IWS vs. FELV ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

$134.12

Average Daily Volume

263,193

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$31.79

Average Daily Volume

103,773

Number of Holdings ^*

323

* may have additional holdings in another (foreign) market

Performance

Period	IWS	FELV
30 Days	0.12%	0.49%
60 Days	3.53%	4.07%
90 Days	6.66%	7.11%
12 Months	28.83%

165 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in FELV	Overlap
A	D	0.43%	0.09%	0.09%
ADM	D	0.27%	0.1%	0.1%
AES	F	0.1%	0.16%	0.1%
AIZ	A	0.12%	0.1%	0.1%
ALL	A	0.47%	0.18%	0.18%
ALLE	D	0.14%	0.53%	0.14%
AM	A	0.04%	0.11%	0.04%
AME	A	0.48%	0.16%	0.16%
AMH	C	0.13%	0.11%	0.11%
ANSS	B	0.32%	0.01%	0.01%
ARW	D	0.07%	0.06%	0.06%
AXS	A	0.07%	0.01%	0.01%
AXTA	A	0.1%	0.03%	0.03%
AYI	A	0.11%	0.02%	0.02%
BAX	F	0.19%	0.08%	0.08%
BBWI	C	0.07%	0.06%	0.06%
BBY	C	0.21%	0.14%	0.14%
BERY	D	0.08%	0.02%	0.02%
BIIB	F	0.27%	0.33%	0.27%
BK	A	0.62%	0.62%	0.62%
BKR	A	0.47%	0.1%	0.1%
BLD	F	0.12%	0.11%	0.11%
BMRN	F	0.14%	0.12%	0.12%
BRX	A	0.09%	0.34%	0.09%
BYD	A	0.06%	0.07%	0.06%
CACI	C	0.14%	0.58%	0.14%
CAH	B	0.13%	0.3%	0.13%
CCI	D	0.5%	0.55%	0.5%
CCK	D	0.12%	0.18%	0.12%
CCL	A	0.26%	0.13%	0.13%
CINF	A	0.25%	0.27%	0.25%
CMI	A	0.53%	0.33%	0.33%
CNC	F	0.34%	0.23%	0.23%
CNP	A	0.21%	0.14%	0.14%
CRUS	F	0.06%	0.1%	0.06%
CSGP	F	0.34%	0.04%	0.04%
CTRA	A	0.2%	0.05%	0.05%
CVNA	A	0.19%	0.62%	0.19%
CW	B	0.16%	0.06%	0.06%
CWEN	D	0.03%	0.04%	0.03%
CWEN	D	0.03%	0.02%	0.02%
CWEN	D	0.01%	0.04%	0.01%
CWEN	D	0.01%	0.02%	0.01%
CXT	D	0.03%	0.01%	0.01%
DBX	C	0.05%	0.44%	0.05%
DD	D	0.38%	0.48%	0.38%
DFS	A	0.47%	0.05%	0.05%
DGX	A	0.19%	0.01%	0.01%
DHI	D	0.54%	0.03%	0.03%
DOC	D	0.17%	0.23%	0.17%
DTE	C	0.26%	0.09%	0.09%
DVN	F	0.27%	0.34%	0.27%
EA	A	0.46%	0.06%	0.06%
ED	D	0.37%	0.22%	0.22%
EEFT	C	0.05%	0.12%	0.05%
EIX	C	0.34%	0.16%	0.16%
ELAN	C	0.07%	0.03%	0.03%
EQR	C	0.3%	0.17%	0.17%
ES	C	0.23%	0.13%	0.13%
EVRG	A	0.15%	0.34%	0.15%
EXC	C	0.41%	0.23%	0.23%
EXEL	B	0.02%	0.36%	0.02%
FANG	D	0.37%	0.14%	0.14%
FLS	A	0.09%	0.25%	0.09%
FR	D	0.08%	0.27%	0.08%
FTI	A	0.13%	0.13%	0.13%
FTV	D	0.29%	0.33%	0.29%
GAP	C	0.05%	0.25%	0.05%
GEHC	D	0.37%	0.16%	0.16%
GIS	D	0.4%	0.05%	0.05%
GL	B	0.11%	0.27%	0.11%
GLPI	D	0.14%	0.05%	0.05%
GLW	B	0.4%	0.02%	0.02%
GPN	B	0.31%	0.09%	0.09%
GRMN	B	0.36%	0.09%	0.09%
HAL	C	0.28%	0.12%	0.12%
HPE	B	0.31%	0.21%	0.21%
HUM	F	0.38%	0.1%	0.1%
HWM	A	0.47%	0.12%	0.12%
IFF	D	0.26%	0.09%	0.09%
ILMN	C	0.26%	0.17%	0.17%
INCY	B	0.14%	0.23%	0.14%
INGR	B	0.11%	0.04%	0.04%
IQV	F	0.38%	0.19%	0.19%
ITT	A	0.14%	0.18%	0.14%
KD	A	0.07%	0.09%	0.07%
KEY	A	0.19%	0.17%	0.17%
KMI	A	0.56%	0.23%	0.23%
KR	B	0.43%	0.31%	0.31%
L	A	0.16%	0.34%	0.16%
LDOS	C	0.29%	0.58%	0.29%
LEG	F	0.02%	0.06%	0.02%
LH	B	0.22%	0.08%	0.08%
LHX	B	0.53%	0.43%	0.43%
LPX	A	0.02%	0.31%	0.02%
LYFT	B	0.02%	0.01%	0.01%
M	C	0.05%	0.01%	0.01%
MGM	D	0.09%	0.2%	0.09%
MKC	D	0.21%	0.08%	0.08%
MSA	D	0.07%	0.04%	0.04%
MSCI	A	0.21%	0.19%	0.19%
MTDR	C	0.07%	0.18%	0.07%
NTAP	D	0.15%	0.12%	0.12%
NUE	D	0.41%	0.36%	0.36%
NWL	B	0.04%	0.06%	0.04%
NWS	A	0.04%	0.03%	0.03%
NWSA	B	0.12%	0.06%	0.06%
OC	A	0.18%	0.21%	0.18%
OGE	A	0.09%	0.06%	0.06%
OGN	F	0.04%	0.02%	0.02%
OKTA	D	0.07%	0.02%	0.02%
PCG	A	0.48%	0.38%	0.38%
PEG	C	0.46%	0.1%	0.1%
PFG	C	0.21%	0.16%	0.16%
PKG	B	0.23%	0.13%	0.13%
PLTK	A	0.01%	0.05%	0.01%
PNR	A	0.19%	0.18%	0.18%
PPG	F	0.32%	0.57%	0.32%
PRU	A	0.47%	0.33%	0.33%
QRVO	F	0.07%	0.11%	0.07%
RCL	A	0.38%	0.15%	0.15%
REG	A	0.15%	0.07%	0.07%
RGA	A	0.16%	0.03%	0.03%
RJF	A	0.33%	0.03%	0.03%
ROST	D	0.39%	0.11%	0.11%
SAM	B	0.02%	0.05%	0.02%
SEE	B	0.03%	0.25%	0.03%
SEIC	A	0.09%	0.57%	0.09%
SOLV	C	0.11%	0.12%	0.11%
SON	D	0.05%	0.06%	0.05%
SPG	A	0.47%	0.18%	0.18%
SQ	A	0.26%	0.69%	0.26%
SSNC	D	0.17%	0.57%	0.17%
STLD	B	0.24%	0.48%	0.24%
STT	B	0.31%	0.14%	0.14%
SWKS	F	0.15%	0.13%	0.13%
SYF	A	0.27%	0.03%	0.03%
TAP	A	0.11%	0.14%	0.11%
TFX	F	0.1%	0.03%	0.03%
TNL	A	0.04%	0.01%	0.01%
TOL	B	0.17%	0.28%	0.17%
TPR	A	0.13%	0.09%	0.09%
TRMB	A	0.19%	0.05%	0.05%
TROW	A	0.28%	0.13%	0.13%
TWLO	A	0.14%	0.46%	0.14%
TXT	D	0.18%	0.55%	0.18%
UHS	D	0.13%	0.13%	0.13%
UNM	A	0.14%	0.36%	0.14%
USFD	B	0.17%	0.19%	0.17%
VICI	C	0.35%	0.24%	0.24%
VLTO	D	0.15%	0.04%	0.04%
VMC	B	0.31%	0.28%	0.28%
VMI	B	0.07%	0.2%	0.07%
VSTS	F	0.02%	0.06%	0.02%
WAB	B	0.38%	0.49%	0.38%
WBD	B	0.24%	0.09%	0.09%
WCC	A	0.1%	0.08%	0.08%
WDC	F	0.25%	0.14%	0.14%
WMB	A	0.74%	0.12%	0.12%
WTW	B	0.35%	0.26%	0.26%
XEL	A	0.41%	0.24%	0.24%
Z	A	0.13%	0.2%	0.13%
ZBRA	B	0.17%	0.33%	0.17%
ZG	A	0.04%	0.16%	0.04%
ZM	B	0.23%	0.66%	0.23%

IWS Overweight 543 Positions Relative to FELV

Symbol	Grade	Weight
OKE	A	0.68%
AFL	C	0.66%
DLR	A	0.64%
AJG	A	0.64%
FIS	B	0.54%
O	D	0.54%
KVUE	A	0.49%
URI	B	0.48%
LEN	D	0.45%
IR	A	0.45%
CBRE	B	0.45%
OTIS	D	0.44%
CTVA	D	0.44%
DAL	A	0.43%
MSTR	B	0.43%
CTSH	B	0.43%
MCHP	F	0.42%
FERG	D	0.42%
ACGL	C	0.4%
CHTR	B	0.4%
MLM	B	0.39%
MTB	A	0.38%
EXR	C	0.38%
HIG	C	0.37%
AVB	A	0.36%
PWR	A	0.36%
NDAQ	A	0.35%
DOW	F	0.35%
EBAY	C	0.34%
FITB	A	0.34%
ETR	A	0.34%
XYL	D	0.33%
ON	F	0.33%
PAYX	B	0.33%
TTWO	A	0.33%
WEC	A	0.33%
HLT	A	0.32%
ROK	A	0.31%
UAL	A	0.31%
KEYS	C	0.31%
HPQ	B	0.3%
PHM	D	0.3%
MTD	F	0.3%
DOV	A	0.3%
VTR	C	0.29%
AWK	D	0.29%
EFX	F	0.29%
NVR	D	0.29%
RMD	C	0.29%
SW	A	0.29%
FCNCA	A	0.28%
CHD	A	0.28%
PPL	A	0.27%
HUBB	B	0.27%
HBAN	A	0.27%
RF	A	0.26%
YUM	D	0.26%
FE	D	0.26%
AEE	A	0.26%
SBAC	D	0.26%
EQT	A	0.25%
LNG	A	0.25%
WY	D	0.25%
HSY	F	0.24%
ZBH	C	0.24%
LYB	F	0.24%
TDY	B	0.24%
EXE	A	0.23%
NTRS	A	0.23%
K	B	0.23%
STE	D	0.23%
ATO	A	0.23%
IP	A	0.22%
CMS	C	0.22%
OMC	C	0.22%
COO	D	0.22%
HOOD	A	0.22%
INVH	D	0.22%
FSLR	F	0.22%
CBOE	D	0.22%
CFG	A	0.22%
LUV	A	0.21%
ESS	A	0.21%
BLDR	D	0.21%
TRU	D	0.21%
ARE	D	0.21%
J	D	0.2%
WSO	A	0.2%
RS	B	0.2%
MAA	A	0.2%
BALL	D	0.2%
SNA	A	0.2%
IEX	B	0.19%
MAS	D	0.19%
WRB	A	0.19%
UTHR	B	0.19%
CSL	B	0.19%
IBKR	A	0.19%
HOLX	D	0.19%
MKL	A	0.18%
KIM	A	0.18%
TSN	A	0.18%
DG	F	0.18%
GPC	D	0.18%
APTV	F	0.17%
AVTR	F	0.17%
CF	A	0.17%
VTRS	A	0.17%
SUI	D	0.17%
THC	C	0.17%
JBHT	B	0.17%
FNF	C	0.17%
MRO	A	0.17%
GEN	B	0.17%
NI	A	0.17%
EME	B	0.16%
COHR	B	0.16%
VRSN	D	0.16%
UDR	C	0.16%
SYY	D	0.16%
GGG	A	0.16%
LNT	A	0.16%
AMCR	C	0.16%
NDSN	B	0.16%
IRM	D	0.16%
ACM	B	0.16%
RVTY	D	0.16%
BRO	B	0.16%
AKAM	F	0.15%
CAG	F	0.15%
RNR	D	0.15%
JBL	C	0.15%
SWK	F	0.15%
HES	B	0.15%
EWBC	A	0.15%
FFIV	B	0.15%
EXPD	D	0.15%
HST	D	0.14%
CPT	D	0.14%
CASY	B	0.14%
CHRW	A	0.14%
JNPR	D	0.14%
NVT	B	0.14%
BXP	D	0.14%
JKHY	D	0.14%
ELS	A	0.14%
RPM	A	0.14%
CLH	C	0.14%
EG	D	0.14%
CDW	F	0.14%
ATR	B	0.13%
RRX	B	0.13%
FDS	A	0.13%
ALB	C	0.13%
NRG	B	0.13%
TECH	D	0.13%
EMN	C	0.13%
SJM	F	0.13%
BJ	B	0.13%
EPAM	B	0.13%
NTNX	A	0.13%
BG	D	0.13%
WPC	D	0.13%
SCI	B	0.13%
DLTR	F	0.13%
CTLT	C	0.12%
WWD	B	0.12%
AFRM	A	0.12%
FWONK	B	0.12%
FHN	A	0.12%
CUBE	C	0.12%
CRL	D	0.12%
DAY	B	0.12%
KMX	B	0.12%
EVR	A	0.12%
AA	A	0.12%
IPG	F	0.12%
PFGC	B	0.12%
SOFI	A	0.12%
OVV	C	0.12%
SF	A	0.12%
CG	B	0.12%
WAL	A	0.11%
FBIN	D	0.11%
TTEK	D	0.11%
RGLD	C	0.11%
WBS	A	0.11%
AFG	A	0.11%
WTRG	C	0.11%
NLY	C	0.11%
LKQ	D	0.11%
LAD	B	0.11%
EHC	B	0.11%
MKTX	C	0.11%
OHI	B	0.11%
AVY	D	0.11%
RPRX	F	0.11%
FOXA	A	0.11%
ARMK	C	0.11%
CIEN	B	0.11%
PRI	A	0.11%
DKS	D	0.11%
DPZ	C	0.11%
PNW	A	0.11%
ALSN	B	0.11%
DOX	D	0.11%
GWRE	B	0.1%
GPK	D	0.1%
RIVN	F	0.1%
KBR	D	0.1%
JLL	C	0.1%
CZR	F	0.1%
HRL	D	0.1%
HLI	A	0.1%
TTC	D	0.1%
WAT	B	0.1%
MOS	D	0.1%
ALLY	C	0.1%
RL	B	0.1%
JEF	A	0.1%
PTC	B	0.1%
AOS	F	0.1%
NYT	D	0.1%
GMED	A	0.1%
RBC	A	0.1%
BWXT	A	0.1%
MTZ	B	0.1%
ORI	A	0.1%
PNFP	A	0.1%
CNH	D	0.1%
X	D	0.1%
BRBR	A	0.1%
TW	B	0.1%
CMA	A	0.1%
REXR	F	0.1%
WST	C	0.1%
GME	C	0.1%
DCI	B	0.1%
FRT	B	0.1%
KNX	B	0.1%
DRI	B	0.1%
SNX	D	0.1%
DTM	A	0.1%
RRC	B	0.09%
MTCH	F	0.09%
APA	F	0.09%
LW	C	0.09%
WYNN	D	0.09%
ROKU	D	0.09%
HII	F	0.09%
ACI	C	0.09%
VNO	B	0.09%
G	A	0.09%
SNV	A	0.09%
CFR	A	0.09%
LBRDK	B	0.09%
CHRD	F	0.09%
TKO	C	0.09%
VOYA	A	0.09%
CART	C	0.09%
CBSH	A	0.09%
WTFC	A	0.09%
LAMR	D	0.09%
ZION	A	0.09%
AAL	B	0.09%
AR	B	0.09%
LECO	C	0.09%
APG	C	0.09%
FYBR	C	0.09%
EGP	D	0.09%
FICO	A	0.09%
COIN	A	0.09%
CR	A	0.09%
HSIC	D	0.09%
CPB	D	0.09%
R	A	0.08%
CGNX	D	0.08%
GNTX	C	0.08%
GXO	B	0.08%
MOH	F	0.08%
BIO	C	0.08%
AGNC	C	0.08%
FCN	F	0.08%
ATI	D	0.08%
PB	A	0.08%
SSD	D	0.08%
MKSI	D	0.08%
OSK	C	0.08%
VFC	B	0.08%
KEX	A	0.08%
ESAB	B	0.08%
COKE	D	0.08%
MIDD	D	0.08%
FMC	F	0.08%
FAST	B	0.08%
CHE	D	0.08%
SKX	D	0.08%
ADC	A	0.08%
MHK	D	0.08%
RHI	B	0.08%
PR	C	0.08%
BWA	A	0.08%
JAZZ	B	0.08%
MTSI	B	0.08%
SAIC	D	0.08%
NNN	D	0.08%
BEN	C	0.07%
BPOP	C	0.07%
OLLI	D	0.07%
STWD	D	0.07%
OMF	A	0.07%
VNT	B	0.07%
LFUS	D	0.07%
MTG	C	0.07%
S	B	0.07%
SIRI	C	0.07%
ALK	A	0.07%
NOV	D	0.07%
COLB	A	0.07%
DAR	B	0.07%
ONTO	F	0.07%
FAF	C	0.07%
ESI	B	0.07%
WBA	F	0.07%
COLD	F	0.07%
PARA	C	0.07%
IVZ	B	0.07%
MAT	C	0.07%
DINO	D	0.07%
AZPN	A	0.07%
HRB	D	0.07%
DOCS	C	0.07%
RLI	A	0.07%
FND	F	0.07%
HR	C	0.07%
WH	A	0.07%
WSM	F	0.07%
RGEN	D	0.07%
LSTR	D	0.07%
STAG	D	0.07%
WEX	F	0.07%
GWW	A	0.07%
ALGN	D	0.07%
CE	F	0.07%
AVT	C	0.06%
WSC	F	0.06%
PSN	C	0.06%
CCCS	A	0.06%
OLN	F	0.06%
LEA	F	0.06%
NFG	A	0.06%
POST	D	0.06%
FOX	A	0.06%
THO	B	0.06%
SN	C	0.06%
RITM	C	0.06%
LITE	A	0.06%
EXAS	F	0.06%
GNRC	B	0.06%
THG	A	0.06%
BC	D	0.06%
BFAM	F	0.06%
FNB	A	0.06%
IDA	A	0.06%
AGCO	D	0.06%
JHG	A	0.06%
PVH	C	0.06%
H	B	0.06%
AMG	A	0.06%
WHR	A	0.06%
LNC	A	0.06%
WMS	F	0.06%
BILL	A	0.06%
SAIA	B	0.06%
AMTM	D	0.05%
LINE	F	0.05%
CLF	F	0.05%
OLED	F	0.05%
AN	D	0.05%
GTES	B	0.05%
TPG	B	0.05%
SITE	D	0.05%
GFS	C	0.05%
PAYC	B	0.05%
DLB	D	0.05%
SLGN	B	0.05%
WLK	F	0.05%
AWI	A	0.05%
AGO	A	0.05%
RYN	D	0.05%
WTM	A	0.05%
CUZ	B	0.05%
KRC	C	0.05%
AMP	A	0.05%
ST	F	0.05%
CROX	F	0.05%
AL	A	0.05%
TKR	F	0.05%
OZK	A	0.05%
HXL	F	0.05%
FRPT	B	0.05%
UGI	C	0.05%
ROIV	D	0.05%
SLM	A	0.05%
LBTYK	A	0.04%
VAC	B	0.04%
HUN	F	0.04%
LBTYA	F	0.04%
MASI	A	0.04%
U	F	0.04%
LOPE	B	0.04%
EPR	D	0.04%
FHB	A	0.04%
NVST	C	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	D	0.04%
DNB	B	0.04%
NEU	C	0.04%
PLNT	A	0.04%
UHAL	D	0.04%
CIVI	F	0.04%
MSGS	B	0.04%
DXC	C	0.04%
VNOM	B	0.04%
ALNY	D	0.04%
IAC	D	0.04%
TYL	B	0.04%
RH	C	0.04%
HOG	D	0.04%
FLO	D	0.04%
MSM	C	0.04%
ASH	F	0.04%
KMPR	A	0.04%
BR	A	0.03%
CPRI	F	0.03%
BRKR	F	0.03%
YETI	F	0.03%
AZTA	F	0.03%
PINC	B	0.03%
GLOB	C	0.03%
SHC	D	0.03%
QDEL	F	0.03%
ULTA	D	0.03%
ENOV	C	0.03%
SPB	C	0.03%
EXP	B	0.03%
AGR	A	0.03%
MP	B	0.03%
WU	F	0.03%
HHH	B	0.03%
BOKF	A	0.03%
ALGM	F	0.03%
COTY	F	0.03%
CC	C	0.03%
COLM	B	0.03%
VIRT	A	0.03%
CNM	F	0.03%
MPW	F	0.03%
LLYVK	A	0.03%
PAG	A	0.03%
NSA	C	0.03%
PK	C	0.03%
MAN	F	0.03%
AMED	F	0.03%
BHF	A	0.03%
SMG	D	0.03%
BROS	A	0.03%
PENN	B	0.03%
IRDM	C	0.03%
AMKR	F	0.03%
SPR	D	0.03%
ECG	D	0.03%
NXST	D	0.03%
SNDR	B	0.02%
TER	F	0.02%
REYN	D	0.02%
TRIP	D	0.02%
INFA	F	0.02%
UA	B	0.02%
WEN	C	0.02%
GO	C	0.02%
CRI	D	0.02%
UAA	B	0.02%
BIRK	F	0.02%
LEN	D	0.02%
QS	F	0.02%
CLVT	F	0.02%
FTRE	D	0.02%
KSS	F	0.02%
CNXC	F	0.02%
AZEK	B	0.02%
ALAB	B	0.02%
PPC	B	0.02%
PSTG	F	0.02%
ETSY	D	0.02%
LCID	F	0.02%
RKT	F	0.02%
RCM	A	0.02%
AAP	D	0.02%
JWN	A	0.02%
HAYW	A	0.02%
IPGP	D	0.02%
ADT	B	0.02%
IONS	F	0.01%
TXG	F	0.01%
CHH	A	0.01%
CACC	D	0.01%
DJT	C	0.01%
SEB	F	0.01%
UI	A	0.01%
TFSL	A	0.01%
PATH	D	0.01%
CAR	C	0.01%
FIVE	F	0.01%
HCP	B	0.01%
LSCC	D	0.01%
MTN	C	0.01%
CNA	C	0.01%
FWONA	B	0.01%
AS	B	0.01%
HAS	D	0.01%
PYCR	C	0.01%
LLYVA	A	0.01%
DV	C	0.01%
LBRDA	B	0.01%
WOLF	F	0.01%
DDS	B	0.01%
CERT	F	0.01%
NCNO	B	0.01%
LOAR	B	0.0%
PARAA	B	0.0%
SEG	B	0.0%
UWMC	F	0.0%
NFE	F	0.0%
UHAL	D	0.0%
GRAL	C	0.0%
LAZ	B	0.0%

IWS Underweight 160 Positions Relative to FELV

Symbol	Grade	Weight
BRK.A	A	-3.54%
JPM	A	-2.81%
XOM	B	-2.47%
WMT	A	-1.73%
BAC	A	-1.71%
UNH	B	-1.64%
PM	A	-1.22%
PG	C	-1.18%
JNJ	D	-1.14%
CMCSA	B	-1.14%
CSCO	B	-1.07%
GE	D	-1.07%
WFC	A	-1.01%
GILD	B	-0.99%
T	A	-0.98%
MU	D	-0.95%
BMY	B	-0.92%
ABBV	F	-0.88%
PFE	F	-0.88%
INTC	C	-0.85%
SCHW	A	-0.83%
TMO	D	-0.79%
PYPL	A	-0.79%
NEE	C	-0.78%
ETN	A	-0.77%
UNP	D	-0.76%
RTX	D	-0.72%
PNC	A	-0.72%
SPGI	C	-0.71%
DIS	A	-0.7%
BDX	F	-0.69%
NOC	D	-0.67%
LMT	D	-0.67%
VZ	C	-0.65%
RSG	B	-0.65%
CI	D	-0.63%
MMM	D	-0.6%
AON	A	-0.59%
NSC	B	-0.58%
CME	A	-0.56%
CAT	B	-0.55%
TMUS	A	-0.55%
COP	C	-0.54%
CTAS	B	-0.54%
MS	A	-0.53%
TT	A	-0.52%
ABT	C	-0.52%
CVX	A	-0.51%
PSA	C	-0.51%
CL	D	-0.51%
IGT	F	-0.5%
ECL	D	-0.5%
COF	A	-0.48%
QCOM	F	-0.47%
AMAT	F	-0.46%
LIN	D	-0.46%
EOG	A	-0.45%
HD	A	-0.44%
PCAR	B	-0.4%
MDT	D	-0.39%
MMC	C	-0.38%
CSX	B	-0.37%
ADBE	F	-0.37%
TPH	D	-0.36%
PGR	B	-0.35%
ACN	C	-0.34%
GS	A	-0.34%
F	C	-0.32%
GEV	A	-0.3%
VEEV	C	-0.3%
DOCU	A	-0.3%
CVS	F	-0.29%
MCD	D	-0.28%
MA	A	-0.28%
C	A	-0.27%
DUK	C	-0.27%
ANF	C	-0.27%
TRV	A	-0.27%
TDC	F	-0.27%
IBM	D	-0.27%
TJX	A	-0.27%
MO	A	-0.26%
SYK	A	-0.25%
WM	B	-0.25%
CLX	A	-0.24%
CRM	A	-0.23%
TFC	A	-0.23%
JCI	A	-0.22%
SKYW	A	-0.21%
META	C	-0.21%
AXP	A	-0.2%
EQIX	B	-0.2%
MSI	A	-0.2%
AVGO	C	-0.2%
AAPL	C	-0.19%
TMHC	B	-0.19%
NFLX	A	-0.18%
CEG	D	-0.18%
ICE	C	-0.18%
BSX	B	-0.18%
MEDP	D	-0.18%
NVDA	B	-0.18%
LNW	D	-0.18%
AMGN	D	-0.17%
DHR	D	-0.17%
ACA	B	-0.17%
GD	D	-0.16%
TXN	C	-0.16%
JXN	B	-0.16%
KHC	F	-0.13%
WDAY	B	-0.13%
KMB	C	-0.13%
PH	A	-0.12%
ELV	F	-0.12%
ITW	B	-0.12%
ADP	B	-0.11%
CRC	A	-0.11%
QGEN	D	-0.11%
BCC	B	-0.11%
MHO	D	-0.11%
ENS	D	-0.11%
BKH	A	-0.11%
ADTN	A	-0.1%
AMT	D	-0.1%
VRTX	C	-0.1%
CNO	A	-0.09%
DASH	A	-0.08%
DELL	C	-0.08%
HON	A	-0.08%
ACT	C	-0.08%
AEP	C	-0.08%
OXY	F	-0.08%
TRGP	A	-0.08%
CMG	B	-0.07%
SO	C	-0.07%
LOW	A	-0.07%
UPS	C	-0.06%
AMD	F	-0.06%
VST	A	-0.06%
MDLZ	F	-0.06%
NMRK	B	-0.06%
ALKS	B	-0.05%
FHI	A	-0.05%
NEM	F	-0.05%
EW	C	-0.05%
MATX	B	-0.04%
ADI	D	-0.04%
ALRM	C	-0.04%
HL	D	-0.04%
ITRI	B	-0.03%
WOOF	D	-0.03%
KLAC	F	-0.03%
WS	B	-0.03%
EXTR	B	-0.03%
AMZN	B	-0.03%
TENB	D	-0.02%
SWI	B	-0.02%
FTDR	B	-0.01%
MCK	A	-0.01%
MUR	F	-0.01%