IWD vs. MODL ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	IWD	MODL
30 Days	3.53%	2.91%
60 Days	4.90%	4.12%
90 Days	6.95%	5.95%
12 Months	29.54%	30.78%

242 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in MODL	Overlap
A	D	0.15%	0.13%	0.13%
ABBV	D	0.65%	1.05%	0.65%
ABT	B	0.78%	0.72%	0.72%
ACGL	D	0.14%	0.1%	0.1%
ACN	C	0.86%	0.31%	0.31%
ADI	D	0.4%	0.14%	0.14%
ADM	D	0.1%	0.1%	0.1%
AFL	B	0.24%	0.16%	0.16%
AIG	B	0.19%	0.14%	0.14%
AJG	B	0.23%	0.18%	0.18%
AKAM	D	0.05%	0.02%	0.02%
ALGN	D	0.03%	0.06%	0.03%
ALL	A	0.17%	0.15%	0.15%
ALNY	D	0.01%	0.11%	0.01%
AMAT	F	0.04%	0.2%	0.04%
AMD	F	0.29%	0.32%	0.29%
AMGN	D	0.13%	0.54%	0.13%
AMP	A	0.02%	0.31%	0.02%
ANSS	B	0.11%	0.06%	0.06%
AON	A	0.29%	0.23%	0.23%
APH	A	0.14%	0.12%	0.12%
APO	B	0.08%	0.18%	0.08%
APTV	D	0.06%	0.03%	0.03%
AVTR	F	0.05%	0.05%	0.05%
AXP	A	0.39%	0.56%	0.39%
AZO	C	0.02%	0.1%	0.02%
BAC	A	1.23%	1.02%	1.02%
BAX	D	0.06%	0.06%	0.06%
BBY	D	0.08%	0.03%	0.03%
BDX	F	0.25%	0.22%	0.22%
BEN	C	0.02%	0.04%	0.02%
BIIB	F	0.09%	0.08%	0.08%
BK	A	0.22%	0.33%	0.22%
BKNG	A	0.04%	0.32%	0.04%
BLK	C	0.6%	0.9%	0.6%
BMRN	D	0.05%	0.04%	0.04%
BMY	B	0.44%	0.41%	0.41%
BRK.A	B	3.35%	1.72%	1.72%
BRK.A	B	3.35%	0.65%	0.65%
BRO	B	0.06%	0.07%	0.06%
BSX	B	0.5%	0.48%	0.48%
C	A	0.51%	0.37%	0.37%
CAH	B	0.05%	0.11%	0.05%
CB	C	0.45%	0.33%	0.33%
CBOE	B	0.08%	0.12%	0.08%
CCL	B	0.09%	0.05%	0.05%
CDW	F	0.05%	0.03%	0.03%
CFG	B	0.08%	0.06%	0.06%
CHD	B	0.1%	0.1%	0.1%
CHTR	C	0.14%	0.08%	0.08%
CI	F	0.32%	0.32%	0.32%
CINF	A	0.09%	0.07%	0.07%
CL	D	0.13%	0.28%	0.13%
CMCSA	B	0.64%	0.34%	0.34%
CME	A	0.32%	0.48%	0.32%
CNC	D	0.12%	0.11%	0.11%
COF	B	0.27%	0.19%	0.19%
COIN	C	0.04%	0.37%	0.04%
CRM	B	0.18%	0.54%	0.18%
CSCO	B	0.91%	0.31%	0.31%
CTSH	B	0.15%	0.05%	0.05%
CVS	D	0.26%	0.24%	0.24%
DASH	A	0.03%	0.1%	0.03%
DELL	C	0.12%	0.05%	0.05%
DFS	B	0.17%	0.12%	0.12%
DG	F	0.06%	0.07%	0.06%
DGX	A	0.07%	0.07%	0.07%
DHI	D	0.19%	0.09%	0.09%
DHR	F	0.58%	0.54%	0.54%
DIS	B	0.82%	0.43%	0.43%
DLTR	F	0.05%	0.06%	0.05%
DPZ	C	0.04%	0.03%	0.03%
DRI	B	0.04%	0.04%	0.04%
EA	A	0.17%	0.08%	0.08%
EBAY	D	0.12%	0.06%	0.06%
EG	C	0.05%	0.03%	0.03%
EL	F	0.04%	0.06%	0.04%
ELV	F	0.3%	0.33%	0.3%
EW	C	0.13%	0.15%	0.13%
F	C	0.17%	0.08%	0.08%
FCNCA	A	0.1%	0.06%	0.06%
FDS	B	0.05%	0.11%	0.05%
FI	A	0.32%	0.34%	0.32%
FICO	B	0.03%	0.1%	0.03%
FIS	C	0.19%	0.14%	0.14%
FITB	A	0.12%	0.09%	0.09%
FOX	A	0.02%	0.01%	0.01%
FOXA	B	0.04%	0.02%	0.02%
FSLR	F	0.08%	0.03%	0.03%
FTNT	C	0.04%	0.1%	0.04%
GEHC	F	0.13%	0.13%	0.13%
GEN	B	0.06%	0.02%	0.02%
GILD	C	0.43%	0.42%	0.42%
GIS	D	0.14%	0.12%	0.12%
GLW	B	0.14%	0.05%	0.05%
GM	B	0.25%	0.12%	0.12%
GPC	D	0.07%	0.03%	0.03%
GPN	B	0.12%	0.08%	0.08%
GRMN	B	0.13%	0.06%	0.06%
GS	A	0.53%	1.05%	0.53%
HBAN	A	0.1%	0.07%	0.07%
HCA	F	0.19%	0.23%	0.19%
HD	A	0.32%	0.8%	0.32%
HIG	B	0.13%	0.1%	0.1%
HLT	A	0.12%	0.13%	0.12%
HOLX	D	0.07%	0.06%	0.06%
HPE	B	0.11%	0.04%	0.04%
HPQ	B	0.11%	0.05%	0.05%
HRL	D	0.03%	0.03%	0.03%
HSY	F	0.08%	0.09%	0.08%
HUM	C	0.13%	0.12%	0.12%
IBM	C	0.73%	0.26%	0.26%
ICE	C	0.34%	0.52%	0.34%
ILMN	D	0.08%	0.08%	0.08%
INCY	C	0.04%	0.05%	0.04%
INTC	D	0.4%	0.15%	0.15%
IPG	D	0.04%	0.02%	0.02%
IQV	D	0.12%	0.12%	0.12%
JBL	B	0.05%	0.02%	0.02%
JKHY	D	0.05%	0.04%	0.04%
JNJ	D	1.45%	1.33%	1.33%
JPM	A	2.74%	1.89%	1.89%
K	A	0.08%	0.08%	0.08%
KDP	D	0.14%	0.11%	0.11%
KEYS	A	0.1%	0.04%	0.04%
KHC	F	0.11%	0.13%	0.11%
KKR	A	0.28%	0.59%	0.28%
KMB	D	0.1%	0.17%	0.1%
KO	D	0.4%	0.92%	0.4%
KR	B	0.15%	0.14%	0.14%
KVUE	A	0.18%	0.16%	0.16%
L	A	0.06%	0.04%	0.04%
LEN	D	0.01%	0.0%	0.0%
LEN	D	0.16%	0.08%	0.08%
LEN	D	0.01%	0.08%	0.01%
LEN	D	0.16%	0.0%	0.0%
LH	C	0.08%	0.07%	0.07%
LOW	D	0.6%	0.3%	0.3%
LW	C	0.03%	0.06%	0.03%
MAR	B	0.25%	0.13%	0.13%
MCD	D	0.77%	0.4%	0.4%
MCHP	D	0.13%	0.05%	0.05%
MCK	B	0.17%	0.32%	0.17%
MDLZ	F	0.34%	0.27%	0.27%
MDT	D	0.44%	0.4%	0.4%
MET	A	0.19%	0.14%	0.14%
MGM	D	0.03%	0.02%	0.02%
MKC	D	0.07%	0.06%	0.06%
MKL	A	0.07%	0.06%	0.06%
MMC	B	0.37%	0.31%	0.31%
MNST	C	0.03%	0.14%	0.03%
MO	A	0.37%	0.33%	0.33%
MOH	F	0.02%	0.06%	0.02%
MRNA	F	0.05%	0.05%	0.05%
MRVL	B	0.27%	0.11%	0.11%
MS	A	0.57%	0.94%	0.57%
MSCI	C	0.07%	0.26%	0.07%
MSI	B	0.16%	0.11%	0.11%
MSTR	C	0.19%	0.12%	0.12%
MTB	A	0.14%	0.1%	0.1%
MTD	D	0.1%	0.09%	0.09%
MU	D	0.41%	0.15%	0.15%
NDAQ	A	0.13%	0.15%	0.13%
NKE	D	0.14%	0.17%	0.14%
NTAP	C	0.05%	0.03%	0.03%
NTNX	A	0.05%	0.01%	0.01%
NTRS	A	0.08%	0.12%	0.08%
NVR	D	0.1%	0.05%	0.05%
OKTA	C	0.03%	0.02%	0.02%
OMC	C	0.07%	0.04%	0.04%
ON	D	0.11%	0.04%	0.04%
ORLY	B	0.02%	0.13%	0.02%
PEP	F	0.18%	0.76%	0.18%
PFE	D	0.55%	0.51%	0.51%
PFG	D	0.08%	0.06%	0.06%
PG	A	1.21%	1.54%	1.21%
PGR	A	0.09%	0.42%	0.09%
PHM	D	0.1%	0.05%	0.05%
PM	B	0.78%	0.66%	0.66%
PNC	B	0.32%	0.23%	0.23%
PRU	A	0.18%	0.13%	0.13%
PSTG	D	0.01%	0.02%	0.01%
PTC	A	0.03%	0.04%	0.03%
PYPL	B	0.34%	0.24%	0.24%
QCOM	F	0.04%	0.25%	0.04%
RCL	A	0.14%	0.1%	0.1%
REGN	F	0.28%	0.3%	0.28%
RF	A	0.09%	0.07%	0.07%
RJF	A	0.12%	0.17%	0.12%
RMD	C	0.1%	0.13%	0.1%
ROP	B	0.23%	0.11%	0.11%
ROST	C	0.14%	0.09%	0.09%
RPRX	D	0.04%	0.04%	0.04%
RVTY	F	0.05%	0.05%	0.05%
SBUX	A	0.1%	0.21%	0.1%
SCHW	B	0.42%	0.76%	0.42%
SPGI	C	0.61%	0.93%	0.61%
SQ	B	0.11%	0.14%	0.11%
STE	F	0.08%	0.07%	0.07%
STT	A	0.11%	0.16%	0.11%
STZ	D	0.15%	0.14%	0.14%
SWKS	F	0.05%	0.02%	0.02%
SYF	B	0.1%	0.07%	0.07%
SYK	C	0.39%	0.5%	0.39%
SYY	B	0.06%	0.13%	0.06%
T	A	0.63%	0.34%	0.34%
TDY	B	0.08%	0.03%	0.03%
TER	D	0.01%	0.02%	0.01%
TFC	A	0.24%	0.17%	0.17%
TGT	F	0.27%	0.27%	0.27%
TJX	A	0.22%	0.26%	0.22%
TMO	F	0.76%	0.69%	0.69%
TMUS	B	0.44%	0.24%	0.24%
TRMB	B	0.07%	0.02%	0.02%
TROW	B	0.1%	0.15%	0.1%
TRV	B	0.23%	0.17%	0.17%
TSN	B	0.07%	0.06%	0.06%
TTWO	A	0.12%	0.07%	0.07%
TXN	C	0.63%	0.26%	0.26%
TYL	B	0.01%	0.05%	0.01%
ULTA	F	0.01%	0.03%	0.01%
UNH	C	1.98%	1.99%	1.98%
USB	A	0.3%	0.22%	0.22%
VRSN	F	0.06%	0.02%	0.02%
VRTX	F	0.23%	0.44%	0.23%
VTRS	A	0.06%	0.06%	0.06%
VZ	C	0.68%	0.37%	0.37%
WAT	B	0.03%	0.08%	0.03%
WBA	F	0.02%	0.02%	0.02%
WBD	C	0.09%	0.05%	0.05%
WDC	D	0.08%	0.03%	0.03%
WFC	A	1.01%	0.69%	0.69%
WMT	A	1.42%	1.32%	1.32%
WRB	A	0.07%	0.05%	0.05%
WSM	B	0.03%	0.03%	0.03%
WST	C	0.04%	0.08%	0.04%
WTW	B	0.12%	0.09%	0.09%
YUM	B	0.09%	0.07%	0.07%
ZBH	C	0.09%	0.08%	0.08%
ZBRA	B	0.06%	0.03%	0.03%
ZM	B	0.08%	0.03%	0.03%
ZTS	D	0.05%	0.29%	0.05%

IWD Overweight 626 Positions Relative to MODL

Symbol	Grade	Weight
XOM	B	2.08%
CVX	A	1.08%
LIN	D	0.84%
CAT	B	0.63%
NEE	D	0.61%
RTX	C	0.61%
GE	D	0.59%
ETN	A	0.56%
COP	C	0.51%
HON	B	0.49%
PLD	D	0.41%
DE	A	0.39%
UPS	C	0.38%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
DUK	C	0.34%
WELL	A	0.32%
GD	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
EOG	A	0.3%
LMT	D	0.3%
UNP	C	0.29%
EMR	A	0.28%
NOC	D	0.27%
CSX	B	0.27%
WMB	A	0.27%
APD	A	0.27%
FDX	B	0.26%
CRH	A	0.26%
OKE	A	0.25%
TT	A	0.24%
FCX	D	0.24%
SLB	C	0.24%
CARR	D	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
NSC	B	0.23%
CEG	D	0.23%
MPC	D	0.22%
JCI	C	0.22%
PCAR	B	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
D	C	0.19%
O	D	0.19%
CMI	A	0.19%
PSA	D	0.18%
CCI	D	0.18%
LHX	C	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
BKR	B	0.17%
SPG	B	0.17%
PEG	A	0.17%
AME	A	0.17%
VLO	C	0.17%
PCG	A	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
IR	B	0.16%
DAL	C	0.16%
URI	B	0.16%
FERG	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
NUE	C	0.14%
AVB	B	0.13%
PWR	A	0.13%
VICI	C	0.13%
OXY	D	0.13%
FANG	D	0.13%
ED	D	0.13%
MLM	B	0.13%
WAB	B	0.13%
DD	D	0.13%
EXR	D	0.13%
ROK	B	0.12%
UAL	A	0.12%
WEC	A	0.12%
DOW	F	0.12%
ETR	B	0.12%
EIX	B	0.12%
VMC	B	0.11%
DOV	A	0.11%
EQR	B	0.11%
PPG	F	0.11%
CSGP	D	0.11%
XYL	D	0.11%
PAYX	C	0.11%
DTE	C	0.1%
PPL	B	0.1%
VTR	C	0.1%
HAL	C	0.1%
AWK	D	0.1%
FTV	C	0.1%
SW	A	0.1%
IFF	D	0.09%
WY	D	0.09%
HUBB	B	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
AEE	A	0.09%
EFX	F	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	B	0.08%
IP	B	0.08%
CMS	C	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
HOOD	B	0.08%
LYB	F	0.08%
EXE	B	0.08%
LDOS	C	0.08%
ES	D	0.08%
ATO	A	0.08%
OC	A	0.07%
CVNA	B	0.07%
MAS	D	0.07%
IEX	B	0.07%
PNR	A	0.07%
J	F	0.07%
TRU	D	0.07%
CSL	C	0.07%
RS	B	0.07%
KEY	B	0.07%
WSO	A	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
BLDR	D	0.07%
ESS	B	0.07%
EVRG	A	0.06%
EXPD	D	0.06%
EWBC	A	0.06%
HES	B	0.06%
IRM	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
UDR	B	0.06%
DOC	D	0.06%
THC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
GGG	B	0.06%
RGA	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%
KIM	A	0.06%
NI	A	0.06%
Z	A	0.05%
UHS	D	0.05%
SOFI	A	0.05%
EMN	D	0.05%
JNPR	F	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	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%
EPAM	C	0.05%
CPT	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
AMH	D	0.05%
CAG	D	0.05%
BG	F	0.05%
GLPI	C	0.05%
CHRW	C	0.05%
UNM	A	0.05%
ELS	C	0.05%
TPR	B	0.05%
AFRM	B	0.05%
SWK	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
RNR	C	0.05%
REG	B	0.05%
CW	B	0.05%
FFIV	B	0.05%
VLTO	D	0.05%
EME	C	0.05%
TW	A	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%
PNFP	B	0.04%
BRBR	A	0.04%
FRT	B	0.04%
CNH	C	0.04%
CRL	C	0.04%
MKTX	D	0.04%
CIEN	B	0.04%
DOX	D	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%
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%
WBS	A	0.04%
CACI	D	0.04%
PRI	A	0.04%
TECH	D	0.04%
PNW	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%
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%
STAG	F	0.03%
AZPN	A	0.03%
WEX	D	0.03%
HR	C	0.03%
DINO	D	0.03%
GWW	B	0.03%
AXS	A	0.03%
VMI	B	0.03%
MKSI	C	0.03%
FMC	D	0.03%
ALK	C	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%
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%
PB	A	0.03%
ROKU	D	0.03%
CHE	D	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%
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%
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%
AOS	F	0.03%
SNX	C	0.03%
HSIC	B	0.03%
KNX	B	0.03%
ADP	B	0.03%
AR	B	0.03%
HLI	B	0.03%
AXTA	A	0.03%
RBC	A	0.03%
WCC	B	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%
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%
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%
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%
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%
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%
CNXC	F	0.01%
VSTS	C	0.01%
CRI	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%
BR	A	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%
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 76 Positions Relative to MODL

Symbol	Grade	Weight
MSFT	F	-5.77%
AAPL	C	-4.85%
NVDA	C	-4.61%
AMZN	C	-3.64%
META	D	-2.64%
LLY	F	-2.3%
GOOGL	C	-2.21%
GOOG	C	-1.97%
TSLA	B	-1.86%
COST	B	-1.6%
V	A	-1.47%
MA	C	-1.21%
AVGO	D	-1.06%
MRK	F	-0.88%
NFLX	A	-0.77%
BX	A	-0.76%
ISRG	A	-0.69%
ORCL	B	-0.53%
MCO	B	-0.5%
ADBE	C	-0.42%
NOW	A	-0.37%
INTU	C	-0.35%
PANW	C	-0.22%
PLTR	B	-0.19%
ARES	A	-0.18%
CRWD	B	-0.16%
CDNS	B	-0.15%
COR	B	-0.15%
CMG	B	-0.15%
SNPS	B	-0.15%
IDXX	F	-0.13%
LRCX	F	-0.13%
ANET	C	-0.13%
LPLA	A	-0.13%
KLAC	D	-0.12%
VEEV	C	-0.12%
APP	B	-0.12%
DXCM	D	-0.11%
ABNB	C	-0.11%
ADSK	A	-0.11%
TTD	B	-0.11%
WDAY	B	-0.1%
CLX	B	-0.08%
HUBS	A	-0.07%
PODD	C	-0.07%
DDOG	A	-0.07%
CPAY	A	-0.07%
SNOW	C	-0.06%
TSCO	D	-0.06%
TEAM	A	-0.06%
LULU	C	-0.06%
DECK	A	-0.05%
IT	C	-0.05%
RBLX	C	-0.05%
GDDY	A	-0.04%
LVS	C	-0.04%
PINS	D	-0.04%
MPWR	F	-0.04%
DKNG	B	-0.04%
NET	B	-0.04%
LYV	A	-0.04%
EXPE	B	-0.04%
POOL	C	-0.03%
DT	C	-0.03%
STX	D	-0.03%
MDB	C	-0.03%
ZS	C	-0.03%
SMCI	F	-0.02%
CELH	F	-0.02%
CRBG	B	-0.02%
ENTG	D	-0.02%
SNAP	C	-0.02%
MANH	D	-0.01%
ENPH	F	-0.01%
BSY	D	-0.01%
IOT	A	-0.0%