IWD vs. JPME ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$196.11

Average Daily Volume

1,604,405

Number of Holdings ^*

865

* may have additional holdings in another (foreign) market

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$108.81

Average Daily Volume

10,059

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	IWD	JPME
30 Days	2.50%	3.84%
60 Days	4.52%	4.75%
90 Days	6.09%	6.36%
12 Months	28.49%	28.81%

319 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in JPME	Overlap
A	D	0.15%	0.29%	0.15%
ACGL	C	0.14%	0.1%	0.1%
ACHC	F	0.01%	0.17%	0.01%
ACI	C	0.03%	0.3%	0.03%
ADM	D	0.1%	0.29%	0.1%
AEE	A	0.09%	0.02%	0.02%
AFG	A	0.04%	0.19%	0.04%
AFL	B	0.24%	0.38%	0.24%
AGO	B	0.02%	0.24%	0.02%
AJG	A	0.23%	0.37%	0.23%
AKAM	D	0.05%	0.12%	0.05%
ALLY	C	0.03%	0.11%	0.03%
ALSN	B	0.04%	0.51%	0.04%
AM	A	0.01%	0.4%	0.01%
AME	A	0.17%	0.39%	0.17%
AMH	C	0.05%	0.26%	0.05%
AMP	A	0.02%	0.48%	0.02%
AN	C	0.02%	0.32%	0.02%
ANSS	B	0.11%	0.34%	0.11%
AOS	F	0.03%	0.28%	0.03%
APA	D	0.03%	0.14%	0.03%
AR	B	0.03%	0.3%	0.03%
ASH	F	0.01%	0.26%	0.01%
ATO	A	0.08%	0.42%	0.08%
ATR	B	0.04%	0.01%	0.01%
AVB	B	0.13%	0.38%	0.13%
AVT	C	0.02%	0.14%	0.02%
AVY	F	0.04%	0.3%	0.04%
AXS	A	0.03%	0.15%	0.03%
AYI	B	0.04%	0.09%	0.04%
BBY	D	0.08%	0.29%	0.08%
BG	D	0.05%	0.33%	0.05%
BIIB	F	0.09%	0.04%	0.04%
BKR	A	0.17%	0.18%	0.17%
BLDR	D	0.07%	0.34%	0.07%
BPOP	C	0.02%	0.3%	0.02%
BRBR	A	0.04%	0.36%	0.04%
BRKR	D	0.01%	0.2%	0.01%
BRO	B	0.06%	0.17%	0.06%
BRX	A	0.03%	0.4%	0.03%
BWA	D	0.03%	0.13%	0.03%
BYD	B	0.02%	0.27%	0.02%
CACI	D	0.04%	0.4%	0.04%
CAG	F	0.05%	0.31%	0.05%
CAH	B	0.05%	0.4%	0.05%
CASY	A	0.05%	0.41%	0.05%
CBOE	C	0.08%	0.35%	0.08%
CBRE	B	0.16%	0.44%	0.16%
CC	C	0.01%	0.0%	0.0%
CDW	F	0.05%	0.26%	0.05%
CE	F	0.02%	0.19%	0.02%
CF	A	0.06%	0.41%	0.06%
CFG	B	0.08%	0.11%	0.08%
CHD	A	0.1%	0.33%	0.1%
CHE	D	0.03%	0.33%	0.03%
CHTR	C	0.14%	0.39%	0.14%
CIEN	C	0.04%	0.51%	0.04%
CLF	F	0.01%	0.28%	0.01%
CLH	C	0.05%	0.41%	0.05%
CMA	B	0.04%	0.07%	0.04%
CMI	A	0.19%	0.47%	0.19%
CMS	C	0.08%	0.37%	0.08%
CNA	C	0.0%	0.0%	0.0%
CNC	D	0.12%	0.25%	0.12%
CNM	D	0.01%	0.35%	0.01%
CNXC	F	0.01%	0.06%	0.01%
COKE	C	0.03%	0.34%	0.03%
CPB	D	0.03%	0.32%	0.03%
CPT	B	0.05%	0.2%	0.05%
CR	A	0.03%	0.05%	0.03%
CRI	F	0.01%	0.04%	0.01%
CROX	D	0.02%	0.22%	0.02%
CRUS	D	0.02%	0.27%	0.02%
CSL	C	0.07%	0.42%	0.07%
CTRA	B	0.07%	0.33%	0.07%
CTVA	C	0.15%	0.3%	0.15%
CUBE	C	0.04%	0.35%	0.04%
CUZ	B	0.02%	0.15%	0.02%
CWEN	C	0.0%	0.24%	0.0%
CWEN	C	0.01%	0.24%	0.01%
CXT	C	0.01%	0.1%	0.01%
DFS	B	0.17%	0.14%	0.14%
DGX	A	0.07%	0.39%	0.07%
DHI	F	0.19%	0.33%	0.19%
DINO	D	0.03%	0.35%	0.03%
DKS	D	0.04%	0.36%	0.04%
DLB	B	0.02%	0.22%	0.02%
DOX	D	0.04%	0.3%	0.04%
DRI	B	0.04%	0.26%	0.04%
DTE	C	0.1%	0.37%	0.1%
DTM	A	0.04%	0.5%	0.04%
DVN	F	0.09%	0.27%	0.09%
ED	C	0.13%	0.35%	0.13%
EG	C	0.05%	0.31%	0.05%
EGP	D	0.03%	0.23%	0.03%
EHC	B	0.04%	0.42%	0.04%
EIX	B	0.12%	0.36%	0.12%
ELAN	D	0.03%	0.16%	0.03%
EME	A	0.05%	0.38%	0.05%
EMN	C	0.05%	0.39%	0.05%
EPR	C	0.01%	0.33%	0.01%
EQR	C	0.11%	0.29%	0.11%
ESI	B	0.02%	0.39%	0.02%
ESS	B	0.07%	0.31%	0.07%
ETR	B	0.12%	0.45%	0.12%
EVRG	A	0.06%	0.4%	0.06%
EXC	C	0.15%	0.28%	0.15%
EXEL	B	0.01%	0.43%	0.01%
EXP	B	0.01%	0.21%	0.01%
EXPD	C	0.06%	0.22%	0.06%
FANG	C	0.13%	0.38%	0.13%
FAST	B	0.03%	0.41%	0.03%
FBIN	D	0.04%	0.32%	0.04%
FCNCA	A	0.1%	0.43%	0.1%
FE	C	0.09%	0.35%	0.09%
FITB	B	0.12%	0.19%	0.12%
FLO	D	0.02%	0.26%	0.02%
FMC	D	0.03%	0.21%	0.03%
FNB	A	0.02%	0.07%	0.02%
FNF	B	0.06%	0.18%	0.06%
FR	D	0.03%	0.23%	0.03%
FRPT	A	0.02%	0.27%	0.02%
FRT	B	0.04%	0.18%	0.04%
FTRE	D	0.01%	0.03%	0.01%
FYBR	C	0.03%	0.37%	0.03%
GEHC	D	0.13%	0.07%	0.07%
GEN	B	0.06%	0.33%	0.06%
GGG	B	0.06%	0.35%	0.06%
GIS	D	0.14%	0.32%	0.14%
GLPI	C	0.05%	0.36%	0.05%
GLW	B	0.14%	0.18%	0.14%
GNTX	C	0.03%	0.3%	0.03%
GO	C	0.01%	0.06%	0.01%
GRMN	B	0.13%	0.44%	0.13%
GWW	B	0.03%	0.43%	0.03%
HAL	C	0.1%	0.25%	0.1%
HBAN	A	0.1%	0.41%	0.1%
HIG	B	0.13%	0.38%	0.13%
HIW	C	0.01%	0.3%	0.01%
HOG	D	0.02%	0.02%	0.02%
HOLX	D	0.07%	0.32%	0.07%
HPE	B	0.11%	0.34%	0.11%
HPQ	B	0.11%	0.3%	0.11%
HRB	D	0.03%	0.33%	0.03%
HRL	D	0.03%	0.26%	0.03%
HSIC	C	0.03%	0.29%	0.03%
HST	C	0.05%	0.32%	0.05%
HSY	F	0.08%	0.21%	0.08%
HUBB	B	0.09%	0.43%	0.09%
HUN	F	0.01%	0.22%	0.01%
HXL	F	0.02%	0.05%	0.02%
IDA	A	0.02%	0.24%	0.02%
IEX	C	0.07%	0.05%	0.05%
IFF	D	0.09%	0.29%	0.09%
INCY	C	0.04%	0.27%	0.04%
INGR	C	0.04%	0.42%	0.04%
IP	A	0.08%	0.45%	0.08%
IPG	D	0.04%	0.03%	0.03%
IQV	F	0.12%	0.28%	0.12%
IRDM	D	0.01%	0.24%	0.01%
IRM	C	0.06%	0.39%	0.06%
ITT	A	0.05%	0.17%	0.05%
JAZZ	B	0.03%	0.26%	0.03%
JBL	C	0.05%	0.32%	0.05%
JEF	A	0.04%	0.49%	0.04%
JLL	D	0.03%	0.38%	0.03%
JNPR	D	0.05%	0.38%	0.05%
K	A	0.08%	0.38%	0.08%
KEY	B	0.07%	0.1%	0.07%
KEYS	A	0.1%	0.17%	0.1%
KIM	A	0.06%	0.36%	0.06%
KMI	A	0.21%	0.48%	0.21%
KR	B	0.15%	0.42%	0.15%
KRC	B	0.02%	0.29%	0.02%
KSS	F	0.01%	0.01%	0.01%
KVUE	A	0.18%	0.33%	0.18%
L	A	0.06%	0.25%	0.06%
LAMR	C	0.03%	0.39%	0.03%
LBRDK	C	0.03%	0.09%	0.03%
LDOS	C	0.08%	0.41%	0.08%
LECO	C	0.03%	0.3%	0.03%
LEN	D	0.16%	0.36%	0.16%
LEN	D	0.01%	0.36%	0.01%
LH	B	0.08%	0.32%	0.08%
LITE	B	0.02%	0.4%	0.02%
LNG	A	0.09%	0.44%	0.09%
LNT	A	0.06%	0.38%	0.06%
LPX	B	0.01%	0.27%	0.01%
LSTR	D	0.03%	0.3%	0.03%
LYB	F	0.08%	0.31%	0.08%
M	F	0.02%	0.14%	0.02%
MAA	B	0.07%	0.25%	0.07%
MAS	D	0.07%	0.31%	0.07%
MCHP	F	0.13%	0.21%	0.13%
MGM	D	0.03%	0.23%	0.03%
MKC	C	0.07%	0.28%	0.07%
MOH	F	0.02%	0.29%	0.02%
MOS	F	0.03%	0.29%	0.03%
MRO	B	0.06%	0.41%	0.06%
MSM	C	0.01%	0.33%	0.01%
MTB	A	0.14%	0.31%	0.14%
MTG	C	0.03%	0.37%	0.03%
NDSN	B	0.06%	0.06%	0.06%
NEU	D	0.01%	0.3%	0.01%
NFG	A	0.02%	0.36%	0.02%
NI	A	0.06%	0.41%	0.06%
NNN	C	0.03%	0.22%	0.03%
NRG	B	0.04%	0.45%	0.04%
NSA	C	0.01%	0.09%	0.01%
NTAP	C	0.05%	0.34%	0.05%
NUE	C	0.14%	0.31%	0.14%
NVR	D	0.1%	0.37%	0.1%
NVST	B	0.01%	0.05%	0.01%
NVT	B	0.05%	0.18%	0.05%
NXST	C	0.01%	0.36%	0.01%
OC	A	0.07%	0.41%	0.07%
OGE	A	0.03%	0.4%	0.03%
OHI	C	0.04%	0.38%	0.04%
OKE	A	0.25%	0.45%	0.25%
OLN	F	0.02%	0.28%	0.02%
OMC	C	0.07%	0.28%	0.07%
OMF	A	0.02%	0.45%	0.02%
ON	D	0.11%	0.24%	0.11%
ORI	A	0.04%	0.4%	0.04%
OVV	B	0.04%	0.27%	0.04%
PAG	B	0.01%	0.35%	0.01%
PAYC	B	0.02%	0.03%	0.02%
PAYX	B	0.11%	0.27%	0.11%
PB	B	0.03%	0.07%	0.03%
PCG	A	0.17%	0.39%	0.17%
PEG	A	0.17%	0.41%	0.17%
PFG	D	0.08%	0.05%	0.05%
PFGC	B	0.04%	0.4%	0.04%
PHM	D	0.1%	0.37%	0.1%
PINC	B	0.01%	0.14%	0.01%
PK	C	0.01%	0.33%	0.01%
PKG	A	0.08%	0.41%	0.08%
PNW	A	0.04%	0.39%	0.04%
POST	C	0.02%	0.35%	0.02%
PPC	C	0.01%	0.42%	0.01%
PPL	A	0.1%	0.39%	0.1%
PR	B	0.03%	0.4%	0.03%
PRI	B	0.04%	0.22%	0.04%
PWR	A	0.13%	0.46%	0.13%
QRVO	F	0.02%	0.12%	0.02%
R	B	0.03%	0.27%	0.03%
RBC	A	0.03%	0.31%	0.03%
REG	A	0.05%	0.37%	0.05%
REXR	F	0.04%	0.18%	0.04%
REYN	D	0.01%	0.18%	0.01%
RF	A	0.09%	0.17%	0.09%
RGA	A	0.06%	0.41%	0.06%
RGLD	C	0.04%	0.29%	0.04%
RHI	C	0.03%	0.07%	0.03%
RMD	C	0.1%	0.36%	0.1%
ROKU	D	0.03%	0.37%	0.03%
ROST	D	0.14%	0.31%	0.14%
RPM	A	0.05%	0.41%	0.05%
RPRX	D	0.04%	0.21%	0.04%
RRC	B	0.03%	0.29%	0.03%
RS	B	0.07%	0.37%	0.07%
RVTY	F	0.05%	0.25%	0.05%
RYN	D	0.02%	0.14%	0.02%
SAIC	F	0.02%	0.28%	0.02%
SAM	C	0.01%	0.28%	0.01%
SCI	B	0.05%	0.15%	0.05%
SJM	D	0.04%	0.29%	0.04%
SLGN	A	0.02%	0.1%	0.02%
SLM	A	0.02%	0.17%	0.02%
SMG	C	0.01%	0.25%	0.01%
SNA	A	0.07%	0.44%	0.07%
SNX	D	0.03%	0.28%	0.03%
SON	F	0.02%	0.14%	0.02%
SPB	C	0.01%	0.37%	0.01%
SPG	A	0.17%	0.41%	0.17%
SSNC	B	0.06%	0.35%	0.06%
STAG	D	0.03%	0.28%	0.03%
STE	D	0.08%	0.32%	0.08%
STLD	B	0.08%	0.42%	0.08%
STWD	C	0.02%	0.23%	0.02%
SWKS	F	0.05%	0.24%	0.05%
SYF	B	0.1%	0.51%	0.1%
SYY	D	0.06%	0.27%	0.06%
TAP	C	0.04%	0.42%	0.04%
TECH	F	0.04%	0.06%	0.04%
TER	F	0.01%	0.27%	0.01%
TFX	F	0.04%	0.08%	0.04%
THC	D	0.06%	0.4%	0.06%
THO	B	0.02%	0.13%	0.02%
TKR	D	0.02%	0.35%	0.02%
TNL	A	0.01%	0.07%	0.01%
TOL	B	0.06%	0.42%	0.06%
TPR	B	0.05%	0.43%	0.05%
TSN	B	0.07%	0.36%	0.07%
TXT	D	0.06%	0.13%	0.06%
TYL	B	0.01%	0.39%	0.01%
UGI	C	0.02%	0.37%	0.02%
UHS	D	0.05%	0.33%	0.05%
UI	B	0.0%	0.25%	0.0%
UNM	A	0.05%	0.5%	0.05%
USFD	A	0.06%	0.43%	0.06%
UTHR	C	0.06%	0.42%	0.06%
VICI	C	0.13%	0.33%	0.13%
VIRT	A	0.01%	0.04%	0.01%
VTRS	A	0.06%	0.38%	0.06%
WEC	A	0.12%	0.39%	0.12%
WEN	D	0.01%	0.13%	0.01%
WLK	D	0.02%	0.31%	0.02%
WMB	A	0.27%	0.47%	0.27%
WPC	C	0.05%	0.22%	0.05%
WSM	C	0.03%	0.31%	0.03%
WST	C	0.04%	0.28%	0.04%
WTM	A	0.02%	0.13%	0.02%
WU	F	0.01%	0.04%	0.01%
WY	F	0.09%	0.31%	0.09%
X	B	0.03%	0.33%	0.03%
XEL	A	0.15%	0.41%	0.15%
XRAY	F	0.01%	0.09%	0.01%
ZION	B	0.03%	0.09%	0.03%

IWD Overweight 546 Positions Relative to JPME

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.74%
XOM	B	2.08%
UNH	B	1.98%
JNJ	C	1.45%
WMT	A	1.42%
BAC	A	1.23%
PG	C	1.21%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	B	0.86%
LIN	C	0.84%
DIS	B	0.82%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
IBM	C	0.73%
VZ	C	0.68%
ABBV	F	0.65%
CMCSA	B	0.64%
TXN	C	0.63%
CAT	B	0.63%
T	A	0.63%
NEE	C	0.61%
SPGI	C	0.61%
RTX	D	0.61%
LOW	C	0.6%
BLK	B	0.6%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
PFE	F	0.55%
GS	A	0.53%
COP	C	0.51%
C	A	0.51%
BSX	A	0.5%
HON	C	0.49%
CB	C	0.45%
MDT	D	0.44%
TMUS	B	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
PLD	F	0.41%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
INTC	C	0.4%
SYK	B	0.39%
DE	B	0.39%
AXP	A	0.39%
UPS	C	0.38%
MMC	B	0.37%
MO	A	0.37%
SO	C	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
PYPL	B	0.34%
ICE	C	0.34%
CME	B	0.32%
CI	D	0.32%
HD	B	0.32%
WELL	A	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	D	0.31%
EQIX	A	0.31%
BA	F	0.31%
EOG	A	0.3%
LMT	D	0.3%
USB	A	0.3%
ELV	F	0.3%
AMD	F	0.29%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
REGN	F	0.28%
EMR	B	0.28%
NOC	D	0.27%
CSX	C	0.27%
MRVL	B	0.27%
COF	C	0.27%
APD	A	0.27%
TGT	F	0.27%
FDX	B	0.26%
CVS	D	0.26%
CRH	A	0.26%
GM	C	0.25%
MAR	A	0.25%
BDX	F	0.25%
TT	A	0.24%
FCX	F	0.24%
SLB	C	0.24%
TFC	A	0.24%
CARR	C	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
ROP	B	0.23%
NSC	B	0.23%
CEG	C	0.23%
TRV	B	0.23%
VRTX	D	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	B	0.22%
PCAR	B	0.22%
BK	A	0.22%
TDG	D	0.21%
PSX	C	0.21%
ITW	B	0.2%
AEP	C	0.2%
D	C	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	0.19%
O	C	0.19%
FIS	C	0.19%
MSTR	B	0.19%
PSA	C	0.18%
CCI	C	0.18%
PRU	A	0.18%
PEP	F	0.18%
CRM	B	0.18%
LHX	C	0.18%
NEM	D	0.18%
HWM	A	0.17%
RSG	A	0.17%
EA	A	0.17%
F	C	0.17%
ALL	A	0.17%
MCK	A	0.17%
VLO	C	0.17%
OTIS	C	0.16%
IR	B	0.16%
DAL	B	0.16%
URI	C	0.16%
MSI	B	0.16%
FERG	B	0.15%
STZ	D	0.15%
CTSH	B	0.15%
APH	A	0.14%
NKE	F	0.14%
KDP	F	0.14%
RCL	A	0.14%
NDAQ	A	0.13%
EW	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
AMGN	F	0.13%
MLM	C	0.13%
WAB	B	0.13%
CL	D	0.13%
DD	C	0.13%
EXR	C	0.13%
GPN	B	0.12%
HLT	A	0.12%
ROK	C	0.12%
UAL	A	0.12%
DELL	B	0.12%
RJF	A	0.12%
TTWO	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
WTW	B	0.12%
SQ	A	0.11%
VMC	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
PPG	F	0.11%
STT	B	0.11%
CSGP	D	0.11%
XYL	D	0.11%
MTD	F	0.1%
SBUX	A	0.1%
VTR	B	0.1%
TROW	B	0.1%
AWK	C	0.1%
FTV	C	0.1%
KMB	C	0.1%
SW	A	0.1%
WBD	B	0.09%
ZBH	C	0.09%
YUM	D	0.09%
CINF	A	0.09%
PGR	A	0.09%
EQT	B	0.09%
SBAC	D	0.09%
CCL	A	0.09%
EFX	F	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	A	0.08%
FSLR	F	0.08%
WDC	D	0.08%
INVH	D	0.08%
ZM	C	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
ILMN	C	0.08%
EXE	A	0.08%
APO	B	0.08%
ES	C	0.08%
TDY	B	0.08%
MKL	A	0.07%
CVNA	B	0.07%
GPC	D	0.07%
TRMB	B	0.07%
PNR	A	0.07%
J	D	0.07%
TRU	D	0.07%
WRB	A	0.07%
WSO	A	0.07%
ARE	F	0.07%
BALL	F	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
EWBC	A	0.06%
VRSN	C	0.06%
HES	B	0.06%
APTV	F	0.06%
ACM	B	0.06%
UDR	B	0.06%
DOC	C	0.06%
AMCR	C	0.06%
JBHT	C	0.06%
SUI	C	0.06%
ZBRA	B	0.06%
BAX	F	0.06%
DG	F	0.06%
Z	A	0.05%
SOFI	B	0.05%
FDS	B	0.05%
MRNA	F	0.05%
BMRN	F	0.05%
NTNX	B	0.05%
FTI	A	0.05%
ALLE	C	0.05%
ALB	B	0.05%
BXP	C	0.05%
EPAM	B	0.05%
COHR	B	0.05%
JKHY	D	0.05%
CHRW	B	0.05%
DLTR	F	0.05%
ELS	C	0.05%
AFRM	A	0.05%
SWK	D	0.05%
TWLO	A	0.05%
RNR	C	0.05%
CW	C	0.05%
FFIV	B	0.05%
VLTO	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TW	A	0.04%
GMED	A	0.04%
BWXT	B	0.04%
DCI	B	0.04%
SOLV	D	0.04%
PNFP	B	0.04%
EL	F	0.04%
CNH	C	0.04%
CRL	D	0.04%
COIN	C	0.04%
MKTX	D	0.04%
DPZ	C	0.04%
GL	C	0.04%
WAL	B	0.04%
WTRG	B	0.04%
ARMK	B	0.04%
AES	F	0.04%
NLY	C	0.04%
GME	C	0.04%
LAD	A	0.04%
DAY	B	0.04%
LKQ	F	0.04%
BLD	D	0.04%
WWD	C	0.04%
WBS	A	0.04%
BKNG	A	0.04%
FOXA	A	0.04%
CCK	D	0.04%
EVR	B	0.04%
CTLT	C	0.04%
FWONK	A	0.04%
NWSA	A	0.04%
FTNT	C	0.04%
QCOM	F	0.04%
CG	B	0.04%
AA	A	0.04%
FHN	A	0.04%
RRX	B	0.04%
AMAT	F	0.04%
KMX	B	0.04%
SF	B	0.04%
AIZ	A	0.04%
BJ	A	0.04%
COLB	B	0.03%
CGNX	D	0.03%
FAF	A	0.03%
IVZ	B	0.03%
BILL	A	0.03%
OKTA	C	0.03%
AZPN	A	0.03%
WEX	D	0.03%
HR	B	0.03%
VMI	B	0.03%
MKSI	C	0.03%
ALK	B	0.03%
WH	B	0.03%
DAR	C	0.03%
FCN	F	0.03%
FND	D	0.03%
MTSI	B	0.03%
GXO	B	0.03%
RLI	A	0.03%
SSD	F	0.03%
ATI	C	0.03%
ALGN	D	0.03%
ESAB	C	0.03%
VFC	C	0.03%
OSK	C	0.03%
BBWI	C	0.03%
AGNC	C	0.03%
VNO	C	0.03%
KBR	F	0.03%
CART	C	0.03%
MIDD	C	0.03%
SKX	D	0.03%
MHK	D	0.03%
LW	C	0.03%
DASH	B	0.03%
MNST	C	0.03%
ADC	A	0.03%
KEX	B	0.03%
HII	F	0.03%
BERY	C	0.03%
FLS	B	0.03%
G	B	0.03%
SHW	B	0.03%
MTCH	D	0.03%
CHRD	D	0.03%
CZR	F	0.03%
SNV	C	0.03%
ECL	D	0.03%
TKO	A	0.03%
SEIC	B	0.03%
APG	B	0.03%
CFR	B	0.03%
WAT	C	0.03%
RIVN	F	0.03%
VOYA	B	0.03%
FICO	B	0.03%
RL	C	0.03%
GPK	C	0.03%
NYT	D	0.03%
MTZ	B	0.03%
CBSH	B	0.03%
TTC	C	0.03%
WTFC	A	0.03%
WYNN	C	0.03%
GWRE	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
KNX	C	0.03%
ADP	A	0.03%
HLI	A	0.03%
AXTA	B	0.03%
WCC	B	0.03%
PTC	B	0.03%
OGN	F	0.02%
LINE	F	0.02%
SITE	F	0.02%
TPG	A	0.02%
GTES	A	0.02%
GFS	C	0.02%
KMPR	A	0.02%
GAP	C	0.02%
AWI	A	0.02%
PSN	D	0.02%
WSC	F	0.02%
EEFT	B	0.02%
DBX	B	0.02%
AZO	C	0.02%
ST	F	0.02%
ROIV	C	0.02%
AL	B	0.02%
BFAM	D	0.02%
OZK	B	0.02%
SN	D	0.02%
CCCS	B	0.02%
LEA	F	0.02%
EXAS	D	0.02%
GNRC	C	0.02%
ORLY	B	0.02%
RITM	C	0.02%
BC	C	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
PVH	C	0.02%
FOX	A	0.02%
H	B	0.02%
WMS	F	0.02%
JHG	B	0.02%
SAIA	B	0.02%
THG	A	0.02%
AGCO	D	0.02%
AMG	B	0.02%
ONTO	F	0.02%
LNC	C	0.02%
VNT	C	0.02%
LFUS	D	0.02%
WHR	B	0.02%
RGEN	D	0.02%
S	B	0.02%
ARW	D	0.02%
WBA	F	0.02%
BEN	C	0.02%
BIO	C	0.02%
MTDR	B	0.02%
COLD	D	0.02%
NOV	C	0.02%
SIRI	C	0.02%
KD	B	0.02%
MSA	F	0.02%
MAT	D	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
DDS	B	0.01%
SNDR	B	0.01%
TRIP	F	0.01%
LEG	F	0.01%
UA	C	0.01%
QS	F	0.01%
CLVT	D	0.01%
BIRK	D	0.01%
ALAB	B	0.01%
VSTS	C	0.01%
PSTG	D	0.01%
QDEL	F	0.01%
AZEK	A	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
LCID	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	F	0.01%
LYFT	C	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	0.01%
RCM	A	0.01%
AAP	D	0.01%
AZTA	D	0.01%
YETI	D	0.01%
JWN	D	0.01%
HAYW	B	0.01%
BR	A	0.01%
ULTA	F	0.01%
ALGM	D	0.01%
MP	C	0.01%
CPRI	F	0.01%
HHH	B	0.01%
ENOV	C	0.01%
AGR	A	0.01%
MPW	F	0.01%
BOKF	B	0.01%
COTY	F	0.01%
SEE	C	0.01%
COLM	C	0.01%
AMKR	D	0.01%
ECG	C	0.01%
U	C	0.01%
AMED	F	0.01%
MAN	F	0.01%
SNRE	D	0.01%
LLYVK	A	0.01%
BROS	A	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
LOPE	C	0.01%
BHF	C	0.01%
VAC	C	0.01%
ZI	D	0.01%
MASI	B	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	B	0.01%
PII	F	0.01%
FHB	B	0.01%
UHAL	D	0.01%
IAC	F	0.01%
NWS	A	0.01%
W	D	0.01%
PRGO	C	0.01%
VNOM	A	0.01%
CIVI	D	0.01%
NWL	C	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	0.01%
RH	C	0.01%
DXC	B	0.01%
PLNT	A	0.01%
CTAS	B	0.01%
OLED	F	0.01%
LOAR	B	0.0%
UWMC	D	0.0%
SEG	B	0.0%
PARAA	B	0.0%
NFE	D	0.0%
UHAL	D	0.0%
IONS	F	0.0%
LAZ	B	0.0%
GRAL	B	0.0%
TXG	F	0.0%
CACC	D	0.0%
PLTK	B	0.0%
DJT	C	0.0%
CHH	A	0.0%
SEB	F	0.0%
TFSL	A	0.0%
PATH	C	0.0%
WOLF	F	0.0%
LSCC	D	0.0%
FIVE	F	0.0%
HCP	B	0.0%
CAR	C	0.0%
MTN	C	0.0%
PYCR	B	0.0%
HAS	D	0.0%
FWONA	A	0.0%
AS	A	0.0%
CERT	F	0.0%
DV	C	0.0%
LBRDA	C	0.0%
NCNO	C	0.0%

IWD Underweight 21 Positions Relative to JPME

Symbol	Grade	Weight
APP	B	-1.27%
VST	A	-0.71%
TRGP	A	-0.49%
TPL	A	-0.44%
TXRH	B	-0.43%
COR	B	-0.39%
IT	C	-0.38%
DECK	A	-0.38%
DVA	C	-0.38%
MANH	D	-0.37%
VVV	D	-0.36%
CLX	A	-0.35%
TSCO	D	-0.34%
VEEV	C	-0.28%
MEDP	D	-0.28%
MPWR	F	-0.27%
NBIX	C	-0.25%
QGEN	D	-0.25%
BAH	F	-0.14%
POOL	C	-0.13%
ADTN	A	-0.03%