IWD vs. FAB ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to First Trust Multi Cap Value AlphaDEX Fund (FAB)

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 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$197.59

Average Daily Volume

1,590,725

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$88.95

Average Daily Volume

2,527

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FAB
30 Days	3.47%	6.40%
60 Days	4.83%	5.80%
90 Days	6.89%	6.32%
12 Months	29.46%	27.56%

348 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in FAB	Overlap
AAP	C	0.01%	0.18%	0.01%
ACN	C	0.86%	0.09%	0.09%
ADM	D	0.1%	0.38%	0.1%
AEE	A	0.09%	0.36%	0.09%
AEP	D	0.2%	0.23%	0.2%
AFG	A	0.04%	0.05%	0.04%
AFL	B	0.24%	0.25%	0.24%
AGCO	D	0.02%	0.08%	0.02%
AGO	B	0.02%	0.25%	0.02%
AIG	B	0.19%	0.45%	0.19%
AIZ	A	0.04%	0.09%	0.04%
AKAM	D	0.05%	0.22%	0.05%
AL	B	0.02%	0.23%	0.02%
ALK	C	0.03%	0.15%	0.03%
ALLY	C	0.03%	0.36%	0.03%
AMG	B	0.02%	0.23%	0.02%
AMKR	D	0.01%	0.15%	0.01%
AN	C	0.02%	0.12%	0.02%
APA	D	0.03%	0.2%	0.03%
APD	A	0.27%	0.09%	0.09%
APTV	D	0.06%	0.33%	0.06%
AR	B	0.03%	0.09%	0.03%
ARE	D	0.07%	0.16%	0.07%
ARW	D	0.02%	0.15%	0.02%
ASH	D	0.01%	0.12%	0.01%
ATO	A	0.08%	0.36%	0.08%
AVT	C	0.02%	0.17%	0.02%
AWK	D	0.1%	0.08%	0.08%
AXS	A	0.03%	0.14%	0.03%
BAC	A	1.23%	0.3%	0.3%
BBWI	D	0.03%	0.17%	0.03%
BBY	D	0.08%	0.23%	0.08%
BC	C	0.02%	0.12%	0.02%
BEN	C	0.02%	0.18%	0.02%
BERY	B	0.03%	0.14%	0.03%
BG	F	0.05%	0.4%	0.05%
BHF	B	0.01%	0.03%	0.01%
BIIB	F	0.09%	0.22%	0.09%
BJ	A	0.04%	0.05%	0.04%
BKR	B	0.17%	0.3%	0.17%
BLDR	D	0.07%	0.24%	0.07%
BOKF	B	0.01%	0.09%	0.01%
BPOP	B	0.02%	0.04%	0.02%
BWA	D	0.03%	0.2%	0.03%
BYD	C	0.02%	0.15%	0.02%
C	A	0.51%	0.38%	0.38%
CAG	D	0.05%	0.07%	0.05%
CAR	C	0.0%	0.06%	0.0%
CARR	D	0.24%	0.16%	0.16%
CB	C	0.45%	0.35%	0.35%
CC	C	0.01%	0.02%	0.01%
CE	F	0.02%	0.24%	0.02%
CF	B	0.06%	0.35%	0.06%
CFG	B	0.08%	0.4%	0.08%
CHRD	D	0.03%	0.22%	0.03%
CHTR	C	0.14%	0.31%	0.14%
CI	F	0.32%	0.08%	0.08%
CINF	A	0.09%	0.48%	0.09%
CIVI	D	0.01%	0.22%	0.01%
CLF	F	0.01%	0.15%	0.01%
CMA	A	0.04%	0.1%	0.04%
CMCSA	B	0.64%	0.45%	0.45%
CMI	A	0.19%	0.1%	0.1%
CMS	C	0.08%	0.17%	0.08%
CNC	D	0.12%	0.27%	0.12%
CNP	B	0.08%	0.36%	0.08%
CNXC	F	0.01%	0.17%	0.01%
COF	B	0.27%	0.43%	0.27%
COLB	A	0.03%	0.15%	0.03%
COLM	B	0.01%	0.09%	0.01%
COP	C	0.51%	0.47%	0.47%
CPB	D	0.03%	0.08%	0.03%
CRI	D	0.01%	0.06%	0.01%
CRL	C	0.04%	0.09%	0.04%
CSCO	B	0.91%	0.19%	0.19%
CSX	B	0.27%	0.18%	0.18%
CTRA	B	0.07%	0.46%	0.07%
CTSH	B	0.15%	0.37%	0.15%
CTVA	C	0.15%	0.08%	0.08%
CUZ	B	0.02%	0.09%	0.02%
CVS	D	0.26%	0.38%	0.26%
CVX	A	1.08%	0.48%	0.48%
CWEN	C	0.0%	0.02%	0.0%
CWEN	C	0.01%	0.02%	0.01%
CXT	B	0.01%	0.05%	0.01%
CZR	F	0.03%	0.04%	0.03%
D	C	0.19%	0.25%	0.19%
DAL	C	0.16%	0.56%	0.16%
DAR	C	0.03%	0.19%	0.03%
DD	D	0.13%	0.08%	0.08%
DDS	B	0.01%	0.19%	0.01%
DE	A	0.39%	0.24%	0.24%
DG	F	0.06%	0.32%	0.06%
DGX	A	0.07%	0.26%	0.07%
DHI	D	0.19%	0.3%	0.19%
DINO	D	0.03%	0.21%	0.03%
DIS	B	0.82%	0.2%	0.2%
DNB	B	0.01%	0.05%	0.01%
DOC	D	0.06%	0.16%	0.06%
DOW	F	0.12%	0.21%	0.12%
DRI	B	0.04%	0.18%	0.04%
DTE	C	0.1%	0.24%	0.1%
DUK	C	0.34%	0.24%	0.24%
DVN	F	0.09%	0.44%	0.09%
DXC	B	0.01%	0.18%	0.01%
EBAY	D	0.12%	0.24%	0.12%
ED	D	0.13%	0.32%	0.13%
EG	C	0.05%	0.41%	0.05%
EIX	B	0.12%	0.16%	0.12%
ELV	F	0.3%	0.14%	0.14%
EMN	D	0.05%	0.12%	0.05%
ENOV	C	0.01%	0.05%	0.01%
EOG	A	0.3%	0.48%	0.3%
EPAM	C	0.05%	0.05%	0.05%
EQR	B	0.11%	0.25%	0.11%
EQT	B	0.09%	0.41%	0.09%
ETR	B	0.12%	0.39%	0.12%
EVRG	A	0.06%	0.17%	0.06%
EXC	C	0.15%	0.33%	0.15%
EXPD	D	0.06%	0.08%	0.06%
F	C	0.17%	0.46%	0.17%
FAF	A	0.03%	0.04%	0.03%
FANG	D	0.13%	0.37%	0.13%
FBIN	D	0.04%	0.04%	0.04%
FDX	B	0.26%	0.37%	0.26%
FE	C	0.09%	0.16%	0.09%
FHB	A	0.01%	0.06%	0.01%
FHN	A	0.04%	0.17%	0.04%
FITB	A	0.12%	0.28%	0.12%
FIVE	F	0.0%	0.09%	0.0%
FMC	D	0.03%	0.18%	0.03%
FNB	A	0.02%	0.15%	0.02%
FNF	B	0.06%	0.17%	0.06%
FOXA	B	0.04%	0.49%	0.04%
FTV	C	0.1%	0.08%	0.08%
G	B	0.03%	0.2%	0.03%
GD	F	0.31%	0.08%	0.08%
GIS	D	0.14%	0.15%	0.14%
GL	B	0.04%	0.13%	0.04%
GM	B	0.25%	0.56%	0.25%
GO	C	0.01%	0.05%	0.01%
GPC	D	0.07%	0.15%	0.07%
GXO	B	0.03%	0.05%	0.03%
HAL	C	0.1%	0.45%	0.1%
HAYW	B	0.01%	0.03%	0.01%
HBAN	A	0.1%	0.42%	0.1%
HD	A	0.32%	0.09%	0.09%
HIG	B	0.13%	0.35%	0.13%
HII	D	0.03%	0.1%	0.03%
HIW	D	0.01%	0.09%	0.01%
HOG	D	0.02%	0.18%	0.02%
HOLX	D	0.07%	0.08%	0.07%
HPE	B	0.11%	0.46%	0.11%
HPQ	A	0.11%	0.18%	0.11%
HRL	D	0.03%	0.24%	0.03%
HSIC	B	0.03%	0.04%	0.03%
HST	C	0.05%	0.17%	0.05%
HSY	F	0.08%	0.16%	0.08%
HUM	C	0.13%	0.16%	0.13%
IAC	D	0.01%	0.04%	0.01%
IDA	A	0.02%	0.1%	0.02%
IEX	B	0.07%	0.09%	0.07%
INGR	B	0.04%	0.14%	0.04%
INTC	D	0.4%	0.37%	0.37%
IP	B	0.08%	0.3%	0.08%
IPG	D	0.04%	0.08%	0.04%
IPGP	D	0.01%	0.07%	0.01%
IVZ	B	0.03%	0.04%	0.03%
J	F	0.07%	0.09%	0.07%
JAZZ	B	0.03%	0.19%	0.03%
JBHT	C	0.06%	0.19%	0.06%
JBL	B	0.05%	0.14%	0.05%
JEF	A	0.04%	0.05%	0.04%
JNJ	D	1.45%	0.16%	0.16%
JWN	C	0.01%	0.09%	0.01%
KDP	D	0.14%	0.16%	0.14%
KEY	B	0.07%	0.2%	0.07%
KEYS	A	0.1%	0.08%	0.08%
KHC	F	0.11%	0.23%	0.11%
KIM	A	0.06%	0.19%	0.06%
KMI	A	0.21%	0.42%	0.21%
KNX	B	0.03%	0.09%	0.03%
KR	B	0.15%	0.36%	0.15%
KRC	C	0.02%	0.18%	0.02%
KSS	F	0.01%	0.11%	0.01%
L	A	0.06%	0.37%	0.06%
LAD	A	0.04%	0.2%	0.04%
LBRDK	C	0.03%	0.2%	0.03%
LEA	D	0.02%	0.19%	0.02%
LEN	D	0.01%	0.4%	0.01%
LEN	D	0.16%	0.4%	0.16%
LFUS	F	0.02%	0.04%	0.02%
LH	C	0.08%	0.09%	0.08%
LHX	C	0.18%	0.09%	0.09%
LKQ	D	0.04%	0.13%	0.04%
LMT	D	0.3%	0.08%	0.08%
LNC	B	0.02%	0.19%	0.02%
LNG	B	0.09%	0.41%	0.09%
LNT	A	0.06%	0.25%	0.06%
LOW	D	0.6%	0.08%	0.08%
LPX	B	0.01%	0.09%	0.01%
LSTR	D	0.03%	0.04%	0.03%
LUV	C	0.08%	0.28%	0.08%
LYB	F	0.08%	0.38%	0.08%
M	D	0.02%	0.17%	0.02%
MAA	B	0.07%	0.08%	0.07%
MAS	D	0.07%	0.08%	0.07%
MAT	D	0.02%	0.04%	0.02%
MDLZ	F	0.34%	0.08%	0.08%
MDT	D	0.44%	0.08%	0.08%
MDU	D	0.01%	0.16%	0.01%
MGM	D	0.03%	0.04%	0.03%
MIDD	C	0.03%	0.08%	0.03%
MOH	F	0.02%	0.16%	0.02%
MOS	F	0.03%	0.17%	0.03%
MPC	D	0.22%	0.42%	0.22%
MS	A	0.57%	0.32%	0.32%
MSM	C	0.01%	0.09%	0.01%
MTB	A	0.14%	0.31%	0.14%
MTDR	B	0.02%	0.26%	0.02%
MTG	C	0.03%	0.21%	0.03%
NDSN	B	0.06%	0.08%	0.06%
NFE	D	0.0%	0.22%	0.0%
NFG	A	0.02%	0.17%	0.02%
NI	A	0.06%	0.27%	0.06%
NKE	D	0.14%	0.07%	0.07%
NOV	C	0.02%	0.22%	0.02%
NUE	C	0.14%	0.43%	0.14%
NVR	D	0.1%	0.17%	0.1%
NWSA	B	0.04%	0.19%	0.04%
NXST	C	0.01%	0.13%	0.01%
OC	A	0.07%	0.39%	0.07%
OGE	B	0.03%	0.13%	0.03%
OGN	D	0.02%	0.1%	0.02%
OKE	A	0.25%	0.21%	0.21%
OLN	D	0.02%	0.11%	0.02%
OMC	C	0.07%	0.09%	0.07%
OMF	A	0.02%	0.15%	0.02%
ON	D	0.11%	0.32%	0.11%
ORI	A	0.04%	0.09%	0.04%
OSK	B	0.03%	0.24%	0.03%
OVV	B	0.04%	0.25%	0.04%
OXY	D	0.13%	0.43%	0.13%
OZK	B	0.02%	0.19%	0.02%
PAG	B	0.01%	0.13%	0.01%
PB	A	0.03%	0.1%	0.03%
PCAR	B	0.22%	0.51%	0.22%
PEP	F	0.18%	0.08%	0.08%
PFG	D	0.08%	0.09%	0.08%
PFGC	B	0.04%	0.05%	0.04%
PHM	D	0.1%	0.39%	0.1%
PII	D	0.01%	0.1%	0.01%
PINC	B	0.01%	0.14%	0.01%
PK	B	0.01%	0.13%	0.01%
PKG	A	0.08%	0.19%	0.08%
PNC	B	0.32%	0.2%	0.2%
PNFP	B	0.04%	0.05%	0.04%
PNW	B	0.04%	0.18%	0.04%
POST	C	0.02%	0.12%	0.02%
PPG	F	0.11%	0.16%	0.11%
PPL	B	0.1%	0.26%	0.1%
PRGO	B	0.01%	0.04%	0.01%
PRU	A	0.18%	0.18%	0.18%
PSX	C	0.21%	0.43%	0.21%
PVH	C	0.02%	0.22%	0.02%
PYPL	B	0.34%	0.09%	0.09%
R	B	0.03%	0.2%	0.03%
REYN	D	0.01%	0.08%	0.01%
RF	A	0.09%	0.29%	0.09%
RGA	A	0.06%	0.18%	0.06%
RHI	B	0.03%	0.05%	0.03%
RJF	A	0.12%	0.23%	0.12%
RNR	C	0.05%	0.2%	0.05%
RRC	B	0.03%	0.19%	0.03%
RS	B	0.07%	0.47%	0.07%
RYN	D	0.02%	0.04%	0.02%
SAM	C	0.01%	0.03%	0.01%
SBUX	A	0.1%	0.09%	0.09%
SEB	F	0.0%	0.11%	0.0%
SEE	C	0.01%	0.04%	0.01%
SEIC	B	0.03%	0.1%	0.03%
SJM	D	0.04%	0.12%	0.04%
SKX	D	0.03%	0.08%	0.03%
SLB	C	0.24%	0.36%	0.24%
SLGN	A	0.02%	0.09%	0.02%
SLM	A	0.02%	0.09%	0.02%
SNA	A	0.07%	0.32%	0.07%
SNDR	B	0.01%	0.08%	0.01%
SNX	C	0.03%	0.12%	0.03%
SOLV	C	0.04%	0.17%	0.04%
SON	D	0.02%	0.12%	0.02%
SPB	C	0.01%	0.07%	0.01%
SRE	A	0.23%	0.38%	0.23%
SSNC	B	0.06%	0.17%	0.06%
STLD	B	0.08%	0.48%	0.08%
STT	A	0.11%	0.27%	0.11%
STWD	C	0.02%	0.04%	0.02%
SWKS	F	0.05%	0.3%	0.05%
SYF	B	0.1%	0.57%	0.1%
SYY	B	0.06%	0.24%	0.06%
T	A	0.63%	0.44%	0.44%
TAP	C	0.04%	0.23%	0.04%
TDY	B	0.08%	0.28%	0.08%
TGT	F	0.27%	0.25%	0.25%
THO	B	0.02%	0.13%	0.02%
TKR	D	0.02%	0.08%	0.02%
TOL	B	0.06%	0.43%	0.06%
TPR	B	0.05%	0.05%	0.05%
TROW	B	0.1%	0.48%	0.1%
TRV	B	0.23%	0.28%	0.23%
TSN	B	0.07%	0.19%	0.07%
TTC	D	0.03%	0.04%	0.03%
TXT	D	0.06%	0.25%	0.06%
UAL	A	0.12%	0.7%	0.12%
UGI	A	0.02%	0.2%	0.02%
UHAL	D	0.0%	0.07%	0.0%
UHAL	D	0.01%	0.07%	0.01%
UHS	D	0.05%	0.15%	0.05%
ULTA	F	0.01%	0.25%	0.01%
UNM	A	0.05%	0.21%	0.05%
UPS	C	0.38%	0.08%	0.08%
USB	A	0.3%	0.28%	0.28%
VAC	B	0.01%	0.13%	0.01%
VLO	C	0.17%	0.45%	0.17%
VNT	B	0.02%	0.1%	0.02%
VOYA	B	0.03%	0.04%	0.03%
VSTS	C	0.01%	0.09%	0.01%
VTRS	A	0.06%	0.38%	0.06%
VZ	C	0.68%	0.32%	0.32%
WAL	B	0.04%	0.05%	0.04%
WBS	A	0.04%	0.17%	0.04%
WCC	B	0.03%	0.16%	0.03%
WEC	A	0.12%	0.17%	0.12%
WFC	A	1.01%	0.45%	0.45%
WHR	B	0.02%	0.14%	0.02%
WLK	D	0.02%	0.15%	0.02%
WPC	D	0.05%	0.08%	0.05%
WRB	A	0.07%	0.09%	0.07%
WTFC	A	0.03%	0.1%	0.03%
WTRG	B	0.04%	0.09%	0.04%
WU	D	0.01%	0.11%	0.01%
WY	D	0.09%	0.08%	0.08%
XEL	A	0.15%	0.37%	0.15%
XOM	B	2.08%	0.45%	0.45%
YETI	C	0.01%	0.05%	0.01%
ZBH	C	0.09%	0.35%	0.09%
ZION	B	0.03%	0.16%	0.03%
ZM	B	0.08%	0.21%	0.08%

IWD Overweight 517 Positions Relative to FAB

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
UNH	C	1.98%
WMT	A	1.42%
PG	A	1.21%
LIN	D	0.84%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
IBM	C	0.73%
ABBV	D	0.65%
TXN	C	0.63%
CAT	B	0.63%
NEE	D	0.61%
SPGI	C	0.61%
RTX	C	0.61%
BLK	C	0.6%
GE	D	0.59%
DHR	F	0.58%
ETN	A	0.56%
PFE	D	0.55%
GS	A	0.53%
BSX	B	0.5%
HON	B	0.49%
TMUS	B	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
SYK	C	0.39%
AXP	A	0.39%
MMC	B	0.37%
MO	A	0.37%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
ICE	C	0.34%
CME	A	0.32%
WELL	A	0.32%
FI	A	0.32%
EQIX	A	0.31%
BA	F	0.31%
AMD	F	0.29%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
REGN	F	0.28%
EMR	A	0.28%
NOC	D	0.27%
WMB	A	0.27%
MRVL	B	0.27%
CRH	A	0.26%
MAR	B	0.25%
BDX	F	0.25%
TT	A	0.24%
FCX	D	0.24%
TFC	A	0.24%
DLR	B	0.23%
MMM	D	0.23%
ROP	B	0.23%
NSC	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
VRTX	F	0.23%
TJX	A	0.22%
JCI	C	0.22%
BK	A	0.22%
TDG	D	0.21%
ITW	B	0.2%
HCA	F	0.19%
MET	A	0.19%
O	D	0.19%
FIS	C	0.19%
MSTR	C	0.19%
PSA	D	0.18%
CCI	D	0.18%
KVUE	A	0.18%
CRM	B	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
EA	A	0.17%
SPG	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	A	0.17%
MCK	B	0.17%
PCG	A	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
IR	B	0.16%
URI	B	0.16%
MSI	B	0.16%
A	D	0.15%
FERG	B	0.15%
STZ	D	0.15%
APH	A	0.14%
ROST	C	0.14%
GLW	B	0.14%
RCL	A	0.14%
ACGL	D	0.14%
GRMN	B	0.13%
NDAQ	A	0.13%
AVB	B	0.13%
PWR	A	0.13%
EW	C	0.13%
VICI	C	0.13%
MCHP	F	0.13%
AMGN	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
WAB	B	0.13%
CL	D	0.13%
EXR	D	0.13%
GPN	B	0.12%
HLT	A	0.12%
ROK	B	0.12%
DELL	C	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WTW	B	0.12%
SQ	A	0.11%
VMC	B	0.11%
DOV	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
XYL	D	0.11%
PAYX	C	0.11%
RMD	C	0.1%
MTD	D	0.1%
VTR	C	0.1%
FCNCA	A	0.1%
KMB	D	0.1%
CHD	B	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
YUM	B	0.09%
HUBB	B	0.09%
PGR	A	0.09%
SBAC	D	0.09%
CCL	B	0.09%
EFX	F	0.09%
COO	D	0.08%
FSLR	F	0.08%
WDC	D	0.08%
INVH	D	0.08%
K	A	0.08%
CBOE	B	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
EXE	B	0.08%
APO	B	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
MKL	A	0.07%
CVNA	B	0.07%
TRMB	B	0.07%
PNR	A	0.07%
TRU	D	0.07%
CSL	C	0.07%
WSO	A	0.07%
MKC	D	0.07%
BALL	D	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
ESS	B	0.07%
EWBC	A	0.06%
VRSN	F	0.06%
HES	B	0.06%
IRM	D	0.06%
ACM	B	0.06%
UDR	B	0.06%
BRO	B	0.06%
THC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
GGG	B	0.06%
SUI	D	0.06%
ZBRA	B	0.06%
UTHR	C	0.06%
MRO	B	0.06%
GEN	B	0.06%
BAX	D	0.06%
Z	A	0.05%
SOFI	A	0.05%
CAH	B	0.05%
CDW	F	0.05%
FDS	B	0.05%
MRNA	F	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
SCI	B	0.05%
NVT	B	0.05%
NTNX	A	0.05%
FTI	A	0.05%
ALLE	D	0.05%
ALB	C	0.05%
CASY	A	0.05%
BXP	D	0.05%
CPT	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
JKHY	D	0.05%
AMH	D	0.05%
GLPI	C	0.05%
CHRW	C	0.05%
DLTR	F	0.05%
ELS	C	0.05%
AFRM	A	0.05%
SWK	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
NTAP	C	0.05%
RVTY	F	0.05%
REG	B	0.05%
CW	B	0.05%
FFIV	B	0.05%
VLTO	D	0.05%
EME	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TW	A	0.04%
WST	C	0.04%
GMED	A	0.04%
TFX	F	0.04%
REXR	F	0.04%
BWXT	B	0.04%
DCI	B	0.04%
RGLD	C	0.04%
EL	F	0.04%
BRBR	A	0.04%
FRT	B	0.04%
CNH	C	0.04%
COIN	C	0.04%
MKTX	D	0.04%
CIEN	B	0.04%
DOX	D	0.04%
DPZ	C	0.04%
DTM	B	0.04%
ARMK	B	0.04%
EHC	B	0.04%
AES	F	0.04%
NLY	C	0.04%
AVY	D	0.04%
OHI	C	0.04%
GME	C	0.04%
RPRX	D	0.04%
DKS	C	0.04%
DAY	B	0.04%
ALSN	B	0.04%
AYI	B	0.04%
BLD	D	0.04%
WWD	B	0.04%
CACI	D	0.04%
PRI	A	0.04%
BKNG	A	0.04%
TECH	D	0.04%
CCK	C	0.04%
EVR	B	0.04%
CTLT	B	0.04%
CUBE	D	0.04%
FWONK	B	0.04%
FTNT	C	0.04%
ATR	B	0.04%
QCOM	F	0.04%
CG	A	0.04%
AA	B	0.04%
RRX	B	0.04%
NRG	B	0.04%
AMAT	F	0.04%
INCY	C	0.04%
KMX	B	0.04%
SF	B	0.04%
CGNX	C	0.03%
BILL	A	0.03%
OKTA	C	0.03%
STAG	F	0.03%
AZPN	A	0.03%
WEX	D	0.03%
HR	C	0.03%
GWW	B	0.03%
VMI	B	0.03%
MKSI	C	0.03%
WSM	B	0.03%
WH	B	0.03%
HRB	D	0.03%
FCN	D	0.03%
FND	C	0.03%
MTSI	B	0.03%
RLI	B	0.03%
SSD	D	0.03%
FR	D	0.03%
ATI	D	0.03%
ALGN	F	0.03%
GNTX	C	0.03%
ELAN	D	0.03%
ESAB	B	0.03%
VFC	C	0.03%
AGNC	D	0.03%
VNO	B	0.03%
KBR	F	0.03%
CART	C	0.03%
COKE	C	0.03%
MHK	D	0.03%
FAST	B	0.03%
LW	C	0.03%
ROKU	D	0.03%
CHE	D	0.03%
DASH	A	0.03%
MNST	C	0.03%
ADC	B	0.03%
KEX	C	0.03%
PR	B	0.03%
NNN	D	0.03%
FLS	B	0.03%
SHW	A	0.03%
MTCH	D	0.03%
ACI	C	0.03%
SNV	B	0.03%
X	C	0.03%
ECL	D	0.03%
TKO	B	0.03%
APG	B	0.03%
CFR	B	0.03%
LECO	B	0.03%
LAMR	D	0.03%
WAT	B	0.03%
RIVN	F	0.03%
FICO	B	0.03%
EGP	F	0.03%
RL	B	0.03%
GPK	C	0.03%
NYT	C	0.03%
MTZ	B	0.03%
CR	A	0.03%
JLL	D	0.03%
CBSH	A	0.03%
FYBR	D	0.03%
WYNN	D	0.03%
GWRE	A	0.03%
BRX	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
AOS	F	0.03%
ADP	B	0.03%
HLI	B	0.03%
AXTA	A	0.03%
RBC	A	0.03%
PTC	A	0.03%
LINE	F	0.02%
SITE	D	0.02%
FLO	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
PAYC	B	0.02%
GFS	C	0.02%
DLB	B	0.02%
KMPR	B	0.02%
GAP	B	0.02%
AWI	A	0.02%
PSN	D	0.02%
WSC	D	0.02%
EEFT	B	0.02%
DBX	B	0.02%
AZO	C	0.02%
ST	F	0.02%
FRPT	B	0.02%
CROX	D	0.02%
ROIV	C	0.02%
WTM	A	0.02%
HXL	D	0.02%
AMP	A	0.02%
BFAM	D	0.02%
SN	D	0.02%
CCCS	B	0.02%
CRUS	D	0.02%
LITE	B	0.02%
EXAS	D	0.02%
GNRC	B	0.02%
ORLY	B	0.02%
RITM	C	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
FOX	A	0.02%
H	B	0.02%
WMS	D	0.02%
JHG	A	0.02%
SAIA	B	0.02%
THG	A	0.02%
ONTO	D	0.02%
RGEN	D	0.02%
S	B	0.02%
WBA	F	0.02%
BIO	D	0.02%
QRVO	F	0.02%
SAIC	F	0.02%
COLD	D	0.02%
ESI	A	0.02%
SIRI	C	0.02%
KD	B	0.02%
MSA	D	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
TRIP	F	0.01%
TER	D	0.01%
FTRE	D	0.01%
LEG	F	0.01%
WEN	D	0.01%
EXEL	B	0.01%
UA	B	0.01%
QS	F	0.01%
CLVT	F	0.01%
BIRK	D	0.01%
ALAB	B	0.01%
PSTG	D	0.01%
PPC	C	0.01%
QDEL	F	0.01%
AZEK	A	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
LCID	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	A	0.01%
LYFT	C	0.01%
BRKR	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	0.01%
RCM	F	0.01%
AZTA	D	0.01%
BR	A	0.01%
ALGM	D	0.01%
MP	B	0.01%
CPRI	F	0.01%
HHH	B	0.01%
EXP	A	0.01%
AGR	B	0.01%
MPW	F	0.01%
COTY	F	0.01%
CNM	D	0.01%
VIRT	B	0.01%
ECG	C	0.01%
U	C	0.01%
AMED	F	0.01%
MAN	D	0.01%
SNRE	D	0.01%
NSA	D	0.01%
LLYVK	A	0.01%
IRDM	D	0.01%
BROS	B	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
SMG	D	0.01%
LOPE	B	0.01%
ZI	D	0.01%
HUN	F	0.01%
AM	A	0.01%
EPR	D	0.01%
MASI	A	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	A	0.01%
ACHC	F	0.01%
NVST	B	0.01%
NWS	A	0.01%
W	F	0.01%
VNOM	A	0.01%
TNL	A	0.01%
XRAY	F	0.01%
NWL	B	0.01%
MSGS	A	0.01%
NEU	C	0.01%
RH	B	0.01%
PLNT	A	0.01%
CTAS	B	0.01%
OLED	D	0.01%
TYL	C	0.01%
LOAR	A	0.0%
UWMC	D	0.0%
SEG	B	0.0%
PARAA	B	0.0%
IONS	F	0.0%
LAZ	B	0.0%
GRAL	C	0.0%
TXG	F	0.0%
CACC	D	0.0%
PLTK	B	0.0%
DJT	C	0.0%
CHH	A	0.0%
UI	A	0.0%
TFSL	A	0.0%
PATH	C	0.0%
WOLF	F	0.0%
LSCC	D	0.0%
HCP	B	0.0%
MTN	C	0.0%
CNA	B	0.0%
PYCR	C	0.0%
HAS	D	0.0%
FWONA	B	0.0%
AS	B	0.0%
CERT	F	0.0%
DV	C	0.0%
LBRDA	C	0.0%
NCNO	B	0.0%

IWD Underweight 320 Positions Relative to FAB

Symbol	Grade	Weight
CRBG	B	-0.37%
NOG	A	-0.25%
CNX	A	-0.25%
JXN	C	-0.24%
SM	B	-0.24%
HP	B	-0.24%
STX	D	-0.23%
ATKR	C	-0.23%
PTEN	C	-0.23%
CMC	B	-0.23%
AMR	C	-0.22%
TMHC	B	-0.22%
PBF	D	-0.22%
URBN	C	-0.22%
HCC	B	-0.22%
CADE	B	-0.21%
CXW	B	-0.21%
MUR	D	-0.21%
RDN	C	-0.21%
TEX	D	-0.21%
LBRT	D	-0.2%
RIOT	C	-0.2%
MATX	C	-0.2%
RUSHA	C	-0.2%
TPH	D	-0.2%
ESNT	D	-0.19%
MTH	D	-0.19%
CNO	A	-0.19%
MGY	A	-0.19%
MHO	D	-0.19%
OTTR	C	-0.18%
GBDC	C	-0.18%
HRI	B	-0.18%
BKH	A	-0.18%
ADTN	A	-0.18%
COOP	B	-0.18%
ASO	F	-0.18%
GPI	A	-0.18%
POR	C	-0.17%
SR	A	-0.17%
BCC	B	-0.17%
KBH	D	-0.16%
BMBL	D	-0.16%
SUM	B	-0.16%
GBX	A	-0.16%
SIG	B	-0.16%
SANM	B	-0.15%
CTOS	C	-0.15%
ECVT	C	-0.15%
CUBI	B	-0.15%
BFH	B	-0.15%
JBT	B	-0.15%
HTZ	C	-0.15%
RIG	D	-0.14%
KMT	B	-0.14%
EIG	B	-0.14%
TALO	C	-0.14%
DNOW	B	-0.14%
ULH	B	-0.14%
ABG	B	-0.14%
GMS	B	-0.14%
TGNA	B	-0.14%
VTLE	C	-0.14%
VLY	B	-0.14%
CABO	C	-0.14%
REZI	A	-0.13%
GIII	D	-0.13%
WS	B	-0.13%
BTU	B	-0.13%
KOS	F	-0.13%
CRGY	B	-0.13%
SPNT	A	-0.13%
IART	C	-0.13%
OGS	A	-0.13%
APLE	B	-0.13%
RLJ	B	-0.13%
TDS	B	-0.13%
GT	C	-0.13%
GPOR	B	-0.13%
HELE	C	-0.13%
SWX	B	-0.13%
GEF	A	-0.13%
RES	D	-0.12%
BY	B	-0.12%
ZD	B	-0.12%
PEBO	A	-0.12%
PRDO	B	-0.12%
AVA	A	-0.12%
TRMK	B	-0.12%
EPC	D	-0.12%
VC	D	-0.12%
INDB	B	-0.12%
IMKTA	C	-0.12%
SHO	C	-0.12%
ENS	D	-0.12%
PARR	D	-0.12%
PLAB	C	-0.12%
INVA	D	-0.12%
UVV	B	-0.12%
AEO	F	-0.11%
VSH	D	-0.11%
MRC	B	-0.11%
CCS	D	-0.11%
WMK	C	-0.11%
SAH	A	-0.11%
DBRG	F	-0.11%
WKC	D	-0.11%
USM	B	-0.11%
PHIN	A	-0.11%
EBC	B	-0.11%
GHC	C	-0.11%
FOR	F	-0.11%
CAL	D	-0.11%
FFBC	A	-0.11%
NWE	A	-0.1%
ODFL	B	-0.1%
CRC	A	-0.1%
ABCB	B	-0.1%
ABR	C	-0.1%
OEC	C	-0.1%
MLKN	D	-0.1%
NAVI	C	-0.1%
PRG	C	-0.1%
UBSI	B	-0.1%
EQC	B	-0.1%
NWN	A	-0.1%
LZB	B	-0.1%
BV	B	-0.1%
CENTA	C	-0.1%
HWC	B	-0.1%
LADR	B	-0.1%
BECN	B	-0.1%
SBH	C	-0.1%
GEO	B	-0.1%
CVI	F	-0.1%
HGV	B	-0.1%
SCSC	B	-0.1%
VSCO	B	-0.1%
HOV	D	-0.1%
DRH	B	-0.1%
CMCO	B	-0.1%
AMWD	C	-0.1%
GES	F	-0.1%
MLI	C	-0.1%
FRME	B	-0.09%
TNET	D	-0.09%
PFBC	B	-0.09%
CLX	B	-0.09%
UFPI	B	-0.09%
ALKS	B	-0.09%
KFY	B	-0.09%
WSBC	B	-0.09%
CATY	B	-0.09%
CRK	B	-0.09%
SASR	B	-0.09%
CASH	A	-0.09%
BNL	D	-0.09%
PDCO	D	-0.09%
PLYA	B	-0.09%
ADNT	F	-0.09%
PNM	F	-0.09%
BANR	B	-0.09%
CVBF	A	-0.09%
ANDE	D	-0.09%
ACA	A	-0.09%
BUSE	B	-0.08%
ARCB	C	-0.08%
MODG	F	-0.08%
WERN	C	-0.08%
WGO	C	-0.08%
MCRI	A	-0.08%
PTVE	B	-0.08%
ALG	B	-0.08%
DAN	D	-0.08%
HOPE	B	-0.08%
FIBK	A	-0.08%
FCF	A	-0.08%
SRCE	B	-0.08%
HUBG	A	-0.08%
NX	C	-0.08%
XRX	F	-0.08%
LAUR	A	-0.08%
BKE	B	-0.08%
BKU	A	-0.08%
TCBK	B	-0.08%
VBTX	B	-0.08%
KALU	C	-0.08%
WSFS	A	-0.08%
HY	D	-0.08%
RNST	B	-0.08%
SFNC	B	-0.08%
EFSC	B	-0.08%
VRTS	B	-0.08%
FULT	A	-0.08%
ASGN	F	-0.08%
TTMI	B	-0.07%
LC	A	-0.07%
LILAK	D	-0.07%
SJW	D	-0.07%
PEB	D	-0.07%
MRTN	C	-0.07%
UNF	B	-0.07%
KLG	C	-0.07%
DIOD	D	-0.07%
XHR	B	-0.07%
MMS	F	-0.07%
SBCF	A	-0.06%
GOGO	C	-0.06%
FBNC	A	-0.06%
CSGS	B	-0.06%
AMN	F	-0.06%
FHI	A	-0.06%
PBH	A	-0.06%
OMI	F	-0.06%
KAR	B	-0.06%
DFH	D	-0.06%
NIC	B	-0.06%
SNEX	B	-0.06%
HMN	B	-0.06%
GRBK	D	-0.06%
ASB	B	-0.06%
SCVL	F	-0.06%
VSAT	F	-0.06%
SSTK	F	-0.06%
LGIH	D	-0.06%
ROG	D	-0.05%
PATK	D	-0.05%
FLR	B	-0.05%
ALIT	C	-0.05%
DFIN	D	-0.05%
SEM	B	-0.05%
DEA	D	-0.05%
MUSA	A	-0.05%
SHEN	F	-0.05%
THRM	D	-0.05%
LCII	C	-0.05%
SSB	B	-0.05%
PSMT	C	-0.05%
UCB	A	-0.05%
SYNA	C	-0.05%
AUB	B	-0.05%
OFG	B	-0.05%
SCL	C	-0.05%
ARI	C	-0.05%
ALEX	C	-0.05%
LNN	B	-0.05%
KWR	C	-0.05%
HTH	B	-0.05%
STBA	B	-0.05%
UMBF	B	-0.05%
DK	C	-0.05%
ROCK	C	-0.05%
ABM	B	-0.05%
MTX	B	-0.05%
WAFD	B	-0.05%
TOWN	B	-0.05%
HLF	C	-0.05%
IOSP	B	-0.05%
BHE	B	-0.05%
NWBI	B	-0.05%
UPWK	B	-0.04%
MYRG	B	-0.04%
NSP	D	-0.04%
FOXF	F	-0.04%
AVNS	F	-0.04%
WD	D	-0.04%
FUL	F	-0.04%
ODP	F	-0.04%
NJR	A	-0.04%
AVNT	B	-0.04%
FELE	B	-0.04%
SKY	A	-0.04%
WTS	B	-0.04%
AIR	B	-0.03%
SAFT	C	-0.03%
MTRN	C	-0.03%
XPEL	C	-0.03%
DEI	B	-0.03%
HLIO	B	-0.03%
GNW	A	-0.03%
IVT	B	-0.03%
CVCO	A	-0.03%
PPBI	B	-0.03%
ROIC	A	-0.03%
NBTB	B	-0.03%
FDP	B	-0.03%
BHLB	B	-0.03%
PFS	B	-0.03%
CBU	B	-0.03%
FBK	B	-0.03%
MCW	B	-0.03%
MGPI	F	-0.03%
TCBI	B	-0.03%
OPCH	D	-0.03%
OLPX	D	-0.02%
BLMN	F	-0.02%
PLUS	F	-0.02%
GIC	D	-0.02%
GPRE	F	-0.02%
JBGS	D	-0.02%
OXM	D	-0.02%
SHOO	D	-0.02%
AIN	C	-0.02%
MSGE	F	-0.02%
LXP	D	-0.02%
RC	D	-0.02%
CMTG	F	-0.02%
SHLS	F	-0.02%
CNXN	C	-0.02%
NVEE	F	-0.02%
KFRC	D	-0.02%
NNI	D	-0.02%
STC	B	-0.02%
NMRK	B	-0.02%
CNMD	C	-0.02%
OI	C	-0.02%
MSEX	B	-0.02%
UPBD	B	-0.02%
EVTC	B	-0.02%
PGRE	F	-0.02%