IUS vs. VONV ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to Vanguard Russell 1000 Value ETF (VONV)

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

$50.15

Average Daily Volume

65,958

Number of Holdings ^*

541

* may have additional holdings in another (foreign) market

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$82.79

Average Daily Volume

320,888

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

Performance

Period	IUS	VONV
30 Days	1.10%	2.01%
60 Days	2.51%	4.22%
90 Days	4.18%	7.18%
12 Months	22.48%	21.36%

434 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in VONV	Overlap
A	C	0.06%	0.17%	0.06%
AA	D	0.03%	0.03%	0.03%
AAL	D	0.02%	0.03%	0.02%
AAP	F	0.02%	0.01%	0.01%
ABBV	C	0.8%	0.79%	0.79%
ABT	C	0.41%	0.79%	0.41%
ACGL	B	0.13%	0.16%	0.13%
ACI	F	0.12%	0.03%	0.03%
ACM	B	0.05%	0.05%	0.05%
ACN	C	0.49%	0.86%	0.49%
ADM	D	0.33%	0.12%	0.12%
ADP	B	0.17%	0.03%	0.03%
AES	C	0.05%	0.05%	0.05%
AFG	B	0.05%	0.04%	0.04%
AGCO	D	0.04%	0.02%	0.02%
AIZ	B	0.05%	0.04%	0.04%
AKAM	D	0.05%	0.06%	0.05%
ALB	F	0.04%	0.04%	0.04%
ALGN	D	0.03%	0.03%	0.03%
ALL	A	0.26%	0.17%	0.17%
AMAT	D	0.22%	0.05%	0.05%
AMCR	C	0.08%	0.07%	0.07%
AMD	F	0.22%	0.33%	0.22%
AME	C	0.06%	0.16%	0.06%
AMG	C	0.03%	0.02%	0.02%
AMGN	B	0.28%	0.16%	0.16%
AMKR	F	0.03%	0.01%	0.01%
AN	D	0.05%	0.02%	0.02%
ANSS	F	0.03%	0.11%	0.03%
AON	B	0.16%	0.27%	0.16%
AOS	C	0.03%	0.04%	0.03%
APA	F	0.06%	0.04%	0.04%
APD	B	0.13%	0.25%	0.13%
APH	D	0.09%	0.13%	0.09%
APTV	D	0.07%	0.08%	0.07%
AR	D	0.04%	0.03%	0.03%
ARMK	B	0.05%	0.04%	0.04%
ARW	C	0.09%	0.03%	0.03%
AVT	D	0.05%	0.02%	0.02%
AVTR	B	0.04%	0.07%	0.04%
AVY	D	0.04%	0.04%	0.04%
AXP	B	0.48%	0.37%	0.37%
AZO	D	0.15%	0.02%	0.02%
BA	F	0.13%	0.34%	0.13%
BALL	C	0.05%	0.08%	0.05%
BAX	C	0.08%	0.08%	0.08%
BBY	B	0.16%	0.09%	0.09%
BC	C	0.03%	0.02%	0.02%
BDX	F	0.17%	0.28%	0.17%
BEN	F	0.03%	0.02%	0.02%
BERY	B	0.07%	0.03%	0.03%
BG	D	0.15%	0.06%	0.06%
BIIB	F	0.07%	0.12%	0.07%
BJ	D	0.05%	0.04%	0.04%
BKNG	B	0.33%	0.03%	0.03%
BKR	D	0.14%	0.14%	0.14%
BLDR	C	0.12%	0.08%	0.08%
BMY	C	0.58%	0.41%	0.41%
BR	D	0.04%	0.01%	0.01%
BRK.A	C	3.06%	3.5%	3.06%
BRO	C	0.03%	0.06%	0.03%
BSX	B	0.11%	0.48%	0.11%
BWA	D	0.05%	0.03%	0.03%
CACI	B	0.03%	0.04%	0.03%
CAG	B	0.08%	0.06%	0.06%
CAH	C	0.48%	0.04%	0.04%
CAR	F	0.05%	0.0%	0.0%
CARR	B	0.11%	0.2%	0.11%
CASY	D	0.05%	0.04%	0.04%
CAT	C	0.42%	0.6%	0.42%
CB	B	0.47%	0.46%	0.46%
CBOE	C	0.04%	0.09%	0.04%
CBRE	A	0.13%	0.14%	0.13%
CCK	A	0.05%	0.04%	0.04%
CCL	C	0.08%	0.07%	0.07%
CDW	D	0.07%	0.06%	0.06%
CE	D	0.05%	0.04%	0.04%
CEG	C	0.03%	0.21%	0.03%
CF	B	0.09%	0.06%	0.06%
CHD	C	0.04%	0.1%	0.04%
CHK	D	0.07%	0.04%	0.04%
CHRD	F	0.04%	0.04%	0.04%
CHRW	B	0.08%	0.05%	0.05%
CHTR	D	0.3%	0.13%	0.13%
CI	C	0.75%	0.37%	0.37%
CINF	B	0.09%	0.08%	0.08%
CIVI	F	0.04%	0.02%	0.02%
CL	C	0.15%	0.16%	0.15%
CLF	F	0.05%	0.02%	0.02%
CMCSA	D	1.09%	0.62%	0.62%
CMI	C	0.14%	0.17%	0.14%
CMS	A	0.07%	0.08%	0.07%
CNC	C	0.41%	0.17%	0.17%
CNM	F	0.02%	0.01%	0.01%
CNP	C	0.09%	0.07%	0.07%
COHR	B	0.04%	0.04%	0.04%
COP	D	0.67%	0.54%	0.54%
CPB	B	0.04%	0.04%	0.04%
CPRI	D	0.04%	0.02%	0.02%
CPRT	D	0.03%	0.01%	0.01%
CRM	D	0.41%	0.14%	0.14%
CSCO	B	0.67%	0.82%	0.67%
CSGP	D	0.03%	0.13%	0.03%
CSL	C	0.04%	0.07%	0.04%
CSX	D	0.22%	0.27%	0.22%
CTAS	C	0.06%	0.01%	0.01%
CTRA	F	0.11%	0.07%	0.07%
CTSH	C	0.14%	0.16%	0.14%
CTVA	B	0.13%	0.16%	0.13%
CVS	D	1.08%	0.29%	0.29%
CVX	D	1.52%	1.02%	1.02%
CZR	C	0.05%	0.03%	0.03%
DAL	C	0.04%	0.11%	0.04%
DAR	F	0.03%	0.03%	0.03%
DASH	C	0.05%	0.02%	0.02%
DD	B	0.15%	0.14%	0.14%
DE	B	0.38%	0.39%	0.38%
DELL	D	0.19%	0.1%	0.1%
DG	F	0.08%	0.07%	0.07%
DGX	B	0.07%	0.07%	0.07%
DHI	B	0.21%	0.22%	0.21%
DHR	B	0.27%	0.72%	0.27%
DINO	D	0.11%	0.03%	0.03%
DIS	D	0.47%	0.67%	0.47%
DKS	D	0.07%	0.05%	0.05%
DLTR	F	0.06%	0.07%	0.06%
DOV	B	0.05%	0.1%	0.05%
DOW	D	0.22%	0.15%	0.15%
DOX	C	0.04%	0.04%	0.04%
DRI	C	0.06%	0.04%	0.04%
DTE	B	0.11%	0.1%	0.1%
DVN	F	0.13%	0.11%	0.11%
DXC	C	0.08%	0.02%	0.02%
EA	D	0.09%	0.16%	0.09%
EBAY	B	0.13%	0.12%	0.12%
ECL	B	0.08%	0.03%	0.03%
ED	C	0.16%	0.14%	0.14%
EFX	C	0.05%	0.12%	0.05%
EG	B	0.1%	0.06%	0.06%
EL	F	0.06%	0.05%	0.05%
ELAN	D	0.02%	0.03%	0.02%
ELV	C	0.56%	0.44%	0.44%
EME	B	0.04%	0.04%	0.04%
EMN	B	0.06%	0.05%	0.05%
EMR	D	0.12%	0.24%	0.12%
EOG	D	0.32%	0.3%	0.3%
EQIX	B	0.1%	0.3%	0.1%
EQT	D	0.07%	0.07%	0.07%
ETN	C	0.14%	0.49%	0.14%
EW	F	0.05%	0.14%	0.05%
EXC	B	0.18%	0.15%	0.15%
EXPD	B	0.09%	0.06%	0.06%
F	D	0.56%	0.18%	0.18%
FAF	B	0.04%	0.03%	0.03%
FANG	D	0.16%	0.14%	0.14%
FAST	C	0.06%	0.02%	0.02%
FCX	D	0.12%	0.25%	0.12%
FDX	C	0.38%	0.27%	0.27%
FE	C	0.1%	0.1%	0.1%
FFIV	A	0.03%	0.05%	0.03%
FOXA	B	0.14%	0.04%	0.04%
FSLR	C	0.03%	0.1%	0.03%
FTI	D	0.03%	0.05%	0.03%
FTNT	C	0.06%	0.04%	0.04%
FTV	C	0.06%	0.1%	0.06%
FYBR	C	0.04%	0.03%	0.03%
GAP	F	0.03%	0.02%	0.02%
GD	B	0.21%	0.33%	0.21%
GE	B	0.41%	0.6%	0.41%
GEHC	C	0.07%	0.13%	0.07%
GILD	B	0.37%	0.4%	0.37%
GIS	B	0.16%	0.16%	0.16%
GLW	B	0.12%	0.13%	0.12%
GM	B	0.83%	0.23%	0.23%
GPC	D	0.07%	0.08%	0.07%
GPK	B	0.04%	0.04%	0.04%
GRMN	D	0.05%	0.11%	0.05%
GWW	B	0.08%	0.02%	0.02%
GXO	D	0.03%	0.02%	0.02%
H	C	0.04%	0.02%	0.02%
HAL	F	0.09%	0.11%	0.09%
HAS	B	0.03%	0.0%	0.0%
HCA	B	0.27%	0.23%	0.23%
HD	B	0.88%	0.3%	0.3%
HES	D	0.08%	0.05%	0.05%
HIG	A	0.19%	0.14%	0.14%
HII	C	0.04%	0.04%	0.04%
HLT	B	0.09%	0.11%	0.09%
HOG	C	0.03%	0.02%	0.02%
HOLX	B	0.05%	0.08%	0.05%
HON	D	0.3%	0.46%	0.3%
HPE	D	0.17%	0.1%	0.1%
HPQ	D	0.17%	0.11%	0.11%
HRB	C	0.03%	0.03%	0.03%
HRL	C	0.06%	0.04%	0.04%
HSIC	C	0.04%	0.04%	0.04%
HST	D	0.04%	0.05%	0.04%
HSY	C	0.08%	0.1%	0.08%
HUBB	B	0.03%	0.09%	0.03%
HUM	F	0.32%	0.17%	0.17%
HUN	D	0.03%	0.01%	0.01%
HWM	B	0.04%	0.15%	0.04%
IAC	C	0.02%	0.02%	0.02%
IBM	B	0.54%	0.74%	0.54%
IFF	B	0.09%	0.11%	0.09%
ILMN	C	0.03%	0.08%	0.03%
INGR	A	0.04%	0.04%	0.04%
INTC	F	0.35%	0.38%	0.35%
IP	B	0.12%	0.07%	0.07%
IPG	C	0.05%	0.05%	0.05%
IQV	C	0.09%	0.16%	0.09%
IR	C	0.05%	0.15%	0.05%
IRM	B	0.06%	0.06%	0.06%
ITW	B	0.14%	0.19%	0.14%
J	D	0.07%	0.08%	0.07%
JAZZ	D	0.03%	0.03%	0.03%
JBHT	D	0.05%	0.06%	0.05%
JBL	D	0.09%	0.05%	0.05%
JCI	B	0.15%	0.17%	0.15%
JHG	B	0.03%	0.02%	0.02%
JLL	B	0.07%	0.03%	0.03%
JNJ	B	1.04%	1.61%	1.04%
JNPR	A	0.05%	0.05%	0.05%
K	A	0.09%	0.08%	0.08%
KD	D	0.03%	0.02%	0.02%
KDP	A	0.14%	0.16%	0.14%
KEYS	C	0.05%	0.11%	0.05%
KHC	C	0.27%	0.13%	0.13%
KMB	D	0.12%	0.11%	0.11%
KMI	A	0.23%	0.17%	0.17%
KMX	D	0.08%	0.05%	0.05%
KNX	C	0.05%	0.03%	0.03%
KO	B	0.52%	0.48%	0.48%
KR	B	0.35%	0.14%	0.14%
KSS	F	0.05%	0.01%	0.01%
LAD	C	0.06%	0.03%	0.03%
LBRDK	D	0.04%	0.02%	0.02%
LDOS	C	0.06%	0.09%	0.06%
LEA	D	0.06%	0.03%	0.03%
LEN	B	0.22%	0.18%	0.18%
LEN	B	0.22%	0.01%	0.01%
LHX	D	0.14%	0.18%	0.14%
LIN	B	0.42%	0.92%	0.42%
LKQ	D	0.06%	0.04%	0.04%
LMT	C	0.53%	0.33%	0.33%
LNG	D	0.22%	0.08%	0.08%
LOW	B	0.46%	0.57%	0.46%
LUV	C	0.03%	0.07%	0.03%
LYB	F	0.15%	0.1%	0.1%
M	F	0.05%	0.02%	0.02%
MAN	C	0.04%	0.01%	0.01%
MAR	C	0.14%	0.22%	0.14%
MAS	B	0.04%	0.07%	0.04%
MCD	C	0.3%	0.78%	0.3%
MCHP	D	0.09%	0.17%	0.09%
MCK	F	0.54%	0.17%	0.17%
MDLZ	B	0.27%	0.39%	0.27%
MDT	C	0.38%	0.47%	0.38%
MGM	D	0.07%	0.04%	0.04%
MHK	B	0.05%	0.03%	0.03%
MKC	B	0.05%	0.08%	0.05%
MKL	C	0.1%	0.06%	0.06%
MLM	D	0.05%	0.12%	0.05%
MMC	C	0.19%	0.39%	0.19%
MMM	B	0.29%	0.24%	0.24%
MNST	C	0.04%	0.03%	0.03%
MO	C	0.35%	0.37%	0.35%
MOH	C	0.08%	0.03%	0.03%
MOS	F	0.09%	0.04%	0.04%
MPC	D	0.7%	0.25%	0.25%
MRNA	F	0.04%	0.1%	0.04%
MRO	D	0.14%	0.07%	0.07%
MRVL	C	0.08%	0.24%	0.08%
MSCI	C	0.04%	0.08%	0.04%
MSI	C	0.08%	0.15%	0.08%
MTD	D	0.03%	0.12%	0.03%
MTDR	D	0.03%	0.02%	0.02%
MTN	D	0.03%	0.0%	0.0%
MU	F	0.16%	0.43%	0.16%
NDAQ	B	0.05%	0.12%	0.05%
NEM	B	0.17%	0.25%	0.17%
NFG	B	0.03%	0.02%	0.02%
NKE	D	0.29%	0.15%	0.15%
NOC	B	0.23%	0.29%	0.23%
NOV	D	0.02%	0.03%	0.02%
NRG	C	0.06%	0.04%	0.04%
NSC	C	0.17%	0.23%	0.17%
NTAP	D	0.06%	0.06%	0.06%
NUE	F	0.21%	0.15%	0.15%
NVR	B	0.08%	0.11%	0.08%
NWL	D	0.03%	0.01%	0.01%
NWSA	D	0.06%	0.04%	0.04%
NXST	D	0.04%	0.01%	0.01%
OC	C	0.06%	0.06%	0.06%
OKE	B	0.15%	0.22%	0.15%
OLN	D	0.04%	0.02%	0.02%
OMC	A	0.07%	0.08%	0.07%
OMF	C	0.05%	0.02%	0.02%
ON	D	0.06%	0.13%	0.06%
ORI	A	0.07%	0.04%	0.04%
ORLY	B	0.13%	0.02%	0.02%
OSK	D	0.03%	0.03%	0.03%
OTIS	D	0.05%	0.15%	0.05%
OVV	D	0.08%	0.05%	0.05%
OXY	F	0.3%	0.15%	0.15%
PARA	F	0.1%	0.03%	0.03%
PAYX	C	0.06%	0.11%	0.06%
PCAR	D	0.16%	0.2%	0.16%
PENN	D	0.04%	0.01%	0.01%
PEP	C	0.49%	0.2%	0.2%
PFE	C	0.77%	0.66%	0.66%
PFGC	B	0.1%	0.04%	0.04%
PG	C	0.83%	1.26%	0.83%
PGR	A	0.31%	0.09%	0.09%
PH	B	0.13%	0.31%	0.13%
PHM	B	0.11%	0.11%	0.11%
PII	D	0.03%	0.02%	0.02%
PKG	B	0.06%	0.07%	0.06%
PM	C	0.38%	0.77%	0.38%
POST	C	0.04%	0.02%	0.02%
PPG	C	0.08%	0.12%	0.08%
PPL	C	0.09%	0.09%	0.09%
PR	D	0.03%	0.03%	0.03%
PRGO	D	0.03%	0.02%	0.02%
PSA	B	0.15%	0.18%	0.15%
PSX	D	0.47%	0.24%	0.24%
PVH	F	0.04%	0.02%	0.02%
PWR	B	0.06%	0.11%	0.06%
PYPL	B	0.28%	0.3%	0.28%
QCOM	D	0.32%	0.05%	0.05%
QRVO	F	0.04%	0.04%	0.04%
R	B	0.07%	0.03%	0.03%
RCL	B	0.08%	0.1%	0.08%
REGN	C	0.23%	0.46%	0.23%
RGA	B	0.1%	0.06%	0.06%
RH	B	0.03%	0.01%	0.01%
RHI	D	0.03%	0.03%	0.03%
RL	B	0.04%	0.03%	0.03%
RMD	C	0.04%	0.1%	0.04%
RNR	B	0.06%	0.05%	0.05%
ROK	D	0.05%	0.11%	0.05%
ROP	C	0.08%	0.24%	0.08%
ROST	C	0.12%	0.15%	0.12%
RPM	B	0.04%	0.05%	0.04%
RRC	D	0.03%	0.03%	0.03%
RRX	C	0.04%	0.04%	0.04%
RS	D	0.07%	0.07%	0.07%
RSG	D	0.08%	0.17%	0.08%
RTX	C	0.7%	0.66%	0.66%
SAIC	C	0.03%	0.03%	0.03%
SBAC	C	0.04%	0.1%	0.04%
SBUX	C	0.21%	0.1%	0.1%
SCI	B	0.04%	0.04%	0.04%
SHW	B	0.14%	0.03%	0.03%
SJM	C	0.07%	0.05%	0.05%
SKX	C	0.04%	0.03%	0.03%
SLB	F	0.17%	0.25%	0.17%
SNA	B	0.05%	0.06%	0.05%
SNX	D	0.11%	0.04%	0.04%
SON	C	0.03%	0.02%	0.02%
SQ	D	0.08%	0.09%	0.08%
SSNC	B	0.05%	0.06%	0.05%
STE	C	0.05%	0.1%	0.05%
STLD	D	0.1%	0.07%	0.07%
STZ	C	0.11%	0.15%	0.11%
SW	B	0.07%	0.05%	0.05%
SWK	B	0.09%	0.06%	0.06%
SWKS	F	0.06%	0.07%	0.06%
SWN	D	0.05%	0.03%	0.03%
SYK	C	0.15%	0.37%	0.15%
SYY	D	0.2%	0.06%	0.06%
T	B	1.37%	0.57%	0.57%
TAP	C	0.08%	0.04%	0.04%
TDG	B	0.05%	0.24%	0.05%
TDY	C	0.04%	0.08%	0.04%
TER	D	0.03%	0.01%	0.01%
TGT	C	0.32%	0.29%	0.29%
THC	B	0.08%	0.06%	0.06%
THO	D	0.04%	0.02%	0.02%
TJX	C	0.29%	0.22%	0.22%
TMO	C	0.39%	0.94%	0.39%
TMUS	C	0.35%	0.39%	0.35%
TOL	B	0.07%	0.06%	0.06%
TPG	B	0.04%	0.01%	0.01%
TPR	C	0.05%	0.04%	0.04%
TROW	D	0.07%	0.09%	0.07%
TRV	B	0.28%	0.21%	0.21%
TSN	C	0.19%	0.07%	0.07%
TT	B	0.11%	0.22%	0.11%
TTWO	D	0.03%	0.11%	0.03%
TW	A	0.03%	0.03%	0.03%
TWLO	D	0.04%	0.04%	0.04%
TXN	C	0.28%	0.69%	0.28%
TXT	D	0.08%	0.07%	0.07%
UAL	B	0.04%	0.06%	0.04%
UGI	C	0.05%	0.02%	0.02%
UHS	B	0.08%	0.06%	0.06%
ULTA	D	0.06%	0.01%	0.01%
UNH	C	1.67%	2.03%	1.67%
UNP	B	0.29%	0.33%	0.29%
UPS	D	0.44%	0.38%	0.38%
URI	B	0.12%	0.15%	0.12%
USFD	B	0.09%	0.05%	0.05%
UTHR	C	0.04%	0.06%	0.04%
VFC	C	0.05%	0.03%	0.03%
VLO	D	0.48%	0.19%	0.19%
VMC	D	0.05%	0.1%	0.05%
VRSN	D	0.03%	0.06%	0.03%
VRTX	D	0.12%	0.26%	0.12%
VTRS	C	0.13%	0.06%	0.06%
VZ	B	1.25%	0.71%	0.71%
WAB	A	0.06%	0.12%	0.06%
WBA	F	0.14%	0.03%	0.03%
WBD	D	0.21%	0.08%	0.08%
WCC	C	0.04%	0.03%	0.03%
WDC	D	0.04%	0.09%	0.04%
WHR	D	0.06%	0.02%	0.02%
WMT	B	1.24%	1.35%	1.24%
WRB	C	0.08%	0.07%	0.07%
WSC	D	0.03%	0.02%	0.02%
WSM	C	0.04%	0.03%	0.03%
WSO	C	0.03%	0.07%	0.03%
WST	D	0.03%	0.04%	0.03%
WTW	B	0.1%	0.12%	0.1%
WU	D	0.03%	0.01%	0.01%
WY	C	0.07%	0.09%	0.07%
X	D	0.08%	0.03%	0.03%
XEL	A	0.17%	0.14%	0.14%
XOM	D	2.35%	2.12%	2.12%
XYL	D	0.04%	0.13%	0.04%
YUM	D	0.03%	0.09%	0.03%
ZBH	F	0.07%	0.09%	0.07%
ZM	C	0.05%	0.07%	0.05%
ZTS	B	0.1%	0.06%	0.06%

IUS Overweight 108 Positions Relative to VONV

Symbol	Grade	Weight
AAPL	D	4.9%
GOOGL	D	3.28%
MSFT	C	2.83%
META	A	2.08%
AMZN	C	1.94%
NVDA	D	0.76%
COST	C	0.75%
V	B	0.73%
AVGO	C	0.7%
MRK	D	0.5%
TSLA	C	0.49%
MA	B	0.45%
ADBE	D	0.33%
LUMN	C	0.32%
ORCL	B	0.31%
NFLX	B	0.28%
LLY	C	0.28%
BX	B	0.21%
INTU	D	0.19%
WM	D	0.16%
LRCX	F	0.14%
TEL	D	0.13%
UBER	C	0.12%
KLAC	D	0.12%
ISRG	C	0.12%
MELI	B	0.11%
TRGP	B	0.11%
EXPE	C	0.11%
ABNB	D	0.11%
NOW	A	0.1%
FLEX	C	0.09%
VRSK	D	0.09%
SNEX	C	0.09%
VST	C	0.09%
UNFI	C	0.08%
PBF	F	0.07%
ADSK	B	0.07%
WCN	D	0.07%
MCO	A	0.07%
TX	D	0.07%
SATS	B	0.06%
ZIM	C	0.06%
WDAY	D	0.06%
SNPS	D	0.06%
MUSA	C	0.06%
PANW	D	0.06%
TSCO	C	0.06%
CMG	C	0.05%
LVS	D	0.05%
GPI	B	0.05%
ODFL	C	0.05%
CPAY	B	0.05%
CPNG	B	0.05%
DVA	B	0.05%
BECN	D	0.04%
MUR	D	0.04%
ANDE	D	0.04%
BTU	D	0.04%
FLR	D	0.04%
TDS	C	0.04%
CMC	D	0.04%
CNX	A	0.04%
ABG	F	0.04%
ANET	B	0.04%
IT	B	0.04%
NCLH	C	0.04%
LULU	D	0.04%
STX	D	0.04%
CDNS	D	0.04%
KBH	B	0.04%
BURL	B	0.04%
CLX	C	0.04%
TMHC	B	0.04%
LPLA	D	0.04%
GDDY	C	0.04%
ADNT	F	0.03%
SNOW	F	0.03%
BCC	C	0.03%
CVI	F	0.03%
SM	D	0.03%
TNET	D	0.03%
TGNA	C	0.03%
DK	F	0.03%
VVV	D	0.03%
APP	B	0.03%
DECK	C	0.03%
ASO	C	0.03%
POOL	C	0.03%
HTZ	D	0.03%
OGS	B	0.03%
NSIT	C	0.03%
MTH	B	0.03%
UFPI	C	0.03%
ALV	F	0.03%
NU	B	0.03%
GT	F	0.03%
BAH	B	0.03%
LYV	B	0.03%
ATKR	F	0.02%
DXCM	F	0.02%
AMR	F	0.02%
DAN	F	0.02%
ODP	F	0.02%
ARCH	F	0.02%
SIG	C	0.02%
PINS	F	0.02%
HP	D	0.02%
XRX	F	0.02%

IUS Underweight 405 Positions Relative to VONV

Symbol	Grade	Weight
JPM	D	-2.59%
BAC	D	-1.11%
WFC	D	-0.82%
NEE	B	-0.66%
SPGI	B	-0.64%
BLK	A	-0.53%
C	D	-0.48%
ADI	D	-0.47%
GS	D	-0.47%
PLD	C	-0.47%
MS	D	-0.45%
SO	B	-0.38%
ICE	B	-0.37%
SCHW	D	-0.35%
DUK	C	-0.35%
USB	B	-0.3%
WELL	B	-0.29%
PNC	B	-0.29%
AFL	B	-0.25%
AJG	C	-0.24%
TFC	D	-0.24%
KKR	B	-0.24%
GEV	B	-0.22%
COF	C	-0.22%
WMB	B	-0.22%
AIG	D	-0.21%
SRE	B	-0.21%
AEP	B	-0.21%
O	B	-0.21%
CCI	B	-0.2%
DLR	B	-0.2%
BK	A	-0.2%
MET	A	-0.19%
FIS	B	-0.19%
D	C	-0.19%
KVUE	B	-0.17%
PCG	C	-0.17%
PRU	C	-0.17%
PEG	B	-0.16%
SPG	B	-0.16%
EXR	B	-0.15%
DFS	C	-0.14%
VICI	C	-0.14%
AVB	B	-0.13%
EIX	C	-0.13%
FITB	B	-0.12%
WEC	B	-0.12%
STT	A	-0.11%
AWK	A	-0.11%
GPN	D	-0.11%
EQR	B	-0.11%
MTB	B	-0.11%
ES	C	-0.1%
FCNCA	D	-0.1%
VTR	C	-0.1%
ETR	A	-0.1%
RF	B	-0.09%
HBAN	B	-0.09%
AEE	B	-0.09%
INVH	C	-0.09%
RJF	C	-0.09%
MAA	B	-0.08%
PFG	B	-0.08%
ESS	B	-0.08%
MSTR	D	-0.08%
ATO	B	-0.08%
CFG	D	-0.08%
SYF	C	-0.08%
ARE	B	-0.08%
SUI	B	-0.07%
BMRN	F	-0.07%
TRU	B	-0.07%
NTRS	B	-0.07%
TRMB	C	-0.06%
ZBRA	B	-0.06%
GGG	C	-0.06%
NDSN	C	-0.06%
UDR	B	-0.06%
PNR	B	-0.06%
NI	B	-0.06%
L	B	-0.06%
LNT	A	-0.06%
APO	C	-0.06%
VLTO	C	-0.06%
FNF	A	-0.06%
KIM	B	-0.06%
IEX	D	-0.06%
RBA	C	-0.06%
KEY	B	-0.06%
DOC	C	-0.06%
NVT	D	-0.05%
RPRX	C	-0.05%
INCY	C	-0.05%
ITT	C	-0.05%
BLD	D	-0.05%
TECH	C	-0.05%
TFX	C	-0.05%
EWBC	C	-0.05%
CUBE	B	-0.05%
RIVN	F	-0.05%
BXP	B	-0.05%
CW	B	-0.05%
ALLE	B	-0.05%
JKHY	B	-0.05%
CLH	B	-0.05%
CPT	B	-0.05%
WPC	B	-0.05%
EVRG	A	-0.05%
REG	C	-0.05%
HOOD	C	-0.05%
IBKR	B	-0.05%
ELS	C	-0.05%
AMH	C	-0.05%
GLPI	B	-0.05%
DCI	D	-0.04%
SF	A	-0.04%
WAL	B	-0.04%
CG	C	-0.04%
EVR	B	-0.04%
NYT	C	-0.04%
SOLV	C	-0.04%
EGP	B	-0.04%
MKTX	C	-0.04%
CNH	C	-0.04%
FHN	D	-0.04%
PRI	B	-0.04%
EHC	B	-0.04%
RGLD	B	-0.04%
DPZ	F	-0.04%
FRT	C	-0.04%
TTC	D	-0.04%
GL	C	-0.04%
OHI	A	-0.04%
WTRG	D	-0.04%
MTCH	C	-0.04%
WWD	D	-0.04%
TTEK	C	-0.04%
PNW	B	-0.04%
AFRM	C	-0.04%
CRL	D	-0.04%
QGEN	B	-0.04%
ATR	B	-0.04%
ALLY	F	-0.04%
CVNA	B	-0.04%
FDS	C	-0.04%
EPAM	D	-0.04%
UNM	B	-0.04%
REXR	C	-0.04%
NTNX	C	-0.04%
CTLT	B	-0.04%
IVZ	C	-0.03%
GME	F	-0.03%
FICO	A	-0.03%
WMS	D	-0.03%
LSTR	D	-0.03%
MAT	C	-0.03%
BIO	C	-0.03%
FLS	D	-0.03%
CGNX	D	-0.03%
BPOP	C	-0.03%
Z	B	-0.03%
PB	B	-0.03%
CFR	C	-0.03%
LFUS	D	-0.03%
GWRE	A	-0.03%
SNV	C	-0.03%
OKTA	F	-0.03%
XP	D	-0.03%
MSA	C	-0.03%
MTG	B	-0.03%
EXAS	C	-0.03%
SEIC	B	-0.03%
BFAM	C	-0.03%
G	C	-0.03%
BBWI	F	-0.03%
SOFI	C	-0.03%
KEX	C	-0.03%
SSD	C	-0.03%
WTFC	B	-0.03%
MTZ	B	-0.03%
AGNC	A	-0.03%
CROX	C	-0.03%
ZION	D	-0.03%
VOYA	A	-0.03%
RGEN	F	-0.03%
WEX	C	-0.03%
ADC	C	-0.03%
GNTX	F	-0.03%
WYNN	D	-0.03%
ROKU	C	-0.03%
BRBR	B	-0.03%
HLI	B	-0.03%
STAG	C	-0.03%
ACHC	C	-0.03%
BWXT	D	-0.03%
FR	C	-0.03%
MKSI	F	-0.03%
MIDD	C	-0.03%
FND	C	-0.03%
PNFP	B	-0.03%
CRBG	D	-0.03%
CMA	B	-0.03%
DAY	D	-0.03%
CBSH	C	-0.03%
DTM	B	-0.03%
LECO	F	-0.03%
CR	C	-0.03%
JEF	B	-0.03%
ONTO	F	-0.03%
CHE	C	-0.03%
CRUS	D	-0.03%
AYI	B	-0.03%
ATI	C	-0.03%
OGE	B	-0.03%
COKE	C	-0.03%
WAT	C	-0.03%
AXTA	C	-0.03%
FCN	C	-0.03%
FMC	C	-0.03%
TKO	B	-0.03%
APG	D	-0.03%
WBS	C	-0.03%
ALSN	B	-0.03%
GMED	D	-0.03%
LAMR	A	-0.03%
BRX	B	-0.03%
COLD	D	-0.03%
CIEN	C	-0.03%
PTC	D	-0.03%
KBR	D	-0.03%
RBC	C	-0.03%
NNN	B	-0.03%
TYL	C	-0.02%
MSM	D	-0.02%
KMPR	D	-0.02%
LITE	B	-0.02%
NEU	D	-0.02%
LSXMK	D	-0.02%
W	D	-0.02%
AMP	B	-0.02%
SITE	D	-0.02%
DOCS	B	-0.02%
BYD	C	-0.02%
UHAL	B	-0.02%
SAIA	D	-0.02%
DLB	D	-0.02%
BILL	D	-0.02%
KRC	B	-0.02%
AGO	C	-0.02%
CUZ	B	-0.02%
FRPT	B	-0.02%
SLGN	B	-0.02%
FLO	C	-0.02%
DBX	D	-0.02%
PSN	B	-0.02%
OLED	C	-0.02%
ASH	D	-0.02%
ALK	C	-0.02%
S	C	-0.02%
RYN	C	-0.02%
GFS	F	-0.02%
OZK	D	-0.02%
WTM	F	-0.02%
EEFT	D	-0.02%
GNRC	D	-0.02%
ZG	B	-0.02%
AL	D	-0.02%
SEE	D	-0.02%
SLM	C	-0.02%
WLK	D	-0.02%
FOX	B	-0.02%
SN	B	-0.02%
IDA	B	-0.02%
MDU	B	-0.02%
XRAY	D	-0.02%
HXL	F	-0.02%
THG	A	-0.02%
COLB	B	-0.02%
FNB	D	-0.02%
VNT	D	-0.02%
TKR	D	-0.02%
OLLI	C	-0.02%
SRCL	A	-0.02%
LNC	D	-0.02%
WH	B	-0.02%
VMI	D	-0.02%
OGN	D	-0.02%
ST	D	-0.02%
COIN	F	-0.02%
ESAB	C	-0.02%
RLI	B	-0.02%
ESI	D	-0.02%
VNO	B	-0.02%
LW	D	-0.02%
MTSI	D	-0.02%
STWD	A	-0.02%
AXS	B	-0.02%
SNDR	B	-0.01%
LYFT	D	-0.01%
CERT	F	-0.01%
WEN	C	-0.01%
TRIP	F	-0.01%
INFA	D	-0.01%
LEG	D	-0.01%
MP	D	-0.01%
UAA	C	-0.01%
REYN	C	-0.01%
BROS	D	-0.01%
PPC	D	-0.01%
AZEK	C	-0.01%
GO	F	-0.01%
ALGM	F	-0.01%
VSTS	D	-0.01%
FTRE	F	-0.01%
LPX	B	-0.01%
PSTG	F	-0.01%
SHC	B	-0.01%
IPGP	F	-0.01%
SAM	F	-0.01%
BIRK	D	-0.01%
QS	F	-0.01%
GLOB	D	-0.01%
ADTN	F	-0.01%
HAYW	C	-0.01%
EXP	B	-0.01%
RCM	C	-0.01%
ETSY	F	-0.01%
JWN	B	-0.01%
HHH	C	-0.01%
CRI	C	-0.01%
BOKF	B	-0.01%
YETI	D	-0.01%
PINC	C	-0.01%
MASI	D	-0.01%
AGR	B	-0.01%
VIRT	B	-0.01%
ENOV	F	-0.01%
CWEN	B	-0.01%
BRKR	D	-0.01%
VAC	F	-0.01%
MPW	C	-0.01%
CC	F	-0.01%
COLM	B	-0.01%
AZTA	D	-0.01%
U	D	-0.01%
RKT	B	-0.01%
SPB	B	-0.01%
CLVT	D	-0.01%
IRDM	D	-0.01%
BHF	D	-0.01%
LOPE	D	-0.01%
CACC	D	-0.01%
SMG	C	-0.01%
TNL	D	-0.01%
PAYC	D	-0.01%
ZI	D	-0.01%
FHB	C	-0.01%
AM	B	-0.01%
AMED	C	-0.01%
PAG	D	-0.01%
NVST	D	-0.01%
PK	D	-0.01%
PLNT	A	-0.01%
NWS	D	-0.01%
NSA	B	-0.01%
HIW	B	-0.01%
EPR	B	-0.01%
MSGS	B	-0.01%
LCID	C	-0.01%
SPR	D	-0.01%
CNXC	D	-0.01%
DNB	C	-0.01%
AWI	B	-0.01%
COTY	F	-0.01%
ALNY	B	-0.01%
GTES	C	-0.01%
UHAL	B	-0.0%
SEG	C	-0.0%
UWMC	C	-0.0%
NFE	F	-0.0%
DJT	F	-0.0%
UI	B	-0.0%
IONS	F	-0.0%
LBRDA	D	-0.0%
PLTK	C	-0.0%
CHH	C	-0.0%
CACC	D	-0.0%
SIRI	C	-0.0%
TFSL	C	-0.0%
PATH	D	-0.0%
HCP	A	-0.0%
CWEN	B	-0.0%
SEB	C	-0.0%
TXG	D	-0.0%
FIVE	D	-0.0%
LSCC	D	-0.0%
PYCR	D	-0.0%
NCNO	D	-0.0%
DDS	D	-0.0%
AMC	D	-0.0%
CNA	C	-0.0%
UA	C	-0.0%
WOLF	F	-0.0%
EXEL	B	-0.0%
DV	F	-0.0%