IWR vs. JPUS ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	IWR	JPUS
30 Days	6.87%	2.72%
60 Days	7.84%	2.86%
90 Days	9.96%	5.12%
12 Months	34.02%	27.89%

249 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in JPUS	Overlap
	ACGL	D	0.3%	0.31%	0.3%
	ACI	C	0.07%	0.31%	0.07%
	ADM	D	0.21%	0.34%	0.21%
	AFG	A	0.08%	0.06%	0.06%
	AFL	B	0.51%	0.38%	0.38%
	AGO	B	0.04%	0.05%	0.04%
	ALLY	C	0.08%	0.24%	0.08%
	ALSN	B	0.08%	0.42%	0.08%
	AM	A	0.04%	0.38%	0.04%
	AMP	A	0.46%	0.29%	0.29%
	AOS	F	0.07%	0.3%	0.07%
	ASH	D	0.03%	0.19%	0.03%
	ATO	A	0.18%	0.16%	0.16%
	AVB	B	0.27%	0.31%	0.27%
	AVY	D	0.13%	0.26%	0.13%
	BAH	F	0.16%	0.32%	0.16%
	BBY	D	0.16%	0.24%	0.16%
	BG	F	0.1%	0.34%	0.1%
	BLDR	D	0.17%	0.34%	0.17%
	BPOP	B	0.06%	0.21%	0.06%
	BRBR	A	0.08%	0.24%	0.08%
	BRX	A	0.07%	0.37%	0.07%
	CACI	D	0.09%	0.14%	0.09%
	CAG	D	0.1%	0.32%	0.1%
	CAH	B	0.24%	0.36%	0.24%
	CASY	A	0.12%	0.41%	0.12%
	CBOE	B	0.17%	0.25%	0.17%
	CBRE	B	0.33%	0.05%	0.05%
	CCI	D	0.37%	0.16%	0.16%
	CE	F	0.07%	0.2%	0.07%
	CF	B	0.13%	0.32%	0.13%
	CFG	B	0.17%	0.07%	0.07%
	CHD	B	0.22%	0.34%	0.22%
	CHE	D	0.07%	0.16%	0.07%
	CHTR	C	0.3%	0.4%	0.3%
	CIEN	B	0.08%	0.52%	0.08%
	CLF	F	0.04%	0.18%	0.04%
	CLH	B	0.1%	0.41%	0.1%
	CLX	B	0.17%	0.35%	0.17%
	CMI	A	0.41%	0.42%	0.41%
	CMS	C	0.17%	0.28%	0.17%
	CNM	D	0.07%	0.21%	0.07%
	COKE	C	0.06%	0.21%	0.06%
	COR	B	0.33%	0.39%	0.33%
	CPB	D	0.07%	0.33%	0.07%
	CPT	B	0.1%	0.17%	0.1%
	CRI	D	0.02%	0.03%	0.02%
	CRUS	D	0.04%	0.1%	0.04%
	CSL	C	0.17%	0.17%	0.17%
	CTRA	B	0.16%	0.35%	0.16%
	CTSH	B	0.32%	0.37%	0.32%
	CTVA	C	0.32%	0.3%	0.3%
	CUBE	D	0.09%	0.35%	0.09%
	CWEN	C	0.01%	0.05%	0.01%
	CWEN	C	0.02%	0.05%	0.02%
	DFS	B	0.36%	0.13%	0.13%
	DGX	A	0.15%	0.36%	0.15%
	DHI	D	0.39%	0.33%	0.33%
	DINO	D	0.05%	0.26%	0.05%
	DKS	C	0.09%	0.36%	0.09%
	DLB	B	0.03%	0.06%	0.03%
	DOW	F	0.26%	0.26%	0.26%
	DOX	D	0.08%	0.24%	0.08%
	DRI	B	0.16%	0.24%	0.16%
	DTE	C	0.2%	0.3%	0.2%
	DTM	B	0.08%	0.17%	0.08%
	DVA	B	0.07%	0.37%	0.07%
	DVN	F	0.2%	0.1%	0.1%
	EA	A	0.36%	0.19%	0.19%
	ED	D	0.28%	0.34%	0.28%
	EG	C	0.13%	0.28%	0.13%
	EGP	F	0.07%	0.06%	0.06%
	EIX	B	0.26%	0.36%	0.26%
	EMN	D	0.1%	0.32%	0.1%
	EPR	D	0.03%	0.17%	0.03%
	EQR	B	0.23%	0.2%	0.2%
	ESI	A	0.05%	0.3%	0.05%
	ESS	B	0.16%	0.37%	0.16%
	ETR	B	0.26%	0.46%	0.26%
	EVRG	A	0.12%	0.34%	0.12%
	EXC	C	0.32%	0.31%	0.31%
	EXP	A	0.08%	0.21%	0.08%
	FANG	D	0.27%	0.39%	0.27%
	FAST	B	0.39%	0.39%	0.39%
	FBIN	D	0.08%	0.12%	0.08%
	FCNCA	A	0.22%	0.43%	0.22%
	FE	C	0.2%	0.34%	0.2%
	FITB	A	0.26%	0.31%	0.26%
	FLO	D	0.03%	0.21%	0.03%
	FNF	B	0.13%	0.35%	0.13%
	FR	C	0.06%	0.16%	0.06%
	FRT	B	0.08%	0.09%	0.08%
	FTRE	D	0.01%	0.03%	0.01%
	FYBR	D	0.07%	0.37%	0.07%
	GAP	C	0.04%	0.2%	0.04%
	GEHC	F	0.31%	0.22%	0.22%
	GEN	B	0.13%	0.07%	0.07%
	GIS	D	0.29%	0.33%	0.29%
	GLPI	C	0.11%	0.34%	0.11%
	GNTX	C	0.06%	0.28%	0.06%
	GRMN	B	0.27%	0.43%	0.27%
	GWW	B	0.42%	0.43%	0.42%
	HBAN	A	0.21%	0.33%	0.21%
	HIG	B	0.28%	0.39%	0.28%
	HIW	D	0.03%	0.15%	0.03%
	HOG	D	0.03%	0.03%	0.03%
	HOLX	D	0.15%	0.28%	0.15%
	HPE	B	0.23%	0.3%	0.23%
	HRB	D	0.07%	0.36%	0.07%
	HRL	D	0.07%	0.35%	0.07%
	HST	C	0.1%	0.4%	0.1%
	HSY	F	0.21%	0.26%	0.21%
	HUBB	B	0.19%	0.35%	0.19%
	HUN	F	0.03%	0.16%	0.03%
	IDA	A	0.05%	0.02%	0.02%
	IFF	D	0.18%	0.21%	0.18%
	INGR	B	0.08%	0.42%	0.08%
	IP	B	0.16%	0.46%	0.16%
	IPG	D	0.08%	0.15%	0.08%
	IRDM	D	0.03%	0.06%	0.03%
	IRM	D	0.28%	0.39%	0.28%
	IT	C	0.32%	0.32%	0.32%
	ITT	A	0.1%	0.24%	0.1%
	JEF	A	0.11%	0.3%	0.11%
	JLL	D	0.1%	0.41%	0.1%
	JNPR	F	0.1%	0.38%	0.1%
	K	A	0.17%	0.38%	0.17%
	KEY	B	0.15%	0.06%	0.06%
	KIM	A	0.14%	0.33%	0.14%
	KMI	A	0.44%	0.48%	0.44%
	KR	B	0.32%	0.43%	0.32%
	KRC	C	0.04%	0.16%	0.04%
	KSS	F	0.02%	0.01%	0.01%
	KVUE	A	0.38%	0.39%	0.38%
	LAMR	D	0.09%	0.39%	0.09%
	LDOS	C	0.18%	0.22%	0.18%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.33%	0.36%	0.33%
	LEN	D	0.01%	0.36%	0.01%
	LH	C	0.16%	0.28%	0.16%
	LNG	B	0.4%	0.34%	0.34%
	LOPE	B	0.04%	0.09%	0.04%
	LPX	B	0.06%	0.08%	0.06%
	LSTR	D	0.05%	0.04%	0.04%
	LYB	F	0.18%	0.31%	0.18%
	M	D	0.04%	0.18%	0.04%
	MAA	B	0.15%	0.21%	0.15%
	MAS	D	0.14%	0.3%	0.14%
	MEDP	D	0.07%	0.19%	0.07%
	MOH	F	0.14%	0.14%	0.14%
	MOS	F	0.07%	0.17%	0.07%
	MRO	B	0.13%	0.37%	0.13%
	MSM	C	0.03%	0.25%	0.03%
	MTG	C	0.05%	0.35%	0.05%
	NEU	C	0.03%	0.18%	0.03%
	NFG	A	0.05%	0.3%	0.05%
	NI	A	0.14%	0.41%	0.14%
	NNN	D	0.06%	0.16%	0.06%
	NRG	B	0.16%	0.46%	0.16%
	NSA	D	0.02%	0.05%	0.02%
	NTAP	C	0.2%	0.31%	0.2%
	NUE	C	0.29%	0.3%	0.29%
	NVR	D	0.21%	0.38%	0.21%
	NXST	C	0.04%	0.36%	0.04%
	OC	A	0.14%	0.34%	0.14%
	OGE	B	0.07%	0.36%	0.07%
	OHI	C	0.08%	0.38%	0.08%
	OLN	D	0.04%	0.26%	0.04%
	OMF	A	0.05%	0.22%	0.05%
	ORI	A	0.08%	0.3%	0.08%
	PAG	B	0.02%	0.34%	0.02%
	PEG	A	0.37%	0.41%	0.37%
	PFG	D	0.16%	0.1%	0.1%
	PFGC	B	0.11%	0.46%	0.11%
	PHM	D	0.22%	0.38%	0.22%
	PK	B	0.02%	0.24%	0.02%
	PKG	A	0.17%	0.3%	0.17%
	PNW	B	0.09%	0.39%	0.09%
	POST	C	0.04%	0.35%	0.04%
	PPC	C	0.02%	0.21%	0.02%
	PPL	B	0.21%	0.39%	0.21%
	PR	B	0.08%	0.23%	0.08%
	PRU	A	0.38%	0.1%	0.1%
	PWR	A	0.39%	0.46%	0.39%
	R	B	0.06%	0.18%	0.06%
	RBC	A	0.07%	0.07%	0.07%
	REG	B	0.11%	0.38%	0.11%
	RF	A	0.2%	0.09%	0.09%
	RGA	A	0.13%	0.17%	0.13%
	RGLD	C	0.08%	0.08%	0.08%
	RHI	B	0.06%	0.17%	0.06%
	RMD	C	0.28%	0.07%	0.07%
	ROKU	D	0.07%	0.0%	0.0%
	ROST	C	0.38%	0.23%	0.23%
	RPM	A	0.14%	0.28%	0.14%
	RRC	B	0.07%	0.05%	0.05%
	RS	B	0.15%	0.38%	0.15%
	RVTY	F	0.11%	0.23%	0.11%
	SAIC	F	0.05%	0.08%	0.05%
	SAM	C	0.02%	0.24%	0.02%
	SCI	B	0.1%	0.18%	0.1%
	SJM	D	0.09%	0.21%	0.09%
	SLM	A	0.04%	0.11%	0.04%
	SMG	D	0.03%	0.1%	0.03%
	SNX	C	0.07%	0.24%	0.07%
	SON	D	0.04%	0.01%	0.01%
	SPB	C	0.02%	0.27%	0.02%
	SPG	B	0.48%	0.41%	0.41%
	SSNC	B	0.13%	0.04%	0.04%
	STAG	F	0.05%	0.23%	0.05%
	STE	F	0.18%	0.25%	0.18%
	STLD	B	0.17%	0.38%	0.17%
	STT	A	0.24%	0.13%	0.13%
	STWD	C	0.05%	0.18%	0.05%
	SWKS	F	0.11%	0.14%	0.11%
	SYF	B	0.21%	0.52%	0.21%
	SYY	B	0.31%	0.36%	0.31%
	TAP	C	0.09%	0.43%	0.09%
	THC	D	0.12%	0.4%	0.12%
	TKR	D	0.04%	0.19%	0.04%
	TNL	A	0.03%	0.07%	0.03%
	TOL	B	0.13%	0.42%	0.13%
	TRGP	B	0.35%	0.5%	0.35%
	TSCO	D	0.24%	0.34%	0.24%
	TSN	B	0.15%	0.37%	0.15%
	UGI	A	0.04%	0.31%	0.04%
	UHS	D	0.1%	0.33%	0.1%
	UI	A	0.01%	0.17%	0.01%
	UNM	A	0.1%	0.51%	0.1%
	USFD	A	0.12%	0.44%	0.12%
	UTHR	C	0.13%	0.42%	0.13%
	VICI	C	0.27%	0.33%	0.27%
	VIRT	B	0.02%	0.12%	0.02%
	VLTO	D	0.21%	0.04%	0.04%
	VST	B	0.4%	0.64%	0.4%
	VTR	C	0.21%	0.25%	0.21%
	VTRS	A	0.13%	0.23%	0.13%
	VVV	F	0.05%	0.11%	0.05%
	WEC	A	0.26%	0.34%	0.26%
	WLK	D	0.03%	0.32%	0.03%
	WMB	A	0.57%	0.41%	0.41%
	WPC	D	0.1%	0.21%	0.1%
	WRB	A	0.15%	0.12%	0.12%
	WSM	B	0.14%	0.31%	0.14%
	WST	C	0.19%	0.27%	0.19%
	WU	D	0.02%	0.11%	0.02%
	WY	D	0.19%	0.31%	0.19%
	X	C	0.07%	0.33%	0.07%
	XEL	A	0.32%	0.36%	0.32%

IWR Overweight 554 Positions Relative to JPUS

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	OKE	A	0.53%
	AJG	B	0.52%
	COIN	C	0.5%
	HLT	A	0.5%
	BK	A	0.48%
	DLR	B	0.48%
	URI	B	0.46%
	RCL	A	0.45%
	MSTR	C	0.44%
	FICO	B	0.44%
	ALL	A	0.43%
	TTD	B	0.43%
	O	D	0.41%
	FIS	C	0.41%
	SQ	B	0.39%
	MSCI	C	0.38%
	PAYX	C	0.38%
	LHX	C	0.38%
	AME	A	0.37%
	PCG	A	0.37%
	HWM	A	0.37%
	VRT	B	0.36%
	ODFL	B	0.35%
	BKR	B	0.35%
	AXON	A	0.35%
	DAL	C	0.34%
	IR	B	0.34%
	VRSK	A	0.33%
	OTIS	C	0.33%
	FERG	B	0.33%
	HES	B	0.33%
	A	D	0.31%
	YUM	B	0.31%
	DDOG	A	0.31%
	HPQ	B	0.3%
	VMC	B	0.3%
	IDXX	F	0.29%
	IQV	D	0.29%
	GLW	B	0.29%
	MTB	A	0.29%
	MLM	B	0.29%
	WAB	B	0.28%
	DD	D	0.28%
	EXR	D	0.28%
	NDAQ	A	0.27%
	ROK	B	0.27%
	HUBS	A	0.27%
	HUM	C	0.27%
	MCHP	D	0.27%
	EBAY	D	0.26%
	VEEV	C	0.26%
	WTW	B	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%
	CSGP	D	0.24%
	ANSS	B	0.24%
	XYL	D	0.24%
	GPN	B	0.24%
	ALNY	D	0.24%
	DOV	A	0.23%
	ON	D	0.23%
	CPNG	D	0.23%
	HAL	C	0.22%
	AWK	D	0.22%
	BRO	B	0.22%
	FTV	C	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%
	EQT	B	0.21%
	TYL	B	0.21%
	TPL	A	0.21%
	GDDY	A	0.21%
	RBLX	C	0.21%
	TROW	B	0.21%
	KEYS	A	0.21%
	CVNA	B	0.21%
	SBAC	D	0.2%
	CDW	F	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	CPAY	A	0.2%
	PTC	A	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%
	ZM	B	0.18%
	NTRS	A	0.18%
	HOOD	B	0.18%
	ILMN	D	0.18%
	EXE	B	0.18%
	ES	D	0.18%
	TDY	B	0.18%
	MKL	A	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	INVH	D	0.17%
	WAT	B	0.17%
	IBKR	A	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%
	WSO	A	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	PODD	C	0.15%
	ARE	D	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%
	TWLO	A	0.14%
	NTRA	B	0.14%
	DG	F	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%
	EXPD	D	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	GPC	D	0.14%
	BURL	A	0.14%
	TRMB	B	0.14%
	IEX	B	0.14%
	J	F	0.14%
	PNR	A	0.14%
	ULTA	F	0.14%
	VRSN	F	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	TXT	D	0.13%
	TER	D	0.13%
	DOCU	A	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%
	EWBC	A	0.12%
	APTV	D	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	PSTG	D	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%
	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%
	POOL	C	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%
	NBIX	C	0.1%
	OKTA	C	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%
	ALLE	D	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	FOXA	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%
	LW	C	0.09%
	NWSA	B	0.09%
	BLD	D	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	AA	B	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%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	SMCI	F	0.08%
	WMS	D	0.08%
	WYNN	D	0.08%
	WING	D	0.08%
	SOLV	C	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%
	MKTX	D	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%
	NLY	C	0.08%
	AES	F	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	AYI	B	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	APA	D	0.07%
	CFR	B	0.07%
	VOYA	B	0.07%
	PLNT	A	0.07%
	RIVN	F	0.07%
	RL	B	0.07%
	GPK	C	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%
	ITCI	C	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	CMA	A	0.07%
	MGM	D	0.07%
	PCTY	B	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%
	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%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	GXO	B	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	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%
	MIDD	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%
	JAZZ	B	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	HII	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%
	PATH	C	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%
	WHR	B	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	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%
	SIRI	C	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	COLB	A	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	DBX	B	0.05%
	FAF	A	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	C	0.05%
	AZPN	A	0.05%
	KMPR	B	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	RH	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%
	BYD	C	0.04%
	INSP	D	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	VNOM	A	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%
	BC	C	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%
	ZG	A	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%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	XRAY	F	0.03%
	MDU	D	0.03%
	DXC	B	0.03%
	PEGA	A	0.03%
	OGN	D	0.03%
	LINE	F	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%
	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%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	JWN	C	0.02%
	PINC	B	0.02%
	ALGM	D	0.02%
	CPRI	F	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%
	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%
	COLM	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	RNG	B	0.02%
	SNRE	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%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	TXG	F	0.01%
	SNDR	B	0.01%
	REYN	D	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	QS	F	0.01%
	CAR	C	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 108 Positions Relative to JPUS

	Symbol	Grade	Weight
	ANET	C	-0.47%
	TMUS	B	-0.47%
	MCK	B	-0.46%
	COF	B	-0.45%
	NVDA	C	-0.45%
	ETN	A	-0.43%
	MSI	B	-0.43%
	CEG	D	-0.42%
	APH	A	-0.42%
	CMCSA	B	-0.42%
	META	D	-0.42%
	XOM	B	-0.41%
	CSCO	B	-0.41%
	ORCL	B	-0.41%
	WM	A	-0.41%
	RSG	A	-0.4%
	VLO	C	-0.4%
	T	A	-0.4%
	WELL	A	-0.4%
	BRK.A	B	-0.39%
	PM	B	-0.39%
	PH	A	-0.39%
	MO	A	-0.39%
	PGR	A	-0.39%
	AVGO	D	-0.38%
	VZ	C	-0.38%
	LOW	D	-0.37%
	SRE	A	-0.37%
	ORLY	B	-0.37%
	VRTX	F	-0.37%
	SO	D	-0.37%
	GD	F	-0.36%
	INTU	C	-0.36%
	AAPL	C	-0.36%
	SCCO	F	-0.36%
	DUK	C	-0.36%
	LMT	D	-0.36%
	MPC	D	-0.36%
	CVS	D	-0.36%
	PG	A	-0.36%
	GILD	C	-0.35%
	MSFT	F	-0.35%
	CI	F	-0.35%
	PSX	C	-0.35%
	AMGN	D	-0.35%
	ADI	D	-0.35%
	AZO	C	-0.35%
	CVX	A	-0.35%
	PSA	D	-0.34%
	D	C	-0.34%
	ITW	B	-0.34%
	KHC	F	-0.34%
	TJX	A	-0.34%
	HCA	F	-0.34%
	KMB	D	-0.34%
	UNH	C	-0.34%
	PEP	F	-0.34%
	CDNS	B	-0.33%
	MDLZ	F	-0.33%
	LLY	F	-0.33%
	ABBV	D	-0.33%
	KO	D	-0.33%
	KLAC	D	-0.32%
	EOG	A	-0.32%
	ACN	C	-0.32%
	CL	D	-0.32%
	BAC	A	-0.31%
	AMAT	F	-0.31%
	ABT	B	-0.31%
	AEP	D	-0.31%
	STZ	D	-0.31%
	QCOM	F	-0.3%
	IBM	C	-0.3%
	ECL	D	-0.29%
	CAT	B	-0.28%
	COP	C	-0.28%
	SYK	C	-0.28%
	LIN	D	-0.28%
	ZTS	D	-0.27%
	UNP	C	-0.27%
	CB	C	-0.27%
	DHR	F	-0.27%
	MRK	F	-0.26%
	KDP	D	-0.26%
	REGN	F	-0.26%
	ELV	F	-0.26%
	LRCX	F	-0.26%
	FCX	D	-0.25%
	BMY	B	-0.25%
	TGT	F	-0.24%
	MDT	D	-0.23%
	APO	B	-0.23%
	F	C	-0.19%
	BDX	F	-0.19%
	NEM	D	-0.18%
	BKNG	A	-0.18%
	TMO	F	-0.15%
	CSX	B	-0.13%
	USB	A	-0.11%
	GOOGL	C	-0.11%
	OXY	D	-0.1%
	CARR	D	-0.09%
	PCAR	B	-0.06%
	NKE	D	-0.06%
	ADBE	C	-0.05%
	MMC	B	-0.05%
	MNST	C	-0.03%
	PLD	D	-0.01%

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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband