IUSV vs. MFUS ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

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

$96.81

Average Daily Volume

516,597

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$50.86

Average Daily Volume

5,340

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	MFUS
30 Days	-0.45%	-1.04%
60 Days	2.56%	1.72%
90 Days	5.01%	4.04%
12 Months	24.77%	30.11%

503 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in MFUS	Overlap
A	F	0.17%	0.05%	0.05%
AA	A	0.05%	0.02%	0.02%
ABBV	F	0.83%	1.36%	0.83%
ACM	B	0.03%	0.03%	0.03%
ACN	C	0.46%	0.25%	0.25%
ADC	A	0.03%	0.01%	0.01%
ADM	D	0.11%	0.22%	0.11%
ADP	B	0.33%	0.11%	0.11%
ADSK	B	0.14%	0.09%	0.09%
AEP	C	0.22%	0.08%	0.08%
AES	F	0.04%	0.01%	0.01%
AFL	C	0.24%	0.21%	0.21%
AGCO	F	0.02%	0.02%	0.02%
AIG	C	0.21%	0.34%	0.21%
AIZ	A	0.05%	0.09%	0.05%
AJG	B	0.14%	0.16%	0.14%
AKAM	F	0.03%	0.02%	0.02%
ALGN	D	0.03%	0.01%	0.01%
ALL	A	0.23%	0.26%	0.23%
ALLY	C	0.04%	0.05%	0.04%
AMED	F	0.01%	0.01%	0.01%
AMG	C	0.02%	0.06%	0.02%
AMGN	D	0.7%	0.94%	0.7%
AMH	C	0.02%	0.04%	0.02%
AMKR	F	0.01%	0.03%	0.01%
AMP	A	0.11%	0.18%	0.11%
AMT	D	0.23%	0.13%	0.13%
AN	D	0.02%	0.06%	0.02%
ANSS	B	0.06%	0.05%	0.05%
AON	B	0.17%	0.24%	0.17%
AOS	F	0.01%	0.08%	0.01%
APH	B	0.17%	0.12%	0.12%
AR	B	0.04%	0.05%	0.04%
ARMK	C	0.04%	0.01%	0.01%
ARW	F	0.03%	0.04%	0.03%
ATO	A	0.1%	0.02%	0.02%
ATR	B	0.02%	0.08%	0.02%
AVB	B	0.14%	0.03%	0.03%
AVT	C	0.02%	0.04%	0.02%
AVTR	F	0.04%	0.03%	0.03%
AVY	D	0.07%	0.09%	0.07%
AXP	B	0.21%	0.23%	0.21%
AYI	B	0.02%	0.1%	0.02%
AZO	C	0.07%	0.28%	0.07%
BAC	A	1.35%	0.45%	0.45%
BALL	D	0.08%	0.07%	0.07%
BAX	F	0.07%	0.04%	0.04%
BBY	D	0.08%	0.21%	0.08%
BC	D	0.01%	0.06%	0.01%
BDC	B	0.02%	0.04%	0.02%
BDX	F	0.29%	0.11%	0.11%
BEN	C	0.03%	0.02%	0.02%
BERY	D	0.03%	0.06%	0.03%
BHF	C	0.01%	0.04%	0.01%
BIIB	F	0.11%	0.07%	0.07%
BJ	B	0.05%	0.03%	0.03%
BK	B	0.25%	0.18%	0.18%
BKR	B	0.19%	0.08%	0.08%
BLK	B	0.64%	0.19%	0.19%
BMRN	F	0.02%	0.01%	0.01%
BMY	A	0.52%	0.41%	0.41%
BR	B	0.05%	0.17%	0.05%
BRK.A	B	3.74%	2.42%	2.42%
BRKR	F	0.01%	0.02%	0.01%
BRO	B	0.03%	0.12%	0.03%
BSX	A	0.25%	0.2%	0.2%
BURL	A	0.03%	0.03%	0.03%
BWA	D	0.03%	0.01%	0.01%
BX	A	0.16%	0.13%	0.13%
BXP	D	0.05%	0.02%	0.02%
C	B	0.57%	0.69%	0.57%
CACI	C	0.03%	0.09%	0.03%
CADE	B	0.01%	0.01%	0.01%
CAG	F	0.06%	0.04%	0.04%
CAH	B	0.13%	0.27%	0.13%
CARR	D	0.14%	0.05%	0.05%
CAT	C	0.34%	0.2%	0.2%
CB	C	0.47%	0.16%	0.16%
CBRE	B	0.17%	0.05%	0.05%
CBSH	A	0.02%	0.01%	0.01%
CBT	C	0.01%	0.05%	0.01%
CC	D	0.01%	0.02%	0.01%
CCI	C	0.2%	0.07%	0.07%
CCK	D	0.02%	0.06%	0.02%
CCL	A	0.03%	0.02%	0.02%
CDP	C	0.01%	0.03%	0.01%
CDW	F	0.06%	0.03%	0.03%
CEG	C	0.17%	0.11%	0.11%
CFG	B	0.09%	0.04%	0.04%
CFR	B	0.02%	0.01%	0.01%
CG	B	0.02%	0.03%	0.02%
CHD	A	0.06%	0.07%	0.06%
CHE	F	0.01%	0.06%	0.01%
CHRW	B	0.06%	0.14%	0.06%
CHTR	B	0.09%	0.3%	0.09%
CI	D	0.4%	0.13%	0.13%
CINF	A	0.1%	0.02%	0.02%
CL	D	0.2%	0.35%	0.2%
CLF	F	0.02%	0.01%	0.01%
CLX	A	0.09%	0.12%	0.09%
CMC	B	0.03%	0.06%	0.03%
CMCSA	B	0.73%	0.16%	0.16%
CME	A	0.22%	0.14%	0.14%
CMI	A	0.22%	0.14%	0.14%
CMS	C	0.09%	0.03%	0.03%
CNC	F	0.13%	0.04%	0.04%
CNM	C	0.02%	0.01%	0.01%
CNO	B	0.02%	0.05%	0.02%
COF	B	0.31%	0.29%	0.29%
COHR	B	0.07%	0.03%	0.03%
COP	B	0.18%	0.07%	0.07%
COR	B	0.19%	0.17%	0.17%
COST	A	1.04%	1.35%	1.04%
CPB	D	0.04%	0.04%	0.04%
CPRI	F	0.01%	0.01%	0.01%
CPT	C	0.06%	0.06%	0.06%
CRI	F	0.01%	0.05%	0.01%
CRUS	F	0.01%	0.04%	0.01%
CSCO	B	1.02%	0.68%	0.68%
CSX	C	0.15%	0.11%	0.11%
CTAS	B	0.15%	0.19%	0.15%
CTLT	D	0.05%	0.02%	0.02%
CTVA	C	0.17%	0.04%	0.04%
CUBE	C	0.02%	0.04%	0.02%
CVLT	B	0.01%	0.04%	0.01%
CVS	F	0.3%	0.65%	0.3%
CVX	A	1.2%	0.39%	0.39%
CW	B	0.02%	0.11%	0.02%
D	C	0.21%	0.07%	0.07%
DCI	B	0.02%	0.04%	0.02%
DD	D	0.15%	0.1%	0.1%
DELL	B	0.08%	0.03%	0.03%
DFS	B	0.09%	0.1%	0.09%
DG	F	0.07%	0.09%	0.07%
DGX	A	0.08%	0.09%	0.08%
DHR	D	0.67%	0.24%	0.24%
DINO	D	0.03%	0.01%	0.01%
DKS	D	0.02%	0.08%	0.02%
DLB	F	0.01%	0.02%	0.01%
DLR	A	0.14%	0.09%	0.09%
DLTR	F	0.06%	0.03%	0.03%
DOV	B	0.12%	0.04%	0.04%
DOW	F	0.14%	0.02%	0.02%
DPZ	C	0.04%	0.13%	0.04%
DRI	C	0.04%	0.03%	0.03%
DTE	C	0.11%	0.02%	0.02%
DTM	A	0.02%	0.01%	0.01%
DUK	C	0.37%	0.13%	0.13%
DVA	C	0.01%	0.16%	0.01%
EA	A	0.1%	0.18%	0.1%
EBAY	D	0.13%	0.36%	0.13%
ECL	D	0.13%	0.08%	0.08%
ED	C	0.14%	0.05%	0.05%
EFX	F	0.09%	0.11%	0.09%
EHC	B	0.02%	0.09%	0.02%
EIX	C	0.14%	0.05%	0.05%
ELS	B	0.02%	0.04%	0.02%
ELV	F	0.41%	0.16%	0.16%
EMN	D	0.05%	0.04%	0.04%
EMR	A	0.32%	0.09%	0.09%
EQH	B	0.01%	0.08%	0.01%
EQR	C	0.11%	0.04%	0.04%
ERIE	F	0.02%	0.04%	0.02%
ES	C	0.1%	0.03%	0.03%
ESNT	D	0.03%	0.01%	0.01%
ESS	A	0.08%	0.04%	0.04%
ETR	A	0.14%	0.05%	0.05%
EVR	B	0.01%	0.13%	0.01%
EVRG	A	0.06%	0.02%	0.02%
EWBC	A	0.03%	0.02%	0.02%
EXC	C	0.17%	0.07%	0.07%
EXPD	D	0.05%	0.11%	0.05%
EXR	C	0.15%	0.11%	0.11%
F	C	0.19%	0.16%	0.16%
FAF	C	0.03%	0.02%	0.02%
FAST	B	0.1%	0.13%	0.1%
FDS	B	0.04%	0.04%	0.04%
FE	C	0.09%	0.03%	0.03%
FFIV	B	0.06%	0.06%	0.06%
FHI	B	0.01%	0.03%	0.01%
FHN	A	0.05%	0.01%	0.01%
FI	A	0.26%	0.19%	0.19%
FIS	C	0.21%	0.07%	0.07%
FITB	B	0.14%	0.04%	0.04%
FLO	D	0.02%	0.04%	0.02%
FLR	B	0.04%	0.01%	0.01%
FNF	A	0.07%	0.03%	0.03%
FOXA	B	0.05%	0.11%	0.05%
FR	C	0.02%	0.01%	0.01%
FYBR	C	0.03%	0.01%	0.01%
G	B	0.03%	0.06%	0.03%
GAP	D	0.02%	0.06%	0.02%
GATX	B	0.02%	0.04%	0.02%
GD	D	0.33%	0.24%	0.24%
GE	D	0.48%	0.56%	0.48%
GEF	B	0.01%	0.02%	0.01%
GEHC	D	0.17%	0.07%	0.07%
GEN	B	0.07%	0.11%	0.07%
GHC	B	0.01%	0.02%	0.01%
GILD	C	0.5%	0.87%	0.5%
GIS	F	0.16%	0.17%	0.16%
GLPI	C	0.03%	0.07%	0.03%
GLW	B	0.16%	0.2%	0.16%
GM	B	0.28%	0.4%	0.28%
GME	C	0.05%	0.02%	0.02%
GMED	A	0.04%	0.03%	0.03%
GNRC	B	0.02%	0.06%	0.02%
GNTX	F	0.01%	0.05%	0.01%
GPK	D	0.04%	0.08%	0.04%
GS	B	0.81%	0.41%	0.41%
GT	C	0.01%	0.02%	0.01%
GWW	B	0.06%	0.21%	0.06%
HAE	C	0.01%	0.03%	0.01%
HBAN	B	0.11%	0.03%	0.03%
HCA	F	0.15%	0.25%	0.15%
HD	A	1.11%	0.62%	0.62%
HIG	B	0.15%	0.06%	0.06%
HII	F	0.03%	0.02%	0.02%
HOG	F	0.02%	0.02%	0.02%
HOLX	D	0.08%	0.03%	0.03%
HPE	B	0.12%	0.11%	0.11%
HPQ	B	0.16%	0.28%	0.16%
HRL	D	0.04%	0.02%	0.02%
HSIC	C	0.04%	0.03%	0.03%
HST	D	0.02%	0.02%	0.02%
HSY	F	0.07%	0.05%	0.05%
HUBB	B	0.06%	0.03%	0.03%
HWM	A	0.09%	0.17%	0.09%
HXL	F	0.01%	0.03%	0.01%
IBKR	A	0.03%	0.06%	0.03%
IBM	C	0.84%	1.05%	0.84%
ICE	C	0.39%	0.29%	0.29%
IDXX	F	0.07%	0.05%	0.05%
IEX	B	0.08%	0.09%	0.08%
IFF	D	0.1%	0.03%	0.03%
INCY	C	0.05%	0.01%	0.01%
INGR	B	0.03%	0.07%	0.03%
INTC	C	0.47%	0.2%	0.2%
INVH	D	0.08%	0.04%	0.04%
IP	A	0.09%	0.09%	0.09%
IPG	F	0.05%	0.04%	0.04%
IR	B	0.04%	0.09%	0.04%
IRM	C	0.07%	0.12%	0.07%
ISRG	A	0.28%	0.29%	0.28%
ITW	B	0.17%	0.1%	0.1%
IVZ	C	0.03%	0.03%	0.03%
JBHT	C	0.06%	0.02%	0.02%
JBL	C	0.03%	0.03%	0.03%
JCI	B	0.25%	0.07%	0.07%
JEF	A	0.05%	0.03%	0.03%
JHG	B	0.03%	0.04%	0.03%
JKHY	D	0.06%	0.1%	0.06%
JLL	D	0.05%	0.06%	0.05%
JNJ	D	1.6%	1.18%	1.18%
JNPR	D	0.06%	0.13%	0.06%
JPM	A	3.01%	0.99%	0.99%
JWN	C	0.01%	0.04%	0.01%
K	B	0.09%	0.15%	0.09%
KBH	D	0.01%	0.03%	0.01%
KBR	F	0.02%	0.02%	0.02%
KD	A	0.03%	0.05%	0.03%
KDP	D	0.16%	0.07%	0.07%
KEX	B	0.02%	0.02%	0.02%
KEY	B	0.08%	0.03%	0.03%
KHC	F	0.12%	0.15%	0.12%
KIM	A	0.07%	0.02%	0.02%
KMB	C	0.19%	0.16%	0.16%
KMI	A	0.23%	0.11%	0.11%
KMPR	A	0.02%	0.03%	0.02%
KNX	B	0.04%	0.01%	0.01%
KO	D	0.65%	1.0%	0.65%
KR	B	0.17%	0.38%	0.17%
L	A	0.07%	0.06%	0.06%
LAD	B	0.04%	0.02%	0.02%
LAMR	D	0.02%	0.05%	0.02%
LANC	D	0.01%	0.04%	0.01%
LDOS	C	0.1%	0.11%	0.1%
LEA	F	0.02%	0.01%	0.01%
LEN	D	0.08%	0.06%	0.06%
LHX	B	0.21%	0.26%	0.21%
LMT	D	0.5%	0.75%	0.5%
LNT	A	0.07%	0.02%	0.02%
LOW	C	0.67%	0.35%	0.35%
LPX	B	0.01%	0.08%	0.01%
LSTR	D	0.01%	0.09%	0.01%
LW	C	0.02%	0.03%	0.02%
LYB	F	0.09%	0.15%	0.09%
M	D	0.02%	0.02%	0.02%
MA	B	0.53%	0.28%	0.28%
MAA	A	0.08%	0.02%	0.02%
MAN	F	0.01%	0.03%	0.01%
MAS	D	0.03%	0.06%	0.03%
MASI	B	0.01%	0.03%	0.01%
MCD	D	0.52%	0.53%	0.52%
MCK	A	0.35%	0.63%	0.35%
MCO	D	0.17%	0.15%	0.15%
MDLZ	F	0.22%	0.23%	0.22%
MET	A	0.21%	0.32%	0.21%
MHK	D	0.03%	0.01%	0.01%
MKC	D	0.08%	0.05%	0.05%
MKSI	C	0.02%	0.01%	0.01%
MKTX	D	0.04%	0.02%	0.02%
MLM	B	0.05%	0.07%	0.05%
MMC	D	0.23%	0.2%	0.2%
MMM	D	0.32%	0.6%	0.32%
MMS	D	0.01%	0.05%	0.01%
MNST	C	0.07%	0.07%	0.07%
MO	A	0.41%	0.73%	0.41%
MOS	D	0.04%	0.01%	0.01%
MPC	D	0.1%	0.34%	0.1%
MRK	F	0.65%	0.84%	0.65%
MRO	A	0.03%	0.03%	0.03%
MS	A	0.72%	0.22%	0.22%
MSCI	B	0.09%	0.07%	0.07%
MSI	B	0.15%	0.2%	0.15%
MSM	D	0.01%	0.06%	0.01%
MTB	A	0.16%	0.04%	0.04%
MTD	F	0.07%	0.08%	0.07%
MTG	D	0.02%	0.02%	0.02%
MTN	C	0.01%	0.05%	0.01%
MU	D	0.48%	0.16%	0.16%
MUR	F	0.01%	0.01%	0.01%
NDAQ	A	0.14%	0.05%	0.05%
NDSN	D	0.06%	0.04%	0.04%
NEE	C	0.68%	0.22%	0.22%
NEM	D	0.2%	0.16%	0.16%
NFG	A	0.02%	0.05%	0.02%
NI	A	0.07%	0.02%	0.02%
NKE	F	0.23%	0.06%	0.06%
NNN	C	0.02%	0.01%	0.01%
NOC	D	0.3%	0.35%	0.3%
NOV	D	0.03%	0.01%	0.01%
NRG	B	0.08%	0.07%	0.07%
NSC	B	0.26%	0.07%	0.07%
NSP	F	0.01%	0.02%	0.01%
NTAP	C	0.07%	0.1%	0.07%
NTRS	A	0.09%	0.03%	0.03%
NUE	D	0.06%	0.08%	0.06%
NWSA	B	0.05%	0.04%	0.04%
NXST	C	0.02%	0.05%	0.02%
O	C	0.21%	0.05%	0.05%
OHI	B	0.03%	0.02%	0.02%
OKE	A	0.1%	0.1%	0.1%
OLN	F	0.01%	0.04%	0.01%
OMC	C	0.09%	0.06%	0.06%
ONB	B	0.03%	0.01%	0.01%
ORA	B	0.02%	0.02%	0.02%
ORLY	B	0.08%	0.2%	0.08%
OSK	C	0.03%	0.04%	0.03%
OTIS	C	0.11%	0.07%	0.07%
PAG	B	0.01%	0.02%	0.01%
PARA	D	0.03%	0.01%	0.01%
PAYX	B	0.12%	0.04%	0.04%
PB	A	0.03%	0.01%	0.01%
PBF	D	0.01%	0.02%	0.01%
PEG	C	0.19%	0.06%	0.06%
PEP	F	0.63%	0.74%	0.63%
PFE	F	0.64%	0.57%	0.57%
PFG	C	0.08%	0.01%	0.01%
PG	C	1.05%	1.01%	1.01%
PGR	B	0.33%	0.59%	0.33%
PH	B	0.09%	0.14%	0.09%
PKG	B	0.09%	0.1%	0.09%
PM	A	0.55%	0.87%	0.55%
PNC	B	0.36%	0.12%	0.12%
PNR	B	0.02%	0.02%	0.02%
PNW	B	0.04%	0.01%	0.01%
POOL	D	0.03%	0.07%	0.03%
POST	C	0.02%	0.05%	0.02%
PPC	B	0.01%	0.01%	0.01%
PPG	F	0.13%	0.04%	0.04%
PPL	A	0.11%	0.04%	0.04%
PRU	B	0.2%	0.23%	0.2%
PSA	C	0.13%	0.09%	0.09%
PSN	C	0.01%	0.02%	0.01%
PSX	C	0.24%	0.23%	0.23%
PTC	B	0.04%	0.04%	0.04%
PVH	C	0.03%	0.02%	0.02%
PWR	A	0.06%	0.12%	0.06%
PYPL	B	0.38%	0.12%	0.12%
QCOM	F	0.38%	0.77%	0.38%
QRVO	F	0.03%	0.01%	0.01%
R	B	0.03%	0.07%	0.03%
REGN	F	0.15%	0.36%	0.15%
RF	A	0.11%	0.02%	0.02%
RGA	B	0.07%	0.06%	0.06%
RGLD	C	0.02%	0.04%	0.02%
RL	C	0.02%	0.03%	0.02%
RLI	A	0.01%	0.03%	0.01%
RMD	C	0.15%	0.16%	0.15%
ROL	B	0.03%	0.07%	0.03%
ROP	C	0.15%	0.06%	0.06%
RPM	B	0.03%	0.13%	0.03%
RSG	A	0.08%	0.13%	0.08%
RTX	D	0.69%	0.22%	0.22%
RVTY	D	0.06%	0.01%	0.01%
RYN	D	0.01%	0.02%	0.01%
SAIC	F	0.02%	0.01%	0.01%
SAM	C	0.01%	0.02%	0.01%
SBAC	D	0.06%	0.03%	0.03%
SBUX	A	0.2%	0.09%	0.09%
SCHW	A	0.52%	0.05%	0.05%
SCI	A	0.03%	0.07%	0.03%
SEIC	B	0.02%	0.09%	0.02%
SF	B	0.05%	0.02%	0.02%
SFM	A	0.04%	0.25%	0.04%
SHW	C	0.2%	0.22%	0.2%
SIGI	B	0.01%	0.01%	0.01%
SJM	D	0.05%	0.04%	0.04%
SLB	C	0.27%	0.01%	0.01%
SLGN	A	0.02%	0.05%	0.02%
SLM	B	0.01%	0.06%	0.01%
SMG	C	0.01%	0.04%	0.01%
SNV	B	0.04%	0.02%	0.02%
SO	C	0.41%	0.13%	0.13%
SON	F	0.02%	0.04%	0.02%
SPG	A	0.15%	0.16%	0.15%
SPGI	D	0.4%	0.29%	0.29%
SR	A	0.02%	0.01%	0.01%
SRE	A	0.25%	0.08%	0.08%
SSB	B	0.04%	0.01%	0.01%
STE	D	0.04%	0.07%	0.04%
STLD	B	0.03%	0.04%	0.03%
STZ	D	0.17%	0.06%	0.06%
SWX	A	0.02%	0.01%	0.01%
SYF	B	0.11%	0.31%	0.11%
SYY	D	0.16%	0.12%	0.12%
T	A	0.7%	0.73%	0.7%
TAP	B	0.05%	0.09%	0.05%
TER	F	0.08%	0.03%	0.03%
TEX	D	0.01%	0.05%	0.01%
TFC	A	0.27%	0.09%	0.09%
TFX	F	0.04%	0.02%	0.02%
TGT	B	0.31%	0.74%	0.31%
THC	C	0.07%	0.28%	0.07%
THG	A	0.03%	0.05%	0.03%
THO	C	0.03%	0.07%	0.03%
TJX	A	0.21%	0.37%	0.21%
TKR	F	0.01%	0.04%	0.01%
TMHC	B	0.03%	0.09%	0.03%
TMO	F	0.55%	0.28%	0.28%
TMUS	B	0.51%	0.43%	0.43%
TPR	B	0.06%	0.01%	0.01%
TROW	B	0.12%	0.09%	0.09%
TRV	A	0.26%	0.2%	0.2%
TSCO	D	0.08%	0.11%	0.08%
TSN	B	0.08%	0.18%	0.08%
TTC	F	0.02%	0.06%	0.02%
TTWO	A	0.06%	0.07%	0.06%
TXN	C	0.52%	0.29%	0.29%
UAL	A	0.13%	0.02%	0.02%
UDR	C	0.06%	0.03%	0.03%
UGI	C	0.02%	0.01%	0.01%
UHS	D	0.05%	0.06%	0.05%
ULTA	F	0.03%	0.04%	0.03%
UNH	C	1.48%	0.79%	0.79%
UNM	A	0.04%	0.04%	0.04%
UNP	D	0.34%	0.51%	0.34%
UPS	C	0.42%	0.24%	0.24%
USB	B	0.34%	0.11%	0.11%
USFD	A	0.07%	0.05%	0.05%
UTHR	C	0.04%	0.19%	0.04%
V	A	0.77%	0.31%	0.31%
VC	F	0.01%	0.03%	0.01%
VLO	C	0.2%	0.16%	0.16%
VLTO	C	0.11%	0.04%	0.04%
VNO	C	0.03%	0.07%	0.03%
VRSK	B	0.08%	0.16%	0.08%
VRSN	F	0.04%	0.04%	0.04%
VRTX	D	0.2%	0.22%	0.2%
VSH	F	0.01%	0.02%	0.01%
VTR	B	0.11%	0.04%	0.04%
VTRS	A	0.07%	0.14%	0.07%
VZ	C	0.75%	1.0%	0.75%
WAB	B	0.15%	0.05%	0.05%
WAL	B	0.02%	0.02%	0.02%
WAT	C	0.06%	0.05%	0.05%
WBA	F	0.03%	0.12%	0.03%
WBS	A	0.04%	0.02%	0.02%
WCC	B	0.04%	0.09%	0.04%
WDC	F	0.09%	0.08%	0.08%
WELL	A	0.34%	0.12%	0.12%
WEN	C	0.01%	0.05%	0.01%
WFC	A	1.08%	0.97%	0.97%
WH	B	0.01%	0.04%	0.01%
WHR	B	0.03%	0.03%	0.03%
WM	B	0.19%	0.28%	0.19%
WMB	A	0.18%	0.1%	0.1%
WMT	A	1.6%	1.71%	1.6%
WPC	C	0.05%	0.03%	0.03%
WRB	B	0.08%	0.02%	0.02%
WTFC	B	0.04%	0.01%	0.01%
WTW	B	0.14%	0.11%	0.11%
WU	F	0.01%	0.06%	0.01%
X	C	0.04%	0.03%	0.03%
XOM	B	2.34%	0.43%	0.43%
XPO	B	0.04%	0.04%	0.04%
XRAY	D	0.02%	0.02%	0.02%
XYL	D	0.13%	0.1%	0.1%
YUM	D	0.09%	0.13%	0.09%
ZBRA	B	0.09%	0.04%	0.04%
ZION	B	0.04%	0.02%	0.02%
ZTS	D	0.16%	0.05%	0.05%

IUSV Overweight 225 Positions Relative to MFUS

Symbol	Grade	Weight
DIS	B	0.87%
ABT	A	0.87%
HON	B	0.66%
MDT	D	0.48%
LIN	D	0.46%
PLD	D	0.46%
APD	A	0.31%
FDX	B	0.29%
BA	D	0.25%
ETN	B	0.24%
GEV	A	0.22%
SYK	A	0.21%
PCG	A	0.2%
EQIX	A	0.2%
KVUE	A	0.2%
ADI	D	0.19%
DE	C	0.19%
XEL	A	0.17%
CTSH	C	0.17%
HUM	D	0.15%
OXY	F	0.15%
FCX	F	0.14%
VICI	C	0.14%
TT	A	0.13%
ABNB	D	0.13%
GPN	C	0.13%
RJF	A	0.13%
WEC	A	0.13%
HAL	C	0.12%
KEYS	C	0.12%
STT	B	0.12%
TEL	C	0.12%
DVN	F	0.11%
SW	A	0.11%
EW	C	0.11%
EQT	A	0.11%
AWK	C	0.11%
EOG	A	0.11%
WBD	B	0.1%
ZBH	C	0.1%
TDY	B	0.1%
WY	D	0.1%
ILMN	C	0.1%
AME	A	0.1%
AEE	A	0.1%
EXE	A	0.09%
CNP	A	0.09%
LH	B	0.09%
FSLR	F	0.09%
IQV	F	0.09%
TRMB	B	0.08%
GPC	F	0.08%
CSGP	F	0.08%
J	D	0.08%
DAL	A	0.08%
LUV	B	0.08%
DOC	D	0.07%
EL	F	0.07%
GRMN	B	0.07%
EG	D	0.07%
ON	F	0.07%
PCAR	C	0.07%
TXT	D	0.07%
DOCU	B	0.07%
ARE	F	0.07%
ROK	B	0.07%
SWK	F	0.06%
MRNA	F	0.06%
VMC	B	0.06%
SWKS	F	0.06%
PFGC	B	0.06%
NXPI	F	0.06%
MCHP	F	0.06%
APTV	F	0.06%
AMCR	D	0.06%
AFG	A	0.05%
SNA	B	0.05%
TECH	F	0.05%
PODD	B	0.05%
DXCM	C	0.05%
RRX	B	0.05%
COO	D	0.05%
REG	A	0.05%
ALB	B	0.05%
STX	D	0.05%
KMX	C	0.05%
BG	D	0.05%
MTCH	F	0.04%
HAS	D	0.04%
EPAM	C	0.04%
OGE	A	0.04%
MTZ	A	0.04%
FRT	B	0.04%
TPL	A	0.04%
SNX	D	0.04%
ORI	A	0.04%
CNH	C	0.04%
AAL	B	0.04%
SOLV	F	0.04%
NLY	C	0.04%
GL	C	0.04%
CRL	D	0.04%
LKQ	F	0.04%
FOX	A	0.03%
KRG	A	0.03%
FNB	B	0.03%
LITE	B	0.03%
RNR	C	0.03%
CIEN	B	0.03%
STWD	C	0.03%
PAYC	B	0.03%
HR	C	0.03%
GBCI	B	0.03%
CTRA	B	0.03%
DAR	B	0.03%
COLB	B	0.03%
LVS	B	0.03%
BIO	C	0.03%
FMC	D	0.03%
VMI	B	0.03%
CF	A	0.03%
MOH	F	0.03%
CBOE	C	0.03%
ALLE	D	0.03%
CYTK	D	0.02%
CZR	F	0.02%
PII	F	0.02%
NWS	A	0.02%
PRGO	C	0.02%
MIDD	D	0.02%
ALE	A	0.02%
MAT	D	0.02%
ASH	F	0.02%
IDA	A	0.02%
CGNX	D	0.02%
HQY	A	0.02%
ASB	B	0.02%
ASGN	F	0.02%
KRC	C	0.02%
TXNM	A	0.02%
TCBI	B	0.02%
FLS	A	0.02%
OGS	A	0.02%
SBRA	B	0.02%
BKH	A	0.02%
BRBR	A	0.02%
TKO	A	0.02%
JAZZ	C	0.02%
AVNT	B	0.02%
CUZ	B	0.02%
IRT	A	0.02%
VLY	B	0.02%
POR	C	0.02%
NJR	A	0.02%
BRX	A	0.02%
ST	F	0.02%
WTRG	B	0.02%
VOYA	B	0.02%
DAY	B	0.02%
UMBF	B	0.02%
ENPH	F	0.02%
UBSI	B	0.02%
PNFP	B	0.02%
REXR	F	0.02%
FBIN	F	0.02%
HOMB	A	0.02%
UA	C	0.01%
HGV	C	0.01%
TNL	B	0.01%
IPGP	D	0.01%
YETI	D	0.01%
EPR	D	0.01%
BLKB	B	0.01%
NSA	C	0.01%
COLM	B	0.01%
KNF	B	0.01%
SYNA	D	0.01%
POWI	D	0.01%
OPCH	F	0.01%
LIVN	D	0.01%
CHH	A	0.01%
IRDM	F	0.01%
UAA	C	0.01%
CNXC	F	0.01%
VNOM	A	0.01%
LFUS	D	0.01%
ROIV	D	0.01%
CHX	C	0.01%
ALGM	F	0.01%
SRPT	F	0.01%
EEFT	C	0.01%
ALTM	C	0.01%
ZI	D	0.01%
AM	A	0.01%
IBOC	B	0.01%
ENS	D	0.01%
RCM	A	0.01%
EXPO	D	0.01%
HWC	B	0.01%
NOVT	D	0.01%
ENOV	C	0.01%
OZK	B	0.01%
GXO	B	0.01%
CHWY	B	0.01%
RH	D	0.01%
MGM	D	0.01%
MTSI	B	0.01%
CXT	C	0.01%
NEOG	D	0.01%
ALV	C	0.01%
PCH	D	0.01%
VAC	C	0.01%
FFIN	B	0.01%
EXLS	B	0.01%
AZPN	A	0.01%
EGP	D	0.01%
DOCS	C	0.01%
FLG	D	0.01%
STAG	D	0.01%
AMTM	F	0.01%
NWE	C	0.01%
NVST	C	0.01%
MAGN	F	0.0%
AZTA	F	0.0%
WMG	C	0.0%

IUSV Underweight 312 Positions Relative to MFUS

Symbol	Grade	Weight
LLY	F	-2.39%
META	C	-2.35%
NVDA	A	-1.9%
AMZN	B	-1.71%
AVGO	C	-1.59%
ORCL	A	-1.52%
AAPL	C	-0.96%
AMAT	F	-0.55%
NFLX	A	-0.52%
BKNG	A	-0.42%
NOW	B	-0.36%
FICO	B	-0.25%
PANW	B	-0.25%
ANF	C	-0.25%
KLAC	F	-0.23%
PLTR	A	-0.23%
VST	A	-0.23%
UBER	F	-0.21%
LII	A	-0.21%
CMG	C	-0.2%
WSM	D	-0.18%
DECK	A	-0.17%
LRCX	F	-0.17%
WSO	A	-0.17%
MUSA	B	-0.16%
CASY	A	-0.16%
TDG	D	-0.15%
BAH	D	-0.15%
IT	C	-0.15%
KKR	A	-0.15%
ANET	C	-0.14%
GDDY	A	-0.12%
TRGP	A	-0.11%
CRS	A	-0.11%
DASH	A	-0.11%
ALSN	B	-0.11%
BWXT	A	-0.11%
APP	A	-0.11%
PHM	D	-0.1%
COIN	A	-0.1%
HLT	A	-0.1%
JXN	C	-0.1%
RCL	A	-0.1%
CPRT	B	-0.09%
MLI	B	-0.09%
ARES	A	-0.09%
CALM	A	-0.09%
NVR	D	-0.09%
URI	B	-0.09%
GPI	B	-0.09%
HRB	D	-0.08%
SLG	B	-0.08%
ABG	B	-0.08%
TYL	B	-0.08%
HLI	B	-0.08%
ITT	A	-0.08%
LPLA	A	-0.07%
UFPI	C	-0.07%
EXP	B	-0.07%
BCC	C	-0.07%
SKYW	B	-0.07%
GEO	A	-0.07%
CNX	A	-0.07%
FTNT	B	-0.07%
AEO	F	-0.07%
HCC	B	-0.07%
VIRT	A	-0.06%
TW	A	-0.06%
SEE	D	-0.06%
ATGE	B	-0.06%
TPH	D	-0.06%
BFH	B	-0.06%
LECO	C	-0.06%
KTB	A	-0.06%
MPWR	F	-0.06%
FCNCA	A	-0.06%
MTH	D	-0.06%
FIX	A	-0.06%
LUMN	C	-0.06%
SQ	A	-0.06%
PK	D	-0.06%
TXRH	B	-0.06%
DHI	D	-0.06%
TOL	B	-0.06%
ALNY	D	-0.06%
TDS	B	-0.05%
PRIM	A	-0.05%
FANG	D	-0.05%
FLEX	B	-0.05%
NSIT	F	-0.05%
LOPE	B	-0.05%
URBN	C	-0.05%
MOG.A	B	-0.05%
SUI	C	-0.05%
TGNA	B	-0.05%
WST	D	-0.05%
EXEL	B	-0.05%
COOP	B	-0.05%
GVA	A	-0.05%
HBI	B	-0.05%
FCN	F	-0.05%
SMCI	F	-0.05%
BTU	C	-0.05%
AWI	B	-0.04%
SEM	B	-0.04%
CXW	B	-0.04%
PSTG	F	-0.04%
AGNC	C	-0.04%
SLVM	C	-0.04%
CLH	C	-0.04%
ADBE	D	-0.04%
FL	F	-0.04%
CPNG	D	-0.04%
RUSHA	B	-0.04%
TRN	A	-0.04%
SANM	B	-0.04%
BLDR	D	-0.04%
NBIX	C	-0.04%
WTM	A	-0.04%
OGN	F	-0.04%
ATI	C	-0.04%
MAC	A	-0.04%
GBX	B	-0.04%
HUBG	A	-0.04%
HEI	A	-0.04%
FTI	A	-0.04%
SIG	C	-0.04%
MHO	D	-0.04%
CRBG	B	-0.04%
EME	A	-0.04%
HOOD	A	-0.04%
CMA	B	-0.04%
RS	B	-0.04%
AROC	A	-0.04%
ABM	B	-0.04%
WERN	B	-0.04%
MAR	B	-0.04%
COKE	C	-0.03%
RRC	B	-0.03%
DRH	B	-0.03%
PNM	B	-0.03%
ACA	A	-0.03%
LZB	B	-0.03%
UNF	B	-0.03%
PINC	B	-0.03%
APAM	B	-0.03%
DK	D	-0.03%
COLD	F	-0.03%
LBRDK	C	-0.03%
BKE	B	-0.03%
LNC	B	-0.03%
OMF	A	-0.03%
RPRX	F	-0.03%
PLXS	B	-0.03%
OI	D	-0.03%
PRG	C	-0.03%
APLE	B	-0.03%
ASO	F	-0.03%
SHOO	D	-0.03%
AVA	C	-0.03%
DBRG	F	-0.03%
GMS	B	-0.03%
BKU	A	-0.03%
BLD	F	-0.03%
DDS	B	-0.03%
GGG	B	-0.03%
GNW	A	-0.03%
DOX	D	-0.03%
SM	C	-0.03%
CPAY	A	-0.03%
MC	B	-0.03%
MATX	B	-0.03%
TPX	B	-0.03%
NYT	D	-0.03%
MORN	B	-0.03%
MANH	D	-0.03%
ODP	F	-0.02%
IOSP	C	-0.02%
LXP	D	-0.02%
SAH	B	-0.02%
LEG	F	-0.02%
TTMI	B	-0.02%
SSNC	C	-0.02%
LAUR	A	-0.02%
BHE	B	-0.02%
PHIN	B	-0.02%
CSL	C	-0.02%
AXTA	B	-0.02%
ANDE	F	-0.02%
APG	C	-0.02%
HP	C	-0.02%
VFC	C	-0.02%
ODFL	B	-0.02%
DNOW	B	-0.02%
REZI	A	-0.02%
PMT	D	-0.02%
HNI	B	-0.02%
WKC	D	-0.02%
SNDR	B	-0.02%
OSIS	A	-0.02%
NAVI	F	-0.02%
WMS	F	-0.02%
LNW	F	-0.02%
EPC	F	-0.02%
JBLU	F	-0.02%
PFSI	C	-0.02%
VVV	D	-0.02%
THS	F	-0.02%
RHI	C	-0.02%
SKX	F	-0.02%
NWL	B	-0.02%
MDU	D	-0.02%
OC	A	-0.02%
SXT	C	-0.02%
RLJ	C	-0.02%
YELP	C	-0.02%
DORM	B	-0.02%
APOG	B	-0.02%
GWRE	A	-0.02%
XHR	B	-0.02%
PDCO	F	-0.02%
NTCT	C	-0.02%
VSCO	A	-0.02%
MCY	B	-0.02%
AIR	B	-0.02%
CE	F	-0.02%
SBH	B	-0.02%
BFAM	F	-0.02%
VSTO	A	-0.02%
KSS	F	-0.02%
ADNT	F	-0.02%
MSA	D	-0.02%
NEU	D	-0.02%
STC	B	-0.02%
SVC	F	-0.01%
AAP	D	-0.01%
RKT	F	-0.01%
UHAL	D	-0.01%
JELD	F	-0.01%
SCL	D	-0.01%
MLKN	F	-0.01%
IGT	F	-0.01%
CACC	F	-0.01%
ARI	C	-0.01%
WOR	F	-0.01%
ELAN	D	-0.01%
CNXN	D	-0.01%
SPR	D	-0.01%
ACI	C	-0.01%
GIII	D	-0.01%
ECPG	C	-0.01%
ALEX	B	-0.01%
UVV	B	-0.01%
JBGS	F	-0.01%
HTH	B	-0.01%
SEB	F	-0.01%
RDN	D	-0.01%
IMKTA	C	-0.01%
XRX	F	-0.01%
OUT	A	-0.01%
SHO	D	-0.01%
WGO	D	-0.01%
CNS	B	-0.01%
KALU	C	-0.01%
ESI	B	-0.01%
CENTA	C	-0.01%
CVI	D	-0.01%
ARCH	B	-0.01%
PECO	A	-0.01%
OMI	F	-0.01%
FDP	B	-0.01%
WAFD	B	-0.01%
CROX	F	-0.01%
BRC	C	-0.01%
DY	C	-0.01%
SPB	C	-0.01%
FELE	B	-0.01%
DAN	F	-0.01%
WMK	B	-0.01%
KN	B	-0.01%
STRA	C	-0.01%
BBWI	C	-0.01%
DXC	D	-0.01%
IDCC	B	-0.01%
LADR	B	-0.01%
NNI	D	-0.01%
GES	F	-0.01%
ESAB	C	-0.01%
CWEN	C	-0.01%
WWD	B	-0.01%
TTEK	F	-0.01%
CR	A	-0.01%
ICUI	D	-0.01%
CSGS	B	-0.01%
TNET	F	-0.01%
HE	C	-0.01%
PSMT	D	-0.01%
H	B	-0.01%
SATS	C	-0.01%
RBC	A	-0.01%
UHAL	D	-0.01%
GOLF	B	-0.01%
DEI	B	-0.01%
AMWD	C	-0.01%
PTEN	C	-0.01%
SCS	B	-0.01%
VNT	C	-0.01%
TDC	D	-0.01%
SCCO	F	-0.0%
NOMD	D	-0.0%
WOLF	F	-0.0%
HUN	F	-0.0%