IWR vs. FAB ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to First Trust Multi Cap Value AlphaDEX Fund (FAB)

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 1000Â® Index.

Grade (RS Rating)

Last Trade

$87.15

Average Daily Volume

1,150,569

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.81

Average Daily Volume

3,851

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

Performance

Period	IWR	FAB
30 Days	1.59%	-0.57%
60 Days	7.34%	3.63%
90 Days	8.84%	7.31%
12 Months	31.80%	26.34%

293 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in FAB	Overlap
AAP	F	0.02%	0.03%	0.02%
ACGL	A	0.35%	0.47%	0.35%
ADM	D	0.24%	0.42%	0.24%
AEE	A	0.2%	0.41%	0.2%
AFG	C	0.08%	0.05%	0.05%
AFL	A	0.54%	0.3%	0.3%
AGCO	D	0.05%	0.21%	0.05%
AGNC	C	0.07%	0.14%	0.07%
AGO	B	0.04%	0.21%	0.04%
AIZ	A	0.09%	0.1%	0.09%
AL	D	0.04%	0.2%	0.04%
ALK	B	0.05%	0.14%	0.05%
ALLY	F	0.08%	0.15%	0.08%
AMG	B	0.05%	0.23%	0.05%
AMKR	F	0.03%	0.06%	0.03%
AN	C	0.04%	0.19%	0.04%
APA	F	0.08%	0.14%	0.08%
APTV	D	0.16%	0.44%	0.16%
AR	B	0.07%	0.04%	0.04%
ARE	D	0.17%	0.17%	0.17%
ARW	C	0.06%	0.18%	0.06%
ASH	F	0.04%	0.11%	0.04%
ATO	A	0.18%	0.4%	0.18%
AVT	C	0.04%	0.17%	0.04%
AWK	B	0.24%	0.09%	0.09%
AXS	A	0.05%	0.14%	0.05%
AYI	A	0.08%	0.09%	0.08%
BBWI	F	0.06%	0.1%	0.06%
BBY	B	0.19%	0.3%	0.19%
BC	D	0.05%	0.14%	0.05%
BEN	F	0.05%	0.31%	0.05%
BERY	C	0.07%	0.15%	0.07%
BG	F	0.12%	0.38%	0.12%
BHF	F	0.02%	0.04%	0.02%
BIIB	F	0.24%	0.07%	0.07%
BJ	D	0.1%	0.04%	0.04%
BKR	B	0.31%	0.25%	0.25%
BOKF	D	0.02%	0.09%	0.02%
BPOP	D	0.06%	0.05%	0.05%
BWA	B	0.07%	0.19%	0.07%
BYD	C	0.04%	0.2%	0.04%
CACI	A	0.1%	0.05%	0.05%
CAG	D	0.13%	0.38%	0.13%
CAR	D	0.01%	0.07%	0.01%
CBRE	A	0.32%	0.11%	0.11%
CCK	C	0.1%	0.05%	0.05%
CE	D	0.13%	0.43%	0.13%
CF	A	0.14%	0.48%	0.14%
CFG	D	0.15%	0.38%	0.15%
CHK	D	0.16%	0.21%	0.16%
CHRD	F	0.07%	0.13%	0.07%
CHTR	D	0.26%	0.27%	0.26%
CINF	A	0.18%	0.48%	0.18%
CLF	D	0.05%	0.17%	0.05%
CMA	C	0.06%	0.1%	0.06%
CMI	B	0.38%	0.1%	0.1%
CMS	A	0.18%	0.29%	0.18%
CNC	F	0.33%	0.38%	0.33%
CNP	B	0.16%	0.23%	0.16%
CNXC	F	0.02%	0.17%	0.02%
COLB	C	0.05%	0.22%	0.05%
COLM	B	0.02%	0.09%	0.02%
CPB	D	0.08%	0.18%	0.08%
CRI	D	0.02%	0.1%	0.02%
CROX	C	0.07%	0.08%	0.07%
CRUS	D	0.05%	0.04%	0.04%
CTRA	D	0.15%	0.37%	0.15%
CTSH	B	0.32%	0.38%	0.32%
CTVA	A	0.35%	0.09%	0.09%
CUZ	C	0.04%	0.16%	0.04%
CWEN	C	0.01%	0.03%	0.01%
CWEN	C	0.02%	0.03%	0.02%
CXT	F	0.02%	0.04%	0.02%
CZR	B	0.08%	0.13%	0.08%
DAR	F	0.05%	0.21%	0.05%
DD	B	0.31%	0.09%	0.09%
DDS	D	0.01%	0.11%	0.01%
DG	F	0.16%	0.05%	0.05%
DGX	B	0.15%	0.28%	0.15%
DHI	C	0.49%	0.57%	0.49%
DINO	F	0.06%	0.18%	0.06%
DKS	D	0.1%	0.08%	0.08%
DNB	D	0.03%	0.1%	0.03%
DOV	C	0.22%	0.18%	0.18%
DOW	B	0.33%	0.17%	0.17%
DTE	A	0.23%	0.28%	0.23%
DTM	A	0.07%	0.09%	0.07%
DVN	F	0.21%	0.34%	0.21%
DXC	D	0.03%	0.18%	0.03%
EBAY	A	0.28%	0.4%	0.28%
ED	A	0.31%	0.39%	0.31%
EG	B	0.15%	0.43%	0.15%
EHC	B	0.08%	0.05%	0.05%
EIX	A	0.29%	0.3%	0.29%
EMN	C	0.11%	0.14%	0.11%
ENOV	F	0.02%	0.02%	0.02%
EPAM	F	0.09%	0.18%	0.09%
EQR	C	0.24%	0.26%	0.24%
EQT	B	0.18%	0.41%	0.18%
ETR	A	0.24%	0.51%	0.24%
EVRG	C	0.12%	0.19%	0.12%
EWBC	D	0.09%	0.14%	0.09%
EXC	A	0.35%	0.49%	0.35%
EXPD	C	0.16%	0.08%	0.08%
FAF	B	0.06%	0.1%	0.06%
FANG	D	0.29%	0.36%	0.29%
FE	B	0.22%	0.28%	0.22%
FHB	D	0.02%	0.08%	0.02%
FHN	D	0.07%	0.12%	0.07%
FITB	C	0.24%	0.29%	0.24%
FMC	B	0.07%	0.24%	0.07%
FNB	D	0.04%	0.13%	0.04%
FNF	A	0.13%	0.21%	0.13%
FOXA	A	0.08%	0.51%	0.08%
FYBR	C	0.07%	0.23%	0.07%
G	A	0.06%	0.2%	0.06%
GAP	F	0.04%	0.11%	0.04%
GIS	C	0.36%	0.29%	0.29%
GL	C	0.08%	0.16%	0.08%
GO	F	0.01%	0.02%	0.01%
GPC	D	0.17%	0.17%	0.17%
GPN	F	0.22%	0.44%	0.22%
GXO	D	0.05%	0.04%	0.04%
HAL	F	0.23%	0.28%	0.23%
HBAN	D	0.18%	0.37%	0.18%
HIG	A	0.29%	0.39%	0.29%
HII	F	0.09%	0.13%	0.09%
HIW	C	0.03%	0.12%	0.03%
HLI	C	0.07%	0.05%	0.05%
HOG	D	0.04%	0.24%	0.04%
HPE	B	0.22%	0.4%	0.22%
HPQ	C	0.29%	0.17%	0.17%
HRL	F	0.08%	0.17%	0.08%
HSIC	D	0.08%	0.05%	0.05%
HSY	D	0.24%	0.18%	0.18%
HUM	F	0.29%	0.07%	0.07%
IAC	C	0.03%	0.1%	0.03%
IDA	C	0.04%	0.09%	0.04%
INCY	B	0.09%	0.27%	0.09%
IP	C	0.15%	0.05%	0.05%
IPG	C	0.1%	0.36%	0.1%
IPGP	D	0.02%	0.11%	0.02%
IVZ	A	0.05%	0.05%	0.05%
J	D	0.14%	0.09%	0.09%
JAZZ	F	0.06%	0.13%	0.06%
JBHT	D	0.12%	0.26%	0.12%
JBL	D	0.11%	0.28%	0.11%
JEF	A	0.09%	0.05%	0.05%
JLL	B	0.11%	0.05%	0.05%
K	B	0.18%	0.11%	0.11%
KEX	C	0.06%	0.04%	0.04%
KEY	C	0.13%	0.2%	0.13%
KIM	C	0.13%	0.2%	0.13%
KMI	A	0.37%	0.37%	0.37%
KNX	D	0.07%	0.13%	0.07%
KR	C	0.32%	0.28%	0.28%
KRC	C	0.04%	0.21%	0.04%
KSS	D	0.02%	0.11%	0.02%
KVUE	C	0.37%	0.1%	0.1%
L	D	0.12%	0.35%	0.12%
LAD	C	0.07%	0.26%	0.07%
LBRDK	B	0.07%	0.29%	0.07%
LEA	F	0.05%	0.16%	0.05%
LEN	B	0.38%	0.52%	0.38%
LEN	B	0.02%	0.52%	0.02%
LFUS	C	0.05%	0.04%	0.04%
LHX	A	0.4%	0.09%	0.09%
LKQ	F	0.09%	0.33%	0.09%
LNC	D	0.04%	0.17%	0.04%
LNG	A	0.36%	0.34%	0.34%
LNT	A	0.13%	0.1%	0.1%
LPX	A	0.06%	0.11%	0.06%
LSTR	D	0.06%	0.04%	0.04%
LUV	B	0.15%	0.25%	0.15%
LYB	D	0.21%	0.34%	0.21%
M	F	0.04%	0.1%	0.04%
MAA	C	0.16%	0.09%	0.09%
MAT	D	0.06%	0.05%	0.05%
MDU	C	0.05%	0.18%	0.05%
MIDD	D	0.06%	0.1%	0.06%
MKC	C	0.18%	0.1%	0.1%
MKL	C	0.17%	0.42%	0.17%
MOH	D	0.17%	0.19%	0.17%
MOS	D	0.07%	0.19%	0.07%
MTB	C	0.25%	0.39%	0.25%
MTDR	F	0.05%	0.17%	0.05%
MTG	B	0.06%	0.24%	0.06%
NFG	A	0.05%	0.18%	0.05%
NI	A	0.13%	0.15%	0.13%
NOV	F	0.05%	0.17%	0.05%
NRG	A	0.16%	0.15%	0.15%
NUE	D	0.31%	0.4%	0.31%
NVST	D	0.03%	0.05%	0.03%
NXST	D	0.04%	0.12%	0.04%
OC	C	0.13%	0.34%	0.13%
OGE	A	0.07%	0.14%	0.07%
OGN	F	0.04%	0.15%	0.04%
OKE	B	0.46%	0.19%	0.19%
OLN	D	0.05%	0.13%	0.05%
OMC	C	0.17%	0.19%	0.17%
OMF	F	0.04%	0.12%	0.04%
ORI	B	0.08%	0.09%	0.08%
OSK	F	0.05%	0.15%	0.05%
OVV	F	0.09%	0.17%	0.09%
OZK	F	0.04%	0.17%	0.04%
PAG	D	0.03%	0.14%	0.03%
PARA	F	0.05%	0.04%	0.04%
PB	D	0.05%	0.1%	0.05%
PCG	B	0.36%	0.38%	0.36%
PEG	A	0.39%	0.2%	0.2%
PFG	C	0.17%	0.09%	0.09%
PII	D	0.04%	0.13%	0.04%
PKG	C	0.16%	0.2%	0.16%
PNFP	D	0.06%	0.15%	0.06%
PNW	A	0.09%	0.19%	0.09%
POOL	B	0.12%	0.1%	0.1%
PPG	D	0.26%	0.18%	0.18%
PRGO	F	0.03%	0.08%	0.03%
PRU	C	0.37%	0.08%	0.08%
PVH	F	0.05%	0.2%	0.05%
R	C	0.05%	0.19%	0.05%
REYN	D	0.01%	0.09%	0.01%
RF	C	0.18%	0.28%	0.18%
RGA	C	0.12%	0.04%	0.04%
RHI	D	0.06%	0.04%	0.04%
RJF	B	0.2%	0.08%	0.08%
RNR	A	0.12%	0.25%	0.12%
RRC	D	0.06%	0.11%	0.06%
RS	D	0.14%	0.34%	0.14%
RYN	C	0.04%	0.09%	0.04%
SAIC	A	0.06%	0.1%	0.06%
SEB	D	0.01%	0.21%	0.01%
SEE	C	0.04%	0.04%	0.04%
SEIC	B	0.06%	0.09%	0.06%
SJM	C	0.11%	0.37%	0.11%
SKX	B	0.08%	0.08%	0.08%
SLGN	C	0.04%	0.1%	0.04%
SLM	C	0.04%	0.09%	0.04%
SNA	A	0.13%	0.37%	0.13%
SNDR	C	0.01%	0.11%	0.01%
SNV	D	0.05%	0.05%	0.05%
SNX	C	0.08%	0.09%	0.08%
SON	D	0.05%	0.13%	0.05%
SPB	C	0.02%	0.13%	0.02%
SSNC	C	0.14%	0.2%	0.14%
STLD	B	0.16%	0.41%	0.16%
STT	C	0.22%	0.29%	0.22%
SWKS	F	0.13%	0.23%	0.13%
SYF	B	0.17%	0.44%	0.17%
SYY	B	0.33%	0.09%	0.09%
TAP	D	0.09%	0.23%	0.09%
TDY	A	0.17%	0.27%	0.17%
TFX	C	0.1%	0.05%	0.05%
THC	C	0.13%	0.2%	0.13%
THO	B	0.05%	0.15%	0.05%
TKR	D	0.05%	0.13%	0.05%
TRGP	B	0.28%	0.09%	0.09%
TROW	D	0.2%	0.32%	0.2%
TSCO	A	0.27%	0.09%	0.09%
TSN	D	0.14%	0.09%	0.09%
TXT	F	0.14%	0.25%	0.14%
UAA	B	0.01%	0.16%	0.01%
UAL	B	0.16%	0.5%	0.16%
UGI	C	0.04%	0.09%	0.04%
UHAL	A	0.06%	0.4%	0.06%
UHAL	A	0.01%	0.4%	0.01%
UHS	D	0.11%	0.21%	0.11%
UNM	A	0.08%	0.19%	0.08%
USFD	C	0.12%	0.05%	0.05%
UTHR	C	0.13%	0.14%	0.13%
VAC	D	0.02%	0.06%	0.02%
VNO	A	0.06%	0.06%	0.06%
VOYA	A	0.07%	0.05%	0.05%
VTR	C	0.22%	0.1%	0.1%
VTRS	D	0.12%	0.36%	0.12%
WAL	C	0.08%	0.17%	0.08%
WBD	D	0.17%	0.38%	0.17%
WBS	D	0.07%	0.18%	0.07%
WCC	C	0.06%	0.13%	0.06%
WEC	A	0.26%	0.3%	0.26%
WHR	B	0.05%	0.09%	0.05%
WLK	C	0.04%	0.08%	0.04%
WPC	C	0.11%	0.28%	0.11%
WRB	B	0.14%	0.18%	0.14%
WTFC	D	0.06%	0.13%	0.06%
WTM	D	0.04%	0.19%	0.04%
WTRG	D	0.08%	0.08%	0.08%
WU	D	0.03%	0.12%	0.03%
WY	B	0.21%	0.2%	0.2%
XEL	A	0.31%	0.4%	0.31%
ZBH	F	0.19%	0.24%	0.19%
ZION	D	0.06%	0.09%	0.06%
ZM	C	0.15%	0.29%	0.15%

IWR Overweight 509 Positions Relative to FAB

Symbol	Grade	Weight
PLTR	A	0.63%
AJG	D	0.53%
WMB	A	0.48%
HLT	A	0.48%
SPG	A	0.47%
O	A	0.47%
URI	C	0.46%
BK	C	0.45%
DLR	C	0.44%
CCI	C	0.44%
ALL	B	0.43%
ROST	C	0.42%
AMP	A	0.41%
TTD	C	0.41%
FIS	C	0.4%
GWW	A	0.39%
PAYX	A	0.39%
FICO	A	0.39%
MSCI	B	0.38%
A	B	0.37%
PWR	B	0.37%
IQV	F	0.36%
MPWR	B	0.36%
OTIS	A	0.36%
VST	A	0.36%
GEHC	C	0.35%
FAST	B	0.35%
IDXX	D	0.35%
HWM	A	0.35%
RCL	C	0.35%
MCHP	F	0.35%
YUM	A	0.34%
IR	A	0.34%
FERG	F	0.34%
EA	D	0.33%
ODFL	D	0.33%
VRSK	D	0.33%
HES	D	0.33%
AME	D	0.33%
COR	F	0.32%
EXR	C	0.32%
IT	C	0.32%
SQ	D	0.31%
RMD	C	0.3%
ALNY	C	0.3%
VRT	B	0.3%
EFX	C	0.3%
DDOG	D	0.29%
DFS	C	0.29%
GLW	B	0.29%
VICI	C	0.29%
APP	A	0.29%
IRM	A	0.29%
DAL	C	0.28%
XYL	C	0.28%
COIN	F	0.28%
VMC	D	0.28%
MLM	D	0.28%
MTD	B	0.27%
AVB	C	0.27%
WAB	A	0.27%
PHM	A	0.26%
NDAQ	C	0.26%
CSGP	F	0.26%
ROK	D	0.26%
ON	F	0.26%
VEEV	C	0.26%
WTW	B	0.26%
CDW	D	0.25%
CPNG	C	0.24%
NVR	A	0.24%
ARES	A	0.24%
AXON	A	0.24%
IFF	C	0.23%
DXCM	F	0.23%
GRMN	D	0.23%
CAH	B	0.23%
KEYS	B	0.23%
VLTO	A	0.23%
FTV	B	0.23%
ANSS	D	0.23%
SW	C	0.22%
MSTR	B	0.22%
CHD	C	0.22%
FSLR	C	0.22%
HUBS	D	0.22%
TTWO	F	0.22%
SBAC	B	0.22%
TYL	B	0.21%
PPL	A	0.21%
NTAP	D	0.21%
BRO	A	0.21%
BR	B	0.21%
HUBB	A	0.2%
STE	D	0.2%
BLDR	B	0.2%
NET	D	0.2%
DECK	B	0.2%
ES	C	0.2%
GDDY	D	0.19%
WST	D	0.19%
WDC	C	0.19%
FCNCA	D	0.19%
CBOE	A	0.19%
LDOS	A	0.19%
RBLX	C	0.19%
CLX	B	0.18%
ILMN	B	0.18%
CSL	A	0.18%
BALL	C	0.18%
PTC	D	0.18%
BAH	A	0.18%
WAT	B	0.18%
COO	C	0.18%
INVH	D	0.18%
CPAY	A	0.18%
DRI	C	0.17%
PINS	D	0.17%
EME	C	0.17%
TRU	A	0.17%
TER	C	0.17%
SMCI	F	0.17%
ULTA	D	0.16%
MDB	F	0.16%
LVS	B	0.16%
ALGN	D	0.16%
HOLX	D	0.16%
LH	D	0.16%
MAS	A	0.16%
EXPE	B	0.16%
ZBRA	A	0.16%
ESS	C	0.16%
BAX	D	0.16%
CVNA	A	0.16%
LII	C	0.16%
WSM	B	0.16%
LPLA	D	0.15%
WSO	C	0.15%
TPL	B	0.15%
AVTR	D	0.15%
FDS	C	0.15%
DKNG	D	0.15%
LYV	A	0.15%
AVY	C	0.15%
NTRS	C	0.15%
CCL	C	0.15%
VRSN	B	0.14%
TOL	A	0.14%
DOC	C	0.14%
PNR	C	0.14%
IEX	D	0.14%
AMCR	B	0.14%
PODD	C	0.14%
SUI	D	0.14%
BURL	D	0.14%
ENTG	D	0.14%
HEI	A	0.14%
SWK	A	0.14%
MANH	C	0.14%
ENPH	D	0.13%
IBKR	A	0.13%
GEN	B	0.13%
UDR	C	0.13%
NDSN	B	0.13%
GWRE	A	0.13%
HOOD	C	0.13%
TRMB	B	0.13%
DPZ	D	0.13%
PSTG	F	0.13%
AKAM	D	0.13%
RPM	A	0.13%
ZS	F	0.13%
RVTY	B	0.13%
DT	C	0.13%
MRO	D	0.13%
FWONK	D	0.13%
FIX	A	0.12%
NTNX	C	0.12%
ACM	C	0.12%
CASY	D	0.12%
ROL	B	0.12%
DLTR	F	0.12%
AES	B	0.12%
GGG	B	0.12%
NTRA	A	0.12%
TW	A	0.12%
CLH	C	0.11%
WING	B	0.11%
KMX	F	0.11%
EXAS	C	0.11%
BXP	C	0.11%
DOCU	B	0.11%
TTEK	B	0.11%
ALLE	A	0.11%
TOST	C	0.11%
CPT	C	0.11%
JNPR	B	0.11%
FND	C	0.11%
CHRW	A	0.11%
FFIV	B	0.11%
AMH	D	0.11%
CW	A	0.11%
BLD	C	0.11%
ELS	D	0.11%
EQH	C	0.11%
JKHY	A	0.11%
BMRN	F	0.11%
REG	C	0.11%
GLPI	A	0.11%
RPRX	B	0.1%
SCI	C	0.1%
NVT	D	0.1%
NBIX	F	0.1%
LAMR	C	0.1%
SAIA	D	0.1%
HEI	A	0.1%
OKTA	F	0.1%
COHR	B	0.1%
FTI	B	0.1%
TXRH	A	0.1%
CUBE	C	0.1%
PFGC	A	0.1%
ITT	B	0.1%
TECH	C	0.1%
XPO	F	0.1%
HST	D	0.1%
CRL	F	0.09%
ARMK	A	0.09%
OHI	C	0.09%
DOX	B	0.09%
NWSA	D	0.09%
WWD	B	0.09%
HAS	A	0.09%
WYNN	B	0.09%
BWXT	A	0.09%
Z	C	0.09%
DUOL	B	0.09%
LECO	D	0.09%
KNSL	D	0.09%
ATR	A	0.09%
TPR	B	0.09%
REXR	D	0.09%
AOS	B	0.09%
RRX	C	0.09%
TWLO	B	0.09%
CTLT	A	0.09%
FBIN	C	0.09%
WMS	D	0.09%
ALB	D	0.09%
SRPT	F	0.09%
EGP	D	0.08%
KBR	C	0.08%
NNN	A	0.08%
DCI	B	0.08%
CHE	C	0.08%
CIEN	A	0.08%
GPK	C	0.08%
NYT	A	0.08%
AFRM	C	0.08%
INGR	A	0.08%
EVR	C	0.08%
MGM	D	0.08%
TTC	D	0.08%
PR	F	0.08%
TPX	C	0.08%
DAY	B	0.08%
PRI	A	0.08%
CAVA	C	0.08%
MUSA	D	0.08%
SF	A	0.08%
GNRC	B	0.08%
LW	D	0.08%
SOLV	C	0.08%
RGLD	C	0.08%
FRT	D	0.08%
ROKU	C	0.08%
CG	C	0.08%
QRVO	F	0.08%
EXP	C	0.08%
CHDN	D	0.08%
MKTX	C	0.08%
OLED	C	0.08%
TKO	A	0.08%
MTCH	B	0.08%
CNH	B	0.08%
AA	B	0.08%
OWL	A	0.08%
ONTO	B	0.08%
NLY	C	0.08%
CR	B	0.07%
MTZ	B	0.07%
ACI	F	0.07%
RL	B	0.07%
X	F	0.07%
AXTA	C	0.07%
GMED	D	0.07%
SOFI	C	0.07%
LNW	F	0.07%
COKE	B	0.07%
COLD	D	0.07%
BFAM	C	0.07%
FCN	C	0.07%
BRBR	C	0.07%
SSD	B	0.07%
RGEN	F	0.07%
ATI	B	0.07%
GME	F	0.07%
DVA	C	0.07%
GLOB	B	0.07%
BRX	C	0.07%
MHK	B	0.07%
CNM	F	0.07%
PAYC	D	0.07%
MORN	C	0.07%
MEDP	F	0.07%
NCLH	C	0.07%
RIVN	F	0.07%
ALSN	A	0.07%
WEX	C	0.07%
RBC	C	0.07%
HRB	C	0.07%
U	D	0.06%
H	C	0.06%
RLI	A	0.06%
VKTX	C	0.06%
BIO	B	0.06%
MTN	D	0.06%
SITE	D	0.06%
AZEK	C	0.06%
FLS	A	0.06%
HR	D	0.06%
GNTX	D	0.06%
CGNX	F	0.06%
CBSH	D	0.06%
WSC	D	0.06%
LSCC	D	0.06%
CART	C	0.06%
BSY	D	0.06%
VFC	B	0.06%
RYAN	A	0.06%
STAG	D	0.06%
MKSI	F	0.06%
PEN	D	0.06%
PLNT	B	0.06%
SN	B	0.06%
PCTY	B	0.06%
AAL	D	0.06%
ELAN	D	0.06%
FR	C	0.06%
AAON	A	0.06%
BRKR	D	0.06%
TREX	D	0.06%
APG	F	0.06%
SMAR	A	0.06%
ADC	B	0.06%
ITCI	D	0.06%
EXEL	B	0.06%
ST	F	0.05%
APPF	C	0.05%
XRAY	D	0.05%
VVV	D	0.05%
DOCS	A	0.05%
THG	C	0.05%
LAZ	C	0.05%
FOUR	B	0.05%
CELH	F	0.05%
PATH	D	0.05%
SIRI	C	0.05%
RITM	D	0.05%
SRCL	B	0.05%
ACHC	F	0.05%
POST	C	0.05%
VMI	B	0.05%
ELF	F	0.05%
MASI	B	0.05%
OLLI	C	0.05%
AWI	A	0.05%
GTLB	D	0.05%
ESAB	C	0.05%
MTSI	B	0.05%
ESI	B	0.05%
WH	C	0.05%
DBX	B	0.05%
ETSY	F	0.05%
ESTC	F	0.05%
INSP	B	0.05%
IONS	F	0.05%
PCOR	D	0.05%
WBA	F	0.05%
AZPN	C	0.05%
STWD	C	0.05%
FRPT	C	0.05%
WFRD	F	0.05%
S	C	0.05%
CFR	D	0.05%
MSA	F	0.05%
LITE	A	0.04%
LOPE	D	0.04%
FLO	D	0.04%
EEFT	F	0.04%
DLB	D	0.04%
LYFT	D	0.04%
CFLT	F	0.04%
VNOM	B	0.04%
LINE	F	0.04%
CPRI	B	0.04%
HCP	B	0.04%
PSN	A	0.04%
ROIV	D	0.04%
JHG	C	0.04%
TPG	B	0.04%
FIVE	D	0.04%
CCCS	D	0.04%
HXL	F	0.04%
RH	C	0.04%
W	D	0.04%
RARE	C	0.04%
KD	F	0.04%
AM	A	0.04%
VNT	F	0.04%
FOX	A	0.04%
CIVI	F	0.04%
BILL	D	0.04%
LCID	D	0.03%
ZG	C	0.03%
CC	D	0.03%
WEN	D	0.03%
TNL	B	0.03%
AMED	D	0.03%
NWL	D	0.03%
ZI	F	0.03%
PEGA	B	0.03%
NWS	D	0.03%
AMTM	D	0.03%
NSA	C	0.03%
MAN	D	0.03%
MPW	C	0.03%
YETI	B	0.03%
LBTYA	A	0.03%
COTY	F	0.03%
LBTYK	A	0.03%
BROS	F	0.03%
GTES	C	0.03%
CHH	B	0.03%
IRDM	B	0.03%
EPR	C	0.03%
SMG	A	0.03%
NEU	F	0.03%
KMPR	D	0.03%
GFS	F	0.03%
SPR	D	0.03%
HUN	B	0.03%
MSGS	A	0.03%
MSM	D	0.03%
LEG	D	0.02%
BIRK	F	0.02%
QS	F	0.02%
VSTS	D	0.02%
FIVN	F	0.02%
PINC	F	0.02%
PPC	B	0.02%
ADT	D	0.02%
HAYW	B	0.02%
JWN	D	0.02%
RCM	B	0.02%
TXG	F	0.02%
MP	B	0.02%
LLYVK	A	0.02%
QDEL	D	0.02%
HHH	C	0.02%
DV	F	0.02%
SHC	C	0.02%
VIRT	B	0.02%
AZTA	F	0.02%
RNG	F	0.02%
AGR	C	0.02%
NCNO	F	0.02%
SAM	D	0.02%
CLVT	D	0.02%
RKT	C	0.02%
ALGM	F	0.02%
CACC	F	0.02%
PENN	D	0.02%
TDC	D	0.02%
APLS	F	0.02%
PK	D	0.02%
TFSL	F	0.01%
NFE	F	0.01%
LOAR	C	0.01%
UWMC	D	0.01%
UI	A	0.01%
DJT	F	0.01%
AS	B	0.01%
LLYVA	A	0.01%
PYCR	D	0.01%
CNA	D	0.01%
ALAB	D	0.01%
WOLF	F	0.01%
LBRDA	B	0.01%
CERT	F	0.01%
TRIP	F	0.01%
INFA	D	0.01%
UA	B	0.01%
FWONA	C	0.01%
FTRE	F	0.01%
SEG	D	0.0%
PARAA	D	0.0%
GRAL	F	0.0%
PLTK	C	0.0%

IWR Underweight 370 Positions Relative to FAB

Symbol	Grade	Weight
T	A	-0.48%
BRK.A	C	-0.47%
CMCSA	B	-0.45%
CVS	D	-0.44%
GM	D	-0.42%
EOG	B	-0.41%
PSX	D	-0.39%
AEP	C	-0.39%
CVX	B	-0.39%
MPC	F	-0.39%
CB	A	-0.38%
COP	D	-0.38%
KHC	D	-0.37%
F	D	-0.36%
COF	C	-0.36%
VLO	F	-0.36%
VZ	A	-0.36%
XOM	A	-0.34%
OXY	F	-0.34%
AIG	F	-0.33%
WFC	D	-0.32%
D	A	-0.29%
MHO	C	-0.29%
USB	C	-0.28%
DUK	A	-0.28%
SRE	A	-0.27%
GPI	C	-0.27%
DE	A	-0.27%
MTH	C	-0.26%
TMHC	C	-0.26%
RUSHA	D	-0.26%
TEL	D	-0.25%
KBH	C	-0.25%
JXN	A	-0.25%
C	B	-0.24%
BAC	D	-0.24%
CRBG	C	-0.24%
BTU	B	-0.24%
ASO	D	-0.23%
RDN	D	-0.23%
SIG	C	-0.23%
ESNT	C	-0.23%
ESGR	D	-0.22%
FDX	D	-0.22%
PYPL	C	-0.22%
VLY	C	-0.21%
LMT	A	-0.21%
HCA	B	-0.21%
NOG	F	-0.2%
PNC	C	-0.2%
TEX	F	-0.2%
TPH	C	-0.2%
NEE	A	-0.2%
LOW	A	-0.2%
BCC	C	-0.2%
COOP	B	-0.19%
BKH	C	-0.19%
GMS	C	-0.19%
CSCO	A	-0.19%
KDP	C	-0.19%
LBRT	F	-0.19%
INTC	D	-0.19%
MDT	B	-0.19%
SM	F	-0.19%
OGS	C	-0.19%
TRV	C	-0.19%
APD	C	-0.19%
TGT	C	-0.18%
ABG	D	-0.18%
CVI	F	-0.18%
MATX	C	-0.18%
MS	B	-0.18%
CADE	D	-0.18%
POR	C	-0.18%
GS	C	-0.18%
JNJ	D	-0.18%
CMC	D	-0.17%
PRG	C	-0.17%
MUR	F	-0.17%
HP	F	-0.17%
MLI	C	-0.16%
MGY	B	-0.16%
ADTN	B	-0.16%
UPS	D	-0.16%
UFPI	C	-0.15%
BZH	C	-0.15%
CCS	C	-0.15%
PTEN	F	-0.15%
URBN	F	-0.15%
CNX	A	-0.15%
ATSG	B	-0.14%
LZB	C	-0.14%
NWE	B	-0.14%
AEO	B	-0.14%
EBC	D	-0.14%
GHC	B	-0.14%
INVA	B	-0.14%
PBF	F	-0.14%
BNL	C	-0.14%
PHIN	C	-0.14%
NMIH	C	-0.14%
LGIH	C	-0.13%
ALGT	D	-0.13%
ENVA	D	-0.13%
SANM	D	-0.13%
IMKTA	F	-0.13%
GEF	D	-0.13%
WMK	D	-0.13%
HE	F	-0.13%
SR	C	-0.13%
UVV	D	-0.13%
EIG	B	-0.13%
ONB	D	-0.13%
AVA	D	-0.13%
NWN	C	-0.13%
TGNA	B	-0.13%
FCF	D	-0.12%
BKU	D	-0.12%
CXW	F	-0.12%
HPP	F	-0.12%
CALM	B	-0.12%
RLJ	D	-0.12%
GES	F	-0.12%
STBA	D	-0.12%
EFSC	D	-0.12%
CNO	C	-0.12%
CABO	F	-0.12%
NX	F	-0.12%
SBH	C	-0.12%
KOP	F	-0.12%
RYI	F	-0.12%
JBT	B	-0.12%
GDEN	D	-0.12%
VAL	F	-0.12%
FRME	D	-0.11%
FFBC	D	-0.11%
OLPX	C	-0.11%
CATY	D	-0.11%
SCHL	F	-0.11%
ARCH	D	-0.11%
HTZ	F	-0.11%
INDB	D	-0.11%
OCFC	C	-0.11%
DNOW	F	-0.11%
CUBI	F	-0.11%
AAT	C	-0.11%
RC	F	-0.11%
ADNT	D	-0.11%
GT	F	-0.1%
WMT	A	-0.1%
ANDE	D	-0.1%
LILAK	D	-0.1%
NKE	D	-0.1%
ABM	D	-0.1%
REZI	D	-0.1%
USM	C	-0.1%
BLK	A	-0.1%
PRDO	D	-0.1%
IBOC	D	-0.1%
HUBG	D	-0.1%
PFBC	D	-0.1%
ABCB	C	-0.1%
NAVI	D	-0.1%
VSH	F	-0.1%
CRK	B	-0.1%
WGO	D	-0.1%
WERN	D	-0.1%
UMBF	C	-0.1%
SAH	D	-0.1%
VSCO	C	-0.1%
SSB	C	-0.1%
ABR	C	-0.1%
REVG	D	-0.1%
ATKR	F	-0.1%
VBTX	C	-0.09%
CI	D	-0.09%
DAN	D	-0.09%
EPC	F	-0.09%
SLVM	C	-0.09%
MSGE	A	-0.09%
HWC	D	-0.09%
MATW	F	-0.09%
ASGN	D	-0.09%
SWX	C	-0.09%
SSTK	F	-0.09%
PDCO	F	-0.09%
ABT	B	-0.09%
SASR	C	-0.09%
NJR	C	-0.09%
FBNC	D	-0.09%
CENTA	F	-0.09%
PATK	C	-0.09%
CENX	B	-0.09%
CRC	B	-0.09%
MDLZ	C	-0.09%
HOMB	D	-0.09%
UBSI	D	-0.09%
PEBO	F	-0.09%
JCI	B	-0.09%
OMCL	C	-0.08%
AX	D	-0.08%
ADV	F	-0.08%
FIBK	D	-0.08%
CBRL	D	-0.08%
HGV	F	-0.08%
APOG	B	-0.08%
KMT	C	-0.08%
UNF	A	-0.08%
BXC	D	-0.08%
CTOS	F	-0.08%
FHI	C	-0.08%
ELV	F	-0.08%
AMN	F	-0.08%
TALO	F	-0.08%
NWBI	D	-0.08%
BECN	F	-0.08%
CASH	D	-0.08%
HOPE	D	-0.08%
LGND	D	-0.08%
ENS	D	-0.08%
MCRI	B	-0.08%
REGN	D	-0.08%
JELD	D	-0.08%
PNM	B	-0.08%
BANR	C	-0.08%
OFG	D	-0.08%
BKE	D	-0.08%
OI	D	-0.08%
OMI	F	-0.08%
KMB	B	-0.08%
GD	A	-0.08%
PARR	F	-0.08%
SFNC	C	-0.08%
TOWN	D	-0.08%
RIG	F	-0.07%
CHGG	F	-0.07%
MRTN	F	-0.07%
MODG	F	-0.07%
KOS	F	-0.07%
HTLD	F	-0.07%
QCOM	D	-0.07%
ICUI	B	-0.07%
ODP	F	-0.07%
ARCB	D	-0.07%
EQC	D	-0.07%
CMCO	D	-0.07%
NMRK	A	-0.07%
KN	C	-0.07%
RNST	D	-0.07%
ECVT	F	-0.07%
WSBC	D	-0.07%
NBHC	D	-0.07%
SJW	D	-0.07%
WSFS	D	-0.07%
LCII	B	-0.06%
CPK	C	-0.06%
VCTR	B	-0.06%
PRIM	C	-0.06%
CSGS	C	-0.06%
CNXN	C	-0.06%
GTY	C	-0.06%
MCY	B	-0.06%
OEC	F	-0.06%
WAFD	D	-0.06%
SKY	B	-0.06%
BDC	B	-0.06%
DORM	C	-0.06%
ROIC	C	-0.06%
DIOD	F	-0.06%
GEO	F	-0.06%
ZD	D	-0.06%
DEI	A	-0.06%
HELE	D	-0.06%
PLUS	C	-0.06%
VRTS	F	-0.06%
MLKN	F	-0.06%
BXMT	C	-0.05%
PCH	C	-0.05%
TRS	D	-0.05%
AVNT	C	-0.05%
HTH	D	-0.05%
LNN	C	-0.05%
PCRX	F	-0.05%
PTVE	D	-0.05%
CVBF	B	-0.05%
PBH	D	-0.05%
EAT	A	-0.05%
HLF	F	-0.05%
XHR	B	-0.05%
TRMK	D	-0.05%
FULT	D	-0.05%
BUSE	D	-0.05%
TCBK	D	-0.05%
KLG	D	-0.05%
SRCE	D	-0.05%
DEA	D	-0.05%
SNEX	C	-0.05%
SAFT	D	-0.05%
DFIN	C	-0.05%
CWT	D	-0.05%
GOGO	F	-0.05%
SBCF	D	-0.05%
UCBI	B	-0.05%
PSMT	B	-0.05%
AUB	D	-0.05%
ALEX	D	-0.05%
NIC	D	-0.05%
NHC	D	-0.05%
TCBI	C	-0.05%
LANC	F	-0.04%
KALU	D	-0.04%
STRA	F	-0.04%
SIGI	D	-0.04%
SEM	D	-0.04%
FOXF	F	-0.04%
BLMN	F	-0.04%
KWR	D	-0.04%
SHEN	F	-0.04%
FUL	F	-0.04%
MTX	B	-0.04%
SUM	D	-0.04%
NEOG	D	-0.04%
MMS	B	-0.04%
PGRE	D	-0.03%
PPBI	F	-0.03%
HMN	B	-0.03%
KFY	C	-0.03%
NNI	C	-0.03%
LXP	D	-0.03%
GNW	C	-0.03%
ADUS	D	-0.03%
NBTB	D	-0.03%
FBP	D	-0.03%
WD	C	-0.03%
THS	C	-0.03%
SHOO	A	-0.03%
JBGS	C	-0.03%
HNI	B	-0.03%
BHLB	D	-0.03%
FBK	D	-0.03%
MWA	A	-0.03%
STC	C	-0.03%
CBU	D	-0.03%
ATUS	B	-0.03%
CVCO	B	-0.03%
BMBL	F	-0.03%
PFS	D	-0.03%
BOOT	A	-0.03%
LTH	C	-0.03%
PLXS	B	-0.03%
FDP	C	-0.03%
HI	F	-0.02%
DK	F	-0.02%
WOR	F	-0.02%
OXM	F	-0.02%
XRX	D	-0.02%
ROG	D	-0.02%
SCL	D	-0.02%
CMTG	F	-0.02%
CTS	B	-0.02%
VSAT	F	-0.02%
THRM	F	-0.02%
KFRC	F	-0.02%
NVEE	F	-0.02%
ASB	F	-0.02%
CAKE	A	-0.02%
AIN	F	-0.02%
APAM	C	-0.02%
OII	D	-0.02%
IART	F	-0.01%