IWS vs. GVLU ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Gotham 1000 Value ETF (GVLU)

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

$131.46

Average Daily Volume

286,589

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

GVLU

Gotham 1000 Value ETF

GVLU Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by generally investing in equity securities of 400-600 mid- to large-capitalization companies chosen from a universe of the largest 1,400 companies listed on U.S. stock exchanges measured by market capitalization.

Grade (RS Rating)

Last Trade

$24.74

Average Daily Volume

25,357

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	IWS	GVLU
30 Days	3.11%	3.07%
60 Days	9.24%	8.68%
90 Days	10.48%	9.12%
12 Months	31.20%	28.98%

281 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in GVLU	Overlap
AA	B	0.11%	0.05%	0.05%
AAL	D	0.08%	0.18%	0.08%
ACGL	A	0.46%	0.53%	0.46%
ACI	F	0.09%	0.37%	0.09%
ACM	A	0.16%	0.14%	0.14%
ADM	F	0.32%	0.19%	0.19%
AFG	A	0.11%	0.16%	0.11%
AFL	A	0.71%	0.25%	0.25%
AGCO	D	0.07%	0.08%	0.07%
AGO	B	0.05%	0.49%	0.05%
AIZ	B	0.12%	0.52%	0.12%
ALL	A	0.47%	0.49%	0.47%
ALLE	A	0.14%	0.07%	0.07%
ALSN	A	0.1%	0.36%	0.1%
AM	A	0.04%	0.1%	0.04%
AMCR	C	0.18%	0.27%	0.18%
AN	D	0.05%	0.12%	0.05%
AOS	C	0.12%	0.0%	0.0%
APTV	D	0.22%	0.25%	0.22%
ARMK	C	0.11%	0.46%	0.11%
ARW	C	0.08%	0.46%	0.08%
ASH	F	0.05%	0.35%	0.05%
ATI	C	0.09%	0.19%	0.09%
AVT	B	0.05%	0.37%	0.05%
AVTR	D	0.19%	0.01%	0.01%
AVY	D	0.12%	0.09%	0.09%
AXS	A	0.07%	0.2%	0.07%
AXTA	C	0.09%	0.32%	0.09%
AYI	A	0.1%	0.26%	0.1%
AZEK	D	0.02%	0.11%	0.02%
BALL	C	0.23%	0.46%	0.23%
BAX	D	0.21%	0.19%	0.19%
BBY	C	0.25%	0.31%	0.25%
BC	C	0.06%	0.04%	0.04%
BERY	C	0.09%	0.18%	0.09%
BG	F	0.15%	0.3%	0.15%
BHF	D	0.03%	0.04%	0.03%
BIIB	F	0.31%	0.16%	0.16%
BIO	B	0.07%	0.05%	0.05%
BJ	B	0.13%	0.17%	0.13%
BKR	B	0.41%	0.34%	0.34%
BLD	D	0.13%	0.08%	0.08%
BLDR	C	0.24%	0.0%	0.0%
BR	B	0.02%	0.1%	0.02%
BRBR	A	0.09%	0.04%	0.04%
BWA	C	0.09%	0.33%	0.09%
BYD	B	0.05%	0.26%	0.05%
CACI	A	0.12%	0.02%	0.02%
CAG	D	0.17%	0.5%	0.17%
CAH	B	0.12%	0.15%	0.12%
CBOE	B	0.25%	0.2%	0.2%
CCK	C	0.13%	0.42%	0.13%
CE	D	0.12%	0.08%	0.08%
CFR	B	0.07%	0.03%	0.03%
CHK	C	0.21%	0.03%	0.03%
CHTR	D	0.35%	0.14%	0.14%
CIEN	A	0.1%	0.1%	0.1%
CLF	D	0.05%	0.02%	0.02%
CMI	A	0.5%	0.42%	0.42%
CNA	D	0.01%	0.34%	0.01%
CNC	F	0.44%	0.48%	0.44%
CNM	F	0.03%	0.21%	0.03%
COKE	C	0.09%	0.12%	0.09%
COLB	C	0.06%	0.03%	0.03%
COLM	B	0.03%	0.4%	0.03%
CPB	D	0.1%	0.04%	0.04%
CPRI	C	0.05%	0.27%	0.05%
CRI	D	0.03%	0.27%	0.03%
CROX	C	0.08%	0.39%	0.08%
CRUS	D	0.07%	0.31%	0.07%
CSL	A	0.2%	0.38%	0.2%
CTRA	D	0.2%	0.19%	0.19%
CW	A	0.14%	0.08%	0.08%
CXT	F	0.03%	0.04%	0.03%
CZR	B	0.1%	0.11%	0.1%
DAL	C	0.36%	0.46%	0.36%
DAR	F	0.07%	0.32%	0.07%
DBX	C	0.05%	0.22%	0.05%
DCI	B	0.1%	0.26%	0.1%
DDS	D	0.01%	0.08%	0.01%
DGX	D	0.19%	0.01%	0.01%
DINO	F	0.08%	0.35%	0.08%
DKS	D	0.12%	0.02%	0.02%
DOV	C	0.29%	0.1%	0.1%
DOX	B	0.11%	0.35%	0.11%
DPZ	D	0.11%	0.05%	0.05%
DRI	C	0.1%	0.13%	0.1%
DVN	F	0.28%	0.34%	0.28%
DXC	C	0.04%	0.3%	0.04%
EBAY	A	0.37%	0.16%	0.16%
EEFT	F	0.05%	0.35%	0.05%
EG	A	0.16%	0.51%	0.16%
ELAN	D	0.08%	0.05%	0.05%
EME	B	0.14%	0.23%	0.14%
EMN	C	0.15%	0.02%	0.02%
ESAB	C	0.07%	0.15%	0.07%
ETSY	F	0.02%	0.04%	0.02%
EWBC	B	0.12%	0.08%	0.08%
FANG	D	0.38%	0.29%	0.29%
FBIN	C	0.12%	0.0%	0.0%
FDS	C	0.13%	0.13%	0.13%
FFIV	B	0.14%	0.17%	0.14%
FITB	C	0.32%	0.0%	0.0%
FIVE	D	0.01%	0.01%	0.01%
FLO	D	0.05%	0.26%	0.05%
FMC	C	0.09%	0.22%	0.09%
FOXA	B	0.11%	0.37%	0.11%
FTI	B	0.13%	0.48%	0.13%
GAP	F	0.05%	0.34%	0.05%
GEHC	C	0.41%	0.04%	0.04%
GEN	A	0.17%	0.23%	0.17%
GFS	F	0.04%	0.3%	0.04%
GIS	C	0.47%	0.23%	0.23%
GL	C	0.1%	0.46%	0.1%
GNRC	B	0.05%	0.04%	0.04%
GNTX	D	0.08%	0.21%	0.08%
GPK	D	0.1%	0.41%	0.1%
GPN	F	0.29%	0.32%	0.29%
GRMN	D	0.3%	0.15%	0.15%
GTES	C	0.04%	0.24%	0.04%
GWW	B	0.07%	0.06%	0.06%
H	B	0.06%	0.02%	0.02%
HAL	D	0.3%	0.11%	0.11%
HAS	A	0.01%	0.06%	0.01%
HAYW	C	0.02%	0.13%	0.02%
HBAN	B	0.23%	0.03%	0.03%
HIG	A	0.39%	0.31%	0.31%
HOG	D	0.05%	0.23%	0.05%
HOLX	D	0.21%	0.04%	0.04%
HPE	B	0.29%	0.11%	0.11%
HPQ	B	0.29%	0.31%	0.29%
HRL	F	0.1%	0.21%	0.1%
HSIC	D	0.1%	0.29%	0.1%
HSY	D	0.27%	0.02%	0.02%
HUM	F	0.38%	0.5%	0.38%
IEX	D	0.18%	0.05%	0.05%
IFF	D	0.3%	0.26%	0.26%
INCY	B	0.11%	0.36%	0.11%
INGR	B	0.1%	0.56%	0.1%
IP	C	0.19%	0.37%	0.19%
IPG	D	0.13%	0.33%	0.13%
IPGP	D	0.02%	0.06%	0.02%
IR	A	0.44%	0.0%	0.0%
IRDM	C	0.04%	0.11%	0.04%
ITT	C	0.14%	0.04%	0.04%
J	F	0.18%	0.27%	0.18%
JAZZ	F	0.08%	0.34%	0.08%
JBHT	D	0.16%	0.06%	0.06%
JBL	C	0.14%	0.19%	0.14%
JKHY	A	0.15%	0.04%	0.04%
JNPR	C	0.14%	0.07%	0.07%
JWN	D	0.02%	0.24%	0.02%
K	B	0.24%	0.57%	0.24%
KBR	A	0.09%	0.04%	0.04%
KMX	F	0.13%	0.1%	0.1%
KR	C	0.42%	0.4%	0.4%
KVUE	C	0.49%	0.11%	0.11%
L	C	0.16%	0.31%	0.16%
LAD	C	0.1%	0.21%	0.1%
LDOS	A	0.25%	0.38%	0.25%
LEA	F	0.07%	0.09%	0.07%
LECO	D	0.08%	0.2%	0.08%
LFUS	C	0.07%	0.04%	0.04%
LKQ	F	0.12%	0.12%	0.12%
LNC	B	0.06%	0.17%	0.06%
LNG	A	0.23%	0.36%	0.23%
LOPE	D	0.03%	0.16%	0.03%
LPX	C	0.02%	0.12%	0.02%
LYB	B	0.28%	0.18%	0.18%
M	D	0.05%	0.01%	0.01%
MAN	D	0.04%	0.12%	0.04%
MASI	B	0.03%	0.08%	0.03%
MDU	C	0.06%	0.06%	0.06%
MHK	C	0.09%	0.38%	0.09%
MIDD	D	0.08%	0.35%	0.08%
MKC	C	0.24%	0.06%	0.06%
MKL	B	0.17%	0.5%	0.17%
MKTX	B	0.11%	0.02%	0.02%
MOH	F	0.08%	0.41%	0.08%
MOS	F	0.1%	0.01%	0.01%
MRO	B	0.17%	0.41%	0.17%
MSA	F	0.07%	0.15%	0.07%
MSCI	B	0.21%	0.01%	0.01%
MSGS	A	0.04%	0.05%	0.04%
MSM	D	0.04%	0.35%	0.04%
MTCH	B	0.11%	0.29%	0.11%
MTG	A	0.07%	0.0%	0.0%
MTN	D	0.01%	0.38%	0.01%
MTZ	A	0.09%	0.23%	0.09%
NEU	F	0.04%	0.23%	0.04%
NFG	A	0.06%	0.28%	0.06%
NOV	F	0.07%	0.02%	0.02%
NRG	A	0.13%	0.47%	0.13%
NTAP	D	0.16%	0.01%	0.01%
NVST	D	0.04%	0.21%	0.04%
NVT	C	0.13%	0.09%	0.09%
NWL	D	0.04%	0.22%	0.04%
NXST	D	0.04%	0.1%	0.04%
OC	C	0.17%	0.1%	0.1%
OGN	F	0.05%	0.31%	0.05%
OMC	C	0.22%	0.26%	0.22%
OTIS	A	0.47%	0.02%	0.02%
OVV	D	0.12%	0.15%	0.12%
OZK	D	0.05%	0.07%	0.05%
PAG	D	0.03%	0.03%	0.03%
PAYC	D	0.03%	0.14%	0.03%
PNR	C	0.18%	0.1%	0.1%
POST	C	0.06%	0.32%	0.06%
PPC	C	0.02%	0.55%	0.02%
PPG	D	0.34%	0.05%	0.05%
PRI	A	0.1%	0.08%	0.08%
PRU	B	0.48%	0.17%	0.17%
PVH	D	0.06%	0.3%	0.06%
QRVO	F	0.11%	0.33%	0.11%
RBC	C	0.1%	0.05%	0.05%
REYN	D	0.02%	0.4%	0.02%
RF	B	0.23%	0.01%	0.01%
RGA	B	0.16%	0.31%	0.16%
RGLD	C	0.1%	0.29%	0.1%
RL	B	0.09%	0.38%	0.09%
RMD	C	0.28%	0.18%	0.18%
RNR	A	0.16%	0.59%	0.16%
RPM	A	0.13%	0.3%	0.13%
RRX	B	0.12%	0.35%	0.12%
SAIC	A	0.08%	0.05%	0.05%
SAM	D	0.02%	0.18%	0.02%
SBAC	C	0.29%	0.09%	0.09%
SEE	C	0.03%	0.36%	0.03%
SKX	B	0.09%	0.46%	0.09%
SMG	C	0.04%	0.41%	0.04%
SNA	C	0.17%	0.36%	0.17%
SNV	D	0.07%	0.0%	0.0%
SNX	C	0.1%	0.36%	0.1%
SOLV	C	0.11%	0.32%	0.11%
SON	D	0.06%	0.4%	0.06%
SPB	C	0.03%	0.01%	0.01%
SSD	B	0.08%	0.1%	0.08%
SSNC	C	0.18%	0.17%	0.17%
STE	D	0.26%	0.11%	0.11%
SWK	C	0.19%	0.45%	0.19%
SWKS	F	0.17%	0.25%	0.17%
SYY	D	0.17%	0.29%	0.17%
TAP	D	0.11%	0.44%	0.11%
TDY	A	0.23%	0.18%	0.18%
THC	D	0.17%	0.43%	0.17%
THG	A	0.06%	0.39%	0.06%
THO	C	0.06%	0.02%	0.02%
TKO	A	0.09%	0.4%	0.09%
TKR	B	0.06%	0.27%	0.06%
TPR	B	0.12%	0.43%	0.12%
TSN	D	0.19%	0.09%	0.09%
TTC	F	0.1%	0.31%	0.1%
TTEK	A	0.11%	0.02%	0.02%
UA	B	0.02%	0.25%	0.02%
UHS	D	0.15%	0.22%	0.15%
UI	B	0.01%	0.19%	0.01%
ULTA	D	0.03%	0.12%	0.03%
UNM	A	0.12%	0.36%	0.12%
URI	C	0.46%	0.13%	0.13%
USFD	C	0.16%	0.21%	0.16%
UTHR	C	0.18%	0.35%	0.18%
VFC	A	0.08%	0.34%	0.08%
VLTO	A	0.17%	0.02%	0.02%
VMI	B	0.06%	0.32%	0.06%
VNT	F	0.06%	0.04%	0.04%
VRSN	C	0.17%	0.18%	0.17%
VTRS	D	0.15%	0.16%	0.15%
WCC	D	0.08%	0.3%	0.08%
WEN	B	0.02%	0.07%	0.02%
WEX	C	0.09%	0.23%	0.09%
WH	C	0.06%	0.11%	0.06%
WRB	C	0.19%	0.33%	0.19%
WSC	D	0.05%	0.13%	0.05%
WSM	C	0.09%	0.17%	0.09%
WTFC	B	0.08%	0.01%	0.01%
WU	D	0.03%	0.36%	0.03%
WYNN	B	0.11%	0.03%	0.03%
XRAY	D	0.06%	0.21%	0.06%
YUM	C	0.27%	0.03%	0.03%
ZION	D	0.07%	0.01%	0.01%
ZM	B	0.2%	0.32%	0.2%

IWS Overweight 425 Positions Relative to GVLU

Symbol	Grade	Weight
AJG	C	0.65%
DHI	C	0.64%
WMB	A	0.63%
O	C	0.62%
OKE	A	0.6%
BK	A	0.59%
DLR	C	0.58%
CCI	D	0.58%
FIS	A	0.53%
LHX	A	0.52%
PEG	A	0.51%
LEN	C	0.5%
KMI	A	0.49%
PCG	C	0.48%
A	B	0.48%
CTVA	A	0.46%
EXC	C	0.46%
SPG	A	0.46%
MCHP	F	0.46%
AME	C	0.44%
CTSH	B	0.43%
EA	D	0.43%
DOW	B	0.43%
HWM	A	0.43%
IQV	F	0.42%
EXR	D	0.42%
ROST	D	0.42%
FERG	F	0.42%
CBRE	C	0.42%
XEL	C	0.41%
ED	C	0.41%
NUE	D	0.41%
DD	C	0.41%
DFS	A	0.38%
GLW	C	0.38%
VICI	C	0.38%
EIX	C	0.37%
WAB	A	0.36%
XYL	C	0.36%
MLM	F	0.35%
MTD	C	0.35%
AVB	C	0.35%
NDAQ	C	0.34%
CSGP	F	0.34%
ON	F	0.34%
WEC	B	0.34%
WTW	C	0.34%
PAYX	B	0.33%
PHM	C	0.33%
PWR	A	0.33%
ETR	A	0.32%
AWK	D	0.32%
NVR	C	0.32%
EFX	D	0.32%
MTB	A	0.32%
FTV	C	0.31%
ANSS	D	0.31%
HLT	A	0.31%
ROK	D	0.31%
EQR	C	0.31%
DTE	B	0.3%
RCL	B	0.3%
KEYS	B	0.3%
CHD	D	0.29%
FSLR	C	0.29%
FE	C	0.29%
VTR	C	0.29%
TTWO	D	0.29%
STT	A	0.29%
PPL	C	0.28%
WY	C	0.28%
SW	C	0.28%
ES	D	0.27%
MSTR	B	0.27%
VMC	D	0.27%
HUBB	A	0.26%
RJF	B	0.26%
AEE	A	0.26%
TROW	D	0.26%
WDC	C	0.25%
ZBH	F	0.25%
CINF	A	0.24%
CMS	A	0.24%
COO	C	0.24%
SQ	D	0.24%
INVH	D	0.24%
FCNCA	D	0.24%
ARE	D	0.23%
ILMN	B	0.23%
ATO	A	0.23%
STLD	C	0.22%
SYF	A	0.22%
GPC	D	0.22%
PFG	A	0.22%
WBD	F	0.22%
EQT	C	0.22%
MAA	D	0.21%
LH	D	0.21%
UAL	A	0.21%
MAS	C	0.21%
DG	F	0.21%
ESS	D	0.21%
TRU	C	0.21%
CNP	B	0.21%
PKG	B	0.21%
NTRS	B	0.2%
LUV	B	0.2%
CCL	C	0.2%
CFG	C	0.2%
SUI	D	0.19%
RS	D	0.19%
WSO	C	0.19%
NI	A	0.18%
LNT	B	0.18%
TOL	C	0.18%
CF	A	0.18%
DOC	C	0.18%
FNF	C	0.18%
TXT	F	0.18%
UDR	C	0.17%
IRM	B	0.17%
NDSN	C	0.17%
TRMB	B	0.17%
HOOD	B	0.17%
AKAM	D	0.17%
KEY	B	0.17%
EXPD	D	0.17%
KIM	C	0.17%
RVTY	C	0.17%
BRO	A	0.16%
DLTR	F	0.16%
AES	C	0.16%
GGG	C	0.16%
IBKR	A	0.16%
CDW	D	0.16%
ZBRA	B	0.16%
ELS	D	0.15%
REG	C	0.15%
BMRN	F	0.15%
WPC	C	0.15%
GLPI	C	0.15%
HES	D	0.15%
EVRG	C	0.15%
TECH	D	0.14%
HST	D	0.14%
CLH	B	0.14%
CVNA	A	0.14%
BXP	B	0.14%
SJM	D	0.14%
CPT	C	0.14%
CHRW	C	0.14%
AMH	D	0.14%
SCI	D	0.13%
CASY	D	0.13%
TFX	C	0.13%
COHR	B	0.13%
CUBE	C	0.13%
PFGC	A	0.12%
Z	C	0.12%
PNW	C	0.12%
HII	F	0.12%
ATR	A	0.12%
REXR	D	0.12%
CTLT	A	0.12%
ALB	D	0.12%
RPRX	D	0.12%
CG	B	0.11%
EHC	C	0.11%
WTRG	D	0.11%
CNH	C	0.11%
NTNX	C	0.11%
NLY	C	0.11%
CRL	F	0.11%
OHI	C	0.11%
NWSA	D	0.11%
FWONK	D	0.11%
EPAM	F	0.11%
WWD	C	0.11%
WST	D	0.1%
LAMR	C	0.1%
RIVN	F	0.1%
FYBR	C	0.1%
JLL	C	0.1%
TWLO	B	0.1%
NNN	C	0.1%
TW	A	0.1%
ORI	A	0.1%
EGP	D	0.1%
NYT	C	0.1%
AFRM	C	0.1%
WAL	C	0.1%
EVR	C	0.1%
MGM	D	0.1%
SF	A	0.1%
APA	F	0.1%
FRT	D	0.1%
AGNC	B	0.09%
HLI	A	0.09%
CR	A	0.09%
WBS	D	0.09%
DTM	A	0.09%
ALGN	D	0.09%
JEF	A	0.09%
X	F	0.09%
CMA	C	0.09%
CHE	D	0.09%
GMED	B	0.09%
COLD	D	0.09%
ROKU	C	0.09%
VOYA	A	0.09%
CHRD	F	0.09%
FCN	C	0.09%
BWXT	A	0.09%
FHN	D	0.09%
FND	C	0.09%
GWRE	A	0.09%
OGE	C	0.09%
PTC	B	0.09%
KNX	D	0.09%
DAY	C	0.09%
GME	D	0.09%
ALLY	F	0.09%
AR	C	0.09%
WAT	B	0.09%
BRX	C	0.09%
RHI	D	0.08%
HR	D	0.08%
WMS	D	0.08%
FLS	A	0.08%
CBSH	D	0.08%
BFAM	C	0.08%
SEIC	B	0.08%
VNO	B	0.08%
G	A	0.08%
CART	B	0.08%
FICO	C	0.08%
RGEN	F	0.08%
STAG	D	0.08%
BBWI	F	0.08%
PNFP	B	0.08%
HRB	C	0.08%
KEX	C	0.08%
PR	D	0.08%
RRC	D	0.08%
FR	D	0.08%
ONTO	B	0.08%
APG	F	0.08%
ADC	C	0.08%
EXAS	C	0.08%
OLLI	C	0.07%
GXO	D	0.07%
ESI	C	0.07%
MTSI	B	0.07%
BPOP	D	0.07%
RLI	A	0.07%
R	C	0.07%
WBA	F	0.07%
STWD	C	0.07%
PARA	F	0.07%
PB	D	0.07%
LW	D	0.07%
IVZ	A	0.07%
AZPN	A	0.07%
FAST	C	0.07%
OKTA	F	0.07%
OSK	F	0.07%
MAT	B	0.07%
CGNX	F	0.07%
MKSI	F	0.07%
LSTR	F	0.07%
SOFI	C	0.07%
FAF	C	0.07%
LBRDK	C	0.07%
CCCS	D	0.06%
HXL	F	0.06%
W	C	0.06%
WLK	C	0.06%
KD	D	0.06%
FOX	B	0.06%
OMF	D	0.06%
UGI	C	0.06%
COIN	F	0.06%
IDA	D	0.06%
ST	F	0.06%
S	C	0.06%
MTDR	D	0.06%
AMG	B	0.06%
SIRI	C	0.06%
SRCL	B	0.06%
RITM	D	0.06%
OLN	D	0.06%
WHR	C	0.06%
BEN	F	0.06%
ACHC	F	0.06%
ALK	C	0.06%
SN	A	0.06%
RH	C	0.05%
UHAL	C	0.05%
LITE	A	0.05%
AMP	A	0.05%
SITE	D	0.05%
PII	D	0.05%
SLGN	B	0.05%
FRPT	A	0.05%
WTM	C	0.05%
CUZ	C	0.05%
DLB	D	0.05%
KRC	C	0.05%
AL	D	0.05%
RYN	C	0.05%
OLED	B	0.05%
LINE	F	0.05%
SAIA	D	0.05%
PSN	A	0.05%
SLM	B	0.05%
FNB	D	0.05%
ROIV	D	0.05%
JHG	A	0.05%
DOCS	A	0.05%
ZI	F	0.04%
NWS	D	0.04%
AMTM	D	0.04%
PLNT	B	0.04%
AMKR	F	0.04%
NSA	D	0.04%
VNOM	A	0.04%
SPR	D	0.04%
PRGO	F	0.04%
MPW	C	0.04%
HIW	C	0.04%
COTY	F	0.04%
LBTYK	C	0.04%
DNB	D	0.04%
LBTYA	C	0.04%
U	D	0.04%
EPR	C	0.04%
TPG	A	0.04%
KMPR	D	0.04%
TYL	D	0.04%
CIVI	F	0.04%
IAC	C	0.04%
AWI	A	0.04%
HUN	B	0.04%
ALNY	C	0.04%
BILL	D	0.04%
AAP	F	0.03%
ENOV	F	0.03%
MP	C	0.03%
EXP	C	0.03%
KSS	D	0.03%
BOKF	B	0.03%
QDEL	D	0.03%
CNXC	F	0.03%
LLYVK	B	0.03%
HHH	C	0.03%
SHC	C	0.03%
YETI	C	0.03%
VIRT	B	0.03%
AZTA	F	0.03%
VAC	D	0.03%
CWEN	C	0.03%
AGR	C	0.03%
BRKR	D	0.03%
CLVT	D	0.03%
RKT	D	0.03%
ALGM	F	0.03%
CC	D	0.03%
PENN	D	0.03%
FHB	D	0.03%
LCID	F	0.03%
PK	D	0.03%
ZG	C	0.03%
TNL	B	0.03%
AMED	D	0.03%
CERT	F	0.02%
LYFT	D	0.02%
TRIP	D	0.02%
INFA	D	0.02%
FTRE	F	0.02%
UAA	B	0.02%
GO	F	0.02%
TER	C	0.02%
LEG	D	0.02%
QS	F	0.02%
BIRK	F	0.02%
PSTG	F	0.02%
VSTS	D	0.02%
LEN	C	0.02%
PINC	F	0.02%
GLOB	D	0.02%
ADT	D	0.02%
BROS	F	0.02%
RCM	B	0.02%
IONS	F	0.01%
CHH	A	0.01%
PLTK	C	0.01%
CACC	F	0.01%
TFSL	D	0.01%
PATH	D	0.01%
TXG	F	0.01%
SEB	F	0.01%
PYCR	D	0.01%
LSCC	D	0.01%
CAR	D	0.01%
AS	B	0.01%
CWEN	C	0.01%
LBRDA	C	0.01%
NCNO	F	0.01%
LLYVA	B	0.01%
HCP	A	0.01%
DV	F	0.01%
FWONA	C	0.01%
ALAB	C	0.01%
WOLF	F	0.01%
EXEL	B	0.01%
SNDR	D	0.01%
SEG	F	0.0%
LOAR	B	0.0%
PARAA	D	0.0%
NFE	F	0.0%
UWMC	D	0.0%
GRAL	F	0.0%
LAZ	C	0.0%
DJT	F	0.0%
UHAL	C	0.0%

IWS Underweight 203 Positions Relative to GVLU

Symbol	Grade	Weight
LNTH	C	-0.5%
PGR	B	-0.49%
T	B	-0.46%
ALKS	B	-0.46%
VZ	C	-0.46%
NSIT	B	-0.46%
ESGR	C	-0.45%
SMPL	D	-0.45%
MMM	C	-0.44%
PLXS	A	-0.43%
MO	D	-0.42%
WHD	A	-0.42%
IDCC	A	-0.42%
KTB	C	-0.41%
BCO	C	-0.41%
PRMW	B	-0.41%
KHC	F	-0.4%
MMS	C	-0.4%
LEVI	C	-0.4%
VLO	F	-0.4%
CBT	B	-0.4%
SLVM	C	-0.39%
SKYW	B	-0.39%
PYPL	A	-0.38%
EOG	B	-0.37%
HP	D	-0.37%
ABM	D	-0.37%
GILD	A	-0.37%
GFF	C	-0.37%
ADTN	C	-0.36%
CMCSA	B	-0.36%
KMB	D	-0.35%
TRV	B	-0.34%
CME	A	-0.34%
CI	D	-0.34%
DORM	C	-0.34%
COP	D	-0.34%
ELV	F	-0.33%
NKE	D	-0.33%
ANF	D	-0.33%
TMUS	A	-0.32%
FTDR	B	-0.32%
CAT	A	-0.31%
CB	A	-0.31%
URBN	F	-0.31%
LRN	D	-0.3%
CEIX	B	-0.3%
SWX	C	-0.3%
TGT	C	-0.29%
CVS	D	-0.29%
GOLF	F	-0.29%
ASO	D	-0.29%
FDX	F	-0.28%
CHX	C	-0.28%
OTEX	D	-0.27%
LCII	C	-0.27%
PRIM	A	-0.26%
ACLS	F	-0.26%
CNK	D	-0.26%
MWA	A	-0.25%
COR	F	-0.24%
KNSL	B	-0.24%
GMS	B	-0.23%
ASGN	D	-0.23%
DIS	D	-0.23%
FUL	F	-0.22%
CALM	A	-0.22%
UNH	B	-0.22%
BRC	C	-0.21%
EQH	B	-0.21%
NSP	F	-0.2%
KWR	F	-0.2%
MCY	B	-0.2%
MUR	F	-0.2%
JNJ	D	-0.2%
TNET	D	-0.19%
KFY	C	-0.19%
FELE	C	-0.19%
QCOM	D	-0.19%
TEX	F	-0.19%
AVNT	C	-0.19%
CMC	D	-0.18%
LOW	C	-0.18%
MRK	F	-0.18%
GM	D	-0.18%
MPC	D	-0.18%
PBH	D	-0.18%
ALE	A	-0.17%
FI	A	-0.17%
CSX	D	-0.17%
MDLZ	D	-0.17%
WMG	D	-0.17%
SM	D	-0.17%
SEM	D	-0.17%
LULU	D	-0.16%
QGEN	F	-0.16%
AIT	B	-0.16%
FN	B	-0.16%
HUBG	D	-0.16%
LMT	A	-0.16%
SANM	D	-0.16%
BDC	A	-0.16%
SLB	D	-0.16%
LANC	F	-0.15%
LBRT	D	-0.15%
CNO	B	-0.15%
CVX	B	-0.14%
JCI	C	-0.14%
SXT	C	-0.14%
BDX	C	-0.14%
GPI	C	-0.14%
KDP	C	-0.14%
AZO	D	-0.13%
CELH	F	-0.13%
IGT	F	-0.12%
EXPE	B	-0.12%
ENS	B	-0.12%
ATGE	D	-0.12%
ACIW	A	-0.12%
MDT	C	-0.12%
CLX	C	-0.11%
ICFI	C	-0.11%
KNF	B	-0.11%
ACT	B	-0.11%
HAFN	B	-0.11%
BMY	A	-0.11%
USM	B	-0.11%
RYAN	A	-0.11%
DVA	C	-0.11%
MAR	A	-0.11%
FOUR	A	-0.1%
TGNA	B	-0.1%
FG	B	-0.1%
PEP	F	-0.1%
CL	D	-0.1%
WFG	C	-0.1%
TPX	C	-0.09%
V	B	-0.09%
IBOC	D	-0.09%
MMC	D	-0.09%
SIG	C	-0.08%
AON	A	-0.08%
ATKR	F	-0.08%
PSX	D	-0.08%
SHOO	A	-0.07%
OXY	D	-0.07%
VRRM	D	-0.07%
QLYS	F	-0.07%
WFRD	F	-0.07%
MCK	F	-0.06%
BKNG	B	-0.06%
IOSP	F	-0.06%
PM	D	-0.06%
EL	D	-0.06%
CPAY	A	-0.06%
NOC	B	-0.05%
ITW	C	-0.05%
ONB	D	-0.05%
HALO	D	-0.05%
WOR	F	-0.05%
RBA	D	-0.05%
UNF	A	-0.04%
MTX	C	-0.04%
KO	C	-0.04%
HON	C	-0.04%
NFLX	A	-0.04%
LVS	B	-0.04%
UFPI	C	-0.03%
NPO	C	-0.03%
GPOR	B	-0.03%
WDFC	B	-0.03%
MCD	A	-0.03%
TDC	D	-0.03%
FIZZ	F	-0.03%
VC	F	-0.02%
VVV	D	-0.02%
VRT	B	-0.02%
SHW	C	-0.02%
CSCO	A	-0.02%
FLR	B	-0.02%
AEO	C	-0.02%
MATX	C	-0.02%
ICUI	B	-0.02%
ACN	B	-0.02%
TAC	A	-0.02%
PNC	C	-0.02%
MNST	D	-0.01%
IESC	A	-0.01%
TFC	D	-0.01%
IBP	C	-0.01%
PH	A	-0.01%
ARCH	D	-0.01%
JJSF	C	-0.01%
IFS	B	-0.01%
DOOO	F	-0.01%
CATY	B	-0.01%
ITRI	C	-0.01%
FULT	D	-0.0%
VLY	C	-0.0%
BOOT	B	-0.0%
ABG	D	-0.0%
KLAC	B	-0.0%
CSWI	A	-0.0%