IWS vs. IMCV ETF Comparison

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

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

IMCV

iShares Morningstar Mid-Cap Value ETF

IMCV Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Value IndexSM 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. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited âvalueâ characteristics as determined by Morningstar, Inc. (Morningstar or the index providerâ) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.13

Average Daily Volume

15,489

Number of Holdings ^*

303

* may have additional holdings in another (foreign) market

Performance

Period	IWS	IMCV
30 Days	0.25%	0.30%
60 Days	3.66%	2.98%
90 Days	6.80%	6.27%
12 Months	28.99%	27.11%

265 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in IMCV	Overlap
ACGL	C	0.4%	0.46%	0.4%
ACI	C	0.09%	0.14%	0.09%
ACM	B	0.16%	0.1%	0.1%
ADM	D	0.27%	0.44%	0.27%
AEE	A	0.26%	0.43%	0.26%
AES	F	0.1%	0.17%	0.1%
AFG	A	0.11%	0.11%	0.11%
AFL	C	0.66%	0.97%	0.66%
AGR	A	0.03%	0.05%	0.03%
AKAM	F	0.15%	0.13%	0.13%
ALB	C	0.13%	0.1%	0.1%
ALGN	D	0.07%	0.1%	0.07%
ALL	A	0.47%	0.53%	0.47%
ALLE	D	0.14%	0.09%	0.09%
ALLY	C	0.1%	0.18%	0.1%
AMCR	C	0.16%	0.26%	0.16%
AMP	A	0.05%	0.32%	0.05%
AOS	F	0.1%	0.05%	0.05%
APA	F	0.09%	0.14%	0.09%
APTV	F	0.17%	0.12%	0.12%
AR	B	0.09%	0.15%	0.09%
ARE	D	0.21%	0.22%	0.21%
ATO	A	0.23%	0.39%	0.23%
AVB	A	0.36%	0.3%	0.3%
AVTR	F	0.17%	0.11%	0.11%
AVY	D	0.11%	0.14%	0.11%
AWK	C	0.29%	0.24%	0.24%
BALL	D	0.2%	0.14%	0.14%
BAX	F	0.19%	0.31%	0.19%
BBY	C	0.21%	0.31%	0.21%
BEN	C	0.07%	0.11%	0.07%
BG	D	0.13%	0.22%	0.13%
BIIB	F	0.27%	0.45%	0.27%
BJ	B	0.13%	0.11%	0.11%
BK	A	0.62%	1.01%	0.62%
BKR	A	0.47%	0.39%	0.39%
BLD	F	0.12%	0.09%	0.09%
BLDR	D	0.21%	0.2%	0.2%
BXP	D	0.14%	0.23%	0.14%
CAG	F	0.15%	0.24%	0.15%
CAH	B	0.13%	0.52%	0.13%
CASY	B	0.14%	0.08%	0.08%
CBRE	B	0.45%	0.28%	0.28%
CCI	D	0.5%	0.81%	0.5%
CCK	D	0.12%	0.13%	0.12%
CCL	A	0.26%	0.43%	0.26%
CE	F	0.07%	0.07%	0.07%
CF	A	0.17%	0.27%	0.17%
CFG	A	0.22%	0.37%	0.22%
CG	B	0.12%	0.2%	0.12%
CHTR	B	0.4%	0.69%	0.4%
CINF	A	0.25%	0.25%	0.25%
CMI	A	0.53%	0.28%	0.28%
CMS	C	0.22%	0.23%	0.22%
CNC	F	0.34%	0.56%	0.34%
CNH	D	0.1%	0.17%	0.1%
CNP	A	0.21%	0.34%	0.21%
COO	D	0.22%	0.1%	0.1%
COTY	F	0.03%	0.01%	0.01%
CPB	D	0.09%	0.16%	0.09%
CPT	D	0.14%	0.13%	0.13%
CRL	D	0.12%	0.07%	0.07%
CTRA	A	0.2%	0.19%	0.19%
CTSH	B	0.43%	0.72%	0.43%
CTVA	D	0.44%	0.4%	0.4%
DAL	A	0.43%	0.38%	0.38%
DD	D	0.38%	0.33%	0.33%
DFS	A	0.47%	0.34%	0.34%
DG	F	0.18%	0.3%	0.18%
DGX	A	0.19%	0.31%	0.19%
DHI	D	0.54%	0.89%	0.54%
DINO	D	0.07%	0.12%	0.07%
DKS	D	0.11%	0.12%	0.11%
DLR	A	0.64%	0.28%	0.28%
DLTR	F	0.13%	0.13%	0.13%
DOC	D	0.17%	0.29%	0.17%
DOV	A	0.3%	0.15%	0.15%
DOW	F	0.35%	0.34%	0.34%
DRI	B	0.1%	0.18%	0.1%
DTE	C	0.26%	0.43%	0.26%
DVN	F	0.27%	0.44%	0.27%
EA	A	0.46%	0.2%	0.2%
EBAY	D	0.34%	0.35%	0.34%
ED	D	0.37%	0.6%	0.37%
EG	D	0.14%	0.29%	0.14%
EIX	C	0.34%	0.57%	0.34%
ELS	B	0.14%	0.09%	0.09%
EMN	C	0.13%	0.21%	0.13%
EPAM	B	0.13%	0.11%	0.11%
EQR	C	0.3%	0.27%	0.27%
EQT	A	0.25%	0.15%	0.15%
ES	C	0.23%	0.38%	0.23%
ESS	A	0.21%	0.18%	0.18%
ETR	A	0.34%	0.56%	0.34%
EVRG	A	0.15%	0.25%	0.15%
EXC	C	0.41%	0.67%	0.41%
EXE	A	0.23%	0.33%	0.23%
EXPD	D	0.15%	0.3%	0.15%
EXR	C	0.38%	0.41%	0.38%
FANG	D	0.37%	0.56%	0.37%
FE	C	0.26%	0.38%	0.26%
FERG	D	0.42%	0.75%	0.42%
FFIV	B	0.15%	0.15%	0.15%
FIS	B	0.54%	0.88%	0.54%
FITB	A	0.34%	0.56%	0.34%
FNF	C	0.17%	0.27%	0.17%
FOX	A	0.06%	0.1%	0.06%
FOXA	A	0.11%	0.19%	0.11%
FTV	D	0.29%	0.14%	0.14%
GEHC	D	0.37%	0.33%	0.33%
GEN	B	0.17%	0.14%	0.14%
GIS	D	0.4%	0.65%	0.4%
GLPI	D	0.14%	0.23%	0.14%
GLW	B	0.4%	0.67%	0.4%
GPC	D	0.18%	0.18%	0.18%
GPN	B	0.31%	0.3%	0.3%
GRMN	B	0.36%	0.21%	0.21%
HAL	C	0.28%	0.21%	0.21%
HBAN	A	0.27%	0.45%	0.27%
HIG	C	0.37%	0.62%	0.37%
HII	F	0.09%	0.06%	0.06%
HOLX	D	0.19%	0.33%	0.19%
HPE	B	0.31%	0.51%	0.31%
HPQ	B	0.3%	0.65%	0.3%
HRL	D	0.1%	0.1%	0.1%
HST	D	0.14%	0.22%	0.14%
HSY	F	0.24%	0.21%	0.21%
HUM	F	0.38%	0.62%	0.38%
IFF	D	0.26%	0.42%	0.26%
INCY	B	0.14%	0.11%	0.11%
IP	A	0.22%	0.35%	0.22%
IPG	F	0.12%	0.2%	0.12%
IQV	F	0.38%	0.26%	0.26%
IRM	D	0.16%	0.31%	0.16%
J	D	0.2%	0.11%	0.11%
JBHT	B	0.17%	0.11%	0.11%
JBL	C	0.15%	0.12%	0.12%
JNPR	D	0.14%	0.22%	0.14%
K	B	0.23%	0.38%	0.23%
KEY	A	0.19%	0.32%	0.19%
KEYS	C	0.31%	0.28%	0.28%
KIM	A	0.18%	0.09%	0.09%
KMI	A	0.56%	0.94%	0.56%
KMX	B	0.12%	0.1%	0.1%
KR	B	0.43%	0.72%	0.43%
KVUE	A	0.49%	0.73%	0.49%
L	A	0.16%	0.28%	0.16%
LDOS	C	0.29%	0.28%	0.28%
LEN	D	0.02%	0.03%	0.02%
LEN	D	0.02%	0.72%	0.02%
LEN	D	0.45%	0.72%	0.45%
LEN	D	0.45%	0.03%	0.03%
LH	B	0.22%	0.36%	0.22%
LHX	B	0.53%	0.88%	0.53%
LKQ	D	0.11%	0.18%	0.11%
LNG	A	0.25%	0.58%	0.25%
LNT	A	0.16%	0.26%	0.16%
LUV	A	0.21%	0.19%	0.19%
LYB	F	0.24%	0.39%	0.24%
MAA	A	0.2%	0.21%	0.2%
MAS	D	0.19%	0.18%	0.18%
MCHP	F	0.42%	0.39%	0.39%
MGM	D	0.09%	0.09%	0.09%
MKC	D	0.21%	0.16%	0.16%
MKL	A	0.18%	0.14%	0.14%
MOH	F	0.08%	0.15%	0.08%
MOS	D	0.1%	0.16%	0.1%
MRO	A	0.17%	0.28%	0.17%
MSTR	B	0.43%	0.33%	0.33%
MTB	A	0.38%	0.62%	0.38%
NDAQ	A	0.35%	0.33%	0.33%
NI	A	0.17%	0.29%	0.17%
NRG	B	0.13%	0.23%	0.13%
NTAP	D	0.15%	0.22%	0.15%
NTRS	A	0.23%	0.38%	0.23%
NUE	D	0.41%	0.67%	0.41%
NVR	D	0.29%	0.5%	0.29%
NWS	A	0.04%	0.06%	0.04%
NWSA	B	0.12%	0.2%	0.12%
O	D	0.54%	0.59%	0.54%
OC	A	0.18%	0.29%	0.18%
OKE	A	0.68%	1.11%	0.68%
OMC	C	0.22%	0.36%	0.22%
ON	F	0.33%	0.34%	0.33%
OTIS	D	0.44%	0.28%	0.28%
OVV	C	0.12%	0.21%	0.12%
PAG	A	0.03%	0.06%	0.03%
PCG	A	0.48%	0.46%	0.46%
PEG	C	0.46%	0.76%	0.46%
PFG	C	0.21%	0.35%	0.21%
PHM	D	0.3%	0.28%	0.28%
PKG	B	0.23%	0.38%	0.23%
PNR	A	0.19%	0.08%	0.08%
PPG	F	0.32%	0.32%	0.32%
PPL	A	0.27%	0.44%	0.27%
PRU	A	0.47%	0.78%	0.47%
QRVO	F	0.07%	0.05%	0.05%
RCL	A	0.38%	0.29%	0.29%
REG	A	0.15%	0.13%	0.13%
RF	A	0.26%	0.42%	0.26%
RGA	A	0.16%	0.26%	0.16%
RJF	A	0.33%	0.21%	0.21%
RNR	D	0.15%	0.25%	0.15%
RPM	A	0.14%	0.1%	0.1%
RPRX	F	0.11%	0.19%	0.11%
RRX	B	0.13%	0.09%	0.09%
RS	B	0.2%	0.32%	0.2%
RVTY	D	0.16%	0.15%	0.15%
SCI	B	0.13%	0.1%	0.1%
SIRI	C	0.07%	0.11%	0.07%
SJM	F	0.13%	0.22%	0.13%
SNA	A	0.2%	0.22%	0.2%
SNX	D	0.1%	0.11%	0.1%
SOLV	C	0.11%	0.18%	0.11%
SPG	A	0.47%	0.98%	0.47%
SSNC	D	0.17%	0.29%	0.17%
STLD	B	0.24%	0.39%	0.24%
STT	A	0.31%	0.51%	0.31%
SW	A	0.29%	0.47%	0.29%
SWK	F	0.15%	0.13%	0.13%
SWKS	F	0.15%	0.25%	0.15%
SYF	A	0.27%	0.46%	0.27%
TAP	A	0.11%	0.18%	0.11%
TDY	B	0.24%	0.19%	0.19%
TER	F	0.02%	0.16%	0.02%
TFX	F	0.1%	0.1%	0.1%
THC	C	0.17%	0.29%	0.17%
TOL	B	0.17%	0.18%	0.17%
TRMB	A	0.19%	0.1%	0.1%
TROW	A	0.28%	0.47%	0.28%
TSN	A	0.18%	0.15%	0.15%
TXT	D	0.18%	0.16%	0.16%
UAL	A	0.31%	0.51%	0.31%
UDR	C	0.16%	0.09%	0.09%
UHAL	D	0.0%	0.01%	0.0%
UHAL	D	0.04%	0.01%	0.01%
UHAL	D	0.04%	0.07%	0.04%
UHAL	D	0.0%	0.07%	0.0%
UHS	D	0.13%	0.12%	0.12%
ULTA	D	0.03%	0.17%	0.03%
UNM	A	0.14%	0.22%	0.14%
URI	B	0.48%	0.54%	0.48%
USFD	B	0.17%	0.13%	0.13%
UTHR	B	0.19%	0.28%	0.19%
VICI	C	0.35%	0.58%	0.35%
VLTO	D	0.15%	0.18%	0.15%
VTR	C	0.29%	0.31%	0.29%
VTRS	A	0.17%	0.28%	0.17%
WAT	B	0.1%	0.15%	0.1%
WBA	F	0.07%	0.12%	0.07%
WBD	B	0.24%	0.36%	0.24%
WDC	F	0.25%	0.4%	0.25%
WEC	A	0.33%	0.55%	0.33%
WLK	F	0.05%	0.05%	0.05%
WMB	A	0.74%	1.22%	0.74%
WPC	D	0.13%	0.22%	0.13%
WRB	A	0.19%	0.14%	0.14%
WSM	F	0.07%	0.1%	0.07%
WTRG	C	0.11%	0.12%	0.11%
WTW	B	0.35%	0.3%	0.3%
WY	D	0.25%	0.41%	0.25%
XEL	A	0.41%	0.66%	0.41%
ZBH	C	0.24%	0.2%	0.2%
ZBRA	B	0.17%	0.09%	0.09%
ZM	B	0.23%	0.35%	0.23%

IWS Overweight 445 Positions Relative to IMCV

Symbol	Grade	Weight
AJG	A	0.64%
AME	A	0.48%
HWM	A	0.47%
IR	A	0.45%
A	D	0.43%
MLM	B	0.39%
ROST	D	0.39%
WAB	B	0.38%
PWR	A	0.36%
CSGP	F	0.34%
XYL	D	0.33%
PAYX	B	0.33%
TTWO	A	0.33%
HLT	A	0.32%
ANSS	B	0.32%
ROK	A	0.31%
VMC	B	0.31%
MTD	F	0.3%
EFX	F	0.29%
RMD	C	0.29%
FCNCA	A	0.28%
CHD	A	0.28%
HUBB	B	0.27%
YUM	D	0.26%
SQ	A	0.26%
SBAC	D	0.26%
ILMN	C	0.26%
STE	D	0.23%
HOOD	A	0.22%
INVH	D	0.22%
FSLR	F	0.22%
CBOE	D	0.22%
MSCI	A	0.21%
TRU	D	0.21%
WSO	A	0.2%
CVNA	A	0.19%
IEX	B	0.19%
CSL	B	0.19%
IBKR	A	0.19%
SUI	D	0.17%
EME	B	0.16%
COHR	B	0.16%
VRSN	D	0.16%
SYY	D	0.16%
GGG	A	0.16%
CW	B	0.16%
NDSN	B	0.16%
BRO	B	0.16%
HES	B	0.15%
EWBC	A	0.15%
ITT	A	0.14%
CACI	C	0.14%
CHRW	A	0.14%
TWLO	A	0.14%
BMRN	F	0.14%
NVT	B	0.14%
JKHY	D	0.14%
CLH	C	0.14%
CDW	F	0.14%
ATR	B	0.13%
Z	A	0.13%
FDS	A	0.13%
TECH	D	0.13%
TPR	A	0.13%
NTNX	A	0.13%
FTI	A	0.13%
AMH	C	0.13%
CTLT	C	0.12%
WWD	B	0.12%
AFRM	A	0.12%
FWONK	B	0.12%
FHN	A	0.12%
CUBE	C	0.12%
AIZ	A	0.12%
DAY	B	0.12%
EVR	A	0.12%
AA	A	0.12%
PFGC	B	0.12%
SOFI	A	0.12%
SF	A	0.12%
WAL	A	0.11%
GL	B	0.11%
FBIN	D	0.11%
TTEK	D	0.11%
RGLD	C	0.11%
WBS	A	0.11%
NLY	C	0.11%
INGR	B	0.11%
LAD	A	0.11%
AYI	A	0.11%
EHC	B	0.11%
MKTX	C	0.11%
OHI	C	0.11%
ARMK	C	0.11%
CIEN	B	0.11%
PRI	A	0.11%
DPZ	C	0.11%
PNW	A	0.11%
ALSN	B	0.11%
DOX	D	0.11%
GWRE	B	0.1%
GPK	D	0.1%
RIVN	F	0.1%
KBR	D	0.1%
JLL	C	0.1%
CZR	F	0.1%
HLI	A	0.1%
TTC	D	0.1%
AXTA	A	0.1%
RL	B	0.1%
JEF	A	0.1%
PTC	B	0.1%
WCC	A	0.1%
NYT	D	0.1%
GMED	A	0.1%
RBC	A	0.1%
BWXT	A	0.1%
MTZ	B	0.1%
ORI	A	0.1%
PNFP	A	0.1%
X	D	0.1%
BRBR	A	0.1%
TW	B	0.1%
CMA	A	0.1%
REXR	F	0.1%
WST	C	0.1%
GME	C	0.1%
DCI	B	0.1%
FRT	B	0.1%
KNX	B	0.1%
DTM	A	0.1%
RRC	B	0.09%
MTCH	F	0.09%
FLS	A	0.09%
LW	C	0.09%
SEIC	A	0.09%
WYNN	D	0.09%
ROKU	D	0.09%
VNO	B	0.09%
G	A	0.09%
SNV	A	0.09%
CFR	A	0.09%
LBRDK	B	0.09%
CHRD	F	0.09%
TKO	C	0.09%
VOYA	A	0.09%
CART	C	0.09%
CBSH	A	0.09%
WTFC	A	0.09%
LAMR	D	0.09%
ZION	A	0.09%
AAL	B	0.09%
LECO	C	0.09%
APG	C	0.09%
FYBR	C	0.09%
EGP	D	0.09%
FICO	A	0.09%
COIN	A	0.09%
BRX	A	0.09%
OGE	A	0.09%
CR	A	0.09%
HSIC	D	0.09%
R	A	0.08%
CGNX	D	0.08%
GNTX	C	0.08%
GXO	B	0.08%
BIO	C	0.08%
FR	D	0.08%
AGNC	C	0.08%
FCN	F	0.08%
ATI	D	0.08%
PB	A	0.08%
SSD	D	0.08%
MKSI	D	0.08%
OSK	C	0.08%
VFC	B	0.08%
KEX	A	0.08%
ESAB	B	0.08%
COKE	C	0.08%
MIDD	D	0.08%
FMC	F	0.08%
FAST	B	0.08%
CHE	D	0.08%
SKX	D	0.08%
ADC	A	0.08%
MHK	D	0.08%
RHI	B	0.08%
PR	C	0.08%
BWA	A	0.08%
JAZZ	A	0.08%
MTSI	B	0.08%
BERY	D	0.08%
SAIC	D	0.08%
NNN	D	0.08%
BPOP	C	0.07%
OLLI	D	0.07%
STWD	D	0.07%
MTDR	C	0.07%
OMF	A	0.07%
VNT	C	0.07%
LFUS	D	0.07%
MTG	C	0.07%
KD	A	0.07%
S	B	0.07%
ARW	D	0.07%
MSA	D	0.07%
ALK	A	0.07%
NOV	D	0.07%
COLB	A	0.07%
DAR	B	0.07%
ONTO	F	0.07%
FAF	C	0.07%
ESI	B	0.07%
COLD	F	0.07%
PARA	C	0.07%
IVZ	B	0.07%
AXS	A	0.07%
MAT	C	0.07%
AZPN	A	0.07%
HRB	D	0.07%
DOCS	C	0.07%
RLI	A	0.07%
FND	F	0.07%
HR	C	0.07%
WH	A	0.07%
RGEN	D	0.07%
BBWI	C	0.07%
LSTR	D	0.07%
STAG	D	0.07%
OKTA	D	0.07%
VMI	B	0.07%
WEX	F	0.07%
GWW	A	0.07%
ELAN	C	0.07%
AVT	C	0.06%
WSC	F	0.06%
BYD	A	0.06%
PSN	C	0.06%
CCCS	A	0.06%
OLN	F	0.06%
LEA	F	0.06%
NFG	A	0.06%
POST	D	0.06%
THO	B	0.06%
SN	C	0.06%
RITM	C	0.06%
CRUS	F	0.06%
LITE	A	0.06%
EXAS	F	0.06%
GNRC	B	0.06%
THG	A	0.06%
BC	D	0.06%
BFAM	F	0.06%
FNB	A	0.06%
IDA	A	0.06%
AGCO	D	0.06%
JHG	A	0.06%
PVH	C	0.06%
H	B	0.06%
AMG	A	0.06%
WHR	A	0.06%
LNC	A	0.06%
WMS	F	0.06%
BILL	A	0.06%
SAIA	B	0.06%
AMTM	D	0.05%
LINE	F	0.05%
CLF	F	0.05%
OLED	F	0.05%
AN	D	0.05%
GTES	B	0.05%
TPG	B	0.05%
SITE	D	0.05%
M	C	0.05%
GFS	C	0.05%
GAP	C	0.05%
PAYC	B	0.05%
DLB	D	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%
ST	F	0.05%
CROX	F	0.05%
AL	A	0.05%
TKR	F	0.05%
SON	D	0.05%
OZK	A	0.05%
HXL	F	0.05%
FRPT	B	0.05%
UGI	C	0.05%
ROIV	D	0.05%
SLM	A	0.05%
AM	A	0.04%
LBTYK	A	0.04%
VAC	B	0.04%
ZG	A	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%
PII	F	0.04%
PRGO	C	0.04%
XRAY	F	0.04%
MDU	D	0.04%
W	F	0.04%
ACHC	F	0.04%
ZI	D	0.04%
DNB	B	0.04%
NEU	C	0.04%
PLNT	A	0.04%
NWL	B	0.04%
CIVI	F	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%
FLO	D	0.04%
MSM	C	0.04%
ASH	F	0.04%
KMPR	A	0.04%
OGN	F	0.04%
BR	A	0.03%
CPRI	F	0.03%
CWEN	D	0.03%
BRKR	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%
EXP	B	0.03%
MP	B	0.03%
WU	F	0.03%
HHH	B	0.03%
BOKF	A	0.03%
ALGM	F	0.03%
CC	C	0.03%
COLM	B	0.03%
VIRT	A	0.03%
SEE	B	0.03%
CXT	D	0.03%
CNM	F	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%
AMKR	F	0.03%
SPR	D	0.03%
ECG	D	0.03%
NXST	D	0.03%
SNDR	B	0.02%
REYN	D	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%
EXEL	B	0.02%
UAA	B	0.02%
BIRK	F	0.02%
VSTS	F	0.02%
QS	F	0.02%
CLVT	F	0.02%
FTRE	D	0.02%
KSS	F	0.02%
CNXC	F	0.02%
AZEK	B	0.02%
LYFT	B	0.02%
ALAB	B	0.02%
PPC	B	0.02%
PSTG	F	0.02%
ETSY	D	0.02%
SAM	B	0.02%
LCID	F	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%
CHH	A	0.01%
CACC	D	0.01%
DJT	C	0.01%
SEB	F	0.01%
UI	A	0.01%
TFSL	A	0.01%
PATH	D	0.01%
CWEN	D	0.01%
CAR	C	0.01%
FIVE	F	0.01%
HCP	B	0.01%
LSCC	D	0.01%
MTN	C	0.01%
CNA	C	0.01%
FWONA	B	0.01%
AS	B	0.01%
HAS	D	0.01%
PYCR	C	0.01%
LLYVA	A	0.01%
DV	C	0.01%
LBRDA	B	0.01%
WOLF	F	0.01%
DDS	B	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%
NFE	F	0.0%
GRAL	C	0.0%
LAZ	B	0.0%

IWS Underweight 42 Positions Relative to IMCV

Symbol	Grade	Weight
COF	A	-1.26%
GM	A	-1.11%
NSC	B	-1.09%
TFC	A	-1.07%
PCAR	B	-1.05%
SRE	A	-1.02%
AEP	C	-0.91%
AIG	B	-0.87%
GEV	A	-0.8%
VLO	C	-0.78%
F	C	-0.77%
TRV	A	-0.6%
KHC	F	-0.52%
KMB	C	-0.52%
PSA	C	-0.5%
D	C	-0.49%
CARR	D	-0.47%
TRGP	A	-0.44%
JCI	A	-0.42%
KDP	D	-0.41%
TEL	C	-0.4%
NEM	F	-0.4%
STX	D	-0.38%
DELL	C	-0.36%
COR	B	-0.35%
VST	A	-0.31%
STZ	D	-0.31%
EQH	B	-0.25%
FLEX	B	-0.2%
EXPE	A	-0.2%
CPNG	C	-0.18%
MRNA	F	-0.16%
TSCO	D	-0.16%
DKNG	B	-0.15%
PINS	F	-0.14%
POOL	D	-0.13%
CLX	A	-0.13%
XPO	B	-0.11%
ENTG	F	-0.11%
CPAY	A	-0.11%
BAH	D	-0.1%
DVA	C	-0.07%