IWR vs. ROUS ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Lattice U.S. Equity Strategy ETF (ROUS)

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

$91.73

Average Daily Volume

1,440,648

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$52.56

Average Daily Volume

58,484

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	IWR	ROUS
30 Days	1.88%	0.08%
60 Days	5.27%	2.69%
90 Days	7.98%	4.39%
12 Months	30.38%	27.41%

194 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in ROUS	Overlap
	AAON	B	0.08%	0.02%	0.02%
	ACGL	D	0.3%	0.24%	0.24%
	ACI	C	0.07%	0.41%	0.07%
	ADC	A	0.06%	0.17%	0.06%
	ADM	D	0.21%	0.03%	0.03%
	AEE	A	0.2%	0.13%	0.13%
	AFL	C	0.51%	0.32%	0.32%
	AIZ	A	0.09%	0.09%	0.09%
	AKAM	F	0.11%	0.04%	0.04%
	ALL	A	0.43%	0.14%	0.14%
	ALSN	B	0.08%	0.49%	0.08%
	AMCR	D	0.12%	0.1%	0.1%
	AN	D	0.03%	0.22%	0.03%
	AOS	F	0.07%	0.01%	0.01%
	APPF	C	0.04%	0.07%	0.04%
	ARW	F	0.05%	0.19%	0.05%
	ATR	B	0.09%	0.08%	0.08%
	AVB	B	0.27%	0.12%	0.12%
	AVT	C	0.04%	0.69%	0.04%
	AVY	D	0.13%	0.01%	0.01%
	AWI	B	0.06%	0.05%	0.05%
	AXS	A	0.06%	0.37%	0.06%
	AYI	B	0.08%	0.22%	0.08%
	BAH	D	0.16%	0.17%	0.16%
	BBY	D	0.16%	0.35%	0.16%
	BJ	B	0.1%	0.09%	0.09%
	BK	B	0.48%	0.48%	0.48%
	BLDR	D	0.17%	0.12%	0.12%
	BPOP	C	0.06%	0.14%	0.06%
	BR	B	0.22%	0.05%	0.05%
	CACI	C	0.09%	0.24%	0.09%
	CAH	B	0.24%	0.17%	0.17%
	CASY	A	0.12%	0.26%	0.12%
	CBOE	C	0.17%	0.09%	0.09%
	CCI	C	0.37%	0.04%	0.04%
	CDW	F	0.2%	0.33%	0.2%
	CF	A	0.13%	0.03%	0.03%
	CHE	F	0.07%	0.13%	0.07%
	CHRD	F	0.07%	0.09%	0.07%
	CHRW	B	0.11%	0.38%	0.11%
	CHTR	B	0.3%	0.02%	0.02%
	CIEN	B	0.08%	0.02%	0.02%
	CINF	A	0.19%	0.5%	0.19%
	CMI	A	0.41%	0.48%	0.41%
	CNC	F	0.25%	0.1%	0.1%
	COKE	C	0.06%	0.13%	0.06%
	COR	B	0.33%	0.27%	0.27%
	CRUS	F	0.04%	0.32%	0.04%
	CTSH	C	0.32%	0.75%	0.32%
	DBX	C	0.05%	0.43%	0.05%
	DCI	B	0.08%	0.24%	0.08%
	DGX	A	0.15%	0.27%	0.15%
	DHI	D	0.39%	0.19%	0.19%
	DKS	D	0.09%	0.21%	0.09%
	DLB	F	0.03%	0.25%	0.03%
	DOV	B	0.23%	0.13%	0.13%
	DTE	C	0.2%	0.23%	0.2%
	DVN	F	0.2%	0.1%	0.1%
	EA	A	0.36%	0.77%	0.36%
	EBAY	D	0.26%	0.33%	0.26%
	ED	C	0.28%	0.23%	0.23%
	EG	D	0.13%	0.26%	0.13%
	EHC	B	0.08%	0.02%	0.02%
	EIX	C	0.26%	0.12%	0.12%
	EME	A	0.19%	0.39%	0.19%
	EQR	C	0.23%	0.12%	0.12%
	ETR	A	0.26%	0.37%	0.26%
	EXC	C	0.32%	0.08%	0.08%
	EXEL	B	0.08%	0.29%	0.08%
	FANG	D	0.27%	0.12%	0.12%
	FAST	B	0.39%	0.49%	0.39%
	FCN	F	0.06%	0.14%	0.06%
	FE	C	0.2%	0.17%	0.17%
	FFIV	B	0.11%	0.42%	0.11%
	FHN	A	0.09%	0.02%	0.02%
	FICO	B	0.44%	0.67%	0.44%
	FITB	B	0.26%	0.17%	0.17%
	FLO	D	0.03%	0.19%	0.03%
	FOXA	B	0.09%	0.58%	0.09%
	GDDY	A	0.21%	0.52%	0.21%
	GEN	B	0.13%	0.21%	0.13%
	GIS	F	0.29%	0.14%	0.14%
	GLPI	C	0.11%	0.08%	0.08%
	GLW	B	0.29%	0.54%	0.29%
	GPC	F	0.14%	0.33%	0.14%
	GPK	D	0.07%	0.23%	0.07%
	GRMN	B	0.27%	0.3%	0.27%
	GWRE	A	0.13%	0.07%	0.07%
	GWW	B	0.42%	0.58%	0.42%
	HBAN	B	0.21%	0.23%	0.21%
	HPE	B	0.23%	0.86%	0.23%
	HPQ	B	0.3%	1.07%	0.3%
	HRB	D	0.07%	0.49%	0.07%
	HSY	F	0.21%	0.27%	0.21%
	HUBB	B	0.19%	0.09%	0.09%
	HUM	D	0.27%	0.53%	0.27%
	INCY	C	0.1%	0.44%	0.1%
	INGR	B	0.08%	0.08%	0.08%
	IP	A	0.16%	0.04%	0.04%
	IRM	C	0.28%	0.18%	0.18%
	IT	C	0.32%	0.56%	0.32%
	ITCI	B	0.07%	0.04%	0.04%
	JBL	C	0.12%	0.16%	0.12%
	JHG	B	0.05%	0.08%	0.05%
	JNPR	D	0.1%	0.4%	0.1%
	KD	A	0.05%	0.22%	0.05%
	KEYS	C	0.21%	0.25%	0.21%
	KR	B	0.32%	0.84%	0.32%
	L	A	0.12%	0.1%	0.1%
	LAMR	D	0.09%	0.13%	0.09%
	LDOS	C	0.18%	0.11%	0.11%
	LFUS	D	0.05%	0.04%	0.04%
	LII	A	0.16%	0.12%	0.12%
	LNC	B	0.04%	0.06%	0.04%
	LNG	A	0.4%	0.33%	0.33%
	LOPE	B	0.04%	0.25%	0.04%
	LSTR	D	0.05%	0.23%	0.05%
	LYB	F	0.18%	0.17%	0.17%
	MANH	D	0.14%	0.24%	0.14%
	MAS	D	0.14%	0.26%	0.14%
	MCHP	F	0.27%	0.21%	0.21%
	MKL	A	0.18%	0.33%	0.18%
	MPWR	F	0.22%	0.01%	0.01%
	MSA	D	0.05%	0.02%	0.02%
	MTB	A	0.29%	0.62%	0.29%
	MTD	F	0.21%	0.11%	0.11%
	MTG	D	0.05%	0.14%	0.05%
	MUSA	B	0.08%	0.64%	0.08%
	NFG	A	0.05%	0.24%	0.05%
	NNN	C	0.06%	0.07%	0.06%
	NRG	B	0.16%	0.51%	0.16%
	NTAP	C	0.2%	1.0%	0.2%
	NVR	D	0.21%	0.24%	0.21%
	NWSA	B	0.09%	0.03%	0.03%
	NXST	C	0.04%	0.04%	0.04%
	NYT	D	0.07%	0.35%	0.07%
	O	C	0.41%	0.14%	0.14%
	OC	A	0.14%	0.2%	0.14%
	OGE	A	0.07%	0.08%	0.07%
	OGN	F	0.03%	0.2%	0.03%
	OHI	B	0.08%	0.02%	0.02%
	OMC	C	0.15%	0.15%	0.15%
	ORI	A	0.08%	0.31%	0.08%
	OTIS	C	0.33%	0.28%	0.28%
	PAYX	B	0.38%	0.02%	0.02%
	PEG	C	0.37%	0.24%	0.24%
	PHM	D	0.22%	0.29%	0.22%
	PKG	B	0.17%	0.23%	0.17%
	PPG	F	0.24%	0.16%	0.16%
	PPL	A	0.21%	0.19%	0.19%
	PRU	B	0.38%	0.25%	0.25%
	PSTG	F	0.12%	0.12%	0.12%
	PTC	B	0.19%	0.06%	0.06%
	R	B	0.06%	0.23%	0.06%
	RF	A	0.2%	0.27%	0.2%
	RGA	B	0.13%	0.14%	0.13%
	RHI	C	0.06%	0.29%	0.06%
	RL	C	0.07%	0.14%	0.07%
	RMD	C	0.28%	0.3%	0.28%
	RNR	C	0.11%	0.16%	0.11%
	ROL	B	0.12%	0.14%	0.12%
	RPM	B	0.14%	0.44%	0.14%
	RS	B	0.15%	0.39%	0.15%
	SEE	D	0.04%	0.02%	0.02%
	SKX	F	0.07%	0.16%	0.07%
	SLGN	A	0.04%	0.02%	0.02%
	SNA	B	0.15%	0.25%	0.15%
	SNX	D	0.07%	0.25%	0.07%
	SON	F	0.04%	0.2%	0.04%
	SPG	A	0.48%	0.07%	0.07%
	STLD	B	0.17%	0.3%	0.17%
	STT	B	0.24%	0.25%	0.24%
	SW	A	0.22%	0.38%	0.22%
	SWKS	F	0.11%	0.15%	0.11%
	SYF	B	0.21%	0.31%	0.21%
	SYY	D	0.31%	0.26%	0.26%
	TER	F	0.13%	0.33%	0.13%
	TSCO	D	0.24%	0.32%	0.24%
	UNM	A	0.1%	0.41%	0.1%
	UTHR	C	0.13%	0.42%	0.13%
	VICI	C	0.27%	0.31%	0.27%
	VMI	B	0.06%	0.1%	0.06%
	VNT	C	0.05%	0.36%	0.05%
	VRSK	B	0.33%	0.19%	0.19%
	VRSN	F	0.13%	0.36%	0.13%
	VST	A	0.4%	0.16%	0.16%
	VTR	B	0.21%	0.02%	0.02%
	WEC	A	0.26%	0.13%	0.13%
	WPC	C	0.1%	0.01%	0.01%
	WSM	D	0.14%	0.22%	0.14%
	WSO	A	0.15%	0.19%	0.15%
	WTM	A	0.04%	0.29%	0.04%
	XEL	A	0.32%	0.27%	0.27%
	YUM	D	0.31%	0.3%	0.3%

IWR Overweight 609 Positions Relative to ROUS

	Symbol	Grade	Weight
	PLTR	A	1.09%
	APP	A	0.63%
	WMB	A	0.57%
	OKE	A	0.53%
	AJG	B	0.52%
	COIN	A	0.5%
	HLT	A	0.5%
	DLR	A	0.48%
	URI	B	0.46%
	AMP	A	0.46%
	RCL	A	0.45%
	KMI	A	0.44%
	MSTR	A	0.44%
	TTD	B	0.43%
	FIS	C	0.41%
	SQ	A	0.39%
	PWR	A	0.39%
	MSCI	B	0.38%
	KVUE	A	0.38%
	ROST	D	0.38%
	LHX	B	0.38%
	AME	A	0.37%
	PCG	A	0.37%
	HWM	A	0.37%
	VRT	A	0.36%
	DFS	B	0.36%
	ODFL	B	0.35%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	A	0.35%
	DAL	A	0.34%
	IR	B	0.34%
	CBRE	B	0.33%
	LEN	D	0.33%
	FERG	C	0.33%
	HES	B	0.33%
	CTVA	C	0.32%
	GEHC	D	0.31%
	A	F	0.31%
	DDOG	A	0.31%
	VMC	B	0.3%
	IDXX	F	0.29%
	IQV	F	0.29%
	NUE	D	0.29%
	MLM	B	0.29%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	C	0.28%
	HIG	B	0.28%
	NDAQ	A	0.27%
	ROK	B	0.27%
	HUBS	B	0.27%
	DOW	F	0.26%
	VEEV	C	0.26%
	WTW	B	0.26%
	UAL	A	0.25%
	DXCM	C	0.25%
	RJF	A	0.25%
	EFX	F	0.25%
	ARES	A	0.25%
	TTWO	A	0.25%
	CSGP	F	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	C	0.24%
	ALNY	D	0.24%
	ON	F	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	AWK	C	0.22%
	BRO	B	0.22%
	FCNCA	A	0.22%
	FTV	D	0.22%
	CHD	A	0.22%
	DECK	A	0.22%
	NET	B	0.22%
	EQT	A	0.21%
	TYL	B	0.21%
	VLTO	C	0.21%
	TPL	A	0.21%
	RBLX	B	0.21%
	TROW	B	0.21%
	CVNA	A	0.21%
	SBAC	D	0.2%
	CCL	A	0.2%
	CPAY	A	0.2%
	WY	D	0.19%
	WST	D	0.19%
	EXPE	B	0.19%
	ZBH	C	0.19%
	BIIB	F	0.19%
	LPLA	A	0.19%
	ZM	B	0.18%
	NTRS	A	0.18%
	HOOD	A	0.18%
	ILMN	C	0.18%
	EXE	A	0.18%
	STE	D	0.18%
	ES	C	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	IFF	D	0.18%
	WBD	B	0.18%
	FSLR	F	0.17%
	CMS	C	0.17%
	LYV	A	0.17%
	WDC	F	0.17%
	CSL	C	0.17%
	INVH	D	0.17%
	CLX	A	0.17%
	WAT	C	0.17%
	K	B	0.17%
	CFG	B	0.17%
	CTRA	B	0.16%
	IBKR	A	0.16%
	ESS	A	0.16%
	COO	D	0.16%
	LUV	B	0.16%
	CNP	A	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	LH	B	0.16%
	DRI	C	0.16%
	PFG	C	0.16%
	KEY	B	0.15%
	WRB	B	0.15%
	HOLX	D	0.15%
	DKNG	B	0.15%
	TOST	A	0.15%
	TSN	B	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%
	MKC	D	0.15%
	BALL	D	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	A	0.14%
	DG	F	0.14%
	XPO	B	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	NTNX	B	0.14%
	LVS	B	0.14%
	EXPD	D	0.14%
	PINS	F	0.14%
	HEI	A	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	IEX	B	0.14%
	J	D	0.14%
	PNR	B	0.14%
	ULTA	F	0.14%
	VTRS	A	0.13%
	FNF	A	0.13%
	DT	C	0.13%
	SUI	C	0.13%
	TOL	B	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	SSNC	C	0.13%
	TXT	D	0.13%
	MRO	A	0.13%
	DOCU	B	0.13%
	BAX	F	0.13%
	SOFI	A	0.12%
	AVTR	F	0.12%
	EQH	B	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	APTV	F	0.12%
	NDSN	D	0.12%
	ACM	B	0.12%
	UDR	C	0.12%
	DOC	D	0.12%
	ENTG	F	0.12%
	USFD	A	0.12%
	THC	C	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	TW	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	JEF	A	0.11%
	DLTR	F	0.11%
	AFRM	A	0.11%
	EPAM	C	0.11%
	ELS	B	0.11%
	SWK	F	0.11%
	TPR	B	0.11%
	TXRH	B	0.11%
	POOL	D	0.11%
	RVTY	D	0.11%
	REG	A	0.11%
	CW	B	0.11%
	SAIA	C	0.11%
	BWXT	A	0.1%
	OVV	C	0.1%
	Z	A	0.1%
	UHS	D	0.1%
	NBIX	C	0.1%
	OKTA	D	0.1%
	EMN	D	0.1%
	HEI	A	0.1%
	NVT	C	0.1%
	BMRN	F	0.1%
	SCI	A	0.1%
	FTI	A	0.1%
	HST	D	0.1%
	ALB	B	0.1%
	ALLE	D	0.1%
	KMX	C	0.1%
	BXP	D	0.1%
	CPT	C	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	CLH	C	0.1%
	CAG	F	0.1%
	BG	D	0.1%
	AMH	C	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	PNW	B	0.09%
	TECH	F	0.09%
	CCK	D	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%
	TAP	B	0.09%
	BLD	F	0.09%
	SJM	D	0.09%
	CG	B	0.09%
	TTEK	F	0.09%
	AA	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	LECO	C	0.09%
	OWL	A	0.09%
	SF	B	0.09%
	TFX	F	0.08%
	FBIN	F	0.08%
	TPX	B	0.08%
	GMED	A	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%
	AAL	B	0.08%
	CRL	D	0.08%
	CNH	C	0.08%
	DOX	D	0.08%
	MKTX	D	0.08%
	PR	B	0.08%
	GL	C	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	C	0.08%
	LBRDK	C	0.08%
	ARMK	C	0.08%
	DTM	A	0.08%
	NLY	C	0.08%
	AFG	A	0.08%
	ALLY	C	0.08%
	AES	F	0.08%
	GME	C	0.08%
	LKQ	F	0.08%
	EXP	B	0.08%
	RPRX	F	0.08%
	LAD	B	0.08%
	IPG	F	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	MTCH	F	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SNV	B	0.07%
	APG	C	0.07%
	CE	F	0.07%
	DVA	C	0.07%
	APA	F	0.07%
	CNM	C	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CPB	D	0.07%
	RIVN	F	0.07%
	EGP	D	0.07%
	MOS	D	0.07%
	LNW	F	0.07%
	HRL	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%
	FYBR	C	0.07%
	HAS	D	0.07%
	BILL	B	0.07%
	CMA	B	0.07%
	BRX	A	0.07%
	MGM	D	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	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%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	MTDR	C	0.06%
	FMC	D	0.06%
	DAR	B	0.06%
	ALK	A	0.06%
	CGNX	D	0.06%
	MTSI	B	0.06%
	MASI	B	0.06%
	ELAN	D	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	C	0.06%
	FRPT	A	0.06%
	RGEN	F	0.06%
	GNTX	F	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	D	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%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	B	0.06%
	SMAR	A	0.06%
	JAZZ	C	0.06%
	SSD	D	0.06%
	OLED	F	0.06%
	HII	F	0.06%
	BERY	D	0.06%
	ONTO	F	0.06%
	FLS	A	0.06%
	KBR	F	0.06%
	BWA	D	0.06%
	G	B	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	D	0.05%
	VVV	D	0.05%
	PATH	C	0.05%
	THO	C	0.05%
	OLLI	D	0.05%
	BRKR	F	0.05%
	PVH	C	0.05%
	FOX	A	0.05%
	ETSY	D	0.05%
	CROX	F	0.05%
	AGCO	F	0.05%
	THG	A	0.05%
	AMG	C	0.05%
	FNB	B	0.05%
	WFRD	F	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	A	0.05%
	BFAM	F	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	UHAL	D	0.05%
	BEN	C	0.05%
	BIO	C	0.05%
	QRVO	F	0.05%
	COLD	F	0.05%
	SITE	D	0.05%
	OMF	A	0.05%
	ESI	B	0.05%
	SIRI	D	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	D	0.05%
	WSC	F	0.05%
	IVZ	C	0.05%
	PARA	D	0.05%
	COLB	B	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	FAF	C	0.05%
	STAG	D	0.05%
	LYFT	C	0.05%
	AZEK	B	0.05%
	HR	C	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	D	0.04%
	KMPR	A	0.04%
	RYN	D	0.04%
	EEFT	C	0.04%
	PSN	C	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	CUZ	B	0.04%
	RH	D	0.04%
	AGO	A	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	D	0.04%
	HXL	F	0.04%
	OLN	F	0.04%
	TKR	F	0.04%
	BYD	B	0.04%
	INSP	F	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%
	U	F	0.04%
	VKTX	F	0.04%
	POST	C	0.04%
	SLM	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	F	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	BC	D	0.04%
	WEN	C	0.03%
	AMTM	F	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	B	0.03%
	IRDM	F	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	PII	F	0.03%
	ACHC	F	0.03%
	FHB	B	0.03%
	IAC	D	0.03%
	NVST	C	0.03%
	SPR	D	0.03%
	W	D	0.03%
	TNL	B	0.03%
	NWS	A	0.03%
	NWL	B	0.03%
	PRGO	C	0.03%
	DNB	B	0.03%
	XRAY	D	0.03%
	MDU	D	0.03%
	NEU	D	0.03%
	DXC	D	0.03%
	MSM	D	0.03%
	ASH	F	0.03%
	PEGA	B	0.03%
	LINE	F	0.03%
	HOG	F	0.03%
	RARE	F	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	MSGS	B	0.03%
	GTES	A	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%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	B	0.02%
	ADT	B	0.02%
	AZTA	F	0.02%
	RCM	A	0.02%
	AAP	D	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	F	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%
	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%
	AMKR	F	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	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%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	D	0.01%
	LEN	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 151 Positions Relative to ROUS

	Symbol	Grade	Weight
	GOOGL	B	-1.26%
	AAPL	C	-1.22%
	MSFT	D	-1.14%
	WMT	A	-1.09%
	JNJ	D	-1.08%
	UNH	C	-1.02%
	NVDA	A	-0.99%
	T	A	-0.89%
	DELL	B	-0.88%
	ABBV	F	-0.85%
	VZ	C	-0.84%
	MRK	F	-0.84%
	IBM	C	-0.83%
	CSCO	B	-0.83%
	XOM	B	-0.82%
	MSI	B	-0.82%
	JPM	A	-0.81%
	HD	A	-0.81%
	META	C	-0.78%
	CVLT	B	-0.78%
	TMUS	B	-0.76%
	LLY	F	-0.75%
	BRK.A	B	-0.72%
	GILD	C	-0.7%
	TXN	C	-0.65%
	PG	C	-0.64%
	ORCL	A	-0.64%
	EOG	A	-0.63%
	AVGO	C	-0.63%
	MO	A	-0.6%
	APH	B	-0.58%
	COST	A	-0.56%
	MCK	A	-0.54%
	QCOM	F	-0.52%
	AMZN	B	-0.52%
	SHW	C	-0.51%
	VLO	C	-0.47%
	ACN	C	-0.44%
	CVS	F	-0.44%
	CL	D	-0.43%
	CTAS	B	-0.43%
	ELV	F	-0.42%
	V	A	-0.4%
	MLI	B	-0.4%
	TRV	A	-0.39%
	MA	B	-0.39%
	NXPI	F	-0.38%
	LMT	D	-0.38%
	KMB	C	-0.38%
	CMCSA	B	-0.37%
	SANM	B	-0.37%
	ORLY	B	-0.37%
	FDX	B	-0.36%
	VRTX	D	-0.36%
	AMGN	D	-0.36%
	C	B	-0.34%
	PM	A	-0.34%
	CB	C	-0.33%
	NSIT	F	-0.32%
	AZO	C	-0.32%
	BMI	C	-0.32%
	BMY	A	-0.32%
	PCAR	C	-0.31%
	ANET	C	-0.31%
	WM	B	-0.31%
	LOW	C	-0.31%
	AMAT	F	-0.29%
	GPI	B	-0.29%
	DUK	C	-0.29%
	CDNS	B	-0.29%
	PEP	F	-0.28%
	KLAC	F	-0.28%
	TJX	A	-0.28%
	ALKS	C	-0.27%
	SO	C	-0.26%
	MPC	D	-0.26%
	ITW	B	-0.26%
	CI	D	-0.24%
	PGR	B	-0.23%
	AIT	B	-0.23%
	BKNG	A	-0.23%
	CRBG	B	-0.23%
	TT	A	-0.23%
	WFC	A	-0.22%
	AEP	C	-0.22%
	PNC	B	-0.21%
	CVX	A	-0.21%
	HCA	F	-0.2%
	ROP	C	-0.2%
	RSG	A	-0.2%
	SNPS	C	-0.19%
	RDN	D	-0.19%
	CAT	C	-0.19%
	DY	C	-0.18%
	ECL	D	-0.18%
	REGN	F	-0.17%
	ASGN	F	-0.17%
	MDT	D	-0.17%
	LRCX	F	-0.17%
	UFPI	C	-0.17%
	STX	D	-0.16%
	ADBE	D	-0.16%
	CBT	C	-0.16%
	MMM	D	-0.15%
	ABT	A	-0.14%
	SFM	A	-0.14%
	FLEX	B	-0.14%
	BSX	A	-0.14%
	MCD	D	-0.14%
	CMC	B	-0.14%
	USB	B	-0.13%
	PANW	B	-0.13%
	POR	C	-0.12%
	BAC	A	-0.11%
	INTU	B	-0.11%
	TGT	B	-0.11%
	UMBF	B	-0.1%
	FSS	B	-0.1%
	NEE	C	-0.09%
	KO	D	-0.09%
	WELL	A	-0.09%
	ADI	D	-0.09%
	ACIW	B	-0.08%
	NOC	D	-0.08%
	MMS	D	-0.08%
	COP	B	-0.08%
	PSA	C	-0.07%
	GD	D	-0.07%
	SRE	A	-0.07%
	FTNT	B	-0.07%
	KNF	B	-0.07%
	CSWI	A	-0.06%
	SPSC	F	-0.06%
	ANF	C	-0.05%
	MOG.A	B	-0.05%
	NOW	B	-0.05%
	ADSK	B	-0.05%
	HON	B	-0.05%
	FELE	B	-0.04%
	EPRT	A	-0.04%
	COF	B	-0.04%
	BCO	F	-0.04%
	D	C	-0.04%
	JCI	B	-0.03%
	SYK	A	-0.02%
	ITRI	B	-0.02%
	LIN	D	-0.02%
	PSX	C	-0.02%
	AIG	C	-0.02%
	MTH	D	-0.01%
	ONB	B	-0.01%

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

ROUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Specialty Retail Banks - Regional - US Business Services Semiconductors Information Technology Services Insurance - Property & Casualty Packaging & Containers Biotechnology Drug Manufacturers - Major Specialty Chemicals Building Materials Health Care Plans Oil & Gas E&P REIT - Diversified Software - Infrastructure Utilities - Diversified Communication Equipment

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Dow Jones Component Electricity Electronics Banking Chemical Telecommunications Bank Insurance Products Semiconductor Aerospace Mining Cloud Computing Mobile Devices Retailing Integrated Circuits