IWD vs. FHEQ ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Fidelity Hedged Equity ETF (FHEQ)

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

$193.82

Average Daily Volume

1,525,194

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.84

Average Daily Volume

22,683

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FHEQ
30 Days	1.01%	1.74%
60 Days	4.67%	5.17%
90 Days	6.87%	5.89%
12 Months	28.05%

123 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in FHEQ	Overlap
ABBV	F	0.77%	1.0%	0.77%
ADP	A	0.03%	0.16%	0.03%
ALL	B	0.17%	0.07%	0.07%
ALLE	D	0.05%	0.4%	0.05%
AMAT	F	0.05%	0.75%	0.05%
AME	A	0.17%	0.1%	0.1%
AMGN	F	0.15%	0.26%	0.15%
AXP	B	0.39%	0.42%	0.39%
BAC	A	1.18%	1.13%	1.13%
BBWI	C	0.03%	0.07%	0.03%
BDX	F	0.26%	0.59%	0.26%
BIIB	F	0.1%	0.22%	0.1%
BK	B	0.22%	0.35%	0.22%
BMY	B	0.42%	0.77%	0.42%
BRK.A	B	3.26%	2.12%	2.12%
C	B	0.51%	0.53%	0.51%
CACI	C	0.05%	0.37%	0.05%
CAH	B	0.05%	0.42%	0.05%
CAT	B	0.63%	0.48%	0.48%
CCL	B	0.09%	0.05%	0.05%
CI	D	0.31%	0.65%	0.31%
CINF	A	0.09%	0.12%	0.09%
CL	F	0.13%	0.55%	0.13%
CMCSA	B	0.65%	0.83%	0.65%
CME	B	0.31%	0.36%	0.31%
CNC	F	0.12%	0.06%	0.06%
CRM	B	0.18%	1.23%	0.18%
CRUS	F	0.02%	0.06%	0.02%
CSCO	A	0.91%	0.8%	0.8%
CSX	B	0.27%	0.58%	0.27%
CTAS	B	0.02%	0.67%	0.02%
CVNA	B	0.07%	0.51%	0.07%
CVS	F	0.27%	0.21%	0.21%
CVX	A	1.04%	0.02%	0.02%
DASH	A	0.03%	0.12%	0.03%
DBX	B	0.02%	0.53%	0.02%
DIS	B	0.7%	0.42%	0.42%
DOC	C	0.06%	0.08%	0.06%
DVN	F	0.09%	0.51%	0.09%
ECL	C	0.03%	0.61%	0.03%
ED	D	0.13%	0.04%	0.04%
EOG	A	0.3%	0.27%	0.27%
ETN	B	0.56%	0.15%	0.15%
EXEL	B	0.01%	0.5%	0.01%
F	C	0.17%	0.14%	0.14%
FTI	B	0.05%	0.17%	0.05%
FTNT	B	0.04%	0.14%	0.04%
GAP	B	0.02%	0.18%	0.02%
GE	D	0.61%	0.45%	0.45%
GEHC	D	0.13%	0.17%	0.13%
GEN	B	0.06%	0.13%	0.06%
GILD	B	0.46%	0.77%	0.46%
GL	B	0.04%	0.2%	0.04%
GRMN	A	0.13%	0.31%	0.13%
HD	B	0.31%	1.27%	0.31%
HLT	A	0.11%	0.18%	0.11%
HWM	B	0.17%	0.27%	0.17%
IFF	F	0.09%	0.05%	0.05%
INCY	B	0.05%	0.28%	0.05%
JNJ	D	1.44%	0.59%	0.59%
JPM	A	2.61%	1.75%	1.75%
KR	A	0.15%	0.11%	0.11%
L	A	0.06%	0.07%	0.06%
LDOS	C	0.1%	0.39%	0.1%
LHX	B	0.19%	0.21%	0.19%
LMT	D	0.32%	0.73%	0.32%
LYFT	B	0.01%	0.07%	0.01%
MDLZ	F	0.34%	0.07%	0.07%
MGM	D	0.03%	0.15%	0.03%
MMC	D	0.37%	0.52%	0.37%
MMM	C	0.23%	0.22%	0.22%
MS	A	0.54%	0.16%	0.16%
MSCI	B	0.07%	0.49%	0.07%
MSI	B	0.17%	0.24%	0.17%
MU	D	0.47%	0.53%	0.47%
NEE	D	0.61%	0.69%	0.61%
NOC	D	0.28%	0.59%	0.28%
NSC	B	0.24%	0.26%	0.24%
NUE	D	0.15%	0.33%	0.15%
NWL	B	0.01%	0.01%	0.01%
OGE	B	0.03%	0.01%	0.01%
PCAR	B	0.23%	0.43%	0.23%
PFE	F	0.58%	0.58%	0.58%
PG	C	1.18%	0.82%	0.82%
PGR	A	0.09%	0.64%	0.09%
PLTK	B	0.0%	0.1%	0.0%
PM	B	0.75%	0.85%	0.75%
PPG	F	0.11%	0.32%	0.11%
PSA	D	0.18%	0.18%	0.18%
PYPL	A	0.33%	0.54%	0.33%
QCOM	F	0.05%	0.82%	0.05%
QRVO	F	0.03%	0.11%	0.03%
ROST	D	0.14%	0.1%	0.1%
RSG	B	0.17%	0.04%	0.04%
RTX	D	0.63%	0.45%	0.45%
SCHW	B	0.38%	0.53%	0.38%
SEIC	A	0.03%	0.54%	0.03%
SOLV	C	0.04%	0.13%	0.04%
SPG	A	0.17%	0.15%	0.15%
SPGI	C	0.61%	0.41%	0.41%
SQ	B	0.09%	0.6%	0.09%
STLD	C	0.08%	0.05%	0.05%
T	A	0.62%	0.63%	0.62%
TJX	A	0.21%	0.72%	0.21%
TMO	F	0.81%	0.28%	0.28%
TMUS	A	0.44%	0.07%	0.07%
TROW	A	0.1%	0.22%	0.1%
TRV	B	0.23%	0.52%	0.23%
TT	B	0.24%	0.68%	0.24%
TWLO	B	0.05%	0.02%	0.02%
TXT	D	0.06%	0.49%	0.06%
UHS	D	0.05%	0.08%	0.05%
UNH	B	2.03%	0.58%	0.58%
UNM	A	0.05%	0.01%	0.01%
UNP	D	0.3%	0.73%	0.3%
UTHR	B	0.07%	0.06%	0.06%
VZ	D	0.66%	0.2%	0.2%
WMT	A	1.42%	0.79%	0.79%
WTW	A	0.12%	0.31%	0.12%
XEL	A	0.14%	0.2%	0.14%
XOM	B	2.09%	1.51%	1.51%
ZBRA	B	0.06%	0.48%	0.06%
ZM	B	0.08%	0.57%	0.08%

IWD Overweight 741 Positions Relative to FHEQ

Symbol	Grade	Weight
WFC	A	0.94%
ACN	B	0.86%
LIN	D	0.85%
MCD	C	0.78%
ABT	C	0.78%
IBM	D	0.75%
TXN	B	0.68%
DHR	F	0.61%
LOW	B	0.6%
BLK	A	0.59%
GS	B	0.52%
BSX	A	0.5%
COP	C	0.5%
HON	B	0.46%
CB	C	0.44%
INTC	C	0.43%
ADI	D	0.43%
MDT	D	0.43%
KO	F	0.41%
PLD	D	0.41%
DE	D	0.38%
SYK	A	0.37%
UPS	C	0.37%
SO	D	0.37%
MO	A	0.36%
GEV	B	0.36%
BA	F	0.34%
DUK	D	0.34%
ICE	C	0.34%
PH	A	0.34%
GD	C	0.33%
FI	A	0.32%
ELV	F	0.32%
EQIX	B	0.32%
WELL	B	0.32%
REGN	F	0.31%
AMD	F	0.31%
PNC	B	0.31%
USB	B	0.3%
AON	B	0.29%
EMR	A	0.28%
KKR	B	0.28%
MRVL	B	0.28%
CRH	B	0.27%
TGT	C	0.27%
APD	B	0.27%
COF	B	0.27%
FCX	F	0.26%
VRTX	B	0.26%
WMB	B	0.26%
CARR	C	0.25%
MAR	A	0.25%
FDX	B	0.25%
SLB	C	0.24%
GM	B	0.24%
OKE	A	0.24%
CEG	D	0.24%
TDG	D	0.23%
DLR	C	0.23%
AJG	A	0.23%
TFC	B	0.23%
AFL	C	0.23%
ROP	A	0.23%
JCI	A	0.22%
SRE	B	0.22%
MPC	D	0.21%
AEP	D	0.2%
NEM	F	0.2%
KMI	B	0.2%
PSX	C	0.2%
D	D	0.19%
CMI	A	0.19%
AIG	B	0.19%
FIS	B	0.19%
DHI	D	0.19%
O	D	0.19%
ITW	B	0.19%
HCA	D	0.19%
CCI	F	0.18%
MET	C	0.18%
PEP	D	0.18%
VLO	C	0.17%
PRU	B	0.17%
DFS	B	0.17%
PCG	A	0.17%
URI	B	0.17%
MCK	B	0.17%
KVUE	A	0.17%
OTIS	D	0.16%
CTVA	C	0.16%
LEN	D	0.16%
IR	A	0.16%
CBRE	B	0.16%
EA	A	0.16%
PEG	C	0.16%
BKR	B	0.16%
EXC	C	0.15%
MCHP	F	0.15%
FERG	B	0.15%
DAL	A	0.15%
MSTR	B	0.15%
CTSH	A	0.15%
A	F	0.15%
EXR	D	0.14%
WAB	B	0.14%
DD	D	0.14%
MLM	B	0.14%
APH	B	0.14%
GIS	F	0.14%
ACGL	C	0.14%
KDP	C	0.14%
CHTR	B	0.14%
STZ	D	0.14%
GLW	B	0.14%
DOW	F	0.13%
VICI	D	0.13%
AVB	B	0.13%
PWR	B	0.13%
OXY	F	0.13%
FANG	C	0.13%
HIG	C	0.13%
HUM	D	0.13%
MTB	A	0.13%
RCL	A	0.13%
NKE	F	0.13%
IQV	F	0.13%
RJF	A	0.12%
XYL	F	0.12%
ON	F	0.12%
PAYX	B	0.12%
TTWO	A	0.12%
DELL	C	0.12%
WEC	B	0.12%
CSGP	F	0.12%
EBAY	C	0.12%
FITB	A	0.12%
EIX	C	0.12%
ETR	B	0.12%
EW	F	0.12%
NDAQ	B	0.12%
PHM	D	0.11%
DOV	A	0.11%
MTD	F	0.11%
EQR	C	0.11%
ROK	B	0.11%
GPN	B	0.11%
STT	B	0.11%
HPE	B	0.11%
UAL	A	0.11%
VMC	B	0.11%
KEYS	C	0.11%
KHC	F	0.11%
ANSS	B	0.11%
SBUX	B	0.1%
ADM	F	0.1%
HBAN	A	0.1%
HUBB	C	0.1%
SYF	B	0.1%
HAL	C	0.1%
FCNCA	B	0.1%
CHD	A	0.1%
VTR	C	0.1%
FTV	C	0.1%
KMB	D	0.1%
AWK	D	0.1%
EFX	F	0.1%
RMD	C	0.1%
NVR	D	0.1%
SW	B	0.1%
HPQ	B	0.1%
LYB	F	0.09%
WBD	B	0.09%
TDY	B	0.09%
WDC	D	0.09%
EQT	B	0.09%
LNG	B	0.09%
WY	F	0.09%
RF	A	0.09%
YUM	B	0.09%
FE	D	0.09%
AEE	B	0.09%
SBAC	D	0.09%
ILMN	C	0.09%
DTE	D	0.09%
PPL	A	0.09%
PFG	C	0.08%
ARE	F	0.08%
IP	B	0.08%
CMS	D	0.08%
OMC	A	0.08%
COO	D	0.08%
HOOD	B	0.08%
LH	B	0.08%
INVH	D	0.08%
FSLR	F	0.08%
CFG	B	0.08%
CBOE	D	0.08%
NTRS	A	0.08%
EXE	A	0.08%
K	A	0.08%
APO	B	0.08%
PKG	B	0.08%
ES	D	0.08%
STE	D	0.08%
ATO	B	0.08%
HSY	F	0.08%
ZBH	C	0.08%
GPC	D	0.07%
PNR	A	0.07%
IEX	B	0.07%
KEY	B	0.07%
BAX	F	0.07%
DGX	B	0.07%
TRMB	B	0.07%
MAS	D	0.07%
WRB	B	0.07%
CSL	B	0.07%
IBKR	A	0.07%
HOLX	D	0.07%
CTRA	B	0.07%
J	D	0.07%
WSO	B	0.07%
RS	C	0.07%
MAA	C	0.07%
BALL	D	0.07%
SNA	A	0.07%
LUV	B	0.07%
BBY	C	0.07%
CNP	B	0.07%
ESS	C	0.07%
BLDR	C	0.07%
TRU	D	0.07%
MKC	D	0.07%
SWKS	F	0.06%
VLTO	D	0.06%
EME	B	0.06%
COHR	C	0.06%
VRSN	C	0.06%
UDR	C	0.06%
SYY	D	0.06%
GGG	B	0.06%
RGA	A	0.06%
CW	C	0.06%
AMCR	D	0.06%
LNT	C	0.06%
NDSN	B	0.06%
ACM	B	0.06%
IRM	D	0.06%
BRO	B	0.06%
RVTY	C	0.06%
MRNA	F	0.06%
APTV	F	0.06%
AVTR	F	0.06%
CF	B	0.06%
USFD	B	0.06%
VTRS	B	0.06%
SUI	F	0.06%
THC	B	0.06%
JBHT	C	0.06%
FNF	C	0.06%
MRO	B	0.06%
SSNC	C	0.06%
TOL	B	0.06%
MKL	A	0.06%
NI	A	0.06%
KIM	A	0.06%
OC	A	0.06%
TSN	B	0.06%
DG	F	0.06%
RRX	B	0.05%
Z	B	0.05%
FDS	A	0.05%
TECH	D	0.05%
NRG	C	0.05%
EMN	D	0.05%
BJ	B	0.05%
SJM	F	0.05%
ALB	C	0.05%
TPR	A	0.05%
NTNX	B	0.05%
EPAM	B	0.05%
BG	D	0.05%
WPC	F	0.05%
SCI	B	0.05%
DLTR	F	0.05%
AMH	C	0.05%
HST	D	0.05%
CPT	C	0.05%
ITT	A	0.05%
CASY	B	0.05%
CHRW	A	0.05%
BMRN	F	0.05%
NVT	C	0.05%
JNPR	D	0.05%
GLPI	D	0.05%
BXP	D	0.05%
JKHY	C	0.05%
ELS	B	0.05%
CLH	B	0.05%
RPM	A	0.05%
EG	D	0.05%
CDW	F	0.05%
AKAM	F	0.05%
CAG	F	0.05%
REG	A	0.05%
RNR	D	0.05%
JBL	C	0.05%
SWK	F	0.05%
EVRG	A	0.05%
HES	B	0.05%
EWBC	B	0.05%
FFIV	B	0.05%
NTAP	D	0.05%
ZTS	D	0.05%
EXPD	C	0.05%
ORI	A	0.04%
PNFP	B	0.04%
BRBR	A	0.04%
TW	B	0.04%
X	D	0.04%
TFX	F	0.04%
CNH	D	0.04%
CMA	A	0.04%
WST	B	0.04%
GME	C	0.04%
REXR	F	0.04%
DCI	A	0.04%
EL	F	0.04%
KNX	C	0.04%
DRI	B	0.04%
FRT	B	0.04%
DTM	A	0.04%
SNX	C	0.04%
AES	F	0.04%
WAL	B	0.04%
FBIN	F	0.04%
TTEK	F	0.04%
INGR	B	0.04%
RGLD	C	0.04%
WBS	A	0.04%
NLY	C	0.04%
AFG	A	0.04%
LAD	B	0.04%
WTRG	C	0.04%
MKTX	C	0.04%
LKQ	C	0.04%
RPRX	F	0.04%
AYI	A	0.04%
FOXA	A	0.04%
OHI	C	0.04%
DKS	D	0.04%
EHC	B	0.04%
AVY	F	0.04%
CIEN	B	0.04%
ARMK	B	0.04%
BKNG	A	0.04%
ALSN	B	0.04%
PRI	B	0.04%
DPZ	C	0.04%
PNW	A	0.04%
TAP	B	0.04%
DOX	C	0.04%
WWD	B	0.04%
BLD	F	0.04%
FWONK	A	0.04%
CTLT	D	0.04%
AFRM	B	0.04%
FHN	A	0.04%
CUBE	D	0.04%
DAY	B	0.04%
CRL	C	0.04%
AIZ	A	0.04%
CCK	D	0.04%
KMX	B	0.04%
EVR	B	0.04%
NWSA	B	0.04%
IPG	F	0.04%
SOFI	B	0.04%
AA	C	0.04%
OVV	C	0.04%
PFGC	B	0.04%
CG	B	0.04%
SF	A	0.04%
ATR	A	0.04%
COLD	F	0.03%
AXS	A	0.03%
PARA	B	0.03%
WBA	D	0.03%
IVZ	B	0.03%
AZPN	A	0.03%
DINO	D	0.03%
DOCS	B	0.03%
MAT	C	0.03%
FND	F	0.03%
HRB	D	0.03%
RGEN	C	0.03%
WH	A	0.03%
WSM	F	0.03%
HR	C	0.03%
STAG	D	0.03%
VMI	B	0.03%
OKTA	C	0.03%
LSTR	B	0.03%
RLI	A	0.03%
WEX	D	0.03%
ALGN	D	0.03%
GWW	B	0.03%
CE	F	0.03%
GNTX	C	0.03%
CGNX	C	0.03%
R	B	0.03%
GXO	B	0.03%
ELAN	C	0.03%
MOH	F	0.03%
FR	D	0.03%
BIO	C	0.03%
AGNC	C	0.03%
PB	B	0.03%
FCN	F	0.03%
ATI	F	0.03%
SSD	F	0.03%
OSK	B	0.03%
VFC	C	0.03%
MKSI	C	0.03%
ESAB	B	0.03%
FMC	F	0.03%
COKE	C	0.03%
CHE	D	0.03%
MIDD	D	0.03%
SKX	F	0.03%
FAST	B	0.03%
KEX	A	0.03%
ADC	A	0.03%
JAZZ	B	0.03%
MHK	D	0.03%
BWA	B	0.03%
MTSI	B	0.03%
PR	C	0.03%
RHI	B	0.03%
SAIC	D	0.03%
MNST	B	0.03%
BERY	D	0.03%
RRC	B	0.03%
NNN	F	0.03%
FLS	B	0.03%
MTCH	F	0.03%
ROKU	C	0.03%
LW	B	0.03%
APA	F	0.03%
WYNN	C	0.03%
HII	F	0.03%
VNO	C	0.03%
SHW	A	0.03%
G	B	0.03%
ACI	C	0.03%
LBRDK	C	0.03%
SNV	B	0.03%
TKO	D	0.03%
CFR	B	0.03%
CART	C	0.03%
CHRD	D	0.03%
CBSH	A	0.03%
VOYA	B	0.03%
WTFC	B	0.03%
LAMR	D	0.03%
AAL	B	0.03%
ZION	B	0.03%
FYBR	D	0.03%
AR	B	0.03%
LECO	C	0.03%
APG	C	0.03%
COIN	B	0.03%
EGP	D	0.03%
BRX	A	0.03%
CR	B	0.03%
FICO	B	0.03%
HSIC	F	0.03%
GWRE	A	0.03%
RIVN	F	0.03%
JLL	C	0.03%
CZR	F	0.03%
GPK	D	0.03%
KBR	D	0.03%
AXTA	A	0.03%
WAT	B	0.03%
CPB	F	0.03%
HRL	F	0.03%
ALLY	C	0.03%
HLI	B	0.03%
TTC	F	0.03%
MOS	D	0.03%
WCC	B	0.03%
RL	B	0.03%
JEF	B	0.03%
NYT	C	0.03%
BWXT	B	0.03%
GMED	B	0.03%
PTC	B	0.03%
AOS	F	0.03%
MTZ	B	0.03%
RBC	B	0.03%
VNOM	C	0.02%
ALNY	D	0.02%
DXC	B	0.02%
TYL	B	0.02%
IAC	F	0.02%
HOG	D	0.02%
RH	C	0.02%
FLO	F	0.02%
ASH	F	0.02%
CLF	F	0.02%
MSM	C	0.02%
KMPR	A	0.02%
OGN	F	0.02%
OLED	F	0.02%
AMTM	D	0.02%
LINE	F	0.02%
TPG	B	0.02%
AN	C	0.02%
GTES	B	0.02%
SITE	D	0.02%
M	C	0.02%
PAYC	B	0.02%
DLB	D	0.02%
AWI	B	0.02%
WLK	F	0.02%
GFS	C	0.02%
SLGN	B	0.02%
EEFT	C	0.02%
AGO	B	0.02%
RYN	F	0.02%
AZO	B	0.02%
WTM	A	0.02%
CUZ	B	0.02%
KRC	C	0.02%
AMP	A	0.02%
AL	B	0.02%
OZK	B	0.02%
CROX	F	0.02%
ST	F	0.02%
FRPT	B	0.02%
TKR	F	0.02%
UGI	D	0.02%
BYD	A	0.02%
SON	F	0.02%
SLM	A	0.02%
ROIV	D	0.02%
AVT	C	0.02%
HXL	F	0.02%
WSC	F	0.02%
PSN	C	0.02%
OLN	F	0.02%
CCCS	B	0.02%
NFG	D	0.02%
LEA	F	0.02%
POST	D	0.02%
ORLY	A	0.02%
FOX	A	0.02%
RITM	C	0.02%
SN	C	0.02%
THO	B	0.02%
LITE	B	0.02%
EXAS	F	0.02%
GNRC	B	0.02%
THG	A	0.02%
BFAM	F	0.02%
JHG	A	0.02%
AGCO	F	0.02%
FNB	B	0.02%
BC	D	0.02%
IDA	A	0.02%
PVH	C	0.02%
AMG	B	0.02%
H	B	0.02%
WHR	B	0.02%
LNC	B	0.02%
BILL	B	0.02%
WMS	F	0.02%
BEN	C	0.02%
SAIA	B	0.02%
OLLI	C	0.02%
STWD	C	0.02%
BPOP	C	0.02%
MTDR	B	0.02%
VNT	C	0.02%
OMF	A	0.02%
LFUS	D	0.02%
KD	A	0.02%
MTG	C	0.02%
COLB	A	0.02%
SIRI	C	0.02%
ARW	F	0.02%
FAF	C	0.02%
S	B	0.02%
ESI	B	0.02%
ALK	A	0.02%
NOV	C	0.02%
MSA	D	0.02%
DAR	B	0.02%
ONTO	F	0.02%
CERT	F	0.01%
NCNO	B	0.01%
LBRDA	C	0.01%
SNDR	B	0.01%
REYN	D	0.01%
TRIP	D	0.01%
TER	F	0.01%
LEG	F	0.01%
UA	B	0.01%
INFA	F	0.01%
WEN	C	0.01%
GO	C	0.01%
CRI	D	0.01%
BIRK	F	0.01%
QS	F	0.01%
LEN	D	0.01%
CLVT	F	0.01%
VSTS	D	0.01%
FTRE	D	0.01%
KSS	D	0.01%
UAA	B	0.01%
CNXC	F	0.01%
PPC	C	0.01%
AZEK	B	0.01%
ALAB	C	0.01%
PSTG	D	0.01%
ETSY	D	0.01%
LPX	A	0.01%
LCID	F	0.01%
SAM	B	0.01%
RCM	B	0.01%
JWN	B	0.01%
AAP	C	0.01%
WU	F	0.01%
ADT	C	0.01%
RKT	F	0.01%
CWEN	D	0.01%
BR	A	0.01%
HAYW	B	0.01%
YETI	D	0.01%
BRKR	F	0.01%
QDEL	F	0.01%
CPRI	F	0.01%
IPGP	C	0.01%
PINC	B	0.01%
GLOB	B	0.01%
SHC	D	0.01%
AZTA	F	0.01%
ULTA	C	0.01%
SPB	A	0.01%
ENOV	C	0.01%
AGR	C	0.01%
MP	C	0.01%
EXP	B	0.01%
BOKF	B	0.01%
HHH	B	0.01%
ALGM	F	0.01%
CC	C	0.01%
COTY	D	0.01%
CXT	F	0.01%
COLM	B	0.01%
VIRT	B	0.01%
SEE	C	0.01%
LLYVK	B	0.01%
CNM	D	0.01%
MPW	F	0.01%
PAG	B	0.01%
NSA	D	0.01%
PK	C	0.01%
MAN	F	0.01%
PENN	B	0.01%
SMG	D	0.01%
AMKR	F	0.01%
AMED	F	0.01%
BROS	B	0.01%
BHF	B	0.01%
NXST	C	0.01%
SPR	F	0.01%
ECG	D	0.01%
AM	B	0.01%
IRDM	B	0.01%
LBTYK	F	0.01%
HUN	F	0.01%
LBTYA	F	0.01%
VAC	B	0.01%
CPRT	A	0.01%
MASI	B	0.01%
ZG	B	0.01%
EPR	D	0.01%
U	F	0.01%
LOPE	B	0.01%
FHB	B	0.01%
NVST	C	0.01%
HIW	D	0.01%
PII	F	0.01%
PRGO	C	0.01%
XRAY	F	0.01%
MDU	D	0.01%
NWS	B	0.01%
TNL	A	0.01%
W	F	0.01%
ACHC	F	0.01%
ZI	C	0.01%
DNB	B	0.01%
PLNT	A	0.01%
NEU	C	0.01%
UHAL	D	0.01%
CIVI	D	0.01%
MSGS	B	0.01%
LOAR	C	0.0%
UWMC	F	0.0%
SEG	F	0.0%
PARAA	B	0.0%
NFE	F	0.0%
UHAL	D	0.0%
GRAL	B	0.0%
LAZ	C	0.0%
IONS	F	0.0%
TXG	F	0.0%
CACC	D	0.0%
CHH	B	0.0%
DJT	C	0.0%
UI	B	0.0%
SEB	F	0.0%
TFSL	A	0.0%
PATH	C	0.0%
FIVE	F	0.0%
CAR	C	0.0%
CWEN	D	0.0%
LSCC	D	0.0%
HCP	A	0.0%
CNA	C	0.0%
MTN	C	0.0%
FWONA	B	0.0%
PYCR	B	0.0%
HAS	D	0.0%
AS	B	0.0%
DV	C	0.0%
LLYVA	B	0.0%
DDS	B	0.0%
WOLF	F	0.0%

IWD Underweight 46 Positions Relative to FHEQ

Symbol	Grade	Weight
NVDA	A	-7.54%
AAPL	C	-7.05%
MSFT	C	-5.62%
AMZN	A	-3.61%
META	B	-2.96%
GOOGL	C	-2.05%
GOOG	C	-1.98%
AVGO	C	-1.73%
MA	B	-1.33%
NFLX	A	-1.21%
TSLA	B	-1.15%
ADBE	C	-0.96%
LLY	F	-0.84%
MRK	F	-0.66%
KLAC	F	-0.57%
CMG	B	-0.55%
IGT	F	-0.49%
V	A	-0.46%
COST	B	-0.45%
WM	A	-0.38%
MEDP	D	-0.35%
TDC	F	-0.34%
NOW	A	-0.34%
ANF	C	-0.33%
SKYW	B	-0.3%
ALRM	C	-0.26%
LRCX	F	-0.24%
AMT	F	-0.21%
DOCU	B	-0.2%
CLX	A	-0.19%
IDXX	F	-0.18%
LNW	F	-0.18%
PEGA	B	-0.17%
WDAY	B	-0.16%
TPH	C	-0.15%
UBER	F	-0.14%
VEEV	B	-0.13%
BAH	C	-0.12%
NBIX	C	-0.11%
VST	B	-0.1%
ANET	C	-0.08%
BCC	B	-0.07%
ORCL	A	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
MHO	D	-0.02%