IWR vs. IMCG ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares Morningstar Mid-Cap Growth ETF (IMCG)

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

$93.49

Average Daily Volume

1,460,358

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

IMCG

iShares Morningstar Mid-Cap Growth ETF

IMCG Description

The investment seeks to track the investment results of the Morningstar® US Mid Cap Broad Growth IndexSM composed of mid-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. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average "growth" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.87

Average Daily Volume

131,085

Number of Holdings ^*

299

* may have additional holdings in another (foreign) market

Performance

Period	IWR	IMCG
30 Days	5.29%	6.52%
60 Days	7.26%	9.36%
90 Days	8.75%	11.15%
12 Months	32.54%	33.38%

277 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in IMCG	Overlap
	A	D	0.31%	0.65%	0.31%
	ACGL	C	0.3%	0.21%	0.21%
	ACM	B	0.12%	0.16%	0.12%
	AFG	A	0.08%	0.07%	0.07%
	AKAM	D	0.11%	0.1%	0.1%
	ALAB	B	0.02%	0.04%	0.02%
	ALB	B	0.1%	0.11%	0.1%
	ALGN	D	0.14%	0.19%	0.14%
	ALL	A	0.43%	0.38%	0.38%
	ALLE	C	0.1%	0.13%	0.1%
	ALNY	D	0.24%	0.52%	0.24%
	AME	A	0.37%	0.78%	0.37%
	AMH	C	0.1%	0.21%	0.1%
	AMP	A	0.46%	0.65%	0.46%
	ANSS	B	0.24%	0.5%	0.24%
	AOS	F	0.07%	0.11%	0.07%
	APP	B	0.63%	1.05%	0.63%
	APTV	F	0.12%	0.11%	0.11%
	ARE	F	0.15%	0.08%	0.08%
	ARES	A	0.25%	0.54%	0.25%
	AVB	B	0.27%	0.28%	0.27%
	AVTR	F	0.12%	0.14%	0.12%
	AVY	F	0.13%	0.14%	0.13%
	AWK	C	0.22%	0.23%	0.22%
	AXON	A	0.35%	0.75%	0.35%
	AZPN	A	0.05%	0.12%	0.05%
	BAH	F	0.16%	0.26%	0.16%
	BALL	F	0.15%	0.19%	0.15%
	BJ	A	0.1%	0.08%	0.08%
	BKR	A	0.35%	0.38%	0.35%
	BLD	D	0.09%	0.11%	0.09%
	BLDR	D	0.17%	0.18%	0.17%
	BMRN	F	0.1%	0.21%	0.1%
	BR	A	0.22%	0.47%	0.22%
	BRKR	D	0.05%	0.08%	0.05%
	BRO	B	0.22%	0.47%	0.22%
	BSY	F	0.05%	0.11%	0.05%
	BURL	B	0.14%	0.3%	0.14%
	CASY	A	0.12%	0.18%	0.12%
	CBRE	B	0.33%	0.43%	0.33%
	CCK	D	0.09%	0.07%	0.07%
	CDW	F	0.2%	0.42%	0.2%
	CE	F	0.07%	0.08%	0.07%
	CELH	F	0.04%	0.07%	0.04%
	CHD	A	0.22%	0.47%	0.22%
	CHDN	B	0.08%	0.17%	0.08%
	CINF	A	0.19%	0.16%	0.16%
	CLH	C	0.1%	0.22%	0.1%
	CLX	A	0.17%	0.23%	0.17%
	CMI	A	0.41%	0.58%	0.41%
	CMS	C	0.17%	0.12%	0.12%
	CNM	D	0.07%	0.13%	0.07%
	COIN	C	0.5%	1.05%	0.5%
	COO	D	0.16%	0.25%	0.16%
	COR	B	0.33%	0.39%	0.33%
	COTY	F	0.02%	0.04%	0.02%
	CPAY	A	0.2%	0.33%	0.2%
	CPNG	D	0.23%	0.33%	0.23%
	CPT	B	0.1%	0.1%	0.1%
	CRL	D	0.08%	0.11%	0.08%
	CSGP	D	0.24%	0.51%	0.24%
	CSL	C	0.17%	0.36%	0.17%
	CTRA	B	0.16%	0.13%	0.13%
	CTVA	C	0.32%	0.3%	0.3%
	DAL	B	0.34%	0.32%	0.32%
	DAY	B	0.09%	0.2%	0.09%
	DD	C	0.28%	0.28%	0.28%
	DDOG	A	0.31%	0.65%	0.31%
	DECK	A	0.22%	0.47%	0.22%
	DFS	B	0.36%	0.44%	0.36%
	DKNG	B	0.15%	0.18%	0.15%
	DKS	D	0.09%	0.09%	0.09%
	DLR	B	0.48%	0.74%	0.48%
	DLTR	F	0.11%	0.1%	0.1%
	DOCU	B	0.13%	0.28%	0.13%
	DOV	A	0.23%	0.34%	0.23%
	DOW	F	0.26%	0.23%	0.23%
	DPZ	C	0.12%	0.26%	0.12%
	DRI	B	0.16%	0.17%	0.16%
	DT	D	0.13%	0.25%	0.13%
	DVA	C	0.07%	0.07%	0.07%
	DXCM	C	0.25%	0.53%	0.25%
	EA	A	0.36%	0.49%	0.36%
	EBAY	D	0.26%	0.2%	0.2%
	EFX	F	0.25%	0.53%	0.25%
	ELS	C	0.11%	0.14%	0.11%
	EME	A	0.19%	0.41%	0.19%
	ENPH	F	0.06%	0.14%	0.06%
	ENTG	D	0.12%	0.16%	0.12%
	EPAM	B	0.11%	0.12%	0.11%
	EQR	C	0.23%	0.18%	0.18%
	EQT	B	0.21%	0.27%	0.21%
	ESS	B	0.16%	0.16%	0.16%
	EXAS	D	0.07%	0.16%	0.07%
	EXPE	B	0.19%	0.21%	0.19%
	EXR	C	0.28%	0.21%	0.21%
	FAST	B	0.39%	0.82%	0.39%
	FCNCA	A	0.22%	0.48%	0.22%
	FDS	B	0.15%	0.32%	0.15%
	FFIV	B	0.11%	0.1%	0.1%
	FICO	B	0.44%	0.97%	0.44%
	FIX	A	0.13%	0.28%	0.13%
	FND	D	0.09%	0.19%	0.09%
	FSLR	F	0.17%	0.34%	0.17%
	FTV	C	0.22%	0.32%	0.22%
	FWONA	A	0.01%	0.03%	0.01%
	FWONK	A	0.14%	0.3%	0.14%
	GDDY	A	0.21%	0.43%	0.21%
	GEHC	D	0.31%	0.25%	0.25%
	GEN	B	0.13%	0.16%	0.13%
	GGG	B	0.12%	0.26%	0.12%
	GPC	D	0.14%	0.13%	0.13%
	GPN	B	0.24%	0.21%	0.21%
	GRMN	B	0.27%	0.36%	0.27%
	GWW	B	0.42%	0.92%	0.42%
	HAL	C	0.22%	0.25%	0.22%
	HEI	A	0.1%	0.2%	0.1%
	HEI	A	0.14%	0.28%	0.14%
	HEI	A	0.1%	0.28%	0.1%
	HEI	A	0.14%	0.2%	0.14%
	HES	B	0.33%	0.71%	0.33%
	HII	F	0.06%	0.08%	0.06%
	HLT	A	0.5%	1.06%	0.5%
	HOOD	B	0.18%	0.29%	0.18%
	HRL	D	0.07%	0.05%	0.05%
	HSY	F	0.21%	0.24%	0.21%
	HUBB	B	0.19%	0.41%	0.19%
	HUBS	A	0.27%	0.6%	0.27%
	HWM	A	0.37%	0.8%	0.37%
	IBKR	A	0.16%	0.33%	0.16%
	IDXX	F	0.29%	0.61%	0.29%
	IEX	C	0.14%	0.3%	0.14%
	ILMN	C	0.18%	0.37%	0.18%
	INCY	C	0.1%	0.12%	0.1%
	INVH	D	0.17%	0.34%	0.17%
	IQV	F	0.29%	0.39%	0.29%
	IR	B	0.34%	0.72%	0.34%
	IRM	C	0.28%	0.3%	0.28%
	IT	C	0.32%	0.7%	0.32%
	J	D	0.14%	0.2%	0.14%
	JBHT	C	0.12%	0.16%	0.12%
	JBL	C	0.12%	0.14%	0.12%
	JKHY	D	0.1%	0.22%	0.1%
	KEYS	A	0.21%	0.21%	0.21%
	KIM	A	0.14%	0.21%	0.14%
	KMX	B	0.1%	0.12%	0.1%
	LDOS	C	0.18%	0.15%	0.15%
	LECO	C	0.09%	0.21%	0.09%
	LII	A	0.16%	0.34%	0.16%
	LNG	A	0.4%	0.26%	0.26%
	LPLA	A	0.19%	0.41%	0.19%
	LUV	C	0.16%	0.15%	0.15%
	LVS	B	0.14%	0.34%	0.14%
	LW	C	0.09%	0.19%	0.09%
	LYV	A	0.17%	0.33%	0.17%
	MAA	B	0.15%	0.12%	0.12%
	MANH	D	0.14%	0.29%	0.14%
	MAS	D	0.14%	0.13%	0.13%
	MCHP	F	0.27%	0.25%	0.25%
	MDB	B	0.16%	0.35%	0.16%
	MEDP	D	0.07%	0.14%	0.07%
	MGM	D	0.07%	0.07%	0.07%
	MKC	C	0.15%	0.17%	0.15%
	MKL	A	0.18%	0.24%	0.18%
	MLM	C	0.29%	0.63%	0.29%
	MOH	F	0.14%	0.17%	0.14%
	MORN	B	0.07%	0.16%	0.07%
	MPWR	F	0.22%	0.47%	0.22%
	MSCI	C	0.38%	0.82%	0.38%
	MSTR	B	0.44%	0.63%	0.44%
	MTD	F	0.21%	0.44%	0.21%
	NBIX	C	0.1%	0.21%	0.1%
	NDAQ	A	0.27%	0.21%	0.21%
	NDSN	B	0.12%	0.23%	0.12%
	NET	B	0.22%	0.47%	0.22%
	NRG	B	0.16%	0.12%	0.12%
	NTAP	C	0.2%	0.22%	0.2%
	NTNX	B	0.14%	0.3%	0.14%
	NTRA	A	0.14%	0.31%	0.14%
	NVT	B	0.1%	0.21%	0.1%
	O	C	0.41%	0.29%	0.29%
	ODFL	C	0.35%	0.72%	0.35%
	OKTA	C	0.1%	0.21%	0.1%
	ON	D	0.23%	0.18%	0.18%
	OTIS	C	0.33%	0.42%	0.33%
	PAYC	B	0.09%	0.19%	0.09%
	PAYX	B	0.38%	0.81%	0.38%
	PCG	A	0.37%	0.33%	0.33%
	PCOR	B	0.06%	0.1%	0.06%
	PFGC	B	0.11%	0.23%	0.11%
	PHM	D	0.22%	0.2%	0.2%
	PINS	F	0.14%	0.16%	0.14%
	PLTR	B	1.09%	2.29%	1.09%
	PNR	A	0.14%	0.22%	0.14%
	PODD	C	0.15%	0.32%	0.15%
	POOL	C	0.11%	0.12%	0.11%
	PPG	F	0.24%	0.2%	0.2%
	PSTG	D	0.12%	0.26%	0.12%
	PTC	B	0.19%	0.4%	0.19%
	PWR	A	0.39%	0.82%	0.39%
	QRVO	F	0.05%	0.06%	0.05%
	RBLX	C	0.21%	0.46%	0.21%
	RCL	A	0.45%	0.66%	0.45%
	REG	A	0.11%	0.08%	0.08%
	RJF	A	0.25%	0.32%	0.25%
	RMD	C	0.28%	0.6%	0.28%
	ROK	C	0.27%	0.57%	0.27%
	ROL	B	0.12%	0.26%	0.12%
	ROST	D	0.38%	0.8%	0.38%
	RPM	A	0.14%	0.2%	0.14%
	RRX	B	0.09%	0.11%	0.09%
	RVTY	F	0.11%	0.1%	0.1%
	SAIA	B	0.11%	0.24%	0.11%
	SBAC	D	0.2%	0.42%	0.2%
	SCI	B	0.1%	0.12%	0.1%
	SMCI	F	0.08%	0.16%	0.08%
	SNA	A	0.15%	0.11%	0.11%
	SQ	A	0.39%	0.81%	0.39%
	SRPT	F	0.08%	0.17%	0.08%
	STE	D	0.18%	0.38%	0.18%
	SUI	C	0.13%	0.27%	0.13%
	SWK	D	0.11%	0.11%	0.11%
	SYY	D	0.31%	0.65%	0.31%
	TDY	B	0.18%	0.21%	0.18%
	TECH	F	0.09%	0.19%	0.09%
	TER	F	0.13%	0.14%	0.13%
	TFX	F	0.08%	0.06%	0.06%
	TOL	B	0.13%	0.1%	0.1%
	TPL	A	0.21%	0.46%	0.21%
	TRGP	A	0.35%	0.32%	0.32%
	TRMB	B	0.14%	0.2%	0.14%
	TRU	D	0.15%	0.32%	0.15%
	TSCO	D	0.24%	0.37%	0.24%
	TSN	B	0.15%	0.16%	0.15%
	TTD	B	0.43%	0.92%	0.43%
	TTEK	F	0.09%	0.19%	0.09%
	TTWO	A	0.25%	0.51%	0.25%
	TW	A	0.12%	0.26%	0.12%
	TWLO	A	0.14%	0.28%	0.14%
	TXT	D	0.13%	0.14%	0.13%
	TYL	B	0.21%	0.44%	0.21%
	U	C	0.04%	0.09%	0.04%
	UDR	B	0.12%	0.14%	0.12%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.05%	0.05%	0.05%
	UHAL	D	0.0%	0.05%	0.0%
	UHAL	D	0.05%	0.0%	0.0%
	UHS	D	0.1%	0.1%	0.1%
	ULTA	F	0.14%	0.15%	0.14%
	URI	C	0.46%	0.46%	0.46%
	USFD	A	0.12%	0.13%	0.12%
	VEEV	C	0.26%	0.55%	0.26%
	VLTO	C	0.21%	0.25%	0.21%
	VMC	B	0.3%	0.65%	0.3%
	VRSK	A	0.33%	0.7%	0.33%
	VRSN	C	0.13%	0.27%	0.13%
	VRT	B	0.36%	0.76%	0.36%
	VST	A	0.4%	0.5%	0.4%
	VTR	B	0.21%	0.16%	0.16%
	WAB	B	0.28%	0.6%	0.28%
	WAT	C	0.17%	0.24%	0.17%
	WING	D	0.08%	0.16%	0.08%
	WLK	D	0.03%	0.03%	0.03%
	WMS	F	0.08%	0.16%	0.08%
	WRB	A	0.15%	0.19%	0.15%
	WSM	C	0.14%	0.18%	0.14%
	WSO	A	0.15%	0.32%	0.15%
	WST	C	0.19%	0.4%	0.19%
	WTRG	B	0.08%	0.05%	0.05%
	WTW	B	0.26%	0.28%	0.26%
	WYNN	C	0.08%	0.15%	0.08%
	XPO	B	0.14%	0.2%	0.14%
	XYL	D	0.24%	0.51%	0.24%
	YUM	D	0.31%	0.65%	0.31%
	ZBH	C	0.19%	0.2%	0.19%
	ZBRA	B	0.16%	0.26%	0.16%
	ZS	B	0.15%	0.32%	0.15%

IWR Overweight 530 Positions Relative to IMCG

	Symbol	Grade	Weight
	WMB	A	0.57%
	OKE	A	0.53%
	AJG	A	0.52%
	AFL	B	0.51%
	BK	A	0.48%
	SPG	A	0.48%
	KMI	A	0.44%
	FIS	C	0.41%
	DHI	F	0.39%
	KVUE	A	0.38%
	PRU	A	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	CCI	C	0.37%
	LEN	D	0.33%
	FERG	B	0.33%
	CTSH	B	0.32%
	KR	B	0.32%
	XEL	A	0.32%
	EXC	C	0.32%
	HPQ	B	0.3%
	CHTR	C	0.3%
	NUE	C	0.29%
	GIS	D	0.29%
	GLW	B	0.29%
	MTB	A	0.29%
	ED	C	0.28%
	HIG	B	0.28%
	VICI	C	0.27%
	HUM	C	0.27%
	FANG	C	0.27%
	WEC	A	0.26%
	ETR	B	0.26%
	EIX	B	0.26%
	FITB	B	0.26%
	UAL	A	0.25%
	CNC	D	0.25%
	STT	B	0.24%
	CAH	B	0.24%
	HPE	B	0.23%
	SW	A	0.22%
	PPL	A	0.21%
	ADM	D	0.21%
	HBAN	A	0.21%
	SYF	B	0.21%
	NVR	D	0.21%
	TROW	B	0.21%
	CVNA	B	0.21%
	FE	C	0.2%
	DVN	F	0.2%
	RF	A	0.2%
	CCL	A	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	WY	F	0.19%
	BIIB	F	0.19%
	ZM	C	0.18%
	NTRS	A	0.18%
	LYB	F	0.18%
	EXE	A	0.18%
	ES	C	0.18%
	ATO	A	0.18%
	IFF	D	0.18%
	WBD	B	0.18%
	WDC	D	0.17%
	STLD	B	0.17%
	PKG	A	0.17%
	CBOE	C	0.17%
	K	A	0.17%
	CFG	B	0.17%
	CNP	A	0.16%
	LH	B	0.16%
	PFG	D	0.16%
	BBY	D	0.16%
	IP	A	0.16%
	RS	B	0.15%
	KEY	B	0.15%
	DGX	A	0.15%
	HOLX	D	0.15%
	TOST	B	0.15%
	OMC	C	0.15%
	NI	A	0.14%
	DG	F	0.14%
	OC	A	0.14%
	EXPD	C	0.14%
	VTRS	A	0.13%
	FNF	B	0.13%
	RGA	A	0.13%
	LNT	A	0.13%
	GWRE	A	0.13%
	SSNC	B	0.13%
	UTHR	C	0.13%
	CF	A	0.13%
	EG	C	0.13%
	MRO	B	0.13%
	BAX	F	0.13%
	SOFI	B	0.12%
	EQH	C	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	DOC	C	0.12%
	AMCR	C	0.12%
	THC	D	0.12%
	L	A	0.12%
	CHRW	B	0.11%
	GLPI	C	0.11%
	JEF	A	0.11%
	AFRM	A	0.11%
	TPR	B	0.11%
	TXRH	B	0.11%
	RNR	C	0.11%
	SWKS	F	0.11%
	CW	C	0.11%
	BWXT	B	0.1%
	OVV	B	0.1%
	Z	A	0.1%
	UNM	A	0.1%
	EMN	C	0.1%
	JNPR	D	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	C	0.1%
	BXP	C	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	COHR	B	0.1%
	CAG	F	0.1%
	BG	D	0.1%
	WBS	A	0.09%
	PRI	B	0.09%
	CACI	D	0.09%
	PNW	A	0.09%
	FOXA	A	0.09%
	GNRC	C	0.09%
	CTLT	C	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	CUBE	C	0.09%
	NWSA	A	0.09%
	LAMR	C	0.09%
	TAP	C	0.09%
	SJM	D	0.09%
	ATR	B	0.09%
	CG	B	0.09%
	AA	A	0.09%
	FHN	A	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	OWL	A	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%
	INGR	C	0.08%
	ORI	A	0.08%
	SOLV	D	0.08%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	A	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CNH	C	0.08%
	DOX	D	0.08%
	CIEN	C	0.08%
	MKTX	D	0.08%
	PR	B	0.08%
	GL	C	0.08%
	HLI	A	0.08%
	WAL	B	0.08%
	LBRDK	C	0.08%
	ARMK	B	0.08%
	EHC	B	0.08%
	MUSA	B	0.08%
	DTM	A	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	ALLY	C	0.08%
	AES	F	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	F	0.08%
	EXP	B	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	IPG	D	0.08%
	ALSN	B	0.08%
	WWD	C	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	B	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	C	0.07%
	APG	B	0.07%
	APA	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CPB	D	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	D	0.07%
	HRB	D	0.07%
	RL	C	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	LNW	F	0.07%
	NYT	D	0.07%
	MTZ	B	0.07%
	TTC	C	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	B	0.07%
	ZION	B	0.07%
	OGE	A	0.07%
	ITCI	C	0.07%
	FYBR	C	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	CMA	B	0.07%
	BRX	A	0.07%
	SNX	D	0.07%
	PCTY	C	0.07%
	ROKU	D	0.07%
	KNX	C	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%
	REXR	F	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	H	B	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	B	0.06%
	CGNX	D	0.06%
	FCN	F	0.06%
	BPOP	C	0.06%
	MTSI	B	0.06%
	MASI	B	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	D	0.06%
	ATI	C	0.06%
	FRPT	A	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	ESAB	C	0.06%
	MKSI	C	0.06%
	AGNC	C	0.06%
	GTLB	B	0.06%
	BBWI	C	0.06%
	OSK	C	0.06%
	VNO	C	0.06%
	S	B	0.06%
	LPX	B	0.06%
	MIDD	C	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RLI	A	0.06%
	RYAN	A	0.06%
	WEX	D	0.06%
	PB	B	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	B	0.06%
	SMAR	B	0.06%
	RHI	C	0.06%
	JAZZ	B	0.06%
	ADC	A	0.06%
	SSD	F	0.06%
	OLED	F	0.06%
	NNN	C	0.06%
	BERY	C	0.06%
	ONTO	F	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	D	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	PVH	C	0.05%
	FOX	A	0.05%
	JHG	B	0.05%
	ETSY	D	0.05%
	CROX	D	0.05%
	AGCO	D	0.05%
	THG	A	0.05%
	VNT	C	0.05%
	AMG	B	0.05%
	LFUS	D	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	A	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	C	0.05%
	COLD	D	0.05%
	SITE	F	0.05%
	OMF	A	0.05%
	ESI	B	0.05%
	SIRI	C	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	F	0.05%
	KD	B	0.05%
	WSC	F	0.05%
	MTG	C	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	B	0.05%
	LSTR	D	0.05%
	ELF	C	0.05%
	DBX	B	0.05%
	FAF	A	0.05%
	STAG	D	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	B	0.05%
	DINO	D	0.05%
	M	F	0.04%
	GAP	C	0.04%
	KMPR	A	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	KRC	B	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	C	0.04%
	RH	C	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	F	0.04%
	OLN	F	0.04%
	TKR	D	0.04%
	SON	F	0.04%
	BYD	B	0.04%
	NXST	C	0.04%
	INSP	D	0.04%
	UGI	C	0.04%
	AL	B	0.04%
	BROS	A	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	POST	C	0.04%
	SLM	A	0.04%
	LNC	C	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	F	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	C	0.03%
	SMG	C	0.03%
	PENN	C	0.03%
	VAC	C	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	D	0.03%
	NCNO	C	0.03%
	IRDM	D	0.03%
	EPR	C	0.03%
	ZG	A	0.03%
	HIW	C	0.03%
	PII	F	0.03%
	ACHC	F	0.03%
	FHB	B	0.03%
	IAC	F	0.03%
	NVST	B	0.03%
	SPR	D	0.03%
	W	D	0.03%
	TNL	A	0.03%
	NWS	A	0.03%
	NWL	C	0.03%
	PRGO	C	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	NEU	D	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	F	0.03%
	PEGA	B	0.03%
	OGN	F	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	FLO	D	0.03%
	RARE	F	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	F	0.02%
	UAA	C	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	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	A	0.02%
	AAP	D	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	D	0.02%
	PINC	B	0.02%
	ALGM	D	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%
	AGR	A	0.02%
	BOKF	B	0.02%
	WU	F	0.02%
	CXT	C	0.02%
	APLS	F	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	COLM	C	0.02%
	VIRT	A	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	F	0.02%
	PAG	B	0.02%
	RNG	C	0.02%
	SNRE	D	0.02%
	NSA	C	0.02%
	LLYVK	A	0.02%
	PK	C	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	B	0.01%
	CWEN	C	0.01%
	CNA	C	0.01%
	AS	A	0.01%
	CERT	F	0.01%
	PYCR	B	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	UI	B	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%
	UA	C	0.01%
	CLVT	D	0.01%
	LEN	D	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	B	0.0%
	NFE	D	0.0%

IWR Underweight 26 Positions Relative to IMCG

	Symbol	Grade	Weight
	ADSK	A	-1.12%
	FTNT	C	-1.07%
	WDAY	B	-0.96%
	AZO	C	-0.92%
	DASH	B	-0.91%
	CPRT	B	-0.86%
	GEV	B	-0.82%
	EW	C	-0.71%
	TEAM	A	-0.66%
	CARR	C	-0.64%
	LULU	C	-0.62%
	JCI	B	-0.58%
	NEM	D	-0.47%
	TRV	B	-0.45%
	PSA	C	-0.44%
	TEL	B	-0.42%
	D	C	-0.37%
	STZ	D	-0.36%
	KMB	C	-0.28%
	EL	F	-0.26%
	DELL	B	-0.26%
	KDP	F	-0.21%
	SNAP	D	-0.2%
	ERIE	D	-0.18%
	FLEX	B	-0.09%
	MRNA	F	-0.09%

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

IMCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Diagnostics & Research Business Services REIT - Residential Specialty Retail Biotechnology Engineering & Construction Software - Infrastructure Capital Markets Insurance - Property & Casualty Building Materials Household & Personal Products Medical Instruments & Supplies Scientific & Technical Instruments Semiconductors Specialty Chemicals Aerospace & Defense Information Technology Services Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Aerospace Real Estate Investment Trust Electronics Beverage Cloud Computing IBD 50 Insurance Mining Natural Gas Chemical Cloud Infrastructure Software As A Service Oil And Gas Semiconductor Medicine Retailing Telecommunications