IWD vs. USCL ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

$193.82

Average Daily Volume

1,525,194

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.39

Average Daily Volume

2,782

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	IWD	USCL
30 Days	1.01%	3.00%
60 Days	4.67%	6.71%
90 Days	6.87%	8.46%
12 Months	28.05%	36.12%

242 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in USCL	Overlap
	A	F	0.15%	0.11%	0.11%
	ABBV	F	0.77%	0.95%	0.77%
	ABT	C	0.78%	0.54%	0.54%
	ACGL	C	0.14%	0.1%	0.1%
	ACM	B	0.06%	0.04%	0.04%
	ACN	B	0.86%	0.61%	0.61%
	ADI	D	0.43%	0.3%	0.3%
	ADP	A	0.03%	0.34%	0.03%
	AEP	D	0.2%	0.14%	0.14%
	AIG	B	0.19%	0.14%	0.14%
	AJG	A	0.23%	0.17%	0.17%
	AKAM	F	0.05%	0.04%	0.04%
	ALB	C	0.05%	0.03%	0.03%
	AMD	F	0.31%	0.65%	0.31%
	AME	A	0.17%	0.12%	0.12%
	AMGN	F	0.15%	0.47%	0.15%
	ANSS	B	0.11%	0.08%	0.08%
	AON	B	0.29%	0.2%	0.2%
	APO	B	0.08%	0.17%	0.08%
	ARE	F	0.08%	0.05%	0.05%
	ATO	B	0.08%	0.06%	0.06%
	AVB	B	0.13%	0.09%	0.09%
	AVY	F	0.04%	0.04%	0.04%
	AWK	D	0.1%	0.07%	0.07%
	AXP	B	0.39%	0.45%	0.39%
	AZPN	A	0.03%	0.02%	0.02%
	BAC	A	1.18%	0.85%	0.85%
	BALL	D	0.07%	0.05%	0.05%
	BIIB	F	0.1%	0.07%	0.07%
	BK	B	0.22%	0.15%	0.15%
	BKNG	A	0.04%	0.45%	0.04%
	BKR	B	0.16%	0.12%	0.12%
	BLK	A	0.59%	0.41%	0.41%
	BMY	B	0.42%	0.3%	0.3%
	BR	A	0.01%	0.07%	0.01%
	BSX	A	0.5%	0.34%	0.34%
	BXP	D	0.05%	0.03%	0.03%
	CAT	B	0.63%	0.54%	0.54%
	CB	C	0.44%	0.29%	0.29%
	CBOE	D	0.08%	0.06%	0.06%
	CBRE	B	0.16%	0.11%	0.11%
	CCI	F	0.18%	0.12%	0.12%
	CCK	D	0.04%	0.03%	0.03%
	CEG	D	0.24%	0.2%	0.2%
	CG	B	0.04%	0.03%	0.03%
	CHD	A	0.1%	0.07%	0.07%
	CHTR	B	0.14%	0.1%	0.1%
	CL	F	0.13%	0.19%	0.13%
	CMCSA	B	0.65%	0.47%	0.47%
	CME	B	0.31%	0.21%	0.21%
	CMI	A	0.19%	0.13%	0.13%
	COP	C	0.5%	0.35%	0.35%
	CPB	F	0.03%	0.02%	0.02%
	CPRT	A	0.01%	0.13%	0.01%
	CRH	B	0.27%	0.19%	0.19%
	CRL	C	0.04%	0.03%	0.03%
	CRM	B	0.18%	0.81%	0.18%
	CSCO	A	0.91%	0.63%	0.63%
	CSL	B	0.07%	0.06%	0.06%
	CSX	B	0.27%	0.19%	0.19%
	CTAS	B	0.02%	0.22%	0.02%
	CTLT	D	0.04%	0.03%	0.03%
	CTSH	A	0.15%	0.11%	0.11%
	CTVA	C	0.16%	0.11%	0.11%
	CVS	F	0.27%	0.19%	0.19%
	CVX	A	1.04%	0.74%	0.74%
	D	D	0.19%	0.13%	0.13%
	DAY	B	0.04%	0.03%	0.03%
	DD	D	0.14%	0.1%	0.1%
	DE	D	0.38%	0.29%	0.29%
	DELL	C	0.12%	0.11%	0.11%
	DFS	B	0.17%	0.12%	0.12%
	DHR	F	0.61%	0.44%	0.44%
	DIS	B	0.7%	0.49%	0.49%
	DLR	C	0.23%	0.16%	0.16%
	DOC	C	0.06%	0.04%	0.04%
	DOV	A	0.11%	0.08%	0.08%
	DUK	D	0.34%	0.23%	0.23%
	EBAY	C	0.12%	0.08%	0.08%
	ECL	C	0.03%	0.17%	0.03%
	ED	D	0.13%	0.09%	0.09%
	EFX	F	0.1%	0.09%	0.09%
	EL	F	0.04%	0.04%	0.04%
	EMR	A	0.28%	0.2%	0.2%
	EOG	A	0.3%	0.2%	0.2%
	EQIX	B	0.32%	0.24%	0.24%
	EQR	C	0.11%	0.07%	0.07%
	ES	D	0.08%	0.06%	0.06%
	ETN	B	0.56%	0.39%	0.39%
	EW	F	0.12%	0.11%	0.11%
	EXC	C	0.15%	0.1%	0.1%
	EXPD	C	0.05%	0.05%	0.05%
	F	C	0.17%	0.12%	0.12%
	FANG	C	0.13%	0.09%	0.09%
	FCX	F	0.26%	0.19%	0.19%
	FDS	A	0.05%	0.05%	0.05%
	FDX	B	0.25%	0.18%	0.18%
	FI	A	0.32%	0.33%	0.32%
	FIS	B	0.19%	0.13%	0.13%
	FSLR	F	0.08%	0.05%	0.05%
	FTNT	B	0.04%	0.15%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	FWONK	A	0.04%	0.05%	0.04%
	GEN	B	0.06%	0.05%	0.05%
	GGG	B	0.06%	0.04%	0.04%
	GILD	B	0.46%	0.33%	0.33%
	GIS	F	0.14%	0.1%	0.1%
	GM	B	0.24%	0.17%	0.17%
	GPN	B	0.11%	0.08%	0.08%
	GRMN	A	0.13%	0.09%	0.09%
	GS	B	0.52%	0.51%	0.51%
	H	B	0.02%	0.02%	0.02%
	HD	B	0.31%	1.07%	0.31%
	HES	B	0.05%	0.11%	0.05%
	HIG	C	0.13%	0.09%	0.09%
	HLT	A	0.11%	0.17%	0.11%
	HPE	B	0.11%	0.08%	0.08%
	HSY	F	0.08%	0.07%	0.07%
	HUBB	C	0.1%	0.07%	0.07%
	HUM	D	0.13%	0.09%	0.09%
	IBM	D	0.75%	0.53%	0.53%
	ICE	C	0.34%	0.24%	0.24%
	IEX	B	0.07%	0.05%	0.05%
	ILMN	C	0.09%	0.07%	0.07%
	INCY	B	0.05%	0.04%	0.04%
	INTC	C	0.43%	0.3%	0.3%
	IQV	F	0.13%	0.11%	0.11%
	ITW	B	0.19%	0.22%	0.19%
	JBHT	C	0.06%	0.04%	0.04%
	JCI	A	0.22%	0.15%	0.15%
	JKHY	C	0.05%	0.04%	0.04%
	JNJ	D	1.44%	1.02%	1.02%
	JPM	A	2.61%	1.83%	1.83%
	K	A	0.08%	0.06%	0.06%
	KDP	C	0.14%	0.1%	0.1%
	KIM	A	0.06%	0.04%	0.04%
	KMB	D	0.1%	0.12%	0.1%
	KMI	B	0.2%	0.14%	0.14%
	KO	F	0.41%	0.7%	0.41%
	LH	B	0.08%	0.05%	0.05%
	LIN	D	0.85%	0.6%	0.6%
	LNT	C	0.06%	0.04%	0.04%
	MAR	A	0.25%	0.18%	0.18%
	MCD	C	0.78%	0.57%	0.57%
	MCK	B	0.17%	0.21%	0.17%
	MDLZ	F	0.34%	0.24%	0.24%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.07%	0.05%	0.05%
	MLM	B	0.14%	0.1%	0.1%
	MMC	D	0.37%	0.3%	0.3%
	MMM	C	0.23%	0.2%	0.2%
	MNST	B	0.03%	0.11%	0.03%
	MRO	B	0.06%	0.04%	0.04%
	MS	A	0.54%	0.42%	0.42%
	MTCH	F	0.03%	0.02%	0.02%
	MTD	F	0.11%	0.08%	0.08%
	NDAQ	B	0.12%	0.09%	0.09%
	NEE	D	0.61%	0.41%	0.41%
	NEM	F	0.2%	0.14%	0.14%
	NKE	F	0.13%	0.25%	0.13%
	NSC	B	0.24%	0.16%	0.16%
	NTRS	A	0.08%	0.06%	0.06%
	NUE	D	0.15%	0.1%	0.1%
	O	D	0.19%	0.13%	0.13%
	OC	A	0.06%	0.04%	0.04%
	OKE	A	0.24%	0.16%	0.16%
	OKTA	C	0.03%	0.03%	0.03%
	OXY	F	0.13%	0.09%	0.09%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	B	0.12%	0.13%	0.12%
	PCAR	B	0.23%	0.16%	0.16%
	PEG	C	0.16%	0.11%	0.11%
	PEP	D	0.18%	0.61%	0.18%
	PFE	F	0.58%	0.42%	0.42%
	PG	C	1.18%	1.04%	1.04%
	PGR	A	0.09%	0.4%	0.09%
	PLD	D	0.41%	0.28%	0.28%
	PNR	A	0.07%	0.05%	0.05%
	PPG	F	0.11%	0.08%	0.08%
	PTC	B	0.03%	0.06%	0.03%
	PWR	B	0.13%	0.13%	0.13%
	PYPL	A	0.33%	0.22%	0.22%
	QCOM	F	0.05%	0.52%	0.05%
	REG	A	0.05%	0.04%	0.04%
	REGN	F	0.31%	0.24%	0.24%
	ROK	B	0.11%	0.09%	0.09%
	ROP	A	0.23%	0.16%	0.16%
	RPM	A	0.05%	0.05%	0.05%
	RSG	B	0.17%	0.12%	0.12%
	RVTY	C	0.06%	0.04%	0.04%
	SBUX	B	0.1%	0.29%	0.1%
	SCHW	B	0.38%	0.3%	0.3%
	SHW	A	0.03%	0.25%	0.03%
	SLB	C	0.24%	0.17%	0.17%
	SO	D	0.37%	0.26%	0.26%
	SPG	A	0.17%	0.15%	0.15%
	SPGI	C	0.61%	0.43%	0.43%
	SQ	B	0.09%	0.11%	0.09%
	SRE	B	0.22%	0.15%	0.15%
	STLD	C	0.08%	0.06%	0.06%
	STT	B	0.11%	0.08%	0.08%
	STZ	D	0.14%	0.1%	0.1%
	T	A	0.62%	0.43%	0.43%
	TAP	B	0.04%	0.03%	0.03%
	TFX	F	0.04%	0.02%	0.02%
	TGT	C	0.27%	0.19%	0.19%
	TMO	F	0.81%	0.57%	0.57%
	TMUS	A	0.44%	0.33%	0.33%
	TRMB	B	0.07%	0.05%	0.05%
	TROW	A	0.1%	0.07%	0.07%
	TRU	D	0.07%	0.06%	0.06%
	TRV	B	0.23%	0.16%	0.16%
	TT	B	0.24%	0.24%	0.24%
	TW	B	0.04%	0.04%	0.04%
	TWLO	B	0.05%	0.04%	0.04%
	TXN	B	0.68%	0.53%	0.53%
	ULTA	C	0.01%	0.05%	0.01%
	UNH	B	2.03%	1.5%	1.5%
	UNP	D	0.3%	0.4%	0.3%
	UPS	C	0.37%	0.26%	0.26%
	USB	B	0.3%	0.21%	0.21%
	VICI	D	0.13%	0.09%	0.09%
	VRTX	B	0.26%	0.35%	0.26%
	VZ	D	0.66%	0.46%	0.46%
	WAB	B	0.14%	0.1%	0.1%
	WAT	B	0.03%	0.06%	0.03%
	WELL	B	0.32%	0.22%	0.22%
	WFC	A	0.94%	0.66%	0.66%
	WMT	A	1.42%	1.0%	1.0%
	WRB	B	0.07%	0.05%	0.05%
	WSM	F	0.03%	0.05%	0.03%
	WST	B	0.04%	0.06%	0.04%
	WTRG	C	0.04%	0.03%	0.03%
	WTW	A	0.12%	0.09%	0.09%
	WY	F	0.09%	0.06%	0.06%
	WYNN	C	0.03%	0.02%	0.02%
	XEL	A	0.14%	0.1%	0.1%
	XOM	B	2.09%	1.46%	1.46%
	XYL	F	0.12%	0.08%	0.08%
	YUM	B	0.09%	0.1%	0.09%
	ZBH	C	0.08%	0.06%	0.06%
	ZTS	D	0.05%	0.21%	0.05%

IWD Overweight 622 Positions Relative to USCL

	Symbol	Grade	Weight
	BRK.A	B	3.26%
	PM	B	0.75%
	RTX	D	0.63%
	GE	D	0.61%
	LOW	B	0.6%
	C	B	0.51%
	MU	D	0.47%
	HON	B	0.46%
	MDT	D	0.43%
	SYK	A	0.37%
	MO	A	0.36%
	GEV	B	0.36%
	BA	F	0.34%
	PH	A	0.34%
	GD	C	0.33%
	LMT	D	0.32%
	ELV	F	0.32%
	PNC	B	0.31%
	CI	D	0.31%
	NOC	D	0.28%
	KKR	B	0.28%
	MRVL	B	0.28%
	APD	B	0.27%
	COF	B	0.27%
	BDX	F	0.26%
	WMB	B	0.26%
	CARR	C	0.25%
	TDG	D	0.23%
	TFC	B	0.23%
	AFL	C	0.23%
	MPC	D	0.21%
	TJX	A	0.21%
	PSX	C	0.2%
	LHX	B	0.19%
	DHI	D	0.19%
	HCA	D	0.19%
	PSA	D	0.18%
	MET	C	0.18%
	HWM	B	0.17%
	MSI	B	0.17%
	ALL	B	0.17%
	VLO	C	0.17%
	PRU	B	0.17%
	PCG	A	0.17%
	URI	B	0.17%
	KVUE	A	0.17%
	OTIS	D	0.16%
	LEN	D	0.16%
	IR	A	0.16%
	EA	A	0.16%
	MCHP	F	0.15%
	FERG	B	0.15%
	DAL	A	0.15%
	MSTR	B	0.15%
	KR	A	0.15%
	EXR	D	0.14%
	ROST	D	0.14%
	APH	B	0.14%
	GLW	B	0.14%
	DOW	F	0.13%
	GEHC	D	0.13%
	MTB	A	0.13%
	RCL	A	0.13%
	RJF	A	0.12%
	ON	F	0.12%
	TTWO	A	0.12%
	WEC	B	0.12%
	CSGP	F	0.12%
	FITB	A	0.12%
	EIX	C	0.12%
	CNC	F	0.12%
	ETR	B	0.12%
	PHM	D	0.11%
	UAL	A	0.11%
	VMC	B	0.11%
	KEYS	C	0.11%
	KHC	F	0.11%
	ADM	F	0.1%
	HBAN	A	0.1%
	SYF	B	0.1%
	HAL	C	0.1%
	FCNCA	B	0.1%
	VTR	C	0.1%
	RMD	C	0.1%
	LDOS	C	0.1%
	NVR	D	0.1%
	SW	B	0.1%
	HPQ	B	0.1%
	LYB	F	0.09%
	WBD	B	0.09%
	TDY	B	0.09%
	WDC	D	0.09%
	CINF	A	0.09%
	EQT	B	0.09%
	LNG	B	0.09%
	RF	A	0.09%
	IFF	F	0.09%
	FE	D	0.09%
	AEE	B	0.09%
	SBAC	D	0.09%
	CCL	B	0.09%
	DTE	D	0.09%
	PPL	A	0.09%
	DVN	F	0.09%
	PFG	C	0.08%
	IP	B	0.08%
	CMS	D	0.08%
	OMC	A	0.08%
	COO	D	0.08%
	HOOD	B	0.08%
	INVH	D	0.08%
	CFG	B	0.08%
	EXE	A	0.08%
	PKG	B	0.08%
	ZM	B	0.08%
	STE	D	0.08%
	GPC	D	0.07%
	CVNA	B	0.07%
	KEY	B	0.07%
	BAX	F	0.07%
	DGX	B	0.07%
	MAS	D	0.07%
	UTHR	B	0.07%
	IBKR	A	0.07%
	HOLX	D	0.07%
	CTRA	B	0.07%
	J	D	0.07%
	WSO	B	0.07%
	RS	C	0.07%
	MAA	C	0.07%
	SNA	A	0.07%
	LUV	B	0.07%
	MSCI	B	0.07%
	BBY	C	0.07%
	CNP	B	0.07%
	ESS	C	0.07%
	BLDR	C	0.07%
	SWKS	F	0.06%
	VLTO	D	0.06%
	EME	B	0.06%
	COHR	C	0.06%
	VRSN	C	0.06%
	UDR	C	0.06%
	SYY	D	0.06%
	RGA	A	0.06%
	CW	C	0.06%
	AMCR	D	0.06%
	NDSN	B	0.06%
	L	A	0.06%
	IRM	D	0.06%
	BRO	B	0.06%
	MRNA	F	0.06%
	APTV	F	0.06%
	AVTR	F	0.06%
	CF	B	0.06%
	USFD	B	0.06%
	VTRS	B	0.06%
	SUI	F	0.06%
	THC	B	0.06%
	FNF	C	0.06%
	SSNC	C	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	MKL	A	0.06%
	NI	A	0.06%
	TXT	D	0.06%
	TSN	B	0.06%
	DG	F	0.06%
	RRX	B	0.05%
	Z	B	0.05%
	TECH	D	0.05%
	NRG	C	0.05%
	EMN	D	0.05%
	BJ	B	0.05%
	SJM	F	0.05%
	TPR	A	0.05%
	UHS	D	0.05%
	CAH	B	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%
	UNM	A	0.05%
	ALLE	D	0.05%
	AMH	C	0.05%
	CACI	C	0.05%
	HST	D	0.05%
	CPT	C	0.05%
	ITT	A	0.05%
	CASY	B	0.05%
	CHRW	A	0.05%
	BMRN	F	0.05%
	NVT	C	0.05%
	JNPR	D	0.05%
	AMAT	F	0.05%
	GLPI	D	0.05%
	ELS	B	0.05%
	CLH	B	0.05%
	EG	D	0.05%
	CDW	F	0.05%
	CAG	F	0.05%
	RNR	D	0.05%
	JBL	C	0.05%
	SWK	F	0.05%
	EVRG	A	0.05%
	EWBC	B	0.05%
	FFIV	B	0.05%
	NTAP	D	0.05%
	ORI	A	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	X	D	0.04%
	CNH	D	0.04%
	CMA	A	0.04%
	GME	C	0.04%
	REXR	F	0.04%
	DCI	A	0.04%
	KNX	C	0.04%
	DRI	B	0.04%
	FRT	B	0.04%
	DTM	A	0.04%
	SNX	C	0.04%
	AES	F	0.04%
	GL	B	0.04%
	WAL	B	0.04%
	FBIN	F	0.04%
	TTEK	F	0.04%
	INGR	B	0.04%
	RGLD	C	0.04%
	WBS	A	0.04%
	NLY	C	0.04%
	SOLV	C	0.04%
	AFG	A	0.04%
	LAD	B	0.04%
	MKTX	C	0.04%
	LKQ	C	0.04%
	RPRX	F	0.04%
	AYI	A	0.04%
	FOXA	A	0.04%
	OHI	C	0.04%
	DKS	D	0.04%
	EHC	B	0.04%
	CIEN	B	0.04%
	ARMK	B	0.04%
	ALSN	B	0.04%
	PRI	B	0.04%
	DPZ	C	0.04%
	PNW	A	0.04%
	DOX	C	0.04%
	WWD	B	0.04%
	BLD	F	0.04%
	AFRM	B	0.04%
	FHN	A	0.04%
	CUBE	D	0.04%
	AIZ	A	0.04%
	KMX	B	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%
	SF	A	0.04%
	ATR	A	0.04%
	COLD	F	0.03%
	AXS	A	0.03%
	PARA	B	0.03%
	WBA	D	0.03%
	IVZ	B	0.03%
	DINO	D	0.03%
	DOCS	B	0.03%
	QRVO	F	0.03%
	MAT	C	0.03%
	FND	F	0.03%
	HRB	D	0.03%
	RGEN	C	0.03%
	WH	A	0.03%
	BBWI	C	0.03%
	HR	C	0.03%
	STAG	D	0.03%
	VMI	B	0.03%
	LSTR	B	0.03%
	RLI	A	0.03%
	WEX	D	0.03%
	ALGN	D	0.03%
	GWW	B	0.03%
	CE	F	0.03%
	GNTX	C	0.03%
	CGNX	C	0.03%
	R	B	0.03%
	GXO	B	0.03%
	ELAN	C	0.03%
	MOH	F	0.03%
	FR	D	0.03%
	BIO	C	0.03%
	AGNC	C	0.03%
	PB	B	0.03%
	FCN	F	0.03%
	ATI	F	0.03%
	SSD	F	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	D	0.03%
	SKX	F	0.03%
	FAST	B	0.03%
	KEX	A	0.03%
	ADC	A	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%
	RHI	B	0.03%
	SAIC	D	0.03%
	BERY	D	0.03%
	RRC	B	0.03%
	NNN	F	0.03%
	FLS	B	0.03%
	ROKU	C	0.03%
	LW	B	0.03%
	APA	F	0.03%
	HII	F	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	D	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	C	0.03%
	COIN	B	0.03%
	OGE	B	0.03%
	EGP	D	0.03%
	BRX	A	0.03%
	CR	B	0.03%
	FICO	B	0.03%
	HSIC	F	0.03%
	GWRE	A	0.03%
	RIVN	F	0.03%
	JLL	C	0.03%
	CZR	F	0.03%
	GPK	D	0.03%
	KBR	D	0.03%
	AXTA	A	0.03%
	HRL	F	0.03%
	ALLY	C	0.03%
	HLI	B	0.03%
	TTC	F	0.03%
	MOS	D	0.03%
	WCC	B	0.03%
	RL	B	0.03%
	JEF	B	0.03%
	NYT	C	0.03%
	BWXT	B	0.03%
	GMED	B	0.03%
	AOS	F	0.03%
	MTZ	B	0.03%
	RBC	B	0.03%
	VNOM	C	0.02%
	ALNY	D	0.02%
	DXC	B	0.02%
	TYL	B	0.02%
	IAC	F	0.02%
	HOG	D	0.02%
	RH	C	0.02%
	FLO	F	0.02%
	ASH	F	0.02%
	CLF	F	0.02%
	MSM	C	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	C	0.02%
	GAP	B	0.02%
	DLB	D	0.02%
	AWI	B	0.02%
	WLK	F	0.02%
	GFS	C	0.02%
	SLGN	B	0.02%
	EEFT	C	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	RYN	F	0.02%
	AZO	B	0.02%
	WTM	A	0.02%
	CUZ	B	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	F	0.02%
	SLM	A	0.02%
	ROIV	D	0.02%
	AVT	C	0.02%
	HXL	F	0.02%
	WSC	F	0.02%
	PSN	C	0.02%
	OLN	F	0.02%
	CCCS	B	0.02%
	NFG	D	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	B	0.02%
	EXAS	F	0.02%
	GNRC	B	0.02%
	THG	A	0.02%
	BFAM	F	0.02%
	JHG	A	0.02%
	AGCO	F	0.02%
	FNB	B	0.02%
	BC	D	0.02%
	IDA	A	0.02%
	PVH	C	0.02%
	AMG	B	0.02%
	WHR	B	0.02%
	LNC	B	0.02%
	BILL	B	0.02%
	WMS	F	0.02%
	BEN	C	0.02%
	SAIA	B	0.02%
	OLLI	C	0.02%
	STWD	C	0.02%
	BPOP	C	0.02%
	MTDR	B	0.02%
	VNT	C	0.02%
	OMF	A	0.02%
	LFUS	D	0.02%
	KD	A	0.02%
	MTG	C	0.02%
	COLB	A	0.02%
	SIRI	C	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%
	TER	F	0.01%
	LEG	F	0.01%
	UA	B	0.01%
	INFA	F	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	D	0.01%
	UAA	B	0.01%
	CNXC	F	0.01%
	LYFT	B	0.01%
	PPC	C	0.01%
	AZEK	B	0.01%
	ALAB	C	0.01%
	PSTG	D	0.01%
	ETSY	D	0.01%
	LPX	A	0.01%
	LCID	F	0.01%
	SAM	B	0.01%
	RCM	B	0.01%
	JWN	B	0.01%
	AAP	C	0.01%
	WU	F	0.01%
	ADT	C	0.01%
	RKT	F	0.01%
	CWEN	D	0.01%
	HAYW	B	0.01%
	YETI	D	0.01%
	BRKR	F	0.01%
	QDEL	F	0.01%
	CPRI	F	0.01%
	IPGP	C	0.01%
	PINC	B	0.01%
	GLOB	B	0.01%
	SHC	D	0.01%
	AZTA	F	0.01%
	SPB	A	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	D	0.01%
	CXT	F	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	C	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	D	0.01%
	AM	B	0.01%
	IRDM	B	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	D	0.01%
	NWS	B	0.01%
	TNL	A	0.01%
	W	F	0.01%
	ACHC	F	0.01%
	ZI	C	0.01%
	DNB	B	0.01%
	PLNT	A	0.01%
	NEU	C	0.01%
	UHAL	D	0.01%
	CIVI	D	0.01%
	NWL	B	0.01%
	MSGS	B	0.01%
	LOAR	C	0.0%
	UWMC	F	0.0%
	SEG	F	0.0%
	PARAA	B	0.0%
	NFE	F	0.0%
	UHAL	D	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	C	0.0%
	UI	B	0.0%
	SEB	F	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	C	0.0%
	FWONA	B	0.0%
	PYCR	B	0.0%
	HAS	D	0.0%
	AS	B	0.0%
	DV	C	0.0%
	LLYVA	B	0.0%
	DDS	B	0.0%
	WOLF	F	0.0%

IWD Underweight 54 Positions Relative to USCL

	Symbol	Grade	Weight
	NVDA	A	-6.8%
	AAPL	C	-5.2%
	AMZN	A	-5.08%
	MSFT	C	-4.39%
	META	B	-3.5%
	GOOGL	C	-2.39%
	TSLA	B	-2.3%
	AVGO	C	-2.19%
	GOOG	C	-2.08%
	LLY	F	-1.74%
	V	A	-1.3%
	MA	B	-1.16%
	NFLX	A	-0.93%
	ORCL	A	-0.83%
	MRK	F	-0.69%
	ADBE	C	-0.6%
	NOW	A	-0.56%
	INTU	A	-0.51%
	UBER	F	-0.37%
	PANW	B	-0.34%
	BX	A	-0.34%
	PLTR	B	-0.31%
	AMT	F	-0.25%
	WM	A	-0.24%
	SNPS	C	-0.23%
	CMG	B	-0.22%
	MELI	D	-0.22%
	CDNS	B	-0.22%
	CRWD	B	-0.21%
	MCO	C	-0.21%
	ABNB	C	-0.18%
	ADSK	B	-0.18%
	WDAY	B	-0.15%
	WCN	A	-0.13%
	ODFL	B	-0.12%
	VRSK	A	-0.11%
	IT	B	-0.11%
	IDXX	F	-0.1%
	LULU	B	-0.1%
	TEAM	B	-0.1%
	SNOW	C	-0.1%
	NET	B	-0.08%
	HUBS	B	-0.08%
	DECK	B	-0.07%
	PINS	F	-0.06%
	LII	B	-0.06%
	BAH	C	-0.06%
	MANH	C	-0.05%
	ZS	B	-0.05%
	LVS	C	-0.05%
	CLX	A	-0.05%
	SNAP	C	-0.04%
	BSY	F	-0.02%
	DVA	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

USCL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Drug Manufacturers - Major Asset Management Utilities - Regulated Electric Capital Markets Semiconductors Household & Personal Products Internet Content & Information Oil & Gas E&P Software - Infrastructure Specialty Chemicals Credit Services Specialty Retail Beverages - Soft Drinks Financial Data & Stock Exchanges Information Technology Services Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Natural Gas Computing Insurance Chemical Electricity Mining Work From Home Electronics Telecommunications Real Estate Investment Trust Software Beverage Mobile Devices Software As A Service Disease Medicine Oil And Gas