IWR vs. HYBB ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares BB Rated Corporate Bond ETF (HYBB)

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

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.60

Average Daily Volume

53,807

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	IWR	HYBB
30 Days	6.87%	0.77%
60 Days	7.84%	-0.93%
90 Days	9.96%	0.18%
12 Months	34.02%	7.81%

133 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in HYBB	Overlap
AA	B	0.09%	0.06%	0.06%
AAL	B	0.08%	0.11%	0.08%
AAP	C	0.02%	0.03%	0.02%
ACI	C	0.07%	0.08%	0.07%
ACM	A	0.12%	0.14%	0.12%
ADT	C	0.02%	0.1%	0.02%
AES	F	0.08%	0.05%	0.05%
AIZ	A	0.09%	0.06%	0.06%
ALLY	C	0.08%	0.07%	0.07%
ALSN	B	0.08%	0.05%	0.05%
AM	A	0.04%	0.09%	0.04%
AMKR	D	0.02%	0.08%	0.02%
AR	B	0.07%	0.05%	0.05%
ASH	D	0.03%	0.05%	0.03%
AVTR	F	0.12%	0.11%	0.11%
AXTA	A	0.07%	0.08%	0.07%
BALL	D	0.15%	0.1%	0.1%
BBWI	D	0.06%	0.04%	0.04%
BERY	B	0.06%	0.03%	0.03%
BLD	D	0.09%	0.05%	0.05%
BLDR	D	0.17%	0.08%	0.08%
BWXT	B	0.1%	0.06%	0.06%
BYD	C	0.04%	0.12%	0.04%
CACC	D	0.02%	0.06%	0.02%
CCK	C	0.09%	0.06%	0.06%
CCL	B	0.2%	0.29%	0.2%
CHRD	D	0.07%	0.04%	0.04%
CHTR	C	0.3%	0.06%	0.06%
CIEN	B	0.08%	0.06%	0.06%
CIVI	D	0.04%	0.06%	0.04%
CLF	F	0.04%	0.05%	0.04%
CLH	B	0.1%	0.04%	0.04%
COHR	B	0.1%	0.14%	0.1%
COTY	F	0.02%	0.07%	0.02%
CRI	D	0.02%	0.08%	0.02%
CRL	C	0.08%	0.06%	0.06%
CXT	B	0.02%	0.04%	0.02%
CZR	F	0.07%	0.22%	0.07%
DAR	C	0.06%	0.07%	0.06%
DTE	C	0.2%	0.11%	0.11%
DVA	B	0.07%	0.14%	0.07%
EHC	B	0.08%	0.05%	0.05%
EIX	B	0.26%	0.07%	0.07%
ENTG	D	0.12%	0.05%	0.05%
ESAB	B	0.06%	0.11%	0.06%
ESI	A	0.05%	0.12%	0.05%
ESTC	C	0.06%	0.08%	0.06%
FOUR	B	0.05%	0.05%	0.05%
FTRE	D	0.01%	0.09%	0.01%
GAP	C	0.04%	0.1%	0.04%
GDDY	A	0.21%	0.09%	0.09%
GEN	B	0.13%	0.09%	0.09%
GPK	C	0.07%	0.04%	0.04%
HHH	B	0.02%	0.08%	0.02%
HLT	A	0.5%	0.07%	0.07%
HOLX	D	0.15%	0.06%	0.06%
IQV	D	0.29%	0.08%	0.08%
IRM	D	0.28%	0.07%	0.07%
JAZZ	B	0.06%	0.19%	0.06%
JWN	C	0.02%	0.05%	0.02%
KBR	F	0.06%	0.04%	0.04%
KSS	F	0.02%	0.04%	0.02%
LAD	A	0.08%	0.07%	0.07%
LAMR	D	0.09%	0.05%	0.05%
LPX	B	0.06%	0.05%	0.05%
LW	C	0.09%	0.08%	0.08%
LYV	A	0.17%	0.07%	0.07%
M	D	0.04%	0.02%	0.02%
MGM	D	0.07%	0.06%	0.06%
MOH	F	0.14%	0.09%	0.09%
MTDR	B	0.06%	0.08%	0.06%
MTN	C	0.06%	0.09%	0.06%
MUSA	A	0.08%	0.04%	0.04%
NCLH	B	0.09%	0.07%	0.07%
NRG	B	0.16%	0.06%	0.06%
NWL	B	0.03%	0.06%	0.03%
NWSA	B	0.09%	0.07%	0.07%
NXST	C	0.04%	0.13%	0.04%
OGN	D	0.03%	0.08%	0.03%
OLN	D	0.04%	0.07%	0.04%
OMF	A	0.05%	0.03%	0.03%
ON	D	0.23%	0.1%	0.1%
PAG	B	0.02%	0.07%	0.02%
PARA	C	0.05%	0.08%	0.05%
PCG	A	0.37%	0.14%	0.14%
PFGC	B	0.11%	0.14%	0.11%
PK	B	0.02%	0.09%	0.02%
POST	C	0.04%	0.15%	0.04%
PPC	C	0.02%	0.08%	0.02%
PR	B	0.08%	0.05%	0.05%
PRGO	B	0.03%	0.04%	0.03%
PTC	A	0.19%	0.07%	0.07%
RBLX	C	0.21%	0.13%	0.13%
RCL	A	0.45%	0.04%	0.04%
RNG	B	0.02%	0.07%	0.02%
RRC	B	0.07%	0.06%	0.06%
SBAC	D	0.2%	0.2%	0.2%
SCI	B	0.1%	0.08%	0.08%
SEE	C	0.04%	0.06%	0.04%
SIRI	C	0.05%	0.14%	0.05%
SLGN	A	0.04%	0.09%	0.04%
SLM	A	0.04%	0.08%	0.04%
SPR	D	0.03%	0.04%	0.03%
SQ	B	0.39%	0.13%	0.13%
ST	F	0.04%	0.06%	0.04%
STWD	C	0.05%	0.05%	0.05%
SYF	B	0.21%	0.11%	0.11%
TFX	F	0.08%	0.07%	0.07%
THC	D	0.12%	0.08%	0.08%
THO	B	0.05%	0.08%	0.05%
TNL	A	0.03%	0.04%	0.03%
TPX	B	0.08%	0.1%	0.08%
TWLO	A	0.14%	0.06%	0.06%
UA	C	0.01%	0.07%	0.01%
UAL	A	0.25%	0.27%	0.25%
URI	B	0.46%	0.07%	0.07%
VFC	C	0.06%	0.04%	0.04%
VNO	B	0.06%	0.05%	0.05%
VNOM	A	0.04%	0.06%	0.04%
VRT	B	0.36%	0.12%	0.12%
VST	B	0.4%	0.15%	0.15%
W	F	0.03%	0.11%	0.03%
WAL	B	0.08%	0.09%	0.08%
WBA	F	0.05%	0.03%	0.03%
WCC	B	0.07%	0.12%	0.07%
WDC	D	0.17%	0.33%	0.17%
WFRD	D	0.05%	0.25%	0.05%
WH	B	0.06%	0.08%	0.06%
WMS	D	0.08%	0.06%	0.06%
X	C	0.07%	0.04%	0.04%
XPO	B	0.14%	0.08%	0.08%
YUM	B	0.31%	0.04%	0.04%
ZBRA	B	0.16%	0.08%	0.08%

IWR Overweight 670 Positions Relative to HYBB

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%
BK	A	0.48%
DLR	B	0.48%
SPG	B	0.48%
AMP	A	0.46%
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%
FAST	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%
CCI	D	0.37%
HWM	A	0.37%
EA	A	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%
DDOG	A	0.31%
HPQ	B	0.3%
ACGL	D	0.3%
VMC	B	0.3%
IDXX	F	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%
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%
WTW	B	0.26%
FITB	A	0.26%
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%
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%
VTR	C	0.21%
NVR	D	0.21%
TROW	B	0.21%
KEYS	A	0.21%
CVNA	B	0.21%
CDW	F	0.2%
FE	C	0.2%
NTAP	C	0.2%
DVN	F	0.2%
RF	A	0.2%
AEE	A	0.2%
CPAY	A	0.2%
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%
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%
CTRA	B	0.16%
IBKR	A	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%
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%
WSO	A	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%
FDS	B	0.15%
SNA	A	0.15%
ZS	C	0.15%
TRU	D	0.15%
MKC	D	0.15%
OMC	C	0.15%
NI	A	0.14%
KIM	A	0.14%
NTRA	B	0.14%
WSM	B	0.14%
DG	F	0.14%
MANH	D	0.14%
OC	A	0.14%
ALGN	D	0.14%
FWONK	B	0.14%
NTNX	A	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%
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%
DT	C	0.13%
SUI	D	0.13%
TOL	B	0.13%
LNT	A	0.13%
FIX	A	0.13%
GWRE	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%
DOCU	A	0.13%
BAX	D	0.13%
ROL	B	0.12%
SOFI	A	0.12%
EQH	B	0.12%
JBL	B	0.12%
EVRG	A	0.12%
EWBC	A	0.12%
APTV	D	0.12%
NDSN	B	0.12%
UDR	B	0.12%
DOC	D	0.12%
AMCR	D	0.12%
USFD	A	0.12%
PSTG	D	0.12%
CASY	A	0.12%
DPZ	C	0.12%
JBHT	C	0.12%
TW	A	0.12%
L	A	0.12%
GGG	B	0.12%
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%
AKAM	D	0.11%
TXRH	C	0.11%
RNR	C	0.11%
SWKS	F	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%
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%
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%
CAG	D	0.1%
BG	F	0.1%
AMH	D	0.1%
WBS	A	0.09%
PRI	A	0.09%
CACI	D	0.09%
PNW	B	0.09%
FOXA	B	0.09%
TECH	D	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%
TAP	C	0.09%
SJM	D	0.09%
ATR	B	0.09%
CG	A	0.09%
TTEK	F	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%
LECO	B	0.09%
OWL	A	0.09%
SF	B	0.09%
FBIN	D	0.08%
AAON	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%
SOLV	C	0.08%
FRT	B	0.08%
BRBR	A	0.08%
TKO	B	0.08%
SRPT	D	0.08%
PNFP	B	0.08%
CNH	C	0.08%
DOX	D	0.08%
MKTX	D	0.08%
GL	B	0.08%
HLI	B	0.08%
WTRG	B	0.08%
CHDN	B	0.08%
LBRDK	C	0.08%
ARMK	B	0.08%
DTM	B	0.08%
NLY	C	0.08%
OHI	C	0.08%
AFG	A	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%
IPG	D	0.08%
WWD	B	0.08%
KNSL	B	0.08%
MTCH	D	0.07%
MEDP	D	0.07%
SEIC	B	0.07%
SKX	D	0.07%
SNV	B	0.07%
APG	B	0.07%
CE	F	0.07%
APA	D	0.07%
CNM	D	0.07%
CFR	B	0.07%
VOYA	B	0.07%
PLNT	A	0.07%
CPB	D	0.07%
CHE	D	0.07%
RIVN	F	0.07%
EGP	F	0.07%
HRB	D	0.07%
RL	B	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%
AOS	F	0.07%
CMA	A	0.07%
BRX	A	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%
RBC	A	0.07%
EXAS	D	0.07%
MORN	B	0.07%
REXR	F	0.07%
AWI	A	0.06%
H	B	0.06%
CFLT	B	0.06%
SN	D	0.06%
LSCC	D	0.06%
AXS	A	0.06%
VMI	B	0.06%
FMC	D	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%
MKSI	C	0.06%
AGNC	D	0.06%
GTLB	B	0.06%
OSK	B	0.06%
S	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%
KEX	C	0.06%
SMAR	A	0.06%
RHI	B	0.06%
ADC	B	0.06%
SSD	D	0.06%
OLED	D	0.06%
HII	D	0.06%
NNN	D	0.06%
ONTO	D	0.06%
FLS	B	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%
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%
IDA	A	0.05%
WHR	B	0.05%
LAZ	B	0.05%
BFAM	D	0.05%
DOCS	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%
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%
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%
KMPR	B	0.04%
RYN	D	0.04%
EEFT	B	0.04%
PSN	D	0.04%
CELH	F	0.04%
KRC	C	0.04%
CUZ	B	0.04%
LOPE	B	0.04%
RH	B	0.04%
AGO	B	0.04%
FIVE	F	0.04%
HCP	B	0.04%
ROIV	C	0.04%
AVT	C	0.04%
WTM	A	0.04%
HXL	D	0.04%
TKR	D	0.04%
SON	D	0.04%
INSP	D	0.04%
UGI	A	0.04%
AL	B	0.04%
BROS	B	0.04%
OZK	B	0.04%
U	C	0.04%
VKTX	F	0.04%
APPF	B	0.04%
LNC	B	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%
NWS	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%
PEGA	A	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%
WLK	D	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%
SHC	F	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%
ENOV	C	0.02%
MPW	F	0.02%
AGR	B	0.02%
BOKF	B	0.02%
WU	D	0.02%
APLS	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%
ECG	C	0.02%
AMED	F	0.02%
MAN	D	0.02%
SNRE	D	0.02%
NSA	D	0.02%
LLYVK	A	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%
FWONA	B	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 124 Positions Relative to HYBB

Symbol	Grade	Weight
JBLU	F	-0.3%
INGM	F	-0.29%
GTLS	B	-0.23%
GTN	F	-0.2%
TLN	B	-0.19%
VAL	D	-0.17%
TDG	D	-0.16%
BFH	B	-0.14%
AMCX	C	-0.13%
HLF	C	-0.12%
KNTK	B	-0.12%
HRI	B	-0.12%
HGV	B	-0.12%
HTZ	C	-0.12%
IGT	F	-0.11%
USM	B	-0.1%
SBH	C	-0.1%
CRWD	B	-0.1%
TRN	C	-0.1%
TEX	D	-0.09%
VSAT	F	-0.09%
ASGN	F	-0.09%
AVNT	B	-0.09%
AIR	B	-0.09%
CWK	B	-0.09%
IEP	F	-0.09%
ATSG	B	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
GNL	F	-0.08%
NEP	F	-0.08%
FLR	B	-0.08%
ACCO	C	-0.08%
LADR	B	-0.08%
OUT	A	-0.08%
SRCL	C	-0.08%
DO	D	-0.08%
CXW	B	-0.08%
ECPG	B	-0.08%
ALGT	B	-0.08%
NMRK	B	-0.08%
SNEX	B	-0.08%
MD	B	-0.07%
KFY	B	-0.07%
SAH	A	-0.07%
RLJ	C	-0.07%
COOP	B	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	C	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
FTAI	B	-0.07%
GHC	C	-0.07%
PHIN	A	-0.07%
TNET	D	-0.07%
NAVI	C	-0.07%
EPC	D	-0.07%
SCS	C	-0.07%
GPI	A	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
NGVT	B	-0.07%
PFSI	D	-0.07%
HLX	B	-0.06%
TCBI	B	-0.06%
MTX	B	-0.06%
TMHC	B	-0.06%
SM	B	-0.06%
PBH	A	-0.06%
BCC	B	-0.06%
RXO	C	-0.06%
TRS	B	-0.06%
HESM	B	-0.06%
TTMI	B	-0.06%
CCOI	B	-0.06%
ATKR	C	-0.06%
CNX	A	-0.06%
VSTO	A	-0.06%
RHP	B	-0.06%
LEVI	F	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	D	-0.06%
SXC	A	-0.06%
MUR	D	-0.05%
DFH	D	-0.05%
OII	B	-0.05%
DAN	D	-0.05%
AMN	F	-0.05%
WGO	C	-0.05%
CRS	A	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	B	-0.05%
FL	F	-0.05%
ABG	B	-0.05%
SUN	B	-0.05%
BXMT	C	-0.05%
CMC	B	-0.04%
REZI	A	-0.04%
FUL	F	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
FOR	F	-0.04%
GNW	A	-0.04%
ENS	D	-0.04%
LGIH	D	-0.04%
IMKTA	C	-0.04%
VLY	B	-0.04%
BDN	C	-0.04%
PRAA	C	-0.04%
CENT	C	-0.04%
HI	C	-0.04%
STX	D	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
CSTM	F	-0.03%