IWR vs. IUS ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Invesco Strategic US ETF (IUS)

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 ^*

803

* may have additional holdings in another (foreign) market

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.90

Average Daily Volume

54,445

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	IWR	IUS
30 Days	1.88%	0.30%
60 Days	5.27%	2.47%
90 Days	7.98%	4.37%
12 Months	30.38%	25.44%

334 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in IUS	Overlap
	A	F	0.31%	0.05%	0.05%
	AA	A	0.09%	0.04%	0.04%
	AAL	B	0.08%	0.03%	0.03%
	AAP	D	0.02%	0.02%	0.02%
	ACGL	D	0.3%	0.11%	0.11%
	ACI	C	0.07%	0.12%	0.07%
	ACM	B	0.12%	0.05%	0.05%
	ADM	D	0.21%	0.27%	0.21%
	AES	F	0.08%	0.04%	0.04%
	AFG	A	0.08%	0.05%	0.05%
	AGCO	F	0.05%	0.04%	0.04%
	AIZ	A	0.09%	0.06%	0.06%
	AKAM	F	0.11%	0.04%	0.04%
	ALB	B	0.1%	0.05%	0.05%
	ALGN	D	0.14%	0.03%	0.03%
	ALL	A	0.43%	0.25%	0.25%
	AMCR	D	0.12%	0.07%	0.07%
	AME	A	0.37%	0.06%	0.06%
	AMG	C	0.05%	0.04%	0.04%
	AMKR	F	0.02%	0.03%	0.02%
	AN	D	0.03%	0.05%	0.03%
	ANSS	B	0.24%	0.03%	0.03%
	AOS	F	0.07%	0.02%	0.02%
	APA	F	0.07%	0.05%	0.05%
	APP	A	0.63%	0.09%	0.09%
	APTV	F	0.12%	0.06%	0.06%
	AR	B	0.07%	0.04%	0.04%
	ARMK	C	0.08%	0.05%	0.05%
	ARW	F	0.05%	0.08%	0.05%
	AVT	C	0.04%	0.06%	0.04%
	AVTR	F	0.12%	0.03%	0.03%
	AVY	D	0.13%	0.03%	0.03%
	BAH	D	0.16%	0.04%	0.04%
	BALL	D	0.15%	0.05%	0.05%
	BAX	F	0.13%	0.07%	0.07%
	BBY	D	0.16%	0.14%	0.14%
	BC	D	0.04%	0.03%	0.03%
	BEN	C	0.05%	0.03%	0.03%
	BERY	D	0.06%	0.06%	0.06%
	BG	D	0.1%	0.13%	0.1%
	BIIB	F	0.19%	0.05%	0.05%
	BJ	B	0.1%	0.05%	0.05%
	BKR	B	0.35%	0.17%	0.17%
	BLDR	D	0.17%	0.12%	0.12%
	BR	B	0.22%	0.04%	0.04%
	BRO	B	0.22%	0.03%	0.03%
	BURL	A	0.14%	0.04%	0.04%
	BWA	D	0.06%	0.05%	0.05%
	CACI	C	0.09%	0.04%	0.04%
	CAG	F	0.1%	0.06%	0.06%
	CAH	B	0.24%	0.48%	0.24%
	CAR	C	0.01%	0.07%	0.01%
	CASY	A	0.12%	0.05%	0.05%
	CBOE	C	0.17%	0.03%	0.03%
	CBRE	B	0.33%	0.14%	0.14%
	CCK	D	0.09%	0.05%	0.05%
	CCL	A	0.2%	0.11%	0.11%
	CDW	F	0.2%	0.06%	0.06%
	CE	F	0.07%	0.03%	0.03%
	CF	A	0.13%	0.09%	0.09%
	CHD	A	0.22%	0.04%	0.04%
	CHRD	F	0.07%	0.04%	0.04%
	CHRW	B	0.11%	0.08%	0.08%
	CHTR	B	0.3%	0.34%	0.3%
	CINF	A	0.19%	0.1%	0.1%
	CIVI	D	0.04%	0.04%	0.04%
	CLF	F	0.04%	0.06%	0.04%
	CLX	A	0.17%	0.04%	0.04%
	CMI	A	0.41%	0.16%	0.16%
	CMS	C	0.17%	0.06%	0.06%
	CNC	F	0.25%	0.33%	0.25%
	CNM	C	0.07%	0.02%	0.02%
	CNP	A	0.16%	0.09%	0.09%
	COHR	B	0.1%	0.05%	0.05%
	COR	B	0.33%	0.45%	0.33%
	CPAY	A	0.2%	0.06%	0.06%
	CPB	D	0.07%	0.03%	0.03%
	CPNG	D	0.23%	0.05%	0.05%
	CPRI	F	0.02%	0.02%	0.02%
	CSGP	F	0.24%	0.02%	0.02%
	CSL	C	0.17%	0.05%	0.05%
	CTRA	B	0.16%	0.12%	0.12%
	CTSH	C	0.32%	0.14%	0.14%
	CTVA	C	0.32%	0.13%	0.13%
	CZR	F	0.07%	0.05%	0.05%
	DAL	A	0.34%	0.05%	0.05%
	DAR	B	0.06%	0.03%	0.03%
	DD	D	0.28%	0.14%	0.14%
	DECK	A	0.22%	0.03%	0.03%
	DG	F	0.14%	0.07%	0.07%
	DGX	A	0.15%	0.07%	0.07%
	DHI	D	0.39%	0.17%	0.17%
	DINO	D	0.05%	0.09%	0.05%
	DKS	D	0.09%	0.06%	0.06%
	DLTR	F	0.11%	0.06%	0.06%
	DOV	B	0.23%	0.05%	0.05%
	DOW	F	0.26%	0.19%	0.19%
	DOX	D	0.08%	0.04%	0.04%
	DRI	C	0.16%	0.06%	0.06%
	DTE	C	0.2%	0.1%	0.1%
	DVA	C	0.07%	0.05%	0.05%
	DVN	F	0.2%	0.12%	0.12%
	DXC	D	0.03%	0.09%	0.03%
	DXCM	C	0.25%	0.02%	0.02%
	EA	A	0.36%	0.1%	0.1%
	EBAY	D	0.26%	0.12%	0.12%
	ED	C	0.28%	0.14%	0.14%
	EFX	F	0.25%	0.04%	0.04%
	EG	D	0.13%	0.09%	0.09%
	ELAN	D	0.06%	0.02%	0.02%
	EME	A	0.19%	0.05%	0.05%
	EMN	D	0.1%	0.05%	0.05%
	EQT	A	0.21%	0.09%	0.09%
	EXC	C	0.32%	0.17%	0.17%
	EXPD	D	0.14%	0.08%	0.08%
	EXPE	B	0.19%	0.15%	0.15%
	FAF	C	0.05%	0.04%	0.04%
	FANG	D	0.27%	0.15%	0.15%
	FAST	B	0.39%	0.07%	0.07%
	FBIN	F	0.08%	0.03%	0.03%
	FE	C	0.2%	0.08%	0.08%
	FFIV	B	0.11%	0.04%	0.04%
	FOXA	B	0.09%	0.15%	0.09%
	FSLR	F	0.17%	0.03%	0.03%
	FTI	A	0.1%	0.03%	0.03%
	FTV	D	0.22%	0.06%	0.06%
	FYBR	C	0.07%	0.03%	0.03%
	GAP	D	0.04%	0.03%	0.03%
	GDDY	A	0.21%	0.05%	0.05%
	GEHC	D	0.31%	0.06%	0.06%
	GEN	B	0.13%	0.04%	0.04%
	GIS	F	0.29%	0.13%	0.13%
	GLW	B	0.29%	0.13%	0.13%
	GPC	F	0.14%	0.06%	0.06%
	GPK	D	0.07%	0.04%	0.04%
	GRMN	B	0.27%	0.05%	0.05%
	GWW	B	0.42%	0.09%	0.09%
	GXO	B	0.06%	0.03%	0.03%
	H	B	0.06%	0.04%	0.04%
	HAL	C	0.22%	0.09%	0.09%
	HAS	D	0.07%	0.03%	0.03%
	HES	B	0.33%	0.08%	0.08%
	HIG	B	0.28%	0.18%	0.18%
	HII	F	0.06%	0.03%	0.03%
	HLT	A	0.5%	0.09%	0.09%
	HOG	F	0.03%	0.03%	0.03%
	HOLX	D	0.15%	0.05%	0.05%
	HPE	B	0.23%	0.21%	0.21%
	HPQ	B	0.3%	0.18%	0.18%
	HRB	D	0.07%	0.03%	0.03%
	HRL	D	0.07%	0.05%	0.05%
	HSIC	C	0.07%	0.04%	0.04%
	HST	D	0.1%	0.04%	0.04%
	HSY	F	0.21%	0.06%	0.06%
	HUBB	B	0.19%	0.03%	0.03%
	HUM	D	0.27%	0.24%	0.24%
	HUN	F	0.03%	0.03%	0.03%
	HWM	A	0.37%	0.05%	0.05%
	IAC	D	0.03%	0.03%	0.03%
	IFF	D	0.18%	0.08%	0.08%
	ILMN	C	0.18%	0.04%	0.04%
	INGR	B	0.08%	0.04%	0.04%
	IP	A	0.16%	0.13%	0.13%
	IPG	F	0.08%	0.05%	0.05%
	IQV	F	0.29%	0.07%	0.07%
	IR	B	0.34%	0.06%	0.06%
	IRM	C	0.28%	0.06%	0.06%
	IT	C	0.32%	0.04%	0.04%
	J	D	0.14%	0.06%	0.06%
	JAZZ	C	0.06%	0.04%	0.04%
	JBHT	C	0.12%	0.05%	0.05%
	JBL	C	0.12%	0.11%	0.11%
	JHG	B	0.05%	0.04%	0.04%
	JLL	D	0.1%	0.07%	0.07%
	JNPR	D	0.1%	0.04%	0.04%
	K	B	0.17%	0.08%	0.08%
	KD	A	0.05%	0.03%	0.03%
	KEYS	C	0.21%	0.05%	0.05%
	KMI	A	0.44%	0.27%	0.27%
	KMX	C	0.1%	0.07%	0.07%
	KNX	B	0.07%	0.05%	0.05%
	KR	B	0.32%	0.37%	0.32%
	KSS	F	0.02%	0.04%	0.02%
	LAD	B	0.08%	0.09%	0.08%
	LBRDK	C	0.08%	0.07%	0.07%
	LDOS	C	0.18%	0.07%	0.07%
	LEA	F	0.04%	0.05%	0.04%
	LEN	D	0.33%	0.2%	0.2%
	LEN	D	0.01%	0.2%	0.01%
	LH	B	0.16%	0.1%	0.1%
	LHX	B	0.38%	0.15%	0.15%
	LKQ	F	0.08%	0.05%	0.05%
	LNG	A	0.4%	0.24%	0.24%
	LPLA	A	0.19%	0.06%	0.06%
	LUV	B	0.16%	0.03%	0.03%
	LVS	B	0.14%	0.06%	0.06%
	LYB	F	0.18%	0.13%	0.13%
	LYV	A	0.17%	0.04%	0.04%
	M	D	0.04%	0.05%	0.04%
	MAN	F	0.02%	0.04%	0.02%
	MAS	D	0.14%	0.04%	0.04%
	MCHP	F	0.27%	0.07%	0.07%
	MGM	D	0.07%	0.07%	0.07%
	MHK	D	0.06%	0.05%	0.05%
	MKC	D	0.15%	0.04%	0.04%
	MKL	A	0.18%	0.09%	0.09%
	MLM	B	0.29%	0.05%	0.05%
	MOH	F	0.14%	0.08%	0.08%
	MOS	D	0.07%	0.1%	0.07%
	MRO	A	0.13%	0.14%	0.13%
	MSCI	B	0.38%	0.04%	0.04%
	MTD	F	0.21%	0.03%	0.03%
	MTDR	C	0.06%	0.03%	0.03%
	MTN	C	0.06%	0.03%	0.03%
	MUSA	B	0.08%	0.05%	0.05%
	NCLH	B	0.09%	0.06%	0.06%
	NDAQ	A	0.27%	0.05%	0.05%
	NFG	A	0.05%	0.03%	0.03%
	NOV	D	0.05%	0.02%	0.02%
	NRG	B	0.16%	0.07%	0.07%
	NTAP	C	0.2%	0.06%	0.06%
	NUE	D	0.29%	0.22%	0.22%
	NVR	D	0.21%	0.07%	0.07%
	NWL	B	0.03%	0.04%	0.03%
	NWSA	B	0.09%	0.06%	0.06%
	NXST	C	0.04%	0.04%	0.04%
	OC	A	0.14%	0.07%	0.07%
	ODFL	B	0.35%	0.06%	0.06%
	OKE	A	0.53%	0.17%	0.17%
	OLN	F	0.04%	0.04%	0.04%
	OMC	C	0.15%	0.07%	0.07%
	OMF	A	0.05%	0.06%	0.05%
	ON	F	0.23%	0.06%	0.06%
	ORI	A	0.08%	0.07%	0.07%
	OSK	C	0.06%	0.03%	0.03%
	OTIS	C	0.33%	0.05%	0.05%
	OVV	C	0.1%	0.08%	0.08%
	PARA	D	0.05%	0.11%	0.05%
	PAYX	B	0.38%	0.06%	0.06%
	PENN	C	0.03%	0.04%	0.03%
	PFGC	B	0.11%	0.12%	0.11%
	PHM	D	0.22%	0.1%	0.1%
	PII	F	0.03%	0.03%	0.03%
	PINS	F	0.14%	0.02%	0.02%
	PKG	B	0.17%	0.07%	0.07%
	POOL	D	0.11%	0.03%	0.03%
	POST	C	0.04%	0.03%	0.03%
	PPG	F	0.24%	0.08%	0.08%
	PPL	A	0.21%	0.09%	0.09%
	PR	B	0.08%	0.03%	0.03%
	PRGO	C	0.03%	0.02%	0.02%
	PVH	C	0.05%	0.04%	0.04%
	PWR	A	0.39%	0.08%	0.08%
	QRVO	F	0.05%	0.02%	0.02%
	R	B	0.06%	0.08%	0.06%
	RCL	A	0.45%	0.1%	0.1%
	RGA	B	0.13%	0.1%	0.1%
	RH	D	0.04%	0.04%	0.04%
	RHI	C	0.06%	0.03%	0.03%
	RL	C	0.07%	0.04%	0.04%
	RMD	C	0.28%	0.04%	0.04%
	RNR	C	0.11%	0.06%	0.06%
	ROK	B	0.27%	0.05%	0.05%
	ROST	D	0.38%	0.1%	0.1%
	RPM	B	0.14%	0.04%	0.04%
	RRC	B	0.07%	0.03%	0.03%
	RRX	B	0.09%	0.04%	0.04%
	RS	B	0.15%	0.08%	0.08%
	SAIC	F	0.05%	0.03%	0.03%
	SBAC	D	0.2%	0.04%	0.04%
	SCI	A	0.1%	0.04%	0.04%
	SJM	D	0.09%	0.06%	0.06%
	SKX	F	0.07%	0.03%	0.03%
	SNA	B	0.15%	0.06%	0.06%
	SNX	D	0.07%	0.12%	0.07%
	SON	F	0.04%	0.02%	0.02%
	SQ	A	0.39%	0.1%	0.1%
	SSNC	C	0.13%	0.05%	0.05%
	STE	D	0.18%	0.04%	0.04%
	STLD	B	0.17%	0.13%	0.13%
	SW	A	0.22%	0.08%	0.08%
	SWK	F	0.11%	0.07%	0.07%
	SWKS	F	0.11%	0.05%	0.05%
	SYY	D	0.31%	0.19%	0.19%
	TAP	B	0.09%	0.09%	0.09%
	TDY	B	0.18%	0.05%	0.05%
	TER	F	0.13%	0.02%	0.02%
	THC	C	0.12%	0.08%	0.08%
	THO	C	0.05%	0.04%	0.04%
	TOL	B	0.13%	0.07%	0.07%
	TPG	A	0.04%	0.05%	0.04%
	TPR	B	0.11%	0.06%	0.06%
	TRGP	A	0.35%	0.14%	0.14%
	TROW	B	0.21%	0.08%	0.08%
	TSCO	D	0.24%	0.06%	0.06%
	TSN	B	0.15%	0.17%	0.15%
	TTWO	A	0.25%	0.04%	0.04%
	TW	A	0.12%	0.03%	0.03%
	TWLO	A	0.14%	0.06%	0.06%
	TXT	D	0.13%	0.07%	0.07%
	UAL	A	0.25%	0.07%	0.07%
	UGI	C	0.04%	0.04%	0.04%
	UHS	D	0.1%	0.07%	0.07%
	ULTA	F	0.14%	0.05%	0.05%
	URI	B	0.46%	0.14%	0.14%
	USFD	A	0.12%	0.1%	0.1%
	UTHR	C	0.13%	0.04%	0.04%
	VFC	C	0.06%	0.06%	0.06%
	VMC	B	0.3%	0.06%	0.06%
	VRSK	B	0.33%	0.08%	0.08%
	VRSN	F	0.13%	0.03%	0.03%
	VST	A	0.4%	0.17%	0.17%
	VTRS	A	0.13%	0.14%	0.13%
	VVV	D	0.05%	0.03%	0.03%
	WAB	B	0.28%	0.07%	0.07%
	WBA	F	0.05%	0.14%	0.05%
	WBD	B	0.18%	0.26%	0.18%
	WCC	B	0.07%	0.05%	0.05%
	WDC	F	0.17%	0.04%	0.04%
	WHR	B	0.05%	0.07%	0.05%
	WRB	B	0.15%	0.07%	0.07%
	WSC	F	0.05%	0.03%	0.03%
	WSM	D	0.14%	0.04%	0.04%
	WSO	A	0.15%	0.03%	0.03%
	WST	D	0.19%	0.03%	0.03%
	WTW	B	0.26%	0.1%	0.1%
	WU	F	0.02%	0.02%	0.02%
	WY	D	0.19%	0.06%	0.06%
	X	C	0.07%	0.1%	0.07%
	XEL	A	0.32%	0.17%	0.17%
	XYL	D	0.24%	0.04%	0.04%
	YUM	D	0.31%	0.03%	0.03%
	ZBH	C	0.19%	0.07%	0.07%
	ZM	B	0.18%	0.06%	0.06%

IWR Overweight 469 Positions Relative to IUS

	Symbol	Grade	Weight
	PLTR	A	1.09%
	WMB	A	0.57%
	AJG	B	0.52%
	AFL	C	0.51%
	COIN	A	0.5%
	BK	B	0.48%
	DLR	A	0.48%
	SPG	A	0.48%
	AMP	A	0.46%
	MSTR	A	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	O	C	0.41%
	FIS	C	0.41%
	KVUE	A	0.38%
	PRU	B	0.38%
	PEG	C	0.37%
	PCG	A	0.37%
	CCI	C	0.37%
	VRT	A	0.36%
	DFS	B	0.36%
	AXON	A	0.35%
	FERG	C	0.33%
	DDOG	A	0.31%
	IDXX	F	0.29%
	MTB	A	0.29%
	EXR	C	0.28%
	AVB	B	0.27%
	VICI	C	0.27%
	HUBS	B	0.27%
	WEC	A	0.26%
	VEEV	C	0.26%
	ETR	A	0.26%
	EIX	C	0.26%
	FITB	B	0.26%
	RJF	A	0.25%
	ARES	A	0.25%
	STT	B	0.24%
	GPN	C	0.24%
	ALNY	D	0.24%
	EQR	C	0.23%
	AWK	C	0.22%
	FCNCA	A	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	TYL	B	0.21%
	VLTO	C	0.21%
	TPL	A	0.21%
	HBAN	B	0.21%
	SYF	B	0.21%
	VTR	B	0.21%
	RBLX	B	0.21%
	CVNA	A	0.21%
	RF	A	0.2%
	AEE	A	0.2%
	PTC	B	0.19%
	NTRS	A	0.18%
	HOOD	A	0.18%
	EXE	A	0.18%
	ES	C	0.18%
	ATO	A	0.18%
	INVH	D	0.17%
	WAT	C	0.17%
	CFG	B	0.17%
	IBKR	A	0.16%
	ESS	A	0.16%
	COO	D	0.16%
	LII	A	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	PFG	C	0.16%
	KEY	B	0.15%
	DKNG	B	0.15%
	TOST	A	0.15%
	PODD	B	0.15%
	ARE	F	0.15%
	MAA	A	0.15%
	FDS	B	0.15%
	ZS	B	0.15%
	TRU	D	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	NTRA	A	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	FWONK	B	0.14%
	NTNX	B	0.14%
	HEI	A	0.14%
	TRMB	B	0.14%
	IEX	B	0.14%
	PNR	B	0.14%
	FNF	A	0.13%
	DT	C	0.13%
	SUI	C	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	DOCU	B	0.13%
	ROL	B	0.12%
	SOFI	A	0.12%
	EQH	B	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	NDSN	D	0.12%
	UDR	C	0.12%
	DOC	D	0.12%
	ENTG	F	0.12%
	PSTG	F	0.12%
	DPZ	C	0.12%
	L	A	0.12%
	GGG	B	0.12%
	GLPI	C	0.11%
	JEF	A	0.11%
	AFRM	A	0.11%
	EPAM	C	0.11%
	ELS	B	0.11%
	TXRH	B	0.11%
	RVTY	D	0.11%
	REG	A	0.11%
	CW	B	0.11%
	SAIA	C	0.11%
	BWXT	A	0.1%
	Z	A	0.1%
	UNM	A	0.1%
	NBIX	C	0.1%
	OKTA	D	0.1%
	HEI	A	0.1%
	NVT	C	0.1%
	BMRN	F	0.1%
	INCY	C	0.1%
	WPC	C	0.1%
	ALLE	D	0.1%
	BXP	D	0.1%
	CPT	C	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	CLH	C	0.1%
	AMH	C	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	PNW	B	0.09%
	TECH	F	0.09%
	GNRC	B	0.09%
	CTLT	D	0.09%
	CAVA	C	0.09%
	EVR	B	0.09%
	FND	F	0.09%
	CUBE	C	0.09%
	LW	C	0.09%
	LAMR	D	0.09%
	BLD	F	0.09%
	ATR	B	0.09%
	CG	B	0.09%
	TTEK	F	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	DUOL	A	0.09%
	LECO	C	0.09%
	OWL	A	0.09%
	SF	B	0.09%
	TFX	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%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	A	0.08%
	SRPT	F	0.08%
	PNFP	B	0.08%
	CRL	D	0.08%
	CNH	C	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	GL	C	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	C	0.08%
	EHC	B	0.08%
	DTM	A	0.08%
	NLY	C	0.08%
	OHI	B	0.08%
	ALLY	C	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	EXP	B	0.08%
	AYI	B	0.08%
	RPRX	F	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	MTCH	F	0.07%
	MEDP	D	0.07%
	SEIC	B	0.07%
	SNV	B	0.07%
	APG	C	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CHE	F	0.07%
	RIVN	F	0.07%
	EGP	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%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	A	0.07%
	ITCI	B	0.07%
	BILL	B	0.07%
	CMA	B	0.07%
	BRX	A	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	PEN	B	0.07%
	AXTA	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	AWI	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	AXS	A	0.06%
	VMI	B	0.06%
	FMC	D	0.06%
	ALK	A	0.06%
	CGNX	D	0.06%
	FCN	F	0.06%
	BPOP	C	0.06%
	MTSI	B	0.06%
	MASI	B	0.06%
	FR	C	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%
	AGNC	C	0.06%
	GTLB	B	0.06%
	BBWI	C	0.06%
	VNO	C	0.06%
	S	B	0.06%
	LPX	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%
	PB	A	0.06%
	TREX	D	0.06%
	WH	B	0.06%
	KEX	B	0.06%
	SMAR	A	0.06%
	ADC	A	0.06%
	SSD	D	0.06%
	OLED	F	0.06%
	NNN	C	0.06%
	ONTO	F	0.06%
	FLS	A	0.06%
	KBR	F	0.06%
	G	B	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	D	0.05%
	PATH	C	0.05%
	OLLI	D	0.05%
	BRKR	F	0.05%
	FOX	A	0.05%
	ETSY	D	0.05%
	CROX	F	0.05%
	THG	A	0.05%
	VNT	C	0.05%
	LFUS	D	0.05%
	FNB	B	0.05%
	WFRD	F	0.05%
	IDA	A	0.05%
	LAZ	B	0.05%
	FOUR	A	0.05%
	BFAM	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	UHAL	D	0.05%
	BIO	C	0.05%
	COLD	F	0.05%
	SITE	D	0.05%
	ESI	B	0.05%
	SIRI	D	0.05%
	MAT	D	0.05%
	MSA	D	0.05%
	MTG	D	0.05%
	IVZ	C	0.05%
	COLB	B	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	C	0.05%
	STAG	D	0.05%
	LYFT	C	0.05%
	AZEK	B	0.05%
	HR	C	0.05%
	AZPN	A	0.05%
	KMPR	A	0.04%
	RYN	D	0.04%
	EEFT	C	0.04%
	PSN	C	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	D	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	AGO	A	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%
	TKR	F	0.04%
	BYD	B	0.04%
	INSP	F	0.04%
	AL	B	0.04%
	BROS	A	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	F	0.04%
	VKTX	F	0.04%
	APPF	C	0.04%
	SLM	B	0.04%
	LNC	B	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	CRUS	F	0.04%
	WEN	C	0.03%
	AMTM	F	0.03%
	BHF	C	0.03%
	SMG	C	0.03%
	VAC	C	0.03%
	ZI	D	0.03%
	YETI	D	0.03%
	NCNO	B	0.03%
	IRDM	F	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	ACHC	F	0.03%
	FHB	B	0.03%
	NVST	C	0.03%
	SPR	D	0.03%
	W	D	0.03%
	TNL	B	0.03%
	NWS	A	0.03%
	DNB	B	0.03%
	XRAY	D	0.03%
	MDU	D	0.03%
	NEU	D	0.03%
	MSM	D	0.03%
	ASH	F	0.03%
	PEGA	B	0.03%
	OGN	F	0.03%
	LINE	F	0.03%
	FLO	D	0.03%
	RARE	F	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	MSGS	B	0.03%
	GTES	A	0.03%
	DLB	F	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%
	SHC	F	0.02%
	PPC	B	0.02%
	ADT	B	0.02%
	AZTA	F	0.02%
	RCM	A	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	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%
	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%
	CC	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	PAG	B	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%
	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	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	D	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	D	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	C	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	F	0.0%

IWR Underweight 212 Positions Relative to IUS

	Symbol	Grade	Weight
	AAPL	C	-4.64%
	GOOGL	B	-3.69%
	BRK.A	B	-2.9%
	MSFT	D	-2.65%
	XOM	B	-2.38%
	META	C	-2.23%
	AMZN	B	-2.08%
	UNH	C	-1.62%
	CVX	A	-1.6%
	T	A	-1.3%
	WMT	A	-1.23%
	CMCSA	B	-1.14%
	VZ	C	-1.07%
	GM	B	-0.99%
	CVS	F	-0.98%
	NVDA	A	-0.95%
	JNJ	D	-0.89%
	HD	A	-0.89%
	AVGO	C	-0.79%
	V	A	-0.74%
	CSCO	B	-0.74%
	COST	A	-0.73%
	PG	C	-0.72%
	TSLA	A	-0.7%
	COP	B	-0.67%
	CI	D	-0.67%
	RTX	D	-0.67%
	ABBV	F	-0.65%
	BMY	A	-0.65%
	PFE	F	-0.63%
	MPC	D	-0.62%
	MCK	A	-0.61%
	LUMN	C	-0.56%
	F	C	-0.56%
	AXP	B	-0.53%
	CRM	B	-0.53%
	IBM	C	-0.52%
	LMT	D	-0.49%
	DIS	B	-0.49%
	LOW	C	-0.48%
	ACN	C	-0.47%
	MA	B	-0.46%
	CAT	C	-0.46%
	VLO	C	-0.45%
	PSX	C	-0.44%
	KO	D	-0.43%
	INTC	C	-0.43%
	GE	D	-0.42%
	UPS	C	-0.42%
	PEP	F	-0.42%
	CB	C	-0.42%
	ELV	F	-0.41%
	BKNG	A	-0.41%
	GILD	C	-0.41%
	MRK	F	-0.4%
	LIN	D	-0.39%
	TMUS	B	-0.39%
	ABT	A	-0.38%
	FDX	B	-0.37%
	DE	C	-0.37%
	ORCL	A	-0.35%
	FI	A	-0.35%
	MDT	D	-0.35%
	PM	A	-0.35%
	EOG	A	-0.34%
	MO	A	-0.33%
	PYPL	B	-0.33%
	TMO	F	-0.32%
	TGT	B	-0.31%
	HON	B	-0.31%
	NFLX	A	-0.31%
	QCOM	F	-0.31%
	PGR	B	-0.3%
	MCD	D	-0.29%
	TRV	A	-0.28%
	TXN	C	-0.28%
	ADBE	D	-0.27%
	MMM	D	-0.27%
	OXY	F	-0.27%
	TJX	A	-0.27%
	UNP	D	-0.26%
	NKE	F	-0.26%
	AMGN	D	-0.25%
	BX	A	-0.25%
	LLY	F	-0.24%
	KHC	F	-0.23%
	DELL	B	-0.23%
	HCA	F	-0.23%
	AMAT	F	-0.22%
	DHR	D	-0.22%
	NOC	D	-0.22%
	CSX	C	-0.22%
	MDLZ	F	-0.22%
	AMD	F	-0.21%
	SBUX	A	-0.21%
	INTU	B	-0.2%
	GD	D	-0.2%
	MU	D	-0.19%
	SLB	C	-0.18%
	PCAR	C	-0.18%
	ETN	B	-0.17%
	NSC	B	-0.17%
	MMC	D	-0.17%
	ADP	B	-0.17%
	JCI	B	-0.17%
	WM	B	-0.16%
	BDX	F	-0.16%
	MAR	B	-0.16%
	AON	B	-0.16%
	EMR	A	-0.15%
	REGN	F	-0.15%
	SHW	C	-0.14%
	LRCX	F	-0.14%
	PH	B	-0.14%
	ITW	B	-0.14%
	APD	A	-0.14%
	SYK	A	-0.14%
	FCX	F	-0.13%
	ABNB	D	-0.13%
	NEM	D	-0.13%
	PSA	C	-0.13%
	ORLY	B	-0.13%
	AZO	C	-0.13%
	TT	A	-0.12%
	CL	D	-0.12%
	VRTX	D	-0.12%
	ISRG	A	-0.12%
	CARR	D	-0.11%
	SNEX	B	-0.11%
	FLEX	B	-0.11%
	UBER	F	-0.11%
	BSX	A	-0.11%
	BA	D	-0.11%
	KDP	D	-0.11%
	APH	B	-0.1%
	STZ	D	-0.1%
	KMB	C	-0.1%
	KLAC	F	-0.1%
	NOW	B	-0.1%
	UNFI	B	-0.1%
	ZTS	D	-0.09%
	MELI	D	-0.09%
	MRVL	B	-0.09%
	WKC	D	-0.09%
	EQIX	A	-0.09%
	TX	F	-0.08%
	ADSK	B	-0.08%
	ECL	D	-0.08%
	ZIM	A	-0.08%
	MSI	B	-0.08%
	WCN	A	-0.07%
	CTAS	B	-0.07%
	PANW	B	-0.07%
	MCO	D	-0.07%
	DASH	A	-0.07%
	FTNT	B	-0.07%
	ROP	C	-0.07%
	RSG	A	-0.07%
	GPI	B	-0.06%
	WDAY	C	-0.06%
	PBF	D	-0.06%
	SATS	C	-0.06%
	SNPS	C	-0.06%
	BTU	C	-0.05%
	MNST	C	-0.05%
	TMHC	B	-0.05%
	LULU	C	-0.05%
	CDNS	B	-0.05%
	CMG	C	-0.05%
	BFH	B	-0.05%
	TDS	B	-0.05%
	CNX	A	-0.05%
	TGNA	B	-0.04%
	UFPI	C	-0.04%
	NU	C	-0.04%
	STX	D	-0.04%
	HTZ	C	-0.04%
	FLR	B	-0.04%
	EL	F	-0.04%
	GT	C	-0.04%
	CEG	C	-0.04%
	KBH	D	-0.04%
	EW	C	-0.04%
	BECN	B	-0.04%
	TDG	D	-0.04%
	ABG	B	-0.04%
	CMC	B	-0.04%
	ANET	C	-0.04%
	ASO	F	-0.03%
	DK	D	-0.03%
	HP	C	-0.03%
	SIG	C	-0.03%
	ADNT	F	-0.03%
	TNET	F	-0.03%
	ARCH	B	-0.03%
	MTH	D	-0.03%
	SNOW	C	-0.03%
	SM	C	-0.03%
	OGS	A	-0.03%
	BCC	C	-0.03%
	MUR	F	-0.03%
	ALV	C	-0.03%
	CPRT	B	-0.03%
	ANDE	F	-0.03%
	DAN	F	-0.02%
	ATKR	D	-0.02%
	ODP	F	-0.02%
	XRX	F	-0.02%
	MRNA	F	-0.02%
	AMR	C	-0.02%
	CVI	D	-0.02%
	NSIT	F	-0.02%

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

IUS: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Software - Application Specialty Retail Diversified Industrials Business Services Information Technology Services Semiconductors Packaged Foods Specialty Chemicals Diagnostics & Research Drug Manufacturers - Major Oil & Gas Refining & Marketing Packaging & Containers Aerospace & Defense Insurance - Property & Casualty Residential Construction Telecom Services Auto Parts Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Electronics Insurance Mining Chemical Aerospace Medicine Semiconductor Telecommunications Transport Petroleum Industry Retailing Electricity Building Materials Beverage Plastic