IWR vs. FTA ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

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

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA 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 Large 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 500(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

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	IWR	FTA
30 Days	6.87%	4.88%
60 Days	7.84%	5.23%
90 Days	9.96%	6.80%
12 Months	34.02%	26.69%

129 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in FTA	Overlap
ADM	D	0.21%	0.77%	0.21%
AEE	A	0.2%	0.72%	0.2%
AFL	B	0.51%	0.5%	0.5%
AKAM	D	0.11%	0.45%	0.11%
ALLY	C	0.08%	0.71%	0.08%
APTV	D	0.12%	0.66%	0.12%
ARE	D	0.15%	0.32%	0.15%
ATO	A	0.18%	0.73%	0.18%
AWK	D	0.22%	0.15%	0.15%
BBY	D	0.16%	0.45%	0.16%
BG	F	0.1%	0.8%	0.1%
BIIB	F	0.19%	0.44%	0.19%
BKR	B	0.35%	0.61%	0.35%
BLDR	D	0.17%	0.48%	0.17%
CAG	D	0.1%	0.14%	0.1%
CE	F	0.07%	0.48%	0.07%
CF	B	0.13%	0.7%	0.13%
CFG	B	0.17%	0.8%	0.17%
CHTR	C	0.3%	0.62%	0.3%
CINF	A	0.19%	0.96%	0.19%
CLX	B	0.17%	0.17%	0.17%
CMI	A	0.41%	0.19%	0.19%
CMS	C	0.17%	0.34%	0.17%
CNC	D	0.25%	0.55%	0.25%
CNP	B	0.16%	0.72%	0.16%
CPB	D	0.07%	0.16%	0.07%
CTRA	B	0.16%	0.93%	0.16%
CTSH	B	0.32%	0.73%	0.32%
CTVA	C	0.32%	0.17%	0.17%
DAL	C	0.34%	1.12%	0.34%
DD	D	0.28%	0.16%	0.16%
DG	F	0.14%	0.64%	0.14%
DGX	A	0.15%	0.52%	0.15%
DHI	D	0.39%	0.6%	0.39%
DOC	D	0.12%	0.33%	0.12%
DOW	F	0.26%	0.42%	0.26%
DRI	B	0.16%	0.36%	0.16%
DTE	C	0.2%	0.48%	0.2%
DVN	F	0.2%	0.88%	0.2%
EBAY	D	0.26%	0.49%	0.26%
ED	D	0.28%	0.64%	0.28%
EG	C	0.13%	0.82%	0.13%
EIX	B	0.26%	0.33%	0.26%
EQR	B	0.23%	0.5%	0.23%
EQT	B	0.21%	0.82%	0.21%
ETR	B	0.26%	0.78%	0.26%
EXC	C	0.32%	0.66%	0.32%
EXPD	D	0.14%	0.16%	0.14%
FANG	D	0.27%	0.74%	0.27%
FE	C	0.2%	0.32%	0.2%
FITB	A	0.26%	0.57%	0.26%
FNF	B	0.13%	0.34%	0.13%
FOXA	B	0.09%	0.98%	0.09%
FTV	C	0.22%	0.16%	0.16%
GIS	D	0.29%	0.31%	0.29%
GPC	D	0.14%	0.31%	0.14%
HAL	C	0.22%	0.91%	0.22%
HBAN	A	0.21%	0.84%	0.21%
HIG	B	0.28%	0.69%	0.28%
HOLX	D	0.15%	0.16%	0.15%
HPE	B	0.23%	0.92%	0.23%
HPQ	B	0.3%	0.36%	0.3%
HRL	D	0.07%	0.49%	0.07%
HSY	F	0.21%	0.33%	0.21%
HUM	C	0.27%	0.31%	0.27%
IEX	B	0.14%	0.18%	0.14%
IP	B	0.16%	0.6%	0.16%
J	F	0.14%	0.18%	0.14%
JBHT	C	0.12%	0.38%	0.12%
KEY	B	0.15%	0.4%	0.15%
KEYS	A	0.21%	0.17%	0.17%
KIM	A	0.14%	0.37%	0.14%
KMI	A	0.44%	0.85%	0.44%
KR	B	0.32%	0.72%	0.32%
L	A	0.12%	0.74%	0.12%
LEN	D	0.33%	0.79%	0.33%
LEN	D	0.01%	0.79%	0.01%
LH	C	0.16%	0.18%	0.16%
LHX	C	0.38%	0.18%	0.18%
LNG	B	0.4%	0.82%	0.4%
LNT	A	0.13%	0.5%	0.13%
LUV	C	0.16%	0.56%	0.16%
LYB	F	0.18%	0.76%	0.18%
MAA	B	0.15%	0.17%	0.15%
MAS	D	0.14%	0.16%	0.14%
MOH	F	0.14%	0.31%	0.14%
MTB	A	0.29%	0.61%	0.29%
NDSN	B	0.12%	0.17%	0.12%
NI	A	0.14%	0.53%	0.14%
NUE	C	0.29%	0.85%	0.29%
NVR	D	0.21%	0.33%	0.21%
NWSA	B	0.09%	0.38%	0.09%
OC	A	0.14%	0.78%	0.14%
ODFL	B	0.35%	0.19%	0.19%
OKE	A	0.53%	0.42%	0.42%
OMC	C	0.15%	0.17%	0.15%
ON	D	0.23%	0.65%	0.23%
PFG	D	0.16%	0.17%	0.16%
PHM	D	0.22%	0.79%	0.22%
PKG	A	0.17%	0.38%	0.17%
PPG	F	0.24%	0.33%	0.24%
PPL	B	0.21%	0.51%	0.21%
PRU	A	0.38%	0.36%	0.36%
RF	A	0.2%	0.58%	0.2%
RGA	A	0.13%	0.37%	0.13%
RJF	A	0.25%	0.46%	0.25%
RS	B	0.15%	0.94%	0.15%
SNA	A	0.15%	0.63%	0.15%
SSNC	B	0.13%	0.35%	0.13%
STLD	B	0.17%	0.96%	0.17%
STT	A	0.24%	0.55%	0.24%
SWKS	F	0.11%	0.6%	0.11%
SYF	B	0.21%	1.14%	0.21%
SYY	B	0.31%	0.49%	0.31%
TDY	B	0.18%	0.56%	0.18%
TOL	B	0.13%	0.87%	0.13%
TROW	B	0.21%	0.97%	0.21%
TSN	B	0.15%	0.38%	0.15%
TXT	D	0.13%	0.5%	0.13%
UAL	A	0.25%	1.4%	0.25%
ULTA	F	0.14%	0.5%	0.14%
VTRS	A	0.13%	0.76%	0.13%
WEC	A	0.26%	0.35%	0.26%
WLK	D	0.03%	0.3%	0.03%
WRB	A	0.15%	0.18%	0.15%
WY	D	0.19%	0.16%	0.16%
XEL	A	0.32%	0.74%	0.32%
ZBH	C	0.19%	0.71%	0.19%
ZM	B	0.18%	0.42%	0.18%

IWR Overweight 674 Positions Relative to FTA

Symbol	Grade	Weight
PLTR	B	1.09%
APP	B	0.63%
WMB	A	0.57%
AJG	B	0.52%
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%
MSTR	C	0.44%
FICO	B	0.44%
ALL	A	0.43%
TTD	B	0.43%
GWW	B	0.42%
O	D	0.41%
FIS	C	0.41%
VST	B	0.4%
FAST	B	0.39%
SQ	B	0.39%
PWR	A	0.39%
MSCI	C	0.38%
KVUE	A	0.38%
PAYX	C	0.38%
ROST	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%
AXON	A	0.35%
TRGP	B	0.35%
IR	B	0.34%
CBRE	B	0.33%
COR	B	0.33%
VRSK	A	0.33%
OTIS	C	0.33%
FERG	B	0.33%
HES	B	0.33%
IT	C	0.32%
GEHC	F	0.31%
A	D	0.31%
YUM	B	0.31%
DDOG	A	0.31%
ACGL	D	0.3%
VMC	B	0.3%
IDXX	F	0.29%
IQV	D	0.29%
GLW	B	0.29%
MLM	B	0.29%
IRM	D	0.28%
WAB	B	0.28%
RMD	C	0.28%
EXR	D	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%
MCHP	D	0.27%
VEEV	C	0.26%
WTW	B	0.26%
DXCM	D	0.25%
EFX	F	0.25%
ARES	A	0.25%
TTWO	A	0.25%
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%
DOV	A	0.23%
CPNG	D	0.23%
BRO	B	0.22%
FCNCA	A	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%
MTD	D	0.21%
TYL	B	0.21%
VLTO	D	0.21%
TPL	A	0.21%
VTR	C	0.21%
GDDY	A	0.21%
RBLX	C	0.21%
CVNA	B	0.21%
SBAC	D	0.2%
CDW	F	0.2%
NTAP	C	0.2%
CCL	B	0.2%
CPAY	A	0.2%
PTC	A	0.19%
WST	C	0.19%
EXPE	B	0.19%
EME	C	0.19%
LPLA	A	0.19%
HUBB	B	0.19%
NTRS	A	0.18%
HOOD	B	0.18%
ILMN	D	0.18%
EXE	B	0.18%
STE	F	0.18%
LDOS	C	0.18%
ES	D	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%
CSL	C	0.17%
INVH	D	0.17%
CBOE	B	0.17%
WAT	B	0.17%
K	A	0.17%
IBKR	A	0.16%
NRG	B	0.16%
BAH	F	0.16%
ESS	B	0.16%
COO	D	0.16%
LII	A	0.16%
ZBRA	B	0.16%
MDB	C	0.16%
WSO	A	0.15%
DKNG	B	0.15%
TOST	B	0.15%
PODD	C	0.15%
FDS	B	0.15%
ZS	C	0.15%
TRU	D	0.15%
MKC	D	0.15%
BALL	D	0.15%
TWLO	A	0.14%
NTRA	B	0.14%
WSM	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%
HEI	B	0.14%
BURL	A	0.14%
TRMB	B	0.14%
RPM	A	0.14%
PNR	A	0.14%
VRSN	F	0.13%
DT	C	0.13%
SUI	D	0.13%
FIX	A	0.13%
GWRE	A	0.13%
AVY	D	0.13%
UTHR	C	0.13%
MRO	B	0.13%
TER	D	0.13%
DOCU	A	0.13%
GEN	B	0.13%
BAX	D	0.13%
ROL	B	0.12%
SOFI	A	0.12%
AVTR	F	0.12%
EQH	B	0.12%
JBL	B	0.12%
EVRG	A	0.12%
EWBC	A	0.12%
ACM	A	0.12%
UDR	B	0.12%
AMCR	D	0.12%
ENTG	D	0.12%
USFD	A	0.12%
THC	D	0.12%
PSTG	D	0.12%
CASY	A	0.12%
DPZ	C	0.12%
TW	A	0.12%
GGG	B	0.12%
PFGC	B	0.11%
CHRW	C	0.11%
GLPI	C	0.11%
JEF	A	0.11%
DLTR	F	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%
RNR	C	0.11%
POOL	C	0.11%
RVTY	F	0.11%
REG	B	0.11%
CW	B	0.11%
SAIA	B	0.11%
FFIV	B	0.11%
BJ	A	0.1%
BWXT	B	0.1%
OVV	B	0.1%
Z	A	0.1%
UHS	D	0.1%
UNM	A	0.1%
NBIX	C	0.1%
OKTA	C	0.1%
EMN	D	0.1%
JNPR	F	0.1%
HEI	B	0.1%
NVT	B	0.1%
BMRN	D	0.1%
SCI	B	0.1%
FTI	A	0.1%
HST	C	0.1%
INCY	C	0.1%
WPC	D	0.1%
ALB	C	0.1%
ALLE	D	0.1%
KMX	B	0.1%
BXP	D	0.1%
CPT	B	0.1%
JLL	D	0.1%
ITT	A	0.1%
JKHY	D	0.1%
COHR	B	0.1%
CLH	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%
FND	C	0.09%
CUBE	D	0.09%
LW	C	0.09%
LAMR	D	0.09%
TAP	C	0.09%
BLD	D	0.09%
SJM	D	0.09%
ATR	B	0.09%
CG	A	0.09%
TTEK	F	0.09%
AA	B	0.09%
DKS	C	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%
LECO	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%
WMS	D	0.08%
RGLD	C	0.08%
WYNN	D	0.08%
INGR	B	0.08%
WING	D	0.08%
ORI	A	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%
MKTX	D	0.08%
PR	B	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%
AFG	A	0.08%
AES	F	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%
LAD	A	0.08%
IPG	D	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%
ACI	C	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%
DVA	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%
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%
AOS	F	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%
FOX	A	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%
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%
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%
GFS	C	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%
PAG	B	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%
UHAL	D	0.0%
NFE	D	0.0%

IWR Underweight 58 Positions Relative to FTA

Symbol	Grade	Weight
GM	B	-1.13%
PCAR	B	-1.02%
EOG	A	-0.97%
CVX	A	-0.96%
COP	C	-0.94%
F	C	-0.92%
AIG	B	-0.91%
VLO	C	-0.91%
CMCSA	B	-0.91%
XOM	B	-0.9%
WFC	A	-0.9%
T	A	-0.89%
PSX	C	-0.87%
COF	B	-0.86%
OXY	D	-0.86%
MPC	D	-0.85%
CVS	D	-0.77%
SRE	A	-0.76%
C	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
CRBG	B	-0.74%
SLB	C	-0.73%
CB	C	-0.7%
MS	A	-0.65%
VZ	C	-0.64%
BAC	A	-0.59%
TRV	B	-0.56%
USB	A	-0.56%
D	C	-0.5%
TGT	F	-0.5%
DUK	C	-0.49%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
KHC	F	-0.46%
DIS	B	-0.4%
PNC	B	-0.39%
CSCO	B	-0.38%
CSX	B	-0.36%
CARR	D	-0.33%
JNJ	D	-0.33%
KDP	D	-0.31%
ELV	F	-0.27%
PYPL	B	-0.19%
ACN	C	-0.18%
APD	A	-0.18%
GD	F	-0.17%
PEP	F	-0.17%
UPS	C	-0.17%
LOW	D	-0.17%
HD	A	-0.17%
SBUX	A	-0.17%
LMT	D	-0.16%
CI	F	-0.16%
MDT	D	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%