IWS vs. GSLC ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$117.38

Average Daily Volume

197,152

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	IWS	GSLC
30 Days	1.53%	2.51%
60 Days	4.98%	6.57%
90 Days	7.44%	8.13%
12 Months	28.97%	34.17%

225 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in GSLC	Overlap
A	F	0.43%	0.06%	0.06%
ACGL	C	0.4%	0.14%	0.14%
ADM	F	0.27%	0.18%	0.18%
AEE	B	0.26%	0.02%	0.02%
AFL	C	0.66%	0.11%	0.11%
AJG	A	0.64%	0.15%	0.15%
AKAM	F	0.15%	0.14%	0.14%
ALGN	D	0.07%	0.06%	0.06%
ALL	B	0.47%	0.1%	0.1%
ALNY	D	0.04%	0.09%	0.04%
AME	A	0.48%	0.09%	0.09%
AMP	A	0.05%	0.38%	0.05%
ANSS	B	0.32%	0.03%	0.03%
ARE	F	0.21%	0.07%	0.07%
ATO	B	0.23%	0.12%	0.12%
AVB	B	0.36%	0.09%	0.09%
AVTR	F	0.17%	0.08%	0.08%
AVY	F	0.11%	0.15%	0.11%
BBY	C	0.21%	0.2%	0.2%
BG	D	0.13%	0.17%	0.13%
BIIB	F	0.27%	0.13%	0.13%
BK	B	0.62%	0.37%	0.37%
BLDR	C	0.21%	0.43%	0.21%
BR	A	0.03%	0.15%	0.03%
BRO	B	0.16%	0.17%	0.16%
CAG	F	0.15%	0.17%	0.15%
CAH	B	0.13%	0.11%	0.11%
CBOE	D	0.22%	0.1%	0.1%
CBRE	B	0.45%	0.06%	0.06%
CCL	B	0.26%	0.18%	0.18%
CDW	F	0.14%	0.12%	0.12%
CE	F	0.07%	0.1%	0.07%
CF	B	0.17%	0.11%	0.11%
CFG	B	0.22%	0.09%	0.09%
CHD	A	0.28%	0.12%	0.12%
CHTR	B	0.4%	0.12%	0.12%
CINF	A	0.25%	0.13%	0.13%
CMI	A	0.53%	0.08%	0.08%
CMS	D	0.22%	0.07%	0.07%
CNC	F	0.34%	0.1%	0.1%
CNP	B	0.21%	0.04%	0.04%
COIN	B	0.09%	0.05%	0.05%
CSL	B	0.19%	0.1%	0.1%
CTRA	B	0.2%	0.04%	0.04%
CTSH	A	0.43%	0.19%	0.19%
CTVA	C	0.44%	0.03%	0.03%
CVNA	B	0.19%	0.06%	0.06%
DAL	A	0.43%	0.13%	0.13%
DFS	B	0.47%	0.26%	0.26%
DG	F	0.18%	0.11%	0.11%
DGX	B	0.19%	0.16%	0.16%
DHI	D	0.54%	0.14%	0.14%
DLR	C	0.64%	0.03%	0.03%
DLTR	F	0.13%	0.09%	0.09%
DOV	A	0.3%	0.11%	0.11%
DOW	F	0.35%	0.08%	0.08%
DPZ	C	0.11%	0.22%	0.11%
DRI	B	0.1%	0.09%	0.09%
DTE	D	0.26%	0.04%	0.04%
DVN	F	0.27%	0.05%	0.05%
EA	A	0.46%	0.23%	0.23%
EBAY	C	0.34%	0.1%	0.1%
ED	D	0.37%	0.06%	0.06%
EFX	F	0.29%	0.03%	0.03%
EG	D	0.14%	0.1%	0.1%
EIX	C	0.34%	0.04%	0.04%
EME	B	0.16%	0.16%	0.16%
EQR	C	0.3%	0.08%	0.08%
ESS	C	0.21%	0.06%	0.06%
ETR	B	0.34%	0.06%	0.06%
EVRG	A	0.15%	0.07%	0.07%
EXC	C	0.41%	0.04%	0.04%
EXPD	C	0.15%	0.1%	0.1%
EXR	D	0.38%	0.03%	0.03%
FANG	C	0.37%	0.02%	0.02%
FAST	B	0.08%	0.36%	0.08%
FCNCA	B	0.28%	0.1%	0.1%
FDS	A	0.13%	0.11%	0.11%
FE	D	0.26%	0.07%	0.07%
FICO	B	0.09%	0.46%	0.09%
FIS	B	0.54%	0.06%	0.06%
FITB	A	0.34%	0.05%	0.05%
FNF	C	0.17%	0.04%	0.04%
FTV	C	0.29%	0.1%	0.1%
GEHC	D	0.37%	0.02%	0.02%
GEN	B	0.17%	0.12%	0.12%
GGG	B	0.16%	0.15%	0.15%
GIS	F	0.4%	0.07%	0.07%
GLW	B	0.4%	0.08%	0.08%
GPC	D	0.18%	0.04%	0.04%
GPN	B	0.31%	0.07%	0.07%
GRMN	A	0.36%	0.05%	0.05%
GWRE	A	0.1%	0.04%	0.04%
GWW	B	0.07%	0.44%	0.07%
HAL	C	0.28%	0.06%	0.06%
HBAN	A	0.27%	0.05%	0.05%
HIG	C	0.37%	0.22%	0.22%
HLT	A	0.32%	0.18%	0.18%
HOLX	D	0.19%	0.17%	0.17%
HPE	B	0.31%	0.28%	0.28%
HPQ	B	0.3%	0.08%	0.08%
HSY	F	0.24%	0.05%	0.05%
HUBB	C	0.27%	0.08%	0.08%
HUM	D	0.38%	0.02%	0.02%
HWM	B	0.47%	0.12%	0.12%
IBKR	A	0.19%	0.05%	0.05%
IEX	B	0.19%	0.15%	0.15%
IFF	F	0.26%	0.03%	0.03%
ILMN	C	0.26%	0.07%	0.07%
INVH	D	0.22%	0.07%	0.07%
IP	B	0.22%	0.09%	0.09%
IQV	F	0.38%	0.1%	0.1%
IR	A	0.45%	0.11%	0.11%
IRM	D	0.16%	0.13%	0.13%
J	D	0.2%	0.07%	0.07%
JBL	C	0.15%	0.14%	0.14%
JKHY	C	0.14%	0.15%	0.14%
K	A	0.23%	0.06%	0.06%
KEY	B	0.19%	0.02%	0.02%
KEYS	C	0.31%	0.09%	0.09%
KIM	A	0.18%	0.02%	0.02%
KMI	B	0.56%	0.25%	0.25%
KR	A	0.43%	0.39%	0.39%
KVUE	A	0.49%	0.02%	0.02%
L	A	0.16%	0.2%	0.16%
LDOS	C	0.29%	0.26%	0.26%
LEN	D	0.45%	0.28%	0.28%
LEN	D	0.02%	0.28%	0.02%
LH	B	0.22%	0.11%	0.11%
LHX	B	0.53%	0.08%	0.08%
LNG	B	0.25%	0.04%	0.04%
LNT	C	0.16%	0.08%	0.08%
LYB	F	0.24%	0.14%	0.14%
MAA	C	0.2%	0.07%	0.07%
MAS	D	0.19%	0.19%	0.19%
MCHP	F	0.42%	0.08%	0.08%
MKL	A	0.18%	0.1%	0.1%
MLM	B	0.39%	0.03%	0.03%
MRO	B	0.17%	0.09%	0.09%
MSTR	B	0.43%	0.12%	0.12%
MTB	A	0.38%	0.07%	0.07%
MTD	F	0.3%	0.29%	0.29%
NDAQ	B	0.35%	0.08%	0.08%
NDSN	B	0.16%	0.12%	0.12%
NI	A	0.17%	0.1%	0.1%
NRG	C	0.13%	0.22%	0.13%
NTAP	D	0.15%	0.14%	0.14%
NTNX	B	0.13%	0.27%	0.13%
NTRS	A	0.23%	0.19%	0.19%
NUE	D	0.41%	0.16%	0.16%
NVR	D	0.29%	0.11%	0.11%
O	D	0.54%	0.05%	0.05%
OC	A	0.18%	0.13%	0.13%
OKE	A	0.68%	0.16%	0.16%
OMC	A	0.22%	0.17%	0.17%
ON	F	0.33%	0.09%	0.09%
OTIS	D	0.44%	0.17%	0.17%
PAYX	B	0.33%	0.07%	0.07%
PCG	A	0.48%	0.02%	0.02%
PEG	C	0.46%	0.11%	0.11%
PFG	C	0.21%	0.16%	0.16%
PHM	D	0.3%	0.26%	0.26%
PKG	B	0.23%	0.12%	0.12%
PNR	A	0.19%	0.02%	0.02%
PPG	F	0.32%	0.12%	0.12%
PPL	A	0.27%	0.1%	0.1%
PRU	B	0.47%	0.15%	0.15%
PSTG	D	0.02%	0.21%	0.02%
PTC	B	0.1%	0.17%	0.1%
PWR	B	0.36%	0.09%	0.09%
RCL	A	0.38%	0.12%	0.12%
RF	A	0.26%	0.05%	0.05%
RJF	A	0.33%	0.12%	0.12%
RMD	C	0.29%	0.02%	0.02%
ROST	D	0.39%	0.07%	0.07%
RPM	A	0.14%	0.15%	0.14%
RS	C	0.2%	0.16%	0.16%
RVTY	C	0.16%	0.03%	0.03%
SNA	A	0.2%	0.1%	0.1%
SPG	A	0.47%	0.09%	0.09%
SSNC	C	0.17%	0.25%	0.17%
STE	D	0.23%	0.08%	0.08%
STLD	C	0.24%	0.05%	0.05%
STT	B	0.31%	0.25%	0.25%
SUI	F	0.17%	0.07%	0.07%
SWK	F	0.15%	0.11%	0.11%
SWKS	F	0.15%	0.17%	0.15%
SYF	B	0.27%	0.4%	0.27%
SYY	D	0.16%	0.24%	0.16%
TDY	B	0.24%	0.13%	0.13%
TER	F	0.02%	0.07%	0.02%
TOL	B	0.17%	0.07%	0.07%
TRMB	B	0.19%	0.08%	0.08%
TROW	A	0.28%	0.12%	0.12%
TRU	D	0.21%	0.06%	0.06%
TSN	B	0.18%	0.06%	0.06%
TTWO	A	0.33%	0.04%	0.04%
TW	B	0.1%	0.02%	0.02%
TXT	D	0.18%	0.18%	0.18%
TYL	B	0.04%	0.04%	0.04%
ULTA	C	0.03%	0.27%	0.03%
URI	B	0.48%	0.03%	0.03%
VICI	D	0.35%	0.1%	0.1%
VLTO	D	0.15%	0.13%	0.13%
VMC	B	0.31%	0.04%	0.04%
VRSN	C	0.16%	0.38%	0.16%
VTR	C	0.29%	0.04%	0.04%
VTRS	B	0.17%	0.33%	0.17%
WAB	B	0.38%	0.24%	0.24%
WAT	B	0.1%	0.09%	0.09%
WBD	B	0.24%	0.23%	0.23%
WDC	D	0.25%	0.04%	0.04%
WEC	B	0.33%	0.05%	0.05%
WMB	B	0.74%	0.22%	0.22%
WPC	F	0.13%	0.1%	0.1%
WRB	B	0.19%	0.06%	0.06%
WSM	F	0.07%	0.18%	0.07%
WSO	B	0.2%	0.07%	0.07%
WTW	A	0.35%	0.08%	0.08%
WY	F	0.25%	0.04%	0.04%
XYL	F	0.33%	0.09%	0.09%
YUM	B	0.26%	0.28%	0.26%
ZBH	C	0.24%	0.11%	0.11%
ZBRA	B	0.17%	0.02%	0.02%
ZM	B	0.23%	0.18%	0.18%

IWS Overweight 481 Positions Relative to GSLC

Symbol	Grade	Weight
CCI	F	0.5%
BKR	B	0.47%
FERG	B	0.42%
XEL	A	0.41%
DD	D	0.38%
CSGP	F	0.34%
ROK	B	0.31%
UAL	A	0.31%
AWK	D	0.29%
SW	B	0.29%
SQ	B	0.26%
SBAC	D	0.26%
EQT	B	0.25%
EXE	A	0.23%
ES	D	0.23%
COO	D	0.22%
HOOD	B	0.22%
FSLR	F	0.22%
LUV	B	0.21%
MSCI	B	0.21%
MKC	D	0.21%
BALL	D	0.2%
BAX	F	0.19%
UTHR	B	0.19%
USFD	B	0.17%
APTV	F	0.17%
THC	B	0.17%
JBHT	C	0.17%
DOC	C	0.17%
COHR	C	0.16%
UDR	C	0.16%
CW	C	0.16%
RGA	A	0.16%
AMCR	D	0.16%
ACM	B	0.16%
REG	A	0.15%
RNR	D	0.15%
HES	B	0.15%
EWBC	B	0.15%
FFIV	B	0.15%
INCY	B	0.14%
HST	D	0.14%
ITT	A	0.14%
CPT	C	0.14%
CACI	C	0.14%
ALLE	D	0.14%
CASY	B	0.14%
CHRW	A	0.14%
TWLO	B	0.14%
BMRN	F	0.14%
JNPR	D	0.14%
NVT	C	0.14%
UNM	A	0.14%
BXP	D	0.14%
GLPI	D	0.14%
ELS	B	0.14%
CLH	B	0.14%
ATR	A	0.13%
RRX	B	0.13%
Z	B	0.13%
ALB	C	0.13%
TECH	D	0.13%
EMN	D	0.13%
SJM	F	0.13%
BJ	B	0.13%
TPR	A	0.13%
UHS	D	0.13%
EPAM	B	0.13%
FTI	B	0.13%
SCI	B	0.13%
AMH	C	0.13%
CTLT	D	0.12%
BLD	F	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%
CCK	D	0.12%
CRL	C	0.12%
DAY	B	0.12%
KMX	B	0.12%
EVR	B	0.12%
AA	C	0.12%
IPG	F	0.12%
NWSA	B	0.12%
PFGC	B	0.12%
SOFI	B	0.12%
OVV	C	0.12%
SF	A	0.12%
CG	B	0.12%
WAL	B	0.11%
GL	B	0.11%
FBIN	F	0.11%
TTEK	F	0.11%
RGLD	C	0.11%
WBS	A	0.11%
AFG	A	0.11%
WTRG	C	0.11%
NLY	C	0.11%
INGR	B	0.11%
LKQ	C	0.11%
SOLV	C	0.11%
LAD	B	0.11%
AYI	A	0.11%
EHC	B	0.11%
MKTX	C	0.11%
OHI	C	0.11%
RPRX	F	0.11%
FOXA	A	0.11%
ARMK	B	0.11%
CIEN	B	0.11%
PRI	B	0.11%
DKS	D	0.11%
TAP	B	0.11%
PNW	A	0.11%
ALSN	B	0.11%
DOX	C	0.11%
GPK	D	0.1%
RIVN	F	0.1%
KBR	D	0.1%
JLL	C	0.1%
CZR	F	0.1%
HRL	F	0.1%
HLI	B	0.1%
TTC	F	0.1%
AXTA	A	0.1%
MOS	D	0.1%
ALLY	C	0.1%
RL	B	0.1%
JEF	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%
TFX	F	0.1%
PNFP	B	0.1%
CNH	D	0.1%
X	D	0.1%
BRBR	A	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%
KNX	C	0.1%
SNX	C	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%
HII	F	0.09%
ACI	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%
AR	B	0.09%
LECO	C	0.09%
APG	C	0.09%
FYBR	D	0.09%
EGP	D	0.09%
MGM	D	0.09%
BRX	A	0.09%
OGE	B	0.09%
CR	B	0.09%
HSIC	F	0.09%
CPB	F	0.09%
R	B	0.08%
CGNX	C	0.08%
GNTX	C	0.08%
GXO	B	0.08%
MOH	F	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%
CHE	D	0.08%
SKX	F	0.08%
ADC	A	0.08%
MHK	D	0.08%
RHI	B	0.08%
PR	C	0.08%
BWA	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%
MTDR	B	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%
ARW	F	0.07%
MSA	D	0.07%
SIRI	C	0.07%
ALK	A	0.07%
NOV	C	0.07%
COLB	A	0.07%
DAR	B	0.07%
ONTO	F	0.07%
FAF	C	0.07%
ESI	B	0.07%
WBA	D	0.07%
COLD	F	0.07%
PARA	B	0.07%
IVZ	B	0.07%
AXS	A	0.07%
MAT	C	0.07%
DINO	D	0.07%
AZPN	A	0.07%
HRB	D	0.07%
QRVO	F	0.07%
DOCS	B	0.07%
RLI	A	0.07%
FND	F	0.07%
HR	C	0.07%
WH	A	0.07%
RGEN	C	0.07%
BBWI	C	0.07%
LSTR	B	0.07%
STAG	D	0.07%
OKTA	C	0.07%
VMI	B	0.07%
WEX	D	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%
LEA	F	0.06%
NFG	D	0.06%
POST	D	0.06%
FOX	A	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%
H	B	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%
GFS	C	0.05%
GAP	B	0.05%
PAYC	B	0.05%
DLB	D	0.05%
EEFT	C	0.05%
SLGN	B	0.05%
WLK	F	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%
ST	F	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%
ZG	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%
NWS	B	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%
UHAL	D	0.04%
CIVI	D	0.04%
MSGS	B	0.04%
DXC	B	0.04%
VNOM	C	0.04%
IAC	F	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%
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%
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%
COTY	D	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%
PAG	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%
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%
FTRE	D	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%
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%
CNA	C	0.01%
FWONA	B	0.01%
AS	B	0.01%
HAS	D	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%
UHAL	D	0.0%
GRAL	B	0.0%
LAZ	C	0.0%

IWS Underweight 213 Positions Relative to GSLC

Symbol	Grade	Weight
NVDA	A	-6.58%
AAPL	C	-6.21%
MSFT	C	-5.69%
AMZN	A	-3.45%
META	B	-2.63%
GOOGL	C	-1.94%
AVGO	C	-1.25%
LLY	F	-1.21%
BRK.A	B	-1.11%
JPM	A	-1.1%
WMT	A	-0.91%
MA	B	-0.84%
UNH	B	-0.83%
COST	B	-0.83%
V	A	-0.81%
HD	B	-0.78%
TSLA	B	-0.77%
XOM	B	-0.73%
JNJ	D	-0.62%
PG	C	-0.57%
ABBV	F	-0.57%
BKNG	A	-0.49%
ADBE	C	-0.46%
CRM	B	-0.45%
ACN	B	-0.45%
LOW	B	-0.4%
MRK	F	-0.4%
BAC	A	-0.39%
IBM	D	-0.39%
NFLX	A	-0.38%
CL	F	-0.38%
CTAS	B	-0.37%
TJX	A	-0.37%
QCOM	F	-0.37%
PEP	D	-0.36%
AMAT	F	-0.36%
COF	B	-0.35%
KO	F	-0.34%
T	A	-0.33%
MSI	B	-0.32%
CSCO	A	-0.32%
NOW	A	-0.32%
MCO	C	-0.32%
WFC	A	-0.31%
CMCSA	B	-0.3%
IDXX	F	-0.3%
AXP	B	-0.3%
MMC	D	-0.29%
MANH	C	-0.29%
PM	B	-0.29%
ORLY	A	-0.28%
ORCL	A	-0.28%
TEAM	B	-0.28%
APO	B	-0.28%
GE	D	-0.28%
LRCX	F	-0.27%
VST	B	-0.27%
C	B	-0.27%
PINS	F	-0.27%
CI	D	-0.26%
FI	A	-0.26%
TMUS	A	-0.26%
AMD	F	-0.25%
DECK	B	-0.25%
ROP	A	-0.25%
INTU	A	-0.25%
LIN	D	-0.24%
COR	B	-0.24%
BSX	A	-0.24%
TMO	F	-0.24%
CAT	B	-0.24%
VZ	D	-0.24%
TXN	B	-0.24%
APH	B	-0.23%
HUBS	B	-0.23%
MS	A	-0.23%
CDNS	B	-0.23%
TGT	C	-0.23%
AZO	B	-0.22%
ITW	B	-0.22%
BMY	B	-0.21%
ADSK	B	-0.21%
GDDY	B	-0.21%
FTNT	B	-0.21%
ABT	C	-0.21%
RSG	B	-0.21%
IT	B	-0.21%
ICE	C	-0.21%
SHW	A	-0.21%
LII	B	-0.2%
REGN	F	-0.2%
CB	C	-0.2%
RTX	D	-0.2%
PGR	A	-0.2%
VRTX	B	-0.2%
NKE	F	-0.19%
AMGN	F	-0.19%
GILD	B	-0.19%
ANET	C	-0.19%
CVS	F	-0.19%
ISRG	A	-0.19%
CVX	A	-0.19%
PANW	B	-0.18%
TSCO	D	-0.18%
MPC	D	-0.18%
MCK	B	-0.18%
F	C	-0.17%
CLX	A	-0.17%
MO	A	-0.17%
VLO	C	-0.17%
KLAC	F	-0.17%
EXPE	B	-0.17%
SPGI	C	-0.16%
SNPS	C	-0.16%
DHR	F	-0.16%
DIS	B	-0.16%
AIG	B	-0.16%
MCD	C	-0.16%
APP	B	-0.15%
KKR	B	-0.15%
SYK	A	-0.15%
TT	B	-0.15%
WM	A	-0.14%
LMT	D	-0.14%
UBER	F	-0.14%
ETN	B	-0.14%
PH	A	-0.14%
TRV	B	-0.14%
KMB	D	-0.14%
GD	C	-0.14%
HON	B	-0.14%
TDG	D	-0.13%
VRT	B	-0.13%
ROL	C	-0.13%
AON	B	-0.12%
ADP	A	-0.12%
HCA	D	-0.12%
TRGP	B	-0.12%
PODD	B	-0.11%
CME	B	-0.11%
EL	F	-0.11%
ZTS	D	-0.11%
LPLA	A	-0.11%
CEG	D	-0.11%
MDLZ	F	-0.1%
MAR	A	-0.1%
PSX	C	-0.1%
DUK	D	-0.1%
COP	C	-0.1%
CRWD	B	-0.09%
GEV	B	-0.09%
WELL	B	-0.09%
NEE	D	-0.09%
BX	A	-0.09%
KHC	F	-0.09%
VRSK	A	-0.09%
MNST	B	-0.09%
PNC	B	-0.09%
ELV	F	-0.09%
PYPL	A	-0.09%
FDX	B	-0.09%
MMM	C	-0.09%
ECL	C	-0.09%
ARES	B	-0.08%
EOG	A	-0.08%
SO	D	-0.08%
MU	D	-0.08%
ADI	D	-0.08%
MET	C	-0.08%
STZ	D	-0.08%
DELL	C	-0.08%
KDP	C	-0.08%
MDT	D	-0.08%
INTC	C	-0.07%
EW	F	-0.07%
DASH	A	-0.07%
AXON	B	-0.07%
BDX	F	-0.07%
CMG	B	-0.07%
PCAR	B	-0.07%
CPAY	A	-0.07%
CARR	C	-0.06%
JCI	A	-0.06%
CPRT	A	-0.06%
USB	B	-0.06%
CSX	B	-0.06%
DE	D	-0.06%
PSA	D	-0.05%
WDAY	B	-0.05%
SRE	B	-0.05%
BAH	C	-0.05%
BURL	C	-0.05%
OXY	F	-0.05%
STX	D	-0.05%
AEP	D	-0.04%
MPWR	F	-0.04%
NOC	D	-0.04%
POOL	D	-0.04%
UNP	D	-0.04%
D	D	-0.03%
PLTR	B	-0.03%
SLB	C	-0.03%
GM	B	-0.03%
SCHW	B	-0.03%
LYV	A	-0.03%
SMCI	F	-0.02%
AMT	F	-0.02%
PFE	F	-0.02%
DXCM	C	-0.02%
LVS	C	-0.02%
EQIX	B	-0.02%
TFC	B	-0.02%
ODFL	B	-0.02%