IWD vs. JUST ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$81.36

Average Daily Volume

4,444

Number of Holdings ^*

451

* may have additional holdings in another (foreign) market

Performance

Period	IWD	JUST
30 Days	3.42%	1.94%
60 Days	5.20%	3.55%
90 Days	8.20%	4.27%
12 Months	22.86%	31.44%

392 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in JUST	Overlap
	A	C	0.16%	0.1%	0.1%
	AA	D	0.03%	0.02%	0.02%
	AAL	D	0.03%	0.02%	0.02%
	ABBV	C	0.79%	0.85%	0.79%
	ABT	C	0.82%	0.48%	0.48%
	ACGL	C	0.16%	0.12%	0.12%
	ACM	B	0.05%	0.03%	0.03%
	ACN	C	0.89%	0.6%	0.6%
	ADI	C	0.45%	0.25%	0.25%
	ADM	D	0.12%	0.08%	0.08%
	ADP	B	0.03%	0.31%	0.03%
	AEE	C	0.09%	0.07%	0.07%
	AEP	C	0.22%	0.16%	0.16%
	AES	C	0.05%	0.03%	0.03%
	AFL	C	0.25%	0.2%	0.2%
	AFRM	C	0.04%	0.02%	0.02%
	AGCO	D	0.02%	0.02%	0.02%
	AGO	C	0.02%	0.01%	0.01%
	AGR	B	0.01%	0.01%	0.01%
	AIG	D	0.2%	0.15%	0.15%
	AIZ	B	0.04%	0.03%	0.03%
	AKAM	D	0.06%	0.04%	0.04%
	ALB	D	0.04%	0.03%	0.03%
	ALK	C	0.02%	0.01%	0.01%
	ALL	B	0.17%	0.15%	0.15%
	ALLY	F	0.03%	0.03%	0.03%
	ALNY	C	0.02%	0.07%	0.02%
	AMAT	D	0.05%	0.35%	0.05%
	AMD	D	0.34%	0.53%	0.34%
	AME	C	0.16%	0.1%	0.1%
	AMGN	B	0.16%	0.42%	0.16%
	AMP	A	0.02%	0.14%	0.02%
	ANSS	D	0.11%	0.06%	0.06%
	AON	B	0.28%	0.21%	0.21%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.26%	0.17%	0.17%
	APTV	D	0.08%	0.05%	0.05%
	ARMK	B	0.04%	0.03%	0.03%
	ATR	B	0.04%	0.03%	0.03%
	AVB	B	0.13%	0.12%	0.12%
	AVTR	B	0.07%	0.04%	0.04%
	AWI	B	0.01%	0.02%	0.01%
	AWK	B	0.12%	0.09%	0.09%
	AXP	B	0.37%	0.38%	0.37%
	AXS	B	0.02%	0.02%	0.02%
	AYI	B	0.03%	0.02%	0.02%
	AZEK	C	0.01%	0.02%	0.01%
	BA	F	0.31%	0.25%	0.25%
	BAC	D	1.06%	0.83%	0.83%
	BALL	C	0.08%	0.06%	0.06%
	BAX	C	0.08%	0.05%	0.05%
	BBWI	F	0.02%	0.02%	0.02%
	BBY	C	0.09%	0.06%	0.06%
	BDX	D	0.27%	0.16%	0.16%
	BERY	B	0.03%	0.02%	0.02%
	BG	D	0.06%	0.04%	0.04%
	BHF	F	0.01%	0.01%	0.01%
	BIIB	F	0.12%	0.07%	0.07%
	BK	B	0.21%	0.16%	0.16%
	BKNG	C	0.03%	0.37%	0.03%
	BKR	C	0.13%	0.09%	0.09%
	BLD	D	0.05%	0.03%	0.03%
	BLK	B	0.53%	0.4%	0.4%
	BMY	C	0.4%	0.24%	0.24%
	BR	D	0.01%	0.08%	0.01%
	BSX	B	0.5%	0.29%	0.29%
	BWA	D	0.03%	0.02%	0.02%
	BXP	B	0.05%	0.04%	0.04%
	C	C	0.45%	0.35%	0.35%
	CAH	C	0.05%	0.07%	0.05%
	CAR	F	0.0%	0.0%	0.0%
	CARR	B	0.26%	0.16%	0.16%
	CAT	B	0.59%	0.45%	0.45%
	CBOE	C	0.09%	0.07%	0.07%
	CBRE	A	0.15%	0.13%	0.13%
	CCI	C	0.21%	0.19%	0.19%
	CE	F	0.04%	0.04%	0.04%
	CEG	C	0.21%	0.17%	0.17%
	CF	C	0.06%	0.04%	0.04%
	CHH	C	0.0%	0.01%	0.0%
	CHRW	B	0.05%	0.03%	0.03%
	CHTR	D	0.13%	0.07%	0.07%
	CI	C	0.37%	0.24%	0.24%
	CIEN	C	0.03%	0.02%	0.02%
	CL	D	0.16%	0.24%	0.16%
	CLF	F	0.02%	0.02%	0.02%
	CMA	B	0.03%	0.02%	0.02%
	CMCSA	D	0.62%	0.37%	0.37%
	CME	C	0.32%	0.24%	0.24%
	CMI	C	0.17%	0.11%	0.11%
	CNC	D	0.16%	0.09%	0.09%
	CNH	D	0.04%	0.03%	0.03%
	CNP	C	0.07%	0.05%	0.05%
	COF	B	0.21%	0.14%	0.14%
	COLB	B	0.02%	0.02%	0.02%
	COP	D	0.49%	0.31%	0.31%
	CPB	C	0.04%	0.03%	0.03%
	CPRT	D	0.01%	0.12%	0.01%
	CRM	D	0.15%	0.54%	0.15%
	CRUS	D	0.03%	0.02%	0.02%
	CSCO	C	0.82%	0.48%	0.48%
	CSGP	D	0.13%	0.12%	0.12%
	CSL	B	0.07%	0.05%	0.05%
	CSX	D	0.27%	0.18%	0.18%
	CTSH	C	0.16%	0.09%	0.09%
	CVS	D	0.3%	0.2%	0.2%
	CVX	D	0.98%	0.61%	0.61%
	D	C	0.2%	0.14%	0.14%
	DAL	C	0.12%	0.08%	0.08%
	DAY	D	0.03%	0.02%	0.02%
	DBX	D	0.02%	0.01%	0.01%
	DD	B	0.14%	0.09%	0.09%
	DE	B	0.41%	0.27%	0.27%
	DFS	B	0.13%	0.1%	0.1%
	DGX	B	0.07%	0.04%	0.04%
	DHR	B	0.74%	0.44%	0.44%
	DINO	F	0.03%	0.02%	0.02%
	DIS	D	0.67%	0.46%	0.46%
	DKS	D	0.05%	0.04%	0.04%
	DLR	B	0.21%	0.19%	0.19%
	DOW	D	0.14%	0.1%	0.1%
	DUK	C	0.37%	0.27%	0.27%
	DV	F	0.0%	0.01%	0.0%
	DVN	F	0.1%	0.07%	0.07%
	EA	D	0.16%	0.11%	0.11%
	EBAY	B	0.13%	0.09%	0.09%
	ECL	B	0.03%	0.17%	0.03%
	EIX	C	0.13%	0.1%	0.1%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.44%	0.3%	0.3%
	EMN	B	0.05%	0.03%	0.03%
	EMR	D	0.24%	0.15%	0.15%
	EQIX	C	0.32%	0.3%	0.3%
	EQR	B	0.12%	0.11%	0.11%
	ES	C	0.1%	0.07%	0.07%
	ESS	B	0.08%	0.07%	0.07%
	ETN	C	0.49%	0.31%	0.31%
	ETR	B	0.11%	0.08%	0.08%
	ETSY	F	0.01%	0.02%	0.01%
	EW	F	0.13%	0.1%	0.1%
	EXC	C	0.16%	0.12%	0.12%
	EXEL	C	0.01%	0.02%	0.01%
	F	F	0.17%	0.12%	0.12%
	FCN	D	0.03%	0.02%	0.02%
	FCX	D	0.25%	0.16%	0.16%
	FDX	C	0.26%	0.18%	0.18%
	FFIV	B	0.05%	0.03%	0.03%
	FHN	D	0.04%	0.03%	0.03%
	FITB	B	0.12%	0.09%	0.09%
	FMC	C	0.03%	0.02%	0.02%
	FOX	B	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.03%	0.03%
	FSLR	C	0.1%	0.06%	0.06%
	FTNT	C	0.04%	0.11%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	GAP	F	0.02%	0.01%	0.01%
	GE	B	0.62%	0.5%	0.5%
	GEV	B	0.25%	0.15%	0.15%
	GILD	B	0.42%	0.24%	0.24%
	GIS	B	0.17%	0.12%	0.12%
	GLW	C	0.13%	0.08%	0.08%
	GM	C	0.21%	0.15%	0.15%
	GPK	B	0.04%	0.02%	0.02%
	GRMN	D	0.11%	0.08%	0.08%
	GS	C	0.45%	0.46%	0.45%
	GWRE	A	0.03%	0.03%	0.03%
	H	C	0.02%	0.02%	0.02%
	HAL	F	0.1%	0.07%	0.07%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.08%	0.06%	0.06%
	HCA	B	0.23%	0.18%	0.18%
	HD	B	0.31%	1.05%	0.31%
	HES	F	0.05%	0.09%	0.05%
	HIG	B	0.14%	0.11%	0.11%
	HLT	B	0.11%	0.15%	0.11%
	HOG	C	0.02%	0.01%	0.01%
	HOLX	B	0.08%	0.05%	0.05%
	HON	D	0.46%	0.36%	0.36%
	HPE	D	0.09%	0.05%	0.05%
	HPQ	D	0.1%	0.08%	0.08%
	HRB	C	0.03%	0.03%	0.03%
	HRL	C	0.04%	0.03%	0.03%
	HSIC	C	0.04%	0.02%	0.02%
	HSY	C	0.1%	0.08%	0.08%
	HUM	F	0.16%	0.1%	0.1%
	IBM	B	0.8%	0.44%	0.44%
	ICE	C	0.37%	0.28%	0.28%
	IEX	D	0.06%	0.04%	0.04%
	IFF	B	0.11%	0.07%	0.07%
	ILMN	C	0.08%	0.05%	0.05%
	INCY	C	0.04%	0.03%	0.03%
	INGR	B	0.04%	0.03%	0.03%
	INTC	F	0.34%	0.19%	0.19%
	IPG	C	0.05%	0.04%	0.04%
	IQV	C	0.15%	0.1%	0.1%
	IR	C	0.15%	0.1%	0.1%
	IRM	C	0.06%	0.12%	0.06%
	ITT	B	0.04%	0.03%	0.03%
	IVZ	B	0.02%	0.02%	0.02%
	J	C	0.07%	0.05%	0.05%
	JCI	B	0.2%	0.13%	0.13%
	JLL	B	0.03%	0.04%	0.03%
	JNPR	B	0.05%	0.03%	0.03%
	JPM	D	2.37%	1.83%	1.83%
	K	B	0.09%	0.06%	0.06%
	KBR	D	0.03%	0.02%	0.02%
	KDP	B	0.16%	0.11%	0.11%
	KEY	B	0.06%	0.05%	0.05%
	KEYS	C	0.11%	0.07%	0.07%
	KIM	C	0.06%	0.05%	0.05%
	KMB	D	0.12%	0.13%	0.12%
	KMI	B	0.17%	0.11%	0.11%
	KMX	D	0.05%	0.04%	0.04%
	KO	C	0.48%	0.76%	0.48%
	KSS	F	0.01%	0.01%	0.01%
	LDOS	B	0.08%	0.05%	0.05%
	LEA	F	0.02%	0.02%	0.02%
	LHX	C	0.18%	0.12%	0.12%
	LIN	B	0.91%	0.63%	0.63%
	LITE	B	0.02%	0.01%	0.01%
	LMT	C	0.33%	0.33%	0.33%
	LNC	D	0.02%	0.02%	0.02%
	LNG	C	0.08%	0.1%	0.08%
	LOPE	D	0.01%	0.01%	0.01%
	LOW	B	0.59%	0.41%	0.41%
	LPX	B	0.01%	0.02%	0.01%
	LUV	C	0.07%	0.05%	0.05%
	LYB	D	0.1%	0.07%	0.07%
	M	F	0.02%	0.01%	0.01%
	MAR	C	0.22%	0.15%	0.15%
	MAS	B	0.07%	0.05%	0.05%
	MCK	F	0.16%	0.18%	0.16%
	MDLZ	B	0.41%	0.28%	0.28%
	MDT	C	0.48%	0.29%	0.29%
	MDU	C	0.02%	0.01%	0.01%
	MET	B	0.18%	0.14%	0.14%
	MGM	F	0.04%	0.02%	0.02%
	MKC	C	0.09%	0.06%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MLM	D	0.12%	0.09%	0.09%
	MMC	C	0.4%	0.36%	0.36%
	MMM	B	0.24%	0.19%	0.19%
	MOS	F	0.03%	0.02%	0.02%
	MPC	F	0.23%	0.15%	0.15%
	MRNA	F	0.09%	0.06%	0.06%
	MRVL	C	0.24%	0.14%	0.14%
	MS	D	0.43%	0.35%	0.35%
	MSCI	C	0.07%	0.13%	0.07%
	MTB	B	0.11%	0.08%	0.08%
	MTCH	C	0.04%	0.03%	0.03%
	MTG	B	0.03%	0.02%	0.02%
	MU	F	0.41%	0.22%	0.22%
	NDAQ	A	0.12%	0.09%	0.09%
	NDSN	C	0.06%	0.04%	0.04%
	NEE	C	0.7%	0.51%	0.51%
	NEM	B	0.25%	0.16%	0.16%
	NKE	D	0.15%	0.26%	0.15%
	NOC	B	0.29%	0.2%	0.2%
	NRG	C	0.04%	0.05%	0.04%
	NTAP	D	0.05%	0.06%	0.05%
	NTNX	C	0.04%	0.04%	0.04%
	NVST	D	0.01%	0.01%	0.01%
	NVT	D	0.04%	0.03%	0.03%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	OC	D	0.06%	0.04%	0.04%
	OGN	D	0.02%	0.01%	0.01%
	OKE	B	0.22%	0.14%	0.14%
	OKTA	F	0.03%	0.03%	0.03%
	OMC	B	0.08%	0.06%	0.06%
	ON	D	0.12%	0.07%	0.07%
	OSK	F	0.03%	0.02%	0.02%
	OTIS	C	0.15%	0.1%	0.1%
	OXY	F	0.14%	0.08%	0.08%
	PAG	D	0.01%	0.01%	0.01%
	PARA	F	0.03%	0.02%	0.02%
	PEG	B	0.17%	0.12%	0.12%
	PENN	D	0.01%	0.01%	0.01%
	PEP	C	0.21%	0.67%	0.21%
	PFE	C	0.67%	0.4%	0.4%
	PFG	B	0.08%	0.06%	0.06%
	PG	C	1.29%	1.15%	1.15%
	PGR	B	0.1%	0.45%	0.1%
	PII	D	0.02%	0.01%	0.01%
	PINC	C	0.01%	0.01%	0.01%
	PLD	C	0.49%	0.45%	0.45%
	PNC	B	0.29%	0.22%	0.22%
	PNFP	B	0.03%	0.02%	0.02%
	PNR	B	0.06%	0.04%	0.04%
	PNW	C	0.04%	0.03%	0.03%
	PPG	D	0.12%	0.08%	0.08%
	PPL	C	0.1%	0.07%	0.07%
	PRU	C	0.17%	0.13%	0.13%
	PVH	F	0.02%	0.02%	0.02%
	PWR	B	0.11%	0.1%	0.1%
	PYPL	B	0.3%	0.2%	0.2%
	QCOM	D	0.05%	0.42%	0.05%
	QS	F	0.01%	0.0%	0.0%
	RCL	B	0.11%	0.11%	0.11%
	REGN	C	0.45%	0.28%	0.28%
	RF	B	0.08%	0.06%	0.06%
	RGA	C	0.06%	0.04%	0.04%
	RGEN	F	0.03%	0.02%	0.02%
	RKT	C	0.01%	0.01%	0.01%
	RMD	C	0.11%	0.09%	0.09%
	ROK	D	0.11%	0.08%	0.08%
	RRC	D	0.03%	0.02%	0.02%
	RTX	C	0.64%	0.44%	0.44%
	SBAC	C	0.11%	0.1%	0.1%
	SBUX	C	0.1%	0.3%	0.1%
	SCHW	D	0.34%	0.29%	0.29%
	SCI	B	0.05%	0.03%	0.03%
	SHW	B	0.03%	0.24%	0.03%
	SITE	C	0.02%	0.02%	0.02%
	SLM	D	0.02%	0.01%	0.01%
	SNDR	B	0.01%	0.0%	0.0%
	SNV	C	0.03%	0.02%	0.02%
	SOFI	C	0.03%	0.02%	0.02%
	SOLV	C	0.04%	0.03%	0.03%
	SON	C	0.02%	0.01%	0.01%
	SPGI	B	0.66%	0.51%	0.51%
	SPR	D	0.01%	0.01%	0.01%
	SRE	C	0.21%	0.16%	0.16%
	ST	D	0.02%	0.01%	0.01%
	STT	A	0.1%	0.08%	0.08%
	SWK	B	0.06%	0.04%	0.04%
	SYF	C	0.08%	0.05%	0.05%
	SYK	C	0.38%	0.32%	0.32%
	SYY	D	0.06%	0.11%	0.06%
	T	C	0.63%	0.37%	0.37%
	TAP	D	0.04%	0.03%	0.03%
	TER	D	0.01%	0.05%	0.01%
	TFC	C	0.23%	0.17%	0.17%
	TFX	C	0.05%	0.03%	0.03%
	TGT	C	0.28%	0.19%	0.19%
	THG	B	0.02%	0.02%	0.02%
	TJX	B	0.22%	0.38%	0.22%
	TKR	D	0.02%	0.01%	0.01%
	TMO	B	0.95%	0.58%	0.58%
	TMUS	C	0.4%	0.23%	0.23%
	TNL	D	0.01%	0.01%	0.01%
	TPR	C	0.04%	0.03%	0.03%
	TRU	B	0.07%	0.05%	0.05%
	TRV	C	0.22%	0.17%	0.17%
	TSN	C	0.07%	0.05%	0.05%
	TT	B	0.22%	0.21%	0.21%
	TTWO	C	0.1%	0.08%	0.08%
	TW	B	0.03%	0.04%	0.03%
	TXN	C	0.65%	0.42%	0.42%
	TXT	D	0.07%	0.05%	0.05%
	TYL	C	0.01%	0.06%	0.01%
	UAL	C	0.07%	0.05%	0.05%
	UDR	C	0.06%	0.06%	0.06%
	UNH	C	2.06%	1.32%	1.32%
	UNM	B	0.04%	0.03%	0.03%
	UNP	C	0.32%	0.42%	0.32%
	UPS	D	0.38%	0.25%	0.25%
	URI	B	0.15%	0.13%	0.13%
	USB	B	0.28%	0.22%	0.22%
	USFD	B	0.06%	0.04%	0.04%
	VFC	C	0.03%	0.02%	0.02%
	VLO	F	0.18%	0.11%	0.11%
	VNT	F	0.02%	0.01%	0.01%
	VOYA	B	0.03%	0.02%	0.02%
	VRTX	D	0.25%	0.29%	0.25%
	VTR	C	0.11%	0.1%	0.1%
	VZ	B	0.76%	0.44%	0.44%
	W	D	0.02%	0.01%	0.01%
	WAB	B	0.12%	0.08%	0.08%
	WAT	C	0.03%	0.05%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	D	0.08%	0.05%	0.05%
	WDC	D	0.09%	0.05%	0.05%
	WH	B	0.02%	0.02%	0.02%
	WHR	D	0.02%	0.02%	0.02%
	WMB	B	0.22%	0.14%	0.14%
	WMT	C	1.42%	0.98%	0.98%
	WSM	D	0.03%	0.05%	0.03%
	WTW	C	0.12%	0.09%	0.09%
	WU	F	0.01%	0.01%	0.01%
	WY	C	0.1%	0.08%	0.08%
	XEL	B	0.14%	0.11%	0.11%
	XOM	C	2.02%	1.27%	1.27%
	XRAY	D	0.02%	0.01%	0.01%
	XYL	C	0.13%	0.09%	0.09%
	YETI	D	0.01%	0.01%	0.01%
	Z	B	0.04%	0.03%	0.03%
	ZBH	F	0.09%	0.05%	0.05%
	ZBRA	B	0.05%	0.05%	0.05%
	ZG	B	0.01%	0.01%	0.01%
	ZM	C	0.07%	0.04%	0.04%
	ZTS	C	0.06%	0.21%	0.06%

IWD Overweight 471 Positions Relative to JUST

	Symbol	Grade	Weight
	BRK.A	C	3.32%
	JNJ	C	1.62%
	MCD	B	0.81%
	PM	C	0.79%
	WFC	D	0.75%
	CB	B	0.47%
	SO	B	0.4%
	MO	C	0.37%
	GD	B	0.34%
	PH	B	0.31%
	WELL	C	0.31%
	EOG	D	0.28%
	FI	A	0.28%
	KKR	B	0.24%
	ROP	C	0.24%
	TDG	B	0.24%
	AJG	D	0.24%
	CRH	B	0.24%
	SLB	F	0.23%
	DHI	B	0.23%
	PSX	F	0.22%
	O	C	0.22%
	NSC	C	0.22%
	PCAR	D	0.2%
	ITW	C	0.19%
	FIS	B	0.19%
	PSA	B	0.19%
	KVUE	C	0.18%
	LEN	B	0.18%
	MCHP	F	0.17%
	RSG	D	0.17%
	PCG	C	0.17%
	ROST	C	0.16%
	SPG	B	0.16%
	CTVA	B	0.16%
	STZ	D	0.16%
	ED	C	0.15%
	HWM	B	0.15%
	FERG	D	0.15%
	KR	C	0.15%
	EXR	B	0.15%
	MSI	B	0.15%
	GEHC	C	0.14%
	NUE	F	0.14%
	VICI	C	0.14%
	APH	D	0.13%
	KHC	C	0.13%
	MTD	D	0.12%
	PHM	B	0.12%
	EFX	B	0.12%
	WEC	C	0.12%
	FANG	D	0.12%
	DTE	C	0.11%
	NVR	B	0.11%
	PAYX	C	0.11%
	GPN	D	0.11%
	DELL	D	0.1%
	STE	C	0.1%
	DOV	B	0.1%
	CHD	D	0.1%
	FE	C	0.1%
	ARE	C	0.09%
	COO	B	0.09%
	HUBB	B	0.09%
	FCNCA	D	0.09%
	RJF	C	0.09%
	INVH	C	0.09%
	TROW	D	0.09%
	YUM	D	0.09%
	VMC	D	0.09%
	LH	C	0.08%
	DG	F	0.08%
	PKG	B	0.08%
	GPC	D	0.08%
	MAA	B	0.08%
	BLDR	C	0.08%
	TDY	B	0.08%
	SQ	D	0.08%
	ATO	B	0.08%
	MSTR	D	0.08%
	CINF	B	0.08%
	CMS	C	0.08%
	DOC	C	0.07%
	SSNC	B	0.07%
	SWKS	D	0.07%
	WSO	C	0.07%
	STLD	F	0.07%
	IP	B	0.07%
	CTRA	D	0.07%
	CCL	C	0.07%
	NTRS	A	0.07%
	WRB	C	0.07%
	SUI	B	0.07%
	EQT	D	0.07%
	CFG	C	0.07%
	WPC	C	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%
	EXPD	C	0.06%
	DLTR	F	0.06%
	L	C	0.06%
	SNA	C	0.06%
	CDW	D	0.06%
	HOOD	C	0.06%
	UTHR	C	0.06%
	VRSN	D	0.06%
	GEN	B	0.06%
	VLTO	C	0.06%
	RVTY	B	0.06%
	MRO	C	0.06%
	APO	C	0.06%
	CAG	C	0.06%
	LNT	B	0.06%
	NI	B	0.06%
	MKL	C	0.06%
	TOL	B	0.06%
	THC	A	0.06%
	FNF	B	0.06%
	AMCR	B	0.06%
	RS	D	0.06%
	BMRN	F	0.06%
	EME	B	0.05%
	JBL	D	0.05%
	SW	B	0.05%
	TECH	C	0.05%
	CASY	D	0.05%
	CW	B	0.05%
	RPM	B	0.05%
	CUBE	B	0.05%
	HST	C	0.05%
	ALLE	B	0.05%
	SJM	C	0.05%
	CLH	A	0.05%
	JKHY	B	0.05%
	CPT	B	0.05%
	IBKR	B	0.05%
	GLPI	C	0.05%
	UHS	B	0.05%
	RNR	C	0.05%
	EVRG	B	0.05%
	NYT	C	0.04%
	TTC	D	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%
	EGP	B	0.04%
	DRI	B	0.04%
	DPZ	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	CHK	D	0.04%
	AOS	D	0.04%
	PFGC	B	0.04%
	AFG	B	0.04%
	FRT	C	0.04%
	TTEK	C	0.04%
	CVNA	B	0.04%
	GL	C	0.04%
	WWD	D	0.04%
	WTRG	D	0.04%
	DOX	C	0.04%
	FWONK	C	0.04%
	OHI	B	0.04%
	CRL	F	0.04%
	NLY	B	0.04%
	HII	D	0.04%
	RRX	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%
	REXR	C	0.04%
	LKQ	F	0.04%
	FDS	C	0.04%
	AVY	C	0.04%
	EWBC	D	0.04%
	RIVN	F	0.04%
	NOV	F	0.03%
	LW	D	0.03%
	FAST	C	0.03%
	CROX	D	0.03%
	CGNX	F	0.03%
	BIO	C	0.03%
	STWD	B	0.03%
	BPOP	C	0.03%
	CART	A	0.03%
	VNO	B	0.03%
	RHI	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	MSA	D	0.03%
	CFR	C	0.03%
	PB	B	0.03%
	FAF	B	0.03%
	PR	F	0.03%
	ARW	C	0.03%
	JAZZ	D	0.03%
	ZION	D	0.03%
	SEIC	C	0.03%
	GNTX	F	0.03%
	WTFC	B	0.03%
	SWN	D	0.03%
	RL	C	0.03%
	BFAM	C	0.03%
	G	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%
	LECO	F	0.03%
	ACHC	C	0.03%
	MKSI	F	0.03%
	HR	C	0.03%
	BWXT	D	0.03%
	ELAN	D	0.03%
	EXAS	C	0.03%
	STAG	C	0.03%
	AGNC	B	0.03%
	ONTO	D	0.03%
	HLI	B	0.03%
	WYNN	D	0.03%
	FR	B	0.03%
	DTM	B	0.03%
	CR	C	0.03%
	CBSH	C	0.03%
	WEX	C	0.03%
	ALGN	D	0.03%
	LAD	D	0.03%
	FND	C	0.03%
	ADC	C	0.03%
	BRBR	C	0.03%
	ATI	C	0.03%
	COKE	C	0.03%
	CHE	C	0.03%
	AXTA	B	0.03%
	MOH	D	0.03%
	JEF	B	0.03%
	MNST	D	0.03%
	WBS	D	0.03%
	ALSN	B	0.03%
	AR	F	0.03%
	GMED	D	0.03%
	APG	D	0.03%
	TKO	B	0.03%
	ACI	F	0.03%
	ROKU	C	0.03%
	PTC	D	0.03%
	X	F	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%
	CZR	C	0.03%
	MHK	C	0.03%
	TWLO	D	0.03%
	BRX	B	0.03%
	LAMR	B	0.03%
	DCI	C	0.03%
	EVR	A	0.03%
	SNX	D	0.03%
	SF	A	0.03%
	WST	D	0.03%
	COTY	F	0.02%
	PRGO	D	0.02%
	MPW	C	0.02%
	NEU	D	0.02%
	CIVI	F	0.02%
	DXC	C	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	UHAL	A	0.02%
	BILL	D	0.02%
	GFS	F	0.02%
	ROIV	C	0.02%
	DLB	D	0.02%
	BYD	C	0.02%
	GNRC	D	0.02%
	KRC	B	0.02%
	AN	D	0.02%
	ASH	D	0.02%
	CPRI	D	0.02%
	FLO	C	0.02%
	DOCS	B	0.02%
	EEFT	D	0.02%
	S	C	0.02%
	WTM	D	0.02%
	OZK	D	0.02%
	SLGN	B	0.02%
	FRPT	B	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	AL	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%
	HXL	F	0.02%
	UGI	C	0.02%
	FNB	C	0.02%
	LBRDK	F	0.02%
	WSC	D	0.02%
	OLN	D	0.02%
	THO	D	0.02%
	KD	D	0.02%
	IDA	C	0.02%
	ORLY	C	0.02%
	COIN	F	0.02%
	OMF	D	0.02%
	MTDR	F	0.02%
	BC	C	0.02%
	VMI	D	0.02%
	SN	B	0.02%
	NFG	B	0.02%
	AMG	C	0.02%
	GME	F	0.02%
	DAR	F	0.02%
	ESAB	C	0.02%
	MTSI	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%
	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%
	FLS	D	0.02%
	SIRI	C	0.02%
	LYFT	D	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%
	MP	D	0.01%
	PSTG	F	0.01%
	BIRK	F	0.01%
	LEG	D	0.01%
	BROS	D	0.01%
	IPGP	F	0.01%
	LEN	B	0.01%
	HAYW	C	0.01%
	SAM	F	0.01%
	REYN	C	0.01%
	VSTS	D	0.01%
	ADT	C	0.01%
	LLYVK	B	0.01%
	GLOB	D	0.01%
	JWN	C	0.01%
	EXP	B	0.01%
	MASI	F	0.01%
	CNM	F	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%
	ENOV	D	0.01%
	BRKR	D	0.01%
	SHC	C	0.01%
	CRI	D	0.01%
	VAC	F	0.01%
	SEE	D	0.01%
	AZTA	F	0.01%
	QDEL	D	0.01%
	CLVT	D	0.01%
	SPB	C	0.01%
	COLM	C	0.01%
	VNOM	C	0.01%
	CXT	D	0.01%
	PK	D	0.01%
	VIRT	C	0.01%
	IRDM	D	0.01%
	SMG	C	0.01%
	FHB	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	NXST	D	0.01%
	PAYC	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%
	NSA	B	0.01%
	MAN	C	0.01%
	HIW	B	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%
	MSM	D	0.01%
	CTAS	B	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%
	CACC	F	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	TFSL	C	0.0%
	TXG	D	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%
	CNA	C	0.0%

IWD Underweight 59 Positions Relative to JUST

	Symbol	Grade	Weight
	AAPL	C	-7.52%
	MSFT	C	-7.24%
	NVDA	D	-6.04%
	AMZN	C	-4.77%
	GOOGL	D	-2.05%
	LLY	C	-1.84%
	GOOG	D	-1.73%
	AVGO	C	-1.58%
	V	C	-1.23%
	COST	B	-1.13%
	MA	B	-1.11%
	MRK	D	-0.71%
	ADBE	F	-0.61%
	AMT	C	-0.42%
	ISRG	B	-0.41%
	NOW	B	-0.41%
	UBER	C	-0.4%
	INTU	C	-0.4%
	PANW	D	-0.25%
	WM	D	-0.25%
	MCO	B	-0.24%
	LRCX	F	-0.22%
	CMG	C	-0.21%
	SNPS	D	-0.17%
	CDNS	D	-0.16%
	ABNB	D	-0.14%
	ADSK	C	-0.13%
	WDAY	D	-0.12%
	VRSK	D	-0.11%
	IDXX	C	-0.1%
	LULU	D	-0.09%
	IT	B	-0.09%
	MPWR	C	-0.09%
	VST	C	-0.08%
	TSCO	C	-0.08%
	DECK	C	-0.07%
	BAH	C	-0.06%
	CLX	C	-0.06%
	DXCM	F	-0.06%
	MDB	D	-0.05%
	EXPE	C	-0.05%
	GDDY	C	-0.05%
	LPLA	D	-0.05%
	LII	B	-0.05%
	NET	D	-0.05%
	EQH	C	-0.04%
	LVS	D	-0.04%
	DOCU	C	-0.03%
	ZS	F	-0.03%
	SMAR	C	-0.02%
	DVA	B	-0.02%
	NCLH	C	-0.02%
	OWL	C	-0.02%
	PEGA	C	-0.01%
	TDC	F	-0.01%
	RARE	B	-0.01%
	GTLB	D	-0.01%
	ESTC	F	-0.01%
	INSP	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 Medicine Beverage Biotechnology Dow Jones Component

JUST: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Semiconductors Credit Services Utilities - Regulated Electric Capital Markets Diagnostics & Research Biotechnology Drug Manufacturers - Major Medical Instruments & Supplies Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Insurance - Life Medical Devices Software - Infrastructure Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Telecommunications Bank Electronics Medicine Banking Chemical Aerospace Mining Disability Insurance Products Semiconductor Work From Home Financial Products