IWN vs. SMMV ETF Comparison

Comparison of iShares Russell 2000 Value ETF (IWN) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$175.66

Average Daily Volume

926,439

Number of Holdings ^*

1383

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$43.59

Average Daily Volume

37,454

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	IWN	SMMV
30 Days	3.69%	3.89%
60 Days	3.48%	5.61%
90 Days	7.27%	8.32%
12 Months	28.68%	27.58%

115 Overlapping Holdings

Symbol	Grade	Weight in IWN	Weight in SMMV	Overlap
ACT	D	0.07%	0.06%	0.06%
ADEA	D	0.02%	0.05%	0.02%
ADUS	D	0.09%	0.37%	0.09%
AGIO	C	0.22%	0.1%	0.1%
ALE	A	0.27%	0.26%	0.26%
AMSF	B	0.05%	0.21%	0.05%
ANIP	D	0.02%	0.08%	0.02%
ARCH	B	0.21%	0.16%	0.16%
ATEX	F	0.0%	0.07%	0.0%
ATGE	B	0.2%	0.14%	0.14%
AVA	C	0.22%	0.2%	0.2%
AWR	B	0.1%	0.19%	0.1%
BBSI	A	0.01%	0.08%	0.01%
BFC	B	0.07%	0.18%	0.07%
BHE	B	0.12%	0.32%	0.12%
BTU	B	0.25%	0.05%	0.05%
CALM	A	0.26%	0.72%	0.26%
CCRN	F	0.02%	0.06%	0.02%
CEIX	B	0.27%	0.08%	0.08%
CGEM	F	0.01%	0.03%	0.01%
CGON	F	0.04%	0.05%	0.04%
CHCO	B	0.13%	0.11%	0.11%
CLW	F	0.03%	0.06%	0.03%
CNSL	B	0.03%	0.07%	0.03%
CNX	A	0.41%	0.17%	0.17%
CNXN	D	0.06%	0.16%	0.06%
CPK	A	0.21%	0.07%	0.07%
CRGX	F	0.04%	0.03%	0.03%
CTRE	C	0.32%	0.65%	0.32%
CVLT	A	0.04%	1.12%	0.04%
CWT	C	0.16%	0.16%	0.16%
CXW	C	0.17%	0.16%	0.16%
DAWN	D	0.01%	0.04%	0.01%
DHIL	A	0.01%	0.1%	0.01%
DJCO	B	0.02%	0.14%	0.02%
DK	D	0.06%	0.04%	0.04%
DVAX	C	0.02%	0.29%	0.02%
EBF	F	0.04%	0.1%	0.04%
EIG	B	0.09%	0.26%	0.09%
ESGR	B	0.31%	0.46%	0.31%
FRPH	A	0.03%	0.08%	0.03%
GEO	A	0.24%	0.09%	0.09%
GHC	B	0.22%	0.58%	0.22%
GNK	C	0.05%	0.04%	0.04%
GPOR	A	0.07%	0.3%	0.07%
HCC	B	0.25%	0.16%	0.16%
HCKT	B	0.0%	0.14%	0.0%
HG	C	0.05%	0.06%	0.05%
HMN	B	0.12%	0.33%	0.12%
HSTM	B	0.04%	0.14%	0.04%
IDT	B	0.02%	0.15%	0.02%
IMKTA	C	0.07%	0.19%	0.07%
INSW	F	0.12%	0.31%	0.12%
INVA	D	0.07%	0.21%	0.07%
IRON	B	0.08%	0.15%	0.08%
IRWD	F	0.03%	0.09%	0.03%
ITOS	F	0.02%	0.02%	0.02%
KELYA	F	0.03%	0.08%	0.03%
KNTK	A	0.15%	0.42%	0.15%
LAUR	A	0.04%	0.47%	0.04%
LTC	B	0.12%	0.11%	0.11%
MATX	B	0.4%	0.08%	0.08%
MCS	B	0.04%	0.1%	0.04%
MCY	B	0.13%	0.38%	0.13%
MGEE	B	0.16%	0.46%	0.16%
NHC	C	0.11%	0.33%	0.11%
NJR	A	0.35%	0.24%	0.24%
NPK	C	0.03%	0.08%	0.03%
NTCT	C	0.11%	0.18%	0.11%
NTGR	B	0.05%	0.08%	0.05%
NTST	D	0.07%	0.2%	0.07%
NWE	C	0.25%	0.64%	0.25%
OGS	A	0.31%	0.14%	0.14%
OPCH	F	0.15%	0.19%	0.15%
OSIS	A	0.01%	0.07%	0.01%
PBF	D	0.23%	0.06%	0.06%
PBH	A	0.3%	0.77%	0.3%
PDCO	F	0.09%	0.3%	0.09%
PLXS	B	0.21%	0.11%	0.11%
POR	C	0.35%	0.49%	0.35%
PRDO	B	0.12%	0.35%	0.12%
REX	D	0.04%	0.13%	0.04%
RGR	F	0.03%	0.13%	0.03%
RMR	F	0.03%	0.05%	0.03%
ROG	D	0.14%	0.03%	0.03%
SAFT	B	0.09%	0.24%	0.09%
SCHL	F	0.04%	0.05%	0.04%
SENEA	A	0.02%	0.07%	0.02%
SHEN	F	0.05%	0.11%	0.05%
SIGI	C	0.07%	1.14%	0.07%
SKWD	A	0.1%	0.32%	0.1%
SMP	C	0.05%	0.12%	0.05%
SPNT	A	0.1%	0.17%	0.1%
SPTN	F	0.04%	0.12%	0.04%
SR	A	0.28%	0.07%	0.07%
STRA	C	0.16%	0.08%	0.08%
SWBI	D	0.04%	0.04%	0.04%
SWX	A	0.34%	0.18%	0.18%
TBPH	B	0.03%	0.07%	0.03%
TGNA	B	0.22%	0.5%	0.22%
THS	F	0.11%	0.07%	0.07%
TIPT	B	0.03%	0.09%	0.03%
TXNM	A	0.31%	0.75%	0.31%
UFCS	A	0.04%	0.1%	0.04%
UNF	B	0.22%	0.33%	0.22%
UTZ	D	0.02%	0.05%	0.02%
UVE	A	0.03%	0.12%	0.03%
VREX	B	0.04%	0.11%	0.04%
VVX	C	0.05%	0.14%	0.05%
WABC	B	0.11%	0.22%	0.11%
WERN	B	0.16%	0.45%	0.16%
WINA	B	0.08%	0.07%	0.07%
WMK	B	0.09%	0.16%	0.09%
YORW	D	0.03%	0.09%	0.03%
ZYME	C	0.06%	0.13%	0.06%

IWN Overweight 1268 Positions Relative to SMMV

Symbol	Grade	Weight
LUMN	C	0.63%
SSB	B	0.59%
JXN	C	0.54%
TMHC	C	0.53%
CMC	B	0.5%
ONB	B	0.49%
MTH	D	0.47%
GBCI	B	0.47%
CADE	B	0.46%
ESNT	D	0.43%
KRG	A	0.43%
HOMB	B	0.43%
SUM	B	0.43%
EPRT	A	0.42%
TRNO	D	0.42%
UBSI	B	0.41%
ALTM	C	0.41%
GATX	A	0.4%
GPI	B	0.4%
UMBF	B	0.4%
CYTK	D	0.38%
ABG	B	0.38%
RDN	D	0.38%
SLG	B	0.37%
HWC	B	0.37%
ACA	A	0.36%
VLY	B	0.35%
IRT	A	0.35%
MUR	D	0.35%
AVNT	B	0.34%
SKYW	B	0.33%
ABCB	B	0.33%
KBH	D	0.33%
BKH	A	0.32%
MAC	A	0.31%
SBRA	B	0.31%
ORA	B	0.31%
TCBI	B	0.3%
ASB	B	0.3%
PECO	B	0.3%
SM	C	0.3%
SANM	B	0.3%
MHO	D	0.3%
CNO	B	0.3%
SIG	C	0.3%
CRC	A	0.29%
IBOC	B	0.29%
KFY	B	0.29%
COOP	B	0.29%
PRMB	A	0.29%
REZI	A	0.28%
NOG	A	0.28%
AX	B	0.28%
AUB	B	0.27%
EBC	B	0.27%
RUSHA	B	0.27%
UCB	A	0.27%
ABM	B	0.26%
FULT	B	0.26%
APLE	B	0.26%
ICUI	D	0.26%
CDP	D	0.25%
UFPI	C	0.25%
JBT	A	0.25%
SFBS	B	0.25%
TEX	D	0.25%
CBU	B	0.25%
HL	C	0.24%
ASTS	D	0.24%
BNL	D	0.24%
WSFS	B	0.24%
HP	C	0.24%
ALIT	C	0.24%
NHI	D	0.24%
BGC	C	0.24%
CATY	B	0.24%
PCH	D	0.24%
RIG	D	0.23%
TDS	B	0.23%
ASGN	F	0.23%
NPO	A	0.23%
PTEN	C	0.23%
HASI	F	0.23%
BXMT	C	0.23%
NEOG	D	0.23%
INDB	B	0.22%
SFNC	B	0.22%
CVBF	A	0.22%
FUL	F	0.22%
RIOT	C	0.22%
HUBG	A	0.22%
GNW	A	0.22%
PRK	B	0.21%
UE	B	0.21%
HTLF	B	0.21%
BOH	B	0.21%
BCC	C	0.21%
BKU	A	0.21%
FBP	B	0.21%
IIPR	F	0.21%
RVMD	B	0.21%
LIVN	D	0.2%
FFBC	B	0.2%
LXP	D	0.2%
FIBK	A	0.2%
SYNA	D	0.2%
FLG	D	0.2%
TPH	D	0.2%
SKY	A	0.2%
NMIH	C	0.2%
VCYT	B	0.2%
SATS	D	0.2%
STNG	D	0.19%
LBRT	F	0.19%
PPBI	B	0.19%
VSTO	A	0.19%
AKR	A	0.19%
FRME	B	0.19%
MTX	C	0.19%
ENVA	B	0.19%
MIR	A	0.19%
FCPT	C	0.19%
GT	C	0.19%
BANR	B	0.18%
CDE	C	0.18%
BFH	B	0.18%
SNEX	A	0.18%
DEI	A	0.18%
SBCF	B	0.18%
ABR	C	0.18%
PFS	B	0.18%
ASO	F	0.18%
WAFD	B	0.18%
ZD	B	0.18%
TOWN	B	0.18%
BANC	B	0.17%
KMT	C	0.17%
CURB	D	0.17%
PHIN	A	0.17%
SKT	A	0.17%
IBTX	B	0.17%
SLVM	B	0.17%
TTMI	B	0.17%
WSBC	B	0.16%
CCS	F	0.16%
KAR	B	0.16%
MBC	F	0.16%
AUR	C	0.16%
MRCY	C	0.16%
RUN	F	0.16%
B	A	0.16%
VIAV	C	0.16%
DIOD	F	0.16%
ROIC	A	0.16%
RNST	B	0.16%
NBTB	B	0.16%
BANF	B	0.16%
JBLU	F	0.16%
VSCO	A	0.16%
TRMK	B	0.16%
BDC	B	0.16%
EFSC	B	0.16%
CABO	B	0.16%
AHR	A	0.16%
KTOS	C	0.15%
OI	D	0.15%
GBX	B	0.15%
LGIH	F	0.15%
FBK	B	0.15%
HUT	B	0.15%
NMRK	C	0.15%
SHO	D	0.15%
IVT	A	0.15%
OMCL	C	0.15%
OTTR	C	0.14%
CWK	C	0.14%
FCF	B	0.14%
STC	B	0.14%
STR	A	0.14%
DRH	B	0.14%
AIN	C	0.14%
ESE	B	0.14%
LGND	C	0.14%
IGT	F	0.14%
SYBT	B	0.14%
VSH	F	0.14%
OFG	B	0.14%
FL	F	0.14%
LKFN	B	0.13%
SASR	B	0.13%
NBHC	B	0.13%
EPC	F	0.13%
GEF	A	0.13%
WGO	D	0.13%
HLMN	B	0.13%
URBN	D	0.13%
SGRY	F	0.13%
NEO	C	0.13%
SJW	F	0.13%
ADNT	F	0.13%
FBNC	B	0.13%
NTB	B	0.13%
LZB	B	0.13%
NWBI	B	0.13%
AIR	B	0.13%
BEAM	D	0.13%
NNI	D	0.12%
AKRO	C	0.12%
KN	B	0.12%
CUBI	C	0.12%
PRM	C	0.12%
NE	D	0.12%
OUT	A	0.12%
LC	B	0.12%
MLKN	F	0.12%
PRG	B	0.12%
SUPN	B	0.12%
TALO	C	0.12%
HE	C	0.12%
ESRT	C	0.11%
ALEX	A	0.11%
VRE	A	0.11%
VRNT	D	0.11%
PEB	F	0.11%
STEL	B	0.11%
CRGY	A	0.11%
BUSE	B	0.11%
WKC	C	0.11%
GNL	D	0.11%
HELE	C	0.11%
DBRG	F	0.11%
RLJ	C	0.11%
VBTX	B	0.11%
AMC	D	0.11%
DNOW	B	0.11%
HI	C	0.11%
XHR	B	0.11%
QCRH	B	0.11%
TCBK	B	0.11%
HTH	C	0.11%
IART	C	0.11%
CODI	B	0.11%
GRBK	D	0.11%
NWN	A	0.11%
GTY	A	0.11%
STBA	B	0.11%
HOPE	B	0.11%
VSEC	B	0.11%
UVV	B	0.1%
TVTX	C	0.1%
TILE	A	0.1%
GABC	B	0.1%
ARI	C	0.1%
TROX	D	0.1%
TDOC	C	0.1%
NX	C	0.1%
TGI	A	0.1%
DNLI	D	0.1%
AAT	A	0.1%
ITGR	B	0.1%
NTLA	F	0.1%
UNIT	B	0.1%
NXT	C	0.1%
MYGN	F	0.1%
FOXF	F	0.1%
CENTA	C	0.1%
HNI	A	0.1%
RRR	F	0.1%
LADR	B	0.1%
SBH	B	0.1%
ANDE	F	0.1%
CASH	B	0.1%
AMWD	B	0.1%
WS	B	0.1%
LTH	D	0.1%
ELME	D	0.1%
SCL	D	0.1%
ECPG	C	0.09%
DEA	D	0.09%
NIC	B	0.09%
CNNE	B	0.09%
CIM	D	0.09%
DCOM	A	0.09%
MD	C	0.09%
PDM	D	0.09%
XPRO	F	0.09%
ALGT	C	0.09%
TWO	D	0.09%
TPC	C	0.09%
MODG	F	0.09%
OCFC	B	0.09%
BHLB	B	0.09%
APOG	B	0.09%
GIII	F	0.09%
CARS	C	0.09%
SCSC	B	0.09%
SCS	B	0.09%
CRK	A	0.09%
SRCE	B	0.09%
NAVI	F	0.09%
KW	C	0.09%
WTTR	A	0.09%
BBIO	F	0.09%
PFSI	D	0.09%
PEBO	B	0.09%
JBGS	D	0.09%
SEM	B	0.09%
PLUG	F	0.09%
UNFI	A	0.09%
DLX	B	0.08%
SBSI	B	0.08%
OBK	B	0.08%
MSEX	B	0.08%
TRS	B	0.08%
BY	B	0.08%
SXC	A	0.08%
MARA	B	0.08%
NXRT	A	0.08%
DBD	C	0.08%
CMCO	C	0.08%
PFC	B	0.08%
DAN	F	0.08%
FBRT	C	0.08%
SAFE	F	0.08%
MSGE	F	0.08%
UMH	B	0.08%
BRKL	B	0.08%
FUN	B	0.08%
PCT	B	0.08%
VAL	F	0.08%
SABR	C	0.08%
FBMS	B	0.08%
DGII	B	0.08%
CSR	B	0.08%
ROCK	D	0.08%
ATSG	A	0.08%
MRC	B	0.08%
MFA	D	0.08%
RC	D	0.08%
PMT	D	0.08%
HLX	B	0.08%
FDP	A	0.08%
COHU	D	0.08%
VTLE	C	0.07%
THR	B	0.07%
PFBC	B	0.07%
WLY	B	0.07%
PGRE	F	0.07%
PRAA	D	0.07%
VTOL	B	0.07%
DCO	B	0.07%
TNC	F	0.07%
VSAT	F	0.07%
EXTR	C	0.07%
SYRE	D	0.07%
ARR	D	0.07%
HSII	B	0.07%
DX	B	0.07%
BV	C	0.07%
RWT	D	0.07%
BHRB	B	0.07%
UTL	B	0.07%
CTBI	B	0.07%
ECVT	C	0.07%
UVSP	B	0.07%
PRLB	B	0.07%
WD	D	0.07%
VMEO	B	0.07%
PLAB	C	0.07%
SFL	D	0.07%
MMI	B	0.07%
OPEN	F	0.07%
CNOB	B	0.07%
BZH	C	0.07%
FMBH	B	0.07%
XRX	F	0.07%
TMP	B	0.07%
PARR	F	0.07%
AAOI	A	0.07%
BXC	B	0.07%
EFC	D	0.07%
AMBA	B	0.07%
NVEE	F	0.07%
ASIX	B	0.06%
SITC	D	0.06%
GVA	A	0.06%
FLR	B	0.06%
ORRF	B	0.06%
CPF	B	0.06%
HAYN	A	0.06%
EMBC	C	0.06%
GLDD	B	0.06%
MRTN	D	0.06%
BELFB	D	0.06%
MLI	B	0.06%
DXPE	B	0.06%
HOV	D	0.06%
OMI	F	0.06%
MBWM	B	0.06%
NBBK	B	0.06%
CFB	B	0.06%
FCBC	B	0.06%
EYE	C	0.06%
IBCP	B	0.06%
PSMT	D	0.06%
OSBC	A	0.06%
MBUU	C	0.06%
LILAK	D	0.06%
BRSP	C	0.06%
LGF.A	C	0.06%
CDNA	D	0.06%
WNC	D	0.06%
ASTE	C	0.06%
EGBN	B	0.06%
HBNC	B	0.06%
HCSG	C	0.06%
CFFN	B	0.06%
AVNS	F	0.06%
PRA	B	0.06%
CBRL	C	0.06%
FIP	D	0.06%
MNRO	D	0.06%
FWRD	D	0.06%
HFWA	B	0.06%
COMM	D	0.06%
BDN	C	0.06%
ODP	F	0.06%
ARIS	A	0.05%
SMBK	B	0.05%
CNDT	C	0.05%
PL	B	0.05%
HZO	F	0.05%
IAS	C	0.05%
SMBC	B	0.05%
HTBK	B	0.05%
GERN	C	0.05%
HAIN	D	0.05%
SCVL	F	0.05%
ASPN	F	0.05%
ETD	D	0.05%
MATV	F	0.05%
INN	D	0.05%
TRST	B	0.05%
PGC	A	0.05%
REPL	C	0.05%
ETNB	D	0.05%
AOSL	D	0.05%
AIV	C	0.05%
SAH	B	0.05%
RBCAA	B	0.05%
PUMP	D	0.05%
LNN	B	0.05%
AHH	D	0.05%
GPRE	F	0.05%
GDEN	B	0.05%
AMAL	B	0.05%
VTS	A	0.05%
BMBL	C	0.05%
MCB	B	0.05%
MLR	C	0.05%
ICHR	C	0.05%
BFST	B	0.05%
WASH	B	0.05%
PLUS	F	0.05%
PCRX	C	0.05%
MATW	C	0.05%
RYI	C	0.05%
GCI	D	0.05%
AEO	F	0.05%
NBN	B	0.05%
AMTB	B	0.05%
PLRX	D	0.05%
RPAY	D	0.05%
VIR	F	0.05%
EQBK	B	0.05%
WSR	B	0.05%
HAFC	B	0.05%
CTKB	C	0.05%
SWI	B	0.05%
PTCT	B	0.05%
CAC	B	0.05%
CNK	A	0.05%
AXL	C	0.05%
CAL	F	0.05%
FG	B	0.05%
KOP	C	0.05%
MBIN	F	0.05%
XNCR	B	0.05%
PLYM	F	0.05%
WGS	C	0.05%
NUVB	C	0.04%
CLBK	C	0.04%
FFIC	B	0.04%
NCMI	C	0.04%
LGF.A	C	0.04%
GDOT	D	0.04%
CCO	D	0.04%
SEI	A	0.04%
RUSHB	B	0.04%
EGY	F	0.04%
EVRI	A	0.04%
MPB	B	0.04%
CSTL	D	0.04%
PBI	C	0.04%
NRIM	A	0.04%
FOR	F	0.04%
EE	A	0.04%
RES	D	0.04%
HPP	F	0.04%
KREF	D	0.04%
INDI	C	0.04%
AVO	B	0.04%
UIS	C	0.04%
BLMN	F	0.04%
MOFG	B	0.04%
RLAY	F	0.04%
HONE	B	0.04%
AMRK	D	0.04%
HTZ	C	0.04%
CMP	C	0.04%
FA	C	0.04%
HLIO	C	0.04%
DNTH	F	0.04%
ITRI	B	0.04%
WLDN	C	0.04%
STGW	B	0.04%
TRTX	B	0.04%
LFST	C	0.04%
GMRE	F	0.04%
VICR	C	0.04%
CCBG	B	0.04%
KGS	A	0.04%
OPK	B	0.04%
AMBC	C	0.04%
IIIV	B	0.04%
NYMT	D	0.04%
SXI	B	0.04%
NFBK	B	0.04%
FPI	A	0.04%
INVX	C	0.04%
AMRC	F	0.04%
NVRI	D	0.04%
AHCO	D	0.04%
MSBI	B	0.04%
FSBC	B	0.04%
DHC	F	0.04%
ACCO	B	0.04%
GSBC	B	0.04%
EAT	A	0.04%
HIPO	A	0.04%
DFIN	D	0.04%
AIOT	A	0.04%
ORC	C	0.04%
WLFC	C	0.04%
JELD	F	0.04%
THFF	B	0.04%
AROW	B	0.04%
BHB	B	0.04%
NR	B	0.04%
FMNB	B	0.04%
MDXG	B	0.04%
ADPT	C	0.04%
TRML	C	0.04%
GOOD	B	0.04%
PSFE	F	0.04%
PAYO	A	0.04%
ANNX	F	0.04%
ATRC	C	0.04%
CCNE	B	0.04%
NAPA	A	0.04%
HTBI	B	0.04%
RYAM	C	0.04%
CMTG	D	0.04%
NAT	F	0.04%
CORZ	A	0.04%
FIGS	F	0.04%
ETWO	F	0.04%
OFIX	B	0.04%
ADTN	B	0.04%
MCBS	B	0.04%
MTUS	D	0.04%
ITIC	A	0.03%
OXM	F	0.03%
CIVB	B	0.03%
CLFD	F	0.03%
LGTY	B	0.03%
SFST	B	0.03%
SLRN	F	0.03%
FFWM	C	0.03%
HNST	A	0.03%
GEF	A	0.03%
REVG	B	0.03%
CWBC	B	0.03%
TWI	F	0.03%
QTRX	F	0.03%
HYLN	B	0.03%
MLAB	F	0.03%
TRUE	C	0.03%
MXCT	D	0.03%
ZUMZ	C	0.03%
FLGT	F	0.03%
OLO	B	0.03%
RBBN	B	0.03%
CTS	C	0.03%
MGY	A	0.03%
UNTY	B	0.03%
TCMD	B	0.03%
LAB	F	0.03%
MTW	C	0.03%
BE	A	0.03%
HBCP	B	0.03%
SD	D	0.03%
XPER	D	0.03%
ACRE	B	0.03%
PFIS	B	0.03%
ZIMV	F	0.03%
EBTC	B	0.03%
CVGW	D	0.03%
PRIM	A	0.03%
NECB	B	0.03%
KIDS	D	0.03%
PAHC	B	0.03%
NUS	C	0.03%
USAP	B	0.03%
DDD	C	0.03%
LXFR	B	0.03%
CVLG	B	0.03%
LAND	F	0.03%
FBIZ	A	0.03%
HOUS	D	0.03%
ZEUS	C	0.03%
GTN	F	0.03%
ORIC	F	0.03%
ACNB	B	0.03%
WTBA	B	0.03%
GLRE	B	0.03%
TCBX	A	0.03%
FUBO	F	0.03%
HCAT	F	0.03%
CIFR	C	0.03%
NOVA	F	0.03%
AVXL	B	0.03%
IVR	D	0.03%
LINC	C	0.03%
MNKD	B	0.03%
PGY	F	0.03%
LENZ	C	0.03%
NWPX	A	0.03%
BSRR	C	0.03%
KIND	C	0.03%
FMAO	B	0.03%
BCAL	A	0.03%
BALY	A	0.03%
IOSP	C	0.03%
BECN	B	0.03%
PZZA	F	0.03%
PACB	D	0.03%
AURA	C	0.03%
CTO	B	0.03%
LMNR	C	0.03%
AZZ	A	0.03%
FISI	B	0.03%
GMS	B	0.03%
CMPR	F	0.03%
RGNX	D	0.03%
CARE	B	0.03%
BMRC	B	0.03%
CLDT	C	0.03%
SHYF	C	0.03%
TK	C	0.03%
TRDA	C	0.03%
EVGO	C	0.03%
LXU	C	0.03%
CLNE	F	0.03%
RBB	B	0.03%
LASR	F	0.03%
PTVE	B	0.03%
SHBI	B	0.03%
SVC	F	0.03%
HIFS	B	0.03%
NBR	D	0.03%
CALX	F	0.03%
USNA	C	0.03%
CCSI	C	0.03%
NRIX	C	0.03%
DAKT	B	0.03%
WAY	B	0.03%
KE	C	0.03%
RDUS	C	0.03%
ALRS	D	0.03%
ATRO	D	0.03%
PKST	F	0.03%
ERAS	C	0.03%
LPG	F	0.03%
NLOP	B	0.03%
DIN	C	0.03%
ARKO	D	0.03%
FARO	B	0.03%
CHCT	C	0.03%
KRNY	B	0.03%
SPFI	B	0.03%
OLP	B	0.03%
BGS	F	0.03%
ORN	B	0.02%
GENC	C	0.02%
GSAT	C	0.02%
HPK	C	0.02%
LOVE	A	0.02%
OVLY	B	0.02%
BCBP	B	0.02%
ONIT	C	0.02%
TBI	F	0.02%
KRRO	D	0.02%
LCNB	A	0.02%
DBI	F	0.02%
TFIN	B	0.02%
LESL	D	0.02%
HMST	F	0.02%
BWFG	B	0.02%
INBK	B	0.02%
BHR	C	0.02%
PYXS	C	0.02%
UTMD	F	0.02%
NGS	A	0.02%
CBL	A	0.02%
JAKK	C	0.02%
EDIT	F	0.02%
LE	D	0.02%
ULH	B	0.02%
PINE	D	0.02%
MBCN	C	0.02%
HDSN	F	0.02%
ONL	D	0.02%
GDYN	C	0.02%
MGNI	B	0.02%
IHRT	C	0.02%
BRT	A	0.02%
CYH	F	0.02%
FVCB	C	0.02%
REI	F	0.02%
FREY	B	0.02%
SWIM	C	0.02%
BRY	F	0.02%
AMRX	C	0.02%
DH	F	0.02%
PHAT	F	0.02%
NWFL	C	0.02%
VECO	F	0.02%
RNGR	A	0.02%
GCO	C	0.02%
RM	D	0.02%
STRO	F	0.02%
ISTR	B	0.02%
NVAX	F	0.02%
RLGT	B	0.02%
ONEW	F	0.02%
LOB	C	0.02%
WEYS	C	0.02%
PCYO	A	0.02%
AQST	D	0.02%
THRD	D	0.02%
CDXS	B	0.02%
CRMT	F	0.02%
MLNK	C	0.02%
PCB	B	0.02%
OLPX	D	0.02%
AGM	B	0.02%
INGN	C	0.02%
DGICA	A	0.02%
PRTA	F	0.02%
OMER	B	0.02%
CPS	C	0.02%
ILPT	F	0.02%
ORGO	B	0.02%
BLFY	B	0.02%
EYPT	D	0.02%
HY	D	0.02%
TSBK	A	0.02%
ALT	C	0.02%
AVIR	F	0.02%
FSTR	B	0.02%
CRSR	C	0.02%
PDLB	B	0.02%
CCCC	F	0.02%
KRO	F	0.02%
NGVC	A	0.02%
AORT	B	0.02%
TRN	B	0.02%
MLYS	F	0.02%
ODC	C	0.02%
MVBF	C	0.02%
VPG	F	0.02%
ANGO	C	0.02%
PLBC	A	0.02%
IMMR	F	0.02%
NPWR	B	0.02%
FDBC	C	0.02%
MQ	F	0.02%
WSBF	B	0.02%
HLF	C	0.02%
AMPY	F	0.02%
WOW	C	0.02%
APEI	B	0.02%
VYGR	F	0.02%
PKBK	B	0.02%
APLD	B	0.02%
REFI	A	0.02%
SNBR	F	0.02%
FLXS	A	0.02%
FRST	B	0.02%
OLMA	F	0.02%
VLGEA	C	0.02%
BVS	D	0.02%
OSUR	F	0.02%
SMRT	F	0.02%
RGP	F	0.02%
MBI	B	0.02%
ATLC	A	0.02%
HRTG	C	0.02%
OOMA	A	0.02%
BYON	F	0.02%
CBNK	B	0.02%
VNDA	C	0.02%
CLDX	D	0.02%
SAGE	F	0.02%
GOGO	C	0.02%
RRBI	A	0.02%
PACK	B	0.02%
KODK	B	0.02%
LEU	C	0.02%
ESPR	B	0.02%
AMPS	C	0.02%
ALLO	F	0.02%
MOV	D	0.02%
LEGH	D	0.02%
PKOH	B	0.02%
CWCO	C	0.02%
AUPH	C	0.02%
ACMR	F	0.02%
CZFS	B	0.02%
AMCX	C	0.02%
TITN	D	0.02%
IPI	B	0.02%
ZWS	B	0.02%
COFS	A	0.02%
SPOK	B	0.02%
AVBP	C	0.02%
IIIN	C	0.02%
PLPC	B	0.02%
OUST	C	0.02%
CBAN	B	0.02%
FLIC	B	0.02%
CZNC	B	0.02%
GNTY	A	0.02%
SSBK	A	0.02%
OBT	B	0.02%
JMSB	C	0.02%
BCML	B	0.02%
OABI	D	0.02%
FNLC	B	0.02%
GLUE	C	0.02%
ENS	D	0.02%
FSBW	B	0.02%
BWB	B	0.02%
HVT	F	0.02%
LOCO	D	0.02%
ALNT	C	0.02%
VRTS	B	0.02%
BJRI	C	0.02%
SNCY	C	0.02%
CENT	C	0.02%
LMND	A	0.02%
MEI	F	0.02%
BOC	D	0.02%
FRBA	D	0.02%
FNKO	D	0.02%
APLT	B	0.02%
OIS	B	0.02%
EHAB	D	0.02%
MTRX	A	0.02%
DCGO	B	0.02%
LUNR	B	0.02%
SLQT	B	0.02%
ADV	C	0.02%
TERN	F	0.02%
HNRG	B	0.02%
VRDN	D	0.02%
REPX	A	0.02%
AKBA	C	0.02%
SFIX	B	0.02%
HBT	B	0.02%
HTLD	C	0.02%
GRNT	B	0.02%
VERV	D	0.02%
MCFT	C	0.02%
NEWT	B	0.02%
WOOF	D	0.02%
TRC	F	0.02%
SIGA	F	0.01%
LXRX	F	0.01%
PFMT	F	0.01%
TRVI	F	0.01%
ULBI	F	0.01%
QBTS	B	0.01%
EEX	C	0.01%
INBX	F	0.01%
EVCM	B	0.01%
ARHS	D	0.01%
SKYE	D	0.01%
HLLY	F	0.01%
PBYI	C	0.01%
SVRA	F	0.01%
TUSK	F	0.01%
LFMD	C	0.01%
ESQ	B	0.01%
GBIO	F	0.01%
FHTX	C	0.01%
NNE	B	0.01%
ADCT	F	0.01%
WALD	F	0.01%
TNYA	C	0.01%
CAPR	B	0.01%
AOMR	F	0.01%
QSI	B	0.01%
CVGI	F	0.01%
SUNS	B	0.01%
OBIO	D	0.01%
BLNK	F	0.01%
RAPP	C	0.01%
MGTX	C	0.01%
CATX	F	0.01%
BLFS	B	0.01%
CVI	D	0.01%
DIBS	F	0.01%
RMBL	B	0.01%
ACRV	F	0.01%
RIGL	B	0.01%
MVIS	F	0.01%
KALU	C	0.01%
AEVA	D	0.01%
SMMT	D	0.01%
GCMG	A	0.01%
UHT	D	0.01%
MODV	C	0.01%
GYRE	D	0.01%
CPSS	B	0.01%
PLOW	F	0.01%
WBTN	C	0.01%
XOMA	B	0.01%
CEVA	B	0.01%
GRPN	F	0.01%
CTOS	B	0.01%
PGEN	F	0.01%
DENN	D	0.01%
TTEC	F	0.01%
AVAH	B	0.01%
URGN	F	0.01%
ABOS	D	0.01%
RCKY	F	0.01%
RMNI	C	0.01%
FRGE	F	0.01%
GRWG	F	0.01%
TPIC	F	0.01%
CABA	F	0.01%
SIBN	F	0.01%
QUAD	C	0.01%
FCEL	B	0.01%
CCB	A	0.01%
COOK	D	0.01%
PAL	F	0.01%
CASS	B	0.01%
NAUT	F	0.01%
POWW	F	0.01%
MCW	C	0.01%
FULC	F	0.01%
SLDB	F	0.01%
SBT	C	0.01%
CTRN	F	0.01%
CTGO	D	0.01%
VTYX	F	0.01%
HEAR	C	0.01%
SSP	F	0.01%
III	C	0.01%
BOOM	F	0.01%
SEZL	B	0.01%
INO	F	0.01%
GNE	F	0.01%
NC	C	0.01%
BKSY	B	0.01%
SAVE	F	0.01%
SPCE	D	0.01%
CMT	F	0.01%
REAL	B	0.01%
MRSN	C	0.01%
CSV	B	0.01%
MYFW	B	0.01%
PTLO	F	0.01%
EPM	A	0.01%
HRTX	F	0.01%
TTSH	D	0.01%
CLAR	F	0.01%
TWIN	F	0.01%
PX	A	0.01%
TBBK	B	0.01%
APPS	F	0.01%
NODK	A	0.01%
VRA	D	0.01%
BBCP	C	0.01%
HFFG	C	0.01%
PNRG	A	0.01%
PEBK	B	0.01%
EVC	C	0.01%
XBIT	F	0.01%
WULF	C	0.01%
CRNC	F	0.01%
ESCA	B	0.01%
CMPX	F	0.01%
FF	F	0.01%
STRS	B	0.01%
NREF	A	0.01%
ADVM	F	0.01%
NKTX	F	0.01%
PSTX	D	0.01%
PBFS	A	0.01%
PRKS	B	0.01%
EML	D	0.01%
MHLD	D	0.01%
ACDC	C	0.01%
ATOS	F	0.01%
FLL	F	0.01%
AMTX	C	0.01%
LFCR	B	0.01%
LIND	B	0.01%
DXLG	D	0.01%
JRVR	F	0.01%
AVD	C	0.01%
SMHI	F	0.01%
LNKB	B	0.01%
NATR	B	0.01%
JOUT	F	0.01%
GBTG	A	0.01%
NRGV	C	0.01%
PLL	D	0.01%
BKD	F	0.01%
CON	C	0.01%
MYPS	C	0.01%
BH	A	0.01%
MTRN	C	0.01%
GEOS	C	0.01%
ALTI	C	0.01%
IBRX	C	0.01%
FLWS	D	0.01%
HEES	C	0.01%
WOR	F	0.01%
RSVR	A	0.01%
FDMT	F	0.01%
FFNW	C	0.01%
PKE	B	0.01%
VIRC	C	0.01%
GPRO	F	0.01%
AFCG	D	0.01%
SSTK	F	0.01%
STHO	F	0.01%
SLDP	F	0.01%
INZY	F	0.01%
RGCO	C	0.01%
PAR	A	0.01%
LYTS	B	0.01%
BELFA	D	0.01%
NVRO	F	0.01%
TPB	A	0.01%
SXT	C	0.01%
AVNW	F	0.01%
WVE	C	0.01%
CTV	F	0.01%
RXT	C	0.01%
ARQ	B	0.01%
NGNE	F	0.01%
RDW	B	0.01%
ATLO	D	0.01%
FET	F	0.01%
ACCD	F	0.01%
CRBU	D	0.01%
HBB	F	0.01%
PVBC	B	0.01%
SONO	C	0.01%
ALCO	F	0.01%
FSLY	F	0.01%
GPMT	B	0.01%
IBEX	A	0.01%
SRI	F	0.01%
SAMG	B	0.01%
LSEA	F	0.01%
IRBT	F	0.01%
ZVRA	A	0.01%
CHGG	C	0.01%
CHMG	B	0.01%
MFIN	B	0.01%
ACTG	F	0.01%
EU	D	0.01%
HOFT	C	0.01%
BLDE	D	0.01%
DSGN	C	0.01%
RELL	B	0.01%
TSVT	F	0.01%
USCB	B	0.01%
ONTF	C	0.01%
LYEL	F	0.01%
MITT	D	0.01%
NNBR	C	0.01%
ESSA	B	0.01%
ALDX	D	0.01%
ANIK	D	0.01%
BOW	A	0.01%
TLS	D	0.01%
ACIC	B	0.01%
NXDT	F	0.01%
PSTL	D	0.01%
SGC	C	0.01%
SRDX	B	0.01%
SEVN	C	0.01%
KOD	B	0.01%
ENTA	F	0.01%
MEC	F	0.01%
BSVN	A	0.01%
FSP	C	0.01%
NVTS	F	0.01%
MG	F	0.01%
PTON	B	0.01%
MED	D	0.01%
CHPT	F	0.01%
NKSH	C	0.01%
BARK	C	0.01%
RICK	C	0.01%
FORR	C	0.01%
ZNTL	D	0.01%
TG	D	0.01%
RGTI	C	0.01%
CIO	F	0.01%
NKTR	F	0.01%
BPRN	C	0.01%
VEL	A	0.01%
PANL	F	0.01%
ASUR	C	0.01%
RMAX	D	0.01%
SRRK	B	0.01%
ASLE	C	0.01%
QTTB	F	0.01%
FATE	F	0.01%
LILA	D	0.01%
OB	B	0.01%
VYX	B	0.01%
VABK	B	0.01%
ATNI	F	0.01%
CDT	F	0.0%
SMXT	C	0.0%
MGX	F	0.0%
MOND	F	0.0%
TELO	F	0.0%
LVO	F	0.0%
RENB	F	0.0%
PEPG	F	0.0%
BOLD	F	0.0%
BTMD	C	0.0%
REKR	F	0.0%
LXEO	F	0.0%
SVCO	F	0.0%
ELEV	D	0.0%
IGMS	F	0.0%
EWCZ	F	0.0%
RDZN	F	0.0%
ARAY	D	0.0%
EVI	F	0.0%
SSTI	D	0.0%
HQI	B	0.0%
JILL	D	0.0%
STXS	C	0.0%
PRLD	F	0.0%
BRCC	F	0.0%
DTI	F	0.0%
AKA	D	0.0%
MLP	C	0.0%
STTK	F	0.0%
CLPR	D	0.0%
TVGN	D	0.0%
ARL	D	0.0%
VERU	F	0.0%
CELC	F	0.0%
MKTW	F	0.0%
GALT	C	0.0%
GUTS	F	0.0%
MRAM	C	0.0%
DMRC	B	0.0%
VCSA	D	0.0%
KYTX	F	0.0%
CTLP	B	0.0%
BAER	C	0.0%
DTC	F	0.0%
GOEV	F	0.0%
ABUS	D	0.0%
SES	F	0.0%
BDTX	F	0.0%
OPAD	C	0.0%
OTLK	D	0.0%
SLND	F	0.0%
RAPT	F	0.0%
EB	C	0.0%
TCI	D	0.0%
SNDA	D	0.0%
DLHC	F	0.0%
PROK	D	0.0%
ANRO	F	0.0%
TREE	F	0.0%
SCLX	F	0.0%
MGNX	D	0.0%
MPX	C	0.0%
HOWL	F	0.0%
WRLD	D	0.0%
LAZR	F	0.0%
ARCT	F	0.0%
CTNM	F	0.0%
CDMO	A	0.0%
HLVX	F	0.0%
AGEN	F	0.0%
BBAI	C	0.0%
DSGR	C	0.0%
CRCT	F	0.0%
ALMS	F	0.0%
BFS	C	0.0%
PRPL	F	0.0%
GOCO	C	0.0%
ELVN	C	0.0%
CMPO	B	0.0%
EAF	C	0.0%
STEM	F	0.0%
LIF	C	0.0%
IPSC	F	0.0%
DC	F	0.0%
ACHV	F	0.0%
MASS	F	0.0%
ARTV	F	0.0%
LAW	F	0.0%
BAND	D	0.0%
HBIO	F	0.0%
IVVD	F	0.0%
CRMD	C	0.0%
ACHR	B	0.0%
TCRX	F	0.0%
ARDT	F	0.0%
CHRS	D	0.0%
COGT	D	0.0%
NL	B	0.0%
TDUP	C	0.0%
BLUE	F	0.0%
SWKH	F	0.0%
ABSI	F	0.0%
MXL	C	0.0%
INNV	F	0.0%
CRDF	D	0.0%
CYRX	F	0.0%
VHI	D	0.0%
OSPN	A	0.0%
RGLS	F	0.0%
ATXS	F	0.0%
TLYS	F	0.0%
CBUS	D	0.0%
CRBP	F	0.0%
LCUT	F	0.0%

IWN Underweight 174 Positions Relative to SMMV

Symbol	Grade	Weight
EXEL	B	-1.73%
MUSA	B	-1.6%
ORI	A	-1.57%
ATR	B	-1.49%
ADC	A	-1.45%
RGLD	C	-1.39%
CHE	D	-1.32%
AXS	A	-1.32%
RLI	A	-1.25%
HQY	A	-1.23%
OGE	A	-1.16%
UNM	A	-1.16%
DTM	A	-1.14%
IDA	A	-1.12%
RGA	B	-1.11%
THG	A	-1.11%
EHC	B	-1.08%
SFM	B	-1.07%
ENSG	D	-1.06%
WTM	A	-0.93%
RNR	C	-0.93%
PNW	A	-0.91%
GNTX	F	-0.9%
PSN	D	-0.87%
FLO	D	-0.82%
CACI	D	-0.81%
LSTR	D	-0.81%
DLB	B	-0.81%
CASY	A	-0.79%
BWXT	B	-0.78%
POST	C	-0.77%
NEU	D	-0.75%
BJ	B	-0.73%
INGR	B	-0.72%
ALKS	C	-0.71%
CW	B	-0.71%
LRN	A	-0.7%
LOPE	B	-0.69%
RYAN	B	-0.69%
PAGP	A	-0.68%
TKO	A	-0.66%
CCOI	B	-0.66%
MSGS	A	-0.64%
BRC	C	-0.63%
TXRH	B	-0.62%
FCN	D	-0.61%
OHI	C	-0.6%
WEN	D	-0.6%
VNOM	A	-0.59%
MDU	D	-0.59%
CCCS	B	-0.59%
INSM	C	-0.58%
MSM	D	-0.57%
AMED	F	-0.56%
IBKR	A	-0.54%
HESM	A	-0.54%
PINC	B	-0.51%
PRGS	B	-0.51%
VIRT	A	-0.5%
FCFS	F	-0.49%
CWAN	B	-0.48%
HRB	D	-0.47%
DRS	B	-0.47%
JJSF	C	-0.47%
PCVX	D	-0.47%
ECG	D	-0.46%
IONS	F	-0.45%
CSWI	B	-0.45%
MSA	D	-0.44%
SON	D	-0.43%
HURN	B	-0.42%
JAZZ	B	-0.42%
KBR	F	-0.42%
NYT	D	-0.4%
EQC	A	-0.4%
HLI	A	-0.38%
AM	A	-0.36%
CWST	A	-0.35%
XENE	D	-0.34%
BATRK	D	-0.34%
AVT	C	-0.34%
REYN	D	-0.33%
AGX	B	-0.33%
MGRC	B	-0.33%
AVPT	A	-0.33%
SNDR	A	-0.32%
VRRM	F	-0.32%
LANC	D	-0.32%
SMPL	B	-0.31%
IDCC	B	-0.31%
SNX	C	-0.31%
DCI	B	-0.31%
CORT	B	-0.3%
USLM	B	-0.3%
GO	C	-0.3%
NSIT	F	-0.3%
WT	A	-0.28%
DBX	C	-0.28%
MIRM	B	-0.28%
HWKN	B	-0.28%
CRNX	B	-0.27%
VVV	D	-0.27%
CRAI	B	-0.25%
YELP	C	-0.25%
SAIC	F	-0.25%
OSW	B	-0.25%
SCI	B	-0.25%
IDYA	F	-0.24%
OLLI	D	-0.24%
PPC	B	-0.24%
MMS	D	-0.23%
ASH	F	-0.23%
ADMA	B	-0.21%
PJT	B	-0.2%
CHH	A	-0.19%
EDR	A	-0.19%
RARE	F	-0.18%
ATEN	A	-0.18%
COLL	F	-0.18%
KRP	B	-0.18%
KNSA	F	-0.16%
PRGO	C	-0.15%
CIEN	B	-0.15%
ICFI	F	-0.15%
SLGN	A	-0.14%
JBSS	F	-0.14%
BLKB	C	-0.14%
GTX	D	-0.13%
LBTYK	A	-0.13%
KRYS	C	-0.13%
LMAT	A	-0.12%
HALO	F	-0.12%
GPK	D	-0.11%
LQDT	B	-0.11%
USM	B	-0.11%
ACLX	C	-0.11%
NTNX	B	-0.11%
SNRE	D	-0.1%
ALRM	C	-0.1%
ACEL	C	-0.1%
NABL	F	-0.1%
CRVL	A	-0.09%
GWRE	A	-0.09%
HCI	C	-0.09%
EPAC	B	-0.09%
SPRY	C	-0.09%
FC	F	-0.08%
DORM	B	-0.08%
EWTX	C	-0.08%
TARS	C	-0.08%
ITCI	B	-0.08%
VITL	D	-0.08%
IMAX	A	-0.07%
BOX	B	-0.07%
LQDA	F	-0.07%
NRC	F	-0.06%
IMXI	B	-0.06%
COKE	C	-0.06%
CART	C	-0.06%
RAMP	C	-0.06%
UTI	B	-0.06%
ACHC	F	-0.06%
IRMD	B	-0.05%
IMNM	F	-0.05%
METC	C	-0.05%
ACAD	C	-0.05%
AESI	B	-0.05%
KROS	D	-0.05%
USPH	B	-0.05%
SEB	F	-0.05%
BATRA	F	-0.05%
TH	C	-0.04%
MITK	D	-0.03%
ANAB	F	-0.03%