IUS vs. SHUS ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.77

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	IUS	SHUS
30 Days	3.50%	2.26%
60 Days	3.79%	3.81%
90 Days	5.45%	5.24%
12 Months	27.21%	15.89%

368 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in SHUS	Overlap
A	D	0.05%	0.15%	0.05%
AAPL	C	4.81%	0.49%	0.49%
ABBV	D	0.63%	0.24%	0.24%
ABNB	C	0.13%	0.12%	0.12%
ABT	B	0.38%	0.06%	0.06%
ACGL	D	0.1%	0.14%	0.1%
ACN	C	0.48%	0.13%	0.13%
ADBE	C	0.27%	0.15%	0.15%
ADM	D	0.28%	0.36%	0.28%
ADP	B	0.17%	0.21%	0.17%
ADSK	A	0.08%	0.16%	0.08%
AES	F	0.04%	0.31%	0.04%
AIZ	A	0.06%	0.2%	0.06%
AKAM	D	0.04%	0.26%	0.04%
ALB	C	0.05%	0.05%	0.05%
ALGN	D	0.03%	0.1%	0.03%
ALL	A	0.26%	0.19%	0.19%
AMAT	F	0.2%	0.17%	0.17%
AMCR	D	0.07%	0.12%	0.07%
AMD	F	0.2%	0.14%	0.14%
AME	A	0.06%	0.12%	0.06%
AMGN	D	0.23%	0.23%	0.23%
AMZN	C	2.07%	0.21%	0.21%
ANET	C	0.04%	0.21%	0.04%
ANSS	B	0.03%	0.17%	0.03%
AON	A	0.16%	0.04%	0.04%
AOS	F	0.02%	0.21%	0.02%
APA	D	0.05%	0.07%	0.05%
APD	A	0.15%	0.05%	0.05%
APH	A	0.09%	0.18%	0.09%
APTV	D	0.05%	0.39%	0.05%
AVGO	D	0.73%	0.22%	0.22%
AVY	D	0.03%	0.06%	0.03%
AXP	A	0.53%	0.05%	0.05%
AZO	C	0.13%	0.15%	0.13%
BA	F	0.11%	0.16%	0.11%
BALL	D	0.05%	0.12%	0.05%
BAX	D	0.06%	0.05%	0.05%
BBY	D	0.13%	0.17%	0.13%
BDX	F	0.15%	0.05%	0.05%
BEN	C	0.03%	0.08%	0.03%
BG	F	0.13%	0.36%	0.13%
BIIB	F	0.05%	0.24%	0.05%
BKNG	A	0.41%	0.13%	0.13%
BKR	B	0.18%	0.35%	0.18%
BLDR	D	0.12%	0.19%	0.12%
BMY	B	0.64%	0.25%	0.25%
BR	A	0.04%	0.11%	0.04%
BRK.A	B	2.95%	0.49%	0.49%
BRO	B	0.03%	0.03%	0.03%
BSX	B	0.12%	0.06%	0.06%
BWA	D	0.05%	0.41%	0.05%
BX	A	0.26%	0.08%	0.08%
CAG	D	0.06%	0.21%	0.06%
CAH	B	0.48%	0.19%	0.19%
CARR	D	0.11%	0.08%	0.08%
CAT	B	0.45%	0.14%	0.14%
CB	C	0.43%	0.14%	0.14%
CBOE	B	0.03%	0.04%	0.03%
CBRE	B	0.14%	0.04%	0.04%
CCL	B	0.12%	0.09%	0.09%
CDNS	B	0.05%	0.33%	0.05%
CDW	F	0.05%	0.12%	0.05%
CE	F	0.03%	0.07%	0.03%
CEG	D	0.04%	0.38%	0.04%
CF	B	0.1%	0.09%	0.09%
CHD	B	0.04%	0.41%	0.04%
CHRW	C	0.08%	0.09%	0.08%
CHTR	C	0.34%	0.46%	0.34%
CI	F	0.64%	0.18%	0.18%
CINF	A	0.1%	0.14%	0.1%
CL	D	0.12%	0.4%	0.12%
CLX	B	0.04%	0.41%	0.04%
CMCSA	B	1.13%	0.51%	0.51%
CMG	B	0.05%	0.49%	0.05%
CMI	A	0.16%	0.08%	0.08%
CMS	C	0.06%	0.07%	0.06%
CNC	D	0.32%	0.25%	0.25%
CNP	B	0.1%	0.25%	0.1%
COP	C	0.68%	0.07%	0.07%
COR	B	0.45%	0.18%	0.18%
COST	B	0.74%	0.7%	0.7%
CPAY	A	0.06%	0.04%	0.04%
CPB	D	0.03%	0.2%	0.03%
CPRT	A	0.03%	0.22%	0.03%
CRM	B	0.52%	0.35%	0.35%
CSCO	B	0.74%	0.21%	0.21%
CSGP	D	0.02%	0.04%	0.02%
CSX	B	0.21%	0.08%	0.08%
CTAS	B	0.07%	0.17%	0.07%
CTRA	B	0.13%	0.17%	0.13%
CTSH	B	0.14%	0.13%	0.13%
CTVA	C	0.14%	0.08%	0.08%
CVS	D	1.02%	0.68%	0.68%
CVX	A	1.68%	0.75%	0.75%
CZR	F	0.05%	0.07%	0.05%
DAL	C	0.06%	0.27%	0.06%
DD	D	0.14%	0.05%	0.05%
DE	A	0.38%	0.13%	0.13%
DECK	A	0.03%	0.29%	0.03%
DELL	C	0.22%	0.17%	0.17%
DG	F	0.07%	0.17%	0.07%
DGX	A	0.07%	0.16%	0.07%
DHI	D	0.17%	0.23%	0.17%
DHR	F	0.21%	0.1%	0.1%
DIS	B	0.57%	0.2%	0.2%
DLTR	F	0.06%	0.17%	0.06%
DOV	A	0.05%	0.17%	0.05%
DOW	F	0.18%	0.07%	0.07%
DRI	B	0.06%	0.5%	0.06%
DTE	C	0.1%	0.24%	0.1%
DVA	B	0.05%	0.11%	0.05%
DVN	F	0.12%	0.16%	0.12%
DXCM	D	0.02%	0.09%	0.02%
EA	A	0.1%	0.48%	0.1%
EBAY	D	0.12%	0.22%	0.12%
ECL	D	0.08%	0.05%	0.05%
ED	D	0.14%	0.24%	0.14%
EFX	F	0.04%	0.04%	0.04%
EG	C	0.1%	0.14%	0.1%
EL	F	0.04%	0.49%	0.04%
ELV	F	0.39%	0.24%	0.24%
EMN	D	0.05%	0.05%	0.05%
EMR	A	0.15%	0.03%	0.03%
EOG	A	0.35%	0.07%	0.07%
EQIX	A	0.1%	0.26%	0.1%
EQT	B	0.1%	0.18%	0.1%
ETN	A	0.16%	0.26%	0.16%
EW	C	0.04%	0.06%	0.04%
EXC	C	0.17%	0.29%	0.17%
EXPD	D	0.08%	0.09%	0.08%
EXPE	B	0.14%	0.12%	0.12%
F	C	0.54%	0.24%	0.24%
FANG	D	0.16%	0.07%	0.07%
FAST	B	0.07%	0.12%	0.07%
FCX	D	0.12%	0.29%	0.12%
FDX	B	0.37%	0.07%	0.07%
FE	C	0.09%	0.24%	0.09%
FFIV	B	0.04%	0.2%	0.04%
FI	A	0.36%	0.06%	0.06%
FOXA	B	0.15%	0.1%	0.1%
FSLR	F	0.03%	0.2%	0.03%
FTNT	C	0.07%	0.17%	0.07%
FTV	C	0.06%	0.03%	0.03%
GD	F	0.19%	0.16%	0.16%
GDDY	A	0.05%	0.26%	0.05%
GE	D	0.41%	0.17%	0.17%
GEHC	F	0.06%	0.1%	0.06%
GEN	B	0.04%	0.17%	0.04%
GILD	C	0.38%	0.24%	0.24%
GIS	D	0.13%	0.21%	0.13%
GLW	B	0.13%	0.19%	0.13%
GM	B	0.96%	0.24%	0.24%
GOOGL	C	3.66%	0.22%	0.22%
GPC	D	0.06%	0.15%	0.06%
GRMN	B	0.05%	0.32%	0.05%
GWW	B	0.09%	0.13%	0.09%
HAL	C	0.1%	0.33%	0.1%
HAS	D	0.03%	0.25%	0.03%
HCA	F	0.22%	0.33%	0.22%
HD	A	0.89%	0.25%	0.25%
HES	B	0.08%	0.07%	0.07%
HIG	B	0.18%	0.14%	0.14%
HII	D	0.03%	0.08%	0.03%
HLT	A	0.1%	0.12%	0.1%
HOLX	D	0.05%	0.1%	0.05%
HON	B	0.31%	0.16%	0.16%
HPE	B	0.21%	0.19%	0.19%
HPQ	B	0.18%	0.34%	0.18%
HRL	D	0.05%	0.36%	0.05%
HSIC	B	0.04%	0.2%	0.04%
HST	C	0.04%	0.11%	0.04%
HSY	F	0.06%	0.17%	0.06%
HUBB	B	0.03%	0.26%	0.03%
HUM	C	0.26%	0.26%	0.26%
HWM	A	0.05%	0.07%	0.05%
IBM	C	0.54%	0.33%	0.33%
IFF	D	0.07%	0.05%	0.05%
INTC	D	0.42%	0.16%	0.16%
INTU	C	0.19%	0.2%	0.19%
IP	B	0.14%	0.06%	0.06%
IPG	D	0.05%	0.33%	0.05%
IQV	D	0.07%	0.13%	0.07%
IR	B	0.06%	0.2%	0.06%
IRM	D	0.06%	0.06%	0.06%
ISRG	A	0.13%	0.12%	0.12%
IT	C	0.04%	0.13%	0.04%
ITW	B	0.14%	0.17%	0.14%
J	F	0.06%	0.39%	0.06%
JBHT	C	0.05%	0.08%	0.05%
JBL	B	0.11%	0.37%	0.11%
JCI	C	0.17%	0.08%	0.08%
JNJ	D	0.9%	0.23%	0.23%
JNPR	F	0.04%	0.19%	0.04%
K	A	0.08%	0.18%	0.08%
KDP	D	0.11%	0.24%	0.11%
KEYS	A	0.05%	0.2%	0.05%
KHC	F	0.22%	0.21%	0.21%
KLAC	D	0.1%	0.17%	0.1%
KMB	D	0.11%	0.41%	0.11%
KMI	A	0.28%	0.25%	0.25%
KMX	B	0.07%	0.14%	0.07%
KO	D	0.43%	0.24%	0.24%
KR	B	0.36%	0.73%	0.36%
LDOS	C	0.06%	0.13%	0.06%
LEN	D	0.2%	0.24%	0.2%
LH	C	0.1%	0.16%	0.1%
LHX	C	0.15%	0.08%	0.08%
LIN	D	0.39%	0.04%	0.04%
LKQ	D	0.05%	0.14%	0.05%
LLY	F	0.22%	0.23%	0.22%
LMT	D	0.47%	0.08%	0.08%
LOW	D	0.47%	0.25%	0.25%
LULU	C	0.05%	0.3%	0.05%
LUV	C	0.03%	0.25%	0.03%
LVS	C	0.06%	0.08%	0.06%
LYB	F	0.13%	0.07%	0.07%
LYV	A	0.05%	0.09%	0.05%
MA	C	0.45%	0.05%	0.05%
MAR	B	0.16%	0.12%	0.12%
MAS	D	0.04%	0.19%	0.04%
MCD	D	0.29%	0.49%	0.29%
MCHP	D	0.07%	0.13%	0.07%
MCK	B	0.63%	0.18%	0.18%
MCO	B	0.07%	0.04%	0.04%
MDLZ	F	0.22%	0.18%	0.18%
MDT	D	0.34%	0.06%	0.06%
META	D	2.2%	0.46%	0.46%
MGM	D	0.07%	0.07%	0.07%
MHK	D	0.05%	0.18%	0.05%
MKC	D	0.04%	0.21%	0.04%
MLM	B	0.05%	0.17%	0.05%
MMC	B	0.17%	0.03%	0.03%
MMM	D	0.27%	0.17%	0.17%
MNST	C	0.05%	0.25%	0.05%
MO	A	0.34%	0.35%	0.34%
MOH	F	0.07%	0.25%	0.07%
MOS	F	0.09%	0.08%	0.08%
MPC	D	0.65%	0.48%	0.48%
MRK	F	0.39%	0.24%	0.24%
MRNA	F	0.02%	0.23%	0.02%
MRO	B	0.14%	0.07%	0.07%
MSCI	C	0.04%	0.04%	0.04%
MSFT	F	2.68%	0.32%	0.32%
MSI	B	0.08%	0.49%	0.08%
MTD	D	0.03%	0.14%	0.03%
MU	D	0.17%	0.15%	0.15%
NCLH	B	0.05%	0.09%	0.05%
NDAQ	A	0.05%	0.04%	0.04%
NEM	D	0.13%	0.24%	0.13%
NFLX	A	0.35%	0.22%	0.22%
NKE	D	0.25%	0.33%	0.25%
NOC	D	0.21%	0.08%	0.08%
NOW	A	0.1%	0.22%	0.1%
NRG	B	0.07%	0.32%	0.07%
NSC	B	0.16%	0.08%	0.08%
NTAP	C	0.06%	0.17%	0.06%
NUE	C	0.21%	0.25%	0.21%
NVDA	C	0.97%	0.13%	0.13%
NVR	D	0.07%	0.3%	0.07%
NWSA	B	0.06%	0.1%	0.06%
ODFL	B	0.05%	0.08%	0.05%
OKE	A	0.18%	0.24%	0.18%
OMC	C	0.07%	0.33%	0.07%
ON	D	0.06%	0.22%	0.06%
ORCL	B	0.35%	0.34%	0.34%
ORLY	B	0.13%	0.14%	0.13%
OTIS	C	0.05%	0.08%	0.05%
OXY	D	0.28%	0.07%	0.07%
PANW	C	0.07%	0.16%	0.07%
PARA	C	0.1%	0.2%	0.1%
PAYX	C	0.06%	0.21%	0.06%
PCAR	B	0.17%	0.12%	0.12%
PEP	F	0.41%	0.17%	0.17%
PFE	D	0.61%	0.24%	0.24%
PG	A	0.75%	0.41%	0.41%
PGR	A	0.3%	0.19%	0.19%
PH	A	0.14%	0.08%	0.08%
PHM	D	0.1%	0.25%	0.1%
PKG	A	0.07%	0.06%	0.06%
PM	B	0.37%	0.35%	0.35%
POOL	C	0.03%	0.13%	0.03%
PPG	F	0.07%	0.07%	0.07%
PPL	B	0.1%	0.08%	0.08%
PSA	D	0.13%	0.1%	0.1%
PSX	C	0.46%	0.5%	0.46%
PWR	A	0.08%	0.4%	0.08%
PYPL	B	0.33%	0.06%	0.06%
QCOM	F	0.29%	0.22%	0.22%
QRVO	F	0.02%	0.21%	0.02%
RCL	A	0.11%	0.08%	0.08%
REGN	F	0.14%	0.23%	0.14%
RL	B	0.04%	0.32%	0.04%
RMD	C	0.04%	0.09%	0.04%
ROK	B	0.06%	0.03%	0.03%
ROP	B	0.07%	0.03%	0.03%
ROST	C	0.1%	0.71%	0.1%
RSG	A	0.08%	0.18%	0.08%
RTX	C	0.65%	0.08%	0.08%
SBAC	D	0.04%	0.06%	0.04%
SBUX	A	0.21%	0.48%	0.21%
SHW	A	0.13%	0.06%	0.06%
SJM	D	0.06%	0.21%	0.06%
SLB	C	0.18%	0.34%	0.18%
SNA	A	0.06%	0.25%	0.06%
SNPS	B	0.06%	0.34%	0.06%
STE	F	0.04%	0.12%	0.04%
STLD	B	0.13%	0.27%	0.13%
STX	D	0.04%	0.17%	0.04%
STZ	D	0.1%	0.25%	0.1%
SW	A	0.09%	0.07%	0.07%
SWK	D	0.07%	0.26%	0.07%
SWKS	F	0.05%	0.21%	0.05%
SYK	C	0.15%	0.12%	0.12%
SYY	B	0.18%	0.73%	0.18%
T	A	1.36%	0.33%	0.33%
TAP	C	0.09%	0.25%	0.09%
TDG	D	0.04%	0.06%	0.04%
TDY	B	0.05%	0.03%	0.03%
TER	D	0.02%	0.16%	0.02%
TGT	F	0.25%	0.17%	0.17%
TJX	A	0.28%	0.71%	0.28%
TMO	F	0.31%	0.14%	0.14%
TMUS	B	0.4%	0.33%	0.33%
TPR	B	0.06%	0.32%	0.06%
TRGP	B	0.14%	0.24%	0.14%
TROW	B	0.08%	0.08%	0.08%
TRV	B	0.28%	0.14%	0.14%
TSCO	D	0.06%	0.12%	0.06%
TSLA	B	0.7%	0.27%	0.27%
TSN	B	0.18%	0.35%	0.18%
TT	A	0.12%	0.08%	0.08%
TTWO	A	0.04%	0.48%	0.04%
TXN	C	0.26%	0.22%	0.22%
TXT	D	0.07%	0.16%	0.07%
UAL	A	0.08%	0.28%	0.08%
UBER	D	0.11%	0.11%	0.11%
UHS	D	0.07%	0.32%	0.07%
ULTA	F	0.05%	0.17%	0.05%
UNH	C	1.58%	0.25%	0.25%
UNP	C	0.25%	0.08%	0.08%
UPS	C	0.43%	0.08%	0.08%
URI	B	0.14%	0.14%	0.14%
V	A	0.74%	0.04%	0.04%
VLO	C	0.47%	0.49%	0.47%
VMC	B	0.06%	0.17%	0.06%
VRSK	A	0.08%	0.04%	0.04%
VRSN	F	0.03%	0.27%	0.03%
VRTX	F	0.11%	0.23%	0.11%
VST	B	0.18%	0.4%	0.18%
VTRS	A	0.15%	0.24%	0.15%
VZ	C	1.14%	0.32%	0.32%
WAB	B	0.07%	0.13%	0.07%
WBA	F	0.12%	0.63%	0.12%
WBD	C	0.28%	0.19%	0.19%
WDC	D	0.04%	0.17%	0.04%
WM	A	0.16%	0.18%	0.16%
WMT	A	1.3%	0.72%	0.72%
WRB	A	0.08%	0.13%	0.08%
WST	C	0.02%	0.05%	0.02%
WTW	B	0.1%	0.04%	0.04%
WY	D	0.06%	0.17%	0.06%
XEL	A	0.18%	0.07%	0.07%
XOM	B	2.41%	0.75%	0.75%
XYL	D	0.04%	0.19%	0.04%
YUM	B	0.03%	0.5%	0.03%
ZBH	C	0.07%	0.12%	0.07%
ZTS	D	0.09%	0.25%	0.09%

IUS Overweight 177 Positions Relative to SHUS

Symbol	Grade	Weight
LUMN	C	0.42%
LNG	B	0.25%
LRCX	F	0.13%
UNFI	A	0.12%
SNEX	B	0.12%
PFGC	B	0.12%
ACI	C	0.12%
RGA	A	0.11%
FLEX	A	0.11%
SNX	C	0.11%
X	C	0.1%
MKL	A	0.1%
USFD	A	0.1%
APP	B	0.1%
SQ	B	0.1%
ZIM	C	0.09%
MRVL	B	0.09%
OVV	B	0.09%
DINO	D	0.09%
MELI	D	0.09%
WKC	D	0.09%
R	B	0.08%
ARW	D	0.08%
DXC	B	0.08%
RS	B	0.08%
LAD	A	0.08%
BERY	B	0.07%
WHR	B	0.07%
WCN	A	0.07%
ORI	A	0.07%
TWLO	A	0.07%
DASH	A	0.07%
TOL	B	0.07%
OC	A	0.07%
THC	D	0.07%
TX	F	0.07%
CAR	C	0.07%
GPI	A	0.06%
WDAY	B	0.06%
SATS	D	0.06%
RNR	C	0.06%
DKS	C	0.06%
OMF	A	0.06%
LBRDK	C	0.06%
PBF	D	0.06%
LPLA	A	0.06%
JLL	D	0.06%
TMHC	B	0.05%
AR	B	0.05%
CSL	C	0.05%
BJ	A	0.05%
COHR	B	0.05%
LEA	D	0.05%
BFH	B	0.05%
KNX	B	0.05%
WSM	B	0.05%
M	D	0.05%
TDS	B	0.05%
SSNC	B	0.05%
CASY	A	0.05%
EME	C	0.05%
AN	C	0.05%
ARMK	B	0.05%
CPNG	D	0.05%
AFG	A	0.05%
VFC	C	0.05%
ZM	B	0.05%
CNX	A	0.05%
CLF	F	0.05%
ACM	A	0.05%
MUSA	A	0.05%
AVT	C	0.05%
WCC	B	0.05%
TPG	A	0.05%
KD	B	0.04%
KSS	F	0.04%
AMG	B	0.04%
NWL	B	0.04%
OLN	D	0.04%
MAN	D	0.04%
GPK	C	0.04%
PVH	C	0.04%
CIVI	D	0.04%
INGR	B	0.04%
RPM	A	0.04%
AGCO	D	0.04%
GT	C	0.04%
SCI	B	0.04%
RRX	B	0.04%
RH	B	0.04%
H	B	0.04%
AA	B	0.04%
UTHR	C	0.04%
PENN	C	0.04%
FAF	A	0.04%
CHRD	D	0.04%
KBH	D	0.04%
DOX	D	0.04%
HTZ	C	0.04%
THO	B	0.04%
NXST	C	0.04%
FLR	B	0.04%
ABG	B	0.04%
BURL	A	0.04%
CMC	B	0.04%
UGI	A	0.04%
BTU	B	0.04%
CCK	C	0.04%
BECN	B	0.04%
MTN	C	0.03%
DK	C	0.03%
SIG	B	0.03%
PII	D	0.03%
AVTR	F	0.03%
SAIC	F	0.03%
AAL	B	0.03%
WSC	D	0.03%
TNET	D	0.03%
VVV	F	0.03%
ARCH	B	0.03%
MTH	D	0.03%
HUN	F	0.03%
OSK	B	0.03%
GAP	C	0.03%
NFG	A	0.03%
HOG	D	0.03%
HRB	D	0.03%
DAR	C	0.03%
PR	B	0.03%
BCC	B	0.03%
BC	C	0.03%
RHI	B	0.03%
NU	C	0.03%
FBIN	D	0.03%
SKX	D	0.03%
GXO	B	0.03%
SM	B	0.03%
RRC	B	0.03%
MTDR	B	0.03%
CACI	D	0.03%
SNOW	C	0.03%
TW	A	0.03%
OGS	A	0.03%
BAH	F	0.03%
ALV	C	0.03%
MUR	D	0.03%
POST	C	0.03%
UFPI	B	0.03%
ILMN	D	0.03%
FTI	A	0.03%
TGNA	B	0.03%
ANDE	D	0.03%
JAZZ	B	0.03%
FYBR	D	0.03%
JHG	A	0.03%
WSO	A	0.03%
DAN	D	0.02%
ODP	F	0.02%
AAP	C	0.02%
XRX	F	0.02%
CPRI	F	0.02%
CNM	D	0.02%
PINS	D	0.02%
ELAN	D	0.02%
NSIT	F	0.02%
IAC	D	0.02%
WU	D	0.02%
ASO	F	0.02%
CVI	F	0.02%
AMR	C	0.02%
SON	D	0.02%
HP	B	0.02%
PRGO	B	0.02%
NOV	C	0.02%
ADNT	F	0.02%
AMKR	D	0.02%
ATKR	C	0.01%

IUS Underweight 132 Positions Relative to SHUS

Symbol	Grade	Weight
COF	B	-0.69%
SYF	B	-0.68%
DFS	B	-0.68%
DPZ	C	-0.52%
L	A	-0.49%
MTCH	D	-0.46%
KVUE	A	-0.41%
AWK	D	-0.32%
ATO	A	-0.32%
NI	A	-0.32%
MS	A	-0.26%
DLR	B	-0.26%
ETR	B	-0.25%
INCY	C	-0.25%
SCHW	B	-0.25%
RJF	A	-0.25%
ENPH	F	-0.25%
PEG	A	-0.25%
GS	A	-0.25%
AEP	D	-0.24%
D	C	-0.24%
NEE	D	-0.24%
WMB	A	-0.24%
CTLT	B	-0.24%
EIX	B	-0.24%
NXPI	D	-0.23%
LW	C	-0.22%
DAY	B	-0.22%
PLTR	B	-0.22%
ADI	D	-0.22%
GOOG	C	-0.22%
MET	A	-0.21%
PAYC	B	-0.21%
TYL	B	-0.21%
MPWR	F	-0.21%
IEX	B	-0.2%
AFL	B	-0.2%
ERIE	D	-0.2%
PRU	A	-0.2%
PFG	D	-0.2%
TEL	B	-0.19%
BBWI	D	-0.19%
PNR	A	-0.19%
GL	B	-0.19%
AIG	B	-0.19%
CRWD	B	-0.18%
GEV	B	-0.18%
ROL	B	-0.18%
PTC	A	-0.17%
TECH	D	-0.15%
WAT	B	-0.15%
SMCI	F	-0.15%
CRL	C	-0.14%
EPAM	C	-0.13%
WFC	A	-0.13%
C	A	-0.13%
ZBRA	B	-0.13%
BAC	A	-0.12%
JPM	A	-0.12%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
BK	A	-0.11%
STT	A	-0.11%
PODD	C	-0.1%
NWS	B	-0.1%
RVTY	F	-0.1%
ESS	B	-0.1%
INVH	D	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
MAA	B	-0.1%
AVB	B	-0.1%
ARE	D	-0.1%
CPT	B	-0.1%
AXON	A	-0.09%
KKR	A	-0.09%
AMP	A	-0.09%
BLK	C	-0.09%
IVZ	B	-0.09%
IDXX	F	-0.09%
SO	D	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
GNRC	B	-0.08%
WYNN	D	-0.08%
NTRS	A	-0.08%
FMC	D	-0.08%
PNW	B	-0.07%
ALLE	D	-0.07%
DUK	C	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
PCG	A	-0.07%
SRE	A	-0.07%
KEY	B	-0.06%
RF	A	-0.06%
PNC	B	-0.06%
MTB	A	-0.06%
AMT	D	-0.06%
KIM	A	-0.06%
REG	B	-0.06%
FRT	B	-0.06%
PLD	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
O	D	-0.06%
SPG	B	-0.06%
SOLV	C	-0.05%
TFX	F	-0.05%
FIS	C	-0.05%
JKHY	D	-0.05%
HBAN	A	-0.05%
TFC	A	-0.05%
USB	A	-0.05%
CFG	B	-0.05%
FITB	A	-0.05%
GPN	B	-0.04%
SPGI	C	-0.04%
ICE	C	-0.04%
FDS	B	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
FICO	B	-0.03%
VLTO	D	-0.03%
NDSN	B	-0.03%
TRMB	B	-0.03%
AJG	B	-0.03%