IWR vs. VFMO ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$88.01

Average Daily Volume

1,187,021

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$160.05

Average Daily Volume

27,424

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	IWR	VFMO
30 Days	3.12%	2.51%
60 Days	4.86%	4.15%
90 Days	9.01%	6.74%
12 Months	28.51%	41.30%

174 Overlapping Holdings

Symbol	Grade	Weight in IWR	Weight in VFMO	Overlap
AAON	B	0.06%	0.02%	0.02%
ACGL	B	0.35%	0.16%	0.16%
AFL	A	0.52%	0.07%	0.07%
AFRM	D	0.09%	0.14%	0.09%
AGO	D	0.04%	0.35%	0.04%
AIZ	B	0.09%	0.18%	0.09%
AJG	D	0.51%	0.18%	0.18%
ALL	C	0.43%	0.21%	0.21%
ALLY	F	0.08%	0.08%	0.08%
ALSN	B	0.07%	0.34%	0.07%
AM	B	0.04%	0.09%	0.04%
AOS	B	0.09%	0.05%	0.05%
APG	F	0.07%	0.16%	0.07%
APP	C	0.28%	0.31%	0.28%
APPF	C	0.05%	0.07%	0.05%
ARES	B	0.25%	0.16%	0.16%
ATI	C	0.07%	0.11%	0.07%
AWI	B	0.05%	0.37%	0.05%
AXON	B	0.24%	0.16%	0.16%
AYI	B	0.07%	0.13%	0.07%
AZEK	C	0.06%	0.22%	0.06%
BAH	B	0.17%	0.1%	0.1%
BALL	C	0.17%	0.04%	0.04%
BLD	C	0.11%	0.14%	0.11%
BLDR	C	0.2%	0.18%	0.18%
BPOP	C	0.06%	0.3%	0.06%
BRBR	B	0.07%	0.23%	0.07%
BRO	C	0.21%	0.07%	0.07%
CACC	F	0.02%	0.15%	0.02%
CACI	B	0.09%	0.02%	0.02%
CAH	C	0.23%	0.07%	0.07%
CASY	D	0.12%	0.13%	0.12%
CBOE	C	0.19%	0.06%	0.06%
CELH	F	0.05%	0.18%	0.05%
CHRD	F	0.07%	0.03%	0.03%
CLH	C	0.11%	0.17%	0.11%
CNM	F	0.07%	0.3%	0.07%
COIN	F	0.29%	0.18%	0.18%
COKE	C	0.07%	0.1%	0.07%
CPAY	B	0.18%	0.06%	0.06%
CR	B	0.06%	0.23%	0.06%
CSL	B	0.17%	0.19%	0.17%
CVNA	B	0.16%	0.33%	0.16%
CW	B	0.11%	0.13%	0.11%
DDS	D	0.01%	0.04%	0.01%
DECK	C	0.2%	0.38%	0.2%
DHI	C	0.49%	0.29%	0.29%
DJT	F	0.01%	0.13%	0.01%
DKNG	C	0.15%	0.3%	0.15%
DKS	D	0.1%	0.2%	0.1%
DPZ	D	0.12%	0.18%	0.12%
DUOL	C	0.08%	0.08%	0.08%
DVA	B	0.07%	0.2%	0.07%
EHC	B	0.08%	0.11%	0.08%
ELAN	D	0.06%	0.08%	0.06%
ELF	F	0.05%	0.2%	0.05%
EME	B	0.17%	0.44%	0.17%
ESAB	C	0.05%	0.16%	0.05%
ESTC	F	0.05%	0.19%	0.05%
EVR	B	0.08%	0.19%	0.08%
EWBC	C	0.1%	0.2%	0.1%
EXEL	C	0.07%	0.04%	0.04%
EXP	B	0.08%	0.13%	0.08%
FANG	F	0.28%	0.37%	0.28%
FCNCA	D	0.2%	0.25%	0.2%
FHN	D	0.08%	0.22%	0.08%
FICO	B	0.39%	0.2%	0.2%
FITB	B	0.25%	0.34%	0.25%
FIX	B	0.12%	0.31%	0.12%
FNF	B	0.13%	0.05%	0.05%
FRPT	C	0.06%	0.19%	0.06%
FTI	D	0.1%	0.22%	0.1%
FYBR	C	0.08%	0.12%	0.08%
GAP	F	0.04%	0.12%	0.04%
GRMN	D	0.23%	0.09%	0.09%
GTES	C	0.03%	0.02%	0.02%
GWRE	B	0.12%	0.17%	0.12%
GWW	B	0.39%	0.17%	0.17%
HLT	B	0.47%	0.32%	0.32%
HOOD	C	0.13%	0.22%	0.13%
HRB	C	0.08%	0.11%	0.08%
HUBB	B	0.2%	0.13%	0.13%
HUBS	D	0.22%	0.12%	0.12%
IBKR	B	0.12%	0.13%	0.12%
IT	C	0.33%	0.06%	0.06%
JEF	C	0.09%	0.08%	0.08%
KD	F	0.05%	0.11%	0.05%
KEX	C	0.06%	0.02%	0.02%
KEY	C	0.14%	0.32%	0.14%
KMPR	D	0.03%	0.02%	0.02%
LDOS	A	0.18%	0.18%	0.18%
LEN	B	0.02%	0.34%	0.02%
LEN	B	0.37%	0.34%	0.34%
LEN	B	0.02%	0.04%	0.02%
LEN	B	0.37%	0.04%	0.04%
LII	C	0.17%	0.13%	0.13%
LNW	F	0.09%	0.15%	0.09%
LOPE	D	0.04%	0.03%	0.03%
LYFT	D	0.04%	0.13%	0.04%
M	F	0.04%	0.05%	0.04%
MEDP	F	0.08%	0.19%	0.08%
MPWR	B	0.36%	0.06%	0.06%
MSA	D	0.06%	0.1%	0.06%
MSTR	C	0.19%	0.24%	0.19%
MTG	B	0.06%	0.11%	0.06%
MTSI	C	0.05%	0.06%	0.05%
MUSA	D	0.08%	0.11%	0.08%
NBIX	F	0.1%	0.09%	0.09%
NEU	D	0.03%	0.09%	0.03%
NTNX	D	0.13%	0.22%	0.13%
NTRA	C	0.12%	0.17%	0.12%
NVR	B	0.23%	0.25%	0.23%
NVT	C	0.1%	0.15%	0.1%
NWSA	D	0.09%	0.03%	0.03%
OC	C	0.13%	0.15%	0.13%
OLLI	C	0.05%	0.08%	0.05%
OMF	D	0.05%	0.21%	0.05%
ONTO	C	0.08%	0.29%	0.08%
ORI	B	0.08%	0.1%	0.08%
OWL	B	0.08%	0.15%	0.08%
PAG	D	0.03%	0.04%	0.03%
PFGC	B	0.1%	0.04%	0.04%
PHM	B	0.25%	0.34%	0.25%
PINS	D	0.16%	0.07%	0.07%
PLTR	C	0.64%	0.1%	0.1%
PNR	B	0.13%	0.08%	0.08%
PPC	D	0.02%	0.21%	0.02%
PR	F	0.08%	0.17%	0.08%
PRI	B	0.08%	0.11%	0.08%
PSN	B	0.04%	0.14%	0.04%
PSTG	F	0.13%	0.07%	0.07%
PTC	C	0.18%	0.06%	0.06%
PVH	D	0.05%	0.05%	0.05%
PWR	B	0.36%	0.08%	0.08%
RCL	B	0.35%	0.28%	0.28%
RGA	C	0.12%	0.07%	0.07%
RKT	C	0.02%	0.06%	0.02%
RL	B	0.06%	0.18%	0.06%
ROST	C	0.44%	0.1%	0.1%
RS	D	0.14%	0.13%	0.13%
SAIA	D	0.1%	0.24%	0.1%
SKX	C	0.07%	0.22%	0.07%
SLM	C	0.04%	0.16%	0.04%
SMCI	F	0.19%	0.27%	0.19%
SPB	B	0.02%	0.06%	0.02%
SSD	C	0.07%	0.23%	0.07%
STLD	C	0.15%	0.2%	0.15%
THC	C	0.13%	0.12%	0.12%
TOL	A	0.13%	0.28%	0.13%
TPG	C	0.04%	0.19%	0.04%
TPX	B	0.08%	0.14%	0.08%
TREX	F	0.06%	0.12%	0.06%
TRGP	C	0.29%	0.2%	0.2%
UHAL	B	0.0%	0.03%	0.0%
UHAL	B	0.06%	0.03%	0.03%
URI	B	0.45%	0.23%	0.23%
USFD	C	0.12%	0.05%	0.05%
UWMC	D	0.01%	0.09%	0.01%
VIRT	C	0.02%	0.06%	0.02%
VKTX	D	0.06%	0.17%	0.06%
VNT	F	0.04%	0.12%	0.04%
VRT	C	0.29%	0.31%	0.29%
WAB	B	0.27%	0.23%	0.23%
WAL	B	0.08%	0.02%	0.02%
WDC	C	0.19%	0.2%	0.19%
WFRD	F	0.06%	0.3%	0.06%
WING	C	0.11%	0.39%	0.11%
WMS	D	0.09%	0.14%	0.09%
WRB	D	0.14%	0.1%	0.1%
WSM	C	0.16%	0.23%	0.16%
WSO	C	0.15%	0.09%	0.09%
WTFC	C	0.06%	0.05%	0.05%
WWD	C	0.09%	0.1%	0.09%
XPO	D	0.11%	0.25%	0.11%

IWR Overweight 630 Positions Relative to VFMO

Symbol	Grade	Weight
OKE	C	0.47%
WMB	C	0.47%
BK	B	0.46%
O	B	0.46%
SPG	B	0.46%
DLR	B	0.44%
CCI	C	0.43%
TTD	B	0.42%
FIS	C	0.41%
AMP	B	0.4%
KVUE	B	0.38%
LHX	C	0.38%
PAYX	C	0.37%
PCG	C	0.37%
PEG	B	0.37%
PRU	C	0.37%
IQV	D	0.37%
LNG	D	0.36%
GIS	B	0.36%
IDXX	D	0.36%
CMI	B	0.36%
KMI	C	0.36%
MSCI	C	0.36%
EXC	B	0.35%
CTVA	B	0.35%
FAST	C	0.35%
MCHP	D	0.35%
A	C	0.35%
IR	B	0.34%
HWM	B	0.34%
AME	C	0.34%
FERG	D	0.34%
CNC	D	0.34%
GEHC	B	0.34%
COR	F	0.33%
ODFL	D	0.33%
OTIS	B	0.33%
EFX	C	0.32%
KR	B	0.32%
VST	B	0.32%
CBRE	B	0.32%
EA	D	0.32%
HUM	F	0.32%
SYY	C	0.32%
SQ	D	0.32%
HES	F	0.32%
CTSH	B	0.32%
VRSK	D	0.32%
EXR	C	0.32%
RMD	C	0.31%
XEL	B	0.31%
DFS	C	0.31%
ED	B	0.31%
BKR	C	0.31%
DOW	C	0.31%
YUM	B	0.31%
VICI	C	0.3%
ALNY	C	0.3%
DD	B	0.3%
NUE	D	0.3%
VMC	C	0.29%
MLM	D	0.29%
IRM	C	0.29%
HPQ	C	0.29%
HIG	B	0.29%
GLW	B	0.29%
DDOG	D	0.29%
XYL	C	0.28%
EIX	B	0.28%
AVB	C	0.28%
CHTR	D	0.27%
CSGP	D	0.27%
VEEV	C	0.27%
EBAY	B	0.27%
ON	D	0.26%
MTB	C	0.26%
WEC	B	0.26%
ROK	D	0.26%
DAL	C	0.26%
CDW	D	0.26%
NDAQ	C	0.26%
AWK	C	0.25%
EQR	C	0.25%
BIIB	F	0.25%
ADM	D	0.25%
WTW	B	0.25%
PPG	C	0.25%
TSCO	B	0.25%
MTD	C	0.25%
ETR	A	0.24%
ANSS	D	0.24%
DXCM	F	0.24%
GPN	D	0.24%
CPNG	B	0.24%
HSY	D	0.24%
KEYS	B	0.23%
STT	B	0.23%
FTV	C	0.23%
VLTO	B	0.23%
VTR	C	0.22%
NTAP	D	0.22%
CHD	C	0.22%
FE	B	0.22%
FSLR	C	0.22%
TTWO	D	0.22%
DVN	F	0.22%
SBAC	C	0.22%
DTE	A	0.22%
DOV	B	0.22%
HAL	F	0.22%
IFF	A	0.22%
PPL	A	0.21%
WY	C	0.21%
BR	C	0.21%
HPE	C	0.21%
TYL	C	0.21%
LYB	D	0.21%
SW	B	0.21%
NET	D	0.21%
GDDY	C	0.2%
AEE	B	0.2%
STE	B	0.2%
RBLX	C	0.2%
ES	B	0.2%
RJF	C	0.2%
TROW	C	0.2%
COO	C	0.19%
ZBH	F	0.19%
INVH	D	0.19%
WST	D	0.19%
MOH	D	0.18%
EQT	C	0.18%
ATO	B	0.18%
CINF	C	0.18%
CMS	B	0.18%
MKC	C	0.18%
ILMN	D	0.18%
BBY	A	0.18%
ARE	C	0.18%
K	A	0.18%
RF	B	0.18%
HBAN	B	0.18%
ULTA	D	0.17%
ESS	C	0.17%
BAX	C	0.17%
MDB	D	0.17%
PFG	B	0.17%
WAT	B	0.17%
OMC	B	0.17%
SYF	C	0.17%
TDY	B	0.17%
WBD	D	0.17%
TER	C	0.17%
MKL	C	0.17%
CLX	C	0.17%
DRI	C	0.17%
TRU	B	0.17%
MAS	B	0.16%
NRG	B	0.16%
EXPE	C	0.16%
NTRS	C	0.16%
AVTR	C	0.16%
J	A	0.16%
HOLX	D	0.16%
LH	D	0.16%
ZBRA	B	0.16%
CFG	D	0.16%
DG	F	0.16%
PKG	B	0.16%
MAA	C	0.16%
CCL	C	0.16%
ALGN	D	0.16%
APTV	D	0.16%
GPC	D	0.16%
MANH	B	0.15%
AVY	C	0.15%
TSN	D	0.15%
DGX	B	0.15%
UAL	B	0.15%
BURL	C	0.15%
SUI	C	0.15%
LUV	C	0.15%
EXPD	B	0.15%
CTRA	F	0.15%
TPL	C	0.15%
FDS	C	0.15%
CNP	C	0.15%
ZM	C	0.15%
ZS	F	0.14%
IEX	C	0.14%
FWONK	C	0.14%
LPLA	D	0.14%
SSNC	C	0.14%
LYV	A	0.14%
SWK	B	0.14%
TXT	D	0.14%
PODD	C	0.14%
EG	B	0.14%
ENTG	D	0.14%
HEI	C	0.14%
IP	C	0.14%
SNA	B	0.13%
LVS	C	0.13%
CF	B	0.13%
UDR	C	0.13%
AKAM	D	0.13%
RVTY	B	0.13%
DT	C	0.13%
ENPH	D	0.13%
NI	B	0.13%
LNT	A	0.13%
VRSN	C	0.13%
KIM	C	0.13%
DOC	B	0.13%
UTHR	B	0.13%
CAG	B	0.13%
MRO	D	0.13%
RPM	B	0.13%
SWKS	F	0.13%
AMCR	B	0.13%
AMH	D	0.12%
AES	C	0.12%
WPC	C	0.12%
RNR	B	0.12%
VTRS	D	0.12%
POOL	C	0.12%
EVRG	B	0.12%
UHS	C	0.12%
ACM	B	0.12%
CE	D	0.12%
JBHT	D	0.12%
TW	B	0.12%
BG	F	0.12%
ROL	C	0.12%
L	D	0.12%
GGG	C	0.12%
TRMB	C	0.12%
GEN	A	0.12%
DLTR	F	0.12%
NDSN	C	0.12%
SJM	C	0.11%
ALLE	B	0.11%
TTEK	C	0.11%
TOST	C	0.11%
JLL	B	0.11%
EMN	B	0.11%
JBL	C	0.11%
JKHY	B	0.11%
FND	C	0.11%
JNPR	A	0.11%
EXAS	D	0.11%
BXP	C	0.11%
FFIV	B	0.11%
CPT	C	0.11%
HST	D	0.11%
EQH	C	0.11%
REG	C	0.11%
ELS	D	0.11%
BMRN	F	0.11%
GLPI	C	0.11%
RRX	C	0.1%
TXRH	B	0.1%
SCI	C	0.1%
TFX	B	0.1%
COHR	C	0.1%
SRPT	F	0.1%
HEI	C	0.1%
LAMR	B	0.1%
DOCU	C	0.1%
IPG	C	0.1%
KMX	D	0.1%
ITT	B	0.1%
CUBE	C	0.1%
OKTA	F	0.1%
CHRW	B	0.1%
TECH	C	0.1%
DOX	C	0.09%
KNSL	D	0.09%
OHI	C	0.09%
ALB	D	0.09%
LECO	D	0.09%
PNW	C	0.09%
ATR	B	0.09%
CHK	C	0.09%
INCY	C	0.09%
NLY	B	0.09%
LKQ	F	0.09%
CRL	F	0.09%
Z	C	0.09%
HII	F	0.09%
FBIN	B	0.09%
OVV	F	0.09%
BJ	D	0.09%
RPRX	C	0.09%
TWLO	C	0.09%
CTLT	B	0.09%
CCK	B	0.09%
EPAM	F	0.09%
REXR	C	0.09%
DAY	D	0.08%
INGR	B	0.08%
TTC	F	0.08%
EGP	C	0.08%
NCLH	B	0.08%
CZR	C	0.08%
GPK	C	0.08%
SNX	C	0.08%
HSIC	C	0.08%
APA	F	0.08%
HRL	F	0.08%
FOXA	B	0.08%
SF	B	0.08%
FRT	C	0.08%
MTCH	C	0.08%
BWXT	A	0.08%
LW	D	0.08%
GL	D	0.08%
RGLD	C	0.08%
MKTX	D	0.08%
CNH	C	0.08%
WTRG	D	0.08%
CHDN	D	0.08%
ROKU	D	0.08%
TAP	D	0.08%
CG	C	0.08%
TKO	A	0.08%
QRVO	F	0.08%
RIVN	F	0.08%
SOLV	D	0.08%
AFG	C	0.08%
TPR	A	0.08%
CAVA	C	0.08%
CPB	C	0.08%
OLED	D	0.08%
ARMK	B	0.08%
HAS	B	0.08%
BWA	C	0.07%
PNFP	C	0.07%
FMC	B	0.07%
BERY	B	0.07%
AGNC	B	0.07%
VOYA	B	0.07%
MTZ	C	0.07%
CMA	C	0.07%
ACI	F	0.07%
AXTA	B	0.07%
GLOB	D	0.07%
AR	C	0.07%
RGEN	F	0.07%
FCN	C	0.07%
GMED	D	0.07%
ITCI	D	0.07%
BFAM	C	0.07%
COLD	D	0.07%
WYNN	C	0.07%
KNX	C	0.07%
OGE	B	0.07%
LAD	B	0.07%
GME	D	0.07%
MOS	F	0.07%
CROX	C	0.07%
HLI	C	0.07%
SOFI	D	0.07%
WBS	C	0.07%
GNRC	D	0.07%
MHK	B	0.07%
RBC	B	0.07%
BRX	C	0.07%
CIEN	B	0.07%
WEX	C	0.07%
KBR	D	0.07%
AA	C	0.07%
MORN	C	0.07%
CHE	C	0.07%
PAYC	D	0.07%
X	F	0.07%
DCI	C	0.07%
MGM	D	0.07%
NNN	B	0.07%
UNM	B	0.07%
NYT	B	0.07%
RLI	B	0.06%
SNV	D	0.06%
RYAN	C	0.06%
STWD	B	0.06%
PB	D	0.06%
VFC	B	0.06%
MAT	D	0.06%
FAF	B	0.06%
OSK	F	0.06%
BBWI	D	0.06%
CRUS	D	0.06%
LBRDK	C	0.06%
NOV	F	0.06%
IONS	F	0.06%
S	D	0.06%
SITE	D	0.06%
CFR	C	0.06%
H	B	0.06%
JAZZ	D	0.06%
VNO	B	0.06%
RHI	D	0.06%
HR	B	0.06%
CGNX	F	0.06%
LPX	B	0.06%
G	C	0.06%
SMAR	A	0.06%
SEIC	B	0.06%
GNTX	D	0.06%
ACHC	D	0.06%
SAIC	C	0.06%
ZION	D	0.06%
ARW	B	0.06%
MTN	D	0.06%
SN	B	0.06%
BSY	C	0.06%
STAG	D	0.06%
PCTY	D	0.06%
AAL	D	0.06%
PEN	D	0.06%
LSCC	D	0.06%
RRC	D	0.06%
DINO	F	0.06%
CART	C	0.06%
PLNT	C	0.06%
FR	C	0.06%
WCC	C	0.06%
MKSI	F	0.06%
ADC	C	0.06%
BRKR	D	0.06%
WSC	D	0.06%
SWN	C	0.06%
CBSH	D	0.06%
MIDD	C	0.06%
DTM	C	0.06%
NXST	D	0.05%
THO	C	0.05%
ST	D	0.05%
RARE	C	0.05%
XRAY	D	0.05%
VVV	D	0.05%
SON	D	0.05%
COLB	B	0.05%
FOUR	C	0.05%
TKR	C	0.05%
WHR	C	0.05%
CIVI	F	0.05%
NFG	B	0.05%
CLF	F	0.05%
BILL	D	0.05%
PATH	D	0.05%
MDU	B	0.05%
AMG	C	0.05%
LAZ	B	0.05%
BC	C	0.05%
VMI	C	0.05%
POST	B	0.05%
ESI	C	0.05%
RITM	D	0.05%
SRCL	B	0.05%
DAR	F	0.05%
AGCO	D	0.05%
DBX	C	0.05%
BEN	F	0.05%
AXS	B	0.05%
SIRI	C	0.05%
GXO	D	0.05%
WH	B	0.05%
MTDR	F	0.05%
PARA	D	0.05%
GTLB	D	0.05%
LEA	D	0.05%
U	D	0.05%
R	C	0.05%
WBA	F	0.05%
INSP	D	0.05%
IVZ	B	0.05%
ETSY	D	0.05%
PCOR	D	0.05%
FLS	C	0.05%
LFUS	C	0.05%
AZPN	B	0.05%
BIO	C	0.05%
LSTR	D	0.05%
LITE	B	0.04%
DLB	D	0.04%
SLGN	B	0.04%
ASH	F	0.04%
EEFT	F	0.04%
FLO	C	0.04%
WTM	F	0.04%
PII	D	0.04%
CPRI	D	0.04%
BYD	C	0.04%
AN	C	0.04%
CUZ	C	0.04%
OZK	F	0.04%
VNOM	D	0.04%
RYN	C	0.04%
KRC	C	0.04%
HOG	C	0.04%
SEE	C	0.04%
AVT	B	0.04%
HCP	A	0.04%
AL	C	0.04%
FOX	B	0.04%
WLK	C	0.04%
W	C	0.04%
CCCS	D	0.04%
LINE	F	0.04%
LNC	C	0.04%
DOCS	B	0.04%
CFLT	F	0.04%
OGN	D	0.04%
JHG	B	0.04%
ALK	B	0.04%
HXL	F	0.04%
FNB	D	0.04%
ROIV	D	0.04%
UGI	B	0.04%
RH	C	0.04%
IDA	B	0.04%
OLN	D	0.04%
MASI	C	0.04%
FIVE	D	0.04%
THG	C	0.04%
WU	C	0.03%
CXT	F	0.03%
TNL	C	0.03%
CNXC	F	0.03%
PEGA	B	0.03%
PENN	D	0.03%
ZG	C	0.03%
WEN	C	0.03%
FHB	D	0.03%
AMED	D	0.03%
LCID	C	0.03%
NWS	D	0.03%
NWL	C	0.03%
ZI	D	0.03%
SMG	B	0.03%
NVST	D	0.03%
PK	D	0.03%
NSA	C	0.03%
LBTYK	B	0.03%
APLS	F	0.03%
DNB	D	0.03%
MPW	C	0.03%
YETI	D	0.03%
LBTYA	B	0.03%
IRDM	C	0.03%
AMKR	F	0.03%
HIW	C	0.03%
COTY	D	0.03%
MAN	C	0.03%
EPR	C	0.03%
PRGO	F	0.03%
HUN	C	0.03%
CHH	B	0.03%
BROS	D	0.03%
SPR	D	0.03%
MSM	D	0.03%
MSGS	B	0.03%
DXC	D	0.03%
GFS	F	0.03%
IAC	C	0.03%
REYN	C	0.02%
MP	C	0.02%
BIRK	F	0.02%
IPGP	D	0.02%
FTRE	F	0.02%
FIVN	F	0.02%
LLYVK	B	0.02%
PINC	D	0.02%
KSS	D	0.02%
VSTS	D	0.02%
ADT	D	0.02%
QS	F	0.02%
HAYW	C	0.02%
RCM	C	0.02%
JWN	C	0.02%
HHH	C	0.02%
ENOV	F	0.02%
TXG	D	0.02%
QDEL	D	0.02%
AAP	F	0.02%
CRI	D	0.02%
CWEN	A	0.02%
BOKF	C	0.02%
RNG	F	0.02%
SAM	D	0.02%
SHC	C	0.02%
AGR	C	0.02%
DV	F	0.02%
NCNO	F	0.02%
VAC	D	0.02%
AZTA	F	0.02%
BHF	F	0.02%
COLM	C	0.02%
ALGM	D	0.02%
CC	D	0.02%
CLVT	D	0.02%
TDC	D	0.02%
NFE	F	0.01%
TFSL	D	0.01%
LOAR	C	0.01%
SEB	D	0.01%
LLYVA	B	0.01%
AS	C	0.01%
UI	B	0.01%
WOLF	F	0.01%
LBRDA	C	0.01%
CWEN	A	0.01%
PYCR	D	0.01%
ALAB	C	0.01%
CNA	D	0.01%
SNDR	B	0.01%
CERT	F	0.01%
CAR	D	0.01%
UAA	C	0.01%
UA	C	0.01%
TRIP	F	0.01%
GO	F	0.01%
INFA	D	0.01%
FWONA	C	0.01%
LEG	D	0.01%
SEG	F	0.0%
PARAA	D	0.0%
GRAL	F	0.0%
PLTK	C	0.0%

IWR Underweight 409 Positions Relative to VFMO

Symbol	Grade	Weight
NVDA	C	-1.49%
AVGO	C	-1.34%
ANET	C	-1.31%
LLY	D	-1.29%
NFLX	B	-1.16%
META	B	-1.14%
GE	C	-1.09%
CRWD	D	-1.07%
KKR	B	-1.06%
WFC	D	-0.95%
APO	B	-0.9%
MU	D	-0.9%
PGR	C	-0.89%
ETN	C	-0.86%
CMG	D	-0.85%
C	C	-0.85%
KLAC	D	-0.82%
LRCX	D	-0.81%
UBER	C	-0.81%
AMZN	C	-0.79%
PCAR	D	-0.78%
MCK	F	-0.76%
TT	B	-0.73%
GOOG	D	-0.71%
TDG	B	-0.71%
MPC	F	-0.69%
PSX	F	-0.69%
APH	C	-0.58%
AMAT	D	-0.57%
COST	C	-0.54%
BSX	B	-0.53%
PH	B	-0.51%
AXP	B	-0.45%
SMMT	D	-0.4%
NU	C	-0.4%
SPOT	C	-0.38%
SKYW	C	-0.37%
JPM	D	-0.37%
AROC	D	-0.36%
CAT	B	-0.34%
CRM	C	-0.34%
SFM	B	-0.34%
AIG	D	-0.33%
TJX	C	-0.29%
BKNG	B	-0.29%
IBP	C	-0.29%
QCOM	D	-0.29%
GPOR	C	-0.28%
CUBI	F	-0.28%
FN	C	-0.28%
GM	C	-0.28%
BPMC	F	-0.26%
SHW	B	-0.25%
NOW	C	-0.25%
ANF	D	-0.25%
BLBD	D	-0.25%
MSFT	C	-0.24%
CRBG	C	-0.23%
INSM	D	-0.23%
SFL	D	-0.23%
LBRT	F	-0.22%
FBP	C	-0.22%
TNK	D	-0.22%
GFF	C	-0.21%
PCVX	C	-0.21%
ASPN	C	-0.21%
STC	C	-0.21%
AZZ	C	-0.21%
OSCR	D	-0.2%
REVG	D	-0.2%
SM	F	-0.2%
HLX	D	-0.2%
CYTK	F	-0.2%
IESC	B	-0.2%
LRN	B	-0.2%
VCTR	B	-0.19%
ADMA	C	-0.19%
POWL	B	-0.19%
VRTX	D	-0.19%
SCCO	C	-0.19%
NSIT	C	-0.19%
MLKN	F	-0.19%
GKOS	C	-0.19%
INSW	C	-0.19%
LMB	C	-0.18%
FULT	D	-0.18%
JXN	B	-0.18%
DHT	C	-0.18%
IBM	B	-0.18%
LBPH	D	-0.18%
BKD	D	-0.17%
CSWI	B	-0.17%
TDW	F	-0.17%
COOP	C	-0.17%
RNA	D	-0.17%
WULF	C	-0.17%
VERA	C	-0.16%
BX	C	-0.16%
LIN	B	-0.16%
MOG.A	B	-0.16%
AIT	B	-0.16%
INVA	C	-0.16%
MOD	C	-0.16%
MCY	C	-0.16%
SKWD	B	-0.16%
ATGE	C	-0.15%
TPC	C	-0.15%
CRNX	D	-0.15%
RXST	D	-0.15%
SGBX	F	-0.15%
SCHW	D	-0.15%
NAT	D	-0.15%
CARR	B	-0.15%
HQY	C	-0.15%
ASB	D	-0.15%
BCC	C	-0.15%
CADE	C	-0.15%
RVMD	C	-0.14%
NUVL	D	-0.14%
TMHC	B	-0.14%
LPG	F	-0.14%
JANX	D	-0.14%
RSI	C	-0.14%
VLO	F	-0.14%
STRL	C	-0.14%
VITL	C	-0.14%
DYN	D	-0.14%
NR	F	-0.14%
CPRT	D	-0.14%
AMR	D	-0.13%
CDRE	C	-0.13%
BGC	D	-0.13%
AVAV	C	-0.13%
ZIMV	F	-0.13%
NHC	D	-0.13%
HOV	D	-0.13%
HUMA	D	-0.13%
ROAD	C	-0.13%
CLSK	F	-0.13%
EWTX	C	-0.13%
UTI	D	-0.13%
AMRX	C	-0.13%
MHO	B	-0.13%
PTVE	D	-0.13%
HURN	C	-0.12%
FCX	C	-0.12%
BV	C	-0.12%
TNC	D	-0.12%
HCC	D	-0.12%
GIII	D	-0.12%
ARDX	D	-0.12%
LQDA	F	-0.12%
MTH	C	-0.12%
TREE	C	-0.12%
SCS	D	-0.12%
CBZ	F	-0.11%
TWST	D	-0.11%
ANNX	D	-0.11%
EYPT	F	-0.11%
AMWD	C	-0.11%
ACLX	C	-0.11%
ACIC	D	-0.11%
RYTM	C	-0.11%
ALT	F	-0.11%
KRYS	D	-0.11%
CIFR	D	-0.11%
YMAB	D	-0.11%
TDS	B	-0.11%
MATX	B	-0.11%
OFG	C	-0.11%
COLL	C	-0.11%
ANAB	D	-0.11%
BKU	D	-0.11%
HY	F	-0.11%
GNK	C	-0.11%
ENSG	D	-0.11%
HRTX	F	-0.11%
EVER	D	-0.11%
PRIM	B	-0.11%
RUSHA	C	-0.11%
CMPR	F	-0.11%
GBX	D	-0.1%
MARA	D	-0.1%
CXW	F	-0.1%
ITGR	C	-0.1%
NPO	C	-0.1%
REX	D	-0.1%
EU	D	-0.1%
NNBR	C	-0.1%
EGY	D	-0.1%
AUR	C	-0.1%
SRRK	F	-0.1%
PTGX	C	-0.1%
MTX	D	-0.1%
TARS	D	-0.1%
NRIX	D	-0.1%
GOGL	C	-0.1%
CRS	C	-0.1%
AGM	D	-0.1%
GEO	F	-0.1%
NKTX	F	-0.1%
HNI	C	-0.1%
STNG	D	-0.1%
MSGE	B	-0.09%
ORIC	C	-0.09%
DASH	B	-0.09%
SPNT	D	-0.09%
BELFB	C	-0.09%
DAWN	D	-0.09%
TMDX	C	-0.09%
GNW	C	-0.09%
EOLS	C	-0.09%
UEC	D	-0.09%
ABCB	C	-0.09%
CENX	C	-0.09%
SLVM	C	-0.09%
SHAK	C	-0.09%
PRMW	C	-0.09%
PETQ	B	-0.09%
TILE	C	-0.09%
FOR	D	-0.09%
IDYA	F	-0.09%
TK	C	-0.09%
CGEM	F	-0.09%
CECO	C	-0.09%
METC	F	-0.09%
HCI	C	-0.09%
OII	D	-0.09%
ANIP	F	-0.09%
SIGA	F	-0.08%
IMVT	F	-0.08%
KROS	C	-0.08%
SWTX	F	-0.08%
GRND	C	-0.08%
SXI	C	-0.08%
VECO	F	-0.08%
GRBK	B	-0.08%
BASE	F	-0.08%
TROX	D	-0.08%
RDNT	B	-0.08%
GERN	D	-0.08%
ACMR	D	-0.08%
MAX	C	-0.08%
BOH	D	-0.08%
PLAY	D	-0.08%
BBIO	F	-0.08%
KALV	F	-0.08%
SMTC	C	-0.08%
IOVA	F	-0.08%
KURA	D	-0.08%
FG	C	-0.08%
PRCT	C	-0.08%
AEO	D	-0.08%
MLI	B	-0.08%
SOUN	D	-0.08%
INOD	D	-0.07%
AMAL	D	-0.07%
OSW	C	-0.07%
UVV	D	-0.07%
PRDO	D	-0.07%
OCUL	D	-0.07%
RDN	D	-0.07%
DFH	C	-0.07%
LAUR	C	-0.07%
CHCO	D	-0.07%
ICFI	C	-0.07%
KTB	B	-0.07%
AGIO	D	-0.07%
WINA	C	-0.07%
PATK	C	-0.07%
HEES	D	-0.07%
WOR	F	-0.07%
ANDE	D	-0.07%
ALKT	D	-0.07%
CDE	C	-0.07%
VSEC	D	-0.07%
ALXO	F	-0.07%
HWKN	B	-0.07%
WTS	C	-0.06%
UVE	C	-0.06%
NVRI	D	-0.06%
AIR	D	-0.06%
SVRA	D	-0.06%
WEAV	C	-0.06%
BAND	D	-0.06%
UFPT	D	-0.06%
ANET	C	-0.06%
OLMA	F	-0.06%
JOE	D	-0.06%
TNDM	D	-0.06%
ACVA	C	-0.06%
SIG	C	-0.06%
MDXG	F	-0.06%
KOP	F	-0.06%
SPRY	C	-0.06%
SANA	F	-0.06%
TGI	F	-0.05%
ACT	C	-0.05%
TRMK	D	-0.05%
ALTR	C	-0.05%
PRK	D	-0.05%
WDFC	C	-0.05%
NTB	D	-0.05%
LZB	C	-0.05%
FDMT	F	-0.05%
JELD	D	-0.05%
CENT	F	-0.05%
VCEL	F	-0.05%
STEP	B	-0.05%
ARLO	D	-0.05%
PBF	F	-0.05%
FSS	D	-0.05%
CAL	F	-0.05%
ACA	B	-0.05%
AMD	C	-0.05%
TPH	C	-0.05%
CASH	D	-0.05%
CRAI	C	-0.05%
CSTL	D	-0.05%
AGYS	D	-0.05%
INTU	D	-0.05%
ZEUS	F	-0.05%
GMS	C	-0.05%
QNST	C	-0.05%
DFIN	D	-0.04%
PRM	B	-0.04%
SB	C	-0.04%
BLX	C	-0.04%
MTRN	D	-0.04%
MBI	F	-0.04%
PAR	D	-0.04%
TPB	B	-0.04%
PNTG	C	-0.04%
PI	B	-0.04%
AX	D	-0.04%
SNPS	F	-0.04%
PACK	D	-0.04%
CTS	D	-0.04%
CMRE	C	-0.04%
IBOC	D	-0.04%
INZY	D	-0.04%
DAKT	D	-0.04%
ARCT	D	-0.04%
OCGN	F	-0.04%
OSIS	C	-0.04%
HIMS	D	-0.04%
URGN	F	-0.04%
KTOS	B	-0.04%
MRSN	D	-0.04%
CRVL	B	-0.04%
SHOO	B	-0.04%
PFBC	D	-0.04%
VRNS	B	-0.04%
NMRK	B	-0.04%
CRDO	D	-0.04%
SPOK	C	-0.04%
MYRG	F	-0.03%
LYTS	C	-0.03%
TRN	C	-0.03%
GOLF	F	-0.03%
PRG	C	-0.03%
MBIN	D	-0.03%
PFSI	C	-0.03%
SCVL	C	-0.03%
EPAC	B	-0.03%
NMIH	C	-0.03%
GPI	B	-0.03%
URBN	F	-0.03%
GIC	D	-0.03%
STNE	F	-0.03%
XERS	C	-0.03%
CCS	C	-0.03%
LOB	C	-0.03%
SEMR	C	-0.03%
ARCH	D	-0.03%
MIR	C	-0.03%
CNX	B	-0.03%
CDLX	F	-0.03%
SXC	F	-0.03%
RAMP	F	-0.03%
PARR	F	-0.03%
DXPE	C	-0.03%
EAT	C	-0.03%
ROCK	D	-0.03%
THR	F	-0.03%
GSHD	C	-0.02%
IDT	C	-0.02%
CRMD	C	-0.02%
BHE	C	-0.02%
CCOI	C	-0.02%
PFC	D	-0.02%
AGX	B	-0.02%
USLM	B	-0.02%
CPF	C	-0.02%
FBK	C	-0.02%
PLMR	C	-0.02%
SPNS	D	-0.02%
ATRO	D	-0.02%
KRUS	D	-0.02%
ITRI	C	-0.02%
KALU	D	-0.02%
MITK	F	-0.02%
PAGS	F	-0.02%
WRLD	D	-0.02%
LEU	B	-0.02%
ZETA	C	-0.02%
CPS	D	-0.02%
SCSC	D	-0.02%
ASC	D	-0.02%