IWS vs. EUSA ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to iShares MSCI USA Index Fund (EUSA)

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

$131.46

Average Daily Volume

286,589

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.51

Average Daily Volume

49,880

Number of Holdings ^*

592

* may have additional holdings in another (foreign) market

Performance

Period	IWS	EUSA
30 Days	3.11%	3.92%
60 Days	9.24%	10.45%
90 Days	10.48%	8.84%
12 Months	31.20%	31.73%

334 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in EUSA	Overlap
A	B	0.48%	0.17%	0.17%
ACGL	A	0.46%	0.18%	0.18%
ACI	F	0.09%	0.15%	0.09%
ACM	A	0.16%	0.17%	0.16%
ADM	F	0.32%	0.16%	0.16%
AEE	A	0.26%	0.17%	0.17%
AES	C	0.16%	0.19%	0.16%
AFG	A	0.11%	0.18%	0.11%
AFL	A	0.71%	0.19%	0.19%
AIZ	B	0.12%	0.18%	0.12%
AJG	C	0.65%	0.17%	0.17%
AKAM	D	0.17%	0.16%	0.16%
ALB	D	0.12%	0.18%	0.12%
ALGN	D	0.09%	0.17%	0.09%
ALL	A	0.47%	0.17%	0.17%
ALLE	A	0.14%	0.18%	0.14%
ALLY	F	0.09%	0.14%	0.09%
ALNY	C	0.04%	0.16%	0.04%
AMCR	C	0.18%	0.17%	0.17%
AME	C	0.44%	0.17%	0.17%
AMH	D	0.14%	0.16%	0.14%
AMP	A	0.05%	0.18%	0.05%
AMTM	D	0.04%	0.02%	0.02%
ANSS	D	0.31%	0.16%	0.16%
AOS	C	0.12%	0.18%	0.12%
APA	F	0.1%	0.15%	0.1%
APTV	D	0.22%	0.16%	0.16%
ARE	D	0.23%	0.17%	0.17%
ATO	A	0.23%	0.17%	0.17%
AVB	C	0.35%	0.17%	0.17%
AVTR	D	0.19%	0.16%	0.16%
AVY	D	0.12%	0.17%	0.12%
AWK	D	0.32%	0.17%	0.17%
AZPN	A	0.07%	0.18%	0.07%
BALL	C	0.23%	0.17%	0.17%
BAX	D	0.21%	0.16%	0.16%
BBWI	F	0.08%	0.15%	0.08%
BBY	C	0.25%	0.19%	0.19%
BEN	F	0.06%	0.14%	0.06%
BG	F	0.15%	0.17%	0.15%
BIIB	F	0.31%	0.15%	0.15%
BIO	B	0.07%	0.17%	0.07%
BK	A	0.59%	0.18%	0.18%
BKR	B	0.41%	0.18%	0.18%
BLDR	C	0.24%	0.19%	0.19%
BMRN	F	0.15%	0.12%	0.12%
BR	B	0.02%	0.17%	0.02%
BRO	A	0.16%	0.17%	0.16%
BXP	B	0.14%	0.18%	0.14%
CAG	D	0.17%	0.17%	0.17%
CAH	B	0.12%	0.16%	0.12%
CBOE	B	0.25%	0.17%	0.17%
CBRE	C	0.42%	0.18%	0.18%
CCI	D	0.58%	0.18%	0.18%
CCK	C	0.13%	0.18%	0.13%
CCL	C	0.2%	0.19%	0.19%
CDW	D	0.16%	0.16%	0.16%
CE	D	0.12%	0.17%	0.12%
CF	A	0.18%	0.18%	0.18%
CFG	C	0.2%	0.16%	0.16%
CG	B	0.11%	0.18%	0.11%
CHD	D	0.29%	0.17%	0.17%
CHK	C	0.21%	0.18%	0.18%
CHRD	F	0.09%	0.14%	0.09%
CHRW	C	0.14%	0.18%	0.14%
CHTR	D	0.35%	0.15%	0.15%
CINF	A	0.24%	0.17%	0.17%
CMI	A	0.5%	0.18%	0.18%
CMS	A	0.24%	0.17%	0.17%
CNC	F	0.44%	0.15%	0.15%
CNH	C	0.11%	0.19%	0.11%
CNP	B	0.21%	0.19%	0.19%
COIN	F	0.06%	0.14%	0.06%
COO	C	0.24%	0.18%	0.18%
CPB	D	0.1%	0.16%	0.1%
CPT	C	0.14%	0.17%	0.14%
CRL	F	0.11%	0.16%	0.11%
CSGP	F	0.34%	0.16%	0.16%
CSL	A	0.2%	0.18%	0.18%
CTLT	A	0.12%	0.17%	0.12%
CTRA	D	0.2%	0.16%	0.16%
CTSH	B	0.43%	0.16%	0.16%
CTVA	A	0.46%	0.18%	0.18%
DAL	C	0.36%	0.2%	0.2%
DAY	C	0.09%	0.18%	0.09%
DD	C	0.41%	0.18%	0.18%
DFS	A	0.38%	0.17%	0.17%
DG	F	0.21%	0.11%	0.11%
DGX	D	0.19%	0.17%	0.17%
DHI	C	0.64%	0.17%	0.17%
DINO	F	0.08%	0.15%	0.08%
DKS	D	0.12%	0.15%	0.12%
DLR	C	0.58%	0.17%	0.17%
DLTR	F	0.16%	0.12%	0.12%
DOC	C	0.18%	0.17%	0.17%
DOV	C	0.29%	0.17%	0.17%
DOW	B	0.43%	0.17%	0.17%
DPZ	D	0.11%	0.16%	0.11%
DRI	C	0.1%	0.17%	0.1%
DTE	B	0.3%	0.17%	0.17%
DVN	F	0.28%	0.15%	0.15%
EA	D	0.43%	0.16%	0.16%
EBAY	A	0.37%	0.19%	0.19%
ED	C	0.41%	0.17%	0.17%
EFX	D	0.32%	0.16%	0.16%
EG	A	0.16%	0.17%	0.16%
EIX	C	0.37%	0.17%	0.17%
ELS	D	0.15%	0.16%	0.15%
EME	B	0.14%	0.19%	0.14%
EMN	C	0.15%	0.19%	0.15%
EPAM	F	0.11%	0.16%	0.11%
EQR	C	0.31%	0.17%	0.17%
EQT	C	0.22%	0.18%	0.18%
ES	D	0.27%	0.17%	0.17%
ESS	D	0.21%	0.17%	0.17%
ETR	A	0.32%	0.18%	0.18%
EVRG	C	0.15%	0.17%	0.15%
EXAS	C	0.08%	0.19%	0.08%
EXC	C	0.46%	0.18%	0.18%
EXPD	D	0.17%	0.17%	0.17%
EXR	D	0.42%	0.17%	0.17%
FANG	D	0.38%	0.15%	0.15%
FAST	C	0.07%	0.17%	0.07%
FBIN	C	0.12%	0.19%	0.12%
FCNCA	D	0.24%	0.15%	0.15%
FDS	C	0.13%	0.18%	0.13%
FE	C	0.29%	0.17%	0.17%
FERG	F	0.42%	0.16%	0.16%
FFIV	B	0.14%	0.18%	0.14%
FICO	C	0.08%	0.18%	0.08%
FIS	A	0.53%	0.18%	0.18%
FITB	C	0.32%	0.17%	0.17%
FNF	C	0.18%	0.17%	0.17%
FOX	B	0.06%	0.06%	0.06%
FOXA	B	0.11%	0.11%	0.11%
FSLR	C	0.29%	0.18%	0.18%
FTV	C	0.31%	0.18%	0.18%
FWONK	D	0.11%	0.16%	0.11%
GEHC	C	0.41%	0.18%	0.18%
GEN	A	0.17%	0.18%	0.17%
GGG	C	0.16%	0.17%	0.16%
GIS	C	0.47%	0.17%	0.17%
GLPI	C	0.15%	0.17%	0.15%
GLW	C	0.38%	0.18%	0.18%
GPC	D	0.22%	0.16%	0.16%
GPN	F	0.29%	0.15%	0.15%
GRMN	D	0.3%	0.16%	0.16%
GWW	B	0.07%	0.17%	0.07%
H	B	0.06%	0.17%	0.06%
HAL	D	0.3%	0.16%	0.16%
HBAN	B	0.23%	0.17%	0.17%
HES	D	0.15%	0.16%	0.15%
HIG	A	0.39%	0.19%	0.19%
HII	F	0.12%	0.16%	0.12%
HLT	A	0.31%	0.18%	0.18%
HOLX	D	0.21%	0.16%	0.16%
HOOD	B	0.17%	0.18%	0.17%
HPE	B	0.29%	0.17%	0.17%
HPQ	B	0.29%	0.16%	0.16%
HRL	F	0.1%	0.16%	0.1%
HSIC	D	0.1%	0.17%	0.1%
HST	D	0.14%	0.17%	0.14%
HSY	D	0.27%	0.16%	0.16%
HUBB	A	0.26%	0.19%	0.19%
HUM	F	0.38%	0.13%	0.13%
HWM	A	0.43%	0.17%	0.17%
IEX	D	0.18%	0.17%	0.17%
IFF	D	0.3%	0.17%	0.17%
ILMN	B	0.23%	0.16%	0.16%
INCY	B	0.11%	0.17%	0.11%
INVH	D	0.24%	0.16%	0.16%
IP	C	0.19%	0.17%	0.17%
IPG	D	0.13%	0.16%	0.13%
IQV	F	0.42%	0.15%	0.15%
IR	A	0.44%	0.18%	0.18%
IRM	B	0.17%	0.18%	0.17%
J	F	0.18%	0.14%	0.14%
JBHT	D	0.16%	0.16%	0.16%
JBL	C	0.14%	0.18%	0.14%
JKHY	A	0.15%	0.19%	0.15%
JNPR	C	0.14%	0.16%	0.14%
K	B	0.24%	0.16%	0.16%
KEY	B	0.17%	0.16%	0.16%
KEYS	B	0.3%	0.18%	0.18%
KIM	C	0.17%	0.17%	0.17%
KMI	A	0.49%	0.18%	0.18%
KMX	F	0.13%	0.16%	0.13%
KNX	D	0.09%	0.16%	0.09%
KR	C	0.42%	0.18%	0.18%
KVUE	C	0.49%	0.17%	0.17%
L	C	0.16%	0.17%	0.16%
LDOS	A	0.25%	0.18%	0.18%
LEN	C	0.02%	0.18%	0.02%
LEN	C	0.5%	0.18%	0.18%
LH	D	0.21%	0.16%	0.16%
LHX	A	0.52%	0.17%	0.17%
LKQ	F	0.12%	0.16%	0.12%
LNG	A	0.23%	0.16%	0.16%
LNT	B	0.18%	0.17%	0.17%
LUV	B	0.2%	0.18%	0.18%
LW	D	0.07%	0.17%	0.07%
LYB	B	0.28%	0.16%	0.16%
MAA	D	0.21%	0.17%	0.17%
MAS	C	0.21%	0.18%	0.18%
MCHP	F	0.46%	0.16%	0.16%
MGM	D	0.1%	0.16%	0.1%
MKC	C	0.24%	0.17%	0.17%
MKL	B	0.17%	0.17%	0.17%
MKTX	B	0.11%	0.18%	0.11%
MLM	F	0.35%	0.16%	0.16%
MOH	F	0.08%	0.16%	0.08%
MOS	F	0.1%	0.16%	0.1%
MRO	B	0.17%	0.16%	0.16%
MSCI	B	0.21%	0.17%	0.17%
MSTR	B	0.27%	0.2%	0.2%
MTB	A	0.32%	0.17%	0.17%
MTCH	B	0.11%	0.17%	0.11%
MTD	C	0.35%	0.17%	0.17%
NDAQ	C	0.34%	0.17%	0.17%
NDSN	C	0.17%	0.18%	0.17%
NI	A	0.18%	0.18%	0.18%
NLY	C	0.11%	0.16%	0.11%
NRG	A	0.13%	0.19%	0.13%
NTAP	D	0.16%	0.15%	0.15%
NTRS	B	0.2%	0.17%	0.17%
NUE	D	0.41%	0.17%	0.17%
NVR	C	0.32%	0.18%	0.18%
NWSA	D	0.11%	0.16%	0.11%
O	C	0.62%	0.17%	0.17%
OC	C	0.17%	0.18%	0.17%
OKE	A	0.6%	0.17%	0.17%
OKTA	F	0.07%	0.12%	0.07%
OMC	C	0.22%	0.17%	0.17%
ON	F	0.34%	0.15%	0.15%
OTIS	A	0.47%	0.18%	0.18%
OVV	D	0.12%	0.16%	0.12%
PARA	F	0.07%	0.16%	0.07%
PAYC	D	0.03%	0.17%	0.03%
PAYX	B	0.33%	0.17%	0.17%
PCG	C	0.48%	0.17%	0.17%
PEG	A	0.51%	0.19%	0.19%
PFG	A	0.22%	0.18%	0.18%
PHM	C	0.33%	0.19%	0.19%
PKG	B	0.21%	0.18%	0.18%
PNR	C	0.18%	0.19%	0.18%
PPG	D	0.34%	0.17%	0.17%
PPL	C	0.28%	0.17%	0.17%
PRU	B	0.48%	0.19%	0.19%
PSTG	F	0.02%	0.13%	0.02%
PTC	B	0.09%	0.16%	0.09%
PWR	A	0.33%	0.18%	0.18%
QRVO	F	0.11%	0.15%	0.11%
RCL	B	0.3%	0.18%	0.18%
REG	C	0.15%	0.17%	0.15%
RF	B	0.23%	0.17%	0.17%
RIVN	F	0.1%	0.13%	0.1%
RJF	B	0.26%	0.17%	0.17%
RMD	C	0.28%	0.17%	0.17%
ROK	D	0.31%	0.16%	0.16%
ROKU	C	0.09%	0.2%	0.09%
ROST	D	0.42%	0.16%	0.16%
RPM	A	0.13%	0.17%	0.13%
RPRX	D	0.12%	0.17%	0.12%
RS	D	0.19%	0.17%	0.17%
RVTY	C	0.17%	0.17%	0.17%
SBAC	C	0.29%	0.18%	0.18%
SEIC	B	0.08%	0.17%	0.08%
SJM	D	0.14%	0.16%	0.14%
SNA	C	0.17%	0.17%	0.17%
SOLV	C	0.11%	0.18%	0.11%
SPG	A	0.46%	0.18%	0.18%
SQ	D	0.24%	0.17%	0.17%
SSNC	C	0.18%	0.16%	0.16%
STE	D	0.26%	0.17%	0.17%
STLD	C	0.22%	0.18%	0.18%
STT	A	0.29%	0.18%	0.18%
SUI	D	0.19%	0.16%	0.16%
SW	C	0.28%	0.18%	0.18%
SWK	C	0.19%	0.18%	0.18%
SWKS	F	0.17%	0.15%	0.15%
SYF	A	0.22%	0.17%	0.17%
SYY	D	0.17%	0.17%	0.17%
TAP	D	0.11%	0.17%	0.11%
TDY	A	0.23%	0.17%	0.17%
TECH	D	0.14%	0.18%	0.14%
TER	C	0.02%	0.16%	0.02%
TFX	C	0.13%	0.17%	0.13%
TRMB	B	0.17%	0.18%	0.17%
TROW	D	0.26%	0.16%	0.16%
TRU	C	0.21%	0.18%	0.18%
TSN	D	0.19%	0.16%	0.16%
TTC	F	0.1%	0.16%	0.1%
TTWO	D	0.29%	0.16%	0.16%
TW	A	0.1%	0.18%	0.1%
TWLO	B	0.1%	0.17%	0.1%
TXT	F	0.18%	0.16%	0.16%
TYL	D	0.04%	0.16%	0.04%
UDR	C	0.17%	0.17%	0.17%
UHAL	C	0.0%	0.18%	0.0%
UHAL	C	0.05%	0.18%	0.05%
UHS	D	0.15%	0.16%	0.15%
ULTA	D	0.03%	0.17%	0.03%
URI	C	0.46%	0.18%	0.18%
UTHR	C	0.18%	0.17%	0.17%
VICI	C	0.38%	0.17%	0.17%
VLTO	A	0.17%	0.16%	0.16%
VMC	D	0.27%	0.17%	0.17%
VRSN	C	0.17%	0.17%	0.17%
VTR	C	0.29%	0.18%	0.18%
VTRS	D	0.15%	0.16%	0.15%
WAB	A	0.36%	0.18%	0.18%
WAT	B	0.09%	0.17%	0.09%
WBA	F	0.07%	0.13%	0.07%
WBD	F	0.22%	0.17%	0.17%
WDC	C	0.25%	0.17%	0.17%
WEC	B	0.34%	0.17%	0.17%
WLK	C	0.06%	0.17%	0.06%
WMB	A	0.63%	0.17%	0.17%
WPC	C	0.15%	0.17%	0.15%
WRB	C	0.19%	0.16%	0.16%
WSM	C	0.09%	0.18%	0.09%
WSO	C	0.19%	0.17%	0.17%
WST	D	0.1%	0.16%	0.1%
WTRG	D	0.11%	0.16%	0.11%
WTW	C	0.34%	0.18%	0.18%
WY	C	0.28%	0.18%	0.18%
WYNN	B	0.11%	0.21%	0.11%
XEL	C	0.41%	0.18%	0.18%
XYL	C	0.36%	0.16%	0.16%
YUM	C	0.27%	0.17%	0.17%
Z	C	0.12%	0.19%	0.12%
ZBH	F	0.25%	0.16%	0.16%
ZBRA	B	0.16%	0.17%	0.16%
ZM	B	0.2%	0.19%	0.19%

IWS Overweight 372 Positions Relative to EUSA

Symbol	Grade	Weight
UAL	A	0.21%
TOL	C	0.18%
THC	D	0.17%
RNR	A	0.16%
USFD	C	0.16%
RGA	B	0.16%
IBKR	A	0.16%
ITT	C	0.14%
CLH	B	0.14%
CVNA	A	0.14%
CW	A	0.14%
SCI	D	0.13%
BJ	B	0.13%
NVT	C	0.13%
CASY	D	0.13%
COHR	B	0.13%
FTI	B	0.13%
CUBE	C	0.13%
BLD	D	0.13%
PFGC	A	0.12%
PNW	C	0.12%
ATR	A	0.12%
TPR	B	0.12%
REXR	D	0.12%
RRX	B	0.12%
UNM	A	0.12%
EWBC	B	0.12%
CACI	A	0.12%
EHC	C	0.11%
AA	B	0.11%
NTNX	C	0.11%
TTEK	A	0.11%
OHI	C	0.11%
DOX	B	0.11%
ARMK	C	0.11%
WWD	C	0.11%
LAMR	C	0.1%
ALSN	A	0.1%
RBC	C	0.1%
LAD	C	0.1%
FYBR	C	0.1%
JLL	C	0.1%
CZR	B	0.1%
SNX	C	0.1%
DCI	B	0.1%
NNN	C	0.1%
CIEN	A	0.1%
ORI	A	0.1%
GPK	D	0.1%
EGP	D	0.1%
INGR	B	0.1%
NYT	C	0.1%
AFRM	C	0.1%
WAL	C	0.1%
EVR	C	0.1%
AYI	A	0.1%
PRI	A	0.1%
GL	C	0.1%
SF	A	0.1%
FRT	D	0.1%
RGLD	C	0.1%
AGNC	B	0.09%
HLI	A	0.09%
CR	A	0.09%
MTZ	A	0.09%
WBS	D	0.09%
DTM	A	0.09%
BERY	C	0.09%
RL	B	0.09%
JEF	A	0.09%
X	F	0.09%
WEX	C	0.09%
AXTA	C	0.09%
CMA	C	0.09%
CHE	D	0.09%
COKE	C	0.09%
GMED	B	0.09%
COLD	D	0.09%
KBR	A	0.09%
VOYA	A	0.09%
BRBR	A	0.09%
BWA	C	0.09%
FCN	C	0.09%
SKX	B	0.09%
BWXT	A	0.09%
ATI	C	0.09%
FHN	D	0.09%
FND	C	0.09%
GWRE	A	0.09%
OGE	C	0.09%
FMC	C	0.09%
GME	D	0.09%
AR	C	0.09%
BRX	C	0.09%
MHK	C	0.09%
TKO	A	0.09%
AAL	D	0.08%
WTFC	B	0.08%
RHI	D	0.08%
HR	D	0.08%
JAZZ	F	0.08%
WMS	D	0.08%
FLS	A	0.08%
CBSH	D	0.08%
BFAM	C	0.08%
GNTX	D	0.08%
CROX	C	0.08%
VNO	B	0.08%
G	A	0.08%
CART	B	0.08%
VFC	A	0.08%
ARW	C	0.08%
RGEN	F	0.08%
STAG	D	0.08%
PNFP	B	0.08%
HRB	C	0.08%
KEX	C	0.08%
ELAN	D	0.08%
PR	D	0.08%
SAIC	A	0.08%
WCC	D	0.08%
RRC	D	0.08%
FR	D	0.08%
MIDD	D	0.08%
ONTO	B	0.08%
SSD	B	0.08%
APG	F	0.08%
ADC	C	0.08%
LECO	D	0.08%
DAR	F	0.07%
OLLI	C	0.07%
ESAB	C	0.07%
GXO	D	0.07%
ESI	C	0.07%
MTSI	B	0.07%
LEA	F	0.07%
AGCO	D	0.07%
BPOP	D	0.07%
SNV	D	0.07%
RLI	A	0.07%
R	C	0.07%
AXS	A	0.07%
STWD	C	0.07%
PB	D	0.07%
IVZ	A	0.07%
MSA	F	0.07%
LFUS	C	0.07%
CFR	B	0.07%
NOV	F	0.07%
OSK	F	0.07%
CRUS	D	0.07%
MAT	B	0.07%
CGNX	F	0.07%
MTG	A	0.07%
MKSI	F	0.07%
LSTR	F	0.07%
SOFI	C	0.07%
ZION	D	0.07%
FAF	C	0.07%
LBRDK	C	0.07%
CCCS	D	0.06%
HXL	F	0.06%
W	C	0.06%
KD	D	0.06%
LNC	B	0.06%
OMF	D	0.06%
UGI	C	0.06%
VNT	F	0.06%
IDA	D	0.06%
ST	F	0.06%
COLB	C	0.06%
S	C	0.06%
XRAY	D	0.06%
THG	A	0.06%
SON	D	0.06%
TKR	B	0.06%
PVH	D	0.06%
NFG	A	0.06%
WH	C	0.06%
MDU	C	0.06%
MTDR	D	0.06%
AMG	B	0.06%
SIRI	C	0.06%
SRCL	B	0.06%
RITM	D	0.06%
OLN	D	0.06%
BC	C	0.06%
THO	C	0.06%
WHR	C	0.06%
ACHC	F	0.06%
ALK	C	0.06%
VMI	B	0.06%
SN	A	0.06%
POST	C	0.06%
RH	C	0.05%
CLF	D	0.05%
AGO	B	0.05%
LITE	A	0.05%
DBX	C	0.05%
SITE	D	0.05%
PII	D	0.05%
GAP	F	0.05%
M	D	0.05%
ASH	F	0.05%
EEFT	F	0.05%
FLO	D	0.05%
SLGN	B	0.05%
FRPT	A	0.05%
BYD	B	0.05%
WTM	C	0.05%
CUZ	C	0.05%
DLB	D	0.05%
OZK	D	0.05%
KRC	C	0.05%
AN	D	0.05%
HOG	D	0.05%
AL	D	0.05%
RYN	C	0.05%
OLED	B	0.05%
LINE	F	0.05%
GNRC	B	0.05%
SAIA	D	0.05%
CPRI	C	0.05%
PSN	A	0.05%
SLM	B	0.05%
AVT	B	0.05%
FNB	D	0.05%
WSC	D	0.05%
ROIV	D	0.05%
JHG	A	0.05%
OGN	F	0.05%
DOCS	A	0.05%
NWL	D	0.04%
ZI	F	0.04%
NWS	D	0.04%
AM	A	0.04%
NXST	D	0.04%
PLNT	B	0.04%
AMKR	F	0.04%
NSA	D	0.04%
IRDM	C	0.04%
NVST	D	0.04%
VNOM	A	0.04%
SPR	D	0.04%
MAN	D	0.04%
PRGO	F	0.04%
MPW	C	0.04%
HIW	C	0.04%
COTY	F	0.04%
LBTYK	C	0.04%
DNB	D	0.04%
MSGS	A	0.04%
LBTYA	C	0.04%
U	D	0.04%
GTES	C	0.04%
DXC	C	0.04%
SMG	C	0.04%
EPR	C	0.04%
TPG	A	0.04%
KMPR	D	0.04%
NEU	F	0.04%
CIVI	F	0.04%
GFS	F	0.04%
IAC	C	0.04%
AWI	A	0.04%
HUN	B	0.04%
MSM	D	0.04%
BILL	D	0.04%
AAP	F	0.03%
ENOV	F	0.03%
MP	C	0.03%
EXP	C	0.03%
KSS	D	0.03%
CRI	D	0.03%
BOKF	B	0.03%
QDEL	D	0.03%
CNXC	F	0.03%
LLYVK	B	0.03%
HHH	C	0.03%
SHC	C	0.03%
YETI	C	0.03%
VIRT	B	0.03%
AZTA	F	0.03%
SPB	C	0.03%
VAC	D	0.03%
CWEN	C	0.03%
AGR	C	0.03%
BRKR	D	0.03%
CLVT	D	0.03%
RKT	D	0.03%
BHF	D	0.03%
ALGM	F	0.03%
MASI	B	0.03%
CC	D	0.03%
CXT	F	0.03%
COLM	B	0.03%
PENN	D	0.03%
LOPE	D	0.03%
SEE	C	0.03%
FHB	D	0.03%
LCID	F	0.03%
CNM	F	0.03%
WU	D	0.03%
PK	D	0.03%
ZG	C	0.03%
PAG	D	0.03%
TNL	B	0.03%
AMED	D	0.03%
CERT	F	0.02%
LYFT	D	0.02%
TRIP	D	0.02%
WEN	B	0.02%
INFA	D	0.02%
FTRE	F	0.02%
UA	B	0.02%
UAA	B	0.02%
GO	F	0.02%
REYN	D	0.02%
LEG	D	0.02%
PPC	C	0.02%
QS	F	0.02%
BIRK	F	0.02%
VSTS	D	0.02%
IPGP	D	0.02%
AZEK	D	0.02%
PINC	F	0.02%
SAM	D	0.02%
GLOB	D	0.02%
ADT	D	0.02%
ETSY	F	0.02%
LPX	C	0.02%
BROS	F	0.02%
HAYW	C	0.02%
JWN	D	0.02%
RCM	B	0.02%
IONS	F	0.01%
CHH	A	0.01%
PLTK	C	0.01%
UI	B	0.01%
CACC	F	0.01%
TFSL	D	0.01%
PATH	D	0.01%
TXG	F	0.01%
SEB	F	0.01%
PYCR	D	0.01%
LSCC	D	0.01%
CAR	D	0.01%
AS	B	0.01%
CWEN	C	0.01%
LBRDA	C	0.01%
NCNO	F	0.01%
LLYVA	B	0.01%
FIVE	D	0.01%
MTN	D	0.01%
HCP	A	0.01%
DV	F	0.01%
FWONA	C	0.01%
ALAB	C	0.01%
CNA	D	0.01%
WOLF	F	0.01%
DDS	D	0.01%
EXEL	B	0.01%
HAS	A	0.01%
SNDR	D	0.01%
SEG	F	0.0%
LOAR	B	0.0%
PARAA	D	0.0%
NFE	F	0.0%
UWMC	D	0.0%
GRAL	F	0.0%
LAZ	C	0.0%
DJT	F	0.0%

IWS Underweight 260 Positions Relative to EUSA

Symbol	Grade	Weight
APP	A	-0.25%
VST	A	-0.25%
CEG	A	-0.23%
GEV	A	-0.22%
LVS	B	-0.21%
VRT	B	-0.21%
PODD	C	-0.21%
TOST	B	-0.2%
MET	A	-0.2%
APO	A	-0.2%
LOW	C	-0.19%
T	B	-0.19%
BX	C	-0.19%
LYV	A	-0.19%
FLUT	B	-0.19%
IOT	C	-0.19%
CAT	A	-0.19%
CARR	A	-0.19%
ERIE	A	-0.19%
MA	A	-0.19%
FCX	B	-0.19%
TSLA	C	-0.19%
FI	A	-0.19%
ORCL	A	-0.19%
AXON	A	-0.18%
NEE	C	-0.18%
WMT	A	-0.18%
BAH	C	-0.18%
MMM	C	-0.18%
BLK	A	-0.18%
BSX	A	-0.18%
INTC	D	-0.18%
CB	A	-0.18%
DOCU	A	-0.18%
CLX	C	-0.18%
ANET	A	-0.18%
POOL	D	-0.18%
PH	A	-0.18%
MNST	D	-0.18%
LMT	A	-0.18%
BMY	A	-0.18%
HUBS	D	-0.18%
HCA	C	-0.18%
PYPL	A	-0.18%
CMG	C	-0.18%
WELL	C	-0.18%
PSA	C	-0.18%
MAR	A	-0.18%
JCI	C	-0.18%
META	A	-0.18%
KKR	A	-0.18%
BKNG	B	-0.18%
ARES	A	-0.18%
SNAP	D	-0.18%
EXPE	B	-0.18%
DKNG	C	-0.18%
IBM	A	-0.18%
ETN	B	-0.18%
HD	A	-0.18%
DVA	C	-0.18%
GE	B	-0.18%
TDG	A	-0.18%
VZ	C	-0.18%
V	B	-0.18%
DE	C	-0.18%
TPL	A	-0.18%
GILD	A	-0.18%
DASH	A	-0.18%
TT	A	-0.18%
TSCO	A	-0.18%
CPAY	A	-0.18%
PLTR	A	-0.18%
MRVL	C	-0.17%
TJX	D	-0.17%
ROL	C	-0.17%
MDB	D	-0.17%
LULU	D	-0.17%
UBER	C	-0.17%
MMC	D	-0.17%
ICE	A	-0.17%
ABT	C	-0.17%
LIN	C	-0.17%
NFLX	A	-0.17%
CI	D	-0.17%
CVX	B	-0.17%
SPGI	C	-0.17%
MDLZ	D	-0.17%
AMZN	C	-0.17%
C	B	-0.17%
DELL	C	-0.17%
BAC	B	-0.17%
IT	A	-0.17%
AMD	C	-0.17%
HON	C	-0.17%
ADP	A	-0.17%
WDAY	D	-0.17%
DUK	C	-0.17%
BDX	C	-0.17%
ORLY	A	-0.17%
PM	D	-0.17%
CSX	D	-0.17%
USB	C	-0.17%
AIG	C	-0.17%
NOW	B	-0.17%
NSC	C	-0.17%
KO	C	-0.17%
TEAM	D	-0.17%
GD	C	-0.17%
UPS	D	-0.17%
CRM	B	-0.17%
PCAR	D	-0.17%
MELI	D	-0.17%
CRWD	D	-0.17%
TMUS	A	-0.17%
AON	A	-0.17%
D	A	-0.17%
CTAS	C	-0.17%
SYK	C	-0.17%
XOM	A	-0.17%
SRE	C	-0.17%
PINS	D	-0.17%
DIS	D	-0.17%
DT	B	-0.17%
CVS	D	-0.17%
ACN	B	-0.17%
CMCSA	B	-0.17%
CSCO	A	-0.17%
PNC	C	-0.17%
ECL	C	-0.17%
SBUX	B	-0.17%
ITW	C	-0.17%
KDP	C	-0.17%
MCD	A	-0.17%
MDT	C	-0.17%
AMT	D	-0.17%
LPLA	D	-0.17%
COF	A	-0.17%
STX	C	-0.17%
NEM	C	-0.17%
MS	A	-0.17%
LII	C	-0.17%
AEP	C	-0.17%
MSI	A	-0.17%
ZTS	C	-0.17%
MANH	A	-0.17%
EQIX	C	-0.17%
TGT	C	-0.17%
STZ	D	-0.17%
SO	A	-0.17%
RTX	A	-0.17%
ADSK	B	-0.17%
NOC	B	-0.17%
BRK.A	B	-0.17%
APD	C	-0.17%
NKE	D	-0.17%
EMR	B	-0.17%
VEEV	C	-0.17%
SHW	C	-0.17%
ABNB	D	-0.17%
TTD	A	-0.17%
AXP	A	-0.17%
PGR	B	-0.17%
CME	A	-0.17%
CRH	C	-0.17%
TRGP	A	-0.17%
TRV	B	-0.17%
EL	D	-0.17%
RBLX	D	-0.17%
NET	D	-0.16%
APH	D	-0.16%
AMAT	C	-0.16%
QCOM	D	-0.16%
JPM	C	-0.16%
MSFT	D	-0.16%
WCN	D	-0.16%
PEP	F	-0.16%
VRTX	D	-0.16%
MPC	D	-0.16%
COP	D	-0.16%
TEL	D	-0.16%
JNJ	D	-0.16%
AMGN	D	-0.16%
ODFL	F	-0.16%
ENTG	D	-0.16%
TXN	C	-0.16%
GM	D	-0.16%
VLO	F	-0.16%
AAPL	C	-0.16%
RSG	D	-0.16%
SLB	D	-0.16%
MCO	D	-0.16%
DDOG	B	-0.16%
BURL	C	-0.16%
SCHW	D	-0.16%
MPWR	B	-0.16%
ROP	D	-0.16%
ADI	B	-0.16%
DECK	B	-0.16%
AZO	D	-0.16%
PG	D	-0.16%
WFC	B	-0.16%
PFE	D	-0.16%
KMB	D	-0.16%
UNP	F	-0.16%
MRK	F	-0.16%
WM	B	-0.16%
TFC	D	-0.16%
EOG	B	-0.16%
VRSK	D	-0.16%
IDXX	D	-0.16%
KHC	F	-0.16%
TMO	D	-0.16%
PLD	D	-0.16%
CPRT	B	-0.16%
BSY	D	-0.16%
ISRG	C	-0.16%
CL	D	-0.16%
COST	C	-0.16%
UNH	B	-0.16%
GS	B	-0.16%
MO	D	-0.16%
PSX	D	-0.16%
FTNT	A	-0.16%
DHR	D	-0.16%
ABBV	C	-0.16%
AVGO	B	-0.16%
F	D	-0.16%
ADBE	F	-0.15%
SNPS	F	-0.15%
PANW	B	-0.15%
BA	F	-0.15%
INTU	F	-0.15%
DXCM	F	-0.15%
MCK	F	-0.15%
NXPI	F	-0.15%
NVDA	B	-0.15%
LRCX	D	-0.15%
FDX	F	-0.15%
LLY	D	-0.15%
KLAC	B	-0.15%
CDNS	D	-0.15%
GDDY	B	-0.15%
MU	D	-0.15%
EW	F	-0.15%
COR	F	-0.15%
ELV	F	-0.15%
OXY	D	-0.15%
EQH	B	-0.15%
ENPH	F	-0.15%
SNOW	F	-0.14%
ZS	F	-0.14%
REGN	D	-0.14%
NBIX	F	-0.13%
CELH	F	-0.13%
MRNA	F	-0.12%
HEI	C	-0.11%
SMCI	F	-0.11%
GOOGL	B	-0.08%
GOOG	B	-0.08%
HEI	C	-0.07%