IWS vs. RECS ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to Columbia Research Enhanced Core ETF (RECS)

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

$138.63

Average Daily Volume

282,879

Number of Holdings ^*

707

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

393,572

Number of Holdings ^*

361

* may have additional holdings in another (foreign) market

Performance

Period	IWS	RECS
30 Days	5.17%	3.51%
60 Days	5.63%	5.75%
90 Days	7.53%	7.12%
12 Months	31.74%	35.12%

249 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in RECS	Overlap
ACI	C	0.09%	0.04%	0.04%
ACM	A	0.16%	0.06%	0.06%
ADM	D	0.28%	0.13%	0.13%
AEE	A	0.27%	0.18%	0.18%
AES	F	0.11%	0.07%	0.07%
AIZ	A	0.13%	0.06%	0.06%
ALGM	D	0.03%	0.01%	0.01%
ALL	A	0.48%	0.27%	0.27%
ALNY	D	0.04%	0.05%	0.04%
ALSN	B	0.11%	0.04%	0.04%
AMG	B	0.06%	0.03%	0.03%
AMH	D	0.14%	0.06%	0.06%
AMKR	D	0.03%	0.01%	0.01%
AOS	F	0.1%	0.04%	0.04%
APG	B	0.09%	0.04%	0.04%
ARE	D	0.2%	0.09%	0.09%
ARMK	B	0.11%	0.04%	0.04%
ASH	D	0.04%	0.03%	0.03%
AVTR	F	0.15%	0.08%	0.08%
AXS	A	0.07%	0.04%	0.04%
AYI	B	0.11%	0.04%	0.04%
AZTA	D	0.02%	0.02%	0.02%
BAX	D	0.18%	0.1%	0.1%
BEN	C	0.07%	0.03%	0.03%
BG	F	0.14%	0.06%	0.06%
BIIB	F	0.26%	0.04%	0.04%
BILL	A	0.07%	0.02%	0.02%
BK	A	0.64%	0.3%	0.3%
BLD	D	0.11%	0.04%	0.04%
BLDR	D	0.21%	0.09%	0.09%
BMRN	D	0.13%	0.02%	0.02%
BR	A	0.03%	0.11%	0.03%
BRBR	A	0.1%	0.05%	0.05%
BRX	A	0.1%	0.05%	0.05%
CACI	D	0.11%	0.04%	0.04%
CAG	D	0.14%	0.06%	0.06%
CAH	B	0.13%	0.19%	0.13%
CBOE	B	0.23%	0.11%	0.11%
CCL	B	0.27%	0.09%	0.09%
CE	F	0.07%	0.06%	0.06%
CF	B	0.18%	0.13%	0.13%
CIEN	B	0.11%	0.02%	0.02%
CIVI	D	0.04%	0.02%	0.02%
CLF	F	0.04%	0.04%	0.04%
CMI	A	0.54%	0.21%	0.21%
CNA	B	0.01%	0.01%	0.01%
CNC	D	0.33%	0.2%	0.2%
CNM	D	0.03%	0.04%	0.03%
COKE	C	0.08%	0.03%	0.03%
COLB	A	0.07%	0.03%	0.03%
COLM	B	0.03%	0.01%	0.01%
CRI	D	0.02%	0.01%	0.01%
CROX	D	0.05%	0.02%	0.02%
CRUS	D	0.06%	0.01%	0.01%
CSGP	D	0.32%	0.16%	0.16%
CSL	C	0.19%	0.09%	0.09%
CTRA	B	0.21%	0.06%	0.06%
CVNA	B	0.19%	0.09%	0.09%
CW	B	0.15%	0.05%	0.05%
CWEN	C	0.03%	0.02%	0.02%
CWEN	C	0.01%	0.01%	0.01%
CWEN	C	0.03%	0.01%	0.01%
CWEN	C	0.01%	0.02%	0.01%
DAL	C	0.45%	0.18%	0.18%
DBX	B	0.05%	0.02%	0.02%
DCI	B	0.1%	0.04%	0.04%
DDS	B	0.01%	0.0%	0.0%
DHI	D	0.53%	0.17%	0.17%
DINO	D	0.07%	0.02%	0.02%
DKS	C	0.11%	0.04%	0.04%
DTE	C	0.27%	0.19%	0.19%
DTM	B	0.11%	0.03%	0.03%
EA	A	0.47%	0.1%	0.1%
EEFT	B	0.05%	0.02%	0.02%
EG	C	0.15%	0.09%	0.09%
EIX	B	0.35%	0.24%	0.24%
ELAN	D	0.08%	0.04%	0.04%
EME	C	0.15%	0.11%	0.11%
EPR	D	0.04%	0.02%	0.02%
ESAB	B	0.08%	0.03%	0.03%
ETR	B	0.35%	0.24%	0.24%
EVRG	A	0.16%	0.11%	0.11%
EWBC	A	0.16%	0.08%	0.08%
EXAS	D	0.06%	0.02%	0.02%
EXC	C	0.43%	0.29%	0.29%
EXEL	B	0.02%	0.02%	0.02%
EXP	A	0.03%	0.07%	0.03%
EXPD	D	0.16%	0.07%	0.07%
FANG	D	0.37%	0.1%	0.1%
FCNCA	A	0.29%	0.15%	0.15%
FFIV	B	0.15%	0.03%	0.03%
FHN	A	0.12%	0.06%	0.06%
FITB	A	0.35%	0.17%	0.17%
FLS	B	0.09%	0.03%	0.03%
FOX	A	0.06%	0.01%	0.01%
FOXA	B	0.12%	0.02%	0.02%
FTI	A	0.13%	0.04%	0.04%
FTV	C	0.29%	0.11%	0.11%
G	B	0.09%	0.03%	0.03%
GAP	C	0.05%	0.01%	0.01%
GEN	B	0.18%	0.04%	0.04%
GIS	D	0.39%	0.17%	0.17%
GL	B	0.11%	0.05%	0.05%
GLPI	C	0.14%	0.07%	0.07%
GNRC	B	0.06%	0.04%	0.04%
GPN	B	0.33%	0.15%	0.15%
GTES	A	0.05%	0.02%	0.02%
H	B	0.06%	0.02%	0.02%
HIW	D	0.04%	0.02%	0.02%
HLT	A	0.33%	0.22%	0.22%
HOLX	D	0.2%	0.11%	0.11%
HPE	B	0.3%	0.07%	0.07%
HPQ	B	0.3%	0.09%	0.09%
HRB	D	0.07%	0.03%	0.03%
HST	C	0.13%	0.06%	0.06%
INCY	C	0.13%	0.02%	0.02%
INGR	B	0.1%	0.05%	0.05%
INVH	D	0.23%	0.11%	0.11%
IONS	F	0.0%	0.01%	0.0%
ITT	A	0.14%	0.05%	0.05%
JAZZ	B	0.08%	0.04%	0.04%
JEF	A	0.1%	0.07%	0.07%
JHG	A	0.06%	0.03%	0.03%
JLL	D	0.09%	0.06%	0.06%
JNPR	F	0.13%	0.03%	0.03%
K	A	0.23%	0.1%	0.1%
KEX	C	0.08%	0.03%	0.03%
KR	B	0.42%	0.19%	0.19%
KRC	C	0.05%	0.02%	0.02%
L	A	0.17%	0.08%	0.08%
LDOS	C	0.24%	0.09%	0.09%
LEA	D	0.06%	0.02%	0.02%
LECO	B	0.09%	0.05%	0.05%
LEN	D	0.44%	0.14%	0.14%
LEN	D	0.44%	0.0%	0.0%
LEN	D	0.02%	0.14%	0.02%
LEN	D	0.02%	0.0%	0.0%
LNC	B	0.07%	0.03%	0.03%
LPX	B	0.02%	0.05%	0.02%
LSCC	D	0.01%	0.02%	0.01%
LYB	F	0.24%	0.16%	0.16%
M	D	0.05%	0.01%	0.01%
MAN	D	0.03%	0.01%	0.01%
MAS	D	0.19%	0.07%	0.07%
MGM	D	0.1%	0.03%	0.03%
MHK	D	0.08%	0.03%	0.03%
MIDD	C	0.08%	0.03%	0.03%
MOS	F	0.09%	0.06%	0.06%
MRO	B	0.18%	0.05%	0.05%
MSA	D	0.07%	0.02%	0.02%
MSM	C	0.04%	0.02%	0.02%
MTCH	D	0.09%	0.02%	0.02%
MTD	D	0.27%	0.15%	0.15%
MTG	C	0.07%	0.03%	0.03%
NEU	C	0.04%	0.02%	0.02%
NI	A	0.18%	0.12%	0.12%
NNN	D	0.08%	0.04%	0.04%
NTAP	C	0.15%	0.06%	0.06%
NTNX	A	0.13%	0.04%	0.04%
NUE	C	0.39%	0.27%	0.27%
NVR	D	0.28%	0.08%	0.08%
NWS	B	0.04%	0.01%	0.01%
NWSA	B	0.12%	0.03%	0.03%
NYT	C	0.09%	0.02%	0.02%
OC	A	0.18%	0.07%	0.07%
OGN	D	0.04%	0.02%	0.02%
OLN	D	0.05%	0.04%	0.04%
OTIS	C	0.44%	0.17%	0.17%
OZK	B	0.06%	0.03%	0.03%
PATH	C	0.01%	0.01%	0.01%
PAYX	C	0.32%	0.19%	0.19%
PCG	A	0.49%	0.34%	0.34%
PHM	D	0.29%	0.09%	0.09%
PINC	B	0.03%	0.01%	0.01%
PK	B	0.03%	0.02%	0.02%
PKG	A	0.23%	0.17%	0.17%
PLTK	B	0.01%	0.0%	0.0%
PPC	C	0.02%	0.01%	0.01%
PPG	F	0.32%	0.22%	0.22%
PRGO	B	0.04%	0.02%	0.02%
PRU	A	0.5%	0.24%	0.24%
PSTG	D	0.02%	0.04%	0.02%
PVH	C	0.06%	0.02%	0.02%
QRVO	F	0.07%	0.02%	0.02%
R	B	0.08%	0.03%	0.03%
RCL	A	0.39%	0.19%	0.19%
REYN	D	0.02%	0.01%	0.01%
RGA	A	0.17%	0.08%	0.08%
RHI	B	0.08%	0.03%	0.03%
RJF	A	0.33%	0.16%	0.16%
RL	B	0.09%	0.03%	0.03%
ROIV	C	0.05%	0.01%	0.01%
ROKU	D	0.08%	0.02%	0.02%
ROST	C	0.39%	0.16%	0.16%
RPM	A	0.15%	0.13%	0.13%
RPRX	D	0.11%	0.06%	0.06%
RS	B	0.2%	0.14%	0.14%
RYN	D	0.05%	0.02%	0.02%
SAIC	F	0.07%	0.03%	0.03%
SAM	C	0.02%	0.01%	0.01%
SBAC	D	0.26%	0.12%	0.12%
SEB	F	0.01%	0.0%	0.0%
SEIC	B	0.09%	0.04%	0.04%
SF	B	0.13%	0.06%	0.06%
SKX	D	0.08%	0.03%	0.03%
SLM	A	0.06%	0.03%	0.03%
SMG	D	0.04%	0.02%	0.02%
SNA	A	0.2%	0.08%	0.08%
SNX	C	0.1%	0.02%	0.02%
SOLV	C	0.1%	0.06%	0.06%
SON	D	0.05%	0.04%	0.04%
SPG	B	0.48%	0.31%	0.31%
SSNC	B	0.17%	0.07%	0.07%
STAG	F	0.07%	0.03%	0.03%
STLD	B	0.23%	0.16%	0.16%
STT	A	0.32%	0.15%	0.15%
SWK	D	0.14%	0.06%	0.06%
SWKS	F	0.15%	0.03%	0.03%
SYF	B	0.28%	0.14%	0.14%
TAP	C	0.12%	0.05%	0.05%
THC	D	0.16%	0.09%	0.09%
THO	B	0.06%	0.02%	0.02%
TNL	A	0.04%	0.01%	0.01%
TOL	B	0.17%	0.05%	0.05%
TPR	B	0.14%	0.04%	0.04%
TROW	B	0.29%	0.14%	0.14%
UAL	A	0.33%	0.14%	0.14%
UGI	A	0.06%	0.04%	0.04%
UNM	A	0.15%	0.07%	0.07%
UTHR	C	0.17%	0.03%	0.03%
VIRT	B	0.03%	0.02%	0.02%
VRSN	F	0.16%	0.04%	0.04%
VTRS	A	0.17%	0.1%	0.1%
WAB	B	0.38%	0.15%	0.15%
WCC	B	0.1%	0.04%	0.04%
WH	B	0.07%	0.02%	0.02%
WLK	D	0.05%	0.03%	0.03%
WPC	D	0.13%	0.06%	0.06%
WSM	B	0.07%	0.08%	0.07%
WTFC	A	0.09%	0.04%	0.04%
WTW	B	0.35%	0.17%	0.17%
WU	D	0.03%	0.02%	0.02%
WY	D	0.25%	0.11%	0.11%
WYNN	D	0.09%	0.03%	0.03%
XEL	A	0.43%	0.29%	0.29%
XRAY	F	0.04%	0.02%	0.02%
ZBH	C	0.25%	0.14%	0.14%
ZION	B	0.1%	0.05%	0.05%
ZM	B	0.24%	0.05%	0.05%

IWS Overweight 462 Positions Relative to RECS

Symbol	Grade	Weight
WMB	A	0.76%
OKE	A	0.7%
AFL	B	0.68%
AJG	B	0.65%
DLR	B	0.64%
KMI	A	0.58%
MSTR	C	0.55%
O	D	0.54%
FIS	C	0.54%
LHX	C	0.51%
CCI	D	0.5%
KVUE	A	0.5%
PEG	A	0.49%
AME	A	0.49%
DFS	B	0.48%
HWM	A	0.47%
BKR	B	0.47%
URI	B	0.46%
IR	B	0.45%
CBRE	B	0.44%
CTVA	C	0.43%
FERG	B	0.42%
CTSH	B	0.42%
A	D	0.41%
CHTR	C	0.4%
ACGL	D	0.4%
GLW	B	0.39%
MTB	A	0.39%
DD	D	0.38%
EXR	D	0.38%
HIG	B	0.38%
HUM	C	0.37%
MCHP	D	0.37%
ED	D	0.37%
GEHC	F	0.37%
MLM	B	0.37%
GRMN	B	0.36%
NDAQ	A	0.36%
AVB	B	0.36%
PWR	A	0.36%
VICI	C	0.36%
TTWO	A	0.34%
IQV	D	0.34%
DOW	F	0.34%
WEC	A	0.34%
EBAY	D	0.34%
ROK	B	0.33%
ANSS	B	0.32%
XYL	D	0.32%
ON	D	0.31%
EQR	B	0.31%
SQ	B	0.3%
VMC	B	0.3%
DOV	A	0.3%
KEYS	A	0.29%
HAL	C	0.29%
AWK	D	0.29%
CHD	B	0.29%
SW	A	0.29%
HBAN	A	0.28%
VTR	C	0.28%
DVN	F	0.27%
RF	A	0.27%
EFX	F	0.27%
RMD	C	0.27%
PPL	B	0.27%
YUM	B	0.26%
CINF	A	0.26%
HUBB	B	0.26%
EQT	B	0.26%
LNG	B	0.26%
FE	C	0.26%
WBD	C	0.25%
HSY	F	0.24%
HOOD	B	0.24%
NTRS	A	0.24%
EXE	B	0.24%
ILMN	D	0.24%
TDY	B	0.24%
STE	F	0.24%
ATO	A	0.24%
ES	D	0.24%
IFF	D	0.24%
WDC	D	0.23%
CFG	B	0.23%
LH	C	0.22%
PFG	D	0.22%
BBY	D	0.22%
IP	B	0.22%
CMS	C	0.22%
FSLR	F	0.22%
MKC	D	0.21%
OMC	C	0.21%
BALL	D	0.21%
IBKR	A	0.21%
ESS	B	0.21%
MSCI	C	0.21%
COO	D	0.21%
LUV	C	0.21%
CNP	B	0.21%
KEY	B	0.2%
DGX	A	0.2%
WRB	A	0.2%
WSO	A	0.2%
TSN	B	0.2%
MAA	B	0.2%
GPC	D	0.19%
TRMB	B	0.19%
IEX	B	0.19%
J	F	0.19%
TRU	D	0.19%
PNR	A	0.19%
FNF	B	0.18%
KIM	A	0.18%
DG	F	0.18%
MKL	A	0.18%
SUI	D	0.17%
ZBRA	B	0.17%
LNT	A	0.17%
TXT	D	0.17%
SYY	B	0.16%
IRM	D	0.16%
HES	B	0.16%
APTV	D	0.16%
NDSN	B	0.16%
UDR	B	0.16%
DOC	D	0.16%
BRO	B	0.16%
USFD	A	0.16%
AMCR	D	0.16%
JBHT	C	0.16%
GGG	B	0.16%
TWLO	A	0.15%
RNR	C	0.15%
RVTY	F	0.15%
REG	B	0.15%
VLTO	D	0.15%
BXP	D	0.14%
CPT	B	0.14%
COHR	B	0.14%
JKHY	D	0.14%
CLH	B	0.14%
CHRW	C	0.14%
DLTR	F	0.14%
AFRM	B	0.14%
JBL	B	0.14%
ELS	C	0.14%
AKAM	D	0.14%
KMX	B	0.13%
BJ	A	0.13%
OVV	B	0.13%
Z	A	0.13%
UHS	D	0.13%
EMN	D	0.13%
CDW	F	0.13%
FDS	B	0.13%
SOFI	A	0.13%
SCI	B	0.13%
NVT	B	0.13%
ALB	C	0.13%
EPAM	C	0.13%
ALLE	D	0.13%
CASY	A	0.13%
TECH	D	0.12%
CCK	C	0.12%
CTLT	B	0.12%
EVR	B	0.12%
CUBE	D	0.12%
FWONK	B	0.12%
PFGC	B	0.12%
ATR	B	0.12%
AA	B	0.12%
SJM	D	0.12%
CG	A	0.12%
RRX	B	0.12%
NRG	B	0.12%
CRL	C	0.11%
DOX	D	0.11%
COIN	C	0.11%
WTRG	B	0.11%
MKTX	D	0.11%
WAL	B	0.11%
DPZ	C	0.11%
EHC	B	0.11%
AVY	D	0.11%
OHI	C	0.11%
AFG	A	0.11%
NLY	C	0.11%
GME	C	0.11%
LKQ	D	0.11%
DAY	B	0.11%
LAD	A	0.11%
IPG	D	0.11%
WWD	B	0.11%
WBS	A	0.11%
PRI	A	0.11%
PNW	B	0.11%
TTEK	F	0.1%
GWRE	A	0.1%
ALLY	C	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%
RBC	A	0.1%
AXTA	A	0.1%
TFX	F	0.1%
WST	C	0.1%
TW	A	0.1%
REXR	F	0.1%
GMED	A	0.1%
FBIN	D	0.1%
RGLD	C	0.1%
BWXT	B	0.1%
CMA	A	0.1%
FRT	B	0.1%
ORI	A	0.1%
DRI	B	0.1%
CNH	C	0.1%
PNFP	B	0.1%
BWA	D	0.09%
CHRD	D	0.09%
RRC	B	0.09%
CZR	F	0.09%
SNV	B	0.09%
X	C	0.09%
APA	D	0.09%
TKO	B	0.09%
CFR	B	0.09%
FICO	B	0.09%
CPB	D	0.09%
VOYA	B	0.09%
LAMR	D	0.09%
WAT	B	0.09%
EGP	F	0.09%
RIVN	F	0.09%
GPK	C	0.09%
TTC	D	0.09%
HRL	D	0.09%
CR	A	0.09%
MTZ	B	0.09%
FYBR	D	0.09%
CBSH	A	0.09%
OGE	B	0.09%
RLI	B	0.08%
DAR	C	0.08%
FCN	D	0.08%
MTSI	B	0.08%
GXO	B	0.08%
FND	C	0.08%
SSD	D	0.08%
ALGN	D	0.08%
FR	C	0.08%
ATI	D	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%
CART	C	0.08%
FAST	B	0.08%
LBRDK	C	0.08%
LW	C	0.08%
PB	A	0.08%
CHE	D	0.08%
ADC	B	0.08%
PR	B	0.08%
HII	D	0.08%
BERY	B	0.08%
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%
COLD	D	0.07%
OMF	A	0.07%
MTDR	B	0.07%
MAT	D	0.07%
NOV	C	0.07%
SIRI	C	0.07%
MOH	F	0.07%
ESI	A	0.07%
KD	B	0.07%
PARA	C	0.07%
IVZ	B	0.07%
CGNX	C	0.07%
LSTR	D	0.07%
OKTA	C	0.07%
FAF	A	0.07%
MKSI	C	0.07%
HR	C	0.07%
WEX	D	0.07%
AZPN	A	0.07%
GWW	B	0.07%
VMI	B	0.07%
ALK	C	0.07%
FMC	D	0.07%
AMP	A	0.06%
BYD	C	0.06%
AL	B	0.06%
BFAM	D	0.06%
POST	C	0.06%
CCCS	B	0.06%
SN	D	0.06%
BC	C	0.06%
LITE	B	0.06%
RITM	C	0.06%
NFG	A	0.06%
OLLI	D	0.06%
DOCS	C	0.06%
WMS	D	0.06%
SAIA	B	0.06%
ONTO	D	0.06%
THG	A	0.06%
LFUS	F	0.06%
AGCO	D	0.06%
FNB	A	0.06%
TPG	A	0.05%
DLB	B	0.05%
PAYC	B	0.05%
AN	C	0.05%
KMPR	B	0.05%
SLGN	A	0.05%
AWI	A	0.05%
PSN	D	0.05%
WSC	D	0.05%
CUZ	B	0.05%
AGO	B	0.05%
ST	F	0.05%
AVT	C	0.05%
FRPT	B	0.05%
HXL	D	0.05%
WTM	A	0.05%
TKR	D	0.05%
HUN	F	0.04%
AM	A	0.04%
ZG	A	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%
NWL	B	0.04%
VNOM	A	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	B	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%
YETI	C	0.03%
ULTA	F	0.03%
CPRI	F	0.03%
SPB	C	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%
SEE	C	0.03%
ECG	C	0.03%
U	C	0.03%
AMED	F	0.03%
NSA	D	0.03%
PAG	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%
TER	D	0.02%
TRIP	F	0.02%
SNDR	B	0.02%
LEG	F	0.02%
FTRE	D	0.02%
WEN	D	0.02%
UA	C	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%
RKT	F	0.02%
AZEK	A	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%
BRKR	D	0.02%
GLOB	B	0.02%
SHC	F	0.02%
ADT	C	0.02%
AAP	C	0.02%
RCM	F	0.02%
TXG	F	0.01%
CHH	A	0.01%
DJT	C	0.01%
CACC	D	0.01%
TFSL	A	0.01%
UI	A	0.01%
WOLF	F	0.01%
FIVE	F	0.01%
HCP	B	0.01%
MTN	C	0.01%
CAR	C	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%
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%

IWS Underweight 116 Positions Relative to RECS

Symbol	Grade	Weight
NVDA	C	-8.6%
AAPL	C	-8.2%
MSFT	F	-7.47%
AMZN	C	-4.7%
JPM	A	-3.69%
META	D	-2.88%
JNJ	D	-2.34%
GOOGL	C	-2.33%
PG	A	-1.98%
GOOG	C	-1.97%
BAC	A	-1.67%
XOM	B	-1.56%
WFC	A	-1.38%
TMO	F	-1.23%
PM	B	-1.01%
CAT	B	-0.81%
CVX	A	-0.8%
BLK	C	-0.79%
CRM	B	-0.74%
BMY	B	-0.73%
C	A	-0.7%
MDT	D	-0.68%
FI	A	-0.66%
UNP	C	-0.61%
BKNG	A	-0.6%
UBER	D	-0.6%
MMC	B	-0.58%
CI	F	-0.57%
CSCO	B	-0.56%
ABBV	D	-0.55%
ADP	B	-0.52%
ADBE	C	-0.52%
MCK	B	-0.51%
NOW	A	-0.5%
LMT	D	-0.49%
TJX	A	-0.48%
DIS	B	-0.48%
AMT	D	-0.48%
MO	A	-0.47%
EQIX	A	-0.45%
PYPL	B	-0.45%
CME	A	-0.44%
INTU	C	-0.43%
QCOM	F	-0.42%
TT	A	-0.41%
BDX	F	-0.41%
UPS	C	-0.41%
VST	B	-0.4%
HCA	F	-0.4%
PH	A	-0.38%
T	A	-0.37%
CL	D	-0.37%
WM	A	-0.37%
PLTR	B	-0.33%
CTAS	B	-0.32%
MMM	D	-0.3%
AMGN	D	-0.29%
CSX	B	-0.29%
PANW	C	-0.28%
FDX	B	-0.28%
TGT	F	-0.27%
PCAR	B	-0.25%
ANET	C	-0.25%
COR	B	-0.25%
MET	A	-0.25%
LRCX	F	-0.23%
EOG	A	-0.23%
KMB	D	-0.23%
APP	B	-0.21%
VRTX	F	-0.21%
VRT	B	-0.21%
CRWD	B	-0.2%
MSI	B	-0.2%
GILD	C	-0.19%
SPOT	B	-0.16%
PSX	C	-0.16%
MPC	D	-0.16%
REGN	F	-0.15%
FTNT	C	-0.14%
TTD	B	-0.13%
VLO	C	-0.13%
LULU	C	-0.13%
KHC	F	-0.13%
DDOG	A	-0.1%
DECK	A	-0.1%
OXY	D	-0.1%
TEAM	A	-0.09%
DELL	C	-0.09%
EXPE	B	-0.08%
EQH	B	-0.08%
FIX	A	-0.07%
BURL	A	-0.06%
QGEN	D	-0.06%
LVS	C	-0.06%
MPWR	F	-0.06%
MEDP	D	-0.05%
NTRA	B	-0.04%
MANH	D	-0.04%
DOCU	A	-0.04%
PINS	D	-0.04%
CRBG	B	-0.04%
ZS	C	-0.04%
TXRH	C	-0.04%
LNW	D	-0.03%
XP	F	-0.03%
GTLB	B	-0.02%
WFRD	D	-0.02%
SMAR	A	-0.02%
MRNA	F	-0.02%
NBIX	C	-0.02%
APLS	D	-0.01%
RARE	D	-0.01%
ADTN	A	-0.01%
PEGA	A	-0.01%
VKTX	F	-0.01%
SRPT	D	-0.01%