IWR vs. CSM ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to ProShares Large Cap Core Plus (CSM)

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

$91.75

Average Daily Volume

1,440,648

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$66.99

Average Daily Volume

7,398

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	IWR	CSM
30 Days	1.88%	0.33%
60 Days	5.27%	3.69%
90 Days	7.98%	5.84%
12 Months	30.38%	31.12%

184 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in CSM	Overlap
	A	F	0.32%	0.29%	0.29%
	ACGL	D	0.3%	0.3%	0.3%
	AES	F	0.08%	0.19%	0.08%
	AIZ	A	0.09%	0.32%	0.09%
	AKAM	F	0.11%	0.19%	0.11%
	ALL	A	0.42%	0.38%	0.38%
	ALLE	D	0.1%	0.11%	0.1%
	AME	A	0.36%	0.38%	0.36%
	AOS	F	0.07%	0.06%	0.06%
	APA	F	0.06%	0.21%	0.06%
	APTV	F	0.12%	0.2%	0.12%
	ARE	F	0.16%	0.03%	0.03%
	AVB	B	0.27%	0.35%	0.27%
	BAX	F	0.14%	0.25%	0.14%
	BBY	D	0.16%	0.26%	0.16%
	BEN	C	0.05%	0.32%	0.05%
	BG	D	0.1%	0.24%	0.1%
	BIIB	F	0.2%	0.14%	0.14%
	BK	B	0.46%	0.13%	0.13%
	BKR	B	0.35%	0.39%	0.35%
	BLDR	D	0.17%	0.16%	0.16%
	BRO	B	0.22%	0.34%	0.22%
	BWA	D	0.06%	0.15%	0.06%
	CAG	F	0.11%	0.1%	0.1%
	CAH	B	0.24%	0.34%	0.24%
	CBOE	C	0.17%	0.28%	0.17%
	CBRE	B	0.34%	0.35%	0.34%
	CCL	A	0.19%	0.38%	0.19%
	CE	F	0.08%	0.16%	0.08%
	CFG	B	0.17%	0.19%	0.17%
	CHD	A	0.21%	0.06%	0.06%
	CLX	A	0.17%	0.06%	0.06%
	CNC	F	0.26%	0.26%	0.26%
	CNP	A	0.16%	0.32%	0.16%
	COR	B	0.33%	0.33%	0.33%
	CPB	D	0.07%	0.09%	0.07%
	CPT	C	0.1%	0.29%	0.1%
	CRL	D	0.09%	0.28%	0.09%
	CSGP	F	0.25%	0.04%	0.04%
	CTSH	C	0.32%	0.35%	0.32%
	CTVA	C	0.33%	0.1%	0.1%
	DAY	B	0.1%	0.09%	0.09%
	DFS	B	0.35%	0.18%	0.18%
	DG	F	0.14%	0.22%	0.14%
	DHI	D	0.41%	0.23%	0.23%
	DLR	A	0.48%	0.07%	0.07%
	DOC	D	0.13%	0.21%	0.13%
	DPZ	C	0.13%	0.05%	0.05%
	DTE	C	0.2%	0.3%	0.2%
	DVN	F	0.2%	0.3%	0.2%
	DXCM	C	0.23%	0.08%	0.08%
	EA	A	0.34%	0.2%	0.2%
	EBAY	D	0.25%	0.07%	0.07%
	EG	D	0.13%	0.25%	0.13%
	EIX	C	0.26%	0.32%	0.26%
	EMN	D	0.1%	0.28%	0.1%
	EPAM	C	0.1%	0.05%	0.05%
	EQR	C	0.23%	0.33%	0.23%
	ETR	A	0.26%	0.37%	0.26%
	EXC	C	0.31%	0.29%	0.29%
	FANG	D	0.28%	0.32%	0.28%
	FAST	B	0.39%	0.04%	0.04%
	FDS	B	0.15%	0.04%	0.04%
	FE	C	0.19%	0.1%	0.1%
	FFIV	B	0.11%	0.34%	0.11%
	FIS	C	0.4%	0.07%	0.07%
	FITB	B	0.26%	0.15%	0.15%
	FMC	D	0.06%	0.03%	0.03%
	FOXA	B	0.08%	0.26%	0.08%
	FRT	B	0.08%	0.3%	0.08%
	FSLR	F	0.17%	0.1%	0.1%
	FTV	D	0.21%	0.07%	0.07%
	GDDY	A	0.2%	0.37%	0.2%
	GEHC	D	0.31%	0.2%	0.2%
	GEN	B	0.13%	0.18%	0.13%
	GL	C	0.08%	0.21%	0.08%
	GPC	F	0.14%	0.14%	0.14%
	GRMN	B	0.27%	0.37%	0.27%
	HAL	C	0.21%	0.23%	0.21%
	HBAN	B	0.2%	0.28%	0.2%
	HES	B	0.32%	0.14%	0.14%
	HIG	B	0.28%	0.33%	0.28%
	HII	F	0.07%	0.24%	0.07%
	HOLX	D	0.15%	0.11%	0.11%
	HPQ	B	0.29%	0.29%	0.29%
	HRL	D	0.07%	0.06%	0.06%
	HST	D	0.1%	0.31%	0.1%
	HWM	A	0.37%	0.39%	0.37%
	IEX	B	0.14%	0.29%	0.14%
	INCY	C	0.11%	0.36%	0.11%
	INVH	D	0.17%	0.28%	0.17%
	IP	A	0.16%	0.06%	0.06%
	IPG	F	0.09%	0.12%	0.09%
	IQV	F	0.32%	0.25%	0.25%
	IR	B	0.34%	0.33%	0.33%
	IVZ	C	0.05%	0.29%	0.05%
	J	D	0.15%	0.04%	0.04%
	JBL	C	0.12%	0.08%	0.08%
	JKHY	D	0.11%	0.12%	0.11%
	KMI	A	0.42%	0.12%	0.12%
	KMX	C	0.1%	0.21%	0.1%
	KR	B	0.32%	0.36%	0.32%
	L	A	0.12%	0.33%	0.12%
	LDOS	C	0.22%	0.37%	0.22%
	LEN	D	0.01%	0.32%	0.01%
	LEN	D	0.33%	0.32%	0.32%
	LKQ	F	0.08%	0.1%	0.08%
	LYB	F	0.18%	0.27%	0.18%
	LYV	A	0.16%	0.35%	0.16%
	MAA	A	0.15%	0.28%	0.15%
	MAS	D	0.14%	0.04%	0.04%
	MGM	D	0.07%	0.18%	0.07%
	MKC	D	0.16%	0.05%	0.05%
	MOH	F	0.15%	0.16%	0.15%
	MSCI	B	0.37%	0.15%	0.15%
	MTB	A	0.28%	0.34%	0.28%
	MTCH	F	0.06%	0.07%	0.06%
	MTD	F	0.22%	0.28%	0.22%
	NCLH	B	0.09%	0.35%	0.09%
	NI	A	0.13%	0.21%	0.13%
	NRG	B	0.16%	0.33%	0.16%
	NTRS	A	0.17%	0.29%	0.17%
	NUE	D	0.31%	0.08%	0.08%
	NWSA	B	0.09%	0.12%	0.09%
	OKE	A	0.51%	0.18%	0.18%
	OMC	C	0.16%	0.23%	0.16%
	ON	F	0.24%	0.12%	0.12%
	OTIS	C	0.33%	0.32%	0.32%
	PARA	D	0.05%	0.19%	0.05%
	PAYC	B	0.09%	0.32%	0.09%
	PAYX	B	0.39%	0.07%	0.07%
	PCG	A	0.36%	0.29%	0.29%
	PFG	C	0.16%	0.11%	0.11%
	PHM	D	0.22%	0.3%	0.22%
	PKG	B	0.17%	0.05%	0.05%
	PNR	B	0.14%	0.33%	0.14%
	PNW	B	0.08%	0.13%	0.08%
	PPG	F	0.24%	0.23%	0.23%
	PRU	B	0.35%	0.29%	0.29%
	PTC	B	0.19%	0.04%	0.04%
	QRVO	F	0.05%	0.19%	0.05%
	RCL	A	0.43%	0.42%	0.42%
	REG	A	0.11%	0.2%	0.11%
	RF	A	0.19%	0.05%	0.05%
	RJF	A	0.24%	0.4%	0.24%
	RL	C	0.07%	0.32%	0.07%
	RMD	C	0.3%	0.2%	0.2%
	ROL	B	0.11%	0.26%	0.11%
	ROST	D	0.38%	0.04%	0.04%
	SJM	D	0.1%	0.18%	0.1%
	SMCI	F	0.1%	0.03%	0.03%
	SNA	B	0.15%	0.39%	0.15%
	SPG	A	0.47%	0.14%	0.14%
	STE	D	0.17%	0.31%	0.17%
	STLD	B	0.18%	0.14%	0.14%
	SWK	F	0.11%	0.25%	0.11%
	SWKS	F	0.12%	0.2%	0.12%
	SYF	B	0.2%	0.39%	0.2%
	SYY	D	0.31%	0.13%	0.13%
	TAP	B	0.08%	0.34%	0.08%
	TDY	B	0.18%	0.13%	0.13%
	TFX	F	0.08%	0.21%	0.08%
	TPR	B	0.1%	0.16%	0.1%
	TRGP	A	0.34%	0.4%	0.34%
	TRMB	B	0.14%	0.05%	0.05%
	TROW	B	0.21%	0.35%	0.21%
	TSN	B	0.14%	0.34%	0.14%
	TXT	D	0.13%	0.26%	0.13%
	UAL	A	0.23%	0.42%	0.23%
	UHS	D	0.1%	0.29%	0.1%
	URI	B	0.47%	0.13%	0.13%
	VICI	C	0.27%	0.33%	0.27%
	VRSN	F	0.13%	0.25%	0.13%
	VTR	B	0.21%	0.31%	0.21%
	VTRS	A	0.12%	0.29%	0.12%
	WAB	B	0.28%	0.26%	0.26%
	WBA	F	0.05%	0.15%	0.05%
	WDC	F	0.18%	0.22%	0.18%
	WRB	B	0.14%	0.08%	0.08%
	WTW	B	0.26%	0.14%	0.14%
	WY	D	0.19%	0.3%	0.19%
	WYNN	D	0.07%	0.04%	0.04%
	XEL	A	0.3%	0.35%	0.3%
	XYL	D	0.24%	0.26%	0.24%

IWR Overweight 618 Positions Relative to CSM

	Symbol	Grade	Weight
	PLTR	A	0.95%
	APP	A	0.62%
	WMB	A	0.56%
	AJG	B	0.52%
	AFL	C	0.49%
	HLT	A	0.49%
	TTD	B	0.45%
	AMP	A	0.45%
	FICO	B	0.45%
	COIN	A	0.43%
	GWW	B	0.42%
	O	C	0.41%
	VST	A	0.4%
	LHX	B	0.4%
	PWR	A	0.39%
	CMI	A	0.39%
	LNG	A	0.38%
	KVUE	A	0.37%
	CCI	C	0.37%
	ODFL	B	0.36%
	VRT	A	0.36%
	PEG	C	0.35%
	AXON	A	0.35%
	SQ	A	0.34%
	FERG	C	0.34%
	MSTR	A	0.34%
	VRSK	B	0.33%
	IT	C	0.33%
	DAL	A	0.32%
	MLM	B	0.31%
	MCHP	F	0.31%
	YUM	D	0.31%
	VMC	B	0.31%
	GIS	F	0.3%
	CHTR	B	0.3%
	DDOG	A	0.3%
	GLW	B	0.3%
	DD	D	0.29%
	IDXX	F	0.29%
	MPWR	F	0.29%
	ED	C	0.28%
	VEEV	C	0.28%
	HUM	D	0.28%
	IRM	C	0.28%
	ALNY	D	0.28%
	EXR	C	0.28%
	EFX	F	0.27%
	HUBS	B	0.26%
	NDAQ	A	0.26%
	DOW	F	0.26%
	TTWO	A	0.25%
	WEC	A	0.25%
	TSCO	D	0.25%
	ARES	A	0.25%
	ROK	B	0.25%
	ANSS	B	0.24%
	CPNG	D	0.23%
	GPN	C	0.23%
	STT	B	0.23%
	HPE	B	0.23%
	KEYS	C	0.23%
	AWK	C	0.22%
	DECK	A	0.22%
	NVR	D	0.22%
	RBLX	B	0.22%
	CDW	F	0.22%
	SW	A	0.22%
	NET	B	0.22%
	DOV	B	0.22%
	NTAP	C	0.21%
	HSY	F	0.21%
	TPL	A	0.21%
	FCNCA	A	0.21%
	VLTO	C	0.21%
	BR	B	0.21%
	CVNA	A	0.21%
	TYL	B	0.21%
	EQT	A	0.2%
	PPL	A	0.2%
	ADM	D	0.2%
	CPAY	A	0.2%
	HUBB	B	0.2%
	EXPE	B	0.19%
	LPLA	A	0.19%
	BAH	D	0.19%
	WST	D	0.19%
	IFF	D	0.19%
	EME	A	0.19%
	AEE	A	0.19%
	SBAC	D	0.19%
	ILMN	C	0.19%
	ATO	A	0.18%
	ZBH	C	0.18%
	WBD	B	0.18%
	WAT	C	0.18%
	CINF	A	0.18%
	LH	B	0.17%
	ZBRA	B	0.17%
	MDB	C	0.17%
	TRU	D	0.17%
	CSL	C	0.17%
	EXE	A	0.17%
	MKL	A	0.17%
	K	B	0.17%
	ZM	B	0.17%
	ES	C	0.17%
	ESS	A	0.16%
	DRI	C	0.16%
	CMS	C	0.16%
	LII	A	0.16%
	COO	D	0.16%
	HOOD	A	0.16%
	UTHR	C	0.15%
	ZS	B	0.15%
	IBKR	A	0.15%
	DKNG	B	0.15%
	CTRA	B	0.15%
	WSO	A	0.15%
	RS	B	0.15%
	ULTA	F	0.15%
	BALL	D	0.15%
	PODD	B	0.15%
	LUV	B	0.15%
	TOST	A	0.14%
	BURL	A	0.14%
	FWONK	B	0.14%
	EXPD	D	0.14%
	NTNX	B	0.14%
	RPM	B	0.14%
	TER	F	0.14%
	MANH	D	0.14%
	XPO	B	0.14%
	PINS	F	0.14%
	KEY	B	0.14%
	DGX	A	0.14%
	LVS	B	0.14%
	SUI	C	0.13%
	DT	C	0.13%
	THC	C	0.13%
	TWLO	A	0.13%
	JBHT	C	0.13%
	ENTG	F	0.13%
	GWRE	A	0.13%
	MRO	A	0.13%
	SSNC	C	0.13%
	TOL	B	0.13%
	DOCU	B	0.13%
	PSTG	F	0.13%
	FIX	A	0.13%
	AVY	D	0.13%
	KIM	A	0.13%
	OC	A	0.13%
	WSM	D	0.13%
	HEI	A	0.13%
	ALGN	D	0.13%
	EQH	B	0.12%
	SAIA	C	0.12%
	COHR	B	0.12%
	UDR	C	0.12%
	AMCR	D	0.12%
	GGG	B	0.12%
	CW	B	0.12%
	RGA	B	0.12%
	LNT	A	0.12%
	NDSN	D	0.12%
	ACM	B	0.12%
	RVTY	D	0.12%
	NTRA	A	0.12%
	FNF	A	0.12%
	CF	A	0.12%
	USFD	A	0.12%
	CASY	A	0.12%
	TW	A	0.12%
	AVTR	F	0.12%
	BXP	D	0.11%
	GLPI	C	0.11%
	PFGC	B	0.11%
	ELS	B	0.11%
	TXRH	B	0.11%
	CLH	C	0.11%
	SOFI	A	0.11%
	RNR	C	0.11%
	POOL	D	0.11%
	EVRG	A	0.11%
	EWBC	A	0.11%
	LECO	C	0.1%
	TECH	F	0.1%
	ALB	B	0.1%
	BJ	B	0.1%
	DUOL	A	0.1%
	OKTA	D	0.1%
	FTI	A	0.1%
	WPC	C	0.1%
	SCI	A	0.1%
	DLTR	F	0.1%
	JEF	A	0.1%
	TTEK	F	0.1%
	AMH	C	0.1%
	CACI	C	0.1%
	ITT	A	0.1%
	NBIX	C	0.1%
	CHRW	B	0.1%
	NVT	C	0.1%
	BMRN	F	0.1%
	JNPR	D	0.1%
	JLL	D	0.1%
	FND	F	0.09%
	DOX	D	0.09%
	CTLT	D	0.09%
	AFRM	A	0.09%
	WWD	B	0.09%
	FHN	A	0.09%
	LBRDK	C	0.09%
	CUBE	C	0.09%
	CCK	D	0.09%
	SRPT	F	0.09%
	EVR	B	0.09%
	GNRC	B	0.09%
	CAVA	C	0.09%
	LAMR	D	0.09%
	UNM	A	0.09%
	AA	A	0.09%
	DKS	D	0.09%
	OVV	C	0.09%
	BWXT	A	0.09%
	CG	B	0.09%
	HEI	A	0.09%
	SF	B	0.09%
	OWL	A	0.09%
	RRX	B	0.09%
	ATR	B	0.09%
	LW	C	0.09%
	BLD	F	0.09%
	Z	A	0.09%
	REXR	F	0.08%
	MORN	B	0.08%
	DCI	B	0.08%
	GME	C	0.08%
	LNW	F	0.08%
	PCTY	B	0.08%
	ROKU	D	0.08%
	EXAS	D	0.08%
	CNH	C	0.08%
	KNX	B	0.08%
	ITCI	B	0.08%
	AAON	B	0.08%
	SNX	D	0.08%
	TKO	A	0.08%
	WMS	F	0.08%
	KBR	F	0.08%
	DTM	A	0.08%
	MUSA	B	0.08%
	WAL	B	0.08%
	GLOB	C	0.08%
	FBIN	F	0.08%
	PR	B	0.08%
	HLI	B	0.08%
	RGLD	C	0.08%
	WBS	A	0.08%
	NLY	C	0.08%
	AFG	A	0.08%
	INGR	B	0.08%
	WTRG	B	0.08%
	WING	D	0.08%
	SOLV	F	0.08%
	KNSL	B	0.08%
	LAD	B	0.08%
	MKTX	D	0.08%
	CHDN	C	0.08%
	AYI	B	0.08%
	EHC	B	0.08%
	OHI	B	0.08%
	ARMK	C	0.08%
	RPRX	F	0.08%
	ALLY	C	0.08%
	PRI	A	0.08%
	CIEN	B	0.08%
	EXP	B	0.08%
	EXEL	B	0.08%
	ALSN	B	0.08%
	SSD	D	0.07%
	G	B	0.07%
	VNO	C	0.07%
	ACI	C	0.07%
	SNV	B	0.07%
	CHRD	F	0.07%
	CFR	B	0.07%
	SKX	F	0.07%
	VOYA	B	0.07%
	HRB	D	0.07%
	CART	C	0.07%
	PLNT	A	0.07%
	CBSH	A	0.07%
	CHE	F	0.07%
	WTFC	B	0.07%
	CNM	C	0.07%
	ZION	B	0.07%
	OLED	F	0.07%
	APG	C	0.07%
	AR	B	0.07%
	FYBR	C	0.07%
	EGP	D	0.07%
	OGE	A	0.07%
	ONTO	F	0.07%
	CR	A	0.07%
	BRX	A	0.07%
	HSIC	C	0.07%
	PEN	B	0.07%
	GPK	D	0.07%
	RIVN	F	0.07%
	CMA	B	0.07%
	AXTA	B	0.07%
	CZR	F	0.07%
	ENPH	F	0.07%
	MOS	D	0.07%
	TTC	F	0.07%
	HAS	D	0.07%
	WCC	B	0.07%
	MTZ	A	0.07%
	AAL	B	0.07%
	NYT	D	0.07%
	RBC	A	0.07%
	GMED	A	0.07%
	ORI	A	0.07%
	TPX	B	0.07%
	X	C	0.07%
	BRBR	A	0.07%
	MEDP	D	0.07%
	PNFP	B	0.07%
	AZEK	B	0.06%
	LSTR	D	0.06%
	H	B	0.06%
	VMI	B	0.06%
	R	B	0.06%
	ELAN	D	0.06%
	MASI	B	0.06%
	SN	D	0.06%
	GNTX	F	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ESTC	C	0.06%
	BIO	C	0.06%
	AGNC	C	0.06%
	DOCS	C	0.06%
	GTLB	B	0.06%
	FCN	F	0.06%
	PB	A	0.06%
	LPX	B	0.06%
	RLI	A	0.06%
	ATI	C	0.06%
	VKTX	F	0.06%
	FRPT	A	0.06%
	WSC	F	0.06%
	VFC	C	0.06%
	OSK	C	0.06%
	RYAN	B	0.06%
	COKE	C	0.06%
	WH	B	0.06%
	CGNX	D	0.06%
	KEX	B	0.06%
	LSCC	D	0.06%
	PCOR	C	0.06%
	ESAB	C	0.06%
	MIDD	D	0.06%
	SMAR	A	0.06%
	ADC	A	0.06%
	WEX	F	0.06%
	DVA	C	0.06%
	S	B	0.06%
	JAZZ	C	0.06%
	MTSI	B	0.06%
	MHK	D	0.06%
	RHI	C	0.06%
	BERY	D	0.06%
	MKSI	C	0.06%
	NNN	C	0.06%
	SAIC	F	0.06%
	RRC	B	0.06%
	RGEN	F	0.06%
	TREX	D	0.06%
	FLS	A	0.06%
	BILL	B	0.06%
	SEIC	B	0.06%
	THO	C	0.05%
	VVV	D	0.05%
	CRUS	F	0.05%
	LITE	B	0.05%
	JHG	B	0.05%
	BC	D	0.05%
	THG	A	0.05%
	AGCO	F	0.05%
	INSP	F	0.05%
	FNB	B	0.05%
	IDA	A	0.05%
	PVH	C	0.05%
	AMG	C	0.05%
	WHR	B	0.05%
	PATH	C	0.05%
	OLLI	D	0.05%
	CROX	F	0.05%
	U	F	0.05%
	STWD	C	0.05%
	IONS	F	0.05%
	VNT	C	0.05%
	CLF	F	0.05%
	ETSY	D	0.05%
	OMF	A	0.05%
	FOUR	A	0.05%
	LFUS	D	0.05%
	MTG	D	0.05%
	BRKR	F	0.05%
	WFRD	F	0.05%
	KD	A	0.05%
	SIRI	D	0.05%
	COLB	B	0.05%
	LAZ	B	0.05%
	ARW	F	0.05%
	ESI	B	0.05%
	MSA	D	0.05%
	DAR	B	0.05%
	ALK	A	0.05%
	LYFT	C	0.05%
	NOV	D	0.05%
	ELF	C	0.05%
	FAF	C	0.05%
	COLD	F	0.05%
	DBX	C	0.05%
	AXS	A	0.05%
	CFLT	B	0.05%
	MAT	D	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	MTDR	C	0.05%
	AWI	B	0.05%
	BFAM	F	0.05%
	BPOP	C	0.05%
	MTN	C	0.05%
	SITE	D	0.05%
	UHAL	D	0.05%
	STAG	D	0.05%
	BBWI	C	0.05%
	HR	C	0.05%
	BSY	D	0.05%
	GFS	C	0.04%
	GAP	D	0.04%
	DLB	F	0.04%
	WLK	F	0.04%
	EEFT	C	0.04%
	SLGN	A	0.04%
	RARE	F	0.04%
	AGO	A	0.04%
	RYN	D	0.04%
	SEE	D	0.04%
	WTM	A	0.04%
	FIVE	F	0.04%
	CUZ	B	0.04%
	HCP	B	0.04%
	KRC	C	0.04%
	OZK	B	0.04%
	AL	B	0.04%
	TKR	F	0.04%
	ST	F	0.04%
	RH	D	0.04%
	UGI	C	0.04%
	SON	F	0.04%
	HXL	F	0.04%
	SLM	B	0.04%
	LOPE	B	0.04%
	ROIV	D	0.04%
	AVT	C	0.04%
	BYD	B	0.04%
	CELH	F	0.04%
	PSN	C	0.04%
	BROS	A	0.04%
	NXST	C	0.04%
	CCCS	B	0.04%
	APPF	C	0.04%
	AM	A	0.04%
	OLN	F	0.04%
	LNC	B	0.04%
	CIVI	D	0.04%
	NFG	A	0.04%
	LEA	F	0.04%
	FOX	A	0.04%
	POST	C	0.04%
	RITM	D	0.04%
	VNOM	A	0.04%
	TPG	A	0.04%
	AMKR	F	0.03%
	AMED	F	0.03%
	PENN	C	0.03%
	BHF	C	0.03%
	RNG	C	0.03%
	APLS	F	0.03%
	ECG	C	0.03%
	YETI	D	0.03%
	LBTYA	F	0.03%
	LBTYK	A	0.03%
	VAC	C	0.03%
	HUN	F	0.03%
	WEN	C	0.03%
	ZG	A	0.03%
	EPR	D	0.03%
	IRDM	F	0.03%
	NCNO	B	0.03%
	FHB	B	0.03%
	NVST	C	0.03%
	PII	F	0.03%
	HIW	D	0.03%
	PRGO	C	0.03%
	TNL	B	0.03%
	XRAY	D	0.03%
	SPR	D	0.03%
	MDU	D	0.03%
	W	D	0.03%
	NWS	A	0.03%
	ACHC	F	0.03%
	DNB	B	0.03%
	ZI	D	0.03%
	NEU	D	0.03%
	NWL	B	0.03%
	PEGA	B	0.03%
	DXC	D	0.03%
	HOG	F	0.03%
	IAC	D	0.03%
	FLO	D	0.03%
	CHH	A	0.03%
	ASH	F	0.03%
	MSM	D	0.03%
	KMPR	A	0.03%
	LINE	F	0.03%
	AMTM	F	0.03%
	OGN	F	0.03%
	AN	D	0.03%
	MSGS	B	0.03%
	GTES	A	0.03%
	M	D	0.03%
	CLVT	D	0.02%
	VSTS	F	0.02%
	KSS	F	0.02%
	CNXC	F	0.02%
	FTRE	D	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	LCID	F	0.02%
	RCM	A	0.02%
	AAP	D	0.02%
	HAYW	B	0.02%
	PPC	B	0.02%
	ADT	B	0.02%
	JWN	C	0.02%
	IPGP	D	0.02%
	CPRI	F	0.02%
	CWEN	C	0.02%
	QDEL	F	0.02%
	AZTA	F	0.02%
	PINC	B	0.02%
	SHC	F	0.02%
	SPB	C	0.02%
	ENOV	C	0.02%
	AGR	A	0.02%
	MP	C	0.02%
	WU	F	0.02%
	BOKF	B	0.02%
	HHH	B	0.02%
	ALGM	F	0.02%
	FIVN	C	0.02%
	SAM	C	0.02%
	COTY	F	0.02%
	CXT	C	0.02%
	VIRT	A	0.02%
	CACC	F	0.02%
	DV	C	0.02%
	COLM	B	0.02%
	LLYVK	A	0.02%
	TDC	D	0.02%
	MPW	F	0.02%
	PAG	B	0.02%
	CC	D	0.02%
	NSA	C	0.02%
	MAN	F	0.02%
	PK	D	0.02%
	SMG	C	0.02%
	UWMC	D	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	CWEN	C	0.01%
	LOAR	B	0.01%
	CNA	C	0.01%
	AS	A	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	WOLF	F	0.01%
	PYCR	C	0.01%
	UI	A	0.01%
	CERT	F	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	CAR	C	0.01%
	LEG	F	0.01%
	INFA	D	0.01%
	TXG	F	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	UA	C	0.01%
	GO	C	0.01%
	FWONA	B	0.01%
	CRI	F	0.01%
	QS	D	0.01%
	UAA	C	0.01%
	BIRK	D	0.01%
	DJT	C	0.01%
	PARAA	C	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	F	0.0%
	PLTK	B	0.0%

IWR Underweight 124 Positions Relative to CSM

	Symbol	Grade	Weight
	NVDA	A	-4.99%
	AAPL	C	-4.66%
	MSFT	D	-4.32%
	AMZN	B	-2.77%
	META	C	-1.6%
	GOOGL	B	-1.27%
	AVGO	C	-1.22%
	GOOG	B	-1.02%
	TSLA	A	-0.97%
	BRK.A	B	-0.96%
	LLY	F	-0.91%
	CRM	B	-0.83%
	JPM	A	-0.69%
	MRK	F	-0.62%
	INTU	B	-0.58%
	GE	D	-0.57%
	TMO	F	-0.55%
	UNH	C	-0.52%
	ADBE	D	-0.52%
	XOM	B	-0.51%
	QCOM	F	-0.5%
	TMUS	B	-0.5%
	BMY	A	-0.49%
	TJX	A	-0.48%
	NFLX	A	-0.46%
	VRTX	D	-0.46%
	MCK	A	-0.45%
	PH	B	-0.45%
	MU	D	-0.44%
	APH	B	-0.44%
	TT	A	-0.43%
	V	A	-0.43%
	ETN	B	-0.42%
	SNPS	C	-0.42%
	WELL	A	-0.42%
	JNJ	D	-0.4%
	CME	A	-0.4%
	GM	B	-0.4%
	PG	C	-0.4%
	UBER	F	-0.39%
	MA	B	-0.38%
	NOC	D	-0.38%
	CI	D	-0.38%
	BDX	F	-0.37%
	MCO	D	-0.36%
	ABBV	F	-0.35%
	APD	A	-0.35%
	CDNS	B	-0.35%
	DUK	C	-0.34%
	RSG	A	-0.34%
	FTNT	B	-0.33%
	TGT	B	-0.33%
	PLD	D	-0.33%
	PEP	F	-0.32%
	COST	A	-0.32%
	KMB	C	-0.32%
	ANET	C	-0.31%
	SLB	C	-0.31%
	HD	A	-0.31%
	FDX	B	-0.29%
	BAC	A	-0.29%
	STX	D	-0.28%
	COF	B	-0.27%
	EQIX	A	-0.26%
	SO	C	-0.26%
	PYPL	B	-0.25%
	INTC	C	-0.25%
	MDT	D	-0.25%
	CSX	C	-0.25%
	MET	A	-0.24%
	WMT	A	-0.24%
	GILD	C	-0.24%
	CMCSA	B	-0.23%
	PGR	B	-0.23%
	MSI	B	-0.23%
	EMR	A	-0.22%
	AMAT	F	-0.21%
	EL	F	-0.21%
	CVS	F	-0.2%
	T	A	-0.2%
	LMT	D	-0.2%
	PANW	B	-0.2%
	CRWD	B	-0.19%
	BX	A	-0.18%
	ADSK	B	-0.17%
	LRCX	F	-0.17%
	ABNB	D	-0.16%
	F	C	-0.15%
	HCA	F	-0.15%
	AMD	F	-0.15%
	ZTS	D	-0.15%
	WFC	A	-0.15%
	NOW	B	-0.14%
	PSA	C	-0.14%
	ORCL	A	-0.13%
	FCX	F	-0.12%
	PFE	F	-0.12%
	ROP	C	-0.12%
	KDP	D	-0.12%
	KO	D	-0.12%
	PSX	C	-0.12%
	TRV	A	-0.11%
	KHC	F	-0.11%
	DIS	B	-0.1%
	ISRG	A	-0.09%
	NEM	D	-0.09%
	CVX	A	-0.09%
	MAR	B	-0.09%
	LULU	C	-0.09%
	VLO	C	-0.08%
	LIN	D	-0.08%
	ABT	A	-0.06%
	VZ	C	-0.05%
	ACN	C	-0.05%
	AMGN	D	-0.04%
	PM	A	-0.04%
	MMC	D	-0.04%
	WM	B	-0.04%
	CSCO	B	-0.04%
	CMG	C	-0.04%
	LOW	C	-0.04%
	DHR	D	-0.03%
	IBM	C	-0.03%
	MCD	D	-0.03%

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

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Semiconductors Diagnostics & Research Medical Instruments & Supplies Utilities - Regulated Electric Asset Management Credit Services Internet Content & Information Packaged Foods Banks - Regional - US Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense Business Services

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Insurance Electronics Electricity Real Estate Investment Trust Bank Aerospace Banking Medicine Mobile Devices Telecommunications Chemical Work From Home Petroleum Industry Transport Disability