IWO vs. FLQS ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS)

IWO

iShares Russell 2000 Growth ETF

IWO Description

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

Grade (RS Rating)

Last Trade

$283.59

Average Daily Volume

329,306

Number of Holdings ^*

1081

* may have additional holdings in another (foreign) market

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$41.32

Average Daily Volume

2,776

Number of Holdings ^*

465

* may have additional holdings in another (foreign) market

Performance

Period	IWO	FLQS
30 Days	1.00%	-0.96%
60 Days	1.18%	-1.03%
90 Days	7.16%	-0.22%
12 Months	34.84%	25.20%

270 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in FLQS	Overlap
ACAD	F	0.13%	0.24%	0.13%
ACIW	C	0.39%	0.37%	0.37%
ACLS	F	0.22%	0.36%	0.22%
AEO	F	0.21%	0.52%	0.21%
AESI	F	0.1%	0.09%	0.09%
AGYS	D	0.19%	0.18%	0.18%
AIT	A	0.66%	1.16%	0.66%
ALG	C	0.13%	0.24%	0.13%
ALKS	F	0.33%	0.71%	0.33%
ALX	D	0.04%	0.03%	0.03%
AMN	F	0.11%	0.24%	0.11%
AMR	F	0.17%	0.3%	0.17%
ANF	F	0.53%	0.88%	0.53%
AORT	A	0.06%	0.08%	0.06%
APAM	A	0.2%	0.2%	0.2%
APEI	B	0.0%	0.01%	0.0%
APOG	A	0.04%	0.18%	0.04%
AROC	D	0.25%	0.32%	0.25%
ASO	F	0.07%	0.55%	0.07%
ATEN	A	0.08%	0.17%	0.08%
ATGE	A	0.04%	0.36%	0.04%
ATKR	F	0.23%	0.42%	0.23%
ATRC	A	0.07%	0.17%	0.07%
AWR	C	0.13%	0.45%	0.13%
AXGN	B	0.04%	0.07%	0.04%
BASE	C	0.05%	0.05%	0.05%
BBSI	D	0.06%	0.14%	0.06%
BBW	A	0.04%	0.08%	0.04%
BCC	D	0.19%	0.74%	0.19%
BCO	D	0.34%	0.73%	0.34%
BDC	B	0.19%	0.59%	0.19%
BKE	C	0.1%	0.23%	0.1%
BLKB	D	0.26%	0.5%	0.26%
BLMN	F	0.05%	0.26%	0.05%
BMI	D	0.44%	0.89%	0.44%
BOX	D	0.34%	0.62%	0.34%
BSVN	B	0.0%	0.01%	0.0%
BTMD	D	0.01%	0.01%	0.01%
BWMN	F	0.02%	0.03%	0.02%
CAKE	A	0.15%	0.37%	0.15%
CAL	F	0.02%	0.18%	0.02%
CALM	B	0.02%	0.55%	0.02%
CALX	D	0.12%	0.28%	0.12%
CARG	B	0.21%	0.32%	0.21%
CASS	B	0.04%	0.07%	0.04%
CBRL	C	0.02%	0.2%	0.02%
CDXC	A	0.01%	0.01%	0.01%
CENT	D	0.01%	0.05%	0.01%
CENTA	D	0.02%	0.23%	0.02%
CHCO	A	0.01%	0.22%	0.01%
CHCT	B	0.0%	0.06%	0.0%
CIX	C	0.0%	0.01%	0.0%
CMPO	B	0.02%	0.03%	0.02%
CMPR	F	0.07%	0.22%	0.07%
CNMD	D	0.14%	0.27%	0.14%
COLL	F	0.08%	0.09%	0.08%
CORT	B	0.28%	0.56%	0.28%
CPRX	A	0.18%	0.33%	0.18%
CRAI	B	0.09%	0.17%	0.09%
CRGY	B	0.03%	0.11%	0.03%
CRVL	D	0.2%	0.38%	0.2%
CSGS	D	0.11%	0.23%	0.11%
CSWI	B	0.45%	0.81%	0.45%
CTRE	A	0.03%	0.56%	0.03%
CURV	F	0.0%	0.01%	0.0%
CVI	F	0.06%	0.1%	0.06%
CVLT	B	0.4%	1.05%	0.4%
CWH	F	0.07%	0.13%	0.07%
CWT	D	0.06%	0.42%	0.06%
CYH	D	0.02%	0.1%	0.02%
DFIN	F	0.08%	0.22%	0.08%
DJCO	A	0.04%	0.05%	0.04%
DORM	A	0.22%	0.21%	0.21%
DXPE	C	0.0%	0.1%	0.0%
EGAN	D	0.01%	0.01%	0.01%
EGY	F	0.0%	0.08%	0.0%
EMBC	C	0.01%	0.13%	0.01%
ENFN	A	0.03%	0.05%	0.03%
ENR	B	0.17%	0.25%	0.17%
EPAC	A	0.18%	0.16%	0.16%
EPM	F	0.0%	0.02%	0.0%
ESE	A	0.12%	0.43%	0.12%
EVER	F	0.03%	0.03%	0.03%
EXPO	D	0.4%	0.85%	0.4%
EXTR	B	0.07%	0.26%	0.07%
FBIZ	C	0.0%	0.05%	0.0%
FC	D	0.03%	0.07%	0.03%
FELE	D	0.35%	0.7%	0.35%
FIGS	B	0.0%	0.13%	0.0%
FIZZ	B	0.08%	0.18%	0.08%
FLWS	B	0.0%	0.03%	0.0%
FOR	F	0.01%	0.07%	0.01%
FSS	F	0.38%	0.37%	0.37%
FTDR	B	0.29%	0.56%	0.29%
GCMG	B	0.04%	0.03%	0.03%
GCO	F	0.01%	0.05%	0.01%
GFF	F	0.18%	0.18%	0.18%
GIC	F	0.03%	0.08%	0.03%
GMS	A	0.24%	0.6%	0.24%
GOLF	D	0.13%	0.33%	0.13%
GPOR	F	0.07%	0.2%	0.07%
GRC	D	0.06%	0.11%	0.06%
GWRS	D	0.01%	0.02%	0.01%
HBIO	F	0.0%	0.01%	0.0%
HCKT	D	0.04%	0.1%	0.04%
HEES	B	0.12%	0.21%	0.12%
HI	F	0.05%	0.24%	0.05%
HIMS	B	0.3%	0.39%	0.3%
HLIT	F	0.12%	0.19%	0.12%
HNI	D	0.09%	0.4%	0.09%
HRMY	D	0.08%	0.12%	0.08%
HTLD	F	0.02%	0.08%	0.02%
HURN	A	0.14%	0.18%	0.14%
HWKN	D	0.17%	0.25%	0.17%
HY	D	0.03%	0.08%	0.03%
IBP	F	0.41%	0.87%	0.41%
IBTA	A	0.04%	0.04%	0.04%
ICFI	B	0.23%	0.48%	0.23%
IDCC	A	0.28%	0.47%	0.28%
IDT	B	0.04%	0.1%	0.04%
IESC	A	0.13%	0.22%	0.13%
IMXI	F	0.04%	0.1%	0.04%
INFU	F	0.01%	0.02%	0.01%
INVA	C	0.01%	0.17%	0.01%
IOSP	F	0.17%	0.39%	0.17%
IPAR	D	0.16%	0.36%	0.16%
IRMD	C	0.03%	0.06%	0.03%
IRWD	F	0.01%	0.08%	0.01%
JACK	C	0.07%	0.11%	0.07%
JBSS	F	0.06%	0.12%	0.06%
JILL	F	0.01%	0.02%	0.01%
JJSF	C	0.19%	0.3%	0.19%
JYNT	D	0.01%	0.02%	0.01%
KAI	A	0.28%	0.55%	0.28%
KFRC	D	0.08%	0.18%	0.08%
KREF	D	0.01%	0.08%	0.01%
KRT	C	0.01%	0.02%	0.01%
KTB	A	0.32%	0.79%	0.32%
LANC	B	0.26%	0.45%	0.26%
LCII	D	0.21%	0.39%	0.21%
LMAT	B	0.13%	0.24%	0.13%
LOVE	B	0.02%	0.05%	0.02%
LPG	F	0.04%	0.08%	0.04%
LQDT	D	0.03%	0.07%	0.03%
LRN	A	0.29%	0.42%	0.29%
LWAY	B	0.01%	0.01%	0.01%
LYTS	A	0.02%	0.05%	0.02%
MAPS	F	0.0%	0.01%	0.0%
MCRI	A	0.07%	0.15%	0.07%
MCW	A	0.04%	0.04%	0.04%
MCY	B	0.02%	0.23%	0.02%
MDXG	C	0.02%	0.09%	0.02%
METC	F	0.02%	0.03%	0.02%
METCB	F	0.0%	0.01%	0.0%
MGEE	C	0.11%	0.43%	0.11%
MGRC	A	0.19%	0.34%	0.19%
MGY	C	0.31%	0.58%	0.31%
MITK	D	0.03%	0.04%	0.03%
MLI	A	0.63%	1.1%	0.63%
MLR	A	0.0%	0.1%	0.0%
MMSI	B	0.41%	0.66%	0.41%
MOG.A	C	0.41%	0.67%	0.41%
MPX	F	0.0%	0.01%	0.0%
MRTN	F	0.01%	0.13%	0.01%
MWA	B	0.25%	0.44%	0.25%
MYE	F	0.03%	0.07%	0.03%
NARI	A	0.17%	0.31%	0.17%
NATH	A	0.01%	0.03%	0.01%
NATR	D	0.0%	0.02%	0.0%
NGVC	B	0.01%	0.04%	0.01%
NMIH	D	0.02%	0.45%	0.02%
NOG	F	0.02%	0.42%	0.02%
NRC	F	0.02%	0.05%	0.02%
NRDS	B	0.03%	0.06%	0.03%
NSIT	F	0.44%	0.84%	0.44%
NSP	F	0.23%	0.43%	0.23%
NSSC	F	0.1%	0.21%	0.1%
NTIC	C	0.01%	0.01%	0.01%
NVEC	F	0.03%	0.05%	0.03%
NVEE	D	0.02%	0.19%	0.02%
ODC	C	0.01%	0.04%	0.01%
OFLX	C	0.01%	0.03%	0.01%
OOMA	A	0.0%	0.05%	0.0%
OPCH	F	0.18%	0.35%	0.18%
ORGO	D	0.0%	0.03%	0.0%
OSIS	F	0.15%	0.33%	0.15%
OSPN	B	0.04%	0.08%	0.04%
OTTR	F	0.11%	0.39%	0.11%
OXM	F	0.06%	0.19%	0.06%
PAHC	B	0.01%	0.08%	0.01%
PATK	F	0.22%	0.4%	0.22%
PBPB	F	0.02%	0.03%	0.02%
PBYI	C	0.0%	0.01%	0.0%
PDCO	F	0.02%	0.28%	0.02%
PFIS	A	0.01%	0.04%	0.01%
PFMT	A	0.01%	0.04%	0.01%
PJT	B	0.25%	0.23%	0.23%
PLPC	A	0.0%	0.04%	0.0%
PLUS	C	0.13%	0.39%	0.13%
PLXS	A	0.09%	0.37%	0.09%
PRGS	B	0.2%	0.39%	0.2%
PRIM	A	0.22%	0.22%	0.22%
PRO	C	0.06%	0.1%	0.06%
PSMT	C	0.11%	0.33%	0.11%
PTLO	A	0.04%	0.08%	0.04%
PTSI	D	0.0%	0.02%	0.0%
PZZA	A	0.09%	0.25%	0.09%
QLYS	F	0.33%	0.7%	0.33%
RCKY	F	0.01%	0.03%	0.01%
REAL	C	0.02%	0.02%	0.02%
REPX	F	0.0%	0.04%	0.0%
REVG	D	0.08%	0.11%	0.08%
RGR	F	0.01%	0.1%	0.01%
RM	D	0.0%	0.04%	0.0%
RMBS	C	0.34%	0.62%	0.34%
RMNI	D	0.0%	0.02%	0.0%
RVLV	B	0.07%	0.16%	0.07%
SAH	C	0.02%	0.12%	0.02%
SEMR	D	0.03%	0.03%	0.03%
SFL	F	0.02%	0.19%	0.02%
SFM	A	0.89%	1.41%	0.89%
SGC	B	0.0%	0.02%	0.0%
SHOO	D	0.24%	0.54%	0.24%
SIGA	D	0.02%	0.05%	0.02%
SIGI	C	0.36%	0.67%	0.36%
SKT	B	0.11%	0.53%	0.11%
SLVM	B	0.05%	0.37%	0.05%
SMLR	C	0.01%	0.02%	0.01%
SONO	C	0.1%	0.2%	0.1%
SPSC	F	0.53%	0.98%	0.53%
SRDX	D	0.02%	0.05%	0.02%
SSTK	D	0.04%	0.11%	0.04%
STKS	F	0.01%	0.01%	0.01%
SWBI	D	0.0%	0.08%	0.0%
SXI	A	0.12%	0.28%	0.12%
SXT	C	0.23%	0.44%	0.23%
TH	F	0.02%	0.03%	0.02%
THR	F	0.01%	0.09%	0.01%
TILE	A	0.01%	0.08%	0.01%
TMCI	F	0.02%	0.03%	0.02%
TNC	F	0.06%	0.27%	0.06%
TNET	F	0.22%	0.38%	0.22%
TPB	A	0.05%	0.05%	0.05%
TTSH	A	0.0%	0.03%	0.0%
UFPI	C	0.33%	1.05%	0.33%
UFPT	D	0.15%	0.27%	0.15%
UHT	D	0.03%	0.07%	0.03%
ULH	B	0.01%	0.04%	0.01%
UPBD	D	0.11%	0.25%	0.11%
UPWK	A	0.12%	0.08%	0.08%
UTI	A	0.05%	0.09%	0.05%
VCEL	D	0.15%	0.14%	0.14%
VCTR	A	0.18%	0.26%	0.18%
VIRC	D	0.0%	0.01%	0.0%
VITL	C	0.08%	0.09%	0.08%
VRNS	D	0.46%	0.45%	0.45%
WDFC	A	0.27%	0.56%	0.27%
WERN	A	0.02%	0.39%	0.02%
WK	C	0.3%	0.43%	0.3%
WRLD	D	0.03%	0.07%	0.03%
WTS	D	0.4%	0.81%	0.4%
WWW	C	0.09%	0.17%	0.09%
XPEL	F	0.07%	0.13%	0.07%
YELP	F	0.16%	0.35%	0.16%
YEXT	A	0.05%	0.09%	0.05%
YMAB	A	0.04%	0.03%	0.03%
YORW	F	0.01%	0.08%	0.01%
YOU	A	0.23%	0.25%	0.23%
ZIP	F	0.05%	0.1%	0.05%
ZYXI	C	0.01%	0.02%	0.01%

IWO Overweight 811 Positions Relative to FLQS

Symbol	Grade	Weight
FTAI	A	1.08%
PCVX	C	1.0%
INSM	D	0.84%
FN	B	0.66%
FLR	B	0.61%
ENSG	A	0.61%
LNTH	C	0.56%
CRS	B	0.55%
HQY	B	0.55%
SPXC	D	0.53%
HLNE	A	0.51%
GKOS	B	0.48%
MOD	C	0.48%
CWST	D	0.47%
RHP	B	0.47%
HALO	B	0.46%
EXLS	A	0.46%
NOVT	C	0.46%
HRI	A	0.44%
ALTR	B	0.44%
CBT	B	0.44%
BECN	B	0.42%
AVAV	B	0.42%
DY	C	0.41%
CHX	F	0.41%
MMS	D	0.4%
BCPC	C	0.4%
BPMC	C	0.39%
GTLS	B	0.39%
KNF	A	0.39%
PIPR	B	0.38%
CRNX	B	0.38%
QTWO	A	0.37%
ZWS	A	0.37%
CRDO	A	0.37%
FFIN	D	0.36%
TENB	D	0.36%
RNA	C	0.36%
ZETA	C	0.35%
RVMD	A	0.35%
BOOT	D	0.35%
STRL	B	0.34%
RDNT	D	0.33%
VRRM	F	0.33%
PI	C	0.33%
KRYS	C	0.32%
SHAK	A	0.31%
ITRI	A	0.31%
CWAN	B	0.3%
AEIS	A	0.3%
MARA	D	0.3%
WHD	B	0.29%
STEP	B	0.29%
RKLB	A	0.29%
TMDX	F	0.29%
BHVN	B	0.29%
UPST	B	0.29%
FCFS	F	0.29%
ACLX	B	0.28%
EAT	A	0.28%
HAE	F	0.28%
RXO	B	0.28%
AXNX	A	0.27%
ADMA	B	0.27%
CCOI	B	0.27%
ENS	F	0.27%
SG	A	0.27%
SLAB	F	0.27%
FOLD	B	0.26%
CVCO	A	0.26%
POWI	C	0.26%
MDGL	A	0.26%
SITM	B	0.25%
OSCR	C	0.25%
ATMU	B	0.25%
NXT	C	0.25%
BWIN	C	0.25%
FORM	F	0.25%
ROAD	B	0.25%
UEC	B	0.24%
CBZ	B	0.24%
TGTX	A	0.24%
AXSM	C	0.24%
NUVL	D	0.24%
AUR	B	0.24%
MC	D	0.24%
BL	B	0.24%
SMPL	C	0.23%
IONQ	B	0.23%
NE	F	0.22%
ITGR	D	0.22%
ENV	A	0.22%
TDW	F	0.22%
GVA	A	0.22%
CNS	B	0.21%
PRCT	A	0.21%
SMTC	B	0.21%
ACVA	F	0.2%
TRN	C	0.2%
IOVA	B	0.2%
WD	C	0.2%
DOCN	B	0.2%
PTGX	B	0.2%
RYTM	D	0.2%
CLSK	C	0.2%
HGV	C	0.2%
FUN	C	0.2%
EWTX	B	0.19%
VC	F	0.19%
DYN	F	0.19%
TBBK	D	0.19%
ALRM	F	0.19%
EVH	D	0.19%
ARWR	F	0.18%
RPD	C	0.18%
GH	D	0.18%
ASTH	C	0.18%
FRSH	C	0.18%
PTCT	B	0.18%
ARCB	F	0.18%
SEM	B	0.18%
JOBY	D	0.18%
IDYA	F	0.18%
IRTC	C	0.18%
GSHD	A	0.18%
HBI	A	0.18%
OII	D	0.18%
CNK	A	0.18%
SKY	C	0.17%
VERX	B	0.17%
PLMR	D	0.17%
TWST	F	0.17%
POWL	A	0.17%
KLIC	B	0.17%
FLYW	C	0.16%
AI	C	0.16%
BBIO	D	0.16%
COOP	D	0.16%
MQ	A	0.16%
RELY	A	0.16%
COMP	B	0.16%
KYMR	C	0.16%
KWR	D	0.16%
PTON	A	0.15%
INTA	B	0.15%
APGE	A	0.15%
SWTX	D	0.15%
VAL	F	0.15%
BATRK	C	0.15%
MTRN	D	0.15%
BRZE	F	0.15%
PAR	A	0.15%
TNDM	F	0.15%
EVTC	D	0.15%
DRS	A	0.15%
AZZ	D	0.14%
KOS	F	0.14%
MYRG	B	0.14%
DNLI	C	0.14%
AMPH	A	0.14%
JOE	F	0.14%
CORZ	B	0.14%
LBPH	A	0.14%
NATL	D	0.14%
OCUL	B	0.13%
VYX	F	0.13%
BCRX	A	0.13%
PRKS	B	0.13%
ALKT	B	0.13%
ARVN	C	0.13%
OSW	A	0.13%
TRUP	A	0.13%
NVCR	F	0.13%
KROS	A	0.13%
PRVA	B	0.13%
IMVT	F	0.13%
PAYO	B	0.13%
RXST	D	0.13%
SRRK	B	0.13%
TFIN	B	0.13%
VERA	A	0.12%
SNDX	F	0.12%
TGLS	B	0.12%
RAMP	D	0.12%
KTOS	C	0.12%
SMMT	C	0.12%
HROW	C	0.12%
GERN	C	0.12%
PD	C	0.12%
PACS	A	0.12%
ENVX	D	0.12%
LAUR	A	0.12%
BE	D	0.12%
AVDX	C	0.11%
TARS	A	0.11%
SMR	B	0.11%
WT	B	0.11%
CLDX	F	0.11%
STAA	F	0.11%
JANX	A	0.11%
WRBY	A	0.11%
RXRX	F	0.11%
PFSI	D	0.11%
AGX	A	0.11%
AGM	D	0.11%
MIRM	B	0.11%
AVPT	A	0.11%
SOUN	B	0.11%
UCTT	F	0.11%
KURA	F	0.1%
APPN	A	0.1%
MNKD	A	0.1%
PGNY	F	0.1%
BLBD	F	0.1%
WULF	B	0.1%
SPT	F	0.1%
VECO	F	0.1%
ARDX	D	0.1%
MGNI	D	0.1%
CHEF	D	0.1%
ZUO	A	0.1%
INFN	B	0.1%
JBI	F	0.1%
JAMF	D	0.1%
NGVT	C	0.09%
RRR	F	0.09%
FUL	F	0.09%
RDFN	C	0.09%
PLAY	C	0.09%
AVDL	C	0.09%
PRAX	B	0.09%
SLNO	A	0.09%
SFBS	A	0.09%
USPH	F	0.09%
MTTR	C	0.09%
VRTS	B	0.09%
LOB	D	0.09%
FLNC	B	0.09%
THRM	D	0.09%
KALU	B	0.08%
PHR	F	0.08%
COGT	B	0.08%
ARLO	F	0.08%
SOC	B	0.08%
CGON	F	0.08%
EXPI	B	0.08%
COUR	F	0.08%
ALHC	A	0.08%
HLIO	A	0.08%
VRDN	B	0.08%
USLM	A	0.08%
OUT	C	0.08%
NVAX	F	0.08%
WOR	F	0.08%
NMRA	F	0.08%
PWP	A	0.08%
CTS	A	0.08%
AMRX	B	0.08%
TRNS	F	0.08%
NRIX	B	0.08%
TPH	D	0.08%
SAVA	D	0.08%
ADEA	A	0.08%
DVAX	A	0.08%
KLG	F	0.08%
RCKT	F	0.08%
AMBA	B	0.08%
MXL	D	0.08%
COCO	A	0.08%
SHLS	F	0.07%
ADUS	D	0.07%
IE	B	0.07%
NABL	F	0.07%
ARQT	D	0.07%
CLB	A	0.07%
PDFS	F	0.07%
OEC	F	0.07%
DFH	F	0.07%
CXM	F	0.07%
WLY	A	0.07%
CENX	B	0.07%
ARRY	D	0.07%
PNTG	D	0.07%
ASGN	F	0.07%
ROCK	D	0.07%
QNST	A	0.07%
ELVN	B	0.07%
LZ	C	0.07%
RCUS	F	0.07%
CDRE	D	0.07%
ASAN	D	0.07%
WVE	B	0.07%
DNUT	C	0.07%
VZIO	C	0.07%
SDGR	F	0.07%
HCI	B	0.07%
KNSA	D	0.07%
ERII	A	0.07%
BKD	D	0.07%
FSLY	D	0.06%
BSIG	A	0.06%
KBH	D	0.06%
SPRY	B	0.06%
TTGT	C	0.06%
CECO	F	0.06%
ANIP	F	0.06%
WAY	A	0.06%
UDMY	C	0.06%
AMSC	A	0.06%
MRVI	F	0.06%
BLND	C	0.06%
LMND	A	0.06%
RSI	A	0.06%
MGPI	F	0.06%
GBTG	A	0.06%
VVI	B	0.06%
XMTR	B	0.06%
AGL	F	0.06%
BTSG	A	0.06%
LMB	B	0.06%
SM	F	0.06%
MEG	F	0.06%
IMAX	A	0.06%
DRVN	A	0.06%
LEU	A	0.06%
EOLS	A	0.06%
IMNM	F	0.05%
URBN	F	0.05%
PUBM	D	0.05%
CRMD	B	0.05%
CCB	A	0.05%
ANAB	F	0.05%
GSAT	C	0.05%
LQDA	C	0.05%
GRBK	D	0.05%
LNN	C	0.05%
DAWN	A	0.05%
NEXT	C	0.05%
APLD	C	0.05%
ACMR	D	0.05%
GDYN	B	0.05%
ACHR	C	0.05%
CIFR	B	0.05%
PECO	B	0.05%
AUPH	A	0.05%
AMPL	C	0.05%
BLFS	B	0.05%
DBRG	D	0.05%
CGEM	F	0.05%
UTZ	B	0.05%
NN	A	0.05%
KALV	D	0.04%
CAPR	B	0.04%
AMSF	A	0.04%
PLAB	F	0.04%
IBRX	B	0.04%
PLOW	F	0.04%
SLP	F	0.04%
CASH	A	0.04%
CTLP	B	0.04%
FWRG	B	0.04%
SANA	F	0.04%
TREE	F	0.04%
HUMA	D	0.04%
WEAV	B	0.04%
APLT	A	0.04%
INOD	A	0.04%
CATX	D	0.04%
VSCO	A	0.04%
AVBP	A	0.04%
SBGI	A	0.04%
EVLV	F	0.04%
EU	D	0.04%
AIN	F	0.04%
ATEC	C	0.04%
FA	D	0.04%
THRY	F	0.04%
RVNC	C	0.04%
AMBP	C	0.04%
LPRO	C	0.04%
ABUS	D	0.04%
CYTK	F	0.04%
KRUS	A	0.04%
MAX	D	0.04%
VICR	B	0.04%
AIV	D	0.04%
EVRI	A	0.04%
TYRA	F	0.04%
ACEL	D	0.04%
XNCR	A	0.04%
GCT	C	0.04%
CDMO	C	0.04%
NPO	F	0.03%
MLNK	B	0.03%
CON	F	0.03%
AMRC	C	0.03%
PBI	A	0.03%
PCT	B	0.03%
DSGR	C	0.03%
URGN	F	0.03%
HLMN	A	0.03%
BJRI	B	0.03%
MNTK	B	0.03%
ALEC	D	0.03%
TTI	C	0.03%
MIR	A	0.03%
BFS	D	0.03%
BIGC	F	0.03%
ARHS	F	0.03%
GETY	A	0.03%
ML	D	0.03%
BYND	F	0.03%
ARCT	F	0.03%
BAND	A	0.03%
AX	B	0.03%
CELC	D	0.03%
RIOT	C	0.03%
PRTA	F	0.03%
ESQ	A	0.03%
DHIL	D	0.03%
SIBN	D	0.03%
CBL	B	0.03%
LWLG	C	0.03%
SKWD	B	0.03%
JELD	F	0.03%
STOK	C	0.03%
EAF	B	0.03%
AIR	F	0.03%
CLMB	B	0.03%
AEHR	D	0.03%
SEZL	A	0.03%
MNMD	C	0.03%
BATRA	D	0.03%
LFST	C	0.03%
PX	B	0.03%
DMRC	A	0.03%
XERS	A	0.03%
ATXS	D	0.03%
AGS	A	0.03%
HLF	D	0.03%
CEVA	D	0.03%
AHCO	D	0.03%
SYNA	F	0.02%
SPIR	B	0.02%
NBR	C	0.02%
EWCZ	C	0.02%
WTI	F	0.02%
PESI	A	0.02%
ZURA	B	0.02%
EB	C	0.02%
LXEO	F	0.02%
UP	D	0.02%
IGMS	B	0.02%
EYPT	C	0.02%
KNTK	B	0.02%
DENN	D	0.02%
JSPR	A	0.02%
TDOC	C	0.02%
FNA	F	0.02%
SVV	D	0.02%
LNZA	C	0.02%
OCGN	F	0.02%
IIIN	F	0.02%
SNCY	A	0.02%
LUNG	F	0.02%
HSTM	A	0.02%
NTST	F	0.02%
WEST	F	0.02%
LAZR	F	0.02%
TRAK	C	0.02%
CYRX	F	0.02%
FBP	D	0.02%
PRME	C	0.02%
JBT	A	0.02%
LIND	D	0.02%
ABSI	D	0.02%
HLX	F	0.02%
CTRI	A	0.02%
ASPN	F	0.02%
EGHT	C	0.02%
CRCT	B	0.02%
OLO	A	0.02%
BYRN	D	0.02%
CDNA	D	0.02%
MAMA	D	0.02%
SNEX	A	0.02%
DOMO	C	0.02%
NGNE	B	0.02%
ASPI	A	0.02%
RCEL	C	0.02%
ALT	D	0.02%
FDMT	F	0.02%
CSTL	A	0.02%
SKYT	B	0.02%
CHPT	F	0.02%
INST	A	0.02%
VSEC	A	0.02%
XPOF	F	0.02%
BLZE	C	0.02%
ITI	A	0.02%
ICHR	F	0.02%
PRG	C	0.02%
DK	F	0.02%
CERS	F	0.02%
SEAT	D	0.02%
BANF	B	0.02%
TNGX	F	0.02%
SABR	C	0.02%
ATEX	D	0.02%
ULCC	B	0.02%
GHM	D	0.02%
VMD	B	0.02%
DIOD	F	0.02%
DAVE	C	0.02%
RDVT	A	0.02%
CCS	F	0.02%
SVRA	D	0.02%
LESL	F	0.02%
IGT	F	0.02%
BMEA	D	0.02%
PLSE	D	0.02%
GRND	A	0.02%
NIC	B	0.02%
STER	B	0.02%
AKRO	A	0.02%
LRMR	C	0.02%
TALK	A	0.02%
ROOT	B	0.02%
CSV	A	0.02%
TSHA	F	0.02%
MCBS	C	0.01%
CRVO	F	0.01%
CLPR	B	0.01%
CCO	F	0.01%
AKYA	D	0.01%
REKR	F	0.01%
CVGW	B	0.01%
NRDY	F	0.01%
STRW	A	0.01%
OVID	D	0.01%
CRGX	B	0.01%
NWPX	A	0.01%
EP	C	0.01%
HQI	D	0.01%
PLL	B	0.01%
WBTN	F	0.01%
DIN	D	0.01%
INMB	D	0.01%
GLSI	F	0.01%
ARTV	D	0.01%
MODV	F	0.01%
NPCE	F	0.01%
ACCD	F	0.01%
EVI	A	0.01%
AMWD	D	0.01%
VERU	D	0.01%
OMER	B	0.01%
FBLG	B	0.01%
SHBI	B	0.01%
BDTX	F	0.01%
LXRX	D	0.01%
FULC	F	0.01%
CWCO	F	0.01%
MLYS	B	0.01%
XFOR	F	0.01%
PRTH	D	0.01%
STGW	D	0.01%
IAS	A	0.01%
LFMD	F	0.01%
GNE	F	0.01%
UVE	C	0.01%
CTGO	B	0.01%
STXS	D	0.01%
OPRX	F	0.01%
WGS	A	0.01%
ACHV	B	0.01%
DC	D	0.01%
LKFN	B	0.01%
PSTL	C	0.01%
MRAM	C	0.01%
OPFI	B	0.01%
IRON	D	0.01%
QUIK	D	0.01%
BLNK	C	0.01%
ALMS	C	0.01%
QUAD	A	0.01%
PRCH	C	0.01%
CRBP	F	0.01%
EVEX	D	0.01%
CTOS	D	0.01%
SPNT	D	0.01%
LVWR	F	0.01%
ESPR	C	0.01%
TAYD	C	0.01%
GOOD	C	0.01%
LAW	B	0.01%
SSTI	F	0.01%
CADL	F	0.01%
INBX	B	0.01%
PEPG	F	0.01%
AVXL	A	0.01%
AQST	A	0.01%
SYRE	A	0.01%
SUPN	B	0.01%
PKE	C	0.01%
SKYH	F	0.01%
GRPN	F	0.01%
KRRO	B	0.01%
INBK	C	0.01%
LAB	C	0.01%
TIPT	A	0.01%
PMTS	F	0.01%
KFS	B	0.01%
ORIC	D	0.01%
TRVI	D	0.01%
MRSN	D	0.01%
PETQ	A	0.01%
OLMA	F	0.01%
SCWO	C	0.01%
ISPR	F	0.01%
TCRX	F	0.01%
PHAT	B	0.01%
MVIS	F	0.01%
RILY	D	0.01%
SCPH	F	0.01%
BBAI	D	0.01%
RAPP	B	0.01%
LCTX	F	0.01%
EVGO	B	0.01%
SMTI	A	0.01%
VSTM	C	0.01%
PAYS	F	0.01%
PLUG	C	0.01%
FHTX	C	0.01%
QRHC	F	0.01%
BRY	F	0.01%
CDZI	B	0.01%
SKIN	C	0.01%
HNST	C	0.01%
NEO	D	0.01%
CVRX	B	0.01%
ACIC	A	0.01%
TSQ	F	0.01%
FFWM	D	0.01%
PROK	F	0.01%
KLTR	A	0.01%
SMID	C	0.01%
ADCT	F	0.01%
LGIH	F	0.01%
MSEX	B	0.01%
XOMA	A	0.01%
MSGE	C	0.01%
REX	F	0.01%
MGTX	B	0.01%
EVCM	A	0.01%
CDLX	C	0.01%
ARDT	F	0.01%
BRCC	F	0.01%
ARAY	F	0.01%
OMI	F	0.01%
RNAC	C	0.01%
MLP	D	0.01%
LBRT	F	0.01%
TCX	F	0.01%
SCL	F	0.01%
AEYE	C	0.01%
HEAR	B	0.01%
KGS	A	0.01%
ALTG	D	0.01%
LIVN	C	0.01%
BVS	A	0.01%
INDI	F	0.01%
UMH	D	0.01%
SGHT	F	0.01%
DSP	B	0.01%
CRD.B	B	0.01%
ZVRA	A	0.01%
AVAH	D	0.01%
ANDE	F	0.01%
WKC	D	0.01%
RICK	F	0.01%
MGNX	C	0.01%
GOGO	F	0.01%
INSE	A	0.01%
SERA	C	0.01%
MLAB	D	0.01%
GCBC	F	0.01%
RIGL	D	0.01%
AIP	F	0.01%
CDT	F	0.0%
QRTEB	F	0.0%
MKTW	F	0.0%
MGX	F	0.0%
SCLX	D	0.0%
MASS	F	0.0%
SES	F	0.0%
TDUP	F	0.0%
PGEN	F	0.0%
ULBI	F	0.0%
BAER	C	0.0%
HLVX	C	0.0%
GRWG	C	0.0%
BOLD	F	0.0%
VGAS	A	0.0%
LYRA	F	0.0%
AGEN	F	0.0%
SKYE	C	0.0%
ATLC	A	0.0%
RSVR	B	0.0%
TELO	F	0.0%
SLDB	F	0.0%
NNE	B	0.0%
RENB	F	0.0%
AISP	F	0.0%
ARQ	C	0.0%
LUNR	B	0.0%
GCTS	F	0.0%
ELEV	F	0.0%
ATOS	C	0.0%
IIIV	A	0.0%
DTI	F	0.0%
SPCE	D	0.0%
SHYF	B	0.0%
BOC	B	0.0%
HRTX	F	0.0%
CTV	A	0.0%
AMPX	D	0.0%
ALNT	F	0.0%
HOWL	C	0.0%
DIBS	F	0.0%
MEC	A	0.0%
TERN	D	0.0%
ARIS	C	0.0%
DLHC	F	0.0%
CHRS	F	0.0%
UHG	D	0.0%
ALDX	D	0.0%
MITT	D	0.0%
ORN	D	0.0%
AVTE	C	0.0%
CZFS	B	0.0%
LSEA	F	0.0%
EVC	B	0.0%
TNYA	F	0.0%
LASR	A	0.0%
EHAB	D	0.0%
GALT	F	0.0%
CDXS	A	0.0%
PROP	F	0.0%
AKBA	A	0.0%
SVCO	F	0.0%
PAL	F	0.0%
VRCA	F	0.0%
SST	F	0.0%
STTK	F	0.0%
FUBO	D	0.0%
AHH	D	0.0%
CLBK	D	0.0%
LVO	F	0.0%
HCAT	C	0.0%
OABI	D	0.0%
MOND	F	0.0%
CABA	F	0.0%
INNV	C	0.0%
NGS	F	0.0%
VALU	B	0.0%
AOMR	F	0.0%
EYE	D	0.0%
TVGN	D	0.0%
GMGI	D	0.0%
NVTS	C	0.0%
HDSN	F	0.0%
FG	F	0.0%
USCB	A	0.0%
CRDF	B	0.0%
BOW	C	0.0%
AILE	F	0.0%
SNDA	D	0.0%
PSTX	D	0.0%
BOOM	F	0.0%
GUTS	B	0.0%
ALXO	F	0.0%
DNTH	A	0.0%
MYFW	C	0.0%
CTNM	D	0.0%
ATNM	F	0.0%
HOV	D	0.0%
KYTX	F	0.0%
ANRO	F	0.0%
OPEN	F	0.0%
ARKO	C	0.0%
QBTS	C	0.0%
PTVE	D	0.0%
QTRX	C	0.0%
PCRX	C	0.0%
ITIC	B	0.0%
AVO	C	0.0%
RDW	B	0.0%
OUST	C	0.0%
ANIK	F	0.0%
DCGO	B	0.0%
CRSR	D	0.0%
BMBL	C	0.0%
OTLK	D	0.0%
AIRS	A	0.0%
OBIO	D	0.0%
NOTE	F	0.0%
HLLY	F	0.0%
DAKT	C	0.0%
CVLG	D	0.0%
VTSI	D	0.0%

IWO Underweight 195 Positions Relative to FLQS

Symbol	Grade	Weight
JXN	B	-1.01%
ESNT	F	-0.94%
CMC	A	-0.8%
GPI	C	-0.68%
SWX	C	-0.67%
SIG	C	-0.62%
KFY	C	-0.61%
MATX	A	-0.6%
HOMB	B	-0.58%
PNM	B	-0.53%
CEIX	A	-0.52%
MHO	D	-0.51%
CRC	B	-0.51%
PBH	A	-0.51%
IIPR	C	-0.47%
BXMT	C	-0.46%
BNL	D	-0.45%
NWE	D	-0.45%
ASB	A	-0.44%
TGNA	B	-0.43%
HCC	A	-0.42%
RUSHA	A	-0.42%
GNW	D	-0.41%
SR	D	-0.41%
EPRT	C	-0.39%
AVA	D	-0.38%
FCPT	D	-0.37%
PBF	F	-0.37%
TDS	B	-0.37%
BTU	A	-0.36%
STNG	F	-0.36%
UNF	D	-0.35%
ARCH	B	-0.33%
CVBF	B	-0.31%
PRMW	B	-0.3%
VSH	F	-0.29%
STRA	F	-0.29%
CNO	A	-0.28%
NBTB	D	-0.28%
ENVA	A	-0.27%
FL	D	-0.26%
LZB	D	-0.26%
PRDO	B	-0.25%
MLKN	F	-0.25%
SBH	B	-0.24%
GEO	B	-0.24%
SJW	F	-0.24%
NHC	C	-0.23%
ROIC	B	-0.23%
INSW	F	-0.23%
GEF	B	-0.23%
REZI	C	-0.23%
EPC	D	-0.22%
NWBI	C	-0.22%
NWN	C	-0.2%
HOPE	D	-0.19%
LTC	A	-0.19%
HELE	C	-0.19%
WMK	D	-0.18%
UVV	C	-0.18%
PDM	C	-0.18%
AAT	C	-0.18%
INMD	C	-0.18%
GIII	C	-0.18%
ACT	D	-0.17%
PRK	A	-0.17%
SCS	F	-0.17%
NTCT	C	-0.17%
SRCE	C	-0.16%
GABC	A	-0.16%
ODP	C	-0.16%
MD	A	-0.16%
UNFI	A	-0.15%
SPNS	B	-0.14%
IMKTA	D	-0.14%
FWRD	C	-0.14%
OCFC	A	-0.14%
PEBO	B	-0.14%
SPTN	D	-0.13%
BLX	B	-0.13%
PFBC	B	-0.13%
BRKL	A	-0.13%
HSII	A	-0.13%
DLX	F	-0.13%
CNXN	F	-0.12%
TMP	A	-0.12%
ETD	F	-0.12%
UTL	D	-0.12%
BHE	A	-0.11%
DHT	F	-0.11%
MNRO	A	-0.11%
SYBT	B	-0.11%
SCVL	F	-0.1%
ELME	D	-0.1%
SMP	B	-0.1%
EBF	F	-0.09%
ASC	F	-0.09%
CMRE	C	-0.09%
GOGL	F	-0.09%
KELYA	D	-0.09%
SCHL	F	-0.09%
EGBN	A	-0.09%
LILAK	A	-0.09%
SXC	A	-0.09%
WNC	F	-0.09%
RYI	C	-0.08%
BDN	C	-0.08%
TRTX	A	-0.08%
MATW	D	-0.08%
TRST	D	-0.08%
CCRN	F	-0.07%
NFBK	C	-0.07%
PGRE	C	-0.07%
SMBC	B	-0.07%
ACCO	B	-0.07%
RMR	D	-0.06%
CPF	C	-0.06%
RUSHB	A	-0.06%
USNA	D	-0.06%
FMNB	D	-0.06%
HVT	F	-0.06%
LXFR	A	-0.05%
TCMD	A	-0.05%
RGP	F	-0.05%
LILA	A	-0.05%
NAT	F	-0.05%
MOV	F	-0.05%
VLGEA	D	-0.05%
NPK	F	-0.05%
FFIC	B	-0.05%
BV	A	-0.05%
FCBC	D	-0.05%
GEF	B	-0.05%
NUS	F	-0.05%
CFB	D	-0.05%
CCSI	B	-0.05%
HBCP	B	-0.04%
CMTG	F	-0.04%
RMAX	C	-0.04%
SB	F	-0.04%
SPOK	A	-0.04%
VNDA	D	-0.04%
PKST	F	-0.04%
MCFT	D	-0.04%
VPG	F	-0.04%
GNTY	D	-0.04%
BMRC	A	-0.04%
NECB	B	-0.04%
LINC	A	-0.04%
FLIC	C	-0.04%
TITN	D	-0.04%
LGTY	B	-0.04%
HTBK	D	-0.04%
KRNY	B	-0.03%
OLP	C	-0.03%
CIO	D	-0.03%
DBI	F	-0.03%
MED	D	-0.03%
PKBK	A	-0.03%
IMMR	F	-0.03%
AVNW	F	-0.03%
WEYS	B	-0.03%
GRNT	F	-0.03%
RLGT	B	-0.03%
AMCX	F	-0.03%
MG	F	-0.03%
III	F	-0.02%
MYPS	F	-0.02%
REFI	D	-0.02%
ESCA	F	-0.02%
HBB	C	-0.02%
RELL	B	-0.02%
CHMG	A	-0.02%
HOFT	D	-0.02%
CZNC	D	-0.02%
SNBR	F	-0.02%
DXLG	F	-0.02%
ESSA	B	-0.02%
JOUT	F	-0.02%
IBEX	D	-0.02%
JAKK	A	-0.02%
LCUT	F	-0.01%
FENC	F	-0.01%
NL	B	-0.01%
CPSS	A	-0.01%
FSTR	F	-0.01%
SEVN	F	-0.01%
GAMB	D	-0.01%
CMT	F	-0.01%
FORR	F	-0.01%
QIPT	F	-0.01%
FLXS	A	-0.01%
NREF	C	-0.01%
GPMT	C	-0.01%
VRA	F	-0.01%