	D	0.05%
	SCI	B	0.05%
	JBL	D	0.05%
	TECH	C	0.05%
	CASY	D	0.05%
	CW	B	0.05%
	RPM	B	0.05%
	EMN	B	0.05%
	CUBE	B	0.05%
	FFIV	B	0.05%
	JNPR	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	AES	C	0.05%
	ACM	B	0.05%
	NTAP	D	0.05%
	IBKR	B	0.05%
	GLPI	C	0.05%
	UHS	B	0.05%
	RNR	C	0.05%
	ZBRA	B	0.05%
	EVRG	B	0.05%
	FHN	D	0.04%
	NYT	C	0.04%
	APA	F	0.04%
	TTC	D	0.04%
	FTNT	C	0.04%
	CG	D	0.04%
	WAL	B	0.04%
	PRI	B	0.04%
	ORI	B	0.04%
	NNN	C	0.04%
	INGR	B	0.04%
	FYBR	C	0.04%
	EGP	B	0.04%
	HSIC	C	0.04%
	DRI	B	0.04%
	CNH	D	0.04%
	GPK	B	0.04%
	DPZ	F	0.04%
	EHC	C	0.04%
	MTCH	C	0.04%
	FOXA	B	0.04%
	Z	B	0.04%
	RGLD	C	0.04%
	CHK	D	0.04%
	AOS	D	0.04%
	PFGC	B	0.04%
	AFG	B	0.04%
	UNM	B	0.04%
	TTEK	C	0.04%
	SOLV	C	0.04%
	CVNA	B	0.04%
	WWD	D	0.04%
	WTRG	D	0.04%
	DOX	C	0.04%
	FWONK	C	0.04%
	ARMK	B	0.04%
	OHI	B	0.04%
	ATR	B	0.04%
	AFRM	C	0.04%
	CE	F	0.04%
	NLY	B	0.04%
	HII	D	0.04%
	NRG	C	0.04%
	NTNX	C	0.04%
	RRX	C	0.04%
	PNW	C	0.04%
	FTI	D	0.04%
	OVV	F	0.04%
	COHR	C	0.04%
	FBIN	B	0.04%
	QRVO	F	0.04%
	CACI	B	0.04%
	EPAM	F	0.04%
	CCK	A	0.04%
	RPRX	C	0.04%
	BJ	D	0.04%
	CTLT	B	0.04%
	NVT	D	0.04%
	REXR	C	0.04%
	EWBC	D	0.04%
	RIVN	F	0.04%
	ITT	B	0.04%
	NOV	F	0.03%
	FAST	C	0.03%
	CROX	D	0.03%
	CGNX	F	0.03%
	OKTA	F	0.03%
	STWD	B	0.03%
	BPOP	C	0.03%
	CART	A	0.03%
	VNO	B	0.03%
	RHI	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	MSA	D	0.03%
	VFC	C	0.03%
	CFR	C	0.03%
	OSK	F	0.03%
	PB	B	0.03%
	SNV	C	0.03%
	FAF	B	0.03%
	PR	F	0.03%
	RGEN	F	0.03%
	ARW	C	0.03%
	JAZZ	D	0.03%
	ZION	D	0.03%
	SEIC	C	0.03%
	GNTX	F	0.03%
	MTG	B	0.03%
	SOFI	C	0.03%
	WTFC	B	0.03%
	SWN	D	0.03%
	RRC	D	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	FICO	B	0.03%
	SSD	D	0.03%
	WCC	D	0.03%
	SAIC	C	0.03%
	KEX	C	0.03%
	MTZ	B	0.03%
	MIDD	D	0.03%
	LECO	F	0.03%
	ACHC	C	0.03%
	MKSI	F	0.03%
	HR	C	0.03%
	BWXT	D	0.03%
	CRUS	D	0.03%
	HRB	C	0.03%
	ELAN	D	0.03%
	EXAS	C	0.03%
	STAG	C	0.03%
	AGNC	B	0.03%
	ONTO	D	0.03%
	PNFP	B	0.03%
	HLI	B	0.03%
	DINO	F	0.03%
	FR	B	0.03%
	DTM	B	0.03%
	CR	C	0.03%
	CBSH	C	0.03%
	WSM	D	0.03%
	WEX	C	0.03%
	ALGN	D	0.03%
	LAD	D	0.03%
	FND	C	0.03%
	ADC	C	0.03%
	BRBR	C	0.03%
	ATI	C	0.03%
	KBR	D	0.03%
	COKE	C	0.03%
	GWRE	A	0.03%
	CMA	B	0.03%
	CHE	C	0.03%
	AXTA	B	0.03%
	BERY	B	0.03%
	MOH	D	0.03%
	JEF	B	0.03%
	VOYA	B	0.03%
	MNST	D	0.03%
	WBS	D	0.03%
	ALSN	B	0.03%
	AR	F	0.03%
	FCN	D	0.03%
	GMED	D	0.03%
	ALLY	F	0.03%
	APG	D	0.03%
	TKO	B	0.03%
	ACI	F	0.03%
	ROKU	C	0.03%
	AYI	B	0.03%
	PTC	D	0.03%
	X	F	0.03%
	CIEN	C	0.03%
	AA	D	0.03%
	BKNG	C	0.03%
	RBC	C	0.03%
	OGE	C	0.03%
	SKX	D	0.03%
	COLD	D	0.03%
	KNX	C	0.03%
	CHRD	F	0.03%
	TW	B	0.03%
	TWLO	D	0.03%
	JLL	B	0.03%
	BRX	B	0.03%
	LAMR	B	0.03%
	DCI	C	0.03%
	EVR	A	0.03%
	SNX	D	0.03%
	SF	A	0.03%
	WST	D	0.03%
	LITE	B	0.02%
	COTY	F	0.02%
	CLF	F	0.02%
	ALNY	C	0.02%
	PRGO	D	0.02%
	MPW	C	0.02%
	NEU	D	0.02%
	CIVI	F	0.02%
	DXC	C	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	UHAL	A	0.02%
	SITE	C	0.02%
	BILL	D	0.02%
	GFS	F	0.02%
	M	F	0.02%
	ROIV	C	0.02%
	DLB	D	0.02%
	BYD	C	0.02%
	GNRC	D	0.02%
	DBX	D	0.02%
	GAP	F	0.02%
	KRC	B	0.02%
	AN	D	0.02%
	ASH	D	0.02%
	CPRI	D	0.02%
	FLO	C	0.02%
	DOCS	B	0.02%
	EEFT	D	0.02%
	AGO	C	0.02%
	S	C	0.02%
	W	D	0.02%
	WTM	D	0.02%
	OZK	D	0.02%
	PII	D	0.02%
	SLGN	B	0.02%
	FRPT	B	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	AL	D	0.02%
	HOG	C	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	RYN	C	0.02%
	AZO	D	0.02%
	SAIA	D	0.02%
	JHG	B	0.02%
	OLED	C	0.02%
	CCCS	D	0.02%
	FOX	B	0.02%
	LNC	D	0.02%
	HXL	F	0.02%
	UGI	C	0.02%
	FNB	C	0.02%
	LBRDK	F	0.02%
	WSC	D	0.02%
	VNT	F	0.02%
	OLN	D	0.02%
	ST	D	0.02%
	COLB	B	0.02%
	THO	D	0.02%
	KD	D	0.02%
	WHR	D	0.02%
	ALK	C	0.02%
	IDA	C	0.02%
	ORLY	C	0.02%
	COIN	F	0.02%
	OGN	D	0.02%
	OMF	D	0.02%
	THG	B	0.02%
	TKR	D	0.02%
	MTDR	F	0.02%
	PVH	F	0.02%
	BC	C	0.02%
	XRAY	D	0.02%
	H	C	0.02%
	VMI	D	0.02%
	SN	B	0.02%
	NFG	B	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	GME	F	0.02%
	MDU	C	0.02%
	DAR	F	0.02%
	ESAB	C	0.02%
	WH	B	0.02%
	MTSI	D	0.02%
	AGCO	D	0.02%
	SRCL	A	0.02%
	POST	C	0.02%
	ESI	D	0.02%
	DASH	C	0.02%
	RITM	B	0.02%
	LEA	F	0.02%
	R	A	0.02%
	GXO	D	0.02%
	OLLI	C	0.02%
	RLI	B	0.02%
	AZPN	B	0.02%
	WMS	D	0.02%
	LFUS	C	0.02%
	FLS	D	0.02%
	AXS	B	0.02%
	SIRI	C	0.02%
	EXEL	C	0.01%
	LYFT	D	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	TRIP	F	0.01%
	PPC	D	0.01%
	WEN	C	0.01%
	UAA	C	0.01%
	UA	D	0.01%
	INFA	D	0.01%
	ALGM	F	0.01%
	GO	F	0.01%
	FTRE	D	0.01%
	AS	C	0.01%
	TER	D	0.01%
	MP	D	0.01%
	PSTG	F	0.01%
	BIRK	F	0.01%
	LEG	D	0.01%
	AZEK	C	0.01%
	BROS	D	0.01%
	LPX	B	0.01%
	IPGP	F	0.01%
	LEN	B	0.01%
	HAYW	C	0.01%
	SAM	F	0.01%
	REYN	C	0.01%
	VSTS	D	0.01%
	ADT	C	0.01%
	LLYVK	B	0.01%
	GLOB	D	0.01%
	KSS	F	0.01%
	QS	F	0.01%
	JWN	C	0.01%
	EXP	B	0.01%
	MASI	F	0.01%
	CNM	F	0.01%
	YETI	D	0.01%
	BOKF	B	0.01%
	HHH	C	0.01%
	CWEN	C	0.01%
	RCM	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	WU	F	0.01%
	ENOV	D	0.01%
	BRKR	D	0.01%
	SHC	C	0.01%
	AGR	B	0.01%
	CRI	D	0.01%
	VAC	F	0.01%
	SEE	D	0.01%
	BHF	F	0.01%
	PINC	C	0.01%
	AZTA	F	0.01%
	QDEL	D	0.01%
	CLVT	D	0.01%
	ZG	B	0.01%
	SPB	C	0.01%
	COLM	C	0.01%
	VNOM	C	0.01%
	PAG	D	0.01%
	RKT	C	0.01%
	LOPE	D	0.01%
	CXT	D	0.01%
	TNL	D	0.01%
	PK	D	0.01%
	VIRT	C	0.01%
	IRDM	D	0.01%
	SMG	C	0.01%
	FHB	D	0.01%
	CPRT	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	NXST	D	0.01%
	PAYC	D	0.01%
	PENN	D	0.01%
	CNXC	F	0.01%
	PLNT	B	0.01%
	U	D	0.01%
	NWL	C	0.01%
	ZI	D	0.01%
	LBTYA	B	0.01%
	SPR	D	0.01%
	NSA	B	0.01%
	MAN	C	0.01%
	HIW	B	0.01%
	NVST	D	0.01%
	AMKR	F	0.01%
	LCID	C	0.01%
	GTES	C	0.01%
	MSGS	B	0.01%
	LBTYK	B	0.01%
	DNB	C	0.01%
	TPG	B	0.01%
	HUN	D	0.01%
	KMPR	D	0.01%
	EPR	B	0.01%
	MSM	D	0.01%
	AWI	B	0.01%
	TYL	C	0.01%
	SEG	C	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	LAZ	B	0.0%
	NFE	F	0.0%
	GRAL	F	0.0%
	DJT	F	0.0%
	UHAL	A	0.0%
	IONS	F	0.0%
	UI	B	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	TFSL	C	0.0%
	TXG	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	SEB	D	0.0%
	LBRDA	F	0.0%
	LLYVA	B	0.0%
	PYCR	D	0.0%
	ALAB	D	0.0%
	NCNO	D	0.0%
	CWEN	C	0.0%
	FWONA	C	0.0%
	FIVE	D	0.0%
	DDS	F	0.0%
	WOLF	F	0.0%
	MTN	D	0.0%
	DV	F	0.0%
	CNA	C	0.0%

IWD Underweight 34 Positions Relative to EFIV

	Symbol	Grade	Weight
	AAPL	C	-9.5%
	MSFT	C	-9.39%
	NVDA	D	-8.67%
	GOOGL	D	-2.69%
	GOOG	D	-2.25%
	LLY	C	-2.21%
	TSLA	C	-1.89%
	V	C	-1.33%
	MA	B	-1.2%
	COST	B	-1.2%
	MRK	D	-0.86%
	ADBE	F	-0.78%
	UBER	C	-0.42%
	AMT	C	-0.33%
	LRCX	F	-0.29%
	KLAC	D	-0.29%
	WM	D	-0.23%
	CMG	C	-0.23%
	MCO	B	-0.22%
	ADSK	C	-0.16%
	TEL	D	-0.13%
	IDXX	C	-0.12%
	VRSK	D	-0.11%
	TRGP	B	-0.1%
	TSCO	C	-0.09%
	LULU	D	-0.09%
	AXON	B	-0.08%
	CPAY	B	-0.07%
	DECK	C	-0.07%
	EXPE	C	-0.05%
	POOL	C	-0.04%
	LVS	D	-0.04%
	NCLH	C	-0.02%
	DVA	B	-0.02%

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 Medicine Beverage Biotechnology Dow Jones Component

EFIV: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Banks - Regional - US Capital Markets Packaged Foods Asset Management Diagnostics & Research Drug Manufacturers - Major Credit Services Specialty Chemicals Health Care Plans Leisure Medical Devices Software - Application Specialty Retail Insurance - Life Medical Instruments & Supplies Oil & Gas E&P Semiconductors Agricultural Inputs

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Dow Jones Component Bank Banking Chemical Medicine Real Estate Investment Trust Investment Bank Computing Insurance Products Mining Petroleum Industry Disability Electronics Beverage Cash Management Financial Products