IWR vs. VCIT ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$81.02

Average Daily Volume

6,271,503

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VCIT
30 Days	6.87%	-0.48%
60 Days	7.84%	-2.66%
90 Days	9.96%	-1.47%
12 Months	34.02%	8.62%

274 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in VCIT	Overlap
	A	D	0.31%	0.02%	0.02%
	AAL	B	0.08%	0.01%	0.01%
	AAP	C	0.02%	0.01%	0.01%
	ACGL	D	0.3%	0.03%	0.03%
	ADC	B	0.06%	0.01%	0.01%
	ADM	D	0.21%	0.05%	0.05%
	AEE	A	0.2%	0.01%	0.01%
	AES	F	0.08%	0.02%	0.02%
	AFG	A	0.08%	0.02%	0.02%
	AFL	B	0.51%	0.01%	0.01%
	AGO	B	0.04%	0.03%	0.03%
	AGR	B	0.02%	0.04%	0.02%
	AIZ	A	0.09%	0.02%	0.02%
	AL	B	0.04%	0.01%	0.01%
	ALL	A	0.43%	0.02%	0.02%
	ALLE	D	0.1%	0.02%	0.02%
	AMCR	D	0.12%	0.01%	0.01%
	AMG	B	0.05%	0.04%	0.04%
	AMH	D	0.1%	0.02%	0.02%
	AN	C	0.03%	0.02%	0.02%
	APTV	D	0.12%	0.01%	0.01%
	ARE	D	0.15%	0.01%	0.01%
	ARW	D	0.05%	0.03%	0.03%
	ATO	A	0.18%	0.02%	0.02%
	AVB	B	0.27%	0.02%	0.02%
	AVT	C	0.04%	0.02%	0.02%
	AVY	D	0.13%	0.02%	0.02%
	AWK	D	0.22%	0.02%	0.02%
	AXS	A	0.06%	0.01%	0.01%
	AYI	B	0.08%	0.03%	0.03%
	BAX	D	0.13%	0.02%	0.02%
	BBY	D	0.16%	0.02%	0.02%
	BC	C	0.04%	0.03%	0.03%
	BEN	C	0.05%	0.04%	0.04%
	BERY	B	0.06%	0.03%	0.03%
	BG	F	0.1%	0.03%	0.03%
	BHF	B	0.03%	0.05%	0.03%
	BIIB	F	0.19%	0.07%	0.07%
	BK	A	0.48%	0.01%	0.01%
	BR	A	0.22%	0.04%	0.04%
	BRO	B	0.22%	0.02%	0.02%
	BRX	A	0.07%	0.01%	0.01%
	BWA	D	0.06%	0.01%	0.01%
	BXP	D	0.1%	0.02%	0.02%
	CAG	D	0.1%	0.01%	0.01%
	CAH	B	0.24%	0.05%	0.05%
	CBOE	B	0.17%	0.02%	0.02%
	CCI	D	0.37%	0.03%	0.03%
	CE	F	0.07%	0.02%	0.02%
	CFG	B	0.17%	0.03%	0.03%
	CHD	B	0.22%	0.02%	0.02%
	CHH	A	0.03%	0.01%	0.01%
	CHRW	C	0.11%	0.03%	0.03%
	CHTR	C	0.3%	0.06%	0.06%
	CINF	A	0.19%	0.02%	0.02%
	CLX	B	0.17%	0.01%	0.01%
	CMA	A	0.07%	0.03%	0.03%
	CMI	A	0.41%	0.04%	0.04%
	CMS	C	0.17%	0.02%	0.02%
	CNA	B	0.01%	0.01%	0.01%
	CNH	C	0.08%	0.04%	0.04%
	CNP	B	0.16%	0.02%	0.02%
	CPB	D	0.07%	0.03%	0.03%
	CPT	B	0.1%	0.02%	0.02%
	CSL	C	0.17%	0.03%	0.03%
	CTVA	C	0.32%	0.02%	0.02%
	CUBE	D	0.09%	0.01%	0.01%
	DAL	C	0.34%	0.03%	0.03%
	DD	D	0.28%	0.1%	0.1%
	DFS	B	0.36%	0.01%	0.01%
	DG	F	0.14%	0.03%	0.03%
	DGX	A	0.15%	0.01%	0.01%
	DHI	D	0.39%	0.02%	0.02%
	DLR	B	0.48%	0.03%	0.03%
	DLTR	F	0.11%	0.07%	0.07%
	DOC	D	0.12%	0.01%	0.01%
	DOV	A	0.23%	0.02%	0.02%
	DOW	F	0.26%	0.01%	0.01%
	DOX	D	0.08%	0.03%	0.03%
	DRI	B	0.16%	0.02%	0.02%
	DT	C	0.13%	0.28%	0.13%
	DTE	C	0.2%	0.01%	0.01%
	DVN	F	0.2%	0.01%	0.01%
	DXC	B	0.03%	0.03%	0.03%
	EA	A	0.36%	0.04%	0.04%
	EBAY	D	0.26%	0.04%	0.04%
	ED	D	0.28%	0.01%	0.01%
	EFX	F	0.25%	0.03%	0.03%
	EIX	B	0.26%	0.01%	0.01%
	EMN	D	0.1%	0.03%	0.03%
	EPR	D	0.03%	0.02%	0.02%
	EQH	B	0.12%	0.01%	0.01%
	EQR	B	0.23%	0.02%	0.02%
	ES	D	0.18%	0.01%	0.01%
	ESS	B	0.16%	0.01%	0.01%
	ETR	B	0.26%	0.01%	0.01%
	EVRG	A	0.12%	0.01%	0.01%
	EXC	C	0.32%	0.01%	0.01%
	EXP	A	0.08%	0.04%	0.04%
	EXPE	B	0.19%	0.05%	0.05%
	EXR	D	0.28%	0.02%	0.02%
	FAF	A	0.05%	0.03%	0.03%
	FANG	D	0.27%	0.04%	0.04%
	FHN	A	0.09%	0.03%	0.03%
	FIS	C	0.41%	0.03%	0.03%
	FITB	A	0.26%	0.03%	0.03%
	FLO	D	0.03%	0.01%	0.01%
	FLS	B	0.06%	0.03%	0.03%
	FMC	D	0.06%	0.03%	0.03%
	FNF	B	0.13%	0.02%	0.02%
	FOXA	B	0.09%	0.03%	0.03%
	FRT	B	0.08%	0.02%	0.02%
	GIS	D	0.29%	0.04%	0.04%
	GL	B	0.08%	0.02%	0.02%
	GLPI	C	0.11%	0.03%	0.03%
	GPC	D	0.14%	0.02%	0.02%
	GPN	B	0.24%	0.02%	0.02%
	GXO	B	0.06%	0.02%	0.02%
	H	B	0.06%	0.02%	0.02%
	HAL	C	0.22%	0.06%	0.06%
	HAS	D	0.07%	0.01%	0.01%
	HBAN	A	0.21%	0.02%	0.02%
	HES	B	0.33%	0.02%	0.02%
	HIG	B	0.28%	0.03%	0.03%
	HII	D	0.06%	0.01%	0.01%
	HIW	D	0.03%	0.01%	0.01%
	HPQ	B	0.3%	0.04%	0.04%
	HR	C	0.05%	0.02%	0.02%
	HRB	D	0.07%	0.03%	0.03%
	HRL	D	0.07%	0.01%	0.01%
	HST	C	0.1%	0.03%	0.03%
	HSY	F	0.21%	0.01%	0.01%
	HUBB	B	0.19%	0.01%	0.01%
	HUM	C	0.27%	0.01%	0.01%
	HUN	F	0.03%	0.02%	0.02%
	IEX	B	0.14%	0.05%	0.05%
	IFF	D	0.18%	0.02%	0.02%
	ILMN	D	0.18%	0.03%	0.03%
	INGR	B	0.08%	0.03%	0.03%
	INVH	D	0.17%	0.04%	0.04%
	IPG	D	0.08%	0.02%	0.02%
	JBL	B	0.12%	0.03%	0.03%
	JEF	A	0.11%	0.02%	0.02%
	JNPR	F	0.1%	0.03%	0.03%
	K	A	0.17%	0.02%	0.02%
	KEX	C	0.06%	0.03%	0.03%
	KEY	B	0.15%	0.02%	0.02%
	KEYS	A	0.21%	0.03%	0.03%
	KIM	A	0.14%	0.02%	0.02%
	KMI	A	0.44%	0.01%	0.01%
	KMPR	B	0.04%	0.01%	0.01%
	KR	B	0.32%	0.01%	0.01%
	KRC	C	0.04%	0.02%	0.02%
	KSS	F	0.02%	0.03%	0.02%
	L	A	0.12%	0.04%	0.04%
	LAZ	B	0.05%	0.02%	0.02%
	LDOS	C	0.18%	0.05%	0.05%
	LEA	D	0.04%	0.02%	0.02%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LEN	D	0.33%	0.01%	0.01%
	LH	C	0.16%	0.01%	0.01%
	LHX	C	0.38%	0.01%	0.01%
	LII	A	0.16%	0.02%	0.02%
	LNC	B	0.04%	0.02%	0.02%
	LNT	A	0.13%	0.01%	0.01%
	LUV	C	0.16%	0.01%	0.01%
	LVS	C	0.14%	0.04%	0.04%
	LYB	F	0.18%	0.03%	0.03%
	MAA	B	0.15%	0.01%	0.01%
	MAS	D	0.14%	0.02%	0.02%
	MHK	D	0.06%	0.02%	0.02%
	MKC	D	0.15%	0.01%	0.01%
	MKL	A	0.18%	0.01%	0.01%
	MLM	B	0.29%	0.01%	0.01%
	MOS	F	0.07%	0.04%	0.04%
	MRO	B	0.13%	0.05%	0.05%
	MTB	A	0.29%	0.04%	0.04%
	NDAQ	A	0.27%	0.03%	0.03%
	NEU	C	0.03%	0.01%	0.01%
	NFG	A	0.05%	0.01%	0.01%
	NI	A	0.14%	0.03%	0.03%
	NNN	D	0.06%	0.01%	0.01%
	NOV	C	0.05%	0.02%	0.02%
	NTAP	C	0.2%	0.03%	0.03%
	NTRS	A	0.18%	0.02%	0.02%
	NUE	C	0.29%	0.02%	0.02%
	NVR	D	0.21%	0.05%	0.05%
	NVT	B	0.1%	0.02%	0.02%
	O	D	0.41%	0.03%	0.03%
	OC	A	0.14%	0.02%	0.02%
	OGE	B	0.07%	0.01%	0.01%
	OHI	C	0.08%	0.01%	0.01%
	OKE	A	0.53%	0.01%	0.01%
	OMC	C	0.15%	0.03%	0.03%
	OSK	B	0.06%	0.02%	0.02%
	OTIS	C	0.33%	0.04%	0.04%
	PCG	A	0.37%	0.01%	0.01%
	PEG	A	0.37%	0.01%	0.01%
	PFG	D	0.16%	0.02%	0.02%
	PHM	D	0.22%	0.03%	0.03%
	PKG	A	0.17%	0.02%	0.02%
	PNR	A	0.14%	0.01%	0.01%
	PNW	B	0.09%	0.01%	0.01%
	PPG	F	0.24%	0.02%	0.02%
	PRU	A	0.38%	0.02%	0.02%
	PWR	A	0.39%	0.05%	0.05%
	QRVO	F	0.05%	0.05%	0.05%
	R	B	0.06%	0.02%	0.02%
	REG	B	0.11%	0.02%	0.02%
	REXR	F	0.07%	0.01%	0.01%
	RF	A	0.2%	0.03%	0.03%
	RGA	A	0.13%	0.03%	0.03%
	RJF	A	0.25%	0.07%	0.07%
	RL	B	0.07%	0.03%	0.03%
	RNR	C	0.11%	0.01%	0.01%
	ROK	B	0.27%	0.01%	0.01%
	ROST	C	0.38%	0.02%	0.02%
	RPM	A	0.14%	0.03%	0.03%
	RPRX	D	0.08%	0.02%	0.02%
	RS	B	0.15%	0.02%	0.02%
	RYN	D	0.04%	0.02%	0.02%
	SF	B	0.09%	0.02%	0.02%
	SJM	D	0.09%	0.03%	0.03%
	SNA	A	0.15%	0.01%	0.01%
	SNX	C	0.07%	0.03%	0.03%
	SON	D	0.04%	0.03%	0.03%
	SPG	B	0.48%	0.01%	0.01%
	STE	F	0.18%	0.05%	0.05%
	STLD	B	0.17%	0.02%	0.02%
	STT	A	0.24%	0.01%	0.01%
	SUI	D	0.13%	0.01%	0.01%
	SWK	D	0.11%	0.03%	0.03%
	SWKS	F	0.11%	0.03%	0.03%
	SYF	B	0.21%	0.03%	0.03%
	SYY	B	0.31%	0.05%	0.05%
	TDY	B	0.18%	0.03%	0.03%
	THG	A	0.05%	0.01%	0.01%
	TKR	D	0.04%	0.02%	0.02%
	TRMB	B	0.14%	0.03%	0.03%
	TSCO	D	0.24%	0.03%	0.03%
	TSN	B	0.15%	0.06%	0.06%
	TXT	D	0.13%	0.01%	0.01%
	UAL	A	0.25%	0.01%	0.01%
	UDR	B	0.12%	0.01%	0.01%
	UHS	D	0.1%	0.04%	0.04%
	UNM	A	0.1%	0.02%	0.02%
	URI	B	0.46%	0.04%	0.04%
	VFC	C	0.06%	0.03%	0.03%
	VMC	B	0.3%	0.02%	0.02%
	VNO	B	0.06%	0.02%	0.02%
	VNT	B	0.05%	0.03%	0.03%
	VOYA	B	0.07%	0.02%	0.02%
	VRSK	A	0.33%	0.06%	0.06%
	VRSN	F	0.13%	0.04%	0.04%
	VTR	C	0.21%	0.02%	0.02%
	VTRS	A	0.13%	0.04%	0.04%
	WAB	B	0.28%	0.04%	0.04%
	WBA	F	0.05%	0.02%	0.02%
	WBS	A	0.09%	0.02%	0.02%
	WEC	A	0.26%	0.01%	0.01%
	WHR	B	0.05%	0.01%	0.01%
	WLK	D	0.03%	0.01%	0.01%
	WMB	A	0.57%	0.01%	0.01%
	WPC	D	0.1%	0.02%	0.02%
	WTFC	A	0.07%	0.01%	0.01%
	WTRG	B	0.08%	0.03%	0.03%
	WU	D	0.02%	0.02%	0.02%
	WY	D	0.19%	0.01%	0.01%
	XEL	A	0.32%	0.01%	0.01%
	XRAY	F	0.03%	0.04%	0.03%
	XYL	D	0.24%	0.02%	0.02%
	ZBH	C	0.19%	0.05%	0.05%
	ZION	B	0.07%	0.03%	0.03%

IWR Overweight 529 Positions Relative to VCIT

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	AJG	B	0.52%
	COIN	C	0.5%
	HLT	A	0.5%
	AMP	A	0.46%
	RCL	A	0.45%
	MSTR	C	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	GWW	B	0.42%
	LNG	B	0.4%
	VST	B	0.4%
	FAST	B	0.39%
	SQ	B	0.39%
	MSCI	C	0.38%
	KVUE	A	0.38%
	PAYX	C	0.38%
	AME	A	0.37%
	HWM	A	0.37%
	VRT	B	0.36%
	ODFL	B	0.35%
	BKR	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	IR	B	0.34%
	CBRE	B	0.33%
	COR	B	0.33%
	FERG	B	0.33%
	CTSH	B	0.32%
	IT	C	0.32%
	GEHC	F	0.31%
	YUM	B	0.31%
	DDOG	A	0.31%
	IDXX	F	0.29%
	IQV	D	0.29%
	GLW	B	0.29%
	IRM	D	0.28%
	RMD	C	0.28%
	GRMN	B	0.27%
	VICI	C	0.27%
	HUBS	A	0.27%
	MCHP	D	0.27%
	VEEV	C	0.26%
	WTW	B	0.26%
	CNC	D	0.25%
	DXCM	D	0.25%
	ARES	A	0.25%
	TTWO	A	0.25%
	CSGP	D	0.24%
	ANSS	B	0.24%
	ALNY	D	0.24%
	HPE	B	0.23%
	ON	D	0.23%
	CPNG	D	0.23%
	FCNCA	A	0.22%
	FTV	C	0.22%
	SW	A	0.22%
	DECK	A	0.22%
	NET	B	0.22%
	MPWR	F	0.22%
	PPL	B	0.21%
	MTD	D	0.21%
	EQT	B	0.21%
	TYL	B	0.21%
	VLTO	D	0.21%
	TPL	A	0.21%
	GDDY	A	0.21%
	RBLX	C	0.21%
	TROW	B	0.21%
	CVNA	B	0.21%
	SBAC	D	0.2%
	CDW	F	0.2%
	FE	C	0.2%
	CCL	B	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WST	C	0.19%
	EME	C	0.19%
	LPLA	A	0.19%
	ZM	B	0.18%
	HOOD	B	0.18%
	EXE	B	0.18%
	WBD	C	0.18%
	FSLR	F	0.17%
	LYV	A	0.17%
	WDC	D	0.17%
	WAT	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	IBKR	A	0.16%
	NRG	B	0.16%
	BAH	F	0.16%
	COO	D	0.16%
	ZBRA	B	0.16%
	MDB	C	0.16%
	IP	B	0.16%
	WRB	A	0.15%
	HOLX	D	0.15%
	WSO	A	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	PODD	C	0.15%
	FDS	B	0.15%
	ZS	C	0.15%
	TRU	D	0.15%
	BALL	D	0.15%
	TWLO	A	0.14%
	NTRA	B	0.14%
	WSM	B	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	NTNX	A	0.14%
	EXPD	D	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	J	F	0.14%
	ULTA	F	0.14%
	TOL	B	0.13%
	FIX	A	0.13%
	GWRE	A	0.13%
	SSNC	B	0.13%
	UTHR	C	0.13%
	CF	B	0.13%
	EG	C	0.13%
	TER	D	0.13%
	DOCU	A	0.13%
	GEN	B	0.13%
	ROL	B	0.12%
	SOFI	A	0.12%
	AVTR	F	0.12%
	EWBC	A	0.12%
	NDSN	B	0.12%
	ACM	A	0.12%
	ENTG	D	0.12%
	USFD	A	0.12%
	THC	D	0.12%
	PSTG	D	0.12%
	CASY	A	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	TW	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	AFRM	B	0.11%
	EPAM	C	0.11%
	ELS	C	0.11%
	TPR	B	0.11%
	AKAM	D	0.11%
	TXRH	C	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%
	NBIX	C	0.1%
	OKTA	C	0.1%
	HEI	B	0.1%
	BMRN	D	0.1%
	SCI	B	0.1%
	FTI	A	0.1%
	INCY	C	0.1%
	ALB	C	0.1%
	KMX	B	0.1%
	JLL	D	0.1%
	ITT	A	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	CLH	B	0.1%
	PRI	A	0.09%
	CACI	D	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%
	LAMR	D	0.09%
	TAP	C	0.09%
	BLD	D	0.09%
	ATR	B	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	AA	B	0.09%
	DKS	C	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%
	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%
	WYNN	D	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%
	CRL	C	0.08%
	CIEN	B	0.08%
	MKTX	D	0.08%
	PR	B	0.08%
	HLI	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%
	ALLY	C	0.08%
	EXEL	B	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	LAD	A	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MTCH	D	0.07%
	MEDP	D	0.07%
	RRC	B	0.07%
	ACI	C	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	SNV	B	0.07%
	APG	B	0.07%
	DVA	B	0.07%
	APA	D	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	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%
	CBSH	A	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	BILL	A	0.07%
	AOS	F	0.07%
	MGM	D	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	A	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	AWI	A	0.06%
	MTN	C	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	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%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	RGEN	D	0.06%
	GNTX	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%
	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%
	WH	B	0.06%
	SMAR	A	0.06%
	RHI	B	0.06%
	JAZZ	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	ONTO	D	0.06%
	KBR	F	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%
	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%
	LFUS	F	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	UHAL	D	0.05%
	BIO	D	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%
	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%
	STAG	F	0.05%
	LYFT	C	0.05%
	AZEK	A	0.05%
	DINO	D	0.05%
	AZPN	A	0.05%
	M	D	0.04%
	GAP	C	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%
	LOPE	B	0.04%
	RH	B	0.04%
	FIVE	F	0.04%
	ST	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	BYD	C	0.04%
	NXST	C	0.04%
	INSP	D	0.04%
	UGI	A	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%
	CLF	F	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	CRUS	D	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	SMG	D	0.03%
	PENN	C	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	YETI	C	0.03%
	NCNO	B	0.03%
	IRDM	D	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%
	TNL	A	0.03%
	NWS	B	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	MDU	D	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%
	RARE	D	0.03%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	DLB	B	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%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	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%
	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%
	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%
	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%
	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%
	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 215 Positions Relative to VCIT

	Symbol	Grade	Weight
	MSFT	F	-0.23%
	WIT	A	-0.15%
	ABBV	D	-0.13%
	AXP	A	-0.11%
	AMZN	C	-0.09%
	TMUS	B	-0.09%
	NOW	A	-0.07%
	MET	A	-0.07%
	DB	D	-0.07%
	CRM	B	-0.07%
	COST	B	-0.07%
	BABA	D	-0.07%
	REGN	F	-0.06%
	KOF	F	-0.06%
	NVDA	C	-0.06%
	MRK	F	-0.06%
	BMO	A	-0.05%
	ARCC	A	-0.05%
	SLB	C	-0.05%
	EOG	A	-0.05%
	CTAS	B	-0.05%
	TD	F	-0.05%
	NEM	D	-0.05%
	ADBE	C	-0.05%
	PH	A	-0.05%
	AZN	D	-0.05%
	PYPL	B	-0.05%
	HCA	F	-0.05%
	INTC	D	-0.05%
	NWG	C	-0.05%
	QCOM	F	-0.05%
	T	A	-0.05%
	GS	A	-0.05%
	PSX	C	-0.04%
	DHR	F	-0.04%
	ITW	B	-0.04%
	KLAC	D	-0.04%
	LMT	D	-0.04%
	MPC	D	-0.04%
	ADI	D	-0.04%
	PAA	B	-0.04%
	LRCX	F	-0.04%
	ADP	B	-0.04%
	AER	B	-0.04%
	AMAT	F	-0.04%
	BLK	C	-0.04%
	MPLX	A	-0.04%
	PG	A	-0.04%
	NKE	D	-0.04%
	ET	A	-0.04%
	MMC	B	-0.04%
	GOOGL	C	-0.04%
	GSK	F	-0.04%
	DELL	C	-0.04%
	CARR	D	-0.04%
	GE	D	-0.04%
	VOD	F	-0.04%
	VZ	C	-0.04%
	LLY	F	-0.03%
	MRVL	B	-0.03%
	ADSK	A	-0.03%
	BNS	A	-0.03%
	SBRA	C	-0.03%
	LIN	D	-0.03%
	HP	B	-0.03%
	JD	D	-0.03%
	EW	C	-0.03%
	ETN	A	-0.03%
	CNO	A	-0.03%
	CME	A	-0.03%
	AAT	B	-0.03%
	BDN	C	-0.03%
	TEL	B	-0.03%
	WB	D	-0.03%
	SCS	C	-0.03%
	TT	A	-0.03%
	AZO	C	-0.03%
	VLO	C	-0.03%
	MU	D	-0.03%
	ICE	C	-0.03%
	FLEX	A	-0.03%
	TMO	F	-0.03%
	UPS	C	-0.03%
	NXPI	D	-0.03%
	SRE	A	-0.03%
	V	A	-0.03%
	MA	C	-0.03%
	HD	A	-0.03%
	AMT	D	-0.03%
	ROP	B	-0.03%
	BKNG	A	-0.03%
	EPD	A	-0.03%
	COF	B	-0.03%
	BDX	F	-0.03%
	MUFG	B	-0.03%
	DIS	B	-0.03%
	PFE	D	-0.03%
	KDP	D	-0.03%
	BMY	B	-0.03%
	BA	F	-0.03%
	TME	D	-0.02%
	SKT	B	-0.02%
	SITC	D	-0.02%
	SAFE	D	-0.02%
	BKU	A	-0.02%
	EPRT	B	-0.02%
	FTNT	C	-0.02%
	NHI	D	-0.02%
	DSS	F	-0.02%
	FSK	A	-0.02%
	MDT	D	-0.02%
	MCY	A	-0.02%
	PDM	D	-0.02%
	PRE	D	-0.02%
	MCO	B	-0.02%
	INTU	C	-0.02%
	JCI	C	-0.02%
	SPGI	C	-0.02%
	EL	F	-0.02%
	TXN	C	-0.02%
	ZTS	D	-0.02%
	CP	D	-0.02%
	BIDU	F	-0.02%
	PM	B	-0.02%
	MMM	D	-0.02%
	KMB	D	-0.02%
	ESGR	B	-0.02%
	EQIX	A	-0.02%
	FDX	B	-0.02%
	APD	A	-0.02%
	CAT	B	-0.02%
	SYK	C	-0.02%
	MSI	B	-0.02%
	CSX	B	-0.02%
	APH	A	-0.02%
	TGT	F	-0.02%
	UNP	C	-0.02%
	SO	D	-0.02%
	PEP	F	-0.02%
	GM	B	-0.02%
	TFC	A	-0.02%
	STZ	D	-0.02%
	SHW	A	-0.02%
	SBUX	A	-0.02%
	NOC	D	-0.02%
	MDLZ	F	-0.02%
	ABT	B	-0.02%
	AIG	B	-0.02%
	MO	A	-0.02%
	CVS	D	-0.02%
	ORCL	B	-0.02%
	CI	F	-0.02%
	CMCSA	B	-0.02%
	C	A	-0.02%
	GBDC	C	-0.01%
	SAVE	D	-0.01%
	OCSL	F	-0.01%
	GOOG	C	-0.01%
	PSEC	D	-0.01%
	OGS	A	-0.01%
	KRG	B	-0.01%
	CBT	C	-0.01%
	KMT	B	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	NSC	B	-0.01%
	HPP	F	-0.01%
	BKH	A	-0.01%
	SWX	B	-0.01%
	PSA	D	-0.01%
	GP	F	-0.01%
	PGR	A	-0.01%
	TJX	A	-0.01%
	EMR	A	-0.01%
	ORLY	B	-0.01%
	AEP	D	-0.01%
	RSG	A	-0.01%
	WELL	A	-0.01%
	DE	A	-0.01%
	GD	F	-0.01%
	WM	A	-0.01%
	PLD	D	-0.01%
	CB	C	-0.01%
	USB	A	-0.01%
	AON	A	-0.01%
	ECL	D	-0.01%
	D	C	-0.01%
	CVX	A	-0.01%
	DUK	C	-0.01%
	WEST	C	-0.01%
	KO	D	-0.01%
	BSX	B	-0.01%
	SCHW	B	-0.01%
	MAR	B	-0.01%
	MCD	D	-0.01%
	JNJ	D	-0.01%
	GILD	C	-0.01%
	AMGN	D	-0.01%
	LOW	D	-0.01%
	PNC	B	-0.01%
	HON	B	-0.01%
	COP	C	-0.01%
	UNH	C	-0.01%
	XOM	B	-0.01%
	NEE	D	-0.01%
	AAPL	C	-0.01%
	IBM	C	-0.01%
	WMT	A	-0.01%
	MS	A	-0.01%
	WFC	A	-0.01%
	RTX	C	-0.01%
	HSBC	B	-0.01%
	JPM	A	-0.01%
	AVGO	D	-0.01%
	BAC	A	-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

VCIT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Diversified Industrials REIT - Retail Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Banks - Global Packaged Foods REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life REIT - Residential Capital Markets Aerospace & Defense Diagnostics & Research

Keywords: S&P 500 Nasdaq 100 Natural Gas Real Estate Investment Trust Insurance Bank Dow Jones Component Electricity Banking Insurance Products Electronics Computing Aerospace Chemical Investment Bank Mining Plastic Financial Products Beverage Commercial Banking