IWD vs. USMF ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to WisdomTree U.S. Multifactor Fund (USMF)

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

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.37

Average Daily Volume

25,306

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	IWD	USMF
30 Days	3.53%	6.39%
60 Days	4.90%	7.88%
90 Days	6.95%	8.72%
12 Months	29.54%	32.34%

173 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in USMF	Overlap
ABBV	D	0.65%	0.37%	0.37%
ABT	B	0.78%	0.4%	0.4%
ACI	C	0.03%	0.36%	0.03%
ADP	B	0.03%	0.41%	0.03%
AEP	D	0.2%	0.27%	0.2%
AFL	B	0.24%	0.35%	0.24%
AIG	B	0.19%	0.34%	0.19%
AIZ	A	0.04%	0.36%	0.04%
AKAM	D	0.05%	0.96%	0.05%
ALL	A	0.17%	0.36%	0.17%
ALSN	B	0.04%	0.37%	0.04%
AMP	A	0.02%	0.43%	0.02%
APA	D	0.03%	0.22%	0.03%
ARMK	B	0.04%	0.69%	0.04%
AXP	A	0.39%	0.34%	0.34%
AZO	C	0.02%	0.73%	0.02%
BERY	B	0.03%	0.34%	0.03%
BMRN	D	0.05%	0.2%	0.05%
BMY	B	0.44%	0.36%	0.36%
BR	A	0.01%	0.39%	0.01%
BRK.A	B	3.35%	0.37%	0.37%
BRO	B	0.06%	0.36%	0.06%
BSX	B	0.5%	0.42%	0.42%
CACI	D	0.04%	0.43%	0.04%
CAG	D	0.05%	0.26%	0.05%
CAH	B	0.05%	0.44%	0.05%
CBOE	B	0.08%	0.33%	0.08%
CBSH	A	0.03%	0.31%	0.03%
CCK	C	0.04%	0.37%	0.04%
CHE	D	0.03%	0.37%	0.03%
CI	F	0.32%	0.28%	0.28%
CINF	A	0.09%	0.36%	0.09%
CL	D	0.13%	0.29%	0.13%
CMCSA	B	0.64%	0.93%	0.64%
CME	A	0.32%	0.37%	0.32%
CNA	B	0.0%	0.35%	0.0%
CNC	D	0.12%	0.25%	0.12%
COP	C	0.51%	0.4%	0.4%
CRM	B	0.18%	0.99%	0.18%
CRUS	D	0.02%	0.5%	0.02%
CTSH	B	0.15%	1.38%	0.15%
DBX	B	0.02%	1.02%	0.02%
DE	A	0.39%	0.31%	0.31%
DGX	A	0.07%	0.41%	0.07%
DINO	D	0.03%	0.25%	0.03%
DIS	B	0.82%	0.82%	0.82%
DOV	A	0.11%	0.39%	0.11%
DRI	B	0.04%	0.79%	0.04%
DUK	C	0.34%	0.3%	0.3%
DVN	F	0.09%	0.31%	0.09%
EA	A	0.17%	1.11%	0.17%
EBAY	D	0.12%	0.68%	0.12%
ECL	D	0.03%	0.45%	0.03%
EHC	B	0.04%	0.44%	0.04%
EIX	B	0.12%	0.28%	0.12%
ELS	C	0.05%	0.32%	0.05%
ELV	F	0.3%	0.3%	0.3%
EME	C	0.05%	0.34%	0.05%
EOG	A	0.3%	0.42%	0.3%
EPAM	C	0.05%	0.76%	0.05%
ETR	B	0.12%	0.4%	0.12%
EWBC	A	0.06%	0.32%	0.06%
EXEL	B	0.01%	0.43%	0.01%
FCN	D	0.03%	0.24%	0.03%
FCNCA	A	0.1%	0.28%	0.1%
FDX	B	0.26%	0.26%	0.26%
FFIV	B	0.05%	1.31%	0.05%
FI	A	0.32%	0.42%	0.32%
FICO	B	0.03%	1.08%	0.03%
FMC	D	0.03%	0.18%	0.03%
FOXA	B	0.04%	1.09%	0.04%
FRT	B	0.04%	0.3%	0.04%
FSLR	F	0.08%	0.48%	0.08%
FTNT	C	0.04%	0.88%	0.04%
GAP	C	0.02%	0.35%	0.02%
GEN	B	0.06%	1.03%	0.06%
GILD	C	0.43%	0.43%	0.43%
GIS	D	0.14%	0.27%	0.14%
GL	B	0.04%	0.14%	0.04%
GLPI	C	0.05%	0.32%	0.05%
GM	B	0.25%	0.63%	0.25%
GPK	C	0.03%	0.38%	0.03%
HAL	C	0.1%	0.33%	0.1%
HCA	F	0.19%	0.31%	0.19%
HIG	B	0.13%	0.39%	0.13%
HII	D	0.03%	0.23%	0.03%
HOLX	D	0.07%	0.42%	0.07%
HPQ	B	0.11%	0.93%	0.11%
HRB	D	0.03%	0.6%	0.03%
IBKR	A	0.07%	0.4%	0.07%
IBM	C	0.73%	1.32%	0.73%
INFA	D	0.01%	0.66%	0.01%
INGR	B	0.04%	0.4%	0.04%
IPG	D	0.04%	0.75%	0.04%
J	F	0.07%	0.34%	0.07%
JNJ	D	1.45%	0.42%	0.42%
JNPR	F	0.05%	1.0%	0.05%
JPM	A	2.74%	0.39%	0.39%
KHC	F	0.11%	0.26%	0.11%
KMB	D	0.1%	0.31%	0.1%
KR	B	0.15%	0.34%	0.15%
L	A	0.06%	0.39%	0.06%
LDOS	C	0.08%	0.52%	0.08%
LH	C	0.08%	0.38%	0.08%
LHX	C	0.18%	0.36%	0.18%
LMT	D	0.3%	0.4%	0.3%
LPX	B	0.01%	0.29%	0.01%
MAS	D	0.07%	0.28%	0.07%
MCK	B	0.17%	0.46%	0.17%
MKL	A	0.07%	0.33%	0.07%
MMM	D	0.23%	0.21%	0.21%
MO	A	0.37%	0.34%	0.34%
MPC	D	0.22%	0.29%	0.22%
MRO	B	0.06%	0.35%	0.06%
MSA	D	0.02%	0.34%	0.02%
MSI	B	0.16%	1.52%	0.16%
MTB	A	0.14%	0.32%	0.14%
MTG	C	0.03%	0.29%	0.03%
NNN	D	0.03%	0.31%	0.03%
NTAP	C	0.05%	0.79%	0.05%
NTNX	A	0.05%	0.64%	0.05%
NTRS	A	0.08%	0.33%	0.08%
NYT	C	0.03%	0.88%	0.03%
OGE	B	0.03%	0.34%	0.03%
ORI	A	0.04%	0.35%	0.04%
ORLY	B	0.02%	0.82%	0.02%
PAYC	B	0.02%	0.23%	0.02%
PCAR	B	0.22%	0.37%	0.22%
PCG	A	0.17%	0.31%	0.17%
PG	A	1.21%	0.32%	0.32%
PGR	A	0.09%	0.35%	0.09%
PNW	B	0.04%	0.3%	0.04%
POST	C	0.02%	0.3%	0.02%
PPC	C	0.01%	0.37%	0.01%
PRI	A	0.04%	0.35%	0.04%
PYPL	B	0.34%	0.23%	0.23%
REGN	F	0.28%	0.28%	0.28%
REYN	D	0.01%	0.3%	0.01%
RGA	A	0.06%	0.34%	0.06%
RJF	A	0.12%	0.4%	0.12%
RLI	B	0.03%	0.36%	0.03%
ROP	B	0.23%	1.35%	0.23%
RSG	A	0.17%	0.4%	0.17%
SAIC	F	0.02%	0.3%	0.02%
SNX	C	0.03%	1.17%	0.03%
SSNC	B	0.06%	0.36%	0.06%
SYF	B	0.1%	0.32%	0.1%
SYY	B	0.06%	0.31%	0.06%
T	A	0.63%	1.05%	0.63%
TAP	C	0.04%	0.32%	0.04%
TDY	B	0.08%	1.34%	0.08%
THC	D	0.06%	0.28%	0.06%
TJX	A	0.22%	0.85%	0.22%
TMO	F	0.76%	0.31%	0.31%
TMUS	B	0.44%	1.29%	0.44%
TRV	B	0.23%	0.37%	0.23%
TYL	B	0.01%	1.12%	0.01%
UHS	D	0.05%	0.31%	0.05%
UNM	A	0.05%	0.38%	0.05%
UTHR	C	0.06%	0.41%	0.06%
VICI	C	0.13%	0.31%	0.13%
VLO	C	0.17%	0.32%	0.17%
VOYA	B	0.03%	0.35%	0.03%
VRSN	F	0.06%	1.43%	0.06%
VTRS	A	0.06%	0.32%	0.06%
VZ	C	0.68%	0.87%	0.68%
WFC	A	1.01%	0.39%	0.39%
WMT	A	1.42%	0.35%	0.35%
WPC	D	0.05%	0.27%	0.05%
WRB	A	0.07%	0.33%	0.07%
XOM	B	2.08%	0.43%	0.43%
ZBH	C	0.09%	0.38%	0.09%
ZM	B	0.08%	1.07%	0.08%

IWD Overweight 692 Positions Relative to USMF

Symbol	Grade	Weight
UNH	C	1.98%
BAC	A	1.23%
CVX	A	1.08%
CSCO	B	0.91%
ACN	C	0.86%
LIN	D	0.84%
PM	B	0.78%
MCD	D	0.77%
TXN	C	0.63%
CAT	B	0.63%
NEE	D	0.61%
SPGI	C	0.61%
RTX	C	0.61%
LOW	D	0.6%
BLK	C	0.6%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
PFE	D	0.55%
GS	A	0.53%
C	A	0.51%
HON	B	0.49%
CB	C	0.45%
MDT	D	0.44%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
INTC	D	0.4%
SYK	C	0.39%
UPS	C	0.38%
MMC	B	0.37%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
ICE	C	0.34%
HD	A	0.32%
WELL	A	0.32%
PNC	B	0.32%
GD	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
USB	A	0.3%
AMD	F	0.29%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
EMR	A	0.28%
NOC	D	0.27%
CSX	B	0.27%
WMB	A	0.27%
MRVL	B	0.27%
COF	B	0.27%
APD	A	0.27%
TGT	F	0.27%
CVS	D	0.26%
CRH	A	0.26%
MAR	B	0.25%
OKE	A	0.25%
BDX	F	0.25%
TT	A	0.24%
FCX	D	0.24%
SLB	C	0.24%
TFC	A	0.24%
CARR	D	0.24%
DLR	B	0.23%
SRE	A	0.23%
NSC	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
VRTX	F	0.23%
JCI	C	0.22%
BK	A	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
DHI	D	0.19%
D	C	0.19%
MET	A	0.19%
O	D	0.19%
FIS	C	0.19%
CMI	A	0.19%
MSTR	C	0.19%
PSA	D	0.18%
CCI	D	0.18%
KVUE	A	0.18%
PRU	A	0.18%
PEP	F	0.18%
NEM	D	0.18%
HWM	A	0.17%
BKR	B	0.17%
F	C	0.17%
SPG	B	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	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%
A	D	0.15%
FERG	B	0.15%
STZ	D	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
APH	A	0.14%
NKE	D	0.14%
NUE	C	0.14%
KDP	D	0.14%
ROST	C	0.14%
GLW	B	0.14%
RCL	A	0.14%
CHTR	C	0.14%
ACGL	D	0.14%
GRMN	B	0.13%
NDAQ	A	0.13%
AVB	B	0.13%
PWR	A	0.13%
EW	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
MCHP	D	0.13%
FANG	D	0.13%
ED	D	0.13%
AMGN	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
WAB	B	0.13%
DD	D	0.13%
EXR	D	0.13%
GPN	B	0.12%
HLT	A	0.12%
ROK	B	0.12%
UAL	A	0.12%
DELL	C	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
DOW	F	0.12%
WTW	B	0.12%
FITB	A	0.12%
SQ	B	0.11%
HPE	B	0.11%
VMC	B	0.11%
EQR	B	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
XYL	D	0.11%
PAYX	C	0.11%
RMD	C	0.1%
DTE	C	0.1%
PPL	B	0.1%
MTD	D	0.1%
SBUX	A	0.1%
ADM	D	0.1%
HBAN	A	0.1%
VTR	C	0.1%
NVR	D	0.1%
KEYS	A	0.1%
TROW	B	0.1%
AWK	D	0.1%
FTV	C	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%
YUM	B	0.09%
BIIB	F	0.09%
HUBB	B	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
FE	C	0.09%
RF	A	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%
PFG	D	0.08%
BBY	D	0.08%
IP	B	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
HSY	F	0.08%
HOOD	B	0.08%
ILMN	D	0.08%
LYB	F	0.08%
EXE	B	0.08%
APO	B	0.08%
STE	F	0.08%
ES	D	0.08%
ATO	A	0.08%
OC	A	0.07%
CVNA	B	0.07%
GPC	D	0.07%
TRMB	B	0.07%
IEX	B	0.07%
PNR	A	0.07%
TRU	D	0.07%
CSL	C	0.07%
RS	B	0.07%
KEY	B	0.07%
WSO	A	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
MSCI	C	0.07%
BLDR	D	0.07%
ESS	B	0.07%
EVRG	A	0.06%
EXPD	D	0.06%
HES	B	0.06%
APTV	D	0.06%
IRM	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
UDR	B	0.06%
DOC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
GGG	B	0.06%
SUI	D	0.06%
ZBRA	B	0.06%
TOL	B	0.06%
LNT	A	0.06%
FNF	B	0.06%
CF	B	0.06%
TXT	D	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
SOFI	A	0.05%
CDW	F	0.05%
FDS	B	0.05%
EMN	D	0.05%
MRNA	F	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	0.05%
FTI	A	0.05%
ALLE	D	0.05%
ALB	C	0.05%
CASY	A	0.05%
BXP	D	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%
CHRW	C	0.05%
DLTR	F	0.05%
JBL	B	0.05%
TPR	B	0.05%
AFRM	B	0.05%
SWK	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
RNR	C	0.05%
EG	C	0.05%
SWKS	F	0.05%
RVTY	F	0.05%
REG	B	0.05%
CW	B	0.05%
VLTO	D	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%
CMA	A	0.04%
BWXT	B	0.04%
FBIN	D	0.04%
DCI	B	0.04%
RGLD	C	0.04%
JEF	A	0.04%
SOLV	C	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%
DTM	B	0.04%
WAL	B	0.04%
WTRG	B	0.04%
AES	F	0.04%
NLY	C	0.04%
AVY	D	0.04%
OHI	C	0.04%
AFG	A	0.04%
GME	C	0.04%
LAD	A	0.04%
RPRX	D	0.04%
DKS	C	0.04%
DAY	B	0.04%
LKQ	D	0.04%
AYI	B	0.04%
BLD	D	0.04%
WWD	B	0.04%
WBS	A	0.04%
BKNG	A	0.04%
TECH	D	0.04%
EVR	B	0.04%
CTLT	B	0.04%
CUBE	D	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
PFGC	B	0.04%
SJM	D	0.04%
ATR	B	0.04%
QCOM	F	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	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%
BJ	A	0.04%
OVV	B	0.04%
COLB	A	0.03%
CGNX	C	0.03%
FAF	A	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%
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%
FND	C	0.03%
MTSI	B	0.03%
GXO	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%
R	B	0.03%
ESAB	B	0.03%
VFC	C	0.03%
OSK	B	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%
FAST	B	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	A	0.03%
ROKU	D	0.03%
DASH	A	0.03%
MNST	C	0.03%
RHI	B	0.03%
JAZZ	B	0.03%
ADC	B	0.03%
KEX	C	0.03%
PR	B	0.03%
FLS	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%
CZR	F	0.03%
SNV	B	0.03%
X	C	0.03%
TKO	B	0.03%
SEIC	B	0.03%
APG	B	0.03%
CFR	B	0.03%
LECO	B	0.03%
LAMR	D	0.03%
WAT	B	0.03%
RIVN	F	0.03%
CPB	D	0.03%
EGP	F	0.03%
RL	B	0.03%
MTZ	B	0.03%
CR	A	0.03%
JLL	D	0.03%
MOS	F	0.03%
TTC	D	0.03%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	0.03%
WYNN	D	0.03%
GWRE	A	0.03%
ALLY	C	0.03%
ZION	B	0.03%
BRX	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
MGM	D	0.03%
AOS	F	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%
OGN	D	0.02%
LINE	F	0.02%
SITE	D	0.02%
HOG	D	0.02%
FLO	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
GFS	C	0.02%
DLB	B	0.02%
M	D	0.02%
AN	C	0.02%
WLK	D	0.02%
KMPR	B	0.02%
AWI	A	0.02%
RYN	D	0.02%
SLGN	A	0.02%
PSN	D	0.02%
WSC	D	0.02%
EEFT	B	0.02%
KRC	C	0.02%
CUZ	B	0.02%
AGO	B	0.02%
ST	F	0.02%
FRPT	B	0.02%
AVT	C	0.02%
CROX	D	0.02%
ROIV	C	0.02%
OLN	D	0.02%
TKR	D	0.02%
WTM	A	0.02%
HXL	D	0.02%
BYD	C	0.02%
SON	D	0.02%
AL	B	0.02%
UGI	A	0.02%
BFAM	D	0.02%
OZK	B	0.02%
SLM	A	0.02%
SN	D	0.02%
CCCS	B	0.02%
LEA	D	0.02%
LITE	B	0.02%
EXAS	D	0.02%
GNRC	B	0.02%
RITM	C	0.02%
BC	C	0.02%
THO	B	0.02%
NFG	A	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%
JHG	A	0.02%
SAIA	B	0.02%
THG	A	0.02%
AGCO	D	0.02%
AMG	B	0.02%
ONTO	D	0.02%
LNC	B	0.02%
FNB	A	0.02%
VNT	B	0.02%
LFUS	F	0.02%
IDA	A	0.02%
WHR	B	0.02%
RGEN	D	0.02%
CE	F	0.02%
S	B	0.02%
STWD	C	0.02%
ARW	D	0.02%
WBA	F	0.02%
BEN	C	0.02%
BIO	D	0.02%
QRVO	F	0.02%
MTDR	B	0.02%
BPOP	B	0.02%
OMF	A	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%
MAT	D	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
DDS	B	0.01%
SNDR	B	0.01%
TRIP	F	0.01%
TER	D	0.01%
FTRE	D	0.01%
LEG	F	0.01%
WEN	D	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%
QDEL	F	0.01%
AZEK	A	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
KSS	F	0.01%
LCID	F	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%
RCM	F	0.01%
AAP	C	0.01%
CWEN	C	0.01%
WU	D	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%
CC	C	0.01%
CXT	B	0.01%
COTY	F	0.01%
SEE	C	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%
MAN	D	0.01%
SNRE	D	0.01%
PAG	B	0.01%
NSA	D	0.01%
LLYVK	A	0.01%
PK	B	0.01%
NXST	C	0.01%
IRDM	D	0.01%
BROS	B	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
SMG	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%
HIW	D	0.01%
EPR	D	0.01%
MASI	A	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	A	0.01%
PII	D	0.01%
ACHC	F	0.01%
FHB	A	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%
PRGO	B	0.01%
VNOM	A	0.01%
TNL	A	0.01%
XRAY	F	0.01%
CIVI	D	0.01%
NWL	B	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	0.01%
NEU	C	0.01%
RH	B	0.01%
DXC	B	0.01%
PLNT	A	0.01%
CTAS	B	0.01%
OLED	D	0.01%
MSM	C	0.01%
ASH	D	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%
PYCR	C	0.0%
HAS	D	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 26 Positions Relative to USMF

Symbol	Grade	Weight
APP	B	-1.61%
GDDY	A	-1.49%
DOCU	A	-1.02%
CVLT	B	-1.01%
DT	C	-0.92%
TXRH	C	-0.81%
WDAY	B	-0.81%
MUSA	A	-0.74%
LVS	C	-0.7%
EXPE	B	-0.53%
COR	B	-0.49%
WM	A	-0.42%
ADTN	A	-0.4%
ANF	C	-0.39%
VRSK	A	-0.38%
MRK	F	-0.34%
MLI	C	-0.34%
BAH	F	-0.31%
RYAN	B	-0.29%
SFM	A	-0.29%
CRS	A	-0.29%
DVA	B	-0.27%
NBIX	C	-0.25%
HALO	F	-0.23%
AMT	D	-0.22%
LNTH	D	-0.13%