SPY vs. ILCB ETF Comparison

Comparison of SPDR S&P 500 (SPY) to iShares Morningstar U.S. Equity ETF (ILCB)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$568.25

Average Daily Volume

51,175,729

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. 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. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.72

Average Daily Volume

54,243

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	SPY	ILCB
30 Days	1.67%	1.61%
60 Days	2.77%	2.77%
90 Days	4.68%	4.72%
12 Months	33.51%	32.93%

472 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in ILCB	Overlap
A	C	0.09%	0.08%	0.08%
AAPL	C	6.87%	6.47%	6.47%
ABBV	C	0.74%	0.69%	0.69%
ABNB	D	0.11%	0.1%	0.1%
ABT	C	0.43%	0.41%	0.41%
ACGL	B	0.09%	0.08%	0.08%
ACN	C	0.47%	0.44%	0.44%
ADBE	F	0.56%	0.48%	0.48%
ADI	C	0.24%	0.23%	0.23%
ADM	D	0.06%	0.06%	0.06%
ADP	B	0.24%	0.23%	0.23%
ADSK	C	0.12%	0.11%	0.11%
AEE	A	0.05%	0.05%	0.05%
AEP	C	0.12%	0.11%	0.11%
AES	C	0.03%	0.03%	0.03%
AFL	C	0.12%	0.11%	0.11%
AIG	D	0.1%	0.1%	0.1%
AJG	D	0.14%	0.13%	0.13%
AKAM	D	0.03%	0.03%	0.03%
ALB	F	0.02%	0.02%	0.02%
ALGN	D	0.03%	0.04%	0.03%
ALL	B	0.1%	0.1%	0.1%
ALLE	C	0.03%	0.03%	0.03%
AMAT	D	0.33%	0.31%	0.31%
AMCR	C	0.03%	0.03%	0.03%
AMD	D	0.52%	0.5%	0.5%
AME	C	0.08%	0.08%	0.08%
AMGN	B	0.38%	0.36%	0.36%
AMP	B	0.09%	0.09%	0.09%
AMT	C	0.24%	0.22%	0.22%
AMZN	C	3.61%	3.53%	3.53%
ANET	A	0.18%	0.19%	0.18%
ANSS	D	0.06%	0.06%	0.06%
AON	B	0.16%	0.15%	0.15%
AOS	D	0.02%	0.02%	0.02%
APA	F	0.02%	0.02%	0.02%
APD	B	0.13%	0.13%	0.13%
APH	C	0.16%	0.15%	0.15%
APTV	D	0.04%	0.03%	0.03%
ARE	C	0.04%	0.04%	0.04%
ATO	B	0.04%	0.04%	0.04%
AVB	C	0.07%	0.07%	0.07%
AVGO	C	1.48%	1.54%	1.48%
AVY	D	0.04%	0.04%	0.04%
AWK	C	0.06%	0.06%	0.06%
AXON	A	0.05%	0.05%	0.05%
AXP	B	0.31%	0.3%	0.3%
AZO	D	0.12%	0.11%	0.11%
BA	F	0.2%	0.19%	0.19%
BAC	D	0.57%	0.53%	0.53%
BALL	C	0.04%	0.04%	0.04%
BAX	C	0.04%	0.04%	0.04%
BBY	C	0.04%	0.04%	0.04%
BDX	F	0.14%	0.14%	0.14%
BEN	F	0.01%	0.01%	0.01%
BG	D	0.03%	0.03%	0.03%
BIIB	F	0.06%	0.06%	0.06%
BK	A	0.11%	0.1%	0.1%
BKNG	B	0.28%	0.27%	0.27%
BKR	C	0.07%	0.07%	0.07%
BLDR	C	0.04%	0.05%	0.04%
BLK	B	0.26%	0.27%	0.26%
BMY	C	0.21%	0.2%	0.2%
BR	D	0.05%	0.05%	0.05%
BRK.A	C	1.76%	1.63%	1.63%
BRO	C	0.05%	0.05%	0.05%
BSX	B	0.26%	0.25%	0.25%
BX	B	0.22%	0.22%	0.22%
BXP	B	0.02%	0.03%	0.02%
C	D	0.23%	0.22%	0.22%
CAG	C	0.03%	0.03%	0.03%
CAH	C	0.06%	0.06%	0.06%
CARR	B	0.13%	0.13%	0.13%
CAT	B	0.35%	0.34%	0.34%
CB	B	0.25%	0.24%	0.24%
CBRE	A	0.07%	0.07%	0.07%
CCI	C	0.11%	0.1%	0.1%
CCL	C	0.04%	0.03%	0.03%
CDNS	D	0.15%	0.15%	0.15%
CDW	D	0.06%	0.06%	0.06%
CE	F	0.03%	0.03%	0.03%
CEG	A	0.13%	0.12%	0.12%
CF	C	0.03%	0.03%	0.03%
CFG	C	0.04%	0.04%	0.04%
CHD	C	0.05%	0.05%	0.05%
CHTR	D	0.07%	0.07%	0.07%
CI	C	0.22%	0.21%	0.21%
CINF	C	0.05%	0.04%	0.04%
CL	C	0.19%	0.18%	0.18%
CLX	C	0.04%	0.04%	0.04%
CMCSA	D	0.32%	0.31%	0.31%
CME	C	0.17%	0.16%	0.16%
CMG	C	0.16%	0.15%	0.15%
CMI	C	0.09%	0.08%	0.08%
CMS	B	0.04%	0.04%	0.04%
CNC	C	0.08%	0.08%	0.08%
CNP	D	0.04%	0.04%	0.04%
COF	A	0.11%	0.11%	0.11%
COP	D	0.26%	0.24%	0.24%
COST	B	0.85%	0.82%	0.82%
CPAY	C	0.05%	0.04%	0.04%
CPB	B	0.02%	0.02%	0.02%
CPRT	D	0.09%	0.09%	0.09%
CPT	B	0.03%	0.03%	0.03%
CRL	F	0.02%	0.02%	0.02%
CRM	D	0.52%	0.48%	0.48%
CRWD	D	0.13%	0.12%	0.12%
CSCO	B	0.43%	0.4%	0.4%
CSGP	D	0.07%	0.06%	0.06%
CSX	D	0.14%	0.13%	0.13%
CTAS	C	0.15%	0.15%	0.15%
CTRA	D	0.04%	0.03%	0.03%
CTSH	C	0.08%	0.08%	0.08%
CTVA	B	0.08%	0.08%	0.08%
CVS	F	0.15%	0.15%	0.15%
CVX	D	0.51%	0.49%	0.49%
D	B	0.1%	0.1%	0.1%
DAL	C	0.06%	0.06%	0.06%
DAY	D	0.02%	0.02%	0.02%
DD	B	0.07%	0.07%	0.07%
DE	B	0.22%	0.2%	0.2%
DECK	D	0.05%	0.05%	0.05%
DFS	B	0.07%	0.07%	0.07%
DG	F	0.04%	0.04%	0.04%
DGX	C	0.04%	0.03%	0.03%
DHI	C	0.12%	0.12%	0.12%
DHR	C	0.38%	0.37%	0.37%
DIS	D	0.34%	0.33%	0.33%
DLR	B	0.11%	0.1%	0.1%
DLTR	F	0.03%	0.03%	0.03%
DOC	C	0.03%	0.03%	0.03%
DOV	B	0.05%	0.05%	0.05%
DOW	D	0.08%	0.07%	0.07%
DPZ	D	0.03%	0.03%	0.03%
DRI	B	0.04%	0.04%	0.04%
DTE	B	0.05%	0.05%	0.05%
DUK	B	0.19%	0.18%	0.18%
DVA	B	0.02%	0.02%	0.02%
DVN	D	0.05%	0.05%	0.05%
DXCM	F	0.06%	0.06%	0.06%
EA	D	0.08%	0.07%	0.07%
EBAY	B	0.07%	0.06%	0.06%
ECL	A	0.14%	0.13%	0.13%
ED	C	0.08%	0.07%	0.07%
EFX	C	0.08%	0.08%	0.08%
EG	C	0.03%	0.03%	0.03%
EIX	C	0.07%	0.07%	0.07%
EL	F	0.04%	0.04%	0.04%
ELV	C	0.27%	0.26%	0.26%
EMN	B	0.03%	0.02%	0.02%
EMR	D	0.12%	0.12%	0.12%
ENPH	D	0.03%	0.03%	0.03%
EOG	D	0.15%	0.14%	0.14%
EPAM	F	0.02%	0.02%	0.02%
EQIX	B	0.18%	0.17%	0.17%
EQR	C	0.06%	0.05%	0.05%
EQT	D	0.04%	0.04%	0.04%
ES	C	0.05%	0.05%	0.05%
ESS	C	0.04%	0.04%	0.04%
ETN	C	0.25%	0.25%	0.25%
ETR	A	0.06%	0.05%	0.05%
EVRG	B	0.03%	0.03%	0.03%
EW	F	0.09%	0.08%	0.08%
EXC	B	0.08%	0.08%	0.08%
EXPD	C	0.04%	0.03%	0.03%
EXPE	C	0.04%	0.03%	0.03%
EXR	B	0.08%	0.08%	0.08%
F	F	0.09%	0.08%	0.08%
FANG	D	0.06%	0.06%	0.06%
FAST	C	0.08%	0.08%	0.08%
FCX	D	0.13%	0.12%	0.12%
FDS	C	0.04%	0.03%	0.03%
FDX	F	0.14%	0.13%	0.13%
FE	C	0.05%	0.05%	0.05%
FFIV	B	0.03%	0.02%	0.02%
FICO	B	0.1%	0.09%	0.09%
FIS	B	0.1%	0.1%	0.1%
FITB	B	0.06%	0.06%	0.06%
FOX	B	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.02%	0.02%
FSLR	C	0.05%	0.05%	0.05%
FTNT	B	0.1%	0.1%	0.1%
FTV	C	0.05%	0.05%	0.05%
GD	B	0.15%	0.14%	0.14%
GDDY	C	0.05%	0.04%	0.04%
GE	A	0.39%	0.39%	0.39%
GEHC	C	0.08%	0.07%	0.07%
GEV	B	0.12%	0.12%	0.12%
GILD	B	0.22%	0.21%	0.21%
GIS	B	0.09%	0.08%	0.08%
GLW	B	0.07%	0.07%	0.07%
GM	B	0.11%	0.11%	0.11%
GOOG	D	1.59%	1.67%	1.59%
GOOGL	D	1.9%	1.86%	1.86%
GPC	D	0.04%	0.04%	0.04%
GPN	D	0.06%	0.06%	0.06%
GRMN	D	0.06%	0.05%	0.05%
GS	C	0.33%	0.31%	0.31%
GWW	A	0.09%	0.09%	0.09%
HAL	F	0.05%	0.05%	0.05%
HBAN	B	0.04%	0.04%	0.04%
HCA	A	0.16%	0.15%	0.15%
HD	A	0.79%	0.76%	0.76%
HES	D	0.07%	0.07%	0.07%
HIG	B	0.07%	0.07%	0.07%
HII	D	0.02%	0.02%	0.02%
HLT	B	0.11%	0.11%	0.11%
HOLX	C	0.04%	0.04%	0.04%
HON	D	0.28%	0.27%	0.27%
HPE	D	0.05%	0.05%	0.05%
HPQ	D	0.06%	0.07%	0.06%
HRL	D	0.02%	0.02%	0.02%
HST	C	0.03%	0.02%	0.02%
HSY	D	0.06%	0.06%	0.06%
HUBB	A	0.05%	0.04%	0.04%
HUM	F	0.08%	0.08%	0.08%
HWM	B	0.08%	0.08%	0.08%
IBM	A	0.41%	0.4%	0.4%
ICE	C	0.2%	0.19%	0.19%
IDXX	D	0.09%	0.08%	0.08%
IEX	D	0.03%	0.03%	0.03%
IFF	C	0.06%	0.05%	0.05%
INCY	C	0.02%	0.02%	0.02%
INTC	F	0.18%	0.17%	0.17%
INTU	C	0.39%	0.37%	0.37%
INVH	C	0.04%	0.04%	0.04%
IP	C	0.03%	0.03%	0.03%
IPG	C	0.03%	0.02%	0.02%
IQV	D	0.09%	0.09%	0.09%
IR	C	0.08%	0.07%	0.07%
IRM	B	0.07%	0.07%	0.07%
ISRG	C	0.37%	0.35%	0.35%
IT	A	0.08%	0.08%	0.08%
ITW	C	0.14%	0.15%	0.14%
J	C	0.04%	0.04%	0.04%
JBHT	D	0.03%	0.03%	0.03%
JBL	D	0.03%	0.03%	0.03%
JCI	B	0.1%	0.1%	0.1%
JKHY	C	0.03%	0.03%	0.03%
JNJ	C	0.85%	0.8%	0.8%
JNPR	A	0.03%	0.03%	0.03%
JPM	D	1.27%	1.18%	1.18%
K	A	0.05%	0.04%	0.04%
KDP	B	0.08%	0.08%	0.08%
KEY	B	0.03%	0.03%	0.03%
KEYS	C	0.06%	0.05%	0.05%
KHC	C	0.06%	0.06%	0.06%
KIM	C	0.03%	0.03%	0.03%
KKR	A	0.17%	0.16%	0.16%
KLAC	D	0.22%	0.2%	0.2%
KMB	D	0.1%	0.1%	0.1%
KMI	A	0.09%	0.08%	0.08%
KMX	D	0.03%	0.02%	0.02%
KO	B	0.59%	0.56%	0.56%
KR	C	0.07%	0.08%	0.07%
KVUE	C	0.09%	0.08%	0.08%
L	D	0.03%	0.03%	0.03%
LDOS	B	0.04%	0.04%	0.04%
LEN	C	0.09%	0.09%	0.09%
LEN	C	0.09%	0.0%	0.0%
LHX	C	0.09%	0.09%	0.09%
LIN	B	0.48%	0.45%	0.45%
LKQ	F	0.02%	0.02%	0.02%
LLY	C	1.57%	1.58%	1.57%
LMT	B	0.26%	0.24%	0.24%
LNT	B	0.03%	0.03%	0.03%
LOW	A	0.3%	0.29%	0.29%
LRCX	F	0.21%	0.2%	0.2%
LULU	D	0.06%	0.06%	0.06%
LUV	C	0.04%	0.03%	0.03%
LVS	D	0.03%	0.03%	0.03%
LW	D	0.02%	0.02%	0.02%
LYB	F	0.05%	0.05%	0.05%
LYV	B	0.03%	0.03%	0.03%
MA	B	0.86%	0.82%	0.82%
MAA	C	0.04%	0.04%	0.04%
MAR	C	0.12%	0.11%	0.11%
MAS	B	0.04%	0.04%	0.04%
MCD	B	0.45%	0.43%	0.43%
MCHP	D	0.09%	0.08%	0.08%
MCK	F	0.14%	0.14%	0.14%
MCO	A	0.16%	0.15%	0.15%
MDLZ	C	0.21%	0.2%	0.2%
MDT	C	0.26%	0.24%	0.24%
MET	A	0.1%	0.09%	0.09%
META	A	2.4%	2.32%	2.32%
MGM	D	0.02%	0.02%	0.02%
MKC	C	0.04%	0.04%	0.04%
MLM	D	0.07%	0.07%	0.07%
MMC	C	0.24%	0.23%	0.23%
MMM	A	0.15%	0.15%	0.15%
MNST	D	0.08%	0.08%	0.08%
MO	C	0.2%	0.18%	0.18%
MOH	D	0.04%	0.04%	0.04%
MOS	F	0.02%	0.02%	0.02%
MPC	D	0.12%	0.12%	0.12%
MPWR	C	0.09%	0.09%	0.09%
MRK	D	0.62%	0.59%	0.59%
MRNA	F	0.06%	0.05%	0.05%
MRO	C	0.03%	0.03%	0.03%
MS	C	0.26%	0.25%	0.25%
MSCI	C	0.1%	0.09%	0.09%
MSFT	C	6.73%	6.45%	6.45%
MSI	B	0.15%	0.15%	0.15%
MTB	A	0.06%	0.06%	0.06%
MTD	D	0.06%	0.06%	0.06%
MU	F	0.21%	0.2%	0.2%
NDAQ	A	0.06%	0.06%	0.06%
NDSN	C	0.03%	0.03%	0.03%
NEE	C	0.37%	0.35%	0.35%
NEM	B	0.13%	0.12%	0.12%
NFLX	B	0.63%	0.61%	0.61%
NI	B	0.03%	0.03%	0.03%
NKE	D	0.2%	0.19%	0.19%
NOC	A	0.15%	0.16%	0.15%
NOW	A	0.38%	0.36%	0.36%
NRG	A	0.04%	0.03%	0.03%
NSC	C	0.12%	0.11%	0.11%
NTAP	D	0.05%	0.05%	0.05%
NTRS	B	0.04%	0.04%	0.04%
NUE	F	0.07%	0.07%	0.07%
NVDA	D	6.15%	5.72%	5.72%
NVR	B	0.06%	0.06%	0.06%
NWS	D	0.01%	0.01%	0.01%
NWSA	D	0.02%	0.02%	0.02%
NXPI	D	0.13%	0.12%	0.12%
O	C	0.12%	0.11%	0.11%
ODFL	D	0.07%	0.07%	0.07%
OKE	B	0.11%	0.11%	0.11%
OMC	B	0.04%	0.04%	0.04%
ON	F	0.06%	0.06%	0.06%
ORCL	B	0.54%	0.52%	0.52%
ORLY	D	0.14%	0.13%	0.13%
OTIS	C	0.08%	0.08%	0.08%
OXY	F	0.07%	0.06%	0.06%
PANW	C	0.24%	0.23%	0.23%
PAYC	D	0.02%	0.02%	0.02%
PAYX	C	0.09%	0.09%	0.09%
PCAR	D	0.11%	0.1%	0.1%
PCG	B	0.09%	0.08%	0.08%
PEG	A	0.09%	0.08%	0.08%
PEP	D	0.52%	0.49%	0.49%
PFE	C	0.36%	0.33%	0.33%
PFG	B	0.04%	0.04%	0.04%
PG	C	0.88%	0.83%	0.83%
PGR	A	0.31%	0.3%	0.3%
PH	A	0.16%	0.15%	0.15%
PHM	B	0.06%	0.06%	0.06%
PKG	B	0.04%	0.04%	0.04%
PLD	C	0.26%	0.24%	0.24%
PM	C	0.42%	0.39%	0.39%
PNC	A	0.15%	0.14%	0.14%
PNR	B	0.03%	0.03%	0.03%
PODD	B	0.03%	0.03%	0.03%
POOL	D	0.03%	0.03%	0.03%
PPG	D	0.06%	0.06%	0.06%
PPL	B	0.05%	0.05%	0.05%
PRU	C	0.09%	0.08%	0.08%
PSA	B	0.12%	0.11%	0.11%
PSX	D	0.11%	0.11%	0.11%
PTC	D	0.04%	0.04%	0.04%
PWR	B	0.08%	0.08%	0.08%
PYPL	B	0.16%	0.15%	0.15%
QCOM	F	0.4%	0.38%	0.38%
QRVO	F	0.02%	0.02%	0.02%
RCL	A	0.08%	0.08%	0.08%
REG	C	0.03%	0.03%	0.03%
REGN	C	0.26%	0.25%	0.25%
RF	B	0.04%	0.04%	0.04%
RJF	C	0.05%	0.05%	0.05%
RMD	C	0.08%	0.07%	0.07%
ROK	F	0.06%	0.06%	0.06%
ROL	C	0.03%	0.03%	0.03%
ROP	C	0.13%	0.12%	0.12%
ROST	C	0.11%	0.1%	0.1%
RSG	D	0.09%	0.08%	0.08%
RTX	C	0.34%	0.32%	0.32%
SBAC	C	0.06%	0.05%	0.05%
SBUX	C	0.24%	0.23%	0.23%
SCHW	D	0.2%	0.18%	0.18%
SHW	B	0.19%	0.18%	0.18%
SJM	C	0.03%	0.03%	0.03%
SLB	F	0.12%	0.12%	0.12%
SMCI	F	0.05%	0.05%	0.05%
SNA	C	0.03%	0.03%	0.03%
SNPS	D	0.16%	0.15%	0.15%
SO	A	0.21%	0.2%	0.2%
SOLV	C	0.02%	0.02%	0.02%
SPG	A	0.11%	0.1%	0.1%
SPGI	A	0.35%	0.33%	0.33%
SRE	B	0.11%	0.11%	0.11%
STE	C	0.05%	0.05%	0.05%
STLD	D	0.03%	0.03%	0.03%
STT	B	0.05%	0.05%	0.05%
STX	C	0.04%	0.04%	0.04%
STZ	D	0.09%	0.08%	0.08%
SW	C	0.05%	0.05%	0.05%
SWK	B	0.03%	0.03%	0.03%
SWKS	F	0.03%	0.03%	0.03%
SYF	C	0.04%	0.04%	0.04%
SYK	C	0.27%	0.27%	0.27%
SYY	D	0.08%	0.08%	0.08%
T	C	0.33%	0.31%	0.31%
TAP	D	0.02%	0.02%	0.02%
TDG	B	0.16%	0.15%	0.15%
TDY	C	0.04%	0.04%	0.04%
TECH	D	0.02%	0.02%	0.02%
TEL	D	0.09%	0.09%	0.09%
TER	D	0.04%	0.04%	0.04%
TFC	D	0.12%	0.11%	0.11%
TFX	C	0.02%	0.02%	0.02%
TGT	C	0.15%	0.14%	0.14%
TJX	C	0.29%	0.27%	0.27%
TMO	C	0.51%	0.47%	0.47%
TMUS	C	0.22%	0.16%	0.16%
TRGP	B	0.07%	0.07%	0.07%
TRMB	C	0.03%	0.03%	0.03%
TROW	D	0.05%	0.05%	0.05%
TRV	B	0.11%	0.11%	0.11%
TSCO	C	0.06%	0.06%	0.06%
TSLA	C	1.35%	1.29%	1.29%
TSN	D	0.04%	0.03%	0.03%
TT	A	0.17%	0.17%	0.17%
TTWO	D	0.05%	0.05%	0.05%
TXN	C	0.39%	0.37%	0.37%
TXT	D	0.04%	0.03%	0.03%
TYL	C	0.05%	0.05%	0.05%
UAL	C	0.03%	0.03%	0.03%
UBER	C	0.31%	0.29%	0.29%
UDR	C	0.03%	0.03%	0.03%
UHS	B	0.03%	0.03%	0.03%
ULTA	D	0.04%	0.04%	0.04%
UNH	C	1.16%	1.1%	1.1%
UNP	C	0.32%	0.31%	0.31%
UPS	F	0.2%	0.19%	0.19%
URI	B	0.1%	0.1%	0.1%
USB	B	0.15%	0.14%	0.14%
V	C	0.96%	0.91%	0.91%
VICI	C	0.07%	0.07%	0.07%
VLO	F	0.09%	0.09%	0.09%
VLTO	B	0.05%	0.05%	0.05%
VMC	D	0.07%	0.06%	0.06%
VRSK	D	0.08%	0.08%	0.08%
VRSN	D	0.03%	0.03%	0.03%
VRTX	D	0.26%	0.25%	0.25%
VST	A	0.06%	0.06%	0.06%
VTR	C	0.06%	0.05%	0.05%
VTRS	D	0.03%	0.03%	0.03%
VZ	B	0.39%	0.38%	0.38%
WAB	A	0.06%	0.06%	0.06%
WAT	C	0.04%	0.04%	0.04%
WBA	F	0.01%	0.01%	0.01%
WBD	D	0.03%	0.04%	0.03%
WDC	D	0.04%	0.04%	0.04%
WEC	B	0.06%	0.06%	0.06%
WELL	C	0.16%	0.16%	0.16%
WFC	D	0.4%	0.37%	0.37%
WM	D	0.16%	0.15%	0.15%
WMB	B	0.12%	0.11%	0.11%
WMT	B	0.72%	0.71%	0.71%
WRB	C	0.04%	0.04%	0.04%
WST	D	0.05%	0.04%	0.04%
WTW	C	0.06%	0.06%	0.06%
WY	C	0.05%	0.05%	0.05%
WYNN	D	0.02%	0.02%	0.02%
XEL	B	0.08%	0.07%	0.07%
XOM	D	1.05%	1.01%	1.01%
XYL	D	0.07%	0.06%	0.06%
YUM	F	0.08%	0.08%	0.08%
ZBH	F	0.05%	0.04%	0.04%
ZBRA	B	0.04%	0.03%	0.03%
ZTS	C	0.18%	0.18%	0.18%

SPY Overweight 25 Positions Relative to ILCB

Symbol	Grade	Weight
CBOE	C	0.05%
AAL	D	0.02%
IVZ	B	0.02%
BWA	D	0.02%
MHK	C	0.02%
CZR	C	0.02%
FMC	C	0.02%
NCLH	C	0.02%
FRT	C	0.02%
HAS	B	0.02%
GL	C	0.02%
HSIC	D	0.02%
GNRC	D	0.02%
TPR	C	0.02%
MKTX	C	0.02%
MTCH	C	0.02%
AIZ	B	0.02%
PNW	B	0.02%
CTLT	B	0.02%
CHRW	A	0.02%
PARA	F	0.01%
BBWI	F	0.01%
ETSY	F	0.01%
BIO	C	0.01%
RL	B	0.01%

SPY Underweight 142 Positions Relative to ILCB

Symbol	Grade	Weight
FI	A	-0.21%
MELI	B	-0.21%
PLTR	A	-0.14%
MRVL	C	-0.13%
CRH	A	-0.12%
WDAY	D	-0.11%
TTD	B	-0.1%
APO	B	-0.09%
FERG	D	-0.08%
DASH	B	-0.08%
LNG	C	-0.08%
COR	D	-0.08%
VEEV	C	-0.07%
ALNY	C	-0.07%
SQ	D	-0.07%
SNOW	F	-0.07%
CPNG	A	-0.06%
DELL	C	-0.06%
VRT	C	-0.06%
COIN	F	-0.06%
DDOG	D	-0.06%
FCNCA	D	-0.05%
APP	B	-0.05%
NET	D	-0.05%
RBLX	B	-0.05%
HUBS	D	-0.05%
TEAM	D	-0.05%
ARES	A	-0.05%
WSM	D	-0.04%
BURL	C	-0.04%
DKNG	C	-0.04%
AVTR	C	-0.04%
SUI	C	-0.04%
EME	A	-0.04%
LH	C	-0.04%
LII	B	-0.04%
TRU	B	-0.04%
CSL	B	-0.04%
BAH	B	-0.04%
MKL	C	-0.04%
ILMN	C	-0.04%
MDB	D	-0.04%
MSTR	D	-0.04%
COO	B	-0.04%
CLH	A	-0.03%
FIX	A	-0.03%
BLD	D	-0.03%
DKS	D	-0.03%
XPO	D	-0.03%
UTHR	C	-0.03%
ERIE	B	-0.03%
RNR	B	-0.03%
GLPI	C	-0.03%
ACM	B	-0.03%
IBKR	A	-0.03%
AMH	C	-0.03%
TW	B	-0.03%
USFD	B	-0.03%
ELS	C	-0.03%
WPC	C	-0.03%
FNF	B	-0.03%
GGG	C	-0.03%
DT	C	-0.03%
RGA	B	-0.03%
CASY	D	-0.03%
NTNX	C	-0.03%
OC	D	-0.03%
PSTG	F	-0.03%
RVTY	C	-0.03%
TOL	B	-0.03%
ZS	F	-0.03%
NTRA	B	-0.03%
LPLA	F	-0.03%
RPM	B	-0.03%
GEN	B	-0.03%
TPL	A	-0.03%
HEI	A	-0.03%
RS	D	-0.03%
THC	B	-0.03%
BMRN	F	-0.03%
ZM	C	-0.03%
WSO	C	-0.03%
SSNC	B	-0.03%
MANH	A	-0.03%
FWONK	C	-0.03%
ENTG	D	-0.03%
PINS	F	-0.03%
ACI	F	-0.02%
DINO	F	-0.02%
CHK	D	-0.02%
AR	D	-0.02%
UNM	B	-0.02%
MORN	B	-0.02%
CG	D	-0.02%
MEDP	D	-0.02%
ALLY	D	-0.02%
CNH	D	-0.02%
WTRG	D	-0.02%
TWLO	C	-0.02%
BJ	D	-0.02%
AFG	B	-0.02%
CHDN	D	-0.02%
SNAP	F	-0.02%
LECO	F	-0.02%
RRX	C	-0.02%
OVV	F	-0.02%
WMS	D	-0.02%
NVT	D	-0.02%
HEI	A	-0.02%
RPRX	D	-0.02%
CCK	A	-0.02%
EQH	C	-0.02%
HOOD	C	-0.02%
SRPT	D	-0.02%
WING	B	-0.02%
PFGC	B	-0.02%
SAIA	D	-0.02%
DOCU	C	-0.02%
SCI	C	-0.02%
FND	C	-0.02%
EXAS	C	-0.02%
OKTA	F	-0.02%
NBIX	F	-0.02%
FLEX	C	-0.02%
TTEK	C	-0.02%
PAG	D	-0.01%
COTY	F	-0.01%
WLK	D	-0.01%
PCOR	F	-0.01%
CELH	F	-0.01%
SNX	D	-0.01%
U	D	-0.01%
SIRI	C	-0.01%
BRKR	D	-0.01%
AZPN	B	-0.01%
BSY	D	-0.01%
UHAL	B	-0.01%
CNM	F	-0.01%
UHAL	B	-0.0%
ALAB	D	-0.0%
FWONA	C	-0.0%
AGR	B	-0.0%