IWC vs. QABA ETF Comparison

Comparison of iShares Microcap ETF (IWC) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$131.28

Average Daily Volume

28,886

Number of Holdings ^*

1394

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.83

Average Daily Volume

14,795

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	IWC	QABA
30 Days	4.43%	10.92%
60 Days	7.10%	15.88%
90 Days	10.62%	18.75%
12 Months	32.60%	42.23%

67 Overlapping Holdings

Symbol	Grade	Weight in IWC	Weight in QABA	Overlap
AMAL	B	0.15%	0.54%	0.15%
AROW	B	0.13%	0.27%	0.13%
BCAL	B	0.09%	0.27%	0.09%
BFC	B	0.24%	0.52%	0.24%
BFST	B	0.16%	0.42%	0.16%
BHRB	B	0.22%	0.51%	0.22%
BMRC	A	0.09%	0.2%	0.09%
BSRR	B	0.1%	0.23%	0.1%
BWB	B	0.07%	0.2%	0.07%
CAC	B	0.16%	0.34%	0.16%
CARE	B	0.1%	0.22%	0.1%
CASS	B	0.14%	0.3%	0.14%
CCB	A	0.19%	0.47%	0.19%
CCBG	B	0.12%	0.32%	0.12%
CCNE	B	0.13%	0.29%	0.13%
CFB	B	0.18%	0.41%	0.18%
CNOB	B	0.23%	0.51%	0.23%
CTBI	B	0.21%	0.51%	0.21%
DCOM	B	0.28%	0.64%	0.28%
EBTC	B	0.09%	0.23%	0.09%
ESQ	B	0.12%	0.3%	0.12%
FCBC	B	0.18%	0.42%	0.18%
FFIC	B	0.11%	0.25%	0.11%
FISI	B	0.1%	0.21%	0.1%
FLIC	B	0.07%	0.15%	0.07%
FMBH	B	0.22%	0.49%	0.22%
FMNB	B	0.13%	0.28%	0.13%
FRST	B	0.06%	0.15%	0.06%
FSBC	B	0.13%	0.34%	0.13%
GABC	A	0.3%	0.66%	0.3%
GSBC	B	0.13%	0.37%	0.13%
HAFC	B	0.17%	0.37%	0.17%
HBNC	A	0.18%	0.39%	0.18%
HIFS	B	0.11%	0.31%	0.11%
HONE	B	0.12%	0.29%	0.12%
HTBI	B	0.13%	0.32%	0.13%
HTBK	B	0.15%	0.32%	0.15%
IBCP	B	0.17%	0.38%	0.17%
INBK	B	0.07%	0.17%	0.07%
KRNY	B	0.1%	0.26%	0.1%
MBWM	B	0.18%	0.38%	0.18%
MOFG	B	0.11%	0.33%	0.11%
MPB	B	0.11%	0.26%	0.11%
MSBI	B	0.13%	0.28%	0.13%
NBN	B	0.16%	0.4%	0.16%
NECB	B	0.08%	0.2%	0.08%
NEWT	B	0.08%	0.18%	0.08%
NFBK	B	0.12%	0.29%	0.12%
NRIM	A	0.09%	0.2%	0.09%
ORRF	B	0.17%	0.38%	0.17%
OSBC	A	0.18%	0.4%	0.18%
PEBO	A	0.28%	0.6%	0.28%
PFBC	B	0.24%	0.62%	0.24%
PFC	B	0.23%	0.49%	0.23%
PGC	B	0.14%	0.32%	0.14%
QCRH	B	0.34%	0.74%	0.34%
RBB	A	0.09%	0.21%	0.09%
RBCAA	B	0.15%	0.65%	0.15%
SHBI	A	0.12%	0.26%	0.12%
SMBC	B	0.14%	0.36%	0.14%
SPFI	B	0.11%	0.32%	0.11%
TCBX	B	0.09%	0.24%	0.09%
THFF	A	0.13%	0.28%	0.13%
TRST	B	0.15%	0.34%	0.15%
UVSP	B	0.21%	0.44%	0.21%
WASH	B	0.15%	0.32%	0.15%
WSBF	C	0.06%	0.15%	0.06%

IWC Overweight 1327 Positions Relative to QABA

Symbol	Grade	Weight
CORZ	B	0.7%
SOUN	B	0.49%
SRRK	C	0.46%
OSW	B	0.45%
AGX	C	0.45%
WULF	C	0.45%
LBPH	A	0.45%
MNKD	C	0.45%
VSEC	B	0.44%
TARS	C	0.42%
NRIX	B	0.41%
OCUL	C	0.4%
MIRM	B	0.38%
VRDN	C	0.37%
HUT	B	0.37%
HROW	C	0.37%
REVG	B	0.36%
NIC	B	0.35%
PRDO	B	0.35%
TILE	B	0.34%
STEL	B	0.34%
COCO	B	0.33%
TPC	C	0.31%
BLBD	F	0.31%
CRAI	C	0.31%
PRAX	B	0.31%
NX	C	0.31%
WVE	B	0.3%
WTTR	B	0.3%
SCSC	B	0.3%
IRON	C	0.3%
LEU	C	0.3%
CIFR	C	0.3%
UMH	C	0.29%
NTST	F	0.29%
QNST	C	0.28%
CDNA	D	0.28%
AMSC	B	0.28%
WINA	B	0.28%
ATEN	A	0.27%
DGII	B	0.27%
INOD	B	0.27%
BLND	B	0.26%
FBMS	B	0.26%
ICHR	C	0.26%
AORT	C	0.26%
ARLO	C	0.26%
BBSI	B	0.25%
BV	C	0.25%
NN	B	0.25%
FBRT	C	0.25%
BXC	B	0.24%
OBK	B	0.24%
EFC	C	0.24%
CAL	D	0.24%
ELVN	C	0.24%
CMCO	C	0.24%
AAOI	B	0.24%
GDYN	C	0.24%
SXC	B	0.24%
COLL	F	0.24%
WGS	C	0.23%
APLT	C	0.23%
HCI	B	0.23%
LMB	B	0.23%
BZH	B	0.23%
COMM	D	0.23%
TRNS	D	0.23%
SEZL	B	0.23%
VITL	F	0.23%
VTOL	B	0.22%
DCO	B	0.22%
COGT	D	0.22%
ZYME	B	0.22%
DX	B	0.22%
BLFS	C	0.22%
ARR	C	0.22%
THR	C	0.22%
PNTG	D	0.22%
AVBP	C	0.22%
UTL	C	0.22%
HSII	B	0.22%
BY	B	0.22%
ASPN	F	0.22%
DXPE	B	0.21%
TPB	B	0.21%
APLD	D	0.21%
MDXG	A	0.21%
INDI	C	0.21%
FIP	D	0.21%
ACHR	B	0.21%
IE	C	0.21%
CDRE	F	0.21%
HOV	F	0.21%
VVI	B	0.21%
GLDD	B	0.2%
SPRY	C	0.2%
BELFB	C	0.2%
KNSA	D	0.2%
CSTL	C	0.2%
WNC	C	0.2%
ETNB	C	0.2%
CPF	B	0.19%
DJCO	B	0.19%
ASIX	B	0.19%
YEXT	B	0.19%
UTI	B	0.19%
CGEM	F	0.19%
PLYM	F	0.19%
MLR	C	0.19%
EOLS	F	0.18%
REPL	C	0.18%
KOP	C	0.18%
CDMO	B	0.18%
HAYN	A	0.18%
CRGX	F	0.18%
IDT	B	0.18%
NBBK	B	0.18%
HSTM	B	0.18%
GCI	D	0.18%
HCKT	B	0.18%
ROOT	B	0.17%
AMTB	B	0.17%
CECO	C	0.17%
GNK	C	0.17%
REX	C	0.17%
TRML	C	0.16%
ETD	D	0.16%
IMNM	F	0.16%
MTUS	D	0.16%
BJRI	B	0.16%
ADPT	C	0.16%
SCVL	D	0.16%
ML	B	0.16%
MAGN	F	0.16%
PGY	D	0.16%
GOOD	B	0.16%
NTGR	B	0.16%
EU	F	0.16%
AVXL	C	0.16%
ANNX	C	0.16%
DNTH	D	0.16%
NGNE	C	0.16%
HZO	F	0.16%
BASE	C	0.16%
WSR	B	0.16%
AOSL	D	0.15%
CBL	B	0.15%
ORIC	D	0.15%
LAB	D	0.15%
MCBS	B	0.15%
ADTN	B	0.15%
RYAM	B	0.15%
LQDA	D	0.15%
ARIS	B	0.15%
CRMD	B	0.15%
SPTN	F	0.15%
NAT	F	0.15%
GDEN	B	0.15%
OFIX	C	0.15%
MCB	B	0.15%
CEVA	B	0.15%
OSPN	B	0.15%
IMXI	B	0.15%
EQBK	A	0.15%
EYPT	C	0.14%
EGY	F	0.14%
NR	C	0.14%
SWBI	D	0.14%
MNMD	B	0.14%
HY	F	0.14%
NRDS	C	0.14%
EBS	C	0.14%
SIBN	D	0.14%
AXGN	D	0.13%
FPI	B	0.13%
QTRX	D	0.13%
KRUS	C	0.13%
GMRE	F	0.13%
ALT	C	0.13%
ABUS	D	0.13%
UHT	D	0.13%
BHB	B	0.13%
CSV	B	0.13%
WLDN	C	0.13%
DAKT	B	0.13%
TIPT	B	0.13%
WEAV	C	0.13%
ERAS	C	0.13%
AMRK	F	0.13%
IIIN	C	0.13%
HIPO	B	0.13%
CCO	C	0.13%
NVRI	F	0.13%
ORC	D	0.13%
LYTS	B	0.13%
ACCO	B	0.13%
IIIV	B	0.13%
EBF	C	0.13%
WLFC	C	0.13%
YMAB	D	0.13%
DHC	F	0.13%
PHAT	F	0.13%
PLOW	C	0.13%
SMBK	B	0.13%
DMRC	C	0.12%
CLMB	B	0.12%
PKST	F	0.12%
HUMA	F	0.12%
UFCS	B	0.12%
ALRS	C	0.12%
AURA	C	0.12%
NWPX	B	0.12%
CAPR	C	0.12%
FARO	B	0.12%
AIOT	B	0.12%
KELYA	F	0.12%
LASR	D	0.12%
KE	C	0.12%
ATRO	F	0.12%
CTLP	B	0.12%
UVE	B	0.12%
RDUS	D	0.12%
MCS	A	0.12%
NUVB	B	0.12%
SRDX	D	0.12%
LQDT	B	0.12%
UIS	B	0.12%
ATXS	F	0.12%
YORW	F	0.12%
CTO	B	0.11%
LWLG	D	0.11%
KIND	C	0.11%
IRMD	B	0.11%
CCSI	B	0.11%
THRY	F	0.11%
SVRA	F	0.11%
URGN	F	0.11%
TK	D	0.11%
PFIS	B	0.11%
TTI	B	0.11%
LMNR	C	0.11%
ALEC	D	0.11%
CVLG	B	0.11%
EVER	D	0.11%
OLP	B	0.11%
BBW	B	0.11%
TREE	D	0.11%
CVGW	C	0.11%
NLOP	B	0.11%
HCAT	B	0.11%
BAND	C	0.11%
SLP	F	0.11%
XERS	C	0.11%
PAHC	B	0.11%
FFWM	B	0.11%
LIND	B	0.11%
SHYF	C	0.11%
STOK	B	0.11%
TRDA	B	0.11%
AMBC	C	0.11%
OLMA	F	0.11%
FDMT	F	0.1%
CLFD	F	0.1%
GLRE	C	0.1%
DAVE	B	0.1%
FMAO	B	0.1%
OABI	D	0.1%
FUBO	C	0.1%
FRPH	B	0.1%
AMLX	C	0.1%
KIDS	F	0.1%
TERN	F	0.1%
ANAB	F	0.1%
RICK	B	0.1%
WRLD	C	0.1%
CELC	D	0.1%
LOVE	B	0.1%
SLRN	D	0.1%
ESPR	C	0.1%
SEI	B	0.1%
LINC	B	0.1%
LAND	F	0.1%
KRRO	D	0.1%
MITK	C	0.1%
LENZ	B	0.1%
KALV	F	0.1%
ASPI	C	0.1%
CLDT	B	0.1%
CLW	F	0.1%
MYE	F	0.1%
BVS	C	0.1%
FC	F	0.1%
NCMI	D	0.1%
AGS	A	0.1%
DHIL	A	0.1%
VERV	D	0.1%
ARCT	F	0.1%
MCFT	B	0.09%
TWI	F	0.09%
LGTY	B	0.09%
REAL	B	0.09%
ZVRA	A	0.09%
LRMR	C	0.09%
REPX	A	0.09%
CWCO	F	0.09%
EGHT	B	0.09%
RBBN	B	0.09%
RIGL	B	0.09%
MTW	C	0.09%
ZIMV	F	0.09%
FBIZ	B	0.09%
ACRE	B	0.09%
USAP	B	0.09%
RVNC	F	0.09%
GLUE	C	0.09%
XPER	F	0.09%
WTBA	B	0.09%
RDVT	B	0.09%
SD	D	0.09%
LXFR	B	0.09%
NPK	B	0.09%
CRVS	C	0.09%
ACNB	B	0.09%
NVEC	D	0.09%
GHM	B	0.09%
HYLN	B	0.09%
AKBA	C	0.09%
BOC	D	0.09%
TALK	C	0.09%
MLYS	D	0.09%
AQST	C	0.09%
ZEUS	C	0.09%
DCGO	B	0.09%
IVR	D	0.09%
FSBW	B	0.08%
ABSI	F	0.08%
OOMA	B	0.08%
TYRA	F	0.08%
KODK	D	0.08%
TBPH	B	0.08%
LOCO	C	0.08%
VYGR	D	0.08%
UNTY	B	0.08%
HVT	F	0.08%
SFST	B	0.08%
CCRN	F	0.08%
AEHR	F	0.08%
EVLV	F	0.08%
ALNT	C	0.08%
CWBC	B	0.08%
BWMN	C	0.08%
PLPC	B	0.08%
GRNT	B	0.08%
CMPO	C	0.08%
SNBR	F	0.08%
MTRX	B	0.08%
SFIX	B	0.08%
OUST	C	0.08%
BRY	F	0.08%
TRC	F	0.08%
TRUE	C	0.08%
ULH	B	0.08%
FNKO	D	0.08%
ATEX	F	0.08%
CIVB	B	0.08%
DENN	C	0.08%
HBCP	B	0.08%
MXCT	F	0.08%
CCCC	F	0.08%
TCMD	B	0.08%
SIGA	F	0.08%
ITIC	B	0.08%
TECX	C	0.08%
CNSL	C	0.08%
ODC	C	0.08%
HNST	B	0.08%
ZUMZ	C	0.08%
STRO	D	0.08%
PLSE	D	0.08%
MAX	F	0.08%
FLXS	C	0.07%
LUNG	F	0.07%
WOW	B	0.07%
CBAN	B	0.07%
BCML	B	0.07%
CDXS	C	0.07%
RGP	D	0.07%
PRCH	B	0.07%
GNTY	A	0.07%
VLGEA	B	0.07%
SMRT	F	0.07%
MRSN	C	0.07%
HEAR	C	0.07%
SSBK	B	0.07%
COFS	B	0.07%
SAVE	F	0.07%
THRD	C	0.07%
MOV	C	0.07%
VNDA	B	0.07%
SENEA	B	0.07%
IPI	C	0.07%
BYRN	B	0.07%
DOMO	B	0.07%
ONEW	D	0.07%
AVAH	B	0.07%
PACK	C	0.07%
TITN	C	0.07%
RCEL	B	0.07%
CLPT	C	0.07%
HBT	B	0.07%
OSUR	F	0.07%
VMD	B	0.07%
CZFS	B	0.07%
JMSB	B	0.07%
CZNC	B	0.07%
METC	C	0.07%
LEGH	D	0.07%
NGVC	B	0.07%
PSTL	C	0.07%
GCO	B	0.07%
FNLC	B	0.07%
SPOK	B	0.07%
CDXC	B	0.07%
CERS	C	0.07%
FRBA	C	0.07%
OBT	B	0.07%
ACIC	C	0.07%
OIS	B	0.07%
SLQT	C	0.07%
ORN	B	0.06%
ADCT	F	0.06%
MBCN	C	0.06%
AMPS	C	0.06%
RNGR	A	0.06%
CRMT	F	0.06%
DGICA	A	0.06%
JAKK	C	0.06%
SPIR	B	0.06%
BOW	B	0.06%
PKBK	A	0.06%
ILPT	F	0.06%
ATLC	A	0.06%
SKYT	F	0.06%
OMER	B	0.06%
RAPP	C	0.06%
TSBK	B	0.06%
XOMA	C	0.06%
PLBC	A	0.06%
TRAK	B	0.06%
PDLB	B	0.06%
MVBF	B	0.06%
ITOS	F	0.06%
ABEO	C	0.06%
PCYO	B	0.06%
NGS	B	0.06%
RZLT	C	0.06%
IHRT	B	0.06%
NATH	C	0.06%
OCGN	F	0.06%
NKTR	D	0.06%
GRPN	F	0.06%
TLS	D	0.06%
AMPY	B	0.06%
TSHA	D	0.06%
RM	D	0.06%
ACCD	F	0.06%
CBNK	B	0.06%
HDSN	F	0.06%
MAMA	C	0.06%
RLGT	C	0.06%
INGN	B	0.06%
RRBI	A	0.06%
HNRG	A	0.06%
REFI	A	0.06%
FDBC	B	0.06%
MGNX	D	0.06%
MGTX	B	0.06%
AVIR	F	0.06%
CPS	C	0.06%
BLZE	D	0.06%
NVTS	F	0.06%
QTTB	D	0.06%
IMMR	F	0.06%
ANGO	C	0.06%
APEI	B	0.06%
PBPB	B	0.06%
ALDX	F	0.06%
PKE	B	0.06%
LUNR	B	0.06%
PKOH	B	0.06%
JSPR	C	0.06%
VPG	F	0.06%
HRTG	C	0.06%
LYEL	D	0.05%
CRBP	F	0.05%
HOFT	B	0.05%
GPRO	D	0.05%
NATR	B	0.05%
SRI	F	0.05%
MG	F	0.05%
BCBP	B	0.05%
FSTR	B	0.05%
IGMS	F	0.05%
BPRN	B	0.05%
PWOD	A	0.05%
VABK	B	0.05%
CABA	F	0.05%
LSEA	F	0.05%
MBI	B	0.05%
ELMD	B	0.05%
ONIT	C	0.05%
TTSH	D	0.05%
IRBT	F	0.05%
OVLY	B	0.05%
DSP	B	0.05%
RDW	B	0.05%
ZURA	D	0.05%
KRT	B	0.05%
BWFG	A	0.05%
MITT	D	0.05%
ARAY	D	0.05%
NXDT	F	0.05%
FUNC	A	0.05%
HMST	D	0.05%
CVRX	C	0.05%
USCB	B	0.05%
CTV	D	0.05%
LFMD	C	0.05%
CTGO	F	0.05%
PLL	C	0.05%
RCAT	B	0.05%
INZY	F	0.05%
CIO	F	0.05%
JRVR	F	0.05%
HRTX	F	0.05%
CFFI	A	0.05%
ALTG	C	0.05%
PSTX	B	0.05%
MED	D	0.05%
WTI	D	0.05%
RGTI	B	0.05%
BRT	B	0.05%
PANL	F	0.05%
GNE	F	0.05%
ISTR	B	0.05%
PYXS	B	0.05%
LCNB	B	0.05%
NRGV	C	0.05%
BLDE	C	0.05%
ATYR	C	0.05%
MEC	D	0.05%
FULC	F	0.05%
PESI	C	0.05%
RMAX	D	0.05%
CRBU	D	0.05%
MVIS	F	0.05%
ASUR	D	0.05%
GENC	C	0.05%
PINE	D	0.05%
ENTA	F	0.05%
BLFY	B	0.05%
TCRX	D	0.05%
BMEA	F	0.05%
DCTH	C	0.05%
FVCB	B	0.05%
QUAD	C	0.05%
PCB	B	0.05%
SGC	B	0.05%
ANIK	D	0.05%
BHR	B	0.05%
AEYE	C	0.05%
ONL	D	0.05%
AIP	B	0.05%
REI	F	0.05%
LE	C	0.05%
INSE	B	0.05%
TSVT	F	0.05%
ATNI	F	0.05%
TG	C	0.05%
WEYS	B	0.05%
EVBN	B	0.05%
FLWS	D	0.05%
NWFL	B	0.05%
RAIL	C	0.05%
FREY	B	0.05%
GCBC	B	0.05%
CIA	C	0.05%
TBI	F	0.05%
UTMD	D	0.05%
ORGO	B	0.05%
FHTX	C	0.05%
PFMT	D	0.05%
SWIM	D	0.05%
EVC	B	0.04%
LFCR	B	0.04%
HWBK	B	0.04%
EML	F	0.04%
VSTM	C	0.04%
STRS	B	0.04%
XBIT	D	0.04%
BVFL	A	0.04%
INFU	B	0.04%
FFNW	D	0.04%
GWRS	C	0.04%
MDV	C	0.04%
FSFG	A	0.04%
BW	C	0.04%
BTMD	B	0.04%
DXLG	C	0.04%
STHO	F	0.04%
GPMT	C	0.04%
ATLO	C	0.04%
LOGC	C	0.04%
ACHV	F	0.04%
RCKY	F	0.04%
ALMS	D	0.04%
FF	D	0.04%
PSNL	D	0.04%
SGMT	C	0.04%
KOD	B	0.04%
NNBR	C	0.04%
ALTI	C	0.04%
BLNK	F	0.04%
DC	D	0.04%
AFCG	F	0.04%
WNEB	A	0.04%
FLL	D	0.04%
ADVM	D	0.04%
AVNW	F	0.04%
JOUT	F	0.04%
BRBS	B	0.04%
CHMG	A	0.04%
ESSA	B	0.04%
LNKB	B	0.04%
GEOS	B	0.04%
GNSS	B	0.04%
MYFW	B	0.04%
SMID	C	0.04%
SEVN	C	0.04%
SMHI	F	0.04%
MHLD	D	0.04%
EPM	B	0.04%
ARQ	B	0.04%
TRVI	F	0.04%
VIRC	C	0.04%
IBEX	B	0.04%
NKTX	F	0.04%
ETON	B	0.04%
SAMG	A	0.04%
LAW	D	0.04%
MODV	D	0.04%
RSVR	B	0.04%
TBRG	B	0.04%
ACTG	F	0.04%
CDLX	F	0.04%
SLDP	F	0.04%
HBB	F	0.04%
BBAI	C	0.04%
BSVN	B	0.04%
CRD.B	C	0.04%
FCCO	B	0.04%
RELL	B	0.04%
PVBC	C	0.04%
FINW	A	0.04%
BOOM	F	0.04%
INSG	D	0.04%
MFIN	B	0.04%
BELFA	C	0.04%
CMPX	C	0.04%
NVRO	F	0.04%
ARTV	F	0.04%
VEL	B	0.04%
ACRS	C	0.04%
ASLE	C	0.04%
RXT	C	0.04%
ELDN	C	0.04%
SERA	D	0.04%
DSGN	C	0.04%
NKSH	B	0.04%
ALCO	F	0.04%
INBX	C	0.04%
BARK	C	0.04%
LXEO	F	0.04%
RGCO	C	0.04%
KLTR	B	0.04%
ATOS	C	0.04%
MLP	C	0.04%
FSP	C	0.04%
ONTF	C	0.04%
FORR	D	0.04%
LNZA	F	0.04%
OPBK	B	0.04%
FET	D	0.04%
SMLR	B	0.04%
OB	B	0.04%
EGAN	C	0.03%
POWW	F	0.03%
ANIX	D	0.03%
GRWG	F	0.03%
SCWO	D	0.03%
OPRX	F	0.03%
ACR	B	0.03%
PDSB	F	0.03%
PPIH	B	0.03%
FCAP	C	0.03%
GBIO	F	0.03%
HNVR	B	0.03%
CFBK	B	0.03%
QUIK	F	0.03%
SBFG	C	0.03%
PETS	B	0.03%
CKPT	B	0.03%
SSTI	F	0.03%
AIRS	C	0.03%
FRGE	F	0.03%
BFIN	A	0.03%
AOMR	D	0.03%
TZOO	B	0.03%
KINS	C	0.03%
ARC	A	0.03%
TIL	D	0.03%
UNB	A	0.03%
AOUT	B	0.03%
III	C	0.03%
SCPH	F	0.03%
UEIC	B	0.03%
ISPR	D	0.03%
TAYD	F	0.03%
SKIN	C	0.03%
KFS	C	0.03%
FXNC	B	0.03%
BCOV	A	0.03%
MRAM	D	0.03%
CRDF	C	0.03%
AMTX	C	0.03%
PHX	A	0.03%
MPAA	C	0.03%
PBYI	C	0.03%
SPCE	F	0.03%
CTRN	D	0.03%
NAUT	F	0.03%
AJX	F	0.03%
ECBK	B	0.03%
OPFI	B	0.03%
MPTI	B	0.03%
EPSN	B	0.03%
PGEN	F	0.03%
QRHC	F	0.03%
ATOM	B	0.03%
FTK	A	0.03%
RMBI	A	0.03%
EBMT	A	0.03%
BSET	B	0.03%
MNSB	C	0.03%
NODK	B	0.03%
JYNT	D	0.03%
CNTY	B	0.03%
PNRG	A	0.03%
PRTH	B	0.03%
NEOV	B	0.03%
CMT	D	0.03%
LTBR	C	0.03%
FNWD	B	0.03%
UBFO	A	0.03%
HLLY	F	0.03%
WHG	B	0.03%
MRBK	A	0.03%
PEBK	B	0.03%
TPIC	F	0.03%
TSQ	C	0.03%
NREF	B	0.03%
CRNC	D	0.03%
BDTX	F	0.03%
PAYS	F	0.03%
SKYH	C	0.03%
TCX	F	0.03%
BH	B	0.03%
NC	C	0.03%
VTYX	F	0.03%
MYO	B	0.03%
TSE	F	0.03%
BBCP	F	0.03%
PBFS	B	0.03%
RMTI	C	0.03%
HURC	B	0.03%
CBFV	B	0.03%
SLDB	F	0.03%
CLAR	D	0.03%
IDR	D	0.03%
EARN	D	0.03%
MYPS	C	0.03%
LCTX	D	0.03%
SNFCA	A	0.03%
PMTS	B	0.03%
ABOS	D	0.03%
LFVN	B	0.03%
FRAF	A	0.03%
TWIN	D	0.03%
ZYXI	D	0.03%
VRA	C	0.03%
QBTS	B	0.03%
APPS	F	0.03%
SMTI	B	0.03%
HFFG	C	0.03%
TNGX	F	0.03%
JILL	C	0.03%
RCMT	C	0.03%
SEER	B	0.03%
SSP	F	0.03%
CZWI	A	0.03%
LAKE	B	0.03%
DOUG	C	0.03%
CDZI	C	0.03%
AVD	C	0.03%
OBIO	C	0.03%
ESCA	B	0.03%
INO	F	0.03%
SGHT	F	0.03%
EXFY	B	0.03%
LXRX	F	0.03%
STRT	B	0.03%
ESOA	B	0.03%
RNAC	D	0.03%
EHTH	C	0.03%
PAL	F	0.03%
TNYA	D	0.03%
SYRS	F	0.02%
UPLD	C	0.02%
CPHC	C	0.02%
MAPS	C	0.02%
NOTV	C	0.02%
RSSS	C	0.02%
GAIA	B	0.02%
VUZI	F	0.02%
LVO	F	0.02%
TKNO	C	0.02%
STKS	F	0.02%
CRVO	F	0.02%
ANVS	F	0.02%
ACNT	C	0.02%
OPI	F	0.02%
ECOR	B	0.02%
REFR	C	0.02%
HOWL	F	0.02%
OPOF	B	0.02%
IPSC	F	0.02%
NL	C	0.02%
BEEM	F	0.02%
SLS	C	0.02%
STRW	D	0.02%
CXDO	C	0.02%
SND	C	0.02%
AE	A	0.02%
WW	F	0.02%
EEX	D	0.02%
MNOV	C	0.02%
PLCE	C	0.02%
VTSI	C	0.02%
TDUP	C	0.02%
KVHI	C	0.02%
CMTL	F	0.02%
CLPR	C	0.02%
MGYR	A	0.02%
LCUT	F	0.02%
CLRB	F	0.02%
DHX	D	0.02%
IVVD	F	0.02%
ALRN	D	0.02%
DLHC	F	0.02%
BGSF	F	0.02%
PMVP	C	0.02%
BLUE	F	0.02%
OVID	D	0.02%
RLMD	F	0.02%
FNWB	C	0.02%
HQI	B	0.02%
TBNK	B	0.02%
GAN	B	0.02%
GNLX	D	0.02%
AXR	B	0.02%
PEPG	F	0.02%
ULBI	F	0.02%
VOXX	C	0.02%
KLXE	C	0.02%
CLSD	F	0.02%
RRGB	C	0.02%
PROV	A	0.02%
LFT	D	0.02%
AGEN	F	0.02%
INMB	D	0.02%
KOPN	C	0.02%
CUE	C	0.02%
SKLZ	F	0.02%
GUTS	F	0.02%
PDEX	B	0.02%
AKYA	C	0.02%
VTGN	F	0.02%
AXTI	F	0.02%
MASS	F	0.02%
CTMX	F	0.02%
SUNS	B	0.02%
MNTX	B	0.02%
CVGI	F	0.02%
ORMP	F	0.02%
CBUS	D	0.02%
IVAC	F	0.02%
ALOT	C	0.02%
UFI	F	0.02%
RAPT	F	0.02%
TUSK	F	0.02%
ACET	F	0.02%
GIFI	B	0.02%
FEIM	B	0.02%
MPX	C	0.02%
LTRX	F	0.02%
AIRG	C	0.02%
REKR	F	0.02%
SNDA	F	0.02%
KYTX	F	0.02%
CSPI	C	0.02%
GLSI	F	0.02%
BKTI	B	0.02%
INVE	C	0.02%
TTEC	F	0.02%
SFBC	C	0.02%
BCAB	D	0.02%
NNE	B	0.02%
SPWH	F	0.02%
ANRO	F	0.02%
CHRS	F	0.02%
RGLS	F	0.02%
RMBL	C	0.02%
CPSS	C	0.02%
PFIE	A	0.02%
KEQU	C	0.02%
FONR	D	0.02%
VERI	F	0.02%
SACH	F	0.02%
QSI	F	0.02%
SERV	D	0.02%
COYA	F	0.02%
ALTO	F	0.02%
OTLK	D	0.02%
CADL	F	0.02%
EP	C	0.02%
VERU	F	0.02%
SNCR	F	0.02%
CHMI	F	0.02%
LPTX	C	0.02%
AEVA	C	0.02%
SKYE	C	0.02%
AFBI	B	0.02%
ACU	C	0.02%
FRD	D	0.02%
RVSB	B	0.02%
LEE	C	0.02%
NVCT	D	0.02%
VHI	C	0.02%
KPTI	C	0.02%
INTT	C	0.02%
LARK	A	0.02%
NTIC	C	0.02%
SRTS	B	0.02%
RMNI	C	0.02%
CCRD	B	0.02%
DIBS	F	0.02%
NPCE	C	0.02%
STXS	D	0.02%
SBT	C	0.02%
FBLG	F	0.02%
ACRV	C	0.02%
OVBC	A	0.02%
SKYX	C	0.02%
XFOR	F	0.02%
WMPN	A	0.02%
DMAC	D	0.02%
LWAY	D	0.02%
OPRT	B	0.02%
HBIO	F	0.02%
IMUX	F	0.02%
CTNM	B	0.02%
EVI	D	0.02%
SRBK	A	0.02%
CATO	C	0.02%
ALLK	C	0.02%
KRMD	B	0.02%
ISSC	B	0.02%
BKSY	C	0.02%
COOK	D	0.02%
GRYP	C	0.01%
FLNT	D	0.01%
RDI	F	0.01%
ARMP	C	0.01%
BTM	B	0.01%
SABS	C	0.01%
CALC	F	0.01%
FTEK	C	0.01%
POCI	D	0.01%
OCX	F	0.01%
CREX	F	0.01%
MKTW	F	0.01%
XOS	F	0.01%
USGO	C	0.01%
ARL	F	0.01%
SCOR	D	0.01%
BOLD	D	0.01%
RLYB	F	0.01%
SRZN	D	0.01%
DRIO	F	0.01%
SGRP	D	0.01%
BTAI	F	0.01%
ORKA	D	0.01%
FBIO	D	0.01%
SST	F	0.01%
XBP	D	0.01%
LSBK	A	0.01%
VCSA	D	0.01%
DYAI	D	0.01%
CRIS	F	0.01%
BATL	C	0.01%
BNTC	C	0.01%
TOON	D	0.01%
VANI	C	0.01%
MHH	A	0.01%
GEG	F	0.01%
MDBH	F	0.01%
CARM	D	0.01%
HFBL	C	0.01%
CPTN	B	0.01%
AP	F	0.01%
OMGA	F	0.01%
LTRN	F	0.01%
FTHM	F	0.01%
TPCS	D	0.01%
LVLU	D	0.01%
RFL	D	0.01%
BYFC	B	0.01%
FAT	C	0.01%
ISDR	F	0.01%
ALTS	C	0.01%
INTS	F	0.01%
TYGO	F	0.01%
FARM	D	0.01%
XLO	C	0.01%
ZDGE	F	0.01%
CHCI	D	0.01%
RENT	D	0.01%
OWLT	C	0.01%
MRKR	C	0.01%
STCN	F	0.01%
NXTC	F	0.01%
CSBR	D	0.01%
WFCF	C	0.01%
AMPX	C	0.01%
RENB	D	0.01%
OPXS	C	0.01%
USIO	C	0.01%
STIM	F	0.01%
FGEN	D	0.01%
FLUX	F	0.01%
PBBK	D	0.01%
CVM	F	0.01%
BSBK	B	0.01%
SLND	F	0.01%
TVGN	D	0.01%
ELEV	F	0.01%
BAER	C	0.01%
GOEV	F	0.01%
TCBS	B	0.01%
TCI	F	0.01%
SOTK	C	0.01%
PASG	F	0.01%
CODX	F	0.01%
HSON	F	0.01%
AHT	C	0.01%
CELU	D	0.01%
OKUR	C	0.01%
AADI	C	0.01%
UHG	C	0.01%
KRON	F	0.01%
DTC	F	0.01%
NINE	C	0.01%
BWEN	F	0.01%
CENN	C	0.01%
RBKB	A	0.01%
NVNO	F	0.01%
BGFV	F	0.01%
UG	F	0.01%
SSBI	F	0.01%
AVTE	D	0.01%
MAIA	D	0.01%
OPAD	C	0.01%
GANX	D	0.01%
TACT	F	0.01%
PROP	F	0.01%
ELTX	C	0.01%
FORA	F	0.01%
GROV	D	0.01%
RFIL	B	0.01%
SIEB	B	0.01%
DTI	D	0.01%
MGRM	F	0.01%
VALU	B	0.01%
NDLS	F	0.01%
FSEA	B	0.01%
OM	C	0.01%
ELUT	C	0.01%
SVCO	F	0.01%
SPRU	F	0.01%
PXLW	D	0.01%
IMRX	F	0.01%
ELA	A	0.01%
CVU	C	0.01%
SHOT	F	0.01%
CODA	B	0.01%
FKWL	C	0.01%
MCHX	D	0.01%
VOR	C	0.01%
CRWS	D	0.01%
BDSX	D	0.01%
APYX	C	0.01%
ASRV	B	0.01%
DERM	D	0.01%
HYMC	C	0.01%
WRAP	F	0.01%
HHS	D	0.01%
PHUN	D	0.01%
TARA	C	0.01%
CIX	B	0.01%
STTK	F	0.01%
ICCH	A	0.01%
PDYN	C	0.01%
OPHC	B	0.01%
PPSI	B	0.01%
BHM	F	0.01%
PRPL	F	0.01%
CCEL	B	0.01%
SCYX	F	0.01%
VBFC	A	0.01%
CLST	C	0.01%
IZEA	B	0.01%
IKNA	C	0.01%
ESP	C	0.01%
BAFN	B	0.01%
IDN	C	0.01%
VYNE	C	0.01%
OSS	D	0.01%
AUBN	B	0.01%
TELA	C	0.01%
ENZ	C	0.01%
ALXO	F	0.01%
LOAN	C	0.01%
FTLF	B	0.01%
SES	F	0.01%
USAU	B	0.01%
IROQ	B	0.01%
BCOW	B	0.01%
HNNA	B	0.01%
BKKT	C	0.01%
CURV	D	0.01%
MPU	C	0.01%
PRTS	C	0.01%
ABAT	F	0.01%
NHTC	D	0.01%
BEAT	C	0.01%
NSTS	B	0.01%
SCLX	F	0.01%
LUNA	F	0.01%
CURI	D	0.01%
SELF	B	0.01%
GOCO	B	0.01%
ICAD	C	0.01%
DTIL	F	0.01%
DLTH	F	0.01%
GMGI	C	0.01%
CPBI	A	0.01%
SGA	F	0.01%
IPWR	F	0.01%
BOTJ	B	0.01%
PBHC	C	0.01%
MOND	F	0.01%
STEM	F	0.01%
NOTE	F	0.01%
HGBL	F	0.01%
METCB	C	0.01%
OPTN	F	0.01%
SWKH	F	0.01%
UBCP	C	0.01%
ASMB	B	0.01%
MURA	C	0.01%
CDTX	B	0.01%
SUP	F	0.01%
MODD	D	0.01%
ATNM	F	0.01%
LPTH	C	0.01%
APT	F	0.01%
CULP	D	0.01%
KTCC	B	0.01%
HLVX	D	0.01%
NRDY	F	0.01%
GSIT	F	0.01%
FUSB	B	0.01%
SKIL	C	0.01%
VIGL	D	0.01%
GALT	C	0.01%
LNSR	B	0.01%
SPRO	F	0.01%
TLYS	F	0.01%
AUID	D	0.01%
TISI	D	0.01%
ASYS	C	0.01%
QNCX	B	0.01%
SDIG	C	0.01%
FGBI	B	0.01%
BTCS	B	0.0%
AREC	C	0.0%
SOC	C	0.0%
ANEB	F	0.0%
NKGN	F	0.0%
CTCX	F	0.0%
SMXT	C	0.0%
CMCT	F	0.0%
LUXH	F	0.0%
CDT	F	0.0%
BNAI	F	0.0%
SOAR	F	0.0%
HCWB	F	0.0%
OCEA	F	0.0%
SHIM	F	0.0%
CUTR	F	0.0%
KFFB	F	0.0%
ESLA	F	0.0%
INTG	F	0.0%
INKT	C	0.0%
AAME	C	0.0%
AWH	F	0.0%
PODC	B	0.0%
AMIX	F	0.0%
INAB	C	0.0%
GORV	F	0.0%
LINK	C	0.0%
IMMX	D	0.0%
DWSN	D	0.0%
DRCT	F	0.0%
TSBX	F	0.0%
OMEX	F	0.0%
RVP	F	0.0%
BCG	D	0.0%
NSYS	F	0.0%
PSQH	D	0.0%
LIVE	F	0.0%
TOI	F	0.0%
AIRE	F	0.0%
QXO	D	0.0%
SVT	D	0.0%
EQ	F	0.0%
ALUR	F	0.0%
DHAI	F	0.0%
RDZN	F	0.0%
COCH	F	0.0%
MGX	F	0.0%
FGF	D	0.0%
SLNG	B	0.0%
USEG	B	0.0%
PALT	F	0.0%
PRPH	F	0.0%
LYRA	F	0.0%
PET	F	0.0%
VGAS	D	0.0%
UONEK	F	0.0%
CETY	F	0.0%
MDAI	C	0.0%
NEUE	F	0.0%
CMLS	F	0.0%
CYTH	F	0.0%
TLF	D	0.0%
AKA	D	0.0%
AXIL	F	0.0%
CVV	D	0.0%
AIRT	D	0.0%
CMBM	F	0.0%
MAYS	D	0.0%
BRID	D	0.0%
VRCA	F	0.0%
CGTX	C	0.0%
PRLD	F	0.0%
DTST	C	0.0%
LGL	C	0.0%
KPLT	F	0.0%
UNCY	D	0.0%
ANTX	F	0.0%
SYPR	F	0.0%
NCSM	A	0.0%
AEON	F	0.0%
VIVK	C	0.0%
CFSB	C	0.0%
GAME	C	0.0%
TPST	F	0.0%
MRNS	F	0.0%
EVTV	F	0.0%
MSAI	F	0.0%
CXAI	F	0.0%
VTVT	D	0.0%
AWRE	F	0.0%
FEAM	F	0.0%
TELO	F	0.0%
BOLT	D	0.0%
ARKR	F	0.0%
AISP	C	0.0%
ACXP	F	0.0%
MGLD	C	0.0%
BODI	C	0.0%
GLYC	D	0.0%
AERT	F	0.0%
IRIX	D	0.0%
ICCC	D	0.0%
JRSH	B	0.0%
PTN	F	0.0%
NAII	D	0.0%
NTIP	D	0.0%
PNST	D	0.0%
SURG	F	0.0%
RVPH	F	0.0%
XAIR	C	0.0%
GCTS	F	0.0%
ATHA	C	0.0%

IWC Underweight 54 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	A	-4.4%
WTFC	B	-4.21%
UMBF	B	-2.93%
FFIN	B	-2.9%
UBSI	B	-2.77%
OZK	B	-2.59%
HWC	B	-2.49%
IBOC	B	-2.17%
BANF	B	-1.99%
TFSL	A	-1.93%
TCBI	B	-1.91%
FULT	B	-1.85%
CATY	B	-1.81%
FHB	B	-1.71%
FIBK	B	-1.69%
WSFS	B	-1.63%
SFNC	B	-1.52%
INDB	B	-1.51%
CVBF	B	-1.51%
WAFD	B	-1.46%
FFBC	B	-1.34%
PPBI	B	-1.33%
TOWN	B	-1.31%
TBBK	B	-1.31%
FRME	B	-1.24%
BANR	B	-1.24%
SBCF	B	-1.23%
TRMK	B	-1.16%
NBTB	B	-1.15%
TFIN	B	-1.1%
EFSC	B	-1.07%
SYBT	B	-1.06%
WSBC	B	-1.03%
CASH	B	-0.97%
CHCO	B	-0.95%
CLBK	B	-0.94%
FBNC	B	-0.92%
LKFN	B	-0.91%
NWBI	B	-0.91%
MBIN	D	-0.89%
SASR	A	-0.83%
HOPE	B	-0.8%
SRCE	B	-0.79%
VBTX	B	-0.79%
STBA	B	-0.79%
TCBK	B	-0.77%
BUSE	B	-0.74%
WABC	B	-0.74%
OCFC	B	-0.58%
BRKL	B	-0.53%
SBSI	B	-0.53%
HFWA	B	-0.45%
CFFN	B	-0.45%
EGBN	B	-0.43%