IWS vs. JPUS ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	IWS	JPUS
30 Days	5.12%	2.72%
60 Days	5.58%	2.86%
90 Days	7.47%	5.12%
12 Months	31.67%	27.89%

239 Overlapping Holdings

	Symbol	Grade	Weight in IWS	Weight in JPUS	Overlap
	ACGL	D	0.4%	0.31%	0.31%
	ACI	C	0.09%	0.31%	0.09%
	ADM	D	0.28%	0.34%	0.28%
	AFG	A	0.11%	0.06%	0.06%
	AFL	B	0.68%	0.38%	0.38%
	AGO	B	0.05%	0.05%	0.05%
	ALLY	C	0.1%	0.24%	0.1%
	ALSN	B	0.11%	0.42%	0.11%
	AM	A	0.04%	0.38%	0.04%
	AMP	A	0.06%	0.29%	0.06%
	AOS	F	0.1%	0.3%	0.1%
	ASH	D	0.04%	0.19%	0.04%
	ATO	A	0.24%	0.16%	0.16%
	AVB	B	0.36%	0.31%	0.31%
	AVY	D	0.11%	0.26%	0.11%
	BBY	D	0.22%	0.24%	0.22%
	BG	F	0.14%	0.34%	0.14%
	BLDR	D	0.21%	0.34%	0.21%
	BPOP	B	0.07%	0.21%	0.07%
	BRBR	A	0.1%	0.24%	0.1%
	BRX	A	0.1%	0.37%	0.1%
	CACI	D	0.11%	0.14%	0.11%
	CAG	D	0.14%	0.32%	0.14%
	CAH	B	0.13%	0.36%	0.13%
	CASY	A	0.13%	0.41%	0.13%
	CBOE	B	0.23%	0.25%	0.23%
	CBRE	B	0.44%	0.05%	0.05%
	CCI	D	0.5%	0.16%	0.16%
	CE	F	0.07%	0.2%	0.07%
	CF	B	0.18%	0.32%	0.18%
	CFG	B	0.23%	0.07%	0.07%
	CHD	B	0.29%	0.34%	0.29%
	CHE	D	0.08%	0.16%	0.08%
	CHTR	C	0.4%	0.4%	0.4%
	CIEN	B	0.11%	0.52%	0.11%
	CLF	F	0.04%	0.18%	0.04%
	CLH	B	0.14%	0.41%	0.14%
	CMI	A	0.54%	0.42%	0.42%
	CMS	C	0.22%	0.28%	0.22%
	CNM	D	0.03%	0.21%	0.03%
	COKE	C	0.08%	0.21%	0.08%
	CPB	D	0.09%	0.33%	0.09%
	CPT	B	0.14%	0.17%	0.14%
	CRI	D	0.02%	0.03%	0.02%
	CRUS	D	0.06%	0.1%	0.06%
	CSL	C	0.19%	0.17%	0.17%
	CTRA	B	0.21%	0.35%	0.21%
	CTSH	B	0.42%	0.37%	0.37%
	CTVA	C	0.43%	0.3%	0.3%
	CUBE	D	0.12%	0.35%	0.12%
	CWEN	C	0.01%	0.05%	0.01%
	CWEN	C	0.03%	0.05%	0.03%
	DFS	B	0.48%	0.13%	0.13%
	DGX	A	0.2%	0.36%	0.2%
	DHI	D	0.53%	0.33%	0.33%
	DINO	D	0.07%	0.26%	0.07%
	DKS	C	0.11%	0.36%	0.11%
	DLB	B	0.05%	0.06%	0.05%
	DOW	F	0.34%	0.26%	0.26%
	DOX	D	0.11%	0.24%	0.11%
	DRI	B	0.1%	0.24%	0.1%
	DTE	C	0.27%	0.3%	0.27%
	DTM	B	0.11%	0.17%	0.11%
	DVN	F	0.27%	0.1%	0.1%
	EA	A	0.47%	0.19%	0.19%
	ED	D	0.37%	0.34%	0.34%
	EG	C	0.15%	0.28%	0.15%
	EGP	F	0.09%	0.06%	0.06%
	EIX	B	0.35%	0.36%	0.35%
	EMN	D	0.13%	0.32%	0.13%
	EPR	D	0.04%	0.17%	0.04%
	EQR	B	0.31%	0.2%	0.2%
	ESI	A	0.07%	0.3%	0.07%
	ESS	B	0.21%	0.37%	0.21%
	ETR	B	0.35%	0.46%	0.35%
	EVRG	A	0.16%	0.34%	0.16%
	EXC	C	0.43%	0.31%	0.31%
	EXP	A	0.03%	0.21%	0.03%
	FANG	D	0.37%	0.39%	0.37%
	FAST	B	0.08%	0.39%	0.08%
	FBIN	D	0.1%	0.12%	0.1%
	FCNCA	A	0.29%	0.43%	0.29%
	FE	C	0.26%	0.34%	0.26%
	FITB	A	0.35%	0.31%	0.31%
	FLO	D	0.04%	0.21%	0.04%
	FNF	B	0.18%	0.35%	0.18%
	FR	D	0.08%	0.16%	0.08%
	FRT	B	0.1%	0.09%	0.09%
	FTRE	D	0.02%	0.03%	0.02%
	FYBR	D	0.09%	0.37%	0.09%
	GAP	B	0.05%	0.2%	0.05%
	GEHC	F	0.37%	0.22%	0.22%
	GEN	B	0.18%	0.07%	0.07%
	GIS	D	0.39%	0.33%	0.33%
	GLPI	C	0.14%	0.34%	0.14%
	GNTX	C	0.08%	0.28%	0.08%
	GRMN	B	0.36%	0.43%	0.36%
	GWW	B	0.07%	0.43%	0.07%
	HBAN	A	0.28%	0.33%	0.28%
	HIG	B	0.38%	0.39%	0.38%
	HIW	D	0.04%	0.15%	0.04%
	HOG	D	0.04%	0.03%	0.03%
	HOLX	D	0.2%	0.28%	0.2%
	HPE	B	0.3%	0.3%	0.3%
	HRB	D	0.07%	0.36%	0.07%
	HRL	D	0.09%	0.35%	0.09%
	HST	C	0.13%	0.4%	0.13%
	HSY	F	0.24%	0.26%	0.24%
	HUBB	B	0.26%	0.35%	0.26%
	HUN	F	0.04%	0.16%	0.04%
	IDA	A	0.07%	0.02%	0.02%
	IFF	D	0.24%	0.21%	0.21%
	INGR	B	0.1%	0.42%	0.1%
	IP	B	0.22%	0.46%	0.22%
	IPG	D	0.11%	0.15%	0.11%
	IRDM	D	0.03%	0.06%	0.03%
	IRM	D	0.16%	0.39%	0.16%
	ITT	A	0.14%	0.24%	0.14%
	JEF	A	0.1%	0.3%	0.1%
	JLL	D	0.09%	0.41%	0.09%
	JNPR	F	0.13%	0.38%	0.13%
	K	A	0.23%	0.38%	0.23%
	KEY	B	0.2%	0.06%	0.06%
	KIM	A	0.18%	0.33%	0.18%
	KMI	A	0.58%	0.48%	0.48%
	KR	B	0.42%	0.43%	0.42%
	KRC	C	0.05%	0.16%	0.05%
	KSS	F	0.02%	0.01%	0.01%
	KVUE	A	0.5%	0.39%	0.39%
	LAMR	D	0.09%	0.39%	0.09%
	LDOS	C	0.24%	0.22%	0.22%
	LEG	F	0.02%	0.02%	0.02%
	LEN	D	0.44%	0.36%	0.36%
	LEN	D	0.02%	0.36%	0.02%
	LH	C	0.22%	0.28%	0.22%
	LNG	B	0.26%	0.34%	0.26%
	LOPE	B	0.03%	0.09%	0.03%
	LPX	B	0.02%	0.08%	0.02%
	LSTR	D	0.07%	0.04%	0.04%
	LYB	F	0.24%	0.31%	0.24%
	M	D	0.05%	0.18%	0.05%
	MAA	B	0.2%	0.21%	0.2%
	MAS	D	0.19%	0.3%	0.19%
	MOH	F	0.07%	0.14%	0.07%
	MOS	F	0.09%	0.17%	0.09%
	MRO	B	0.18%	0.37%	0.18%
	MSM	C	0.04%	0.25%	0.04%
	MTG	C	0.07%	0.35%	0.07%
	NEU	C	0.04%	0.18%	0.04%
	NFG	A	0.06%	0.3%	0.06%
	NI	A	0.18%	0.41%	0.18%
	NNN	D	0.08%	0.16%	0.08%
	NRG	B	0.12%	0.46%	0.12%
	NSA	D	0.03%	0.05%	0.03%
	NTAP	C	0.15%	0.31%	0.15%
	NUE	C	0.39%	0.3%	0.3%
	NVR	D	0.28%	0.38%	0.28%
	NXST	C	0.03%	0.36%	0.03%
	OC	A	0.18%	0.34%	0.18%
	OGE	B	0.09%	0.36%	0.09%
	OHI	C	0.11%	0.38%	0.11%
	OLN	D	0.05%	0.26%	0.05%
	OMF	A	0.07%	0.22%	0.07%
	ORI	A	0.1%	0.3%	0.1%
	PAG	B	0.03%	0.34%	0.03%
	PEG	A	0.49%	0.41%	0.41%
	PFG	D	0.22%	0.1%	0.1%
	PFGC	B	0.12%	0.46%	0.12%
	PHM	D	0.29%	0.38%	0.29%
	PK	B	0.03%	0.24%	0.03%
	PKG	A	0.23%	0.3%	0.23%
	PNW	B	0.11%	0.39%	0.11%
	POST	C	0.06%	0.35%	0.06%
	PPC	C	0.02%	0.21%	0.02%
	PPL	B	0.27%	0.39%	0.27%
	PR	B	0.08%	0.23%	0.08%
	PRU	A	0.5%	0.1%	0.1%
	PWR	A	0.36%	0.46%	0.36%
	R	B	0.08%	0.18%	0.08%
	RBC	A	0.1%	0.07%	0.07%
	REG	B	0.15%	0.38%	0.15%
	RF	A	0.27%	0.09%	0.09%
	RGA	A	0.17%	0.17%	0.17%
	RGLD	C	0.1%	0.08%	0.08%
	RHI	B	0.08%	0.17%	0.08%
	RMD	C	0.27%	0.07%	0.07%
	ROKU	D	0.08%	0.0%	0.0%
	ROST	C	0.39%	0.23%	0.23%
	RPM	A	0.15%	0.28%	0.15%
	RRC	B	0.09%	0.05%	0.05%
	RS	B	0.2%	0.38%	0.2%
	RVTY	F	0.15%	0.23%	0.15%
	SAIC	F	0.07%	0.08%	0.07%
	SAM	C	0.02%	0.24%	0.02%
	SCI	B	0.13%	0.18%	0.13%
	SJM	D	0.12%	0.21%	0.12%
	SLM	A	0.06%	0.11%	0.06%
	SMG	D	0.04%	0.1%	0.04%
	SNX	C	0.1%	0.24%	0.1%
	SON	D	0.05%	0.01%	0.01%
	SPB	C	0.03%	0.27%	0.03%
	SPG	B	0.48%	0.41%	0.41%
	SSNC	B	0.17%	0.04%	0.04%
	STAG	F	0.07%	0.23%	0.07%
	STE	F	0.24%	0.25%	0.24%
	STLD	B	0.23%	0.38%	0.23%
	STT	A	0.32%	0.13%	0.13%
	STWD	C	0.07%	0.18%	0.07%
	SWKS	F	0.15%	0.14%	0.14%
	SYF	B	0.28%	0.52%	0.28%
	SYY	B	0.16%	0.36%	0.16%
	TAP	C	0.12%	0.43%	0.12%
	THC	D	0.16%	0.4%	0.16%
	TKR	D	0.05%	0.19%	0.05%
	TNL	A	0.04%	0.07%	0.04%
	TOL	B	0.17%	0.42%	0.17%
	TSN	B	0.2%	0.37%	0.2%
	UGI	A	0.06%	0.31%	0.06%
	UHS	D	0.13%	0.33%	0.13%
	UI	A	0.01%	0.17%	0.01%
	UNM	A	0.15%	0.51%	0.15%
	USFD	A	0.16%	0.44%	0.16%
	UTHR	C	0.17%	0.42%	0.17%
	VICI	C	0.36%	0.33%	0.33%
	VIRT	B	0.03%	0.12%	0.03%
	VLTO	D	0.15%	0.04%	0.04%
	VTR	C	0.28%	0.25%	0.25%
	VTRS	A	0.17%	0.23%	0.17%
	WEC	A	0.34%	0.34%	0.34%
	WLK	D	0.05%	0.32%	0.05%
	WMB	A	0.76%	0.41%	0.41%
	WPC	D	0.13%	0.21%	0.13%
	WRB	A	0.2%	0.12%	0.12%
	WSM	B	0.07%	0.31%	0.07%
	WST	C	0.1%	0.27%	0.1%
	WU	D	0.03%	0.11%	0.03%
	WY	D	0.25%	0.31%	0.25%
	X	C	0.09%	0.33%	0.09%
	XEL	A	0.43%	0.36%	0.36%

IWS Overweight 468 Positions Relative to JPUS

	Symbol	Grade	Weight
	OKE	A	0.7%
	AJG	B	0.65%
	BK	A	0.64%
	DLR	B	0.64%
	MSTR	C	0.55%
	O	D	0.54%
	FIS	C	0.54%
	LHX	C	0.51%
	AME	A	0.49%
	PCG	A	0.49%
	ALL	A	0.48%
	HWM	A	0.47%
	BKR	B	0.47%
	URI	B	0.46%
	DAL	C	0.45%
	IR	B	0.45%
	OTIS	C	0.44%
	FERG	B	0.42%
	A	D	0.41%
	GLW	B	0.39%
	MTB	A	0.39%
	RCL	A	0.39%
	WAB	B	0.38%
	DD	D	0.38%
	EXR	D	0.38%
	HUM	C	0.37%
	MCHP	F	0.37%
	MLM	B	0.37%
	NDAQ	A	0.36%
	WTW	B	0.35%
	TTWO	A	0.34%
	IQV	D	0.34%
	EBAY	D	0.34%
	GPN	B	0.33%
	HLT	A	0.33%
	ROK	B	0.33%
	UAL	A	0.33%
	CNC	D	0.33%
	RJF	A	0.33%
	PPG	F	0.32%
	CSGP	D	0.32%
	ANSS	B	0.32%
	XYL	D	0.32%
	PAYX	C	0.32%
	ON	D	0.31%
	SQ	A	0.3%
	HPQ	A	0.3%
	VMC	B	0.3%
	DOV	A	0.3%
	TROW	B	0.29%
	KEYS	A	0.29%
	HAL	C	0.29%
	AWK	D	0.29%
	FTV	C	0.29%
	SW	A	0.29%
	CCL	B	0.27%
	AEE	A	0.27%
	EFX	F	0.27%
	MTD	D	0.27%
	YUM	B	0.26%
	CINF	A	0.26%
	BIIB	F	0.26%
	EQT	B	0.26%
	SBAC	D	0.26%
	WBD	C	0.25%
	ZBH	C	0.25%
	ZM	B	0.24%
	HOOD	B	0.24%
	NTRS	A	0.24%
	EXE	B	0.24%
	ILMN	D	0.24%
	TDY	B	0.24%
	ES	D	0.24%
	WDC	D	0.23%
	INVH	D	0.23%
	FSLR	F	0.22%
	MKC	D	0.21%
	OMC	C	0.21%
	BALL	D	0.21%
	IBKR	A	0.21%
	MSCI	C	0.21%
	COO	D	0.21%
	LUV	C	0.21%
	CNP	B	0.21%
	WSO	A	0.2%
	ARE	D	0.2%
	SNA	A	0.2%
	CVNA	B	0.19%
	GPC	D	0.19%
	TRMB	B	0.19%
	IEX	B	0.19%
	J	F	0.19%
	TRU	D	0.19%
	PNR	A	0.19%
	BAX	D	0.18%
	DG	F	0.18%
	MKL	A	0.18%
	L	A	0.17%
	SUI	D	0.17%
	ZBRA	B	0.17%
	LNT	A	0.17%
	TXT	D	0.17%
	EXPD	D	0.16%
	EWBC	A	0.16%
	VRSN	F	0.16%
	HES	B	0.16%
	APTV	D	0.16%
	NDSN	B	0.16%
	UDR	B	0.16%
	ACM	B	0.16%
	DOC	D	0.16%
	BRO	B	0.16%
	AMCR	D	0.16%
	JBHT	C	0.16%
	GGG	B	0.16%
	TWLO	A	0.15%
	RNR	C	0.15%
	CW	B	0.15%
	FFIV	B	0.15%
	EME	C	0.15%
	AVTR	F	0.15%
	BXP	D	0.14%
	COHR	B	0.14%
	JKHY	D	0.14%
	AMH	D	0.14%
	CHRW	C	0.14%
	DLTR	F	0.14%
	AFRM	A	0.14%
	JBL	B	0.14%
	ELS	C	0.14%
	AKAM	D	0.14%
	SWK	D	0.14%
	TPR	B	0.14%
	INCY	C	0.13%
	AIZ	A	0.13%
	KMX	B	0.13%
	SF	B	0.13%
	BJ	A	0.13%
	OVV	B	0.13%
	Z	A	0.13%
	CDW	F	0.13%
	FDS	B	0.13%
	SOFI	A	0.13%
	BMRN	D	0.13%
	FTI	A	0.13%
	NVT	B	0.13%
	NTNX	A	0.13%
	ALB	C	0.13%
	EPAM	C	0.13%
	ALLE	D	0.13%
	FOXA	B	0.12%
	TECH	D	0.12%
	CCK	C	0.12%
	CTLT	B	0.12%
	EVR	B	0.12%
	FWONK	B	0.12%
	NWSA	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%
	COIN	C	0.11%
	WTRG	B	0.11%
	GL	B	0.11%
	MKTX	D	0.11%
	WAL	B	0.11%
	DPZ	C	0.11%
	EHC	B	0.11%
	ARMK	B	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%
	BLD	D	0.11%
	DAY	B	0.11%
	LAD	A	0.11%
	WWD	B	0.11%
	WBS	A	0.11%
	PRI	A	0.11%
	TTEK	F	0.1%
	ZION	B	0.1%
	GWRE	A	0.1%
	MGM	D	0.1%
	KNX	B	0.1%
	HLI	B	0.1%
	AAL	B	0.1%
	AR	B	0.1%
	HSIC	B	0.1%
	PTC	A	0.1%
	WCC	B	0.1%
	AXTA	A	0.1%
	TFX	F	0.1%
	TW	A	0.1%
	REXR	F	0.1%
	GMED	A	0.1%
	BWXT	B	0.1%
	DCI	B	0.1%
	CMA	A	0.1%
	SOLV	C	0.1%
	CNH	C	0.1%
	PNFP	B	0.1%
	FLS	B	0.09%
	BWA	D	0.09%
	G	B	0.09%
	MTCH	D	0.09%
	CHRD	D	0.09%
	SEIC	B	0.09%
	CZR	F	0.09%
	SNV	B	0.09%
	APG	B	0.09%
	APA	D	0.09%
	TKO	B	0.09%
	LECO	B	0.09%
	CFR	B	0.09%
	FICO	B	0.09%
	VOYA	B	0.09%
	WAT	B	0.09%
	RIVN	F	0.09%
	RL	B	0.09%
	GPK	C	0.09%
	NYT	C	0.09%
	TTC	D	0.09%
	CR	A	0.09%
	MTZ	B	0.09%
	WYNN	D	0.09%
	CBSH	A	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%
	FND	C	0.08%
	SSD	D	0.08%
	ALGN	F	0.08%
	ATI	D	0.08%
	ESAB	B	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%
	PB	A	0.08%
	ADC	B	0.08%
	JAZZ	B	0.08%
	HII	D	0.08%
	BERY	B	0.08%
	LNC	B	0.07%
	WHR	B	0.07%
	VNT	B	0.07%
	RGEN	D	0.07%
	S	B	0.07%
	WBA	F	0.07%
	ARW	D	0.07%
	BIO	D	0.07%
	BEN	C	0.07%
	QRVO	F	0.07%
	COLD	D	0.07%
	MTDR	B	0.07%
	MAT	D	0.07%
	NOV	C	0.07%
	SIRI	C	0.07%
	MSA	D	0.07%
	KD	B	0.07%
	PARA	C	0.07%
	IVZ	B	0.07%
	CGNX	C	0.07%
	BILL	A	0.07%
	OKTA	C	0.07%
	COLB	A	0.07%
	FAF	A	0.07%
	MKSI	C	0.07%
	HR	C	0.07%
	WEX	D	0.07%
	AZPN	A	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%
	AL	B	0.06%
	BFAM	D	0.06%
	OZK	B	0.06%
	CCCS	B	0.06%
	SN	D	0.06%
	LEA	D	0.06%
	EXAS	D	0.06%
	BC	C	0.06%
	GNRC	B	0.06%
	LITE	B	0.06%
	RITM	C	0.06%
	THO	B	0.06%
	OLLI	D	0.06%
	DOCS	C	0.06%
	FOX	A	0.06%
	PVH	C	0.06%
	H	B	0.06%
	WMS	D	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%
	PAYC	B	0.05%
	AN	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%
	CUZ	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%
	WTM	A	0.05%
	ZG	A	0.04%
	ALNY	D	0.04%
	MASI	A	0.04%
	ACHC	F	0.04%
	FHB	A	0.04%
	UHAL	D	0.04%
	IAC	D	0.04%
	PII	D	0.04%
	NVST	B	0.04%
	W	F	0.04%
	NWS	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%
	MSGS	A	0.04%
	DXC	B	0.04%
	PLNT	A	0.04%
	RH	B	0.04%
	OLED	D	0.04%
	TYL	C	0.04%
	OGN	D	0.04%
	LINE	F	0.04%
	SITE	D	0.04%
	GFS	C	0.04%
	HAYW	B	0.03%
	JWN	C	0.03%
	YETI	C	0.03%
	ULTA	F	0.03%
	PINC	B	0.03%
	ALGM	D	0.03%
	BR	A	0.03%
	CPRI	F	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%
	COTY	F	0.03%
	CXT	B	0.03%
	COLM	B	0.03%
	SEE	C	0.03%
	ECG	C	0.03%
	U	C	0.03%
	AMED	F	0.03%
	AMKR	D	0.03%
	MAN	D	0.03%
	SNRE	D	0.03%
	LLYVK	A	0.03%
	BROS	B	0.03%
	SPR	D	0.03%
	AMTM	D	0.03%
	BHF	B	0.03%
	VAC	B	0.03%
	PENN	C	0.03%
	ZI	D	0.03%
	TER	D	0.02%
	TRIP	F	0.02%
	SNDR	B	0.02%
	REYN	D	0.02%
	WEN	D	0.02%
	EXEL	B	0.02%
	UA	B	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%
	UAA	C	0.02%
	PSTG	D	0.02%
	RKT	F	0.02%
	AZEK	A	0.02%
	LCID	F	0.02%
	ETSY	D	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	IPGP	D	0.02%
	QDEL	F	0.02%
	LYFT	C	0.02%
	LBTYA	A	0.02%
	BRKR	D	0.02%
	GLOB	B	0.02%
	SHC	F	0.02%
	AZTA	D	0.02%
	ADT	C	0.02%
	AAP	C	0.02%
	RCM	F	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%
	WOLF	F	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%
	UHAL	D	0.0%
	GRAL	C	0.0%
	LAZ	B	0.0%
	IONS	F	0.0%

IWS Underweight 118 Positions Relative to JPUS

	Symbol	Grade	Weight
	VST	B	-0.64%
	TRGP	B	-0.5%
	ANET	C	-0.47%
	TMUS	B	-0.47%
	MCK	B	-0.46%
	COF	B	-0.45%
	NVDA	C	-0.45%
	ETN	A	-0.43%
	MSI	B	-0.43%
	CEG	D	-0.42%
	APH	A	-0.42%
	CMCSA	B	-0.42%
	META	D	-0.42%
	XOM	B	-0.41%
	CSCO	B	-0.41%
	ORCL	B	-0.41%
	WM	A	-0.41%
	RSG	A	-0.4%
	VLO	C	-0.4%
	T	A	-0.4%
	WELL	A	-0.4%
	BRK.A	B	-0.39%
	PM	B	-0.39%
	PH	A	-0.39%
	MO	A	-0.39%
	PGR	A	-0.39%
	COR	B	-0.39%
	AVGO	D	-0.38%
	VZ	C	-0.38%
	LOW	D	-0.37%
	SRE	A	-0.37%
	DVA	B	-0.37%
	ORLY	B	-0.37%
	VRTX	F	-0.37%
	SO	D	-0.37%
	GD	F	-0.36%
	INTU	C	-0.36%
	AAPL	C	-0.36%
	SCCO	F	-0.36%
	DUK	C	-0.36%
	LMT	D	-0.36%
	MPC	D	-0.36%
	CVS	D	-0.36%
	PG	A	-0.36%
	GILD	C	-0.35%
	MSFT	F	-0.35%
	CI	F	-0.35%
	PSX	C	-0.35%
	AMGN	D	-0.35%
	CLX	B	-0.35%
	ADI	D	-0.35%
	AZO	C	-0.35%
	CVX	A	-0.35%
	PSA	D	-0.34%
	D	C	-0.34%
	ITW	B	-0.34%
	KHC	F	-0.34%
	TJX	A	-0.34%
	HCA	F	-0.34%
	TSCO	D	-0.34%
	KMB	D	-0.34%
	UNH	C	-0.34%
	PEP	F	-0.34%
	CDNS	B	-0.33%
	MDLZ	F	-0.33%
	LLY	F	-0.33%
	ABBV	D	-0.33%
	KO	D	-0.33%
	BAH	F	-0.32%
	KLAC	D	-0.32%
	EOG	A	-0.32%
	IT	C	-0.32%
	ACN	C	-0.32%
	CL	D	-0.32%
	BAC	A	-0.31%
	AMAT	F	-0.31%
	ABT	B	-0.31%
	AEP	D	-0.31%
	STZ	D	-0.31%
	QCOM	F	-0.3%
	IBM	C	-0.3%
	ECL	D	-0.29%
	CAT	B	-0.28%
	COP	C	-0.28%
	SYK	C	-0.28%
	LIN	D	-0.28%
	ZTS	D	-0.27%
	UNP	C	-0.27%
	CB	C	-0.27%
	DHR	F	-0.27%
	MRK	F	-0.26%
	KDP	D	-0.26%
	REGN	F	-0.26%
	ELV	F	-0.26%
	LRCX	F	-0.26%
	FCX	D	-0.25%
	BMY	B	-0.25%
	TGT	F	-0.24%
	MDT	D	-0.23%
	APO	B	-0.23%
	F	C	-0.19%
	BDX	F	-0.19%
	MEDP	D	-0.19%
	NEM	D	-0.18%
	BKNG	A	-0.18%
	TMO	F	-0.15%
	CSX	B	-0.13%
	VVV	F	-0.11%
	USB	A	-0.11%
	GOOGL	C	-0.11%
	OXY	D	-0.1%
	CARR	D	-0.09%
	PCAR	B	-0.06%
	NKE	D	-0.06%
	ADBE	C	-0.05%
	MMC	B	-0.05%
	MNST	C	-0.03%
	PLD	D	-0.01%

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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband