IWD vs. HAPI ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Harbor Corporate Culture ETF (HAPI)

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

$197.71

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

HAPI

Harbor Corporate Culture ETF

HAPI Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those the advisor believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$36.20

Average Daily Volume

5,644

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	IWD	HAPI
30 Days	3.53%	2.60%
60 Days	4.90%	4.98%
90 Days	6.95%	6.65%
12 Months	29.54%	35.11%

112 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in HAPI	Overlap
A	D	0.15%	0.2%	0.15%
ACGL	D	0.14%	0.19%	0.14%
ADP	B	0.03%	0.39%	0.03%
AEE	A	0.09%	0.16%	0.09%
ALNY	D	0.01%	0.17%	0.01%
AMAT	F	0.04%	0.76%	0.04%
AMD	F	0.29%	0.67%	0.29%
AMGN	D	0.13%	0.89%	0.13%
ANSS	B	0.11%	0.09%	0.09%
AXP	A	0.39%	0.91%	0.39%
BAC	A	1.23%	1.88%	1.23%
BDX	F	0.25%	0.36%	0.25%
BG	F	0.05%	0.08%	0.05%
BKNG	A	0.04%	1.52%	0.04%
BKR	B	0.17%	0.26%	0.17%
BLDR	D	0.07%	0.19%	0.07%
BLK	C	0.6%	0.87%	0.6%
BMRN	D	0.05%	0.06%	0.05%
BR	A	0.01%	0.09%	0.01%
BRO	B	0.06%	0.14%	0.06%
BSX	B	0.5%	1.15%	0.5%
CAT	B	0.63%	1.13%	0.63%
CBOE	B	0.08%	0.12%	0.08%
CINF	A	0.09%	0.13%	0.09%
CL	D	0.13%	0.3%	0.13%
CME	A	0.32%	0.44%	0.32%
CMI	A	0.19%	0.29%	0.19%
CPT	B	0.05%	0.07%	0.05%
CRM	B	0.18%	0.94%	0.18%
CSCO	B	0.91%	0.75%	0.75%
CTVA	C	0.15%	0.31%	0.15%
CVX	A	1.08%	2.07%	1.08%
DAL	C	0.16%	0.23%	0.16%
DD	D	0.13%	0.29%	0.13%
DE	A	0.39%	0.67%	0.39%
DOC	D	0.06%	0.07%	0.06%
DOW	F	0.12%	0.29%	0.12%
DTE	C	0.1%	0.16%	0.1%
DUK	C	0.34%	0.6%	0.34%
EBAY	D	0.12%	0.29%	0.12%
ED	D	0.13%	0.23%	0.13%
EIX	B	0.12%	0.22%	0.12%
EPAM	C	0.05%	0.04%	0.04%
EQIX	A	0.31%	0.46%	0.31%
ESS	B	0.07%	0.11%	0.07%
EW	C	0.13%	0.21%	0.13%
EXC	C	0.15%	0.26%	0.15%
EXR	D	0.13%	0.2%	0.13%
F	C	0.17%	0.16%	0.16%
FCX	D	0.24%	0.61%	0.24%
FDS	B	0.05%	0.06%	0.05%
FICO	B	0.03%	0.17%	0.03%
FTNT	C	0.04%	0.18%	0.04%
GE	D	0.59%	1.05%	0.59%
GEHC	F	0.13%	0.15%	0.13%
GEV	B	0.35%	0.48%	0.35%
GILD	C	0.43%	0.65%	0.43%
GIS	D	0.14%	0.15%	0.14%
GWW	B	0.03%	0.41%	0.03%
HIG	B	0.13%	0.19%	0.13%
HLT	A	0.12%	0.58%	0.12%
HON	B	0.49%	0.95%	0.49%
HPE	B	0.11%	0.09%	0.09%
HPQ	B	0.11%	0.12%	0.11%
IBM	C	0.73%	0.6%	0.6%
INTC	D	0.4%	0.32%	0.32%
J	F	0.07%	0.05%	0.05%
JNJ	D	1.45%	2.09%	1.45%
JPM	A	2.74%	3.99%	2.74%
KKR	A	0.28%	0.5%	0.28%
KMB	D	0.1%	0.18%	0.1%
KO	D	0.4%	0.93%	0.4%
LHX	C	0.18%	0.28%	0.18%
LMT	D	0.3%	0.83%	0.3%
LUV	C	0.08%	0.1%	0.08%
MAR	B	0.25%	0.68%	0.25%
MDLZ	F	0.34%	0.35%	0.34%
MO	A	0.37%	0.38%	0.37%
MOH	F	0.02%	0.08%	0.02%
MRVL	B	0.27%	0.24%	0.24%
MS	A	0.57%	1.02%	0.57%
MSCI	C	0.07%	0.15%	0.07%
NDAQ	A	0.13%	0.16%	0.13%
NKE	D	0.14%	0.33%	0.14%
NOC	D	0.27%	0.45%	0.27%
NTAP	C	0.05%	0.08%	0.05%
OXY	D	0.13%	0.27%	0.13%
PEP	F	0.18%	0.84%	0.18%
PFE	D	0.55%	0.77%	0.55%
PFG	D	0.08%	0.12%	0.08%
PG	A	1.21%	1.56%	1.21%
PHM	D	0.1%	0.11%	0.1%
PLD	D	0.41%	0.56%	0.41%
PWR	A	0.13%	0.26%	0.13%
QCOM	F	0.04%	0.56%	0.04%
RMD	C	0.1%	0.2%	0.1%
ROK	B	0.12%	0.09%	0.09%
SBAC	D	0.09%	0.14%	0.09%
SLB	C	0.24%	0.38%	0.24%
SO	D	0.37%	0.64%	0.37%
SPG	B	0.17%	0.31%	0.17%
STLD	B	0.08%	0.2%	0.08%
STZ	D	0.15%	0.14%	0.14%
SYF	B	0.1%	0.15%	0.1%
TER	D	0.01%	0.05%	0.01%
TRMB	B	0.07%	0.05%	0.05%
TRV	B	0.23%	0.33%	0.23%
TXN	C	0.63%	0.61%	0.61%
URI	B	0.16%	0.31%	0.16%
WMB	A	0.27%	0.56%	0.27%
ZBRA	B	0.06%	0.06%	0.06%
ZTS	D	0.05%	0.46%	0.05%

IWD Overweight 753 Positions Relative to HAPI

Symbol	Grade	Weight
BRK.A	B	3.35%
XOM	B	2.08%
UNH	C	1.98%
WMT	A	1.42%
WFC	A	1.01%
ACN	C	0.86%
LIN	D	0.84%
DIS	B	0.82%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
VZ	C	0.68%
ABBV	D	0.65%
CMCSA	B	0.64%
T	A	0.63%
NEE	D	0.61%
SPGI	C	0.61%
RTX	C	0.61%
LOW	D	0.6%
DHR	F	0.58%
ETN	A	0.56%
GS	A	0.53%
COP	C	0.51%
C	A	0.51%
CB	C	0.45%
MDT	D	0.44%
TMUS	B	0.44%
BMY	B	0.44%
SCHW	B	0.42%
MU	D	0.41%
ADI	D	0.4%
SYK	C	0.39%
UPS	C	0.38%
MMC	B	0.37%
PH	A	0.35%
PYPL	B	0.34%
ICE	C	0.34%
CI	F	0.32%
HD	A	0.32%
WELL	A	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	F	0.31%
BA	F	0.31%
EOG	A	0.3%
USB	A	0.3%
ELV	F	0.3%
AON	A	0.29%
UNP	C	0.29%
REGN	F	0.28%
EMR	A	0.28%
CSX	B	0.27%
COF	B	0.27%
APD	A	0.27%
TGT	F	0.27%
FDX	B	0.26%
CVS	D	0.26%
CRH	A	0.26%
GM	B	0.25%
OKE	A	0.25%
TT	A	0.24%
TFC	A	0.24%
AFL	B	0.24%
CARR	D	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
ROP	B	0.23%
NSC	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
VRTX	F	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	C	0.22%
PCAR	B	0.22%
BK	A	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
DHI	D	0.19%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	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%
PRU	A	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
EA	A	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
PCG	A	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
LEN	D	0.16%
IR	B	0.16%
MSI	B	0.16%
FERG	B	0.15%
CTSH	B	0.15%
KR	B	0.15%
XEL	A	0.15%
APH	A	0.14%
NUE	C	0.14%
KDP	D	0.14%
MTB	A	0.14%
ROST	C	0.14%
GLW	B	0.14%
RCL	A	0.14%
CHTR	C	0.14%
GRMN	B	0.13%
AVB	B	0.13%
VICI	C	0.13%
HUM	C	0.13%
MCHP	D	0.13%
FANG	D	0.13%
MLM	B	0.13%
WAB	B	0.13%
GPN	B	0.12%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
RJF	A	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
ETR	B	0.12%
WTW	B	0.12%
FITB	A	0.12%
SQ	B	0.11%
VMC	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
EQR	B	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
XYL	D	0.11%
PAYX	C	0.11%
PPL	B	0.1%
MTD	D	0.1%
SBUX	A	0.1%
ADM	D	0.1%
HBAN	A	0.1%
VTR	C	0.1%
NVR	D	0.1%
KEYS	A	0.1%
TROW	B	0.1%
HAL	C	0.1%
AWK	D	0.1%
FTV	C	0.1%
FCNCA	A	0.1%
CHD	B	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
WY	D	0.09%
ZBH	C	0.09%
YUM	B	0.09%
BIIB	F	0.09%
HUBB	B	0.09%
PGR	A	0.09%
EQT	B	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
RF	A	0.09%
CCL	B	0.09%
EFX	F	0.09%
COO	D	0.08%
CNP	B	0.08%
LH	C	0.08%
BBY	D	0.08%
IP	B	0.08%
FSLR	F	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
ZM	B	0.08%
HSY	F	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
LYB	F	0.08%
EXE	B	0.08%
APO	B	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
TDY	B	0.08%
ATO	A	0.08%
MKL	A	0.07%
OC	A	0.07%
CVNA	B	0.07%
GPC	D	0.07%
MAS	D	0.07%
IEX	B	0.07%
PNR	A	0.07%
TRU	D	0.07%
CSL	C	0.07%
RS	B	0.07%
KEY	B	0.07%
DGX	A	0.07%
WRB	A	0.07%
HOLX	D	0.07%
WSO	A	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EXPD	D	0.06%
EWBC	A	0.06%
VRSN	F	0.06%
HES	B	0.06%
APTV	D	0.06%
IRM	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
UDR	B	0.06%
THC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
L	A	0.06%
GGG	B	0.06%
RGA	A	0.06%
VTRS	A	0.06%
SUI	D	0.06%
TOL	B	0.06%
LNT	A	0.06%
SSNC	B	0.06%
FNF	B	0.06%
UTHR	C	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
GEN	B	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
UHS	D	0.05%
SOFI	A	0.05%
CAH	B	0.05%
CDW	F	0.05%
EMN	D	0.05%
MRNA	F	0.05%
JNPR	F	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%
CASY	A	0.05%
BXP	D	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
JKHY	D	0.05%
AMH	D	0.05%
CAG	D	0.05%
GLPI	C	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%
AKAM	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
RNR	C	0.05%
EG	C	0.05%
SWKS	F	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%
AVTR	F	0.05%
TW	A	0.04%
WST	C	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%
DRI	B	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%
COIN	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%
AVY	D	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%
BLD	D	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%
FOXA	B	0.04%
CCK	C	0.04%
EVR	B	0.04%
CTLT	B	0.04%
CUBE	D	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
PFGC	B	0.04%
TAP	C	0.04%
SJM	D	0.04%
ATR	B	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	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%
WSM	B	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%
DASH	A	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%
SHW	A	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%
ECL	D	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%
WAT	B	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
CPB	D	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%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	0.03%
WYNN	D	0.03%
GWRE	A	0.03%
ALLY	C	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%
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%
WLK	D	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%
AZO	C	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%
AMP	A	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%
ORLY	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%
CE	F	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%
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%
LEN	D	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%
ULTA	F	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%
CTAS	B	0.01%
OLED	D	0.01%
TYL	B	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 39 Positions Relative to HAPI

Symbol	Grade	Weight
NVDA	C	-8.04%
AAPL	C	-5.25%
AMZN	C	-5.0%
MSFT	F	-4.3%
META	D	-3.22%
GOOGL	C	-3.2%
LLY	F	-2.89%
GOOG	C	-2.81%
MA	C	-2.54%
XLC	A	-1.59%
NFLX	A	-1.14%
ISRG	A	-1.01%
MELI	D	-0.76%
ADBE	C	-0.74%
BX	A	-0.71%
NOW	A	-0.63%
INTU	C	-0.57%
ABNB	C	-0.49%
PANW	C	-0.34%
LULU	C	-0.31%
ANET	C	-0.27%
EXPE	B	-0.26%
KLAC	D	-0.25%
SNPS	B	-0.24%
CDNS	B	-0.24%
CRWD	B	-0.21%
ADSK	A	-0.2%
SPOT	B	-0.17%
WDAY	B	-0.16%
TTD	B	-0.15%
IT	C	-0.13%
TEAM	A	-0.13%
ARES	A	-0.12%
BAH	F	-0.11%
LII	A	-0.11%
HUBS	A	-0.1%
RBLX	C	-0.07%
MDB	C	-0.05%
BSY	D	-0.03%