IWB vs. FBUF ETF Comparison

Comparison of iShares Russell 1000 ETF (IWB) to Fidelity Dynamic Buffered Equity ETF (FBUF)

IWB

iShares Russell 1000 ETF

IWB Description

The investment seeks to track the investment results of an index composed of large- and 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. It seeks to track the investment results of the Russell 1000Â® Index (the "underlying index"), which measures the performance of large- and mid-capitalization sectors of the U.S. equity market.

Grade (RS Rating)

Last Trade

$328.90

Average Daily Volume

791,576

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	IWB	FBUF
30 Days	3.82%	3.10%
60 Days	5.33%	4.70%
90 Days	7.10%	6.08%
12 Months	33.41%

150 Overlapping Holdings

Symbol	Grade	Weight in IWB	Weight in FBUF	Overlap
AAPL	C	6.04%	7.34%	6.04%
ABBV	D	0.54%	0.91%	0.54%
ABT	B	0.37%	0.63%	0.37%
ADBE	C	0.41%	0.94%	0.41%
ADP	B	0.23%	0.26%	0.23%
ALLE	D	0.02%	0.38%	0.02%
AMAT	F	0.26%	0.67%	0.26%
AME	A	0.08%	0.09%	0.08%
AMGN	D	0.28%	0.25%	0.25%
AMT	D	0.17%	0.21%	0.17%
AMZN	C	3.48%	3.84%	3.48%
ANET	C	0.18%	0.06%	0.06%
AON	A	0.14%	0.12%	0.12%
AVGO	D	1.38%	1.62%	1.38%
AXP	A	0.3%	0.43%	0.3%
BAC	A	0.59%	1.18%	0.59%
BBWI	D	0.01%	0.16%	0.01%
BDX	F	0.12%	0.58%	0.12%
BIIB	F	0.04%	0.21%	0.04%
BK	A	0.11%	0.12%	0.11%
BMY	B	0.21%	0.74%	0.21%
BRK.A	B	1.59%	2.2%	1.59%
C	A	0.24%	0.72%	0.24%
CACI	D	0.02%	0.17%	0.02%
CAH	B	0.05%	0.31%	0.05%
CAT	B	0.35%	0.53%	0.35%
CI	F	0.17%	0.63%	0.17%
CINF	A	0.04%	0.07%	0.04%
CL	D	0.14%	0.55%	0.14%
CLX	B	0.04%	0.14%	0.04%
CMCSA	B	0.3%	0.84%	0.3%
CME	A	0.15%	0.44%	0.15%
CMG	B	0.15%	0.47%	0.15%
COST	B	0.74%	0.3%	0.3%
CRM	B	0.56%	1.16%	0.56%
CRUS	D	0.01%	0.07%	0.01%
CSCO	B	0.43%	0.8%	0.43%
CSX	B	0.13%	0.49%	0.13%
CTAS	B	0.14%	0.65%	0.14%
CVNA	B	0.05%	0.52%	0.05%
CVS	D	0.12%	0.23%	0.12%
CVX	A	0.51%	0.02%	0.02%
DASH	A	0.11%	0.11%	0.11%
DBX	B	0.01%	0.52%	0.01%
DIS	B	0.39%	0.65%	0.39%
DOCU	A	0.03%	0.09%	0.03%
DVN	F	0.04%	0.52%	0.04%
ECL	D	0.11%	0.63%	0.11%
ED	D	0.06%	0.1%	0.06%
EOG	A	0.14%	0.48%	0.14%
EXEL	B	0.02%	0.43%	0.02%
F	C	0.08%	0.33%	0.08%
FTNT	C	0.11%	0.2%	0.11%
GAP	C	0.01%	0.21%	0.01%
GE	D	0.36%	0.48%	0.36%
GEN	B	0.03%	0.13%	0.03%
GILD	C	0.2%	0.74%	0.2%
GL	B	0.02%	0.13%	0.02%
GOOG	C	1.58%	1.89%	1.58%
GOOGL	C	1.87%	2.04%	1.87%
GRMN	B	0.06%	0.44%	0.06%
HD	A	0.75%	1.32%	0.75%
HWM	A	0.08%	0.38%	0.08%
IDXX	F	0.06%	0.15%	0.06%
INCY	C	0.02%	0.34%	0.02%
INTU	C	0.35%	0.12%	0.12%
ITW	B	0.15%	0.14%	0.14%
JNJ	D	0.69%	0.73%	0.69%
JPM	A	1.3%	1.93%	1.3%
KLAC	D	0.15%	0.61%	0.15%
KR	B	0.07%	0.12%	0.07%
LDOS	C	0.04%	0.31%	0.04%
LHX	C	0.09%	0.21%	0.09%
LLY	F	1.1%	0.76%	0.76%
LMT	D	0.21%	0.71%	0.21%
LNW	D	0.02%	0.16%	0.02%
LPLA	A	0.04%	0.11%	0.04%
LRCX	F	0.17%	0.24%	0.17%
LYFT	C	0.01%	0.08%	0.01%
MA	C	0.8%	1.36%	0.8%
MEDP	D	0.01%	0.28%	0.01%
META	D	2.24%	2.89%	2.24%
MGM	D	0.02%	0.23%	0.02%
MMC	B	0.2%	0.53%	0.2%
MMM	D	0.13%	0.19%	0.13%
MRK	F	0.45%	0.96%	0.45%
MSCI	C	0.08%	0.26%	0.08%
MSFT	F	5.7%	5.66%	5.66%
MSI	B	0.15%	0.43%	0.15%
MU	D	0.2%	0.5%	0.2%
NBIX	C	0.02%	0.06%	0.02%
NEE	D	0.29%	0.82%	0.29%
NFLX	A	0.65%	1.28%	0.65%
NOC	D	0.13%	0.6%	0.13%
NOW	A	0.38%	0.5%	0.38%
NRG	B	0.04%	0.09%	0.04%
NSC	B	0.11%	0.11%	0.11%
NUE	C	0.06%	0.36%	0.06%
NVDA	C	6.14%	7.37%	6.14%
ORCL	B	0.53%	0.04%	0.04%
OXY	D	0.06%	0.15%	0.06%
PCAR	B	0.11%	0.37%	0.11%
PEGA	A	0.01%	0.02%	0.01%
PEP	F	0.4%	0.19%	0.19%
PFE	D	0.26%	0.41%	0.26%
PG	A	0.74%	0.8%	0.74%
PGR	A	0.28%	0.67%	0.28%
PLTK	B	0.0%	0.07%	0.0%
PM	B	0.37%	0.94%	0.37%
PPG	F	0.05%	0.34%	0.05%
PSA	D	0.1%	0.17%	0.1%
PYPL	B	0.16%	0.72%	0.16%
QCOM	F	0.33%	0.85%	0.33%
QRVO	F	0.01%	0.06%	0.01%
RSG	A	0.08%	0.23%	0.08%
RTX	C	0.29%	0.28%	0.28%
SCHW	B	0.22%	0.79%	0.22%
SEIC	B	0.02%	0.54%	0.02%
SPG	B	0.11%	0.44%	0.11%
SPGI	C	0.29%	0.21%	0.21%
SQ	B	0.09%	0.6%	0.09%
SSNC	B	0.03%	0.18%	0.03%
SYK	C	0.26%	0.24%	0.24%
T	A	0.3%	0.71%	0.3%
TDC	D	0.01%	0.35%	0.01%
TJX	A	0.25%	0.72%	0.25%
TMO	F	0.36%	0.38%	0.36%
TMUS	B	0.21%	0.28%	0.21%
TNL	A	0.01%	0.04%	0.01%
TOL	B	0.03%	0.02%	0.02%
TROW	B	0.05%	0.28%	0.05%
TRV	B	0.11%	0.26%	0.11%
TSLA	B	1.65%	1.27%	1.27%
TT	A	0.17%	0.68%	0.17%
TWLO	A	0.03%	0.09%	0.03%
TXT	D	0.03%	0.5%	0.03%
UBER	D	0.27%	0.24%	0.24%
UNH	C	1.01%	0.57%	0.57%
UNM	A	0.02%	0.1%	0.02%
UNP	C	0.27%	0.75%	0.27%
UTHR	C	0.03%	0.04%	0.03%
V	A	0.9%	0.65%	0.65%
VEEV	C	0.06%	0.04%	0.04%
VST	B	0.09%	0.14%	0.09%
WFC	A	0.48%	0.28%	0.28%
WM	A	0.16%	0.41%	0.16%
WMT	A	0.68%	0.82%	0.68%
XOM	B	0.99%	1.56%	0.99%
ZBRA	B	0.04%	0.52%	0.04%
ZM	B	0.04%	0.53%	0.04%

IWB Overweight 850 Positions Relative to FBUF

Symbol	Grade	Weight
KO	D	0.44%
ACN	C	0.41%
LIN	D	0.4%
AMD	F	0.4%
MCD	D	0.39%
GS	A	0.35%
IBM	C	0.35%
TXN	C	0.34%
ISRG	A	0.34%
VZ	C	0.32%
BKNG	A	0.31%
BLK	C	0.29%
MS	A	0.29%
HON	B	0.28%
LOW	D	0.28%
DHR	F	0.27%
ETN	A	0.26%
BSX	B	0.24%
BX	A	0.24%
COP	C	0.24%
PLTR	B	0.24%
CB	C	0.22%
PANW	C	0.22%
VRTX	F	0.22%
FI	A	0.22%
SBUX	A	0.21%
MDT	D	0.21%
DE	A	0.19%
KKR	A	0.19%
ADI	D	0.19%
INTC	D	0.19%
PLD	D	0.19%
MO	A	0.18%
SO	D	0.18%
BA	F	0.18%
UPS	C	0.18%
PH	A	0.17%
GEV	B	0.17%
NKE	D	0.17%
ELV	F	0.17%
EQIX	A	0.16%
APO	B	0.16%
MDLZ	F	0.16%
DUK	C	0.16%
ICE	C	0.16%
SHW	A	0.16%
MCK	B	0.15%
CDNS	B	0.15%
REGN	F	0.15%
SNPS	B	0.15%
ZTS	D	0.15%
WELL	A	0.15%
PNC	B	0.15%
APH	A	0.15%
MCO	B	0.14%
MRVL	B	0.14%
APP	B	0.14%
CRWD	B	0.14%
USB	A	0.14%
GD	F	0.14%
TDG	D	0.13%
WMB	A	0.13%
COF	B	0.13%
APD	A	0.13%
ORLY	B	0.13%
CEG	D	0.13%
TGT	F	0.13%
EMR	A	0.13%
CARR	D	0.12%
AJG	B	0.12%
GM	B	0.12%
MAR	B	0.12%
OKE	A	0.12%
ADSK	A	0.12%
HCA	F	0.12%
FDX	B	0.12%
CRH	A	0.12%
ABNB	C	0.11%
DLR	B	0.11%
SRE	A	0.11%
ROP	B	0.11%
COIN	C	0.11%
HLT	A	0.11%
FCX	D	0.11%
SLB	C	0.11%
TFC	A	0.11%
AFL	B	0.11%
ALL	A	0.1%
TTD	B	0.1%
KMI	A	0.1%
AZO	C	0.1%
MSTR	C	0.1%
FICO	B	0.1%
WDAY	B	0.1%
RCL	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
URI	B	0.1%
AMP	A	0.1%
JCI	C	0.1%
ROST	C	0.09%
FAST	B	0.09%
PWR	A	0.09%
NEM	D	0.09%
DHI	D	0.09%
D	C	0.09%
LNG	B	0.09%
MET	A	0.09%
AIG	B	0.09%
CPRT	A	0.09%
O	D	0.09%
FIS	C	0.09%
CMI	A	0.09%
AEP	D	0.09%
GWW	B	0.09%
HES	B	0.08%
IR	B	0.08%
DAL	C	0.08%
ODFL	B	0.08%
TRGP	B	0.08%
BKR	B	0.08%
AXON	A	0.08%
EA	A	0.08%
VRT	B	0.08%
DFS	B	0.08%
PEG	A	0.08%
PCG	A	0.08%
VLO	C	0.08%
KMB	D	0.08%
CCI	D	0.08%
KVUE	A	0.08%
PRU	A	0.08%
PAYX	C	0.08%
GIS	D	0.07%
KDP	D	0.07%
GLW	B	0.07%
MLM	B	0.07%
MTB	A	0.07%
HPQ	B	0.07%
DELL	C	0.07%
GEHC	F	0.07%
CHTR	C	0.07%
ACGL	D	0.07%
VMC	B	0.07%
A	D	0.07%
SYY	B	0.07%
MNST	C	0.07%
YUM	B	0.07%
DDOG	A	0.07%
STZ	D	0.07%
TEAM	A	0.07%
CTSH	B	0.07%
CTVA	C	0.07%
LULU	C	0.07%
XEL	A	0.07%
EXC	C	0.07%
IT	C	0.07%
SNOW	C	0.07%
COR	B	0.07%
OTIS	C	0.07%
CBRE	B	0.07%
VRSK	A	0.07%
LEN	D	0.07%
FERG	B	0.07%
EW	C	0.07%
GPN	B	0.06%
CNC	D	0.06%
RJF	A	0.06%
DXCM	D	0.06%
EFX	F	0.06%
ARES	A	0.06%
TTWO	A	0.06%
DOW	F	0.06%
WEC	A	0.06%
EBAY	D	0.06%
ETR	B	0.06%
EIX	B	0.06%
WTW	B	0.06%
FITB	A	0.06%
NDAQ	A	0.06%
AVB	B	0.06%
ROK	B	0.06%
HUBS	A	0.06%
HUM	C	0.06%
VICI	C	0.06%
MCHP	D	0.06%
FANG	D	0.06%
IRM	D	0.06%
WAB	B	0.06%
DD	D	0.06%
RMD	C	0.06%
EXR	D	0.06%
HIG	B	0.06%
IQV	D	0.06%
CCL	B	0.05%
CPAY	A	0.05%
PPL	B	0.05%
HSY	F	0.05%
DTE	C	0.05%
MTD	D	0.05%
EQT	B	0.05%
TYL	B	0.05%
VLTO	D	0.05%
ADM	D	0.05%
VTR	C	0.05%
SYF	B	0.05%
TPL	A	0.05%
HBAN	A	0.05%
RBLX	C	0.05%
GDDY	A	0.05%
NVR	D	0.05%
AWK	D	0.05%
HAL	C	0.05%
KEYS	A	0.05%
FTV	C	0.05%
BRO	B	0.05%
FCNCA	A	0.05%
BR	A	0.05%
PHM	D	0.05%
CHD	B	0.05%
DECK	A	0.05%
SW	A	0.05%
MPWR	F	0.05%
NET	B	0.05%
HPE	B	0.05%
DOV	A	0.05%
KHC	F	0.05%
ON	D	0.05%
EQR	B	0.05%
CPNG	D	0.05%
CSGP	D	0.05%
STT	A	0.05%
ANSS	B	0.05%
XYL	D	0.05%
TSCO	D	0.05%
ALNY	D	0.05%
UAL	A	0.05%
BAH	F	0.04%
ESS	B	0.04%
COO	D	0.04%
CNP	B	0.04%
LUV	C	0.04%
LH	C	0.04%
LII	A	0.04%
MDB	C	0.04%
PFG	D	0.04%
BBY	D	0.04%
DRI	B	0.04%
IP	B	0.04%
FSLR	F	0.04%
CMS	C	0.04%
LYV	A	0.04%
INVH	D	0.04%
CSL	C	0.04%
WDC	D	0.04%
STLD	B	0.04%
PKG	A	0.04%
BLDR	D	0.04%
WAT	B	0.04%
K	A	0.04%
CBOE	B	0.04%
CFG	B	0.04%
NTRS	A	0.04%
HOOD	B	0.04%
LYB	F	0.04%
EXE	B	0.04%
ILMN	D	0.04%
ES	D	0.04%
TDY	B	0.04%
STE	F	0.04%
MKL	A	0.04%
ATO	A	0.04%
IFF	D	0.04%
WBD	C	0.04%
WY	D	0.04%
PTC	A	0.04%
WST	C	0.04%
EXPE	B	0.04%
ZBH	C	0.04%
EME	C	0.04%
HUBB	B	0.04%
CDW	F	0.04%
FE	C	0.04%
SBAC	D	0.04%
RF	A	0.04%
AEE	A	0.04%
NTAP	C	0.04%
REG	B	0.03%
ROL	B	0.03%
FFIV	B	0.03%
SOFI	A	0.03%
SAIA	B	0.03%
AVTR	F	0.03%
JBL	B	0.03%
EVRG	A	0.03%
APTV	D	0.03%
EWBC	A	0.03%
NDSN	B	0.03%
ACM	A	0.03%
UDR	B	0.03%
ENTG	D	0.03%
THC	D	0.03%
AMCR	D	0.03%
EL	F	0.03%
DOC	D	0.03%
PSTG	D	0.03%
CASY	A	0.03%
USFD	A	0.03%
DPZ	C	0.03%
L	A	0.03%
JBHT	C	0.03%
TW	A	0.03%
GGG	B	0.03%
RGA	A	0.03%
VRSN	F	0.03%
SUI	D	0.03%
VTRS	A	0.03%
DT	C	0.03%
EQH	B	0.03%
LNT	A	0.03%
FIX	A	0.03%
FNF	B	0.03%
AVY	D	0.03%
GWRE	A	0.03%
CF	B	0.03%
MRO	B	0.03%
EG	C	0.03%
TER	D	0.03%
BAX	D	0.03%
NI	A	0.03%
KIM	A	0.03%
NTRA	B	0.03%
WSM	B	0.03%
MANH	D	0.03%
OC	A	0.03%
DG	F	0.03%
ALGN	D	0.03%
FWONK	B	0.03%
XPO	B	0.03%
HEI	B	0.03%
EXPD	D	0.03%
NTNX	A	0.03%
BURL	A	0.03%
PINS	D	0.03%
MOH	F	0.03%
LVS	C	0.03%
GPC	D	0.03%
MAS	D	0.03%
TRMB	B	0.03%
IEX	B	0.03%
RPM	A	0.03%
ULTA	F	0.03%
J	F	0.03%
PNR	A	0.03%
DGX	A	0.03%
KEY	B	0.03%
WRB	A	0.03%
TSN	B	0.03%
RS	B	0.03%
HOLX	D	0.03%
WSO	A	0.03%
DKNG	B	0.03%
PODD	C	0.03%
FDS	B	0.03%
TOST	B	0.03%
ARE	D	0.03%
ZS	C	0.03%
SNA	A	0.03%
TRU	D	0.03%
MAA	B	0.03%
BALL	D	0.03%
OMC	C	0.03%
MKC	D	0.03%
CTRA	B	0.03%
IBKR	A	0.03%
CFR	B	0.02%
G	B	0.02%
APA	D	0.02%
CNM	D	0.02%
EGP	F	0.02%
RL	B	0.02%
RIVN	F	0.02%
PLNT	A	0.02%
HRB	D	0.02%
VOYA	B	0.02%
MTZ	B	0.02%
WTFC	A	0.02%
CHE	D	0.02%
GPK	C	0.02%
CR	A	0.02%
TTC	D	0.02%
CPB	D	0.02%
MOS	F	0.02%
FYBR	D	0.02%
GLOB	B	0.02%
HRL	D	0.02%
NYT	C	0.02%
CBSH	A	0.02%
ITCI	C	0.02%
PEN	B	0.02%
KNX	B	0.02%
BILL	A	0.02%
HAS	D	0.02%
PCTY	B	0.02%
SNX	C	0.02%
AOS	F	0.02%
ZION	B	0.02%
OGE	B	0.02%
ROKU	D	0.02%
AR	B	0.02%
RBC	A	0.02%
BRX	A	0.02%
REXR	F	0.02%
HSIC	B	0.02%
WCC	B	0.02%
EXAS	D	0.02%
GMED	A	0.02%
MORN	B	0.02%
FBIN	D	0.02%
AAON	B	0.02%
AXTA	A	0.02%
RGLD	C	0.02%
TFX	F	0.02%
SMCI	F	0.02%
DCI	B	0.02%
CMA	A	0.02%
TPX	B	0.02%
WMS	D	0.02%
FRT	B	0.02%
SOLV	C	0.02%
ORI	A	0.02%
WYNN	D	0.02%
BRBR	A	0.02%
TKO	B	0.02%
INGR	B	0.02%
WING	D	0.02%
CNH	C	0.02%
AAL	B	0.02%
SRPT	D	0.02%
HLI	B	0.02%
PNFP	B	0.02%
CRL	C	0.02%
WAL	B	0.02%
CHDN	B	0.02%
EHC	B	0.02%
PR	B	0.02%
DOX	D	0.02%
LBRDK	C	0.02%
MKTX	D	0.02%
WTRG	B	0.02%
ALLY	C	0.02%
ARMK	B	0.02%
OHI	C	0.02%
AES	F	0.02%
MUSA	A	0.02%
AFG	A	0.02%
EXP	A	0.02%
CIEN	B	0.02%
NLY	C	0.02%
LKQ	D	0.02%
GME	C	0.02%
DTM	B	0.02%
RPRX	D	0.02%
AYI	B	0.02%
KNSL	B	0.02%
ALSN	B	0.02%
IPG	D	0.02%
PRI	A	0.02%
WWD	B	0.02%
LAD	A	0.02%
WBS	A	0.02%
PNW	B	0.02%
FOXA	B	0.02%
CCK	C	0.02%
TECH	D	0.02%
CAVA	B	0.02%
CUBE	D	0.02%
GNRC	B	0.02%
EVR	B	0.02%
CTLT	B	0.02%
FND	C	0.02%
TTEK	F	0.02%
NWSA	B	0.02%
AA	B	0.02%
SJM	D	0.02%
TAP	C	0.02%
ATR	B	0.02%
CG	A	0.02%
BLD	D	0.02%
LW	C	0.02%
LAMR	D	0.02%
DAY	B	0.02%
RRX	B	0.02%
DKS	C	0.02%
DUOL	A	0.02%
AIZ	A	0.02%
FHN	A	0.02%
OWL	A	0.02%
NCLH	B	0.02%
PAYC	B	0.02%
SF	B	0.02%
LECO	B	0.02%
BJ	A	0.02%
Z	A	0.02%
UHS	D	0.02%
OVV	B	0.02%
BWXT	B	0.02%
OKTA	C	0.02%
JNPR	F	0.02%
BMRN	D	0.02%
MRNA	F	0.02%
HEI	B	0.02%
NVT	B	0.02%
EMN	D	0.02%
ALB	C	0.02%
HST	C	0.02%
SCI	B	0.02%
WPC	D	0.02%
BXP	D	0.02%
FTI	A	0.02%
KMX	B	0.02%
COHR	B	0.02%
CPT	B	0.02%
JLL	D	0.02%
ITT	A	0.02%
GLPI	C	0.02%
AMH	D	0.02%
CHRW	C	0.02%
BG	F	0.02%
JKHY	D	0.02%
CAG	D	0.02%
CLH	B	0.02%
PFGC	B	0.02%
DLTR	F	0.02%
JEF	A	0.02%
EPAM	C	0.02%
ELS	C	0.02%
TPR	B	0.02%
AKAM	D	0.02%
TXRH	C	0.02%
AFRM	B	0.02%
SWK	D	0.02%
POOL	C	0.02%
SWKS	F	0.02%
RNR	C	0.02%
RVTY	F	0.02%
CW	B	0.02%
APLS	D	0.01%
CACC	D	0.01%
FIVN	C	0.01%
CC	C	0.01%
COTY	F	0.01%
AMKR	D	0.01%
PAG	B	0.01%
AMED	F	0.01%
ECG	C	0.01%
COLM	B	0.01%
MAN	D	0.01%
VIRT	B	0.01%
NSA	D	0.01%
SAM	C	0.01%
LLYVK	A	0.01%
PK	B	0.01%
SNRE	D	0.01%
RNG	B	0.01%
WU	D	0.01%
AMTM	D	0.01%
ZI	D	0.01%
WEN	D	0.01%
EPR	D	0.01%
PENN	C	0.01%
YETI	C	0.01%
SMG	D	0.01%
VAC	B	0.01%
HUN	F	0.01%
BHF	B	0.01%
ZG	A	0.01%
NCNO	B	0.01%
PII	D	0.01%
NVST	B	0.01%
IAC	D	0.01%
ACHC	F	0.01%
HIW	D	0.01%
FHB	A	0.01%
IRDM	D	0.01%
SPR	D	0.01%
XRAY	F	0.01%
W	F	0.01%
PRGO	B	0.01%
NWS	B	0.01%
DNB	B	0.01%
NWL	B	0.01%
DXC	B	0.01%
NEU	C	0.01%
MDU	D	0.01%
ASH	D	0.01%
RARE	D	0.01%
MSM	C	0.01%
LINE	F	0.01%
OGN	D	0.01%
FLO	D	0.01%
DLB	B	0.01%
WLK	D	0.01%
HOG	D	0.01%
MSGS	A	0.01%
GFS	C	0.01%
GTES	A	0.01%
M	D	0.01%
CHH	A	0.01%
AN	C	0.01%
SLGN	A	0.01%
RYN	D	0.01%
PSN	D	0.01%
KRC	C	0.01%
KMPR	B	0.01%
EEFT	B	0.01%
CELH	F	0.01%
RH	B	0.01%
AGO	B	0.01%
TKR	D	0.01%
LOPE	B	0.01%
CUZ	B	0.01%
FIVE	F	0.01%
OLN	D	0.01%
HCP	B	0.01%
ROIV	C	0.01%
ST	F	0.01%
WTM	A	0.01%
BYD	C	0.01%
AVT	C	0.01%
HXL	D	0.01%
AL	B	0.01%
APPF	B	0.01%
SON	D	0.01%
UGI	A	0.01%
U	C	0.01%
CIVI	D	0.01%
BROS	B	0.01%
OZK	B	0.01%
INSP	D	0.01%
AM	A	0.01%
CLF	F	0.01%
VNOM	A	0.01%
VKTX	F	0.01%
NXST	C	0.01%
CCCS	B	0.01%
SEE	C	0.01%
IONS	F	0.01%
LEA	D	0.01%
POST	C	0.01%
TPG	A	0.01%
NFG	A	0.01%
SLM	A	0.01%
RITM	C	0.01%
PATH	C	0.01%
VVV	F	0.01%
LITE	B	0.01%
BC	C	0.01%
BRKR	D	0.01%
THO	B	0.01%
FOX	A	0.01%
JHG	A	0.01%
ETSY	D	0.01%
OLLI	D	0.01%
LFUS	F	0.01%
IDA	A	0.01%
PVH	C	0.01%
THG	A	0.01%
STWD	C	0.01%
VNT	B	0.01%
WFRD	D	0.01%
CROX	D	0.01%
BFAM	D	0.01%
AMG	B	0.01%
AGCO	D	0.01%
WHR	B	0.01%
LAZ	B	0.01%
FNB	A	0.01%
DOCS	C	0.01%
WBA	F	0.01%
UHAL	D	0.01%
ARW	D	0.01%
BIO	D	0.01%
BEN	C	0.01%
LNC	B	0.01%
COLD	D	0.01%
FOUR	B	0.01%
PARA	C	0.01%
MAT	D	0.01%
ESI	A	0.01%
SAIC	F	0.01%
KD	B	0.01%
COLB	A	0.01%
NOV	C	0.01%
MTG	C	0.01%
ELF	C	0.01%
SITE	D	0.01%
WSC	D	0.01%
OMF	A	0.01%
SIRI	C	0.01%
IVZ	B	0.01%
LSTR	D	0.01%
MSA	D	0.01%
BSY	D	0.01%
CFLT	B	0.01%
AZPN	A	0.01%
AWI	A	0.01%
HR	C	0.01%
AZEK	A	0.01%
VMI	B	0.01%
FAF	A	0.01%
SN	D	0.01%
AXS	A	0.01%
BPOP	B	0.01%
STAG	F	0.01%
LSCC	D	0.01%
FMC	D	0.01%
MTN	C	0.01%
H	B	0.01%
MTDR	B	0.01%
DINO	D	0.01%
DAR	C	0.01%
GXO	B	0.01%
ELAN	D	0.01%
CGNX	C	0.01%
MTSI	B	0.01%
FCN	D	0.01%
ALK	C	0.01%
R	B	0.01%
FR	C	0.01%
ATI	D	0.01%
MASI	A	0.01%
MKSI	C	0.01%
FRPT	B	0.01%
ESTC	C	0.01%
RGEN	D	0.01%
GNTX	C	0.01%
OSK	B	0.01%
ESAB	B	0.01%
GTLB	B	0.01%
AGNC	D	0.01%
VFC	C	0.01%
LPX	B	0.01%
S	B	0.01%
MIDD	C	0.01%
VNO	B	0.01%
CART	C	0.01%
PCOR	B	0.01%
RYAN	B	0.01%
WH	B	0.01%
MHK	D	0.01%
RLI	B	0.01%
COKE	C	0.01%
TREX	C	0.01%
KEX	C	0.01%
PB	A	0.01%
SMAR	A	0.01%
HII	D	0.01%
JAZZ	B	0.01%
ADC	B	0.01%
WEX	D	0.01%
RHI	B	0.01%
OLED	D	0.01%
SSD	D	0.01%
ONTO	D	0.01%
BERY	B	0.01%
NNN	D	0.01%
ACI	C	0.01%
RRC	B	0.01%
ENPH	F	0.01%
FLS	B	0.01%
CHRD	D	0.01%
SKX	D	0.01%
MTCH	D	0.01%
SNV	B	0.01%
CZR	F	0.01%
X	C	0.01%
KBR	F	0.01%
CE	F	0.01%
BWA	D	0.01%
APG	B	0.01%
DVA	B	0.01%
SEG	B	0.0%
PARAA	B	0.0%
GRAL	C	0.0%
UWMC	D	0.0%
SEB	F	0.0%
NFE	D	0.0%
UHAL	D	0.0%
WOLF	F	0.0%
LOAR	A	0.0%
TFSL	A	0.0%
CWEN	C	0.0%
AS	B	0.0%
CERT	F	0.0%
PYCR	C	0.0%
CNA	B	0.0%
LLYVA	A	0.0%
DDS	B	0.0%
UI	A	0.0%
SNDR	B	0.0%
TXG	F	0.0%
TRIP	F	0.0%
LBRDA	C	0.0%
REYN	D	0.0%
INFA	D	0.0%
DJT	C	0.0%
LEG	F	0.0%
GO	C	0.0%
QS	F	0.0%
CNXC	F	0.0%
UA	C	0.0%
CLVT	F	0.0%
FTRE	D	0.0%
CAR	C	0.0%
BIRK	D	0.0%
LEN	D	0.0%
FWONA	B	0.0%
RKT	F	0.0%
ALAB	B	0.0%
QDEL	F	0.0%
VSTS	C	0.0%
UAA	C	0.0%
CRI	D	0.0%
KSS	F	0.0%
LCID	F	0.0%
PPC	C	0.0%
LBTYA	B	0.0%
LBTYK	A	0.0%
SHC	F	0.0%
RCM	F	0.0%
IPGP	D	0.0%
ADT	C	0.0%
AAP	C	0.0%
AZTA	D	0.0%
CWEN	C	0.0%
HAYW	B	0.0%
PINC	B	0.0%
ALGM	D	0.0%
SPB	C	0.0%
MP	B	0.0%
CPRI	F	0.0%
JWN	C	0.0%
AGR	B	0.0%
MPW	F	0.0%
ENOV	C	0.0%
BOKF	B	0.0%
DV	C	0.0%
HHH	B	0.0%
CXT	B	0.0%

IWB Underweight 5 Positions Relative to FBUF

Symbol	Grade	Weight
IGT	F	-0.46%
ANF	C	-0.35%
ALRM	C	-0.34%
SKYW	B	-0.31%
TPH	D	-0.18%