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 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$195.14

Average Daily Volume

1,521,550

Number of Holdings ^*

864

* 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

$38.41

Average Daily Volume

1,525

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	IWD	SPDG
30 Days	1.28%	-0.81%
60 Days	5.38%	3.99%
90 Days	7.91%	7.87%
12 Months	29.61%	31.47%

206 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in SPDG	Overlap
	ABBV	D	0.77%	1.58%	0.77%
	ABT	C	0.78%	0.85%	0.78%
	ACN	C	0.86%	2.57%	0.86%
	ADC	A	0.03%	0.08%	0.03%
	ADI	F	0.43%	1.37%	0.43%
	ADP	A	0.03%	0.49%	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	F	0.15%	0.74%	0.15%
	AOS	F	0.03%	0.05%	0.03%
	APD	B	0.27%	0.57%	0.27%
	ASH	F	0.02%	0.04%	0.02%
	AVT	C	0.02%	0.06%	0.02%
	AVY	F	0.04%	0.16%	0.04%
	BAX	F	0.07%	0.08%	0.07%
	BBY	D	0.07%	0.2%	0.07%
	BDX	D	0.26%	0.29%	0.26%
	BEN	C	0.02%	0.07%	0.02%
	BK	B	0.22%	0.57%	0.22%
	BMY	B	0.42%	0.45%	0.42%
	BR	A	0.01%	0.11%	0.01%
	BXP	D	0.05%	0.12%	0.05%
	C	A	0.51%	1.31%	0.51%
	CAG	F	0.05%	0.08%	0.05%
	CAH	A	0.05%	0.12%	0.05%
	CAT	C	0.63%	0.81%	0.63%
	CC	C	0.01%	0.03%	0.01%
	CCI	F	0.18%	0.56%	0.18%
	CE	F	0.03%	0.12%	0.03%
	CF	B	0.06%	0.14%	0.06%
	CFG	B	0.08%	0.2%	0.08%
	CFR	B	0.03%	0.08%	0.03%
	CHRW	A	0.05%	0.05%	0.05%
	CI	D	0.31%	0.41%	0.31%
	CINF	A	0.09%	0.23%	0.09%
	CMA	A	0.04%	0.08%	0.04%
	CMI	A	0.19%	0.19%	0.19%
	COLB	B	0.02%	0.06%	0.02%
	CPB	F	0.03%	0.05%	0.03%
	CSCO	A	0.91%	2.59%	0.91%
	CUBE	D	0.04%	0.13%	0.04%
	CVS	F	0.27%	0.33%	0.27%
	CVX	B	1.04%	0.91%	0.91%
	DCI	A	0.04%	0.04%	0.04%
	DE	D	0.38%	0.45%	0.38%
	DGX	A	0.07%	0.07%	0.07%
	DKS	F	0.04%	0.12%	0.04%
	DLB	C	0.02%	0.06%	0.02%
	DOV	A	0.11%	0.12%	0.11%
	DTM	B	0.04%	0.03%	0.03%
	DUK	D	0.34%	0.43%	0.34%
	EIX	C	0.12%	0.16%	0.12%
	EMN	D	0.05%	0.11%	0.05%
	EMR	A	0.28%	0.28%	0.28%
	EQR	C	0.11%	0.26%	0.11%
	ES	D	0.08%	0.12%	0.08%
	ETN	A	0.56%	0.56%	0.56%
	ETR	B	0.12%	0.15%	0.12%
	EVRG	A	0.05%	0.07%	0.05%
	EXC	C	0.15%	0.19%	0.15%
	FAF	C	0.02%	0.07%	0.02%
	FAST	A	0.03%	0.19%	0.03%
	FDX	B	0.25%	0.27%	0.25%
	FE	D	0.09%	0.11%	0.09%
	FHB	B	0.01%	0.03%	0.01%
	FHN	A	0.04%	0.09%	0.04%
	FITB	A	0.12%	0.31%	0.12%
	FLO	F	0.02%	0.02%	0.02%
	FLS	B	0.03%	0.03%	0.03%
	FMC	F	0.03%	0.07%	0.03%
	FNB	A	0.02%	0.06%	0.02%
	FNF	C	0.06%	0.17%	0.06%
	FRT	C	0.04%	0.09%	0.04%
	GD	A	0.33%	0.33%	0.33%
	GILD	C	0.46%	0.45%	0.45%
	GIS	F	0.14%	0.2%	0.14%
	GLW	C	0.14%	0.44%	0.14%
	GPC	D	0.07%	0.2%	0.07%
	GPK	D	0.03%	0.07%	0.03%
	GRMN	A	0.13%	0.34%	0.13%
	GS	B	0.52%	1.68%	0.52%
	HAS	D	0.0%	0.1%	0.0%
	HBAN	B	0.1%	0.23%	0.1%
	HD	B	0.31%	4.03%	0.31%
	HII	D	0.03%	0.03%	0.03%
	HIW	D	0.01%	0.04%	0.01%
	HON	B	0.46%	0.59%	0.46%
	HPE	B	0.11%	0.34%	0.11%
	HPQ	B	0.1%	0.43%	0.1%
	HRB	D	0.03%	0.09%	0.03%
	HRL	F	0.03%	0.05%	0.03%
	HUBB	B	0.1%	0.1%	0.1%
	IBM	C	0.75%	2.37%	0.75%
	INGR	B	0.04%	0.04%	0.04%
	IPG	F	0.04%	0.47%	0.04%
	ITW	A	0.19%	0.32%	0.19%
	JEF	A	0.03%	0.11%	0.03%
	JHG	B	0.02%	0.06%	0.02%
	JNJ	D	1.44%	1.61%	1.44%
	JNPR	D	0.05%	0.16%	0.05%
	K	A	0.08%	0.11%	0.08%
	KEY	B	0.07%	0.17%	0.07%
	KMB	F	0.1%	0.24%	0.1%
	KMI	B	0.2%	0.15%	0.15%
	KO	F	0.41%	1.35%	0.41%
	KRC	C	0.02%	0.04%	0.02%
	KVUE	B	0.17%	0.22%	0.17%
	LDOS	B	0.1%	0.1%	0.1%
	LECO	C	0.03%	0.05%	0.03%
	LHX	A	0.19%	0.2%	0.19%
	LMT	C	0.32%	0.53%	0.32%
	LNC	B	0.02%	0.06%	0.02%
	LOW	B	0.6%	1.53%	0.6%
	LYB	F	0.09%	0.21%	0.09%
	MAA	C	0.07%	0.2%	0.07%
	MAN	F	0.01%	0.01%	0.01%
	MAS	D	0.07%	0.08%	0.07%
	MCD	C	0.78%	2.2%	0.78%
	MCHP	F	0.15%	0.52%	0.15%
	MDT	D	0.43%	0.48%	0.43%
	MET	C	0.18%	0.49%	0.18%
	MO	A	0.36%	0.47%	0.36%
	MS	A	0.54%	1.38%	0.54%
	MSM	B	0.02%	0.02%	0.02%
	MTB	B	0.13%	0.32%	0.13%
	NEU	C	0.01%	0.03%	0.01%
	NFG	C	0.02%	0.03%	0.02%
	NNN	F	0.03%	0.09%	0.03%
	NOC	C	0.28%	0.3%	0.28%
	NSA	D	0.01%	0.04%	0.01%
	NSC	B	0.24%	0.25%	0.24%
	NTAP	D	0.05%	0.3%	0.05%
	NTRS	A	0.08%	0.2%	0.08%
	NVT	B	0.05%	0.05%	0.05%
	NXST	C	0.01%	0.21%	0.01%
	O	D	0.19%	0.58%	0.19%
	OC	A	0.06%	0.06%	0.06%
	OGE	B	0.03%	0.04%	0.03%
	OGN	F	0.02%	0.02%	0.02%
	OHI	C	0.04%	0.12%	0.04%
	OKE	A	0.24%	0.19%	0.19%
	ORI	A	0.04%	0.09%	0.04%
	OSK	B	0.03%	0.03%	0.03%
	OZK	B	0.02%	0.05%	0.02%
	PAYX	B	0.12%	0.18%	0.12%
	PB	B	0.03%	0.07%	0.03%
	PEP	D	0.18%	1.13%	0.18%
	PFE	F	0.58%	0.68%	0.58%
	PFG	C	0.08%	0.18%	0.08%
	PH	A	0.34%	0.36%	0.34%
	PII	F	0.01%	0.04%	0.01%
	PKG	B	0.08%	0.17%	0.08%
	PM	C	0.75%	0.93%	0.75%
	PNC	B	0.31%	0.79%	0.31%
	PNW	B	0.04%	0.05%	0.04%
	PPG	F	0.11%	0.26%	0.11%
	PRGO	C	0.01%	0.01%	0.01%
	PRU	B	0.17%	0.45%	0.17%
	PSX	D	0.2%	0.18%	0.18%
	QCOM	F	0.05%	2.27%	0.05%
	R	A	0.03%	0.03%	0.03%
	RF	B	0.09%	0.23%	0.09%
	RHI	B	0.03%	0.03%	0.03%
	ROK	B	0.11%	0.13%	0.11%
	RPM	A	0.05%	0.13%	0.05%
	RSG	A	0.17%	0.18%	0.17%
	SBUX	B	0.1%	1.16%	0.1%
	SEE	C	0.01%	0.05%	0.01%
	SJM	F	0.05%	0.06%	0.05%
	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%	0.07%	0.03%
	SO	D	0.37%	0.48%	0.37%
	SON	D	0.02%	0.04%	0.02%
	STT	B	0.11%	0.29%	0.11%
	STWD	D	0.02%	0.07%	0.02%
	SWK	F	0.05%	0.07%	0.05%
	SWKS	F	0.06%	0.18%	0.06%
	SYY	B	0.06%	0.19%	0.06%
	TFC	B	0.23%	0.61%	0.23%
	TGT	C	0.27%	0.36%	0.27%
	TKR	F	0.02%	0.02%	0.02%
	TROW	B	0.1%	0.26%	0.1%
	TSN	C	0.06%	0.08%	0.06%
	TTC	F	0.03%	0.04%	0.03%
	TXN	C	0.68%	2.28%	0.68%
	UDR	C	0.06%	0.14%	0.06%
	UGI	D	0.02%	0.03%	0.02%
	UNH	B	2.03%	2.3%	2.03%
	UNM	A	0.05%	0.11%	0.05%
	UNP	C	0.3%	0.67%	0.3%
	UPS	C	0.37%	0.42%	0.37%
	USB	A	0.3%	0.76%	0.3%
	VLO	D	0.17%	0.15%	0.15%
	VZ	C	0.66%	7.51%	0.66%
	WBS	A	0.04%	0.08%	0.04%
	WEC	B	0.12%	0.15%	0.12%
	WHR	B	0.02%	0.06%	0.02%
	WSO	A	0.07%	0.08%	0.07%
	WU	F	0.01%	0.04%	0.01%
	XOM	B	2.09%	1.79%	1.79%
	XRAY	F	0.01%	0.02%	0.01%
	ZION	B	0.03%	0.07%	0.03%

IWD Overweight 658 Positions Relative to SPDG

	Symbol	Grade	Weight
	BRK.A	B	3.26%
	JPM	B	2.61%
	WMT	A	1.42%
	BAC	A	1.18%
	PG	C	1.18%
	WFC	A	0.94%
	LIN	D	0.85%
	TMO	F	0.81%
	DIS	B	0.7%
	CMCSA	B	0.65%
	RTX	C	0.63%
	T	A	0.62%
	SPGI	C	0.61%
	GE	C	0.61%
	NEE	D	0.61%
	DHR	F	0.61%
	BLK	B	0.59%
	BSX	A	0.5%
	COP	C	0.5%
	MU	D	0.47%
	CB	C	0.44%
	TMUS	A	0.44%
	INTC	C	0.43%
	PLD	D	0.41%
	AXP	B	0.39%
	SCHW	A	0.38%
	SYK	A	0.37%
	MMC	C	0.37%
	GEV	B	0.36%
	BA	F	0.34%
	MDLZ	F	0.34%
	ICE	D	0.34%
	PYPL	A	0.33%
	FI	A	0.32%
	ELV	F	0.32%
	EQIX	B	0.32%
	WELL	B	0.32%
	REGN	F	0.31%
	AMD	F	0.31%
	CME	A	0.31%
	EOG	A	0.3%
	AON	A	0.29%
	KKR	B	0.28%
	MRVL	B	0.28%
	CRH	B	0.27%
	COF	B	0.27%
	CSX	B	0.27%
	FCX	F	0.26%
	VRTX	B	0.26%
	WMB	B	0.26%
	CARR	C	0.25%
	MAR	A	0.25%
	TT	A	0.24%
	SLB	C	0.24%
	GM	A	0.24%
	CEG	D	0.24%
	TDG	B	0.23%
	TRV	B	0.23%
	DLR	C	0.23%
	PCAR	B	0.23%
	AJG	A	0.23%
	AFL	C	0.23%
	MMM	C	0.23%
	ROP	A	0.23%
	JCI	A	0.22%
	SRE	A	0.22%
	MPC	D	0.21%
	TJX	B	0.21%
	NEM	F	0.2%
	D	D	0.19%
	AIG	B	0.19%
	FIS	B	0.19%
	DHI	F	0.19%
	HCA	D	0.19%
	PSA	C	0.18%
	CRM	B	0.18%
	SPG	B	0.17%
	F	C	0.17%
	HWM	A	0.17%
	MSI	B	0.17%
	ALL	A	0.17%
	DFS	B	0.17%
	PCG	A	0.17%
	AME	A	0.17%
	URI	B	0.17%
	MCK	A	0.17%
	OTIS	C	0.16%
	CTVA	C	0.16%
	LEN	D	0.16%
	IR	A	0.16%
	CBRE	A	0.16%
	EA	A	0.16%
	PEG	C	0.16%
	BKR	B	0.16%
	NUE	C	0.15%
	FERG	B	0.15%
	DAL	A	0.15%
	MSTR	B	0.15%
	KR	A	0.15%
	CTSH	A	0.15%
	A	F	0.15%
	EXR	D	0.14%
	WAB	A	0.14%
	DD	D	0.14%
	MLM	B	0.14%
	ROST	F	0.14%
	APH	B	0.14%
	ACGL	D	0.14%
	KDP	D	0.14%
	CHTR	B	0.14%
	STZ	D	0.14%
	XEL	A	0.14%
	DOW	F	0.13%
	VICI	D	0.13%
	AVB	A	0.13%
	PWR	B	0.13%
	OXY	D	0.13%
	CL	F	0.13%
	ED	D	0.13%
	FANG	D	0.13%
	HIG	C	0.13%
	GEHC	F	0.13%
	HUM	D	0.13%
	RCL	A	0.13%
	NKE	F	0.13%
	IQV	F	0.13%
	RJF	A	0.12%
	XYL	D	0.12%
	ON	F	0.12%
	TTWO	A	0.12%
	DELL	B	0.12%
	CSGP	D	0.12%
	EBAY	C	0.12%
	CNC	F	0.12%
	EW	D	0.12%
	WTW	A	0.12%
	NDAQ	A	0.12%
	PHM	D	0.11%
	MTD	F	0.11%
	GPN	B	0.11%
	UAL	B	0.11%
	VMC	B	0.11%
	KEYS	C	0.11%
	KHC	F	0.11%
	HLT	A	0.11%
	ANSS	B	0.11%
	ADM	F	0.1%
	SYF	B	0.1%
	BIIB	F	0.1%
	HAL	C	0.1%
	FCNCA	B	0.1%
	CHD	B	0.1%
	VTR	C	0.1%
	FTV	D	0.1%
	AWK	D	0.1%
	EFX	D	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	SW	C	0.1%
	WBD	B	0.09%
	TDY	A	0.09%
	WDC	D	0.09%
	EQT	B	0.09%
	LNG	B	0.09%
	WY	F	0.09%
	IFF	F	0.09%
	YUM	B	0.09%
	AEE	A	0.09%
	PGR	A	0.09%
	SBAC	D	0.09%
	CCL	A	0.09%
	ILMN	C	0.09%
	SQ	B	0.09%
	DTE	D	0.09%
	PPL	A	0.09%
	DVN	F	0.09%
	ARE	F	0.08%
	IP	C	0.08%
	CMS	C	0.08%
	OMC	B	0.08%
	COO	D	0.08%
	HOOD	B	0.08%
	LH	A	0.08%
	INVH	D	0.08%
	FSLR	F	0.08%
	CBOE	D	0.08%
	EXE	A	0.08%
	APO	B	0.08%
	ZM	B	0.08%
	STE	F	0.08%
	ATO	A	0.08%
	HSY	D	0.08%
	STLD	B	0.08%
	ZBH	C	0.08%
	PNR	A	0.07%
	CVNA	B	0.07%
	IEX	B	0.07%
	TRMB	B	0.07%
	WRB	B	0.07%
	UTHR	B	0.07%
	CSL	B	0.07%
	IBKR	A	0.07%
	HOLX	D	0.07%
	CTRA	B	0.07%
	J	B	0.07%
	RS	B	0.07%
	BALL	D	0.07%
	LUV	B	0.07%
	MSCI	B	0.07%
	CNP	B	0.07%
	ESS	C	0.07%
	BLDR	D	0.07%
	TRU	D	0.07%
	MKC	D	0.07%
	VLTO	C	0.06%
	EME	B	0.06%
	COHR	B	0.06%
	VRSN	C	0.06%
	GGG	B	0.06%
	RGA	A	0.06%
	CW	B	0.06%
	LNT	C	0.06%
	NDSN	B	0.06%
	L	A	0.06%
	ACM	B	0.06%
	IRM	D	0.06%
	BRO	A	0.06%
	RVTY	C	0.06%
	MRNA	F	0.06%
	APTV	D	0.06%
	AVTR	F	0.06%
	USFD	A	0.06%
	VTRS	B	0.06%
	SUI	D	0.06%
	THC	B	0.06%
	JBHT	B	0.06%
	DOC	C	0.06%
	MRO	B	0.06%
	SSNC	C	0.06%
	ZBRA	A	0.06%
	TOL	C	0.06%
	GEN	A	0.06%
	MKL	A	0.06%
	NI	A	0.06%
	KIM	A	0.06%
	TXT	C	0.06%
	DG	F	0.06%
	RRX	C	0.05%
	Z	B	0.05%
	FDS	A	0.05%
	TECH	B	0.05%
	NRG	B	0.05%
	BJ	B	0.05%
	ALB	B	0.05%
	TPR	B	0.05%
	UHS	D	0.05%
	NTNX	B	0.05%
	EPAM	B	0.05%
	BG	D	0.05%
	WPC	F	0.05%
	FTI	B	0.05%
	SCI	B	0.05%
	DLTR	F	0.05%
	AMH	C	0.05%
	INCY	B	0.05%
	CACI	C	0.05%
	HST	C	0.05%
	CPT	C	0.05%
	ITT	A	0.05%
	TWLO	A	0.05%
	CASY	B	0.05%
	BMRN	F	0.05%
	AMAT	F	0.05%
	GLPI	D	0.05%
	JKHY	C	0.05%
	ELS	C	0.05%
	CLH	B	0.05%
	EG	D	0.05%
	CDW	F	0.05%
	AKAM	F	0.05%
	REG	A	0.05%
	RNR	D	0.05%
	JBL	C	0.05%
	HES	C	0.05%
	EWBC	B	0.05%
	FFIV	A	0.05%
	ZTS	D	0.05%
	EXPD	D	0.05%
	PNFP	B	0.04%
	BRBR	A	0.04%
	TW	C	0.04%
	X	C	0.04%
	TFX	F	0.04%
	CNH	D	0.04%
	WST	B	0.04%
	GME	C	0.04%
	REXR	F	0.04%
	EL	F	0.04%
	KNX	B	0.04%
	DRI	B	0.04%
	SNX	C	0.04%
	AES	F	0.04%
	GL	B	0.04%
	WAL	B	0.04%
	FBIN	F	0.04%
	TTEK	C	0.04%
	RGLD	C	0.04%
	NLY	C	0.04%
	SOLV	D	0.04%
	AFG	A	0.04%
	LAD	B	0.04%
	WTRG	C	0.04%
	MKTX	C	0.04%
	LKQ	D	0.04%
	RPRX	F	0.04%
	AYI	B	0.04%
	FOXA	A	0.04%
	EHC	A	0.04%
	CIEN	B	0.04%
	ARMK	B	0.04%
	BKNG	A	0.04%
	ALSN	A	0.04%
	PRI	A	0.04%
	DPZ	C	0.04%
	TAP	B	0.04%
	DOX	C	0.04%
	FTNT	B	0.04%
	WWD	B	0.04%
	BLD	F	0.04%
	FWONK	A	0.04%
	CTLT	D	0.04%
	AFRM	B	0.04%
	DAY	C	0.04%
	CRL	C	0.04%
	AIZ	A	0.04%
	CCK	D	0.04%
	KMX	C	0.04%
	EVR	B	0.04%
	NWSA	B	0.04%
	SOFI	B	0.04%
	AA	C	0.04%
	OVV	C	0.04%
	PFGC	B	0.04%
	CG	C	0.04%
	SF	B	0.04%
	ATR	A	0.04%
	COLD	F	0.03%
	AXS	A	0.03%
	PARA	C	0.03%
	WBA	D	0.03%
	IVZ	C	0.03%
	AZPN	A	0.03%
	DINO	D	0.03%
	DOCS	B	0.03%
	QRVO	F	0.03%
	MAT	C	0.03%
	FND	F	0.03%
	RGEN	C	0.03%
	WH	A	0.03%
	WSM	F	0.03%
	BBWI	C	0.03%
	HR	C	0.03%
	STAG	D	0.03%
	VMI	B	0.03%
	OKTA	C	0.03%
	LSTR	B	0.03%
	RLI	A	0.03%
	WEX	D	0.03%
	ALGN	F	0.03%
	GWW	B	0.03%
	GNTX	C	0.03%
	CGNX	C	0.03%
	GXO	B	0.03%
	ELAN	D	0.03%
	MOH	F	0.03%
	FR	C	0.03%
	BIO	C	0.03%
	AGNC	C	0.03%
	FCN	F	0.03%
	ATI	D	0.03%
	SSD	D	0.03%
	VFC	C	0.03%
	MKSI	C	0.03%
	ESAB	B	0.03%
	COKE	C	0.03%
	CHE	D	0.03%
	MIDD	C	0.03%
	SKX	F	0.03%
	KEX	B	0.03%
	DASH	A	0.03%
	JAZZ	B	0.03%
	MHK	D	0.03%
	BWA	B	0.03%
	MTSI	B	0.03%
	PR	C	0.03%
	SAIC	C	0.03%
	MNST	B	0.03%
	BERY	C	0.03%
	RRC	B	0.03%
	MTCH	F	0.03%
	ROKU	C	0.03%
	LW	C	0.03%
	APA	F	0.03%
	WYNN	F	0.03%
	VNO	C	0.03%
	SHW	A	0.03%
	G	B	0.03%
	ACI	C	0.03%
	SEIC	A	0.03%
	LBRDK	C	0.03%
	TKO	D	0.03%
	CART	C	0.03%
	CHRD	F	0.03%
	ECL	C	0.03%
	CBSH	A	0.03%
	VOYA	B	0.03%
	WTFC	B	0.03%
	LAMR	D	0.03%
	AAL	B	0.03%
	FYBR	D	0.03%
	AR	B	0.03%
	APG	B	0.03%
	COIN	B	0.03%
	EGP	C	0.03%
	BRX	A	0.03%
	CR	B	0.03%
	MGM	D	0.03%
	FICO	B	0.03%
	HSIC	F	0.03%
	GWRE	A	0.03%
	RIVN	D	0.03%
	JLL	C	0.03%
	CZR	F	0.03%
	KBR	B	0.03%
	AXTA	A	0.03%
	WAT	A	0.03%
	HLI	B	0.03%
	MOS	D	0.03%
	WCC	B	0.03%
	RL	B	0.03%
	NYT	C	0.03%
	BWXT	A	0.03%
	GMED	B	0.03%
	PTC	B	0.03%
	MTZ	B	0.03%
	RBC	B	0.03%
	VNOM	C	0.02%
	ALNY	D	0.02%
	DXC	B	0.02%
	CTAS	A	0.02%
	TYL	B	0.02%
	IAC	F	0.02%
	HOG	F	0.02%
	RH	C	0.02%
	CLF	D	0.02%
	KMPR	A	0.02%
	OLED	F	0.02%
	AMTM	D	0.02%
	LINE	F	0.02%
	TPG	B	0.02%
	AN	C	0.02%
	GTES	B	0.02%
	SITE	D	0.02%
	M	D	0.02%
	PAYC	B	0.02%
	GAP	B	0.02%
	AWI	B	0.02%
	WLK	F	0.02%
	GFS	C	0.02%
	EEFT	C	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	RYN	F	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	CUZ	C	0.02%
	AMP	A	0.02%
	AL	B	0.02%
	CROX	F	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	BYD	A	0.02%
	SLM	B	0.02%
	ROIV	C	0.02%
	HXL	D	0.02%
	WSC	F	0.02%
	PSN	B	0.02%
	OLN	D	0.02%
	CCCS	B	0.02%
	LEA	F	0.02%
	POST	D	0.02%
	ORLY	A	0.02%
	FOX	A	0.02%
	RITM	C	0.02%
	SN	C	0.02%
	THO	B	0.02%
	CRUS	F	0.02%
	LITE	A	0.02%
	EXAS	F	0.02%
	GNRC	B	0.02%
	THG	A	0.02%
	BFAM	F	0.02%
	AGCO	F	0.02%
	BC	C	0.02%
	IDA	A	0.02%
	PVH	C	0.02%
	AMG	B	0.02%
	H	B	0.02%
	BILL	A	0.02%
	WMS	F	0.02%
	SAIA	B	0.02%
	OLLI	C	0.02%
	BPOP	C	0.02%
	MTDR	C	0.02%
	VNT	B	0.02%
	OMF	A	0.02%
	LFUS	D	0.02%
	KD	A	0.02%
	MTG	C	0.02%
	SIRI	D	0.02%
	ARW	F	0.02%
	S	B	0.02%
	ESI	B	0.02%
	ALK	A	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	DAR	B	0.02%
	ONTO	F	0.02%
	CERT	F	0.01%
	NCNO	B	0.01%
	LBRDA	C	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	D	0.01%
	TER	F	0.01%
	LEG	F	0.01%
	UA	B	0.01%
	INFA	D	0.01%
	WEN	C	0.01%
	GO	C	0.01%
	EXEL	B	0.01%
	CRI	D	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	LEN	D	0.01%
	CLVT	F	0.01%
	VSTS	D	0.01%
	FTRE	D	0.01%
	KSS	F	0.01%
	UAA	B	0.01%
	CNXC	F	0.01%
	LYFT	B	0.01%
	PPC	B	0.01%
	AZEK	B	0.01%
	ALAB	B	0.01%
	PSTG	D	0.01%
	ETSY	C	0.01%
	LPX	B	0.01%
	LCID	F	0.01%
	SAM	B	0.01%
	RCM	B	0.01%
	JWN	B	0.01%
	AAP	D	0.01%
	ADT	B	0.01%
	RKT	F	0.01%
	CWEN	D	0.01%
	HAYW	C	0.01%
	YETI	C	0.01%
	BRKR	F	0.01%
	QDEL	F	0.01%
	CPRI	F	0.01%
	IPGP	C	0.01%
	PINC	A	0.01%
	GLOB	B	0.01%
	SHC	D	0.01%
	AZTA	F	0.01%
	ULTA	C	0.01%
	SPB	B	0.01%
	ENOV	C	0.01%
	AGR	C	0.01%
	MP	C	0.01%
	EXP	B	0.01%
	BOKF	B	0.01%
	HHH	B	0.01%
	ALGM	F	0.01%
	COTY	F	0.01%
	CXT	D	0.01%
	COLM	B	0.01%
	VIRT	B	0.01%
	LLYVK	B	0.01%
	CNM	D	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	PK	B	0.01%
	PENN	B	0.01%
	AMKR	F	0.01%
	AMED	F	0.01%
	BROS	B	0.01%
	BHF	B	0.01%
	SPR	F	0.01%
	ECG	C	0.01%
	AM	B	0.01%
	IRDM	C	0.01%
	LBTYK	F	0.01%
	HUN	F	0.01%
	LBTYA	F	0.01%
	VAC	B	0.01%
	CPRT	A	0.01%
	MASI	B	0.01%
	ZG	B	0.01%
	EPR	D	0.01%
	U	F	0.01%
	LOPE	B	0.01%
	NVST	C	0.01%
	MDU	F	0.01%
	NWS	B	0.01%
	TNL	A	0.01%
	W	F	0.01%
	ACHC	F	0.01%
	ZI	D	0.01%
	DNB	B	0.01%
	PLNT	A	0.01%
	UHAL	C	0.01%
	CIVI	F	0.01%
	NWL	B	0.01%
	MSGS	C	0.01%
	LOAR	C	0.0%
	UWMC	F	0.0%
	SEG	F	0.0%
	PARAA	B	0.0%
	NFE	F	0.0%
	UHAL	C	0.0%
	GRAL	B	0.0%
	LAZ	C	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CACC	D	0.0%
	CHH	B	0.0%
	DJT	D	0.0%
	UI	B	0.0%
	SEB	D	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	FIVE	F	0.0%
	CAR	C	0.0%
	CWEN	D	0.0%
	LSCC	D	0.0%
	HCP	A	0.0%
	CNA	C	0.0%
	MTN	D	0.0%
	FWONA	A	0.0%
	PYCR	B	0.0%
	AS	B	0.0%
	DV	C	0.0%
	LLYVA	B	0.0%
	DDS	C	0.0%
	WOLF	F	0.0%

IWD Underweight 64 Positions Relative to SPDG

	Symbol	Grade	Weight
	AVGO	C	-9.65%
	ORCL	A	-3.24%
	MRK	F	-1.17%
	WM	A	-0.34%
	TSCO	C	-0.31%
	STX	D	-0.27%
	CCOI	C	-0.13%
	CLX	A	-0.1%
	ONB	B	-0.07%
	CTRE	C	-0.06%
	GBCI	B	-0.06%
	CADE	B	-0.06%
	IDCC	B	-0.05%
	RDN	C	-0.05%
	CBT	C	-0.05%
	UBSI	B	-0.05%
	ASB	B	-0.04%
	FULT	B	-0.04%
	UCB	B	-0.04%
	AUB	B	-0.04%
	AVNT	B	-0.04%
	CDP	C	-0.04%
	VLY	B	-0.04%
	HASI	F	-0.04%
	VSH	F	-0.03%
	FFBC	B	-0.03%
	INDB	B	-0.03%
	SXT	B	-0.03%
	LCII	C	-0.03%
	FCPT	C	-0.03%
	SFNC	B	-0.03%
	BKU	B	-0.03%
	WAFD	B	-0.03%
	BOH	B	-0.03%
	ABR	B	-0.03%
	FHI	A	-0.03%
	CATY	B	-0.03%
	CBU	B	-0.03%
	KFY	B	-0.02%
	ALE	A	-0.02%
	OGS	A	-0.02%
	TRMK	B	-0.02%
	SR	C	-0.02%
	SWX	B	-0.02%
	BKH	B	-0.02%
	POR	D	-0.02%
	GATX	A	-0.02%
	BANR	B	-0.02%
	PZZA	D	-0.02%
	CVBF	B	-0.02%
	MMS	D	-0.02%
	PDCO	F	-0.01%
	HI	C	-0.01%
	KMT	B	-0.01%
	B	A	-0.01%
	ENR	B	-0.01%
	TRN	B	-0.01%
	WERN	B	-0.01%
	NAVI	D	-0.01%
	NSP	F	-0.01%
	ABM	B	-0.01%
	AVA	C	-0.01%
	BRC	A	-0.01%
	NWE	C	-0.01%

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

SPDG: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Asset Management Packaged Foods Specialty Chemicals Drug Manufacturers - Major Semiconductors Packaging & Containers Tools & Accessories Utilities - Diversified Business Services Insurance - Life Aerospace & Defense Chemicals Communication Equipment Electronic Components REIT - Diversified REIT - Office REIT - Retail

Keywords: S&P 500 Bank Banking Natural Gas Deposit Products Chemical Commercial Banking Mining Electricity Insurance Nasdaq 100 Real Estate Investment Trust Real Estate Loans Investment Bank Investment Management Beverage Cash Management Dow Jones Component Electronics Financial Products