IWS vs. REVS ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Columbia Research Enhanced Value ETF (REVS)

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

$131.91

Average Daily Volume

302,748

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

REVS

Columbia Research Enhanced Value ETF

REVS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Value Index. The fund invests at least 80% of its assets in the securities of the index. The index reflects a rules-based strategic beta approach to investing in the companies that comprise the Russell 1000® Value Index, designed to achieve stronger total return when compared to the Russell 1000® Value Index, which is a broad measure of the performance of U.S. large- and mid-cap value companies.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

11,169

Number of Holdings ^*

301

* may have additional holdings in another (foreign) market

Performance

Period	IWS	REVS
30 Days	4.17%	3.61%
60 Days	5.63%	5.09%
90 Days	9.18%	8.83%
12 Months	24.67%	24.09%

244 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in REVS	Overlap
	ACI	F	0.09%	0.1%	0.09%
	ACM	B	0.15%	0.15%	0.15%
	ADM	D	0.34%	0.37%	0.34%
	AEE	C	0.26%	0.41%	0.26%
	AES	C	0.15%	0.21%	0.15%
	AIZ	B	0.12%	0.1%	0.1%
	ALGM	F	0.02%	0.03%	0.02%
	ALL	B	0.48%	0.41%	0.41%
	ALNY	C	0.04%	0.01%	0.01%
	ALSN	B	0.09%	0.09%	0.09%
	AMG	C	0.06%	0.05%	0.05%
	AMH	C	0.16%	0.19%	0.16%
	AMKR	F	0.04%	0.05%	0.04%
	AOS	D	0.11%	0.11%	0.11%
	ARE	C	0.25%	0.29%	0.25%
	ARMK	B	0.11%	0.12%	0.11%
	ASH	D	0.05%	0.06%	0.05%
	AVTR	B	0.21%	0.24%	0.21%
	AXS	B	0.07%	0.06%	0.06%
	AYI	B	0.09%	0.09%	0.09%
	AZTA	F	0.03%	0.03%	0.03%
	BAX	C	0.23%	0.27%	0.23%
	BEN	F	0.07%	0.05%	0.05%
	BG	D	0.16%	0.17%	0.16%
	BIIB	F	0.33%	0.12%	0.12%
	BILL	D	0.05%	0.06%	0.05%
	BK	B	0.59%	0.5%	0.5%
	BLD	D	0.13%	0.13%	0.13%
	BLDR	C	0.23%	0.22%	0.22%
	BMRN	F	0.18%	0.07%	0.07%
	BR	D	0.03%	0.03%	0.03%
	BRBR	C	0.09%	0.1%	0.09%
	BRX	B	0.1%	0.11%	0.1%
	CACI	B	0.12%	0.12%	0.12%
	CAG	C	0.18%	0.2%	0.18%
	CAH	C	0.13%	0.15%	0.13%
	CBOE	C	0.25%	0.22%	0.22%
	CCL	C	0.2%	0.2%	0.2%
	CE	F	0.12%	0.15%	0.12%
	CF	C	0.17%	0.22%	0.17%
	CIEN	C	0.09%	0.12%	0.09%
	CIVI	F	0.04%	0.02%	0.02%
	CLF	F	0.04%	0.05%	0.04%
	CMI	C	0.47%	0.47%	0.47%
	CNA	C	0.01%	0.01%	0.01%
	CNC	D	0.46%	0.51%	0.46%
	CNM	F	0.03%	0.02%	0.02%
	COKE	C	0.09%	0.1%	0.09%
	COLB	B	0.06%	0.05%	0.05%
	COLM	C	0.03%	0.03%	0.03%
	CRI	D	0.03%	0.03%	0.03%
	CROX	D	0.07%	0.08%	0.07%
	CRUS	D	0.08%	0.11%	0.08%
	CSGP	D	0.37%	0.45%	0.37%
	CSL	B	0.19%	0.19%	0.19%
	CTRA	D	0.19%	0.1%	0.1%
	CVNA	B	0.11%	0.11%	0.11%
	CW	B	0.14%	0.13%	0.13%
	CWEN	C	0.03%	0.04%	0.03%
	CWEN	C	0.01%	0.04%	0.01%
	CWEN	C	0.03%	0.02%	0.02%
	CWEN	C	0.01%	0.02%	0.01%
	DAL	C	0.33%	0.33%	0.33%
	DBX	D	0.05%	0.06%	0.05%
	DCI	C	0.1%	0.1%	0.1%
	DDS	F	0.01%	0.01%	0.01%
	DHI	B	0.66%	0.7%	0.66%
	DINO	F	0.08%	0.05%	0.05%
	DKS	D	0.13%	0.14%	0.13%
	DTE	C	0.3%	0.46%	0.3%
	EA	D	0.45%	0.27%	0.27%
	EBAY	B	0.37%	0.38%	0.37%
	EEFT	D	0.05%	0.04%	0.04%
	EG	C	0.16%	0.14%	0.14%
	EIX	C	0.37%	0.58%	0.37%
	EME	B	0.13%	0.12%	0.12%
	EPAM	F	0.12%	0.17%	0.12%
	EPR	B	0.04%	0.05%	0.04%
	ESAB	C	0.06%	0.06%	0.06%
	ETR	B	0.31%	0.46%	0.31%
	EVRG	B	0.16%	0.24%	0.16%
	EWBC	D	0.13%	0.11%	0.11%
	EXAS	C	0.08%	0.03%	0.03%
	EXC	C	0.46%	0.7%	0.46%
	EXEL	C	0.01%	0.0%	0.0%
	EXP	B	0.03%	0.03%	0.03%
	EXPD	C	0.16%	0.17%	0.16%
	FANG	D	0.35%	0.19%	0.19%
	FCNCA	D	0.25%	0.22%	0.22%
	FFIV	B	0.14%	0.19%	0.14%
	FHN	D	0.1%	0.08%	0.08%
	FITB	B	0.33%	0.28%	0.28%
	FLS	D	0.07%	0.07%	0.07%
	FOX	B	0.06%	0.03%	0.03%
	FOXA	B	0.11%	0.07%	0.07%
	FTI	D	0.12%	0.06%	0.06%
	FTV	C	0.3%	0.29%	0.29%
	G	C	0.08%	0.08%	0.08%
	GAP	F	0.05%	0.05%	0.05%
	GIS	B	0.48%	0.54%	0.48%
	GL	C	0.11%	0.09%	0.09%
	GLPI	C	0.16%	0.19%	0.16%
	GNRC	D	0.05%	0.05%	0.05%
	GPN	D	0.32%	0.27%	0.27%
	GTES	C	0.04%	0.04%	0.04%
	HIW	B	0.04%	0.05%	0.04%
	HLT	B	0.3%	0.32%	0.3%
	HOLX	B	0.21%	0.25%	0.21%
	HPE	D	0.25%	0.34%	0.25%
	HPQ	D	0.28%	0.39%	0.28%
	HRB	C	0.08%	0.09%	0.08%
	HST	C	0.14%	0.16%	0.14%
	INCY	C	0.13%	0.04%	0.04%
	INFA	D	0.02%	0.02%	0.02%
	INGR	B	0.1%	0.11%	0.1%
	INVH	C	0.26%	0.31%	0.26%
	IONS	F	0.01%	0.0%	0.0%
	JAZZ	D	0.08%	0.09%	0.08%
	JHG	B	0.05%	0.05%	0.05%
	JLL	B	0.1%	0.12%	0.1%
	JNPR	B	0.14%	0.19%	0.14%
	K	B	0.24%	0.27%	0.24%
	KEX	C	0.08%	0.08%	0.08%
	KR	C	0.42%	0.45%	0.42%
	KRC	B	0.05%	0.06%	0.05%
	L	C	0.16%	0.14%	0.14%
	LDOS	B	0.24%	0.24%	0.24%
	LEA	F	0.07%	0.07%	0.07%
	LECO	F	0.08%	0.08%	0.08%
	LEN	B	0.51%	0.54%	0.51%
	LEN	B	0.02%	0.54%	0.02%
	LEN	B	0.51%	0.02%	0.02%
	LEN	B	0.02%	0.02%	0.02%
	LNC	D	0.06%	0.05%	0.05%
	LPX	B	0.02%	0.03%	0.02%
	LSCC	D	0.01%	0.01%	0.01%
	LYB	D	0.28%	0.37%	0.28%
	M	F	0.05%	0.05%	0.05%
	MAS	B	0.2%	0.2%	0.2%
	MGM	F	0.1%	0.11%	0.1%
	MHK	C	0.1%	0.1%	0.1%
	MIDD	D	0.08%	0.08%	0.08%
	MOS	F	0.1%	0.12%	0.1%
	MRO	C	0.17%	0.09%	0.09%
	MSA	D	0.08%	0.07%	0.07%
	MTCH	C	0.11%	0.07%	0.07%
	MTD	D	0.33%	0.4%	0.33%
	MTG	B	0.08%	0.07%	0.07%
	NEU	D	0.04%	0.06%	0.04%
	NI	B	0.17%	0.27%	0.17%
	NNN	C	0.1%	0.12%	0.1%
	NTAP	D	0.15%	0.21%	0.15%
	NTNX	C	0.12%	0.16%	0.12%
	NUE	F	0.4%	0.5%	0.4%
	NVR	B	0.32%	0.34%	0.32%
	NWS	D	0.04%	0.02%	0.02%
	NWSA	D	0.11%	0.07%	0.07%
	NYT	C	0.1%	0.06%	0.06%
	OC	D	0.16%	0.16%	0.16%
	OGN	D	0.06%	0.07%	0.06%
	OKTA	F	0.07%	0.1%	0.07%
	OLED	C	0.06%	0.07%	0.06%
	OLN	D	0.06%	0.07%	0.06%
	OTIS	C	0.44%	0.43%	0.43%
	OZK	D	0.05%	0.04%	0.04%
	PATH	D	0.01%	0.01%	0.01%
	PAYX	C	0.32%	0.32%	0.32%
	PCG	C	0.48%	0.76%	0.48%
	PHM	B	0.33%	0.35%	0.33%
	PINC	C	0.03%	0.03%	0.03%
	PK	D	0.03%	0.04%	0.03%
	PKG	B	0.21%	0.28%	0.21%
	PLTK	C	0.01%	0.0%	0.0%
	PPC	D	0.02%	0.02%	0.02%
	PPG	D	0.34%	0.44%	0.34%
	PRGO	D	0.04%	0.05%	0.04%
	PRU	C	0.48%	0.41%	0.41%
	PSTG	F	0.02%	0.03%	0.02%
	PVH	F	0.06%	0.07%	0.06%
	QRVO	F	0.12%	0.16%	0.12%
	R	A	0.07%	0.07%	0.07%
	REYN	C	0.02%	0.02%	0.02%
	RGA	C	0.16%	0.14%	0.14%
	RJF	C	0.26%	0.22%	0.22%
	RL	C	0.08%	0.08%	0.08%
	ROKU	C	0.09%	0.05%	0.05%
	ROST	C	0.45%	0.48%	0.45%
	RPM	B	0.14%	0.18%	0.14%
	RPRX	C	0.12%	0.15%	0.12%
	RS	D	0.18%	0.23%	0.18%
	RYN	C	0.05%	0.06%	0.05%
	SAIC	C	0.08%	0.08%	0.08%
	SAM	F	0.02%	0.03%	0.02%
	SBAC	C	0.3%	0.36%	0.3%
	SEB	D	0.01%	0.01%	0.01%
	SEIC	C	0.08%	0.07%	0.07%
	SF	A	0.1%	0.08%	0.08%
	SKX	D	0.09%	0.1%	0.09%
	SLM	D	0.05%	0.04%	0.04%
	SMG	C	0.03%	0.04%	0.03%
	SNA	C	0.17%	0.17%	0.17%
	SNX	D	0.1%	0.13%	0.1%
	SOLV	C	0.11%	0.13%	0.11%
	SON	C	0.06%	0.08%	0.06%
	SPG	B	0.45%	0.55%	0.45%
	SSNC	B	0.19%	0.18%	0.18%
	STAG	C	0.08%	0.1%	0.08%
	STLD	F	0.19%	0.24%	0.19%
	STT	A	0.29%	0.25%	0.25%
	SW	B	0.13%	0.17%	0.13%
	SWK	B	0.18%	0.17%	0.17%
	SWKS	D	0.19%	0.25%	0.19%
	SYF	C	0.22%	0.19%	0.19%
	TAP	D	0.11%	0.12%	0.11%
	TER	D	0.02%	0.03%	0.02%
	THC	A	0.18%	0.2%	0.18%
	THO	D	0.06%	0.06%	0.06%
	TNL	D	0.03%	0.04%	0.03%
	TOL	B	0.18%	0.18%	0.18%
	TPR	C	0.11%	0.12%	0.11%
	TROW	D	0.26%	0.23%	0.23%
	TWLO	D	0.1%	0.12%	0.1%
	UAL	C	0.19%	0.19%	0.19%
	UGI	C	0.06%	0.09%	0.06%
	UNM	B	0.12%	0.1%	0.1%
	UTHR	C	0.17%	0.06%	0.06%
	VIRT	C	0.03%	0.03%	0.03%
	VRSN	D	0.17%	0.23%	0.17%
	VTRS	D	0.16%	0.17%	0.16%
	WAB	B	0.34%	0.33%	0.33%
	WCC	D	0.08%	0.08%	0.08%
	WH	B	0.06%	0.07%	0.06%
	WLK	D	0.05%	0.07%	0.05%
	WPC	C	0.16%	0.19%	0.16%
	WSM	D	0.09%	0.09%	0.09%
	WTFC	B	0.08%	0.07%	0.07%
	WTW	C	0.34%	0.29%	0.29%
	WU	F	0.03%	0.03%	0.03%
	WY	C	0.27%	0.31%	0.27%
	WYNN	D	0.08%	0.09%	0.08%
	XEL	B	0.41%	0.64%	0.41%
	XRAY	D	0.06%	0.07%	0.06%
	ZION	D	0.08%	0.07%	0.07%
	ZM	C	0.19%	0.26%	0.19%

IWS Overweight 465 Positions Relative to REVS

	Symbol	Grade	Weight
	AFL	C	0.71%
	AJG	D	0.69%
	WMB	B	0.63%
	O	C	0.62%
	OKE	B	0.61%
	DLR	B	0.59%
	CCI	C	0.59%
	FIS	B	0.54%
	KVUE	C	0.51%
	LHX	C	0.5%
	PEG	B	0.48%
	KMI	B	0.47%
	MCHP	F	0.47%
	A	C	0.46%
	ACGL	C	0.46%
	CTVA	B	0.45%
	IQV	C	0.44%
	CTSH	C	0.44%
	AME	C	0.44%
	HUM	F	0.44%
	EXR	B	0.43%
	CBRE	A	0.42%
	FERG	D	0.42%
	IR	C	0.42%
	URI	B	0.42%
	VICI	C	0.41%
	HWM	B	0.41%
	ED	C	0.41%
	DOW	D	0.4%
	DD	B	0.39%
	HIG	B	0.39%
	DFS	B	0.38%
	BKR	C	0.38%
	AVB	B	0.38%
	GEHC	C	0.38%
	CHTR	D	0.37%
	GLW	C	0.37%
	XYL	C	0.36%
	NDAQ	A	0.35%
	MLM	D	0.35%
	WEC	C	0.35%
	ON	D	0.35%
	EQR	B	0.34%
	EFX	B	0.34%
	AWK	B	0.33%
	ANSS	D	0.32%
	MTB	B	0.32%
	GRMN	D	0.31%
	PWR	B	0.31%
	ROK	D	0.31%
	RCL	B	0.3%
	KEYS	C	0.3%
	VTR	C	0.3%
	RMD	C	0.3%
	IFF	B	0.3%
	DOV	B	0.29%
	CHD	D	0.29%
	HSY	C	0.29%
	TTWO	C	0.29%
	FE	C	0.29%
	STE	C	0.28%
	FSLR	C	0.28%
	HAL	F	0.28%
	DVN	F	0.28%
	YUM	D	0.27%
	VMC	D	0.27%
	ES	C	0.27%
	PPL	C	0.27%
	COO	B	0.25%
	HUBB	B	0.25%
	ZBH	F	0.25%
	ATO	B	0.24%
	ILMN	C	0.24%
	BALL	C	0.24%
	SQ	D	0.24%
	WBD	D	0.24%
	MSTR	D	0.24%
	CMS	C	0.24%
	HBAN	B	0.24%
	CINF	B	0.24%
	MKC	C	0.24%
	WDC	D	0.24%
	BBY	C	0.24%
	ESS	B	0.23%
	TDY	B	0.23%
	LNG	C	0.23%
	RF	B	0.23%
	PFG	B	0.22%
	GPC	D	0.22%
	MAA	B	0.22%
	OMC	B	0.22%
	NTRS	A	0.21%
	J	C	0.21%
	SUI	B	0.21%
	MSCI	C	0.21%
	WRB	C	0.21%
	TRU	B	0.21%
	EQT	D	0.21%
	CFG	C	0.21%
	DG	F	0.21%
	LH	C	0.21%
	APTV	D	0.21%
	DGX	B	0.2%
	LUV	C	0.2%
	TSN	C	0.2%
	CNP	C	0.2%
	WSO	C	0.19%
	TXT	D	0.19%
	IP	B	0.19%
	MKL	C	0.18%
	UDR	C	0.18%
	FNF	B	0.18%
	AMCR	B	0.18%
	KIM	C	0.18%
	DOC	C	0.18%
	SYY	D	0.17%
	IRM	C	0.17%
	HOOD	C	0.17%
	CDW	D	0.17%
	AKAM	D	0.17%
	GEN	B	0.17%
	VLTO	C	0.17%
	RVTY	B	0.17%
	KEY	B	0.17%
	IEX	D	0.17%
	PNR	B	0.17%
	LNT	B	0.17%
	ZBRA	B	0.16%
	REG	C	0.16%
	USFD	B	0.16%
	TRMB	C	0.16%
	GGG	C	0.16%
	BRO	C	0.16%
	JBHT	D	0.16%
	ELS	C	0.16%
	NDSN	C	0.16%
	DLTR	F	0.16%
	CLH	A	0.15%
	JKHY	B	0.15%
	CPT	B	0.15%
	IBKR	B	0.15%
	UHS	B	0.15%
	RNR	C	0.15%
	CUBE	B	0.14%
	EMN	B	0.14%
	ALLE	B	0.14%
	SJM	C	0.14%
	BXP	B	0.14%
	HES	F	0.14%
	FDS	C	0.13%
	NVT	D	0.13%
	RIVN	F	0.13%
	AVY	C	0.13%
	ITT	B	0.13%
	JBL	D	0.13%
	SCI	B	0.13%
	CHRW	B	0.13%
	KMX	D	0.13%
	TFX	C	0.13%
	IPG	C	0.13%
	TECH	C	0.13%
	CASY	D	0.13%
	CRL	F	0.12%
	ATR	B	0.12%
	ALB	D	0.12%
	RRX	C	0.12%
	NLY	B	0.12%
	COHR	C	0.12%
	PNW	C	0.12%
	HII	D	0.12%
	NRG	C	0.12%
	OVV	F	0.12%
	FBIN	B	0.12%
	CCK	A	0.12%
	BJ	D	0.12%
	CTLT	B	0.12%
	LKQ	F	0.12%
	REXR	C	0.12%
	EHC	C	0.11%
	HRL	C	0.11%
	RGLD	C	0.11%
	Z	B	0.11%
	CHK	D	0.11%
	MKTX	C	0.11%
	PFGC	B	0.11%
	TTEK	C	0.11%
	FRT	C	0.11%
	CPB	C	0.11%
	AFG	B	0.11%
	WWD	D	0.11%
	WTRG	D	0.11%
	DOX	C	0.11%
	FWONK	C	0.11%
	AFRM	C	0.11%
	OHI	B	0.11%
	KNX	C	0.1%
	CZR	C	0.1%
	LAMR	B	0.1%
	WST	D	0.1%
	APA	F	0.1%
	TTC	D	0.1%
	EVR	A	0.1%
	WAL	B	0.1%
	CG	D	0.1%
	EGP	B	0.1%
	FYBR	C	0.1%
	PRI	B	0.1%
	ORI	B	0.1%
	HSIC	C	0.1%
	CNH	D	0.1%
	DRI	B	0.1%
	DPZ	F	0.1%
	GPK	B	0.1%
	DTM	B	0.09%
	CBSH	C	0.09%
	FR	B	0.09%
	CR	C	0.09%
	WAT	C	0.09%
	ALGN	D	0.09%
	WEX	C	0.09%
	ADC	C	0.09%
	LAD	D	0.09%
	FND	C	0.09%
	KBR	D	0.09%
	VOYA	B	0.09%
	BERY	B	0.09%
	JEF	B	0.09%
	AXTA	B	0.09%
	ATI	C	0.09%
	CMA	B	0.09%
	MOH	D	0.09%
	WBS	D	0.09%
	GWRE	A	0.09%
	CHE	C	0.09%
	AR	F	0.09%
	FCN	D	0.09%
	GMED	D	0.09%
	ALLY	F	0.09%
	APG	D	0.09%
	TKO	B	0.09%
	FMC	C	0.09%
	DAY	D	0.09%
	X	F	0.09%
	PTC	D	0.09%
	RBC	C	0.09%
	AA	D	0.09%
	OGE	C	0.09%
	TW	B	0.09%
	CHRD	F	0.09%
	COLD	D	0.09%
	OSK	F	0.08%
	LSTR	D	0.08%
	PB	B	0.08%
	SNV	C	0.08%
	WBA	F	0.08%
	FAF	B	0.08%
	PR	F	0.08%
	ARW	C	0.08%
	RGEN	F	0.08%
	GNTX	F	0.08%
	SOFI	C	0.08%
	RRC	D	0.08%
	SWN	D	0.08%
	BFAM	C	0.08%
	SSD	D	0.08%
	FICO	B	0.08%
	MKSI	F	0.08%
	ACHC	C	0.08%
	MTZ	B	0.08%
	HR	C	0.08%
	BWXT	D	0.08%
	ELAN	D	0.08%
	AGNC	B	0.08%
	ONTO	D	0.08%
	HLI	B	0.08%
	PNFP	B	0.08%
	BWA	D	0.08%
	AGCO	D	0.07%
	POST	C	0.07%
	SRCL	A	0.07%
	ESI	D	0.07%
	IVZ	B	0.07%
	RITM	B	0.07%
	RLI	B	0.07%
	GXO	D	0.07%
	SIRI	C	0.07%
	OLLI	C	0.07%
	AZPN	B	0.07%
	WMS	D	0.07%
	BBWI	F	0.07%
	LFUS	C	0.07%
	PARA	F	0.07%
	NOV	F	0.07%
	FAST	C	0.07%
	BIO	C	0.07%
	LW	D	0.07%
	CGNX	F	0.07%
	STWD	B	0.07%
	BPOP	C	0.07%
	VNO	B	0.07%
	CART	A	0.07%
	CFR	C	0.07%
	VFC	C	0.07%
	MAT	C	0.07%
	RHI	D	0.07%
	AAL	D	0.07%
	CCCS	D	0.06%
	HXL	F	0.06%
	WSC	D	0.06%
	FNB	C	0.06%
	LBRDK	F	0.06%
	VNT	F	0.06%
	TKR	D	0.06%
	COIN	F	0.06%
	ST	D	0.06%
	WHR	D	0.06%
	IDA	C	0.06%
	KD	D	0.06%
	ALK	C	0.06%
	THG	B	0.06%
	OMF	D	0.06%
	BC	C	0.06%
	MTDR	F	0.06%
	H	C	0.06%
	SN	B	0.06%
	VMI	D	0.06%
	GME	F	0.06%
	NFG	B	0.06%
	MDU	C	0.06%
	DAR	F	0.06%
	GWW	B	0.06%
	MTSI	D	0.06%
	SITE	C	0.05%
	UHAL	A	0.05%
	ROIV	C	0.05%
	DLB	D	0.05%
	BYD	C	0.05%
	PII	D	0.05%
	SLGN	B	0.05%
	CPRI	D	0.05%
	FLO	C	0.05%
	AN	D	0.05%
	W	D	0.05%
	S	C	0.05%
	WTM	D	0.05%
	AGO	C	0.05%
	DOCS	B	0.05%
	CUZ	B	0.05%
	FRPT	B	0.05%
	PSN	B	0.05%
	AL	D	0.05%
	HOG	C	0.05%
	AVT	C	0.05%
	SAIA	D	0.05%
	AMED	C	0.04%
	AM	C	0.04%
	PAYC	D	0.04%
	CNXC	F	0.04%
	NXST	D	0.04%
	NWL	C	0.04%
	PLNT	B	0.04%
	ZI	D	0.04%
	U	D	0.04%
	NVST	D	0.04%
	LBTYA	B	0.04%
	SPR	D	0.04%
	MAN	C	0.04%
	NSA	B	0.04%
	LCID	C	0.04%
	MSGS	B	0.04%
	LBTYK	B	0.04%
	DNB	C	0.04%
	COTY	F	0.04%
	TPG	B	0.04%
	MSM	D	0.04%
	KMPR	D	0.04%
	HUN	D	0.04%
	AWI	B	0.04%
	TYL	C	0.04%
	LITE	B	0.04%
	MPW	C	0.04%
	DXC	C	0.04%
	RH	B	0.04%
	IAC	C	0.04%
	GFS	F	0.04%
	AMP	A	0.04%
	KSS	F	0.03%
	RCM	C	0.03%
	ETSY	F	0.03%
	JWN	C	0.03%
	ENOV	D	0.03%
	MASI	F	0.03%
	BOKF	B	0.03%
	YETI	D	0.03%
	HHH	C	0.03%
	ULTA	D	0.03%
	AAP	F	0.03%
	CC	F	0.03%
	QDEL	D	0.03%
	SHC	C	0.03%
	VAC	F	0.03%
	BRKR	D	0.03%
	AGR	B	0.03%
	SEE	D	0.03%
	BHF	F	0.03%
	CLVT	D	0.03%
	SPB	C	0.03%
	RKT	C	0.03%
	VNOM	C	0.03%
	ZG	B	0.03%
	LOPE	D	0.03%
	PAG	D	0.03%
	CXT	D	0.03%
	FHB	D	0.03%
	IRDM	D	0.03%
	PENN	D	0.03%
	SNDR	B	0.02%
	TRIP	F	0.02%
	UAA	C	0.02%
	UA	D	0.02%
	WEN	C	0.02%
	GO	F	0.02%
	LEG	D	0.02%
	FTRE	D	0.02%
	AS	C	0.02%
	MP	D	0.02%
	BIRK	F	0.02%
	BROS	D	0.02%
	LLYVK	B	0.02%
	HAYW	C	0.02%
	IPGP	F	0.02%
	AZEK	C	0.02%
	VSTS	D	0.02%
	ADT	C	0.02%
	GLOB	D	0.02%
	QS	F	0.02%
	LAZ	B	0.01%
	UI	B	0.01%
	CHH	C	0.01%
	CACC	F	0.01%
	TFSL	C	0.01%
	HCP	B	0.01%
	LBRDA	F	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%
	MTN	D	0.01%
	WOLF	F	0.01%
	DV	F	0.01%
	FIVE	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%
	UHAL	A	0.0%
	UWMC	D	0.0%
	GRAL	F	0.0%
	NFE	F	0.0%
	DJT	F	0.0%

IWS Underweight 61 Positions Relative to REVS

	Symbol	Grade	Weight
	JNJ	C	-5.4%
	JPM	D	-4.68%
	CSCO	C	-3.11%
	XOM	C	-3.09%
	BAC	D	-2.69%
	PM	C	-2.59%
	WFC	D	-1.91%
	CAT	B	-1.63%
	MDT	C	-1.6%
	CVX	D	-1.48%
	BMY	C	-1.32%
	BLK	B	-1.29%
	CI	C	-1.21%
	MO	C	-1.2%
	DIS	D	-1.16%
	C	C	-1.12%
	UPS	D	-1.1%
	T	C	-1.1%
	EQIX	C	-1.09%
	CMCSA	D	-1.08%
	MMC	C	-0.98%
	LMT	C	-0.96%
	UNP	C	-0.93%
	TGT	C	-0.87%
	ABBV	C	-0.83%
	CME	C	-0.8%
	CSX	D	-0.76%
	HCA	B	-0.76%
	FDX	C	-0.74%
	TJX	B	-0.69%
	MMM	B	-0.67%
	MSI	B	-0.6%
	TT	B	-0.6%
	PCAR	D	-0.57%
	CRM	D	-0.55%
	MCK	F	-0.51%
	CL	D	-0.5%
	MET	B	-0.44%
	REGN	C	-0.44%
	EOG	D	-0.42%
	GILD	B	-0.4%
	KHC	C	-0.4%
	KMB	D	-0.38%
	MPC	F	-0.36%
	DELL	D	-0.36%
	PSX	F	-0.33%
	VLO	F	-0.28%
	VRTX	D	-0.25%
	OXY	F	-0.22%
	AMAT	D	-0.2%
	QCOM	D	-0.18%
	AMGN	B	-0.16%
	FTNT	C	-0.14%
	MRNA	F	-0.11%
	BKNG	C	-0.1%
	ADP	B	-0.09%
	XP	D	-0.07%
	CRBG	D	-0.07%
	AZO	D	-0.06%
	CTAS	B	-0.04%
	ADTN	D	-0.02%

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Oil & Gas E&P Utilities - Regulated Electric 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

REVS: Top Represented Industries & Keywords

Industries: Biotechnology Asset Management Diversified Industrials Business Services Banks - Regional - US Packaged Foods Semiconductors Software - Infrastructure Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction Specialty Retail Apparel Manufacturing Broadcasting - TV

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Bank Banking Electricity Mining Electronics Real Estate Investment Trust Telecommunications Biotechnology Chemical Clothing Life Insurance Medicine Building Materials Plastic Aerospace