IWO vs. PFM ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to PowerShares Dividend Achievers (PFM)

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

$282.87

Average Daily Volume

396,759

Number of Holdings ^*

1083

* may have additional holdings in another (foreign) market

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$46.32

Average Daily Volume

27,833

Number of Holdings ^*

418

* may have additional holdings in another (foreign) market

Performance

Period	IWO	PFM
30 Days	4.52%	2.22%
60 Days	10.23%	8.97%
90 Days	8.43%	8.13%
12 Months	30.77%	30.69%

54 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in PFM	Overlap
AGM	D	0.11%	0.01%	0.01%
AIT	B	0.64%	0.04%	0.04%
AMSF	B	0.03%	0.0%	0.0%
ANDE	D	0.01%	0.01%	0.01%
APOG	B	0.04%	0.01%	0.01%
AWR	B	0.13%	0.01%	0.01%
BANF	D	0.02%	0.01%	0.01%
BCPC	C	0.42%	0.02%	0.02%
BMI	A	0.48%	0.03%	0.03%
CASS	F	0.04%	0.0%	0.0%
CBT	B	0.45%	0.03%	0.03%
CCOI	B	0.25%	0.02%	0.02%
CHCO	D	0.01%	0.01%	0.01%
CNS	C	0.2%	0.02%	0.02%
CSGS	B	0.11%	0.01%	0.01%
CWT	D	0.06%	0.01%	0.01%
ENSG	D	0.6%	0.04%	0.04%
EXPO	A	0.43%	0.03%	0.03%
FELE	C	0.35%	0.02%	0.02%
FFIN	D	0.35%	0.02%	0.02%
FUL	F	0.09%	0.02%	0.02%
GFF	C	0.2%	0.02%	0.02%
GRC	B	0.06%	0.0%	0.0%
HI	F	0.05%	0.01%	0.01%
HNI	B	0.09%	0.01%	0.01%
HWKN	B	0.18%	0.01%	0.01%
HY	D	0.03%	0.0%	0.0%
IOSP	F	0.18%	0.01%	0.01%
JJSF	C	0.2%	0.01%	0.01%
KAI	C	0.29%	0.02%	0.02%
KWR	F	0.17%	0.01%	0.01%
LANC	F	0.26%	0.02%	0.02%
LKFN	D	0.01%	0.01%	0.01%
LMAT	A	0.14%	0.01%	0.01%
LNN	C	0.05%	0.01%	0.01%
MGEE	C	0.11%	0.01%	0.01%
MSEX	C	0.01%	0.01%	0.01%
MTRN	F	0.16%	0.01%	0.01%
NSP	F	0.23%	0.01%	0.01%
ODC	D	0.01%	0.0%	0.0%
OTTR	F	0.11%	0.01%	0.01%
PLOW	D	0.04%	0.0%	0.0%
POWI	F	0.26%	0.02%	0.02%
SCL	D	0.01%	0.01%	0.01%
SIGI	D	0.36%	0.02%	0.02%
SXI	B	0.12%	0.01%	0.01%
TNC	F	0.06%	0.01%	0.01%
TRN	C	0.19%	0.01%	0.01%
UFPI	C	0.34%	0.03%	0.03%
UHT	D	0.04%	0.0%	0.0%
WDFC	B	0.26%	0.02%	0.02%
WOR	F	0.09%	0.01%	0.01%
WTS	C	0.42%	0.02%	0.02%
YORW	F	0.01%	0.0%	0.0%

IWO Overweight 1029 Positions Relative to PFM

Symbol	Grade	Weight
PCVX	C	1.03%
FTAI	A	1.0%
INSM	D	0.86%
SFM	A	0.84%
FN	B	0.63%
CRS	B	0.56%
MLI	B	0.56%
FLR	B	0.55%
LNTH	C	0.54%
HALO	D	0.53%
SPSC	D	0.53%
SPXC	A	0.53%
HQY	B	0.51%
ANF	D	0.51%
HLNE	A	0.49%
MOD	B	0.49%
NOVT	C	0.47%
RHP	B	0.47%
CVLT	B	0.46%
GKOS	B	0.46%
EXLS	B	0.45%
CSWI	A	0.45%
CWST	D	0.45%
VRNS	B	0.45%
NSIT	B	0.44%
IBP	C	0.44%
CHX	C	0.44%
MOG.A	C	0.43%
MMSI	C	0.42%
FSS	D	0.42%
BPMC	F	0.42%
MMS	C	0.42%
DY	C	0.41%
AVAV	B	0.41%
ZETA	B	0.4%
ACIW	A	0.4%
RNA	B	0.39%
ALTR	B	0.39%
KNF	B	0.38%
BECN	D	0.38%
BCO	C	0.38%
GTLS	D	0.38%
ZWS	A	0.37%
BOOT	B	0.37%
PIPR	A	0.37%
TENB	D	0.36%
PI	A	0.36%
TMDX	D	0.35%
ALKS	B	0.35%
QLYS	F	0.35%
RVMD	B	0.34%
KRYS	D	0.34%
HRI	B	0.34%
RDNT	C	0.34%
KTB	C	0.34%
VRRM	D	0.34%
QTWO	B	0.34%
RMBS	F	0.33%
ITRI	C	0.33%
FCFS	F	0.33%
ADMA	A	0.33%
BOX	C	0.33%
STRL	B	0.32%
HAE	F	0.3%
MGY	B	0.3%
OSCR	C	0.3%
WHD	A	0.3%
CRNX	C	0.3%
NXT	F	0.3%
CRDO	B	0.29%
AEIS	B	0.29%
SHAK	A	0.29%
WK	D	0.29%
FTDR	B	0.28%
CORT	B	0.28%
CWAN	B	0.28%
LRN	D	0.27%
TDW	F	0.27%
NUVL	B	0.27%
IDCC	A	0.27%
SHOO	A	0.27%
SLAB	D	0.27%
BHVN	C	0.27%
STEP	A	0.27%
MDGL	F	0.27%
RXO	D	0.27%
HIMS	C	0.27%
ENS	B	0.27%
CVCO	C	0.27%
SG	C	0.26%
AROC	B	0.26%
BLKB	C	0.26%
ACLX	C	0.26%
AXNX	A	0.26%
NE	F	0.25%
AXSM	D	0.25%
MWA	A	0.25%
ACLS	F	0.25%
MC	B	0.25%
MARA	F	0.25%
FORM	D	0.25%
EAT	A	0.24%
SXT	C	0.24%
AEO	C	0.24%
SMPL	D	0.24%
PJT	A	0.24%
CBZ	F	0.24%
TGTX	D	0.24%
GMS	B	0.24%
RKLB	B	0.24%
PRCT	D	0.24%
BWIN	A	0.24%
LCII	C	0.23%
TNET	D	0.23%
ATKR	F	0.23%
ATMU	A	0.23%
SITM	A	0.23%
ICFI	C	0.23%
EVH	D	0.23%
BL	D	0.23%
PATK	A	0.23%
FOLD	F	0.23%
GVA	A	0.22%
UPST	C	0.22%
ACVA	C	0.22%
ROAD	C	0.22%
DORM	C	0.22%
ENV	C	0.22%
ITGR	B	0.22%
YOU	C	0.21%
PRGS	A	0.21%
DYN	D	0.21%
AUR	C	0.21%
PRIM	A	0.21%
CRVL	C	0.21%
SQSP	A	0.21%
RYTM	C	0.21%
WD	C	0.2%
GH	F	0.2%
CARG	C	0.2%
PRFT	A	0.2%
HGV	F	0.2%
TNDM	D	0.2%
FUN	F	0.2%
BCC	C	0.2%
APAM	B	0.2%
SMTC	C	0.2%
ASTH	B	0.19%
TWST	D	0.19%
BDC	A	0.19%
SEM	D	0.19%
DOCN	B	0.19%
IDYA	F	0.19%
VC	F	0.19%
AMR	F	0.19%
HBI	B	0.19%
MGRC	D	0.19%
OII	D	0.19%
ALRM	F	0.19%
PTGX	C	0.19%
UEC	C	0.19%
IOVA	D	0.18%
COMP	C	0.18%
KLIC	D	0.18%
AGYS	D	0.18%
IPAR	D	0.18%
CNK	D	0.18%
RPD	D	0.18%
SKY	C	0.18%
OPCH	F	0.18%
ARCB	F	0.18%
SWTX	F	0.17%
VAL	F	0.17%
OSIS	C	0.17%
UFPT	D	0.17%
IRTC	F	0.17%
YELP	D	0.17%
TBBK	A	0.17%
CPRX	C	0.17%
ENR	B	0.17%
EPAC	A	0.17%
VCTR	A	0.17%
ARWR	F	0.17%
PLMR	A	0.17%
FRSH	F	0.17%
KYMR	D	0.16%
JOE	D	0.16%
PTCT	C	0.16%
CNMD	F	0.16%
POWL	B	0.16%
BRZE	F	0.16%
VERX	B	0.16%
NARI	F	0.16%
EVTC	D	0.16%
APGE	C	0.16%
BBIO	F	0.16%
COOP	B	0.16%
VCEL	F	0.15%
MQ	F	0.15%
RELY	F	0.15%
AZZ	B	0.15%
CLSK	F	0.15%
BATRK	F	0.15%
KOS	F	0.15%
EWTX	B	0.15%
CAKE	A	0.15%
GSHD	B	0.15%
NATL	D	0.15%
DNLI	C	0.15%
ACAD	F	0.14%
GOLF	F	0.14%
BE	F	0.14%
AMPH	C	0.14%
HURN	D	0.14%
AI	D	0.14%
INTA	C	0.14%
FLYW	F	0.14%
DRS	A	0.14%
JOBY	C	0.14%
VERA	C	0.13%
MYRG	D	0.13%
PFSI	C	0.13%
PLUS	B	0.13%
RXST	F	0.13%
CLDX	F	0.13%
PAR	D	0.13%
KROS	C	0.13%
VYX	C	0.13%
LAUR	C	0.13%
STAA	D	0.13%
PRVA	F	0.13%
GERN	D	0.13%
ALG	F	0.13%
TGLS	B	0.12%
TFIN	F	0.12%
AMN	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%
IESC	A	0.12%
ESE	C	0.12%
IONQ	C	0.12%
PD	F	0.12%
PAYO	A	0.12%
PRKS	C	0.12%
OSW	B	0.12%
SNDX	F	0.12%
CALX	C	0.12%
KTOS	B	0.12%
IMVT	D	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%
PSMT	A	0.11%
HEES	D	0.11%
CHEF	C	0.11%
RXRX	F	0.11%
AVPT	A	0.11%
RDFN	C	0.11%
AESI	B	0.11%
BLBD	D	0.11%
VECO	F	0.11%
BCRX	D	0.11%
PACS	C	0.11%
HLIT	D	0.11%
UPWK	D	0.1%
PZZA	D	0.1%
COLL	A	0.1%
SONO	F	0.1%
ENVX	D	0.1%
FLNC	C	0.1%
BKE	B	0.1%
APPN	C	0.1%
SOUN	F	0.1%
WWW	B	0.1%
WRBY	B	0.1%
NVAX	C	0.1%
TRUP	B	0.1%
HROW	B	0.1%
NSSC	F	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%
SKT	A	0.1%
MGNI	D	0.1%
JAMF	F	0.1%
ALKT	D	0.1%
KURA	F	0.1%
LOB	B	0.1%
THRM	F	0.1%
SLNO	B	0.09%
EXPI	C	0.09%
AMRX	B	0.09%
ZUO	F	0.09%
CRAI	B	0.09%
MGPI	F	0.09%
VITL	C	0.09%
HRMY	D	0.09%
MTTR	B	0.09%
VRTS	D	0.09%
DVAX	F	0.09%
TARS	C	0.09%
LBPH	D	0.09%
AVDL	F	0.09%
TPH	C	0.09%
RRR	D	0.09%
SOC	C	0.09%
PHR	F	0.09%
JANX	C	0.09%
AGX	A	0.09%
USPH	F	0.09%
MNKD	B	0.09%
ALHC	C	0.08%
ARQT	D	0.08%
ROCK	D	0.08%
ARRY	F	0.08%
CWH	C	0.08%
ASO	D	0.08%
PWP	A	0.08%
COUR	F	0.08%
OUT	C	0.08%
XPEL	D	0.08%
CGON	C	0.08%
TRNS	D	0.08%
HLIO	B	0.08%
ADEA	B	0.08%
BKD	F	0.08%
AMBA	C	0.08%
PLAY	D	0.08%
VRDN	B	0.08%
DFIN	B	0.08%
REVG	D	0.08%
PLXS	A	0.08%
COCO	C	0.08%
KALU	D	0.08%
FIZZ	F	0.08%
CTS	B	0.08%
SAVA	D	0.08%
SFBS	B	0.08%
ARLO	F	0.08%
KFRC	F	0.08%
AGL	F	0.08%
KLG	F	0.08%
RCKT	F	0.08%
NMRA	C	0.08%
ADUS	D	0.07%
MRVI	F	0.07%
HCI	B	0.07%
LZ	D	0.07%
CLB	D	0.07%
DNUT	F	0.07%
NABL	F	0.07%
RVLV	C	0.07%
ASAN	F	0.07%
COGT	B	0.07%
JACK	F	0.07%
WLY	A	0.07%
CXM	F	0.07%
SHLS	F	0.07%
PNTG	C	0.07%
SMR	C	0.07%
WULF	C	0.07%
EOLS	C	0.07%
ASGN	D	0.07%
PDFS	F	0.07%
KNSA	D	0.07%
MXL	D	0.07%
CMPR	F	0.07%
ERII	C	0.07%
NRIX	D	0.07%
USLM	C	0.07%
SDGR	F	0.07%
QNST	C	0.07%
GPOR	B	0.07%
OEC	F	0.07%
PRAX	B	0.07%
VZIO	A	0.07%
ATEN	B	0.07%
MCRI	B	0.07%
EXTR	D	0.07%
CDRE	A	0.07%
DFH	C	0.07%
CVI	D	0.06%
XMTR	F	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	B	0.06%
GBTG	B	0.06%
UTZ	D	0.06%
SM	D	0.06%
CECO	D	0.06%
KBH	D	0.06%
BLND	C	0.06%
PRO	F	0.06%
RCUS	D	0.06%
CENX	C	0.06%
JBSS	F	0.06%
IMAX	D	0.06%
DRVN	C	0.06%
BBSI	B	0.06%
ELVN	A	0.06%
ATRC	C	0.06%
OXM	F	0.06%
LPRO	D	0.05%
AIV	D	0.05%
PUBM	F	0.05%
GDYN	B	0.05%
AXGN	C	0.05%
TPB	C	0.05%
UTI	F	0.05%
TTGT	F	0.05%
SLVM	C	0.05%
CDMO	D	0.05%
LPG	F	0.05%
DAWN	D	0.05%
SSTK	F	0.05%
ACHR	F	0.05%
APLD	C	0.05%
AIN	F	0.05%
ZIP	D	0.05%
ACMR	D	0.05%
URBN	F	0.05%
AMPL	D	0.05%
ANAB	D	0.05%
BSIG	D	0.05%
LMND	F	0.05%
BLMN	F	0.05%
IMNM	F	0.05%
YEXT	B	0.05%
PECO	C	0.05%
UDMY	F	0.05%
GRBK	C	0.05%
IE	D	0.05%
VVI	B	0.05%
SPRY	C	0.05%
AUPH	C	0.05%
MEG	F	0.05%
GSAT	F	0.05%
LQDT	C	0.04%
CEVA	B	0.04%
HLF	F	0.04%
JELD	D	0.04%
AHCO	D	0.04%
YMAB	C	0.04%
HUMA	F	0.04%
APLT	C	0.04%
SBGI	A	0.04%
WEAV	B	0.04%
SLP	F	0.04%
MYE	F	0.04%
PLAB	D	0.04%
NRDS	D	0.04%
EVLV	C	0.04%
VICR	C	0.04%
EVER	D	0.04%
ARHS	F	0.04%
MCW	F	0.04%
ALX	D	0.04%
ARCT	D	0.04%
ATGE	D	0.04%
ABUS	D	0.04%
MAX	C	0.04%
XNCR	D	0.04%
THRY	F	0.04%
EU	C	0.04%
NEXT	F	0.04%
AMBP	B	0.04%
RVNC	F	0.04%
OSPN	D	0.04%
TREE	C	0.04%
SEMR	C	0.04%
ATEC	F	0.04%
CCB	B	0.04%
WVE	C	0.04%
IMXI	F	0.04%
CYTK	D	0.04%
CATX	D	0.04%
EVRI	A	0.04%
PTLO	C	0.04%
NN	D	0.04%
SANA	F	0.04%
GCT	C	0.04%
BASE	F	0.04%
HCKT	D	0.04%
DBRG	D	0.04%
ACEL	C	0.04%
LQDA	F	0.04%
LEU	A	0.04%
FA	A	0.04%
BJRI	B	0.03%
MNTK	D	0.03%
FDMT	F	0.03%
ASPN	C	0.03%
HLMN	C	0.03%
SRDX	D	0.03%
ATEX	D	0.03%
CAL	F	0.03%
NRC	F	0.03%
DSGR	A	0.03%
CDNA	B	0.03%
TSHA	F	0.03%
TNGX	F	0.03%
CCS	C	0.03%
AX	D	0.03%
SKWD	A	0.03%
NPO	C	0.03%
GETY	D	0.03%
URGN	F	0.03%
CELC	F	0.03%
NVEC	D	0.03%
SVRA	F	0.03%
ALEC	F	0.03%
WRLD	F	0.03%
CTRE	C	0.03%
DMRC	D	0.03%
BAND	C	0.03%
CBL	D	0.03%
IRMD	B	0.03%
BYND	D	0.03%
XERS	B	0.03%
BFS	C	0.03%
ESQ	C	0.03%
MITK	F	0.03%
TTI	D	0.03%
CYH	C	0.03%
IBRX	F	0.03%
IDT	C	0.03%
AVBP	D	0.03%
BIGC	F	0.03%
AMRC	C	0.03%
MNMD	F	0.03%
CRMD	A	0.03%
CLMB	B	0.03%
PRTA	F	0.03%
DHIL	C	0.03%
CRGY	B	0.03%
BBW	A	0.03%
CIFR	C	0.03%
INOD	D	0.03%
ATXS	C	0.03%
BATRA	F	0.03%
CTLP	B	0.03%
AGS	A	0.03%
KALV	F	0.03%
PX	A	0.03%
ENFN	C	0.03%
LFST	C	0.03%
STOK	D	0.03%
IBTA	C	0.03%
SIBN	F	0.03%
KRUS	D	0.03%
GIC	D	0.03%
FWRG	F	0.03%
CASH	C	0.03%
GCMG	A	0.03%
SRRK	F	0.03%
VSCO	C	0.03%
TYRA	C	0.03%
FC	C	0.03%
AIR	C	0.03%
DJCO	C	0.03%
REAL	C	0.02%
PCT	C	0.02%
UP	D	0.02%
IGMS	C	0.02%
JBT	B	0.02%
MRTN	F	0.02%
SERA	F	0.02%
LOVE	C	0.02%
SGHT	D	0.02%
NOG	D	0.02%
LNZA	D	0.02%
GCBC	F	0.02%
WTI	C	0.02%
AIP	F	0.02%
EWCZ	F	0.02%
VSEC	D	0.02%
SYNA	F	0.02%
RIGL	B	0.02%
WEST	F	0.02%
ABSI	F	0.02%
TRAK	D	0.02%
NGNE	B	0.02%
MCY	B	0.02%
MLAB	B	0.02%
PBPB	D	0.02%
SIGA	F	0.02%
SPIR	D	0.02%
LIND	C	0.02%
SKYT	D	0.02%
ULCC	C	0.02%
NVEE	F	0.02%
TDOC	D	0.02%
HTLD	F	0.02%
SNEX	B	0.02%
DENN	D	0.02%
SAH	D	0.02%
CSTL	B	0.02%
SVV	D	0.02%
NTST	F	0.02%
LAZR	F	0.02%
OLO	F	0.02%
DOMO	F	0.02%
HSTM	B	0.02%
EGHT	D	0.02%
MAMA	D	0.02%
CRCT	C	0.02%
OCGN	F	0.02%
VMD	C	0.02%
ALT	F	0.02%
IIIN	F	0.02%
TH	F	0.02%
FBP	B	0.02%
CBRL	D	0.02%
NMIH	B	0.02%
CENTA	F	0.02%
BLZE	D	0.02%
RIOT	F	0.02%
TALK	D	0.02%
LRMR	F	0.02%
TMCI	F	0.02%
MIR	B	0.02%
BMEA	D	0.02%
RCEL	D	0.02%
XPOF	F	0.02%
SFL	D	0.02%
CHPT	F	0.02%
SABR	C	0.02%
INST	C	0.02%
LUNG	D	0.02%
ITI	A	0.02%
CYRX	F	0.02%
CMPO	B	0.02%
GRND	D	0.02%
SEAT	F	0.02%
NIC	D	0.02%
HLX	C	0.02%
WERN	D	0.02%
BYRN	A	0.02%
FNA	F	0.02%
DIOD	F	0.02%
PLSE	D	0.02%
RDVT	D	0.02%
LESL	F	0.02%
PDCO	F	0.02%
GHM	D	0.02%
LYTS	B	0.02%
CERS	F	0.02%
ICHR	D	0.02%
BWMN	F	0.02%
DAVE	C	0.02%
METC	D	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	A	0.02%
MDXG	F	0.02%
ROOT	F	0.02%
VGR	B	0.02%
MLNK	F	0.02%
CON	F	0.02%
STER	C	0.02%
DK	F	0.02%
SEZL	C	0.02%
CSV	D	0.02%
AEHR	F	0.02%
AKRO	D	0.02%
CVLG	D	0.01%
AKYA	D	0.01%
SVCO	F	0.01%
WGS	A	0.01%
HLLY	F	0.01%
FOR	D	0.01%
NOTE	F	0.01%
NGVC	D	0.01%
STRW	B	0.01%
NRDY	F	0.01%
REKR	F	0.01%
HQI	D	0.01%
EMBC	F	0.01%
STKS	F	0.01%
EP	F	0.01%
CVGW	B	0.01%
OMER	F	0.01%
VERU	F	0.01%
WBTN	F	0.01%
GCO	D	0.01%
CRVO	F	0.01%
ALMS	F	0.01%
SHBI	D	0.01%
GLSI	F	0.01%
SYRE	D	0.01%
RCKY	C	0.01%
CTGO	F	0.01%
MODV	F	0.01%
INVA	B	0.01%
EVI	D	0.01%
INMB	F	0.01%
AMWD	C	0.01%
CENT	F	0.01%
ESPR	D	0.01%
FBLG	D	0.01%
DIN	D	0.01%
QUAD	D	0.01%
QUIK	F	0.01%
CWCO	F	0.01%
SCWO	C	0.01%
NPCE	F	0.01%
NTIC	F	0.01%
EVEX	D	0.01%
THR	F	0.01%
IAS	F	0.01%
MRAM	D	0.01%
GNE	F	0.01%
DC	D	0.01%
ACCD	F	0.01%
PFIS	D	0.01%
STXS	F	0.01%
OPFI	C	0.01%
SKIN	F	0.01%
FULC	F	0.01%
PAHC	C	0.01%
PSTL	D	0.01%
INBX	C	0.01%
AQST	C	0.01%
ACHV	C	0.01%
UVE	C	0.01%
EGAN	F	0.01%
SMLR	F	0.01%
ULH	B	0.01%
TILE	C	0.01%
RAPP	D	0.01%
SSTI	F	0.01%
PKE	D	0.01%
FFWM	D	0.01%
TRVI	D	0.01%
PRCH	D	0.01%
BBAI	D	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%
JILL	F	0.01%
TIPT	B	0.01%
SMTI	F	0.01%
LWAY	B	0.01%
ACIC	D	0.01%
XFOR	F	0.01%
PMTS	D	0.01%
BDTX	F	0.01%
SKYH	C	0.01%
ARTV	B	0.01%
CRBP	F	0.01%
ZYXI	F	0.01%
PETQ	A	0.01%
PEPG	F	0.01%
RNAC	C	0.01%
ISPR	F	0.01%
JYNT	F	0.01%
TCRX	F	0.01%
PLUG	D	0.01%
CDZI	D	0.01%
PAYS	F	0.01%
INFU	D	0.01%
CDLX	F	0.01%
SCPH	F	0.01%
LAB	F	0.01%
QRHC	F	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%
BTMD	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	F	0.01%
ARDT	C	0.01%
ANRO	F	0.01%
GWRS	D	0.01%
EVCM	D	0.01%
ZVRA	D	0.01%
HEAR	C	0.01%
MSGE	B	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	C	0.01%
LGIH	C	0.01%
OMI	F	0.01%
TCX	F	0.01%
ZURA	C	0.01%
OFLX	D	0.01%
CDXC	C	0.01%
AVAH	D	0.01%
DSP	B	0.01%
KRT	F	0.01%
LIVN	C	0.01%
PFMT	D	0.01%
NBR	D	0.01%
PESI	B	0.01%
ALTG	F	0.01%
LBRT	D	0.01%
MGNX	F	0.01%
EB	F	0.01%
UMH	D	0.01%
GOGO	F	0.01%
CRD.B	C	0.01%
KREF	C	0.01%
WKC	A	0.01%
EYPT	F	0.01%
NATH	B	0.01%
RGR	F	0.01%
RICK	F	0.01%
LXEO	F	0.01%
INSE	C	0.01%
INDI	F	0.01%
IRWD	F	0.01%
CALM	A	0.01%
JSPR	F	0.01%
SNCY	F	0.01%
PRME	F	0.01%
CTRI	F	0.01%
KNTK	A	0.01%
VIRC	D	0.0%
SPCE	F	0.0%
EP	F	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%
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	D	0.0%
LYRA	F	0.0%
ATLC	B	0.0%
RSVR	D	0.0%
BOLD	F	0.0%
RENB	F	0.0%
AGEN	F	0.0%
HOWL	F	0.0%
PTSI	F	0.0%
AMPX	D	0.0%
RMNI	F	0.0%
LSEA	D	0.0%
BSVN	D	0.0%
SLDB	F	0.0%
ARQ	D	0.0%
VRCA	F	0.0%
ELEV	F	0.0%
IIIV	D	0.0%
TELO	D	0.0%
AISP	F	0.0%
APEI	F	0.0%
CTV	F	0.0%
ATOS	C	0.0%
BOC	D	0.0%
PLPC	D	0.0%
GCTS	F	0.0%
DTI	F	0.0%
FBIZ	D	0.0%
SHYF	D	0.0%
CIX	C	0.0%
ORGO	C	0.0%
MEC	C	0.0%
DIBS	F	0.0%
ALDX	C	0.0%
HRTX	D	0.0%
MITT	C	0.0%
AVTE	D	0.0%
CZFS	C	0.0%
AKBA	F	0.0%
EVC	D	0.0%
ARIS	B	0.0%
ORN	F	0.0%
DLHC	F	0.0%
UHG	D	0.0%
TERN	C	0.0%
LASR	F	0.0%
TNYA	F	0.0%
NATR	F	0.0%
FUBO	F	0.0%
SGC	D	0.0%
CHRS	F	0.0%
CDXS	C	0.0%
EHAB	F	0.0%
GALT	C	0.0%
PROP	D	0.0%
SST	F	0.0%
PBYI	F	0.0%
MLR	B	0.0%
AHH	F	0.0%
VALU	C	0.0%
CLBK	F	0.0%
HBIO	F	0.0%
OOMA	C	0.0%
CHCT	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%
FLWS	F	0.0%
CURV	F	0.0%
USCB	D	0.0%
OABI	F	0.0%
FG	B	0.0%
RDW	B	0.0%
MPX	D	0.0%
HDSN	F	0.0%
BOW	D	0.0%
AOMR	F	0.0%
GMGI	F	0.0%
GUTS	F	0.0%
EYE	F	0.0%
QBTS	D	0.0%
RM	D	0.0%
REPX	C	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	B	0.0%
DNTH	D	0.0%
KYTX	F	0.0%
PLL	D	0.0%
SWBI	F	0.0%
STTK	F	0.0%
PCRX	D	0.0%
OBIO	F	0.0%
FIGS	C	0.0%
DXPE	C	0.0%
PAL	F	0.0%
PSTX	F	0.0%
AIRS	D	0.0%
METCB	F	0.0%
BMBL	F	0.0%
EVGO	B	0.0%
ITIC	C	0.0%
ARKO	C	0.0%
ATNM	F	0.0%
KRRO	F	0.0%
PTVE	D	0.0%
EGY	D	0.0%
OPEN	F	0.0%
CLPR	B	0.0%
QTRX	F	0.0%
CTNM	F	0.0%
EPM	B	0.0%
NWPX	B	0.0%
LXRX	F	0.0%
BLNK	F	0.0%
ANIK	F	0.0%
BOOM	D	0.0%
HOV	D	0.0%
DCGO	F	0.0%
ALXO	F	0.0%
AVO	C	0.0%
CRGX	F	0.0%
MLYS	C	0.0%
TTSH	D	0.0%
VTSI	F	0.0%
CCO	C	0.0%
MAPS	F	0.0%
OVID	D	0.0%
CRSR	D	0.0%
MCBS	D	0.0%
DAKT	D	0.0%

IWO Underweight 364 Positions Relative to PFM

Symbol	Grade	Weight
MSFT	D	-4.06%
AAPL	C	-4.01%
AVGO	B	-3.47%
WMT	A	-2.81%
JPM	C	-2.6%
UNH	B	-2.34%
XOM	A	-2.26%
ORCL	A	-2.04%
V	B	-1.99%
MA	A	-1.96%
PG	D	-1.76%
HD	A	-1.74%
COST	C	-1.7%
JNJ	D	-1.69%
ABBV	C	-1.51%
BAC	B	-1.34%
KO	C	-1.34%
MRK	F	-1.25%
CVX	B	-1.17%
PEP	F	-1.01%
LIN	C	-0.99%
ACN	B	-0.96%
MCD	A	-0.95%
CSCO	A	-0.93%
IBM	A	-0.88%
DHR	D	-0.87%
ABT	C	-0.86%
TXN	C	-0.82%
PM	D	-0.82%
VZ	C	-0.82%
CAT	A	-0.82%
QCOM	D	-0.82%
AMGN	D	-0.75%
NEE	C	-0.75%
INTU	F	-0.75%
MS	A	-0.73%
PFE	D	-0.71%
RTX	A	-0.7%
CMCSA	B	-0.7%
SPGI	C	-0.7%
GS	B	-0.68%
LOW	C	-0.67%
UNP	F	-0.65%
BLK	A	-0.61%
SYK	C	-0.6%
LMT	A	-0.6%
HON	C	-0.58%
ETN	B	-0.57%
ELV	F	-0.53%
PLD	D	-0.51%
ADI	B	-0.5%
MDT	C	-0.5%
CB	A	-0.5%
ADP	A	-0.49%
MMC	D	-0.48%
SBUX	B	-0.48%
AMT	D	-0.47%
BMY	A	-0.46%
NKE	D	-0.46%
KLAC	B	-0.45%
SO	A	-0.43%
MDLZ	D	-0.43%
UPS	D	-0.43%
SHW	C	-0.42%
ICE	A	-0.4%
ZTS	C	-0.39%
DUK	C	-0.39%
MO	D	-0.38%
TT	A	-0.38%
CL	D	-0.37%
MCO	D	-0.37%
WM	B	-0.36%
GD	C	-0.36%
CTAS	C	-0.36%
ITW	C	-0.34%
APH	D	-0.34%
CME	A	-0.34%
MMM	C	-0.33%
NOC	B	-0.33%
ECL	C	-0.32%
PNC	C	-0.32%
MSI	A	-0.32%
AON	A	-0.32%
USB	C	-0.31%
TGT	C	-0.31%
BDX	C	-0.3%
APD	C	-0.29%
CSX	D	-0.29%
MCK	F	-0.28%
AJG	C	-0.27%
AFL	A	-0.27%
EMR	B	-0.27%
RSG	D	-0.27%
EPD	A	-0.27%
ROP	D	-0.26%
TFC	D	-0.25%
MET	A	-0.25%
AEP	C	-0.24%
PSX	D	-0.24%
O	C	-0.24%
SRE	C	-0.23%
BK	A	-0.23%
TRV	B	-0.23%
ALL	A	-0.22%
GWW	B	-0.22%
KMB	D	-0.21%
PAYX	B	-0.21%
MPLX	B	-0.2%
LHX	A	-0.2%
AMP	A	-0.2%
MCHP	F	-0.19%
PRU	B	-0.19%
CMI	A	-0.19%
PEG	A	-0.19%
COR	F	-0.19%
FAST	C	-0.18%
KR	C	-0.18%
NDAQ	C	-0.18%
A	B	-0.18%
SYY	D	-0.17%
GLW	C	-0.17%
RMD	C	-0.16%
ED	C	-0.16%
NUE	D	-0.16%
XEL	C	-0.16%
HUM	F	-0.16%
EXR	D	-0.16%
HIG	A	-0.15%
HPQ	B	-0.15%
DFS	A	-0.15%
TSCO	A	-0.14%
LYB	B	-0.14%
XYL	C	-0.14%
VMC	D	-0.14%
EIX	C	-0.14%
BRO	A	-0.13%
WEC	B	-0.13%
CDW	D	-0.13%
ROK	D	-0.13%
PPG	D	-0.13%
STT	A	-0.12%
CAH	B	-0.12%
K	B	-0.12%
HSY	D	-0.12%
AWK	D	-0.12%
ADM	F	-0.12%
FITB	C	-0.12%
ES	D	-0.11%
TROW	D	-0.11%
ERIE	A	-0.11%
BR	B	-0.11%
RJF	B	-0.11%
CHD	D	-0.11%
DOV	C	-0.11%
DTE	B	-0.11%
BBY	C	-0.1%
HUBB	A	-0.1%
AEE	A	-0.1%
STE	D	-0.1%
WSM	C	-0.09%
PFG	A	-0.09%
CLX	C	-0.09%
CSL	A	-0.09%
MKC	C	-0.09%
ARE	D	-0.09%
BAH	C	-0.09%
CINF	A	-0.09%
RF	B	-0.09%
CMS	A	-0.09%
ATO	A	-0.09%
CBOE	B	-0.09%
LII	C	-0.09%
WST	D	-0.09%
WRB	C	-0.09%
HRL	F	-0.08%
WSO	C	-0.08%
FDS	C	-0.08%
AVY	D	-0.08%
JBHT	D	-0.08%
MAS	C	-0.08%
MAA	D	-0.08%
EXPD	D	-0.08%
ESS	D	-0.08%
WLK	C	-0.08%
PKG	B	-0.08%
GPC	D	-0.08%
STLD	C	-0.08%
SNA	C	-0.07%
NI	A	-0.07%
LNT	B	-0.07%
RPM	A	-0.07%
KEY	B	-0.07%
RS	D	-0.07%
IEX	D	-0.07%
SWK	C	-0.07%
FNF	C	-0.07%
TSN	D	-0.07%
DGX	D	-0.07%
SJM	D	-0.06%
JKHY	A	-0.06%
CHRW	C	-0.06%
EMN	C	-0.06%
ELS	D	-0.06%
REG	C	-0.06%
MORN	B	-0.06%
FIX	A	-0.06%
CASY	D	-0.06%
EVRG	C	-0.06%
AES	C	-0.06%
RGA	B	-0.06%
HEI	C	-0.06%
RNR	A	-0.06%
POOL	D	-0.06%
GGG	C	-0.06%
CE	D	-0.06%
UDR	C	-0.06%
NDSN	C	-0.06%
DPZ	D	-0.06%
HII	F	-0.05%
ATR	A	-0.05%
WTRG	D	-0.05%
BEN	F	-0.05%
REXR	D	-0.05%
AOS	C	-0.05%
LECO	D	-0.05%
RRX	B	-0.05%
UNM	A	-0.05%
ALB	D	-0.05%
AFG	A	-0.05%
SCI	D	-0.05%
IPG	D	-0.05%
CUBE	C	-0.05%
ITT	C	-0.05%
SSD	B	-0.04%
OGE	C	-0.04%
LAD	C	-0.04%
NNN	C	-0.04%
DCI	B	-0.04%
EGP	D	-0.04%
INGR	B	-0.04%
TTC	F	-0.04%
CHE	D	-0.04%
SEIC	B	-0.04%
RGLD	C	-0.04%
PRI	A	-0.04%
ORI	A	-0.04%
GL	C	-0.04%
MKTX	B	-0.04%
EVR	C	-0.04%
CHDN	C	-0.04%
PNW	C	-0.04%
AIZ	B	-0.04%
CADE	B	-0.03%
THO	C	-0.03%
TKR	B	-0.03%
R	C	-0.03%
TRNO	D	-0.03%
LFUS	C	-0.03%
OSK	F	-0.03%
AXS	A	-0.03%
FAF	C	-0.03%
BOKF	B	-0.03%
PB	D	-0.03%
MSA	F	-0.03%
ZION	D	-0.03%
RLI	A	-0.03%
RHI	D	-0.03%
STAG	D	-0.03%
CFR	B	-0.03%
AGCO	D	-0.03%
WTFC	B	-0.03%
SSB	C	-0.03%
FR	D	-0.03%
ADC	C	-0.03%
CBSH	D	-0.03%
WBA	F	-0.03%
NWE	C	-0.02%
MAN	D	-0.02%
PRGO	F	-0.02%
SR	D	-0.02%
IBOC	D	-0.02%
CNO	B	-0.02%
BKH	C	-0.02%
ASH	F	-0.02%
AGO	B	-0.02%
AVNT	C	-0.02%
NJR	C	-0.02%
DDS	D	-0.02%
PII	D	-0.02%
GATX	F	-0.02%
POR	D	-0.02%
FLO	D	-0.02%
OZK	D	-0.02%
AVT	B	-0.02%
MATX	C	-0.02%
UBSI	D	-0.02%
AL	D	-0.02%
UMBF	C	-0.02%
IDA	D	-0.02%
UGI	C	-0.02%
NXST	D	-0.02%
SWX	C	-0.02%
THG	A	-0.02%
SON	D	-0.02%
HOMB	D	-0.02%
MDU	C	-0.02%
NFG	A	-0.02%
SLGN	B	-0.02%
BC	C	-0.02%
SCVL	D	-0.01%
TR	D	-0.01%
WABC	F	-0.01%
UVV	D	-0.01%
TCBK	D	-0.01%
HMN	B	-0.01%
SRCE	D	-0.01%
NWN	D	-0.01%
STBA	D	-0.01%
GTY	C	-0.01%
WSBC	D	-0.01%
SYBT	C	-0.01%
SJW	D	-0.01%
DKL	B	-0.01%
NHC	D	-0.01%
NBTB	D	-0.01%
FRME	D	-0.01%
TOWN	C	-0.01%
INDB	D	-0.01%
SFNC	B	-0.01%
CPK	C	-0.01%
WAFD	D	-0.01%
ABR	C	-0.01%
AVA	D	-0.01%
WSFS	D	-0.01%
CBU	D	-0.01%
FIBK	C	-0.01%
ASB	D	-0.01%
ABM	D	-0.01%
AUB	D	-0.01%
BRC	C	-0.01%
FLIC	B	-0.0%
BMRC	D	-0.0%
JOUT	F	-0.0%
ARTNA	F	-0.0%
HVT	F	-0.0%
CTO	D	-0.0%
AROW	D	-0.0%
THFF	D	-0.0%
HIFS	D	-0.0%
WASH	C	-0.0%
SMBC	B	-0.0%
GSBC	D	-0.0%
HBNC	D	-0.0%
MBWM	D	-0.0%
MATW	F	-0.0%
HFWA	D	-0.0%
SPTN	C	-0.0%
FCBC	D	-0.0%
TMP	C	-0.0%
PFC	D	-0.0%
MNRO	B	-0.0%
CTBI	B	-0.0%
SBSI	D	-0.0%
GABC	D	-0.0%