IWR vs. FNX ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to First Trust Mid Cap Core AlphaDEX (FNX)

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

FNX

First Trust Mid Cap Core AlphaDEX

FNX 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 Defined Mid Cap Core 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) 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

$125.45

Average Daily Volume

19,327

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	IWR	FNX
30 Days	6.87%	7.90%
60 Days	7.84%	7.72%
90 Days	9.96%	8.86%
12 Months	34.02%	36.29%

276 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in FNX	Overlap
	AAON	B	0.08%	0.35%	0.08%
	AAP	C	0.02%	0.29%	0.02%
	ADC	B	0.06%	0.22%	0.06%
	AES	F	0.08%	0.1%	0.08%
	AFG	A	0.08%	0.15%	0.08%
	AFRM	B	0.11%	0.54%	0.11%
	AGCO	D	0.05%	0.21%	0.05%
	AGNC	D	0.06%	0.07%	0.06%
	AGO	B	0.04%	0.41%	0.04%
	AIZ	A	0.09%	0.16%	0.09%
	AL	B	0.04%	0.38%	0.04%
	ALK	C	0.06%	0.25%	0.06%
	ALLE	D	0.1%	0.14%	0.1%
	ALSN	B	0.08%	0.35%	0.08%
	AMG	B	0.05%	0.37%	0.05%
	AMKR	D	0.02%	0.24%	0.02%
	AN	C	0.03%	0.26%	0.03%
	AOS	F	0.07%	0.06%	0.06%
	APA	D	0.07%	0.33%	0.07%
	AR	B	0.07%	0.16%	0.07%
	ARMK	B	0.08%	0.07%	0.07%
	ARW	D	0.05%	0.25%	0.05%
	ASH	D	0.03%	0.25%	0.03%
	ATI	D	0.06%	0.3%	0.06%
	ATR	B	0.09%	0.15%	0.09%
	AVT	C	0.04%	0.28%	0.04%
	AWI	A	0.06%	0.25%	0.06%
	AXS	A	0.06%	0.23%	0.06%
	AXTA	A	0.07%	0.16%	0.07%
	AYI	B	0.08%	0.17%	0.08%
	AZEK	A	0.05%	0.14%	0.05%
	BBWI	D	0.06%	0.21%	0.06%
	BC	C	0.04%	0.2%	0.04%
	BEN	C	0.05%	0.31%	0.05%
	BERY	B	0.06%	0.23%	0.06%
	BFAM	D	0.05%	0.28%	0.05%
	BJ	A	0.1%	0.08%	0.08%
	BOKF	B	0.02%	0.16%	0.02%
	BPOP	B	0.06%	0.14%	0.06%
	BRBR	A	0.08%	0.17%	0.08%
	BRX	A	0.07%	0.15%	0.07%
	BWA	D	0.06%	0.34%	0.06%
	BWXT	B	0.1%	0.25%	0.1%
	BYD	C	0.04%	0.32%	0.04%
	CACI	D	0.09%	0.32%	0.09%
	CBSH	A	0.07%	0.09%	0.07%
	CCK	C	0.09%	0.07%	0.07%
	CFR	B	0.07%	0.18%	0.07%
	CHDN	B	0.08%	0.07%	0.07%
	CHRD	D	0.07%	0.36%	0.07%
	CIVI	D	0.04%	0.37%	0.04%
	CLF	F	0.04%	0.25%	0.04%
	CLH	B	0.1%	0.22%	0.1%
	CMA	A	0.07%	0.16%	0.07%
	CNXC	F	0.01%	0.26%	0.01%
	COHR	B	0.1%	0.31%	0.1%
	COKE	C	0.06%	0.33%	0.06%
	COLB	A	0.05%	0.25%	0.05%
	COLM	B	0.02%	0.21%	0.02%
	COTY	F	0.02%	0.05%	0.02%
	CPT	B	0.1%	0.07%	0.07%
	CRL	C	0.08%	0.14%	0.08%
	CROX	D	0.05%	0.1%	0.05%
	CRUS	D	0.04%	0.12%	0.04%
	CUBE	D	0.09%	0.13%	0.09%
	CUZ	B	0.04%	0.22%	0.04%
	CW	B	0.11%	0.31%	0.11%
	CZR	F	0.07%	0.06%	0.06%
	DAR	C	0.06%	0.33%	0.06%
	DAY	B	0.09%	0.09%	0.09%
	DBX	B	0.05%	0.07%	0.05%
	DCI	B	0.08%	0.07%	0.07%
	DDS	B	0.01%	0.4%	0.01%
	DINO	D	0.05%	0.35%	0.05%
	DKS	C	0.09%	0.14%	0.09%
	DNB	B	0.03%	0.15%	0.03%
	DOCU	A	0.13%	0.18%	0.13%
	DT	C	0.13%	0.14%	0.13%
	DTM	B	0.08%	0.19%	0.08%
	DUOL	A	0.09%	0.39%	0.09%
	DVA	B	0.07%	0.34%	0.07%
	DXC	B	0.03%	0.27%	0.03%
	EEFT	B	0.04%	0.07%	0.04%
	EGP	F	0.07%	0.07%	0.07%
	EHC	B	0.08%	0.29%	0.08%
	ELAN	D	0.06%	0.07%	0.06%
	EMN	D	0.1%	0.27%	0.1%
	EPAM	C	0.11%	0.17%	0.11%
	ESAB	B	0.06%	0.08%	0.06%
	ESI	A	0.05%	0.07%	0.05%
	EVRG	A	0.12%	0.29%	0.12%
	EWBC	A	0.12%	0.36%	0.12%
	EXEL	B	0.08%	0.29%	0.08%
	EXP	A	0.08%	0.3%	0.08%
	FAF	A	0.05%	0.14%	0.05%
	FBIN	D	0.08%	0.06%	0.06%
	FCN	D	0.06%	0.06%	0.06%
	FFIV	B	0.11%	0.16%	0.11%
	FHN	A	0.09%	0.28%	0.09%
	FIVE	F	0.04%	0.21%	0.04%
	FIX	A	0.13%	0.41%	0.13%
	FLO	D	0.03%	0.07%	0.03%
	FLS	B	0.06%	0.25%	0.06%
	FMC	D	0.06%	0.3%	0.06%
	FNB	A	0.05%	0.25%	0.05%
	FND	C	0.09%	0.06%	0.06%
	FOUR	B	0.05%	0.41%	0.05%
	FR	C	0.06%	0.07%	0.06%
	FRPT	B	0.06%	0.32%	0.06%
	G	B	0.06%	0.33%	0.06%
	GAP	C	0.04%	0.07%	0.04%
	GL	B	0.08%	0.22%	0.08%
	GME	C	0.08%	0.08%	0.08%
	GMED	A	0.08%	0.33%	0.08%
	GPK	C	0.07%	0.14%	0.07%
	GWRE	A	0.13%	0.3%	0.13%
	GXO	B	0.06%	0.16%	0.06%
	H	B	0.06%	0.07%	0.06%
	HII	D	0.06%	0.21%	0.06%
	HLI	B	0.08%	0.25%	0.08%
	HOG	D	0.03%	0.31%	0.03%
	HRB	D	0.07%	0.2%	0.07%
	HSIC	B	0.07%	0.15%	0.07%
	HST	C	0.1%	0.28%	0.1%
	HUN	F	0.03%	0.06%	0.03%
	IAC	D	0.03%	0.06%	0.03%
	IBKR	A	0.16%	0.38%	0.16%
	IDA	A	0.05%	0.25%	0.05%
	INGR	B	0.08%	0.29%	0.08%
	INSP	D	0.04%	0.12%	0.04%
	IPG	D	0.08%	0.19%	0.08%
	ITCI	C	0.07%	0.16%	0.07%
	ITT	A	0.1%	0.22%	0.1%
	JAZZ	B	0.06%	0.3%	0.06%
	JBL	B	0.12%	0.23%	0.12%
	JEF	A	0.11%	0.17%	0.11%
	JLL	D	0.1%	0.07%	0.07%
	JWN	C	0.02%	0.21%	0.02%
	KD	B	0.05%	0.09%	0.05%
	KEX	C	0.06%	0.22%	0.06%
	KMX	B	0.1%	0.07%	0.07%
	KNSL	B	0.08%	0.07%	0.07%
	KNX	B	0.07%	0.22%	0.07%
	KRC	C	0.04%	0.28%	0.04%
	LAD	A	0.08%	0.42%	0.08%
	LAMR	D	0.09%	0.14%	0.09%
	LBRDK	C	0.08%	0.32%	0.08%
	LEA	D	0.04%	0.31%	0.04%
	LFUS	F	0.05%	0.06%	0.05%
	LKQ	D	0.08%	0.27%	0.08%
	LNC	B	0.04%	0.32%	0.04%
	LOPE	B	0.04%	0.08%	0.04%
	LPX	B	0.06%	0.23%	0.06%
	LSTR	D	0.05%	0.07%	0.05%
	LYFT	C	0.05%	0.1%	0.05%
	M	D	0.04%	0.28%	0.04%
	MAT	D	0.05%	0.14%	0.05%
	MDU	D	0.03%	0.36%	0.03%
	MGM	D	0.07%	0.14%	0.07%
	MIDD	C	0.06%	0.21%	0.06%
	MKTX	D	0.08%	0.15%	0.08%
	MORN	B	0.07%	0.08%	0.07%
	MOS	F	0.07%	0.28%	0.07%
	MSGS	A	0.03%	0.15%	0.03%
	MSM	C	0.03%	0.21%	0.03%
	MTCH	D	0.07%	0.12%	0.07%
	MTDR	B	0.06%	0.43%	0.06%
	MTG	C	0.05%	0.35%	0.05%
	MUSA	A	0.08%	0.08%	0.08%
	NCLH	B	0.09%	0.27%	0.09%
	NFE	D	0.0%	0.28%	0.0%
	NFG	A	0.05%	0.29%	0.05%
	NNN	D	0.06%	0.06%	0.06%
	NOV	C	0.05%	0.36%	0.05%
	NTNX	A	0.14%	0.08%	0.08%
	NTRA	B	0.14%	0.43%	0.14%
	NXST	C	0.04%	0.28%	0.04%
	NYT	C	0.07%	0.14%	0.07%
	OGE	B	0.07%	0.23%	0.07%
	OGN	D	0.03%	0.11%	0.03%
	OHI	C	0.08%	0.14%	0.08%
	OLLI	D	0.05%	0.13%	0.05%
	OLN	D	0.04%	0.19%	0.04%
	OMF	A	0.05%	0.25%	0.05%
	ORI	A	0.08%	0.23%	0.08%
	OSK	B	0.06%	0.39%	0.06%
	OVV	B	0.1%	0.42%	0.1%
	OWL	A	0.09%	0.09%	0.09%
	OZK	B	0.04%	0.32%	0.04%
	PAG	B	0.02%	0.21%	0.02%
	PB	A	0.06%	0.16%	0.06%
	PCTY	B	0.07%	0.08%	0.07%
	PEGA	A	0.03%	0.33%	0.03%
	PFGC	B	0.11%	0.15%	0.11%
	PII	D	0.03%	0.17%	0.03%
	PLNT	A	0.07%	0.26%	0.07%
	PNFP	B	0.08%	0.18%	0.08%
	PNW	B	0.09%	0.3%	0.09%
	PODD	C	0.15%	0.32%	0.15%
	POST	C	0.04%	0.2%	0.04%
	PRGO	B	0.03%	0.15%	0.03%
	PRI	A	0.09%	0.16%	0.09%
	PSN	D	0.04%	0.33%	0.04%
	PVH	C	0.05%	0.36%	0.05%
	R	B	0.06%	0.32%	0.06%
	RARE	D	0.03%	0.11%	0.03%
	RBC	A	0.07%	0.08%	0.07%
	REG	B	0.11%	0.15%	0.11%
	REYN	D	0.01%	0.19%	0.01%
	RGLD	C	0.08%	0.07%	0.07%
	RHI	B	0.06%	0.16%	0.06%
	RL	B	0.07%	0.23%	0.07%
	RLI	B	0.06%	0.08%	0.06%
	RNR	C	0.11%	0.34%	0.11%
	ROIV	C	0.04%	0.07%	0.04%
	RRC	B	0.07%	0.32%	0.07%
	RRX	B	0.09%	0.07%	0.07%
	RYAN	B	0.06%	0.23%	0.06%
	RYN	D	0.04%	0.13%	0.04%
	S	B	0.06%	0.16%	0.06%
	SAIC	F	0.05%	0.06%	0.05%
	SCI	B	0.1%	0.16%	0.1%
	SEE	C	0.04%	0.07%	0.04%
	SEIC	B	0.07%	0.25%	0.07%
	SF	B	0.09%	0.09%	0.09%
	SJM	D	0.09%	0.2%	0.09%
	SKX	D	0.07%	0.2%	0.07%
	SLGN	A	0.04%	0.15%	0.04%
	SLM	A	0.04%	0.23%	0.04%
	SMG	D	0.03%	0.25%	0.03%
	SNV	B	0.07%	0.09%	0.07%
	SNX	C	0.07%	0.28%	0.07%
	SOFI	A	0.12%	0.38%	0.12%
	SOLV	C	0.08%	0.28%	0.08%
	SON	D	0.04%	0.26%	0.04%
	SSD	D	0.06%	0.07%	0.06%
	STWD	C	0.05%	0.07%	0.05%
	TAP	C	0.09%	0.39%	0.09%
	TECH	D	0.09%	0.06%	0.06%
	TFX	F	0.08%	0.06%	0.06%
	THG	A	0.05%	0.08%	0.05%
	THO	B	0.05%	0.22%	0.05%
	TKO	B	0.08%	0.29%	0.08%
	TKR	D	0.04%	0.19%	0.04%
	TOST	B	0.15%	0.4%	0.15%
	TPG	A	0.04%	0.25%	0.04%
	TPR	B	0.11%	0.17%	0.11%
	TTC	D	0.07%	0.14%	0.07%
	TTEK	F	0.09%	0.31%	0.09%
	TW	A	0.12%	0.23%	0.12%
	TXRH	C	0.11%	0.24%	0.11%
	U	C	0.04%	0.06%	0.04%
	UDR	B	0.12%	0.07%	0.07%
	UGI	A	0.04%	0.35%	0.04%
	UHAL	D	0.0%	0.12%	0.0%
	UHAL	D	0.05%	0.12%	0.05%
	UHS	D	0.1%	0.25%	0.1%
	UNM	A	0.1%	0.35%	0.1%
	USFD	A	0.12%	0.08%	0.08%
	VMI	B	0.06%	0.08%	0.06%
	VNO	B	0.06%	0.07%	0.06%
	VNT	B	0.05%	0.24%	0.05%
	VOYA	B	0.07%	0.15%	0.07%
	WAL	B	0.08%	0.15%	0.08%
	WBS	A	0.09%	0.28%	0.09%
	WCC	B	0.07%	0.35%	0.07%
	WHR	B	0.05%	0.3%	0.05%
	WING	D	0.08%	0.11%	0.08%
	WPC	D	0.1%	0.19%	0.1%
	WTFC	A	0.07%	0.26%	0.07%
	WTM	A	0.04%	0.08%	0.04%
	WTRG	B	0.08%	0.22%	0.08%
	WU	D	0.02%	0.2%	0.02%
	WWD	B	0.08%	0.14%	0.08%
	WYNN	D	0.08%	0.14%	0.08%
	ZION	B	0.07%	0.27%	0.07%

IWR Overweight 527 Positions Relative to FNX

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	WMB	A	0.57%
	OKE	A	0.53%
	AJG	B	0.52%
	AFL	B	0.51%
	COIN	C	0.5%
	HLT	A	0.5%
	BK	A	0.48%
	DLR	B	0.48%
	SPG	B	0.48%
	URI	B	0.46%
	AMP	A	0.46%
	RCL	A	0.45%
	KMI	A	0.44%
	MSTR	C	0.44%
	FICO	B	0.44%
	ALL	A	0.43%
	TTD	B	0.43%
	GWW	B	0.42%
	O	D	0.41%
	CMI	A	0.41%
	FIS	C	0.41%
	LNG	B	0.4%
	VST	B	0.4%
	FAST	B	0.39%
	SQ	B	0.39%
	PWR	A	0.39%
	DHI	D	0.39%
	MSCI	C	0.38%
	KVUE	A	0.38%
	PRU	A	0.38%
	PAYX	C	0.38%
	ROST	C	0.38%
	LHX	C	0.38%
	PEG	A	0.37%
	AME	A	0.37%
	PCG	A	0.37%
	CCI	D	0.37%
	HWM	A	0.37%
	EA	A	0.36%
	VRT	B	0.36%
	DFS	B	0.36%
	ODFL	B	0.35%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	DAL	C	0.34%
	IR	B	0.34%
	CBRE	B	0.33%
	COR	B	0.33%
	VRSK	A	0.33%
	OTIS	C	0.33%
	LEN	D	0.33%
	FERG	B	0.33%
	HES	B	0.33%
	CTSH	B	0.32%
	KR	B	0.32%
	CTVA	C	0.32%
	XEL	A	0.32%
	EXC	C	0.32%
	IT	C	0.32%
	GEHC	F	0.31%
	A	D	0.31%
	SYY	B	0.31%
	YUM	B	0.31%
	DDOG	A	0.31%
	HPQ	B	0.3%
	CHTR	C	0.3%
	ACGL	D	0.3%
	VMC	B	0.3%
	IDXX	F	0.29%
	IQV	D	0.29%
	NUE	C	0.29%
	GIS	D	0.29%
	GLW	B	0.29%
	MTB	A	0.29%
	MLM	B	0.29%
	ED	D	0.28%
	IRM	D	0.28%
	WAB	B	0.28%
	RMD	C	0.28%
	DD	D	0.28%
	EXR	D	0.28%
	HIG	B	0.28%
	GRMN	B	0.27%
	NDAQ	A	0.27%
	AVB	B	0.27%
	ROK	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	HUM	C	0.27%
	FANG	D	0.27%
	MCHP	D	0.27%
	DOW	F	0.26%
	WEC	A	0.26%
	EBAY	D	0.26%
	VEEV	C	0.26%
	ETR	B	0.26%
	EIX	B	0.26%
	WTW	B	0.26%
	FITB	A	0.26%
	UAL	A	0.25%
	CNC	D	0.25%
	DXCM	D	0.25%
	RJF	A	0.25%
	EFX	F	0.25%
	ARES	A	0.25%
	TTWO	A	0.25%
	PPG	F	0.24%
	STT	A	0.24%
	CSGP	D	0.24%
	CAH	B	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	B	0.24%
	TSCO	D	0.24%
	ALNY	D	0.24%
	HPE	B	0.23%
	DOV	A	0.23%
	EQR	B	0.23%
	ON	D	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	AWK	D	0.22%
	BRO	B	0.22%
	FCNCA	A	0.22%
	FTV	C	0.22%
	PHM	D	0.22%
	CHD	B	0.22%
	SW	A	0.22%
	DECK	A	0.22%
	BR	A	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	PPL	B	0.21%
	MTD	D	0.21%
	HSY	F	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	VLTO	D	0.21%
	ADM	D	0.21%
	TPL	A	0.21%
	HBAN	A	0.21%
	SYF	B	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%
	CDW	F	0.2%
	FE	C	0.2%
	NTAP	C	0.2%
	DVN	F	0.2%
	RF	A	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WY	D	0.19%
	WST	C	0.19%
	EXPE	B	0.19%
	ZBH	C	0.19%
	EME	C	0.19%
	BIIB	F	0.19%
	CINF	A	0.19%
	LPLA	A	0.19%
	HUBB	B	0.19%
	ZM	B	0.18%
	NTRS	A	0.18%
	HOOD	B	0.18%
	LYB	F	0.18%
	ILMN	D	0.18%
	EXE	B	0.18%
	STE	F	0.18%
	LDOS	C	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	MKL	A	0.18%
	IFF	D	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	CMS	C	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	CSL	C	0.17%
	INVH	D	0.17%
	STLD	B	0.17%
	CLX	B	0.17%
	PKG	A	0.17%
	CBOE	B	0.17%
	WAT	B	0.17%
	K	A	0.17%
	CFG	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	NRG	B	0.16%
	BAH	F	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	C	0.16%
	LII	A	0.16%
	CNP	B	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	LH	C	0.16%
	DRI	B	0.16%
	PFG	D	0.16%
	BBY	D	0.16%
	IP	B	0.16%
	RS	B	0.15%
	KEY	B	0.15%
	DGX	A	0.15%
	WRB	A	0.15%
	HOLX	D	0.15%
	WSO	A	0.15%
	DKNG	B	0.15%
	TSN	B	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	FDS	B	0.15%
	SNA	A	0.15%
	ZS	C	0.15%
	TRU	D	0.15%
	MKC	D	0.15%
	BALL	D	0.15%
	OMC	C	0.15%
	NI	A	0.14%
	KIM	A	0.14%
	TWLO	A	0.14%
	WSM	B	0.14%
	DG	F	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	OC	A	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	LVS	C	0.14%
	EXPD	D	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	GPC	D	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	RPM	A	0.14%
	IEX	B	0.14%
	MAS	D	0.14%
	J	F	0.14%
	PNR	A	0.14%
	ULTA	F	0.14%
	VTRS	A	0.13%
	FNF	B	0.13%
	RGA	A	0.13%
	VRSN	F	0.13%
	SUI	D	0.13%
	TOL	B	0.13%
	LNT	A	0.13%
	SSNC	B	0.13%
	AVY	D	0.13%
	UTHR	C	0.13%
	CF	B	0.13%
	TXT	D	0.13%
	EG	C	0.13%
	MRO	B	0.13%
	TER	D	0.13%
	GEN	B	0.13%
	BAX	D	0.13%
	ROL	B	0.12%
	AVTR	F	0.12%
	EQH	B	0.12%
	APTV	D	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	THC	D	0.12%
	PSTG	D	0.12%
	CASY	A	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	L	A	0.12%
	GGG	B	0.12%
	CHRW	C	0.11%
	GLPI	C	0.11%
	DLTR	F	0.11%
	ELS	C	0.11%
	SWK	D	0.11%
	AKAM	D	0.11%
	SWKS	F	0.11%
	POOL	C	0.11%
	RVTY	F	0.11%
	SAIA	B	0.11%
	Z	A	0.1%
	NBIX	C	0.1%
	OKTA	C	0.1%
	JNPR	F	0.1%
	HEI	B	0.1%
	NVT	B	0.1%
	BMRN	D	0.1%
	FTI	A	0.1%
	INCY	C	0.1%
	ALB	C	0.1%
	BXP	D	0.1%
	JKHY	D	0.1%
	CAG	D	0.1%
	BG	F	0.1%
	AMH	D	0.1%
	FOXA	B	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	BLD	D	0.09%
	CG	A	0.09%
	AA	B	0.09%
	PAYC	B	0.09%
	LECO	B	0.09%
	TPX	B	0.08%
	SMCI	F	0.08%
	WMS	D	0.08%
	FRT	B	0.08%
	SRPT	D	0.08%
	AAL	B	0.08%
	CNH	C	0.08%
	DOX	D	0.08%
	CIEN	B	0.08%
	PR	B	0.08%
	NLY	C	0.08%
	ALLY	C	0.08%
	RPRX	D	0.08%
	MEDP	D	0.07%
	ACI	C	0.07%
	X	C	0.07%
	APG	B	0.07%
	CE	F	0.07%
	CNM	D	0.07%
	CPB	D	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	LNW	D	0.07%
	HRL	D	0.07%
	MTZ	B	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	FYBR	D	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	ROKU	D	0.07%
	PEN	B	0.07%
	EXAS	D	0.07%
	REXR	F	0.07%
	MTN	C	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	CGNX	C	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	RGEN	D	0.06%
	GNTX	C	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	MKSI	C	0.06%
	GTLB	B	0.06%
	CART	C	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	WH	B	0.06%
	SMAR	A	0.06%
	OLED	D	0.06%
	ONTO	D	0.06%
	KBR	F	0.06%
	ENPH	F	0.06%
	LITE	B	0.05%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	BRKR	D	0.05%
	FOX	A	0.05%
	JHG	A	0.05%
	ETSY	D	0.05%
	WFRD	D	0.05%
	LAZ	B	0.05%
	WBA	F	0.05%
	DOCS	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	D	0.05%
	SITE	D	0.05%
	SIRI	C	0.05%
	MSA	D	0.05%
	WSC	D	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	STAG	F	0.05%
	HR	C	0.05%
	AZPN	A	0.05%
	KMPR	B	0.04%
	CELH	F	0.04%
	RH	B	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	HXL	D	0.04%
	BROS	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	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%
	NVST	B	0.03%
	SPR	D	0.03%
	W	F	0.03%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	XRAY	F	0.03%
	NEU	C	0.03%
	LINE	F	0.03%
	CHH	A	0.03%
	GFS	C	0.03%
	GTES	A	0.03%
	DLB	B	0.03%
	WLK	D	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%
	HAYW	B	0.02%
	CWEN	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%
	CXT	B	0.02%
	APLS	D	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%
	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%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	SNDR	B	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%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%

IWR Underweight 162 Positions Relative to FNX

	Symbol	Grade	Weight
	AX	A	-0.46%
	SFM	A	-0.46%
	CNX	A	-0.43%
	QTWO	A	-0.43%
	SFBS	B	-0.42%
	NOG	A	-0.42%
	HLNE	B	-0.41%
	CORT	B	-0.41%
	HP	B	-0.4%
	KTB	B	-0.4%
	SM	B	-0.4%
	CSWI	A	-0.4%
	CRS	A	-0.4%
	MGY	A	-0.4%
	MOG.A	B	-0.39%
	CVLT	B	-0.39%
	MATX	C	-0.39%
	PTEN	C	-0.39%
	CMC	B	-0.39%
	HCC	B	-0.38%
	GPI	A	-0.38%
	COOP	B	-0.38%
	KNF	A	-0.38%
	ACIW	B	-0.38%
	OTTR	C	-0.37%
	AMR	C	-0.37%
	IOT	A	-0.37%
	ATKR	C	-0.37%
	ADTN	A	-0.37%
	DY	D	-0.36%
	URBN	C	-0.36%
	ENSG	D	-0.36%
	BCC	B	-0.36%
	PBF	D	-0.36%
	MLI	C	-0.35%
	MUR	D	-0.35%
	RDN	C	-0.35%
	LTH	C	-0.35%
	TMHC	B	-0.35%
	TEX	D	-0.35%
	CADE	B	-0.34%
	MOD	A	-0.34%
	PIPR	B	-0.34%
	HIMS	B	-0.33%
	RDNT	B	-0.33%
	RUSHA	C	-0.33%
	TPH	D	-0.33%
	SIG	B	-0.33%
	LBRT	D	-0.33%
	EXLS	B	-0.33%
	JXN	C	-0.32%
	CNO	A	-0.32%
	KBH	D	-0.32%
	MHO	D	-0.32%
	ABG	B	-0.31%
	ITRI	B	-0.31%
	MTH	D	-0.31%
	ESNT	D	-0.31%
	CRVL	A	-0.31%
	GMS	B	-0.31%
	ITGR	B	-0.3%
	ASO	F	-0.29%
	BOOT	D	-0.29%
	SR	A	-0.29%
	HRI	B	-0.29%
	GBDC	C	-0.29%
	OGS	A	-0.29%
	BKH	A	-0.29%
	CBT	C	-0.28%
	BMI	B	-0.28%
	POR	C	-0.28%
	EPRT	B	-0.28%
	AVAV	D	-0.28%
	UFPI	B	-0.28%
	BCO	D	-0.28%
	SUM	B	-0.27%
	BECN	B	-0.27%
	ENS	D	-0.27%
	AIT	A	-0.26%
	LNTH	D	-0.25%
	SLG	B	-0.24%
	ABCB	B	-0.24%
	WHD	B	-0.24%
	FFIN	B	-0.24%
	HWC	B	-0.24%
	SANM	B	-0.24%
	VLY	B	-0.24%
	SWX	B	-0.23%
	MMSI	B	-0.23%
	HASI	D	-0.23%
	AEO	F	-0.23%
	PNM	F	-0.23%
	PI	D	-0.23%
	CRC	B	-0.23%
	ZETA	D	-0.23%
	BDC	B	-0.22%
	RIG	D	-0.22%
	ANF	C	-0.22%
	BOX	B	-0.22%
	AUR	C	-0.22%
	FSS	B	-0.21%
	SBRA	C	-0.21%
	ALKS	B	-0.21%
	INSM	C	-0.2%
	ASGN	F	-0.2%
	VRNS	D	-0.19%
	CRDO	B	-0.19%
	IBP	D	-0.18%
	DIOD	D	-0.18%
	MMS	F	-0.18%
	UMBF	B	-0.17%
	KAI	A	-0.17%
	IBOC	A	-0.17%
	SSB	B	-0.16%
	ACA	A	-0.16%
	RUN	F	-0.16%
	HALO	F	-0.16%
	AUB	B	-0.16%
	HOMB	A	-0.16%
	UBSI	B	-0.16%
	ONB	B	-0.16%
	UCB	A	-0.16%
	HGV	B	-0.16%
	WTS	B	-0.15%
	NJR	A	-0.15%
	AXSM	B	-0.15%
	TMDX	F	-0.15%
	CNS	B	-0.15%
	SEM	B	-0.15%
	GKOS	B	-0.15%
	BLKB	B	-0.14%
	KFY	B	-0.14%
	AVNT	B	-0.14%
	FELE	B	-0.14%
	RNA	D	-0.13%
	FUL	F	-0.13%
	WD	D	-0.13%
	EXPO	D	-0.12%
	CLSK	C	-0.1%
	RVMD	C	-0.09%
	SIGI	C	-0.08%
	MAIN	A	-0.08%
	GOLF	B	-0.08%
	CWST	A	-0.08%
	FLR	B	-0.08%
	MARA	C	-0.08%
	GATX	A	-0.08%
	BPMC	C	-0.07%
	CTRE	D	-0.07%
	BCPC	B	-0.07%
	KRG	B	-0.07%
	SKY	A	-0.07%
	ORA	B	-0.07%
	ALIT	C	-0.07%
	IRT	A	-0.07%
	RHP	B	-0.07%
	VRRM	D	-0.06%
	NSP	D	-0.06%
	PFSI	D	-0.06%
	TNET	D	-0.06%
	OPCH	D	-0.05%
	NSIT	F	-0.05%

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

FNX: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Oil & Gas E&P Asset Management Diversified Industrials Software - Application Software - Infrastructure Building Materials Business Services Information Technology Services Packaging & Containers Auto & Truck Dealerships Insurance - Property & Casualty Specialty Chemicals Specialty Retail Apparel Stores Leisure Packaged Foods REIT - Diversified Residential Construction

Keywords: S&P 500 Banking Bank Natural Gas Insurance Mining Real Estate Investment Trust Chemical Computing Construction Medicine Electronics Aerospace Building Materials Electricity Deposit Products IBD 50 Insurance Products Supply Chain Management Transport