IUSV vs. ROUS ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Lattice U.S. Equity Strategy ETF (ROUS)

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

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$53.83

Average Daily Volume

59,393

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	ROUS
30 Days	3.05%	4.24%
60 Days	4.28%	4.66%
90 Days	6.30%	6.25%
12 Months	27.24%	30.06%

252 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in ROUS	Overlap
	ABBV	D	0.83%	0.85%	0.83%
	ABT	B	0.87%	0.14%	0.14%
	ACN	C	0.46%	0.44%	0.44%
	ADC	B	0.03%	0.17%	0.03%
	ADI	D	0.19%	0.09%	0.09%
	ADM	D	0.11%	0.03%	0.03%
	ADSK	A	0.14%	0.05%	0.05%
	AEE	A	0.1%	0.13%	0.1%
	AEP	D	0.22%	0.22%	0.22%
	AFL	B	0.24%	0.32%	0.24%
	AIG	B	0.21%	0.02%	0.02%
	AIZ	A	0.05%	0.09%	0.05%
	AKAM	D	0.03%	0.04%	0.03%
	ALL	A	0.23%	0.14%	0.14%
	AMCR	D	0.06%	0.1%	0.06%
	AMGN	D	0.7%	0.36%	0.36%
	AN	C	0.02%	0.22%	0.02%
	AOS	F	0.01%	0.01%	0.01%
	APH	A	0.17%	0.58%	0.17%
	ARW	D	0.03%	0.19%	0.03%
	ASGN	F	0.02%	0.17%	0.02%
	ATR	B	0.02%	0.08%	0.02%
	AVB	B	0.14%	0.12%	0.12%
	AVT	C	0.02%	0.69%	0.02%
	AVY	D	0.07%	0.01%	0.01%
	AYI	B	0.02%	0.22%	0.02%
	AZO	C	0.07%	0.32%	0.07%
	BAC	A	1.35%	0.11%	0.11%
	BBY	D	0.08%	0.35%	0.08%
	BJ	A	0.05%	0.09%	0.05%
	BK	A	0.25%	0.48%	0.25%
	BMY	B	0.52%	0.32%	0.32%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	3.74%	0.72%	0.72%
	BSX	B	0.25%	0.14%	0.14%
	C	A	0.57%	0.34%	0.34%
	CACI	D	0.03%	0.24%	0.03%
	CAH	B	0.13%	0.17%	0.13%
	CAT	B	0.34%	0.19%	0.19%
	CB	C	0.47%	0.33%	0.33%
	CBOE	B	0.03%	0.09%	0.03%
	CBT	C	0.01%	0.16%	0.01%
	CCI	D	0.2%	0.04%	0.04%
	CDW	F	0.06%	0.33%	0.06%
	CF	B	0.03%	0.03%	0.03%
	CHE	D	0.01%	0.13%	0.01%
	CHRW	C	0.06%	0.38%	0.06%
	CHTR	C	0.09%	0.02%	0.02%
	CI	F	0.4%	0.24%	0.24%
	CIEN	B	0.03%	0.02%	0.02%
	CINF	A	0.1%	0.5%	0.1%
	CL	D	0.2%	0.43%	0.2%
	CMC	B	0.03%	0.14%	0.03%
	CMCSA	B	0.73%	0.37%	0.37%
	CMI	A	0.22%	0.48%	0.22%
	CNC	D	0.13%	0.1%	0.1%
	COF	B	0.31%	0.04%	0.04%
	COP	C	0.18%	0.08%	0.08%
	COR	B	0.19%	0.27%	0.19%
	COST	B	1.04%	0.56%	0.56%
	CRUS	D	0.01%	0.32%	0.01%
	CSCO	B	1.02%	0.83%	0.83%
	CTAS	B	0.15%	0.43%	0.15%
	CTSH	B	0.17%	0.75%	0.17%
	CVLT	B	0.01%	0.78%	0.01%
	CVS	D	0.3%	0.44%	0.3%
	CVX	A	1.2%	0.21%	0.21%
	D	C	0.21%	0.04%	0.04%
	DCI	B	0.02%	0.24%	0.02%
	DELL	C	0.08%	0.88%	0.08%
	DGX	A	0.08%	0.27%	0.08%
	DKS	C	0.02%	0.21%	0.02%
	DLB	B	0.01%	0.25%	0.01%
	DOV	A	0.12%	0.13%	0.12%
	DTE	C	0.11%	0.23%	0.11%
	DUK	C	0.37%	0.29%	0.29%
	DVN	F	0.11%	0.1%	0.1%
	EA	A	0.1%	0.77%	0.1%
	EBAY	D	0.13%	0.33%	0.13%
	ECL	D	0.13%	0.18%	0.13%
	ED	D	0.14%	0.23%	0.14%
	EG	C	0.07%	0.26%	0.07%
	EHC	B	0.02%	0.02%	0.02%
	EIX	B	0.14%	0.12%	0.12%
	ELV	F	0.41%	0.42%	0.41%
	EOG	A	0.11%	0.63%	0.11%
	EQR	B	0.11%	0.12%	0.11%
	ETR	B	0.14%	0.37%	0.14%
	EXC	C	0.17%	0.08%	0.08%
	FAST	B	0.1%	0.49%	0.1%
	FDX	B	0.29%	0.36%	0.29%
	FE	C	0.09%	0.17%	0.09%
	FFIV	B	0.06%	0.42%	0.06%
	FHN	A	0.05%	0.02%	0.02%
	FITB	A	0.14%	0.17%	0.14%
	FLO	D	0.02%	0.19%	0.02%
	FOXA	B	0.05%	0.58%	0.05%
	GD	F	0.33%	0.07%	0.07%
	GEN	B	0.07%	0.21%	0.07%
	GILD	C	0.5%	0.7%	0.5%
	GIS	D	0.16%	0.14%	0.14%
	GLPI	C	0.03%	0.08%	0.03%
	GLW	B	0.16%	0.54%	0.16%
	GPC	D	0.08%	0.33%	0.08%
	GPK	C	0.04%	0.23%	0.04%
	GRMN	B	0.07%	0.3%	0.07%
	GWW	B	0.06%	0.58%	0.06%
	HBAN	A	0.11%	0.23%	0.11%
	HCA	F	0.15%	0.2%	0.15%
	HD	A	1.11%	0.81%	0.81%
	HON	B	0.66%	0.05%	0.05%
	HPE	B	0.12%	0.86%	0.12%
	HPQ	B	0.16%	1.07%	0.16%
	HSY	F	0.07%	0.27%	0.07%
	HUBB	B	0.06%	0.09%	0.06%
	HUM	C	0.15%	0.53%	0.15%
	IBM	C	0.84%	0.83%	0.83%
	INCY	C	0.05%	0.44%	0.05%
	INGR	B	0.03%	0.08%	0.03%
	IP	B	0.09%	0.04%	0.04%
	IRM	D	0.07%	0.18%	0.07%
	ITW	B	0.17%	0.26%	0.17%
	JBL	B	0.03%	0.16%	0.03%
	JCI	C	0.25%	0.03%	0.03%
	JHG	A	0.03%	0.08%	0.03%
	JNJ	D	1.6%	1.08%	1.08%
	JNPR	F	0.06%	0.4%	0.06%
	JPM	A	3.01%	0.81%	0.81%
	KD	B	0.03%	0.22%	0.03%
	KEYS	A	0.12%	0.25%	0.12%
	KMB	D	0.19%	0.38%	0.19%
	KNF	A	0.01%	0.07%	0.01%
	KO	D	0.65%	0.09%	0.09%
	KR	B	0.17%	0.84%	0.17%
	L	A	0.07%	0.1%	0.07%
	LAMR	D	0.02%	0.13%	0.02%
	LDOS	C	0.1%	0.11%	0.1%
	LFUS	F	0.01%	0.04%	0.01%
	LIN	D	0.46%	0.02%	0.02%
	LMT	D	0.5%	0.38%	0.38%
	LOW	D	0.67%	0.31%	0.31%
	LSTR	D	0.01%	0.23%	0.01%
	LYB	F	0.09%	0.17%	0.09%
	MA	C	0.53%	0.39%	0.39%
	MAS	D	0.03%	0.26%	0.03%
	MCD	D	0.52%	0.14%	0.14%
	MCHP	D	0.06%	0.21%	0.06%
	MCK	B	0.35%	0.54%	0.35%
	MDT	D	0.48%	0.17%	0.17%
	MMM	D	0.32%	0.15%	0.15%
	MMS	F	0.01%	0.08%	0.01%
	MO	A	0.41%	0.6%	0.41%
	MPC	D	0.1%	0.26%	0.1%
	MRK	F	0.65%	0.84%	0.65%
	MSI	B	0.15%	0.82%	0.15%
	MTB	A	0.16%	0.62%	0.16%
	MTD	D	0.07%	0.11%	0.07%
	MTG	C	0.02%	0.14%	0.02%
	NEE	D	0.68%	0.09%	0.09%
	NFG	A	0.02%	0.24%	0.02%
	NNN	D	0.02%	0.07%	0.02%
	NOC	D	0.3%	0.08%	0.08%
	NRG	B	0.08%	0.51%	0.08%
	NTAP	C	0.07%	1.0%	0.07%
	NWSA	B	0.05%	0.03%	0.03%
	NXPI	D	0.06%	0.38%	0.06%
	NXST	C	0.02%	0.04%	0.02%
	O	D	0.21%	0.14%	0.14%
	OGE	B	0.04%	0.08%	0.04%
	OHI	C	0.03%	0.02%	0.02%
	OMC	C	0.09%	0.15%	0.09%
	ONB	B	0.03%	0.01%	0.01%
	ORI	A	0.04%	0.31%	0.04%
	ORLY	B	0.08%	0.37%	0.08%
	OTIS	C	0.11%	0.28%	0.11%
	PAYX	C	0.12%	0.02%	0.02%
	PCAR	B	0.07%	0.31%	0.07%
	PEG	A	0.19%	0.24%	0.19%
	PEP	F	0.63%	0.28%	0.28%
	PG	A	1.05%	0.64%	0.64%
	PGR	A	0.33%	0.23%	0.23%
	PKG	A	0.09%	0.23%	0.09%
	PM	B	0.55%	0.34%	0.34%
	PNC	B	0.36%	0.21%	0.21%
	POR	C	0.02%	0.12%	0.02%
	PPG	F	0.13%	0.16%	0.13%
	PPL	B	0.11%	0.19%	0.11%
	PRU	A	0.2%	0.25%	0.2%
	PSA	D	0.13%	0.07%	0.07%
	PSX	C	0.24%	0.02%	0.02%
	PTC	A	0.04%	0.06%	0.04%
	QCOM	F	0.38%	0.52%	0.38%
	R	B	0.03%	0.23%	0.03%
	REGN	F	0.15%	0.17%	0.15%
	RF	A	0.11%	0.27%	0.11%
	RGA	A	0.07%	0.14%	0.07%
	RL	B	0.02%	0.14%	0.02%
	RMD	C	0.15%	0.3%	0.15%
	RNR	C	0.03%	0.16%	0.03%
	ROL	B	0.03%	0.14%	0.03%
	ROP	B	0.15%	0.2%	0.15%
	RPM	A	0.03%	0.44%	0.03%
	RSG	A	0.08%	0.2%	0.08%
	SFM	A	0.04%	0.14%	0.04%
	SHW	A	0.2%	0.51%	0.2%
	SLGN	A	0.02%	0.02%	0.02%
	SNA	A	0.05%	0.25%	0.05%
	SNX	C	0.04%	0.25%	0.04%
	SO	D	0.41%	0.26%	0.26%
	SON	D	0.02%	0.2%	0.02%
	SPG	B	0.15%	0.07%	0.07%
	SRE	A	0.25%	0.07%	0.07%
	STLD	B	0.03%	0.3%	0.03%
	STT	A	0.12%	0.25%	0.12%
	STX	D	0.05%	0.16%	0.05%
	SW	A	0.11%	0.38%	0.11%
	SWKS	F	0.06%	0.15%	0.06%
	SYF	B	0.11%	0.31%	0.11%
	SYK	C	0.21%	0.02%	0.02%
	SYY	B	0.16%	0.26%	0.16%
	T	A	0.7%	0.89%	0.7%
	TER	D	0.08%	0.33%	0.08%
	TGT	F	0.31%	0.11%	0.11%
	TJX	A	0.21%	0.28%	0.21%
	TMUS	B	0.51%	0.76%	0.51%
	TRV	B	0.26%	0.39%	0.26%
	TSCO	D	0.08%	0.32%	0.08%
	TT	A	0.13%	0.23%	0.13%
	TXN	C	0.52%	0.65%	0.52%
	UMBF	B	0.02%	0.1%	0.02%
	UNH	C	1.48%	1.02%	1.02%
	UNM	A	0.04%	0.41%	0.04%
	USB	A	0.34%	0.13%	0.13%
	UTHR	C	0.04%	0.42%	0.04%
	V	A	0.77%	0.4%	0.4%
	VICI	C	0.14%	0.31%	0.14%
	VLO	C	0.2%	0.47%	0.2%
	VMI	B	0.03%	0.1%	0.03%
	VRSK	A	0.08%	0.19%	0.08%
	VRSN	F	0.04%	0.36%	0.04%
	VRTX	F	0.2%	0.36%	0.2%
	VTR	C	0.11%	0.02%	0.02%
	VZ	C	0.75%	0.84%	0.75%
	WEC	A	0.13%	0.13%	0.13%
	WELL	A	0.34%	0.09%	0.09%
	WFC	A	1.08%	0.22%	0.22%
	WM	A	0.19%	0.31%	0.19%
	WMT	A	1.6%	1.09%	1.09%
	WPC	D	0.05%	0.01%	0.01%
	XEL	A	0.17%	0.27%	0.17%
	XOM	B	2.34%	0.82%	0.82%
	YUM	B	0.09%	0.3%	0.09%

IUSV Overweight 476 Positions Relative to ROUS

	Symbol	Grade	Weight
	DIS	B	0.87%
	GS	A	0.81%
	MS	A	0.72%
	RTX	C	0.69%
	DHR	F	0.67%
	BLK	C	0.64%
	PFE	D	0.64%
	TMO	F	0.55%
	SCHW	B	0.52%
	MU	D	0.48%
	GE	D	0.48%
	INTC	D	0.47%
	PLD	D	0.46%
	UPS	C	0.42%
	SPGI	C	0.4%
	ICE	C	0.39%
	PYPL	B	0.38%
	UNP	C	0.34%
	ADP	B	0.33%
	EMR	A	0.32%
	APD	A	0.31%
	BDX	F	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%
	ETN	A	0.24%
	KMI	A	0.23%
	NKE	D	0.23%
	MMC	B	0.23%
	AMT	D	0.23%
	MDLZ	F	0.22%
	GEV	B	0.22%
	CME	A	0.22%
	LHX	C	0.21%
	FIS	C	0.21%
	AXP	A	0.21%
	MET	A	0.21%
	PCG	A	0.2%
	EQIX	A	0.2%
	KVUE	A	0.2%
	SBUX	A	0.2%
	NEM	D	0.2%
	BKR	B	0.19%
	F	C	0.19%
	DE	A	0.19%
	WMB	A	0.18%
	GEHC	F	0.17%
	STZ	D	0.17%
	A	D	0.17%
	CEG	D	0.17%
	CTVA	C	0.17%
	CBRE	B	0.17%
	MCO	B	0.17%
	AON	A	0.17%
	ZTS	D	0.16%
	BX	A	0.16%
	KDP	D	0.16%
	OXY	D	0.15%
	HIG	B	0.15%
	WAB	B	0.15%
	CSX	B	0.15%
	EXR	D	0.15%
	DD	D	0.15%
	FCX	D	0.14%
	DOW	F	0.14%
	AJG	B	0.14%
	WTW	B	0.14%
	DLR	B	0.14%
	NDAQ	A	0.14%
	CARR	D	0.14%
	XYL	D	0.13%
	ABNB	C	0.13%
	GPN	B	0.13%
	RJF	A	0.13%
	UAL	A	0.13%
	HAL	C	0.12%
	TROW	B	0.12%
	KHC	F	0.12%
	TEL	B	0.12%
	BIIB	F	0.11%
	EW	C	0.11%
	VLTO	D	0.11%
	EQT	B	0.11%
	AWK	D	0.11%
	AMP	A	0.11%
	ES	D	0.1%
	WBD	C	0.1%
	ZBH	C	0.1%
	TDY	B	0.1%
	ATO	A	0.1%
	WY	D	0.1%
	ILMN	D	0.1%
	IFF	D	0.1%
	AME	A	0.1%
	OKE	A	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%
	LH	C	0.09%
	ZBRA	B	0.09%
	MSCI	C	0.09%
	CLX	B	0.09%
	WDC	D	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%
	IEX	B	0.08%
	CSGP	D	0.08%
	J	F	0.08%
	KEY	B	0.08%
	HOLX	D	0.08%
	WRB	A	0.08%
	LEN	D	0.08%
	TSN	B	0.08%
	DAL	C	0.08%
	PFG	D	0.08%
	MAA	B	0.08%
	BALL	D	0.08%
	MKC	D	0.08%
	INVH	D	0.08%
	ESS	B	0.08%
	LUV	C	0.08%
	DOC	D	0.07%
	VTRS	A	0.07%
	EL	F	0.07%
	FNF	B	0.07%
	LNT	A	0.07%
	IDXX	F	0.07%
	COHR	B	0.07%
	THC	D	0.07%
	MNST	C	0.07%
	ON	D	0.07%
	BAX	D	0.07%
	TXT	D	0.07%
	USFD	A	0.07%
	NI	A	0.07%
	DOCU	A	0.07%
	KIM	A	0.07%
	ARE	D	0.07%
	DG	F	0.07%
	ROK	B	0.07%
	JKHY	D	0.06%
	CPT	B	0.06%
	NUE	C	0.06%
	ANSS	B	0.06%
	CAG	D	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%
	NDSN	B	0.06%
	SBAC	D	0.06%
	WAT	B	0.06%
	RVTY	F	0.06%
	CHD	B	0.06%
	EVRG	A	0.06%
	APTV	D	0.06%
	PWR	A	0.06%
	JBHT	C	0.06%
	TTWO	A	0.06%
	AFG	A	0.05%
	GME	C	0.05%
	AA	B	0.05%
	EXPD	D	0.05%
	CTLT	B	0.05%
	IPG	D	0.05%
	TAP	C	0.05%
	TECH	D	0.05%
	PODD	C	0.05%
	DXCM	D	0.05%
	RRX	B	0.05%
	COO	D	0.05%
	BXP	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%
	ALB	C	0.05%
	MLM	B	0.05%
	KMX	B	0.05%
	JLL	D	0.05%
	BG	F	0.05%
	SNV	B	0.04%
	MTCH	D	0.04%
	HAS	D	0.04%
	X	C	0.04%
	SSB	B	0.04%
	AVTR	F	0.04%
	EPAM	C	0.04%
	HSIC	B	0.04%
	MOS	F	0.04%
	MTZ	B	0.04%
	FRT	B	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%
	HRL	D	0.04%
	TFX	F	0.04%
	XPO	B	0.04%
	DPZ	C	0.04%
	KNX	B	0.04%
	GMED	A	0.04%
	WCC	B	0.04%
	CNH	C	0.04%
	AAL	B	0.04%
	SOLV	C	0.04%
	STE	F	0.04%
	IR	B	0.04%
	DRI	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%
	LKQ	D	0.04%
	BRO	B	0.03%
	THO	B	0.03%
	FOX	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%
	SCI	B	0.03%
	ESNT	D	0.03%
	ULTA	F	0.03%
	STWD	C	0.03%
	WHR	B	0.03%
	QRVO	F	0.03%
	PAYC	B	0.03%
	WBA	F	0.03%
	HR	C	0.03%
	GBCI	B	0.03%
	CTRA	B	0.03%
	DAR	C	0.03%
	NOV	C	0.03%
	COLB	A	0.03%
	LVS	C	0.03%
	BEN	C	0.03%
	EWBC	A	0.03%
	BIO	D	0.03%
	PARA	C	0.03%
	FAF	A	0.03%
	FMC	D	0.03%
	BURL	A	0.03%
	DINO	D	0.03%
	VNO	B	0.03%
	CCL	B	0.03%
	ALGN	D	0.03%
	OSK	B	0.03%
	TMHC	B	0.03%
	MHK	D	0.03%
	MOH	F	0.03%
	G	B	0.03%
	BERY	B	0.03%
	ALLE	D	0.03%
	MRO	B	0.03%
	FYBR	D	0.03%
	HII	D	0.03%
	ACM	A	0.03%
	BWA	D	0.03%
	IBKR	A	0.03%
	IVZ	B	0.03%
	PB	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%
	IDA	A	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%
	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%
	OGS	A	0.02%
	KBR	F	0.02%
	KMPR	B	0.02%
	TTC	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%
	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%
	HST	C	0.02%
	ST	F	0.02%
	WAL	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%
	POST	C	0.02%
	CFR	B	0.02%
	DAY	B	0.02%
	ENPH	F	0.02%
	PNR	A	0.02%
	BMRN	D	0.02%
	UBSI	B	0.02%
	CLF	F	0.02%
	LEA	D	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%
	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%
	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%
	CNXC	F	0.01%
	VNOM	A	0.01%
	CADE	B	0.01%
	LANC	C	0.01%
	ROIV	C	0.01%
	CRI	D	0.01%
	CHX	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%
	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%
	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%
	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%
	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 93 Positions Relative to ROUS

	Symbol	Grade	Weight
	GOOGL	C	-1.26%
	AAPL	C	-1.22%
	MSFT	F	-1.14%
	NVDA	C	-0.99%
	META	D	-0.78%
	LLY	F	-0.75%
	FICO	B	-0.67%
	MUSA	A	-0.64%
	ORCL	B	-0.64%
	AVGO	D	-0.63%
	IT	C	-0.56%
	GDDY	A	-0.52%
	AMZN	C	-0.52%
	ALSN	B	-0.49%
	HRB	D	-0.49%
	DBX	B	-0.43%
	ACI	C	-0.41%
	MLI	C	-0.4%
	EME	C	-0.39%
	RS	B	-0.39%
	SANM	B	-0.37%
	AXS	A	-0.37%
	VNT	B	-0.36%
	NYT	C	-0.35%
	MKL	A	-0.33%
	LNG	B	-0.33%
	NSIT	F	-0.32%
	BMI	B	-0.32%
	ANET	C	-0.31%
	RHI	B	-0.29%
	AMAT	F	-0.29%
	WTM	A	-0.29%
	PHM	D	-0.29%
	GPI	A	-0.29%
	EXEL	B	-0.29%
	CDNS	B	-0.29%
	KLAC	D	-0.28%
	ALKS	B	-0.27%
	CASY	A	-0.26%
	LOPE	B	-0.25%
	MANH	D	-0.24%
	NVR	D	-0.24%
	ACGL	D	-0.24%
	AIT	A	-0.23%
	BKNG	A	-0.23%
	CRBG	B	-0.23%
	WSM	B	-0.22%
	OC	A	-0.2%
	OGN	D	-0.2%
	SNPS	B	-0.19%
	RDN	C	-0.19%
	DHI	D	-0.19%
	WSO	A	-0.19%
	DY	D	-0.18%
	LRCX	F	-0.17%
	UFPI	B	-0.17%
	BAH	F	-0.17%
	ADBE	C	-0.16%
	VST	B	-0.16%
	SKX	D	-0.16%
	FLEX	A	-0.14%
	BPOP	B	-0.14%
	FCN	D	-0.14%
	COKE	C	-0.13%
	PANW	C	-0.13%
	BLDR	D	-0.12%
	LII	A	-0.12%
	PSTG	D	-0.12%
	FANG	D	-0.12%
	INTU	C	-0.11%
	FSS	B	-0.1%
	CHRD	D	-0.09%
	ACIW	B	-0.08%
	GWRE	A	-0.07%
	APPF	B	-0.07%
	FTNT	C	-0.07%
	LNC	B	-0.06%
	CSWI	A	-0.06%
	SPSC	C	-0.06%
	AWI	A	-0.05%
	ANF	C	-0.05%
	MOG.A	B	-0.05%
	NOW	A	-0.05%
	FELE	B	-0.04%
	EPRT	B	-0.04%
	BCO	D	-0.04%
	ITCI	C	-0.04%
	SEE	C	-0.02%
	MSA	D	-0.02%
	ITRI	B	-0.02%
	AAON	B	-0.02%
	MPWR	F	-0.01%
	MTH	D	-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

ROUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Specialty Retail Banks - Regional - US Business Services Semiconductors Information Technology Services Insurance - Property & Casualty Packaging & Containers Biotechnology Drug Manufacturers - Major Specialty Chemicals Building Materials Health Care Plans Oil & Gas E&P REIT - Diversified Software - Infrastructure Utilities - Diversified Communication Equipment

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Dow Jones Component Electricity Electronics Banking Chemical Telecommunications Bank Insurance Products Semiconductor Aerospace Mining Cloud Computing Mobile Devices Retailing Integrated Circuits