IWS vs. ONEV ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

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

$132.00

Average Daily Volume

302,715

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$128.77

Average Daily Volume

6,918

Number of Holdings ^*

412

* may have additional holdings in another (foreign) market

Performance

Period	IWS	ONEV
30 Days	2.33%	2.14%
60 Days	4.36%	5.30%
90 Days	7.82%	7.60%
12 Months	22.59%	21.22%

370 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in ONEV	Overlap
A	C	0.46%	0.45%	0.45%
AAP	F	0.03%	0.06%	0.03%
ACGL	B	0.46%	1.08%	0.46%
ACI	F	0.09%	0.2%	0.09%
ACM	B	0.15%	0.18%	0.15%
ADC	C	0.09%	0.07%	0.07%
ADM	D	0.34%	0.66%	0.34%
AEE	B	0.26%	0.38%	0.26%
AES	C	0.15%	0.06%	0.06%
AFG	B	0.11%	0.08%	0.08%
AGCO	D	0.07%	0.14%	0.07%
AGO	C	0.05%	0.08%	0.05%
AGR	B	0.03%	0.04%	0.03%
AIZ	B	0.12%	0.16%	0.12%
AKAM	D	0.17%	0.34%	0.17%
ALK	C	0.06%	0.06%	0.06%
ALLE	B	0.14%	0.23%	0.14%
ALSN	B	0.09%	0.29%	0.09%
AMCR	C	0.18%	0.39%	0.18%
AME	C	0.44%	0.18%	0.18%
AMED	C	0.04%	0.04%	0.04%
AMG	C	0.06%	0.2%	0.06%
AMH	C	0.16%	0.13%	0.13%
ANSS	F	0.32%	0.28%	0.28%
AOS	C	0.11%	0.28%	0.11%
ARW	C	0.08%	0.09%	0.08%
ASH	D	0.05%	0.08%	0.05%
ATO	B	0.24%	0.62%	0.24%
ATR	B	0.12%	0.21%	0.12%
AVB	B	0.38%	0.29%	0.29%
AVY	D	0.13%	0.19%	0.13%
AWI	B	0.04%	0.1%	0.04%
AWK	A	0.33%	0.18%	0.18%
AXS	B	0.07%	0.09%	0.07%
AXTA	C	0.09%	0.07%	0.07%
AYI	B	0.09%	0.13%	0.09%
BALL	C	0.24%	0.15%	0.15%
BAX	C	0.23%	0.2%	0.2%
BBY	B	0.24%	0.8%	0.24%
BC	C	0.06%	0.06%	0.06%
BEN	F	0.07%	0.06%	0.06%
BERY	B	0.09%	0.13%	0.09%
BFAM	C	0.08%	0.05%	0.05%
BG	D	0.16%	0.19%	0.16%
BJ	D	0.12%	0.32%	0.12%
BR	D	0.03%	0.44%	0.03%
BRBR	B	0.09%	0.07%	0.07%
BRKR	D	0.03%	0.1%	0.03%
BRO	C	0.16%	0.32%	0.16%
BWA	D	0.08%	0.28%	0.08%
BWXT	D	0.08%	0.13%	0.08%
CACC	D	0.01%	0.06%	0.01%
CACC	D	0.01%	0.02%	0.01%
CACI	B	0.12%	0.32%	0.12%
CAG	B	0.18%	0.24%	0.18%
CAH	C	0.13%	1.03%	0.13%
CASY	D	0.13%	0.52%	0.13%
CBOE	C	0.25%	0.7%	0.25%
CBRE	A	0.42%	0.28%	0.28%
CBSH	C	0.09%	0.06%	0.06%
CCK	A	0.12%	0.15%	0.12%
CE	D	0.12%	0.22%	0.12%
CF	B	0.17%	0.18%	0.17%
CGNX	D	0.07%	0.04%	0.04%
CHD	C	0.29%	0.21%	0.21%
CHE	C	0.09%	0.32%	0.09%
CHH	C	0.01%	0.06%	0.01%
CHK	D	0.11%	0.31%	0.11%
CHRW	B	0.13%	0.1%	0.1%
CHTR	D	0.37%	0.48%	0.37%
CIEN	C	0.09%	0.11%	0.09%
CINF	B	0.24%	0.65%	0.24%
CMI	C	0.47%	0.61%	0.47%
CMS	A	0.24%	0.31%	0.24%
CNA	C	0.01%	0.02%	0.01%
CNC	C	0.46%	0.84%	0.46%
CNH	C	0.1%	0.06%	0.06%
CNM	F	0.03%	0.18%	0.03%
CNP	C	0.2%	0.24%	0.2%
COKE	C	0.09%	0.13%	0.09%
COLM	B	0.03%	0.1%	0.03%
CPB	B	0.11%	0.23%	0.11%
CPT	B	0.15%	0.24%	0.15%
CR	C	0.09%	0.11%	0.09%
CRI	C	0.03%	0.1%	0.03%
CRL	D	0.12%	0.07%	0.07%
CRUS	D	0.08%	0.22%	0.08%
CSL	C	0.19%	0.18%	0.18%
CTRA	F	0.19%	0.29%	0.19%
CTSH	C	0.44%	1.44%	0.44%
CTVA	B	0.45%	0.15%	0.15%
CUBE	B	0.14%	0.35%	0.14%
CW	B	0.14%	0.13%	0.13%
CWEN	B	0.01%	0.02%	0.01%
CWEN	B	0.03%	0.02%	0.02%
CWEN	B	0.03%	0.04%	0.03%
CWEN	B	0.01%	0.04%	0.01%
DBX	D	0.05%	0.23%	0.05%
DCI	D	0.1%	0.24%	0.1%
DG	F	0.21%	0.37%	0.21%
DGX	B	0.2%	0.39%	0.2%
DHI	B	0.66%	0.4%	0.4%
DINO	D	0.08%	0.06%	0.06%
DLB	D	0.05%	0.16%	0.05%
DLTR	F	0.16%	0.21%	0.16%
DNB	C	0.04%	0.05%	0.04%
DOV	B	0.29%	0.17%	0.17%
DOX	C	0.11%	0.37%	0.11%
DPZ	F	0.1%	0.17%	0.1%
DTE	B	0.3%	0.21%	0.21%
DTM	B	0.09%	0.17%	0.09%
EA	D	0.45%	0.73%	0.45%
EBAY	B	0.37%	0.67%	0.37%
ED	C	0.41%	0.35%	0.35%
EEFT	D	0.05%	0.04%	0.04%
EG	B	0.16%	0.62%	0.16%
EGP	B	0.1%	0.14%	0.1%
EHC	B	0.11%	0.25%	0.11%
EIX	C	0.37%	0.26%	0.26%
ELS	C	0.16%	0.24%	0.16%
EME	B	0.13%	0.26%	0.13%
EMN	B	0.14%	0.22%	0.14%
EQR	B	0.34%	0.27%	0.27%
ES	C	0.27%	0.15%	0.15%
ESAB	C	0.06%	0.05%	0.05%
ESI	D	0.07%	0.05%	0.05%
ESS	B	0.23%	0.14%	0.14%
ETR	A	0.31%	0.47%	0.31%
EVR	B	0.1%	0.11%	0.1%
EVRG	A	0.16%	0.32%	0.16%
EXC	B	0.46%	0.38%	0.38%
EXEL	B	0.01%	0.15%	0.01%
EXP	B	0.03%	0.15%	0.03%
EXPD	B	0.16%	0.39%	0.16%
FAF	B	0.08%	0.04%	0.04%
FAST	C	0.07%	0.55%	0.07%
FCN	C	0.09%	0.18%	0.09%
FCNCA	D	0.25%	0.14%	0.14%
FDS	C	0.13%	0.45%	0.13%
FE	C	0.29%	0.21%	0.21%
FFIV	A	0.14%	0.46%	0.14%
FHB	C	0.03%	0.02%	0.02%
FIVE	D	0.01%	0.04%	0.01%
FLO	C	0.05%	0.13%	0.05%
FLS	D	0.07%	0.05%	0.05%
FMC	C	0.09%	0.05%	0.05%
FOX	B	0.06%	0.16%	0.06%
FOXA	B	0.11%	0.31%	0.11%
FR	C	0.09%	0.19%	0.09%
FTRE	F	0.02%	0.05%	0.02%
FTV	C	0.3%	0.18%	0.18%
FYBR	C	0.1%	0.11%	0.1%
G	C	0.08%	0.23%	0.08%
GEHC	C	0.38%	0.53%	0.38%
GGG	C	0.16%	0.28%	0.16%
GIS	B	0.48%	0.41%	0.41%
GL	C	0.11%	0.26%	0.11%
GNTX	F	0.08%	0.25%	0.08%
GO	F	0.02%	0.06%	0.02%
GPC	D	0.22%	0.62%	0.22%
GPK	B	0.1%	0.18%	0.1%
GRMN	D	0.31%	0.43%	0.31%
GTES	C	0.04%	0.03%	0.03%
GWW	B	0.06%	0.36%	0.06%
GXO	D	0.07%	0.08%	0.07%
HIG	A	0.39%	0.28%	0.28%
HII	C	0.12%	0.33%	0.12%
HIW	B	0.04%	0.04%	0.04%
HLI	B	0.08%	0.26%	0.08%
HOG	C	0.05%	0.04%	0.04%
HOLX	B	0.21%	0.23%	0.21%
HPE	D	0.25%	0.49%	0.25%
HRB	C	0.08%	0.33%	0.08%
HRL	C	0.11%	0.13%	0.11%
HSIC	C	0.1%	0.07%	0.07%
HST	D	0.14%	0.17%	0.14%
HSY	C	0.29%	0.32%	0.29%
HUBB	B	0.25%	0.12%	0.12%
HUM	F	0.44%	0.88%	0.44%
HUN	D	0.04%	0.05%	0.04%
IBKR	B	0.15%	0.08%	0.08%
IDA	B	0.06%	0.12%	0.06%
IEX	D	0.17%	0.21%	0.17%
INCY	C	0.13%	0.34%	0.13%
INGR	A	0.1%	0.33%	0.1%
IP	B	0.19%	0.41%	0.19%
IPG	C	0.13%	0.27%	0.13%
IPGP	F	0.02%	0.06%	0.02%
IRDM	D	0.03%	0.04%	0.03%
ITT	C	0.13%	0.15%	0.13%
J	D	0.21%	0.36%	0.21%
JAZZ	D	0.08%	0.25%	0.08%
JBHT	D	0.16%	0.24%	0.16%
JBL	D	0.13%	0.38%	0.13%
JHG	B	0.05%	0.13%	0.05%
JKHY	B	0.15%	0.23%	0.15%
JNPR	A	0.14%	0.43%	0.14%
K	A	0.24%	0.4%	0.24%
KEX	C	0.08%	0.06%	0.06%
KEYS	C	0.3%	0.35%	0.3%
KNX	C	0.1%	0.16%	0.1%
KR	B	0.42%	0.56%	0.42%
KRC	B	0.05%	0.05%	0.05%
KVUE	B	0.51%	0.59%	0.51%
L	B	0.16%	0.21%	0.16%
LAMR	A	0.1%	0.18%	0.1%
LBRDA	D	0.01%	0.01%	0.01%
LBRDK	D	0.06%	0.08%	0.06%
LDOS	C	0.24%	0.52%	0.24%
LEA	D	0.07%	0.15%	0.07%
LECO	F	0.08%	0.25%	0.08%
LEG	D	0.02%	0.05%	0.02%
LFUS	D	0.07%	0.06%	0.06%
LKQ	D	0.12%	0.15%	0.12%
LNT	A	0.17%	0.21%	0.17%
LOPE	D	0.03%	0.16%	0.03%
LSTR	D	0.08%	0.24%	0.08%
LUV	C	0.2%	0.33%	0.2%
MAA	B	0.22%	0.34%	0.22%
MAN	C	0.04%	0.11%	0.04%
MAS	B	0.2%	0.34%	0.2%
MAT	C	0.07%	0.2%	0.07%
MDU	B	0.06%	0.11%	0.06%
MIDD	C	0.08%	0.04%	0.04%
MKC	B	0.24%	0.21%	0.21%
MKL	C	0.18%	0.44%	0.18%
MKTX	C	0.11%	0.18%	0.11%
MOH	C	0.09%	0.39%	0.09%
MSA	C	0.08%	0.05%	0.05%
MSCI	C	0.21%	0.3%	0.21%
MSGS	B	0.04%	0.1%	0.04%
MSM	D	0.04%	0.14%	0.04%
MTD	D	0.33%	0.18%	0.18%
MTG	B	0.08%	0.19%	0.08%
MTN	D	0.01%	0.18%	0.01%
NDAQ	B	0.35%	0.17%	0.17%
NDSN	C	0.16%	0.08%	0.08%
NEU	D	0.04%	0.14%	0.04%
NFG	B	0.06%	0.21%	0.06%
NI	B	0.17%	0.27%	0.17%
NNN	B	0.1%	0.13%	0.1%
NRG	C	0.12%	0.12%	0.12%
NSA	B	0.04%	0.07%	0.04%
NTAP	D	0.15%	0.55%	0.15%
NUE	F	0.4%	0.35%	0.35%
NVR	B	0.32%	0.45%	0.32%
NVST	D	0.04%	0.03%	0.03%
NWL	D	0.04%	0.07%	0.04%
NWS	D	0.04%	0.04%	0.04%
NWSA	D	0.11%	0.11%	0.11%
NXST	D	0.04%	0.07%	0.04%
NYT	C	0.1%	0.2%	0.1%
OC	C	0.16%	0.18%	0.16%
OGE	B	0.09%	0.27%	0.09%
OGN	D	0.06%	0.1%	0.06%
OLLI	C	0.07%	0.04%	0.04%
OMC	A	0.22%	0.49%	0.22%
ORI	A	0.1%	0.17%	0.1%
OSK	D	0.08%	0.16%	0.08%
OTIS	D	0.44%	0.27%	0.27%
OZK	D	0.05%	0.04%	0.04%
PAG	D	0.03%	0.02%	0.02%
PAYX	C	0.32%	0.32%	0.32%
PB	B	0.08%	0.05%	0.05%
PEG	B	0.48%	0.38%	0.38%
PHM	B	0.33%	0.31%	0.31%
PII	D	0.05%	0.15%	0.05%
PINC	C	0.03%	0.09%	0.03%
PKG	B	0.21%	0.29%	0.21%
PNR	B	0.17%	0.12%	0.12%
PNW	B	0.12%	0.25%	0.12%
POST	C	0.07%	0.14%	0.07%
PPC	D	0.02%	0.02%	0.02%
PPG	C	0.34%	0.23%	0.23%
PPL	C	0.27%	0.25%	0.25%
PRGO	D	0.04%	0.1%	0.04%
PRI	B	0.1%	0.19%	0.1%
PSN	B	0.05%	0.15%	0.05%
QRVO	F	0.12%	0.15%	0.12%
R	B	0.07%	0.07%	0.07%
REYN	C	0.02%	0.06%	0.02%
RGLD	B	0.11%	0.17%	0.11%
RHI	D	0.07%	0.24%	0.07%
RL	B	0.08%	0.21%	0.08%
RLI	B	0.07%	0.23%	0.07%
RNR	B	0.15%	0.5%	0.15%
ROK	D	0.31%	0.24%	0.24%
RPM	B	0.14%	0.22%	0.14%
RPRX	C	0.12%	0.41%	0.12%
RS	D	0.18%	0.59%	0.18%
RYN	C	0.05%	0.11%	0.05%
SAIC	C	0.08%	0.26%	0.08%
SAM	F	0.02%	0.03%	0.02%
SBAC	C	0.3%	0.28%	0.28%
SCI	B	0.13%	0.29%	0.13%
SEB	C	0.01%	0.03%	0.01%
SEE	D	0.03%	0.02%	0.02%
SEIC	B	0.08%	0.25%	0.08%
SITE	D	0.05%	0.06%	0.05%
SJM	C	0.14%	0.26%	0.14%
SKX	C	0.09%	0.24%	0.09%
SLGN	B	0.05%	0.1%	0.05%
SN	B	0.06%	0.06%	0.06%
SNA	B	0.17%	0.44%	0.17%
SNDR	B	0.02%	0.05%	0.02%
SNX	D	0.1%	0.12%	0.1%
SOLV	C	0.11%	0.36%	0.11%
SON	C	0.06%	0.15%	0.06%
SRCL	A	0.07%	0.05%	0.05%
SSD	C	0.08%	0.16%	0.08%
SSNC	B	0.19%	0.18%	0.18%
ST	D	0.06%	0.02%	0.02%
STAG	C	0.08%	0.09%	0.08%
STE	C	0.28%	0.22%	0.22%
STLD	D	0.19%	0.19%	0.19%
SWKS	F	0.19%	0.62%	0.19%
SYF	C	0.22%	0.11%	0.11%
SYY	D	0.17%	0.24%	0.17%
TAP	C	0.11%	0.23%	0.11%
TDY	C	0.23%	0.08%	0.08%
TECH	C	0.13%	0.1%	0.1%
TFX	C	0.13%	0.15%	0.13%
THG	A	0.06%	0.04%	0.04%
TKR	D	0.06%	0.05%	0.05%
TNL	D	0.03%	0.02%	0.02%
TROW	D	0.26%	0.55%	0.26%
TSN	C	0.2%	0.15%	0.15%
TTC	D	0.1%	0.14%	0.1%
TTEK	C	0.11%	0.08%	0.08%
TW	A	0.09%	0.15%	0.09%
TXT	D	0.19%	0.2%	0.19%
UA	C	0.02%	0.01%	0.01%
UAA	C	0.02%	0.01%	0.01%
UDR	B	0.18%	0.2%	0.18%
UGI	C	0.06%	0.1%	0.06%
UHAL	B	0.0%	0.02%	0.0%
UHAL	B	0.05%	0.09%	0.05%
UHAL	B	0.05%	0.02%	0.02%
UHAL	B	0.0%	0.09%	0.0%
UHS	B	0.15%	0.22%	0.15%
UTHR	C	0.17%	0.55%	0.17%
VFC	C	0.07%	0.16%	0.07%
VICI	C	0.41%	0.3%	0.3%
VIRT	B	0.03%	0.03%	0.03%
VMC	D	0.27%	0.12%	0.12%
VMI	D	0.06%	0.11%	0.06%
VNT	D	0.06%	0.09%	0.06%
VOYA	A	0.09%	0.07%	0.07%
VRSN	D	0.17%	0.59%	0.17%
VSTS	D	0.02%	0.07%	0.02%
VTRS	C	0.16%	0.28%	0.16%
WBA	F	0.08%	0.06%	0.06%
WEC	B	0.35%	0.36%	0.35%
WH	B	0.06%	0.04%	0.04%
WHR	D	0.06%	0.14%	0.06%
WLK	D	0.05%	0.03%	0.03%
WPC	B	0.16%	0.24%	0.16%
WRB	C	0.21%	0.38%	0.21%
WSC	D	0.06%	0.04%	0.04%
WSO	C	0.19%	0.22%	0.19%
WST	D	0.1%	0.26%	0.1%
WTRG	D	0.11%	0.14%	0.11%
WTW	B	0.34%	0.26%	0.26%
WU	D	0.03%	0.15%	0.03%
WWD	D	0.11%	0.04%	0.04%
WY	C	0.27%	0.22%	0.22%
XEL	A	0.41%	0.5%	0.41%
XRAY	D	0.06%	0.09%	0.06%
YUM	D	0.27%	0.33%	0.27%
ZBH	F	0.25%	0.23%	0.23%

IWS Overweight 340 Positions Relative to ONEV

Symbol	Grade	Weight
AFL	B	0.71%
AJG	C	0.69%
WMB	B	0.63%
O	B	0.62%
OKE	B	0.61%
DLR	B	0.59%
BK	A	0.59%
CCI	B	0.59%
FIS	B	0.54%
LEN	B	0.51%
LHX	D	0.5%
ALL	A	0.48%
PRU	C	0.48%
PCG	C	0.48%
KMI	A	0.47%
MCHP	D	0.47%
ROST	C	0.45%
SPG	B	0.45%
IQV	C	0.44%
EXR	B	0.43%
FERG	C	0.42%
IR	C	0.42%
URI	B	0.42%
HWM	B	0.41%
DOW	D	0.4%
DD	B	0.39%
DFS	C	0.38%
BKR	D	0.38%
CSGP	D	0.37%
GLW	B	0.37%
XYL	D	0.36%
MLM	D	0.35%
FANG	D	0.35%
ON	D	0.35%
WAB	A	0.34%
EFX	C	0.34%
BIIB	F	0.33%
FITB	B	0.33%
DAL	C	0.33%
MTB	B	0.32%
GPN	D	0.32%
PWR	B	0.31%
HLT	B	0.3%
RCL	B	0.3%
VTR	C	0.3%
RMD	C	0.3%
IFF	B	0.3%
STT	A	0.29%
TTWO	D	0.29%
LYB	F	0.28%
FSLR	C	0.28%
HAL	F	0.28%
HPQ	D	0.28%
DVN	F	0.28%
RJF	C	0.26%
INVH	C	0.26%
COO	B	0.25%
ARE	B	0.25%
ILMN	C	0.24%
SQ	D	0.24%
WBD	D	0.24%
MSTR	D	0.24%
HBAN	B	0.24%
WDC	D	0.24%
BLDR	C	0.23%
LNG	D	0.23%
RF	B	0.23%
PFG	B	0.22%
NTRS	B	0.21%
SUI	B	0.21%
AVTR	B	0.21%
TRU	B	0.21%
EQT	D	0.21%
CFG	D	0.21%
LH	B	0.21%
APTV	D	0.21%
CCL	C	0.2%
UAL	B	0.19%
ZM	C	0.19%
SWK	B	0.18%
TOL	B	0.18%
THC	B	0.18%
FNF	A	0.18%
KIM	B	0.18%
BMRN	F	0.18%
DOC	C	0.18%
IRM	B	0.17%
HOOD	C	0.17%
CDW	D	0.17%
GEN	A	0.17%
MRO	D	0.17%
VLTO	C	0.17%
RVTY	B	0.17%
KEY	B	0.17%
ZBRA	B	0.16%
GLPI	B	0.16%
REG	C	0.16%
USFD	B	0.16%
TRMB	C	0.16%
RGA	B	0.16%
CLH	B	0.15%
BXP	B	0.14%
HES	D	0.14%
NVT	D	0.13%
RIVN	F	0.13%
EWBC	C	0.13%
DKS	D	0.13%
BLD	D	0.13%
KMX	D	0.13%
SW	B	0.13%
ALB	F	0.12%
RRX	C	0.12%
NLY	A	0.12%
COHR	B	0.12%
NTNX	C	0.12%
UNM	B	0.12%
OVV	D	0.12%
FBIN	B	0.12%
FTI	D	0.12%
EPAM	D	0.12%
CTLT	B	0.12%
REXR	C	0.12%
MTCH	C	0.11%
Z	B	0.11%
PFGC	B	0.11%
CVNA	B	0.11%
FRT	C	0.11%
TPR	C	0.11%
FWONK	D	0.11%
ARMK	B	0.11%
AFRM	C	0.11%
OHI	A	0.11%
JLL	B	0.1%
TWLO	D	0.1%
MHK	B	0.1%
CZR	C	0.1%
MOS	F	0.1%
SF	A	0.1%
BRX	B	0.1%
FHN	D	0.1%
APA	F	0.1%
WAL	B	0.1%
CG	C	0.1%
MGM	D	0.1%
DRI	C	0.1%
WSM	C	0.09%
WAT	C	0.09%
ALGN	D	0.09%
WEX	C	0.09%
LAD	C	0.09%
FND	C	0.09%
KBR	D	0.09%
JEF	B	0.09%
ATI	C	0.09%
CMA	B	0.09%
WBS	C	0.09%
GWRE	A	0.09%
AR	D	0.09%
GMED	D	0.09%
ALLY	F	0.09%
APG	D	0.09%
TKO	B	0.09%
DAY	D	0.09%
ROKU	C	0.09%
X	D	0.09%
PTC	D	0.09%
RBC	C	0.09%
AA	D	0.09%
CHRD	F	0.09%
COLD	D	0.09%
SNV	C	0.08%
PR	D	0.08%
RGEN	F	0.08%
ZION	D	0.08%
SOFI	C	0.08%
WTFC	B	0.08%
RRC	D	0.08%
SWN	D	0.08%
WCC	C	0.08%
FICO	A	0.08%
MKSI	F	0.08%
ACHC	C	0.08%
MTZ	B	0.08%
HR	C	0.08%
ELAN	D	0.08%
AGNC	A	0.08%
EXAS	C	0.08%
ONTO	F	0.08%
PNFP	B	0.08%
WYNN	D	0.08%
IVZ	C	0.07%
RITM	B	0.07%
SIRI	C	0.07%
AZPN	A	0.07%
WMS	D	0.07%
BBWI	F	0.07%
PARA	F	0.07%
NOV	D	0.07%
CROX	C	0.07%
BIO	C	0.07%
LW	D	0.07%
STWD	A	0.07%
OKTA	F	0.07%
BPOP	C	0.07%
VNO	B	0.07%
CART	A	0.07%
CFR	C	0.07%
AAL	D	0.07%
OLED	C	0.06%
CCCS	D	0.06%
LNC	D	0.06%
HXL	F	0.06%
FNB	D	0.06%
COLB	B	0.06%
COIN	F	0.06%
OLN	D	0.06%
THO	D	0.06%
KD	D	0.06%
OMF	C	0.06%
MTDR	D	0.06%
PVH	F	0.06%
H	C	0.06%
GME	F	0.06%
DAR	F	0.06%
MTSI	D	0.06%
BILL	D	0.05%
M	F	0.05%
ROIV	C	0.05%
GNRC	D	0.05%
BYD	C	0.05%
GAP	F	0.05%
CPRI	D	0.05%
AN	D	0.05%
W	D	0.05%
S	C	0.05%
WTM	F	0.05%
DOCS	B	0.05%
CUZ	B	0.05%
FRPT	B	0.05%
AL	D	0.05%
SLM	C	0.05%
AVT	D	0.05%
SAIA	D	0.05%
AM	B	0.04%
PAYC	D	0.04%
CNXC	D	0.04%
PLNT	A	0.04%
ZI	D	0.04%
U	D	0.04%
LBTYA	B	0.04%
SPR	D	0.04%
LCID	C	0.04%
AMKR	F	0.04%
LBTYK	B	0.04%
COTY	F	0.04%
TPG	B	0.04%
KMPR	D	0.04%
EPR	B	0.04%
TYL	C	0.04%
CLF	F	0.04%
ALNY	B	0.04%
LITE	B	0.04%
MPW	C	0.04%
CIVI	F	0.04%
DXC	C	0.04%
RH	B	0.04%
IAC	C	0.04%
GFS	F	0.04%
AMP	B	0.04%
KSS	F	0.03%
RCM	C	0.03%
ETSY	F	0.03%
JWN	B	0.03%
ENOV	F	0.03%
MASI	D	0.03%
BOKF	B	0.03%
YETI	D	0.03%
HHH	C	0.03%
ULTA	D	0.03%
CC	F	0.03%
QDEL	D	0.03%
SHC	B	0.03%
VAC	F	0.03%
BHF	D	0.03%
AZTA	D	0.03%
CLVT	D	0.03%
SPB	B	0.03%
RKT	B	0.03%
VNOM	C	0.03%
ZG	B	0.03%
CXT	D	0.03%
PK	D	0.03%
SMG	C	0.03%
PENN	D	0.03%
TRIP	F	0.02%
WEN	C	0.02%
INFA	D	0.02%
ALGM	F	0.02%
AS	C	0.02%
MP	D	0.02%
TER	D	0.02%
BIRK	D	0.02%
PSTG	F	0.02%
BROS	D	0.02%
LPX	B	0.02%
LLYVK	B	0.02%
HAYW	C	0.02%
AZEK	C	0.02%
LEN	B	0.02%
ADT	D	0.02%
GLOB	D	0.02%
QS	F	0.02%
LAZ	A	0.01%
UI	B	0.01%
IONS	F	0.01%
PLTK	C	0.01%
TFSL	C	0.01%
PATH	D	0.01%
HCP	A	0.01%
LSCC	D	0.01%
LLYVA	B	0.01%
CAR	F	0.01%
TXG	D	0.01%
PYCR	D	0.01%
ALAB	D	0.01%
NCNO	D	0.01%
WOLF	F	0.01%
DV	F	0.01%
DDS	D	0.01%
FWONA	C	0.01%
HAS	B	0.01%
LYFT	D	0.01%
CERT	F	0.01%
SEG	C	0.0%
LOAR	C	0.0%
PARAA	D	0.0%
UWMC	C	0.0%
GRAL	F	0.0%
NFE	F	0.0%
DJT	F	0.0%

IWS Underweight 46 Positions Relative to ONEV

Symbol	Grade	Weight
BMY	C	-1.25%
GILD	B	-0.81%
PSA	B	-0.72%
AZO	D	-0.71%
ORLY	B	-0.7%
MCK	F	-0.62%
MO	C	-0.59%
AON	B	-0.53%
TSCO	C	-0.52%
TGT	C	-0.48%
KMB	D	-0.47%
PCAR	D	-0.41%
POOL	C	-0.39%
SRE	B	-0.35%
TRV	B	-0.35%
D	C	-0.34%
ITW	B	-0.33%
CVS	D	-0.32%
AEP	B	-0.32%
CLX	C	-0.31%
CL	C	-0.3%
NOC	B	-0.29%
MUSA	C	-0.28%
GDDY	C	-0.27%
FDX	C	-0.27%
CSX	D	-0.26%
VRSK	D	-0.25%
BAH	B	-0.23%
ROL	C	-0.22%
DVA	B	-0.22%
CPAY	B	-0.21%
KHC	C	-0.19%
VVV	D	-0.18%
RSG	D	-0.18%
MNST	C	-0.17%
KNSL	C	-0.17%
QGEN	B	-0.17%
VST	C	-0.16%
ODFL	C	-0.16%
LII	B	-0.16%
LPLA	D	-0.11%
NBIX	F	-0.11%
FIX	B	-0.1%
TXRH	D	-0.1%
AAON	B	-0.08%
MORN	C	-0.06%