IWR vs. RWL ETF Comparison

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

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

$87.95

Average Daily Volume

1,141,867

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large 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 large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$98.32

Average Daily Volume

118,119

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	IWR	RWL
30 Days	4.05%	2.37%
60 Days	10.52%	9.21%
90 Days	9.48%	6.18%
12 Months	31.66%	29.85%

304 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in RWL	Overlap
A	B	0.37%	0.04%	0.04%
ACGL	A	0.35%	0.09%	0.09%
ADM	F	0.24%	0.5%	0.24%
AEE	A	0.2%	0.04%	0.04%
AES	C	0.12%	0.07%	0.07%
AFL	A	0.54%	0.11%	0.11%
AIZ	B	0.09%	0.07%	0.07%
AJG	C	0.53%	0.06%	0.06%
AKAM	D	0.13%	0.02%	0.02%
ALB	D	0.09%	0.05%	0.05%
ALGN	D	0.16%	0.02%	0.02%
ALL	A	0.43%	0.34%	0.34%
ALLE	A	0.11%	0.02%	0.02%
AMCR	C	0.14%	0.08%	0.08%
AME	C	0.33%	0.04%	0.04%
AMP	A	0.41%	0.1%	0.1%
ANSS	D	0.23%	0.01%	0.01%
AOS	C	0.09%	0.02%	0.02%
APA	F	0.08%	0.05%	0.05%
APTV	D	0.16%	0.12%	0.12%
ARE	D	0.17%	0.02%	0.02%
ATO	A	0.18%	0.02%	0.02%
AVB	C	0.27%	0.02%	0.02%
AVY	D	0.15%	0.05%	0.05%
AWK	D	0.24%	0.02%	0.02%
AXON	A	0.24%	0.01%	0.01%
BALL	C	0.18%	0.07%	0.07%
BAX	D	0.16%	0.08%	0.08%
BBWI	F	0.06%	0.05%	0.05%
BBY	C	0.19%	0.25%	0.19%
BEN	F	0.05%	0.05%	0.05%
BG	F	0.12%	0.31%	0.12%
BIIB	F	0.24%	0.05%	0.05%
BK	A	0.45%	0.22%	0.22%
BKR	B	0.31%	0.16%	0.16%
BLDR	C	0.2%	0.1%	0.1%
BR	B	0.21%	0.04%	0.04%
BRO	A	0.21%	0.03%	0.03%
BWA	C	0.07%	0.09%	0.07%
BXP	B	0.11%	0.02%	0.02%
CAG	D	0.13%	0.07%	0.07%
CAH	B	0.23%	1.25%	0.23%
CBOE	B	0.19%	0.02%	0.02%
CBRE	C	0.32%	0.2%	0.2%
CCI	D	0.44%	0.04%	0.04%
CCL	C	0.15%	0.14%	0.14%
CDW	D	0.25%	0.12%	0.12%
CE	D	0.13%	0.07%	0.07%
CF	A	0.14%	0.04%	0.04%
CFG	C	0.15%	0.07%	0.07%
CHD	D	0.22%	0.03%	0.03%
CHRW	C	0.11%	0.11%	0.11%
CHTR	D	0.26%	0.29%	0.26%
CINF	A	0.18%	0.06%	0.06%
CLX	C	0.18%	0.04%	0.04%
CMI	A	0.38%	0.21%	0.21%
CMS	A	0.18%	0.04%	0.04%
CNC	F	0.33%	0.88%	0.33%
CNP	B	0.16%	0.05%	0.05%
CPAY	A	0.18%	0.02%	0.02%
CPB	D	0.08%	0.05%	0.05%
CPT	C	0.11%	0.01%	0.01%
CRL	F	0.09%	0.02%	0.02%
CSGP	F	0.26%	0.01%	0.01%
CTLT	A	0.09%	0.03%	0.03%
CTRA	D	0.15%	0.03%	0.03%
CTSH	B	0.32%	0.11%	0.11%
CTVA	A	0.35%	0.1%	0.1%
CZR	B	0.08%	0.07%	0.07%
DAL	C	0.28%	0.39%	0.28%
DAY	C	0.08%	0.01%	0.01%
DD	C	0.31%	0.08%	0.08%
DECK	B	0.2%	0.03%	0.03%
DFS	A	0.29%	0.14%	0.14%
DG	F	0.16%	0.23%	0.16%
DGX	D	0.15%	0.05%	0.05%
DHI	C	0.49%	0.21%	0.21%
DLR	C	0.44%	0.03%	0.03%
DLTR	F	0.12%	0.18%	0.12%
DOC	C	0.14%	0.01%	0.01%
DOV	C	0.22%	0.05%	0.05%
DOW	B	0.33%	0.27%	0.27%
DPZ	D	0.13%	0.03%	0.03%
DRI	C	0.17%	0.07%	0.07%
DTE	B	0.23%	0.07%	0.07%
DVA	C	0.07%	0.07%	0.07%
DVN	F	0.21%	0.08%	0.08%
DXCM	F	0.23%	0.02%	0.02%
EA	D	0.33%	0.04%	0.04%
EBAY	A	0.28%	0.06%	0.06%
ED	C	0.31%	0.08%	0.08%
EFX	D	0.3%	0.03%	0.03%
EG	A	0.15%	0.09%	0.09%
EIX	C	0.29%	0.1%	0.1%
EMN	C	0.11%	0.06%	0.06%
ENPH	F	0.13%	0.01%	0.01%
EPAM	F	0.09%	0.03%	0.03%
EQR	C	0.24%	0.02%	0.02%
EQT	C	0.18%	0.03%	0.03%
ES	D	0.2%	0.06%	0.06%
ESS	D	0.16%	0.01%	0.01%
ETR	A	0.24%	0.07%	0.07%
EVRG	C	0.12%	0.03%	0.03%
EXC	C	0.35%	0.13%	0.13%
EXPD	D	0.16%	0.05%	0.05%
EXPE	B	0.16%	0.08%	0.08%
EXR	D	0.32%	0.02%	0.02%
FANG	D	0.29%	0.05%	0.05%
FAST	C	0.35%	0.04%	0.04%
FDS	C	0.15%	0.01%	0.01%
FE	C	0.22%	0.07%	0.07%
FFIV	B	0.11%	0.02%	0.02%
FICO	C	0.39%	0.01%	0.01%
FIS	A	0.4%	0.06%	0.06%
FITB	C	0.24%	0.08%	0.08%
FMC	C	0.07%	0.02%	0.02%
FOX	B	0.04%	0.04%	0.04%
FOXA	B	0.08%	0.04%	0.04%
FRT	D	0.08%	0.01%	0.01%
FSLR	C	0.22%	0.02%	0.02%
FTV	C	0.23%	0.04%	0.04%
GDDY	B	0.19%	0.03%	0.03%
GEHC	C	0.35%	0.12%	0.12%
GIS	C	0.36%	0.11%	0.11%
GL	C	0.08%	0.03%	0.03%
GLW	C	0.29%	0.08%	0.08%
GNRC	B	0.08%	0.02%	0.02%
GPC	D	0.17%	0.14%	0.14%
GPN	F	0.22%	0.05%	0.05%
GRMN	D	0.23%	0.03%	0.03%
GWW	B	0.39%	0.1%	0.1%
HAL	D	0.23%	0.13%	0.13%
HAS	A	0.09%	0.03%	0.03%
HBAN	B	0.18%	0.07%	0.07%
HES	D	0.33%	0.07%	0.07%
HIG	A	0.29%	0.15%	0.15%
HII	F	0.09%	0.07%	0.07%
HLT	A	0.48%	0.07%	0.07%
HOLX	D	0.16%	0.02%	0.02%
HPE	B	0.22%	0.2%	0.2%
HPQ	B	0.29%	0.33%	0.29%
HRL	F	0.08%	0.07%	0.07%
HSIC	D	0.08%	0.07%	0.07%
HST	D	0.1%	0.03%	0.03%
HSY	D	0.24%	0.06%	0.06%
HUBB	A	0.2%	0.03%	0.03%
HUM	F	0.29%	0.62%	0.29%
HWM	A	0.35%	0.04%	0.04%
IDXX	D	0.35%	0.02%	0.02%
IEX	D	0.14%	0.02%	0.02%
IFF	D	0.23%	0.07%	0.07%
INCY	B	0.09%	0.02%	0.02%
INVH	D	0.18%	0.01%	0.01%
IP	C	0.15%	0.11%	0.11%
IPG	D	0.1%	0.06%	0.06%
IQV	F	0.36%	0.09%	0.09%
IR	A	0.34%	0.04%	0.04%
IRM	B	0.29%	0.03%	0.03%
IT	A	0.32%	0.03%	0.03%
IVZ	A	0.05%	0.04%	0.04%
J	F	0.14%	0.1%	0.1%
JBHT	D	0.12%	0.07%	0.07%
JBL	C	0.11%	0.21%	0.11%
JKHY	A	0.11%	0.01%	0.01%
JNPR	C	0.11%	0.03%	0.03%
K	B	0.18%	0.08%	0.08%
KEY	B	0.13%	0.06%	0.06%
KEYS	B	0.23%	0.03%	0.03%
KIM	C	0.13%	0.01%	0.01%
KMI	A	0.37%	0.09%	0.09%
KMX	F	0.11%	0.15%	0.11%
KR	C	0.32%	0.85%	0.32%
KVUE	C	0.37%	0.09%	0.09%
L	C	0.12%	0.1%	0.1%
LDOS	A	0.19%	0.09%	0.09%
LEN	C	0.02%	0.2%	0.02%
LEN	C	0.38%	0.2%	0.2%
LHX	A	0.4%	0.12%	0.12%
LKQ	F	0.09%	0.08%	0.08%
LNT	B	0.13%	0.02%	0.02%
LUV	B	0.15%	0.16%	0.15%
LVS	B	0.16%	0.08%	0.08%
LW	D	0.08%	0.04%	0.04%
LYB	B	0.21%	0.24%	0.21%
LYV	A	0.15%	0.15%	0.15%
MAA	D	0.16%	0.01%	0.01%
MAS	C	0.16%	0.05%	0.05%
MCHP	F	0.35%	0.04%	0.04%
MGM	D	0.08%	0.1%	0.08%
MHK	C	0.07%	0.06%	0.06%
MKC	C	0.18%	0.04%	0.04%
MKTX	B	0.08%	0.0%	0.0%
MLM	F	0.28%	0.04%	0.04%
MOH	F	0.17%	0.2%	0.17%
MOS	F	0.07%	0.07%	0.07%
MPWR	B	0.36%	0.01%	0.01%
MRO	B	0.13%	0.04%	0.04%
MSCI	B	0.38%	0.02%	0.02%
MTB	A	0.25%	0.08%	0.08%
MTCH	B	0.08%	0.02%	0.02%
MTD	C	0.27%	0.02%	0.02%
NCLH	C	0.07%	0.06%	0.06%
NDAQ	C	0.26%	0.04%	0.04%
NDSN	C	0.13%	0.02%	0.02%
NI	A	0.13%	0.03%	0.03%
NRG	A	0.16%	0.18%	0.16%
NTAP	D	0.21%	0.04%	0.04%
NTRS	B	0.15%	0.08%	0.08%
NUE	D	0.31%	0.2%	0.2%
NVR	C	0.24%	0.06%	0.06%
NWS	D	0.03%	0.03%	0.03%
NWSA	D	0.09%	0.03%	0.03%
O	C	0.47%	0.03%	0.03%
ODFL	F	0.33%	0.03%	0.03%
OKE	A	0.46%	0.11%	0.11%
OMC	C	0.17%	0.09%	0.09%
ON	F	0.26%	0.05%	0.05%
OTIS	A	0.36%	0.09%	0.09%
PARA	F	0.05%	0.17%	0.05%
PAYC	D	0.07%	0.01%	0.01%
PAYX	B	0.39%	0.03%	0.03%
PCG	C	0.36%	0.14%	0.14%
PEG	A	0.39%	0.06%	0.06%
PFG	A	0.17%	0.09%	0.09%
PHM	C	0.26%	0.1%	0.1%
PKG	B	0.16%	0.05%	0.05%
PLTR	A	0.63%	0.01%	0.01%
PNR	C	0.14%	0.02%	0.02%
PNW	C	0.09%	0.03%	0.03%
PODD	C	0.14%	0.01%	0.01%
POOL	D	0.12%	0.03%	0.03%
PPG	D	0.26%	0.11%	0.11%
PPL	C	0.21%	0.05%	0.05%
PRU	B	0.37%	0.36%	0.36%
PTC	B	0.18%	0.01%	0.01%
PWR	A	0.37%	0.14%	0.14%
QRVO	F	0.08%	0.02%	0.02%
RCL	B	0.35%	0.1%	0.1%
REG	C	0.11%	0.01%	0.01%
RF	B	0.18%	0.05%	0.05%
RJF	B	0.2%	0.09%	0.09%
RL	B	0.07%	0.04%	0.04%
RMD	C	0.3%	0.03%	0.03%
ROK	D	0.26%	0.05%	0.05%
ROL	C	0.12%	0.02%	0.02%
ROST	D	0.42%	0.12%	0.12%
SBAC	C	0.22%	0.01%	0.01%
SJM	D	0.11%	0.05%	0.05%
SMCI	F	0.17%	0.07%	0.07%
SNA	C	0.13%	0.03%	0.03%
SOLV	C	0.08%	0.05%	0.05%
SPG	A	0.47%	0.03%	0.03%
STE	D	0.2%	0.03%	0.03%
STLD	C	0.16%	0.11%	0.11%
STT	A	0.22%	0.12%	0.12%
SW	C	0.22%	0.12%	0.12%
SWK	C	0.14%	0.09%	0.09%
SWKS	F	0.13%	0.02%	0.02%
SYF	A	0.17%	0.12%	0.12%
SYY	D	0.33%	0.46%	0.33%
TAP	D	0.09%	0.07%	0.07%
TDY	A	0.17%	0.03%	0.03%
TECH	D	0.1%	0.01%	0.01%
TER	C	0.17%	0.02%	0.02%
TFX	C	0.1%	0.02%	0.02%
TPR	B	0.09%	0.04%	0.04%
TRGP	A	0.28%	0.09%	0.09%
TRMB	B	0.13%	0.02%	0.02%
TROW	D	0.2%	0.04%	0.04%
TSCO	A	0.27%	0.08%	0.08%
TSN	D	0.14%	0.29%	0.14%
TTWO	D	0.22%	0.03%	0.03%
TXT	F	0.14%	0.08%	0.08%
TYL	D	0.21%	0.01%	0.01%
UAL	A	0.16%	0.37%	0.16%
UDR	C	0.13%	0.01%	0.01%
UHS	D	0.11%	0.09%	0.09%
ULTA	D	0.16%	0.07%	0.07%
URI	C	0.46%	0.09%	0.09%
VICI	C	0.29%	0.02%	0.02%
VLTO	A	0.23%	0.03%	0.03%
VMC	D	0.28%	0.05%	0.05%
VRSK	D	0.33%	0.02%	0.02%
VRSN	C	0.14%	0.01%	0.01%
VST	A	0.36%	0.11%	0.11%
VTR	C	0.22%	0.03%	0.03%
VTRS	D	0.12%	0.09%	0.09%
WAB	A	0.27%	0.06%	0.06%
WAT	B	0.18%	0.02%	0.02%
WBA	F	0.05%	0.77%	0.05%
WBD	F	0.17%	0.22%	0.17%
WDC	C	0.19%	0.08%	0.08%
WEC	B	0.26%	0.05%	0.05%
WMB	A	0.48%	0.06%	0.06%
WRB	C	0.14%	0.07%	0.07%
WST	D	0.19%	0.02%	0.02%
WTW	C	0.26%	0.06%	0.06%
WY	C	0.21%	0.04%	0.04%
WYNN	B	0.09%	0.05%	0.05%
XEL	C	0.31%	0.08%	0.08%
XYL	C	0.28%	0.05%	0.05%
YUM	C	0.34%	0.04%	0.04%
ZBH	F	0.19%	0.04%	0.04%
ZBRA	B	0.16%	0.03%	0.03%

IWR Overweight 498 Positions Relative to RWL

Symbol	Grade	Weight
TTD	A	0.41%
LNG	A	0.36%
FERG	F	0.34%
COR	F	0.32%
SQ	D	0.31%
ALNY	C	0.3%
VRT	B	0.3%
DDOG	B	0.29%
APP	A	0.29%
COIN	F	0.28%
VEEV	C	0.26%
CPNG	C	0.24%
ARES	A	0.24%
MSTR	B	0.22%
HUBS	D	0.22%
NET	D	0.2%
FCNCA	D	0.19%
RBLX	D	0.19%
ILMN	B	0.18%
CSL	A	0.18%
BAH	C	0.18%
COO	C	0.18%
PINS	D	0.17%
EME	B	0.17%
TRU	C	0.17%
MKL	B	0.17%
MDB	D	0.16%
LH	D	0.16%
CHK	C	0.16%
CVNA	A	0.16%
LII	C	0.16%
WSM	C	0.16%
LPLA	D	0.15%
WSO	C	0.15%
TPL	A	0.15%
AVTR	D	0.15%
DKNG	C	0.15%
ZM	B	0.15%
SSNC	C	0.14%
TOL	C	0.14%
SUI	D	0.14%
BURL	C	0.14%
ENTG	D	0.14%
RS	D	0.14%
HEI	C	0.14%
MANH	A	0.14%
IBKR	A	0.13%
GEN	A	0.13%
GWRE	A	0.13%
HOOD	B	0.13%
PSTG	F	0.13%
OC	C	0.13%
RPM	A	0.13%
ZS	F	0.13%
RVTY	C	0.13%
DT	B	0.13%
FNF	C	0.13%
THC	D	0.13%
UTHR	C	0.13%
FWONK	D	0.13%
FIX	A	0.12%
NTNX	C	0.12%
ACM	A	0.12%
CASY	D	0.12%
USFD	C	0.12%
RNR	A	0.12%
RGA	B	0.12%
GGG	C	0.12%
NTRA	A	0.12%
TW	A	0.12%
CLH	B	0.11%
WING	C	0.11%
EXAS	C	0.11%
DOCU	A	0.11%
TTEK	A	0.11%
JLL	C	0.11%
TOST	B	0.11%
FND	C	0.11%
AMH	D	0.11%
CW	A	0.11%
BLD	D	0.11%
ELS	D	0.11%
EQH	B	0.11%
BMRN	F	0.11%
GLPI	C	0.11%
WPC	C	0.11%
CACI	A	0.1%
RPRX	D	0.1%
BJ	B	0.1%
CCK	C	0.1%
SCI	D	0.1%
NVT	C	0.1%
NBIX	F	0.1%
LAMR	C	0.1%
SAIA	D	0.1%
DKS	D	0.1%
HEI	C	0.1%
OKTA	F	0.1%
COHR	B	0.1%
FTI	B	0.1%
TXRH	A	0.1%
CUBE	C	0.1%
PFGC	A	0.1%
ITT	C	0.1%
XPO	F	0.1%
ARMK	C	0.09%
OHI	C	0.09%
DOX	B	0.09%
WWD	C	0.09%
BWXT	A	0.09%
Z	C	0.09%
DUOL	B	0.09%
LECO	D	0.09%
KNSL	B	0.09%
ATR	A	0.09%
OVV	D	0.09%
REXR	D	0.09%
JEF	A	0.09%
RRX	B	0.09%
TWLO	B	0.09%
FBIN	C	0.09%
WMS	D	0.09%
EWBC	B	0.09%
SRPT	F	0.09%
SNX	C	0.08%
EGP	D	0.08%
KBR	A	0.08%
NNN	C	0.08%
DCI	B	0.08%
CHE	D	0.08%
ORI	A	0.08%
SKX	B	0.08%
CIEN	A	0.08%
GPK	D	0.08%
NYT	C	0.08%
AFRM	C	0.08%
INGR	B	0.08%
UNM	A	0.08%
EVR	C	0.08%
WAL	C	0.08%
TTC	F	0.08%
PR	D	0.08%
TPX	C	0.08%
PRI	A	0.08%
CAVA	B	0.08%
MUSA	D	0.08%
AYI	A	0.08%
SF	A	0.08%
RGLD	C	0.08%
ROKU	C	0.08%
CG	B	0.08%
EXP	C	0.08%
CHDN	C	0.08%
EHC	C	0.08%
OLED	B	0.08%
ALLY	F	0.08%
TKO	A	0.08%
WTRG	D	0.08%
AFG	A	0.08%
CNH	C	0.08%
AA	B	0.08%
OWL	A	0.08%
ONTO	B	0.08%
NLY	C	0.08%
AGNC	B	0.07%
CR	A	0.07%
WBS	D	0.07%
DTM	A	0.07%
BERY	C	0.07%
MTZ	A	0.07%
ACI	F	0.07%
X	F	0.07%
AXTA	C	0.07%
GMED	B	0.07%
SOFI	C	0.07%
LNW	F	0.07%
COKE	C	0.07%
COLD	D	0.07%
VOYA	A	0.07%
BFAM	C	0.07%
FCN	C	0.07%
BRBR	A	0.07%
SSD	B	0.07%
CHRD	F	0.07%
RGEN	F	0.07%
ATI	C	0.07%
FHN	D	0.07%
KNX	D	0.07%
GME	D	0.07%
OGE	C	0.07%
HLI	A	0.07%
GLOB	D	0.07%
AR	C	0.07%
BRX	C	0.07%
CNM	F	0.07%
CROX	C	0.07%
MORN	B	0.07%
MEDP	F	0.07%
RIVN	F	0.07%
ALSN	A	0.07%
WEX	C	0.07%
RBC	C	0.07%
LAD	C	0.07%
HRB	C	0.07%
FYBR	C	0.07%
LBRDK	C	0.07%
U	D	0.06%
MAT	B	0.06%
H	B	0.06%
RLI	A	0.06%
VKTX	C	0.06%
BIO	B	0.06%
MTG	A	0.06%
FAF	C	0.06%
MTN	D	0.06%
ZION	D	0.06%
LSTR	F	0.06%
SITE	D	0.06%
AZEK	D	0.06%
JAZZ	F	0.06%
RHI	D	0.06%
FLS	A	0.06%
WTFC	B	0.06%
BPOP	D	0.06%
HR	D	0.06%
GNTX	D	0.06%
CGNX	F	0.06%
CBSH	D	0.06%
G	A	0.06%
SEIC	B	0.06%
VNO	B	0.06%
WSC	D	0.06%
LSCC	D	0.06%
CART	B	0.06%
BSY	D	0.06%
VFC	A	0.06%
RYAN	A	0.06%
LPX	C	0.06%
DINO	F	0.06%
STAG	D	0.06%
ARW	C	0.06%
MKSI	F	0.06%
PNFP	B	0.06%
PEN	D	0.06%
PLNT	B	0.06%
SN	A	0.06%
PCTY	C	0.06%
AAL	D	0.06%
KEX	C	0.06%
ELAN	D	0.06%
SAIC	A	0.06%
UHAL	C	0.06%
WCC	D	0.06%
FR	D	0.06%
AAON	A	0.06%
BRKR	D	0.06%
RRC	D	0.06%
TREX	D	0.06%
MIDD	D	0.06%
APG	F	0.06%
SMAR	A	0.06%
ADC	C	0.06%
ITCI	D	0.06%
EXEL	B	0.06%
CMA	C	0.06%
ST	F	0.05%
APPF	C	0.05%
SON	D	0.05%
COLB	C	0.05%
XRAY	D	0.05%
VVV	D	0.05%
DOCS	A	0.05%
THG	A	0.05%
LAZ	C	0.05%
TKR	B	0.05%
PVH	D	0.05%
FOUR	A	0.05%
NFG	A	0.05%
CELH	F	0.05%
PATH	D	0.05%
AMG	B	0.05%
SIRI	C	0.05%
BC	C	0.05%
MDU	C	0.05%
RITM	D	0.05%
OLN	D	0.05%
SRCL	B	0.05%
ALK	C	0.05%
THO	C	0.05%
WHR	C	0.05%
ACHC	F	0.05%
POST	C	0.05%
VMI	B	0.05%
ELF	F	0.05%
MASI	B	0.05%
DAR	F	0.05%
OLLI	C	0.05%
AWI	A	0.05%
GTLB	D	0.05%
ESAB	C	0.05%
GXO	D	0.05%
MTDR	D	0.05%
CLF	D	0.05%
MTSI	B	0.05%
ESI	C	0.05%
WH	C	0.05%
DBX	C	0.05%
ETSY	F	0.05%
LEA	F	0.05%
ESTC	F	0.05%
SNV	D	0.05%
INSP	C	0.05%
IONS	F	0.05%
AGCO	D	0.05%
R	C	0.05%
AXS	A	0.05%
PCOR	D	0.05%
AZPN	A	0.05%
STWD	C	0.05%
PB	D	0.05%
FRPT	A	0.05%
WFRD	F	0.05%
S	C	0.05%
CFR	B	0.05%
MSA	F	0.05%
NOV	F	0.05%
CRUS	D	0.05%
LFUS	C	0.05%
OSK	F	0.05%
AGO	B	0.04%
LITE	A	0.04%
LOPE	D	0.04%
GAP	F	0.04%
M	D	0.04%
PII	D	0.04%
FLO	D	0.04%
ASH	F	0.04%
SLGN	B	0.04%
EEFT	F	0.04%
BYD	B	0.04%
WTM	C	0.04%
OZK	D	0.04%
DLB	D	0.04%
CUZ	C	0.04%
KRC	C	0.04%
LYFT	D	0.04%
AN	D	0.04%
HOG	D	0.04%
AL	D	0.04%
CFLT	F	0.04%
RYN	C	0.04%
VNOM	A	0.04%
LINE	F	0.04%
SLM	B	0.04%
CPRI	C	0.04%
HCP	A	0.04%
PSN	A	0.04%
OGN	F	0.04%
AVT	B	0.04%
FNB	D	0.04%
ROIV	D	0.04%
LNC	B	0.04%
JHG	A	0.04%
TPG	A	0.04%
FIVE	D	0.04%
CCCS	D	0.04%
HXL	F	0.04%
SEE	C	0.04%
RH	C	0.04%
WLK	C	0.04%
W	C	0.04%
RARE	D	0.04%
NXST	D	0.04%
KD	D	0.04%
UGI	C	0.04%
AM	A	0.04%
VNT	F	0.04%
OMF	D	0.04%
CIVI	F	0.04%
IDA	D	0.04%
BILL	D	0.04%
LCID	F	0.03%
ZG	C	0.03%
CC	D	0.03%
WU	D	0.03%
PAG	D	0.03%
WEN	B	0.03%
TNL	B	0.03%
AMED	D	0.03%
NWL	D	0.03%
ZI	F	0.03%
PEGA	B	0.03%
AMTM	D	0.03%
NSA	D	0.03%
AMKR	F	0.03%
NVST	D	0.03%
MAN	D	0.03%
MPW	C	0.03%
YETI	C	0.03%
PRGO	F	0.03%
LBTYA	C	0.03%
DNB	D	0.03%
COTY	F	0.03%
LBTYK	C	0.03%
HIW	C	0.03%
BROS	F	0.03%
DXC	C	0.03%
GTES	C	0.03%
CHH	A	0.03%
IRDM	C	0.03%
EPR	C	0.03%
SMG	C	0.03%
NEU	F	0.03%
KMPR	D	0.03%
GFS	F	0.03%
SPR	D	0.03%
IAC	C	0.03%
HUN	B	0.03%
MSGS	A	0.03%
MSM	D	0.03%
LEG	D	0.02%
BIRK	F	0.02%
QS	F	0.02%
IPGP	D	0.02%
VSTS	D	0.02%
FIVN	F	0.02%
PINC	F	0.02%
PPC	C	0.02%
ADT	D	0.02%
HAYW	C	0.02%
JWN	D	0.02%
RCM	B	0.02%
AAP	F	0.02%
TXG	F	0.02%
ENOV	F	0.02%
BOKF	B	0.02%
KSS	D	0.02%
MP	C	0.02%
CRI	D	0.02%
LLYVK	B	0.02%
QDEL	D	0.02%
HHH	C	0.02%
CNXC	F	0.02%
DV	F	0.02%
SHC	C	0.02%
VIRT	B	0.02%
CWEN	C	0.02%
AZTA	F	0.02%
RNG	F	0.02%
SPB	C	0.02%
AGR	C	0.02%
NCNO	F	0.02%
SAM	D	0.02%
VAC	D	0.02%
CLVT	D	0.02%
CXT	F	0.02%
RKT	D	0.02%
ALGM	F	0.02%
BHF	D	0.02%
CACC	F	0.02%
PENN	D	0.02%
COLM	B	0.02%
FHB	D	0.02%
TDC	D	0.02%
APLS	F	0.02%
PK	D	0.02%
UHAL	C	0.01%
TFSL	D	0.01%
NFE	F	0.01%
LOAR	B	0.01%
UWMC	D	0.01%
SEB	F	0.01%
UI	B	0.01%
DJT	F	0.01%
AS	B	0.01%
CWEN	C	0.01%
LLYVA	B	0.01%
PYCR	D	0.01%
CNA	D	0.01%
ALAB	C	0.01%
WOLF	F	0.01%
DDS	D	0.01%
SNDR	D	0.01%
LBRDA	C	0.01%
CERT	F	0.01%
CAR	D	0.01%
TRIP	D	0.01%
INFA	D	0.01%
UA	B	0.01%
FWONA	C	0.01%
GO	F	0.01%
FTRE	F	0.01%
UAA	B	0.01%
REYN	D	0.01%
SEG	F	0.0%
PARAA	D	0.0%
GRAL	F	0.0%
PLTK	C	0.0%

IWR Underweight 194 Positions Relative to RWL

Symbol	Grade	Weight
WMT	A	-3.75%
AMZN	C	-3.53%
AAPL	C	-2.24%
BRK.A	B	-2.14%
CVS	D	-2.11%
UNH	B	-2.11%
XOM	A	-1.97%
MCK	F	-1.65%
JPM	C	-1.56%
COST	C	-1.42%
MSFT	D	-1.4%
CI	D	-1.16%
CVX	B	-1.14%
BAC	B	-1.1%
F	D	-1.03%
C	B	-1.03%
GM	D	-1.0%
GOOG	B	-0.97%
GOOGL	B	-0.96%
META	A	-0.92%
ELV	F	-0.92%
HD	A	-0.9%
PSX	D	-0.89%
MPC	D	-0.84%
VLO	F	-0.81%
VZ	C	-0.77%
WFC	B	-0.75%
CMCSA	B	-0.72%
GS	B	-0.72%
T	B	-0.7%
TGT	C	-0.63%
MS	A	-0.62%
TSLA	C	-0.6%
DELL	C	-0.58%
NVDA	B	-0.57%
DIS	D	-0.54%
UPS	D	-0.53%
LOW	C	-0.5%
PEP	F	-0.5%
PG	D	-0.48%
JNJ	D	-0.48%
FDX	F	-0.46%
TMUS	A	-0.45%
CAT	A	-0.43%
RTX	A	-0.42%
MET	A	-0.42%
AXP	A	-0.42%
LMT	A	-0.41%
BA	F	-0.41%
HCA	C	-0.4%
PGR	B	-0.38%
INTC	D	-0.38%
IBM	A	-0.37%
ACN	B	-0.37%
MRK	F	-0.35%
CSCO	A	-0.33%
NKE	D	-0.33%
DE	C	-0.33%
COF	A	-0.32%
COP	D	-0.32%
ORCL	A	-0.32%
CB	A	-0.31%
ABBV	C	-0.31%
TJX	D	-0.31%
PFE	D	-0.31%
AVGO	B	-0.28%
BMY	A	-0.27%
KO	C	-0.26%
TRV	B	-0.25%
GD	C	-0.25%
AIG	C	-0.24%
USB	C	-0.24%
UBER	C	-0.24%
TMO	D	-0.24%
GE	B	-0.23%
NOC	B	-0.23%
HON	C	-0.22%
LLY	D	-0.22%
QCOM	D	-0.22%
ABT	C	-0.22%
CRM	B	-0.22%
SBUX	B	-0.21%
SLB	D	-0.21%
PCAR	D	-0.21%
NFLX	A	-0.21%
PM	D	-0.2%
GEV	A	-0.2%
PYPL	A	-0.2%
MDLZ	D	-0.2%
V	B	-0.19%
LIN	C	-0.19%
PNC	C	-0.19%
MDT	C	-0.18%
CEG	A	-0.17%
DUK	C	-0.17%
AMGN	D	-0.17%
FCX	B	-0.17%
AMAT	C	-0.17%
GILD	A	-0.16%
JCI	C	-0.16%
AMD	C	-0.15%
MMM	C	-0.15%
KHC	F	-0.15%
MU	D	-0.15%
SO	A	-0.15%
TFC	D	-0.15%
SCHW	D	-0.15%
MA	A	-0.15%
ETN	B	-0.15%
MCD	A	-0.15%
MAR	A	-0.15%
OXY	D	-0.15%
NEE	C	-0.14%
EOG	B	-0.14%
BKNG	B	-0.14%
CARR	A	-0.14%
DHR	D	-0.14%
KKR	A	-0.14%
MMC	D	-0.13%
SHW	C	-0.13%
UNP	F	-0.13%
BLK	A	-0.12%
WM	B	-0.12%
SYK	C	-0.12%
PH	A	-0.12%
EL	D	-0.11%
ADP	A	-0.11%
AEP	C	-0.11%
CL	D	-0.11%
MO	D	-0.11%
ADBE	F	-0.11%
TT	A	-0.11%
FI	A	-0.11%
BDX	C	-0.11%
KMB	D	-0.11%
ORLY	A	-0.1%
TXN	C	-0.1%
EMR	B	-0.1%
AZO	D	-0.1%
KDP	C	-0.09%
BSX	A	-0.09%
RSG	D	-0.09%
NEM	C	-0.09%
INTU	F	-0.09%
ECL	C	-0.09%
TEL	D	-0.09%
LRCX	D	-0.09%
ITW	C	-0.09%
NXPI	F	-0.08%
APH	D	-0.08%
D	A	-0.08%
AON	A	-0.08%
CSX	D	-0.08%
ABNB	D	-0.07%
NSC	C	-0.07%
REGN	D	-0.07%
APD	C	-0.07%
SRE	C	-0.07%
SPGI	C	-0.07%
VRTX	D	-0.06%
ADI	B	-0.06%
NOW	B	-0.06%
LULU	D	-0.06%
STZ	D	-0.06%
ICE	A	-0.06%
KLAC	B	-0.06%
MSI	A	-0.06%
BX	C	-0.06%
AMT	D	-0.06%
CMG	C	-0.06%
EQIX	C	-0.05%
ZTS	C	-0.05%
CTAS	C	-0.05%
MCO	D	-0.04%
SNPS	F	-0.04%
ROP	D	-0.04%
ANET	A	-0.04%
WELL	C	-0.04%
STX	C	-0.04%
PLD	D	-0.04%
ISRG	C	-0.04%
MNST	D	-0.04%
TDG	A	-0.04%
PANW	B	-0.04%
CPRT	B	-0.03%
PSA	C	-0.03%
MRNA	F	-0.03%
FTNT	A	-0.03%
EW	F	-0.03%
CME	A	-0.03%
ADSK	B	-0.03%
ERIE	A	-0.02%
CRWD	D	-0.02%
CDNS	D	-0.02%