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

Grade (RS Rating)

Last Trade

$189.62

Average Daily Volume

1,543,421

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

$82.80

Average Daily Volume

6,473,764

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VCIT
30 Days	2.56%	0.07%
60 Days	9.52%	1.53%
90 Days	9.70%	4.01%
12 Months	30.25%	15.23%

399 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in VCIT	Overlap
A	B	0.17%	0.02%	0.02%
AAL	D	0.03%	0.01%	0.01%
AAP	F	0.01%	0.01%	0.01%
ABBV	C	0.79%	0.13%	0.13%
ABT	C	0.78%	0.02%	0.02%
ACGL	A	0.16%	0.03%	0.03%
ADC	C	0.03%	0.01%	0.01%
ADI	B	0.44%	0.04%	0.04%
ADM	F	0.11%	0.05%	0.05%
ADP	A	0.03%	0.04%	0.03%
AEE	A	0.09%	0.01%	0.01%
AEP	C	0.21%	0.01%	0.01%
AES	C	0.06%	0.02%	0.02%
AFG	A	0.04%	0.02%	0.02%
AFL	A	0.25%	0.01%	0.01%
AGO	B	0.02%	0.03%	0.02%
AGR	C	0.01%	0.04%	0.01%
AIG	C	0.19%	0.02%	0.02%
AIZ	B	0.04%	0.02%	0.02%
AL	D	0.02%	0.01%	0.01%
ALL	A	0.17%	0.02%	0.02%
ALLE	A	0.05%	0.02%	0.02%
AMAT	C	0.05%	0.04%	0.04%
AMCR	C	0.07%	0.01%	0.01%
AMG	B	0.02%	0.04%	0.02%
AMGN	D	0.15%	0.01%	0.01%
AMH	D	0.05%	0.02%	0.02%
AN	D	0.02%	0.02%	0.02%
AON	A	0.27%	0.01%	0.01%
APD	C	0.26%	0.02%	0.02%
APH	D	0.12%	0.02%	0.02%
APTV	D	0.08%	0.01%	0.01%
ARE	D	0.08%	0.01%	0.01%
ARW	C	0.03%	0.03%	0.03%
ATO	A	0.08%	0.02%	0.02%
AVB	C	0.13%	0.02%	0.02%
AVT	B	0.02%	0.02%	0.02%
AVY	D	0.04%	0.02%	0.02%
AWK	D	0.11%	0.02%	0.02%
AXP	A	0.37%	0.11%	0.11%
AXS	A	0.02%	0.01%	0.01%
AYI	A	0.04%	0.03%	0.03%
AZO	D	0.02%	0.03%	0.02%
BA	F	0.3%	0.03%	0.03%
BAC	B	1.06%	0.01%	0.01%
BAX	D	0.07%	0.02%	0.02%
BBY	C	0.09%	0.02%	0.02%
BC	C	0.02%	0.03%	0.02%
BDX	C	0.28%	0.03%	0.03%
BEN	F	0.02%	0.04%	0.02%
BERY	C	0.03%	0.03%	0.03%
BG	F	0.05%	0.03%	0.03%
BHF	D	0.01%	0.05%	0.01%
BIIB	F	0.11%	0.07%	0.07%
BK	A	0.21%	0.01%	0.01%
BKNG	B	0.03%	0.03%	0.03%
BLK	A	0.55%	0.04%	0.04%
BMY	A	0.43%	0.03%	0.03%
BR	B	0.01%	0.04%	0.01%
BRO	A	0.06%	0.02%	0.02%
BRX	C	0.03%	0.01%	0.01%
BSX	A	0.49%	0.01%	0.01%
BWA	C	0.03%	0.01%	0.01%
BXP	B	0.05%	0.02%	0.02%
C	B	0.47%	0.02%	0.02%
CAG	D	0.06%	0.01%	0.01%
CAH	B	0.04%	0.05%	0.04%
CARR	A	0.26%	0.04%	0.04%
CAT	A	0.65%	0.02%	0.02%
CB	A	0.47%	0.01%	0.01%
CBOE	B	0.09%	0.02%	0.02%
CCI	D	0.21%	0.03%	0.03%
CE	D	0.04%	0.02%	0.02%
CFG	C	0.07%	0.03%	0.03%
CHD	D	0.1%	0.02%	0.02%
CHH	A	0.0%	0.01%	0.0%
CHRW	C	0.05%	0.03%	0.03%
CHTR	D	0.12%	0.06%	0.06%
CI	D	0.35%	0.02%	0.02%
CINF	A	0.08%	0.02%	0.02%
CMA	C	0.03%	0.03%	0.03%
CMCSA	B	0.64%	0.02%	0.02%
CME	A	0.32%	0.03%	0.03%
CMI	A	0.18%	0.04%	0.04%
CMS	A	0.08%	0.02%	0.02%
CNA	D	0.0%	0.01%	0.0%
CNH	C	0.04%	0.04%	0.04%
CNP	B	0.08%	0.02%	0.02%
COF	A	0.22%	0.03%	0.03%
COP	D	0.51%	0.01%	0.01%
CPB	D	0.04%	0.03%	0.03%
CPT	C	0.05%	0.02%	0.02%
CRM	B	0.15%	0.07%	0.07%
CSL	A	0.07%	0.03%	0.03%
CSX	D	0.27%	0.02%	0.02%
CTAS	C	0.01%	0.05%	0.01%
CTVA	A	0.16%	0.02%	0.02%
CUBE	C	0.05%	0.01%	0.01%
CVS	D	0.31%	0.02%	0.02%
CVX	B	1.02%	0.01%	0.01%
D	A	0.19%	0.01%	0.01%
DAL	C	0.13%	0.03%	0.03%
DD	C	0.15%	0.1%	0.1%
DE	C	0.42%	0.01%	0.01%
DELL	C	0.1%	0.04%	0.04%
DFS	A	0.14%	0.01%	0.01%
DG	F	0.07%	0.03%	0.03%
DGX	D	0.07%	0.01%	0.01%
DHI	C	0.23%	0.02%	0.02%
DHR	D	0.7%	0.04%	0.04%
DIS	D	0.69%	0.03%	0.03%
DLR	C	0.21%	0.03%	0.03%
DLTR	F	0.06%	0.07%	0.06%
DOC	C	0.06%	0.01%	0.01%
DOV	C	0.1%	0.02%	0.02%
DOW	B	0.15%	0.01%	0.01%
DOX	B	0.04%	0.03%	0.03%
DRI	C	0.04%	0.02%	0.02%
DTE	B	0.11%	0.01%	0.01%
DUK	C	0.36%	0.01%	0.01%
DVN	F	0.1%	0.01%	0.01%
DXC	C	0.01%	0.03%	0.01%
EA	D	0.15%	0.04%	0.04%
EBAY	A	0.13%	0.04%	0.04%
ECL	C	0.03%	0.01%	0.01%
ED	C	0.14%	0.01%	0.01%
EFX	D	0.11%	0.03%	0.03%
EIX	C	0.13%	0.01%	0.01%
EL	D	0.06%	0.02%	0.02%
EMN	C	0.05%	0.03%	0.03%
EMR	B	0.25%	0.01%	0.01%
EOG	B	0.29%	0.05%	0.05%
EPR	C	0.01%	0.02%	0.01%
EQIX	C	0.31%	0.02%	0.02%
EQR	C	0.11%	0.02%	0.02%
ES	D	0.09%	0.01%	0.01%
ESS	D	0.07%	0.01%	0.01%
ETN	B	0.52%	0.03%	0.03%
ETR	A	0.11%	0.01%	0.01%
EVRG	C	0.05%	0.01%	0.01%
EW	F	0.12%	0.03%	0.03%
EXC	C	0.16%	0.01%	0.01%
EXP	C	0.01%	0.04%	0.01%
EXR	D	0.15%	0.02%	0.02%
FAF	C	0.03%	0.03%	0.03%
FANG	D	0.13%	0.04%	0.04%
FDX	F	0.24%	0.02%	0.02%
FHN	D	0.03%	0.03%	0.03%
FIS	A	0.19%	0.03%	0.03%
FITB	C	0.11%	0.03%	0.03%
FLO	D	0.02%	0.01%	0.01%
FLS	A	0.03%	0.03%	0.03%
FMC	C	0.03%	0.03%	0.03%
FNF	C	0.06%	0.02%	0.02%
FOXA	B	0.04%	0.03%	0.03%
FRT	D	0.04%	0.02%	0.02%
FTNT	A	0.04%	0.02%	0.02%
GD	C	0.33%	0.01%	0.01%
GE	B	0.63%	0.04%	0.04%
GILD	A	0.42%	0.01%	0.01%
GIS	C	0.17%	0.04%	0.04%
GL	C	0.04%	0.02%	0.02%
GLPI	C	0.05%	0.03%	0.03%
GM	D	0.2%	0.02%	0.02%
GPC	D	0.08%	0.02%	0.02%
GPN	F	0.1%	0.02%	0.02%
GS	B	0.45%	0.05%	0.05%
GXO	D	0.02%	0.02%	0.02%
H	B	0.02%	0.02%	0.02%
HAL	D	0.1%	0.06%	0.06%
HAS	A	0.01%	0.01%	0.01%
HBAN	B	0.08%	0.02%	0.02%
HCA	C	0.23%	0.05%	0.05%
HD	A	0.33%	0.03%	0.03%
HES	D	0.05%	0.02%	0.02%
HIG	A	0.14%	0.03%	0.03%
HII	F	0.04%	0.01%	0.01%
HIW	C	0.01%	0.01%	0.01%
HON	C	0.45%	0.01%	0.01%
HPQ	B	0.1%	0.04%	0.04%
HR	D	0.03%	0.02%	0.02%
HRB	C	0.03%	0.03%	0.03%
HRL	F	0.04%	0.01%	0.01%
HST	D	0.05%	0.03%	0.03%
HSY	D	0.1%	0.01%	0.01%
HUBB	A	0.09%	0.01%	0.01%
HUM	F	0.13%	0.01%	0.01%
HUN	B	0.02%	0.02%	0.02%
IBM	A	0.8%	0.01%	0.01%
ICE	A	0.36%	0.03%	0.03%
IEX	D	0.06%	0.05%	0.05%
IFF	D	0.1%	0.02%	0.02%
ILMN	B	0.08%	0.03%	0.03%
INGR	B	0.04%	0.03%	0.03%
INTC	D	0.38%	0.05%	0.05%
INVH	D	0.08%	0.04%	0.04%
IPG	D	0.05%	0.02%	0.02%
ITW	C	0.19%	0.04%	0.04%
JBL	C	0.05%	0.03%	0.03%
JCI	C	0.2%	0.02%	0.02%
JEF	A	0.03%	0.02%	0.02%
JNJ	D	1.55%	0.01%	0.01%
JNPR	C	0.05%	0.03%	0.03%
JPM	C	2.35%	0.01%	0.01%
K	B	0.08%	0.02%	0.02%
KDP	C	0.16%	0.03%	0.03%
KEX	C	0.03%	0.03%	0.03%
KEY	B	0.06%	0.02%	0.02%
KEYS	B	0.11%	0.03%	0.03%
KIM	C	0.06%	0.02%	0.02%
KMB	D	0.11%	0.02%	0.02%
KMI	A	0.17%	0.01%	0.01%
KMPR	D	0.01%	0.01%	0.01%
KO	C	0.47%	0.01%	0.01%
KR	C	0.15%	0.01%	0.01%
KRC	C	0.02%	0.02%	0.02%
KSS	D	0.01%	0.03%	0.01%
L	C	0.06%	0.04%	0.04%
LAZ	C	0.0%	0.02%	0.0%
LDOS	A	0.09%	0.05%	0.05%
LEA	F	0.02%	0.02%	0.02%
LEG	D	0.01%	0.02%	0.01%
LEN	C	0.01%	0.01%	0.01%
LEN	C	0.18%	0.01%	0.01%
LH	D	0.07%	0.01%	0.01%
LHX	A	0.18%	0.01%	0.01%
LIN	C	0.91%	0.03%	0.03%
LMT	A	0.35%	0.04%	0.04%
LNC	B	0.02%	0.02%	0.02%
LNT	B	0.06%	0.01%	0.01%
LOW	C	0.62%	0.01%	0.01%
LUV	B	0.07%	0.01%	0.01%
LYB	B	0.1%	0.03%	0.03%
MAA	D	0.07%	0.01%	0.01%
MAR	A	0.22%	0.01%	0.01%
MAS	C	0.07%	0.02%	0.02%
MCD	A	0.81%	0.01%	0.01%
MDLZ	D	0.39%	0.02%	0.02%
MDT	C	0.46%	0.02%	0.02%
MET	A	0.19%	0.07%	0.07%
MHK	C	0.03%	0.02%	0.02%
MKC	C	0.08%	0.01%	0.01%
MKL	B	0.06%	0.01%	0.01%
MLM	F	0.12%	0.01%	0.01%
MMC	D	0.38%	0.04%	0.04%
MMM	C	0.24%	0.02%	0.02%
MO	D	0.35%	0.02%	0.02%
MOS	F	0.03%	0.04%	0.03%
MPC	D	0.23%	0.04%	0.04%
MRO	B	0.06%	0.05%	0.05%
MRVL	C	0.22%	0.03%	0.03%
MS	A	0.45%	0.01%	0.01%
MSI	A	0.15%	0.02%	0.02%
MTB	A	0.11%	0.04%	0.04%
MU	D	0.44%	0.03%	0.03%
NDAQ	C	0.12%	0.03%	0.03%
NEE	C	0.7%	0.01%	0.01%
NEM	C	0.25%	0.05%	0.05%
NEU	F	0.01%	0.01%	0.01%
NFG	A	0.02%	0.01%	0.01%
NI	A	0.06%	0.03%	0.03%
NKE	D	0.16%	0.04%	0.04%
NNN	C	0.04%	0.01%	0.01%
NOC	B	0.3%	0.02%	0.02%
NOV	F	0.03%	0.02%	0.02%
NSC	C	0.22%	0.01%	0.01%
NTAP	D	0.05%	0.03%	0.03%
NTRS	B	0.07%	0.02%	0.02%
NUE	D	0.15%	0.02%	0.02%
NVR	C	0.11%	0.05%	0.05%
NVT	C	0.05%	0.02%	0.02%
O	C	0.22%	0.03%	0.03%
OC	C	0.06%	0.02%	0.02%
OGE	C	0.03%	0.01%	0.01%
OHI	C	0.04%	0.01%	0.01%
OKE	A	0.21%	0.01%	0.01%
OMC	C	0.08%	0.03%	0.03%
ORLY	A	0.02%	0.01%	0.01%
OSK	F	0.03%	0.02%	0.02%
OTIS	A	0.17%	0.04%	0.04%
PCG	C	0.17%	0.01%	0.01%
PEG	A	0.18%	0.01%	0.01%
PEP	F	0.2%	0.02%	0.02%
PFE	D	0.65%	0.03%	0.03%
PFG	A	0.08%	0.02%	0.02%
PG	D	1.26%	0.04%	0.04%
PGR	B	0.09%	0.01%	0.01%
PH	A	0.32%	0.05%	0.05%
PHM	C	0.12%	0.03%	0.03%
PKG	B	0.08%	0.02%	0.02%
PLD	D	0.46%	0.01%	0.01%
PM	D	0.74%	0.02%	0.02%
PNC	C	0.28%	0.01%	0.01%
PNR	C	0.06%	0.01%	0.01%
PNW	C	0.04%	0.01%	0.01%
PPG	D	0.12%	0.02%	0.02%
PRU	B	0.17%	0.02%	0.02%
PSA	C	0.19%	0.01%	0.01%
PSX	D	0.22%	0.04%	0.04%
PWR	A	0.12%	0.05%	0.05%
PYPL	A	0.31%	0.05%	0.05%
QCOM	D	0.05%	0.05%	0.05%
QRVO	F	0.04%	0.05%	0.04%
R	C	0.02%	0.02%	0.02%
REG	C	0.05%	0.02%	0.02%
REGN	D	0.4%	0.06%	0.06%
REXR	D	0.04%	0.01%	0.01%
RF	B	0.08%	0.03%	0.03%
RGA	B	0.06%	0.03%	0.03%
RJF	B	0.09%	0.07%	0.07%
RL	B	0.03%	0.03%	0.03%
RNR	A	0.06%	0.01%	0.01%
ROK	D	0.11%	0.01%	0.01%
ROP	D	0.23%	0.03%	0.03%
ROST	D	0.15%	0.02%	0.02%
RPM	A	0.05%	0.03%	0.03%
RPRX	D	0.04%	0.02%	0.02%
RS	D	0.07%	0.02%	0.02%
RSG	D	0.16%	0.01%	0.01%
RTX	A	0.66%	0.01%	0.01%
RYN	C	0.02%	0.02%	0.02%
SBUX	B	0.1%	0.02%	0.02%
SCHW	D	0.34%	0.01%	0.01%
SF	A	0.04%	0.02%	0.02%
SHW	C	0.03%	0.02%	0.02%
SJM	D	0.05%	0.03%	0.03%
SLB	D	0.24%	0.05%	0.05%
SNA	C	0.06%	0.01%	0.01%
SNX	C	0.04%	0.03%	0.03%
SO	A	0.39%	0.02%	0.02%
SON	D	0.02%	0.03%	0.02%
SPG	A	0.16%	0.01%	0.01%
SPGI	C	0.64%	0.02%	0.02%
SRE	C	0.21%	0.03%	0.03%
STE	D	0.09%	0.05%	0.05%
STLD	C	0.08%	0.02%	0.02%
STT	A	0.1%	0.01%	0.01%
STZ	D	0.16%	0.02%	0.02%
SUI	D	0.07%	0.01%	0.01%
SWK	C	0.07%	0.03%	0.03%
SWKS	F	0.06%	0.03%	0.03%
SYF	A	0.08%	0.03%	0.03%
SYK	C	0.36%	0.02%	0.02%
SYY	D	0.06%	0.05%	0.05%
T	B	0.63%	0.05%	0.05%
TDY	A	0.08%	0.03%	0.03%
TFC	D	0.22%	0.02%	0.02%
TGT	C	0.28%	0.02%	0.02%
THG	A	0.02%	0.01%	0.01%
TJX	D	0.21%	0.01%	0.01%
TKR	B	0.02%	0.02%	0.02%
TMO	D	0.93%	0.03%	0.03%
TMUS	A	0.4%	0.09%	0.09%
TRMB	B	0.06%	0.03%	0.03%
TSN	D	0.07%	0.06%	0.06%
TT	A	0.23%	0.03%	0.03%
TXN	C	0.64%	0.02%	0.02%
TXT	F	0.06%	0.01%	0.01%
UAL	A	0.07%	0.01%	0.01%
UDR	C	0.06%	0.01%	0.01%
UHS	D	0.05%	0.04%	0.04%
UNH	B	1.98%	0.01%	0.01%
UNM	A	0.04%	0.02%	0.02%
UNP	F	0.31%	0.02%	0.02%
UPS	D	0.39%	0.03%	0.03%
URI	C	0.16%	0.04%	0.04%
USB	C	0.28%	0.01%	0.01%
VFC	A	0.03%	0.03%	0.03%
VLO	F	0.17%	0.03%	0.03%
VMC	D	0.1%	0.02%	0.02%
VNO	B	0.03%	0.02%	0.02%
VNT	F	0.02%	0.03%	0.02%
VOYA	A	0.03%	0.02%	0.02%
VRSN	C	0.06%	0.04%	0.04%
VTR	C	0.1%	0.02%	0.02%
VTRS	D	0.05%	0.04%	0.04%
VZ	C	0.76%	0.04%	0.04%
WAB	A	0.13%	0.04%	0.04%
WBA	F	0.02%	0.02%	0.02%
WBS	D	0.03%	0.02%	0.02%
WEC	B	0.12%	0.01%	0.01%
WELL	C	0.31%	0.01%	0.01%
WFC	B	0.77%	0.01%	0.01%
WHR	C	0.02%	0.01%	0.01%
WLK	C	0.02%	0.01%	0.01%
WMB	A	0.22%	0.01%	0.01%
WMT	A	1.4%	0.01%	0.01%
WPC	C	0.05%	0.02%	0.02%
WTFC	B	0.03%	0.01%	0.01%
WTRG	D	0.04%	0.03%	0.03%
WU	D	0.01%	0.02%	0.01%
WY	C	0.1%	0.01%	0.01%
XEL	C	0.14%	0.01%	0.01%
XOM	A	2.14%	0.01%	0.01%
XRAY	D	0.02%	0.04%	0.02%
XYL	C	0.13%	0.02%	0.02%
ZBH	F	0.09%	0.05%	0.05%
ZION	D	0.03%	0.03%	0.03%
ZTS	C	0.06%	0.02%	0.02%

IWD Overweight 465 Positions Relative to VCIT

Symbol	Grade	Weight
BRK.A	B	3.32%
ACN	B	0.88%
CSCO	A	0.85%
ELV	F	0.4%
AMD	C	0.35%
FCX	B	0.29%
GEV	A	0.28%
CEG	A	0.28%
FI	A	0.28%
KKR	A	0.25%
TDG	A	0.25%
CRH	C	0.25%
VRTX	D	0.24%
AJG	C	0.23%
TRV	B	0.21%
PCAR	D	0.2%
F	D	0.17%
KVUE	C	0.17%
IR	A	0.16%
MCHP	F	0.16%
GEHC	C	0.15%
BKR	B	0.15%
MCK	F	0.15%
IQV	F	0.15%
CL	D	0.15%
FERG	F	0.15%
CBRE	C	0.15%
CTSH	B	0.15%
HWM	A	0.15%
CNC	F	0.15%
AME	C	0.15%
GLW	C	0.14%
VICI	C	0.14%
OXY	D	0.14%
PAYX	B	0.12%
CSGP	F	0.12%
ON	F	0.12%
WTW	C	0.12%
MTD	C	0.12%
KHC	F	0.12%
GRMN	D	0.11%
RCL	B	0.11%
FTV	C	0.11%
ANSS	D	0.11%
HLT	A	0.11%
YUM	C	0.1%
PPL	C	0.1%
RMD	C	0.1%
SW	C	0.1%
FE	C	0.1%
FSLR	C	0.1%
HPE	B	0.1%
TTWO	D	0.1%
SBAC	C	0.1%
WDC	C	0.09%
FCNCA	D	0.09%
TROW	D	0.09%
MSTR	B	0.09%
TRU	C	0.08%
WBD	F	0.08%
EQT	C	0.08%
LNG	A	0.08%
MRNA	F	0.08%
BALL	C	0.08%
COO	C	0.08%
BLDR	C	0.08%
SQ	D	0.08%
J	F	0.07%
WRB	C	0.07%
WSO	C	0.07%
IP	C	0.07%
AVTR	D	0.07%
APO	A	0.07%
CCL	C	0.07%
CTRA	D	0.07%
ZM	B	0.07%
HOLX	D	0.07%
CHK	C	0.07%
MSCI	B	0.07%
JBHT	D	0.06%
ACM	A	0.06%
USFD	C	0.06%
EG	A	0.06%
GGG	C	0.06%
IBKR	A	0.06%
CDW	D	0.06%
ZBRA	B	0.06%
IRM	B	0.06%
GEN	A	0.06%
NDSN	C	0.06%
HOOD	B	0.06%
VLTO	A	0.06%
AKAM	D	0.06%
EXPD	D	0.06%
RVTY	C	0.06%
THC	D	0.06%
UTHR	C	0.06%
TOL	C	0.06%
SSNC	C	0.06%
CF	A	0.06%
NRG	A	0.05%
KMX	F	0.05%
TFX	C	0.05%
CASY	D	0.05%
COHR	B	0.05%
FTI	B	0.05%
BLD	D	0.05%
EME	B	0.05%
TECH	D	0.05%
ITT	C	0.05%
CLH	B	0.05%
CVNA	A	0.05%
FFIV	B	0.05%
CW	A	0.05%
ELS	D	0.05%
JKHY	A	0.05%
BMRN	F	0.05%
CIEN	A	0.04%
NYT	C	0.04%
GPK	D	0.04%
DCI	B	0.04%
EGP	D	0.04%
AFRM	C	0.04%
WAL	C	0.04%
EVR	C	0.04%
TTC	F	0.04%
MGM	D	0.04%
HSIC	D	0.04%
PRI	A	0.04%
SOLV	C	0.04%
APA	F	0.04%
WYNN	B	0.04%
RGLD	C	0.04%
MKTX	B	0.04%
CG	B	0.04%
EHC	C	0.04%
MTCH	B	0.04%
DPZ	D	0.04%
NTNX	C	0.04%
CRL	F	0.04%
NLY	C	0.04%
AA	B	0.04%
TTEK	A	0.04%
ARMK	C	0.04%
FWONK	D	0.04%
NWSA	D	0.04%
TAP	D	0.04%
WWD	C	0.04%
EPAM	F	0.04%
INCY	B	0.04%
Z	C	0.04%
PFGC	A	0.04%
DKS	D	0.04%
LKQ	F	0.04%
TPR	B	0.04%
OVV	D	0.04%
ATR	A	0.04%
AOS	C	0.04%
FBIN	C	0.04%
RRX	B	0.04%
CTLT	A	0.04%
EWBC	B	0.04%
BJ	B	0.04%
CACI	A	0.04%
ALB	D	0.04%
FDS	C	0.04%
SCI	D	0.04%
CCK	C	0.04%
AZPN	A	0.03%
IVZ	A	0.03%
LW	D	0.03%
CFR	B	0.03%
MSA	F	0.03%
LFUS	C	0.03%
FAST	C	0.03%
CRUS	D	0.03%
OKTA	F	0.03%
CGNX	F	0.03%
BIO	B	0.03%
MAT	B	0.03%
MTG	A	0.03%
LBRDK	C	0.03%
SOFI	C	0.03%
LSTR	F	0.03%
MKSI	F	0.03%
JAZZ	F	0.03%
BFAM	C	0.03%
GNTX	D	0.03%
WMS	D	0.03%
CBSH	D	0.03%
RHI	D	0.03%
CROX	C	0.03%
G	A	0.03%
RGEN	F	0.03%
CART	B	0.03%
DINO	F	0.03%
STAG	D	0.03%
BBWI	F	0.03%
SEIC	B	0.03%
PNFP	B	0.03%
FICO	C	0.03%
PR	D	0.03%
SAIC	A	0.03%
ELAN	D	0.03%
WCC	D	0.03%
FR	D	0.03%
RRC	D	0.03%
SSD	B	0.03%
MOH	F	0.03%
MIDD	D	0.03%
ONTO	B	0.03%
MNST	D	0.03%
APG	F	0.03%
EXAS	C	0.03%
LECO	D	0.03%
HLI	A	0.03%
CR	A	0.03%
ALGN	D	0.03%
AGNC	B	0.03%
MTZ	A	0.03%
DTM	A	0.03%
WEX	C	0.03%
ACI	F	0.03%
WSM	C	0.03%
AXTA	C	0.03%
X	F	0.03%
GMED	B	0.03%
CHE	D	0.03%
COKE	C	0.03%
COLD	D	0.03%
ROKU	C	0.03%
BRBR	A	0.03%
SKX	B	0.03%
FCN	C	0.03%
GWRE	A	0.03%
KBR	A	0.03%
FND	C	0.03%
BWXT	A	0.03%
CHRD	F	0.03%
ATI	C	0.03%
DAY	C	0.03%
WAT	B	0.03%
ALLY	F	0.03%
GME	D	0.03%
PTC	B	0.03%
AR	C	0.03%
TKO	A	0.03%
KNX	D	0.03%
ALSN	A	0.03%
LAMR	C	0.03%
RBC	C	0.03%
RIVN	F	0.03%
LAD	C	0.03%
WST	D	0.03%
JLL	C	0.03%
FYBR	C	0.03%
TWLO	B	0.03%
TW	A	0.03%
CZR	B	0.03%
ORI	A	0.03%
IAC	C	0.02%
AWI	A	0.02%
GFS	F	0.02%
MSM	D	0.02%
ALNY	C	0.02%
BILL	D	0.02%
RH	C	0.02%
UHAL	C	0.02%
CLF	D	0.02%
LITE	A	0.02%
AMP	A	0.02%
DBX	C	0.02%
SITE	D	0.02%
M	D	0.02%
GAP	F	0.02%
PII	D	0.02%
ASH	F	0.02%
FRPT	A	0.02%
SLGN	B	0.02%
EEFT	F	0.02%
BYD	B	0.02%
OZK	D	0.02%
DLB	D	0.02%
CUZ	C	0.02%
WTM	C	0.02%
HOG	D	0.02%
OLED	B	0.02%
LINE	F	0.02%
GNRC	B	0.02%
SAIA	D	0.02%
CPRI	C	0.02%
SLM	B	0.02%
PSN	A	0.02%
FNB	D	0.02%
OGN	F	0.02%
WSC	D	0.02%
ROIV	D	0.02%
JHG	A	0.02%
DOCS	A	0.02%
CCCS	D	0.02%
W	C	0.02%
HXL	F	0.02%
KD	D	0.02%
UGI	C	0.02%
OMF	D	0.02%
FOX	B	0.02%
COIN	F	0.02%
IDA	D	0.02%
ST	F	0.02%
COLB	C	0.02%
S	C	0.02%
PVH	D	0.02%
WH	C	0.02%
MTDR	D	0.02%
MDU	C	0.02%
SIRI	C	0.02%
OLN	D	0.02%
RITM	D	0.02%
THO	C	0.02%
SRCL	B	0.02%
ALK	C	0.02%
ACHC	F	0.02%
VMI	B	0.02%
SN	A	0.02%
POST	C	0.02%
DAR	F	0.02%
OLLI	C	0.02%
GWW	B	0.02%
ESAB	C	0.02%
MTSI	B	0.02%
ESI	C	0.02%
SNV	D	0.02%
AGCO	D	0.02%
BPOP	D	0.02%
RLI	A	0.02%
DASH	A	0.02%
PARA	F	0.02%
STWD	C	0.02%
PB	D	0.02%
SNDR	D	0.01%
CERT	F	0.01%
LYFT	D	0.01%
TRIP	D	0.01%
INFA	D	0.01%
WEN	B	0.01%
FTRE	F	0.01%
UA	B	0.01%
REYN	D	0.01%
GO	F	0.01%
TER	C	0.01%
PPC	C	0.01%
UAA	B	0.01%
BIRK	F	0.01%
PSTG	F	0.01%
VSTS	D	0.01%
QS	F	0.01%
AZEK	D	0.01%
PINC	F	0.01%
IPGP	D	0.01%
ADT	D	0.01%
GLOB	D	0.01%
SAM	D	0.01%
LPX	C	0.01%
ETSY	F	0.01%
BROS	F	0.01%
JWN	D	0.01%
HAYW	C	0.01%
RCM	B	0.01%
ENOV	F	0.01%
MP	C	0.01%
BOKF	B	0.01%
CRI	D	0.01%
QDEL	D	0.01%
LLYVK	B	0.01%
HHH	C	0.01%
ULTA	D	0.01%
YETI	C	0.01%
CNXC	F	0.01%
SHC	C	0.01%
VIRT	B	0.01%
CWEN	C	0.01%
SPB	C	0.01%
VAC	D	0.01%
AZTA	F	0.01%
BRKR	D	0.01%
CLVT	D	0.01%
CXT	F	0.01%
ALGM	F	0.01%
CC	D	0.01%
MASI	B	0.01%
RKT	D	0.01%
PENN	D	0.01%
COLM	B	0.01%
LOPE	D	0.01%
SEE	C	0.01%
FHB	D	0.01%
LCID	F	0.01%
CNM	F	0.01%
PK	D	0.01%
ZG	C	0.01%
PAG	D	0.01%
AMED	D	0.01%
CPRT	B	0.01%
NXST	D	0.01%
ZI	F	0.01%
TNL	B	0.01%
PAYC	D	0.01%
NWS	D	0.01%
NWL	D	0.01%
AM	A	0.01%
AMTM	D	0.01%
PLNT	B	0.01%
NSA	D	0.01%
AMKR	F	0.01%
NVST	D	0.01%
SPR	D	0.01%
VNOM	A	0.01%
IRDM	C	0.01%
MPW	C	0.01%
PRGO	F	0.01%
MAN	D	0.01%
LBTYK	C	0.01%
COTY	F	0.01%
LBTYA	C	0.01%
DNB	D	0.01%
GTES	C	0.01%
U	D	0.01%
MSGS	A	0.01%
TYL	D	0.01%
SMG	C	0.01%
TPG	A	0.01%
CIVI	F	0.01%
SEG	F	0.0%
LOAR	B	0.0%
PARAA	D	0.0%
UWMC	D	0.0%
NFE	F	0.0%
UHAL	C	0.0%
DJT	F	0.0%
GRAL	F	0.0%
IONS	F	0.0%
UI	B	0.0%
PLTK	C	0.0%
CACC	F	0.0%
TFSL	D	0.0%
TXG	F	0.0%
PATH	D	0.0%
SEB	F	0.0%
CAR	D	0.0%
PYCR	D	0.0%
LLYVA	B	0.0%
LSCC	D	0.0%
AS	B	0.0%
NCNO	F	0.0%
FIVE	D	0.0%
HCP	A	0.0%
FWONA	C	0.0%
MTN	D	0.0%
DV	F	0.0%
ALAB	C	0.0%
CWEN	C	0.0%
LBRDA	C	0.0%
WOLF	F	0.0%
DDS	D	0.0%
EXEL	B	0.0%

IWD Underweight 90 Positions Relative to VCIT

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