IUSV vs. CLSE ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Convergence Long/Short Equity ETF (CLSE)

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of 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 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$98.97

Average Daily Volume

517,714

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	CLSE
30 Days	3.05%	4.69%
60 Days	4.28%	6.81%
90 Days	6.30%	9.38%
12 Months	27.24%	39.93%

176 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in CLSE	Overlap
AA	B	0.05%	-0.14%	-0.14%
ABBV	D	0.83%	0.72%	0.72%
ABNB	C	0.13%	-0.34%	-0.34%
AES	F	0.04%	-0.08%	-0.08%
AGCO	D	0.02%	-0.18%	-0.18%
AJG	B	0.14%	-0.17%	-0.17%
ALB	C	0.05%	-0.16%	-0.16%
ALGM	D	0.01%	-0.45%	-0.45%
ALL	A	0.23%	0.45%	0.23%
AMG	B	0.02%	0.58%	0.02%
APD	A	0.31%	-0.15%	-0.15%
APH	A	0.17%	0.67%	0.17%
APTV	D	0.06%	-0.32%	-0.32%
ATO	A	0.1%	-0.1%	-0.1%
AVT	C	0.02%	0.66%	0.02%
AWK	D	0.11%	-0.26%	-0.26%
BA	F	0.25%	-0.4%	-0.4%
BAC	A	1.35%	0.81%	0.81%
BC	C	0.01%	-0.08%	-0.08%
BEN	C	0.03%	-0.36%	-0.36%
BHF	B	0.01%	-0.16%	-0.16%
BLK	C	0.64%	0.65%	0.64%
BMY	B	0.52%	1.11%	0.52%
BRKR	D	0.01%	-0.18%	-0.18%
C	A	0.57%	-0.19%	-0.19%
CACI	D	0.03%	0.48%	0.03%
CAH	B	0.13%	0.86%	0.13%
CCL	B	0.03%	0.35%	0.03%
CDP	C	0.01%	0.34%	0.01%
CF	B	0.03%	0.37%	0.03%
CGNX	C	0.02%	-0.45%	-0.45%
CHRW	C	0.06%	0.61%	0.06%
CHTR	C	0.09%	-0.48%	-0.48%
CINF	A	0.1%	0.12%	0.1%
CNC	D	0.13%	0.31%	0.13%
CNH	C	0.04%	-0.18%	-0.18%
COHR	B	0.07%	-0.36%	-0.36%
COR	B	0.19%	0.86%	0.19%
CRL	C	0.04%	-0.15%	-0.15%
CSCO	B	1.02%	-0.52%	-0.52%
CVLT	B	0.01%	1.4%	0.01%
CVS	D	0.3%	0.29%	0.29%
CYTK	F	0.02%	-0.3%	-0.3%
CZR	F	0.02%	-0.15%	-0.15%
DAR	C	0.03%	-0.16%	-0.16%
DAY	B	0.02%	-0.14%	-0.14%
DELL	C	0.08%	-0.25%	-0.25%
DG	F	0.07%	-0.4%	-0.4%
DLR	B	0.14%	-0.13%	-0.13%
DLTR	F	0.06%	-0.41%	-0.41%
DOCU	A	0.07%	1.37%	0.07%
DVA	B	0.01%	0.78%	0.01%
DXCM	D	0.05%	-0.63%	-0.63%
EEFT	B	0.01%	0.22%	0.01%
EL	F	0.07%	-0.12%	-0.12%
ENOV	C	0.01%	-0.18%	-0.18%
ENPH	F	0.02%	-0.11%	-0.11%
EQIX	A	0.2%	-0.14%	-0.14%
EQR	B	0.11%	0.35%	0.11%
EQT	B	0.11%	-0.23%	-0.23%
EW	C	0.11%	-0.16%	-0.16%
EXPD	D	0.05%	0.14%	0.05%
EXR	D	0.15%	-0.13%	-0.13%
FFIV	B	0.06%	0.6%	0.06%
FITB	A	0.14%	0.78%	0.14%
FLR	B	0.04%	0.21%	0.04%
FOXA	B	0.05%	0.14%	0.05%
FSLR	F	0.09%	-1.26%	-1.26%
GATX	A	0.02%	-0.2%	-0.2%
GE	D	0.48%	-0.46%	-0.46%
GEN	B	0.07%	0.68%	0.07%
GILD	C	0.5%	1.07%	0.5%
GLW	B	0.16%	0.52%	0.16%
GM	B	0.28%	0.87%	0.28%
GNTX	C	0.01%	-0.09%	-0.09%
GRMN	B	0.07%	0.37%	0.07%
HD	A	1.11%	1.13%	1.11%
HGV	B	0.01%	-0.06%	-0.06%
HPE	B	0.12%	1.92%	0.12%
HQY	B	0.02%	0.07%	0.02%
HSY	F	0.07%	-0.24%	-0.24%
ILMN	D	0.1%	0.1%	0.1%
INCY	C	0.05%	0.07%	0.05%
INTC	D	0.47%	-0.93%	-0.93%
J	F	0.08%	0.31%	0.08%
JAZZ	B	0.02%	0.16%	0.02%
JHG	A	0.03%	1.21%	0.03%
JLL	D	0.05%	0.2%	0.05%
JNJ	D	1.6%	0.83%	0.83%
JPM	A	3.01%	0.64%	0.64%
KEY	B	0.08%	-0.25%	-0.25%
KNX	B	0.04%	-0.06%	-0.06%
KR	B	0.17%	0.17%	0.17%
KRG	B	0.03%	-0.17%	-0.17%
LAMR	D	0.02%	0.31%	0.02%
LDOS	C	0.1%	0.55%	0.1%
LITE	B	0.03%	-0.6%	-0.6%
LKQ	D	0.04%	-0.17%	-0.17%
LPX	B	0.01%	0.43%	0.01%
LW	C	0.02%	-0.25%	-0.25%
MASI	A	0.01%	-0.17%	-0.17%
MCHP	D	0.06%	-0.63%	-0.63%
MDT	D	0.48%	0.29%	0.29%
MET	A	0.21%	0.52%	0.21%
MKTX	D	0.04%	-0.29%	-0.29%
MLM	B	0.05%	-0.13%	-0.13%
MNST	C	0.07%	-0.28%	-0.28%
MO	A	0.41%	0.79%	0.41%
MRNA	F	0.06%	-0.47%	-0.47%
MSCI	C	0.09%	-0.27%	-0.27%
MTN	C	0.01%	-0.22%	-0.22%
MTZ	B	0.04%	0.66%	0.04%
MU	D	0.48%	2.13%	0.48%
NDAQ	A	0.14%	-0.3%	-0.3%
NEM	D	0.2%	0.22%	0.2%
NEOG	F	0.01%	-0.26%	-0.26%
NRG	B	0.08%	0.71%	0.08%
NSC	B	0.26%	-0.1%	-0.1%
NTAP	C	0.07%	1.0%	0.07%
NTRS	A	0.09%	1.08%	0.09%
NWS	B	0.02%	-0.57%	-0.57%
ON	D	0.07%	-0.39%	-0.39%
OSK	B	0.03%	-0.16%	-0.16%
PCH	D	0.01%	-0.12%	-0.12%
PG	A	1.05%	0.45%	0.45%
PGR	A	0.33%	0.46%	0.33%
PNC	B	0.36%	0.72%	0.36%
PNW	B	0.04%	0.48%	0.04%
POOL	C	0.03%	-0.61%	-0.61%
PPC	C	0.01%	0.85%	0.01%
PRU	A	0.2%	0.13%	0.13%
PSA	D	0.13%	-0.23%	-0.23%
PYPL	B	0.38%	1.33%	0.38%
QCOM	F	0.38%	1.73%	0.38%
R	B	0.03%	0.38%	0.03%
REXR	F	0.02%	-0.14%	-0.14%
RF	A	0.11%	0.72%	0.11%
RGA	A	0.07%	0.55%	0.07%
RGLD	C	0.02%	0.32%	0.02%
RH	B	0.01%	-0.47%	-0.47%
RMD	C	0.15%	0.4%	0.15%
RNR	C	0.03%	-0.15%	-0.15%
ROP	B	0.15%	-0.7%	-0.7%
RYN	D	0.01%	-0.07%	-0.07%
SEIC	B	0.02%	0.95%	0.02%
SPG	B	0.15%	0.37%	0.15%
SR	A	0.02%	0.38%	0.02%
SRE	A	0.25%	-0.2%	-0.2%
STLD	B	0.03%	-0.13%	-0.13%
SW	A	0.11%	-0.17%	-0.17%
SYF	B	0.11%	1.11%	0.11%
T	A	0.7%	0.29%	0.29%
TEX	D	0.01%	-0.17%	-0.17%
THC	D	0.07%	0.78%	0.07%
TMUS	B	0.51%	0.7%	0.51%
TSN	B	0.08%	0.6%	0.08%
TTWO	A	0.06%	-0.43%	-0.43%
TXN	C	0.52%	-0.81%	-0.81%
UHS	D	0.05%	0.7%	0.05%
UMBF	B	0.02%	0.66%	0.02%
UNP	C	0.34%	0.47%	0.34%
UTHR	C	0.04%	0.73%	0.04%
VLO	C	0.2%	0.29%	0.2%
VMC	B	0.06%	-0.13%	-0.13%
VRTX	F	0.2%	0.23%	0.2%
WAL	B	0.02%	-0.19%	-0.19%
WBD	C	0.1%	-0.43%	-0.43%
WDC	D	0.09%	-0.65%	-0.65%
WFC	A	1.08%	0.75%	0.75%
WMT	A	1.6%	1.82%	1.6%
WTRG	B	0.02%	-0.24%	-0.24%
XPO	B	0.04%	-0.16%	-0.16%
XYL	D	0.13%	-0.23%	-0.23%
ZBRA	B	0.09%	-0.34%	-0.34%
ZI	D	0.01%	-0.36%	-0.36%
ZION	B	0.04%	0.71%	0.04%

IUSV Overweight 552 Positions Relative to CLSE

Symbol	Grade	Weight
BRK.A	B	3.74%
XOM	B	2.34%
UNH	C	1.48%
CVX	A	1.2%
COST	B	1.04%
DIS	B	0.87%
ABT	B	0.87%
IBM	C	0.84%
GS	A	0.81%
V	A	0.77%
VZ	C	0.75%
CMCSA	B	0.73%
MS	A	0.72%
AMGN	D	0.7%
RTX	C	0.69%
NEE	D	0.68%
LOW	D	0.67%
DHR	F	0.67%
HON	B	0.66%
KO	D	0.65%
MRK	F	0.65%
PFE	D	0.64%
PEP	F	0.63%
PM	B	0.55%
TMO	F	0.55%
MA	C	0.53%
SCHW	B	0.52%
MCD	D	0.52%
LMT	D	0.5%
CB	C	0.47%
ACN	C	0.46%
LIN	D	0.46%
PLD	D	0.46%
UPS	C	0.42%
ELV	F	0.41%
SO	D	0.41%
CI	F	0.4%
SPGI	C	0.4%
ICE	C	0.39%
DUK	C	0.37%
MCK	B	0.35%
WELL	A	0.34%
USB	A	0.34%
CAT	B	0.34%
ADP	B	0.33%
GD	F	0.33%
MMM	D	0.32%
EMR	A	0.32%
COF	B	0.31%
TGT	F	0.31%
NOC	D	0.3%
BDX	F	0.29%
FDX	B	0.29%
ISRG	A	0.28%
SLB	C	0.27%
TFC	A	0.27%
TRV	B	0.26%
FI	A	0.26%
JCI	C	0.25%
BK	A	0.25%
BSX	B	0.25%
PSX	C	0.24%
ETN	A	0.24%
AFL	B	0.24%
KMI	A	0.23%
NKE	D	0.23%
MMC	B	0.23%
AMT	D	0.23%
AEP	D	0.22%
CMI	A	0.22%
MDLZ	F	0.22%
GEV	B	0.22%
CME	A	0.22%
LHX	C	0.21%
D	C	0.21%
SYK	C	0.21%
TJX	A	0.21%
FIS	C	0.21%
AXP	A	0.21%
AIG	B	0.21%
O	D	0.21%
CCI	D	0.2%
PCG	A	0.2%
SHW	A	0.2%
KVUE	A	0.2%
CL	D	0.2%
SBUX	A	0.2%
BKR	B	0.19%
WM	A	0.19%
ADI	D	0.19%
F	C	0.19%
PEG	A	0.19%
DE	A	0.19%
KMB	D	0.19%
COP	C	0.18%
WMB	A	0.18%
GEHC	F	0.17%
STZ	D	0.17%
A	D	0.17%
EXC	C	0.17%
XEL	A	0.17%
CEG	D	0.17%
ITW	B	0.17%
CTVA	C	0.17%
CBRE	B	0.17%
MCO	B	0.17%
CTSH	B	0.17%
AON	A	0.17%
ZTS	D	0.16%
MTB	A	0.16%
HPQ	B	0.16%
GIS	D	0.16%
BX	A	0.16%
SYY	B	0.16%
KDP	D	0.16%
REGN	F	0.15%
HCA	F	0.15%
CTAS	B	0.15%
HUM	C	0.15%
OXY	D	0.15%
HIG	B	0.15%
WAB	B	0.15%
CSX	B	0.15%
MSI	B	0.15%
DD	D	0.15%
FCX	D	0.14%
DOW	F	0.14%
ETR	B	0.14%
ADSK	A	0.14%
EIX	B	0.14%
WTW	B	0.14%
AVB	B	0.14%
CARR	D	0.14%
VICI	C	0.14%
ED	D	0.14%
TT	A	0.13%
PPG	F	0.13%
GPN	B	0.13%
RJF	A	0.13%
UAL	A	0.13%
WEC	A	0.13%
EBAY	D	0.13%
ECL	D	0.13%
HAL	C	0.12%
TROW	B	0.12%
KEYS	A	0.12%
DOV	A	0.12%
PAYX	C	0.12%
KHC	F	0.12%
STT	A	0.12%
TEL	B	0.12%
BIIB	F	0.11%
OTIS	C	0.11%
PPL	B	0.11%
DVN	F	0.11%
DTE	C	0.11%
ADM	D	0.11%
VLTO	D	0.11%
HBAN	A	0.11%
AMP	A	0.11%
EOG	A	0.11%
VTR	C	0.11%
ES	D	0.1%
ZBH	C	0.1%
EA	A	0.1%
TDY	B	0.1%
WY	D	0.1%
IFF	D	0.1%
AME	A	0.1%
FAST	B	0.1%
MPC	D	0.1%
OKE	A	0.1%
AEE	A	0.1%
HWM	A	0.09%
EXE	B	0.09%
CNP	B	0.09%
PH	A	0.09%
EFX	F	0.09%
IP	B	0.09%
DFS	B	0.09%
CMS	C	0.09%
LH	C	0.09%
OMC	C	0.09%
CLX	B	0.09%
YUM	B	0.09%
FE	C	0.09%
CFG	B	0.09%
PKG	A	0.09%
LYB	F	0.09%
K	A	0.09%
IQV	D	0.09%
TRMB	B	0.08%
TSCO	D	0.08%
TER	D	0.08%
GPC	D	0.08%
IEX	B	0.08%
DGX	A	0.08%
CSGP	D	0.08%
BBY	D	0.08%
HOLX	D	0.08%
WRB	A	0.08%
LEN	D	0.08%
RSG	A	0.08%
VRSK	A	0.08%
DAL	C	0.08%
PFG	D	0.08%
MAA	B	0.08%
BALL	D	0.08%
MKC	D	0.08%
INVH	D	0.08%
ORLY	B	0.08%
ESS	B	0.08%
LUV	C	0.08%
DOC	D	0.07%
VTRS	A	0.07%
L	A	0.07%
FNF	B	0.07%
LNT	A	0.07%
IDXX	F	0.07%
EG	C	0.07%
AVY	D	0.07%
BAX	D	0.07%
PCAR	B	0.07%
MTD	D	0.07%
TXT	D	0.07%
USFD	A	0.07%
NI	A	0.07%
IRM	D	0.07%
AZO	C	0.07%
KIM	A	0.07%
ARE	D	0.07%
ROK	B	0.07%
JNPR	F	0.06%
JKHY	D	0.06%
CPT	B	0.06%
NUE	C	0.06%
ANSS	B	0.06%
HUBB	B	0.06%
GWW	B	0.06%
CAG	D	0.06%
SWK	D	0.06%
UDR	B	0.06%
TPR	B	0.06%
SWKS	F	0.06%
PFGC	B	0.06%
CDW	F	0.06%
NDSN	B	0.06%
SBAC	D	0.06%
NXPI	D	0.06%
WAT	B	0.06%
RVTY	F	0.06%
CHD	B	0.06%
EVRG	A	0.06%
AMCR	D	0.06%
PWR	A	0.06%
JBHT	C	0.06%
AFG	A	0.05%
SNA	A	0.05%
GME	C	0.05%
CTLT	B	0.05%
FHN	A	0.05%
IPG	D	0.05%
NWSA	B	0.05%
TAP	C	0.05%
AIZ	A	0.05%
TECH	D	0.05%
PODD	C	0.05%
BR	A	0.05%
BJ	A	0.05%
RRX	B	0.05%
COO	D	0.05%
BXP	D	0.05%
SF	B	0.05%
EMN	D	0.05%
SJM	D	0.05%
JEF	A	0.05%
REG	B	0.05%
WPC	D	0.05%
STX	D	0.05%
KMX	B	0.05%
BG	F	0.05%
VRSN	F	0.04%
SNV	B	0.04%
MTCH	D	0.04%
HAS	D	0.04%
X	C	0.04%
SSB	B	0.04%
AVTR	F	0.04%
EPAM	C	0.04%
SFM	A	0.04%
OGE	B	0.04%
HSIC	B	0.04%
MOS	F	0.04%
FRT	B	0.04%
GPK	C	0.04%
TPL	A	0.04%
WTFC	A	0.04%
SNX	C	0.04%
AR	B	0.04%
CPB	D	0.04%
ORI	A	0.04%
HRL	D	0.04%
TFX	F	0.04%
DPZ	C	0.04%
GMED	A	0.04%
PTC	A	0.04%
WCC	B	0.04%
AAL	B	0.04%
SOLV	C	0.04%
STE	F	0.04%
IR	B	0.04%
DRI	B	0.04%
NLY	C	0.04%
GL	B	0.04%
ALLY	C	0.04%
LAD	A	0.04%
FDS	B	0.04%
WBS	A	0.04%
UNM	A	0.04%
ARMK	B	0.04%
BRO	B	0.03%
THO	B	0.03%
FOX	A	0.03%
FNB	A	0.03%
THG	A	0.03%
PVH	C	0.03%
CIEN	B	0.03%
SCI	B	0.03%
ESNT	D	0.03%
ULTA	F	0.03%
OHI	C	0.03%
ARW	D	0.03%
INGR	B	0.03%
STWD	C	0.03%
WHR	B	0.03%
QRVO	F	0.03%
PAYC	B	0.03%
WBA	F	0.03%
HR	C	0.03%
GBCI	B	0.03%
CTRA	B	0.03%
NOV	C	0.03%
COLB	A	0.03%
KD	B	0.03%
LVS	C	0.03%
EWBC	A	0.03%
BIO	D	0.03%
JBL	B	0.03%
PARA	C	0.03%
FAF	A	0.03%
FMC	D	0.03%
BURL	A	0.03%
CMC	B	0.03%
DINO	D	0.03%
VNO	B	0.03%
VMI	B	0.03%
ALGN	D	0.03%
ONB	B	0.03%
AKAM	D	0.03%
TMHC	B	0.03%
MHK	D	0.03%
MOH	F	0.03%
G	B	0.03%
BERY	B	0.03%
CBOE	B	0.03%
ADC	B	0.03%
GLPI	C	0.03%
ALLE	D	0.03%
MRO	B	0.03%
FYBR	D	0.03%
HII	D	0.03%
ACM	A	0.03%
BWA	D	0.03%
IBKR	A	0.03%
IVZ	B	0.03%
PB	A	0.03%
MAS	D	0.03%
ROL	B	0.03%
RPM	A	0.03%
CNM	D	0.02%
PII	D	0.02%
DTM	B	0.02%
FR	C	0.02%
XRAY	F	0.02%
PRGO	B	0.02%
MIDD	C	0.02%
ALE	A	0.02%
MAT	D	0.02%
ASH	D	0.02%
RL	B	0.02%
IDA	A	0.02%
HOG	D	0.02%
MKSI	C	0.02%
DCI	B	0.02%
MTG	C	0.02%
ASB	B	0.02%
ASGN	F	0.02%
KRC	C	0.02%
TXNM	A	0.02%
CNO	A	0.02%
TCBI	B	0.02%
FLS	B	0.02%
ORA	B	0.02%
ERIE	D	0.02%
SAIC	F	0.02%
OGS	A	0.02%
SLGN	A	0.02%
KBR	F	0.02%
KMPR	B	0.02%
TTC	D	0.02%
AN	C	0.02%
FLO	D	0.02%
SBRA	C	0.02%
KEX	C	0.02%
M	D	0.02%
GNRC	B	0.02%
BKH	A	0.02%
BRBR	A	0.02%
TKO	B	0.02%
SWX	B	0.02%
AVNT	B	0.02%
CUZ	B	0.02%
IRT	A	0.02%
ATR	B	0.02%
VLY	B	0.02%
AMH	D	0.02%
ELS	C	0.02%
CUBE	D	0.02%
POR	C	0.02%
NJR	A	0.02%
BRX	A	0.02%
CW	B	0.02%
NNN	D	0.02%
HST	C	0.02%
SON	D	0.02%
ST	F	0.02%
AYI	B	0.02%
GAP	C	0.02%
BDC	B	0.02%
CBSH	A	0.02%
VOYA	B	0.02%
UGI	A	0.02%
NXST	C	0.02%
POST	C	0.02%
CFR	B	0.02%
PNR	A	0.02%
DKS	C	0.02%
BMRN	D	0.02%
UBSI	B	0.02%
NFG	A	0.02%
CLF	F	0.02%
LEA	D	0.02%
EHC	B	0.02%
PNFP	B	0.02%
CG	A	0.02%
FBIN	D	0.02%
HOMB	A	0.02%
CCK	C	0.02%
UA	C	0.01%
TNL	A	0.01%
IPGP	D	0.01%
YETI	C	0.01%
CPRI	F	0.01%
EPR	D	0.01%
MMS	F	0.01%
PSN	D	0.01%
NSP	D	0.01%
BLKB	B	0.01%
VC	D	0.01%
WEN	D	0.01%
NSA	D	0.01%
COLM	B	0.01%
KNF	A	0.01%
SAM	C	0.01%
GEF	A	0.01%
AMED	F	0.01%
SYNA	C	0.01%
POWI	D	0.01%
OPCH	D	0.01%
LIVN	F	0.01%
CHH	A	0.01%
MSM	C	0.01%
HAE	C	0.01%
VSH	D	0.01%
IRDM	D	0.01%
UAA	C	0.01%
DLB	B	0.01%
CNXC	F	0.01%
VNOM	A	0.01%
CADE	B	0.01%
LFUS	F	0.01%
LANC	C	0.01%
ROIV	C	0.01%
CRI	D	0.01%
CHX	C	0.01%
CBT	C	0.01%
SRPT	D	0.01%
ALTM	C	0.01%
SMG	D	0.01%
EQH	B	0.01%
LSTR	D	0.01%
AM	A	0.01%
JWN	C	0.01%
IBOC	A	0.01%
ENS	D	0.01%
RCM	F	0.01%
CRUS	D	0.01%
EXPO	D	0.01%
HWC	B	0.01%
NOVT	D	0.01%
HXL	D	0.01%
RLI	B	0.01%
OZK	B	0.01%
GXO	B	0.01%
CHWY	B	0.01%
GT	C	0.01%
WU	D	0.01%
WH	B	0.01%
MUR	D	0.01%
SIGI	C	0.01%
MGM	D	0.01%
MTSI	B	0.01%
CXT	B	0.01%
KBH	D	0.01%
CC	C	0.01%
ALV	C	0.01%
TKR	D	0.01%
AMKR	D	0.01%
OLN	D	0.01%
VAC	B	0.01%
MAN	D	0.01%
PBF	D	0.01%
SLM	A	0.01%
PAG	B	0.01%
FFIN	B	0.01%
EVR	B	0.01%
GHC	C	0.01%
EXLS	B	0.01%
AZPN	A	0.01%
EGP	F	0.01%
DOCS	C	0.01%
FLG	C	0.01%
STAG	F	0.01%
AMTM	D	0.01%
CHE	D	0.01%
AOS	F	0.01%
NWE	B	0.01%
NVST	B	0.01%
FHI	A	0.01%
MAGN	F	0.0%
AZTA	D	0.0%
WMG	C	0.0%

IUSV Underweight 161 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-4.61%
GOOGL	C	-3.47%
META	D	-3.3%
AMZN	C	-2.53%
AVGO	D	-2.28%
APP	B	-2.25%
CVNA	B	-1.85%
ANET	C	-1.83%
IDCC	A	-1.51%
GDDY	A	-1.42%
ORCL	B	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
NTNX	A	-1.16%
SNEX	B	-1.06%
PLTR	B	-1.02%
LNG	B	-0.97%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	B	-0.88%
GVA	A	-0.84%
MLI	C	-0.84%
CARG	C	-0.83%
AAPL	C	-0.83%
PRIM	A	-0.8%
NFLX	A	-0.79%
IESC	B	-0.77%
CPNG	D	-0.77%
EME	C	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
STRL	B	-0.71%
CMA	A	-0.71%
CEIX	A	-0.7%
VRT	B	-0.68%
ALSN	B	-0.66%
MWA	B	-0.65%
EXPE	B	-0.61%
FTDR	A	-0.58%
VST	B	-0.55%
SLVM	B	-0.5%
GOOG	C	-0.49%
UI	A	-0.49%
EXP	A	-0.48%
AVA	A	-0.47%
DUOL	A	-0.45%
BKNG	A	-0.44%
CTRE	D	-0.42%
SCCO	F	-0.41%
JXN	C	-0.39%
CNA	B	-0.37%
OUT	A	-0.36%
PTON	B	-0.31%
MPWR	F	-0.3%
IIPR	D	-0.28%
APA	D	-0.25%
NVR	D	-0.24%
MATX	C	-0.22%
TOL	B	-0.22%
MUSA	A	-0.2%
ABM	B	-0.19%
BAH	F	-0.18%
NTRA	B	-0.17%
BOX	B	-0.17%
FN	D	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CDE	D	-0.11%
AEIS	B	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
LRCX	F	-0.0%
PENN	C	--0.05%
HUN	F	--0.07%
EXAS	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
JOE	F	--0.08%
FLYW	C	--0.08%
JBLU	F	--0.09%
MCW	B	--0.1%
ABG	B	--0.1%
ACVA	B	--0.11%
CGON	F	--0.11%
RBA	A	--0.12%
FL	F	--0.12%
AVAV	D	--0.13%
ALIT	C	--0.13%
BPOP	B	--0.14%
PYCR	C	--0.14%
ARWR	F	--0.14%
MKL	A	--0.14%
COLD	D	--0.15%
GTLS	B	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
LGIH	D	--0.16%
UHAL	D	--0.16%
AGO	B	--0.16%
SITE	D	--0.16%
TREX	C	--0.17%
MDGL	B	--0.17%
CHDN	B	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
COTY	F	--0.18%
AL	B	--0.18%
AIR	B	--0.19%
KNSL	B	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	A	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	A	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
ELF	C	--0.24%
IONS	F	--0.24%
GPOR	B	--0.24%
CELH	F	--0.24%
BILL	A	--0.26%
AUR	C	--0.26%
VAL	D	--0.27%
FOUR	B	--0.27%
STNE	F	--0.27%
TEAM	A	--0.27%
PTEN	C	--0.27%
SOFI	A	--0.28%
ESTC	C	--0.29%
MDB	C	--0.29%
XP	F	--0.29%
LYV	A	--0.3%
APLS	D	--0.3%
GTLB	B	--0.32%
VVV	F	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
INSP	D	--0.34%
FCNCA	A	--0.35%
APO	B	--0.35%
AFRM	B	--0.35%
CACC	D	--0.36%
BBIO	F	--0.36%
SATS	D	--0.4%
RBLX	C	--0.41%
PINS	D	--0.41%
U	C	--0.41%
RIVN	F	--0.42%
SNPS	B	--0.44%
DV	C	--0.45%
CDNS	B	--0.46%
SMCI	F	--0.47%
CFLT	B	--0.47%
FND	C	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
WST	C	--0.59%
LSCC	D	--0.7%