IWC vs. JSMD ETF Comparison

Comparison of iShares Microcap ETF (IWC) to Janus Small/Mid Cap Growth Alpha ETF (JSMD)

IWC

iShares Microcap ETF

IWC Description

The investment seeks to track the investment results of an index composed of micro-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 Microcap Index (the "underlying index"), which measures the performance of the microcap sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$124.45

Average Daily Volume

27,270

Number of Holdings ^*

1398

* may have additional holdings in another (foreign) market

JSMD

Janus Small/Mid Cap Growth Alpha ETF

JSMD Description

Janus Small/Mid Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$72.51

Average Daily Volume

10,912

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	IWC	JSMD
30 Days	2.63%	0.65%
60 Days	0.67%	1.98%
90 Days	5.42%	6.46%
12 Months	31.89%	29.57%

69 Overlapping Holdings

Symbol	Grade	Weight in IWC	Weight in JSMD	Overlap
AEHR	D	0.11%	0.07%	0.07%
ALTG	D	0.04%	0.02%	0.02%
AMAL	B	0.15%	0.06%	0.06%
AMPS	C	0.06%	0.02%	0.02%
ATLC	A	0.05%	0.03%	0.03%
BCAL	B	0.09%	0.03%	0.03%
BFC	B	0.23%	0.05%	0.05%
BFST	A	0.15%	0.04%	0.04%
BWFG	C	0.05%	0.01%	0.01%
BWMN	F	0.07%	0.03%	0.03%
BY	B	0.21%	0.07%	0.07%
CBNK	B	0.06%	0.02%	0.02%
CCB	A	0.17%	0.05%	0.05%
CCBG	A	0.12%	0.03%	0.03%
CCRN	F	0.1%	0.08%	0.08%
CFB	D	0.18%	0.04%	0.04%
CIVB	A	0.07%	0.02%	0.02%
CLFD	D	0.11%	0.08%	0.08%
CMPO	B	0.09%	0.07%	0.07%
CRAI	B	0.32%	0.11%	0.11%
DCGO	B	0.09%	0.07%	0.07%
ESQ	A	0.12%	0.03%	0.03%
ESSA	B	0.04%	0.01%	0.01%
FRAF	A	0.03%	0.01%	0.01%
FRD	D	0.02%	0.01%	0.01%
FSBC	B	0.13%	0.04%	0.04%
GCBC	F	0.05%	0.03%	0.03%
GRNT	F	0.08%	0.06%	0.06%
HCI	B	0.25%	0.07%	0.07%
HDSN	F	0.09%	0.03%	0.03%
HGBL	C	0.01%	0.0%	0.0%
HTBI	D	0.13%	0.03%	0.03%
HZO	F	0.16%	0.02%	0.02%
IMXI	F	0.14%	0.03%	0.03%
KFS	B	0.03%	0.01%	0.01%
KRT	C	0.05%	0.05%	0.05%
LOVE	B	0.1%	0.01%	0.01%
MCB	B	0.14%	0.03%	0.03%
MNSB	D	0.03%	0.01%	0.01%
NBN	A	0.14%	0.04%	0.04%
NECB	B	0.09%	0.02%	0.02%
NX	C	0.34%	0.09%	0.09%
OBT	D	0.07%	0.02%	0.02%
ODC	C	0.09%	0.02%	0.02%
ORRF	A	0.18%	0.04%	0.04%
OSBC	B	0.18%	0.04%	0.04%
OVLY	A	0.05%	0.01%	0.01%
PCYO	B	0.06%	0.01%	0.01%
PFBC	B	0.24%	0.06%	0.06%
PLBC	B	0.06%	0.01%	0.01%
PLPC	A	0.08%	0.06%	0.06%
PLYM	F	0.21%	0.03%	0.03%
PSTL	C	0.08%	0.01%	0.01%
QCRH	B	0.32%	0.07%	0.07%
RDVT	A	0.08%	0.06%	0.06%
REFI	D	0.07%	0.02%	0.02%
SACH	F	0.03%	0.01%	0.01%
SCLX	D	0.01%	0.04%	0.01%
SMBC	B	0.14%	0.04%	0.04%
SMLR	C	0.03%	0.04%	0.03%
SSBK	A	0.07%	0.02%	0.02%
TCBX	A	0.09%	0.02%	0.02%
TCMD	A	0.08%	0.07%	0.07%
TITN	D	0.08%	0.03%	0.03%
UNTY	B	0.07%	0.02%	0.02%
USCB	A	0.04%	0.02%	0.02%
VEL	D	0.04%	0.04%	0.04%
VITL	C	0.29%	0.08%	0.08%
VTSI	D	0.02%	0.01%	0.01%

IWC Overweight 1329 Positions Relative to JSMD

Symbol	Grade	Weight
CORZ	B	0.62%
SRRK	B	0.5%
LBPH	A	0.49%
OSW	A	0.44%
OCUL	B	0.43%
MNKD	A	0.43%
NRIX	B	0.41%
HROW	C	0.41%
VSEC	A	0.41%
SOUN	B	0.39%
MIRM	B	0.39%
AGX	A	0.38%
WULF	B	0.37%
VRDN	B	0.37%
TARS	A	0.36%
REVG	D	0.35%
NIC	B	0.35%
COMM	A	0.34%
STEL	B	0.33%
BLBD	F	0.33%
PRDO	B	0.32%
PRAX	B	0.31%
NTST	F	0.31%
HUT	B	0.31%
UMH	D	0.31%
LEU	A	0.3%
ASPN	F	0.29%
GABC	A	0.29%
TPC	B	0.29%
WVE	B	0.29%
COCO	A	0.29%
CDNA	D	0.29%
COGT	B	0.28%
WINA	A	0.28%
SCSC	F	0.28%
TRNS	F	0.28%
COLL	F	0.28%
AORT	A	0.27%
TILE	A	0.27%
DGII	B	0.27%
FBRT	B	0.27%
PEBO	B	0.27%
DCOM	B	0.27%
KNSA	D	0.26%
FBMS	B	0.26%
ATEN	A	0.26%
ELVN	B	0.26%
ARLO	F	0.26%
EFC	D	0.26%
WTTR	D	0.25%
CAL	F	0.25%
CIFR	B	0.25%
BV	A	0.24%
BZH	D	0.24%
BBSI	D	0.24%
UTL	D	0.24%
DX	C	0.24%
PNTG	D	0.24%
QNST	A	0.24%
CDRE	D	0.24%
APLD	C	0.24%
ARR	D	0.24%
CNOB	D	0.23%
FMBH	D	0.23%
ICHR	F	0.23%
THR	F	0.23%
IRON	D	0.23%
FIP	D	0.23%
OBK	D	0.23%
CMCO	F	0.23%
APLT	A	0.22%
HOV	D	0.22%
BXC	A	0.22%
BHRB	C	0.22%
EOLS	A	0.22%
AVBP	A	0.22%
IE	B	0.22%
GDYN	B	0.22%
CGEM	F	0.21%
UVSP	B	0.21%
CSTL	A	0.21%
VVI	B	0.21%
LMB	B	0.21%
PETQ	A	0.21%
AOSL	D	0.21%
DCO	D	0.21%
VTOL	D	0.21%
PFC	A	0.21%
GLDD	B	0.2%
CECO	F	0.2%
BLFS	B	0.2%
HSII	A	0.2%
NVRI	F	0.2%
AMSC	A	0.2%
TPB	A	0.2%
BLND	C	0.2%
GCI	C	0.2%
CTBI	B	0.2%
BELFB	C	0.2%
EU	D	0.19%
WNC	F	0.19%
WGS	A	0.19%
HY	D	0.19%
NN	A	0.19%
CPF	C	0.19%
ASIX	C	0.19%
DHC	D	0.19%
SPRY	B	0.19%
HAYN	A	0.19%
REX	F	0.18%
WSR	B	0.18%
CRGX	B	0.18%
SXC	A	0.18%
ANNX	B	0.18%
KOP	F	0.18%
NBBK	A	0.18%
FCBC	D	0.18%
IDT	B	0.18%
MLR	A	0.18%
ACHR	C	0.18%
SPTN	D	0.18%
YEXT	A	0.18%
REPL	B	0.18%
ZYME	B	0.18%
GOOD	C	0.17%
UTI	A	0.17%
IBCP	D	0.17%
GNK	D	0.17%
DNTH	A	0.17%
ETD	F	0.17%
BJRI	B	0.17%
MDXG	C	0.17%
HAFC	A	0.17%
DJCO	A	0.17%
CRMD	B	0.17%
HSTM	A	0.17%
NAT	F	0.17%
HBNC	A	0.17%
AMRK	D	0.17%
MBWM	D	0.17%
KELYA	D	0.16%
IMNM	F	0.16%
CBL	B	0.16%
BASE	C	0.16%
TRML	B	0.16%
ANAB	F	0.16%
CDMO	C	0.16%
HCKT	D	0.16%
LQDA	C	0.16%
SCVL	F	0.16%
AAOI	B	0.16%
ETNB	D	0.16%
MAX	D	0.15%
PLOW	F	0.15%
TYRA	F	0.15%
HTBK	D	0.15%
SWBI	D	0.15%
ABUS	D	0.15%
WASH	B	0.15%
CAC	A	0.15%
EGY	F	0.15%
TRST	D	0.15%
MTUS	F	0.15%
EQBK	B	0.15%
DXPE	C	0.15%
GDEN	F	0.15%
AMTB	D	0.15%
TREE	F	0.14%
EVLV	F	0.14%
YMAB	A	0.14%
PGY	D	0.14%
CAPR	B	0.14%
OSPN	B	0.14%
CEVA	D	0.14%
PHAT	B	0.14%
RVNC	C	0.14%
THRY	F	0.14%
WLDN	B	0.14%
NR	F	0.14%
KRUS	A	0.14%
INDI	F	0.14%
MCBS	C	0.14%
ORC	D	0.14%
AXGN	B	0.14%
RBCAA	B	0.14%
NTGR	A	0.14%
CASS	B	0.14%
GMRE	D	0.14%
CCO	F	0.14%
NGNE	B	0.13%
PKST	F	0.13%
TIPT	A	0.13%
BVS	A	0.13%
NCMI	A	0.13%
AMBC	D	0.13%
GSBC	C	0.13%
FMNB	D	0.13%
LAB	C	0.13%
HUMA	D	0.13%
WEAV	B	0.13%
SIBN	D	0.13%
SMBK	A	0.13%
WLFC	B	0.13%
YORW	F	0.13%
IIIV	A	0.13%
ATRO	F	0.13%
ORIC	D	0.13%
INOD	A	0.13%
ADPT	A	0.13%
SRDX	D	0.13%
ATXS	D	0.13%
AURA	B	0.13%
CCNE	B	0.13%
EBF	F	0.13%
ALRS	D	0.13%
CTLP	B	0.13%
PGC	A	0.13%
OFIX	A	0.13%
UHT	D	0.13%
IIIN	F	0.13%
MYE	F	0.12%
ERAS	C	0.12%
URGN	F	0.12%
NFBK	C	0.12%
LQDT	D	0.12%
KALV	D	0.12%
OLMA	F	0.12%
DMRC	A	0.12%
MSBI	A	0.12%
FUBO	D	0.12%
MPB	B	0.12%
AROW	A	0.12%
LASR	A	0.12%
BBW	A	0.12%
FFWM	D	0.12%
EBS	B	0.12%
PAHC	B	0.12%
EYPT	C	0.12%
RYAM	B	0.12%
ALT	D	0.12%
UVE	C	0.12%
SEZL	A	0.12%
DAKT	C	0.12%
ADTN	B	0.12%
AIOT	C	0.12%
THFF	B	0.12%
SLP	F	0.12%
FPI	A	0.12%
BHB	B	0.12%
TRDA	A	0.11%
CARE	B	0.11%
XPER	C	0.11%
KIDS	D	0.11%
NUVB	F	0.11%
IVR	F	0.11%
LWLG	C	0.11%
UFCS	F	0.11%
NWPX	A	0.11%
CELC	D	0.11%
MOFG	C	0.11%
STOK	C	0.11%
RDUS	F	0.11%
CLMB	B	0.11%
NRDS	B	0.11%
CTO	B	0.11%
PFIS	A	0.11%
ARCT	F	0.11%
SLRN	C	0.11%
BAND	A	0.11%
KE	C	0.11%
LMNR	C	0.11%
QTRX	C	0.11%
MNMD	C	0.11%
HONE	D	0.11%
OLP	C	0.11%
NLOP	D	0.11%
TK	C	0.11%
SHBI	B	0.11%
LAND	F	0.11%
CLW	F	0.11%
AGS	A	0.11%
CSV	A	0.11%
EVER	F	0.11%
LYTS	A	0.11%
CVGW	B	0.11%
FC	D	0.11%
HCAT	C	0.11%
XERS	A	0.11%
ACCO	B	0.11%
TTI	C	0.1%
RBB	D	0.1%
FISI	D	0.1%
ZIMV	D	0.1%
USAP	A	0.1%
ML	D	0.1%
SVRA	D	0.1%
NPK	F	0.1%
MLYS	B	0.1%
TERN	D	0.1%
ESPR	C	0.1%
KRNY	B	0.1%
SHYF	B	0.1%
BRY	F	0.1%
MCS	A	0.1%
FRPH	D	0.1%
MXCT	D	0.1%
WRLD	D	0.1%
AVXL	A	0.1%
SPFI	C	0.1%
MITK	D	0.1%
VERV	C	0.1%
IRMD	C	0.1%
AQST	A	0.1%
KIND	B	0.1%
HIFS	B	0.1%
CLDT	F	0.1%
ARIS	C	0.1%
DHIL	D	0.1%
FDMT	F	0.1%
KRRO	B	0.1%
CVLG	D	0.1%
FFIC	B	0.1%
ROOT	B	0.09%
WTBA	A	0.09%
ATEX	D	0.09%
LRMR	C	0.09%
TSHA	F	0.09%
RBBN	A	0.09%
LIND	D	0.09%
FMAO	A	0.09%
HVT	F	0.09%
HYLN	B	0.09%
CCCC	F	0.09%
ZUMZ	F	0.09%
OABI	D	0.09%
ACRE	F	0.09%
BMRC	A	0.09%
FBIZ	C	0.09%
ACNB	C	0.09%
UIS	A	0.09%
CNSL	A	0.09%
NRIM	D	0.09%
TWI	F	0.09%
SD	F	0.09%
CCSI	B	0.09%
ZEUS	F	0.09%
HIPO	A	0.09%
NVEC	F	0.09%
CWCO	F	0.09%
GLRE	C	0.09%
RICK	F	0.09%
FNKO	C	0.09%
ALEC	D	0.09%
BOC	B	0.09%
BSRR	D	0.09%
FSBW	C	0.08%
SNBR	F	0.08%
BWB	C	0.08%
OOMA	A	0.08%
GCO	F	0.08%
MTRX	B	0.08%
TNGX	F	0.08%
REPX	F	0.08%
GHM	D	0.08%
FRBA	D	0.08%
ACIC	A	0.08%
VYGR	C	0.08%
SIGA	D	0.08%
ITI	A	0.08%
AMLX	B	0.08%
NEWT	B	0.08%
DAVE	C	0.08%
LENZ	A	0.08%
NVTS	C	0.08%
VMD	B	0.08%
CWBC	D	0.08%
TBPH	C	0.08%
EBTC	B	0.08%
DENN	D	0.08%
BMEA	D	0.08%
ANIK	F	0.08%
CRVS	A	0.08%
LOCO	D	0.08%
SMRT	C	0.08%
TRUE	A	0.08%
HBCP	B	0.08%
LGTY	B	0.08%
AKBA	A	0.08%
ABSI	D	0.08%
PLSE	D	0.08%
CLPT	A	0.08%
MTW	F	0.08%
ZVRA	A	0.08%
ATNI	F	0.08%
SEI	B	0.08%
ITIC	B	0.08%
TALK	A	0.08%
FARO	D	0.08%
LINC	A	0.08%
TRC	F	0.08%
OUST	C	0.08%
LXFR	A	0.08%
DOMO	C	0.07%
ONEW	D	0.07%
RCEL	C	0.07%
THRD	A	0.07%
HBB	C	0.07%
AVIR	F	0.07%
VLGEA	D	0.07%
AVAH	D	0.07%
CZFS	B	0.07%
FLXS	A	0.07%
ASPI	A	0.07%
PKE	C	0.07%
HMST	F	0.07%
SAVE	D	0.07%
ILPT	F	0.07%
AMPY	F	0.07%
SWIM	C	0.07%
IPI	A	0.07%
ALDX	D	0.07%
RGP	F	0.07%
ANGO	D	0.07%
GNTY	D	0.07%
HRTG	D	0.07%
PFMT	A	0.07%
FLIC	C	0.07%
JMSB	A	0.07%
METC	F	0.07%
SPOK	A	0.07%
MOV	F	0.07%
SKYT	B	0.07%
HBT	D	0.07%
MCFT	D	0.07%
HEAR	B	0.07%
COFS	A	0.07%
STRO	D	0.07%
INBK	C	0.07%
CZNC	D	0.07%
KODK	F	0.07%
LEGH	C	0.07%
QTTB	B	0.07%
BLZE	C	0.07%
FNLC	D	0.07%
VPG	F	0.07%
REAL	C	0.07%
SFST	A	0.07%
OSUR	F	0.07%
SENEA	A	0.07%
TECX	A	0.07%
CERS	F	0.07%
APPS	B	0.07%
HNST	C	0.07%
ULH	B	0.07%
DCTH	B	0.06%
LNZA	C	0.06%
ONL	D	0.06%
INGN	F	0.06%
REI	F	0.06%
CIO	D	0.06%
MGNX	C	0.06%
CPS	B	0.06%
PDLB	B	0.06%
MVIS	F	0.06%
PKBK	A	0.06%
UTMD	F	0.06%
APEI	B	0.06%
TBI	F	0.06%
TSBK	B	0.06%
CRMT	F	0.06%
MGTX	B	0.06%
PLL	B	0.06%
JSPR	A	0.06%
LUNR	B	0.06%
ATYR	B	0.06%
ASUR	D	0.06%
TRAK	C	0.06%
LE	C	0.06%
MG	F	0.06%
MRSN	D	0.06%
PINE	D	0.06%
OCGN	F	0.06%
RAPP	B	0.06%
MVBF	F	0.06%
LUNG	F	0.06%
ITOS	F	0.06%
CTGO	B	0.06%
LXEO	F	0.06%
ACCD	F	0.06%
GRPN	F	0.06%
ADCT	F	0.06%
XOMA	A	0.06%
NATH	A	0.06%
OMER	B	0.06%
RLGT	B	0.06%
FRST	F	0.06%
NKTR	C	0.06%
IGMS	B	0.06%
AVNW	F	0.06%
CIA	B	0.06%
TSVT	D	0.06%
HNRG	B	0.06%
DGICA	A	0.06%
RRBI	A	0.06%
SRI	F	0.06%
WSBF	B	0.06%
PKOH	D	0.06%
RM	D	0.06%
ENTA	D	0.06%
ABEO	B	0.06%
FDBC	A	0.06%
NGVC	B	0.06%
PACK	D	0.06%
RZLT	A	0.06%
MAMA	D	0.06%
RIGL	D	0.06%
BYRN	D	0.06%
IRBT	C	0.06%
CBAN	D	0.06%
SFIX	C	0.06%
INZY	F	0.06%
SLQT	F	0.06%
WOW	C	0.06%
EGHT	C	0.06%
ALNT	F	0.06%
OIS	D	0.06%
MEC	A	0.06%
VNDA	D	0.06%
IMMR	F	0.06%
BCML	A	0.06%
ACTG	D	0.05%
CMPX	B	0.05%
ELMD	A	0.05%
ONTF	D	0.05%
TRVI	D	0.05%
NNBR	D	0.05%
BELFA	B	0.05%
PYXS	C	0.05%
SGHT	F	0.05%
BARK	D	0.05%
ALCO	F	0.05%
SEVN	F	0.05%
BPRN	D	0.05%
NXDT	D	0.05%
TTSH	A	0.05%
PWOD	A	0.05%
FUNC	A	0.05%
SLDP	F	0.05%
AIP	F	0.05%
MED	D	0.05%
TCRX	F	0.05%
CFFI	A	0.05%
VABK	C	0.05%
NKTX	F	0.05%
ISTR	A	0.05%
BRT	F	0.05%
RNGR	A	0.05%
SGC	B	0.05%
ONIT	C	0.05%
FHTX	C	0.05%
SERA	C	0.05%
RCKY	F	0.05%
LCNB	A	0.05%
BOOM	F	0.05%
TLS	C	0.05%
PANL	F	0.05%
INSG	B	0.05%
RDW	B	0.05%
IHRT	A	0.05%
BHR	D	0.05%
PCB	B	0.05%
CTV	A	0.05%
INSE	A	0.05%
JAKK	A	0.05%
IDR	B	0.05%
SPIR	B	0.05%
TG	A	0.05%
GLUE	A	0.05%
MBCN	B	0.05%
FULC	F	0.05%
ZURA	B	0.05%
LSEA	F	0.05%
FLWS	B	0.05%
BLFY	C	0.05%
NWFL	A	0.05%
WEYS	B	0.05%
ORGO	D	0.05%
HRTX	F	0.05%
CDXS	A	0.05%
GNE	F	0.05%
WTI	F	0.05%
SMHI	F	0.05%
LXRX	D	0.05%
PESI	A	0.05%
BLDE	B	0.05%
BLNK	C	0.05%
GENC	B	0.05%
MITT	D	0.05%
FVCB	B	0.05%
RMAX	C	0.05%
NGS	F	0.05%
JRVR	F	0.05%
EVBN	B	0.05%
PBPB	F	0.05%
RAIL	B	0.05%
BOW	C	0.05%
GEOS	A	0.04%
EHTH	C	0.04%
HFFG	C	0.04%
QRHC	F	0.04%
CZWI	A	0.04%
ARTV	D	0.04%
EARN	D	0.04%
GWRS	D	0.04%
LNKB	A	0.04%
XBIT	A	0.04%
DXLG	F	0.04%
STRT	C	0.04%
SMID	C	0.04%
ARQ	C	0.04%
MHLD	F	0.04%
BW	B	0.04%
LAKE	F	0.04%
SGMT	C	0.04%
BRBS	C	0.04%
CRBU	D	0.04%
INO	F	0.04%
LFMD	F	0.04%
BVFL	A	0.04%
CDLX	C	0.04%
CHMG	A	0.04%
VIRC	D	0.04%
RCAT	B	0.04%
GPMT	C	0.04%
JOUT	F	0.04%
ATLO	F	0.04%
SSP	B	0.04%
TCX	F	0.04%
TPIC	F	0.04%
ALMS	C	0.04%
LOGC	B	0.04%
FFNW	C	0.04%
RSVR	B	0.04%
IBEX	D	0.04%
RNAC	C	0.04%
EPM	F	0.04%
AEYE	C	0.04%
ACHV	B	0.04%
FF	B	0.04%
DC	D	0.04%
ETON	A	0.04%
MODV	F	0.04%
WNEB	C	0.04%
SAMG	C	0.04%
FLL	A	0.04%
NATR	D	0.04%
GPRO	C	0.04%
PSNL	C	0.04%
MLP	D	0.04%
BBAI	D	0.04%
STHO	F	0.04%
PSTX	D	0.04%
FINW	A	0.04%
MDV	B	0.04%
ARAY	F	0.04%
ADVM	D	0.04%
EML	C	0.04%
HOFT	D	0.04%
OB	D	0.04%
OPBK	A	0.04%
MBI	C	0.04%
CDXC	A	0.04%
GNSS	B	0.04%
MYFW	C	0.04%
TSE	D	0.04%
RXT	C	0.04%
RGTI	B	0.04%
QUAD	A	0.04%
TBRG	A	0.04%
FCCO	A	0.04%
MFIN	A	0.04%
PVBC	D	0.04%
RELL	B	0.04%
AFCG	F	0.04%
RGCO	D	0.04%
BSVN	B	0.04%
DSGN	C	0.04%
CABA	F	0.04%
LAW	B	0.04%
CRBP	F	0.04%
ASLE	C	0.04%
NKSH	D	0.04%
FET	F	0.04%
ORN	D	0.04%
NRGV	B	0.04%
CRD.B	B	0.04%
LYEL	F	0.04%
FSP	A	0.04%
NVRO	D	0.04%
DSP	B	0.04%
FORR	F	0.04%
BCBP	D	0.04%
ATOS	C	0.04%
FSTR	F	0.04%
INBX	B	0.04%
PPIH	B	0.03%
WMPN	B	0.03%
LPTX	A	0.03%
KINS	A	0.03%
QBTS	C	0.03%
SERV	B	0.03%
CATO	A	0.03%
TNYA	F	0.03%
SBT	F	0.03%
UFI	D	0.03%
OVBC	C	0.03%
CVGI	F	0.03%
CHMI	F	0.03%
TZOO	A	0.03%
EXFY	C	0.03%
PRCH	C	0.03%
ISSC	A	0.03%
CMTL	F	0.03%
EVI	A	0.03%
PDSB	F	0.03%
MPAA	F	0.03%
TUSK	D	0.03%
ACR	C	0.03%
COOK	C	0.03%
STXS	D	0.03%
DMAC	B	0.03%
MYO	D	0.03%
SRBK	B	0.03%
DIBS	F	0.03%
HNVR	A	0.03%
GBIO	F	0.03%
CRDF	B	0.03%
TTEC	D	0.03%
AXTI	D	0.03%
III	F	0.03%
FXNC	A	0.03%
AMTX	C	0.03%
CADL	F	0.03%
RMTI	A	0.03%
SEER	B	0.03%
FCAP	A	0.03%
VERU	D	0.03%
AOMR	F	0.03%
TAYD	C	0.03%
PEBK	D	0.03%
KOD	B	0.03%
MPTI	A	0.03%
CRNC	C	0.03%
PMTS	F	0.03%
NC	A	0.03%
PGEN	F	0.03%
QUIK	D	0.03%
ABOS	C	0.03%
SSTI	F	0.03%
FREY	F	0.03%
BSET	A	0.03%
TIL	D	0.03%
PNRG	B	0.03%
CKPT	A	0.03%
MRAM	C	0.03%
SCWO	C	0.03%
UNB	B	0.03%
NREF	C	0.03%
PBYI	C	0.03%
SCPH	F	0.03%
ARC	A	0.03%
ESOA	A	0.03%
BFIN	A	0.03%
LWAY	B	0.03%
ECBK	A	0.03%
CMT	F	0.03%
BDTX	F	0.03%
AOUT	C	0.03%
LFCR	B	0.03%
ISPR	F	0.03%
GRWG	C	0.03%
SKYH	F	0.03%
CTRN	C	0.03%
MRBK	A	0.03%
HURC	A	0.03%
IMUX	F	0.03%
JYNT	D	0.03%
EBMT	B	0.03%
PAYS	F	0.03%
MYPS	F	0.03%
RCMT	A	0.03%
SBFG	B	0.03%
EPSN	B	0.03%
CLAR	D	0.03%
NODK	B	0.03%
BH	C	0.03%
SKIN	C	0.03%
RMBI	A	0.03%
UBFO	A	0.03%
STRS	F	0.03%
SMTI	A	0.03%
KLTR	A	0.03%
LTRX	B	0.03%
ALTO	B	0.03%
LCTX	F	0.03%
LFVN	A	0.03%
PAL	F	0.03%
HLLY	F	0.03%
VSTM	C	0.03%
AJX	F	0.03%
SLDB	F	0.03%
TWIN	D	0.03%
CDZI	B	0.03%
FNWD	B	0.03%
INFU	F	0.03%
PBFS	A	0.03%
PHX	C	0.03%
PEPG	F	0.03%
COYA	C	0.03%
SNFCA	A	0.03%
BBCP	D	0.03%
ZYXI	C	0.03%
WHG	B	0.03%
ESCA	F	0.03%
VTYX	F	0.03%
VRA	F	0.03%
NAUT	F	0.03%
CVRX	B	0.03%
TSQ	F	0.03%
SPCE	D	0.03%
EVC	B	0.03%
DOUG	B	0.03%
AVD	F	0.03%
JILL	F	0.03%
OBIO	D	0.03%
HWBK	A	0.03%
ELDN	A	0.03%
CBFV	A	0.03%
FRGE	F	0.03%
BTMD	D	0.03%
FSFG	A	0.03%
ALTI	C	0.03%
FUSB	A	0.02%
APT	F	0.02%
MODD	B	0.02%
CBUS	D	0.02%
KTCC	A	0.02%
TLYS	F	0.02%
SND	B	0.02%
VIGL	B	0.02%
GOEV	F	0.02%
UBCP	A	0.02%
FGBI	B	0.02%
KLXE	F	0.02%
SUP	F	0.02%
CPHC	F	0.02%
GAIA	B	0.02%
REFR	A	0.02%
SLS	C	0.02%
SKIL	B	0.02%
CULP	D	0.02%
RSSS	F	0.02%
LPTH	B	0.02%
GSIT	C	0.02%
NOTE	F	0.02%
NL	B	0.02%
ACNT	F	0.02%
ASYS	F	0.02%
CRVO	F	0.02%
GNLX	C	0.02%
PHUN	D	0.02%
AE	A	0.02%
DLHC	F	0.02%
OPOF	B	0.02%
BEEM	C	0.02%
CURI	B	0.02%
NRDY	F	0.02%
LCUT	F	0.02%
TVGN	D	0.02%
STRW	A	0.02%
INMB	D	0.02%
IPSC	F	0.02%
EEX	F	0.02%
STKS	F	0.02%
MGYR	C	0.02%
OVID	D	0.02%
AXR	A	0.02%
GIFI	F	0.02%
DHX	D	0.02%
MAPS	F	0.02%
PMVP	C	0.02%
NNE	B	0.02%
AIRS	A	0.02%
ALRN	B	0.02%
ANVS	C	0.02%
CLRB	F	0.02%
CUE	B	0.02%
HQI	D	0.02%
CXDO	B	0.02%
AKYA	D	0.02%
CLPR	B	0.02%
TBNK	B	0.02%
ATOM	C	0.02%
QSI	F	0.02%
KVHI	F	0.02%
IVVD	F	0.02%
SES	F	0.02%
CLSD	F	0.02%
MASS	F	0.02%
GLT	B	0.02%
CCRD	B	0.02%
LTBR	B	0.02%
EP	C	0.02%
PETS	C	0.02%
GLSI	F	0.02%
FBLG	B	0.02%
AIRG	A	0.02%
VUZI	C	0.02%
GAN	B	0.02%
PROV	A	0.02%
LFT	C	0.02%
KEQU	D	0.02%
RMBL	C	0.02%
OTLK	D	0.02%
REKR	F	0.02%
FNWB	F	0.02%
XFOR	F	0.02%
NVCT	D	0.02%
CNTY	A	0.02%
VTGN	F	0.02%
BGSF	F	0.02%
MNOV	D	0.02%
NPCE	F	0.02%
FEIM	C	0.02%
SUNS	D	0.02%
FTK	A	0.02%
CPSS	A	0.02%
BCAB	C	0.02%
KYTX	F	0.02%
STEM	F	0.02%
NEOV	A	0.02%
SKYE	C	0.02%
BKTI	B	0.02%
CTMX	F	0.02%
INVE	D	0.02%
MPX	F	0.02%
GUTS	B	0.02%
MNTX	C	0.02%
KOPN	F	0.02%
ULBI	F	0.02%
VHI	B	0.02%
INTT	C	0.02%
RLMD	C	0.02%
BKSY	C	0.02%
WW	D	0.02%
ORMP	F	0.02%
CSPI	F	0.02%
VOXX	B	0.02%
SNDA	D	0.02%
ANRO	F	0.02%
UEIC	D	0.02%
SKYX	B	0.02%
VERI	C	0.02%
CHRS	F	0.02%
RGLS	F	0.02%
ACRS	B	0.02%
IVAC	F	0.02%
RRGB	C	0.02%
OPRT	F	0.02%
RMNI	D	0.02%
CTNM	D	0.02%
PTSI	D	0.02%
ALOT	F	0.02%
SKLZ	F	0.02%
AEVA	B	0.02%
AGEN	F	0.02%
NEON	D	0.02%
HOWL	C	0.02%
CFBK	B	0.02%
LEE	A	0.02%
LARK	A	0.02%
KPTI	C	0.02%
SFBC	A	0.02%
SPWH	F	0.02%
KRMD	A	0.02%
ALLK	B	0.02%
SNCR	D	0.02%
EGAN	D	0.02%
ACET	F	0.02%
AFBI	C	0.02%
HBIO	F	0.02%
OPRX	F	0.02%
RVSB	A	0.02%
BLUE	F	0.02%
OPI	F	0.02%
FONR	F	0.02%
NTIC	C	0.02%
ANIX	A	0.02%
SRTS	B	0.02%
OPFI	B	0.02%
ACRV	B	0.02%
PRTH	D	0.02%
POWW	F	0.02%
ACU	F	0.02%
BCOV	F	0.02%
BODI	F	0.01%
FEAM	F	0.01%
BOLD	F	0.01%
NAII	D	0.01%
BOLT	C	0.01%
ACXP	F	0.01%
GRYP	F	0.01%
MSAI	F	0.01%
ICCC	F	0.01%
GCTS	F	0.01%
JRSH	A	0.01%
PRLD	F	0.01%
KPLT	F	0.01%
RVPH	F	0.01%
RDI	D	0.01%
NTIP	F	0.01%
PNST	F	0.01%
CELU	F	0.01%
VTVT	D	0.01%
AHT	F	0.01%
FTEK	C	0.01%
ARKR	F	0.01%
ARMP	D	0.01%
IRIX	F	0.01%
VCSA	F	0.01%
ARL	F	0.01%
FLNT	D	0.01%
RFL	B	0.01%
RLYB	F	0.01%
MKTW	F	0.01%
XOS	F	0.01%
USGO	B	0.01%
SRZN	A	0.01%
MHH	C	0.01%
CREX	D	0.01%
SCOR	F	0.01%
SURG	F	0.01%
SGRP	B	0.01%
AEON	F	0.01%
LTRN	F	0.01%
OCX	D	0.01%
MGLD	F	0.01%
DRIO	C	0.01%
LSBK	A	0.01%
RENB	F	0.01%
FBIO	B	0.01%
FARM	F	0.01%
DYAI	F	0.01%
CALC	F	0.01%
TOON	F	0.01%
AWRE	F	0.01%
NINE	F	0.01%
SST	F	0.01%
AMPX	D	0.01%
HFBL	F	0.01%
BYFC	A	0.01%
VANI	C	0.01%
STIM	C	0.01%
FAT	C	0.01%
AP	F	0.01%
BATL	B	0.01%
CARM	D	0.01%
GEG	D	0.01%
BNTC	A	0.01%
LVLU	D	0.01%
XLO	B	0.01%
CPTN	B	0.01%
ORKA	B	0.01%
INTS	F	0.01%
STCN	D	0.01%
CSBR	F	0.01%
VRCA	F	0.01%
MDBH	F	0.01%
AVTE	C	0.01%
OM	D	0.01%
MRKR	C	0.01%
AERT	F	0.01%
OPAD	F	0.01%
ISDR	F	0.01%
CHCI	A	0.01%
USIO	F	0.01%
CRIS	F	0.01%
CENN	C	0.01%
ZDGE	F	0.01%
ALTS	B	0.01%
OWLT	A	0.01%
WFCF	D	0.01%
RENT	F	0.01%
VOR	D	0.01%
NXTC	F	0.01%
UHG	D	0.01%
FGEN	F	0.01%
APYX	F	0.01%
TYGO	F	0.01%
PBBK	D	0.01%
PASG	F	0.01%
TPCS	D	0.01%
ELEV	F	0.01%
AADI	B	0.01%
MAIA	D	0.01%
BSBK	A	0.01%
SLND	F	0.01%
CCEL	A	0.01%
PROP	F	0.01%
TCBS	A	0.01%
TCI	F	0.01%
ELUT	F	0.01%
SOTK	C	0.01%
CODA	A	0.01%
OKUR	C	0.01%
FTHM	D	0.01%
DTC	F	0.01%
RBKB	A	0.01%
XBP	F	0.01%
BAER	C	0.01%
ELTX	C	0.01%
HSON	F	0.01%
NVNO	F	0.01%
ELA	D	0.01%
TARA	C	0.01%
NOTV	C	0.01%
FLUX	F	0.01%
OMGA	F	0.01%
SIEB	B	0.01%
LLAP	F	0.01%
PRPH	F	0.01%
CODX	F	0.01%
PRTS	F	0.01%
TACT	F	0.01%
GROV	D	0.01%
OPXS	C	0.01%
FORA	F	0.01%
CVU	B	0.01%
DTI	F	0.01%
MCHX	C	0.01%
OPHC	A	0.01%
SVCO	F	0.01%
RFIL	B	0.01%
VALU	B	0.01%
BWEN	F	0.01%
BGFV	F	0.01%
FSEA	B	0.01%
FKWL	C	0.01%
CVM	F	0.01%
MPU	C	0.01%
KRON	D	0.01%
VYNE	B	0.01%
TELA	C	0.01%
LVO	F	0.01%
SPRU	F	0.01%
DERM	A	0.01%
ASRV	C	0.01%
MGRM	F	0.01%
ICAD	B	0.01%
GMGI	D	0.01%
CURV	F	0.01%
PDYN	B	0.01%
PXLW	D	0.01%
OSS	D	0.01%
SSBI	F	0.01%
LNSR	B	0.01%
QNCX	A	0.01%
IDN	C	0.01%
GANX	C	0.01%
NDLS	F	0.01%
UG	D	0.01%
CIX	C	0.01%
BAFN	B	0.01%
SHOT	F	0.01%
PPSI	B	0.01%
IZEA	B	0.01%
ICCH	A	0.01%
BEAT	A	0.01%
MOND	F	0.01%
HHS	F	0.01%
IMRX	D	0.01%
IKNA	C	0.01%
CRWS	F	0.01%
CLST	B	0.01%
ESP	A	0.01%
VBFC	A	0.01%
CDTX	B	0.01%
NHTC	D	0.01%
AUBN	A	0.01%
BHM	F	0.01%
FTLF	C	0.01%
STTK	F	0.01%
GOCO	A	0.01%
LOAN	C	0.01%
CPBI	A	0.01%
USAU	B	0.01%
ENZ	D	0.01%
ALXO	F	0.01%
PRPL	F	0.01%
SYRS	D	0.01%
UPLD	F	0.01%
ATNM	F	0.01%
IROQ	A	0.01%
HNNA	B	0.01%
BDSX	F	0.01%
BCOW	B	0.01%
TDUP	F	0.01%
GALT	F	0.01%
SCYX	F	0.01%
ABAT	F	0.01%
ECOR	A	0.01%
RAPT	D	0.01%
DLTH	F	0.01%
SELF	B	0.01%
SPRO	F	0.01%
AUID	D	0.01%
HYMC	D	0.01%
BOTJ	C	0.01%
METCB	F	0.01%
NSTS	A	0.01%
DTIL	F	0.01%
PLCE	B	0.01%
IPWR	F	0.01%
TISI	C	0.01%
PDEX	A	0.01%
SDIG	C	0.01%
WRAP	D	0.01%
SGA	F	0.01%
HLVX	C	0.01%
PBHC	B	0.01%
OPTN	F	0.01%
MURA	D	0.01%
SWKH	D	0.01%
BKKT	F	0.01%
TKNO	A	0.01%
PFIE	A	0.01%
LUNA	F	0.01%
ASMB	B	0.01%
BTCS	C	0.0%
AREC	C	0.0%
SOC	B	0.0%
ANEB	F	0.0%
BNAI	F	0.0%
CTCX	F	0.0%
SMXT	F	0.0%
NKGN	F	0.0%
LINK	C	0.0%
PODC	F	0.0%
SHIM	F	0.0%
CMCT	F	0.0%
CDT	F	0.0%
LUXH	F	0.0%
AMIX	F	0.0%
INKT	F	0.0%
INTG	F	0.0%
INAB	F	0.0%
AAME	D	0.0%
IMMX	F	0.0%
OCEA	F	0.0%
HCWB	F	0.0%
ESLA	F	0.0%
AWH	D	0.0%
KFFB	D	0.0%
TSBX	F	0.0%
GLYC	C	0.0%
DWSN	A	0.0%
DRCT	D	0.0%
LIVE	F	0.0%
BCG	F	0.0%
RVP	F	0.0%
CETY	F	0.0%
PSQH	C	0.0%
GORV	F	0.0%
OMEX	F	0.0%
QXO	C	0.0%
NSYS	D	0.0%
ALUR	D	0.0%
AIRE	F	0.0%
SVT	B	0.0%
CUTR	F	0.0%
PALT	F	0.0%
UNCY	C	0.0%
MGX	F	0.0%
RDZN	F	0.0%
LYRA	F	0.0%
SLNG	B	0.0%
VGAS	A	0.0%
UONEK	F	0.0%
MDAI	C	0.0%
XAIR	C	0.0%
AXIL	C	0.0%
DTST	F	0.0%
TOI	F	0.0%
NCSM	C	0.0%
NEUE	F	0.0%
DHAI	F	0.0%
VIVK	C	0.0%
USEG	B	0.0%
AISP	F	0.0%
AKA	C	0.0%
CYTH	D	0.0%
CMBM	F	0.0%
COCH	F	0.0%
TLF	D	0.0%
BRID	F	0.0%
MAYS	D	0.0%
ATHA	F	0.0%
CVV	F	0.0%
LGL	A	0.0%
FGF	F	0.0%
MRNS	F	0.0%
PET	F	0.0%
CXAI	F	0.0%
ANTX	D	0.0%
AIRT	F	0.0%
SABS	B	0.0%
BTAI	C	0.0%
GAME	F	0.0%
PTN	D	0.0%
POCI	D	0.0%
EQ	D	0.0%
CFSB	C	0.0%
BTM	F	0.0%
TPST	F	0.0%
CGTX	F	0.0%
CMLS	F	0.0%
SYPR	F	0.0%
TELO	F	0.0%
EVTV	D	0.0%

IWC Underweight 176 Positions Relative to JSMD

Symbol	Grade	Weight
APP	B	-5.11%
HEI	D	-2.72%
INCY	A	-2.61%
NBIX	C	-2.42%
BSY	F	-2.2%
MEDP	F	-2.11%
ROL	D	-2.01%
CRL	F	-1.96%
BRKR	D	-1.84%
ENSG	A	-1.77%
DOX	B	-1.59%
LNTH	C	-1.58%
FN	B	-1.38%
FIX	B	-1.32%
HALO	B	-1.3%
RGLD	B	-1.29%
EXP	B	-1.27%
ERIE	D	-1.18%
GPK	D	-1.17%
LSCC	C	-1.16%
TTEK	B	-1.16%
SPSC	F	-1.1%
DOCS	A	-1.08%
CRVL	D	-1.08%
OPCH	F	-1.06%
WMS	F	-1.05%
NYT	A	-1.04%
CORT	B	-1.03%
DBX	A	-0.99%
BMI	D	-0.92%
IBKR	A	-0.9%
PCTY	A	-0.86%
PAYC	A	-0.85%
MLI	A	-0.83%
AIT	A	-0.8%
CNM	D	-0.79%
CMC	A	-0.78%
WCC	A	-0.78%
AAON	A	-0.77%
CASY	A	-0.75%
BOX	D	-0.72%
SSD	F	-0.69%
QLYS	F	-0.69%
AGCO	C	-0.67%
FCN	F	-0.65%
WSC	F	-0.63%
SFM	A	-0.62%
PLXS	A	-0.61%
KNSL	F	-0.6%
BJ	A	-0.59%
DOCN	B	-0.59%
SITE	F	-0.58%
SANM	A	-0.57%
EXLS	A	-0.56%
MTDR	D	-0.54%
CPRX	A	-0.53%
HRI	A	-0.53%
WAL	C	-0.52%
CSWI	B	-0.51%
COKE	D	-0.51%
AMPH	A	-0.5%
ADUS	D	-0.49%
WTS	D	-0.49%
TOL	C	-0.48%
RYAN	C	-0.47%
ACLS	F	-0.46%
BRBR	A	-0.44%
ZI	C	-0.44%
UFPT	D	-0.44%
DV	F	-0.44%
FELE	D	-0.42%
STRL	B	-0.42%
TNET	F	-0.41%
RLI	B	-0.41%
PLUS	C	-0.41%
ALRM	F	-0.41%
HRMY	D	-0.4%
HLNE	A	-0.4%
WTRG	C	-0.39%
IESC	A	-0.38%
USLM	A	-0.38%
CELH	F	-0.38%
DKS	F	-0.37%
RUSHA	A	-0.37%
BLD	F	-0.35%
OSIS	F	-0.35%
FND	D	-0.34%
KAI	A	-0.33%
PAG	F	-0.32%
GMS	A	-0.32%
SIGI	C	-0.32%
HWKN	D	-0.32%
WING	F	-0.32%
STAA	F	-0.31%
DAR	B	-0.31%
ELF	F	-0.31%
MUSA	C	-0.3%
CBZ	B	-0.3%
EVCM	A	-0.3%
REXR	F	-0.29%
CZR	D	-0.29%
PGNY	F	-0.29%
TGLS	B	-0.29%
PRIM	A	-0.29%
ATKR	F	-0.28%
ESGR	C	-0.28%
LAD	A	-0.28%
CNXC	F	-0.27%
SLM	C	-0.27%
KNTK	B	-0.25%
CROX	F	-0.24%
PLAB	F	-0.23%
MGRC	A	-0.23%
WS	A	-0.23%
HASI	B	-0.22%
NSSC	F	-0.22%
MTH	D	-0.21%
AX	B	-0.21%
IBOC	B	-0.21%
VCTR	A	-0.21%
IAS	A	-0.2%
IBP	F	-0.2%
IPAR	D	-0.2%
PJT	B	-0.19%
NMIH	D	-0.18%
AESI	F	-0.18%
TRNO	F	-0.18%
PAYO	B	-0.18%
ALG	C	-0.18%
EPRT	C	-0.17%
MYRG	B	-0.17%
ACMR	D	-0.17%
ETSY	D	-0.17%
ABR	B	-0.16%
GSHD	A	-0.15%
NFE	F	-0.15%
TBBK	D	-0.15%
FIVE	C	-0.15%
BOOT	D	-0.15%
MHO	D	-0.14%
PLMR	D	-0.14%
ABG	C	-0.14%
GPI	C	-0.14%
ENVA	A	-0.13%
GOLF	D	-0.12%
ASO	F	-0.12%
OTTR	F	-0.12%
SSTK	D	-0.12%
LRN	A	-0.12%
LPG	F	-0.11%
SKWD	B	-0.11%
IIPR	C	-0.11%
MBIN	F	-0.11%
AWR	C	-0.11%
NSA	D	-0.1%
NBHC	A	-0.1%
CASH	A	-0.1%
GRBK	D	-0.1%
YETI	F	-0.09%
GSL	C	-0.08%
SHLS	F	-0.08%
WABC	B	-0.08%
CUBI	D	-0.08%
NAPA	A	-0.08%
ARRY	D	-0.08%
MGPI	F	-0.07%
RC	F	-0.07%
ASC	F	-0.05%
HGTY	C	-0.05%
ANET	B	-0.04%
BOWL	F	-0.03%
PAY	A	-0.03%
XPEL	F	-0.03%
DFH	F	-0.03%
TH	F	-0.02%
ARHS	F	-0.01%