IWR vs. DGRO ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares Core Dividend Growth ETF (DGRO)

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

DGRO

iShares Core Dividend Growth ETF

DGRO Description

The investment seeks to track the investment results of the Morningstar® U.S. Dividend Growth IndexSM. The index is a dividend dollars weighted index that seeks to measure the performance of U.S. companies selected based on a consistent history of growing dividends. The index is a subset of the Morningstar® U.S. Market IndexSM, which is a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index.

Grade (RS Rating)

Last Trade

$64.26

Average Daily Volume

1,580,894

Number of Holdings ^*

412

* may have additional holdings in another (foreign) market

Performance

Period	IWR	DGRO
30 Days	6.87%	1.89%
60 Days	7.84%	3.05%
90 Days	9.96%	5.27%
12 Months	34.02%	28.56%

242 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in DGRO	Overlap
	A	D	0.31%	0.06%	0.06%
	AAON	B	0.08%	0.01%	0.01%
	ADM	D	0.21%	0.2%	0.2%
	AEE	A	0.2%	0.18%	0.18%
	AES	F	0.08%	0.09%	0.08%
	AFG	A	0.08%	0.05%	0.05%
	AFL	B	0.51%	0.24%	0.24%
	AGCO	D	0.05%	0.02%	0.02%
	AGO	B	0.04%	0.02%	0.02%
	AIZ	A	0.09%	0.04%	0.04%
	AJG	B	0.52%	0.12%	0.12%
	AL	B	0.04%	0.02%	0.02%
	ALB	C	0.1%	0.05%	0.05%
	ALL	A	0.43%	0.23%	0.23%
	ALLE	D	0.1%	0.04%	0.04%
	AME	A	0.37%	0.07%	0.07%
	AMP	A	0.46%	0.17%	0.17%
	AMTM	D	0.03%	0.01%	0.01%
	AOS	F	0.07%	0.03%	0.03%
	ARES	A	0.25%	0.19%	0.19%
	ASH	D	0.03%	0.02%	0.02%
	ATO	A	0.18%	0.12%	0.12%
	ATR	B	0.09%	0.03%	0.03%
	AVT	C	0.04%	0.03%	0.03%
	AVY	D	0.13%	0.06%	0.06%
	AWI	A	0.06%	0.01%	0.01%
	AWK	D	0.22%	0.12%	0.12%
	AXS	A	0.06%	0.04%	0.04%
	BAH	F	0.16%	0.06%	0.06%
	BAX	D	0.13%	0.11%	0.11%
	BC	C	0.04%	0.03%	0.03%
	BK	A	0.48%	0.36%	0.36%
	BOKF	B	0.02%	0.01%	0.01%
	BPOP	B	0.06%	0.04%	0.04%
	BR	A	0.22%	0.09%	0.09%
	BRO	B	0.22%	0.03%	0.03%
	BWXT	B	0.1%	0.03%	0.03%
	CAH	B	0.24%	0.12%	0.12%
	CASY	A	0.12%	0.02%	0.02%
	CBSH	A	0.07%	0.04%	0.04%
	CDW	F	0.2%	0.06%	0.06%
	CE	F	0.07%	0.04%	0.04%
	CFR	B	0.07%	0.07%	0.07%
	CGNX	C	0.06%	0.01%	0.01%
	CHD	B	0.22%	0.07%	0.07%
	CHDN	B	0.08%	0.01%	0.01%
	CHE	D	0.07%	0.01%	0.01%
	CHRW	C	0.11%	0.07%	0.07%
	CINF	A	0.19%	0.13%	0.13%
	CMA	A	0.07%	0.11%	0.07%
	CMI	A	0.41%	0.28%	0.28%
	CMS	C	0.17%	0.14%	0.14%
	COLM	B	0.02%	0.01%	0.01%
	COR	B	0.33%	0.08%	0.08%
	CRI	D	0.02%	0.02%	0.02%
	CSL	C	0.17%	0.05%	0.05%
	CTVA	C	0.32%	0.1%	0.1%
	CW	B	0.11%	0.01%	0.01%
	DCI	B	0.08%	0.03%	0.03%
	DDS	B	0.01%	0.0%	0.0%
	DFS	B	0.36%	0.22%	0.22%
	DG	F	0.14%	0.11%	0.11%
	DGX	A	0.15%	0.08%	0.08%
	DHI	D	0.39%	0.07%	0.07%
	DKS	C	0.09%	0.06%	0.06%
	DLB	B	0.03%	0.02%	0.02%
	DOV	A	0.23%	0.07%	0.07%
	DPZ	C	0.12%	0.05%	0.05%
	DTE	C	0.2%	0.19%	0.19%
	EBAY	D	0.26%	0.13%	0.13%
	ECG	C	0.02%	0.01%	0.01%
	ED	D	0.28%	0.24%	0.24%
	EG	C	0.13%	0.08%	0.08%
	EIX	B	0.26%	0.27%	0.26%
	EMN	D	0.1%	0.09%	0.09%
	EQH	B	0.12%	0.06%	0.06%
	ES	D	0.18%	0.21%	0.18%
	ETR	B	0.26%	0.26%	0.26%
	EVR	B	0.09%	0.03%	0.03%
	EWBC	A	0.12%	0.09%	0.09%
	EXPD	D	0.14%	0.05%	0.05%
	FAF	A	0.05%	0.05%	0.05%
	FAST	B	0.39%	0.24%	0.24%
	FBIN	D	0.08%	0.03%	0.03%
	FDS	B	0.15%	0.04%	0.04%
	FERG	B	0.33%	0.16%	0.16%
	FIS	C	0.41%	0.19%	0.19%
	FIX	A	0.13%	0.01%	0.01%
	FLO	D	0.03%	0.04%	0.03%
	FMC	D	0.06%	0.06%	0.06%
	FNF	B	0.13%	0.12%	0.12%
	G	B	0.06%	0.03%	0.03%
	GGG	B	0.12%	0.04%	0.04%
	GL	B	0.08%	0.02%	0.02%
	GLW	B	0.29%	0.22%	0.22%
	GNTX	C	0.06%	0.03%	0.03%
	GPC	D	0.14%	0.12%	0.12%
	GRMN	B	0.27%	0.12%	0.12%
	GWW	B	0.42%	0.1%	0.1%
	HEI	B	0.1%	0.0%	0.0%
	HEI	B	0.14%	0.0%	0.0%
	HEI	B	0.1%	0.0%	0.0%
	HEI	B	0.14%	0.0%	0.0%
	HIG	B	0.28%	0.13%	0.13%
	HII	D	0.06%	0.04%	0.04%
	HLI	B	0.08%	0.03%	0.03%
	HPQ	B	0.3%	0.27%	0.27%
	HRB	D	0.07%	0.04%	0.04%
	HRL	D	0.07%	0.07%	0.07%
	HSY	F	0.21%	0.16%	0.16%
	HUBB	B	0.19%	0.07%	0.07%
	HUM	C	0.27%	0.08%	0.08%
	IDA	A	0.05%	0.04%	0.04%
	IEX	B	0.14%	0.06%	0.06%
	INGR	B	0.08%	0.05%	0.05%
	IPG	D	0.08%	0.1%	0.08%
	IR	B	0.34%	0.01%	0.01%
	ITT	A	0.1%	0.03%	0.03%
	J	F	0.14%	0.03%	0.03%
	JBHT	C	0.12%	0.04%	0.04%
	JEF	A	0.11%	0.07%	0.07%
	JKHY	D	0.1%	0.04%	0.04%
	K	A	0.17%	0.14%	0.14%
	KNSL	B	0.08%	0.0%	0.0%
	KR	B	0.32%	0.22%	0.22%
	LAD	A	0.08%	0.02%	0.02%
	LECO	B	0.09%	0.04%	0.04%
	LFUS	F	0.05%	0.02%	0.02%
	LHX	C	0.38%	0.22%	0.22%
	LII	A	0.16%	0.04%	0.04%
	LNT	A	0.13%	0.12%	0.12%
	LPX	B	0.06%	0.02%	0.02%
	LSTR	D	0.05%	0.01%	0.01%
	LW	C	0.09%	0.06%	0.06%
	MAN	D	0.02%	0.03%	0.02%
	MAS	D	0.14%	0.06%	0.06%
	MCHP	D	0.27%	0.18%	0.18%
	MDU	D	0.03%	0.02%	0.02%
	MKC	D	0.15%	0.09%	0.09%
	MKTX	D	0.08%	0.03%	0.03%
	MLM	B	0.29%	0.05%	0.05%
	MORN	B	0.07%	0.01%	0.01%
	MOS	F	0.07%	0.07%	0.07%
	MPWR	F	0.22%	0.03%	0.03%
	MSA	D	0.05%	0.02%	0.02%
	MSCI	C	0.38%	0.12%	0.12%
	MSM	C	0.03%	0.04%	0.03%
	MTB	A	0.29%	0.27%	0.27%
	MTG	C	0.05%	0.03%	0.03%
	NDAQ	A	0.27%	0.09%	0.09%
	NDSN	B	0.12%	0.04%	0.04%
	NFG	A	0.05%	0.04%	0.04%
	NI	A	0.14%	0.12%	0.12%
	NTAP	C	0.2%	0.1%	0.1%
	NTRS	A	0.18%	0.17%	0.17%
	NUE	C	0.29%	0.13%	0.13%
	NVT	B	0.1%	0.03%	0.03%
	NXST	C	0.04%	0.05%	0.04%
	NYT	C	0.07%	0.02%	0.02%
	OC	A	0.14%	0.06%	0.06%
	ODFL	B	0.35%	0.05%	0.05%
	OLED	D	0.06%	0.01%	0.01%
	OMC	C	0.15%	0.12%	0.12%
	ORI	A	0.08%	0.07%	0.07%
	OSK	B	0.06%	0.03%	0.03%
	OTIS	C	0.33%	0.15%	0.15%
	OVV	B	0.1%	0.08%	0.08%
	OZK	B	0.04%	0.05%	0.04%
	PAG	B	0.02%	0.02%	0.02%
	PB	A	0.06%	0.06%	0.06%
	PEG	A	0.37%	0.3%	0.3%
	PFG	D	0.16%	0.17%	0.16%
	PHM	D	0.22%	0.04%	0.04%
	PII	D	0.03%	0.03%	0.03%
	PNR	A	0.14%	0.04%	0.04%
	PNW	B	0.09%	0.09%	0.09%
	POOL	C	0.11%	0.04%	0.04%
	PPG	F	0.24%	0.14%	0.14%
	PRGO	B	0.03%	0.03%	0.03%
	PRI	A	0.09%	0.03%	0.03%
	PWR	A	0.39%	0.02%	0.02%
	R	B	0.06%	0.04%	0.04%
	RGA	A	0.13%	0.06%	0.06%
	RGLD	C	0.08%	0.02%	0.02%
	RHI	B	0.06%	0.06%	0.06%
	RJF	A	0.25%	0.11%	0.11%
	RLI	B	0.06%	0.01%	0.01%
	RMD	C	0.28%	0.07%	0.07%
	RNR	C	0.11%	0.02%	0.02%
	ROK	B	0.27%	0.15%	0.15%
	ROST	C	0.38%	0.1%	0.1%
	RPM	A	0.14%	0.06%	0.06%
	RRX	B	0.09%	0.02%	0.02%
	RS	B	0.15%	0.06%	0.06%
	SCI	B	0.1%	0.04%	0.04%
	SEIC	B	0.07%	0.03%	0.03%
	SF	B	0.09%	0.05%	0.05%
	SIRI	C	0.05%	0.01%	0.01%
	SJM	D	0.09%	0.1%	0.09%
	SLGN	A	0.04%	0.02%	0.02%
	SNA	A	0.15%	0.12%	0.12%
	SNX	C	0.07%	0.02%	0.02%
	SON	D	0.04%	0.04%	0.04%
	SSD	D	0.06%	0.01%	0.01%
	SSNC	B	0.13%	0.05%	0.05%
	STE	F	0.18%	0.04%	0.04%
	STLD	B	0.17%	0.08%	0.08%
	STT	A	0.24%	0.22%	0.22%
	SWK	D	0.11%	0.1%	0.1%
	SWKS	F	0.11%	0.08%	0.08%
	SYF	B	0.21%	0.13%	0.13%
	SYY	B	0.31%	0.23%	0.23%
	THG	A	0.05%	0.03%	0.03%
	THO	B	0.05%	0.02%	0.02%
	TKR	D	0.04%	0.02%	0.02%
	TPL	A	0.21%	0.04%	0.04%
	TSCO	D	0.24%	0.11%	0.11%
	TTC	D	0.07%	0.03%	0.03%
	TTEK	F	0.09%	0.01%	0.01%
	TXRH	C	0.11%	0.05%	0.05%
	UNM	A	0.1%	0.08%	0.08%
	VMC	B	0.3%	0.07%	0.07%
	VOYA	B	0.07%	0.05%	0.05%
	VRSK	A	0.33%	0.05%	0.05%
	VST	B	0.4%	0.11%	0.11%
	WAL	B	0.08%	0.04%	0.04%
	WEC	A	0.26%	0.25%	0.25%
	WING	D	0.08%	0.01%	0.01%
	WLK	D	0.03%	0.02%	0.02%
	WMS	D	0.08%	0.01%	0.01%
	WRB	A	0.15%	0.02%	0.02%
	WSM	B	0.14%	0.06%	0.06%
	WSO	A	0.15%	0.1%	0.1%
	WST	C	0.19%	0.01%	0.01%
	WTFC	A	0.07%	0.04%	0.04%
	WTRG	B	0.08%	0.07%	0.07%
	WTW	B	0.26%	0.09%	0.09%
	XEL	A	0.32%	0.3%	0.3%
	XRAY	F	0.03%	0.02%	0.02%
	XYL	D	0.24%	0.07%	0.07%
	YUM	B	0.31%	0.17%	0.17%
	ZION	B	0.07%	0.07%	0.07%

IWR Overweight 563 Positions Relative to DGRO

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	WMB	A	0.57%
	OKE	A	0.53%
	COIN	C	0.5%
	HLT	A	0.5%
	DLR	B	0.48%
	SPG	B	0.48%
	URI	B	0.46%
	RCL	A	0.45%
	KMI	A	0.44%
	MSTR	C	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	O	D	0.41%
	LNG	B	0.4%
	SQ	B	0.39%
	KVUE	A	0.38%
	PRU	A	0.38%
	PAYX	C	0.38%
	PCG	A	0.37%
	CCI	D	0.37%
	HWM	A	0.37%
	EA	A	0.36%
	VRT	B	0.36%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	DAL	C	0.34%
	CBRE	B	0.33%
	LEN	D	0.33%
	HES	B	0.33%
	CTSH	B	0.32%
	EXC	C	0.32%
	IT	C	0.32%
	GEHC	F	0.31%
	DDOG	A	0.31%
	CHTR	C	0.3%
	ACGL	D	0.3%
	IDXX	F	0.29%
	IQV	D	0.29%
	GIS	D	0.29%
	IRM	D	0.28%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	D	0.28%
	AVB	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	FANG	D	0.27%
	DOW	F	0.26%
	VEEV	C	0.26%
	FITB	A	0.26%
	UAL	A	0.25%
	CNC	D	0.25%
	DXCM	D	0.25%
	EFX	F	0.25%
	TTWO	A	0.25%
	CSGP	D	0.24%
	ANSS	B	0.24%
	GPN	B	0.24%
	ALNY	D	0.24%
	HPE	B	0.23%
	EQR	B	0.23%
	ON	D	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	FCNCA	A	0.22%
	FTV	C	0.22%
	SW	A	0.22%
	DECK	A	0.22%
	NET	B	0.22%
	PPL	B	0.21%
	MTD	D	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	VLTO	D	0.21%
	HBAN	A	0.21%
	VTR	C	0.21%
	GDDY	A	0.21%
	RBLX	C	0.21%
	NVR	D	0.21%
	TROW	B	0.21%
	KEYS	A	0.21%
	CVNA	B	0.21%
	SBAC	D	0.2%
	FE	C	0.2%
	DVN	F	0.2%
	RF	A	0.2%
	CCL	B	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WY	D	0.19%
	EXPE	B	0.19%
	ZBH	C	0.19%
	EME	C	0.19%
	BIIB	F	0.19%
	LPLA	A	0.19%
	ZM	B	0.18%
	HOOD	B	0.18%
	LYB	F	0.18%
	ILMN	D	0.18%
	EXE	B	0.18%
	LDOS	C	0.18%
	TDY	B	0.18%
	MKL	A	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	INVH	D	0.17%
	CLX	B	0.17%
	PKG	A	0.17%
	CBOE	B	0.17%
	WAT	B	0.17%
	CFG	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	IBKR	A	0.16%
	NRG	B	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	C	0.16%
	CNP	B	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	LH	C	0.16%
	DRI	B	0.16%
	BBY	D	0.16%
	IP	B	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%
	TRU	D	0.15%
	BALL	D	0.15%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	LVS	C	0.14%
	PINS	D	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	ULTA	F	0.14%
	VTRS	A	0.13%
	VRSN	F	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	TOL	B	0.13%
	GWRE	A	0.13%
	UTHR	C	0.13%
	CF	B	0.13%
	TXT	D	0.13%
	MRO	B	0.13%
	TER	D	0.13%
	DOCU	A	0.13%
	GEN	B	0.13%
	ROL	B	0.12%
	SOFI	A	0.12%
	AVTR	F	0.12%
	JBL	B	0.12%
	EVRG	A	0.12%
	APTV	D	0.12%
	ACM	A	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	USFD	A	0.12%
	THC	D	0.12%
	PSTG	D	0.12%
	TW	A	0.12%
	L	A	0.12%
	PFGC	B	0.11%
	GLPI	C	0.11%
	DLTR	F	0.11%
	AFRM	B	0.11%
	EPAM	C	0.11%
	ELS	C	0.11%
	TPR	B	0.11%
	AKAM	D	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	SAIA	B	0.11%
	FFIV	B	0.11%
	BJ	A	0.1%
	Z	A	0.1%
	UHS	D	0.1%
	NBIX	C	0.1%
	OKTA	C	0.1%
	JNPR	F	0.1%
	BMRN	D	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	INCY	C	0.1%
	WPC	D	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	JLL	D	0.1%
	COHR	B	0.1%
	CLH	B	0.1%
	CAG	D	0.1%
	BG	F	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	CACI	D	0.09%
	FOXA	B	0.09%
	TECH	D	0.09%
	CCK	C	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	FND	C	0.09%
	CUBE	D	0.09%
	NWSA	B	0.09%
	LAMR	D	0.09%
	TAP	C	0.09%
	BLD	D	0.09%
	CG	A	0.09%
	AA	B	0.09%
	FHN	A	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	DUOL	A	0.09%
	NCLH	B	0.09%
	OWL	A	0.09%
	TFX	F	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	SMCI	F	0.08%
	WYNN	D	0.08%
	SOLV	C	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%
	PR	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%
	ALLY	C	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	EXP	A	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	DVA	B	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	PLNT	A	0.07%
	CPB	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	RL	B	0.07%
	GPK	C	0.07%
	LNW	D	0.07%
	MTZ	B	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	BRX	A	0.07%
	MGM	D	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%
	REXR	F	0.07%
	MTN	C	0.06%
	H	B	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	MTDR	B	0.06%
	VMI	B	0.06%
	DAR	C	0.06%
	ALK	C	0.06%
	FCN	D	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	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%
	VNO	B	0.06%
	S	B	0.06%
	MIDD	C	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RYAN	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	KEX	C	0.06%
	SMAR	A	0.06%
	JAZZ	B	0.06%
	ADC	B	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%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	PVH	C	0.05%
	FOX	A	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	CROX	D	0.05%
	VNT	B	0.05%
	AMG	B	0.05%
	FNB	A	0.05%
	WFRD	D	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%
	UHAL	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%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	A	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	B	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%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	LOPE	B	0.04%
	RH	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	BYD	C	0.04%
	INSP	D	0.04%
	UGI	A	0.04%
	BROS	B	0.04%
	CIVI	D	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%
	WEN	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%
	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%
	DNB	B	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	PEGA	A	0.03%
	OGN	D	0.03%
	LINE	F	0.03%
	HOG	D	0.03%
	RARE	D	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	AN	C	0.03%
	VSTS	C	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%
	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%
	VIRT	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	AMED	F	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%
	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%
	LEN	D	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	D	0.0%

IWR Underweight 172 Positions Relative to DGRO

	Symbol	Grade	Weight
	JPM	A	-3.24%
	XOM	B	-3.04%
	CVX	A	-2.95%
	MSFT	F	-2.83%
	AAPL	C	-2.79%
	JNJ	D	-2.54%
	AVGO	D	-2.28%
	HD	A	-2.24%
	ABBV	D	-2.12%
	PG	A	-2.11%
	UNH	C	-1.77%
	BAC	A	-1.77%
	CSCO	B	-1.72%
	PEP	F	-1.53%
	KO	D	-1.5%
	MRK	F	-1.49%
	MS	A	-1.46%
	IBM	C	-1.37%
	BMY	B	-1.29%
	CMCSA	B	-1.21%
	C	A	-1.17%
	UPS	C	-1.13%
	GS	A	-1.12%
	MCD	D	-1.11%
	GILD	C	-0.96%
	AMGN	D	-0.94%
	COP	C	-0.91%
	WMT	A	-0.88%
	NEE	D	-0.88%
	ABT	B	-0.87%
	V	A	-0.86%
	QCOM	F	-0.83%
	BLK	C	-0.82%
	LLY	F	-0.81%
	MDT	D	-0.79%
	RTX	C	-0.76%
	ACN	C	-0.74%
	HON	B	-0.72%
	CAT	B	-0.72%
	UNP	C	-0.71%
	DUK	C	-0.71%
	SO	D	-0.71%
	PNC	B	-0.68%
	ORCL	B	-0.68%
	LOW	D	-0.65%
	LIN	D	-0.59%
	SBUX	A	-0.59%
	LMT	D	-0.57%
	ADP	B	-0.56%
	EOG	A	-0.54%
	MA	C	-0.53%
	TGT	F	-0.49%
	COST	B	-0.47%
	PSX	C	-0.46%
	MDLZ	F	-0.45%
	ITW	B	-0.42%
	AXP	A	-0.41%
	APD	A	-0.41%
	ETN	A	-0.41%
	AEP	D	-0.4%
	SRE	A	-0.4%
	CME	A	-0.39%
	NKE	D	-0.39%
	ADI	D	-0.38%
	MMC	B	-0.36%
	EMR	A	-0.35%
	KMB	D	-0.35%
	CL	D	-0.33%
	MET	A	-0.33%
	CB	C	-0.32%
	GD	F	-0.31%
	NSC	B	-0.29%
	SYK	C	-0.28%
	AMAT	F	-0.27%
	NOC	D	-0.26%
	WM	A	-0.26%
	INTU	C	-0.25%
	TRV	B	-0.25%
	SPGI	C	-0.25%
	ELV	F	-0.25%
	BDX	F	-0.24%
	CSX	B	-0.23%
	ICE	C	-0.23%
	PH	A	-0.23%
	LRCX	F	-0.22%
	NXPI	D	-0.22%
	TT	A	-0.2%
	TEL	B	-0.19%
	ZTS	D	-0.17%
	MSI	B	-0.17%
	PCAR	B	-0.17%
	SHW	A	-0.16%
	KLAC	D	-0.15%
	AON	A	-0.15%
	APH	A	-0.14%
	STZ	D	-0.14%
	CTAS	B	-0.13%
	ECL	D	-0.13%
	DHR	F	-0.13%
	MCO	B	-0.12%
	TMO	F	-0.11%
	HCA	F	-0.1%
	MCK	B	-0.1%
	RSG	A	-0.1%
	ROP	B	-0.07%
	GBCI	B	-0.05%
	POR	C	-0.05%
	TXNM	A	-0.04%
	NJR	A	-0.04%
	SR	A	-0.04%
	HOMB	A	-0.04%
	SSB	B	-0.04%
	LCII	C	-0.03%
	ESNT	D	-0.03%
	UCB	A	-0.03%
	CATY	B	-0.03%
	FFIN	B	-0.03%
	KTB	B	-0.03%
	OGS	A	-0.03%
	AWR	B	-0.02%
	NSP	D	-0.02%
	LANC	C	-0.02%
	HI	C	-0.02%
	CADE	B	-0.02%
	MGEE	C	-0.02%
	SFBS	B	-0.02%
	OTTR	C	-0.02%
	AIT	A	-0.02%
	UMBF	B	-0.02%
	CNO	A	-0.02%
	WD	D	-0.02%
	GATX	A	-0.02%
	UFPI	B	-0.02%
	SIGI	C	-0.02%
	HLNE	B	-0.02%
	FBP	B	-0.02%
	ERIE	D	-0.02%
	AVNT	B	-0.02%
	CBT	C	-0.02%
	KWR	C	-0.01%
	GOLF	B	-0.01%
	AIN	C	-0.01%
	BCPC	B	-0.01%
	BCC	B	-0.01%
	GPI	A	-0.01%
	BRC	D	-0.01%
	IOSP	B	-0.01%
	WHD	B	-0.01%
	BMI	B	-0.01%
	FELE	B	-0.01%
	FUL	F	-0.01%
	BANF	B	-0.01%
	POWI	D	-0.01%
	JJSF	B	-0.01%
	TEX	D	-0.01%
	MGRC	B	-0.01%
	WTS	B	-0.01%
	RUSHA	C	-0.01%
	EXPO	D	-0.01%
	FCFS	F	-0.01%
	WDFC	B	-0.01%
	SHOO	D	-0.01%
	IPAR	B	-0.01%
	MATX	C	-0.01%
	ABM	B	-0.01%
	CWT	D	-0.01%
	RUSHB	B	-0.0%
	ENSG	D	-0.0%
	NNI	D	-0.0%
	CSWI	A	-0.0%
	WOR	F	-0.0%
	KAI	A	-0.0%

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

DGRO: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Specialty Chemicals Business Services Capital Markets Insurance - Property & Casualty Asset Management Packaged Foods Building Materials Semiconductors Aerospace & Defense Credit Services Drug Manufacturers - Major Insurance - Life Insurance Brokers Medical Instruments & Supplies Restaurants Tools & Accessories Utilities - Diversified

Keywords: S&P 500 Insurance Natural Gas Nasdaq 100 Chemical Electronics Banking Bank Electricity Mining Dow Jones Component Insurance Products Aerospace Plastic Investment Bank Beverage Commercial Banking Financial Products Building Materials Disability