IUSV vs. FELV ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Fidelity Enhanced Large Cap Value ETF (FELV)

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. 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. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$97.08

Average Daily Volume

508,063

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$31.96

Average Daily Volume

103,538

Number of Holdings ^*

323

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	FELV
30 Days	0.67%	1.74%
60 Days	3.93%	5.55%
90 Days	6.09%	7.67%
12 Months	26.22%

243 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in FELV	Overlap
	A	F	0.18%	0.09%	0.09%
	ABBV	F	0.97%	0.88%	0.88%
	ABT	C	0.87%	0.52%	0.52%
	ACN	B	0.45%	0.34%	0.34%
	ADI	D	0.2%	0.04%	0.04%
	ADM	F	0.11%	0.1%	0.1%
	ADP	A	0.33%	0.11%	0.11%
	AEP	D	0.22%	0.08%	0.08%
	AES	F	0.04%	0.16%	0.04%
	AIZ	A	0.05%	0.1%	0.05%
	ALL	B	0.22%	0.18%	0.18%
	ALLE	D	0.03%	0.53%	0.03%
	AM	B	0.01%	0.11%	0.01%
	AME	A	0.1%	0.16%	0.1%
	AMGN	F	0.75%	0.17%	0.17%
	AMH	C	0.02%	0.11%	0.02%
	AMT	F	0.24%	0.1%	0.1%
	ANSS	B	0.06%	0.01%	0.01%
	AON	B	0.18%	0.59%	0.18%
	ARW	F	0.03%	0.06%	0.03%
	AXP	B	0.21%	0.2%	0.2%
	AYI	A	0.02%	0.02%	0.02%
	BAC	A	1.32%	1.71%	1.32%
	BAX	F	0.08%	0.08%	0.08%
	BBY	C	0.08%	0.14%	0.08%
	BDX	F	0.29%	0.69%	0.29%
	BERY	D	0.03%	0.02%	0.02%
	BIIB	F	0.11%	0.33%	0.11%
	BK	B	0.25%	0.62%	0.25%
	BKH	A	0.02%	0.11%	0.02%
	BKR	B	0.19%	0.1%	0.1%
	BMRN	F	0.02%	0.12%	0.02%
	BMY	B	0.48%	0.92%	0.48%
	BRK.A	B	3.67%	3.54%	3.54%
	BRX	A	0.02%	0.34%	0.02%
	BSX	A	0.25%	0.18%	0.18%
	C	B	0.57%	0.27%	0.27%
	CACI	C	0.03%	0.58%	0.03%
	CAH	B	0.13%	0.3%	0.13%
	CAT	B	0.36%	0.55%	0.36%
	CCI	F	0.2%	0.55%	0.2%
	CCK	D	0.03%	0.18%	0.03%
	CCL	B	0.03%	0.13%	0.03%
	CEG	D	0.18%	0.18%	0.18%
	CI	D	0.39%	0.63%	0.39%
	CINF	A	0.1%	0.27%	0.1%
	CL	F	0.2%	0.51%	0.2%
	CLX	A	0.09%	0.24%	0.09%
	CMCSA	B	0.74%	1.14%	0.74%
	CME	B	0.22%	0.56%	0.22%
	CMI	A	0.21%	0.33%	0.21%
	CNC	F	0.14%	0.23%	0.14%
	CNO	B	0.02%	0.09%	0.02%
	CNP	B	0.08%	0.14%	0.08%
	COF	B	0.31%	0.48%	0.31%
	COP	C	0.18%	0.54%	0.18%
	CRUS	F	0.01%	0.1%	0.01%
	CSCO	A	1.02%	1.07%	1.02%
	CSGP	F	0.08%	0.04%	0.04%
	CSX	B	0.15%	0.37%	0.15%
	CTAS	B	0.15%	0.54%	0.15%
	CTRA	B	0.03%	0.05%	0.03%
	CVS	F	0.31%	0.29%	0.29%
	CVX	A	1.16%	0.51%	0.51%
	CW	C	0.02%	0.06%	0.02%
	CXT	F	0.01%	0.01%	0.01%
	DD	D	0.16%	0.48%	0.16%
	DELL	C	0.08%	0.08%	0.08%
	DFS	B	0.09%	0.05%	0.05%
	DGX	B	0.08%	0.01%	0.01%
	DHR	F	0.69%	0.17%	0.17%
	DIS	B	0.78%	0.7%	0.7%
	DOC	C	0.07%	0.23%	0.07%
	DOCU	B	0.07%	0.3%	0.07%
	DTE	D	0.11%	0.09%	0.09%
	DUK	D	0.37%	0.27%	0.27%
	DVN	F	0.11%	0.34%	0.11%
	EA	A	0.09%	0.06%	0.06%
	ECL	C	0.13%	0.5%	0.13%
	ED	D	0.15%	0.22%	0.15%
	EEFT	C	0.01%	0.12%	0.01%
	EIX	C	0.14%	0.16%	0.14%
	ELV	F	0.43%	0.12%	0.12%
	ENS	D	0.01%	0.11%	0.01%
	EOG	A	0.11%	0.45%	0.11%
	EQIX	B	0.2%	0.2%	0.2%
	EQR	C	0.11%	0.17%	0.11%
	ES	D	0.09%	0.13%	0.09%
	ETN	B	0.24%	0.77%	0.24%
	EVRG	A	0.06%	0.34%	0.06%
	EW	F	0.11%	0.05%	0.05%
	EXC	C	0.17%	0.23%	0.17%
	F	C	0.19%	0.32%	0.19%
	FHI	A	0.01%	0.05%	0.01%
	FLS	B	0.02%	0.25%	0.02%
	FR	D	0.02%	0.27%	0.02%
	GAP	B	0.02%	0.25%	0.02%
	GD	C	0.34%	0.16%	0.16%
	GE	D	0.48%	1.07%	0.48%
	GEHC	D	0.18%	0.16%	0.16%
	GEV	B	0.23%	0.3%	0.23%
	GILD	B	0.53%	0.99%	0.53%
	GIS	F	0.16%	0.05%	0.05%
	GL	B	0.04%	0.27%	0.04%
	GLPI	D	0.03%	0.05%	0.03%
	GLW	B	0.16%	0.02%	0.02%
	GPN	B	0.13%	0.09%	0.09%
	GRMN	A	0.07%	0.09%	0.07%
	GS	B	0.8%	0.34%	0.34%
	HAL	C	0.11%	0.12%	0.11%
	HD	B	1.09%	0.44%	0.44%
	HON	B	0.62%	0.08%	0.08%
	HPE	B	0.12%	0.21%	0.12%
	HUM	D	0.15%	0.1%	0.1%
	HWM	B	0.08%	0.12%	0.08%
	IBM	D	0.86%	0.27%	0.27%
	ICE	C	0.39%	0.18%	0.18%
	IFF	F	0.1%	0.09%	0.09%
	ILMN	C	0.11%	0.17%	0.11%
	INCY	B	0.06%	0.23%	0.06%
	INGR	B	0.03%	0.04%	0.03%
	INTC	C	0.49%	0.85%	0.49%
	IQV	F	0.1%	0.19%	0.1%
	ITW	B	0.17%	0.12%	0.12%
	JCI	A	0.24%	0.22%	0.22%
	JNJ	D	1.64%	1.14%	1.14%
	JPM	A	2.93%	2.81%	2.81%
	KD	A	0.03%	0.09%	0.03%
	KEY	B	0.08%	0.17%	0.08%
	KHC	F	0.13%	0.13%	0.13%
	KMB	D	0.19%	0.13%	0.13%
	KMI	B	0.22%	0.23%	0.22%
	KR	A	0.17%	0.31%	0.17%
	L	A	0.07%	0.34%	0.07%
	LDOS	C	0.11%	0.58%	0.11%
	LH	B	0.09%	0.08%	0.08%
	LHX	B	0.21%	0.43%	0.21%
	LIN	D	0.47%	0.46%	0.46%
	LMT	D	0.51%	0.67%	0.51%
	LOW	B	0.66%	0.07%	0.07%
	LPX	A	0.01%	0.31%	0.01%
	M	C	0.02%	0.01%	0.01%
	MA	B	0.52%	0.28%	0.28%
	MCD	C	0.52%	0.28%	0.28%
	MCK	B	0.34%	0.01%	0.01%
	MDLZ	F	0.22%	0.06%	0.06%
	MDT	D	0.49%	0.39%	0.39%
	MGM	D	0.01%	0.2%	0.01%
	MKC	D	0.08%	0.08%	0.08%
	MMC	D	0.23%	0.38%	0.23%
	MMM	C	0.32%	0.6%	0.32%
	MO	A	0.4%	0.26%	0.26%
	MS	A	0.7%	0.53%	0.53%
	MSCI	B	0.09%	0.19%	0.09%
	MSI	B	0.14%	0.2%	0.14%
	MU	D	0.55%	0.95%	0.55%
	MUR	D	0.01%	0.01%	0.01%
	NEE	D	0.67%	0.78%	0.67%
	NEM	F	0.23%	0.05%	0.05%
	NOC	D	0.31%	0.67%	0.31%
	NSC	B	0.27%	0.58%	0.27%
	NTAP	D	0.07%	0.12%	0.07%
	NUE	D	0.06%	0.36%	0.06%
	NWS	B	0.02%	0.03%	0.02%
	NWSA	B	0.05%	0.06%	0.05%
	OGE	B	0.04%	0.06%	0.04%
	OXY	F	0.15%	0.08%	0.08%
	PCAR	B	0.07%	0.4%	0.07%
	PCG	A	0.19%	0.38%	0.19%
	PEG	C	0.18%	0.1%	0.1%
	PFE	F	0.68%	0.88%	0.68%
	PFG	C	0.08%	0.16%	0.08%
	PG	C	1.02%	1.18%	1.02%
	PGR	A	0.33%	0.35%	0.33%
	PH	A	0.08%	0.12%	0.08%
	PKG	B	0.09%	0.13%	0.09%
	PM	B	0.53%	1.22%	0.53%
	PNC	B	0.35%	0.72%	0.35%
	PNR	A	0.02%	0.18%	0.02%
	PPG	F	0.13%	0.57%	0.13%
	PRU	B	0.19%	0.33%	0.19%
	PSA	D	0.13%	0.51%	0.13%
	PYPL	A	0.36%	0.79%	0.36%
	QCOM	F	0.4%	0.47%	0.4%
	QRVO	F	0.03%	0.11%	0.03%
	REG	A	0.05%	0.07%	0.05%
	RGA	A	0.06%	0.03%	0.03%
	RJF	A	0.13%	0.03%	0.03%
	RSG	B	0.08%	0.65%	0.08%
	RTX	D	0.7%	0.72%	0.7%
	SAM	B	0.01%	0.05%	0.01%
	SCHW	B	0.48%	0.83%	0.48%
	SEIC	A	0.02%	0.57%	0.02%
	SO	D	0.41%	0.07%	0.07%
	SOLV	C	0.05%	0.12%	0.05%
	SON	F	0.02%	0.06%	0.02%
	SPG	A	0.15%	0.18%	0.15%
	SPGI	C	0.39%	0.71%	0.39%
	STLD	C	0.03%	0.48%	0.03%
	STT	B	0.12%	0.14%	0.12%
	SWKS	F	0.06%	0.13%	0.06%
	SYF	B	0.11%	0.03%	0.03%
	SYK	A	0.2%	0.25%	0.2%
	T	A	0.69%	0.98%	0.69%
	TAP	B	0.04%	0.14%	0.04%
	TFC	B	0.27%	0.23%	0.23%
	TFX	F	0.04%	0.03%	0.03%
	TJX	A	0.2%	0.27%	0.2%
	TMHC	B	0.03%	0.19%	0.03%
	TMO	F	0.57%	0.79%	0.57%
	TMUS	A	0.5%	0.55%	0.5%
	TNL	A	0.01%	0.01%	0.01%
	TPR	A	0.05%	0.09%	0.05%
	TRMB	B	0.08%	0.05%	0.05%
	TROW	A	0.12%	0.13%	0.12%
	TRV	B	0.25%	0.27%	0.25%
	TT	B	0.12%	0.52%	0.12%
	TXN	B	0.54%	0.16%	0.16%
	TXT	D	0.07%	0.55%	0.07%
	UHS	D	0.05%	0.13%	0.05%
	UNH	B	1.51%	1.64%	1.51%
	UNM	A	0.04%	0.36%	0.04%
	UNP	D	0.35%	0.76%	0.35%
	UPS	C	0.43%	0.06%	0.06%
	USFD	B	0.07%	0.19%	0.07%
	VICI	D	0.14%	0.24%	0.14%
	VLTO	D	0.11%	0.04%	0.04%
	VMC	B	0.06%	0.28%	0.06%
	VMI	B	0.03%	0.2%	0.03%
	VRTX	B	0.2%	0.1%	0.1%
	VZ	D	0.74%	0.65%	0.65%
	WAB	B	0.15%	0.49%	0.15%
	WBD	B	0.09%	0.09%	0.09%
	WCC	B	0.04%	0.08%	0.04%
	WDC	D	0.1%	0.14%	0.1%
	WFC	A	1.04%	1.01%	1.01%
	WM	A	0.19%	0.25%	0.19%
	WMB	B	0.18%	0.12%	0.12%
	WMT	A	1.59%	1.73%	1.59%
	WTW	A	0.14%	0.26%	0.14%
	XEL	A	0.16%	0.24%	0.16%
	XOM	B	2.35%	2.47%	2.35%
	ZBRA	B	0.09%	0.33%	0.09%

IUSV Overweight 485 Positions Relative to FELV

	Symbol	Grade	Weight
	COST	B	1.02%
	V	A	0.76%
	MRK	F	0.67%
	KO	F	0.66%
	PEP	D	0.63%
	BLK	A	0.63%
	CB	C	0.46%
	PLD	D	0.46%
	WELL	B	0.35%
	USB	B	0.34%
	EMR	A	0.32%
	APD	B	0.3%
	TGT	C	0.3%
	ISRG	A	0.28%
	FDX	B	0.28%
	SLB	C	0.27%
	BA	F	0.27%
	GM	B	0.27%
	SRE	B	0.25%
	FI	A	0.25%
	AFL	C	0.24%
	NKE	F	0.23%
	PSX	C	0.23%
	FIS	B	0.21%
	D	D	0.21%
	MET	C	0.21%
	O	D	0.21%
	AIG	B	0.21%
	DE	D	0.2%
	COR	B	0.19%
	VLO	C	0.19%
	KVUE	A	0.19%
	SHW	A	0.19%
	SBUX	B	0.19%
	CTSH	A	0.18%
	CTVA	C	0.18%
	MCO	C	0.17%
	APH	B	0.17%
	CBRE	B	0.17%
	BX	A	0.16%
	HPQ	B	0.16%
	STZ	D	0.16%
	RMD	C	0.16%
	KDP	C	0.16%
	SYY	D	0.16%
	HIG	C	0.15%
	DOW	F	0.15%
	HCA	D	0.15%
	MTB	A	0.15%
	EXR	D	0.15%
	FCX	F	0.15%
	ROP	A	0.15%
	REGN	F	0.15%
	ZTS	D	0.15%
	ETR	B	0.14%
	AJG	A	0.14%
	FITB	A	0.14%
	ADSK	B	0.14%
	DLR	C	0.14%
	NDAQ	B	0.14%
	AVB	B	0.14%
	ABNB	C	0.14%
	CARR	C	0.14%
	TEL	B	0.13%
	KEYS	C	0.13%
	XYL	F	0.13%
	WEC	B	0.13%
	EBAY	C	0.13%
	SW	B	0.12%
	VTR	C	0.12%
	DOV	A	0.12%
	PAYX	B	0.12%
	UAL	A	0.12%
	EQT	B	0.11%
	OTIS	D	0.11%
	AMP	A	0.11%
	HBAN	A	0.11%
	AWK	D	0.11%
	ATO	B	0.1%
	ZBH	C	0.1%
	TDY	B	0.1%
	LYB	F	0.1%
	WY	F	0.1%
	MPC	D	0.1%
	OKE	A	0.1%
	AEE	B	0.1%
	RF	A	0.1%
	PPL	A	0.1%
	FAST	B	0.1%
	CMS	D	0.09%
	NRG	C	0.09%
	EFX	F	0.09%
	IP	B	0.09%
	OMC	A	0.09%
	CHTR	B	0.09%
	CFG	B	0.09%
	YUM	B	0.09%
	FSLR	F	0.09%
	FE	D	0.09%
	NTRS	A	0.09%
	K	A	0.09%
	DAL	A	0.08%
	ON	F	0.08%
	IEX	B	0.08%
	ARE	F	0.08%
	TSCO	D	0.08%
	VRSK	A	0.08%
	WRB	B	0.08%
	TER	F	0.08%
	J	D	0.08%
	MAA	C	0.08%
	BALL	D	0.08%
	LEN	D	0.08%
	HOLX	D	0.08%
	MTD	F	0.08%
	LUV	B	0.08%
	INVH	D	0.08%
	ESS	C	0.08%
	EXE	A	0.08%
	ORLY	A	0.08%
	NXPI	F	0.07%
	JBHT	C	0.07%
	RVTY	C	0.07%
	EL	F	0.07%
	MNST	B	0.07%
	EG	D	0.07%
	CDW	F	0.07%
	VTRS	B	0.07%
	IDXX	F	0.07%
	HSY	F	0.07%
	NI	A	0.07%
	GEN	B	0.07%
	THC	B	0.07%
	MCHP	F	0.07%
	ROK	B	0.07%
	AVY	F	0.07%
	KIM	A	0.07%
	AZO	B	0.07%
	COHR	C	0.07%
	TSN	B	0.07%
	IRM	D	0.07%
	MRNA	F	0.07%
	DG	F	0.07%
	GPC	D	0.07%
	CHRW	A	0.06%
	JNPR	D	0.06%
	MLM	B	0.06%
	DLTR	F	0.06%
	UDR	C	0.06%
	STX	D	0.06%
	GWW	B	0.06%
	JKHY	C	0.06%
	PFGC	B	0.06%
	CAG	F	0.06%
	HUBB	C	0.06%
	CHD	A	0.06%
	FFIV	B	0.06%
	NDSN	B	0.06%
	SWK	F	0.06%
	SBAC	D	0.06%
	LNT	C	0.06%
	WAT	B	0.06%
	TTWO	A	0.06%
	AMCR	D	0.06%
	PWR	B	0.06%
	FNF	C	0.06%
	APTV	F	0.06%
	ARMK	B	0.05%
	ALLY	C	0.05%
	MKTX	C	0.05%
	FHN	A	0.05%
	EXPD	C	0.05%
	DXCM	C	0.05%
	PODD	B	0.05%
	CRL	C	0.05%
	CTLT	D	0.05%
	BR	A	0.05%
	IPG	F	0.05%
	JEF	B	0.05%
	SF	A	0.05%
	ALB	C	0.05%
	AA	C	0.05%
	BJ	B	0.05%
	TECH	D	0.05%
	COO	D	0.05%
	KMX	B	0.05%
	RRX	B	0.05%
	BXP	D	0.05%
	EMN	D	0.05%
	WPC	F	0.05%
	BG	D	0.05%
	SJM	F	0.05%
	JLL	C	0.05%
	CPT	C	0.05%
	MAS	D	0.04%
	MTCH	F	0.04%
	VRSN	C	0.04%
	IVZ	B	0.04%
	SNV	B	0.04%
	MOH	F	0.04%
	SFM	B	0.04%
	HAS	D	0.04%
	AR	B	0.04%
	SSB	B	0.04%
	TPL	B	0.04%
	ZION	B	0.04%
	AKAM	F	0.04%
	WTFC	B	0.04%
	FRT	B	0.04%
	ORI	A	0.04%
	GPK	D	0.04%
	HSIC	F	0.04%
	MTZ	B	0.04%
	HRL	F	0.04%
	CPB	F	0.04%
	AAL	B	0.04%
	AVTR	F	0.04%
	GME	C	0.04%
	MOS	D	0.04%
	XPO	B	0.04%
	PTC	B	0.04%
	STE	D	0.04%
	GMED	B	0.04%
	DPZ	C	0.04%
	KNX	C	0.04%
	X	D	0.04%
	SNX	C	0.04%
	DRI	B	0.04%
	IR	A	0.04%
	FDS	A	0.04%
	NLY	C	0.04%
	AFG	A	0.04%
	WBS	A	0.04%
	UTHR	B	0.04%
	LAD	B	0.04%
	FOXA	A	0.04%
	PNW	A	0.04%
	LKQ	C	0.04%
	FLR	C	0.04%
	CNH	D	0.04%
	SNA	A	0.04%
	NXST	C	0.03%
	CG	B	0.03%
	FNB	B	0.03%
	BRO	B	0.03%
	THO	B	0.03%
	AGCO	F	0.03%
	KRG	B	0.03%
	WHR	B	0.03%
	FBIN	F	0.03%
	PVH	C	0.03%
	ESNT	D	0.03%
	CIEN	B	0.03%
	ENPH	F	0.03%
	SCI	B	0.03%
	STWD	C	0.03%
	POOL	D	0.03%
	RNR	D	0.03%
	OHI	C	0.03%
	ULTA	C	0.03%
	PAYC	B	0.03%
	HR	C	0.03%
	DAR	B	0.03%
	GBCI	B	0.03%
	CLF	F	0.03%
	COLB	A	0.03%
	FAF	C	0.03%
	EWBC	B	0.03%
	WBA	D	0.03%
	BEN	C	0.03%
	NOV	C	0.03%
	BURL	C	0.03%
	DINO	D	0.03%
	PARA	B	0.03%
	G	B	0.03%
	R	B	0.03%
	ONB	B	0.03%
	LVS	C	0.03%
	CMC	B	0.03%
	ALGN	D	0.03%
	CF	B	0.03%
	BIO	C	0.03%
	JBL	C	0.03%
	OSK	B	0.03%
	ADC	A	0.03%
	IBKR	A	0.03%
	VNO	C	0.03%
	FMC	F	0.03%
	MRO	B	0.03%
	MHK	D	0.03%
	PB	B	0.03%
	CBOE	D	0.03%
	FYBR	D	0.03%
	HII	F	0.03%
	ROL	C	0.03%
	RPM	A	0.03%
	EPAM	B	0.03%
	BWA	B	0.03%
	ACM	B	0.03%
	AOS	F	0.02%
	DTM	A	0.02%
	XRAY	F	0.02%
	CYTK	C	0.02%
	GATX	B	0.02%
	PRGO	C	0.02%
	NVST	C	0.02%
	IDA	A	0.02%
	PII	F	0.02%
	ALE	A	0.02%
	CZR	F	0.02%
	MIDD	D	0.02%
	MAT	C	0.02%
	SR	C	0.02%
	CNM	D	0.02%
	ASH	F	0.02%
	TCBI	B	0.02%
	LW	B	0.02%
	HOG	D	0.02%
	DCI	A	0.02%
	MTG	C	0.02%
	RL	B	0.02%
	MKSI	C	0.02%
	AMTM	D	0.02%
	ASB	B	0.02%
	HQY	B	0.02%
	KMPR	A	0.02%
	TXNM	A	0.02%
	CGNX	C	0.02%
	BRBR	A	0.02%
	OGS	B	0.02%
	KEX	A	0.02%
	SLGN	B	0.02%
	KRC	C	0.02%
	JAZZ	B	0.02%
	AN	C	0.02%
	ASGN	D	0.02%
	ORA	B	0.02%
	SWX	B	0.02%
	FLO	F	0.02%
	VLY	B	0.02%
	GNRC	B	0.02%
	ERIE	F	0.02%
	TKO	D	0.02%
	IRT	A	0.02%
	TTC	F	0.02%
	RGLD	C	0.02%
	ELS	B	0.02%
	AVNT	B	0.02%
	SBRA	C	0.02%
	ATR	A	0.02%
	CBSH	A	0.02%
	NJR	A	0.02%
	CUZ	B	0.02%
	CUBE	D	0.02%
	NNN	F	0.02%
	WAL	B	0.02%
	POR	D	0.02%
	LAMR	D	0.02%
	VOYA	B	0.02%
	ST	F	0.02%
	HST	D	0.02%
	AVT	C	0.02%
	WTRG	C	0.02%
	SAIC	D	0.02%
	KBR	D	0.02%
	CFR	B	0.02%
	LITE	B	0.02%
	POST	D	0.02%
	UGI	D	0.02%
	BDC	C	0.02%
	UMBF	B	0.02%
	NFG	D	0.02%
	PNFP	B	0.02%
	UBSI	B	0.02%
	HOMB	A	0.02%
	FOX	A	0.02%
	AMG	B	0.02%
	DKS	D	0.02%
	LEA	F	0.02%
	JHG	A	0.02%
	DAY	B	0.02%
	EHC	B	0.02%
	THG	A	0.02%
	REXR	F	0.02%
	YETI	D	0.01%
	EPR	D	0.01%
	UA	B	0.01%
	CPRI	F	0.01%
	BLKB	C	0.01%
	IPGP	C	0.01%
	VC	F	0.01%
	NSP	F	0.01%
	MMS	F	0.01%
	PSN	C	0.01%
	NSA	D	0.01%
	WEN	C	0.01%
	COLM	B	0.01%
	KNF	C	0.01%
	TEX	D	0.01%
	GEF	B	0.01%
	SYNA	C	0.01%
	HAE	B	0.01%
	LIVN	C	0.01%
	CHH	B	0.01%
	IRDM	B	0.01%
	OPCH	F	0.01%
	AMED	F	0.01%
	POWI	D	0.01%
	MSM	C	0.01%
	CADE	B	0.01%
	CRI	D	0.01%
	DLB	D	0.01%
	ROIV	D	0.01%
	LFUS	D	0.01%
	CHX	C	0.01%
	VNOM	C	0.01%
	CNXC	F	0.01%
	VSH	F	0.01%
	SMG	D	0.01%
	LANC	C	0.01%
	PPC	C	0.01%
	UAA	B	0.01%
	LSTR	B	0.01%
	EQH	B	0.01%
	CBT	C	0.01%
	ALTM	C	0.01%
	IBOC	B	0.01%
	CDP	C	0.01%
	JWN	B	0.01%
	BC	D	0.01%
	RCM	B	0.01%
	SRPT	F	0.01%
	ALGM	F	0.01%
	MTN	C	0.01%
	ZI	C	0.01%
	HWC	B	0.01%
	RLI	A	0.01%
	CHWY	B	0.01%
	OZK	B	0.01%
	GNTX	C	0.01%
	EXPO	D	0.01%
	HXL	F	0.01%
	RYN	F	0.01%
	GXO	B	0.01%
	WH	A	0.01%
	WU	F	0.01%
	BRKR	F	0.01%
	ENOV	C	0.01%
	NOVT	C	0.01%
	DOCS	B	0.01%
	SIGI	B	0.01%
	MASI	B	0.01%
	GT	C	0.01%
	RH	C	0.01%
	KBH	D	0.01%
	ALV	C	0.01%
	CC	C	0.01%
	TKR	F	0.01%
	PBF	F	0.01%
	MTSI	B	0.01%
	PCH	F	0.01%
	SLM	A	0.01%
	OLN	F	0.01%
	NEOG	D	0.01%
	PAG	B	0.01%
	GHC	B	0.01%
	CVLT	B	0.01%
	DVA	C	0.01%
	FFIN	B	0.01%
	VAC	B	0.01%
	MAN	F	0.01%
	AMKR	F	0.01%
	AZPN	A	0.01%
	EXLS	B	0.01%
	NWE	C	0.01%
	EGP	D	0.01%
	EVR	B	0.01%
	CHE	D	0.01%
	BHF	B	0.01%
	FLG	D	0.01%
	STAG	D	0.01%
	MAGN	F	0.0%
	AZTA	F	0.0%
	WMG	B	0.0%
	HGV	B	0.0%

IUSV Underweight 80 Positions Relative to FELV

	Symbol	Grade	Weight
	SQ	B	-0.69%
	ZM	B	-0.66%
	CVNA	B	-0.62%
	SSNC	C	-0.57%
	IGT	F	-0.5%
	AMAT	F	-0.46%
	TWLO	B	-0.46%
	DBX	B	-0.44%
	ADBE	C	-0.37%
	TPH	C	-0.36%
	EXEL	B	-0.36%
	FTV	C	-0.33%
	VEEV	B	-0.3%
	TOL	B	-0.28%
	ANF	C	-0.27%
	TDC	F	-0.27%
	SEE	C	-0.25%
	CRM	B	-0.23%
	SKYW	B	-0.21%
	OC	A	-0.21%
	META	B	-0.21%
	Z	B	-0.2%
	AVGO	C	-0.2%
	AAPL	C	-0.19%
	MTDR	B	-0.18%
	NFLX	A	-0.18%
	ITT	A	-0.18%
	MEDP	D	-0.18%
	NVDA	A	-0.18%
	LNW	F	-0.18%
	ACA	B	-0.17%
	ZG	B	-0.16%
	JXN	C	-0.16%
	RCL	A	-0.15%
	FANG	C	-0.14%
	WDAY	B	-0.13%
	FTI	B	-0.13%
	CRC	B	-0.11%
	QGEN	D	-0.11%
	ROST	D	-0.11%
	BLD	F	-0.11%
	BCC	B	-0.11%
	MHO	D	-0.11%
	ADTN	B	-0.1%
	DASH	A	-0.08%
	ACT	C	-0.08%
	TRGP	B	-0.08%
	CMG	B	-0.07%
	BYD	A	-0.07%
	BBWI	C	-0.06%
	NWL	B	-0.06%
	AMD	F	-0.06%
	LEG	F	-0.06%
	VST	B	-0.06%
	VSTS	D	-0.06%
	NMRK	B	-0.06%
	ALKS	C	-0.05%
	PLTK	B	-0.05%
	MATX	B	-0.04%
	ALRM	C	-0.04%
	MSA	D	-0.04%
	HL	D	-0.04%
	CWEN	D	-0.04%
	AXTA	A	-0.03%
	ITRI	B	-0.03%
	WOOF	D	-0.03%
	KLAC	F	-0.03%
	WS	B	-0.03%
	EXTR	C	-0.03%
	AMZN	A	-0.03%
	DHI	D	-0.03%
	ELAN	C	-0.03%
	CWEN	D	-0.02%
	TENB	C	-0.02%
	SWI	B	-0.02%
	OKTA	C	-0.02%
	OGN	F	-0.02%
	FTDR	B	-0.01%
	AXS	A	-0.01%
	LYFT	B	-0.01%

IUSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Packaged Foods Semiconductors Packaging & Containers Software - Application Specialty Chemicals Capital Markets Medical Instruments & Supplies Specialty Retail Biotechnology Insurance - Property & Casualty Oil & Gas E&P Information Technology Services Medical Devices REIT - Diversified

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

FELV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Semiconductors Diagnostics & Research Oil & Gas E&P Software - Application Drug Manufacturers - Major Asset Management Capital Markets Communication Equipment Credit Services Health Care Plans Insurance - Property & Casualty Aerospace & Defense Apparel Stores Biotechnology Business Services Household & Personal Products Information Technology Services Insurance - Life

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Dow Jones Component Insurance Aerospace Electronics Telecommunications Medicine Mining Chemical Mobile Devices Bank Cloud Computing Building Materials Crude Oil Insurance Products Investment Bank