IWD vs. HLAL ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Wahed FTSE USA Shariah ETF (HLAL)

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

$195.35

Average Daily Volume

1,497,584

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.96

Average Daily Volume

59,637

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	IWD	HLAL
30 Days	2.88%	2.12%
60 Days	6.50%	7.34%
90 Days	10.37%	8.02%
12 Months	33.92%	27.05%

166 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in HLAL	Overlap
A	D	0.15%	0.19%	0.15%
ABT	B	0.78%	0.94%	0.78%
ADI	D	0.44%	0.52%	0.44%
ADM	F	0.11%	0.12%	0.11%
ADP	A	0.03%	0.55%	0.03%
AGR	C	0.01%	0.01%	0.01%
AKAM	F	0.06%	0.07%	0.06%
ALB	C	0.04%	0.05%	0.04%
ALGN	F	0.03%	0.07%	0.03%
AMAT	D	0.05%	0.7%	0.05%
AMD	F	0.32%	1.04%	0.32%
ANSS	B	0.11%	0.13%	0.11%
APD	B	0.28%	0.32%	0.28%
APTV	F	0.06%	0.07%	0.06%
ARE	D	0.08%	0.09%	0.08%
ATO	A	0.08%	0.1%	0.08%
BDX	F	0.27%	0.31%	0.27%
BG	F	0.05%	0.05%	0.05%
BIIB	F	0.1%	0.12%	0.1%
BKR	B	0.15%	0.18%	0.15%
BLDR	D	0.07%	0.1%	0.07%
BMRN	F	0.05%	0.06%	0.05%
BSX	A	0.49%	0.58%	0.49%
CAH	B	0.04%	0.13%	0.04%
CARR	D	0.24%	0.28%	0.24%
CEG	D	0.28%	0.33%	0.28%
CF	B	0.06%	0.07%	0.06%
CHD	C	0.1%	0.12%	0.1%
CMI	B	0.18%	0.21%	0.18%
COP	C	0.51%	0.59%	0.51%
CRL	D	0.04%	0.04%	0.04%
CRM	A	0.17%	1.28%	0.17%
CSCO	A	0.89%	1.04%	0.89%
CTAS	A	0.01%	0.33%	0.01%
CTVA	C	0.17%	0.2%	0.17%
CVX	B	1.03%	1.22%	1.03%
DAL	B	0.15%	0.04%	0.04%
DD	D	0.14%	0.15%	0.14%
DELL	C	0.11%	0.16%	0.11%
DGX	B	0.07%	0.08%	0.07%
DHI	D	0.2%	0.23%	0.2%
DHR	F	0.63%	0.74%	0.63%
DLTR	F	0.05%	0.06%	0.05%
DOV	B	0.1%	0.12%	0.1%
DOW	F	0.14%	0.13%	0.13%
DVN	F	0.1%	0.11%	0.1%
EA	B	0.16%	0.19%	0.16%
EBAY	D	0.12%	0.14%	0.12%
EL	F	0.04%	0.07%	0.04%
EMR	B	0.25%	0.29%	0.25%
EW	F	0.13%	0.18%	0.13%
EXPD	D	0.06%	0.08%	0.06%
FANG	D	0.13%	0.16%	0.13%
FAST	B	0.03%	0.21%	0.03%
FDX	B	0.25%	0.28%	0.25%
FFIV	B	0.05%	0.06%	0.05%
FSLR	F	0.08%	0.1%	0.08%
FTV	F	0.1%	0.12%	0.1%
GEHC	D	0.14%	0.18%	0.14%
GEV	A	0.33%	0.37%	0.33%
GFS	C	0.01%	0.02%	0.01%
GLW	B	0.15%	0.17%	0.15%
GPC	F	0.06%	0.07%	0.06%
GRMN	B	0.12%	0.14%	0.12%
GWW	A	0.03%	0.21%	0.03%
HAL	D	0.1%	0.12%	0.1%
HES	C	0.05%	0.18%	0.05%
HOLX	D	0.07%	0.09%	0.07%
HPQ	B	0.11%	0.16%	0.11%
HUBB	B	0.09%	0.11%	0.09%
IEX	B	0.07%	0.08%	0.07%
IFF	F	0.1%	0.12%	0.1%
ILMN	B	0.09%	0.11%	0.09%
INTC	C	0.37%	0.45%	0.37%
IP	B	0.08%	0.07%	0.07%
IPG	F	0.04%	0.05%	0.04%
IR	B	0.15%	0.18%	0.15%
JBHT	B	0.06%	0.07%	0.06%
JCI	A	0.2%	0.23%	0.2%
JNJ	D	1.54%	1.76%	1.54%
JNPR	C	0.05%	0.06%	0.05%
KDP	F	0.15%	0.16%	0.15%
KO	D	0.43%	1.17%	0.43%
KVUE	A	0.18%	0.2%	0.18%
LEN	D	0.16%	0.19%	0.16%
LEN	D	0.01%	0.01%	0.01%
LEN	D	0.16%	0.01%	0.01%
LEN	D	0.01%	0.19%	0.01%
LH	A	0.08%	0.09%	0.08%
LIN	D	0.88%	1.01%	0.88%
LKQ	F	0.04%	0.05%	0.04%
LUV	B	0.07%	0.02%	0.02%
LYB	F	0.09%	0.1%	0.09%
MCK	B	0.15%	0.32%	0.15%
MDLZ	F	0.37%	0.42%	0.37%
MDT	C	0.46%	0.53%	0.46%
MKC	D	0.08%	0.09%	0.08%
MLM	B	0.14%	0.16%	0.14%
MMM	C	0.23%	0.32%	0.23%
MPC	F	0.21%	0.24%	0.21%
MRO	B	0.06%	0.07%	0.06%
MRVL	B	0.25%	0.34%	0.25%
MU	C	0.44%	0.52%	0.44%
NEM	D	0.21%	0.25%	0.21%
NKE	F	0.14%	0.43%	0.14%
NTAP	C	0.05%	0.11%	0.05%
NUE	C	0.14%	0.16%	0.14%
NWS	B	0.01%	0.02%	0.01%
NWSA	B	0.04%	0.05%	0.04%
OKTA	D	0.03%	0.05%	0.03%
OMC	B	0.08%	0.09%	0.08%
ON	D	0.12%	0.14%	0.12%
OXY	F	0.13%	0.16%	0.13%
PCAR	B	0.21%	0.25%	0.21%
PFE	F	0.64%	0.73%	0.64%
PG	D	1.21%	1.8%	1.21%
PHM	D	0.11%	0.12%	0.11%
PKG	B	0.08%	0.09%	0.08%
PLD	F	0.42%	0.49%	0.42%
PNR	B	0.07%	0.08%	0.07%
PPG	F	0.12%	0.14%	0.12%
PSX	F	0.2%	0.23%	0.2%
PTC	B	0.03%	0.1%	0.03%
PWR	A	0.12%	0.2%	0.12%
QCOM	C	0.05%	0.85%	0.05%
QRVO	F	0.03%	0.03%	0.03%
REG	B	0.05%	0.06%	0.05%
REGN	F	0.32%	0.4%	0.32%
RMD	B	0.1%	0.16%	0.1%
ROK	B	0.11%	0.14%	0.11%
ROP	B	0.23%	0.27%	0.23%
ROST	D	0.14%	0.21%	0.14%
RVTY	B	0.06%	0.07%	0.06%
SLB	D	0.23%	0.27%	0.23%
SNA	A	0.07%	0.08%	0.07%
STE	F	0.09%	0.1%	0.09%
STLD	B	0.08%	0.09%	0.08%
SWK	F	0.06%	0.07%	0.06%
SYK	A	0.36%	0.62%	0.36%
TECH	B	0.05%	0.05%	0.05%
TER	F	0.01%	0.08%	0.01%
TFX	F	0.04%	0.04%	0.04%
TJX	C	0.21%	0.59%	0.21%
TMO	F	0.83%	0.97%	0.83%
TRMB	A	0.06%	0.07%	0.06%
TT	A	0.22%	0.4%	0.22%
TTWO	B	0.11%	0.13%	0.11%
TXN	A	0.65%	0.85%	0.65%
TYL	B	0.02%	0.12%	0.02%
UAL	A	0.1%	0.03%	0.03%
ULTA	C	0.01%	0.08%	0.01%
UPS	D	0.39%	0.45%	0.39%
VLO	D	0.17%	0.19%	0.17%
VLTO	D	0.06%	0.12%	0.06%
VMC	B	0.11%	0.16%	0.11%
WAB	A	0.13%	0.15%	0.13%
WBA	F	0.03%	0.03%	0.03%
WDC	C	0.09%	0.1%	0.09%
WELL	B	0.33%	0.38%	0.33%
WLK	F	0.02%	0.02%	0.02%
WST	C	0.04%	0.11%	0.04%
WY	D	0.09%	0.11%	0.09%
XOM	B	2.1%	2.46%	2.1%
XYL	F	0.12%	0.14%	0.12%
ZBH	C	0.09%	0.1%	0.09%
ZBRA	B	0.06%	0.09%	0.06%

IWD Overweight 700 Positions Relative to HLAL

Symbol	Grade	Weight
BRK.A	C	3.3%
JPM	B	2.55%
UNH	B	1.94%
WMT	A	1.42%
BAC	B	1.14%
WFC	B	0.91%
ACN	C	0.87%
PM	C	0.83%
ABBV	B	0.82%
MCD	D	0.79%
IBM	D	0.76%
DIS	C	0.71%
VZ	D	0.71%
CMCSA	B	0.67%
T	B	0.65%
NEE	D	0.65%
RTX	C	0.64%
CAT	B	0.63%
LOW	B	0.6%
SPGI	D	0.6%
GE	C	0.59%
BLK	B	0.58%
ETN	A	0.53%
MS	B	0.51%
C	B	0.49%
GS	B	0.48%
CB	D	0.46%
BMY	C	0.45%
HON	B	0.45%
GILD	B	0.44%
TMUS	A	0.43%
DE	C	0.41%
SO	D	0.4%
AXP	B	0.38%
SCHW	B	0.38%
MMC	C	0.37%
MO	B	0.37%
DUK	D	0.36%
ICE	D	0.35%
BA	F	0.34%
EQIX	B	0.33%
HD	B	0.32%
ELV	F	0.32%
LMT	D	0.32%
GD	B	0.32%
CI	F	0.32%
CME	B	0.32%
PYPL	A	0.32%
PH	B	0.32%
FI	B	0.31%
UNP	D	0.3%
PNC	A	0.3%
USB	B	0.3%
AON	B	0.29%
TGT	F	0.28%
EOG	B	0.28%
NOC	C	0.28%
CVS	F	0.28%
KKR	B	0.27%
WMB	B	0.26%
FCX	C	0.26%
CRH	B	0.26%
CSX	B	0.26%
VRTX	A	0.25%
COF	B	0.25%
MAR	A	0.24%
OKE	A	0.23%
TDG	C	0.23%
NSC	B	0.23%
AJG	C	0.23%
GM	B	0.23%
TFC	B	0.23%
DLR	B	0.23%
AFL	D	0.23%
BK	B	0.22%
TRV	B	0.22%
O	D	0.21%
AEP	D	0.21%
SRE	A	0.21%
AIG	C	0.2%
D	C	0.2%
FIS	C	0.2%
HCA	D	0.2%
CCI	D	0.19%
LHX	A	0.19%
KMI	A	0.19%
PEP	F	0.19%
ITW	B	0.19%
PRU	C	0.18%
PSA	D	0.18%
PEG	D	0.18%
MET	C	0.18%
ALL	B	0.17%
AME	A	0.17%
PCG	B	0.17%
MSI	A	0.16%
MCHP	F	0.16%
EXC	D	0.16%
OTIS	B	0.16%
CBRE	A	0.16%
F	D	0.16%
RSG	B	0.16%
SPG	A	0.16%
URI	B	0.16%
KR	A	0.15%
STZ	F	0.15%
CTSH	B	0.15%
FERG	B	0.15%
DFS	B	0.15%
XEL	B	0.15%
HWM	B	0.15%
AMGN	C	0.15%
GIS	F	0.15%
EXR	D	0.14%
CL	F	0.14%
ED	D	0.14%
ACGL	D	0.14%
MSTR	B	0.14%
EIX	D	0.13%
AVB	A	0.13%
RCL	B	0.13%
MTB	B	0.13%
HIG	C	0.13%
CNC	F	0.13%
IQV	F	0.13%
ETR	B	0.13%
APH	B	0.13%
VICI	D	0.13%
CSGP	D	0.12%
KHC	F	0.12%
FITB	B	0.12%
WEC	B	0.12%
NDAQ	B	0.12%
CHTR	B	0.12%
WTW	B	0.12%
HUM	F	0.12%
NVR	D	0.11%
VTR	B	0.11%
GPN	C	0.11%
EQR	D	0.11%
KMB	D	0.11%
SW	B	0.11%
AWK	D	0.11%
MTD	F	0.11%
STT	B	0.11%
RJF	B	0.11%
HLT	A	0.11%
PAYX	A	0.11%
PPL	B	0.1%
FE	D	0.1%
TROW	B	0.1%
SBAC	D	0.1%
LDOS	A	0.1%
SBUX	B	0.1%
HPE	B	0.1%
DTE	D	0.1%
KEYS	A	0.1%
EFX	D	0.1%
LNG	A	0.09%
CINF	B	0.09%
SYF	B	0.09%
RF	B	0.09%
CCL	B	0.09%
HSY	F	0.09%
PGR	B	0.09%
HBAN	B	0.09%
CBOE	D	0.09%
YUM	C	0.09%
ES	D	0.09%
AEE	A	0.09%
FCNCA	B	0.09%
SQ	C	0.09%
PFG	C	0.08%
APO	B	0.08%
CFG	B	0.08%
INVH	D	0.08%
EXE	B	0.08%
BBY	D	0.08%
ZM	A	0.08%
WBD	C	0.08%
NTRS	B	0.08%
EQT	B	0.08%
COO	D	0.08%
CMS	D	0.08%
TDY	A	0.08%
K	A	0.08%
WSO	B	0.07%
RS	B	0.07%
UTHR	B	0.07%
SUI	F	0.07%
TSN	D	0.07%
CSL	C	0.07%
WRB	B	0.07%
CVNA	B	0.07%
J	C	0.07%
MRNA	F	0.07%
MAA	C	0.07%
MAS	D	0.07%
DG	F	0.07%
CTRA	C	0.07%
ESS	C	0.07%
BAX	F	0.07%
BALL	F	0.07%
MSCI	B	0.07%
TRU	C	0.07%
CNP	B	0.07%
VTRS	B	0.06%
CAG	F	0.06%
RGA	B	0.06%
UDR	C	0.06%
BRO	B	0.06%
VRSN	D	0.06%
SWKS	F	0.06%
NDSN	C	0.06%
USFD	B	0.06%
L	A	0.06%
SYY	C	0.06%
ZTS	F	0.06%
ACM	B	0.06%
THC	B	0.06%
TOL	B	0.06%
SSNC	C	0.06%
MKL	B	0.06%
TXT	D	0.06%
AVTR	F	0.06%
OC	B	0.06%
LNT	D	0.06%
IRM	C	0.06%
HOOD	A	0.06%
KIM	A	0.06%
DOC	B	0.06%
NI	A	0.06%
FNF	C	0.06%
GEN	B	0.06%
KEY	B	0.06%
AMCR	D	0.06%
IBKR	B	0.06%
FTI	B	0.05%
UNM	B	0.05%
ITT	A	0.05%
SCI	A	0.05%
AES	F	0.05%
SJM	D	0.05%
CLH	B	0.05%
UHS	D	0.05%
AMH	D	0.05%
CPT	C	0.05%
HST	C	0.05%
CHRW	B	0.05%
CASY	B	0.05%
WPC	D	0.05%
ALLE	C	0.05%
CACI	B	0.05%
COHR	B	0.05%
EMN	D	0.05%
NVT	B	0.05%
RPM	B	0.05%
EME	B	0.05%
JBL	C	0.05%
CDW	F	0.05%
BXP	B	0.05%
EG	D	0.05%
ELS	C	0.05%
GLPI	D	0.05%
CW	A	0.05%
JKHY	C	0.05%
EWBC	B	0.05%
RNR	B	0.05%
EVRG	B	0.05%
GGG	C	0.05%
DTM	A	0.04%
FYBR	C	0.04%
SNX	B	0.04%
JLL	C	0.04%
BWXT	B	0.04%
DCI	A	0.04%
TW	B	0.04%
WBS	B	0.04%
HRL	F	0.04%
HSIC	F	0.04%
NYT	B	0.04%
DRI	B	0.04%
LAD	B	0.04%
WAL	B	0.04%
CPB	D	0.04%
WYNN	D	0.04%
AOS	F	0.04%
FTNT	A	0.04%
CIEN	A	0.04%
FRT	C	0.04%
MTCH	F	0.04%
ALSN	A	0.04%
REXR	F	0.04%
AFG	B	0.04%
AYI	A	0.04%
DPZ	C	0.04%
GL	C	0.04%
EVR	B	0.04%
Z	B	0.04%
FHN	B	0.04%
DAY	A	0.04%
NLY	C	0.04%
TAP	C	0.04%
PRI	A	0.04%
SOFI	A	0.04%
RGLD	B	0.04%
FOXA	B	0.04%
BKNG	B	0.04%
CNH	D	0.04%
WTRG	B	0.04%
WWD	B	0.04%
EPAM	C	0.04%
EHC	B	0.04%
DKS	D	0.04%
ARMK	B	0.04%
SOLV	C	0.04%
PNW	B	0.04%
AIZ	A	0.04%
DOX	A	0.04%
AA	B	0.04%
AFRM	B	0.04%
CE	F	0.04%
OVV	D	0.04%
TTEK	C	0.04%
BLD	F	0.04%
FBIN	D	0.04%
SF	B	0.04%
AVY	F	0.04%
RPRX	F	0.04%
OHI	B	0.04%
KMX	F	0.04%
FWONK	B	0.04%
MKTX	C	0.04%
CTLT	D	0.04%
CUBE	D	0.04%
PFGC	B	0.04%
NTNX	B	0.04%
TPR	A	0.04%
CCK	C	0.04%
TWLO	A	0.04%
CG	B	0.04%
NRG	B	0.04%
INCY	A	0.04%
RRX	B	0.04%
FDS	B	0.04%
BJ	B	0.04%
ATR	B	0.04%
LSTR	C	0.03%
MTSI	B	0.03%
ARW	F	0.03%
R	A	0.03%
ELAN	D	0.03%
AZPN	B	0.03%
IVZ	B	0.03%
MKSI	D	0.03%
FAF	D	0.03%
BBWI	D	0.03%
WEX	F	0.03%
RGEN	F	0.03%
MTG	D	0.03%
PARA	C	0.03%
SIRI	D	0.03%
ATI	D	0.03%
HR	D	0.03%
CGNX	C	0.03%
BFAM	F	0.03%
WMS	D	0.03%
PB	B	0.03%
OSK	B	0.03%
G	B	0.03%
LBRDK	B	0.03%
STAG	D	0.03%
KEX	C	0.03%
HRB	D	0.03%
JAZZ	B	0.03%
COKE	D	0.03%
FCN	F	0.03%
FND	F	0.03%
ROKU	C	0.03%
MOH	F	0.03%
DASH	A	0.03%
AGNC	D	0.03%
SSD	C	0.03%
MIDD	C	0.03%
FLS	A	0.03%
BIO	B	0.03%
FR	D	0.03%
ESAB	B	0.03%
RHI	C	0.03%
WSM	F	0.03%
MAT	C	0.03%
GNTX	D	0.03%
GXO	C	0.03%
MHK	D	0.03%
PR	C	0.03%
RRC	C	0.03%
SNV	B	0.03%
CHE	F	0.03%
VFC	B	0.03%
VNO	A	0.03%
HII	F	0.03%
ONTO	F	0.03%
ADC	B	0.03%
COLD	F	0.03%
SAIC	B	0.03%
SKX	F	0.03%
FICO	B	0.03%
WAT	B	0.03%
CBSH	A	0.03%
SHW	B	0.03%
CFR	B	0.03%
AR	C	0.03%
ZION	B	0.03%
WTFC	B	0.03%
SEIC	B	0.03%
MNST	B	0.03%
CART	B	0.03%
LW	C	0.03%
ACI	C	0.03%
EXAS	F	0.03%
BWA	D	0.03%
LECO	C	0.03%
CR	A	0.03%
MTZ	A	0.03%
CHRD	F	0.03%
APG	B	0.03%
TKO	D	0.03%
RBC	A	0.03%
NNN	D	0.03%
PNFP	B	0.03%
OGE	A	0.03%
RL	B	0.03%
JEF	B	0.03%
BRX	A	0.03%
FMC	D	0.03%
ECL	D	0.03%
AAL	C	0.03%
BERY	C	0.03%
VOYA	B	0.03%
KNX	B	0.03%
GMED	B	0.03%
KBR	A	0.03%
HLI	B	0.03%
GWRE	B	0.03%
RIVN	F	0.03%
ALLY	C	0.03%
GME	C	0.03%
AXTA	A	0.03%
EGP	D	0.03%
WCC	B	0.03%
GPK	C	0.03%
TTC	D	0.03%
BRBR	A	0.03%
CMA	B	0.03%
LAMR	C	0.03%
CZR	D	0.03%
APA	F	0.03%
MOS	C	0.03%
MGM	F	0.03%
ORI	B	0.03%
INGR	B	0.03%
X	C	0.03%
KMPR	A	0.02%
ALNY	B	0.02%
RH	B	0.02%
MSGS	B	0.02%
HOG	F	0.02%
UHAL	B	0.02%
ACHC	F	0.02%
SITE	C	0.02%
PAYC	B	0.02%
GTES	B	0.02%
AN	D	0.02%
AWI	A	0.02%
W	F	0.02%
CLF	D	0.02%
FLO	F	0.02%
GAP	C	0.02%
OLED	F	0.02%
M	C	0.02%
FRPT	B	0.02%
ASH	F	0.02%
DLB	C	0.02%
LITE	B	0.02%
TPG	B	0.02%
SLGN	B	0.02%
WSC	C	0.02%
DBX	C	0.02%
AGO	B	0.02%
EEFT	C	0.02%
BILL	B	0.02%
AZO	D	0.02%
AMP	B	0.02%
LINE	F	0.02%
WTM	B	0.02%
RYN	D	0.02%
AL	B	0.02%
CUZ	B	0.02%
OZK	B	0.02%
XRAY	F	0.02%
KRC	B	0.02%
CCCS	B	0.02%
DOCS	B	0.02%
BYD	A	0.02%
OLN	F	0.02%
SLM	B	0.02%
OGN	F	0.02%
HXL	D	0.02%
AVT	B	0.02%
SN	C	0.02%
ROIV	C	0.02%
PSN	B	0.02%
GNRC	A	0.02%
UGI	D	0.02%
ST	F	0.02%
FOX	B	0.02%
FNB	B	0.02%
ORLY	B	0.02%
KD	B	0.02%
IDA	A	0.02%
SON	F	0.02%
CROX	F	0.02%
THG	A	0.02%
THO	C	0.02%
JHG	A	0.02%
TKR	F	0.02%
SAIA	C	0.02%
POST	D	0.02%
LEA	F	0.02%
RITM	D	0.02%
H	C	0.02%
PVH	C	0.02%
BC	C	0.02%
WHR	B	0.02%
NFG	C	0.02%
OLLI	C	0.02%
OMF	A	0.02%
COIN	B	0.02%
MTDR	C	0.02%
SRCL	A	0.02%
VNT	B	0.02%
BPOP	D	0.02%
LNC	B	0.02%
MDU	F	0.02%
CRUS	F	0.02%
BEN	C	0.02%
COLB	B	0.02%
S	B	0.02%
LFUS	C	0.02%
ALK	B	0.02%
ESI	B	0.02%
AXS	A	0.02%
AMG	C	0.02%
DINO	F	0.02%
NOV	D	0.02%
MSA	D	0.02%
RLI	A	0.02%
STWD	D	0.02%
WH	A	0.02%
DAR	C	0.02%
VMI	B	0.02%
AGCO	D	0.02%
SNDR	A	0.01%
FTRE	D	0.01%
GO	D	0.01%
LYFT	C	0.01%
REYN	F	0.01%
ALAB	A	0.01%
UA	C	0.01%
EXEL	B	0.01%
LEG	F	0.01%
TRIP	D	0.01%
WOLF	F	0.01%
WEN	C	0.01%
UAA	C	0.01%
BIRK	F	0.01%
VSTS	F	0.01%
PPC	B	0.01%
INFA	D	0.01%
AZEK	B	0.01%
QS	F	0.01%
LPX	B	0.01%
CRI	F	0.01%
PSTG	C	0.01%
KSS	F	0.01%
CNXC	F	0.01%
QDEL	C	0.01%
ETSY	D	0.01%
ADT	B	0.01%
YETI	F	0.01%
SAM	C	0.01%
PINC	B	0.01%
AAP	F	0.01%
BR	A	0.01%
LCID	F	0.01%
GLOB	B	0.01%
BROS	B	0.01%
RCM	B	0.01%
ENOV	C	0.01%
AZTA	F	0.01%
JWN	C	0.01%
BRKR	F	0.01%
WU	F	0.01%
CPRI	F	0.01%
IPGP	C	0.01%
RKT	D	0.01%
CWEN	D	0.01%
HAYW	C	0.01%
MP	B	0.01%
HHH	B	0.01%
SHC	C	0.01%
EXP	B	0.01%
BOKF	B	0.01%
SPB	C	0.01%
CC	C	0.01%
VIRT	A	0.01%
ALGM	F	0.01%
CXT	D	0.01%
COLM	C	0.01%
VAC	B	0.01%
CLVT	F	0.01%
LLYVK	B	0.01%
LOPE	A	0.01%
ZG	B	0.01%
MPW	D	0.01%
PAG	C	0.01%
COTY	F	0.01%
SEE	C	0.01%
AMKR	F	0.01%
PK	C	0.01%
NSA	D	0.01%
CNM	D	0.01%
BHF	B	0.01%
MASI	B	0.01%
PENN	C	0.01%
MAN	F	0.01%
AM	B	0.01%
AMED	C	0.01%
CPRT	B	0.01%
PLNT	B	0.01%
FHB	B	0.01%
IRDM	C	0.01%
TNL	A	0.01%
SPR	F	0.01%
LBTYA	D	0.01%
LBTYK	D	0.01%
U	D	0.01%
NXST	C	0.01%
EPR	D	0.01%
ZI	C	0.01%
PRGO	D	0.01%
HIW	B	0.01%
CIVI	D	0.01%
IAC	C	0.01%
NEU	D	0.01%
HUN	F	0.01%
PII	F	0.01%
NVST	C	0.01%
DXC	C	0.01%
MSM	C	0.01%
DNB	B	0.01%
SMG	D	0.01%
AMTM	C	0.01%
NWL	B	0.01%
VNOM	B	0.01%
LOAR	B	0.0%
UWMC	F	0.0%
SEG	D	0.0%
PARAA	C	0.0%
NFE	F	0.0%
UHAL	B	0.0%
GRAL	C	0.0%
LAZ	B	0.0%
IONS	F	0.0%
PLTK	B	0.0%
TXG	F	0.0%
CACC	F	0.0%
CHH	B	0.0%
UI	B	0.0%
TFSL	B	0.0%
SEB	F	0.0%
DJT	D	0.0%
PATH	D	0.0%
CAR	D	0.0%
LSCC	C	0.0%
PYCR	C	0.0%
CWEN	D	0.0%
MTN	D	0.0%
AS	B	0.0%
HCP	A	0.0%
FIVE	F	0.0%
CNA	D	0.0%
DV	D	0.0%
FWONA	B	0.0%
LBRDA	B	0.0%
DDS	C	0.0%
HAS	D	0.0%
LLYVA	B	0.0%
NCNO	B	0.0%
CERT	D	0.0%

IWD Underweight 34 Positions Relative to HLAL

Symbol	Grade	Weight
AAPL	B	-14.91%
MSFT	C	-14.03%
META	B	-5.67%
GOOGL	B	-4.6%
GOOG	B	-3.88%
TSLA	B	-3.11%
MRK	F	-1.19%
ADBE	F	-0.98%
NOW	B	-0.89%
ISRG	A	-0.83%
UBER	F	-0.68%
PANW	A	-0.52%
LRCX	D	-0.45%
KLAC	F	-0.41%
CDNS	B	-0.37%
SNPS	B	-0.37%
ADSK	A	-0.29%
NXPI	D	-0.28%
ODFL	B	-0.19%
IT	B	-0.18%
VRT	A	-0.18%
LULU	D	-0.18%
COR	B	-0.18%
IDXX	F	-0.16%
TSCO	C	-0.14%
AXON	B	-0.14%
PODD	B	-0.08%
ICLR	F	-0.08%
BURL	C	-0.07%
SMCI	F	-0.06%
ROL	C	-0.06%
POOL	B	-0.06%
FLEX	A	-0.06%
SCCO	D	-0.04%