IWS vs. JPME ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

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

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$106.75

Average Daily Volume

9,873

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	IWS	JPME
30 Days	1.53%	1.20%
60 Days	4.98%	4.33%
90 Days	7.44%	6.99%
12 Months	28.97%	27.01%

319 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in JPME	Overlap
	A	F	0.43%	0.3%	0.3%
	ACGL	C	0.4%	0.11%	0.11%
	ACHC	F	0.04%	0.18%	0.04%
	ACI	C	0.09%	0.3%	0.09%
	ADM	F	0.27%	0.3%	0.27%
	AEE	B	0.26%	0.02%	0.02%
	AFG	A	0.11%	0.18%	0.11%
	AFL	C	0.66%	0.37%	0.37%
	AGO	B	0.05%	0.23%	0.05%
	AJG	A	0.64%	0.36%	0.36%
	AKAM	F	0.15%	0.14%	0.14%
	ALLY	C	0.1%	0.12%	0.1%
	ALSN	B	0.11%	0.51%	0.11%
	AM	B	0.04%	0.4%	0.04%
	AME	A	0.48%	0.38%	0.38%
	AMH	C	0.13%	0.26%	0.13%
	AMP	A	0.05%	0.48%	0.05%
	AN	C	0.05%	0.32%	0.05%
	ANSS	B	0.32%	0.33%	0.32%
	AOS	F	0.1%	0.29%	0.1%
	APA	F	0.09%	0.15%	0.09%
	AR	B	0.09%	0.28%	0.09%
	ASH	F	0.04%	0.29%	0.04%
	ATO	B	0.23%	0.4%	0.23%
	ATR	A	0.13%	0.01%	0.01%
	AVB	B	0.36%	0.37%	0.36%
	AVT	C	0.06%	0.15%	0.06%
	AVY	F	0.11%	0.3%	0.11%
	AXS	A	0.07%	0.15%	0.07%
	AYI	A	0.11%	0.09%	0.09%
	BBY	C	0.21%	0.29%	0.21%
	BG	D	0.13%	0.32%	0.13%
	BIIB	F	0.27%	0.05%	0.05%
	BKR	B	0.47%	0.18%	0.18%
	BLDR	C	0.21%	0.33%	0.21%
	BPOP	C	0.07%	0.31%	0.07%
	BRBR	A	0.1%	0.34%	0.1%
	BRKR	F	0.03%	0.22%	0.03%
	BRO	B	0.16%	0.17%	0.16%
	BRX	A	0.09%	0.39%	0.09%
	BWA	B	0.08%	0.14%	0.08%
	BYD	A	0.06%	0.26%	0.06%
	CACI	C	0.14%	0.45%	0.14%
	CAG	F	0.15%	0.33%	0.15%
	CAH	B	0.13%	0.37%	0.13%
	CASY	B	0.14%	0.41%	0.14%
	CBOE	D	0.22%	0.36%	0.22%
	CBRE	B	0.45%	0.42%	0.42%
	CC	C	0.03%	0.0%	0.0%
	CDW	F	0.14%	0.29%	0.14%
	CE	F	0.07%	0.24%	0.07%
	CF	B	0.17%	0.39%	0.17%
	CFG	B	0.22%	0.11%	0.11%
	CHD	A	0.28%	0.32%	0.28%
	CHE	D	0.08%	0.32%	0.08%
	CHTR	B	0.4%	0.4%	0.4%
	CIEN	B	0.11%	0.5%	0.11%
	CLF	F	0.05%	0.34%	0.05%
	CLH	B	0.14%	0.42%	0.14%
	CMA	A	0.1%	0.07%	0.07%
	CMI	A	0.53%	0.45%	0.45%
	CMS	D	0.22%	0.37%	0.22%
	CNA	C	0.01%	0.0%	0.0%
	CNC	F	0.34%	0.26%	0.26%
	CNM	D	0.03%	0.39%	0.03%
	CNXC	F	0.02%	0.06%	0.02%
	COKE	C	0.08%	0.33%	0.08%
	CPB	F	0.09%	0.33%	0.09%
	CPT	C	0.14%	0.19%	0.14%
	CR	B	0.09%	0.05%	0.05%
	CRI	D	0.02%	0.04%	0.02%
	CROX	F	0.05%	0.22%	0.05%
	CRUS	F	0.06%	0.28%	0.06%
	CSL	B	0.19%	0.42%	0.19%
	CTRA	B	0.2%	0.32%	0.2%
	CTVA	C	0.44%	0.32%	0.32%
	CUBE	D	0.12%	0.34%	0.12%
	CUZ	B	0.05%	0.15%	0.05%
	CWEN	D	0.03%	0.23%	0.03%
	CWEN	D	0.01%	0.23%	0.01%
	CXT	F	0.03%	0.1%	0.03%
	DFS	B	0.47%	0.15%	0.15%
	DGX	B	0.19%	0.38%	0.19%
	DHI	D	0.54%	0.33%	0.33%
	DINO	D	0.07%	0.34%	0.07%
	DKS	D	0.11%	0.35%	0.11%
	DLB	D	0.05%	0.22%	0.05%
	DOX	C	0.11%	0.32%	0.11%
	DRI	B	0.1%	0.26%	0.1%
	DTE	D	0.26%	0.37%	0.26%
	DTM	A	0.1%	0.48%	0.1%
	DVN	F	0.27%	0.27%	0.27%
	ED	D	0.37%	0.36%	0.36%
	EG	D	0.14%	0.31%	0.14%
	EGP	D	0.09%	0.24%	0.09%
	EHC	B	0.11%	0.41%	0.11%
	EIX	C	0.34%	0.35%	0.34%
	ELAN	C	0.07%	0.14%	0.07%
	EME	B	0.16%	0.38%	0.16%
	EMN	D	0.13%	0.4%	0.13%
	EPR	D	0.04%	0.33%	0.04%
	EQR	C	0.3%	0.28%	0.28%
	ESI	B	0.07%	0.4%	0.07%
	ESS	C	0.21%	0.3%	0.21%
	ETR	B	0.34%	0.45%	0.34%
	EVRG	A	0.15%	0.38%	0.15%
	EXC	C	0.41%	0.28%	0.28%
	EXEL	B	0.02%	0.44%	0.02%
	EXP	B	0.03%	0.21%	0.03%
	EXPD	C	0.15%	0.22%	0.15%
	FANG	C	0.37%	0.38%	0.37%
	FAST	B	0.08%	0.42%	0.08%
	FBIN	F	0.11%	0.36%	0.11%
	FCNCA	B	0.28%	0.45%	0.28%
	FE	D	0.26%	0.35%	0.26%
	FITB	A	0.34%	0.18%	0.18%
	FLO	F	0.04%	0.27%	0.04%
	FMC	F	0.08%	0.23%	0.08%
	FNB	B	0.06%	0.07%	0.06%
	FNF	C	0.17%	0.17%	0.17%
	FR	D	0.08%	0.24%	0.08%
	FRPT	B	0.05%	0.28%	0.05%
	FRT	B	0.1%	0.18%	0.1%
	FTRE	D	0.02%	0.03%	0.02%
	FYBR	D	0.09%	0.37%	0.09%
	GEHC	D	0.37%	0.07%	0.07%
	GEN	B	0.17%	0.32%	0.17%
	GGG	B	0.16%	0.35%	0.16%
	GIS	F	0.4%	0.33%	0.33%
	GLPI	D	0.14%	0.35%	0.14%
	GLW	B	0.4%	0.18%	0.18%
	GNTX	C	0.08%	0.3%	0.08%
	GO	C	0.02%	0.05%	0.02%
	GRMN	A	0.36%	0.43%	0.36%
	GWW	B	0.07%	0.44%	0.07%
	HAL	C	0.28%	0.26%	0.26%
	HBAN	A	0.27%	0.4%	0.27%
	HIG	C	0.37%	0.38%	0.37%
	HIW	D	0.04%	0.31%	0.04%
	HOG	D	0.04%	0.02%	0.02%
	HOLX	D	0.19%	0.33%	0.19%
	HPE	B	0.31%	0.34%	0.31%
	HPQ	B	0.3%	0.31%	0.3%
	HRB	D	0.07%	0.35%	0.07%
	HRL	F	0.1%	0.26%	0.1%
	HSIC	F	0.09%	0.31%	0.09%
	HST	D	0.14%	0.33%	0.14%
	HSY	F	0.24%	0.2%	0.2%
	HUBB	C	0.27%	0.46%	0.27%
	HUN	F	0.04%	0.24%	0.04%
	HXL	F	0.05%	0.05%	0.05%
	IDA	A	0.06%	0.23%	0.06%
	IEX	B	0.19%	0.05%	0.05%
	IFF	F	0.26%	0.28%	0.26%
	INCY	B	0.14%	0.28%	0.14%
	INGR	B	0.11%	0.41%	0.11%
	IP	B	0.22%	0.47%	0.22%
	IPG	F	0.12%	0.03%	0.03%
	IQV	F	0.38%	0.3%	0.3%
	IRDM	B	0.03%	0.24%	0.03%
	IRM	D	0.16%	0.39%	0.16%
	ITT	A	0.14%	0.17%	0.14%
	JAZZ	B	0.08%	0.24%	0.08%
	JBL	C	0.15%	0.34%	0.15%
	JEF	B	0.1%	0.48%	0.1%
	JLL	C	0.1%	0.38%	0.1%
	JNPR	D	0.14%	0.38%	0.14%
	K	A	0.23%	0.38%	0.23%
	KEY	B	0.19%	0.1%	0.1%
	KEYS	C	0.31%	0.17%	0.17%
	KIM	A	0.18%	0.35%	0.18%
	KMI	B	0.56%	0.46%	0.46%
	KR	A	0.43%	0.43%	0.43%
	KRC	C	0.05%	0.29%	0.05%
	KSS	D	0.02%	0.01%	0.01%
	KVUE	A	0.49%	0.31%	0.31%
	L	A	0.16%	0.25%	0.16%
	LAMR	D	0.09%	0.4%	0.09%
	LBRDK	C	0.09%	0.1%	0.09%
	LDOS	C	0.29%	0.47%	0.29%
	LECO	C	0.09%	0.31%	0.09%
	LEN	D	0.45%	0.35%	0.35%
	LEN	D	0.02%	0.35%	0.02%
	LH	B	0.22%	0.31%	0.22%
	LITE	B	0.06%	0.33%	0.06%
	LNG	B	0.25%	0.41%	0.25%
	LNT	C	0.16%	0.36%	0.16%
	LPX	A	0.02%	0.26%	0.02%
	LSTR	B	0.07%	0.31%	0.07%
	LYB	F	0.24%	0.33%	0.24%
	M	C	0.05%	0.15%	0.05%
	MAA	C	0.2%	0.24%	0.2%
	MAS	D	0.19%	0.32%	0.19%
	MCHP	F	0.42%	0.23%	0.23%
	MGM	D	0.09%	0.22%	0.09%
	MKC	D	0.21%	0.29%	0.21%
	MOH	F	0.08%	0.31%	0.08%
	MOS	D	0.1%	0.3%	0.1%
	MRO	B	0.17%	0.4%	0.17%
	MSM	C	0.04%	0.34%	0.04%
	MTB	A	0.38%	0.31%	0.31%
	MTG	C	0.07%	0.37%	0.07%
	NDSN	B	0.16%	0.06%	0.06%
	NEU	C	0.04%	0.31%	0.04%
	NFG	D	0.06%	0.37%	0.06%
	NI	A	0.17%	0.39%	0.17%
	NNN	F	0.08%	0.21%	0.08%
	NRG	C	0.13%	0.45%	0.13%
	NSA	D	0.03%	0.09%	0.03%
	NTAP	D	0.15%	0.35%	0.15%
	NUE	D	0.41%	0.35%	0.35%
	NVR	D	0.29%	0.36%	0.29%
	NVST	C	0.04%	0.05%	0.04%
	NVT	C	0.14%	0.19%	0.14%
	NXST	C	0.03%	0.39%	0.03%
	OC	A	0.18%	0.38%	0.18%
	OGE	B	0.09%	0.4%	0.09%
	OHI	C	0.11%	0.37%	0.11%
	OKE	A	0.68%	0.42%	0.42%
	OLN	F	0.06%	0.29%	0.06%
	OMC	A	0.22%	0.28%	0.22%
	OMF	A	0.07%	0.44%	0.07%
	ON	F	0.33%	0.26%	0.26%
	ORI	A	0.1%	0.39%	0.1%
	OVV	C	0.12%	0.25%	0.12%
	PAG	B	0.03%	0.34%	0.03%
	PAYC	B	0.05%	0.04%	0.04%
	PAYX	B	0.33%	0.27%	0.27%
	PB	B	0.08%	0.07%	0.07%
	PCG	A	0.48%	0.37%	0.37%
	PEG	C	0.46%	0.39%	0.39%
	PFG	C	0.21%	0.05%	0.05%
	PFGC	B	0.12%	0.41%	0.12%
	PHM	D	0.3%	0.37%	0.3%
	PINC	B	0.03%	0.14%	0.03%
	PK	C	0.03%	0.34%	0.03%
	PKG	B	0.23%	0.42%	0.23%
	PNW	A	0.11%	0.38%	0.11%
	POST	D	0.06%	0.35%	0.06%
	PPC	C	0.02%	0.43%	0.02%
	PPL	A	0.27%	0.38%	0.27%
	PR	C	0.08%	0.38%	0.08%
	PRI	B	0.11%	0.21%	0.11%
	PWR	B	0.36%	0.43%	0.36%
	QRVO	F	0.07%	0.13%	0.07%
	R	B	0.08%	0.26%	0.08%
	RBC	B	0.1%	0.31%	0.1%
	REG	A	0.15%	0.36%	0.15%
	REXR	F	0.1%	0.19%	0.1%
	REYN	D	0.02%	0.17%	0.02%
	RF	A	0.26%	0.17%	0.17%
	RGA	A	0.16%	0.4%	0.16%
	RGLD	C	0.11%	0.3%	0.11%
	RHI	B	0.08%	0.07%	0.07%
	RMD	C	0.29%	0.37%	0.29%
	ROKU	C	0.09%	0.36%	0.09%
	ROST	D	0.39%	0.3%	0.3%
	RPM	A	0.14%	0.4%	0.14%
	RPRX	F	0.11%	0.22%	0.11%
	RRC	B	0.09%	0.28%	0.09%
	RS	C	0.2%	0.39%	0.2%
	RVTY	C	0.16%	0.27%	0.16%
	RYN	F	0.05%	0.15%	0.05%
	SAIC	D	0.08%	0.33%	0.08%
	SAM	B	0.02%	0.26%	0.02%
	SCI	B	0.13%	0.15%	0.13%
	SJM	F	0.13%	0.3%	0.13%
	SLGN	B	0.05%	0.1%	0.05%
	SLM	A	0.05%	0.17%	0.05%
	SMG	D	0.03%	0.25%	0.03%
	SNA	A	0.2%	0.43%	0.2%
	SNX	C	0.1%	0.3%	0.1%
	SON	F	0.05%	0.14%	0.05%
	SPB	A	0.03%	0.35%	0.03%
	SPG	A	0.47%	0.39%	0.39%
	SSNC	C	0.17%	0.35%	0.17%
	STAG	D	0.07%	0.3%	0.07%
	STE	D	0.23%	0.32%	0.23%
	STLD	C	0.24%	0.46%	0.24%
	STWD	C	0.07%	0.22%	0.07%
	SWKS	F	0.15%	0.26%	0.15%
	SYF	B	0.27%	0.53%	0.27%
	SYY	D	0.16%	0.28%	0.16%
	TAP	B	0.11%	0.38%	0.11%
	TECH	D	0.13%	0.06%	0.06%
	TER	F	0.02%	0.28%	0.02%
	TFX	F	0.1%	0.09%	0.09%
	THC	B	0.17%	0.39%	0.17%
	THO	B	0.06%	0.14%	0.06%
	TKR	F	0.05%	0.36%	0.05%
	TNL	A	0.04%	0.07%	0.04%
	TOL	B	0.17%	0.41%	0.17%
	TPR	A	0.13%	0.36%	0.13%
	TSN	B	0.18%	0.33%	0.18%
	TXT	D	0.18%	0.14%	0.14%
	TYL	B	0.04%	0.38%	0.04%
	UGI	D	0.05%	0.37%	0.05%
	UHS	D	0.13%	0.33%	0.13%
	UI	B	0.01%	0.18%	0.01%
	UNM	A	0.14%	0.48%	0.14%
	USFD	B	0.17%	0.43%	0.17%
	UTHR	B	0.19%	0.43%	0.19%
	VICI	D	0.35%	0.33%	0.33%
	VIRT	B	0.03%	0.04%	0.03%
	VTRS	B	0.17%	0.35%	0.17%
	WEC	B	0.33%	0.38%	0.33%
	WEN	C	0.02%	0.14%	0.02%
	WLK	F	0.05%	0.34%	0.05%
	WMB	B	0.74%	0.47%	0.47%
	WPC	F	0.13%	0.22%	0.13%
	WSM	F	0.07%	0.31%	0.07%
	WST	B	0.1%	0.27%	0.1%
	WTM	A	0.05%	0.13%	0.05%
	WU	F	0.03%	0.04%	0.03%
	WY	F	0.25%	0.31%	0.25%
	X	D	0.1%	0.38%	0.1%
	XEL	A	0.41%	0.39%	0.39%
	XRAY	F	0.04%	0.12%	0.04%
	ZION	B	0.09%	0.1%	0.09%

IWS Overweight 387 Positions Relative to JPME

	Symbol	Grade	Weight
	DLR	C	0.64%
	BK	B	0.62%
	FIS	B	0.54%
	O	D	0.54%
	LHX	B	0.53%
	CCI	F	0.5%
	URI	B	0.48%
	HWM	B	0.47%
	ALL	B	0.47%
	PRU	B	0.47%
	EA	A	0.46%
	IR	A	0.45%
	OTIS	D	0.44%
	DAL	A	0.43%
	MSTR	B	0.43%
	CTSH	A	0.43%
	FERG	B	0.42%
	MLM	B	0.39%
	HUM	D	0.38%
	RCL	A	0.38%
	EXR	D	0.38%
	WAB	B	0.38%
	DD	D	0.38%
	WTW	A	0.35%
	NDAQ	B	0.35%
	DOW	F	0.35%
	EBAY	C	0.34%
	CSGP	F	0.34%
	RJF	A	0.33%
	XYL	F	0.33%
	TTWO	A	0.33%
	PPG	F	0.32%
	HLT	A	0.32%
	GPN	B	0.31%
	ROK	B	0.31%
	STT	B	0.31%
	UAL	A	0.31%
	VMC	B	0.31%
	MTD	F	0.3%
	DOV	A	0.3%
	VTR	C	0.29%
	FTV	C	0.29%
	AWK	D	0.29%
	EFX	F	0.29%
	SW	B	0.29%
	TROW	A	0.28%
	YUM	B	0.26%
	CCL	B	0.26%
	SQ	B	0.26%
	SBAC	D	0.26%
	ILMN	C	0.26%
	EQT	B	0.25%
	WDC	D	0.25%
	CINF	A	0.25%
	ZBH	C	0.24%
	WBD	B	0.24%
	TDY	B	0.24%
	EXE	A	0.23%
	NTRS	A	0.23%
	ZM	B	0.23%
	ES	D	0.23%
	COO	D	0.22%
	HOOD	B	0.22%
	INVH	D	0.22%
	FSLR	F	0.22%
	LUV	B	0.21%
	CNP	B	0.21%
	MSCI	B	0.21%
	TRU	D	0.21%
	ARE	F	0.21%
	J	D	0.2%
	WSO	B	0.2%
	BALL	D	0.2%
	CVNA	B	0.19%
	PNR	A	0.19%
	BAX	F	0.19%
	TRMB	B	0.19%
	WRB	B	0.19%
	IBKR	A	0.19%
	MKL	A	0.18%
	DG	F	0.18%
	GPC	D	0.18%
	APTV	F	0.17%
	AVTR	F	0.17%
	SUI	F	0.17%
	JBHT	C	0.17%
	DOC	C	0.17%
	ZBRA	B	0.17%
	COHR	C	0.16%
	VRSN	C	0.16%
	UDR	C	0.16%
	CW	C	0.16%
	AMCR	D	0.16%
	ACM	B	0.16%
	RNR	D	0.15%
	SWK	F	0.15%
	HES	B	0.15%
	EWBC	B	0.15%
	FFIV	B	0.15%
	VLTO	D	0.15%
	ALLE	D	0.14%
	CHRW	A	0.14%
	TWLO	B	0.14%
	BMRN	F	0.14%
	BXP	D	0.14%
	JKHY	C	0.14%
	ELS	B	0.14%
	RRX	B	0.13%
	Z	B	0.13%
	FDS	A	0.13%
	ALB	C	0.13%
	BJ	B	0.13%
	EPAM	B	0.13%
	NTNX	B	0.13%
	FTI	B	0.13%
	DLTR	F	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%
	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%
	NWSA	B	0.12%
	SOFI	B	0.12%
	SF	A	0.12%
	CG	B	0.12%
	WAL	B	0.11%
	GL	B	0.11%
	TTEK	F	0.11%
	WBS	A	0.11%
	WTRG	C	0.11%
	NLY	C	0.11%
	LKQ	C	0.11%
	SOLV	C	0.11%
	LAD	B	0.11%
	MKTX	C	0.11%
	FOXA	A	0.11%
	ARMK	B	0.11%
	DPZ	C	0.11%
	GWRE	A	0.1%
	GPK	D	0.1%
	RIVN	F	0.1%
	KBR	D	0.1%
	CZR	F	0.1%
	HLI	B	0.1%
	TTC	F	0.1%
	AXTA	A	0.1%
	WAT	B	0.1%
	RL	B	0.1%
	PTC	B	0.1%
	WCC	B	0.1%
	NYT	C	0.1%
	GMED	B	0.1%
	BWXT	B	0.1%
	MTZ	B	0.1%
	PNFP	B	0.1%
	CNH	D	0.1%
	TW	B	0.1%
	GME	C	0.1%
	DCI	A	0.1%
	KNX	C	0.1%
	AES	F	0.1%
	MTCH	F	0.09%
	FLS	B	0.09%
	LW	B	0.09%
	SEIC	A	0.09%
	WYNN	C	0.09%
	HII	F	0.09%
	VNO	C	0.09%
	G	B	0.09%
	SNV	B	0.09%
	CFR	B	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%
	AAL	B	0.09%
	APG	C	0.09%
	FICO	B	0.09%
	COIN	B	0.09%
	CGNX	C	0.08%
	GXO	B	0.08%
	BIO	C	0.08%
	AGNC	C	0.08%
	FCN	F	0.08%
	ATI	F	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%
	MIDD	D	0.08%
	SKX	F	0.08%
	ADC	A	0.08%
	MHK	D	0.08%
	MTSI	B	0.08%
	BERY	D	0.08%
	BEN	C	0.07%
	OLLI	C	0.07%
	MTDR	B	0.07%
	VNT	C	0.07%
	LFUS	D	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%
	WBA	D	0.07%
	COLD	F	0.07%
	PARA	B	0.07%
	IVZ	B	0.07%
	MAT	C	0.07%
	AZPN	A	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%
	OKTA	C	0.07%
	VMI	B	0.07%
	WEX	D	0.07%
	ALGN	D	0.07%
	WSC	F	0.06%
	PSN	C	0.06%
	CCCS	B	0.06%
	LEA	F	0.06%
	FOX	A	0.06%
	SN	C	0.06%
	RITM	C	0.06%
	EXAS	F	0.06%
	GNRC	B	0.06%
	THG	A	0.06%
	BC	D	0.06%
	BFAM	F	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%
	OLED	F	0.05%
	GTES	B	0.05%
	TPG	B	0.05%
	SITE	D	0.05%
	GFS	C	0.05%
	GAP	B	0.05%
	EEFT	C	0.05%
	AWI	B	0.05%
	DBX	B	0.05%
	ST	F	0.05%
	AL	B	0.05%
	OZK	B	0.05%
	ROIV	D	0.05%
	LBTYK	F	0.04%
	VAC	B	0.04%
	ZG	B	0.04%
	LBTYA	F	0.04%
	MASI	B	0.04%
	U	F	0.04%
	LOPE	B	0.04%
	FHB	B	0.04%
	PII	F	0.04%
	PRGO	C	0.04%
	MDU	D	0.04%
	W	F	0.04%
	NWS	B	0.04%
	ZI	C	0.04%
	DNB	B	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%
	ALNY	D	0.04%
	IAC	F	0.04%
	RH	C	0.04%
	KMPR	A	0.04%
	OGN	F	0.04%
	BR	A	0.03%
	CPRI	F	0.03%
	YETI	D	0.03%
	AZTA	F	0.03%
	GLOB	B	0.03%
	SHC	D	0.03%
	QDEL	F	0.03%
	ULTA	C	0.03%
	ENOV	C	0.03%
	AGR	C	0.03%
	MP	C	0.03%
	HHH	B	0.03%
	BOKF	B	0.03%
	ALGM	F	0.03%
	COTY	D	0.03%
	COLM	B	0.03%
	SEE	C	0.03%
	MPW	F	0.03%
	LLYVK	B	0.03%
	MAN	F	0.03%
	AMED	F	0.03%
	BHF	B	0.03%
	BROS	B	0.03%
	PENN	B	0.03%
	AMKR	F	0.03%
	SPR	F	0.03%
	ECG	D	0.03%
	SNDR	B	0.02%
	TRIP	D	0.02%
	LEG	F	0.02%
	INFA	F	0.02%
	UA	B	0.02%
	UAA	B	0.02%
	BIRK	F	0.02%
	VSTS	D	0.02%
	QS	F	0.02%
	CLVT	F	0.02%
	AZEK	B	0.02%
	LYFT	B	0.02%
	ALAB	C	0.02%
	PSTG	D	0.02%
	ETSY	D	0.02%
	LCID	F	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%
	TFSL	A	0.01%
	PATH	C	0.01%
	CAR	C	0.01%
	FIVE	F	0.01%
	HCP	A	0.01%
	LSCC	D	0.01%
	MTN	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 21 Positions Relative to JPME

	Symbol	Grade	Weight
	APP	B	-0.74%
	VST	B	-0.64%
	TRGP	B	-0.47%
	TPL	B	-0.42%
	TXRH	A	-0.42%
	COR	B	-0.39%
	MPWR	F	-0.37%
	MANH	C	-0.37%
	IT	B	-0.37%
	DVA	C	-0.36%
	TSCO	D	-0.35%
	DECK	B	-0.35%
	VVV	B	-0.35%
	CLX	A	-0.34%
	MEDP	D	-0.3%
	QGEN	D	-0.26%
	VEEV	B	-0.26%
	NBIX	C	-0.25%
	BAH	C	-0.17%
	POOL	D	-0.13%
	ADTN	B	-0.03%

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Utilities - Regulated Electric Oil & Gas E&P Diagnostics & Research Asset Management Packaged Foods Packaging & Containers Specialty Retail Biotechnology Business Services Software - Infrastructure Information Technology Services REIT - Residential Semiconductors Specialty Chemicals Capital Markets Insurance - Property & Casualty Building Materials

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Insurance Nasdaq 100 Bank Banking Electronics Computing Aerospace Chemical Electricity Mining Telecommunications Insurance Products Semiconductor Beverage Biotechnology Oil And Gas Plastic

JPME: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Banks - Regional - US Oil & Gas E&P Biotechnology Diagnostics & Research Diversified Industrials Specialty Chemicals Medical Instruments & Supplies REIT - Retail Software - Application Communication Equipment Information Technology Services Medical Care Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Industrial REIT - Residential Semiconductors

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Electricity Insurance Electronics Nasdaq 100 Bank Computing Aerospace Chemical Banking Insurance Products Disability Mining Plastic Semiconductor Biotechnology Food Products Real Estate Market