IWC vs. DFSV ETF Comparison

Comparison of iShares Microcap ETF (IWC) to Dimensional US Small Cap Value ETF (DFSV)

IWC

iShares Microcap ETF

IWC Description

The investment seeks to track the investment results of an index composed of micro-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 Microcap Index (the "underlying index"), which measures the performance of the microcap sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$133.09

Average Daily Volume

29,578

Number of Holdings ^*

1394

* may have additional holdings in another (foreign) market

DFSV

Dimensional US Small Cap Value ETF

DFSV Description

Dimensional US Small Cap Value ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of small-cap companies. Dimensional US Small Cap Value ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

567,570

Number of Holdings ^*

948

* may have additional holdings in another (foreign) market

Performance

Period	IWC	DFSV
30 Days	2.85%	4.98%
60 Days	4.92%	5.46%
90 Days	9.19%	8.43%
12 Months	32.58%	26.90%

432 Overlapping Holdings

	Symbol	Grade	Weight in IWC	Weight in DFSV	Overlap
	ACCO	B	0.13%	0.03%	0.03%
	ACNB	B	0.1%	0.01%	0.01%
	ACTG	F	0.04%	0.01%	0.01%
	ACU	C	0.02%	0.0%	0.0%
	ADTN	B	0.15%	0.37%	0.15%
	AE	A	0.02%	0.0%	0.0%
	AFBI	C	0.02%	0.0%	0.0%
	AIOT	A	0.14%	0.0%	0.0%
	ALCO	F	0.04%	0.01%	0.01%
	ALOT	C	0.02%	0.0%	0.0%
	ALRS	D	0.12%	0.0%	0.0%
	ALTG	C	0.05%	0.0%	0.0%
	ALTO	F	0.02%	0.0%	0.0%
	AMAL	B	0.16%	0.03%	0.03%
	AMBC	C	0.13%	0.04%	0.04%
	AMPS	C	0.07%	0.03%	0.03%
	AMPY	F	0.06%	0.03%	0.03%
	AMTB	B	0.17%	0.04%	0.04%
	ANGO	C	0.06%	0.01%	0.01%
	AOSL	D	0.16%	0.09%	0.09%
	AOUT	B	0.03%	0.01%	0.01%
	APEI	B	0.07%	0.01%	0.01%
	ARC	A	0.03%	0.01%	0.01%
	AROW	B	0.14%	0.0%	0.0%
	ASIX	B	0.19%	0.07%	0.07%
	ASLE	C	0.05%	0.01%	0.01%
	ASRV	B	0.01%	0.0%	0.0%
	ASUR	C	0.05%	0.01%	0.01%
	ATLC	A	0.07%	0.0%	0.0%
	ATLO	D	0.04%	0.0%	0.0%
	ATNI	F	0.05%	0.02%	0.02%
	AVD	C	0.04%	0.01%	0.01%
	AVNW	F	0.04%	0.0%	0.0%
	AXR	A	0.02%	0.0%	0.0%
	AXTI	F	0.02%	0.0%	0.0%
	BAND	D	0.11%	0.03%	0.03%
	BBCP	C	0.03%	0.01%	0.01%
	BCAL	A	0.1%	0.0%	0.0%
	BCBP	B	0.05%	0.02%	0.02%
	BCML	B	0.07%	0.02%	0.02%
	BCOV	A	0.03%	0.0%	0.0%
	BELFB	D	0.19%	0.02%	0.02%
	BFIN	A	0.03%	0.01%	0.01%
	BFST	B	0.17%	0.03%	0.03%
	BH	A	0.04%	0.01%	0.01%
	BHB	B	0.13%	0.04%	0.04%
	BHRB	B	0.23%	0.02%	0.02%
	BJRI	C	0.17%	0.04%	0.04%
	BLFY	B	0.06%	0.01%	0.01%
	BMRC	B	0.1%	0.02%	0.02%
	BOC	D	0.09%	0.03%	0.03%
	BOOM	F	0.04%	0.01%	0.01%
	BOTJ	B	0.01%	0.0%	0.0%
	BRY	F	0.08%	0.03%	0.03%
	BSET	C	0.03%	0.01%	0.01%
	BSRR	C	0.1%	0.04%	0.04%
	BV	C	0.22%	0.11%	0.11%
	BWB	B	0.07%	0.01%	0.01%
	BWEN	F	0.01%	0.0%	0.0%
	BWFG	B	0.05%	0.01%	0.01%
	BWMN	C	0.08%	0.01%	0.01%
	BXC	B	0.25%	0.1%	0.1%
	BY	B	0.24%	0.09%	0.09%
	BZH	C	0.24%	0.01%	0.01%
	CAC	B	0.17%	0.04%	0.04%
	CAL	F	0.26%	0.05%	0.05%
	CARE	B	0.11%	0.02%	0.02%
	CATO	B	0.02%	0.0%	0.0%
	CBAN	B	0.07%	0.01%	0.01%
	CBFV	A	0.03%	0.0%	0.0%
	CBNK	B	0.06%	0.0%	0.0%
	CCBG	B	0.13%	0.01%	0.01%
	CCNE	B	0.14%	0.04%	0.04%
	CCRD	A	0.03%	0.0%	0.0%
	CCRN	F	0.08%	0.02%	0.02%
	CFB	B	0.19%	0.06%	0.06%
	CFBK	C	0.03%	0.0%	0.0%
	CFFI	A	0.06%	0.02%	0.02%
	CHMG	B	0.04%	0.0%	0.0%
	CIVB	B	0.08%	0.03%	0.03%
	CIX	D	0.01%	0.0%	0.0%
	CLAR	F	0.03%	0.01%	0.01%
	CLFD	F	0.08%	0.01%	0.01%
	CLW	F	0.1%	0.04%	0.04%
	CMCO	C	0.26%	0.1%	0.1%
	CMTL	F	0.02%	0.0%	0.0%
	CNOB	B	0.24%	0.09%	0.09%
	CNSL	B	0.09%	0.0%	0.0%
	COFS	A	0.07%	0.0%	0.0%
	COOK	D	0.02%	0.0%	0.0%
	CPF	B	0.2%	0.03%	0.03%
	CPS	C	0.06%	0.01%	0.01%
	CPSS	B	0.02%	0.0%	0.0%
	CRNC	F	0.03%	0.0%	0.0%
	CRWS	D	0.01%	0.0%	0.0%
	CSTL	D	0.18%	0.01%	0.01%
	CTBI	B	0.22%	0.05%	0.05%
	CTRN	F	0.03%	0.01%	0.01%
	CULP	D	0.01%	0.0%	0.0%
	CVGI	F	0.02%	0.0%	0.0%
	CZFS	B	0.08%	0.0%	0.0%
	CZNC	B	0.07%	0.01%	0.01%
	CZWI	A	0.04%	0.0%	0.0%
	DAKT	B	0.13%	0.02%	0.02%
	DCGO	B	0.1%	0.0%	0.0%
	DCO	B	0.22%	0.09%	0.09%
	DCOM	A	0.29%	0.12%	0.12%
	DGICA	A	0.06%	0.03%	0.03%
	DGII	B	0.28%	0.07%	0.07%
	DHX	D	0.02%	0.01%	0.01%
	DLHC	F	0.02%	0.0%	0.0%
	DLTH	D	0.01%	0.0%	0.0%
	DXLG	D	0.04%	0.01%	0.01%
	DXPE	B	0.21%	0.06%	0.06%
	EBF	F	0.13%	0.06%	0.06%
	EBMT	B	0.03%	0.0%	0.0%
	EBTC	B	0.09%	0.01%	0.01%
	EGY	F	0.14%	0.03%	0.03%
	EHTH	C	0.03%	0.0%	0.0%
	EML	D	0.03%	0.01%	0.01%
	EPM	A	0.04%	0.01%	0.01%
	EPSN	A	0.03%	0.0%	0.0%
	EQBK	B	0.17%	0.02%	0.02%
	ESCA	B	0.04%	0.0%	0.0%
	ESP	B	0.01%	0.0%	0.0%
	ETD	D	0.16%	0.08%	0.08%
	EVBN	B	0.06%	0.01%	0.01%
	EVC	C	0.04%	0.0%	0.0%
	EVI	F	0.02%	0.0%	0.0%
	FARO	B	0.12%	0.01%	0.01%
	FBIZ	A	0.1%	0.03%	0.03%
	FBMS	B	0.27%	0.09%	0.09%
	FCAP	D	0.03%	0.0%	0.0%
	FCBC	B	0.19%	0.01%	0.01%
	FCCO	B	0.04%	0.0%	0.0%
	FET	F	0.04%	0.01%	0.01%
	FF	F	0.03%	0.02%	0.02%
	FFIC	B	0.12%	0.04%	0.04%
	FFWM	C	0.12%	0.02%	0.02%
	FISI	B	0.1%	0.04%	0.04%
	FKWL	D	0.01%	0.0%	0.0%
	FLIC	B	0.07%	0.02%	0.02%
	FLL	F	0.04%	0.0%	0.0%
	FLWS	D	0.05%	0.02%	0.02%
	FLXS	A	0.06%	0.02%	0.02%
	FMAO	B	0.1%	0.0%	0.0%
	FMBH	B	0.24%	0.05%	0.05%
	FMNB	B	0.14%	0.0%	0.0%
	FNWB	C	0.02%	0.01%	0.01%
	FONR	F	0.02%	0.01%	0.01%
	FORR	C	0.05%	0.0%	0.0%
	FRAF	A	0.03%	0.0%	0.0%
	FRBA	D	0.08%	0.01%	0.01%
	FRD	F	0.02%	0.01%	0.01%
	FRPH	A	0.1%	0.03%	0.03%
	FRST	B	0.06%	0.02%	0.02%
	FSBW	B	0.08%	0.01%	0.01%
	FSFG	A	0.04%	0.0%	0.0%
	FSTR	B	0.06%	0.02%	0.02%
	FTK	B	0.03%	0.0%	0.0%
	FUNC	B	0.05%	0.02%	0.02%
	FUSB	A	0.02%	0.0%	0.0%
	FVCB	C	0.05%	0.0%	0.0%
	GAIA	B	0.02%	0.0%	0.0%
	GCI	D	0.17%	0.01%	0.01%
	GCO	C	0.08%	0.03%	0.03%
	GDEN	B	0.16%	0.02%	0.02%
	GENC	C	0.05%	0.02%	0.02%
	GEOS	C	0.04%	0.01%	0.01%
	GLDD	B	0.19%	0.07%	0.07%
	GLRE	B	0.1%	0.04%	0.04%
	GNK	C	0.18%	0.06%	0.06%
	GNTY	A	0.07%	0.01%	0.01%
	GPRO	F	0.04%	0.0%	0.0%
	GRNT	B	0.08%	0.04%	0.04%
	GSBC	B	0.13%	0.02%	0.02%
	HAFC	B	0.19%	0.06%	0.06%
	HAYN	A	0.19%	0.06%	0.06%
	HBB	F	0.04%	0.0%	0.0%
	HBCP	B	0.09%	0.03%	0.03%
	HBNC	B	0.19%	0.06%	0.06%
	HBT	B	0.08%	0.0%	0.0%
	HDSN	F	0.06%	0.01%	0.01%
	HFFG	C	0.03%	0.0%	0.0%
	HIFS	B	0.1%	0.0%	0.0%
	HMST	F	0.05%	0.01%	0.01%
	HNNA	C	0.01%	0.0%	0.0%
	HNRG	B	0.08%	0.04%	0.04%
	HOFT	C	0.05%	0.02%	0.02%
	HONE	B	0.12%	0.04%	0.04%
	HOV	D	0.21%	0.02%	0.02%
	HRTG	C	0.07%	0.03%	0.03%
	HSII	B	0.22%	0.07%	0.07%
	HSTM	B	0.19%	0.0%	0.0%
	HTBI	B	0.14%	0.04%	0.04%
	HTBK	B	0.16%	0.05%	0.05%
	HURC	C	0.03%	0.01%	0.01%
	HVT	F	0.08%	0.03%	0.03%
	HWBK	B	0.04%	0.0%	0.0%
	HY	D	0.15%	0.0%	0.0%
	HZO	F	0.16%	0.06%	0.06%
	IBCP	B	0.19%	0.02%	0.02%
	IBEX	A	0.04%	0.0%	0.0%
	ICHR	C	0.25%	0.05%	0.05%
	III	C	0.03%	0.0%	0.0%
	IIIN	C	0.14%	0.03%	0.03%
	IMMR	F	0.06%	0.0%	0.0%
	INBK	B	0.08%	0.03%	0.03%
	INTT	C	0.02%	0.0%	0.0%
	IPI	B	0.07%	0.03%	0.03%
	IROQ	A	0.01%	0.0%	0.0%
	ISTR	B	0.05%	0.02%	0.02%
	ITIC	A	0.09%	0.0%	0.0%
	ITOS	F	0.05%	0.0%	0.0%
	JAKK	C	0.05%	0.02%	0.02%
	JOUT	F	0.04%	0.02%	0.02%
	JRVR	F	0.04%	0.0%	0.0%
	KE	C	0.12%	0.04%	0.04%
	KELYA	F	0.11%	0.03%	0.03%
	KEQU	B	0.02%	0.0%	0.0%
	KIDS	D	0.09%	0.02%	0.02%
	KODK	B	0.07%	0.02%	0.02%
	KOP	C	0.18%	0.06%	0.06%
	KRNY	B	0.11%	0.04%	0.04%
	KTCC	B	0.01%	0.0%	0.0%
	KVHI	B	0.02%	0.0%	0.0%
	LAKE	B	0.04%	0.02%	0.02%
	LARK	A	0.03%	0.0%	0.0%
	LCNB	A	0.05%	0.0%	0.0%
	LCUT	F	0.02%	0.01%	0.01%
	LEGH	D	0.07%	0.03%	0.03%
	LGL	B	0.0%	0.0%	0.0%
	LINC	C	0.1%	0.01%	0.01%
	LIVE	F	0.0%	0.0%	0.0%
	LOCO	D	0.08%	0.04%	0.04%
	LOVE	A	0.11%	0.03%	0.03%
	LSBK	A	0.01%	0.0%	0.0%
	LSEA	F	0.05%	0.02%	0.02%
	LTRX	F	0.02%	0.01%	0.01%
	LUNA	F	0.01%	0.0%	0.0%
	LXFR	B	0.1%	0.01%	0.01%
	LYTS	B	0.14%	0.01%	0.01%
	MBCN	C	0.05%	0.0%	0.0%
	MBWM	B	0.19%	0.08%	0.08%
	MCB	B	0.17%	0.02%	0.02%
	MCFT	C	0.08%	0.02%	0.02%
	MCS	B	0.13%	0.06%	0.06%
	MEC	F	0.05%	0.02%	0.02%
	METC	C	0.08%	0.03%	0.03%
	METCB	D	0.01%	0.0%	0.0%
	MG	F	0.05%	0.01%	0.01%
	MGYR	A	0.02%	0.0%	0.0%
	MITK	D	0.1%	0.01%	0.01%
	MLR	C	0.18%	0.07%	0.07%
	MNSB	C	0.03%	0.0%	0.0%
	MNTX	B	0.02%	0.0%	0.0%
	MOFG	B	0.12%	0.03%	0.03%
	MOV	D	0.07%	0.02%	0.02%
	MPAA	B	0.03%	0.01%	0.01%
	MPB	B	0.12%	0.02%	0.02%
	MRBK	A	0.03%	0.0%	0.0%
	MSBI	B	0.14%	0.05%	0.05%
	MTUS	D	0.15%	0.06%	0.06%
	MTW	C	0.09%	0.03%	0.03%
	MVBF	C	0.06%	0.0%	0.0%
	MYE	F	0.11%	0.01%	0.01%
	MYFW	B	0.04%	0.0%	0.0%
	NAT	F	0.15%	0.05%	0.05%
	NATR	B	0.05%	0.01%	0.01%
	NBN	B	0.16%	0.0%	0.0%
	NC	C	0.03%	0.01%	0.01%
	NECB	B	0.09%	0.02%	0.02%
	NFBK	B	0.13%	0.04%	0.04%
	NGS	A	0.07%	0.03%	0.03%
	NGVC	A	0.08%	0.02%	0.02%
	NIC	B	0.37%	0.05%	0.05%
	NL	B	0.02%	0.01%	0.01%
	NNBR	C	0.04%	0.0%	0.0%
	NPK	C	0.1%	0.03%	0.03%
	NR	B	0.14%	0.05%	0.05%
	NRIM	A	0.11%	0.01%	0.01%
	NSYS	D	0.0%	0.0%	0.0%
	NTGR	B	0.17%	0.02%	0.02%
	NTIC	C	0.02%	0.0%	0.0%
	NVRI	D	0.13%	0.05%	0.05%
	NWFL	C	0.06%	0.0%	0.0%
	NWPX	A	0.13%	0.05%	0.05%
	NX	C	0.33%	0.07%	0.07%
	OB	B	0.05%	0.0%	0.0%
	OBK	B	0.25%	0.06%	0.06%
	ODC	C	0.08%	0.01%	0.01%
	OIS	B	0.08%	0.02%	0.02%
	ONEW	F	0.06%	0.0%	0.0%
	OPBK	B	0.05%	0.01%	0.01%
	OPHC	C	0.01%	0.0%	0.0%
	ORGO	B	0.07%	0.02%	0.02%
	ORN	B	0.06%	0.01%	0.01%
	ORRF	B	0.18%	0.02%	0.02%
	OSBC	A	0.2%	0.05%	0.05%
	OSUR	F	0.07%	0.02%	0.02%
	OVBC	A	0.03%	0.0%	0.0%
	OVLY	B	0.05%	0.0%	0.0%
	PACK	B	0.07%	0.03%	0.03%
	PAHC	B	0.12%	0.0%	0.0%
	PANL	F	0.05%	0.02%	0.02%
	PCB	B	0.06%	0.01%	0.01%
	PEBK	B	0.03%	0.0%	0.0%
	PEBO	B	0.3%	0.12%	0.12%
	PFC	B	0.24%	0.09%	0.09%
	PFIS	B	0.12%	0.01%	0.01%
	PGC	A	0.15%	0.05%	0.05%
	PHX	A	0.03%	0.01%	0.01%
	PKBK	B	0.06%	0.02%	0.02%
	PKOH	B	0.07%	0.03%	0.03%
	PLPC	B	0.08%	0.05%	0.05%
	PNRG	A	0.03%	0.0%	0.0%
	POWW	F	0.03%	0.0%	0.0%
	PPIH	A	0.03%	0.0%	0.0%
	PRDO	B	0.39%	0.15%	0.15%
	PROV	A	0.02%	0.0%	0.0%
	PVBC	B	0.04%	0.01%	0.01%
	PWOD	A	0.05%	0.01%	0.01%
	QCRH	B	0.36%	0.09%	0.09%
	QUAD	C	0.05%	0.0%	0.0%
	RBB	B	0.1%	0.02%	0.02%
	RBBN	B	0.09%	0.02%	0.02%
	RBCAA	B	0.16%	0.06%	0.06%
	RBKB	A	0.01%	0.0%	0.0%
	RCKY	F	0.04%	0.02%	0.02%
	RDUS	C	0.11%	0.04%	0.04%
	RELL	B	0.04%	0.02%	0.02%
	REPX	A	0.1%	0.04%	0.04%
	REX	D	0.18%	0.08%	0.08%
	RGP	F	0.07%	0.02%	0.02%
	RLGT	B	0.06%	0.02%	0.02%
	RM	D	0.06%	0.03%	0.03%
	RMAX	D	0.05%	0.02%	0.02%
	RMBI	A	0.03%	0.0%	0.0%
	RNGR	A	0.06%	0.02%	0.02%
	RRBI	A	0.07%	0.0%	0.0%
	RSVR	A	0.04%	0.0%	0.0%
	RVSB	B	0.02%	0.01%	0.01%
	RYAM	C	0.14%	0.05%	0.05%
	SBFG	A	0.03%	0.0%	0.0%
	SBT	C	0.02%	0.01%	0.01%
	SCSC	B	0.3%	0.12%	0.12%
	SCVL	F	0.16%	0.1%	0.1%
	SD	D	0.09%	0.0%	0.0%
	SENEA	A	0.08%	0.02%	0.02%
	SFST	B	0.08%	0.01%	0.01%
	SGA	F	0.01%	0.01%	0.01%
	SGC	C	0.05%	0.01%	0.01%
	SGRP	D	0.01%	0.0%	0.0%
	SHBI	B	0.12%	0.02%	0.02%
	SHYF	C	0.12%	0.01%	0.01%
	SLNG	B	0.0%	0.0%	0.0%
	SLQT	B	0.08%	0.01%	0.01%
	SMBC	B	0.15%	0.01%	0.01%
	SMBK	B	0.14%	0.03%	0.03%
	SMHI	F	0.04%	0.01%	0.01%
	SNFCA	A	0.03%	0.01%	0.01%
	SPFI	B	0.11%	0.01%	0.01%
	SPOK	B	0.08%	0.0%	0.0%
	SPTN	F	0.15%	0.06%	0.06%
	SPWH	F	0.02%	0.01%	0.01%
	SRI	F	0.04%	0.01%	0.01%
	SRTS	A	0.03%	0.01%	0.01%
	SSBK	A	0.08%	0.0%	0.0%
	SSP	F	0.03%	0.0%	0.0%
	SSTI	D	0.03%	0.0%	0.0%
	STRS	B	0.04%	0.01%	0.01%
	STRT	B	0.04%	0.01%	0.01%
	SWBI	D	0.15%	0.05%	0.05%
	SWIM	C	0.06%	0.03%	0.03%
	SXC	A	0.25%	0.1%	0.1%
	TACT	F	0.01%	0.0%	0.0%
	TAYD	F	0.03%	0.0%	0.0%
	TBI	F	0.05%	0.01%	0.01%
	TBNK	B	0.02%	0.01%	0.01%
	TCBX	A	0.1%	0.02%	0.02%
	TCMD	B	0.09%	0.01%	0.01%
	TG	D	0.05%	0.0%	0.0%
	THFF	B	0.14%	0.05%	0.05%
	THR	B	0.24%	0.05%	0.05%
	THRY	F	0.11%	0.01%	0.01%
	TILE	A	0.35%	0.04%	0.04%
	TITN	D	0.07%	0.02%	0.02%
	TLYS	F	0.02%	0.0%	0.0%
	TPC	C	0.3%	0.12%	0.12%
	TRC	F	0.08%	0.04%	0.04%
	TRDA	C	0.11%	0.01%	0.01%
	TRST	B	0.16%	0.06%	0.06%
	TSBK	A	0.06%	0.02%	0.02%
	TTEC	F	0.02%	0.01%	0.01%
	TTSH	D	0.05%	0.01%	0.01%
	TUSK	F	0.02%	0.0%	0.0%
	TWI	F	0.08%	0.02%	0.02%
	TWIN	F	0.03%	0.01%	0.01%
	UBFO	A	0.03%	0.01%	0.01%
	UEIC	B	0.03%	0.0%	0.0%
	UFCS	A	0.13%	0.05%	0.05%
	ULBI	F	0.02%	0.01%	0.01%
	ULH	B	0.08%	0.02%	0.02%
	UNTY	B	0.08%	0.02%	0.02%
	UONEK	F	0.0%	0.0%	0.0%
	USAP	B	0.09%	0.03%	0.03%
	UTMD	F	0.06%	0.01%	0.01%
	UVE	A	0.13%	0.0%	0.0%
	UVSP	B	0.22%	0.08%	0.08%
	VABK	B	0.05%	0.0%	0.0%
	VEL	A	0.05%	0.0%	0.0%
	VIRC	C	0.04%	0.01%	0.01%
	VLGEA	C	0.07%	0.03%	0.03%
	VNDA	C	0.07%	0.01%	0.01%
	VPG	F	0.06%	0.03%	0.03%
	VRA	D	0.03%	0.01%	0.01%
	VSEC	B	0.45%	0.06%	0.06%
	VTOL	B	0.22%	0.09%	0.09%
	VTSI	C	0.02%	0.01%	0.01%
	VYGR	F	0.06%	0.01%	0.01%
	WASH	B	0.16%	0.04%	0.04%
	WEYS	C	0.06%	0.02%	0.02%
	WHG	B	0.03%	0.0%	0.0%
	WLDN	C	0.13%	0.0%	0.0%
	WLFC	C	0.14%	0.03%	0.03%
	WNC	D	0.21%	0.05%	0.05%
	WNEB	A	0.04%	0.02%	0.02%
	WSBF	B	0.06%	0.03%	0.03%
	WTTR	A	0.3%	0.12%	0.12%
	ZEUS	C	0.1%	0.05%	0.05%
	ZIMV	F	0.09%	0.02%	0.02%
	ZUMZ	C	0.08%	0.02%	0.02%

IWC Overweight 962 Positions Relative to DFSV

	Symbol	Grade	Weight
	CORZ	A	0.69%
	HUT	B	0.5%
	LBPH	A	0.47%
	SOUN	C	0.46%
	OSW	B	0.46%
	SRRK	B	0.45%
	MNKD	B	0.44%
	MIRM	B	0.43%
	AGX	B	0.42%
	WULF	C	0.41%
	TARS	C	0.4%
	REVG	B	0.38%
	NRIX	C	0.36%
	STEL	B	0.36%
	OCUL	C	0.35%
	COCO	A	0.33%
	GABC	B	0.32%
	UMH	B	0.31%
	VRDN	D	0.31%
	NTST	D	0.3%
	CRAI	B	0.3%
	PRAX	C	0.3%
	ATEN	A	0.29%
	BLBD	F	0.29%
	IRON	B	0.29%
	HROW	D	0.29%
	CIFR	C	0.29%
	WINA	B	0.28%
	MDXG	B	0.27%
	PFBC	B	0.26%
	TPB	A	0.26%
	AMSC	C	0.26%
	AORT	B	0.26%
	FBRT	C	0.26%
	WVE	C	0.26%
	NN	B	0.26%
	CDNA	D	0.26%
	ARLO	C	0.26%
	BBSI	A	0.26%
	QNST	B	0.26%
	BLND	A	0.25%
	BFC	B	0.25%
	EFC	D	0.25%
	ACHR	B	0.24%
	COLL	F	0.24%
	LEU	C	0.24%
	AAOI	A	0.24%
	INOD	B	0.24%
	VVI	B	0.23%
	HCI	C	0.23%
	ARR	D	0.23%
	DX	B	0.23%
	GDYN	C	0.23%
	TRNS	F	0.23%
	LMB	A	0.23%
	UTL	B	0.23%
	COMM	D	0.22%
	SEZL	B	0.22%
	PNTG	D	0.22%
	VITL	D	0.22%
	APLT	B	0.21%
	CDRE	F	0.21%
	FIP	D	0.21%
	APLD	B	0.21%
	WGS	C	0.21%
	ELVN	C	0.21%
	ZYME	C	0.21%
	KNSA	F	0.2%
	YEXT	B	0.2%
	COGT	D	0.2%
	CCB	A	0.2%
	ASPN	F	0.2%
	CDMO	A	0.19%
	IDT	B	0.19%
	BLFS	B	0.19%
	AVBP	C	0.19%
	DJCO	B	0.19%
	ROOT	B	0.19%
	HCKT	B	0.19%
	NBBK	B	0.19%
	UTI	B	0.19%
	IE	D	0.19%
	CECO	B	0.19%
	CGEM	F	0.18%
	INDI	C	0.18%
	PLYM	F	0.18%
	BASE	C	0.18%
	EOLS	F	0.17%
	GOOD	B	0.17%
	SPRY	C	0.17%
	WSR	B	0.17%
	MCBS	B	0.16%
	OSPN	A	0.16%
	ARIS	A	0.16%
	EU	D	0.16%
	MAGN	F	0.16%
	REPL	C	0.16%
	IMXI	B	0.16%
	ETNB	D	0.16%
	ML	C	0.16%
	CASS	B	0.15%
	OFIX	B	0.15%
	CBL	A	0.15%
	DAVE	B	0.15%
	CEVA	B	0.15%
	CRGX	F	0.14%
	CCO	D	0.14%
	ORC	C	0.14%
	AVXL	B	0.14%
	MNMD	C	0.14%
	IIIV	B	0.14%
	TIPT	B	0.14%
	PLOW	F	0.14%
	DNTH	F	0.14%
	HNST	A	0.14%
	CRMD	C	0.14%
	LQDA	F	0.14%
	ADPT	C	0.14%
	ANNX	F	0.14%
	TRML	C	0.14%
	IMNM	F	0.13%
	CTLP	B	0.13%
	YORW	D	0.13%
	ESQ	B	0.13%
	WEAV	B	0.13%
	ORIC	F	0.13%
	UHT	D	0.13%
	GMRE	F	0.13%
	SIBN	F	0.13%
	ABUS	D	0.13%
	CSV	B	0.13%
	KRUS	C	0.13%
	SRDX	B	0.13%
	FPI	A	0.13%
	LQDT	B	0.13%
	AXGN	D	0.13%
	ALT	C	0.13%
	HIPO	A	0.13%
	FSBC	B	0.13%
	NRDS	D	0.13%
	DHC	F	0.13%
	NCMI	C	0.12%
	SEI	A	0.12%
	LASR	F	0.12%
	TTI	B	0.12%
	ERAS	C	0.12%
	ATRO	D	0.12%
	NUVB	C	0.12%
	CAPR	B	0.12%
	UIS	C	0.12%
	CLMB	A	0.12%
	AMRK	D	0.12%
	CTO	B	0.11%
	RVNC	F	0.11%
	LMNR	C	0.11%
	CLDT	C	0.11%
	FUBO	F	0.11%
	AURA	C	0.11%
	FDMT	F	0.11%
	TREE	F	0.11%
	HCAT	F	0.11%
	AGS	A	0.11%
	TK	C	0.11%
	EVER	F	0.11%
	DHIL	A	0.11%
	CVGW	D	0.11%
	SLP	F	0.11%
	EYPT	D	0.11%
	OLP	B	0.11%
	CCSI	C	0.11%
	BBW	B	0.11%
	NLOP	B	0.11%
	LAB	F	0.11%
	PKST	F	0.11%
	LIND	B	0.11%
	CVLG	B	0.11%
	REAL	B	0.1%
	WTBA	B	0.1%
	ESPR	B	0.1%
	IVR	D	0.1%
	WRLD	D	0.1%
	LAND	F	0.1%
	EBS	C	0.1%
	XERS	C	0.1%
	QTRX	F	0.1%
	FC	F	0.1%
	GHM	A	0.1%
	YMAB	F	0.1%
	KIND	C	0.1%
	PGY	F	0.1%
	LENZ	C	0.1%
	DMRC	B	0.1%
	IRMD	B	0.1%
	RIGL	B	0.1%
	ATXS	F	0.1%
	RICK	C	0.1%
	URGN	F	0.1%
	BVS	D	0.1%
	HUMA	F	0.1%
	STOK	D	0.1%
	TRUE	C	0.09%
	LGTY	B	0.09%
	LWLG	D	0.09%
	TBPH	B	0.09%
	MAX	F	0.09%
	LUNR	B	0.09%
	TSHA	C	0.09%
	TERN	F	0.09%
	NGNE	F	0.09%
	OABI	D	0.09%
	ALNT	C	0.09%
	MXCT	D	0.09%
	EGHT	C	0.09%
	NVEC	D	0.09%
	HYLN	B	0.09%
	ZVRA	A	0.09%
	XPER	D	0.09%
	RDVT	A	0.09%
	OUST	C	0.09%
	ASPI	C	0.09%
	OLMA	F	0.09%
	KALV	F	0.09%
	ARCT	F	0.09%
	ACRE	B	0.09%
	AKBA	C	0.09%
	TALK	C	0.09%
	ANAB	F	0.09%
	OMER	B	0.09%
	CWCO	C	0.09%
	CERS	D	0.08%
	FNLC	B	0.08%
	JMSB	C	0.08%
	TYRA	F	0.08%
	ACIC	B	0.08%
	BYRN	B	0.08%
	GLUE	C	0.08%
	NEWT	B	0.08%
	FNKO	D	0.08%
	SFIX	B	0.08%
	ALEC	F	0.08%
	TECX	B	0.08%
	AQST	D	0.08%
	MTRX	A	0.08%
	OOMA	A	0.08%
	MLYS	F	0.08%
	DENN	D	0.08%
	CDXC	A	0.08%
	EVLV	F	0.08%
	CMPO	B	0.08%
	VERV	D	0.08%
	CELC	F	0.08%
	SLRN	F	0.08%
	ATEX	F	0.08%
	SVRA	F	0.08%
	CRVS	C	0.08%
	CWBC	B	0.08%
	SNBR	F	0.07%
	MBI	B	0.07%
	RCAT	B	0.07%
	CDXS	B	0.07%
	PKE	B	0.07%
	SMRT	F	0.07%
	PBPB	C	0.07%
	SIGA	F	0.07%
	LRMR	D	0.07%
	DOMO	C	0.07%
	CLPT	D	0.07%
	AVAH	B	0.07%
	KRRO	D	0.07%
	AMLX	C	0.07%
	AEHR	F	0.07%
	PHAT	F	0.07%
	VMD	C	0.07%
	PSTL	D	0.07%
	PLSE	C	0.07%
	RCEL	B	0.07%
	SPIR	B	0.07%
	OBT	B	0.07%
	NVTS	F	0.06%
	ELMD	A	0.06%
	REI	F	0.06%
	CIA	B	0.06%
	ABSI	F	0.06%
	ANIK	D	0.06%
	IHRT	C	0.06%
	ABEO	F	0.06%
	JSPR	C	0.06%
	RDW	B	0.06%
	GCBC	C	0.06%
	ILPT	F	0.06%
	PRCH	B	0.06%
	CRMT	F	0.06%
	INGN	C	0.06%
	RZLT	C	0.06%
	NATH	C	0.06%
	FREY	B	0.06%
	STRO	F	0.06%
	LUNG	F	0.06%
	OCGN	F	0.06%
	THRD	D	0.06%
	XOMA	B	0.06%
	PDLB	B	0.06%
	BOW	A	0.06%
	AVIR	F	0.06%
	BLZE	F	0.06%
	MRSN	C	0.06%
	MGTX	C	0.06%
	DSP	A	0.06%
	CCCC	F	0.06%
	ACCD	F	0.06%
	TRAK	A	0.06%
	HEAR	C	0.06%
	MAMA	A	0.06%
	PLBC	A	0.06%
	FDBC	C	0.06%
	WOW	C	0.06%
	REFI	A	0.06%
	PCYO	A	0.06%
	TNGX	F	0.05%
	BLDE	D	0.05%
	CVRX	C	0.05%
	NXDT	F	0.05%
	DSGN	C	0.05%
	BSVN	A	0.05%
	ONTF	C	0.05%
	NKSH	C	0.05%
	FULC	F	0.05%
	GRPN	F	0.05%
	PSTX	D	0.05%
	PESI	B	0.05%
	CIO	F	0.05%
	BPRN	C	0.05%
	CTGO	D	0.05%
	DCTH	C	0.05%
	ONIT	C	0.05%
	NKTR	F	0.05%
	RAPP	C	0.05%
	ADCT	F	0.05%
	LFMD	C	0.05%
	ENTA	F	0.05%
	KLTR	A	0.05%
	MITT	D	0.05%
	ETON	B	0.05%
	WTI	F	0.05%
	BARK	C	0.05%
	RGTI	C	0.05%
	QTTB	F	0.05%
	MED	D	0.05%
	KRT	B	0.05%
	FHTX	C	0.05%
	ATYR	C	0.05%
	GNE	F	0.05%
	PYXS	C	0.05%
	TBRG	A	0.05%
	USCB	B	0.05%
	ALDX	D	0.05%
	PLL	D	0.05%
	AIP	C	0.05%
	ONL	D	0.05%
	SMLR	A	0.05%
	BRT	A	0.05%
	SKYT	F	0.05%
	LE	D	0.05%
	PFMT	F	0.05%
	MGNX	D	0.05%
	PINE	D	0.05%
	INSE	B	0.05%
	BHR	C	0.05%
	ACRS	B	0.04%
	QBTS	B	0.04%
	PAL	F	0.04%
	IGMS	F	0.04%
	LFCR	B	0.04%
	MHLD	D	0.04%
	GWRS	B	0.04%
	DC	F	0.04%
	PRTH	B	0.04%
	ACHV	F	0.04%
	ALTI	C	0.04%
	BLNK	F	0.04%
	STHO	F	0.04%
	MDV	D	0.04%
	NRGV	C	0.04%
	MYPS	C	0.04%
	BTMD	C	0.04%
	RAIL	D	0.04%
	NEOV	B	0.04%
	ELDN	C	0.04%
	VSTM	D	0.04%
	AFCG	D	0.04%
	FFNW	C	0.04%
	BVFL	A	0.04%
	ESOA	A	0.04%
	LXEO	F	0.04%
	SLDP	F	0.04%
	LOGC	A	0.04%
	INBX	F	0.04%
	LNKB	B	0.04%
	LAW	F	0.04%
	TRVI	F	0.04%
	ATOS	F	0.04%
	INZY	F	0.04%
	ARAY	D	0.04%
	RXT	C	0.04%
	BELFA	D	0.04%
	NVRO	F	0.04%
	GPMT	B	0.04%
	CRBU	D	0.04%
	EXFY	A	0.04%
	SEVN	C	0.04%
	ESSA	B	0.04%
	SERA	F	0.04%
	ARQ	B	0.04%
	INFU	B	0.04%
	TSVT	F	0.04%
	CRBP	F	0.04%
	BBAI	C	0.04%
	TCRX	F	0.04%
	SAMG	B	0.04%
	GNSS	B	0.04%
	MLP	C	0.04%
	LYEL	F	0.04%
	CRD.B	C	0.04%
	RGCO	C	0.04%
	CTV	F	0.04%
	FSP	C	0.04%
	BRBS	B	0.04%
	IRBT	F	0.04%
	MFIN	B	0.04%
	KOD	B	0.04%
	BMEA	F	0.04%
	TLS	D	0.04%
	SMID	B	0.04%
	FINW	A	0.04%
	AEYE	C	0.04%
	MODV	C	0.04%
	MVIS	F	0.04%
	EGAN	D	0.03%
	PGEN	F	0.03%
	WMPN	B	0.03%
	BDTX	F	0.03%
	OPRT	B	0.03%
	SRBK	C	0.03%
	LWAY	C	0.03%
	TNYA	C	0.03%
	BW	C	0.03%
	ISSC	B	0.03%
	KINS	A	0.03%
	PAYS	F	0.03%
	SLDB	F	0.03%
	STXS	C	0.03%
	BKSY	B	0.03%
	NAUT	F	0.03%
	SKIN	D	0.03%
	INO	F	0.03%
	VTYX	F	0.03%
	LXRX	F	0.03%
	ACR	A	0.03%
	KFS	B	0.03%
	MRAM	C	0.03%
	AOMR	F	0.03%
	CNTY	B	0.03%
	CKPT	C	0.03%
	ALMS	F	0.03%
	QRHC	F	0.03%
	HNVR	A	0.03%
	SAVE	F	0.03%
	KRMD	A	0.03%
	INSG	D	0.03%
	ZYXI	D	0.03%
	AJX	F	0.03%
	ECBK	B	0.03%
	JYNT	C	0.03%
	TSE	F	0.03%
	CMT	F	0.03%
	NPCE	C	0.03%
	LNZA	F	0.03%
	OPFI	A	0.03%
	TZOO	B	0.03%
	IDR	C	0.03%
	ISPR	F	0.03%
	RNAC	F	0.03%
	UNB	A	0.03%
	NODK	A	0.03%
	MPTI	B	0.03%
	APPS	F	0.03%
	SGMT	D	0.03%
	LCTX	D	0.03%
	FXNC	B	0.03%
	HLLY	F	0.03%
	TCX	F	0.03%
	MYO	B	0.03%
	FNWD	B	0.03%
	RCMT	C	0.03%
	TSQ	F	0.03%
	PMTS	B	0.03%
	SPCE	D	0.03%
	EARN	C	0.03%
	SGHT	F	0.03%
	NREF	A	0.03%
	PBFS	A	0.03%
	CABA	F	0.03%
	ATOM	C	0.03%
	XBIT	F	0.03%
	PSNL	D	0.03%
	NKTX	F	0.03%
	CDLX	D	0.03%
	SEER	B	0.03%
	SMTI	B	0.03%
	AMTX	C	0.03%
	OBIO	D	0.03%
	DOUG	B	0.03%
	SKYH	C	0.03%
	LFVN	C	0.03%
	CDZI	C	0.03%
	ZURA	F	0.03%
	CMPX	F	0.03%
	ARTV	F	0.03%
	JILL	D	0.03%
	ADVM	F	0.03%
	HRTX	F	0.03%
	BEEM	F	0.02%
	BLUE	F	0.02%
	CDTX	B	0.02%
	ACET	F	0.02%
	SDIG	C	0.02%
	STKS	F	0.02%
	BGSF	F	0.02%
	OVID	D	0.02%
	GNLX	D	0.02%
	AKYA	F	0.02%
	UPLD	B	0.02%
	CLPR	D	0.02%
	CXDO	C	0.02%
	SND	C	0.02%
	STRW	C	0.02%
	PEPG	F	0.02%
	ASYS	C	0.02%
	REKR	F	0.02%
	CLRB	F	0.02%
	GUTS	F	0.02%
	OPRX	F	0.02%
	QNCX	B	0.02%
	INMB	F	0.02%
	PDSB	F	0.02%
	IVAC	F	0.02%
	XFOR	F	0.02%
	BCAB	F	0.02%
	CPHC	C	0.02%
	PLCE	C	0.02%
	SCWO	F	0.02%
	NRDY	D	0.02%
	ACNT	B	0.02%
	CLSD	F	0.02%
	VTGN	F	0.02%
	CTMX	F	0.02%
	PMVP	D	0.02%
	OPOF	B	0.02%
	EEX	C	0.02%
	FBLG	F	0.02%
	RMTI	D	0.02%
	RSSS	B	0.02%
	RLMD	F	0.02%
	TDUP	C	0.02%
	KYTX	F	0.02%
	FGBI	A	0.02%
	CBUS	D	0.02%
	QSI	B	0.02%
	WW	F	0.02%
	CADL	F	0.02%
	SNDA	D	0.02%
	VOXX	D	0.02%
	GBIO	F	0.02%
	SLS	C	0.02%
	SNCR	F	0.02%
	VERU	F	0.02%
	KLXE	C	0.02%
	GLSI	F	0.02%
	HQI	B	0.02%
	LFT	C	0.02%
	GAN	C	0.02%
	RRGB	D	0.02%
	VERI	F	0.02%
	SKYX	D	0.02%
	UFI	F	0.02%
	CHMI	F	0.02%
	SKLZ	F	0.02%
	SACH	F	0.02%
	OTLK	D	0.02%
	ORMP	F	0.02%
	LPTX	D	0.02%
	INVE	C	0.02%
	COYA	F	0.02%
	SERV	F	0.02%
	SUNS	B	0.02%
	ACRV	F	0.02%
	CHRS	D	0.02%
	AEVA	D	0.02%
	SKYE	D	0.02%
	FEIM	B	0.02%
	EP	D	0.02%
	MPX	C	0.02%
	AIRG	C	0.02%
	MAPS	B	0.02%
	AIRS	C	0.02%
	MNOV	C	0.02%
	HBIO	F	0.02%
	NNE	B	0.02%
	CSPI	C	0.02%
	RMBL	B	0.02%
	RGLS	F	0.02%
	GIFI	B	0.02%
	PDEX	B	0.02%
	LEE	C	0.02%
	ALLK	D	0.02%
	KOPN	C	0.02%
	LTBR	C	0.02%
	PFIE	A	0.02%
	KPTI	D	0.02%
	IMUX	F	0.02%
	SFBC	C	0.02%
	FRGE	F	0.02%
	ANRO	F	0.02%
	DMAC	D	0.02%
	PETS	C	0.02%
	ANIX	F	0.02%
	CTNM	F	0.02%
	GRWG	F	0.02%
	SCPH	F	0.02%
	QUIK	F	0.02%
	TPIC	F	0.02%
	BKTI	B	0.02%
	TIL	D	0.02%
	DIBS	F	0.02%
	ABOS	D	0.02%
	RMNI	C	0.02%
	CRDF	D	0.02%
	PBYI	C	0.02%
	XOS	F	0.01%
	BODI	D	0.01%
	GLYC	D	0.01%
	OCX	F	0.01%
	FBIO	F	0.01%
	RDI	F	0.01%
	ICCC	D	0.01%
	AISP	D	0.01%
	SURG	F	0.01%
	OMGA	F	0.01%
	CALC	F	0.01%
	ARL	D	0.01%
	MGLD	F	0.01%
	NTIP	D	0.01%
	FGF	B	0.01%
	ATHA	D	0.01%
	ORKA	D	0.01%
	MRKR	D	0.01%
	FTEK	C	0.01%
	GRYP	D	0.01%
	JRSH	B	0.01%
	ARMP	D	0.01%
	XAIR	D	0.01%
	AP	F	0.01%
	SST	F	0.01%
	CRIS	F	0.01%
	RLYB	F	0.01%
	CARM	F	0.01%
	POCI	C	0.01%
	RENB	F	0.01%
	ALTS	C	0.01%
	PNST	D	0.01%
	FTHM	F	0.01%
	CELU	C	0.01%
	LVLU	F	0.01%
	BTM	C	0.01%
	VTVT	C	0.01%
	IRIX	D	0.01%
	TOON	F	0.01%
	RVPH	D	0.01%
	CVM	F	0.01%
	LTRN	F	0.01%
	DYAI	B	0.01%
	BATL	F	0.01%
	HFBL	D	0.01%
	BNTC	B	0.01%
	RFL	C	0.01%
	MDBH	D	0.01%
	FLUX	F	0.01%
	CHCI	C	0.01%
	GEG	F	0.01%
	TPCS	F	0.01%
	CPTN	C	0.01%
	FAT	C	0.01%
	VANI	D	0.01%
	FARM	C	0.01%
	ELEV	D	0.01%
	INTS	F	0.01%
	STCN	D	0.01%
	ISDR	F	0.01%
	BYFC	C	0.01%
	OWLT	D	0.01%
	MHH	B	0.01%
	TYGO	F	0.01%
	RENT	F	0.01%
	MAIA	F	0.01%
	ZDGE	F	0.01%
	NINE	C	0.01%
	PASG	F	0.01%
	SCOR	C	0.01%
	VCSA	D	0.01%
	WFCF	C	0.01%
	BAER	C	0.01%
	XLO	C	0.01%
	CSBR	D	0.01%
	DTC	F	0.01%
	NXTC	F	0.01%
	GANX	F	0.01%
	OPTN	F	0.01%
	PBBK	D	0.01%
	OPXS	B	0.01%
	USIO	C	0.01%
	CODX	F	0.01%
	SLND	F	0.01%
	UG	F	0.01%
	PROP	F	0.01%
	GOEV	F	0.01%
	BSBK	D	0.01%
	RAPT	F	0.01%
	NDLS	F	0.01%
	FGEN	F	0.01%
	CENN	D	0.01%
	HSON	D	0.01%
	OKUR	D	0.01%
	TCI	D	0.01%
	TCBS	C	0.01%
	NVNO	F	0.01%
	AVTE	C	0.01%
	UHG	C	0.01%
	SOTK	B	0.01%
	AADI	C	0.01%
	GROV	D	0.01%
	PHUN	F	0.01%
	SCLX	F	0.01%
	APYX	C	0.01%
	SES	F	0.01%
	MGRM	F	0.01%
	CVU	C	0.01%
	BGFV	F	0.01%
	KRON	F	0.01%
	RFIL	B	0.01%
	AHT	C	0.01%
	FORA	F	0.01%
	AMPX	C	0.01%
	OPAD	C	0.01%
	SSBI	D	0.01%
	ELUT	B	0.01%
	SIEB	A	0.01%
	VOR	D	0.01%
	SPRU	F	0.01%
	IMRX	F	0.01%
	SHOT	F	0.01%
	XBP	C	0.01%
	MCHX	D	0.01%
	TISI	D	0.01%
	FSEA	C	0.01%
	TVGN	D	0.01%
	DERM	D	0.01%
	CODA	A	0.01%
	PDYN	D	0.01%
	DTI	F	0.01%
	ELTX	C	0.01%
	HHS	F	0.01%
	ICAD	D	0.01%
	WRAP	F	0.01%
	OM	D	0.01%
	VYNE	C	0.01%
	VALU	C	0.01%
	BDSX	F	0.01%
	ELA	A	0.01%
	SCYX	F	0.01%
	IDN	C	0.01%
	CURI	D	0.01%
	OSS	D	0.01%
	MOND	F	0.01%
	ABAT	F	0.01%
	TARA	C	0.01%
	SVCO	F	0.01%
	ALXO	F	0.01%
	ENZ	F	0.01%
	PPSI	C	0.01%
	CCEL	C	0.01%
	ATNM	F	0.01%
	NVCT	D	0.01%
	NHTC	F	0.01%
	IKNA	C	0.01%
	ICCH	A	0.01%
	PRPL	F	0.01%
	BEAT	B	0.01%
	BHM	D	0.01%
	FTLF	C	0.01%
	CLST	C	0.01%
	TELA	C	0.01%
	PXLW	D	0.01%
	NOTE	F	0.01%
	VBFC	A	0.01%
	STTK	F	0.01%
	GSIT	F	0.01%
	BAFN	B	0.01%
	DTIL	F	0.01%
	IZEA	B	0.01%
	IPWR	F	0.01%
	GMGI	C	0.01%
	HYMC	D	0.01%
	LOAN	D	0.01%
	SUP	F	0.01%
	AUBN	B	0.01%
	BCOW	B	0.01%
	MPU	C	0.01%
	NSTS	A	0.01%
	CURV	C	0.01%
	GOCO	C	0.01%
	CPBI	B	0.01%
	HOWL	F	0.01%
	AUID	F	0.01%
	SELF	B	0.01%
	STEM	F	0.01%
	VUZI	F	0.01%
	MODD	D	0.01%
	VIGL	F	0.01%
	TKNO	B	0.01%
	SPRO	F	0.01%
	APT	F	0.01%
	LPTH	C	0.01%
	SWKH	F	0.01%
	PRTS	C	0.01%
	ASMB	D	0.01%
	HGBL	D	0.01%
	ECOR	C	0.01%
	MASS	F	0.01%
	ANVS	F	0.01%
	GALT	C	0.01%
	AGEN	F	0.01%
	MURA	D	0.01%
	ALRN	F	0.01%
	HLVX	F	0.01%
	USAU	B	0.01%
	CRVO	F	0.01%
	PBHC	B	0.01%
	SKIL	D	0.01%
	NOTV	C	0.01%
	LVO	F	0.01%
	LNSR	B	0.01%
	VHI	D	0.01%
	IPSC	F	0.01%
	BKKT	C	0.01%
	IVVD	F	0.01%
	REFR	D	0.01%
	OPI	F	0.01%
	CUE	D	0.01%
	UBCP	D	0.01%
	BTCS	B	0.0%
	AREC	B	0.0%
	SOC	C	0.0%
	ANEB	F	0.0%
	CTCX	F	0.0%
	CMCT	F	0.0%
	PET	F	0.0%
	NKGN	F	0.0%
	BNAI	F	0.0%
	CDT	F	0.0%
	LUXH	C	0.0%
	SMXT	C	0.0%
	SOAR	D	0.0%
	HCWB	C	0.0%
	DRCT	F	0.0%
	ALUR	F	0.0%
	OCEA	F	0.0%
	CUTR	F	0.0%
	SYRS	F	0.0%
	SHIM	F	0.0%
	AWH	F	0.0%
	OMEX	F	0.0%
	IMMX	C	0.0%
	INTG	F	0.0%
	INKT	D	0.0%
	AAME	D	0.0%
	TOI	F	0.0%
	KFFB	F	0.0%
	INAB	D	0.0%
	LINK	C	0.0%
	DWSN	F	0.0%
	AMIX	D	0.0%
	TSBX	F	0.0%
	LYRA	F	0.0%
	RVP	F	0.0%
	PSQH	F	0.0%
	ESLA	D	0.0%
	PODC	B	0.0%
	GORV	F	0.0%
	DHAI	F	0.0%
	CETY	F	0.0%
	AKA	D	0.0%
	EQ	F	0.0%
	AIRE	F	0.0%
	QXO	C	0.0%
	RDZN	F	0.0%
	PALT	F	0.0%
	SVT	D	0.0%
	CMLS	F	0.0%
	MGX	F	0.0%
	AXIL	F	0.0%
	PRPH	F	0.0%
	VGAS	C	0.0%
	COCH	F	0.0%
	CYTH	F	0.0%
	UNCY	C	0.0%
	NEUE	F	0.0%
	PRLD	F	0.0%
	MDAI	D	0.0%
	TLF	F	0.0%
	CGTX	D	0.0%
	CMBM	F	0.0%
	AEON	F	0.0%
	PTN	D	0.0%
	DTST	C	0.0%
	CVV	D	0.0%
	MAYS	F	0.0%
	BRID	D	0.0%
	USEG	B	0.0%
	TPST	F	0.0%
	ANTX	C	0.0%
	VRCA	F	0.0%
	VIVK	C	0.0%
	KPLT	F	0.0%
	BCG	C	0.0%
	AERT	F	0.0%
	CXAI	F	0.0%
	MSAI	F	0.0%
	MRNS	F	0.0%
	AIRT	D	0.0%
	SYPR	D	0.0%
	BOLT	F	0.0%
	GCTS	F	0.0%
	TELO	F	0.0%
	NCSM	A	0.0%
	GAME	C	0.0%
	AWRE	D	0.0%
	CFSB	D	0.0%
	FEAM	F	0.0%
	ACXP	F	0.0%
	CREX	F	0.0%
	EVTV	F	0.0%
	USGO	B	0.0%
	MKTW	F	0.0%
	STIM	F	0.0%
	SABS	C	0.0%
	ARKR	F	0.0%
	NAII	F	0.0%
	BOLD	F	0.0%
	DRIO	F	0.0%
	SRZN	F	0.0%
	FLNT	F	0.0%
	BTAI	F	0.0%

IWC Underweight 516 Positions Relative to DFSV

	Symbol	Grade	Weight
	TMHC	C	-0.68%
	JXN	C	-0.67%
	X	C	-0.64%
	IVZ	B	-0.62%
	PB	B	-0.61%
	FHN	B	-0.6%
	LAD	B	-0.6%
	CMC	B	-0.59%
	DTM	A	-0.58%
	PNFP	B	-0.57%
	CNX	A	-0.57%
	WBS	A	-0.57%
	MHK	D	-0.57%
	FNB	B	-0.55%
	MTG	C	-0.55%
	BWA	D	-0.54%
	FYBR	C	-0.54%
	ONB	B	-0.54%
	WCC	B	-0.54%
	KNX	B	-0.53%
	CADE	B	-0.53%
	THO	C	-0.52%
	ZION	B	-0.51%
	AMKR	F	-0.51%
	ALK	A	-0.51%
	GPI	B	-0.5%
	AR	B	-0.5%
	POST	C	-0.49%
	GTES	A	-0.48%
	AL	B	-0.48%
	CLF	F	-0.47%
	UBSI	B	-0.47%
	PVH	D	-0.47%
	KEX	A	-0.46%
	AVT	C	-0.46%
	AGO	A	-0.45%
	OSK	C	-0.45%
	SM	C	-0.45%
	OZK	B	-0.45%
	WTFC	B	-0.45%
	MATX	B	-0.44%
	R	B	-0.43%
	ARW	D	-0.43%
	DAR	C	-0.43%
	GATX	A	-0.42%
	BOKF	B	-0.42%
	HWC	B	-0.41%
	MUR	D	-0.41%
	WTM	A	-0.41%
	ABCB	B	-0.41%
	SSB	B	-0.41%
	ACA	A	-0.41%
	ESNT	D	-0.41%
	VLY	B	-0.4%
	SKYW	B	-0.4%
	NOV	C	-0.4%
	DNB	A	-0.4%
	SANM	B	-0.4%
	CMA	B	-0.4%
	RRC	B	-0.39%
	BPOP	C	-0.39%
	ABG	B	-0.39%
	JAZZ	B	-0.39%
	ASB	B	-0.38%
	AXS	A	-0.38%
	COLB	B	-0.38%
	MOS	D	-0.38%
	MTDR	B	-0.38%
	TPH	D	-0.37%
	AGCO	F	-0.36%
	LEA	F	-0.36%
	JHG	B	-0.36%
	AVNT	B	-0.35%
	TCBI	B	-0.35%
	HOG	F	-0.35%
	BIO	C	-0.34%
	CRK	A	-0.34%
	M	F	-0.34%
	UCB	A	-0.33%
	LTH	D	-0.33%
	PBF	D	-0.33%
	ST	F	-0.33%
	ABM	B	-0.33%
	URBN	D	-0.32%
	HP	C	-0.32%
	FULT	B	-0.32%
	CATY	B	-0.31%
	INGR	B	-0.31%
	BTU	B	-0.31%
	TDS	B	-0.31%
	RUSHA	B	-0.3%
	KFY	B	-0.3%
	HUBG	A	-0.3%
	AUB	B	-0.3%
	ASH	F	-0.3%
	ESGR	B	-0.3%
	GNW	A	-0.3%
	GHC	B	-0.29%
	WSFS	B	-0.29%
	DXC	C	-0.29%
	FIBK	A	-0.29%
	PRGO	C	-0.29%
	RIG	D	-0.29%
	WAL	B	-0.29%
	ALIT	C	-0.29%
	BKU	A	-0.28%
	FMC	D	-0.28%
	WAFD	B	-0.28%
	FHB	B	-0.28%
	CRC	A	-0.27%
	HUN	F	-0.27%
	REZI	A	-0.27%
	BFH	B	-0.27%
	STNG	D	-0.27%
	TGNA	B	-0.26%
	PFS	B	-0.26%
	MDU	D	-0.26%
	ATGE	B	-0.26%
	CCS	F	-0.26%
	BHF	B	-0.26%
	NNI	D	-0.26%
	JLL	D	-0.26%
	DINO	D	-0.26%
	CWK	C	-0.26%
	CIVI	F	-0.26%
	VAC	C	-0.25%
	NJR	A	-0.25%
	XRAY	D	-0.25%
	SFNC	B	-0.25%
	NWL	B	-0.25%
	FFBC	B	-0.25%
	GTLS	A	-0.25%
	UNF	B	-0.25%
	LBRT	F	-0.24%
	MAN	F	-0.24%
	FAF	A	-0.24%
	MIDD	D	-0.24%
	EBC	B	-0.24%
	GXO	B	-0.24%
	INDB	B	-0.24%
	PBH	A	-0.24%
	ARCH	B	-0.23%
	NEOG	D	-0.23%
	TTMI	B	-0.23%
	HHH	B	-0.23%
	PPBI	B	-0.23%
	NVST	C	-0.22%
	WERN	B	-0.22%
	BILL	A	-0.22%
	CHRD	F	-0.22%
	SNDR	A	-0.22%
	BERY	C	-0.22%
	SEB	F	-0.22%
	MTX	C	-0.22%
	CVBF	A	-0.22%
	LGIH	F	-0.22%
	ENOV	C	-0.21%
	GBX	B	-0.21%
	AMR	C	-0.21%
	TOWN	B	-0.21%
	FRME	B	-0.21%
	ARCB	C	-0.21%
	ZD	B	-0.21%
	ACT	D	-0.21%
	GT	C	-0.21%
	ESI	B	-0.21%
	AAP	D	-0.21%
	IBTX	B	-0.21%
	IPGP	D	-0.21%
	CALM	A	-0.2%
	HGV	C	-0.2%
	AZTA	D	-0.2%
	BANR	B	-0.2%
	WSBC	B	-0.2%
	HTLF	B	-0.2%
	INSW	F	-0.2%
	WHR	B	-0.2%
	CPA	A	-0.2%
	SPNT	A	-0.19%
	JBT	A	-0.19%
	GEF	A	-0.19%
	RNST	B	-0.19%
	VSH	F	-0.19%
	WMK	B	-0.19%
	NOG	A	-0.19%
	PINC	B	-0.19%
	TRMK	B	-0.19%
	STRA	C	-0.19%
	AIR	B	-0.18%
	ASO	F	-0.18%
	EPC	F	-0.18%
	KMT	C	-0.18%
	MIR	A	-0.18%
	DIOD	F	-0.18%
	AA	A	-0.18%
	KAR	B	-0.18%
	CEIX	B	-0.18%
	CUBI	C	-0.17%
	NWBI	B	-0.17%
	HI	C	-0.17%
	FL	F	-0.17%
	LZB	B	-0.17%
	DHT	D	-0.17%
	FDP	A	-0.16%
	B	A	-0.16%
	LCII	C	-0.16%
	ORA	B	-0.16%
	SIG	C	-0.16%
	LC	B	-0.16%
	AEO	F	-0.16%
	WKC	C	-0.16%
	SNV	B	-0.16%
	KSS	F	-0.16%
	CENTA	C	-0.16%
	USM	B	-0.16%
	BCC	C	-0.16%
	GAP	D	-0.16%
	ELAN	D	-0.16%
	CMRE	B	-0.16%
	OI	D	-0.16%
	PHIN	A	-0.16%
	TALO	C	-0.16%
	UA	C	-0.16%
	BHE	B	-0.16%
	EFSC	B	-0.16%
	LBRDK	C	-0.16%
	ANDE	F	-0.16%
	GPOR	A	-0.16%
	UAA	C	-0.15%
	WGO	D	-0.15%
	SASR	B	-0.15%
	PPC	B	-0.15%
	TROX	D	-0.15%
	HLX	B	-0.15%
	FCF	B	-0.15%
	THS	F	-0.14%
	DNOW	B	-0.14%
	MODG	F	-0.14%
	FBNC	B	-0.14%
	MLKN	F	-0.14%
	SWI	B	-0.14%
	UVV	B	-0.14%
	AMWD	B	-0.14%
	ROG	D	-0.14%
	VBTX	B	-0.13%
	HMN	B	-0.13%
	PLAB	C	-0.13%
	SON	D	-0.13%
	PRM	C	-0.13%
	NAVI	F	-0.13%
	EIG	B	-0.13%
	CABO	B	-0.13%
	FA	C	-0.13%
	SFL	D	-0.13%
	TKR	F	-0.13%
	STBA	B	-0.13%
	ADNT	F	-0.13%
	VSTO	A	-0.13%
	SKX	F	-0.13%
	HOPE	B	-0.13%
	SCL	D	-0.13%
	KN	B	-0.13%
	ICUI	D	-0.13%
	KBH	D	-0.12%
	LPG	F	-0.12%
	INVA	D	-0.12%
	MRTN	D	-0.12%
	SUPN	B	-0.12%
	NHC	C	-0.12%
	DAN	F	-0.12%
	PRIM	A	-0.12%
	XPRO	F	-0.12%
	BUSE	B	-0.12%
	NBHC	B	-0.12%
	GIII	F	-0.12%
	LRN	A	-0.12%
	HLIO	C	-0.12%
	FOR	F	-0.12%
	SBCF	B	-0.11%
	UNFI	A	-0.11%
	ITGR	B	-0.11%
	ATSG	A	-0.11%
	TEX	D	-0.11%
	SAH	B	-0.11%
	COHU	D	-0.11%
	SCS	B	-0.11%
	BHLB	B	-0.11%
	UMBF	B	-0.11%
	PTVE	B	-0.11%
	HELE	C	-0.11%
	GO	C	-0.11%
	SGRY	F	-0.11%
	COTY	F	-0.1%
	OMCL	C	-0.1%
	RES	D	-0.1%
	APA	F	-0.1%
	PLYA	B	-0.1%
	VAL	F	-0.1%
	IMKTA	C	-0.1%
	TCBK	B	-0.1%
	GMS	B	-0.1%
	DOLE	D	-0.1%
	IART	C	-0.1%
	ALGT	C	-0.09%
	TRN	B	-0.09%
	ASGN	F	-0.09%
	OCFC	B	-0.09%
	TRS	B	-0.09%
	CRGY	A	-0.09%
	NMIH	C	-0.09%
	LILAK	D	-0.09%
	BRKL	B	-0.09%
	HL	C	-0.09%
	ECPG	C	-0.08%
	DLX	B	-0.08%
	MRCY	C	-0.08%
	LAUR	A	-0.08%
	PATK	C	-0.08%
	KALU	C	-0.08%
	RAMP	C	-0.08%
	ODP	F	-0.08%
	VTLE	C	-0.08%
	OMI	F	-0.08%
	ENS	D	-0.08%
	DK	D	-0.08%
	NTCT	C	-0.08%
	ECVT	C	-0.08%
	HFWA	B	-0.07%
	EZPW	A	-0.07%
	EGBN	B	-0.07%
	ROCK	D	-0.07%
	NMRK	C	-0.07%
	XRX	F	-0.07%
	SMP	C	-0.07%
	HOMB	B	-0.07%
	PSMT	D	-0.07%
	AVNS	F	-0.07%
	AZZ	A	-0.07%
	ASTE	C	-0.07%
	PLXS	B	-0.07%
	EYE	C	-0.07%
	VSTS	F	-0.07%
	ACHC	F	-0.07%
	PUMP	D	-0.07%
	CLVT	D	-0.06%
	NXST	D	-0.06%
	HAYW	B	-0.06%
	RCM	A	-0.06%
	KWR	C	-0.06%
	JELD	F	-0.06%
	PCRX	C	-0.06%
	FBK	B	-0.06%
	STC	B	-0.06%
	CERT	F	-0.06%
	MNRO	D	-0.06%
	SCHL	F	-0.06%
	HTLD	C	-0.06%
	MGNI	B	-0.06%
	CE	F	-0.06%
	MGPI	F	-0.06%
	PRA	B	-0.06%
	RYI	C	-0.06%
	AXL	C	-0.06%
	JBLU	F	-0.06%
	WOR	F	-0.05%
	SBH	B	-0.05%
	GES	F	-0.05%
	LBRDA	C	-0.05%
	MRC	B	-0.05%
	ATKR	D	-0.05%
	PDCO	F	-0.05%
	SNCY	C	-0.05%
	PRAA	D	-0.05%
	HNI	A	-0.05%
	CPRI	F	-0.05%
	FWRG	C	-0.05%
	ASC	D	-0.05%
	RRX	B	-0.05%
	CNXN	D	-0.05%
	CZR	F	-0.05%
	PRLB	B	-0.05%
	DNUT	F	-0.05%
	ZI	C	-0.05%
	NAPA	A	-0.05%
	SMPL	B	-0.04%
	KOS	D	-0.04%
	IAS	C	-0.04%
	CTOS	B	-0.04%
	CACI	D	-0.04%
	TMP	B	-0.04%
	UFPI	C	-0.04%
	GRBK	D	-0.04%
	RPAY	D	-0.04%
	AMRC	F	-0.04%
	ADV	C	-0.04%
	HII	F	-0.04%
	OEC	C	-0.04%
	USNA	C	-0.04%
	UCTT	F	-0.04%
	HCSG	C	-0.04%
	SRCE	B	-0.04%
	KRO	F	-0.04%
	FUL	F	-0.04%
	VRNT	D	-0.04%
	IBOC	B	-0.04%
	MATW	C	-0.04%
	MBUU	C	-0.04%
	CENT	C	-0.04%
	AVO	B	-0.04%
	MD	C	-0.04%
	PLUS	F	-0.04%
	VREX	B	-0.04%
	HTZ	C	-0.04%
	TFX	F	-0.03%
	LXU	C	-0.03%
	HCC	B	-0.03%
	BMBL	C	-0.03%
	MMI	B	-0.03%
	OXM	F	-0.03%
	GDOT	D	-0.03%
	SHEN	F	-0.03%
	GTN	F	-0.03%
	SBSI	B	-0.03%
	MSGE	F	-0.03%
	WS	B	-0.03%
	BGS	F	-0.03%
	RDN	D	-0.03%
	HAIN	D	-0.02%
	NEO	C	-0.02%
	CDE	C	-0.02%
	THRM	F	-0.02%
	MERC	F	-0.02%
	GPRE	F	-0.02%
	SSTK	F	-0.02%
	DBI	F	-0.02%
	QRVO	F	-0.02%
	CARS	C	-0.02%
	PARA	D	-0.02%
	VSAT	F	-0.02%
	AHCO	D	-0.02%
	ALG	C	-0.02%
	CLNE	F	-0.02%
	SEG	B	-0.02%
	NVEE	F	-0.02%
	NBTB	B	-0.02%
	AMCX	C	-0.02%
	GSM	C	-0.02%
	CRSR	C	-0.02%
	CFFN	B	-0.02%
	LILA	D	-0.02%
	OFG	B	-0.02%
	VMEO	B	-0.02%
	CVI	D	-0.01%
	PFSI	D	-0.01%
	MCW	C	-0.01%
	KW	C	-0.01%
	NBR	D	-0.01%
	AMN	F	-0.01%
	ANGI	F	-0.01%
	MEG	F	-0.01%
	RGR	F	-0.01%
	SYNA	D	-0.01%
	AESI	B	-0.01%
	BALY	A	-0.01%
	GEF	A	-0.01%
	JBI	F	-0.01%
	ANET	D	-0.01%
	RUSHB	B	-0.01%
	LGF.A	C	-0.01%
	PYCR	C	-0.01%
	ESE	B	-0.01%
	ORI	A	-0.01%
	BANC	B	-0.01%
	OLPX	D	-0.01%
	CNDT	C	-0.01%
	RUN	F	-0.01%
	CVEO	D	-0.01%
	MBIN	F	-0.01%
	PARR	F	-0.01%
	ENVA	B	-0.01%
	TAIT	F	-0.0%
	ELSE	A	-0.0%
	GROW	F	-0.0%
	DAIO	C	-0.0%
	OPY	B	-0.0%
	DIT	F	-0.0%
	BDL	F	-0.0%
	WHLM	D	-0.0%
	WVVI	F	-0.0%
	LGF.A	C	-0.0%
	AMS	F	-0.0%
	CKX	F	-0.0%
	FLGT	F	-0.0%
	CVR	C	-0.0%
	QIPT	F	-0.0%
	TASK	C	-0.0%
	TRT	B	-0.0%
	FIGS	F	-0.0%
	AC	C	-0.0%
	ARKO	D	-0.0%
	IOSP	C	-0.0%
	HPK	C	-0.0%
	CTKB	C	-0.0%
	CMP	C	-0.0%
	FPH	C	-0.0%
	VCYT	B	-0.0%
	ACDC	C	-0.0%
	RIOT	C	-0.0%
	MATV	F	-0.0%
	CNMD	C	-0.0%
	NEXA	B	-0.0%
	EVH	F	-0.0%
	LFST	C	-0.0%
	CHGG	C	-0.0%
	SSYS	B	-0.0%
	OLO	B	-0.0%

IWC: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Medical Devices Banks - Regional Savings & Cooperative Banks Software - Infrastructure Business Services Electronic Components Diagnostics & Research Drug Manufacturers - Specialty & Generic Specialty Retail Communication Equipment Conglomerates Oil & Gas E&P Oil & Gas Equipment & Services REIT - Diversified Aerospace & Defense Medical Instruments & Supplies Restaurants

Keywords: Bank Banking Medicine Biotechnology Biopharmaceutical Cancer Deposit Products Clinical Medicine Life Sciences Real Estate Loans Biology Disease Computing Telecommunications Loan Real Estate Investment Trust Mortgage Loan Demand Deposit Retail Banking Commercial Banking

DFSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Savings & Cooperative Banks Diversified Industrials Software - Application Oil & Gas Equipment & Services Auto Parts Specialty Chemicals Business Services Apparel Stores Conglomerates Credit Services Packaged Foods Shipping & Ports Specialty Retail Communication Equipment Electronic Components Home Furnishings & Fixtures Medical Devices Apparel Manufacturing

Keywords: Bank Banking Deposit Products Real Estate Loans Commercial Banking Demand Deposit Commercial Bank Mining Trust Services Retail Banking Individual Retirement Account Boat Business Loans Cash Management Services Loan Mortgage Loan Residential Real Estate Loans Natural Gas Banking Services Chemical