IWC vs. JSMD ETF Comparison

Comparison of iShares Microcap ETF (IWC) to Janus Small/Mid Cap Growth Alpha ETF (JSMD)

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

$132.54

Average Daily Volume

29,606

Number of Holdings ^*

1394

* may have additional holdings in another (foreign) market

JSMD

Janus Small/Mid Cap Growth Alpha ETF

JSMD Description

Janus Small/Mid Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$79.67

Average Daily Volume

13,488

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	IWC	JSMD
30 Days	4.96%	9.84%
60 Days	6.73%	10.32%
90 Days	7.04%	11.64%
12 Months	33.93%	34.01%

69 Overlapping Holdings

Symbol	Grade	Weight in IWC	Weight in JSMD	Overlap
AEHR	F	0.07%	0.05%	0.05%
ALTG	C	0.05%	0.02%	0.02%
AMAL	B	0.16%	0.06%	0.06%
AMPS	C	0.07%	0.02%	0.02%
ATLC	A	0.07%	0.04%	0.04%
BCAL	B	0.1%	0.03%	0.03%
BFC	B	0.25%	0.05%	0.05%
BFST	C	0.17%	0.04%	0.04%
BWFG	B	0.05%	0.01%	0.01%
BWMN	C	0.08%	0.04%	0.04%
BY	B	0.24%	0.07%	0.07%
CBNK	B	0.06%	0.02%	0.02%
CCB	A	0.2%	0.05%	0.05%
CCBG	B	0.13%	0.03%	0.03%
CCRN	F	0.08%	0.06%	0.06%
CFB	B	0.19%	0.04%	0.04%
CIVB	B	0.08%	0.02%	0.02%
CLFD	F	0.08%	0.06%	0.06%
CMPO	B	0.08%	0.06%	0.06%
CRAI	C	0.3%	0.11%	0.11%
DCGO	B	0.1%	0.08%	0.08%
ESQ	B	0.13%	0.03%	0.03%
ESSA	B	0.04%	0.01%	0.01%
FRAF	A	0.03%	0.01%	0.01%
FRD	F	0.02%	0.01%	0.01%
FSBC	C	0.13%	0.04%	0.04%
GCBC	C	0.06%	0.03%	0.03%
GRNT	B	0.08%	0.06%	0.06%
HCI	C	0.23%	0.06%	0.06%
HDSN	F	0.06%	0.02%	0.02%
HGBL	F	0.01%	0.0%	0.0%
HTBI	B	0.14%	0.03%	0.03%
HZO	F	0.16%	0.02%	0.02%
IMXI	B	0.16%	0.04%	0.04%
KFS	B	0.03%	0.01%	0.01%
KRT	B	0.05%	0.05%	0.05%
LOVE	A	0.11%	0.01%	0.01%
MCB	B	0.17%	0.04%	0.04%
MNSB	C	0.03%	0.01%	0.01%
NBN	C	0.16%	0.04%	0.04%
NECB	C	0.09%	0.02%	0.02%
NX	C	0.33%	0.08%	0.08%
OBT	C	0.07%	0.02%	0.02%
ODC	B	0.08%	0.02%	0.02%
ORRF	B	0.18%	0.04%	0.04%
OSBC	A	0.2%	0.04%	0.04%
OVLY	B	0.05%	0.01%	0.01%
PCYO	A	0.06%	0.01%	0.01%
PFBC	B	0.26%	0.07%	0.07%
PLBC	A	0.06%	0.01%	0.01%
PLPC	B	0.08%	0.06%	0.06%
PLYM	F	0.18%	0.02%	0.02%
PSTL	D	0.07%	0.01%	0.01%
QCRH	B	0.36%	0.08%	0.08%
RDVT	A	0.09%	0.07%	0.07%
REFI	A	0.06%	0.02%	0.02%
SACH	F	0.02%	0.0%	0.0%
SCLX	F	0.01%	0.02%	0.01%
SMBC	B	0.15%	0.04%	0.04%
SMLR	B	0.05%	0.06%	0.05%
SSBK	B	0.08%	0.02%	0.02%
TCBX	B	0.1%	0.02%	0.02%
TCMD	B	0.09%	0.07%	0.07%
TITN	C	0.07%	0.03%	0.03%
UNTY	B	0.08%	0.02%	0.02%
USCB	B	0.05%	0.02%	0.02%
VEL	A	0.05%	0.03%	0.03%
VITL	D	0.22%	0.06%	0.06%
VTSI	C	0.02%	0.01%	0.01%

IWC Overweight 1325 Positions Relative to JSMD

Symbol	Grade	Weight
CORZ	B	0.69%
HUT	C	0.5%
LBPH	A	0.47%
SOUN	B	0.46%
OSW	B	0.46%
SRRK	C	0.45%
VSEC	C	0.45%
MNKD	C	0.44%
MIRM	B	0.43%
AGX	B	0.42%
WULF	C	0.41%
TARS	C	0.4%
PRDO	B	0.39%
REVG	C	0.38%
NIC	B	0.37%
NRIX	C	0.36%
STEL	B	0.36%
OCUL	D	0.35%
TILE	B	0.35%
COCO	A	0.33%
GABC	B	0.32%
UMH	B	0.31%
VRDN	D	0.31%
TPC	C	0.3%
SCSC	C	0.3%
NTST	C	0.3%
WTTR	A	0.3%
PEBO	B	0.3%
PRAX	C	0.3%
ATEN	A	0.29%
BLBD	D	0.29%
IRON	B	0.29%
HROW	D	0.29%
DCOM	B	0.29%
CIFR	C	0.29%
DGII	C	0.28%
WINA	C	0.28%
MDXG	B	0.27%
FBMS	B	0.27%
TPB	B	0.26%
CAL	F	0.26%
CMCO	C	0.26%
AMSC	B	0.26%
AORT	B	0.26%
FBRT	D	0.26%
WVE	C	0.26%
NN	B	0.26%
CDNA	D	0.26%
ARLO	C	0.26%
BBSI	B	0.26%
QNST	B	0.26%
BXC	B	0.25%
BLND	A	0.25%
ICHR	C	0.25%
EFC	C	0.25%
OBK	C	0.25%
SXC	A	0.25%
ACHR	B	0.24%
FMBH	B	0.24%
COLL	F	0.24%
CNOB	B	0.24%
BZH	C	0.24%
PFC	B	0.24%
LEU	C	0.24%
AAOI	B	0.24%
THR	B	0.24%
INOD	B	0.24%
VVI	C	0.23%
ARR	D	0.23%
DX	B	0.23%
GDYN	B	0.23%
BHRB	B	0.23%
TRNS	D	0.23%
LMB	B	0.23%
UTL	B	0.23%
COMM	D	0.22%
SEZL	B	0.22%
UVSP	B	0.22%
VTOL	B	0.22%
PNTG	D	0.22%
HSII	B	0.22%
DCO	C	0.22%
BV	C	0.22%
CTBI	B	0.22%
HOV	D	0.21%
APLT	C	0.21%
WNC	C	0.21%
CDRE	F	0.21%
FIP	D	0.21%
APLD	B	0.21%
WGS	C	0.21%
DXPE	B	0.21%
ELVN	D	0.21%
ZYME	C	0.21%
KNSA	F	0.2%
CPF	B	0.2%
YEXT	B	0.2%
COGT	D	0.2%
ASPN	F	0.2%
HAFC	B	0.19%
IBCP	B	0.19%
CDMO	A	0.19%
IDT	B	0.19%
ASIX	B	0.19%
BLFS	C	0.19%
HSTM	B	0.19%
AVBP	C	0.19%
DJCO	B	0.19%
ROOT	B	0.19%
HAYN	A	0.19%
HCKT	B	0.19%
BELFB	C	0.19%
MBWM	B	0.19%
FCBC	C	0.19%
NBBK	B	0.19%
UTI	B	0.19%
IE	C	0.19%
GLDD	B	0.19%
HBNC	B	0.19%
CECO	B	0.19%
REX	D	0.18%
CGEM	F	0.18%
CSTL	D	0.18%
INDI	C	0.18%
MLR	C	0.18%
GNK	D	0.18%
BASE	B	0.18%
KOP	C	0.18%
EOLS	D	0.17%
GOOD	B	0.17%
EQBK	B	0.17%
BJRI	C	0.17%
NTGR	B	0.17%
CAC	C	0.17%
SPRY	C	0.17%
WSR	A	0.17%
GCI	D	0.17%
AMTB	B	0.17%
MCBS	B	0.16%
RBCAA	B	0.16%
OSPN	A	0.16%
SCVL	F	0.16%
HTBK	B	0.16%
ARIS	A	0.16%
WASH	C	0.16%
EU	D	0.16%
MAGN	D	0.16%
REPL	D	0.16%
AOSL	C	0.16%
ETD	C	0.16%
TRST	B	0.16%
ETNB	C	0.16%
ML	C	0.16%
GDEN	B	0.16%
SWBI	C	0.15%
CASS	C	0.15%
OFIX	C	0.15%
ADTN	A	0.15%
NAT	F	0.15%
SPTN	D	0.15%
HY	D	0.15%
PGC	B	0.15%
CBL	B	0.15%
MTUS	C	0.15%
DAVE	B	0.15%
CEVA	B	0.15%
MSBI	B	0.14%
EGY	D	0.14%
CRGX	F	0.14%
AROW	B	0.14%
CCO	C	0.14%
ORC	B	0.14%
AVXL	B	0.14%
MNMD	C	0.14%
LYTS	B	0.14%
IIIV	C	0.14%
TIPT	C	0.14%
PLOW	D	0.14%
DNTH	F	0.14%
FMNB	B	0.14%
WLFC	B	0.14%
IIIN	C	0.14%
AIOT	B	0.14%
HNST	A	0.14%
THFF	B	0.14%
CRMD	C	0.14%
LQDA	F	0.14%
CCNE	C	0.14%
SMBK	B	0.14%
NR	B	0.14%
ADPT	C	0.14%
ANNX	F	0.14%
TRML	D	0.14%
RYAM	C	0.14%
IMNM	F	0.13%
CTLP	B	0.13%
YORW	F	0.13%
NWPX	A	0.13%
WEAV	C	0.13%
MCS	B	0.13%
ORIC	F	0.13%
UHT	D	0.13%
WLDN	C	0.13%
GMRE	F	0.13%
SIBN	F	0.13%
NFBK	C	0.13%
ABUS	D	0.13%
UFCS	A	0.13%
CSV	B	0.13%
KRUS	B	0.13%
SRDX	B	0.13%
AMBC	C	0.13%
FPI	B	0.13%
BHB	C	0.13%
LQDT	B	0.13%
DAKT	C	0.13%
UVE	B	0.13%
AXGN	C	0.13%
ALT	C	0.13%
HIPO	A	0.13%
NVRI	D	0.13%
GSBC	C	0.13%
NRDS	C	0.13%
ACCO	C	0.13%
EBF	F	0.13%
DHC	F	0.13%
SHYF	C	0.12%
NCMI	C	0.12%
SEI	A	0.12%
MOFG	B	0.12%
LASR	D	0.12%
TTI	B	0.12%
ERAS	C	0.12%
ATRO	D	0.12%
KE	C	0.12%
MPB	B	0.12%
FARO	C	0.12%
NUVB	C	0.12%
CAPR	C	0.12%
PFIS	A	0.12%
FFIC	B	0.12%
FFWM	C	0.12%
UIS	C	0.12%
ALRS	D	0.12%
SHBI	B	0.12%
PAHC	C	0.12%
CLMB	B	0.12%
HONE	C	0.12%
AMRK	F	0.12%
MYE	F	0.11%
CTO	B	0.11%
CARE	C	0.11%
RVNC	F	0.11%
LMNR	B	0.11%
THRY	F	0.11%
CLDT	B	0.11%
NRIM	A	0.11%
FUBO	D	0.11%
AURA	D	0.11%
FDMT	F	0.11%
TRDA	C	0.11%
TREE	F	0.11%
HCAT	D	0.11%
AGS	A	0.11%
KELYA	F	0.11%
TK	D	0.11%
EVER	D	0.11%
DHIL	B	0.11%
CVGW	D	0.11%
KRNY	C	0.11%
SLP	D	0.11%
EYPT	D	0.11%
BAND	B	0.11%
OLP	B	0.11%
SPFI	C	0.11%
CCSI	C	0.11%
BBW	C	0.11%
NLOP	B	0.11%
RDUS	B	0.11%
LAB	F	0.11%
PKST	F	0.11%
LIND	C	0.11%
CVLG	B	0.11%
REPX	A	0.1%
REAL	B	0.1%
WTBA	B	0.1%
LXFR	C	0.1%
ZEUS	C	0.1%
FBIZ	B	0.1%
NPK	B	0.1%
ACNB	B	0.1%
ESPR	B	0.1%
IVR	F	0.1%
WRLD	C	0.1%
LAND	F	0.1%
LINC	C	0.1%
GLRE	B	0.1%
EBS	C	0.1%
RBB	B	0.1%
CLW	F	0.1%
FISI	B	0.1%
XERS	C	0.1%
BSRR	B	0.1%
QTRX	F	0.1%
FC	F	0.1%
MITK	C	0.1%
GHM	A	0.1%
YMAB	F	0.1%
KIND	B	0.1%
PGY	F	0.1%
LENZ	C	0.1%
DMRC	B	0.1%
FMAO	B	0.1%
IRMD	C	0.1%
RIGL	B	0.1%
FRPH	B	0.1%
BMRC	B	0.1%
ATXS	F	0.1%
RICK	B	0.1%
URGN	F	0.1%
BVS	D	0.1%
HUMA	F	0.1%
STOK	F	0.1%
HIFS	C	0.1%
TRUE	C	0.09%
LGTY	C	0.09%
LWLG	D	0.09%
TBPH	B	0.09%
HBCP	C	0.09%
MAX	F	0.09%
LUNR	B	0.09%
TSHA	C	0.09%
CNSL	C	0.09%
TERN	F	0.09%
NGNE	F	0.09%
RBBN	C	0.09%
OABI	F	0.09%
ALNT	C	0.09%
MXCT	D	0.09%
EGHT	B	0.09%
NVEC	B	0.09%
HYLN	A	0.09%
ZIMV	D	0.09%
ZVRA	A	0.09%
XPER	D	0.09%
BOC	C	0.09%
MTW	C	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%
EBTC	C	0.09%
AKBA	C	0.09%
TALK	B	0.09%
KIDS	D	0.09%
ANAB	F	0.09%
OMER	A	0.09%
SD	D	0.09%
ITIC	A	0.09%
USAP	B	0.09%
CWCO	C	0.09%
NGVC	A	0.08%
SPOK	B	0.08%
CERS	D	0.08%
FNLC	C	0.08%
JMSB	C	0.08%
TYRA	F	0.08%
FSBW	C	0.08%
CZFS	B	0.08%
FRBA	D	0.08%
HBT	B	0.08%
ACIC	B	0.08%
LOCO	D	0.08%
BYRN	B	0.08%
METC	C	0.08%
SENEA	A	0.08%
GCO	C	0.08%
OIS	B	0.08%
GLUE	C	0.08%
HNRG	B	0.08%
NEWT	C	0.08%
HVT	D	0.08%
INBK	B	0.08%
BRY	F	0.08%
FNKO	D	0.08%
SFIX	B	0.08%
ALEC	F	0.08%
TECX	B	0.08%
AQST	D	0.08%
MTRX	B	0.08%
OOMA	B	0.08%
MLYS	F	0.08%
DENN	D	0.08%
SFST	B	0.08%
SLQT	C	0.08%
ULH	C	0.08%
CDXC	B	0.08%
TRC	F	0.08%
EVLV	F	0.08%
VERV	F	0.08%
CELC	F	0.08%
SLRN	F	0.08%
ATEX	F	0.08%
SVRA	F	0.08%
CRVS	B	0.08%
TWI	F	0.08%
CWBC	B	0.08%
MCFT	C	0.08%
ZUMZ	B	0.08%
SNBR	F	0.07%
NGS	B	0.07%
MBI	B	0.07%
RCAT	B	0.07%
HRTG	C	0.07%
CDXS	B	0.07%
RRBI	A	0.07%
RGP	F	0.07%
PKE	B	0.07%
PKOH	C	0.07%
KODK	B	0.07%
SMRT	F	0.07%
ORGO	B	0.07%
OSUR	F	0.07%
PBPB	C	0.07%
SIGA	F	0.07%
CBAN	B	0.07%
LRMR	D	0.07%
DOMO	B	0.07%
VLGEA	C	0.07%
CLPT	D	0.07%
BCML	B	0.07%
GNTY	A	0.07%
PACK	B	0.07%
VNDA	C	0.07%
APEI	B	0.07%
AVAH	B	0.07%
KRRO	D	0.07%
LEGH	D	0.07%
COFS	A	0.07%
MOV	D	0.07%
IPI	C	0.07%
BWB	B	0.07%
AMLX	C	0.07%
FLIC	B	0.07%
PHAT	F	0.07%
VMD	C	0.07%
PLSE	C	0.07%
RCEL	B	0.07%
SPIR	B	0.07%
CZNC	C	0.07%
NVTS	F	0.06%
ELMD	B	0.06%
REI	D	0.06%
CFFI	A	0.06%
CIA	B	0.06%
NWFL	C	0.06%
ABSI	F	0.06%
ANIK	D	0.06%
PCB	B	0.06%
IHRT	C	0.06%
ABEO	D	0.06%
UTMD	F	0.06%
JSPR	C	0.06%
SWIM	C	0.06%
EVBN	B	0.06%
RDW	A	0.06%
BLFY	B	0.06%
WEYS	C	0.06%
ORN	B	0.06%
ILPT	F	0.06%
RNGR	A	0.06%
PRCH	B	0.06%
CRMT	D	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%
FSTR	B	0.06%
OCGN	F	0.06%
THRD	F	0.06%
XOMA	C	0.06%
ONEW	F	0.06%
DGICA	A	0.06%
PKBK	A	0.06%
TSBK	A	0.06%
FRST	B	0.06%
PDLB	B	0.06%
CPS	C	0.06%
RM	C	0.06%
BOW	B	0.06%
AVIR	F	0.06%
RLGT	B	0.06%
BLZE	F	0.06%
WSBF	C	0.06%
MRSN	D	0.06%
MGTX	C	0.06%
DSP	A	0.06%
CCCC	F	0.06%
MVBF	C	0.06%
ACCD	D	0.06%
TRAK	B	0.06%
HEAR	D	0.06%
MAMA	A	0.06%
AMPY	C	0.06%
ANGO	C	0.06%
IMMR	C	0.06%
FDBC	C	0.06%
VYGR	F	0.06%
FLXS	B	0.06%
WOW	C	0.06%
VPG	F	0.06%
TNGX	F	0.05%
TTSH	F	0.05%
BLDE	C	0.05%
CVRX	C	0.05%
NXDT	F	0.05%
DSGN	C	0.05%
BSVN	B	0.05%
ONTF	C	0.05%
NKSH	C	0.05%
FULC	F	0.05%
TG	D	0.05%
GRPN	F	0.05%
MG	D	0.05%
LSEA	D	0.05%
PSTX	D	0.05%
HOFT	B	0.05%
FORR	C	0.05%
PESI	B	0.05%
CIO	D	0.05%
BPRN	C	0.05%
CTGO	D	0.05%
DCTH	C	0.05%
ONIT	B	0.05%
NKTR	F	0.05%
RAPP	D	0.05%
ADCT	F	0.05%
LFMD	D	0.05%
ENTA	F	0.05%
OB	B	0.05%
KLTR	B	0.05%
MITT	D	0.05%
ETON	B	0.05%
WTI	F	0.05%
BARK	C	0.05%
VABK	B	0.05%
RGTI	B	0.05%
RMAX	C	0.05%
QTTB	F	0.05%
OPBK	B	0.05%
MED	D	0.05%
FLWS	D	0.05%
PANL	F	0.05%
FHTX	C	0.05%
ATYR	C	0.05%
BCBP	B	0.05%
ASLE	C	0.05%
GNE	F	0.05%
PYXS	D	0.05%
ATNI	F	0.05%
ASUR	C	0.05%
TBRG	B	0.05%
TBI	F	0.05%
FUNC	B	0.05%
ALDX	D	0.05%
NATR	C	0.05%
SGC	C	0.05%
PLL	C	0.05%
HMST	F	0.05%
MEC	F	0.05%
AIP	B	0.05%
ONL	C	0.05%
BRT	A	0.05%
SKYT	D	0.05%
JAKK	C	0.05%
LCNB	B	0.05%
LE	D	0.05%
PWOD	A	0.05%
MBCN	C	0.05%
ISTR	B	0.05%
QUAD	C	0.05%
PFMT	F	0.05%
MGNX	F	0.05%
GENC	C	0.05%
PINE	C	0.05%
ITOS	F	0.05%
INSE	C	0.05%
BHR	C	0.05%
FVCB	B	0.05%
ACRS	B	0.04%
QBTS	B	0.04%
ESCA	B	0.04%
PAL	F	0.04%
IGMS	F	0.04%
LFCR	B	0.04%
STRS	B	0.04%
LAKE	B	0.04%
MHLD	D	0.04%
GWRS	B	0.04%
DC	D	0.04%
PRTH	B	0.04%
ACHV	F	0.04%
ALTI	C	0.04%
JRVR	F	0.04%
BLNK	F	0.04%
STHO	F	0.04%
FLL	C	0.04%
MDV	D	0.04%
NRGV	C	0.04%
STRT	B	0.04%
GPRO	F	0.04%
MYPS	C	0.04%
BTMD	B	0.04%
RAIL	D	0.04%
DXLG	D	0.04%
CZWI	A	0.04%
AVD	C	0.04%
SMHI	F	0.04%
BH	B	0.04%
NEOV	B	0.04%
ELDN	C	0.04%
RCKY	F	0.04%
VSTM	D	0.04%
AFCG	D	0.04%
FFNW	C	0.04%
BVFL	A	0.04%
ESOA	B	0.04%
LXEO	F	0.04%
SLDP	F	0.04%
BOOM	F	0.04%
LOGC	B	0.04%
JOUT	F	0.04%
EVC	C	0.04%
AVNW	F	0.04%
ATLO	C	0.04%
GEOS	B	0.04%
INBX	F	0.04%
LNKB	B	0.04%
LAW	F	0.04%
FSFG	A	0.04%
TRVI	F	0.04%
ATOS	F	0.04%
INZY	F	0.04%
ARAY	C	0.04%
RXT	C	0.04%
BELFA	D	0.04%
NVRO	F	0.04%
GPMT	C	0.04%
CRBU	D	0.04%
VIRC	B	0.04%
EXFY	A	0.04%
ACTG	D	0.04%
WNEB	A	0.04%
HWBK	B	0.04%
MYFW	B	0.04%
SEVN	C	0.04%
HBB	F	0.04%
CHMG	B	0.04%
SERA	F	0.04%
ARQ	B	0.04%
RSVR	B	0.04%
IBEX	B	0.04%
RELL	B	0.04%
INFU	B	0.04%
TSVT	F	0.04%
CRBP	F	0.04%
BBAI	C	0.04%
TCRX	F	0.04%
PVBC	B	0.04%
NNBR	C	0.04%
SAMG	B	0.04%
GNSS	C	0.04%
MLP	B	0.04%
LYEL	F	0.04%
CRD.B	D	0.04%
RGCO	B	0.04%
CTV	A	0.04%
FSP	B	0.04%
BRBS	B	0.04%
FET	F	0.04%
IRBT	F	0.04%
MFIN	B	0.04%
FCCO	B	0.04%
SRI	F	0.04%
EPM	A	0.04%
ALCO	D	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	C	0.03%
LARK	A	0.03%
PGEN	F	0.03%
WMPN	B	0.03%
CFBK	B	0.03%
BDTX	F	0.03%
OPRT	C	0.03%
SRBK	B	0.03%
LWAY	C	0.03%
TAYD	D	0.03%
OVBC	A	0.03%
SSP	F	0.03%
TNYA	D	0.03%
CTRN	F	0.03%
BW	D	0.03%
ISSC	B	0.03%
POWW	F	0.03%
CCRD	B	0.03%
KINS	B	0.03%
PPIH	B	0.03%
FCAP	D	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%
SSTI	C	0.03%
LXRX	F	0.03%
ACR	A	0.03%
MRAM	D	0.03%
SRTS	B	0.03%
AOUT	B	0.03%
AOMR	F	0.03%
CNTY	B	0.03%
CKPT	B	0.03%
ALMS	F	0.03%
QRHC	D	0.03%
ARC	A	0.03%
HNVR	B	0.03%
SAVE	F	0.03%
KRMD	B	0.03%
III	C	0.03%
UEIC	B	0.03%
INSG	D	0.03%
ZYXI	D	0.03%
AJX	F	0.03%
ECBK	B	0.03%
BSET	C	0.03%
BFIN	B	0.03%
JYNT	C	0.03%
TSE	F	0.03%
CMT	C	0.03%
EPSN	B	0.03%
NPCE	C	0.03%
EBMT	B	0.03%
LNZA	F	0.03%
OPFI	B	0.03%
TZOO	A	0.03%
IDR	D	0.03%
SBFG	B	0.03%
ISPR	F	0.03%
RNAC	F	0.03%
UNB	A	0.03%
NODK	A	0.03%
MPTI	A	0.03%
APPS	F	0.03%
NC	B	0.03%
SGMT	D	0.03%
LCTX	F	0.03%
FXNC	C	0.03%
CRNC	C	0.03%
HLLY	F	0.03%
TWIN	F	0.03%
PEBK	B	0.03%
TCX	D	0.03%
MYO	C	0.03%
RMBI	A	0.03%
FNWD	C	0.03%
HURC	B	0.03%
FTK	B	0.03%
PHX	A	0.03%
RCMT	C	0.03%
TSQ	D	0.03%
BBCP	D	0.03%
PMTS	B	0.03%
WHG	B	0.03%
SPCE	D	0.03%
VRA	C	0.03%
EARN	C	0.03%
SGHT	F	0.03%
BCOV	B	0.03%
MRBK	A	0.03%
FF	F	0.03%
NREF	A	0.03%
PBFS	A	0.03%
CABA	F	0.03%
ATOM	B	0.03%
UBFO	A	0.03%
EHTH	C	0.03%
XBIT	F	0.03%
HFFG	C	0.03%
PSNL	D	0.03%
CLAR	D	0.03%
CBFV	A	0.03%
NKTX	F	0.03%
CDLX	D	0.03%
SEER	B	0.03%
SMTI	B	0.03%
MPAA	B	0.03%
AMTX	C	0.03%
OBIO	C	0.03%
PNRG	A	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	C	0.03%
ADVM	F	0.03%
HRTX	F	0.03%
SNFCA	A	0.03%
EML	D	0.03%
BEEM	F	0.02%
BLUE	F	0.02%
CDTX	B	0.02%
FUSB	A	0.02%
ACET	F	0.02%
SDIG	C	0.02%
TLYS	F	0.02%
STKS	F	0.02%
BGSF	F	0.02%
OVID	F	0.02%
GNLX	F	0.02%
AKYA	F	0.02%
UPLD	C	0.02%
CLPR	D	0.02%
GAIA	A	0.02%
CXDO	C	0.02%
SND	C	0.02%
STRW	C	0.02%
PEPG	F	0.02%
ASYS	D	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%
NL	B	0.02%
PLCE	C	0.02%
SCWO	F	0.02%
DLHC	F	0.02%
NRDY	C	0.02%
DHX	F	0.02%
ACNT	B	0.02%
CLSD	F	0.02%
VTGN	F	0.02%
LCUT	F	0.02%
CTMX	F	0.02%
PMVP	C	0.02%
OPOF	B	0.02%
EEX	C	0.02%
FBLG	F	0.02%
RMTI	F	0.02%
RSSS	B	0.02%
RLMD	F	0.02%
TDUP	C	0.02%
KYTX	F	0.02%
FGBI	A	0.02%
CMTL	F	0.02%
ULBI	F	0.02%
CBUS	D	0.02%
QSI	C	0.02%
WW	F	0.02%
CADL	F	0.02%
SNDA	D	0.02%
VOXX	C	0.02%
AXTI	F	0.02%
GBIO	F	0.02%
SLS	D	0.02%
MGYR	A	0.02%
TUSK	F	0.02%
SNCR	F	0.02%
VERU	F	0.02%
KLXE	C	0.02%
GLSI	F	0.02%
TBNK	C	0.02%
HQI	B	0.02%
LFT	C	0.02%
GAN	A	0.02%
RRGB	D	0.02%
VERI	F	0.02%
SKYX	D	0.02%
UFI	D	0.02%
CHMI	F	0.02%
SKLZ	D	0.02%
OTLK	D	0.02%
PROV	A	0.02%
ORMP	D	0.02%
LPTX	F	0.02%
FNWB	C	0.02%
INVE	C	0.02%
KVHI	B	0.02%
COYA	F	0.02%
SERV	F	0.02%
AXR	B	0.02%
SPWH	F	0.02%
SUNS	B	0.02%
ACRV	F	0.02%
CHRS	D	0.02%
CVGI	F	0.02%
AEVA	C	0.02%
SKYE	D	0.02%
FEIM	B	0.02%
EP	C	0.02%
MPX	C	0.02%
MNTX	B	0.02%
AIRG	C	0.02%
MAPS	B	0.02%
AIRS	C	0.02%
MNOV	B	0.02%
HBIO	F	0.02%
NNE	B	0.02%
CSPI	C	0.02%
LTRX	F	0.02%
RMBL	B	0.02%
CPSS	C	0.02%
ALOT	C	0.02%
INTT	C	0.02%
RGLS	F	0.02%
GIFI	B	0.02%
PDEX	C	0.02%
LEE	C	0.02%
ALLK	D	0.02%
KOPN	C	0.02%
LTBR	C	0.02%
PFIE	A	0.02%
TTEC	F	0.02%
FONR	D	0.02%
KPTI	D	0.02%
IMUX	F	0.02%
AE	A	0.02%
KEQU	B	0.02%
SFBC	B	0.02%
FRGE	F	0.02%
EVI	F	0.02%
ANRO	F	0.02%
DMAC	C	0.02%
PETS	C	0.02%
ANIX	F	0.02%
CTNM	F	0.02%
GRWG	D	0.02%
SCPH	F	0.02%
AFBI	C	0.02%
CATO	D	0.02%
ACU	C	0.02%
QUIK	F	0.02%
TPIC	F	0.02%
BKTI	B	0.02%
TIL	D	0.02%
DIBS	F	0.02%
ALTO	F	0.02%
ABOS	F	0.02%
RMNI	C	0.02%
RVSB	B	0.02%
CRDF	F	0.02%
NTIC	B	0.02%
COOK	D	0.02%
PBYI	C	0.02%
SBT	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	F	0.01%
SURG	D	0.01%
OMGA	F	0.01%
CALC	F	0.01%
ARL	D	0.01%
MGLD	C	0.01%
NTIP	D	0.01%
FGF	B	0.01%
ATHA	D	0.01%
ORKA	F	0.01%
MRKR	D	0.01%
FTEK	B	0.01%
GRYP	D	0.01%
JRSH	B	0.01%
ARMP	D	0.01%
XAIR	C	0.01%
SGRP	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	D	0.01%
PNST	D	0.01%
FTHM	F	0.01%
CELU	D	0.01%
LSBK	A	0.01%
LVLU	F	0.01%
BTM	C	0.01%
VTVT	C	0.01%
IRIX	C	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	C	0.01%
RFL	C	0.01%
MDBH	C	0.01%
FLUX	F	0.01%
CHCI	D	0.01%
GEG	D	0.01%
TPCS	F	0.01%
CPTN	C	0.01%
FAT	C	0.01%
VANI	C	0.01%
FARM	C	0.01%
ELEV	D	0.01%
INTS	F	0.01%
STCN	F	0.01%
ISDR	F	0.01%
BYFC	C	0.01%
OWLT	C	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%
BWEN	F	0.01%
BAER	D	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	C	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	D	0.01%
CENN	F	0.01%
HSON	D	0.01%
OKUR	F	0.01%
TCI	D	0.01%
TCBS	C	0.01%
NVNO	F	0.01%
AVTE	D	0.01%
UHG	C	0.01%
SOTK	B	0.01%
AADI	C	0.01%
GROV	D	0.01%
TACT	F	0.01%
PHUN	F	0.01%
APYX	C	0.01%
SES	F	0.01%
MGRM	F	0.01%
CVU	C	0.01%
BGFV	F	0.01%
KRON	D	0.01%
RFIL	B	0.01%
AHT	C	0.01%
RBKB	A	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	D	0.01%
MCHX	D	0.01%
TISI	D	0.01%
FSEA	C	0.01%
TVGN	D	0.01%
DERM	D	0.01%
CODA	B	0.01%
PDYN	D	0.01%
DTI	D	0.01%
ELTX	D	0.01%
HHS	F	0.01%
ICAD	D	0.01%
WRAP	F	0.01%
OM	D	0.01%
FKWL	C	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%
OPHC	C	0.01%
CURI	D	0.01%
OSS	C	0.01%
MOND	F	0.01%
CRWS	D	0.01%
ABAT	F	0.01%
TARA	D	0.01%
SVCO	F	0.01%
ALXO	F	0.01%
ESP	C	0.01%
ENZ	F	0.01%
ASRV	B	0.01%
PPSI	C	0.01%
CCEL	C	0.01%
ATNM	F	0.01%
NVCT	F	0.01%
NHTC	F	0.01%
IKNA	B	0.01%
ICCH	A	0.01%
PRPL	F	0.01%
BEAT	B	0.01%
BHM	F	0.01%
FTLF	C	0.01%
CLST	C	0.01%
SGA	D	0.01%
TELA	D	0.01%
PXLW	D	0.01%
NOTE	F	0.01%
CIX	D	0.01%
VBFC	A	0.01%
STTK	F	0.01%
GSIT	F	0.01%
BAFN	C	0.01%
DTIL	F	0.01%
IZEA	B	0.01%
IPWR	F	0.01%
GMGI	C	0.01%
HYMC	F	0.01%
LOAN	D	0.01%
SUP	F	0.01%
AUBN	B	0.01%
BCOW	B	0.01%
DLTH	D	0.01%
IROQ	B	0.01%
MPU	C	0.01%
NSTS	B	0.01%
HNNA	B	0.01%
CURV	D	0.01%
LUNA	F	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	D	0.01%
LPTH	C	0.01%
SWKH	F	0.01%
PRTS	C	0.01%
ASMB	D	0.01%
ECOR	C	0.01%
MASS	F	0.01%
ANVS	F	0.01%
GALT	C	0.01%
METCB	F	0.01%
AGEN	F	0.01%
MURA	D	0.01%
BOTJ	B	0.01%
CULP	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%
KTCC	C	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	C	0.0%
SOC	B	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	D	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	F	0.0%
PODC	B	0.0%
GORV	F	0.0%
DHAI	F	0.0%
CETY	F	0.0%
NSYS	D	0.0%
LIVE	F	0.0%
AKA	D	0.0%
EQ	F	0.0%
AIRE	F	0.0%
QXO	D	0.0%
RDZN	F	0.0%
PALT	F	0.0%
SVT	D	0.0%
CMLS	F	0.0%
MGX	F	0.0%
UONEK	F	0.0%
AXIL	F	0.0%
PRPH	F	0.0%
VGAS	B	0.0%
COCH	F	0.0%
CYTH	F	0.0%
UNCY	C	0.0%
SLNG	C	0.0%
NEUE	F	0.0%
PRLD	F	0.0%
MDAI	D	0.0%
TLF	D	0.0%
CGTX	F	0.0%
CMBM	F	0.0%
AEON	F	0.0%
PTN	F	0.0%
DTST	C	0.0%
CVV	F	0.0%
MAYS	F	0.0%
BRID	D	0.0%
USEG	B	0.0%
TPST	F	0.0%
ANTX	D	0.0%
VRCA	F	0.0%
VIVK	D	0.0%
KPLT	F	0.0%
BCG	D	0.0%
AERT	F	0.0%
CXAI	F	0.0%
MSAI	F	0.0%
MRNS	F	0.0%
AIRT	C	0.0%
LGL	B	0.0%
SYPR	D	0.0%
BOLT	F	0.0%
GCTS	F	0.0%
TELO	F	0.0%
NCSM	B	0.0%
GAME	D	0.0%
AWRE	F	0.0%
CFSB	F	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	D	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 176 Positions Relative to JSMD

Symbol	Grade	Weight
APP	B	-8.8%
INCY	C	-2.86%
HEI	A	-2.73%
NBIX	C	-2.32%
ROL	B	-2.03%
BSY	F	-1.98%
CRL	D	-1.89%
MEDP	D	-1.88%
ENSG	C	-1.6%
BRKR	D	-1.52%
DOX	D	-1.4%
FIX	A	-1.34%
EXP	B	-1.24%
FN	C	-1.24%
DOCS	C	-1.21%
CRVL	B	-1.15%
RGLD	C	-1.13%
HALO	F	-1.13%
CORT	B	-1.06%
PAYC	B	-1.06%
GPK	C	-1.04%
LNTH	D	-1.04%
IBKR	A	-1.03%
LSCC	D	-0.99%
ERIE	D	-0.98%
DBX	B	-0.97%
SPSC	D	-0.96%
NYT	D	-0.94%
BMI	B	-0.93%
TTEK	F	-0.93%
PCTY	C	-0.92%
AAON	B	-0.91%
WMS	F	-0.86%
AIT	B	-0.86%
MLI	B	-0.85%
CMC	B	-0.84%
WCC	B	-0.84%
QLYS	B	-0.78%
CASY	A	-0.73%
OPCH	D	-0.73%
SFM	A	-0.7%
BOX	B	-0.7%
CNM	D	-0.69%
SSD	F	-0.64%
SANM	B	-0.62%
EXLS	B	-0.61%
PLXS	B	-0.61%
AGCO	D	-0.59%
FCN	F	-0.59%
BJ	A	-0.57%
KNSL	B	-0.57%
MTDR	B	-0.56%
WSC	F	-0.54%
CSWI	B	-0.53%
SITE	F	-0.53%
HRI	C	-0.52%
WAL	B	-0.52%
DOCN	C	-0.5%
WTS	B	-0.49%
USLM	A	-0.49%
DV	C	-0.48%
CPRX	C	-0.48%
STRL	A	-0.47%
BRBR	A	-0.46%
COKE	C	-0.46%
RYAN	A	-0.45%
TOL	B	-0.45%
UFPT	C	-0.44%
ALRM	C	-0.43%
IESC	C	-0.43%
RLI	A	-0.42%
ADUS	D	-0.42%
AMPH	F	-0.42%
FELE	B	-0.41%
ZI	D	-0.41%
HLNE	B	-0.41%
KAI	B	-0.39%
RUSHA	C	-0.39%
TNET	F	-0.38%
OSIS	A	-0.37%
HRMY	F	-0.37%
WTRG	B	-0.36%
ACLS	F	-0.35%
PRIM	A	-0.35%
GMS	B	-0.33%
DKS	F	-0.33%
ELF	C	-0.33%
DAR	C	-0.33%
SIGI	C	-0.32%
HWKN	B	-0.32%
FND	D	-0.32%
CBZ	B	-0.32%
PLUS	F	-0.31%
PAG	B	-0.31%
MUSA	B	-0.31%
EVCM	B	-0.3%
BLD	D	-0.3%
LAD	A	-0.29%
TGLS	B	-0.29%
CELH	F	-0.29%
SLM	A	-0.28%
KNTK	A	-0.27%
WS	B	-0.27%
ATKR	D	-0.27%
WING	D	-0.27%
STAA	F	-0.26%
ESGR	B	-0.26%
REXR	F	-0.25%
AX	B	-0.24%
MGRC	B	-0.24%
PGNY	F	-0.24%
IBOC	B	-0.23%
CZR	F	-0.23%
VCTR	B	-0.22%
PLAB	C	-0.22%
PAYO	A	-0.21%
CNXC	F	-0.21%
IPAR	B	-0.2%
PJT	A	-0.2%
ALG	B	-0.2%
MYRG	B	-0.2%
MTH	D	-0.19%
NSSC	D	-0.19%
IAS	C	-0.18%
ETSY	D	-0.17%
HASI	D	-0.17%
CROX	D	-0.17%
AESI	B	-0.17%
NMIH	C	-0.16%
EPRT	B	-0.16%
GPI	B	-0.16%
TRNO	F	-0.16%
IBP	D	-0.16%
ABG	C	-0.15%
GSHD	A	-0.15%
ACMR	D	-0.15%
NFE	D	-0.14%
FIVE	F	-0.14%
ENVA	B	-0.14%
TBBK	C	-0.14%
PLMR	A	-0.14%
ABR	C	-0.14%
LRN	A	-0.13%
OTTR	C	-0.12%
SSTK	F	-0.12%
BOOT	C	-0.12%
MHO	D	-0.12%
GOLF	B	-0.12%
AWR	B	-0.11%
MBIN	F	-0.1%
NBHC	C	-0.1%
ASO	F	-0.1%
CASH	B	-0.1%
SKWD	A	-0.1%
LPG	F	-0.09%
ARRY	F	-0.09%
GRBK	D	-0.09%
NSA	C	-0.09%
CUBI	B	-0.09%
YETI	D	-0.09%
NAPA	A	-0.08%
IIPR	D	-0.08%
WABC	B	-0.08%
GSL	F	-0.07%
ANET	C	-0.06%
RC	D	-0.06%
SHLS	F	-0.06%
HGTY	B	-0.05%
MGPI	F	-0.05%
XPEL	B	-0.04%
ASC	F	-0.04%
PAY	A	-0.04%
TH	C	-0.03%
DFH	D	-0.03%
BOWL	C	-0.03%
ARHS	F	-0.01%