IUS vs. SPY ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to SPDR S&P 500 (SPY)

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.06

Average Daily Volume

64,405

Number of Holdings ^*

541

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$566.62

Average Daily Volume

50,678,851

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	IUS	SPY
30 Days	2.69%	2.20%
60 Days	3.73%	4.01%
90 Days	5.47%	4.86%
12 Months	24.70%	31.53%

366 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in SPY	Overlap
A	C	0.06%	0.09%	0.06%
AAL	D	0.02%	0.02%	0.02%
AAPL	C	4.9%	6.87%	4.9%
ABBV	C	0.8%	0.74%	0.74%
ABNB	D	0.11%	0.11%	0.11%
ABT	C	0.41%	0.43%	0.41%
ACGL	C	0.13%	0.09%	0.09%
ACN	C	0.49%	0.47%	0.47%
ADBE	F	0.33%	0.56%	0.33%
ADM	D	0.33%	0.06%	0.06%
ADP	B	0.17%	0.24%	0.17%
ADSK	C	0.07%	0.12%	0.07%
AES	C	0.05%	0.03%	0.03%
AIZ	B	0.05%	0.02%	0.02%
AKAM	D	0.05%	0.03%	0.03%
ALB	D	0.04%	0.02%	0.02%
ALGN	D	0.03%	0.03%	0.03%
ALL	B	0.26%	0.1%	0.1%
AMAT	D	0.22%	0.33%	0.22%
AMCR	B	0.08%	0.03%	0.03%
AMD	D	0.22%	0.52%	0.22%
AME	C	0.06%	0.08%	0.06%
AMGN	B	0.28%	0.38%	0.28%
AMZN	C	1.94%	3.61%	1.94%
ANET	B	0.04%	0.18%	0.04%
ANSS	D	0.03%	0.06%	0.03%
AON	B	0.16%	0.16%	0.16%
AOS	D	0.03%	0.02%	0.02%
APA	F	0.06%	0.02%	0.02%
APD	B	0.13%	0.13%	0.13%
APH	D	0.09%	0.16%	0.09%
APTV	D	0.07%	0.04%	0.04%
AVGO	C	0.7%	1.48%	0.7%
AVY	C	0.04%	0.04%	0.04%
AXP	B	0.48%	0.31%	0.31%
AZO	D	0.15%	0.12%	0.12%
BA	F	0.13%	0.2%	0.13%
BALL	C	0.05%	0.04%	0.04%
BAX	C	0.08%	0.04%	0.04%
BBY	C	0.16%	0.04%	0.04%
BDX	D	0.17%	0.14%	0.14%
BEN	F	0.03%	0.01%	0.01%
BG	D	0.15%	0.03%	0.03%
BIIB	F	0.07%	0.06%	0.06%
BKNG	C	0.33%	0.28%	0.28%
BKR	C	0.14%	0.07%	0.07%
BLDR	C	0.12%	0.04%	0.04%
BMY	C	0.58%	0.21%	0.21%
BR	D	0.04%	0.05%	0.04%
BRK.A	C	3.06%	1.76%	1.76%
BRO	C	0.03%	0.05%	0.03%
BSX	B	0.11%	0.26%	0.11%
BWA	D	0.05%	0.02%	0.02%
BX	B	0.21%	0.22%	0.21%
CAG	C	0.08%	0.03%	0.03%
CAH	C	0.48%	0.06%	0.06%
CARR	B	0.11%	0.13%	0.11%
CAT	B	0.42%	0.35%	0.35%
CB	B	0.47%	0.25%	0.25%
CBOE	C	0.04%	0.05%	0.04%
CBRE	A	0.13%	0.07%	0.07%
CCL	C	0.08%	0.04%	0.04%
CDNS	D	0.04%	0.15%	0.04%
CDW	D	0.07%	0.06%	0.06%
CE	F	0.05%	0.03%	0.03%
CEG	C	0.03%	0.13%	0.03%
CF	C	0.09%	0.03%	0.03%
CHD	D	0.04%	0.05%	0.04%
CHRW	B	0.08%	0.02%	0.02%
CHTR	D	0.3%	0.07%	0.07%
CI	C	0.75%	0.22%	0.22%
CINF	B	0.09%	0.05%	0.05%
CL	D	0.15%	0.19%	0.15%
CLX	C	0.04%	0.04%	0.04%
CMCSA	D	1.09%	0.32%	0.32%
CMG	C	0.05%	0.16%	0.05%
CMI	C	0.14%	0.09%	0.09%
CMS	C	0.07%	0.04%	0.04%
CNC	D	0.41%	0.08%	0.08%
CNP	C	0.09%	0.04%	0.04%
COP	D	0.67%	0.26%	0.26%
COST	B	0.75%	0.85%	0.75%
CPAY	B	0.05%	0.05%	0.05%
CPB	C	0.04%	0.02%	0.02%
CPRT	D	0.03%	0.09%	0.03%
CRM	D	0.41%	0.52%	0.41%
CSCO	C	0.67%	0.43%	0.43%
CSGP	D	0.03%	0.07%	0.03%
CSX	D	0.22%	0.14%	0.14%
CTAS	B	0.06%	0.15%	0.06%
CTRA	D	0.11%	0.04%	0.04%
CTSH	C	0.14%	0.08%	0.08%
CTVA	B	0.13%	0.08%	0.08%
CVS	D	1.08%	0.15%	0.15%
CVX	D	1.52%	0.51%	0.51%
CZR	C	0.05%	0.02%	0.02%
DAL	C	0.04%	0.06%	0.04%
DD	B	0.15%	0.07%	0.07%
DE	B	0.38%	0.22%	0.22%
DECK	C	0.03%	0.05%	0.03%
DG	F	0.08%	0.04%	0.04%
DGX	B	0.07%	0.04%	0.04%
DHI	B	0.21%	0.12%	0.12%
DHR	B	0.27%	0.38%	0.27%
DIS	D	0.47%	0.34%	0.34%
DLTR	F	0.06%	0.03%	0.03%
DOV	B	0.05%	0.05%	0.05%
DOW	D	0.22%	0.08%	0.08%
DRI	B	0.06%	0.04%	0.04%
DTE	C	0.11%	0.05%	0.05%
DVA	B	0.05%	0.02%	0.02%
DVN	F	0.13%	0.05%	0.05%
DXCM	F	0.02%	0.06%	0.02%
EA	D	0.09%	0.08%	0.08%
EBAY	B	0.13%	0.07%	0.07%
ECL	B	0.08%	0.14%	0.08%
ED	C	0.16%	0.08%	0.08%
EFX	B	0.05%	0.08%	0.05%
EG	C	0.1%	0.03%	0.03%
EL	F	0.06%	0.04%	0.04%
ELV	C	0.56%	0.27%	0.27%
EMN	B	0.06%	0.03%	0.03%
EMR	D	0.12%	0.12%	0.12%
EOG	D	0.32%	0.15%	0.15%
EQIX	C	0.1%	0.18%	0.1%
EQT	D	0.07%	0.04%	0.04%
ETN	C	0.14%	0.25%	0.14%
EW	F	0.05%	0.09%	0.05%
EXC	C	0.18%	0.08%	0.08%
EXPD	C	0.09%	0.04%	0.04%
EXPE	C	0.11%	0.04%	0.04%
F	F	0.56%	0.09%	0.09%
FANG	D	0.16%	0.06%	0.06%
FAST	C	0.06%	0.08%	0.06%
FCX	D	0.12%	0.13%	0.12%
FDX	C	0.38%	0.14%	0.14%
FE	C	0.1%	0.05%	0.05%
FFIV	B	0.03%	0.03%	0.03%
FOXA	B	0.14%	0.02%	0.02%
FSLR	C	0.03%	0.05%	0.03%
FTNT	C	0.06%	0.1%	0.06%
FTV	C	0.06%	0.05%	0.05%
GD	B	0.21%	0.15%	0.15%
GDDY	C	0.04%	0.05%	0.04%
GE	B	0.41%	0.39%	0.39%
GEHC	C	0.07%	0.08%	0.07%
GILD	B	0.37%	0.22%	0.22%
GIS	B	0.16%	0.09%	0.09%
GLW	C	0.12%	0.07%	0.07%
GM	C	0.83%	0.11%	0.11%
GOOGL	D	3.28%	1.9%	1.9%
GPC	D	0.07%	0.04%	0.04%
GRMN	D	0.05%	0.06%	0.05%
GWW	B	0.08%	0.09%	0.08%
HAL	F	0.09%	0.05%	0.05%
HAS	B	0.03%	0.02%	0.02%
HCA	B	0.27%	0.16%	0.16%
HD	B	0.88%	0.79%	0.79%
HES	F	0.08%	0.07%	0.07%
HIG	B	0.19%	0.07%	0.07%
HII	D	0.04%	0.02%	0.02%
HLT	B	0.09%	0.11%	0.09%
HOLX	B	0.05%	0.04%	0.04%
HON	D	0.3%	0.28%	0.28%
HPE	D	0.17%	0.05%	0.05%
HPQ	D	0.17%	0.06%	0.06%
HRL	C	0.06%	0.02%	0.02%
HSIC	C	0.04%	0.02%	0.02%
HST	C	0.04%	0.03%	0.03%
HSY	C	0.08%	0.06%	0.06%
HUBB	B	0.03%	0.05%	0.03%
HUM	F	0.32%	0.08%	0.08%
HWM	B	0.04%	0.08%	0.04%
IBM	B	0.54%	0.41%	0.41%
IFF	B	0.09%	0.06%	0.06%
INTC	F	0.35%	0.18%	0.18%
INTU	C	0.19%	0.39%	0.19%
IP	B	0.12%	0.03%	0.03%
IPG	C	0.05%	0.03%	0.03%
IQV	C	0.09%	0.09%	0.09%
IR	C	0.05%	0.08%	0.05%
IRM	C	0.06%	0.07%	0.06%
ISRG	B	0.12%	0.37%	0.12%
IT	B	0.04%	0.08%	0.04%
ITW	C	0.14%	0.14%	0.14%
J	C	0.07%	0.04%	0.04%
JBHT	D	0.05%	0.03%	0.03%
JBL	D	0.09%	0.03%	0.03%
JCI	B	0.15%	0.1%	0.1%
JNJ	C	1.04%	0.85%	0.85%
JNPR	B	0.05%	0.03%	0.03%
K	B	0.09%	0.05%	0.05%
KDP	B	0.14%	0.08%	0.08%
KEYS	C	0.05%	0.06%	0.05%
KHC	C	0.27%	0.06%	0.06%
KLAC	D	0.12%	0.22%	0.12%
KMB	D	0.12%	0.1%	0.1%
KMI	B	0.23%	0.09%	0.09%
KMX	D	0.08%	0.03%	0.03%
KO	C	0.52%	0.59%	0.52%
KR	C	0.35%	0.07%	0.07%
LDOS	B	0.06%	0.04%	0.04%
LEN	B	0.22%	0.09%	0.09%
LHX	C	0.14%	0.09%	0.09%
LIN	B	0.42%	0.48%	0.42%
LKQ	F	0.06%	0.02%	0.02%
LLY	C	0.28%	1.57%	0.28%
LMT	C	0.53%	0.26%	0.26%
LOW	B	0.46%	0.3%	0.3%
LRCX	F	0.14%	0.21%	0.14%
LULU	D	0.04%	0.06%	0.04%
LUV	C	0.03%	0.04%	0.03%
LVS	D	0.05%	0.03%	0.03%
LYB	D	0.15%	0.05%	0.05%
LYV	B	0.03%	0.03%	0.03%
MA	B	0.45%	0.86%	0.45%
MAR	C	0.14%	0.12%	0.12%
MAS	B	0.04%	0.04%	0.04%
MCD	B	0.3%	0.45%	0.3%
MCHP	F	0.09%	0.09%	0.09%
MCK	F	0.54%	0.14%	0.14%
MCO	B	0.07%	0.16%	0.07%
MDLZ	B	0.27%	0.21%	0.21%
MDT	C	0.38%	0.26%	0.26%
META	B	2.08%	2.4%	2.08%
MGM	F	0.07%	0.02%	0.02%
MHK	C	0.05%	0.02%	0.02%
MKC	C	0.05%	0.04%	0.04%
MLM	D	0.05%	0.07%	0.05%
MMC	C	0.19%	0.24%	0.19%
MMM	B	0.29%	0.15%	0.15%
MNST	D	0.04%	0.08%	0.04%
MO	C	0.35%	0.2%	0.2%
MOH	D	0.08%	0.04%	0.04%
MOS	F	0.09%	0.02%	0.02%
MPC	F	0.7%	0.12%	0.12%
MRK	D	0.5%	0.62%	0.5%
MRNA	F	0.04%	0.06%	0.04%
MRO	C	0.14%	0.03%	0.03%
MSCI	C	0.04%	0.1%	0.04%
MSFT	C	2.83%	6.73%	2.83%
MSI	B	0.08%	0.15%	0.08%
MTD	D	0.03%	0.06%	0.03%
MU	F	0.16%	0.21%	0.16%
NCLH	C	0.04%	0.02%	0.02%
NDAQ	A	0.05%	0.06%	0.05%
NEM	B	0.17%	0.13%	0.13%
NFLX	B	0.28%	0.63%	0.28%
NKE	D	0.29%	0.2%	0.2%
NOC	B	0.23%	0.15%	0.15%
NOW	B	0.1%	0.38%	0.1%
NRG	C	0.06%	0.04%	0.04%
NSC	C	0.17%	0.12%	0.12%
NTAP	D	0.06%	0.05%	0.05%
NUE	F	0.21%	0.07%	0.07%
NVDA	D	0.76%	6.15%	0.76%
NVR	B	0.08%	0.06%	0.06%
NWSA	D	0.06%	0.02%	0.02%
ODFL	D	0.05%	0.07%	0.05%
OKE	B	0.15%	0.11%	0.11%
OMC	B	0.07%	0.04%	0.04%
ON	D	0.06%	0.06%	0.06%
ORCL	C	0.31%	0.54%	0.31%
ORLY	C	0.13%	0.14%	0.13%
OTIS	C	0.05%	0.08%	0.05%
OXY	F	0.3%	0.07%	0.07%
PANW	D	0.06%	0.24%	0.06%
PARA	F	0.1%	0.01%	0.01%
PAYX	C	0.06%	0.09%	0.06%
PCAR	D	0.16%	0.11%	0.11%
PEP	C	0.49%	0.52%	0.49%
PFE	C	0.77%	0.36%	0.36%
PG	C	0.83%	0.88%	0.83%
PGR	B	0.31%	0.31%	0.31%
PH	B	0.13%	0.16%	0.13%
PHM	B	0.11%	0.06%	0.06%
PKG	B	0.06%	0.04%	0.04%
PM	C	0.38%	0.42%	0.38%
POOL	C	0.03%	0.03%	0.03%
PPG	D	0.08%	0.06%	0.06%
PPL	C	0.09%	0.05%	0.05%
PSA	B	0.15%	0.12%	0.12%
PSX	F	0.47%	0.11%	0.11%
PWR	B	0.06%	0.08%	0.06%
PYPL	B	0.28%	0.16%	0.16%
QCOM	D	0.32%	0.4%	0.32%
QRVO	F	0.04%	0.02%	0.02%
RCL	B	0.08%	0.08%	0.08%
REGN	C	0.23%	0.26%	0.23%
RL	C	0.04%	0.01%	0.01%
RMD	C	0.04%	0.08%	0.04%
ROK	D	0.05%	0.06%	0.05%
ROP	C	0.08%	0.13%	0.08%
ROST	C	0.12%	0.11%	0.11%
RSG	D	0.08%	0.09%	0.08%
RTX	C	0.7%	0.34%	0.34%
SBAC	C	0.04%	0.06%	0.04%
SBUX	C	0.21%	0.24%	0.21%
SHW	B	0.14%	0.19%	0.14%
SJM	C	0.07%	0.03%	0.03%
SLB	F	0.17%	0.12%	0.12%
SNA	C	0.05%	0.03%	0.03%
SNPS	D	0.06%	0.16%	0.06%
STE	C	0.05%	0.05%	0.05%
STLD	F	0.1%	0.03%	0.03%
STX	C	0.04%	0.04%	0.04%
STZ	D	0.11%	0.09%	0.09%
SW	B	0.07%	0.05%	0.05%
SWK	B	0.09%	0.03%	0.03%
SWKS	D	0.06%	0.03%	0.03%
SYK	C	0.15%	0.27%	0.15%
SYY	D	0.2%	0.08%	0.08%
T	C	1.37%	0.33%	0.33%
TAP	D	0.08%	0.02%	0.02%
TDG	B	0.05%	0.16%	0.05%
TDY	B	0.04%	0.04%	0.04%
TEL	D	0.13%	0.09%	0.09%
TER	D	0.03%	0.04%	0.03%
TGT	C	0.32%	0.15%	0.15%
TJX	B	0.29%	0.29%	0.29%
TMO	B	0.39%	0.51%	0.39%
TMUS	C	0.35%	0.22%	0.22%
TPR	C	0.05%	0.02%	0.02%
TRGP	B	0.11%	0.07%	0.07%
TROW	D	0.07%	0.05%	0.05%
TRV	C	0.28%	0.11%	0.11%
TSCO	C	0.06%	0.06%	0.06%
TSLA	C	0.49%	1.35%	0.49%
TSN	C	0.19%	0.04%	0.04%
TT	B	0.11%	0.17%	0.11%
TTWO	C	0.03%	0.05%	0.03%
TXN	C	0.28%	0.39%	0.28%
TXT	D	0.08%	0.04%	0.04%
UAL	C	0.04%	0.03%	0.03%
UBER	C	0.12%	0.31%	0.12%
UHS	B	0.08%	0.03%	0.03%
ULTA	D	0.06%	0.04%	0.04%
UNH	C	1.67%	1.16%	1.16%
UNP	C	0.29%	0.32%	0.29%
UPS	D	0.44%	0.2%	0.2%
URI	B	0.12%	0.1%	0.1%
V	C	0.73%	0.96%	0.73%
VLO	F	0.48%	0.09%	0.09%
VMC	D	0.05%	0.07%	0.05%
VRSK	D	0.09%	0.08%	0.08%
VRSN	D	0.03%	0.03%	0.03%
VRTX	D	0.12%	0.26%	0.12%
VST	C	0.09%	0.06%	0.06%
VTRS	D	0.13%	0.03%	0.03%
VZ	B	1.25%	0.39%	0.39%
WAB	B	0.06%	0.06%	0.06%
WBA	F	0.14%	0.01%	0.01%
WBD	D	0.21%	0.03%	0.03%
WDC	D	0.04%	0.04%	0.04%
WM	D	0.16%	0.16%	0.16%
WMT	C	1.24%	0.72%	0.72%
WRB	C	0.08%	0.04%	0.04%
WST	D	0.03%	0.05%	0.03%
WTW	C	0.1%	0.06%	0.06%
WY	C	0.07%	0.05%	0.05%
XEL	B	0.17%	0.08%	0.08%
XOM	C	2.35%	1.05%	1.05%
XYL	C	0.04%	0.07%	0.04%
YUM	D	0.03%	0.08%	0.03%
ZBH	F	0.07%	0.05%	0.05%
ZTS	C	0.1%	0.18%	0.1%

IUS Overweight 175 Positions Relative to SPY

Symbol	Grade	Weight
LUMN	C	0.32%
LNG	C	0.22%
DELL	D	0.19%
ACI	F	0.12%
DINO	F	0.11%
MELI	B	0.11%
SNX	D	0.11%
MKL	C	0.1%
RGA	C	0.1%
PFGC	B	0.1%
FLEX	C	0.09%
USFD	B	0.09%
ARW	C	0.09%
SNEX	B	0.09%
SQ	D	0.08%
UNFI	C	0.08%
MRVL	C	0.08%
THC	A	0.08%
OVV	F	0.08%
X	F	0.08%
DXC	C	0.08%
ORI	B	0.07%
PBF	F	0.07%
TOL	B	0.07%
BERY	B	0.07%
R	A	0.07%
JLL	B	0.07%
DKS	D	0.07%
CHK	D	0.07%
WCN	D	0.07%
TX	D	0.07%
RS	D	0.07%
SATS	C	0.06%
ZIM	C	0.06%
LEA	F	0.06%
WDAY	D	0.06%
MUSA	D	0.06%
RNR	C	0.06%
OC	D	0.06%
WHR	D	0.06%
LAD	D	0.06%
UGI	C	0.05%
BJ	D	0.05%
KSS	F	0.05%
CCK	A	0.05%
KNX	C	0.05%
ZM	C	0.05%
SWN	D	0.05%
CASY	D	0.05%
ACM	B	0.05%
OMF	D	0.05%
GPI	B	0.05%
M	F	0.05%
AFG	B	0.05%
CPNG	B	0.05%
DASH	C	0.05%
AN	D	0.05%
VFC	C	0.05%
ARMK	B	0.05%
CLF	F	0.05%
CAR	F	0.05%
AVT	C	0.05%
SSNC	B	0.05%
BECN	D	0.04%
RRX	C	0.04%
COHR	C	0.04%
RPM	B	0.04%
SKX	D	0.04%
MUR	F	0.04%
ANDE	D	0.04%
BTU	D	0.04%
PENN	D	0.04%
FLR	D	0.04%
POST	C	0.04%
AVTR	B	0.04%
AR	F	0.04%
TDS	C	0.04%
CMC	D	0.04%
SCI	B	0.04%
PVH	F	0.04%
INGR	B	0.04%
CNX	B	0.04%
FYBR	C	0.04%
UTHR	C	0.04%
ABG	D	0.04%
H	C	0.04%
EME	B	0.04%
CPRI	D	0.04%
OLN	D	0.04%
AGCO	D	0.04%
WSM	D	0.04%
THO	D	0.04%
GPK	B	0.04%
CIVI	F	0.04%
FAF	B	0.04%
TWLO	D	0.04%
NXST	D	0.04%
WCC	D	0.04%
CHRD	F	0.04%
TPG	B	0.04%
LBRDK	F	0.04%
KBH	A	0.04%
BURL	B	0.04%
DOX	C	0.04%
CSL	B	0.04%
TMHC	A	0.04%
LPLA	D	0.04%
MAN	C	0.04%
PRGO	D	0.03%
AA	D	0.03%
RRC	D	0.03%
WU	F	0.03%
MTN	D	0.03%
PR	F	0.03%
OSK	F	0.03%
DAR	F	0.03%
GXO	D	0.03%
SON	C	0.03%
MTDR	F	0.03%
GAP	F	0.03%
RHI	D	0.03%
ADNT	F	0.03%
TW	B	0.03%
SNOW	F	0.03%
BCC	B	0.03%
CVI	F	0.03%
SM	F	0.03%
RH	B	0.03%
TNET	F	0.03%
TGNA	D	0.03%
DK	F	0.03%
FTI	D	0.03%
VVV	D	0.03%
APP	C	0.03%
AMKR	F	0.03%
ASO	C	0.03%
KD	D	0.03%
NFG	B	0.03%
JHG	B	0.03%
NWL	C	0.03%
HTZ	F	0.03%
BC	C	0.03%
SAIC	C	0.03%
WSC	D	0.03%
OGS	B	0.03%
NSIT	D	0.03%
MTH	A	0.03%
WSO	C	0.03%
UFPI	C	0.03%
HUN	D	0.03%
JAZZ	D	0.03%
HOG	C	0.03%
PII	D	0.03%
AMG	C	0.03%
ALV	F	0.03%
NU	B	0.03%
GT	F	0.03%
CACI	B	0.03%
ILMN	C	0.03%
BAH	C	0.03%
HRB	C	0.03%
ATKR	F	0.02%
AAP	F	0.02%
AMR	F	0.02%
CNM	F	0.02%
DAN	F	0.02%
ODP	F	0.02%
ARCH	F	0.02%
SIG	C	0.02%
PINS	F	0.02%
HP	F	0.02%
XRX	D	0.02%
IAC	C	0.02%
NOV	F	0.02%
ELAN	D	0.02%

IUS Underweight 130 Positions Relative to SPY

Symbol	Grade	Weight
GOOG	D	-1.59%
JPM	D	-1.27%
BAC	D	-0.57%
WFC	D	-0.4%
NEE	C	-0.37%
SPGI	B	-0.35%
GS	C	-0.33%
PLD	C	-0.26%
MS	D	-0.26%
BLK	B	-0.26%
AMT	C	-0.24%
ADI	C	-0.24%
C	C	-0.23%
SO	B	-0.21%
ICE	C	-0.2%
SCHW	D	-0.2%
DUK	C	-0.19%
KKR	B	-0.17%
CME	C	-0.17%
WELL	C	-0.16%
USB	B	-0.15%
PNC	B	-0.15%
AJG	D	-0.14%
CRWD	D	-0.13%
NXPI	F	-0.13%
AEP	C	-0.12%
WMB	B	-0.12%
O	C	-0.12%
TFC	C	-0.12%
AFL	C	-0.12%
GEV	B	-0.12%
BK	B	-0.11%
DLR	B	-0.11%
SRE	C	-0.11%
COF	B	-0.11%
CCI	C	-0.11%
SPG	B	-0.11%
MET	B	-0.1%
FICO	B	-0.1%
FIS	B	-0.1%
AIG	D	-0.1%
D	C	-0.1%
IDXX	C	-0.09%
PEG	B	-0.09%
PRU	C	-0.09%
PCG	C	-0.09%
MPWR	C	-0.09%
AMP	A	-0.09%
KVUE	C	-0.09%
EXR	B	-0.08%
DFS	B	-0.07%
EIX	C	-0.07%
AVB	B	-0.07%
VICI	C	-0.07%
ETR	B	-0.06%
VTR	C	-0.06%
EQR	B	-0.06%
MTB	B	-0.06%
GPN	D	-0.06%
FITB	B	-0.06%
AWK	B	-0.06%
WEC	C	-0.06%
AEE	C	-0.05%
RJF	C	-0.05%
SMCI	F	-0.05%
ES	C	-0.05%
VLTO	C	-0.05%
TYL	C	-0.05%
STT	A	-0.05%
AXON	B	-0.05%
FDS	C	-0.04%
PFG	B	-0.04%
ZBRA	B	-0.04%
NTRS	A	-0.04%
CFG	C	-0.04%
SYF	C	-0.04%
ARE	C	-0.04%
MAA	B	-0.04%
WAT	C	-0.04%
ESS	B	-0.04%
ATO	B	-0.04%
PTC	D	-0.04%
HBAN	B	-0.04%
RF	B	-0.04%
INVH	C	-0.04%
ALLE	B	-0.03%
REG	C	-0.03%
JKHY	B	-0.03%
CPT	B	-0.03%
NDSN	C	-0.03%
TRMB	C	-0.03%
EVRG	B	-0.03%
ROL	C	-0.03%
UDR	C	-0.03%
L	C	-0.03%
DPZ	F	-0.03%
PNR	B	-0.03%
IEX	D	-0.03%
LNT	B	-0.03%
KEY	B	-0.03%
NI	B	-0.03%
ENPH	D	-0.03%
KIM	C	-0.03%
DOC	C	-0.03%
PODD	B	-0.03%
IVZ	B	-0.02%
WYNN	D	-0.02%
FMC	C	-0.02%
PAYC	D	-0.02%
FRT	C	-0.02%
GL	C	-0.02%
GNRC	D	-0.02%
DAY	D	-0.02%
LW	D	-0.02%
INCY	C	-0.02%
SOLV	C	-0.02%
MKTX	C	-0.02%
MTCH	C	-0.02%
CRL	F	-0.02%
PNW	C	-0.02%
BXP	B	-0.02%
CTLT	B	-0.02%
TFX	C	-0.02%
TECH	C	-0.02%
EPAM	F	-0.02%
NWS	D	-0.01%
FOX	B	-0.01%
BBWI	F	-0.01%
ETSY	F	-0.01%
BIO	C	-0.01%