IWS vs. RWK ETF Comparison

Comparison of iShares Russell Mid-cap Value ETF (IWS) to RevenueShares Mid Cap (RWK)

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

RWK

RevenueShares Mid Cap

RWK Description

The investment seeks outperform the total return performance of the S&P MidCap 400Â® Index, the fund's benchmark index (the "Benchmark Index"). The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Mid Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of mid capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$124.40

Average Daily Volume

17,773

Number of Holdings ^*

389

* may have additional holdings in another (foreign) market

Performance

Period	IWS	RWK
30 Days	5.17%	7.06%
60 Days	5.63%	7.60%
90 Days	7.53%	7.61%
12 Months	31.74%	31.18%

268 Overlapping Holdings

Symbol	Grade	Weight in IWS	Weight in RWK	Overlap
AA	B	0.12%	0.57%	0.12%
AAL	B	0.1%	2.99%	0.1%
ACHC	F	0.04%	0.06%	0.04%
ACM	A	0.16%	0.73%	0.16%
ADC	B	0.08%	0.02%	0.02%
AFG	A	0.11%	0.36%	0.11%
AGCO	D	0.06%	0.57%	0.06%
ALGM	D	0.03%	0.03%	0.03%
ALLY	C	0.1%	0.76%	0.1%
AM	A	0.04%	0.05%	0.04%
AMED	F	0.03%	0.09%	0.03%
AMG	B	0.06%	0.1%	0.06%
AMH	D	0.14%	0.06%	0.06%
AMKR	D	0.03%	0.23%	0.03%
AN	C	0.05%	1.12%	0.05%
AR	B	0.1%	0.21%	0.1%
ARMK	B	0.11%	0.76%	0.11%
ARW	D	0.07%	1.15%	0.07%
ASH	D	0.04%	0.08%	0.04%
ATR	B	0.12%	0.17%	0.12%
AVT	C	0.05%	1.05%	0.05%
AVTR	F	0.15%	0.23%	0.15%
AXTA	A	0.1%	0.26%	0.1%
AYI	B	0.11%	0.21%	0.11%
AZTA	D	0.02%	0.02%	0.02%
BC	C	0.06%	0.25%	0.06%
BERY	B	0.08%	0.52%	0.08%
BHF	B	0.03%	0.2%	0.03%
BIO	D	0.07%	0.12%	0.07%
BJ	A	0.13%	0.92%	0.13%
BLD	D	0.11%	0.21%	0.11%
BMRN	D	0.13%	0.08%	0.08%
BRBR	A	0.1%	0.1%	0.1%
BRKR	D	0.02%	0.11%	0.02%
BRX	A	0.1%	0.05%	0.05%
BWXT	B	0.1%	0.14%	0.1%
BYD	C	0.06%	0.19%	0.06%
CACI	D	0.11%	0.33%	0.11%
CAR	C	0.01%	0.7%	0.01%
CASY	A	0.13%	0.67%	0.13%
CBSH	A	0.09%	0.09%	0.09%
CC	C	0.03%	0.26%	0.03%
CCK	C	0.12%	0.49%	0.12%
CFR	B	0.09%	0.15%	0.09%
CG	A	0.12%	0.17%	0.12%
CGNX	C	0.07%	0.04%	0.04%
CHE	D	0.08%	0.1%	0.08%
CHH	A	0.01%	0.07%	0.01%
CHRD	D	0.09%	0.18%	0.09%
CIEN	B	0.11%	0.21%	0.11%
CIVI	D	0.04%	0.2%	0.04%
CLF	F	0.04%	0.85%	0.04%
CLH	B	0.14%	0.24%	0.14%
CNH	C	0.1%	1.0%	0.1%
CNM	D	0.03%	0.3%	0.03%
CNXC	F	0.02%	0.21%	0.02%
COHR	B	0.14%	0.25%	0.14%
COKE	C	0.08%	0.26%	0.08%
COLB	A	0.07%	0.16%	0.07%
COLM	B	0.03%	0.15%	0.03%
COTY	F	0.03%	0.21%	0.03%
CPRI	F	0.03%	0.11%	0.03%
CR	A	0.09%	0.11%	0.09%
CRI	D	0.02%	0.09%	0.02%
CROX	D	0.05%	0.13%	0.05%
CRUS	D	0.06%	0.06%	0.06%
CSL	C	0.19%	0.23%	0.19%
CUBE	D	0.12%	0.04%	0.04%
CUZ	B	0.05%	0.04%	0.04%
CW	B	0.15%	0.15%	0.15%
CXT	B	0.03%	0.06%	0.03%
DAR	C	0.08%	0.3%	0.08%
DBX	B	0.05%	0.12%	0.05%
DCI	B	0.1%	0.16%	0.1%
DINO	D	0.07%	1.24%	0.07%
DKS	C	0.11%	0.52%	0.11%
DLB	B	0.05%	0.05%	0.05%
DOCS	C	0.06%	0.03%	0.03%
DTM	B	0.11%	0.05%	0.05%
EEFT	B	0.05%	0.16%	0.05%
EGP	F	0.09%	0.02%	0.02%
EHC	B	0.11%	0.23%	0.11%
ELS	C	0.14%	0.06%	0.06%
EME	C	0.15%	0.73%	0.15%
ENOV	C	0.03%	0.08%	0.03%
EPR	D	0.04%	0.03%	0.03%
ESAB	B	0.08%	0.15%	0.08%
EVR	B	0.12%	0.14%	0.12%
EWBC	A	0.16%	0.23%	0.16%
EXEL	B	0.02%	0.11%	0.02%
EXP	A	0.03%	0.11%	0.03%
FAF	A	0.07%	0.23%	0.07%
FBIN	D	0.1%	0.18%	0.1%
FCN	D	0.08%	0.14%	0.08%
FHN	A	0.12%	0.27%	0.12%
FIVE	F	0.01%	0.14%	0.01%
FLO	D	0.04%	0.2%	0.04%
FLS	B	0.09%	0.24%	0.09%
FNB	A	0.06%	0.12%	0.06%
FND	C	0.08%	0.17%	0.08%
FNF	B	0.18%	0.54%	0.18%
FR	C	0.08%	0.02%	0.02%
FYBR	D	0.09%	0.23%	0.09%
G	B	0.09%	0.22%	0.09%
GAP	C	0.05%	0.66%	0.05%
GGG	B	0.16%	0.1%	0.1%
GLPI	C	0.14%	0.06%	0.06%
GME	C	0.11%	0.25%	0.11%
GMED	A	0.1%	0.11%	0.1%
GNTX	C	0.08%	0.1%	0.08%
GPK	C	0.09%	0.36%	0.09%
GXO	B	0.08%	0.51%	0.08%
H	B	0.06%	0.31%	0.06%
HLI	B	0.1%	0.1%	0.1%
HOG	D	0.04%	0.22%	0.04%
HRB	D	0.07%	0.14%	0.07%
HXL	D	0.05%	0.08%	0.05%
IBKR	A	0.21%	0.51%	0.21%
IDA	A	0.07%	0.09%	0.07%
ILMN	D	0.24%	0.2%	0.2%
INGR	B	0.1%	0.36%	0.1%
IPGP	D	0.02%	0.05%	0.02%
IRDM	D	0.03%	0.04%	0.03%
ITT	A	0.14%	0.16%	0.14%
JAZZ	B	0.08%	0.19%	0.08%
JEF	A	0.1%	0.47%	0.1%
JHG	A	0.06%	0.12%	0.06%
JLL	D	0.09%	0.94%	0.09%
JWN	C	0.03%	0.65%	0.03%
KBR	F	0.08%	0.29%	0.08%
KD	B	0.07%	0.81%	0.07%
KEX	C	0.08%	0.15%	0.08%
KMPR	B	0.05%	0.23%	0.05%
KNX	B	0.1%	0.34%	0.1%
KRC	C	0.05%	0.05%	0.05%
LAD	A	0.11%	1.89%	0.11%
LAMR	D	0.09%	0.09%	0.09%
LEA	D	0.06%	0.91%	0.06%
LECO	B	0.09%	0.2%	0.09%
LFUS	F	0.06%	0.09%	0.06%
LITE	B	0.06%	0.09%	0.06%
LOPE	B	0.03%	0.05%	0.03%
LPX	B	0.02%	0.14%	0.02%
LSCC	D	0.01%	0.03%	0.01%
LSTR	D	0.07%	0.21%	0.07%
M	D	0.05%	1.03%	0.05%
MAN	D	0.03%	0.68%	0.03%
MASI	A	0.04%	0.12%	0.04%
MAT	D	0.07%	0.23%	0.07%
MIDD	C	0.08%	0.17%	0.08%
MKSI	C	0.07%	0.15%	0.07%
MSA	D	0.07%	0.07%	0.07%
MSM	C	0.04%	0.18%	0.04%
MTDR	B	0.07%	0.16%	0.07%
MTG	C	0.07%	0.05%	0.05%
MTN	C	0.01%	0.12%	0.01%
MTSI	B	0.08%	0.04%	0.04%
MTZ	B	0.09%	0.63%	0.09%
NEU	C	0.04%	0.11%	0.04%
NFG	A	0.06%	0.07%	0.06%
NNN	D	0.08%	0.03%	0.03%
NOV	C	0.07%	0.38%	0.07%
NSA	D	0.03%	0.03%	0.03%
NVST	B	0.04%	0.11%	0.04%
NVT	B	0.13%	0.16%	0.13%
NXST	C	0.03%	0.21%	0.03%
NYT	C	0.09%	0.11%	0.09%
OC	A	0.18%	0.49%	0.18%
OGE	B	0.09%	0.12%	0.09%
OHI	C	0.11%	0.04%	0.04%
OLED	D	0.04%	0.02%	0.02%
OLLI	D	0.06%	0.09%	0.06%
OLN	D	0.05%	0.27%	0.05%
ONTO	D	0.06%	0.03%	0.03%
ORI	A	0.1%	0.34%	0.1%
OSK	B	0.08%	0.49%	0.08%
OVV	B	0.13%	0.51%	0.13%
OZK	B	0.06%	0.13%	0.06%
PAG	B	0.03%	1.34%	0.03%
PB	A	0.08%	0.08%	0.08%
PFGC	B	0.12%	2.85%	0.12%
PII	D	0.04%	0.29%	0.04%
PK	B	0.03%	0.12%	0.03%
PLNT	A	0.04%	0.05%	0.04%
PNFP	B	0.1%	0.15%	0.1%
POST	C	0.06%	0.31%	0.06%
PPC	C	0.02%	0.93%	0.02%
PR	B	0.08%	0.21%	0.08%
PRGO	B	0.04%	0.18%	0.04%
PRI	A	0.11%	0.15%	0.11%
PSN	D	0.05%	0.26%	0.05%
PSTG	D	0.02%	0.13%	0.02%
PVH	C	0.06%	0.41%	0.06%
R	B	0.08%	0.62%	0.08%
RBC	A	0.1%	0.07%	0.07%
RCM	F	0.02%	0.1%	0.02%
REXR	F	0.1%	0.03%	0.03%
RGA	A	0.17%	0.97%	0.17%
RGEN	D	0.07%	0.03%	0.03%
RGLD	C	0.1%	0.03%	0.03%
RH	B	0.04%	0.13%	0.04%
RLI	B	0.08%	0.08%	0.08%
RNR	C	0.15%	0.44%	0.15%
ROIV	C	0.05%	0.01%	0.01%
RPM	A	0.15%	0.34%	0.15%
RRC	B	0.09%	0.11%	0.09%
RRX	B	0.12%	0.3%	0.12%
RS	B	0.2%	0.67%	0.2%
RYN	D	0.05%	0.04%	0.04%
SAIA	B	0.06%	0.16%	0.06%
SAIC	F	0.07%	0.28%	0.07%
SAM	C	0.02%	0.1%	0.02%
SCI	B	0.13%	0.18%	0.13%
SEIC	B	0.09%	0.1%	0.09%
SF	B	0.13%	0.31%	0.13%
SHC	F	0.02%	0.04%	0.02%
SKX	D	0.08%	0.32%	0.08%
SLGN	A	0.05%	0.26%	0.05%
SLM	A	0.06%	0.15%	0.06%
SMG	D	0.04%	0.16%	0.04%
SNV	B	0.09%	0.17%	0.09%
SNX	C	0.1%	2.42%	0.1%
SON	D	0.05%	0.25%	0.05%
SSD	D	0.08%	0.09%	0.08%
ST	F	0.05%	0.16%	0.05%
STAG	F	0.07%	0.03%	0.03%
STWD	C	0.07%	0.09%	0.07%
THC	D	0.16%	0.88%	0.16%
THG	A	0.06%	0.29%	0.06%
THO	B	0.06%	0.46%	0.06%
TKO	B	0.09%	0.11%	0.09%
TKR	D	0.05%	0.18%	0.05%
TNL	A	0.04%	0.2%	0.04%
TOL	B	0.17%	0.45%	0.17%
TTC	D	0.09%	0.18%	0.09%
TTEK	F	0.1%	0.19%	0.1%
UA	C	0.02%	0.14%	0.02%
UAA	C	0.02%	0.15%	0.02%
UGI	A	0.06%	0.3%	0.06%
UNM	A	0.15%	0.7%	0.15%
USFD	A	0.16%	1.7%	0.16%
UTHR	C	0.17%	0.13%	0.13%
VAC	B	0.03%	0.25%	0.03%
VMI	B	0.07%	0.21%	0.07%
VNO	B	0.08%	0.09%	0.08%
VNT	B	0.07%	0.15%	0.07%
VOYA	B	0.09%	0.35%	0.09%
WAL	B	0.11%	0.22%	0.11%
WBS	A	0.11%	0.23%	0.11%
WCC	B	0.1%	1.2%	0.1%
WEN	D	0.02%	0.1%	0.02%
WEX	D	0.07%	0.1%	0.07%
WH	B	0.07%	0.07%	0.07%
WHR	B	0.07%	0.9%	0.07%
WLK	D	0.05%	0.47%	0.05%
WMS	D	0.06%	0.11%	0.06%
WPC	D	0.13%	0.06%	0.06%
WSM	B	0.07%	0.29%	0.07%
WSO	A	0.2%	0.34%	0.2%
WTFC	A	0.09%	0.21%	0.09%
WTRG	B	0.11%	0.08%	0.08%
WU	D	0.03%	0.16%	0.03%
WWD	B	0.11%	0.14%	0.11%
X	C	0.09%	0.72%	0.09%
XRAY	F	0.04%	0.11%	0.04%
YETI	C	0.03%	0.07%	0.03%
ZI	D	0.03%	0.05%	0.03%
ZION	B	0.1%	0.26%	0.1%

IWS Overweight 439 Positions Relative to RWK

Symbol	Grade	Weight
WMB	A	0.76%
OKE	A	0.7%
AFL	B	0.68%
AJG	B	0.65%
BK	A	0.64%
DLR	B	0.64%
KMI	A	0.58%
MSTR	C	0.55%
O	D	0.54%
CMI	A	0.54%
FIS	C	0.54%
DHI	D	0.53%
LHX	C	0.51%
CCI	D	0.5%
KVUE	A	0.5%
PRU	A	0.5%
PEG	A	0.49%
AME	A	0.49%
PCG	A	0.49%
SPG	B	0.48%
ALL	A	0.48%
DFS	B	0.48%
HWM	A	0.47%
BKR	B	0.47%
EA	A	0.47%
URI	B	0.46%
DAL	C	0.45%
IR	B	0.45%
CBRE	B	0.44%
OTIS	C	0.44%
LEN	D	0.44%
CTVA	C	0.43%
XEL	A	0.43%
EXC	C	0.43%
FERG	B	0.42%
CTSH	B	0.42%
KR	B	0.42%
A	D	0.41%
CHTR	C	0.4%
ACGL	D	0.4%
NUE	C	0.39%
GIS	D	0.39%
ROST	C	0.39%
GLW	B	0.39%
MTB	A	0.39%
RCL	A	0.39%
WAB	B	0.38%
DD	D	0.38%
EXR	D	0.38%
HIG	B	0.38%
HUM	C	0.37%
FANG	D	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%
ETR	B	0.35%
EIX	B	0.35%
WTW	B	0.35%
FITB	A	0.35%
TTWO	A	0.34%
IQV	D	0.34%
DOW	F	0.34%
WEC	A	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%
STT	A	0.32%
CSGP	D	0.32%
ANSS	B	0.32%
XYL	D	0.32%
PAYX	C	0.32%
ON	D	0.31%
EQR	B	0.31%
SQ	B	0.3%
HPQ	B	0.3%
HPE	B	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%
FCNCA	A	0.29%
PHM	D	0.29%
CHD	B	0.29%
SW	A	0.29%
ADM	D	0.28%
HBAN	A	0.28%
VTR	C	0.28%
SYF	B	0.28%
NVR	D	0.28%
CCL	B	0.27%
DVN	F	0.27%
RF	A	0.27%
AEE	A	0.27%
EFX	F	0.27%
RMD	C	0.27%
DTE	C	0.27%
MTD	D	0.27%
PPL	B	0.27%
YUM	B	0.26%
CINF	A	0.26%
BIIB	F	0.26%
HUBB	B	0.26%
EQT	B	0.26%
SBAC	D	0.26%
LNG	B	0.26%
FE	C	0.26%
WBD	C	0.25%
WY	D	0.25%
ZBH	C	0.25%
HSY	F	0.24%
ZM	B	0.24%
HOOD	B	0.24%
NTRS	A	0.24%
EXE	B	0.24%
LYB	F	0.24%
LDOS	C	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%
INVH	D	0.23%
STLD	B	0.23%
PKG	A	0.23%
CBOE	B	0.23%
K	A	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%
CTRA	B	0.21%
BLDR	D	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%
HOLX	D	0.2%
TSN	B	0.2%
ARE	D	0.2%
MAA	B	0.2%
SNA	A	0.2%
CVNA	B	0.19%
GPC	D	0.19%
TRMB	B	0.19%
MAS	D	0.19%
IEX	B	0.19%
J	F	0.19%
TRU	D	0.19%
PNR	A	0.19%
CF	B	0.18%
MRO	B	0.18%
GEN	B	0.18%
BAX	D	0.18%
KIM	A	0.18%
NI	A	0.18%
DG	F	0.18%
MKL	A	0.18%
L	A	0.17%
VTRS	A	0.17%
SUI	D	0.17%
ZBRA	B	0.17%
LNT	A	0.17%
SSNC	B	0.17%
TXT	D	0.17%
SYY	B	0.16%
EXPD	D	0.16%
EVRG	A	0.16%
IRM	D	0.16%
VRSN	F	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%
AMCR	D	0.16%
JBHT	C	0.16%
TWLO	A	0.15%
NTAP	C	0.15%
EG	C	0.15%
SWKS	F	0.15%
RVTY	F	0.15%
REG	B	0.15%
VLTO	D	0.15%
FFIV	B	0.15%
BXP	D	0.14%
CPT	B	0.14%
JKHY	D	0.14%
CAG	D	0.14%
BG	F	0.14%
CHRW	C	0.14%
DLTR	F	0.14%
AFRM	B	0.14%
JBL	B	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%
Z	A	0.13%
UHS	D	0.13%
CAH	B	0.13%
EMN	D	0.13%
CDW	F	0.13%
FDS	B	0.13%
SOFI	A	0.13%
JNPR	F	0.13%
HST	C	0.13%
FTI	A	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%
CTLT	B	0.12%
FWONK	B	0.12%
NWSA	B	0.12%
TAP	C	0.12%
SJM	D	0.12%
NRG	B	0.12%
CRL	C	0.11%
DOX	D	0.11%
COIN	C	0.11%
GL	B	0.11%
MKTX	D	0.11%
DPZ	C	0.11%
AVY	D	0.11%
AES	F	0.11%
NLY	C	0.11%
LKQ	D	0.11%
RPRX	D	0.11%
DAY	B	0.11%
IPG	D	0.11%
ALSN	B	0.11%
PNW	B	0.11%
GWRE	A	0.1%
AOS	F	0.1%
MGM	D	0.1%
HSIC	B	0.1%
PTC	A	0.1%
TFX	F	0.1%
WST	C	0.1%
TW	A	0.1%
CMA	A	0.1%
FRT	B	0.1%
SOLV	C	0.1%
DRI	B	0.1%
BWA	D	0.09%
ACI	C	0.09%
MTCH	D	0.09%
CZR	F	0.09%
APG	B	0.09%
APA	D	0.09%
FICO	B	0.09%
CPB	D	0.09%
WAT	B	0.09%
RIVN	F	0.09%
RL	B	0.09%
MOS	F	0.09%
HRL	D	0.09%
WYNN	D	0.09%
ELAN	D	0.08%
ALGN	D	0.08%
ATI	D	0.08%
AGNC	D	0.08%
VFC	C	0.08%
BBWI	D	0.08%
CART	C	0.08%
FAST	B	0.08%
MHK	D	0.08%
LBRDK	C	0.08%
LW	C	0.08%
RHI	B	0.08%
ROKU	D	0.08%
HII	D	0.08%
LNC	B	0.07%
CE	F	0.07%
S	B	0.07%
WBA	F	0.07%
BPOP	B	0.07%
BEN	C	0.07%
QRVO	F	0.07%
COLD	D	0.07%
OMF	A	0.07%
SIRI	C	0.07%
MOH	F	0.07%
ESI	A	0.07%
PARA	C	0.07%
IVZ	B	0.07%
BILL	A	0.07%
OKTA	C	0.07%
HR	C	0.07%
AZPN	A	0.07%
GWW	B	0.07%
AXS	A	0.07%
ALK	C	0.07%
FMC	D	0.07%
AMP	A	0.06%
AL	B	0.06%
BFAM	D	0.06%
CCCS	B	0.06%
SN	D	0.06%
EXAS	D	0.06%
GNRC	B	0.06%
RITM	C	0.06%
FOX	A	0.06%
GTES	A	0.05%
TPG	A	0.05%
PAYC	B	0.05%
AWI	A	0.05%
WSC	D	0.05%
AGO	B	0.05%
FRPT	B	0.05%
WTM	A	0.05%
HUN	F	0.04%
ZG	A	0.04%
ALNY	D	0.04%
HIW	D	0.04%
FHB	A	0.04%
UHAL	D	0.04%
IAC	D	0.04%
W	F	0.04%
NWS	B	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%
TYL	B	0.04%
OGN	D	0.04%
LINE	F	0.04%
SITE	D	0.04%
GFS	C	0.04%
HAYW	B	0.03%
CWEN	C	0.03%
ULTA	F	0.03%
PINC	B	0.03%
BR	A	0.03%
SPB	C	0.03%
MP	B	0.03%
HHH	B	0.03%
MPW	F	0.03%
AGR	B	0.03%
BOKF	B	0.03%
SEE	C	0.03%
VIRT	B	0.03%
ECG	C	0.03%
U	C	0.03%
SNRE	D	0.03%
LLYVK	A	0.03%
BROS	B	0.03%
SPR	D	0.03%
AMTM	D	0.03%
PENN	C	0.03%
TER	D	0.02%
TRIP	F	0.02%
SNDR	B	0.02%
REYN	D	0.02%
LEG	F	0.02%
FTRE	D	0.02%
QS	F	0.02%
CLVT	F	0.02%
GO	C	0.02%
BIRK	D	0.02%
LEN	D	0.02%
ALAB	B	0.02%
VSTS	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%
QDEL	F	0.02%
LYFT	C	0.02%
LBTYA	B	0.02%
GLOB	B	0.02%
ADT	C	0.02%
AAP	C	0.02%
TXG	F	0.01%
PLTK	B	0.01%
DJT	C	0.01%
CACC	D	0.01%
SEB	F	0.01%
PATH	C	0.01%
TFSL	A	0.01%
UI	A	0.01%
WOLF	F	0.01%
CWEN	C	0.01%
HCP	B	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 121 Positions Relative to RWK

Symbol	Grade	Weight
PBF	D	-1.5%
GT	C	-0.97%
MUSA	A	-0.88%
FLR	B	-0.73%
EQH	B	-0.68%
ALV	C	-0.46%
XPO	B	-0.46%
BURL	A	-0.42%
SFM	A	-0.42%
CMC	B	-0.4%
TMHC	B	-0.32%
FIX	A	-0.32%
WMG	C	-0.31%
UFPI	B	-0.31%
KBH	D	-0.25%
GEF	A	-0.25%
AIT	A	-0.25%
TXRH	C	-0.25%
GTLS	B	-0.24%
NSP	D	-0.23%
SWX	B	-0.23%
GHC	C	-0.23%
HGV	B	-0.22%
CNO	A	-0.22%
TPX	B	-0.22%
LII	A	-0.22%
TEX	D	-0.22%
SIGI	C	-0.21%
WFRD	D	-0.21%
ANF	C	-0.2%
MMS	F	-0.2%
RBA	A	-0.19%
BCO	D	-0.18%
ASGN	F	-0.18%
CHX	C	-0.17%
VC	D	-0.17%
CBT	C	-0.17%
VLY	B	-0.17%
ENS	D	-0.15%
ONB	B	-0.14%
KNF	A	-0.14%
MUR	D	-0.14%
AVNT	B	-0.14%
CADE	B	-0.13%
UMBF	B	-0.13%
FN	D	-0.13%
OPCH	D	-0.13%
POR	C	-0.12%
RYAN	B	-0.11%
LNW	D	-0.11%
SR	A	-0.11%
CHDN	B	-0.11%
SSB	B	-0.11%
BDC	B	-0.11%
ASB	B	-0.11%
VSH	D	-0.11%
TCBI	B	-0.1%
HWC	B	-0.1%
MORN	B	-0.1%
WTS	B	-0.1%
OGS	A	-0.09%
NBIX	C	-0.09%
EXLS	B	-0.09%
BKH	A	-0.09%
UBSI	B	-0.08%
PCTY	B	-0.08%
TDC	D	-0.08%
LANC	C	-0.08%
FHI	A	-0.08%
VAL	D	-0.08%
MEDP	D	-0.08%
CNX	A	-0.08%
PNM	F	-0.08%
ALE	A	-0.07%
DT	C	-0.07%
HAE	C	-0.07%
HOMB	A	-0.07%
GATX	A	-0.07%
VVV	F	-0.07%
AAON	B	-0.07%
NJR	A	-0.07%
SRPT	D	-0.06%
TREX	C	-0.06%
HQY	B	-0.06%
PEN	B	-0.06%
NWE	B	-0.06%
KNSL	B	-0.06%
GBCI	B	-0.06%
LNTH	D	-0.05%
BLKB	B	-0.05%
TPL	A	-0.05%
CELH	F	-0.05%
ELF	C	-0.05%
IBOC	A	-0.05%
LIVN	F	-0.05%
NEOG	F	-0.04%
NOVT	D	-0.04%
DUOL	A	-0.04%
ORA	B	-0.04%
SYNA	C	-0.04%
PCH	D	-0.04%
CVLT	B	-0.04%
ESNT	D	-0.04%
MANH	D	-0.04%
RMBS	C	-0.03%
IRT	A	-0.03%
SBRA	C	-0.03%
QLYS	C	-0.03%
CDP	C	-0.03%
ALTR	B	-0.03%
APPF	B	-0.03%
HALO	F	-0.03%
FFIN	B	-0.03%
HLNE	B	-0.03%
KRG	B	-0.03%
POWI	D	-0.02%
WING	D	-0.02%
EXPO	D	-0.02%
SLAB	D	-0.02%
CYTK	F	-0.0%
ARWR	F	-0.0%