IUSV vs. SPXN ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to ProShares S&P 500 Ex-Financials ETF (SPXN)

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

$96.76

Average Daily Volume

514,236

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

SPXN

ProShares S&P 500 Ex-Financials ETF

SPXN Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Financials Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Financials Sector.

Grade (RS Rating)

Last Trade

$62.56

Average Daily Volume

2,143

Number of Holdings ^*

396

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	SPXN
30 Days	-0.50%	0.02%
60 Days	2.75%	3.63%
90 Days	5.74%	4.85%
12 Months	25.87%	30.01%

333 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in SPXN	Overlap
	A	D	0.18%	0.09%	0.09%
	ABBV	F	0.97%	0.82%	0.82%
	ABNB	C	0.14%	0.14%	0.14%
	ABT	B	0.87%	0.47%	0.47%
	ACN	C	0.45%	0.52%	0.45%
	ADI	D	0.2%	0.26%	0.2%
	ADM	D	0.11%	0.06%	0.06%
	ADP	B	0.33%	0.29%	0.29%
	ADSK	B	0.14%	0.15%	0.14%
	AEE	A	0.1%	0.06%	0.06%
	AEP	C	0.22%	0.12%	0.12%
	AES	F	0.04%	0.02%	0.02%
	AKAM	F	0.04%	0.03%	0.03%
	ALB	C	0.05%	0.03%	0.03%
	ALGN	D	0.03%	0.04%	0.03%
	ALLE	D	0.03%	0.03%	0.03%
	AMCR	C	0.06%	0.03%	0.03%
	AME	A	0.1%	0.1%	0.1%
	AMGN	D	0.75%	0.41%	0.41%
	ANSS	B	0.06%	0.07%	0.06%
	AOS	F	0.02%	0.02%	0.02%
	APD	A	0.3%	0.16%	0.16%
	APH	B	0.17%	0.21%	0.17%
	APTV	F	0.06%	0.03%	0.03%
	ATO	A	0.1%	0.05%	0.05%
	AVY	D	0.07%	0.04%	0.04%
	AWK	C	0.11%	0.06%	0.06%
	AZO	C	0.07%	0.13%	0.07%
	BA	F	0.27%	0.26%	0.26%
	BALL	D	0.08%	0.04%	0.04%
	BAX	F	0.08%	0.04%	0.04%
	BBY	C	0.08%	0.04%	0.04%
	BDX	F	0.29%	0.16%	0.16%
	BG	D	0.05%	0.03%	0.03%
	BIIB	F	0.11%	0.06%	0.06%
	BKR	A	0.19%	0.1%	0.1%
	BMY	B	0.48%	0.26%	0.26%
	BR	A	0.05%	0.06%	0.05%
	BSX	B	0.25%	0.3%	0.25%
	BWA	A	0.03%	0.02%	0.02%
	CAG	F	0.06%	0.03%	0.03%
	CAH	B	0.13%	0.07%	0.07%
	CARR	D	0.14%	0.15%	0.14%
	CAT	B	0.36%	0.45%	0.36%
	CCL	A	0.03%	0.06%	0.03%
	CDW	F	0.07%	0.06%	0.06%
	CEG	D	0.18%	0.18%	0.18%
	CF	A	0.03%	0.04%	0.03%
	CHD	A	0.06%	0.06%	0.06%
	CHRW	A	0.06%	0.03%	0.03%
	CHTR	B	0.09%	0.09%	0.09%
	CI	D	0.39%	0.21%	0.21%
	CL	D	0.2%	0.18%	0.18%
	CLX	A	0.09%	0.05%	0.05%
	CMCSA	B	0.74%	0.4%	0.4%
	CMI	A	0.21%	0.11%	0.11%
	CMS	C	0.09%	0.05%	0.05%
	CNC	F	0.14%	0.07%	0.07%
	CNP	A	0.08%	0.05%	0.05%
	COP	C	0.18%	0.3%	0.18%
	COR	B	0.19%	0.1%	0.1%
	COST	B	1.02%	0.98%	0.98%
	CPB	D	0.04%	0.02%	0.02%
	CRL	D	0.05%	0.03%	0.03%
	CSCO	B	1.02%	0.55%	0.55%
	CSX	B	0.15%	0.16%	0.15%
	CTAS	B	0.15%	0.18%	0.15%
	CTLT	C	0.05%	0.02%	0.02%
	CTRA	A	0.03%	0.04%	0.03%
	CTSH	B	0.18%	0.09%	0.09%
	CTVA	D	0.18%	0.09%	0.09%
	CVS	F	0.31%	0.16%	0.16%
	CVX	A	1.16%	0.62%	0.62%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.21%	0.11%	0.11%
	DAL	A	0.08%	0.09%	0.08%
	DAY	B	0.02%	0.03%	0.02%
	DD	D	0.16%	0.08%	0.08%
	DE	D	0.2%	0.24%	0.2%
	DELL	C	0.08%	0.09%	0.08%
	DG	F	0.07%	0.04%	0.04%
	DGX	A	0.08%	0.04%	0.04%
	DHR	D	0.69%	0.37%	0.37%
	DIS	A	0.78%	0.42%	0.42%
	DLTR	F	0.06%	0.03%	0.03%
	DOV	A	0.12%	0.06%	0.06%
	DOW	F	0.15%	0.08%	0.08%
	DPZ	C	0.04%	0.04%	0.04%
	DRI	B	0.04%	0.05%	0.04%
	DTE	C	0.11%	0.06%	0.06%
	DUK	C	0.37%	0.2%	0.2%
	DVA	C	0.01%	0.02%	0.01%
	DVN	F	0.11%	0.06%	0.06%
	DXCM	C	0.05%	0.07%	0.05%
	EA	A	0.09%	0.09%	0.09%
	EBAY	D	0.13%	0.07%	0.07%
	ECL	D	0.13%	0.15%	0.13%
	ED	D	0.15%	0.08%	0.08%
	EFX	F	0.09%	0.08%	0.08%
	EIX	C	0.14%	0.07%	0.07%
	EL	F	0.07%	0.03%	0.03%
	ELV	F	0.43%	0.23%	0.23%
	EMN	C	0.05%	0.03%	0.03%
	EMR	A	0.32%	0.17%	0.17%
	ENPH	F	0.03%	0.02%	0.02%
	EOG	A	0.11%	0.18%	0.11%
	EPAM	B	0.03%	0.03%	0.03%
	EQT	A	0.11%	0.06%	0.06%
	ES	C	0.09%	0.05%	0.05%
	ETN	A	0.24%	0.34%	0.24%
	ETR	A	0.14%	0.07%	0.07%
	EVRG	A	0.06%	0.03%	0.03%
	EW	C	0.11%	0.09%	0.09%
	EXC	C	0.17%	0.09%	0.09%
	EXPD	D	0.05%	0.04%	0.04%
	F	C	0.19%	0.1%	0.1%
	FAST	B	0.1%	0.11%	0.1%
	FCX	F	0.15%	0.16%	0.15%
	FDX	A	0.28%	0.15%	0.15%
	FE	C	0.09%	0.05%	0.05%
	FFIV	B	0.06%	0.03%	0.03%
	FMC	F	0.03%	0.02%	0.02%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	FSLR	F	0.09%	0.05%	0.05%
	GD	D	0.34%	0.19%	0.19%
	GE	D	0.48%	0.47%	0.47%
	GEHC	D	0.18%	0.09%	0.09%
	GEN	B	0.07%	0.04%	0.04%
	GEV	A	0.23%	0.22%	0.22%
	GILD	B	0.53%	0.28%	0.28%
	GIS	D	0.16%	0.09%	0.09%
	GLW	B	0.16%	0.09%	0.09%
	GM	A	0.27%	0.15%	0.15%
	GNRC	B	0.02%	0.03%	0.02%
	GPC	D	0.07%	0.04%	0.04%
	GRMN	B	0.07%	0.08%	0.07%
	GWW	A	0.06%	0.13%	0.06%
	HAL	C	0.11%	0.06%	0.06%
	HAS	D	0.04%	0.02%	0.02%
	HCA	D	0.15%	0.15%	0.15%
	HD	A	1.09%	0.94%	0.94%
	HII	F	0.03%	0.02%	0.02%
	HOLX	D	0.08%	0.04%	0.04%
	HON	A	0.62%	0.33%	0.33%
	HPE	B	0.12%	0.07%	0.07%
	HPQ	B	0.16%	0.08%	0.08%
	HRL	D	0.04%	0.02%	0.02%
	HSIC	D	0.04%	0.02%	0.02%
	HSY	F	0.07%	0.06%	0.06%
	HUBB	B	0.06%	0.06%	0.06%
	HUM	F	0.15%	0.08%	0.08%
	HWM	A	0.08%	0.11%	0.08%
	IBM	D	0.86%	0.46%	0.46%
	IDXX	F	0.07%	0.08%	0.07%
	IEX	B	0.08%	0.04%	0.04%
	IFF	D	0.1%	0.05%	0.05%
	INCY	B	0.06%	0.03%	0.03%
	INTC	C	0.49%	0.26%	0.26%
	IP	A	0.09%	0.05%	0.05%
	IPG	F	0.05%	0.03%	0.03%
	IQV	F	0.1%	0.09%	0.09%
	IR	A	0.04%	0.1%	0.04%
	ISRG	A	0.28%	0.45%	0.28%
	ITW	B	0.17%	0.17%	0.17%
	J	D	0.08%	0.04%	0.04%
	JBHT	B	0.07%	0.04%	0.04%
	JBL	C	0.03%	0.04%	0.03%
	JCI	A	0.24%	0.13%	0.13%
	JNJ	D	1.64%	0.87%	0.87%
	JNPR	D	0.06%	0.03%	0.03%
	K	B	0.09%	0.05%	0.05%
	KDP	D	0.16%	0.08%	0.08%
	KEYS	C	0.13%	0.07%	0.07%
	KHC	F	0.13%	0.07%	0.07%
	KMB	C	0.19%	0.11%	0.11%
	KMI	A	0.22%	0.12%	0.12%
	KMX	B	0.05%	0.03%	0.03%
	KO	D	0.66%	0.58%	0.58%
	KR	B	0.17%	0.09%	0.09%
	KVUE	A	0.19%	0.11%	0.11%
	LDOS	C	0.11%	0.06%	0.06%
	LEN	D	0.08%	0.1%	0.08%
	LH	B	0.09%	0.05%	0.05%
	LHX	B	0.21%	0.12%	0.12%
	LIN	D	0.47%	0.52%	0.47%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.51%	0.28%	0.28%
	LNT	A	0.06%	0.03%	0.03%
	LOW	A	0.66%	0.36%	0.36%
	LUV	A	0.08%	0.04%	0.04%
	LVS	C	0.03%	0.04%	0.03%
	LW	C	0.02%	0.03%	0.02%
	LYB	F	0.1%	0.05%	0.05%
	MAS	D	0.04%	0.04%	0.04%
	MCD	D	0.52%	0.5%	0.5%
	MCHP	F	0.07%	0.09%	0.07%
	MCK	A	0.34%	0.18%	0.18%
	MDLZ	F	0.22%	0.21%	0.21%
	MDT	D	0.49%	0.26%	0.26%
	MGM	D	0.01%	0.02%	0.01%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.05%	0.05%
	MLM	B	0.06%	0.09%	0.06%
	MMM	D	0.32%	0.17%	0.17%
	MNST	D	0.07%	0.09%	0.07%
	MO	A	0.4%	0.22%	0.22%
	MOH	F	0.04%	0.05%	0.04%
	MOS	D	0.04%	0.02%	0.02%
	MPC	D	0.1%	0.12%	0.1%
	MRK	F	0.67%	0.61%	0.61%
	MRNA	F	0.07%	0.04%	0.04%
	MRO	A	0.03%	0.04%	0.03%
	MSI	A	0.14%	0.2%	0.14%
	MTCH	F	0.04%	0.02%	0.02%
	MTD	F	0.08%	0.06%	0.06%
	MU	D	0.55%	0.29%	0.29%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	C	0.67%	0.37%	0.37%
	NEM	F	0.23%	0.12%	0.12%
	NI	A	0.07%	0.04%	0.04%
	NKE	D	0.23%	0.21%	0.21%
	NOC	D	0.31%	0.17%	0.17%
	NRG	B	0.09%	0.05%	0.05%
	NSC	B	0.27%	0.14%	0.14%
	NTAP	D	0.07%	0.06%	0.06%
	NUE	D	0.06%	0.09%	0.06%
	NWS	A	0.02%	0.01%	0.01%
	NWSA	B	0.05%	0.03%	0.03%
	NXPI	F	0.07%	0.14%	0.07%
	OKE	A	0.1%	0.15%	0.1%
	OMC	C	0.09%	0.05%	0.05%
	ON	F	0.08%	0.07%	0.07%
	ORLY	A	0.08%	0.17%	0.08%
	OTIS	D	0.11%	0.09%	0.09%
	OXY	F	0.15%	0.08%	0.08%
	PARA	C	0.03%	0.02%	0.02%
	PAYC	B	0.03%	0.03%	0.03%
	PAYX	B	0.12%	0.11%	0.11%
	PCAR	B	0.07%	0.14%	0.07%
	PCG	A	0.19%	0.1%	0.1%
	PEG	C	0.18%	0.1%	0.1%
	PEP	F	0.63%	0.53%	0.53%
	PFE	F	0.68%	0.35%	0.35%
	PG	C	1.02%	0.92%	0.92%
	PH	A	0.08%	0.21%	0.08%
	PKG	B	0.09%	0.05%	0.05%
	PM	A	0.53%	0.46%	0.46%
	PNR	A	0.02%	0.04%	0.02%
	PNW	A	0.04%	0.02%	0.02%
	PODD	A	0.05%	0.04%	0.04%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.13%	0.07%	0.07%
	PPL	A	0.1%	0.06%	0.06%
	PSX	C	0.23%	0.12%	0.12%
	PTC	B	0.04%	0.05%	0.04%
	PWR	A	0.06%	0.11%	0.06%
	QCOM	F	0.4%	0.44%	0.4%
	QRVO	F	0.03%	0.02%	0.02%
	REGN	F	0.15%	0.21%	0.15%
	RL	B	0.02%	0.02%	0.02%
	RMD	C	0.16%	0.09%	0.09%
	ROK	A	0.07%	0.07%	0.07%
	ROL	A	0.03%	0.03%	0.03%
	ROP	C	0.15%	0.14%	0.14%
	RSG	B	0.08%	0.1%	0.08%
	RTX	D	0.7%	0.38%	0.38%
	RVTY	D	0.07%	0.04%	0.04%
	SBUX	A	0.19%	0.26%	0.19%
	SHW	B	0.19%	0.21%	0.19%
	SJM	F	0.05%	0.03%	0.03%
	SLB	C	0.27%	0.14%	0.14%
	SNA	A	0.04%	0.04%	0.04%
	SO	C	0.41%	0.23%	0.23%
	SOLV	C	0.05%	0.02%	0.02%
	SRE	A	0.25%	0.14%	0.14%
	STE	D	0.04%	0.05%	0.04%
	STLD	B	0.03%	0.05%	0.03%
	STX	D	0.06%	0.05%	0.05%
	STZ	D	0.16%	0.09%	0.09%
	SW	A	0.12%	0.06%	0.06%
	SWK	F	0.06%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYK	A	0.2%	0.3%	0.2%
	SYY	D	0.16%	0.09%	0.09%
	T	A	0.69%	0.37%	0.37%
	TAP	A	0.04%	0.02%	0.02%
	TDY	B	0.1%	0.05%	0.05%
	TECH	D	0.05%	0.03%	0.03%
	TER	F	0.08%	0.04%	0.04%
	TFX	F	0.04%	0.02%	0.02%
	TGT	D	0.3%	0.16%	0.16%
	TJX	A	0.2%	0.31%	0.2%
	TMO	D	0.57%	0.49%	0.49%
	TMUS	A	0.5%	0.27%	0.27%
	TPR	A	0.05%	0.03%	0.03%
	TRMB	A	0.08%	0.04%	0.04%
	TSCO	D	0.08%	0.07%	0.07%
	TSN	A	0.07%	0.04%	0.04%
	TT	A	0.12%	0.22%	0.12%
	TTWO	A	0.06%	0.07%	0.06%
	TXN	C	0.54%	0.47%	0.47%
	TXT	D	0.07%	0.04%	0.04%
	UAL	A	0.12%	0.07%	0.07%
	UHS	D	0.05%	0.03%	0.03%
	ULTA	D	0.03%	0.04%	0.03%
	UNH	B	1.51%	1.33%	1.33%
	UNP	D	0.35%	0.34%	0.34%
	UPS	C	0.43%	0.23%	0.23%
	VLO	C	0.19%	0.1%	0.1%
	VLTO	D	0.11%	0.06%	0.06%
	VMC	B	0.06%	0.09%	0.06%
	VRSK	B	0.08%	0.09%	0.08%
	VRSN	D	0.04%	0.04%	0.04%
	VRTX	C	0.2%	0.31%	0.2%
	VTRS	A	0.07%	0.04%	0.04%
	VZ	C	0.74%	0.4%	0.4%
	WAB	B	0.15%	0.08%	0.08%
	WAT	B	0.06%	0.05%	0.05%
	WBA	F	0.03%	0.02%	0.02%
	WBD	B	0.09%	0.05%	0.05%
	WDC	F	0.1%	0.05%	0.05%
	WEC	A	0.13%	0.07%	0.07%
	WM	B	0.19%	0.19%	0.19%
	WMB	A	0.18%	0.16%	0.16%
	WMT	A	1.59%	0.86%	0.86%
	XEL	A	0.16%	0.09%	0.09%
	XOM	B	2.35%	1.26%	1.26%
	XYL	D	0.13%	0.07%	0.07%
	YUM	D	0.09%	0.09%	0.09%
	ZBH	C	0.1%	0.05%	0.05%
	ZBRA	B	0.09%	0.05%	0.05%
	ZTS	D	0.15%	0.19%	0.15%

IUSV Overweight 395 Positions Relative to SPXN

	Symbol	Grade	Weight
	BRK.A	A	3.67%
	JPM	A	2.93%
	BAC	A	1.32%
	WFC	A	1.04%
	GS	A	0.8%
	V	A	0.76%
	MS	A	0.7%
	BLK	A	0.63%
	C	A	0.57%
	MA	A	0.52%
	SCHW	A	0.48%
	CB	C	0.46%
	PLD	D	0.46%
	SPGI	C	0.39%
	ICE	D	0.39%
	PYPL	A	0.36%
	WELL	A	0.35%
	PNC	A	0.35%
	USB	B	0.34%
	PGR	B	0.33%
	COF	A	0.31%
	TFC	A	0.27%
	BK	A	0.25%
	TRV	A	0.25%
	FI	A	0.25%
	AFL	C	0.24%
	AMT	D	0.24%
	MMC	C	0.23%
	ALL	A	0.22%
	CME	A	0.22%
	FIS	B	0.21%
	MET	A	0.21%
	AXP	A	0.21%
	O	D	0.21%
	AIG	B	0.21%
	CCI	D	0.2%
	EQIX	B	0.2%
	PRU	A	0.19%
	AON	A	0.18%
	MCO	C	0.17%
	CBRE	B	0.17%
	BX	A	0.16%
	SPG	A	0.15%
	HIG	C	0.15%
	MTB	A	0.15%
	EXR	C	0.15%
	AJG	A	0.14%
	FITB	A	0.14%
	WTW	B	0.14%
	DLR	A	0.14%
	NDAQ	A	0.14%
	AVB	A	0.14%
	VICI	C	0.14%
	GPN	B	0.13%
	TEL	C	0.13%
	RJF	A	0.13%
	PSA	C	0.13%
	VTR	C	0.12%
	TROW	A	0.12%
	STT	A	0.12%
	EQR	C	0.11%
	ILMN	C	0.11%
	AMP	A	0.11%
	HBAN	A	0.11%
	SYF	A	0.11%
	WY	D	0.1%
	CINF	A	0.1%
	RF	A	0.1%
	MSCI	A	0.09%
	DFS	A	0.09%
	CFG	A	0.09%
	NTRS	A	0.09%
	ARE	D	0.08%
	CSGP	F	0.08%
	KEY	A	0.08%
	WRB	A	0.08%
	MAA	A	0.08%
	PFG	C	0.08%
	INVH	D	0.08%
	ESS	A	0.08%
	EXE	A	0.08%
	L	A	0.07%
	EG	D	0.07%
	DOCU	A	0.07%
	DOC	D	0.07%
	THC	C	0.07%
	USFD	B	0.07%
	KIM	A	0.07%
	COHR	B	0.07%
	IRM	D	0.07%
	UDR	C	0.06%
	JKHY	D	0.06%
	PFGC	B	0.06%
	SBAC	D	0.06%
	RGA	A	0.06%
	FNF	C	0.06%
	ARMK	C	0.05%
	ALLY	C	0.05%
	MKTX	C	0.05%
	FHN	A	0.05%
	AIZ	A	0.05%
	JEF	A	0.05%
	SF	A	0.05%
	AA	A	0.05%
	BJ	B	0.05%
	COO	D	0.05%
	REG	A	0.05%
	RRX	B	0.05%
	BXP	D	0.05%
	WPC	D	0.05%
	JLL	C	0.05%
	CPT	D	0.05%
	IVZ	B	0.04%
	SNV	A	0.04%
	SFM	A	0.04%
	AR	B	0.04%
	SSB	A	0.04%
	TPL	A	0.04%
	OGE	A	0.04%
	ZION	A	0.04%
	WTFC	A	0.04%
	FRT	B	0.04%
	ORI	A	0.04%
	GPK	D	0.04%
	MTZ	B	0.04%
	AAL	B	0.04%
	AVTR	F	0.04%
	GME	C	0.04%
	XPO	B	0.04%
	WCC	A	0.04%
	GMED	A	0.04%
	KNX	B	0.04%
	X	D	0.04%
	SNX	D	0.04%
	FDS	A	0.04%
	NLY	C	0.04%
	AFG	A	0.04%
	GL	B	0.04%
	WBS	A	0.04%
	UNM	A	0.04%
	UTHR	B	0.04%
	LAD	A	0.04%
	FLR	B	0.04%
	CNH	D	0.04%
	NXST	D	0.03%
	CG	B	0.03%
	FNB	A	0.03%
	BRO	B	0.03%
	THO	B	0.03%
	AGCO	D	0.03%
	CCK	D	0.03%
	KRG	B	0.03%
	WHR	A	0.03%
	FBIN	D	0.03%
	PVH	C	0.03%
	ESNT	D	0.03%
	CIEN	B	0.03%
	SCI	B	0.03%
	STWD	D	0.03%
	RNR	D	0.03%
	INGR	B	0.03%
	OHI	C	0.03%
	HR	C	0.03%
	DAR	B	0.03%
	GBCI	A	0.03%
	CLF	F	0.03%
	COLB	A	0.03%
	KD	A	0.03%
	ARW	D	0.03%
	FAF	C	0.03%
	EWBC	A	0.03%
	BEN	C	0.03%
	NOV	D	0.03%
	BURL	C	0.03%
	DINO	D	0.03%
	G	A	0.03%
	R	A	0.03%
	ONB	B	0.03%
	VMI	B	0.03%
	CMC	B	0.03%
	BIO	C	0.03%
	OSK	C	0.03%
	ADC	A	0.03%
	IBKR	A	0.03%
	TMHC	B	0.03%
	VNO	B	0.03%
	PB	A	0.03%
	CBOE	D	0.03%
	BERY	D	0.03%
	GLPI	D	0.03%
	FYBR	C	0.03%
	CACI	C	0.03%
	RPM	A	0.03%
	ACM	B	0.03%
	DTM	A	0.02%
	XRAY	F	0.02%
	CYTK	D	0.02%
	GATX	A	0.02%
	FR	D	0.02%
	PRGO	C	0.02%
	NVST	C	0.02%
	IDA	A	0.02%
	PII	F	0.02%
	ALE	A	0.02%
	MIDD	D	0.02%
	MAT	C	0.02%
	SR	A	0.02%
	CNM	F	0.02%
	ASH	F	0.02%
	TCBI	A	0.02%
	HOG	D	0.02%
	DCI	B	0.02%
	MTG	C	0.02%
	MKSI	D	0.02%
	AMTM	D	0.02%
	SEIC	A	0.02%
	ASB	A	0.02%
	HQY	A	0.02%
	KMPR	A	0.02%
	TXNM	A	0.02%
	CGNX	D	0.02%
	CNO	A	0.02%
	FLS	A	0.02%
	BKH	A	0.02%
	BRBR	A	0.02%
	OGS	A	0.02%
	KEX	A	0.02%
	SLGN	B	0.02%
	KRC	C	0.02%
	JAZZ	A	0.02%
	AN	D	0.02%
	ASGN	D	0.02%
	ORA	B	0.02%
	SWX	A	0.02%
	FLO	D	0.02%
	VLY	A	0.02%
	ERIE	F	0.02%
	TKO	C	0.02%
	IRT	A	0.02%
	TTC	D	0.02%
	RGLD	C	0.02%
	ELS	B	0.02%
	AMH	C	0.02%
	AVNT	A	0.02%
	M	C	0.02%
	SBRA	C	0.02%
	ATR	B	0.02%
	CBSH	A	0.02%
	NJR	A	0.02%
	CUZ	B	0.02%
	BRX	A	0.02%
	CUBE	C	0.02%
	NNN	D	0.02%
	WAL	A	0.02%
	AYI	A	0.02%
	POR	D	0.02%
	GAP	C	0.02%
	LAMR	D	0.02%
	VOYA	A	0.02%
	SON	D	0.02%
	ST	F	0.02%
	CW	B	0.02%
	HST	D	0.02%
	AVT	C	0.02%
	WTRG	C	0.02%
	SAIC	D	0.02%
	KBR	D	0.02%
	CFR	A	0.02%
	LITE	A	0.02%
	POST	D	0.02%
	UGI	C	0.02%
	BDC	B	0.02%
	UMBF	A	0.02%
	NFG	A	0.02%
	PNFP	A	0.02%
	UBSI	A	0.02%
	HOMB	A	0.02%
	AMG	A	0.02%
	DKS	D	0.02%
	LEA	F	0.02%
	BMRN	F	0.02%
	JHG	A	0.02%
	EHC	B	0.02%
	THG	A	0.02%
	REXR	F	0.02%
	TNL	A	0.01%
	YETI	F	0.01%
	EPR	D	0.01%
	UA	B	0.01%
	CPRI	F	0.01%
	BLKB	D	0.01%
	IPGP	D	0.01%
	VC	F	0.01%
	NSP	F	0.01%
	MMS	D	0.01%
	PSN	C	0.01%
	NSA	C	0.01%
	WEN	C	0.01%
	COLM	B	0.01%
	SAM	B	0.01%
	KNF	B	0.01%
	TEX	D	0.01%
	GEF	A	0.01%
	SYNA	C	0.01%
	HAE	A	0.01%
	LIVN	C	0.01%
	CHH	A	0.01%
	IRDM	C	0.01%
	OPCH	F	0.01%
	AMED	F	0.01%
	POWI	D	0.01%
	MSM	C	0.01%
	CADE	A	0.01%
	CRI	D	0.01%
	DLB	D	0.01%
	ROIV	D	0.01%
	LFUS	D	0.01%
	CHX	C	0.01%
	VNOM	B	0.01%
	CNXC	F	0.01%
	VSH	F	0.01%
	SMG	D	0.01%
	LANC	D	0.01%
	EEFT	C	0.01%
	PPC	B	0.01%
	UAA	B	0.01%
	LSTR	D	0.01%
	EQH	B	0.01%
	CBT	C	0.01%
	ALTM	C	0.01%
	IBOC	A	0.01%
	AM	A	0.01%
	ENS	D	0.01%
	CDP	C	0.01%
	JWN	A	0.01%
	BC	D	0.01%
	RCM	A	0.01%
	SRPT	F	0.01%
	ALGM	F	0.01%
	MTN	C	0.01%
	ZI	D	0.01%
	CRUS	F	0.01%
	HWC	A	0.01%
	LPX	A	0.01%
	RLI	A	0.01%
	CHWY	B	0.01%
	OZK	A	0.01%
	GNTX	C	0.01%
	EXPO	D	0.01%
	HXL	F	0.01%
	RYN	D	0.01%
	GXO	B	0.01%
	WH	A	0.01%
	WU	F	0.01%
	BRKR	F	0.01%
	ENOV	C	0.01%
	NOVT	D	0.01%
	DOCS	C	0.01%
	SIGI	A	0.01%
	MUR	F	0.01%
	MASI	A	0.01%
	GT	C	0.01%
	RH	C	0.01%
	KBH	D	0.01%
	CXT	D	0.01%
	ALV	C	0.01%
	CC	C	0.01%
	TKR	F	0.01%
	PBF	D	0.01%
	MTSI	B	0.01%
	PCH	D	0.01%
	SLM	A	0.01%
	OLN	F	0.01%
	NEOG	D	0.01%
	PAG	A	0.01%
	GHC	A	0.01%
	CVLT	B	0.01%
	FFIN	A	0.01%
	VAC	B	0.01%
	MAN	F	0.01%
	AMKR	F	0.01%
	AZPN	A	0.01%
	EXLS	B	0.01%
	NWE	C	0.01%
	EGP	D	0.01%
	EVR	A	0.01%
	CHE	D	0.01%
	BHF	A	0.01%
	FLG	F	0.01%
	STAG	D	0.01%
	FHI	A	0.01%
	MAGN	F	0.0%
	AZTA	F	0.0%
	WMG	B	0.0%
	HGV	B	0.0%

IUSV Underweight 63 Positions Relative to SPXN

	Symbol	Grade	Weight
	NVDA	B	-8.48%
	AAPL	C	-8.06%
	MSFT	D	-7.34%
	AMZN	B	-4.54%
	META	C	-3.01%
	GOOGL	B	-2.44%
	TSLA	B	-2.08%
	GOOG	B	-2.02%
	AVGO	C	-2.0%
	LLY	F	-1.53%
	NFLX	A	-0.8%
	CRM	A	-0.73%
	ORCL	A	-0.71%
	AMD	F	-0.56%
	ADBE	F	-0.51%
	NOW	B	-0.49%
	INTU	A	-0.45%
	BKNG	A	-0.39%
	AMAT	F	-0.37%
	UBER	C	-0.35%
	PANW	B	-0.3%
	PLTR	A	-0.28%
	LRCX	F	-0.24%
	ANET	C	-0.24%
	KLAC	F	-0.22%
	SNPS	C	-0.2%
	CMG	B	-0.19%
	CDNS	B	-0.19%
	CRWD	B	-0.18%
	TDG	D	-0.18%
	MAR	A	-0.15%
	FTNT	A	-0.14%
	URI	B	-0.14%
	HLT	A	-0.14%
	FICO	A	-0.13%
	DHI	D	-0.12%
	RCL	A	-0.12%
	ROST	D	-0.11%
	VST	A	-0.11%
	CPRT	A	-0.11%
	TRGP	A	-0.1%
	IT	B	-0.1%
	ODFL	B	-0.1%
	AXON	A	-0.1%
	MPWR	F	-0.09%
	HES	B	-0.09%
	FANG	D	-0.08%
	LULU	C	-0.08%
	WST	C	-0.06%
	GDDY	A	-0.06%
	NVR	D	-0.06%
	FTV	D	-0.06%
	TYL	B	-0.06%
	DECK	A	-0.06%
	PHM	D	-0.06%
	BLDR	D	-0.05%
	EXPE	A	-0.05%
	LYV	A	-0.04%
	NCLH	B	-0.03%
	SMCI	F	-0.03%
	WYNN	D	-0.02%
	APA	F	-0.02%
	CE	F	-0.02%

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

SPXN: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Business Services Health Care Plans Household & Personal Products Information Technology Services Specialty Chemicals Utilities - Diversified Internet Content & Information Leisure

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Electronics Dow Jones Component Chemical Medicine Aerospace Semiconductor Telecommunications Petroleum Industry Transport Mining Plastic Beverage Integrated Circuits Mobile Devices Work From Home