IUSV vs. INRO ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to BlackRock U.S. Industry Rotation ETF (INRO)

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

$98.97

Average Daily Volume

517,714

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	INRO
30 Days	3.05%	5.09%
60 Days	4.28%	6.25%
90 Days	6.30%	7.10%
12 Months	27.24%

320 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in INRO	Overlap
A	D	0.17%	0.05%	0.05%
ABBV	D	0.83%	0.39%	0.39%
ACM	A	0.03%	0.11%	0.03%
ACN	C	0.46%	0.07%	0.07%
ADI	D	0.19%	0.22%	0.19%
ADP	B	0.33%	0.29%	0.29%
ADSK	A	0.14%	0.09%	0.09%
AEP	D	0.22%	0.32%	0.22%
AES	F	0.04%	0.03%	0.03%
AFG	A	0.05%	0.02%	0.02%
AFL	B	0.24%	0.09%	0.09%
AIG	B	0.21%	0.09%	0.09%
AIZ	A	0.05%	0.02%	0.02%
AJG	B	0.14%	0.1%	0.1%
ALL	A	0.23%	0.08%	0.08%
ALLE	D	0.03%	0.08%	0.03%
ALLY	C	0.04%	0.02%	0.02%
AMCR	D	0.06%	0.07%	0.06%
AME	A	0.1%	0.15%	0.1%
AMGN	D	0.7%	0.2%	0.2%
AMP	A	0.11%	0.19%	0.11%
AMT	D	0.23%	0.11%	0.11%
ANSS	B	0.06%	0.05%	0.05%
AON	A	0.17%	0.11%	0.11%
AOS	F	0.01%	0.06%	0.01%
APD	A	0.31%	0.01%	0.01%
APH	A	0.17%	0.19%	0.17%
ARE	D	0.07%	0.04%	0.04%
ATO	A	0.1%	0.05%	0.05%
AVB	B	0.14%	0.01%	0.01%
AVTR	F	0.04%	0.02%	0.02%
AVY	D	0.07%	0.07%	0.07%
AXP	A	0.21%	1.14%	0.21%
AZO	C	0.07%	0.15%	0.07%
BA	F	0.25%	0.04%	0.04%
BAC	A	1.35%	0.81%	0.81%
BALL	D	0.08%	0.08%	0.08%
BBY	D	0.08%	0.05%	0.05%
BEN	C	0.03%	0.03%	0.03%
BIIB	F	0.11%	0.03%	0.03%
BIO	D	0.03%	0.01%	0.01%
BK	A	0.25%	0.11%	0.11%
BKR	B	0.19%	0.07%	0.07%
BMRN	D	0.02%	0.02%	0.02%
BMY	B	0.52%	0.11%	0.11%
BR	A	0.05%	0.08%	0.05%
BRK.A	B	3.74%	0.06%	0.06%
BRO	B	0.03%	0.04%	0.03%
BURL	A	0.03%	0.05%	0.03%
BX	A	0.16%	0.45%	0.16%
BXP	D	0.05%	1.35%	0.05%
C	A	0.57%	0.34%	0.34%
CARR	D	0.14%	0.42%	0.14%
CAT	B	0.34%	0.35%	0.34%
CB	C	0.47%	0.17%	0.17%
CBOE	B	0.03%	0.04%	0.03%
CBRE	B	0.17%	0.87%	0.17%
CCI	D	0.2%	0.06%	0.06%
CCK	C	0.02%	0.05%	0.02%
CDW	F	0.06%	0.05%	0.05%
CEG	D	0.17%	0.45%	0.17%
CFG	B	0.09%	0.06%	0.06%
CG	A	0.02%	0.05%	0.02%
CHRW	C	0.06%	0.0%	0.0%
CINF	A	0.1%	0.04%	0.04%
CME	A	0.22%	0.3%	0.22%
CMI	A	0.22%	0.1%	0.1%
CNH	C	0.04%	0.02%	0.02%
COF	B	0.31%	0.48%	0.31%
COP	C	0.18%	0.24%	0.18%
COST	B	1.04%	0.47%	0.47%
CPT	B	0.06%	0.01%	0.01%
CRL	C	0.04%	0.01%	0.01%
CSGP	D	0.08%	0.63%	0.08%
CSX	B	0.15%	0.25%	0.15%
CTAS	B	0.15%	0.34%	0.15%
CTLT	B	0.05%	0.01%	0.01%
CTRA	B	0.03%	0.03%	0.03%
CTSH	B	0.17%	0.01%	0.01%
CTVA	C	0.17%	0.01%	0.01%
CVX	A	1.2%	0.5%	0.5%
DAL	C	0.08%	0.03%	0.03%
DAY	B	0.02%	0.03%	0.02%
DD	D	0.15%	0.01%	0.01%
DE	A	0.19%	0.2%	0.19%
DELL	C	0.08%	0.07%	0.07%
DFS	B	0.09%	0.29%	0.09%
DG	F	0.07%	0.02%	0.02%
DHR	F	0.67%	0.19%	0.19%
DINO	D	0.03%	0.02%	0.02%
DKS	C	0.02%	0.03%	0.02%
DLR	B	0.14%	0.07%	0.07%
DLTR	F	0.06%	0.01%	0.01%
DOC	D	0.07%	0.03%	0.03%
DOCU	A	0.07%	0.02%	0.02%
DOV	A	0.12%	0.05%	0.05%
DOW	F	0.14%	0.01%	0.01%
DUK	C	0.37%	0.54%	0.37%
DVN	F	0.11%	0.04%	0.04%
EBAY	D	0.13%	0.02%	0.02%
ECL	D	0.13%	0.0%	0.0%
EFX	F	0.09%	0.08%	0.08%
EG	C	0.07%	0.03%	0.03%
EIX	B	0.14%	0.21%	0.14%
EMR	A	0.32%	0.24%	0.24%
ENPH	F	0.02%	0.02%	0.02%
EOG	A	0.11%	0.15%	0.11%
EPAM	C	0.04%	0.01%	0.01%
EQIX	A	0.2%	0.1%	0.1%
EQR	B	0.11%	0.01%	0.01%
EQT	B	0.11%	0.04%	0.04%
ERIE	D	0.02%	0.02%	0.02%
ES	D	0.1%	0.14%	0.1%
ESS	B	0.08%	0.01%	0.01%
ETN	A	0.24%	0.48%	0.24%
ETR	B	0.14%	0.2%	0.14%
EVRG	A	0.06%	0.11%	0.06%
EXC	C	0.17%	0.25%	0.17%
EXPD	D	0.05%	0.0%	0.0%
EXR	D	0.15%	0.04%	0.04%
F	C	0.19%	0.06%	0.06%
FAST	B	0.1%	0.4%	0.1%
FBIN	D	0.02%	0.06%	0.02%
FCX	D	0.14%	0.12%	0.12%
FDS	B	0.04%	0.08%	0.04%
FDX	B	0.29%	0.02%	0.02%
FE	C	0.09%	0.15%	0.09%
FI	A	0.26%	0.01%	0.01%
FIS	C	0.21%	0.01%	0.01%
FITB	A	0.14%	0.08%	0.08%
FNF	B	0.07%	0.0%	0.0%
FSLR	F	0.09%	0.04%	0.04%
GD	F	0.33%	0.03%	0.03%
GE	D	0.48%	0.08%	0.08%
GEN	B	0.07%	0.02%	0.02%
GEV	B	0.22%	0.31%	0.22%
GILD	C	0.5%	0.14%	0.14%
GLPI	C	0.03%	0.02%	0.02%
GLW	B	0.16%	0.09%	0.09%
GM	B	0.28%	0.09%	0.09%
GRMN	B	0.07%	0.22%	0.07%
GS	A	0.81%	0.64%	0.64%
GWW	B	0.06%	0.44%	0.06%
HAL	C	0.12%	0.04%	0.04%
HBAN	A	0.11%	0.07%	0.07%
HD	A	1.11%	1.17%	1.11%
HIG	B	0.15%	0.05%	0.05%
HII	D	0.03%	0.0%	0.0%
HON	B	0.66%	1.6%	0.66%
HPE	B	0.12%	0.05%	0.05%
HPQ	B	0.16%	0.06%	0.06%
HUBB	B	0.06%	0.08%	0.06%
HWM	A	0.09%	0.02%	0.02%
IBM	C	0.84%	0.06%	0.06%
ICE	C	0.39%	0.33%	0.33%
IEX	B	0.08%	0.03%	0.03%
ILMN	D	0.1%	0.03%	0.03%
INCY	C	0.05%	0.02%	0.02%
INTC	D	0.47%	0.22%	0.22%
INVH	D	0.08%	0.01%	0.01%
IP	B	0.09%	0.09%	0.09%
IQV	D	0.09%	0.05%	0.05%
IR	B	0.04%	0.08%	0.04%
IRM	D	0.07%	0.04%	0.04%
ITW	B	0.17%	0.15%	0.15%
J	F	0.08%	0.04%	0.04%
JBHT	C	0.06%	0.06%	0.06%
JBL	B	0.03%	0.03%	0.03%
JCI	C	0.25%	0.39%	0.25%
JNJ	D	1.6%	0.37%	0.37%
JPM	A	3.01%	1.74%	1.74%
KEY	B	0.08%	0.05%	0.05%
KEYS	A	0.12%	0.06%	0.06%
KMI	A	0.23%	0.1%	0.1%
KMX	B	0.05%	0.03%	0.03%
KNX	B	0.04%	0.03%	0.03%
KR	B	0.17%	0.05%	0.05%
L	A	0.07%	0.03%	0.03%
LDOS	C	0.1%	0.05%	0.05%
LEN	D	0.08%	0.28%	0.08%
LHX	C	0.21%	0.02%	0.02%
LIN	D	0.46%	0.03%	0.03%
LMT	D	0.5%	0.05%	0.05%
LNT	A	0.07%	0.11%	0.07%
LOW	D	0.67%	0.43%	0.43%
LUV	C	0.08%	0.02%	0.02%
LYB	F	0.09%	0.0%	0.0%
MA	C	0.53%	0.04%	0.04%
MAA	B	0.08%	0.01%	0.01%
MAS	D	0.03%	0.12%	0.03%
MCHP	D	0.06%	0.08%	0.06%
MCO	B	0.17%	0.28%	0.17%
MET	A	0.21%	0.08%	0.08%
MKTX	D	0.04%	0.04%	0.04%
MLM	B	0.05%	0.57%	0.05%
MMC	B	0.23%	0.16%	0.16%
MMM	D	0.32%	0.76%	0.32%
MO	A	0.41%	0.41%	0.41%
MPC	D	0.1%	0.1%	0.1%
MRK	F	0.65%	0.24%	0.24%
MRNA	F	0.06%	0.02%	0.02%
MRO	B	0.03%	0.03%	0.03%
MS	A	0.72%	0.55%	0.55%
MSCI	C	0.09%	0.16%	0.09%
MTB	A	0.16%	0.09%	0.09%
MTCH	D	0.04%	0.02%	0.02%
MTD	D	0.07%	0.03%	0.03%
MU	D	0.48%	0.23%	0.23%
NDAQ	A	0.14%	0.14%	0.14%
NDSN	B	0.06%	0.03%	0.03%
NEE	D	0.68%	0.97%	0.68%
NEM	D	0.2%	0.11%	0.11%
NOC	D	0.3%	0.03%	0.03%
NRG	B	0.08%	0.12%	0.08%
NSC	B	0.26%	0.22%	0.22%
NTAP	C	0.07%	0.04%	0.04%
NTRS	A	0.09%	0.1%	0.09%
NUE	C	0.06%	0.01%	0.01%
NXPI	D	0.06%	0.12%	0.06%
OKE	A	0.1%	0.12%	0.1%
ON	D	0.07%	0.06%	0.06%
ORLY	B	0.08%	0.21%	0.08%
OTIS	C	0.11%	0.08%	0.08%
OXY	D	0.15%	0.06%	0.06%
PAYC	B	0.03%	0.03%	0.03%
PAYX	C	0.12%	0.11%	0.11%
PCAR	B	0.07%	0.11%	0.07%
PCG	A	0.2%	0.26%	0.2%
PFE	D	0.64%	0.14%	0.14%
PFG	D	0.08%	0.04%	0.04%
PGR	A	0.33%	0.23%	0.23%
PH	A	0.09%	0.17%	0.09%
PKG	A	0.09%	0.1%	0.09%
PM	B	0.55%	0.87%	0.55%
PNC	B	0.36%	0.21%	0.21%
PNR	A	0.02%	0.04%	0.02%
PPL	B	0.11%	0.05%	0.05%
PRU	A	0.2%	0.07%	0.07%
PSA	D	0.13%	0.07%	0.07%
PSX	C	0.24%	0.1%	0.1%
PTC	A	0.04%	0.04%	0.04%
PWR	A	0.06%	0.37%	0.06%
PYPL	B	0.38%	0.01%	0.01%
QCOM	F	0.38%	0.39%	0.38%
QRVO	F	0.03%	0.01%	0.01%
REGN	F	0.15%	0.11%	0.11%
RF	A	0.11%	0.07%	0.07%
RJF	A	0.13%	0.13%	0.13%
ROK	B	0.07%	0.1%	0.07%
ROL	B	0.03%	0.06%	0.03%
ROP	B	0.15%	0.09%	0.09%
RSG	A	0.08%	0.2%	0.08%
RTX	C	0.69%	0.06%	0.06%
RVTY	F	0.06%	0.02%	0.02%
SBAC	D	0.06%	0.03%	0.03%
SCHW	B	0.52%	0.41%	0.41%
SEIC	B	0.02%	0.02%	0.02%
SHW	A	0.2%	0.01%	0.01%
SLB	C	0.27%	0.09%	0.09%
SNA	A	0.05%	0.04%	0.04%
SO	D	0.41%	0.6%	0.41%
SPGI	C	0.4%	0.55%	0.4%
STLD	B	0.03%	0.01%	0.01%
STT	A	0.12%	0.05%	0.05%
STX	D	0.05%	0.03%	0.03%
SW	A	0.11%	0.13%	0.11%
SWK	D	0.06%	0.03%	0.03%
SWKS	F	0.06%	0.03%	0.03%
SYF	B	0.11%	0.18%	0.11%
SYY	B	0.16%	0.04%	0.04%
TDY	B	0.1%	0.04%	0.04%
TECH	D	0.05%	0.01%	0.01%
TER	D	0.08%	0.03%	0.03%
TFC	A	0.27%	0.17%	0.17%
TGT	F	0.31%	0.08%	0.08%
TJX	A	0.21%	0.39%	0.21%
TMO	F	0.55%	0.24%	0.24%
TMUS	B	0.51%	4.56%	0.51%
TPL	A	0.04%	0.05%	0.04%
TRMB	B	0.08%	0.04%	0.04%
TROW	B	0.12%	0.05%	0.05%
TRV	B	0.26%	0.09%	0.09%
TSCO	D	0.08%	0.09%	0.08%
TT	A	0.13%	0.65%	0.13%
TTC	D	0.02%	0.02%	0.02%
TXN	C	0.52%	0.39%	0.39%
TXT	D	0.07%	0.01%	0.01%
ULTA	F	0.03%	0.05%	0.03%
UNH	C	1.48%	0.01%	0.01%
UNP	C	0.34%	0.54%	0.34%
UPS	C	0.42%	0.04%	0.04%
USB	A	0.34%	0.2%	0.2%
UTHR	C	0.04%	0.02%	0.02%
V	A	0.77%	0.04%	0.04%
VICI	C	0.14%	0.05%	0.05%
VLO	C	0.2%	0.08%	0.08%
VLTO	D	0.11%	0.11%	0.11%
VMC	B	0.06%	0.59%	0.06%
VRSK	A	0.08%	0.09%	0.08%
VRSN	F	0.04%	0.01%	0.01%
VRTX	F	0.2%	0.15%	0.15%
VTR	C	0.11%	0.06%	0.06%
VTRS	A	0.07%	0.01%	0.01%
WAB	B	0.15%	0.07%	0.07%
WAT	B	0.06%	0.03%	0.03%
WBA	F	0.03%	0.0%	0.0%
WDC	D	0.09%	0.04%	0.04%
WELL	A	0.34%	0.18%	0.18%
WFC	A	1.08%	0.64%	0.64%
WM	A	0.19%	0.37%	0.19%
WMB	A	0.18%	0.13%	0.13%
WMT	A	1.6%	0.45%	0.45%
WRB	A	0.08%	0.03%	0.03%
WTW	B	0.14%	0.05%	0.05%
WY	D	0.1%	0.03%	0.03%
XEL	A	0.17%	0.24%	0.17%
XOM	B	2.34%	0.95%	0.95%
XYL	D	0.13%	0.06%	0.06%
ZBRA	B	0.09%	0.04%	0.04%
ZTS	D	0.16%	0.08%	0.08%

IUSV Overweight 408 Positions Relative to INRO

Symbol	Grade	Weight
PG	A	1.05%
CSCO	B	1.02%
DIS	B	0.87%
ABT	B	0.87%
VZ	C	0.75%
CMCSA	B	0.73%
T	A	0.7%
KO	D	0.65%
BLK	C	0.64%
PEP	F	0.63%
MCD	D	0.52%
MDT	D	0.48%
PLD	D	0.46%
ELV	F	0.41%
CI	F	0.4%
MCK	B	0.35%
CVS	D	0.3%
BDX	F	0.29%
ISRG	A	0.28%
SRE	A	0.25%
BSX	B	0.25%
NKE	D	0.23%
MDLZ	F	0.22%
D	C	0.21%
SYK	C	0.21%
O	D	0.21%
KVUE	A	0.2%
CL	D	0.2%
SBUX	A	0.2%
COR	B	0.19%
PEG	A	0.19%
KMB	D	0.19%
GEHC	F	0.17%
STZ	D	0.17%
GIS	D	0.16%
KDP	D	0.16%
HCA	F	0.15%
HUM	C	0.15%
RMD	C	0.15%
SPG	B	0.15%
MSI	B	0.15%
ED	D	0.14%
PPG	F	0.13%
CAH	B	0.13%
ABNB	C	0.13%
GPN	B	0.13%
UAL	A	0.13%
WEC	A	0.13%
CNC	D	0.13%
KHC	F	0.12%
TEL	B	0.12%
DTE	C	0.11%
ADM	D	0.11%
EW	C	0.11%
AWK	D	0.11%
WBD	C	0.1%
ZBH	C	0.1%
EA	A	0.1%
IFF	D	0.1%
AEE	A	0.1%
EXE	B	0.09%
CNP	B	0.09%
CMS	C	0.09%
LH	C	0.09%
OMC	C	0.09%
CLX	B	0.09%
CHTR	C	0.09%
YUM	B	0.09%
K	A	0.09%
GPC	D	0.08%
DGX	A	0.08%
HOLX	D	0.08%
TSN	B	0.08%
MKC	D	0.08%
EL	F	0.07%
RGA	A	0.07%
IDXX	F	0.07%
COHR	B	0.07%
THC	D	0.07%
MNST	C	0.07%
BAX	D	0.07%
USFD	A	0.07%
NI	A	0.07%
HSY	F	0.07%
KIM	A	0.07%
JNPR	F	0.06%
JKHY	D	0.06%
CAG	D	0.06%
UDR	B	0.06%
TPR	B	0.06%
PFGC	B	0.06%
FFIV	B	0.06%
CHD	B	0.06%
APTV	D	0.06%
TTWO	A	0.06%
GME	C	0.05%
AA	B	0.05%
FOXA	B	0.05%
FHN	A	0.05%
IPG	D	0.05%
NWSA	B	0.05%
TAP	C	0.05%
PODD	C	0.05%
BJ	A	0.05%
DXCM	D	0.05%
RRX	B	0.05%
COO	D	0.05%
SF	B	0.05%
EMN	D	0.05%
SJM	D	0.05%
UHS	D	0.05%
JEF	A	0.05%
REG	B	0.05%
WPC	D	0.05%
ALB	C	0.05%
JLL	D	0.05%
BG	F	0.05%
SNV	B	0.04%
HAS	D	0.04%
X	C	0.04%
SSB	B	0.04%
SFM	A	0.04%
OGE	B	0.04%
HSIC	B	0.04%
MOS	F	0.04%
MTZ	B	0.04%
FRT	B	0.04%
GPK	C	0.04%
ZION	B	0.04%
WTFC	A	0.04%
FLR	B	0.04%
SNX	C	0.04%
AR	B	0.04%
CPB	D	0.04%
ORI	A	0.04%
HRL	D	0.04%
TFX	F	0.04%
XPO	B	0.04%
DPZ	C	0.04%
GMED	A	0.04%
WCC	B	0.04%
AAL	B	0.04%
SOLV	C	0.04%
STE	F	0.04%
DRI	B	0.04%
NLY	C	0.04%
GL	B	0.04%
LAD	A	0.04%
WBS	A	0.04%
UNM	A	0.04%
PNW	B	0.04%
ARMK	B	0.04%
LKQ	D	0.04%
THO	B	0.03%
FOX	A	0.03%
JHG	A	0.03%
KRG	B	0.03%
FNB	A	0.03%
THG	A	0.03%
PVH	C	0.03%
LITE	B	0.03%
POOL	C	0.03%
RNR	C	0.03%
CIEN	B	0.03%
SCI	B	0.03%
ESNT	D	0.03%
OHI	C	0.03%
ARW	D	0.03%
INGR	B	0.03%
STWD	C	0.03%
WHR	B	0.03%
HR	C	0.03%
GBCI	B	0.03%
DAR	C	0.03%
NOV	C	0.03%
COLB	A	0.03%
KD	B	0.03%
LVS	C	0.03%
EWBC	A	0.03%
PARA	C	0.03%
FAF	A	0.03%
CACI	D	0.03%
FMC	D	0.03%
CMC	B	0.03%
VNO	B	0.03%
VMI	B	0.03%
CCL	B	0.03%
ALGN	D	0.03%
ONB	B	0.03%
AKAM	D	0.03%
OSK	B	0.03%
TMHC	B	0.03%
CF	B	0.03%
R	B	0.03%
MHK	D	0.03%
MOH	F	0.03%
G	B	0.03%
BERY	B	0.03%
ADC	B	0.03%
FYBR	D	0.03%
BWA	D	0.03%
IBKR	A	0.03%
IVZ	B	0.03%
PB	A	0.03%
RPM	A	0.03%
CYTK	F	0.02%
CNM	D	0.02%
CZR	F	0.02%
PII	D	0.02%
GATX	A	0.02%
DTM	B	0.02%
FR	C	0.02%
XRAY	F	0.02%
NWS	B	0.02%
PRGO	B	0.02%
MIDD	C	0.02%
ALE	A	0.02%
MAT	D	0.02%
ASH	D	0.02%
RL	B	0.02%
IDA	A	0.02%
CGNX	C	0.02%
HOG	D	0.02%
MKSI	C	0.02%
LW	C	0.02%
SR	A	0.02%
DCI	B	0.02%
MTG	C	0.02%
HQY	B	0.02%
ASB	B	0.02%
ASGN	F	0.02%
KRC	C	0.02%
TXNM	A	0.02%
CNO	A	0.02%
TCBI	B	0.02%
FLS	B	0.02%
ORA	B	0.02%
SAIC	F	0.02%
OGS	A	0.02%
SLGN	A	0.02%
KBR	F	0.02%
KMPR	B	0.02%
AN	C	0.02%
FLO	D	0.02%
RGLD	C	0.02%
SBRA	C	0.02%
KEX	C	0.02%
M	D	0.02%
GNRC	B	0.02%
BKH	A	0.02%
BRBR	A	0.02%
TKO	B	0.02%
JAZZ	B	0.02%
SWX	B	0.02%
AVNT	B	0.02%
CUZ	B	0.02%
IRT	A	0.02%
LAMR	D	0.02%
ATR	B	0.02%
AVT	C	0.02%
VLY	B	0.02%
AMH	D	0.02%
ELS	C	0.02%
CUBE	D	0.02%
POR	C	0.02%
NJR	A	0.02%
BRX	A	0.02%
CW	B	0.02%
NNN	D	0.02%
HST	C	0.02%
SON	D	0.02%
ST	F	0.02%
WAL	B	0.02%
AYI	B	0.02%
GAP	C	0.02%
WTRG	B	0.02%
BDC	B	0.02%
CBSH	A	0.02%
VOYA	B	0.02%
UGI	A	0.02%
NXST	C	0.02%
POST	C	0.02%
CFR	B	0.02%
UMBF	B	0.02%
UBSI	B	0.02%
NFG	A	0.02%
CLF	F	0.02%
LEA	D	0.02%
EHC	B	0.02%
PNFP	B	0.02%
AMG	B	0.02%
REXR	F	0.02%
HOMB	A	0.02%
AGCO	D	0.02%
UA	C	0.01%
HGV	B	0.01%
TNL	A	0.01%
IPGP	D	0.01%
YETI	C	0.01%
CPRI	F	0.01%
EPR	D	0.01%
MMS	F	0.01%
PSN	D	0.01%
NSP	D	0.01%
BLKB	B	0.01%
VC	D	0.01%
WEN	D	0.01%
NSA	D	0.01%
COLM	B	0.01%
KNF	A	0.01%
TEX	D	0.01%
SAM	C	0.01%
GEF	A	0.01%
AMED	F	0.01%
SYNA	C	0.01%
POWI	D	0.01%
OPCH	D	0.01%
LIVN	F	0.01%
CHH	A	0.01%
MSM	C	0.01%
HAE	C	0.01%
VSH	D	0.01%
IRDM	D	0.01%
UAA	C	0.01%
DLB	B	0.01%
CNXC	F	0.01%
VNOM	A	0.01%
CADE	B	0.01%
LFUS	F	0.01%
LANC	C	0.01%
ROIV	C	0.01%
CRI	D	0.01%
CHX	C	0.01%
CBT	C	0.01%
PPC	C	0.01%
ALGM	D	0.01%
SRPT	D	0.01%
EEFT	B	0.01%
CDP	C	0.01%
ALTM	C	0.01%
SMG	D	0.01%
EQH	B	0.01%
LSTR	D	0.01%
ZI	D	0.01%
AM	A	0.01%
BC	C	0.01%
JWN	C	0.01%
IBOC	A	0.01%
ENS	D	0.01%
RCM	F	0.01%
MTN	C	0.01%
CRUS	D	0.01%
EXPO	D	0.01%
BRKR	D	0.01%
HWC	B	0.01%
RYN	D	0.01%
NOVT	D	0.01%
LPX	B	0.01%
GNTX	C	0.01%
HXL	D	0.01%
ENOV	C	0.01%
RLI	B	0.01%
OZK	B	0.01%
GXO	B	0.01%
CHWY	B	0.01%
GT	C	0.01%
WU	D	0.01%
WH	B	0.01%
MASI	A	0.01%
MUR	D	0.01%
SIGI	C	0.01%
RH	B	0.01%
MGM	D	0.01%
MTSI	B	0.01%
CXT	B	0.01%
KBH	D	0.01%
CC	C	0.01%
NEOG	F	0.01%
ALV	C	0.01%
TKR	D	0.01%
AMKR	D	0.01%
OLN	D	0.01%
PCH	D	0.01%
VAC	B	0.01%
MAN	D	0.01%
PBF	D	0.01%
CVLT	B	0.01%
SLM	A	0.01%
PAG	B	0.01%
FFIN	B	0.01%
EVR	B	0.01%
GHC	C	0.01%
EXLS	B	0.01%
AZPN	A	0.01%
EGP	F	0.01%
DVA	B	0.01%
DOCS	C	0.01%
FLG	C	0.01%
STAG	F	0.01%
BHF	B	0.01%
AMTM	D	0.01%
CHE	D	0.01%
NWE	B	0.01%
NVST	B	0.01%
FHI	A	0.01%
MAGN	F	0.0%
AZTA	D	0.0%
WMG	C	0.0%

IUSV Underweight 109 Positions Relative to INRO

Symbol	Grade	Weight
NVDA	C	-7.62%
AAPL	C	-5.76%
MSFT	F	-4.24%
META	D	-3.68%
GOOGL	C	-3.13%
GOOG	C	-2.72%
AVGO	D	-1.54%
AMZN	C	-1.47%
TSLA	B	-1.32%
LLY	F	-0.57%
UBER	D	-0.49%
URI	B	-0.47%
AMD	F	-0.47%
ORCL	B	-0.45%
CRM	B	-0.45%
DHI	D	-0.33%
ADBE	C	-0.32%
KKR	A	-0.31%
AMAT	F	-0.3%
NOW	A	-0.3%
INTU	C	-0.26%
Z	A	-0.25%
WCN	A	-0.21%
CPRT	A	-0.21%
NVR	D	-0.21%
COIN	C	-0.2%
VST	B	-0.19%
EME	C	-0.19%
LRCX	F	-0.19%
PANW	C	-0.18%
PLTR	B	-0.18%
PHM	D	-0.18%
KLAC	D	-0.17%
ODFL	B	-0.16%
WSO	A	-0.16%
VRT	B	-0.16%
MRVL	B	-0.16%
BLDR	D	-0.15%
ROST	C	-0.14%
LII	A	-0.14%
CSL	C	-0.14%
OC	A	-0.12%
SNPS	B	-0.12%
CDNS	B	-0.12%
CRWD	B	-0.12%
ARES	A	-0.12%
APP	B	-0.1%
MSTR	C	-0.1%
LNG	B	-0.09%
TRGP	B	-0.08%
LPLA	A	-0.08%
FICO	B	-0.08%
FTNT	C	-0.08%
WDAY	B	-0.08%
MELI	D	-0.07%
HES	B	-0.07%
DDOG	A	-0.06%
HOOD	B	-0.06%
MPWR	F	-0.06%
TEAM	A	-0.06%
FANG	D	-0.06%
TW	A	-0.06%
HUBS	A	-0.05%
FTV	C	-0.05%
WSM	B	-0.05%
FCNCA	A	-0.05%
PINS	D	-0.05%
ACGL	D	-0.05%
ALNY	D	-0.04%
TYL	B	-0.04%
MKL	A	-0.04%
BAH	F	-0.04%
TRU	D	-0.04%
SMCI	F	-0.03%
MANH	D	-0.03%
DT	C	-0.03%
PSTG	D	-0.03%
ZS	C	-0.03%
WST	C	-0.03%
TDG	D	-0.03%
GGG	B	-0.03%
ENTG	D	-0.03%
SNAP	C	-0.03%
ZM	B	-0.03%
SSNC	B	-0.03%
IT	C	-0.02%
NBIX	C	-0.02%
AXON	A	-0.02%
UHAL	D	-0.02%
IOT	A	-0.02%
BBWI	D	-0.02%
OVV	B	-0.02%
SUI	D	-0.01%
ACI	C	-0.01%
MDB	C	-0.01%
RS	B	-0.01%
HEI	B	-0.01%
RPRX	D	-0.01%
TWLO	A	-0.01%
NET	B	-0.01%
APO	B	-0.01%
APA	D	-0.01%
RIVN	F	-0.01%
EXAS	D	-0.01%
SNOW	C	-0.01%
CHRD	D	-0.01%
GDDY	A	-0.01%
BSY	D	-0.01%
HEI	B	-0.0%