IUSV vs. PAPI ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Parametric Equity Premium Income ETF (PAPI)

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

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	PAPI
30 Days	3.05%	3.08%
60 Days	4.28%	3.73%
90 Days	6.30%	4.88%
12 Months	27.24%	19.25%

167 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in PAPI	Overlap
	ABBV	D	0.83%	0.46%	0.46%
	ABT	B	0.87%	0.52%	0.52%
	ACN	C	0.46%	0.5%	0.46%
	ADI	D	0.19%	0.48%	0.19%
	ADM	D	0.11%	0.47%	0.11%
	ADP	B	0.33%	0.54%	0.33%
	AEE	A	0.1%	0.54%	0.1%
	AEP	D	0.22%	0.5%	0.22%
	AFG	A	0.05%	0.54%	0.05%
	AFL	B	0.24%	0.5%	0.24%
	AM	A	0.01%	0.53%	0.01%
	AMCR	D	0.06%	0.47%	0.06%
	AOS	F	0.01%	0.48%	0.01%
	APD	A	0.31%	0.51%	0.31%
	ASH	D	0.02%	0.46%	0.02%
	ATO	A	0.1%	0.53%	0.1%
	ATR	B	0.02%	0.52%	0.02%
	AVT	C	0.02%	0.51%	0.02%
	BBY	D	0.08%	0.49%	0.08%
	BDX	F	0.29%	0.5%	0.29%
	BG	F	0.05%	0.5%	0.05%
	BKR	B	0.19%	0.62%	0.19%
	CAG	D	0.06%	0.48%	0.06%
	CAH	B	0.13%	0.56%	0.13%
	CFR	B	0.02%	0.59%	0.02%
	CHD	B	0.06%	0.54%	0.06%
	CHE	D	0.01%	0.49%	0.01%
	CI	F	0.4%	0.47%	0.4%
	CINF	A	0.1%	0.58%	0.1%
	CMCSA	B	0.73%	0.54%	0.54%
	CME	A	0.22%	0.52%	0.22%
	CMI	A	0.22%	0.57%	0.22%
	COLM	B	0.01%	0.53%	0.01%
	COP	C	0.18%	0.56%	0.18%
	COR	B	0.19%	0.54%	0.19%
	COST	B	1.04%	0.54%	0.54%
	CRI	D	0.01%	0.41%	0.01%
	CSCO	B	1.02%	0.54%	0.54%
	CTRA	B	0.03%	0.57%	0.03%
	CTSH	B	0.17%	0.53%	0.17%
	CTVA	C	0.17%	0.5%	0.17%
	CVX	A	1.2%	0.57%	0.57%
	D	C	0.21%	0.5%	0.21%
	DCI	B	0.02%	0.55%	0.02%
	DD	D	0.15%	0.51%	0.15%
	DGX	A	0.08%	0.57%	0.08%
	DHR	F	0.67%	0.45%	0.45%
	DINO	D	0.03%	0.51%	0.03%
	DLB	B	0.01%	0.51%	0.01%
	DOW	F	0.14%	0.44%	0.14%
	DRI	B	0.04%	0.54%	0.04%
	DTM	B	0.02%	0.62%	0.02%
	DUK	C	0.37%	0.5%	0.37%
	DVN	F	0.11%	0.5%	0.11%
	EA	A	0.1%	0.59%	0.1%
	ED	D	0.14%	0.48%	0.14%
	ELV	F	0.41%	0.43%	0.41%
	EMN	D	0.05%	0.49%	0.05%
	EMR	A	0.32%	0.61%	0.32%
	EOG	A	0.11%	0.56%	0.11%
	ESNT	D	0.03%	0.45%	0.03%
	EVRG	A	0.06%	0.55%	0.06%
	EXPD	D	0.05%	0.52%	0.05%
	FAST	B	0.1%	0.56%	0.1%
	FE	C	0.09%	0.5%	0.09%
	FLO	D	0.02%	0.49%	0.02%
	FMC	D	0.03%	0.46%	0.03%
	FNF	B	0.07%	0.51%	0.07%
	FOX	A	0.03%	0.59%	0.03%
	FOXA	B	0.05%	0.57%	0.05%
	GD	F	0.33%	0.5%	0.33%
	GILD	C	0.5%	0.53%	0.5%
	GLW	B	0.16%	0.53%	0.16%
	GNTX	C	0.01%	0.54%	0.01%
	GPC	D	0.08%	0.45%	0.08%
	GRMN	B	0.07%	0.65%	0.07%
	HAS	D	0.04%	0.46%	0.04%
	HIG	B	0.15%	0.51%	0.15%
	HII	D	0.03%	0.39%	0.03%
	HPE	B	0.12%	0.53%	0.12%
	HPQ	B	0.16%	0.52%	0.16%
	HRL	D	0.04%	0.49%	0.04%
	IBM	C	0.84%	0.46%	0.46%
	IDA	A	0.02%	0.59%	0.02%
	INGR	B	0.03%	0.55%	0.03%
	IP	B	0.09%	0.63%	0.09%
	IPG	D	0.05%	0.45%	0.05%
	JCI	C	0.25%	0.58%	0.25%
	JHG	A	0.03%	0.58%	0.03%
	JKHY	D	0.06%	0.49%	0.06%
	JNJ	D	1.6%	0.5%	0.5%
	KDP	D	0.16%	0.46%	0.16%
	KHC	F	0.12%	0.46%	0.12%
	KMB	D	0.19%	0.49%	0.19%
	KMI	A	0.23%	0.58%	0.23%
	KO	D	0.65%	0.45%	0.45%
	LEA	D	0.02%	0.48%	0.02%
	LEN	D	0.08%	0.47%	0.08%
	LH	C	0.09%	0.57%	0.09%
	LHX	C	0.21%	0.53%	0.21%
	LIN	D	0.46%	0.49%	0.46%
	LKQ	D	0.04%	0.51%	0.04%
	LNT	A	0.07%	0.52%	0.07%
	LYB	F	0.09%	0.48%	0.09%
	MAN	D	0.01%	0.44%	0.01%
	MDT	D	0.48%	0.51%	0.48%
	MO	A	0.41%	0.59%	0.41%
	MOS	F	0.04%	0.54%	0.04%
	MRK	F	0.65%	0.46%	0.46%
	MSM	C	0.01%	0.53%	0.01%
	MTG	C	0.02%	0.5%	0.02%
	MTN	C	0.01%	0.54%	0.01%
	NEM	D	0.2%	0.38%	0.2%
	NFG	A	0.02%	0.52%	0.02%
	OGE	B	0.04%	0.55%	0.04%
	OGS	A	0.02%	0.54%	0.02%
	OKE	A	0.1%	0.61%	0.1%
	OMC	C	0.09%	0.49%	0.09%
	ORI	A	0.04%	0.54%	0.04%
	PAG	B	0.01%	0.54%	0.01%
	PAYX	C	0.12%	0.53%	0.12%
	PB	A	0.03%	0.59%	0.03%
	PEG	A	0.19%	0.52%	0.19%
	PEP	F	0.63%	0.48%	0.48%
	PFE	D	0.64%	0.44%	0.44%
	PFG	D	0.08%	0.5%	0.08%
	PG	A	1.05%	0.52%	0.52%
	PII	D	0.02%	0.43%	0.02%
	PKG	A	0.09%	0.56%	0.09%
	PM	B	0.55%	0.56%	0.55%
	POR	C	0.02%	0.51%	0.02%
	POWI	D	0.01%	0.5%	0.01%
	PPG	F	0.13%	0.49%	0.13%
	PPL	B	0.11%	0.55%	0.11%
	PRU	A	0.2%	0.53%	0.2%
	PSX	C	0.24%	0.52%	0.24%
	QCOM	F	0.38%	0.49%	0.38%
	RF	A	0.11%	0.57%	0.11%
	RGLD	C	0.02%	0.5%	0.02%
	ROP	B	0.15%	0.52%	0.15%
	RTX	C	0.69%	0.5%	0.5%
	SNA	A	0.05%	0.63%	0.05%
	SNX	C	0.04%	0.5%	0.04%
	SO	D	0.41%	0.5%	0.41%
	SON	D	0.02%	0.49%	0.02%
	SRE	A	0.25%	0.57%	0.25%
	SWKS	F	0.06%	0.45%	0.06%
	SYK	C	0.21%	0.57%	0.21%
	T	A	0.7%	0.55%	0.55%
	TAP	C	0.05%	0.59%	0.05%
	TJX	A	0.21%	0.54%	0.21%
	TROW	B	0.12%	0.56%	0.12%
	TRV	B	0.26%	0.57%	0.26%
	TXN	C	0.52%	0.53%	0.52%
	UNH	C	1.48%	0.55%	0.55%
	UNM	A	0.04%	0.61%	0.04%
	UPS	C	0.42%	0.52%	0.42%
	VLO	C	0.2%	0.55%	0.2%
	VZ	C	0.75%	0.5%	0.5%
	WEC	A	0.13%	0.52%	0.13%
	WEN	D	0.01%	0.48%	0.01%
	WHR	B	0.03%	0.57%	0.03%
	WMB	A	0.18%	0.58%	0.18%
	WMT	A	1.6%	0.54%	0.54%
	WU	D	0.01%	0.48%	0.01%
	XEL	A	0.17%	0.57%	0.17%
	XOM	B	2.34%	0.52%	0.52%

IUSV Overweight 561 Positions Relative to PAPI

	Symbol	Grade	Weight
	BRK.A	B	3.74%
	JPM	A	3.01%
	BAC	A	1.35%
	HD	A	1.11%
	WFC	A	1.08%
	DIS	B	0.87%
	GS	A	0.81%
	V	A	0.77%
	MS	A	0.72%
	AMGN	D	0.7%
	NEE	D	0.68%
	LOW	D	0.67%
	HON	B	0.66%
	BLK	C	0.64%
	C	A	0.57%
	TMO	F	0.55%
	MA	C	0.53%
	BMY	B	0.52%
	SCHW	B	0.52%
	MCD	D	0.52%
	TMUS	B	0.51%
	LMT	D	0.5%
	MU	D	0.48%
	GE	D	0.48%
	INTC	D	0.47%
	CB	C	0.47%
	PLD	D	0.46%
	SPGI	C	0.4%
	ICE	C	0.39%
	PYPL	B	0.38%
	PNC	B	0.36%
	MCK	B	0.35%
	WELL	A	0.34%
	USB	A	0.34%
	CAT	B	0.34%
	UNP	C	0.34%
	PGR	A	0.33%
	MMM	D	0.32%
	COF	B	0.31%
	TGT	F	0.31%
	NOC	D	0.3%
	CVS	D	0.3%
	FDX	B	0.29%
	GM	B	0.28%
	ISRG	A	0.28%
	SLB	C	0.27%
	TFC	A	0.27%
	FI	A	0.26%
	NSC	B	0.26%
	BA	F	0.25%
	BK	A	0.25%
	BSX	B	0.25%
	ETN	A	0.24%
	ALL	A	0.23%
	NKE	D	0.23%
	MMC	B	0.23%
	AMT	D	0.23%
	MDLZ	F	0.22%
	GEV	B	0.22%
	FIS	C	0.21%
	AXP	A	0.21%
	MET	A	0.21%
	AIG	B	0.21%
	O	D	0.21%
	CCI	D	0.2%
	PCG	A	0.2%
	VRTX	F	0.2%
	SHW	A	0.2%
	EQIX	A	0.2%
	KVUE	A	0.2%
	CL	D	0.2%
	SBUX	A	0.2%
	WM	A	0.19%
	F	C	0.19%
	DE	A	0.19%
	GEHC	F	0.17%
	STZ	D	0.17%
	A	D	0.17%
	EXC	C	0.17%
	APH	A	0.17%
	CEG	D	0.17%
	KR	B	0.17%
	ITW	B	0.17%
	CBRE	B	0.17%
	MCO	B	0.17%
	AON	A	0.17%
	ZTS	D	0.16%
	MTB	A	0.16%
	GIS	D	0.16%
	BX	A	0.16%
	SYY	B	0.16%
	REGN	F	0.15%
	HCA	F	0.15%
	CTAS	B	0.15%
	HUM	C	0.15%
	RMD	C	0.15%
	OXY	D	0.15%
	SPG	B	0.15%
	WAB	B	0.15%
	CSX	B	0.15%
	MSI	B	0.15%
	EXR	D	0.15%
	FCX	D	0.14%
	ETR	B	0.14%
	AJG	B	0.14%
	ADSK	A	0.14%
	EIX	B	0.14%
	WTW	B	0.14%
	FITB	A	0.14%
	DLR	B	0.14%
	NDAQ	A	0.14%
	AVB	B	0.14%
	CARR	D	0.14%
	VICI	C	0.14%
	TT	A	0.13%
	XYL	D	0.13%
	ABNB	C	0.13%
	GPN	B	0.13%
	RJF	A	0.13%
	UAL	A	0.13%
	PSA	D	0.13%
	EBAY	D	0.13%
	ECL	D	0.13%
	CNC	D	0.13%
	HAL	C	0.12%
	KEYS	A	0.12%
	DOV	A	0.12%
	STT	A	0.12%
	TEL	B	0.12%
	BIIB	F	0.11%
	OTIS	C	0.11%
	DTE	C	0.11%
	EQR	B	0.11%
	SW	A	0.11%
	EW	C	0.11%
	VLTO	D	0.11%
	EQT	B	0.11%
	HBAN	A	0.11%
	AWK	D	0.11%
	SYF	B	0.11%
	AMP	A	0.11%
	VTR	C	0.11%
	ES	D	0.1%
	WBD	C	0.1%
	ZBH	C	0.1%
	TDY	B	0.1%
	WY	D	0.1%
	ILMN	D	0.1%
	LDOS	C	0.1%
	IFF	D	0.1%
	AME	A	0.1%
	MPC	D	0.1%
	HWM	A	0.09%
	EXE	B	0.09%
	CNP	B	0.09%
	PH	A	0.09%
	EFX	F	0.09%
	DFS	B	0.09%
	CMS	C	0.09%
	ZBRA	B	0.09%
	MSCI	C	0.09%
	CLX	B	0.09%
	WDC	D	0.09%
	CHTR	C	0.09%
	YUM	B	0.09%
	FSLR	F	0.09%
	CFG	B	0.09%
	NTRS	A	0.09%
	K	A	0.09%
	IQV	D	0.09%
	TRMB	B	0.08%
	TSCO	D	0.08%
	TER	D	0.08%
	IEX	B	0.08%
	CSGP	D	0.08%
	J	F	0.08%
	KEY	B	0.08%
	HOLX	D	0.08%
	WRB	A	0.08%
	DELL	C	0.08%
	RSG	A	0.08%
	VRSK	A	0.08%
	TSN	B	0.08%
	DAL	C	0.08%
	MAA	B	0.08%
	NRG	B	0.08%
	BALL	D	0.08%
	MKC	D	0.08%
	INVH	D	0.08%
	ORLY	B	0.08%
	ESS	B	0.08%
	LUV	C	0.08%
	DOC	D	0.07%
	VTRS	A	0.07%
	EL	F	0.07%
	L	A	0.07%
	RGA	A	0.07%
	NTAP	C	0.07%
	IDXX	F	0.07%
	COHR	B	0.07%
	THC	D	0.07%
	EG	C	0.07%
	MNST	C	0.07%
	AVY	D	0.07%
	ON	D	0.07%
	BAX	D	0.07%
	PCAR	B	0.07%
	MTD	D	0.07%
	TXT	D	0.07%
	USFD	A	0.07%
	NI	A	0.07%
	GEN	B	0.07%
	HSY	F	0.07%
	IRM	D	0.07%
	DOCU	A	0.07%
	AZO	C	0.07%
	KIM	A	0.07%
	ARE	D	0.07%
	DG	F	0.07%
	ROK	B	0.07%
	JNPR	F	0.06%
	CPT	B	0.06%
	NUE	C	0.06%
	ANSS	B	0.06%
	HUBB	B	0.06%
	GWW	B	0.06%
	CHRW	C	0.06%
	SWK	D	0.06%
	DLTR	F	0.06%
	UDR	B	0.06%
	MRNA	F	0.06%
	VMC	B	0.06%
	TPR	B	0.06%
	PFGC	B	0.06%
	CDW	F	0.06%
	NDSN	B	0.06%
	SBAC	D	0.06%
	FFIV	B	0.06%
	NXPI	D	0.06%
	WAT	B	0.06%
	RVTY	F	0.06%
	MCHP	D	0.06%
	APTV	D	0.06%
	PWR	A	0.06%
	JBHT	C	0.06%
	TTWO	A	0.06%
	GME	C	0.05%
	AA	B	0.05%
	CTLT	B	0.05%
	FHN	A	0.05%
	NWSA	B	0.05%
	AIZ	A	0.05%
	TECH	D	0.05%
	PODD	C	0.05%
	BR	A	0.05%
	BJ	A	0.05%
	DXCM	D	0.05%
	RRX	B	0.05%
	COO	D	0.05%
	BXP	D	0.05%
	SF	B	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%
	STX	D	0.05%
	MLM	B	0.05%
	KMX	B	0.05%
	INCY	C	0.05%
	JLL	D	0.05%
	VRSN	F	0.04%
	SNV	B	0.04%
	MTCH	D	0.04%
	X	C	0.04%
	SSB	B	0.04%
	AVTR	F	0.04%
	EPAM	C	0.04%
	SFM	A	0.04%
	HSIC	B	0.04%
	MTZ	B	0.04%
	FRT	B	0.04%
	GPK	C	0.04%
	TPL	A	0.04%
	ZION	B	0.04%
	WTFC	A	0.04%
	FLR	B	0.04%
	AR	B	0.04%
	CPB	D	0.04%
	TFX	F	0.04%
	XPO	B	0.04%
	DPZ	C	0.04%
	KNX	B	0.04%
	GMED	A	0.04%
	PTC	A	0.04%
	WCC	B	0.04%
	CNH	C	0.04%
	AAL	B	0.04%
	UTHR	C	0.04%
	SOLV	C	0.04%
	STE	F	0.04%
	IR	B	0.04%
	NLY	C	0.04%
	GL	B	0.04%
	ALLY	C	0.04%
	AES	F	0.04%
	LAD	A	0.04%
	FDS	B	0.04%
	MKTX	D	0.04%
	WBS	A	0.04%
	CRL	C	0.04%
	PNW	B	0.04%
	ARMK	B	0.04%
	BRO	B	0.03%
	THO	B	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%
	ULTA	F	0.03%
	OHI	C	0.03%
	ARW	D	0.03%
	STWD	C	0.03%
	QRVO	F	0.03%
	PAYC	B	0.03%
	WBA	F	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%
	BEN	C	0.03%
	EWBC	A	0.03%
	BIO	D	0.03%
	JBL	B	0.03%
	PARA	C	0.03%
	FAF	A	0.03%
	CACI	D	0.03%
	BURL	A	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%
	STLD	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%
	CBOE	B	0.03%
	ADC	B	0.03%
	GLPI	C	0.03%
	ALLE	D	0.03%
	MRO	B	0.03%
	FYBR	D	0.03%
	ACM	A	0.03%
	BWA	D	0.03%
	IBKR	A	0.03%
	IVZ	B	0.03%
	MAS	D	0.03%
	ROL	B	0.03%
	RPM	A	0.03%
	CYTK	F	0.02%
	CNM	D	0.02%
	CZR	F	0.02%
	GATX	A	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%
	RL	B	0.02%
	CGNX	C	0.02%
	HOG	D	0.02%
	MKSI	C	0.02%
	LW	C	0.02%
	SR	A	0.02%
	HQY	B	0.02%
	ASB	B	0.02%
	SEIC	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%
	ERIE	D	0.02%
	SAIC	F	0.02%
	SLGN	A	0.02%
	KBR	F	0.02%
	KMPR	B	0.02%
	TTC	D	0.02%
	AN	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%
	VLY	B	0.02%
	AMH	D	0.02%
	ELS	C	0.02%
	CUBE	D	0.02%
	NJR	A	0.02%
	BRX	A	0.02%
	CW	B	0.02%
	NNN	D	0.02%
	HST	C	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%
	DAY	B	0.02%
	UMBF	B	0.02%
	ENPH	F	0.02%
	PNR	A	0.02%
	DKS	C	0.02%
	BMRN	D	0.02%
	UBSI	B	0.02%
	CLF	F	0.02%
	EHC	B	0.02%
	PNFP	B	0.02%
	AMG	B	0.02%
	CG	A	0.02%
	REXR	F	0.02%
	FBIN	D	0.02%
	HOMB	A	0.02%
	AGCO	D	0.02%
	CCK	C	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%
	NSA	D	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%
	OPCH	D	0.01%
	LIVN	F	0.01%
	CHH	A	0.01%
	HAE	C	0.01%
	VSH	D	0.01%
	IRDM	D	0.01%
	UAA	C	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%
	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%
	BC	C	0.01%
	JWN	C	0.01%
	IBOC	A	0.01%
	ENS	D	0.01%
	RCM	F	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%
	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%
	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%
	PBF	D	0.01%
	CVLT	B	0.01%
	SLM	A	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%
	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 22 Positions Relative to PAPI

	Symbol	Grade	Weight
	IDCC	A	-0.61%
	PINC	B	-0.6%
	RHI	B	-0.57%
	TXRH	C	-0.57%
	WSO	A	-0.56%
	RS	B	-0.56%
	GGG	B	-0.55%
	MSFT	F	-0.53%
	HP	B	-0.52%
	BMI	B	-0.52%
	CHRD	D	-0.52%
	CALM	A	-0.51%
	OXM	D	-0.51%
	NYT	C	-0.5%
	CCOI	B	-0.5%
	DOX	D	-0.49%
	RPRX	D	-0.48%
	SHOO	D	-0.47%
	HUN	F	-0.44%
	INSW	F	-0.44%
	CVI	F	-0.42%
	SCCO	F	-0.0%

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

PAPI: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Chemicals Diversified Industrials Oil & Gas E&P Packaged Foods Drug Manufacturers - Major Packaging & Containers Semiconductors Business Services Insurance - Life Oil & Gas Midstream Oil & Gas Refining & Marketing Telecom Services Utilities - Diversified Aerospace & Defense Agricultural Inputs Apparel Manufacturing Auto Parts Banks - Regional - US Beverages - Soft Drinks

Keywords: S&P 500 Natural Gas Nasdaq 100 Electricity Chemical Dow Jones Component Electronics Insurance Mining Gas Transmission Petroleum Industry Aerospace Medicine Alcohol Beverage Crude Oil Disability Electric Utility Natural Gas Liquids Plastic