IWN vs. FNDA ETF Comparison

Comparison of iShares Russell 2000 Value ETF (IWN) to Schwab Fundamental U.S. Small Company Index ETF (FNDA)

IWN

iShares Russell 2000 Value ETF

IWN Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics. 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 2000 Value Index (the "underlying index"), which measures the performance of the small-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$170.49

Average Daily Volume

1,267,847

Number of Holdings ^*

1381

* may have additional holdings in another (foreign) market

FNDA

Schwab Fundamental U.S. Small Company Index ETF

FNDA Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$60.01

Average Daily Volume

274,687

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

Performance

Period	IWN	FNDA
30 Days	2.41%	2.18%
60 Days	1.55%	1.67%
90 Days	11.84%	8.44%
12 Months	22.44%	20.65%

549 Overlapping Holdings

	Symbol	Grade	Weight in IWN	Weight in FNDA	Overlap
	AAN	C	0.02%	0.06%	0.02%
	AAT	B	0.1%	0.07%	0.07%
	ABCB	B	0.31%	0.12%	0.12%
	ABR	B	0.19%	0.09%	0.09%
	ACA	C	0.34%	0.17%	0.17%
	ACCO	C	0.04%	0.07%	0.04%
	ADTN	F	0.03%	0.17%	0.03%
	ADUS	B	0.09%	0.06%	0.06%
	AEO	D	0.06%	0.05%	0.05%
	AGM	D	0.02%	0.02%	0.02%
	AHCO	B	0.05%	0.04%	0.04%
	AIN	D	0.15%	0.1%	0.1%
	AIR	C	0.14%	0.12%	0.12%
	AKR	C	0.18%	0.09%	0.09%
	ALE	A	0.29%	0.18%	0.18%
	ALEX	B	0.11%	0.1%	0.1%
	ALGT	F	0.05%	0.02%	0.02%
	ALIT	D	0.26%	0.05%	0.05%
	AMBC	F	0.04%	0.02%	0.02%
	AMC	D	0.11%	0.03%	0.03%
	AMCX	F	0.02%	0.08%	0.02%
	AMRC	C	0.06%	0.01%	0.01%
	AMRK	C	0.06%	0.13%	0.06%
	AMSF	C	0.04%	0.01%	0.01%
	AMWD	C	0.1%	0.13%	0.1%
	ANDE	D	0.11%	0.06%	0.06%
	AOSL	D	0.07%	0.01%	0.01%
	APLE	D	0.25%	0.16%	0.16%
	APOG	B	0.07%	0.12%	0.07%
	ARI	F	0.11%	0.09%	0.09%
	ARKO	C	0.04%	0.02%	0.02%
	ASB	D	0.25%	0.18%	0.18%
	ASIX	C	0.05%	0.05%	0.05%
	ASTE	F	0.05%	0.05%	0.05%
	ATGE	D	0.18%	0.19%	0.18%
	ATNI	C	0.02%	0.02%	0.02%
	ATSG	D	0.06%	0.07%	0.06%
	AUB	C	0.25%	0.05%	0.05%
	AVA	B	0.23%	0.17%	0.17%
	AVD	F	0.01%	0.01%	0.01%
	AVNS	B	0.08%	0.04%	0.04%
	AVNT	B	0.33%	0.22%	0.22%
	AVO	A	0.04%	0.03%	0.03%
	AWR	B	0.1%	0.06%	0.06%
	AX	D	0.24%	0.1%	0.1%
	AXL	F	0.05%	0.08%	0.05%
	AZZ	C	0.03%	0.11%	0.03%
	B	D	0.14%	0.13%	0.13%
	BANF	B	0.14%	0.03%	0.03%
	BANR	B	0.15%	0.11%	0.11%
	BBSI	B	0.01%	0.04%	0.01%
	BDC	B	0.15%	0.15%	0.15%
	BDN	B	0.07%	0.11%	0.07%
	BGC	B	0.22%	0.13%	0.13%
	BGS	D	0.05%	0.08%	0.05%
	BHE	C	0.12%	0.22%	0.12%
	BHLB	C	0.08%	0.01%	0.01%
	BJRI	D	0.02%	0.03%	0.02%
	BKD	D	0.01%	0.09%	0.01%
	BKH	B	0.32%	0.24%	0.24%
	BKU	C	0.2%	0.28%	0.2%
	BLMN	F	0.05%	0.07%	0.05%
	BMBL	F	0.04%	0.01%	0.01%
	BNL	B	0.27%	0.06%	0.06%
	BOH	C	0.19%	0.13%	0.13%
	BRKL	C	0.07%	0.03%	0.03%
	BRSP	D	0.06%	0.03%	0.03%
	BRY	F	0.02%	0.03%	0.02%
	BUSE	C	0.11%	0.06%	0.06%
	BV	B	0.05%	0.08%	0.05%
	BXC	D	0.07%	0.06%	0.06%
	BXMT	C	0.26%	0.14%	0.14%
	BZH	B	0.08%	0.06%	0.06%
	CABO	F	0.15%	0.1%	0.1%
	CADE	B	0.41%	0.19%	0.19%
	CAL	F	0.06%	0.08%	0.06%
	CALM	B	0.21%	0.16%	0.16%
	CALX	D	0.04%	0.02%	0.02%
	CARS	D	0.09%	0.03%	0.03%
	CASH	B	0.09%	0.06%	0.06%
	CATY	B	0.21%	0.15%	0.15%
	CBL	D	0.02%	0.05%	0.02%
	CBRL	D	0.05%	0.09%	0.05%
	CBU	C	0.23%	0.1%	0.1%
	CCO	C	0.04%	0.08%	0.04%
	CCRN	F	0.04%	0.02%	0.02%
	CCS	B	0.2%	0.22%	0.2%
	CCSI	C	0.03%	0.02%	0.02%
	CDE	C	0.22%	0.09%	0.09%
	CEIX	D	0.22%	0.13%	0.13%
	CENT	D	0.02%	0.0%	0.0%
	CENTA	D	0.11%	0.09%	0.09%
	CFFN	C	0.06%	0.04%	0.04%
	CHCO	B	0.12%	0.05%	0.05%
	CHGG	F	0.01%	0.0%	0.0%
	CLDT	D	0.03%	0.02%	0.02%
	CLW	F	0.04%	0.04%	0.04%
	CMCO	F	0.07%	0.04%	0.04%
	CMP	D	0.03%	0.02%	0.02%
	CMPR	F	0.04%	0.06%	0.04%
	CMTG	F	0.05%	0.02%	0.02%
	CNDT	C	0.05%	0.07%	0.05%
	CNK	B	0.05%	0.16%	0.05%
	CNNE	D	0.09%	0.04%	0.04%
	CNOB	B	0.07%	0.03%	0.03%
	CNSL	A	0.03%	0.06%	0.03%
	CNX	A	0.31%	0.07%	0.07%
	CNXN	B	0.07%	0.09%	0.07%
	CODI	D	0.11%	0.07%	0.07%
	COHU	F	0.09%	0.04%	0.04%
	COMM	B	0.09%	0.19%	0.09%
	COOP	B	0.3%	0.22%	0.22%
	CPF	B	0.05%	0.04%	0.04%
	CPK	B	0.21%	0.07%	0.07%
	CPS	F	0.02%	0.05%	0.02%
	CRC	C	0.26%	0.16%	0.16%
	CRGY	D	0.09%	0.03%	0.03%
	CRK	D	0.07%	0.05%	0.05%
	CRMT	F	0.02%	0.01%	0.01%
	CRNC	F	0.01%	0.0%	0.0%
	CSR	B	0.09%	0.03%	0.03%
	CSV	B	0.01%	0.03%	0.01%
	CTRE	B	0.3%	0.02%	0.02%
	CTRN	D	0.01%	0.02%	0.01%
	CTS	D	0.02%	0.05%	0.02%
	CUBI	F	0.11%	0.06%	0.06%
	CVBF	C	0.18%	0.09%	0.09%
	CVGW	C	0.03%	0.05%	0.03%
	CVI	F	0.01%	0.06%	0.01%
	CVLT	B	0.04%	0.15%	0.04%
	CWK	B	0.14%	0.21%	0.14%
	CWT	C	0.18%	0.08%	0.08%
	CXW	F	0.11%	0.19%	0.11%
	DBI	F	0.02%	0.03%	0.02%
	DBRG	D	0.13%	0.21%	0.13%
	DCO	B	0.07%	0.04%	0.04%
	DEA	B	0.1%	0.06%	0.06%
	DEI	B	0.17%	0.21%	0.17%
	DENN	D	0.01%	0.02%	0.01%
	DFIN	B	0.05%	0.07%	0.05%
	DHC	B	0.06%	0.23%	0.06%
	DHIL	B	0.01%	0.03%	0.01%
	DIN	F	0.03%	0.02%	0.02%
	DIOD	F	0.19%	0.12%	0.12%
	DLX	D	0.07%	0.1%	0.07%
	DNOW	D	0.1%	0.13%	0.1%
	DRH	C	0.14%	0.12%	0.12%
	DXPE	C	0.04%	0.05%	0.04%
	EAF	D	0.0%	0.04%	0.0%
	EAT	B	0.02%	0.14%	0.02%
	EBC	B	0.24%	0.06%	0.06%
	EBF	B	0.05%	0.04%	0.04%
	ECPG	C	0.09%	0.12%	0.09%
	ECVT	F	0.06%	0.04%	0.04%
	EFSC	B	0.15%	0.06%	0.06%
	EGBN	C	0.05%	0.04%	0.04%
	EIG	B	0.09%	0.09%	0.09%
	EMBC	C	0.06%	0.1%	0.06%
	ENS	C	0.02%	0.2%	0.02%
	ENVA	C	0.16%	0.16%	0.16%
	EPC	F	0.14%	0.12%	0.12%
	EPRT	A	0.45%	0.05%	0.05%
	ESE	B	0.12%	0.08%	0.08%
	ESGR	D	0.31%	0.09%	0.09%
	ESNT	B	0.51%	0.19%	0.19%
	ESRT	B	0.11%	0.1%	0.1%
	EVRI	C	0.04%	0.04%	0.04%
	EYE	F	0.06%	0.05%	0.05%
	FBK	B	0.13%	0.01%	0.01%
	FBNC	B	0.13%	0.05%	0.05%
	FBP	C	0.22%	0.09%	0.09%
	FCF	C	0.13%	0.07%	0.07%
	FCPT	A	0.22%	0.05%	0.05%
	FDP	B	0.07%	0.2%	0.07%
	FFBC	C	0.18%	0.11%	0.11%
	FIBK	B	0.18%	0.1%	0.1%
	FLGT	D	0.03%	0.02%	0.02%
	FLWS	F	0.01%	0.02%	0.01%
	FOXF	F	0.13%	0.05%	0.05%
	FRME	C	0.17%	0.08%	0.08%
	FUL	D	0.24%	0.19%	0.19%
	FULT	C	0.23%	0.13%	0.13%
	FWRD	C	0.07%	0.12%	0.07%
	GATX	D	0.38%	0.22%	0.22%
	GBCI	B	0.39%	0.14%	0.14%
	GBX	C	0.11%	0.16%	0.11%
	GCI	C	0.05%	0.08%	0.05%
	GCO	D	0.02%	0.05%	0.02%
	GDEN	D	0.05%	0.02%	0.02%
	GDOT	C	0.04%	0.04%	0.04%
	GEF	D	0.02%	0.13%	0.02%
	GEF	D	0.12%	0.13%	0.12%
	GEO	F	0.12%	0.23%	0.12%
	GHC	C	0.2%	0.2%	0.2%
	GIII	C	0.1%	0.2%	0.1%
	GLDD	C	0.05%	0.04%	0.04%
	GMS	C	0.03%	0.19%	0.03%
	GNK	D	0.06%	0.03%	0.03%
	GNL	B	0.14%	0.1%	0.1%
	GPMT	D	0.01%	0.01%	0.01%
	GPRE	F	0.06%	0.05%	0.05%
	GPRO	F	0.01%	0.01%	0.01%
	GRBK	B	0.14%	0.04%	0.04%
	GTN	D	0.03%	0.06%	0.03%
	GTY	B	0.12%	0.02%	0.02%
	GVA	B	0.05%	0.22%	0.05%
	HAFC	C	0.04%	0.03%	0.03%
	HAIN	D	0.06%	0.08%	0.06%
	HASI	B	0.3%	0.03%	0.03%
	HAYN	D	0.06%	0.01%	0.01%
	HCC	F	0.22%	0.25%	0.22%
	HCSG	C	0.06%	0.08%	0.06%
	HE	F	0.1%	0.18%	0.1%
	HEES	D	0.01%	0.09%	0.01%
	HELE	D	0.11%	0.09%	0.09%
	HFWA	C	0.06%	0.03%	0.03%
	HI	F	0.1%	0.08%	0.08%
	HL	C	0.3%	0.09%	0.09%
	HLF	F	0.02%	0.11%	0.02%
	HLIO	D	0.03%	0.02%	0.02%
	HLX	D	0.09%	0.07%	0.07%
	HMN	C	0.1%	0.06%	0.06%
	HMST	C	0.02%	0.06%	0.02%
	HNI	B	0.1%	0.19%	0.1%
	HOMB	B	0.39%	0.07%	0.07%
	HOPE	B	0.11%	0.11%	0.11%
	HOV	C	0.08%	0.01%	0.01%
	HP	D	0.22%	0.19%	0.19%
	HPP	D	0.05%	0.13%	0.05%
	HSII	C	0.06%	0.03%	0.03%
	HTH	C	0.12%	0.11%	0.11%
	HTLD	D	0.03%	0.05%	0.03%
	HTLF	B	0.19%	0.1%	0.1%
	HVT	D	0.03%	0.04%	0.03%
	HWC	D	0.33%	0.19%	0.19%
	HY	D	0.02%	0.0%	0.0%
	HZO	C	0.06%	0.07%	0.06%
	IART	F	0.09%	0.04%	0.04%
	IBOC	C	0.26%	0.1%	0.1%
	IBTX	B	0.16%	0.09%	0.09%
	ICHR	F	0.05%	0.04%	0.04%
	ICUI	B	0.29%	0.15%	0.15%
	IGT	D	0.16%	0.13%	0.13%
	IHRT	D	0.01%	0.05%	0.01%
	IIIN	D	0.03%	0.01%	0.01%
	IIPR	B	0.28%	0.01%	0.01%
	ILPT	C	0.03%	0.06%	0.03%
	IMKTA	D	0.08%	0.18%	0.08%
	INDB	C	0.19%	0.08%	0.08%
	INSW	D	0.15%	0.04%	0.04%
	INVA	B	0.08%	0.06%	0.06%
	IOSP	D	0.03%	0.11%	0.03%
	IRBT	F	0.02%	0.02%	0.02%
	IRT	B	0.36%	0.07%	0.07%
	IRWD	F	0.03%	0.01%	0.01%
	ITGR	B	0.1%	0.13%	0.1%
	ITRI	C	0.04%	0.13%	0.04%
	IVT	B	0.16%	0.03%	0.03%
	JBGS	B	0.12%	0.15%	0.12%
	JBLU	D	0.14%	0.12%	0.12%
	JBT	D	0.2%	0.09%	0.09%
	JELD	D	0.06%	0.16%	0.06%
	JRVR	F	0.02%	0.01%	0.01%
	KALU	F	0.01%	0.1%	0.01%
	KAR	D	0.14%	0.13%	0.13%
	KE	F	0.03%	0.01%	0.01%
	KELYA	D	0.05%	0.14%	0.05%
	KFY	B	0.29%	0.21%	0.21%
	KMT	B	0.15%	0.16%	0.15%
	KN	D	0.12%	0.07%	0.07%
	KOP	F	0.06%	0.06%	0.06%
	KREF	B	0.04%	0.04%	0.04%
	KRG	B	0.45%	0.11%	0.11%
	KRNY	C	0.03%	0.02%	0.02%
	KTOS	B	0.14%	0.05%	0.05%
	KW	C	0.1%	0.08%	0.08%
	LADR	B	0.11%	0.08%	0.08%
	LAUR	B	0.03%	0.14%	0.03%
	LBRT	D	0.23%	0.13%	0.13%
	LESL	F	0.02%	0.01%	0.01%
	LGF.A	F	0.04%	0.07%	0.04%
	LGF.A	F	0.06%	0.07%	0.06%
	LGIH	C	0.17%	0.15%	0.15%
	LGND	C	0.14%	0.01%	0.01%
	LILAK	D	0.1%	0.07%	0.07%
	LIVN	D	0.19%	0.04%	0.04%
	LKFN	C	0.12%	0.04%	0.04%
	LNN	C	0.05%	0.04%	0.04%
	LPG	F	0.05%	0.05%	0.05%
	LTC	B	0.12%	0.05%	0.05%
	LXP	B	0.23%	0.1%	0.1%
	LXU	D	0.03%	0.01%	0.01%
	LZB	C	0.14%	0.16%	0.14%
	MAC	B	0.28%	0.26%	0.26%
	MATV	B	0.08%	0.08%	0.08%
	MATW	F	0.06%	0.04%	0.04%
	MATX	C	0.35%	0.06%	0.06%
	MBUU	D	0.06%	0.01%	0.01%
	MCY	C	0.11%	0.14%	0.11%
	MD	C	0.07%	0.09%	0.07%
	MED	F	0.02%	0.02%	0.02%
	MEI	F	0.03%	0.02%	0.02%
	MGEE	B	0.14%	0.09%	0.09%
	MGY	C	0.03%	0.08%	0.03%
	MHO	B	0.34%	0.28%	0.28%
	MLKN	D	0.15%	0.17%	0.15%
	MMI	C	0.07%	0.06%	0.06%
	MNRO	D	0.06%	0.05%	0.05%
	MODG	F	0.11%	0.05%	0.05%
	MODV	F	0.01%	0.02%	0.01%
	MOV	F	0.02%	0.02%	0.02%
	MRC	D	0.08%	0.07%	0.07%
	MRCY	C	0.16%	0.07%	0.07%
	MRTN	D	0.06%	0.07%	0.06%
	MSBI	D	0.04%	0.0%	0.0%
	MTRN	D	0.01%	0.07%	0.01%
	MTUS	F	0.05%	0.04%	0.04%
	MTW	F	0.03%	0.03%	0.03%
	MTX	D	0.18%	0.14%	0.14%
	MXL	F	0.0%	0.02%	0.0%
	MYGN	B	0.19%	0.05%	0.05%
	NBHC	C	0.11%	0.01%	0.01%
	NBR	F	0.03%	0.06%	0.03%
	NBTB	D	0.16%	0.07%	0.07%
	NEOG	C	0.27%	0.05%	0.05%
	NHC	D	0.12%	0.11%	0.11%
	NHI	A	0.28%	0.11%	0.11%
	NIC	C	0.08%	0.01%	0.01%
	NJR	B	0.36%	0.18%	0.18%
	NMIH	B	0.23%	0.08%	0.08%
	NMRK	B	0.16%	0.15%	0.15%
	NNI	B	0.13%	0.07%	0.07%
	NOG	D	0.25%	0.03%	0.03%
	NPK	C	0.03%	0.02%	0.02%
	NPO	C	0.22%	0.09%	0.09%
	NR	F	0.04%	0.01%	0.01%
	NTB	C	0.14%	0.07%	0.07%
	NTCT	D	0.1%	0.09%	0.09%
	NTGR	C	0.05%	0.06%	0.05%
	NUS	F	0.03%	0.06%	0.03%
	NVEE	F	0.08%	0.04%	0.04%
	NVRI	D	0.06%	0.08%	0.06%
	NWBI	C	0.13%	0.08%	0.08%
	NWE	A	0.27%	0.18%	0.18%
	NWN	B	0.12%	0.08%	0.08%
	NX	D	0.09%	0.06%	0.06%
	OCFC	B	0.08%	0.03%	0.03%
	OFG	C	0.15%	0.06%	0.06%
	OGS	B	0.31%	0.19%	0.19%
	OIS	F	0.02%	0.02%	0.02%
	OMCL	C	0.15%	0.07%	0.07%
	OMI	D	0.08%	0.17%	0.08%
	ONB	C	0.46%	0.15%	0.15%
	ONEW	F	0.02%	0.01%	0.01%
	OPCH	C	0.23%	0.12%	0.12%
	OPEN	D	0.1%	0.07%	0.07%
	OPK	C	0.04%	0.03%	0.03%
	ORA	C	0.31%	0.09%	0.09%
	OSIS	C	0.01%	0.09%	0.01%
	OTTR	D	0.14%	0.09%	0.09%
	OUT	B	0.12%	0.16%	0.12%
	OXM	D	0.03%	0.06%	0.03%
	PARR	F	0.08%	0.04%	0.04%
	PBH	B	0.28%	0.11%	0.11%
	PBI	C	0.04%	0.14%	0.04%
	PCH	C	0.28%	0.17%	0.17%
	PCRX	F	0.04%	0.0%	0.0%
	PDCO	F	0.11%	0.16%	0.11%
	PDM	B	0.1%	0.14%	0.1%
	PEB	D	0.12%	0.08%	0.08%
	PEBO	C	0.08%	0.01%	0.01%
	PECO	B	0.32%	0.11%	0.11%
	PFBC	C	0.06%	0.01%	0.01%
	PFC	C	0.07%	0.03%	0.03%
	PFS	B	0.17%	0.1%	0.1%
	PFSI	B	0.11%	0.19%	0.11%
	PGRE	C	0.07%	0.1%	0.07%
	PHIN	B	0.16%	0.16%	0.16%
	PKST	C	0.04%	0.01%	0.01%
	PLAB	F	0.07%	0.07%	0.07%
	PLOW	C	0.01%	0.03%	0.01%
	PLUS	B	0.06%	0.13%	0.06%
	PLXS	B	0.18%	0.22%	0.18%
	PMT	B	0.1%	0.09%	0.09%
	PNM	B	0.29%	0.18%	0.18%
	PPBI	D	0.18%	0.1%	0.1%
	PRA	C	0.05%	0.05%	0.05%
	PRAA	D	0.07%	0.06%	0.06%
	PRDO	D	0.11%	0.08%	0.08%
	PRG	B	0.13%	0.27%	0.13%
	PRIM	C	0.02%	0.04%	0.02%
	PRK	C	0.19%	0.08%	0.08%
	PRLB	D	0.06%	0.04%	0.04%
	PRM	B	0.12%	0.01%	0.01%
	PSMT	B	0.06%	0.17%	0.06%
	PTEN	F	0.24%	0.15%	0.15%
	PTON	C	0.01%	0.04%	0.01%
	PTVE	D	0.03%	0.07%	0.03%
	PUMP	F	0.05%	0.06%	0.05%
	PZZA	D	0.03%	0.03%	0.03%
	RC	D	0.1%	0.02%	0.02%
	RDN	B	0.39%	0.27%	0.27%
	RDUS	D	0.03%	0.05%	0.03%
	RES	D	0.04%	0.04%	0.04%
	REVG	C	0.02%	0.09%	0.02%
	REX	D	0.04%	0.01%	0.01%
	RGP	F	0.02%	0.02%	0.02%
	RGR	F	0.04%	0.05%	0.04%
	RIG	F	0.23%	0.1%	0.1%
	RLJ	D	0.11%	0.12%	0.11%
	RNST	D	0.14%	0.02%	0.02%
	ROCK	D	0.08%	0.08%	0.08%
	ROG	D	0.15%	0.06%	0.06%
	ROIC	B	0.15%	0.07%	0.07%
	RRR	D	0.11%	0.09%	0.09%
	RUN	C	0.32%	0.03%	0.03%
	RWT	B	0.08%	0.05%	0.05%
	RYAM	B	0.04%	0.02%	0.02%
	RYI	F	0.04%	0.07%	0.04%
	SABR	D	0.07%	0.06%	0.06%
	SAFT	C	0.09%	0.08%	0.08%
	SAH	D	0.04%	0.14%	0.04%
	SASR	B	0.11%	0.1%	0.1%
	SATS	B	0.23%	0.54%	0.23%
	SBCF	C	0.17%	0.02%	0.02%
	SBH	B	0.1%	0.18%	0.1%
	SBRA	B	0.33%	0.2%	0.2%
	SBSI	B	0.07%	0.04%	0.04%
	SCHL	D	0.06%	0.07%	0.06%
	SCL	D	0.11%	0.12%	0.11%
	SCS	B	0.1%	0.17%	0.1%
	SCSC	D	0.09%	0.13%	0.09%
	SCVL	B	0.06%	0.06%	0.06%
	SEM	D	0.09%	0.23%	0.09%
	SENEA	B	0.02%	0.05%	0.02%
	SFBS	B	0.22%	0.02%	0.02%
	SFIX	C	0.03%	0.04%	0.03%
	SFL	D	0.07%	0.06%	0.06%
	SFNC	B	0.2%	0.14%	0.14%
	SGH	F	0.08%	0.05%	0.05%
	SGRY	C	0.18%	0.03%	0.03%
	SHEN	F	0.06%	0.04%	0.04%
	SHO	D	0.16%	0.11%	0.11%
	SHYF	D	0.03%	0.03%	0.03%
	SIG	C	0.3%	0.19%	0.19%
	SIGI	C	0.07%	0.14%	0.07%
	SJW	C	0.15%	0.05%	0.05%
	SKT	B	0.16%	0.11%	0.11%
	SKY	B	0.21%	0.15%	0.15%
	SKYW	C	0.24%	0.14%	0.14%
	SLG	B	0.35%	0.08%	0.08%
	SLVM	B	0.16%	0.27%	0.16%
	SMP	C	0.05%	0.05%	0.05%
	SNBR	C	0.03%	0.09%	0.03%
	SNEX	C	0.16%	0.01%	0.01%
	SONO	F	0.01%	0.05%	0.01%
	SR	B	0.28%	0.2%	0.2%
	SRCE	C	0.09%	0.03%	0.03%
	SRI	F	0.03%	0.02%	0.02%
	SSB	B	0.56%	0.05%	0.05%
	SSP	F	0.01%	0.01%	0.01%
	SSTK	F	0.01%	0.03%	0.01%
	STBA	B	0.12%	0.07%	0.07%
	STC	B	0.15%	0.21%	0.15%
	STNG	D	0.24%	0.06%	0.06%
	STRA	D	0.16%	0.09%	0.09%
	SUM	C	0.35%	0.14%	0.14%
	SUPN	C	0.11%	0.05%	0.05%
	SVC	F	0.06%	0.15%	0.06%
	SWBI	D	0.04%	0.06%	0.04%
	SWX	C	0.34%	0.26%	0.26%
	SXC	F	0.05%	0.05%	0.05%
	SXI	C	0.04%	0.06%	0.04%
	SXT	C	0.01%	0.15%	0.01%
	SYNA	F	0.21%	0.08%	0.08%
	TALO	F	0.13%	0.08%	0.08%
	TBBK	B	0.01%	0.01%	0.01%
	TBI	F	0.02%	0.04%	0.02%
	TCBI	B	0.25%	0.12%	0.12%
	TCBK	C	0.11%	0.03%	0.03%
	TDOC	D	0.09%	0.03%	0.03%
	TEX	D	0.26%	0.18%	0.18%
	THR	D	0.07%	0.01%	0.01%
	THS	C	0.16%	0.17%	0.16%
	TILE	B	0.08%	0.09%	0.08%
	TITN	F	0.02%	0.02%	0.02%
	TK	C	0.04%	0.01%	0.01%
	TMP	C	0.06%	0.03%	0.03%
	TNC	D	0.07%	0.07%	0.07%
	TOWN	B	0.19%	0.09%	0.09%
	TPC	C	0.08%	0.28%	0.08%
	TPIC	D	0.01%	0.03%	0.01%
	TRMK	C	0.15%	0.11%	0.11%
	TRN	C	0.02%	0.19%	0.02%
	TRNO	C	0.51%	0.06%	0.06%
	TROX	F	0.11%	0.13%	0.11%
	TRS	D	0.08%	0.06%	0.06%
	TRTX	C	0.04%	0.05%	0.04%
	TTEC	F	0.01%	0.01%	0.01%
	TTMI	D	0.14%	0.19%	0.14%
	TWI	D	0.03%	0.0%	0.0%
	UBSI	B	0.38%	0.18%	0.18%
	UE	B	0.2%	0.1%	0.1%
	UFCS	D	0.03%	0.03%	0.03%
	UIS	C	0.03%	0.05%	0.03%
	UMBF	B	0.37%	0.16%	0.16%
	UNF	B	0.22%	0.17%	0.17%
	UNIT	C	0.1%	0.21%	0.1%
	URBN	D	0.13%	0.18%	0.13%
	USNA	F	0.03%	0.04%	0.03%
	UTL	B	0.07%	0.04%	0.04%
	UVE	B	0.03%	0.04%	0.03%
	UVV	D	0.1%	0.16%	0.1%
	VAL	F	0.09%	0.03%	0.03%
	VBTX	B	0.1%	0.06%	0.06%
	VGR	C	0.14%	0.11%	0.11%
	VIAV	D	0.14%	0.09%	0.09%
	VIR	F	0.06%	0.02%	0.02%
	VLY	C	0.28%	0.16%	0.16%
	VREX	F	0.03%	0.02%	0.02%
	VRNT	F	0.13%	0.04%	0.04%
	VRTS	D	0.02%	0.02%	0.02%
	VSAT	F	0.12%	0.1%	0.1%
	VSCO	C	0.11%	0.18%	0.11%
	VSEC	C	0.08%	0.02%	0.02%
	VSH	D	0.18%	0.05%	0.05%
	VSTO	B	0.18%	0.14%	0.14%
	VTOL	D	0.06%	0.01%	0.01%
	WABC	D	0.1%	0.03%	0.03%
	WAFD	B	0.19%	0.17%	0.17%
	WASH	B	0.04%	0.03%	0.03%
	WD	B	0.08%	0.16%	0.08%
	WGO	D	0.12%	0.15%	0.12%
	WMK	C	0.09%	0.17%	0.09%
	WNC	F	0.07%	0.08%	0.07%
	WOOF	C	0.03%	0.04%	0.03%
	WOR	F	0.01%	0.09%	0.01%
	WOW	D	0.02%	0.03%	0.02%
	WRLD	D	0.01%	0.04%	0.01%
	WSBC	D	0.14%	0.1%	0.1%
	WSFS	C	0.23%	0.09%	0.09%
	WTTR	C	0.07%	0.04%	0.04%
	XHR	C	0.11%	0.1%	0.1%
	XPRO	F	0.12%	0.02%	0.02%
	ZD	D	0.17%	0.12%	0.12%
	ZEUS	F	0.03%	0.03%	0.03%
	ZIMV	F	0.03%	0.05%	0.03%
	ZUMZ	D	0.03%	0.06%	0.03%
	ZWS	B	0.02%	0.06%	0.02%

IWN Overweight 832 Positions Relative to FNDA

	Symbol	Grade	Weight
	MTH	B	0.56%
	TMHC	B	0.55%
	JXN	B	0.48%
	LUMN	C	0.47%
	CMC	D	0.46%
	CYTK	F	0.43%
	POR	B	0.38%
	MUR	D	0.38%
	KBH	B	0.38%
	GPI	B	0.37%
	ABG	F	0.35%
	SM	D	0.29%
	CNO	B	0.28%
	SANM	D	0.28%
	ASTS	C	0.27%
	UCB	C	0.26%
	PBF	F	0.26%
	CDP	B	0.26%
	UFPI	C	0.25%
	ABM	D	0.25%
	ASGN	D	0.25%
	RUSHA	C	0.24%
	ASO	C	0.24%
	TPH	C	0.23%
	BTU	D	0.22%
	BCC	C	0.22%
	GNW	B	0.22%
	SITC	D	0.22%
	NYCB	D	0.21%
	HUBG	C	0.21%
	REZI	D	0.21%
	AGIO	D	0.2%
	ALTM	F	0.2%
	VCYT	B	0.19%
	TGNA	C	0.19%
	TDS	C	0.18%
	RVMD	C	0.18%
	AUR	C	0.17%
	GT	F	0.17%
	FL	D	0.17%
	ARCH	F	0.17%
	WERN	D	0.16%
	BFH	C	0.16%
	MBC	C	0.16%
	NTLA	F	0.16%
	EQC	B	0.16%
	NEO	C	0.15%
	BANC	B	0.15%
	OI	D	0.15%
	BEAM	F	0.15%
	ADNT	F	0.14%
	NE	D	0.13%
	HLMN	B	0.13%
	RIOT	F	0.13%
	MIR	D	0.13%
	STR	D	0.13%
	KNTK	B	0.12%
	SYBT	B	0.12%
	AKRO	C	0.12%
	WKC	B	0.12%
	ELME	B	0.12%
	AHR	B	0.12%
	DNLI	B	0.12%
	BBIO	D	0.11%
	VRE	B	0.11%
	SAFE	B	0.11%
	TWO	B	0.11%
	LTH	B	0.11%
	NOVA	C	0.1%
	QCRH	B	0.1%
	SPNT	C	0.1%
	DAN	F	0.1%
	CIM	A	0.1%
	STEL	C	0.1%
	NAVI	C	0.1%
	MFA	A	0.1%
	SKWD	C	0.09%
	CDNA	C	0.09%
	GABC	C	0.09%
	MSGE	B	0.09%
	ASPN	D	0.09%
	PLUG	F	0.09%
	NXT	F	0.09%
	LC	C	0.09%
	XRX	F	0.09%
	FBMS	B	0.08%
	TVTX	B	0.08%
	MSEX	C	0.08%
	NTST	D	0.08%
	ARR	B	0.08%
	WINA	C	0.08%
	ODP	F	0.08%
	NXRT	B	0.08%
	WS	C	0.08%
	EFC	B	0.08%
	ACT	A	0.08%
	FBRT	B	0.08%
	UMH	C	0.08%
	DBD	B	0.08%
	BY	C	0.07%
	TGI	D	0.07%
	EXTR	C	0.07%
	BFC	B	0.07%
	GPOR	C	0.07%
	PCT	C	0.07%
	HA	A	0.07%
	DK	F	0.07%
	FIP	C	0.07%
	DCOM	B	0.07%
	HUT	D	0.07%
	UNFI	C	0.07%
	SYRE	D	0.07%
	FMBH	B	0.07%
	PLYM	D	0.07%
	DGII	D	0.07%
	AMBA	C	0.07%
	OBK	C	0.07%
	OSBC	C	0.06%
	NBBK	B	0.06%
	BELFB	C	0.06%
	IBCP	B	0.06%
	MBWM	C	0.06%
	NAT	D	0.06%
	AIV	B	0.06%
	RPAY	D	0.06%
	HBNC	B	0.06%
	PSFE	B	0.06%
	AHH	B	0.06%
	RLAY	D	0.06%
	ETWO	C	0.06%
	SPTN	C	0.06%
	VTLE	F	0.06%
	CTBI	B	0.06%
	MBIN	C	0.06%
	FCBC	B	0.06%
	VMEO	C	0.06%
	GERN	D	0.06%
	DX	A	0.06%
	MARA	F	0.06%
	WLY	C	0.06%
	UVSP	B	0.06%
	CFB	C	0.06%
	BHRB	C	0.06%
	MLR	D	0.05%
	CTKB	F	0.05%
	TRST	C	0.05%
	NYMT	C	0.05%
	RGNX	D	0.05%
	VTS	C	0.05%
	EQBK	B	0.05%
	GMRE	C	0.05%
	PTCT	C	0.05%
	HTBK	C	0.05%
	ANNX	C	0.05%
	MLI	B	0.05%
	VVX	C	0.05%
	BFST	B	0.05%
	CHUY	B	0.05%
	DNTH	D	0.05%
	ORRF	B	0.05%
	AMTB	D	0.05%
	WSR	D	0.05%
	FLR	D	0.05%
	FIGS	F	0.05%
	FG	C	0.05%
	XNCR	C	0.05%
	INN	C	0.05%
	PLRX	F	0.05%
	ETNB	F	0.05%
	IAS	D	0.05%
	ZYME	B	0.05%
	SWI	B	0.05%
	IRON	D	0.05%
	PETQ	A	0.05%
	ETD	C	0.05%
	NLOP	B	0.04%
	TWKS	C	0.04%
	HSTM	C	0.04%
	MPB	B	0.04%
	OLP	B	0.04%
	CCBG	B	0.04%
	YORW	D	0.04%
	ORIC	D	0.04%
	NRIX	C	0.04%
	NFBK	C	0.04%
	ATRC	C	0.04%
	LASR	F	0.04%
	IIIV	D	0.04%
	FSBC	B	0.04%
	WLDN	B	0.04%
	FPI	D	0.04%
	TERN	C	0.04%
	NCMI	B	0.04%
	PHAT	B	0.04%
	LAND	C	0.04%
	LAB	D	0.04%
	SMBK	B	0.04%
	PACB	D	0.04%
	NBN	C	0.04%
	FUBO	D	0.04%
	INVX	F	0.04%
	AROW	C	0.04%
	CLNE	C	0.04%
	CLFD	C	0.04%
	GSBC	C	0.04%
	PGY	F	0.04%
	BYON	F	0.04%
	EGY	D	0.04%
	CCNE	C	0.04%
	BHB	B	0.04%
	KIDS	D	0.04%
	CLDX	C	0.04%
	THFF	B	0.04%
	FOR	C	0.04%
	HONE	C	0.04%
	SMBC	C	0.04%
	ADPT	C	0.04%
	AAOI	D	0.04%
	MCB	C	0.04%
	CSTL	C	0.04%
	STGW	B	0.04%
	ATRO	D	0.04%
	REPL	C	0.04%
	GOOD	B	0.04%
	NUVB	D	0.04%
	HTBI	B	0.04%
	HOUS	C	0.04%
	OFIX	D	0.04%
	RBCAA	B	0.04%
	AMAL	B	0.04%
	MCBS	B	0.04%
	CAC	C	0.04%
	FMNB	B	0.04%
	OSUR	F	0.03%
	PAYO	B	0.03%
	ERAS	C	0.03%
	NWPX	C	0.03%
	BOC	C	0.03%
	LINC	D	0.03%
	PAHC	B	0.03%
	CYH	B	0.03%
	FRBA	B	0.03%
	EE	B	0.03%
	LILA	C	0.03%
	BCAL	D	0.03%
	USAP	C	0.03%
	PFIS	C	0.03%
	FBIZ	B	0.03%
	CWBC	C	0.03%
	BMRC	C	0.03%
	OLPX	C	0.03%
	SLRN	F	0.03%
	MQ	F	0.03%
	CVLG	C	0.03%
	MCS	B	0.03%
	AMSWA	C	0.03%
	ACNB	C	0.03%
	FNKO	B	0.03%
	SMRT	F	0.03%
	EHAB	F	0.03%
	FMAO	B	0.03%
	OABI	D	0.03%
	VICR	F	0.03%
	VRDN	C	0.03%
	STRO	D	0.03%
	PL	F	0.03%
	SD	D	0.03%
	TRDA	F	0.03%
	HTZ	D	0.03%
	CCCC	C	0.03%
	LOCO	B	0.03%
	FRPH	D	0.03%
	WLFC	B	0.03%
	UTZ	C	0.03%
	BECN	D	0.03%
	MNKD	B	0.03%
	HIFS	B	0.03%
	TRC	C	0.03%
	HIPO	D	0.03%
	PRTA	F	0.03%
	OLMA	D	0.03%
	FFIC	C	0.03%
	CRGX	C	0.03%
	HRTG	B	0.03%
	VERV	F	0.03%
	KGS	C	0.03%
	GLRE	B	0.03%
	MDXG	F	0.03%
	QTRX	D	0.03%
	DAKT	D	0.03%
	ALRS	C	0.03%
	FATE	F	0.03%
	XPER	D	0.03%
	ACRE	C	0.03%
	BSRR	B	0.03%
	EVGO	C	0.03%
	SHBI	B	0.03%
	TIPT	B	0.03%
	NRIM	B	0.03%
	CTO	C	0.03%
	ARIS	C	0.03%
	BALY	B	0.03%
	RUSHB	C	0.03%
	FISI	B	0.03%
	RMR	C	0.03%
	WGS	B	0.03%
	CARE	B	0.03%
	MXCT	D	0.03%
	SAGE	F	0.03%
	SPFI	B	0.03%
	KIND	D	0.03%
	FA	B	0.03%
	CORZ	B	0.03%
	LMNR	B	0.03%
	CHCT	F	0.03%
	ITOS	F	0.03%
	ADV	C	0.03%
	MLAB	C	0.03%
	RBB	B	0.03%
	NVAX	D	0.03%
	INDI	F	0.03%
	IVR	C	0.03%
	AIOT	C	0.03%
	LFST	C	0.03%
	MOFG	B	0.03%
	AURA	C	0.03%
	ORC	B	0.03%
	HCAT	C	0.03%
	PGC	C	0.03%
	TRML	D	0.03%
	FUN	F	0.03%
	CLBK	C	0.03%
	HRTX	F	0.02%
	DJCO	B	0.02%
	BPRN	B	0.02%
	LCNB	C	0.02%
	MGNI	D	0.02%
	FLXS	B	0.02%
	SEVN	B	0.02%
	LYEL	F	0.02%
	HNST	D	0.02%
	MITT	B	0.02%
	TFIN	D	0.02%
	PANL	F	0.02%
	VABK	B	0.02%
	NGNE	C	0.02%
	JAKK	C	0.02%
	BWFG	B	0.02%
	HPK	D	0.02%
	VYX	D	0.02%
	FVCB	C	0.02%
	TLS	F	0.02%
	NXDT	C	0.02%
	GDYN	C	0.02%
	LSEA	C	0.02%
	ONIT	C	0.02%
	SLDP	F	0.02%
	ACCD	D	0.02%
	NVRO	F	0.02%
	NGVC	B	0.02%
	ASUR	C	0.02%
	NWFL	C	0.02%
	UTMD	F	0.02%
	BHR	D	0.02%
	MBCN	C	0.02%
	COFS	A	0.02%
	LE	C	0.02%
	ADEA	C	0.02%
	FCEL	D	0.02%
	PCB	B	0.02%
	MG	C	0.02%
	PDLB	B	0.02%
	RLGT	C	0.02%
	LOB	B	0.02%
	CRBP	D	0.02%
	BRT	B	0.02%
	STER	B	0.02%
	APEI	D	0.02%
	PLBC	B	0.02%
	BARK	C	0.02%
	MEC	B	0.02%
	CZFS	C	0.02%
	PINE	C	0.02%
	FORR	D	0.02%
	INST	D	0.02%
	TSBK	B	0.02%
	MVBF	D	0.02%
	DGICA	B	0.02%
	CRSR	F	0.02%
	AMRX	B	0.02%
	CHPT	F	0.02%
	SNCY	D	0.02%
	CIO	B	0.02%
	BLFY	B	0.02%
	OUST	F	0.02%
	SMHI	F	0.02%
	PKBK	B	0.02%
	SSBK	C	0.02%
	DH	F	0.02%
	TSVT	C	0.02%
	AVNW	F	0.02%
	JMSB	D	0.02%
	ONL	C	0.02%
	NKTR	D	0.02%
	OOMA	C	0.02%
	FFWM	D	0.02%
	EYPT	D	0.02%
	RMAX	C	0.02%
	PKOH	C	0.02%
	ENTA	F	0.02%
	UNTY	B	0.02%
	KRO	D	0.02%
	ODC	D	0.02%
	SWIM	B	0.02%
	CBNK	B	0.02%
	AMPS	F	0.02%
	AMPY	D	0.02%
	PLPC	F	0.02%
	FRST	D	0.02%
	AORT	D	0.02%
	REPX	D	0.02%
	RRBI	C	0.02%
	ALT	D	0.02%
	REI	D	0.02%
	HBB	B	0.02%
	ESPR	F	0.02%
	MLYS	F	0.02%
	IPI	C	0.02%
	MLNK	C	0.02%
	AQST	C	0.02%
	RM	B	0.02%
	ALDX	C	0.02%
	FDBC	C	0.02%
	OLO	D	0.02%
	BCML	B	0.02%
	AUPH	C	0.02%
	REFI	B	0.02%
	THRD	C	0.02%
	CIVB	C	0.02%
	ACMR	F	0.02%
	ALNT	F	0.02%
	SFST	C	0.02%
	NEWT	D	0.02%
	VLGEA	B	0.02%
	GOGO	F	0.02%
	WSBF	B	0.02%
	PACK	D	0.02%
	SLQT	F	0.02%
	NECB	B	0.02%
	SAVE	F	0.02%
	CBAN	B	0.02%
	INGN	D	0.02%
	ITIC	A	0.02%
	NVTS	F	0.02%
	TRUE	D	0.02%
	VPG	F	0.02%
	SPOK	C	0.02%
	RBBN	D	0.02%
	FNLC	C	0.02%
	IMMR	D	0.02%
	VNDA	D	0.02%
	LENZ	D	0.02%
	FDMT	F	0.02%
	AVIR	C	0.02%
	AKBA	D	0.02%
	APPS	D	0.02%
	BVS	B	0.02%
	FSBW	B	0.02%
	ANGO	C	0.02%
	FLIC	B	0.02%
	VECO	F	0.02%
	DVAX	D	0.02%
	ANIK	D	0.02%
	GNTY	B	0.02%
	CWCO	F	0.02%
	AVXL	D	0.02%
	VYGR	F	0.02%
	TBPH	F	0.02%
	QTTB	C	0.02%
	BWB	B	0.02%
	NAPA	F	0.02%
	MCFT	D	0.02%
	LEGH	B	0.02%
	HDSN	D	0.02%
	CZNC	C	0.02%
	KODK	D	0.02%
	TCBX	B	0.02%
	MTRX	D	0.02%
	HYLN	D	0.02%
	OBT	C	0.02%
	FARO	D	0.02%
	HBT	C	0.02%
	ANIP	D	0.02%
	INZY	C	0.02%
	GRNT	D	0.02%
	DCGO	D	0.02%
	ALLO	D	0.02%
	LXFR	C	0.02%
	HG	C	0.02%
	NKTX	F	0.02%
	HBCP	B	0.02%
	CGON	C	0.02%
	EBTC	B	0.02%
	DDD	F	0.02%
	TCMD	C	0.02%
	WTBA	C	0.02%
	EDIT	F	0.02%
	RMBL	D	0.01%
	TDUP	F	0.01%
	SWKH	F	0.01%
	CRDF	D	0.01%
	STEM	F	0.01%
	AEVA	F	0.01%
	PRPL	F	0.01%
	EVCM	D	0.01%
	ELYM	C	0.01%
	LFMD	F	0.01%
	INBX	C	0.01%
	WVE	D	0.01%
	SCLX	F	0.01%
	IPSC	F	0.01%
	LAW	D	0.01%
	WULF	D	0.01%
	COGT	C	0.01%
	GOEV	F	0.01%
	RGLS	F	0.01%
	PBYI	F	0.01%
	BDTX	F	0.01%
	TCRX	F	0.01%
	SUNS	B	0.01%
	HBIO	F	0.01%
	ATXS	D	0.01%
	DAWN	F	0.01%
	TNYA	F	0.01%
	OBIO	F	0.01%
	CBUS	F	0.01%
	REAL	D	0.01%
	LCUT	F	0.01%
	CPSS	C	0.01%
	TLYS	F	0.01%
	EEX	D	0.01%
	CGEM	F	0.01%
	MASS	F	0.01%
	TRVI	C	0.01%
	KOD	F	0.01%
	BKSY	F	0.01%
	CEVA	C	0.01%
	HLLY	F	0.01%
	ADCT	F	0.01%
	PNRG	B	0.01%
	PFMT	B	0.01%
	ABSI	F	0.01%
	SKYE	F	0.01%
	RMNI	F	0.01%
	IVVD	D	0.01%
	QSI	D	0.01%
	MCW	F	0.01%
	SVRA	D	0.01%
	VHI	C	0.01%
	ULBI	F	0.01%
	AMTX	F	0.01%
	FHTX	C	0.01%
	GYRE	D	0.01%
	PTSI	D	0.01%
	MVIS	D	0.01%
	ARHS	F	0.01%
	NRGV	F	0.01%
	PLL	F	0.01%
	AVBP	C	0.01%
	TUSK	D	0.01%
	AOMR	F	0.01%
	CTGO	F	0.01%
	CASS	D	0.01%
	BLFS	D	0.01%
	BLNK	F	0.01%
	URGN	F	0.01%
	DIBS	D	0.01%
	UHT	B	0.01%
	EPM	C	0.01%
	NC	F	0.01%
	XOMA	B	0.01%
	EVC	D	0.01%
	WALD	D	0.01%
	CHRS	F	0.01%
	SIGA	D	0.01%
	RDW	D	0.01%
	LFCR	F	0.01%
	ABOS	F	0.01%
	CVGI	F	0.01%
	TPB	C	0.01%
	III	D	0.01%
	ACRV	D	0.01%
	HEAR	D	0.01%
	AGEN	F	0.01%
	FREY	F	0.01%
	PX	C	0.01%
	LIND	C	0.01%
	AVAH	C	0.01%
	FULC	F	0.01%
	IBRX	F	0.01%
	NODK	D	0.01%
	MRSN	D	0.01%
	BLUE	F	0.01%
	RGTI	F	0.01%
	GRWG	F	0.01%
	COOK	C	0.01%
	GCMG	B	0.01%
	PGEN	F	0.01%
	SIBN	D	0.01%
	BBCP	F	0.01%
	LXRX	F	0.01%
	SPCE	F	0.01%
	LYTS	C	0.01%
	GBTG	B	0.01%
	PAR	B	0.01%
	TTSH	D	0.01%
	BH	D	0.01%
	SES	F	0.01%
	HFFG	D	0.01%
	GBIO	F	0.01%
	GNE	D	0.01%
	SBT	F	0.01%
	CATX	D	0.01%
	CLAR	F	0.01%
	MYFW	C	0.01%
	USCB	C	0.01%
	NAUT	C	0.01%
	GRPN	F	0.01%
	PEBK	D	0.01%
	VRA	F	0.01%
	LNKB	D	0.01%
	CMT	C	0.01%
	GSAT	F	0.01%
	NREF	B	0.01%
	PBFS	B	0.01%
	POWW	F	0.01%
	GEOS	D	0.01%
	CABA	F	0.01%
	VTYX	F	0.01%
	RSVR	C	0.01%
	ACDC	F	0.01%
	ESCA	D	0.01%
	RELL	C	0.01%
	ARQ	D	0.01%
	PRKS	C	0.01%
	TWIN	F	0.01%
	XBIT	C	0.01%
	PKE	D	0.01%
	MFIN	D	0.01%
	PTLO	C	0.01%
	OMER	D	0.01%
	DXLG	F	0.01%
	MYPS	F	0.01%
	NATR	F	0.01%
	SAMG	B	0.01%
	NPWR	F	0.01%
	ADVM	F	0.01%
	MHLD	F	0.01%
	STRS	C	0.01%
	RCKY	D	0.01%
	FLL	F	0.01%
	ALTI	F	0.01%
	FF	C	0.01%
	PWSC	C	0.01%
	PSTX	C	0.01%
	ATOS	C	0.01%
	HNRG	F	0.01%
	ACIC	D	0.01%
	BELFA	B	0.01%
	ZVRA	C	0.01%
	EML	C	0.01%
	SLDB	F	0.01%
	BSVN	B	0.01%
	IBEX	B	0.01%
	MBI	F	0.01%
	LUNR	C	0.01%
	HOFT	D	0.01%
	CMPX	C	0.01%
	VIRC	D	0.01%
	PVBC	C	0.01%
	LEU	F	0.01%
	BOOM	D	0.01%
	RGCO	C	0.01%
	ORN	F	0.01%
	JOUT	D	0.01%
	TG	B	0.01%
	FRGE	F	0.01%
	ONTF	D	0.01%
	ESSA	C	0.01%
	NGS	D	0.01%
	DSGN	C	0.01%
	ATLO	D	0.01%
	RXT	C	0.01%
	CDXS	D	0.01%
	ASLE	F	0.01%
	INO	F	0.01%
	FFNW	B	0.01%
	SGC	F	0.01%
	CHMG	C	0.01%
	NNBR	F	0.01%
	ACTG	D	0.01%
	BE	F	0.01%
	LMND	D	0.01%
	ATLC	C	0.01%
	IDT	C	0.01%
	AFCG	C	0.01%
	OB	D	0.01%
	CTV	D	0.01%
	BLDE	D	0.01%
	FSP	D	0.01%
	ORGO	D	0.01%
	CRBU	F	0.01%
	PYXS	D	0.01%
	FSLY	D	0.01%
	FET	F	0.01%
	EU	F	0.01%
	RICK	F	0.01%
	ISTR	B	0.01%
	RNGR	C	0.01%
	INBK	C	0.01%
	ZNTL	D	0.01%
	CIFR	F	0.01%
	APLT	C	0.01%
	APLD	C	0.01%
	OVLY	C	0.01%
	STHO	C	0.01%
	KRRO	F	0.01%
	NKSH	D	0.01%
	PSTL	B	0.01%
	FSTR	F	0.01%
	LOVE	C	0.01%
	GENC	C	0.01%
	SMMT	C	0.01%
	WEYS	B	0.01%
	SRDX	D	0.01%
	ULH	C	0.01%
	PCYO	C	0.01%
	GLUE	C	0.01%
	ALCO	B	0.01%
	VEL	B	0.01%
	BCBP	C	0.01%
	CDT	F	0.0%
	SMXT	F	0.0%
	GUTS	F	0.0%
	MGX	F	0.0%
	BTMD	F	0.0%
	BOLD	F	0.0%
	RENB	F	0.0%
	MOND	F	0.0%
	BAER	F	0.0%
	REKR	F	0.0%
	ELEV	F	0.0%
	EVI	D	0.0%
	JILL	F	0.0%
	HQI	C	0.0%
	EWCZ	F	0.0%
	STXS	D	0.0%
	SSTI	F	0.0%
	LVO	F	0.0%
	DTI	F	0.0%
	ARAY	D	0.0%
	MLP	C	0.0%
	BRCC	F	0.0%
	CLPR	B	0.0%
	CAPR	C	0.0%
	OTLK	F	0.0%
	PEPG	F	0.0%
	CIX	C	0.0%
	RDZN	F	0.0%
	GALT	C	0.0%
	AKA	C	0.0%
	DTC	F	0.0%
	MRAM	F	0.0%
	CELC	F	0.0%
	IGMS	C	0.0%
	ARL	D	0.0%
	DMRC	F	0.0%
	SLND	F	0.0%
	EB	F	0.0%
	VERU	F	0.0%
	MKTW	F	0.0%
	CTLP	F	0.0%
	VCSA	D	0.0%
	CCB	C	0.0%
	CMPO	B	0.0%
	TCI	F	0.0%
	PROK	C	0.0%
	MPX	D	0.0%
	LAZR	F	0.0%
	LLAP	F	0.0%
	PRLD	F	0.0%
	OPAD	D	0.0%
	GOCO	F	0.0%
	MGNX	F	0.0%
	CDMO	B	0.0%
	SNDA	D	0.0%
	CRMD	B	0.0%
	DLHC	F	0.0%
	QBTS	F	0.0%
	BBAI	D	0.0%
	ANRO	C	0.0%
	HLVX	D	0.0%
	SEZL	B	0.0%
	KYTX	F	0.0%
	ACHR	F	0.0%
	ELVN	D	0.0%
	DSGR	B	0.0%
	RIGL	C	0.0%
	CTNM	D	0.0%
	HCKT	B	0.0%
	STTK	F	0.0%
	ITI	A	0.0%
	BFS	C	0.0%
	HOWL	F	0.0%
	NL	C	0.0%
	ABUS	C	0.0%
	BAND	D	0.0%
	MGTX	F	0.0%
	INNV	D	0.0%
	ARCT	F	0.0%
	DC	D	0.0%
	RAPT	F	0.0%
	CTOS	F	0.0%
	ATEX	C	0.0%
	ACHV	D	0.0%
	CRCT	D	0.0%
	TREE	C	0.0%
	OSPN	B	0.0%
	CYRX	F	0.0%
	ESQ	B	0.0%
	QUAD	F	0.0%
	SRRK	F	0.0%

IWN Underweight 449 Positions Relative to FNDA

	Symbol	Grade	Weight
	ANF	D	-0.43%
	RCL	B	-0.41%
	FICO	A	-0.35%
	UTHR	C	-0.33%
	CRUS	D	-0.33%
	DY	B	-0.3%
	OHI	A	-0.29%
	KMPR	D	-0.28%
	CLH	B	-0.28%
	COIN	F	-0.28%
	GME	F	-0.27%
	WAL	B	-0.27%
	VLTO	C	-0.27%
	WWD	D	-0.26%
	FRT	C	-0.26%
	TXRH	D	-0.26%
	CRS	B	-0.25%
	FLS	D	-0.25%
	SPOT	B	-0.25%
	TTEK	C	-0.25%
	HEI	B	-0.25%
	AGNC	A	-0.24%
	SPB	B	-0.24%
	XPO	D	-0.24%
	HIW	B	-0.24%
	SPR	D	-0.24%
	SF	A	-0.24%
	LNW	B	-0.23%
	CBT	B	-0.23%
	FCN	C	-0.23%
	RXO	D	-0.23%
	ELS	C	-0.23%
	UAL	B	-0.23%
	VMI	D	-0.22%
	COLD	D	-0.22%
	PB	B	-0.22%
	FIX	B	-0.22%
	ELAN	D	-0.22%
	VIRT	B	-0.22%
	AIT	C	-0.22%
	BWXT	D	-0.22%
	MOG.A	B	-0.22%
	AGO	C	-0.22%
	RNR	B	-0.21%
	SRCL	A	-0.21%
	FNB	D	-0.21%
	EBS	D	-0.21%
	SN	B	-0.21%
	AWI	B	-0.21%
	SCCO	D	-0.21%
	ESI	D	-0.21%
	CUBE	B	-0.21%
	LOPE	D	-0.21%
	DTM	B	-0.2%
	RPRX	C	-0.2%
	NNN	B	-0.2%
	ACHC	C	-0.2%
	Z	B	-0.2%
	KEX	C	-0.2%
	CBSH	C	-0.2%
	CUZ	B	-0.2%
	AMKR	F	-0.2%
	SMCI	F	-0.2%
	CR	C	-0.2%
	IDA	B	-0.2%
	CROX	C	-0.2%
	KRC	B	-0.2%
	AMH	C	-0.2%
	SMG	C	-0.2%
	OLLI	C	-0.19%
	FHB	C	-0.19%
	MAT	C	-0.19%
	ENTG	D	-0.19%
	MPWR	C	-0.19%
	VRT	C	-0.19%
	SAIA	D	-0.19%
	FDS	C	-0.19%
	PATK	B	-0.19%
	WH	B	-0.19%
	SHOO	B	-0.19%
	WBS	C	-0.19%
	NYT	C	-0.19%
	PNFP	B	-0.19%
	WTFC	B	-0.19%
	ASH	D	-0.19%
	UAA	C	-0.18%
	ZM	C	-0.18%
	HXL	F	-0.18%
	BCO	B	-0.18%
	HLI	B	-0.18%
	PINC	C	-0.18%
	KNF	B	-0.18%
	NOMD	B	-0.18%
	CSGP	D	-0.18%
	CFR	C	-0.18%
	LCII	C	-0.18%
	COLM	B	-0.18%
	MC	B	-0.18%
	INCY	C	-0.18%
	COLB	B	-0.18%
	ACIW	B	-0.18%
	ARCB	D	-0.17%
	EXEL	B	-0.17%
	BFAM	C	-0.17%
	WTM	F	-0.17%
	VVV	D	-0.17%
	BYD	C	-0.17%
	SSD	C	-0.17%
	MTCH	C	-0.17%
	AXS	B	-0.17%
	OZK	D	-0.17%
	EEFT	D	-0.17%
	HRI	C	-0.17%
	MOD	C	-0.17%
	LFUS	D	-0.17%
	BIO	C	-0.17%
	PIPR	B	-0.16%
	COKE	C	-0.16%
	AGR	B	-0.16%
	LITE	B	-0.16%
	GMED	D	-0.16%
	VEEV	C	-0.16%
	CHDN	C	-0.16%
	H	C	-0.15%
	RYN	C	-0.15%
	DASH	C	-0.15%
	VSTS	D	-0.15%
	CACC	D	-0.15%
	TYL	C	-0.15%
	NVST	D	-0.15%
	NEU	D	-0.15%
	EPR	B	-0.15%
	ROL	C	-0.15%
	FN	D	-0.15%
	WYNN	D	-0.15%
	ENSG	C	-0.15%
	SNDR	B	-0.14%
	ARES	B	-0.14%
	KTB	B	-0.14%
	AMED	C	-0.14%
	RGLD	B	-0.14%
	MTDR	D	-0.14%
	APG	D	-0.14%
	TPG	B	-0.14%
	MKTX	C	-0.14%
	SITE	D	-0.14%
	CGNX	D	-0.14%
	ESAB	C	-0.14%
	SLAB	D	-0.14%
	VNT	D	-0.14%
	PPC	D	-0.14%
	APP	B	-0.13%
	CNXC	D	-0.13%
	WTS	C	-0.13%
	WMS	D	-0.13%
	AROC	C	-0.13%
	GTES	C	-0.13%
	YELP	F	-0.13%
	DOLE	A	-0.13%
	APAM	C	-0.13%
	CVCO	B	-0.13%
	SMTC	C	-0.13%
	WEX	C	-0.13%
	FND	C	-0.13%
	IDCC	B	-0.12%
	BRKR	D	-0.12%
	TPL	C	-0.12%
	EXLS	C	-0.12%
	DORM	B	-0.12%
	RH	B	-0.12%
	MASI	D	-0.12%
	AMN	F	-0.12%
	FELE	C	-0.12%
	FR	C	-0.12%
	FSS	D	-0.12%
	TDC	F	-0.12%
	MANH	B	-0.12%
	DNB	C	-0.12%
	DLB	D	-0.12%
	PLNT	A	-0.12%
	BOOT	B	-0.12%
	WEN	C	-0.12%
	WWW	B	-0.12%
	STAG	C	-0.12%
	IAC	C	-0.12%
	PLTR	B	-0.11%
	TREX	F	-0.11%
	MORN	C	-0.11%
	BMRN	F	-0.11%
	PTC	D	-0.11%
	RLI	B	-0.11%
	RRC	D	-0.11%
	TECH	C	-0.11%
	TWLO	D	-0.11%
	TNET	D	-0.11%
	ETSY	F	-0.11%
	PSN	B	-0.11%
	BOKF	B	-0.11%
	LRN	B	-0.11%
	WDAY	D	-0.11%
	MWA	C	-0.11%
	AM	B	-0.1%
	AEIS	D	-0.1%
	MELI	B	-0.1%
	IPGP	F	-0.1%
	BCPC	C	-0.1%
	ENOV	F	-0.1%
	SLGN	B	-0.1%
	DDS	D	-0.1%
	ATKR	F	-0.1%
	CHRD	F	-0.1%
	MSA	C	-0.1%
	IBP	C	-0.1%
	WSC	D	-0.1%
	LANC	D	-0.1%
	AMR	F	-0.1%
	CHX	D	-0.1%
	ICFI	C	-0.1%
	FTDR	B	-0.09%
	PINS	F	-0.09%
	IBKR	B	-0.09%
	RBC	C	-0.09%
	ONTO	F	-0.09%
	OLED	C	-0.09%
	JACK	F	-0.09%
	BSIG	B	-0.09%
	CIVI	F	-0.09%
	ENR	F	-0.09%
	RHP	D	-0.09%
	VC	F	-0.09%
	CSTM	D	-0.09%
	EGP	B	-0.09%
	TW	A	-0.09%
	ATI	C	-0.09%
	ABNB	D	-0.09%
	HGV	D	-0.09%
	CWEN	B	-0.09%
	UCBI	B	-0.09%
	CNM	F	-0.09%
	GFF	C	-0.09%
	MMSI	B	-0.09%
	BKE	B	-0.09%
	CBZ	F	-0.08%
	ADC	C	-0.08%
	HALO	B	-0.08%
	CNS	B	-0.08%
	AZEK	C	-0.08%
	CCOI	C	-0.08%
	AY	B	-0.08%
	EXPO	B	-0.08%
	KLG	C	-0.08%
	NSA	B	-0.08%
	GOLF	F	-0.08%
	UCTT	F	-0.08%
	HRB	C	-0.08%
	JJSF	C	-0.08%
	STRL	B	-0.08%
	THRM	D	-0.08%
	HWKN	B	-0.08%
	CPNG	B	-0.08%
	CACC	D	-0.08%
	CNA	C	-0.08%
	MGRC	F	-0.08%
	NSP	D	-0.08%
	NOW	A	-0.08%
	HAE	D	-0.08%
	FSLR	C	-0.08%
	NGVT	F	-0.08%
	ROKU	C	-0.08%
	REXR	C	-0.08%
	SAM	F	-0.08%
	KFRC	D	-0.08%
	FFIN	B	-0.08%
	GES	F	-0.07%
	VRSN	D	-0.07%
	NBIX	F	-0.07%
	ALG	D	-0.07%
	WTRG	D	-0.07%
	IRDM	D	-0.07%
	MYRG	F	-0.07%
	MMS	D	-0.07%
	JWN	B	-0.07%
	BMI	B	-0.07%
	AAON	B	-0.07%
	AGRO	C	-0.07%
	DXCM	F	-0.07%
	KLIC	D	-0.07%
	TTD	B	-0.07%
	COTY	F	-0.07%
	MEDP	D	-0.07%
	GWRE	A	-0.07%
	GO	F	-0.07%
	KOS	F	-0.07%
	FIVE	D	-0.07%
	CSWI	B	-0.07%
	CHH	C	-0.07%
	RAMP	F	-0.07%
	KAI	C	-0.07%
	CORT	B	-0.07%
	PAYC	D	-0.07%
	POWI	F	-0.07%
	REYN	C	-0.07%
	FORM	F	-0.07%
	COMP	B	-0.07%
	RNG	D	-0.07%
	YETI	D	-0.07%
	OII	D	-0.07%
	CSGS	C	-0.07%
	PR	D	-0.06%
	AGX	C	-0.06%
	GLNG	D	-0.06%
	PJT	B	-0.06%
	OEC	F	-0.06%
	MSM	D	-0.06%
	CRL	D	-0.06%
	APO	C	-0.06%
	KWR	D	-0.06%
	TRIP	F	-0.06%
	WING	B	-0.06%
	AAL	D	-0.06%
	CWST	D	-0.06%
	WDFC	B	-0.06%
	VRRM	D	-0.06%
	ROAD	B	-0.06%
	BLKB	B	-0.06%
	BLD	D	-0.06%
	FTI	D	-0.06%
	ENPH	C	-0.06%
	ALK	C	-0.06%
	TNL	D	-0.06%
	CAKE	C	-0.06%
	BSY	D	-0.06%
	CARG	B	-0.06%
	DHT	C	-0.06%
	CHE	C	-0.06%
	DBX	D	-0.06%
	ENV	C	-0.06%
	HHH	C	-0.06%
	JAZZ	D	-0.06%
	STNE	F	-0.05%
	EXAS	C	-0.05%
	ERIE	A	-0.05%
	RDNT	B	-0.05%
	XP	D	-0.05%
	SMPL	D	-0.05%
	SBLK	D	-0.05%
	WFRD	F	-0.05%
	W	D	-0.05%
	TSE	D	-0.05%
	PLAY	F	-0.05%
	AZTA	D	-0.05%
	NOVT	D	-0.05%
	PRGS	C	-0.05%
	FHI	A	-0.05%
	PAGS	F	-0.05%
	JBSS	D	-0.05%
	PRFT	A	-0.05%
	LBRDK	D	-0.05%
	GFS	F	-0.05%
	CWH	C	-0.05%
	PSTG	F	-0.05%
	CHEF	C	-0.05%
	WHD	C	-0.05%
	EPAC	B	-0.05%
	QLYS	F	-0.05%
	EXPI	C	-0.05%
	CNMD	D	-0.05%
	LYFT	D	-0.05%
	GLOB	D	-0.05%
	HURN	C	-0.05%
	HQY	C	-0.05%
	THRY	D	-0.05%
	PEGA	C	-0.04%
	CRAI	C	-0.04%
	TEN	C	-0.04%
	SPSC	D	-0.04%
	TNK	D	-0.04%
	SEB	C	-0.04%
	CMRE	D	-0.04%
	DAC	D	-0.04%
	BRC	B	-0.04%
	RGEN	F	-0.04%
	CLVT	D	-0.04%
	ETH	D	-0.04%
	ACLS	F	-0.04%
	EVTC	D	-0.04%
	TUP	F	-0.04%
	STEP	B	-0.04%
	PODD	B	-0.04%
	BRBR	B	-0.04%
	SNOW	F	-0.03%
	ARCO	F	-0.03%
	ALTO	D	-0.03%
	CLB	D	-0.03%
	ZI	D	-0.03%
	PEN	D	-0.03%
	OPI	F	-0.03%
	HAYW	C	-0.03%
	LSCC	D	-0.03%
	ALKS	C	-0.03%
	IPAR	D	-0.03%
	ALRM	F	-0.03%
	MERC	F	-0.03%
	RKT	B	-0.03%
	PLCE	C	-0.02%
	AGL	F	-0.02%
	OKTA	F	-0.02%
	USM	C	-0.02%
	LEVI	C	-0.02%
	GTLS	F	-0.02%
	PRVA	D	-0.02%
	LYV	B	-0.02%
	KNSL	C	-0.02%
	DT	C	-0.02%
	USPH	D	-0.02%
	MYE	D	-0.02%
	DAY	D	-0.02%
	TKO	B	-0.02%
	CLOV	C	-0.02%
	ASTH	B	-0.02%
	VCTR	B	-0.02%
	FIZZ	D	-0.02%
	TOST	B	-0.02%
	INMD	D	-0.01%
	DNUT	D	-0.01%
	MGPI	C	-0.01%
	EVH	C	-0.01%
	SPWH	D	-0.01%
	CRVL	B	-0.01%
	HLNE	B	-0.01%
	CMTL	D	-0.01%
	PETS	D	-0.01%
	MP	D	-0.01%
	WMG	D	-0.01%
	WOLF	F	-0.01%
	SEDG	F	-0.01%
	RILY	F	-0.01%
	EDR	A	-0.01%
	GSL	D	-0.01%
	NU	B	-0.01%
	SNAP	F	-0.01%
	SSYS	F	-0.01%
	RMBS	F	-0.01%
	SEG	C	-0.0%
	ALGM	F	-0.0%
	WTI	F	-0.0%
	GIC	D	-0.0%
	GSM	F	-0.0%
	AMPH	C	-0.0%

IWN: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Software - Application Oil & Gas E&P Savings & Cooperative Banks Specialty Retail Electronic Components Oil & Gas Equipment & Services Conglomerates Diversified Industrials Insurance - Property & Casualty Medical Devices REIT - Office Banks - Regional Business Services Auto Parts Diagnostics & Research Drug Manufacturers - Specialty & Generic REIT - Retail

Keywords: Bank Banking Deposit Products Real Estate Investment Trust Biotechnology Medicine Biopharmaceutical Real Estate Loans Cancer Mortgage Loan Commercial Banking Loan Natural Gas Commercial Bank Life Sciences Demand Deposit Insurance Trust Services Loan Products Individual Retirement Account

FNDA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Diversified Industrials REIT - Diversified Business Services Specialty Chemicals Asset Management Packaged Foods Biotechnology Oil & Gas E&P Oil & Gas Equipment & Services Specialty Retail Engineering & Construction Insurance - Property & Casualty REIT - Retail Semiconductors Building Materials Capital Markets Restaurants Shipping & Ports

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Computing Chemical Construction Insurance Mining Real Estate Loans Commercial Banking Natural Gas Electronics Aerospace Telecommunications Medicine S&P 500 Semiconductor Transport Clothing