IWD vs. LCTU ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to BlackRock U.S. Carbon Transition Readiness ETF (LCTU)

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

$189.62

Average Daily Volume

1,543,421

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the Russell 1000 ®Index by optimizing for LCETR scores criteria based on proprietary BFA research. It seeks to invest at least 80% of its net assets in equity securities of issuers listed in the United States of America. The index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.68

Average Daily Volume

55,707

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	IWD	LCTU
30 Days	2.56%	3.95%
60 Days	9.52%	11.34%
90 Days	9.70%	3.57%
12 Months	30.25%	34.73%

233 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in LCTU	Overlap
	A	B	0.17%	0.3%	0.17%
	AAL	D	0.03%	0.03%	0.03%
	ABBV	C	0.79%	0.78%	0.78%
	ABT	C	0.78%	1.28%	0.78%
	ACGL	A	0.16%	0.4%	0.16%
	ACN	B	0.88%	1.11%	0.88%
	ADI	B	0.44%	0.52%	0.44%
	ADP	A	0.03%	0.19%	0.03%
	AFG	A	0.04%	0.04%	0.04%
	AFL	A	0.25%	0.16%	0.16%
	AGNC	B	0.03%	0.0%	0.0%
	AGO	B	0.02%	0.01%	0.01%
	AJG	C	0.23%	0.02%	0.02%
	ALL	A	0.17%	0.23%	0.17%
	ALNY	C	0.02%	0.06%	0.02%
	AM	A	0.01%	0.0%	0.0%
	AMAT	C	0.05%	0.23%	0.05%
	AMD	C	0.35%	0.65%	0.35%
	AMGN	D	0.15%	0.52%	0.15%
	AON	A	0.27%	0.3%	0.27%
	APD	C	0.26%	0.14%	0.14%
	AR	C	0.03%	0.09%	0.03%
	ARE	D	0.08%	0.03%	0.03%
	AVY	D	0.04%	0.05%	0.04%
	AXS	A	0.02%	0.03%	0.02%
	BBY	C	0.09%	0.43%	0.09%
	BG	F	0.05%	0.05%	0.05%
	BIIB	F	0.11%	0.25%	0.11%
	BKNG	B	0.03%	0.69%	0.03%
	BKR	B	0.15%	0.5%	0.15%
	BMY	A	0.43%	0.02%	0.02%
	BRK.A	B	3.32%	0.76%	0.76%
	BSX	A	0.49%	0.2%	0.2%
	BWA	C	0.03%	0.01%	0.01%
	BXP	B	0.05%	0.13%	0.05%
	C	B	0.47%	0.32%	0.32%
	CAT	A	0.65%	0.56%	0.56%
	CCK	C	0.04%	0.08%	0.04%
	CEG	A	0.28%	0.16%	0.16%
	CFG	C	0.07%	0.11%	0.07%
	CHD	D	0.1%	0.45%	0.1%
	CHRW	C	0.05%	0.16%	0.05%
	CI	D	0.35%	0.41%	0.35%
	CINF	A	0.08%	0.11%	0.08%
	CIVI	F	0.01%	0.02%	0.01%
	CL	D	0.15%	0.38%	0.15%
	CMCSA	B	0.64%	0.06%	0.06%
	CME	A	0.32%	0.07%	0.07%
	CMI	A	0.18%	0.79%	0.18%
	CNC	F	0.15%	0.4%	0.15%
	COF	A	0.22%	0.83%	0.22%
	COP	D	0.51%	0.76%	0.51%
	CRM	B	0.15%	0.61%	0.15%
	CSCO	A	0.85%	0.77%	0.77%
	CTLT	A	0.04%	0.03%	0.03%
	CTSH	B	0.15%	0.09%	0.09%
	CVS	D	0.31%	0.26%	0.26%
	CVX	B	1.02%	0.23%	0.23%
	CZR	B	0.03%	0.05%	0.03%
	DELL	C	0.1%	0.01%	0.01%
	DIS	D	0.69%	0.23%	0.23%
	DJT	F	0.0%	0.01%	0.0%
	DOX	B	0.04%	0.01%	0.01%
	DXC	C	0.01%	0.0%	0.0%
	EBAY	A	0.13%	0.35%	0.13%
	ECL	C	0.03%	1.1%	0.03%
	ED	C	0.14%	0.11%	0.11%
	EL	D	0.06%	0.12%	0.06%
	ELV	F	0.4%	0.41%	0.4%
	ES	D	0.09%	0.32%	0.09%
	ESI	C	0.02%	0.15%	0.02%
	ETN	B	0.52%	0.63%	0.52%
	ETSY	F	0.01%	0.22%	0.01%
	EW	F	0.12%	0.06%	0.06%
	EXPD	D	0.06%	0.4%	0.06%
	FANG	D	0.13%	0.07%	0.07%
	FCX	B	0.29%	0.07%	0.07%
	FITB	C	0.11%	0.3%	0.11%
	FMC	C	0.03%	0.16%	0.03%
	FNB	D	0.02%	0.14%	0.02%
	FRT	D	0.04%	0.14%	0.04%
	FSLR	C	0.1%	0.04%	0.04%
	FTI	B	0.05%	0.06%	0.05%
	FTNT	A	0.04%	0.23%	0.04%
	FYBR	C	0.03%	0.0%	0.0%
	G	A	0.03%	0.0%	0.0%
	GAP	F	0.02%	0.02%	0.02%
	GE	B	0.63%	0.45%	0.45%
	GEV	A	0.28%	0.18%	0.18%
	GFS	F	0.02%	0.01%	0.01%
	GILD	A	0.42%	0.05%	0.05%
	GLOB	D	0.01%	0.12%	0.01%
	GM	D	0.2%	0.04%	0.04%
	GS	B	0.45%	1.01%	0.45%
	GWRE	A	0.03%	0.04%	0.03%
	GXO	D	0.02%	0.02%	0.02%
	HAS	A	0.01%	0.05%	0.01%
	HD	A	0.33%	0.67%	0.33%
	HOLX	D	0.07%	0.39%	0.07%
	HPE	B	0.1%	0.07%	0.07%
	HPQ	B	0.1%	0.08%	0.08%
	HST	D	0.05%	0.01%	0.01%
	HUBB	A	0.09%	0.4%	0.09%
	HUM	F	0.13%	0.14%	0.13%
	HWM	A	0.15%	0.04%	0.04%
	HXL	F	0.02%	0.11%	0.02%
	IBM	A	0.8%	0.29%	0.29%
	IEX	D	0.06%	0.0%	0.0%
	ILMN	B	0.08%	0.3%	0.08%
	INGR	B	0.04%	0.0%	0.0%
	INTC	D	0.38%	0.23%	0.23%
	IPG	D	0.05%	0.22%	0.05%
	IR	A	0.16%	0.21%	0.16%
	ITT	C	0.05%	0.01%	0.01%
	ITW	C	0.19%	0.17%	0.17%
	J	F	0.07%	0.65%	0.07%
	JBHT	D	0.06%	0.25%	0.06%
	JNJ	D	1.55%	1.43%	1.43%
	JPM	C	2.35%	1.29%	1.29%
	K	B	0.08%	0.03%	0.03%
	KDP	C	0.16%	0.2%	0.16%
	KEX	C	0.03%	0.07%	0.03%
	KEY	B	0.06%	0.53%	0.06%
	KIM	C	0.06%	0.02%	0.02%
	KKR	A	0.25%	1.01%	0.25%
	KMI	A	0.17%	0.08%	0.08%
	KO	C	0.47%	1.17%	0.47%
	KRC	C	0.02%	0.12%	0.02%
	LCID	F	0.01%	0.01%	0.01%
	LOPE	D	0.01%	0.02%	0.01%
	MAN	D	0.01%	0.14%	0.01%
	MCD	A	0.81%	0.27%	0.27%
	MDLZ	D	0.39%	0.46%	0.39%
	MDT	C	0.46%	0.26%	0.26%
	MET	A	0.19%	0.09%	0.09%
	MGM	D	0.04%	0.15%	0.04%
	MKC	C	0.08%	0.46%	0.08%
	MKTX	B	0.04%	0.0%	0.0%
	MMC	D	0.38%	0.44%	0.38%
	MMM	C	0.24%	0.03%	0.03%
	MOH	F	0.03%	0.03%	0.03%
	MPC	D	0.23%	0.37%	0.23%
	MRNA	F	0.08%	0.03%	0.03%
	MRVL	C	0.22%	0.03%	0.03%
	MS	A	0.45%	0.01%	0.01%
	MSCI	B	0.07%	0.1%	0.07%
	MTB	A	0.11%	0.28%	0.11%
	MTD	C	0.12%	0.1%	0.1%
	MTZ	A	0.03%	0.05%	0.03%
	MU	D	0.44%	0.06%	0.06%
	NDAQ	C	0.12%	0.38%	0.12%
	NEE	C	0.7%	0.15%	0.15%
	NKE	D	0.16%	0.31%	0.16%
	NOV	F	0.03%	0.01%	0.01%
	NRG	A	0.05%	0.27%	0.05%
	O	C	0.22%	0.26%	0.22%
	OKE	A	0.21%	0.13%	0.13%
	OKTA	F	0.03%	0.16%	0.03%
	OLED	B	0.02%	0.23%	0.02%
	OMC	C	0.08%	0.03%	0.03%
	PARA	F	0.02%	0.0%	0.0%
	PCAR	D	0.2%	0.68%	0.2%
	PEG	A	0.18%	0.63%	0.18%
	PEP	F	0.2%	0.36%	0.2%
	PFE	D	0.65%	0.11%	0.11%
	PG	D	1.26%	0.5%	0.5%
	PGR	B	0.09%	0.14%	0.09%
	PII	D	0.02%	0.0%	0.0%
	PLD	D	0.46%	0.53%	0.46%
	PNFP	B	0.03%	0.0%	0.0%
	PPG	D	0.12%	0.69%	0.12%
	PSN	A	0.02%	0.06%	0.02%
	PSX	D	0.22%	0.03%	0.03%
	PVH	D	0.02%	0.02%	0.02%
	PWR	A	0.12%	0.07%	0.07%
	PYPL	A	0.31%	0.11%	0.11%
	QCOM	D	0.05%	0.31%	0.05%
	REG	C	0.05%	0.12%	0.05%
	REXR	D	0.04%	0.08%	0.04%
	RGA	B	0.06%	0.22%	0.06%
	RGLD	C	0.04%	0.08%	0.04%
	RIVN	F	0.03%	0.04%	0.03%
	RJF	B	0.09%	0.18%	0.09%
	RL	B	0.03%	0.08%	0.03%
	RMD	C	0.1%	0.03%	0.03%
	RPM	A	0.05%	0.01%	0.01%
	RTX	A	0.66%	0.47%	0.47%
	S	C	0.02%	0.04%	0.02%
	SAIC	A	0.03%	0.02%	0.02%
	SBUX	B	0.1%	0.26%	0.1%
	SCHW	D	0.34%	0.06%	0.06%
	SHW	C	0.03%	0.11%	0.03%
	SPG	A	0.16%	0.18%	0.16%
	SPGI	C	0.64%	1.28%	0.64%
	SQ	D	0.08%	0.23%	0.08%
	SRE	C	0.21%	0.97%	0.21%
	STLD	C	0.08%	0.04%	0.04%
	SYY	D	0.06%	0.15%	0.06%
	TDG	A	0.25%	0.01%	0.01%
	TFC	D	0.22%	0.0%	0.0%
	TGT	C	0.28%	0.33%	0.28%
	TJX	D	0.21%	0.25%	0.21%
	TMUS	A	0.4%	0.32%	0.32%
	TT	A	0.23%	0.79%	0.23%
	TTEK	A	0.04%	0.0%	0.0%
	TTWO	D	0.1%	0.1%	0.1%
	TWLO	B	0.03%	0.0%	0.0%
	TXN	C	0.64%	0.42%	0.42%
	TXT	F	0.06%	0.03%	0.03%
	UNH	B	1.98%	0.14%	0.14%
	USB	C	0.28%	0.02%	0.02%
	VLO	F	0.17%	0.07%	0.07%
	VLTO	A	0.06%	0.21%	0.06%
	VNO	B	0.03%	0.02%	0.02%
	VOYA	A	0.03%	0.07%	0.03%
	VRTX	D	0.24%	0.18%	0.18%
	VTR	C	0.1%	0.12%	0.1%
	VZ	C	0.76%	0.43%	0.43%
	WAT	B	0.03%	0.06%	0.03%
	WDC	C	0.09%	0.05%	0.05%
	WELL	C	0.31%	0.03%	0.03%
	WFC	B	0.77%	0.02%	0.02%
	WHR	C	0.02%	0.22%	0.02%
	WMT	A	1.4%	0.25%	0.25%
	WSM	C	0.03%	0.29%	0.03%
	WST	D	0.03%	0.05%	0.03%
	WY	C	0.1%	0.38%	0.1%
	XOM	A	2.14%	0.72%	0.72%
	XRAY	D	0.02%	0.13%	0.02%
	XYL	C	0.13%	0.47%	0.13%
	YETI	C	0.01%	0.0%	0.0%
	YUM	C	0.1%	0.66%	0.1%
	ZM	B	0.07%	0.17%	0.07%

IWD Overweight 631 Positions Relative to LCTU

	Symbol	Grade	Weight
	BAC	B	1.06%
	TMO	D	0.93%
	LIN	C	0.91%
	PM	D	0.74%
	DHR	D	0.7%
	T	B	0.63%
	LOW	C	0.62%
	BLK	A	0.55%
	CB	A	0.47%
	HON	C	0.45%
	DE	C	0.42%
	REGN	D	0.4%
	UPS	D	0.39%
	SO	A	0.39%
	AXP	A	0.37%
	DUK	C	0.36%
	SYK	C	0.36%
	ICE	A	0.36%
	MO	D	0.35%
	LMT	A	0.35%
	GD	C	0.33%
	PH	A	0.32%
	UNP	F	0.31%
	EQIX	C	0.31%
	BA	F	0.3%
	NOC	B	0.3%
	EOG	B	0.29%
	BDX	C	0.28%
	FI	A	0.28%
	PNC	C	0.28%
	CSX	D	0.27%
	CARR	A	0.26%
	CRH	C	0.25%
	EMR	B	0.25%
	NEM	C	0.25%
	FDX	F	0.24%
	SLB	D	0.24%
	DHI	C	0.23%
	HCA	C	0.23%
	ROP	D	0.23%
	NSC	C	0.22%
	WMB	A	0.22%
	MAR	A	0.22%
	DLR	C	0.21%
	CCI	D	0.21%
	BK	A	0.21%
	TRV	B	0.21%
	AEP	C	0.21%
	JCI	C	0.2%
	FIS	A	0.19%
	AIG	C	0.19%
	PSA	C	0.19%
	D	A	0.19%
	LEN	C	0.18%
	LHX	A	0.18%
	GIS	C	0.17%
	OTIS	A	0.17%
	F	D	0.17%
	PCG	C	0.17%
	PRU	B	0.17%
	KVUE	C	0.17%
	CTVA	A	0.16%
	URI	C	0.16%
	EXC	C	0.16%
	STZ	D	0.16%
	MCHP	F	0.16%
	RSG	D	0.16%
	NUE	D	0.15%
	GEHC	C	0.15%
	DD	C	0.15%
	MCK	F	0.15%
	IQV	F	0.15%
	EXR	D	0.15%
	ROST	D	0.15%
	KR	C	0.15%
	FERG	F	0.15%
	CBRE	C	0.15%
	EA	D	0.15%
	DOW	B	0.15%
	MSI	A	0.15%
	AME	C	0.15%
	DFS	A	0.14%
	GLW	C	0.14%
	VICI	C	0.14%
	HIG	A	0.14%
	OXY	D	0.14%
	XEL	C	0.14%
	AVB	C	0.13%
	WAB	A	0.13%
	DAL	C	0.13%
	EIX	C	0.13%
	PAYX	B	0.12%
	PHM	C	0.12%
	CSGP	F	0.12%
	ON	F	0.12%
	WEC	B	0.12%
	WTW	C	0.12%
	CHTR	D	0.12%
	MLM	F	0.12%
	KHC	F	0.12%
	APH	D	0.12%
	DTE	B	0.11%
	GRMN	D	0.11%
	RCL	B	0.11%
	KEYS	B	0.11%
	FTV	C	0.11%
	ANSS	D	0.11%
	HLT	A	0.11%
	ROK	D	0.11%
	EQR	C	0.11%
	KMB	D	0.11%
	ETR	A	0.11%
	ADM	F	0.11%
	AWK	D	0.11%
	NVR	C	0.11%
	EFX	D	0.11%
	HSY	D	0.1%
	VMC	D	0.1%
	PPL	C	0.1%
	LYB	B	0.1%
	DVN	F	0.1%
	SW	C	0.1%
	GPN	F	0.1%
	FE	C	0.1%
	SBAC	C	0.1%
	DOV	C	0.1%
	STT	A	0.1%
	IFF	D	0.1%
	HAL	D	0.1%
	FCNCA	D	0.09%
	ZBH	F	0.09%
	CBOE	B	0.09%
	LDOS	A	0.09%
	STE	D	0.09%
	AEE	A	0.09%
	TROW	D	0.09%
	MSTR	B	0.09%
	TRU	C	0.08%
	CNP	B	0.08%
	PKG	B	0.08%
	APTV	D	0.08%
	SYF	A	0.08%
	GPC	D	0.08%
	PFG	A	0.08%
	WBD	F	0.08%
	EQT	C	0.08%
	TDY	A	0.08%
	LNG	A	0.08%
	HBAN	B	0.08%
	RF	B	0.08%
	BALL	C	0.08%
	ATO	A	0.08%
	CMS	A	0.08%
	COO	C	0.08%
	INVH	D	0.08%
	BLDR	C	0.08%
	AMCR	C	0.07%
	SUI	D	0.07%
	RS	D	0.07%
	WRB	C	0.07%
	TSN	D	0.07%
	SWK	C	0.07%
	DGX	D	0.07%
	WSO	C	0.07%
	IP	C	0.07%
	AVTR	D	0.07%
	APO	A	0.07%
	NTRS	B	0.07%
	CSL	A	0.07%
	LUV	B	0.07%
	CCL	C	0.07%
	CTRA	D	0.07%
	MAA	D	0.07%
	UAL	A	0.07%
	LH	D	0.07%
	MAS	C	0.07%
	CHK	C	0.07%
	DG	F	0.07%
	ESS	D	0.07%
	BAX	D	0.07%
	ACM	A	0.06%
	BRO	A	0.06%
	RNR	A	0.06%
	USFD	C	0.06%
	L	C	0.06%
	DLTR	F	0.06%
	EG	A	0.06%
	AES	C	0.06%
	GGG	C	0.06%
	IBKR	A	0.06%
	CDW	D	0.06%
	ZBRA	B	0.06%
	IRM	B	0.06%
	GEN	A	0.06%
	UDR	C	0.06%
	VRSN	C	0.06%
	NDSN	C	0.06%
	TRMB	B	0.06%
	HOOD	B	0.06%
	SNA	C	0.06%
	AKAM	D	0.06%
	OC	C	0.06%
	SWKS	F	0.06%
	RVTY	C	0.06%
	MKL	B	0.06%
	MRO	B	0.06%
	ZTS	C	0.06%
	THC	D	0.06%
	CAG	D	0.06%
	NI	A	0.06%
	UTHR	C	0.06%
	LNT	B	0.06%
	TOL	C	0.06%
	DOC	C	0.06%
	SSNC	C	0.06%
	CF	A	0.06%
	PNR	C	0.06%
	FNF	C	0.06%
	NVT	C	0.05%
	KMX	F	0.05%
	TFX	C	0.05%
	CASY	D	0.05%
	COHR	B	0.05%
	CUBE	C	0.05%
	BLD	D	0.05%
	JBL	C	0.05%
	EME	B	0.05%
	TECH	D	0.05%
	CLH	B	0.05%
	CVNA	A	0.05%
	SJM	D	0.05%
	ALLE	A	0.05%
	JNPR	C	0.05%
	CPT	C	0.05%
	FFIV	B	0.05%
	CW	A	0.05%
	AMH	D	0.05%
	ELS	D	0.05%
	EMN	C	0.05%
	UHS	D	0.05%
	JKHY	A	0.05%
	BMRN	F	0.05%
	WPC	C	0.05%
	GLPI	C	0.05%
	VTRS	D	0.05%
	HES	D	0.05%
	EVRG	C	0.05%
	NTAP	D	0.05%
	CIEN	A	0.04%
	NYT	C	0.04%
	SNX	C	0.04%
	GPK	D	0.04%
	DCI	B	0.04%
	NNN	C	0.04%
	EGP	D	0.04%
	AFRM	C	0.04%
	WAL	C	0.04%
	EVR	C	0.04%
	TTC	F	0.04%
	HSIC	D	0.04%
	AYI	A	0.04%
	DRI	C	0.04%
	GL	C	0.04%
	SF	A	0.04%
	HRL	F	0.04%
	PRI	A	0.04%
	SOLV	C	0.04%
	CPB	D	0.04%
	APA	F	0.04%
	WYNN	B	0.04%
	QRVO	F	0.04%
	CG	B	0.04%
	EHC	C	0.04%
	FOXA	B	0.04%
	CNH	C	0.04%
	MTCH	B	0.04%
	WTRG	D	0.04%
	DPZ	D	0.04%
	NTNX	C	0.04%
	CRL	F	0.04%
	NLY	C	0.04%
	AA	B	0.04%
	ARMK	C	0.04%
	FWONK	D	0.04%
	NWSA	D	0.04%
	OHI	C	0.04%
	TAP	D	0.04%
	WWD	C	0.04%
	EPAM	F	0.04%
	INCY	B	0.04%
	Z	C	0.04%
	PFGC	A	0.04%
	PNW	C	0.04%
	UNM	A	0.04%
	DKS	D	0.04%
	HII	F	0.04%
	AIZ	B	0.04%
	LKQ	F	0.04%
	TPR	B	0.04%
	OVV	D	0.04%
	ATR	A	0.04%
	AOS	C	0.04%
	FBIN	C	0.04%
	RRX	B	0.04%
	CAH	B	0.04%
	CE	D	0.04%
	EWBC	B	0.04%
	RPRX	D	0.04%
	BJ	B	0.04%
	CACI	A	0.04%
	ALB	D	0.04%
	FDS	C	0.04%
	SCI	D	0.04%
	AZPN	A	0.03%
	IVZ	A	0.03%
	LW	D	0.03%
	CFR	B	0.03%
	MSA	F	0.03%
	LFUS	C	0.03%
	FAST	C	0.03%
	CRUS	D	0.03%
	OSK	F	0.03%
	CGNX	F	0.03%
	BIO	B	0.03%
	FAF	C	0.03%
	MAT	B	0.03%
	MTG	A	0.03%
	LBRDK	C	0.03%
	ZION	D	0.03%
	SOFI	C	0.03%
	LSTR	F	0.03%
	MKSI	F	0.03%
	JAZZ	F	0.03%
	BFAM	C	0.03%
	WTFC	B	0.03%
	HR	D	0.03%
	FLS	A	0.03%
	GNTX	D	0.03%
	WMS	D	0.03%
	CBSH	D	0.03%
	RHI	D	0.03%
	CROX	C	0.03%
	RGEN	F	0.03%
	CART	B	0.03%
	VFC	A	0.03%
	DINO	F	0.03%
	ARW	C	0.03%
	STAG	D	0.03%
	BBWI	F	0.03%
	SEIC	B	0.03%
	FICO	C	0.03%
	PR	D	0.03%
	HRB	C	0.03%
	ELAN	D	0.03%
	WCC	D	0.03%
	FR	D	0.03%
	RRC	D	0.03%
	SSD	B	0.03%
	MIDD	D	0.03%
	ONTO	B	0.03%
	MNST	D	0.03%
	APG	F	0.03%
	ADC	C	0.03%
	EXAS	C	0.03%
	LECO	D	0.03%
	HLI	A	0.03%
	CR	A	0.03%
	ALGN	D	0.03%
	DTM	A	0.03%
	BERY	C	0.03%
	WBS	D	0.03%
	CMA	C	0.03%
	WEX	C	0.03%
	JEF	A	0.03%
	ACI	F	0.03%
	AXTA	C	0.03%
	X	F	0.03%
	GMED	B	0.03%
	CHE	D	0.03%
	COKE	C	0.03%
	COLD	D	0.03%
	ROKU	C	0.03%
	BRBR	A	0.03%
	SKX	B	0.03%
	FCN	C	0.03%
	KBR	A	0.03%
	FND	C	0.03%
	BWXT	A	0.03%
	CHRD	F	0.03%
	ATI	C	0.03%
	OGE	C	0.03%
	FHN	D	0.03%
	DAY	C	0.03%
	ALLY	F	0.03%
	GME	D	0.03%
	PTC	B	0.03%
	TKO	A	0.03%
	KNX	D	0.03%
	BRX	C	0.03%
	MHK	C	0.03%
	ALSN	A	0.03%
	LAMR	C	0.03%
	RBC	C	0.03%
	LAD	C	0.03%
	JLL	C	0.03%
	MOS	F	0.03%
	TW	A	0.03%
	ORI	A	0.03%
	IAC	C	0.02%
	AWI	A	0.02%
	MSM	D	0.02%
	HUN	B	0.02%
	BILL	D	0.02%
	RH	C	0.02%
	UHAL	C	0.02%
	CLF	D	0.02%
	LITE	A	0.02%
	AMP	A	0.02%
	DBX	C	0.02%
	SITE	D	0.02%
	M	D	0.02%
	FLO	D	0.02%
	ASH	F	0.02%
	FRPT	A	0.02%
	SLGN	B	0.02%
	EEFT	F	0.02%
	BYD	B	0.02%
	OZK	D	0.02%
	DLB	D	0.02%
	CUZ	C	0.02%
	WTM	C	0.02%
	AN	D	0.02%
	HOG	D	0.02%
	AL	D	0.02%
	AZO	D	0.02%
	RYN	C	0.02%
	LINE	F	0.02%
	GNRC	B	0.02%
	SAIA	D	0.02%
	CPRI	C	0.02%
	SLM	B	0.02%
	AVT	B	0.02%
	OGN	F	0.02%
	WSC	D	0.02%
	ROIV	D	0.02%
	JHG	A	0.02%
	DOCS	A	0.02%
	CCCS	D	0.02%
	WLK	C	0.02%
	W	C	0.02%
	KD	D	0.02%
	LNC	B	0.02%
	UGI	C	0.02%
	OMF	D	0.02%
	FOX	B	0.02%
	VNT	F	0.02%
	COIN	F	0.02%
	IDA	D	0.02%
	ORLY	A	0.02%
	ST	F	0.02%
	COLB	C	0.02%
	THG	A	0.02%
	TKR	B	0.02%
	SON	D	0.02%
	WH	C	0.02%
	MTDR	D	0.02%
	NFG	A	0.02%
	MDU	C	0.02%
	AMG	B	0.02%
	SIRI	C	0.02%
	OLN	D	0.02%
	H	B	0.02%
	RITM	D	0.02%
	THO	C	0.02%
	BEN	F	0.02%
	SRCL	B	0.02%
	BC	C	0.02%
	ALK	C	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	A	0.02%
	POST	C	0.02%
	DAR	F	0.02%
	OLLI	C	0.02%
	GWW	B	0.02%
	ESAB	C	0.02%
	MTSI	B	0.02%
	SNV	D	0.02%
	LEA	F	0.02%
	AGCO	D	0.02%
	BPOP	D	0.02%
	R	C	0.02%
	RLI	A	0.02%
	DASH	A	0.02%
	STWD	C	0.02%
	PB	D	0.02%
	WBA	F	0.02%
	SNDR	D	0.01%
	CERT	F	0.01%
	LYFT	D	0.01%
	TRIP	D	0.01%
	INFA	D	0.01%
	WEN	B	0.01%
	FTRE	F	0.01%
	UA	B	0.01%
	REYN	D	0.01%
	GO	F	0.01%
	TER	C	0.01%
	PPC	C	0.01%
	UAA	B	0.01%
	LEG	D	0.01%
	BIRK	F	0.01%
	PSTG	F	0.01%
	LEN	C	0.01%
	VSTS	D	0.01%
	QS	F	0.01%
	AZEK	D	0.01%
	PINC	F	0.01%
	IPGP	D	0.01%
	ADT	D	0.01%
	SAM	D	0.01%
	LPX	C	0.01%
	BROS	F	0.01%
	JWN	D	0.01%
	HAYW	C	0.01%
	BR	B	0.01%
	RCM	B	0.01%
	AAP	F	0.01%
	ENOV	F	0.01%
	KSS	D	0.01%
	MP	C	0.01%
	BOKF	B	0.01%
	EXP	C	0.01%
	CRI	D	0.01%
	QDEL	D	0.01%
	LLYVK	B	0.01%
	HHH	C	0.01%
	ULTA	D	0.01%
	CNXC	F	0.01%
	WU	D	0.01%
	SHC	C	0.01%
	VIRT	B	0.01%
	CWEN	C	0.01%
	SPB	C	0.01%
	AGR	C	0.01%
	VAC	D	0.01%
	AZTA	F	0.01%
	BRKR	D	0.01%
	CLVT	D	0.01%
	CXT	F	0.01%
	ALGM	F	0.01%
	CC	D	0.01%
	BHF	D	0.01%
	MASI	B	0.01%
	RKT	D	0.01%
	PENN	D	0.01%
	COLM	B	0.01%
	SEE	C	0.01%
	FHB	D	0.01%
	CNM	F	0.01%
	PK	D	0.01%
	ZG	C	0.01%
	PAG	D	0.01%
	AMED	D	0.01%
	CPRT	B	0.01%
	NXST	D	0.01%
	ZI	F	0.01%
	TNL	B	0.01%
	PAYC	D	0.01%
	NWS	D	0.01%
	NWL	D	0.01%
	AMTM	D	0.01%
	PLNT	B	0.01%
	NSA	D	0.01%
	AMKR	F	0.01%
	NVST	D	0.01%
	SPR	D	0.01%
	VNOM	A	0.01%
	IRDM	C	0.01%
	MPW	C	0.01%
	PRGO	F	0.01%
	HIW	C	0.01%
	LBTYK	C	0.01%
	COTY	F	0.01%
	LBTYA	C	0.01%
	DNB	D	0.01%
	GTES	C	0.01%
	U	D	0.01%
	MSGS	A	0.01%
	CTAS	C	0.01%
	EPR	C	0.01%
	KMPR	D	0.01%
	TYL	D	0.01%
	SMG	C	0.01%
	TPG	A	0.01%
	NEU	F	0.01%
	SEG	F	0.0%
	LOAR	B	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	UHAL	C	0.0%
	LAZ	C	0.0%
	GRAL	F	0.0%
	IONS	F	0.0%
	UI	B	0.0%
	PLTK	C	0.0%
	CHH	A	0.0%
	CACC	F	0.0%
	TFSL	D	0.0%
	TXG	F	0.0%
	PATH	D	0.0%
	SEB	F	0.0%
	CAR	D	0.0%
	PYCR	D	0.0%
	LLYVA	B	0.0%
	LSCC	D	0.0%
	AS	B	0.0%
	NCNO	F	0.0%
	FIVE	D	0.0%
	HCP	A	0.0%
	FWONA	C	0.0%
	MTN	D	0.0%
	DV	F	0.0%
	ALAB	C	0.0%
	CWEN	C	0.0%
	CNA	D	0.0%
	LBRDA	C	0.0%
	WOLF	F	0.0%
	DDS	D	0.0%
	EXEL	B	0.0%

IWD Underweight 51 Positions Relative to LCTU

	Symbol	Grade	Weight
	AAPL	C	-7.04%
	NVDA	B	-5.42%
	MSFT	D	-5.24%
	AMZN	C	-3.13%
	META	A	-2.3%
	GOOGL	B	-1.96%
	MA	A	-1.75%
	LLY	D	-1.7%
	GOOG	B	-1.62%
	TSLA	C	-1.44%
	COST	C	-1.37%
	AVGO	B	-1.33%
	NFLX	A	-0.75%
	MRK	F	-0.59%
	ADBE	F	-0.59%
	ADSK	B	-0.58%
	INTU	F	-0.52%
	LRCX	D	-0.5%
	UBER	C	-0.47%
	AMT	D	-0.4%
	PANW	B	-0.37%
	NOW	B	-0.36%
	VEEV	C	-0.35%
	ORCL	A	-0.3%
	LPLA	D	-0.17%
	ISRG	C	-0.16%
	WDAY	D	-0.16%
	DECK	B	-0.16%
	SPOT	C	-0.13%
	NU	D	-0.13%
	DVA	C	-0.12%
	LVS	B	-0.12%
	HUBS	D	-0.09%
	EXPE	B	-0.08%
	PLTR	A	-0.07%
	CRWD	D	-0.07%
	VRSK	D	-0.07%
	TRGP	A	-0.05%
	TEAM	D	-0.05%
	ZS	F	-0.04%
	ABNB	D	-0.04%
	CDNS	D	-0.03%
	SMCI	F	-0.03%
	DOCU	A	-0.03%
	CPNG	C	-0.03%
	CMG	C	-0.02%
	DXCM	F	-0.02%
	ENPH	F	-0.02%
	VRT	B	-0.02%
	SNOW	F	-0.0%
	BX	C	-0.0%

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

LCTU: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Semiconductors Banks - Regional - US Capital Markets Diversified Industrials Software - Infrastructure Health Care Plans Information Technology Services Telecom Services Diagnostics & Research Insurance - Property & Casualty Medical Instruments & Supplies REIT - Retail Specialty Chemicals Specialty Retail Aerospace & Defense Auto Manufacturers Engineering & Construction Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Work From Home Bank Telecommunications Electronics Real Estate Investment Trust Medicine Mobile Devices Banking Chemical Cloud Computing Disability Insurance Products Mining Cash Management