IWD vs. FEX ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to First Trust Large Cap Core AlphaDEX (FEX)

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

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Large Cap Core 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 500(R) 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

$111.95

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FEX
30 Days	3.53%	6.62%
60 Days	4.90%	8.07%
90 Days	6.95%	10.60%
12 Months	29.54%	33.47%

320 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in FEX	Overlap
	ABT	B	0.78%	0.09%	0.09%
	ACGL	D	0.14%	0.29%	0.14%
	ACN	C	0.86%	0.08%	0.08%
	ADM	D	0.1%	0.37%	0.1%
	AEE	A	0.09%	0.36%	0.09%
	AEP	D	0.2%	0.32%	0.2%
	AFL	B	0.24%	0.34%	0.24%
	AIG	B	0.19%	0.35%	0.19%
	AJG	B	0.23%	0.18%	0.18%
	AKAM	D	0.05%	0.29%	0.05%
	ALL	A	0.17%	0.45%	0.17%
	ALLY	C	0.03%	0.34%	0.03%
	ALNY	D	0.01%	0.29%	0.01%
	AMGN	D	0.13%	0.07%	0.07%
	AMP	A	0.02%	0.31%	0.02%
	AON	A	0.29%	0.09%	0.09%
	APD	A	0.27%	0.19%	0.19%
	APH	A	0.14%	0.09%	0.09%
	APO	B	0.08%	0.22%	0.08%
	APTV	D	0.06%	0.31%	0.06%
	ARE	D	0.07%	0.15%	0.07%
	ATO	A	0.08%	0.36%	0.08%
	AVB	B	0.13%	0.09%	0.09%
	AVY	D	0.04%	0.08%	0.04%
	AWK	D	0.1%	0.16%	0.1%
	AXP	A	0.39%	0.45%	0.39%
	AZO	C	0.02%	0.08%	0.02%
	BAC	A	1.23%	0.3%	0.3%
	BBY	D	0.08%	0.22%	0.08%
	BDX	F	0.25%	0.08%	0.08%
	BG	F	0.05%	0.4%	0.05%
	BIIB	F	0.09%	0.21%	0.09%
	BK	A	0.22%	0.46%	0.22%
	BKNG	A	0.04%	0.3%	0.04%
	BKR	B	0.17%	0.4%	0.17%
	BLD	D	0.04%	0.07%	0.04%
	BLDR	D	0.07%	0.31%	0.07%
	BLK	C	0.6%	0.09%	0.09%
	BR	A	0.01%	0.18%	0.01%
	BRK.A	B	3.35%	0.26%	0.26%
	BRO	B	0.06%	0.36%	0.06%
	BSX	B	0.5%	0.27%	0.27%
	C	A	0.51%	0.37%	0.37%
	CAG	D	0.05%	0.07%	0.05%
	CARR	D	0.24%	0.23%	0.23%
	CASY	A	0.05%	0.27%	0.05%
	CAT	B	0.63%	0.25%	0.25%
	CB	C	0.45%	0.34%	0.34%
	CBOE	B	0.08%	0.09%	0.08%
	CCI	D	0.18%	0.07%	0.07%
	CCL	B	0.09%	0.45%	0.09%
	CE	F	0.02%	0.23%	0.02%
	CEG	D	0.23%	0.3%	0.23%
	CF	B	0.06%	0.43%	0.06%
	CFG	B	0.08%	0.38%	0.08%
	CHTR	C	0.14%	0.3%	0.14%
	CI	F	0.32%	0.16%	0.16%
	CINF	A	0.09%	0.47%	0.09%
	CL	D	0.13%	0.15%	0.13%
	CMCSA	B	0.64%	0.44%	0.44%
	CMI	A	0.19%	0.19%	0.19%
	CMS	C	0.08%	0.25%	0.08%
	CNC	D	0.12%	0.33%	0.12%
	CNP	B	0.08%	0.36%	0.08%
	COF	B	0.27%	0.41%	0.27%
	COIN	C	0.04%	0.15%	0.04%
	COP	C	0.51%	0.46%	0.46%
	CPB	D	0.03%	0.15%	0.03%
	CSCO	B	0.91%	0.27%	0.27%
	CSL	C	0.07%	0.17%	0.07%
	CSX	B	0.27%	0.26%	0.26%
	CTAS	B	0.01%	0.36%	0.01%
	CTRA	B	0.07%	0.46%	0.07%
	CTSH	B	0.15%	0.42%	0.15%
	CTVA	C	0.15%	0.16%	0.15%
	CVNA	B	0.07%	0.48%	0.07%
	CVS	D	0.26%	0.38%	0.26%
	CVX	A	1.08%	0.46%	0.46%
	D	C	0.19%	0.25%	0.19%
	DAL	C	0.16%	0.53%	0.16%
	DASH	A	0.03%	0.41%	0.03%
	DD	D	0.13%	0.16%	0.13%
	DE	A	0.39%	0.25%	0.25%
	DELL	C	0.12%	0.19%	0.12%
	DG	F	0.06%	0.31%	0.06%
	DGX	A	0.07%	0.35%	0.07%
	DHI	D	0.19%	0.36%	0.19%
	DIS	B	0.82%	0.2%	0.2%
	DOC	D	0.06%	0.15%	0.06%
	DOV	A	0.11%	0.09%	0.09%
	DOW	F	0.12%	0.21%	0.12%
	DRI	B	0.04%	0.17%	0.04%
	DTE	C	0.1%	0.32%	0.1%
	DUK	C	0.34%	0.33%	0.33%
	DVN	F	0.09%	0.42%	0.09%
	EBAY	D	0.12%	0.32%	0.12%
	ECL	D	0.03%	0.16%	0.03%
	ED	D	0.13%	0.31%	0.13%
	EFX	F	0.09%	0.21%	0.09%
	EG	C	0.05%	0.4%	0.05%
	EIX	B	0.12%	0.25%	0.12%
	ELV	F	0.3%	0.2%	0.2%
	EME	C	0.05%	0.49%	0.05%
	EMR	A	0.28%	0.1%	0.1%
	EOG	A	0.3%	0.47%	0.3%
	EQIX	A	0.31%	0.09%	0.09%
	EQR	B	0.11%	0.25%	0.11%
	EQT	B	0.09%	0.41%	0.09%
	ESS	B	0.07%	0.09%	0.07%
	ETN	A	0.56%	0.18%	0.18%
	ETR	B	0.12%	0.38%	0.12%
	EXC	C	0.15%	0.33%	0.15%
	EXPD	D	0.06%	0.08%	0.06%
	EXR	D	0.13%	0.15%	0.13%
	F	C	0.17%	0.45%	0.17%
	FANG	D	0.13%	0.45%	0.13%
	FCNCA	A	0.1%	0.4%	0.1%
	FCX	D	0.24%	0.07%	0.07%
	FDX	B	0.26%	0.37%	0.26%
	FE	C	0.09%	0.16%	0.09%
	FI	A	0.32%	0.4%	0.32%
	FICO	B	0.03%	0.5%	0.03%
	FITB	A	0.12%	0.28%	0.12%
	FNF	B	0.06%	0.17%	0.06%
	FOXA	B	0.04%	0.45%	0.04%
	FSLR	F	0.08%	0.27%	0.08%
	FTNT	C	0.04%	0.3%	0.04%
	FTV	C	0.1%	0.16%	0.1%
	GD	F	0.31%	0.16%	0.16%
	GE	D	0.59%	0.32%	0.32%
	GEHC	F	0.13%	0.07%	0.07%
	GEN	B	0.06%	0.36%	0.06%
	GIS	D	0.14%	0.22%	0.14%
	GLPI	C	0.05%	0.08%	0.05%
	GM	B	0.25%	0.53%	0.25%
	GPC	D	0.07%	0.23%	0.07%
	GRMN	B	0.13%	0.3%	0.13%
	GS	A	0.53%	0.5%	0.5%
	GWW	B	0.03%	0.29%	0.03%
	HAL	C	0.1%	0.44%	0.1%
	HBAN	A	0.1%	0.41%	0.1%
	HCA	F	0.19%	0.35%	0.19%
	HD	A	0.32%	0.09%	0.09%
	HIG	B	0.13%	0.34%	0.13%
	HLT	A	0.12%	0.27%	0.12%
	HOLX	D	0.07%	0.16%	0.07%
	HOOD	B	0.08%	0.38%	0.08%
	HPE	B	0.11%	0.44%	0.11%
	HPQ	B	0.11%	0.09%	0.09%
	HRL	D	0.03%	0.24%	0.03%
	HSY	F	0.08%	0.15%	0.08%
	HUBB	B	0.09%	0.18%	0.09%
	HUM	C	0.13%	0.22%	0.13%
	HWM	A	0.17%	0.48%	0.17%
	IBM	C	0.73%	0.32%	0.32%
	ICE	C	0.34%	0.25%	0.25%
	IEX	B	0.07%	0.18%	0.07%
	INTC	D	0.4%	0.36%	0.36%
	IP	B	0.08%	0.4%	0.08%
	IQV	D	0.12%	0.07%	0.07%
	IR	B	0.16%	0.18%	0.16%
	IRM	D	0.06%	0.41%	0.06%
	J	F	0.07%	0.18%	0.07%
	JBHT	C	0.06%	0.27%	0.06%
	JCI	C	0.22%	0.09%	0.09%
	JNJ	D	1.45%	0.24%	0.24%
	JPM	A	2.74%	0.3%	0.3%
	KDP	D	0.14%	0.21%	0.14%
	KEY	B	0.07%	0.19%	0.07%
	KEYS	A	0.1%	0.16%	0.1%
	KHC	F	0.11%	0.22%	0.11%
	KIM	A	0.06%	0.18%	0.06%
	KKR	A	0.28%	0.49%	0.28%
	KMB	D	0.1%	0.08%	0.08%
	KMI	A	0.21%	0.43%	0.21%
	KO	D	0.4%	0.15%	0.15%
	KR	B	0.15%	0.34%	0.15%
	L	A	0.06%	0.36%	0.06%
	LEN	D	0.16%	0.38%	0.16%
	LEN	D	0.01%	0.38%	0.01%
	LH	C	0.08%	0.18%	0.08%
	LHX	C	0.18%	0.17%	0.17%
	LMT	D	0.3%	0.08%	0.08%
	LNG	B	0.09%	0.4%	0.09%
	LNT	A	0.06%	0.26%	0.06%
	LOW	D	0.6%	0.08%	0.08%
	LUV	C	0.08%	0.28%	0.08%
	LYB	F	0.08%	0.37%	0.08%
	MAA	B	0.07%	0.17%	0.07%
	MAR	B	0.25%	0.1%	0.1%
	MAS	D	0.07%	0.08%	0.07%
	MCD	D	0.77%	0.08%	0.08%
	MDLZ	F	0.34%	0.15%	0.15%
	MDT	D	0.44%	0.16%	0.16%
	MET	A	0.19%	0.09%	0.09%
	MKC	D	0.07%	0.08%	0.07%
	MKL	A	0.07%	0.09%	0.07%
	MMC	B	0.37%	0.08%	0.08%
	MO	A	0.37%	0.09%	0.09%
	MOH	F	0.02%	0.14%	0.02%
	MPC	D	0.22%	0.42%	0.22%
	MS	A	0.57%	0.33%	0.33%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.37%	0.16%
	MSTR	C	0.19%	0.19%	0.19%
	MTB	A	0.14%	0.41%	0.14%
	MU	D	0.41%	0.08%	0.08%
	NDAQ	A	0.13%	0.19%	0.13%
	NDSN	B	0.06%	0.08%	0.06%
	NEE	D	0.61%	0.31%	0.31%
	NI	A	0.06%	0.36%	0.06%
	NKE	D	0.14%	0.14%	0.14%
	NOC	D	0.27%	0.08%	0.08%
	NRG	B	0.04%	0.43%	0.04%
	NSC	B	0.23%	0.09%	0.09%
	NTAP	C	0.05%	0.16%	0.05%
	NTRS	A	0.08%	0.31%	0.08%
	NUE	C	0.14%	0.41%	0.14%
	NVR	D	0.1%	0.23%	0.1%
	NWSA	B	0.04%	0.18%	0.04%
	O	D	0.19%	0.15%	0.15%
	OC	A	0.07%	0.47%	0.07%
	OKE	A	0.25%	0.31%	0.25%
	OMC	C	0.07%	0.16%	0.07%
	ON	D	0.11%	0.39%	0.11%
	ORLY	B	0.02%	0.09%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OXY	D	0.13%	0.42%	0.13%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.22%	0.48%	0.22%
	PCG	A	0.17%	0.27%	0.17%
	PEG	A	0.17%	0.25%	0.17%
	PEP	F	0.18%	0.08%	0.08%
	PFG	D	0.08%	0.17%	0.08%
	PGR	A	0.09%	0.43%	0.09%
	PH	A	0.35%	0.37%	0.35%
	PHM	D	0.1%	0.38%	0.1%
	PKG	A	0.08%	0.28%	0.08%
	PM	B	0.78%	0.37%	0.37%
	PNC	B	0.32%	0.19%	0.19%
	PPG	F	0.11%	0.24%	0.11%
	PPL	B	0.1%	0.26%	0.1%
	PRU	A	0.18%	0.18%	0.18%
	PSA	D	0.18%	0.24%	0.18%
	PSX	C	0.21%	0.42%	0.21%
	PWR	A	0.13%	0.47%	0.13%
	PYPL	B	0.34%	0.18%	0.18%
	RCL	A	0.14%	0.55%	0.14%
	RF	A	0.09%	0.29%	0.09%
	RGA	A	0.06%	0.18%	0.06%
	RIVN	F	0.03%	0.08%	0.03%
	RJF	A	0.12%	0.23%	0.12%
	RMD	C	0.1%	0.33%	0.1%
	ROST	C	0.14%	0.16%	0.14%
	RPM	A	0.05%	0.1%	0.05%
	RS	B	0.07%	0.45%	0.07%
	RSG	A	0.17%	0.09%	0.09%
	RVTY	F	0.05%	0.07%	0.05%
	SBAC	D	0.09%	0.08%	0.08%
	SBUX	A	0.1%	0.09%	0.09%
	SHW	A	0.03%	0.25%	0.03%
	SLB	C	0.24%	0.44%	0.24%
	SNA	A	0.07%	0.52%	0.07%
	SO	D	0.37%	0.17%	0.17%
	SPG	B	0.17%	0.18%	0.17%
	SPGI	C	0.61%	0.25%	0.25%
	SRE	A	0.23%	0.38%	0.23%
	SSNC	B	0.06%	0.25%	0.06%
	STLD	B	0.08%	0.47%	0.08%
	STT	A	0.11%	0.28%	0.11%
	SWKS	F	0.05%	0.36%	0.05%
	SYF	B	0.1%	0.54%	0.1%
	SYK	C	0.39%	0.09%	0.09%
	SYY	B	0.06%	0.16%	0.06%
	T	A	0.63%	0.44%	0.44%
	TDG	D	0.21%	0.22%	0.21%
	TDY	B	0.08%	0.27%	0.08%
	TGT	F	0.27%	0.34%	0.27%
	THC	D	0.06%	0.39%	0.06%
	TJX	A	0.22%	0.26%	0.22%
	TMO	F	0.76%	0.07%	0.07%
	TMUS	B	0.44%	0.39%	0.39%
	TOL	B	0.06%	0.42%	0.06%
	TROW	B	0.1%	0.46%	0.1%
	TRV	B	0.23%	0.28%	0.23%
	TSN	B	0.07%	0.18%	0.07%
	TT	A	0.24%	0.45%	0.24%
	TXT	D	0.06%	0.32%	0.06%
	TYL	B	0.01%	0.26%	0.01%
	UAL	A	0.12%	0.67%	0.12%
	ULTA	F	0.01%	0.31%	0.01%
	UPS	C	0.38%	0.17%	0.17%
	URI	B	0.16%	0.44%	0.16%
	USB	A	0.3%	0.28%	0.28%
	UTHR	C	0.06%	0.42%	0.06%
	VICI	C	0.13%	0.08%	0.08%
	VLO	C	0.17%	0.45%	0.17%
	VLTO	D	0.05%	0.23%	0.05%
	VRTX	F	0.23%	0.08%	0.08%
	VTR	C	0.1%	0.34%	0.1%
	VTRS	A	0.06%	0.38%	0.06%
	VZ	C	0.68%	0.32%	0.32%
	WAB	B	0.13%	0.46%	0.13%
	WAT	B	0.03%	0.08%	0.03%
	WEC	A	0.12%	0.26%	0.12%
	WELL	A	0.32%	0.27%	0.27%
	WFC	A	1.01%	0.44%	0.44%
	WLK	D	0.02%	0.14%	0.02%
	WMB	A	0.27%	0.11%	0.11%
	WRB	A	0.07%	0.18%	0.07%
	WSM	B	0.03%	0.07%	0.03%
	WSO	A	0.07%	0.18%	0.07%
	WST	C	0.04%	0.09%	0.04%
	WY	D	0.09%	0.16%	0.09%
	XEL	A	0.15%	0.36%	0.15%
	XOM	B	2.08%	0.43%	0.43%
	XYL	D	0.11%	0.15%	0.11%
	ZBH	C	0.09%	0.35%	0.09%
	ZM	B	0.08%	0.29%	0.08%
	ZTS	D	0.05%	0.08%	0.05%

IWD Overweight 545 Positions Relative to FEX

	Symbol	Grade	Weight
	UNH	C	1.98%
	WMT	A	1.42%
	PG	A	1.21%
	LIN	D	0.84%
	ABBV	D	0.65%
	TXN	C	0.63%
	RTX	C	0.61%
	DHR	F	0.58%
	PFE	D	0.55%
	HON	B	0.49%
	BMY	B	0.44%
	GILD	C	0.43%
	SCHW	B	0.42%
	PLD	D	0.41%
	ADI	D	0.4%
	GEV	B	0.35%
	CME	A	0.32%
	BA	F	0.31%
	AMD	F	0.29%
	UNP	C	0.29%
	REGN	F	0.28%
	MRVL	B	0.27%
	CRH	A	0.26%
	TFC	A	0.24%
	DLR	B	0.23%
	MMM	D	0.23%
	ROP	B	0.23%
	ITW	B	0.2%
	FIS	C	0.19%
	KVUE	A	0.18%
	CRM	B	0.18%
	NEM	D	0.18%
	EA	A	0.17%
	DFS	B	0.17%
	AME	A	0.17%
	MCK	B	0.17%
	CBRE	B	0.16%
	A	D	0.15%
	FERG	B	0.15%
	STZ	D	0.15%
	GLW	B	0.14%
	EW	C	0.13%
	MCHP	D	0.13%
	MLM	B	0.13%
	GPN	B	0.12%
	ROK	B	0.12%
	TTWO	A	0.12%
	WTW	B	0.12%
	SQ	B	0.11%
	VMC	B	0.11%
	CSGP	D	0.11%
	ANSS	B	0.11%
	MTD	D	0.1%
	CHD	B	0.1%
	SW	A	0.1%
	IFF	D	0.09%
	WBD	C	0.09%
	YUM	B	0.09%
	COO	D	0.08%
	WDC	D	0.08%
	INVH	D	0.08%
	K	A	0.08%
	ILMN	D	0.08%
	EXE	B	0.08%
	LDOS	C	0.08%
	STE	F	0.08%
	ES	D	0.08%
	TRMB	B	0.07%
	PNR	A	0.07%
	TRU	D	0.07%
	BALL	D	0.07%
	IBKR	A	0.07%
	EVRG	A	0.06%
	EWBC	A	0.06%
	VRSN	F	0.06%
	HES	B	0.06%
	ACM	A	0.06%
	UDR	B	0.06%
	AMCR	D	0.06%
	USFD	A	0.06%
	GGG	B	0.06%
	SUI	D	0.06%
	ZBRA	B	0.06%
	MRO	B	0.06%
	BAX	D	0.06%
	Z	A	0.05%
	UHS	D	0.05%
	SOFI	A	0.05%
	CAH	B	0.05%
	CDW	F	0.05%
	FDS	B	0.05%
	EMN	D	0.05%
	MRNA	F	0.05%
	JNPR	F	0.05%
	BMRN	D	0.05%
	SCI	B	0.05%
	NVT	B	0.05%
	HST	C	0.05%
	NTNX	A	0.05%
	WPC	D	0.05%
	FTI	A	0.05%
	ALLE	D	0.05%
	ALB	C	0.05%
	BXP	D	0.05%
	EPAM	C	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%
	CHRW	C	0.05%
	UNM	A	0.05%
	DLTR	F	0.05%
	JBL	B	0.05%
	ELS	C	0.05%
	TPR	B	0.05%
	AFRM	B	0.05%
	SWK	D	0.05%
	TWLO	A	0.05%
	RNR	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	AVTR	F	0.05%
	TW	A	0.04%
	GMED	A	0.04%
	TFX	F	0.04%
	REXR	F	0.04%
	CMA	A	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	INGR	B	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	ORI	A	0.04%
	JEF	A	0.04%
	SOLV	C	0.04%
	PNFP	B	0.04%
	EL	F	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	CRL	C	0.04%
	MKTX	D	0.04%
	CIEN	B	0.04%
	DOX	D	0.04%
	DPZ	C	0.04%
	GL	B	0.04%
	DTM	B	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	AES	F	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	AFG	A	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	RPRX	D	0.04%
	DKS	C	0.04%
	DAY	B	0.04%
	LKQ	D	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	WWD	B	0.04%
	IPG	D	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	A	0.04%
	TECH	D	0.04%
	PNW	B	0.04%
	CCK	C	0.04%
	EVR	B	0.04%
	CTLT	B	0.04%
	CUBE	D	0.04%
	FWONK	B	0.04%
	PFGC	B	0.04%
	TAP	C	0.04%
	SJM	D	0.04%
	ATR	B	0.04%
	QCOM	F	0.04%
	CG	A	0.04%
	AA	B	0.04%
	FHN	A	0.04%
	RRX	B	0.04%
	AMAT	F	0.04%
	INCY	C	0.04%
	KMX	B	0.04%
	SF	B	0.04%
	AIZ	A	0.04%
	BJ	A	0.04%
	OVV	B	0.04%
	COLB	A	0.03%
	MTG	C	0.03%
	CGNX	C	0.03%
	FAF	A	0.03%
	IVZ	B	0.03%
	LSTR	D	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%
	DINO	D	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	MKSI	C	0.03%
	FMC	D	0.03%
	ALK	C	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	FCN	D	0.03%
	FND	C	0.03%
	MTSI	B	0.03%
	GXO	B	0.03%
	RLI	B	0.03%
	SSD	D	0.03%
	FR	C	0.03%
	ATI	D	0.03%
	ALGN	D	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	R	B	0.03%
	ESAB	B	0.03%
	VFC	C	0.03%
	OSK	B	0.03%
	BBWI	D	0.03%
	AGNC	D	0.03%
	VNO	B	0.03%
	KBR	F	0.03%
	CART	C	0.03%
	MIDD	C	0.03%
	SKX	D	0.03%
	COKE	C	0.03%
	MHK	D	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	MNST	C	0.03%
	RHI	B	0.03%
	JAZZ	B	0.03%
	ADC	B	0.03%
	KEX	C	0.03%
	HII	D	0.03%
	PR	B	0.03%
	NNN	D	0.03%
	BERY	B	0.03%
	FLS	B	0.03%
	BWA	D	0.03%
	G	B	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	CHRD	D	0.03%
	ACI	C	0.03%
	CZR	F	0.03%
	SNV	B	0.03%
	X	C	0.03%
	TKO	B	0.03%
	SEIC	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	APA	D	0.03%
	LECO	B	0.03%
	LAMR	D	0.03%
	VOYA	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%
	MOS	F	0.03%
	CBSH	A	0.03%
	TTC	D	0.03%
	OGE	B	0.03%
	FYBR	D	0.03%
	WTFC	A	0.03%
	WYNN	D	0.03%
	GWRE	A	0.03%
	ZION	B	0.03%
	BRX	A	0.03%
	TTEK	F	0.03%
	AAL	B	0.03%
	MGM	D	0.03%
	AOS	F	0.03%
	SNX	C	0.03%
	HSIC	B	0.03%
	KNX	B	0.03%
	ADP	B	0.03%
	AR	B	0.03%
	HLI	B	0.03%
	AXTA	A	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	PTC	A	0.03%
	OGN	D	0.02%
	LINE	F	0.02%
	SITE	D	0.02%
	HOG	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%
	M	D	0.02%
	AN	C	0.02%
	KMPR	B	0.02%
	GAP	C	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	AGO	B	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	AVT	C	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	D	0.02%
	TKR	D	0.02%
	WTM	A	0.02%
	HXL	D	0.02%
	BYD	C	0.02%
	SON	D	0.02%
	AL	B	0.02%
	UGI	A	0.02%
	BFAM	D	0.02%
	OZK	B	0.02%
	POST	C	0.02%
	SLM	A	0.02%
	SN	D	0.02%
	CCCS	B	0.02%
	LEA	D	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	EXAS	D	0.02%
	GNRC	B	0.02%
	RITM	C	0.02%
	BC	C	0.02%
	THO	B	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	PVH	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%
	AGCO	D	0.02%
	AMG	B	0.02%
	ONTO	D	0.02%
	LNC	B	0.02%
	FNB	A	0.02%
	VNT	B	0.02%
	LFUS	F	0.02%
	IDA	A	0.02%
	WHR	B	0.02%
	RGEN	D	0.02%
	S	B	0.02%
	STWD	C	0.02%
	ARW	D	0.02%
	WBA	F	0.02%
	BEN	C	0.02%
	BIO	D	0.02%
	QRVO	F	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	OMF	A	0.02%
	SAIC	F	0.02%
	COLD	D	0.02%
	ESI	A	0.02%
	NOV	C	0.02%
	SIRI	C	0.02%
	KD	B	0.02%
	MSA	D	0.02%
	MAT	D	0.02%
	PARA	C	0.02%
	LLYVA	A	0.01%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	TER	D	0.01%
	FTRE	D	0.01%
	LEG	F	0.01%
	WEN	D	0.01%
	EXEL	B	0.01%
	GO	C	0.01%
	UA	C	0.01%
	QS	F	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	ALAB	B	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	D	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%
	KSS	F	0.01%
	LCID	F	0.01%
	INFA	D	0.01%
	ETSY	D	0.01%
	UAA	C	0.01%
	LBTYA	B	0.01%
	LYFT	C	0.01%
	BRKR	D	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	SHC	F	0.01%
	ADT	C	0.01%
	LPX	B	0.01%
	RCM	F	0.01%
	AAP	C	0.01%
	CWEN	C	0.01%
	WU	D	0.01%
	AZTA	D	0.01%
	YETI	C	0.01%
	JWN	C	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	B	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	A	0.01%
	ENOV	C	0.01%
	AGR	B	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	C	0.01%
	CXT	B	0.01%
	COTY	F	0.01%
	SEE	C	0.01%
	COLM	B	0.01%
	CNM	D	0.01%
	AMKR	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%
	PAG	B	0.01%
	NSA	D	0.01%
	LLYVK	A	0.01%
	PK	B	0.01%
	NXST	C	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%
	BHF	B	0.01%
	VAC	B	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	HIW	D	0.01%
	EPR	D	0.01%
	MASI	A	0.01%
	ZG	A	0.01%
	CPRT	A	0.01%
	PII	D	0.01%
	ACHC	F	0.01%
	FHB	A	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	D	0.01%
	NVST	B	0.01%
	NWS	B	0.01%
	W	F	0.01%
	PRGO	B	0.01%
	VNOM	A	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	A	0.01%
	NEU	C	0.01%
	RH	B	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	OLED	D	0.01%
	MSM	C	0.01%
	ASH	D	0.01%
	LOAR	A	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	NFE	D	0.0%
	UHAL	D	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%
	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%
	CWEN	C	0.0%
	HCP	B	0.0%
	CAR	C	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 54 Positions Relative to FEX

	Symbol	Grade	Weight
	APP	B	-0.97%
	PLTR	B	-0.7%
	AXON	A	-0.64%
	EXPE	B	-0.52%
	VRT	B	-0.52%
	VST	B	-0.52%
	TRGP	B	-0.46%
	HEI	B	-0.44%
	BURL	A	-0.44%
	CPNG	D	-0.42%
	LYV	A	-0.41%
	GDDY	A	-0.4%
	TPL	A	-0.4%
	RBLX	C	-0.39%
	ORCL	B	-0.37%
	CRBG	B	-0.36%
	LII	A	-0.35%
	COST	B	-0.35%
	ANET	C	-0.33%
	META	D	-0.33%
	ERIE	D	-0.32%
	NFLX	A	-0.3%
	NOW	A	-0.29%
	BAH	F	-0.29%
	NVDA	C	-0.29%
	TTD	B	-0.27%
	ISRG	A	-0.27%
	MANH	D	-0.25%
	MCO	B	-0.25%
	AVGO	D	-0.24%
	TSLA	B	-0.22%
	STX	D	-0.22%
	CPAY	A	-0.2%
	DECK	A	-0.19%
	LVS	C	-0.17%
	AAPL	C	-0.17%
	IT	C	-0.17%
	UBER	D	-0.16%
	TSCO	D	-0.16%
	LLY	F	-0.14%
	AMT	D	-0.14%
	MPWR	F	-0.11%
	PANW	C	-0.1%
	CMG	B	-0.09%
	CLX	B	-0.09%
	MA	C	-0.09%
	GOOGL	C	-0.09%
	ARES	A	-0.09%
	ODFL	B	-0.09%
	AMZN	C	-0.09%
	ADSK	A	-0.09%
	POOL	C	-0.08%
	ROL	B	-0.08%
	KLAC	D	-0.07%

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

FEX: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Software - Application Asset Management Specialty Retail Banks - Regional - US Business Services Diversified Industrials Insurance - Property & Casualty Aerospace & Defense Oil & Gas E&P Capital Markets Diagnostics & Research Health Care Plans Packaged Foods Semiconductors Specialty Chemicals Telecom Services Utilities - Diversified Credit Services Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Electricity Computing Dow Jones Component Electronics Bank Insurance Products Telecommunications Banking Aerospace Chemical Investment Bank Real Estate Investment Trust Transport IBD 50 Medicine Disability