IWR vs. SCHJ ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to HCM Defender 500 Index ETF (SCHJ)

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

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$49.61

Average Daily Volume

51,519

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	IWR	SCHJ
30 Days	4.19%	1.27%
60 Days	5.52%	2.86%
90 Days	8.27%	3.38%
12 Months	25.46%	9.41%

232 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in SCHJ	Overlap
	A	C	0.35%	0.02%	0.02%
	ADM	D	0.26%	0.02%	0.02%
	AEE	C	0.2%	0.0%	0.0%
	AES	C	0.11%	0.0%	0.0%
	AFL	C	0.54%	0.01%	0.01%
	AGO	C	0.04%	0.02%	0.02%
	AGR	B	0.02%	0.02%	0.02%
	AIZ	B	0.09%	0.02%	0.02%
	AL	D	0.04%	0.02%	0.02%
	ALB	D	0.09%	0.01%	0.01%
	ALL	B	0.43%	0.03%	0.03%
	ALLE	B	0.11%	0.02%	0.02%
	ALLY	F	0.08%	0.03%	0.03%
	AMCR	B	0.14%	0.03%	0.03%
	AMG	C	0.05%	0.01%	0.01%
	AMP	A	0.39%	0.02%	0.02%
	AN	D	0.04%	0.03%	0.03%
	APTV	D	0.16%	0.01%	0.01%
	ARE	C	0.19%	0.02%	0.02%
	ARW	C	0.06%	0.01%	0.01%
	ATO	B	0.18%	0.05%	0.05%
	AVB	B	0.29%	0.01%	0.01%
	AVT	C	0.04%	0.03%	0.03%
	AWK	B	0.25%	0.02%	0.02%
	BAX	C	0.18%	0.03%	0.03%
	BC	C	0.05%	0.03%	0.03%
	BEN	F	0.05%	0.01%	0.01%
	BERY	B	0.07%	0.05%	0.05%
	BG	D	0.12%	0.02%	0.02%
	BIIB	F	0.25%	0.1%	0.1%
	BK	B	0.45%	0.01%	0.01%
	BR	D	0.22%	0.02%	0.02%
	BRO	C	0.22%	0.01%	0.01%
	BRX	B	0.07%	0.0%	0.0%
	BWA	D	0.07%	0.03%	0.03%
	BXP	B	0.11%	0.02%	0.02%
	CAG	C	0.13%	0.01%	0.01%
	CAH	C	0.24%	0.02%	0.02%
	CCI	C	0.45%	0.01%	0.01%
	CE	F	0.12%	0.03%	0.03%
	CF	C	0.13%	0.02%	0.02%
	CFG	C	0.16%	0.02%	0.02%
	CHD	D	0.22%	0.01%	0.01%
	CHTR	D	0.28%	0.06%	0.06%
	CLX	C	0.18%	0.03%	0.03%
	CMA	B	0.06%	0.04%	0.04%
	CMI	C	0.36%	0.0%	0.0%
	CMS	C	0.18%	0.0%	0.0%
	CNA	C	0.01%	0.02%	0.01%
	CNH	D	0.08%	0.02%	0.02%
	CNP	C	0.15%	0.02%	0.02%
	CPB	C	0.09%	0.01%	0.01%
	CSL	B	0.17%	0.01%	0.01%
	CTRA	D	0.15%	0.0%	0.0%
	CTVA	B	0.35%	0.02%	0.02%
	CUBE	B	0.11%	0.0%	0.0%
	DAL	C	0.25%	0.02%	0.02%
	DD	B	0.3%	0.09%	0.09%
	DFS	B	0.29%	0.02%	0.02%
	DG	F	0.16%	0.03%	0.03%
	DGX	B	0.15%	0.03%	0.03%
	DHI	B	0.5%	0.02%	0.02%
	DLR	B	0.45%	0.03%	0.03%
	DLTR	F	0.12%	0.05%	0.05%
	DOC	C	0.14%	0.0%	0.0%
	DOV	B	0.22%	0.02%	0.02%
	DOW	D	0.31%	0.04%	0.04%
	DTE	C	0.23%	0.01%	0.01%
	DVN	F	0.22%	0.02%	0.02%
	DXC	C	0.03%	0.04%	0.03%
	EA	D	0.34%	0.03%	0.03%
	EBAY	B	0.28%	0.03%	0.03%
	ED	C	0.32%	0.03%	0.03%
	EFX	B	0.33%	0.01%	0.01%
	EIX	C	0.28%	0.0%	0.0%
	EMN	B	0.11%	0.05%	0.05%
	EQH	C	0.11%	0.02%	0.02%
	EQR	B	0.26%	0.03%	0.03%
	ES	C	0.21%	0.01%	0.01%
	ESS	B	0.18%	0.0%	0.0%
	ETR	B	0.24%	0.02%	0.02%
	EVRG	B	0.12%	0.03%	0.03%
	EXC	C	0.35%	0.03%	0.03%
	EXPE	C	0.15%	0.02%	0.02%
	FAF	B	0.06%	0.03%	0.03%
	FANG	D	0.27%	0.03%	0.03%
	FCNCA	D	0.19%	0.0%	0.0%
	FE	C	0.22%	0.01%	0.01%
	FHN	D	0.08%	0.02%	0.02%
	FIS	B	0.41%	0.03%	0.03%
	FITB	B	0.25%	0.01%	0.01%
	FNB	C	0.05%	0.02%	0.02%
	FOXA	B	0.08%	0.04%	0.04%
	FRT	C	0.08%	0.03%	0.03%
	FTV	C	0.23%	0.03%	0.03%
	G	C	0.06%	0.02%	0.02%
	GIS	B	0.36%	0.01%	0.01%
	GLPI	C	0.12%	0.02%	0.02%
	GPN	D	0.25%	0.02%	0.02%
	GWW	B	0.38%	0.03%	0.03%
	GXO	D	0.05%	0.02%	0.02%
	H	C	0.06%	0.02%	0.02%
	HAL	F	0.22%	0.03%	0.03%
	HAS	B	0.08%	0.03%	0.03%
	HBAN	B	0.18%	0.02%	0.02%
	HES	F	0.31%	0.02%	0.02%
	HII	D	0.09%	0.02%	0.02%
	HOG	C	0.04%	0.02%	0.02%
	HPE	D	0.19%	0.03%	0.03%
	HPQ	D	0.28%	0.1%	0.1%
	HRB	C	0.08%	0.02%	0.02%
	HRL	C	0.08%	0.05%	0.05%
	HST	C	0.11%	0.02%	0.02%
	HSY	C	0.26%	0.01%	0.01%
	HUBB	B	0.19%	0.02%	0.02%
	HUM	F	0.34%	0.01%	0.01%
	IFF	B	0.23%	0.03%	0.03%
	ILMN	C	0.18%	0.02%	0.02%
	IP	B	0.15%	0.03%	0.03%
	IVZ	B	0.05%	0.0%	0.0%
	JBHT	D	0.12%	0.04%	0.04%
	JBL	D	0.11%	0.03%	0.03%
	JEF	B	0.09%	0.04%	0.04%
	JHG	B	0.04%	0.03%	0.03%
	JNPR	B	0.11%	0.02%	0.02%
	K	B	0.18%	0.02%	0.02%
	KEY	B	0.13%	0.03%	0.03%
	KEYS	C	0.23%	0.03%	0.03%
	KIM	C	0.14%	0.0%	0.0%
	KMI	B	0.36%	0.01%	0.01%
	KMPR	D	0.03%	0.03%	0.03%
	KR	C	0.32%	0.02%	0.02%
	KRC	B	0.04%	0.02%	0.02%
	KSS	F	0.02%	0.02%	0.02%
	L	C	0.13%	0.02%	0.02%
	LAZ	B	0.05%	0.02%	0.02%
	LDOS	B	0.18%	0.03%	0.03%
	LEG	D	0.01%	0.02%	0.01%
	LEN	B	0.39%	0.02%	0.02%
	LEN	B	0.02%	0.02%	0.02%
	LH	C	0.16%	0.02%	0.02%
	LHX	C	0.38%	0.03%	0.03%
	LII	B	0.17%	0.03%	0.03%
	LNC	D	0.04%	0.02%	0.02%
	LNT	B	0.13%	0.02%	0.02%
	LUV	C	0.15%	0.04%	0.04%
	LVS	D	0.13%	0.03%	0.03%
	LYB	D	0.21%	0.02%	0.02%
	MAA	B	0.17%	0.01%	0.01%
	MCHP	F	0.36%	0.05%	0.05%
	MHK	C	0.07%	0.03%	0.03%
	MKC	C	0.18%	0.03%	0.03%
	MLM	D	0.28%	0.04%	0.04%
	MOS	F	0.07%	0.04%	0.04%
	MTB	B	0.25%	0.01%	0.01%
	NDAQ	A	0.26%	0.02%	0.02%
	NEU	D	0.03%	0.02%	0.02%
	NFG	B	0.05%	0.01%	0.01%
	NI	B	0.13%	0.06%	0.06%
	NNN	C	0.08%	0.02%	0.02%
	NTAP	D	0.21%	0.02%	0.02%
	NTRS	A	0.16%	0.04%	0.04%
	NUE	F	0.3%	0.02%	0.02%
	O	C	0.47%	0.01%	0.01%
	OC	D	0.13%	0.02%	0.02%
	OGE	C	0.07%	0.01%	0.01%
	OHI	B	0.09%	0.01%	0.01%
	OKE	B	0.47%	0.0%	0.0%
	OMC	B	0.17%	0.02%	0.02%
	ORI	B	0.08%	0.03%	0.03%
	OTIS	C	0.33%	0.07%	0.07%
	PCG	C	0.37%	0.02%	0.02%
	PEG	B	0.37%	0.02%	0.02%
	PFG	B	0.17%	0.02%	0.02%
	PHM	B	0.26%	0.03%	0.03%
	PKG	B	0.16%	0.02%	0.02%
	PNW	C	0.09%	0.02%	0.02%
	PPG	D	0.26%	0.01%	0.01%
	PPL	C	0.21%	0.04%	0.04%
	PRU	C	0.37%	0.01%	0.01%
	PVH	F	0.05%	0.03%	0.03%
	R	A	0.05%	0.02%	0.02%
	RF	B	0.18%	0.05%	0.05%
	RGA	C	0.12%	0.02%	0.02%
	RL	C	0.06%	0.03%	0.03%
	RNR	C	0.12%	0.02%	0.02%
	ROK	D	0.26%	0.02%	0.02%
	ROST	C	0.45%	0.02%	0.02%
	RPM	B	0.13%	0.02%	0.02%
	RPRX	C	0.09%	0.04%	0.04%
	RS	D	0.14%	0.02%	0.02%
	SF	A	0.08%	0.05%	0.05%
	SJM	C	0.11%	0.05%	0.05%
	SNV	C	0.06%	0.02%	0.02%
	SNX	D	0.07%	0.03%	0.03%
	SPG	B	0.46%	0.02%	0.02%
	STLD	F	0.15%	0.02%	0.02%
	STT	A	0.22%	0.01%	0.01%
	SWK	B	0.14%	0.03%	0.03%
	SWKS	D	0.14%	0.03%	0.03%
	SYF	C	0.17%	0.05%	0.05%
	SYY	D	0.33%	0.02%	0.02%
	TAP	D	0.08%	0.08%	0.08%
	TDY	B	0.18%	0.02%	0.02%
	THG	B	0.05%	0.03%	0.03%
	TKR	D	0.04%	0.02%	0.02%
	TPR	C	0.09%	0.03%	0.03%
	TRMB	C	0.12%	0.02%	0.02%
	TSN	C	0.15%	0.02%	0.02%
	TXT	D	0.15%	0.0%	0.0%
	UAL	C	0.14%	0.02%	0.02%
	UHS	B	0.12%	0.04%	0.04%
	UNM	B	0.07%	0.02%	0.02%
	VFC	C	0.06%	0.04%	0.04%
	VMC	D	0.27%	0.03%	0.03%
	VNO	B	0.06%	0.01%	0.01%
	VNT	F	0.05%	0.03%	0.03%
	VOYA	B	0.07%	0.02%	0.02%
	VRSK	D	0.33%	0.05%	0.05%
	VRSN	D	0.14%	0.03%	0.03%
	VTR	C	0.23%	0.01%	0.01%
	WAB	B	0.26%	0.02%	0.02%
	WAL	B	0.08%	0.02%	0.02%
	WBA	F	0.06%	0.06%	0.06%
	WEC	C	0.26%	0.02%	0.02%
	WHR	D	0.05%	0.0%	0.0%
	WLK	D	0.04%	0.04%	0.04%
	WMB	B	0.48%	0.03%	0.03%
	WPC	C	0.12%	0.02%	0.02%
	WU	F	0.03%	0.0%	0.0%
	XEL	B	0.31%	0.02%	0.02%
	ZBH	F	0.19%	0.01%	0.01%

IWR Overweight 569 Positions Relative to SCHJ

	Symbol	Grade	Weight
	PLTR	B	0.63%
	AJG	D	0.56%
	HLT	B	0.47%
	URI	B	0.42%
	TTD	B	0.41%
	KVUE	C	0.39%
	FICO	B	0.39%
	MPWR	C	0.38%
	IQV	C	0.38%
	MSCI	C	0.38%
	PAYX	C	0.38%
	LNG	C	0.36%
	IDXX	C	0.36%
	RCL	B	0.35%
	FAST	C	0.35%
	CNC	D	0.35%
	COR	D	0.35%
	ACGL	C	0.35%
	CTSH	C	0.34%
	IT	B	0.34%
	AME	C	0.34%
	HWM	B	0.34%
	FERG	D	0.34%
	PWR	B	0.34%
	EXR	B	0.33%
	YUM	D	0.33%
	ODFL	D	0.33%
	RMD	C	0.32%
	CBRE	A	0.32%
	IR	C	0.32%
	GEHC	C	0.32%
	VICI	C	0.31%
	SQ	D	0.31%
	IRM	C	0.3%
	HIG	B	0.3%
	DDOG	D	0.29%
	BKR	C	0.29%
	ALNY	C	0.29%
	XYL	C	0.28%
	CSGP	D	0.28%
	VEEV	C	0.28%
	COIN	F	0.28%
	GLW	C	0.28%
	TRGP	B	0.28%
	TSCO	C	0.27%
	VRT	C	0.27%
	ON	D	0.27%
	VST	C	0.26%
	APP	C	0.26%
	CDW	D	0.26%
	WTW	C	0.26%
	MTD	D	0.25%
	VLTO	C	0.24%
	AXON	B	0.24%
	DXCM	F	0.24%
	CPNG	B	0.24%
	ANSS	D	0.24%
	NVR	B	0.24%
	SBAC	C	0.23%
	ARES	B	0.23%
	GRMN	D	0.23%
	TYL	C	0.22%
	TTWO	C	0.22%
	NET	D	0.21%
	WY	C	0.21%
	DECK	C	0.21%
	HUBS	D	0.21%
	STE	C	0.21%
	FSLR	C	0.21%
	RJF	C	0.2%
	INVH	C	0.2%
	SMCI	F	0.2%
	TROW	D	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%
	WST	D	0.19%
	BLDR	C	0.19%
	CBOE	C	0.19%
	MSTR	D	0.19%
	TER	D	0.18%
	MKL	C	0.18%
	BAH	C	0.18%
	PTC	D	0.18%
	BALL	C	0.18%
	WBD	D	0.18%
	MOH	D	0.18%
	CINF	B	0.18%
	DRI	B	0.17%
	GPC	D	0.17%
	WAT	C	0.17%
	TRU	B	0.17%
	EQT	D	0.17%
	MDB	D	0.17%
	J	C	0.16%
	ULTA	D	0.16%
	SUI	B	0.16%
	AVTR	B	0.16%
	ALGN	D	0.16%
	WRB	C	0.16%
	WSM	D	0.16%
	EME	B	0.16%
	HOLX	B	0.16%
	EG	C	0.15%
	HEI	B	0.15%
	ENTG	F	0.15%
	DKNG	C	0.15%
	ZM	C	0.15%
	FDS	C	0.15%
	EXPD	C	0.15%
	PINS	F	0.15%
	CCL	C	0.15%
	ZBRA	B	0.15%
	NRG	C	0.15%
	BURL	B	0.15%
	AVY	C	0.15%
	MAS	B	0.15%
	FWONK	C	0.14%
	ZS	F	0.14%
	LYV	B	0.14%
	TOL	B	0.14%
	THC	A	0.14%
	BMRN	F	0.14%
	MANH	B	0.14%
	SSNC	B	0.14%
	PODD	B	0.14%
	WSO	C	0.14%
	NTRA	C	0.13%
	NTNX	C	0.13%
	SNA	C	0.13%
	ENPH	D	0.13%
	HOOD	C	0.13%
	UTHR	C	0.13%
	AKAM	D	0.13%
	CVNA	B	0.13%
	GEN	B	0.13%
	MRO	C	0.13%
	RVTY	B	0.13%
	FNF	B	0.13%
	IEX	D	0.13%
	PNR	B	0.13%
	TPL	B	0.13%
	LPLA	D	0.13%
	UDR	C	0.13%
	ACM	B	0.12%
	POOL	C	0.12%
	DT	C	0.12%
	IBKR	B	0.12%
	TW	B	0.12%
	REG	C	0.12%
	USFD	B	0.12%
	GGG	C	0.12%
	AMH	C	0.12%
	VTRS	D	0.12%
	DPZ	F	0.12%
	ELS	C	0.12%
	GWRE	A	0.12%
	ROL	C	0.12%
	CASY	D	0.12%
	PSTG	F	0.12%
	NDSN	C	0.12%
	CW	B	0.11%
	NBIX	F	0.11%
	FIX	B	0.11%
	FFIV	B	0.11%
	BLD	D	0.11%
	TTEK	C	0.11%
	DKS	D	0.11%
	KMX	D	0.11%
	XPO	D	0.11%
	CLH	A	0.11%
	JKHY	B	0.11%
	CPT	B	0.11%
	REXR	C	0.1%
	LKQ	F	0.1%
	TXRH	C	0.1%
	NVT	D	0.1%
	RIVN	F	0.1%
	EWBC	D	0.1%
	ITT	B	0.1%
	EPAM	F	0.1%
	SRPT	D	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%
	DOCU	C	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%
	INCY	C	0.1%
	EXAS	C	0.1%
	FND	C	0.1%
	JLL	B	0.1%
	OLED	C	0.09%
	CHDN	C	0.09%
	WMS	D	0.09%
	AFG	B	0.09%
	LECO	F	0.09%
	GL	C	0.09%
	WWD	D	0.09%
	WTRG	D	0.09%
	DOX	C	0.09%
	NWSA	D	0.09%
	ARMK	B	0.09%
	LNW	B	0.09%
	ATR	B	0.09%
	MUSA	D	0.09%
	AFRM	C	0.09%
	CRL	F	0.09%
	KNSL	C	0.09%
	NLY	B	0.09%
	RRX	C	0.09%
	COHR	C	0.09%
	TWLO	D	0.09%
	QRVO	F	0.09%
	FBIN	B	0.09%
	OVV	F	0.09%
	FTI	D	0.09%
	CACI	B	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%
	OWL	C	0.08%
	CG	D	0.08%
	INGR	B	0.08%
	MGM	F	0.08%
	MEDP	F	0.08%
	EGP	B	0.08%
	FYBR	C	0.08%
	BWXT	D	0.08%
	PRI	B	0.08%
	HSIC	C	0.08%
	SKX	D	0.08%
	GPK	B	0.08%
	TKO	B	0.08%
	LW	D	0.08%
	EHC	C	0.08%
	EXP	B	0.08%
	MTCH	C	0.08%
	CAVA	B	0.08%
	ROKU	C	0.08%
	RGLD	C	0.08%
	Z	B	0.08%
	MKTX	C	0.08%
	AOS	D	0.08%
	ONTO	D	0.08%
	SOLV	C	0.08%
	CHK	D	0.08%
	MKSI	F	0.07%
	CR	C	0.07%
	ADC	C	0.07%
	LAD	D	0.07%
	BRBR	C	0.07%
	ATI	C	0.07%
	EXEL	C	0.07%
	AXTA	B	0.07%
	CROX	D	0.07%
	AR	F	0.07%
	ALSN	B	0.07%
	SSD	D	0.07%
	COKE	C	0.07%
	WBS	D	0.07%
	ITCI	D	0.07%
	FCN	D	0.07%
	RGEN	F	0.07%
	APG	D	0.07%
	GMED	D	0.07%
	FMC	C	0.07%
	AYI	B	0.07%
	HLI	B	0.07%
	SOFI	C	0.07%
	WYNN	D	0.07%
	X	F	0.07%
	CIEN	C	0.07%
	ACI	F	0.07%
	BFAM	C	0.07%
	RBC	C	0.07%
	AA	D	0.07%
	KNX	C	0.07%
	GNRC	D	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%
	DCI	C	0.07%
	PR	F	0.07%
	CHE	C	0.07%
	NYT	C	0.07%
	BIO	C	0.06%
	STWD	B	0.06%
	CART	A	0.06%
	AZEK	C	0.06%
	LPX	B	0.06%
	RLI	B	0.06%
	AAON	B	0.06%
	GTLB	D	0.06%
	RHI	D	0.06%
	CFR	C	0.06%
	LSTR	D	0.06%
	MSA	D	0.06%
	MAT	C	0.06%
	ETSY	F	0.06%
	PB	B	0.06%
	FRPT	B	0.06%
	OSK	F	0.06%
	IONS	F	0.06%
	SMAR	C	0.06%
	RYAN	D	0.06%
	WFRD	F	0.06%
	JAZZ	D	0.06%
	CGNX	F	0.06%
	SEIC	C	0.06%
	LBRDK	F	0.06%
	GNTX	F	0.06%
	ZION	D	0.06%
	MTG	B	0.06%
	CNM	F	0.06%
	WTFC	B	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%
	KEX	C	0.06%
	PCTY	C	0.06%
	AAL	D	0.06%
	WCC	D	0.06%
	BSY	D	0.06%
	UHAL	A	0.06%
	VKTX	C	0.06%
	MTZ	B	0.06%
	SAIC	C	0.06%
	MIDD	D	0.06%
	BPOP	C	0.06%
	ACHC	C	0.06%
	ELAN	D	0.06%
	TREX	D	0.06%
	HR	C	0.06%
	PLNT	B	0.06%
	AGNC	B	0.06%
	CRUS	D	0.06%
	STAG	C	0.06%
	PNFP	B	0.06%
	WSC	D	0.06%
	DINO	F	0.06%
	CBSH	C	0.06%
	DTM	B	0.06%
	FR	B	0.06%
	OLN	D	0.05%
	RARE	B	0.05%
	ST	D	0.05%
	S	C	0.05%
	THO	D	0.05%
	IDA	C	0.05%
	KD	D	0.05%
	ALK	C	0.05%
	FIVE	D	0.05%
	NXST	D	0.05%
	OGN	D	0.05%
	VVV	D	0.05%
	CIVI	F	0.05%
	BILL	D	0.05%
	OMF	D	0.05%
	SON	C	0.05%
	VMI	D	0.05%
	XRAY	D	0.05%
	AWI	B	0.05%
	GME	F	0.05%
	DAR	F	0.05%
	CLF	F	0.05%
	MDU	C	0.05%
	AGCO	D	0.05%
	MTSI	D	0.05%
	ESAB	C	0.05%
	SRCL	A	0.05%
	ESI	D	0.05%
	POST	C	0.05%
	RITM	B	0.05%
	MTDR	F	0.05%
	U	D	0.05%
	CELH	F	0.05%
	OLLI	C	0.05%
	SIRI	C	0.05%
	LEA	F	0.05%
	INSP	C	0.05%
	AZPN	B	0.05%
	PCOR	F	0.05%
	LFUS	C	0.05%
	DBX	D	0.05%
	LSCC	D	0.05%
	ESTC	F	0.05%
	WH	B	0.05%
	BBWI	F	0.05%
	ELF	F	0.05%
	FLS	D	0.05%
	AXS	B	0.05%
	PARA	F	0.05%
	SITE	C	0.05%
	NOV	F	0.05%
	LYFT	D	0.04%
	M	F	0.04%
	SLGN	B	0.04%
	LOPE	D	0.04%
	DLB	D	0.04%
	ROIV	C	0.04%
	BYD	C	0.04%
	GAP	F	0.04%
	PII	D	0.04%
	EEFT	D	0.04%
	ASH	D	0.04%
	CPRI	D	0.04%
	FLO	C	0.04%
	W	D	0.04%
	WTM	D	0.04%
	CUZ	B	0.04%
	SEE	D	0.04%
	PSN	B	0.04%
	OZK	D	0.04%
	SLM	D	0.04%
	RYN	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%
	FOX	B	0.04%
	PATH	D	0.04%
	APPF	D	0.04%
	UGI	C	0.04%
	HXL	F	0.04%
	AM	C	0.04%
	FOUR	C	0.04%
	COLB	B	0.04%
	PAG	D	0.03%
	CXT	D	0.03%
	SMG	C	0.03%
	PK	D	0.03%
	TNL	D	0.03%
	PEGA	C	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%
	NWS	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%
	MAN	C	0.03%
	AMKR	F	0.03%
	HIW	B	0.03%
	GTES	C	0.03%
	DNB	C	0.03%
	LBTYK	B	0.03%
	LCID	C	0.03%
	CHH	C	0.03%
	HUN	D	0.03%
	EPR	B	0.03%
	MSM	D	0.03%
	COTY	F	0.03%
	LITE	B	0.03%
	PRGO	D	0.03%
	MPW	C	0.03%
	MSGS	B	0.03%
	SPR	D	0.03%
	IAC	C	0.03%
	GFS	F	0.03%
	VNOM	C	0.03%
	APLS	F	0.03%
	REYN	C	0.02%
	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%
	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%
	CWEN	C	0.02%
	QDEL	D	0.02%
	PINC	C	0.02%
	AAP	F	0.02%
	NCNO	D	0.02%
	SAM	F	0.02%
	DV	F	0.02%
	SHC	C	0.02%
	VAC	F	0.02%
	CRI	D	0.02%
	AZTA	F	0.02%
	CLVT	D	0.02%
	CACC	F	0.02%
	CC	F	0.02%
	VIRT	C	0.02%
	SPB	C	0.02%
	ZG	B	0.02%
	RKT	C	0.02%
	TDC	F	0.02%
	COLM	C	0.02%
	BHF	F	0.02%
	TFSL	C	0.01%
	NFE	F	0.01%
	SEB	D	0.01%
	UI	B	0.01%
	LLYVA	B	0.01%
	LOAR	C	0.01%
	ALAB	D	0.01%
	UWMC	D	0.01%
	CWEN	C	0.01%
	PYCR	D	0.01%
	DJT	F	0.01%
	LBRDA	F	0.01%
	DDS	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%
	PPC	D	0.01%
	ALGM	F	0.01%
	SEG	C	0.0%
	PARAA	D	0.0%
	GRAL	F	0.0%
	UHAL	A	0.0%
	PLTK	C	0.0%

IWR Underweight 205 Positions Relative to SCHJ

	Symbol	Grade	Weight
	CARR	B	-0.1%
	MDT	C	-0.1%
	COP	D	-0.09%
	BABA	B	-0.09%
	V	C	-0.09%
	KLAC	D	-0.07%
	CME	C	-0.07%
	BLK	B	-0.07%
	STLA	F	-0.07%
	GILD	B	-0.07%
	TMUS	C	-0.06%
	ORCL	C	-0.06%
	ETN	C	-0.05%
	KO	C	-0.05%
	ADP	B	-0.05%
	TGT	C	-0.05%
	BDX	D	-0.05%
	MRK	D	-0.05%
	GS	C	-0.05%
	MSFT	C	-0.05%
	ITW	C	-0.04%
	SPGI	B	-0.04%
	AMAT	D	-0.04%
	BHP	D	-0.04%
	FDX	C	-0.04%
	PH	B	-0.04%
	MA	B	-0.04%
	HON	D	-0.04%
	GSK	C	-0.04%
	NOC	B	-0.04%
	DIS	D	-0.04%
	SBUX	C	-0.04%
	AXP	B	-0.04%
	HCA	B	-0.04%
	AIG	D	-0.04%
	AMZN	C	-0.04%
	AAPL	C	-0.04%
	DELL	D	-0.04%
	HP	F	-0.03%
	EMR	D	-0.03%
	MAIN	B	-0.03%
	TEL	D	-0.03%
	GP	D	-0.03%
	TME	F	-0.03%
	FTNT	C	-0.03%
	WB	D	-0.03%
	OPI	F	-0.03%
	JD	C	-0.03%
	MSI	B	-0.03%
	AWH	F	-0.03%
	JCI	B	-0.03%
	BKU	C	-0.03%
	CNO	B	-0.03%
	MDLZ	B	-0.03%
	TT	B	-0.03%
	MPC	F	-0.03%
	TMO	B	-0.03%
	VLO	F	-0.03%
	MU	F	-0.03%
	EPD	B	-0.03%
	NVDA	D	-0.03%
	PFE	C	-0.03%
	GOOGL	D	-0.03%
	PYPL	B	-0.03%
	ARCC	B	-0.03%
	BIDU	D	-0.03%
	USB	B	-0.03%
	CSCO	C	-0.03%
	GE	B	-0.03%
	IBM	B	-0.03%
	WMT	C	-0.03%
	XOM	C	-0.03%
	C	C	-0.03%
	ABBV	C	-0.03%
	HSBC	B	-0.03%
	MS	D	-0.03%
	BAC	D	-0.03%
	TSLX	C	-0.02%
	TCPC	F	-0.02%
	VLY	C	-0.02%
	ADI	C	-0.02%
	APD	B	-0.02%
	SBRA	C	-0.02%
	OCSL	F	-0.02%
	HTGC	D	-0.02%
	BCSF	B	-0.02%
	PSEC	C	-0.02%
	ADSK	C	-0.02%
	EL	F	-0.02%
	GBDC	C	-0.02%
	LLY	C	-0.02%
	GSBD	D	-0.02%
	BKH	B	-0.02%
	SLG	B	-0.02%
	WM	D	-0.02%
	MRVL	C	-0.02%
	INTU	C	-0.02%
	SHW	B	-0.02%
	AON	B	-0.02%
	KMB	D	-0.02%
	MCO	B	-0.02%
	EQIX	C	-0.02%
	TJX	B	-0.02%
	SRE	C	-0.02%
	MMM	B	-0.02%
	SITC	D	-0.02%
	ORLY	C	-0.02%
	BKNG	C	-0.02%
	D	C	-0.02%
	ABT	C	-0.02%
	SYK	C	-0.02%
	PM	C	-0.02%
	MET	B	-0.02%
	NXPI	F	-0.02%
	STZ	D	-0.02%
	CRM	D	-0.02%
	MO	C	-0.02%
	CAT	B	-0.02%
	CM	B	-0.02%
	QCOM	D	-0.02%
	DUK	C	-0.02%
	ICE	C	-0.02%
	UPS	D	-0.02%
	MMC	C	-0.02%
	SLB	F	-0.02%
	GD	B	-0.02%
	RTX	C	-0.02%
	VOD	C	-0.02%
	PG	C	-0.02%
	AVGO	C	-0.02%
	KDP	B	-0.02%
	PNC	B	-0.02%
	MAR	C	-0.02%
	EOG	D	-0.02%
	AER	B	-0.02%
	BNS	B	-0.02%
	DB	B	-0.02%
	PEP	C	-0.02%
	ZTS	C	-0.02%
	CB	B	-0.02%
	TFC	C	-0.02%
	LMT	C	-0.02%
	VZ	B	-0.02%
	BMY	C	-0.02%
	JNJ	C	-0.02%
	RY	B	-0.02%
	CI	C	-0.02%
	MUFG	D	-0.02%
	CVX	D	-0.02%
	NWG	C	-0.02%
	INTC	F	-0.02%
	WFC	D	-0.02%
	JPM	D	-0.02%
	NEM	B	-0.01%
	PDM	B	-0.01%
	CSX	D	-0.01%
	RSG	D	-0.01%
	ROP	C	-0.01%
	AEP	C	-0.01%
	CP	C	-0.01%
	DHR	B	-0.01%
	NKE	D	-0.01%
	WRK	C	-0.01%
	PSA	B	-0.01%
	OGS	B	-0.01%
	LRCX	F	-0.01%
	PAA	C	-0.01%
	MCK	F	-0.01%
	ADBE	F	-0.01%
	SCHW	D	-0.01%
	LOW	B	-0.01%
	HD	B	-0.01%
	PSX	F	-0.01%
	UNH	C	-0.01%
	AMGN	B	-0.01%
	BMO	C	-0.01%
	TD	B	-0.01%
	AMT	C	-0.01%
	COF	B	-0.01%
	AZN	D	-0.01%
	MCD	B	-0.01%
	GM	C	-0.01%
	CVS	D	-0.01%
	T	C	-0.01%
	CMCSA	D	-0.01%
	BA	F	-0.01%
	COST	B	-0.0%
	SCCO	D	-0.0%
	PCAR	D	-0.0%
	FLEX	C	-0.0%
	APH	D	-0.0%
	AZO	D	-0.0%
	BDN	B	-0.0%
	NSC	C	-0.0%
	TXN	C	-0.0%
	CL	D	-0.0%
	UNP	C	-0.0%
	LIN	B	-0.0%
	WELL	C	-0.0%
	BSX	B	-0.0%
	FSK	B	-0.0%
	MPLX	B	-0.0%
	DE	B	-0.0%
	SO	B	-0.0%
	NEE	C	-0.0%

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

SCHJ: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Drug Manufacturers - Major Credit Services Diversified Industrials Semiconductors REIT - Office Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas E&P Packaged Foods REIT - Retail Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability