IWD vs. SPDG ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.60

Average Daily Volume

1,534

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	IWD	SPDG
30 Days	3.53%	1.42%
60 Days	4.90%	2.99%
90 Days	6.95%	5.95%
12 Months	29.54%	30.67%

206 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in SPDG	Overlap
ABBV	D	0.65%	1.27%	0.65%
ABT	B	0.78%	0.83%	0.78%
ACN	C	0.86%	2.57%	0.86%
ADC	B	0.03%	0.09%	0.03%
ADI	D	0.4%	1.25%	0.4%
ADP	B	0.03%	0.5%	0.03%
AEP	D	0.2%	0.27%	0.2%
ALLE	D	0.05%	0.05%	0.05%
ALLY	C	0.03%	0.11%	0.03%
AMCR	D	0.06%	0.13%	0.06%
AMGN	D	0.13%	0.64%	0.13%
AOS	F	0.03%	0.04%	0.03%
APD	A	0.27%	0.59%	0.27%
ASH	D	0.01%	0.03%	0.01%
AVT	C	0.02%	0.06%	0.02%
AVY	D	0.04%	0.15%	0.04%
BAX	D	0.06%	0.07%	0.06%
BBY	D	0.08%	0.19%	0.08%
BDX	F	0.25%	0.27%	0.25%
BEN	C	0.02%	0.07%	0.02%
BK	A	0.22%	0.58%	0.22%
BMY	B	0.44%	0.47%	0.44%
BR	A	0.01%	0.11%	0.01%
BXP	D	0.05%	0.12%	0.05%
C	A	0.51%	1.39%	0.51%
CAG	D	0.05%	0.07%	0.05%
CAH	B	0.05%	0.12%	0.05%
CAT	B	0.63%	0.81%	0.63%
CC	C	0.01%	0.03%	0.01%
CCI	D	0.18%	0.54%	0.18%
CE	F	0.02%	0.07%	0.02%
CF	B	0.06%	0.14%	0.06%
CFG	B	0.08%	0.22%	0.08%
CFR	B	0.03%	0.08%	0.03%
CHRW	C	0.05%	0.06%	0.05%
CI	F	0.32%	0.41%	0.32%
CINF	A	0.09%	0.25%	0.09%
CMA	A	0.04%	0.09%	0.04%
CMI	A	0.19%	0.21%	0.19%
COLB	A	0.03%	0.06%	0.03%
CPB	D	0.03%	0.04%	0.03%
CSCO	B	0.91%	2.63%	0.91%
CUBE	D	0.04%	0.13%	0.04%
CVS	D	0.26%	0.33%	0.26%
CVX	A	1.08%	0.94%	0.94%
DCI	B	0.04%	0.04%	0.04%
DE	A	0.39%	0.45%	0.39%
DGX	A	0.07%	0.07%	0.07%
DKS	C	0.04%	0.12%	0.04%
DLB	B	0.02%	0.05%	0.02%
DOV	A	0.11%	0.12%	0.11%
DTM	B	0.04%	0.03%	0.03%
DUK	C	0.34%	0.43%	0.34%
EIX	B	0.12%	0.17%	0.12%
EMN	D	0.05%	0.11%	0.05%
EMR	A	0.28%	0.32%	0.28%
EQR	B	0.11%	0.28%	0.11%
ES	D	0.08%	0.11%	0.08%
ETN	A	0.56%	0.59%	0.56%
ETR	B	0.12%	0.15%	0.12%
EVRG	A	0.06%	0.07%	0.06%
EXC	C	0.15%	0.2%	0.15%
FAF	A	0.03%	0.07%	0.03%
FAST	B	0.03%	0.19%	0.03%
FDX	B	0.26%	0.29%	0.26%
FE	C	0.09%	0.11%	0.09%
FHB	A	0.01%	0.04%	0.01%
FHN	A	0.04%	0.11%	0.04%
FITB	A	0.12%	0.33%	0.12%
FLO	D	0.02%	0.02%	0.02%
FLS	B	0.03%	0.03%	0.03%
FMC	D	0.03%	0.06%	0.03%
FNB	A	0.02%	0.06%	0.02%
FNF	B	0.06%	0.17%	0.06%
FRT	B	0.04%	0.09%	0.04%
GD	F	0.31%	0.32%	0.31%
GILD	C	0.43%	0.43%	0.43%
GIS	D	0.14%	0.19%	0.14%
GLW	B	0.14%	0.41%	0.14%
GPC	D	0.07%	0.22%	0.07%
GPK	C	0.03%	0.07%	0.03%
GRMN	B	0.13%	0.35%	0.13%
GS	A	0.53%	1.87%	0.53%
HAS	D	0.0%	0.09%	0.0%
HBAN	A	0.1%	0.26%	0.1%
HD	A	0.32%	4.14%	0.32%
HII	D	0.03%	0.04%	0.03%
HIW	D	0.01%	0.03%	0.01%
HON	B	0.49%	0.64%	0.49%
HPE	B	0.11%	0.35%	0.11%
HPQ	B	0.11%	0.43%	0.11%
HRB	D	0.03%	0.09%	0.03%
HRL	D	0.03%	0.04%	0.03%
HUBB	B	0.09%	0.1%	0.09%
IBM	C	0.73%	2.33%	0.73%
INGR	B	0.04%	0.04%	0.04%
IPG	D	0.04%	0.43%	0.04%
ITW	B	0.2%	0.33%	0.2%
JEF	A	0.04%	0.12%	0.04%
JHG	A	0.02%	0.06%	0.02%
JNJ	D	1.45%	1.53%	1.45%
JNPR	F	0.05%	0.14%	0.05%
K	A	0.08%	0.11%	0.08%
KEY	B	0.07%	0.19%	0.07%
KMB	D	0.1%	0.24%	0.1%
KMI	A	0.21%	0.17%	0.17%
KO	D	0.4%	1.26%	0.4%
KRC	C	0.02%	0.04%	0.02%
KVUE	A	0.18%	0.23%	0.18%
LDOS	C	0.08%	0.09%	0.08%
LECO	B	0.03%	0.05%	0.03%
LHX	C	0.18%	0.19%	0.18%
LMT	D	0.3%	0.51%	0.3%
LNC	B	0.02%	0.06%	0.02%
LOW	D	0.6%	1.56%	0.6%
LYB	F	0.08%	0.2%	0.08%
MAA	B	0.07%	0.21%	0.07%
MAN	D	0.01%	0.01%	0.01%
MAS	D	0.07%	0.07%	0.07%
MCD	D	0.77%	2.13%	0.77%
MCHP	D	0.13%	0.44%	0.13%
MDT	D	0.44%	0.46%	0.44%
MET	A	0.19%	0.51%	0.19%
MO	A	0.37%	0.48%	0.37%
MS	A	0.57%	1.55%	0.57%
MSM	C	0.01%	0.02%	0.01%
MTB	A	0.14%	0.35%	0.14%
NEU	C	0.01%	0.03%	0.01%
NFG	A	0.02%	0.03%	0.02%
NNN	D	0.03%	0.09%	0.03%
NOC	D	0.27%	0.29%	0.27%
NSA	D	0.01%	0.04%	0.01%
NSC	B	0.23%	0.25%	0.23%
NTAP	C	0.05%	0.3%	0.05%
NTRS	A	0.08%	0.21%	0.08%
NVT	B	0.05%	0.05%	0.05%
NXST	C	0.01%	0.19%	0.01%
O	D	0.19%	0.55%	0.19%
OC	A	0.07%	0.07%	0.07%
OGE	B	0.03%	0.04%	0.03%
OGN	D	0.02%	0.02%	0.02%
OHI	C	0.04%	0.11%	0.04%
OKE	A	0.25%	0.22%	0.22%
ORI	A	0.04%	0.1%	0.04%
OSK	B	0.03%	0.03%	0.03%
OZK	B	0.02%	0.05%	0.02%
PAYX	C	0.11%	0.18%	0.11%
PB	A	0.03%	0.08%	0.03%
PEP	F	0.18%	1.06%	0.18%
PFE	D	0.55%	0.59%	0.55%
PFG	D	0.08%	0.19%	0.08%
PH	A	0.35%	0.39%	0.35%
PII	D	0.01%	0.04%	0.01%
PKG	A	0.08%	0.17%	0.08%
PM	B	0.78%	0.92%	0.78%
PNC	B	0.32%	0.86%	0.32%
PNW	B	0.04%	0.05%	0.04%
PPG	F	0.11%	0.26%	0.11%
PRGO	B	0.01%	0.01%	0.01%
PRU	A	0.18%	0.47%	0.18%
PSX	C	0.21%	0.2%	0.2%
QCOM	F	0.04%	2.22%	0.04%
R	B	0.03%	0.03%	0.03%
RF	A	0.09%	0.25%	0.09%
RHI	B	0.03%	0.03%	0.03%
ROK	B	0.12%	0.14%	0.12%
RPM	A	0.05%	0.14%	0.05%
RSG	A	0.17%	0.18%	0.17%
SBUX	A	0.1%	1.15%	0.1%
SEE	C	0.01%	0.04%	0.01%
SJM	D	0.04%	0.06%	0.04%
SLGN	A	0.02%	0.04%	0.02%
SMG	D	0.01%	0.03%	0.01%
SNA	A	0.07%	0.07%	0.07%
SNV	B	0.03%	0.08%	0.03%
SO	D	0.37%	0.47%	0.37%
SON	D	0.02%	0.04%	0.02%
STT	A	0.11%	0.3%	0.11%
STWD	C	0.02%	0.07%	0.02%
SWK	D	0.05%	0.06%	0.05%
SWKS	F	0.05%	0.17%	0.05%
SYY	B	0.06%	0.19%	0.06%
TFC	A	0.24%	0.66%	0.24%
TGT	F	0.27%	0.37%	0.27%
TKR	D	0.02%	0.02%	0.02%
TROW	B	0.1%	0.27%	0.1%
TSN	B	0.07%	0.09%	0.07%
TTC	D	0.03%	0.04%	0.03%
TXN	C	0.63%	2.27%	0.63%
UDR	B	0.06%	0.15%	0.06%
UGI	A	0.02%	0.03%	0.02%
UNH	C	1.98%	2.35%	1.98%
UNM	A	0.05%	0.12%	0.05%
UNP	C	0.29%	0.66%	0.29%
UPS	C	0.38%	0.42%	0.38%
USB	A	0.3%	0.79%	0.3%
VLO	C	0.17%	0.17%	0.17%
VZ	C	0.68%	7.54%	0.68%
WBS	A	0.04%	0.1%	0.04%
WEC	A	0.12%	0.15%	0.12%
WHR	B	0.02%	0.07%	0.02%
WSO	A	0.07%	0.09%	0.07%
WU	D	0.01%	0.04%	0.01%
XOM	B	2.08%	1.84%	1.84%
XRAY	F	0.01%	0.02%	0.01%
ZION	B	0.03%	0.08%	0.03%

IWD Overweight 659 Positions Relative to SPDG

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
WMT	A	1.42%
BAC	A	1.23%
PG	A	1.21%
WFC	A	1.01%
LIN	D	0.84%
DIS	B	0.82%
TMO	F	0.76%
CMCSA	B	0.64%
T	A	0.63%
NEE	D	0.61%
SPGI	C	0.61%
RTX	C	0.61%
BLK	C	0.6%
GE	D	0.59%
DHR	F	0.58%
COP	C	0.51%
BSX	B	0.5%
CB	C	0.45%
TMUS	B	0.44%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
INTC	D	0.4%
SYK	C	0.39%
AXP	A	0.39%
MMC	B	0.37%
GEV	B	0.35%
MDLZ	F	0.34%
PYPL	B	0.34%
ICE	C	0.34%
CME	A	0.32%
WELL	A	0.32%
FI	A	0.32%
EQIX	A	0.31%
BA	F	0.31%
EOG	A	0.3%
ELV	F	0.3%
AMD	F	0.29%
AON	A	0.29%
KKR	A	0.28%
REGN	F	0.28%
CSX	B	0.27%
WMB	A	0.27%
MRVL	B	0.27%
COF	B	0.27%
CRH	A	0.26%
GM	B	0.25%
MAR	B	0.25%
TT	A	0.24%
FCX	D	0.24%
SLB	C	0.24%
AFL	B	0.24%
CARR	D	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
ROP	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
TRV	B	0.23%
VRTX	F	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	C	0.22%
PCAR	B	0.22%
TDG	D	0.21%
DHI	D	0.19%
D	C	0.19%
HCA	F	0.19%
AIG	B	0.19%
FIS	C	0.19%
MSTR	C	0.19%
PSA	D	0.18%
CRM	B	0.18%
NEM	D	0.18%
HWM	A	0.17%
BKR	B	0.17%
EA	A	0.17%
F	C	0.17%
SPG	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	A	0.17%
MCK	B	0.17%
PCG	A	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
LEN	D	0.16%
IR	B	0.16%
DAL	C	0.16%
URI	B	0.16%
MSI	B	0.16%
A	D	0.15%
FERG	B	0.15%
STZ	D	0.15%
CTSH	B	0.15%
KR	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
APH	A	0.14%
NKE	D	0.14%
NUE	C	0.14%
KDP	D	0.14%
ROST	C	0.14%
RCL	A	0.14%
CHTR	C	0.14%
ACGL	D	0.14%
NDAQ	A	0.13%
AVB	B	0.13%
PWR	A	0.13%
EW	C	0.13%
VICI	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
FANG	D	0.13%
ED	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
WAB	B	0.13%
CL	D	0.13%
DD	D	0.13%
EXR	D	0.13%
HIG	B	0.13%
GPN	B	0.12%
HLT	A	0.12%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
RJF	A	0.12%
TTWO	A	0.12%
IQV	D	0.12%
DOW	F	0.12%
EBAY	D	0.12%
WTW	B	0.12%
SQ	B	0.11%
VMC	B	0.11%
KHC	F	0.11%
ON	D	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
XYL	D	0.11%
RMD	C	0.1%
DTE	C	0.1%
PPL	B	0.1%
MTD	D	0.1%
ADM	D	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%
PHM	D	0.1%
CHD	B	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
WY	D	0.09%
ZBH	C	0.09%
YUM	B	0.09%
BIIB	F	0.09%
PGR	A	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
DVN	F	0.09%
AEE	A	0.09%
CCL	B	0.09%
EFX	F	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	B	0.08%
LH	C	0.08%
IP	B	0.08%
FSLR	F	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
CBOE	B	0.08%
ZM	B	0.08%
HSY	F	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
EXE	B	0.08%
APO	B	0.08%
STE	F	0.08%
TDY	B	0.08%
ATO	A	0.08%
MKL	A	0.07%
CVNA	B	0.07%
TRMB	B	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%
WRB	A	0.07%
HOLX	D	0.07%
ARE	D	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
BLDR	D	0.07%
ESS	B	0.07%
EXPD	D	0.06%
EWBC	A	0.06%
VRSN	F	0.06%
HES	B	0.06%
APTV	D	0.06%
IRM	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
DOC	D	0.06%
BRO	B	0.06%
THC	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%
UTHR	C	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%
UHS	D	0.05%
SOFI	A	0.05%
CDW	F	0.05%
FDS	B	0.05%
MRNA	F	0.05%
BMRN	D	0.05%
SCI	B	0.05%
HST	C	0.05%
NTNX	A	0.05%
WPC	D	0.05%
FTI	A	0.05%
ALB	C	0.05%
CASY	A	0.05%
EPAM	C	0.05%
CPT	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
JKHY	D	0.05%
AMH	D	0.05%
BG	F	0.05%
GLPI	C	0.05%
DLTR	F	0.05%
JBL	B	0.05%
ELS	C	0.05%
TPR	B	0.05%
AFRM	B	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
RNR	C	0.05%
EG	C	0.05%
RVTY	F	0.05%
REG	B	0.05%
CW	B	0.05%
FFIV	B	0.05%
VLTO	D	0.05%
EME	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TW	A	0.04%
WST	C	0.04%
GMED	A	0.04%
TFX	F	0.04%
REXR	F	0.04%
BWXT	B	0.04%
FBIN	D	0.04%
RGLD	C	0.04%
SOLV	C	0.04%
DRI	B	0.04%
PNFP	B	0.04%
EL	F	0.04%
BRBR	A	0.04%
CNH	C	0.04%
CRL	C	0.04%
COIN	C	0.04%
MKTX	D	0.04%
CIEN	B	0.04%
DOX	D	0.04%
DPZ	C	0.04%
GL	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%
AFG	A	0.04%
GME	C	0.04%
LAD	A	0.04%
RPRX	D	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%
CACI	D	0.04%
PRI	A	0.04%
BKNG	A	0.04%
TECH	D	0.04%
FOXA	B	0.04%
CCK	C	0.04%
EVR	B	0.04%
CTLT	B	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
FTNT	C	0.04%
PFGC	B	0.04%
TAP	C	0.04%
ATR	B	0.04%
CG	A	0.04%
AA	B	0.04%
RRX	B	0.04%
NRG	B	0.04%
AMAT	F	0.04%
INCY	C	0.04%
KMX	B	0.04%
SF	B	0.04%
AIZ	A	0.04%
BJ	A	0.04%
OVV	B	0.04%
MTG	C	0.03%
CGNX	C	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%
ALK	C	0.03%
WSM	B	0.03%
WH	B	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%
ALGN	D	0.03%
GNTX	C	0.03%
ELAN	D	0.03%
ESAB	B	0.03%
VFC	C	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%
LBRDK	C	0.03%
LW	C	0.03%
ROKU	D	0.03%
CHE	D	0.03%
DASH	A	0.03%
MNST	C	0.03%
JAZZ	B	0.03%
KEX	C	0.03%
PR	B	0.03%
BERY	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%
X	C	0.03%
ECL	D	0.03%
TKO	B	0.03%
SEIC	B	0.03%
APG	B	0.03%
APA	D	0.03%
LAMR	D	0.03%
WAT	B	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
FICO	B	0.03%
EGP	F	0.03%
RL	B	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%
FYBR	D	0.03%
WTFC	A	0.03%
WYNN	D	0.03%
GWRE	A	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%
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%
TPG	A	0.02%
GTES	A	0.02%
PAYC	B	0.02%
GFS	C	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%
PSN	D	0.02%
WSC	D	0.02%
EEFT	B	0.02%
DBX	B	0.02%
CUZ	B	0.02%
AZO	C	0.02%
AGO	B	0.02%
ST	F	0.02%
FRPT	B	0.02%
CROX	D	0.02%
ROIV	C	0.02%
OLN	D	0.02%
WTM	A	0.02%
HXL	D	0.02%
AMP	A	0.02%
BYD	C	0.02%
AL	B	0.02%
BFAM	D	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%
ORLY	B	0.02%
RITM	C	0.02%
BC	C	0.02%
THO	B	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
PVH	C	0.02%
FOX	A	0.02%
H	B	0.02%
WMS	D	0.02%
SAIA	B	0.02%
THG	A	0.02%
AGCO	D	0.02%
AMG	B	0.02%
ONTO	D	0.02%
VNT	B	0.02%
LFUS	F	0.02%
IDA	A	0.02%
RGEN	D	0.02%
S	B	0.02%
ARW	D	0.02%
WBA	F	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%
MOH	F	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%
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%
AZTA	D	0.01%
YETI	C	0.01%
JWN	C	0.01%
HAYW	B	0.01%
SAM	C	0.01%
ULTA	F	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%
CXT	B	0.01%
COTY	F	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%
SNRE	D	0.01%
PAG	B	0.01%
LLYVK	A	0.01%
PK	B	0.01%
IRDM	D	0.01%
BROS	B	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	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%
EPR	D	0.01%
MASI	A	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	A	0.01%
ACHC	F	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%
VNOM	A	0.01%
TNL	A	0.01%
CIVI	D	0.01%
NWL	B	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	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%
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%
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 64 Positions Relative to SPDG

Symbol	Grade	Weight
AVGO	D	-9.3%
ORCL	B	-3.47%
MRK	F	-1.09%
WM	A	-0.34%
TSCO	D	-0.31%
STX	D	-0.26%
CCOI	B	-0.12%
CLX	B	-0.11%
CADE	B	-0.07%
ONB	B	-0.07%
RDN	C	-0.06%
UBSI	B	-0.06%
GBCI	B	-0.06%
CBT	C	-0.05%
CTRE	D	-0.05%
IDCC	A	-0.05%
CDP	C	-0.04%
CBU	B	-0.04%
CATY	B	-0.04%
ASB	B	-0.04%
AVNT	B	-0.04%
AUB	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
VLY	B	-0.04%
CVBF	A	-0.03%
SXT	B	-0.03%
LCII	C	-0.03%
FFBC	A	-0.03%
FCPT	C	-0.03%
SFNC	B	-0.03%
ABR	C	-0.03%
INDB	B	-0.03%
BOH	B	-0.03%
WAFD	B	-0.03%
FHI	A	-0.03%
BKU	A	-0.03%
HASI	D	-0.03%
NWE	B	-0.02%
KFY	B	-0.02%
ALE	A	-0.02%
PZZA	D	-0.02%
OGS	A	-0.02%
TRMK	B	-0.02%
SR	A	-0.02%
POR	C	-0.02%
SWX	B	-0.02%
MMS	F	-0.02%
BKH	A	-0.02%
VSH	D	-0.02%
GATX	A	-0.02%
BANR	B	-0.02%
PDCO	D	-0.01%
KMT	B	-0.01%
HI	C	-0.01%
B	B	-0.01%
ENR	B	-0.01%
WERN	C	-0.01%
NAVI	C	-0.01%
TRN	C	-0.01%
NSP	D	-0.01%
ABM	B	-0.01%
AVA	A	-0.01%
BRC	D	-0.01%