IWO vs. VFMO ETF Comparison

Comparison of iShares Russell 2000 Growth ETF (IWO) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$298.79

Average Daily Volume

369,216

Number of Holdings ^*

1079

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance 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 strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. 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

$172.34

Average Daily Volume

37,966

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	IWO	VFMO
30 Days	2.83%	3.35%
60 Days	5.41%	7.55%
90 Days	8.20%	10.15%
12 Months	33.54%	45.30%

248 Overlapping Holdings

Symbol	Grade	Weight in IWO	Weight in VFMO	Overlap
ABSI	F	0.02%	0.02%	0.02%
ABUS	D	0.03%	0.12%	0.03%
ACIC	B	0.01%	0.1%	0.01%
ACIW	B	0.42%	0.03%	0.03%
ACLX	C	0.3%	0.1%	0.1%
ACVA	A	0.2%	0.06%	0.06%
ADMA	C	0.35%	0.26%	0.26%
ADUS	D	0.06%	0.06%	0.06%
AGM	B	0.12%	0.05%	0.05%
AGX	B	0.13%	0.11%	0.11%
AGYS	A	0.18%	0.07%	0.07%
AIT	B	0.7%	0.13%	0.13%
ALHC	C	0.09%	0.1%	0.09%
ALKT	B	0.12%	0.08%	0.08%
AMRX	C	0.08%	0.15%	0.08%
AMSC	C	0.08%	0.12%	0.08%
ANAB	F	0.03%	0.13%	0.03%
ANF	C	0.49%	0.27%	0.27%
ANIP	D	0.05%	0.02%	0.02%
AORT	B	0.06%	0.08%	0.06%
APEI	B	0.0%	0.0%	0.0%
APLT	C	0.04%	0.16%	0.04%
AQST	D	0.01%	0.1%	0.01%
ARLO	C	0.08%	0.05%	0.05%
AROC	A	0.26%	0.28%	0.26%
ARQT	C	0.08%	0.04%	0.04%
ASPN	F	0.01%	0.22%	0.01%
ATEX	F	0.02%	0.02%	0.02%
ATGE	B	0.04%	0.14%	0.04%
AVAV	C	0.41%	0.17%	0.17%
AX	B	0.03%	0.04%	0.03%
AZZ	A	0.14%	0.2%	0.14%
BAND	D	0.03%	0.05%	0.03%
BDTX	F	0.01%	0.02%	0.01%
BKD	F	0.06%	0.2%	0.06%
BLBD	F	0.09%	0.18%	0.09%
BLND	A	0.07%	0.03%	0.03%
BPMC	C	0.43%	0.19%	0.19%
BRCC	F	0.01%	0.02%	0.01%
CADL	F	0.01%	0.1%	0.01%
CAL	F	0.02%	0.04%	0.02%
CALM	A	0.02%	0.09%	0.02%
CASH	B	0.04%	0.15%	0.04%
CBZ	B	0.25%	0.09%	0.09%
CDNA	D	0.02%	0.12%	0.02%
CDRE	F	0.06%	0.13%	0.06%
CECO	C	0.05%	0.08%	0.05%
CELC	F	0.03%	0.02%	0.02%
CENT	C	0.01%	0.04%	0.01%
CENX	B	0.08%	0.08%	0.08%
CGEM	F	0.05%	0.08%	0.05%
CHCO	B	0.01%	0.07%	0.01%
CLSK	C	0.21%	0.04%	0.04%
CMPR	F	0.06%	0.08%	0.06%
CNK	A	0.19%	0.11%	0.11%
COLL	F	0.07%	0.12%	0.07%
COMP	B	0.17%	0.14%	0.14%
COOP	B	0.16%	0.17%	0.16%
CRAI	B	0.09%	0.09%	0.09%
CRDO	B	0.42%	0.16%	0.16%
CRMD	C	0.04%	0.05%	0.04%
CRNX	C	0.36%	0.15%	0.15%
CRS	A	0.57%	0.24%	0.24%
CRVL	A	0.22%	0.05%	0.05%
CSTL	C	0.02%	0.06%	0.02%
CSWI	A	0.47%	0.21%	0.21%
CTS	C	0.09%	0.03%	0.03%
CVLT	B	0.47%	0.4%	0.4%
CYH	F	0.02%	0.04%	0.02%
DAKT	B	0.01%	0.06%	0.01%
DAWN	D	0.05%	0.02%	0.02%
DFIN	D	0.07%	0.03%	0.03%
DJCO	B	0.04%	0.03%	0.03%
DORM	B	0.25%	0.07%	0.07%
DXPE	B	0.0%	0.04%	0.0%
DYN	F	0.16%	0.13%	0.13%
EAT	A	0.31%	0.03%	0.03%
EGY	F	0.0%	0.08%	0.0%
ELEV	D	0.0%	0.04%	0.0%
ELVN	C	0.07%	0.03%	0.03%
ENSG	D	0.56%	0.15%	0.15%
EOLS	F	0.05%	0.12%	0.05%
EPAC	B	0.19%	0.03%	0.03%
EU	D	0.03%	0.04%	0.03%
EVER	F	0.03%	0.16%	0.03%
EWTX	C	0.18%	0.22%	0.18%
FBP	B	0.02%	0.31%	0.02%
FG	B	0.0%	0.09%	0.0%
FN	B	0.67%	0.04%	0.04%
FOR	F	0.0%	0.02%	0.0%
FSS	B	0.37%	0.05%	0.05%
GERN	F	0.12%	0.08%	0.08%
GFF	B	0.18%	0.18%	0.18%
GKOS	A	0.47%	0.26%	0.26%
GMS	B	0.24%	0.05%	0.05%
GOLF	B	0.14%	0.02%	0.02%
GPOR	A	0.07%	0.12%	0.07%
GRBK	D	0.04%	0.12%	0.04%
GRND	A	0.03%	0.09%	0.03%
HALO	F	0.52%	0.19%	0.19%
HCI	C	0.07%	0.1%	0.07%
HEAR	C	0.01%	0.02%	0.01%
HIMS	C	0.3%	0.17%	0.17%
HLX	C	0.02%	0.02%	0.02%
HNI	B	0.08%	0.11%	0.08%
HNST	A	0.01%	0.04%	0.01%
HOV	D	0.0%	0.03%	0.0%
HROW	D	0.11%	0.1%	0.1%
HRTX	F	0.0%	0.06%	0.0%
HUMA	F	0.03%	0.09%	0.03%
HWKN	B	0.16%	0.13%	0.13%
HY	D	0.03%	0.09%	0.03%
IBP	F	0.34%	0.13%	0.13%
ICFI	F	0.22%	0.07%	0.07%
IDT	B	0.04%	0.04%	0.04%
IDYA	F	0.18%	0.05%	0.05%
IESC	A	0.16%	0.26%	0.16%
IMNM	F	0.05%	0.12%	0.05%
INOD	B	0.08%	0.07%	0.07%
INSM	C	0.79%	0.3%	0.3%
INVA	C	0.01%	0.2%	0.01%
ITGR	B	0.22%	0.1%	0.1%
ITRI	B	0.35%	0.02%	0.02%
JANX	C	0.1%	0.15%	0.1%
KALV	F	0.03%	0.07%	0.03%
KBH	D	0.05%	0.3%	0.05%
KLG	D	0.08%	0.06%	0.06%
KRYS	C	0.34%	0.1%	0.1%
KTB	A	0.34%	0.08%	0.08%
KTOS	C	0.12%	0.04%	0.04%
KURA	F	0.09%	0.07%	0.07%
LAUR	A	0.14%	0.07%	0.07%
LBPH	A	0.13%	0.16%	0.13%
LBRT	F	0.01%	0.02%	0.01%
LFMD	C	0.01%	0.02%	0.01%
LMAT	A	0.14%	0.03%	0.03%
LMB	A	0.07%	0.2%	0.07%
LNTH	F	0.41%	0.18%	0.18%
LPG	F	0.03%	0.1%	0.03%
LQDA	F	0.04%	0.11%	0.04%
LRMR	D	0.03%	0.06%	0.03%
LRN	A	0.3%	0.22%	0.22%
LXRX	F	0.0%	0.02%	0.0%
MAX	F	0.02%	0.1%	0.02%
MCY	B	0.02%	0.17%	0.02%
MDGL	C	0.42%	0.02%	0.02%
METC	C	0.02%	0.02%	0.02%
MIR	A	0.03%	0.03%	0.03%
MLI	B	0.66%	0.1%	0.1%
MNMD	C	0.04%	0.08%	0.04%
MOD	A	0.45%	0.13%	0.13%
MOG.A	B	0.43%	0.17%	0.17%
MRSN	C	0.01%	0.02%	0.01%
NMIH	D	0.02%	0.03%	0.02%
NPO	A	0.03%	0.09%	0.03%
NRIX	C	0.08%	0.1%	0.08%
NSSC	F	0.09%	0.04%	0.04%
NUVL	D	0.23%	0.11%	0.11%
NVAX	F	0.07%	0.1%	0.07%
OCGN	F	0.02%	0.08%	0.02%
OCUL	C	0.12%	0.1%	0.1%
OII	B	0.19%	0.09%	0.09%
OSCR	C	0.18%	0.21%	0.18%
OSIS	A	0.16%	0.04%	0.04%
OSW	B	0.13%	0.06%	0.06%
OUST	C	0.0%	0.04%	0.0%
PAHC	B	0.01%	0.12%	0.01%
PAR	A	0.17%	0.02%	0.02%
PATK	D	0.18%	0.08%	0.08%
PBI	B	0.02%	0.05%	0.02%
PCVX	D	0.87%	0.28%	0.28%
PFSI	C	0.11%	0.03%	0.03%
PHAT	F	0.01%	0.12%	0.01%
PI	D	0.32%	0.17%	0.17%
PLMR	A	0.17%	0.02%	0.02%
PLSE	C	0.02%	0.09%	0.02%
PNTG	D	0.06%	0.13%	0.06%
POWL	C	0.22%	0.26%	0.22%
PRCT	B	0.29%	0.1%	0.1%
PRG	C	0.02%	0.03%	0.02%
PRIM	A	0.27%	0.12%	0.12%
PTGX	D	0.18%	0.12%	0.12%
PTVE	B	0.0%	0.12%	0.0%
QNST	C	0.08%	0.08%	0.08%
QTWO	B	0.41%	0.03%	0.03%
RDNT	B	0.33%	0.08%	0.08%
REVG	B	0.08%	0.2%	0.08%
REX	D	0.01%	0.06%	0.01%
RNA	C	0.34%	0.16%	0.16%
ROAD	A	0.28%	0.14%	0.14%
RSI	B	0.06%	0.17%	0.06%
RVLV	B	0.08%	0.1%	0.08%
RVMD	B	0.41%	0.14%	0.14%
RXST	F	0.12%	0.11%	0.11%
RYTM	C	0.25%	0.12%	0.12%
SAVA	C	0.07%	0.09%	0.07%
SEM	B	0.2%	0.1%	0.1%
SFBS	B	0.09%	0.06%	0.06%
SFL	D	0.02%	0.17%	0.02%
SFM	A	1.0%	0.57%	0.57%
SHAK	C	0.34%	0.09%	0.09%
SHOO	D	0.22%	0.04%	0.04%
SIGA	F	0.02%	0.06%	0.02%
SKWD	A	0.03%	0.16%	0.03%
SLVM	C	0.05%	0.1%	0.05%
SMMT	D	0.12%	0.23%	0.12%
SMR	A	0.13%	0.13%	0.13%
SOUN	C	0.14%	0.1%	0.1%
SPNT	A	0.01%	0.09%	0.01%
SPRY	C	0.06%	0.1%	0.06%
SRRK	B	0.12%	0.02%	0.02%
STEP	B	0.29%	0.05%	0.05%
STOK	D	0.03%	0.07%	0.03%
STRL	A	0.4%	0.15%	0.15%
SVRA	F	0.03%	0.02%	0.02%
SWTX	C	0.16%	0.06%	0.06%
SXI	B	0.13%	0.07%	0.07%
TDW	F	0.19%	0.11%	0.11%
TERN	F	0.0%	0.04%	0.0%
TFIN	B	0.13%	0.04%	0.04%
TGTX	B	0.27%	0.06%	0.06%
THR	B	0.01%	0.02%	0.01%
TILE	B	0.01%	0.1%	0.01%
TMDX	F	0.19%	0.1%	0.1%
TNC	F	0.05%	0.1%	0.05%
TNDM	F	0.13%	0.15%	0.13%
TPB	A	0.05%	0.11%	0.05%
TREE	F	0.03%	0.15%	0.03%
TRN	A	0.19%	0.03%	0.03%
TSHA	D	0.02%	0.05%	0.02%
TWST	F	0.18%	0.09%	0.09%
UFPT	C	0.17%	0.07%	0.07%
USLM	A	0.1%	0.02%	0.02%
UTI	A	0.05%	0.12%	0.05%
UVE	A	0.01%	0.09%	0.01%
VCEL	A	0.18%	0.04%	0.04%
VCTR	B	0.19%	0.19%	0.19%
VERA	C	0.13%	0.13%	0.13%
VERX	A	0.19%	0.1%	0.1%
VITL	D	0.07%	0.27%	0.07%
VRNS	D	0.39%	0.06%	0.06%
VSEC	B	0.02%	0.06%	0.02%
WDFC	B	0.26%	0.05%	0.05%
WULF	C	0.12%	0.16%	0.12%
WVE	C	0.07%	0.03%	0.03%
WWW	A	0.12%	0.03%	0.03%
YMAB	F	0.04%	0.13%	0.04%
ZETA	D	0.43%	0.14%	0.14%

IWO Overweight 831 Positions Relative to VFMO

Symbol	Grade	Weight
FTAI	A	1.09%
HQY	A	0.57%
FLR	B	0.54%
SPXC	A	0.52%
HLNE	A	0.51%
GTLS	A	0.49%
EXLS	B	0.49%
SPSC	F	0.47%
NOVT	D	0.45%
HRI	C	0.45%
BMI	C	0.45%
CWST	A	0.45%
RHP	B	0.45%
UPST	B	0.43%
BECN	B	0.42%
CBT	C	0.42%
RMBS	C	0.41%
BCPC	B	0.4%
PIPR	B	0.4%
CHX	C	0.4%
MMSI	A	0.4%
ALTR	B	0.4%
WTS	B	0.39%
QLYS	C	0.39%
KNF	B	0.39%
MMS	D	0.38%
ZWS	B	0.37%
DY	C	0.37%
FFIN	B	0.37%
EXPO	D	0.36%
SIGI	B	0.35%
TENB	D	0.34%
WK	C	0.33%
CORT	C	0.33%
CWAN	B	0.33%
IONQ	B	0.33%
FELE	B	0.33%
IDCC	B	0.32%
KAI	B	0.32%
RKLB	B	0.32%
ALKS	C	0.32%
BOX	B	0.32%
NSIT	F	0.32%
FTDR	B	0.31%
UFPI	C	0.31%
HAE	C	0.3%
MGY	A	0.3%
AEIS	B	0.3%
WHD	B	0.3%
BCO	F	0.3%
FCFS	F	0.29%
NXT	D	0.29%
MARA	C	0.29%
SITM	B	0.28%
VRRM	F	0.27%
SG	B	0.27%
CVCO	A	0.27%
MWA	B	0.27%
BOOT	D	0.27%
BHVN	C	0.27%
RXO	C	0.27%
MC	B	0.26%
POWI	D	0.26%
PJT	B	0.26%
LANC	D	0.26%
SLAB	F	0.25%
CCOI	B	0.25%
ATMU	A	0.25%
BLKB	B	0.24%
BL	C	0.24%
ATKR	D	0.24%
GVA	A	0.24%
AXNX	A	0.24%
ENS	D	0.24%
SMPL	B	0.23%
GH	B	0.23%
FRSH	C	0.23%
SMTC	C	0.23%
SXT	C	0.22%
FOLD	F	0.22%
FORM	F	0.22%
AXSM	B	0.22%
BWIN	D	0.21%
ALRM	C	0.21%
CARG	B	0.21%
HGV	C	0.21%
FUN	C	0.21%
NE	D	0.21%
UEC	A	0.21%
RELY	B	0.2%
LCII	D	0.2%
CNS	B	0.2%
MGRC	B	0.2%
ENV	B	0.2%
TNET	F	0.2%
APAM	B	0.2%
NARI	C	0.19%
BDC	B	0.19%
ARCB	C	0.19%
ACLS	F	0.19%
HBI	B	0.19%
PTON	C	0.19%
AUR	C	0.19%
NSP	F	0.19%
PRGS	B	0.19%
AMR	C	0.18%
ARWR	D	0.18%
KLIC	C	0.18%
WD	D	0.18%
CPRX	C	0.18%
IOVA	F	0.18%
DRS	B	0.18%
IRTC	C	0.18%
BCC	C	0.18%
JJSF	C	0.18%
AEO	F	0.18%
YOU	D	0.17%
SKY	A	0.17%
WNS	D	0.17%
VC	F	0.17%
RPD	C	0.17%
TBBK	B	0.17%
FLYW	B	0.17%
DOCN	D	0.17%
GSHD	B	0.17%
PTCT	C	0.17%
IOSP	C	0.17%
BRZE	C	0.16%
MTRN	C	0.16%
APGE	F	0.16%
INTA	B	0.16%
IPAR	C	0.16%
AI	B	0.16%
YELP	C	0.16%
CORZ	B	0.16%
BBIO	F	0.16%
KWR	D	0.16%
BE	A	0.16%
ENR	B	0.16%
MYRG	C	0.16%
PRVA	C	0.15%
HURN	B	0.15%
DNLI	C	0.15%
CAKE	B	0.15%
KYMR	C	0.15%
EVTC	B	0.15%
CNMD	C	0.15%
PAYO	A	0.15%
ALG	C	0.14%
VAL	F	0.14%
KROS	D	0.14%
ASTH	F	0.14%
BATRK	B	0.14%
NATL	B	0.14%
JOBY	B	0.14%
ACAD	C	0.14%
AMPH	F	0.13%
NVCR	D	0.13%
PRKS	B	0.13%
RAMP	C	0.13%
VYX	C	0.13%
JOE	F	0.13%
AVPT	A	0.13%
UPWK	C	0.13%
TGLS	B	0.12%
WRBY	A	0.12%
ARVN	F	0.12%
PLUS	F	0.12%
AVDX	B	0.12%
HEES	C	0.12%
UPBD	C	0.12%
IMVT	F	0.12%
ESE	B	0.12%
SNDX	F	0.12%
OPCH	F	0.12%
AWR	A	0.12%
TARS	C	0.12%
PD	C	0.12%
MGEE	A	0.11%
BCRX	D	0.11%
NGVT	C	0.11%
MIRM	C	0.11%
APPN	C	0.11%
CSGS	B	0.11%
TRUP	B	0.11%
UCTT	F	0.11%
KOS	D	0.11%
RXRX	D	0.11%
BKE	B	0.1%
AESI	B	0.1%
LOB	C	0.1%
PSMT	D	0.1%
USPH	C	0.1%
ENVX	F	0.1%
STAA	F	0.1%
CALX	D	0.1%
OTTR	C	0.1%
CHEF	B	0.1%
AVDL	F	0.1%
SKT	A	0.1%
MNKD	B	0.1%
WT	A	0.1%
MQ	F	0.1%
MGNI	A	0.1%
SONO	C	0.1%
EVH	F	0.1%
FLNC	C	0.09%
PLAY	D	0.09%
KALU	C	0.09%
MTTR	B	0.09%
XMTR	C	0.09%
PWP	A	0.09%
SLNO	C	0.09%
SPT	C	0.09%
JAMF	F	0.09%
PZZA	F	0.09%
HLIT	D	0.09%
CWH	C	0.09%
VECO	F	0.09%
PRAX	C	0.09%
PLXS	B	0.09%
INFN	D	0.09%
DVAX	C	0.09%
THRM	F	0.09%
VRTS	B	0.09%
ZUO	B	0.09%
CLDX	F	0.09%
COCO	A	0.09%
PGNY	F	0.09%
ERII	D	0.08%
XPEL	C	0.08%
EXTR	C	0.08%
RDFN	D	0.08%
NMRA	F	0.08%
CGON	F	0.08%
KFRC	D	0.08%
ASAN	C	0.08%
EXPI	C	0.08%
RCKT	F	0.08%
ATEN	A	0.08%
VRDN	D	0.08%
FIZZ	C	0.08%
SOC	C	0.08%
ATRC	C	0.08%
TPH	D	0.08%
LZ	C	0.08%
ARDX	F	0.08%
PHR	F	0.08%
WOR	F	0.08%
HLIO	C	0.08%
MXL	C	0.08%
LMND	A	0.08%
RRR	F	0.08%
FUL	F	0.08%
AMBA	B	0.08%
GSAT	C	0.08%
RCUS	F	0.07%
DRVN	B	0.07%
ATEC	C	0.07%
DNUT	F	0.07%
SHLS	F	0.07%
CLB	C	0.07%
TRNS	F	0.07%
WLY	B	0.07%
ASGN	F	0.07%
VZIO	A	0.07%
COUR	F	0.07%
JBI	F	0.07%
OUT	A	0.07%
PDFS	D	0.07%
PRO	C	0.07%
IMAX	A	0.07%
BTSG	B	0.07%
SDGR	C	0.07%
MCRI	A	0.07%
ROCK	D	0.07%
ADEA	C	0.07%
NN	A	0.07%
HRMY	F	0.07%
AMN	F	0.07%
NEXT	B	0.06%
YEXT	B	0.06%
AUPH	C	0.06%
UDMY	D	0.06%
BSIG	A	0.06%
PACS	F	0.06%
BLFS	C	0.06%
KNSA	F	0.06%
ACHR	B	0.06%
SM	C	0.06%
GRC	B	0.06%
COGT	D	0.06%
CIFR	C	0.06%
GBTG	A	0.06%
OEC	C	0.06%
DFH	F	0.06%
WAY	B	0.06%
SEZL	B	0.06%
IE	C	0.06%
VVI	B	0.06%
ARRY	F	0.06%
LEU	C	0.06%
JACK	D	0.06%
ASO	F	0.06%
CXM	C	0.06%
BBSI	B	0.06%
URBN	C	0.05%
ACMR	F	0.05%
MCW	C	0.05%
LNN	B	0.05%
FA	D	0.05%
ML	B	0.05%
HCKT	B	0.05%
ROOT	B	0.05%
BASE	C	0.05%
MGPI	F	0.05%
CDMO	A	0.05%
HI	C	0.05%
PECO	A	0.05%
VICR	C	0.05%
CCB	A	0.05%
ZIP	D	0.05%
AMPL	B	0.05%
TTGT	B	0.05%
UTZ	D	0.05%
JBSS	F	0.05%
GDYN	C	0.05%
FSLY	F	0.05%
OXM	F	0.05%
CWT	C	0.05%
NABL	F	0.05%
DBRG	F	0.04%
CASS	B	0.04%
AMBP	D	0.04%
PLAB	D	0.04%
LQDT	A	0.04%
PTLO	F	0.04%
AXGN	D	0.04%
KRUS	D	0.04%
CEVA	B	0.04%
WEAV	B	0.04%
MRVI	F	0.04%
AGL	F	0.04%
IBTA	D	0.04%
HLF	C	0.04%
AIV	C	0.04%
CVI	D	0.04%
EVRI	A	0.04%
AVBP	C	0.04%
LPRO	C	0.04%
OSPN	B	0.04%
APOG	B	0.04%
APLD	A	0.04%
ACEL	C	0.04%
AIN	C	0.04%
CYTK	D	0.04%
NRDS	C	0.04%
FWRG	C	0.04%
IBRX	C	0.04%
VSCO	A	0.04%
XNCR	B	0.04%
IMXI	B	0.04%
SSTK	F	0.04%
BLMN	F	0.04%
GCT	C	0.04%
PUBM	C	0.04%
MEG	F	0.04%
NGNE	F	0.03%
EGHT	C	0.03%
HLMN	B	0.03%
XPOF	B	0.03%
GIC	F	0.03%
RVNC	F	0.03%
RDVT	A	0.03%
MLNK	C	0.03%
TMCI	C	0.03%
BFS	C	0.03%
NVEC	D	0.03%
AKRO	C	0.03%
SANA	F	0.03%
WRLD	D	0.03%
LYTS	A	0.03%
ARCT	F	0.03%
CTRE	C	0.03%
TALK	C	0.03%
GHM	A	0.03%
CSV	B	0.03%
MDXG	A	0.03%
DAVE	B	0.03%
CBL	A	0.03%
ARHS	F	0.03%
PRTA	F	0.03%
MITK	D	0.03%
IRMD	C	0.03%
CAPR	C	0.03%
BIGC	C	0.03%
ASPI	C	0.03%
FC	F	0.03%
BATRA	D	0.03%
MYE	F	0.03%
AHCO	D	0.03%
DHIL	A	0.03%
THRY	F	0.03%
LWLG	D	0.03%
ENFN	B	0.03%
ESQ	B	0.03%
AGS	A	0.03%
TTI	B	0.03%
ATXS	F	0.03%
UHT	D	0.03%
ALEC	F	0.03%
AIR	B	0.03%
LFST	C	0.03%
BBW	B	0.03%
DMRC	B	0.03%
PX	A	0.03%
PLOW	D	0.03%
SLP	F	0.03%
XERS	C	0.03%
SEMR	C	0.03%
CTLP	B	0.03%
CATX	F	0.03%
GCMG	A	0.03%
RIOT	C	0.03%
ALX	D	0.03%
AMSF	B	0.03%
SIBN	F	0.03%
CLMB	A	0.03%
EAF	B	0.03%
CRGY	A	0.03%
SBGI	B	0.03%
ALTG	C	0.02%
AEYE	C	0.02%
LOVE	A	0.02%
CRCT	F	0.02%
MGNX	D	0.02%
LIF	C	0.02%
SYNA	D	0.02%
BMEA	F	0.02%
HTLD	B	0.02%
NBR	D	0.02%
GCBC	C	0.02%
PRME	F	0.02%
SVV	F	0.02%
NVEE	F	0.02%
NTST	D	0.02%
IRWD	F	0.02%
IIIN	D	0.02%
TDOC	D	0.02%
JBT	A	0.02%
EWCZ	D	0.02%
SKYT	F	0.02%
AIP	C	0.02%
CHPT	F	0.02%
SPIR	B	0.02%
CBRL	C	0.02%
WEST	C	0.02%
DENN	D	0.02%
KNTK	A	0.02%
EB	C	0.02%
NOG	B	0.02%
TRAK	A	0.02%
CENTA	C	0.02%
REAL	B	0.02%
LAZR	D	0.02%
FDMT	F	0.02%
SAH	B	0.02%
HSTM	A	0.02%
MAMA	A	0.02%
EYPT	D	0.02%
SEAT	F	0.02%
PBPB	C	0.02%
CYRX	F	0.02%
CTRI	B	0.02%
BLZE	D	0.02%
JSPR	C	0.02%
PRCH	B	0.02%
INDI	C	0.02%
INST	B	0.02%
SNCY	C	0.02%
LUNG	F	0.02%
AMRC	F	0.02%
OLO	B	0.02%
PCT	C	0.02%
SABR	B	0.02%
CMPO	B	0.02%
ULCC	D	0.02%
SNEX	B	0.02%
PDCO	F	0.02%
TH	C	0.02%
VMD	C	0.02%
ALT	C	0.02%
DOMO	C	0.02%
BYRN	A	0.02%
DIOD	F	0.02%
CCS	F	0.02%
RIGL	B	0.02%
CDXC	A	0.02%
RCEL	B	0.02%
NRC	F	0.02%
CON	D	0.02%
DK	D	0.02%
CERS	D	0.02%
WERN	B	0.02%
JELD	F	0.02%
BYND	F	0.02%
LESL	C	0.02%
TYRA	D	0.02%
IGT	F	0.02%
BWMN	C	0.02%
EVLV	F	0.02%
AEHR	F	0.02%
BANF	B	0.02%
FNA	B	0.02%
GETY	F	0.02%
SRDX	B	0.02%
LIND	B	0.02%
MNTK	F	0.02%
URGN	F	0.02%
NIC	B	0.02%
BJRI	C	0.02%
ICHR	C	0.02%
DSGR	C	0.02%
OTLK	D	0.01%
HQI	B	0.01%
CVLG	B	0.01%
REKR	F	0.01%
AKYA	D	0.01%
ODC	C	0.01%
OVID	D	0.01%
MCBS	B	0.01%
CRGX	F	0.01%
BLNK	F	0.01%
YORW	D	0.01%
EVGO	C	0.01%
QBTS	C	0.01%
GLSI	F	0.01%
GCO	C	0.01%
EVI	D	0.01%
CTGO	D	0.01%
MODV	D	0.01%
DIN	C	0.01%
NWPX	A	0.01%
EP	C	0.01%
OMER	B	0.01%
AMWD	C	0.01%
ACCD	F	0.01%
EVEX	F	0.01%
INMB	F	0.01%
CWCO	C	0.01%
MLYS	D	0.01%
FULC	F	0.01%
STXS	C	0.01%
SHBI	B	0.01%
QUIK	F	0.01%
GNE	F	0.01%
ACHV	F	0.01%
EMBC	D	0.01%
AIRS	C	0.01%
PSTL	D	0.01%
NTIC	C	0.01%
NGVC	A	0.01%
NPCE	C	0.01%
DC	F	0.01%
ARTV	F	0.01%
MRAM	D	0.01%
ALMS	F	0.01%
LWAY	C	0.01%
PFIS	B	0.01%
LKFN	B	0.01%
SSTI	D	0.01%
FBLG	F	0.01%
IAS	D	0.01%
LAW	F	0.01%
RILY	F	0.01%
SCWO	F	0.01%
OPRX	F	0.01%
TRVI	C	0.01%
EGAN	D	0.01%
TAYD	F	0.01%
GOOD	A	0.01%
QRHC	F	0.01%
XFOR	F	0.01%
BRY	F	0.01%
CRBP	F	0.01%
STGW	B	0.01%
INBX	F	0.01%
ESPR	B	0.01%
PRTH	A	0.01%
KRRO	D	0.01%
LVWR	C	0.01%
ISPR	F	0.01%
PKE	C	0.01%
KFS	B	0.01%
ULH	B	0.01%
MVIS	F	0.01%
PLUG	F	0.01%
SKYH	C	0.01%
SUPN	B	0.01%
GRPN	F	0.01%
SCPH	F	0.01%
SKIN	C	0.01%
OPFI	A	0.01%
WGS	C	0.01%
OLMA	F	0.01%
JYNT	D	0.01%
TIPT	B	0.01%
TSQ	D	0.01%
INBK	B	0.01%
TCX	F	0.01%
JILL	D	0.01%
BBAI	C	0.01%
SYRE	D	0.01%
RAPP	C	0.01%
LCTX	C	0.01%
PAYS	F	0.01%
QUAD	B	0.01%
BTMD	B	0.01%
FFWM	C	0.01%
ZYXI	D	0.01%
MSGE	F	0.01%
TNGX	F	0.01%
IRON	C	0.01%
ARDT	F	0.01%
SMTI	B	0.01%
ADCT	F	0.01%
PMTS	C	0.01%
TCRX	F	0.01%
ORIC	F	0.01%
SGHT	F	0.01%
OMI	F	0.01%
LAB	D	0.01%
RNAC	F	0.01%
CDZI	C	0.01%
LGIH	F	0.01%
INFU	B	0.01%
VSTM	D	0.01%
BVS	C	0.01%
XOMA	C	0.01%
FHTX	C	0.01%
GWRS	B	0.01%
NEO	C	0.01%
PROK	D	0.01%
MSEX	B	0.01%
CTOS	B	0.01%
SMID	B	0.01%
PFMT	F	0.01%
WKC	D	0.01%
EVCM	B	0.01%
LIVN	D	0.01%
SCL	D	0.01%
LXEO	F	0.01%
CDLX	D	0.01%
UMH	A	0.01%
MGTX	C	0.01%
IGMS	F	0.01%
MLP	C	0.01%
KREF	D	0.01%
RGR	F	0.01%
OFLX	D	0.01%
SERA	F	0.01%
CRD.B	C	0.01%
ARAY	D	0.01%
KGS	A	0.01%
ANDE	F	0.01%
AVXL	C	0.01%
UP	F	0.01%
SMLR	B	0.01%
LNZA	F	0.01%
KRT	B	0.01%
MLAB	F	0.01%
NATH	B	0.01%
CVRX	C	0.01%
DSP	A	0.01%
ZVRA	A	0.01%
KLTR	A	0.01%
ZURA	F	0.01%
WTI	F	0.01%
GOGO	C	0.01%
MRTN	C	0.01%
AVAH	B	0.01%
RICK	C	0.01%
PESI	C	0.01%
INSE	B	0.01%
CDT	F	0.0%
SES	F	0.0%
QRTEB	F	0.0%
MKTW	F	0.0%
SCLX	F	0.0%
MGX	F	0.0%
MASS	F	0.0%
ULBI	F	0.0%
GRWG	F	0.0%
BAER	C	0.0%
AGEN	F	0.0%
PGEN	F	0.0%
HLVX	F	0.0%
VGAS	C	0.0%
TDUP	C	0.0%
LYRA	F	0.0%
BOLD	F	0.0%
TELO	F	0.0%
RSVR	B	0.0%
SLDB	F	0.0%
SKYE	D	0.0%
VIRC	C	0.0%
ATLC	A	0.0%
RMNI	C	0.0%
HOWL	F	0.0%
NNE	B	0.0%
RENB	F	0.0%
VRCA	F	0.0%
SPCE	D	0.0%
MEC	F	0.0%
TVGN	D	0.0%
BSVN	A	0.0%
DTI	F	0.0%
GCTS	F	0.0%
ATOS	F	0.0%
ARQ	A	0.0%
IIIV	B	0.0%
DIBS	F	0.0%
CTV	F	0.0%
BOC	D	0.0%
LUNR	B	0.0%
AISP	D	0.0%
CIX	C	0.0%
MITT	D	0.0%
PLPC	B	0.0%
CHRS	F	0.0%
FBIZ	A	0.0%
ALDX	C	0.0%
AMPX	C	0.0%
LSEA	F	0.0%
DLHC	F	0.0%
SHYF	C	0.0%
ORGO	B	0.0%
UHG	B	0.0%
ALNT	C	0.0%
LASR	D	0.0%
STTK	F	0.0%
EVC	C	0.0%
FUBO	F	0.0%
HDSN	F	0.0%
CZFS	A	0.0%
SST	F	0.0%
NATR	B	0.0%
EHAB	D	0.0%
SVCO	F	0.0%
AVTE	C	0.0%
PROP	F	0.0%
ORN	B	0.0%
SGC	C	0.0%
HBIO	F	0.0%
GALT	C	0.0%
AHH	D	0.0%
NVTS	F	0.0%
FIGS	F	0.0%
ARIS	B	0.0%
PBYI	D	0.0%
CHCT	C	0.0%
PAL	F	0.0%
CLBK	C	0.0%
AKBA	C	0.0%
VALU	C	0.0%
HCAT	C	0.0%
INNV	F	0.0%
AOMR	F	0.0%
OOMA	A	0.0%
ANIK	F	0.0%
CDXS	B	0.0%
TNYA	C	0.0%
RM	D	0.0%
BOOM	F	0.0%
MLR	C	0.0%
AILE	F	0.0%
MPX	C	0.0%
CABA	F	0.0%
SNDA	F	0.0%
OABI	D	0.0%
MOND	F	0.0%
NGS	A	0.0%
GUTS	F	0.0%
EYE	C	0.0%
CRDF	D	0.0%
ALXO	F	0.0%
FLWS	F	0.0%
BOW	A	0.0%
MYFW	B	0.0%
DNTH	F	0.0%
ARKO	D	0.0%
GMGI	C	0.0%
SWBI	C	0.0%
METCB	C	0.0%
NOTE	F	0.0%
RCKY	F	0.0%
KYTX	F	0.0%
ANRO	F	0.0%
OPEN	F	0.0%
MAPS	C	0.0%
REPX	A	0.0%
USCB	B	0.0%
CURV	C	0.0%
CTNM	D	0.0%
PCRX	C	0.0%
ATNM	F	0.0%
LVO	F	0.0%
PSTX	D	0.0%
EPM	A	0.0%
NRDY	D	0.0%
RDW	A	0.0%
ITIC	A	0.0%
CLPR	D	0.0%
STKS	F	0.0%
CRSR	D	0.0%
OBIO	D	0.0%
HLLY	F	0.0%
PLL	C	0.0%
AVO	B	0.0%
CCO	D	0.0%
CRVO	F	0.0%
PEPG	F	0.0%
BMBL	C	0.0%
TTSH	D	0.0%
QTRX	D	0.0%
STRW	C	0.0%
WBTN	C	0.0%
VERU	F	0.0%
CVGW	D	0.0%
VTSI	C	0.0%
DCGO	B	0.0%

IWO Underweight 327 Positions Relative to VFMO

Symbol	Grade	Weight
ANET	C	-1.27%
C	B	-1.21%
KKR	A	-1.17%
META	C	-1.15%
GE	D	-1.14%
NFLX	A	-1.12%
LLY	F	-1.07%
T	A	-1.02%
PGR	B	-0.97%
KLAC	F	-0.94%
TT	A	-0.94%
COST	A	-0.89%
BSX	A	-0.89%
CMG	C	-0.82%
RTX	D	-0.79%
MMM	D	-0.77%
DHI	D	-0.77%
TDG	D	-0.76%
CTAS	B	-0.73%
TFC	A	-0.73%
APH	B	-0.72%
HCA	F	-0.72%
BK	B	-0.71%
NVDA	A	-0.71%
CL	D	-0.7%
ISRG	A	-0.7%
AVGO	C	-0.68%
WMT	A	-0.66%
PLTR	A	-0.66%
APP	A	-0.66%
AXP	B	-0.65%
MCK	A	-0.63%
TMUS	B	-0.57%
VRTX	D	-0.57%
REGN	F	-0.54%
SPOT	B	-0.52%
AFL	C	-0.49%
VRT	A	-0.48%
EME	A	-0.48%
WING	D	-0.47%
NEM	D	-0.46%
NTRA	A	-0.4%
NTAP	C	-0.39%
AWI	B	-0.38%
ALSN	B	-0.38%
DVA	C	-0.38%
PNC	B	-0.37%
MTB	A	-0.37%
NU	C	-0.37%
GDDY	A	-0.37%
DELL	B	-0.36%
HBAN	B	-0.35%
GM	B	-0.35%
FIX	A	-0.35%
FITB	B	-0.34%
SKYW	B	-0.34%
BPOP	C	-0.33%
DECK	A	-0.33%
CVNA	A	-0.33%
LMT	D	-0.33%
GRMN	B	-0.32%
WTW	B	-0.32%
PSTG	F	-0.32%
STC	B	-0.31%
MHK	D	-0.31%
HLT	A	-0.3%
FANG	D	-0.29%
AXS	A	-0.28%
MSI	B	-0.27%
PM	A	-0.27%
TJX	A	-0.27%
RCL	A	-0.27%
MPWR	F	-0.26%
URI	B	-0.26%
GD	D	-0.26%
FRPT	A	-0.26%
SN	D	-0.25%
CNM	C	-0.24%
XPO	B	-0.23%
FICO	B	-0.23%
ORI	A	-0.23%
WAB	B	-0.23%
TPG	A	-0.23%
DHT	D	-0.22%
JXN	C	-0.22%
CR	A	-0.22%
PPC	B	-0.22%
COKE	C	-0.22%
WSM	D	-0.22%
THC	C	-0.22%
EHC	B	-0.22%
MSTR	A	-0.22%
ALL	A	-0.22%
TRGP	A	-0.21%
IBM	C	-0.21%
JLL	D	-0.21%
UTHR	C	-0.2%
PH	B	-0.2%
LDOS	C	-0.2%
UHS	D	-0.2%
LPX	B	-0.2%
RMD	C	-0.2%
AGO	A	-0.2%
HOOD	A	-0.2%
CRUS	F	-0.2%
EVR	B	-0.2%
CDE	C	-0.2%
BRBR	A	-0.2%
ALNY	D	-0.2%
CRBG	B	-0.2%
GWRE	A	-0.2%
CFG	B	-0.19%
SKX	F	-0.19%
HIG	B	-0.19%
AXON	A	-0.19%
CSL	C	-0.19%
PHM	D	-0.19%
MUSA	B	-0.19%
FTI	A	-0.19%
TOL	B	-0.19%
NPAB	F	-0.19%
MO	A	-0.18%
RL	C	-0.18%
KD	A	-0.18%
SCCO	F	-0.18%
VKTX	F	-0.18%
GS	B	-0.18%
COR	B	-0.18%
TNK	F	-0.17%
DKS	D	-0.17%
AJG	B	-0.17%
ARES	A	-0.17%
KEX	B	-0.17%
GWW	B	-0.17%
BFAM	F	-0.17%
ESAB	C	-0.16%
SLM	B	-0.16%
SNV	B	-0.16%
PSN	C	-0.16%
RKT	F	-0.16%
ACGL	D	-0.16%
BURL	A	-0.16%
CLH	C	-0.16%
MLKN	F	-0.16%
TPC	C	-0.16%
JEF	A	-0.15%
OWL	A	-0.15%
UMBF	B	-0.15%
INSW	F	-0.15%
WTFC	B	-0.15%
SGBX	F	-0.15%
COHR	B	-0.15%
CW	B	-0.14%
INGR	B	-0.14%
HL	C	-0.14%
COIN	A	-0.13%
LII	A	-0.13%
EXP	B	-0.13%
IBKR	A	-0.13%
BLD	F	-0.13%
LUMN	C	-0.13%
AYI	B	-0.13%
NHC	B	-0.13%
CPNG	D	-0.13%
TTEK	F	-0.13%
MEDP	D	-0.13%
LNW	F	-0.12%
RUN	F	-0.12%
VIRT	A	-0.12%
CASY	A	-0.12%
ATI	C	-0.12%
HRB	D	-0.12%
DTM	A	-0.12%
NVR	D	-0.12%
BV	C	-0.12%
BGC	C	-0.12%
NR	C	-0.11%
BAC	A	-0.11%
HCC	B	-0.11%
MATX	B	-0.11%
PRMW	C	-0.11%
ETN	B	-0.11%
TDS	B	-0.11%
BFH	B	-0.11%
PRI	A	-0.11%
IBCP	B	-0.11%
HASI	F	-0.11%
MTG	D	-0.11%
CPF	B	-0.11%
PRK	B	-0.11%
CBSH	A	-0.11%
NNBR	C	-0.11%
SCS	B	-0.11%
ANNX	F	-0.11%
LTH	C	-0.1%
BAH	D	-0.1%
GAP	D	-0.1%
GBCI	B	-0.1%
WRB	B	-0.1%
PHIN	B	-0.1%
PRDO	B	-0.1%
ZIMV	F	-0.1%
UWMC	D	-0.1%
AMAL	B	-0.1%
BKU	A	-0.1%
FCNCA	A	-0.1%
NEU	D	-0.09%
WWD	B	-0.09%
PWR	A	-0.09%
GOGL	C	-0.09%
PNR	B	-0.09%
DOLE	D	-0.09%
GNK	D	-0.09%
BELFB	C	-0.09%
CNO	B	-0.09%
STBA	B	-0.09%
BLX	B	-0.08%
HEI	A	-0.08%
PFBC	B	-0.08%
OFG	B	-0.08%
RYAN	B	-0.08%
STNG	D	-0.08%
NBTB	B	-0.08%
NKTX	F	-0.08%
AM	A	-0.08%
GEO	A	-0.08%
CXW	B	-0.08%
WSO	A	-0.08%
PRM	B	-0.08%
TK	D	-0.08%
OMF	A	-0.08%
MTX	C	-0.08%
IBOC	B	-0.08%
AGIO	C	-0.07%
RGA	B	-0.07%
RDN	D	-0.07%
AOSL	C	-0.07%
USAP	A	-0.07%
HWM	A	-0.07%
ALLY	C	-0.07%
CNA	C	-0.07%
GCI	D	-0.07%
BRO	B	-0.07%
AIZ	A	-0.07%
CROX	F	-0.07%
WAL	B	-0.06%
USFD	A	-0.06%
EWBC	A	-0.06%
TYL	B	-0.06%
ANET	C	-0.06%
NMRK	B	-0.06%
TKO	A	-0.06%
NVRI	F	-0.06%
NUVB	C	-0.06%
IP	A	-0.06%
CBOE	C	-0.06%
VNDA	C	-0.05%
FBK	B	-0.05%
ACT	D	-0.05%
NTNX	B	-0.05%
IT	C	-0.05%
IFF	D	-0.05%
LEN	D	-0.05%
FNF	A	-0.05%
NBHC	B	-0.05%
SRCE	B	-0.05%
HRTG	C	-0.05%
SPB	C	-0.05%
SPOK	B	-0.04%
CNX	A	-0.04%
BALL	D	-0.04%
OLLI	D	-0.04%
TPL	A	-0.04%
TRMK	B	-0.04%
UVSP	B	-0.04%
APPF	C	-0.04%
FULT	B	-0.04%
GABC	B	-0.04%
RYAM	C	-0.04%
NWSA	B	-0.03%
MBWM	B	-0.03%
AIG	C	-0.03%
ITOS	F	-0.03%
MBIN	F	-0.03%
LOPE	B	-0.03%
GPI	B	-0.03%
UBER	F	-0.03%
SB	D	-0.03%
SAFT	B	-0.03%
SCVL	F	-0.03%
OC	A	-0.03%
M	D	-0.03%
REAX	C	-0.03%
TOWN	B	-0.03%
UHAL	D	-0.03%
CMRE	B	-0.03%
INO	F	-0.03%
TGI	A	-0.03%
IMMR	F	-0.03%
PACK	C	-0.03%
FCF	B	-0.03%
GTES	A	-0.02%
WMB	A	-0.02%
DCO	B	-0.02%
INGN	C	-0.02%
ASC	D	-0.02%
DDS	B	-0.02%
BHE	B	-0.02%
PFGC	B	-0.02%
GBX	B	-0.02%
SPNS	F	-0.02%
AA	A	-0.02%
CACI	C	-0.02%
JPM	A	-0.02%
AIOT	A	-0.02%
FNKO	D	-0.02%
KMPR	A	-0.02%
HUBB	B	-0.02%
MSA	D	-0.02%
QCRH	B	-0.02%
FHN	A	-0.02%
SCSC	B	-0.02%
ROST	D	-0.02%
AAON	B	-0.02%
BJ	B	-0.02%
EFSC	B	-0.02%
EXEL	B	-0.0%