IWS vs. SMMD ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to iShares Russell 2500 ETF (SMMD)

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

SMMD

iShares Russell 2500 ETF

SMMD Description

The investment seeks to track the investment results of the Russell 2500TM Index. The fund generally will invest at least 90% of its assets in the component securities, including indirect investments through the underlying fund, of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of the small- to mid-capitalization sector of the U.S. equity market, as defined by FTSE Russell.

Grade (RS Rating)

Last Trade

$70.85

Average Daily Volume

102,783

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	IWS	SMMD
30 Days	1.53%	3.37%
60 Days	4.98%	7.04%
90 Days	7.44%	8.93%
12 Months	28.97%	28.30%

448 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in SMMD	Overlap
	AA	C	0.12%	0.17%	0.12%
	AAL	B	0.09%	0.14%	0.09%
	AAP	C	0.02%	0.04%	0.02%
	ACHC	F	0.04%	0.06%	0.04%
	ACI	C	0.09%	0.12%	0.09%
	ACM	B	0.16%	0.23%	0.16%
	ADC	A	0.08%	0.11%	0.08%
	ADT	C	0.02%	0.03%	0.02%
	AFG	A	0.11%	0.14%	0.11%
	AFRM	B	0.12%	0.16%	0.12%
	AGCO	F	0.06%	0.09%	0.06%
	AGNC	C	0.08%	0.11%	0.08%
	AGO	B	0.05%	0.07%	0.05%
	AIZ	A	0.12%	0.16%	0.12%
	AL	B	0.05%	0.07%	0.05%
	ALAB	C	0.02%	0.03%	0.02%
	ALGM	F	0.03%	0.04%	0.03%
	ALK	A	0.07%	0.09%	0.07%
	ALLE	D	0.14%	0.19%	0.14%
	ALLY	C	0.1%	0.15%	0.1%
	ALSN	B	0.11%	0.15%	0.11%
	AM	B	0.04%	0.08%	0.04%
	AMED	F	0.03%	0.05%	0.03%
	AMG	B	0.06%	0.09%	0.06%
	AMH	C	0.13%	0.19%	0.13%
	AMKR	F	0.03%	0.05%	0.03%
	AN	C	0.05%	0.06%	0.05%
	AOS	F	0.1%	0.14%	0.1%
	APA	F	0.09%	0.13%	0.09%
	APG	C	0.09%	0.12%	0.09%
	AR	B	0.09%	0.12%	0.09%
	ARMK	B	0.11%	0.16%	0.11%
	ARW	F	0.07%	0.1%	0.07%
	AS	B	0.01%	0.02%	0.01%
	ASH	F	0.04%	0.07%	0.04%
	ATI	F	0.08%	0.1%	0.08%
	ATR	A	0.13%	0.18%	0.13%
	AVT	C	0.06%	0.08%	0.06%
	AVY	F	0.11%	0.26%	0.11%
	AWI	B	0.05%	0.1%	0.05%
	AXS	A	0.07%	0.1%	0.07%
	AXTA	A	0.1%	0.13%	0.1%
	AYI	A	0.11%	0.15%	0.11%
	AZEK	B	0.02%	0.1%	0.02%
	AZPN	A	0.07%	0.1%	0.07%
	AZTA	F	0.03%	0.04%	0.03%
	BBWI	C	0.07%	0.11%	0.07%
	BC	D	0.06%	0.09%	0.06%
	BERY	D	0.08%	0.12%	0.08%
	BFAM	F	0.06%	0.1%	0.06%
	BHF	B	0.03%	0.05%	0.03%
	BILL	B	0.06%	0.09%	0.06%
	BIO	C	0.08%	0.11%	0.08%
	BIRK	F	0.02%	0.03%	0.02%
	BJ	B	0.13%	0.18%	0.13%
	BLD	F	0.12%	0.19%	0.12%
	BOKF	B	0.03%	0.04%	0.03%
	BPOP	C	0.07%	0.1%	0.07%
	BRBR	A	0.1%	0.14%	0.1%
	BRKR	F	0.03%	0.1%	0.03%
	BROS	B	0.03%	0.06%	0.03%
	BRX	A	0.09%	0.13%	0.09%
	BWA	B	0.08%	0.12%	0.08%
	BWXT	B	0.1%	0.17%	0.1%
	BXP	D	0.14%	0.2%	0.14%
	BYD	A	0.06%	0.07%	0.06%
	CACC	D	0.01%	0.04%	0.01%
	CACI	C	0.14%	0.19%	0.14%
	CAR	C	0.01%	0.02%	0.01%
	CART	C	0.09%	0.12%	0.09%
	CASY	B	0.14%	0.23%	0.14%
	CBSH	A	0.09%	0.12%	0.09%
	CC	C	0.03%	0.05%	0.03%
	CCCS	B	0.06%	0.08%	0.06%
	CCK	D	0.12%	0.17%	0.12%
	CERT	F	0.01%	0.02%	0.01%
	CFR	B	0.09%	0.12%	0.09%
	CG	B	0.12%	0.17%	0.12%
	CGNX	C	0.08%	0.11%	0.08%
	CHE	D	0.08%	0.12%	0.08%
	CHH	B	0.01%	0.06%	0.01%
	CHRD	D	0.09%	0.12%	0.09%
	CHRW	A	0.14%	0.19%	0.14%
	CIEN	B	0.11%	0.15%	0.11%
	CIVI	D	0.04%	0.08%	0.04%
	CLF	F	0.05%	0.08%	0.05%
	CLH	B	0.14%	0.19%	0.14%
	CLVT	F	0.02%	0.04%	0.02%
	CMA	A	0.1%	0.13%	0.1%
	CNM	D	0.03%	0.13%	0.03%
	CNXC	F	0.02%	0.03%	0.02%
	COHR	C	0.16%	0.19%	0.16%
	COKE	C	0.08%	0.11%	0.08%
	COLB	A	0.07%	0.09%	0.07%
	COLD	F	0.07%	0.12%	0.07%
	COLM	B	0.03%	0.04%	0.03%
	COTY	D	0.03%	0.04%	0.03%
	CPRI	F	0.03%	0.04%	0.03%
	CPT	C	0.14%	0.19%	0.14%
	CR	B	0.09%	0.13%	0.09%
	CRI	D	0.02%	0.03%	0.02%
	CRL	C	0.12%	0.15%	0.12%
	CROX	F	0.05%	0.1%	0.05%
	CRUS	F	0.06%	0.09%	0.06%
	CTLT	D	0.12%	0.16%	0.12%
	CUBE	D	0.12%	0.17%	0.12%
	CUZ	B	0.05%	0.07%	0.05%
	CVNA	B	0.19%	0.4%	0.19%
	CW	C	0.16%	0.21%	0.16%
	CWEN	D	0.03%	0.01%	0.01%
	CWEN	D	0.01%	0.01%	0.01%
	CWEN	D	0.01%	0.04%	0.01%
	CWEN	D	0.03%	0.04%	0.03%
	CXT	F	0.03%	0.04%	0.03%
	CZR	F	0.1%	0.13%	0.1%
	DAR	B	0.07%	0.1%	0.07%
	DAY	B	0.12%	0.18%	0.12%
	DBX	B	0.05%	0.1%	0.05%
	DCI	A	0.1%	0.14%	0.1%
	DDS	B	0.01%	0.02%	0.01%
	DINO	D	0.07%	0.1%	0.07%
	DJT	C	0.01%	0.03%	0.01%
	DKS	D	0.11%	0.17%	0.11%
	DLB	D	0.05%	0.07%	0.05%
	DNB	B	0.04%	0.06%	0.04%
	DOCS	B	0.07%	0.08%	0.07%
	DOX	C	0.11%	0.16%	0.11%
	DTM	A	0.1%	0.14%	0.1%
	DV	C	0.01%	0.04%	0.01%
	DXC	B	0.04%	0.06%	0.04%
	ECG	D	0.03%	0.04%	0.03%
	EEFT	C	0.05%	0.07%	0.05%
	EG	D	0.14%	0.24%	0.14%
	EGP	D	0.09%	0.13%	0.09%
	EHC	B	0.11%	0.16%	0.11%
	ELAN	C	0.07%	0.1%	0.07%
	ELS	B	0.14%	0.2%	0.14%
	EME	B	0.16%	0.34%	0.16%
	ENOV	C	0.03%	0.04%	0.03%
	EPR	D	0.04%	0.05%	0.04%
	EQT	B	0.25%	0.34%	0.25%
	ESAB	B	0.08%	0.11%	0.08%
	ESI	B	0.07%	0.1%	0.07%
	ETSY	D	0.02%	0.1%	0.02%
	EVR	B	0.12%	0.15%	0.12%
	EWBC	B	0.15%	0.21%	0.15%
	EXAS	F	0.06%	0.2%	0.06%
	EXE	A	0.23%	0.3%	0.23%
	EXEL	B	0.02%	0.15%	0.02%
	EXP	B	0.03%	0.15%	0.03%
	FAF	C	0.07%	0.1%	0.07%
	FBIN	F	0.11%	0.16%	0.11%
	FCN	F	0.08%	0.11%	0.08%
	FDS	A	0.13%	0.28%	0.13%
	FFIV	B	0.15%	0.21%	0.15%
	FHB	B	0.04%	0.05%	0.04%
	FHN	A	0.12%	0.15%	0.12%
	FIVE	F	0.01%	0.08%	0.01%
	FLO	F	0.04%	0.07%	0.04%
	FLS	B	0.09%	0.11%	0.09%
	FMC	F	0.08%	0.12%	0.08%
	FNB	B	0.06%	0.08%	0.06%
	FND	F	0.07%	0.18%	0.07%
	FR	D	0.08%	0.11%	0.08%
	FRPT	B	0.05%	0.11%	0.05%
	FRT	B	0.1%	0.15%	0.1%
	FTI	B	0.13%	0.18%	0.13%
	FTRE	D	0.02%	0.02%	0.02%
	FYBR	D	0.09%	0.13%	0.09%
	G	B	0.09%	0.11%	0.09%
	GAP	B	0.05%	0.07%	0.05%
	GEN	B	0.17%	0.24%	0.17%
	GGG	B	0.16%	0.22%	0.16%
	GL	B	0.11%	0.14%	0.11%
	GLOB	B	0.03%	0.14%	0.03%
	GLPI	D	0.14%	0.21%	0.14%
	GME	C	0.1%	0.13%	0.1%
	GMED	B	0.1%	0.13%	0.1%
	GNRC	B	0.06%	0.17%	0.06%
	GNTX	C	0.08%	0.11%	0.08%
	GO	C	0.02%	0.02%	0.02%
	GPK	D	0.1%	0.13%	0.1%
	GTES	B	0.05%	0.06%	0.05%
	GWRE	A	0.1%	0.24%	0.1%
	GXO	B	0.08%	0.11%	0.08%
	H	B	0.06%	0.1%	0.06%
	HAS	D	0.01%	0.14%	0.01%
	HAYW	B	0.02%	0.04%	0.02%
	HCP	A	0.01%	0.07%	0.01%
	HHH	B	0.03%	0.04%	0.03%
	HII	F	0.09%	0.12%	0.09%
	HIW	D	0.04%	0.05%	0.04%
	HLI	B	0.1%	0.14%	0.1%
	HOG	D	0.04%	0.06%	0.04%
	HOOD	B	0.22%	0.26%	0.22%
	HR	C	0.07%	0.1%	0.07%
	HRB	D	0.07%	0.13%	0.07%
	HSIC	F	0.09%	0.14%	0.09%
	HST	D	0.14%	0.19%	0.14%
	HUN	F	0.04%	0.05%	0.04%
	HXL	F	0.05%	0.08%	0.05%
	IAC	F	0.04%	0.06%	0.04%
	IDA	A	0.06%	0.09%	0.06%
	INFA	F	0.02%	0.03%	0.02%
	INGR	B	0.11%	0.16%	0.11%
	IONS	F	0.01%	0.09%	0.01%
	IPG	F	0.12%	0.18%	0.12%
	IPGP	C	0.02%	0.04%	0.02%
	IRDM	B	0.03%	0.05%	0.03%
	ITT	A	0.14%	0.19%	0.14%
	IVZ	B	0.07%	0.1%	0.07%
	JAZZ	B	0.08%	0.11%	0.08%
	JBL	C	0.15%	0.22%	0.15%
	JEF	B	0.1%	0.18%	0.1%
	JHG	A	0.06%	0.09%	0.06%
	JKHY	C	0.14%	0.21%	0.14%
	JLL	C	0.1%	0.21%	0.1%
	JNPR	D	0.14%	0.2%	0.14%
	JWN	B	0.02%	0.04%	0.02%
	KBR	D	0.1%	0.14%	0.1%
	KD	A	0.07%	0.08%	0.07%
	KEX	A	0.08%	0.11%	0.08%
	KIM	A	0.18%	0.25%	0.18%
	KMPR	A	0.04%	0.06%	0.04%
	KNX	C	0.1%	0.13%	0.1%
	KRC	C	0.05%	0.07%	0.05%
	KSS	D	0.02%	0.03%	0.02%
	LAD	B	0.11%	0.15%	0.11%
	LAMR	D	0.09%	0.18%	0.09%
	LAZ	C	0.0%	0.09%	0.0%
	LBRDA	C	0.01%	0.02%	0.01%
	LBRDK	C	0.09%	0.16%	0.09%
	LBTYA	F	0.04%	0.05%	0.04%
	LBTYK	F	0.04%	0.05%	0.04%
	LCID	F	0.02%	0.03%	0.02%
	LEA	F	0.06%	0.08%	0.06%
	LECO	C	0.09%	0.17%	0.09%
	LEG	F	0.02%	0.03%	0.02%
	LFUS	D	0.07%	0.1%	0.07%
	LITE	B	0.06%	0.07%	0.06%
	LLYVA	B	0.01%	0.02%	0.01%
	LLYVK	B	0.03%	0.04%	0.03%
	LNC	B	0.06%	0.07%	0.06%
	LOAR	C	0.0%	0.01%	0.0%
	LOPE	B	0.04%	0.06%	0.04%
	LPX	A	0.02%	0.11%	0.02%
	LSCC	D	0.01%	0.11%	0.01%
	LSTR	B	0.07%	0.1%	0.07%
	LYFT	B	0.02%	0.08%	0.02%
	M	C	0.05%	0.07%	0.05%
	MAN	F	0.03%	0.05%	0.03%
	MASI	B	0.04%	0.1%	0.04%
	MAT	C	0.07%	0.11%	0.07%
	MDU	D	0.04%	0.05%	0.04%
	MHK	D	0.08%	0.11%	0.08%
	MIDD	D	0.08%	0.11%	0.08%
	MKSI	C	0.08%	0.11%	0.08%
	MKTX	C	0.11%	0.16%	0.11%
	MOS	D	0.1%	0.14%	0.1%
	MP	C	0.03%	0.04%	0.03%
	MPW	F	0.03%	0.04%	0.03%
	MSA	D	0.07%	0.1%	0.07%
	MSGS	B	0.04%	0.06%	0.04%
	MSM	C	0.04%	0.06%	0.04%
	MTCH	F	0.09%	0.15%	0.09%
	MTDR	B	0.07%	0.1%	0.07%
	MTG	C	0.07%	0.1%	0.07%
	MTN	C	0.01%	0.1%	0.01%
	MTSI	B	0.08%	0.1%	0.08%
	MTZ	B	0.1%	0.13%	0.1%
	NCNO	B	0.01%	0.05%	0.01%
	NDSN	B	0.16%	0.22%	0.16%
	NEU	C	0.04%	0.06%	0.04%
	NFE	F	0.0%	0.01%	0.0%
	NFG	D	0.06%	0.09%	0.06%
	NI	A	0.17%	0.25%	0.17%
	NLY	C	0.11%	0.15%	0.11%
	NNN	F	0.08%	0.12%	0.08%
	NOV	C	0.07%	0.09%	0.07%
	NRG	C	0.13%	0.29%	0.13%
	NSA	D	0.03%	0.05%	0.03%
	NTNX	B	0.13%	0.24%	0.13%
	NVST	C	0.04%	0.06%	0.04%
	NVT	C	0.14%	0.18%	0.14%
	NWL	B	0.04%	0.06%	0.04%
	NWS	B	0.04%	0.05%	0.04%
	NWSA	B	0.12%	0.17%	0.12%
	NXST	C	0.03%	0.08%	0.03%
	NYT	C	0.1%	0.13%	0.1%
	OC	A	0.18%	0.24%	0.18%
	OGE	B	0.09%	0.13%	0.09%
	OGN	F	0.04%	0.07%	0.04%
	OHI	C	0.11%	0.16%	0.11%
	OLED	F	0.05%	0.13%	0.05%
	OLLI	C	0.07%	0.09%	0.07%
	OLN	F	0.06%	0.08%	0.06%
	OMF	A	0.07%	0.09%	0.07%
	ONTO	F	0.07%	0.13%	0.07%
	ORI	A	0.1%	0.14%	0.1%
	OSK	B	0.08%	0.11%	0.08%
	OVV	C	0.12%	0.16%	0.12%
	OZK	B	0.05%	0.07%	0.05%
	PAG	B	0.03%	0.04%	0.03%
	PARA	B	0.07%	0.1%	0.07%
	PARAA	B	0.0%	0.0%	0.0%
	PATH	C	0.01%	0.09%	0.01%
	PB	B	0.08%	0.1%	0.08%
	PENN	B	0.03%	0.04%	0.03%
	PFGC	B	0.12%	0.2%	0.12%
	PII	F	0.04%	0.06%	0.04%
	PINC	B	0.03%	0.04%	0.03%
	PK	C	0.03%	0.05%	0.03%
	PKG	B	0.23%	0.32%	0.23%
	PLNT	A	0.04%	0.11%	0.04%
	PLTK	B	0.01%	0.01%	0.01%
	PNFP	B	0.1%	0.13%	0.1%
	PNR	A	0.19%	0.26%	0.19%
	PNW	A	0.11%	0.15%	0.11%
	POST	D	0.06%	0.08%	0.06%
	PPC	C	0.02%	0.03%	0.02%
	PR	C	0.08%	0.14%	0.08%
	PRGO	C	0.04%	0.05%	0.04%
	PRI	B	0.11%	0.15%	0.11%
	PSN	C	0.06%	0.08%	0.06%
	PSTG	D	0.02%	0.24%	0.02%
	PVH	C	0.06%	0.09%	0.06%
	PYCR	B	0.01%	0.02%	0.01%
	QDEL	F	0.03%	0.03%	0.03%
	QRVO	F	0.07%	0.11%	0.07%
	QS	F	0.02%	0.03%	0.02%
	R	B	0.08%	0.1%	0.08%
	RBC	B	0.1%	0.13%	0.1%
	RCM	B	0.02%	0.04%	0.02%
	REG	A	0.15%	0.21%	0.15%
	REXR	F	0.1%	0.15%	0.1%
	REYN	D	0.02%	0.02%	0.02%
	RGA	A	0.16%	0.22%	0.16%
	RGEN	C	0.07%	0.13%	0.07%
	RGLD	C	0.11%	0.15%	0.11%
	RH	C	0.04%	0.08%	0.04%
	RHI	B	0.08%	0.11%	0.08%
	RITM	C	0.06%	0.08%	0.06%
	RIVN	F	0.1%	0.14%	0.1%
	RL	B	0.1%	0.13%	0.1%
	RLI	A	0.07%	0.1%	0.07%
	RNR	D	0.15%	0.21%	0.15%
	ROIV	D	0.05%	0.08%	0.05%
	ROKU	C	0.09%	0.14%	0.09%
	RPM	A	0.14%	0.26%	0.14%
	RRC	B	0.09%	0.11%	0.09%
	RRX	B	0.13%	0.17%	0.13%
	RS	C	0.2%	0.26%	0.2%
	RYN	F	0.05%	0.07%	0.05%
	S	B	0.07%	0.11%	0.07%
	SAIA	B	0.06%	0.21%	0.06%
	SAIC	D	0.08%	0.12%	0.08%
	SAM	B	0.02%	0.04%	0.02%
	SCI	B	0.13%	0.19%	0.13%
	SEB	F	0.01%	0.01%	0.01%
	SEE	C	0.03%	0.07%	0.03%
	SEG	F	0.0%	0.0%	0.0%
	SEIC	A	0.09%	0.12%	0.09%
	SF	A	0.12%	0.16%	0.12%
	SHC	D	0.03%	0.04%	0.03%
	SITE	D	0.05%	0.1%	0.05%
	SKX	F	0.08%	0.13%	0.08%
	SLGN	B	0.05%	0.07%	0.05%
	SLM	A	0.05%	0.07%	0.05%
	SMG	D	0.03%	0.06%	0.03%
	SN	C	0.06%	0.1%	0.06%
	SNA	A	0.2%	0.27%	0.2%
	SNDR	B	0.02%	0.02%	0.02%
	SNV	B	0.09%	0.11%	0.09%
	SNX	C	0.1%	0.14%	0.1%
	SOFI	B	0.12%	0.18%	0.12%
	SON	F	0.05%	0.08%	0.05%
	SPB	A	0.03%	0.04%	0.03%
	SPR	F	0.03%	0.06%	0.03%
	SSD	F	0.08%	0.12%	0.08%
	ST	F	0.05%	0.07%	0.05%
	STAG	D	0.07%	0.11%	0.07%
	STWD	C	0.07%	0.1%	0.07%
	SW	B	0.29%	0.42%	0.29%
	TECH	D	0.13%	0.19%	0.13%
	TFSL	A	0.01%	0.01%	0.01%
	TFX	F	0.1%	0.15%	0.1%
	THC	B	0.17%	0.25%	0.17%
	THG	A	0.06%	0.08%	0.06%
	THO	B	0.06%	0.09%	0.06%
	TKO	D	0.09%	0.15%	0.09%
	TKR	F	0.05%	0.07%	0.05%
	TNL	A	0.04%	0.05%	0.04%
	TOL	B	0.17%	0.24%	0.17%
	TPG	B	0.05%	0.08%	0.05%
	TPR	A	0.13%	0.18%	0.13%
	TRIP	D	0.02%	0.03%	0.02%
	TTC	F	0.1%	0.14%	0.1%
	TTEK	F	0.11%	0.21%	0.11%
	TXG	F	0.01%	0.03%	0.01%
	TXT	D	0.18%	0.24%	0.18%
	U	F	0.04%	0.1%	0.04%
	UA	B	0.02%	0.02%	0.02%
	UAA	B	0.02%	0.03%	0.02%
	UGI	D	0.05%	0.08%	0.05%
	UHAL	D	0.04%	0.11%	0.04%
	UHAL	D	0.04%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.11%	0.0%
	UHS	D	0.13%	0.19%	0.13%
	UI	B	0.01%	0.02%	0.01%
	UNM	A	0.14%	0.17%	0.14%
	USFD	B	0.17%	0.22%	0.17%
	UTHR	B	0.19%	0.26%	0.19%
	UWMC	F	0.0%	0.01%	0.0%
	VAC	B	0.04%	0.04%	0.04%
	VFC	C	0.08%	0.12%	0.08%
	VIRT	B	0.03%	0.04%	0.03%
	VMI	B	0.07%	0.1%	0.07%
	VNO	C	0.09%	0.12%	0.09%
	VNOM	C	0.04%	0.08%	0.04%
	VNT	C	0.07%	0.09%	0.07%
	VOYA	B	0.09%	0.12%	0.09%
	VSTS	D	0.02%	0.03%	0.02%
	W	F	0.04%	0.06%	0.04%
	WAL	B	0.11%	0.14%	0.11%
	WBS	A	0.11%	0.13%	0.11%
	WCC	B	0.1%	0.13%	0.1%
	WEN	C	0.02%	0.05%	0.02%
	WEX	D	0.07%	0.11%	0.07%
	WH	A	0.07%	0.11%	0.07%
	WHR	B	0.06%	0.09%	0.06%
	WMS	F	0.06%	0.17%	0.06%
	WOLF	F	0.01%	0.02%	0.01%
	WSC	F	0.06%	0.11%	0.06%
	WSO	B	0.2%	0.26%	0.2%
	WTFC	B	0.09%	0.12%	0.09%
	WTM	A	0.05%	0.07%	0.05%
	WTRG	C	0.11%	0.16%	0.11%
	WU	F	0.03%	0.04%	0.03%
	WWD	B	0.12%	0.16%	0.12%
	WYNN	C	0.09%	0.14%	0.09%
	X	D	0.1%	0.14%	0.1%
	XRAY	F	0.04%	0.07%	0.04%
	YETI	D	0.03%	0.05%	0.03%
	Z	B	0.13%	0.15%	0.13%
	ZG	B	0.04%	0.04%	0.04%
	ZI	C	0.04%	0.05%	0.04%
	ZION	B	0.09%	0.12%	0.09%

IWS Overweight 262 Positions Relative to SMMD

	Symbol	Grade	Weight
	WMB	B	0.74%
	OKE	A	0.68%
	AFL	C	0.66%
	DLR	C	0.64%
	AJG	A	0.64%
	BK	B	0.62%
	KMI	B	0.56%
	FIS	B	0.54%
	DHI	D	0.54%
	O	D	0.54%
	CMI	A	0.53%
	LHX	B	0.53%
	CCI	F	0.5%
	KVUE	A	0.49%
	PCG	A	0.48%
	URI	B	0.48%
	AME	A	0.48%
	BKR	B	0.47%
	SPG	A	0.47%
	HWM	B	0.47%
	ALL	B	0.47%
	DFS	B	0.47%
	PRU	B	0.47%
	EA	A	0.46%
	PEG	C	0.46%
	LEN	D	0.45%
	IR	A	0.45%
	CBRE	B	0.45%
	OTIS	D	0.44%
	CTVA	C	0.44%
	DAL	A	0.43%
	MSTR	B	0.43%
	KR	A	0.43%
	CTSH	A	0.43%
	A	F	0.43%
	MCHP	F	0.42%
	FERG	B	0.42%
	XEL	A	0.41%
	NUE	D	0.41%
	EXC	C	0.41%
	GIS	F	0.4%
	ACGL	C	0.4%
	CHTR	B	0.4%
	GLW	B	0.4%
	MLM	B	0.39%
	ROST	D	0.39%
	HUM	D	0.38%
	MTB	A	0.38%
	RCL	A	0.38%
	IQV	F	0.38%
	EXR	D	0.38%
	WAB	B	0.38%
	DD	D	0.38%
	ED	D	0.37%
	FANG	C	0.37%
	HIG	C	0.37%
	GEHC	D	0.37%
	GRMN	A	0.36%
	AVB	B	0.36%
	PWR	B	0.36%
	WTW	A	0.35%
	NDAQ	B	0.35%
	DOW	F	0.35%
	VICI	D	0.35%
	EBAY	C	0.34%
	CSGP	F	0.34%
	FITB	A	0.34%
	EIX	C	0.34%
	CNC	F	0.34%
	ETR	B	0.34%
	RJF	A	0.33%
	XYL	F	0.33%
	ON	F	0.33%
	PAYX	B	0.33%
	TTWO	A	0.33%
	WEC	B	0.33%
	PPG	F	0.32%
	HLT	A	0.32%
	ANSS	B	0.32%
	GPN	B	0.31%
	ROK	B	0.31%
	STT	B	0.31%
	HPE	B	0.31%
	UAL	A	0.31%
	VMC	B	0.31%
	KEYS	C	0.31%
	HPQ	B	0.3%
	PHM	D	0.3%
	MTD	F	0.3%
	DOV	A	0.3%
	EQR	C	0.3%
	VTR	C	0.29%
	FTV	C	0.29%
	AWK	D	0.29%
	EFX	F	0.29%
	NVR	D	0.29%
	RMD	C	0.29%
	LDOS	C	0.29%
	TROW	A	0.28%
	HAL	C	0.28%
	FCNCA	B	0.28%
	CHD	A	0.28%
	PPL	A	0.27%
	DVN	F	0.27%
	ADM	F	0.27%
	HUBB	C	0.27%
	HBAN	A	0.27%
	SYF	B	0.27%
	BIIB	F	0.27%
	RF	A	0.26%
	IFF	F	0.26%
	YUM	B	0.26%
	FE	D	0.26%
	CCL	B	0.26%
	SQ	B	0.26%
	AEE	B	0.26%
	SBAC	D	0.26%
	ILMN	C	0.26%
	DTE	D	0.26%
	WDC	D	0.25%
	CINF	A	0.25%
	LNG	B	0.25%
	WY	F	0.25%
	HSY	F	0.24%
	ZBH	C	0.24%
	STLD	C	0.24%
	WBD	B	0.24%
	LYB	F	0.24%
	TDY	B	0.24%
	NTRS	A	0.23%
	K	A	0.23%
	ZM	B	0.23%
	ES	D	0.23%
	STE	D	0.23%
	ATO	B	0.23%
	IP	B	0.22%
	CMS	D	0.22%
	OMC	A	0.22%
	COO	D	0.22%
	LH	B	0.22%
	INVH	D	0.22%
	FSLR	F	0.22%
	CBOE	D	0.22%
	CFG	B	0.22%
	LUV	B	0.21%
	CNP	B	0.21%
	BBY	C	0.21%
	MSCI	B	0.21%
	ESS	C	0.21%
	BLDR	C	0.21%
	TRU	D	0.21%
	MKC	D	0.21%
	PFG	C	0.21%
	ARE	F	0.21%
	J	D	0.2%
	CTRA	B	0.2%
	MAA	C	0.2%
	BALL	D	0.2%
	IEX	B	0.19%
	BAX	F	0.19%
	KEY	B	0.19%
	DGX	B	0.19%
	TRMB	B	0.19%
	MAS	D	0.19%
	WRB	B	0.19%
	CSL	B	0.19%
	IBKR	A	0.19%
	HOLX	D	0.19%
	MKL	A	0.18%
	TSN	B	0.18%
	DG	F	0.18%
	GPC	D	0.18%
	APTV	F	0.17%
	AVTR	F	0.17%
	CF	B	0.17%
	VTRS	B	0.17%
	SUI	F	0.17%
	JBHT	C	0.17%
	FNF	C	0.17%
	DOC	C	0.17%
	MRO	B	0.17%
	SSNC	C	0.17%
	ZBRA	B	0.17%
	VRSN	C	0.16%
	UDR	C	0.16%
	SYY	D	0.16%
	LNT	C	0.16%
	AMCR	D	0.16%
	L	A	0.16%
	IRM	D	0.16%
	RVTY	C	0.16%
	BRO	B	0.16%
	AKAM	F	0.15%
	CAG	F	0.15%
	SWK	F	0.15%
	EVRG	A	0.15%
	HES	B	0.15%
	NTAP	D	0.15%
	EXPD	C	0.15%
	SWKS	F	0.15%
	VLTO	D	0.15%
	INCY	B	0.14%
	TWLO	B	0.14%
	BMRN	F	0.14%
	CDW	F	0.14%
	ALB	C	0.13%
	EMN	D	0.13%
	CAH	B	0.13%
	SJM	F	0.13%
	EPAM	B	0.13%
	BG	D	0.13%
	WPC	F	0.13%
	DLTR	F	0.13%
	FWONK	A	0.12%
	KMX	B	0.12%
	LKQ	C	0.11%
	SOLV	C	0.11%
	RPRX	F	0.11%
	FOXA	A	0.11%
	TAP	B	0.11%
	DPZ	C	0.11%
	HRL	F	0.1%
	WAT	B	0.1%
	PTC	B	0.1%
	CNH	D	0.1%
	TW	B	0.1%
	WST	B	0.1%
	DRI	B	0.1%
	AES	F	0.1%
	LW	B	0.09%
	FICO	B	0.09%
	COIN	B	0.09%
	MGM	D	0.09%
	CPB	F	0.09%
	MOH	F	0.08%
	FAST	B	0.08%
	BEN	C	0.07%
	SIRI	C	0.07%
	WBA	D	0.07%
	WSM	F	0.07%
	OKTA	C	0.07%
	GWW	B	0.07%
	ALGN	D	0.07%
	CE	F	0.07%
	FOX	A	0.06%
	AMTM	D	0.05%
	LINE	F	0.05%
	GFS	C	0.05%
	PAYC	B	0.05%
	WLK	F	0.05%
	AMP	A	0.05%
	ALNY	D	0.04%
	TYL	B	0.04%
	BR	A	0.03%
	ULTA	C	0.03%
	AGR	C	0.03%
	TER	F	0.02%
	LEN	D	0.02%
	RKT	F	0.02%
	CNA	C	0.01%
	FWONA	B	0.01%
	GRAL	B	0.0%

IWS Underweight 53 Positions Relative to SMMD

	Symbol	Grade	Weight
	IWM	B	-41.76%
	TPL	B	-0.36%
	LII	B	-0.31%
	XPO	B	-0.25%
	DT	C	-0.25%
	MANH	C	-0.25%
	FIX	B	-0.23%
	NTRA	B	-0.22%
	TOST	A	-0.21%
	POOL	D	-0.21%
	TXRH	A	-0.2%
	NBIX	C	-0.19%
	EQH	B	-0.19%
	SRPT	F	-0.18%
	NCLH	B	-0.17%
	DUOL	A	-0.17%
	CAVA	C	-0.16%
	KNSL	C	-0.15%
	CHDN	B	-0.15%
	MORN	B	-0.14%
	WING	D	-0.14%
	MUSA	B	-0.14%
	ITCI	B	-0.14%
	TPX	B	-0.13%
	MEDP	D	-0.13%
	PEN	C	-0.13%
	PCTY	B	-0.13%
	LNW	F	-0.13%
	DVA	C	-0.12%
	SMAR	A	-0.12%
	AAON	B	-0.12%
	TREX	C	-0.12%
	ESTC	C	-0.11%
	VKTX	F	-0.11%
	BSY	F	-0.11%
	RYAN	B	-0.11%
	PCOR	B	-0.11%
	CFLT	B	-0.1%
	GTLB	B	-0.1%
	FOUR	B	-0.09%
	CELH	F	-0.09%
	ELF	C	-0.09%
	INSP	F	-0.09%
	WFRD	F	-0.09%
	APPF	B	-0.08%
	VVV	B	-0.08%
	RARE	F	-0.07%
	PEGA	B	-0.06%
	APLS	F	-0.05%
	RNG	C	-0.05%
	TDC	F	-0.04%
	FIVN	C	-0.03%
	MAGN	F	-0.01%

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

SMMD: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Software - Infrastructure Oil & Gas E&P Packaging & Containers Specialty Retail Apparel Manufacturing Asset Management Building Materials Diagnostics & Research Information Technology Services Leisure Semiconductors Aerospace & Defense Business Services Capital Markets Engineering & Construction Medical Care

Keywords: S&P 500 Real Estate Investment Trust Insurance Banking Computing Bank Chemical Electronics Natural Gas Aerospace Mining Telecommunications Biotechnology Medicine Beverage Insurance Products Semiconductor Construction Plastic Supply Chain Management