IWR vs. CFA ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. 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. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.25

Average Daily Volume

9,545

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	IWR	CFA
30 Days	6.87%	4.63%
60 Days	7.84%	5.67%
90 Days	9.96%	8.16%
12 Months	34.02%	29.52%

315 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in CFA	Overlap
	A	D	0.31%	0.16%	0.16%
	ACGL	D	0.3%	0.2%	0.2%
	ACM	A	0.12%	0.23%	0.12%
	ADM	D	0.21%	0.11%	0.11%
	AEE	A	0.2%	0.26%	0.2%
	AES	F	0.08%	0.1%	0.08%
	AFG	A	0.08%	0.26%	0.08%
	AFL	B	0.51%	0.23%	0.23%
	AJG	B	0.52%	0.25%	0.25%
	AKAM	D	0.11%	0.15%	0.11%
	ALGN	D	0.14%	0.12%	0.12%
	ALL	A	0.43%	0.24%	0.24%
	ALLE	D	0.1%	0.21%	0.1%
	ALLY	C	0.08%	0.12%	0.08%
	AME	A	0.37%	0.25%	0.25%
	AMP	A	0.46%	0.32%	0.32%
	AOS	F	0.07%	0.17%	0.07%
	APP	B	0.63%	0.25%	0.25%
	APTV	D	0.12%	0.09%	0.09%
	ARES	A	0.25%	0.2%	0.2%
	ATO	A	0.18%	0.35%	0.18%
	AVTR	F	0.12%	0.11%	0.11%
	AVY	D	0.13%	0.25%	0.13%
	AWK	D	0.22%	0.22%	0.22%
	AXON	A	0.35%	0.22%	0.22%
	BAH	F	0.16%	0.15%	0.15%
	BBY	D	0.16%	0.12%	0.12%
	BG	F	0.1%	0.17%	0.1%
	BIIB	F	0.19%	0.13%	0.13%
	BK	A	0.48%	0.31%	0.31%
	BKR	B	0.35%	0.23%	0.23%
	BLD	D	0.09%	0.1%	0.09%
	BLDR	D	0.17%	0.1%	0.1%
	BMRN	D	0.1%	0.12%	0.1%
	BR	A	0.22%	0.26%	0.22%
	BRO	B	0.22%	0.26%	0.22%
	BSY	D	0.05%	0.14%	0.05%
	BURL	A	0.14%	0.13%	0.13%
	CAG	D	0.1%	0.19%	0.1%
	CAH	B	0.24%	0.23%	0.23%
	CASY	A	0.12%	0.18%	0.12%
	CBOE	B	0.17%	0.23%	0.17%
	CBRE	B	0.33%	0.19%	0.19%
	CDW	F	0.2%	0.15%	0.15%
	CE	F	0.07%	0.1%	0.07%
	CF	B	0.13%	0.18%	0.13%
	CFG	B	0.17%	0.17%	0.17%
	CHD	B	0.22%	0.32%	0.22%
	CHRW	C	0.11%	0.15%	0.11%
	CHTR	C	0.3%	0.13%	0.13%
	CINF	A	0.19%	0.25%	0.19%
	CLH	B	0.1%	0.19%	0.1%
	CLX	B	0.17%	0.23%	0.17%
	CMI	A	0.41%	0.23%	0.23%
	CMS	C	0.17%	0.27%	0.17%
	CNC	D	0.25%	0.14%	0.14%
	CNP	B	0.16%	0.25%	0.16%
	COIN	C	0.5%	0.11%	0.11%
	COKE	C	0.06%	0.12%	0.06%
	COR	B	0.33%	0.28%	0.28%
	CPAY	A	0.2%	0.21%	0.2%
	CPB	D	0.07%	0.2%	0.07%
	CPNG	D	0.23%	0.14%	0.14%
	CSGP	D	0.24%	0.16%	0.16%
	CSL	C	0.17%	0.19%	0.17%
	CTRA	B	0.16%	0.23%	0.16%
	CTSH	B	0.32%	0.23%	0.23%
	CTVA	C	0.32%	0.15%	0.15%
	CVNA	B	0.21%	0.09%	0.09%
	CW	B	0.11%	0.26%	0.11%
	DAL	C	0.34%	0.22%	0.22%
	DD	D	0.28%	0.17%	0.17%
	DDOG	A	0.31%	0.14%	0.14%
	DECK	A	0.22%	0.13%	0.13%
	DG	F	0.14%	0.09%	0.09%
	DGX	A	0.15%	0.24%	0.15%
	DHI	D	0.39%	0.12%	0.12%
	DKS	C	0.09%	0.1%	0.09%
	DOCU	A	0.13%	0.17%	0.13%
	DOV	A	0.23%	0.25%	0.23%
	DOW	F	0.26%	0.2%	0.2%
	DPZ	C	0.12%	0.17%	0.12%
	DRI	B	0.16%	0.23%	0.16%
	DT	C	0.13%	0.15%	0.13%
	DTE	C	0.2%	0.24%	0.2%
	DVA	B	0.07%	0.18%	0.07%
	DVN	F	0.2%	0.17%	0.17%
	DXCM	D	0.25%	0.08%	0.08%
	EA	A	0.36%	0.29%	0.29%
	EBAY	D	0.26%	0.2%	0.2%
	ED	D	0.28%	0.26%	0.26%
	EFX	F	0.25%	0.13%	0.13%
	EG	C	0.13%	0.19%	0.13%
	EIX	B	0.26%	0.24%	0.24%
	EME	C	0.19%	0.2%	0.19%
	EMN	D	0.1%	0.22%	0.1%
	ENPH	F	0.06%	0.04%	0.04%
	ENTG	D	0.12%	0.1%	0.1%
	EPAM	C	0.11%	0.12%	0.11%
	EQH	B	0.12%	0.23%	0.12%
	EQT	B	0.21%	0.2%	0.2%
	ETR	B	0.26%	0.32%	0.26%
	EVRG	A	0.12%	0.29%	0.12%
	EWBC	A	0.12%	0.21%	0.12%
	EXC	C	0.32%	0.22%	0.22%
	EXPD	D	0.14%	0.22%	0.14%
	EXPE	B	0.19%	0.15%	0.15%
	FANG	D	0.27%	0.17%	0.17%
	FAST	B	0.39%	0.26%	0.26%
	FCNCA	A	0.22%	0.17%	0.17%
	FDS	B	0.15%	0.25%	0.15%
	FE	C	0.2%	0.27%	0.2%
	FFIV	B	0.11%	0.21%	0.11%
	FICO	B	0.44%	0.2%	0.2%
	FIS	C	0.41%	0.22%	0.22%
	FITB	A	0.26%	0.19%	0.19%
	FIX	A	0.13%	0.14%	0.13%
	FND	C	0.09%	0.11%	0.09%
	FNF	B	0.13%	0.2%	0.13%
	FOXA	B	0.09%	0.25%	0.09%
	FSLR	F	0.17%	0.08%	0.08%
	FTV	C	0.22%	0.21%	0.21%
	GDDY	A	0.21%	0.24%	0.21%
	GEHC	F	0.31%	0.15%	0.15%
	GEN	B	0.13%	0.17%	0.13%
	GGG	B	0.12%	0.27%	0.12%
	GIS	D	0.29%	0.21%	0.21%
	GLW	B	0.29%	0.19%	0.19%
	GPC	D	0.14%	0.17%	0.14%
	GPN	B	0.24%	0.17%	0.17%
	GRMN	B	0.27%	0.21%	0.21%
	GWW	B	0.42%	0.27%	0.27%
	H	B	0.06%	0.18%	0.06%
	HAL	C	0.22%	0.18%	0.18%
	HBAN	A	0.21%	0.21%	0.21%
	HEI	B	0.1%	0.24%	0.1%
	HEI	B	0.14%	0.24%	0.14%
	HIG	B	0.28%	0.25%	0.25%
	HII	D	0.06%	0.15%	0.06%
	HLT	A	0.5%	0.29%	0.29%
	HOLX	D	0.15%	0.29%	0.15%
	HOOD	B	0.18%	0.14%	0.14%
	HPE	B	0.23%	0.15%	0.15%
	HPQ	B	0.3%	0.15%	0.15%
	HRL	D	0.07%	0.15%	0.07%
	HSY	F	0.21%	0.19%	0.19%
	HUBB	B	0.19%	0.18%	0.18%
	HUM	C	0.27%	0.1%	0.1%
	HWM	A	0.37%	0.16%	0.16%
	IBKR	A	0.16%	0.28%	0.16%
	IDXX	F	0.29%	0.16%	0.16%
	IEX	B	0.14%	0.27%	0.14%
	INCY	C	0.1%	0.22%	0.1%
	IP	B	0.16%	0.19%	0.16%
	IPG	D	0.08%	0.19%	0.08%
	IQV	D	0.29%	0.12%	0.12%
	IR	B	0.34%	0.2%	0.2%
	IT	C	0.32%	0.21%	0.21%
	ITT	A	0.1%	0.2%	0.1%
	J	F	0.14%	0.23%	0.14%
	JBHT	C	0.12%	0.18%	0.12%
	JBL	B	0.12%	0.13%	0.12%
	JEF	A	0.11%	0.24%	0.11%
	JKHY	D	0.1%	0.25%	0.1%
	JLL	D	0.1%	0.15%	0.1%
	KEY	B	0.15%	0.16%	0.15%
	KEYS	A	0.21%	0.14%	0.14%
	KMI	A	0.44%	0.37%	0.37%
	KMX	B	0.1%	0.12%	0.1%
	KNSL	B	0.08%	0.1%	0.08%
	KR	B	0.32%	0.24%	0.24%
	KVUE	A	0.38%	0.18%	0.18%
	L	A	0.12%	0.33%	0.12%
	LDOS	C	0.18%	0.26%	0.18%
	LEN	D	0.01%	0.14%	0.01%
	LEN	D	0.33%	0.14%	0.14%
	LH	C	0.16%	0.22%	0.16%
	LHX	C	0.38%	0.28%	0.28%
	LII	A	0.16%	0.18%	0.16%
	LNG	B	0.4%	0.3%	0.3%
	LNT	A	0.13%	0.27%	0.13%
	LPLA	A	0.19%	0.21%	0.19%
	LUV	C	0.16%	0.13%	0.13%
	LVS	C	0.14%	0.21%	0.14%
	LYB	F	0.18%	0.22%	0.18%
	LYV	A	0.17%	0.23%	0.17%
	MANH	D	0.14%	0.15%	0.14%
	MAS	D	0.14%	0.17%	0.14%
	MCHP	D	0.27%	0.1%	0.1%
	MGM	D	0.07%	0.14%	0.07%
	MKC	D	0.15%	0.18%	0.15%
	MKL	A	0.18%	0.25%	0.18%
	MLM	B	0.29%	0.22%	0.22%
	MOH	F	0.14%	0.13%	0.13%
	MORN	B	0.07%	0.23%	0.07%
	MPWR	F	0.22%	0.06%	0.06%
	MSCI	C	0.38%	0.16%	0.16%
	MTB	A	0.29%	0.22%	0.22%
	MTD	D	0.21%	0.11%	0.11%
	NBIX	C	0.1%	0.12%	0.1%
	NDAQ	A	0.27%	0.26%	0.26%
	NDSN	B	0.12%	0.21%	0.12%
	NI	A	0.14%	0.32%	0.14%
	NRG	B	0.16%	0.15%	0.15%
	NTAP	C	0.2%	0.14%	0.14%
	NTRS	A	0.18%	0.24%	0.18%
	NUE	C	0.29%	0.17%	0.17%
	NVR	D	0.21%	0.19%	0.19%
	NWSA	B	0.09%	0.22%	0.09%
	OC	A	0.14%	0.18%	0.14%
	ODFL	B	0.35%	0.17%	0.17%
	OKE	A	0.53%	0.32%	0.32%
	OMC	C	0.15%	0.22%	0.15%
	ON	D	0.23%	0.08%	0.08%
	OTIS	C	0.33%	0.28%	0.28%
	OVV	B	0.1%	0.18%	0.1%
	OWL	A	0.09%	0.2%	0.09%
	PAG	B	0.02%	0.17%	0.02%
	PAYX	C	0.38%	0.27%	0.27%
	PCG	A	0.37%	0.27%	0.27%
	PEG	A	0.37%	0.3%	0.3%
	PFG	D	0.16%	0.26%	0.16%
	PFGC	B	0.11%	0.21%	0.11%
	PHM	D	0.22%	0.15%	0.15%
	PINS	D	0.14%	0.1%	0.1%
	PKG	A	0.17%	0.29%	0.17%
	PLTR	B	1.09%	0.15%	0.15%
	PODD	C	0.15%	0.15%	0.15%
	POOL	C	0.11%	0.15%	0.11%
	PPG	F	0.24%	0.26%	0.24%
	PPL	B	0.21%	0.31%	0.21%
	PR	B	0.08%	0.17%	0.08%
	PRU	A	0.38%	0.22%	0.22%
	PSTG	D	0.12%	0.09%	0.09%
	PTC	A	0.19%	0.24%	0.19%
	PWR	A	0.39%	0.17%	0.17%
	RCL	A	0.45%	0.19%	0.19%
	RF	A	0.2%	0.2%	0.2%
	RGA	A	0.13%	0.22%	0.13%
	RJF	A	0.25%	0.3%	0.25%
	RKT	F	0.02%	0.06%	0.02%
	RMD	C	0.28%	0.11%	0.11%
	RNR	C	0.11%	0.22%	0.11%
	ROK	B	0.27%	0.14%	0.14%
	ROL	B	0.12%	0.22%	0.12%
	ROST	C	0.38%	0.22%	0.22%
	RPM	A	0.14%	0.26%	0.14%
	RS	B	0.15%	0.19%	0.15%
	RVTY	F	0.11%	0.14%	0.11%
	RYAN	B	0.06%	0.18%	0.06%
	SCI	B	0.1%	0.25%	0.1%
	SJM	D	0.09%	0.2%	0.09%
	SMCI	F	0.08%	0.02%	0.02%
	SNA	A	0.15%	0.26%	0.15%
	SOLV	C	0.08%	0.13%	0.08%
	SQ	B	0.39%	0.13%	0.13%
	SRPT	D	0.08%	0.07%	0.07%
	SSNC	B	0.13%	0.25%	0.13%
	STE	F	0.18%	0.2%	0.18%
	STLD	B	0.17%	0.2%	0.17%
	STT	A	0.24%	0.24%	0.24%
	SWKS	F	0.11%	0.1%	0.1%
	SYF	B	0.21%	0.2%	0.2%
	SYY	B	0.31%	0.23%	0.23%
	TAP	C	0.09%	0.23%	0.09%
	TDY	B	0.18%	0.22%	0.18%
	TECH	D	0.09%	0.11%	0.09%
	TER	D	0.13%	0.08%	0.08%
	TFX	F	0.08%	0.14%	0.08%
	THC	D	0.12%	0.13%	0.12%
	TOL	B	0.13%	0.13%	0.13%
	TPL	A	0.21%	0.19%	0.19%
	TRGP	B	0.35%	0.32%	0.32%
	TRMB	B	0.14%	0.23%	0.14%
	TROW	B	0.21%	0.22%	0.21%
	TSCO	D	0.24%	0.2%	0.2%
	TTD	B	0.43%	0.12%	0.12%
	TTEK	F	0.09%	0.17%	0.09%
	TW	A	0.12%	0.24%	0.12%
	TXRH	C	0.11%	0.23%	0.11%
	TXT	D	0.13%	0.19%	0.13%
	TYL	B	0.21%	0.2%	0.2%
	UAL	A	0.25%	0.22%	0.22%
	UHAL	D	0.0%	0.14%	0.0%
	UHAL	D	0.05%	0.14%	0.05%
	UHS	D	0.1%	0.15%	0.1%
	ULTA	F	0.14%	0.14%	0.14%
	URI	B	0.46%	0.14%	0.14%
	USFD	A	0.12%	0.22%	0.12%
	UTHR	C	0.13%	0.16%	0.13%
	VEEV	C	0.26%	0.16%	0.16%
	VLTO	D	0.21%	0.2%	0.2%
	VMC	B	0.3%	0.23%	0.23%
	VRSK	A	0.33%	0.24%	0.24%
	VRSN	F	0.13%	0.25%	0.13%
	VRT	B	0.36%	0.13%	0.13%
	VST	B	0.4%	0.16%	0.16%
	WAB	B	0.28%	0.26%	0.26%
	WAT	B	0.17%	0.16%	0.16%
	WEC	A	0.26%	0.26%	0.26%
	WING	D	0.08%	0.11%	0.08%
	WLK	D	0.03%	0.15%	0.03%
	WMB	A	0.57%	0.33%	0.33%
	WMS	D	0.08%	0.11%	0.08%
	WRB	A	0.15%	0.22%	0.15%
	WSM	B	0.14%	0.1%	0.1%
	WSO	A	0.15%	0.19%	0.15%
	WST	C	0.19%	0.13%	0.13%
	XEL	A	0.32%	0.23%	0.23%
	XPO	B	0.14%	0.14%	0.14%
	XYL	D	0.24%	0.21%	0.21%
	YUM	B	0.31%	0.29%	0.29%
	ZBH	C	0.19%	0.24%	0.19%
	ZBRA	B	0.16%	0.15%	0.15%
	ZM	B	0.18%	0.17%	0.17%

IWR Overweight 488 Positions Relative to CFA

	Symbol	Grade	Weight
	DLR	B	0.48%
	SPG	B	0.48%
	MSTR	C	0.44%
	O	D	0.41%
	CCI	D	0.37%
	DFS	B	0.36%
	FERG	B	0.33%
	HES	B	0.33%
	IRM	D	0.28%
	EXR	D	0.28%
	AVB	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	WTW	B	0.26%
	TTWO	A	0.25%
	ANSS	B	0.24%
	ALNY	D	0.24%
	EQR	B	0.23%
	SW	A	0.22%
	NET	B	0.22%
	VTR	C	0.21%
	RBLX	C	0.21%
	SBAC	D	0.2%
	CCL	B	0.2%
	WY	D	0.19%
	ILMN	D	0.18%
	EXE	B	0.18%
	ES	D	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	WDC	D	0.17%
	INVH	D	0.17%
	K	A	0.17%
	ESS	B	0.16%
	COO	D	0.16%
	MDB	C	0.16%
	DKNG	B	0.15%
	TOST	B	0.15%
	TSN	B	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	ZS	C	0.15%
	TRU	D	0.15%
	BALL	D	0.15%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	PNR	A	0.14%
	VTRS	A	0.13%
	SUI	D	0.13%
	GWRE	A	0.13%
	MRO	B	0.13%
	BAX	D	0.13%
	SOFI	A	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	GLPI	C	0.11%
	DLTR	F	0.11%
	AFRM	B	0.11%
	ELS	C	0.11%
	SWK	D	0.11%
	TPR	B	0.11%
	REG	B	0.11%
	SAIA	B	0.11%
	BJ	A	0.1%
	BWXT	B	0.1%
	Z	A	0.1%
	UNM	A	0.1%
	OKTA	C	0.1%
	JNPR	F	0.1%
	NVT	B	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	D	0.1%
	ALB	C	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	COHR	B	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	CACI	D	0.09%
	PNW	B	0.09%
	CCK	C	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	CUBE	D	0.09%
	LW	C	0.09%
	LAMR	D	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	AA	B	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	LECO	B	0.09%
	AIZ	A	0.09%
	SF	B	0.09%
	FBIN	D	0.08%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	INGR	B	0.08%
	ORI	A	0.08%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	B	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CRL	C	0.08%
	CNH	C	0.08%
	DOX	D	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	GL	B	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	B	0.08%
	LBRDK	C	0.08%
	ARMK	B	0.08%
	EHC	B	0.08%
	MUSA	A	0.08%
	DTM	B	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	EXP	A	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	HRB	D	0.07%
	RL	B	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	LNW	D	0.07%
	NYT	C	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	CMA	A	0.07%
	BRX	A	0.07%
	SNX	C	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	HSIC	B	0.07%
	AR	B	0.07%
	AXTA	A	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	REXR	F	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	AXS	A	0.06%
	MTDR	B	0.06%
	VMI	B	0.06%
	FMC	D	0.06%
	DAR	C	0.06%
	ALK	C	0.06%
	CGNX	C	0.06%
	FCN	D	0.06%
	BPOP	B	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	ESAB	B	0.06%
	MKSI	C	0.06%
	AGNC	D	0.06%
	GTLB	B	0.06%
	BBWI	D	0.06%
	OSK	B	0.06%
	VNO	B	0.06%
	S	B	0.06%
	LPX	B	0.06%
	MIDD	C	0.06%
	CART	C	0.06%
	RLI	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	PB	A	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	C	0.06%
	SMAR	A	0.06%
	RHI	B	0.06%
	JAZZ	B	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	NNN	D	0.06%
	BERY	B	0.06%
	ONTO	D	0.06%
	FLS	B	0.06%
	KBR	F	0.06%
	BWA	D	0.06%
	G	B	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	PVH	C	0.05%
	FOX	A	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	CROX	D	0.05%
	AGCO	D	0.05%
	THG	A	0.05%
	VNT	B	0.05%
	AMG	B	0.05%
	LFUS	F	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	ARW	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	D	0.05%
	SITE	D	0.05%
	OMF	A	0.05%
	ESI	A	0.05%
	SIRI	C	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	MTG	C	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	A	0.05%
	LSTR	D	0.05%
	ELF	C	0.05%
	DBX	B	0.05%
	FAF	A	0.05%
	STAG	F	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	C	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	C	0.04%
	KMPR	B	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	RH	B	0.04%
	AGO	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	TKR	D	0.04%
	SON	D	0.04%
	BYD	C	0.04%
	NXST	C	0.04%
	INSP	D	0.04%
	UGI	A	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	POST	C	0.04%
	SLM	A	0.04%
	LNC	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	D	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	CRUS	D	0.04%
	BC	C	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	SMG	D	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	C	0.03%
	NCNO	B	0.03%
	IRDM	D	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	PII	D	0.03%
	ACHC	F	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	NVST	B	0.03%
	SPR	D	0.03%
	W	F	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	D	0.03%
	PEGA	A	0.03%
	OGN	D	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	FLO	D	0.03%
	RARE	D	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	AN	C	0.03%
	DLB	B	0.03%
	VSTS	C	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	B	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	WU	D	0.02%
	CXT	B	0.02%
	APLS	D	0.02%
	COTY	F	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	COLM	B	0.02%
	VIRT	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	RNG	B	0.02%
	SNRE	D	0.02%
	NSA	D	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	A	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	F	0.01%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	NFE	D	0.0%

IWR Underweight 183 Positions Relative to CFA

	Symbol	Grade	Weight
	TMUS	B	-0.42%
	ADP	B	-0.35%
	V	A	-0.35%
	BRK.A	B	-0.35%
	RSG	A	-0.34%
	FI	A	-0.34%
	ITW	B	-0.33%
	KO	D	-0.33%
	HON	B	-0.33%
	MA	C	-0.32%
	PM	B	-0.31%
	PG	A	-0.31%
	MSI	B	-0.31%
	LIN	D	-0.3%
	DUK	C	-0.3%
	SRE	A	-0.3%
	LMT	D	-0.3%
	ICE	C	-0.3%
	BSX	B	-0.3%
	MMC	B	-0.3%
	GD	F	-0.29%
	SPGI	C	-0.29%
	CSCO	B	-0.29%
	BLK	C	-0.29%
	WMT	A	-0.29%
	CL	D	-0.29%
	JNJ	D	-0.28%
	SO	D	-0.28%
	T	A	-0.28%
	CB	C	-0.28%
	CSX	B	-0.28%
	CME	A	-0.28%
	CPRT	A	-0.27%
	ABT	B	-0.27%
	MO	A	-0.27%
	TJX	A	-0.27%
	WM	A	-0.27%
	CVX	A	-0.27%
	MAR	B	-0.27%
	ORLY	B	-0.26%
	ROP	B	-0.26%
	XOM	B	-0.26%
	RTX	C	-0.26%
	MS	A	-0.26%
	MCD	D	-0.26%
	MET	A	-0.26%
	CTAS	B	-0.26%
	JPM	A	-0.26%
	SYK	C	-0.26%
	UNP	C	-0.25%
	HD	A	-0.25%
	TRV	B	-0.25%
	PEP	F	-0.25%
	MDT	D	-0.25%
	BAC	A	-0.24%
	COST	B	-0.24%
	KDP	D	-0.24%
	CMCSA	B	-0.24%
	WFC	A	-0.24%
	BDX	F	-0.24%
	MCK	B	-0.24%
	COP	C	-0.24%
	STZ	D	-0.24%
	MDLZ	F	-0.24%
	MSFT	F	-0.24%
	GS	A	-0.24%
	EMR	A	-0.23%
	MCO	B	-0.23%
	AXP	A	-0.23%
	SHW	A	-0.23%
	ECL	D	-0.23%
	VZ	C	-0.23%
	TT	A	-0.23%
	PGR	A	-0.23%
	AON	A	-0.23%
	COF	B	-0.23%
	KMB	D	-0.23%
	EOG	A	-0.23%
	AIG	B	-0.23%
	AEP	D	-0.23%
	NOC	D	-0.23%
	MNST	C	-0.23%
	DIS	B	-0.22%
	SCHW	B	-0.22%
	CI	F	-0.22%
	LOW	D	-0.22%
	PCAR	B	-0.22%
	BKNG	A	-0.22%
	APO	B	-0.22%
	AZO	C	-0.22%
	D	C	-0.21%
	GILD	C	-0.21%
	C	A	-0.21%
	IBM	C	-0.21%
	JCI	C	-0.21%
	DE	A	-0.21%
	PNC	B	-0.21%
	AMZN	C	-0.2%
	APH	A	-0.2%
	AAPL	C	-0.2%
	TDG	D	-0.2%
	ADSK	A	-0.2%
	BX	A	-0.2%
	CAT	B	-0.2%
	ORCL	B	-0.2%
	KHC	F	-0.2%
	PH	A	-0.2%
	ABBV	D	-0.2%
	OXY	D	-0.2%
	ACN	C	-0.2%
	GOOGL	C	-0.19%
	TMO	F	-0.19%
	GM	B	-0.19%
	ISRG	A	-0.19%
	APD	A	-0.19%
	WMG	C	-0.19%
	UNH	C	-0.19%
	USB	A	-0.19%
	NFLX	A	-0.19%
	ETN	A	-0.19%
	REGN	F	-0.18%
	UPS	C	-0.18%
	MRK	F	-0.18%
	PSX	C	-0.18%
	DHR	F	-0.18%
	SLB	C	-0.18%
	KKR	A	-0.18%
	NSC	B	-0.18%
	INTU	C	-0.18%
	GE	D	-0.17%
	CRM	B	-0.17%
	NEE	D	-0.17%
	CRBG	B	-0.17%
	ZTS	D	-0.17%
	CMG	B	-0.17%
	HCA	F	-0.17%
	TXN	C	-0.17%
	ELV	F	-0.17%
	PYPL	B	-0.16%
	ABNB	C	-0.16%
	VLO	C	-0.16%
	CDNS	B	-0.16%
	CARR	D	-0.16%
	GEV	B	-0.15%
	STX	D	-0.15%
	MPC	D	-0.15%
	TGT	F	-0.15%
	FDX	B	-0.15%
	ERIE	D	-0.15%
	AMGN	D	-0.15%
	NOW	A	-0.15%
	FTNT	C	-0.14%
	SNPS	B	-0.14%
	WDAY	B	-0.14%
	CVS	D	-0.14%
	META	D	-0.13%
	ADI	D	-0.13%
	TSLA	B	-0.13%
	FCX	D	-0.13%
	UBER	D	-0.12%
	NKE	D	-0.12%
	LLY	F	-0.12%
	CEG	D	-0.12%
	SBUX	A	-0.12%
	CRWD	B	-0.12%
	F	C	-0.12%
	ANET	C	-0.12%
	MMM	D	-0.12%
	PANW	C	-0.11%
	QCOM	F	-0.11%
	NXPI	D	-0.11%
	ADBE	C	-0.11%
	LRCX	F	-0.1%
	AMAT	F	-0.1%
	NVDA	C	-0.1%
	INTC	D	-0.1%
	EW	C	-0.1%
	AVGO	D	-0.1%
	EL	F	-0.09%
	KLAC	D	-0.09%
	DELL	C	-0.09%
	AMD	F	-0.09%
	CHWY	B	-0.08%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Nasdaq 100 Real Estate Investment Trust Electronics Banking Aerospace Bank Chemical Electricity Telecommunications Mining Medicine Insurance Products Semiconductor Biotechnology Beverage Cloud Computing

CFA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Aerospace & Defense Banks - Regional - US Oil & Gas E&P Medical Devices Restaurants Software - Infrastructure Specialty Chemicals Biotechnology Drug Manufacturers - Major Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Dow Jones Component Electricity Electronics Aerospace Medicine Bank Chemical Semiconductor Banking Insurance Products Telecommunications Cloud Computing IBD 50 Investment Bank Mining