IWS vs. FNDX ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

$131.91

Average Daily Volume

302,748

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$71.47

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

Performance

Period	IWS	FNDX
30 Days	4.17%	3.09%
60 Days	5.63%	4.23%
90 Days	9.18%	6.97%
12 Months	24.67%	26.34%

439 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in FNDX	Overlap
A	C	0.46%	0.06%	0.06%
AA	D	0.09%	0.05%	0.05%
AAL	D	0.07%	0.0%	0.0%
AAP	F	0.03%	0.03%	0.03%
ACGL	C	0.46%	0.05%	0.05%
ACI	F	0.09%	0.02%	0.02%
ACM	B	0.15%	0.04%	0.04%
ADM	D	0.34%	0.22%	0.22%
AEE	C	0.26%	0.07%	0.07%
AES	C	0.15%	0.06%	0.06%
AFG	B	0.11%	0.05%	0.05%
AFL	C	0.71%	0.23%	0.23%
AGCO	D	0.07%	0.03%	0.03%
AIZ	B	0.12%	0.03%	0.03%
AJG	D	0.69%	0.05%	0.05%
AKAM	D	0.17%	0.03%	0.03%
AL	D	0.05%	0.02%	0.02%
ALB	D	0.12%	0.02%	0.02%
ALGN	D	0.09%	0.02%	0.02%
ALK	C	0.06%	0.01%	0.01%
ALL	B	0.48%	0.29%	0.29%
ALLE	B	0.14%	0.02%	0.02%
ALLY	F	0.09%	0.1%	0.09%
ALSN	B	0.09%	0.04%	0.04%
AMCR	B	0.18%	0.02%	0.02%
AME	C	0.44%	0.05%	0.05%
AMG	C	0.06%	0.03%	0.03%
AMP	A	0.04%	0.12%	0.04%
AN	D	0.05%	0.05%	0.05%
ANSS	D	0.32%	0.02%	0.02%
AOS	D	0.11%	0.03%	0.03%
APA	F	0.1%	0.03%	0.03%
APTV	D	0.21%	0.04%	0.04%
AR	F	0.09%	0.02%	0.02%
ARE	C	0.25%	0.03%	0.03%
ARMK	B	0.11%	0.03%	0.03%
ARW	C	0.08%	0.08%	0.08%
ATO	B	0.24%	0.04%	0.04%
ATR	B	0.12%	0.02%	0.02%
AVB	B	0.38%	0.06%	0.06%
AVT	C	0.05%	0.07%	0.05%
AVTR	B	0.21%	0.03%	0.03%
AVY	C	0.13%	0.04%	0.04%
AWK	B	0.33%	0.05%	0.05%
AXTA	B	0.09%	0.02%	0.02%
AYI	B	0.09%	0.04%	0.04%
BALL	C	0.24%	0.06%	0.06%
BAX	C	0.23%	0.09%	0.09%
BBWI	F	0.07%	0.02%	0.02%
BBY	C	0.24%	0.19%	0.19%
BC	C	0.06%	0.03%	0.03%
BEN	F	0.07%	0.04%	0.04%
BERY	B	0.09%	0.04%	0.04%
BG	D	0.16%	0.11%	0.11%
BIIB	F	0.33%	0.1%	0.1%
BJ	D	0.12%	0.02%	0.02%
BK	B	0.59%	0.26%	0.26%
BKR	C	0.38%	0.14%	0.14%
BLD	D	0.13%	0.01%	0.01%
BLDR	C	0.23%	0.04%	0.04%
BPOP	C	0.07%	0.03%	0.03%
BR	D	0.03%	0.04%	0.03%
BRO	C	0.16%	0.03%	0.03%
BRX	B	0.1%	0.02%	0.02%
BWA	D	0.08%	0.05%	0.05%
BXP	B	0.14%	0.05%	0.05%
CACI	B	0.12%	0.03%	0.03%
CAG	C	0.18%	0.07%	0.07%
CAH	C	0.13%	0.07%	0.07%
CAR	F	0.01%	0.02%	0.01%
CASY	D	0.13%	0.05%	0.05%
CBOE	C	0.25%	0.02%	0.02%
CBRE	A	0.42%	0.12%	0.12%
CC	F	0.03%	0.02%	0.02%
CCI	C	0.59%	0.11%	0.11%
CCK	A	0.12%	0.04%	0.04%
CCL	C	0.2%	0.05%	0.05%
CDW	D	0.17%	0.06%	0.06%
CE	F	0.12%	0.06%	0.06%
CF	C	0.17%	0.06%	0.06%
CFG	C	0.21%	0.1%	0.1%
CG	D	0.1%	0.03%	0.03%
CHD	D	0.29%	0.04%	0.04%
CHE	C	0.09%	0.01%	0.01%
CHK	D	0.11%	0.02%	0.02%
CHRW	B	0.13%	0.07%	0.07%
CHTR	D	0.37%	0.32%	0.32%
CIEN	C	0.09%	0.03%	0.03%
CINF	B	0.24%	0.07%	0.07%
CLF	F	0.04%	0.03%	0.03%
CMA	B	0.09%	0.06%	0.06%
CMI	C	0.47%	0.17%	0.17%
CMS	C	0.24%	0.06%	0.06%
CNC	D	0.46%	0.25%	0.25%
CNH	D	0.1%	0.03%	0.03%
CNP	C	0.2%	0.06%	0.06%
CNXC	F	0.04%	0.01%	0.01%
COHR	C	0.12%	0.01%	0.01%
CPB	C	0.11%	0.04%	0.04%
CPRI	D	0.05%	0.03%	0.03%
CPT	B	0.15%	0.02%	0.02%
CRI	D	0.03%	0.02%	0.02%
CRL	F	0.12%	0.01%	0.01%
CSL	B	0.19%	0.05%	0.05%
CTLT	B	0.12%	0.02%	0.02%
CTRA	D	0.19%	0.01%	0.01%
CTSH	C	0.44%	0.18%	0.18%
CTVA	B	0.45%	0.09%	0.09%
CW	B	0.14%	0.03%	0.03%
CZR	C	0.1%	0.02%	0.02%
DAL	C	0.33%	0.02%	0.02%
DAR	F	0.06%	0.02%	0.02%
DBX	D	0.05%	0.01%	0.01%
DCI	C	0.1%	0.02%	0.02%
DD	B	0.39%	0.18%	0.18%
DFS	B	0.38%	0.21%	0.21%
DG	F	0.21%	0.08%	0.08%
DGX	B	0.2%	0.07%	0.07%
DHI	B	0.66%	0.2%	0.2%
DINO	F	0.08%	0.05%	0.05%
DKS	D	0.13%	0.05%	0.05%
DLR	B	0.59%	0.08%	0.08%
DLTR	F	0.16%	0.04%	0.04%
DOC	C	0.18%	0.04%	0.04%
DOV	B	0.29%	0.06%	0.06%
DOW	D	0.4%	0.2%	0.2%
DOX	C	0.11%	0.04%	0.04%
DPZ	F	0.1%	0.04%	0.04%
DRI	B	0.1%	0.05%	0.05%
DTE	C	0.3%	0.08%	0.08%
DVN	F	0.28%	0.08%	0.08%
DXC	C	0.04%	0.05%	0.04%
EA	D	0.45%	0.08%	0.08%
EBAY	B	0.37%	0.19%	0.19%
ED	C	0.41%	0.13%	0.13%
EFX	B	0.34%	0.04%	0.04%
EG	C	0.16%	0.03%	0.03%
EHC	C	0.11%	0.02%	0.02%
EIX	C	0.37%	0.11%	0.11%
EME	B	0.13%	0.06%	0.06%
EMN	B	0.14%	0.08%	0.08%
EPAM	F	0.12%	0.02%	0.02%
EQR	B	0.34%	0.06%	0.06%
EQT	D	0.21%	0.03%	0.03%
ES	C	0.27%	0.09%	0.09%
ESS	B	0.23%	0.04%	0.04%
ETR	B	0.31%	0.11%	0.11%
EVR	A	0.1%	0.04%	0.04%
EVRG	B	0.16%	0.07%	0.07%
EWBC	D	0.13%	0.03%	0.03%
EXC	C	0.46%	0.18%	0.18%
EXP	B	0.03%	0.02%	0.02%
EXPD	C	0.16%	0.02%	0.02%
EXR	B	0.43%	0.04%	0.04%
FAF	B	0.08%	0.04%	0.04%
FANG	D	0.35%	0.05%	0.05%
FAST	C	0.07%	0.07%	0.07%
FCNCA	D	0.25%	0.02%	0.02%
FE	C	0.29%	0.1%	0.1%
FFIV	B	0.14%	0.03%	0.03%
FHN	D	0.1%	0.03%	0.03%
FIS	B	0.54%	0.13%	0.13%
FITB	B	0.33%	0.13%	0.13%
FLO	C	0.05%	0.02%	0.02%
FMC	C	0.09%	0.03%	0.03%
FNF	B	0.18%	0.07%	0.07%
FOXA	B	0.11%	0.09%	0.09%
FSLR	C	0.28%	0.02%	0.02%
FTI	D	0.12%	0.02%	0.02%
FTV	C	0.3%	0.03%	0.03%
FYBR	C	0.1%	0.04%	0.04%
G	C	0.08%	0.02%	0.02%
GAP	F	0.05%	0.04%	0.04%
GEHC	C	0.38%	0.07%	0.07%
GGG	C	0.16%	0.02%	0.02%
GIS	B	0.48%	0.13%	0.13%
GL	C	0.11%	0.03%	0.03%
GLPI	C	0.16%	0.02%	0.02%
GLW	C	0.37%	0.14%	0.14%
GNRC	D	0.05%	0.02%	0.02%
GNTX	F	0.08%	0.03%	0.03%
GPC	D	0.22%	0.05%	0.05%
GPK	B	0.1%	0.03%	0.03%
GPN	D	0.32%	0.08%	0.08%
GRMN	D	0.31%	0.05%	0.05%
GWW	B	0.06%	0.07%	0.06%
GXO	D	0.07%	0.02%	0.02%
HAL	F	0.28%	0.06%	0.06%
HAS	B	0.01%	0.04%	0.01%
HBAN	B	0.24%	0.07%	0.07%
HES	F	0.14%	0.04%	0.04%
HIG	B	0.39%	0.15%	0.15%
HII	D	0.12%	0.04%	0.04%
HLT	B	0.3%	0.06%	0.06%
HOG	C	0.05%	0.02%	0.02%
HOLX	B	0.21%	0.04%	0.04%
HPE	D	0.25%	0.18%	0.18%
HPQ	D	0.28%	0.2%	0.2%
HRB	C	0.08%	0.02%	0.02%
HRL	C	0.11%	0.03%	0.03%
HSIC	C	0.1%	0.04%	0.04%
HST	C	0.14%	0.04%	0.04%
HSY	C	0.29%	0.04%	0.04%
HUBB	B	0.25%	0.03%	0.03%
HUM	F	0.44%	0.21%	0.21%
HUN	D	0.04%	0.03%	0.03%
HWM	B	0.41%	0.06%	0.06%
IEX	D	0.17%	0.02%	0.02%
IFF	B	0.3%	0.06%	0.06%
ILMN	C	0.24%	0.03%	0.03%
INGR	B	0.1%	0.05%	0.05%
INVH	C	0.26%	0.03%	0.03%
IP	B	0.19%	0.15%	0.15%
IPG	C	0.13%	0.04%	0.04%
IQV	C	0.44%	0.08%	0.08%
IR	C	0.42%	0.03%	0.03%
IRM	C	0.17%	0.08%	0.08%
ITT	B	0.13%	0.03%	0.03%
IVZ	B	0.07%	0.04%	0.04%
J	C	0.21%	0.05%	0.05%
JAZZ	D	0.08%	0.01%	0.01%
JBHT	D	0.16%	0.04%	0.04%
JBL	D	0.13%	0.05%	0.05%
JEF	B	0.09%	0.05%	0.05%
JHG	B	0.05%	0.03%	0.03%
JKHY	B	0.15%	0.02%	0.02%
JLL	B	0.1%	0.09%	0.09%
JNPR	B	0.14%	0.05%	0.05%
JWN	C	0.03%	0.02%	0.02%
K	B	0.24%	0.07%	0.07%
KBR	D	0.09%	0.02%	0.02%
KD	D	0.06%	0.05%	0.05%
KEY	B	0.17%	0.1%	0.1%
KEYS	C	0.3%	0.03%	0.03%
KIM	C	0.18%	0.03%	0.03%
KMI	B	0.47%	0.19%	0.19%
KMX	D	0.13%	0.07%	0.07%
KNX	C	0.1%	0.04%	0.04%
KR	C	0.42%	0.3%	0.3%
KSS	F	0.03%	0.07%	0.03%
KVUE	C	0.51%	0.03%	0.03%
L	C	0.16%	0.05%	0.05%
LAD	D	0.09%	0.05%	0.05%
LAMR	B	0.1%	0.02%	0.02%
LDOS	B	0.24%	0.08%	0.08%
LEA	F	0.07%	0.05%	0.05%
LECO	F	0.08%	0.02%	0.02%
LEG	D	0.02%	0.01%	0.01%
LEN	B	0.02%	0.19%	0.02%
LEN	B	0.51%	0.19%	0.19%
LHX	C	0.5%	0.16%	0.16%
LKQ	F	0.12%	0.05%	0.05%
LNC	D	0.06%	0.05%	0.05%
LNG	C	0.23%	0.05%	0.05%
LNT	B	0.17%	0.04%	0.04%
LPX	B	0.02%	0.03%	0.02%
LSTR	D	0.08%	0.02%	0.02%
LUV	C	0.2%	0.02%	0.02%
LW	D	0.07%	0.01%	0.01%
LYB	D	0.28%	0.16%	0.16%
M	F	0.05%	0.05%	0.05%
MAA	B	0.22%	0.04%	0.04%
MAN	C	0.04%	0.05%	0.04%
MAS	B	0.2%	0.06%	0.06%
MCHP	F	0.47%	0.05%	0.05%
MDU	C	0.06%	0.02%	0.02%
MGM	F	0.1%	0.05%	0.05%
MHK	C	0.1%	0.07%	0.07%
MIDD	D	0.08%	0.02%	0.02%
MKC	C	0.24%	0.04%	0.04%
MKL	C	0.18%	0.04%	0.04%
MKSI	F	0.08%	0.02%	0.02%
MLM	D	0.35%	0.04%	0.04%
MOH	D	0.09%	0.05%	0.05%
MOS	F	0.1%	0.05%	0.05%
MPW	C	0.04%	0.02%	0.02%
MRO	C	0.17%	0.08%	0.08%
MSCI	C	0.21%	0.03%	0.03%
MSM	D	0.04%	0.01%	0.01%
MTB	B	0.32%	0.09%	0.09%
MTD	D	0.33%	0.04%	0.04%
MTG	B	0.08%	0.03%	0.03%
MTN	D	0.01%	0.01%	0.01%
MTZ	B	0.08%	0.03%	0.03%
NDAQ	A	0.35%	0.03%	0.03%
NDSN	C	0.16%	0.02%	0.02%
NFG	B	0.06%	0.02%	0.02%
NI	B	0.17%	0.05%	0.05%
NOV	F	0.07%	0.02%	0.02%
NRG	C	0.12%	0.11%	0.11%
NTAP	D	0.15%	0.08%	0.08%
NTRS	A	0.21%	0.07%	0.07%
NUE	F	0.4%	0.18%	0.18%
NVR	B	0.32%	0.08%	0.08%
NVT	D	0.13%	0.02%	0.02%
NWL	C	0.04%	0.03%	0.03%
NWSA	D	0.11%	0.04%	0.04%
NXST	D	0.04%	0.03%	0.03%
O	C	0.62%	0.04%	0.04%
OC	D	0.16%	0.06%	0.06%
OGE	C	0.09%	0.03%	0.03%
OGN	D	0.06%	0.07%	0.06%
OKE	B	0.61%	0.13%	0.13%
OLN	D	0.06%	0.03%	0.03%
OMC	B	0.22%	0.08%	0.08%
OMF	D	0.06%	0.05%	0.05%
ON	D	0.35%	0.04%	0.04%
ORI	B	0.1%	0.05%	0.05%
OSK	F	0.08%	0.03%	0.03%
OTIS	C	0.44%	0.05%	0.05%
OVV	F	0.12%	0.04%	0.04%
PAG	D	0.03%	0.02%	0.02%
PARA	F	0.07%	0.09%	0.07%
PAYX	C	0.32%	0.06%	0.06%
PCG	C	0.48%	0.03%	0.03%
PEG	B	0.48%	0.11%	0.11%
PENN	D	0.03%	0.02%	0.02%
PFG	B	0.22%	0.08%	0.08%
PFGC	B	0.11%	0.05%	0.05%
PHM	B	0.33%	0.13%	0.13%
PII	D	0.05%	0.02%	0.02%
PK	D	0.03%	0.02%	0.02%
PKG	B	0.21%	0.07%	0.07%
PNR	B	0.17%	0.04%	0.04%
PNW	C	0.12%	0.04%	0.04%
POST	C	0.07%	0.02%	0.02%
PPG	D	0.34%	0.08%	0.08%
PPL	C	0.27%	0.11%	0.11%
PRGO	D	0.04%	0.02%	0.02%
PRI	B	0.1%	0.02%	0.02%
PRU	C	0.48%	0.23%	0.23%
PVH	F	0.06%	0.04%	0.04%
PWR	B	0.31%	0.06%	0.06%
QRVO	F	0.12%	0.05%	0.05%
R	A	0.07%	0.06%	0.06%
REG	C	0.16%	0.03%	0.03%
RF	B	0.23%	0.08%	0.08%
RGA	C	0.16%	0.04%	0.04%
RHI	D	0.07%	0.03%	0.03%
RJF	C	0.26%	0.04%	0.04%
RL	C	0.08%	0.03%	0.03%
RMD	C	0.3%	0.04%	0.04%
ROK	D	0.31%	0.05%	0.05%
ROST	C	0.45%	0.08%	0.08%
RPM	B	0.14%	0.04%	0.04%
RRX	C	0.12%	0.03%	0.03%
RS	D	0.18%	0.08%	0.08%
SAIC	C	0.08%	0.03%	0.03%
SBAC	C	0.3%	0.02%	0.02%
SCI	B	0.13%	0.03%	0.03%
SEE	D	0.03%	0.02%	0.02%
SEIC	C	0.08%	0.02%	0.02%
SIRI	C	0.07%	0.05%	0.05%
SJM	C	0.14%	0.06%	0.06%
SKX	D	0.09%	0.03%	0.03%
SLM	D	0.05%	0.04%	0.04%
SNA	C	0.17%	0.04%	0.04%
SNV	C	0.08%	0.02%	0.02%
SNX	D	0.1%	0.02%	0.02%
SOLV	C	0.11%	0.04%	0.04%
SON	C	0.06%	0.03%	0.03%
SPG	B	0.45%	0.11%	0.11%
SQ	D	0.24%	0.02%	0.02%
SSNC	B	0.19%	0.04%	0.04%
ST	D	0.06%	0.02%	0.02%
STE	C	0.28%	0.03%	0.03%
STLD	F	0.19%	0.09%	0.09%
STT	A	0.29%	0.09%	0.09%
STWD	B	0.07%	0.02%	0.02%
SUI	B	0.21%	0.03%	0.03%
SW	B	0.13%	0.11%	0.11%
SWK	B	0.18%	0.08%	0.08%
SWKS	D	0.19%	0.05%	0.05%
SWN	D	0.08%	0.03%	0.03%
SYF	C	0.22%	0.27%	0.22%
SYY	D	0.17%	0.1%	0.1%
TAP	D	0.11%	0.05%	0.05%
TDY	B	0.23%	0.02%	0.02%
TER	D	0.02%	0.05%	0.02%
TFX	C	0.13%	0.02%	0.02%
THC	A	0.18%	0.08%	0.08%
THG	B	0.06%	0.02%	0.02%
THO	D	0.06%	0.04%	0.04%
TKR	D	0.06%	0.02%	0.02%
TNL	D	0.03%	0.01%	0.01%
TOL	B	0.18%	0.06%	0.06%
TPR	C	0.11%	0.04%	0.04%
TRMB	C	0.16%	0.03%	0.03%
TROW	D	0.26%	0.11%	0.11%
TRU	B	0.21%	0.03%	0.03%
TSN	C	0.2%	0.2%	0.2%
TTC	D	0.1%	0.02%	0.02%
TTWO	C	0.29%	0.02%	0.02%
TXT	D	0.19%	0.06%	0.06%
UDR	C	0.18%	0.03%	0.03%
UGI	C	0.06%	0.04%	0.04%
UHAL	A	0.05%	0.02%	0.02%
UHAL	A	0.0%	0.02%	0.0%
UHS	B	0.15%	0.1%	0.1%
ULTA	D	0.03%	0.03%	0.03%
UNM	B	0.12%	0.05%	0.05%
URI	B	0.42%	0.12%	0.12%
USFD	B	0.16%	0.07%	0.07%
VAC	F	0.03%	0.01%	0.01%
VFC	C	0.07%	0.06%	0.06%
VICI	C	0.41%	0.02%	0.02%
VMC	D	0.27%	0.04%	0.04%
VNO	B	0.07%	0.05%	0.05%
VOYA	B	0.09%	0.03%	0.03%
VRSN	D	0.17%	0.01%	0.01%
VTR	C	0.3%	0.09%	0.09%
VTRS	D	0.16%	0.1%	0.1%
WAB	B	0.34%	0.06%	0.06%
WAT	C	0.09%	0.04%	0.04%
WBA	F	0.08%	0.14%	0.08%
WBD	D	0.24%	0.06%	0.06%
WCC	D	0.08%	0.03%	0.03%
WDC	D	0.24%	0.13%	0.13%
WEC	C	0.35%	0.08%	0.08%
WHR	D	0.06%	0.06%	0.06%
WLK	D	0.05%	0.02%	0.02%
WMB	B	0.63%	0.15%	0.15%
WPC	C	0.16%	0.02%	0.02%
WRB	C	0.21%	0.04%	0.04%
WSM	D	0.09%	0.05%	0.05%
WSO	C	0.19%	0.03%	0.03%
WST	D	0.1%	0.02%	0.02%
WTRG	D	0.11%	0.01%	0.01%
WTW	C	0.34%	0.07%	0.07%
WU	F	0.03%	0.04%	0.03%
WY	C	0.27%	0.09%	0.09%
X	F	0.09%	0.07%	0.07%
XEL	B	0.41%	0.12%	0.12%
XRAY	D	0.06%	0.02%	0.02%
XYL	C	0.36%	0.04%	0.04%
YUM	D	0.27%	0.08%	0.08%
ZBH	F	0.25%	0.05%	0.05%
ZBRA	B	0.16%	0.04%	0.04%
ZION	D	0.08%	0.05%	0.05%

IWS Overweight 266 Positions Relative to FNDX

Symbol	Grade	Weight
FERG	D	0.42%
CSGP	D	0.37%
RCL	B	0.3%
COO	B	0.25%
MSTR	D	0.24%
LH	C	0.21%
UAL	C	0.19%
ZM	C	0.19%
BMRN	F	0.18%
HOOD	C	0.17%
UTHR	C	0.17%
GEN	B	0.17%
VLTO	C	0.17%
RVTY	B	0.17%
AMH	C	0.16%
ELS	C	0.16%
CLH	A	0.15%
IBKR	B	0.15%
RNR	C	0.15%
CUBE	B	0.14%
FDS	C	0.13%
RIVN	F	0.13%
INCY	C	0.13%
TECH	C	0.13%
NLY	B	0.12%
NTNX	C	0.12%
FBIN	B	0.12%
RPRX	C	0.12%
REXR	C	0.12%
MTCH	C	0.11%
RGLD	C	0.11%
Z	B	0.11%
MKTX	C	0.11%
TTEK	C	0.11%
CVNA	B	0.11%
FRT	C	0.11%
WWD	D	0.11%
FWONK	C	0.11%
AFRM	C	0.11%
OHI	B	0.11%
TWLO	D	0.1%
SF	A	0.1%
NYT	C	0.1%
WAL	B	0.1%
NNN	C	0.1%
EGP	B	0.1%
DTM	B	0.09%
CBSH	C	0.09%
FR	B	0.09%
CR	C	0.09%
WEX	C	0.09%
ADC	C	0.09%
FND	C	0.09%
ATI	C	0.09%
BRBR	C	0.09%
WBS	D	0.09%
GWRE	A	0.09%
COKE	C	0.09%
FCN	D	0.09%
GMED	D	0.09%
APG	D	0.09%
TKO	B	0.09%
DAY	D	0.09%
ROKU	C	0.09%
PTC	D	0.09%
RBC	C	0.09%
TW	B	0.09%
CHRD	F	0.09%
COLD	D	0.09%
PB	B	0.08%
MSA	D	0.08%
PR	F	0.08%
RGEN	F	0.08%
SOFI	C	0.08%
WTFC	B	0.08%
RRC	D	0.08%
KEX	C	0.08%
BFAM	C	0.08%
SSD	D	0.08%
FICO	B	0.08%
ACHC	C	0.08%
HR	C	0.08%
BWXT	D	0.08%
ELAN	D	0.08%
CRUS	D	0.08%
AGNC	B	0.08%
EXAS	C	0.08%
ONTO	D	0.08%
HLI	B	0.08%
STAG	C	0.08%
PNFP	B	0.08%
WYNN	D	0.08%
SRCL	A	0.07%
ESI	D	0.07%
RITM	B	0.07%
RLI	B	0.07%
OLLI	C	0.07%
AZPN	B	0.07%
WMS	D	0.07%
FLS	D	0.07%
LFUS	C	0.07%
AXS	B	0.07%
CROX	D	0.07%
BIO	C	0.07%
CGNX	F	0.07%
OKTA	F	0.07%
CART	A	0.07%
CFR	C	0.07%
MAT	C	0.07%
OLED	C	0.06%
CCCS	D	0.06%
FOX	B	0.06%
HXL	F	0.06%
WSC	D	0.06%
FNB	C	0.06%
LBRDK	F	0.06%
VNT	F	0.06%
COLB	B	0.06%
COIN	F	0.06%
IDA	C	0.06%
MTDR	F	0.06%
H	C	0.06%
SN	B	0.06%
VMI	D	0.06%
GME	F	0.06%
WH	B	0.06%
ESAB	C	0.06%
MTSI	D	0.06%
SITE	C	0.05%
BILL	D	0.05%
ROIV	C	0.05%
DLB	D	0.05%
BYD	C	0.05%
SLGN	B	0.05%
EEFT	D	0.05%
KRC	B	0.05%
W	D	0.05%
ASH	D	0.05%
S	C	0.05%
WTM	D	0.05%
AGO	C	0.05%
DOCS	B	0.05%
CUZ	B	0.05%
OZK	D	0.05%
FRPT	B	0.05%
PSN	B	0.05%
RYN	C	0.05%
SAIA	D	0.05%
AMED	C	0.04%
AM	C	0.04%
PAYC	D	0.04%
NWS	D	0.04%
PLNT	B	0.04%
ZI	D	0.04%
U	D	0.04%
NVST	D	0.04%
LBTYA	B	0.04%
SPR	D	0.04%
NSA	B	0.04%
HIW	B	0.04%
LCID	C	0.04%
MSGS	B	0.04%
AMKR	F	0.04%
LBTYK	B	0.04%
GTES	C	0.04%
DNB	C	0.04%
COTY	F	0.04%
TPG	B	0.04%
KMPR	D	0.04%
EPR	B	0.04%
AWI	B	0.04%
TYL	C	0.04%
ALNY	C	0.04%
LITE	B	0.04%
NEU	D	0.04%
CIVI	F	0.04%
RH	B	0.04%
IAC	C	0.04%
GFS	F	0.04%
RCM	C	0.03%
ETSY	F	0.03%
ENOV	D	0.03%
MASI	F	0.03%
BOKF	B	0.03%
CNM	F	0.03%
YETI	D	0.03%
HHH	C	0.03%
PINC	C	0.03%
CWEN	C	0.03%
QDEL	D	0.03%
SHC	C	0.03%
BRKR	D	0.03%
AGR	B	0.03%
BHF	F	0.03%
AZTA	F	0.03%
CLVT	D	0.03%
VIRT	C	0.03%
SPB	C	0.03%
RKT	C	0.03%
COLM	C	0.03%
VNOM	C	0.03%
ZG	B	0.03%
LOPE	D	0.03%
CXT	D	0.03%
FHB	D	0.03%
IRDM	D	0.03%
SMG	C	0.03%
SNDR	B	0.02%
TRIP	F	0.02%
UAA	C	0.02%
UA	D	0.02%
WEN	C	0.02%
PPC	D	0.02%
GO	F	0.02%
INFA	D	0.02%
ALGM	F	0.02%
FTRE	D	0.02%
AS	C	0.02%
REYN	C	0.02%
MP	D	0.02%
BIRK	F	0.02%
PSTG	F	0.02%
BROS	D	0.02%
LLYVK	B	0.02%
HAYW	C	0.02%
IPGP	F	0.02%
AZEK	C	0.02%
VSTS	D	0.02%
SAM	F	0.02%
ADT	C	0.02%
GLOB	D	0.02%
QS	F	0.02%
LAZ	B	0.01%
UI	B	0.01%
IONS	F	0.01%
PLTK	C	0.01%
CHH	C	0.01%
CACC	F	0.01%
TFSL	C	0.01%
PATH	D	0.01%
HCP	B	0.01%
LBRDA	F	0.01%
LSCC	D	0.01%
LLYVA	B	0.01%
TXG	D	0.01%
SEB	D	0.01%
PYCR	D	0.01%
ALAB	D	0.01%
NCNO	D	0.01%
CWEN	C	0.01%
WOLF	F	0.01%
DV	F	0.01%
DDS	F	0.01%
FIVE	D	0.01%
FWONA	C	0.01%
LYFT	D	0.01%
EXEL	C	0.01%
CERT	F	0.01%
CNA	C	0.01%
SEG	C	0.0%
LOAR	C	0.0%
PARAA	D	0.0%
UWMC	D	0.0%
GRAL	F	0.0%
NFE	F	0.0%
DJT	F	0.0%

IWS Underweight 281 Positions Relative to FNDX

Symbol	Grade	Weight
AAPL	C	-4.51%
MSFT	C	-2.54%
BRK.A	C	-2.29%
JPM	D	-1.94%
XOM	C	-1.92%
META	B	-1.85%
WMT	C	-1.51%
AMZN	C	-1.42%
T	C	-1.37%
VZ	B	-1.32%
UNH	C	-1.25%
GOOGL	D	-1.22%
BAC	D	-1.22%
CVX	D	-1.07%
GOOG	D	-1.06%
WFC	D	-1.06%
C	C	-1.04%
JNJ	C	-1.0%
PG	C	-0.84%
HD	B	-0.78%
PFE	C	-0.75%
CMCSA	D	-0.75%
CSCO	C	-0.73%
COST	B	-0.73%
GM	C	-0.69%
CVS	D	-0.68%
AVGO	C	-0.68%
IBM	B	-0.61%
INTC	F	-0.6%
ABBV	C	-0.6%
LUMN	C	-0.57%
GS	C	-0.56%
CI	C	-0.55%
PM	C	-0.51%
MRK	D	-0.51%
ELV	C	-0.5%
AMGN	B	-0.48%
QCOM	D	-0.47%
ORCL	C	-0.47%
PEP	C	-0.45%
KO	C	-0.43%
LOW	B	-0.42%
COP	D	-0.42%
MPC	F	-0.41%
UNP	C	-0.4%
MMM	B	-0.4%
LMT	C	-0.4%
MO	C	-0.39%
COF	B	-0.39%
CAT	B	-0.39%
VLO	F	-0.38%
NVDA	D	-0.38%
RTX	C	-0.37%
AXP	B	-0.37%
DIS	D	-0.37%
TGT	C	-0.37%
PSX	F	-0.36%
V	C	-0.35%
MS	D	-0.35%
GILD	B	-0.35%
BMY	C	-0.35%
LIN	B	-0.35%
MU	F	-0.35%
DUK	C	-0.34%
ACN	C	-0.34%
MCD	B	-0.34%
ABT	C	-0.34%
HON	D	-0.34%
TXN	C	-0.34%
FDX	C	-0.32%
F	F	-0.31%
TRV	C	-0.3%
USB	B	-0.3%
SO	B	-0.29%
PNC	B	-0.29%
NEE	C	-0.29%
CB	B	-0.29%
TMO	B	-0.29%
AIG	D	-0.28%
MA	B	-0.28%
LLY	C	-0.27%
MDT	C	-0.27%
SBUX	C	-0.27%
BLK	B	-0.26%
MET	B	-0.26%
PGR	B	-0.26%
HCA	B	-0.25%
AMAT	D	-0.25%
UPS	D	-0.25%
TMUS	C	-0.24%
TJX	B	-0.24%
MDLZ	B	-0.23%
GD	B	-0.23%
DE	B	-0.22%
ADBE	F	-0.22%
TFC	C	-0.22%
NSC	C	-0.21%
CSX	D	-0.21%
ETN	C	-0.21%
NOC	B	-0.21%
EOG	D	-0.2%
BKNG	C	-0.2%
TSLA	C	-0.19%
PYPL	B	-0.19%
D	C	-0.19%
NEM	B	-0.19%
GE	B	-0.18%
NKE	D	-0.18%
AEP	C	-0.18%
DHR	B	-0.17%
LRCX	F	-0.16%
REGN	C	-0.16%
CL	D	-0.16%
ITW	C	-0.15%
ADP	B	-0.15%
EMR	D	-0.15%
NFLX	B	-0.15%
JCI	B	-0.15%
MMC	C	-0.15%
SPGI	B	-0.15%
WM	D	-0.15%
BA	F	-0.14%
AMT	C	-0.14%
AON	B	-0.13%
ICE	C	-0.13%
PCAR	D	-0.13%
SYK	C	-0.13%
CARR	B	-0.13%
ADI	C	-0.13%
FCX	D	-0.13%
PH	B	-0.12%
CRM	D	-0.12%
SRE	C	-0.12%
INTU	C	-0.11%
KHC	C	-0.11%
TEL	D	-0.11%
OXY	F	-0.11%
SLB	F	-0.11%
WELL	C	-0.11%
BDX	D	-0.11%
BX	B	-0.11%
KKR	B	-0.11%
VST	C	-0.11%
KMB	D	-0.11%
APD	B	-0.11%
MCK	F	-0.1%
KLAC	D	-0.1%
CEG	C	-0.1%
STX	C	-0.1%
SCHW	D	-0.1%
ORLY	C	-0.1%
APH	D	-0.09%
TT	B	-0.09%
ISRG	B	-0.09%
SHW	B	-0.09%
CTAS	B	-0.09%
ECL	B	-0.09%
BSX	B	-0.09%
AMD	D	-0.09%
STZ	D	-0.08%
NXPI	F	-0.08%
VRTX	D	-0.08%
TDG	B	-0.08%
MCO	B	-0.08%
MAR	C	-0.08%
CME	C	-0.08%
ZTS	C	-0.08%
PLD	C	-0.08%
KDP	B	-0.08%
EQIX	C	-0.08%
DVA	B	-0.07%
RSG	D	-0.07%
TSCO	C	-0.06%
TRGP	B	-0.06%
AZO	D	-0.06%
PSA	B	-0.06%
MSI	B	-0.06%
EQH	C	-0.05%
GPI	B	-0.05%
GEV	B	-0.05%
SFM	B	-0.05%
ODFL	D	-0.05%
MUSA	D	-0.05%
CPAY	B	-0.05%
ROP	C	-0.05%
FLEX	C	-0.05%
MTH	A	-0.04%
ANET	B	-0.04%
UBER	C	-0.04%
CNO	B	-0.04%
BAH	C	-0.04%
CMG	C	-0.04%
BAP	B	-0.04%
MRVL	C	-0.04%
EL	F	-0.04%
EW	F	-0.04%
TMHC	A	-0.04%
JXN	A	-0.04%
MRNA	F	-0.04%
CLX	C	-0.04%
MNST	D	-0.04%
VRSK	D	-0.04%
ZIM	C	-0.04%
TDS	C	-0.04%
IDXX	C	-0.03%
GDDY	C	-0.03%
FLR	D	-0.03%
LPLA	D	-0.03%
FTNT	C	-0.03%
CMC	D	-0.03%
AER	B	-0.03%
PBF	F	-0.03%
EXPE	C	-0.03%
GT	F	-0.03%
CRBG	D	-0.03%
SNPS	D	-0.03%
CHKP	B	-0.03%
MLI	A	-0.03%
SLG	B	-0.03%
LVS	D	-0.03%
LII	B	-0.03%
ADSK	C	-0.03%
CDNS	D	-0.03%
GNW	B	-0.03%
TPH	C	-0.03%
APO	C	-0.03%
KBH	A	-0.03%
SANM	D	-0.03%
DECK	C	-0.03%
PANW	D	-0.03%
CCEP	B	-0.03%
BURL	B	-0.03%
HBI	B	-0.03%
IT	B	-0.03%
BCC	B	-0.03%
UFPI	C	-0.03%
FL	D	-0.03%
OI	D	-0.02%
UNFI	C	-0.02%
CNX	B	-0.02%
BECN	D	-0.02%
SM	F	-0.02%
ICLR	D	-0.02%
WERN	D	-0.02%
LULU	D	-0.02%
REZI	D	-0.02%
TGNA	D	-0.02%
CYH	B	-0.02%
HUBG	C	-0.02%
TPX	C	-0.02%
POR	C	-0.02%
ASGN	D	-0.02%
MUR	F	-0.02%
RUSHA	C	-0.02%
ASO	C	-0.02%
XRX	D	-0.02%
BTU	D	-0.02%
POOL	C	-0.02%
NAVI	C	-0.02%
QRTEA	F	-0.02%
ABG	D	-0.02%
ABM	D	-0.02%
CPRT	D	-0.02%
NSIT	D	-0.02%
ALV	F	-0.02%
HTZ	F	-0.01%
MATX	B	-0.01%
DELL	D	-0.01%
VSH	F	-0.01%
ANDE	D	-0.01%
ARCH	F	-0.01%
DK	F	-0.01%
MMS	C	-0.01%
AEO	F	-0.01%
ADNT	F	-0.01%
LILAK	D	-0.01%
DAN	F	-0.01%
ODP	F	-0.01%
SPTN	C	-0.01%
NOW	B	-0.01%
BIG	F	-0.0%