IUS vs. SSPY ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	IUS	SSPY
30 Days	3.50%	4.23%
60 Days	3.79%	1.79%
90 Days	5.45%	3.72%
12 Months	27.21%	23.81%

368 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in SSPY	Overlap
A	D	0.05%	0.15%	0.05%
AAPL	C	4.81%	0.5%	0.5%
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%	0.16%	0.16%
ADM	D	0.28%	0.37%	0.28%
ADP	B	0.17%	0.21%	0.17%
ADSK	A	0.08%	0.17%	0.08%
AES	F	0.04%	0.32%	0.04%
AIZ	A	0.06%	0.2%	0.06%
AKAM	D	0.04%	0.27%	0.04%
ALB	C	0.05%	0.05%	0.05%
ALGN	D	0.03%	0.1%	0.03%
ALL	A	0.26%	0.2%	0.2%
AMAT	F	0.2%	0.18%	0.18%
AMCR	D	0.07%	0.13%	0.07%
AMD	F	0.2%	0.14%	0.14%
AME	A	0.06%	0.13%	0.06%
AMGN	D	0.23%	0.24%	0.23%
AMZN	C	2.07%	0.22%	0.22%
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%	0.19%	0.09%
APTV	D	0.05%	0.4%	0.05%
AVGO	D	0.73%	0.23%	0.23%
AVY	D	0.03%	0.06%	0.03%
AXP	A	0.53%	0.04%	0.04%
AZO	C	0.13%	0.14%	0.13%
BA	F	0.11%	0.16%	0.11%
BALL	D	0.05%	0.13%	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%	0.09%	0.03%
BG	F	0.13%	0.37%	0.13%
BIIB	F	0.05%	0.24%	0.05%
BKNG	A	0.41%	0.11%	0.11%
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%	0.5%	0.5%
BRO	B	0.03%	0.04%	0.03%
BSX	B	0.12%	0.06%	0.06%
BWA	D	0.05%	0.42%	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%	0.13%	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%	0.42%	0.04%
CHRW	C	0.08%	0.09%	0.08%
CHTR	C	0.34%	0.47%	0.34%
CI	F	0.64%	0.19%	0.19%
CINF	A	0.1%	0.14%	0.1%
CL	D	0.12%	0.41%	0.12%
CLX	B	0.04%	0.41%	0.04%
CMCSA	B	1.13%	0.52%	0.52%
CMG	B	0.05%	0.5%	0.05%
CMI	A	0.16%	0.08%	0.08%
CMS	C	0.06%	0.08%	0.06%
CNC	D	0.32%	0.26%	0.26%
CNP	B	0.1%	0.26%	0.1%
COP	C	0.68%	0.07%	0.07%
COR	B	0.45%	0.18%	0.18%
COST	B	0.74%	0.71%	0.71%
CPAY	A	0.06%	0.04%	0.04%
CPB	D	0.03%	0.2%	0.03%
CPRT	A	0.03%	0.23%	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%	0.18%	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%	0.69%	0.69%
CVX	A	1.68%	0.76%	0.76%
CZR	F	0.05%	0.07%	0.05%
DAL	C	0.06%	0.28%	0.06%
DD	D	0.14%	0.05%	0.05%
DE	A	0.38%	0.13%	0.13%
DECK	A	0.03%	0.3%	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%	0.24%	0.17%
DHR	F	0.21%	0.1%	0.1%
DIS	B	0.57%	0.21%	0.21%
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%	0.51%	0.06%
DTE	C	0.1%	0.25%	0.1%
DVA	B	0.05%	0.11%	0.05%
DVN	F	0.12%	0.16%	0.12%
DXCM	D	0.02%	0.1%	0.02%
EA	A	0.1%	0.49%	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%	0.5%	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%	0.27%	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%	0.3%	0.17%
EXPD	D	0.08%	0.09%	0.08%
EXPE	B	0.14%	0.12%	0.12%
F	C	0.54%	0.25%	0.25%
FANG	D	0.16%	0.07%	0.07%
FAST	B	0.07%	0.13%	0.07%
FCX	D	0.12%	0.3%	0.12%
FDX	B	0.37%	0.07%	0.07%
FE	C	0.09%	0.24%	0.09%
FFIV	B	0.04%	0.21%	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%	0.27%	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%	0.25%	0.25%
GIS	D	0.13%	0.21%	0.13%
GLW	B	0.13%	0.19%	0.13%
GM	B	0.96%	0.25%	0.25%
GOOGL	C	3.66%	0.23%	0.23%
GPC	D	0.06%	0.15%	0.06%
GRMN	B	0.05%	0.33%	0.05%
GWW	B	0.09%	0.12%	0.09%
HAL	C	0.1%	0.34%	0.1%
HAS	D	0.03%	0.26%	0.03%
HCA	F	0.22%	0.33%	0.22%
HD	A	0.89%	0.26%	0.26%
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%	0.17%	0.17%
HPE	B	0.21%	0.19%	0.19%
HPQ	B	0.18%	0.35%	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%	0.18%	0.06%
HUBB	B	0.03%	0.26%	0.03%
HUM	C	0.26%	0.26%	0.26%
HWM	A	0.05%	0.08%	0.05%
IBM	C	0.54%	0.34%	0.34%
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%	0.34%	0.05%
IQV	D	0.07%	0.14%	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%	0.4%	0.06%
JBHT	C	0.05%	0.08%	0.05%
JBL	B	0.11%	0.38%	0.11%
JCI	C	0.17%	0.08%	0.08%
JNJ	D	0.9%	0.24%	0.24%
JNPR	F	0.04%	0.2%	0.04%
K	A	0.08%	0.18%	0.08%
KDP	D	0.11%	0.24%	0.11%
KEYS	A	0.05%	0.21%	0.05%
KHC	F	0.22%	0.21%	0.21%
KLAC	D	0.1%	0.17%	0.1%
KMB	D	0.11%	0.42%	0.11%
KMI	A	0.28%	0.25%	0.25%
KMX	B	0.07%	0.14%	0.07%
KO	D	0.43%	0.25%	0.25%
KR	B	0.36%	0.74%	0.36%
LDOS	C	0.06%	0.13%	0.06%
LEN	D	0.2%	0.25%	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%	0.09%	0.09%
LOW	D	0.47%	0.26%	0.26%
LULU	C	0.05%	0.31%	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%	0.04%	0.04%
MAR	B	0.16%	0.12%	0.12%
MAS	D	0.04%	0.19%	0.04%
MCD	D	0.29%	0.5%	0.29%
MCHP	D	0.07%	0.14%	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%	0.47%	0.47%
MGM	D	0.07%	0.07%	0.07%
MHK	D	0.05%	0.19%	0.05%
MKC	D	0.04%	0.21%	0.04%
MLM	B	0.05%	0.17%	0.05%
MMC	B	0.17%	0.04%	0.04%
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%	0.49%	0.49%
MRK	F	0.39%	0.24%	0.24%
MRNA	F	0.02%	0.24%	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%	0.15%	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%	0.25%	0.13%
NFLX	A	0.35%	0.22%	0.22%
NKE	D	0.25%	0.33%	0.25%
NOC	D	0.21%	0.09%	0.09%
NOW	A	0.1%	0.22%	0.1%
NRG	B	0.07%	0.33%	0.07%
NSC	B	0.16%	0.08%	0.08%
NTAP	C	0.06%	0.17%	0.06%
NUE	C	0.21%	0.26%	0.21%
NVDA	C	0.97%	0.13%	0.13%
NVR	D	0.07%	0.26%	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%	0.34%	0.07%
ON	D	0.06%	0.23%	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%	0.13%	0.13%
PEP	F	0.41%	0.18%	0.18%
PFE	D	0.61%	0.24%	0.24%
PG	A	0.75%	0.42%	0.42%
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%	0.11%	0.11%
PSX	C	0.46%	0.51%	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%	0.09%	0.09%
REGN	F	0.14%	0.22%	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%	0.72%	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%	0.35%	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%	0.27%	0.07%
SWKS	F	0.05%	0.21%	0.05%
SYK	C	0.15%	0.12%	0.12%
SYY	B	0.18%	0.75%	0.18%
T	A	1.36%	0.33%	0.33%
TAP	C	0.09%	0.25%	0.09%
TDG	D	0.04%	0.08%	0.04%
TDY	B	0.05%	0.03%	0.03%
TER	D	0.02%	0.17%	0.02%
TGT	F	0.25%	0.17%	0.17%
TJX	A	0.28%	0.72%	0.28%
TMO	F	0.31%	0.14%	0.14%
TMUS	B	0.4%	0.33%	0.33%
TPR	B	0.06%	0.33%	0.06%
TRGP	B	0.14%	0.24%	0.14%
TROW	B	0.08%	0.09%	0.08%
TRV	B	0.28%	0.14%	0.14%
TSCO	D	0.06%	0.12%	0.06%
TSLA	B	0.7%	0.28%	0.28%
TSN	B	0.18%	0.36%	0.18%
TT	A	0.12%	0.07%	0.07%
TTWO	A	0.04%	0.49%	0.04%
TXN	C	0.26%	0.23%	0.23%
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%	0.26%	0.26%
UNP	C	0.25%	0.08%	0.08%
UPS	C	0.43%	0.09%	0.09%
URI	B	0.14%	0.14%	0.14%
V	A	0.74%	0.04%	0.04%
VLO	C	0.47%	0.5%	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%	0.41%	0.18%
VTRS	A	0.15%	0.24%	0.15%
VZ	C	1.14%	0.33%	0.33%
WAB	B	0.07%	0.13%	0.07%
WBA	F	0.12%	0.64%	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%	0.73%	0.73%
WRB	A	0.08%	0.14%	0.08%
WST	C	0.02%	0.05%	0.02%
WTW	B	0.1%	0.03%	0.03%
WY	D	0.06%	0.17%	0.06%
XEL	A	0.18%	0.08%	0.08%
XOM	B	2.41%	0.77%	0.77%
XYL	D	0.04%	0.19%	0.04%
YUM	B	0.03%	0.51%	0.03%
ZBH	C	0.07%	0.12%	0.07%
ZTS	D	0.09%	0.25%	0.09%

IUS Overweight 177 Positions Relative to SSPY

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 SSPY

Symbol	Grade	Weight
COF	B	-0.7%
SYF	B	-0.69%
DFS	B	-0.69%
DPZ	C	-0.52%
L	A	-0.49%
MTCH	D	-0.47%
KVUE	A	-0.42%
ATO	A	-0.33%
NI	A	-0.33%
AWK	D	-0.32%
ENPH	F	-0.26%
PEG	A	-0.26%
MS	A	-0.26%
DLR	B	-0.26%
WMB	A	-0.25%
CTLT	B	-0.25%
EIX	B	-0.25%
ETR	B	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
GS	A	-0.25%
SCHW	B	-0.25%
AEP	D	-0.24%
D	C	-0.24%
NEE	D	-0.24%
PLTR	B	-0.23%
GOOG	C	-0.23%
NXPI	D	-0.23%
PAYC	B	-0.22%
TYL	B	-0.22%
LW	C	-0.22%
DAY	B	-0.22%
ADI	D	-0.22%
MPWR	F	-0.22%
PFG	D	-0.21%
MET	A	-0.21%
GL	B	-0.2%
AIG	B	-0.2%
IEX	B	-0.2%
AFL	B	-0.2%
PRU	A	-0.2%
ERIE	D	-0.2%
TEL	B	-0.19%
PNR	A	-0.19%
BBWI	D	-0.19%
CRWD	B	-0.18%
GEV	B	-0.18%
ROL	B	-0.18%
PTC	A	-0.17%
TECH	D	-0.15%
SMCI	F	-0.15%
WAT	B	-0.15%
CRL	C	-0.14%
JPM	A	-0.13%
EPAM	C	-0.13%
WFC	A	-0.13%
ZBRA	B	-0.13%
C	A	-0.13%
STT	A	-0.12%
BAC	A	-0.12%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
CPT	B	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
BK	A	-0.11%
PODD	C	-0.1%
IDXX	F	-0.1%
NWS	B	-0.1%
ESS	B	-0.1%
RVTY	F	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
AVB	B	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FMC	D	-0.09%
AXON	A	-0.09%
KKR	A	-0.09%
IVZ	B	-0.09%
ALLE	D	-0.08%
PCG	A	-0.08%
SO	D	-0.08%
SRE	A	-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%
BLK	C	-0.08%
AMP	A	-0.08%
O	D	-0.07%
SPG	B	-0.07%
PNW	B	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
CFG	B	-0.06%
HBAN	A	-0.06%
USB	A	-0.06%
FITB	A	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
FICO	B	-0.05%
SOLV	C	-0.05%
TFX	F	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
SPGI	C	-0.04%
GPN	B	-0.04%
FDS	B	-0.04%
ICE	C	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
VLTO	D	-0.03%
NDSN	B	-0.03%
TRMB	B	-0.03%
AJG	B	-0.03%