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

$593.35

Average Daily Volume

44,032,875

Number of Holdings ^*

498

* 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

$82.19

Average Daily Volume

39,265

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	SPY	ILCB
30 Days	2.34%	2.51%
60 Days	5.90%	5.87%
90 Days	7.37%	7.42%
12 Months	33.73%	33.22%

478 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in ILCB	Overlap
	A	F	0.08%	0.08%	0.08%
	AAPL	C	6.75%	6.14%	6.14%
	ABBV	F	0.71%	0.66%	0.66%
	ABNB	C	0.12%	0.11%	0.11%
	ABT	C	0.4%	0.38%	0.38%
	ACGL	C	0.08%	0.07%	0.07%
	ACN	B	0.44%	0.42%	0.42%
	ADBE	C	0.45%	0.41%	0.41%
	ADI	D	0.22%	0.21%	0.21%
	ADM	F	0.05%	0.05%	0.05%
	ADP	A	0.25%	0.23%	0.23%
	ADSK	B	0.13%	0.12%	0.12%
	AEE	B	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.1%	0.1%
	AES	F	0.02%	0.02%	0.02%
	AFL	C	0.11%	0.1%	0.1%
	AIG	B	0.1%	0.09%	0.09%
	AJG	A	0.13%	0.12%	0.12%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	C	0.02%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.1%	0.1%	0.1%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.31%	0.3%	0.3%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.47%	0.45%	0.45%
	AME	A	0.09%	0.08%	0.08%
	AMGN	F	0.34%	0.33%	0.33%
	AMP	A	0.11%	0.1%	0.1%
	AMT	F	0.18%	0.18%	0.18%
	AMZN	A	3.86%	3.72%	3.72%
	ANET	C	0.22%	0.19%	0.19%
	ANSS	B	0.06%	0.06%	0.06%
	AON	B	0.17%	0.16%	0.16%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.02%	0.02%	0.02%
	APD	B	0.14%	0.13%	0.13%
	APH	B	0.17%	0.17%	0.17%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.03%	0.03%
	ATO	B	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.06%	0.06%
	AVGO	C	1.67%	1.58%	1.58%
	AVY	F	0.03%	0.03%	0.03%
	AWK	D	0.05%	0.05%	0.05%
	AXON	B	0.07%	0.08%	0.07%
	AXP	B	0.33%	0.31%	0.31%
	AZO	B	0.11%	0.1%	0.1%
	BA	F	0.21%	0.21%	0.21%
	BAC	A	0.61%	0.57%	0.57%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.04%	0.03%	0.03%
	BBY	C	0.04%	0.03%	0.03%
	BDX	F	0.14%	0.13%	0.13%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.02%	0.02%	0.02%
	BIIB	F	0.05%	0.05%	0.05%
	BK	B	0.12%	0.11%	0.11%
	BKNG	A	0.33%	0.32%	0.32%
	BKR	B	0.08%	0.08%	0.08%
	BLDR	C	0.04%	0.04%	0.04%
	BMY	B	0.22%	0.21%	0.21%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.71%	1.57%	1.57%
	BRO	B	0.05%	0.05%	0.05%
	BSX	A	0.25%	0.24%	0.24%
	BX	A	0.25%	0.24%	0.24%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.26%	0.25%	0.25%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	C	0.13%	0.12%	0.12%
	CAT	B	0.4%	0.36%	0.36%
	CB	C	0.21%	0.2%	0.2%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	F	0.09%	0.09%	0.09%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.16%	0.15%	0.15%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.15%	0.14%	0.14%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHTR	B	0.08%	0.07%	0.07%
	CI	D	0.18%	0.17%	0.17%
	CINF	A	0.05%	0.04%	0.04%
	CL	F	0.15%	0.14%	0.14%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.32%	0.32%
	CME	B	0.16%	0.15%	0.15%
	CMG	B	0.16%	0.15%	0.15%
	CMI	A	0.1%	0.09%	0.09%
	CMS	D	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.06%	0.06%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.15%	0.13%	0.13%
	COP	C	0.26%	0.24%	0.24%
	COR	B	0.09%	0.08%	0.08%
	COST	B	0.79%	0.79%	0.79%
	CPAY	A	0.05%	0.05%	0.05%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	A	0.1%	0.09%	0.09%
	CPT	C	0.02%	0.02%	0.02%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.59%	0.56%	0.56%
	CRWD	B	0.15%	0.14%	0.14%
	CSCO	A	0.46%	0.44%	0.44%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	B	0.14%	0.13%	0.13%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	A	0.08%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.13%	0.13%
	CVX	A	0.53%	0.5%	0.5%
	D	D	0.1%	0.09%	0.09%
	DAL	A	0.08%	0.07%	0.07%
	DAY	B	0.03%	0.02%	0.02%
	DD	D	0.07%	0.07%	0.07%
	DE	D	0.21%	0.19%	0.19%
	DECK	B	0.05%	0.05%	0.05%
	DELL	C	0.08%	0.07%	0.07%
	DFS	B	0.09%	0.08%	0.08%
	DG	F	0.03%	0.03%	0.03%
	DGX	B	0.03%	0.03%	0.03%
	DHI	D	0.1%	0.1%	0.1%
	DHR	F	0.32%	0.3%	0.3%
	DIS	B	0.36%	0.34%	0.34%
	DLR	C	0.11%	0.11%	0.11%
	DLTR	F	0.03%	0.02%	0.02%
	DOC	C	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.07%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.17%	0.17%	0.17%
	DVA	C	0.01%	0.01%	0.01%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	C	0.05%	0.05%	0.05%
	EA	A	0.08%	0.07%	0.07%
	EBAY	C	0.06%	0.06%	0.06%
	ECL	C	0.12%	0.12%	0.12%
	ED	D	0.07%	0.06%	0.06%
	EFX	F	0.07%	0.06%	0.06%
	EG	D	0.03%	0.03%	0.03%
	EIX	C	0.06%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.2%	0.18%	0.18%
	EMN	D	0.02%	0.02%	0.02%
	EMR	A	0.14%	0.14%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.14%	0.15%	0.14%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	B	0.17%	0.16%	0.16%
	EQR	C	0.05%	0.05%	0.05%
	EQT	B	0.05%	0.04%	0.04%
	ERIE	F	0.02%	0.02%	0.02%
	ES	D	0.04%	0.04%	0.04%
	ESS	C	0.04%	0.04%	0.04%
	ETN	B	0.28%	0.28%	0.28%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	F	0.08%	0.08%	0.08%
	EXC	C	0.08%	0.07%	0.07%
	EXPD	C	0.03%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	D	0.07%	0.07%	0.07%
	F	C	0.09%	0.08%	0.08%
	FANG	C	0.07%	0.06%	0.06%
	FAST	B	0.1%	0.09%	0.09%
	FCX	F	0.13%	0.13%	0.13%
	FDS	A	0.04%	0.03%	0.03%
	FDX	B	0.13%	0.12%	0.12%
	FE	D	0.04%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.24%	0.23%	0.23%
	FICO	B	0.1%	0.11%	0.1%
	FIS	B	0.09%	0.09%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.1%	0.11%	0.1%
	FTV	C	0.05%	0.05%	0.05%
	GD	C	0.16%	0.14%	0.14%
	GDDY	B	0.05%	0.04%	0.04%
	GE	D	0.39%	0.38%	0.38%
	GEHC	D	0.08%	0.06%	0.06%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.18%	0.18%	0.18%
	GILD	B	0.23%	0.23%	0.23%
	GIS	F	0.07%	0.07%	0.07%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.12%	0.12%	0.12%
	GOOG	C	1.71%	1.77%	1.71%
	GOOGL	C	2.06%	1.97%	1.97%
	GPC	D	0.03%	0.03%	0.03%
	GPN	B	0.06%	0.05%	0.05%
	GRMN	A	0.06%	0.06%	0.06%
	GS	B	0.37%	0.36%	0.36%
	GWW	B	0.11%	0.1%	0.1%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	A	0.05%	0.05%	0.05%
	HCA	D	0.13%	0.13%	0.13%
	HD	B	0.77%	0.76%	0.76%
	HES	B	0.08%	0.07%	0.07%
	HIG	C	0.07%	0.07%	0.07%
	HII	F	0.02%	0.02%	0.02%
	HLT	A	0.12%	0.11%	0.11%
	HOLX	D	0.04%	0.03%	0.03%
	HON	B	0.28%	0.27%	0.27%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HST	D	0.03%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	C	0.05%	0.05%	0.05%
	HUM	D	0.07%	0.06%	0.06%
	HWM	B	0.09%	0.09%	0.09%
	IBM	D	0.39%	0.37%	0.37%
	ICE	C	0.18%	0.17%	0.17%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.04%	0.03%	0.03%
	IFF	F	0.04%	0.04%	0.04%
	INCY	B	0.03%	0.03%	0.03%
	INTC	C	0.21%	0.21%	0.21%
	INTU	A	0.36%	0.36%	0.36%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.04%	0.04%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.08%	0.08%	0.08%
	IR	A	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.36%	0.36%
	IT	B	0.08%	0.08%	0.08%
	ITW	B	0.15%	0.15%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.11%	0.11%
	JKHY	C	0.03%	0.02%	0.02%
	JNJ	D	0.76%	0.71%	0.71%
	JNPR	D	0.03%	0.02%	0.02%
	JPM	A	1.4%	1.27%	1.27%
	K	A	0.04%	0.04%	0.04%
	KDP	C	0.07%	0.07%	0.07%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	C	0.06%	0.05%	0.05%
	KHC	F	0.06%	0.05%	0.05%
	KIM	A	0.03%	0.03%	0.03%
	KKR	B	0.2%	0.19%	0.19%
	KLAC	F	0.18%	0.17%	0.17%
	KMB	D	0.09%	0.09%	0.09%
	KMI	B	0.1%	0.1%	0.1%
	KMX	B	0.02%	0.02%	0.02%
	KO	F	0.49%	0.47%	0.47%
	KR	A	0.08%	0.08%	0.08%
	KVUE	A	0.09%	0.08%	0.08%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.08%	0.08%	0.08%
	LEN	D	0.08%	0.0%	0.0%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.1%	0.09%	0.09%
	LIN	D	0.44%	0.42%	0.42%
	LKQ	C	0.02%	0.02%	0.02%
	LLY	F	1.22%	1.33%	1.22%
	LMT	D	0.23%	0.23%	0.23%
	LNT	C	0.03%	0.03%	0.03%
	LOW	B	0.3%	0.29%	0.29%
	LRCX	F	0.2%	0.19%	0.19%
	LULU	B	0.07%	0.06%	0.06%
	LUV	B	0.04%	0.04%	0.04%
	LVS	C	0.04%	0.04%	0.04%
	LW	B	0.02%	0.02%	0.02%
	LYB	F	0.04%	0.04%	0.04%
	LYV	A	0.04%	0.03%	0.03%
	MA	B	0.86%	0.81%	0.81%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.13%	0.12%	0.12%
	MAS	D	0.03%	0.03%	0.03%
	MCD	C	0.42%	0.41%	0.41%
	MCHP	F	0.08%	0.07%	0.07%
	MCK	B	0.14%	0.15%	0.14%
	MCO	C	0.14%	0.14%	0.14%
	MDLZ	F	0.18%	0.17%	0.17%
	MDT	D	0.23%	0.21%	0.21%
	MET	C	0.1%	0.09%	0.09%
	META	B	2.49%	2.44%	2.44%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.08%	0.07%	0.07%
	MMC	D	0.22%	0.21%	0.21%
	MMM	C	0.15%	0.14%	0.14%
	MNST	B	0.08%	0.07%	0.07%
	MO	A	0.18%	0.17%	0.17%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPC	D	0.1%	0.1%	0.1%
	MPWR	F	0.08%	0.07%	0.07%
	MRK	F	0.51%	0.49%	0.49%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.33%	0.31%	0.31%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	C	6.23%	5.93%	5.93%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.07%	0.07%	0.07%
	MTD	F	0.06%	0.05%	0.05%
	MU	D	0.25%	0.23%	0.23%
	NDAQ	B	0.06%	0.06%	0.06%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.31%	0.3%	0.3%
	NEM	F	0.1%	0.1%	0.1%
	NFLX	A	0.67%	0.64%	0.64%
	NI	A	0.03%	0.03%	0.03%
	NKE	F	0.18%	0.17%	0.17%
	NOC	D	0.14%	0.15%	0.14%
	NOW	A	0.41%	0.39%	0.39%
	NRG	C	0.04%	0.04%	0.04%
	NSC	B	0.12%	0.12%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	D	0.08%	0.07%	0.07%
	NVDA	A	7.14%	6.61%	6.61%
	NVR	D	0.06%	0.05%	0.05%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.02%	0.02%
	NXPI	F	0.12%	0.11%	0.11%
	O	D	0.1%	0.09%	0.09%
	ODFL	B	0.09%	0.08%	0.08%
	OKE	A	0.12%	0.12%	0.12%
	OMC	A	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.57%	0.57%
	ORLY	A	0.14%	0.13%	0.13%
	OTIS	D	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.06%	0.06%
	PANW	B	0.25%	0.24%	0.24%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.09%	0.08%	0.08%
	PEG	C	0.08%	0.08%	0.08%
	PEP	D	0.45%	0.43%	0.43%
	PFE	F	0.31%	0.29%	0.29%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.76%	0.75%	0.75%
	PGR	A	0.3%	0.29%	0.29%
	PH	A	0.18%	0.17%	0.17%
	PHM	D	0.05%	0.05%	0.05%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.21%	0.2%	0.2%
	PLTR	B	0.22%	0.22%	0.22%
	PM	B	0.39%	0.37%	0.37%
	PNC	B	0.16%	0.15%	0.15%
	PNR	A	0.03%	0.03%	0.03%
	PODD	B	0.03%	0.03%	0.03%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.08%	0.08%
	PSA	D	0.1%	0.1%	0.1%
	PSX	C	0.11%	0.1%	0.1%
	PTC	B	0.05%	0.04%	0.04%
	PWR	B	0.09%	0.09%	0.09%
	PYPL	A	0.17%	0.16%	0.16%
	QCOM	F	0.38%	0.36%	0.36%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.11%	0.1%	0.1%
	REG	A	0.02%	0.02%	0.02%
	REGN	F	0.17%	0.17%	0.17%
	RF	A	0.05%	0.04%	0.04%
	RJF	A	0.06%	0.06%	0.06%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.11%	0.11%
	ROST	D	0.09%	0.09%	0.09%
	RSG	B	0.08%	0.08%	0.08%
	RTX	D	0.32%	0.31%	0.31%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.22%	0.21%	0.21%
	SCHW	B	0.23%	0.2%	0.2%
	SHW	A	0.18%	0.17%	0.17%
	SJM	F	0.02%	0.02%	0.02%
	SLB	C	0.12%	0.12%	0.12%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	C	0.17%	0.16%	0.16%
	SO	D	0.19%	0.18%	0.18%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	A	0.11%	0.1%	0.1%
	SPGI	C	0.31%	0.3%	0.3%
	SRE	B	0.11%	0.11%	0.11%
	STE	D	0.04%	0.04%	0.04%
	STLD	C	0.04%	0.04%	0.04%
	STT	B	0.06%	0.05%	0.05%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.07%	0.07%	0.07%
	SW	B	0.05%	0.05%	0.05%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.05%	0.05%
	SYK	A	0.25%	0.26%	0.25%
	SYY	D	0.08%	0.07%	0.07%
	T	A	0.32%	0.3%	0.3%
	TAP	B	0.02%	0.02%	0.02%
	TDG	D	0.15%	0.14%	0.14%
	TDY	B	0.04%	0.04%	0.04%
	TECH	D	0.02%	0.02%	0.02%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.13%	0.11%	0.11%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.13%	0.13%
	TJX	A	0.26%	0.25%	0.25%
	TMO	F	0.43%	0.4%	0.4%
	TMUS	A	0.23%	0.22%	0.22%
	TRGP	B	0.08%	0.08%	0.08%
	TRMB	B	0.04%	0.03%	0.03%
	TROW	A	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.6%	1.68%	1.6%
	TSN	B	0.03%	0.03%	0.03%
	TT	B	0.18%	0.17%	0.17%
	TTWO	A	0.05%	0.06%	0.05%
	TXN	B	0.39%	0.38%	0.38%
	TXT	D	0.03%	0.03%	0.03%
	TYL	B	0.05%	0.05%	0.05%
	UAL	A	0.06%	0.05%	0.05%
	UBER	F	0.31%	0.27%	0.27%
	UDR	C	0.03%	0.03%	0.03%
	UHS	D	0.02%	0.02%	0.02%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.1%	1.07%	1.07%
	UNP	D	0.3%	0.28%	0.28%
	UPS	C	0.2%	0.18%	0.18%
	URI	B	0.12%	0.11%	0.11%
	USB	B	0.16%	0.15%	0.15%
	V	A	1.02%	0.97%	0.97%
	VICI	D	0.06%	0.06%	0.06%
	VLO	C	0.09%	0.08%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.25%	0.25%
	VST	B	0.09%	0.09%	0.09%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	D	0.35%	0.32%	0.32%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.05%	0.04%	0.04%
	WBA	D	0.01%	0.01%	0.01%
	WBD	B	0.04%	0.04%	0.04%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.15%	0.16%	0.15%
	WFC	A	0.49%	0.45%	0.45%
	WM	A	0.16%	0.15%	0.15%
	WMB	B	0.13%	0.13%	0.13%
	WMT	A	0.72%	0.69%	0.69%
	WRB	B	0.04%	0.03%	0.03%
	WST	B	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.06%	0.06%
	WY	F	0.05%	0.04%	0.04%
	WYNN	C	0.02%	0.02%	0.02%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.07%	1.01%	1.01%
	XYL	F	0.06%	0.06%	0.06%
	YUM	B	0.08%	0.07%	0.07%
	ZBH	C	0.04%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.15%	0.15%

SPY Overweight 21 Positions Relative to ILCB

	Symbol	Grade	Weight
	CBOE	D	0.04%
	FMC	F	0.02%
	MHK	D	0.02%
	BWA	B	0.02%
	HAS	D	0.02%
	RL	B	0.02%
	IVZ	B	0.02%
	FRT	B	0.02%
	CZR	F	0.02%
	HSIC	F	0.02%
	MTCH	F	0.02%
	GL	B	0.02%
	PNW	A	0.02%
	MKTX	C	0.02%
	AIZ	A	0.02%
	CTLT	D	0.02%
	GNRC	B	0.02%
	TPR	A	0.02%
	NCLH	B	0.02%
	CHRW	A	0.02%
	PARA	B	0.01%

SPY Underweight 136 Positions Relative to ILCB

	Symbol	Grade	Weight
	BLK	A	-0.29%
	MELI	D	-0.17%
	MRVL	B	-0.15%
	CRH	B	-0.13%
	APO	B	-0.12%
	TTD	B	-0.11%
	APP	B	-0.11%
	DASH	A	-0.1%
	COIN	B	-0.1%
	WDAY	B	-0.1%
	VRT	B	-0.09%
	LNG	B	-0.09%
	MSTR	B	-0.09%
	TEL	B	-0.09%
	SQ	B	-0.08%
	FERG	B	-0.08%
	ALNY	D	-0.07%
	VEEV	B	-0.07%
	DDOG	B	-0.07%
	TEAM	B	-0.07%
	SNOW	C	-0.07%
	ARES	B	-0.06%
	HUBS	B	-0.06%
	ILMN	C	-0.05%
	EME	B	-0.05%
	FCNCA	B	-0.05%
	TPL	B	-0.05%
	RBLX	B	-0.05%
	NET	B	-0.05%
	CPNG	B	-0.05%
	EXE	A	-0.04%
	WSO	B	-0.04%
	DKNG	B	-0.04%
	ZM	B	-0.04%
	COO	D	-0.04%
	LII	B	-0.04%
	TRU	D	-0.04%
	MDB	C	-0.04%
	CSL	B	-0.04%
	MKL	A	-0.04%
	BAH	C	-0.04%
	LPLA	A	-0.04%
	CLH	B	-0.03%
	PFGC	B	-0.03%
	RNR	D	-0.03%
	SAIA	B	-0.03%
	DT	C	-0.03%
	RGA	A	-0.03%
	GGG	B	-0.03%
	ACM	B	-0.03%
	TW	B	-0.03%
	AVTR	F	-0.03%
	USFD	B	-0.03%
	TWLO	B	-0.03%
	CASY	B	-0.03%
	SUI	F	-0.03%
	HOOD	B	-0.03%
	WSM	F	-0.03%
	UTHR	B	-0.03%
	HEI	A	-0.03%
	ENTG	F	-0.03%
	THC	B	-0.03%
	DOCU	B	-0.03%
	TOL	B	-0.03%
	PSTG	D	-0.03%
	FLEX	B	-0.03%
	SSNC	C	-0.03%
	OC	A	-0.03%
	NTRA	B	-0.03%
	FIX	B	-0.03%
	BURL	C	-0.03%
	FWONK	A	-0.03%
	NTNX	B	-0.03%
	MANH	C	-0.03%
	PINS	F	-0.03%
	RPM	A	-0.03%
	XPO	B	-0.03%
	ZS	B	-0.03%
	IBKR	A	-0.03%
	RS	C	-0.03%
	AR	B	-0.02%
	MEDP	D	-0.02%
	EXAS	F	-0.02%
	MORN	B	-0.02%
	UNM	A	-0.02%
	CNH	D	-0.02%
	WMS	F	-0.02%
	WTRG	C	-0.02%
	WING	D	-0.02%
	ALLY	C	-0.02%
	AFG	A	-0.02%
	RPRX	F	-0.02%
	FND	F	-0.02%
	CHDN	B	-0.02%
	HEI	A	-0.02%
	SRPT	F	-0.02%
	BJ	B	-0.02%
	CCK	D	-0.02%
	CG	B	-0.02%
	OVV	C	-0.02%
	AMH	C	-0.02%
	RRX	B	-0.02%
	DKS	D	-0.02%
	BLD	F	-0.02%
	TTEK	F	-0.02%
	WPC	F	-0.02%
	LECO	C	-0.02%
	OKTA	C	-0.02%
	EQH	B	-0.02%
	NVT	C	-0.02%
	BMRN	F	-0.02%
	ELS	B	-0.02%
	SCI	B	-0.02%
	GLPI	D	-0.02%
	NBIX	C	-0.02%
	SNAP	C	-0.02%
	FNF	C	-0.02%
	COTY	D	-0.01%
	PAG	B	-0.01%
	CELH	F	-0.01%
	WLK	F	-0.01%
	BRKR	F	-0.01%
	SNX	C	-0.01%
	U	F	-0.01%
	PCOR	B	-0.01%
	SIRI	C	-0.01%
	BSY	F	-0.01%
	UHAL	D	-0.01%
	AZPN	A	-0.01%
	DINO	D	-0.01%
	ACI	C	-0.01%
	CNM	D	-0.01%
	UHAL	D	-0.0%
	FWONA	B	-0.0%
	AGR	C	-0.0%
	ALAB	C	-0.0%

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

ILCB: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Utilities - Regulated Electric Semiconductors Oil & Gas E&P Asset Management Specialty Retail Biotechnology Capital Markets Software - Infrastructure Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Aerospace Chemical Medicine Telecommunications Real Estate Investment Trust Semiconductor Bank Cloud Computing Mining Banking Insurance Products Mobile Devices