IWD vs. VCIT ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$80.82

Average Daily Volume

6,660,767

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VCIT
30 Days	1.01%	-1.90%
60 Days	4.67%	-2.86%
90 Days	6.87%	-0.93%
12 Months	28.05%	9.85%

399 Overlapping Holdings

	Symbol	Grade	Weight in IWD	Weight in VCIT	Overlap
	A	F	0.15%	0.02%	0.02%
	AAL	B	0.03%	0.01%	0.01%
	AAP	C	0.01%	0.01%	0.01%
	ABBV	F	0.77%	0.13%	0.13%
	ABT	C	0.78%	0.02%	0.02%
	ACGL	C	0.14%	0.03%	0.03%
	ADC	A	0.03%	0.01%	0.01%
	ADI	D	0.43%	0.04%	0.04%
	ADM	F	0.1%	0.05%	0.05%
	ADP	A	0.03%	0.04%	0.03%
	AEE	B	0.09%	0.01%	0.01%
	AEP	D	0.2%	0.01%	0.01%
	AES	F	0.04%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	C	0.23%	0.01%	0.01%
	AGO	B	0.02%	0.03%	0.02%
	AGR	C	0.01%	0.04%	0.01%
	AIG	B	0.19%	0.02%	0.02%
	AIZ	A	0.04%	0.02%	0.02%
	AL	B	0.02%	0.01%	0.01%
	ALL	B	0.17%	0.02%	0.02%
	ALLE	D	0.05%	0.02%	0.02%
	AMAT	F	0.05%	0.04%	0.04%
	AMCR	D	0.06%	0.01%	0.01%
	AMG	B	0.02%	0.04%	0.02%
	AMGN	F	0.15%	0.01%	0.01%
	AMH	C	0.05%	0.02%	0.02%
	AN	C	0.02%	0.02%	0.02%
	AON	B	0.29%	0.01%	0.01%
	APD	B	0.27%	0.02%	0.02%
	APH	B	0.14%	0.02%	0.02%
	APTV	F	0.06%	0.01%	0.01%
	ARE	F	0.08%	0.01%	0.01%
	ARW	F	0.02%	0.03%	0.02%
	ATO	B	0.08%	0.02%	0.02%
	AVB	B	0.13%	0.02%	0.02%
	AVT	C	0.02%	0.02%	0.02%
	AVY	F	0.04%	0.02%	0.02%
	AWK	D	0.1%	0.02%	0.02%
	AXP	B	0.39%	0.11%	0.11%
	AXS	A	0.03%	0.01%	0.01%
	AYI	A	0.04%	0.03%	0.03%
	AZO	B	0.02%	0.03%	0.02%
	BA	F	0.34%	0.03%	0.03%
	BAC	A	1.18%	0.01%	0.01%
	BAX	F	0.07%	0.02%	0.02%
	BBY	C	0.07%	0.02%	0.02%
	BC	D	0.02%	0.03%	0.02%
	BDX	F	0.26%	0.03%	0.03%
	BEN	C	0.02%	0.04%	0.02%
	BERY	D	0.03%	0.03%	0.03%
	BG	D	0.05%	0.03%	0.03%
	BHF	B	0.01%	0.05%	0.01%
	BIIB	F	0.1%	0.07%	0.07%
	BK	B	0.22%	0.01%	0.01%
	BKNG	A	0.04%	0.03%	0.03%
	BLK	A	0.59%	0.04%	0.04%
	BMY	B	0.42%	0.03%	0.03%
	BR	A	0.01%	0.04%	0.01%
	BRO	B	0.06%	0.02%	0.02%
	BRX	A	0.03%	0.01%	0.01%
	BSX	A	0.5%	0.01%	0.01%
	BWA	B	0.03%	0.01%	0.01%
	BXP	D	0.05%	0.02%	0.02%
	C	B	0.51%	0.02%	0.02%
	CAG	F	0.05%	0.01%	0.01%
	CAH	B	0.05%	0.05%	0.05%
	CARR	C	0.25%	0.04%	0.04%
	CAT	B	0.63%	0.02%	0.02%
	CB	C	0.44%	0.01%	0.01%
	CBOE	D	0.08%	0.02%	0.02%
	CCI	F	0.18%	0.03%	0.03%
	CE	F	0.03%	0.02%	0.02%
	CFG	B	0.08%	0.03%	0.03%
	CHD	A	0.1%	0.02%	0.02%
	CHH	B	0.0%	0.01%	0.0%
	CHRW	A	0.05%	0.03%	0.03%
	CHTR	B	0.14%	0.06%	0.06%
	CI	D	0.31%	0.02%	0.02%
	CINF	A	0.09%	0.02%	0.02%
	CMA	A	0.04%	0.03%	0.03%
	CMCSA	B	0.65%	0.02%	0.02%
	CME	B	0.31%	0.03%	0.03%
	CMI	A	0.19%	0.04%	0.04%
	CMS	D	0.08%	0.02%	0.02%
	CNA	C	0.0%	0.01%	0.0%
	CNH	D	0.04%	0.04%	0.04%
	CNP	B	0.07%	0.02%	0.02%
	COF	B	0.27%	0.03%	0.03%
	COP	C	0.5%	0.01%	0.01%
	CPB	F	0.03%	0.03%	0.03%
	CPT	C	0.05%	0.02%	0.02%
	CRM	B	0.18%	0.07%	0.07%
	CSL	B	0.07%	0.03%	0.03%
	CSX	B	0.27%	0.02%	0.02%
	CTAS	B	0.02%	0.05%	0.02%
	CTVA	C	0.16%	0.02%	0.02%
	CUBE	D	0.04%	0.01%	0.01%
	CVS	F	0.27%	0.02%	0.02%
	CVX	A	1.04%	0.01%	0.01%
	D	D	0.19%	0.01%	0.01%
	DAL	A	0.15%	0.03%	0.03%
	DD	D	0.14%	0.1%	0.1%
	DE	D	0.38%	0.01%	0.01%
	DELL	C	0.12%	0.04%	0.04%
	DFS	B	0.17%	0.01%	0.01%
	DG	F	0.06%	0.03%	0.03%
	DGX	B	0.07%	0.01%	0.01%
	DHI	D	0.19%	0.02%	0.02%
	DHR	F	0.61%	0.04%	0.04%
	DIS	B	0.7%	0.03%	0.03%
	DLR	C	0.23%	0.03%	0.03%
	DLTR	F	0.05%	0.07%	0.05%
	DOC	C	0.06%	0.01%	0.01%
	DOV	A	0.11%	0.02%	0.02%
	DOW	F	0.13%	0.01%	0.01%
	DOX	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.02%	0.02%
	DTE	D	0.09%	0.01%	0.01%
	DUK	D	0.34%	0.01%	0.01%
	DVN	F	0.09%	0.01%	0.01%
	DXC	B	0.02%	0.03%	0.02%
	EA	A	0.16%	0.04%	0.04%
	EBAY	C	0.12%	0.04%	0.04%
	ECL	C	0.03%	0.01%	0.01%
	ED	D	0.13%	0.01%	0.01%
	EFX	F	0.1%	0.03%	0.03%
	EIX	C	0.12%	0.01%	0.01%
	EL	F	0.04%	0.02%	0.02%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.28%	0.01%	0.01%
	EOG	A	0.3%	0.05%	0.05%
	EPR	D	0.01%	0.02%	0.01%
	EQIX	B	0.32%	0.02%	0.02%
	EQR	C	0.11%	0.02%	0.02%
	ES	D	0.08%	0.01%	0.01%
	ESS	C	0.07%	0.01%	0.01%
	ETN	B	0.56%	0.03%	0.03%
	ETR	B	0.12%	0.01%	0.01%
	EVRG	A	0.05%	0.01%	0.01%
	EW	F	0.12%	0.03%	0.03%
	EXC	C	0.15%	0.01%	0.01%
	EXP	B	0.01%	0.04%	0.01%
	EXR	D	0.14%	0.02%	0.02%
	FAF	C	0.02%	0.03%	0.02%
	FANG	C	0.13%	0.04%	0.04%
	FDX	B	0.25%	0.02%	0.02%
	FHN	A	0.04%	0.03%	0.03%
	FIS	B	0.19%	0.03%	0.03%
	FITB	A	0.12%	0.03%	0.03%
	FLO	F	0.02%	0.01%	0.01%
	FLS	B	0.03%	0.03%	0.03%
	FMC	F	0.03%	0.03%	0.03%
	FNF	C	0.06%	0.02%	0.02%
	FOXA	A	0.04%	0.03%	0.03%
	FRT	B	0.04%	0.02%	0.02%
	FTNT	B	0.04%	0.02%	0.02%
	GD	C	0.33%	0.01%	0.01%
	GE	D	0.61%	0.04%	0.04%
	GILD	B	0.46%	0.01%	0.01%
	GIS	F	0.14%	0.04%	0.04%
	GL	B	0.04%	0.02%	0.02%
	GLPI	D	0.05%	0.03%	0.03%
	GM	B	0.24%	0.02%	0.02%
	GPC	D	0.07%	0.02%	0.02%
	GPN	B	0.11%	0.02%	0.02%
	GS	B	0.52%	0.05%	0.05%
	GXO	B	0.03%	0.02%	0.02%
	H	B	0.02%	0.02%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.01%	0.0%
	HBAN	A	0.1%	0.02%	0.02%
	HCA	D	0.19%	0.05%	0.05%
	HD	B	0.31%	0.03%	0.03%
	HES	B	0.05%	0.02%	0.02%
	HIG	C	0.13%	0.03%	0.03%
	HII	F	0.03%	0.01%	0.01%
	HIW	D	0.01%	0.01%	0.01%
	HON	B	0.46%	0.01%	0.01%
	HPQ	B	0.1%	0.04%	0.04%
	HR	C	0.03%	0.02%	0.02%
	HRB	D	0.03%	0.03%	0.03%
	HRL	F	0.03%	0.01%	0.01%
	HST	D	0.05%	0.03%	0.03%
	HSY	F	0.08%	0.01%	0.01%
	HUBB	C	0.1%	0.01%	0.01%
	HUM	D	0.13%	0.01%	0.01%
	HUN	F	0.01%	0.02%	0.01%
	IBM	D	0.75%	0.01%	0.01%
	ICE	C	0.34%	0.03%	0.03%
	IEX	B	0.07%	0.05%	0.05%
	IFF	F	0.09%	0.02%	0.02%
	ILMN	C	0.09%	0.03%	0.03%
	INGR	B	0.04%	0.03%	0.03%
	INTC	C	0.43%	0.05%	0.05%
	INVH	D	0.08%	0.04%	0.04%
	IPG	F	0.04%	0.02%	0.02%
	ITW	B	0.19%	0.04%	0.04%
	JBL	C	0.05%	0.03%	0.03%
	JCI	A	0.22%	0.02%	0.02%
	JEF	B	0.03%	0.02%	0.02%
	JNJ	D	1.44%	0.01%	0.01%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.61%	0.01%	0.01%
	K	A	0.08%	0.02%	0.02%
	KDP	C	0.14%	0.03%	0.03%
	KEX	A	0.03%	0.03%	0.03%
	KEY	B	0.07%	0.02%	0.02%
	KEYS	C	0.11%	0.03%	0.03%
	KIM	A	0.06%	0.02%	0.02%
	KMB	D	0.1%	0.02%	0.02%
	KMI	B	0.2%	0.01%	0.01%
	KMPR	A	0.02%	0.01%	0.01%
	KO	F	0.41%	0.01%	0.01%
	KR	A	0.15%	0.01%	0.01%
	KRC	C	0.02%	0.02%	0.02%
	KSS	D	0.01%	0.03%	0.01%
	L	A	0.06%	0.04%	0.04%
	LAZ	C	0.0%	0.02%	0.0%
	LDOS	C	0.1%	0.05%	0.05%
	LEA	F	0.02%	0.02%	0.02%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.16%	0.01%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LH	B	0.08%	0.01%	0.01%
	LHX	B	0.19%	0.01%	0.01%
	LIN	D	0.85%	0.03%	0.03%
	LMT	D	0.32%	0.04%	0.04%
	LNC	B	0.02%	0.02%	0.02%
	LNT	C	0.06%	0.01%	0.01%
	LOW	B	0.6%	0.01%	0.01%
	LUV	B	0.07%	0.01%	0.01%
	LYB	F	0.09%	0.03%	0.03%
	MAA	C	0.07%	0.01%	0.01%
	MAR	A	0.25%	0.01%	0.01%
	MAS	D	0.07%	0.02%	0.02%
	MCD	C	0.78%	0.01%	0.01%
	MDLZ	F	0.34%	0.02%	0.02%
	MDT	D	0.43%	0.02%	0.02%
	MET	C	0.18%	0.07%	0.07%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.07%	0.01%	0.01%
	MKL	A	0.06%	0.01%	0.01%
	MLM	B	0.14%	0.01%	0.01%
	MMC	D	0.37%	0.04%	0.04%
	MMM	C	0.23%	0.02%	0.02%
	MO	A	0.36%	0.02%	0.02%
	MOS	D	0.03%	0.04%	0.03%
	MPC	D	0.21%	0.04%	0.04%
	MRO	B	0.06%	0.05%	0.05%
	MRVL	B	0.28%	0.03%	0.03%
	MS	A	0.54%	0.01%	0.01%
	MSI	B	0.17%	0.02%	0.02%
	MTB	A	0.13%	0.04%	0.04%
	MU	D	0.47%	0.03%	0.03%
	NDAQ	B	0.12%	0.03%	0.03%
	NEE	D	0.61%	0.01%	0.01%
	NEM	F	0.2%	0.05%	0.05%
	NEU	C	0.01%	0.01%	0.01%
	NFG	D	0.02%	0.01%	0.01%
	NI	A	0.06%	0.03%	0.03%
	NKE	F	0.13%	0.04%	0.04%
	NNN	F	0.03%	0.01%	0.01%
	NOC	D	0.28%	0.02%	0.02%
	NOV	C	0.02%	0.02%	0.02%
	NSC	B	0.24%	0.01%	0.01%
	NTAP	D	0.05%	0.03%	0.03%
	NTRS	A	0.08%	0.02%	0.02%
	NUE	D	0.15%	0.02%	0.02%
	NVR	D	0.1%	0.05%	0.05%
	NVT	C	0.05%	0.02%	0.02%
	O	D	0.19%	0.03%	0.03%
	OC	A	0.06%	0.02%	0.02%
	OGE	B	0.03%	0.01%	0.01%
	OHI	C	0.04%	0.01%	0.01%
	OKE	A	0.24%	0.01%	0.01%
	OMC	A	0.08%	0.03%	0.03%
	ORLY	A	0.02%	0.01%	0.01%
	OSK	B	0.03%	0.02%	0.02%
	OTIS	D	0.16%	0.04%	0.04%
	PCG	A	0.17%	0.01%	0.01%
	PEG	C	0.16%	0.01%	0.01%
	PEP	D	0.18%	0.02%	0.02%
	PFE	F	0.58%	0.03%	0.03%
	PFG	C	0.08%	0.02%	0.02%
	PG	C	1.18%	0.04%	0.04%
	PGR	A	0.09%	0.01%	0.01%
	PH	A	0.34%	0.05%	0.05%
	PHM	D	0.11%	0.03%	0.03%
	PKG	B	0.08%	0.02%	0.02%
	PLD	D	0.41%	0.01%	0.01%
	PM	B	0.75%	0.02%	0.02%
	PNC	B	0.31%	0.01%	0.01%
	PNR	A	0.07%	0.01%	0.01%
	PNW	A	0.04%	0.01%	0.01%
	PPG	F	0.11%	0.02%	0.02%
	PRU	B	0.17%	0.02%	0.02%
	PSA	D	0.18%	0.01%	0.01%
	PSX	C	0.2%	0.04%	0.04%
	PWR	B	0.13%	0.05%	0.05%
	PYPL	A	0.33%	0.05%	0.05%
	QCOM	F	0.05%	0.05%	0.05%
	QRVO	F	0.03%	0.05%	0.03%
	R	B	0.03%	0.02%	0.02%
	REG	A	0.05%	0.02%	0.02%
	REGN	F	0.31%	0.06%	0.06%
	REXR	F	0.04%	0.01%	0.01%
	RF	A	0.09%	0.03%	0.03%
	RGA	A	0.06%	0.03%	0.03%
	RJF	A	0.12%	0.07%	0.07%
	RL	B	0.03%	0.03%	0.03%
	RNR	D	0.05%	0.01%	0.01%
	ROK	B	0.11%	0.01%	0.01%
	ROP	A	0.23%	0.03%	0.03%
	ROST	D	0.14%	0.02%	0.02%
	RPM	A	0.05%	0.03%	0.03%
	RPRX	F	0.04%	0.02%	0.02%
	RS	C	0.07%	0.02%	0.02%
	RSG	B	0.17%	0.01%	0.01%
	RTX	D	0.63%	0.01%	0.01%
	RYN	F	0.02%	0.02%	0.02%
	SBUX	B	0.1%	0.02%	0.02%
	SCHW	B	0.38%	0.01%	0.01%
	SF	A	0.04%	0.02%	0.02%
	SHW	A	0.03%	0.02%	0.02%
	SJM	F	0.05%	0.03%	0.03%
	SLB	C	0.24%	0.05%	0.05%
	SNA	A	0.07%	0.01%	0.01%
	SNX	C	0.04%	0.03%	0.03%
	SO	D	0.37%	0.02%	0.02%
	SON	F	0.02%	0.03%	0.02%
	SPG	A	0.17%	0.01%	0.01%
	SPGI	C	0.61%	0.02%	0.02%
	SRE	B	0.22%	0.03%	0.03%
	STE	D	0.08%	0.05%	0.05%
	STLD	C	0.08%	0.02%	0.02%
	STT	B	0.11%	0.01%	0.01%
	STZ	D	0.14%	0.02%	0.02%
	SUI	F	0.06%	0.01%	0.01%
	SWK	F	0.05%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.1%	0.03%	0.03%
	SYK	A	0.37%	0.02%	0.02%
	SYY	D	0.06%	0.05%	0.05%
	T	A	0.62%	0.05%	0.05%
	TDY	B	0.09%	0.03%	0.03%
	TFC	B	0.23%	0.02%	0.02%
	TGT	C	0.27%	0.02%	0.02%
	THG	A	0.02%	0.01%	0.01%
	TJX	A	0.21%	0.01%	0.01%
	TKR	F	0.02%	0.02%	0.02%
	TMO	F	0.81%	0.03%	0.03%
	TMUS	A	0.44%	0.09%	0.09%
	TRMB	B	0.07%	0.03%	0.03%
	TSN	B	0.06%	0.06%	0.06%
	TT	B	0.24%	0.03%	0.03%
	TXN	B	0.68%	0.02%	0.02%
	TXT	D	0.06%	0.01%	0.01%
	UAL	A	0.11%	0.01%	0.01%
	UDR	C	0.06%	0.01%	0.01%
	UHS	D	0.05%	0.04%	0.04%
	UNH	B	2.03%	0.01%	0.01%
	UNM	A	0.05%	0.02%	0.02%
	UNP	D	0.3%	0.02%	0.02%
	UPS	C	0.37%	0.03%	0.03%
	URI	B	0.17%	0.04%	0.04%
	USB	B	0.3%	0.01%	0.01%
	VFC	C	0.03%	0.03%	0.03%
	VLO	C	0.17%	0.03%	0.03%
	VMC	B	0.11%	0.02%	0.02%
	VNO	C	0.03%	0.02%	0.02%
	VNT	C	0.02%	0.03%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VRSN	C	0.06%	0.04%	0.04%
	VTR	C	0.1%	0.02%	0.02%
	VTRS	B	0.06%	0.04%	0.04%
	VZ	D	0.66%	0.04%	0.04%
	WAB	B	0.14%	0.04%	0.04%
	WBA	D	0.03%	0.02%	0.02%
	WBS	A	0.04%	0.02%	0.02%
	WEC	B	0.12%	0.01%	0.01%
	WELL	B	0.32%	0.01%	0.01%
	WFC	A	0.94%	0.01%	0.01%
	WHR	B	0.02%	0.01%	0.01%
	WLK	F	0.02%	0.01%	0.01%
	WMB	B	0.26%	0.01%	0.01%
	WMT	A	1.42%	0.01%	0.01%
	WPC	F	0.05%	0.02%	0.02%
	WTFC	B	0.03%	0.01%	0.01%
	WTRG	C	0.04%	0.03%	0.03%
	WU	F	0.01%	0.02%	0.01%
	WY	F	0.09%	0.01%	0.01%
	XEL	A	0.14%	0.01%	0.01%
	XOM	B	2.09%	0.01%	0.01%
	XRAY	F	0.01%	0.04%	0.01%
	XYL	F	0.12%	0.02%	0.02%
	ZBH	C	0.08%	0.05%	0.05%
	ZION	B	0.03%	0.03%	0.03%
	ZTS	D	0.05%	0.02%	0.02%

IWD Overweight 465 Positions Relative to VCIT

	Symbol	Grade	Weight
	BRK.A	B	3.26%
	CSCO	A	0.91%
	ACN	B	0.86%
	GEV	B	0.36%
	FI	A	0.32%
	ELV	F	0.32%
	AMD	F	0.31%
	KKR	B	0.28%
	CRH	B	0.27%
	FCX	F	0.26%
	VRTX	B	0.26%
	CEG	D	0.24%
	TDG	D	0.23%
	TRV	B	0.23%
	PCAR	B	0.23%
	AJG	A	0.23%
	F	C	0.17%
	HWM	B	0.17%
	AME	A	0.17%
	MCK	B	0.17%
	KVUE	A	0.17%
	IR	A	0.16%
	CBRE	B	0.16%
	BKR	B	0.16%
	MCHP	F	0.15%
	FERG	B	0.15%
	MSTR	B	0.15%
	CTSH	A	0.15%
	GLW	B	0.14%
	VICI	D	0.13%
	GRMN	A	0.13%
	OXY	F	0.13%
	CL	F	0.13%
	GEHC	D	0.13%
	RCL	A	0.13%
	IQV	F	0.13%
	ON	F	0.12%
	PAYX	B	0.12%
	TTWO	A	0.12%
	CSGP	F	0.12%
	CNC	F	0.12%
	WTW	A	0.12%
	MTD	F	0.11%
	HPE	B	0.11%
	KHC	F	0.11%
	HLT	A	0.11%
	ANSS	B	0.11%
	TROW	A	0.1%
	FCNCA	B	0.1%
	FTV	C	0.1%
	RMD	C	0.1%
	SW	B	0.1%
	WBD	B	0.09%
	WDC	D	0.09%
	EQT	B	0.09%
	LNG	B	0.09%
	YUM	B	0.09%
	FE	D	0.09%
	SBAC	D	0.09%
	CCL	B	0.09%
	SQ	B	0.09%
	PPL	A	0.09%
	IP	B	0.08%
	COO	D	0.08%
	HOOD	B	0.08%
	FSLR	F	0.08%
	EXE	A	0.08%
	APO	B	0.08%
	ZM	B	0.08%
	CVNA	B	0.07%
	WRB	B	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%
	BALL	D	0.07%
	MSCI	B	0.07%
	BLDR	C	0.07%
	TRU	D	0.07%
	VLTO	D	0.06%
	EME	B	0.06%
	COHR	C	0.06%
	GGG	B	0.06%
	CW	C	0.06%
	NDSN	B	0.06%
	ACM	B	0.06%
	IRM	D	0.06%
	RVTY	C	0.06%
	MRNA	F	0.06%
	AVTR	F	0.06%
	CF	B	0.06%
	USFD	B	0.06%
	THC	B	0.06%
	JBHT	C	0.06%
	SSNC	C	0.06%
	ZBRA	B	0.06%
	TOL	B	0.06%
	GEN	B	0.06%
	RRX	B	0.05%
	Z	B	0.05%
	FDS	A	0.05%
	TECH	D	0.05%
	NRG	C	0.05%
	BJ	B	0.05%
	ALB	C	0.05%
	TPR	A	0.05%
	NTNX	B	0.05%
	EPAM	B	0.05%
	FTI	B	0.05%
	SCI	B	0.05%
	INCY	B	0.05%
	CACI	C	0.05%
	ITT	A	0.05%
	TWLO	B	0.05%
	CASY	B	0.05%
	BMRN	F	0.05%
	JKHY	C	0.05%
	ELS	B	0.05%
	CLH	B	0.05%
	EG	D	0.05%
	CDW	F	0.05%
	AKAM	F	0.05%
	EWBC	B	0.05%
	FFIV	B	0.05%
	EXPD	C	0.05%
	ORI	A	0.04%
	PNFP	B	0.04%
	BRBR	A	0.04%
	TW	B	0.04%
	X	D	0.04%
	TFX	F	0.04%
	WST	B	0.04%
	GME	C	0.04%
	DCI	A	0.04%
	KNX	C	0.04%
	DTM	A	0.04%
	WAL	B	0.04%
	FBIN	F	0.04%
	TTEK	F	0.04%
	RGLD	C	0.04%
	NLY	C	0.04%
	SOLV	C	0.04%
	LAD	B	0.04%
	MKTX	C	0.04%
	LKQ	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%
	TAP	B	0.04%
	WWD	B	0.04%
	BLD	F	0.04%
	FWONK	A	0.04%
	CTLT	D	0.04%
	AFRM	B	0.04%
	DAY	B	0.04%
	CRL	C	0.04%
	CCK	D	0.04%
	KMX	B	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	B	0.04%
	ATR	A	0.04%
	COLD	F	0.03%
	PARA	B	0.03%
	IVZ	B	0.03%
	AZPN	A	0.03%
	DINO	D	0.03%
	DOCS	B	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%
	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	D	0.03%
	GWW	B	0.03%
	GNTX	C	0.03%
	CGNX	C	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%
	MKSI	C	0.03%
	ESAB	B	0.03%
	COKE	C	0.03%
	CHE	D	0.03%
	MIDD	D	0.03%
	SKX	F	0.03%
	FAST	B	0.03%
	DASH	A	0.03%
	JAZZ	B	0.03%
	MTSI	B	0.03%
	PR	C	0.03%
	RHI	B	0.03%
	SAIC	D	0.03%
	MNST	B	0.03%
	RRC	B	0.03%
	MTCH	F	0.03%
	ROKU	C	0.03%
	LW	B	0.03%
	APA	F	0.03%
	WYNN	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%
	LAMR	D	0.03%
	FYBR	D	0.03%
	AR	B	0.03%
	LECO	C	0.03%
	APG	C	0.03%
	COIN	B	0.03%
	EGP	D	0.03%
	CR	B	0.03%
	MGM	D	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%
	WAT	B	0.03%
	ALLY	C	0.03%
	HLI	B	0.03%
	TTC	F	0.03%
	WCC	B	0.03%
	NYT	C	0.03%
	BWXT	B	0.03%
	GMED	B	0.03%
	PTC	B	0.03%
	AOS	F	0.03%
	MTZ	B	0.03%
	RBC	B	0.03%
	VNOM	C	0.02%
	ALNY	D	0.02%
	TYL	B	0.02%
	IAC	F	0.02%
	HOG	D	0.02%
	RH	C	0.02%
	ASH	F	0.02%
	CLF	F	0.02%
	MSM	C	0.02%
	OGN	F	0.02%
	OLED	F	0.02%
	AMTM	D	0.02%
	LINE	F	0.02%
	TPG	B	0.02%
	GTES	B	0.02%
	SITE	D	0.02%
	M	C	0.02%
	PAYC	B	0.02%
	GAP	B	0.02%
	DLB	D	0.02%
	AWI	B	0.02%
	GFS	C	0.02%
	SLGN	B	0.02%
	EEFT	C	0.02%
	DBX	B	0.02%
	WTM	A	0.02%
	CUZ	B	0.02%
	AMP	A	0.02%
	OZK	B	0.02%
	CROX	F	0.02%
	ST	F	0.02%
	FRPT	B	0.02%
	UGI	D	0.02%
	BYD	A	0.02%
	SLM	A	0.02%
	ROIV	D	0.02%
	HXL	F	0.02%
	WSC	F	0.02%
	PSN	C	0.02%
	OLN	F	0.02%
	CCCS	B	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	B	0.02%
	EXAS	F	0.02%
	GNRC	B	0.02%
	BFAM	F	0.02%
	JHG	A	0.02%
	AGCO	F	0.02%
	FNB	B	0.02%
	IDA	A	0.02%
	PVH	C	0.02%
	BILL	B	0.02%
	WMS	F	0.02%
	SAIA	B	0.02%
	OLLI	C	0.02%
	STWD	C	0.02%
	BPOP	C	0.02%
	MTDR	B	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%
	S	B	0.02%
	ESI	B	0.02%
	ALK	A	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%
	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%
	CLVT	F	0.01%
	VSTS	D	0.01%
	FTRE	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%
	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%
	ULTA	C	0.01%
	SPB	A	0.01%
	ENOV	C	0.01%
	MP	C	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%
	NXST	C	0.01%
	SPR	F	0.01%
	ECG	D	0.01%
	AM	B	0.01%
	IRDM	B	0.01%
	LBTYK	F	0.01%
	LBTYA	F	0.01%
	VAC	B	0.01%
	CPRT	A	0.01%
	MASI	B	0.01%
	ZG	B	0.01%
	U	F	0.01%
	LOPE	B	0.01%
	FHB	B	0.01%
	NVST	C	0.01%
	PII	F	0.01%
	PRGO	C	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%
	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%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CACC	D	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%
	MTN	C	0.0%
	FWONA	B	0.0%
	PYCR	B	0.0%
	AS	B	0.0%
	DV	C	0.0%
	LLYVA	B	0.0%
	DDS	B	0.0%
	WOLF	F	0.0%

IWD Underweight 90 Positions Relative to VCIT

	Symbol	Grade	Weight
	DT	C	-0.28%
	MSFT	C	-0.23%
	WIT	B	-0.15%
	AMZN	A	-0.09%
	NOW	A	-0.07%
	DB	D	-0.07%
	COST	B	-0.07%
	BABA	D	-0.07%
	VRSK	A	-0.06%
	KOF	F	-0.06%
	NVDA	A	-0.06%
	MRK	F	-0.06%
	BMO	A	-0.05%
	ARCC	A	-0.05%
	TD	D	-0.05%
	ADBE	C	-0.05%
	EXPE	B	-0.05%
	AZN	F	-0.05%
	NWG	B	-0.05%
	KLAC	F	-0.04%
	LVS	C	-0.04%
	PAA	C	-0.04%
	LRCX	F	-0.04%
	AER	B	-0.04%
	MPLX	A	-0.04%
	ET	A	-0.04%
	GOOGL	C	-0.04%
	GSK	F	-0.04%
	VOD	F	-0.04%
	LLY	F	-0.03%
	ADSK	B	-0.03%
	BNS	A	-0.03%
	TSCO	D	-0.03%
	SBRA	C	-0.03%
	HP	C	-0.03%
	JD	C	-0.03%
	CNO	B	-0.03%
	AAT	B	-0.03%
	BDN	D	-0.03%
	TEL	B	-0.03%
	WB	F	-0.03%
	SCS	B	-0.03%
	FLEX	B	-0.03%
	NXPI	F	-0.03%
	V	A	-0.03%
	MA	B	-0.03%
	AMT	F	-0.03%
	EPD	A	-0.03%
	MUFG	A	-0.03%
	TME	F	-0.02%
	SKT	A	-0.02%
	SITC	F	-0.02%
	SAFE	F	-0.02%
	BKU	A	-0.02%
	EPRT	C	-0.02%
	NHI	D	-0.02%
	DSS	F	-0.02%
	FSK	A	-0.02%
	LII	B	-0.02%
	MCY	B	-0.02%
	PDM	D	-0.02%
	PRE	D	-0.02%
	MCO	C	-0.02%
	INTU	A	-0.02%
	CP	F	-0.02%
	BIDU	F	-0.02%
	ESGR	B	-0.02%
	ORCL	A	-0.02%
	GBDC	B	-0.01%
	SAVE	F	-0.01%
	OCSL	D	-0.01%
	GOOG	C	-0.01%
	PSEC	F	-0.01%
	OGS	B	-0.01%
	KRG	B	-0.01%
	CBT	C	-0.01%
	KMT	B	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	HPP	F	-0.01%
	BKH	A	-0.01%
	SWX	B	-0.01%
	GP	F	-0.01%
	CLX	A	-0.01%
	WM	A	-0.01%
	WEST	D	-0.01%
	EQH	B	-0.01%
	AAPL	C	-0.01%
	HSBC	B	-0.01%
	AVGO	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

VCIT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Diversified Industrials REIT - Retail Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Banks - Global Packaged Foods REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life REIT - Residential Capital Markets Aerospace & Defense Diagnostics & Research

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