IUSV vs. USSG ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)

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

USSG

Xtrackers MSCI USA ESG Leaders Equity ETF

USSG Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the underlying index). The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$55.44

Average Daily Volume

121,389

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	USSG
30 Days	3.05%	3.18%
60 Days	4.28%	4.88%
90 Days	6.30%	6.09%
12 Months	27.24%	32.54%

235 Overlapping Holdings

	Symbol	Grade	Weight in IUSV	Weight in USSG	Overlap
	A	D	0.17%	0.14%	0.14%
	ACN	C	0.46%	0.81%	0.46%
	ADP	B	0.33%	0.44%	0.33%
	ADSK	A	0.14%	0.24%	0.14%
	AFL	B	0.24%	0.22%	0.22%
	AIZ	A	0.05%	0.05%	0.05%
	AKAM	D	0.03%	0.05%	0.03%
	ALGN	D	0.03%	0.06%	0.03%
	ALL	A	0.23%	0.19%	0.19%
	ALLE	D	0.03%	0.04%	0.03%
	ALLY	C	0.04%	0.04%	0.04%
	AMGN	D	0.7%	0.56%	0.56%
	AMP	A	0.11%	0.21%	0.11%
	AMT	D	0.23%	0.34%	0.23%
	ANSS	B	0.06%	0.11%	0.06%
	APD	A	0.31%	0.26%	0.26%
	APTV	D	0.06%	0.05%	0.05%
	ATO	A	0.1%	0.08%	0.08%
	AVTR	F	0.04%	0.05%	0.04%
	AVY	D	0.07%	0.05%	0.05%
	AWK	D	0.11%	0.1%	0.1%
	AXP	A	0.21%	0.6%	0.21%
	AZO	C	0.07%	0.19%	0.07%
	BALL	D	0.08%	0.07%	0.07%
	BBY	D	0.08%	0.06%	0.06%
	BEN	C	0.03%	0.02%	0.02%
	BG	F	0.05%	0.04%	0.04%
	BIIB	F	0.11%	0.08%	0.08%
	BK	A	0.25%	0.21%	0.21%
	BKR	B	0.19%	0.16%	0.16%
	BLK	C	0.64%	0.55%	0.55%
	BMY	B	0.52%	0.42%	0.42%
	BR	A	0.05%	0.09%	0.05%
	BURL	A	0.03%	0.06%	0.03%
	BXP	D	0.05%	0.04%	0.04%
	CAG	D	0.06%	0.05%	0.05%
	CARR	D	0.14%	0.22%	0.14%
	CAT	B	0.34%	0.67%	0.34%
	CBOE	B	0.03%	0.08%	0.03%
	CBRE	B	0.17%	0.14%	0.14%
	CCI	D	0.2%	0.16%	0.16%
	CFG	B	0.09%	0.08%	0.08%
	CHD	B	0.06%	0.1%	0.06%
	CHRW	C	0.06%	0.04%	0.04%
	CHTR	C	0.09%	0.13%	0.09%
	CI	F	0.4%	0.33%	0.33%
	CL	D	0.2%	0.26%	0.2%
	CLX	B	0.09%	0.07%	0.07%
	CMCSA	B	0.73%	0.61%	0.61%
	CMI	A	0.22%	0.18%	0.18%
	CMS	C	0.09%	0.07%	0.07%
	CNH	C	0.04%	0.03%	0.03%
	COF	B	0.31%	0.25%	0.25%
	COR	B	0.19%	0.16%	0.16%
	CPB	D	0.04%	0.03%	0.03%
	CSX	B	0.15%	0.24%	0.15%
	CTAS	B	0.15%	0.29%	0.15%
	CTLT	B	0.05%	0.04%	0.04%
	DAL	C	0.08%	0.04%	0.04%
	DAY	B	0.02%	0.04%	0.02%
	DE	A	0.19%	0.38%	0.19%
	DFS	B	0.09%	0.16%	0.09%
	DGX	A	0.08%	0.06%	0.06%
	DHR	F	0.67%	0.56%	0.56%
	DINO	D	0.03%	0.02%	0.02%
	DIS	B	0.87%	0.76%	0.76%
	DKS	C	0.02%	0.04%	0.02%
	DLR	B	0.14%	0.22%	0.14%
	DOC	D	0.07%	0.05%	0.05%
	DOCU	A	0.07%	0.06%	0.06%
	DOV	A	0.12%	0.1%	0.1%
	DPZ	C	0.04%	0.05%	0.04%
	DRI	B	0.04%	0.07%	0.04%
	DVA	B	0.01%	0.03%	0.01%
	DXCM	D	0.05%	0.11%	0.05%
	EA	A	0.1%	0.15%	0.1%
	EBAY	D	0.13%	0.11%	0.11%
	ECL	D	0.13%	0.22%	0.13%
	ED	D	0.14%	0.12%	0.12%
	EIX	B	0.14%	0.12%	0.12%
	ELV	F	0.41%	0.33%	0.33%
	ENPH	F	0.02%	0.03%	0.02%
	EQH	B	0.01%	0.05%	0.01%
	EQIX	A	0.2%	0.31%	0.2%
	ES	D	0.1%	0.08%	0.08%
	ETN	A	0.24%	0.52%	0.24%
	EW	C	0.11%	0.15%	0.11%
	EXC	C	0.17%	0.14%	0.14%
	EXPD	D	0.05%	0.06%	0.05%
	FBIN	D	0.02%	0.03%	0.02%
	FDS	B	0.04%	0.06%	0.04%
	FI	A	0.26%	0.47%	0.26%
	FIS	C	0.21%	0.17%	0.17%
	FOX	A	0.03%	0.02%	0.02%
	FOXA	B	0.05%	0.04%	0.04%
	FSLR	F	0.09%	0.07%	0.07%
	GE	D	0.48%	0.7%	0.48%
	GEHC	F	0.17%	0.13%	0.13%
	GEN	B	0.07%	0.06%	0.06%
	GILD	C	0.5%	0.4%	0.4%
	GIS	D	0.16%	0.13%	0.13%
	GPC	D	0.08%	0.06%	0.06%
	GWW	B	0.06%	0.19%	0.06%
	HAL	C	0.12%	0.1%	0.1%
	HBAN	A	0.11%	0.09%	0.09%
	HCA	F	0.15%	0.24%	0.15%
	HD	A	1.11%	1.43%	1.11%
	HIG	B	0.15%	0.13%	0.13%
	HOLX	D	0.08%	0.07%	0.07%
	HPE	B	0.12%	0.1%	0.1%
	HPQ	B	0.16%	0.13%	0.13%
	HRL	D	0.04%	0.03%	0.03%
	HSIC	B	0.04%	0.03%	0.03%
	HUM	C	0.15%	0.13%	0.13%
	IBM	C	0.84%	0.71%	0.71%
	ICE	C	0.39%	0.32%	0.32%
	IDXX	F	0.07%	0.13%	0.07%
	IEX	B	0.08%	0.06%	0.06%
	IFF	D	0.1%	0.08%	0.08%
	INTC	D	0.47%	0.37%	0.37%
	IP	B	0.09%	0.07%	0.07%
	IPG	D	0.05%	0.04%	0.04%
	IQV	D	0.09%	0.13%	0.09%
	IR	B	0.04%	0.15%	0.04%
	IRM	D	0.07%	0.13%	0.07%
	ITW	B	0.17%	0.29%	0.17%
	JBHT	C	0.06%	0.05%	0.05%
	JCI	C	0.25%	0.2%	0.2%
	JNJ	D	1.6%	1.33%	1.33%
	JNPR	F	0.06%	0.04%	0.04%
	K	A	0.09%	0.08%	0.08%
	KDP	D	0.16%	0.13%	0.13%
	KEY	B	0.08%	0.06%	0.06%
	KEYS	A	0.12%	0.1%	0.1%
	KMB	D	0.19%	0.17%	0.17%
	KMX	B	0.05%	0.04%	0.04%
	KNX	B	0.04%	0.03%	0.03%
	KO	D	0.65%	0.93%	0.65%
	KR	B	0.17%	0.14%	0.14%
	LH	C	0.09%	0.07%	0.07%
	LIN	D	0.46%	0.78%	0.46%
	LKQ	D	0.04%	0.04%	0.04%
	LOW	D	0.67%	0.54%	0.54%
	LW	C	0.02%	0.04%	0.02%
	LYB	F	0.09%	0.08%	0.08%
	MA	C	0.53%	1.54%	0.53%
	MCD	D	0.52%	0.76%	0.52%
	MCO	B	0.17%	0.28%	0.17%
	MKC	D	0.08%	0.07%	0.07%
	MKTX	D	0.04%	0.04%	0.04%
	MLM	B	0.05%	0.13%	0.05%
	MMC	B	0.23%	0.39%	0.23%
	MMM	D	0.32%	0.25%	0.25%
	MOH	F	0.03%	0.06%	0.03%
	MPC	D	0.1%	0.21%	0.1%
	MRK	F	0.65%	0.89%	0.65%
	MS	A	0.72%	0.58%	0.58%
	MTD	D	0.07%	0.09%	0.07%
	NDAQ	A	0.14%	0.13%	0.13%
	NEM	D	0.2%	0.18%	0.18%
	NI	A	0.07%	0.06%	0.06%
	NKE	D	0.23%	0.32%	0.23%
	NRG	B	0.08%	0.07%	0.07%
	NTAP	C	0.07%	0.09%	0.07%
	NTRS	A	0.09%	0.08%	0.08%
	NUE	C	0.06%	0.13%	0.06%
	NXPI	D	0.06%	0.2%	0.06%
	OKE	A	0.1%	0.24%	0.1%
	OMC	C	0.09%	0.07%	0.07%
	ORLY	B	0.08%	0.25%	0.08%
	PAYX	C	0.12%	0.17%	0.12%
	PEP	F	0.63%	0.79%	0.63%
	PFG	D	0.08%	0.07%	0.07%
	PG	A	1.05%	1.46%	1.05%
	PGR	A	0.33%	0.54%	0.33%
	PLD	D	0.46%	0.38%	0.38%
	PNC	B	0.36%	0.29%	0.29%
	PNR	A	0.02%	0.06%	0.02%
	PODD	C	0.05%	0.07%	0.05%
	POOL	C	0.03%	0.05%	0.03%
	PPG	F	0.13%	0.1%	0.1%
	PRU	A	0.2%	0.16%	0.16%
	PSX	C	0.24%	0.2%	0.2%
	PTC	A	0.04%	0.09%	0.04%
	PWR	A	0.06%	0.18%	0.06%
	PYPL	B	0.38%	0.3%	0.3%
	RF	A	0.11%	0.09%	0.09%
	RJF	A	0.13%	0.12%	0.12%
	ROK	B	0.07%	0.12%	0.07%
	SBAC	D	0.06%	0.08%	0.06%
	SCHW	B	0.52%	0.44%	0.44%
	SJM	D	0.05%	0.04%	0.04%
	SLB	C	0.27%	0.22%	0.22%
	SOLV	C	0.04%	0.04%	0.04%
	SPGI	C	0.4%	0.58%	0.4%
	SRE	A	0.25%	0.21%	0.21%
	STE	F	0.04%	0.08%	0.04%
	STLD	B	0.03%	0.08%	0.03%
	STT	A	0.12%	0.1%	0.1%
	STX	D	0.05%	0.07%	0.05%
	SW	A	0.11%	0.1%	0.1%
	SYF	B	0.11%	0.09%	0.09%
	TECH	D	0.05%	0.04%	0.04%
	TFC	A	0.27%	0.22%	0.22%
	TFX	F	0.04%	0.03%	0.03%
	TGT	F	0.31%	0.2%	0.2%
	TJX	A	0.21%	0.49%	0.21%
	TRMB	B	0.08%	0.06%	0.06%
	TROW	B	0.12%	0.09%	0.09%
	TRV	B	0.26%	0.21%	0.21%
	TSCO	D	0.08%	0.1%	0.08%
	TT	A	0.13%	0.34%	0.13%
	TTC	D	0.02%	0.03%	0.02%
	TTWO	A	0.06%	0.11%	0.06%
	TXN	C	0.52%	0.65%	0.52%
	ULTA	F	0.03%	0.06%	0.03%
	UNP	C	0.34%	0.51%	0.34%
	UPS	C	0.42%	0.34%	0.34%
	USB	A	0.34%	0.29%	0.29%
	V	A	0.77%	1.75%	0.77%
	VLO	C	0.2%	0.17%	0.17%
	VLTO	D	0.11%	0.09%	0.09%
	VZ	C	0.75%	0.64%	0.64%
	WAT	B	0.06%	0.08%	0.06%
	WBA	F	0.03%	0.02%	0.02%
	WDC	D	0.09%	0.07%	0.07%
	WELL	A	0.34%	0.3%	0.3%
	WMB	A	0.18%	0.26%	0.18%
	WTRG	B	0.02%	0.04%	0.02%
	WTW	B	0.14%	0.11%	0.11%
	WY	D	0.1%	0.08%	0.08%
	XYL	D	0.13%	0.11%	0.11%
	YUM	B	0.09%	0.13%	0.09%
	ZBH	C	0.1%	0.08%	0.08%
	ZTS	D	0.16%	0.29%	0.16%

IUSV Overweight 493 Positions Relative to USSG

	Symbol	Grade	Weight
	BRK.A	B	3.74%
	JPM	A	3.01%
	XOM	B	2.34%
	WMT	A	1.6%
	UNH	C	1.48%
	BAC	A	1.35%
	CVX	A	1.2%
	WFC	A	1.08%
	COST	B	1.04%
	CSCO	B	1.02%
	ABT	B	0.87%
	ABBV	D	0.83%
	GS	A	0.81%
	T	A	0.7%
	RTX	C	0.69%
	NEE	D	0.68%
	HON	B	0.66%
	PFE	D	0.64%
	C	A	0.57%
	PM	B	0.55%
	TMO	F	0.55%
	TMUS	B	0.51%
	LMT	D	0.5%
	MU	D	0.48%
	MDT	D	0.48%
	CB	C	0.47%
	MO	A	0.41%
	SO	D	0.41%
	QCOM	F	0.38%
	DUK	C	0.37%
	MCK	B	0.35%
	GD	F	0.33%
	EMR	A	0.32%
	NOC	D	0.3%
	CVS	D	0.3%
	BDX	F	0.29%
	FDX	B	0.29%
	GM	B	0.28%
	ISRG	A	0.28%
	NSC	B	0.26%
	BA	F	0.25%
	BSX	B	0.25%
	KMI	A	0.23%
	AEP	D	0.22%
	MDLZ	F	0.22%
	GEV	B	0.22%
	CME	A	0.22%
	LHX	C	0.21%
	D	C	0.21%
	SYK	C	0.21%
	MET	A	0.21%
	AIG	B	0.21%
	O	D	0.21%
	PCG	A	0.2%
	VRTX	F	0.2%
	SHW	A	0.2%
	KVUE	A	0.2%
	SBUX	A	0.2%
	WM	A	0.19%
	ADI	D	0.19%
	F	C	0.19%
	PEG	A	0.19%
	COP	C	0.18%
	STZ	D	0.17%
	APH	A	0.17%
	XEL	A	0.17%
	CEG	D	0.17%
	CTVA	C	0.17%
	CTSH	B	0.17%
	AON	A	0.17%
	MTB	A	0.16%
	GLW	B	0.16%
	BX	A	0.16%
	SYY	B	0.16%
	REGN	F	0.15%
	RMD	C	0.15%
	OXY	D	0.15%
	SPG	B	0.15%
	WAB	B	0.15%
	ROP	B	0.15%
	MSI	B	0.15%
	EXR	D	0.15%
	DD	D	0.15%
	FCX	D	0.14%
	DOW	F	0.14%
	ETR	B	0.14%
	AJG	B	0.14%
	FITB	A	0.14%
	AVB	B	0.14%
	VICI	C	0.14%
	CAH	B	0.13%
	ABNB	C	0.13%
	GPN	B	0.13%
	UAL	A	0.13%
	PSA	D	0.13%
	WEC	A	0.13%
	CNC	D	0.13%
	KHC	F	0.12%
	TEL	B	0.12%
	OTIS	C	0.11%
	PPL	B	0.11%
	DVN	F	0.11%
	DTE	C	0.11%
	EQR	B	0.11%
	ADM	D	0.11%
	EQT	B	0.11%
	EOG	A	0.11%
	VTR	C	0.11%
	WBD	C	0.1%
	TDY	B	0.1%
	ILMN	D	0.1%
	LDOS	C	0.1%
	AME	A	0.1%
	CINF	A	0.1%
	FAST	B	0.1%
	AEE	A	0.1%
	HWM	A	0.09%
	EXE	B	0.09%
	CNP	B	0.09%
	PH	A	0.09%
	EFX	F	0.09%
	ZBRA	B	0.09%
	MSCI	C	0.09%
	FE	C	0.09%
	PKG	A	0.09%
	TER	D	0.08%
	CSGP	D	0.08%
	J	F	0.08%
	WRB	A	0.08%
	LEN	D	0.08%
	DELL	C	0.08%
	RSG	A	0.08%
	VRSK	A	0.08%
	TSN	B	0.08%
	MAA	B	0.08%
	INVH	D	0.08%
	ESS	B	0.08%
	LUV	C	0.08%
	VTRS	A	0.07%
	EL	F	0.07%
	GRMN	B	0.07%
	L	A	0.07%
	RGA	A	0.07%
	FNF	B	0.07%
	LNT	A	0.07%
	COHR	B	0.07%
	THC	D	0.07%
	EG	C	0.07%
	MNST	C	0.07%
	ON	D	0.07%
	BAX	D	0.07%
	PCAR	B	0.07%
	TXT	D	0.07%
	USFD	A	0.07%
	HSY	F	0.07%
	KIM	A	0.07%
	ARE	D	0.07%
	DG	F	0.07%
	JKHY	D	0.06%
	CPT	B	0.06%
	HUBB	B	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%
	SWKS	F	0.06%
	PFGC	B	0.06%
	CDW	F	0.06%
	NDSN	B	0.06%
	FFIV	B	0.06%
	RVTY	F	0.06%
	EVRG	A	0.06%
	MCHP	D	0.06%
	AMCR	D	0.06%
	AFG	A	0.05%
	SNA	A	0.05%
	GME	C	0.05%
	AA	B	0.05%
	FHN	A	0.05%
	NWSA	B	0.05%
	TAP	C	0.05%
	BJ	A	0.05%
	RRX	B	0.05%
	COO	D	0.05%
	SF	B	0.05%
	EMN	D	0.05%
	UHS	D	0.05%
	JEF	A	0.05%
	REG	B	0.05%
	WPC	D	0.05%
	ALB	C	0.05%
	INCY	C	0.05%
	JLL	D	0.05%
	VRSN	F	0.04%
	SNV	B	0.04%
	MTCH	D	0.04%
	HAS	D	0.04%
	X	C	0.04%
	SSB	B	0.04%
	EPAM	C	0.04%
	SFM	A	0.04%
	OGE	B	0.04%
	MOS	F	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%
	SNX	C	0.04%
	AR	B	0.04%
	ORI	A	0.04%
	XPO	B	0.04%
	GMED	A	0.04%
	WCC	B	0.04%
	AAL	B	0.04%
	UTHR	C	0.04%
	NLY	C	0.04%
	GL	B	0.04%
	AES	F	0.04%
	LAD	A	0.04%
	WBS	A	0.04%
	CRL	C	0.04%
	UNM	A	0.04%
	PNW	B	0.04%
	ARMK	B	0.04%
	BRO	B	0.03%
	THO	B	0.03%
	JHG	A	0.03%
	KRG	B	0.03%
	FNB	A	0.03%
	THG	A	0.03%
	PVH	C	0.03%
	LITE	B	0.03%
	RNR	C	0.03%
	CIEN	B	0.03%
	SCI	B	0.03%
	ESNT	D	0.03%
	OHI	C	0.03%
	ARW	D	0.03%
	INGR	B	0.03%
	STWD	C	0.03%
	WHR	B	0.03%
	QRVO	F	0.03%
	PAYC	B	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%
	KD	B	0.03%
	LVS	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%
	FMC	D	0.03%
	CMC	B	0.03%
	VNO	B	0.03%
	VMI	B	0.03%
	CCL	B	0.03%
	ONB	B	0.03%
	OSK	B	0.03%
	TMHC	B	0.03%
	CF	B	0.03%
	R	B	0.03%
	MHK	D	0.03%
	G	B	0.03%
	BERY	B	0.03%
	ADC	B	0.03%
	GLPI	C	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%
	MAS	D	0.03%
	ROL	B	0.03%
	RPM	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%
	RL	B	0.02%
	IDA	A	0.02%
	CGNX	C	0.02%
	HOG	D	0.02%
	MKSI	C	0.02%
	SR	A	0.02%
	DCI	B	0.02%
	MTG	C	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%
	OGS	A	0.02%
	SLGN	A	0.02%
	KBR	F	0.02%
	KMPR	B	0.02%
	AN	C	0.02%
	FLO	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%
	LAMR	D	0.02%
	ATR	B	0.02%
	AVT	C	0.02%
	VLY	B	0.02%
	AMH	D	0.02%
	ELS	C	0.02%
	CUBE	D	0.02%
	POR	C	0.02%
	NJR	A	0.02%
	BRX	A	0.02%
	CW	B	0.02%
	NNN	D	0.02%
	HST	C	0.02%
	SON	D	0.02%
	ST	F	0.02%
	WAL	B	0.02%
	AYI	B	0.02%
	GAP	C	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%
	CFR	B	0.02%
	UMBF	B	0.02%
	BMRN	D	0.02%
	UBSI	B	0.02%
	NFG	A	0.02%
	CLF	F	0.02%
	LEA	D	0.02%
	EHC	B	0.02%
	PNFP	B	0.02%
	AMG	B	0.02%
	CG	A	0.02%
	REXR	F	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%
	WEN	D	0.01%
	NSA	D	0.01%
	COLM	B	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%
	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%
	DLB	B	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%
	CRI	D	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%
	LSTR	D	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%
	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%
	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%
	CVLT	B	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%
	DOCS	C	0.01%
	FLG	C	0.01%
	STAG	F	0.01%
	BHF	B	0.01%
	AMTM	D	0.01%
	CHE	D	0.01%
	AOS	F	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 54 Positions Relative to USSG

	Symbol	Grade	Weight
	NVDA	C	-12.95%
	MSFT	F	-10.59%
	GOOGL	C	-3.73%
	TSLA	B	-3.54%
	GOOG	C	-3.23%
	LLY	F	-2.2%
	CRM	B	-1.14%
	ADBE	C	-0.8%
	AMD	F	-0.8%
	NOW	A	-0.75%
	INTU	C	-0.66%
	BKNG	A	-0.62%
	AMAT	F	-0.51%
	PANW	C	-0.46%
	LRCX	F	-0.33%
	MELI	D	-0.31%
	SNPS	B	-0.3%
	CDNS	B	-0.3%
	MRVL	B	-0.28%
	HLT	A	-0.23%
	FICO	B	-0.21%
	WDAY	B	-0.2%
	URI	B	-0.2%
	RCL	A	-0.2%
	DASH	A	-0.19%
	LNG	B	-0.18%
	DHI	D	-0.17%
	AXON	A	-0.16%
	IT	C	-0.15%
	ODFL	B	-0.15%
	TRGP	B	-0.15%
	TEAM	A	-0.14%
	LULU	C	-0.13%
	ACGL	D	-0.13%
	NVR	D	-0.12%
	HUBS	A	-0.12%
	FTV	C	-0.1%
	DECK	A	-0.1%
	PHM	D	-0.1%
	WSM	B	-0.08%
	WST	C	-0.08%
	EME	C	-0.08%
	LPLA	A	-0.08%
	ZS	C	-0.07%
	TRU	D	-0.07%
	LII	A	-0.07%
	GGG	B	-0.06%
	MANH	D	-0.06%
	OC	A	-0.06%
	TWLO	A	-0.06%
	NBIX	C	-0.04%
	BBWI	D	-0.02%
	ACI	C	-0.02%
	RIVN	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

USSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Specialty Retail Diagnostics & Research Business Services Capital Markets Packaged Foods Asset Management Banks - Regional - US Credit Services Drug Manufacturers - Major Semiconductors Specialty Chemicals Household & Personal Products Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Medical Instruments & Supplies Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Chemical Bank Banking Medicine Beverage Electronics Investment Bank Mining Telecommunications Cloud Computing Disability Electricity Financial Products Insurance Products