IWS vs. VFVA ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Vanguard Wellington Fund ETF (VFVA)

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

$130.69

Average Daily Volume

287,737

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$120.46

Average Daily Volume

26,591

Number of Holdings ^*

556

* may have additional holdings in another (foreign) market

Performance

Period	IWS	VFVA
30 Days	1.53%	0.55%
60 Days	5.82%	-2.30%
90 Days	9.68%	7.60%
12 Months	30.00%	26.08%

186 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in VFVA	Overlap
AAL	D	0.08%	0.08%	0.08%
AAP	F	0.03%	0.14%	0.03%
ACGL	B	0.46%	0.2%	0.2%
ADM	F	0.32%	0.44%	0.32%
AFL	A	0.71%	0.1%	0.1%
AGCO	D	0.07%	0.15%	0.07%
AL	D	0.05%	0.53%	0.05%
ALK	C	0.06%	0.21%	0.06%
ALL	C	0.47%	0.19%	0.19%
ALLY	F	0.09%	0.32%	0.09%
ALSN	A	0.1%	0.14%	0.1%
AMG	B	0.06%	0.2%	0.06%
AMKR	F	0.04%	0.13%	0.04%
APA	F	0.1%	0.05%	0.05%
AR	B	0.09%	0.05%	0.05%
ARW	C	0.08%	0.18%	0.08%
AVT	C	0.05%	0.19%	0.05%
AXS	A	0.07%	0.26%	0.07%
BBWI	F	0.08%	0.2%	0.08%
BC	D	0.06%	0.07%	0.06%
BEN	F	0.06%	0.06%	0.06%
BERY	C	0.09%	0.37%	0.09%
BG	F	0.15%	0.26%	0.15%
BHF	F	0.03%	0.24%	0.03%
BK	C	0.59%	0.47%	0.47%
BLDR	B	0.24%	0.06%	0.06%
BOKF	D	0.03%	0.08%	0.03%
BPOP	D	0.07%	0.07%	0.07%
BWA	C	0.09%	0.19%	0.09%
BYD	C	0.05%	0.18%	0.05%
CAG	D	0.17%	0.28%	0.17%
CAH	B	0.12%	0.34%	0.12%
CC	D	0.03%	0.03%	0.03%
CE	C	0.12%	0.33%	0.12%
CF	A	0.18%	0.11%	0.11%
CFG	D	0.2%	0.18%	0.18%
CFR	D	0.07%	0.03%	0.03%
CG	B	0.11%	0.04%	0.04%
CHRD	F	0.09%	0.26%	0.09%
CIVI	F	0.04%	0.18%	0.04%
CLF	F	0.05%	0.2%	0.05%
CMA	C	0.09%	0.14%	0.09%
CNA	D	0.01%	0.09%	0.01%
CNC	F	0.44%	0.17%	0.17%
CNXC	F	0.03%	0.27%	0.03%
COHR	A	0.13%	0.11%	0.11%
COLB	C	0.06%	0.29%	0.06%
CROX	C	0.08%	0.07%	0.07%
CTRA	D	0.2%	0.24%	0.2%
DAL	C	0.36%	0.21%	0.21%
DAR	F	0.07%	0.19%	0.07%
DBX	B	0.05%	0.09%	0.05%
DGX	C	0.19%	0.04%	0.04%
DHI	C	0.64%	0.26%	0.26%
DINO	D	0.08%	0.21%	0.08%
DNB	D	0.04%	0.05%	0.04%
DOW	B	0.43%	0.2%	0.2%
DTM	A	0.09%	0.17%	0.09%
DVN	F	0.28%	0.02%	0.02%
DXC	B	0.04%	0.23%	0.04%
EBAY	A	0.37%	0.04%	0.04%
EG	B	0.16%	0.12%	0.12%
ELAN	C	0.08%	0.15%	0.08%
EMN	C	0.15%	0.09%	0.09%
EQT	B	0.22%	0.11%	0.11%
ESI	C	0.07%	0.03%	0.03%
EWBC	D	0.12%	0.08%	0.08%
FAF	C	0.07%	0.07%	0.07%
FANG	C	0.38%	0.39%	0.38%
FCNCA	D	0.24%	0.13%	0.13%
FHN	D	0.09%	0.18%	0.09%
FIS	B	0.53%	0.25%	0.25%
FNB	D	0.05%	0.21%	0.05%
FNF	B	0.18%	0.13%	0.13%
FOX	A	0.06%	0.39%	0.06%
GIS	C	0.47%	0.19%	0.19%
GL	C	0.1%	0.07%	0.07%
GPK	D	0.1%	0.06%	0.06%
GPN	F	0.29%	0.02%	0.02%
GTES	C	0.04%	0.3%	0.04%
HBAN	D	0.23%	0.07%	0.07%
HIG	B	0.39%	0.07%	0.07%
HII	F	0.12%	0.11%	0.11%
HOG	D	0.05%	0.17%	0.05%
HPE	B	0.29%	0.27%	0.27%
HPQ	B	0.29%	0.5%	0.29%
HRB	C	0.08%	0.17%	0.08%
HUM	F	0.38%	0.27%	0.27%
INGR	B	0.1%	0.16%	0.1%
IP	C	0.19%	0.02%	0.02%
IVZ	B	0.07%	0.18%	0.07%
JAZZ	F	0.08%	0.16%	0.08%
JEF	A	0.09%	0.23%	0.09%
JHG	B	0.05%	0.07%	0.05%
JLL	C	0.1%	0.14%	0.1%
KEY	C	0.17%	0.18%	0.17%
KMI	A	0.49%	0.11%	0.11%
KNX	D	0.09%	0.2%	0.09%
KR	C	0.42%	0.22%	0.22%
LEA	F	0.07%	0.16%	0.07%
LEG	D	0.02%	0.21%	0.02%
LEN	B	0.02%	0.26%	0.02%
LEN	B	0.02%	0.21%	0.02%
LEN	B	0.5%	0.21%	0.21%
LEN	B	0.5%	0.26%	0.26%
LKQ	F	0.12%	0.08%	0.08%
LNC	D	0.06%	0.35%	0.06%
LYB	F	0.28%	0.33%	0.28%
M	F	0.05%	0.19%	0.05%
MAN	D	0.04%	0.13%	0.04%
MDU	C	0.06%	0.18%	0.06%
MHK	B	0.09%	0.4%	0.09%
MKL	C	0.17%	0.04%	0.04%
MOS	F	0.1%	0.19%	0.1%
MTB	C	0.32%	0.18%	0.18%
MTDR	F	0.06%	0.17%	0.06%
MTG	B	0.07%	0.3%	0.07%
NUE	C	0.41%	0.63%	0.41%
NVST	D	0.04%	0.16%	0.04%
NWL	F	0.04%	0.21%	0.04%
NWSA	D	0.11%	0.18%	0.11%
NXST	F	0.04%	0.06%	0.04%
OC	C	0.17%	0.08%	0.08%
OGN	F	0.05%	0.23%	0.05%
OLN	C	0.06%	0.15%	0.06%
OMF	F	0.06%	0.14%	0.06%
ORI	B	0.1%	0.13%	0.1%
OVV	D	0.12%	0.2%	0.12%
OZK	D	0.05%	0.13%	0.05%
PB	D	0.07%	0.17%	0.07%
PENN	D	0.03%	0.07%	0.03%
PFG	C	0.22%	0.06%	0.06%
PHM	A	0.33%	0.33%	0.33%
PINC	F	0.02%	0.15%	0.02%
PLTK	C	0.01%	0.15%	0.01%
PNFP	D	0.08%	0.1%	0.08%
PPC	D	0.02%	0.05%	0.02%
PR	D	0.08%	0.14%	0.08%
PRGO	F	0.04%	0.2%	0.04%
PRU	C	0.48%	0.45%	0.45%
PVH	F	0.06%	0.17%	0.06%
QRVO	F	0.11%	0.15%	0.11%
R	C	0.07%	0.41%	0.07%
RF	C	0.23%	0.11%	0.11%
RGA	C	0.16%	0.05%	0.05%
RJF	B	0.26%	0.09%	0.09%
RNR	A	0.16%	0.14%	0.14%
RPRX	D	0.12%	0.19%	0.12%
RRC	B	0.08%	0.06%	0.06%
RRX	C	0.12%	0.11%	0.11%
RS	D	0.19%	0.02%	0.02%
SAIC	A	0.08%	0.1%	0.08%
SEB	F	0.01%	0.17%	0.01%
SF	A	0.1%	0.14%	0.1%
SLM	C	0.05%	0.04%	0.04%
SNDR	C	0.01%	0.16%	0.01%
SNV	D	0.07%	0.24%	0.07%
SNX	D	0.1%	0.19%	0.1%
SON	D	0.06%	0.15%	0.06%
SSNC	C	0.18%	0.07%	0.07%
ST	F	0.06%	0.18%	0.06%
STLD	B	0.22%	0.16%	0.16%
STT	C	0.29%	0.02%	0.02%
SYF	B	0.22%	0.4%	0.22%
TAP	D	0.11%	0.3%	0.11%
THG	C	0.06%	0.04%	0.04%
TKR	D	0.06%	0.1%	0.06%
TNL	C	0.03%	0.23%	0.03%
TOL	A	0.18%	0.16%	0.16%
TPR	C	0.12%	0.04%	0.04%
TXT	F	0.18%	0.1%	0.1%
UA	B	0.02%	0.11%	0.02%
UAL	B	0.21%	0.29%	0.21%
UHAL	B	0.05%	0.21%	0.05%
UHAL	B	0.0%	0.21%	0.0%
UHS	D	0.15%	0.18%	0.15%
UNM	A	0.12%	0.39%	0.12%
UTHR	C	0.18%	0.23%	0.18%
VAC	D	0.03%	0.1%	0.03%
VTRS	D	0.15%	0.23%	0.15%
WAL	C	0.1%	0.15%	0.1%
WBS	D	0.09%	0.25%	0.09%
WCC	D	0.08%	0.15%	0.08%
WMB	A	0.63%	0.36%	0.36%
XRAY	D	0.06%	0.06%	0.06%
ZION	D	0.07%	0.16%	0.07%

IWS Overweight 522 Positions Relative to VFVA

Symbol	Grade	Weight
AJG	D	0.65%
O	A	0.62%
OKE	A	0.6%
DLR	C	0.58%
CCI	C	0.58%
LHX	A	0.52%
PEG	A	0.51%
CMI	A	0.5%
KVUE	C	0.49%
PCG	C	0.48%
A	B	0.48%
OTIS	A	0.47%
CTVA	A	0.46%
URI	C	0.46%
EXC	A	0.46%
SPG	A	0.46%
MCHP	F	0.46%
AME	D	0.44%
IR	B	0.44%
CTSH	B	0.43%
EA	D	0.43%
HWM	A	0.43%
IQV	F	0.42%
EXR	C	0.42%
ROST	D	0.42%
FERG	F	0.42%
CBRE	B	0.42%
XEL	B	0.41%
ED	A	0.41%
GEHC	C	0.41%
BKR	B	0.41%
DD	C	0.41%
DFS	C	0.38%
GLW	C	0.38%
VICI	C	0.38%
EIX	B	0.37%
WAB	B	0.36%
XYL	C	0.36%
CHTR	D	0.35%
MLM	F	0.35%
MTD	B	0.35%
AVB	C	0.35%
NDAQ	B	0.34%
CSGP	F	0.34%
ON	F	0.34%
PPG	D	0.34%
WEC	A	0.34%
WTW	C	0.34%
PAYX	A	0.33%
PWR	B	0.33%
ETR	A	0.32%
AWK	C	0.32%
NVR	B	0.32%
EFX	C	0.32%
FITB	C	0.32%
FTV	C	0.31%
ANSS	D	0.31%
HLT	B	0.31%
ROK	C	0.31%
BIIB	F	0.31%
EQR	C	0.31%
IFF	C	0.3%
HAL	D	0.3%
DTE	A	0.3%
GRMN	D	0.3%
RCL	C	0.3%
KEYS	C	0.3%
CHD	D	0.29%
FSLR	C	0.29%
FE	C	0.29%
VTR	C	0.29%
TTWO	F	0.29%
SBAC	C	0.29%
DOV	B	0.29%
PPL	B	0.28%
WY	C	0.28%
RMD	C	0.28%
SW	C	0.28%
ES	D	0.27%
MSTR	B	0.27%
HSY	F	0.27%
YUM	B	0.27%
VMC	D	0.27%
HUBB	B	0.26%
STE	D	0.26%
AEE	A	0.26%
TROW	D	0.26%
BBY	C	0.25%
WDC	C	0.25%
ZBH	F	0.25%
CBOE	B	0.25%
LDOS	A	0.25%
CINF	B	0.24%
CMS	A	0.24%
K	A	0.24%
COO	C	0.24%
MKC	C	0.24%
SQ	D	0.24%
INVH	F	0.24%
TDY	A	0.23%
ARE	D	0.23%
LNG	A	0.23%
ILMN	B	0.23%
BALL	C	0.23%
ATO	A	0.23%
APTV	D	0.22%
GPC	D	0.22%
WBD	D	0.22%
OMC	C	0.22%
MAA	D	0.21%
HOLX	D	0.21%
LH	D	0.21%
MAS	A	0.21%
CHK	D	0.21%
DG	F	0.21%
MSCI	B	0.21%
ESS	D	0.21%
BAX	D	0.21%
TRU	A	0.21%
CNP	B	0.21%
PKG	B	0.21%
NTRS	C	0.2%
CSL	A	0.2%
LUV	B	0.2%
CCL	C	0.2%
ZM	C	0.2%
SUI	D	0.19%
TSN	D	0.19%
WRB	C	0.19%
SWK	C	0.19%
WSO	C	0.19%
AVTR	D	0.19%
NI	A	0.18%
LNT	A	0.18%
DOC	C	0.18%
PNR	B	0.18%
IEX	D	0.18%
AMCR	C	0.18%
J	F	0.18%
SYY	D	0.17%
UDR	C	0.17%
GEN	B	0.17%
VRSN	B	0.17%
IRM	A	0.17%
NDSN	C	0.17%
TRMB	B	0.17%
HOOD	C	0.17%
SNA	A	0.17%
VLTO	A	0.17%
AKAM	D	0.17%
EXPD	D	0.17%
KIM	C	0.17%
RVTY	C	0.17%
SWKS	F	0.17%
MRO	C	0.17%
THC	D	0.17%
NTAP	D	0.16%
JBHT	D	0.16%
ACM	A	0.16%
BRO	A	0.16%
USFD	C	0.16%
L	D	0.16%
DLTR	F	0.16%
AES	C	0.16%
GGG	C	0.16%
IBKR	A	0.16%
CDW	D	0.16%
ZBRA	C	0.16%
ELS	D	0.15%
JKHY	A	0.15%
REG	C	0.15%
BMRN	F	0.15%
WPC	C	0.15%
GLPI	A	0.15%
HES	C	0.15%
EVRG	C	0.15%
EME	C	0.14%
JBL	C	0.14%
TECH	D	0.14%
ITT	C	0.14%
HST	D	0.14%
CLH	C	0.14%
CVNA	A	0.14%
BXP	C	0.14%
SJM	D	0.14%
ALLE	A	0.14%
CPT	C	0.14%
JNPR	B	0.14%
FFIV	B	0.14%
CHRW	C	0.14%
AMH	D	0.14%
CW	A	0.14%
SCI	D	0.13%
BJ	C	0.13%
FDS	C	0.13%
CCK	C	0.13%
NRG	A	0.13%
NVT	D	0.13%
KMX	F	0.13%
CASY	D	0.13%
TFX	C	0.13%
IPG	D	0.13%
FTI	B	0.13%
CUBE	C	0.13%
RPM	B	0.13%
BLD	D	0.13%
PFGC	A	0.12%
Z	C	0.12%
PNW	B	0.12%
AIZ	B	0.12%
DKS	D	0.12%
ATR	A	0.12%
REXR	D	0.12%
AOS	B	0.12%
CTLT	A	0.12%
FBIN	B	0.12%
AVY	D	0.12%
ALB	D	0.12%
CACI	A	0.12%
SOLV	C	0.11%
WYNN	B	0.11%
MKTX	B	0.11%
EHC	B	0.11%
WTRG	D	0.11%
CNH	D	0.11%
MTCH	B	0.11%
AFG	B	0.11%
FOXA	A	0.11%
DPZ	D	0.11%
AA	B	0.11%
NTNX	C	0.11%
NLY	C	0.11%
TTEK	A	0.11%
CRL	F	0.11%
OHI	C	0.11%
DOX	B	0.11%
ARMK	B	0.11%
FWONK	D	0.11%
EPAM	F	0.11%
WWD	C	0.11%
INCY	B	0.11%
WST	D	0.1%
LAMR	C	0.1%
RIVN	F	0.1%
RBC	C	0.1%
LAD	C	0.1%
FYBR	C	0.1%
CZR	B	0.1%
TWLO	B	0.1%
DCI	C	0.1%
NNN	A	0.1%
TW	A	0.1%
CIEN	A	0.1%
EGP	D	0.1%
NYT	C	0.1%
AFRM	C	0.1%
TTC	D	0.1%
EVR	C	0.1%
MGM	C	0.1%
HRL	F	0.1%
HSIC	D	0.1%
AYI	A	0.1%
PRI	A	0.1%
DRI	C	0.1%
CPB	D	0.1%
FRT	D	0.1%
RGLD	C	0.1%
AGNC	C	0.09%
HLI	B	0.09%
CR	C	0.09%
MTZ	A	0.09%
ALGN	D	0.09%
RL	B	0.09%
ACI	F	0.09%
X	F	0.09%
WEX	C	0.09%
AXTA	C	0.09%
WSM	B	0.09%
CHE	C	0.09%
COKE	C	0.09%
GMED	D	0.09%
COLD	D	0.09%
ROKU	B	0.09%
KBR	B	0.09%
VOYA	A	0.09%
BRBR	A	0.09%
FCN	C	0.09%
SKX	D	0.09%
BWXT	A	0.09%
ATI	C	0.09%
FND	C	0.09%
GWRE	A	0.09%
OGE	A	0.09%
PTC	D	0.09%
FMC	C	0.09%
DAY	B	0.09%
GME	D	0.09%
WAT	B	0.09%
BRX	C	0.09%
TKO	A	0.09%
WTFC	C	0.08%
RHI	D	0.08%
HR	D	0.08%
WMS	D	0.08%
FLS	B	0.08%
CBSH	D	0.08%
BFAM	B	0.08%
GNTX	D	0.08%
SEIC	B	0.08%
VNO	A	0.08%
G	A	0.08%
CART	C	0.08%
VFC	B	0.08%
FICO	A	0.08%
RGEN	F	0.08%
STAG	D	0.08%
KEX	C	0.08%
FR	D	0.08%
MIDD	D	0.08%
ONTO	C	0.08%
SSD	B	0.08%
MOH	D	0.08%
APG	F	0.08%
ADC	B	0.08%
EXAS	C	0.08%
LECO	F	0.08%
OLLI	C	0.07%
ESAB	C	0.07%
GWW	B	0.07%
GXO	D	0.07%
MTSI	C	0.07%
RLI	A	0.07%
WBA	F	0.07%
STWD	C	0.07%
PARA	F	0.07%
LW	D	0.07%
AZPN	B	0.07%
MSA	F	0.07%
LFUS	D	0.07%
FAST	C	0.07%
NOV	F	0.07%
OKTA	F	0.07%
OSK	F	0.07%
CRUS	D	0.07%
MAT	D	0.07%
CGNX	F	0.07%
BIO	B	0.07%
MKSI	F	0.07%
LSTR	F	0.07%
SOFI	C	0.07%
LBRDK	B	0.07%
CCCS	D	0.06%
HXL	F	0.06%
W	D	0.06%
WLK	C	0.06%
KD	D	0.06%
UGI	C	0.06%
VNT	F	0.06%
COIN	F	0.06%
IDA	D	0.06%
S	D	0.06%
NFG	A	0.06%
WH	C	0.06%
SIRI	C	0.06%
SRCL	A	0.06%
RITM	D	0.06%
H	C	0.06%
THO	C	0.06%
WHR	C	0.06%
ACHC	F	0.06%
VMI	B	0.06%
SN	A	0.06%
POST	D	0.06%
RH	C	0.05%
AGO	B	0.05%
LITE	A	0.05%
AMP	A	0.05%
SITE	D	0.05%
PII	D	0.05%
GAP	F	0.05%
ASH	F	0.05%
EEFT	F	0.05%
FLO	D	0.05%
SLGN	C	0.05%
FRPT	C	0.05%
WTM	C	0.05%
CUZ	C	0.05%
DLB	C	0.05%
KRC	C	0.05%
AN	D	0.05%
RYN	C	0.05%
OLED	C	0.05%
LINE	F	0.05%
GNRC	B	0.05%
SAIA	D	0.05%
CPRI	B	0.05%
PSN	A	0.05%
WSC	D	0.05%
ROIV	D	0.05%
DOCS	A	0.05%
ZI	D	0.04%
NWS	D	0.04%
AM	A	0.04%
AMTM	D	0.04%
PLNT	B	0.04%
NSA	C	0.04%
IRDM	B	0.04%
VNOM	A	0.04%
SPR	F	0.04%
MPW	C	0.04%
HIW	C	0.04%
COTY	F	0.04%
LBTYK	A	0.04%
MSGS	A	0.04%
LBTYA	B	0.04%
U	D	0.04%
SMG	B	0.04%
EPR	C	0.04%
TPG	B	0.04%
KMPR	D	0.04%
TYL	B	0.04%
NEU	F	0.04%
GFS	F	0.04%
IAC	D	0.04%
AWI	A	0.04%
HUN	C	0.04%
MSM	D	0.04%
ALNY	C	0.04%
BILL	D	0.04%
ENOV	F	0.03%
MP	B	0.03%
EXP	B	0.03%
KSS	D	0.03%
CRI	D	0.03%
QDEL	D	0.03%
ULTA	D	0.03%
LLYVK	A	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%
CWEN	C	0.03%
AGR	B	0.03%
BRKR	D	0.03%
CLVT	D	0.03%
RKT	D	0.03%
ALGM	F	0.03%
MASI	B	0.03%
CXT	F	0.03%
COLM	D	0.03%
LOPE	D	0.03%
SEE	D	0.03%
FHB	D	0.03%
LCID	D	0.03%
CNM	F	0.03%
WU	D	0.03%
PK	D	0.03%
ZG	C	0.03%
PAG	D	0.03%
AMED	D	0.03%
PAYC	D	0.03%
CERT	F	0.02%
LYFT	D	0.02%
TRIP	F	0.02%
WEN	D	0.02%
INFA	D	0.02%
FTRE	F	0.02%
UAA	B	0.02%
GO	F	0.02%
REYN	D	0.02%
TER	C	0.02%
QS	F	0.02%
BIRK	F	0.02%
PSTG	F	0.02%
VSTS	D	0.02%
IPGP	D	0.02%
AZEK	C	0.02%
SAM	C	0.02%
GLOB	C	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%
BR	B	0.02%
RCM	B	0.02%
IONS	F	0.01%
CHH	C	0.01%
UI	A	0.01%
CACC	F	0.01%
TFSL	F	0.01%
PATH	F	0.01%
TXG	F	0.01%
PYCR	D	0.01%
LSCC	D	0.01%
CAR	F	0.01%
AS	B	0.01%
CWEN	C	0.01%
LBRDA	B	0.01%
NCNO	D	0.01%
LLYVA	A	0.01%
FIVE	D	0.01%
MTN	D	0.01%
HCP	A	0.01%
DV	F	0.01%
FWONA	D	0.01%
ALAB	C	0.01%
WOLF	F	0.01%
DDS	D	0.01%
EXEL	B	0.01%
HAS	B	0.01%
SEG	D	0.0%
LOAR	C	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%

IWS Underweight 373 Positions Relative to VFVA

Symbol	Grade	Weight
MO	D	-1.17%
GM	D	-1.11%
T	A	-1.09%
FDX	F	-1.09%
CVS	C	-1.02%
F	D	-0.99%
VZ	B	-0.99%
CMCSA	C	-0.98%
BAC	D	-0.88%
PSX	D	-0.86%
VLO	D	-0.86%
C	C	-0.84%
TFC	D	-0.83%
CVX	B	-0.77%
BMY	B	-0.76%
WFC	F	-0.74%
MPC	C	-0.7%
COF	C	-0.69%
HCA	C	-0.69%
USB	D	-0.69%
XOM	A	-0.68%
CI	D	-0.67%
PFE	D	-0.65%
EOG	B	-0.65%
JPM	D	-0.64%
AIG	F	-0.58%
GILD	A	-0.58%
OXY	D	-0.54%
COP	D	-0.54%
CB	B	-0.49%
MET	B	-0.49%
MCK	F	-0.48%
TRV	C	-0.47%
GS	D	-0.46%
FCX	B	-0.44%
ESNT	C	-0.44%
MDT	C	-0.41%
PBF	F	-0.36%
PRDO	D	-0.34%
MS	B	-0.34%
MATX	C	-0.33%
TTMI	D	-0.31%
INSW	B	-0.31%
PNC	C	-0.31%
TMHC	C	-0.3%
TMUS	A	-0.29%
RDN	D	-0.28%
SLB	D	-0.28%
GD	C	-0.28%
AZO	D	-0.28%
SM	C	-0.27%
ONB	D	-0.27%
TNK	B	-0.26%
ALGT	D	-0.26%
STNG	C	-0.25%
INTC	D	-0.25%
TROX	D	-0.24%
ESGR	D	-0.24%
TPH	C	-0.23%
KBH	C	-0.23%
STBA	D	-0.23%
OI	D	-0.23%
WWW	A	-0.22%
LILAK	D	-0.22%
MBUU	C	-0.22%
GPOR	B	-0.22%
DIN	D	-0.21%
KHC	F	-0.21%
MUR	F	-0.21%
MTH	C	-0.21%
GT	F	-0.2%
TGNA	C	-0.2%
EFSC	D	-0.2%
CCS	C	-0.2%
PYPL	C	-0.2%
OCFC	C	-0.2%
ASC	C	-0.2%
FFBC	D	-0.2%
CLW	F	-0.2%
HWC	D	-0.2%
CHGG	F	-0.19%
JNJ	D	-0.19%
MLI	C	-0.19%
WAFD	D	-0.19%
VLY	C	-0.19%
GNK	D	-0.19%
SNCY	D	-0.18%
CCSI	D	-0.18%
SKYW	C	-0.18%
TDS	B	-0.18%
SIG	C	-0.18%
EAT	A	-0.18%
JACK	F	-0.18%
CRC	B	-0.17%
GPI	C	-0.17%
PTEN	F	-0.17%
SLVM	C	-0.17%
GTN	D	-0.17%
HOPE	D	-0.17%
BGS	D	-0.17%
AHCO	D	-0.17%
GLNG	A	-0.17%
REZI	D	-0.16%
WSBC	D	-0.16%
IBM	A	-0.16%
ADNT	D	-0.16%
BKU	D	-0.16%
DAN	D	-0.16%
LZB	D	-0.16%
CADE	D	-0.16%
ATSG	D	-0.16%
ABG	F	-0.16%
UNFI	B	-0.16%
PARR	F	-0.15%
IMKTA	F	-0.15%
ABCB	C	-0.15%
GIII	D	-0.15%
XPOF	F	-0.15%
FULT	D	-0.15%
PFS	D	-0.15%
BDX	C	-0.15%
HAIN	B	-0.15%
CUBI	F	-0.15%
RNG	D	-0.15%
BZH	C	-0.15%
MD	B	-0.15%
BRY	F	-0.15%
RNST	D	-0.15%
BXC	D	-0.15%
ZD	D	-0.15%
CMC	D	-0.15%
ASO	D	-0.15%
MHO	C	-0.15%
DLX	F	-0.15%
BTU	B	-0.14%
NMRK	B	-0.14%
NAVI	F	-0.14%
CSCO	A	-0.14%
PEBO	F	-0.14%
NUS	F	-0.14%
BELFB	A	-0.14%
HLX	B	-0.14%
MCB	B	-0.14%
DHT	A	-0.14%
ASB	F	-0.14%
SBH	C	-0.14%
IRWD	F	-0.14%
PUMP	D	-0.14%
HLF	F	-0.14%
ATGE	D	-0.14%
TOWN	D	-0.13%
VBTX	C	-0.13%
PM	D	-0.13%
TEX	F	-0.13%
XRX	D	-0.13%
TRMK	D	-0.13%
KOP	F	-0.13%
BUSE	D	-0.13%
COOP	B	-0.13%
EGBN	B	-0.13%
RTX	A	-0.13%
AXL	F	-0.13%
JRVR	F	-0.13%
TPC	A	-0.13%
CABO	F	-0.13%
ARCH	C	-0.13%
TWI	F	-0.12%
DCOM	C	-0.12%
STC	C	-0.12%
GNW	C	-0.12%
VGR	B	-0.12%
BANC	D	-0.12%
TGT	D	-0.12%
EBC	D	-0.12%
SPTN	C	-0.12%
AUB	D	-0.12%
PATK	B	-0.12%
CRGY	B	-0.12%
COMM	C	-0.12%
SCHW	D	-0.12%
HRI	C	-0.11%
OMI	F	-0.11%
SB	B	-0.11%
FCF	D	-0.11%
UFPI	C	-0.11%
NAT	B	-0.11%
ANDE	D	-0.11%
PAGS	F	-0.11%
APPS	F	-0.11%
EVRI	A	-0.11%
PPBI	D	-0.11%
CEIX	B	-0.11%
AMCX	F	-0.11%
BMBL	F	-0.1%
ODP	F	-0.1%
NX	F	-0.1%
GDOT	D	-0.1%
SXC	F	-0.1%
HOV	D	-0.1%
SSB	C	-0.1%
VTOL	D	-0.1%
PHIN	D	-0.1%
TRST	D	-0.1%
GRBK	C	-0.1%
ASIX	A	-0.1%
DOLE	D	-0.1%
NTB	D	-0.1%
CMRE	B	-0.1%
SFL	C	-0.1%
RYI	F	-0.1%
HBI	C	-0.1%
SCSC	D	-0.09%
UVE	C	-0.09%
VSH	F	-0.09%
JXN	A	-0.09%
NNI	C	-0.09%
SCHL	F	-0.09%
TCBK	D	-0.09%
GOGL	B	-0.09%
AX	D	-0.09%
MLKN	F	-0.09%
REVG	D	-0.09%
FWRD	C	-0.09%
FDP	C	-0.09%
CATY	D	-0.09%
MTUS	F	-0.09%
BV	C	-0.09%
SASR	C	-0.09%
RPAY	F	-0.08%
UBSI	D	-0.08%
FFWM	D	-0.08%
SD	D	-0.08%
DE	B	-0.08%
CXW	F	-0.08%
JELD	C	-0.08%
FRME	D	-0.08%
PCAR	C	-0.08%
SANM	D	-0.08%
HCC	C	-0.08%
ELV	F	-0.08%
EQH	C	-0.08%
NBTB	D	-0.08%
HFWA	D	-0.08%
RMAX	C	-0.08%
NWBI	D	-0.08%
BANR	C	-0.08%
SRCE	D	-0.08%
NOG	C	-0.08%
MATV	F	-0.08%
WNC	F	-0.08%
MTW	F	-0.08%
INMD	F	-0.07%
PFC	D	-0.07%
KFY	C	-0.07%
DXPE	C	-0.07%
CWK	C	-0.07%
RGP	F	-0.07%
BOOM	D	-0.07%
OMCL	C	-0.07%
QCOM	C	-0.07%
SNEX	C	-0.07%
GOOG	B	-0.07%
NIC	D	-0.07%
NTCT	C	-0.07%
LPG	F	-0.07%
HAFC	D	-0.07%
FIBK	D	-0.07%
BHLB	D	-0.07%
SSP	D	-0.07%
CAL	F	-0.07%
ACCO	C	-0.07%
EMBC	F	-0.07%
NMIH	C	-0.07%
LILA	D	-0.06%
OFG	D	-0.06%
RUSHA	D	-0.06%
ASGN	D	-0.06%
CCRN	F	-0.06%
MMM	C	-0.06%
TITN	F	-0.06%
SMP	D	-0.06%
OIS	D	-0.06%
CNOB	C	-0.06%
BRKL	D	-0.06%
ALIT	D	-0.06%
KOS	F	-0.06%
LBRT	D	-0.06%
PCRX	D	-0.06%
EGY	C	-0.06%
INDB	D	-0.06%
MATW	F	-0.05%
ETWO	F	-0.05%
CFFN	F	-0.05%
LXU	B	-0.05%
TALO	F	-0.05%
GHC	C	-0.05%
MOV	F	-0.05%
MCFT	F	-0.05%
HVT	F	-0.05%
TTEC	D	-0.05%
IIIN	F	-0.05%
VRNT	F	-0.05%
FBMS	D	-0.05%
DK	F	-0.05%
TK	B	-0.05%
GEF	D	-0.05%
KELYA	D	-0.05%
AMR	F	-0.05%
REX	D	-0.05%
GATX	F	-0.05%
CNDT	B	-0.05%
GCO	F	-0.05%
AMWD	C	-0.05%
PFSI	C	-0.05%
PLAB	C	-0.05%
KODK	D	-0.04%
SFNC	C	-0.04%
LC	C	-0.04%
CNO	C	-0.04%
ATKR	F	-0.04%
WERN	D	-0.04%
ARCB	F	-0.04%
RDUS	D	-0.04%
FBNC	D	-0.04%
IART	F	-0.04%
BBW	B	-0.04%
ENVA	C	-0.04%
HUBG	D	-0.04%
FOXF	F	-0.04%
BY	D	-0.04%
UVV	D	-0.04%
HGV	F	-0.04%
OBK	F	-0.04%
HBNC	D	-0.04%
REPX	B	-0.04%
ZEUS	F	-0.04%
BW	C	-0.04%
STNE	F	-0.03%
IMMR	D	-0.03%
PFBC	D	-0.03%
SCVL	D	-0.03%
KRO	C	-0.03%
OLPX	C	-0.03%
UIS	C	-0.03%
NBHC	D	-0.03%
QCRH	D	-0.03%
ENS	D	-0.03%
EPC	F	-0.03%
SWI	C	-0.03%
TBRG	D	-0.03%
DENN	D	-0.03%
AMRX	B	-0.03%
BALY	B	-0.03%
NFBK	D	-0.03%
WMK	D	-0.03%
AMAL	D	-0.03%
WTTR	B	-0.03%
DRVN	C	-0.03%
BCC	C	-0.02%
UCBI	B	-0.02%
EIG	C	-0.02%
HOMB	D	-0.02%
MED	F	-0.02%
OXM	F	-0.02%
GBX	C	-0.02%
RYAM	B	-0.02%
CRBG	B	-0.02%
ZIMV	F	-0.02%
VREX	F	-0.02%
ACT	C	-0.02%
HRTG	D	-0.01%
AMPY	C	-0.01%
FF	B	-0.01%