IWD vs. OPTZ ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Optimize Strategy Index ETF (OPTZ)

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

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

Performance

Period	IWD	OPTZ
30 Days	3.53%	8.47%
60 Days	4.90%	9.68%
90 Days	6.95%	11.36%
12 Months	29.54%

171 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in OPTZ	Overlap
ACGL	D	0.14%	0.19%	0.14%
AES	F	0.04%	0.04%	0.04%
AGO	B	0.02%	0.23%	0.02%
AIZ	A	0.04%	0.23%	0.04%
ALGN	D	0.03%	0.13%	0.03%
ALL	A	0.17%	0.21%	0.17%
AMAT	F	0.04%	1.0%	0.04%
AMD	F	0.29%	1.03%	0.29%
AMP	A	0.02%	0.25%	0.02%
AOS	F	0.03%	0.12%	0.03%
APA	D	0.03%	0.05%	0.03%
APD	A	0.27%	0.18%	0.18%
APO	B	0.08%	0.31%	0.08%
APTV	D	0.06%	0.25%	0.06%
ASH	D	0.01%	0.13%	0.01%
ATO	A	0.08%	0.06%	0.06%
AXP	A	0.39%	0.24%	0.24%
BA	F	0.31%	0.11%	0.11%
BAX	D	0.06%	0.11%	0.06%
BG	F	0.05%	0.25%	0.05%
BHF	B	0.01%	0.24%	0.01%
BKR	B	0.17%	0.07%	0.07%
BLK	C	0.6%	0.24%	0.24%
BR	A	0.01%	0.22%	0.01%
BRO	B	0.06%	0.21%	0.06%
CAH	B	0.05%	0.14%	0.05%
CAT	B	0.63%	0.14%	0.14%
CB	C	0.45%	0.19%	0.19%
CBOE	B	0.08%	0.19%	0.08%
CBRE	B	0.16%	0.1%	0.1%
CE	F	0.02%	0.09%	0.02%
CEG	D	0.23%	0.07%	0.07%
CHD	B	0.1%	0.3%	0.1%
CINF	A	0.09%	0.23%	0.09%
CL	D	0.13%	0.25%	0.13%
CMCSA	B	0.64%	0.64%	0.64%
CME	A	0.32%	0.2%	0.2%
COIN	C	0.04%	0.42%	0.04%
CPT	B	0.05%	0.09%	0.05%
CRM	B	0.18%	1.37%	0.18%
CROX	D	0.02%	0.24%	0.02%
CRUS	D	0.02%	0.8%	0.02%
CVNA	B	0.07%	0.55%	0.07%
CVS	D	0.26%	0.26%	0.26%
DAL	C	0.16%	0.19%	0.16%
DELL	C	0.12%	1.29%	0.12%
DGX	A	0.07%	0.14%	0.07%
DIS	B	0.82%	0.77%	0.77%
DJT	C	0.0%	0.93%	0.0%
DKS	C	0.04%	0.29%	0.04%
DLR	B	0.23%	0.11%	0.11%
DPZ	C	0.04%	0.34%	0.04%
DTE	C	0.1%	0.05%	0.05%
DTM	B	0.04%	0.07%	0.04%
DUK	C	0.34%	0.05%	0.05%
EA	A	0.17%	0.66%	0.17%
ECL	D	0.03%	0.15%	0.03%
EFX	F	0.09%	0.11%	0.09%
EGP	F	0.03%	0.08%	0.03%
EIX	B	0.12%	0.05%	0.05%
ELS	C	0.05%	0.09%	0.05%
EME	C	0.05%	0.18%	0.05%
EMN	D	0.05%	0.16%	0.05%
EQIX	A	0.31%	0.1%	0.1%
ETN	A	0.56%	0.15%	0.15%
ETR	B	0.12%	0.06%	0.06%
ETSY	D	0.01%	0.3%	0.01%
EXP	A	0.01%	0.18%	0.01%
FDX	B	0.26%	0.13%	0.13%
FFIV	B	0.05%	1.25%	0.05%
FI	A	0.32%	0.25%	0.25%
FIVE	F	0.0%	0.34%	0.0%
FSLR	F	0.08%	0.96%	0.08%
FTI	A	0.05%	0.06%	0.05%
GL	B	0.04%	0.21%	0.04%
GNRC	B	0.02%	0.16%	0.02%
GPC	D	0.07%	0.29%	0.07%
GPN	B	0.12%	0.22%	0.12%
GRMN	B	0.13%	0.37%	0.13%
GS	A	0.53%	0.25%	0.25%
HIG	B	0.13%	0.2%	0.13%
HII	D	0.03%	0.09%	0.03%
HON	B	0.49%	0.15%	0.15%
HUBB	B	0.09%	0.15%	0.09%
IBM	C	0.73%	1.02%	0.73%
ICE	C	0.34%	0.2%	0.2%
INCY	C	0.04%	0.16%	0.04%
INTC	D	0.4%	1.31%	0.4%
IQV	D	0.12%	0.11%	0.11%
JAZZ	B	0.03%	0.15%	0.03%
KKR	A	0.28%	0.25%	0.25%
LAMR	D	0.03%	0.09%	0.03%
LEA	D	0.02%	0.28%	0.02%
LECO	B	0.03%	0.14%	0.03%
LIN	D	0.84%	0.14%	0.14%
LOW	D	0.6%	0.35%	0.35%
LPX	B	0.01%	0.18%	0.01%
MAR	B	0.25%	0.39%	0.25%
MCD	D	0.77%	0.32%	0.32%
MKTX	D	0.04%	0.2%	0.04%
MLM	B	0.13%	0.17%	0.13%
MOH	F	0.02%	0.12%	0.02%
MSCI	C	0.07%	0.21%	0.07%
MSI	B	0.16%	1.18%	0.16%
NFE	D	0.0%	0.04%	0.0%
NRG	B	0.04%	0.06%	0.04%
OGN	D	0.02%	0.09%	0.02%
ORLY	B	0.02%	0.34%	0.02%
OSK	B	0.03%	0.13%	0.03%
PAYC	B	0.02%	0.18%	0.02%
PCAR	B	0.22%	0.15%	0.15%
PEP	F	0.18%	0.26%	0.18%
PGR	A	0.09%	0.21%	0.09%
PH	A	0.35%	0.15%	0.15%
PK	B	0.01%	0.09%	0.01%
PNR	A	0.07%	0.15%	0.07%
PRU	A	0.18%	0.23%	0.18%
PVH	C	0.02%	0.34%	0.02%
PWR	A	0.13%	0.16%	0.13%
RCL	A	0.14%	0.47%	0.14%
REXR	F	0.04%	0.08%	0.04%
RL	B	0.03%	0.39%	0.03%
RNR	C	0.05%	0.2%	0.05%
ROP	B	0.23%	1.0%	0.23%
ROST	C	0.14%	0.29%	0.14%
RPRX	D	0.04%	0.12%	0.04%
RSG	A	0.17%	0.12%	0.12%
SAIA	B	0.02%	0.15%	0.02%
SBAC	D	0.09%	0.08%	0.08%
SHC	F	0.01%	0.12%	0.01%
SHW	A	0.03%	0.16%	0.03%
SLB	C	0.24%	0.06%	0.06%
SO	D	0.37%	0.05%	0.05%
SPG	B	0.17%	0.1%	0.1%
SPGI	C	0.61%	0.2%	0.2%
SQ	B	0.11%	0.27%	0.11%
STE	F	0.08%	0.12%	0.08%
STZ	D	0.15%	0.27%	0.15%
SYK	C	0.39%	0.14%	0.14%
T	A	0.63%	0.64%	0.63%
TAP	C	0.04%	0.32%	0.04%
TGT	F	0.27%	0.28%	0.27%
THC	D	0.06%	0.14%	0.06%
TMO	F	0.76%	0.11%	0.11%
TMUS	B	0.44%	0.72%	0.44%
TROW	B	0.1%	0.24%	0.1%
TRV	B	0.23%	0.22%	0.22%
TT	A	0.24%	0.15%	0.15%
UHS	D	0.05%	0.11%	0.05%
ULTA	F	0.01%	0.3%	0.01%
UNH	C	1.98%	0.13%	0.13%
URI	B	0.16%	0.15%	0.15%
UTHR	C	0.06%	0.14%	0.06%
VMC	B	0.11%	0.18%	0.11%
VNO	B	0.03%	0.11%	0.03%
VRSN	F	0.06%	1.03%	0.06%
VRTX	F	0.23%	0.13%	0.13%
WAB	B	0.13%	0.15%	0.13%
WBA	F	0.02%	0.27%	0.02%
WELL	A	0.32%	0.1%	0.1%
WHR	B	0.02%	0.37%	0.02%
WMB	A	0.27%	0.07%	0.07%
WST	C	0.04%	0.14%	0.04%
WTW	B	0.12%	0.22%	0.12%
WWD	B	0.04%	0.13%	0.04%
WY	D	0.09%	0.09%	0.09%
WYNN	D	0.03%	0.36%	0.03%
XYL	D	0.11%	0.12%	0.11%
YETI	C	0.01%	0.31%	0.01%
ZBH	C	0.09%	0.14%	0.09%
ZM	B	0.08%	0.71%	0.08%

IWD Overweight 694 Positions Relative to OPTZ

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
XOM	B	2.08%
JNJ	D	1.45%
WMT	A	1.42%
BAC	A	1.23%
PG	A	1.21%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	C	0.86%
PM	B	0.78%
ABT	B	0.78%
VZ	C	0.68%
ABBV	D	0.65%
TXN	C	0.63%
NEE	D	0.61%
RTX	C	0.61%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
PFE	D	0.55%
COP	C	0.51%
C	A	0.51%
BSX	B	0.5%
MDT	D	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
DE	A	0.39%
UPS	C	0.38%
MMC	B	0.37%
MO	A	0.37%
GEV	B	0.35%
MDLZ	F	0.34%
PYPL	B	0.34%
CI	F	0.32%
HD	A	0.32%
PNC	B	0.32%
GD	F	0.31%
EOG	A	0.3%
LMT	D	0.3%
USB	A	0.3%
ELV	F	0.3%
AON	A	0.29%
UNP	C	0.29%
REGN	F	0.28%
EMR	A	0.28%
NOC	D	0.27%
CSX	B	0.27%
MRVL	B	0.27%
COF	B	0.27%
CRH	A	0.26%
GM	B	0.25%
OKE	A	0.25%
BDX	F	0.25%
FCX	D	0.24%
TFC	A	0.24%
AFL	B	0.24%
CARR	D	0.24%
MMM	D	0.23%
SRE	A	0.23%
NSC	B	0.23%
AJG	B	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	C	0.22%
BK	A	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
DHI	D	0.19%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	0.19%
O	D	0.19%
FIS	C	0.19%
CMI	A	0.19%
MSTR	C	0.19%
PSA	D	0.18%
CCI	D	0.18%
KVUE	A	0.18%
LHX	C	0.18%
NEM	D	0.18%
HWM	A	0.17%
F	C	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
PCG	A	0.17%
OTIS	C	0.16%
LEN	D	0.16%
IR	B	0.16%
A	D	0.15%
FERG	B	0.15%
CTSH	B	0.15%
KR	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
APH	A	0.14%
NKE	D	0.14%
NUE	C	0.14%
GIS	D	0.14%
KDP	D	0.14%
MTB	A	0.14%
GLW	B	0.14%
CHTR	C	0.14%
NDAQ	A	0.13%
AVB	B	0.13%
EW	C	0.13%
VICI	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
MCHP	D	0.13%
FANG	D	0.13%
ED	D	0.13%
AMGN	D	0.13%
GEHC	F	0.13%
DD	D	0.13%
EXR	D	0.13%
HLT	A	0.12%
ROK	B	0.12%
UAL	A	0.12%
CNC	D	0.12%
RJF	A	0.12%
TTWO	A	0.12%
WEC	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
FITB	A	0.12%
HPQ	B	0.11%
HPE	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
EQR	B	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
PAYX	C	0.11%
RMD	C	0.1%
PPL	B	0.1%
MTD	D	0.1%
SBUX	A	0.1%
ADM	D	0.1%
HBAN	A	0.1%
SYF	B	0.1%
VTR	C	0.1%
NVR	D	0.1%
KEYS	A	0.1%
HAL	C	0.1%
AWK	D	0.1%
FTV	C	0.1%
FCNCA	A	0.1%
KMB	D	0.1%
PHM	D	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
YUM	B	0.09%
BIIB	F	0.09%
EQT	B	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
RF	A	0.09%
AEE	A	0.09%
CCL	B	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	B	0.08%
LH	C	0.08%
PFG	D	0.08%
BBY	D	0.08%
IP	B	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
HSY	F	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
LYB	F	0.08%
EXE	B	0.08%
LDOS	C	0.08%
ES	D	0.08%
TDY	B	0.08%
MKL	A	0.07%
OC	A	0.07%
TRMB	B	0.07%
MAS	D	0.07%
IEX	B	0.07%
J	F	0.07%
TRU	D	0.07%
CSL	C	0.07%
RS	B	0.07%
KEY	B	0.07%
WRB	A	0.07%
HOLX	D	0.07%
WSO	A	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
BLDR	D	0.07%
ESS	B	0.07%
SYY	B	0.06%
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%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
L	A	0.06%
GGG	B	0.06%
RGA	A	0.06%
VTRS	A	0.06%
SUI	D	0.06%
ZBRA	B	0.06%
TOL	B	0.06%
LNT	A	0.06%
SSNC	B	0.06%
FNF	B	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
GEN	B	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
SOFI	A	0.05%
CDW	F	0.05%
FDS	B	0.05%
MRNA	F	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	0.05%
NTNX	A	0.05%
WPC	D	0.05%
ALLE	D	0.05%
ALB	C	0.05%
CASY	A	0.05%
BXP	D	0.05%
EPAM	C	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
JKHY	D	0.05%
AMH	D	0.05%
CAG	D	0.05%
GLPI	C	0.05%
CHRW	C	0.05%
UNM	A	0.05%
DLTR	F	0.05%
JBL	B	0.05%
TPR	B	0.05%
AFRM	B	0.05%
SWK	D	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
NTAP	C	0.05%
EG	C	0.05%
SWKS	F	0.05%
RVTY	F	0.05%
REG	B	0.05%
CW	B	0.05%
VLTO	D	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TW	A	0.04%
GMED	A	0.04%
TFX	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%
DRI	B	0.04%
PNFP	B	0.04%
EL	F	0.04%
BRBR	A	0.04%
FRT	B	0.04%
CNH	C	0.04%
CRL	C	0.04%
CIEN	B	0.04%
DOX	D	0.04%
WAL	B	0.04%
WTRG	B	0.04%
ARMK	B	0.04%
EHC	B	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%
DAY	B	0.04%
LKQ	D	0.04%
ALSN	B	0.04%
AYI	B	0.04%
BLD	D	0.04%
IPG	D	0.04%
WBS	A	0.04%
CACI	D	0.04%
PRI	A	0.04%
BKNG	A	0.04%
TECH	D	0.04%
PNW	B	0.04%
FOXA	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%
FTNT	C	0.04%
PFGC	B	0.04%
SJM	D	0.04%
ATR	B	0.04%
QCOM	F	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
KMX	B	0.04%
SF	B	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%
OKTA	C	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%
WSM	B	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%
BBWI	D	0.03%
AGNC	D	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%
LW	C	0.03%
PB	A	0.03%
ROKU	D	0.03%
CHE	D	0.03%
DASH	A	0.03%
MNST	C	0.03%
RHI	B	0.03%
ADC	B	0.03%
KEX	C	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%
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%
TKO	B	0.03%
SEIC	B	0.03%
APG	B	0.03%
CFR	B	0.03%
WAT	B	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
CPB	D	0.03%
FICO	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%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	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%
MGM	D	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%
PTC	A	0.03%
LINE	F	0.02%
SITE	D	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	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%
AZO	C	0.02%
ST	F	0.02%
FRPT	B	0.02%
AVT	C	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%
LITE	B	0.02%
EXAS	D	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%
FOX	A	0.02%
H	B	0.02%
WMS	D	0.02%
JHG	A	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%
RGEN	D	0.02%
S	B	0.02%
STWD	C	0.02%
ARW	D	0.02%
BEN	C	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%
TER	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%
LEN	D	0.01%
CNXC	F	0.01%
VSTS	C	0.01%
CRI	D	0.01%
PSTG	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%
UAA	C	0.01%
LBTYA	B	0.01%
LYFT	C	0.01%
BRKR	D	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
ADT	C	0.01%
RCM	F	0.01%
AAP	C	0.01%
CWEN	C	0.01%
WU	D	0.01%
AZTA	D	0.01%
JWN	C	0.01%
HAYW	B	0.01%
SAM	C	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%
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%
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%
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%
ALNY	D	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%
TYL	B	0.01%
MSM	C	0.01%
LOAR	A	0.0%
UWMC	D	0.0%
SEG	B	0.0%
PARAA	B	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%
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%
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 150 Positions Relative to OPTZ

Symbol	Grade	Weight
APP	B	-2.03%
NVDA	C	-1.44%
CRWD	B	-1.37%
TTMI	B	-1.36%
GDDY	A	-1.27%
NOW	A	-1.27%
ANET	C	-1.24%
QLYS	C	-1.22%
CDNS	B	-1.21%
BHE	B	-1.2%
ITRI	B	-1.19%
SNPS	B	-1.16%
WIX	B	-1.15%
INFN	C	-1.11%
AAPL	C	-1.06%
VZIO	A	-1.04%
BAH	F	-1.02%
LUMN	C	-0.83%
IDCC	A	-0.78%
ACLS	F	-0.78%
NFLX	A	-0.73%
RNG	B	-0.72%
META	D	-0.65%
EAT	A	-0.55%
AMC	C	-0.54%
NPAB	B	-0.52%
TSLA	B	-0.49%
WWW	B	-0.48%
NCLH	B	-0.48%
HBI	B	-0.42%
WOOF	D	-0.42%
UNFI	A	-0.41%
LULU	C	-0.39%
SIG	B	-0.39%
DECK	A	-0.39%
AMZN	C	-0.38%
LVS	C	-0.38%
ANF	C	-0.36%
SBH	C	-0.36%
BZH	B	-0.35%
PCT	C	-0.34%
ALV	C	-0.33%
BURL	A	-0.33%
CHDN	B	-0.32%
ENR	B	-0.31%
COST	B	-0.29%
LC	A	-0.28%
LNW	D	-0.28%
DOLE	D	-0.27%
MELI	D	-0.27%
ODP	F	-0.27%
AX	A	-0.26%
DAN	D	-0.26%
CAL	D	-0.25%
ARES	A	-0.24%
EWTX	C	-0.23%
CPAY	A	-0.23%
PRG	C	-0.22%
SIGI	C	-0.22%
COOP	B	-0.22%
LBPH	A	-0.22%
V	A	-0.22%
NATL	B	-0.21%
AXON	A	-0.21%
VRT	B	-0.21%
AER	B	-0.21%
BFH	B	-0.21%
LDI	C	-0.2%
STRL	B	-0.2%
CRS	A	-0.2%
MCO	B	-0.2%
GATO	D	-0.2%
ZIM	C	-0.2%
NAVI	C	-0.19%
PMT	D	-0.19%
FIX	A	-0.18%
GTLS	B	-0.18%
XPO	B	-0.18%
SKYW	B	-0.18%
HQY	B	-0.17%
JBLU	F	-0.17%
AVNT	B	-0.17%
HASI	D	-0.17%
PEN	B	-0.16%
DOCU	A	-0.16%
PCTY	B	-0.16%
AIT	A	-0.16%
ACHR	B	-0.16%
VERA	B	-0.16%
ESTC	C	-0.15%
GFF	A	-0.15%
ISRG	A	-0.15%
PEGA	A	-0.15%
TPC	C	-0.15%
PODD	C	-0.15%
CLOV	D	-0.15%
PHIN	A	-0.14%
STGW	B	-0.14%
COR	B	-0.14%
MRC	B	-0.14%
LIVN	F	-0.14%
AKRO	B	-0.14%
REVG	B	-0.14%
DVA	B	-0.14%
WDAY	B	-0.13%
BV	B	-0.13%
VRSK	A	-0.13%
NBIX	C	-0.13%
SAVA	D	-0.13%
PBI	B	-0.13%
MANH	D	-0.13%
AHCO	F	-0.12%
KRYS	B	-0.12%
ETNB	C	-0.12%
DAWN	F	-0.12%
COGT	D	-0.11%
SRPT	D	-0.11%
SNDX	F	-0.11%
KURA	F	-0.11%
ADBE	C	-0.11%
IDXX	F	-0.11%
DYN	F	-0.11%
UNIT	B	-0.1%
RHP	B	-0.1%
CGEM	F	-0.1%
LNTH	D	-0.1%
EXPI	C	-0.1%
OMI	F	-0.1%
PEB	D	-0.09%
NEXT	B	-0.09%
SBRA	C	-0.09%
NMRK	B	-0.09%
NVRI	F	-0.08%
RDFN	D	-0.08%
TDW	F	-0.08%
ICLR	D	-0.08%
PRIM	A	-0.08%
KNTK	B	-0.07%
BKD	D	-0.07%
AMT	D	-0.07%
TRGP	B	-0.07%
WKC	D	-0.06%
OII	B	-0.06%
WHD	B	-0.06%
SANA	F	-0.06%
VAL	D	-0.05%
WFRD	D	-0.05%
DK	C	-0.05%
SWX	B	-0.05%
HE	C	-0.04%