IWD vs. PBP ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to PowerShares S&P 500 BuyWrite Portfolio (PBP)

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

$189.04

Average Daily Volume

1,553,744

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$22.80

Average Daily Volume

13,115

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	IWD	PBP
30 Days	0.93%	1.44%
60 Days	6.56%	6.66%
90 Days	9.20%	4.61%
12 Months	29.82%	19.34%

433 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in PBP	Overlap
	A	B	0.17%	0.09%	0.09%
	ABBV	A	0.79%	0.71%	0.71%
	ABT	B	0.78%	0.41%	0.41%
	ACGL	A	0.16%	0.09%	0.09%
	ACN	B	0.88%	0.46%	0.46%
	ADI	C	0.44%	0.24%	0.24%
	ADM	D	0.11%	0.06%	0.06%
	ADP	A	0.03%	0.23%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	C	0.21%	0.11%	0.11%
	AES	B	0.06%	0.03%	0.03%
	AFL	A	0.25%	0.12%	0.12%
	AIG	F	0.19%	0.1%	0.1%
	AIZ	A	0.04%	0.02%	0.02%
	AJG	D	0.23%	0.13%	0.13%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	D	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	B	0.17%	0.1%	0.1%
	ALLE	A	0.05%	0.03%	0.03%
	AMAT	B	0.05%	0.36%	0.05%
	AMCR	B	0.07%	0.03%	0.03%
	AMD	D	0.35%	0.56%	0.35%
	AME	D	0.15%	0.08%	0.08%
	AMGN	D	0.15%	0.36%	0.15%
	AMP	A	0.02%	0.1%	0.02%
	ANSS	D	0.11%	0.06%	0.06%
	AON	A	0.27%	0.16%	0.16%
	AOS	B	0.04%	0.02%	0.02%
	APA	F	0.04%	0.02%	0.02%
	APD	C	0.26%	0.14%	0.14%
	APH	D	0.12%	0.16%	0.12%
	APTV	D	0.08%	0.04%	0.04%
	ARE	D	0.08%	0.04%	0.04%
	ATO	A	0.08%	0.04%	0.04%
	AVB	C	0.13%	0.07%	0.07%
	AVY	C	0.04%	0.04%	0.04%
	AWK	B	0.11%	0.06%	0.06%
	AXP	A	0.37%	0.31%	0.31%
	AZO	D	0.02%	0.11%	0.02%
	BA	F	0.3%	0.19%	0.19%
	BAC	D	1.06%	0.56%	0.56%
	BALL	C	0.08%	0.04%	0.04%
	BAX	D	0.07%	0.04%	0.04%
	BBWI	F	0.03%	0.01%	0.01%
	BBY	B	0.09%	0.04%	0.04%
	BDX	B	0.28%	0.14%	0.14%
	BEN	F	0.02%	0.01%	0.01%
	BG	F	0.05%	0.03%	0.03%
	BIIB	F	0.11%	0.06%	0.06%
	BK	C	0.21%	0.11%	0.11%
	BKNG	C	0.03%	0.3%	0.03%
	BKR	B	0.15%	0.07%	0.07%
	BLDR	B	0.08%	0.05%	0.05%
	BLK	A	0.55%	0.27%	0.27%
	BMY	B	0.43%	0.21%	0.21%
	BR	B	0.01%	0.05%	0.01%
	BRK.A	C	3.32%	1.73%	1.73%
	BRO	A	0.06%	0.05%	0.05%
	BSX	A	0.49%	0.25%	0.25%
	BWA	B	0.03%	0.02%	0.02%
	BXP	C	0.05%	0.02%	0.02%
	C	B	0.47%	0.24%	0.24%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.04%	0.06%	0.04%
	CARR	A	0.26%	0.14%	0.14%
	CAT	A	0.65%	0.39%	0.39%
	CB	A	0.47%	0.23%	0.23%
	CBOE	A	0.09%	0.04%	0.04%
	CBRE	A	0.15%	0.08%	0.08%
	CCI	C	0.21%	0.1%	0.1%
	CCL	C	0.07%	0.04%	0.04%
	CDW	D	0.06%	0.06%	0.06%
	CE	D	0.04%	0.03%	0.03%
	CEG	B	0.28%	0.17%	0.17%
	CF	A	0.06%	0.03%	0.03%
	CFG	D	0.07%	0.04%	0.04%
	CHD	C	0.1%	0.05%	0.05%
	CHRW	A	0.05%	0.03%	0.03%
	CHTR	D	0.12%	0.06%	0.06%
	CI	D	0.35%	0.2%	0.2%
	CINF	A	0.08%	0.04%	0.04%
	CL	D	0.15%	0.18%	0.15%
	CMCSA	B	0.64%	0.33%	0.33%
	CME	A	0.32%	0.16%	0.16%
	CMI	B	0.18%	0.09%	0.09%
	CMS	A	0.08%	0.04%	0.04%
	CNC	F	0.15%	0.08%	0.08%
	CNP	B	0.08%	0.04%	0.04%
	COF	C	0.22%	0.12%	0.12%
	COP	D	0.51%	0.25%	0.25%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	B	0.01%	0.09%	0.01%
	CPT	C	0.05%	0.03%	0.03%
	CRL	F	0.04%	0.02%	0.02%
	CRM	B	0.15%	0.56%	0.15%
	CSCO	A	0.85%	0.44%	0.44%
	CSGP	F	0.12%	0.06%	0.06%
	CSX	D	0.27%	0.14%	0.14%
	CTAS	B	0.01%	0.15%	0.01%
	CTLT	A	0.04%	0.02%	0.02%
	CTRA	D	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.08%	0.08%
	CTVA	A	0.16%	0.08%	0.08%
	CVS	D	0.31%	0.15%	0.15%
	CVX	B	1.02%	0.5%	0.5%
	CZR	B	0.03%	0.02%	0.02%
	D	A	0.19%	0.1%	0.1%
	DAL	C	0.13%	0.07%	0.07%
	DAY	B	0.03%	0.02%	0.02%
	DD	B	0.15%	0.08%	0.08%
	DE	A	0.42%	0.22%	0.22%
	DELL	C	0.1%	0.08%	0.08%
	DFS	C	0.14%	0.07%	0.07%
	DG	F	0.07%	0.04%	0.04%
	DGX	B	0.07%	0.04%	0.04%
	DHI	C	0.23%	0.11%	0.11%
	DHR	C	0.7%	0.37%	0.37%
	DIS	D	0.69%	0.36%	0.36%
	DLR	C	0.21%	0.1%	0.1%
	DLTR	F	0.06%	0.03%	0.03%
	DOC	C	0.06%	0.03%	0.03%
	DOV	C	0.1%	0.06%	0.06%
	DOW	B	0.15%	0.08%	0.08%
	DPZ	D	0.04%	0.03%	0.03%
	DRI	C	0.04%	0.04%	0.04%
	DTE	A	0.11%	0.05%	0.05%
	DUK	A	0.36%	0.19%	0.19%
	DVN	F	0.1%	0.05%	0.05%
	EA	D	0.15%	0.07%	0.07%
	EBAY	A	0.13%	0.07%	0.07%
	ECL	B	0.03%	0.13%	0.03%
	ED	A	0.14%	0.07%	0.07%
	EFX	C	0.11%	0.07%	0.07%
	EG	B	0.06%	0.03%	0.03%
	EIX	A	0.13%	0.07%	0.07%
	EL	D	0.06%	0.05%	0.05%
	ELV	F	0.4%	0.25%	0.25%
	EMN	C	0.05%	0.03%	0.03%
	EMR	B	0.25%	0.13%	0.13%
	EOG	B	0.29%	0.14%	0.14%
	EPAM	F	0.04%	0.02%	0.02%
	EQIX	B	0.31%	0.17%	0.17%
	EQR	C	0.11%	0.05%	0.05%
	EQT	B	0.08%	0.04%	0.04%
	ES	C	0.09%	0.05%	0.05%
	ESS	C	0.07%	0.04%	0.04%
	ETN	C	0.52%	0.28%	0.28%
	ETR	A	0.11%	0.06%	0.06%
	EVRG	C	0.05%	0.03%	0.03%
	EW	F	0.12%	0.08%	0.08%
	EXC	A	0.16%	0.08%	0.08%
	EXPD	C	0.06%	0.04%	0.04%
	EXR	C	0.15%	0.08%	0.08%
	F	D	0.17%	0.09%	0.09%
	FANG	D	0.13%	0.06%	0.06%
	FAST	B	0.03%	0.09%	0.03%
	FCX	B	0.29%	0.16%	0.16%
	FDS	C	0.04%	0.04%	0.04%
	FDX	D	0.24%	0.12%	0.12%
	FE	B	0.1%	0.05%	0.05%
	FFIV	B	0.05%	0.03%	0.03%
	FI	A	0.28%	0.21%	0.21%
	FICO	A	0.03%	0.1%	0.03%
	FIS	C	0.19%	0.09%	0.09%
	FITB	C	0.11%	0.06%	0.06%
	FMC	B	0.03%	0.02%	0.02%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	FRT	D	0.04%	0.02%	0.02%
	FSLR	C	0.1%	0.06%	0.06%
	FTNT	A	0.04%	0.1%	0.04%
	FTV	B	0.11%	0.06%	0.06%
	GD	A	0.33%	0.16%	0.16%
	GE	C	0.63%	0.42%	0.42%
	GEHC	C	0.15%	0.08%	0.08%
	GEV	B	0.28%	0.14%	0.14%
	GILD	A	0.42%	0.22%	0.22%
	GIS	C	0.17%	0.09%	0.09%
	GL	C	0.04%	0.02%	0.02%
	GLW	B	0.14%	0.07%	0.07%
	GM	D	0.2%	0.11%	0.11%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.08%	0.04%	0.04%
	GPN	F	0.1%	0.05%	0.05%
	GRMN	D	0.11%	0.06%	0.06%
	GS	C	0.45%	0.33%	0.33%
	GWW	A	0.02%	0.1%	0.02%
	HAL	F	0.1%	0.05%	0.05%
	HAS	A	0.01%	0.02%	0.01%
	HBAN	D	0.08%	0.04%	0.04%
	HCA	B	0.23%	0.16%	0.16%
	HD	A	0.33%	0.82%	0.33%
	HES	D	0.05%	0.08%	0.05%
	HIG	A	0.14%	0.07%	0.07%
	HII	F	0.04%	0.02%	0.02%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.04%	0.04%
	HON	C	0.45%	0.28%	0.28%
	HPE	B	0.1%	0.06%	0.06%
	HPQ	C	0.1%	0.08%	0.08%
	HRL	F	0.04%	0.02%	0.02%
	HSIC	D	0.04%	0.02%	0.02%
	HST	D	0.05%	0.03%	0.03%
	HSY	D	0.1%	0.06%	0.06%
	HUBB	A	0.09%	0.05%	0.05%
	HUM	F	0.13%	0.08%	0.08%
	HWM	A	0.15%	0.08%	0.08%
	IBM	B	0.8%	0.43%	0.43%
	ICE	A	0.36%	0.19%	0.19%
	IEX	D	0.06%	0.03%	0.03%
	IFF	C	0.1%	0.06%	0.06%
	INCY	B	0.04%	0.02%	0.02%
	INTC	D	0.38%	0.21%	0.21%
	INVH	D	0.08%	0.04%	0.04%
	IP	C	0.07%	0.04%	0.04%
	IPG	C	0.05%	0.02%	0.02%
	IQV	F	0.15%	0.09%	0.09%
	IR	A	0.16%	0.08%	0.08%
	IRM	A	0.06%	0.07%	0.06%
	ITW	A	0.19%	0.15%	0.15%
	IVZ	A	0.03%	0.02%	0.02%
	J	D	0.07%	0.04%	0.04%
	JBHT	D	0.06%	0.03%	0.03%
	JBL	D	0.05%	0.03%	0.03%
	JCI	B	0.2%	0.11%	0.11%
	JKHY	A	0.05%	0.03%	0.03%
	JNJ	D	1.55%	0.81%	0.81%
	JNPR	B	0.05%	0.03%	0.03%
	JPM	D	2.35%	1.24%	1.24%
	K	B	0.08%	0.05%	0.05%
	KDP	C	0.16%	0.08%	0.08%
	KEY	C	0.06%	0.03%	0.03%
	KEYS	B	0.11%	0.06%	0.06%
	KHC	D	0.12%	0.06%	0.06%
	KIM	C	0.06%	0.03%	0.03%
	KKR	A	0.25%	0.18%	0.18%
	KMB	B	0.11%	0.1%	0.1%
	KMI	A	0.17%	0.09%	0.09%
	KMX	F	0.05%	0.03%	0.03%
	KO	C	0.47%	0.58%	0.47%
	KR	C	0.15%	0.08%	0.08%
	KVUE	C	0.17%	0.09%	0.09%
	L	D	0.06%	0.03%	0.03%
	LDOS	A	0.09%	0.04%	0.04%
	LEN	B	0.18%	0.09%	0.09%
	LEN	B	0.01%	0.09%	0.01%
	LHX	A	0.18%	0.09%	0.09%
	LIN	B	0.91%	0.48%	0.48%
	LKQ	F	0.04%	0.02%	0.02%
	LMT	A	0.35%	0.25%	0.25%
	LNT	A	0.06%	0.03%	0.03%
	LOW	A	0.62%	0.32%	0.32%
	LUV	B	0.07%	0.04%	0.04%
	LW	D	0.03%	0.02%	0.02%
	LYB	D	0.1%	0.05%	0.05%
	MAA	C	0.07%	0.04%	0.04%
	MAR	B	0.22%	0.12%	0.12%
	MAS	A	0.07%	0.04%	0.04%
	MCD	A	0.81%	0.45%	0.45%
	MCHP	F	0.16%	0.09%	0.09%
	MCK	F	0.15%	0.13%	0.13%
	MDLZ	C	0.39%	0.21%	0.21%
	MDT	B	0.46%	0.24%	0.24%
	MET	A	0.19%	0.1%	0.1%
	MGM	D	0.04%	0.02%	0.02%
	MHK	B	0.03%	0.02%	0.02%
	MKC	C	0.08%	0.04%	0.04%
	MKTX	C	0.04%	0.02%	0.02%
	MLM	D	0.12%	0.07%	0.07%
	MMC	D	0.38%	0.23%	0.23%
	MMM	C	0.24%	0.16%	0.16%
	MNST	D	0.03%	0.08%	0.03%
	MO	D	0.35%	0.18%	0.18%
	MOH	D	0.03%	0.04%	0.03%
	MOS	D	0.03%	0.02%	0.02%
	MPC	F	0.23%	0.11%	0.11%
	MRNA	F	0.08%	0.05%	0.05%
	MRO	D	0.06%	0.03%	0.03%
	MS	B	0.45%	0.27%	0.27%
	MSCI	B	0.07%	0.09%	0.07%
	MSI	A	0.15%	0.16%	0.15%
	MTB	C	0.11%	0.06%	0.06%
	MTCH	B	0.04%	0.02%	0.02%
	MTD	B	0.12%	0.07%	0.07%
	MU	D	0.44%	0.25%	0.25%
	NDAQ	C	0.12%	0.06%	0.06%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	A	0.7%	0.36%	0.36%
	NEM	C	0.25%	0.13%	0.13%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.16%	0.22%	0.16%
	NOC	B	0.3%	0.15%	0.15%
	NRG	A	0.05%	0.04%	0.04%
	NSC	C	0.22%	0.12%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	C	0.07%	0.04%	0.04%
	NUE	D	0.15%	0.07%	0.07%
	NVR	A	0.11%	0.06%	0.06%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.02%	0.02%
	O	A	0.22%	0.11%	0.11%
	OKE	B	0.21%	0.11%	0.11%
	OMC	C	0.08%	0.04%	0.04%
	ON	F	0.12%	0.07%	0.07%
	ORLY	A	0.02%	0.14%	0.02%
	OTIS	A	0.17%	0.09%	0.09%
	OXY	F	0.14%	0.07%	0.07%
	PARA	F	0.02%	0.01%	0.01%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	A	0.12%	0.09%	0.09%
	PCAR	D	0.2%	0.11%	0.11%
	PCG	B	0.17%	0.09%	0.09%
	PEG	A	0.18%	0.09%	0.09%
	PEP	D	0.2%	0.48%	0.2%
	PFE	D	0.65%	0.34%	0.34%
	PFG	C	0.08%	0.04%	0.04%
	PG	C	1.26%	0.85%	0.85%
	PGR	C	0.09%	0.31%	0.09%
	PH	A	0.32%	0.17%	0.17%
	PHM	A	0.12%	0.06%	0.06%
	PKG	C	0.08%	0.04%	0.04%
	PLD	D	0.46%	0.24%	0.24%
	PM	C	0.74%	0.39%	0.39%
	PNC	C	0.28%	0.15%	0.15%
	PNR	C	0.06%	0.03%	0.03%
	PNW	A	0.04%	0.02%	0.02%
	PPG	D	0.12%	0.07%	0.07%
	PPL	A	0.1%	0.05%	0.05%
	PRU	C	0.17%	0.09%	0.09%
	PSA	C	0.19%	0.12%	0.12%
	PSX	D	0.22%	0.11%	0.11%
	PTC	D	0.03%	0.05%	0.03%
	PWR	B	0.12%	0.09%	0.09%
	PYPL	C	0.31%	0.17%	0.17%
	QCOM	D	0.05%	0.4%	0.05%
	QRVO	F	0.04%	0.02%	0.02%
	RCL	C	0.11%	0.09%	0.09%
	REG	C	0.05%	0.02%	0.02%
	REGN	D	0.4%	0.23%	0.23%
	RF	C	0.08%	0.04%	0.04%
	RJF	B	0.09%	0.05%	0.05%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.07%	0.07%
	ROK	D	0.11%	0.06%	0.06%
	ROP	C	0.23%	0.12%	0.12%
	ROST	C	0.15%	0.11%	0.11%
	RSG	D	0.16%	0.09%	0.09%
	RTX	A	0.66%	0.33%	0.33%
	SBAC	B	0.1%	0.05%	0.05%
	SBUX	B	0.1%	0.23%	0.1%
	SCHW	D	0.34%	0.2%	0.2%
	SHW	B	0.03%	0.19%	0.03%
	SJM	C	0.05%	0.03%	0.03%
	SLB	D	0.24%	0.12%	0.12%
	SNA	A	0.06%	0.03%	0.03%
	SO	A	0.39%	0.2%	0.2%
	SOLV	C	0.04%	0.02%	0.02%
	SPG	A	0.16%	0.11%	0.11%
	SPGI	C	0.64%	0.34%	0.34%
	SRE	A	0.21%	0.11%	0.11%
	STE	D	0.09%	0.05%	0.05%
	STLD	B	0.08%	0.04%	0.04%
	STT	C	0.1%	0.05%	0.05%
	STZ	B	0.16%	0.08%	0.08%
	SW	C	0.1%	0.05%	0.05%
	SWK	A	0.07%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.08%	0.04%	0.04%
	SYK	C	0.36%	0.26%	0.26%
	SYY	B	0.06%	0.08%	0.06%
	T	A	0.63%	0.32%	0.32%
	TAP	D	0.04%	0.02%	0.02%
	TDG	A	0.25%	0.16%	0.16%
	TDY	A	0.08%	0.04%	0.04%
	TECH	C	0.05%	0.03%	0.03%
	TER	C	0.01%	0.05%	0.01%
	TFC	D	0.22%	0.12%	0.12%
	TFX	C	0.05%	0.02%	0.02%
	TGT	C	0.28%	0.15%	0.15%
	TJX	C	0.21%	0.28%	0.21%
	TMO	C	0.93%	0.49%	0.49%
	TMUS	A	0.4%	0.21%	0.21%
	TPR	B	0.04%	0.02%	0.02%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	D	0.09%	0.05%	0.05%
	TRV	C	0.21%	0.11%	0.11%
	TSN	D	0.07%	0.04%	0.04%
	TT	A	0.23%	0.18%	0.18%
	TTWO	F	0.1%	0.05%	0.05%
	TXN	C	0.64%	0.4%	0.4%
	TXT	F	0.06%	0.03%	0.03%
	TYL	B	0.01%	0.05%	0.01%
	UAL	B	0.07%	0.04%	0.04%
	UDR	C	0.06%	0.03%	0.03%
	UHS	D	0.05%	0.03%	0.03%
	ULTA	D	0.01%	0.04%	0.01%
	UNH	B	1.98%	1.1%	1.1%
	UNP	D	0.31%	0.31%	0.31%
	UPS	D	0.39%	0.2%	0.2%
	URI	C	0.16%	0.11%	0.11%
	USB	C	0.28%	0.15%	0.15%
	VICI	C	0.14%	0.07%	0.07%
	VLO	F	0.17%	0.09%	0.09%
	VLTO	A	0.06%	0.06%	0.06%
	VMC	D	0.1%	0.07%	0.07%
	VRSN	B	0.06%	0.03%	0.03%
	VRTX	D	0.24%	0.25%	0.24%
	VTR	C	0.1%	0.05%	0.05%
	VTRS	D	0.05%	0.03%	0.03%
	VZ	A	0.76%	0.39%	0.39%
	WAB	A	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.02%	0.01%	0.01%
	WBD	D	0.08%	0.04%	0.04%
	WDC	C	0.09%	0.05%	0.05%
	WEC	A	0.12%	0.06%	0.06%
	WELL	C	0.31%	0.15%	0.15%
	WFC	D	0.77%	0.4%	0.4%
	WMB	A	0.22%	0.11%	0.11%
	WMT	A	1.4%	0.72%	0.72%
	WRB	B	0.07%	0.04%	0.04%
	WST	D	0.03%	0.05%	0.03%
	WTW	B	0.12%	0.06%	0.06%
	WY	B	0.1%	0.05%	0.05%
	WYNN	B	0.04%	0.02%	0.02%
	XEL	A	0.14%	0.07%	0.07%
	XOM	A	2.14%	1.04%	1.04%
	XYL	C	0.13%	0.07%	0.07%
	YUM	A	0.1%	0.08%	0.08%
	ZBH	F	0.09%	0.05%	0.05%
	ZBRA	A	0.06%	0.04%	0.04%
	ZTS	C	0.06%	0.18%	0.06%

IWD Overweight 431 Positions Relative to PBP

	Symbol	Grade	Weight
	CRH	C	0.25%
	MRVL	C	0.22%
	FERG	F	0.15%
	FCNCA	D	0.09%
	MSTR	B	0.09%
	TRU	A	0.08%
	LNG	A	0.08%
	ILMN	B	0.08%
	COO	C	0.08%
	SQ	D	0.08%
	SUI	D	0.07%
	RS	D	0.07%
	WSO	C	0.07%
	AVTR	D	0.07%
	APO	A	0.07%
	CSL	A	0.07%
	ZM	C	0.07%
	LH	D	0.07%
	CHK	D	0.07%
	ACM	C	0.06%
	RNR	A	0.06%
	USFD	C	0.06%
	RGA	C	0.06%
	GGG	B	0.06%
	IBKR	A	0.06%
	GEN	B	0.06%
	HOOD	C	0.06%
	OC	C	0.06%
	RVTY	B	0.06%
	MKL	C	0.06%
	THC	C	0.06%
	UTHR	C	0.06%
	TOL	A	0.06%
	SSNC	C	0.06%
	FNF	A	0.06%
	NVT	D	0.05%
	CASY	D	0.05%
	COHR	B	0.05%
	RPM	A	0.05%
	FTI	B	0.05%
	CUBE	C	0.05%
	BLD	C	0.05%
	EME	C	0.05%
	ITT	B	0.05%
	CLH	C	0.05%
	CVNA	A	0.05%
	CW	A	0.05%
	AMH	D	0.05%
	ELS	D	0.05%
	BMRN	F	0.05%
	WPC	C	0.05%
	GLPI	A	0.05%
	CIEN	A	0.04%
	NYT	A	0.04%
	SNX	C	0.04%
	GPK	C	0.04%
	DCI	B	0.04%
	NNN	A	0.04%
	INGR	A	0.04%
	EGP	D	0.04%
	AFRM	C	0.04%
	WAL	C	0.04%
	EVR	C	0.04%
	TTC	D	0.04%
	AYI	A	0.04%
	SF	A	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	CG	C	0.04%
	EHC	B	0.04%
	CNH	B	0.04%
	WTRG	D	0.04%
	AFG	C	0.04%
	NTNX	C	0.04%
	NLY	C	0.04%
	AA	B	0.04%
	TTEK	B	0.04%
	ARMK	A	0.04%
	FWONK	D	0.04%
	OHI	C	0.04%
	DOX	B	0.04%
	WWD	B	0.04%
	Z	C	0.04%
	PFGC	A	0.04%
	UNM	A	0.04%
	DKS	D	0.04%
	OVV	F	0.04%
	REXR	D	0.04%
	ATR	A	0.04%
	FBIN	C	0.04%
	RRX	C	0.04%
	EWBC	D	0.04%
	RPRX	B	0.04%
	BJ	D	0.04%
	CACI	A	0.04%
	SCI	C	0.04%
	CCK	C	0.04%
	AZPN	C	0.03%
	CFR	D	0.03%
	MSA	F	0.03%
	LFUS	C	0.03%
	NOV	F	0.03%
	CRUS	D	0.03%
	OSK	F	0.03%
	OKTA	F	0.03%
	CGNX	F	0.03%
	BIO	B	0.03%
	FAF	B	0.03%
	MAT	D	0.03%
	MTG	B	0.03%
	LBRDK	B	0.03%
	ZION	D	0.03%
	SOFI	C	0.03%
	LSTR	D	0.03%
	AAL	D	0.03%
	MKSI	F	0.03%
	JAZZ	F	0.03%
	BFAM	C	0.03%
	WTFC	D	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%
	VNO	A	0.03%
	CROX	C	0.03%
	G	A	0.03%
	RGEN	F	0.03%
	CART	C	0.03%
	VFC	B	0.03%
	DINO	F	0.03%
	ARW	C	0.03%
	STAG	D	0.03%
	SEIC	B	0.03%
	PNFP	D	0.03%
	PR	F	0.03%
	HRB	C	0.03%
	SAIC	A	0.03%
	KEX	C	0.03%
	ELAN	D	0.03%
	WCC	C	0.03%
	FR	C	0.03%
	RRC	D	0.03%
	SSD	B	0.03%
	MIDD	D	0.03%
	ONTO	B	0.03%
	APG	F	0.03%
	ADC	B	0.03%
	EXAS	C	0.03%
	LECO	D	0.03%
	HLI	C	0.03%
	CR	B	0.03%
	AGNC	C	0.03%
	MTZ	B	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%
	WSM	B	0.03%
	AXTA	C	0.03%
	X	F	0.03%
	GMED	D	0.03%
	CHE	C	0.03%
	COKE	B	0.03%
	COLD	D	0.03%
	ROKU	C	0.03%
	BRBR	C	0.03%
	VOYA	A	0.03%
	SKX	B	0.03%
	FCN	C	0.03%
	GWRE	A	0.03%
	KBR	C	0.03%
	FND	C	0.03%
	BWXT	A	0.03%
	CHRD	F	0.03%
	ATI	B	0.03%
	OGE	A	0.03%
	FHN	D	0.03%
	ALLY	F	0.03%
	GME	F	0.03%
	AR	B	0.03%
	TKO	A	0.03%
	KNX	D	0.03%
	BRX	C	0.03%
	ALSN	A	0.03%
	LAMR	C	0.03%
	RBC	C	0.03%
	RIVN	F	0.03%
	LAD	C	0.03%
	JLL	B	0.03%
	FYBR	C	0.03%
	TWLO	B	0.03%
	TW	A	0.03%
	ORI	B	0.03%
	IAC	C	0.02%
	AWI	A	0.02%
	GFS	F	0.02%
	MSM	D	0.02%
	ALNY	C	0.02%
	HUN	B	0.02%
	BILL	D	0.02%
	RH	C	0.02%
	UHAL	A	0.02%
	CLF	D	0.02%
	AGO	B	0.02%
	LITE	A	0.02%
	DBX	B	0.02%
	SITE	D	0.02%
	M	F	0.02%
	GAP	F	0.02%
	PII	D	0.02%
	FLO	D	0.02%
	ASH	F	0.02%
	FRPT	C	0.02%
	SLGN	C	0.02%
	EEFT	F	0.02%
	BYD	C	0.02%
	OZK	F	0.02%
	DLB	D	0.02%
	CUZ	C	0.02%
	KRC	C	0.02%
	WTM	D	0.02%
	AN	C	0.02%
	HOG	D	0.02%
	AL	D	0.02%
	OLED	C	0.02%
	RYN	C	0.02%
	LINE	F	0.02%
	SAIA	D	0.02%
	CPRI	B	0.02%
	SLM	C	0.02%
	PSN	A	0.02%
	AVT	C	0.02%
	FNB	D	0.02%
	OGN	F	0.02%
	WSC	D	0.02%
	ROIV	D	0.02%
	JHG	C	0.02%
	DOCS	A	0.02%
	CCCS	D	0.02%
	WLK	C	0.02%
	W	D	0.02%
	HXL	F	0.02%
	KD	F	0.02%
	LNC	D	0.02%
	UGI	C	0.02%
	OMF	F	0.02%
	VNT	F	0.02%
	COIN	F	0.02%
	IDA	C	0.02%
	ST	F	0.02%
	COLB	C	0.02%
	XRAY	D	0.02%
	S	C	0.02%
	THG	C	0.02%
	PVH	F	0.02%
	TKR	D	0.02%
	SON	D	0.02%
	WH	C	0.02%
	MTDR	F	0.02%
	NFG	A	0.02%
	MDU	C	0.02%
	AMG	B	0.02%
	SIRI	C	0.02%
	OLN	D	0.02%
	H	C	0.02%
	RITM	D	0.02%
	THO	B	0.02%
	SRCL	B	0.02%
	BC	D	0.02%
	WHR	B	0.02%
	ALK	B	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	B	0.02%
	POST	C	0.02%
	DAR	F	0.02%
	OLLI	C	0.02%
	ESAB	C	0.02%
	GXO	D	0.02%
	MTSI	B	0.02%
	ESI	B	0.02%
	SNV	D	0.02%
	LEA	F	0.02%
	AGCO	D	0.02%
	AXS	A	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%
	SNDR	C	0.01%
	CERT	F	0.01%
	LYFT	D	0.01%
	TRIP	F	0.01%
	INFA	D	0.01%
	WEN	D	0.01%
	FTRE	F	0.01%
	UA	B	0.01%
	REYN	D	0.01%
	GO	F	0.01%
	PPC	B	0.01%
	UAA	B	0.01%
	LEG	D	0.01%
	BIRK	F	0.01%
	PSTG	F	0.01%
	VSTS	D	0.01%
	QS	F	0.01%
	AZEK	C	0.01%
	PINC	F	0.01%
	IPGP	D	0.01%
	ADT	D	0.01%
	GLOB	B	0.01%
	SAM	D	0.01%
	LPX	A	0.01%
	ETSY	F	0.01%
	BROS	F	0.01%
	JWN	D	0.01%
	HAYW	B	0.01%
	RCM	B	0.01%
	AAP	F	0.01%
	ENOV	F	0.01%
	KSS	D	0.01%
	MP	B	0.01%
	BOKF	D	0.01%
	EXP	C	0.01%
	CRI	D	0.01%
	QDEL	D	0.01%
	LLYVK	A	0.01%
	HHH	C	0.01%
	YETI	B	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	F	0.01%
	MASI	B	0.01%
	RKT	C	0.01%
	PENN	D	0.01%
	COLM	B	0.01%
	LOPE	D	0.01%
	SEE	C	0.01%
	FHB	D	0.01%
	LCID	D	0.01%
	CNM	F	0.01%
	PK	D	0.01%
	ZG	C	0.01%
	PAG	D	0.01%
	AMED	D	0.01%
	NXST	D	0.01%
	ZI	F	0.01%
	TNL	B	0.01%
	NWL	D	0.01%
	AM	A	0.01%
	AMTM	D	0.01%
	PLNT	B	0.01%
	NSA	C	0.01%
	AMKR	F	0.01%
	NVST	D	0.01%
	SPR	D	0.01%
	VNOM	B	0.01%
	IRDM	B	0.01%
	MPW	C	0.01%
	PRGO	F	0.01%
	MAN	D	0.01%
	HIW	C	0.01%
	LBTYK	A	0.01%
	COTY	F	0.01%
	LBTYA	A	0.01%
	DNB	D	0.01%
	GTES	C	0.01%
	U	D	0.01%
	MSGS	A	0.01%
	EPR	C	0.01%
	DXC	D	0.01%
	KMPR	D	0.01%
	SMG	A	0.01%
	TPG	B	0.01%
	NEU	F	0.01%
	CIVI	F	0.01%
	SEG	D	0.0%
	LOAR	C	0.0%
	PARAA	D	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	UHAL	A	0.0%
	LAZ	C	0.0%
	DJT	F	0.0%
	GRAL	F	0.0%
	IONS	F	0.0%
	UI	A	0.0%
	PLTK	C	0.0%
	CHH	B	0.0%
	CACC	F	0.0%
	TFSL	F	0.0%
	TXG	F	0.0%
	PATH	D	0.0%
	SEB	D	0.0%
	CAR	D	0.0%
	PYCR	D	0.0%
	LLYVA	A	0.0%
	LSCC	D	0.0%
	AS	B	0.0%
	NCNO	F	0.0%
	FIVE	D	0.0%
	HCP	B	0.0%
	FWONA	C	0.0%
	MTN	D	0.0%
	DV	F	0.0%
	ALAB	D	0.0%
	CWEN	C	0.0%
	CNA	D	0.0%
	LBRDA	B	0.0%
	WOLF	F	0.0%
	DDS	D	0.0%
	EXEL	B	0.0%

IWD Underweight 65 Positions Relative to PBP

	Symbol	Grade	Weight
	AAPL	C	-7.2%
	MSFT	D	-6.67%
	NVDA	C	-6.35%
	AMZN	C	-3.72%
	META	A	-2.58%
	GOOGL	B	-1.98%
	AVGO	C	-1.72%
	GOOG	B	-1.64%
	LLY	D	-1.49%
	TSLA	C	-1.47%
	V	C	-0.94%
	MA	A	-0.84%
	COST	C	-0.83%
	NFLX	A	-0.64%
	MRK	F	-0.6%
	ORCL	B	-0.56%
	ADBE	F	-0.48%
	NOW	C	-0.38%
	INTU	F	-0.37%
	ISRG	A	-0.36%
	UBER	C	-0.34%
	AMT	C	-0.23%
	KLAC	B	-0.23%
	PANW	D	-0.23%
	BX	C	-0.23%
	LRCX	D	-0.23%
	ANET	A	-0.21%
	CMG	C	-0.17%
	PLTR	A	-0.16%
	WM	B	-0.16%
	CDNS	D	-0.16%
	SNPS	F	-0.16%
	MCO	D	-0.15%
	CRWD	D	-0.14%
	NXPI	F	-0.13%
	ABNB	D	-0.12%
	ADSK	B	-0.12%
	MPWR	B	-0.1%
	IDXX	D	-0.09%
	TEL	D	-0.09%
	ODFL	D	-0.08%
	VRSK	D	-0.08%
	VST	A	-0.08%
	IT	C	-0.08%
	TRGP	B	-0.07%
	DXCM	F	-0.06%
	AXON	A	-0.06%
	TSCO	A	-0.06%
	LULU	D	-0.06%
	GDDY	D	-0.05%
	STX	B	-0.05%
	DECK	B	-0.05%
	LYV	A	-0.04%
	LVS	B	-0.04%
	EXPE	B	-0.04%
	CLX	B	-0.04%
	SMCI	F	-0.04%
	CPAY	A	-0.04%
	ERIE	A	-0.03%
	ROL	B	-0.03%
	POOL	B	-0.03%
	ENPH	D	-0.03%
	PODD	C	-0.03%
	DVA	C	-0.02%
	NCLH	C	-0.02%

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

PBP: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Business Services Semiconductors Asset Management Diagnostics & Research Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Aerospace Chemical Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank