IWS vs. AVMC ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Avantis U.S. Mid Cap Equity ETF (AVMC)

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

$134.29

Average Daily Volume

266,918

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$67.00

Average Daily Volume

11,274

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	IWS	AVMC
30 Days	0.25%	2.07%
60 Days	3.66%	7.35%
90 Days	6.80%	9.75%
12 Months	28.99%	32.37%

422 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in AVMC	Overlap
A	D	0.43%	0.34%	0.34%
AA	A	0.12%	0.08%	0.08%
ACGL	C	0.4%	0.53%	0.4%
ACM	B	0.16%	0.19%	0.16%
ADM	D	0.27%	0.17%	0.17%
AEE	A	0.26%	0.18%	0.18%
AES	F	0.1%	0.08%	0.08%
AFG	A	0.11%	0.16%	0.11%
AFRM	A	0.12%	0.15%	0.12%
AGCO	D	0.06%	0.1%	0.06%
AGR	A	0.03%	0.01%	0.01%
AIZ	A	0.12%	0.17%	0.12%
AKAM	F	0.15%	0.26%	0.15%
ALB	C	0.13%	0.17%	0.13%
ALGN	D	0.07%	0.23%	0.07%
ALLE	D	0.14%	0.18%	0.14%
ALLY	C	0.1%	0.19%	0.1%
ALSN	B	0.11%	0.17%	0.11%
AM	A	0.04%	0.09%	0.04%
AMCR	C	0.16%	0.19%	0.16%
AMG	A	0.06%	0.08%	0.06%
AMKR	F	0.03%	0.06%	0.03%
AN	D	0.05%	0.08%	0.05%
AOS	F	0.1%	0.15%	0.1%
APA	F	0.09%	0.12%	0.09%
APG	C	0.09%	0.1%	0.09%
APTV	F	0.17%	0.22%	0.17%
AR	B	0.09%	0.16%	0.09%
ARMK	C	0.11%	0.13%	0.11%
ARW	D	0.07%	0.11%	0.07%
ATI	D	0.08%	0.12%	0.08%
ATO	A	0.23%	0.28%	0.23%
ATR	B	0.13%	0.18%	0.13%
AVY	D	0.11%	0.24%	0.11%
AWK	C	0.29%	0.23%	0.23%
AXS	A	0.07%	0.12%	0.07%
AXTA	A	0.1%	0.12%	0.1%
AYI	A	0.11%	0.16%	0.11%
BALL	D	0.2%	0.24%	0.2%
BAX	F	0.19%	0.16%	0.16%
BBY	C	0.21%	0.29%	0.21%
BC	D	0.06%	0.09%	0.06%
BEN	C	0.07%	0.09%	0.07%
BERY	D	0.08%	0.1%	0.08%
BFAM	F	0.06%	0.07%	0.06%
BIIB	F	0.27%	0.3%	0.27%
BILL	A	0.06%	0.1%	0.06%
BIO	C	0.08%	0.08%	0.08%
BJ	B	0.13%	0.18%	0.13%
BLD	F	0.12%	0.16%	0.12%
BLDR	D	0.21%	0.34%	0.21%
BMRN	F	0.14%	0.16%	0.14%
BOKF	A	0.03%	0.04%	0.03%
BPOP	C	0.07%	0.1%	0.07%
BR	A	0.03%	0.37%	0.03%
BRKR	F	0.03%	0.05%	0.03%
BRO	B	0.16%	0.26%	0.16%
BWA	A	0.08%	0.13%	0.08%
BWXT	A	0.1%	0.18%	0.1%
BYD	A	0.06%	0.06%	0.06%
CACC	D	0.01%	0.03%	0.01%
CASY	B	0.14%	0.27%	0.14%
CBOE	D	0.22%	0.29%	0.22%
CBRE	B	0.45%	0.47%	0.45%
CBSH	A	0.09%	0.11%	0.09%
CCK	D	0.12%	0.16%	0.12%
CCL	A	0.26%	0.5%	0.26%
CDW	F	0.14%	0.45%	0.14%
CF	A	0.17%	0.29%	0.17%
CFG	A	0.22%	0.32%	0.22%
CFR	A	0.09%	0.13%	0.09%
CG	B	0.12%	0.19%	0.12%
CGNX	D	0.08%	0.08%	0.08%
CHD	A	0.28%	0.36%	0.28%
CHE	D	0.08%	0.12%	0.08%
CHH	A	0.01%	0.06%	0.01%
CHRD	F	0.09%	0.11%	0.09%
CHRW	A	0.14%	0.14%	0.14%
CIEN	B	0.11%	0.14%	0.11%
CINF	A	0.25%	0.33%	0.25%
CIVI	F	0.04%	0.1%	0.04%
CLF	F	0.05%	0.12%	0.05%
CLH	C	0.14%	0.23%	0.14%
CLVT	F	0.02%	0.02%	0.02%
CMA	A	0.1%	0.17%	0.1%
CMI	A	0.53%	0.59%	0.53%
CMS	C	0.22%	0.17%	0.17%
CNA	C	0.01%	0.02%	0.01%
CNC	F	0.34%	0.14%	0.14%
CNM	F	0.03%	0.07%	0.03%
CNP	A	0.21%	0.08%	0.08%
CNXC	F	0.02%	0.0%	0.0%
COHR	B	0.16%	0.19%	0.16%
COIN	A	0.09%	0.51%	0.09%
COKE	C	0.08%	0.08%	0.08%
COLB	A	0.07%	0.03%	0.03%
COLM	B	0.03%	0.04%	0.03%
CPB	D	0.09%	0.07%	0.07%
CR	A	0.09%	0.11%	0.09%
CROX	F	0.05%	0.07%	0.05%
CSGP	F	0.34%	0.38%	0.34%
CSL	B	0.19%	0.39%	0.19%
CTLT	C	0.12%	0.13%	0.12%
CTRA	A	0.2%	0.33%	0.2%
CTSH	B	0.43%	0.13%	0.13%
CTVA	D	0.44%	0.15%	0.15%
CWEN	D	0.01%	0.02%	0.01%
CWEN	D	0.03%	0.02%	0.02%
CWEN	D	0.03%	0.01%	0.01%
CWEN	D	0.01%	0.01%	0.01%
CZR	F	0.1%	0.11%	0.1%
DAL	A	0.43%	0.57%	0.43%
DAR	B	0.07%	0.07%	0.07%
DCI	B	0.1%	0.15%	0.1%
DD	D	0.38%	0.47%	0.38%
DDS	B	0.01%	0.03%	0.01%
DFS	A	0.47%	0.68%	0.47%
DG	F	0.18%	0.13%	0.13%
DINO	D	0.07%	0.13%	0.07%
DKS	D	0.11%	0.12%	0.11%
DLB	D	0.05%	0.07%	0.05%
DLTR	F	0.13%	0.11%	0.11%
DOV	A	0.3%	0.38%	0.3%
DOW	F	0.35%	0.35%	0.35%
DRI	B	0.1%	0.31%	0.1%
DTE	C	0.26%	0.19%	0.19%
DTM	A	0.1%	0.16%	0.1%
DVN	F	0.27%	0.44%	0.27%
EA	A	0.46%	0.49%	0.46%
EBAY	D	0.34%	0.27%	0.27%
ED	D	0.37%	0.31%	0.31%
EFX	F	0.29%	0.38%	0.29%
EG	D	0.14%	0.24%	0.14%
EHC	B	0.11%	0.14%	0.11%
EIX	C	0.34%	0.11%	0.11%
ELAN	C	0.07%	0.1%	0.07%
EME	B	0.16%	0.44%	0.16%
EMN	C	0.13%	0.21%	0.13%
EPAM	B	0.13%	0.15%	0.13%
EQT	A	0.25%	0.33%	0.25%
ES	C	0.23%	0.11%	0.11%
ESAB	B	0.08%	0.1%	0.08%
ETR	A	0.34%	0.34%	0.34%
EVR	A	0.12%	0.2%	0.12%
EVRG	A	0.15%	0.13%	0.13%
EWBC	A	0.15%	0.24%	0.15%
EXC	C	0.41%	0.08%	0.08%
EXEL	B	0.02%	0.16%	0.02%
EXP	B	0.03%	0.18%	0.03%
EXPD	D	0.15%	0.31%	0.15%
FAF	C	0.07%	0.1%	0.07%
FANG	D	0.37%	0.11%	0.11%
FBIN	D	0.11%	0.15%	0.11%
FCNCA	A	0.28%	0.47%	0.28%
FDS	A	0.13%	0.28%	0.13%
FE	C	0.26%	0.13%	0.13%
FFIV	B	0.15%	0.21%	0.15%
FHN	A	0.12%	0.1%	0.1%
FIS	B	0.54%	0.52%	0.52%
FITB	A	0.34%	0.51%	0.34%
FLO	D	0.04%	0.04%	0.04%
FLS	A	0.09%	0.11%	0.09%
FMC	F	0.08%	0.06%	0.06%
FND	F	0.07%	0.15%	0.07%
FNF	C	0.17%	0.23%	0.17%
FOX	A	0.06%	0.1%	0.06%
FOXA	A	0.11%	0.21%	0.11%
FRPT	B	0.05%	0.05%	0.05%
FSLR	F	0.22%	0.26%	0.22%
FTI	A	0.13%	0.26%	0.13%
FYBR	C	0.09%	0.08%	0.08%
G	A	0.09%	0.08%	0.08%
GAP	C	0.05%	0.09%	0.05%
GEHC	D	0.37%	0.39%	0.37%
GFS	C	0.05%	0.06%	0.05%
GGG	A	0.16%	0.24%	0.16%
GIS	D	0.4%	0.22%	0.22%
GL	B	0.11%	0.16%	0.11%
GLW	B	0.4%	0.6%	0.4%
GME	C	0.1%	0.14%	0.1%
GMED	A	0.1%	0.13%	0.1%
GNRC	B	0.06%	0.14%	0.06%
GNTX	C	0.08%	0.11%	0.08%
GPC	D	0.18%	0.19%	0.18%
GPK	D	0.1%	0.12%	0.1%
GRMN	B	0.36%	0.48%	0.36%
GWRE	B	0.1%	0.19%	0.1%
H	B	0.06%	0.07%	0.06%
HAS	D	0.01%	0.11%	0.01%
HBAN	A	0.27%	0.4%	0.27%
HIG	C	0.37%	0.62%	0.37%
HII	F	0.09%	0.1%	0.09%
HOLX	D	0.19%	0.19%	0.19%
HPE	B	0.31%	0.44%	0.31%
HRB	D	0.07%	0.16%	0.07%
HRL	D	0.1%	0.11%	0.1%
HSY	F	0.24%	0.16%	0.16%
HUBB	B	0.27%	0.37%	0.27%
HWM	A	0.47%	0.52%	0.47%
HXL	F	0.05%	0.07%	0.05%
IDA	A	0.06%	0.04%	0.04%
IEX	B	0.19%	0.22%	0.19%
IFF	D	0.26%	0.17%	0.17%
ILMN	C	0.26%	0.15%	0.15%
INCY	B	0.14%	0.17%	0.14%
INGR	B	0.11%	0.14%	0.11%
IP	A	0.22%	0.32%	0.22%
IPG	F	0.12%	0.11%	0.11%
IQV	F	0.38%	0.06%	0.06%
IR	A	0.45%	0.49%	0.45%
ITT	A	0.14%	0.2%	0.14%
IVZ	B	0.07%	0.09%	0.07%
J	D	0.2%	0.19%	0.19%
JAZZ	A	0.08%	0.12%	0.08%
JBHT	B	0.17%	0.26%	0.17%
JBL	C	0.15%	0.37%	0.15%
JEF	A	0.1%	0.17%	0.1%
JKHY	D	0.14%	0.2%	0.14%
JLL	C	0.1%	0.16%	0.1%
JNPR	D	0.14%	0.09%	0.09%
K	B	0.23%	0.31%	0.23%
KBR	D	0.1%	0.13%	0.1%
KEX	A	0.08%	0.12%	0.08%
KEY	A	0.19%	0.29%	0.19%
KEYS	C	0.31%	0.41%	0.31%
KMX	B	0.12%	0.21%	0.12%
KNX	B	0.1%	0.1%	0.1%
KR	B	0.43%	0.13%	0.13%
KVUE	A	0.49%	0.2%	0.2%
L	A	0.16%	0.23%	0.16%
LAD	A	0.11%	0.19%	0.11%
LBRDA	B	0.01%	0.03%	0.01%
LBRDK	B	0.09%	0.16%	0.09%
LCID	F	0.02%	0.01%	0.01%
LDOS	C	0.29%	0.32%	0.29%
LEA	F	0.06%	0.09%	0.06%
LECO	C	0.09%	0.19%	0.09%
LFUS	D	0.07%	0.09%	0.07%
LH	B	0.22%	0.26%	0.22%
LKQ	D	0.11%	0.01%	0.01%
LNT	A	0.16%	0.13%	0.13%
LSCC	D	0.01%	0.1%	0.01%
LSTR	D	0.07%	0.11%	0.07%
LUV	A	0.21%	0.27%	0.21%
LW	C	0.09%	0.12%	0.09%
LYB	F	0.24%	0.38%	0.24%
MAS	D	0.19%	0.11%	0.11%
MAT	C	0.07%	0.11%	0.07%
MGM	D	0.09%	0.03%	0.03%
MHK	D	0.08%	0.09%	0.08%
MKC	D	0.21%	0.15%	0.15%
MKL	A	0.18%	0.35%	0.18%
MKTX	C	0.11%	0.08%	0.08%
MLM	B	0.39%	0.54%	0.39%
MOH	F	0.08%	0.32%	0.08%
MOS	D	0.1%	0.11%	0.1%
MRO	A	0.17%	0.33%	0.17%
MSA	D	0.07%	0.1%	0.07%
MSM	C	0.04%	0.02%	0.02%
MSTR	B	0.43%	0.38%	0.38%
MTB	A	0.38%	0.53%	0.38%
MTDR	C	0.07%	0.14%	0.07%
MTG	C	0.07%	0.12%	0.07%
MTN	C	0.01%	0.08%	0.01%
NDAQ	A	0.35%	0.4%	0.35%
NEU	C	0.04%	0.08%	0.04%
NFE	F	0.0%	0.0%	0.0%
NFG	A	0.06%	0.08%	0.06%
NI	A	0.17%	0.12%	0.12%
NOV	D	0.07%	0.11%	0.07%
NRG	B	0.13%	0.24%	0.13%
NTAP	D	0.15%	0.41%	0.15%
NTRS	A	0.23%	0.35%	0.23%
NVR	D	0.29%	0.14%	0.14%
NWS	A	0.04%	0.05%	0.04%
NWSA	B	0.12%	0.17%	0.12%
NXST	D	0.03%	0.07%	0.03%
NYT	D	0.1%	0.13%	0.1%
OC	A	0.18%	0.31%	0.18%
OGE	A	0.09%	0.11%	0.09%
OLED	F	0.05%	0.12%	0.05%
OLLI	D	0.07%	0.09%	0.07%
OLN	F	0.06%	0.08%	0.06%
OMC	C	0.22%	0.19%	0.19%
OMF	A	0.07%	0.11%	0.07%
ON	F	0.33%	0.49%	0.33%
ONTO	F	0.07%	0.14%	0.07%
ORI	A	0.1%	0.15%	0.1%
OSK	C	0.08%	0.12%	0.08%
OVV	C	0.12%	0.26%	0.12%
OZK	A	0.05%	0.03%	0.03%
PAG	A	0.03%	0.05%	0.03%
PARA	C	0.07%	0.04%	0.04%
PATH	D	0.01%	0.07%	0.01%
PAYC	B	0.05%	0.17%	0.05%
PB	A	0.08%	0.09%	0.08%
PEG	C	0.46%	0.45%	0.45%
PFG	C	0.21%	0.31%	0.21%
PFGC	B	0.12%	0.19%	0.12%
PHM	D	0.3%	0.5%	0.3%
PII	F	0.04%	0.01%	0.01%
PKG	B	0.23%	0.39%	0.23%
PNFP	A	0.1%	0.16%	0.1%
PNR	A	0.19%	0.22%	0.19%
PNW	A	0.11%	0.12%	0.11%
POST	D	0.06%	0.07%	0.06%
PPC	B	0.02%	0.03%	0.02%
PPG	F	0.32%	0.41%	0.32%
PPL	A	0.27%	0.22%	0.22%
PR	C	0.08%	0.15%	0.08%
PRI	A	0.11%	0.19%	0.11%
PSTG	F	0.02%	0.27%	0.02%
PTC	B	0.1%	0.07%	0.07%
PVH	C	0.06%	0.08%	0.06%
PWR	A	0.36%	0.16%	0.16%
QRVO	F	0.07%	0.1%	0.07%
R	A	0.08%	0.15%	0.08%
RBC	A	0.1%	0.12%	0.1%
RCL	A	0.38%	0.94%	0.38%
REYN	D	0.02%	0.0%	0.0%
RF	A	0.26%	0.38%	0.26%
RGA	A	0.16%	0.23%	0.16%
RGEN	D	0.07%	0.0%	0.0%
RGLD	C	0.11%	0.09%	0.09%
RHI	B	0.08%	0.13%	0.08%
RIVN	F	0.1%	0.13%	0.1%
RJF	A	0.33%	0.5%	0.33%
RL	B	0.1%	0.13%	0.1%
RLI	A	0.07%	0.11%	0.07%
RMD	C	0.29%	0.44%	0.29%
RNR	D	0.15%	0.19%	0.15%
ROK	A	0.31%	0.4%	0.31%
ROKU	D	0.09%	0.13%	0.09%
RPM	A	0.14%	0.27%	0.14%
RPRX	F	0.11%	0.09%	0.09%
RRC	B	0.09%	0.16%	0.09%
RS	B	0.2%	0.3%	0.2%
S	B	0.07%	0.09%	0.07%
SAIA	B	0.06%	0.28%	0.06%
SAIC	D	0.08%	0.01%	0.01%
SCI	B	0.13%	0.14%	0.13%
SEE	B	0.03%	0.04%	0.03%
SEIC	A	0.09%	0.15%	0.09%
SF	A	0.12%	0.17%	0.12%
SITE	D	0.05%	0.1%	0.05%
SKX	D	0.08%	0.12%	0.08%
SNA	A	0.2%	0.28%	0.2%
SNX	D	0.1%	0.1%	0.1%
SOFI	A	0.12%	0.17%	0.12%
SON	D	0.05%	0.07%	0.05%
SQ	A	0.26%	0.27%	0.26%
SSD	D	0.08%	0.14%	0.08%
SSNC	D	0.17%	0.19%	0.17%
ST	F	0.05%	0.06%	0.05%
STE	D	0.23%	0.3%	0.23%
STLD	B	0.24%	0.42%	0.24%
STT	A	0.31%	0.44%	0.31%
SW	A	0.29%	0.08%	0.08%
SWKS	F	0.15%	0.23%	0.15%
SYF	A	0.27%	0.46%	0.27%
SYY	D	0.16%	0.41%	0.16%
TAP	A	0.11%	0.16%	0.11%
TECH	D	0.13%	0.13%	0.13%
TER	F	0.02%	0.25%	0.02%
TFX	F	0.1%	0.07%	0.07%
THC	C	0.17%	0.21%	0.17%
THO	B	0.06%	0.09%	0.06%
TKR	F	0.05%	0.08%	0.05%
TOL	B	0.17%	0.29%	0.17%
TPR	A	0.13%	0.11%	0.11%
TRMB	A	0.19%	0.02%	0.02%
TROW	A	0.28%	0.4%	0.28%
TSN	A	0.18%	0.2%	0.18%
TTC	D	0.1%	0.08%	0.08%
TTWO	A	0.33%	0.17%	0.17%
TW	B	0.1%	0.2%	0.1%
TWLO	A	0.14%	0.22%	0.14%
TXT	D	0.18%	0.27%	0.18%
UAL	A	0.31%	0.48%	0.31%
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%	0.15%	0.13%
ULTA	D	0.03%	0.2%	0.03%
UNM	A	0.14%	0.19%	0.14%
URI	B	0.48%	0.8%	0.48%
USFD	B	0.17%	0.2%	0.17%
UTHR	B	0.19%	0.29%	0.19%
VFC	B	0.08%	0.07%	0.07%
VMC	B	0.31%	0.51%	0.31%
VNT	C	0.07%	0.09%	0.07%
VOYA	A	0.09%	0.13%	0.09%
VTRS	A	0.17%	0.25%	0.17%
WAB	B	0.38%	0.4%	0.38%
WAL	A	0.11%	0.2%	0.11%
WAT	B	0.1%	0.31%	0.1%
WBD	B	0.24%	0.2%	0.2%
WBS	A	0.11%	0.17%	0.11%
WCC	A	0.1%	0.15%	0.1%
WEC	A	0.33%	0.19%	0.19%
WEX	F	0.07%	0.11%	0.07%
WH	A	0.07%	0.1%	0.07%
WHR	A	0.06%	0.06%	0.06%
WLK	F	0.05%	0.08%	0.05%
WMS	F	0.06%	0.21%	0.06%
WRB	A	0.19%	0.27%	0.19%
WSC	F	0.06%	0.11%	0.06%
WSM	F	0.07%	0.35%	0.07%
WSO	A	0.2%	0.23%	0.2%
WST	C	0.1%	0.33%	0.1%
WTFC	A	0.09%	0.14%	0.09%
WWD	B	0.12%	0.14%	0.12%
X	D	0.1%	0.17%	0.1%
XEL	A	0.41%	0.29%	0.29%
XRAY	F	0.04%	0.03%	0.03%
XYL	D	0.33%	0.3%	0.3%
Z	A	0.13%	0.14%	0.13%
ZBH	C	0.24%	0.2%	0.2%
ZG	A	0.04%	0.03%	0.03%
ZION	A	0.09%	0.18%	0.09%
ZM	B	0.23%	0.25%	0.23%

IWS Overweight 288 Positions Relative to AVMC

Symbol	Grade	Weight
WMB	A	0.74%
OKE	A	0.68%
AFL	C	0.66%
DLR	A	0.64%
AJG	A	0.64%
BK	A	0.62%
KMI	A	0.56%
DHI	D	0.54%
O	D	0.54%
LHX	B	0.53%
CCI	D	0.5%
PCG	A	0.48%
AME	A	0.48%
BKR	A	0.47%
SPG	A	0.47%
ALL	A	0.47%
PRU	A	0.47%
LEN	D	0.45%
OTIS	D	0.44%
MCHP	F	0.42%
FERG	D	0.42%
NUE	D	0.41%
CHTR	B	0.4%
ROST	D	0.39%
HUM	F	0.38%
EXR	C	0.38%
AVB	A	0.36%
WTW	B	0.35%
VICI	C	0.35%
PAYX	B	0.33%
HLT	A	0.32%
ANSS	B	0.32%
GPN	B	0.31%
HPQ	B	0.3%
MTD	F	0.3%
EQR	C	0.3%
VTR	C	0.29%
FTV	D	0.29%
HAL	C	0.28%
YUM	D	0.26%
SBAC	D	0.26%
WDC	F	0.25%
LNG	A	0.25%
WY	D	0.25%
TDY	B	0.24%
EXE	A	0.23%
COO	D	0.22%
HOOD	A	0.22%
INVH	D	0.22%
MSCI	A	0.21%
ESS	A	0.21%
TRU	D	0.21%
ARE	D	0.21%
MAA	A	0.2%
CVNA	A	0.19%
DGX	A	0.19%
IBKR	A	0.19%
KIM	A	0.18%
AVTR	F	0.17%
SUI	D	0.17%
DOC	D	0.17%
ZBRA	B	0.17%
GEN	B	0.17%
VRSN	D	0.16%
UDR	C	0.16%
CW	B	0.16%
NDSN	B	0.16%
IRM	D	0.16%
RVTY	D	0.16%
CAG	F	0.15%
REG	A	0.15%
SWK	F	0.15%
HES	B	0.15%
VLTO	D	0.15%
HST	D	0.14%
CPT	D	0.14%
CACI	C	0.14%
NVT	B	0.14%
BXP	D	0.14%
GLPI	D	0.14%
ELS	B	0.14%
RRX	B	0.13%
CAH	B	0.13%
SJM	F	0.13%
NTNX	A	0.13%
BG	D	0.13%
WPC	D	0.13%
AMH	C	0.13%
FWONK	B	0.12%
CUBE	C	0.12%
CRL	D	0.12%
DAY	B	0.12%
TTEK	D	0.11%
WTRG	C	0.11%
NLY	C	0.11%
SOLV	C	0.11%
OHI	C	0.11%
DPZ	C	0.11%
DOX	D	0.11%
HLI	A	0.1%
MTZ	B	0.1%
CNH	D	0.1%
BRBR	A	0.1%
REXR	F	0.1%
FRT	B	0.1%
MTCH	F	0.09%
WYNN	D	0.09%
ACI	C	0.09%
VNO	B	0.09%
SNV	A	0.09%
TKO	C	0.09%
CART	C	0.09%
LAMR	D	0.09%
AAL	B	0.09%
EGP	D	0.09%
FICO	A	0.09%
BRX	A	0.09%
HSIC	D	0.09%
GXO	B	0.08%
FR	D	0.08%
AGNC	C	0.08%
FCN	F	0.08%
MKSI	D	0.08%
MIDD	D	0.08%
FAST	B	0.08%
ADC	A	0.08%
MTSI	B	0.08%
NNN	D	0.08%
STWD	D	0.07%
KD	A	0.07%
SIRI	C	0.07%
ALK	A	0.07%
ESI	B	0.07%
WBA	F	0.07%
COLD	F	0.07%
AZPN	A	0.07%
DOCS	C	0.07%
HR	C	0.07%
BBWI	C	0.07%
STAG	D	0.07%
OKTA	D	0.07%
VMI	B	0.07%
GWW	A	0.07%
CE	F	0.07%
AVT	C	0.06%
PSN	C	0.06%
CCCS	A	0.06%
SN	C	0.06%
RITM	C	0.06%
CRUS	F	0.06%
LITE	A	0.06%
EXAS	F	0.06%
THG	A	0.06%
FNB	A	0.06%
JHG	A	0.06%
LNC	A	0.06%
AMTM	D	0.05%
LINE	F	0.05%
GTES	B	0.05%
TPG	B	0.05%
M	C	0.05%
EEFT	C	0.05%
SLGN	B	0.05%
AWI	A	0.05%
DBX	C	0.05%
AGO	A	0.05%
RYN	D	0.05%
WTM	A	0.05%
CUZ	B	0.05%
KRC	C	0.05%
AMP	A	0.05%
AL	A	0.05%
UGI	C	0.05%
ROIV	D	0.05%
SLM	A	0.05%
LBTYK	A	0.04%
VAC	B	0.04%
HUN	F	0.04%
LBTYA	F	0.04%
MASI	A	0.04%
U	F	0.04%
LOPE	B	0.04%
EPR	D	0.04%
FHB	A	0.04%
NVST	C	0.04%
TNL	A	0.04%
HIW	D	0.04%
PRGO	C	0.04%
MDU	D	0.04%
W	F	0.04%
ACHC	F	0.04%
ZI	D	0.04%
DNB	B	0.04%
PLNT	A	0.04%
NWL	B	0.04%
MSGS	B	0.04%
DXC	C	0.04%
VNOM	B	0.04%
ALNY	D	0.04%
IAC	D	0.04%
TYL	B	0.04%
RH	C	0.04%
HOG	D	0.04%
ASH	F	0.04%
KMPR	A	0.04%
OGN	F	0.04%
CPRI	F	0.03%
YETI	F	0.03%
AZTA	F	0.03%
PINC	B	0.03%
GLOB	C	0.03%
SHC	D	0.03%
QDEL	F	0.03%
ENOV	C	0.03%
SPB	C	0.03%
MP	B	0.03%
WU	F	0.03%
HHH	B	0.03%
ALGM	F	0.03%
COTY	F	0.03%
CC	C	0.03%
VIRT	A	0.03%
CXT	D	0.03%
MPW	F	0.03%
LLYVK	A	0.03%
NSA	C	0.03%
PK	C	0.03%
MAN	F	0.03%
AMED	F	0.03%
BHF	A	0.03%
SMG	D	0.03%
BROS	A	0.03%
PENN	B	0.03%
IRDM	C	0.03%
SPR	D	0.03%
ECG	D	0.03%
SNDR	B	0.02%
TRIP	D	0.02%
LEG	F	0.02%
INFA	F	0.02%
UA	B	0.02%
WEN	C	0.02%
GO	C	0.02%
CRI	D	0.02%
UAA	B	0.02%
BIRK	F	0.02%
LEN	D	0.02%
VSTS	F	0.02%
QS	F	0.02%
FTRE	D	0.02%
KSS	F	0.02%
AZEK	B	0.02%
LYFT	B	0.02%
ALAB	B	0.02%
ETSY	D	0.02%
SAM	B	0.02%
LPX	A	0.02%
RKT	F	0.02%
RCM	A	0.02%
AAP	D	0.02%
JWN	A	0.02%
HAYW	A	0.02%
IPGP	D	0.02%
ADT	B	0.02%
IONS	F	0.01%
TXG	F	0.01%
PLTK	A	0.01%
DJT	C	0.01%
SEB	F	0.01%
UI	A	0.01%
TFSL	A	0.01%
CAR	C	0.01%
FIVE	F	0.01%
HCP	B	0.01%
FWONA	B	0.01%
AS	B	0.01%
PYCR	C	0.01%
LLYVA	A	0.01%
DV	C	0.01%
WOLF	F	0.01%
CERT	F	0.01%
NCNO	B	0.01%
LOAR	B	0.0%
PARAA	B	0.0%
SEG	B	0.0%
UWMC	F	0.0%
GRAL	C	0.0%
LAZ	B	0.0%

IWS Underweight 100 Positions Relative to AVMC

Symbol	Grade	Weight
VST	A	-0.95%
VRT	A	-0.76%
TRGP	A	-0.75%
APP	A	-0.74%
IT	B	-0.58%
TPL	A	-0.58%
DECK	A	-0.45%
LPLA	A	-0.4%
VEEV	C	-0.38%
TSCO	D	-0.38%
BAH	D	-0.37%
LII	B	-0.36%
FLEX	B	-0.32%
EXPE	A	-0.32%
CPAY	A	-0.31%
XPO	B	-0.3%
MPWR	F	-0.3%
EQH	B	-0.29%
MANH	D	-0.29%
PINS	F	-0.28%
FIX	A	-0.26%
GDDY	A	-0.23%
CLX	A	-0.23%
POOL	D	-0.22%
KNSL	C	-0.2%
ERIE	F	-0.19%
ROL	A	-0.18%
NCLH	B	-0.18%
NBIX	D	-0.18%
MUSA	A	-0.18%
MLI	B	-0.18%
FLR	B	-0.17%
FN	C	-0.17%
TXRH	A	-0.17%
AIT	A	-0.17%
UFPI	C	-0.16%
BURL	C	-0.16%
BSY	D	-0.16%
MRNA	F	-0.15%
WFRD	F	-0.14%
TMHC	B	-0.14%
HLNE	A	-0.14%
CMC	B	-0.13%
SSB	A	-0.13%
LYV	A	-0.13%
LNW	D	-0.13%
HALO	D	-0.13%
MEDP	D	-0.13%
ENSG	D	-0.13%
TPX	A	-0.13%
CHX	C	-0.12%
RVMD	B	-0.12%
TREX	C	-0.12%
PCTY	B	-0.12%
MTH	D	-0.12%
ALV	C	-0.12%
MORN	B	-0.12%
DVA	C	-0.11%
SM	C	-0.11%
PCVX	D	-0.11%
CHDN	C	-0.1%
AXON	A	-0.1%
NSIT	F	-0.1%
MUR	F	-0.1%
SIGI	A	-0.09%
MGY	A	-0.09%
RYAN	A	-0.09%
BECN	B	-0.09%
ZWS	B	-0.09%
ESNT	D	-0.09%
DXCM	C	-0.09%
WTS	A	-0.08%
ENLC	A	-0.08%
IDXX	F	-0.07%
ENPH	F	-0.06%
ENTG	F	-0.06%
TNET	F	-0.05%
SPSC	D	-0.05%
LULU	C	-0.05%
HESM	C	-0.04%
ADTN	A	-0.04%
CHWY	B	-0.03%
SMCI	F	-0.03%
LANC	D	-0.03%
CELH	F	-0.03%
LUMN	C	-0.02%
HAE	A	-0.02%
LEVI	F	-0.02%
VAL	F	-0.01%
ATKR	C	-0.01%
EL	F	-0.01%
ACT	C	-0.01%
QLYS	C	-0.01%
RMBS	C	-0.0%
FRHC	A	-0.0%
RIG	D	-0.0%
PTEN	D	-0.0%
IGT	F	-0.0%
FRSH	B	-0.0%
FIZZ	B	-0.0%