IWO vs. VFMF ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to Vanguard U.S. Multifactor ETF (VFMF)

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

$286.32

Average Daily Volume

460,605

Number of Holdings ^*

1080

* may have additional holdings in another (foreign) market

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$130.50

Average Daily Volume

8,811

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

Performance

Period	IWO	VFMF
30 Days	1.55%	1.23%
60 Days	0.88%	1.43%
90 Days	7.83%	5.72%
12 Months	22.36%	25.02%

120 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in VFMF	Overlap
AEO	D	0.22%	0.14%	0.14%
AGM	D	0.12%	0.07%	0.07%
AGX	C	0.09%	0.1%	0.09%
AHCO	B	0.04%	0.08%	0.04%
AIT	C	0.6%	0.17%	0.17%
ALKS	C	0.35%	0.04%	0.04%
AMRX	B	0.09%	0.16%	0.09%
AMSF	C	0.03%	0.05%	0.03%
AMWD	C	0.01%	0.19%	0.01%
ANDE	D	0.01%	0.37%	0.01%
ANIP	D	0.06%	0.05%	0.05%
APOG	B	0.04%	0.09%	0.04%
ARCB	D	0.19%	0.09%	0.09%
ASO	C	0.09%	0.25%	0.09%
ATEN	C	0.07%	0.03%	0.03%
ATGE	D	0.04%	0.19%	0.04%
ATKR	F	0.24%	0.22%	0.22%
AX	D	0.03%	0.2%	0.03%
AZZ	C	0.15%	0.11%	0.11%
BBSI	B	0.06%	0.07%	0.06%
BBW	C	0.03%	0.12%	0.03%
BCC	C	0.2%	0.5%	0.2%
BECN	D	0.38%	0.07%	0.07%
BKE	B	0.1%	0.05%	0.05%
BRY	F	0.01%	0.11%	0.01%
CAL	F	0.02%	0.23%	0.02%
CALM	B	0.01%	0.17%	0.01%
CASH	B	0.04%	0.2%	0.04%
CBT	B	0.43%	0.05%	0.05%
CENTA	D	0.02%	0.21%	0.02%
CHCO	B	0.01%	0.13%	0.01%
COLL	B	0.09%	0.43%	0.09%
COOP	B	0.17%	0.17%	0.17%
CPRX	B	0.18%	0.06%	0.06%
CRVL	B	0.21%	0.07%	0.07%
CTS	D	0.08%	0.04%	0.04%
CVCO	B	0.27%	0.18%	0.18%
CVLT	B	0.46%	0.12%	0.12%
DAKT	D	0.0%	0.11%	0.0%
DXPE	C	0.0%	0.09%	0.0%
EAT	B	0.21%	0.29%	0.21%
ENS	C	0.28%	0.16%	0.16%
EPAC	B	0.17%	0.03%	0.03%
EPM	C	0.0%	0.03%	0.0%
FBP	C	0.02%	0.33%	0.02%
FELE	C	0.34%	0.03%	0.03%
FLWS	F	0.0%	0.13%	0.0%
FOR	C	0.01%	0.11%	0.01%
GFF	C	0.2%	0.3%	0.2%
GMS	C	0.24%	0.2%	0.2%
GOLF	F	0.15%	0.04%	0.04%
GPOR	C	0.07%	0.1%	0.07%
GRBK	B	0.05%	0.07%	0.05%
HBI	B	0.18%	0.06%	0.06%
HEES	D	0.1%	0.04%	0.04%
HIMS	D	0.24%	0.02%	0.02%
HNI	B	0.09%	0.04%	0.04%
HOV	C	0.0%	0.03%	0.0%
HSTM	C	0.02%	0.03%	0.02%
HWKN	B	0.18%	0.15%	0.15%
IDCC	B	0.26%	0.07%	0.07%
IDT	C	0.03%	0.08%	0.03%
IESC	C	0.1%	0.14%	0.1%
IIIN	D	0.02%	0.09%	0.02%
JACK	F	0.07%	0.03%	0.03%
JBI	F	0.11%	0.05%	0.05%
JELD	D	0.03%	0.13%	0.03%
JOE	C	0.16%	0.11%	0.11%
KBH	B	0.06%	0.15%	0.06%
KFRC	D	0.09%	0.04%	0.04%
KNTK	B	0.01%	0.12%	0.01%
KTB	B	0.32%	0.13%	0.13%
LBRT	D	0.01%	0.06%	0.01%
LPG	F	0.05%	0.15%	0.05%
LQDT	B	0.04%	0.05%	0.04%
LRN	B	0.27%	0.09%	0.09%
LYTS	C	0.02%	0.05%	0.02%
MCRI	B	0.07%	0.04%	0.04%
MCY	C	0.02%	0.08%	0.02%
MGY	C	0.29%	0.05%	0.05%
MLI	B	0.56%	0.94%	0.56%
MOG.A	B	0.43%	0.1%	0.1%
MYRG	F	0.12%	0.07%	0.07%
NMIH	B	0.02%	0.29%	0.02%
NOG	D	0.02%	0.07%	0.02%
NSIT	C	0.44%	0.25%	0.25%
OMI	D	0.01%	0.19%	0.01%
OXM	D	0.07%	0.11%	0.07%
PATK	B	0.22%	0.15%	0.15%
PFSI	B	0.13%	0.12%	0.12%
PLAB	F	0.04%	0.19%	0.04%
PLPC	F	0.0%	0.08%	0.0%
PLUS	B	0.12%	0.15%	0.12%
PSMT	B	0.11%	0.08%	0.08%
PTVE	D	0.0%	0.11%	0.0%
QLYS	F	0.36%	0.09%	0.09%
RAMP	F	0.13%	0.11%	0.11%
REVG	C	0.09%	0.18%	0.09%
REX	D	0.01%	0.12%	0.01%
ROCK	D	0.08%	0.13%	0.08%
SFBS	B	0.09%	0.09%	0.09%
SFL	D	0.02%	0.11%	0.02%
SHOO	B	0.25%	0.04%	0.04%
SIGA	D	0.02%	0.27%	0.02%
SM	D	0.06%	0.16%	0.06%
STRL	B	0.29%	0.07%	0.07%
SXI	C	0.12%	0.04%	0.04%
TBBK	B	0.17%	0.08%	0.08%
THRY	D	0.04%	0.03%	0.03%
TILE	B	0.01%	0.15%	0.01%
TNC	D	0.06%	0.05%	0.05%
TNET	D	0.24%	0.13%	0.13%
TPH	C	0.09%	0.12%	0.09%
UFPI	C	0.32%	0.35%	0.32%
URBN	D	0.05%	0.15%	0.05%
VCTR	B	0.17%	0.17%	0.17%
VGR	C	0.03%	0.19%	0.03%
WHD	C	0.28%	0.1%	0.1%
WOR	F	0.1%	0.07%	0.07%
YELP	F	0.17%	0.05%	0.05%

IWO Overweight 960 Positions Relative to VFMF

Symbol	Grade	Weight
PCVX	B	1.05%
FTAI	B	0.95%
INSM	D	0.88%
SFM	B	0.79%
ENSG	C	0.65%
FN	D	0.64%
HALO	B	0.59%
ANF	D	0.55%
LNTH	C	0.55%
FLR	D	0.55%
SPSC	D	0.55%
CRS	B	0.52%
SPXC	C	0.52%
HQY	C	0.5%
NOVT	D	0.47%
BMI	B	0.47%
CWST	D	0.47%
GKOS	D	0.47%
VRNS	C	0.46%
HLNE	B	0.45%
RHP	D	0.45%
EXLS	C	0.44%
MOD	C	0.44%
BPMC	D	0.43%
CHX	D	0.42%
MMSI	B	0.42%
BCPC	C	0.42%
CSWI	B	0.42%
WTS	C	0.41%
IBP	C	0.41%
MMS	D	0.41%
EXPO	B	0.41%
FSS	D	0.4%
DY	B	0.4%
ACIW	B	0.39%
BCO	B	0.38%
KRYS	D	0.38%
AVAV	D	0.38%
ALTR	C	0.38%
FFIN	B	0.37%
GTLS	F	0.37%
TMDX	C	0.37%
ZETA	B	0.37%
BOX	B	0.36%
TENB	D	0.36%
PIPR	B	0.36%
SIGI	C	0.36%
KNF	B	0.36%
ZWS	B	0.35%
VRRM	D	0.35%
BOOT	B	0.35%
FCFS	C	0.35%
QTWO	B	0.34%
RMBS	F	0.34%
RDNT	B	0.34%
RNA	C	0.34%
RVMD	C	0.33%
CRNX	C	0.32%
OSCR	B	0.32%
PI	B	0.32%
MDGL	F	0.32%
ITRI	C	0.32%
ADMA	B	0.31%
SHAK	C	0.3%
HRI	C	0.3%
WK	D	0.29%
KAI	C	0.29%
HAE	D	0.29%
MARA	F	0.28%
CRDO	D	0.28%
AEIS	D	0.28%
FTDR	B	0.28%
TDW	F	0.27%
RXO	D	0.27%
BLKB	B	0.27%
AXNX	B	0.27%
LANC	D	0.27%
WDFC	B	0.27%
SLAB	D	0.27%
MC	B	0.26%
ACLS	F	0.26%
CWAN	A	0.26%
POWI	F	0.26%
AXSM	C	0.26%
FORM	F	0.26%
SG	C	0.26%
PRCT	B	0.26%
EVH	C	0.26%
CBZ	F	0.25%
NXT	F	0.25%
TGTX	B	0.25%
FOLD	D	0.25%
ACLX	B	0.25%
SMPL	D	0.24%
ICFI	C	0.24%
MWA	C	0.24%
GH	D	0.24%
NSP	D	0.24%
BWIN	A	0.24%
CCOI	C	0.24%
ATMU	B	0.23%
ITGR	B	0.23%
PJT	B	0.23%
ENV	C	0.23%
AROC	C	0.23%
DORM	B	0.23%
SXT	C	0.23%
NE	D	0.23%
IDYA	F	0.23%
CORT	B	0.23%
TNDM	C	0.22%
BHVN	D	0.22%
BL	D	0.22%
LCII	C	0.22%
UPST	C	0.22%
ACVA	B	0.22%
SITM	B	0.21%
TWST	D	0.21%
SMTC	C	0.21%
HGV	D	0.21%
RYTM	B	0.21%
PTGX	C	0.21%
DYN	D	0.21%
GVA	B	0.21%
ROAD	B	0.21%
NUVL	C	0.21%
STEP	B	0.21%
SQSP	A	0.21%
SWTX	F	0.2%
ARWR	F	0.2%
SEM	D	0.2%
CARG	B	0.2%
CNS	B	0.2%
RKLB	B	0.2%
APAM	C	0.2%
PRFT	A	0.2%
IOVA	D	0.2%
OPCH	C	0.2%
DOCN	B	0.2%
SMMT	C	0.2%
YOU	B	0.2%
ALRM	F	0.2%
PRIM	C	0.2%
VC	F	0.19%
NARI	F	0.19%
PRGS	C	0.19%
MGRC	F	0.19%
CNK	B	0.19%
AUR	C	0.19%
WD	B	0.19%
JJSF	C	0.19%
BBIO	D	0.18%
UFPT	C	0.18%
IOSP	D	0.18%
AMR	F	0.18%
FRSH	F	0.18%
CNMD	D	0.18%
PLMR	B	0.18%
CLDX	C	0.18%
COMP	B	0.18%
OII	D	0.18%
ASTH	B	0.18%
TRN	C	0.18%
IRTC	F	0.18%
SKY	B	0.18%
VAL	F	0.17%
DNLI	B	0.17%
JOBY	F	0.17%
KLIC	D	0.17%
OSIS	C	0.17%
VCEL	D	0.17%
BDC	B	0.17%
AGYS	D	0.17%
KWR	D	0.17%
PGNY	F	0.16%
MTRN	D	0.16%
BATRK	D	0.16%
MQ	F	0.16%
KYMR	C	0.16%
ENR	F	0.16%
CLSK	F	0.16%
GSHD	B	0.16%
RELY	D	0.16%
RPD	F	0.16%
EVTC	D	0.16%
IPAR	D	0.16%
FLYW	F	0.16%
AI	F	0.15%
HURN	C	0.15%
PRVA	D	0.15%
ACAD	F	0.15%
PTCT	C	0.15%
VERX	D	0.15%
NVCR	D	0.15%
UEC	F	0.15%
NATL	D	0.15%
AMN	F	0.14%
PAR	B	0.14%
LAUR	B	0.14%
CAKE	C	0.14%
GERN	D	0.14%
LMAT	B	0.14%
ALG	D	0.14%
DRS	C	0.14%
AMPH	C	0.14%
BE	F	0.14%
BRZE	F	0.14%
APGE	C	0.14%
RXST	C	0.14%
KOS	F	0.14%
UPBD	D	0.13%
KROS	C	0.13%
RDFN	C	0.13%
PRKS	C	0.13%
IMVT	D	0.13%
VYX	D	0.13%
INTA	B	0.13%
AWR	B	0.13%
ESE	B	0.12%
KURA	D	0.12%
AVPT	C	0.12%
UCTT	F	0.12%
IONQ	D	0.12%
TRUP	C	0.12%
CORZ	B	0.12%
CALX	D	0.12%
PACS	B	0.12%
SNDX	F	0.12%
POWL	C	0.12%
MGNI	D	0.12%
PD	F	0.12%
PAYO	B	0.12%
OSW	C	0.12%
STAA	F	0.12%
MIRM	D	0.12%
ARVN	F	0.12%
BLBD	C	0.12%
BCRX	C	0.12%
TFIN	D	0.12%
SPT	F	0.11%
SOUN	D	0.11%
CSGS	C	0.11%
AESI	C	0.11%
JANX	C	0.11%
NGVT	F	0.11%
OCUL	C	0.11%
MGEE	B	0.11%
CHEF	C	0.11%
ENVX	F	0.11%
VERA	C	0.11%
OTTR	D	0.11%
ARDX	D	0.11%
HLIT	C	0.11%
VECO	F	0.11%
KTOS	B	0.11%
PTON	C	0.11%
NVAX	D	0.11%
THRM	D	0.11%
TGLS	B	0.11%
USPH	D	0.1%
AVDL	F	0.1%
UPWK	D	0.1%
PHR	C	0.1%
MNKD	B	0.1%
WRBY	D	0.1%
FUN	F	0.1%
INFN	B	0.1%
FUL	D	0.1%
SONO	F	0.1%
RCKT	D	0.1%
FLNC	C	0.1%
JAMF	D	0.1%
APPN	D	0.1%
AVDX	F	0.1%
NSSC	F	0.1%
LOB	B	0.1%
ALKT	D	0.1%
WT	D	0.1%
SKT	B	0.1%
RXRX	F	0.1%
HROW	B	0.1%
EWTX	D	0.1%
ARQT	C	0.09%
SOC	B	0.09%
SAVA	C	0.09%
ZUO	D	0.09%
ARLO	F	0.09%
EXPI	C	0.09%
SDGR	F	0.09%
SLNO	B	0.09%
HRMY	B	0.09%
WWW	B	0.09%
DFIN	B	0.09%
DVAX	D	0.09%
MTTR	C	0.09%
ALHC	C	0.09%
PZZA	D	0.09%
VRTS	D	0.09%
MGPI	C	0.09%
KLG	C	0.09%
PWSC	C	0.09%
TARS	C	0.09%
RRR	D	0.09%
CWH	C	0.08%
PNTG	B	0.08%
VZIO	A	0.08%
EXTR	C	0.08%
OUT	B	0.08%
DNUT	D	0.08%
PWP	C	0.08%
CMPR	F	0.08%
VRDN	C	0.08%
QNST	B	0.08%
NMRA	D	0.08%
VITL	D	0.08%
KALU	F	0.08%
PLXS	B	0.08%
ARRY	F	0.08%
FIZZ	D	0.08%
PRAX	C	0.08%
NRIX	C	0.08%
TRNS	C	0.08%
COCO	C	0.08%
AMBA	C	0.08%
PLAY	F	0.08%
MXL	F	0.08%
SHLS	D	0.08%
COUR	F	0.08%
SILK	A	0.08%
AGL	F	0.08%
BKD	D	0.08%
ADEA	C	0.08%
XPEL	D	0.08%
CRAI	C	0.08%
LBPH	D	0.08%
ATRC	C	0.07%
IMAX	C	0.07%
NABL	D	0.07%
WLY	C	0.07%
USLM	B	0.07%
COGT	C	0.07%
PDFS	D	0.07%
ERII	D	0.07%
BLND	C	0.07%
WULF	D	0.07%
MRVI	C	0.07%
MEG	F	0.07%
LZ	D	0.07%
CDRE	C	0.07%
HLIO	D	0.07%
KNSA	C	0.07%
RVLV	B	0.07%
DFH	C	0.07%
ASGN	D	0.07%
EOLS	C	0.07%
RCUS	D	0.07%
OEC	F	0.07%
ASAN	F	0.07%
LMB	B	0.06%
PECO	B	0.06%
AUPH	C	0.06%
ACHR	F	0.06%
AMSC	D	0.06%
BTSG	B	0.06%
SMR	D	0.06%
ELVN	D	0.06%
AORT	D	0.06%
RSI	C	0.06%
UDMY	F	0.06%
LMND	D	0.06%
GBTG	B	0.06%
XMTR	D	0.06%
ANAB	C	0.06%
GRC	D	0.06%
UTZ	C	0.06%
BLFS	D	0.06%
CLB	D	0.06%
ADUS	B	0.06%
HCI	C	0.06%
CXM	F	0.06%
IMNM	D	0.06%
PRO	F	0.06%
CECO	D	0.06%
JBSS	D	0.06%
CWT	C	0.06%
DRVN	C	0.06%
DBRG	D	0.05%
SLVM	B	0.05%
NN	D	0.05%
GDYN	C	0.05%
PUBM	F	0.05%
ACEL	B	0.05%
CGEM	F	0.05%
AIV	B	0.05%
TTGT	F	0.05%
HI	F	0.05%
SPRY	C	0.05%
LNN	C	0.05%
CDMO	B	0.05%
IE	F	0.05%
SSTK	F	0.05%
DAWN	F	0.05%
UTI	D	0.05%
VVI	C	0.05%
RVNC	D	0.05%
AMPL	D	0.05%
AIN	D	0.05%
FSLY	D	0.05%
YEXT	C	0.05%
CVI	F	0.05%
BSIG	B	0.05%
ZIP	D	0.05%
BLMN	F	0.05%
CENX	D	0.05%
GSAT	F	0.05%
BATRA	D	0.04%
MNMD	F	0.04%
KRUS	D	0.04%
GCMG	B	0.04%
DJCO	B	0.04%
EU	F	0.04%
AIR	C	0.04%
ALEC	D	0.04%
CEVA	C	0.04%
CGON	C	0.04%
SEMR	C	0.04%
HLF	F	0.04%
TNGX	F	0.04%
HUMA	D	0.04%
NRDS	D	0.04%
MYE	D	0.04%
YMAB	C	0.04%
CASS	D	0.04%
SLP	F	0.04%
UHT	B	0.04%
STOK	C	0.04%
AMBP	C	0.04%
CCB	C	0.04%
FDMT	F	0.04%
MCW	F	0.04%
SIBN	D	0.04%
SRRK	F	0.04%
ALX	B	0.04%
EVLV	C	0.04%
PLOW	C	0.04%
TREE	C	0.04%
OSPN	B	0.04%
ARHS	F	0.04%
PTLO	C	0.04%
PRTA	F	0.04%
NEXT	F	0.04%
LQDA	F	0.04%
EVRI	C	0.04%
LPRO	D	0.04%
EVER	D	0.04%
CATX	D	0.04%
TPB	C	0.04%
HCKT	B	0.04%
ATEC	F	0.04%
IMXI	D	0.04%
BASE	F	0.04%
AXGN	B	0.04%
ACMR	F	0.04%
CYTK	F	0.04%
FA	B	0.04%
ABUS	C	0.04%
XNCR	C	0.04%
SANA	F	0.04%
XPOF	D	0.03%
DSGR	B	0.03%
DK	F	0.03%
SKWD	C	0.03%
HLMN	B	0.03%
MDXG	F	0.03%
CSV	B	0.03%
CTLP	F	0.03%
CRBP	D	0.03%
GETY	D	0.03%
SRDX	D	0.03%
NPO	C	0.03%
IGT	D	0.03%
URGN	F	0.03%
FNA	F	0.03%
ROOT	F	0.03%
CRMD	B	0.03%
PLSE	C	0.03%
TTI	F	0.03%
GTHX	A	0.03%
CIFR	F	0.03%
AEHR	F	0.03%
CCS	B	0.03%
TSHA	F	0.03%
NVEC	D	0.03%
AMRC	C	0.03%
ML	F	0.03%
CERS	F	0.03%
CLMB	B	0.03%
CTRE	B	0.03%
BYND	D	0.03%
ESQ	B	0.03%
CYH	B	0.03%
BAND	D	0.03%
MLNK	C	0.03%
WVE	D	0.03%
LFST	C	0.03%
IRMD	B	0.03%
LEU	F	0.03%
MITK	F	0.03%
ENFN	D	0.03%
IBRX	F	0.03%
CRGY	D	0.03%
WRLD	D	0.03%
GCT	F	0.03%
XERS	C	0.03%
CBL	D	0.03%
BFS	C	0.03%
DHIL	B	0.03%
BIGC	F	0.03%
APLD	C	0.03%
HY	D	0.03%
WEAV	C	0.03%
KALV	F	0.03%
ARCT	F	0.03%
INOD	D	0.03%
DMRC	F	0.03%
ATXS	D	0.03%
TYRA	B	0.03%
VSCO	C	0.03%
GIC	D	0.03%
PX	C	0.03%
MAX	C	0.03%
AGS	D	0.03%
ATEX	C	0.03%
FC	C	0.03%
SBGI	C	0.03%
IBTA	D	0.03%
FWRG	F	0.03%
VICR	F	0.03%
AVAH	C	0.02%
RGR	F	0.02%
INDI	F	0.02%
AIP	D	0.02%
UMH	C	0.02%
UP	F	0.02%
SNCY	D	0.02%
CBRL	D	0.02%
SERA	C	0.02%
EYPT	D	0.02%
TDOC	D	0.02%
SPIR	D	0.02%
GCBC	D	0.02%
PBPB	D	0.02%
RICK	F	0.02%
PCT	C	0.02%
EGHT	F	0.02%
EWCZ	F	0.02%
EB	F	0.02%
IRWD	F	0.02%
BMEA	D	0.02%
HTLD	D	0.02%
MRTN	D	0.02%
SYNA	F	0.02%
CRCT	D	0.02%
NGNE	C	0.02%
DENN	D	0.02%
SAH	D	0.02%
ABSI	F	0.02%
PRME	F	0.02%
SVV	D	0.02%
MLAB	C	0.02%
TRAK	B	0.02%
WEST	F	0.02%
TALK	D	0.02%
CTRI	F	0.02%
NVEE	F	0.02%
SNEX	C	0.02%
BLZE	F	0.02%
LAZR	F	0.02%
TMCI	F	0.02%
DOMO	F	0.02%
NTST	D	0.02%
VMD	D	0.02%
LIND	C	0.02%
SKYT	C	0.02%
SGHT	D	0.02%
OLO	D	0.02%
MIR	D	0.02%
JSPR	C	0.02%
MAMA	D	0.02%
HLX	D	0.02%
RIOT	F	0.02%
SABR	D	0.02%
CSTL	C	0.02%
RCEL	D	0.02%
BYRN	B	0.02%
DAVE	D	0.02%
APLT	C	0.02%
ITI	A	0.02%
METC	F	0.02%
MNTK	F	0.02%
NIC	C	0.02%
CYRX	F	0.02%
CHPT	F	0.02%
INST	D	0.02%
GRND	B	0.02%
ICHR	F	0.02%
LRMR	F	0.02%
BANF	B	0.02%
GHM	D	0.02%
ALT	D	0.02%
OCGN	F	0.02%
DIOD	F	0.02%
SEAT	F	0.02%
WERN	D	0.02%
SEZL	B	0.02%
AKRO	C	0.02%
LUNG	D	0.02%
BWMN	F	0.02%
TH	D	0.02%
LWLG	F	0.02%
ASPN	D	0.02%
CDNA	C	0.02%
RDVT	B	0.02%
PBI	C	0.02%
LESL	F	0.02%
SVRA	D	0.02%
BJRI	D	0.02%
STER	B	0.02%
CELC	F	0.02%
PDCO	F	0.02%
NRC	F	0.02%
PRG	B	0.02%
HLLY	F	0.01%
INMB	F	0.01%
DCGO	D	0.01%
VTSI	F	0.01%
ZURA	D	0.01%
CVLG	C	0.01%
OPEN	D	0.01%
MCBS	B	0.01%
NGVC	B	0.01%
OVID	D	0.01%
STKS	F	0.01%
ODC	D	0.01%
STRW	D	0.01%
AKYA	D	0.01%
KRRO	F	0.01%
NRDY	F	0.01%
OPFI	C	0.01%
EP	F	0.01%
QTRX	D	0.01%
CCO	C	0.01%
VSTM	D	0.01%
MAPS	F	0.01%
GCO	D	0.01%
NOTE	F	0.01%
CTGO	F	0.01%
CTNM	D	0.01%
ANRO	C	0.01%
MLYS	F	0.01%
ALXO	F	0.01%
EVI	D	0.01%
KYTX	F	0.01%
DIN	F	0.01%
HQI	C	0.01%
REKR	F	0.01%
OMER	D	0.01%
MODV	F	0.01%
LXRX	F	0.01%
BLNK	F	0.01%
RCKY	D	0.01%
SHBI	B	0.01%
VERU	F	0.01%
QUAD	F	0.01%
FBLG	D	0.01%
LVO	F	0.01%
FULC	F	0.01%
GLSI	D	0.01%
CVGW	C	0.01%
MRAM	F	0.01%
CENT	D	0.01%
IRON	D	0.01%
DC	D	0.01%
CWCO	F	0.01%
ACHV	D	0.01%
LXEO	F	0.01%
NTIC	F	0.01%
CRVO	D	0.01%
IAS	D	0.01%
INVA	B	0.01%
EMBC	C	0.01%
LWAY	C	0.01%
NPCE	F	0.01%
UVE	B	0.01%
FFWM	D	0.01%
SYRE	D	0.01%
ESPR	F	0.01%
CAPR	C	0.01%
LKFN	C	0.01%
PFIS	C	0.01%
ULH	C	0.01%
AQST	C	0.01%
PLUG	F	0.01%
KFS	D	0.01%
GNE	D	0.01%
STTK	F	0.01%
THR	D	0.01%
LAW	D	0.01%
PRCH	D	0.01%
JILL	F	0.01%
CVRX	F	0.01%
QUIK	F	0.01%
INBX	C	0.01%
EGAN	F	0.01%
GOOD	B	0.01%
PRTH	C	0.01%
ACCD	D	0.01%
STGW	B	0.01%
ASPI	D	0.01%
YORW	D	0.01%
STXS	D	0.01%
PKE	D	0.01%
PAHC	B	0.01%
MGTX	F	0.01%
AVXL	D	0.01%
SCWO	C	0.01%
TRVI	C	0.01%
MVIS	D	0.01%
INBK	C	0.01%
LFMD	F	0.01%
SKIN	F	0.01%
ACIC	D	0.01%
SMLR	F	0.01%
TIPT	B	0.01%
XFOR	F	0.01%
PROK	C	0.01%
RNAC	D	0.01%
SUPN	C	0.01%
PETQ	A	0.01%
PSTL	B	0.01%
CTOS	F	0.01%
BBAI	D	0.01%
SSTI	F	0.01%
SPNT	C	0.01%
KLTR	D	0.01%
ZYXI	F	0.01%
MRSN	D	0.01%
INFU	F	0.01%
RILY	F	0.01%
LVWR	F	0.01%
TSQ	D	0.01%
PEPG	F	0.01%
PMTS	D	0.01%
HNST	D	0.01%
ADCT	F	0.01%
GRPN	F	0.01%
OLMA	D	0.01%
TAYD	B	0.01%
LCTX	F	0.01%
JYNT	F	0.01%
CDZI	D	0.01%
OPRX	F	0.01%
SMTI	D	0.01%
ORIC	D	0.01%
LAB	D	0.01%
PESI	D	0.01%
PHAT	B	0.01%
CADL	C	0.01%
SKYH	C	0.01%
AVBP	C	0.01%
TCRX	F	0.01%
ISPR	D	0.01%
HEAR	D	0.01%
BTMD	F	0.01%
KGS	C	0.01%
XOMA	B	0.01%
BVS	B	0.01%
CDLX	F	0.01%
SCPH	C	0.01%
PAYS	D	0.01%
QRHC	C	0.01%
GWRS	B	0.01%
BRCC	F	0.01%
MSGE	B	0.01%
SMID	C	0.01%
BDTX	F	0.01%
AEYE	D	0.01%
FHTX	C	0.01%
SCL	D	0.01%
LIVN	D	0.01%
MSEX	C	0.01%
NEO	C	0.01%
CRD.B	C	0.01%
EVCM	D	0.01%
CDXC	C	0.01%
ALTG	F	0.01%
OFLX	D	0.01%
LGIH	C	0.01%
LNZA	F	0.01%
IGMS	C	0.01%
NBR	F	0.01%
KRT	D	0.01%
DSP	D	0.01%
WKC	B	0.01%
TCX	C	0.01%
MLP	C	0.01%
ZVRA	C	0.01%
REAL	D	0.01%
CMPO	B	0.01%
EAF	D	0.01%
ULCC	D	0.01%
KREF	B	0.01%
INSE	C	0.01%
PFMT	B	0.01%
RIGL	C	0.01%
GOGO	F	0.01%
ARAY	D	0.01%
NATH	B	0.01%
MGNX	F	0.01%
JBT	D	0.01%
VSEC	C	0.01%
LOVE	C	0.01%
WTI	F	0.01%
CDT	F	0.0%
LLAP	F	0.0%
SMXT	F	0.0%
QRTEB	F	0.0%
TVGN	F	0.0%
MKTW	F	0.0%
BAER	F	0.0%
MASS	F	0.0%
AISP	F	0.0%
SCLX	F	0.0%
MGX	F	0.0%
HLVX	D	0.0%
ATLC	C	0.0%
GRWG	F	0.0%
VGAS	F	0.0%
ULBI	F	0.0%
PGEN	F	0.0%
RSVR	C	0.0%
GUTS	F	0.0%
TDUP	F	0.0%
LYRA	F	0.0%
VIRC	D	0.0%
BOLD	F	0.0%
AMPX	F	0.0%
SES	F	0.0%
SKYE	F	0.0%
PTSI	D	0.0%
LSEA	C	0.0%
AGEN	F	0.0%
RMNI	F	0.0%
HOWL	F	0.0%
GYRE	D	0.0%
BSVN	B	0.0%
ARQ	D	0.0%
RENB	F	0.0%
ELEV	F	0.0%
SPCE	F	0.0%
TELO	C	0.0%
SLDB	F	0.0%
ALNT	F	0.0%
GCTS	F	0.0%
LUNR	C	0.0%
APEI	D	0.0%
CTV	D	0.0%
BOC	C	0.0%
MEC	B	0.0%
FBIZ	B	0.0%
CIX	C	0.0%
HRTX	F	0.0%
DTI	F	0.0%
ORGO	D	0.0%
UHG	F	0.0%
RGLS	F	0.0%
EVC	D	0.0%
SST	F	0.0%
ARIS	C	0.0%
DIBS	D	0.0%
ORN	F	0.0%
CDXS	D	0.0%
AKBA	D	0.0%
LASR	F	0.0%
DLHC	F	0.0%
SGC	F	0.0%
NATR	F	0.0%
TNYA	F	0.0%
TERN	C	0.0%
IIIV	D	0.0%
VALU	D	0.0%
PBYI	F	0.0%
EHAB	F	0.0%
GALT	C	0.0%
OTLK	F	0.0%
ATOS	C	0.0%
AILE	F	0.0%
SHYF	D	0.0%
AVTE	D	0.0%
NGS	D	0.0%
VRCA	F	0.0%
MITT	B	0.0%
FUBO	D	0.0%
CHRS	F	0.0%
PROP	C	0.0%
HBIO	F	0.0%
CABA	F	0.0%
FIGS	F	0.0%
USCB	C	0.0%
CRDF	D	0.0%
ALDX	C	0.0%
FG	C	0.0%
PLL	F	0.0%
MPX	D	0.0%
HDSN	D	0.0%
CZFS	C	0.0%
RDW	D	0.0%
NVTS	F	0.0%
PCRX	F	0.0%
CURV	F	0.0%
AOMR	F	0.0%
REPX	D	0.0%
AIRS	D	0.0%
OABI	D	0.0%
MLR	D	0.0%
GMGI	F	0.0%
MYFW	C	0.0%
SNDA	D	0.0%
CHCT	F	0.0%
METCB	F	0.0%
QBTS	F	0.0%
ARKO	C	0.0%
BOOM	D	0.0%
DNTH	D	0.0%
CRGX	C	0.0%
OUST	F	0.0%
OOMA	C	0.0%
SWBI	D	0.0%
CLBK	C	0.0%
EVEX	F	0.0%
BMBL	F	0.0%
EGY	D	0.0%
HCAT	C	0.0%
CLPR	B	0.0%
MOND	F	0.0%
ITIC	A	0.0%
NWPX	C	0.0%
ATNM	F	0.0%
AHH	B	0.0%
EYE	F	0.0%
INNV	D	0.0%
PSTX	C	0.0%
RM	B	0.0%
WGS	B	0.0%
ANIK	D	0.0%
CRSR	F	0.0%
OBIO	F	0.0%
EVGO	C	0.0%
TTSH	D	0.0%
AVO	A	0.0%

IWO Underweight 326 Positions Relative to VFMF

Symbol	Grade	Weight
WFC	D	-1.71%
AIG	D	-1.6%
VLO	D	-1.11%
GOOG	D	-1.1%
BK	A	-1.08%
FANG	D	-1.08%
AMAT	D	-1.04%
HIG	A	-1.04%
SYF	C	-1.01%
MPC	D	-0.99%
AFL	B	-0.97%
ABBV	C	-0.97%
LRCX	F	-0.92%
MTG	B	-0.9%
BKNG	B	-0.89%
QCOM	D	-0.88%
MCK	F	-0.87%
META	A	-0.85%
BPOP	C	-0.81%
APO	C	-0.78%
AXP	B	-0.78%
JPM	D	-0.77%
PHM	B	-0.75%
MMM	B	-0.75%
KR	B	-0.74%
NUE	F	-0.74%
CAT	C	-0.74%
PSX	D	-0.67%
FDX	C	-0.65%
IBM	B	-0.64%
KLAC	D	-0.64%
ANET	B	-0.62%
GOOGL	D	-0.61%
GILD	B	-0.61%
OFG	C	-0.59%
EOG	D	-0.58%
HCA	B	-0.57%
TMHC	B	-0.57%
XOM	D	-0.55%
OMF	C	-0.53%
PCAR	D	-0.53%
CAH	C	-0.53%
VZ	B	-0.53%
ARCH	F	-0.53%
WMT	B	-0.5%
COP	D	-0.49%
OC	C	-0.49%
COST	C	-0.47%
CI	C	-0.47%
PVH	F	-0.46%
TGT	C	-0.45%
HRB	C	-0.45%
M	F	-0.45%
AZO	D	-0.45%
ORI	A	-0.44%
NVDA	D	-0.44%
TJX	C	-0.43%
SLM	C	-0.42%
NWS	D	-0.41%
CVX	D	-0.4%
ALSN	B	-0.4%
GIII	C	-0.4%
KELYA	D	-0.4%
SIG	C	-0.38%
WFRD	F	-0.38%
AMAL	B	-0.38%
WRB	C	-0.34%
RDN	B	-0.34%
EIG	B	-0.34%
SCS	B	-0.34%
FULT	C	-0.34%
KMB	D	-0.33%
CBOE	C	-0.32%
PRDO	D	-0.31%
PRI	B	-0.31%
AMKR	F	-0.3%
SKX	C	-0.3%
ASC	D	-0.29%
TK	C	-0.29%
CRM	D	-0.29%
MLKN	D	-0.28%
TNK	D	-0.28%
WSM	C	-0.28%
ACT	A	-0.27%
UNM	B	-0.27%
NTB	C	-0.26%
CNO	B	-0.26%
JBL	D	-0.25%
AYI	B	-0.25%
WTTR	C	-0.25%
IBOC	C	-0.25%
MTH	B	-0.24%
GM	B	-0.24%
TPC	C	-0.24%
HP	D	-0.24%
PFBC	C	-0.23%
MSM	D	-0.23%
SRCE	C	-0.23%
STNG	D	-0.23%
EVR	B	-0.23%
CLF	F	-0.23%
CPAY	B	-0.22%
PR	D	-0.22%
EWBC	C	-0.22%
CFG	D	-0.22%
MBIN	C	-0.22%
DELL	D	-0.22%
KD	D	-0.21%
GNW	B	-0.21%
MUR	D	-0.21%
FNF	A	-0.21%
CTRA	F	-0.21%
HPQ	D	-0.21%
SXC	F	-0.21%
MHO	B	-0.21%
DBX	D	-0.21%
TOL	B	-0.21%
TEX	D	-0.21%
CHRD	F	-0.21%
STLD	D	-0.21%
DHI	B	-0.21%
STT	A	-0.21%
EQH	C	-0.21%
CATY	B	-0.21%
DINO	D	-0.2%
AAL	D	-0.2%
BG	D	-0.2%
CPF	B	-0.2%
THO	D	-0.2%
BLD	D	-0.2%
CACC	D	-0.2%
EME	B	-0.2%
ESGR	D	-0.19%
RS	D	-0.19%
NR	F	-0.19%
RL	B	-0.19%
AGO	C	-0.19%
BBWI	F	-0.19%
SKYW	C	-0.19%
ZEUS	F	-0.19%
CNC	C	-0.19%
LEN	B	-0.18%
DHT	C	-0.18%
SCHL	D	-0.18%
DKS	D	-0.18%
PUMP	F	-0.18%
PKG	B	-0.18%
IMKTA	D	-0.18%
DLX	D	-0.17%
BELFB	C	-0.17%
VIRT	B	-0.17%
TNL	D	-0.17%
BLX	C	-0.17%
CLW	F	-0.17%
CRC	C	-0.17%
JEF	B	-0.17%
DOX	C	-0.16%
HCC	F	-0.16%
OZK	D	-0.16%
R	B	-0.16%
WMK	C	-0.16%
GAP	F	-0.16%
SCSC	D	-0.16%
RRC	D	-0.16%
CMC	D	-0.16%
VNT	D	-0.16%
CR	C	-0.16%
CRBG	D	-0.16%
DESP	C	-0.15%
BV	B	-0.15%
INSW	D	-0.15%
ARW	C	-0.15%
WABC	D	-0.15%
SNA	B	-0.15%
NVR	B	-0.15%
CF	B	-0.15%
MUSA	C	-0.15%
CNOB	B	-0.15%
FTI	D	-0.15%
URI	B	-0.15%
ETH	D	-0.14%
DNOW	D	-0.14%
MOH	C	-0.14%
PFGC	B	-0.14%
FCF	C	-0.14%
SPOK	C	-0.14%
AN	D	-0.14%
ODP	F	-0.14%
FIX	B	-0.14%
QCRH	B	-0.14%
OVV	D	-0.14%
OLN	D	-0.14%
PHIN	B	-0.14%
ESAB	C	-0.14%
TPR	C	-0.14%
NAT	D	-0.14%
WCC	C	-0.13%
MRC	D	-0.13%
YETI	D	-0.13%
CNXN	B	-0.13%
MATX	C	-0.12%
TAP	C	-0.12%
WNC	F	-0.12%
RCL	B	-0.12%
CSTM	D	-0.12%
WLK	D	-0.12%
SSD	C	-0.12%
CTSH	C	-0.12%
NTAP	D	-0.12%
CEIX	D	-0.12%
GL	C	-0.12%
EXPE	C	-0.12%
NXST	D	-0.11%
GPC	D	-0.11%
SWKS	F	-0.11%
RES	D	-0.11%
NMRK	B	-0.11%
SANM	D	-0.11%
LYB	F	-0.11%
NAVI	C	-0.1%
PH	B	-0.1%
WGO	D	-0.1%
EXEL	B	-0.1%
SPTN	C	-0.1%
FCX	D	-0.1%
BLDR	C	-0.1%
BXC	D	-0.1%
STBA	B	-0.1%
MBUU	D	-0.1%
BTU	D	-0.1%
MTDR	D	-0.1%
HAFC	C	-0.1%
MTUS	F	-0.1%
WEX	C	-0.1%
SAIA	D	-0.1%
COKE	C	-0.1%
BUSE	C	-0.09%
BOKF	B	-0.09%
CVBF	C	-0.09%
CIVI	F	-0.09%
GNK	D	-0.09%
CNM	F	-0.09%
EXP	B	-0.09%
SD	D	-0.09%
CNX	A	-0.09%
AGCO	D	-0.09%
CSL	C	-0.08%
JWN	B	-0.08%
ACCO	C	-0.08%
OSUR	F	-0.08%
WSFS	C	-0.08%
MRK	D	-0.08%
PBF	F	-0.08%
LPLA	D	-0.08%
BHLB	C	-0.07%
WU	D	-0.07%
AXL	F	-0.07%
SFNC	B	-0.07%
CNA	C	-0.07%
UVV	D	-0.07%
KSS	F	-0.07%
GES	F	-0.07%
LZB	C	-0.07%
AMZN	C	-0.07%
HVT	D	-0.07%
MOV	F	-0.07%
WMS	D	-0.07%
SBSI	B	-0.07%
VFC	C	-0.06%
NX	D	-0.06%
XRX	F	-0.06%
GRNT	D	-0.06%
ZIMV	F	-0.06%
OSBC	C	-0.06%
CG	C	-0.06%
RNR	B	-0.06%
CASY	D	-0.06%
TMUS	C	-0.06%
BWA	D	-0.06%
UA	C	-0.06%
LOPE	D	-0.06%
CACI	B	-0.06%
EBAY	B	-0.06%
RGP	F	-0.06%
APG	D	-0.06%
LEN	B	-0.06%
PFG	B	-0.06%
TCBI	B	-0.05%
BC	C	-0.05%
DECK	C	-0.05%
SCVL	B	-0.05%
PPC	D	-0.05%
MET	A	-0.05%
LOW	B	-0.05%
HPE	D	-0.05%
PSTG	F	-0.05%
HELE	D	-0.05%
DOLE	A	-0.05%
STRA	D	-0.04%
MEDP	D	-0.04%
TRST	C	-0.04%
BKU	C	-0.04%
CHE	C	-0.04%
BRKL	C	-0.04%
MCFT	D	-0.04%
AMG	C	-0.04%
VTRS	C	-0.04%
DDS	D	-0.04%
ROST	C	-0.04%
FARO	D	-0.03%
SMP	C	-0.03%
BYD	C	-0.03%
GPK	B	-0.03%
BERY	B	-0.03%
ULTA	D	-0.03%
KMT	B	-0.03%
AMRK	C	-0.03%
THFF	B	-0.03%
DBI	F	-0.03%
PRLB	D	-0.03%
CCRN	F	-0.03%
INMD	D	-0.03%
FFIV	A	-0.02%
GPI	B	-0.02%
MAN	C	-0.02%
JAZZ	D	-0.02%