IWR vs. SMMV ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$95.33

Average Daily Volume

1,481,953

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

37,198

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	IWR	SMMV
30 Days	7.96%	8.45%
60 Days	8.32%	9.06%
90 Days	11.70%	10.34%
12 Months	34.81%	30.37%

86 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in SMMV	Overlap
ACHC	F	0.03%	0.06%	0.03%
ADC	A	0.06%	1.45%	0.06%
AM	A	0.04%	0.36%	0.04%
AMED	F	0.02%	0.56%	0.02%
ASH	F	0.03%	0.23%	0.03%
ATR	B	0.09%	1.49%	0.09%
AVT	C	0.04%	0.34%	0.04%
AXS	A	0.06%	1.32%	0.06%
BJ	B	0.1%	0.73%	0.1%
BWXT	B	0.1%	0.78%	0.1%
CACI	D	0.09%	0.81%	0.09%
CART	C	0.06%	0.06%	0.06%
CASY	B	0.12%	0.79%	0.12%
CCCS	B	0.04%	0.59%	0.04%
CHE	D	0.07%	1.32%	0.07%
CHH	A	0.03%	0.19%	0.03%
CIEN	B	0.08%	0.15%	0.08%
COKE	C	0.06%	0.06%	0.06%
CW	B	0.11%	0.71%	0.11%
DBX	C	0.05%	0.28%	0.05%
DCI	A	0.08%	0.31%	0.08%
DLB	B	0.03%	0.81%	0.03%
DTM	B	0.08%	1.14%	0.08%
ECG	C	0.02%	0.46%	0.02%
EHC	A	0.08%	1.08%	0.08%
EXEL	A	0.08%	1.73%	0.08%
FCN	D	0.06%	0.61%	0.06%
FLO	C	0.03%	0.82%	0.03%
GNTX	C	0.06%	0.9%	0.06%
GO	C	0.01%	0.3%	0.01%
GPK	C	0.07%	0.11%	0.07%
GWRE	A	0.13%	0.09%	0.09%
HLI	A	0.08%	0.38%	0.08%
HRB	D	0.07%	0.47%	0.07%
IBKR	A	0.16%	0.54%	0.16%
IDA	C	0.05%	1.12%	0.05%
INGR	B	0.08%	0.72%	0.08%
IONS	D	0.04%	0.45%	0.04%
ITCI	B	0.07%	0.08%	0.07%
JAZZ	B	0.06%	0.42%	0.06%
KBR	D	0.06%	0.42%	0.06%
LBTYK	A	0.02%	0.13%	0.02%
LOPE	B	0.04%	0.69%	0.04%
LSTR	C	0.05%	0.81%	0.05%
MDU	D	0.03%	0.59%	0.03%
MSA	C	0.05%	0.44%	0.05%
MSGS	A	0.03%	0.64%	0.03%
MSM	C	0.03%	0.57%	0.03%
MUSA	A	0.08%	1.6%	0.08%
NEU	C	0.03%	0.75%	0.03%
NTNX	B	0.14%	0.11%	0.11%
NYT	D	0.07%	0.4%	0.07%
OGE	A	0.07%	1.16%	0.07%
OHI	C	0.08%	0.6%	0.08%
OLLI	C	0.05%	0.24%	0.05%
ORI	A	0.08%	1.57%	0.08%
PINC	B	0.02%	0.51%	0.02%
PNW	A	0.09%	0.91%	0.09%
POST	B	0.04%	0.77%	0.04%
PPC	C	0.02%	0.24%	0.02%
PRGO	C	0.03%	0.15%	0.03%
PSN	D	0.04%	0.87%	0.04%
RARE	D	0.03%	0.18%	0.03%
REYN	D	0.01%	0.33%	0.01%
RGA	A	0.13%	1.11%	0.13%
RGLD	C	0.08%	1.39%	0.08%
RLI	A	0.06%	1.25%	0.06%
RNR	C	0.11%	0.93%	0.11%
RYAN	A	0.06%	0.69%	0.06%
SAIC	F	0.05%	0.25%	0.05%
SCI	A	0.1%	0.25%	0.1%
SEB	F	0.01%	0.05%	0.01%
SLGN	A	0.04%	0.14%	0.04%
SNDR	A	0.01%	0.32%	0.01%
SNRE	D	0.02%	0.1%	0.02%
SNX	C	0.07%	0.31%	0.07%
SON	D	0.04%	0.43%	0.04%
THG	A	0.05%	1.11%	0.05%
TKO	A	0.08%	0.66%	0.08%
TXRH	A	0.11%	0.62%	0.11%
UNM	A	0.1%	1.16%	0.1%
VIRT	B	0.02%	0.5%	0.02%
VNOM	B	0.04%	0.59%	0.04%
VVV	F	0.05%	0.27%	0.05%
WEN	D	0.03%	0.6%	0.03%
WTM	A	0.04%	0.93%	0.04%

IWR Overweight 717 Positions Relative to SMMV

Symbol	Grade	Weight
PLTR	B	1.09%
APP	B	0.63%
WMB	B	0.57%
OKE	B	0.53%
AJG	A	0.52%
AFL	A	0.51%
COIN	C	0.5%
HLT	A	0.5%
BK	A	0.48%
DLR	A	0.48%
SPG	A	0.48%
URI	B	0.46%
AMP	A	0.46%
RCL	A	0.45%
KMI	B	0.44%
MSTR	C	0.44%
FICO	A	0.44%
ALL	A	0.43%
TTD	B	0.43%
GWW	A	0.42%
O	D	0.41%
CMI	A	0.41%
FIS	D	0.41%
LNG	A	0.4%
VST	B	0.4%
FAST	A	0.39%
SQ	C	0.39%
PWR	A	0.39%
DHI	D	0.39%
MSCI	B	0.38%
KVUE	A	0.38%
PRU	A	0.38%
PAYX	B	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	B	0.37%
EA	B	0.36%
VRT	B	0.36%
DFS	B	0.36%
ODFL	B	0.35%
BKR	C	0.35%
AXON	A	0.35%
TRGP	B	0.35%
DAL	B	0.34%
IR	A	0.34%
CBRE	A	0.33%
COR	A	0.33%
VRSK	A	0.33%
OTIS	C	0.33%
LEN	D	0.33%
FERG	B	0.33%
HES	B	0.33%
CTSH	A	0.32%
KR	A	0.32%
CTVA	A	0.32%
XEL	A	0.32%
EXC	C	0.32%
IT	C	0.32%
GEHC	F	0.31%
A	D	0.31%
SYY	C	0.31%
YUM	B	0.31%
DDOG	B	0.31%
HPQ	B	0.3%
CHTR	B	0.3%
ACGL	D	0.3%
VMC	B	0.3%
IDXX	F	0.29%
IQV	D	0.29%
NUE	D	0.29%
GIS	D	0.29%
GLW	B	0.29%
MTB	B	0.29%
MLM	B	0.29%
ED	C	0.28%
IRM	C	0.28%
WAB	A	0.28%
RMD	C	0.28%
DD	D	0.28%
EXR	C	0.28%
HIG	A	0.28%
GRMN	B	0.27%
NDAQ	A	0.27%
AVB	A	0.27%
ROK	B	0.27%
VICI	C	0.27%
HUBS	B	0.27%
HUM	C	0.27%
FANG	F	0.27%
MCHP	D	0.27%
DOW	F	0.26%
WEC	A	0.26%
EBAY	C	0.26%
VEEV	B	0.26%
ETR	A	0.26%
EIX	A	0.26%
WTW	A	0.26%
FITB	B	0.26%
UAL	B	0.25%
CNC	F	0.25%
DXCM	C	0.25%
RJF	A	0.25%
EFX	D	0.25%
ARES	A	0.25%
TTWO	A	0.25%
PPG	D	0.24%
STT	A	0.24%
CSGP	C	0.24%
CAH	B	0.24%
ANSS	B	0.24%
XYL	D	0.24%
GPN	C	0.24%
TSCO	D	0.24%
ALNY	D	0.24%
HPE	B	0.23%
DOV	A	0.23%
EQR	A	0.23%
ON	D	0.23%
CPNG	C	0.23%
HAL	C	0.22%
AWK	D	0.22%
BRO	A	0.22%
FCNCA	B	0.22%
FTV	B	0.22%
PHM	D	0.22%
CHD	B	0.22%
SW	B	0.22%
DECK	B	0.22%
BR	A	0.22%
NET	B	0.22%
MPWR	F	0.22%
PPL	A	0.21%
MTD	D	0.21%
HSY	F	0.21%
EQT	B	0.21%
TYL	A	0.21%
VLTO	D	0.21%
ADM	D	0.21%
TPL	B	0.21%
HBAN	B	0.21%
SYF	A	0.21%
VTR	C	0.21%
GDDY	A	0.21%
RBLX	C	0.21%
NVR	D	0.21%
TROW	A	0.21%
KEYS	B	0.21%
CVNA	B	0.21%
SBAC	D	0.2%
CDW	F	0.2%
FE	D	0.2%
NTAP	B	0.2%
DVN	F	0.2%
RF	B	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%
EME	B	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%
ILMN	C	0.18%
EXE	B	0.18%
STE	F	0.18%
LDOS	D	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	B	0.17%
LYV	B	0.17%
WDC	C	0.17%
CSL	B	0.17%
INVH	D	0.17%
STLD	B	0.17%
CLX	C	0.17%
PKG	A	0.17%
CBOE	B	0.17%
WAT	A	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%
LII	B	0.16%
CNP	A	0.16%
ZBRA	A	0.16%
MDB	C	0.16%
LH	B	0.16%
DRI	B	0.16%
PFG	C	0.16%
BBY	D	0.16%
IP	B	0.16%
RS	B	0.15%
KEY	B	0.15%
DGX	B	0.15%
WRB	A	0.15%
HOLX	D	0.15%
WSO	B	0.15%
DKNG	C	0.15%
TOST	B	0.15%
TSN	B	0.15%
PODD	B	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	B	0.14%
NTRA	B	0.14%
WSM	B	0.14%
DG	F	0.14%
XPO	B	0.14%
MANH	C	0.14%
OC	B	0.14%
ALGN	D	0.14%
FWONK	A	0.14%
LVS	C	0.14%
EXPD	D	0.14%
PINS	D	0.14%
HEI	B	0.14%
GPC	D	0.14%
BURL	B	0.14%
MOH	D	0.14%
TRMB	B	0.14%
RPM	B	0.14%
IEX	B	0.14%
MAS	D	0.14%
J	D	0.14%
PNR	A	0.14%
ULTA	F	0.14%
VTRS	B	0.13%
FNF	B	0.13%
VRSN	C	0.13%
DT	C	0.13%
SUI	D	0.13%
TOL	B	0.13%
LNT	A	0.13%
FIX	A	0.13%
SSNC	A	0.13%
AVY	D	0.13%
UTHR	B	0.13%
CF	B	0.13%
TXT	D	0.13%
EG	C	0.13%
MRO	B	0.13%
TER	D	0.13%
DOCU	B	0.13%
GEN	A	0.13%
BAX	F	0.13%
ROL	A	0.12%
SOFI	B	0.12%
AVTR	D	0.12%
EQH	B	0.12%
JBL	C	0.12%
EVRG	A	0.12%
EWBC	B	0.12%
APTV	F	0.12%
NDSN	B	0.12%
ACM	A	0.12%
UDR	B	0.12%
DOC	C	0.12%
AMCR	D	0.12%
ENTG	D	0.12%
USFD	A	0.12%
THC	D	0.12%
PSTG	D	0.12%
DPZ	B	0.12%
JBHT	B	0.12%
TW	A	0.12%
L	A	0.12%
GGG	B	0.12%
PFGC	B	0.11%
CHRW	C	0.11%
GLPI	B	0.11%
JEF	A	0.11%
DLTR	D	0.11%
AFRM	B	0.11%
EPAM	C	0.11%
ELS	B	0.11%
SWK	D	0.11%
TPR	A	0.11%
AKAM	D	0.11%
SWKS	D	0.11%
POOL	C	0.11%
RVTY	D	0.11%
REG	A	0.11%
SAIA	B	0.11%
FFIV	A	0.11%
OVV	C	0.1%
Z	B	0.1%
UHS	D	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%
FTI	A	0.1%
HST	C	0.1%
INCY	B	0.1%
WPC	D	0.1%
ALB	C	0.1%
ALLE	D	0.1%
KMX	B	0.1%
BXP	C	0.1%
CPT	A	0.1%
JLL	B	0.1%
ITT	B	0.1%
JKHY	D	0.1%
COHR	C	0.1%
CLH	B	0.1%
CAG	D	0.1%
BG	D	0.1%
AMH	C	0.1%
WBS	B	0.09%
PRI	A	0.09%
FOXA	C	0.09%
TECH	C	0.09%
CCK	D	0.09%
GNRC	B	0.09%
CTLT	B	0.09%
CAVA	C	0.09%
EVR	B	0.09%
FND	C	0.09%
CUBE	D	0.09%
LW	C	0.09%
NWSA	B	0.09%
LAMR	C	0.09%
TAP	C	0.09%
BLD	D	0.09%
SJM	C	0.09%
CG	B	0.09%
TTEK	D	0.09%
AA	A	0.09%
DKS	C	0.09%
FHN	B	0.09%
PAYC	A	0.09%
DAY	B	0.09%
RRX	C	0.09%
DUOL	B	0.09%
NCLH	B	0.09%
LECO	C	0.09%
OWL	B	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%
SMCI	F	0.08%
WMS	D	0.08%
WYNN	D	0.08%
WING	D	0.08%
SOLV	C	0.08%
FRT	A	0.08%
BRBR	A	0.08%
SRPT	C	0.08%
PNFP	B	0.08%
AAL	B	0.08%
CRL	D	0.08%
CNH	B	0.08%
DOX	D	0.08%
MKTX	D	0.08%
PR	B	0.08%
GL	C	0.08%
WTRG	B	0.08%
WAL	B	0.08%
CHDN	C	0.08%
LBRDK	C	0.08%
ARMK	A	0.08%
NLY	B	0.08%
AFG	A	0.08%
ALLY	B	0.08%
AES	F	0.08%
GME	C	0.08%
LKQ	D	0.08%
EXP	B	0.08%
AYI	C	0.08%
RPRX	D	0.08%
LAD	B	0.08%
IPG	C	0.08%
ALSN	B	0.08%
WWD	B	0.08%
KNSL	B	0.08%
CHRD	F	0.07%
MTCH	D	0.07%
MEDP	D	0.07%
RRC	B	0.07%
ACI	C	0.07%
X	C	0.07%
SEIC	A	0.07%
CZR	D	0.07%
SKX	D	0.07%
SNV	B	0.07%
APG	B	0.07%
CE	F	0.07%
DVA	A	0.07%
APA	F	0.07%
CNM	C	0.07%
CFR	B	0.07%
VOYA	B	0.07%
PLNT	A	0.07%
CPB	D	0.07%
RIVN	D	0.07%
EGP	F	0.07%
RL	B	0.07%
MOS	F	0.07%
LNW	D	0.07%
HRL	D	0.07%
MTZ	A	0.07%
TTC	D	0.07%
CR	B	0.07%
GLOB	B	0.07%
WTFC	B	0.07%
CBSH	B	0.07%
ZION	B	0.07%
FYBR	D	0.07%
HAS	D	0.07%
BILL	B	0.07%
AOS	F	0.07%
CMA	A	0.07%
BRX	A	0.07%
MGM	F	0.07%
PCTY	B	0.07%
ROKU	D	0.07%
KNX	B	0.07%
PEN	B	0.07%
HSIC	B	0.07%
AR	B	0.07%
AXTA	B	0.07%
WCC	B	0.07%
RBC	A	0.07%
EXAS	D	0.07%
MORN	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%
MTDR	C	0.06%
VMI	A	0.06%
FMC	D	0.06%
DAR	C	0.06%
ALK	B	0.06%
CGNX	C	0.06%
BPOP	B	0.06%
MTSI	B	0.06%
MASI	B	0.06%
ELAN	F	0.06%
R	A	0.06%
GXO	B	0.06%
FR	D	0.06%
ATI	D	0.06%
FRPT	B	0.06%
RGEN	D	0.06%
VFC	B	0.06%
ESTC	C	0.06%
ESAB	B	0.06%
MKSI	C	0.06%
AGNC	D	0.06%
GTLB	C	0.06%
BBWI	C	0.06%
OSK	B	0.06%
VNO	B	0.06%
S	B	0.06%
LPX	B	0.06%
MIDD	B	0.06%
WEX	D	0.06%
PCOR	B	0.06%
PB	B	0.06%
TREX	C	0.06%
MHK	D	0.06%
WH	A	0.06%
KEX	B	0.06%
SMAR	A	0.06%
RHI	C	0.06%
SSD	C	0.06%
OLED	F	0.06%
HII	D	0.06%
NNN	D	0.06%
BERY	B	0.06%
ONTO	F	0.06%
FLS	A	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%
NFG	B	0.05%
THO	B	0.05%
BRKR	F	0.05%
PVH	C	0.05%
FOX	B	0.05%
JHG	A	0.05%
ETSY	C	0.05%
CROX	F	0.05%
AGCO	D	0.05%
VNT	C	0.05%
AMG	B	0.05%
LFUS	D	0.05%
FNB	B	0.05%
WFRD	F	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	C	0.05%
OMF	A	0.05%
ESI	B	0.05%
SIRI	C	0.05%
MAT	D	0.05%
NOV	D	0.05%
KD	A	0.05%
WSC	D	0.05%
MTG	B	0.05%
IVZ	B	0.05%
PARA	D	0.05%
COLB	B	0.05%
BSY	D	0.05%
ELF	C	0.05%
FAF	B	0.05%
STAG	D	0.05%
LYFT	C	0.05%
AZEK	B	0.05%
HR	A	0.05%
DINO	F	0.05%
AZPN	A	0.05%
M	D	0.04%
GAP	C	0.04%
KMPR	B	0.04%
RYN	C	0.04%
EEFT	B	0.04%
CELH	F	0.04%
KRC	C	0.04%
SEE	C	0.04%
CUZ	B	0.04%
RH	B	0.04%
AGO	B	0.04%
FIVE	F	0.04%
ST	D	0.04%
HCP	C	0.04%
ROIV	B	0.04%
HXL	D	0.04%
OLN	D	0.04%
TKR	D	0.04%
BYD	B	0.04%
NXST	C	0.04%
INSP	D	0.04%
UGI	A	0.04%
AL	B	0.04%
BROS	A	0.04%
CIVI	F	0.04%
OZK	B	0.04%
U	C	0.04%
VKTX	F	0.04%
APPF	B	0.04%
SLM	B	0.04%
LNC	B	0.04%
CLF	F	0.04%
LEA	D	0.04%
TPG	B	0.04%
CRUS	D	0.04%
BC	D	0.04%
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	B	0.03%
HIW	D	0.03%
PII	F	0.03%
FHB	B	0.03%
IAC	D	0.03%
NVST	C	0.03%
SPR	D	0.03%
W	F	0.03%
TNL	B	0.03%
NWS	B	0.03%
NWL	B	0.03%
DNB	B	0.03%
XRAY	F	0.03%
DXC	B	0.03%
PEGA	A	0.03%
OGN	D	0.03%
LINE	F	0.03%
HOG	D	0.03%
GFS	C	0.03%
GTES	A	0.03%
AN	B	0.03%
WLK	F	0.03%
VSTS	C	0.02%
CRI	F	0.02%
UAA	C	0.02%
ALAB	B	0.02%
RKT	D	0.02%
QDEL	F	0.02%
INFA	D	0.02%
LBTYA	A	0.02%
IPGP	D	0.02%
LCID	F	0.02%
KSS	F	0.02%
SHC	F	0.02%
ADT	B	0.02%
AZTA	D	0.02%
RCM	F	0.02%
AAP	C	0.02%
HAYW	B	0.02%
CWEN	C	0.02%
JWN	A	0.02%
ALGM	D	0.02%
CPRI	F	0.02%
SPB	C	0.02%
MP	B	0.02%
HHH	A	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	C	0.02%
COTY	F	0.02%
CACC	C	0.02%
DV	C	0.02%
FIVN	C	0.02%
TDC	D	0.02%
SAM	C	0.02%
COLM	B	0.02%
CC	C	0.02%
AMKR	F	0.02%
MAN	D	0.02%
PAG	B	0.02%
RNG	B	0.02%
NSA	C	0.02%
LLYVK	A	0.02%
PK	B	0.02%
UWMC	D	0.01%
PLTK	B	0.01%
TFSL	B	0.01%
WOLF	F	0.01%
LOAR	B	0.01%
CWEN	C	0.01%
CNA	B	0.01%
AS	A	0.01%
CERT	D	0.01%
PYCR	C	0.01%
DDS	B	0.01%
LLYVA	A	0.01%
UI	B	0.01%
TXG	F	0.01%
TRIP	F	0.01%
LBRDA	C	0.01%
LEG	F	0.01%
DJT	C	0.01%
QS	F	0.01%
CAR	C	0.01%
FTRE	C	0.01%
FWONA	A	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 203 Positions Relative to SMMV

Symbol	Grade	Weight
HQY	B	-1.23%
SIGI	B	-1.14%
CVLT	A	-1.12%
SFM	A	-1.07%
ENSG	D	-1.06%
PBH	B	-0.77%
TXNM	B	-0.75%
CALM	B	-0.72%
ALKS	B	-0.71%
LRN	A	-0.7%
PAGP	B	-0.68%
CCOI	B	-0.66%
CTRE	D	-0.65%
NWE	C	-0.64%
BRC	C	-0.63%
INSM	C	-0.58%
GHC	A	-0.58%
HESM	A	-0.54%
PRGS	A	-0.51%
TGNA	B	-0.5%
POR	C	-0.49%
FCFS	D	-0.49%
CWAN	B	-0.48%
DRS	C	-0.47%
LAUR	B	-0.47%
JJSF	C	-0.47%
PCVX	D	-0.47%
ESGR	B	-0.46%
MGEE	C	-0.46%
CSWI	B	-0.45%
WERN	B	-0.45%
HURN	B	-0.42%
KNTK	C	-0.42%
EQC	B	-0.4%
MCY	A	-0.38%
ADUS	D	-0.37%
CWST	B	-0.35%
PRDO	B	-0.35%
XENE	C	-0.34%
BATRK	D	-0.34%
AGX	B	-0.33%
UNF	A	-0.33%
MGRC	B	-0.33%
NHC	B	-0.33%
AVPT	B	-0.33%
HMN	B	-0.33%
VRRM	D	-0.32%
BHE	B	-0.32%
SKWD	B	-0.32%
LANC	C	-0.32%
INSW	F	-0.31%
SMPL	B	-0.31%
IDCC	A	-0.31%
CORT	B	-0.3%
USLM	A	-0.3%
NSIT	D	-0.3%
GPOR	B	-0.3%
PDCO	D	-0.3%
DVAX	C	-0.29%
WT	B	-0.28%
MIRM	B	-0.28%
HWKN	A	-0.28%
CRNX	B	-0.27%
EIG	B	-0.26%
ALE	A	-0.26%
CRAI	B	-0.25%
YELP	C	-0.25%
OSW	B	-0.25%
IDYA	F	-0.24%
NJR	B	-0.24%
SAFT	B	-0.24%
MMS	F	-0.23%
WABC	B	-0.22%
INVA	D	-0.21%
ADMA	B	-0.21%
AMSF	B	-0.21%
NTST	D	-0.2%
PJT	B	-0.2%
AVA	B	-0.2%
OPCH	D	-0.19%
AWR	B	-0.19%
IMKTA	C	-0.19%
EDR	A	-0.19%
SWX	B	-0.18%
BFC	B	-0.18%
NTCT	B	-0.18%
ATEN	A	-0.18%
COLL	D	-0.18%
KRP	C	-0.18%
CNX	B	-0.17%
SPNT	B	-0.17%
ARCH	B	-0.16%
CNXN	C	-0.16%
HCC	B	-0.16%
KNSA	D	-0.16%
CXW	B	-0.16%
WMK	B	-0.16%
CWT	D	-0.16%
ICFI	F	-0.15%
IRON	C	-0.15%
IDT	A	-0.15%
DJCO	B	-0.14%
VVX	D	-0.14%
JBSS	D	-0.14%
BLKB	B	-0.14%
HCKT	B	-0.14%
OGS	B	-0.14%
HSTM	B	-0.14%
ATGE	B	-0.14%
GTX	C	-0.13%
RGR	F	-0.13%
REX	F	-0.13%
KRYS	B	-0.13%
ZYME	C	-0.13%
LMAT	B	-0.12%
UVE	B	-0.12%
HALO	F	-0.12%
SPTN	D	-0.12%
SMP	C	-0.12%
PLXS	B	-0.11%
VREX	C	-0.11%
LQDT	A	-0.11%
USM	B	-0.11%
LTC	B	-0.11%
ACLX	C	-0.11%
SHEN	F	-0.11%
CHCO	B	-0.11%
MCS	B	-0.1%
AGIO	B	-0.1%
ALRM	C	-0.1%
DHIL	C	-0.1%
ACEL	B	-0.1%
EBF	D	-0.1%
NABL	F	-0.1%
UFCS	B	-0.1%
TIPT	B	-0.09%
CRVL	B	-0.09%
GEO	B	-0.09%
HCI	B	-0.09%
EPAC	B	-0.09%
YORW	D	-0.09%
SPRY	D	-0.09%
IRWD	F	-0.09%
FC	D	-0.08%
DORM	B	-0.08%
EWTX	C	-0.08%
ANIP	D	-0.08%
NPK	B	-0.08%
TARS	B	-0.08%
VITL	D	-0.08%
BBSI	A	-0.08%
KELYA	F	-0.08%
MATX	C	-0.08%
STRA	C	-0.08%
NTGR	A	-0.08%
FRPH	B	-0.08%
CEIX	B	-0.08%
IMAX	B	-0.07%
SR	A	-0.07%
BOX	A	-0.07%
CNSL	B	-0.07%
SENEA	B	-0.07%
TBPH	C	-0.07%
LQDA	D	-0.07%
ATEX	F	-0.07%
THS	D	-0.07%
OSIS	A	-0.07%
WINA	B	-0.07%
CPK	B	-0.07%
NRC	F	-0.06%
PBF	C	-0.06%
IMXI	C	-0.06%
CLW	F	-0.06%
HG	B	-0.06%
RAMP	C	-0.06%
UTI	A	-0.06%
CCRN	F	-0.06%
ACT	C	-0.06%
IRMD	C	-0.05%
ADEA	C	-0.05%
IMNM	F	-0.05%
SCHL	D	-0.05%
METC	D	-0.05%
ACAD	D	-0.05%
UTZ	D	-0.05%
AESI	B	-0.05%
KROS	D	-0.05%
CGON	D	-0.05%
USPH	B	-0.05%
RMR	F	-0.05%
BATRA	F	-0.05%
BTU	C	-0.05%
GNK	D	-0.04%
SWBI	C	-0.04%
DAWN	F	-0.04%
DK	C	-0.04%
TH	C	-0.04%
CGEM	F	-0.03%
MITK	C	-0.03%
ROG	F	-0.03%
ANAB	F	-0.03%
CRGX	F	-0.03%
ITOS	F	-0.02%