IWR vs. DFVX ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Dimensional US Large Cap Vector ETF (DFVX)

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 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

DFVX

Dimensional US Large Cap Vector ETF

DFVX Description

The advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The portfolio is designed to purchase a broad and diverse group of readily marketable securities of U.S. large cap companies that the advisor determines to have higher profitability and lower relative price as compared to other U.S. large cap companies at the time of purchase. As a non-fundamental policy, under normal circumstances, the portfolio will invest at least 80% of its net assets in equity securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$67.99

Average Daily Volume

14,879

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	IWR	DFVX
30 Days	6.87%	3.63%
60 Days	7.84%	4.02%
90 Days	9.96%	6.22%
12 Months	34.02%	28.45%

214 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in DFVX	Overlap
	A	D	0.31%	0.19%	0.19%
	ACGL	D	0.3%	0.14%	0.14%
	ACI	C	0.07%	0.0%	0.0%
	ACM	A	0.12%	0.02%	0.02%
	AFG	A	0.08%	0.01%	0.01%
	AFL	B	0.51%	0.09%	0.09%
	AJG	B	0.52%	0.18%	0.18%
	AKAM	D	0.11%	0.09%	0.09%
	ALGN	D	0.14%	0.0%	0.0%
	ALL	A	0.43%	0.05%	0.05%
	ALLE	D	0.1%	0.02%	0.02%
	ALLY	C	0.08%	0.01%	0.01%
	AMCR	D	0.12%	0.13%	0.12%
	AME	A	0.37%	0.24%	0.24%
	AMP	A	0.46%	0.44%	0.44%
	AOS	F	0.07%	0.05%	0.05%
	APP	B	0.63%	0.39%	0.39%
	AVY	D	0.13%	0.13%	0.13%
	BAH	F	0.16%	0.07%	0.07%
	BALL	D	0.15%	0.08%	0.08%
	BBY	D	0.16%	0.23%	0.16%
	BG	F	0.1%	0.1%	0.1%
	BJ	A	0.1%	0.01%	0.01%
	BKR	B	0.35%	0.24%	0.24%
	BLD	D	0.09%	0.03%	0.03%
	BLDR	D	0.17%	0.18%	0.17%
	BR	A	0.22%	0.1%	0.1%
	BRO	B	0.22%	0.19%	0.19%
	BURL	A	0.14%	0.13%	0.13%
	CAG	D	0.1%	0.01%	0.01%
	CASY	A	0.12%	0.13%	0.12%
	CBOE	B	0.17%	0.08%	0.08%
	CBRE	B	0.33%	0.08%	0.08%
	CDW	F	0.2%	0.13%	0.13%
	CE	F	0.07%	0.04%	0.04%
	CF	B	0.13%	0.13%	0.13%
	CHD	B	0.22%	0.09%	0.09%
	CHTR	C	0.3%	0.14%	0.14%
	CINF	A	0.19%	0.12%	0.12%
	CLH	B	0.1%	0.1%	0.1%
	CMI	A	0.41%	0.24%	0.24%
	COIN	C	0.5%	0.03%	0.03%
	COR	B	0.33%	0.08%	0.08%
	CPAY	A	0.2%	0.21%	0.2%
	CPB	D	0.07%	0.12%	0.07%
	CSL	C	0.17%	0.13%	0.13%
	CTRA	B	0.16%	0.15%	0.15%
	CTSH	B	0.32%	0.26%	0.26%
	CW	B	0.11%	0.01%	0.01%
	DAL	C	0.34%	0.39%	0.34%
	DECK	A	0.22%	0.06%	0.06%
	DFS	B	0.36%	0.31%	0.31%
	DG	F	0.14%	0.08%	0.08%
	DGX	A	0.15%	0.13%	0.13%
	DHI	D	0.39%	0.22%	0.22%
	DKS	C	0.09%	0.08%	0.08%
	DLTR	F	0.11%	0.04%	0.04%
	DOV	A	0.23%	0.09%	0.09%
	DOW	F	0.26%	0.18%	0.18%
	DRI	B	0.16%	0.19%	0.16%
	DVA	B	0.07%	0.03%	0.03%
	DVN	F	0.2%	0.22%	0.2%
	EA	A	0.36%	0.21%	0.21%
	EBAY	D	0.26%	0.24%	0.24%
	EFX	F	0.25%	0.08%	0.08%
	EG	C	0.13%	0.02%	0.02%
	EME	C	0.19%	0.23%	0.19%
	EMN	D	0.1%	0.03%	0.03%
	ENTG	D	0.12%	0.01%	0.01%
	EQH	B	0.12%	0.09%	0.09%
	EWBC	A	0.12%	0.04%	0.04%
	EXPD	D	0.14%	0.13%	0.13%
	EXPE	B	0.19%	0.1%	0.1%
	FANG	D	0.27%	0.23%	0.23%
	FAST	B	0.39%	0.26%	0.26%
	FCNCA	A	0.22%	0.15%	0.15%
	FDS	B	0.15%	0.12%	0.12%
	FFIV	B	0.11%	0.01%	0.01%
	FIS	C	0.41%	0.32%	0.32%
	FITB	A	0.26%	0.15%	0.15%
	FIX	A	0.13%	0.0%	0.0%
	FND	C	0.09%	0.01%	0.01%
	FNF	B	0.13%	0.1%	0.1%
	FOX	A	0.05%	0.03%	0.03%
	FOXA	B	0.09%	0.14%	0.09%
	FSLR	F	0.17%	0.08%	0.08%
	FTI	A	0.1%	0.0%	0.0%
	GEHC	F	0.31%	0.26%	0.26%
	GEN	B	0.13%	0.16%	0.13%
	GFS	C	0.03%	0.01%	0.01%
	GGG	B	0.12%	0.11%	0.11%
	GIS	D	0.29%	0.24%	0.24%
	GLW	B	0.29%	0.26%	0.26%
	GPC	D	0.14%	0.11%	0.11%
	GWW	B	0.42%	0.33%	0.33%
	HAL	C	0.22%	0.15%	0.15%
	HBAN	A	0.21%	0.03%	0.03%
	HES	B	0.33%	0.33%	0.33%
	HIG	B	0.28%	0.3%	0.28%
	HPE	B	0.23%	0.18%	0.18%
	HSY	F	0.21%	0.11%	0.11%
	HUBB	B	0.19%	0.1%	0.1%
	HUM	C	0.27%	0.06%	0.06%
	HWM	A	0.37%	0.13%	0.13%
	IDXX	F	0.29%	0.15%	0.15%
	IEX	B	0.14%	0.07%	0.07%
	IP	B	0.16%	0.07%	0.07%
	IPG	D	0.08%	0.05%	0.05%
	IQV	D	0.29%	0.26%	0.26%
	JBHT	C	0.12%	0.11%	0.11%
	JBL	B	0.12%	0.03%	0.03%
	JKHY	D	0.1%	0.07%	0.07%
	K	A	0.17%	0.04%	0.04%
	KEYS	A	0.21%	0.09%	0.09%
	KR	B	0.32%	0.37%	0.32%
	KVUE	A	0.38%	0.05%	0.05%
	LDOS	C	0.18%	0.05%	0.05%
	LECO	B	0.09%	0.04%	0.04%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.33%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.33%	0.0%	0.0%
	LII	A	0.16%	0.01%	0.01%
	LKQ	D	0.08%	0.01%	0.01%
	LNG	B	0.4%	0.35%	0.35%
	LPLA	A	0.19%	0.2%	0.19%
	LVS	C	0.14%	0.09%	0.09%
	LYB	F	0.18%	0.18%	0.18%
	MCHP	D	0.27%	0.23%	0.23%
	MKL	A	0.18%	0.1%	0.1%
	MLM	B	0.29%	0.17%	0.17%
	MOH	F	0.14%	0.08%	0.08%
	MRO	B	0.13%	0.08%	0.08%
	NBIX	C	0.1%	0.0%	0.0%
	NDAQ	A	0.27%	0.01%	0.01%
	NDSN	B	0.12%	0.05%	0.05%
	NRG	B	0.16%	0.14%	0.14%
	NTAP	C	0.2%	0.15%	0.15%
	NTRS	A	0.18%	0.02%	0.02%
	NUE	C	0.29%	0.23%	0.23%
	NVR	D	0.21%	0.25%	0.21%
	NVT	B	0.1%	0.01%	0.01%
	OC	A	0.14%	0.17%	0.14%
	ODFL	B	0.35%	0.25%	0.25%
	OKE	A	0.53%	0.3%	0.3%
	OMC	C	0.15%	0.15%	0.15%
	ON	D	0.23%	0.12%	0.12%
	OVV	B	0.1%	0.02%	0.02%
	PAG	B	0.02%	0.02%	0.02%
	PAYX	C	0.38%	0.28%	0.28%
	PFG	D	0.16%	0.07%	0.07%
	PFGC	B	0.11%	0.06%	0.06%
	PHM	D	0.22%	0.16%	0.16%
	PKG	A	0.17%	0.19%	0.17%
	PNR	A	0.14%	0.07%	0.07%
	POOL	C	0.11%	0.07%	0.07%
	PPG	F	0.24%	0.13%	0.13%
	PR	B	0.08%	0.01%	0.01%
	PRU	A	0.38%	0.19%	0.19%
	PWR	A	0.39%	0.11%	0.11%
	RCL	A	0.45%	0.4%	0.4%
	RF	A	0.2%	0.03%	0.03%
	RJF	A	0.25%	0.22%	0.22%
	RMD	C	0.28%	0.07%	0.07%
	RNR	C	0.11%	0.08%	0.08%
	ROK	B	0.27%	0.14%	0.14%
	ROL	B	0.12%	0.07%	0.07%
	ROST	C	0.38%	0.29%	0.29%
	RPM	A	0.14%	0.16%	0.14%
	RS	B	0.15%	0.14%	0.14%
	SAIA	B	0.11%	0.03%	0.03%
	SCI	B	0.1%	0.0%	0.0%
	SJM	D	0.09%	0.01%	0.01%
	SNA	A	0.15%	0.15%	0.15%
	SOLV	C	0.08%	0.02%	0.02%
	SSNC	B	0.13%	0.17%	0.13%
	STE	F	0.18%	0.0%	0.0%
	STLD	B	0.17%	0.19%	0.17%
	SWKS	F	0.11%	0.1%	0.1%
	SYF	B	0.21%	0.12%	0.12%
	SYY	B	0.31%	0.24%	0.24%
	TER	D	0.13%	0.04%	0.04%
	THC	D	0.12%	0.1%	0.1%
	TOL	B	0.13%	0.1%	0.1%
	TPL	A	0.21%	0.06%	0.06%
	TRGP	B	0.35%	0.25%	0.25%
	TROW	B	0.21%	0.17%	0.17%
	TRU	D	0.15%	0.04%	0.04%
	TSCO	D	0.24%	0.16%	0.16%
	TTWO	A	0.25%	0.1%	0.1%
	TXT	D	0.13%	0.02%	0.02%
	UAL	A	0.25%	0.19%	0.19%
	UHAL	D	0.05%	0.0%	0.0%
	UHAL	D	0.05%	0.07%	0.05%
	UHAL	D	0.0%	0.07%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHS	D	0.1%	0.07%	0.07%
	ULTA	F	0.14%	0.14%	0.14%
	URI	B	0.46%	0.49%	0.46%
	USFD	A	0.12%	0.1%	0.1%
	UTHR	C	0.13%	0.11%	0.11%
	VMC	B	0.3%	0.18%	0.18%
	VRT	B	0.36%	0.23%	0.23%
	VST	B	0.4%	0.35%	0.35%
	WAT	B	0.17%	0.05%	0.05%
	WLK	D	0.03%	0.02%	0.02%
	WMB	A	0.57%	0.25%	0.25%
	WMS	D	0.08%	0.02%	0.02%
	WRB	A	0.15%	0.13%	0.13%
	WSM	B	0.14%	0.15%	0.14%
	WSO	A	0.15%	0.0%	0.0%
	WTW	B	0.26%	0.06%	0.06%
	XPO	B	0.14%	0.15%	0.14%
	ZBRA	B	0.16%	0.06%	0.06%

IWR Overweight 593 Positions Relative to DFVX

	Symbol	Grade	Weight
	PLTR	B	1.09%
	HLT	A	0.5%
	BK	A	0.48%
	DLR	B	0.48%
	SPG	B	0.48%
	KMI	A	0.44%
	MSTR	C	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	O	D	0.41%
	SQ	B	0.39%
	MSCI	C	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	PCG	A	0.37%
	CCI	D	0.37%
	AXON	A	0.35%
	IR	B	0.34%
	VRSK	A	0.33%
	OTIS	C	0.33%
	FERG	B	0.33%
	CTVA	C	0.32%
	XEL	A	0.32%
	EXC	C	0.32%
	IT	C	0.32%
	YUM	B	0.31%
	DDOG	A	0.31%
	HPQ	B	0.3%
	MTB	A	0.29%
	ED	D	0.28%
	IRM	D	0.28%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	D	0.28%
	GRMN	B	0.27%
	AVB	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	WEC	A	0.26%
	VEEV	C	0.26%
	ETR	B	0.26%
	EIX	B	0.26%
	CNC	D	0.25%
	DXCM	D	0.25%
	ARES	A	0.25%
	STT	A	0.24%
	CSGP	D	0.24%
	CAH	B	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	B	0.24%
	ALNY	D	0.24%
	EQR	B	0.23%
	CPNG	D	0.23%
	AWK	D	0.22%
	FTV	C	0.22%
	SW	A	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	PPL	B	0.21%
	MTD	D	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	VLTO	D	0.21%
	ADM	D	0.21%
	VTR	C	0.21%
	GDDY	A	0.21%
	RBLX	C	0.21%
	CVNA	B	0.21%
	SBAC	D	0.2%
	FE	C	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	PTC	A	0.19%
	WY	D	0.19%
	WST	C	0.19%
	ZBH	C	0.19%
	BIIB	F	0.19%
	ZM	B	0.18%
	HOOD	B	0.18%
	ILMN	D	0.18%
	EXE	B	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	CMS	C	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	INVH	D	0.17%
	CLX	B	0.17%
	CFG	B	0.17%
	IBKR	A	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	C	0.16%
	CNP	B	0.16%
	MDB	C	0.16%
	LH	C	0.16%
	KEY	B	0.15%
	HOLX	D	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	TSN	B	0.15%
	PODD	C	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	ZS	C	0.15%
	MKC	D	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	MANH	D	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	TRMB	B	0.14%
	MAS	D	0.14%
	J	F	0.14%
	VTRS	A	0.13%
	RGA	A	0.13%
	VRSN	F	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	LNT	A	0.13%
	GWRE	A	0.13%
	DOCU	A	0.13%
	BAX	D	0.13%
	SOFI	A	0.12%
	AVTR	F	0.12%
	EVRG	A	0.12%
	APTV	D	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	PSTG	D	0.12%
	DPZ	C	0.12%
	TW	A	0.12%
	L	A	0.12%
	CHRW	C	0.11%
	GLPI	C	0.11%
	JEF	A	0.11%
	AFRM	B	0.11%
	EPAM	C	0.11%
	ELS	C	0.11%
	SWK	D	0.11%
	TPR	B	0.11%
	TXRH	C	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	BWXT	B	0.1%
	Z	A	0.1%
	UNM	A	0.1%
	OKTA	C	0.1%
	JNPR	F	0.1%
	HEI	B	0.1%
	BMRN	D	0.1%
	HST	C	0.1%
	INCY	C	0.1%
	WPC	D	0.1%
	ALB	C	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	COHR	B	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	CACI	D	0.09%
	PNW	B	0.09%
	TECH	D	0.09%
	CCK	C	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	CUBE	D	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	LAMR	D	0.09%
	TAP	C	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	AA	B	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	OWL	A	0.09%
	AIZ	A	0.09%
	SF	B	0.09%
	TFX	F	0.08%
	FBIN	D	0.08%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	SMCI	F	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	INGR	B	0.08%
	WING	D	0.08%
	ORI	A	0.08%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	B	0.08%
	SRPT	D	0.08%
	PNFP	B	0.08%
	AAL	B	0.08%
	CRL	C	0.08%
	CNH	C	0.08%
	DOX	D	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	GL	B	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	B	0.08%
	LBRDK	C	0.08%
	ARMK	B	0.08%
	EHC	B	0.08%
	MUSA	A	0.08%
	DTM	B	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	AES	F	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	EXP	A	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	HRB	D	0.07%
	RL	B	0.07%
	GPK	C	0.07%
	MOS	F	0.07%
	LNW	D	0.07%
	HRL	D	0.07%
	NYT	C	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	CMA	A	0.07%
	BRX	A	0.07%
	MGM	D	0.07%
	SNX	C	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	HSIC	B	0.07%
	AR	B	0.07%
	AXTA	A	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	AXS	A	0.06%
	MTDR	B	0.06%
	VMI	B	0.06%
	FMC	D	0.06%
	DAR	C	0.06%
	ALK	C	0.06%
	CGNX	C	0.06%
	FCN	D	0.06%
	BPOP	B	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	ESAB	B	0.06%
	MKSI	C	0.06%
	AGNC	D	0.06%
	GTLB	B	0.06%
	BBWI	D	0.06%
	OSK	B	0.06%
	VNO	B	0.06%
	S	B	0.06%
	LPX	B	0.06%
	MIDD	C	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RLI	B	0.06%
	RYAN	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	PB	A	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	C	0.06%
	SMAR	A	0.06%
	RHI	B	0.06%
	JAZZ	B	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	HII	D	0.06%
	NNN	D	0.06%
	BERY	B	0.06%
	ONTO	D	0.06%
	FLS	B	0.06%
	KBR	F	0.06%
	BWA	D	0.06%
	G	B	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	PVH	C	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	CROX	D	0.05%
	AGCO	D	0.05%
	THG	A	0.05%
	VNT	B	0.05%
	AMG	B	0.05%
	LFUS	F	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	ARW	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	D	0.05%
	SITE	D	0.05%
	OMF	A	0.05%
	ESI	A	0.05%
	SIRI	C	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	MTG	C	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	A	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	B	0.05%
	FAF	A	0.05%
	STAG	F	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	C	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	C	0.04%
	KMPR	B	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	RH	B	0.04%
	AGO	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	TKR	D	0.04%
	SON	D	0.04%
	BYD	C	0.04%
	NXST	C	0.04%
	INSP	D	0.04%
	UGI	A	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	POST	C	0.04%
	SLM	A	0.04%
	LNC	B	0.04%
	CLF	F	0.04%
	CCCS	B	0.04%
	LEA	D	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	CRUS	D	0.04%
	BC	C	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	SMG	D	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	YETI	C	0.03%
	NCNO	B	0.03%
	IRDM	D	0.03%
	EPR	D	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	PII	D	0.03%
	ACHC	F	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	NVST	B	0.03%
	SPR	D	0.03%
	W	F	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	D	0.03%
	PEGA	A	0.03%
	OGN	D	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	FLO	D	0.03%
	RARE	D	0.03%
	CHH	A	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	AN	C	0.03%
	DLB	B	0.03%
	VSTS	C	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	B	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	WU	D	0.02%
	CXT	B	0.02%
	APLS	D	0.02%
	COTY	F	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	TDC	D	0.02%
	SAM	C	0.02%
	COLM	B	0.02%
	VIRT	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	RNG	B	0.02%
	SNRE	D	0.02%
	NSA	D	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	A	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	F	0.01%
	CAR	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	NFE	D	0.0%

IWR Underweight 116 Positions Relative to DFVX

	Symbol	Grade	Weight
	AMZN	C	-5.61%
	META	D	-4.84%
	MSFT	F	-4.8%
	JPM	A	-2.79%
	GOOGL	C	-2.62%
	GOOG	C	-2.41%
	XOM	B	-2.24%
	JNJ	D	-1.76%
	V	A	-1.59%
	UNH	C	-1.56%
	PG	A	-1.45%
	WMT	A	-1.35%
	COST	B	-1.21%
	ORCL	B	-1.18%
	CVX	A	-1.1%
	CAT	B	-1.09%
	IBM	C	-1.06%
	VZ	C	-0.95%
	AXP	A	-0.94%
	PEP	F	-0.9%
	HON	B	-0.76%
	AMGN	D	-0.73%
	UNP	C	-0.71%
	ACN	C	-0.7%
	COP	C	-0.69%
	GILD	C	-0.69%
	TXN	C	-0.68%
	QCOM	F	-0.67%
	CMCSA	B	-0.67%
	LMT	D	-0.67%
	ABBV	D	-0.66%
	CSCO	B	-0.65%
	ADBE	C	-0.64%
	T	A	-0.63%
	LIN	D	-0.63%
	ADP	B	-0.59%
	ABT	B	-0.57%
	AVGO	D	-0.57%
	KO	D	-0.57%
	TMUS	B	-0.56%
	SHW	A	-0.52%
	TRV	B	-0.52%
	TJX	A	-0.51%
	DE	A	-0.5%
	GM	B	-0.45%
	TGT	F	-0.44%
	CSX	B	-0.42%
	MMC	B	-0.41%
	EOG	A	-0.41%
	BMY	B	-0.41%
	MET	A	-0.4%
	PCAR	B	-0.4%
	AMAT	F	-0.4%
	SCHW	B	-0.39%
	FI	A	-0.39%
	TMO	F	-0.37%
	FDX	B	-0.36%
	PGR	A	-0.36%
	PH	A	-0.35%
	ELV	F	-0.35%
	ETN	A	-0.35%
	ITW	B	-0.34%
	MPC	D	-0.34%
	KLAC	D	-0.34%
	UPS	C	-0.33%
	CI	F	-0.32%
	WM	A	-0.32%
	F	C	-0.32%
	LRCX	F	-0.32%
	MRK	F	-0.32%
	VLO	C	-0.3%
	NXPI	D	-0.3%
	CTAS	B	-0.29%
	AIG	B	-0.28%
	VRTX	F	-0.26%
	JCI	C	-0.25%
	ZTS	D	-0.25%
	PSX	C	-0.24%
	CMG	B	-0.23%
	ADI	D	-0.23%
	PYPL	B	-0.23%
	SYK	C	-0.22%
	MCO	B	-0.21%
	GD	F	-0.21%
	MDLZ	F	-0.21%
	STZ	D	-0.2%
	BDX	F	-0.19%
	RSG	A	-0.19%
	APD	A	-0.18%
	OXY	D	-0.17%
	MMM	D	-0.17%
	FCX	D	-0.17%
	KMB	D	-0.17%
	NOC	D	-0.16%
	APO	B	-0.16%
	CARR	D	-0.15%
	ADSK	A	-0.15%
	EW	C	-0.13%
	NSC	B	-0.13%
	NKE	D	-0.13%
	TT	A	-0.12%
	CRBG	B	-0.12%
	APH	A	-0.11%
	SLB	C	-0.11%
	LULU	C	-0.08%
	BSX	B	-0.07%
	FLEX	A	-0.07%
	ECL	D	-0.04%
	SCCO	F	-0.04%
	WMG	C	-0.03%
	AON	A	-0.03%
	MNST	C	-0.02%
	CPRT	A	-0.02%
	EL	F	-0.02%
	CVS	D	-0.02%
	MS	A	-0.01%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Nasdaq 100 Real Estate Investment Trust Electronics Banking Aerospace Bank Chemical Electricity Telecommunications Mining Medicine Insurance Products Semiconductor Biotechnology Beverage Cloud Computing

DFVX: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Oil & Gas E&P Semiconductors Specialty Retail Insurance - Property & Casualty Specialty Chemicals Capital Markets Diagnostics & Research Discount Stores Drug Manufacturers - Major Health Care Plans Software - Application Asset Management Building Materials Credit Services Engineering & Construction Household & Personal Products Information Technology Services Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Dow Jones Component Electronics Chemical Aerospace Computing Insurance Products Mining Beverage Plastic Semiconductor Bank Petroleum Industry Telecommunications Disability Medicine Oil And Gas