IWD vs. FVD ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to First Trust VL Dividend (FVD)

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

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$45.25

Average Daily Volume

740,835

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	IWD	FVD
30 Days	3.42%	3.55%
60 Days	5.20%	7.13%
90 Days	8.20%	10.53%
12 Months	22.86%	19.02%

149 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in FVD	Overlap
ABBV	C	0.79%	0.47%	0.47%
ABT	C	0.82%	0.5%	0.5%
ACN	C	0.89%	0.5%	0.5%
ADI	C	0.45%	0.47%	0.45%
ADP	B	0.03%	0.49%	0.03%
AEE	C	0.09%	0.49%	0.09%
AEP	C	0.22%	0.5%	0.22%
AFL	C	0.25%	0.48%	0.25%
AGR	B	0.01%	0.48%	0.01%
AIZ	B	0.04%	0.48%	0.04%
ALL	B	0.17%	0.49%	0.17%
AMGN	B	0.16%	0.49%	0.16%
AOS	D	0.04%	0.46%	0.04%
APD	B	0.26%	0.48%	0.26%
ATO	B	0.08%	0.5%	0.08%
AVY	C	0.04%	0.48%	0.04%
BAX	C	0.08%	0.5%	0.08%
BDX	D	0.27%	0.48%	0.27%
BK	B	0.21%	0.5%	0.21%
BLK	B	0.53%	0.48%	0.48%
BMY	C	0.4%	0.48%	0.4%
BR	D	0.01%	0.48%	0.01%
CAG	C	0.06%	0.49%	0.06%
CAT	B	0.59%	0.47%	0.47%
CB	B	0.47%	0.5%	0.47%
CBSH	C	0.03%	0.47%	0.03%
CHRW	B	0.05%	0.47%	0.05%
CL	D	0.16%	0.49%	0.16%
CMCSA	D	0.62%	0.47%	0.47%
CME	C	0.32%	0.5%	0.32%
CMI	C	0.17%	0.46%	0.17%
CMS	C	0.08%	0.49%	0.08%
CNA	C	0.0%	0.47%	0.0%
CPB	C	0.04%	0.48%	0.04%
CSCO	C	0.82%	0.47%	0.47%
CSX	D	0.27%	0.48%	0.27%
CTSH	C	0.16%	0.48%	0.16%
CVX	D	0.98%	0.45%	0.45%
DCI	C	0.03%	0.45%	0.03%
DE	B	0.41%	0.49%	0.41%
DGX	B	0.07%	0.48%	0.07%
DLB	D	0.02%	0.47%	0.02%
DOX	C	0.04%	0.48%	0.04%
DTE	C	0.11%	0.48%	0.11%
DTM	B	0.03%	0.48%	0.03%
DUK	C	0.37%	0.49%	0.37%
ED	C	0.15%	0.49%	0.15%
EMR	D	0.24%	0.47%	0.24%
EQIX	C	0.32%	0.51%	0.32%
ES	C	0.1%	0.49%	0.1%
ETR	B	0.11%	0.5%	0.11%
EVRG	B	0.05%	0.49%	0.05%
EXC	C	0.16%	0.51%	0.16%
FAST	C	0.03%	0.5%	0.03%
FLO	C	0.02%	0.48%	0.02%
G	C	0.03%	0.47%	0.03%
GD	B	0.34%	0.5%	0.34%
GILD	B	0.42%	0.52%	0.42%
GIS	B	0.17%	0.5%	0.17%
GNTX	F	0.03%	0.44%	0.03%
GRMN	D	0.11%	0.49%	0.11%
GS	C	0.45%	0.45%	0.45%
HD	B	0.31%	0.48%	0.31%
HII	D	0.04%	0.45%	0.04%
HLI	B	0.03%	0.47%	0.03%
HON	D	0.46%	0.48%	0.46%
HRL	C	0.04%	0.47%	0.04%
HSY	C	0.1%	0.49%	0.1%
HUBB	B	0.09%	0.5%	0.09%
IBM	B	0.8%	0.52%	0.52%
IDA	C	0.02%	0.49%	0.02%
IEX	D	0.06%	0.47%	0.06%
INGR	B	0.04%	0.49%	0.04%
ITW	C	0.19%	0.48%	0.19%
JCI	B	0.2%	0.48%	0.2%
JKHY	B	0.05%	0.5%	0.05%
JNJ	C	1.62%	0.48%	0.48%
JNPR	B	0.05%	0.48%	0.05%
JPM	D	2.37%	0.45%	0.45%
K	B	0.09%	0.48%	0.09%
KDP	B	0.16%	0.49%	0.16%
KHC	C	0.13%	0.47%	0.13%
KMB	D	0.12%	0.48%	0.12%
KO	C	0.48%	0.48%	0.48%
KR	C	0.15%	0.5%	0.15%
LECO	F	0.03%	0.43%	0.03%
LHX	C	0.18%	0.48%	0.18%
LMT	C	0.33%	0.49%	0.33%
LNT	B	0.06%	0.49%	0.06%
LOW	B	0.59%	0.48%	0.48%
MCD	B	0.81%	0.49%	0.49%
MDLZ	B	0.41%	0.5%	0.41%
MDT	C	0.48%	0.49%	0.48%
MKC	C	0.09%	0.51%	0.09%
MMC	C	0.4%	0.49%	0.4%
MMM	B	0.24%	0.48%	0.24%
MO	C	0.37%	0.48%	0.37%
MS	D	0.43%	0.46%	0.43%
MSM	D	0.01%	0.46%	0.01%
NDAQ	A	0.12%	0.5%	0.12%
NEU	D	0.02%	0.48%	0.02%
NFG	B	0.02%	0.48%	0.02%
NI	B	0.06%	0.49%	0.06%
NKE	D	0.15%	0.45%	0.15%
NOC	B	0.29%	0.49%	0.29%
NSC	C	0.22%	0.51%	0.22%
OTIS	C	0.15%	0.48%	0.15%
PAYX	C	0.11%	0.5%	0.11%
PCAR	D	0.2%	0.48%	0.2%
PEG	B	0.17%	0.5%	0.17%
PEP	C	0.21%	0.49%	0.21%
PFE	C	0.67%	0.49%	0.49%
PG	C	1.29%	0.49%	0.49%
PINC	C	0.01%	0.48%	0.01%
PKG	B	0.08%	0.49%	0.08%
PM	C	0.79%	0.5%	0.5%
PPG	D	0.12%	0.48%	0.12%
PPL	C	0.1%	0.48%	0.1%
PSA	B	0.19%	0.51%	0.19%
REYN	C	0.01%	0.5%	0.01%
RHI	D	0.03%	0.46%	0.03%
RTX	C	0.64%	0.49%	0.49%
SBUX	C	0.1%	0.5%	0.1%
SEIC	C	0.03%	0.48%	0.03%
SJM	C	0.05%	0.47%	0.05%
SLGN	B	0.02%	0.47%	0.02%
SNA	C	0.06%	0.47%	0.06%
SNX	D	0.03%	0.44%	0.03%
SO	B	0.4%	0.49%	0.4%
SON	C	0.02%	0.49%	0.02%
SRE	C	0.21%	0.48%	0.21%
T	C	0.63%	0.53%	0.53%
THG	B	0.02%	0.51%	0.02%
TJX	B	0.22%	0.47%	0.22%
TMUS	C	0.4%	0.49%	0.4%
TROW	D	0.09%	0.46%	0.09%
TRV	C	0.22%	0.51%	0.22%
TXN	C	0.65%	0.45%	0.45%
UNH	C	2.06%	0.48%	0.48%
UNP	C	0.32%	0.48%	0.32%
UPS	D	0.38%	0.48%	0.38%
VZ	B	0.76%	0.51%	0.51%
WEC	C	0.12%	0.49%	0.12%
WSO	C	0.07%	0.47%	0.07%
WTRG	D	0.04%	0.47%	0.04%
WTW	C	0.12%	0.49%	0.12%
XEL	B	0.14%	0.5%	0.14%
XOM	C	2.02%	0.45%	0.45%
YUM	D	0.09%	0.48%	0.09%

IWD Overweight 714 Positions Relative to FVD

Symbol	Grade	Weight
BRK.A	C	3.32%
WMT	C	1.42%
BAC	D	1.06%
TMO	B	0.95%
LIN	B	0.91%
WFC	D	0.75%
DHR	B	0.74%
NEE	C	0.7%
DIS	D	0.67%
SPGI	B	0.66%
GE	B	0.62%
BSX	B	0.5%
PLD	C	0.49%
COP	D	0.49%
ETN	C	0.49%
REGN	C	0.45%
C	C	0.45%
ELV	C	0.44%
MU	F	0.41%
SYK	C	0.38%
ICE	C	0.37%
AXP	B	0.37%
CI	C	0.37%
AMD	D	0.34%
SCHW	D	0.34%
INTC	F	0.34%
PH	B	0.31%
BA	F	0.31%
WELL	C	0.31%
CVS	D	0.3%
PYPL	B	0.3%
PNC	B	0.29%
AON	B	0.28%
EOG	D	0.28%
FI	A	0.28%
USB	B	0.28%
TGT	C	0.28%
CARR	B	0.26%
FDX	C	0.26%
FCX	D	0.25%
GEV	B	0.25%
NEM	B	0.25%
VRTX	D	0.25%
MRVL	C	0.24%
KKR	B	0.24%
ROP	C	0.24%
TDG	B	0.24%
AJG	D	0.24%
CRH	B	0.24%
TFC	C	0.23%
SLB	F	0.23%
MPC	F	0.23%
HCA	B	0.23%
DHI	B	0.23%
OKE	B	0.22%
PSX	F	0.22%
O	C	0.22%
MAR	C	0.22%
TT	B	0.22%
WMB	B	0.22%
DLR	B	0.21%
CCI	C	0.21%
CEG	C	0.21%
GM	C	0.21%
COF	B	0.21%
D	C	0.2%
AIG	D	0.2%
FIS	B	0.19%
VLO	F	0.18%
KVUE	C	0.18%
LEN	B	0.18%
MET	B	0.18%
KMI	B	0.17%
MCHP	F	0.17%
PRU	C	0.17%
F	F	0.17%
RSG	D	0.17%
PCG	C	0.17%
AME	C	0.16%
HUM	F	0.16%
MCK	F	0.16%
EA	D	0.16%
ROST	C	0.16%
SPG	B	0.16%
CTVA	B	0.16%
CNC	D	0.16%
A	C	0.16%
STZ	D	0.16%
ACGL	C	0.16%
HWM	B	0.15%
CRM	D	0.15%
CBRE	A	0.15%
FERG	D	0.15%
IR	C	0.15%
URI	B	0.15%
EXR	B	0.15%
IQV	C	0.15%
MSI	B	0.15%
GEHC	C	0.14%
DD	B	0.14%
OXY	F	0.14%
HIG	B	0.14%
NUE	F	0.14%
DOW	D	0.14%
VICI	C	0.14%
APH	D	0.13%
XYL	C	0.13%
CHTR	D	0.13%
CSGP	D	0.13%
EBAY	B	0.13%
EIX	C	0.13%
GLW	C	0.13%
DFS	B	0.13%
EW	F	0.13%
AVB	B	0.13%
BKR	C	0.13%
BIIB	F	0.12%
FITB	B	0.12%
AWK	B	0.12%
DAL	C	0.12%
MTD	D	0.12%
PHM	B	0.12%
EQR	B	0.12%
WAB	B	0.12%
ADM	D	0.12%
MLM	D	0.12%
EFX	B	0.12%
FANG	D	0.12%
ON	D	0.12%
HLT	B	0.11%
RCL	B	0.11%
SBAC	C	0.11%
KEYS	C	0.11%
VTR	C	0.11%
RMD	C	0.11%
IFF	B	0.11%
PWR	B	0.11%
ROK	D	0.11%
NVR	B	0.11%
ANSS	D	0.11%
MTB	B	0.11%
GPN	D	0.11%
PGR	B	0.1%
WY	C	0.1%
DELL	D	0.1%
STE	C	0.1%
LYB	D	0.1%
FSLR	C	0.1%
HAL	F	0.1%
HPQ	D	0.1%
DVN	F	0.1%
STT	A	0.1%
DOV	B	0.1%
CHD	D	0.1%
TTWO	C	0.1%
FE	C	0.1%
FTV	C	0.1%
WDC	D	0.09%
BBY	C	0.09%
ARE	C	0.09%
COO	B	0.09%
ZBH	F	0.09%
FCNCA	D	0.09%
MRNA	F	0.09%
CBOE	C	0.09%
HPE	D	0.09%
RJF	C	0.09%
INVH	C	0.09%
VMC	D	0.09%
LH	C	0.08%
DG	F	0.08%
HOLX	B	0.08%
APTV	D	0.08%
SYF	C	0.08%
PFG	B	0.08%
GPC	D	0.08%
MAA	B	0.08%
OMC	B	0.08%
BLDR	C	0.08%
ESS	B	0.08%
TDY	B	0.08%
LNG	C	0.08%
RF	B	0.08%
SQ	D	0.08%
BALL	C	0.08%
ILMN	C	0.08%
WBD	D	0.08%
MSTR	D	0.08%
HBAN	B	0.08%
CINF	B	0.08%
LDOS	B	0.08%
DOC	C	0.07%
SSNC	B	0.07%
UAL	C	0.07%
SWKS	D	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%
CCL	C	0.07%
LUV	C	0.07%
TSN	C	0.07%
MAS	B	0.07%
CNP	C	0.07%
NTRS	A	0.07%
J	C	0.07%
WRB	C	0.07%
MSCI	C	0.07%
SUI	B	0.07%
AVTR	B	0.07%
EQT	D	0.07%
CFG	C	0.07%
TRU	B	0.07%
USFD	B	0.06%
WPC	C	0.06%
BG	D	0.06%
REG	C	0.06%
TRMB	C	0.06%
VTRS	D	0.06%
AMH	C	0.06%
EG	C	0.06%
GGG	C	0.06%
BRO	C	0.06%
JBHT	D	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%
SYY	D	0.06%
IRM	C	0.06%
CDW	D	0.06%
HOOD	C	0.06%
UTHR	C	0.06%
VRSN	D	0.06%
GEN	B	0.06%
CF	C	0.06%
AKAM	D	0.06%
VLTO	C	0.06%
KEY	B	0.06%
RVTY	B	0.06%
MRO	C	0.06%
PNR	B	0.06%
APO	C	0.06%
ZTS	C	0.06%
MKL	C	0.06%
UDR	C	0.06%
TOL	B	0.06%
SWK	B	0.06%
THC	A	0.06%
FNF	B	0.06%
AMCR	B	0.06%
KIM	C	0.06%
RS	D	0.06%
BMRN	F	0.06%
EME	B	0.05%
CAH	C	0.05%
BLD	D	0.05%
DKS	D	0.05%
SCI	B	0.05%
JBL	D	0.05%
KMX	D	0.05%
SW	B	0.05%
TECH	C	0.05%
QCOM	D	0.05%
IPG	C	0.05%
TFX	C	0.05%
CASY	D	0.05%
CW	B	0.05%
RPM	B	0.05%
EMN	B	0.05%
CUBE	B	0.05%
HST	C	0.05%
FFIV	B	0.05%
ALLE	B	0.05%
EL	F	0.05%
BXP	B	0.05%
CLH	A	0.05%
HES	F	0.05%
AMAT	D	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%
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%
FYBR	C	0.04%
MGM	F	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%
MKTX	C	0.04%
CHK	D	0.04%
TAP	D	0.04%
PFGC	B	0.04%
AFG	B	0.04%
UNM	B	0.04%
FRT	C	0.04%
TTEK	C	0.04%
SOLV	C	0.04%
CVNA	B	0.04%
GL	C	0.04%
WWD	D	0.04%
NWSA	D	0.04%
TPR	C	0.04%
FWONK	C	0.04%
ARMK	B	0.04%
OHI	B	0.04%
ATR	B	0.04%
AFRM	C	0.04%
CRL	F	0.04%
CE	F	0.04%
NLY	B	0.04%
NRG	C	0.04%
ALB	D	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%
LKQ	F	0.04%
FDS	C	0.04%
EWBC	D	0.04%
INCY	C	0.04%
RIVN	F	0.04%
ITT	B	0.04%
NOV	F	0.03%
PARA	F	0.03%
LW	D	0.03%
CROX	D	0.03%
CGNX	F	0.03%
BIO	C	0.03%
OKTA	F	0.03%
STWD	B	0.03%
BPOP	C	0.03%
CART	A	0.03%
VNO	B	0.03%
LSTR	D	0.03%
AAL	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%
WBA	F	0.03%
PR	F	0.03%
RGEN	F	0.03%
ARW	C	0.03%
JAZZ	D	0.03%
ZION	D	0.03%
MTG	B	0.03%
SOFI	C	0.03%
WTFC	B	0.03%
SWN	D	0.03%
RL	C	0.03%
RRC	D	0.03%
BFAM	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%
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%
DINO	F	0.03%
BWA	D	0.03%
WYNN	D	0.03%
FR	B	0.03%
CR	C	0.03%
WSM	D	0.03%
WEX	C	0.03%
ALGN	D	0.03%
LAD	D	0.03%
WAT	C	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%
DAY	D	0.03%
APG	D	0.03%
SHW	B	0.03%
TKO	B	0.03%
ACI	F	0.03%
FMC	C	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%
ECL	B	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%
CZR	C	0.03%
MHK	C	0.03%
TWLO	D	0.03%
JLL	B	0.03%
BRX	B	0.03%
MOS	F	0.03%
LAMR	B	0.03%
EVR	A	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%
CIVI	F	0.02%
DXC	C	0.02%
RH	B	0.02%
IAC	C	0.02%
AMP	A	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%
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%
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%
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%
ORLY	C	0.02%
COIN	F	0.02%
OGN	D	0.02%
OMF	D	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%
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%
GWW	B	0.02%
SRCL	A	0.02%
POST	C	0.02%
ESI	D	0.02%
BEN	F	0.02%
DASH	C	0.02%
RITM	B	0.02%
IVZ	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%
BBWI	F	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%
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%
ETSY	F	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%
ULTA	D	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%
CRI	D	0.01%
VAC	F	0.01%
SEE	D	0.01%
BHF	F	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%
NWS	D	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%
AWI	B	0.01%
CTAS	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%
HAS	B	0.0%

IWD Underweight 45 Positions Relative to FVD

Symbol	Grade	Weight
TR	C	-0.53%
BTI	C	-0.51%
CLX	C	-0.51%
OGS	B	-0.5%
INFY	C	-0.5%
LANC	D	-0.5%
TD	B	-0.5%
SIGI	D	-0.49%
ALE	B	-0.49%
SNY	B	-0.49%
AWR	B	-0.49%
CNI	D	-0.49%
GSK	C	-0.49%
TSM	C	-0.49%
MSEX	C	-0.49%
UL	C	-0.49%
CPK	B	-0.49%
TSCO	C	-0.49%
WDFC	C	-0.48%
POR	C	-0.48%
BRC	C	-0.48%
MRK	D	-0.48%
CWT	C	-0.48%
SR	B	-0.48%
WM	D	-0.48%
BAH	C	-0.48%
NJR	B	-0.48%
NVS	C	-0.47%
CALM	A	-0.47%
POOL	C	-0.47%
GATX	D	-0.47%
WERN	D	-0.47%
NWN	C	-0.47%
TM	F	-0.47%
JJSF	C	-0.47%
SXT	C	-0.47%
HMC	D	-0.47%
DEO	C	-0.47%
TEL	D	-0.46%
MMS	C	-0.46%
SWX	C	-0.46%
SCL	D	-0.45%
IOSP	D	-0.45%
UVV	D	-0.45%
OTTR	F	-0.4%