IWS vs. DFLV ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Dimensional US Large Cap Value ETF (DFLV)

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

$135.10

Average Daily Volume

271,151

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$31.91

Average Daily Volume

322,187

Number of Holdings ^*

329

* may have additional holdings in another (foreign) market

Performance

Period	IWS	DFLV
30 Days	1.53%	2.14%
60 Days	4.98%	6.94%
90 Days	7.44%	7.41%
12 Months	28.97%	29.38%

242 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in DFLV	Overlap
	ACGL	C	0.4%	0.4%	0.4%
	ACI	C	0.09%	0.07%	0.07%
	ACM	B	0.16%	0.0%	0.0%
	ADM	F	0.27%	0.09%	0.09%
	AFG	A	0.11%	0.01%	0.01%
	AFL	C	0.66%	0.26%	0.26%
	AKAM	F	0.15%	0.17%	0.15%
	ALGN	D	0.07%	0.0%	0.0%
	ALL	B	0.47%	0.15%	0.15%
	ALLY	C	0.1%	0.04%	0.04%
	AMCR	D	0.16%	0.13%	0.13%
	AME	A	0.48%	0.41%	0.41%
	APTV	F	0.17%	0.09%	0.09%
	AR	B	0.09%	0.01%	0.01%
	ARMK	B	0.11%	0.03%	0.03%
	ARW	F	0.07%	0.0%	0.0%
	AVTR	F	0.17%	0.09%	0.09%
	BALL	D	0.2%	0.2%	0.2%
	BAX	F	0.19%	0.06%	0.06%
	BBY	C	0.21%	0.01%	0.01%
	BG	D	0.13%	0.13%	0.13%
	BIIB	F	0.27%	0.14%	0.14%
	BK	B	0.62%	0.71%	0.62%
	BKR	B	0.47%	0.58%	0.47%
	BLD	F	0.12%	0.02%	0.02%
	BLDR	C	0.21%	0.27%	0.21%
	BMRN	F	0.14%	0.03%	0.03%
	BWA	B	0.08%	0.1%	0.08%
	CAG	F	0.15%	0.06%	0.06%
	CASY	B	0.14%	0.09%	0.09%
	CBRE	B	0.45%	0.48%	0.45%
	CCK	D	0.12%	0.02%	0.02%
	CCL	B	0.26%	0.04%	0.04%
	CE	F	0.07%	0.08%	0.07%
	CF	B	0.17%	0.18%	0.17%
	CFG	B	0.22%	0.04%	0.04%
	CG	B	0.12%	0.0%	0.0%
	CHD	A	0.28%	0.02%	0.02%
	CHTR	B	0.4%	0.03%	0.03%
	CINF	A	0.25%	0.06%	0.06%
	CLH	B	0.14%	0.04%	0.04%
	CMI	A	0.53%	0.72%	0.53%
	CNA	C	0.01%	0.0%	0.0%
	CNC	F	0.34%	0.29%	0.29%
	CNH	D	0.1%	0.0%	0.0%
	COTY	D	0.03%	0.0%	0.0%
	CPB	F	0.09%	0.13%	0.09%
	CRL	C	0.12%	0.08%	0.08%
	CSGP	F	0.34%	0.05%	0.05%
	CSL	B	0.19%	0.17%	0.17%
	CTRA	B	0.2%	0.18%	0.18%
	CTSH	A	0.43%	0.62%	0.43%
	CTVA	C	0.44%	0.2%	0.2%
	CW	C	0.16%	0.0%	0.0%
	CZR	F	0.1%	0.0%	0.0%
	DAL	A	0.43%	0.53%	0.43%
	DAR	B	0.07%	0.04%	0.04%
	DD	D	0.38%	0.2%	0.2%
	DFS	B	0.47%	0.69%	0.47%
	DG	F	0.18%	0.03%	0.03%
	DGX	B	0.19%	0.24%	0.19%
	DHI	D	0.54%	0.38%	0.38%
	DINO	D	0.07%	0.03%	0.03%
	DKS	D	0.11%	0.02%	0.02%
	DLTR	F	0.13%	0.11%	0.11%
	DOV	A	0.3%	0.35%	0.3%
	DOW	F	0.35%	0.71%	0.35%
	DOX	C	0.11%	0.35%	0.11%
	DVN	F	0.27%	0.29%	0.27%
	EA	A	0.46%	0.36%	0.36%
	EBAY	C	0.34%	0.45%	0.34%
	EG	D	0.14%	0.34%	0.14%
	EMN	D	0.13%	0.15%	0.13%
	EPAM	B	0.13%	0.02%	0.02%
	EQT	B	0.25%	0.06%	0.06%
	EWBC	B	0.15%	0.03%	0.03%
	FANG	C	0.37%	0.58%	0.37%
	FBIN	F	0.11%	0.02%	0.02%
	FCNCA	B	0.28%	0.2%	0.2%
	FFIV	B	0.15%	0.05%	0.05%
	FIS	B	0.54%	0.39%	0.39%
	FITB	A	0.34%	0.39%	0.34%
	FNF	C	0.17%	0.07%	0.07%
	FOX	A	0.06%	0.06%	0.06%
	FOXA	A	0.11%	0.12%	0.11%
	FSLR	F	0.22%	0.19%	0.19%
	FTRE	D	0.02%	0.01%	0.01%
	FTV	C	0.29%	0.17%	0.17%
	GEHC	D	0.37%	0.43%	0.37%
	GFS	C	0.05%	0.03%	0.03%
	GGG	B	0.16%	0.01%	0.01%
	GIS	F	0.4%	0.5%	0.4%
	GL	B	0.11%	0.07%	0.07%
	GLW	B	0.4%	0.76%	0.4%
	GNTX	C	0.08%	0.0%	0.0%
	GPC	D	0.18%	0.15%	0.15%
	GPN	B	0.31%	0.15%	0.15%
	GRMN	A	0.36%	0.46%	0.36%
	GXO	B	0.08%	0.0%	0.0%
	H	B	0.06%	0.01%	0.01%
	HAL	C	0.28%	0.25%	0.25%
	HAS	D	0.01%	0.0%	0.0%
	HBAN	A	0.27%	0.12%	0.12%
	HES	B	0.15%	0.07%	0.07%
	HIG	C	0.37%	0.63%	0.37%
	HII	F	0.09%	0.02%	0.02%
	HOLX	D	0.19%	0.15%	0.15%
	HOOD	B	0.22%	0.0%	0.0%
	HPE	B	0.31%	0.34%	0.31%
	HPQ	B	0.3%	0.28%	0.28%
	HRL	F	0.1%	0.06%	0.06%
	HSIC	F	0.09%	0.02%	0.02%
	HUM	D	0.38%	0.11%	0.11%
	IEX	B	0.19%	0.05%	0.05%
	IFF	F	0.26%	0.08%	0.08%
	ILMN	C	0.26%	0.01%	0.01%
	INCY	B	0.14%	0.01%	0.01%
	IP	B	0.22%	0.15%	0.15%
	IPG	F	0.12%	0.06%	0.06%
	IQV	F	0.38%	0.0%	0.0%
	IR	A	0.45%	0.52%	0.45%
	IVZ	B	0.07%	0.01%	0.01%
	J	D	0.2%	0.11%	0.11%
	JBHT	C	0.17%	0.11%	0.11%
	JBL	C	0.15%	0.04%	0.04%
	JLL	C	0.1%	0.07%	0.07%
	JNPR	D	0.14%	0.09%	0.09%
	KEY	B	0.19%	0.07%	0.07%
	KEYS	C	0.31%	0.22%	0.22%
	KMI	B	0.56%	0.36%	0.36%
	KMX	B	0.12%	0.01%	0.01%
	KNX	C	0.1%	0.01%	0.01%
	KR	A	0.43%	0.66%	0.43%
	KVUE	A	0.49%	0.37%	0.37%
	L	A	0.16%	0.3%	0.16%
	LDOS	C	0.29%	0.22%	0.22%
	LEA	F	0.06%	0.01%	0.01%
	LEN	D	0.02%	0.47%	0.02%
	LEN	D	0.45%	0.47%	0.45%
	LEN	D	0.45%	0.0%	0.0%
	LEN	D	0.02%	0.0%	0.0%
	LH	B	0.22%	0.43%	0.22%
	LHX	B	0.53%	0.34%	0.34%
	LKQ	C	0.11%	0.07%	0.07%
	LUV	B	0.21%	0.11%	0.11%
	LYB	F	0.24%	0.46%	0.24%
	MHK	D	0.08%	0.01%	0.01%
	MKC	D	0.21%	0.05%	0.05%
	MKL	A	0.18%	0.11%	0.11%
	MLM	B	0.39%	0.54%	0.39%
	MOH	F	0.08%	0.13%	0.08%
	MOS	D	0.1%	0.01%	0.01%
	MRO	B	0.17%	0.09%	0.09%
	MTB	A	0.38%	0.23%	0.23%
	MTDR	B	0.07%	0.0%	0.0%
	NDAQ	B	0.35%	0.0%	0.0%
	NDSN	B	0.16%	0.04%	0.04%
	NRG	C	0.13%	0.17%	0.13%
	NTRS	A	0.23%	0.1%	0.1%
	NUE	D	0.41%	0.79%	0.41%
	NVT	C	0.14%	0.01%	0.01%
	NWS	B	0.04%	0.02%	0.02%
	NWSA	B	0.12%	0.07%	0.07%
	OC	A	0.18%	0.29%	0.18%
	OKE	A	0.68%	0.3%	0.3%
	OKTA	C	0.07%	0.02%	0.02%
	OMC	A	0.22%	0.15%	0.15%
	ON	F	0.33%	0.26%	0.26%
	OTIS	D	0.44%	0.19%	0.19%
	OVV	C	0.12%	0.08%	0.08%
	PAG	B	0.03%	0.01%	0.01%
	PFG	C	0.21%	0.17%	0.17%
	PFGC	B	0.12%	0.09%	0.09%
	PHM	D	0.3%	0.49%	0.3%
	PKG	B	0.23%	0.25%	0.23%
	PNR	A	0.19%	0.26%	0.19%
	PPG	F	0.32%	0.35%	0.32%
	PR	C	0.08%	0.02%	0.02%
	PRU	B	0.47%	0.57%	0.47%
	PWR	B	0.36%	0.28%	0.28%
	QRVO	F	0.07%	0.01%	0.01%
	RF	A	0.26%	0.5%	0.26%
	RGA	A	0.16%	0.03%	0.03%
	RJF	A	0.33%	0.41%	0.33%
	RNR	D	0.15%	0.04%	0.04%
	RS	C	0.2%	0.21%	0.2%
	RVTY	C	0.16%	0.02%	0.02%
	SIRI	C	0.07%	0.01%	0.01%
	SJM	F	0.13%	0.12%	0.12%
	SNA	A	0.2%	0.23%	0.2%
	SNX	C	0.1%	0.01%	0.01%
	SOLV	C	0.11%	0.02%	0.02%
	SQ	B	0.26%	0.19%	0.19%
	SSNC	C	0.17%	0.17%	0.17%
	ST	F	0.05%	0.0%	0.0%
	STE	D	0.23%	0.19%	0.19%
	STLD	C	0.24%	0.64%	0.24%
	STT	B	0.31%	0.18%	0.18%
	SW	B	0.29%	0.07%	0.07%
	SWK	F	0.15%	0.05%	0.05%
	SWKS	F	0.15%	0.12%	0.12%
	SYF	B	0.27%	0.22%	0.22%
	TAP	B	0.11%	0.03%	0.03%
	TDY	B	0.24%	0.09%	0.09%
	TFX	F	0.1%	0.03%	0.03%
	THC	B	0.17%	0.09%	0.09%
	TOL	B	0.17%	0.14%	0.14%
	TPR	A	0.13%	0.0%	0.0%
	TRMB	B	0.19%	0.07%	0.07%
	TROW	A	0.28%	0.22%	0.22%
	TRU	D	0.21%	0.11%	0.11%
	TSN	B	0.18%	0.4%	0.18%
	TTWO	A	0.33%	0.19%	0.19%
	TWLO	B	0.14%	0.0%	0.0%
	TXT	D	0.18%	0.41%	0.18%
	UAL	A	0.31%	0.35%	0.31%
	UHAL	D	0.0%	0.08%	0.0%
	UHAL	D	0.04%	0.0%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.04%	0.08%	0.04%
	UHS	D	0.13%	0.2%	0.13%
	UNM	A	0.14%	0.0%	0.0%
	URI	B	0.48%	0.58%	0.48%
	USFD	B	0.17%	0.19%	0.17%
	UTHR	B	0.19%	0.15%	0.15%
	VMC	B	0.31%	0.51%	0.31%
	VTRS	B	0.17%	0.06%	0.06%
	WAB	B	0.38%	0.29%	0.29%
	WBA	D	0.07%	0.01%	0.01%
	WBD	B	0.24%	0.04%	0.04%
	WBS	A	0.11%	0.01%	0.01%
	WDC	D	0.25%	0.13%	0.13%
	WLK	F	0.05%	0.04%	0.04%
	WMB	B	0.74%	0.3%	0.3%
	WRB	B	0.19%	0.12%	0.12%
	WTW	A	0.35%	0.15%	0.15%
	XYL	F	0.33%	0.14%	0.14%
	Z	B	0.13%	0.02%	0.02%
	ZBH	C	0.24%	0.25%	0.24%
	ZBRA	B	0.17%	0.12%	0.12%
	ZG	B	0.04%	0.0%	0.0%
	ZM	B	0.23%	0.06%	0.06%

IWS Overweight 468 Positions Relative to DFLV

	Symbol	Grade	Weight
	DLR	C	0.64%
	AJG	A	0.64%
	O	D	0.54%
	CCI	F	0.5%
	PCG	A	0.48%
	SPG	A	0.47%
	HWM	B	0.47%
	PEG	C	0.46%
	MSTR	B	0.43%
	A	F	0.43%
	MCHP	F	0.42%
	FERG	B	0.42%
	XEL	A	0.41%
	EXC	C	0.41%
	ROST	D	0.39%
	RCL	A	0.38%
	EXR	D	0.38%
	ED	D	0.37%
	AVB	B	0.36%
	VICI	D	0.35%
	EIX	C	0.34%
	ETR	B	0.34%
	PAYX	B	0.33%
	WEC	B	0.33%
	HLT	A	0.32%
	ANSS	B	0.32%
	ROK	B	0.31%
	MTD	F	0.3%
	EQR	C	0.3%
	VTR	C	0.29%
	AWK	D	0.29%
	EFX	F	0.29%
	NVR	D	0.29%
	RMD	C	0.29%
	PPL	A	0.27%
	HUBB	C	0.27%
	YUM	B	0.26%
	FE	D	0.26%
	AEE	B	0.26%
	SBAC	D	0.26%
	DTE	D	0.26%
	LNG	B	0.25%
	WY	F	0.25%
	HSY	F	0.24%
	EXE	A	0.23%
	K	A	0.23%
	ES	D	0.23%
	ATO	B	0.23%
	CMS	D	0.22%
	COO	D	0.22%
	INVH	D	0.22%
	CBOE	D	0.22%
	CNP	B	0.21%
	MSCI	B	0.21%
	ESS	C	0.21%
	ARE	F	0.21%
	WSO	B	0.2%
	MAA	C	0.2%
	CVNA	B	0.19%
	MAS	D	0.19%
	IBKR	A	0.19%
	KIM	A	0.18%
	SUI	F	0.17%
	DOC	C	0.17%
	GEN	B	0.17%
	NI	A	0.17%
	EME	B	0.16%
	COHR	C	0.16%
	VRSN	C	0.16%
	UDR	C	0.16%
	SYY	D	0.16%
	LNT	C	0.16%
	IRM	D	0.16%
	BRO	B	0.16%
	REG	A	0.15%
	EVRG	A	0.15%
	NTAP	D	0.15%
	EXPD	C	0.15%
	VLTO	D	0.15%
	HST	D	0.14%
	ITT	A	0.14%
	CPT	C	0.14%
	CACI	C	0.14%
	ALLE	D	0.14%
	CHRW	A	0.14%
	BXP	D	0.14%
	GLPI	D	0.14%
	JKHY	C	0.14%
	ELS	B	0.14%
	RPM	A	0.14%
	CDW	F	0.14%
	ATR	A	0.13%
	RRX	B	0.13%
	FDS	A	0.13%
	ALB	C	0.13%
	TECH	D	0.13%
	CAH	B	0.13%
	BJ	B	0.13%
	NTNX	B	0.13%
	WPC	F	0.13%
	FTI	B	0.13%
	SCI	B	0.13%
	AMH	C	0.13%
	CTLT	D	0.12%
	WWD	B	0.12%
	AFRM	B	0.12%
	FWONK	A	0.12%
	FHN	A	0.12%
	CUBE	D	0.12%
	AIZ	A	0.12%
	DAY	B	0.12%
	EVR	B	0.12%
	AA	C	0.12%
	SOFI	B	0.12%
	SF	A	0.12%
	WAL	B	0.11%
	TTEK	F	0.11%
	RGLD	C	0.11%
	WTRG	C	0.11%
	NLY	C	0.11%
	INGR	B	0.11%
	LAD	B	0.11%
	AYI	A	0.11%
	EHC	B	0.11%
	MKTX	C	0.11%
	OHI	C	0.11%
	AVY	F	0.11%
	RPRX	F	0.11%
	CIEN	B	0.11%
	PRI	B	0.11%
	DPZ	C	0.11%
	PNW	A	0.11%
	ALSN	B	0.11%
	GWRE	A	0.1%
	GPK	D	0.1%
	RIVN	F	0.1%
	KBR	D	0.1%
	HLI	B	0.1%
	TTC	F	0.1%
	AXTA	A	0.1%
	WAT	B	0.1%
	RL	B	0.1%
	JEF	B	0.1%
	PTC	B	0.1%
	AOS	F	0.1%
	WCC	B	0.1%
	NYT	C	0.1%
	GMED	B	0.1%
	RBC	B	0.1%
	BWXT	B	0.1%
	MTZ	B	0.1%
	ORI	A	0.1%
	PNFP	B	0.1%
	X	D	0.1%
	BRBR	A	0.1%
	TW	B	0.1%
	CMA	A	0.1%
	REXR	F	0.1%
	WST	B	0.1%
	GME	C	0.1%
	DCI	A	0.1%
	FRT	B	0.1%
	DRI	B	0.1%
	DTM	A	0.1%
	AES	F	0.1%
	RRC	B	0.09%
	MTCH	F	0.09%
	APA	F	0.09%
	FLS	B	0.09%
	LW	B	0.09%
	SEIC	A	0.09%
	WYNN	C	0.09%
	ROKU	C	0.09%
	VNO	C	0.09%
	G	B	0.09%
	SNV	B	0.09%
	CFR	B	0.09%
	LBRDK	C	0.09%
	CHRD	D	0.09%
	TKO	D	0.09%
	VOYA	B	0.09%
	CART	C	0.09%
	CBSH	A	0.09%
	WTFC	B	0.09%
	LAMR	D	0.09%
	ZION	B	0.09%
	AAL	B	0.09%
	LECO	C	0.09%
	APG	C	0.09%
	FYBR	D	0.09%
	EGP	D	0.09%
	FICO	B	0.09%
	COIN	B	0.09%
	MGM	D	0.09%
	BRX	A	0.09%
	OGE	B	0.09%
	CR	B	0.09%
	R	B	0.08%
	CGNX	C	0.08%
	BIO	C	0.08%
	FR	D	0.08%
	AGNC	C	0.08%
	FCN	F	0.08%
	ATI	F	0.08%
	PB	B	0.08%
	SSD	F	0.08%
	MKSI	C	0.08%
	OSK	B	0.08%
	VFC	C	0.08%
	KEX	A	0.08%
	ESAB	B	0.08%
	COKE	C	0.08%
	MIDD	D	0.08%
	FMC	F	0.08%
	FAST	B	0.08%
	CHE	D	0.08%
	SKX	F	0.08%
	ADC	A	0.08%
	RHI	B	0.08%
	JAZZ	B	0.08%
	MTSI	B	0.08%
	BERY	D	0.08%
	SAIC	D	0.08%
	NNN	F	0.08%
	BEN	C	0.07%
	BPOP	C	0.07%
	OLLI	C	0.07%
	STWD	C	0.07%
	OMF	A	0.07%
	VNT	C	0.07%
	LFUS	D	0.07%
	MTG	C	0.07%
	KD	A	0.07%
	S	B	0.07%
	MSA	D	0.07%
	ALK	A	0.07%
	NOV	C	0.07%
	COLB	A	0.07%
	ONTO	F	0.07%
	FAF	C	0.07%
	ESI	B	0.07%
	COLD	F	0.07%
	PARA	B	0.07%
	AXS	A	0.07%
	MAT	C	0.07%
	AZPN	A	0.07%
	HRB	D	0.07%
	DOCS	B	0.07%
	RLI	A	0.07%
	FND	F	0.07%
	HR	C	0.07%
	WH	A	0.07%
	WSM	F	0.07%
	RGEN	C	0.07%
	BBWI	C	0.07%
	LSTR	B	0.07%
	STAG	D	0.07%
	VMI	B	0.07%
	WEX	D	0.07%
	GWW	B	0.07%
	ELAN	C	0.07%
	AVT	C	0.06%
	WSC	F	0.06%
	BYD	A	0.06%
	PSN	C	0.06%
	CCCS	B	0.06%
	OLN	F	0.06%
	NFG	D	0.06%
	POST	D	0.06%
	THO	B	0.06%
	SN	C	0.06%
	RITM	C	0.06%
	CRUS	F	0.06%
	LITE	B	0.06%
	EXAS	F	0.06%
	GNRC	B	0.06%
	THG	A	0.06%
	BC	D	0.06%
	BFAM	F	0.06%
	FNB	B	0.06%
	IDA	A	0.06%
	AGCO	F	0.06%
	JHG	A	0.06%
	PVH	C	0.06%
	AMG	B	0.06%
	WHR	B	0.06%
	LNC	B	0.06%
	WMS	F	0.06%
	BILL	B	0.06%
	SAIA	B	0.06%
	AMTM	D	0.05%
	LINE	F	0.05%
	CLF	F	0.05%
	OLED	F	0.05%
	AN	C	0.05%
	GTES	B	0.05%
	TPG	B	0.05%
	SITE	D	0.05%
	M	C	0.05%
	GAP	B	0.05%
	PAYC	B	0.05%
	DLB	D	0.05%
	EEFT	C	0.05%
	SLGN	B	0.05%
	AWI	B	0.05%
	DBX	B	0.05%
	AGO	B	0.05%
	RYN	F	0.05%
	WTM	A	0.05%
	CUZ	B	0.05%
	KRC	C	0.05%
	AMP	A	0.05%
	CROX	F	0.05%
	AL	B	0.05%
	TKR	F	0.05%
	SON	F	0.05%
	OZK	B	0.05%
	HXL	F	0.05%
	FRPT	B	0.05%
	UGI	D	0.05%
	ROIV	D	0.05%
	SLM	A	0.05%
	AM	B	0.04%
	LBTYK	F	0.04%
	VAC	B	0.04%
	HUN	F	0.04%
	LBTYA	F	0.04%
	MASI	B	0.04%
	U	F	0.04%
	LOPE	B	0.04%
	EPR	D	0.04%
	FHB	B	0.04%
	NVST	C	0.04%
	TNL	A	0.04%
	HIW	D	0.04%
	PII	F	0.04%
	PRGO	C	0.04%
	XRAY	F	0.04%
	MDU	D	0.04%
	W	F	0.04%
	ACHC	F	0.04%
	ZI	C	0.04%
	DNB	B	0.04%
	NEU	C	0.04%
	PLNT	A	0.04%
	NWL	B	0.04%
	CIVI	D	0.04%
	MSGS	B	0.04%
	DXC	B	0.04%
	VNOM	C	0.04%
	ALNY	D	0.04%
	IAC	F	0.04%
	TYL	B	0.04%
	RH	C	0.04%
	HOG	D	0.04%
	FLO	F	0.04%
	MSM	C	0.04%
	ASH	F	0.04%
	KMPR	A	0.04%
	OGN	F	0.04%
	BR	A	0.03%
	CPRI	F	0.03%
	CWEN	D	0.03%
	BRKR	F	0.03%
	YETI	D	0.03%
	AZTA	F	0.03%
	PINC	B	0.03%
	GLOB	B	0.03%
	SHC	D	0.03%
	QDEL	F	0.03%
	ULTA	C	0.03%
	ENOV	C	0.03%
	SPB	A	0.03%
	EXP	B	0.03%
	AGR	C	0.03%
	MP	C	0.03%
	WU	F	0.03%
	HHH	B	0.03%
	BOKF	B	0.03%
	ALGM	F	0.03%
	CC	C	0.03%
	COLM	B	0.03%
	VIRT	B	0.03%
	SEE	C	0.03%
	CXT	F	0.03%
	CNM	D	0.03%
	MPW	F	0.03%
	LLYVK	B	0.03%
	NSA	D	0.03%
	PK	C	0.03%
	MAN	F	0.03%
	AMED	F	0.03%
	BHF	B	0.03%
	SMG	D	0.03%
	BROS	B	0.03%
	PENN	B	0.03%
	IRDM	B	0.03%
	AMKR	F	0.03%
	SPR	F	0.03%
	ECG	D	0.03%
	NXST	C	0.03%
	SNDR	B	0.02%
	TER	F	0.02%
	REYN	D	0.02%
	TRIP	D	0.02%
	LEG	F	0.02%
	INFA	F	0.02%
	UA	B	0.02%
	WEN	C	0.02%
	GO	C	0.02%
	CRI	D	0.02%
	EXEL	B	0.02%
	UAA	B	0.02%
	BIRK	F	0.02%
	VSTS	D	0.02%
	QS	F	0.02%
	CLVT	F	0.02%
	KSS	D	0.02%
	CNXC	F	0.02%
	AZEK	B	0.02%
	LYFT	B	0.02%
	ALAB	C	0.02%
	PPC	C	0.02%
	PSTG	D	0.02%
	ETSY	D	0.02%
	SAM	B	0.02%
	LCID	F	0.02%
	LPX	A	0.02%
	RKT	F	0.02%
	RCM	B	0.02%
	AAP	C	0.02%
	JWN	B	0.02%
	HAYW	B	0.02%
	IPGP	C	0.02%
	ADT	C	0.02%
	IONS	F	0.01%
	TXG	F	0.01%
	PLTK	B	0.01%
	CHH	B	0.01%
	CACC	D	0.01%
	DJT	C	0.01%
	SEB	F	0.01%
	UI	B	0.01%
	TFSL	A	0.01%
	PATH	C	0.01%
	CWEN	D	0.01%
	CAR	C	0.01%
	FIVE	F	0.01%
	HCP	A	0.01%
	LSCC	D	0.01%
	MTN	C	0.01%
	FWONA	B	0.01%
	AS	B	0.01%
	PYCR	B	0.01%
	LLYVA	B	0.01%
	DV	C	0.01%
	LBRDA	C	0.01%
	WOLF	F	0.01%
	DDS	B	0.01%
	CERT	F	0.01%
	NCNO	B	0.01%
	LOAR	C	0.0%
	PARAA	B	0.0%
	SEG	F	0.0%
	UWMC	F	0.0%
	NFE	F	0.0%
	GRAL	B	0.0%
	LAZ	C	0.0%

IWS Underweight 91 Positions Relative to DFLV

	Symbol	Grade	Weight
	JPM	A	-5.23%
	XOM	B	-4.14%
	BRK.A	B	-2.13%
	CVX	A	-2.04%
	CSCO	A	-1.71%
	CMCSA	B	-1.57%
	WFC	A	-1.47%
	VZ	D	-1.36%
	CRM	B	-1.29%
	T	A	-1.26%
	COP	C	-1.25%
	GS	B	-1.17%
	JNJ	D	-1.12%
	UNH	B	-1.05%
	BAC	A	-0.99%
	MS	A	-0.99%
	TMUS	A	-0.89%
	ABT	C	-0.86%
	GM	B	-0.85%
	ELV	F	-0.83%
	PCAR	B	-0.82%
	GILD	B	-0.76%
	RTX	D	-0.76%
	TMO	F	-0.74%
	DHR	F	-0.74%
	CI	D	-0.7%
	ADI	D	-0.69%
	MDT	D	-0.68%
	MDLZ	F	-0.62%
	VLO	C	-0.62%
	DE	D	-0.62%
	TRV	B	-0.61%
	NSC	B	-0.6%
	CB	C	-0.58%
	LIN	D	-0.57%
	FDX	B	-0.57%
	JCI	A	-0.56%
	AIG	B	-0.54%
	AMD	F	-0.54%
	F	C	-0.52%
	GD	C	-0.5%
	PSX	C	-0.49%
	COF	B	-0.49%
	MPC	D	-0.48%
	BDX	F	-0.47%
	FCX	F	-0.47%
	EOG	A	-0.46%
	APD	B	-0.45%
	ETN	B	-0.44%
	DIS	B	-0.43%
	REGN	F	-0.43%
	C	B	-0.4%
	MET	C	-0.39%
	BMY	B	-0.39%
	CVS	F	-0.39%
	FI	A	-0.38%
	STZ	D	-0.38%
	MU	D	-0.37%
	CSX	B	-0.36%
	TGT	C	-0.35%
	PFE	F	-0.34%
	INTC	C	-0.33%
	NEM	F	-0.32%
	NOC	D	-0.32%
	KDP	C	-0.29%
	CARR	C	-0.28%
	USB	B	-0.27%
	EMR	A	-0.27%
	PH	A	-0.25%
	PNC	B	-0.25%
	PYPL	A	-0.24%
	MRVL	B	-0.2%
	KHC	F	-0.17%
	OXY	F	-0.15%
	TFC	B	-0.14%
	EW	F	-0.14%
	RSG	B	-0.13%
	FLEX	B	-0.11%
	ROP	A	-0.1%
	CRBG	C	-0.09%
	MRNA	F	-0.06%
	SLB	C	-0.06%
	SMCI	F	-0.04%
	ENTG	F	-0.04%
	CME	B	-0.04%
	SCHW	B	-0.04%
	ICLR	F	-0.03%
	ICE	C	-0.02%
	BSX	A	-0.01%
	MNST	B	-0.0%
	ALV	C	-0.0%

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Utilities - Regulated Electric Oil & Gas E&P Diagnostics & Research Asset Management Packaged Foods Packaging & Containers Specialty Retail Biotechnology Business Services Software - Infrastructure Information Technology Services REIT - Residential Semiconductors Specialty Chemicals Capital Markets Insurance - Property & Casualty Building Materials

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Insurance Nasdaq 100 Bank Banking Electronics Computing Aerospace Chemical Electricity Mining Telecommunications Insurance Products Semiconductor Beverage Biotechnology Oil And Gas Plastic

DFLV: Top Represented Industries & Keywords

Industries: Diversified Industrials Oil & Gas E&P Banks - Regional - US Diagnostics & Research Insurance - Property & Casualty Semiconductors Asset Management Health Care Plans Packaged Foods Auto Parts Biotechnology Insurance - Life Medical Devices Packaging & Containers Scientific & Technical Instruments Specialty Chemicals Aerospace & Defense Banks - Global Building Materials Business Services

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Bank Aerospace Insurance Products Banking Electronics Computing Medicine Chemical Petroleum Industry Mining Semiconductor Telecommunications Beverage Investment Bank Cash Management Disability