IWR vs. PTL ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

$92.81

Average Daily Volume

1,400,234

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$221.52

Average Daily Volume

6,352

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	IWR	PTL
30 Days	4.45%	2.04%
60 Days	8.30%	6.75%
90 Days	12.51%	10.09%
12 Months	37.62%

391 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in PTL	Overlap
AA	C	0.09%	0.07%	0.07%
AAON	B	0.08%	0.06%	0.06%
ACHC	F	0.03%	0.04%	0.03%
ACI	C	0.07%	0.08%	0.07%
ADC	B	0.06%	0.05%	0.05%
ADM	F	0.2%	0.18%	0.18%
AEE	A	0.19%	0.16%	0.16%
AFG	B	0.08%	0.08%	0.08%
AFL	C	0.49%	0.41%	0.41%
AFRM	A	0.09%	0.12%	0.09%
AGCO	F	0.05%	0.05%	0.05%
AGNC	D	0.06%	0.05%	0.05%
AGR	C	0.02%	0.1%	0.02%
ALB	C	0.1%	0.08%	0.08%
ALGN	D	0.13%	0.12%	0.12%
ALSN	B	0.08%	0.06%	0.06%
AM	B	0.04%	0.05%	0.04%
AME	A	0.36%	0.3%	0.3%
AMH	D	0.1%	0.1%	0.1%
AMKR	F	0.03%	0.05%	0.03%
AN	D	0.03%	0.05%	0.03%
ANSS	B	0.24%	0.2%	0.2%
AOS	F	0.07%	0.07%	0.07%
APA	F	0.06%	0.07%	0.06%
APG	B	0.07%	0.07%	0.07%
APP	A	0.62%	0.4%	0.4%
APPF	B	0.04%	0.06%	0.04%
AR	B	0.07%	0.06%	0.06%
ARE	F	0.16%	0.15%	0.15%
ARW	F	0.05%	0.04%	0.04%
ATI	D	0.06%	0.05%	0.05%
ATO	A	0.18%	0.15%	0.15%
ATR	A	0.09%	0.08%	0.08%
AWK	D	0.22%	0.2%	0.2%
AXTA	B	0.07%	0.06%	0.06%
AYI	A	0.08%	0.07%	0.07%
BAX	F	0.14%	0.14%	0.14%
BERY	C	0.06%	0.05%	0.05%
BFAM	F	0.05%	0.05%	0.05%
BG	D	0.1%	0.09%	0.09%
BIO	C	0.06%	0.08%	0.06%
BJ	B	0.1%	0.08%	0.08%
BKR	B	0.35%	0.28%	0.28%
BLD	F	0.09%	0.08%	0.08%
BLDR	D	0.17%	0.15%	0.15%
BOKF	B	0.02%	0.05%	0.02%
BRBR	A	0.07%	0.06%	0.06%
BRKR	F	0.05%	0.07%	0.05%
BRO	A	0.22%	0.22%	0.22%
BRX	B	0.07%	0.06%	0.06%
BSY	D	0.05%	0.12%	0.05%
BWA	B	0.06%	0.05%	0.05%
BWXT	A	0.09%	0.07%	0.07%
BXP	D	0.11%	0.09%	0.09%
CACI	B	0.1%	0.09%	0.09%
CAG	F	0.11%	0.1%	0.1%
CASY	A	0.12%	0.1%	0.1%
CBOE	D	0.17%	0.16%	0.16%
CCI	F	0.37%	0.33%	0.33%
CCK	B	0.09%	0.08%	0.08%
CDW	F	0.22%	0.19%	0.19%
CELH	F	0.04%	0.06%	0.04%
CF	B	0.12%	0.11%	0.11%
CFLT	B	0.05%	0.07%	0.05%
CFR	B	0.07%	0.06%	0.06%
CGNX	B	0.06%	0.05%	0.05%
CHE	D	0.07%	0.06%	0.06%
CHRD	F	0.07%	0.06%	0.06%
CHRW	B	0.1%	0.08%	0.08%
CIEN	B	0.08%	0.06%	0.06%
CINF	A	0.18%	0.16%	0.16%
CLH	B	0.11%	0.1%	0.1%
CMS	D	0.16%	0.15%	0.15%
CNM	D	0.07%	0.07%	0.07%
CNP	B	0.16%	0.13%	0.13%
COHR	B	0.12%	0.1%	0.1%
COIN	B	0.43%	0.34%	0.34%
COKE	D	0.06%	0.07%	0.06%
COLD	F	0.05%	0.05%	0.05%
COR	A	0.33%	0.33%	0.33%
CPAY	A	0.2%	0.16%	0.16%
CPB	F	0.07%	0.1%	0.07%
CPNG	C	0.23%	0.35%	0.23%
CPT	D	0.1%	0.09%	0.09%
CR	B	0.07%	0.07%	0.07%
CSGP	D	0.25%	0.24%	0.24%
CSL	C	0.17%	0.14%	0.14%
CTRA	C	0.15%	0.12%	0.12%
CUBE	D	0.09%	0.08%	0.08%
CVNA	B	0.21%	0.33%	0.21%
CW	B	0.12%	0.1%	0.1%
DAL	A	0.32%	0.25%	0.25%
DCI	A	0.08%	0.06%	0.06%
DDOG	C	0.3%	0.31%	0.3%
DECK	B	0.22%	0.18%	0.18%
DG	F	0.14%	0.13%	0.13%
DHI	D	0.41%	0.42%	0.41%
DINO	D	0.05%	0.06%	0.05%
DLB	C	0.04%	0.05%	0.04%
DLR	B	0.48%	0.42%	0.42%
DLTR	F	0.1%	0.11%	0.1%
DOC	C	0.13%	0.11%	0.11%
DOCU	A	0.13%	0.1%	0.1%
DOV	A	0.22%	0.19%	0.19%
DOX	A	0.09%	0.07%	0.07%
DT	C	0.13%	0.11%	0.11%
DTE	D	0.2%	0.18%	0.18%
DTM	A	0.08%	0.06%	0.06%
DVA	C	0.06%	0.09%	0.06%
DVN	F	0.2%	0.19%	0.19%
DXCM	C	0.23%	0.21%	0.21%
ED	D	0.28%	0.24%	0.24%
EFX	D	0.27%	0.25%	0.25%
EGP	D	0.07%	0.06%	0.06%
EHC	B	0.08%	0.07%	0.07%
ELAN	D	0.06%	0.04%	0.04%
ELS	C	0.11%	0.1%	0.1%
EME	B	0.19%	0.16%	0.16%
ENPH	F	0.07%	0.09%	0.07%
ENTG	D	0.13%	0.11%	0.11%
EPAM	C	0.1%	0.08%	0.08%
EQR	D	0.23%	0.2%	0.2%
ES	F	0.17%	0.16%	0.16%
ESS	C	0.16%	0.14%	0.14%
ESTC	C	0.06%	0.06%	0.06%
ETR	B	0.26%	0.22%	0.22%
EVR	B	0.09%	0.08%	0.08%
EVRG	A	0.11%	0.1%	0.1%
EWBC	A	0.11%	0.1%	0.1%
EXC	D	0.31%	0.27%	0.27%
EXEL	B	0.08%	0.07%	0.07%
EXP	B	0.08%	0.07%	0.07%
EXPD	F	0.14%	0.12%	0.12%
EXR	D	0.28%	0.26%	0.26%
FANG	D	0.28%	0.39%	0.28%
FAST	B	0.39%	0.32%	0.32%
FBIN	F	0.08%	0.07%	0.07%
FCN	D	0.06%	0.05%	0.05%
FCNCA	B	0.21%	0.21%	0.21%
FE	D	0.19%	0.17%	0.17%
FFIV	B	0.11%	0.1%	0.1%
FHN	B	0.09%	0.07%	0.07%
FICO	A	0.45%	0.35%	0.35%
FIX	B	0.13%	0.1%	0.1%
FND	F	0.09%	0.08%	0.08%
FOUR	B	0.05%	0.06%	0.05%
FR	D	0.06%	0.05%	0.05%
FRPT	B	0.06%	0.05%	0.05%
FRT	C	0.08%	0.07%	0.07%
FSLR	F	0.17%	0.16%	0.16%
FYBR	D	0.07%	0.06%	0.06%
G	B	0.07%	0.05%	0.05%
GAP	C	0.04%	0.06%	0.04%
GEHC	D	0.31%	0.28%	0.28%
GEN	A	0.13%	0.12%	0.12%
GFS	C	0.04%	0.17%	0.04%
GGG	B	0.12%	0.1%	0.1%
GL	B	0.08%	0.07%	0.07%
GME	C	0.08%	0.06%	0.06%
GMED	B	0.07%	0.07%	0.07%
GNRC	B	0.09%	0.07%	0.07%
GNTX	C	0.06%	0.05%	0.05%
GPC	D	0.14%	0.12%	0.12%
GPK	D	0.07%	0.06%	0.06%
GTLB	C	0.06%	0.07%	0.06%
GWRE	A	0.13%	0.11%	0.11%
HAL	D	0.21%	0.19%	0.19%
HCP	A	0.04%	0.05%	0.04%
HLI	B	0.08%	0.09%	0.08%
HOLX	D	0.15%	0.13%	0.13%
HST	C	0.1%	0.09%	0.09%
HUBB	B	0.2%	0.17%	0.17%
IBKR	A	0.15%	0.45%	0.15%
IDXX	D	0.29%	0.25%	0.25%
IEX	B	0.14%	0.12%	0.12%
IFF	F	0.19%	0.18%	0.18%
INCY	B	0.11%	0.11%	0.11%
INFA	D	0.01%	0.06%	0.01%
INVH	D	0.17%	0.15%	0.15%
IP	B	0.16%	0.15%	0.15%
IQV	F	0.32%	0.29%	0.29%
IR	A	0.34%	0.28%	0.28%
ITCI	B	0.08%	0.07%	0.07%
ITT	A	0.1%	0.08%	0.08%
J	B	0.15%	0.12%	0.12%
JAZZ	B	0.06%	0.05%	0.05%
JBHT	B	0.13%	0.14%	0.13%
JBL	B	0.12%	0.1%	0.1%
JEF	B	0.1%	0.1%	0.1%
JKHY	C	0.11%	0.1%	0.1%
JNPR	C	0.1%	0.09%	0.09%
KBR	B	0.08%	0.06%	0.06%
KEX	A	0.06%	0.05%	0.05%
KEYS	B	0.23%	0.19%	0.19%
KMI	A	0.42%	0.39%	0.39%
KMX	C	0.1%	0.08%	0.08%
KNSL	C	0.08%	0.07%	0.07%
KNX	B	0.08%	0.06%	0.06%
KVUE	A	0.37%	0.32%	0.32%
L	B	0.12%	0.12%	0.12%
LAD	B	0.08%	0.06%	0.06%
LAMR	D	0.09%	0.1%	0.09%
LBRDA	B	0.01%	0.08%	0.01%
LCID	F	0.02%	0.04%	0.02%
LECO	B	0.1%	0.08%	0.08%
LEN	D	0.01%	0.35%	0.01%
LEN	D	0.33%	0.35%	0.33%
LH	B	0.17%	0.14%	0.14%
LII	B	0.16%	0.16%	0.16%
LNG	B	0.38%	0.32%	0.32%
LPX	A	0.06%	0.05%	0.05%
LSCC	C	0.06%	0.05%	0.05%
LSTR	B	0.06%	0.04%	0.04%
LW	C	0.09%	0.08%	0.08%
LYB	F	0.18%	0.2%	0.18%
MAA	C	0.15%	0.13%	0.13%
MANH	C	0.14%	0.11%	0.11%
MAS	D	0.14%	0.13%	0.13%
MCHP	F	0.31%	0.29%	0.29%
MDB	C	0.17%	0.15%	0.15%
MEDP	D	0.07%	0.08%	0.07%
MHK	D	0.06%	0.06%	0.06%
MIDD	C	0.06%	0.05%	0.05%
MKC	D	0.16%	0.15%	0.15%
MKL	A	0.17%	0.15%	0.15%
MKSI	D	0.06%	0.05%	0.05%
MKTX	C	0.08%	0.08%	0.08%
MLM	B	0.31%	0.26%	0.26%
MOH	F	0.15%	0.14%	0.14%
MPWR	F	0.29%	0.26%	0.26%
MRO	B	0.13%	0.12%	0.12%
MSA	D	0.05%	0.05%	0.05%
MSCI	B	0.37%	0.32%	0.32%
MSTR	A	0.34%	0.29%	0.29%
MTD	F	0.22%	0.2%	0.2%
MTN	D	0.05%	0.05%	0.05%
MTSI	B	0.06%	0.06%	0.06%
MTZ	B	0.07%	0.08%	0.07%
MUSA	B	0.08%	0.07%	0.07%
NBIX	C	0.1%	0.09%	0.09%
NDSN	B	0.12%	0.1%	0.1%
NET	C	0.22%	0.22%	0.22%
NI	A	0.13%	0.11%	0.11%
NNN	F	0.06%	0.06%	0.06%
NRG	B	0.16%	0.12%	0.12%
NTAP	C	0.21%	0.17%	0.17%
NTNX	B	0.14%	0.12%	0.12%
NUE	C	0.31%	0.24%	0.24%
NVR	D	0.22%	0.2%	0.2%
NWSA	B	0.09%	0.12%	0.09%
OC	B	0.13%	0.12%	0.12%
ODFL	B	0.36%	0.33%	0.33%
OGE	B	0.07%	0.06%	0.06%
OHI	B	0.08%	0.08%	0.08%
OKE	A	0.51%	0.43%	0.43%
OKTA	C	0.1%	0.09%	0.09%
OLED	F	0.07%	0.06%	0.06%
ON	D	0.24%	0.22%	0.22%
ONTO	F	0.07%	0.06%	0.06%
ORI	A	0.07%	0.07%	0.07%
OTIS	D	0.33%	0.26%	0.26%
OVV	C	0.09%	0.08%	0.08%
OWL	B	0.09%	0.21%	0.09%
PAG	C	0.02%	0.07%	0.02%
PATH	C	0.05%	0.05%	0.05%
PAYC	B	0.09%	0.09%	0.09%
PAYX	B	0.39%	0.36%	0.36%
PB	A	0.06%	0.05%	0.05%
PCG	A	0.36%	0.31%	0.31%
PCOR	B	0.06%	0.07%	0.06%
PCTY	A	0.08%	0.08%	0.08%
PEG	D	0.35%	0.28%	0.28%
PEN	B	0.07%	0.07%	0.07%
PFGC	B	0.11%	0.09%	0.09%
PHM	D	0.22%	0.2%	0.2%
PKG	B	0.17%	0.15%	0.15%
PLNT	B	0.07%	0.05%	0.05%
PLTR	B	0.95%	0.82%	0.82%
PNFP	B	0.07%	0.06%	0.06%
PNW	B	0.08%	0.07%	0.07%
PODD	B	0.15%	0.12%	0.12%
POOL	D	0.11%	0.1%	0.1%
POST	D	0.04%	0.05%	0.04%
PPC	B	0.02%	0.08%	0.02%
PR	B	0.08%	0.08%	0.08%
PRI	A	0.08%	0.07%	0.07%
PWR	B	0.39%	0.32%	0.32%
QRVO	F	0.05%	0.05%	0.05%
RBC	B	0.07%	0.06%	0.06%
REG	B	0.11%	0.1%	0.1%
REXR	F	0.08%	0.07%	0.07%
RF	A	0.19%	0.16%	0.16%
RGA	A	0.12%	0.1%	0.1%
RGEN	D	0.06%	0.06%	0.06%
RGLD	C	0.08%	0.07%	0.07%
RHI	B	0.06%	0.05%	0.05%
RKT	D	0.02%	0.24%	0.02%
RLI	A	0.06%	0.05%	0.05%
RMD	B	0.3%	0.26%	0.26%
ROIV	D	0.04%	0.06%	0.04%
ROL	B	0.11%	0.17%	0.11%
RPM	B	0.14%	0.12%	0.12%
RPRX	F	0.08%	0.12%	0.08%
RRC	B	0.06%	0.05%	0.05%
RRX	C	0.09%	0.08%	0.08%
RS	B	0.15%	0.11%	0.11%
RVTY	C	0.12%	0.11%	0.11%
RYAN	B	0.06%	0.12%	0.06%
S	B	0.06%	0.06%	0.06%
SAIA	B	0.12%	0.1%	0.1%
SAIC	B	0.06%	0.05%	0.05%
SBAC	D	0.19%	0.17%	0.17%
SCI	B	0.1%	0.09%	0.09%
SEIC	A	0.06%	0.07%	0.06%
SF	A	0.09%	0.08%	0.08%
SITE	C	0.05%	0.05%	0.05%
SMCI	F	0.1%	0.12%	0.1%
SN	D	0.06%	0.09%	0.06%
SNA	A	0.15%	0.12%	0.12%
SOLV	C	0.08%	0.1%	0.08%
SPG	B	0.47%	0.4%	0.4%
SSD	D	0.07%	0.05%	0.05%
SSNC	C	0.13%	0.13%	0.13%
STAG	F	0.05%	0.05%	0.05%
STE	F	0.17%	0.16%	0.16%
STLD	B	0.18%	0.14%	0.14%
STWD	D	0.05%	0.05%	0.05%
SUI	F	0.13%	0.13%	0.13%
SWKS	F	0.12%	0.1%	0.1%
SYY	B	0.31%	0.26%	0.26%
TER	D	0.14%	0.12%	0.12%
THC	B	0.13%	0.11%	0.11%
TKO	D	0.08%	0.14%	0.08%
TOL	B	0.13%	0.11%	0.11%
TOST	A	0.14%	0.12%	0.12%
TPL	A	0.21%	0.21%	0.21%
TPX	C	0.07%	0.06%	0.06%
TREX	C	0.06%	0.06%	0.06%
TRGP	A	0.34%	0.29%	0.29%
TRMB	B	0.14%	0.1%	0.1%
TSCO	D	0.25%	0.2%	0.2%
TSN	C	0.14%	0.16%	0.14%
TTC	D	0.07%	0.06%	0.06%
TTD	A	0.45%	0.43%	0.43%
TTEK	C	0.1%	0.09%	0.09%
TTWO	A	0.25%	0.21%	0.21%
TW	B	0.12%	0.2%	0.12%
TXRH	B	0.11%	0.09%	0.09%
TYL	B	0.21%	0.19%	0.19%
U	D	0.05%	0.06%	0.05%
UDR	D	0.12%	0.1%	0.1%
UHAL	C	0.05%	0.1%	0.05%
UHAL	C	0.0%	0.1%	0.0%
UHS	D	0.1%	0.11%	0.1%
UI	A	0.01%	0.11%	0.01%
URI	B	0.47%	0.37%	0.37%
USFD	A	0.12%	0.11%	0.11%
UTHR	B	0.15%	0.12%	0.12%
UWMC	F	0.01%	0.08%	0.01%
VEEV	B	0.28%	0.26%	0.26%
VKTX	D	0.06%	0.05%	0.05%
VLTO	D	0.21%	0.18%	0.18%
VMC	B	0.31%	0.26%	0.26%
VNO	C	0.07%	0.06%	0.06%
VRSK	A	0.33%	0.28%	0.28%
VRT	B	0.36%	0.28%	0.28%
VST	B	0.4%	0.23%	0.23%
VTR	C	0.21%	0.19%	0.19%
WAL	B	0.08%	0.07%	0.07%
WBS	B	0.08%	0.06%	0.06%
WCC	B	0.07%	0.07%	0.07%
WDC	D	0.18%	0.16%	0.16%
WEC	B	0.25%	0.21%	0.21%
WEX	D	0.06%	0.05%	0.05%
WFRD	D	0.05%	0.05%	0.05%
WING	D	0.08%	0.07%	0.07%
WLK	F	0.04%	0.12%	0.04%
WMS	F	0.08%	0.08%	0.08%
WPC	F	0.1%	0.09%	0.09%
WRB	B	0.14%	0.16%	0.14%
WSC	F	0.06%	0.05%	0.05%
WSM	F	0.13%	0.12%	0.12%
WSO	A	0.15%	0.14%	0.14%
WST	C	0.19%	0.17%	0.17%
WTFC	A	0.07%	0.06%	0.06%
WTRG	B	0.08%	0.08%	0.08%
WY	F	0.19%	0.17%	0.17%
XPO	B	0.14%	0.13%	0.13%
YUM	B	0.31%	0.25%	0.25%
ZION	B	0.07%	0.06%	0.06%
ZS	B	0.15%	0.21%	0.15%

IWR Overweight 411 Positions Relative to PTL

Symbol	Grade	Weight
WMB	A	0.56%
AJG	B	0.52%
HLT	A	0.49%
BK	B	0.46%
AMP	A	0.45%
RCL	A	0.43%
ALL	A	0.42%
GWW	B	0.42%
O	D	0.41%
LHX	B	0.4%
FIS	C	0.4%
CMI	B	0.39%
ROST	F	0.38%
HWM	B	0.37%
AXON	B	0.35%
DFS	B	0.35%
PRU	B	0.35%
SQ	A	0.34%
CBRE	B	0.34%
FERG	B	0.34%
EA	A	0.34%
CTVA	C	0.33%
IT	A	0.33%
HES	C	0.32%
KR	A	0.32%
CTSH	A	0.32%
A	F	0.32%
GIS	F	0.3%
ACGL	D	0.3%
CHTR	B	0.3%
GLW	B	0.3%
XEL	A	0.3%
DD	D	0.29%
HPQ	B	0.29%
HIG	C	0.28%
HUM	F	0.28%
MTB	B	0.28%
IRM	C	0.28%
ALNY	D	0.28%
WAB	B	0.28%
VICI	D	0.27%
GRMN	A	0.27%
AVB	B	0.27%
FITB	A	0.26%
CNC	F	0.26%
EIX	D	0.26%
HUBS	A	0.26%
WTW	A	0.26%
NDAQ	B	0.26%
DOW	F	0.26%
ARES	B	0.25%
ROK	B	0.25%
EBAY	D	0.25%
PPG	F	0.24%
CAH	B	0.24%
RJF	A	0.24%
XYL	D	0.24%
GPN	B	0.23%
STT	B	0.23%
HPE	B	0.23%
UAL	A	0.23%
LDOS	A	0.22%
RBLX	A	0.22%
SW	C	0.22%
HSY	D	0.21%
TROW	B	0.21%
CHD	B	0.21%
BR	A	0.21%
FTV	D	0.21%
EQT	A	0.2%
PPL	A	0.2%
HBAN	A	0.2%
BIIB	F	0.2%
GDDY	A	0.2%
SYF	B	0.2%
PTC	B	0.19%
EXPE	B	0.19%
LPLA	A	0.19%
BAH	C	0.19%
CCL	A	0.19%
ILMN	C	0.19%
ZBH	C	0.18%
WBD	C	0.18%
TDY	A	0.18%
WAT	B	0.18%
ZBRA	A	0.17%
CLX	B	0.17%
TRU	D	0.17%
CFG	B	0.17%
NTRS	A	0.17%
EXE	A	0.17%
K	A	0.17%
ZM	A	0.17%
BBY	D	0.16%
LYV	A	0.16%
PFG	C	0.16%
DRI	B	0.16%
COO	D	0.16%
HOOD	B	0.16%
OMC	B	0.16%
FDS	A	0.15%
DKNG	B	0.15%
ULTA	C	0.15%
BALL	D	0.15%
LUV	B	0.15%
BURL	C	0.14%
FWONK	C	0.14%
PNR	B	0.14%
PINS	D	0.14%
KEY	B	0.14%
DGX	A	0.14%
LVS	C	0.14%
VRSN	C	0.13%
TWLO	B	0.13%
EG	D	0.13%
DPZ	C	0.13%
PSTG	D	0.13%
TXT	D	0.13%
AVY	F	0.13%
KIM	B	0.13%
HEI	C	0.13%
EQH	B	0.12%
AMCR	D	0.12%
LNT	C	0.12%
ACM	B	0.12%
NTRA	B	0.12%
FNF	C	0.12%
VTRS	B	0.12%
APTV	F	0.12%
AVTR	F	0.12%
GLPI	D	0.11%
SOFI	B	0.11%
AKAM	F	0.11%
RNR	D	0.11%
SWK	F	0.11%
TECH	C	0.1%
EMN	D	0.1%
SJM	F	0.1%
DUOL	B	0.1%
TPR	B	0.1%
DAY	B	0.1%
FTI	B	0.1%
ALLE	D	0.1%
NVT	B	0.1%
BMRN	F	0.1%
JLL	C	0.1%
CTLT	C	0.09%
WWD	B	0.09%
LBRDK	B	0.09%
AIZ	A	0.09%
SRPT	F	0.09%
CRL	C	0.09%
CAVA	B	0.09%
IPG	F	0.09%
UNM	A	0.09%
DKS	D	0.09%
CG	B	0.09%
HEI	C	0.09%
NCLH	A	0.09%
Z	B	0.09%
CE	F	0.08%
TFX	F	0.08%
MORN	A	0.08%
LNW	C	0.08%
ROKU	C	0.08%
EXAS	F	0.08%
CNH	D	0.08%
SNX	C	0.08%
AES	F	0.08%
GLOB	B	0.08%
NLY	D	0.08%
INGR	B	0.08%
LKQ	D	0.08%
CHDN	C	0.08%
ARMK	C	0.08%
FOXA	A	0.08%
ALLY	C	0.08%
TAP	B	0.08%
HII	D	0.07%
SNV	B	0.07%
SKX	F	0.07%
VOYA	A	0.07%
HRB	D	0.07%
CART	B	0.07%
CBSH	A	0.07%
MGM	F	0.07%
WYNN	F	0.07%
HSIC	F	0.07%
RIVN	F	0.07%
HRL	F	0.07%
CMA	B	0.07%
CZR	D	0.07%
MOS	D	0.07%
RL	B	0.07%
HAS	D	0.07%
AAL	B	0.07%
NYT	C	0.07%
X	B	0.07%
AZEK	B	0.06%
H	C	0.06%
VMI	B	0.06%
R	B	0.06%
MASI	B	0.06%
GXO	B	0.06%
DOCS	B	0.06%
VFC	C	0.06%
OSK	B	0.06%
WH	A	0.06%
FMC	F	0.06%
ESAB	B	0.06%
SMAR	B	0.06%
MTCH	F	0.06%
FLS	B	0.06%
BILL	A	0.06%
THO	B	0.05%
VVV	B	0.05%
CRUS	F	0.05%
LITE	B	0.05%
JHG	B	0.05%
BC	D	0.05%
THG	A	0.05%
INSP	D	0.05%
FNB	A	0.05%
IDA	A	0.05%
PVH	C	0.05%
AMG	C	0.05%
WHR	B	0.05%
BEN	C	0.05%
OLLI	D	0.05%
CROX	F	0.05%
IONS	F	0.05%
VNT	B	0.05%
CLF	D	0.05%
ETSY	C	0.05%
OMF	B	0.05%
LFUS	D	0.05%
MTG	D	0.05%
KD	B	0.05%
SIRI	C	0.05%
COLB	B	0.05%
LAZ	B	0.05%
ESI	B	0.05%
DAR	B	0.05%
ALK	A	0.05%
LYFT	B	0.05%
NOV	D	0.05%
ELF	C	0.05%
FAF	D	0.05%
WBA	D	0.05%
DBX	B	0.05%
IVZ	C	0.05%
AXS	B	0.05%
PARA	C	0.05%
MAT	C	0.05%
AZPN	B	0.05%
MTDR	C	0.05%
AWI	A	0.05%
BPOP	C	0.05%
BBWI	C	0.05%
HR	C	0.05%
EEFT	C	0.04%
SLGN	A	0.04%
RARE	F	0.04%
AGO	B	0.04%
RYN	F	0.04%
SEE	C	0.04%
WTM	A	0.04%
FIVE	F	0.04%
CUZ	C	0.04%
KRC	C	0.04%
OZK	B	0.04%
AL	B	0.04%
TKR	F	0.04%
ST	F	0.04%
RH	B	0.04%
UGI	D	0.04%
SON	F	0.04%
HXL	D	0.04%
SLM	B	0.04%
LOPE	B	0.04%
AVT	C	0.04%
BYD	A	0.04%
PSN	A	0.04%
BROS	B	0.04%
NXST	C	0.04%
CCCS	B	0.04%
OLN	D	0.04%
LNC	B	0.04%
CIVI	F	0.04%
NFG	C	0.04%
LEA	F	0.04%
FOX	A	0.04%
RITM	D	0.04%
VNOM	C	0.04%
TPG	B	0.04%
AMED	F	0.03%
PENN	B	0.03%
BHF	B	0.03%
RNG	C	0.03%
APLS	F	0.03%
ECG	C	0.03%
YETI	C	0.03%
LBTYA	C	0.03%
LBTYK	D	0.03%
VAC	B	0.03%
HUN	F	0.03%
WEN	C	0.03%
ZG	B	0.03%
EPR	D	0.03%
IRDM	C	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	A	0.03%
XRAY	F	0.03%
SPR	F	0.03%
MDU	F	0.03%
W	F	0.03%
NWS	B	0.03%
DNB	B	0.03%
ZI	C	0.03%
NEU	C	0.03%
NWL	B	0.03%
PEGA	A	0.03%
DXC	B	0.03%
HOG	F	0.03%
IAC	F	0.03%
FLO	F	0.03%
CHH	B	0.03%
ASH	F	0.03%
MSM	B	0.03%
KMPR	A	0.03%
LINE	F	0.03%
AMTM	C	0.03%
OGN	F	0.03%
MSGS	B	0.03%
GTES	B	0.03%
M	D	0.03%
CLVT	F	0.02%
VSTS	D	0.02%
KSS	F	0.02%
CNXC	F	0.02%
FTRE	D	0.02%
ALAB	B	0.02%
RCM	B	0.02%
AAP	D	0.02%
HAYW	C	0.02%
ADT	B	0.02%
JWN	B	0.02%
IPGP	C	0.02%
CPRI	F	0.02%
CWEN	D	0.02%
QDEL	F	0.02%
AZTA	D	0.02%
PINC	B	0.02%
SHC	D	0.02%
SPB	A	0.02%
ENOV	C	0.02%
MP	B	0.02%
WU	F	0.02%
HHH	B	0.02%
ALGM	F	0.02%
FIVN	C	0.02%
SAM	B	0.02%
COTY	F	0.02%
CXT	D	0.02%
VIRT	B	0.02%
CACC	F	0.02%
DV	C	0.02%
COLM	B	0.02%
LLYVK	B	0.02%
TDC	D	0.02%
MPW	F	0.02%
CC	D	0.02%
NSA	D	0.02%
MAN	F	0.02%
PK	B	0.02%
SMG	C	0.02%
SEB	F	0.01%
TFSL	A	0.01%
CWEN	D	0.01%
LOAR	B	0.01%
CNA	D	0.01%
AS	B	0.01%
DDS	C	0.01%
LLYVA	A	0.01%
WOLF	F	0.01%
PYCR	C	0.01%
CERT	F	0.01%
SNDR	A	0.01%
REYN	D	0.01%
CAR	C	0.01%
LEG	F	0.01%
TXG	F	0.01%
TRIP	D	0.01%
UA	B	0.01%
GO	D	0.01%
FWONA	B	0.01%
CRI	F	0.01%
QS	F	0.01%
UAA	B	0.01%
BIRK	F	0.01%
DJT	D	0.01%
PARAA	B	0.0%
SEG	C	0.0%
GRAL	C	0.0%
NFE	F	0.0%
PLTK	B	0.0%

IWR Underweight 89 Positions Relative to PTL

Symbol	Grade	Weight
AVGO	B	-5.69%
XOM	B	-3.78%
HD	B	-2.75%
LIN	D	-1.54%
QCOM	F	-1.36%
ISRG	A	-1.31%
CAT	B	-1.25%
NEE	D	-1.13%
LOW	B	-1.06%
PGR	B	-1.05%
ANET	C	-0.9%
ADP	A	-0.86%
PANW	A	-0.85%
UPS	D	-0.8%
PLD	F	-0.78%
ELV	F	-0.72%
REGN	F	-0.72%
SHW	B	-0.68%
KLAC	F	-0.65%
ICE	D	-0.64%
APH	B	-0.61%
WM	A	-0.61%
CTAS	A	-0.6%
GEV	B	-0.59%
SNPS	B	-0.59%
PH	B	-0.59%
WELL	B	-0.58%
SCCO	D	-0.58%
MRVL	B	-0.56%
FDX	B	-0.54%
EOG	B	-0.51%
EMR	A	-0.47%
ORLY	A	-0.47%
CSX	B	-0.47%
RSG	A	-0.45%
FCX	F	-0.44%
FTNT	A	-0.42%
ROP	B	-0.42%
CEG	D	-0.42%
SLB	D	-0.42%
PSA	D	-0.42%
PCAR	B	-0.41%
NSC	B	-0.41%
MNST	B	-0.38%
NEM	F	-0.38%
CPRT	B	-0.36%
AZO	C	-0.36%
AIG	C	-0.35%
OXY	F	-0.34%
VLO	D	-0.31%
EW	F	-0.3%
SNOW	C	-0.28%
IOT	B	-0.19%
ERIE	F	-0.15%
SMMT	D	-0.12%
CRBG	C	-0.12%
PCVX	D	-0.1%
CHWY	B	-0.1%
FLEX	B	-0.1%
INSM	D	-0.09%
SFM	B	-0.09%
EDR	C	-0.09%
ENSG	C	-0.07%
FLR	C	-0.07%
HLNE	B	-0.07%
MLI	B	-0.07%
RVMD	B	-0.07%
UFPI	B	-0.06%
CRS	B	-0.06%
SSB	B	-0.06%
LNTH	F	-0.06%
KNTK	B	-0.06%
HESM	D	-0.06%
SUM	B	-0.06%
ALTR	C	-0.06%
AIT	A	-0.06%
SPSC	D	-0.05%
IBP	F	-0.05%
WTS	B	-0.05%
NUVL	D	-0.05%
GKOS	A	-0.05%
SATS	C	-0.05%
MTH	D	-0.05%
NPAB	F	-0.05%
AUR	C	-0.05%
HQY	A	-0.05%
TMHC	C	-0.05%
ESNT	D	-0.04%
TRNO	D	-0.04%