IWB vs. MPAY ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Akros Monthly Payout ETF (MPAY)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index 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. It seeks to track the investment results of the Russell 1000Â® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$330.32

Average Daily Volume

791,576

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.82

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWB	MPAY
30 Days	3.82%	1.35%
60 Days	5.33%	0.61%
90 Days	7.10%	2.24%
12 Months	33.41%	24.38%

49 Overlapping Holdings

Symbol	Grade	Weight in IWB	Weight in MPAY	Overlap
AAPL	C	6.04%	5.94%	5.94%
ABBV	D	0.54%	1.45%	0.54%
ABNB	C	0.11%	1.23%	0.11%
ABT	B	0.37%	1.23%	0.37%
ACN	C	0.41%	1.34%	0.41%
ADBE	C	0.41%	1.57%	0.41%
ADP	B	0.23%	1.24%	0.23%
AMAT	F	0.26%	1.45%	0.26%
AMZN	C	3.48%	4.97%	3.48%
AZO	C	0.1%	1.24%	0.1%
BKNG	A	0.31%	1.26%	0.31%
CAT	B	0.35%	1.28%	0.35%
COST	B	0.74%	1.77%	0.74%
CRM	B	0.56%	1.43%	0.56%
CSCO	B	0.43%	1.28%	0.43%
CVX	A	0.51%	1.32%	0.51%
DELL	C	0.07%	1.02%	0.07%
FTNT	C	0.11%	1.28%	0.11%
GOOGL	C	1.87%	4.73%	1.87%
HCA	F	0.12%	1.28%	0.12%
HD	A	0.75%	1.74%	0.75%
INTU	C	0.35%	1.3%	0.35%
JNJ	D	0.69%	1.46%	0.69%
KLAC	D	0.15%	1.32%	0.15%
LIN	D	0.4%	1.27%	0.4%
LLY	F	1.1%	3.04%	1.1%
LMT	D	0.21%	1.23%	0.21%
LOW	D	0.28%	1.37%	0.28%
MA	C	0.8%	1.76%	0.8%
MCD	D	0.39%	1.31%	0.39%
MRK	F	0.45%	1.53%	0.45%
MSFT	F	5.7%	5.7%	5.7%
NFLX	A	0.65%	1.44%	0.65%
NKE	D	0.17%	1.25%	0.17%
NOW	A	0.38%	1.46%	0.38%
NVDA	C	6.14%	6.38%	6.14%
ORCL	B	0.53%	1.78%	0.53%
PEP	F	0.4%	1.25%	0.4%
PM	B	0.37%	1.27%	0.37%
QCOM	F	0.33%	1.36%	0.33%
RTX	C	0.29%	1.19%	0.29%
TJX	A	0.25%	1.28%	0.25%
TSLA	B	1.65%	1.83%	1.65%
TXN	C	0.34%	1.23%	0.34%
UNH	C	1.01%	1.74%	1.01%
UPS	C	0.18%	1.22%	0.18%
V	A	0.9%	1.77%	0.9%
WMT	A	0.68%	2.21%	0.68%
XOM	B	0.99%	1.55%	0.99%

IWB Overweight 951 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	2.24%
BRK.A	B	1.59%
GOOG	C	1.58%
AVGO	D	1.38%
JPM	A	1.3%
PG	A	0.74%
BAC	A	0.59%
WFC	A	0.48%
KO	D	0.44%
AMD	F	0.4%
DIS	B	0.39%
GE	D	0.36%
TMO	F	0.36%
GS	A	0.35%
IBM	C	0.35%
ISRG	A	0.34%
VZ	C	0.32%
AXP	A	0.3%
T	A	0.3%
CMCSA	B	0.3%
BLK	C	0.29%
MS	A	0.29%
NEE	D	0.29%
SPGI	C	0.29%
HON	B	0.28%
PGR	A	0.28%
AMGN	D	0.28%
UNP	C	0.27%
UBER	D	0.27%
DHR	F	0.27%
PFE	D	0.26%
SYK	C	0.26%
ETN	A	0.26%
BSX	B	0.24%
BX	A	0.24%
C	A	0.24%
COP	C	0.24%
PLTR	B	0.24%
CB	C	0.22%
PANW	C	0.22%
VRTX	F	0.22%
SCHW	B	0.22%
FI	A	0.22%
SBUX	A	0.21%
MDT	D	0.21%
TMUS	B	0.21%
BMY	B	0.21%
MU	D	0.2%
MMC	B	0.2%
GILD	C	0.2%
DE	A	0.19%
KKR	A	0.19%
ADI	D	0.19%
INTC	D	0.19%
PLD	D	0.19%
MO	A	0.18%
SO	D	0.18%
BA	F	0.18%
ANET	C	0.18%
PH	A	0.17%
CI	F	0.17%
GEV	B	0.17%
LRCX	F	0.17%
AMT	D	0.17%
TT	A	0.17%
ELV	F	0.17%
EQIX	A	0.16%
APO	B	0.16%
MDLZ	F	0.16%
DUK	C	0.16%
WM	A	0.16%
PYPL	B	0.16%
ICE	C	0.16%
SHW	A	0.16%
MCK	B	0.15%
CDNS	B	0.15%
REGN	F	0.15%
SNPS	B	0.15%
CMG	B	0.15%
ZTS	D	0.15%
ITW	B	0.15%
MSI	B	0.15%
CME	A	0.15%
WELL	A	0.15%
PNC	B	0.15%
APH	A	0.15%
AON	A	0.14%
CTAS	B	0.14%
MCO	B	0.14%
MRVL	B	0.14%
APP	B	0.14%
CL	D	0.14%
CRWD	B	0.14%
EOG	A	0.14%
USB	A	0.14%
GD	F	0.14%
TDG	D	0.13%
NOC	D	0.13%
WMB	A	0.13%
CSX	B	0.13%
COF	B	0.13%
APD	A	0.13%
ORLY	B	0.13%
CEG	D	0.13%
TGT	F	0.13%
MMM	D	0.13%
EMR	A	0.13%
CARR	D	0.12%
AJG	B	0.12%
GM	B	0.12%
MAR	B	0.12%
OKE	A	0.12%
ADSK	A	0.12%
BDX	F	0.12%
FDX	B	0.12%
CVS	D	0.12%
CRH	A	0.12%
PCAR	B	0.11%
BK	A	0.11%
DLR	B	0.11%
SPG	B	0.11%
SRE	A	0.11%
ROP	B	0.11%
DASH	A	0.11%
NSC	B	0.11%
TRV	B	0.11%
COIN	C	0.11%
HLT	A	0.11%
ECL	D	0.11%
FCX	D	0.11%
SLB	C	0.11%
TFC	A	0.11%
AFL	B	0.11%
ALL	A	0.1%
TTD	B	0.1%
KMI	A	0.1%
PSA	D	0.1%
MSTR	C	0.1%
FICO	B	0.1%
WDAY	B	0.1%
RCL	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
URI	B	0.1%
AMP	A	0.1%
JCI	C	0.1%
ROST	C	0.09%
LHX	C	0.09%
FAST	B	0.09%
PWR	A	0.09%
NEM	D	0.09%
SQ	B	0.09%
DHI	D	0.09%
D	C	0.09%
LNG	B	0.09%
VST	B	0.09%
MET	A	0.09%
AIG	B	0.09%
CPRT	A	0.09%
O	D	0.09%
FIS	C	0.09%
CMI	A	0.09%
AEP	D	0.09%
GWW	B	0.09%
HES	B	0.08%
IR	B	0.08%
DAL	C	0.08%
ODFL	B	0.08%
RSG	A	0.08%
TRGP	B	0.08%
BKR	B	0.08%
AXON	A	0.08%
EA	A	0.08%
F	C	0.08%
VRT	B	0.08%
DFS	B	0.08%
PEG	A	0.08%
AME	A	0.08%
PCG	A	0.08%
VLO	C	0.08%
KMB	D	0.08%
CCI	D	0.08%
HWM	A	0.08%
KVUE	A	0.08%
PRU	A	0.08%
MSCI	C	0.08%
PAYX	C	0.08%
GIS	D	0.07%
KDP	D	0.07%
GLW	B	0.07%
MLM	B	0.07%
MTB	A	0.07%
HPQ	B	0.07%
GEHC	F	0.07%
CHTR	C	0.07%
ACGL	D	0.07%
VMC	B	0.07%
A	D	0.07%
SYY	B	0.07%
MNST	C	0.07%
YUM	B	0.07%
DDOG	A	0.07%
STZ	D	0.07%
TEAM	A	0.07%
CTSH	B	0.07%
KR	B	0.07%
CTVA	C	0.07%
LULU	C	0.07%
XEL	A	0.07%
EXC	C	0.07%
IT	C	0.07%
SNOW	C	0.07%
COR	B	0.07%
OTIS	C	0.07%
CBRE	B	0.07%
VRSK	A	0.07%
LEN	D	0.07%
FERG	B	0.07%
EW	C	0.07%
GPN	B	0.06%
CNC	D	0.06%
RJF	A	0.06%
DXCM	D	0.06%
EFX	F	0.06%
ARES	A	0.06%
TTWO	A	0.06%
DOW	F	0.06%
WEC	A	0.06%
EBAY	D	0.06%
VEEV	C	0.06%
ETR	B	0.06%
EIX	B	0.06%
WTW	B	0.06%
FITB	A	0.06%
GRMN	B	0.06%
NDAQ	A	0.06%
AVB	B	0.06%
ROK	B	0.06%
HUBS	A	0.06%
HUM	C	0.06%
VICI	C	0.06%
MCHP	D	0.06%
OXY	D	0.06%
FANG	D	0.06%
IRM	D	0.06%
ED	D	0.06%
WAB	B	0.06%
DD	D	0.06%
RMD	C	0.06%
EXR	D	0.06%
HIG	B	0.06%
IQV	D	0.06%
IDXX	F	0.06%
NUE	C	0.06%
CCL	B	0.05%
CPAY	A	0.05%
PPL	B	0.05%
HSY	F	0.05%
DTE	C	0.05%
MTD	D	0.05%
EQT	B	0.05%
TYL	B	0.05%
VLTO	D	0.05%
ADM	D	0.05%
VTR	C	0.05%
SYF	B	0.05%
TPL	A	0.05%
HBAN	A	0.05%
RBLX	C	0.05%
GDDY	A	0.05%
NVR	D	0.05%
TROW	B	0.05%
AWK	D	0.05%
HAL	C	0.05%
CVNA	B	0.05%
KEYS	A	0.05%
FTV	C	0.05%
BRO	B	0.05%
FCNCA	A	0.05%
BR	A	0.05%
PHM	D	0.05%
CHD	B	0.05%
DECK	A	0.05%
SW	A	0.05%
MPWR	F	0.05%
NET	B	0.05%
HPE	B	0.05%
DOV	A	0.05%
KHC	F	0.05%
ON	D	0.05%
EQR	B	0.05%
CPNG	D	0.05%
PPG	F	0.05%
CSGP	D	0.05%
CAH	B	0.05%
STT	A	0.05%
ANSS	B	0.05%
XYL	D	0.05%
TSCO	D	0.05%
ALNY	D	0.05%
UAL	A	0.05%
BAH	F	0.04%
NRG	B	0.04%
ESS	B	0.04%
COO	D	0.04%
CNP	B	0.04%
LUV	C	0.04%
ZBRA	B	0.04%
LH	C	0.04%
LII	A	0.04%
MDB	C	0.04%
PFG	D	0.04%
BBY	D	0.04%
DRI	B	0.04%
IP	B	0.04%
FSLR	F	0.04%
CMS	C	0.04%
LYV	A	0.04%
INVH	D	0.04%
CSL	C	0.04%
WDC	D	0.04%
STLD	B	0.04%
CLX	B	0.04%
PKG	A	0.04%
BLDR	D	0.04%
WAT	B	0.04%
K	A	0.04%
CBOE	B	0.04%
CFG	B	0.04%
NTRS	A	0.04%
HOOD	B	0.04%
ZM	B	0.04%
LYB	F	0.04%
EXE	B	0.04%
ILMN	D	0.04%
LDOS	C	0.04%
ES	D	0.04%
TDY	B	0.04%
STE	F	0.04%
MKL	A	0.04%
ATO	A	0.04%
IFF	D	0.04%
WBD	C	0.04%
WY	D	0.04%
PTC	A	0.04%
WST	C	0.04%
EXPE	B	0.04%
ZBH	C	0.04%
EME	C	0.04%
LPLA	A	0.04%
CINF	A	0.04%
BIIB	F	0.04%
HUBB	B	0.04%
CDW	F	0.04%
FE	C	0.04%
SBAC	D	0.04%
DVN	F	0.04%
RF	A	0.04%
AEE	A	0.04%
NTAP	C	0.04%
REG	B	0.03%
ROL	B	0.03%
FFIV	B	0.03%
SOFI	A	0.03%
SAIA	B	0.03%
AVTR	F	0.03%
JBL	B	0.03%
EVRG	A	0.03%
APTV	D	0.03%
EWBC	A	0.03%
NDSN	B	0.03%
ACM	A	0.03%
UDR	B	0.03%
ENTG	D	0.03%
THC	D	0.03%
AMCR	D	0.03%
EL	F	0.03%
DOC	D	0.03%
PSTG	D	0.03%
CASY	A	0.03%
USFD	A	0.03%
DPZ	C	0.03%
L	A	0.03%
JBHT	C	0.03%
TW	A	0.03%
GGG	B	0.03%
RGA	A	0.03%
VRSN	F	0.03%
SUI	D	0.03%
VTRS	A	0.03%
DT	C	0.03%
EQH	B	0.03%
TOL	B	0.03%
LNT	A	0.03%
FIX	A	0.03%
SSNC	B	0.03%
FNF	B	0.03%
TXT	D	0.03%
AVY	D	0.03%
UTHR	C	0.03%
GWRE	A	0.03%
CF	B	0.03%
DOCU	A	0.03%
MRO	B	0.03%
EG	C	0.03%
TER	D	0.03%
GEN	B	0.03%
BAX	D	0.03%
NI	A	0.03%
KIM	A	0.03%
NTRA	B	0.03%
WSM	B	0.03%
MANH	D	0.03%
OC	A	0.03%
DG	F	0.03%
TWLO	A	0.03%
ALGN	D	0.03%
FWONK	B	0.03%
XPO	B	0.03%
HEI	B	0.03%
EXPD	D	0.03%
NTNX	A	0.03%
BURL	A	0.03%
PINS	D	0.03%
MOH	F	0.03%
LVS	C	0.03%
GPC	D	0.03%
MAS	D	0.03%
TRMB	B	0.03%
IEX	B	0.03%
RPM	A	0.03%
ULTA	F	0.03%
J	F	0.03%
PNR	A	0.03%
DGX	A	0.03%
KEY	B	0.03%
WRB	A	0.03%
TSN	B	0.03%
RS	B	0.03%
HOLX	D	0.03%
WSO	A	0.03%
DKNG	B	0.03%
PODD	C	0.03%
FDS	B	0.03%
TOST	B	0.03%
ARE	D	0.03%
ZS	C	0.03%
SNA	A	0.03%
TRU	D	0.03%
MAA	B	0.03%
BALL	D	0.03%
OMC	C	0.03%
MKC	D	0.03%
CTRA	B	0.03%
IBKR	A	0.03%
CFR	B	0.02%
G	B	0.02%
SEIC	B	0.02%
APA	D	0.02%
CNM	D	0.02%
EGP	F	0.02%
RL	B	0.02%
RIVN	F	0.02%
PLNT	A	0.02%
HRB	D	0.02%
VOYA	B	0.02%
MTZ	B	0.02%
WTFC	A	0.02%
CHE	D	0.02%
GPK	C	0.02%
CR	A	0.02%
TTC	D	0.02%
LNW	D	0.02%
CPB	D	0.02%
MOS	F	0.02%
FYBR	D	0.02%
GLOB	B	0.02%
HRL	D	0.02%
NYT	C	0.02%
CBSH	A	0.02%
ITCI	C	0.02%
PEN	B	0.02%
KNX	B	0.02%
BILL	A	0.02%
HAS	D	0.02%
PCTY	B	0.02%
SNX	C	0.02%
MGM	D	0.02%
AOS	F	0.02%
ZION	B	0.02%
OGE	B	0.02%
ROKU	D	0.02%
AR	B	0.02%
RBC	A	0.02%
BRX	A	0.02%
REXR	F	0.02%
HSIC	B	0.02%
WCC	B	0.02%
EXAS	D	0.02%
GMED	A	0.02%
MORN	B	0.02%
FBIN	D	0.02%
AAON	B	0.02%
AXTA	A	0.02%
RGLD	C	0.02%
TFX	F	0.02%
SMCI	F	0.02%
DCI	B	0.02%
CMA	A	0.02%
TPX	B	0.02%
WMS	D	0.02%
FRT	B	0.02%
SOLV	C	0.02%
ORI	A	0.02%
WYNN	D	0.02%
BRBR	A	0.02%
TKO	B	0.02%
INGR	B	0.02%
WING	D	0.02%
CNH	C	0.02%
AAL	B	0.02%
SRPT	D	0.02%
HLI	B	0.02%
PNFP	B	0.02%
CRL	C	0.02%
WAL	B	0.02%
CHDN	B	0.02%
EHC	B	0.02%
GL	B	0.02%
PR	B	0.02%
DOX	D	0.02%
LBRDK	C	0.02%
MKTX	D	0.02%
WTRG	B	0.02%
ALLY	C	0.02%
ARMK	B	0.02%
OHI	C	0.02%
EXEL	B	0.02%
AES	F	0.02%
MUSA	A	0.02%
AFG	A	0.02%
EXP	A	0.02%
CIEN	B	0.02%
NLY	C	0.02%
LKQ	D	0.02%
GME	C	0.02%
DTM	B	0.02%
RPRX	D	0.02%
AYI	B	0.02%
KNSL	B	0.02%
ALSN	B	0.02%
IPG	D	0.02%
PRI	A	0.02%
WWD	B	0.02%
LAD	A	0.02%
CACI	D	0.02%
WBS	A	0.02%
PNW	B	0.02%
FOXA	B	0.02%
CCK	C	0.02%
TECH	D	0.02%
CAVA	B	0.02%
CUBE	D	0.02%
GNRC	B	0.02%
EVR	B	0.02%
CTLT	B	0.02%
FND	C	0.02%
TTEK	F	0.02%
NWSA	B	0.02%
AA	B	0.02%
SJM	D	0.02%
TAP	C	0.02%
ATR	B	0.02%
CG	A	0.02%
BLD	D	0.02%
LW	C	0.02%
LAMR	D	0.02%
DAY	B	0.02%
RRX	B	0.02%
DKS	C	0.02%
DUOL	A	0.02%
AIZ	A	0.02%
FHN	A	0.02%
OWL	A	0.02%
NCLH	B	0.02%
PAYC	B	0.02%
SF	B	0.02%
LECO	B	0.02%
BJ	A	0.02%
Z	A	0.02%
UHS	D	0.02%
NBIX	C	0.02%
OVV	B	0.02%
BWXT	B	0.02%
OKTA	C	0.02%
JNPR	F	0.02%
BMRN	D	0.02%
MRNA	F	0.02%
HEI	B	0.02%
NVT	B	0.02%
EMN	D	0.02%
INCY	C	0.02%
ALB	C	0.02%
HST	C	0.02%
SCI	B	0.02%
WPC	D	0.02%
ALLE	D	0.02%
BXP	D	0.02%
FTI	A	0.02%
KMX	B	0.02%
COHR	B	0.02%
CPT	B	0.02%
JLL	D	0.02%
ITT	A	0.02%
UNM	A	0.02%
GLPI	C	0.02%
AMH	D	0.02%
CHRW	C	0.02%
BG	F	0.02%
JKHY	D	0.02%
CAG	D	0.02%
CLH	B	0.02%
PFGC	B	0.02%
DLTR	F	0.02%
JEF	A	0.02%
EPAM	C	0.02%
ELS	C	0.02%
TPR	B	0.02%
AKAM	D	0.02%
TXRH	C	0.02%
AFRM	B	0.02%
SWK	D	0.02%
POOL	C	0.02%
SWKS	F	0.02%
RNR	C	0.02%
RVTY	F	0.02%
CW	B	0.02%
APLS	D	0.01%
CACC	D	0.01%
FIVN	C	0.01%
CC	C	0.01%
COTY	F	0.01%
AMKR	D	0.01%
PAG	B	0.01%
AMED	F	0.01%
ECG	C	0.01%
COLM	B	0.01%
MAN	D	0.01%
TDC	D	0.01%
VIRT	B	0.01%
NSA	D	0.01%
SAM	C	0.01%
LLYVK	A	0.01%
PK	B	0.01%
SNRE	D	0.01%
RNG	B	0.01%
WU	D	0.01%
AMTM	D	0.01%
ZI	D	0.01%
WEN	D	0.01%
EPR	D	0.01%
PENN	C	0.01%
YETI	C	0.01%
SMG	D	0.01%
VAC	B	0.01%
HUN	F	0.01%
BHF	B	0.01%
ZG	A	0.01%
NCNO	B	0.01%
PII	D	0.01%
NVST	B	0.01%
IAC	D	0.01%
ACHC	F	0.01%
HIW	D	0.01%
FHB	A	0.01%
IRDM	D	0.01%
SPR	D	0.01%
XRAY	F	0.01%
TNL	A	0.01%
W	F	0.01%
PRGO	B	0.01%
NWS	B	0.01%
DNB	B	0.01%
NWL	B	0.01%
DXC	B	0.01%
NEU	C	0.01%
MDU	D	0.01%
ASH	D	0.01%
RARE	D	0.01%
MSM	C	0.01%
LINE	F	0.01%
PEGA	A	0.01%
OGN	D	0.01%
FLO	D	0.01%
DLB	B	0.01%
WLK	D	0.01%
HOG	D	0.01%
MSGS	A	0.01%
GFS	C	0.01%
GTES	A	0.01%
M	D	0.01%
CHH	A	0.01%
AN	C	0.01%
GAP	C	0.01%
SLGN	A	0.01%
RYN	D	0.01%
PSN	D	0.01%
KRC	C	0.01%
KMPR	B	0.01%
EEFT	B	0.01%
CELH	F	0.01%
RH	B	0.01%
AGO	B	0.01%
TKR	D	0.01%
LOPE	B	0.01%
CUZ	B	0.01%
FIVE	F	0.01%
OLN	D	0.01%
HCP	B	0.01%
ROIV	C	0.01%
ST	F	0.01%
WTM	A	0.01%
BYD	C	0.01%
AVT	C	0.01%
HXL	D	0.01%
AL	B	0.01%
APPF	B	0.01%
SON	D	0.01%
UGI	A	0.01%
U	C	0.01%
CIVI	D	0.01%
BROS	B	0.01%
OZK	B	0.01%
INSP	D	0.01%
AM	A	0.01%
CLF	F	0.01%
VNOM	A	0.01%
VKTX	F	0.01%
NXST	C	0.01%
CCCS	B	0.01%
SEE	C	0.01%
IONS	F	0.01%
LEA	D	0.01%
POST	C	0.01%
TPG	A	0.01%
CRUS	D	0.01%
NFG	A	0.01%
SLM	A	0.01%
RITM	C	0.01%
PATH	C	0.01%
VVV	F	0.01%
LITE	B	0.01%
BC	C	0.01%
BRKR	D	0.01%
THO	B	0.01%
FOX	A	0.01%
JHG	A	0.01%
ETSY	D	0.01%
OLLI	D	0.01%
LFUS	F	0.01%
IDA	A	0.01%
PVH	C	0.01%
THG	A	0.01%
STWD	C	0.01%
VNT	B	0.01%
WFRD	D	0.01%
CROX	D	0.01%
BFAM	D	0.01%
AMG	B	0.01%
AGCO	D	0.01%
WHR	B	0.01%
LAZ	B	0.01%
FNB	A	0.01%
DOCS	C	0.01%
WBA	F	0.01%
UHAL	D	0.01%
ARW	D	0.01%
BIO	D	0.01%
BEN	C	0.01%
LNC	B	0.01%
COLD	D	0.01%
FOUR	B	0.01%
PARA	C	0.01%
QRVO	F	0.01%
MAT	D	0.01%
ESI	A	0.01%
LYFT	C	0.01%
SAIC	F	0.01%
KD	B	0.01%
COLB	A	0.01%
NOV	C	0.01%
MTG	C	0.01%
ELF	C	0.01%
SITE	D	0.01%
WSC	D	0.01%
OMF	A	0.01%
SIRI	C	0.01%
IVZ	B	0.01%
LSTR	D	0.01%
MSA	D	0.01%
DBX	B	0.01%
BSY	D	0.01%
CFLT	B	0.01%
AZPN	A	0.01%
AWI	A	0.01%
HR	C	0.01%
AZEK	A	0.01%
VMI	B	0.01%
FAF	A	0.01%
SN	D	0.01%
AXS	A	0.01%
BPOP	B	0.01%
STAG	F	0.01%
LSCC	D	0.01%
FMC	D	0.01%
MTN	C	0.01%
H	B	0.01%
MTDR	B	0.01%
DINO	D	0.01%
DAR	C	0.01%
GXO	B	0.01%
ELAN	D	0.01%
CGNX	C	0.01%
MTSI	B	0.01%
FCN	D	0.01%
ALK	C	0.01%
R	B	0.01%
FR	C	0.01%
ATI	D	0.01%
MASI	A	0.01%
MKSI	C	0.01%
FRPT	B	0.01%
ESTC	C	0.01%
RGEN	D	0.01%
GNTX	C	0.01%
OSK	B	0.01%
ESAB	B	0.01%
GTLB	B	0.01%
AGNC	D	0.01%
VFC	C	0.01%
LPX	B	0.01%
BBWI	D	0.01%
S	B	0.01%
MIDD	C	0.01%
VNO	B	0.01%
CART	C	0.01%
PCOR	B	0.01%
RYAN	B	0.01%
WH	B	0.01%
MHK	D	0.01%
RLI	B	0.01%
COKE	C	0.01%
TREX	C	0.01%
KEX	C	0.01%
PB	A	0.01%
SMAR	A	0.01%
HII	D	0.01%
JAZZ	B	0.01%
ADC	B	0.01%
WEX	D	0.01%
RHI	B	0.01%
OLED	D	0.01%
SSD	D	0.01%
ONTO	D	0.01%
BERY	B	0.01%
NNN	D	0.01%
ACI	C	0.01%
RRC	B	0.01%
ENPH	F	0.01%
MEDP	D	0.01%
FLS	B	0.01%
CHRD	D	0.01%
SKX	D	0.01%
MTCH	D	0.01%
SNV	B	0.01%
CZR	F	0.01%
X	C	0.01%
KBR	F	0.01%
CE	F	0.01%
BWA	D	0.01%
APG	B	0.01%
DVA	B	0.01%
PLTK	B	0.0%
SEG	B	0.0%
PARAA	B	0.0%
GRAL	C	0.0%
UWMC	D	0.0%
SEB	F	0.0%
NFE	D	0.0%
UHAL	D	0.0%
WOLF	F	0.0%
LOAR	A	0.0%
TFSL	A	0.0%
CWEN	C	0.0%
AS	B	0.0%
CERT	F	0.0%
PYCR	C	0.0%
CNA	B	0.0%
LLYVA	A	0.0%
DDS	B	0.0%
UI	A	0.0%
SNDR	B	0.0%
TXG	F	0.0%
TRIP	F	0.0%
LBRDA	C	0.0%
REYN	D	0.0%
INFA	D	0.0%
DJT	C	0.0%
LEG	F	0.0%
GO	C	0.0%
QS	F	0.0%
CNXC	F	0.0%
UA	C	0.0%
CLVT	F	0.0%
FTRE	D	0.0%
CAR	C	0.0%
BIRK	D	0.0%
LEN	D	0.0%
FWONA	B	0.0%
RKT	F	0.0%
ALAB	B	0.0%
QDEL	F	0.0%
VSTS	C	0.0%
UAA	C	0.0%
CRI	D	0.0%
KSS	F	0.0%
LCID	F	0.0%
PPC	C	0.0%
LBTYA	B	0.0%
LBTYK	A	0.0%
SHC	F	0.0%
RCM	F	0.0%
IPGP	D	0.0%
ADT	C	0.0%
AAP	C	0.0%
AZTA	D	0.0%
CWEN	C	0.0%
HAYW	B	0.0%
PINC	B	0.0%
ALGM	D	0.0%
SPB	C	0.0%
MP	B	0.0%
CPRI	F	0.0%
JWN	C	0.0%
AGR	B	0.0%
MPW	F	0.0%
ENOV	C	0.0%
BOKF	B	0.0%
DV	C	0.0%
HHH	B	0.0%
CXT	B	0.0%

IWB Underweight 2 Positions Relative to MPAY

	Symbol	Grade	Weight
	GLDM	C	-3.6%
	IAUM	C	-3.36%