IWR vs. RECS ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Columbia Research Enhanced Core ETF (RECS)

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

$87.99

Average Daily Volume

1,177,576

Number of Holdings ^*

801

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$33.75

Average Daily Volume

252,272

Number of Holdings ^*

357

* may have additional holdings in another (foreign) market

Performance

Period	IWR	RECS
30 Days	4.19%	2.09%
60 Days	5.52%	3.72%
90 Days	8.27%	4.85%
12 Months	25.46%	32.65%

277 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in RECS	Overlap
	ACI	F	0.07%	0.04%	0.04%
	ACM	B	0.12%	0.06%	0.06%
	ADM	D	0.26%	0.15%	0.15%
	AEE	C	0.2%	0.18%	0.18%
	AES	C	0.11%	0.1%	0.1%
	AIZ	B	0.09%	0.06%	0.06%
	ALGM	F	0.01%	0.0%	0.0%
	ALL	B	0.43%	0.28%	0.28%
	ALNY	C	0.29%	0.06%	0.06%
	ALSN	B	0.07%	0.03%	0.03%
	AMG	C	0.05%	0.03%	0.03%
	AMH	C	0.12%	0.08%	0.08%
	AMKR	F	0.03%	0.01%	0.01%
	AOS	D	0.08%	0.05%	0.05%
	APG	D	0.07%	0.03%	0.03%
	APLS	F	0.03%	0.01%	0.01%
	APP	C	0.26%	0.06%	0.06%
	ARE	C	0.19%	0.12%	0.12%
	ARMK	B	0.09%	0.04%	0.04%
	ASH	D	0.04%	0.03%	0.03%
	AVTR	B	0.16%	0.12%	0.12%
	AXS	B	0.05%	0.04%	0.04%
	AYI	B	0.07%	0.04%	0.04%
	AZTA	F	0.02%	0.02%	0.02%
	BAX	C	0.18%	0.14%	0.14%
	BEN	F	0.05%	0.03%	0.03%
	BG	D	0.12%	0.07%	0.07%
	BIIB	F	0.25%	0.06%	0.06%
	BILL	D	0.05%	0.01%	0.01%
	BK	B	0.45%	0.29%	0.29%
	BLD	D	0.11%	0.04%	0.04%
	BLDR	C	0.19%	0.1%	0.1%
	BMRN	F	0.14%	0.03%	0.03%
	BR	D	0.22%	0.11%	0.11%
	BRBR	C	0.07%	0.04%	0.04%
	BRX	B	0.07%	0.05%	0.05%
	BURL	B	0.15%	0.06%	0.06%
	CACI	B	0.09%	0.05%	0.05%
	CAG	C	0.13%	0.08%	0.08%
	CAH	C	0.24%	0.19%	0.19%
	CBOE	C	0.19%	0.13%	0.13%
	CCL	C	0.15%	0.06%	0.06%
	CE	F	0.12%	0.11%	0.11%
	CF	C	0.13%	0.12%	0.12%
	CIEN	C	0.07%	0.02%	0.02%
	CIVI	F	0.05%	0.02%	0.02%
	CLF	F	0.05%	0.04%	0.04%
	CMI	C	0.36%	0.19%	0.19%
	CNA	C	0.01%	0.01%	0.01%
	CNC	D	0.35%	0.26%	0.26%
	CNM	F	0.06%	0.03%	0.03%
	COKE	C	0.07%	0.04%	0.04%
	COLB	B	0.04%	0.03%	0.03%
	COLM	C	0.02%	0.01%	0.01%
	CRI	D	0.02%	0.01%	0.01%
	CROX	D	0.07%	0.03%	0.03%
	CRUS	D	0.06%	0.02%	0.02%
	CSGP	D	0.28%	0.18%	0.18%
	CSL	B	0.17%	0.09%	0.09%
	CTRA	D	0.15%	0.05%	0.05%
	CVNA	B	0.13%	0.05%	0.05%
	CW	B	0.11%	0.05%	0.05%
	CWEN	C	0.02%	0.01%	0.01%
	CWEN	C	0.01%	0.02%	0.01%
	CWEN	C	0.02%	0.02%	0.02%
	CWEN	C	0.01%	0.01%	0.01%
	DAL	C	0.25%	0.13%	0.13%
	DBX	D	0.05%	0.01%	0.01%
	DCI	C	0.07%	0.04%	0.04%
	DDOG	D	0.29%	0.08%	0.08%
	DDS	F	0.01%	0.0%	0.0%
	DECK	C	0.21%	0.09%	0.09%
	DHI	B	0.5%	0.21%	0.21%
	DINO	F	0.06%	0.02%	0.02%
	DKS	D	0.11%	0.05%	0.05%
	DOCU	C	0.1%	0.03%	0.03%
	DTE	C	0.23%	0.21%	0.21%
	DTM	B	0.06%	0.02%	0.02%
	EA	D	0.34%	0.09%	0.09%
	EEFT	D	0.04%	0.02%	0.02%
	EG	C	0.15%	0.09%	0.09%
	EIX	C	0.28%	0.26%	0.26%
	ELAN	D	0.06%	0.05%	0.05%
	EME	B	0.16%	0.08%	0.08%
	EPR	B	0.03%	0.02%	0.02%
	EQH	C	0.11%	0.07%	0.07%
	ESAB	C	0.05%	0.02%	0.02%
	ETR	B	0.24%	0.21%	0.21%
	EVRG	B	0.12%	0.11%	0.11%
	EWBC	D	0.1%	0.06%	0.06%
	EXAS	C	0.1%	0.02%	0.02%
	EXC	C	0.35%	0.31%	0.31%
	EXEL	C	0.07%	0.01%	0.01%
	EXP	B	0.08%	0.07%	0.07%
	EXPD	C	0.15%	0.08%	0.08%
	EXPE	C	0.15%	0.06%	0.06%
	FANG	D	0.27%	0.1%	0.1%
	FCNCA	D	0.19%	0.13%	0.13%
	FFIV	B	0.11%	0.03%	0.03%
	FHN	D	0.08%	0.05%	0.05%
	FITB	B	0.25%	0.16%	0.16%
	FIX	B	0.11%	0.05%	0.05%
	FLS	D	0.05%	0.03%	0.03%
	FOX	B	0.04%	0.01%	0.01%
	FOXA	B	0.08%	0.02%	0.02%
	FTI	D	0.09%	0.03%	0.03%
	FTV	C	0.23%	0.12%	0.12%
	G	C	0.06%	0.03%	0.03%
	GAP	F	0.04%	0.02%	0.02%
	GIS	B	0.36%	0.22%	0.22%
	GL	C	0.09%	0.05%	0.05%
	GLPI	C	0.12%	0.08%	0.08%
	GNRC	D	0.07%	0.04%	0.04%
	GPN	D	0.25%	0.16%	0.16%
	GTES	C	0.03%	0.02%	0.02%
	GTLB	D	0.06%	0.02%	0.02%
	H	C	0.06%	0.02%	0.02%
	HIW	B	0.03%	0.02%	0.02%
	HLT	B	0.47%	0.2%	0.2%
	HOLX	B	0.16%	0.13%	0.13%
	HPE	D	0.19%	0.06%	0.06%
	HPQ	D	0.28%	0.09%	0.09%
	HRB	C	0.08%	0.03%	0.03%
	HST	C	0.11%	0.06%	0.06%
	INCY	C	0.1%	0.02%	0.02%
	INGR	B	0.08%	0.05%	0.05%
	INVH	C	0.2%	0.13%	0.13%
	IONS	F	0.06%	0.01%	0.01%
	ITT	B	0.1%	0.05%	0.05%
	JAZZ	D	0.06%	0.04%	0.04%
	JEF	B	0.09%	0.06%	0.06%
	JHG	B	0.04%	0.03%	0.03%
	JLL	B	0.1%	0.07%	0.07%
	JNPR	B	0.11%	0.03%	0.03%
	K	B	0.18%	0.11%	0.11%
	KEX	C	0.06%	0.03%	0.03%
	KR	C	0.32%	0.19%	0.19%
	KRC	B	0.04%	0.02%	0.02%
	L	C	0.13%	0.08%	0.08%
	LDOS	B	0.18%	0.1%	0.1%
	LEA	F	0.05%	0.02%	0.02%
	LECO	F	0.09%	0.04%	0.04%
	LEN	B	0.02%	0.01%	0.01%
	LEN	B	0.39%	0.16%	0.16%
	LEN	B	0.02%	0.16%	0.02%
	LEN	B	0.39%	0.01%	0.01%
	LNC	D	0.04%	0.03%	0.03%
	LNW	B	0.09%	0.04%	0.04%
	LPX	B	0.06%	0.05%	0.05%
	LSCC	D	0.05%	0.02%	0.02%
	LVS	D	0.13%	0.05%	0.05%
	LYB	D	0.21%	0.2%	0.2%
	M	F	0.04%	0.01%	0.01%
	MAN	C	0.03%	0.02%	0.02%
	MANH	B	0.14%	0.04%	0.04%
	MAS	B	0.15%	0.08%	0.08%
	MEDP	F	0.08%	0.06%	0.06%
	MGM	F	0.08%	0.03%	0.03%
	MHK	C	0.07%	0.03%	0.03%
	MIDD	D	0.06%	0.03%	0.03%
	MOS	F	0.07%	0.06%	0.06%
	MPWR	C	0.38%	0.1%	0.1%
	MRO	C	0.13%	0.05%	0.05%
	MSA	D	0.06%	0.03%	0.03%
	MSM	D	0.03%	0.02%	0.02%
	MTCH	C	0.08%	0.02%	0.02%
	MTD	D	0.25%	0.2%	0.2%
	MTG	B	0.06%	0.04%	0.04%
	NBIX	F	0.11%	0.03%	0.03%
	NEU	D	0.03%	0.03%	0.03%
	NI	B	0.13%	0.12%	0.12%
	NNN	C	0.08%	0.05%	0.05%
	NTAP	D	0.21%	0.06%	0.06%
	NTNX	C	0.13%	0.04%	0.04%
	NTRA	C	0.13%	0.03%	0.03%
	NUE	F	0.3%	0.28%	0.28%
	NVR	B	0.24%	0.1%	0.1%
	NWS	D	0.03%	0.01%	0.01%
	NWSA	D	0.09%	0.03%	0.03%
	NYT	C	0.07%	0.02%	0.02%
	OC	D	0.13%	0.06%	0.06%
	OGN	D	0.05%	0.04%	0.04%
	OLN	D	0.05%	0.04%	0.04%
	OTIS	C	0.33%	0.17%	0.17%
	OZK	D	0.04%	0.02%	0.02%
	PATH	D	0.04%	0.01%	0.01%
	PAYX	C	0.38%	0.2%	0.2%
	PCG	C	0.37%	0.34%	0.34%
	PEGA	C	0.03%	0.01%	0.01%
	PHM	B	0.26%	0.1%	0.1%
	PINC	C	0.02%	0.02%	0.02%
	PINS	F	0.15%	0.04%	0.04%
	PK	D	0.03%	0.02%	0.02%
	PKG	B	0.16%	0.15%	0.15%
	PLTK	C	0.0%	0.0%	0.0%
	PLTR	B	0.63%	0.2%	0.2%
	PPC	D	0.01%	0.01%	0.01%
	PPG	D	0.26%	0.24%	0.24%
	PRGO	D	0.03%	0.03%	0.03%
	PRU	C	0.37%	0.24%	0.24%
	PSTG	F	0.12%	0.04%	0.04%
	PVH	F	0.05%	0.02%	0.02%
	QRVO	F	0.09%	0.03%	0.03%
	R	A	0.05%	0.03%	0.03%
	RARE	B	0.05%	0.01%	0.01%
	RCL	B	0.35%	0.14%	0.14%
	REYN	C	0.02%	0.01%	0.01%
	RGA	C	0.12%	0.08%	0.08%
	RHI	D	0.06%	0.03%	0.03%
	RJF	C	0.2%	0.12%	0.12%
	RL	C	0.06%	0.03%	0.03%
	ROKU	C	0.08%	0.02%	0.02%
	ROST	C	0.45%	0.19%	0.19%
	RPM	B	0.13%	0.12%	0.12%
	RPRX	C	0.09%	0.08%	0.08%
	RS	D	0.14%	0.13%	0.13%
	RYN	C	0.04%	0.03%	0.03%
	SAIC	C	0.06%	0.03%	0.03%
	SAM	F	0.02%	0.01%	0.01%
	SBAC	C	0.23%	0.15%	0.15%
	SEB	D	0.01%	0.0%	0.0%
	SEIC	C	0.06%	0.04%	0.04%
	SF	A	0.08%	0.05%	0.05%
	SKX	D	0.08%	0.03%	0.03%
	SLM	D	0.04%	0.02%	0.02%
	SMAR	C	0.06%	0.02%	0.02%
	SMG	C	0.03%	0.02%	0.02%
	SNA	C	0.13%	0.07%	0.07%
	SNX	D	0.07%	0.02%	0.02%
	SOLV	C	0.08%	0.07%	0.07%
	SON	C	0.05%	0.04%	0.04%
	SPG	B	0.46%	0.3%	0.3%
	SRPT	D	0.1%	0.02%	0.02%
	SSNC	B	0.14%	0.07%	0.07%
	STAG	C	0.06%	0.04%	0.04%
	STLD	F	0.15%	0.13%	0.13%
	STT	A	0.22%	0.14%	0.14%
	SWK	B	0.14%	0.07%	0.07%
	SWKS	D	0.14%	0.04%	0.04%
	SYF	C	0.17%	0.11%	0.11%
	TAP	D	0.08%	0.05%	0.05%
	THC	A	0.14%	0.1%	0.1%
	THO	D	0.05%	0.02%	0.02%
	TNL	D	0.03%	0.01%	0.01%
	TOL	B	0.14%	0.05%	0.05%
	TPR	C	0.09%	0.04%	0.04%
	TROW	D	0.2%	0.13%	0.13%
	TTD	B	0.41%	0.11%	0.11%
	TXRH	C	0.1%	0.04%	0.04%
	UAL	C	0.14%	0.08%	0.08%
	UGI	C	0.04%	0.04%	0.04%
	UNM	B	0.07%	0.06%	0.06%
	UTHR	C	0.13%	0.03%	0.03%
	VIRT	C	0.02%	0.02%	0.02%
	VKTX	C	0.06%	0.01%	0.01%
	VRSN	D	0.14%	0.04%	0.04%
	VRT	C	0.27%	0.12%	0.12%
	VST	C	0.26%	0.21%	0.21%
	VTRS	D	0.12%	0.09%	0.09%
	WAB	B	0.26%	0.13%	0.13%
	WCC	D	0.06%	0.03%	0.03%
	WFRD	F	0.06%	0.02%	0.02%
	WH	B	0.05%	0.02%	0.02%
	WLK	D	0.04%	0.04%	0.04%
	WPC	C	0.12%	0.08%	0.08%
	WSM	D	0.16%	0.06%	0.06%
	WTFC	B	0.06%	0.04%	0.04%
	WTW	C	0.26%	0.17%	0.17%
	WU	F	0.03%	0.02%	0.02%
	WY	C	0.21%	0.13%	0.13%
	WYNN	D	0.07%	0.03%	0.03%
	XEL	B	0.31%	0.29%	0.29%
	XRAY	D	0.05%	0.04%	0.04%
	ZBH	F	0.19%	0.15%	0.15%
	ZION	D	0.06%	0.04%	0.04%
	ZM	C	0.15%	0.04%	0.04%
	ZS	F	0.14%	0.04%	0.04%

IWR Overweight 528 Positions Relative to RECS

	Symbol	Grade	Weight
	AJG	D	0.56%
	AFL	C	0.54%
	WMB	B	0.48%
	OKE	B	0.47%
	O	C	0.47%
	DLR	B	0.45%
	CCI	C	0.45%
	URI	B	0.42%
	FIS	B	0.41%
	AMP	A	0.39%
	KVUE	C	0.39%
	FICO	B	0.39%
	IQV	C	0.38%
	MSCI	C	0.38%
	GWW	B	0.38%
	LHX	C	0.38%
	PEG	B	0.37%
	KMI	B	0.36%
	LNG	C	0.36%
	MCHP	F	0.36%
	IDXX	C	0.36%
	CTVA	B	0.35%
	FAST	C	0.35%
	A	C	0.35%
	COR	D	0.35%
	ACGL	C	0.35%
	CTSH	C	0.34%
	IT	B	0.34%
	AME	C	0.34%
	HUM	F	0.34%
	HWM	B	0.34%
	FERG	D	0.34%
	PWR	B	0.34%
	EXR	B	0.33%
	YUM	D	0.33%
	EFX	B	0.33%
	ODFL	D	0.33%
	SYY	D	0.33%
	VRSK	D	0.33%
	RMD	C	0.32%
	ED	C	0.32%
	CBRE	A	0.32%
	IR	C	0.32%
	GEHC	C	0.32%
	DOW	D	0.31%
	VICI	C	0.31%
	SQ	D	0.31%
	HES	F	0.31%
	DD	B	0.3%
	IRM	C	0.3%
	HIG	B	0.3%
	DFS	B	0.29%
	AVB	B	0.29%
	BKR	C	0.29%
	XYL	C	0.28%
	MLM	D	0.28%
	CHTR	D	0.28%
	EBAY	B	0.28%
	VEEV	C	0.28%
	COIN	F	0.28%
	GLW	C	0.28%
	TRGP	B	0.28%
	TSCO	C	0.27%
	ON	D	0.27%
	VMC	D	0.27%
	EQR	B	0.26%
	CDW	D	0.26%
	HSY	C	0.26%
	NDAQ	A	0.26%
	ROK	D	0.26%
	WEC	C	0.26%
	MTB	B	0.25%
	AWK	B	0.25%
	VLTO	C	0.24%
	AXON	B	0.24%
	DXCM	F	0.24%
	CPNG	B	0.24%
	ANSS	D	0.24%
	KEYS	C	0.23%
	VTR	C	0.23%
	ARES	B	0.23%
	IFF	B	0.23%
	GRMN	D	0.23%
	TYL	C	0.22%
	HAL	F	0.22%
	DVN	F	0.22%
	BRO	C	0.22%
	DOV	B	0.22%
	CHD	D	0.22%
	TTWO	C	0.22%
	FE	C	0.22%
	NET	D	0.21%
	ES	C	0.21%
	PPL	C	0.21%
	HUBS	D	0.21%
	STE	C	0.21%
	FSLR	C	0.21%
	SMCI	F	0.2%
	RBLX	B	0.2%
	WDC	D	0.19%
	BBY	C	0.19%
	CPAY	B	0.19%
	COO	B	0.19%
	GDDY	C	0.19%
	HUBB	B	0.19%
	WST	D	0.19%
	MSTR	D	0.19%
	ESS	B	0.18%
	TDY	B	0.18%
	TER	D	0.18%
	MKL	C	0.18%
	BAH	C	0.18%
	RF	B	0.18%
	PTC	D	0.18%
	ILMN	C	0.18%
	BALL	C	0.18%
	CLX	C	0.18%
	ATO	B	0.18%
	WBD	D	0.18%
	CMS	C	0.18%
	MOH	D	0.18%
	HBAN	B	0.18%
	CINF	B	0.18%
	MKC	C	0.18%
	LII	B	0.17%
	PFG	B	0.17%
	DRI	B	0.17%
	GPC	D	0.17%
	WAT	C	0.17%
	MAA	B	0.17%
	OMC	B	0.17%
	TRU	B	0.17%
	EQT	D	0.17%
	MDB	D	0.17%
	NTRS	A	0.16%
	J	C	0.16%
	ULTA	D	0.16%
	SUI	B	0.16%
	ALGN	D	0.16%
	WRB	C	0.16%
	CFG	C	0.16%
	DG	F	0.16%
	LH	C	0.16%
	APTV	D	0.16%
	HEI	B	0.15%
	ENTG	F	0.15%
	TXT	D	0.15%
	DKNG	C	0.15%
	IP	B	0.15%
	FDS	C	0.15%
	DGX	B	0.15%
	LUV	C	0.15%
	ZBRA	B	0.15%
	TSN	C	0.15%
	NRG	C	0.15%
	AVY	C	0.15%
	CNP	C	0.15%
	FWONK	C	0.14%
	LYV	B	0.14%
	AMCR	B	0.14%
	KIM	C	0.14%
	DOC	C	0.14%
	PODD	B	0.14%
	WSO	C	0.14%
	ENPH	D	0.13%
	HOOD	C	0.13%
	AKAM	D	0.13%
	GEN	B	0.13%
	RVTY	B	0.13%
	KEY	B	0.13%
	FNF	B	0.13%
	IEX	D	0.13%
	PNR	B	0.13%
	TPL	B	0.13%
	LNT	B	0.13%
	LPLA	D	0.13%
	UDR	C	0.13%
	POOL	C	0.12%
	DT	C	0.12%
	IBKR	B	0.12%
	UHS	B	0.12%
	RNR	C	0.12%
	TW	B	0.12%
	TRMB	C	0.12%
	REG	C	0.12%
	USFD	B	0.12%
	GGG	C	0.12%
	JBHT	D	0.12%
	DPZ	F	0.12%
	ELS	C	0.12%
	GWRE	A	0.12%
	ROL	C	0.12%
	CASY	D	0.12%
	DLTR	F	0.12%
	NDSN	C	0.12%
	CUBE	B	0.11%
	EMN	B	0.11%
	TTEK	C	0.11%
	ALLE	B	0.11%
	KMX	D	0.11%
	JBL	D	0.11%
	SJM	C	0.11%
	XPO	D	0.11%
	BXP	B	0.11%
	CLH	A	0.11%
	JKHY	B	0.11%
	CPT	B	0.11%
	REXR	C	0.1%
	LKQ	F	0.1%
	NVT	D	0.1%
	RIVN	F	0.1%
	EPAM	F	0.1%
	PFGC	B	0.1%
	LAMR	B	0.1%
	SCI	B	0.1%
	HEI	B	0.1%
	SAIA	D	0.1%
	OKTA	F	0.1%
	CHRW	B	0.1%
	SW	B	0.1%
	TECH	C	0.1%
	WING	B	0.1%
	TFX	C	0.1%
	IPG	C	0.1%
	TOST	C	0.1%
	FND	C	0.1%
	OLED	C	0.09%
	CHDN	C	0.09%
	WMS	D	0.09%
	CPB	C	0.09%
	AFG	B	0.09%
	WWD	D	0.09%
	WTRG	D	0.09%
	DOX	C	0.09%
	OHI	B	0.09%
	ATR	B	0.09%
	MUSA	D	0.09%
	AFRM	C	0.09%
	CRL	F	0.09%
	KNSL	C	0.09%
	ALB	D	0.09%
	NLY	B	0.09%
	RRX	C	0.09%
	PNW	C	0.09%
	COHR	C	0.09%
	TWLO	D	0.09%
	FBIN	B	0.09%
	HII	D	0.09%
	OVV	F	0.09%
	CCK	A	0.09%
	BJ	D	0.09%
	CTLT	B	0.09%
	PAYC	D	0.08%
	TPX	C	0.08%
	EVR	A	0.08%
	APA	F	0.08%
	TTC	D	0.08%
	DAY	D	0.08%
	WAL	B	0.08%
	OWL	C	0.08%
	CG	D	0.08%
	EGP	B	0.08%
	FYBR	C	0.08%
	BWXT	D	0.08%
	PRI	B	0.08%
	HSIC	C	0.08%
	ORI	B	0.08%
	CNH	D	0.08%
	ALLY	F	0.08%
	GPK	B	0.08%
	TKO	B	0.08%
	LW	D	0.08%
	EHC	C	0.08%
	HRL	C	0.08%
	CAVA	B	0.08%
	RGLD	C	0.08%
	Z	B	0.08%
	MKTX	C	0.08%
	HAS	B	0.08%
	FRT	C	0.08%
	ONTO	D	0.08%
	CHK	D	0.08%
	BWA	D	0.07%
	MKSI	F	0.07%
	CR	C	0.07%
	BERY	B	0.07%
	ADC	C	0.07%
	LAD	D	0.07%
	VOYA	B	0.07%
	ATI	C	0.07%
	AXTA	B	0.07%
	AR	F	0.07%
	SSD	D	0.07%
	WBS	D	0.07%
	ITCI	D	0.07%
	FCN	D	0.07%
	RGEN	F	0.07%
	GMED	D	0.07%
	FMC	C	0.07%
	HLI	B	0.07%
	SOFI	C	0.07%
	X	F	0.07%
	BFAM	C	0.07%
	RBC	C	0.07%
	OGE	C	0.07%
	AA	D	0.07%
	KNX	C	0.07%
	NCLH	C	0.07%
	GLOB	D	0.07%
	DVA	B	0.07%
	COLD	D	0.07%
	MORN	C	0.07%
	KBR	D	0.07%
	WEX	C	0.07%
	CHRD	F	0.07%
	DUOL	B	0.07%
	CZR	C	0.07%
	PR	F	0.07%
	CHE	C	0.07%
	BIO	C	0.06%
	STWD	B	0.06%
	CART	A	0.06%
	AZEK	C	0.06%
	RLI	B	0.06%
	VNO	B	0.06%
	AAON	B	0.06%
	CFR	C	0.06%
	LSTR	D	0.06%
	MAT	C	0.06%
	VFC	C	0.06%
	ETSY	F	0.06%
	PB	B	0.06%
	FRPT	B	0.06%
	WBA	F	0.06%
	OSK	F	0.06%
	RYAN	D	0.06%
	SNV	C	0.06%
	CGNX	F	0.06%
	FAF	B	0.06%
	LBRDK	F	0.06%
	ARW	C	0.06%
	GNTX	F	0.06%
	MTN	D	0.06%
	SN	B	0.06%
	RRC	D	0.06%
	BRKR	D	0.06%
	SWN	D	0.06%
	PEN	D	0.06%
	PCTY	C	0.06%
	AAL	D	0.06%
	BSY	D	0.06%
	UHAL	A	0.06%
	MTZ	B	0.06%
	BPOP	C	0.06%
	ACHC	C	0.06%
	TREX	D	0.06%
	HR	C	0.06%
	PLNT	B	0.06%
	AGNC	B	0.06%
	PNFP	B	0.06%
	WSC	D	0.06%
	CMA	B	0.06%
	CBSH	C	0.06%
	FR	B	0.06%
	VNT	F	0.05%
	ST	D	0.05%
	FNB	C	0.05%
	WHR	D	0.05%
	S	C	0.05%
	IDA	C	0.05%
	KD	D	0.05%
	ALK	C	0.05%
	FIVE	D	0.05%
	NXST	D	0.05%
	VVV	D	0.05%
	LAZ	B	0.05%
	OMF	D	0.05%
	BC	C	0.05%
	THG	B	0.05%
	VMI	D	0.05%
	NFG	B	0.05%
	AWI	B	0.05%
	GME	F	0.05%
	DAR	F	0.05%
	MDU	C	0.05%
	AGCO	D	0.05%
	MTSI	D	0.05%
	SRCL	A	0.05%
	ESI	D	0.05%
	POST	C	0.05%
	RITM	B	0.05%
	MTDR	F	0.05%
	IVZ	B	0.05%
	U	D	0.05%
	CELH	F	0.05%
	OLLI	C	0.05%
	SIRI	C	0.05%
	GXO	D	0.05%
	INSP	C	0.05%
	AZPN	B	0.05%
	PCOR	F	0.05%
	LFUS	C	0.05%
	ESTC	F	0.05%
	BBWI	F	0.05%
	ELF	F	0.05%
	PARA	F	0.05%
	SITE	C	0.05%
	NOV	F	0.05%
	LYFT	D	0.04%
	SLGN	B	0.04%
	LOPE	D	0.04%
	DLB	D	0.04%
	ROIV	C	0.04%
	BYD	C	0.04%
	PII	D	0.04%
	CPRI	D	0.04%
	FLO	C	0.04%
	AN	D	0.04%
	W	D	0.04%
	WTM	D	0.04%
	AGO	C	0.04%
	CUZ	B	0.04%
	SEE	D	0.04%
	PSN	B	0.04%
	AL	D	0.04%
	HOG	C	0.04%
	AVT	C	0.04%
	DOCS	B	0.04%
	TPG	B	0.04%
	RH	B	0.04%
	MASI	F	0.04%
	CCCS	D	0.04%
	CFLT	F	0.04%
	APPF	D	0.04%
	HXL	F	0.04%
	AM	C	0.04%
	FOUR	C	0.04%
	TKR	D	0.04%
	PAG	D	0.03%
	CXT	D	0.03%
	FHB	D	0.03%
	WEN	C	0.03%
	PENN	D	0.03%
	BROS	D	0.03%
	AMED	C	0.03%
	CNXC	F	0.03%
	IRDM	D	0.03%
	NWL	C	0.03%
	HCP	B	0.03%
	ZI	D	0.03%
	NVST	D	0.03%
	LBTYA	B	0.03%
	YETI	D	0.03%
	NSA	B	0.03%
	DNB	C	0.03%
	LBTYK	B	0.03%
	LCID	C	0.03%
	CHH	C	0.03%
	HUN	D	0.03%
	KMPR	D	0.03%
	COTY	F	0.03%
	LITE	B	0.03%
	MPW	C	0.03%
	MSGS	B	0.03%
	DXC	C	0.03%
	SPR	D	0.03%
	IAC	C	0.03%
	GFS	F	0.03%
	VNOM	C	0.03%
	FWONA	C	0.02%
	FTRE	D	0.02%
	AS	C	0.02%
	BIRK	F	0.02%
	MP	D	0.02%
	HAYW	C	0.02%
	IPGP	F	0.02%
	LLYVK	B	0.02%
	VSTS	D	0.02%
	ADT	C	0.02%
	QS	F	0.02%
	FIVN	F	0.02%
	KSS	F	0.02%
	JWN	C	0.02%
	RCM	C	0.02%
	HHH	C	0.02%
	TXG	D	0.02%
	ENOV	D	0.02%
	RNG	F	0.02%
	BOKF	B	0.02%
	QDEL	D	0.02%
	AAP	F	0.02%
	NCNO	D	0.02%
	DV	F	0.02%
	SHC	C	0.02%
	AGR	B	0.02%
	VAC	F	0.02%
	CLVT	D	0.02%
	CACC	F	0.02%
	CC	F	0.02%
	SPB	C	0.02%
	ZG	B	0.02%
	RKT	C	0.02%
	TDC	F	0.02%
	BHF	F	0.02%
	TFSL	C	0.01%
	NFE	F	0.01%
	UI	B	0.01%
	LLYVA	B	0.01%
	LOAR	C	0.01%
	ALAB	D	0.01%
	UWMC	D	0.01%
	PYCR	D	0.01%
	DJT	F	0.01%
	LBRDA	F	0.01%
	WOLF	F	0.01%
	SNDR	B	0.01%
	CAR	F	0.01%
	CERT	F	0.01%
	UAA	C	0.01%
	TRIP	F	0.01%
	UA	D	0.01%
	GO	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	SEG	C	0.0%
	PARAA	D	0.0%
	GRAL	F	0.0%
	UHAL	A	0.0%

IWR Underweight 84 Positions Relative to RECS

	Symbol	Grade	Weight
	AAPL	C	-8.58%
	MSFT	C	-8.1%
	NVDA	D	-7.05%
	AMZN	C	-4.86%
	JPM	D	-3.43%
	META	B	-2.8%
	JNJ	C	-2.78%
	PG	C	-2.24%
	GOOGL	D	-2.14%
	GOOG	D	-1.81%
	TMO	B	-1.63%
	XOM	C	-1.56%
	BAC	D	-1.55%
	WFC	D	-1.1%
	PM	C	-1.07%
	MDT	C	-0.82%
	CAT	B	-0.77%
	BLK	B	-0.75%
	CVX	D	-0.75%
	ABBV	C	-0.71%
	UNP	C	-0.71%
	CI	C	-0.69%
	BMY	C	-0.68%
	ADBE	F	-0.67%
	MMC	C	-0.66%
	UBER	C	-0.65%
	AMT	C	-0.64%
	C	C	-0.64%
	CRM	D	-0.6%
	LMT	C	-0.57%
	ADP	B	-0.53%
	HCA	B	-0.52%
	CSCO	C	-0.52%
	TJX	B	-0.51%
	BKNG	C	-0.5%
	MO	C	-0.49%
	QCOM	D	-0.48%
	BDX	D	-0.47%
	NOW	B	-0.46%
	MCK	F	-0.46%
	EQIX	C	-0.46%
	CME	C	-0.46%
	CL	D	-0.46%
	INTU	C	-0.45%
	UPS	D	-0.44%
	PYPL	B	-0.41%
	DIS	D	-0.4%
	WM	D	-0.39%
	T	C	-0.38%
	TT	B	-0.37%
	TGT	C	-0.36%
	PH	B	-0.35%
	AMGN	B	-0.35%
	CTAS	B	-0.33%
	MMM	B	-0.33%
	CSX	D	-0.31%
	FDX	C	-0.3%
	KMB	D	-0.27%
	PANW	D	-0.27%
	LRCX	F	-0.26%
	MET	B	-0.25%
	REGN	C	-0.24%
	VRTX	D	-0.24%
	ANET	B	-0.23%
	PCAR	D	-0.23%
	EOG	D	-0.21%
	MSI	B	-0.2%
	GILD	B	-0.19%
	MPC	F	-0.18%
	KHC	C	-0.17%
	PSX	F	-0.17%
	CRWD	D	-0.15%
	VLO	F	-0.14%
	FTNT	C	-0.13%
	LULU	D	-0.12%
	SPOT	B	-0.12%
	OXY	F	-0.11%
	QGEN	C	-0.07%
	DELL	D	-0.07%
	TEAM	D	-0.06%
	MRNA	F	-0.05%
	CRBG	D	-0.04%
	XP	D	-0.04%
	ADTN	D	-0.01%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Oil & Gas E&P Utilities - Regulated Electric Asset Management 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

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Semiconductors Software - Infrastructure Business Services Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Bank Biotechnology Medicine Banking Electricity IBD 50 Work From Home Clothing Dow Jones Component Mining Real Estate Investment Trust Software Telecommunications Electronics Life Insurance