IWS vs. IMCG ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to iShares Morningstar Mid-Cap Growth ETF (IMCG)

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

$138.56

Average Daily Volume

277,482

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

IMCG

iShares Morningstar Mid-Cap Growth ETF

IMCG Description

The investment seeks to track the investment results of the Morningstar® US Mid Cap Broad Growth IndexSM composed of mid-capitalization U.S. equities that exhibit growth 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. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average "growth" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

Grade (RS Rating)

Last Trade

$79.81

Average Daily Volume

132,538

Number of Holdings ^*

299

* may have additional holdings in another (foreign) market

Performance

Period	IWS	IMCG
30 Days	5.17%	8.56%
60 Days	5.63%	9.96%
90 Days	7.53%	12.47%
12 Months	31.74%	34.97%

213 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in IMCG	Overlap
	A	D	0.41%	0.65%	0.41%
	ACGL	D	0.4%	0.21%	0.21%
	ACM	A	0.16%	0.16%	0.16%
	AFG	A	0.11%	0.07%	0.07%
	AKAM	D	0.14%	0.1%	0.1%
	ALAB	B	0.02%	0.04%	0.02%
	ALB	C	0.13%	0.11%	0.11%
	ALGN	D	0.08%	0.19%	0.08%
	ALL	A	0.48%	0.38%	0.38%
	ALLE	D	0.13%	0.13%	0.13%
	ALNY	D	0.04%	0.52%	0.04%
	AME	A	0.49%	0.78%	0.49%
	AMH	D	0.14%	0.21%	0.14%
	AMP	A	0.06%	0.65%	0.06%
	ANSS	B	0.32%	0.5%	0.32%
	AOS	F	0.1%	0.11%	0.1%
	APTV	D	0.16%	0.11%	0.11%
	ARE	D	0.2%	0.08%	0.08%
	AVB	B	0.36%	0.28%	0.28%
	AVTR	F	0.15%	0.14%	0.14%
	AVY	D	0.11%	0.14%	0.11%
	AWK	D	0.29%	0.23%	0.23%
	AZPN	A	0.07%	0.12%	0.07%
	BALL	D	0.21%	0.19%	0.19%
	BJ	A	0.13%	0.08%	0.08%
	BKR	B	0.47%	0.38%	0.38%
	BLD	D	0.11%	0.11%	0.11%
	BLDR	D	0.21%	0.18%	0.18%
	BMRN	D	0.13%	0.21%	0.13%
	BR	A	0.03%	0.47%	0.03%
	BRKR	D	0.02%	0.08%	0.02%
	BRO	B	0.16%	0.47%	0.16%
	CASY	A	0.13%	0.18%	0.13%
	CBRE	B	0.44%	0.43%	0.43%
	CCK	C	0.12%	0.07%	0.07%
	CDW	F	0.13%	0.42%	0.13%
	CE	F	0.07%	0.08%	0.07%
	CHD	B	0.29%	0.47%	0.29%
	CINF	A	0.26%	0.16%	0.16%
	CLH	B	0.14%	0.22%	0.14%
	CMI	A	0.54%	0.58%	0.54%
	CMS	C	0.22%	0.12%	0.12%
	CNM	D	0.03%	0.13%	0.03%
	COIN	C	0.11%	1.05%	0.11%
	COO	D	0.21%	0.25%	0.21%
	COTY	F	0.03%	0.04%	0.03%
	CPT	B	0.14%	0.1%	0.1%
	CRL	C	0.11%	0.11%	0.11%
	CSGP	D	0.32%	0.51%	0.32%
	CSL	C	0.19%	0.36%	0.19%
	CTRA	B	0.21%	0.13%	0.13%
	CTVA	C	0.43%	0.3%	0.3%
	DAL	C	0.45%	0.32%	0.32%
	DAY	B	0.11%	0.2%	0.11%
	DD	D	0.38%	0.28%	0.28%
	DFS	B	0.48%	0.44%	0.44%
	DKS	C	0.11%	0.09%	0.09%
	DLR	B	0.64%	0.74%	0.64%
	DLTR	F	0.14%	0.1%	0.1%
	DOV	A	0.3%	0.34%	0.3%
	DOW	F	0.34%	0.23%	0.23%
	DPZ	C	0.11%	0.26%	0.11%
	DRI	B	0.1%	0.17%	0.1%
	EA	A	0.47%	0.49%	0.47%
	EBAY	D	0.34%	0.2%	0.2%
	EFX	F	0.27%	0.53%	0.27%
	ELS	C	0.14%	0.14%	0.14%
	EME	C	0.15%	0.41%	0.15%
	EPAM	C	0.13%	0.12%	0.12%
	EQR	B	0.31%	0.18%	0.18%
	EQT	B	0.26%	0.27%	0.26%
	ESS	B	0.21%	0.16%	0.16%
	EXAS	D	0.06%	0.16%	0.06%
	EXR	D	0.38%	0.21%	0.21%
	FAST	B	0.08%	0.82%	0.08%
	FCNCA	A	0.29%	0.48%	0.29%
	FDS	B	0.13%	0.32%	0.13%
	FFIV	B	0.15%	0.1%	0.1%
	FICO	B	0.09%	0.97%	0.09%
	FND	C	0.08%	0.19%	0.08%
	FSLR	F	0.22%	0.34%	0.22%
	FTV	C	0.29%	0.32%	0.29%
	FWONA	B	0.01%	0.03%	0.01%
	FWONK	B	0.12%	0.3%	0.12%
	GEHC	F	0.37%	0.25%	0.25%
	GEN	B	0.18%	0.16%	0.16%
	GGG	B	0.16%	0.26%	0.16%
	GPC	D	0.19%	0.13%	0.13%
	GPN	B	0.33%	0.21%	0.21%
	GRMN	B	0.36%	0.36%	0.36%
	GWW	B	0.07%	0.92%	0.07%
	HAL	C	0.29%	0.25%	0.25%
	HES	B	0.16%	0.71%	0.16%
	HII	D	0.08%	0.08%	0.08%
	HLT	A	0.33%	1.06%	0.33%
	HOOD	B	0.24%	0.29%	0.24%
	HRL	D	0.09%	0.05%	0.05%
	HSY	F	0.24%	0.24%	0.24%
	HUBB	B	0.26%	0.41%	0.26%
	HWM	A	0.47%	0.8%	0.47%
	IBKR	A	0.21%	0.33%	0.21%
	IEX	B	0.19%	0.3%	0.19%
	ILMN	D	0.24%	0.37%	0.24%
	INCY	C	0.13%	0.12%	0.12%
	INVH	D	0.23%	0.34%	0.23%
	IQV	D	0.34%	0.39%	0.34%
	IR	B	0.45%	0.72%	0.45%
	IRM	D	0.16%	0.3%	0.16%
	J	F	0.19%	0.2%	0.19%
	JBHT	C	0.16%	0.16%	0.16%
	JBL	B	0.14%	0.14%	0.14%
	JKHY	D	0.14%	0.22%	0.14%
	KEYS	A	0.29%	0.21%	0.21%
	KIM	A	0.18%	0.21%	0.18%
	KMX	B	0.13%	0.12%	0.12%
	LDOS	C	0.24%	0.15%	0.15%
	LECO	B	0.09%	0.21%	0.09%
	LNG	B	0.26%	0.26%	0.26%
	LUV	C	0.21%	0.15%	0.15%
	LW	C	0.08%	0.19%	0.08%
	MAA	B	0.2%	0.12%	0.12%
	MAS	D	0.19%	0.13%	0.13%
	MCHP	D	0.37%	0.25%	0.25%
	MGM	D	0.1%	0.07%	0.07%
	MKC	D	0.21%	0.17%	0.17%
	MKL	A	0.18%	0.24%	0.18%
	MLM	B	0.37%	0.63%	0.37%
	MOH	F	0.07%	0.17%	0.07%
	MSCI	C	0.21%	0.82%	0.21%
	MSTR	C	0.55%	0.63%	0.55%
	MTD	D	0.27%	0.44%	0.27%
	NDAQ	A	0.36%	0.21%	0.21%
	NDSN	B	0.16%	0.23%	0.16%
	NRG	B	0.12%	0.12%	0.12%
	NTAP	C	0.15%	0.22%	0.15%
	NTNX	A	0.13%	0.3%	0.13%
	NVT	B	0.13%	0.21%	0.13%
	O	D	0.54%	0.29%	0.29%
	OKTA	C	0.07%	0.21%	0.07%
	ON	D	0.31%	0.18%	0.18%
	OTIS	C	0.44%	0.42%	0.42%
	PAYC	B	0.05%	0.19%	0.05%
	PAYX	C	0.32%	0.81%	0.32%
	PCG	A	0.49%	0.33%	0.33%
	PFGC	B	0.12%	0.23%	0.12%
	PHM	D	0.29%	0.2%	0.2%
	PNR	A	0.19%	0.22%	0.19%
	PPG	F	0.32%	0.2%	0.2%
	PSTG	D	0.02%	0.26%	0.02%
	PTC	A	0.1%	0.4%	0.1%
	PWR	A	0.36%	0.82%	0.36%
	QRVO	F	0.07%	0.06%	0.06%
	RCL	A	0.39%	0.66%	0.39%
	REG	B	0.15%	0.08%	0.08%
	RJF	A	0.33%	0.32%	0.32%
	RMD	C	0.27%	0.6%	0.27%
	ROK	B	0.33%	0.57%	0.33%
	ROST	C	0.39%	0.8%	0.39%
	RPM	A	0.15%	0.2%	0.15%
	RRX	B	0.12%	0.11%	0.11%
	RVTY	F	0.15%	0.1%	0.1%
	SAIA	B	0.06%	0.24%	0.06%
	SBAC	D	0.26%	0.42%	0.26%
	SCI	B	0.13%	0.12%	0.12%
	SNA	A	0.2%	0.11%	0.11%
	SQ	B	0.3%	0.81%	0.3%
	STE	F	0.24%	0.38%	0.24%
	SUI	D	0.17%	0.27%	0.17%
	SWK	D	0.14%	0.11%	0.11%
	SYY	B	0.16%	0.65%	0.16%
	TDY	B	0.24%	0.21%	0.21%
	TECH	D	0.12%	0.19%	0.12%
	TER	D	0.02%	0.14%	0.02%
	TFX	F	0.1%	0.06%	0.06%
	TOL	B	0.17%	0.1%	0.1%
	TRMB	B	0.19%	0.2%	0.19%
	TRU	D	0.19%	0.32%	0.19%
	TSN	B	0.2%	0.16%	0.16%
	TTEK	F	0.1%	0.19%	0.1%
	TTWO	A	0.34%	0.51%	0.34%
	TW	A	0.1%	0.26%	0.1%
	TWLO	A	0.15%	0.28%	0.15%
	TXT	D	0.17%	0.14%	0.14%
	TYL	B	0.04%	0.44%	0.04%
	U	C	0.03%	0.09%	0.03%
	UDR	B	0.16%	0.14%	0.14%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.04%	0.05%	0.04%
	UHAL	D	0.0%	0.05%	0.0%
	UHAL	D	0.04%	0.0%	0.0%
	UHS	D	0.13%	0.1%	0.1%
	ULTA	F	0.03%	0.15%	0.03%
	URI	B	0.46%	0.46%	0.46%
	USFD	A	0.16%	0.13%	0.13%
	VLTO	D	0.15%	0.25%	0.15%
	VMC	B	0.3%	0.65%	0.3%
	VRSN	F	0.16%	0.27%	0.16%
	VTR	C	0.28%	0.16%	0.16%
	WAB	B	0.38%	0.6%	0.38%
	WAT	B	0.09%	0.24%	0.09%
	WLK	D	0.05%	0.03%	0.03%
	WMS	D	0.06%	0.16%	0.06%
	WRB	A	0.2%	0.19%	0.19%
	WSM	B	0.07%	0.18%	0.07%
	WSO	A	0.2%	0.32%	0.2%
	WST	C	0.1%	0.4%	0.1%
	WTRG	B	0.11%	0.05%	0.05%
	WTW	B	0.35%	0.28%	0.28%
	WYNN	D	0.09%	0.15%	0.09%
	XYL	D	0.32%	0.51%	0.32%
	YUM	B	0.26%	0.65%	0.26%
	ZBH	C	0.25%	0.2%	0.2%
	ZBRA	B	0.17%	0.26%	0.17%

IWS Overweight 496 Positions Relative to IMCG

	Symbol	Grade	Weight
	WMB	A	0.76%
	OKE	A	0.7%
	AFL	B	0.68%
	AJG	B	0.65%
	BK	A	0.64%
	KMI	A	0.58%
	FIS	C	0.54%
	DHI	D	0.53%
	LHX	C	0.51%
	CCI	D	0.5%
	KVUE	A	0.5%
	PRU	A	0.5%
	PEG	A	0.49%
	SPG	B	0.48%
	LEN	D	0.44%
	XEL	A	0.43%
	EXC	C	0.43%
	FERG	B	0.42%
	CTSH	B	0.42%
	KR	B	0.42%
	CHTR	C	0.4%
	NUE	C	0.39%
	GIS	D	0.39%
	GLW	B	0.39%
	MTB	A	0.39%
	HIG	B	0.38%
	HUM	C	0.37%
	FANG	D	0.37%
	ED	D	0.37%
	VICI	C	0.36%
	ETR	B	0.35%
	EIX	B	0.35%
	FITB	A	0.35%
	WEC	A	0.34%
	UAL	A	0.33%
	CNC	D	0.33%
	STT	A	0.32%
	HPQ	B	0.3%
	HPE	B	0.3%
	TROW	B	0.29%
	SW	A	0.29%
	ADM	D	0.28%
	HBAN	A	0.28%
	SYF	B	0.28%
	NVR	D	0.28%
	CCL	B	0.27%
	DVN	F	0.27%
	RF	A	0.27%
	AEE	A	0.27%
	DTE	C	0.27%
	PPL	B	0.27%
	BIIB	F	0.26%
	FE	C	0.26%
	WBD	C	0.25%
	WY	D	0.25%
	ZM	B	0.24%
	NTRS	A	0.24%
	EXE	B	0.24%
	LYB	F	0.24%
	ATO	A	0.24%
	ES	D	0.24%
	IFF	D	0.24%
	WDC	D	0.23%
	STLD	B	0.23%
	PKG	A	0.23%
	CBOE	B	0.23%
	K	A	0.23%
	CFG	B	0.23%
	LH	C	0.22%
	PFG	D	0.22%
	BBY	D	0.22%
	IP	B	0.22%
	OMC	C	0.21%
	CNP	B	0.21%
	RS	B	0.2%
	KEY	B	0.2%
	DGX	A	0.2%
	HOLX	D	0.2%
	CVNA	B	0.19%
	CF	B	0.18%
	FNF	B	0.18%
	MRO	B	0.18%
	BAX	D	0.18%
	NI	A	0.18%
	DG	F	0.18%
	OC	A	0.18%
	L	A	0.17%
	VTRS	A	0.17%
	RGA	A	0.17%
	LNT	A	0.17%
	SSNC	B	0.17%
	UTHR	C	0.17%
	EXPD	D	0.16%
	EVRG	A	0.16%
	EWBC	A	0.16%
	DOC	D	0.16%
	THC	D	0.16%
	AMCR	D	0.16%
	RNR	C	0.15%
	EG	C	0.15%
	SWKS	F	0.15%
	UNM	A	0.15%
	CW	B	0.15%
	BXP	D	0.14%
	ITT	A	0.14%
	COHR	B	0.14%
	CAG	D	0.14%
	BG	F	0.14%
	CHRW	C	0.14%
	GLPI	C	0.14%
	AFRM	B	0.14%
	TPR	B	0.14%
	AIZ	A	0.13%
	SF	B	0.13%
	OVV	B	0.13%
	Z	A	0.13%
	CAH	B	0.13%
	EMN	D	0.13%
	SOFI	A	0.13%
	JNPR	F	0.13%
	HST	C	0.13%
	FTI	A	0.13%
	WPC	D	0.13%
	FOXA	B	0.12%
	CTLT	B	0.12%
	EVR	B	0.12%
	CUBE	D	0.12%
	NWSA	B	0.12%
	TAP	C	0.12%
	ATR	B	0.12%
	AA	B	0.12%
	SJM	D	0.12%
	CG	A	0.12%
	FHN	A	0.12%
	DOX	D	0.11%
	CIEN	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%
	AES	F	0.11%
	NLY	C	0.11%
	GME	C	0.11%
	LKQ	D	0.11%
	AYI	B	0.11%
	RPRX	D	0.11%
	LAD	A	0.11%
	IPG	D	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%
	ALLY	C	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%
	JEF	A	0.1%
	FRT	B	0.1%
	ORI	A	0.1%
	SOLV	C	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%
	CFR	B	0.09%
	CPB	D	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%
	JLL	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%
	COKE	C	0.08%
	MHK	D	0.08%
	LBRDK	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%
	PR	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%
	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%
	COLB	A	0.07%
	FAF	A	0.07%
	STAG	F	0.07%
	MKSI	C	0.07%
	HR	C	0.07%
	WEX	D	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%
	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%
	H	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%
	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%
	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%
	CXT	B	0.03%
	COLM	B	0.03%
	SEE	C	0.03%
	VIRT	B	0.03%
	ECG	C	0.03%
	AMED	F	0.03%
	AMKR	D	0.03%
	MAN	D	0.03%
	NSA	D	0.03%
	PAG	B	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%
	LEN	D	0.02%
	VSTS	C	0.02%
	CNXC	F	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	RKT	F	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%
	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%
	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 88 Positions Relative to IMCG

	Symbol	Grade	Weight
	PLTR	B	-2.29%
	ADSK	A	-1.12%
	FTNT	C	-1.07%
	APP	B	-1.05%
	WDAY	B	-0.96%
	TTD	B	-0.92%
	AZO	C	-0.92%
	DASH	A	-0.91%
	CPRT	A	-0.86%
	GEV	B	-0.82%
	VRT	B	-0.76%
	AXON	A	-0.75%
	ODFL	B	-0.72%
	EW	C	-0.71%
	IT	C	-0.7%
	VRSK	A	-0.7%
	TEAM	A	-0.66%
	DDOG	A	-0.65%
	CARR	D	-0.64%
	LULU	C	-0.62%
	IDXX	F	-0.61%
	HUBS	A	-0.6%
	JCI	C	-0.58%
	VEEV	C	-0.55%
	ARES	A	-0.54%
	DXCM	D	-0.53%
	VST	B	-0.5%
	NEM	D	-0.47%
	MPWR	F	-0.47%
	NET	B	-0.47%
	DECK	A	-0.47%
	TPL	A	-0.46%
	RBLX	C	-0.46%
	TRV	B	-0.45%
	PSA	D	-0.44%
	GDDY	A	-0.43%
	TEL	B	-0.42%
	LPLA	A	-0.41%
	COR	B	-0.39%
	D	C	-0.37%
	TSCO	D	-0.37%
	STZ	D	-0.36%
	MDB	C	-0.35%
	LII	A	-0.34%
	LVS	C	-0.34%
	CPAY	A	-0.33%
	LYV	A	-0.33%
	CPNG	D	-0.33%
	TRGP	B	-0.32%
	PODD	C	-0.32%
	ZS	C	-0.32%
	NTRA	B	-0.31%
	BURL	A	-0.3%
	MANH	D	-0.29%
	FIX	A	-0.28%
	KMB	D	-0.28%
	DOCU	A	-0.28%
	HEI	B	-0.28%
	BAH	F	-0.26%
	ROL	B	-0.26%
	EL	F	-0.26%
	DELL	C	-0.26%
	DT	C	-0.25%
	CLX	B	-0.23%
	EXPE	B	-0.21%
	NBIX	C	-0.21%
	KDP	D	-0.21%
	XPO	B	-0.2%
	SNAP	C	-0.2%
	HEI	B	-0.2%
	ERIE	D	-0.18%
	DKNG	B	-0.18%
	SRPT	D	-0.17%
	CHDN	B	-0.17%
	ENTG	D	-0.16%
	MORN	B	-0.16%
	SMCI	F	-0.16%
	WING	D	-0.16%
	PINS	D	-0.16%
	MEDP	D	-0.14%
	ENPH	F	-0.14%
	POOL	C	-0.12%
	BSY	D	-0.11%
	PCOR	B	-0.1%
	FLEX	A	-0.09%
	MRNA	F	-0.09%
	DVA	B	-0.07%
	CELH	F	-0.07%

IWS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Utilities - Regulated Electric Oil & Gas E&P Diagnostics & Research Asset Management Packaged Foods Packaging & Containers Specialty Retail Biotechnology Business Services Software - Infrastructure Information Technology Services REIT - Residential Semiconductors Specialty Chemicals Capital Markets Insurance - Property & Casualty Building Materials

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Insurance Nasdaq 100 Bank Banking Electronics Computing Aerospace Chemical Electricity Mining Telecommunications Insurance Products Semiconductor Beverage Biotechnology Oil And Gas Plastic

IMCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Diagnostics & Research Business Services REIT - Residential Specialty Retail Biotechnology Engineering & Construction Software - Infrastructure Capital Markets Insurance - Property & Casualty Building Materials Household & Personal Products Medical Instruments & Supplies Scientific & Technical Instruments Semiconductors Specialty Chemicals Aerospace & Defense Information Technology Services Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Aerospace Real Estate Investment Trust Electronics Beverage Cloud Computing IBD 50 Insurance Mining Natural Gas Chemical Cloud Infrastructure Software As A Service Oil And Gas Semiconductor Medicine Retailing Telecommunications