IWS vs. PBP ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to PowerShares S&P 500 BuyWrite Portfolio (PBP)

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

$119.53

Average Daily Volume

283,248

Number of Holdings ^*

696

* may have additional holdings in another (foreign) market

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500Â® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$22.28

Average Daily Volume

32,162

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	IWS	PBP
30 Days	-2.65%	2.05%
60 Days	0.14%	2.91%
90 Days	-2.73%	1.61%
12 Months	10.68%	8.59%

267 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in PBP	Overlap
A	D	0.09%	0.09%	0.09%
AAL	F	0.06%	0.02%	0.02%
ACGL	B	0.4%	0.08%	0.08%
AEE	D	0.24%	0.04%	0.04%
AES	D	0.06%	0.03%	0.03%
AFL	B	0.67%	0.1%	0.1%
AIZ	D	0.11%	0.02%	0.02%
AJG	B	0.68%	0.12%	0.12%
AKAM	F	0.17%	0.03%	0.03%
ALB	F	0.14%	0.02%	0.02%
ALL	C	0.54%	0.09%	0.09%
ALLE	D	0.01%	0.02%	0.01%
AMCR	C	0.18%	0.03%	0.03%
AME	D	0.49%	0.09%	0.09%
ANSS	D	0.06%	0.06%	0.06%
AOS	D	0.11%	0.02%	0.02%
APA	D	0.04%	0.02%	0.02%
APH	B	0.5%	0.18%	0.18%
APTV	F	0.24%	0.04%	0.04%
ARE	C	0.26%	0.04%	0.04%
ATO	C	0.23%	0.04%	0.04%
AVB	A	0.38%	0.06%	0.06%
AVY	C	0.16%	0.04%	0.04%
AWK	C	0.32%	0.06%	0.06%
BALL	D	0.24%	0.04%	0.04%
BAX	F	0.22%	0.04%	0.04%
BBWI	F	0.11%	0.02%	0.02%
BBY	B	0.18%	0.04%	0.04%
BEN	F	0.09%	0.02%	0.02%
BG	B	0.2%	0.03%	0.03%
BIIB	C	0.42%	0.07%	0.07%
BIO	F	0.07%	0.01%	0.01%
BK	A	0.58%	0.1%	0.1%
BKR	B	0.44%	0.08%	0.08%
BLDR	F	0.22%	0.04%	0.04%
BR	C	0.05%	0.05%	0.05%
BRO	B	0.17%	0.05%	0.05%
BWA	F	0.1%	0.02%	0.02%
BXP	B	0.12%	0.02%	0.02%
CAG	D	0.17%	0.03%	0.03%
CAH	D	0.15%	0.06%	0.06%
CARR	C	0.68%	0.12%	0.12%
CBRE	C	0.35%	0.06%	0.06%
CCL	B	0.24%	0.04%	0.04%
CDW	D	0.02%	0.07%	0.02%
CE	F	0.17%	0.03%	0.03%
CEG	C	0.85%	0.15%	0.15%
CF	D	0.19%	0.03%	0.03%
CFG	C	0.21%	0.03%	0.03%
CHD	C	0.03%	0.06%	0.03%
CHRW	B	0.03%	0.02%	0.02%
CINF	C	0.23%	0.04%	0.04%
CMI	D	0.49%	0.09%	0.09%
CMS	D	0.22%	0.04%	0.04%
CNP	B	0.25%	0.04%	0.04%
CPAY	D	0.02%	0.04%	0.02%
CPB	B	0.11%	0.02%	0.02%
CPT	A	0.15%	0.03%	0.03%
CRL	F	0.14%	0.02%	0.02%
CSGP	D	0.22%	0.07%	0.07%
CTAS	B	0.09%	0.14%	0.09%
CTLT	B	0.13%	0.02%	0.02%
CTRA	D	0.26%	0.05%	0.05%
CTSH	C	0.44%	0.08%	0.08%
CTVA	C	0.49%	0.08%	0.08%
CZR	C	0.06%	0.02%	0.02%
DAL	D	0.38%	0.07%	0.07%
DAY	F	0.09%	0.02%	0.02%
DD	B	0.44%	0.07%	0.07%
DFS	A	0.4%	0.07%	0.07%
DGX	D	0.2%	0.03%	0.03%
DHI	D	0.55%	0.09%	0.09%
DLR	A	0.6%	0.1%	0.1%
DLTR	D	0.28%	0.05%	0.05%
DOC	B	0.17%	0.03%	0.03%
DOV	C	0.32%	0.05%	0.05%
DRI	D	0.12%	0.04%	0.04%
DTE	D	0.29%	0.05%	0.05%
DVN	C	0.39%	0.07%	0.07%
EA	B	0.49%	0.08%	0.08%
EBAY	B	0.33%	0.06%	0.06%
ED	D	0.4%	0.07%	0.07%
EFX	B	0.12%	0.06%	0.06%
EG	B	0.18%	0.04%	0.04%
EIX	D	0.35%	0.06%	0.06%
EMN	D	0.15%	0.03%	0.03%
EQR	A	0.33%	0.05%	0.05%
EQT	D	0.17%	0.04%	0.04%
ES	D	0.26%	0.04%	0.04%
ESS	B	0.22%	0.04%	0.04%
ETR	D	0.29%	0.05%	0.05%
ETSY	F	0.04%	0.02%	0.02%
EVRG	D	0.15%	0.03%	0.03%
EXPD	B	0.2%	0.04%	0.04%
EXPE	C	0.06%	0.04%	0.04%
EXR	B	0.42%	0.07%	0.07%
FANG	C	0.46%	0.08%	0.08%
FAST	D	0.12%	0.08%	0.08%
FE	D	0.27%	0.04%	0.04%
FFIV	C	0.13%	0.02%	0.02%
FIS	C	0.57%	0.09%	0.09%
FITB	C	0.31%	0.05%	0.05%
FMC	D	0.08%	0.02%	0.02%
FOX	B	0.06%	0.01%	0.01%
FOXA	B	0.11%	0.02%	0.02%
FRT	C	0.11%	0.02%	0.02%
FSLR	C	0.34%	0.06%	0.06%
FTV	D	0.33%	0.06%	0.06%
GDDY	A	0.1%	0.04%	0.04%
GL	C	0.09%	0.02%	0.02%
GLW	B	0.38%	0.07%	0.07%
GNRC	D	0.1%	0.02%	0.02%
GPC	D	0.25%	0.04%	0.04%
GPN	F	0.32%	0.05%	0.05%
GRMN	B	0.32%	0.05%	0.05%
HAL	F	0.31%	0.07%	0.07%
HAS	D	0.1%	0.02%	0.02%
HBAN	C	0.24%	0.04%	0.04%
HES	C	0.23%	0.09%	0.09%
HIG	C	0.39%	0.07%	0.07%
HII	D	0.13%	0.02%	0.02%
HLT	B	0.37%	0.12%	0.12%
HOLX	C	0.22%	0.04%	0.04%
HPE	B	0.35%	0.06%	0.06%
HPQ	B	0.31%	0.07%	0.07%
HRL	F	0.11%	0.02%	0.02%
HSIC	D	0.11%	0.02%	0.02%
HST	D	0.16%	0.03%	0.03%
HUBB	D	0.14%	0.05%	0.05%
HWM	C	0.39%	0.07%	0.07%
IEX	D	0.18%	0.03%	0.03%
IFF	C	0.31%	0.05%	0.05%
INCY	B	0.04%	0.03%	0.03%
INVH	A	0.28%	0.04%	0.04%
IP	B	0.19%	0.04%	0.04%
IPG	F	0.14%	0.02%	0.02%
IQV	D	0.04%	0.08%	0.04%
IR	C	0.47%	0.08%	0.08%
IRM	A	0.15%	0.06%	0.06%
IVZ	D	0.07%	0.01%	0.01%
J	D	0.23%	0.04%	0.04%
JBHT	F	0.13%	0.03%	0.03%
JBL	F	0.06%	0.03%	0.03%
JKHY	C	0.11%	0.03%	0.03%
JNPR	A	0.15%	0.03%	0.03%
K	D	0.19%	0.03%	0.03%
KEY	C	0.16%	0.03%	0.03%
KEYS	F	0.22%	0.05%	0.05%
KIM	B	0.16%	0.03%	0.03%
KKR	B	0.68%	0.16%	0.16%
KMX	C	0.14%	0.02%	0.02%
KR	C	0.42%	0.07%	0.07%
L	D	0.18%	0.03%	0.03%
LDOS	B	0.26%	0.04%	0.04%
LEN	D	0.46%	0.08%	0.08%
LEN	D	0.02%	0.08%	0.02%
LKQ	F	0.14%	0.02%	0.02%
LNT	B	0.17%	0.03%	0.03%
LUV	B	0.22%	0.04%	0.04%
LW	F	0.01%	0.03%	0.01%
LYB	D	0.32%	0.05%	0.05%
LYV	C	0.14%	0.03%	0.03%
MAA	B	0.21%	0.04%	0.04%
MAS	D	0.19%	0.03%	0.03%
MCHP	C	0.17%	0.11%	0.11%
MGM	B	0.15%	0.02%	0.02%
MHK	D	0.07%	0.01%	0.01%
MKC	C	0.23%	0.04%	0.04%
MLM	D	0.43%	0.07%	0.07%
MOH	F	0.1%	0.04%	0.04%
MOS	F	0.12%	0.02%	0.02%
MRO	B	0.21%	0.04%	0.04%
MSCI	F	0.24%	0.08%	0.08%
MTB	B	0.32%	0.05%	0.05%
MTCH	F	0.01%	0.02%	0.01%
NCLH	B	0.08%	0.02%	0.02%
NDAQ	D	0.29%	0.05%	0.05%
NDSN	D	0.17%	0.03%	0.03%
NI	B	0.15%	0.03%	0.03%
NRG	C	0.23%	0.04%	0.04%
NTAP	A	0.21%	0.06%	0.06%
NTRS	C	0.22%	0.04%	0.04%
NUE	D	0.49%	0.08%	0.08%
NVR	C	0.26%	0.06%	0.06%
NWS	B	0.04%	0.01%	0.01%
NWSA	B	0.14%	0.02%	0.02%
O	D	0.56%	0.1%	0.1%
ODFL	D	0.03%	0.07%	0.03%
OKE	A	0.57%	0.1%	0.1%
OMC	D	0.23%	0.04%	0.04%
ON	D	0.38%	0.06%	0.06%
OTIS	C	0.48%	0.08%	0.08%
PARA	D	0.08%	0.01%	0.01%
PCAR	D	0.69%	0.12%	0.12%
PCG	D	0.46%	0.08%	0.08%
PEG	A	0.47%	0.08%	0.08%
PFG	D	0.24%	0.04%	0.04%
PH	D	0.83%	0.14%	0.14%
PHM	D	0.3%	0.05%	0.05%
PKG	B	0.21%	0.04%	0.04%
PNR	D	0.16%	0.03%	0.03%
PNW	C	0.11%	0.02%	0.02%
PPG	F	0.28%	0.06%	0.06%
PPL	D	0.26%	0.04%	0.04%
PRU	B	0.55%	0.09%	0.09%
PSX	C	0.79%	0.13%	0.13%
PTC	C	0.13%	0.05%	0.05%
PWR	C	0.36%	0.09%	0.09%
QRVO	B	0.14%	0.02%	0.02%
RCL	B	0.34%	0.08%	0.08%
REG	B	0.14%	0.02%	0.02%
RF	B	0.23%	0.04%	0.04%
RJF	C	0.3%	0.05%	0.05%
RL	C	0.09%	0.02%	0.02%
ROST	B	0.04%	0.11%	0.04%
RSG	A	0.52%	0.09%	0.09%
SBAC	F	0.24%	0.04%	0.04%
SJM	D	0.14%	0.02%	0.02%
SNA	F	0.17%	0.03%	0.03%
SPG	B	0.49%	0.11%	0.11%
STE	C	0.28%	0.05%	0.05%
STLD	C	0.24%	0.04%	0.04%
STT	C	0.28%	0.05%	0.05%
SWK	F	0.16%	0.03%	0.03%
SWKS	B	0.22%	0.04%	0.04%
SYF	A	0.23%	0.04%	0.04%
TAP	F	0.11%	0.02%	0.02%
TDG	C	0.73%	0.16%	0.16%
TDY	D	0.23%	0.04%	0.04%
TECH	D	0.01%	0.03%	0.01%
TER	B	0.05%	0.05%	0.05%
TFX	C	0.12%	0.02%	0.02%
TPR	B	0.11%	0.02%	0.02%
TRMB	D	0.17%	0.03%	0.03%
TROW	B	0.33%	0.06%	0.06%
TSN	C	0.2%	0.04%	0.04%
TT	C	0.69%	0.17%	0.17%
TTWO	B	0.33%	0.06%	0.06%
TXT	D	0.22%	0.04%	0.04%
TYL	A	0.06%	0.05%	0.05%
UAL	D	0.2%	0.03%	0.03%
UDR	B	0.16%	0.03%	0.03%
UHS	B	0.15%	0.03%	0.03%
URI	C	0.43%	0.09%	0.09%
VICI	D	0.38%	0.06%	0.06%
VMC	D	0.33%	0.07%	0.07%
VRSN	D	0.19%	0.03%	0.03%
VST	C	0.28%	0.06%	0.06%
VTR	A	0.26%	0.04%	0.04%
VTRS	D	0.16%	0.03%	0.03%
WAB	D	0.37%	0.06%	0.06%
WBA	F	0.11%	0.02%	0.02%
WBD	F	0.21%	0.04%	0.04%
WDC	B	0.32%	0.05%	0.05%
WEC	D	0.32%	0.05%	0.05%
WELL	A	0.74%	0.13%	0.13%
WMB	A	0.66%	0.11%	0.11%
WRB	B	0.21%	0.04%	0.04%
WRK	D	0.16%	0.03%	0.03%
WTW	B	0.31%	0.06%	0.06%
WY	F	0.27%	0.05%	0.05%
WYNN	D	0.11%	0.02%	0.02%
XEL	D	0.38%	0.07%	0.07%
XYL	D	0.37%	0.07%	0.07%
YUM	D	0.06%	0.08%	0.06%
ZBH	F	0.29%	0.05%	0.05%
ZBRA	C	0.16%	0.03%	0.03%

IWS Overweight 429 Positions Relative to PBP

Symbol	Grade	Weight
MRVL	B	0.75%
COIN	C	0.49%
FERG	D	0.48%
VRT	D	0.36%
ICLR	B	0.28%
SQ	D	0.28%
MKL	C	0.27%
CSL	C	0.26%
ENTG	B	0.24%
COO	D	0.22%
LII	B	0.22%
LH	C	0.22%
RS	D	0.21%
WSM	C	0.21%
FCNCA	C	0.21%
OC	C	0.2%
AVTR	D	0.19%
ZM	D	0.19%
BMRN	C	0.18%
RGA	B	0.18%
THC	B	0.18%
FWONK	C	0.18%
HOOD	B	0.18%
UTHR	A	0.18%
TRU	D	0.18%
RVTY	D	0.17%
OKTA	C	0.17%
SSNC	B	0.17%
USFD	C	0.16%
WPC	D	0.16%
ACM	D	0.16%
AMH	A	0.16%
CASY	B	0.16%
APP	B	0.16%
NVT	D	0.16%
IBKR	A	0.16%
FNF	D	0.15%
EME	C	0.15%
BLD	D	0.15%
GLPI	C	0.15%
SUI	C	0.15%
DKS	C	0.15%
GEN	B	0.15%
CLH	B	0.15%
WSO	C	0.15%
XPO	C	0.15%
ILMN	F	0.15%
TOL	D	0.15%
ITT	D	0.14%
WWD	C	0.14%
ALLY	B	0.14%
SAIA	B	0.14%
RPM	D	0.14%
GWRE	A	0.14%
FTI	C	0.14%
NLY	C	0.13%
RPRX	F	0.13%
CUBE	B	0.13%
CNH	F	0.13%
EWBC	C	0.13%
CHK	D	0.13%
CW	C	0.13%
NTNX	C	0.13%
JEF	A	0.12%
AFG	D	0.12%
DOX	D	0.12%
RRX	F	0.12%
QGEN	D	0.12%
AR	D	0.12%
COHR	B	0.12%
REXR	C	0.12%
WTRG	D	0.12%
TTEK	C	0.12%
ATR	D	0.12%
NU	B	0.12%
CACI	B	0.12%
JLL	B	0.12%
RIVN	C	0.12%
RGLD	C	0.11%
FBIN	F	0.11%
FHN	C	0.11%
OHI	A	0.11%
CG	D	0.11%
DINO	D	0.11%
CNM	D	0.11%
RNR	C	0.11%
MKSI	B	0.11%
SKX	C	0.11%
ARMK	B	0.11%
SWN	D	0.1%
DASH	D	0.1%
NOV	C	0.1%
CLF	D	0.1%
AYI	D	0.1%
INGR	D	0.1%
BJ	B	0.1%
KNX	C	0.1%
ACI	F	0.1%
RBC	C	0.1%
EGP	B	0.1%
NNN	B	0.1%
ELS	C	0.1%
GGG	D	0.1%
GNTX	D	0.1%
RRC	D	0.1%
TWLO	D	0.1%
SNX	D	0.1%
SF	A	0.1%
EHC	B	0.1%
ORI	D	0.1%
UNM	C	0.1%
CGNX	B	0.1%
TW	D	0.1%
NYT	A	0.1%
X	C	0.1%
CCK	F	0.1%
LEA	F	0.09%
GME	C	0.09%
AXTA	D	0.09%
AGNC	B	0.09%
OVV	C	0.09%
MTZ	C	0.09%
CRUS	A	0.09%
BERY	D	0.09%
AFRM	F	0.09%
LAD	D	0.09%
AA	C	0.09%
BRX	B	0.09%
VOYA	D	0.09%
DTM	A	0.09%
OSK	D	0.09%
EVR	A	0.09%
CIEN	C	0.09%
CR	C	0.09%
WCC	D	0.09%
OWL	C	0.09%
COLD	C	0.09%
ELAN	D	0.09%
KEX	B	0.09%
WBS	C	0.09%
OGE	D	0.09%
BWXT	B	0.09%
Z	C	0.09%
PNFP	C	0.08%
MTG	B	0.08%
WTFC	C	0.08%
CFR	C	0.08%
FCN	C	0.08%
KD	B	0.08%
AZEK	D	0.08%
ESI	B	0.08%
ADC	B	0.08%
ACHC	F	0.08%
ALNY	B	0.08%
ALSN	C	0.08%
SAIC	D	0.08%
MTN	F	0.08%
BPOP	C	0.08%
ZION	C	0.08%
LFUS	C	0.08%
TPX	D	0.08%
FR	C	0.08%
SOFI	F	0.08%
AGCO	F	0.08%
HLI	A	0.08%
FLS	D	0.08%
PVH	F	0.08%
FYBR	B	0.08%
STAG	B	0.08%
HR	B	0.08%
SEIC	D	0.08%
RHI	F	0.08%
ROKU	D	0.08%
ARW	D	0.08%
H	B	0.08%
SCI	C	0.08%
MIDD	F	0.08%
CBSH	C	0.08%
WAL	C	0.08%
SON	F	0.07%
MDU	C	0.07%
M	D	0.07%
BILL	F	0.07%
AMG	D	0.07%
EXAS	F	0.07%
LPX	D	0.07%
RITM	D	0.07%
POST	C	0.07%
PB	C	0.07%
VMI	B	0.07%
OGN	C	0.07%
XRAY	F	0.07%
WSC	F	0.07%
OLED	A	0.07%
XP	F	0.07%
BFAM	C	0.07%
SRCL	A	0.07%
R	B	0.07%
HXL	D	0.07%
WHR	C	0.07%
FAF	D	0.07%
ESAB	D	0.07%
OMF	D	0.07%
KBR	D	0.07%
AZPN	D	0.07%
PFGC	D	0.07%
SNV	A	0.07%
AXS	B	0.07%
ST	D	0.07%
CMA	C	0.07%
WH	C	0.07%
STWD	D	0.07%
DAR	D	0.07%
OLN	F	0.07%
GXO	D	0.07%
MAT	F	0.07%
AIRC	A	0.07%
MSA	B	0.07%
GMED	B	0.07%
OZK	D	0.06%
S	C	0.06%
LNC	B	0.06%
RLI	D	0.06%
WTM	C	0.06%
THG	C	0.06%
AN	C	0.06%
CCCS	D	0.06%
VNO	B	0.06%
BC	F	0.06%
JHG	B	0.06%
DLB	C	0.06%
AVT	C	0.06%
IDA	D	0.06%
GFS	C	0.06%
UGI	D	0.06%
GPS	B	0.06%
ASH	D	0.06%
THO	D	0.06%
WLK	D	0.06%
FNB	C	0.06%
VFC	D	0.06%
TKR	D	0.06%
NFG	D	0.06%
LBRDK	C	0.06%
AL	D	0.06%
DCI	D	0.06%
ALK	D	0.06%
AWI	D	0.05%
KMPR	C	0.05%
MSM	F	0.05%
KRC	D	0.05%
SITE	F	0.05%
CPRI	D	0.05%
DXC	C	0.05%
UHAL	D	0.05%
AAP	F	0.05%
GPK	D	0.05%
HUN	F	0.05%
COTY	F	0.05%
PII	F	0.05%
RGEN	F	0.05%
BYD	F	0.05%
BEPC	C	0.05%
VNT	D	0.05%
COLB	C	0.05%
WEX	D	0.05%
LAZ	C	0.05%
FRPT	B	0.05%
OLLI	A	0.05%
VVV	B	0.05%
PSTG	B	0.05%
FLO	D	0.05%
HOG	F	0.05%
AGO	B	0.05%
G	D	0.05%
RYN	D	0.05%
SLM	C	0.04%
HRB	A	0.04%
CNXC	C	0.04%
MPW	F	0.04%
RUN	D	0.04%
PENN	C	0.04%
WOLF	F	0.04%
AZTA	D	0.04%
GTES	D	0.04%
W	F	0.04%
LOPE	C	0.04%
PAG	D	0.04%
AMED	A	0.04%
VAC	F	0.04%
U	F	0.04%
CXT	C	0.04%
PRI	B	0.04%
EPR	C	0.04%
NSA	B	0.04%
PK	C	0.04%
RH	D	0.04%
CACC	C	0.04%
JAZZ	F	0.04%
NEU	D	0.04%
PLNT	B	0.04%
LITE	B	0.04%
LSXMK	D	0.04%
RBA	B	0.04%
MAN	D	0.04%
AM	B	0.04%
NXST	C	0.04%
SPR	B	0.04%
CUZ	D	0.04%
CC	F	0.04%
MSGS	B	0.04%
PRGO	D	0.04%
IAC	F	0.04%
SLGN	D	0.04%
ADT	B	0.03%
IART	C	0.03%
NCNO	B	0.03%
SEE	F	0.03%
GO	D	0.03%
HHH	F	0.03%
TPG	D	0.03%
CWEN	D	0.03%
PINC	F	0.03%
NYCB	F	0.03%
CRI	F	0.03%
TNDM	D	0.03%
CHE	D	0.03%
ENOV	F	0.03%
EEFT	D	0.03%
LAMR	A	0.03%
JWN	B	0.03%
ICUI	C	0.03%
NWL	F	0.03%
IPGP	F	0.03%
ZG	C	0.03%
DNB	D	0.03%
BOKF	C	0.03%
WU	D	0.03%
AGR	C	0.03%
EXP	F	0.03%
SPB	D	0.03%
BHF	D	0.03%
KSS	F	0.03%
FHB	C	0.03%
NVST	F	0.03%
CLVT	F	0.03%
HIW	B	0.03%
COLM	D	0.03%
AMC	C	0.02%
PLUG	F	0.02%
INFA	B	0.02%
UAA	D	0.02%
SNDR	B	0.02%
CAR	F	0.02%
MP	F	0.02%
LSTR	B	0.02%
UA	D	0.02%
VSTS	F	0.02%
LEG	F	0.02%
MRCY	D	0.02%
HEI	B	0.02%
VSAT	F	0.02%
FWONA	C	0.02%
REYN	D	0.02%
LSXMA	D	0.02%
PPC	A	0.02%
VYX	D	0.02%
TDOC	F	0.02%
HAYW	F	0.02%
TNL	C	0.02%
DOCS	B	0.02%
QS	F	0.02%
NATL	A	0.02%
LLYVK	C	0.02%
SIRI	D	0.02%
CABO	F	0.02%
PHIN	D	0.02%
QDEL	F	0.02%
ZI	F	0.02%
FTRE	D	0.02%
EXEL	B	0.02%
TRIP	F	0.02%
RCM	B	0.02%
VIRT	B	0.02%
LCID	F	0.02%
DNA	F	0.01%
PYCR	D	0.01%
SHC	C	0.01%
HTZ	F	0.01%
UWMC	C	0.01%
MUSA	B	0.01%
MCW	D	0.01%
TFSL	C	0.01%
DBX	D	0.01%
SEB	D	0.01%
LECO	F	0.01%
LLYVA	C	0.01%
LBRDA	C	0.01%
BSY	D	0.01%
DRVN	C	0.01%
VSCO	F	0.01%
CWEN	D	0.01%
SSRM	F	0.01%
IONS	B	0.01%
BIRK	B	0.01%
HCP	A	0.01%
CAVA	A	0.01%
HE	F	0.01%
HEI	B	0.01%
CERT	F	0.01%
KLG	F	0.01%
RKT	C	0.01%
PATH	D	0.01%
CNA	A	0.01%
RNAC	D	0.0%
PLTK	F	0.0%
UI	B	0.0%
OLPX	D	0.0%
PARAA	D	0.0%
ROIV	C	0.0%
CART	F	0.0%
IRDM	F	0.0%
AGL	D	0.0%
WOOF	C	0.0%
SAM	C	0.0%
GRAL	D	0.0%
MRVI	F	0.0%
UHAL	D	0.0%
NLOP	B	0.0%

IWS Underweight 230 Positions Relative to PBP

Symbol	Grade	Weight
MSFT	A	-7.35%
NVDA	B	-6.8%
AAPL	A	-6.61%
AMZN	A	-3.74%
META	B	-2.45%
GOOGL	A	-2.37%
GOOG	A	-1.99%
BRK.A	C	-1.63%
LLY	A	-1.59%
AVGO	B	-1.51%
JPM	A	-1.25%
TSLA	B	-1.14%
XOM	C	-1.12%
UNH	D	-0.98%
V	D	-0.94%
PG	C	-0.86%
COST	B	-0.83%
MA	D	-0.82%
JNJ	F	-0.78%
HD	C	-0.74%
MRK	C	-0.74%
ABBV	B	-0.66%
NFLX	B	-0.64%
WMT	B	-0.63%
BAC	A	-0.59%
CVX	C	-0.59%
AMD	C	-0.57%
KO	A	-0.54%
ADBE	B	-0.52%
CRM	D	-0.51%
QCOM	B	-0.5%
PEP	D	-0.5%
ORCL	A	-0.49%
TMO	D	-0.47%
LIN	C	-0.46%
WFC	C	-0.44%
AMAT	B	-0.43%
CSCO	C	-0.42%
ACN	C	-0.42%
MCD	F	-0.41%
DIS	D	-0.41%
ABT	D	-0.4%
INTU	B	-0.39%
TXN	B	-0.39%
AMGN	B	-0.38%
VZ	A	-0.38%
GE	D	-0.38%
DHR	D	-0.37%
PM	A	-0.35%
PFE	B	-0.35%
IBM	B	-0.35%
CAT	C	-0.35%
NOW	B	-0.34%
MU	B	-0.34%
ISRG	B	-0.34%
UBER	B	-0.33%
NEE	D	-0.33%
CMCSA	F	-0.33%
GS	A	-0.32%
HON	B	-0.31%
SPGI	B	-0.31%
COP	D	-0.3%
BKNG	B	-0.3%
RTX	D	-0.3%
UNP	D	-0.3%
LRCX	B	-0.3%
INTC	F	-0.29%
AXP	C	-0.29%
T	A	-0.29%
TJX	A	-0.28%
ETN	D	-0.28%
PGR	C	-0.27%
MS	B	-0.27%
VRTX	B	-0.27%
ELV	B	-0.27%
LOW	D	-0.27%
C	C	-0.26%
REGN	A	-0.25%
BSX	B	-0.25%
ADI	B	-0.25%
NKE	F	-0.25%
SYK	B	-0.25%
SCHW	C	-0.24%
KLAC	B	-0.24%
BLK	B	-0.24%
PANW	B	-0.23%
MMC	B	-0.23%
MDT	D	-0.23%
CB	C	-0.23%
LMT	A	-0.22%
BA	C	-0.22%
ADP	D	-0.22%
PLD	C	-0.22%
DE	F	-0.21%
CI	D	-0.21%
UPS	F	-0.21%
CRWD	A	-0.2%
BX	B	-0.2%
SBUX	F	-0.2%
AMT	B	-0.2%
SNPS	B	-0.2%
MDLZ	D	-0.2%
TMUS	A	-0.2%
CDNS	B	-0.19%
ANET	A	-0.19%
SO	C	-0.19%
BMY	F	-0.19%
GILD	C	-0.19%
CMG	C	-0.19%
CL	B	-0.18%
CVS	D	-0.17%
ZTS	C	-0.17%
DUK	D	-0.17%
WM	B	-0.17%
ICE	A	-0.17%
MCK	B	-0.17%
MO	A	-0.17%
EQIX	C	-0.16%
FCX	D	-0.16%
EOG	C	-0.16%
ABNB	C	-0.15%
GD	C	-0.15%
MCO	A	-0.15%
BDX	D	-0.15%
SLB	D	-0.15%
TGT	D	-0.15%
SHW	D	-0.15%
NXPI	B	-0.15%
CME	D	-0.15%
EMR	D	-0.14%
PYPL	F	-0.14%
USB	C	-0.14%
ORLY	C	-0.14%
AON	C	-0.14%
CSX	C	-0.14%
ITW	D	-0.14%
MSI	A	-0.14%
HCA	C	-0.14%
FDX	A	-0.13%
MAR	B	-0.13%
APD	D	-0.13%
ROP	A	-0.13%
NOC	D	-0.13%
PNC	C	-0.13%
ECL	B	-0.13%
MPC	C	-0.13%
AZO	C	-0.12%
GM	B	-0.12%
EW	B	-0.12%
MMM	B	-0.12%
NEM	B	-0.11%
CPRT	C	-0.11%
NSC	D	-0.11%
AIG	D	-0.11%
TFC	C	-0.11%
GEV	B	-0.11%
VLO	C	-0.11%
COF	C	-0.11%
ADSK	B	-0.11%
DXCM	D	-0.1%
AMP	C	-0.1%
JCI	D	-0.1%
PSA	B	-0.1%
AEP	D	-0.1%
TEL	B	-0.1%
MRNA	D	-0.1%
KMB	B	-0.1%
F	C	-0.1%
TRV	D	-0.1%
SRE	B	-0.1%
KMI	A	-0.09%
VRSK	B	-0.09%
GWW	D	-0.09%
PAYX	D	-0.09%
MPWR	B	-0.09%
IDXX	D	-0.09%
D	D	-0.09%
CCI	D	-0.09%
OXY	C	-0.09%
STZ	B	-0.09%
LHX	B	-0.09%
MET	D	-0.09%
HUM	C	-0.09%
SMCI	C	-0.09%
FICO	A	-0.08%
IT	B	-0.08%
EXC	D	-0.08%
LULU	F	-0.08%
MNST	D	-0.08%
KVUE	F	-0.08%
KDP	C	-0.08%
CNC	D	-0.08%
SYY	D	-0.08%
FTNT	D	-0.08%
DOW	D	-0.08%
GIS	D	-0.08%
ADM	F	-0.07%
ROK	D	-0.07%
GEHC	D	-0.07%
KHC	D	-0.06%
EL	F	-0.06%
RMD	D	-0.06%
HSY	F	-0.06%
TSCO	C	-0.06%
DG	D	-0.06%
CHTR	C	-0.06%
TRGP	A	-0.06%
MTD	C	-0.06%
AXON	D	-0.05%
VLTO	C	-0.05%
WST	F	-0.05%
DECK	B	-0.05%
LVS	F	-0.04%
ALGN	F	-0.04%
CLX	D	-0.04%
WAT	F	-0.04%
CBOE	D	-0.04%
DPZ	C	-0.04%
ULTA	F	-0.04%
STX	B	-0.04%
POOL	F	-0.03%
ENPH	F	-0.03%
ROL	B	-0.03%
PODD	B	-0.03%
FDS	D	-0.03%
PAYC	F	-0.02%
SOLV	F	-0.02%
MKTX	F	-0.02%
DVA	C	-0.02%
EPAM	D	-0.02%