IWR vs. VFMO ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$87.84

Average Daily Volume

1,162,623

Number of Holdings ^*

801

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$161.48

Average Daily Volume

27,456

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VFMO
30 Days	4.01%	4.26%
60 Days	5.34%	5.14%
90 Days	8.08%	7.96%
12 Months	25.25%	41.35%

174 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in VFMO	Overlap
AAON	B	0.06%	0.02%	0.02%
ACGL	C	0.35%	0.16%	0.16%
AFL	C	0.54%	0.07%	0.07%
AFRM	C	0.09%	0.14%	0.09%
AGO	C	0.04%	0.35%	0.04%
AIZ	B	0.09%	0.18%	0.09%
AJG	D	0.56%	0.18%	0.18%
ALL	B	0.43%	0.21%	0.21%
ALLY	F	0.08%	0.08%	0.08%
ALSN	B	0.07%	0.34%	0.07%
AM	C	0.04%	0.09%	0.04%
AOS	D	0.08%	0.05%	0.05%
APG	D	0.07%	0.16%	0.07%
APP	C	0.26%	0.31%	0.26%
APPF	D	0.04%	0.07%	0.04%
ARES	B	0.23%	0.16%	0.16%
ATI	D	0.07%	0.11%	0.07%
AWI	B	0.05%	0.37%	0.05%
AXON	B	0.24%	0.16%	0.16%
AYI	B	0.07%	0.13%	0.07%
AZEK	C	0.06%	0.22%	0.06%
BAH	C	0.18%	0.1%	0.1%
BALL	C	0.18%	0.04%	0.04%
BLD	D	0.11%	0.14%	0.11%
BLDR	C	0.19%	0.18%	0.18%
BPOP	C	0.06%	0.3%	0.06%
BRBR	C	0.07%	0.23%	0.07%
BRO	C	0.22%	0.07%	0.07%
CACC	F	0.02%	0.15%	0.02%
CACI	B	0.09%	0.02%	0.02%
CAH	C	0.24%	0.07%	0.07%
CASY	D	0.12%	0.13%	0.12%
CBOE	C	0.19%	0.06%	0.06%
CELH	F	0.05%	0.18%	0.05%
CHRD	F	0.07%	0.03%	0.03%
CLH	A	0.11%	0.17%	0.11%
CNM	F	0.06%	0.3%	0.06%
COIN	F	0.28%	0.18%	0.18%
COKE	C	0.07%	0.1%	0.07%
CPAY	B	0.19%	0.06%	0.06%
CR	C	0.07%	0.23%	0.07%
CSL	B	0.17%	0.19%	0.17%
CVNA	B	0.13%	0.33%	0.13%
CW	B	0.11%	0.13%	0.11%
DDS	F	0.01%	0.04%	0.01%
DECK	C	0.21%	0.38%	0.21%
DHI	B	0.5%	0.29%	0.29%
DJT	F	0.01%	0.13%	0.01%
DKNG	C	0.15%	0.3%	0.15%
DKS	D	0.11%	0.2%	0.11%
DPZ	F	0.12%	0.18%	0.12%
DUOL	B	0.07%	0.08%	0.07%
DVA	B	0.07%	0.2%	0.07%
EHC	C	0.08%	0.11%	0.08%
ELAN	D	0.06%	0.08%	0.06%
ELF	F	0.05%	0.2%	0.05%
EME	B	0.16%	0.44%	0.16%
ESAB	C	0.05%	0.16%	0.05%
ESTC	F	0.05%	0.19%	0.05%
EVR	A	0.08%	0.19%	0.08%
EWBC	D	0.1%	0.2%	0.1%
EXEL	C	0.07%	0.04%	0.04%
EXP	B	0.08%	0.13%	0.08%
FANG	D	0.27%	0.37%	0.27%
FCNCA	D	0.19%	0.25%	0.19%
FHN	D	0.08%	0.22%	0.08%
FICO	B	0.39%	0.2%	0.2%
FITB	B	0.25%	0.34%	0.25%
FIX	B	0.11%	0.31%	0.11%
FNF	B	0.13%	0.05%	0.05%
FRPT	B	0.06%	0.19%	0.06%
FTI	D	0.09%	0.22%	0.09%
FYBR	C	0.08%	0.12%	0.08%
GAP	F	0.04%	0.12%	0.04%
GRMN	D	0.23%	0.09%	0.09%
GTES	C	0.03%	0.02%	0.02%
GWRE	A	0.12%	0.17%	0.12%
GWW	B	0.38%	0.17%	0.17%
HLT	B	0.47%	0.32%	0.32%
HOOD	C	0.13%	0.22%	0.13%
HRB	C	0.08%	0.11%	0.08%
HUBB	B	0.19%	0.13%	0.13%
HUBS	D	0.21%	0.12%	0.12%
IBKR	B	0.12%	0.13%	0.12%
IT	B	0.34%	0.06%	0.06%
JEF	B	0.09%	0.08%	0.08%
KD	D	0.05%	0.11%	0.05%
KEX	C	0.06%	0.02%	0.02%
KEY	B	0.13%	0.32%	0.13%
KMPR	D	0.03%	0.02%	0.02%
LDOS	B	0.18%	0.18%	0.18%
LEN	B	0.02%	0.34%	0.02%
LEN	B	0.39%	0.34%	0.34%
LEN	B	0.02%	0.04%	0.02%
LEN	B	0.39%	0.04%	0.04%
LII	B	0.17%	0.13%	0.13%
LNW	B	0.09%	0.15%	0.09%
LOPE	D	0.04%	0.03%	0.03%
LYFT	D	0.04%	0.13%	0.04%
M	F	0.04%	0.05%	0.04%
MEDP	F	0.08%	0.19%	0.08%
MPWR	C	0.38%	0.06%	0.06%
MSA	D	0.06%	0.1%	0.06%
MSTR	D	0.19%	0.24%	0.19%
MTG	B	0.06%	0.11%	0.06%
MTSI	D	0.05%	0.06%	0.05%
MUSA	D	0.09%	0.11%	0.09%
NBIX	F	0.11%	0.09%	0.09%
NEU	D	0.03%	0.09%	0.03%
NTNX	C	0.13%	0.22%	0.13%
NTRA	C	0.13%	0.17%	0.13%
NVR	B	0.24%	0.25%	0.24%
NVT	D	0.1%	0.15%	0.1%
NWSA	D	0.09%	0.03%	0.03%
OC	D	0.13%	0.15%	0.13%
OLLI	C	0.05%	0.08%	0.05%
OMF	D	0.05%	0.21%	0.05%
ONTO	D	0.08%	0.29%	0.08%
ORI	B	0.08%	0.1%	0.08%
OWL	C	0.08%	0.15%	0.08%
PAG	D	0.03%	0.04%	0.03%
PFGC	B	0.1%	0.04%	0.04%
PHM	B	0.26%	0.34%	0.26%
PINS	F	0.15%	0.07%	0.07%
PLTR	B	0.63%	0.1%	0.1%
PNR	B	0.13%	0.08%	0.08%
PPC	D	0.01%	0.21%	0.01%
PR	F	0.07%	0.17%	0.07%
PRI	B	0.08%	0.11%	0.08%
PSN	B	0.04%	0.14%	0.04%
PSTG	F	0.12%	0.07%	0.07%
PTC	D	0.18%	0.06%	0.06%
PVH	F	0.05%	0.05%	0.05%
PWR	B	0.34%	0.08%	0.08%
RCL	B	0.35%	0.28%	0.28%
RGA	C	0.12%	0.07%	0.07%
RKT	C	0.02%	0.06%	0.02%
RL	C	0.06%	0.18%	0.06%
ROST	C	0.45%	0.1%	0.1%
RS	D	0.14%	0.13%	0.13%
SAIA	D	0.1%	0.24%	0.1%
SKX	D	0.08%	0.22%	0.08%
SLM	D	0.04%	0.16%	0.04%
SMCI	F	0.2%	0.27%	0.2%
SPB	C	0.02%	0.06%	0.02%
SSD	D	0.07%	0.23%	0.07%
STLD	F	0.15%	0.2%	0.15%
THC	A	0.14%	0.12%	0.12%
TOL	B	0.14%	0.28%	0.14%
TPG	B	0.04%	0.19%	0.04%
TPX	C	0.08%	0.14%	0.08%
TREX	D	0.06%	0.12%	0.06%
TRGP	B	0.28%	0.2%	0.2%
UHAL	A	0.0%	0.03%	0.0%
UHAL	A	0.06%	0.03%	0.03%
URI	B	0.42%	0.23%	0.23%
USFD	B	0.12%	0.05%	0.05%
UWMC	D	0.01%	0.09%	0.01%
VIRT	C	0.02%	0.06%	0.02%
VKTX	C	0.06%	0.17%	0.06%
VNT	F	0.05%	0.12%	0.05%
VRT	C	0.27%	0.31%	0.27%
WAB	A	0.26%	0.23%	0.23%
WAL	B	0.08%	0.02%	0.02%
WDC	D	0.19%	0.2%	0.19%
WFRD	F	0.06%	0.3%	0.06%
WING	B	0.1%	0.39%	0.1%
WMS	D	0.09%	0.14%	0.09%
WRB	C	0.16%	0.1%	0.1%
WSM	D	0.16%	0.23%	0.16%
WSO	C	0.14%	0.09%	0.09%
WTFC	C	0.06%	0.05%	0.05%
WWD	D	0.09%	0.1%	0.09%
XPO	D	0.11%	0.25%	0.11%

IWR Overweight 629 Positions Relative to VFMO

Symbol	Grade	Weight
WMB	B	0.48%
OKE	B	0.47%
O	C	0.47%
SPG	B	0.46%
DLR	B	0.45%
CCI	C	0.45%
BK	B	0.45%
TTD	B	0.41%
FIS	B	0.41%
AMP	A	0.39%
KVUE	C	0.39%
IQV	C	0.38%
MSCI	C	0.38%
PAYX	C	0.38%
LHX	C	0.38%
PRU	C	0.37%
PEG	C	0.37%
PCG	C	0.37%
KMI	B	0.36%
LNG	C	0.36%
MCHP	F	0.36%
CMI	C	0.36%
IDXX	C	0.36%
GIS	B	0.36%
CTVA	B	0.35%
FAST	C	0.35%
A	C	0.35%
EXC	C	0.35%
CNC	D	0.35%
COR	D	0.35%
CTSH	C	0.34%
AME	C	0.34%
HUM	F	0.34%
HWM	B	0.34%
FERG	D	0.34%
EA	D	0.34%
EXR	B	0.33%
YUM	D	0.33%
EFX	B	0.33%
ODFL	D	0.33%
OTIS	C	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%
KR	C	0.32%
DOW	D	0.31%
VICI	C	0.31%
XEL	B	0.31%
SQ	D	0.31%
HES	F	0.31%
DD	B	0.3%
IRM	C	0.3%
NUE	F	0.3%
HIG	B	0.3%
DDOG	D	0.29%
DFS	C	0.29%
AVB	B	0.29%
BKR	C	0.29%
ALNY	C	0.29%
XYL	D	0.28%
MLM	D	0.28%
CHTR	D	0.28%
CSGP	D	0.28%
EBAY	B	0.28%
VEEV	C	0.28%
HPQ	D	0.28%
GLW	C	0.28%
EIX	C	0.28%
TSCO	C	0.27%
ON	D	0.27%
VMC	D	0.27%
EQR	B	0.26%
VST	C	0.26%
CDW	D	0.26%
HSY	C	0.26%
PPG	D	0.26%
WTW	C	0.26%
ADM	D	0.26%
NDAQ	A	0.26%
ROK	D	0.26%
WEC	C	0.26%
MTB	B	0.25%
GPN	D	0.25%
BIIB	F	0.25%
AWK	B	0.25%
MTD	D	0.25%
DAL	C	0.25%
VLTO	C	0.24%
ETR	B	0.24%
DXCM	F	0.24%
CPNG	B	0.24%
ANSS	D	0.24%
FTV	C	0.23%
DTE	C	0.23%
SBAC	C	0.23%
KEYS	C	0.23%
VTR	C	0.23%
IFF	B	0.23%
TYL	C	0.22%
HAL	F	0.22%
BR	D	0.22%
DVN	F	0.22%
STT	B	0.22%
DOV	B	0.22%
CHD	D	0.22%
TTWO	C	0.22%
FE	C	0.22%
NET	D	0.21%
WY	C	0.21%
ES	C	0.21%
PPL	C	0.21%
STE	C	0.21%
NTAP	D	0.21%
FSLR	C	0.21%
LYB	D	0.21%
AEE	C	0.2%
RJF	C	0.2%
INVH	C	0.2%
TROW	D	0.2%
RBLX	B	0.2%
BBY	C	0.19%
ARE	C	0.19%
COO	B	0.19%
GDDY	C	0.19%
ZBH	F	0.19%
WST	D	0.19%
HPE	D	0.19%
ESS	B	0.18%
TDY	B	0.18%
TER	D	0.18%
MKL	C	0.18%
BAX	C	0.18%
RF	B	0.18%
ILMN	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	C	0.18%
MKC	C	0.18%
K	B	0.18%
SYF	C	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%
AVTR	B	0.16%
ALGN	D	0.16%
CFG	C	0.16%
DG	F	0.16%
LH	C	0.16%
PKG	B	0.16%
HOLX	C	0.16%
APTV	D	0.16%
EG	C	0.15%
HEI	B	0.15%
ENTG	F	0.15%
TXT	D	0.15%
IP	B	0.15%
ZM	C	0.15%
CTRA	F	0.15%
FDS	C	0.15%
EXPD	C	0.15%
EXPE	C	0.15%
DGX	B	0.15%
LUV	C	0.15%
CCL	C	0.15%
ZBRA	B	0.15%
TSN	C	0.15%
NRG	C	0.15%
BURL	B	0.15%
AVY	C	0.15%
MAS	B	0.15%
CNP	C	0.15%
FWONK	C	0.14%
ZS	F	0.14%
SWK	B	0.14%
LYV	B	0.14%
AMCR	B	0.14%
VRSN	D	0.14%
KIM	C	0.14%
DOC	C	0.14%
BMRN	F	0.14%
MANH	B	0.14%
SSNC	B	0.14%
PODD	B	0.14%
UAL	C	0.14%
SWKS	D	0.14%
LVS	D	0.13%
L	C	0.13%
SNA	C	0.13%
ENPH	D	0.13%
UTHR	C	0.13%
CF	C	0.13%
AKAM	D	0.13%
GEN	B	0.13%
MRO	D	0.13%
RVTY	B	0.13%
IEX	D	0.13%
TPL	B	0.13%
NI	B	0.13%
LNT	B	0.13%
LPLA	D	0.13%
CAG	C	0.13%
RPM	B	0.13%
UDR	C	0.13%
ACM	B	0.12%
POOL	C	0.12%
DT	C	0.12%
UHS	B	0.12%
RNR	C	0.12%
GLPI	C	0.12%
EVRG	B	0.12%
TW	B	0.12%
WPC	C	0.12%
BG	D	0.12%
TRMB	C	0.12%
CE	F	0.12%
REG	C	0.12%
GGG	C	0.12%
AMH	C	0.12%
VTRS	D	0.12%
JBHT	D	0.12%
ELS	C	0.12%
ROL	C	0.12%
DLTR	F	0.12%
NDSN	C	0.12%
CUBE	C	0.11%
EMN	B	0.11%
HST	C	0.11%
FFIV	B	0.11%
TTEK	C	0.11%
ALLE	B	0.11%
KMX	D	0.11%
JNPR	B	0.11%
JBL	D	0.11%
EQH	C	0.11%
SJM	C	0.11%
BXP	B	0.11%
JKHY	B	0.11%
CPT	B	0.11%
AES	C	0.11%
REXR	C	0.1%
LKQ	F	0.1%
TXRH	C	0.1%
RIVN	F	0.1%
ITT	B	0.1%
EPAM	F	0.1%
SRPT	D	0.1%
LAMR	B	0.1%
SCI	B	0.1%
HEI	B	0.1%
OKTA	F	0.1%
CHRW	B	0.1%
DOCU	C	0.1%
SW	B	0.1%
TECH	C	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%
TPR	C	0.09%
CPB	C	0.09%
AFG	B	0.09%
LECO	F	0.09%
GL	C	0.09%
WTRG	D	0.09%
DOX	C	0.09%
ARMK	B	0.09%
OHI	B	0.09%
ATR	B	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%
QRVO	F	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%
RPRX	C	0.09%
PAYC	D	0.08%
SF	A	0.08%
APA	F	0.08%
TTC	D	0.08%
DAY	D	0.08%
CG	D	0.08%
INGR	B	0.08%
MGM	F	0.08%
NNN	C	0.08%
EGP	B	0.08%
BWXT	D	0.08%
HSIC	C	0.08%
CNH	D	0.08%
GPK	B	0.08%
TKO	B	0.08%
LW	D	0.08%
MTCH	C	0.08%
HRL	C	0.08%
CAVA	B	0.08%
ROKU	C	0.08%
RGLD	C	0.08%
Z	B	0.08%
MKTX	C	0.08%
HAS	B	0.08%
FOXA	B	0.08%
TAP	D	0.08%
FRT	C	0.08%
SOLV	C	0.08%
CHK	D	0.08%
BWA	D	0.07%
MKSI	F	0.07%
BERY	B	0.07%
ADC	C	0.07%
LAD	D	0.07%
VOYA	B	0.07%
AXTA	B	0.07%
CROX	D	0.07%
AR	F	0.07%
WBS	D	0.07%
ITCI	D	0.07%
FCN	D	0.07%
RGEN	D	0.07%
GMED	D	0.07%
FMC	C	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%
OGE	C	0.07%
AA	D	0.07%
KNX	C	0.07%
GNRC	D	0.07%
NCLH	C	0.07%
GLOB	D	0.07%
COLD	D	0.07%
MORN	C	0.07%
KBR	D	0.07%
WEX	C	0.07%
MHK	C	0.07%
UNM	B	0.07%
CZR	C	0.07%
MOS	F	0.07%
DCI	C	0.07%
BRX	B	0.07%
CHE	C	0.07%
SNX	D	0.07%
NYT	C	0.07%
BIO	C	0.06%
STWD	A	0.06%
CART	A	0.06%
LPX	B	0.06%
RLI	B	0.06%
H	C	0.06%
VNO	C	0.06%
GTLB	D	0.06%
RHI	D	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%
WBA	F	0.06%
OSK	F	0.06%
IONS	F	0.06%
SMAR	C	0.06%
RYAN	D	0.06%
JAZZ	D	0.06%
SNV	C	0.06%
CGNX	F	0.06%
FAF	B	0.06%
SEIC	C	0.06%
LBRDK	F	0.06%
ARW	C	0.06%
GNTX	F	0.06%
ZION	D	0.06%
MTN	D	0.06%
SN	B	0.06%
RRC	D	0.06%
G	C	0.06%
BRKR	D	0.06%
SWN	D	0.06%
PEN	D	0.06%
PCTY	C	0.06%
AAL	D	0.06%
WCC	D	0.06%
BSY	D	0.06%
MTZ	B	0.06%
SAIC	C	0.06%
MIDD	D	0.06%
ACHC	C	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%
CMA	B	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%
FNB	C	0.05%
WHR	D	0.05%
S	C	0.05%
THO	D	0.05%
IDA	C	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%
LAZ	B	0.05%
BC	C	0.05%
THG	B	0.05%
SON	C	0.05%
VMI	D	0.05%
XRAY	D	0.05%
AMG	C	0.05%
NFG	B	0.05%
GME	F	0.05%
DAR	F	0.05%
CLF	F	0.05%
MDU	C	0.05%
AGCO	D	0.05%
SRCL	A	0.05%
BEN	F	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%
SIRI	C	0.05%
LEA	F	0.05%
GXO	D	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%
WH	B	0.05%
R	A	0.05%
BBWI	F	0.05%
FLS	D	0.05%
AXS	B	0.05%
PARA	F	0.05%
SITE	C	0.05%
NOV	F	0.05%
SLGN	B	0.04%
DLB	F	0.04%
ROIV	C	0.04%
BYD	C	0.04%
PII	D	0.04%
EEFT	D	0.04%
KRC	C	0.04%
ASH	D	0.04%
CPRI	D	0.04%
FLO	C	0.04%
AN	D	0.04%
W	D	0.04%
WTM	D	0.04%
CUZ	B	0.04%
SEE	D	0.04%
OZK	D	0.04%
AL	D	0.04%
LNC	D	0.04%
HOG	C	0.04%
RYN	C	0.04%
AVT	C	0.04%
WLK	D	0.04%
DOCS	B	0.04%
JHG	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%
UGI	C	0.04%
HXL	F	0.04%
FOUR	C	0.04%
COLB	B	0.04%
TKR	D	0.04%
CXT	D	0.03%
SMG	C	0.03%
WU	F	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%
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%
DXC	C	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	D	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%
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%
AGR	B	0.02%
VAC	F	0.02%
CRI	D	0.02%
AZTA	F	0.02%
CLVT	D	0.02%
CC	F	0.02%
ZG	B	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%
CWEN	C	0.01%
PYCR	D	0.01%
LBRDA	F	0.01%
WOLF	F	0.01%
SNDR	B	0.01%
CAR	F	0.01%
CERT	F	0.01%
CNA	C	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%
ALGM	F	0.01%
SEG	C	0.0%
PARAA	D	0.0%
GRAL	F	0.0%
PLTK	C	0.0%

IWR Underweight 409 Positions Relative to VFMO

Symbol	Grade	Weight
NVDA	D	-1.49%
AVGO	C	-1.34%
ANET	B	-1.31%
LLY	C	-1.29%
NFLX	B	-1.16%
META	B	-1.14%
GE	B	-1.09%
CRWD	D	-1.07%
KKR	B	-1.06%
WFC	D	-0.95%
APO	C	-0.9%
MU	F	-0.9%
PGR	B	-0.89%
ETN	C	-0.86%
CMG	C	-0.85%
C	D	-0.85%
KLAC	D	-0.82%
LRCX	F	-0.81%
UBER	C	-0.81%
AMZN	C	-0.79%
PCAR	D	-0.78%
MCK	F	-0.76%
TT	B	-0.73%
GOOG	D	-0.71%
TDG	B	-0.71%
MPC	F	-0.69%
PSX	F	-0.69%
APH	D	-0.58%
AMAT	D	-0.57%
COST	B	-0.54%
BSX	B	-0.53%
PH	B	-0.51%
AXP	B	-0.45%
SMMT	C	-0.4%
NU	B	-0.4%
SPOT	B	-0.38%
SKYW	C	-0.37%
JPM	D	-0.37%
AROC	D	-0.36%
CAT	B	-0.34%
CRM	D	-0.34%
SFM	B	-0.34%
AIG	D	-0.33%
TJX	B	-0.29%
BKNG	C	-0.29%
IBP	D	-0.29%
QCOM	D	-0.29%
GPOR	D	-0.28%
CUBI	F	-0.28%
FN	D	-0.28%
GM	C	-0.28%
BPMC	F	-0.26%
SHW	B	-0.25%
NOW	B	-0.25%
ANF	D	-0.25%
BLBD	D	-0.25%
MSFT	C	-0.24%
CRBG	D	-0.23%
INSM	D	-0.23%
SFL	F	-0.23%
LBRT	D	-0.22%
FBP	C	-0.22%
TNK	F	-0.22%
GFF	D	-0.21%
PCVX	C	-0.21%
ASPN	D	-0.21%
STC	B	-0.21%
AZZ	D	-0.21%
OSCR	B	-0.2%
REVG	D	-0.2%
SM	F	-0.2%
HLX	F	-0.2%
CYTK	F	-0.2%
IESC	D	-0.2%
LRN	B	-0.2%
VCTR	B	-0.19%
ADMA	B	-0.19%
POWL	C	-0.19%
VRTX	D	-0.19%
SCCO	D	-0.19%
NSIT	D	-0.19%
MLKN	D	-0.19%
GKOS	C	-0.19%
INSW	D	-0.19%
LMB	B	-0.18%
FULT	D	-0.18%
JXN	A	-0.18%
DHT	D	-0.18%
IBM	B	-0.18%
LBPH	D	-0.18%
BKD	D	-0.17%
CSWI	B	-0.17%
TDW	F	-0.17%
COOP	C	-0.17%
RNA	D	-0.17%
WULF	D	-0.17%
VERA	C	-0.16%
BX	B	-0.16%
LIN	B	-0.16%
MOG.A	B	-0.16%
AIT	A	-0.16%
INVA	B	-0.16%
MOD	A	-0.16%
MCY	D	-0.16%
SKWD	C	-0.16%
ATGE	D	-0.15%
TPC	C	-0.15%
CRNX	C	-0.15%
RXST	C	-0.15%
SGBX	F	-0.15%
SCHW	D	-0.15%
NAT	D	-0.15%
CARR	B	-0.15%
HQY	C	-0.15%
ASB	D	-0.15%
BCC	C	-0.15%
CADE	C	-0.15%
RVMD	C	-0.14%
NUVL	C	-0.14%
TMHC	A	-0.14%
LPG	F	-0.14%
JANX	C	-0.14%
RSI	C	-0.14%
VLO	F	-0.14%
STRL	B	-0.14%
VITL	D	-0.14%
DYN	D	-0.14%
NR	D	-0.14%
CPRT	D	-0.14%
AMR	F	-0.13%
CDRE	C	-0.13%
BGC	B	-0.13%
AVAV	C	-0.13%
ZIMV	F	-0.13%
NHC	D	-0.13%
HOV	C	-0.13%
HUMA	D	-0.13%
ROAD	B	-0.13%
CLSK	F	-0.13%
EWTX	B	-0.13%
UTI	D	-0.13%
AMRX	B	-0.13%
MHO	B	-0.13%
PTVE	D	-0.13%
HURN	C	-0.12%
FCX	D	-0.12%
BV	C	-0.12%
TNC	F	-0.12%
HCC	F	-0.12%
GIII	C	-0.12%
ARDX	D	-0.12%
LQDA	F	-0.12%
MTH	A	-0.12%
TREE	C	-0.12%
SCS	D	-0.12%
CBZ	F	-0.11%
TWST	D	-0.11%
ANNX	C	-0.11%
EYPT	D	-0.11%
AMWD	D	-0.11%
ACLX	B	-0.11%
ACIC	D	-0.11%
RYTM	B	-0.11%
ALT	D	-0.11%
KRYS	D	-0.11%
CIFR	F	-0.11%
YMAB	C	-0.11%
TDS	C	-0.11%
MATX	B	-0.11%
OFG	C	-0.11%
COLL	C	-0.11%
ANAB	C	-0.11%
BKU	C	-0.11%
HY	F	-0.11%
GNK	D	-0.11%
ENSG	B	-0.11%
HRTX	F	-0.11%
EVER	D	-0.11%
PRIM	B	-0.11%
RUSHA	C	-0.11%
CMPR	F	-0.11%
GBX	C	-0.1%
MARA	F	-0.1%
CXW	F	-0.1%
ITGR	A	-0.1%
NPO	D	-0.1%
REX	D	-0.1%
EU	D	-0.1%
NNBR	D	-0.1%
EGY	D	-0.1%
AUR	C	-0.1%
SRRK	F	-0.1%
PTGX	C	-0.1%
MTX	F	-0.1%
TARS	C	-0.1%
NRIX	C	-0.1%
GOGL	D	-0.1%
CRS	B	-0.1%
AGM	D	-0.1%
GEO	F	-0.1%
NKTX	F	-0.1%
HNI	C	-0.1%
STNG	D	-0.1%
MSGE	B	-0.09%
ORIC	D	-0.09%
DASH	C	-0.09%
SPNT	C	-0.09%
BELFB	B	-0.09%
DAWN	D	-0.09%
TMDX	D	-0.09%
GNW	B	-0.09%
EOLS	C	-0.09%
UEC	D	-0.09%
ABCB	B	-0.09%
CENX	D	-0.09%
SLVM	B	-0.09%
SHAK	C	-0.09%
PRMW	B	-0.09%
PETQ	B	-0.09%
TILE	B	-0.09%
FOR	C	-0.09%
IDYA	F	-0.09%
TK	C	-0.09%
CGEM	D	-0.09%
CECO	D	-0.09%
METC	F	-0.09%
HCI	C	-0.09%
OII	D	-0.09%
ANIP	D	-0.09%
SIGA	D	-0.08%
IMVT	D	-0.08%
KROS	C	-0.08%
SWTX	F	-0.08%
GRND	C	-0.08%
SXI	C	-0.08%
VECO	F	-0.08%
GRBK	B	-0.08%
BASE	F	-0.08%
TROX	F	-0.08%
RDNT	B	-0.08%
GERN	D	-0.08%
ACMR	F	-0.08%
MAX	C	-0.08%
BOH	D	-0.08%
PLAY	F	-0.08%
BBIO	D	-0.08%
KALV	F	-0.08%
SMTC	C	-0.08%
IOVA	C	-0.08%
KURA	D	-0.08%
FG	D	-0.08%
PRCT	C	-0.08%
AEO	F	-0.08%
MLI	B	-0.08%
SOUN	D	-0.08%
INOD	D	-0.07%
AMAL	B	-0.07%
OSW	C	-0.07%
UVV	D	-0.07%
PRDO	D	-0.07%
OCUL	C	-0.07%
RDN	C	-0.07%
DFH	C	-0.07%
LAUR	C	-0.07%
CHCO	B	-0.07%
ICFI	B	-0.07%
KTB	B	-0.07%
AGIO	C	-0.07%
WINA	D	-0.07%
PATK	B	-0.07%
HEES	D	-0.07%
WOR	D	-0.07%
ANDE	D	-0.07%
ALKT	D	-0.07%
CDE	C	-0.07%
VSEC	C	-0.07%
ALXO	F	-0.07%
HWKN	C	-0.07%
WTS	C	-0.06%
UVE	C	-0.06%
NVRI	D	-0.06%
AIR	C	-0.06%
SVRA	D	-0.06%
WEAV	C	-0.06%
BAND	D	-0.06%
UFPT	B	-0.06%
ANET	B	-0.06%
OLMA	D	-0.06%
JOE	C	-0.06%
TNDM	C	-0.06%
ACVA	B	-0.06%
SIG	C	-0.06%
MDXG	F	-0.06%
KOP	F	-0.06%
SPRY	C	-0.06%
SANA	F	-0.06%
TGI	F	-0.05%
ACT	B	-0.05%
TRMK	C	-0.05%
ALTR	D	-0.05%
PRK	C	-0.05%
WDFC	C	-0.05%
NTB	C	-0.05%
LZB	C	-0.05%
FDMT	F	-0.05%
JELD	D	-0.05%
CENT	F	-0.05%
VCEL	D	-0.05%
STEP	B	-0.05%
ARLO	F	-0.05%
PBF	F	-0.05%
FSS	D	-0.05%
CAL	F	-0.05%
ACA	B	-0.05%
AMD	D	-0.05%
TPH	C	-0.05%
CASH	B	-0.05%
CRAI	D	-0.05%
CSTL	C	-0.05%
AGYS	D	-0.05%
INTU	C	-0.05%
ZEUS	F	-0.05%
GMS	D	-0.05%
QNST	B	-0.05%
DFIN	B	-0.04%
PRM	B	-0.04%
SB	D	-0.04%
BLX	C	-0.04%
MTRN	F	-0.04%
MBI	F	-0.04%
PAR	B	-0.04%
TPB	B	-0.04%
PNTG	B	-0.04%
PI	B	-0.04%
AX	D	-0.04%
SNPS	F	-0.04%
PACK	D	-0.04%
CTS	D	-0.04%
CMRE	D	-0.04%
IBOC	D	-0.04%
INZY	C	-0.04%
DAKT	D	-0.04%
ARCT	F	-0.04%
OCGN	F	-0.04%
OSIS	D	-0.04%
HIMS	D	-0.04%
URGN	F	-0.04%
KTOS	C	-0.04%
MRSN	D	-0.04%
CRVL	B	-0.04%
SHOO	B	-0.04%
PFBC	D	-0.04%
VRNS	C	-0.04%
NMRK	A	-0.04%
CRDO	D	-0.04%
SPOK	C	-0.04%
MYRG	F	-0.03%
LYTS	C	-0.03%
TRN	D	-0.03%
GOLF	D	-0.03%
PRG	A	-0.03%
MBIN	D	-0.03%
PFSI	C	-0.03%
SCVL	B	-0.03%
EPAC	B	-0.03%
NMIH	B	-0.03%
GPI	B	-0.03%
URBN	F	-0.03%
GIC	D	-0.03%
STNE	F	-0.03%
XERS	C	-0.03%
CCS	B	-0.03%
LOB	B	-0.03%
SEMR	D	-0.03%
ARCH	F	-0.03%
MIR	D	-0.03%
CNX	B	-0.03%
CDLX	F	-0.03%
SXC	F	-0.03%
RAMP	F	-0.03%
PARR	F	-0.03%
DXPE	D	-0.03%
EAT	A	-0.03%
ROCK	D	-0.03%
THR	D	-0.03%
GSHD	C	-0.02%
IDT	C	-0.02%
CRMD	B	-0.02%
BHE	D	-0.02%
CCOI	C	-0.02%
PFC	C	-0.02%
AGX	B	-0.02%
USLM	B	-0.02%
CPF	B	-0.02%
FBK	B	-0.02%
PLMR	C	-0.02%
SPNS	D	-0.02%
ATRO	D	-0.02%
KRUS	C	-0.02%
ITRI	C	-0.02%
KALU	F	-0.02%
MITK	F	-0.02%
PAGS	F	-0.02%
WRLD	D	-0.02%
LEU	D	-0.02%
ZETA	C	-0.02%
CPS	F	-0.02%
SCSC	D	-0.02%
ASC	D	-0.02%