IWS vs. JPUS ETF Comparison

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

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

$134.95

Average Daily Volume

272,522

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in 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. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$119.62

Average Daily Volume

6,939

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	IWS	JPUS
30 Days	0.51%	-1.17%
60 Days	3.41%	1.04%
90 Days	6.07%	3.77%
12 Months	28.25%	25.29%

239 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in JPUS	Overlap
ACGL	D	0.4%	0.31%	0.31%
ACI	C	0.09%	0.31%	0.09%
ADM	D	0.28%	0.34%	0.28%
AFG	A	0.11%	0.06%	0.06%
AFL	C	0.68%	0.38%	0.38%
AGO	A	0.05%	0.05%	0.05%
ALLY	C	0.1%	0.24%	0.1%
ALSN	B	0.11%	0.42%	0.11%
AM	A	0.04%	0.38%	0.04%
AMP	A	0.06%	0.29%	0.06%
AOS	F	0.1%	0.3%	0.1%
ASH	F	0.04%	0.19%	0.04%
ATO	A	0.24%	0.16%	0.16%
AVB	B	0.36%	0.31%	0.31%
AVY	D	0.11%	0.26%	0.11%
BBY	D	0.22%	0.24%	0.22%
BG	D	0.14%	0.34%	0.14%
BLDR	D	0.21%	0.34%	0.21%
BPOP	C	0.07%	0.21%	0.07%
BRBR	A	0.1%	0.24%	0.1%
BRX	A	0.1%	0.37%	0.1%
CACI	C	0.11%	0.14%	0.11%
CAG	F	0.14%	0.32%	0.14%
CAH	B	0.13%	0.36%	0.13%
CASY	A	0.13%	0.41%	0.13%
CBOE	C	0.23%	0.25%	0.23%
CBRE	B	0.44%	0.05%	0.05%
CCI	C	0.5%	0.16%	0.16%
CE	F	0.07%	0.2%	0.07%
CF	A	0.18%	0.32%	0.18%
CFG	B	0.23%	0.07%	0.07%
CHD	A	0.29%	0.34%	0.29%
CHE	F	0.08%	0.16%	0.08%
CHTR	B	0.4%	0.4%	0.4%
CIEN	B	0.11%	0.52%	0.11%
CLF	F	0.04%	0.18%	0.04%
CLH	C	0.14%	0.41%	0.14%
CMI	A	0.54%	0.42%	0.42%
CMS	C	0.22%	0.28%	0.22%
CNM	C	0.03%	0.21%	0.03%
COKE	C	0.08%	0.21%	0.08%
CPB	D	0.09%	0.33%	0.09%
CPT	C	0.14%	0.17%	0.14%
CRI	F	0.02%	0.03%	0.02%
CRUS	F	0.06%	0.1%	0.06%
CSL	C	0.19%	0.17%	0.17%
CTRA	B	0.21%	0.35%	0.21%
CTSH	C	0.42%	0.37%	0.37%
CTVA	C	0.43%	0.3%	0.3%
CUBE	C	0.12%	0.35%	0.12%
CWEN	C	0.01%	0.05%	0.01%
CWEN	C	0.03%	0.05%	0.03%
DFS	B	0.48%	0.13%	0.13%
DGX	A	0.2%	0.36%	0.2%
DHI	D	0.53%	0.33%	0.33%
DINO	D	0.07%	0.26%	0.07%
DKS	D	0.11%	0.36%	0.11%
DLB	F	0.05%	0.06%	0.05%
DOW	F	0.34%	0.26%	0.26%
DOX	D	0.11%	0.24%	0.11%
DRI	C	0.1%	0.24%	0.1%
DTE	C	0.27%	0.3%	0.27%
DTM	A	0.11%	0.17%	0.11%
DVN	F	0.27%	0.1%	0.1%
EA	A	0.47%	0.19%	0.19%
ED	C	0.37%	0.34%	0.34%
EG	D	0.15%	0.28%	0.15%
EGP	D	0.09%	0.06%	0.06%
EIX	C	0.35%	0.36%	0.35%
EMN	D	0.13%	0.32%	0.13%
EPR	D	0.04%	0.17%	0.04%
EQR	C	0.31%	0.2%	0.2%
ESI	B	0.07%	0.3%	0.07%
ESS	A	0.21%	0.37%	0.21%
ETR	A	0.35%	0.46%	0.35%
EVRG	A	0.16%	0.34%	0.16%
EXC	C	0.43%	0.31%	0.31%
EXP	B	0.03%	0.21%	0.03%
FANG	D	0.37%	0.39%	0.37%
FAST	B	0.08%	0.39%	0.08%
FBIN	F	0.1%	0.12%	0.1%
FCNCA	A	0.29%	0.43%	0.29%
FE	C	0.26%	0.34%	0.26%
FITB	B	0.35%	0.31%	0.31%
FLO	D	0.04%	0.21%	0.04%
FNF	A	0.18%	0.35%	0.18%
FR	C	0.08%	0.16%	0.08%
FRT	B	0.1%	0.09%	0.09%
FTRE	D	0.02%	0.03%	0.02%
FYBR	C	0.09%	0.37%	0.09%
GAP	D	0.05%	0.2%	0.05%
GEHC	D	0.37%	0.22%	0.22%
GEN	B	0.18%	0.07%	0.07%
GIS	F	0.39%	0.33%	0.33%
GLPI	C	0.14%	0.34%	0.14%
GNTX	F	0.08%	0.28%	0.08%
GRMN	B	0.36%	0.43%	0.36%
GWW	B	0.07%	0.43%	0.07%
HBAN	B	0.28%	0.33%	0.28%
HIG	B	0.38%	0.39%	0.38%
HIW	D	0.04%	0.15%	0.04%
HOG	F	0.04%	0.03%	0.03%
HOLX	D	0.2%	0.28%	0.2%
HPE	B	0.3%	0.3%	0.3%
HRB	D	0.07%	0.36%	0.07%
HRL	D	0.09%	0.35%	0.09%
HST	D	0.13%	0.4%	0.13%
HSY	F	0.24%	0.26%	0.24%
HUBB	B	0.26%	0.35%	0.26%
HUN	F	0.04%	0.16%	0.04%
IDA	A	0.07%	0.02%	0.02%
IFF	D	0.24%	0.21%	0.21%
INGR	B	0.1%	0.42%	0.1%
IP	A	0.22%	0.46%	0.22%
IPG	F	0.11%	0.15%	0.11%
IRDM	F	0.03%	0.06%	0.03%
IRM	C	0.16%	0.39%	0.16%
ITT	A	0.14%	0.24%	0.14%
JEF	A	0.1%	0.3%	0.1%
JLL	D	0.09%	0.41%	0.09%
JNPR	D	0.13%	0.38%	0.13%
K	B	0.23%	0.38%	0.23%
KEY	B	0.2%	0.06%	0.06%
KIM	A	0.18%	0.33%	0.18%
KMI	A	0.58%	0.48%	0.48%
KR	B	0.42%	0.43%	0.42%
KRC	C	0.05%	0.16%	0.05%
KSS	F	0.02%	0.01%	0.01%
KVUE	A	0.5%	0.39%	0.39%
LAMR	D	0.09%	0.39%	0.09%
LDOS	C	0.24%	0.22%	0.22%
LEG	F	0.02%	0.02%	0.02%
LEN	D	0.44%	0.36%	0.36%
LEN	D	0.02%	0.36%	0.02%
LH	B	0.22%	0.28%	0.22%
LNG	A	0.26%	0.34%	0.26%
LOPE	B	0.03%	0.09%	0.03%
LPX	B	0.02%	0.08%	0.02%
LSTR	D	0.07%	0.04%	0.04%
LYB	F	0.24%	0.31%	0.24%
M	D	0.05%	0.18%	0.05%
MAA	A	0.2%	0.21%	0.2%
MAS	D	0.19%	0.3%	0.19%
MOH	F	0.07%	0.14%	0.07%
MOS	D	0.09%	0.17%	0.09%
MRO	A	0.18%	0.37%	0.18%
MSM	D	0.04%	0.25%	0.04%
MTG	D	0.07%	0.35%	0.07%
NEU	D	0.04%	0.18%	0.04%
NFG	A	0.06%	0.3%	0.06%
NI	A	0.18%	0.41%	0.18%
NNN	C	0.08%	0.16%	0.08%
NRG	B	0.12%	0.46%	0.12%
NSA	C	0.03%	0.05%	0.03%
NTAP	C	0.15%	0.31%	0.15%
NUE	D	0.39%	0.3%	0.3%
NVR	D	0.28%	0.38%	0.28%
NXST	C	0.03%	0.36%	0.03%
OC	A	0.18%	0.34%	0.18%
OGE	A	0.09%	0.36%	0.09%
OHI	B	0.11%	0.38%	0.11%
OLN	F	0.05%	0.26%	0.05%
OMF	A	0.07%	0.22%	0.07%
ORI	A	0.1%	0.3%	0.1%
PAG	B	0.03%	0.34%	0.03%
PEG	C	0.49%	0.41%	0.41%
PFG	C	0.22%	0.1%	0.1%
PFGC	B	0.12%	0.46%	0.12%
PHM	D	0.29%	0.38%	0.29%
PK	D	0.03%	0.24%	0.03%
PKG	B	0.23%	0.3%	0.23%
PNW	B	0.11%	0.39%	0.11%
POST	C	0.06%	0.35%	0.06%
PPC	B	0.02%	0.21%	0.02%
PPL	A	0.27%	0.39%	0.27%
PR	B	0.08%	0.23%	0.08%
PRU	B	0.5%	0.1%	0.1%
PWR	A	0.36%	0.46%	0.36%
R	B	0.08%	0.18%	0.08%
RBC	A	0.1%	0.07%	0.07%
REG	A	0.15%	0.38%	0.15%
RF	A	0.27%	0.09%	0.09%
RGA	B	0.17%	0.17%	0.17%
RGLD	C	0.1%	0.08%	0.08%
RHI	C	0.08%	0.17%	0.08%
RMD	C	0.27%	0.07%	0.07%
ROKU	D	0.08%	0.0%	0.0%
ROST	D	0.39%	0.23%	0.23%
RPM	B	0.15%	0.28%	0.15%
RRC	B	0.09%	0.05%	0.05%
RS	B	0.2%	0.38%	0.2%
RVTY	D	0.15%	0.23%	0.15%
SAIC	F	0.07%	0.08%	0.07%
SAM	C	0.02%	0.24%	0.02%
SCI	A	0.13%	0.18%	0.13%
SJM	D	0.12%	0.21%	0.12%
SLM	B	0.06%	0.11%	0.06%
SMG	C	0.04%	0.1%	0.04%
SNX	D	0.1%	0.24%	0.1%
SON	F	0.05%	0.01%	0.01%
SPB	C	0.03%	0.27%	0.03%
SPG	A	0.48%	0.41%	0.41%
SSNC	C	0.17%	0.04%	0.04%
STAG	D	0.07%	0.23%	0.07%
STE	D	0.24%	0.25%	0.24%
STLD	B	0.23%	0.38%	0.23%
STT	B	0.32%	0.13%	0.13%
STWD	C	0.07%	0.18%	0.07%
SWKS	F	0.15%	0.14%	0.14%
SYF	B	0.28%	0.52%	0.28%
SYY	D	0.16%	0.36%	0.16%
TAP	B	0.12%	0.43%	0.12%
THC	C	0.16%	0.4%	0.16%
TKR	F	0.05%	0.19%	0.05%
TNL	B	0.04%	0.07%	0.04%
TOL	B	0.17%	0.42%	0.17%
TSN	B	0.2%	0.37%	0.2%
UGI	C	0.06%	0.31%	0.06%
UHS	D	0.13%	0.33%	0.13%
UI	A	0.01%	0.17%	0.01%
UNM	A	0.15%	0.51%	0.15%
USFD	A	0.16%	0.44%	0.16%
UTHR	C	0.17%	0.42%	0.17%
VICI	C	0.36%	0.33%	0.33%
VIRT	A	0.03%	0.12%	0.03%
VLTO	C	0.15%	0.04%	0.04%
VTR	B	0.28%	0.25%	0.25%
VTRS	A	0.17%	0.23%	0.17%
WEC	A	0.34%	0.34%	0.34%
WLK	F	0.05%	0.32%	0.05%
WMB	A	0.76%	0.41%	0.41%
WPC	C	0.13%	0.21%	0.13%
WRB	B	0.2%	0.12%	0.12%
WSM	D	0.07%	0.31%	0.07%
WST	D	0.1%	0.27%	0.1%
WU	F	0.03%	0.11%	0.03%
WY	D	0.25%	0.31%	0.25%
X	C	0.09%	0.33%	0.09%
XEL	A	0.43%	0.36%	0.36%

IWS Overweight 468 Positions Relative to JPUS

Symbol	Grade	Weight
OKE	A	0.7%
AJG	B	0.65%
BK	B	0.64%
DLR	A	0.64%
MSTR	A	0.55%
O	C	0.54%
FIS	C	0.54%
LHX	B	0.51%
AME	A	0.49%
PCG	A	0.49%
ALL	A	0.48%
HWM	A	0.47%
BKR	B	0.47%
URI	B	0.46%
DAL	A	0.45%
IR	B	0.45%
OTIS	C	0.44%
FERG	C	0.42%
A	F	0.41%
GLW	B	0.39%
MTB	A	0.39%
RCL	A	0.39%
WAB	B	0.38%
DD	D	0.38%
EXR	C	0.38%
HUM	D	0.37%
MCHP	F	0.37%
MLM	B	0.37%
NDAQ	A	0.36%
WTW	B	0.35%
TTWO	A	0.34%
IQV	F	0.34%
EBAY	D	0.34%
GPN	C	0.33%
HLT	A	0.33%
ROK	B	0.33%
UAL	A	0.33%
CNC	F	0.33%
RJF	A	0.33%
PPG	F	0.32%
CSGP	F	0.32%
ANSS	B	0.32%
XYL	D	0.32%
PAYX	B	0.32%
ON	F	0.31%
SQ	A	0.3%
HPQ	B	0.3%
VMC	B	0.3%
DOV	B	0.3%
TROW	B	0.29%
KEYS	C	0.29%
HAL	C	0.29%
AWK	C	0.29%
FTV	D	0.29%
SW	A	0.29%
CCL	A	0.27%
AEE	A	0.27%
EFX	F	0.27%
MTD	F	0.27%
YUM	D	0.26%
CINF	A	0.26%
BIIB	F	0.26%
EQT	A	0.26%
SBAC	D	0.26%
WBD	B	0.25%
ZBH	C	0.25%
ZM	B	0.24%
HOOD	A	0.24%
NTRS	A	0.24%
EXE	A	0.24%
ILMN	C	0.24%
TDY	B	0.24%
ES	C	0.24%
WDC	F	0.23%
INVH	D	0.23%
FSLR	F	0.22%
MKC	D	0.21%
OMC	C	0.21%
BALL	D	0.21%
IBKR	A	0.21%
MSCI	B	0.21%
COO	D	0.21%
LUV	B	0.21%
CNP	A	0.21%
WSO	A	0.2%
ARE	F	0.2%
SNA	B	0.2%
CVNA	A	0.19%
GPC	F	0.19%
TRMB	B	0.19%
IEX	B	0.19%
J	D	0.19%
TRU	D	0.19%
PNR	B	0.19%
BAX	F	0.18%
DG	F	0.18%
MKL	A	0.18%
L	A	0.17%
SUI	C	0.17%
ZBRA	B	0.17%
LNT	A	0.17%
TXT	D	0.17%
EXPD	D	0.16%
EWBC	A	0.16%
VRSN	F	0.16%
HES	B	0.16%
APTV	F	0.16%
NDSN	D	0.16%
UDR	C	0.16%
ACM	B	0.16%
DOC	D	0.16%
BRO	B	0.16%
AMCR	D	0.16%
JBHT	C	0.16%
GGG	B	0.16%
TWLO	A	0.15%
RNR	C	0.15%
CW	B	0.15%
FFIV	B	0.15%
EME	A	0.15%
AVTR	F	0.15%
BXP	D	0.14%
COHR	B	0.14%
JKHY	D	0.14%
AMH	C	0.14%
CHRW	B	0.14%
DLTR	F	0.14%
AFRM	A	0.14%
JBL	C	0.14%
ELS	B	0.14%
AKAM	F	0.14%
SWK	F	0.14%
TPR	B	0.14%
INCY	C	0.13%
AIZ	A	0.13%
KMX	C	0.13%
SF	B	0.13%
BJ	B	0.13%
OVV	C	0.13%
Z	A	0.13%
CDW	F	0.13%
FDS	B	0.13%
SOFI	A	0.13%
BMRN	F	0.13%
FTI	A	0.13%
NVT	C	0.13%
NTNX	B	0.13%
ALB	B	0.13%
EPAM	C	0.13%
ALLE	D	0.13%
FOXA	B	0.12%
TECH	F	0.12%
CCK	D	0.12%
CTLT	D	0.12%
EVR	B	0.12%
FWONK	B	0.12%
NWSA	B	0.12%
ATR	B	0.12%
AA	A	0.12%
CG	B	0.12%
FHN	A	0.12%
RRX	B	0.12%
CRL	D	0.11%
COIN	A	0.11%
WTRG	B	0.11%
GL	C	0.11%
MKTX	D	0.11%
WAL	B	0.11%
DPZ	C	0.11%
EHC	B	0.11%
ARMK	C	0.11%
AES	F	0.11%
NLY	C	0.11%
GME	C	0.11%
LKQ	F	0.11%
AYI	B	0.11%
RPRX	F	0.11%
BLD	F	0.11%
DAY	B	0.11%
LAD	B	0.11%
WWD	B	0.11%
WBS	A	0.11%
PRI	A	0.11%
TTEK	F	0.1%
ZION	B	0.1%
GWRE	A	0.1%
MGM	D	0.1%
KNX	B	0.1%
HLI	B	0.1%
AAL	B	0.1%
AR	B	0.1%
HSIC	C	0.1%
PTC	B	0.1%
WCC	B	0.1%
AXTA	B	0.1%
TFX	F	0.1%
TW	A	0.1%
REXR	F	0.1%
GMED	A	0.1%
BWXT	A	0.1%
DCI	B	0.1%
CMA	B	0.1%
SOLV	F	0.1%
CNH	C	0.1%
PNFP	B	0.1%
FLS	A	0.09%
BWA	D	0.09%
G	B	0.09%
MTCH	F	0.09%
CHRD	F	0.09%
SEIC	B	0.09%
CZR	F	0.09%
SNV	B	0.09%
APG	C	0.09%
APA	F	0.09%
TKO	A	0.09%
LECO	C	0.09%
CFR	B	0.09%
FICO	B	0.09%
VOYA	B	0.09%
WAT	C	0.09%
RIVN	F	0.09%
RL	C	0.09%
GPK	D	0.09%
NYT	D	0.09%
TTC	F	0.09%
CR	A	0.09%
MTZ	A	0.09%
WYNN	D	0.09%
CBSH	A	0.09%
WTFC	B	0.09%
RLI	A	0.08%
DAR	B	0.08%
ELAN	D	0.08%
FCN	F	0.08%
MTSI	B	0.08%
GXO	B	0.08%
FND	F	0.08%
SSD	D	0.08%
ALGN	D	0.08%
ATI	C	0.08%
ESAB	C	0.08%
AGNC	C	0.08%
OSK	C	0.08%
VFC	C	0.08%
BBWI	C	0.08%
VNO	C	0.08%
KBR	F	0.08%
MIDD	D	0.08%
CART	C	0.08%
SKX	F	0.08%
MHK	D	0.08%
LBRDK	C	0.08%
LW	C	0.08%
KEX	B	0.08%
PB	A	0.08%
ADC	A	0.08%
JAZZ	C	0.08%
HII	F	0.08%
BERY	D	0.08%
LNC	B	0.07%
WHR	B	0.07%
VNT	C	0.07%
RGEN	F	0.07%
S	B	0.07%
WBA	F	0.07%
ARW	F	0.07%
BIO	C	0.07%
BEN	C	0.07%
QRVO	F	0.07%
COLD	F	0.07%
MTDR	C	0.07%
MAT	D	0.07%
NOV	D	0.07%
SIRI	D	0.07%
MSA	D	0.07%
KD	A	0.07%
PARA	D	0.07%
IVZ	C	0.07%
CGNX	D	0.07%
BILL	B	0.07%
OKTA	D	0.07%
COLB	B	0.07%
FAF	C	0.07%
MKSI	C	0.07%
HR	C	0.07%
WEX	F	0.07%
AZPN	A	0.07%
AXS	A	0.07%
VMI	B	0.07%
ALK	A	0.07%
WH	B	0.07%
FMC	D	0.07%
BYD	B	0.06%
AL	B	0.06%
BFAM	F	0.06%
OZK	B	0.06%
CCCS	B	0.06%
SN	D	0.06%
LEA	F	0.06%
EXAS	D	0.06%
BC	D	0.06%
GNRC	B	0.06%
LITE	B	0.06%
RITM	D	0.06%
THO	C	0.06%
OLLI	D	0.06%
DOCS	C	0.06%
FOX	A	0.06%
PVH	C	0.06%
H	B	0.06%
WMS	F	0.06%
SAIA	C	0.06%
ONTO	F	0.06%
JHG	B	0.06%
THG	A	0.06%
AMG	C	0.06%
LFUS	D	0.06%
AGCO	F	0.06%
FNB	B	0.06%
GTES	A	0.05%
TPG	A	0.05%
PAYC	B	0.05%
AN	D	0.05%
KMPR	A	0.05%
EEFT	C	0.05%
SLGN	A	0.05%
RYN	D	0.05%
AWI	B	0.05%
PSN	C	0.05%
WSC	F	0.05%
DBX	C	0.05%
CUZ	B	0.05%
ST	F	0.05%
AVT	C	0.05%
ROIV	D	0.05%
CROX	F	0.05%
FRPT	A	0.05%
HXL	F	0.05%
WTM	A	0.05%
ZG	A	0.04%
ALNY	D	0.04%
MASI	B	0.04%
ACHC	F	0.04%
FHB	B	0.04%
UHAL	D	0.04%
IAC	D	0.04%
PII	F	0.04%
NVST	C	0.04%
W	D	0.04%
NWS	A	0.04%
NWL	B	0.04%
VNOM	A	0.04%
PRGO	C	0.04%
CIVI	D	0.04%
XRAY	D	0.04%
DNB	B	0.04%
MDU	D	0.04%
MSGS	B	0.04%
DXC	D	0.04%
PLNT	A	0.04%
RH	D	0.04%
OLED	F	0.04%
TYL	B	0.04%
OGN	F	0.04%
LINE	F	0.04%
SITE	D	0.04%
GFS	C	0.04%
HAYW	B	0.03%
JWN	C	0.03%
YETI	D	0.03%
ULTA	F	0.03%
PINC	B	0.03%
ALGM	F	0.03%
BR	B	0.03%
CPRI	F	0.03%
MP	C	0.03%
ENOV	C	0.03%
HHH	B	0.03%
MPW	F	0.03%
AGR	A	0.03%
CC	D	0.03%
BOKF	B	0.03%
COTY	F	0.03%
CXT	C	0.03%
COLM	B	0.03%
SEE	D	0.03%
ECG	C	0.03%
U	F	0.03%
AMED	F	0.03%
AMKR	F	0.03%
MAN	F	0.03%
SNRE	D	0.03%
LLYVK	A	0.03%
BROS	A	0.03%
SPR	D	0.03%
AMTM	F	0.03%
BHF	C	0.03%
VAC	C	0.03%
PENN	C	0.03%
ZI	D	0.03%
TER	F	0.02%
TRIP	F	0.02%
SNDR	B	0.02%
REYN	D	0.02%
WEN	C	0.02%
EXEL	B	0.02%
UA	C	0.02%
QS	D	0.02%
CLVT	D	0.02%
GO	C	0.02%
BIRK	D	0.02%
ALAB	B	0.02%
VSTS	F	0.02%
CNXC	F	0.02%
UAA	C	0.02%
PSTG	F	0.02%
RKT	F	0.02%
AZEK	B	0.02%
LCID	F	0.02%
ETSY	D	0.02%
LBTYK	A	0.02%
INFA	D	0.02%
IPGP	D	0.02%
QDEL	F	0.02%
LYFT	C	0.02%
LBTYA	F	0.02%
BRKR	F	0.02%
GLOB	C	0.02%
SHC	F	0.02%
AZTA	F	0.02%
ADT	B	0.02%
AAP	D	0.02%
RCM	A	0.02%
TXG	F	0.01%
PLTK	B	0.01%
CHH	A	0.01%
DJT	C	0.01%
CACC	F	0.01%
SEB	F	0.01%
PATH	C	0.01%
TFSL	A	0.01%
WOLF	F	0.01%
LSCC	D	0.01%
FIVE	F	0.01%
HCP	B	0.01%
MTN	C	0.01%
CAR	C	0.01%
CNA	C	0.01%
LBRDA	C	0.01%
HAS	D	0.01%
FWONA	B	0.01%
PYCR	C	0.01%
AS	A	0.01%
CERT	F	0.01%
DV	C	0.01%
LLYVA	A	0.01%
NCNO	B	0.01%
DDS	B	0.01%
LOAR	B	0.0%
PARAA	C	0.0%
UWMC	D	0.0%
SEG	B	0.0%
NFE	F	0.0%
UHAL	D	0.0%
GRAL	C	0.0%
LAZ	B	0.0%
IONS	F	0.0%

IWS Underweight 118 Positions Relative to JPUS

Symbol	Grade	Weight
VST	A	-0.64%
TRGP	A	-0.5%
ANET	C	-0.47%
TMUS	B	-0.47%
MCK	A	-0.46%
COF	B	-0.45%
NVDA	A	-0.45%
ETN	B	-0.43%
MSI	B	-0.43%
CEG	C	-0.42%
APH	B	-0.42%
CMCSA	B	-0.42%
META	C	-0.42%
XOM	B	-0.41%
CSCO	B	-0.41%
ORCL	A	-0.41%
WM	B	-0.41%
RSG	A	-0.4%
VLO	C	-0.4%
T	A	-0.4%
WELL	A	-0.4%
BRK.A	B	-0.39%
PM	A	-0.39%
PH	B	-0.39%
MO	A	-0.39%
PGR	B	-0.39%
COR	B	-0.39%
AVGO	C	-0.38%
VZ	C	-0.38%
LOW	C	-0.37%
SRE	A	-0.37%
DVA	C	-0.37%
ORLY	B	-0.37%
VRTX	D	-0.37%
SO	C	-0.37%
GD	D	-0.36%
INTU	B	-0.36%
AAPL	C	-0.36%
SCCO	F	-0.36%
DUK	C	-0.36%
LMT	D	-0.36%
MPC	D	-0.36%
CVS	F	-0.36%
PG	C	-0.36%
GILD	C	-0.35%
MSFT	D	-0.35%
CI	D	-0.35%
PSX	C	-0.35%
AMGN	D	-0.35%
CLX	A	-0.35%
ADI	D	-0.35%
AZO	C	-0.35%
CVX	A	-0.35%
PSA	C	-0.34%
D	C	-0.34%
ITW	B	-0.34%
KHC	F	-0.34%
TJX	A	-0.34%
HCA	F	-0.34%
TSCO	D	-0.34%
KMB	C	-0.34%
UNH	C	-0.34%
PEP	F	-0.34%
CDNS	B	-0.33%
MDLZ	F	-0.33%
LLY	F	-0.33%
ABBV	F	-0.33%
KO	D	-0.33%
BAH	D	-0.32%
KLAC	F	-0.32%
EOG	A	-0.32%
IT	C	-0.32%
ACN	C	-0.32%
CL	D	-0.32%
BAC	A	-0.31%
AMAT	F	-0.31%
ABT	A	-0.31%
AEP	C	-0.31%
STZ	D	-0.31%
QCOM	F	-0.3%
IBM	C	-0.3%
ECL	D	-0.29%
CAT	C	-0.28%
COP	B	-0.28%
SYK	A	-0.28%
LIN	D	-0.28%
ZTS	D	-0.27%
UNP	D	-0.27%
CB	C	-0.27%
DHR	D	-0.27%
MRK	F	-0.26%
KDP	D	-0.26%
REGN	F	-0.26%
ELV	F	-0.26%
LRCX	F	-0.26%
FCX	F	-0.25%
BMY	A	-0.25%
TGT	B	-0.24%
MDT	D	-0.23%
APO	A	-0.23%
F	C	-0.19%
BDX	F	-0.19%
MEDP	D	-0.19%
NEM	D	-0.18%
BKNG	A	-0.18%
TMO	F	-0.15%
CSX	C	-0.13%
VVV	D	-0.11%
USB	B	-0.11%
GOOGL	B	-0.11%
OXY	F	-0.1%
CARR	D	-0.09%
PCAR	C	-0.06%
NKE	F	-0.06%
ADBE	D	-0.05%
MMC	D	-0.05%
MNST	C	-0.03%
PLD	D	-0.01%