IWR vs. IMCB ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares Morningstar Mid-Cap ETF (IMCB)

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

$93.49

Average Daily Volume

1,460,358

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

IMCB

iShares Morningstar Mid-Cap ETF

IMCB Description

IMCB is a passively-managed portfolio that offers exposure to a blend of growth and value stocks in the US mid-cap space. Stocks are selected based on Morningstars index methodology that uses fundamental factors. This methodology identifies growth securities as those with relatively above-average historical and forecasted earnings, sales, equity, and cash flow growth, while value securities as those with relatively low valuations based on price-to-book ratios, price-to-earnings ratios and other factors. The underlying index is reconstituted twice annually and rebalanced quarterly. Prior to March 19, 2021, the fund tracked the Morningstar US Mid Core Index under the ticker JKG.

Grade (RS Rating)

Last Trade

$80.60

Average Daily Volume

28,223

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	IWR	IMCB
30 Days	5.29%	4.97%
60 Days	7.26%	6.88%
90 Days	8.75%	8.57%
12 Months	32.54%	31.29%

415 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in IMCB	Overlap
A	D	0.31%	0.34%	0.31%
ACGL	C	0.3%	0.33%	0.3%
ACI	C	0.07%	0.07%	0.07%
ACM	B	0.12%	0.13%	0.12%
ADM	D	0.21%	0.22%	0.21%
AEE	A	0.2%	0.21%	0.2%
AES	F	0.08%	0.09%	0.08%
AFG	A	0.08%	0.09%	0.08%
AFL	B	0.51%	0.49%	0.49%
AGR	A	0.02%	0.02%	0.02%
AKAM	D	0.11%	0.12%	0.11%
ALAB	B	0.02%	0.02%	0.02%
ALB	B	0.1%	0.11%	0.1%
ALGN	D	0.14%	0.15%	0.14%
ALL	A	0.43%	0.45%	0.43%
ALLE	C	0.1%	0.11%	0.1%
ALLY	C	0.08%	0.09%	0.08%
ALNY	D	0.24%	0.28%	0.24%
AMCR	C	0.12%	0.13%	0.12%
AME	A	0.37%	0.39%	0.37%
AMH	C	0.1%	0.11%	0.1%
AMP	A	0.46%	0.49%	0.46%
ANSS	B	0.24%	0.26%	0.24%
AOS	F	0.07%	0.08%	0.07%
APA	D	0.07%	0.07%	0.07%
APP	B	0.63%	0.52%	0.52%
APTV	F	0.12%	0.11%	0.11%
AR	B	0.07%	0.08%	0.07%
ARE	F	0.15%	0.15%	0.15%
ARES	A	0.25%	0.28%	0.25%
ATO	A	0.18%	0.19%	0.18%
AVB	B	0.27%	0.28%	0.27%
AVTR	F	0.12%	0.13%	0.12%
AVY	F	0.13%	0.14%	0.13%
AWK	C	0.22%	0.23%	0.22%
AXON	A	0.35%	0.38%	0.35%
AZPN	A	0.05%	0.06%	0.05%
BAH	F	0.16%	0.17%	0.16%
BALL	F	0.15%	0.17%	0.15%
BAX	F	0.13%	0.14%	0.13%
BBY	D	0.16%	0.16%	0.16%
BEN	C	0.05%	0.05%	0.05%
BG	D	0.1%	0.11%	0.1%
BIIB	F	0.19%	0.21%	0.19%
BJ	A	0.1%	0.09%	0.09%
BK	A	0.48%	0.5%	0.48%
BKR	A	0.35%	0.38%	0.35%
BLD	D	0.09%	0.1%	0.09%
BLDR	D	0.17%	0.19%	0.17%
BMRN	F	0.1%	0.11%	0.1%
BR	A	0.22%	0.23%	0.22%
BRKR	D	0.05%	0.05%	0.05%
BRO	B	0.22%	0.24%	0.22%
BSY	F	0.05%	0.06%	0.05%
BURL	B	0.14%	0.15%	0.14%
BXP	C	0.1%	0.11%	0.1%
CAG	F	0.1%	0.12%	0.1%
CAH	B	0.24%	0.26%	0.24%
CASY	A	0.12%	0.13%	0.12%
CBRE	B	0.33%	0.35%	0.33%
CCI	C	0.37%	0.39%	0.37%
CCK	D	0.09%	0.1%	0.09%
CCL	A	0.2%	0.21%	0.2%
CDW	F	0.2%	0.21%	0.2%
CE	F	0.07%	0.07%	0.07%
CELH	F	0.04%	0.04%	0.04%
CF	A	0.13%	0.14%	0.13%
CFG	B	0.17%	0.19%	0.17%
CG	B	0.09%	0.1%	0.09%
CHD	A	0.22%	0.23%	0.22%
CHDN	B	0.08%	0.09%	0.08%
CHTR	C	0.3%	0.34%	0.3%
CINF	A	0.19%	0.2%	0.19%
CLH	C	0.1%	0.11%	0.1%
CLX	A	0.17%	0.18%	0.17%
CMI	A	0.41%	0.44%	0.41%
CMS	C	0.17%	0.18%	0.17%
CNC	D	0.25%	0.27%	0.25%
CNH	C	0.08%	0.09%	0.08%
CNM	D	0.07%	0.07%	0.07%
CNP	A	0.16%	0.17%	0.16%
COIN	C	0.5%	0.48%	0.48%
COO	D	0.16%	0.17%	0.16%
COR	B	0.33%	0.37%	0.33%
COTY	F	0.02%	0.03%	0.02%
CPAY	A	0.2%	0.23%	0.2%
CPB	D	0.07%	0.08%	0.07%
CPNG	D	0.23%	0.27%	0.23%
CPT	B	0.1%	0.11%	0.1%
CRL	D	0.08%	0.09%	0.08%
CSGP	D	0.24%	0.27%	0.24%
CSL	C	0.17%	0.18%	0.17%
CTRA	B	0.16%	0.17%	0.16%
CTSH	B	0.32%	0.36%	0.32%
CTVA	C	0.32%	0.35%	0.32%
DAL	B	0.34%	0.37%	0.34%
DAY	B	0.09%	0.11%	0.09%
DD	C	0.28%	0.31%	0.28%
DDOG	A	0.31%	0.34%	0.31%
DECK	A	0.22%	0.24%	0.22%
DFS	B	0.36%	0.38%	0.36%
DG	F	0.14%	0.15%	0.14%
DGX	A	0.15%	0.15%	0.15%
DHI	F	0.39%	0.43%	0.39%
DINO	D	0.05%	0.06%	0.05%
DKNG	B	0.15%	0.17%	0.15%
DKS	D	0.09%	0.1%	0.09%
DLR	B	0.48%	0.51%	0.48%
DLTR	F	0.11%	0.12%	0.11%
DOC	C	0.12%	0.13%	0.12%
DOCU	B	0.13%	0.14%	0.13%
DOV	A	0.23%	0.24%	0.23%
DOW	F	0.26%	0.28%	0.26%
DPZ	C	0.12%	0.13%	0.12%
DRI	B	0.16%	0.18%	0.16%
DT	D	0.13%	0.13%	0.13%
DTE	C	0.2%	0.22%	0.2%
DVA	C	0.07%	0.07%	0.07%
DVN	F	0.2%	0.22%	0.2%
DXCM	C	0.25%	0.26%	0.25%
EA	A	0.36%	0.35%	0.35%
EBAY	D	0.26%	0.28%	0.26%
ED	C	0.28%	0.29%	0.28%
EFX	F	0.25%	0.28%	0.25%
EG	C	0.13%	0.14%	0.13%
EIX	B	0.26%	0.28%	0.26%
ELS	C	0.11%	0.11%	0.11%
EME	A	0.19%	0.21%	0.19%
EMN	C	0.1%	0.11%	0.1%
ENPH	F	0.06%	0.08%	0.06%
ENTG	D	0.12%	0.13%	0.12%
EPAM	B	0.11%	0.12%	0.11%
EQH	C	0.12%	0.12%	0.12%
EQR	C	0.23%	0.22%	0.22%
EQT	B	0.21%	0.21%	0.21%
ES	C	0.18%	0.19%	0.18%
ESS	B	0.16%	0.17%	0.16%
ETR	B	0.26%	0.27%	0.26%
EVRG	A	0.12%	0.13%	0.12%
EXAS	D	0.07%	0.08%	0.07%
EXC	C	0.32%	0.33%	0.32%
EXE	A	0.18%	0.17%	0.17%
EXPD	C	0.14%	0.15%	0.14%
EXPE	B	0.19%	0.2%	0.19%
EXR	C	0.28%	0.3%	0.28%
FANG	C	0.27%	0.28%	0.27%
FAST	B	0.39%	0.41%	0.39%
FCNCA	A	0.22%	0.24%	0.22%
FDS	B	0.15%	0.17%	0.15%
FE	C	0.2%	0.18%	0.18%
FERG	B	0.33%	0.36%	0.33%
FFIV	B	0.11%	0.13%	0.11%
FICO	B	0.44%	0.5%	0.44%
FIS	C	0.41%	0.44%	0.41%
FITB	B	0.26%	0.28%	0.26%
FIX	A	0.13%	0.14%	0.13%
FND	D	0.09%	0.1%	0.09%
FNF	B	0.13%	0.14%	0.13%
FOX	A	0.05%	0.05%	0.05%
FOXA	A	0.09%	0.1%	0.09%
FSLR	F	0.17%	0.17%	0.17%
FTV	C	0.22%	0.23%	0.22%
FWONA	A	0.01%	0.02%	0.01%
FWONK	A	0.14%	0.16%	0.14%
GDDY	A	0.21%	0.22%	0.21%
GEHC	D	0.31%	0.29%	0.29%
GEN	B	0.13%	0.15%	0.13%
GGG	B	0.12%	0.13%	0.12%
GIS	D	0.29%	0.32%	0.29%
GLPI	C	0.11%	0.11%	0.11%
GLW	B	0.29%	0.32%	0.29%
GPC	D	0.14%	0.15%	0.14%
GPN	B	0.24%	0.26%	0.24%
GRMN	B	0.27%	0.29%	0.27%
GWW	B	0.42%	0.46%	0.42%
HAL	C	0.22%	0.23%	0.22%
HBAN	A	0.21%	0.22%	0.21%
HEI	A	0.14%	0.15%	0.14%
HEI	A	0.14%	0.1%	0.1%
HEI	A	0.1%	0.15%	0.1%
HEI	A	0.1%	0.1%	0.1%
HES	B	0.33%	0.36%	0.33%
HIG	B	0.28%	0.3%	0.28%
HII	F	0.06%	0.07%	0.06%
HLT	A	0.5%	0.54%	0.5%
HOLX	D	0.15%	0.16%	0.15%
HOOD	B	0.18%	0.15%	0.15%
HPE	B	0.23%	0.24%	0.23%
HPQ	B	0.3%	0.32%	0.3%
HRL	D	0.07%	0.08%	0.07%
HST	C	0.1%	0.11%	0.1%
HSY	F	0.21%	0.23%	0.21%
HUBB	B	0.19%	0.21%	0.19%
HUBS	A	0.27%	0.31%	0.27%
HUM	C	0.27%	0.3%	0.27%
HWM	A	0.37%	0.41%	0.37%
IBKR	A	0.16%	0.17%	0.16%
IDXX	F	0.29%	0.31%	0.29%
IEX	C	0.14%	0.15%	0.14%
IFF	D	0.18%	0.2%	0.18%
ILMN	C	0.18%	0.2%	0.18%
INCY	C	0.1%	0.11%	0.1%
INVH	D	0.17%	0.17%	0.17%
IP	A	0.16%	0.17%	0.16%
IPG	D	0.08%	0.1%	0.08%
IQV	F	0.29%	0.33%	0.29%
IR	B	0.34%	0.37%	0.34%
IRM	C	0.28%	0.29%	0.28%
IT	C	0.32%	0.36%	0.32%
J	D	0.14%	0.16%	0.14%
JBHT	C	0.12%	0.14%	0.12%
JBL	C	0.12%	0.13%	0.12%
JKHY	D	0.1%	0.11%	0.1%
JNPR	D	0.1%	0.11%	0.1%
K	A	0.17%	0.19%	0.17%
KEY	B	0.15%	0.16%	0.15%
KEYS	A	0.21%	0.24%	0.21%
KIM	A	0.14%	0.15%	0.14%
KMI	A	0.44%	0.46%	0.44%
KMX	B	0.1%	0.11%	0.1%
KR	B	0.32%	0.35%	0.32%
KVUE	A	0.38%	0.36%	0.36%
L	A	0.12%	0.14%	0.12%
LDOS	C	0.18%	0.2%	0.18%
LECO	C	0.09%	0.11%	0.09%
LEN	D	0.01%	0.35%	0.01%
LEN	D	0.33%	0.35%	0.33%
LEN	D	0.01%	0.01%	0.01%
LEN	D	0.33%	0.01%	0.01%
LH	B	0.16%	0.18%	0.16%
LHX	C	0.38%	0.41%	0.38%
LII	A	0.16%	0.17%	0.16%
LKQ	F	0.08%	0.09%	0.08%
LNG	A	0.4%	0.42%	0.4%
LNT	A	0.13%	0.13%	0.13%
LPLA	A	0.19%	0.21%	0.19%
LUV	C	0.16%	0.17%	0.16%
LVS	B	0.14%	0.17%	0.14%
LW	C	0.09%	0.1%	0.09%
LYB	F	0.18%	0.19%	0.18%
LYV	A	0.17%	0.17%	0.17%
MAA	B	0.15%	0.16%	0.15%
MANH	D	0.14%	0.15%	0.14%
MAS	D	0.14%	0.15%	0.14%
MCHP	F	0.27%	0.31%	0.27%
MDB	B	0.16%	0.18%	0.16%
MEDP	D	0.07%	0.07%	0.07%
MGM	D	0.07%	0.08%	0.07%
MKC	C	0.15%	0.17%	0.15%
MKL	A	0.18%	0.19%	0.18%
MLM	C	0.29%	0.32%	0.29%
MOH	F	0.14%	0.16%	0.14%
MORN	B	0.07%	0.08%	0.07%
MOS	F	0.07%	0.08%	0.07%
MPWR	F	0.22%	0.24%	0.22%
MRO	B	0.13%	0.14%	0.13%
MSCI	C	0.38%	0.42%	0.38%
MSTR	B	0.44%	0.5%	0.44%
MTB	A	0.29%	0.31%	0.29%
MTD	F	0.21%	0.23%	0.21%
NBIX	C	0.1%	0.11%	0.1%
NDAQ	A	0.27%	0.27%	0.27%
NDSN	B	0.12%	0.12%	0.12%
NET	B	0.22%	0.24%	0.22%
NI	A	0.14%	0.14%	0.14%
NRG	B	0.16%	0.17%	0.16%
NTAP	C	0.2%	0.21%	0.2%
NTNX	B	0.14%	0.15%	0.14%
NTRA	A	0.14%	0.16%	0.14%
NTRS	A	0.18%	0.19%	0.18%
NUE	C	0.29%	0.31%	0.29%
NVR	D	0.21%	0.24%	0.21%
NVT	B	0.1%	0.11%	0.1%
NWS	A	0.03%	0.03%	0.03%
NWSA	A	0.09%	0.1%	0.09%
O	C	0.41%	0.43%	0.41%
OC	A	0.14%	0.15%	0.14%
ODFL	C	0.35%	0.37%	0.35%
OKE	A	0.53%	0.55%	0.53%
OKTA	C	0.1%	0.11%	0.1%
OMC	C	0.15%	0.18%	0.15%
ON	D	0.23%	0.25%	0.23%
OTIS	C	0.33%	0.36%	0.33%
OVV	B	0.1%	0.11%	0.1%
PAG	B	0.02%	0.03%	0.02%
PAYC	B	0.09%	0.1%	0.09%
PAYX	B	0.38%	0.42%	0.38%
PCG	A	0.37%	0.39%	0.37%
PCOR	B	0.06%	0.06%	0.06%
PEG	A	0.37%	0.38%	0.37%
PFG	D	0.16%	0.18%	0.16%
PFGC	B	0.11%	0.12%	0.11%
PHM	D	0.22%	0.24%	0.22%
PINS	F	0.14%	0.15%	0.14%
PKG	A	0.17%	0.19%	0.17%
PLTR	B	1.09%	1.04%	1.04%
PNR	A	0.14%	0.15%	0.14%
PODD	C	0.15%	0.16%	0.15%
POOL	C	0.11%	0.12%	0.11%
PPG	F	0.24%	0.26%	0.24%
PPL	A	0.21%	0.22%	0.21%
PRU	A	0.38%	0.4%	0.38%
PSTG	D	0.12%	0.13%	0.12%
PTC	B	0.19%	0.2%	0.19%
PWR	A	0.39%	0.42%	0.39%
QRVO	F	0.05%	0.06%	0.05%
RBLX	C	0.21%	0.24%	0.21%
RCL	A	0.45%	0.48%	0.45%
REG	A	0.11%	0.11%	0.11%
RF	A	0.2%	0.21%	0.2%
RGA	A	0.13%	0.13%	0.13%
RJF	A	0.25%	0.27%	0.25%
RMD	C	0.28%	0.3%	0.28%
RNR	C	0.11%	0.12%	0.11%
ROK	C	0.27%	0.29%	0.27%
ROL	B	0.12%	0.13%	0.12%
ROST	D	0.38%	0.41%	0.38%
RPM	A	0.14%	0.15%	0.14%
RPRX	D	0.08%	0.09%	0.08%
RRX	B	0.09%	0.1%	0.09%
RS	B	0.15%	0.15%	0.15%
RVTY	F	0.11%	0.13%	0.11%
SAIA	B	0.11%	0.13%	0.11%
SBAC	D	0.2%	0.21%	0.2%
SCI	B	0.1%	0.11%	0.1%
SIRI	C	0.05%	0.06%	0.05%
SJM	D	0.09%	0.1%	0.09%
SMCI	F	0.08%	0.08%	0.08%
SNA	A	0.15%	0.17%	0.15%
SNX	D	0.07%	0.05%	0.05%
SOLV	D	0.08%	0.08%	0.08%
SPG	A	0.48%	0.48%	0.48%
SQ	A	0.39%	0.41%	0.39%
SRPT	F	0.08%	0.09%	0.08%
SSNC	B	0.13%	0.14%	0.13%
STE	D	0.18%	0.19%	0.18%
STLD	B	0.17%	0.18%	0.17%
STT	B	0.24%	0.25%	0.24%
SUI	C	0.13%	0.14%	0.13%
SW	A	0.22%	0.22%	0.22%
SWK	D	0.11%	0.12%	0.11%
SWKS	F	0.11%	0.12%	0.11%
SYF	B	0.21%	0.23%	0.21%
SYY	D	0.31%	0.33%	0.31%
TAP	C	0.09%	0.1%	0.09%
TDY	B	0.18%	0.2%	0.18%
TECH	F	0.09%	0.1%	0.09%
TER	F	0.13%	0.15%	0.13%
TFX	F	0.08%	0.08%	0.08%
THC	D	0.12%	0.14%	0.12%
TOL	B	0.13%	0.14%	0.13%
TPL	A	0.21%	0.23%	0.21%
TRGP	A	0.35%	0.37%	0.35%
TRMB	B	0.14%	0.15%	0.14%
TROW	B	0.21%	0.23%	0.21%
TRU	D	0.15%	0.17%	0.15%
TSCO	D	0.24%	0.26%	0.24%
TSN	B	0.15%	0.16%	0.15%
TTD	B	0.43%	0.49%	0.43%
TTEK	F	0.09%	0.1%	0.09%
TTWO	A	0.25%	0.26%	0.25%
TW	A	0.12%	0.13%	0.12%
TWLO	A	0.14%	0.14%	0.14%
TXT	D	0.13%	0.14%	0.13%
TYL	B	0.21%	0.23%	0.21%
U	C	0.04%	0.05%	0.04%
UAL	A	0.25%	0.26%	0.25%
UDR	B	0.12%	0.12%	0.12%
UHAL	D	0.05%	0.0%	0.0%
UHAL	D	0.0%	0.0%	0.0%
UHAL	D	0.05%	0.06%	0.05%
UHAL	D	0.0%	0.06%	0.0%
UHS	D	0.1%	0.11%	0.1%
ULTA	F	0.14%	0.16%	0.14%
UNM	A	0.1%	0.11%	0.1%
URI	C	0.46%	0.5%	0.46%
USFD	A	0.12%	0.13%	0.12%
UTHR	C	0.13%	0.13%	0.13%
VEEV	C	0.26%	0.3%	0.26%
VICI	C	0.27%	0.29%	0.27%
VLTO	C	0.21%	0.21%	0.21%
VMC	B	0.3%	0.33%	0.3%
VRSK	A	0.33%	0.36%	0.33%
VRSN	C	0.13%	0.14%	0.13%
VRT	B	0.36%	0.39%	0.36%
VST	A	0.4%	0.4%	0.4%
VTR	B	0.21%	0.23%	0.21%
VTRS	A	0.13%	0.13%	0.13%
WAB	B	0.28%	0.3%	0.28%
WAT	C	0.17%	0.2%	0.17%
WBA	F	0.05%	0.06%	0.05%
WBD	B	0.18%	0.19%	0.18%
WDC	D	0.17%	0.18%	0.17%
WEC	A	0.26%	0.27%	0.26%
WING	D	0.08%	0.09%	0.08%
WLK	D	0.03%	0.04%	0.03%
WMB	A	0.57%	0.59%	0.57%
WMS	F	0.08%	0.08%	0.08%
WPC	C	0.1%	0.1%	0.1%
WRB	A	0.15%	0.16%	0.15%
WSM	C	0.14%	0.14%	0.14%
WSO	A	0.15%	0.16%	0.15%
WST	C	0.19%	0.22%	0.19%
WTRG	B	0.08%	0.08%	0.08%
WTW	B	0.26%	0.29%	0.26%
WY	F	0.19%	0.2%	0.19%
WYNN	C	0.08%	0.08%	0.08%
XEL	A	0.32%	0.34%	0.32%
XPO	B	0.14%	0.15%	0.14%
XYL	D	0.24%	0.26%	0.24%
YUM	D	0.31%	0.34%	0.31%
ZBH	C	0.19%	0.2%	0.19%
ZBRA	B	0.16%	0.18%	0.16%
ZM	C	0.18%	0.17%	0.17%
ZS	B	0.15%	0.17%	0.15%

IWR Overweight 394 Positions Relative to IMCB

Symbol	Grade	Weight
AJG	A	0.52%
CVNA	B	0.21%
CBOE	C	0.17%
TOST	B	0.15%
GWRE	A	0.13%
SOFI	B	0.12%
EWBC	A	0.12%
CHRW	B	0.11%
JEF	A	0.11%
AFRM	A	0.11%
TPR	B	0.11%
TXRH	B	0.11%
CW	C	0.11%
BWXT	B	0.1%
Z	A	0.1%
FTI	A	0.1%
JLL	D	0.1%
ITT	A	0.1%
COHR	B	0.1%
WBS	A	0.09%
PRI	B	0.09%
CACI	D	0.09%
PNW	A	0.09%
GNRC	C	0.09%
CTLT	C	0.09%
CAVA	B	0.09%
EVR	B	0.09%
CUBE	C	0.09%
LAMR	C	0.09%
ATR	B	0.09%
AA	A	0.09%
FHN	A	0.09%
DUOL	A	0.09%
NCLH	B	0.09%
OWL	A	0.09%
AIZ	A	0.09%
SF	B	0.09%
FBIN	D	0.08%
AAON	B	0.08%
TPX	B	0.08%
GMED	A	0.08%
DCI	B	0.08%
RGLD	C	0.08%
INGR	C	0.08%
ORI	A	0.08%
FRT	B	0.08%
BRBR	A	0.08%
TKO	A	0.08%
PNFP	B	0.08%
AAL	B	0.08%
DOX	D	0.08%
CIEN	C	0.08%
MKTX	D	0.08%
PR	B	0.08%
GL	C	0.08%
HLI	A	0.08%
WAL	B	0.08%
LBRDK	C	0.08%
ARMK	B	0.08%
EHC	B	0.08%
MUSA	B	0.08%
DTM	A	0.08%
NLY	C	0.08%
OHI	C	0.08%
EXEL	B	0.08%
GME	C	0.08%
EXP	B	0.08%
AYI	B	0.08%
LAD	A	0.08%
ALSN	B	0.08%
WWD	C	0.08%
KNSL	B	0.08%
CHRD	D	0.07%
MTCH	D	0.07%
RRC	B	0.07%
X	B	0.07%
SEIC	B	0.07%
CZR	F	0.07%
SKX	D	0.07%
SNV	C	0.07%
APG	B	0.07%
CFR	B	0.07%
VOYA	B	0.07%
PLNT	A	0.07%
CHE	D	0.07%
RIVN	F	0.07%
EGP	D	0.07%
HRB	D	0.07%
RL	C	0.07%
GPK	C	0.07%
LNW	F	0.07%
NYT	D	0.07%
MTZ	B	0.07%
TTC	C	0.07%
CR	A	0.07%
GLOB	B	0.07%
WTFC	A	0.07%
CBSH	B	0.07%
ZION	B	0.07%
OGE	A	0.07%
ITCI	C	0.07%
FYBR	C	0.07%
HAS	D	0.07%
BILL	A	0.07%
CMA	B	0.07%
BRX	A	0.07%
PCTY	C	0.07%
ROKU	D	0.07%
KNX	C	0.07%
PEN	B	0.07%
HSIC	C	0.07%
AXTA	B	0.07%
WCC	B	0.07%
RBC	A	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	B	0.06%
CGNX	D	0.06%
FCN	F	0.06%
BPOP	C	0.06%
MTSI	B	0.06%
MASI	B	0.06%
ELAN	D	0.06%
R	B	0.06%
GXO	B	0.06%
FR	D	0.06%
ATI	C	0.06%
FRPT	A	0.06%
RGEN	D	0.06%
GNTX	C	0.06%
VFC	C	0.06%
ESTC	C	0.06%
ESAB	C	0.06%
MKSI	C	0.06%
AGNC	C	0.06%
GTLB	B	0.06%
BBWI	C	0.06%
OSK	C	0.06%
VNO	C	0.06%
S	B	0.06%
LPX	B	0.06%
MIDD	C	0.06%
COKE	C	0.06%
CART	C	0.06%
RLI	A	0.06%
RYAN	A	0.06%
WEX	D	0.06%
PB	B	0.06%
TREX	C	0.06%
MHK	D	0.06%
WH	B	0.06%
KEX	B	0.06%
SMAR	B	0.06%
RHI	C	0.06%
JAZZ	B	0.06%
ADC	A	0.06%
SSD	F	0.06%
OLED	F	0.06%
NNN	C	0.06%
BERY	C	0.06%
ONTO	F	0.06%
FLS	B	0.06%
KBR	F	0.06%
BWA	D	0.06%
G	B	0.06%
LITE	B	0.05%
RITM	C	0.05%
VVV	D	0.05%
PATH	C	0.05%
NFG	A	0.05%
THO	B	0.05%
OLLI	D	0.05%
PVH	C	0.05%
JHG	B	0.05%
ETSY	D	0.05%
CROX	D	0.05%
AGCO	D	0.05%
THG	A	0.05%
VNT	C	0.05%
AMG	B	0.05%
LFUS	D	0.05%
FNB	A	0.05%
WFRD	D	0.05%
IDA	A	0.05%
WHR	B	0.05%
LAZ	B	0.05%
FOUR	A	0.05%
BFAM	D	0.05%
DOCS	C	0.05%
STWD	C	0.05%
ARW	D	0.05%
BIO	C	0.05%
COLD	D	0.05%
SITE	F	0.05%
OMF	A	0.05%
ESI	B	0.05%
SAIC	F	0.05%
MAT	D	0.05%
NOV	C	0.05%
MSA	F	0.05%
KD	B	0.05%
WSC	F	0.05%
MTG	C	0.05%
IVZ	B	0.05%
PARA	C	0.05%
COLB	B	0.05%
LSTR	D	0.05%
ELF	C	0.05%
DBX	B	0.05%
FAF	A	0.05%
STAG	D	0.05%
LYFT	C	0.05%
AZEK	A	0.05%
HR	B	0.05%
M	F	0.04%
GAP	C	0.04%
KMPR	A	0.04%
RYN	D	0.04%
EEFT	B	0.04%
PSN	D	0.04%
SLGN	A	0.04%
KRC	B	0.04%
SEE	C	0.04%
CUZ	B	0.04%
LOPE	C	0.04%
RH	C	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	F	0.04%
OLN	F	0.04%
TKR	D	0.04%
SON	F	0.04%
BYD	B	0.04%
NXST	C	0.04%
INSP	D	0.04%
UGI	C	0.04%
AL	B	0.04%
BROS	A	0.04%
CIVI	D	0.04%
OZK	B	0.04%
AM	A	0.04%
VNOM	A	0.04%
VKTX	F	0.04%
APPF	B	0.04%
POST	C	0.04%
SLM	A	0.04%
LNC	C	0.04%
CLF	F	0.04%
CCCS	B	0.04%
LEA	F	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	C	0.03%
SMG	C	0.03%
PENN	C	0.03%
VAC	C	0.03%
ZI	D	0.03%
HUN	F	0.03%
YETI	D	0.03%
NCNO	C	0.03%
IRDM	D	0.03%
EPR	C	0.03%
ZG	A	0.03%
HIW	C	0.03%
PII	F	0.03%
ACHC	F	0.03%
FHB	B	0.03%
IAC	F	0.03%
NVST	B	0.03%
SPR	D	0.03%
W	D	0.03%
TNL	A	0.03%
NWL	C	0.03%
PRGO	C	0.03%
DNB	B	0.03%
XRAY	F	0.03%
MDU	D	0.03%
NEU	D	0.03%
DXC	B	0.03%
MSM	C	0.03%
ASH	F	0.03%
PEGA	B	0.03%
OGN	F	0.03%
LINE	F	0.03%
HOG	D	0.03%
FLO	D	0.03%
RARE	F	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	F	0.02%
UAA	C	0.02%
RKT	F	0.02%
QDEL	F	0.02%
LBTYK	A	0.02%
INFA	D	0.02%
LBTYA	F	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	A	0.02%
AAP	D	0.02%
HAYW	B	0.02%
CWEN	C	0.02%
JWN	D	0.02%
PINC	B	0.02%
ALGM	D	0.02%
CPRI	F	0.02%
SPB	C	0.02%
MP	C	0.02%
HHH	B	0.02%
ENOV	C	0.02%
MPW	F	0.02%
BOKF	B	0.02%
WU	F	0.02%
CXT	C	0.02%
APLS	F	0.02%
CACC	D	0.02%
DV	C	0.02%
FIVN	C	0.02%
TDC	D	0.02%
SAM	C	0.02%
COLM	C	0.02%
VIRT	A	0.02%
CC	C	0.02%
AMKR	D	0.02%
ECG	C	0.02%
AMED	F	0.02%
MAN	F	0.02%
RNG	C	0.02%
SNRE	D	0.02%
NSA	C	0.02%
LLYVK	A	0.02%
PK	C	0.02%
UWMC	D	0.01%
PLTK	B	0.01%
SEB	F	0.01%
TFSL	A	0.01%
WOLF	F	0.01%
LOAR	B	0.01%
CWEN	C	0.01%
CNA	C	0.01%
AS	A	0.01%
CERT	F	0.01%
PYCR	B	0.01%
DDS	B	0.01%
LLYVA	A	0.01%
UI	B	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%
UA	C	0.01%
CLVT	D	0.01%
BIRK	D	0.01%
CNXC	F	0.01%
PARAA	B	0.0%
SEG	B	0.0%
GRAL	B	0.0%
NFE	D	0.0%

IWR Underweight 38 Positions Relative to IMCB

Symbol	Grade	Weight
GEV	B	-0.79%
COF	C	-0.61%
ADSK	A	-0.58%
GM	C	-0.57%
CARR	C	-0.55%
FTNT	C	-0.54%
TFC	A	-0.54%
NSC	B	-0.53%
TRV	B	-0.52%
PCAR	B	-0.52%
WDAY	B	-0.51%
JCI	B	-0.5%
SRE	A	-0.5%
DASH	B	-0.47%
AZO	C	-0.47%
PSA	C	-0.46%
AEP	C	-0.44%
CPRT	B	-0.44%
AIG	B	-0.43%
NEM	D	-0.41%
TEL	B	-0.41%
D	C	-0.41%
KMB	C	-0.39%
VLO	C	-0.39%
F	C	-0.38%
STZ	D	-0.35%
TEAM	A	-0.35%
EW	C	-0.35%
KDP	F	-0.32%
LULU	C	-0.32%
DELL	B	-0.31%
KHC	F	-0.25%
STX	C	-0.17%
FLEX	B	-0.14%
EL	F	-0.13%
MRNA	F	-0.12%
SNAP	D	-0.1%
ERIE	D	-0.09%