RFLR vs. FTEC ETF Comparison

Comparison of Innovator U.S. Small Cap Power Buffer ETF - September Innovator U.S. Small Cap Managed Floor ETF (RFLR) to Fidelity MSCI Information Technology Index ETF (FTEC)

RFLR

Innovator U.S. Small Cap Power Buffer ETF - September Innovator U.S. Small Cap Managed Floor ETF

RFLR Description

The fund will invest at least 80% of its net assets (including borrowings for investment purposes) in equity securities of U.S. small capitalization companies and option contracts that give economic exposure to equity securities of U.S. small capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.05

Average Daily Volume

5,850

Number of Holdings ^*

1095

* may have additional holdings in another (foreign) market

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.90

Average Daily Volume

212,411

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	RFLR	FTEC
30 Days	6.07%	4.14%
60 Days	6.53%	7.90%
90 Days		7.31%
12 Months		36.13%

122 Overlapping Holdings

Symbol	Grade	Weight in RFLR	Weight in FTEC	Overlap
AAOI	B	0.06%	0.02%	0.02%
ACIW	B	0.16%	0.1%	0.1%
ACMR	F	0.02%	0.02%	0.02%
AEIS	B	0.22%	0.09%	0.09%
AGYS	A	0.12%	0.07%	0.07%
AI	B	0.14%	0.07%	0.07%
ALKT	B	0.03%	0.05%	0.03%
ALRM	C	0.1%	0.07%	0.07%
ALTR	B	0.24%	0.11%	0.11%
AMBA	B	0.11%	0.05%	0.05%
ANET	C	0.05%	0.66%	0.05%
AOSL	C	0.04%	0.02%	0.02%
APLD	A	0.04%	0.02%	0.02%
APPF	B	0.27%	0.09%	0.09%
APPN	B	0.08%	0.03%	0.03%
ARLO	C	0.05%	0.03%	0.03%
ASAN	C	0.05%	0.03%	0.03%
ATEN	B	0.05%	0.03%	0.03%
AUR	C	0.19%	0.1%	0.1%
AVT	C	0.19%	0.09%	0.09%
BASE	C	0.03%	0.02%	0.02%
BDC	B	0.22%	0.1%	0.1%
BELFB	D	0.02%	0.02%	0.02%
BHE	B	0.11%	0.04%	0.04%
BIGC	C	0.03%	0.01%	0.01%
BL	B	0.14%	0.07%	0.07%
BLKB	B	0.15%	0.08%	0.08%
BLND	B	0.04%	0.02%	0.02%
BMI	B	0.1%	0.1%	0.1%
BOX	B	0.24%	0.1%	0.1%
CALX	D	0.11%	0.04%	0.04%
CEVA	B	0.02%	0.02%	0.02%
CIFR	B	0.05%	0.03%	0.03%
CLFD	D	0.02%	0.01%	0.01%
CLSK	C	0.14%	0.08%	0.08%
CNXN	C	0.04%	0.02%	0.02%
COHU	C	0.04%	0.03%	0.03%
CTS	C	0.05%	0.04%	0.04%
CWAN	B	0.18%	0.1%	0.1%
CXM	C	0.05%	0.02%	0.02%
CXT	B	0.09%	0.06%	0.06%
DAKT	B	0.03%	0.01%	0.01%
DGII	B	0.04%	0.03%	0.03%
DIOD	D	0.12%	0.06%	0.06%
DOCN	D	0.1%	0.05%	0.05%
DV	C	0.11%	0.07%	0.07%
ENV	B	0.09%	0.03%	0.03%
FIVN	C	0.15%	0.07%	0.07%
FORM	D	0.08%	0.07%	0.07%
FROG	C	0.13%	0.07%	0.07%
FRSH	C	0.12%	0.07%	0.07%
FSLY	D	0.05%	0.02%	0.02%
GDYN	B	0.04%	0.02%	0.02%
HCP	B	0.21%	0.09%	0.09%
HLIT	D	0.06%	0.03%	0.03%
IBUY	A	0.04%	0.02%	0.02%
IDCC	B	0.18%	0.11%	0.11%
INDI	C	0.07%	0.02%	0.02%
INTA	A	0.16%	0.07%	0.07%
IPGP	D	0.09%	0.05%	0.05%
ITRI	B	0.15%	0.1%	0.1%
JAMF	F	0.04%	0.02%	0.02%
KD	B	0.28%	0.11%	0.11%
KE	C	0.04%	0.01%	0.01%
KLIC	B	0.18%	0.06%	0.06%
KN	B	0.1%	0.04%	0.04%
LITE	B	0.16%	0.12%	0.12%
LWLG	F	0.03%	0.01%	0.01%
MARA	C	0.25%	0.11%	0.11%
MEI	D	0.03%	0.01%	0.01%
MIR	A	0.13%	0.07%	0.07%
MITK	C	0.03%	0.01%	0.01%
MLNK	B	0.04%	0.01%	0.01%
MXL	C	0.03%	0.03%	0.03%
NABL	F	0.04%	0.02%	0.02%
NCNO	B	0.15%	0.08%	0.08%
NNBR	C	0.03%	0.01%	0.01%
NSSC	D	0.08%	0.03%	0.03%
NTCT	C	0.05%	0.04%	0.04%
OLO	B	0.05%	0.02%	0.02%
PAR	B	0.09%	0.06%	0.06%
PD	C	0.09%	0.04%	0.04%
PDFS	C	0.03%	0.02%	0.02%
PEGA	A	0.15%	0.09%	0.09%
PI	D	0.09%	0.09%	0.09%
PLAB	C	0.08%	0.04%	0.04%
PLUS	F	0.12%	0.05%	0.05%
PLXS	B	0.17%	0.1%	0.1%
PRGS	A	0.12%	0.07%	0.07%
PRO	C	0.04%	0.02%	0.02%
QTWO	A	0.25%	0.12%	0.12%
RAMP	C	0.09%	0.04%	0.04%
RBBN	C	0.04%	0.01%	0.01%
RBRK	A	0.04%	0.05%	0.04%
RIOT	C	0.15%	0.08%	0.08%
RNG	B	0.12%	0.06%	0.06%
ROG	D	0.08%	0.04%	0.04%
RPD	C	0.12%	0.06%	0.06%
SANM	B	0.18%	0.09%	0.09%
SCSC	B	0.05%	0.03%	0.03%
SEMR	B	0.06%	0.01%	0.01%
SITM	B	0.16%	0.09%	0.09%
SLAB	D	0.15%	0.08%	0.08%
SMTC	B	0.14%	0.07%	0.07%
SOUN	C	0.08%	0.04%	0.04%
SPT	C	0.09%	0.03%	0.03%
SYNA	C	0.16%	0.07%	0.07%
TDC	D	0.11%	0.07%	0.07%
TTMI	B	0.11%	0.06%	0.06%
UCTT	D	0.06%	0.04%	0.04%
VERX	B	0.09%	0.06%	0.06%
VIAV	B	0.1%	0.05%	0.05%
VSH	D	0.11%	0.04%	0.04%
WEAV	B	0.03%	0.01%	0.01%
WK	B	0.22%	0.1%	0.1%
WOLF	F	0.04%	0.02%	0.02%
WULF	C	0.05%	0.04%	0.04%
XRX	F	0.06%	0.02%	0.02%
YEXT	A	0.03%	0.02%	0.02%
YOU	D	0.11%	0.05%	0.05%
ZETA	D	0.07%	0.06%	0.06%
ZUO	B	0.04%	0.03%	0.03%

RFLR Overweight 973 Positions Relative to FTEC

Symbol	Grade	Weight
EPRT	B	0.34%
CSWI	A	0.34%
GPI	A	0.33%
MC	B	0.33%
MATX	C	0.31%
CNX	A	0.31%
JXN	C	0.31%
CRC	A	0.3%
KAI	A	0.3%
KFY	B	0.3%
FBP	B	0.29%
PIPR	B	0.29%
RDNT	B	0.29%
HLNE	B	0.29%
OLLI	D	0.28%
ITGR	B	0.28%
FOUR	B	0.28%
CBT	C	0.28%
STRL	B	0.26%
HAE	C	0.26%
AWI	A	0.26%
HRI	B	0.25%
COLB	A	0.25%
AVAV	D	0.25%
CEIX	A	0.24%
COOP	B	0.24%
SLG	B	0.24%
DY	D	0.24%
TPG	A	0.24%
QXO	D	0.24%
AVNT	B	0.24%
RDN	C	0.24%
CTRE	D	0.23%
IESC	B	0.23%
BECN	B	0.23%
NVST	B	0.23%
GMS	B	0.23%
MDGL	B	0.23%
SR	A	0.23%
UPST	B	0.23%
PECO	A	0.23%
RKLB	B	0.23%
BKH	A	0.22%
BOOT	D	0.22%
MHO	D	0.22%
SKT	B	0.22%
BCPC	B	0.22%
OGS	A	0.22%
CORT	B	0.22%
KNF	A	0.22%
SFBS	B	0.22%
MAC	B	0.21%
UMBF	B	0.21%
ASB	B	0.21%
ICUI	D	0.21%
DNLI	D	0.21%
LOPE	B	0.21%
AGO	B	0.2%
GVA	A	0.2%
EAT	A	0.2%
LEVI	F	0.2%
BROS	B	0.2%
SEM	B	0.2%
ACA	A	0.2%
HWC	B	0.2%
LXP	D	0.2%
ALE	A	0.2%
AX	A	0.2%
SBRA	C	0.19%
CNO	A	0.19%
SHAK	C	0.19%
REZI	A	0.19%
FHB	A	0.19%
KMPR	B	0.19%
GTES	A	0.19%
WTM	A	0.18%
SKYW	B	0.18%
LRN	A	0.18%
CCOI	B	0.18%
PBH	A	0.18%
SFL	D	0.18%
ENS	D	0.18%
GEO	B	0.18%
AXSM	B	0.18%
ACLX	C	0.18%
ABCB	B	0.18%
OFG	B	0.18%
BFH	B	0.18%
R	B	0.18%
OII	B	0.18%
TPH	D	0.18%
ALIT	C	0.18%
RDDT	B	0.18%
RYTM	C	0.17%
PK	B	0.17%
HL	D	0.17%
PNM	F	0.17%
ENOV	C	0.17%
UE	C	0.17%
PJT	A	0.17%
SMPL	B	0.17%
DOCS	C	0.17%
ESGR	B	0.17%
TNL	A	0.17%
RUSHA	C	0.17%
FTDR	A	0.17%
CRNX	C	0.17%
PRIM	A	0.17%
CBZ	B	0.16%
NWL	B	0.16%
ROIC	A	0.16%
MOG.A	B	0.16%
RNA	D	0.16%
TEX	D	0.16%
WD	D	0.16%
MOD	A	0.16%
GPOR	B	0.16%
NMIH	D	0.16%
CCS	D	0.16%
KMT	B	0.16%
HCC	B	0.16%
KRYS	B	0.16%
AXNX	C	0.16%
TCBI	B	0.16%
EBC	B	0.16%
UCB	A	0.16%
SPR	D	0.16%
BGC	C	0.16%
TGTX	B	0.16%
OTTR	C	0.15%
AUB	B	0.15%
ABR	C	0.15%
POWL	C	0.15%
KFRC	D	0.15%
ARWR	F	0.15%
ABG	B	0.15%
SLVM	B	0.15%
IBOC	A	0.15%
LCII	C	0.15%
HUBG	A	0.15%
ESE	B	0.15%
STEP	B	0.15%
LAUR	A	0.15%
ROAD	A	0.15%
PTCT	B	0.15%
RRR	D	0.15%
VCYT	B	0.15%
FULT	A	0.15%
WSBC	B	0.15%
BCC	B	0.15%
HASI	D	0.15%
WDFC	B	0.15%
WSFS	A	0.15%
MGEE	C	0.15%
PENN	C	0.15%
BOH	B	0.14%
ABM	B	0.14%
MSGS	A	0.14%
ATGE	B	0.14%
SFNC	B	0.14%
CNK	B	0.14%
INDB	B	0.14%
MGRC	B	0.14%
FSS	B	0.14%
GATX	A	0.14%
FUL	F	0.14%
GRBK	D	0.14%
STC	B	0.14%
KTB	B	0.14%
BHF	B	0.14%
CVBF	A	0.14%
SGBX	F	0.14%
CVCO	A	0.14%
ARCH	B	0.14%
TGNA	B	0.14%
ARI	C	0.14%
HIMS	C	0.14%
OUT	A	0.14%
FHI	A	0.14%
UEC	B	0.14%
UAA	C	0.14%
JBT	B	0.13%
HTLF	B	0.13%
SMG	D	0.13%
IIPR	D	0.13%
PPBI	B	0.13%
AWR	B	0.13%
CPA	D	0.13%
EPAC	B	0.13%
HIW	D	0.13%
VIRT	B	0.13%
PFS	B	0.13%
ARCB	C	0.13%
DEI	B	0.13%
IOSP	B	0.13%
SPB	C	0.13%
CDP	C	0.13%
FCPT	C	0.13%
MRCY	B	0.13%
SXT	B	0.13%
AVA	A	0.13%
NMRK	B	0.13%
FIBK	A	0.13%
RXO	C	0.13%
CRVL	A	0.13%
AMED	F	0.13%
ALG	B	0.13%
KSS	F	0.13%
VCEL	B	0.13%
PRK	B	0.13%
BKU	A	0.13%
BNL	D	0.13%
APAM	B	0.13%
KWR	C	0.12%
VCTR	B	0.12%
PTGX	C	0.12%
NPAB	B	0.12%
JBLU	F	0.12%
IBTX	B	0.12%
BANC	A	0.12%
FA	C	0.12%
OMCL	C	0.12%
NBTB	B	0.12%
KAR	B	0.12%
HI	C	0.12%
ENR	B	0.12%
SYBT	B	0.12%
AKR	B	0.12%
SBCF	A	0.12%
SHO	C	0.12%
UNF	B	0.12%
ACAD	D	0.12%
MWA	B	0.12%
NGVT	B	0.12%
PCH	D	0.12%
NVGS	C	0.12%
CAKE	C	0.12%
BANF	B	0.12%
SAM	C	0.12%
CXW	B	0.12%
PTON	B	0.12%
CNS	B	0.12%
TDS	B	0.12%
FOLD	F	0.12%
WAFD	B	0.12%
CALM	A	0.12%
DORM	B	0.12%
MTX	B	0.12%
AIR	B	0.12%
EPR	D	0.12%
WHD	B	0.12%
MYRG	B	0.11%
UMH	C	0.11%
FBNC	A	0.11%
PARR	D	0.11%
CARG	C	0.11%
LKFN	B	0.11%
SIG	B	0.11%
PSMT	C	0.11%
DRH	B	0.11%
SNDX	F	0.11%
ENVA	B	0.11%
TRN	B	0.11%
LMND	B	0.11%
GSHD	A	0.11%
MNKD	C	0.11%
GERN	D	0.11%
GLNG	D	0.11%
PRVA	B	0.11%
EVTC	B	0.11%
VSCO	B	0.11%
JWN	C	0.11%
AGM	C	0.11%
GT	C	0.11%
HURN	B	0.11%
VC	D	0.11%
SBH	C	0.11%
WTTR	B	0.11%
VAC	B	0.11%
SGRY	F	0.11%
MIRM	B	0.11%
FELE	B	0.11%
JJSF	B	0.11%
CWT	D	0.11%
MCY	A	0.1%
NX	C	0.1%
RNST	B	0.1%
PHIN	A	0.1%
STAA	F	0.1%
BXC	B	0.1%
IMVT	F	0.1%
KTOS	B	0.1%
ESRT	C	0.1%
PEB	D	0.1%
NHC	C	0.1%
RC	D	0.1%
WINA	B	0.1%
VSEC	C	0.1%
TDOC	C	0.1%
CPRX	C	0.1%
IART	C	0.1%
IMKTA	C	0.1%
NOG	A	0.1%
MTRN	C	0.1%
NNI	D	0.1%
CMCO	B	0.1%
SHC	F	0.1%
GBX	A	0.1%
NTB	B	0.1%
ADNT	F	0.1%
AGIO	C	0.1%
MRTN	C	0.1%
SNEX	B	0.1%
ADUS	D	0.1%
BXMT	C	0.1%
CWEN	C	0.1%
IPAR	B	0.1%
EQC	B	0.1%
LGIH	D	0.1%
GOLF	B	0.1%
BKE	B	0.1%
PRCT	B	0.09%
GO	C	0.09%
GHC	C	0.09%
PRDO	B	0.09%
WRBY	B	0.09%
QS	F	0.09%
VERA	B	0.09%
DNOW	B	0.09%
KROS	D	0.09%
LBPH	A	0.09%
AIV	C	0.09%
LGND	B	0.09%
PDCO	D	0.09%
DFIN	D	0.09%
PLUG	F	0.09%
ELME	D	0.09%
STRA	C	0.09%
AKRO	B	0.09%
HLIO	B	0.09%
FRHC	B	0.09%
TWST	D	0.09%
MP	B	0.09%
NWE	A	0.09%
AROC	B	0.09%
DVAX	C	0.09%
FFBC	A	0.09%
SUPN	C	0.09%
GSAT	C	0.09%
EWTX	C	0.09%
WERN	C	0.09%
LZB	B	0.09%
APLE	B	0.09%
CABO	C	0.09%
VSTO	A	0.09%
HNI	B	0.09%
PZZA	D	0.09%
CMPR	D	0.09%
ICFI	F	0.09%
UA	B	0.09%
ATRC	C	0.09%
BTU	B	0.09%
IOVA	F	0.09%
GIII	D	0.08%
YELP	C	0.08%
PAYO	A	0.08%
VRDN	D	0.08%
SONO	C	0.08%
GOGO	C	0.08%
USPH	B	0.08%
RVLV	B	0.08%
HEES	B	0.08%
RXRX	F	0.08%
XMTR	C	0.08%
HROW	D	0.08%
THR	B	0.08%
REVG	B	0.08%
HBI	B	0.08%
HAYW	B	0.08%
PATK	D	0.08%
TALO	C	0.08%
HELE	C	0.08%
SXI	B	0.08%
MODG	F	0.08%
OKLO	B	0.08%
AMSC	B	0.08%
OEC	C	0.08%
HSTM	B	0.08%
ARVN	D	0.08%
SHOO	D	0.08%
FOXF	F	0.08%
CRK	B	0.08%
VSTS	C	0.08%
PRM	C	0.08%
SMR	B	0.08%
AEO	F	0.08%
BCRX	D	0.08%
TRUP	B	0.08%
CC	C	0.08%
CUBI	B	0.08%
REX	D	0.08%
PNTG	D	0.07%
CDE	D	0.07%
UNTY	B	0.07%
UNIT	B	0.07%
CHEF	A	0.07%
CVI	F	0.07%
SKY	A	0.07%
MQ	F	0.07%
COUR	F	0.07%
CAL	D	0.07%
PCT	C	0.07%
CRGY	B	0.07%
VMEO	B	0.07%
TARS	B	0.07%
TVTX	B	0.07%
FLNC	C	0.07%
CTBI	B	0.07%
NIC	B	0.07%
TMP	B	0.07%
STBA	B	0.07%
TCBK	B	0.07%
VREX	C	0.07%
EPC	D	0.07%
TCMD	A	0.07%
WABC	B	0.07%
SRRK	B	0.07%
BE	B	0.07%
PBI	B	0.07%
GNW	A	0.07%
CLNE	D	0.07%
AGX	B	0.07%
ALGT	B	0.07%
TRIP	F	0.07%
NARI	C	0.07%
AMR	C	0.07%
EYE	C	0.07%
HMN	B	0.07%
CGON	F	0.07%
BLFS	C	0.07%
AVXL	B	0.07%
JANX	C	0.07%
GENI	C	0.07%
B	B	0.07%
UPWK	B	0.07%
AHCO	F	0.06%
IVT	B	0.06%
XHR	B	0.06%
CERT	F	0.06%
HTBK	A	0.06%
IRON	B	0.06%
OPY	B	0.06%
PFIS	A	0.06%
CCBG	B	0.06%
KOS	F	0.06%
WS	B	0.06%
OSW	A	0.06%
CBL	A	0.06%
FCBC	B	0.06%
BCML	A	0.06%
AMC	C	0.06%
GASS	D	0.06%
TRST	B	0.06%
EBTC	B	0.06%
SPFI	B	0.06%
HWKN	B	0.06%
TRS	B	0.06%
MCBS	B	0.06%
ETNB	C	0.06%
EEX	C	0.06%
TPB	B	0.06%
DFH	D	0.06%
CMRE	C	0.06%
EFC	C	0.06%
ACT	D	0.06%
DAWN	F	0.06%
CRMT	C	0.06%
ODP	F	0.06%
TILE	B	0.06%
SHBI	A	0.06%
BLMN	F	0.06%
WTBA	B	0.06%
SATS	D	0.06%
AHH	D	0.06%
WWW	B	0.06%
NXRT	B	0.06%
OBK	B	0.06%
EVRI	A	0.06%
SABR	C	0.06%
MSBI	B	0.06%
KYMR	D	0.06%
RBCAA	B	0.06%
SAFT	C	0.06%
PLRX	F	0.06%
SBSI	B	0.06%
OCUL	D	0.06%
MBWM	B	0.06%
AMRX	C	0.06%
LEU	C	0.06%
SMBK	B	0.06%
CASH	A	0.06%
SXC	A	0.06%
TRMK	B	0.06%
NTST	D	0.06%
CNOB	B	0.06%
KLG	C	0.06%
AMRC	F	0.06%
IRMD	C	0.06%
AMPH	D	0.06%
CAC	B	0.06%
XPEL	C	0.06%
CIVB	B	0.06%
GES	F	0.06%
WASH	C	0.06%
BMRC	B	0.06%
SNDR	B	0.06%
NEXT	B	0.06%
TPC	C	0.06%
DBRG	F	0.06%
CECO	A	0.06%
HFWA	B	0.06%
LGF.A	C	0.06%
ALEX	C	0.06%
LADR	B	0.06%
USLM	A	0.06%
TMCI	D	0.06%
PFC	A	0.06%
ARDX	F	0.06%
VICR	B	0.05%
TGLS	B	0.05%
FWRD	D	0.05%
TROX	D	0.05%
FLYW	C	0.05%
FIZZ	C	0.05%
WMK	C	0.05%
SPRY	D	0.05%
MD	B	0.05%
MNRO	D	0.05%
INOD	B	0.05%
SAH	A	0.05%
CNNE	B	0.05%
SFST	B	0.05%
KRNY	B	0.05%
UFCS	B	0.05%
BLX	C	0.05%
PINE	C	0.05%
SJW	D	0.05%
ASTE	B	0.05%
SNCY	C	0.05%
FFIC	B	0.05%
CRAI	B	0.05%
MLR	B	0.05%
MSEX	B	0.05%
NAVI	C	0.05%
ULH	B	0.05%
PSTL	D	0.05%
DCO	C	0.05%
ANIP	F	0.05%
FREY	B	0.05%
CFFN	B	0.05%
ATSG	B	0.05%
VRE	B	0.05%
LNN	B	0.05%
SCL	C	0.05%
CLB	B	0.05%
VTLE	C	0.05%
FRBA	C	0.05%
FWRG	C	0.05%
USCB	B	0.05%
MDXG	B	0.05%
NPK	B	0.05%
NVEE	F	0.05%
DRVN	B	0.05%
SPNT	A	0.05%
DLX	B	0.05%
DGICA	A	0.05%
BFS	C	0.05%
SCS	C	0.05%
ACCO	C	0.05%
ECVT	C	0.05%
NVRO	F	0.05%
OLP	B	0.05%
HSII	B	0.05%
LC	A	0.05%
CZNC	B	0.05%
AORT	B	0.05%
IDT	B	0.05%
BSIG	A	0.05%
GNTY	A	0.05%
ACHR	B	0.05%
CTO	B	0.05%
ALRS	D	0.05%
TSBK	B	0.05%
FDP	B	0.05%
BKD	D	0.05%
CBRL	C	0.05%
FNLC	B	0.05%
CLOV	D	0.05%
BWB	B	0.05%
RLJ	B	0.05%
CAR	C	0.05%
VVI	C	0.05%
PRLB	A	0.05%
MSGE	F	0.05%
CBAN	B	0.05%
AMWD	C	0.05%
EGBN	B	0.05%
PCB	A	0.05%
CTLP	B	0.05%
CBNK	B	0.05%
NWN	A	0.05%
WT	B	0.05%
RBB	B	0.05%
SD	D	0.05%
NBN	B	0.05%
HBCP	B	0.05%
GSBC	B	0.05%
FBIZ	B	0.05%
RCUS	F	0.05%
UNFI	A	0.05%
JBI	F	0.05%
DCOM	A	0.05%
MOFG	A	0.05%
HCI	C	0.04%
AVNS	F	0.04%
IMXI	B	0.04%
BH	B	0.04%
ASTH	D	0.04%
XNCR	B	0.04%
UVE	B	0.04%
TTGT	C	0.04%
DBI	F	0.04%
ALX	D	0.04%
MBIN	D	0.04%
PRTH	C	0.04%
BOC	C	0.04%
TYRA	F	0.04%
BCBP	A	0.04%
TWI	F	0.04%
ONTF	C	0.04%
KREF	D	0.04%
CSTL	D	0.04%
SB	F	0.04%
TTI	C	0.04%
BKSY	C	0.04%
VEL	A	0.04%
MRC	B	0.04%
MCW	B	0.04%
FORR	D	0.04%
HNST	B	0.04%
SAVA	D	0.04%
SBT	C	0.04%
TREE	F	0.04%
RM	D	0.04%
SWBI	C	0.04%
PRCH	C	0.04%
PCRX	C	0.04%
GLDD	B	0.04%
FIGS	F	0.04%
UTI	A	0.04%
RYI	C	0.04%
AVO	C	0.04%
LYTS	B	0.04%
KALU	C	0.04%
CSR	B	0.04%
GTX	D	0.04%
COMM	D	0.04%
CHCT	C	0.04%
PPTA	C	0.04%
BMBL	D	0.04%
ETD	C	0.04%
HTZ	C	0.04%
ENVX	F	0.04%
GDEN	B	0.04%
CENX	B	0.04%
KOP	C	0.04%
EOLS	D	0.04%
DX	B	0.04%
LESL	C	0.04%
DOLE	D	0.04%
PRA	C	0.04%
LAND	F	0.04%
PGRE	F	0.04%
TRNS	D	0.04%
AVD	D	0.04%
CARE	C	0.04%
HAYN	C	0.04%
PLTK	B	0.04%
PYCR	C	0.04%
HGTY	B	0.04%
KW	B	0.04%
EZPW	A	0.04%
PUMP	B	0.04%
FPI	B	0.04%
UTZ	D	0.04%
AMTB	B	0.04%
JACK	D	0.04%
APLT	B	0.04%
BZH	B	0.04%
CGEM	F	0.04%
BRSP	B	0.04%
LMB	A	0.04%
COGT	D	0.04%
PDM	D	0.04%
AROW	B	0.04%
BV	B	0.04%
AXGN	D	0.04%
CDXC	B	0.04%
INVA	D	0.04%
TRC	F	0.04%
APOG	B	0.04%
ECPG	B	0.04%
PAY	B	0.04%
BJRI	B	0.04%
PCYO	B	0.04%
EE	A	0.04%
HY	D	0.03%
XOMA	C	0.03%
NPCE	C	0.03%
RDUS	C	0.03%
CDXS	B	0.03%
CCO	C	0.03%
CDRE	D	0.03%
EAF	C	0.03%
BYND	F	0.03%
LILAK	D	0.03%
ATUS	C	0.03%
LQDA	D	0.03%
OM	D	0.03%
BALY	C	0.03%
TRDA	B	0.03%
BAND	B	0.03%
LGF.A	C	0.03%
GEVO	D	0.03%
XERS	B	0.03%
RES	D	0.03%
DAN	D	0.03%
ERII	D	0.03%
PFMT	D	0.03%
VOR	D	0.03%
AIOT	B	0.03%
EBS	C	0.03%
RXST	F	0.03%
CCSI	C	0.03%
ZUMZ	C	0.03%
GATO	D	0.03%
ODC	C	0.03%
HUMA	F	0.03%
HNRG	B	0.03%
OZ	B	0.03%
LFST	C	0.03%
NAPA	B	0.03%
CATO	D	0.03%
MTRX	B	0.03%
CVGW	D	0.03%
ONEW	D	0.03%
DC	D	0.03%
NRDS	C	0.03%
PTLO	F	0.03%
BTBT	C	0.03%
ASIX	A	0.03%
USM	B	0.03%
IRWD	F	0.03%
AMCX	C	0.03%
LOVE	B	0.03%
KRUS	B	0.03%
ESEA	D	0.03%
NRIX	D	0.03%
CPS	C	0.03%
WRLD	C	0.03%
GTN	F	0.03%
ZNTL	F	0.03%
FFWM	C	0.03%
GDOT	D	0.03%
OSUR	F	0.03%
FOR	F	0.03%
BBW	B	0.03%
AMPS	C	0.03%
NINE	C	0.03%
METC	C	0.03%
FLGT	F	0.03%
AGS	A	0.03%
TRTX	B	0.03%
QNST	B	0.03%
NBR	C	0.03%
ZIP	F	0.03%
MNMD	C	0.03%
CDZI	B	0.03%
DCGO	C	0.03%
EGHT	C	0.03%
EXFY	B	0.03%
RPAY	D	0.03%
IAS	C	0.03%
OMER	A	0.03%
BCO	D	0.03%
LIND	C	0.03%
OFIX	B	0.03%
RVNC	F	0.03%
SHYF	C	0.03%
BGS	F	0.03%
VNDA	C	0.03%
PTVE	B	0.03%
VZIO	A	0.03%
SPTN	D	0.03%
WLDN	D	0.03%
ANGO	D	0.03%
CVEO	F	0.03%
COFS	A	0.03%
IE	C	0.03%
ACDC	C	0.03%
MGNI	A	0.03%
PUBM	C	0.03%
GWRS	B	0.03%
SMTI	B	0.03%
CRMD	C	0.03%
CTKB	C	0.03%
FET	D	0.03%
VTOL	B	0.03%
ARRY	D	0.03%
VIR	D	0.03%
SLP	D	0.03%
OLMA	F	0.03%
ACTG	D	0.03%
PLOW	D	0.03%
PL	A	0.03%
MBUU	C	0.03%
SPNS	F	0.03%
CSGS	B	0.03%
HVT	D	0.03%
ASRT	F	0.02%
BLNK	F	0.02%
INO	F	0.02%
LWAY	D	0.02%
AQST	D	0.02%
KFS	B	0.02%
NKTR	F	0.02%
GBLI	B	0.02%
STTK	F	0.02%
FULC	F	0.02%
VRRM	D	0.02%
IRBT	F	0.02%
VITL	D	0.02%
ABSI	F	0.02%
BVS	D	0.02%
SERA	F	0.02%
ANGI	D	0.02%
MODV	C	0.02%
NDLS	F	0.02%
RYAM	C	0.02%
REAL	A	0.02%
OPRX	F	0.02%
OLPX	D	0.02%
HAIN	C	0.02%
ESPR	C	0.02%
AEHR	F	0.02%
MEC	D	0.02%
SCPH	F	0.02%
EYPT	F	0.02%
LRMR	F	0.02%
PLCE	C	0.02%
DDD	D	0.02%
BRCC	F	0.02%
SWIM	C	0.02%
RZLT	C	0.02%
MVIS	F	0.02%
URGN	F	0.02%
CRCT	F	0.02%
ELVN	D	0.02%
OBIO	C	0.02%
GLSI	D	0.02%
UONE	F	0.02%
UIS	B	0.02%
ACRV	F	0.02%
RSI	B	0.02%
SENS	F	0.02%
TNYA	C	0.02%
LXRX	F	0.02%
ARKO	C	0.02%
OUST	C	0.02%
ALLO	F	0.02%
GSL	F	0.02%
SLDP	F	0.02%
ACIC	B	0.02%
KOPN	C	0.02%
KALV	D	0.02%
TLYS	F	0.02%
PHAT	F	0.02%
ENTA	F	0.02%
SPCE	D	0.02%
MUX	F	0.02%
ARAY	D	0.02%
PSTX	D	0.02%
LFMD	D	0.02%
PACB	F	0.02%
NVRI	F	0.02%
REPL	B	0.02%
VERV	F	0.02%
PACK	B	0.02%
INNV	F	0.02%
AEYE	C	0.02%
IHRT	C	0.02%
CELC	F	0.02%
BOOM	F	0.02%
RLGT	A	0.02%
MRSN	D	0.02%
XPOF	C	0.02%
PAYS	F	0.02%
AKBA	C	0.02%
MGNX	F	0.02%
DSGN	C	0.02%
CPK	A	0.02%
EOSE	D	0.02%
CRBU	F	0.02%
PGEN	F	0.02%
COOK	D	0.02%
LUNR	B	0.02%
CATY	B	0.02%
SRDX	B	0.02%
SANA	F	0.02%
QSI	C	0.02%
BFLY	B	0.02%
BOWL	C	0.02%
SPOK	C	0.02%
SAGE	F	0.02%
EDIT	F	0.02%
ALDX	D	0.02%
LYEL	F	0.02%
STXS	C	0.02%
CHGG	D	0.02%
GCI	D	0.02%
LAZR	F	0.02%
MCB	B	0.02%
SRI	F	0.02%
RCEL	C	0.02%
IBTA	C	0.02%
PINC	B	0.01%
ADMA	B	0.01%
LILA	D	0.01%
HRTX	F	0.01%
GOSS	F	0.01%
LNZA	F	0.01%
SES	F	0.01%
APPS	F	0.01%
IGMS	F	0.01%
BMEA	F	0.01%
PSNL	D	0.01%
VERU	F	0.01%
TPIC	F	0.01%
CABA	F	0.01%
FPH	C	0.01%
VERI	F	0.01%
BLUE	F	0.01%
XBIT	F	0.01%
SLQT	C	0.01%
CADL	F	0.01%
RAPT	F	0.01%
SGHT	F	0.01%
BW	D	0.01%
TSE	F	0.01%
INZY	F	0.01%
GHLD	F	0.01%
STRO	F	0.01%
YMAB	F	0.01%
MAX	F	0.01%
FNKO	D	0.01%
ALXO	F	0.01%
NRC	F	0.01%
PRME	F	0.01%
TSHA	C	0.01%
TSVT	F	0.01%
WNC	C	0.0%
ORGN	D	0.0%
SDGR	C	0.0%

RFLR Underweight 153 Positions Relative to FTEC

Symbol	Grade	Weight
NVDA	C	-16.06%
AAPL	C	-15.03%
MSFT	F	-13.23%
AVGO	D	-4.31%
CRM	B	-2.04%
ORCL	B	-1.9%
ADBE	C	-1.51%
CSCO	B	-1.47%
ACN	C	-1.42%
AMD	F	-1.39%
NOW	A	-1.33%
INTU	C	-1.23%
IBM	C	-1.18%
TXN	C	-1.16%
QCOM	F	-1.14%
AMAT	F	-0.98%
PLTR	B	-0.81%
PANW	C	-0.81%
MU	D	-0.7%
INTC	D	-0.69%
ADI	D	-0.67%
LRCX	F	-0.64%
KLAC	D	-0.57%
APH	A	-0.57%
CDNS	B	-0.55%
APP	B	-0.55%
SNPS	B	-0.55%
MSI	B	-0.55%
MRVL	B	-0.54%
CRWD	B	-0.54%
ADSK	A	-0.46%
MSTR	C	-0.45%
FTNT	C	-0.43%
WDAY	B	-0.41%
FICO	B	-0.41%
ROP	B	-0.41%
NXPI	D	-0.39%
TEAM	A	-0.33%
IT	C	-0.31%
CTSH	B	-0.3%
SNOW	C	-0.29%
GLW	B	-0.29%
DELL	C	-0.29%
DDOG	A	-0.28%
HUBS	A	-0.28%
HPQ	A	-0.27%
MCHP	F	-0.25%
ANSS	B	-0.24%
NET	B	-0.23%
HPE	B	-0.23%
TYL	C	-0.22%
GDDY	A	-0.22%
ON	D	-0.22%
KEYS	A	-0.22%
PTC	A	-0.2%
TDY	B	-0.2%
MPWR	F	-0.2%
ZM	B	-0.2%
ZBRA	B	-0.19%
TWLO	A	-0.19%
CDW	F	-0.19%
MDB	C	-0.19%
NTAP	C	-0.19%
TRMB	B	-0.18%
WDC	D	-0.18%
DOCU	A	-0.18%
NTNX	A	-0.18%
MANH	D	-0.17%
FSLR	F	-0.17%
STX	D	-0.17%
GWRE	A	-0.17%
GEN	B	-0.17%
ZS	C	-0.17%
FFIV	B	-0.16%
EPAM	C	-0.16%
JBL	B	-0.16%
VRSN	F	-0.16%
FLEX	A	-0.16%
COHR	B	-0.16%
BILL	A	-0.15%
DT	C	-0.15%
IOT	A	-0.14%
PSTG	D	-0.14%
ENTG	D	-0.14%
TER	D	-0.14%
SWKS	F	-0.13%
AKAM	D	-0.13%
JNPR	F	-0.13%
CIEN	B	-0.13%
PCOR	B	-0.12%
GTLB	B	-0.12%
CFLT	B	-0.12%
OKTA	C	-0.12%
FN	D	-0.11%
DBX	B	-0.11%
SMAR	A	-0.11%
SNX	C	-0.11%
S	B	-0.11%
CVLT	B	-0.11%
CRDO	B	-0.11%
MTSI	B	-0.11%
PATH	C	-0.1%
U	C	-0.1%
OLED	D	-0.1%
MKSI	C	-0.1%
RMBS	C	-0.1%
CGNX	C	-0.1%
BSY	D	-0.1%
VNT	B	-0.1%
LSCC	D	-0.1%
QLYS	C	-0.1%
DLB	B	-0.09%
TENB	C	-0.09%
DXC	B	-0.09%
ARW	D	-0.09%
VRNS	D	-0.09%
LFUS	F	-0.09%
NOVT	D	-0.09%
ONTO	D	-0.09%
ESTC	C	-0.09%
SPSC	C	-0.09%
POWI	D	-0.08%
ENPH	F	-0.08%
ASGN	F	-0.08%
NSIT	F	-0.07%
QRVO	F	-0.07%
SMCI	F	-0.07%
CRUS	D	-0.07%
ALGM	D	-0.06%
ACLS	F	-0.06%
OSIS	B	-0.06%
AMKR	D	-0.06%
VYX	B	-0.05%
EXTR	B	-0.05%
BRZE	C	-0.05%
VRNT	C	-0.04%
VECO	F	-0.04%
INFA	D	-0.04%
ICHR	C	-0.03%
INFN	C	-0.03%
SWI	B	-0.02%
NTGR	B	-0.02%
SEDG	F	-0.02%
DJCO	B	-0.02%
HCKT	B	-0.02%
VPG	D	-0.01%
CRSR	C	-0.01%
ENFN	A	-0.01%
ETWO	F	-0.01%
DMRC	C	-0.01%
LASR	D	-0.01%
VSAT	F	-0.01%
OSPN	A	-0.01%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information