IWD vs. ILCG ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to iShares Morningstar Growth ETF (ILCG)

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

$197.31

Average Daily Volume

1,604,405

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

ILCG

iShares Morningstar Growth ETF

ILCG Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap Broad Growth IndexSM composed of large- and mid-capitalization U.S. equities that exhibit growth 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. The underlying index measures the performance of stocks issued by large- mid capitalization companies that have exhibited above-average “growth” characteristics as determined by Morningstar, Inc. (Morningstar” or the index provider) proprietary index methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$89.23

Average Daily Volume

69,079

Number of Holdings ^*

387

* may have additional holdings in another (foreign) market

Performance

Period	IWD	ILCG
30 Days	2.50%	3.25%
60 Days	4.52%	6.74%
90 Days	6.09%	8.19%
12 Months	28.49%	37.10%

284 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in ILCG	Overlap
	A	D	0.15%	0.14%	0.14%
	ACGL	C	0.14%	0.04%	0.04%
	ACM	B	0.06%	0.04%	0.04%
	ACN	B	0.86%	0.12%	0.12%
	ADI	D	0.4%	0.07%	0.07%
	ADP	A	0.03%	0.17%	0.03%
	AFG	A	0.04%	0.02%	0.02%
	AJG	A	0.23%	0.08%	0.08%
	AKAM	D	0.05%	0.02%	0.02%
	ALAB	B	0.01%	0.01%	0.01%
	ALB	B	0.05%	0.03%	0.03%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	A	0.17%	0.08%	0.08%
	ALLE	C	0.05%	0.03%	0.03%
	ALNY	D	0.01%	0.11%	0.01%
	AMAT	F	0.04%	0.21%	0.04%
	AMD	F	0.29%	0.87%	0.29%
	AME	A	0.17%	0.17%	0.17%
	AMH	C	0.05%	0.05%	0.05%
	AMP	A	0.02%	0.14%	0.02%
	ANSS	B	0.11%	0.11%	0.11%
	AON	A	0.29%	0.08%	0.08%
	AOS	F	0.03%	0.02%	0.02%
	APH	A	0.14%	0.18%	0.14%
	APO	B	0.08%	0.07%	0.07%
	APTV	F	0.06%	0.02%	0.02%
	ARE	F	0.07%	0.02%	0.02%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.05%	0.03%	0.03%
	AVY	F	0.04%	0.03%	0.03%
	AWK	C	0.1%	0.05%	0.05%
	AXP	A	0.39%	0.21%	0.21%
	AZO	C	0.02%	0.2%	0.02%
	AZPN	A	0.03%	0.03%	0.03%
	BALL	F	0.07%	0.04%	0.04%
	BJ	A	0.04%	0.02%	0.02%
	BKNG	A	0.04%	0.22%	0.04%
	BKR	A	0.17%	0.08%	0.08%
	BLD	D	0.04%	0.03%	0.03%
	BLDR	D	0.07%	0.04%	0.04%
	BMRN	F	0.05%	0.04%	0.04%
	BR	A	0.01%	0.1%	0.01%
	BRKR	D	0.01%	0.02%	0.01%
	BRO	B	0.06%	0.1%	0.06%
	BSX	A	0.5%	0.24%	0.24%
	CARR	C	0.24%	0.14%	0.14%
	CASY	A	0.05%	0.04%	0.04%
	CAT	B	0.63%	0.17%	0.17%
	CBRE	B	0.16%	0.1%	0.1%
	CCK	D	0.04%	0.02%	0.02%
	CDW	F	0.05%	0.09%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CHD	A	0.1%	0.11%	0.1%
	CINF	A	0.09%	0.03%	0.03%
	CL	D	0.13%	0.09%	0.09%
	CLH	C	0.05%	0.05%	0.05%
	CMI	A	0.19%	0.13%	0.13%
	CMS	C	0.08%	0.03%	0.03%
	CNM	D	0.01%	0.03%	0.01%
	COIN	C	0.04%	0.25%	0.04%
	COO	D	0.08%	0.05%	0.05%
	COTY	F	0.01%	0.01%	0.01%
	CPRT	B	0.01%	0.19%	0.01%
	CPT	B	0.05%	0.02%	0.02%
	CRL	D	0.04%	0.02%	0.02%
	CRM	B	0.18%	1.16%	0.18%
	CSGP	D	0.11%	0.11%	0.11%
	CSL	C	0.07%	0.08%	0.07%
	CTAS	B	0.01%	0.29%	0.01%
	CTRA	B	0.07%	0.03%	0.03%
	CTVA	C	0.15%	0.07%	0.07%
	D	C	0.19%	0.08%	0.08%
	DAL	B	0.16%	0.07%	0.07%
	DASH	B	0.03%	0.21%	0.03%
	DAY	B	0.04%	0.04%	0.04%
	DD	C	0.13%	0.06%	0.06%
	DELL	B	0.12%	0.06%	0.06%
	DFS	B	0.17%	0.09%	0.09%
	DIS	B	0.82%	0.23%	0.23%
	DKS	D	0.04%	0.02%	0.02%
	DLR	B	0.23%	0.17%	0.17%
	DLTR	F	0.05%	0.02%	0.02%
	DOV	A	0.11%	0.07%	0.07%
	DOW	F	0.12%	0.05%	0.05%
	DPZ	C	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.04%	0.04%
	EA	A	0.17%	0.11%	0.11%
	EBAY	D	0.12%	0.04%	0.04%
	ECL	D	0.03%	0.13%	0.03%
	EFX	F	0.09%	0.12%	0.09%
	EL	F	0.04%	0.06%	0.04%
	ELS	C	0.05%	0.03%	0.03%
	EME	A	0.05%	0.09%	0.05%
	EPAM	B	0.05%	0.03%	0.03%
	EQIX	A	0.31%	0.34%	0.31%
	EQR	C	0.11%	0.04%	0.04%
	EQT	B	0.09%	0.06%	0.06%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.56%	0.32%	0.32%
	EW	C	0.13%	0.16%	0.13%
	EXAS	D	0.02%	0.04%	0.02%
	EXR	C	0.13%	0.05%	0.05%
	FAST	B	0.03%	0.18%	0.03%
	FCNCA	A	0.1%	0.11%	0.1%
	FDS	B	0.05%	0.07%	0.05%
	FFIV	B	0.05%	0.02%	0.02%
	FI	A	0.32%	0.1%	0.1%
	FICO	B	0.03%	0.22%	0.03%
	FND	D	0.03%	0.04%	0.03%
	FSLR	F	0.08%	0.07%	0.07%
	FTNT	C	0.04%	0.23%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	FWONA	A	0.0%	0.01%	0.0%
	FWONK	A	0.04%	0.07%	0.04%
	GE	D	0.59%	0.4%	0.4%
	GEHC	D	0.13%	0.06%	0.06%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.35%	0.19%	0.19%
	GGG	B	0.06%	0.06%	0.06%
	GPC	D	0.07%	0.03%	0.03%
	GPN	B	0.12%	0.04%	0.04%
	GRMN	B	0.13%	0.08%	0.08%
	GWW	B	0.03%	0.2%	0.03%
	HAL	C	0.1%	0.06%	0.06%
	HES	B	0.06%	0.16%	0.06%
	HII	F	0.03%	0.02%	0.02%
	HLT	A	0.12%	0.24%	0.12%
	HOOD	B	0.08%	0.07%	0.07%
	HRL	D	0.03%	0.01%	0.01%
	HSY	F	0.08%	0.05%	0.05%
	HUBB	B	0.09%	0.09%	0.09%
	HWM	A	0.17%	0.18%	0.17%
	IBKR	A	0.07%	0.08%	0.07%
	ICE	C	0.34%	0.06%	0.06%
	IEX	C	0.07%	0.07%	0.07%
	ILMN	C	0.08%	0.08%	0.08%
	INCY	C	0.04%	0.02%	0.02%
	INVH	D	0.08%	0.08%	0.08%
	IQV	F	0.12%	0.09%	0.09%
	IR	B	0.16%	0.16%	0.16%
	IRM	C	0.06%	0.07%	0.06%
	J	D	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.04%	0.04%
	JBL	C	0.05%	0.03%	0.03%
	JCI	B	0.22%	0.13%	0.13%
	JKHY	D	0.05%	0.05%	0.05%
	KDP	F	0.14%	0.05%	0.05%
	KEYS	A	0.1%	0.05%	0.05%
	KIM	A	0.06%	0.05%	0.05%
	KKR	A	0.28%	0.11%	0.11%
	KMB	C	0.1%	0.06%	0.06%
	KMX	B	0.04%	0.02%	0.02%
	LDOS	C	0.08%	0.03%	0.03%
	LECO	C	0.03%	0.04%	0.03%
	LIN	C	0.84%	0.15%	0.15%
	LNG	A	0.09%	0.06%	0.06%
	LUV	C	0.08%	0.03%	0.03%
	LW	C	0.03%	0.04%	0.03%
	MAA	B	0.07%	0.03%	0.03%
	MAR	A	0.25%	0.04%	0.04%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.77%	0.17%	0.17%
	MCHP	F	0.13%	0.06%	0.06%
	MCK	A	0.17%	0.09%	0.09%
	MGM	D	0.03%	0.02%	0.02%
	MKC	C	0.07%	0.04%	0.04%
	MKL	A	0.07%	0.05%	0.05%
	MLM	C	0.13%	0.14%	0.13%
	MMC	B	0.37%	0.11%	0.11%
	MNST	C	0.03%	0.15%	0.03%
	MOH	F	0.02%	0.04%	0.02%
	MRNA	F	0.05%	0.02%	0.02%
	MRVL	B	0.27%	0.3%	0.27%
	MSCI	C	0.07%	0.18%	0.07%
	MSI	B	0.16%	0.1%	0.1%
	MSTR	B	0.19%	0.18%	0.18%
	MTD	F	0.1%	0.1%	0.1%
	NDAQ	A	0.13%	0.05%	0.05%
	NDSN	B	0.06%	0.05%	0.05%
	NEM	D	0.18%	0.11%	0.11%
	NKE	F	0.14%	0.08%	0.08%
	NRG	B	0.04%	0.03%	0.03%
	NTAP	C	0.05%	0.05%	0.05%
	NTNX	B	0.05%	0.06%	0.05%
	NVT	B	0.05%	0.05%	0.05%
	O	C	0.19%	0.06%	0.06%
	OKTA	C	0.03%	0.05%	0.03%
	ON	D	0.11%	0.04%	0.04%
	ORLY	B	0.02%	0.07%	0.02%
	OTIS	C	0.16%	0.09%	0.09%
	PAYC	B	0.02%	0.04%	0.02%
	PAYX	B	0.11%	0.18%	0.11%
	PCG	A	0.17%	0.07%	0.07%
	PFGC	B	0.04%	0.05%	0.04%
	PGR	A	0.09%	0.31%	0.09%
	PH	A	0.35%	0.15%	0.15%
	PHM	D	0.1%	0.04%	0.04%
	PLD	F	0.41%	0.11%	0.11%
	PNR	A	0.07%	0.05%	0.05%
	PPG	F	0.11%	0.04%	0.04%
	PSA	C	0.18%	0.1%	0.1%
	PSTG	D	0.01%	0.06%	0.01%
	PTC	B	0.03%	0.09%	0.03%
	PWR	A	0.13%	0.19%	0.13%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.14%	0.15%	0.14%
	REG	A	0.05%	0.02%	0.02%
	RJF	A	0.12%	0.07%	0.07%
	RMD	C	0.1%	0.14%	0.1%
	ROK	C	0.12%	0.12%	0.12%
	ROP	B	0.23%	0.1%	0.1%
	ROST	D	0.14%	0.18%	0.14%
	RPM	A	0.05%	0.04%	0.04%
	RRX	B	0.04%	0.02%	0.02%
	RSG	A	0.17%	0.05%	0.05%
	RVTY	F	0.05%	0.02%	0.02%
	SAIA	B	0.02%	0.05%	0.02%
	SBAC	D	0.09%	0.09%	0.09%
	SBUX	A	0.1%	0.15%	0.1%
	SCI	B	0.05%	0.03%	0.03%
	SHW	B	0.03%	0.11%	0.03%
	SLB	C	0.24%	0.04%	0.04%
	SNA	A	0.07%	0.02%	0.02%
	SPGI	C	0.61%	0.26%	0.26%
	SQ	A	0.11%	0.2%	0.11%
	STE	D	0.08%	0.08%	0.08%
	STZ	D	0.15%	0.08%	0.08%
	SUI	C	0.06%	0.06%	0.06%
	SWK	D	0.05%	0.02%	0.02%
	SYK	B	0.39%	0.21%	0.21%
	SYY	D	0.06%	0.14%	0.06%
	TDG	D	0.21%	0.27%	0.21%
	TDY	B	0.08%	0.05%	0.05%
	TECH	F	0.04%	0.04%	0.04%
	TER	F	0.01%	0.03%	0.01%
	TFX	F	0.04%	0.01%	0.01%
	TJX	A	0.22%	0.14%	0.14%
	TMO	F	0.76%	0.11%	0.11%
	TMUS	B	0.44%	0.09%	0.09%
	TOL	B	0.06%	0.02%	0.02%
	TRMB	B	0.07%	0.04%	0.04%
	TRU	D	0.07%	0.07%	0.07%
	TRV	B	0.23%	0.1%	0.1%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.24%	0.19%	0.19%
	TTEK	F	0.03%	0.04%	0.03%
	TTWO	A	0.12%	0.12%	0.12%
	TW	A	0.04%	0.06%	0.04%
	TWLO	A	0.05%	0.06%	0.05%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.01%	0.1%	0.01%
	U	C	0.01%	0.02%	0.01%
	UDR	B	0.06%	0.03%	0.03%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	B	1.98%	0.28%	0.28%
	URI	C	0.16%	0.1%	0.1%
	USFD	A	0.06%	0.03%	0.03%
	VLTO	C	0.05%	0.06%	0.05%
	VMC	B	0.11%	0.14%	0.11%
	VRSN	C	0.06%	0.06%	0.06%
	VRTX	D	0.23%	0.2%	0.2%
	VTR	B	0.1%	0.03%	0.03%
	WAB	B	0.13%	0.13%	0.13%
	WAT	C	0.03%	0.05%	0.03%
	WELL	A	0.32%	0.12%	0.12%
	WLK	D	0.02%	0.01%	0.01%
	WMS	F	0.02%	0.04%	0.02%
	WRB	A	0.07%	0.04%	0.04%
	WSM	C	0.03%	0.04%	0.03%
	WSO	A	0.07%	0.07%	0.07%
	WST	C	0.04%	0.09%	0.04%
	WTRG	B	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.06%	0.06%
	WYNN	C	0.03%	0.03%	0.03%
	XYL	D	0.11%	0.11%	0.11%
	YUM	D	0.09%	0.14%	0.09%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.06%	0.06%
	ZTS	D	0.05%	0.14%	0.05%

IWD Overweight 583 Positions Relative to ILCG

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	JPM	A	2.74%
	XOM	B	2.08%
	JNJ	C	1.45%
	WMT	A	1.42%
	BAC	A	1.23%
	PG	C	1.21%
	CVX	A	1.08%
	WFC	A	1.01%
	CSCO	B	0.91%
	PM	B	0.78%
	ABT	B	0.78%
	IBM	C	0.73%
	VZ	C	0.68%
	ABBV	F	0.65%
	CMCSA	B	0.64%
	TXN	C	0.63%
	T	A	0.63%
	NEE	C	0.61%
	RTX	D	0.61%
	LOW	C	0.6%
	BLK	B	0.6%
	DHR	F	0.58%
	MS	A	0.57%
	PFE	F	0.55%
	GS	A	0.53%
	COP	C	0.51%
	C	A	0.51%
	HON	C	0.49%
	CB	C	0.45%
	MDT	D	0.44%
	BMY	B	0.44%
	GILD	C	0.43%
	SCHW	B	0.42%
	MU	D	0.41%
	KO	D	0.4%
	INTC	C	0.4%
	DE	B	0.39%
	UPS	C	0.38%
	MO	A	0.37%
	SO	C	0.37%
	MDLZ	F	0.34%
	DUK	C	0.34%
	PYPL	B	0.34%
	CME	B	0.32%
	CI	D	0.32%
	HD	B	0.32%
	PNC	B	0.32%
	GD	D	0.31%
	BA	F	0.31%
	EOG	A	0.3%
	LMT	D	0.3%
	USB	A	0.3%
	ELV	F	0.3%
	UNP	C	0.29%
	REGN	F	0.28%
	EMR	B	0.28%
	NOC	D	0.27%
	CSX	C	0.27%
	WMB	A	0.27%
	COF	C	0.27%
	APD	A	0.27%
	TGT	F	0.27%
	FDX	B	0.26%
	CVS	D	0.26%
	CRH	A	0.26%
	GM	C	0.25%
	OKE	A	0.25%
	BDX	F	0.25%
	FCX	F	0.24%
	TFC	A	0.24%
	AFL	B	0.24%
	MMM	D	0.23%
	SRE	A	0.23%
	NSC	B	0.23%
	CEG	C	0.23%
	MPC	D	0.22%
	PCAR	B	0.22%
	BK	A	0.22%
	KMI	A	0.21%
	PSX	C	0.21%
	ITW	B	0.2%
	AEP	C	0.2%
	DHI	F	0.19%
	HCA	F	0.19%
	MET	A	0.19%
	AIG	B	0.19%
	FIS	C	0.19%
	CCI	C	0.18%
	KVUE	A	0.18%
	PRU	A	0.18%
	PEP	F	0.18%
	LHX	C	0.18%
	F	C	0.17%
	SPG	A	0.17%
	PEG	A	0.17%
	VLO	C	0.17%
	LEN	D	0.16%
	FERG	B	0.15%
	CTSH	B	0.15%
	KR	B	0.15%
	XEL	A	0.15%
	EXC	C	0.15%
	NUE	C	0.14%
	GIS	D	0.14%
	MTB	A	0.14%
	GLW	B	0.14%
	CHTR	C	0.14%
	VICI	C	0.13%
	HUM	C	0.13%
	OXY	D	0.13%
	FANG	C	0.13%
	ED	C	0.13%
	AMGN	F	0.13%
	HIG	B	0.13%
	UAL	A	0.12%
	CNC	D	0.12%
	WEC	A	0.12%
	ETR	B	0.12%
	EIX	B	0.12%
	FITB	B	0.12%
	HPQ	B	0.11%
	HPE	B	0.11%
	KHC	F	0.11%
	STT	B	0.11%
	DTE	C	0.1%
	PPL	A	0.1%
	ADM	D	0.1%
	HBAN	A	0.1%
	SYF	B	0.1%
	NVR	D	0.1%
	TROW	B	0.1%
	SW	A	0.1%
	IFF	D	0.09%
	WBD	B	0.09%
	WY	F	0.09%
	BIIB	F	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RF	A	0.09%
	AEE	A	0.09%
	CCL	A	0.09%
	CNP	A	0.08%
	LH	B	0.08%
	PFG	D	0.08%
	BBY	D	0.08%
	IP	A	0.08%
	WDC	D	0.08%
	STLD	B	0.08%
	PKG	A	0.08%
	CFG	B	0.08%
	K	A	0.08%
	CBOE	C	0.08%
	ZM	C	0.08%
	NTRS	A	0.08%
	LYB	F	0.08%
	EXE	A	0.08%
	ES	C	0.08%
	ATO	A	0.08%
	OC	A	0.07%
	CVNA	B	0.07%
	RS	B	0.07%
	KEY	B	0.07%
	DGX	A	0.07%
	HOLX	D	0.07%
	OMC	C	0.07%
	EVRG	A	0.06%
	EXPD	C	0.06%
	EWBC	A	0.06%
	DOC	C	0.06%
	THC	D	0.06%
	AMCR	C	0.06%
	L	A	0.06%
	RGA	A	0.06%
	VTRS	A	0.06%
	LNT	A	0.06%
	SSNC	B	0.06%
	FNF	B	0.06%
	UTHR	C	0.06%
	CF	A	0.06%
	MRO	B	0.06%
	BAX	F	0.06%
	NI	A	0.06%
	DG	F	0.06%
	Z	A	0.05%
	SOFI	B	0.05%
	CAH	B	0.05%
	EMN	C	0.05%
	JNPR	D	0.05%
	HST	C	0.05%
	WPC	C	0.05%
	FTI	A	0.05%
	BXP	C	0.05%
	COHR	B	0.05%
	ITT	A	0.05%
	CAG	F	0.05%
	BG	D	0.05%
	GLPI	C	0.05%
	CHRW	B	0.05%
	UNM	A	0.05%
	TPR	B	0.05%
	AFRM	A	0.05%
	RNR	C	0.05%
	EG	C	0.05%
	SWKS	F	0.05%
	CW	C	0.05%
	GMED	A	0.04%
	REXR	F	0.04%
	CMA	B	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	INGR	C	0.04%
	DCI	B	0.04%
	RGLD	C	0.04%
	ORI	A	0.04%
	JEF	A	0.04%
	SOLV	D	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	FRT	B	0.04%
	CNH	C	0.04%
	MKTX	D	0.04%
	CIEN	C	0.04%
	DOX	D	0.04%
	GL	C	0.04%
	DTM	A	0.04%
	WAL	B	0.04%
	ARMK	B	0.04%
	EHC	B	0.04%
	AES	F	0.04%
	NLY	C	0.04%
	OHI	C	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	RPRX	D	0.04%
	LKQ	F	0.04%
	ALSN	B	0.04%
	AYI	B	0.04%
	WWD	C	0.04%
	IPG	D	0.04%
	WBS	A	0.04%
	CACI	D	0.04%
	PRI	B	0.04%
	PNW	A	0.04%
	FOXA	A	0.04%
	EVR	B	0.04%
	CTLT	C	0.04%
	CUBE	C	0.04%
	NWSA	A	0.04%
	TAP	C	0.04%
	SJM	D	0.04%
	ATR	B	0.04%
	QCOM	F	0.04%
	CG	B	0.04%
	AA	A	0.04%
	FHN	A	0.04%
	SF	B	0.04%
	AIZ	A	0.04%
	OVV	B	0.04%
	COLB	B	0.03%
	MTG	C	0.03%
	CGNX	D	0.03%
	FAF	A	0.03%
	IVZ	B	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	STAG	D	0.03%
	WEX	D	0.03%
	HR	B	0.03%
	DINO	D	0.03%
	AXS	A	0.03%
	VMI	B	0.03%
	MKSI	C	0.03%
	FMC	D	0.03%
	ALK	B	0.03%
	WH	B	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	FCN	F	0.03%
	MTSI	B	0.03%
	GXO	B	0.03%
	RLI	A	0.03%
	SSD	F	0.03%
	FR	D	0.03%
	ATI	C	0.03%
	GNTX	C	0.03%
	ELAN	D	0.03%
	R	B	0.03%
	ESAB	C	0.03%
	VFC	C	0.03%
	OSK	C	0.03%
	BBWI	C	0.03%
	AGNC	C	0.03%
	VNO	C	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%
	LBRDK	C	0.03%
	PB	B	0.03%
	ROKU	D	0.03%
	CHE	D	0.03%
	RHI	C	0.03%
	JAZZ	B	0.03%
	ADC	A	0.03%
	KEX	B	0.03%
	PR	B	0.03%
	NNN	C	0.03%
	BERY	C	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	C	0.03%
	X	B	0.03%
	TKO	A	0.03%
	SEIC	B	0.03%
	APG	B	0.03%
	CFR	B	0.03%
	APA	D	0.03%
	LAMR	C	0.03%
	RIVN	F	0.03%
	VOYA	B	0.03%
	CPB	D	0.03%
	EGP	D	0.03%
	RL	C	0.03%
	GPK	C	0.03%
	NYT	D	0.03%
	MTZ	B	0.03%
	CR	A	0.03%
	JLL	D	0.03%
	MOS	F	0.03%
	CBSH	B	0.03%
	TTC	C	0.03%
	OGE	A	0.03%
	FYBR	C	0.03%
	WTFC	A	0.03%
	GWRE	A	0.03%
	ALLY	C	0.03%
	ZION	B	0.03%
	BRX	A	0.03%
	AAL	B	0.03%
	SNX	D	0.03%
	HSIC	C	0.03%
	KNX	C	0.03%
	AR	B	0.03%
	HLI	A	0.03%
	AXTA	B	0.03%
	RBC	A	0.03%
	WCC	B	0.03%
	OGN	F	0.02%
	LINE	F	0.02%
	SITE	F	0.02%
	HOG	D	0.02%
	FLO	D	0.02%
	TPG	A	0.02%
	GTES	A	0.02%
	GFS	C	0.02%
	DLB	B	0.02%
	M	F	0.02%
	AN	C	0.02%
	KMPR	A	0.02%
	GAP	C	0.02%
	AWI	A	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	F	0.02%
	EEFT	B	0.02%
	DBX	B	0.02%
	KRC	B	0.02%
	CUZ	B	0.02%
	AGO	B	0.02%
	ST	F	0.02%
	FRPT	A	0.02%
	AVT	C	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	OLN	F	0.02%
	TKR	D	0.02%
	WTM	A	0.02%
	HXL	F	0.02%
	BYD	B	0.02%
	SON	F	0.02%
	AL	B	0.02%
	UGI	C	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	F	0.02%
	CRUS	D	0.02%
	LITE	B	0.02%
	GNRC	C	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%
	JHG	B	0.02%
	THG	A	0.02%
	AGCO	D	0.02%
	AMG	B	0.02%
	ONTO	F	0.02%
	LNC	C	0.02%
	FNB	A	0.02%
	VNT	C	0.02%
	LFUS	D	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	C	0.02%
	MTDR	B	0.02%
	BPOP	C	0.02%
	OMF	A	0.02%
	SAIC	F	0.02%
	COLD	D	0.02%
	ESI	B	0.02%
	NOV	C	0.02%
	SIRI	C	0.02%
	KD	B	0.02%
	MSA	F	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	D	0.01%
	BIRK	D	0.01%
	LEN	D	0.01%
	CNXC	F	0.01%
	VSTS	C	0.01%
	CRI	F	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	F	0.01%
	LYFT	C	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	SHC	F	0.01%
	ADT	C	0.01%
	LPX	B	0.01%
	RCM	A	0.01%
	AAP	D	0.01%
	CWEN	C	0.01%
	WU	F	0.01%
	AZTA	D	0.01%
	YETI	D	0.01%
	JWN	D	0.01%
	HAYW	B	0.01%
	SAM	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	SPB	C	0.01%
	MP	C	0.01%
	CPRI	F	0.01%
	HHH	B	0.01%
	EXP	B	0.01%
	ENOV	C	0.01%
	AGR	A	0.01%
	MPW	F	0.01%
	BOKF	B	0.01%
	CC	C	0.01%
	CXT	C	0.01%
	SEE	C	0.01%
	COLM	C	0.01%
	AMKR	D	0.01%
	VIRT	A	0.01%
	ECG	C	0.01%
	AMED	F	0.01%
	MAN	F	0.01%
	SNRE	D	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	LLYVK	A	0.01%
	PK	C	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	BROS	A	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	AMTM	D	0.01%
	SMG	C	0.01%
	LOPE	C	0.01%
	BHF	C	0.01%
	VAC	C	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	AM	A	0.01%
	HIW	C	0.01%
	EPR	C	0.01%
	MASI	B	0.01%
	ZG	A	0.01%
	PII	F	0.01%
	ACHC	F	0.01%
	FHB	B	0.01%
	CLF	F	0.01%
	IAC	F	0.01%
	NVST	B	0.01%
	NWS	A	0.01%
	W	D	0.01%
	PRGO	C	0.01%
	VNOM	A	0.01%
	TNL	A	0.01%
	XRAY	F	0.01%
	CIVI	D	0.01%
	NWL	C	0.01%
	DNB	B	0.01%
	MDU	D	0.01%
	MSGS	A	0.01%
	NEU	D	0.01%
	RH	C	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	OLED	F	0.01%
	MSM	C	0.01%
	ASH	F	0.01%
	LOAR	B	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	PARAA	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	LAZ	B	0.0%
	GRAL	B	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	B	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	C	0.0%
	PYCR	B	0.0%
	HAS	D	0.0%
	AS	A	0.0%
	CERT	F	0.0%
	DV	C	0.0%
	LBRDA	C	0.0%
	NCNO	C	0.0%

IWD Underweight 105 Positions Relative to ILCG

	Symbol	Grade	Weight
	NVDA	B	-13.45%
	MSFT	D	-11.98%
	AMZN	C	-7.48%
	AAPL	C	-6.31%
	TSLA	B	-3.71%
	META	D	-2.69%
	LLY	F	-2.38%
	GOOGL	C	-2.07%
	V	A	-2.01%
	GOOG	C	-1.86%
	MA	B	-1.64%
	AVGO	D	-1.63%
	NFLX	A	-1.44%
	ADBE	C	-0.85%
	NOW	A	-0.81%
	COST	A	-0.74%
	ISRG	A	-0.73%
	INTU	B	-0.7%
	UBER	F	-0.54%
	PANW	B	-0.48%
	PLTR	B	-0.48%
	ANET	C	-0.37%
	MELI	C	-0.36%
	MRK	D	-0.34%
	ORCL	A	-0.33%
	SNPS	B	-0.32%
	CMG	B	-0.31%
	CRWD	B	-0.31%
	CDNS	B	-0.31%
	APP	B	-0.26%
	ADSK	A	-0.25%
	BX	A	-0.24%
	ABNB	C	-0.22%
	TTD	B	-0.21%
	WDAY	B	-0.21%
	VRT	B	-0.2%
	AXON	A	-0.17%
	VRSK	A	-0.16%
	MCO	B	-0.16%
	SNOW	B	-0.16%
	TEAM	A	-0.15%
	DDOG	A	-0.15%
	IT	C	-0.15%
	ODFL	C	-0.15%
	LRCX	F	-0.14%
	LULU	C	-0.13%
	IDXX	F	-0.13%
	HUBS	A	-0.13%
	VEEV	C	-0.12%
	VST	A	-0.12%
	ARES	A	-0.12%
	KLAC	F	-0.12%
	MPWR	F	-0.11%
	DECK	A	-0.11%
	RBLX	C	-0.11%
	TPL	A	-0.11%
	NET	B	-0.11%
	DXCM	C	-0.11%
	GDDY	A	-0.1%
	COR	B	-0.09%
	WM	B	-0.09%
	LPLA	A	-0.09%
	TEL	B	-0.09%
	NTRA	A	-0.08%
	LII	A	-0.08%
	LYV	A	-0.08%
	LVS	B	-0.08%
	MDB	B	-0.08%
	TSCO	D	-0.08%
	FIX	A	-0.07%
	BURL	B	-0.07%
	PODD	C	-0.07%
	TRGP	A	-0.07%
	ZS	B	-0.07%
	CPNG	D	-0.07%
	CPAY	A	-0.07%
	ROL	B	-0.06%
	DOCU	B	-0.06%
	HEI	A	-0.06%
	MANH	D	-0.06%
	NBIX	C	-0.05%
	CLX	A	-0.05%
	BAH	F	-0.05%
	SMCI	F	-0.05%
	DT	D	-0.05%
	ENTG	D	-0.04%
	SRPT	F	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	PINS	F	-0.04%
	ERIE	D	-0.04%
	XPO	B	-0.04%
	DKNG	B	-0.04%
	SNAP	D	-0.04%
	EXPE	B	-0.04%
	HEI	A	-0.04%
	POOL	C	-0.03%
	MEDP	D	-0.03%
	ENPH	F	-0.03%
	MORN	B	-0.03%
	CELH	F	-0.02%
	FLEX	B	-0.02%
	PCOR	B	-0.02%
	BSY	F	-0.02%
	DVA	C	-0.01%

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

ILCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Specialty Retail REIT - Residential Semiconductors Software - Infrastructure Biotechnology Capital Markets Specialty Chemicals Engineering & Construction Insurance - Property & Casualty Internet Content & Information Restaurants Household & Personal Products Insurance Brokers Medical Devices Medical Instruments & Supplies Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Electronics Aerospace Cloud Computing IBD 50 Insurance Real Estate Investment Trust Semiconductor Chemical Dow Jones Component Mining Mobile Devices Beverage Cloud Infrastructure Natural Gas Software As A Service Medicine Software