IWS vs. CFA ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

$138.63

Average Daily Volume

282,879

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.25

Average Daily Volume

9,545

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	IWS	CFA
30 Days	5.17%	4.63%
60 Days	5.63%	5.67%
90 Days	7.53%	8.16%
12 Months	31.74%	29.52%

259 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in CFA	Overlap
A	D	0.41%	0.16%	0.16%
ACGL	D	0.4%	0.2%	0.2%
ACM	A	0.16%	0.23%	0.16%
ADM	D	0.28%	0.11%	0.11%
AEE	A	0.27%	0.26%	0.26%
AES	F	0.11%	0.1%	0.1%
AFG	A	0.11%	0.26%	0.11%
AFL	B	0.68%	0.23%	0.23%
AJG	B	0.65%	0.25%	0.25%
AKAM	D	0.14%	0.15%	0.14%
ALGN	D	0.08%	0.12%	0.08%
ALL	A	0.48%	0.24%	0.24%
ALLE	D	0.13%	0.21%	0.13%
ALLY	C	0.1%	0.12%	0.1%
AME	A	0.49%	0.25%	0.25%
AMP	A	0.06%	0.32%	0.06%
AOS	F	0.1%	0.17%	0.1%
APTV	D	0.16%	0.09%	0.09%
ATO	A	0.24%	0.35%	0.24%
AVTR	F	0.15%	0.11%	0.11%
AVY	D	0.11%	0.25%	0.11%
AWK	D	0.29%	0.22%	0.22%
BBY	D	0.22%	0.12%	0.12%
BG	F	0.14%	0.17%	0.14%
BIIB	F	0.26%	0.13%	0.13%
BK	A	0.64%	0.31%	0.31%
BKR	B	0.47%	0.23%	0.23%
BLD	D	0.11%	0.1%	0.1%
BLDR	D	0.21%	0.1%	0.1%
BMRN	D	0.13%	0.12%	0.12%
BR	A	0.03%	0.26%	0.03%
BRO	B	0.16%	0.26%	0.16%
CAG	D	0.14%	0.19%	0.14%
CAH	B	0.13%	0.23%	0.13%
CASY	A	0.13%	0.18%	0.13%
CBOE	B	0.23%	0.23%	0.23%
CBRE	B	0.44%	0.19%	0.19%
CDW	F	0.13%	0.15%	0.13%
CE	F	0.07%	0.1%	0.07%
CF	B	0.18%	0.18%	0.18%
CFG	B	0.23%	0.17%	0.17%
CHD	B	0.29%	0.32%	0.29%
CHRW	C	0.14%	0.15%	0.14%
CHTR	C	0.4%	0.13%	0.13%
CINF	A	0.26%	0.25%	0.25%
CLH	B	0.14%	0.19%	0.14%
CMI	A	0.54%	0.23%	0.23%
CMS	C	0.22%	0.27%	0.22%
CNC	D	0.33%	0.14%	0.14%
CNP	B	0.21%	0.25%	0.21%
COIN	C	0.11%	0.11%	0.11%
COKE	C	0.08%	0.12%	0.08%
CPB	D	0.09%	0.2%	0.09%
CSGP	D	0.32%	0.16%	0.16%
CSL	C	0.19%	0.19%	0.19%
CTRA	B	0.21%	0.23%	0.21%
CTSH	B	0.42%	0.23%	0.23%
CTVA	C	0.43%	0.15%	0.15%
CVNA	B	0.19%	0.09%	0.09%
CW	B	0.15%	0.26%	0.15%
DAL	C	0.45%	0.22%	0.22%
DD	D	0.38%	0.17%	0.17%
DG	F	0.18%	0.09%	0.09%
DGX	A	0.2%	0.24%	0.2%
DHI	D	0.53%	0.12%	0.12%
DKS	C	0.11%	0.1%	0.1%
DOV	A	0.3%	0.25%	0.25%
DOW	F	0.34%	0.2%	0.2%
DPZ	C	0.11%	0.17%	0.11%
DRI	B	0.1%	0.23%	0.1%
DTE	C	0.27%	0.24%	0.24%
DVN	F	0.27%	0.17%	0.17%
EA	A	0.47%	0.29%	0.29%
EBAY	D	0.34%	0.2%	0.2%
ED	D	0.37%	0.26%	0.26%
EFX	F	0.27%	0.13%	0.13%
EG	C	0.15%	0.19%	0.15%
EIX	B	0.35%	0.24%	0.24%
EME	C	0.15%	0.2%	0.15%
EMN	D	0.13%	0.22%	0.13%
EPAM	C	0.13%	0.12%	0.12%
EQT	B	0.26%	0.2%	0.2%
ETR	B	0.35%	0.32%	0.32%
EVRG	A	0.16%	0.29%	0.16%
EWBC	A	0.16%	0.21%	0.16%
EXC	C	0.43%	0.22%	0.22%
EXPD	D	0.16%	0.22%	0.16%
FANG	D	0.37%	0.17%	0.17%
FAST	B	0.08%	0.26%	0.08%
FCNCA	A	0.29%	0.17%	0.17%
FDS	B	0.13%	0.25%	0.13%
FE	C	0.26%	0.27%	0.26%
FFIV	B	0.15%	0.21%	0.15%
FICO	B	0.09%	0.2%	0.09%
FIS	C	0.54%	0.22%	0.22%
FITB	A	0.35%	0.19%	0.19%
FND	C	0.08%	0.11%	0.08%
FNF	B	0.18%	0.2%	0.18%
FOXA	B	0.12%	0.25%	0.12%
FSLR	F	0.22%	0.08%	0.08%
FTV	C	0.29%	0.21%	0.21%
GEHC	F	0.37%	0.15%	0.15%
GEN	B	0.18%	0.17%	0.17%
GGG	B	0.16%	0.27%	0.16%
GIS	D	0.39%	0.21%	0.21%
GLW	B	0.39%	0.19%	0.19%
GPC	D	0.19%	0.17%	0.17%
GPN	B	0.33%	0.17%	0.17%
GRMN	B	0.36%	0.21%	0.21%
GWW	B	0.07%	0.27%	0.07%
H	B	0.06%	0.18%	0.06%
HAL	C	0.29%	0.18%	0.18%
HBAN	A	0.28%	0.21%	0.21%
HIG	B	0.38%	0.25%	0.25%
HII	D	0.08%	0.15%	0.08%
HLT	A	0.33%	0.29%	0.29%
HOLX	D	0.2%	0.29%	0.2%
HOOD	B	0.24%	0.14%	0.14%
HPE	B	0.3%	0.15%	0.15%
HPQ	B	0.3%	0.15%	0.15%
HRL	D	0.09%	0.15%	0.09%
HSY	F	0.24%	0.19%	0.19%
HUBB	B	0.26%	0.18%	0.18%
HUM	C	0.37%	0.1%	0.1%
HWM	A	0.47%	0.16%	0.16%
IBKR	A	0.21%	0.28%	0.21%
IEX	B	0.19%	0.27%	0.19%
INCY	C	0.13%	0.22%	0.13%
IP	B	0.22%	0.19%	0.19%
IPG	D	0.11%	0.19%	0.11%
IQV	D	0.34%	0.12%	0.12%
IR	B	0.45%	0.2%	0.2%
ITT	A	0.14%	0.2%	0.14%
J	F	0.19%	0.23%	0.19%
JBHT	C	0.16%	0.18%	0.16%
JBL	B	0.14%	0.13%	0.13%
JEF	A	0.1%	0.24%	0.1%
JKHY	D	0.14%	0.25%	0.14%
JLL	D	0.09%	0.15%	0.09%
KEY	B	0.2%	0.16%	0.16%
KEYS	A	0.29%	0.14%	0.14%
KMI	A	0.58%	0.37%	0.37%
KMX	B	0.13%	0.12%	0.12%
KR	B	0.42%	0.24%	0.24%
KVUE	A	0.5%	0.18%	0.18%
L	A	0.17%	0.33%	0.17%
LDOS	C	0.24%	0.26%	0.24%
LEN	D	0.02%	0.14%	0.02%
LEN	D	0.44%	0.14%	0.14%
LH	C	0.22%	0.22%	0.22%
LHX	C	0.51%	0.28%	0.28%
LNG	B	0.26%	0.3%	0.26%
LNT	A	0.17%	0.27%	0.17%
LUV	C	0.21%	0.13%	0.13%
LYB	F	0.24%	0.22%	0.22%
MAS	D	0.19%	0.17%	0.17%
MCHP	D	0.37%	0.1%	0.1%
MGM	D	0.1%	0.14%	0.1%
MKC	D	0.21%	0.18%	0.18%
MKL	A	0.18%	0.25%	0.18%
MLM	B	0.37%	0.22%	0.22%
MOH	F	0.07%	0.13%	0.07%
MSCI	C	0.21%	0.16%	0.16%
MTB	A	0.39%	0.22%	0.22%
MTD	D	0.27%	0.11%	0.11%
NDAQ	A	0.36%	0.26%	0.26%
NDSN	B	0.16%	0.21%	0.16%
NI	A	0.18%	0.32%	0.18%
NRG	B	0.12%	0.15%	0.12%
NTAP	C	0.15%	0.14%	0.14%
NTRS	A	0.24%	0.24%	0.24%
NUE	C	0.39%	0.17%	0.17%
NVR	D	0.28%	0.19%	0.19%
NWSA	B	0.12%	0.22%	0.12%
OC	A	0.18%	0.18%	0.18%
OKE	A	0.7%	0.32%	0.32%
OMC	C	0.21%	0.22%	0.21%
ON	D	0.31%	0.08%	0.08%
OTIS	C	0.44%	0.28%	0.28%
OVV	B	0.13%	0.18%	0.13%
PAG	B	0.03%	0.17%	0.03%
PAYX	C	0.32%	0.27%	0.27%
PCG	A	0.49%	0.27%	0.27%
PEG	A	0.49%	0.3%	0.3%
PFG	D	0.22%	0.26%	0.22%
PFGC	B	0.12%	0.21%	0.12%
PHM	D	0.29%	0.15%	0.15%
PKG	A	0.23%	0.29%	0.23%
PPG	F	0.32%	0.26%	0.26%
PPL	B	0.27%	0.31%	0.27%
PR	B	0.08%	0.17%	0.08%
PRU	A	0.5%	0.22%	0.22%
PSTG	D	0.02%	0.09%	0.02%
PTC	A	0.1%	0.24%	0.1%
PWR	A	0.36%	0.17%	0.17%
RCL	A	0.39%	0.19%	0.19%
RF	A	0.27%	0.2%	0.2%
RGA	A	0.17%	0.22%	0.17%
RJF	A	0.33%	0.3%	0.3%
RKT	F	0.02%	0.06%	0.02%
RMD	C	0.27%	0.11%	0.11%
RNR	C	0.15%	0.22%	0.15%
ROK	B	0.33%	0.14%	0.14%
ROST	C	0.39%	0.22%	0.22%
RPM	A	0.15%	0.26%	0.15%
RS	B	0.2%	0.19%	0.19%
RVTY	F	0.15%	0.14%	0.14%
SCI	B	0.13%	0.25%	0.13%
SJM	D	0.12%	0.2%	0.12%
SNA	A	0.2%	0.26%	0.2%
SOLV	C	0.1%	0.13%	0.1%
SQ	B	0.3%	0.13%	0.13%
SSNC	B	0.17%	0.25%	0.17%
STE	F	0.24%	0.2%	0.2%
STLD	B	0.23%	0.2%	0.2%
STT	A	0.32%	0.24%	0.24%
SWKS	F	0.15%	0.1%	0.1%
SYF	B	0.28%	0.2%	0.2%
SYY	B	0.16%	0.23%	0.16%
TAP	C	0.12%	0.23%	0.12%
TDY	B	0.24%	0.22%	0.22%
TECH	D	0.12%	0.11%	0.11%
TER	D	0.02%	0.08%	0.02%
TFX	F	0.1%	0.14%	0.1%
THC	D	0.16%	0.13%	0.13%
TOL	B	0.17%	0.13%	0.13%
TRMB	B	0.19%	0.23%	0.19%
TROW	B	0.29%	0.22%	0.22%
TTEK	F	0.1%	0.17%	0.1%
TW	A	0.1%	0.24%	0.1%
TXT	D	0.17%	0.19%	0.17%
TYL	B	0.04%	0.2%	0.04%
UAL	A	0.33%	0.22%	0.22%
UHAL	D	0.0%	0.14%	0.0%
UHAL	D	0.04%	0.14%	0.04%
UHS	D	0.13%	0.15%	0.13%
ULTA	F	0.03%	0.14%	0.03%
URI	B	0.46%	0.14%	0.14%
USFD	A	0.16%	0.22%	0.16%
UTHR	C	0.17%	0.16%	0.16%
VLTO	D	0.15%	0.2%	0.15%
VMC	B	0.3%	0.23%	0.23%
VRSN	F	0.16%	0.25%	0.16%
WAB	B	0.38%	0.26%	0.26%
WAT	B	0.09%	0.16%	0.09%
WEC	A	0.34%	0.26%	0.26%
WLK	D	0.05%	0.15%	0.05%
WMB	A	0.76%	0.33%	0.33%
WMS	D	0.06%	0.11%	0.06%
WRB	A	0.2%	0.22%	0.2%
WSM	B	0.07%	0.1%	0.07%
WSO	A	0.2%	0.19%	0.19%
WST	C	0.1%	0.13%	0.1%
XEL	A	0.43%	0.23%	0.23%
XYL	D	0.32%	0.21%	0.21%
YUM	B	0.26%	0.29%	0.26%
ZBH	C	0.25%	0.24%	0.24%
ZBRA	B	0.17%	0.15%	0.15%
ZM	B	0.24%	0.17%	0.17%

IWS Overweight 448 Positions Relative to CFA

Symbol	Grade	Weight
DLR	B	0.64%
MSTR	C	0.55%
O	D	0.54%
CCI	D	0.5%
SPG	B	0.48%
DFS	B	0.48%
FERG	B	0.42%
EXR	D	0.38%
AVB	B	0.36%
VICI	C	0.36%
WTW	B	0.35%
TTWO	A	0.34%
ANSS	B	0.32%
EQR	B	0.31%
SW	A	0.29%
VTR	C	0.28%
CCL	B	0.27%
SBAC	D	0.26%
WBD	C	0.25%
WY	D	0.25%
EXE	B	0.24%
ILMN	D	0.24%
ES	D	0.24%
IFF	D	0.24%
WDC	D	0.23%
INVH	D	0.23%
K	A	0.23%
BALL	D	0.21%
ESS	B	0.21%
COO	D	0.21%
TSN	B	0.2%
ARE	D	0.2%
MAA	B	0.2%
TRU	D	0.19%
PNR	A	0.19%
MRO	B	0.18%
BAX	D	0.18%
KIM	A	0.18%
VTRS	A	0.17%
SUI	D	0.17%
IRM	D	0.16%
HES	B	0.16%
UDR	B	0.16%
DOC	D	0.16%
AMCR	D	0.16%
TWLO	A	0.15%
REG	B	0.15%
UNM	A	0.15%
BXP	D	0.14%
CPT	B	0.14%
COHR	B	0.14%
AMH	D	0.14%
GLPI	C	0.14%
DLTR	F	0.14%
AFRM	B	0.14%
ELS	C	0.14%
SWK	D	0.14%
TPR	B	0.14%
AIZ	A	0.13%
SF	B	0.13%
BJ	A	0.13%
Z	A	0.13%
SOFI	A	0.13%
JNPR	F	0.13%
HST	C	0.13%
FTI	A	0.13%
NVT	B	0.13%
NTNX	A	0.13%
WPC	D	0.13%
ALB	C	0.13%
CCK	C	0.12%
CTLT	B	0.12%
EVR	B	0.12%
CUBE	D	0.12%
FWONK	B	0.12%
ATR	B	0.12%
AA	B	0.12%
CG	A	0.12%
FHN	A	0.12%
RRX	B	0.12%
CRL	C	0.11%
DOX	D	0.11%
CIEN	B	0.11%
WTRG	B	0.11%
GL	B	0.11%
MKTX	D	0.11%
WAL	B	0.11%
EHC	B	0.11%
ARMK	B	0.11%
DTM	B	0.11%
OHI	C	0.11%
NLY	C	0.11%
GME	C	0.11%
LKQ	D	0.11%
AYI	B	0.11%
RPRX	D	0.11%
DAY	B	0.11%
LAD	A	0.11%
ALSN	B	0.11%
WWD	B	0.11%
WBS	A	0.11%
PRI	A	0.11%
CACI	D	0.11%
PNW	B	0.11%
ZION	B	0.1%
GWRE	A	0.1%
BRX	A	0.1%
SNX	C	0.1%
KNX	B	0.1%
HLI	B	0.1%
AAL	B	0.1%
AR	B	0.1%
HSIC	B	0.1%
RBC	A	0.1%
WCC	B	0.1%
AXTA	A	0.1%
REXR	F	0.1%
GMED	A	0.1%
FBIN	D	0.1%
RGLD	C	0.1%
BWXT	B	0.1%
DCI	B	0.1%
CMA	A	0.1%
INGR	B	0.1%
FRT	B	0.1%
ORI	A	0.1%
BRBR	A	0.1%
CNH	C	0.1%
PNFP	B	0.1%
FLS	B	0.09%
BWA	D	0.09%
G	B	0.09%
ACI	C	0.09%
MTCH	D	0.09%
CHRD	D	0.09%
RRC	B	0.09%
SEIC	B	0.09%
CZR	F	0.09%
SNV	B	0.09%
X	C	0.09%
APG	B	0.09%
APA	D	0.09%
TKO	B	0.09%
LECO	B	0.09%
CFR	B	0.09%
VOYA	B	0.09%
LAMR	D	0.09%
EGP	F	0.09%
RIVN	F	0.09%
RL	B	0.09%
GPK	C	0.09%
NYT	C	0.09%
TTC	D	0.09%
MOS	F	0.09%
CR	A	0.09%
MTZ	B	0.09%
WYNN	D	0.09%
FYBR	D	0.09%
CBSH	A	0.09%
OGE	B	0.09%
WTFC	A	0.09%
RLI	B	0.08%
DAR	C	0.08%
ELAN	D	0.08%
FCN	D	0.08%
MTSI	B	0.08%
GXO	B	0.08%
R	B	0.08%
SSD	D	0.08%
FR	C	0.08%
ATI	D	0.08%
ESAB	B	0.08%
GNTX	C	0.08%
AGNC	D	0.08%
OSK	B	0.08%
VFC	C	0.08%
BBWI	D	0.08%
VNO	B	0.08%
KBR	F	0.08%
MIDD	C	0.08%
CART	C	0.08%
SKX	D	0.08%
MHK	D	0.08%
LBRDK	C	0.08%
LW	C	0.08%
KEX	C	0.08%
RHI	B	0.08%
ROKU	D	0.08%
PB	A	0.08%
CHE	D	0.08%
ADC	B	0.08%
JAZZ	B	0.08%
BERY	B	0.08%
NNN	D	0.08%
LNC	B	0.07%
WHR	B	0.07%
VNT	B	0.07%
IDA	A	0.07%
RGEN	D	0.07%
S	B	0.07%
WBA	F	0.07%
STWD	C	0.07%
ARW	D	0.07%
BPOP	B	0.07%
BIO	D	0.07%
BEN	C	0.07%
QRVO	F	0.07%
COLD	D	0.07%
OMF	A	0.07%
MTDR	B	0.07%
SAIC	F	0.07%
MAT	D	0.07%
NOV	C	0.07%
SIRI	C	0.07%
MSA	D	0.07%
ESI	A	0.07%
KD	B	0.07%
PARA	C	0.07%
MTG	C	0.07%
IVZ	B	0.07%
CGNX	C	0.07%
LSTR	D	0.07%
BILL	A	0.07%
OKTA	C	0.07%
COLB	A	0.07%
FAF	A	0.07%
STAG	F	0.07%
MKSI	C	0.07%
HR	C	0.07%
WEX	D	0.07%
AZPN	A	0.07%
DINO	D	0.07%
HRB	D	0.07%
AXS	A	0.07%
VMI	B	0.07%
ALK	C	0.07%
WH	B	0.07%
FMC	D	0.07%
BYD	C	0.06%
UGI	A	0.06%
AL	B	0.06%
BFAM	D	0.06%
OZK	B	0.06%
POST	C	0.06%
SLM	A	0.06%
CCCS	B	0.06%
SN	D	0.06%
LEA	D	0.06%
EXAS	D	0.06%
CRUS	D	0.06%
BC	C	0.06%
GNRC	B	0.06%
LITE	B	0.06%
RITM	C	0.06%
THO	B	0.06%
NFG	A	0.06%
OLLI	D	0.06%
DOCS	C	0.06%
FOX	A	0.06%
PVH	C	0.06%
SAIA	B	0.06%
ONTO	D	0.06%
JHG	A	0.06%
THG	A	0.06%
AMG	B	0.06%
LFUS	F	0.06%
AGCO	D	0.06%
FNB	A	0.06%
GTES	A	0.05%
TPG	A	0.05%
DLB	B	0.05%
PAYC	B	0.05%
AN	C	0.05%
M	D	0.05%
GAP	C	0.05%
KMPR	B	0.05%
EEFT	B	0.05%
SLGN	A	0.05%
RYN	D	0.05%
AWI	A	0.05%
PSN	D	0.05%
WSC	D	0.05%
DBX	B	0.05%
KRC	C	0.05%
CUZ	B	0.05%
AGO	B	0.05%
ST	F	0.05%
AVT	C	0.05%
ROIV	C	0.05%
CROX	D	0.05%
FRPT	B	0.05%
HXL	D	0.05%
OLN	D	0.05%
WTM	A	0.05%
TKR	D	0.05%
SON	D	0.05%
SMG	D	0.04%
HUN	F	0.04%
AM	A	0.04%
ZG	A	0.04%
ALNY	D	0.04%
EPR	D	0.04%
HIW	D	0.04%
MASI	A	0.04%
ACHC	F	0.04%
FHB	A	0.04%
IAC	D	0.04%
PII	D	0.04%
NVST	B	0.04%
CLF	F	0.04%
W	F	0.04%
NWS	B	0.04%
TNL	A	0.04%
NWL	B	0.04%
VNOM	A	0.04%
PRGO	B	0.04%
CIVI	D	0.04%
XRAY	F	0.04%
DNB	B	0.04%
MDU	D	0.04%
NEU	C	0.04%
MSGS	A	0.04%
DXC	B	0.04%
PLNT	A	0.04%
RH	B	0.04%
OLED	D	0.04%
MSM	C	0.04%
OGN	D	0.04%
ASH	D	0.04%
LINE	F	0.04%
SITE	D	0.04%
HOG	D	0.04%
FLO	D	0.04%
GFS	C	0.04%
HAYW	B	0.03%
JWN	C	0.03%
CWEN	C	0.03%
YETI	C	0.03%
PINC	B	0.03%
ALGM	D	0.03%
CPRI	F	0.03%
SPB	C	0.03%
EXP	A	0.03%
MP	B	0.03%
ENOV	C	0.03%
HHH	B	0.03%
MPW	F	0.03%
AGR	B	0.03%
CC	C	0.03%
BOKF	B	0.03%
WU	D	0.03%
COTY	F	0.03%
CXT	B	0.03%
COLM	B	0.03%
CNM	D	0.03%
SEE	C	0.03%
VIRT	B	0.03%
ECG	C	0.03%
U	C	0.03%
AMED	F	0.03%
AMKR	D	0.03%
MAN	D	0.03%
NSA	D	0.03%
PK	B	0.03%
IRDM	D	0.03%
SNRE	D	0.03%
LLYVK	A	0.03%
BROS	B	0.03%
NXST	C	0.03%
SPR	D	0.03%
AMTM	D	0.03%
BHF	B	0.03%
LOPE	B	0.03%
VAC	B	0.03%
PENN	C	0.03%
ZI	D	0.03%
TRIP	F	0.02%
SNDR	B	0.02%
REYN	D	0.02%
LEG	F	0.02%
FTRE	D	0.02%
WEN	D	0.02%
EXEL	B	0.02%
UA	C	0.02%
QS	F	0.02%
CLVT	F	0.02%
GO	C	0.02%
BIRK	D	0.02%
ALAB	B	0.02%
VSTS	C	0.02%
CNXC	F	0.02%
CRI	D	0.02%
UAA	C	0.02%
AZEK	A	0.02%
PPC	C	0.02%
LCID	F	0.02%
ETSY	D	0.02%
LBTYK	A	0.02%
INFA	D	0.02%
KSS	F	0.02%
IPGP	D	0.02%
QDEL	F	0.02%
LYFT	C	0.02%
LBTYA	B	0.02%
BRKR	D	0.02%
GLOB	B	0.02%
SHC	F	0.02%
AZTA	D	0.02%
LPX	B	0.02%
ADT	C	0.02%
AAP	C	0.02%
RCM	F	0.02%
SAM	C	0.02%
TXG	F	0.01%
PLTK	B	0.01%
CHH	A	0.01%
DJT	C	0.01%
CACC	D	0.01%
SEB	F	0.01%
PATH	C	0.01%
TFSL	A	0.01%
UI	A	0.01%
WOLF	F	0.01%
CWEN	C	0.01%
LSCC	D	0.01%
FIVE	F	0.01%
HCP	B	0.01%
MTN	C	0.01%
CAR	C	0.01%
CNA	B	0.01%
LBRDA	C	0.01%
HAS	D	0.01%
FWONA	B	0.01%
PYCR	C	0.01%
AS	B	0.01%
CERT	F	0.01%
DV	C	0.01%
LLYVA	A	0.01%
NCNO	B	0.01%
DDS	B	0.01%
LOAR	A	0.0%
PARAA	B	0.0%
UWMC	D	0.0%
SEG	B	0.0%
NFE	D	0.0%
GRAL	C	0.0%
LAZ	B	0.0%
IONS	F	0.0%

IWS Underweight 238 Positions Relative to CFA

Symbol	Grade	Weight
TMUS	B	-0.42%
ADP	B	-0.35%
V	A	-0.35%
BRK.A	B	-0.35%
RSG	A	-0.34%
FI	A	-0.34%
ITW	B	-0.33%
KO	D	-0.33%
HON	B	-0.33%
MA	C	-0.32%
TRGP	B	-0.32%
PM	B	-0.31%
PG	A	-0.31%
MSI	B	-0.31%
LIN	D	-0.3%
DUK	C	-0.3%
SRE	A	-0.3%
LMT	D	-0.3%
ICE	C	-0.3%
BSX	B	-0.3%
MMC	B	-0.3%
GD	F	-0.29%
SPGI	C	-0.29%
CSCO	B	-0.29%
BLK	C	-0.29%
WMT	A	-0.29%
CL	D	-0.29%
JNJ	D	-0.28%
SO	D	-0.28%
T	A	-0.28%
CB	C	-0.28%
COR	B	-0.28%
CSX	B	-0.28%
CME	A	-0.28%
CPRT	A	-0.27%
ABT	B	-0.27%
MO	A	-0.27%
TJX	A	-0.27%
WM	A	-0.27%
CVX	A	-0.27%
MAR	B	-0.27%
ORLY	B	-0.26%
ROP	B	-0.26%
XOM	B	-0.26%
RTX	C	-0.26%
MS	A	-0.26%
MCD	D	-0.26%
MET	A	-0.26%
CTAS	B	-0.26%
JPM	A	-0.26%
SYK	C	-0.26%
UNP	C	-0.25%
APP	B	-0.25%
HD	A	-0.25%
TRV	B	-0.25%
PEP	F	-0.25%
MDT	D	-0.25%
BAC	A	-0.24%
HEI	B	-0.24%
COST	B	-0.24%
KDP	D	-0.24%
VRSK	A	-0.24%
CMCSA	B	-0.24%
WFC	A	-0.24%
BDX	F	-0.24%
MCK	B	-0.24%
COP	C	-0.24%
STZ	D	-0.24%
MDLZ	F	-0.24%
MSFT	F	-0.24%
GDDY	A	-0.24%
GS	A	-0.24%
LYV	A	-0.23%
EMR	A	-0.23%
MCO	B	-0.23%
AXP	A	-0.23%
TXRH	C	-0.23%
SHW	A	-0.23%
ECL	D	-0.23%
VZ	C	-0.23%
TT	A	-0.23%
EQH	B	-0.23%
PGR	A	-0.23%
CLX	B	-0.23%
AON	A	-0.23%
COF	B	-0.23%
KMB	D	-0.23%
EOG	A	-0.23%
AIG	B	-0.23%
AEP	D	-0.23%
MORN	B	-0.23%
NOC	D	-0.23%
MNST	C	-0.23%
AXON	A	-0.22%
DIS	B	-0.22%
SCHW	B	-0.22%
CI	F	-0.22%
LOW	D	-0.22%
PCAR	B	-0.22%
BKNG	A	-0.22%
APO	B	-0.22%
ROL	B	-0.22%
AZO	C	-0.22%
D	C	-0.21%
GILD	C	-0.21%
CPAY	A	-0.21%
LPLA	A	-0.21%
IT	C	-0.21%
C	A	-0.21%
IBM	C	-0.21%
JCI	C	-0.21%
DE	A	-0.21%
LVS	C	-0.21%
PNC	B	-0.21%
AMZN	C	-0.2%
APH	A	-0.2%
AAPL	C	-0.2%
TDG	D	-0.2%
TSCO	D	-0.2%
ADSK	A	-0.2%
OWL	A	-0.2%
BX	A	-0.2%
CAT	B	-0.2%
ARES	A	-0.2%
ORCL	B	-0.2%
KHC	F	-0.2%
PH	A	-0.2%
ABBV	D	-0.2%
OXY	D	-0.2%
ACN	C	-0.2%
TPL	A	-0.19%
GOOGL	C	-0.19%
TMO	F	-0.19%
GM	B	-0.19%
ISRG	A	-0.19%
APD	A	-0.19%
WMG	C	-0.19%
UNH	C	-0.19%
USB	A	-0.19%
NFLX	A	-0.19%
ETN	A	-0.19%
REGN	F	-0.18%
LII	A	-0.18%
DVA	B	-0.18%
UPS	C	-0.18%
MRK	F	-0.18%
PSX	C	-0.18%
DHR	F	-0.18%
SLB	C	-0.18%
KKR	A	-0.18%
NSC	B	-0.18%
RYAN	B	-0.18%
INTU	C	-0.18%
ODFL	B	-0.17%
GE	D	-0.17%
CRM	B	-0.17%
NEE	D	-0.17%
CRBG	B	-0.17%
DOCU	A	-0.17%
ZTS	D	-0.17%
CMG	B	-0.17%
HCA	F	-0.17%
TXN	C	-0.17%
ELV	F	-0.17%
IDXX	F	-0.16%
PYPL	B	-0.16%
ABNB	C	-0.16%
VEEV	C	-0.16%
VLO	C	-0.16%
VST	B	-0.16%
CDNS	B	-0.16%
CARR	D	-0.16%
GEV	B	-0.15%
STX	D	-0.15%
MPC	D	-0.15%
PODD	C	-0.15%
EXPE	B	-0.15%
PLTR	B	-0.15%
TGT	F	-0.15%
FDX	B	-0.15%
MANH	D	-0.15%
POOL	C	-0.15%
ERIE	D	-0.15%
AMGN	D	-0.15%
DT	C	-0.15%
NOW	A	-0.15%
BAH	F	-0.15%
FTNT	C	-0.14%
SNPS	B	-0.14%
FIX	A	-0.14%
CPNG	D	-0.14%
DDOG	A	-0.14%
BSY	D	-0.14%
XPO	B	-0.14%
WDAY	B	-0.14%
CVS	D	-0.14%
VRT	B	-0.13%
META	D	-0.13%
BURL	A	-0.13%
ADI	D	-0.13%
TSLA	B	-0.13%
FCX	D	-0.13%
DECK	A	-0.13%
UBER	D	-0.12%
NKE	D	-0.12%
TTD	B	-0.12%
LLY	F	-0.12%
CEG	D	-0.12%
SBUX	A	-0.12%
CRWD	B	-0.12%
F	C	-0.12%
ANET	C	-0.12%
MMM	D	-0.12%
NBIX	C	-0.12%
PANW	C	-0.11%
WING	D	-0.11%
QCOM	F	-0.11%
NXPI	D	-0.11%
ADBE	C	-0.11%
LRCX	F	-0.1%
AMAT	F	-0.1%
ENTG	D	-0.1%
NVDA	C	-0.1%
KNSL	B	-0.1%
PINS	D	-0.1%
INTC	D	-0.1%
EW	C	-0.1%
AVGO	D	-0.1%
EL	F	-0.09%
KLAC	D	-0.09%
DELL	C	-0.09%
AMD	F	-0.09%
CHWY	B	-0.08%
DXCM	D	-0.08%
SRPT	D	-0.07%
MPWR	F	-0.06%
ENPH	F	-0.04%
SMCI	F	-0.02%