IWR vs. DIVB ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares U.S. Dividend and Buyback ETF (DIVB)

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

$91.73

Average Daily Volume

1,440,648

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$49.35

Average Daily Volume

83,314

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	IWR	DIVB
30 Days	1.88%	-0.78%
60 Days	5.27%	3.24%
90 Days	7.98%	6.04%
12 Months	30.38%	32.45%

266 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in DIVB	Overlap
	AAP	D	0.02%	0.02%	0.02%
	ACI	C	0.07%	0.02%	0.02%
	ADT	B	0.02%	0.01%	0.01%
	AEE	A	0.2%	0.04%	0.04%
	AES	F	0.08%	0.04%	0.04%
	AFG	A	0.08%	0.03%	0.03%
	AFL	C	0.51%	0.38%	0.38%
	AGNC	C	0.06%	0.0%	0.0%
	AGO	A	0.04%	0.05%	0.04%
	AGR	A	0.02%	0.01%	0.01%
	AIZ	A	0.09%	0.04%	0.04%
	ALL	A	0.43%	0.19%	0.19%
	ALLY	C	0.08%	0.07%	0.07%
	AM	A	0.04%	0.03%	0.03%
	AMCR	D	0.12%	0.1%	0.1%
	AMH	C	0.1%	0.01%	0.01%
	AMP	A	0.46%	0.37%	0.37%
	AOS	F	0.07%	0.05%	0.05%
	APA	F	0.07%	0.08%	0.07%
	ARES	A	0.25%	0.06%	0.06%
	ASH	F	0.03%	0.03%	0.03%
	AVB	B	0.27%	0.07%	0.07%
	AVT	C	0.04%	0.17%	0.04%
	AWK	C	0.22%	0.05%	0.05%
	AXS	A	0.06%	0.02%	0.02%
	BAX	F	0.13%	0.05%	0.05%
	BBY	D	0.16%	0.11%	0.11%
	BC	D	0.04%	0.05%	0.04%
	BEN	C	0.05%	0.05%	0.05%
	BERY	D	0.06%	0.05%	0.05%
	BG	D	0.1%	0.08%	0.08%
	BK	B	0.48%	0.4%	0.4%
	BKR	B	0.35%	0.15%	0.15%
	BOKF	B	0.02%	0.02%	0.02%
	BPOP	C	0.06%	0.03%	0.03%
	BRX	A	0.07%	0.03%	0.03%
	BXP	D	0.1%	0.07%	0.07%
	BYD	B	0.04%	0.05%	0.04%
	CAG	F	0.1%	0.06%	0.06%
	CAH	B	0.24%	0.2%	0.2%
	CBSH	A	0.07%	0.03%	0.03%
	CC	D	0.02%	0.03%	0.02%
	CCI	C	0.37%	0.24%	0.24%
	CF	A	0.13%	0.15%	0.13%
	CFG	B	0.17%	0.19%	0.17%
	CFR	B	0.07%	0.04%	0.04%
	CG	B	0.09%	0.07%	0.07%
	CHH	A	0.03%	0.04%	0.03%
	CHRD	F	0.07%	0.07%	0.07%
	CHRW	B	0.11%	0.09%	0.09%
	CINF	A	0.19%	0.08%	0.08%
	CIVI	D	0.04%	0.04%	0.04%
	CLX	A	0.17%	0.06%	0.06%
	CMA	B	0.07%	0.05%	0.05%
	CMI	A	0.41%	0.12%	0.12%
	CMS	C	0.17%	0.03%	0.03%
	CNH	C	0.08%	0.1%	0.08%
	CNP	A	0.16%	0.06%	0.06%
	CNXC	F	0.01%	0.04%	0.01%
	COLB	B	0.05%	0.04%	0.04%
	COLD	F	0.05%	0.02%	0.02%
	CPB	D	0.07%	0.03%	0.03%
	CPT	C	0.1%	0.05%	0.05%
	CTRA	B	0.16%	0.12%	0.12%
	CTSH	C	0.32%	0.89%	0.32%
	CUBE	C	0.09%	0.04%	0.04%
	CUZ	B	0.04%	0.02%	0.02%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.02%	0.01%	0.01%
	CWEN	C	0.02%	0.01%	0.01%
	DFS	B	0.36%	0.3%	0.3%
	DG	F	0.14%	0.13%	0.13%
	DGX	A	0.15%	0.08%	0.08%
	DKS	D	0.09%	0.07%	0.07%
	DLB	F	0.03%	0.03%	0.03%
	DNB	B	0.03%	0.01%	0.01%
	DOC	D	0.12%	0.08%	0.08%
	DOW	F	0.26%	0.25%	0.25%
	DRI	C	0.16%	0.11%	0.11%
	DTE	C	0.2%	0.02%	0.02%
	DTM	A	0.08%	0.03%	0.03%
	DVN	F	0.2%	0.16%	0.16%
	EBAY	D	0.26%	0.23%	0.23%
	ED	C	0.28%	0.15%	0.15%
	EIX	C	0.26%	0.12%	0.12%
	ELS	B	0.11%	0.03%	0.03%
	EMN	D	0.1%	0.07%	0.07%
	EPR	D	0.03%	0.02%	0.02%
	EQH	B	0.12%	0.02%	0.02%
	EQR	C	0.23%	0.09%	0.09%
	ES	C	0.18%	0.08%	0.08%
	ESS	A	0.16%	0.07%	0.07%
	ETR	A	0.26%	0.05%	0.05%
	EVR	B	0.09%	0.07%	0.07%
	EVRG	A	0.12%	0.06%	0.06%
	EWBC	A	0.12%	0.06%	0.06%
	EXC	C	0.32%	0.15%	0.15%
	EXE	A	0.18%	0.06%	0.06%
	EXPD	D	0.14%	0.16%	0.14%
	EXR	C	0.28%	0.11%	0.11%
	FAF	C	0.05%	0.04%	0.04%
	FANG	D	0.27%	0.23%	0.23%
	FAST	B	0.39%	0.12%	0.12%
	FE	C	0.2%	0.08%	0.08%
	FHB	B	0.03%	0.02%	0.02%
	FHN	A	0.09%	0.07%	0.07%
	FIS	C	0.41%	1.88%	0.41%
	FITB	B	0.26%	0.14%	0.14%
	FLO	D	0.03%	0.02%	0.02%
	FMC	D	0.06%	0.03%	0.03%
	FNB	B	0.05%	0.02%	0.02%
	FNF	A	0.13%	0.06%	0.06%
	FR	C	0.06%	0.02%	0.02%
	FRT	B	0.08%	0.02%	0.02%
	G	B	0.06%	0.16%	0.06%
	GAP	D	0.04%	0.02%	0.02%
	GEN	B	0.13%	0.56%	0.13%
	GIS	F	0.29%	0.27%	0.27%
	GLPI	C	0.11%	0.03%	0.03%
	GLW	B	0.29%	0.53%	0.29%
	GPC	F	0.14%	0.07%	0.07%
	GPN	C	0.24%	0.19%	0.19%
	HAS	D	0.07%	0.04%	0.04%
	HBAN	B	0.21%	0.12%	0.12%
	HIG	B	0.28%	0.21%	0.21%
	HII	F	0.06%	0.02%	0.02%
	HOG	F	0.03%	0.04%	0.03%
	HPE	B	0.23%	0.74%	0.23%
	HPQ	B	0.3%	1.24%	0.3%
	HR	C	0.05%	0.06%	0.05%
	HRB	D	0.07%	0.06%	0.06%
	HRL	D	0.07%	0.03%	0.03%
	HST	D	0.1%	0.07%	0.07%
	HSY	F	0.21%	0.11%	0.11%
	IDA	A	0.05%	0.02%	0.02%
	IFF	D	0.18%	0.05%	0.05%
	INGR	B	0.08%	0.03%	0.03%
	INVH	D	0.17%	0.06%	0.06%
	IP	A	0.16%	0.12%	0.12%
	IPG	F	0.08%	0.11%	0.08%
	IRDM	F	0.03%	0.04%	0.03%
	IRM	C	0.28%	0.08%	0.08%
	IVZ	C	0.05%	0.04%	0.04%
	JEF	A	0.11%	0.04%	0.04%
	JHG	B	0.05%	0.04%	0.04%
	JNPR	D	0.1%	0.26%	0.1%
	JWN	C	0.02%	0.01%	0.01%
	K	B	0.17%	0.06%	0.06%
	KEY	B	0.15%	0.1%	0.1%
	KIM	A	0.14%	0.07%	0.07%
	KMI	A	0.44%	0.25%	0.25%
	KMPR	A	0.04%	0.01%	0.01%
	KR	B	0.32%	0.1%	0.1%
	KRC	C	0.04%	0.03%	0.03%
	LAMR	D	0.09%	0.05%	0.05%
	LEA	F	0.04%	0.04%	0.04%
	LH	B	0.16%	0.13%	0.13%
	LHX	B	0.38%	0.16%	0.16%
	LKQ	F	0.08%	0.07%	0.07%
	LNT	A	0.13%	0.04%	0.04%
	LPX	B	0.06%	0.03%	0.03%
	LUV	B	0.16%	0.05%	0.05%
	LYB	F	0.18%	0.14%	0.14%
	M	D	0.04%	0.02%	0.02%
	MAA	A	0.15%	0.07%	0.07%
	MAN	F	0.02%	0.03%	0.02%
	MAS	D	0.14%	0.06%	0.06%
	MCHP	F	0.27%	0.8%	0.27%
	MDU	D	0.03%	0.01%	0.01%
	MKC	D	0.15%	0.04%	0.04%
	MRO	A	0.13%	0.14%	0.13%
	MSM	D	0.03%	0.04%	0.03%
	MTB	A	0.29%	0.24%	0.24%
	MTG	D	0.05%	0.05%	0.05%
	NEU	D	0.03%	0.01%	0.01%
	NFG	A	0.05%	0.02%	0.02%
	NI	A	0.14%	0.04%	0.04%
	NNN	C	0.06%	0.02%	0.02%
	NRG	B	0.16%	0.13%	0.13%
	NTAP	C	0.2%	0.73%	0.2%
	NTRS	A	0.18%	0.13%	0.13%
	NUE	D	0.29%	0.28%	0.28%
	NWL	B	0.03%	0.01%	0.01%
	OGE	A	0.07%	0.04%	0.04%
	OGN	F	0.03%	0.02%	0.02%
	OHI	B	0.08%	0.04%	0.04%
	OKE	A	0.53%	0.21%	0.21%
	OMC	C	0.15%	0.16%	0.15%
	OMF	A	0.05%	0.07%	0.05%
	ORI	A	0.08%	0.1%	0.08%
	OVV	C	0.1%	0.09%	0.09%
	OWL	A	0.09%	0.05%	0.05%
	OZK	B	0.04%	0.04%	0.04%
	PAG	B	0.02%	0.03%	0.02%
	PAYX	B	0.38%	0.14%	0.14%
	PB	A	0.06%	0.03%	0.03%
	PEG	C	0.37%	0.13%	0.13%
	PFG	C	0.16%	0.17%	0.16%
	PII	F	0.03%	0.04%	0.03%
	PKG	B	0.17%	0.09%	0.09%
	PNW	B	0.09%	0.04%	0.04%
	PPG	F	0.24%	0.08%	0.08%
	PPL	A	0.21%	0.08%	0.08%
	PR	B	0.08%	0.05%	0.05%
	PRGO	C	0.03%	0.02%	0.02%
	PRU	B	0.38%	0.35%	0.35%
	R	B	0.06%	0.06%	0.06%
	REG	A	0.11%	0.06%	0.06%
	REYN	D	0.01%	0.0%	0.0%
	RF	A	0.2%	0.14%	0.14%
	RHI	C	0.06%	0.06%	0.06%
	RITM	D	0.05%	0.04%	0.04%
	RL	C	0.07%	0.07%	0.07%
	ROK	B	0.27%	0.11%	0.11%
	RPRX	F	0.08%	0.05%	0.05%
	RYN	D	0.04%	0.01%	0.01%
	SCI	A	0.1%	0.07%	0.07%
	SEE	D	0.04%	0.01%	0.01%
	SF	B	0.09%	0.07%	0.07%
	SIRI	D	0.05%	0.02%	0.02%
	SJM	D	0.09%	0.08%	0.08%
	SMG	C	0.03%	0.01%	0.01%
	SNA	B	0.15%	0.08%	0.08%
	SNV	B	0.07%	0.04%	0.04%
	SON	F	0.04%	0.02%	0.02%
	SPG	A	0.48%	0.3%	0.3%
	STAG	D	0.05%	0.02%	0.02%
	STLD	B	0.17%	0.21%	0.17%
	STWD	C	0.05%	0.06%	0.05%
	SW	A	0.22%	0.12%	0.12%
	SWK	F	0.11%	0.05%	0.05%
	SWKS	F	0.11%	0.29%	0.11%
	SYY	D	0.31%	0.19%	0.19%
	TAP	B	0.09%	0.07%	0.07%
	TFSL	A	0.01%	0.01%	0.01%
	THG	A	0.05%	0.02%	0.02%
	THO	C	0.05%	0.02%	0.02%
	TPR	B	0.11%	0.1%	0.1%
	TRGP	A	0.35%	0.11%	0.11%
	TROW	B	0.21%	0.18%	0.18%
	TSN	B	0.15%	0.08%	0.08%
	UDR	C	0.12%	0.02%	0.02%
	UGI	C	0.04%	0.03%	0.03%
	UNM	A	0.1%	0.07%	0.07%
	VFC	C	0.06%	0.02%	0.02%
	VICI	C	0.27%	0.05%	0.05%
	VOYA	B	0.07%	0.06%	0.06%
	VTR	B	0.21%	0.04%	0.04%
	VTRS	A	0.13%	0.09%	0.09%
	WAL	B	0.08%	0.02%	0.02%
	WBA	F	0.05%	0.1%	0.05%
	WBS	A	0.09%	0.06%	0.06%
	WEC	A	0.26%	0.11%	0.11%
	WEN	C	0.03%	0.03%	0.03%
	WH	B	0.06%	0.07%	0.06%
	WMB	A	0.57%	0.22%	0.22%
	WPC	C	0.1%	0.06%	0.06%
	WSO	A	0.15%	0.03%	0.03%
	WTRG	B	0.08%	0.01%	0.01%
	WTW	B	0.26%	0.16%	0.16%
	WY	D	0.19%	0.08%	0.08%
	XEL	A	0.32%	0.1%	0.1%
	XRAY	D	0.03%	0.03%	0.03%
	YUM	D	0.31%	0.12%	0.12%
	ZION	B	0.07%	0.05%	0.05%

IWR Overweight 539 Positions Relative to DIVB

	Symbol	Grade	Weight
	PLTR	A	1.09%
	APP	A	0.63%
	AJG	B	0.52%
	COIN	A	0.5%
	HLT	A	0.5%
	DLR	A	0.48%
	URI	B	0.46%
	RCL	A	0.45%
	MSTR	A	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	GWW	B	0.42%
	O	C	0.41%
	LNG	A	0.4%
	VST	A	0.4%
	SQ	A	0.39%
	PWR	A	0.39%
	DHI	D	0.39%
	MSCI	B	0.38%
	KVUE	A	0.38%
	ROST	D	0.38%
	AME	A	0.37%
	PCG	A	0.37%
	HWM	A	0.37%
	EA	A	0.36%
	VRT	A	0.36%
	ODFL	B	0.35%
	AXON	A	0.35%
	DAL	A	0.34%
	IR	B	0.34%
	CBRE	B	0.33%
	COR	B	0.33%
	VRSK	B	0.33%
	OTIS	C	0.33%
	LEN	D	0.33%
	FERG	C	0.33%
	HES	B	0.33%
	CTVA	C	0.32%
	IT	C	0.32%
	GEHC	D	0.31%
	A	F	0.31%
	DDOG	A	0.31%
	CHTR	B	0.3%
	ACGL	D	0.3%
	VMC	B	0.3%
	IDXX	F	0.29%
	IQV	F	0.29%
	MLM	B	0.29%
	WAB	B	0.28%
	RMD	C	0.28%
	DD	D	0.28%
	GRMN	B	0.27%
	NDAQ	A	0.27%
	HUBS	B	0.27%
	HUM	D	0.27%
	VEEV	C	0.26%
	UAL	A	0.25%
	CNC	F	0.25%
	DXCM	C	0.25%
	RJF	A	0.25%
	EFX	F	0.25%
	TTWO	A	0.25%
	STT	B	0.24%
	CSGP	F	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	TSCO	D	0.24%
	ALNY	D	0.24%
	DOV	B	0.23%
	ON	F	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	BRO	B	0.22%
	FCNCA	A	0.22%
	FTV	D	0.22%
	PHM	D	0.22%
	CHD	A	0.22%
	DECK	A	0.22%
	BR	B	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	MTD	F	0.21%
	EQT	A	0.21%
	TYL	B	0.21%
	VLTO	C	0.21%
	ADM	D	0.21%
	TPL	A	0.21%
	SYF	B	0.21%
	GDDY	A	0.21%
	RBLX	B	0.21%
	NVR	D	0.21%
	KEYS	C	0.21%
	CVNA	A	0.21%
	SBAC	D	0.2%
	CDW	F	0.2%
	CCL	A	0.2%
	CPAY	A	0.2%
	PTC	B	0.19%
	WST	D	0.19%
	EXPE	B	0.19%
	ZBH	C	0.19%
	EME	A	0.19%
	BIIB	F	0.19%
	LPLA	A	0.19%
	HUBB	B	0.19%
	ZM	B	0.18%
	HOOD	A	0.18%
	ILMN	C	0.18%
	STE	D	0.18%
	LDOS	C	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	MKL	A	0.18%
	WBD	B	0.18%
	FSLR	F	0.17%
	LYV	A	0.17%
	WDC	F	0.17%
	CSL	C	0.17%
	CBOE	C	0.17%
	WAT	C	0.17%
	BLDR	D	0.17%
	IBKR	A	0.16%
	BAH	D	0.16%
	COO	D	0.16%
	LII	A	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	RS	B	0.15%
	WRB	B	0.15%
	HOLX	D	0.15%
	DKNG	B	0.15%
	TOST	A	0.15%
	PODD	B	0.15%
	ARE	F	0.15%
	FDS	B	0.15%
	ZS	B	0.15%
	TRU	D	0.15%
	BALL	D	0.15%
	TWLO	A	0.14%
	NTRA	A	0.14%
	WSM	D	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	OC	A	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	NTNX	B	0.14%
	LVS	B	0.14%
	PINS	F	0.14%
	HEI	A	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	RPM	B	0.14%
	IEX	B	0.14%
	J	D	0.14%
	PNR	B	0.14%
	ULTA	F	0.14%
	RGA	B	0.13%
	VRSN	F	0.13%
	DT	C	0.13%
	SUI	C	0.13%
	TOL	B	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	SSNC	C	0.13%
	AVY	D	0.13%
	UTHR	C	0.13%
	TXT	D	0.13%
	EG	D	0.13%
	TER	F	0.13%
	DOCU	B	0.13%
	ROL	B	0.12%
	SOFI	A	0.12%
	AVTR	F	0.12%
	JBL	C	0.12%
	APTV	F	0.12%
	NDSN	D	0.12%
	ACM	B	0.12%
	ENTG	F	0.12%
	USFD	A	0.12%
	THC	C	0.12%
	PSTG	F	0.12%
	CASY	A	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	TW	A	0.12%
	L	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	DLTR	F	0.11%
	AFRM	A	0.11%
	EPAM	C	0.11%
	AKAM	F	0.11%
	TXRH	B	0.11%
	RNR	C	0.11%
	POOL	D	0.11%
	RVTY	D	0.11%
	CW	B	0.11%
	SAIA	C	0.11%
	FFIV	B	0.11%
	BJ	B	0.1%
	BWXT	A	0.1%
	Z	A	0.1%
	UHS	D	0.1%
	NBIX	C	0.1%
	OKTA	D	0.1%
	HEI	A	0.1%
	NVT	C	0.1%
	BMRN	F	0.1%
	FTI	A	0.1%
	INCY	C	0.1%
	ALB	B	0.1%
	ALLE	D	0.1%
	KMX	C	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	CLH	C	0.1%
	PRI	A	0.09%
	CACI	C	0.09%
	FOXA	B	0.09%
	TECH	F	0.09%
	CCK	D	0.09%
	GNRC	B	0.09%
	CTLT	D	0.09%
	CAVA	C	0.09%
	FND	F	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	BLD	F	0.09%
	ATR	B	0.09%
	TTEK	F	0.09%
	AA	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	LECO	C	0.09%
	TFX	F	0.08%
	FBIN	F	0.08%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	SMCI	F	0.08%
	WMS	F	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	WING	D	0.08%
	SOLV	F	0.08%
	BRBR	A	0.08%
	TKO	A	0.08%
	SRPT	F	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CRL	D	0.08%
	DOX	D	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	GL	C	0.08%
	HLI	B	0.08%
	CHDN	C	0.08%
	LBRDK	C	0.08%
	ARMK	C	0.08%
	EHC	B	0.08%
	MUSA	B	0.08%
	NLY	C	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	EXP	B	0.08%
	AYI	B	0.08%
	LAD	B	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	MTCH	F	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	F	0.07%
	APG	C	0.07%
	CE	F	0.07%
	DVA	C	0.07%
	CNM	C	0.07%
	PLNT	A	0.07%
	CHE	F	0.07%
	RIVN	F	0.07%
	EGP	D	0.07%
	GPK	D	0.07%
	MOS	D	0.07%
	LNW	F	0.07%
	NYT	D	0.07%
	MTZ	A	0.07%
	TTC	F	0.07%
	CR	A	0.07%
	GLOB	C	0.07%
	WTFC	B	0.07%
	ITCI	B	0.07%
	FYBR	C	0.07%
	BILL	B	0.07%
	MGM	D	0.07%
	SNX	D	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	HSIC	C	0.07%
	AR	B	0.07%
	AXTA	B	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	AWI	B	0.06%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	MTDR	C	0.06%
	VMI	B	0.06%
	DAR	B	0.06%
	ALK	A	0.06%
	CGNX	D	0.06%
	FCN	F	0.06%
	MTSI	B	0.06%
	MASI	B	0.06%
	ELAN	D	0.06%
	GXO	B	0.06%
	ATI	C	0.06%
	FRPT	A	0.06%
	RGEN	F	0.06%
	GNTX	F	0.06%
	ESTC	C	0.06%
	ESAB	C	0.06%
	MKSI	C	0.06%
	GTLB	B	0.06%
	BBWI	C	0.06%
	OSK	C	0.06%
	VNO	C	0.06%
	S	B	0.06%
	MIDD	D	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RLI	A	0.06%
	RYAN	B	0.06%
	WEX	F	0.06%
	PCOR	C	0.06%
	TREX	D	0.06%
	MHK	D	0.06%
	KEX	B	0.06%
	SMAR	A	0.06%
	JAZZ	C	0.06%
	ADC	A	0.06%
	SSD	D	0.06%
	OLED	F	0.06%
	ONTO	F	0.06%
	FLS	A	0.06%
	KBR	F	0.06%
	BWA	D	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	VVV	D	0.05%
	PATH	C	0.05%
	OLLI	D	0.05%
	BRKR	F	0.05%
	PVH	C	0.05%
	FOX	A	0.05%
	ETSY	D	0.05%
	CROX	F	0.05%
	AGCO	F	0.05%
	VNT	C	0.05%
	AMG	C	0.05%
	LFUS	D	0.05%
	WFRD	F	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	A	0.05%
	BFAM	F	0.05%
	DOCS	C	0.05%
	ARW	F	0.05%
	UHAL	D	0.05%
	BIO	C	0.05%
	QRVO	F	0.05%
	SITE	D	0.05%
	ESI	B	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	D	0.05%
	MSA	D	0.05%
	KD	A	0.05%
	WSC	F	0.05%
	PARA	D	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	C	0.05%
	LYFT	C	0.05%
	AZEK	B	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	EEFT	C	0.04%
	PSN	C	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	LOPE	B	0.04%
	RH	D	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	D	0.04%
	WTM	A	0.04%
	HXL	F	0.04%
	OLN	F	0.04%
	TKR	F	0.04%
	NXST	C	0.04%
	INSP	F	0.04%
	AL	B	0.04%
	BROS	A	0.04%
	VNOM	A	0.04%
	U	F	0.04%
	VKTX	F	0.04%
	APPF	C	0.04%
	POST	C	0.04%
	SLM	B	0.04%
	LNC	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	CRUS	F	0.04%
	AMTM	F	0.03%
	BHF	C	0.03%
	PENN	C	0.03%
	VAC	C	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	D	0.03%
	NCNO	B	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	ACHC	F	0.03%
	IAC	D	0.03%
	NVST	C	0.03%
	SPR	D	0.03%
	W	D	0.03%
	TNL	B	0.03%
	NWS	A	0.03%
	DXC	D	0.03%
	PEGA	B	0.03%
	LINE	F	0.03%
	RARE	F	0.03%
	GFS	C	0.03%
	MSGS	B	0.03%
	GTES	A	0.03%
	AN	D	0.03%
	WLK	F	0.03%
	VSTS	F	0.02%
	CRI	F	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	F	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	B	0.02%
	AZTA	F	0.02%
	RCM	A	0.02%
	HAYW	B	0.02%
	PINC	B	0.02%
	ALGM	F	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	C	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	WU	F	0.02%
	CXT	C	0.02%
	APLS	F	0.02%
	COTY	F	0.02%
	CACC	F	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	COLM	B	0.02%
	VIRT	A	0.02%
	AMKR	F	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	RNG	C	0.02%
	SNRE	D	0.02%
	NSA	C	0.02%
	LLYVK	A	0.02%
	PK	D	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	WOLF	F	0.01%
	LOAR	B	0.01%
	CNA	C	0.01%
	AS	A	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%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	D	0.01%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	D	0.01%
	LEN	D	0.01%
	BIRK	D	0.01%
	PARAA	C	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	F	0.0%

IWR Underweight 169 Positions Relative to DIVB

	Symbol	Grade	Weight
	CSCO	B	-5.42%
	ACN	C	-3.56%
	IBM	C	-3.51%
	TXN	C	-3.03%
	XOM	B	-2.91%
	JPM	A	-2.66%
	WFC	A	-2.42%
	CVX	A	-2.17%
	HD	A	-1.57%
	PG	C	-1.5%
	VZ	C	-1.48%
	BAC	A	-1.46%
	JNJ	D	-1.37%
	MS	A	-1.36%
	GS	B	-1.36%
	T	A	-1.2%
	TEL	C	-1.17%
	CAT	C	-1.1%
	ABBV	F	-1.1%
	BMY	A	-1.09%
	LOW	C	-1.06%
	RTX	D	-1.04%
	COP	B	-0.85%
	PM	A	-0.84%
	PFE	F	-0.84%
	LMT	D	-0.83%
	MCD	D	-0.82%
	PEP	F	-0.78%
	MRK	F	-0.75%
	KO	D	-0.75%
	UPS	C	-0.71%
	DE	C	-0.69%
	CI	D	-0.68%
	C	B	-0.67%
	HON	B	-0.66%
	NKE	F	-0.65%
	CVS	F	-0.65%
	BLK	B	-0.63%
	AIG	C	-0.57%
	GILD	C	-0.55%
	MDT	D	-0.55%
	ABT	A	-0.52%
	UNP	D	-0.48%
	CRH	B	-0.46%
	MET	A	-0.46%
	PNC	B	-0.46%
	CSX	C	-0.45%
	PSX	C	-0.44%
	AMGN	D	-0.43%
	BX	A	-0.4%
	STX	D	-0.39%
	ADP	B	-0.38%
	SBUX	A	-0.37%
	ITW	B	-0.36%
	MDLZ	F	-0.35%
	CME	A	-0.34%
	TFC	A	-0.33%
	EMR	A	-0.33%
	DUK	C	-0.31%
	MMM	D	-0.31%
	F	C	-0.31%
	USB	B	-0.31%
	NOC	D	-0.31%
	FDX	B	-0.3%
	PLD	D	-0.3%
	EOG	A	-0.29%
	CL	D	-0.26%
	TRV	A	-0.26%
	NSC	B	-0.25%
	AMT	D	-0.25%
	TGT	B	-0.23%
	SO	C	-0.22%
	JCI	B	-0.21%
	COF	B	-0.2%
	SLB	C	-0.19%
	KMB	C	-0.18%
	PSA	C	-0.18%
	APD	A	-0.18%
	SRE	A	-0.17%
	KHC	F	-0.16%
	KDP	D	-0.16%
	D	C	-0.13%
	NEM	D	-0.13%
	NEE	C	-0.11%
	KLIC	C	-0.1%
	AEP	C	-0.1%
	VSH	F	-0.06%
	EL	F	-0.06%
	ALV	C	-0.05%
	PBF	D	-0.04%
	RDN	D	-0.04%
	CNO	B	-0.03%
	ONB	B	-0.03%
	VLY	B	-0.03%
	HP	C	-0.03%
	CCOI	B	-0.03%
	PTEN	C	-0.03%
	HOMB	A	-0.03%
	MGY	A	-0.03%
	RHP	B	-0.03%
	ARCH	B	-0.03%
	FHI	B	-0.03%
	HRI	C	-0.03%
	KBH	D	-0.03%
	APLE	B	-0.02%
	ALE	A	-0.02%
	NSP	F	-0.02%
	HWC	B	-0.02%
	CDP	C	-0.02%
	GOLF	B	-0.02%
	WMG	C	-0.02%
	PECO	A	-0.02%
	ESNT	D	-0.02%
	IIPR	F	-0.02%
	MC	B	-0.02%
	AEO	F	-0.02%
	VCTR	B	-0.02%
	ABM	B	-0.02%
	NHI	D	-0.02%
	PCH	D	-0.02%
	RUSHA	B	-0.02%
	MAC	A	-0.02%
	CRC	A	-0.02%
	ASB	B	-0.02%
	SHOO	D	-0.02%
	KTB	A	-0.02%
	GBCI	B	-0.02%
	SSB	B	-0.02%
	APAM	B	-0.02%
	SLG	B	-0.02%
	KRG	A	-0.02%
	MUR	F	-0.02%
	UBSI	B	-0.02%
	BTU	C	-0.02%
	SBRA	B	-0.02%
	IPAR	C	-0.01%
	OGS	A	-0.01%
	TXNM	A	-0.01%
	MCY	B	-0.01%
	BKH	A	-0.01%
	AWR	A	-0.01%
	UCB	A	-0.01%
	SXT	C	-0.01%
	RRR	F	-0.01%
	MGEE	A	-0.01%
	CNS	B	-0.01%
	GEF	B	-0.01%
	AVNT	B	-0.01%
	AROC	A	-0.01%
	OTTR	C	-0.01%
	HI	C	-0.01%
	LXP	D	-0.01%
	NJR	A	-0.01%
	IBOC	B	-0.01%
	FFIN	B	-0.01%
	CATY	B	-0.01%
	LCII	D	-0.01%
	SKT	A	-0.01%
	WD	D	-0.01%
	IRT	A	-0.01%
	MAGN	F	-0.0%
	CADE	B	-0.0%
	RUSHB	B	-0.0%
	GEF	B	-0.0%
	CRK	A	-0.0%
	SITC	D	-0.0%
	AVA	C	-0.0%
	ACT	D	-0.0%
	CVI	D	-0.0%

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

DIVB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P REIT - Residential REIT - Retail Utilities - Diversified Packaged Foods Packaging & Containers REIT - Diversified Diversified Industrials REIT - Industrial Business Services Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Insurance - Diversified Insurance - Life Insurance - Specialty

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Bank Banking Electricity Insurance Nasdaq 100 Commercial Banking Dow Jones Component Deposit Products Financial Products Investment Bank Real Estate Market Cash Management Insurance Products Chemical Plastic Life Insurance Mining