IWS vs. BND ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Vanguard Total Bond Market ETF (BND)

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization 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 Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$138.63

Average Daily Volume

282,879

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.59

Average Daily Volume

5,961,954

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	IWS	BND
30 Days	5.17%	-0.51%
60 Days	5.63%	-2.95%
90 Days	7.53%	-2.00%
12 Months	31.74%	6.10%

292 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in BND	Overlap
A	D	0.41%	0.01%	0.01%
AAL	B	0.1%	0.01%	0.01%
AAP	C	0.02%	0.01%	0.01%
ACGL	D	0.4%	0.01%	0.01%
ADC	B	0.08%	0.01%	0.01%
ADM	D	0.28%	0.01%	0.01%
AEE	A	0.27%	0.01%	0.01%
AES	F	0.11%	0.01%	0.01%
AFG	A	0.11%	0.01%	0.01%
AFL	B	0.68%	0.01%	0.01%
AGO	B	0.05%	0.01%	0.01%
AGR	B	0.03%	0.01%	0.01%
AIZ	A	0.13%	0.01%	0.01%
AJG	B	0.65%	0.01%	0.01%
AL	B	0.06%	0.01%	0.01%
ALB	C	0.13%	0.01%	0.01%
ALL	A	0.48%	0.01%	0.01%
ALLE	D	0.13%	0.01%	0.01%
ALLY	C	0.1%	0.01%	0.01%
AMCR	D	0.16%	0.01%	0.01%
AMG	B	0.06%	0.01%	0.01%
AMH	D	0.14%	0.01%	0.01%
AMP	A	0.06%	0.01%	0.01%
AN	C	0.05%	0.01%	0.01%
APTV	D	0.16%	0.01%	0.01%
ARE	D	0.2%	0.01%	0.01%
ARW	D	0.07%	0.01%	0.01%
ATO	A	0.24%	0.01%	0.01%
AVB	B	0.36%	0.01%	0.01%
AVT	C	0.05%	0.01%	0.01%
AVY	D	0.11%	0.01%	0.01%
AWK	D	0.29%	0.01%	0.01%
AXS	A	0.07%	0.01%	0.01%
AYI	B	0.11%	0.01%	0.01%
BAX	D	0.18%	0.01%	0.01%
BBY	D	0.22%	0.01%	0.01%
BC	C	0.06%	0.01%	0.01%
BEN	C	0.07%	0.01%	0.01%
BERY	B	0.08%	0.01%	0.01%
BG	F	0.14%	0.01%	0.01%
BHF	B	0.03%	0.01%	0.01%
BIIB	F	0.26%	0.01%	0.01%
BK	A	0.64%	0.01%	0.01%
BR	A	0.03%	0.01%	0.01%
BRO	B	0.16%	0.01%	0.01%
BRX	A	0.1%	0.01%	0.01%
BWA	D	0.09%	0.01%	0.01%
BXP	D	0.14%	0.01%	0.01%
CACC	D	0.01%	0.01%	0.01%
CAG	D	0.14%	0.01%	0.01%
CAH	B	0.13%	0.01%	0.01%
CBOE	B	0.23%	0.01%	0.01%
CCI	D	0.5%	0.01%	0.01%
CE	F	0.07%	0.01%	0.01%
CF	B	0.18%	0.01%	0.01%
CFG	B	0.23%	0.01%	0.01%
CHD	B	0.29%	0.01%	0.01%
CHH	A	0.01%	0.01%	0.01%
CHRW	C	0.14%	0.01%	0.01%
CHTR	C	0.4%	0.01%	0.01%
CINF	A	0.26%	0.01%	0.01%
CMA	A	0.1%	0.01%	0.01%
CMI	A	0.54%	0.01%	0.01%
CMS	C	0.22%	0.01%	0.01%
CNA	B	0.01%	0.01%	0.01%
CNH	C	0.1%	0.01%	0.01%
CNP	B	0.21%	0.01%	0.01%
COKE	C	0.08%	0.01%	0.01%
COO	D	0.21%	0.01%	0.01%
CPB	D	0.09%	0.01%	0.01%
CPT	B	0.14%	0.01%	0.01%
CSL	C	0.19%	0.01%	0.01%
CTVA	C	0.43%	0.01%	0.01%
CUBE	D	0.12%	0.01%	0.01%
DAL	C	0.45%	0.01%	0.01%
DD	D	0.38%	0.01%	0.01%
DFS	B	0.48%	0.01%	0.01%
DG	F	0.18%	0.01%	0.01%
DGX	A	0.2%	0.01%	0.01%
DHI	D	0.53%	0.01%	0.01%
DLR	B	0.64%	0.01%	0.01%
DLTR	F	0.14%	0.01%	0.01%
DOC	D	0.16%	0.01%	0.01%
DOV	A	0.3%	0.01%	0.01%
DOW	F	0.34%	0.01%	0.01%
DOX	D	0.11%	0.01%	0.01%
DRI	B	0.1%	0.01%	0.01%
DTE	C	0.27%	0.01%	0.01%
DVN	F	0.27%	0.01%	0.01%
DXC	B	0.04%	0.01%	0.01%
EA	A	0.47%	0.01%	0.01%
EBAY	D	0.34%	0.01%	0.01%
ED	D	0.37%	0.01%	0.01%
EFX	F	0.27%	0.01%	0.01%
EG	C	0.15%	0.01%	0.01%
EIX	B	0.35%	0.01%	0.01%
EMN	D	0.13%	0.01%	0.01%
EPR	D	0.04%	0.01%	0.01%
EQR	B	0.31%	0.01%	0.01%
ES	D	0.24%	0.01%	0.01%
ESS	B	0.21%	0.01%	0.01%
ETR	B	0.35%	0.01%	0.01%
EVRG	A	0.16%	0.01%	0.01%
EXC	C	0.43%	0.01%	0.01%
EXR	D	0.38%	0.01%	0.01%
FAF	A	0.07%	0.01%	0.01%
FANG	D	0.37%	0.01%	0.01%
FE	C	0.26%	0.01%	0.01%
FHN	A	0.12%	0.01%	0.01%
FIS	C	0.54%	0.01%	0.01%
FITB	A	0.35%	0.01%	0.01%
FLO	D	0.04%	0.01%	0.01%
FLS	B	0.09%	0.01%	0.01%
FMC	D	0.07%	0.01%	0.01%
FNF	B	0.18%	0.01%	0.01%
FOXA	B	0.12%	0.01%	0.01%
FRT	B	0.1%	0.01%	0.01%
FTV	C	0.29%	0.01%	0.01%
GIS	D	0.39%	0.01%	0.01%
GL	B	0.11%	0.01%	0.01%
GLPI	C	0.14%	0.01%	0.01%
GLW	B	0.39%	0.01%	0.01%
GPC	D	0.19%	0.01%	0.01%
GPN	B	0.33%	0.01%	0.01%
GWW	B	0.07%	0.01%	0.01%
GXO	B	0.08%	0.01%	0.01%
H	B	0.06%	0.01%	0.01%
HAL	C	0.29%	0.01%	0.01%
HAS	D	0.01%	0.01%	0.01%
HBAN	A	0.28%	0.01%	0.01%
HES	B	0.16%	0.01%	0.01%
HIG	B	0.38%	0.01%	0.01%
HII	D	0.08%	0.01%	0.01%
HIW	D	0.04%	0.01%	0.01%
HOG	D	0.04%	0.01%	0.01%
HPE	B	0.3%	0.01%	0.01%
HPQ	B	0.3%	0.01%	0.01%
HR	C	0.07%	0.01%	0.01%
HRB	D	0.07%	0.01%	0.01%
HRL	D	0.09%	0.01%	0.01%
HST	C	0.13%	0.01%	0.01%
HSY	F	0.24%	0.01%	0.01%
HUBB	B	0.26%	0.01%	0.01%
HUM	C	0.37%	0.01%	0.01%
HUN	F	0.04%	0.01%	0.01%
IEX	B	0.19%	0.01%	0.01%
IFF	D	0.24%	0.01%	0.01%
ILMN	D	0.24%	0.01%	0.01%
INGR	B	0.1%	0.01%	0.01%
INVH	D	0.23%	0.01%	0.01%
IP	B	0.22%	0.01%	0.01%
IPG	D	0.11%	0.01%	0.01%
IVZ	B	0.07%	0.01%	0.01%
JBHT	C	0.16%	0.01%	0.01%
JBL	B	0.14%	0.01%	0.01%
JEF	A	0.1%	0.01%	0.01%
JHG	A	0.06%	0.01%	0.01%
JLL	D	0.09%	0.01%	0.01%
JNPR	F	0.13%	0.01%	0.01%
K	A	0.23%	0.01%	0.01%
KEX	C	0.08%	0.01%	0.01%
KEY	B	0.2%	0.01%	0.01%
KEYS	A	0.29%	0.01%	0.01%
KIM	A	0.18%	0.01%	0.01%
KMI	A	0.58%	0.01%	0.01%
KMPR	B	0.05%	0.01%	0.01%
KR	B	0.42%	0.01%	0.01%
KRC	C	0.05%	0.01%	0.01%
KSS	F	0.02%	0.01%	0.01%
L	A	0.17%	0.01%	0.01%
LAZ	B	0.0%	0.01%	0.0%
LDOS	C	0.24%	0.01%	0.01%
LEA	D	0.06%	0.01%	0.01%
LEG	F	0.02%	0.01%	0.01%
LEN	D	0.02%	0.01%	0.01%
LEN	D	0.44%	0.01%	0.01%
LH	C	0.22%	0.01%	0.01%
LHX	C	0.51%	0.01%	0.01%
LNC	B	0.07%	0.01%	0.01%
LNT	A	0.17%	0.01%	0.01%
LUV	C	0.21%	0.01%	0.01%
LYB	F	0.24%	0.01%	0.01%
MAA	B	0.2%	0.01%	0.01%
MAS	D	0.19%	0.01%	0.01%
MCHP	D	0.37%	0.01%	0.01%
MHK	D	0.08%	0.01%	0.01%
MKC	D	0.21%	0.01%	0.01%
MKL	A	0.18%	0.01%	0.01%
MLM	B	0.37%	0.01%	0.01%
MOS	F	0.09%	0.01%	0.01%
MP	B	0.03%	0.01%	0.01%
MRO	B	0.18%	0.01%	0.01%
MTB	A	0.39%	0.01%	0.01%
NDAQ	A	0.36%	0.01%	0.01%
NEU	C	0.04%	0.01%	0.01%
NFG	A	0.06%	0.01%	0.01%
NI	A	0.18%	0.01%	0.01%
NNN	D	0.08%	0.01%	0.01%
NOV	C	0.07%	0.01%	0.01%
NTAP	C	0.15%	0.01%	0.01%
NTRS	A	0.24%	0.01%	0.01%
NUE	C	0.39%	0.01%	0.01%
NVR	D	0.28%	0.01%	0.01%
NVT	B	0.13%	0.01%	0.01%
O	D	0.54%	0.01%	0.01%
OC	A	0.18%	0.01%	0.01%
OGE	B	0.09%	0.01%	0.01%
OHI	C	0.11%	0.01%	0.01%
OKE	A	0.7%	0.01%	0.01%
OMC	C	0.21%	0.01%	0.01%
ORI	A	0.1%	0.01%	0.01%
OSK	B	0.08%	0.01%	0.01%
OTIS	C	0.44%	0.01%	0.01%
PCG	A	0.49%	0.01%	0.01%
PEG	A	0.49%	0.01%	0.01%
PFG	D	0.22%	0.01%	0.01%
PHM	D	0.29%	0.01%	0.01%
PKG	A	0.23%	0.01%	0.01%
PNR	A	0.19%	0.01%	0.01%
PNW	B	0.11%	0.01%	0.01%
PPG	F	0.32%	0.01%	0.01%
PPL	B	0.27%	0.01%	0.01%
PRU	A	0.5%	0.01%	0.01%
PWR	A	0.36%	0.01%	0.01%
QRVO	F	0.07%	0.01%	0.01%
R	B	0.08%	0.01%	0.01%
REG	B	0.15%	0.01%	0.01%
REXR	F	0.1%	0.01%	0.01%
RF	A	0.27%	0.01%	0.01%
RGA	A	0.17%	0.01%	0.01%
RJF	A	0.33%	0.01%	0.01%
RL	B	0.09%	0.01%	0.01%
RNR	C	0.15%	0.01%	0.01%
ROK	B	0.33%	0.01%	0.01%
ROST	C	0.39%	0.01%	0.01%
RPM	A	0.15%	0.01%	0.01%
RPRX	D	0.11%	0.01%	0.01%
RS	B	0.2%	0.01%	0.01%
RYN	D	0.05%	0.01%	0.01%
SF	B	0.13%	0.01%	0.01%
SJM	D	0.12%	0.01%	0.01%
SNA	A	0.2%	0.01%	0.01%
SNV	B	0.09%	0.01%	0.01%
SNX	C	0.1%	0.01%	0.01%
SON	D	0.05%	0.01%	0.01%
SPG	B	0.48%	0.01%	0.01%
STE	F	0.24%	0.01%	0.01%
STLD	B	0.23%	0.01%	0.01%
STT	A	0.32%	0.01%	0.01%
SUI	D	0.17%	0.01%	0.01%
SWK	D	0.14%	0.01%	0.01%
SWKS	F	0.15%	0.01%	0.01%
SYF	B	0.28%	0.01%	0.01%
SYY	B	0.16%	0.01%	0.01%
TAP	C	0.12%	0.01%	0.01%
TDY	B	0.24%	0.01%	0.01%
THG	A	0.06%	0.01%	0.01%
TKR	D	0.05%	0.01%	0.01%
TRMB	B	0.19%	0.01%	0.01%
TSN	B	0.2%	0.01%	0.01%
TXT	D	0.17%	0.01%	0.01%
UAL	A	0.33%	0.01%	0.01%
UDR	B	0.16%	0.01%	0.01%
UHS	D	0.13%	0.01%	0.01%
UNM	A	0.15%	0.01%	0.01%
VFC	C	0.08%	0.01%	0.01%
VMC	B	0.3%	0.01%	0.01%
VMI	B	0.07%	0.01%	0.01%
VNO	B	0.08%	0.01%	0.01%
VNT	B	0.07%	0.01%	0.01%
VOYA	B	0.09%	0.01%	0.01%
VRSN	F	0.16%	0.01%	0.01%
VTR	C	0.28%	0.01%	0.01%
VTRS	A	0.17%	0.01%	0.01%
WAB	B	0.38%	0.01%	0.01%
WBA	F	0.07%	0.01%	0.01%
WBS	A	0.11%	0.01%	0.01%
WEC	A	0.34%	0.01%	0.01%
WHR	B	0.07%	0.01%	0.01%
WLK	D	0.05%	0.01%	0.01%
WMB	A	0.76%	0.01%	0.01%
WPC	D	0.13%	0.01%	0.01%
WRB	A	0.2%	0.01%	0.01%
WTFC	A	0.09%	0.01%	0.01%
WTRG	B	0.11%	0.01%	0.01%
WU	D	0.03%	0.01%	0.01%
WY	D	0.25%	0.01%	0.01%
XEL	A	0.43%	0.01%	0.01%
XRAY	F	0.04%	0.01%	0.01%
XYL	D	0.32%	0.01%	0.01%
ZBH	C	0.25%	0.01%	0.01%
ZION	B	0.1%	0.01%	0.01%

IWS Overweight 415 Positions Relative to BND

Symbol	Grade	Weight
MSTR	C	0.55%
KVUE	A	0.5%
AME	A	0.49%
HWM	A	0.47%
BKR	B	0.47%
URI	B	0.46%
IR	B	0.45%
CBRE	B	0.44%
FERG	B	0.42%
CTSH	B	0.42%
RCL	A	0.39%
GEHC	F	0.37%
GRMN	B	0.36%
VICI	C	0.36%
WTW	B	0.35%
TTWO	A	0.34%
IQV	D	0.34%
HLT	A	0.33%
CNC	D	0.33%
CSGP	D	0.32%
ANSS	B	0.32%
PAYX	C	0.32%
ON	D	0.31%
SQ	B	0.3%
TROW	B	0.29%
FCNCA	A	0.29%
SW	A	0.29%
CCL	B	0.27%
RMD	C	0.27%
MTD	D	0.27%
YUM	B	0.26%
EQT	B	0.26%
SBAC	D	0.26%
LNG	B	0.26%
WBD	C	0.25%
ZM	B	0.24%
HOOD	B	0.24%
EXE	B	0.24%
WDC	D	0.23%
FSLR	F	0.22%
BALL	D	0.21%
CTRA	B	0.21%
IBKR	A	0.21%
BLDR	D	0.21%
MSCI	C	0.21%
HOLX	D	0.2%
WSO	A	0.2%
CVNA	B	0.19%
J	F	0.19%
TRU	D	0.19%
GEN	B	0.18%
ZBRA	B	0.17%
TOL	B	0.17%
SSNC	B	0.17%
UTHR	C	0.17%
EXPD	D	0.16%
EWBC	A	0.16%
IRM	D	0.16%
NDSN	B	0.16%
ACM	A	0.16%
USFD	A	0.16%
THC	D	0.16%
GGG	B	0.16%
TWLO	A	0.15%
RVTY	F	0.15%
CW	B	0.15%
VLTO	D	0.15%
FFIV	B	0.15%
EME	C	0.15%
AVTR	F	0.15%
ITT	A	0.14%
COHR	B	0.14%
JKHY	D	0.14%
CLH	B	0.14%
AFRM	B	0.14%
ELS	C	0.14%
AKAM	D	0.14%
TPR	B	0.14%
INCY	C	0.13%
KMX	B	0.13%
BJ	A	0.13%
OVV	B	0.13%
Z	A	0.13%
CDW	F	0.13%
FDS	B	0.13%
SOFI	A	0.13%
SCI	B	0.13%
BMRN	D	0.13%
FTI	A	0.13%
NTNX	A	0.13%
EPAM	C	0.13%
CASY	A	0.13%
TECH	D	0.12%
CCK	C	0.12%
CTLT	B	0.12%
EVR	B	0.12%
FWONK	B	0.12%
NWSA	B	0.12%
PFGC	B	0.12%
ATR	B	0.12%
AA	B	0.12%
CG	A	0.12%
RRX	B	0.12%
NRG	B	0.12%
CRL	C	0.11%
CIEN	B	0.11%
COIN	C	0.11%
MKTX	D	0.11%
WAL	B	0.11%
DPZ	C	0.11%
EHC	B	0.11%
ARMK	B	0.11%
DTM	B	0.11%
NLY	C	0.11%
GME	C	0.11%
LKQ	D	0.11%
BLD	D	0.11%
DAY	B	0.11%
DKS	C	0.11%
LAD	A	0.11%
ALSN	B	0.11%
WWD	B	0.11%
PRI	A	0.11%
CACI	D	0.11%
TTEK	F	0.1%
GWRE	A	0.1%
AOS	F	0.1%
MGM	D	0.1%
KNX	B	0.1%
HLI	B	0.1%
AR	B	0.1%
HSIC	B	0.1%
PTC	A	0.1%
RBC	A	0.1%
WCC	B	0.1%
AXTA	A	0.1%
TFX	F	0.1%
WST	C	0.1%
TW	A	0.1%
GMED	A	0.1%
FBIN	D	0.1%
RGLD	C	0.1%
BWXT	B	0.1%
DCI	B	0.1%
SOLV	C	0.1%
BRBR	A	0.1%
PNFP	B	0.1%
G	B	0.09%
ACI	C	0.09%
MTCH	D	0.09%
CHRD	D	0.09%
RRC	B	0.09%
SEIC	B	0.09%
CZR	F	0.09%
X	C	0.09%
APG	B	0.09%
APA	D	0.09%
TKO	B	0.09%
LECO	B	0.09%
CFR	B	0.09%
FICO	B	0.09%
LAMR	D	0.09%
WAT	B	0.09%
EGP	F	0.09%
RIVN	F	0.09%
GPK	C	0.09%
NYT	C	0.09%
TTC	D	0.09%
CR	A	0.09%
MTZ	B	0.09%
WYNN	D	0.09%
FYBR	D	0.09%
CBSH	A	0.09%
RLI	B	0.08%
DAR	C	0.08%
ELAN	D	0.08%
FCN	D	0.08%
MTSI	B	0.08%
FND	C	0.08%
SSD	D	0.08%
ALGN	D	0.08%
FR	C	0.08%
ATI	D	0.08%
ESAB	B	0.08%
GNTX	C	0.08%
AGNC	D	0.08%
BBWI	D	0.08%
KBR	F	0.08%
MIDD	C	0.08%
CART	C	0.08%
SKX	D	0.08%
FAST	B	0.08%
LBRDK	C	0.08%
LW	C	0.08%
RHI	B	0.08%
ROKU	D	0.08%
PB	A	0.08%
CHE	D	0.08%
JAZZ	B	0.08%
PR	B	0.08%
IDA	A	0.07%
RGEN	D	0.07%
S	B	0.07%
STWD	C	0.07%
BPOP	B	0.07%
BIO	D	0.07%
COLD	D	0.07%
OMF	A	0.07%
MTDR	B	0.07%
SAIC	F	0.07%
MAT	D	0.07%
SIRI	C	0.07%
MOH	F	0.07%
MSA	D	0.07%
ESI	A	0.07%
KD	B	0.07%
PARA	C	0.07%
MTG	C	0.07%
CGNX	C	0.07%
LSTR	D	0.07%
BILL	A	0.07%
OKTA	C	0.07%
COLB	A	0.07%
STAG	F	0.07%
MKSI	C	0.07%
WEX	D	0.07%
AZPN	A	0.07%
DINO	D	0.07%
ALK	C	0.07%
WSM	B	0.07%
WH	B	0.07%
BYD	C	0.06%
UGI	A	0.06%
BFAM	D	0.06%
OZK	B	0.06%
POST	C	0.06%
SLM	A	0.06%
CCCS	B	0.06%
SN	D	0.06%
EXAS	D	0.06%
CRUS	D	0.06%
GNRC	B	0.06%
LITE	B	0.06%
RITM	C	0.06%
THO	B	0.06%
OLLI	D	0.06%
DOCS	C	0.06%
FOX	A	0.06%
PVH	C	0.06%
WMS	D	0.06%
SAIA	B	0.06%
ONTO	D	0.06%
LFUS	F	0.06%
AGCO	D	0.06%
FNB	A	0.06%
GTES	A	0.05%
TPG	A	0.05%
DLB	B	0.05%
PAYC	B	0.05%
M	D	0.05%
GAP	C	0.05%
EEFT	B	0.05%
SLGN	A	0.05%
AWI	A	0.05%
PSN	D	0.05%
WSC	D	0.05%
DBX	B	0.05%
CUZ	B	0.05%
ST	F	0.05%
ROIV	C	0.05%
CROX	D	0.05%
FRPT	B	0.05%
HXL	D	0.05%
OLN	D	0.05%
WTM	A	0.05%
SMG	D	0.04%
AM	A	0.04%
ZG	A	0.04%
ALNY	D	0.04%
MASI	A	0.04%
ACHC	F	0.04%
FHB	A	0.04%
UHAL	D	0.04%
IAC	D	0.04%
PII	D	0.04%
NVST	B	0.04%
CLF	F	0.04%
W	F	0.04%
NWS	B	0.04%
TNL	A	0.04%
NWL	B	0.04%
VNOM	A	0.04%
PRGO	B	0.04%
CIVI	D	0.04%
DNB	B	0.04%
MDU	D	0.04%
MSGS	A	0.04%
PLNT	A	0.04%
RH	B	0.04%
OLED	D	0.04%
MSM	C	0.04%
TYL	B	0.04%
OGN	D	0.04%
ASH	D	0.04%
LINE	F	0.04%
SITE	D	0.04%
GFS	C	0.04%
HAYW	B	0.03%
JWN	C	0.03%
CWEN	C	0.03%
YETI	C	0.03%
ULTA	F	0.03%
PINC	B	0.03%
ALGM	D	0.03%
CPRI	F	0.03%
SPB	C	0.03%
EXP	A	0.03%
ENOV	C	0.03%
HHH	B	0.03%
MPW	F	0.03%
CC	C	0.03%
BOKF	B	0.03%
COTY	F	0.03%
CXT	B	0.03%
COLM	B	0.03%
CNM	D	0.03%
SEE	C	0.03%
VIRT	B	0.03%
ECG	C	0.03%
U	C	0.03%
AMED	F	0.03%
AMKR	D	0.03%
MAN	D	0.03%
NSA	D	0.03%
PAG	B	0.03%
PK	B	0.03%
IRDM	D	0.03%
SNRE	D	0.03%
LLYVK	A	0.03%
BROS	B	0.03%
NXST	C	0.03%
SPR	D	0.03%
AMTM	D	0.03%
LOPE	B	0.03%
VAC	B	0.03%
PENN	C	0.03%
ZI	D	0.03%
TER	D	0.02%
TRIP	F	0.02%
SNDR	B	0.02%
REYN	D	0.02%
FTRE	D	0.02%
WEN	D	0.02%
EXEL	B	0.02%
UA	C	0.02%
QS	F	0.02%
CLVT	F	0.02%
GO	C	0.02%
BIRK	D	0.02%
ALAB	B	0.02%
VSTS	C	0.02%
CNXC	F	0.02%
CRI	D	0.02%
UAA	C	0.02%
PSTG	D	0.02%
RKT	F	0.02%
AZEK	A	0.02%
PPC	C	0.02%
LCID	F	0.02%
ETSY	D	0.02%
LBTYK	A	0.02%
INFA	D	0.02%
IPGP	D	0.02%
QDEL	F	0.02%
LYFT	C	0.02%
LBTYA	B	0.02%
BRKR	D	0.02%
GLOB	B	0.02%
SHC	F	0.02%
AZTA	D	0.02%
LPX	B	0.02%
ADT	C	0.02%
RCM	F	0.02%
SAM	C	0.02%
TXG	F	0.01%
PLTK	B	0.01%
DJT	C	0.01%
SEB	F	0.01%
PATH	C	0.01%
TFSL	A	0.01%
UI	A	0.01%
WOLF	F	0.01%
CWEN	C	0.01%
LSCC	D	0.01%
FIVE	F	0.01%
HCP	B	0.01%
MTN	C	0.01%
CAR	C	0.01%
LBRDA	C	0.01%
FWONA	B	0.01%
PYCR	C	0.01%
AS	B	0.01%
CERT	F	0.01%
DV	C	0.01%
LLYVA	A	0.01%
NCNO	B	0.01%
DDS	B	0.01%
LOAR	A	0.0%
PARAA	B	0.0%
UWMC	D	0.0%
SEG	B	0.0%
NFE	D	0.0%
UHAL	D	0.0%
GRAL	C	0.0%
IONS	F	0.0%

IWS Underweight 254 Positions Relative to BND

Symbol	Grade	Weight
WIT	A	-0.09%
LXP	D	-0.01%
LVS	C	-0.01%
NKE	D	-0.01%
MMC	B	-0.01%
PAA	B	-0.01%
LRCX	F	-0.01%
NEM	D	-0.01%
ORLY	B	-0.01%
LMT	D	-0.01%
LLY	F	-0.01%
OCSL	F	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
NVDA	C	-0.01%
MSI	B	-0.01%
MCY	A	-0.01%
MCK	B	-0.01%
MCD	D	-0.01%
PDM	D	-0.01%
NSC	B	-0.01%
GSBD	F	-0.01%
ITW	B	-0.01%
HPP	F	-0.01%
HON	B	-0.01%
JNJ	D	-0.01%
JBLU	F	-0.01%
ICE	C	-0.01%
ET	A	-0.01%
EQIX	A	-0.01%
EOG	A	-0.01%
EMR	A	-0.01%
FSK	A	-0.01%
CAF	D	-0.01%
DE	A	-0.01%
FDX	B	-0.01%
ECL	D	-0.01%
CVX	A	-0.01%
DUK	C	-0.01%
CTAS	B	-0.01%
CSX	B	-0.01%
FLEX	A	-0.01%
EXPE	B	-0.01%
DSS	F	-0.01%
AWH	F	-0.01%
CM	A	-0.01%
AVA	A	-0.01%
AER	B	-0.01%
ADSK	A	-0.01%
ADI	D	-0.01%
CHI	A	-0.01%
ADBE	C	-0.01%
BLK	C	-0.01%
BKH	A	-0.01%
APO	B	-0.01%
BIDU	F	-0.01%
APH	A	-0.01%
APD	A	-0.01%
AMT	D	-0.01%
AMAT	F	-0.01%
CP	D	-0.01%
COST	B	-0.01%
TEL	B	-0.01%
SYK	C	-0.01%
ZTS	D	-0.01%
TME	D	-0.01%
PGR	A	-0.01%
NOW	A	-0.01%
OGS	A	-0.01%
MPLX	A	-0.01%
MPC	D	-0.01%
KDP	D	-0.01%
JD	D	-0.01%
JCI	C	-0.01%
KMT	B	-0.01%
KMB	D	-0.01%
GBDC	C	-0.01%
WB	D	-0.01%
UBS	C	-0.01%
TXN	C	-0.01%
VRSK	A	-0.01%
STZ	D	-0.01%
SLG	B	-0.01%
SKT	B	-0.01%
SITC	D	-0.01%
PYPL	B	-0.01%
PSX	C	-0.01%
RIV	D	-0.01%
SCS	C	-0.01%
SCHW	B	-0.01%
SBUX	A	-0.01%
SAVE	D	-0.01%
REGN	F	-0.01%
SPGI	C	-0.01%
SAFE	D	-0.01%
PCAR	B	-0.01%
MA	C	-0.01%
MMM	D	-0.01%
NHI	D	-0.01%
LOW	D	-0.01%
LIN	D	-0.01%
NXPI	D	-0.01%
MU	D	-0.01%
MDLZ	F	-0.01%
MCO	B	-0.01%
GP	F	-0.01%
GOOGL	C	-0.01%
HP	B	-0.01%
INTU	C	-0.01%
ESGR	B	-0.01%
EQH	B	-0.01%
EPRT	B	-0.01%
FTNT	C	-0.01%
EW	C	-0.01%
ETN	A	-0.01%
BSX	B	-0.01%
AAT	B	-0.01%
CAT	B	-0.01%
PECO	A	-0.01%
DHR	F	-0.01%
EL	F	-0.01%
EE	A	-0.01%
CTS	C	-0.01%
COE	D	-0.01%
CNO	A	-0.01%
AZO	C	-0.01%
CME	A	-0.01%
CLX	B	-0.01%
CL	D	-0.01%
AEP	D	-0.01%
ADP	B	-0.01%
BMO	A	-0.01%
BKNG	A	-0.01%
ARCC	A	-0.01%
CDNS	B	-0.01%
AON	A	-0.01%
CRM	B	-0.01%
CBT	C	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
TGT	F	-0.01%
TRV	B	-0.01%
TMO	F	-0.01%
TJX	A	-0.01%
PH	A	-0.01%
PG	A	-0.01%
OPI	F	-0.01%
LII	A	-0.01%
MRVL	B	-0.01%
KRG	B	-0.01%
KOF	F	-0.01%
KLAC	D	-0.01%
GD	F	-0.01%
UPS	C	-0.01%
UNP	C	-0.01%
WELL	A	-0.01%
TT	A	-0.01%
TSLX	C	-0.01%
TSCO	D	-0.01%
SWX	B	-0.01%
VLO	C	-0.01%
STLA	F	-0.01%
WEST	C	-0.01%
WM	A	-0.01%
PM	B	-0.01%
PLD	D	-0.01%
SLB	C	-0.01%
RSG	A	-0.01%
QCOM	F	-0.01%
SIGI	C	-0.01%
ROP	B	-0.01%
PSEC	D	-0.01%
PSA	D	-0.01%
SBRA	C	-0.01%
PRE	D	-0.01%
SO	D	-0.01%
MAR	B	-0.01%
MAIN	A	-0.01%
NOC	D	-0.01%
MRK	F	-0.01%
USB	A	-0.01%
UNH	C	-0.01%
RY	A	-0.01%
SHW	A	-0.01%
SCCO	F	-0.01%
BHP	F	-0.01%
BDX	F	-0.01%
CARR	D	-0.01%
DIS	B	-0.01%
DB	D	-0.01%
EDC	F	-0.01%
COF	B	-0.01%
MO	A	-0.01%
NEE	D	-0.01%
MET	A	-0.01%
GSK	F	-0.01%
EPD	A	-0.01%
GM	B	-0.01%
GILD	C	-0.01%
KO	D	-0.01%
SRE	A	-0.01%
WMT	A	-0.01%
PNC	B	-0.01%
PFE	D	-0.01%
AIG	B	-0.01%
CI	F	-0.01%
BNS	A	-0.01%
COP	C	-0.01%
TFC	A	-0.01%
HD	A	-0.01%
HCA	F	-0.01%
EQNR	D	-0.01%
CB	C	-0.01%
PEP	F	-0.01%
D	C	-0.01%
CSCO	B	-0.01%
BABA	D	-0.01%
MDT	D	-0.01%
VOD	F	-0.01%
RTX	C	-0.01%
AZN	D	-0.01%
IBM	C	-0.01%
DT	C	-0.01%
ORCL	B	-0.01%
NWG	C	-0.01%
AVGO	D	-0.01%
BMY	B	-0.01%
ABT	B	-0.01%
AMZN	C	-0.01%
AMGN	D	-0.01%
AAPL	C	-0.01%
DELL	C	-0.01%
MUFG	B	-0.01%
MS	A	-0.01%
INTC	D	-0.01%
C	A	-0.01%
AXP	A	-0.01%
CMCSA	B	-0.01%
VZ	C	-0.01%
XOM	B	-0.01%
V	A	-0.01%
TD	F	-0.01%
T	A	-0.01%
WFC	A	-0.01%
TMUS	B	-0.01%
CVS	D	-0.01%
MSFT	F	-0.01%
GS	A	-0.01%
JPM	A	-0.01%
BA	F	-0.01%
HSBC	B	-0.01%
ABBV	D	-0.01%
BAC	A	-0.01%
GE	D	-0.01%