IWR vs. PALC ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC)

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

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the fund’s underlying index. The index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$52.39

Average Daily Volume

19,012

Number of Holdings ^*

180

* may have additional holdings in another (foreign) market

Performance

Period	IWR	PALC
30 Days	6.87%	4.42%
60 Days	7.84%	6.04%
90 Days	9.96%	8.35%
12 Months	34.02%	36.24%

97 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in PALC	Overlap
AES	F	0.08%	0.11%	0.08%
AJG	B	0.52%	0.46%	0.46%
AKAM	D	0.11%	0.09%	0.09%
ALB	C	0.1%	0.09%	0.09%
AME	A	0.37%	0.24%	0.24%
AMP	A	0.46%	0.45%	0.45%
ATO	A	0.18%	0.6%	0.18%
AVB	B	0.27%	0.45%	0.27%
AVY	D	0.13%	0.45%	0.13%
BIIB	F	0.19%	0.14%	0.14%
BK	A	0.48%	0.8%	0.48%
BR	A	0.22%	0.48%	0.22%
BRO	B	0.22%	0.45%	0.22%
BXP	D	0.1%	0.08%	0.08%
CAH	B	0.24%	0.25%	0.24%
CCI	D	0.37%	0.33%	0.33%
CCL	B	0.2%	0.12%	0.12%
CHD	B	0.22%	0.53%	0.22%
CHTR	C	0.3%	0.28%	0.28%
CMS	C	0.17%	0.62%	0.17%
COR	B	0.33%	0.48%	0.33%
CTLT	B	0.09%	0.05%	0.05%
CZR	F	0.07%	0.05%	0.05%
DPZ	C	0.12%	0.14%	0.12%
DTE	C	0.2%	0.45%	0.2%
EA	A	0.36%	0.51%	0.36%
ED	D	0.28%	0.5%	0.28%
EIX	B	0.26%	0.67%	0.26%
EQT	B	0.21%	0.14%	0.14%
ES	D	0.18%	0.12%	0.12%
EVRG	A	0.12%	0.51%	0.12%
FE	C	0.2%	0.64%	0.2%
FICO	B	0.44%	0.56%	0.44%
FMC	D	0.06%	0.04%	0.04%
FRT	B	0.08%	0.44%	0.08%
GIS	D	0.29%	0.44%	0.29%
HIG	B	0.28%	0.44%	0.28%
HLT	A	0.5%	1.0%	0.5%
HOLX	D	0.15%	0.47%	0.15%
HPQ	B	0.3%	0.3%	0.3%
HSIC	B	0.07%	0.06%	0.06%
HUBB	B	0.19%	0.15%	0.15%
JKHY	D	0.1%	0.44%	0.1%
KEY	B	0.15%	0.11%	0.11%
KMI	A	0.44%	0.53%	0.44%
KMX	B	0.1%	0.07%	0.07%
L	A	0.12%	0.56%	0.12%
LDOS	C	0.18%	0.36%	0.18%
LHX	C	0.38%	0.75%	0.38%
LKQ	D	0.08%	0.06%	0.06%
LNT	A	0.13%	0.52%	0.13%
LW	C	0.09%	0.07%	0.07%
LYB	F	0.18%	0.44%	0.18%
LYV	A	0.17%	0.21%	0.17%
MAS	D	0.14%	0.16%	0.14%
MGM	D	0.07%	0.08%	0.07%
MSCI	C	0.38%	0.62%	0.38%
MTCH	D	0.07%	0.08%	0.07%
MTD	D	0.21%	0.21%	0.21%
NCLH	B	0.09%	0.06%	0.06%
NDAQ	A	0.27%	0.46%	0.27%
NDSN	B	0.12%	0.1%	0.1%
NI	A	0.14%	0.64%	0.14%
NTRS	A	0.18%	0.11%	0.11%
O	D	0.41%	0.46%	0.41%
OKE	A	0.53%	1.02%	0.53%
OTIS	C	0.33%	0.84%	0.33%
PAYX	C	0.38%	0.43%	0.38%
PCG	A	0.37%	0.7%	0.37%
PEG	A	0.37%	0.51%	0.37%
PKG	A	0.17%	0.44%	0.17%
PNW	B	0.09%	0.44%	0.09%
PPG	F	0.24%	0.45%	0.24%
PPL	B	0.21%	0.54%	0.21%
PTC	A	0.19%	0.12%	0.12%
RCL	A	0.45%	0.26%	0.26%
REG	B	0.11%	0.46%	0.11%
RMD	C	0.28%	0.23%	0.23%
SBAC	D	0.2%	0.31%	0.2%
SPG	B	0.48%	0.35%	0.35%
STT	A	0.24%	0.18%	0.18%
SYY	B	0.31%	0.43%	0.31%
TECH	D	0.09%	0.06%	0.06%
TRGP	B	0.35%	0.24%	0.24%
TRMB	B	0.14%	0.13%	0.13%
TTWO	A	0.25%	0.24%	0.24%
UAL	A	0.25%	0.16%	0.16%
VICI	C	0.27%	0.46%	0.27%
VRSN	F	0.13%	0.62%	0.13%
VTR	C	0.21%	0.14%	0.14%
WAT	B	0.17%	0.14%	0.14%
WEC	A	0.26%	0.48%	0.26%
WMB	A	0.57%	0.49%	0.49%
WTW	B	0.26%	0.49%	0.26%
WYNN	D	0.08%	0.09%	0.08%
XYL	D	0.24%	0.23%	0.23%
YUM	B	0.31%	0.9%	0.31%

IWR Overweight 706 Positions Relative to PALC

Symbol	Grade	Weight
PLTR	B	1.09%
APP	B	0.63%
AFL	B	0.51%
COIN	C	0.5%
DLR	B	0.48%
URI	B	0.46%
MSTR	C	0.44%
ALL	A	0.43%
TTD	B	0.43%
GWW	B	0.42%
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%
KVUE	A	0.38%
PRU	A	0.38%
ROST	C	0.38%
HWM	A	0.37%
VRT	B	0.36%
DFS	B	0.36%
ODFL	B	0.35%
BKR	B	0.35%
AXON	A	0.35%
DAL	C	0.34%
IR	B	0.34%
CBRE	B	0.33%
VRSK	A	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%
DDOG	A	0.31%
ACGL	D	0.3%
VMC	B	0.3%
IDXX	F	0.29%
IQV	D	0.29%
NUE	C	0.29%
GLW	B	0.29%
MTB	A	0.29%
MLM	B	0.29%
IRM	D	0.28%
WAB	B	0.28%
DD	D	0.28%
EXR	D	0.28%
GRMN	B	0.27%
ROK	B	0.27%
HUBS	A	0.27%
HUM	C	0.27%
FANG	D	0.27%
MCHP	D	0.27%
DOW	F	0.26%
EBAY	D	0.26%
VEEV	C	0.26%
ETR	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%
CSGP	D	0.24%
ANSS	B	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%
FCNCA	A	0.22%
FTV	C	0.22%
PHM	D	0.22%
SW	A	0.22%
DECK	A	0.22%
NET	B	0.22%
MPWR	F	0.22%
HSY	F	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%
GDDY	A	0.21%
RBLX	C	0.21%
NVR	D	0.21%
TROW	B	0.21%
KEYS	A	0.21%
CVNA	B	0.21%
CDW	F	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%
CINF	A	0.19%
LPLA	A	0.19%
ZM	B	0.18%
HOOD	B	0.18%
ILMN	D	0.18%
EXE	B	0.18%
STE	F	0.18%
TDY	B	0.18%
MKL	A	0.18%
IFF	D	0.18%
WBD	C	0.18%
FSLR	F	0.17%
WDC	D	0.17%
CSL	C	0.17%
INVH	D	0.17%
STLD	B	0.17%
CLX	B	0.17%
CBOE	B	0.17%
K	A	0.17%
CFG	B	0.17%
BLDR	D	0.17%
CTRA	B	0.16%
IBKR	A	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%
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%
BALL	D	0.15%
OMC	C	0.15%
KIM	A	0.14%
TWLO	A	0.14%
NTRA	B	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%
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%
MOH	F	0.14%
RPM	A	0.14%
IEX	B	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%
DT	C	0.13%
SUI	D	0.13%
TOL	B	0.13%
FIX	A	0.13%
GWRE	A	0.13%
SSNC	B	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%
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%
EWBC	A	0.12%
APTV	D	0.12%
ACM	A	0.12%
UDR	B	0.12%
DOC	D	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%
JBHT	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%
SWKS	F	0.11%
POOL	C	0.11%
RVTY	F	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%
ALLE	D	0.1%
CPT	B	0.1%
JLL	D	0.1%
ITT	A	0.1%
COHR	B	0.1%
CLH	B	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%
FOXA	B	0.09%
CCK	C	0.09%
GNRC	B	0.09%
CAVA	B	0.09%
EVR	B	0.09%
FND	C	0.09%
CUBE	D	0.09%
NWSA	B	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%
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%
INGR	B	0.08%
WING	D	0.08%
ORI	A	0.08%
SOLV	C	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%
ALLY	C	0.08%
EXEL	B	0.08%
GME	C	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%
MEDP	D	0.07%
RRC	B	0.07%
ACI	C	0.07%
X	C	0.07%
SEIC	B	0.07%
SKX	D	0.07%
SNV	B	0.07%
APG	B	0.07%
CE	F	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%
CPB	D	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%
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%
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%
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%
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%
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%
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 83 Positions Relative to PALC

Symbol	Grade	Weight
TSLA	B	-4.13%
MCD	D	-2.73%
JPM	A	-2.69%
PM	B	-2.45%
ORCL	B	-2.1%
BAC	A	-1.98%
GS	A	-1.95%
AMGN	D	-1.59%
LOW	D	-1.5%
WFC	A	-1.42%
MO	A	-1.38%
MS	A	-1.34%
BKNG	A	-1.26%
SBUX	A	-1.11%
ORLY	B	-1.1%
AON	A	-1.04%
C	A	-1.0%
NEE	D	-0.93%
AMT	D	-0.88%
PFE	D	-0.86%
TDG	D	-0.77%
MCK	B	-0.74%
BA	F	-0.73%
KO	D	-0.68%
HCA	F	-0.66%
BRK.A	B	-0.64%
MAR	B	-0.64%
RSG	A	-0.61%
PG	A	-0.6%
CL	D	-0.6%
VRTX	F	-0.59%
MMC	B	-0.57%
TMUS	B	-0.57%
FTNT	C	-0.55%
AZO	C	-0.54%
HON	B	-0.54%
JNJ	D	-0.54%
FI	A	-0.54%
MA	C	-0.54%
ADP	B	-0.54%
V	A	-0.53%
BSX	B	-0.53%
ITW	B	-0.53%
DUK	C	-0.53%
MSI	B	-0.53%
LIN	D	-0.53%
LMT	D	-0.52%
TJX	A	-0.51%
ICE	C	-0.51%
PEP	F	-0.51%
CME	A	-0.51%
GD	F	-0.5%
SPGI	C	-0.5%
SRE	A	-0.5%
KMB	D	-0.49%
KDP	D	-0.49%
RTX	C	-0.49%
CB	C	-0.49%
SO	D	-0.49%
MDLZ	F	-0.49%
ROP	B	-0.48%
WM	A	-0.48%
CTAS	B	-0.47%
STZ	D	-0.47%
WMT	A	-0.47%
ABT	B	-0.47%
SYK	C	-0.47%
NOC	D	-0.46%
CVX	A	-0.46%
WELL	A	-0.46%
UNP	C	-0.45%
AEP	D	-0.45%
APD	A	-0.44%
ECL	D	-0.44%
MDT	D	-0.43%
NEM	D	-0.41%
CSX	B	-0.41%
TFC	A	-0.34%
CPRT	A	-0.33%
MET	A	-0.26%
F	C	-0.25%
STX	D	-0.13%
EL	F	-0.1%