IWS vs. PRF ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

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

$123.38

Average Daily Volume

432,646

Number of Holdings ^*

695

* may have additional holdings in another (foreign) market

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$38.04

Average Daily Volume

502,760

Number of Holdings ^*

980

* may have additional holdings in another (foreign) market

Performance

Period	IWS	PRF
30 Days	1.21%	1.36%
60 Days	1.68%	2.34%
90 Days	6.58%	5.83%
12 Months	21.31%	24.96%

553 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in PRF	Overlap
A	C	0.1%	0.05%	0.05%
AA	B	0.08%	0.07%	0.07%
AAL	C	0.07%	0.02%	0.02%
AAP	D	0.06%	0.04%	0.04%
ACGL	A	0.39%	0.08%	0.08%
ACHC	F	0.08%	0.02%	0.02%
ACI	D	0.1%	0.09%	0.09%
ACM	C	0.16%	0.05%	0.05%
ADC	B	0.07%	0.01%	0.01%
AEE	C	0.25%	0.08%	0.08%
AES	B	0.07%	0.08%	0.07%
AFG	C	0.12%	0.06%	0.06%
AFL	A	0.62%	0.17%	0.17%
AGCO	F	0.09%	0.04%	0.04%
AGNC	C	0.08%	0.03%	0.03%
AGO	D	0.06%	0.02%	0.02%
AGR	B	0.03%	0.02%	0.02%
AIRC	A	0.07%	0.02%	0.02%
AIZ	D	0.12%	0.04%	0.04%
AJG	C	0.63%	0.06%	0.06%
AKAM	D	0.19%	0.03%	0.03%
AL	B	0.06%	0.03%	0.03%
ALB	C	0.2%	0.05%	0.05%
ALL	B	0.57%	0.19%	0.19%
ALLE	D	0.01%	0.02%	0.01%
ALLY	B	0.14%	0.1%	0.1%
ALSN	D	0.08%	0.02%	0.02%
AM	A	0.04%	0.01%	0.01%
AME	D	0.49%	0.04%	0.04%
AMG	D	0.07%	0.02%	0.02%
AMH	B	0.15%	0.02%	0.02%
AN	B	0.06%	0.05%	0.05%
ANSS	D	0.06%	0.02%	0.02%
AOS	C	0.12%	0.02%	0.02%
APA	F	0.04%	0.06%	0.04%
APH	A	0.46%	0.08%	0.08%
APTV	D	0.29%	0.07%	0.07%
AR	B	0.12%	0.05%	0.05%
ARE	D	0.26%	0.07%	0.07%
ARMK	C	0.11%	0.03%	0.03%
ARW	B	0.09%	0.1%	0.09%
ASH	A	0.06%	0.02%	0.02%
ATO	A	0.23%	0.05%	0.05%
ATR	A	0.12%	0.02%	0.02%
AVB	A	0.35%	0.08%	0.08%
AVT	A	0.06%	0.04%	0.04%
AVTR	D	0.21%	0.04%	0.04%
AVY	A	0.16%	0.04%	0.04%
AWK	B	0.33%	0.06%	0.06%
AXS	A	0.07%	0.03%	0.03%
AXTA	A	0.09%	0.03%	0.03%
AYI	C	0.1%	0.02%	0.02%
BALL	B	0.27%	0.06%	0.06%
BAX	F	0.23%	0.06%	0.06%
BBWI	C	0.14%	0.04%	0.04%
BBY	D	0.15%	0.12%	0.12%
BC	D	0.07%	0.02%	0.02%
BEN	F	0.09%	0.04%	0.04%
BERY	D	0.09%	0.04%	0.04%
BG	B	0.19%	0.13%	0.13%
BHF	D	0.03%	0.03%	0.03%
BIIB	C	0.4%	0.13%	0.13%
BIO	F	0.07%	0.02%	0.02%
BJ	B	0.09%	0.05%	0.05%
BK	A	0.56%	0.22%	0.22%
BKR	D	0.41%	0.1%	0.1%
BLD	D	0.15%	0.02%	0.02%
BLDR	D	0.26%	0.06%	0.06%
BMRN	F	0.17%	0.02%	0.02%
BOKF	A	0.03%	0.01%	0.01%
BPOP	A	0.08%	0.03%	0.03%
BR	D	0.05%	0.03%	0.03%
BRO	C	0.16%	0.02%	0.02%
BRX	C	0.08%	0.03%	0.03%
BWA	B	0.11%	0.06%	0.06%
BWXT	D	0.08%	0.01%	0.01%
BXP	F	0.12%	0.05%	0.05%
BYD	F	0.05%	0.01%	0.01%
CABO	F	0.03%	0.01%	0.01%
CACI	A	0.12%	0.03%	0.03%
CAG	B	0.18%	0.08%	0.08%
CAH	F	0.15%	0.26%	0.15%
CAR	D	0.02%	0.03%	0.02%
CARR	A	0.68%	0.11%	0.11%
CASY	A	0.13%	0.04%	0.04%
CBRE	D	0.33%	0.09%	0.09%
CBSH	A	0.09%	0.02%	0.02%
CC	C	0.05%	0.03%	0.03%
CCK	C	0.11%	0.04%	0.04%
CCL	F	0.18%	0.05%	0.05%
CDW	F	0.02%	0.05%	0.02%
CE	C	0.2%	0.05%	0.05%
CEG	A	0.87%	0.14%	0.14%
CF	F	0.18%	0.05%	0.05%
CFG	A	0.21%	0.13%	0.13%
CFR	D	0.08%	0.02%	0.02%
CG	D	0.11%	0.03%	0.03%
CGNX	B	0.1%	0.01%	0.01%
CHD	A	0.03%	0.04%	0.03%
CHK	B	0.14%	0.05%	0.05%
CHRW	C	0.03%	0.06%	0.03%
CIEN	D	0.09%	0.02%	0.02%
CINF	D	0.23%	0.07%	0.07%
CLF	F	0.11%	0.04%	0.04%
CLH	B	0.13%	0.02%	0.02%
CLVT	F	0.04%	0.01%	0.01%
CMA	B	0.09%	0.05%	0.05%
CMI	B	0.5%	0.13%	0.13%
CMS	A	0.23%	0.07%	0.07%
CNM	A	0.13%	0.02%	0.02%
CNP	B	0.24%	0.08%	0.08%
CNXC	D	0.03%	0.01%	0.01%
COHR	D	0.09%	0.02%	0.02%
COIN	D	0.45%	0.02%	0.02%
COLB	C	0.05%	0.01%	0.01%
COLD	F	0.08%	0.02%	0.02%
CPB	B	0.11%	0.04%	0.04%
CPRI	F	0.05%	0.02%	0.02%
CPT	B	0.14%	0.03%	0.03%
CRI	F	0.03%	0.01%	0.01%
CRL	D	0.15%	0.02%	0.02%
CSGP	C	0.27%	0.03%	0.03%
CSL	A	0.25%	0.03%	0.03%
CTAS	B	0.08%	0.05%	0.05%
CTLT	D	0.13%	0.03%	0.03%
CTRA	B	0.27%	0.09%	0.09%
CTSH	D	0.42%	0.09%	0.09%
CTVA	B	0.51%	0.1%	0.1%
CUBE	D	0.12%	0.02%	0.02%
CUZ	B	0.05%	0.02%	0.02%
CW	A	0.13%	0.02%	0.02%
CZR	F	0.06%	0.03%	0.03%
DAL	A	0.4%	0.04%	0.04%
DAR	D	0.09%	0.03%	0.03%
DASH	D	0.1%	0.02%	0.02%
DCI	B	0.07%	0.02%	0.02%
DD	A	0.43%	0.17%	0.17%
DFS	C	0.39%	0.15%	0.15%
DGX	B	0.19%	0.06%	0.06%
DHI	D	0.57%	0.12%	0.12%
DINO	D	0.12%	0.05%	0.05%
DKS	C	0.13%	0.04%	0.04%
DLR	D	0.54%	0.11%	0.11%
DLTR	F	0.31%	0.08%	0.08%
DOC	A	0.17%	0.07%	0.07%
DOV	A	0.32%	0.05%	0.05%
DOX	D	0.12%	0.03%	0.03%
DRI	F	0.12%	0.04%	0.04%
DTE	A	0.3%	0.1%	0.1%
DTM	A	0.08%	0.02%	0.02%
DVN	B	0.41%	0.14%	0.14%
DXC	F	0.05%	0.05%	0.05%
EA	F	0.43%	0.04%	0.04%
EBAY	D	0.31%	0.08%	0.08%
ED	A	0.43%	0.17%	0.17%
EEFT	C	0.03%	0.01%	0.01%
EFX	D	0.11%	0.03%	0.03%
EG	C	0.18%	0.05%	0.05%
EGP	D	0.09%	0.01%	0.01%
EHC	A	0.1%	0.02%	0.02%
EIX	A	0.36%	0.14%	0.14%
ELAN	B	0.11%	0.03%	0.03%
ELS	D	0.09%	0.02%	0.02%
EME	A	0.15%	0.04%	0.04%
EMN	A	0.15%	0.07%	0.07%
ENOV	F	0.03%	0.01%	0.01%
ENTG	D	0.23%	0.02%	0.02%
EPR	C	0.04%	0.02%	0.02%
EQR	A	0.31%	0.08%	0.08%
EQT	B	0.18%	0.04%	0.04%
ES	B	0.27%	0.12%	0.12%
ESAB	B	0.08%	0.01%	0.01%
ESI	D	0.07%	0.01%	0.01%
ESS	A	0.21%	0.04%	0.04%
ETR	A	0.3%	0.12%	0.12%
EVR	C	0.09%	0.02%	0.02%
EVRG	B	0.16%	0.07%	0.07%
EWBC	A	0.14%	0.04%	0.04%
EXEL	F	0.02%	0.01%	0.01%
EXPD	D	0.18%	0.04%	0.04%
EXPE	F	0.05%	0.03%	0.03%
EXR	D	0.38%	0.04%	0.04%
FAF	D	0.07%	0.04%	0.04%
FANG	B	0.46%	0.1%	0.1%
FAST	D	0.12%	0.05%	0.05%
FCN	B	0.07%	0.02%	0.02%
FCNCA	B	0.21%	0.03%	0.03%
FE	A	0.27%	0.11%	0.11%
FFIV	D	0.13%	0.02%	0.02%
FHB	B	0.03%	0.02%	0.02%
FHN	A	0.11%	0.05%	0.05%
FIS	C	0.55%	0.14%	0.14%
FITB	A	0.33%	0.13%	0.13%
FLO	B	0.06%	0.02%	0.02%
FLS	A	0.08%	0.02%	0.02%
FMC	B	0.09%	0.04%	0.04%
FNB	A	0.06%	0.03%	0.03%
FNF	B	0.17%	0.06%	0.06%
FOX	B	0.05%	0.02%	0.02%
FOXA	B	0.1%	0.04%	0.04%
FR	D	0.08%	0.01%	0.01%
FRT	B	0.1%	0.02%	0.02%
FSLR	B	0.26%	0.03%	0.03%
FTI	B	0.15%	0.03%	0.03%
FTV	D	0.34%	0.04%	0.04%
FYBR	B	0.08%	0.05%	0.05%
G	D	0.05%	0.02%	0.02%
GDDY	A	0.09%	0.02%	0.02%
GGG	D	0.1%	0.02%	0.02%
GL	F	0.09%	0.02%	0.02%
GLPI	D	0.14%	0.03%	0.03%
GLW	B	0.33%	0.1%	0.1%
GME	B	0.06%	0.01%	0.01%
GNRC	B	0.1%	0.02%	0.02%
GNTX	D	0.1%	0.02%	0.02%
GPC	B	0.27%	0.08%	0.08%
GPK	C	0.05%	0.03%	0.03%
GPN	F	0.36%	0.07%	0.07%
GPS	D	0.06%	0.03%	0.03%
GRMN	A	0.33%	0.06%	0.06%
GXO	C	0.08%	0.02%	0.02%
HAL	F	0.34%	0.09%	0.09%
HAS	B	0.1%	0.04%	0.04%
HBAN	A	0.25%	0.11%	0.11%
HE	F	0.01%	0.02%	0.01%
HEI	A	0.02%	0.01%	0.01%
HEI	A	0.02%	0.01%	0.01%
HEI	A	0.01%	0.01%	0.01%
HEI	A	0.01%	0.01%	0.01%
HES	B	0.25%	0.07%	0.07%
HIG	C	0.38%	0.13%	0.13%
HII	D	0.12%	0.03%	0.03%
HIW	B	0.03%	0.02%	0.02%
HLT	D	0.35%	0.03%	0.03%
HOG	D	0.05%	0.02%	0.02%
HOLX	D	0.22%	0.04%	0.04%
HOOD	C	0.14%	0.02%	0.02%
HPE	D	0.28%	0.17%	0.17%
HPQ	C	0.26%	0.17%	0.17%
HRB	B	0.03%	0.02%	0.02%
HRL	B	0.13%	0.04%	0.04%
HSIC	D	0.12%	0.04%	0.04%
HST	D	0.16%	0.04%	0.04%
HTZ	F	0.01%	0.02%	0.01%
HUBB	D	0.15%	0.03%	0.03%
HUN	C	0.05%	0.03%	0.03%
HWM	A	0.39%	0.04%	0.04%
IAC	B	0.05%	0.02%	0.02%
ICLR	D	0.27%	0.04%	0.04%
IDA	B	0.06%	0.02%	0.02%
IEX	D	0.19%	0.02%	0.02%
IFF	A	0.31%	0.1%	0.1%
ILMN	F	0.16%	0.02%	0.02%
INCY	D	0.03%	0.02%	0.02%
INGR	A	0.1%	0.03%	0.03%
INVH	B	0.27%	0.05%	0.05%
IP	C	0.17%	0.12%	0.12%
IPG	D	0.15%	0.05%	0.05%
IQV	D	0.04%	0.07%	0.04%
IR	D	0.46%	0.03%	0.03%
IRM	C	0.15%	0.06%	0.06%
ITT	A	0.14%	0.02%	0.02%
IVZ	D	0.07%	0.05%	0.05%
J	D	0.22%	0.04%	0.04%
JAZZ	D	0.04%	0.02%	0.02%
JBHT	F	0.14%	0.03%	0.03%
JBL	D	0.07%	0.05%	0.05%
JEF	B	0.1%	0.05%	0.05%
JHG	A	0.06%	0.03%	0.03%
JKHY	D	0.11%	0.02%	0.02%
JLL	C	0.12%	0.05%	0.05%
JNPR	D	0.14%	0.03%	0.03%
JWN	B	0.03%	0.03%	0.03%
K	B	0.2%	0.07%	0.07%
KBR	B	0.07%	0.02%	0.02%
KD	A	0.08%	0.06%	0.06%
KEX	A	0.09%	0.02%	0.02%
KEY	C	0.18%	0.1%	0.1%
KEYS	D	0.25%	0.03%	0.03%
KIM	C	0.16%	0.04%	0.04%
KKR	C	0.64%	0.09%	0.09%
KMPR	B	0.05%	0.02%	0.02%
KMX	D	0.13%	0.08%	0.08%
KNX	D	0.1%	0.03%	0.03%
KR	B	0.45%	0.32%	0.32%
KRC	F	0.05%	0.02%	0.02%
KSS	F	0.03%	0.06%	0.03%
L	A	0.18%	0.06%	0.06%
LAD	D	0.09%	0.04%	0.04%
LAMR	B	0.03%	0.03%	0.03%
LBRDA	F	0.01%	0.0%	0.0%
LBRDK	F	0.06%	0.02%	0.02%
LDOS	A	0.25%	0.06%	0.06%
LEA	F	0.09%	0.06%	0.06%
LECO	D	0.01%	0.02%	0.01%
LEG	F	0.02%	0.02%	0.02%
LEN	D	0.49%	0.12%	0.12%
LEN	D	0.02%	0.01%	0.01%
LEN	D	0.02%	0.12%	0.02%
LEN	D	0.49%	0.01%	0.01%
LFUS	B	0.08%	0.01%	0.01%
LH	F	0.22%	0.05%	0.05%
LII	C	0.2%	0.02%	0.02%
LITE	F	0.04%	0.01%	0.01%
LKQ	D	0.15%	0.05%	0.05%
LNC	C	0.06%	0.06%	0.06%
LNT	B	0.17%	0.05%	0.05%
LPX	A	0.07%	0.02%	0.02%
LSTR	D	0.02%	0.02%	0.02%
LUV	D	0.2%	0.02%	0.02%
LW	F	0.01%	0.02%	0.01%
LYB	C	0.33%	0.19%	0.19%
LYV	D	0.15%	0.02%	0.02%
M	D	0.07%	0.07%	0.07%
MAA	B	0.2%	0.05%	0.05%
MAN	B	0.05%	0.04%	0.04%
MAS	D	0.2%	0.03%	0.03%
MAT	D	0.08%	0.02%	0.02%
MCHP	B	0.18%	0.08%	0.08%
MDU	A	0.07%	0.03%	0.03%
MGM	F	0.14%	0.05%	0.05%
MHK	D	0.08%	0.05%	0.05%
MIDD	F	0.09%	0.02%	0.02%
MKC	B	0.24%	0.05%	0.05%
MKL	A	0.27%	0.09%	0.09%
MKSI	D	0.11%	0.02%	0.02%
MLM	C	0.47%	0.05%	0.05%
MOH	D	0.12%	0.06%	0.06%
MOS	F	0.12%	0.07%	0.07%
MPW	D	0.04%	0.05%	0.04%
MRO	D	0.2%	0.07%	0.07%
MRVL	D	0.73%	0.05%	0.05%
MSCI	D	0.23%	0.02%	0.02%
MSM	F	0.05%	0.02%	0.02%
MTB	A	0.32%	0.12%	0.12%
MTCH	F	0.01%	0.01%	0.01%
MTG	B	0.07%	0.02%	0.02%
MTN	F	0.08%	0.02%	0.02%
MTZ	B	0.08%	0.04%	0.04%
MUSA	D	0.01%	0.03%	0.01%
NDAQ	D	0.28%	0.03%	0.03%
NDSN	C	0.2%	0.02%	0.02%
NFG	A	0.06%	0.02%	0.02%
NI	A	0.15%	0.05%	0.05%
NNN	B	0.1%	0.02%	0.02%
NOV	D	0.1%	0.03%	0.03%
NRG	B	0.23%	0.1%	0.1%
NTAP	B	0.17%	0.06%	0.06%
NTRS	C	0.22%	0.09%	0.09%
NUE	F	0.54%	0.15%	0.15%
NVR	D	0.26%	0.04%	0.04%
NVST	F	0.04%	0.02%	0.02%
NVT	A	0.17%	0.02%	0.02%
NWL	C	0.04%	0.04%	0.04%
NWS	D	0.04%	0.01%	0.01%
NWSA	D	0.12%	0.03%	0.03%
NXST	C	0.05%	0.03%	0.03%
NYCB	D	0.03%	0.03%	0.03%
O	B	0.57%	0.1%	0.1%
OC	B	0.2%	0.05%	0.05%
ODFL	F	0.03%	0.02%	0.02%
OGE	A	0.09%	0.04%	0.04%
OGN	B	0.07%	0.05%	0.05%
OHI	B	0.09%	0.03%	0.03%
OKE	B	0.55%	0.15%	0.15%
OKTA	D	0.18%	0.02%	0.02%
OLN	D	0.08%	0.04%	0.04%
OMC	B	0.24%	0.08%	0.08%
OMF	B	0.07%	0.06%	0.06%
ON	F	0.39%	0.05%	0.05%
ORI	A	0.1%	0.05%	0.05%
OSK	D	0.1%	0.03%	0.03%
OTIS	D	0.47%	0.06%	0.06%
OVV	C	0.09%	0.05%	0.05%
OZK	B	0.06%	0.02%	0.02%
PAG	F	0.04%	0.02%	0.02%
PARA	C	0.1%	0.15%	0.1%
PB	B	0.07%	0.03%	0.03%
PCAR	D	0.7%	0.15%	0.15%
PCG	B	0.46%	0.11%	0.11%
PEG	A	0.46%	0.14%	0.14%
PENN	F	0.03%	0.03%	0.03%
PFG	C	0.25%	0.11%	0.11%
PFGC	D	0.07%	0.07%	0.07%
PH	B	0.9%	0.09%	0.09%
PHIN	A	0.03%	0.02%	0.02%
PHM	B	0.31%	0.07%	0.07%
PII	F	0.05%	0.02%	0.02%
PINC	F	0.03%	0.01%	0.01%
PK	D	0.04%	0.03%	0.03%
PKG	D	0.2%	0.05%	0.05%
PNFP	C	0.08%	0.02%	0.02%
PNR	C	0.17%	0.03%	0.03%
PNW	B	0.11%	0.05%	0.05%
POST	B	0.07%	0.02%	0.02%
PPG	D	0.3%	0.08%	0.08%
PPL	A	0.27%	0.13%	0.13%
PRGO	C	0.05%	0.03%	0.03%
PRI	D	0.03%	0.02%	0.02%
PRU	A	0.54%	0.24%	0.24%
PSX	D	0.82%	0.36%	0.36%
PTC	D	0.12%	0.01%	0.01%
PVH	D	0.09%	0.03%	0.03%
PWR	B	0.36%	0.05%	0.05%
QRVO	F	0.12%	0.03%	0.03%
R	A	0.07%	0.05%	0.05%
RCL	A	0.29%	0.03%	0.03%
REG	F	0.13%	0.03%	0.03%
REXR	D	0.12%	0.02%	0.02%
RF	B	0.23%	0.1%	0.1%
RGA	A	0.17%	0.06%	0.06%
RGLD	B	0.1%	0.01%	0.01%
RH	D	0.05%	0.01%	0.01%
RHI	D	0.09%	0.02%	0.02%
RIVN	F	0.09%	0.02%	0.02%
RJF	C	0.3%	0.06%	0.06%
RL	D	0.08%	0.02%	0.02%
RLI	A	0.06%	0.01%	0.01%
RNR	C	0.11%	0.02%	0.02%
ROST	D	0.04%	0.06%	0.04%
RPM	D	0.15%	0.03%	0.03%
RPRX	F	0.13%	0.02%	0.02%
RRC	B	0.11%	0.02%	0.02%
RRX	D	0.13%	0.03%	0.03%
RS	D	0.21%	0.05%	0.05%
RSG	C	0.49%	0.06%	0.06%
RUN	D	0.03%	0.01%	0.01%
RYN	F	0.05%	0.01%	0.01%
SAIA	F	0.12%	0.01%	0.01%
SAIC	C	0.09%	0.02%	0.02%
SBAC	D	0.24%	0.02%	0.02%
SCI	D	0.08%	0.02%	0.02%
SEE	C	0.03%	0.02%	0.02%
SEIC	C	0.09%	0.01%	0.01%
SF	A	0.1%	0.03%	0.03%
SITE	F	0.06%	0.01%	0.01%
SJM	F	0.15%	0.05%	0.05%
SKX	B	0.11%	0.03%	0.03%
SLGN	B	0.05%	0.02%	0.02%
SLM	B	0.04%	0.02%	0.02%
SNA	D	0.18%	0.04%	0.04%
SNV	C	0.07%	0.03%	0.03%
SNX	A	0.1%	0.05%	0.05%
SOFI	F	0.08%	0.01%	0.01%
SON	C	0.07%	0.03%	0.03%
SPB	C	0.04%	0.01%	0.01%
SPG	C	0.48%	0.11%	0.11%
SQ	D	0.32%	0.07%	0.07%
SRCL	D	0.05%	0.02%	0.02%
SSNC	C	0.17%	0.03%	0.03%
ST	B	0.08%	0.03%	0.03%
STAG	D	0.08%	0.01%	0.01%
STE	D	0.28%	0.03%	0.03%
STLD	D	0.26%	0.08%	0.08%
STT	C	0.29%	0.14%	0.14%
STWD	C	0.07%	0.04%	0.04%
SUI	D	0.14%	0.04%	0.04%
SWK	F	0.17%	0.08%	0.08%
SWKS	F	0.18%	0.04%	0.04%
SWN	C	0.1%	0.06%	0.06%
SYF	B	0.23%	0.17%	0.17%
TAP	F	0.13%	0.05%	0.05%
TDG	A	0.73%	0.08%	0.08%
TDY	D	0.23%	0.04%	0.04%
TER	B	0.04%	0.03%	0.03%
TFX	F	0.12%	0.02%	0.02%
THC	A	0.16%	0.1%	0.1%
THG	A	0.06%	0.02%	0.02%
THO	D	0.07%	0.03%	0.03%
TKR	B	0.07%	0.02%	0.02%
TNL	D	0.02%	0.02%	0.02%
TOL	B	0.16%	0.05%	0.05%
TPR	D	0.11%	0.03%	0.03%
TPX	D	0.09%	0.01%	0.01%
TRMB	D	0.18%	0.02%	0.02%
TROW	D	0.31%	0.1%	0.1%
TRU	C	0.19%	0.03%	0.03%
TSN	B	0.21%	0.16%	0.16%
TT	A	0.67%	0.09%	0.09%
TTWO	D	0.3%	0.04%	0.04%
TWLO	D	0.11%	0.03%	0.03%
TXT	D	0.22%	0.05%	0.05%
TYL	A	0.06%	0.02%	0.02%
UA	D	0.02%	0.01%	0.01%
UAA	F	0.02%	0.01%	0.01%
UAL	B	0.22%	0.04%	0.04%
UDR	B	0.15%	0.04%	0.04%
UGI	B	0.07%	0.05%	0.05%
UHAL	B	0.05%	0.02%	0.02%
UHAL	B	0.0%	0.0%	0.0%
UHAL	B	0.0%	0.02%	0.0%
UHAL	B	0.05%	0.0%	0.0%
UHS	D	0.13%	0.05%	0.05%
UNM	B	0.12%	0.07%	0.07%
URI	D	0.47%	0.1%	0.1%
USFD	C	0.16%	0.08%	0.08%
UTHR	B	0.15%	0.03%	0.03%
VAC	D	0.04%	0.02%	0.02%
VFC	F	0.06%	0.05%	0.05%
VICI	B	0.38%	0.07%	0.07%
VMC	C	0.35%	0.04%	0.04%
VMI	B	0.06%	0.01%	0.01%
VNO	F	0.05%	0.04%	0.04%
VNT	D	0.05%	0.02%	0.02%
VOYA	B	0.09%	0.03%	0.03%
VRT	A	0.39%	0.02%	0.02%
VSAT	D	0.03%	0.02%	0.02%
VSCO	F	0.01%	0.01%	0.01%
VST	B	0.29%	0.11%	0.11%
VSTS	F	0.02%	0.01%	0.01%
VTR	B	0.24%	0.09%	0.09%
VTRS	C	0.17%	0.1%	0.1%
W	C	0.05%	0.02%	0.02%
WAB	A	0.38%	0.06%	0.06%
WAL	B	0.09%	0.02%	0.02%
WBA	F	0.15%	0.25%	0.15%
WBD	F	0.22%	0.14%	0.14%
WBS	D	0.1%	0.03%	0.03%
WCC	B	0.1%	0.05%	0.05%
WDC	B	0.29%	0.13%	0.13%
WEC	B	0.34%	0.11%	0.11%
WELL	A	0.69%	0.13%	0.13%
WEX	D	0.06%	0.01%	0.01%
WH	F	0.07%	0.01%	0.01%
WHR	F	0.06%	0.06%	0.06%
WLK	B	0.06%	0.02%	0.02%
WMB	A	0.61%	0.18%	0.18%
WPC	C	0.16%	0.04%	0.04%
WRB	D	0.2%	0.04%	0.04%
WRK	A	0.16%	0.11%	0.11%
WSC	D	0.07%	0.01%	0.01%
WSM	B	0.22%	0.05%	0.05%
WSO	B	0.15%	0.03%	0.03%
WTFC	B	0.08%	0.02%	0.02%
WTRG	B	0.12%	0.03%	0.03%
WTW	D	0.29%	0.06%	0.06%
WU	C	0.04%	0.04%	0.04%
WWD	A	0.13%	0.02%	0.02%
WY	F	0.29%	0.1%	0.1%
WYNN	D	0.12%	0.02%	0.02%
X	D	0.11%	0.06%	0.06%
XEL	C	0.38%	0.13%	0.13%
XP	D	0.08%	0.01%	0.01%
XPO	D	0.16%	0.02%	0.02%
XRAY	F	0.08%	0.02%	0.02%
XYL	A	0.37%	0.04%	0.04%
YUM	C	0.06%	0.06%	0.06%
Z	F	0.08%	0.01%	0.01%
ZBH	D	0.32%	0.06%	0.06%
ZBRA	A	0.17%	0.03%	0.03%
ZG	F	0.03%	0.0%	0.0%
ZION	B	0.08%	0.04%	0.04%
ZM	F	0.2%	0.02%	0.02%

IWS Overweight 148 Positions Relative to PRF

Symbol	Grade	Weight
FERG	B	0.53%
COO	D	0.23%
AMCR	A	0.19%
VRSN	F	0.18%
FWONK	B	0.17%
IBKR	B	0.16%
NTNX	A	0.16%
APP	B	0.16%
RVTY	D	0.16%
CNHI	D	0.15%
TTEK	B	0.12%
FBIN	D	0.12%
GWRE	C	0.12%
GEN	F	0.12%
QGEN	C	0.12%
NLY	A	0.12%
TW	A	0.11%
NU	C	0.11%
RBC	C	0.1%
NYT	B	0.1%
AFRM	D	0.1%
DAY	F	0.1%
CR	A	0.09%
OWL	B	0.09%
HXL	C	0.08%
HLI	A	0.08%
EXAS	F	0.08%
AZEK	D	0.08%
H	D	0.08%
ROKU	F	0.08%
NCLH	F	0.07%
ALK	C	0.07%
GMED	C	0.07%
RITM	A	0.07%
CRUS	A	0.07%
AZPN	D	0.07%
BFAM	C	0.07%
HR	B	0.07%
MSA	C	0.07%
BILL	F	0.07%
OLED	B	0.06%
S	D	0.06%
WTM	A	0.06%
DLB	C	0.06%
RGEN	F	0.06%
CCCS	F	0.05%
AWI	D	0.05%
FRPT	B	0.05%
ALNY	D	0.05%
LSXMK	D	0.05%
VVV	D	0.05%
GFS	D	0.05%
BEPC	B	0.05%
COTY	F	0.05%
U	F	0.05%
LAZ	C	0.05%
DNB	D	0.04%
AZTA	D	0.04%
COLM	B	0.04%
PLNT	D	0.04%
CXT	B	0.04%
AMED	C	0.04%
WOLF	F	0.04%
EXP	A	0.04%
RBA	D	0.04%
SPR	D	0.04%
LOPE	B	0.04%
CACC	D	0.04%
FTRE	D	0.04%
ETSY	F	0.04%
OLLI	B	0.04%
PSTG	C	0.04%
MSGS	B	0.04%
NEU	D	0.04%
SIRI	F	0.03%
LCID	F	0.03%
TDOC	F	0.03%
ICUI	F	0.03%
TPG	D	0.03%
HHH	D	0.03%
CWEN	B	0.03%
QDEL	F	0.03%
CHE	D	0.03%
TNDM	B	0.03%
IPGP	D	0.03%
GTES	D	0.03%
NSA	D	0.03%
SNDR	D	0.02%
INFA	D	0.02%
CERT	D	0.02%
DNA	F	0.02%
CPAY	B	0.02%
KLG	B	0.02%
PLUG	F	0.02%
FWONA	B	0.02%
NATL	B	0.02%
DOCS	F	0.02%
PPC	A	0.02%
VYX	D	0.02%
MRCY	D	0.02%
REYN	C	0.02%
MP	D	0.02%
IART	F	0.02%
PATH	D	0.02%
ADT	B	0.02%
QS	F	0.02%
ZI	F	0.02%
LSXMA	D	0.02%
VIRT	B	0.02%
RCM	D	0.02%
LLYVK	D	0.02%
HAYW	C	0.02%
TRIP	F	0.02%
GO	F	0.02%
NCNO	D	0.02%
SHC	F	0.01%
MRVI	B	0.01%
PYCR	F	0.01%
UWMC	B	0.01%
MCW	C	0.01%
TFSL	B	0.01%
DBX	F	0.01%
DRVN	F	0.01%
TECH	B	0.01%
LLYVA	D	0.01%
AMC	F	0.01%
BSY	A	0.01%
SEB	C	0.01%
IONS	F	0.01%
CAVA	B	0.01%
BIRK	D	0.01%
CWEN	B	0.01%
HCP	B	0.01%
RKT	B	0.01%
SSRM	D	0.01%
CNA	B	0.01%
RNAC	C	0.0%
PLTK	C	0.0%
UI	D	0.0%
WOOF	F	0.0%
AGL	F	0.0%
OLPX	F	0.0%
SAM	D	0.0%
ROIV	B	0.0%
CART	C	0.0%
IRDM	D	0.0%
PARAA	B	0.0%
NLOP	B	0.0%

IWS Underweight 433 Positions Relative to PRF

Symbol	Grade	Weight
XOM	B	-2.39%
BRK.A	D	-2.26%
AAPL	B	-2.04%
MSFT	C	-1.98%
JPM	B	-1.97%
AMZN	A	-1.71%
CVX	B	-1.29%
VZ	D	-1.27%
BAC	B	-1.25%
WFC	A	-1.2%
C	A	-1.16%
GOOGL	B	-1.1%
T	B	-1.0%
JNJ	F	-0.99%
UNH	C	-0.99%
GOOG	B	-0.94%
WMT	C	-0.92%
PFE	D	-0.92%
META	D	-0.86%
CMCSA	D	-0.78%
PG	A	-0.77%
GM	B	-0.68%
HD	D	-0.67%
GS	A	-0.65%
MRK	B	-0.59%
ABBV	D	-0.59%
INTC	F	-0.59%
CSCO	D	-0.58%
CVS	F	-0.58%
PEP	B	-0.57%
PM	A	-0.56%
COST	B	-0.52%
KO	A	-0.52%
COP	C	-0.51%
F	D	-0.47%
IBM	D	-0.47%
MS	A	-0.46%
DIS	D	-0.45%
MO	A	-0.45%
RTX	A	-0.45%
CI	D	-0.44%
MCK	B	-0.44%
AVGO	C	-0.43%
NEE	B	-0.41%
ELV	A	-0.41%
DUK	A	-0.41%
MU	B	-0.41%
VLO	D	-0.41%
MPC	D	-0.4%
UPS	D	-0.4%
QCOM	B	-0.38%
AMGN	B	-0.37%
COF	B	-0.36%
AIG	A	-0.36%
SO	A	-0.36%
MDT	D	-0.36%
USB	D	-0.35%
MMM	B	-0.34%
TFC	B	-0.34%
TXN	A	-0.34%
BMY	F	-0.34%
LOW	D	-0.33%
LMT	A	-0.33%
CAT	D	-0.33%
TGT	D	-0.33%
ABT	F	-0.32%
PNC	B	-0.31%
CNC	C	-0.31%
FDX	D	-0.3%
UNP	C	-0.29%
EOG	B	-0.29%
GILD	F	-0.29%
CB	C	-0.29%
LIN	D	-0.29%
ADM	C	-0.28%
HON	C	-0.28%
MCD	F	-0.28%
AXP	A	-0.27%
DOW	C	-0.27%
D	B	-0.27%
BLK	D	-0.27%
MET	C	-0.27%
TMO	D	-0.26%
DE	B	-0.25%
TMUS	B	-0.25%
V	C	-0.25%
KMI	A	-0.24%
GE	A	-0.24%
ACN	D	-0.24%
TSLA	D	-0.23%
PGR	A	-0.23%
CRM	D	-0.23%
LLY	C	-0.23%
EXC	B	-0.22%
AEP	A	-0.22%
MDLZ	B	-0.22%
TRV	D	-0.22%
ORCL	D	-0.22%
GD	A	-0.2%
ETN	A	-0.19%
CHTR	F	-0.19%
SCHW	A	-0.19%
SRE	B	-0.18%
ADI	A	-0.18%
OXY	C	-0.18%
NVDA	B	-0.18%
FCX	B	-0.18%
NOC	B	-0.18%
NEM	B	-0.18%
DHR	C	-0.18%
HUM	F	-0.18%
AMD	D	-0.18%
NKE	D	-0.17%
PYPL	C	-0.17%
NFLX	C	-0.17%
MA	D	-0.17%
TJX	C	-0.17%
KHC	C	-0.17%
SPGI	C	-0.16%
SLB	F	-0.16%
BA	F	-0.16%
CL	A	-0.15%
SYY	D	-0.15%
CME	C	-0.15%
AMAT	C	-0.15%
KMB	B	-0.15%
HCA	D	-0.15%
JCI	B	-0.15%
GIS	C	-0.15%
PLD	D	-0.15%
AMT	D	-0.15%
REGN	C	-0.14%
APD	C	-0.14%
MRNA	B	-0.14%
EMR	C	-0.14%
SBUX	F	-0.14%
CSX	D	-0.14%
BDX	F	-0.14%
ADP	D	-0.13%
NSC	D	-0.13%
WM	B	-0.13%
MMC	C	-0.13%
SYK	D	-0.12%
ADBE	D	-0.12%
CCI	D	-0.12%
ITW	D	-0.12%
DG	D	-0.11%
BSX	B	-0.11%
LHX	A	-0.11%
ICE	C	-0.11%
BX	D	-0.1%
NXPI	A	-0.1%
LRCX	D	-0.1%
TEL	C	-0.1%
KDP	B	-0.1%
AER	A	-0.09%
INTU	D	-0.09%
JXN	A	-0.08%
STZ	D	-0.08%
ECL	A	-0.08%
VRTX	C	-0.08%
GEHC	D	-0.08%
EQIX	F	-0.08%
ZIM	B	-0.08%
SHW	D	-0.08%
BKNG	B	-0.08%
AMP	C	-0.08%
PSA	D	-0.07%
PBF	D	-0.07%
PAYX	D	-0.07%
ROP	D	-0.07%
TRGP	B	-0.07%
STX	C	-0.07%
AZO	D	-0.07%
LNG	D	-0.06%
ORLY	D	-0.06%
MSI	A	-0.06%
GEV	C	-0.06%
SOLV	C	-0.06%
ZTS	D	-0.06%
AON	F	-0.06%
ISRG	D	-0.06%
FLEX	C	-0.06%
CRBG	A	-0.06%
KLAC	A	-0.06%
UBER	D	-0.05%
TSCO	B	-0.05%
MAR	D	-0.05%
GWW	D	-0.05%
EQH	A	-0.05%
BAP	B	-0.05%
MCO	C	-0.05%
ROK	F	-0.05%
EL	F	-0.05%
GT	D	-0.05%
HSY	B	-0.05%
APO	C	-0.04%
TMHC	C	-0.04%
RMD	B	-0.04%
ALV	A	-0.04%
LVS	D	-0.04%
DVA	B	-0.04%
ABG	C	-0.04%
CMG	A	-0.04%
RIG	F	-0.04%
EW	D	-0.04%
CLX	F	-0.04%
CCEP	A	-0.04%
VRSK	B	-0.03%
HLF	C	-0.03%
DK	D	-0.03%
ULTA	F	-0.03%
CPNG	B	-0.03%
CMC	C	-0.03%
SANM	B	-0.03%
SWX	A	-0.03%
ANET	C	-0.03%
COOP	A	-0.03%
NOW	D	-0.03%
ETRN	B	-0.03%
BECN	C	-0.03%
LPLA	B	-0.03%
HBI	F	-0.03%
BAH	B	-0.03%
TDS	F	-0.03%
SFM	A	-0.03%
SLG	B	-0.03%
CPRT	D	-0.03%
MUR	C	-0.03%
SNPS	D	-0.03%
MNST	D	-0.03%
GPI	B	-0.03%
MTH	A	-0.03%
BCO	B	-0.02%
VSH	C	-0.02%
SIGI	F	-0.02%
WDAY	F	-0.02%
ATI	B	-0.02%
GATX	C	-0.02%
EPAM	D	-0.02%
ADSK	F	-0.02%
MMS	C	-0.02%
DY	A	-0.02%
OMI	F	-0.02%
SMG	D	-0.02%
BKU	B	-0.02%
FULT	A	-0.02%
HOMB	B	-0.02%
TRN	A	-0.02%
TCBI	B	-0.02%
APLE	F	-0.02%
DECK	D	-0.02%
MTDR	D	-0.02%
HUBG	B	-0.02%
TROX	B	-0.02%
SLVM	A	-0.02%
GBCI	C	-0.02%
ABNB	D	-0.02%
REZI	D	-0.02%
BTU	F	-0.02%
MHO	D	-0.02%
TTC	F	-0.02%
APG	D	-0.02%
CHKP	D	-0.02%
WAT	D	-0.02%
WST	D	-0.02%
MLI	B	-0.02%
ATKR	D	-0.02%
NJR	B	-0.02%
PCH	D	-0.02%
AEO	B	-0.02%
GMS	C	-0.02%
PNM	C	-0.02%
GEO	C	-0.02%
SIG	D	-0.02%
CBT	B	-0.02%
ESNT	C	-0.02%
POOL	F	-0.02%
NWE	B	-0.02%
AVA	B	-0.02%
ASGN	D	-0.02%
MELI	B	-0.02%
LNW	D	-0.02%
CWK	C	-0.02%
AVNT	B	-0.02%
ALE	B	-0.02%
SEM	A	-0.02%
IT	D	-0.02%
OGS	C	-0.02%
DEI	B	-0.02%
MTD	D	-0.02%
NAVI	F	-0.02%
HCC	B	-0.02%
LUMN	F	-0.02%
HP	F	-0.02%
SR	B	-0.02%
DAN	C	-0.02%
OI	F	-0.02%
CNX	B	-0.02%
CADE	B	-0.02%
SBRA	A	-0.02%
HWC	B	-0.02%
SSB	D	-0.02%
CSTM	D	-0.02%
CBOE	C	-0.02%
UBSI	D	-0.02%
ABM	B	-0.02%
ASB	A	-0.02%
ALGN	F	-0.02%
ONB	A	-0.02%
MAC	D	-0.02%
UFPI	C	-0.02%
CNO	B	-0.02%
TGNA	D	-0.02%
CIVI	B	-0.02%
CDNS	D	-0.02%
VLY	F	-0.02%
RDN	C	-0.02%
FL	F	-0.02%
SPOT	B	-0.02%
CHRD	B	-0.02%
VLTO	A	-0.02%
XRX	F	-0.02%
BKH	B	-0.02%
NSIT	A	-0.02%
BXMT	D	-0.02%
LULU	F	-0.02%
BCC	D	-0.02%
FLR	C	-0.02%
SCCO	B	-0.02%
KBH	B	-0.02%
BURL	D	-0.02%
DPZ	B	-0.02%
TPH	A	-0.02%
POR	B	-0.02%
ADNT	F	-0.02%
GNW	B	-0.02%
SM	B	-0.02%
SEDG	F	-0.01%
BIG	F	-0.01%
LGIH	F	-0.01%
ARCB	F	-0.01%
PARR	F	-0.01%
HELE	F	-0.01%
FIVE	F	-0.01%
IGT	F	-0.01%
UNFI	F	-0.01%
UNIT	F	-0.01%
BXC	D	-0.01%
JELD	F	-0.01%
OPEN	F	-0.01%
FTNT	F	-0.01%
OPCH	D	-0.01%
AMR	D	-0.01%
CRC	F	-0.01%
MLKN	D	-0.01%
SNOW	F	-0.01%
NUS	F	-0.01%
RLJ	F	-0.01%
CBRL	F	-0.01%
DRH	F	-0.01%
GTN	C	-0.01%
LXP	D	-0.01%
INDB	C	-0.01%
SBH	D	-0.01%
SMCI	D	-0.01%
CCS	D	-0.01%
PFSI	B	-0.01%
MC	C	-0.01%
RXO	D	-0.01%
URBN	D	-0.01%
UCBI	B	-0.01%
PECO	D	-0.01%
KMT	C	-0.01%
PPBI	C	-0.01%
JBGS	F	-0.01%
AUB	C	-0.01%
UVV	B	-0.01%
APAM	C	-0.01%
CATY	D	-0.01%
ARI	F	-0.01%
AIT	C	-0.01%
DIOD	B	-0.01%
HPP	F	-0.01%
FIBK	B	-0.01%
FFBC	B	-0.01%
TTMI	A	-0.01%
AMKR	C	-0.01%
NSP	C	-0.01%
IRT	B	-0.01%
CIM	F	-0.01%
SFNC	D	-0.01%
STNE	C	-0.01%
ABR	B	-0.01%
KNF	C	-0.01%
GEF	D	-0.01%
THS	F	-0.01%
LCII	D	-0.01%
RUSHA	D	-0.01%
PMT	B	-0.01%
PLXS	B	-0.01%
BDN	B	-0.01%
ARES	A	-0.01%
BGS	B	-0.01%
HRI	D	-0.01%
ANDE	F	-0.01%
FUL	C	-0.01%
ABCB	B	-0.01%
OUT	D	-0.01%
CXW	C	-0.01%
UMBF	C	-0.01%
DXCM	D	-0.01%
ENS	B	-0.01%
GTLS	B	-0.01%
WERN	D	-0.01%
PDCO	D	-0.01%
ODP	F	-0.01%
AMN	C	-0.01%
GHC	A	-0.01%
ASO	F	-0.01%
TEX	D	-0.01%
VEEV	D	-0.01%
AXL	B	-0.01%
NOMD	D	-0.01%
FND	D	-0.01%
FDS	D	-0.01%
KRG	B	-0.01%
TXRH	B	-0.01%
ESGR	B	-0.01%
ARCH	D	-0.01%
ALIT	F	-0.01%
GRAB	B	-0.01%
IDXX	D	-0.01%