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

$277.71

Average Daily Volume

410,883

Number of Holdings ^*

1084

* 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

$41.44

Average Daily Volume

3,961

Number of Holdings ^*

466

* may have additional holdings in another (foreign) market

Performance

Period	IWO	FLQS
30 Days	0.18%	-0.07%
60 Days	6.10%	0.74%
90 Days	7.71%	8.29%
12 Months	29.92%	26.25%

270 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in FLQS	Overlap
ACAD	F	0.14%	0.25%	0.14%
ACIW	B	0.4%	0.36%	0.36%
ACLS	F	0.25%	0.42%	0.25%
AEO	B	0.24%	0.51%	0.24%
AESI	B	0.11%	0.1%	0.1%
AGYS	D	0.18%	0.16%	0.16%
AIT	B	0.64%	1.1%	0.64%
ALG	D	0.13%	0.24%	0.13%
ALKS	B	0.35%	0.68%	0.35%
ALX	C	0.04%	0.03%	0.03%
AMN	F	0.12%	0.24%	0.12%
AMR	F	0.19%	0.33%	0.19%
ANF	F	0.51%	0.76%	0.51%
APAM	C	0.2%	0.19%	0.19%
APEI	F	0.0%	0.02%	0.0%
APOG	B	0.04%	0.16%	0.04%
AROC	B	0.26%	0.31%	0.26%
ASO	D	0.08%	0.6%	0.08%
ATEN	B	0.07%	0.17%	0.07%
ATGE	D	0.04%	0.36%	0.04%
ATKR	F	0.23%	0.41%	0.23%
ATRC	C	0.06%	0.18%	0.06%
AWR	A	0.13%	0.43%	0.13%
AXGN	B	0.05%	0.07%	0.05%
BASE	F	0.04%	0.04%	0.04%
BBSI	C	0.06%	0.13%	0.06%
BBW	B	0.03%	0.06%	0.03%
BCC	C	0.2%	0.74%	0.2%
BCO	C	0.38%	0.74%	0.38%
BDC	B	0.19%	0.57%	0.19%
BKE	D	0.1%	0.22%	0.1%
BLKB	C	0.26%	0.49%	0.26%
BLMN	F	0.05%	0.26%	0.05%
BMI	A	0.48%	0.93%	0.48%
BOX	C	0.33%	0.61%	0.33%
BSVN	D	0.0%	0.01%	0.0%
BTMD	F	0.01%	0.01%	0.01%
BWMN	F	0.02%	0.03%	0.02%
CAKE	A	0.15%	0.36%	0.15%
CAL	F	0.03%	0.18%	0.03%
CALM	B	0.01%	0.43%	0.01%
CALX	C	0.12%	0.27%	0.12%
CARG	C	0.2%	0.3%	0.2%
CASS	D	0.04%	0.07%	0.04%
CBRL	D	0.02%	0.19%	0.02%
CDXC	C	0.01%	0.01%	0.01%
CENT	F	0.01%	0.05%	0.01%
CENTA	F	0.02%	0.24%	0.02%
CHCO	D	0.01%	0.21%	0.01%
CHCT	F	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%	0.23%	0.07%
CNMD	D	0.16%	0.31%	0.16%
COLL	B	0.1%	0.09%	0.09%
CORT	B	0.28%	0.52%	0.28%
CPRX	C	0.17%	0.31%	0.17%
CRAI	C	0.09%	0.15%	0.09%
CRGY	B	0.03%	0.1%	0.03%
CRVL	C	0.21%	0.38%	0.21%
CSGS	C	0.11%	0.23%	0.11%
CSWI	B	0.45%	0.78%	0.45%
CTRE	B	0.03%	0.56%	0.03%
CURV	F	0.0%	0.01%	0.0%
CVI	F	0.06%	0.09%	0.06%
CVLT	C	0.46%	1.13%	0.46%
CWH	C	0.08%	0.14%	0.08%
CWT	D	0.06%	0.42%	0.06%
CYH	C	0.03%	0.1%	0.03%
DFIN	C	0.08%	0.22%	0.08%
DJCO	C	0.03%	0.05%	0.03%
DORM	C	0.22%	0.2%	0.2%
DXPE	C	0.0%	0.1%	0.0%
EGAN	F	0.01%	0.01%	0.01%
EGY	D	0.0%	0.08%	0.0%
EMBC	F	0.01%	0.14%	0.01%
ENFN	C	0.03%	0.05%	0.03%
ENR	B	0.17%	0.24%	0.17%
EPAC	C	0.17%	0.15%	0.15%
EPM	B	0.0%	0.02%	0.0%
ESE	B	0.12%	0.43%	0.12%
EVER	D	0.04%	0.04%	0.04%
EXPO	A	0.43%	0.85%	0.43%
EXTR	C	0.07%	0.26%	0.07%
FBIZ	D	0.0%	0.05%	0.0%
FC	C	0.03%	0.07%	0.03%
FELE	C	0.35%	0.7%	0.35%
FIGS	B	0.0%	0.13%	0.0%
FIZZ	D	0.08%	0.17%	0.08%
FLWS	F	0.0%	0.03%	0.0%
FOR	D	0.01%	0.07%	0.01%
FSS	B	0.42%	0.37%	0.37%
FTDR	C	0.28%	0.52%	0.28%
GCMG	A	0.03%	0.03%	0.03%
GCO	F	0.01%	0.04%	0.01%
GFF	C	0.2%	0.18%	0.18%
GIC	D	0.03%	0.08%	0.03%
GMS	C	0.24%	0.56%	0.24%
GOLF	F	0.14%	0.33%	0.14%
GPOR	B	0.07%	0.2%	0.07%
GRC	B	0.06%	0.1%	0.06%
GWRS	D	0.01%	0.02%	0.01%
HBIO	F	0.0%	0.01%	0.0%
HCKT	C	0.04%	0.1%	0.04%
HEES	D	0.11%	0.19%	0.11%
HI	F	0.05%	0.23%	0.05%
HIMS	B	0.27%	0.32%	0.27%
HLIT	C	0.11%	0.19%	0.11%
HNI	B	0.09%	0.38%	0.09%
HRMY	D	0.09%	0.14%	0.09%
HTLD	F	0.02%	0.09%	0.02%
HURN	D	0.14%	0.18%	0.14%
HWKN	A	0.18%	0.24%	0.18%
HY	F	0.03%	0.07%	0.03%
IBP	B	0.44%	0.85%	0.44%
IBTA	D	0.03%	0.03%	0.03%
ICFI	C	0.23%	0.45%	0.23%
IDCC	A	0.27%	0.43%	0.27%
IDT	C	0.03%	0.08%	0.03%
IESC	B	0.12%	0.19%	0.12%
IMXI	F	0.04%	0.11%	0.04%
INFU	D	0.01%	0.02%	0.01%
INVA	B	0.01%	0.16%	0.01%
IOSP	F	0.18%	0.38%	0.18%
IPAR	D	0.18%	0.39%	0.18%
IRMD	B	0.03%	0.06%	0.03%
IRWD	F	0.01%	0.08%	0.01%
JACK	F	0.07%	0.1%	0.07%
JBSS	F	0.06%	0.12%	0.06%
JILL	F	0.01%	0.02%	0.01%
JJSF	B	0.2%	0.31%	0.2%
JYNT	F	0.01%	0.02%	0.01%
KAI	C	0.29%	0.54%	0.29%
KFRC	F	0.08%	0.2%	0.08%
KREF	C	0.01%	0.09%	0.01%
KRT	F	0.01%	0.02%	0.01%
KTB	B	0.34%	0.77%	0.34%
LANC	F	0.26%	0.45%	0.26%
LCII	B	0.23%	0.37%	0.23%
LMAT	B	0.14%	0.24%	0.14%
LOVE	C	0.02%	0.05%	0.02%
LPG	F	0.05%	0.08%	0.05%
LQDT	C	0.04%	0.07%	0.04%
LRN	C	0.27%	0.54%	0.27%
LWAY	B	0.01%	0.01%	0.01%
LYTS	B	0.02%	0.05%	0.02%
MAPS	F	0.0%	0.01%	0.0%
MCRI	B	0.07%	0.16%	0.07%
MCW	F	0.04%	0.04%	0.04%
MCY	B	0.02%	0.22%	0.02%
MDXG	F	0.02%	0.09%	0.02%
METC	D	0.02%	0.04%	0.02%
METCB	D	0.0%	0.01%	0.0%
MGEE	C	0.11%	0.42%	0.11%
MGRC	D	0.19%	0.35%	0.19%
MGY	B	0.3%	0.53%	0.3%
MITK	F	0.03%	0.04%	0.03%
MLI	C	0.56%	1.07%	0.56%
MLR	B	0.0%	0.09%	0.0%
MMSI	C	0.42%	0.68%	0.42%
MOG.A	A	0.43%	0.69%	0.43%
MPX	D	0.0%	0.01%	0.0%
MRTN	F	0.02%	0.13%	0.02%
MWA	A	0.25%	0.42%	0.25%
MYE	F	0.04%	0.07%	0.04%
NARI	F	0.16%	0.3%	0.16%
NATH	A	0.01%	0.03%	0.01%
NATR	F	0.0%	0.02%	0.0%
NGVC	C	0.01%	0.04%	0.01%
NMIH	C	0.02%	0.44%	0.02%
NOG	F	0.02%	0.39%	0.02%
NRC	F	0.03%	0.06%	0.03%
NRDS	D	0.04%	0.06%	0.04%
NSIT	B	0.44%	0.81%	0.44%
NSP	F	0.23%	0.42%	0.23%
NSSC	F	0.1%	0.21%	0.1%
NTIC	F	0.01%	0.01%	0.01%
NVEC	D	0.03%	0.05%	0.03%
NVEE	F	0.02%	0.18%	0.02%
ODC	D	0.01%	0.04%	0.01%
OFLX	D	0.01%	0.03%	0.01%
OOMA	B	0.0%	0.04%	0.0%
OPCH	F	0.18%	0.36%	0.18%
ORGO	D	0.0%	0.03%	0.0%
OSIS	B	0.17%	0.32%	0.17%
OSPN	D	0.04%	0.09%	0.04%
OTTR	F	0.11%	0.39%	0.11%
OXM	F	0.06%	0.21%	0.06%
PAHC	C	0.01%	0.07%	0.01%
PATK	C	0.23%	0.39%	0.23%
PBPB	D	0.02%	0.03%	0.02%
PBYI	F	0.0%	0.01%	0.0%
PDCO	F	0.02%	0.29%	0.02%
PFIS	D	0.01%	0.04%	0.01%
PFMT	D	0.01%	0.04%	0.01%
PJT	C	0.24%	0.21%	0.21%
PLPC	D	0.0%	0.04%	0.0%
PLUS	C	0.13%	0.38%	0.13%
PLXS	B	0.08%	0.37%	0.08%
PRGS	B	0.21%	0.39%	0.21%
PRIM	C	0.21%	0.21%	0.21%
PRO	F	0.06%	0.09%	0.06%
PSMT	B	0.11%	0.32%	0.11%
PTLO	C	0.04%	0.09%	0.04%
PTSI	F	0.0%	0.02%	0.0%
PZZA	D	0.1%	0.23%	0.1%
QLYS	F	0.35%	0.72%	0.35%
RCKY	B	0.01%	0.03%	0.01%
REAL	D	0.02%	0.02%	0.02%
REPX	C	0.0%	0.03%	0.0%
REVG	D	0.08%	0.1%	0.08%
RGR	F	0.01%	0.1%	0.01%
RM	C	0.0%	0.04%	0.0%
RMBS	F	0.33%	0.63%	0.33%
RMNI	F	0.0%	0.02%	0.0%
RVLV	C	0.07%	0.15%	0.07%
SAH	D	0.02%	0.12%	0.02%
SEMR	C	0.04%	0.04%	0.04%
SFL	D	0.02%	0.19%	0.02%
SFM	A	0.84%	1.32%	0.84%
SGC	D	0.0%	0.02%	0.0%
SHOO	A	0.27%	0.55%	0.27%
SIGA	F	0.02%	0.05%	0.02%
SIGI	D	0.36%	0.62%	0.36%
SKT	A	0.1%	0.51%	0.1%
SLVM	C	0.05%	0.35%	0.05%
SMLR	F	0.01%	0.02%	0.01%
SONO	D	0.1%	0.19%	0.1%
SPSC	D	0.53%	0.98%	0.53%
SQSP	A	0.21%	0.38%	0.21%
SRDX	D	0.03%	0.05%	0.03%
SSTK	F	0.05%	0.12%	0.05%
STKS	F	0.01%	0.01%	0.01%
SWBI	F	0.0%	0.08%	0.0%
SXI	C	0.12%	0.29%	0.12%
SXT	C	0.24%	0.45%	0.24%
TH	F	0.02%	0.03%	0.02%
THR	F	0.01%	0.09%	0.01%
TILE	C	0.01%	0.07%	0.01%
TMCI	F	0.02%	0.03%	0.02%
TNC	F	0.06%	0.28%	0.06%
TNET	F	0.23%	0.37%	0.23%
TPB	A	0.05%	0.05%	0.05%
TTSH	D	0.0%	0.03%	0.0%
UFPI	C	0.34%	1.02%	0.34%
UFPT	D	0.17%	0.28%	0.17%
UHT	C	0.04%	0.08%	0.04%
ULH	C	0.01%	0.04%	0.01%
UPWK	D	0.1%	0.08%	0.08%
UTI	D	0.05%	0.09%	0.05%
VCEL	F	0.15%	0.16%	0.15%
VCTR	B	0.17%	0.23%	0.17%
VGR	B	0.02%	0.31%	0.02%
VIRC	D	0.0%	0.01%	0.0%
VITL	B	0.09%	0.08%	0.08%
VRNS	C	0.45%	0.43%	0.43%
WDFC	B	0.26%	0.55%	0.26%
WERN	D	0.02%	0.39%	0.02%
WK	D	0.29%	0.41%	0.29%
WRLD	D	0.03%	0.06%	0.03%
WTS	C	0.42%	0.81%	0.42%
WWW	A	0.1%	0.18%	0.1%
XPEL	D	0.08%	0.13%	0.08%
YELP	D	0.17%	0.35%	0.17%
YEXT	B	0.05%	0.08%	0.05%
YMAB	B	0.04%	0.03%	0.03%
YORW	D	0.01%	0.08%	0.01%
YOU	C	0.21%	0.22%	0.21%
ZIP	D	0.05%	0.1%	0.05%
ZYXI	D	0.01%	0.02%	0.01%

IWO Overweight 814 Positions Relative to FLQS

Symbol	Grade	Weight
PCVX	B	1.03%
FTAI	A	1.0%
INSM	D	0.86%
FN	B	0.63%
ENSG	D	0.6%
CRS	C	0.56%
FLR	D	0.55%
LNTH	C	0.54%
HALO	D	0.53%
SPXC	C	0.53%
HQY	C	0.51%
HLNE	A	0.49%
MOD	B	0.49%
NOVT	C	0.47%
RHP	C	0.47%
GKOS	B	0.46%
EXLS	A	0.45%
CBT	B	0.45%
CWST	D	0.45%
CHX	D	0.44%
BCPC	C	0.42%
BPMC	F	0.42%
MMS	B	0.42%
DY	C	0.41%
AVAV	B	0.41%
ZETA	B	0.4%
RNA	B	0.39%
ALTR	B	0.39%
KNF	C	0.38%
BECN	F	0.38%
GTLS	F	0.38%
ZWS	A	0.37%
BOOT	A	0.37%
PIPR	B	0.37%
TENB	F	0.36%
PI	B	0.36%
TMDX	D	0.35%
FFIN	D	0.35%
RVMD	B	0.34%
KRYS	D	0.34%
HRI	C	0.34%
RDNT	C	0.34%
VRRM	D	0.34%
QTWO	C	0.34%
ITRI	C	0.33%
FCFS	F	0.33%
ADMA	C	0.33%
STRL	B	0.32%
HAE	D	0.3%
OSCR	C	0.3%
WHD	B	0.3%
CRNX	C	0.3%
NXT	F	0.3%
CRDO	B	0.29%
AEIS	F	0.29%
SHAK	C	0.29%
CWAN	C	0.28%
TDW	F	0.27%
NUVL	B	0.27%
SLAB	D	0.27%
BHVN	B	0.27%
STEP	A	0.27%
MDGL	F	0.27%
RXO	D	0.27%
ENS	D	0.27%
CVCO	B	0.27%
SG	C	0.26%
ACLX	C	0.26%
POWI	F	0.26%
AXNX	A	0.26%
CCOI	B	0.25%
NE	F	0.25%
AXSM	B	0.25%
MC	C	0.25%
MARA	F	0.25%
FORM	F	0.25%
EAT	A	0.24%
SMPL	D	0.24%
CBZ	F	0.24%
TGTX	C	0.24%
RKLB	B	0.24%
PRCT	C	0.24%
BWIN	B	0.24%
ATMU	B	0.23%
SITM	B	0.23%
EVH	D	0.23%
BL	D	0.23%
FOLD	F	0.23%
GVA	A	0.22%
UPST	C	0.22%
ACVA	C	0.22%
ROAD	C	0.22%
ENV	C	0.22%
ITGR	C	0.22%
DYN	D	0.21%
AUR	C	0.21%
RYTM	C	0.21%
WD	C	0.2%
GH	F	0.2%
CNS	C	0.2%
PRFT	A	0.2%
HGV	F	0.2%
TNDM	D	0.2%
FUN	F	0.2%
SMTC	C	0.2%
ASTH	A	0.19%
TWST	D	0.19%
SEM	D	0.19%
DOCN	C	0.19%
IDYA	F	0.19%
TRN	C	0.19%
VC	F	0.19%
HBI	B	0.19%
OII	D	0.19%
ALRM	F	0.19%
PTGX	C	0.19%
UEC	B	0.19%
IOVA	F	0.18%
COMP	C	0.18%
KLIC	D	0.18%
CNK	C	0.18%
RPD	D	0.18%
SKY	B	0.18%
ARCB	D	0.18%
SWTX	F	0.17%
VAL	F	0.17%
IRTC	F	0.17%
TBBK	C	0.17%
KWR	D	0.17%
ARWR	F	0.17%
PLMR	C	0.17%
FRSH	F	0.17%
KYMR	D	0.16%
JOE	D	0.16%
PTCT	C	0.16%
POWL	A	0.16%
MTRN	F	0.16%
BRZE	F	0.16%
VERX	A	0.16%
EVTC	D	0.16%
APGE	C	0.16%
BBIO	F	0.16%
COOP	B	0.16%
MQ	F	0.15%
RELY	F	0.15%
AZZ	C	0.15%
CLSK	F	0.15%
BATRK	F	0.15%
KOS	F	0.15%
EWTX	B	0.15%
GSHD	B	0.15%
NATL	D	0.15%
DNLI	C	0.15%
BE	F	0.14%
AMPH	C	0.14%
AI	F	0.14%
INTA	C	0.14%
FLYW	F	0.14%
DRS	A	0.14%
JOBY	D	0.14%
VERA	C	0.13%
MYRG	F	0.13%
PFSI	C	0.13%
RXST	F	0.13%
CLDX	F	0.13%
PAR	D	0.13%
KROS	B	0.13%
VYX	B	0.13%
LAUR	C	0.13%
STAA	D	0.13%
PRVA	F	0.13%
GERN	D	0.13%
TGLS	A	0.12%
TFIN	F	0.12%
MIRM	D	0.12%
RAMP	F	0.12%
ARDX	D	0.12%
UPBD	F	0.12%
NVCR	F	0.12%
ARVN	F	0.12%
IONQ	C	0.12%
PD	F	0.12%
PAYO	B	0.12%
PRKS	D	0.12%
OSW	C	0.12%
SNDX	F	0.12%
KTOS	A	0.12%
IMVT	F	0.12%
CORZ	C	0.12%
UCTT	D	0.12%
SMMT	D	0.12%
SPT	F	0.11%
WT	D	0.11%
OCUL	B	0.11%
CHEF	C	0.11%
RXRX	F	0.11%
AVPT	C	0.11%
RDFN	C	0.11%
BLBD	D	0.11%
VECO	F	0.11%
AGM	F	0.11%
BCRX	D	0.11%
PACS	C	0.11%
ENVX	D	0.1%
FLNC	C	0.1%
APPN	B	0.1%
SOUN	D	0.1%
WRBY	C	0.1%
NVAX	C	0.1%
TRUP	D	0.1%
HROW	B	0.1%
PGNY	F	0.1%
INFN	C	0.1%
JBI	F	0.1%
PTON	C	0.1%
AVDX	F	0.1%
NGVT	D	0.1%
MGNI	D	0.1%
JAMF	F	0.1%
ALKT	D	0.1%
KURA	F	0.1%
LOB	C	0.1%
THRM	F	0.1%
SLNO	B	0.09%
EXPI	C	0.09%
AMRX	B	0.09%
WOR	F	0.09%
ZUO	F	0.09%
MGPI	D	0.09%
MTTR	C	0.09%
VRTS	F	0.09%
DVAX	D	0.09%
TARS	C	0.09%
LBPH	D	0.09%
AVDL	F	0.09%
TPH	C	0.09%
RRR	D	0.09%
FUL	F	0.09%
SOC	B	0.09%
PHR	F	0.09%
JANX	D	0.09%
AGX	A	0.09%
USPH	F	0.09%
MNKD	C	0.09%
ALHC	B	0.08%
ARQT	D	0.08%
ROCK	D	0.08%
ARRY	F	0.08%
PWP	B	0.08%
COUR	F	0.08%
OUT	C	0.08%
CGON	C	0.08%
TRNS	D	0.08%
HLIO	B	0.08%
ADEA	C	0.08%
BKD	D	0.08%
AMBA	B	0.08%
PLAY	D	0.08%
VRDN	A	0.08%
COCO	C	0.08%
KALU	D	0.08%
CTS	B	0.08%
SAVA	D	0.08%
SFBS	D	0.08%
ARLO	F	0.08%
AGL	F	0.08%
KLG	D	0.08%
RCKT	F	0.08%
NMRA	B	0.08%
ADUS	D	0.07%
MRVI	F	0.07%
HCI	B	0.07%
LZ	F	0.07%
CLB	D	0.07%
DNUT	D	0.07%
NABL	F	0.07%
ASAN	F	0.07%
COGT	C	0.07%
WLY	A	0.07%
CXM	F	0.07%
SHLS	F	0.07%
PNTG	C	0.07%
SMR	B	0.07%
WULF	C	0.07%
EOLS	B	0.07%
ASGN	D	0.07%
PDFS	F	0.07%
KNSA	D	0.07%
MXL	F	0.07%
ERII	B	0.07%
NRIX	D	0.07%
USLM	C	0.07%
SDGR	F	0.07%
QNST	B	0.07%
OEC	F	0.07%
PRAX	B	0.07%
VZIO	A	0.07%
CDRE	B	0.07%
DFH	C	0.07%
XMTR	D	0.06%
FSLY	D	0.06%
AMSC	C	0.06%
LMB	B	0.06%
WAY	C	0.06%
CGEM	F	0.06%
BLFS	D	0.06%
ANIP	F	0.06%
AORT	B	0.06%
BTSG	C	0.06%
RSI	C	0.06%
GBTG	C	0.06%
UTZ	C	0.06%
SM	F	0.06%
CECO	D	0.06%
KBH	C	0.06%
BLND	C	0.06%
RCUS	F	0.06%
CENX	B	0.06%
IMAX	D	0.06%
DRVN	B	0.06%
ELVN	B	0.06%
LPRO	D	0.05%
AIV	C	0.05%
PUBM	F	0.05%
GDYN	B	0.05%
TTGT	F	0.05%
CDMO	C	0.05%
DAWN	D	0.05%
ACHR	F	0.05%
APLD	B	0.05%
AIN	F	0.05%
ACMR	D	0.05%
URBN	F	0.05%
LNN	C	0.05%
AMPL	D	0.05%
ANAB	D	0.05%
BSIG	D	0.05%
LMND	F	0.05%
IMNM	F	0.05%
PECO	C	0.05%
UDMY	F	0.05%
GRBK	C	0.05%
IE	D	0.05%
VVI	B	0.05%
SPRY	B	0.05%
AUPH	C	0.05%
MEG	F	0.05%
GSAT	F	0.05%
CEVA	B	0.04%
HLF	F	0.04%
JELD	D	0.04%
AHCO	C	0.04%
HUMA	D	0.04%
APLT	B	0.04%
SBGI	B	0.04%
WEAV	B	0.04%
SLP	F	0.04%
PLAB	D	0.04%
EVLV	C	0.04%
VICR	B	0.04%
ARHS	F	0.04%
ARCT	D	0.04%
PLOW	C	0.04%
ABUS	D	0.04%
MAX	B	0.04%
XNCR	D	0.04%
THRY	F	0.04%
EU	B	0.04%
NEXT	F	0.04%
AMBP	C	0.04%
RVNC	F	0.04%
TREE	C	0.04%
ATEC	F	0.04%
CCB	C	0.04%
WVE	B	0.04%
CYTK	F	0.04%
CATX	D	0.04%
EVRI	A	0.04%
NN	D	0.04%
SANA	F	0.04%
GCT	D	0.04%
DBRG	D	0.04%
ACEL	C	0.04%
LQDA	F	0.04%
LEU	A	0.04%
FA	A	0.04%
BJRI	D	0.03%
MNTK	D	0.03%
FDMT	F	0.03%
ASPN	D	0.03%
HLMN	C	0.03%
ATEX	D	0.03%
DSGR	C	0.03%
CDNA	B	0.03%
TSHA	F	0.03%
TNGX	F	0.03%
CCS	C	0.03%
AX	D	0.03%
SKWD	B	0.03%
NPO	C	0.03%
GETY	D	0.03%
URGN	F	0.03%
CELC	F	0.03%
SVRA	F	0.03%
ALEC	F	0.03%
DMRC	F	0.03%
BAND	D	0.03%
CBL	D	0.03%
BYND	D	0.03%
XERS	B	0.03%
BFS	A	0.03%
ESQ	C	0.03%
TTI	D	0.03%
IBRX	F	0.03%
AVBP	F	0.03%
BIGC	F	0.03%
AMRC	C	0.03%
MNMD	F	0.03%
CRMD	B	0.03%
CLMB	C	0.03%
PRTA	F	0.03%
DHIL	C	0.03%
CIFR	D	0.03%
AMSF	B	0.03%
INOD	D	0.03%
ATXS	C	0.03%
BATRA	F	0.03%
CTLP	B	0.03%
AGS	B	0.03%
KALV	F	0.03%
PX	C	0.03%
LFST	B	0.03%
STOK	D	0.03%
SIBN	F	0.03%
KRUS	D	0.03%
FWRG	F	0.03%
CASH	D	0.03%
SRRK	F	0.03%
VSCO	C	0.03%
TYRA	C	0.03%
AIR	D	0.03%
PCT	C	0.02%
UP	D	0.02%
IGMS	C	0.02%
JBT	B	0.02%
SERA	D	0.02%
SGHT	D	0.02%
LNZA	D	0.02%
GCBC	F	0.02%
WTI	D	0.02%
AIP	F	0.02%
EWCZ	F	0.02%
VSEC	D	0.02%
SYNA	D	0.02%
RIGL	B	0.02%
WEST	F	0.02%
ABSI	F	0.02%
TRAK	D	0.02%
NGNE	B	0.02%
MLAB	B	0.02%
SPIR	F	0.02%
LIND	D	0.02%
SKYT	D	0.02%
ULCC	D	0.02%
TDOC	D	0.02%
SNEX	C	0.02%
DENN	D	0.02%
CSTL	C	0.02%
SVV	D	0.02%
NTST	D	0.02%
LAZR	F	0.02%
OLO	F	0.02%
DOMO	F	0.02%
HSTM	B	0.02%
EGHT	F	0.02%
MAMA	D	0.02%
CRCT	C	0.02%
OCGN	F	0.02%
VMD	B	0.02%
ALT	F	0.02%
IIIN	F	0.02%
FBP	D	0.02%
BLZE	D	0.02%
RIOT	F	0.02%
TALK	D	0.02%
LRMR	F	0.02%
MIR	B	0.02%
BMEA	D	0.02%
RCEL	D	0.02%
XPOF	F	0.02%
BANF	D	0.02%
CHPT	F	0.02%
SABR	B	0.02%
INST	B	0.02%
LUNG	D	0.02%
ITI	A	0.02%
CYRX	F	0.02%
GRND	D	0.02%
SEAT	F	0.02%
NIC	D	0.02%
HLX	D	0.02%
BYRN	C	0.02%
FNA	F	0.02%
DIOD	F	0.02%
PLSE	D	0.02%
RDVT	D	0.02%
LESL	F	0.02%
GHM	D	0.02%
CERS	F	0.02%
ICHR	D	0.02%
DAVE	C	0.02%
ML	F	0.02%
LWLG	F	0.02%
PRG	C	0.02%
EAF	C	0.02%
IGT	F	0.02%
PBI	C	0.02%
CAPR	B	0.02%
ROOT	F	0.02%
MLNK	F	0.02%
CON	F	0.02%
STER	C	0.02%
DK	F	0.02%
SEZL	C	0.02%
CSV	C	0.02%
AEHR	F	0.02%
AKRO	C	0.02%
CVLG	D	0.01%
AKYA	D	0.01%
SVCO	F	0.01%
WGS	A	0.01%
HLLY	F	0.01%
NOTE	F	0.01%
STRW	B	0.01%
NRDY	F	0.01%
REKR	F	0.01%
HQI	D	0.01%
EP	D	0.01%
CVGW	B	0.01%
OMER	D	0.01%
VERU	F	0.01%
WBTN	F	0.01%
CRVO	F	0.01%
ALMS	F	0.01%
SHBI	D	0.01%
GLSI	D	0.01%
SYRE	D	0.01%
CTGO	F	0.01%
MODV	F	0.01%
EVI	D	0.01%
INMB	F	0.01%
AMWD	B	0.01%
ESPR	F	0.01%
FBLG	F	0.01%
DIN	D	0.01%
QUAD	D	0.01%
QUIK	F	0.01%
CWCO	F	0.01%
SCWO	D	0.01%
NPCE	F	0.01%
EVEX	D	0.01%
IAS	F	0.01%
MRAM	D	0.01%
GNE	D	0.01%
DC	D	0.01%
ACCD	F	0.01%
LKFN	F	0.01%
STXS	F	0.01%
OPFI	B	0.01%
SKIN	D	0.01%
FULC	F	0.01%
PSTL	C	0.01%
INBX	C	0.01%
AQST	C	0.01%
ACHV	B	0.01%
UVE	C	0.01%
RAPP	F	0.01%
SSTI	F	0.01%
PKE	F	0.01%
FFWM	F	0.01%
TRVI	C	0.01%
PRCH	F	0.01%
BBAI	F	0.01%
STGW	B	0.01%
GOOD	A	0.01%
PRTH	C	0.01%
CTOS	F	0.01%
LAW	D	0.01%
KFS	D	0.01%
LVWR	F	0.01%
TAYD	D	0.01%
MGTX	F	0.01%
GRPN	F	0.01%
MRSN	D	0.01%
VSTM	D	0.01%
SPNT	D	0.01%
SUPN	D	0.01%
RILY	F	0.01%
LFMD	F	0.01%
INBK	D	0.01%
IRON	C	0.01%
AVXL	D	0.01%
HNST	D	0.01%
CVRX	D	0.01%
TIPT	B	0.01%
SMTI	F	0.01%
ACIC	F	0.01%
XFOR	F	0.01%
PMTS	F	0.01%
BDTX	F	0.01%
SKYH	D	0.01%
ARTV	B	0.01%
CRBP	F	0.01%
PETQ	A	0.01%
PEPG	F	0.01%
RNAC	D	0.01%
ISPR	F	0.01%
TCRX	F	0.01%
PLUG	D	0.01%
CDZI	D	0.01%
PAYS	F	0.01%
CDLX	F	0.01%
SCPH	F	0.01%
LAB	F	0.01%
QRHC	D	0.01%
OPRX	F	0.01%
OLMA	F	0.01%
MVIS	D	0.01%
PHAT	C	0.01%
FHTX	C	0.01%
BRY	F	0.01%
LCTX	D	0.01%
ASPI	D	0.01%
TSQ	F	0.01%
XOMA	D	0.01%
PROK	F	0.01%
REX	D	0.01%
NEO	F	0.01%
KLTR	D	0.01%
SMID	D	0.01%
CADL	D	0.01%
ORIC	D	0.01%
ARDT	B	0.01%
ANRO	D	0.01%
EVCM	D	0.01%
ZVRA	D	0.01%
HEAR	B	0.01%
MSGE	A	0.01%
MSEX	C	0.01%
ARAY	F	0.01%
ADCT	D	0.01%
BRCC	F	0.01%
BVS	B	0.01%
KGS	A	0.01%
MLP	D	0.01%
AEYE	D	0.01%
LGIH	C	0.01%
OMI	F	0.01%
TCX	F	0.01%
ZURA	D	0.01%
SCL	D	0.01%
AVAH	D	0.01%
DSP	C	0.01%
LIVN	B	0.01%
NBR	F	0.01%
PESI	B	0.01%
ALTG	F	0.01%
LBRT	F	0.01%
MGNX	F	0.01%
EB	F	0.01%
UMH	C	0.01%
GOGO	F	0.01%
CRD.B	B	0.01%
WKC	A	0.01%
EYPT	F	0.01%
RICK	F	0.01%
LXEO	F	0.01%
INSE	C	0.01%
INDI	F	0.01%
JSPR	D	0.01%
SNCY	D	0.01%
PRME	F	0.01%
ANDE	D	0.01%
CTRI	F	0.01%
KNTK	B	0.01%
SPCE	F	0.0%
EP	D	0.0%
ALNT	F	0.0%
CDT	F	0.0%
TVGN	F	0.0%
MKTW	F	0.0%
QRTEB	D	0.0%
BAER	F	0.0%
SCLX	F	0.0%
MGX	F	0.0%
SES	F	0.0%
MASS	F	0.0%
ELYM	F	0.0%
SKYE	F	0.0%
TDUP	F	0.0%
PGEN	F	0.0%
HLVX	F	0.0%
ULBI	D	0.0%
VGAS	D	0.0%
GRWG	F	0.0%
LYRA	F	0.0%
ATLC	C	0.0%
RSVR	C	0.0%
BOLD	D	0.0%
RENB	F	0.0%
AGEN	F	0.0%
HOWL	F	0.0%
AMPX	F	0.0%
LSEA	D	0.0%
SLDB	F	0.0%
ARQ	D	0.0%
VRCA	F	0.0%
ELEV	F	0.0%
IIIV	F	0.0%
TELO	D	0.0%
AISP	F	0.0%
CTV	F	0.0%
ATOS	C	0.0%
BOC	D	0.0%
GCTS	F	0.0%
DTI	F	0.0%
SHYF	D	0.0%
MEC	B	0.0%
DIBS	F	0.0%
ALDX	C	0.0%
HRTX	F	0.0%
MITT	C	0.0%
AVTE	D	0.0%
CZFS	C	0.0%
AKBA	F	0.0%
EVC	D	0.0%
ARIS	C	0.0%
ORN	F	0.0%
DLHC	F	0.0%
UHG	D	0.0%
TERN	D	0.0%
LASR	F	0.0%
TNYA	F	0.0%
FUBO	F	0.0%
CHRS	F	0.0%
CDXS	D	0.0%
EHAB	F	0.0%
GALT	C	0.0%
PROP	F	0.0%
SST	F	0.0%
AHH	F	0.0%
VALU	C	0.0%
CLBK	F	0.0%
INNV	D	0.0%
NGS	D	0.0%
CRDF	D	0.0%
NVTS	F	0.0%
HCAT	C	0.0%
MOND	F	0.0%
USCB	D	0.0%
OABI	F	0.0%
FG	B	0.0%
RDW	B	0.0%
HDSN	D	0.0%
BOW	D	0.0%
AOMR	F	0.0%
GMGI	F	0.0%
GUTS	F	0.0%
EYE	F	0.0%
QBTS	F	0.0%
OTLK	F	0.0%
AILE	F	0.0%
OUST	F	0.0%
SNDA	D	0.0%
CABA	F	0.0%
LVO	F	0.0%
MYFW	C	0.0%
DNTH	D	0.0%
KYTX	F	0.0%
PLL	D	0.0%
STTK	F	0.0%
PCRX	F	0.0%
OBIO	F	0.0%
PAL	F	0.0%
PSTX	F	0.0%
AIRS	D	0.0%
BMBL	F	0.0%
EVGO	D	0.0%
ITIC	C	0.0%
ARKO	C	0.0%
ATNM	F	0.0%
KRRO	F	0.0%
PTVE	D	0.0%
OPEN	F	0.0%
CLPR	B	0.0%
QTRX	F	0.0%
CTNM	D	0.0%
NWPX	C	0.0%
LXRX	F	0.0%
BLNK	F	0.0%
ANIK	D	0.0%
BOOM	D	0.0%
HOV	D	0.0%
DCGO	F	0.0%
ALXO	F	0.0%
AVO	C	0.0%
CRGX	D	0.0%
MLYS	B	0.0%
VTSI	F	0.0%
CCO	D	0.0%
OVID	D	0.0%
CRSR	D	0.0%
MCBS	D	0.0%
DAKT	D	0.0%

IWO Underweight 196 Positions Relative to FLQS

Symbol	Grade	Weight
ESNT	C	-0.93%
JXN	A	-0.92%
CMC	D	-0.78%
GPI	C	-0.71%
SWX	C	-0.67%
KFY	C	-0.63%
MATX	C	-0.62%
SIG	C	-0.61%
HOMB	D	-0.58%
PNM	B	-0.53%
CEIX	B	-0.51%
PBH	D	-0.51%
CRC	B	-0.49%
MHO	C	-0.49%
BXMT	C	-0.49%
IIPR	C	-0.48%
BNL	C	-0.46%
NWE	B	-0.46%
RUSHA	D	-0.43%
SR	C	-0.43%
HCC	B	-0.42%
ASB	F	-0.41%
TGNA	B	-0.4%
AVA	D	-0.39%
GNW	C	-0.39%
EPRT	C	-0.39%
STNG	D	-0.39%
FCPT	C	-0.37%
BTU	B	-0.37%
UNF	A	-0.35%
PBF	F	-0.35%
TDS	B	-0.35%
ARCH	D	-0.32%
STRA	F	-0.3%
VSH	F	-0.29%
CVBF	B	-0.28%
LZB	C	-0.28%
FL	F	-0.28%
NBTB	D	-0.27%
PRMW	C	-0.27%
PRDO	D	-0.26%
CNO	C	-0.26%
INSW	B	-0.25%
SBH	C	-0.25%
MLKN	F	-0.25%
ENVA	D	-0.25%
NHC	D	-0.23%
SJW	D	-0.23%
ROIC	C	-0.22%
GEF	D	-0.22%
EPC	F	-0.22%
REZI	D	-0.21%
NWBI	D	-0.21%
LTC	D	-0.2%
GEO	F	-0.2%
NWN	C	-0.19%
HELE	D	-0.18%
HOPE	D	-0.18%
INMD	F	-0.18%
WMK	D	-0.18%
UVV	D	-0.18%
PDM	C	-0.17%
GIII	C	-0.17%
NTCT	B	-0.17%
AAT	C	-0.17%
SCS	D	-0.17%
IMKTA	F	-0.16%
PRK	D	-0.16%
ACT	C	-0.16%
MD	B	-0.15%
TNK	B	-0.15%
GABC	D	-0.15%
ODP	F	-0.15%
SPNS	C	-0.14%
SRCE	D	-0.14%
FWRD	D	-0.13%
SPTN	B	-0.13%
DLX	F	-0.13%
HSII	C	-0.13%
OCFC	C	-0.13%
PEBO	F	-0.13%
UNFI	B	-0.12%
UTL	C	-0.12%
MNRO	B	-0.12%
ETH	F	-0.12%
BLX	C	-0.12%
CNXN	C	-0.12%
PFBC	D	-0.12%
BRKL	D	-0.12%
SCVL	D	-0.11%
DHT	B	-0.11%
GOGL	B	-0.11%
BHE	C	-0.11%
SYBT	D	-0.11%
SMP	D	-0.11%
EBF	C	-0.1%
WNC	F	-0.1%
CMRE	B	-0.1%
CHUY	B	-0.1%
TMP	D	-0.1%
SCHL	F	-0.1%
KELYA	D	-0.09%
LILAK	D	-0.09%
SXC	F	-0.09%
ASC	D	-0.09%
TRTX	D	-0.08%
TRST	D	-0.08%
EGBN	B	-0.08%
MATW	F	-0.08%
BDN	A	-0.07%
RYI	F	-0.07%
HVT	F	-0.07%
CCRN	F	-0.07%
ACCO	C	-0.07%
RMR	B	-0.06%
NUS	F	-0.06%
RUSHB	D	-0.06%
CCSI	C	-0.06%
FMNB	D	-0.06%
SMBC	C	-0.06%
NFBK	D	-0.06%
PGRE	D	-0.06%
USNA	F	-0.06%
AMSWA	C	-0.05%
BV	B	-0.05%
MOV	F	-0.05%
LILA	B	-0.05%
FFIC	D	-0.05%
TCMD	B	-0.05%
FCBC	D	-0.05%
NAT	D	-0.05%
NPK	F	-0.05%
VLGEA	C	-0.05%
RGP	F	-0.05%
CPF	C	-0.05%
CFB	D	-0.05%
GEF	D	-0.05%
SPOK	D	-0.04%
VPG	F	-0.04%
VNDA	F	-0.04%
RMAX	C	-0.04%
PKST	D	-0.04%
GNTY	D	-0.04%
FLIC	C	-0.04%
NECB	C	-0.04%
LINC	D	-0.04%
TITN	F	-0.04%
MCFT	F	-0.04%
LXFR	C	-0.04%
CMTG	F	-0.04%
SB	B	-0.04%
HTBK	D	-0.04%
OLP	C	-0.03%
CIO	C	-0.03%
AVNW	F	-0.03%
RLGT	C	-0.03%
PKBK	C	-0.03%
MG	B	-0.03%
WEYS	C	-0.03%
MED	F	-0.03%
GRNT	F	-0.03%
IMMR	D	-0.03%
AMCX	F	-0.03%
BMRC	D	-0.03%
DBI	F	-0.03%
HBCP	D	-0.03%
VRA	F	-0.02%
III	F	-0.02%
MYPS	F	-0.02%
ESCA	D	-0.02%
REFI	C	-0.02%
RELL	B	-0.02%
HBB	B	-0.02%
CHMG	C	-0.02%
CZNC	D	-0.02%
ESSA	C	-0.02%
HOFT	D	-0.02%
DXLG	F	-0.02%
IBEX	C	-0.02%
JAKK	C	-0.02%
SNBR	C	-0.02%
KRNY	C	-0.02%
JOUT	F	-0.02%
LCUT	F	-0.01%
FENC	F	-0.01%
NL	C	-0.01%
CPSS	C	-0.01%
FSTR	D	-0.01%
SEVN	C	-0.01%
QIPT	F	-0.01%
GAMB	C	-0.01%
CMT	F	-0.01%
FORR	F	-0.01%
GPMT	D	-0.01%
FLXS	C	-0.01%
NREF	B	-0.01%