IWS vs. RWL ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$98.32

Average Daily Volume

118,119

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	IWS	RWL
30 Days	3.11%	2.37%
60 Days	9.24%	9.21%
90 Days	10.48%	6.18%
12 Months	31.20%	29.85%

279 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in RWL	Overlap
A	B	0.48%	0.04%	0.04%
ACGL	A	0.46%	0.09%	0.09%
ADM	F	0.32%	0.5%	0.32%
AEE	A	0.26%	0.04%	0.04%
AES	C	0.16%	0.07%	0.07%
AFL	A	0.71%	0.11%	0.11%
AIZ	B	0.12%	0.07%	0.07%
AJG	C	0.65%	0.06%	0.06%
AKAM	D	0.17%	0.02%	0.02%
ALB	D	0.12%	0.05%	0.05%
ALGN	D	0.09%	0.02%	0.02%
ALL	A	0.47%	0.34%	0.34%
ALLE	A	0.14%	0.02%	0.02%
AMCR	C	0.18%	0.08%	0.08%
AME	C	0.44%	0.04%	0.04%
AMP	A	0.05%	0.1%	0.05%
ANSS	D	0.31%	0.01%	0.01%
AOS	C	0.12%	0.02%	0.02%
APA	F	0.1%	0.05%	0.05%
APTV	D	0.22%	0.12%	0.12%
ARE	D	0.23%	0.02%	0.02%
ATO	A	0.23%	0.02%	0.02%
AVB	C	0.35%	0.02%	0.02%
AVY	D	0.12%	0.05%	0.05%
AWK	D	0.32%	0.02%	0.02%
BALL	C	0.23%	0.07%	0.07%
BAX	D	0.21%	0.08%	0.08%
BBWI	F	0.08%	0.05%	0.05%
BBY	C	0.25%	0.25%	0.25%
BEN	F	0.06%	0.05%	0.05%
BG	F	0.15%	0.31%	0.15%
BIIB	F	0.31%	0.05%	0.05%
BK	A	0.59%	0.22%	0.22%
BKR	B	0.41%	0.16%	0.16%
BLDR	C	0.24%	0.1%	0.1%
BR	B	0.02%	0.04%	0.02%
BRO	A	0.16%	0.03%	0.03%
BWA	C	0.09%	0.09%	0.09%
BXP	B	0.14%	0.02%	0.02%
CAG	D	0.17%	0.07%	0.07%
CAH	B	0.12%	1.25%	0.12%
CBOE	B	0.25%	0.02%	0.02%
CBRE	C	0.42%	0.2%	0.2%
CCI	D	0.58%	0.04%	0.04%
CCL	C	0.2%	0.14%	0.14%
CDW	D	0.16%	0.12%	0.12%
CE	D	0.12%	0.07%	0.07%
CF	A	0.18%	0.04%	0.04%
CFG	C	0.2%	0.07%	0.07%
CHD	D	0.29%	0.03%	0.03%
CHRW	C	0.14%	0.11%	0.11%
CHTR	D	0.35%	0.29%	0.29%
CINF	A	0.24%	0.06%	0.06%
CMI	A	0.5%	0.21%	0.21%
CMS	A	0.24%	0.04%	0.04%
CNC	F	0.44%	0.88%	0.44%
CNP	B	0.21%	0.05%	0.05%
CPB	D	0.1%	0.05%	0.05%
CPT	C	0.14%	0.01%	0.01%
CRL	F	0.11%	0.02%	0.02%
CSGP	F	0.34%	0.01%	0.01%
CTLT	A	0.12%	0.03%	0.03%
CTRA	D	0.2%	0.03%	0.03%
CTSH	B	0.43%	0.11%	0.11%
CTVA	A	0.46%	0.1%	0.1%
CZR	B	0.1%	0.07%	0.07%
DAL	C	0.36%	0.39%	0.36%
DAY	C	0.09%	0.01%	0.01%
DD	C	0.41%	0.08%	0.08%
DFS	A	0.38%	0.14%	0.14%
DG	F	0.21%	0.23%	0.21%
DGX	D	0.19%	0.05%	0.05%
DHI	C	0.64%	0.21%	0.21%
DLR	C	0.58%	0.03%	0.03%
DLTR	F	0.16%	0.18%	0.16%
DOC	C	0.18%	0.01%	0.01%
DOV	C	0.29%	0.05%	0.05%
DOW	B	0.43%	0.27%	0.27%
DPZ	D	0.11%	0.03%	0.03%
DRI	C	0.1%	0.07%	0.07%
DTE	B	0.3%	0.07%	0.07%
DVN	F	0.28%	0.08%	0.08%
EA	D	0.43%	0.04%	0.04%
EBAY	A	0.37%	0.06%	0.06%
ED	C	0.41%	0.08%	0.08%
EFX	D	0.32%	0.03%	0.03%
EG	A	0.16%	0.09%	0.09%
EIX	C	0.37%	0.1%	0.1%
EMN	C	0.15%	0.06%	0.06%
EPAM	F	0.11%	0.03%	0.03%
EQR	C	0.31%	0.02%	0.02%
EQT	C	0.22%	0.03%	0.03%
ES	D	0.27%	0.06%	0.06%
ESS	D	0.21%	0.01%	0.01%
ETR	A	0.32%	0.07%	0.07%
EVRG	C	0.15%	0.03%	0.03%
EXC	C	0.46%	0.13%	0.13%
EXPD	D	0.17%	0.05%	0.05%
EXR	D	0.42%	0.02%	0.02%
FANG	D	0.38%	0.05%	0.05%
FAST	C	0.07%	0.04%	0.04%
FDS	C	0.13%	0.01%	0.01%
FE	C	0.29%	0.07%	0.07%
FFIV	B	0.14%	0.02%	0.02%
FICO	C	0.08%	0.01%	0.01%
FIS	A	0.53%	0.06%	0.06%
FITB	C	0.32%	0.08%	0.08%
FMC	C	0.09%	0.02%	0.02%
FOX	B	0.06%	0.04%	0.04%
FOXA	B	0.11%	0.04%	0.04%
FRT	D	0.1%	0.01%	0.01%
FSLR	C	0.29%	0.02%	0.02%
FTV	C	0.31%	0.04%	0.04%
GEHC	C	0.41%	0.12%	0.12%
GIS	C	0.47%	0.11%	0.11%
GL	C	0.1%	0.03%	0.03%
GLW	C	0.38%	0.08%	0.08%
GNRC	B	0.05%	0.02%	0.02%
GPC	D	0.22%	0.14%	0.14%
GPN	F	0.29%	0.05%	0.05%
GRMN	D	0.3%	0.03%	0.03%
GWW	B	0.07%	0.1%	0.07%
HAL	D	0.3%	0.13%	0.13%
HAS	A	0.01%	0.03%	0.01%
HBAN	B	0.23%	0.07%	0.07%
HES	D	0.15%	0.07%	0.07%
HIG	A	0.39%	0.15%	0.15%
HII	F	0.12%	0.07%	0.07%
HLT	A	0.31%	0.07%	0.07%
HOLX	D	0.21%	0.02%	0.02%
HPE	B	0.29%	0.2%	0.2%
HPQ	B	0.29%	0.33%	0.29%
HRL	F	0.1%	0.07%	0.07%
HSIC	D	0.1%	0.07%	0.07%
HST	D	0.14%	0.03%	0.03%
HSY	D	0.27%	0.06%	0.06%
HUBB	A	0.26%	0.03%	0.03%
HUM	F	0.38%	0.62%	0.38%
HWM	A	0.43%	0.04%	0.04%
IEX	D	0.18%	0.02%	0.02%
IFF	D	0.3%	0.07%	0.07%
INCY	B	0.11%	0.02%	0.02%
INVH	D	0.24%	0.01%	0.01%
IP	C	0.19%	0.11%	0.11%
IPG	D	0.13%	0.06%	0.06%
IQV	F	0.42%	0.09%	0.09%
IR	A	0.44%	0.04%	0.04%
IRM	B	0.17%	0.03%	0.03%
IVZ	A	0.07%	0.04%	0.04%
J	F	0.18%	0.1%	0.1%
JBHT	D	0.16%	0.07%	0.07%
JBL	C	0.14%	0.21%	0.14%
JKHY	A	0.15%	0.01%	0.01%
JNPR	C	0.14%	0.03%	0.03%
K	B	0.24%	0.08%	0.08%
KEY	B	0.17%	0.06%	0.06%
KEYS	B	0.3%	0.03%	0.03%
KIM	C	0.17%	0.01%	0.01%
KMI	A	0.49%	0.09%	0.09%
KMX	F	0.13%	0.15%	0.13%
KR	C	0.42%	0.85%	0.42%
KVUE	C	0.49%	0.09%	0.09%
L	C	0.16%	0.1%	0.1%
LDOS	A	0.25%	0.09%	0.09%
LEN	C	0.02%	0.2%	0.02%
LEN	C	0.5%	0.2%	0.2%
LHX	A	0.52%	0.12%	0.12%
LKQ	F	0.12%	0.08%	0.08%
LNT	B	0.18%	0.02%	0.02%
LUV	B	0.2%	0.16%	0.16%
LW	D	0.07%	0.04%	0.04%
LYB	B	0.28%	0.24%	0.24%
MAA	D	0.21%	0.01%	0.01%
MAS	C	0.21%	0.05%	0.05%
MCHP	F	0.46%	0.04%	0.04%
MGM	D	0.1%	0.1%	0.1%
MHK	C	0.09%	0.06%	0.06%
MKC	C	0.24%	0.04%	0.04%
MKTX	B	0.11%	0.0%	0.0%
MLM	F	0.35%	0.04%	0.04%
MOH	F	0.08%	0.2%	0.08%
MOS	F	0.1%	0.07%	0.07%
MRO	B	0.17%	0.04%	0.04%
MSCI	B	0.21%	0.02%	0.02%
MTB	A	0.32%	0.08%	0.08%
MTCH	B	0.11%	0.02%	0.02%
MTD	C	0.35%	0.02%	0.02%
NDAQ	C	0.34%	0.04%	0.04%
NDSN	C	0.17%	0.02%	0.02%
NI	A	0.18%	0.03%	0.03%
NRG	A	0.13%	0.18%	0.13%
NTAP	D	0.16%	0.04%	0.04%
NTRS	B	0.2%	0.08%	0.08%
NUE	D	0.41%	0.2%	0.2%
NVR	C	0.32%	0.06%	0.06%
NWS	D	0.04%	0.03%	0.03%
NWSA	D	0.11%	0.03%	0.03%
O	C	0.62%	0.03%	0.03%
OKE	A	0.6%	0.11%	0.11%
OMC	C	0.22%	0.09%	0.09%
ON	F	0.34%	0.05%	0.05%
OTIS	A	0.47%	0.09%	0.09%
PARA	F	0.07%	0.17%	0.07%
PAYC	D	0.03%	0.01%	0.01%
PAYX	B	0.33%	0.03%	0.03%
PCG	C	0.48%	0.14%	0.14%
PEG	A	0.51%	0.06%	0.06%
PFG	A	0.22%	0.09%	0.09%
PHM	C	0.33%	0.1%	0.1%
PKG	B	0.21%	0.05%	0.05%
PNR	C	0.18%	0.02%	0.02%
PNW	C	0.12%	0.03%	0.03%
PPG	D	0.34%	0.11%	0.11%
PPL	C	0.28%	0.05%	0.05%
PRU	B	0.48%	0.36%	0.36%
PTC	B	0.09%	0.01%	0.01%
PWR	A	0.33%	0.14%	0.14%
QRVO	F	0.11%	0.02%	0.02%
RCL	B	0.3%	0.1%	0.1%
REG	C	0.15%	0.01%	0.01%
RF	B	0.23%	0.05%	0.05%
RJF	B	0.26%	0.09%	0.09%
RL	B	0.09%	0.04%	0.04%
RMD	C	0.28%	0.03%	0.03%
ROK	D	0.31%	0.05%	0.05%
ROST	D	0.42%	0.12%	0.12%
SBAC	C	0.29%	0.01%	0.01%
SJM	D	0.14%	0.05%	0.05%
SNA	C	0.17%	0.03%	0.03%
SOLV	C	0.11%	0.05%	0.05%
SPG	A	0.46%	0.03%	0.03%
STE	D	0.26%	0.03%	0.03%
STLD	C	0.22%	0.11%	0.11%
STT	A	0.29%	0.12%	0.12%
SW	C	0.28%	0.12%	0.12%
SWK	C	0.19%	0.09%	0.09%
SWKS	F	0.17%	0.02%	0.02%
SYF	A	0.22%	0.12%	0.12%
SYY	D	0.17%	0.46%	0.17%
TAP	D	0.11%	0.07%	0.07%
TDY	A	0.23%	0.03%	0.03%
TECH	D	0.14%	0.01%	0.01%
TER	C	0.02%	0.02%	0.02%
TFX	C	0.13%	0.02%	0.02%
TPR	B	0.12%	0.04%	0.04%
TRMB	B	0.17%	0.02%	0.02%
TROW	D	0.26%	0.04%	0.04%
TSN	D	0.19%	0.29%	0.19%
TTWO	D	0.29%	0.03%	0.03%
TXT	F	0.18%	0.08%	0.08%
TYL	D	0.04%	0.01%	0.01%
UAL	A	0.21%	0.37%	0.21%
UDR	C	0.17%	0.01%	0.01%
UHS	D	0.15%	0.09%	0.09%
ULTA	D	0.03%	0.07%	0.03%
URI	C	0.46%	0.09%	0.09%
VICI	C	0.38%	0.02%	0.02%
VLTO	A	0.17%	0.03%	0.03%
VMC	D	0.27%	0.05%	0.05%
VRSN	C	0.17%	0.01%	0.01%
VTR	C	0.29%	0.03%	0.03%
VTRS	D	0.15%	0.09%	0.09%
WAB	A	0.36%	0.06%	0.06%
WAT	B	0.09%	0.02%	0.02%
WBA	F	0.07%	0.77%	0.07%
WBD	F	0.22%	0.22%	0.22%
WDC	C	0.25%	0.08%	0.08%
WEC	B	0.34%	0.05%	0.05%
WMB	A	0.63%	0.06%	0.06%
WRB	C	0.19%	0.07%	0.07%
WST	D	0.1%	0.02%	0.02%
WTW	C	0.34%	0.06%	0.06%
WY	C	0.28%	0.04%	0.04%
WYNN	B	0.11%	0.05%	0.05%
XEL	C	0.41%	0.08%	0.08%
XYL	C	0.36%	0.05%	0.05%
YUM	C	0.27%	0.04%	0.04%
ZBH	F	0.25%	0.04%	0.04%
ZBRA	B	0.16%	0.03%	0.03%

IWS Overweight 427 Positions Relative to RWL

Symbol	Grade	Weight
FERG	F	0.42%
MSTR	B	0.27%
COO	C	0.24%
SQ	D	0.24%
FCNCA	D	0.24%
LNG	A	0.23%
ILMN	B	0.23%
LH	D	0.21%
CHK	C	0.21%
TRU	C	0.21%
CSL	A	0.2%
ZM	B	0.2%
SUI	D	0.19%
RS	D	0.19%
WSO	C	0.19%
AVTR	D	0.19%
UTHR	C	0.18%
TOL	C	0.18%
SSNC	C	0.18%
FNF	C	0.18%
GEN	A	0.17%
HOOD	B	0.17%
OC	C	0.17%
RVTY	C	0.17%
MKL	B	0.17%
THC	D	0.17%
ACM	A	0.16%
RNR	A	0.16%
USFD	C	0.16%
RGA	B	0.16%
GGG	C	0.16%
IBKR	A	0.16%
ELS	D	0.15%
BMRN	F	0.15%
WPC	C	0.15%
GLPI	C	0.15%
EME	B	0.14%
ITT	C	0.14%
CLH	B	0.14%
CVNA	A	0.14%
AMH	D	0.14%
CW	A	0.14%
SCI	D	0.13%
BJ	B	0.13%
CCK	C	0.13%
NVT	C	0.13%
CASY	D	0.13%
COHR	B	0.13%
FTI	B	0.13%
CUBE	C	0.13%
RPM	A	0.13%
BLD	D	0.13%
PFGC	A	0.12%
Z	C	0.12%
DKS	D	0.12%
ATR	A	0.12%
OVV	D	0.12%
REXR	D	0.12%
RRX	B	0.12%
FBIN	C	0.12%
UNM	A	0.12%
EWBC	B	0.12%
CACI	A	0.12%
RPRX	D	0.12%
CG	B	0.11%
EHC	C	0.11%
WTRG	D	0.11%
CNH	C	0.11%
AFG	A	0.11%
AA	B	0.11%
NTNX	C	0.11%
NLY	C	0.11%
TTEK	A	0.11%
OHI	C	0.11%
DOX	B	0.11%
ARMK	C	0.11%
FWONK	D	0.11%
WWD	C	0.11%
LAMR	C	0.1%
RIVN	F	0.1%
ALSN	A	0.1%
RBC	C	0.1%
LAD	C	0.1%
FYBR	C	0.1%
JLL	C	0.1%
TWLO	B	0.1%
SNX	C	0.1%
DCI	B	0.1%
NNN	C	0.1%
TW	A	0.1%
CIEN	A	0.1%
ORI	A	0.1%
GPK	D	0.1%
EGP	D	0.1%
INGR	B	0.1%
NYT	C	0.1%
AFRM	C	0.1%
WAL	C	0.1%
TTC	F	0.1%
EVR	C	0.1%
AYI	A	0.1%
PRI	A	0.1%
SF	A	0.1%
RGLD	C	0.1%
AGNC	B	0.09%
HLI	A	0.09%
CR	A	0.09%
MTZ	A	0.09%
WBS	D	0.09%
DTM	A	0.09%
BERY	C	0.09%
JEF	A	0.09%
ACI	F	0.09%
X	F	0.09%
WEX	C	0.09%
AXTA	C	0.09%
CMA	C	0.09%
WSM	C	0.09%
CHE	D	0.09%
COKE	C	0.09%
GMED	B	0.09%
COLD	D	0.09%
ROKU	C	0.09%
KBR	A	0.09%
VOYA	A	0.09%
BRBR	A	0.09%
CHRD	F	0.09%
FCN	C	0.09%
SKX	B	0.09%
BWXT	A	0.09%
ATI	C	0.09%
FHN	D	0.09%
FND	C	0.09%
GWRE	A	0.09%
OGE	C	0.09%
KNX	D	0.09%
GME	D	0.09%
ALLY	F	0.09%
AR	C	0.09%
BRX	C	0.09%
TKO	A	0.09%
AAL	D	0.08%
WTFC	B	0.08%
RHI	D	0.08%
HR	D	0.08%
JAZZ	F	0.08%
WMS	D	0.08%
FLS	A	0.08%
CBSH	D	0.08%
BFAM	C	0.08%
GNTX	D	0.08%
SEIC	B	0.08%
CROX	C	0.08%
VNO	B	0.08%
G	A	0.08%
CART	B	0.08%
VFC	A	0.08%
DINO	F	0.08%
ARW	C	0.08%
RGEN	F	0.08%
STAG	D	0.08%
PNFP	B	0.08%
HRB	C	0.08%
KEX	C	0.08%
ELAN	D	0.08%
PR	D	0.08%
SAIC	A	0.08%
WCC	D	0.08%
RRC	D	0.08%
FR	D	0.08%
MIDD	D	0.08%
ONTO	B	0.08%
SSD	B	0.08%
APG	F	0.08%
ADC	C	0.08%
EXAS	C	0.08%
LECO	D	0.08%
DAR	F	0.07%
OLLI	C	0.07%
ESAB	C	0.07%
GXO	D	0.07%
ESI	C	0.07%
MTSI	B	0.07%
LEA	F	0.07%
AGCO	D	0.07%
BPOP	D	0.07%
SNV	D	0.07%
RLI	A	0.07%
R	C	0.07%
AXS	A	0.07%
STWD	C	0.07%
PB	D	0.07%
AZPN	A	0.07%
MSA	F	0.07%
LFUS	C	0.07%
CFR	B	0.07%
NOV	F	0.07%
OKTA	F	0.07%
OSK	F	0.07%
CRUS	D	0.07%
MAT	B	0.07%
CGNX	F	0.07%
BIO	B	0.07%
MTG	A	0.07%
MKSI	F	0.07%
LSTR	F	0.07%
SOFI	C	0.07%
ZION	D	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%
LNC	B	0.06%
OMF	D	0.06%
UGI	C	0.06%
VNT	F	0.06%
COIN	F	0.06%
IDA	D	0.06%
ST	F	0.06%
COLB	C	0.06%
S	C	0.06%
XRAY	D	0.06%
THG	A	0.06%
SON	D	0.06%
TKR	B	0.06%
PVH	D	0.06%
NFG	A	0.06%
WH	C	0.06%
MDU	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%
H	B	0.06%
BC	C	0.06%
THO	C	0.06%
WHR	C	0.06%
ACHC	F	0.06%
ALK	C	0.06%
VMI	B	0.06%
SN	A	0.06%
POST	C	0.06%
RH	C	0.05%
CLF	D	0.05%
UHAL	C	0.05%
AGO	B	0.05%
LITE	A	0.05%
DBX	C	0.05%
SITE	D	0.05%
PII	D	0.05%
GAP	F	0.05%
M	D	0.05%
ASH	F	0.05%
EEFT	F	0.05%
FLO	D	0.05%
SLGN	B	0.05%
FRPT	A	0.05%
BYD	B	0.05%
WTM	C	0.05%
CUZ	C	0.05%
DLB	D	0.05%
OZK	D	0.05%
KRC	C	0.05%
AN	D	0.05%
HOG	D	0.05%
AL	D	0.05%
RYN	C	0.05%
OLED	B	0.05%
LINE	F	0.05%
SAIA	D	0.05%
CPRI	C	0.05%
PSN	A	0.05%
SLM	B	0.05%
AVT	B	0.05%
FNB	D	0.05%
WSC	D	0.05%
ROIV	D	0.05%
JHG	A	0.05%
OGN	F	0.05%
DOCS	A	0.05%
NWL	D	0.04%
ZI	F	0.04%
AM	A	0.04%
NXST	D	0.04%
AMTM	D	0.04%
PLNT	B	0.04%
AMKR	F	0.04%
NSA	D	0.04%
IRDM	C	0.04%
NVST	D	0.04%
VNOM	A	0.04%
SPR	D	0.04%
MAN	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%
MSGS	A	0.04%
LBTYA	C	0.04%
U	D	0.04%
GTES	C	0.04%
DXC	C	0.04%
SMG	C	0.04%
EPR	C	0.04%
TPG	A	0.04%
KMPR	D	0.04%
NEU	F	0.04%
CIVI	F	0.04%
GFS	F	0.04%
IAC	C	0.04%
AWI	A	0.04%
HUN	B	0.04%
MSM	D	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%
CRI	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%
SPB	C	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%
BHF	D	0.03%
ALGM	F	0.03%
MASI	B	0.03%
CC	D	0.03%
CXT	F	0.03%
COLM	B	0.03%
PENN	D	0.03%
LOPE	D	0.03%
SEE	C	0.03%
FHB	D	0.03%
LCID	F	0.03%
CNM	F	0.03%
WU	D	0.03%
PK	D	0.03%
ZG	C	0.03%
PAG	D	0.03%
TNL	B	0.03%
AMED	D	0.03%
CERT	F	0.02%
LYFT	D	0.02%
TRIP	D	0.02%
WEN	B	0.02%
INFA	D	0.02%
FTRE	F	0.02%
UA	B	0.02%
UAA	B	0.02%
GO	F	0.02%
REYN	D	0.02%
LEG	D	0.02%
PPC	C	0.02%
QS	F	0.02%
BIRK	F	0.02%
PSTG	F	0.02%
VSTS	D	0.02%
IPGP	D	0.02%
AZEK	D	0.02%
PINC	F	0.02%
SAM	D	0.02%
GLOB	D	0.02%
ADT	D	0.02%
ETSY	F	0.02%
LPX	C	0.02%
BROS	F	0.02%
HAYW	C	0.02%
JWN	D	0.02%
RCM	B	0.02%
IONS	F	0.01%
CHH	A	0.01%
PLTK	C	0.01%
UI	B	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%
FIVE	D	0.01%
MTN	D	0.01%
HCP	A	0.01%
DV	F	0.01%
FWONA	C	0.01%
ALAB	C	0.01%
CNA	D	0.01%
WOLF	F	0.01%
DDS	D	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 219 Positions Relative to RWL

Symbol	Grade	Weight
WMT	A	-3.75%
AMZN	C	-3.53%
AAPL	C	-2.24%
BRK.A	B	-2.14%
CVS	D	-2.11%
UNH	B	-2.11%
XOM	A	-1.97%
MCK	F	-1.65%
JPM	C	-1.56%
COST	C	-1.42%
MSFT	D	-1.4%
CI	D	-1.16%
CVX	B	-1.14%
BAC	B	-1.1%
F	D	-1.03%
C	B	-1.03%
GM	D	-1.0%
GOOG	B	-0.97%
GOOGL	B	-0.96%
META	A	-0.92%
ELV	F	-0.92%
HD	A	-0.9%
PSX	D	-0.89%
MPC	D	-0.84%
VLO	F	-0.81%
VZ	C	-0.77%
WFC	B	-0.75%
CMCSA	B	-0.72%
GS	B	-0.72%
T	B	-0.7%
TGT	C	-0.63%
MS	A	-0.62%
TSLA	C	-0.6%
DELL	C	-0.58%
NVDA	B	-0.57%
DIS	D	-0.54%
UPS	D	-0.53%
LOW	C	-0.5%
PEP	F	-0.5%
PG	D	-0.48%
JNJ	D	-0.48%
FDX	F	-0.46%
TMUS	A	-0.45%
CAT	A	-0.43%
RTX	A	-0.42%
MET	A	-0.42%
AXP	A	-0.42%
LMT	A	-0.41%
BA	F	-0.41%
HCA	C	-0.4%
PGR	B	-0.38%
INTC	D	-0.38%
IBM	A	-0.37%
ACN	B	-0.37%
MRK	F	-0.35%
CSCO	A	-0.33%
NKE	D	-0.33%
DE	C	-0.33%
COF	A	-0.32%
COP	D	-0.32%
ORCL	A	-0.32%
CB	A	-0.31%
ABBV	C	-0.31%
TJX	D	-0.31%
PFE	D	-0.31%
AVGO	B	-0.28%
BMY	A	-0.27%
KO	C	-0.26%
TRV	B	-0.25%
GD	C	-0.25%
AIG	C	-0.24%
USB	C	-0.24%
UBER	C	-0.24%
TMO	D	-0.24%
GE	B	-0.23%
NOC	B	-0.23%
HON	C	-0.22%
LLY	D	-0.22%
QCOM	D	-0.22%
ABT	C	-0.22%
CRM	B	-0.22%
SBUX	B	-0.21%
SLB	D	-0.21%
PCAR	D	-0.21%
NFLX	A	-0.21%
PM	D	-0.2%
GEV	A	-0.2%
PYPL	A	-0.2%
MDLZ	D	-0.2%
V	B	-0.19%
LIN	C	-0.19%
PNC	C	-0.19%
MDT	C	-0.18%
CEG	A	-0.17%
DUK	C	-0.17%
AMGN	D	-0.17%
FCX	B	-0.17%
AMAT	C	-0.17%
GILD	A	-0.16%
JCI	C	-0.16%
AMD	C	-0.15%
MMM	C	-0.15%
KHC	F	-0.15%
MU	D	-0.15%
SO	A	-0.15%
LYV	A	-0.15%
TFC	D	-0.15%
SCHW	D	-0.15%
MA	A	-0.15%
ETN	B	-0.15%
MCD	A	-0.15%
MAR	A	-0.15%
OXY	D	-0.15%
NEE	C	-0.14%
EOG	B	-0.14%
BKNG	B	-0.14%
CARR	A	-0.14%
DHR	D	-0.14%
KKR	A	-0.14%
MMC	D	-0.13%
SHW	C	-0.13%
UNP	F	-0.13%
BLK	A	-0.12%
WM	B	-0.12%
SYK	C	-0.12%
PH	A	-0.12%
EL	D	-0.11%
ADP	A	-0.11%
AEP	C	-0.11%
CL	D	-0.11%
MO	D	-0.11%
ADBE	F	-0.11%
TT	A	-0.11%
FI	A	-0.11%
BDX	C	-0.11%
KMB	D	-0.11%
VST	A	-0.11%
ORLY	A	-0.1%
TXN	C	-0.1%
EMR	B	-0.1%
AZO	D	-0.1%
KDP	C	-0.09%
BSX	A	-0.09%
RSG	D	-0.09%
NEM	C	-0.09%
INTU	F	-0.09%
ECL	C	-0.09%
TRGP	A	-0.09%
TEL	D	-0.09%
LRCX	D	-0.09%
ITW	C	-0.09%
NXPI	F	-0.08%
LVS	B	-0.08%
APH	D	-0.08%
D	A	-0.08%
AON	A	-0.08%
EXPE	B	-0.08%
CSX	D	-0.08%
TSCO	A	-0.08%
ABNB	D	-0.07%
NSC	C	-0.07%
REGN	D	-0.07%
DVA	C	-0.07%
APD	C	-0.07%
SRE	C	-0.07%
SPGI	C	-0.07%
SMCI	F	-0.07%
VRTX	D	-0.06%
NCLH	C	-0.06%
ADI	B	-0.06%
NOW	B	-0.06%
LULU	D	-0.06%
STZ	D	-0.06%
ICE	A	-0.06%
KLAC	B	-0.06%
MSI	A	-0.06%
BX	C	-0.06%
AMT	D	-0.06%
CMG	C	-0.06%
EQIX	C	-0.05%
ZTS	C	-0.05%
CTAS	C	-0.05%
MCO	D	-0.04%
SNPS	F	-0.04%
ROP	D	-0.04%
ANET	A	-0.04%
CLX	C	-0.04%
WELL	C	-0.04%
STX	C	-0.04%
PLD	D	-0.04%
ISRG	C	-0.04%
MNST	D	-0.04%
TDG	A	-0.04%
PANW	B	-0.04%
CPRT	B	-0.03%
DECK	B	-0.03%
GDDY	B	-0.03%
PSA	C	-0.03%
MRNA	F	-0.03%
POOL	D	-0.03%
FTNT	A	-0.03%
EW	F	-0.03%
CME	A	-0.03%
ADSK	B	-0.03%
ODFL	F	-0.03%
IT	A	-0.03%
VRSK	D	-0.02%
ROL	C	-0.02%
ERIE	A	-0.02%
CPAY	A	-0.02%
CRWD	D	-0.02%
DXCM	F	-0.02%
IDXX	D	-0.02%
CDNS	D	-0.02%
ENPH	F	-0.01%
AXON	A	-0.01%
PODD	C	-0.01%
MPWR	B	-0.01%
PLTR	A	-0.01%