IWD vs. SPUS ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS)

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

$195.14

Average Daily Volume

1,521,550

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.02

Average Daily Volume

192,344

Number of Holdings ^*

225

* may have additional holdings in another (foreign) market

Performance

Period	IWD	SPUS
30 Days	1.28%	1.43%
60 Days	5.38%	6.08%
90 Days	7.91%	6.41%
12 Months	29.61%	33.16%

185 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in SPUS	Overlap
A	F	0.15%	0.13%	0.13%
ABBV	D	0.77%	1.16%	0.77%
ABT	C	0.78%	0.67%	0.67%
ACN	C	0.86%	0.7%	0.7%
ADI	F	0.43%	0.36%	0.36%
ADM	F	0.1%	0.09%	0.09%
AKAM	F	0.05%	0.05%	0.05%
ALB	B	0.05%	0.04%	0.04%
ALGN	F	0.03%	0.05%	0.03%
ALLE	D	0.05%	0.04%	0.04%
AMAT	F	0.05%	0.49%	0.05%
AMD	F	0.31%	0.74%	0.31%
AME	A	0.17%	0.14%	0.14%
ANSS	B	0.11%	0.09%	0.09%
AOS	F	0.03%	0.03%	0.03%
APD	B	0.27%	0.22%	0.22%
APH	B	0.14%	0.27%	0.14%
APTV	D	0.06%	0.05%	0.05%
AVB	A	0.13%	0.1%	0.1%
AVY	F	0.04%	0.05%	0.04%
AZO	C	0.02%	0.16%	0.02%
BBY	D	0.07%	0.06%	0.06%
BDX	D	0.26%	0.22%	0.22%
BIIB	F	0.1%	0.08%	0.08%
BKNG	A	0.04%	0.52%	0.04%
BKR	B	0.16%	0.12%	0.12%
BLDR	D	0.07%	0.07%	0.07%
BSX	A	0.5%	0.41%	0.41%
CAH	A	0.05%	0.09%	0.05%
CDW	F	0.05%	0.08%	0.05%
CEG	D	0.24%	0.23%	0.23%
CF	B	0.06%	0.05%	0.05%
CHD	B	0.1%	0.08%	0.08%
CHRW	A	0.05%	0.04%	0.04%
CL	F	0.13%	0.25%	0.13%
CMI	A	0.19%	0.15%	0.15%
COP	C	0.5%	0.41%	0.41%
CPRT	A	0.01%	0.15%	0.01%
CPT	C	0.05%	0.04%	0.04%
CRL	C	0.04%	0.03%	0.03%
CRM	B	0.18%	0.94%	0.18%
CSCO	A	0.91%	0.73%	0.73%
CSX	B	0.27%	0.21%	0.21%
CTAS	A	0.02%	0.23%	0.02%
CTRA	B	0.07%	0.06%	0.06%
CTSH	A	0.15%	0.12%	0.12%
CTVA	C	0.16%	0.14%	0.14%
DD	D	0.14%	0.11%	0.11%
DGX	A	0.07%	0.06%	0.06%
DHI	F	0.19%	0.16%	0.16%
DHR	F	0.61%	0.52%	0.52%
DOV	A	0.11%	0.08%	0.08%
DVN	F	0.09%	0.08%	0.08%
EBAY	C	0.12%	0.1%	0.1%
ECL	C	0.03%	0.2%	0.03%
EFX	D	0.1%	0.11%	0.1%
EL	F	0.04%	0.05%	0.04%
EMR	A	0.28%	0.21%	0.21%
EOG	A	0.3%	0.23%	0.23%
EPAM	B	0.05%	0.03%	0.03%
EQIX	B	0.32%	0.28%	0.28%
EQR	C	0.11%	0.08%	0.08%
ETN	A	0.56%	0.43%	0.43%
EW	D	0.12%	0.13%	0.12%
EXPD	D	0.05%	0.06%	0.05%
FAST	A	0.03%	0.15%	0.03%
FCX	F	0.26%	0.22%	0.22%
FFIV	A	0.05%	0.04%	0.04%
FICO	B	0.03%	0.15%	0.03%
FSLR	F	0.08%	0.07%	0.07%
FTNT	B	0.04%	0.16%	0.04%
FTV	D	0.1%	0.08%	0.08%
GEHC	F	0.13%	0.13%	0.13%
GILD	C	0.46%	0.36%	0.36%
GIS	F	0.14%	0.12%	0.12%
GLW	C	0.14%	0.12%	0.12%
GNRC	B	0.02%	0.03%	0.02%
GPC	D	0.07%	0.05%	0.05%
GRMN	A	0.13%	0.1%	0.1%
GWW	B	0.03%	0.16%	0.03%
HAL	C	0.1%	0.08%	0.08%
HD	B	0.31%	1.28%	0.31%
HES	C	0.05%	0.13%	0.05%
HOLX	D	0.07%	0.06%	0.06%
HON	B	0.46%	0.44%	0.44%
HPQ	B	0.1%	0.11%	0.1%
HSIC	F	0.03%	0.03%	0.03%
HSY	D	0.08%	0.09%	0.08%
HUBB	B	0.1%	0.07%	0.07%
IEX	B	0.07%	0.05%	0.05%
INCY	B	0.05%	0.04%	0.04%
IR	A	0.16%	0.12%	0.12%
ITW	A	0.19%	0.23%	0.19%
J	B	0.07%	0.06%	0.06%
JBHT	B	0.06%	0.05%	0.05%
JBL	C	0.05%	0.05%	0.05%
JCI	A	0.22%	0.16%	0.16%
JNJ	D	1.44%	1.25%	1.25%
JNPR	D	0.05%	0.04%	0.04%
K	A	0.08%	0.07%	0.07%
KDP	D	0.14%	0.11%	0.11%
KEYS	C	0.11%	0.09%	0.09%
KMB	F	0.1%	0.15%	0.1%
KVUE	B	0.17%	0.14%	0.14%
LH	A	0.08%	0.06%	0.06%
LIN	D	0.85%	0.72%	0.72%
LKQ	D	0.04%	0.03%	0.03%
LOW	B	0.6%	0.49%	0.49%
LW	C	0.03%	0.04%	0.03%
MAA	C	0.07%	0.06%	0.06%
MAS	D	0.07%	0.06%	0.06%
MCHP	F	0.15%	0.13%	0.13%
MCK	A	0.17%	0.22%	0.17%
MDLZ	F	0.34%	0.3%	0.3%
MDT	D	0.43%	0.37%	0.37%
MHK	D	0.03%	0.02%	0.02%
MKC	D	0.07%	0.06%	0.06%
MLM	B	0.14%	0.12%	0.12%
MMM	C	0.23%	0.23%	0.23%
MNST	B	0.03%	0.12%	0.03%
MOH	F	0.03%	0.06%	0.03%
MOS	D	0.03%	0.03%	0.03%
MSI	B	0.17%	0.25%	0.17%
MTD	F	0.11%	0.09%	0.09%
MU	D	0.47%	0.37%	0.37%
NDSN	B	0.06%	0.04%	0.04%
NEM	F	0.2%	0.17%	0.17%
NKE	F	0.13%	0.3%	0.13%
NSC	B	0.24%	0.18%	0.18%
NTAP	D	0.05%	0.08%	0.05%
NUE	C	0.15%	0.11%	0.11%
ON	F	0.12%	0.1%	0.1%
ORLY	A	0.02%	0.22%	0.02%
OTIS	C	0.16%	0.13%	0.13%
PAYC	B	0.02%	0.03%	0.02%
PEP	D	0.18%	0.75%	0.18%
PG	C	1.18%	1.28%	1.18%
PH	A	0.34%	0.27%	0.27%
PHM	D	0.11%	0.09%	0.09%
PKG	B	0.08%	0.07%	0.07%
PLD	D	0.41%	0.34%	0.34%
PNR	A	0.07%	0.05%	0.05%
PPG	F	0.11%	0.09%	0.09%
PTC	B	0.03%	0.07%	0.03%
PWR	B	0.13%	0.15%	0.13%
QCOM	F	0.05%	0.6%	0.05%
QRVO	F	0.03%	0.02%	0.02%
REGN	F	0.31%	0.29%	0.29%
RL	B	0.03%	0.03%	0.03%
RMD	C	0.1%	0.12%	0.1%
ROK	B	0.11%	0.1%	0.1%
ROP	A	0.23%	0.19%	0.19%
ROST	F	0.14%	0.15%	0.14%
RSG	A	0.17%	0.13%	0.13%
SHW	A	0.03%	0.28%	0.03%
SLB	C	0.24%	0.19%	0.19%
STE	F	0.08%	0.07%	0.07%
STLD	B	0.08%	0.06%	0.06%
SWKS	F	0.06%	0.05%	0.05%
SYK	A	0.37%	0.41%	0.37%
TECH	B	0.05%	0.04%	0.04%
TER	F	0.01%	0.06%	0.01%
TFX	F	0.04%	0.03%	0.03%
TGT	C	0.27%	0.23%	0.23%
TJX	B	0.21%	0.42%	0.21%
TMO	F	0.81%	0.69%	0.69%
TRMB	B	0.07%	0.05%	0.05%
TT	A	0.24%	0.28%	0.24%
TXN	C	0.68%	0.61%	0.61%
TYL	B	0.02%	0.08%	0.02%
ULTA	C	0.01%	0.06%	0.01%
UNP	C	0.3%	0.46%	0.3%
UPS	C	0.37%	0.32%	0.32%
VLO	D	0.17%	0.14%	0.14%
VLTO	C	0.06%	0.08%	0.06%
VMC	B	0.11%	0.12%	0.11%
VRSN	C	0.06%	0.05%	0.05%
WAB	A	0.14%	0.11%	0.11%
WAT	A	0.03%	0.08%	0.03%
WST	B	0.04%	0.07%	0.04%
WY	F	0.09%	0.08%	0.08%
XOM	B	2.09%	1.72%	1.72%
XYL	D	0.12%	0.1%	0.1%
ZBH	C	0.08%	0.07%	0.07%
ZBRA	A	0.06%	0.06%	0.06%

IWD Overweight 679 Positions Relative to SPUS

Symbol	Grade	Weight
BRK.A	B	3.26%
JPM	B	2.61%
UNH	B	2.03%
WMT	A	1.42%
BAC	A	1.18%
CVX	B	1.04%
WFC	A	0.94%
MCD	C	0.78%
IBM	C	0.75%
PM	C	0.75%
DIS	B	0.7%
VZ	C	0.66%
CMCSA	B	0.65%
RTX	C	0.63%
CAT	C	0.63%
T	A	0.62%
SPGI	C	0.61%
GE	C	0.61%
NEE	D	0.61%
BLK	B	0.59%
PFE	F	0.58%
MS	A	0.54%
GS	B	0.52%
C	A	0.51%
CB	C	0.44%
TMUS	A	0.44%
INTC	C	0.43%
BMY	B	0.42%
KO	F	0.41%
AXP	B	0.39%
SCHW	A	0.38%
DE	D	0.38%
MMC	C	0.37%
SO	D	0.37%
MO	A	0.36%
GEV	B	0.36%
BA	F	0.34%
DUK	D	0.34%
ICE	D	0.34%
GD	A	0.33%
PYPL	A	0.33%
LMT	C	0.32%
FI	A	0.32%
ELV	F	0.32%
WELL	B	0.32%
PNC	B	0.31%
CI	D	0.31%
CME	A	0.31%
USB	A	0.3%
AON	A	0.29%
NOC	C	0.28%
KKR	B	0.28%
MRVL	B	0.28%
CRH	B	0.27%
CVS	F	0.27%
COF	B	0.27%
VRTX	B	0.26%
WMB	B	0.26%
CARR	C	0.25%
MAR	A	0.25%
FDX	B	0.25%
GM	A	0.24%
OKE	A	0.24%
TDG	B	0.23%
TRV	B	0.23%
DLR	C	0.23%
PCAR	B	0.23%
AJG	A	0.23%
TFC	B	0.23%
AFL	C	0.23%
BK	B	0.22%
SRE	A	0.22%
MPC	D	0.21%
AEP	D	0.2%
KMI	B	0.2%
PSX	D	0.2%
D	D	0.19%
AIG	B	0.19%
LHX	A	0.19%
FIS	B	0.19%
O	D	0.19%
HCA	D	0.19%
PSA	C	0.18%
CCI	F	0.18%
MET	C	0.18%
SPG	B	0.17%
F	C	0.17%
HWM	A	0.17%
ALL	A	0.17%
PRU	B	0.17%
DFS	B	0.17%
PCG	A	0.17%
URI	B	0.17%
LEN	D	0.16%
CBRE	A	0.16%
EA	A	0.16%
PEG	C	0.16%
EXC	C	0.15%
AMGN	F	0.15%
FERG	B	0.15%
DAL	A	0.15%
MSTR	B	0.15%
KR	A	0.15%
EXR	D	0.14%
ACGL	D	0.14%
CHTR	B	0.14%
STZ	D	0.14%
XEL	A	0.14%
DOW	F	0.13%
VICI	D	0.13%
OXY	D	0.13%
ED	D	0.13%
FANG	D	0.13%
HIG	C	0.13%
HUM	D	0.13%
MTB	B	0.13%
RCL	A	0.13%
IQV	F	0.13%
RJF	A	0.12%
PAYX	B	0.12%
TTWO	A	0.12%
DELL	B	0.12%
WEC	B	0.12%
CSGP	D	0.12%
FITB	A	0.12%
EIX	C	0.12%
CNC	F	0.12%
ETR	B	0.12%
WTW	A	0.12%
NDAQ	A	0.12%
GPN	B	0.11%
STT	B	0.11%
HPE	B	0.11%
UAL	B	0.11%
KHC	F	0.11%
HLT	A	0.11%
SBUX	B	0.1%
HBAN	B	0.1%
SYF	B	0.1%
TROW	B	0.1%
FCNCA	B	0.1%
VTR	C	0.1%
AWK	D	0.1%
LDOS	B	0.1%
NVR	D	0.1%
SW	C	0.1%
LYB	F	0.09%
WBD	B	0.09%
TDY	A	0.09%
WDC	D	0.09%
CINF	A	0.09%
EQT	B	0.09%
LNG	B	0.09%
RF	B	0.09%
IFF	F	0.09%
YUM	B	0.09%
FE	D	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%
PFG	C	0.08%
ARE	F	0.08%
IP	C	0.08%
CMS	C	0.08%
OMC	B	0.08%
COO	D	0.08%
HOOD	B	0.08%
INVH	D	0.08%
CFG	B	0.08%
CBOE	D	0.08%
NTRS	A	0.08%
EXE	A	0.08%
APO	B	0.08%
ZM	B	0.08%
ES	D	0.08%
ATO	A	0.08%
CVNA	B	0.07%
KEY	B	0.07%
BAX	F	0.07%
WRB	B	0.07%
UTHR	B	0.07%
CSL	B	0.07%
IBKR	A	0.07%
WSO	A	0.07%
RS	B	0.07%
BALL	D	0.07%
SNA	A	0.07%
LUV	B	0.07%
MSCI	B	0.07%
CNP	B	0.07%
ESS	C	0.07%
TRU	D	0.07%
EME	B	0.06%
COHR	B	0.06%
UDR	C	0.06%
SYY	B	0.06%
GGG	B	0.06%
RGA	A	0.06%
CW	B	0.06%
AMCR	D	0.06%
LNT	C	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%
AVTR	F	0.06%
USFD	A	0.06%
VTRS	B	0.06%
SUI	D	0.06%
THC	B	0.06%
FNF	C	0.06%
DOC	C	0.06%
MRO	B	0.06%
SSNC	C	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%
OC	A	0.06%
TSN	C	0.06%
DG	F	0.06%
RRX	C	0.05%
Z	B	0.05%
FDS	A	0.05%
NRG	B	0.05%
EMN	D	0.05%
BJ	B	0.05%
SJM	F	0.05%
TPR	B	0.05%
UHS	D	0.05%
NTNX	B	0.05%
BG	D	0.05%
WPC	F	0.05%
FTI	B	0.05%
SCI	B	0.05%
DLTR	F	0.05%
UNM	A	0.05%
AMH	C	0.05%
CACI	C	0.05%
HST	C	0.05%
ITT	A	0.05%
TWLO	A	0.05%
CASY	B	0.05%
BMRN	F	0.05%
NVT	B	0.05%
GLPI	D	0.05%
BXP	D	0.05%
JKHY	C	0.05%
ELS	C	0.05%
CLH	B	0.05%
RPM	A	0.05%
EG	D	0.05%
CAG	F	0.05%
REG	A	0.05%
RNR	D	0.05%
SWK	F	0.05%
EVRG	A	0.05%
EWBC	B	0.05%
ZTS	D	0.05%
ORI	A	0.04%
PNFP	B	0.04%
BRBR	A	0.04%
TW	C	0.04%
X	C	0.04%
CNH	D	0.04%
CMA	A	0.04%
GME	C	0.04%
REXR	F	0.04%
DCI	A	0.04%
KNX	B	0.04%
DRI	B	0.04%
FRT	C	0.04%
DTM	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%
INGR	B	0.04%
RGLD	C	0.04%
WBS	A	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%
RPRX	F	0.04%
AYI	B	0.04%
FOXA	A	0.04%
OHI	C	0.04%
DKS	F	0.04%
EHC	A	0.04%
CIEN	B	0.04%
ARMK	B	0.04%
ALSN	A	0.04%
PRI	A	0.04%
DPZ	C	0.04%
PNW	B	0.04%
TAP	B	0.04%
DOX	C	0.04%
WWD	B	0.04%
BLD	F	0.04%
FWONK	A	0.04%
CTLT	D	0.04%
AFRM	B	0.04%
FHN	A	0.04%
CUBE	D	0.04%
DAY	C	0.04%
AIZ	A	0.04%
CCK	D	0.04%
KMX	C	0.04%
EVR	B	0.04%
NWSA	B	0.04%
IPG	F	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%
MAT	C	0.03%
FND	F	0.03%
HRB	D	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%
CE	F	0.03%
GNTX	C	0.03%
CGNX	C	0.03%
R	A	0.03%
GXO	B	0.03%
ELAN	D	0.03%
FR	C	0.03%
BIO	C	0.03%
AGNC	C	0.03%
PB	B	0.03%
FCN	F	0.03%
ATI	D	0.03%
SSD	D	0.03%
OSK	B	0.03%
VFC	C	0.03%
MKSI	C	0.03%
ESAB	B	0.03%
FMC	F	0.03%
COKE	C	0.03%
CHE	D	0.03%
MIDD	C	0.03%
SKX	F	0.03%
KEX	B	0.03%
ADC	A	0.03%
DASH	A	0.03%
JAZZ	B	0.03%
BWA	B	0.03%
MTSI	B	0.03%
PR	C	0.03%
RHI	B	0.03%
SAIC	C	0.03%
BERY	C	0.03%
RRC	B	0.03%
NNN	F	0.03%
FLS	B	0.03%
MTCH	F	0.03%
ROKU	C	0.03%
APA	F	0.03%
WYNN	F	0.03%
HII	D	0.03%
VNO	C	0.03%
G	B	0.03%
ACI	C	0.03%
SEIC	A	0.03%
LBRDK	C	0.03%
SNV	B	0.03%
TKO	D	0.03%
CFR	B	0.03%
CART	C	0.03%
CHRD	F	0.03%
CBSH	A	0.03%
VOYA	B	0.03%
WTFC	B	0.03%
LAMR	D	0.03%
AAL	B	0.03%
ZION	B	0.03%
FYBR	D	0.03%
AR	B	0.03%
LECO	C	0.03%
APG	B	0.03%
COIN	B	0.03%
OGE	B	0.03%
EGP	C	0.03%
BRX	A	0.03%
CR	B	0.03%
MGM	D	0.03%
GWRE	A	0.03%
RIVN	D	0.03%
JLL	C	0.03%
CZR	F	0.03%
GPK	D	0.03%
KBR	B	0.03%
AXTA	A	0.03%
CPB	F	0.03%
HRL	F	0.03%
ALLY	C	0.03%
HLI	B	0.03%
TTC	F	0.03%
WCC	B	0.03%
JEF	A	0.03%
ADP	A	0.03%
NYT	C	0.03%
BWXT	A	0.03%
GMED	B	0.03%
MTZ	B	0.03%
RBC	B	0.03%
VNOM	C	0.02%
ALNY	D	0.02%
DXC	B	0.02%
IAC	F	0.02%
HOG	F	0.02%
RH	C	0.02%
FLO	F	0.02%
ASH	F	0.02%
CLF	D	0.02%
MSM	B	0.02%
KMPR	A	0.02%
OGN	F	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%
GAP	B	0.02%
DLB	C	0.02%
AWI	B	0.02%
WLK	F	0.02%
GFS	C	0.02%
SLGN	A	0.02%
EEFT	C	0.02%
DBX	B	0.02%
AGO	B	0.02%
RYN	F	0.02%
WTM	A	0.02%
CUZ	C	0.02%
KRC	C	0.02%
AMP	A	0.02%
AL	B	0.02%
OZK	B	0.02%
CROX	F	0.02%
ST	F	0.02%
FRPT	B	0.02%
TKR	F	0.02%
UGI	D	0.02%
BYD	A	0.02%
SON	D	0.02%
SLM	B	0.02%
ROIV	C	0.02%
AVT	C	0.02%
HXL	D	0.02%
WSC	F	0.02%
PSN	B	0.02%
OLN	D	0.02%
CCCS	B	0.02%
NFG	C	0.02%
LEA	F	0.02%
POST	D	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%
THG	A	0.02%
BFAM	F	0.02%
JHG	B	0.02%
AGCO	F	0.02%
FNB	A	0.02%
BC	C	0.02%
IDA	A	0.02%
PVH	C	0.02%
AMG	B	0.02%
H	B	0.02%
WHR	B	0.02%
LNC	B	0.02%
BILL	A	0.02%
WMS	F	0.02%
BEN	C	0.02%
SAIA	B	0.02%
OLLI	C	0.02%
STWD	D	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%
COLB	B	0.02%
SIRI	D	0.02%
ARW	F	0.02%
FAF	C	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%
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%
WU	F	0.01%
ADT	B	0.01%
RKT	F	0.01%
CWEN	D	0.01%
BR	A	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%
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%
CC	C	0.01%
COTY	F	0.01%
CXT	D	0.01%
COLM	B	0.01%
VIRT	B	0.01%
SEE	C	0.01%
LLYVK	B	0.01%
CNM	D	0.01%
MPW	F	0.01%
PAG	B	0.01%
NSA	D	0.01%
PK	B	0.01%
MAN	F	0.01%
PENN	B	0.01%
SMG	D	0.01%
AMKR	F	0.01%
AMED	F	0.01%
BROS	B	0.01%
BHF	B	0.01%
NXST	C	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%
MASI	B	0.01%
ZG	B	0.01%
EPR	D	0.01%
U	F	0.01%
LOPE	B	0.01%
FHB	B	0.01%
NVST	C	0.01%
HIW	D	0.01%
PII	F	0.01%
PRGO	C	0.01%
XRAY	F	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%
NEU	C	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%
HAS	D	0.0%
AS	B	0.0%
DV	C	0.0%
LLYVA	B	0.0%
DDS	C	0.0%
WOLF	F	0.0%

IWD Underweight 40 Positions Relative to SPUS

Symbol	Grade	Weight
AAPL	C	-11.03%
NVDA	B	-10.94%
MSFT	C	-9.92%
AMZN	A	-5.98%
META	B	-4.0%
GOOGL	B	-3.24%
GOOG	B	-2.68%
AVGO	C	-2.56%
TSLA	B	-2.2%
LLY	F	-2.08%
MRK	F	-0.84%
ADBE	C	-0.7%
NOW	A	-0.64%
ISRG	A	-0.59%
UBER	F	-0.5%
PANW	A	-0.38%
ANET	C	-0.33%
LRCX	F	-0.32%
KLAC	F	-0.29%
WM	A	-0.26%
CDNS	B	-0.26%
SNPS	B	-0.26%
NXPI	F	-0.2%
ADSK	A	-0.2%
ODFL	B	-0.13%
IT	A	-0.13%
COR	A	-0.13%
LULU	C	-0.12%
MPWR	F	-0.12%
IDXX	D	-0.11%
DXCM	C	-0.09%
TSCO	C	-0.09%
DECK	B	-0.08%
EXPE	B	-0.07%
CLX	A	-0.07%
PODD	B	-0.05%
ENPH	F	-0.04%
SMCI	F	-0.04%
ROL	B	-0.04%
POOL	D	-0.04%