IWR vs. RWK ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to RevenueShares Mid Cap (RWK)

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

$94.33

Average Daily Volume

1,448,350

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

RWK

RevenueShares Mid Cap

RWK Description

The investment seeks outperform the total return performance of the S&P MidCap 400® Index, the fund's benchmark index (the "Benchmark Index"). The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Mid Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of mid capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$123.78

Average Daily Volume

17,506

Number of Holdings ^*

389

* may have additional holdings in another (foreign) market

Performance

Period	IWR	RWK
30 Days	6.65%	6.53%
60 Days	7.61%	7.07%
90 Days	9.73%	7.08%
12 Months	33.73%	30.53%

299 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in RWK	Overlap
	AA	B	0.09%	0.57%	0.09%
	AAL	B	0.08%	2.99%	0.08%
	AAON	B	0.08%	0.07%	0.07%
	ACHC	F	0.03%	0.06%	0.03%
	ACM	B	0.12%	0.73%	0.12%
	ADC	B	0.06%	0.02%	0.02%
	AFG	A	0.08%	0.36%	0.08%
	AGCO	D	0.05%	0.57%	0.05%
	ALGM	D	0.02%	0.03%	0.02%
	ALLY	C	0.08%	0.76%	0.08%
	AM	A	0.04%	0.05%	0.04%
	AMED	F	0.02%	0.09%	0.02%
	AMG	B	0.05%	0.1%	0.05%
	AMH	D	0.1%	0.06%	0.06%
	AMKR	D	0.02%	0.23%	0.02%
	AN	C	0.03%	1.12%	0.03%
	APPF	B	0.04%	0.03%	0.03%
	AR	B	0.07%	0.21%	0.07%
	ARMK	B	0.08%	0.76%	0.08%
	ARW	D	0.05%	1.15%	0.05%
	ASH	D	0.03%	0.08%	0.03%
	ATR	B	0.09%	0.17%	0.09%
	AVT	C	0.04%	1.05%	0.04%
	AVTR	F	0.12%	0.23%	0.12%
	AXTA	A	0.07%	0.26%	0.07%
	AYI	B	0.08%	0.21%	0.08%
	AZTA	D	0.02%	0.02%	0.02%
	BC	C	0.04%	0.25%	0.04%
	BERY	B	0.06%	0.52%	0.06%
	BHF	B	0.03%	0.2%	0.03%
	BIO	D	0.05%	0.12%	0.05%
	BJ	A	0.1%	0.92%	0.1%
	BLD	D	0.09%	0.21%	0.09%
	BMRN	D	0.1%	0.08%	0.08%
	BRBR	A	0.08%	0.1%	0.08%
	BRKR	D	0.05%	0.11%	0.05%
	BRX	A	0.07%	0.05%	0.05%
	BURL	A	0.14%	0.42%	0.14%
	BWXT	B	0.1%	0.14%	0.1%
	BYD	C	0.04%	0.19%	0.04%
	CACI	D	0.09%	0.33%	0.09%
	CAR	C	0.01%	0.7%	0.01%
	CASY	A	0.12%	0.67%	0.12%
	CBSH	A	0.07%	0.09%	0.07%
	CC	C	0.02%	0.26%	0.02%
	CCK	C	0.09%	0.49%	0.09%
	CELH	F	0.04%	0.05%	0.04%
	CFR	B	0.07%	0.15%	0.07%
	CG	A	0.09%	0.17%	0.09%
	CGNX	C	0.06%	0.04%	0.04%
	CHDN	B	0.08%	0.11%	0.08%
	CHE	D	0.07%	0.1%	0.07%
	CHH	A	0.03%	0.07%	0.03%
	CHRD	D	0.07%	0.18%	0.07%
	CIEN	B	0.08%	0.21%	0.08%
	CIVI	D	0.04%	0.2%	0.04%
	CLF	F	0.04%	0.85%	0.04%
	CLH	B	0.1%	0.24%	0.1%
	CNH	C	0.08%	1.0%	0.08%
	CNM	D	0.07%	0.3%	0.07%
	CNXC	F	0.01%	0.21%	0.01%
	COHR	B	0.1%	0.25%	0.1%
	COKE	C	0.06%	0.26%	0.06%
	COLB	A	0.05%	0.16%	0.05%
	COLM	B	0.02%	0.15%	0.02%
	COTY	F	0.02%	0.21%	0.02%
	CPRI	F	0.02%	0.11%	0.02%
	CR	A	0.07%	0.11%	0.07%
	CRI	D	0.02%	0.09%	0.02%
	CROX	D	0.05%	0.13%	0.05%
	CRUS	D	0.04%	0.06%	0.04%
	CSL	C	0.17%	0.23%	0.17%
	CUBE	D	0.09%	0.04%	0.04%
	CUZ	B	0.04%	0.04%	0.04%
	CW	B	0.11%	0.15%	0.11%
	CXT	B	0.02%	0.06%	0.02%
	DAR	C	0.06%	0.3%	0.06%
	DBX	B	0.05%	0.12%	0.05%
	DCI	B	0.08%	0.16%	0.08%
	DINO	D	0.05%	1.24%	0.05%
	DKS	C	0.09%	0.52%	0.09%
	DLB	B	0.03%	0.05%	0.03%
	DOCS	C	0.05%	0.03%	0.03%
	DT	C	0.13%	0.07%	0.07%
	DTM	B	0.08%	0.05%	0.05%
	DUOL	A	0.09%	0.04%	0.04%
	EEFT	B	0.04%	0.16%	0.04%
	EGP	F	0.07%	0.02%	0.02%
	EHC	B	0.08%	0.23%	0.08%
	ELF	C	0.05%	0.05%	0.05%
	ELS	C	0.11%	0.06%	0.06%
	EME	C	0.19%	0.73%	0.19%
	ENOV	C	0.02%	0.08%	0.02%
	EPR	D	0.03%	0.03%	0.03%
	EQH	B	0.12%	0.68%	0.12%
	ESAB	B	0.06%	0.15%	0.06%
	EVR	B	0.09%	0.14%	0.09%
	EWBC	A	0.12%	0.23%	0.12%
	EXEL	B	0.08%	0.11%	0.08%
	EXP	A	0.08%	0.11%	0.08%
	FAF	A	0.05%	0.23%	0.05%
	FBIN	D	0.08%	0.18%	0.08%
	FCN	D	0.06%	0.14%	0.06%
	FHN	A	0.09%	0.27%	0.09%
	FIVE	F	0.04%	0.14%	0.04%
	FIX	A	0.13%	0.32%	0.13%
	FLO	D	0.03%	0.2%	0.03%
	FLS	B	0.06%	0.24%	0.06%
	FNB	A	0.05%	0.12%	0.05%
	FND	C	0.09%	0.17%	0.09%
	FNF	B	0.13%	0.54%	0.13%
	FR	D	0.06%	0.02%	0.02%
	FYBR	D	0.07%	0.23%	0.07%
	G	B	0.06%	0.22%	0.06%
	GAP	B	0.04%	0.66%	0.04%
	GGG	B	0.12%	0.1%	0.1%
	GLPI	C	0.11%	0.06%	0.06%
	GME	C	0.08%	0.25%	0.08%
	GMED	A	0.08%	0.11%	0.08%
	GNTX	C	0.06%	0.1%	0.06%
	GPK	C	0.07%	0.36%	0.07%
	GXO	B	0.06%	0.51%	0.06%
	H	B	0.06%	0.31%	0.06%
	HLI	B	0.08%	0.1%	0.08%
	HOG	D	0.03%	0.22%	0.03%
	HRB	D	0.07%	0.14%	0.07%
	HXL	D	0.04%	0.08%	0.04%
	IBKR	A	0.16%	0.51%	0.16%
	IDA	A	0.05%	0.09%	0.05%
	ILMN	D	0.18%	0.2%	0.18%
	INGR	B	0.08%	0.36%	0.08%
	IPGP	D	0.02%	0.05%	0.02%
	IRDM	D	0.03%	0.04%	0.03%
	ITT	A	0.1%	0.16%	0.1%
	JAZZ	B	0.06%	0.19%	0.06%
	JEF	A	0.11%	0.47%	0.11%
	JHG	A	0.05%	0.12%	0.05%
	JLL	D	0.1%	0.94%	0.1%
	JWN	C	0.02%	0.65%	0.02%
	KBR	F	0.06%	0.29%	0.06%
	KD	B	0.05%	0.81%	0.05%
	KEX	C	0.06%	0.15%	0.06%
	KMPR	B	0.04%	0.23%	0.04%
	KNSL	B	0.08%	0.06%	0.06%
	KNX	B	0.07%	0.34%	0.07%
	KRC	C	0.04%	0.05%	0.04%
	LAD	A	0.08%	1.89%	0.08%
	LAMR	D	0.09%	0.09%	0.09%
	LEA	D	0.04%	0.91%	0.04%
	LECO	B	0.09%	0.2%	0.09%
	LFUS	F	0.05%	0.09%	0.05%
	LII	A	0.16%	0.22%	0.16%
	LITE	B	0.05%	0.09%	0.05%
	LNW	D	0.07%	0.11%	0.07%
	LOPE	B	0.04%	0.05%	0.04%
	LPX	B	0.06%	0.14%	0.06%
	LSCC	D	0.06%	0.03%	0.03%
	LSTR	D	0.05%	0.21%	0.05%
	M	D	0.04%	1.03%	0.04%
	MAN	D	0.02%	0.68%	0.02%
	MANH	D	0.14%	0.04%	0.04%
	MASI	A	0.06%	0.12%	0.06%
	MAT	D	0.05%	0.23%	0.05%
	MEDP	D	0.07%	0.08%	0.07%
	MIDD	C	0.06%	0.17%	0.06%
	MKSI	C	0.06%	0.15%	0.06%
	MORN	B	0.07%	0.1%	0.07%
	MSA	D	0.05%	0.07%	0.05%
	MSM	C	0.03%	0.18%	0.03%
	MTDR	B	0.06%	0.16%	0.06%
	MTG	C	0.05%	0.05%	0.05%
	MTN	C	0.06%	0.12%	0.06%
	MTSI	B	0.06%	0.04%	0.04%
	MTZ	B	0.07%	0.63%	0.07%
	MUSA	A	0.08%	0.88%	0.08%
	NBIX	C	0.1%	0.09%	0.09%
	NEU	C	0.03%	0.11%	0.03%
	NFG	A	0.05%	0.07%	0.05%
	NNN	D	0.06%	0.03%	0.03%
	NOV	C	0.05%	0.38%	0.05%
	NSA	D	0.02%	0.03%	0.02%
	NVST	B	0.03%	0.11%	0.03%
	NVT	B	0.1%	0.16%	0.1%
	NXST	C	0.04%	0.21%	0.04%
	NYT	C	0.07%	0.11%	0.07%
	OC	A	0.14%	0.49%	0.14%
	OGE	B	0.07%	0.12%	0.07%
	OHI	C	0.08%	0.04%	0.04%
	OLED	D	0.06%	0.02%	0.02%
	OLLI	D	0.05%	0.09%	0.05%
	OLN	D	0.04%	0.27%	0.04%
	ONTO	D	0.06%	0.03%	0.03%
	ORI	A	0.08%	0.34%	0.08%
	OSK	B	0.06%	0.49%	0.06%
	OVV	B	0.1%	0.51%	0.1%
	OZK	B	0.04%	0.13%	0.04%
	PAG	B	0.02%	1.34%	0.02%
	PB	A	0.06%	0.08%	0.06%
	PCTY	B	0.07%	0.08%	0.07%
	PEN	B	0.07%	0.06%	0.06%
	PFGC	B	0.11%	2.85%	0.11%
	PII	D	0.03%	0.29%	0.03%
	PK	B	0.02%	0.12%	0.02%
	PLNT	A	0.07%	0.05%	0.05%
	PNFP	B	0.08%	0.15%	0.08%
	POST	C	0.04%	0.31%	0.04%
	PPC	C	0.02%	0.93%	0.02%
	PR	B	0.08%	0.21%	0.08%
	PRGO	B	0.03%	0.18%	0.03%
	PRI	A	0.09%	0.15%	0.09%
	PSN	D	0.04%	0.26%	0.04%
	PSTG	D	0.12%	0.13%	0.12%
	PVH	C	0.05%	0.41%	0.05%
	R	B	0.06%	0.62%	0.06%
	RBC	A	0.07%	0.07%	0.07%
	RCM	F	0.02%	0.1%	0.02%
	REXR	F	0.07%	0.03%	0.03%
	RGA	A	0.13%	0.97%	0.13%
	RGEN	D	0.06%	0.03%	0.03%
	RGLD	C	0.08%	0.03%	0.03%
	RH	B	0.04%	0.13%	0.04%
	RLI	B	0.06%	0.08%	0.06%
	RNR	C	0.11%	0.44%	0.11%
	ROIV	C	0.04%	0.01%	0.01%
	RPM	A	0.14%	0.34%	0.14%
	RRC	B	0.07%	0.11%	0.07%
	RRX	B	0.09%	0.3%	0.09%
	RS	B	0.15%	0.67%	0.15%
	RYAN	B	0.06%	0.11%	0.06%
	RYN	D	0.04%	0.04%	0.04%
	SAIA	B	0.11%	0.16%	0.11%
	SAIC	F	0.05%	0.28%	0.05%
	SAM	C	0.02%	0.1%	0.02%
	SCI	B	0.1%	0.18%	0.1%
	SEIC	B	0.07%	0.1%	0.07%
	SF	B	0.09%	0.31%	0.09%
	SHC	F	0.02%	0.04%	0.02%
	SKX	D	0.07%	0.32%	0.07%
	SLGN	A	0.04%	0.26%	0.04%
	SLM	A	0.04%	0.15%	0.04%
	SMG	D	0.03%	0.16%	0.03%
	SNV	B	0.07%	0.17%	0.07%
	SNX	C	0.07%	2.42%	0.07%
	SON	D	0.04%	0.25%	0.04%
	SRPT	D	0.08%	0.06%	0.06%
	SSD	D	0.06%	0.09%	0.06%
	ST	F	0.04%	0.16%	0.04%
	STAG	F	0.05%	0.03%	0.03%
	STWD	C	0.05%	0.09%	0.05%
	TDC	D	0.02%	0.08%	0.02%
	THC	D	0.12%	0.88%	0.12%
	THG	A	0.05%	0.29%	0.05%
	THO	B	0.05%	0.46%	0.05%
	TKO	B	0.08%	0.11%	0.08%
	TKR	D	0.04%	0.18%	0.04%
	TNL	A	0.03%	0.2%	0.03%
	TOL	B	0.13%	0.45%	0.13%
	TPL	A	0.21%	0.05%	0.05%
	TPX	B	0.08%	0.22%	0.08%
	TREX	C	0.06%	0.06%	0.06%
	TTC	D	0.07%	0.18%	0.07%
	TTEK	F	0.09%	0.19%	0.09%
	TXRH	C	0.11%	0.25%	0.11%
	UA	B	0.01%	0.14%	0.01%
	UAA	C	0.02%	0.15%	0.02%
	UGI	A	0.04%	0.3%	0.04%
	UNM	A	0.1%	0.7%	0.1%
	USFD	A	0.12%	1.7%	0.12%
	UTHR	C	0.13%	0.13%	0.13%
	VAC	B	0.03%	0.25%	0.03%
	VMI	B	0.06%	0.21%	0.06%
	VNO	B	0.06%	0.09%	0.06%
	VNT	B	0.05%	0.15%	0.05%
	VOYA	B	0.07%	0.35%	0.07%
	VVV	F	0.05%	0.07%	0.05%
	WAL	B	0.08%	0.22%	0.08%
	WBS	A	0.09%	0.23%	0.09%
	WCC	B	0.07%	1.2%	0.07%
	WEN	D	0.03%	0.1%	0.03%
	WEX	D	0.06%	0.1%	0.06%
	WFRD	D	0.05%	0.21%	0.05%
	WH	B	0.06%	0.07%	0.06%
	WHR	B	0.05%	0.9%	0.05%
	WING	D	0.08%	0.02%	0.02%
	WLK	D	0.03%	0.47%	0.03%
	WMS	D	0.08%	0.11%	0.08%
	WPC	D	0.1%	0.06%	0.06%
	WSM	B	0.14%	0.29%	0.14%
	WSO	A	0.15%	0.34%	0.15%
	WTFC	A	0.07%	0.21%	0.07%
	WTRG	B	0.08%	0.08%	0.08%
	WU	D	0.02%	0.16%	0.02%
	WWD	B	0.08%	0.14%	0.08%
	X	C	0.07%	0.72%	0.07%
	XPO	B	0.14%	0.46%	0.14%
	XRAY	F	0.03%	0.11%	0.03%
	YETI	C	0.03%	0.07%	0.03%
	ZI	D	0.03%	0.05%	0.03%
	ZION	B	0.07%	0.26%	0.07%

IWR Overweight 504 Positions Relative to RWK

	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%
	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%
	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%
	VST	B	0.4%
	FAST	B	0.39%
	SQ	A	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%
	PCG	A	0.37%
	CCI	D	0.37%
	HWM	A	0.37%
	EA	A	0.36%
	VRT	B	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%
	YUM	B	0.31%
	DDOG	A	0.31%
	HPQ	A	0.3%
	CHTR	C	0.3%
	ACGL	D	0.3%
	VMC	B	0.3%
	IDXX	F	0.29%
	IQV	D	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%
	IRM	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	F	0.27%
	DOW	F	0.26%
	WEC	A	0.26%
	EBAY	D	0.26%
	VEEV	C	0.26%
	ETR	B	0.26%
	EIX	B	0.26%
	WTW	B	0.26%
	FITB	A	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%
	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%
	ON	D	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	C	0.21%
	VLTO	D	0.21%
	ADM	D	0.21%
	HBAN	A	0.21%
	SYF	B	0.21%
	VTR	C	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%
	SBAC	D	0.2%
	CDW	F	0.2%
	FE	C	0.2%
	NTAP	C	0.2%
	DVN	F	0.2%
	RF	A	0.2%
	CCL	B	0.2%
	AEE	A	0.2%
	DTE	C	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WY	D	0.19%
	WST	C	0.19%
	EXPE	B	0.19%
	ZBH	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%
	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%
	LYV	A	0.17%
	WDC	D	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%
	BLDR	D	0.17%
	CTRA	B	0.16%
	NRG	B	0.16%
	BAH	F	0.16%
	ESS	B	0.16%
	COO	D	0.16%
	LUV	C	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%
	KEY	B	0.15%
	DGX	A	0.15%
	WRB	A	0.15%
	HOLX	D	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%
	NI	A	0.14%
	KIM	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	DG	F	0.14%
	ALGN	F	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%
	MOH	F	0.14%
	TRMB	B	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%
	VRSN	F	0.13%
	SUI	D	0.13%
	LNT	A	0.13%
	GWRE	A	0.13%
	SSNC	B	0.13%
	AVY	D	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%
	JBL	B	0.12%
	EVRG	A	0.12%
	APTV	D	0.12%
	NDSN	B	0.12%
	UDR	B	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	TW	A	0.12%
	L	A	0.12%
	CHRW	C	0.11%
	DLTR	F	0.11%
	AFRM	A	0.11%
	EPAM	C	0.11%
	SWK	D	0.11%
	TPR	B	0.11%
	AKAM	D	0.11%
	SWKS	F	0.11%
	POOL	C	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	FFIV	B	0.11%
	Z	A	0.1%
	UHS	D	0.1%
	OKTA	C	0.1%
	EMN	D	0.1%
	JNPR	F	0.1%
	HEI	B	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	INCY	C	0.1%
	ALB	C	0.1%
	ALLE	D	0.1%
	KMX	B	0.1%
	BXP	D	0.1%
	CPT	B	0.1%
	JKHY	D	0.1%
	CAG	D	0.1%
	BG	F	0.1%
	PNW	B	0.09%
	FOXA	B	0.09%
	TECH	D	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	LW	C	0.09%
	NWSA	B	0.09%
	TAP	C	0.09%
	SJM	D	0.09%
	PAYC	B	0.09%
	DAY	B	0.09%
	NCLH	B	0.09%
	OWL	A	0.09%
	AIZ	A	0.09%
	TFX	F	0.08%
	SMCI	F	0.08%
	WYNN	D	0.08%
	SOLV	C	0.08%
	FRT	B	0.08%
	CRL	C	0.08%
	DOX	D	0.08%
	MKTX	D	0.08%
	GL	B	0.08%
	LBRDK	C	0.08%
	NLY	C	0.08%
	AES	F	0.08%
	LKQ	D	0.08%
	RPRX	D	0.08%
	IPG	D	0.08%
	ALSN	B	0.08%
	MTCH	D	0.07%
	ACI	C	0.07%
	CZR	F	0.07%
	APG	B	0.07%
	CE	F	0.07%
	DVA	B	0.07%
	APA	D	0.07%
	CPB	D	0.07%
	RIVN	F	0.07%
	RL	B	0.07%
	MOS	F	0.07%
	HRL	D	0.07%
	GLOB	B	0.07%
	ITCI	C	0.07%
	HAS	D	0.07%
	BILL	A	0.07%
	AOS	F	0.07%
	CMA	A	0.07%
	MGM	D	0.07%
	ROKU	D	0.07%
	HSIC	B	0.07%
	EXAS	D	0.07%
	AWI	A	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	AXS	A	0.06%
	FMC	D	0.06%
	ALK	C	0.06%
	BPOP	B	0.06%
	ELAN	D	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	VFC	C	0.06%
	ESTC	C	0.06%
	AGNC	D	0.06%
	GTLB	B	0.06%
	BBWI	D	0.06%
	S	B	0.06%
	CART	C	0.06%
	PCOR	B	0.06%
	MHK	D	0.06%
	SMAR	A	0.06%
	RHI	B	0.06%
	HII	D	0.06%
	BWA	D	0.06%
	ENPH	F	0.06%
	RITM	C	0.05%
	PATH	C	0.05%
	FOX	A	0.05%
	ETSY	D	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	WBA	F	0.05%
	UHAL	D	0.05%
	BEN	C	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%
	WSC	D	0.05%
	IVZ	B	0.05%
	PARA	C	0.05%
	BSY	D	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	HR	C	0.05%
	AZPN	A	0.05%
	SEE	C	0.04%
	AGO	B	0.04%
	HCP	B	0.04%
	WTM	A	0.04%
	INSP	D	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	LNC	B	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	AMTM	D	0.03%
	PENN	C	0.03%
	HUN	F	0.03%
	NCNO	B	0.03%
	ZG	A	0.03%
	HIW	D	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	SPR	D	0.03%
	W	F	0.03%
	NWS	A	0.03%
	NWL	B	0.03%
	DNB	B	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%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	VSTS	C	0.02%
	ALAB	B	0.02%
	RKT	F	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	A	0.02%
	LCID	F	0.02%
	KSS	F	0.02%
	ADT	C	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	PINC	B	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	MPW	F	0.02%
	AGR	B	0.02%
	BOKF	B	0.02%
	APLS	D	0.02%
	CACC	D	0.02%
	DV	C	0.02%
	FIVN	C	0.02%
	VIRT	B	0.02%
	ECG	C	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%
	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%
	FTRE	D	0.01%
	FWONA	B	0.01%
	CLVT	F	0.01%
	LEN	D	0.01%
	BIRK	D	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	D	0.0%

IWR Underweight 90 Positions Relative to RWK

	Symbol	Grade	Weight
	PBF	D	-1.5%
	GT	C	-0.97%
	FLR	B	-0.73%
	ALV	C	-0.46%
	SFM	A	-0.42%
	CMC	B	-0.4%
	TMHC	B	-0.32%
	WMG	C	-0.31%
	UFPI	B	-0.31%
	KBH	D	-0.25%
	GEF	A	-0.25%
	AIT	A	-0.25%
	GTLS	B	-0.24%
	NSP	D	-0.23%
	SWX	B	-0.23%
	GHC	C	-0.23%
	HGV	B	-0.22%
	CNO	A	-0.22%
	TEX	D	-0.22%
	SIGI	C	-0.21%
	ANF	C	-0.2%
	MMS	F	-0.2%
	RBA	A	-0.19%
	BCO	D	-0.18%
	ASGN	F	-0.18%
	CHX	C	-0.17%
	VC	D	-0.17%
	CBT	C	-0.17%
	VLY	B	-0.17%
	ENS	D	-0.15%
	ONB	B	-0.14%
	KNF	A	-0.14%
	MUR	D	-0.14%
	AVNT	B	-0.14%
	CADE	B	-0.13%
	UMBF	B	-0.13%
	FN	D	-0.13%
	OPCH	D	-0.13%
	POR	C	-0.12%
	SR	A	-0.11%
	SSB	B	-0.11%
	BDC	B	-0.11%
	ASB	B	-0.11%
	VSH	D	-0.11%
	TCBI	B	-0.1%
	HWC	B	-0.1%
	WTS	B	-0.1%
	OGS	A	-0.09%
	EXLS	B	-0.09%
	BKH	A	-0.09%
	UBSI	B	-0.08%
	LANC	C	-0.08%
	FHI	A	-0.08%
	VAL	D	-0.08%
	CNX	A	-0.08%
	PNM	F	-0.08%
	ALE	A	-0.07%
	HAE	C	-0.07%
	HOMB	A	-0.07%
	GATX	A	-0.07%
	NJR	A	-0.07%
	HQY	B	-0.06%
	NWE	A	-0.06%
	GBCI	B	-0.06%
	LNTH	D	-0.05%
	BLKB	B	-0.05%
	IBOC	A	-0.05%
	LIVN	F	-0.05%
	NEOG	F	-0.04%
	NOVT	D	-0.04%
	ORA	B	-0.04%
	SYNA	C	-0.04%
	PCH	D	-0.04%
	CVLT	B	-0.04%
	ESNT	D	-0.04%
	RMBS	C	-0.03%
	IRT	A	-0.03%
	SBRA	C	-0.03%
	QLYS	C	-0.03%
	CDP	C	-0.03%
	ALTR	B	-0.03%
	HALO	F	-0.03%
	FFIN	B	-0.03%
	HLNE	B	-0.03%
	KRG	B	-0.03%
	POWI	D	-0.02%
	EXPO	D	-0.02%
	SLAB	D	-0.02%
	CYTK	F	-0.0%
	ARWR	F	-0.0%

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

RWK: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Biotechnology Business Services Oil & Gas E&P Software - Application Specialty Chemicals Asset Management Packaging & Containers Semiconductors Building Materials Diagnostics & Research Engineering & Construction Specialty Retail Apparel Manufacturing Medical Care Packaged Foods REIT - Diversified REIT - Industrial Scientific & Technical Instruments

Keywords: Bank Banking Mining Chemical Natural Gas Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Supply Chain Management Beverage Computing Construction Deposit Products Telecommunications Biotechnology Commercial Banking Insurance Products Building Materials