IWS vs. DGRO ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to iShares Core Dividend Growth ETF (DGRO)

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

DGRO

iShares Core Dividend Growth ETF

DGRO Description

The investment seeks to track the investment results of the Morningstar® U.S. Dividend Growth IndexSM. The index is a dividend dollars weighted index that seeks to measure the performance of U.S. companies selected based on a consistent history of growing dividends. The index is a subset of the Morningstar® U.S. Market IndexSM, which is a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index.

Grade (RS Rating)

Last Trade

$64.26

Average Daily Volume

1,580,894

Number of Holdings ^*

412

* may have additional holdings in another (foreign) market

Performance

Period	IWS	DGRO
30 Days	5.17%	1.89%
60 Days	5.63%	3.05%
90 Days	7.53%	5.27%
12 Months	31.74%	28.56%

219 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in DGRO	Overlap
A	D	0.41%	0.06%	0.06%
ADM	D	0.28%	0.2%	0.2%
AEE	A	0.27%	0.18%	0.18%
AES	F	0.11%	0.09%	0.09%
AFG	A	0.11%	0.05%	0.05%
AFL	B	0.68%	0.24%	0.24%
AGCO	D	0.06%	0.02%	0.02%
AGO	B	0.05%	0.02%	0.02%
AIZ	A	0.13%	0.04%	0.04%
AJG	B	0.65%	0.12%	0.12%
AL	B	0.06%	0.02%	0.02%
ALB	C	0.13%	0.05%	0.05%
ALL	A	0.48%	0.23%	0.23%
ALLE	D	0.13%	0.04%	0.04%
AME	A	0.49%	0.07%	0.07%
AMP	A	0.06%	0.17%	0.06%
AMTM	D	0.03%	0.01%	0.01%
AOS	F	0.1%	0.03%	0.03%
ASH	D	0.04%	0.02%	0.02%
ATO	A	0.24%	0.12%	0.12%
ATR	B	0.12%	0.03%	0.03%
AVT	C	0.05%	0.03%	0.03%
AVY	D	0.11%	0.06%	0.06%
AWI	A	0.05%	0.01%	0.01%
AWK	D	0.29%	0.12%	0.12%
AXS	A	0.07%	0.04%	0.04%
BAX	D	0.18%	0.11%	0.11%
BC	C	0.06%	0.03%	0.03%
BK	A	0.64%	0.36%	0.36%
BOKF	B	0.03%	0.01%	0.01%
BPOP	B	0.07%	0.04%	0.04%
BR	A	0.03%	0.09%	0.03%
BRO	B	0.16%	0.03%	0.03%
BWXT	B	0.1%	0.03%	0.03%
CAH	B	0.13%	0.12%	0.12%
CASY	A	0.13%	0.02%	0.02%
CBSH	A	0.09%	0.04%	0.04%
CDW	F	0.13%	0.06%	0.06%
CE	F	0.07%	0.04%	0.04%
CFR	B	0.09%	0.07%	0.07%
CGNX	C	0.07%	0.01%	0.01%
CHD	B	0.29%	0.07%	0.07%
CHE	D	0.08%	0.01%	0.01%
CHRW	C	0.14%	0.07%	0.07%
CINF	A	0.26%	0.13%	0.13%
CMA	A	0.1%	0.11%	0.1%
CMI	A	0.54%	0.28%	0.28%
CMS	C	0.22%	0.14%	0.14%
COLM	B	0.03%	0.01%	0.01%
CRI	D	0.02%	0.02%	0.02%
CSL	C	0.19%	0.05%	0.05%
CTVA	C	0.43%	0.1%	0.1%
CW	B	0.15%	0.01%	0.01%
DCI	B	0.1%	0.03%	0.03%
DDS	B	0.01%	0.0%	0.0%
DFS	B	0.48%	0.22%	0.22%
DG	F	0.18%	0.11%	0.11%
DGX	A	0.2%	0.08%	0.08%
DHI	D	0.53%	0.07%	0.07%
DKS	C	0.11%	0.06%	0.06%
DLB	B	0.05%	0.02%	0.02%
DOV	A	0.3%	0.07%	0.07%
DPZ	C	0.11%	0.05%	0.05%
DTE	C	0.27%	0.19%	0.19%
EBAY	D	0.34%	0.13%	0.13%
ECG	C	0.03%	0.01%	0.01%
ED	D	0.37%	0.24%	0.24%
EG	C	0.15%	0.08%	0.08%
EIX	B	0.35%	0.27%	0.27%
EMN	D	0.13%	0.09%	0.09%
ES	D	0.24%	0.21%	0.21%
ETR	B	0.35%	0.26%	0.26%
EVR	B	0.12%	0.03%	0.03%
EWBC	A	0.16%	0.09%	0.09%
EXPD	D	0.16%	0.05%	0.05%
FAF	A	0.07%	0.05%	0.05%
FAST	B	0.08%	0.24%	0.08%
FBIN	D	0.1%	0.03%	0.03%
FDS	B	0.13%	0.04%	0.04%
FERG	B	0.42%	0.16%	0.16%
FIS	C	0.54%	0.19%	0.19%
FLO	D	0.04%	0.04%	0.04%
FMC	D	0.07%	0.06%	0.06%
FNF	B	0.18%	0.12%	0.12%
G	B	0.09%	0.03%	0.03%
GGG	B	0.16%	0.04%	0.04%
GL	B	0.11%	0.02%	0.02%
GLW	B	0.39%	0.22%	0.22%
GNTX	C	0.08%	0.03%	0.03%
GPC	D	0.19%	0.12%	0.12%
GRMN	B	0.36%	0.12%	0.12%
GWW	B	0.07%	0.1%	0.07%
HIG	B	0.38%	0.13%	0.13%
HII	D	0.08%	0.04%	0.04%
HLI	B	0.1%	0.03%	0.03%
HPQ	B	0.3%	0.27%	0.27%
HRB	D	0.07%	0.04%	0.04%
HRL	D	0.09%	0.07%	0.07%
HSY	F	0.24%	0.16%	0.16%
HUBB	B	0.26%	0.07%	0.07%
HUM	C	0.37%	0.08%	0.08%
IDA	A	0.07%	0.04%	0.04%
IEX	B	0.19%	0.06%	0.06%
INGR	B	0.1%	0.05%	0.05%
IPG	D	0.11%	0.1%	0.1%
IR	B	0.45%	0.01%	0.01%
ITT	A	0.14%	0.03%	0.03%
J	F	0.19%	0.03%	0.03%
JBHT	C	0.16%	0.04%	0.04%
JEF	A	0.1%	0.07%	0.07%
JKHY	D	0.14%	0.04%	0.04%
K	A	0.23%	0.14%	0.14%
KR	B	0.42%	0.22%	0.22%
LAD	A	0.11%	0.02%	0.02%
LECO	B	0.09%	0.04%	0.04%
LFUS	F	0.06%	0.02%	0.02%
LHX	C	0.51%	0.22%	0.22%
LNT	A	0.17%	0.12%	0.12%
LPX	B	0.02%	0.02%	0.02%
LSTR	D	0.07%	0.01%	0.01%
LW	C	0.08%	0.06%	0.06%
MAN	D	0.03%	0.03%	0.03%
MAS	D	0.19%	0.06%	0.06%
MCHP	D	0.37%	0.18%	0.18%
MDU	D	0.04%	0.02%	0.02%
MKC	D	0.21%	0.09%	0.09%
MKTX	D	0.11%	0.03%	0.03%
MLM	B	0.37%	0.05%	0.05%
MOS	F	0.09%	0.07%	0.07%
MSA	D	0.07%	0.02%	0.02%
MSCI	C	0.21%	0.12%	0.12%
MSM	C	0.04%	0.04%	0.04%
MTB	A	0.39%	0.27%	0.27%
MTG	C	0.07%	0.03%	0.03%
NDAQ	A	0.36%	0.09%	0.09%
NDSN	B	0.16%	0.04%	0.04%
NFG	A	0.06%	0.04%	0.04%
NI	A	0.18%	0.12%	0.12%
NTAP	C	0.15%	0.1%	0.1%
NTRS	A	0.24%	0.17%	0.17%
NUE	C	0.39%	0.13%	0.13%
NVT	B	0.13%	0.03%	0.03%
NXST	C	0.03%	0.05%	0.03%
NYT	C	0.09%	0.02%	0.02%
OC	A	0.18%	0.06%	0.06%
OLED	D	0.04%	0.01%	0.01%
OMC	C	0.21%	0.12%	0.12%
ORI	A	0.1%	0.07%	0.07%
OSK	B	0.08%	0.03%	0.03%
OTIS	C	0.44%	0.15%	0.15%
OVV	B	0.13%	0.08%	0.08%
OZK	B	0.06%	0.05%	0.05%
PAG	B	0.03%	0.02%	0.02%
PB	A	0.08%	0.06%	0.06%
PEG	A	0.49%	0.3%	0.3%
PFG	D	0.22%	0.17%	0.17%
PHM	D	0.29%	0.04%	0.04%
PII	D	0.04%	0.03%	0.03%
PNR	A	0.19%	0.04%	0.04%
PNW	B	0.11%	0.09%	0.09%
PPG	F	0.32%	0.14%	0.14%
PRGO	B	0.04%	0.03%	0.03%
PRI	A	0.11%	0.03%	0.03%
PWR	A	0.36%	0.02%	0.02%
R	B	0.08%	0.04%	0.04%
RGA	A	0.17%	0.06%	0.06%
RGLD	C	0.1%	0.02%	0.02%
RHI	B	0.08%	0.06%	0.06%
RJF	A	0.33%	0.11%	0.11%
RLI	B	0.08%	0.01%	0.01%
RMD	C	0.27%	0.07%	0.07%
RNR	C	0.15%	0.02%	0.02%
ROK	B	0.33%	0.15%	0.15%
ROST	C	0.39%	0.1%	0.1%
RPM	A	0.15%	0.06%	0.06%
RRX	B	0.12%	0.02%	0.02%
RS	B	0.2%	0.06%	0.06%
SCI	B	0.13%	0.04%	0.04%
SEIC	B	0.09%	0.03%	0.03%
SF	B	0.13%	0.05%	0.05%
SIRI	C	0.07%	0.01%	0.01%
SJM	D	0.12%	0.1%	0.1%
SLGN	A	0.05%	0.02%	0.02%
SNA	A	0.2%	0.12%	0.12%
SNX	C	0.1%	0.02%	0.02%
SON	D	0.05%	0.04%	0.04%
SSD	D	0.08%	0.01%	0.01%
SSNC	B	0.17%	0.05%	0.05%
STE	F	0.24%	0.04%	0.04%
STLD	B	0.23%	0.08%	0.08%
STT	A	0.32%	0.22%	0.22%
SWK	D	0.14%	0.1%	0.1%
SWKS	F	0.15%	0.08%	0.08%
SYF	B	0.28%	0.13%	0.13%
SYY	B	0.16%	0.23%	0.16%
THG	A	0.06%	0.03%	0.03%
THO	B	0.06%	0.02%	0.02%
TKR	D	0.05%	0.02%	0.02%
TTC	D	0.09%	0.03%	0.03%
TTEK	F	0.1%	0.01%	0.01%
UNM	A	0.15%	0.08%	0.08%
VMC	B	0.3%	0.07%	0.07%
VOYA	B	0.09%	0.05%	0.05%
WAL	B	0.11%	0.04%	0.04%
WEC	A	0.34%	0.25%	0.25%
WLK	D	0.05%	0.02%	0.02%
WMS	D	0.06%	0.01%	0.01%
WRB	A	0.2%	0.02%	0.02%
WSM	B	0.07%	0.06%	0.06%
WSO	A	0.2%	0.1%	0.1%
WST	C	0.1%	0.01%	0.01%
WTFC	A	0.09%	0.04%	0.04%
WTRG	B	0.11%	0.07%	0.07%
WTW	B	0.35%	0.09%	0.09%
XEL	A	0.43%	0.3%	0.3%
XRAY	F	0.04%	0.02%	0.02%
XYL	D	0.32%	0.07%	0.07%
YUM	B	0.26%	0.17%	0.17%
ZION	B	0.1%	0.07%	0.07%

IWS Overweight 488 Positions Relative to DGRO

Symbol	Grade	Weight
WMB	A	0.76%
OKE	A	0.7%
DLR	B	0.64%
KMI	A	0.58%
MSTR	C	0.55%
O	D	0.54%
CCI	D	0.5%
KVUE	A	0.5%
PRU	A	0.5%
PCG	A	0.49%
SPG	B	0.48%
HWM	A	0.47%
BKR	B	0.47%
EA	A	0.47%
URI	B	0.46%
DAL	C	0.45%
CBRE	B	0.44%
LEN	D	0.44%
EXC	C	0.43%
CTSH	B	0.42%
CHTR	C	0.4%
ACGL	D	0.4%
GIS	D	0.39%
RCL	A	0.39%
WAB	B	0.38%
DD	D	0.38%
EXR	D	0.38%
FANG	D	0.37%
GEHC	F	0.37%
AVB	B	0.36%
VICI	C	0.36%
FITB	A	0.35%
TTWO	A	0.34%
IQV	D	0.34%
DOW	F	0.34%
GPN	B	0.33%
HLT	A	0.33%
UAL	A	0.33%
CNC	D	0.33%
CSGP	D	0.32%
ANSS	B	0.32%
PAYX	C	0.32%
ON	D	0.31%
EQR	B	0.31%
SQ	B	0.3%
HPE	B	0.3%
TROW	B	0.29%
KEYS	A	0.29%
HAL	C	0.29%
FTV	C	0.29%
FCNCA	A	0.29%
SW	A	0.29%
HBAN	A	0.28%
VTR	C	0.28%
NVR	D	0.28%
CCL	B	0.27%
DVN	F	0.27%
RF	A	0.27%
EFX	F	0.27%
MTD	D	0.27%
PPL	B	0.27%
BIIB	F	0.26%
EQT	B	0.26%
SBAC	D	0.26%
LNG	B	0.26%
FE	C	0.26%
WBD	C	0.25%
WY	D	0.25%
ZBH	C	0.25%
ZM	B	0.24%
HOOD	B	0.24%
EXE	B	0.24%
ILMN	D	0.24%
LYB	F	0.24%
LDOS	C	0.24%
TDY	B	0.24%
IFF	D	0.24%
WDC	D	0.23%
INVH	D	0.23%
PKG	A	0.23%
CBOE	B	0.23%
CFG	B	0.23%
LH	C	0.22%
BBY	D	0.22%
IP	B	0.22%
FSLR	F	0.22%
BALL	D	0.21%
CTRA	B	0.21%
IBKR	A	0.21%
BLDR	D	0.21%
ESS	B	0.21%
COO	D	0.21%
LUV	C	0.21%
CNP	B	0.21%
KEY	B	0.2%
HOLX	D	0.2%
TSN	B	0.2%
ARE	D	0.2%
MAA	B	0.2%
CVNA	B	0.19%
TRMB	B	0.19%
TRU	D	0.19%
CF	B	0.18%
MRO	B	0.18%
GEN	B	0.18%
KIM	A	0.18%
MKL	A	0.18%
L	A	0.17%
VTRS	A	0.17%
SUI	D	0.17%
ZBRA	B	0.17%
TOL	B	0.17%
TXT	D	0.17%
UTHR	C	0.17%
EVRG	A	0.16%
IRM	D	0.16%
VRSN	F	0.16%
HES	B	0.16%
APTV	D	0.16%
UDR	B	0.16%
ACM	A	0.16%
DOC	D	0.16%
USFD	A	0.16%
THC	D	0.16%
AMCR	D	0.16%
TWLO	A	0.15%
RVTY	F	0.15%
REG	B	0.15%
VLTO	D	0.15%
FFIV	B	0.15%
EME	C	0.15%
AVTR	F	0.15%
BXP	D	0.14%
CPT	B	0.14%
COHR	B	0.14%
CLH	B	0.14%
AMH	D	0.14%
CAG	D	0.14%
BG	F	0.14%
GLPI	C	0.14%
DLTR	F	0.14%
AFRM	B	0.14%
JBL	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%
Z	A	0.13%
UHS	D	0.13%
SOFI	A	0.13%
JNPR	F	0.13%
BMRN	D	0.13%
HST	C	0.13%
FTI	A	0.13%
NTNX	A	0.13%
WPC	D	0.13%
EPAM	C	0.13%
FOXA	B	0.12%
TECH	D	0.12%
CCK	C	0.12%
CTLT	B	0.12%
CUBE	D	0.12%
FWONK	B	0.12%
NWSA	B	0.12%
TAP	C	0.12%
PFGC	B	0.12%
AA	B	0.12%
CG	A	0.12%
FHN	A	0.12%
NRG	B	0.12%
CRL	C	0.11%
DOX	D	0.11%
CIEN	B	0.11%
COIN	C	0.11%
EHC	B	0.11%
ARMK	B	0.11%
DTM	B	0.11%
OHI	C	0.11%
NLY	C	0.11%
GME	C	0.11%
LKQ	D	0.11%
AYI	B	0.11%
RPRX	D	0.11%
BLD	D	0.11%
DAY	B	0.11%
ALSN	B	0.11%
WWD	B	0.11%
WBS	A	0.11%
CACI	D	0.11%
GWRE	A	0.1%
ALLY	C	0.1%
BRX	A	0.1%
MGM	D	0.1%
KNX	B	0.1%
AAL	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%
TW	A	0.1%
REXR	F	0.1%
GMED	A	0.1%
FRT	B	0.1%
SOLV	C	0.1%
DRI	B	0.1%
BRBR	A	0.1%
CNH	C	0.1%
PNFP	B	0.1%
FLS	B	0.09%
BWA	D	0.09%
ACI	C	0.09%
MTCH	D	0.09%
CHRD	D	0.09%
RRC	B	0.09%
CZR	F	0.09%
SNV	B	0.09%
X	C	0.09%
APG	B	0.09%
APA	D	0.09%
TKO	B	0.09%
FICO	B	0.09%
CPB	D	0.09%
LAMR	D	0.09%
WAT	B	0.09%
EGP	F	0.09%
RIVN	F	0.09%
RL	B	0.09%
GPK	C	0.09%
CR	A	0.09%
MTZ	B	0.09%
JLL	D	0.09%
WYNN	D	0.09%
FYBR	D	0.09%
OGE	B	0.09%
DAR	C	0.08%
ELAN	D	0.08%
FCN	D	0.08%
MTSI	B	0.08%
GXO	B	0.08%
FND	C	0.08%
ALGN	D	0.08%
FR	C	0.08%
ATI	D	0.08%
ESAB	B	0.08%
AGNC	D	0.08%
VFC	C	0.08%
BBWI	D	0.08%
VNO	B	0.08%
KBR	F	0.08%
MIDD	C	0.08%
CART	C	0.08%
SKX	D	0.08%
COKE	C	0.08%
MHK	D	0.08%
LBRDK	C	0.08%
KEX	C	0.08%
ROKU	D	0.08%
ADC	B	0.08%
JAZZ	B	0.08%
PR	B	0.08%
BERY	B	0.08%
NNN	D	0.08%
LNC	B	0.07%
WHR	B	0.07%
VNT	B	0.07%
RGEN	D	0.07%
S	B	0.07%
WBA	F	0.07%
STWD	C	0.07%
ARW	D	0.07%
BIO	D	0.07%
BEN	C	0.07%
QRVO	F	0.07%
COLD	D	0.07%
OMF	A	0.07%
MTDR	B	0.07%
SAIC	F	0.07%
MAT	D	0.07%
NOV	C	0.07%
MOH	F	0.07%
ESI	A	0.07%
KD	B	0.07%
PARA	C	0.07%
IVZ	B	0.07%
BILL	A	0.07%
OKTA	C	0.07%
COLB	A	0.07%
STAG	F	0.07%
MKSI	C	0.07%
HR	C	0.07%
WEX	D	0.07%
AZPN	A	0.07%
DINO	D	0.07%
VMI	B	0.07%
ALK	C	0.07%
WH	B	0.07%
BYD	C	0.06%
UGI	A	0.06%
BFAM	D	0.06%
POST	C	0.06%
SLM	A	0.06%
CCCS	B	0.06%
SN	D	0.06%
LEA	D	0.06%
EXAS	D	0.06%
CRUS	D	0.06%
GNRC	B	0.06%
LITE	B	0.06%
RITM	C	0.06%
OLLI	D	0.06%
DOCS	C	0.06%
FOX	A	0.06%
PVH	C	0.06%
H	B	0.06%
SAIA	B	0.06%
ONTO	D	0.06%
JHG	A	0.06%
AMG	B	0.06%
FNB	A	0.06%
GTES	A	0.05%
TPG	A	0.05%
PAYC	B	0.05%
AN	C	0.05%
M	D	0.05%
GAP	C	0.05%
KMPR	B	0.05%
EEFT	B	0.05%
RYN	D	0.05%
PSN	D	0.05%
WSC	D	0.05%
DBX	B	0.05%
KRC	C	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%
HUN	F	0.04%
AM	A	0.04%
ZG	A	0.04%
ALNY	D	0.04%
EPR	D	0.04%
HIW	D	0.04%
MASI	A	0.04%
ACHC	F	0.04%
FHB	A	0.04%
UHAL	D	0.04%
IAC	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%
CIVI	D	0.04%
DNB	B	0.04%
NEU	C	0.04%
MSGS	A	0.04%
DXC	B	0.04%
PLNT	A	0.04%
RH	B	0.04%
TYL	B	0.04%
OGN	D	0.04%
LINE	F	0.04%
SITE	D	0.04%
HOG	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%
MP	B	0.03%
ENOV	C	0.03%
HHH	B	0.03%
MPW	F	0.03%
AGR	B	0.03%
CC	C	0.03%
WU	D	0.03%
COTY	F	0.03%
CXT	B	0.03%
CNM	D	0.03%
SEE	C	0.03%
VIRT	B	0.03%
U	C	0.03%
AMED	F	0.03%
AMKR	D	0.03%
NSA	D	0.03%
PK	B	0.03%
IRDM	D	0.03%
SNRE	D	0.03%
LLYVK	A	0.03%
BROS	B	0.03%
SPR	D	0.03%
BHF	B	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%
LEG	F	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%
LEN	D	0.02%
ALAB	B	0.02%
VSTS	C	0.02%
CNXC	F	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%
KSS	F	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%
ADT	C	0.02%
AAP	C	0.02%
RCM	F	0.02%
SAM	C	0.02%
TXG	F	0.01%
PLTK	B	0.01%
CHH	A	0.01%
DJT	C	0.01%
CACC	D	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%
CNA	B	0.01%
LBRDA	C	0.01%
HAS	D	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%
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%
LAZ	B	0.0%
IONS	F	0.0%

IWS Underweight 193 Positions Relative to DGRO

Symbol	Grade	Weight
JPM	A	-3.24%
XOM	B	-3.04%
CVX	A	-2.95%
MSFT	F	-2.83%
AAPL	C	-2.79%
JNJ	D	-2.54%
AVGO	D	-2.28%
HD	A	-2.24%
ABBV	D	-2.12%
PG	A	-2.11%
UNH	C	-1.77%
BAC	A	-1.77%
CSCO	B	-1.72%
PEP	F	-1.53%
KO	D	-1.5%
MRK	F	-1.49%
MS	A	-1.46%
IBM	C	-1.37%
BMY	B	-1.29%
CMCSA	B	-1.21%
C	A	-1.17%
UPS	C	-1.13%
GS	A	-1.12%
MCD	D	-1.11%
GILD	C	-0.96%
AMGN	D	-0.94%
COP	C	-0.91%
WMT	A	-0.88%
NEE	D	-0.88%
ABT	B	-0.87%
V	A	-0.86%
QCOM	F	-0.83%
BLK	C	-0.82%
LLY	F	-0.81%
MDT	D	-0.79%
RTX	C	-0.76%
ACN	C	-0.74%
HON	B	-0.72%
CAT	B	-0.72%
UNP	C	-0.71%
DUK	C	-0.71%
SO	D	-0.71%
PNC	B	-0.68%
ORCL	B	-0.68%
LOW	D	-0.65%
LIN	D	-0.59%
SBUX	A	-0.59%
LMT	D	-0.57%
ADP	B	-0.56%
EOG	A	-0.54%
MA	C	-0.53%
TGT	F	-0.49%
COST	B	-0.47%
PSX	C	-0.46%
MDLZ	F	-0.45%
ITW	B	-0.42%
AXP	A	-0.41%
APD	A	-0.41%
ETN	A	-0.41%
AEP	D	-0.4%
SRE	A	-0.4%
CME	A	-0.39%
NKE	D	-0.39%
ADI	D	-0.38%
MMC	B	-0.36%
EMR	A	-0.35%
KMB	D	-0.35%
CL	D	-0.33%
MET	A	-0.33%
CB	C	-0.32%
GD	F	-0.31%
NSC	B	-0.29%
SYK	C	-0.28%
AMAT	F	-0.27%
NOC	D	-0.26%
WM	A	-0.26%
INTU	C	-0.25%
TRV	B	-0.25%
SPGI	C	-0.25%
ELV	F	-0.25%
BDX	F	-0.24%
CSX	B	-0.23%
ICE	C	-0.23%
PH	A	-0.23%
LRCX	F	-0.22%
NXPI	D	-0.22%
TT	A	-0.2%
ARES	A	-0.19%
TEL	B	-0.19%
ZTS	D	-0.17%
MSI	B	-0.17%
PCAR	B	-0.17%
SHW	A	-0.16%
KLAC	D	-0.15%
AON	A	-0.15%
APH	A	-0.14%
STZ	D	-0.14%
CTAS	B	-0.13%
ECL	D	-0.13%
DHR	F	-0.13%
MCO	B	-0.12%
TSCO	D	-0.11%
TMO	F	-0.11%
VST	B	-0.11%
HCA	F	-0.1%
MCK	B	-0.1%
RSG	A	-0.1%
COR	B	-0.08%
ROP	B	-0.07%
BAH	F	-0.06%
EQH	B	-0.06%
TXRH	C	-0.05%
GBCI	B	-0.05%
POR	C	-0.05%
VRSK	A	-0.05%
ODFL	B	-0.05%
TPL	A	-0.04%
LII	A	-0.04%
TXNM	A	-0.04%
NJR	A	-0.04%
SR	A	-0.04%
HOMB	A	-0.04%
POOL	C	-0.04%
SSB	B	-0.04%
LCII	C	-0.03%
ESNT	D	-0.03%
UCB	A	-0.03%
CATY	B	-0.03%
FFIN	B	-0.03%
KTB	B	-0.03%
OGS	A	-0.03%
MPWR	F	-0.03%
AWR	B	-0.02%
NSP	D	-0.02%
LANC	C	-0.02%
HI	C	-0.02%
CADE	B	-0.02%
MGEE	C	-0.02%
SFBS	B	-0.02%
OTTR	C	-0.02%
AIT	A	-0.02%
UMBF	B	-0.02%
CNO	A	-0.02%
WD	D	-0.02%
GATX	A	-0.02%
UFPI	B	-0.02%
SIGI	C	-0.02%
HLNE	B	-0.02%
FBP	B	-0.02%
ERIE	D	-0.02%
AVNT	B	-0.02%
CBT	C	-0.02%
WING	D	-0.01%
KWR	C	-0.01%
GOLF	B	-0.01%
AIN	C	-0.01%
BCPC	B	-0.01%
CHDN	B	-0.01%
BCC	B	-0.01%
GPI	A	-0.01%
AAON	B	-0.01%
BRC	D	-0.01%
IOSP	B	-0.01%
WHD	B	-0.01%
BMI	B	-0.01%
FELE	B	-0.01%
FUL	F	-0.01%
BANF	B	-0.01%
POWI	D	-0.01%
JJSF	B	-0.01%
TEX	D	-0.01%
MORN	B	-0.01%
MGRC	B	-0.01%
WTS	B	-0.01%
RUSHA	C	-0.01%
EXPO	D	-0.01%
FCFS	F	-0.01%
WDFC	B	-0.01%
FIX	A	-0.01%
SHOO	D	-0.01%
IPAR	B	-0.01%
MATX	C	-0.01%
ABM	B	-0.01%
CWT	D	-0.01%
RUSHB	B	-0.0%
ENSG	D	-0.0%
HEI	B	-0.0%
KNSL	B	-0.0%
NNI	D	-0.0%
HEI	B	-0.0%
CSWI	A	-0.0%
WOR	F	-0.0%
KAI	A	-0.0%