IUSV vs. RECS ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Columbia Research Enhanced Core ETF (RECS)

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

$94.98

Average Daily Volume

464,992

Number of Holdings ^*

727

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$33.61

Average Daily Volume

276,086

Number of Holdings ^*

357

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	RECS
30 Days	0.67%	0.54%
60 Days	5.74%	6.36%
90 Days	8.83%	3.03%
12 Months	32.59%	36.84%

237 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in RECS	Overlap
	ABBV	A	0.97%	0.65%	0.65%
	ACM	A	0.03%	0.06%	0.03%
	ADM	D	0.13%	0.14%	0.13%
	ADP	A	0.3%	0.5%	0.3%
	AEE	A	0.1%	0.18%	0.1%
	AES	B	0.06%	0.11%	0.06%
	AIZ	A	0.05%	0.06%	0.05%
	ALGM	F	0.01%	0.01%	0.01%
	ALL	B	0.22%	0.28%	0.22%
	AMG	B	0.02%	0.03%	0.02%
	AMGN	D	0.77%	0.33%	0.33%
	AMH	D	0.02%	0.07%	0.02%
	AMKR	F	0.02%	0.01%	0.01%
	AMT	C	0.28%	0.59%	0.28%
	AOS	B	0.02%	0.05%	0.02%
	ARE	D	0.08%	0.11%	0.08%
	ARMK	A	0.05%	0.04%	0.04%
	ASH	F	0.02%	0.03%	0.02%
	AVTR	C	0.05%	0.11%	0.05%
	AYI	A	0.02%	0.04%	0.02%
	AZTA	F	0.0%	0.02%	0.0%
	BAC	D	1.19%	1.5%	1.19%
	BAX	D	0.09%	0.13%	0.09%
	BDX	B	0.31%	0.46%	0.31%
	BEN	F	0.03%	0.03%	0.03%
	BG	F	0.06%	0.07%	0.06%
	BIIB	F	0.13%	0.05%	0.05%
	BK	C	0.24%	0.29%	0.24%
	BLK	A	0.59%	0.76%	0.59%
	BMRN	F	0.03%	0.03%	0.03%
	BMY	B	0.46%	0.66%	0.46%
	BR	B	0.05%	0.11%	0.05%
	BRBR	C	0.02%	0.04%	0.02%
	BRX	C	0.02%	0.04%	0.02%
	BURL	D	0.03%	0.06%	0.03%
	C	B	0.53%	0.66%	0.53%
	CACI	A	0.03%	0.05%	0.03%
	CAG	D	0.07%	0.08%	0.07%
	CAH	B	0.12%	0.18%	0.12%
	CAT	A	0.35%	0.86%	0.35%
	CBOE	A	0.03%	0.12%	0.03%
	CCL	C	0.02%	0.07%	0.02%
	CF	A	0.03%	0.12%	0.03%
	CI	D	0.43%	0.64%	0.43%
	CIEN	A	0.02%	0.02%	0.02%
	CL	D	0.23%	0.43%	0.23%
	CLF	D	0.03%	0.05%	0.03%
	CME	A	0.22%	0.44%	0.22%
	CMI	B	0.2%	0.2%	0.2%
	CNC	F	0.17%	0.26%	0.17%
	CNM	F	0.02%	0.04%	0.02%
	COLB	C	0.02%	0.03%	0.02%
	COLM	B	0.01%	0.01%	0.01%
	CRI	D	0.01%	0.01%	0.01%
	CRUS	D	0.01%	0.02%	0.01%
	CSCO	A	0.95%	0.54%	0.54%
	CSGP	F	0.08%	0.16%	0.08%
	CSX	D	0.15%	0.3%	0.15%
	CTAS	B	0.14%	0.32%	0.14%
	CTRA	D	0.03%	0.05%	0.03%
	CVX	B	1.1%	0.74%	0.74%
	CW	A	0.02%	0.06%	0.02%
	DAL	C	0.07%	0.15%	0.07%
	DCI	B	0.02%	0.04%	0.02%
	DELL	C	0.07%	0.09%	0.07%
	DINO	F	0.03%	0.02%	0.02%
	DIS	D	0.78%	0.42%	0.42%
	DKS	D	0.03%	0.05%	0.03%
	DTE	A	0.12%	0.2%	0.12%
	DTM	A	0.01%	0.02%	0.01%
	EA	D	0.09%	0.09%	0.09%
	EEFT	F	0.01%	0.02%	0.01%
	EG	B	0.08%	0.09%	0.08%
	EIX	A	0.15%	0.25%	0.15%
	EOG	B	0.11%	0.21%	0.11%
	EPR	C	0.01%	0.02%	0.01%
	EQH	C	0.01%	0.08%	0.01%
	EQIX	B	0.2%	0.45%	0.2%
	ETR	A	0.12%	0.21%	0.12%
	EVRG	C	0.06%	0.11%	0.06%
	EWBC	D	0.02%	0.06%	0.02%
	EXC	A	0.18%	0.31%	0.18%
	EXPD	C	0.05%	0.08%	0.05%
	FDX	D	0.27%	0.27%	0.27%
	FFIV	B	0.06%	0.03%	0.03%
	FHN	D	0.04%	0.05%	0.04%
	FITB	C	0.13%	0.16%	0.13%
	FLS	A	0.02%	0.03%	0.02%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	G	A	0.03%	0.03%	0.03%
	GAP	F	0.02%	0.02%	0.02%
	GILD	A	0.46%	0.19%	0.19%
	GIS	C	0.18%	0.21%	0.18%
	GL	C	0.04%	0.05%	0.04%
	GLPI	A	0.04%	0.07%	0.04%
	GNRC	B	0.02%	0.04%	0.02%
	GPN	F	0.11%	0.14%	0.11%
	HCA	B	0.17%	0.51%	0.17%
	HOLX	D	0.08%	0.12%	0.08%
	HPE	B	0.12%	0.07%	0.07%
	HPQ	C	0.15%	0.09%	0.09%
	HST	D	0.02%	0.07%	0.02%
	INCY	B	0.05%	0.02%	0.02%
	INGR	A	0.03%	0.05%	0.03%
	INVH	D	0.09%	0.12%	0.09%
	JAZZ	F	0.02%	0.04%	0.02%
	JEF	A	0.04%	0.06%	0.04%
	JHG	C	0.02%	0.03%	0.02%
	JLL	B	0.06%	0.07%	0.06%
	JNJ	D	1.73%	2.57%	1.73%
	JNPR	B	0.06%	0.03%	0.03%
	JPM	D	2.67%	3.35%	2.67%
	K	B	0.1%	0.11%	0.1%
	KEX	C	0.02%	0.03%	0.02%
	KHC	D	0.14%	0.16%	0.14%
	KMB	B	0.21%	0.25%	0.21%
	KR	C	0.17%	0.19%	0.17%
	KRC	C	0.02%	0.02%	0.02%
	L	D	0.06%	0.08%	0.06%
	LDOS	A	0.1%	0.1%	0.1%
	LEA	F	0.03%	0.02%	0.02%
	LEN	B	0.09%	0.16%	0.09%
	LEN	B	0.09%	0.01%	0.01%
	LMT	A	0.55%	0.55%	0.55%
	LPX	A	0.01%	0.06%	0.01%
	LVS	B	0.03%	0.06%	0.03%
	LYB	D	0.11%	0.2%	0.11%
	M	F	0.02%	0.02%	0.02%
	MAN	D	0.02%	0.02%	0.02%
	MAS	A	0.04%	0.08%	0.04%
	MCK	F	0.28%	0.41%	0.28%
	MDT	B	0.51%	0.75%	0.51%
	MET	A	0.22%	0.26%	0.22%
	MGM	D	0.01%	0.03%	0.01%
	MHK	B	0.04%	0.03%	0.03%
	MIDD	D	0.02%	0.03%	0.02%
	MMC	D	0.24%	0.61%	0.24%
	MMM	C	0.34%	0.34%	0.34%
	MO	D	0.39%	0.45%	0.39%
	MOS	D	0.04%	0.07%	0.04%
	MPC	F	0.11%	0.17%	0.11%
	MRNA	F	0.1%	0.04%	0.04%
	MRO	D	0.03%	0.04%	0.03%
	MSI	A	0.14%	0.19%	0.14%
	MSM	D	0.01%	0.02%	0.01%
	MTCH	B	0.04%	0.02%	0.02%
	MTD	B	0.09%	0.21%	0.09%
	MTG	B	0.02%	0.04%	0.02%
	NI	A	0.07%	0.12%	0.07%
	NNN	A	0.03%	0.05%	0.03%
	NTAP	D	0.07%	0.07%	0.07%
	NUE	D	0.06%	0.29%	0.06%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.02%	0.02%
	OLN	D	0.02%	0.05%	0.02%
	OTIS	A	0.11%	0.19%	0.11%
	OXY	F	0.15%	0.1%	0.1%
	OZK	F	0.01%	0.02%	0.01%
	PAYX	A	0.11%	0.19%	0.11%
	PCAR	D	0.06%	0.23%	0.06%
	PCG	B	0.19%	0.33%	0.19%
	PG	C	1.11%	2.09%	1.11%
	PH	A	0.08%	0.37%	0.08%
	PKG	C	0.09%	0.15%	0.09%
	PM	C	0.53%	0.98%	0.53%
	PPC	B	0.01%	0.01%	0.01%
	PPG	D	0.14%	0.25%	0.14%
	PRGO	F	0.02%	0.02%	0.02%
	PRU	C	0.19%	0.24%	0.19%
	PSX	D	0.24%	0.16%	0.16%
	PVH	F	0.03%	0.02%	0.02%
	PYPL	C	0.35%	0.45%	0.35%
	QCOM	D	0.41%	0.5%	0.41%
	QRVO	F	0.04%	0.03%	0.03%
	R	C	0.03%	0.03%	0.03%
	REGN	D	0.2%	0.21%	0.2%
	RGA	C	0.06%	0.08%	0.06%
	RJF	B	0.1%	0.13%	0.1%
	RL	B	0.02%	0.03%	0.02%
	RPM	A	0.03%	0.12%	0.03%
	RYN	C	0.01%	0.03%	0.01%
	SAIC	A	0.02%	0.03%	0.02%
	SAM	D	0.01%	0.01%	0.01%
	SBAC	B	0.07%	0.13%	0.07%
	SEIC	B	0.02%	0.04%	0.02%
	SF	A	0.04%	0.05%	0.04%
	SLM	C	0.01%	0.03%	0.01%
	SMG	A	0.01%	0.03%	0.01%
	SNA	A	0.04%	0.07%	0.04%
	SNX	C	0.04%	0.02%	0.02%
	SOLV	C	0.04%	0.06%	0.04%
	SON	D	0.02%	0.04%	0.02%
	SPG	A	0.14%	0.29%	0.14%
	SRPT	F	0.01%	0.02%	0.01%
	STAG	D	0.02%	0.04%	0.02%
	STLD	B	0.03%	0.15%	0.03%
	STT	C	0.12%	0.15%	0.12%
	SWK	A	0.08%	0.07%	0.07%
	SWKS	F	0.07%	0.04%	0.04%
	SYF	B	0.09%	0.11%	0.09%
	T	A	0.7%	0.37%	0.37%
	TAP	D	0.04%	0.05%	0.04%
	TGT	C	0.32%	0.36%	0.32%
	THC	C	0.07%	0.1%	0.07%
	THO	B	0.03%	0.02%	0.02%
	TJX	C	0.21%	0.49%	0.21%
	TMO	C	0.65%	1.55%	0.65%
	TNL	B	0.0%	0.01%	0.0%
	TPR	B	0.05%	0.04%	0.04%
	TROW	D	0.11%	0.13%	0.11%
	TT	A	0.12%	0.39%	0.12%
	UAL	B	0.08%	0.09%	0.08%
	UGI	C	0.02%	0.04%	0.02%
	UNM	A	0.04%	0.06%	0.04%
	UNP	D	0.36%	0.66%	0.36%
	UPS	D	0.44%	0.44%	0.44%
	UTHR	C	0.04%	0.03%	0.03%
	VLO	F	0.19%	0.13%	0.13%
	VRSN	B	0.04%	0.04%	0.04%
	VRTX	D	0.19%	0.23%	0.19%
	VTRS	D	0.06%	0.09%	0.06%
	WAB	A	0.14%	0.14%	0.14%
	WCC	C	0.03%	0.03%	0.03%
	WFC	D	0.85%	1.11%	0.85%
	WH	C	0.01%	0.02%	0.01%
	WM	B	0.18%	0.37%	0.18%
	WPC	C	0.06%	0.07%	0.06%
	WTFC	D	0.03%	0.04%	0.03%
	WTW	B	0.13%	0.16%	0.13%
	WU	D	0.01%	0.02%	0.01%
	WY	B	0.11%	0.13%	0.11%
	XEL	A	0.16%	0.28%	0.16%
	XOM	A	2.29%	1.53%	1.53%
	XRAY	D	0.02%	0.04%	0.02%
	ZBH	F	0.1%	0.14%	0.1%
	ZION	D	0.03%	0.04%	0.03%

IUSV Overweight 491 Positions Relative to RECS

	Symbol	Grade	Weight
	BRK.A	C	3.73%
	WMT	A	1.54%
	UNH	B	1.48%
	HD	A	1.11%
	COST	C	1.01%
	IBM	B	0.91%
	ABT	B	0.87%
	VZ	A	0.84%
	DHR	C	0.79%
	MRK	F	0.77%
	NEE	A	0.77%
	KO	C	0.76%
	PFE	D	0.73%
	CMCSA	B	0.72%
	RTX	A	0.71%
	V	C	0.7%
	GS	C	0.7%
	LOW	A	0.68%
	PEP	D	0.67%
	HON	C	0.6%
	MS	B	0.58%
	TXN	C	0.54%
	ELV	F	0.54%
	MCD	A	0.54%
	MU	D	0.53%
	PLD	D	0.52%
	MA	A	0.51%
	GE	C	0.51%
	LIN	B	0.49%
	CB	A	0.48%
	TMUS	A	0.45%
	ACN	B	0.45%
	INTC	D	0.45%
	SO	A	0.44%
	SCHW	D	0.43%
	ICE	A	0.41%
	SPGI	C	0.41%
	DUK	A	0.4%
	CVS	D	0.34%
	GD	A	0.34%
	PGR	C	0.33%
	WELL	C	0.33%
	USB	C	0.32%
	NOC	B	0.32%
	PNC	C	0.32%
	APD	C	0.3%
	NEM	C	0.28%
	EMR	B	0.28%
	SLB	D	0.27%
	NKE	D	0.27%
	MDLZ	C	0.26%
	ISRG	A	0.26%
	BSX	A	0.25%
	NSC	C	0.25%
	AFL	A	0.25%
	COF	C	0.25%
	TFC	D	0.25%
	TRV	C	0.24%
	AEP	C	0.24%
	O	A	0.24%
	CCI	C	0.23%
	BA	F	0.23%
	JCI	B	0.23%
	GM	D	0.23%
	SRE	A	0.23%
	FI	A	0.22%
	ETN	C	0.22%
	DE	A	0.21%
	ADI	C	0.21%
	AIG	F	0.21%
	D	A	0.21%
	PEG	A	0.2%
	CEG	B	0.2%
	SHW	B	0.2%
	SYK	C	0.2%
	KVUE	C	0.2%
	LHX	A	0.2%
	SBUX	B	0.2%
	FIS	C	0.2%
	AXP	A	0.2%
	GEHC	C	0.19%
	F	D	0.19%
	KMI	A	0.19%
	A	B	0.19%
	MCO	D	0.18%
	KDP	C	0.18%
	ZTS	C	0.18%
	STZ	B	0.18%
	CTVA	A	0.18%
	CBRE	A	0.17%
	DD	B	0.17%
	EXR	C	0.17%
	COP	D	0.17%
	CTSH	B	0.17%
	SYY	B	0.17%
	HUM	F	0.17%
	ITW	A	0.17%
	DOW	B	0.17%
	GEV	B	0.17%
	COR	F	0.17%
	RMD	C	0.16%
	CARR	A	0.16%
	ED	A	0.16%
	BKR	B	0.16%
	FCX	B	0.16%
	AON	A	0.16%
	PSA	C	0.15%
	XYL	C	0.15%
	WMB	A	0.15%
	ROP	C	0.15%
	HIG	A	0.15%
	APH	D	0.15%
	GLW	B	0.15%
	VICI	C	0.15%
	EBAY	A	0.14%
	BX	C	0.14%
	ECL	B	0.14%
	AVB	C	0.14%
	ADSK	B	0.13%
	ABNB	D	0.13%
	AWK	B	0.13%
	DLR	C	0.13%
	MTB	C	0.13%
	AJG	D	0.13%
	NDAQ	C	0.13%
	WEC	A	0.13%
	VTR	C	0.12%
	DOV	C	0.12%
	IFF	C	0.12%
	VLTO	A	0.12%
	FSLR	C	0.12%
	KEYS	B	0.12%
	TEL	D	0.12%
	ES	C	0.11%
	PPL	A	0.11%
	DVN	F	0.11%
	SW	C	0.11%
	IQV	F	0.11%
	EQR	C	0.11%
	HAL	F	0.11%
	EW	F	0.11%
	CINF	A	0.1%
	HBAN	D	0.1%
	AMP	A	0.1%
	EQT	B	0.1%
	TER	C	0.1%
	EFX	C	0.1%
	FE	B	0.1%
	WDC	C	0.1%
	EL	D	0.1%
	CNP	B	0.09%
	DG	F	0.09%
	MSCI	B	0.09%
	J	D	0.09%
	GPC	D	0.09%
	APTV	D	0.09%
	BBY	B	0.09%
	OKE	B	0.09%
	OMC	C	0.09%
	CLX	B	0.09%
	BALL	C	0.09%
	TDY	A	0.09%
	FAST	B	0.09%
	AME	D	0.09%
	ILMN	B	0.09%
	CMS	A	0.09%
	MKC	C	0.09%
	RF	C	0.09%
	YUM	A	0.09%
	ATO	A	0.09%
	IRM	A	0.08%
	AZO	D	0.08%
	VRSK	D	0.08%
	WRB	B	0.08%
	CHTR	D	0.08%
	IP	C	0.08%
	HWM	A	0.08%
	TSN	D	0.08%
	DGX	B	0.08%
	RSG	D	0.08%
	CDW	D	0.08%
	HSY	D	0.08%
	LUV	B	0.08%
	MCHP	F	0.08%
	TSCO	A	0.08%
	AVY	C	0.08%
	ON	F	0.08%
	ORLY	A	0.08%
	NTRS	C	0.08%
	CFG	D	0.08%
	PFG	C	0.08%
	LH	D	0.08%
	MAA	C	0.08%
	IDXX	D	0.08%
	WBD	D	0.08%
	NRG	A	0.08%
	ZBRA	A	0.08%
	ESS	C	0.08%
	USFD	C	0.07%
	DLTR	F	0.07%
	GEN	A	0.07%
	MNST	D	0.07%
	TRMB	B	0.07%
	RVTY	B	0.07%
	KIM	C	0.07%
	KEY	C	0.07%
	NXPI	F	0.07%
	LNT	A	0.07%
	ROK	D	0.07%
	DOC	C	0.07%
	DFS	C	0.07%
	IEX	D	0.07%
	AMCR	B	0.07%
	TXT	F	0.07%
	TECH	C	0.06%
	GRMN	D	0.06%
	HUBB	A	0.06%
	TTWO	F	0.06%
	COO	C	0.06%
	CHRW	A	0.06%
	JKHY	A	0.06%
	SJM	C	0.06%
	CPT	C	0.06%
	EMN	C	0.06%
	WAT	B	0.06%
	UDR	C	0.06%
	STX	B	0.06%
	PWR	B	0.06%
	UHS	D	0.06%
	CHD	C	0.06%
	COHR	B	0.06%
	JBHT	D	0.06%
	NDSN	B	0.06%
	FNF	A	0.06%
	PODD	C	0.05%
	AA	B	0.05%
	NLY	C	0.05%
	STE	D	0.05%
	CRL	F	0.05%
	HII	F	0.05%
	DXCM	F	0.05%
	LKQ	F	0.05%
	BJ	D	0.05%
	CTLT	A	0.05%
	MLM	D	0.05%
	RRX	C	0.05%
	ALB	D	0.05%
	GWW	A	0.05%
	REG	C	0.05%
	TFX	C	0.05%
	IPG	C	0.05%
	BXP	C	0.05%
	VMC	D	0.05%
	KMX	F	0.05%
	ANSS	D	0.05%
	PFGC	A	0.05%
	IVZ	A	0.04%
	BERY	C	0.04%
	FYBR	C	0.04%
	WBS	D	0.04%
	ROL	B	0.04%
	X	F	0.04%
	GMED	D	0.04%
	MOH	D	0.04%
	FLR	D	0.04%
	ALGN	D	0.04%
	OGE	A	0.04%
	FMC	B	0.04%
	AKAM	D	0.04%
	BWA	B	0.04%
	AR	B	0.04%
	ORI	B	0.04%
	LAD	C	0.04%
	FRT	D	0.04%
	GME	F	0.04%
	KNX	D	0.04%
	GPK	C	0.04%
	PTC	D	0.04%
	DPZ	D	0.04%
	IR	A	0.04%
	CHK	C	0.04%
	HSIC	D	0.04%
	FDS	C	0.04%
	HRL	F	0.04%
	HAS	A	0.04%
	DRI	C	0.04%
	ALLY	F	0.04%
	MKTX	C	0.04%
	AFG	C	0.04%
	ENPH	D	0.04%
	CPB	D	0.04%
	PNW	A	0.04%
	CNH	B	0.04%
	SRCL	B	0.03%
	SCI	C	0.03%
	ERIE	A	0.03%
	KRG	C	0.03%
	WHR	B	0.03%
	VMI	B	0.03%
	DAR	F	0.03%
	CCK	C	0.03%
	ONB	D	0.03%
	AGCO	D	0.03%
	IBKR	A	0.03%
	POOL	B	0.03%
	OHI	C	0.03%
	RNR	A	0.03%
	SNV	D	0.03%
	SFM	A	0.03%
	BIO	B	0.03%
	CMC	D	0.03%
	JBL	D	0.03%
	NOV	F	0.03%
	PARA	F	0.03%
	WBA	F	0.03%
	VNO	A	0.03%
	OSK	F	0.03%
	ULTA	D	0.03%
	STWD	C	0.03%
	HR	D	0.03%
	FBIN	C	0.03%
	REXR	D	0.03%
	EPAM	F	0.03%
	XPO	F	0.03%
	PB	D	0.03%
	FAF	B	0.03%
	ESNT	C	0.03%
	ARW	C	0.03%
	SSB	C	0.03%
	TMHC	C	0.03%
	BBWI	F	0.03%
	ADC	B	0.03%
	MTZ	B	0.03%
	AAL	D	0.03%
	ALLE	A	0.03%
	GBCI	C	0.02%
	EHC	B	0.02%
	CUBE	C	0.02%
	BRO	A	0.02%
	THG	C	0.02%
	KD	F	0.02%
	POST	C	0.02%
	NFG	A	0.02%
	MDU	C	0.02%
	ST	F	0.02%
	TPL	B	0.02%
	NVST	D	0.02%
	DVA	C	0.02%
	IDA	C	0.02%
	NYCB	D	0.02%
	NWE	B	0.02%
	EGP	D	0.02%
	CHE	C	0.02%
	CNO	C	0.02%
	ALE	A	0.02%
	MAT	D	0.02%
	CZR	B	0.02%
	KMPR	D	0.02%
	MKSI	F	0.02%
	FR	C	0.02%
	CGNX	F	0.02%
	VLY	C	0.02%
	PNM	B	0.02%
	SR	C	0.02%
	OGS	C	0.02%
	ORA	C	0.02%
	CFR	D	0.02%
	SLGN	C	0.02%
	CBSH	D	0.02%
	ASGN	D	0.02%
	DAY	B	0.02%
	SBRA	C	0.02%
	LITE	A	0.02%
	ATR	A	0.02%
	BKH	C	0.02%
	PNFP	D	0.02%
	CUZ	C	0.02%
	FLO	D	0.02%
	RGLD	C	0.02%
	PII	D	0.02%
	SWX	C	0.02%
	AVNT	B	0.02%
	IRT	C	0.02%
	UMBF	C	0.02%
	WAL	C	0.02%
	VOYA	A	0.02%
	TTC	D	0.02%
	KBR	D	0.02%
	PAYC	D	0.02%
	HOG	D	0.02%
	ELS	D	0.02%
	TKO	A	0.02%
	CG	C	0.02%
	NJR	C	0.02%
	UBSI	D	0.02%
	AN	C	0.02%
	BDC	B	0.02%
	AVT	C	0.02%
	LAMR	C	0.02%
	HOMB	D	0.02%
	FNB	D	0.02%
	WTRG	D	0.02%
	PNR	C	0.02%
	POR	C	0.02%
	NXST	D	0.02%
	ALTM	D	0.01%
	IPGP	D	0.01%
	YETI	B	0.01%
	BLKB	C	0.01%
	WEN	D	0.01%
	PSN	A	0.01%
	KNF	C	0.01%
	VC	F	0.01%
	MMS	B	0.01%
	NSP	F	0.01%
	TEX	F	0.01%
	CADE	D	0.01%
	GEF	D	0.01%
	HAE	D	0.01%
	NSA	C	0.01%
	VNOM	B	0.01%
	CHH	B	0.01%
	UAA	B	0.01%
	LIVN	B	0.01%
	POWI	F	0.01%
	SYNA	D	0.01%
	AMED	D	0.01%
	IBOC	D	0.01%
	LANC	F	0.01%
	IRDM	B	0.01%
	ROIV	D	0.01%
	DLB	D	0.01%
	CHX	D	0.01%
	LFUS	C	0.01%
	CBT	B	0.01%
	HWC	D	0.01%
	CDP	A	0.01%
	LSTR	D	0.01%
	ZI	F	0.01%
	AM	A	0.01%
	JWN	D	0.01%
	VSH	F	0.01%
	RCM	B	0.01%
	MASI	B	0.01%
	RLI	A	0.01%
	BC	D	0.01%
	GXO	D	0.01%
	ENS	D	0.01%
	MTN	D	0.01%
	CPRI	B	0.01%
	CNXC	F	0.01%
	ENOV	F	0.01%
	MTSI	B	0.01%
	GT	F	0.01%
	OPCH	F	0.01%
	VAC	D	0.01%
	SIGI	D	0.01%
	GNTX	D	0.01%
	NOVT	C	0.01%
	HXL	F	0.01%
	DOCS	A	0.01%
	BHF	F	0.01%
	EXLS	A	0.01%
	EVR	C	0.01%
	GHC	B	0.01%
	CVLT	C	0.01%
	MUR	F	0.01%
	EXPO	A	0.01%
	FFIN	D	0.01%
	ALV	F	0.01%
	CXT	F	0.01%
	RH	C	0.01%
	FHI	C	0.01%
	CC	D	0.01%
	AZPN	C	0.01%
	KBH	C	0.01%
	GATX	F	0.01%
	PBF	F	0.01%
	BRKR	D	0.01%
	PAG	D	0.01%
	ASB	F	0.01%
	NEOG	D	0.01%
	PCH	C	0.01%
	LW	D	0.01%
	CYTK	F	0.01%
	TCBI	C	0.01%
	TKR	D	0.01%
	HQY	C	0.01%
	WMG	D	0.0%
	HGV	F	0.0%
	UA	B	0.0%

IUSV Underweight 120 Positions Relative to RECS

	Symbol	Grade	Weight
	AAPL	C	-8.51%
	MSFT	D	-8.09%
	NVDA	C	-7.64%
	AMZN	C	-4.79%
	META	A	-3.02%
	GOOGL	B	-2.24%
	GOOG	B	-1.9%
	UBER	C	-0.69%
	CRM	B	-0.65%
	ADBE	F	-0.57%
	BKNG	C	-0.53%
	NOW	C	-0.45%
	INTU	F	-0.43%
	VST	A	-0.31%
	LRCX	D	-0.29%
	ANET	A	-0.26%
	PANW	D	-0.26%
	HLT	A	-0.21%
	PLTR	B	-0.2%
	DHI	C	-0.2%
	ROST	C	-0.18%
	RCL	C	-0.16%
	VRT	B	-0.16%
	CRWD	D	-0.16%
	FCNCA	D	-0.13%
	RS	D	-0.13%
	SPOT	B	-0.13%
	LULU	D	-0.12%
	CE	D	-0.12%
	FTV	B	-0.12%
	FTNT	A	-0.12%
	PHM	A	-0.11%
	MPWR	B	-0.11%
	TTD	C	-0.11%
	FANG	D	-0.1%
	NVR	A	-0.1%
	BLDR	B	-0.1%
	DDOG	D	-0.09%
	DECK	B	-0.09%
	EME	C	-0.09%
	CSL	A	-0.09%
	EXP	C	-0.08%
	APP	A	-0.08%
	OC	C	-0.07%
	CVNA	A	-0.07%
	QGEN	D	-0.07%
	EXPE	B	-0.07%
	WSM	B	-0.07%
	SSNC	C	-0.07%
	RPRX	B	-0.07%
	ITT	B	-0.06%
	TOL	A	-0.06%
	ALNY	C	-0.06%
	TEAM	D	-0.06%
	FIX	A	-0.06%
	ELAN	D	-0.05%
	ZM	C	-0.05%
	BLD	C	-0.05%
	LECO	D	-0.05%
	PINS	D	-0.05%
	MEDP	F	-0.05%
	NTNX	C	-0.04%
	ALSN	A	-0.04%
	COKE	B	-0.04%
	ZS	F	-0.04%
	ACI	F	-0.04%
	PSTG	F	-0.04%
	WLK	C	-0.04%
	CRBG	C	-0.04%
	XP	F	-0.04%
	MANH	C	-0.04%
	TXRH	A	-0.04%
	H	C	-0.03%
	NTRA	A	-0.03%
	ESAB	B	-0.03%
	NEU	F	-0.03%
	MSA	F	-0.03%
	LNC	D	-0.03%
	RHI	D	-0.03%
	LNW	F	-0.03%
	DOCU	B	-0.03%
	FTI	B	-0.03%
	OGN	F	-0.03%
	HRB	C	-0.03%
	CROX	C	-0.03%
	SKX	B	-0.03%
	WYNN	B	-0.03%
	AXS	A	-0.03%
	APG	F	-0.03%
	GTLB	D	-0.02%
	GTES	C	-0.02%
	PK	D	-0.02%
	WFRD	F	-0.02%
	SMAR	A	-0.02%
	HIW	C	-0.02%
	CWEN	C	-0.02%
	LSCC	D	-0.02%
	NYT	A	-0.02%
	NBIX	F	-0.02%
	ROKU	C	-0.02%
	EXAS	C	-0.02%
	CNA	D	-0.01%
	APLS	F	-0.01%
	ADTN	B	-0.01%
	CWEN	C	-0.01%
	PEGA	B	-0.01%
	REYN	D	-0.01%
	RARE	C	-0.01%
	IONS	F	-0.01%
	VKTX	C	-0.01%
	PINC	F	-0.01%
	PATH	D	-0.01%
	BILL	D	-0.01%
	VIRT	B	-0.01%
	EXEL	B	-0.01%
	DBX	B	-0.01%
	CIVI	F	-0.01%
	PLTK	C	-0.0%
	SEB	D	-0.0%
	DDS	D	-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 Specialty Chemicals Capital Markets Medical Instruments & Supplies Software - Application Biotechnology Insurance - Property & Casualty Oil & Gas E&P Specialty Retail 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 Telecommunications Computing Dow Jones Component Insurance Products Semiconductor Beverage Plastic

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Semiconductors Software - Infrastructure Business Services Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Bank Biotechnology Medicine Banking Electricity IBD 50 Work From Home Clothing Dow Jones Component Mining Real Estate Investment Trust Software Telecommunications Electronics Life Insurance