IWD vs. VFQY ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to Vanguard U.S. Quality Factor ETF (VFQY)

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

VFQY

Vanguard U.S. Quality Factor ETF

VFQY Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong fundamentals as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$147.42

Average Daily Volume

11,012

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	IWD	VFQY
30 Days	3.53%	4.56%
60 Days	4.90%	3.81%
90 Days	6.95%	4.24%
12 Months	29.54%	27.98%

145 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in VFQY	Overlap
A	D	0.15%	0.23%	0.15%
AAP	C	0.01%	0.07%	0.01%
ADP	B	0.03%	0.16%	0.03%
AFL	B	0.24%	0.46%	0.24%
AIG	B	0.19%	0.44%	0.19%
ALGN	D	0.03%	0.05%	0.03%
AMAT	F	0.04%	0.49%	0.04%
AMP	A	0.02%	0.57%	0.02%
AON	A	0.29%	0.13%	0.13%
AOS	F	0.03%	0.28%	0.03%
AVY	D	0.04%	0.26%	0.04%
AXP	A	0.39%	1.37%	0.39%
AYI	B	0.04%	0.53%	0.04%
AZEK	A	0.01%	0.02%	0.01%
BBY	D	0.08%	0.5%	0.08%
BHF	B	0.01%	0.11%	0.01%
BJ	A	0.04%	0.27%	0.04%
BKNG	A	0.04%	0.03%	0.03%
BLD	D	0.04%	0.04%	0.04%
BLDR	D	0.07%	0.44%	0.07%
BOKF	B	0.01%	0.14%	0.01%
BPOP	B	0.02%	0.4%	0.02%
BR	A	0.01%	0.26%	0.01%
BRKR	D	0.01%	0.05%	0.01%
BWA	D	0.03%	0.2%	0.03%
CASY	A	0.05%	0.19%	0.05%
CAT	B	0.63%	0.36%	0.36%
CDW	F	0.05%	0.08%	0.05%
CFG	B	0.08%	0.22%	0.08%
CHE	D	0.03%	0.3%	0.03%
CHRW	C	0.05%	0.73%	0.05%
CMI	A	0.19%	0.12%	0.12%
CNM	D	0.01%	0.26%	0.01%
COKE	C	0.03%	0.32%	0.03%
CR	A	0.03%	0.21%	0.03%
CROX	D	0.02%	0.3%	0.02%
CRUS	D	0.02%	0.21%	0.02%
CSL	C	0.07%	0.09%	0.07%
CTAS	B	0.01%	1.58%	0.01%
CXT	B	0.01%	0.02%	0.01%
DCI	B	0.04%	0.44%	0.04%
DKS	C	0.04%	0.35%	0.04%
DLTR	F	0.05%	0.29%	0.05%
DXC	B	0.01%	0.09%	0.01%
EA	A	0.17%	0.29%	0.17%
EBAY	D	0.12%	0.43%	0.12%
ECL	D	0.03%	0.34%	0.03%
EL	F	0.04%	0.3%	0.04%
EME	C	0.05%	0.08%	0.05%
EOG	A	0.3%	0.14%	0.14%
EXPD	D	0.06%	0.21%	0.06%
FAST	B	0.03%	0.55%	0.03%
FBIN	D	0.04%	0.03%	0.03%
FFIV	B	0.05%	0.14%	0.05%
FLO	D	0.02%	0.7%	0.02%
GGG	B	0.06%	0.08%	0.06%
GILD	C	0.43%	2.1%	0.43%
GL	B	0.04%	0.33%	0.04%
GNRC	B	0.02%	0.03%	0.02%
GPC	D	0.07%	0.21%	0.07%
GWW	B	0.03%	0.35%	0.03%
HAS	D	0.0%	0.25%	0.0%
HIG	B	0.13%	0.26%	0.13%
HOLX	D	0.07%	0.06%	0.06%
HSY	F	0.08%	0.22%	0.08%
ILMN	D	0.08%	0.16%	0.08%
INCY	C	0.04%	0.11%	0.04%
INGR	B	0.04%	0.15%	0.04%
JBL	B	0.05%	0.12%	0.05%
JKHY	D	0.05%	0.16%	0.05%
JNJ	D	1.45%	1.38%	1.38%
KD	B	0.02%	0.27%	0.02%
KMB	D	0.1%	1.62%	0.1%
KR	B	0.15%	0.46%	0.15%
KVUE	A	0.18%	0.37%	0.18%
LECO	B	0.03%	0.22%	0.03%
LOPE	B	0.01%	0.2%	0.01%
LPX	B	0.01%	0.33%	0.01%
LSCC	D	0.0%	0.09%	0.0%
LSTR	D	0.03%	0.5%	0.03%
M	D	0.02%	0.24%	0.02%
MAN	D	0.01%	0.1%	0.01%
MASI	A	0.01%	0.05%	0.01%
MAT	D	0.02%	0.4%	0.02%
MMM	D	0.23%	2.1%	0.23%
MOH	F	0.02%	0.14%	0.02%
MPC	D	0.22%	0.15%	0.15%
MSA	D	0.02%	0.29%	0.02%
MSM	C	0.01%	0.49%	0.01%
MTG	C	0.03%	0.1%	0.03%
NKE	D	0.14%	2.14%	0.14%
NTAP	C	0.05%	0.49%	0.05%
NTRS	A	0.08%	0.33%	0.08%
NVR	D	0.1%	0.11%	0.1%
NWL	B	0.01%	0.02%	0.01%
NYT	C	0.03%	0.09%	0.03%
OLN	D	0.02%	0.06%	0.02%
PAYX	C	0.11%	0.63%	0.11%
PEP	F	0.18%	1.54%	0.18%
PFGC	B	0.04%	0.1%	0.04%
PG	A	1.21%	0.06%	0.06%
PII	D	0.01%	0.2%	0.01%
PPG	F	0.11%	0.19%	0.11%
PRI	A	0.04%	0.49%	0.04%
PSTG	D	0.01%	0.16%	0.01%
PVH	C	0.02%	0.17%	0.02%
PYPL	B	0.34%	1.29%	0.34%
QCOM	F	0.04%	1.88%	0.04%
RHI	B	0.03%	0.44%	0.03%
RL	B	0.03%	0.39%	0.03%
RMD	C	0.1%	0.16%	0.1%
ROK	B	0.12%	0.3%	0.12%
ROKU	D	0.03%	0.19%	0.03%
ROST	C	0.14%	0.08%	0.08%
RPM	A	0.05%	0.47%	0.05%
RS	B	0.07%	0.1%	0.07%
SAM	C	0.01%	0.2%	0.01%
SEIC	B	0.03%	0.08%	0.03%
SKX	D	0.03%	0.27%	0.03%
SLM	A	0.02%	0.47%	0.02%
SN	D	0.02%	0.03%	0.02%
SNA	A	0.07%	0.04%	0.04%
SOLV	C	0.04%	0.09%	0.04%
SSD	D	0.03%	0.33%	0.03%
STLD	B	0.08%	0.06%	0.06%
STT	A	0.11%	0.53%	0.11%
SYF	B	0.1%	0.28%	0.1%
TER	D	0.01%	0.1%	0.01%
TGT	F	0.27%	1.91%	0.27%
TJX	A	0.22%	1.74%	0.22%
TPR	B	0.05%	0.23%	0.05%
TRIP	F	0.01%	0.05%	0.01%
TTC	D	0.03%	0.2%	0.03%
TXG	F	0.0%	0.11%	0.0%
UAA	C	0.01%	0.08%	0.01%
ULTA	F	0.01%	0.24%	0.01%
UTHR	C	0.06%	0.22%	0.06%
VMI	B	0.03%	0.28%	0.03%
VOYA	B	0.03%	0.22%	0.03%
WCC	B	0.03%	0.09%	0.03%
WMS	D	0.02%	0.2%	0.02%
WMT	A	1.42%	1.74%	1.42%
XRAY	F	0.01%	0.18%	0.01%
YETI	C	0.01%	0.22%	0.01%
ZION	B	0.03%	0.32%	0.03%

IWD Overweight 720 Positions Relative to VFQY

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
XOM	B	2.08%
UNH	C	1.98%
BAC	A	1.23%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	C	0.86%
LIN	D	0.84%
DIS	B	0.82%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
IBM	C	0.73%
VZ	C	0.68%
ABBV	D	0.65%
CMCSA	B	0.64%
TXN	C	0.63%
T	A	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%
COP	C	0.51%
C	A	0.51%
BSX	B	0.5%
HON	B	0.49%
CB	C	0.45%
MDT	D	0.44%
TMUS	B	0.44%
BMY	B	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%
DE	A	0.39%
UPS	C	0.38%
MMC	B	0.37%
MO	A	0.37%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
ICE	C	0.34%
CME	A	0.32%
CI	F	0.32%
HD	A	0.32%
WELL	A	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
LMT	D	0.3%
USB	A	0.3%
ELV	F	0.3%
AMD	F	0.29%
UNP	C	0.29%
KKR	A	0.28%
REGN	F	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%
FDX	B	0.26%
CVS	D	0.26%
CRH	A	0.26%
GM	B	0.25%
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%
ROP	B	0.23%
NSC	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
TRV	B	0.23%
VRTX	F	0.23%
JCI	C	0.22%
PCAR	B	0.22%
BK	A	0.22%
KMI	A	0.21%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	D	0.2%
DHI	D	0.19%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
O	D	0.19%
FIS	C	0.19%
MSTR	C	0.19%
PSA	D	0.18%
CCI	D	0.18%
PRU	A	0.18%
CRM	B	0.18%
LHX	C	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
BKR	B	0.17%
F	C	0.17%
SPG	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
AME	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
PCG	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%
MSI	B	0.16%
FERG	B	0.15%
STZ	D	0.15%
CTSH	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
APH	A	0.14%
NUE	C	0.14%
GIS	D	0.14%
KDP	D	0.14%
MTB	A	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%
VICI	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%
CL	D	0.13%
DD	D	0.13%
EXR	D	0.13%
GPN	B	0.12%
HLT	A	0.12%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
RJF	A	0.12%
TTWO	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
DOW	F	0.12%
ETR	B	0.12%
EIX	B	0.12%
WTW	B	0.12%
FITB	A	0.12%
SQ	B	0.11%
HPQ	B	0.11%
HPE	B	0.11%
VMC	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
EQR	B	0.11%
ON	D	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
XYL	D	0.11%
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%
KEYS	A	0.1%
TROW	B	0.1%
HAL	C	0.1%
AWK	D	0.1%
FTV	C	0.1%
FCNCA	A	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%
ZBH	C	0.09%
YUM	B	0.09%
CINF	A	0.09%
BIIB	F	0.09%
HUBB	B	0.09%
PGR	A	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	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%
LH	C	0.08%
PFG	D	0.08%
IP	B	0.08%
FSLR	F	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
PKG	A	0.08%
K	A	0.08%
CBOE	B	0.08%
ZM	B	0.08%
HOOD	B	0.08%
LYB	F	0.08%
EXE	B	0.08%
APO	B	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
TDY	B	0.08%
ATO	A	0.08%
MKL	A	0.07%
OC	A	0.07%
CVNA	B	0.07%
TRMB	B	0.07%
MAS	D	0.07%
IEX	B	0.07%
PNR	A	0.07%
J	F	0.07%
TRU	D	0.07%
KEY	B	0.07%
DGX	A	0.07%
WRB	A	0.07%
WSO	A	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
MKC	D	0.07%
OMC	C	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
ESS	B	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EWBC	A	0.06%
VRSN	F	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%
BRO	B	0.06%
THC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
L	A	0.06%
RGA	A	0.06%
VTRS	A	0.06%
SUI	D	0.06%
ZBRA	B	0.06%
TOL	B	0.06%
LNT	A	0.06%
SSNC	B	0.06%
FNF	B	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
GEN	B	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
UHS	D	0.05%
SOFI	A	0.05%
CAH	B	0.05%
FDS	B	0.05%
EMN	D	0.05%
MRNA	F	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	0.05%
NTNX	A	0.05%
WPC	D	0.05%
FTI	A	0.05%
ALLE	D	0.05%
ALB	C	0.05%
BXP	D	0.05%
EPAM	C	0.05%
CPT	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
AMH	D	0.05%
CAG	D	0.05%
BG	F	0.05%
GLPI	C	0.05%
UNM	A	0.05%
ELS	C	0.05%
AFRM	B	0.05%
SWK	D	0.05%
AKAM	D	0.05%
TWLO	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%
RGLD	C	0.04%
ORI	A	0.04%
JEF	A	0.04%
DRI	B	0.04%
PNFP	B	0.04%
BRBR	A	0.04%
FRT	B	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%
ARMK	B	0.04%
EHC	B	0.04%
AES	F	0.04%
NLY	C	0.04%
OHI	C	0.04%
AFG	A	0.04%
GME	C	0.04%
LAD	A	0.04%
RPRX	D	0.04%
DAY	B	0.04%
LKQ	D	0.04%
ALSN	B	0.04%
WWD	B	0.04%
IPG	D	0.04%
WBS	A	0.04%
CACI	D	0.04%
TECH	D	0.04%
PNW	B	0.04%
FOXA	B	0.04%
CCK	C	0.04%
EVR	B	0.04%
CTLT	B	0.04%
CUBE	D	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
FTNT	C	0.04%
TAP	C	0.04%
SJM	D	0.04%
ATR	B	0.04%
CG	A	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	0.04%
KMX	B	0.04%
SF	B	0.04%
AIZ	A	0.04%
OVV	B	0.04%
COLB	A	0.03%
CGNX	C	0.03%
FAF	A	0.03%
IVZ	B	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%
DINO	D	0.03%
AXS	A	0.03%
MKSI	C	0.03%
FMC	D	0.03%
ALK	C	0.03%
WSM	B	0.03%
WH	B	0.03%
HRB	D	0.03%
DAR	C	0.03%
FCN	D	0.03%
FND	C	0.03%
MTSI	B	0.03%
GXO	B	0.03%
RLI	B	0.03%
FR	C	0.03%
ATI	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%
MHK	D	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	A	0.03%
DASH	A	0.03%
MNST	C	0.03%
JAZZ	B	0.03%
ADC	B	0.03%
KEX	C	0.03%
HII	D	0.03%
PR	B	0.03%
NNN	D	0.03%
BERY	B	0.03%
FLS	B	0.03%
G	B	0.03%
SHW	A	0.03%
MTCH	D	0.03%
RRC	B	0.03%
CHRD	D	0.03%
ACI	C	0.03%
CZR	F	0.03%
SNV	B	0.03%
X	C	0.03%
TKO	B	0.03%
APG	B	0.03%
CFR	B	0.03%
APA	D	0.03%
LAMR	D	0.03%
WAT	B	0.03%
RIVN	F	0.03%
CPB	D	0.03%
FICO	B	0.03%
EGP	F	0.03%
GPK	C	0.03%
MTZ	B	0.03%
JLL	D	0.03%
MOS	F	0.03%
CBSH	A	0.03%
OGE	B	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%
BRX	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
MGM	D	0.03%
SNX	C	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%
PTC	A	0.03%
OGN	D	0.02%
LINE	F	0.02%
SITE	D	0.02%
HOG	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
PAYC	B	0.02%
GFS	C	0.02%
DLB	B	0.02%
AN	C	0.02%
WLK	D	0.02%
KMPR	B	0.02%
GAP	C	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%
DBX	B	0.02%
KRC	C	0.02%
CUZ	B	0.02%
AZO	C	0.02%
AGO	B	0.02%
ST	F	0.02%
FRPT	B	0.02%
AVT	C	0.02%
ROIV	C	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%
POST	C	0.02%
CCCS	B	0.02%
LEA	D	0.02%
LITE	B	0.02%
EXAS	D	0.02%
ORLY	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%
FOX	A	0.02%
H	B	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%
OMF	A	0.02%
SAIC	F	0.02%
COLD	D	0.02%
ESI	A	0.02%
NOV	C	0.02%
SIRI	C	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
DDS	B	0.01%
SNDR	B	0.01%
REYN	D	0.01%
FTRE	D	0.01%
LEG	F	0.01%
WEN	D	0.01%
EXEL	B	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%
PPC	C	0.01%
QDEL	F	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
KSS	F	0.01%
LCID	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
LBTYA	B	0.01%
LYFT	C	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	0.01%
RCM	F	0.01%
CWEN	C	0.01%
WU	D	0.01%
AZTA	D	0.01%
JWN	C	0.01%
HAYW	B	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%
CC	C	0.01%
COTY	F	0.01%
SEE	C	0.01%
COLM	B	0.01%
AMKR	D	0.01%
VIRT	B	0.01%
ECG	C	0.01%
U	C	0.01%
AMED	F	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%
VAC	B	0.01%
ZI	D	0.01%
HUN	F	0.01%
AM	A	0.01%
HIW	D	0.01%
EPR	D	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	A	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%
CIVI	D	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	0.01%
NEU	C	0.01%
RH	B	0.01%
PLNT	A	0.01%
OLED	D	0.01%
TYL	B	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%
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%
FIVE	F	0.0%
CWEN	C	0.0%
HCP	B	0.0%
CAR	C	0.0%
MTN	C	0.0%
CNA	B	0.0%
PYCR	C	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 241 Positions Relative to VFQY

Symbol	Grade	Weight
AAPL	C	-2.03%
LULU	C	-1.81%
MRK	F	-1.69%
KLAC	D	-1.63%
ADBE	C	-1.6%
COST	B	-1.16%
AMZN	C	-1.12%
META	D	-1.0%
IDXX	F	-0.78%
EQH	B	-0.61%
NVDA	C	-0.53%
CVLT	B	-0.49%
FBP	B	-0.48%
ALKS	B	-0.43%
POOL	C	-0.42%
VRT	B	-0.39%
CNO	A	-0.39%
TDC	D	-0.38%
EXPE	B	-0.38%
TBBK	B	-0.37%
LNTH	D	-0.37%
AX	A	-0.37%
CASH	A	-0.36%
ANF	C	-0.36%
OFG	B	-0.34%
IT	C	-0.34%
MANH	D	-0.33%
UFPI	B	-0.33%
DECK	A	-0.33%
WLY	B	-0.32%
QLYS	C	-0.32%
MPWR	F	-0.32%
BFH	B	-0.32%
TPL	A	-0.31%
WSFS	A	-0.31%
AEO	F	-0.29%
JXN	C	-0.29%
CDNS	B	-0.28%
LMB	A	-0.28%
APOG	B	-0.27%
NTB	B	-0.26%
ADSK	A	-0.26%
APPF	B	-0.24%
AIT	A	-0.24%
LLY	F	-0.24%
BBW	B	-0.24%
NUS	D	-0.23%
YOU	D	-0.22%
WFRD	D	-0.22%
MEDP	D	-0.22%
BLBD	D	-0.22%
SHOO	D	-0.21%
MLI	C	-0.21%
CPNG	D	-0.21%
KFRC	D	-0.2%
WDFC	B	-0.2%
TREX	C	-0.2%
IESC	B	-0.19%
CRVL	A	-0.19%
PJT	A	-0.19%
BBSI	B	-0.18%
ASO	F	-0.18%
TNET	D	-0.18%
TK	D	-0.17%
EXTR	B	-0.17%
EPAC	B	-0.17%
CHCO	B	-0.17%
ROL	B	-0.17%
NMIH	D	-0.17%
CSWI	A	-0.17%
BCC	B	-0.16%
IDT	B	-0.16%
PLMR	B	-0.16%
TDOC	C	-0.16%
MA	C	-0.16%
GOOGL	C	-0.16%
SONO	C	-0.16%
PEGA	A	-0.15%
SCS	C	-0.15%
NSP	D	-0.15%
BXC	B	-0.15%
WTS	B	-0.15%
PLAB	C	-0.15%
FIZZ	C	-0.15%
COR	B	-0.14%
WHD	B	-0.14%
HCKT	B	-0.14%
GMS	B	-0.14%
HWKN	B	-0.14%
BELFB	C	-0.13%
PRDO	B	-0.13%
GTLB	B	-0.13%
JBSS	D	-0.13%
YELP	C	-0.13%
FC	F	-0.13%
HNI	B	-0.13%
GIII	D	-0.13%
FELE	B	-0.13%
CHGG	D	-0.13%
CCRN	F	-0.12%
SLVM	B	-0.12%
PDCO	D	-0.12%
CSGS	B	-0.12%
CPF	A	-0.12%
INDB	B	-0.12%
TILE	B	-0.12%
ATEN	B	-0.12%
WABC	B	-0.12%
XP	F	-0.12%
PEN	B	-0.12%
UVE	B	-0.11%
CEIX	A	-0.11%
CATY	B	-0.11%
PCRX	C	-0.11%
BKE	B	-0.11%
CAL	D	-0.11%
STRL	B	-0.11%
CUBI	C	-0.11%
PRMW	C	-0.11%
FIX	A	-0.11%
DFIN	D	-0.1%
MCRI	A	-0.1%
ODFL	B	-0.1%
THRY	F	-0.1%
LANC	C	-0.1%
MBUU	C	-0.1%
SPTN	D	-0.1%
SRCE	B	-0.1%
ACAD	D	-0.1%
LCII	C	-0.1%
PINS	D	-0.1%
MRC	B	-0.1%
KAI	A	-0.1%
SUPN	C	-0.09%
BHLB	B	-0.09%
RSI	B	-0.09%
PSMT	C	-0.09%
TCBI	B	-0.09%
SPOT	B	-0.09%
ELF	C	-0.09%
OXM	D	-0.09%
CBU	B	-0.09%
LZB	B	-0.09%
SFIX	B	-0.08%
ENPH	F	-0.08%
CRCT	F	-0.08%
ETD	C	-0.08%
ARLO	C	-0.08%
MLKN	D	-0.08%
CVBF	A	-0.08%
CDRE	D	-0.08%
SM	B	-0.08%
AMSF	B	-0.08%
EGY	D	-0.08%
SBSI	B	-0.07%
ANIP	F	-0.07%
MCO	B	-0.07%
AMAL	B	-0.07%
ACT	D	-0.07%
CDNA	D	-0.07%
EYE	C	-0.07%
YEXT	A	-0.07%
VRTS	B	-0.07%
PRLB	A	-0.07%
IOSP	B	-0.07%
CNXN	C	-0.07%
ASC	F	-0.07%
BMI	B	-0.07%
CARG	C	-0.07%
GCO	B	-0.07%
DHIL	A	-0.07%
ODP	F	-0.07%
ZEUS	C	-0.06%
APAM	B	-0.06%
LYTS	B	-0.06%
NSSC	D	-0.06%
MUSA	A	-0.06%
CRAI	B	-0.06%
FULT	A	-0.06%
MMS	F	-0.06%
USNA	C	-0.06%
MYGN	F	-0.06%
DAKT	B	-0.06%
EVER	F	-0.06%
AVAV	D	-0.06%
POWL	C	-0.06%
RDN	C	-0.06%
ACCO	C	-0.05%
OSUR	F	-0.05%
ICFI	F	-0.05%
HVT	D	-0.05%
WTTR	B	-0.05%
VITL	D	-0.05%
IMKTA	C	-0.05%
TTI	C	-0.05%
SCHL	D	-0.04%
ORGO	B	-0.04%
TH	C	-0.04%
EXLS	B	-0.04%
CPRX	C	-0.04%
UTI	A	-0.04%
MCFT	B	-0.04%
HY	D	-0.04%
AMR	C	-0.04%
LQDT	B	-0.04%
GOLF	B	-0.04%
REVG	B	-0.04%
SXI	B	-0.04%
HAE	C	-0.04%
MBIN	D	-0.04%
HNST	B	-0.04%
OEC	C	-0.04%
CTS	C	-0.04%
TNK	F	-0.04%
KELYA	F	-0.03%
TNC	D	-0.03%
SXC	A	-0.03%
MOV	C	-0.03%
HAFC	A	-0.03%
BECN	B	-0.03%
OII	B	-0.03%
MLAB	D	-0.03%
UPBD	B	-0.03%
ANGO	D	-0.03%
DUOL	A	-0.03%
UDMY	F	-0.03%
GPRO	F	-0.03%
TBI	F	-0.03%
MYE	F	-0.03%
PFBC	B	-0.02%
TCBK	B	-0.02%
PLOW	D	-0.02%
INGN	C	-0.02%
ATKR	C	-0.02%
COUR	F	-0.02%
KRNY	B	-0.02%
EGBN	B	-0.02%
RYI	C	-0.02%
RGP	F	-0.02%
TCMD	A	-0.02%
LKFN	B	-0.02%