IWR vs. FNK ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

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 1000Â® Index.

Grade (RS Rating)

Last Trade

$87.95

Average Daily Volume

1,141,867

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$54.29

Average Daily Volume

10,619

Number of Holdings ^*

224

* may have additional holdings in another (foreign) market

Performance

Period	IWR	FNK
30 Days	4.05%	2.49%
60 Days	10.52%	7.30%
90 Days	9.48%	8.83%
12 Months	31.66%	27.71%

154 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in FNK	Overlap
AAP	F	0.02%	0.08%	0.02%
AFG	A	0.08%	0.15%	0.08%
AGCO	D	0.05%	0.7%	0.05%
AGNC	B	0.07%	0.45%	0.07%
AGO	B	0.04%	0.74%	0.04%
AIZ	B	0.09%	0.34%	0.09%
AL	D	0.04%	0.65%	0.04%
ALK	C	0.05%	0.46%	0.05%
ALLY	F	0.08%	0.49%	0.08%
AMG	B	0.05%	0.81%	0.05%
AMKR	F	0.03%	0.21%	0.03%
AN	D	0.04%	0.61%	0.04%
APA	F	0.08%	0.49%	0.08%
AR	C	0.07%	0.13%	0.07%
ARW	C	0.06%	0.61%	0.06%
ASH	F	0.04%	0.38%	0.04%
AVT	B	0.04%	0.58%	0.04%
AXS	A	0.05%	0.48%	0.05%
AYI	A	0.08%	0.35%	0.08%
BBWI	F	0.06%	0.33%	0.06%
BC	C	0.05%	0.47%	0.05%
BERY	C	0.07%	0.47%	0.07%
BHF	D	0.02%	0.14%	0.02%
BJ	B	0.1%	0.13%	0.1%
BOKF	B	0.02%	0.31%	0.02%
BPOP	D	0.06%	0.15%	0.06%
BWA	C	0.07%	0.62%	0.07%
BYD	B	0.04%	0.65%	0.04%
CACI	A	0.1%	0.16%	0.1%
CAR	D	0.01%	0.23%	0.01%
CCK	C	0.1%	0.18%	0.1%
CHK	C	0.16%	0.71%	0.16%
CHRD	F	0.07%	0.44%	0.07%
CLF	D	0.05%	0.59%	0.05%
CMA	C	0.06%	0.32%	0.06%
CNXC	F	0.02%	0.57%	0.02%
COLB	C	0.05%	0.71%	0.05%
COLM	B	0.02%	0.29%	0.02%
CROX	C	0.07%	0.27%	0.07%
CRUS	D	0.05%	0.13%	0.05%
CUZ	C	0.04%	0.53%	0.04%
CXT	F	0.02%	0.13%	0.02%
CZR	B	0.08%	0.45%	0.08%
DAR	F	0.05%	0.69%	0.05%
DDS	D	0.01%	0.35%	0.01%
DINO	F	0.06%	0.59%	0.06%
DKS	D	0.1%	0.27%	0.1%
DNB	D	0.03%	0.35%	0.03%
DTM	A	0.07%	0.32%	0.07%
DXC	C	0.03%	0.59%	0.03%
EHC	C	0.08%	0.16%	0.08%
EMN	C	0.11%	0.47%	0.11%
EVRG	C	0.12%	0.65%	0.12%
EWBC	B	0.09%	0.46%	0.09%
FAF	C	0.06%	0.34%	0.06%
FBIN	C	0.09%	0.19%	0.09%
FHN	D	0.07%	0.4%	0.07%
FMC	C	0.07%	0.8%	0.07%
FNB	D	0.04%	0.42%	0.04%
FYBR	C	0.07%	0.76%	0.07%
G	A	0.06%	0.68%	0.06%
GAP	F	0.04%	0.37%	0.04%
GL	C	0.08%	0.54%	0.08%
GXO	D	0.05%	0.14%	0.05%
HII	F	0.09%	0.45%	0.09%
HLI	A	0.07%	0.17%	0.07%
HOG	D	0.04%	0.76%	0.04%
HSIC	D	0.08%	0.16%	0.08%
IAC	C	0.03%	0.31%	0.03%
IDA	D	0.04%	0.31%	0.04%
IP	C	0.15%	0.16%	0.15%
IPGP	D	0.02%	0.36%	0.02%
IVZ	A	0.05%	0.17%	0.05%
JAZZ	F	0.06%	0.43%	0.06%
JEF	A	0.09%	0.18%	0.09%
JLL	C	0.11%	0.18%	0.11%
KEX	C	0.06%	0.14%	0.06%
KNX	D	0.07%	0.44%	0.07%
KRC	C	0.04%	0.68%	0.04%
LAD	C	0.07%	0.85%	0.07%
LBRDK	C	0.07%	1.01%	0.07%
LEA	F	0.05%	0.53%	0.05%
LFUS	C	0.05%	0.14%	0.05%
LNC	B	0.04%	0.55%	0.04%
LNT	B	0.13%	0.33%	0.13%
LPX	C	0.06%	0.37%	0.06%
LSTR	F	0.06%	0.14%	0.06%
M	D	0.04%	0.34%	0.04%
MAT	B	0.06%	0.16%	0.06%
MDU	C	0.05%	0.61%	0.05%
MIDD	D	0.06%	0.31%	0.06%
MOS	F	0.07%	0.66%	0.07%
MTDR	D	0.05%	0.6%	0.05%
MTG	A	0.06%	0.83%	0.06%
NFG	A	0.05%	0.62%	0.05%
NI	A	0.13%	0.51%	0.13%
NOV	F	0.05%	0.59%	0.05%
NRG	A	0.16%	0.5%	0.16%
NVST	D	0.03%	0.16%	0.03%
NXST	D	0.04%	0.42%	0.04%
OGE	C	0.07%	0.49%	0.07%
OGN	F	0.04%	0.5%	0.04%
OLN	D	0.05%	0.42%	0.05%
OMF	D	0.04%	0.39%	0.04%
ORI	A	0.08%	0.32%	0.08%
OSK	F	0.05%	0.52%	0.05%
OVV	D	0.09%	0.62%	0.09%
OZK	D	0.04%	0.57%	0.04%
PAG	D	0.03%	0.45%	0.03%
PARA	F	0.05%	0.14%	0.05%
PB	D	0.05%	0.32%	0.05%
PII	D	0.04%	0.44%	0.04%
PNFP	B	0.06%	0.49%	0.06%
PNW	C	0.09%	0.66%	0.09%
PRGO	F	0.03%	0.27%	0.03%
PVH	D	0.05%	0.63%	0.05%
R	C	0.05%	0.65%	0.05%
REYN	D	0.01%	0.3%	0.01%
RGA	B	0.12%	0.15%	0.12%
RHI	D	0.06%	0.15%	0.06%
RNR	A	0.12%	0.86%	0.12%
RRC	D	0.06%	0.39%	0.06%
RYN	C	0.04%	0.31%	0.04%
SAIC	A	0.06%	0.34%	0.06%
SEB	F	0.01%	0.7%	0.01%
SEE	C	0.04%	0.14%	0.04%
SEIC	B	0.06%	0.3%	0.06%
SKX	B	0.08%	0.27%	0.08%
SLGN	B	0.04%	0.34%	0.04%
SLM	B	0.04%	0.3%	0.04%
SNV	D	0.05%	0.15%	0.05%
SNX	C	0.08%	0.28%	0.08%
SON	D	0.05%	0.45%	0.05%
TAP	D	0.09%	0.78%	0.09%
TFX	C	0.1%	0.16%	0.1%
THC	D	0.13%	0.68%	0.13%
THO	C	0.05%	0.49%	0.05%
TKR	B	0.05%	0.44%	0.05%
UGI	C	0.04%	0.3%	0.04%
UHS	D	0.11%	0.68%	0.11%
UNM	A	0.08%	0.65%	0.08%
USFD	C	0.12%	0.16%	0.12%
UTHR	C	0.13%	0.47%	0.13%
VNO	B	0.06%	0.21%	0.06%
VOYA	A	0.07%	0.16%	0.07%
WAL	C	0.08%	0.56%	0.08%
WBS	D	0.07%	0.57%	0.07%
WCC	D	0.06%	0.44%	0.06%
WHR	C	0.05%	0.29%	0.05%
WTFC	B	0.06%	0.44%	0.06%
WTM	C	0.04%	0.68%	0.04%
WTRG	D	0.08%	0.29%	0.08%
WU	D	0.03%	0.41%	0.03%
ZION	D	0.06%	0.3%	0.06%

IWR Overweight 648 Positions Relative to FNK

Symbol	Grade	Weight
PLTR	A	0.63%
AFL	A	0.54%
AJG	C	0.53%
DHI	C	0.49%
WMB	A	0.48%
HLT	A	0.48%
SPG	A	0.47%
O	C	0.47%
URI	C	0.46%
OKE	A	0.46%
BK	A	0.45%
DLR	C	0.44%
CCI	D	0.44%
ALL	A	0.43%
ROST	D	0.42%
AMP	A	0.41%
TTD	A	0.41%
LHX	A	0.4%
FIS	A	0.4%
PEG	A	0.39%
GWW	B	0.39%
PAYX	B	0.39%
FICO	C	0.39%
MSCI	B	0.38%
CMI	A	0.38%
LEN	C	0.38%
PRU	B	0.37%
A	B	0.37%
PWR	A	0.37%
KVUE	C	0.37%
KMI	A	0.37%
LNG	A	0.36%
GIS	C	0.36%
IQV	F	0.36%
MPWR	B	0.36%
OTIS	A	0.36%
VST	A	0.36%
PCG	C	0.36%
GEHC	C	0.35%
CTVA	A	0.35%
FAST	C	0.35%
EXC	C	0.35%
IDXX	D	0.35%
HWM	A	0.35%
RCL	B	0.35%
MCHP	F	0.35%
ACGL	A	0.35%
YUM	C	0.34%
IR	A	0.34%
FERG	F	0.34%
EA	D	0.33%
ODFL	F	0.33%
VRSK	D	0.33%
DOW	B	0.33%
SYY	D	0.33%
HES	D	0.33%
CNC	F	0.33%
AME	C	0.33%
COR	F	0.32%
EXR	D	0.32%
KR	C	0.32%
IT	A	0.32%
CBRE	C	0.32%
CTSH	B	0.32%
XEL	C	0.31%
ED	C	0.31%
NUE	D	0.31%
SQ	D	0.31%
BKR	B	0.31%
DD	C	0.31%
RMD	C	0.3%
ALNY	C	0.3%
VRT	B	0.3%
EFX	D	0.3%
EIX	C	0.29%
FANG	D	0.29%
HUM	F	0.29%
HPQ	B	0.29%
DDOG	B	0.29%
DFS	A	0.29%
GLW	C	0.29%
VICI	C	0.29%
APP	A	0.29%
IRM	B	0.29%
HIG	A	0.29%
DAL	C	0.28%
XYL	C	0.28%
COIN	F	0.28%
VMC	D	0.28%
MLM	F	0.28%
TRGP	A	0.28%
EBAY	A	0.28%
MTD	C	0.27%
AVB	C	0.27%
WAB	A	0.27%
TSCO	A	0.27%
PHM	C	0.26%
NDAQ	C	0.26%
CSGP	F	0.26%
ROK	D	0.26%
ON	F	0.26%
PPG	D	0.26%
WEC	B	0.26%
VEEV	C	0.26%
WTW	C	0.26%
CHTR	D	0.26%
MTB	A	0.25%
CDW	D	0.25%
BIIB	F	0.24%
HSY	D	0.24%
EQR	C	0.24%
CPNG	C	0.24%
ETR	A	0.24%
ADM	F	0.24%
AWK	D	0.24%
NVR	C	0.24%
FITB	C	0.24%
ARES	A	0.24%
AXON	A	0.24%
IFF	D	0.23%
HAL	D	0.23%
DXCM	F	0.23%
DTE	B	0.23%
GRMN	D	0.23%
CAH	B	0.23%
KEYS	B	0.23%
VLTO	A	0.23%
FTV	C	0.23%
ANSS	D	0.23%
SW	C	0.22%
MSTR	B	0.22%
CHD	D	0.22%
GPN	F	0.22%
FE	C	0.22%
FSLR	C	0.22%
HUBS	D	0.22%
VTR	C	0.22%
HPE	B	0.22%
TTWO	D	0.22%
SBAC	C	0.22%
DOV	C	0.22%
STT	A	0.22%
TYL	D	0.21%
PPL	C	0.21%
WY	C	0.21%
LYB	B	0.21%
NTAP	D	0.21%
DVN	F	0.21%
BRO	A	0.21%
BR	B	0.21%
HUBB	A	0.2%
STE	D	0.2%
RJF	B	0.2%
AEE	A	0.2%
BLDR	C	0.2%
NET	D	0.2%
TROW	D	0.2%
DECK	B	0.2%
ES	D	0.2%
GDDY	B	0.19%
WST	D	0.19%
WDC	C	0.19%
FCNCA	D	0.19%
BBY	C	0.19%
ZBH	F	0.19%
CBOE	B	0.19%
LDOS	A	0.19%
RBLX	D	0.19%
CLX	C	0.18%
ILMN	B	0.18%
CSL	A	0.18%
HBAN	B	0.18%
RF	B	0.18%
BALL	C	0.18%
PTC	B	0.18%
ATO	A	0.18%
BAH	C	0.18%
CINF	A	0.18%
WAT	B	0.18%
K	B	0.18%
CMS	A	0.18%
COO	C	0.18%
MKC	C	0.18%
INVH	D	0.18%
EQT	C	0.18%
CPAY	A	0.18%
SYF	A	0.17%
GPC	D	0.17%
DRI	C	0.17%
PFG	A	0.17%
PINS	D	0.17%
WBD	F	0.17%
MOH	F	0.17%
OMC	C	0.17%
EME	B	0.17%
TRU	C	0.17%
TER	C	0.17%
SMCI	F	0.17%
MKL	B	0.17%
ARE	D	0.17%
TDY	A	0.17%
ULTA	D	0.16%
EXPD	D	0.16%
MDB	D	0.16%
LVS	B	0.16%
MAA	D	0.16%
UAL	A	0.16%
ALGN	D	0.16%
HOLX	D	0.16%
LH	D	0.16%
MAS	C	0.16%
EXPE	B	0.16%
DG	F	0.16%
ZBRA	B	0.16%
ESS	D	0.16%
BAX	D	0.16%
CNP	B	0.16%
CVNA	A	0.16%
PKG	B	0.16%
LII	C	0.16%
STLD	C	0.16%
APTV	D	0.16%
WSM	C	0.16%
DGX	D	0.15%
LPLA	D	0.15%
EG	A	0.15%
WSO	C	0.15%
TPL	A	0.15%
AVTR	D	0.15%
FDS	C	0.15%
DKNG	C	0.15%
LYV	A	0.15%
AVY	D	0.15%
NTRS	B	0.15%
LUV	B	0.15%
CTRA	D	0.15%
CFG	C	0.15%
CCL	C	0.15%
ZM	B	0.15%
VRSN	C	0.14%
SSNC	C	0.14%
CF	A	0.14%
TOL	C	0.14%
DOC	C	0.14%
PNR	C	0.14%
IEX	D	0.14%
AMCR	C	0.14%
TXT	F	0.14%
PODD	C	0.14%
J	F	0.14%
SUI	D	0.14%
BURL	C	0.14%
ENTG	D	0.14%
RS	D	0.14%
HEI	C	0.14%
SWK	C	0.14%
TSN	D	0.14%
MANH	A	0.14%
WRB	C	0.14%
ENPH	F	0.13%
IBKR	A	0.13%
GEN	A	0.13%
UDR	C	0.13%
CE	D	0.13%
NDSN	C	0.13%
GWRE	A	0.13%
HOOD	B	0.13%
TRMB	B	0.13%
SNA	C	0.13%
DPZ	D	0.13%
KEY	B	0.13%
PSTG	F	0.13%
OC	C	0.13%
AKAM	D	0.13%
KIM	C	0.13%
RPM	A	0.13%
ZS	F	0.13%
RVTY	C	0.13%
SWKS	F	0.13%
DT	B	0.13%
FNF	C	0.13%
MRO	B	0.13%
CAG	D	0.13%
FWONK	D	0.13%
VTRS	D	0.12%
FIX	A	0.12%
NTNX	C	0.12%
BG	F	0.12%
ACM	A	0.12%
JBHT	D	0.12%
POOL	D	0.12%
CASY	D	0.12%
ROL	C	0.12%
L	C	0.12%
DLTR	F	0.12%
AES	C	0.12%
GGG	C	0.12%
NTRA	A	0.12%
TW	A	0.12%
CLH	B	0.11%
WING	C	0.11%
KMX	F	0.11%
EXAS	C	0.11%
SJM	D	0.11%
BXP	B	0.11%
DOCU	A	0.11%
TTEK	A	0.11%
ALLE	A	0.11%
TOST	B	0.11%
CPT	C	0.11%
JNPR	C	0.11%
FND	C	0.11%
CHRW	C	0.11%
FFIV	B	0.11%
AMH	D	0.11%
CW	A	0.11%
BLD	D	0.11%
ELS	D	0.11%
EQH	B	0.11%
JKHY	A	0.11%
BMRN	F	0.11%
JBL	C	0.11%
REG	C	0.11%
GLPI	C	0.11%
WPC	C	0.11%
RPRX	D	0.1%
SCI	D	0.1%
NVT	C	0.1%
NBIX	F	0.1%
LAMR	C	0.1%
SAIA	D	0.1%
HEI	C	0.1%
OKTA	F	0.1%
IPG	D	0.1%
COHR	B	0.1%
FTI	B	0.1%
TXRH	A	0.1%
CUBE	C	0.1%
PFGC	A	0.1%
ITT	C	0.1%
TECH	D	0.1%
XPO	F	0.1%
HST	D	0.1%
CRL	F	0.09%
ARMK	C	0.09%
OHI	C	0.09%
DOX	B	0.09%
NWSA	D	0.09%
WWD	C	0.09%
HAS	A	0.09%
WYNN	B	0.09%
BWXT	A	0.09%
Z	C	0.09%
DUOL	B	0.09%
LECO	D	0.09%
KNSL	B	0.09%
LKQ	F	0.09%
ATR	A	0.09%
TPR	B	0.09%
REXR	D	0.09%
AOS	C	0.09%
INCY	B	0.09%
RRX	B	0.09%
EPAM	F	0.09%
TWLO	B	0.09%
CTLT	A	0.09%
WMS	D	0.09%
ALB	D	0.09%
SRPT	F	0.09%
EGP	D	0.08%
KBR	A	0.08%
NNN	C	0.08%
DCI	B	0.08%
CHE	D	0.08%
CIEN	A	0.08%
GPK	D	0.08%
NYT	C	0.08%
AFRM	C	0.08%
INGR	B	0.08%
EVR	C	0.08%
MGM	D	0.08%
TTC	F	0.08%
PR	D	0.08%
TPX	C	0.08%
DAY	C	0.08%
HRL	F	0.08%
PRI	A	0.08%
CAVA	B	0.08%
MUSA	D	0.08%
SF	A	0.08%
GNRC	B	0.08%
CPB	D	0.08%
LW	D	0.08%
SOLV	C	0.08%
RGLD	C	0.08%
FRT	D	0.08%
ROKU	C	0.08%
CG	B	0.08%
QRVO	F	0.08%
EXP	C	0.08%
CHDN	C	0.08%
MKTX	B	0.08%
OLED	B	0.08%
TKO	A	0.08%
MTCH	B	0.08%
FOXA	B	0.08%
CNH	C	0.08%
AA	B	0.08%
OWL	A	0.08%
ONTO	B	0.08%
NLY	C	0.08%
CR	A	0.07%
MTZ	A	0.07%
ACI	F	0.07%
RL	B	0.07%
X	F	0.07%
AXTA	C	0.07%
GMED	B	0.07%
SOFI	C	0.07%
LNW	F	0.07%
COKE	C	0.07%
COLD	D	0.07%
BFAM	C	0.07%
FCN	C	0.07%
BRBR	A	0.07%
SSD	B	0.07%
RGEN	F	0.07%
ATI	C	0.07%
GME	D	0.07%
DVA	C	0.07%
GLOB	D	0.07%
BRX	C	0.07%
MHK	C	0.07%
CNM	F	0.07%
PAYC	D	0.07%
MORN	B	0.07%
MEDP	F	0.07%
NCLH	C	0.07%
RIVN	F	0.07%
ALSN	A	0.07%
WEX	C	0.07%
RBC	C	0.07%
HRB	C	0.07%
U	D	0.06%
H	B	0.06%
RLI	A	0.06%
VKTX	C	0.06%
BIO	B	0.06%
MTN	D	0.06%
SITE	D	0.06%
AZEK	D	0.06%
FLS	A	0.06%
HR	D	0.06%
GNTX	D	0.06%
CGNX	F	0.06%
CBSH	D	0.06%
WSC	D	0.06%
LSCC	D	0.06%
CART	B	0.06%
BSY	D	0.06%
VFC	A	0.06%
RYAN	A	0.06%
STAG	D	0.06%
MKSI	F	0.06%
PEN	D	0.06%
PLNT	B	0.06%
SN	A	0.06%
PCTY	C	0.06%
AAL	D	0.06%
ELAN	D	0.06%
UHAL	C	0.06%
FR	D	0.06%
AAON	A	0.06%
BRKR	D	0.06%
TREX	D	0.06%
APG	F	0.06%
SMAR	A	0.06%
ADC	C	0.06%
ITCI	D	0.06%
EXEL	B	0.06%
ST	F	0.05%
APPF	C	0.05%
XRAY	D	0.05%
VVV	D	0.05%
DOCS	A	0.05%
THG	A	0.05%
LAZ	C	0.05%
FOUR	A	0.05%
CELH	F	0.05%
PATH	D	0.05%
SIRI	C	0.05%
RITM	D	0.05%
BEN	F	0.05%
SRCL	B	0.05%
ACHC	F	0.05%
POST	C	0.05%
VMI	B	0.05%
ELF	F	0.05%
MASI	B	0.05%
OLLI	C	0.05%
AWI	A	0.05%
GTLB	D	0.05%
ESAB	C	0.05%
MTSI	B	0.05%
ESI	C	0.05%
WH	C	0.05%
DBX	C	0.05%
ETSY	F	0.05%
ESTC	F	0.05%
INSP	C	0.05%
IONS	F	0.05%
PCOR	D	0.05%
WBA	F	0.05%
AZPN	A	0.05%
STWD	C	0.05%
FRPT	A	0.05%
WFRD	F	0.05%
S	C	0.05%
CFR	B	0.05%
MSA	F	0.05%
LITE	A	0.04%
LOPE	D	0.04%
FLO	D	0.04%
EEFT	F	0.04%
DLB	D	0.04%
LYFT	D	0.04%
CFLT	F	0.04%
VNOM	A	0.04%
LINE	F	0.04%
CPRI	C	0.04%
HCP	A	0.04%
PSN	A	0.04%
ROIV	D	0.04%
JHG	A	0.04%
TPG	A	0.04%
FIVE	D	0.04%
CCCS	D	0.04%
HXL	F	0.04%
RH	C	0.04%
WLK	C	0.04%
W	C	0.04%
RARE	D	0.04%
KD	D	0.04%
AM	A	0.04%
VNT	F	0.04%
FOX	B	0.04%
CIVI	F	0.04%
BILL	D	0.04%
LCID	F	0.03%
ZG	C	0.03%
CC	D	0.03%
WEN	B	0.03%
TNL	B	0.03%
AMED	D	0.03%
NWL	D	0.03%
ZI	F	0.03%
PEGA	B	0.03%
NWS	D	0.03%
AMTM	D	0.03%
NSA	D	0.03%
MAN	D	0.03%
MPW	C	0.03%
YETI	C	0.03%
LBTYA	C	0.03%
COTY	F	0.03%
LBTYK	C	0.03%
HIW	C	0.03%
BROS	F	0.03%
GTES	C	0.03%
CHH	A	0.03%
IRDM	C	0.03%
EPR	C	0.03%
SMG	C	0.03%
NEU	F	0.03%
KMPR	D	0.03%
GFS	F	0.03%
SPR	D	0.03%
HUN	B	0.03%
MSGS	A	0.03%
MSM	D	0.03%
LEG	D	0.02%
BIRK	F	0.02%
QS	F	0.02%
LEN	C	0.02%
VSTS	D	0.02%
FIVN	F	0.02%
PINC	F	0.02%
PPC	C	0.02%
ADT	D	0.02%
HAYW	C	0.02%
JWN	D	0.02%
RCM	B	0.02%
TXG	F	0.02%
ENOV	F	0.02%
KSS	D	0.02%
MP	C	0.02%
CRI	D	0.02%
LLYVK	B	0.02%
QDEL	D	0.02%
HHH	C	0.02%
DV	F	0.02%
SHC	C	0.02%
VIRT	B	0.02%
CWEN	C	0.02%
AZTA	F	0.02%
RNG	F	0.02%
SPB	C	0.02%
AGR	C	0.02%
NCNO	F	0.02%
SAM	D	0.02%
VAC	D	0.02%
CLVT	D	0.02%
RKT	D	0.02%
ALGM	F	0.02%
CACC	F	0.02%
PENN	D	0.02%
FHB	D	0.02%
TDC	D	0.02%
APLS	F	0.02%
PK	D	0.02%
UHAL	C	0.01%
TFSL	D	0.01%
NFE	F	0.01%
LOAR	B	0.01%
UWMC	D	0.01%
UI	B	0.01%
DJT	F	0.01%
AS	B	0.01%
CWEN	C	0.01%
LLYVA	B	0.01%
PYCR	D	0.01%
CNA	D	0.01%
ALAB	C	0.01%
WOLF	F	0.01%
SNDR	D	0.01%
LBRDA	C	0.01%
CERT	F	0.01%
TRIP	D	0.01%
INFA	D	0.01%
UA	B	0.01%
FWONA	C	0.01%
GO	F	0.01%
FTRE	F	0.01%
UAA	B	0.01%
SEG	F	0.0%
PARAA	D	0.0%
GRAL	F	0.0%
PLTK	C	0.0%

IWR Underweight 70 Positions Relative to FNK

Symbol	Grade	Weight
MHO	C	-0.96%
TMHC	C	-0.88%
MTH	C	-0.88%
GPI	C	-0.88%
JXN	A	-0.86%
RUSHA	D	-0.85%
KBH	D	-0.84%
BTU	B	-0.82%
ESNT	A	-0.79%
RDN	D	-0.78%
SIG	C	-0.74%
ASO	D	-0.73%
ESGR	C	-0.73%
NOG	D	-0.7%
VLY	C	-0.7%
TPH	C	-0.68%
SM	D	-0.68%
BCC	C	-0.68%
TEX	F	-0.66%
LBRT	D	-0.66%
OGS	C	-0.64%
HP	D	-0.63%
GMS	B	-0.63%
COOP	B	-0.63%
POR	D	-0.62%
CVI	D	-0.62%
BKH	C	-0.62%
CADE	B	-0.61%
MATX	C	-0.6%
MUR	F	-0.59%
MGY	B	-0.56%
ABG	D	-0.56%
PTEN	F	-0.54%
CMC	D	-0.54%
ADTN	C	-0.53%
MLI	B	-0.53%
URBN	F	-0.5%
UFPI	C	-0.49%
PBF	F	-0.48%
AEO	C	-0.47%
ONB	D	-0.44%
VAL	F	-0.42%
SANM	D	-0.42%
SSB	C	-0.35%
ATKR	F	-0.35%
UMBF	C	-0.34%
ABCB	C	-0.33%
GT	F	-0.32%
HOMB	D	-0.31%
UBSI	D	-0.31%
ASGN	D	-0.3%
NJR	C	-0.3%
HWC	D	-0.29%
SWX	C	-0.29%
ENS	B	-0.27%
BECN	D	-0.26%
HGV	F	-0.25%
RIG	F	-0.23%
SKY	C	-0.2%
AVNT	C	-0.16%
PCH	C	-0.16%
BXMT	C	-0.15%
MMS	C	-0.15%
KWR	F	-0.14%
SEM	D	-0.14%
SIGI	D	-0.14%
NEOG	F	-0.14%
FUL	F	-0.14%
SUM	F	-0.14%
LANC	F	-0.13%