AVSC vs. FESM ETF Comparison

Comparison of Avantis U.S. Small Cap Equity ETF (AVSC) to Fidelity Enhanced Small Cap ETF (FESM)

AVSC

Avantis U.S. Small Cap Equity ETF

AVSC Description

Avantis U.S. Small Cap Equity ETF is an exchange traded fund launched and managed by American Century Investment Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of small-cap companies. The fund seeks to benchmark the performance of its portfolio against the Russell 2000 Index. Avantis U.S. Small Cap Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$53.67

Average Daily Volume

72,895

Number of Holdings ^*

1117

* may have additional holdings in another (foreign) market

FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.38

Average Daily Volume

87,016

Number of Holdings ^*

556

* may have additional holdings in another (foreign) market

Performance

Period	AVSC	FESM
30 Days	0.70%	0.66%
60 Days	-1.72%	-0.06%
90 Days	2.77%	6.19%
12 Months	25.55%

262 Overlapping Holdings

Symbol	Grade	Weight in AVSC	Weight in FESM	Overlap
ABCB	B	0.0%	0.35%	0.0%
ABSI	D	0.04%	0.06%	0.04%
ADPT	A	0.0%	0.07%	0.0%
ADUS	D	0.29%	0.12%	0.12%
AGIO	B	0.33%	0.14%	0.14%
AGS	A	0.04%	0.1%	0.04%
AIR	F	0.05%	0.49%	0.05%
AKRO	A	0.17%	0.05%	0.05%
ALEC	D	0.02%	0.02%	0.02%
ALRM	F	0.09%	0.09%	0.09%
ALT	D	0.01%	0.02%	0.01%
AMAL	B	0.07%	0.07%	0.07%
AMPH	A	0.22%	0.11%	0.11%
AMSF	A	0.13%	0.16%	0.13%
ANGO	D	0.03%	0.02%	0.02%
ANIK	F	0.04%	0.04%	0.04%
ANIP	F	0.11%	0.08%	0.08%
ANNX	B	0.08%	0.07%	0.07%
AORT	A	0.1%	0.24%	0.1%
AOSL	D	0.12%	0.02%	0.02%
APOG	A	0.19%	0.37%	0.19%
ARCT	F	0.05%	0.06%	0.05%
ARRY	D	0.1%	0.03%	0.03%
ASC	F	0.08%	0.07%	0.07%
ATNI	F	0.04%	0.12%	0.04%
ATRO	F	0.04%	0.06%	0.04%
AVD	F	0.02%	0.06%	0.02%
AVNS	F	0.13%	0.23%	0.13%
AXGN	B	0.05%	0.23%	0.05%
AXL	F	0.09%	0.22%	0.09%
BBSI	D	0.01%	0.31%	0.01%
BEAM	F	0.18%	0.02%	0.02%
BGS	C	0.09%	0.08%	0.08%
BHE	A	0.23%	0.4%	0.23%
BHLB	B	0.15%	0.03%	0.03%
BKD	D	0.16%	0.08%	0.08%
BLBD	F	0.19%	0.04%	0.04%
BOH	A	0.33%	0.15%	0.15%
BSRR	D	0.04%	0.07%	0.04%
BUSE	D	0.17%	0.23%	0.17%
BVS	A	0.05%	0.23%	0.05%
BY	B	0.1%	0.05%	0.05%
CATY	A	0.26%	0.08%	0.08%
CCBG	A	0.05%	0.01%	0.01%
CCCC	F	0.05%	0.07%	0.05%
CDE	C	0.34%	0.09%	0.09%
CDNA	D	0.13%	0.12%	0.12%
CDXS	A	0.02%	0.05%	0.02%
CECO	F	0.08%	0.41%	0.08%
CEIX	A	0.26%	0.23%	0.23%
CHGG	F	0.02%	0.03%	0.02%
CNK	A	0.27%	0.14%	0.14%
CNMD	D	0.22%	0.32%	0.22%
CNXN	F	0.1%	0.2%	0.1%
COLL	F	0.14%	0.09%	0.09%
CORT	B	0.21%	0.21%	0.21%
COUR	F	0.0%	0.05%	0.0%
CPF	C	0.1%	0.24%	0.1%
CPRX	A	0.2%	0.14%	0.14%
CRAI	B	0.16%	0.23%	0.16%
CRBU	D	0.02%	0.02%	0.02%
CRGY	B	0.19%	0.57%	0.19%
CSGS	D	0.17%	0.56%	0.17%
CTBI	B	0.1%	0.07%	0.07%
CTKB	F	0.06%	0.05%	0.05%
CVBF	B	0.32%	0.05%	0.05%
CWCO	F	0.01%	0.03%	0.01%
CWK	C	0.3%	0.04%	0.04%
CWT	D	0.21%	0.23%	0.21%
DAKT	C	0.07%	0.04%	0.04%
DCO	D	0.1%	0.17%	0.1%
DIOD	F	0.16%	0.05%	0.05%
DK	F	0.12%	0.14%	0.12%
DSGN	C	0.01%	0.04%	0.01%
DVAX	A	0.17%	0.02%	0.02%
DXPE	C	0.08%	0.12%	0.08%
EB	C	0.0%	0.01%	0.0%
EBS	B	0.07%	0.08%	0.07%
EDIT	F	0.03%	0.04%	0.03%
EE	A	0.05%	0.05%	0.05%
EGHT	C	0.03%	0.22%	0.03%
ENTA	D	0.03%	0.03%	0.03%
EPAC	A	0.3%	0.29%	0.29%
ERAS	C	0.06%	0.05%	0.05%
ETD	F	0.09%	0.16%	0.09%
ETNB	D	0.05%	0.04%	0.04%
ETWO	F	0.05%	0.03%	0.03%
EXTR	B	0.23%	0.12%	0.12%
EZPW	B	0.08%	0.25%	0.08%
FATE	F	0.03%	0.04%	0.03%
FCF	D	0.22%	0.02%	0.02%
FDP	A	0.14%	0.07%	0.07%
FFBC	A	0.3%	0.1%	0.1%
FHI	A	0.19%	0.5%	0.19%
FISI	D	0.05%	0.07%	0.05%
FLXS	A	0.03%	0.15%	0.03%
FNKO	C	0.05%	0.04%	0.04%
FRME	C	0.27%	0.13%	0.13%
FSTR	F	0.02%	0.02%	0.02%
GCI	C	0.11%	0.03%	0.03%
GIC	F	0.05%	0.08%	0.05%
GIII	C	0.14%	0.03%	0.03%
GNW	D	0.26%	0.34%	0.26%
GPRE	F	0.09%	0.05%	0.05%
GRC	D	0.1%	0.03%	0.03%
GT	F	0.08%	0.39%	0.08%
HBI	A	0.3%	0.06%	0.06%
HCAT	C	0.04%	0.12%	0.04%
HCI	B	0.12%	0.28%	0.12%
HLX	F	0.17%	0.23%	0.17%
HNI	D	0.28%	0.2%	0.2%
HNST	C	0.03%	0.03%	0.03%
HP	C	0.0%	0.26%	0.0%
HRTG	D	0.03%	0.07%	0.03%
HSTM	A	0.09%	0.19%	0.09%
HURC	A	0.0%	0.06%	0.0%
HURN	A	0.22%	0.19%	0.19%
HWKN	D	0.32%	0.55%	0.32%
HY	D	0.08%	0.25%	0.08%
IART	C	0.07%	0.08%	0.07%
ICFI	B	0.3%	0.04%	0.04%
INDB	B	0.33%	0.09%	0.09%
INO	F	0.02%	0.01%	0.01%
JBSS	F	0.09%	0.03%	0.03%
KALV	D	0.01%	0.05%	0.01%
KAR	F	0.04%	0.34%	0.04%
KE	C	0.06%	0.06%	0.06%
KOD	B	0.02%	0.05%	0.02%
KURA	F	0.05%	0.11%	0.05%
LGF.A	C	0.04%	0.05%	0.04%
LGF.A	C	0.02%	0.05%	0.02%
LGF.A	C	0.02%	0.07%	0.02%
LGF.A	C	0.04%	0.07%	0.04%
LGND	A	0.25%	0.09%	0.09%
LIVN	C	0.35%	0.07%	0.07%
LKFN	B	0.19%	0.47%	0.19%
LMB	B	0.11%	0.2%	0.11%
LMND	A	0.12%	0.33%	0.12%
LYTS	A	0.05%	0.1%	0.05%
MBWM	D	0.09%	0.03%	0.03%
MCB	B	0.08%	0.02%	0.02%
MCRI	A	0.13%	0.06%	0.06%
MDXG	C	0.07%	0.02%	0.02%
MED	D	0.03%	0.03%	0.03%
MLNK	B	0.05%	0.04%	0.04%
MMSI	B	0.0%	0.41%	0.0%
MQ	A	0.19%	0.03%	0.03%
MRC	F	0.13%	0.08%	0.08%
MRTN	F	0.12%	0.21%	0.12%
MSBI	A	0.06%	0.04%	0.04%
MTRN	D	0.22%	0.08%	0.08%
MTX	C	0.31%	0.6%	0.31%
MWA	B	0.26%	0.64%	0.26%
MYE	F	0.05%	0.08%	0.05%
NBR	C	0.09%	0.25%	0.09%
NBTB	D	0.27%	0.07%	0.07%
NFBK	C	0.06%	0.14%	0.06%
NGVC	B	0.05%	0.09%	0.05%
NKTX	F	0.02%	0.03%	0.02%
NMIH	D	0.26%	0.38%	0.26%
NOVA	F	0.08%	0.01%	0.01%
NPK	F	0.05%	0.03%	0.03%
NSSC	F	0.19%	0.05%	0.05%
NTLA	F	0.16%	0.02%	0.02%
NUVB	F	0.06%	0.06%	0.06%
NWBI	C	0.21%	0.57%	0.21%
OABI	D	0.04%	0.04%	0.04%
ODP	C	0.13%	0.12%	0.12%
OFG	C	0.25%	0.2%	0.2%
OI	F	0.21%	0.22%	0.21%
OII	D	0.32%	0.01%	0.01%
OIS	D	0.03%	0.04%	0.03%
ONTF	D	0.01%	0.02%	0.01%
OPEN	F	0.14%	0.08%	0.08%
OPY	A	0.07%	0.04%	0.04%
ORGO	D	0.02%	0.04%	0.02%
ORIC	D	0.06%	0.06%	0.06%
PACB	C	0.0%	0.07%	0.0%
PAHC	B	0.07%	0.05%	0.05%
PAYO	B	0.29%	0.69%	0.29%
PBYI	C	0.01%	0.02%	0.01%
PCRX	C	0.1%	0.09%	0.09%
PDCO	F	0.2%	0.03%	0.03%
PFS	B	0.31%	0.3%	0.3%
PGC	A	0.06%	0.06%	0.06%
PKE	C	0.03%	0.03%	0.03%
PL	B	0.06%	0.07%	0.06%
PLAB	F	0.17%	0.18%	0.17%
PLPC	A	0.02%	0.24%	0.02%
PLXS	A	0.29%	0.15%	0.15%
POWL	A	0.33%	0.02%	0.02%
PRAA	D	0.09%	0.02%	0.02%
PRG	C	0.24%	0.53%	0.24%
PRGS	B	0.34%	0.27%	0.27%
PRK	A	0.34%	0.16%	0.16%
PRLB	B	0.09%	0.06%	0.06%
PSMT	C	0.29%	0.04%	0.04%
PTGX	B	0.22%	0.09%	0.09%
QTRX	C	0.06%	0.06%	0.06%
RCKY	F	0.02%	0.02%	0.02%
REPL	B	0.08%	0.08%	0.08%
REPX	F	0.04%	0.11%	0.04%
REZI	C	0.28%	0.42%	0.28%
RLAY	F	0.1%	0.03%	0.03%
RLMD	C	0.01%	0.03%	0.01%
RM	D	0.02%	0.06%	0.02%
RMAX	C	0.01%	0.03%	0.01%
RNST	B	0.25%	0.21%	0.21%
ROCK	D	0.24%	0.2%	0.2%
SAGE	F	0.05%	0.07%	0.05%
SAH	C	0.05%	0.15%	0.05%
SBH	B	0.17%	0.2%	0.17%
SCS	F	0.14%	0.08%	0.08%
SFL	F	0.16%	0.03%	0.03%
SFM	A	0.0%	0.92%	0.0%
SHEN	F	0.1%	0.03%	0.03%
SJW	F	0.01%	0.36%	0.01%
SLVM	B	0.26%	0.27%	0.26%
SNEX	A	0.32%	0.24%	0.24%
SPOK	A	0.03%	0.02%	0.02%
SRCE	C	0.07%	0.13%	0.07%
SSTK	D	0.09%	0.08%	0.08%
STBA	D	0.19%	0.03%	0.03%
STRO	D	0.02%	0.05%	0.02%
SUPN	B	0.23%	0.02%	0.02%
SVRA	D	0.0%	0.02%	0.0%
SXC	A	0.09%	0.21%	0.09%
TCBK	C	0.15%	0.02%	0.02%
TCMD	A	0.04%	0.08%	0.04%
TDS	B	0.38%	0.17%	0.17%
TERN	D	0.05%	0.04%	0.04%
THR	F	0.09%	0.07%	0.07%
TILE	A	0.12%	0.18%	0.12%
TMCI	F	0.0%	0.03%	0.0%
TNC	F	0.19%	0.27%	0.19%
TNYA	F	0.02%	0.02%	0.02%
TRN	C	0.38%	0.27%	0.27%
TRUE	A	0.03%	0.1%	0.03%
TSVT	D	0.03%	0.05%	0.03%
UCTT	F	0.19%	0.32%	0.19%
UVE	C	0.07%	0.04%	0.04%
UVSP	B	0.11%	0.03%	0.03%
VNDA	D	0.04%	0.05%	0.04%
VREX	C	0.03%	0.24%	0.03%
VRTS	B	0.19%	0.16%	0.16%
VSCO	A	0.28%	0.03%	0.03%
VTOL	D	0.11%	0.1%	0.1%
VYGR	C	0.05%	0.04%	0.04%
WABC	B	0.17%	0.2%	0.17%
WKC	D	0.17%	0.17%	0.17%
WMK	D	0.13%	0.07%	0.07%
WOOF	B	0.04%	0.33%	0.04%
WSBC	A	0.22%	0.05%	0.05%
WSBF	B	0.02%	0.08%	0.02%
WT	B	0.19%	0.5%	0.19%
XBIT	A	0.01%	0.02%	0.01%
XNCR	A	0.14%	0.02%	0.02%
YELP	F	0.24%	0.56%	0.24%
ZEUS	F	0.05%	0.12%	0.05%
ZIMV	D	0.05%	0.02%	0.02%
ZIP	F	0.05%	0.05%	0.05%
ZNTL	D	0.01%	0.04%	0.01%

AVSC Overweight 857 Positions Relative to FESM

Symbol	Grade	Weight
PRIM	A	0.4%
ATGE	A	0.37%
WAFD	D	0.36%
BKU	C	0.36%
BFH	C	0.35%
PATK	F	0.35%
PLUS	C	0.33%
SFNC	A	0.33%
FHB	A	0.33%
WSFS	D	0.32%
CPK	C	0.32%
HUBG	D	0.32%
PPBI	B	0.31%
SPB	C	0.31%
VSTO	A	0.31%
TBBK	D	0.31%
CARG	B	0.31%
AVA	D	0.3%
HTLF	A	0.3%
ENR	B	0.29%
KLIC	B	0.29%
AZZ	D	0.29%
BANR	A	0.29%
GVA	A	0.29%
UFPT	D	0.29%
WERN	A	0.29%
PLMR	D	0.28%
IBTX	B	0.28%
SBCF	B	0.28%
ENVA	A	0.28%
BTU	A	0.28%
PINC	A	0.27%
INSW	F	0.27%
TOWN	D	0.27%
BANC	B	0.26%
FL	D	0.26%
LAUR	A	0.26%
BHF	B	0.26%
SXI	A	0.26%
JBLU	D	0.25%
AGX	A	0.25%
EFSC	B	0.25%
EVTC	D	0.25%
TRMK	B	0.25%
TFIN	B	0.24%
SYBT	B	0.24%
GSHD	A	0.24%
MP	B	0.24%
CCS	F	0.24%
KSS	F	0.24%
EBC	C	0.23%
RIOT	C	0.23%
MGNI	D	0.23%
FBK	B	0.23%
PCT	B	0.23%
KMT	B	0.23%
CASH	A	0.23%
CALX	D	0.23%
PHIN	C	0.23%
TTMI	A	0.23%
CAKE	A	0.23%
LGIH	F	0.23%
FBNC	D	0.22%
GPOR	F	0.22%
GBX	A	0.22%
CRI	F	0.22%
NHC	C	0.22%
KOS	F	0.22%
MLKN	F	0.21%
ARCH	B	0.21%
LC	A	0.21%
LZB	D	0.21%
MYRG	B	0.21%
CHCO	A	0.21%
EPC	D	0.21%
AZTA	F	0.21%
VSTS	F	0.21%
ROG	D	0.21%
ANDE	F	0.2%
CENTA	D	0.2%
LCII	D	0.2%
AGM	D	0.2%
GLNG	B	0.2%
ADNT	F	0.2%
STRA	F	0.2%
NBHC	A	0.2%
HEES	B	0.2%
SCL	F	0.2%
SASR	A	0.2%
WGO	D	0.2%
NATL	D	0.2%
NTB	C	0.2%
DFIN	F	0.2%
VIAV	A	0.19%
DHT	F	0.19%
CTS	A	0.19%
ASTH	C	0.19%
NWN	C	0.19%
HMN	A	0.19%
SONO	C	0.19%
SKWD	B	0.19%
TROX	F	0.18%
ZD	F	0.18%
HTH	D	0.18%
IESC	A	0.18%
PRDO	B	0.18%
CLOV	A	0.18%
HOPE	D	0.18%
REVG	D	0.18%
VBTX	B	0.18%
HRMY	D	0.17%
TALO	D	0.17%
ARCB	F	0.17%
TRIP	C	0.17%
BKE	C	0.17%
DAN	F	0.17%
SPNT	D	0.17%
LOB	D	0.17%
HELE	C	0.17%
TPC	B	0.17%
QCRH	B	0.17%
BLMN	F	0.17%
AMWD	D	0.17%
HAYW	A	0.16%
IOSP	F	0.16%
CUBI	D	0.16%
XPRO	F	0.16%
OMCL	B	0.16%
UNFI	A	0.16%
THRM	D	0.16%
PLAY	C	0.16%
NIC	B	0.16%
NEP	F	0.16%
LILAK	A	0.16%
LNN	C	0.16%
HLIO	A	0.16%
VRNT	F	0.16%
WWW	C	0.16%
NAVI	F	0.15%
KW	C	0.15%
OXM	F	0.15%
CHEF	D	0.15%
ATSG	A	0.15%
AMN	F	0.15%
COHU	B	0.15%
DOLE	C	0.15%
THS	F	0.15%
EIG	C	0.15%
MSGE	C	0.15%
OSW	A	0.15%
VRDN	B	0.15%
KALU	B	0.15%
NGVT	C	0.15%
USLM	A	0.15%
LPG	F	0.15%
CBRL	C	0.14%
JELD	F	0.14%
VC	F	0.14%
CAL	F	0.14%
SAFT	D	0.14%
HE	D	0.14%
CNNE	B	0.14%
DNOW	F	0.14%
DCOM	B	0.14%
KRP	B	0.14%
GABC	A	0.14%
INVA	C	0.14%
VSH	F	0.13%
FBMS	B	0.13%
PFBC	B	0.13%
WTTR	D	0.13%
MD	A	0.13%
CARS	D	0.13%
KFRC	D	0.13%
ATEN	A	0.13%
AIN	F	0.13%
OCFC	A	0.13%
NWL	A	0.13%
KLG	F	0.13%
VITL	C	0.13%
MGEE	C	0.13%
KN	C	0.13%
PEBO	B	0.13%
NX	C	0.13%
CNOB	D	0.12%
BXC	A	0.12%
BV	A	0.12%
CSTL	A	0.12%
AHCO	D	0.12%
CWH	F	0.12%
IMAX	A	0.12%
OBK	D	0.12%
AMRC	C	0.12%
SBSI	D	0.12%
UTL	D	0.12%
SCSC	F	0.12%
OMI	F	0.12%
ALGT	B	0.12%
ACMR	D	0.12%
BRKL	A	0.12%
JBI	F	0.12%
GATO	B	0.12%
TRS	B	0.12%
BELFB	C	0.11%
GO	F	0.11%
TDC	B	0.11%
MBUU	A	0.11%
HI	F	0.11%
XPEL	F	0.11%
CENX	B	0.11%
PLYA	B	0.11%
BJRI	B	0.11%
CIFR	B	0.11%
ECPG	D	0.11%
DBRG	D	0.11%
FA	D	0.11%
EVRI	A	0.11%
PARR	F	0.11%
LEU	A	0.11%
HOV	D	0.11%
BFC	B	0.11%
MMI	D	0.11%
CLB	A	0.11%
IMKTA	D	0.11%
BZH	D	0.11%
PFC	A	0.11%
VIR	B	0.1%
VAC	B	0.1%
ALG	C	0.1%
PLRX	A	0.1%
UTZ	B	0.1%
GLDD	B	0.1%
UTI	A	0.1%
VVI	B	0.1%
PRA	B	0.1%
TMP	A	0.1%
EGBN	A	0.1%
WNC	F	0.1%
HCSG	A	0.1%
OEC	F	0.1%
HFWA	A	0.1%
MLR	A	0.1%
DLX	F	0.1%
MODG	F	0.1%
WOR	F	0.1%
VSAT	F	0.1%
FMBH	D	0.1%
CDRE	D	0.1%
MATV	F	0.1%
PLUG	C	0.1%
AESI	F	0.1%
MSEX	B	0.09%
SCVL	F	0.09%
RGR	F	0.09%
NAT	F	0.09%
MBIN	F	0.09%
TDOC	C	0.09%
AMTB	D	0.09%
KOP	F	0.09%
FCBC	D	0.09%
SGHC	B	0.09%
PUMP	F	0.09%
ASTE	C	0.09%
CFB	D	0.09%
REX	F	0.09%
HBNC	A	0.09%
VTLE	F	0.09%
GNK	D	0.09%
RCUS	F	0.09%
MNRO	A	0.09%
SPTN	D	0.09%
ASIX	C	0.09%
CCB	A	0.09%
HAFC	A	0.09%
HSII	A	0.09%
EYE	D	0.09%
OSBC	B	0.09%
CGEM	F	0.09%
IBCP	D	0.09%
HAYN	A	0.09%
GDOT	C	0.08%
DRVN	A	0.08%
HCKT	D	0.08%
NBN	A	0.08%
HTBK	D	0.08%
CAC	A	0.08%
QS	F	0.08%
SWBI	D	0.08%
ORRF	A	0.08%
FOR	F	0.08%
EGY	F	0.08%
EQBK	B	0.08%
TTGT	C	0.08%
ACEL	D	0.08%
TREE	F	0.08%
MTUS	F	0.08%
KELYA	D	0.08%
TRST	D	0.08%
ECVT	C	0.08%
SNCY	A	0.08%
BFST	A	0.08%
SPRY	B	0.08%
GDEN	F	0.08%
RYI	C	0.08%
CABO	C	0.08%
DJCO	A	0.08%
PUBM	D	0.08%
RSI	A	0.08%
MATW	D	0.08%
AMRK	D	0.08%
FIGS	B	0.07%
AMBC	D	0.07%
EBF	F	0.07%
CMP	C	0.07%
GDYN	B	0.07%
CCNE	B	0.07%
MCW	A	0.07%
GSBC	C	0.07%
SMP	B	0.07%
CEVA	D	0.07%
STGW	D	0.07%
AAP	F	0.07%
AAOI	B	0.07%
GES	F	0.07%
NR	F	0.07%
CASS	B	0.07%
NTGR	A	0.07%
LEG	F	0.07%
RES	F	0.07%
OFIX	A	0.07%
RBCAA	B	0.07%
LASR	A	0.07%
RYAM	B	0.07%
IDT	B	0.07%
HZO	F	0.07%
THRY	F	0.07%
WASH	B	0.07%
SMBC	B	0.07%
BHRB	C	0.07%
SWI	B	0.07%
CNDT	D	0.07%
FOXF	F	0.07%
WLDN	B	0.07%
LOVE	B	0.06%
RDUS	F	0.06%
TRDA	A	0.06%
CVGW	B	0.06%
CLBK	D	0.06%
AUPH	A	0.06%
INOD	A	0.06%
AROW	A	0.06%
PTVE	D	0.06%
NWPX	A	0.06%
SHBI	B	0.06%
ACCO	B	0.06%
FFIC	B	0.06%
CLFD	D	0.06%
PLOW	F	0.06%
THFF	B	0.06%
ARHS	F	0.06%
MRCY	D	0.06%
CLW	F	0.06%
MUX	D	0.06%
BHB	B	0.06%
ESQ	A	0.06%
LQDT	D	0.06%
CLNE	D	0.06%
FMNB	D	0.06%
HTLD	F	0.06%
BBW	A	0.06%
ANET	B	0.06%
HONE	D	0.06%
CMRE	C	0.06%
SCHL	F	0.06%
IMXI	F	0.06%
AVO	C	0.06%
HTBI	D	0.06%
OLO	A	0.06%
IIIN	F	0.06%
SD	F	0.05%
RMR	D	0.05%
SHYF	B	0.05%
IBTA	A	0.05%
TWI	F	0.05%
GTN	C	0.05%
ALRS	D	0.05%
ZUMZ	F	0.05%
MLAB	D	0.05%
NVEC	F	0.05%
KODK	F	0.05%
KIDS	D	0.05%
GOGO	F	0.05%
MCS	A	0.05%
MGPI	F	0.05%
SPFI	C	0.05%
RGNX	F	0.05%
VERV	C	0.05%
FLGT	C	0.05%
GRNT	F	0.05%
CARE	B	0.05%
IRMD	C	0.05%
FSBC	B	0.05%
CCRN	F	0.05%
KRNY	B	0.05%
ARKO	C	0.05%
LMNR	C	0.05%
LPRO	C	0.05%
HIFS	B	0.05%
DHIL	D	0.05%
FFWM	D	0.05%
USNA	D	0.05%
MCBS	C	0.05%
DNUT	C	0.05%
CSV	A	0.05%
SMBK	A	0.05%
USAP	A	0.05%
WULF	B	0.05%
LXU	B	0.05%
FC	D	0.05%
MPB	B	0.05%
MNTK	B	0.04%
WOW	C	0.04%
APEI	B	0.04%
CVI	F	0.04%
TITN	D	0.04%
METC	F	0.04%
SB	F	0.04%
KWR	D	0.04%
MCFT	D	0.04%
TBPH	C	0.04%
MTRX	B	0.04%
ITOS	F	0.04%
HNRG	B	0.04%
MOV	F	0.04%
USPH	F	0.04%
HPK	F	0.04%
GCO	F	0.04%
BOC	B	0.04%
MOFG	C	0.04%
LINC	A	0.04%
IPI	A	0.04%
INBK	C	0.04%
LXFR	A	0.04%
TYRA	F	0.04%
MEI	F	0.04%
CRCT	B	0.04%
HAIN	A	0.04%
SENEA	A	0.04%
SBLK	F	0.04%
ULH	B	0.04%
SFIX	C	0.04%
NEWT	B	0.04%
ALLO	D	0.04%
OSUR	F	0.04%
LILA	A	0.04%
NUS	F	0.04%
HDSN	F	0.04%
SIGA	D	0.04%
WLFC	B	0.04%
LOCO	D	0.04%
GLRE	C	0.04%
HVT	F	0.04%
BRY	F	0.04%
NRC	F	0.04%
GLUE	A	0.04%
MTW	F	0.04%
TRC	F	0.04%
ODC	C	0.04%
CNSL	A	0.04%
BMRC	A	0.04%
CVEO	D	0.04%
WRLD	D	0.04%
UFCS	F	0.04%
RBB	D	0.04%
TTI	C	0.04%
NRIM	D	0.04%
RICK	F	0.04%
DDD	C	0.04%
INZY	F	0.03%
TCBX	A	0.03%
EWCZ	C	0.03%
PBPB	F	0.03%
ADV	D	0.03%
LE	C	0.03%
WTI	F	0.03%
UTMD	F	0.03%
SMHI	F	0.03%
NGS	F	0.03%
BLDE	B	0.03%
RPAY	D	0.03%
LRMR	C	0.03%
ENFN	A	0.03%
VIRC	D	0.03%
CRMT	F	0.03%
JRVR	F	0.03%
APPS	B	0.03%
RLGT	B	0.03%
GHM	D	0.03%
TASK	B	0.03%
TBI	F	0.03%
FRST	F	0.03%
AVXL	A	0.03%
MLYS	B	0.03%
SWIM	C	0.03%
MEC	A	0.03%
NAPA	A	0.03%
JAKK	A	0.03%
DBI	F	0.03%
AMCX	F	0.03%
AVNW	F	0.03%
VLGEA	D	0.03%
TH	F	0.03%
PKOH	D	0.03%
INGN	F	0.03%
CENT	D	0.03%
FLWS	B	0.03%
ITIC	B	0.03%
PACK	D	0.03%
AURA	B	0.03%
PFIS	A	0.03%
SRI	F	0.03%
ACIC	A	0.03%
RGP	F	0.03%
SLQT	F	0.03%
FARO	D	0.03%
KRO	D	0.03%
ALDX	D	0.03%
IIIV	A	0.03%
AMPY	F	0.03%
SRCL	A	0.03%
SAVE	D	0.03%
PRTA	F	0.03%
LEGH	C	0.03%
MERC	D	0.03%
ARTNA	F	0.03%
QURE	B	0.03%
FLIC	C	0.03%
OSPN	B	0.03%
GNE	F	0.03%
VPG	F	0.03%
IMMR	F	0.03%
ESOA	A	0.02%
EVCM	A	0.02%
TZOO	A	0.02%
ATYR	B	0.02%
HOFT	D	0.02%
GEOS	A	0.02%
CLAR	D	0.02%
EHTH	C	0.02%
LAW	B	0.02%
NNBR	D	0.02%
CTRN	C	0.02%
EU	D	0.02%
HMST	F	0.02%
ACNB	C	0.02%
TG	A	0.02%
OUST	C	0.02%
LDI	F	0.02%
SGHT	F	0.02%
EBTC	B	0.02%
DXLG	F	0.02%
OLMA	F	0.02%
SRG	F	0.02%
QUAD	A	0.02%
FDMT	F	0.02%
TRAK	C	0.02%
JOUT	F	0.02%
SFST	A	0.02%
EPIX	F	0.02%
OBT	D	0.02%
EPM	F	0.02%
ZYXI	C	0.02%
NATR	D	0.02%
MX	F	0.02%
PGNY	F	0.02%
BLNK	C	0.02%
ALTG	D	0.02%
REI	F	0.02%
RELL	B	0.02%
MG	F	0.02%
JILL	F	0.02%
BRCC	F	0.02%
BWB	C	0.02%
GAMB	D	0.02%
RZLT	A	0.02%
OLPX	F	0.02%
PYXS	C	0.02%
FF	B	0.02%
SEB	F	0.02%
MODV	F	0.02%
CYRX	F	0.02%
TWKS	A	0.02%
RNGR	A	0.02%
ACTG	D	0.02%
OFLX	C	0.02%
SGC	B	0.02%
BCAL	B	0.02%
CIVB	A	0.02%
TLS	C	0.02%
LTH	D	0.02%
INFN	B	0.02%
ORN	D	0.02%
TR	F	0.02%
FRBA	D	0.02%
DCGO	B	0.02%
AMPS	C	0.02%
KRT	C	0.02%
BOOM	F	0.02%
PANL	F	0.02%
RBBN	A	0.02%
ASUR	D	0.02%
DGICA	A	0.02%
LSEA	F	0.02%
FRPH	D	0.02%
FMAO	A	0.02%
SSP	B	0.02%
THRD	A	0.02%
FULC	F	0.02%
HBB	C	0.02%
TBRG	A	0.01%
WTBA	A	0.01%
PSTX	D	0.01%
GBIO	F	0.01%
HTZ	F	0.01%
PVBC	D	0.01%
VIGL	B	0.01%
OPRX	F	0.01%
PEBK	D	0.01%
OPRT	F	0.01%
KEQU	D	0.01%
INTT	C	0.01%
KINS	A	0.01%
SHLS	F	0.01%
NTIC	C	0.01%
CSPI	F	0.01%
PTEN	F	0.01%
CFFI	A	0.01%
LCUT	F	0.01%
YORW	F	0.01%
SERA	C	0.01%
KLXE	F	0.01%
UEIC	D	0.01%
EXFY	C	0.01%
RPTX	C	0.01%
CBNK	B	0.01%
PLL	B	0.01%
MPAA	F	0.01%
METCB	F	0.01%
PWOD	A	0.01%
VEL	D	0.01%
HOWL	C	0.01%
PETS	C	0.01%
ABCL	C	0.01%
ULBI	F	0.01%
SEER	B	0.01%
COFS	A	0.01%
SRTS	B	0.01%
RMBL	C	0.01%
TSBK	B	0.01%
BLFY	C	0.01%
BCBP	D	0.01%
MYPS	F	0.01%
CMTL	F	0.01%
SGU	D	0.01%
BBCP	D	0.01%
MASS	F	0.01%
MVBF	F	0.01%
LAKE	F	0.01%
ISTR	A	0.01%
ACRV	B	0.01%
LTRX	B	0.01%
BCML	A	0.01%
BSVN	B	0.01%
BTBT	B	0.01%
CVGI	F	0.01%
HBT	D	0.01%
HBCP	B	0.01%
VTYX	F	0.01%
FET	F	0.01%
CBAN	D	0.01%
CRDF	B	0.01%
ABOS	C	0.01%
UNTY	B	0.01%
AMR	F	0.01%
COOK	C	0.01%
SPWH	F	0.01%
EML	C	0.01%
GENC	B	0.01%
RCMT	A	0.01%
RVLV	B	0.01%
NVRO	D	0.01%
PEPG	F	0.01%
CRVS	A	0.01%
NRDS	B	0.01%
FFNW	C	0.01%
NFE	F	0.01%
GEVO	B	0.01%
TTEC	D	0.01%
ACU	F	0.01%
STHO	F	0.01%
QUIK	D	0.01%
FSBW	C	0.01%
GNTY	D	0.01%
MGTX	B	0.01%
IBEX	D	0.01%
CZFS	B	0.01%
JYNT	D	0.01%
EEX	F	0.01%
GRPN	F	0.01%
LWAY	B	0.01%
MFIN	A	0.01%
TRVI	D	0.01%
VRA	F	0.01%
TTSH	A	0.01%
ACDC	D	0.01%
BELFA	B	0.01%
EVC	B	0.01%
CMT	F	0.01%
FBIZ	C	0.01%
RDVT	A	0.01%
PSNL	C	0.01%
ASLE	C	0.01%
LGTY	B	0.01%
LUNG	F	0.01%
GRWG	C	0.01%
TAYD	C	0.01%
EVBN	B	0.01%
SPR	C	0.0%
DSGR	C	0.0%
CHRD	F	0.0%
SKY	C	0.0%
CODA	A	0.0%
CRD.B	B	0.0%
BCAB	C	0.0%
FVCB	B	0.0%
NKSH	D	0.0%
LCNB	A	0.0%
PDSB	F	0.0%
GEF	B	0.0%
MNSB	D	0.0%
BH	C	0.0%
CVRX	B	0.0%
SRDX	D	0.0%
GEF	B	0.0%
MNTX	C	0.0%
BYRN	D	0.0%
BARK	D	0.0%
RGCO	D	0.0%
LUNA	F	0.0%
INMB	D	0.0%
NWFL	A	0.0%
ACCD	F	0.0%
MBCN	B	0.0%
PLBC	B	0.0%
WMPN	B	0.0%
FSLY	D	0.0%
ASYS	F	0.0%
PESI	A	0.0%
FORR	F	0.0%
VHI	B	0.0%
CHMG	A	0.0%
SND	B	0.0%
VOXX	B	0.0%
WALD	F	0.0%
AOUT	C	0.0%
ESCA	F	0.0%
EPSN	B	0.0%
DLTH	F	0.0%
BSET	A	0.0%
SDGR	F	0.0%
DHX	D	0.0%
EVEX	D	0.0%
CNTY	A	0.0%
OB	D	0.0%
INFU	F	0.0%
DMAC	B	0.0%
SSBK	A	0.0%
NC	A	0.0%
OVLY	A	0.0%
TIPT	A	0.0%
TUSK	D	0.0%
PRLD	F	0.0%
BMEA	D	0.0%
WEYS	B	0.0%
AXTI	D	0.0%
ORGN	D	0.0%
PDEX	A	0.0%
FDBC	A	0.0%
STRT	C	0.0%
HFFG	C	0.0%
DC	D	0.0%
VABK	C	0.0%
GOCO	A	0.0%
KVHI	F	0.0%
CPSS	A	0.0%
IVAC	F	0.0%
STRS	F	0.0%
MYFW	C	0.0%
HLVX	C	0.0%
PTSI	D	0.0%
OBIO	D	0.0%
AIRS	A	0.0%
ULCC	B	0.0%
BWFG	C	0.0%
ATLO	F	0.0%
BEEM	C	0.0%
TKNO	A	0.0%
DLHC	F	0.0%
TRNS	F	0.0%
FUNC	A	0.0%
FNLC	D	0.0%
DGII	B	0.0%
BFLY	A	0.0%
GIFI	F	0.0%
SMID	C	0.0%
ORMP	F	0.0%
ATLC	A	0.0%
FPH	A	0.0%
BRBS	C	0.0%
PAYS	F	0.0%
KOSS	D	0.0%
CRK	B	0.0%
HQI	D	0.0%
PRME	C	0.0%
ELMD	A	0.0%
MITK	D	0.0%
FEIM	C	0.0%
CZNC	D	0.0%
CATO	A	0.0%
SKLZ	F	0.0%
PKBK	A	0.0%
PCYO	B	0.0%
UFI	D	0.0%
PNRG	B	0.0%
DOUG	B	0.0%
SKYH	F	0.0%
TWIN	D	0.0%
GCBC	F	0.0%
DIBS	F	0.0%
CCRD	B	0.0%
TSQ	F	0.0%
PCB	B	0.0%
SEDG	F	0.0%
ALCO	F	0.0%
TLYS	F	0.0%
RGLS	F	0.0%
CTV	A	0.0%
LFVN	A	0.0%
SKYT	B	0.0%
MPX	F	0.0%
ARC	A	0.0%
STTK	F	0.0%
STKS	F	0.0%
RRBI	A	0.0%
FLL	A	0.0%
IRON	D	0.0%
CXDO	B	0.0%

AVSC Underweight 296 Positions Relative to FESM

Symbol	Grade	Weight
CRS	B	-0.78%
FN	B	-0.78%
QTWO	A	-0.77%
ANF	F	-0.76%
LUMN	A	-0.75%
PRMW	B	-0.74%
IBP	F	-0.71%
SPSC	F	-0.69%
CVLT	B	-0.67%
MHO	D	-0.67%
SKYW	A	-0.65%
JXN	B	-0.64%
ENS	F	-0.63%
BGC	A	-0.62%
OUT	C	-0.6%
FLR	B	-0.6%
CVNA	A	-0.58%
FUL	F	-0.57%
COMP	B	-0.55%
EME	A	-0.55%
IGT	F	-0.54%
MTDR	D	-0.52%
AEO	F	-0.52%
MXL	D	-0.51%
TMHC	A	-0.51%
CRDO	A	-0.49%
UMBF	A	-0.49%
EXLS	A	-0.49%
QLYS	F	-0.48%
SIGI	C	-0.47%
INSM	D	-0.47%
YOU	A	-0.46%
UPBD	D	-0.45%
FIX	B	-0.45%
PCVX	C	-0.45%
CODI	D	-0.44%
ITRI	A	-0.44%
AIT	A	-0.44%
CMPR	F	-0.43%
EQC	C	-0.42%
BANF	B	-0.41%
WTS	D	-0.41%
COKE	D	-0.41%
VMEO	C	-0.4%
AAT	C	-0.4%
BMI	D	-0.4%
ESRT	C	-0.39%
TEX	F	-0.38%
AWR	C	-0.38%
LANC	B	-0.38%
TPH	D	-0.37%
ATI	F	-0.37%
SANM	A	-0.36%
AROC	D	-0.36%
PECO	B	-0.36%
BAND	A	-0.36%
SXT	C	-0.35%
MTH	D	-0.34%
FFIN	D	-0.34%
CBU	A	-0.34%
ABM	B	-0.33%
TRNO	F	-0.32%
SF	A	-0.32%
NJR	D	-0.32%
COMM	A	-0.32%
KTOS	C	-0.31%
BDC	B	-0.31%
GFF	F	-0.31%
VICR	B	-0.31%
BCO	D	-0.29%
MATX	A	-0.29%
FBP	D	-0.29%
LNW	D	-0.28%
WK	C	-0.27%
YEXT	A	-0.27%
GH	D	-0.26%
CNO	A	-0.26%
FORM	F	-0.26%
SWX	C	-0.25%
PSN	A	-0.25%
AX	B	-0.25%
PDFS	F	-0.24%
MOG.A	C	-0.24%
PHR	F	-0.24%
TENB	D	-0.23%
HQY	B	-0.23%
RNA	C	-0.23%
CALM	B	-0.23%
MAC	B	-0.23%
CRC	B	-0.22%
CTRE	A	-0.22%
ALKS	F	-0.22%
VRE	D	-0.22%
STEP	B	-0.22%
KBH	D	-0.22%
HL	C	-0.22%
PBH	A	-0.21%
HWC	A	-0.21%
OTTR	F	-0.21%
RVMD	A	-0.21%
BL	B	-0.21%
SHAK	A	-0.21%
MUR	F	-0.21%
OPCH	F	-0.2%
PBI	A	-0.2%
ACA	B	-0.2%
ZUO	A	-0.19%
STNG	F	-0.19%
UBSI	A	-0.19%
SMTC	B	-0.19%
HALO	B	-0.19%
CDP	B	-0.19%
PTCT	B	-0.18%
PD	C	-0.18%
FOLD	B	-0.18%
CADE	B	-0.18%
FSS	F	-0.18%
FULT	B	-0.18%
GEO	B	-0.18%
AUB	C	-0.17%
TVTX	B	-0.17%
ALE	A	-0.17%
DY	C	-0.17%
CYTK	F	-0.17%
ARLO	F	-0.17%
EWTX	B	-0.17%
BCC	D	-0.17%
PJT	B	-0.17%
SFBS	A	-0.17%
PRO	C	-0.16%
BPMC	C	-0.16%
SRRK	B	-0.16%
TRTX	A	-0.16%
GHC	A	-0.16%
CSWI	B	-0.16%
RMBS	C	-0.16%
INTA	B	-0.16%
LNTH	C	-0.15%
SLG	B	-0.15%
EXPI	B	-0.15%
XRX	F	-0.15%
WS	A	-0.14%
KREF	D	-0.14%
KNF	A	-0.14%
WSR	B	-0.14%
OSCR	C	-0.14%
DOMO	C	-0.14%
VCYT	A	-0.14%
TWST	F	-0.14%
CRNX	B	-0.14%
NRIX	B	-0.14%
UCB	D	-0.14%
HAE	F	-0.13%
DYN	F	-0.13%
EGP	D	-0.13%
TRUP	A	-0.13%
CPS	B	-0.13%
RYTM	D	-0.13%
UNIT	C	-0.12%
HLIT	F	-0.12%
GMRE	D	-0.12%
BCRX	A	-0.12%
RAMP	D	-0.12%
BRC	D	-0.12%
AMRX	B	-0.12%
RDFN	C	-0.12%
AUR	B	-0.12%
LADR	B	-0.11%
CHX	F	-0.11%
ATRC	A	-0.11%
KRYS	C	-0.11%
SKT	B	-0.11%
BCPC	C	-0.1%
MDGL	A	-0.1%
EAT	A	-0.1%
MYGN	F	-0.1%
RXRX	F	-0.09%
NVAX	F	-0.09%
ARQT	D	-0.09%
AMSC	A	-0.09%
ADMA	B	-0.09%
SPT	F	-0.09%
DEA	C	-0.09%
EOLS	A	-0.09%
TGTX	A	-0.09%
WDFC	A	-0.09%
ACAD	F	-0.09%
VCEL	D	-0.08%
RUSHA	A	-0.08%
ARAY	F	-0.08%
FLNC	B	-0.08%
URBN	F	-0.08%
NABL	F	-0.08%
RVNC	C	-0.08%
JAMF	D	-0.08%
BBIO	D	-0.08%
BLKB	D	-0.08%
CSTM	F	-0.08%
WVE	B	-0.08%
AXSM	C	-0.07%
WEAV	B	-0.07%
ONTO	F	-0.07%
IRWD	F	-0.07%
ARVN	C	-0.07%
RCKT	F	-0.07%
DNLI	C	-0.07%
CDMO	C	-0.07%
CLDX	F	-0.07%
KTB	A	-0.07%
MEDP	F	-0.07%
AKBA	A	-0.07%
SNDX	F	-0.07%
FTDR	B	-0.07%
HRTX	F	-0.06%
LPSN	B	-0.06%
AMBA	B	-0.06%
CERS	F	-0.06%
RXO	B	-0.06%
COGT	B	-0.06%
UEC	B	-0.06%
TXRH	A	-0.05%
ALX	D	-0.05%
SANA	F	-0.05%
SGMO	A	-0.05%
NUVL	D	-0.05%
NPAB	D	-0.05%
IOVA	B	-0.05%
ARWR	F	-0.05%
BSIG	A	-0.05%
TSHA	F	-0.05%
UHT	D	-0.05%
CMC	A	-0.05%
MGNX	C	-0.04%
HROW	C	-0.04%
BASE	C	-0.04%
CSR	D	-0.04%
BRSP	C	-0.04%
CRVL	D	-0.04%
CXM	F	-0.04%
BDTX	F	-0.04%
HUMA	D	-0.04%
NXRT	D	-0.04%
FLYW	C	-0.04%
TNDM	F	-0.04%
ACIW	C	-0.04%
GERN	C	-0.04%
ALLK	B	-0.04%
IDYA	F	-0.04%
FIZZ	B	-0.03%
SPNS	B	-0.03%
DOC	C	-0.03%
KYMR	C	-0.03%
BECN	B	-0.03%
ACLX	B	-0.03%
SNBR	F	-0.03%
STNE	F	-0.03%
LMAT	B	-0.03%
HIMS	B	-0.03%
ENSG	A	-0.03%
MCY	B	-0.03%
NARI	A	-0.03%
UVV	C	-0.03%
AXNX	A	-0.03%
TSE	D	-0.03%
YMAB	A	-0.03%
UFPI	C	-0.03%
ACET	F	-0.03%
URGN	F	-0.02%
DIN	D	-0.02%
ENVX	D	-0.02%
CTMX	F	-0.02%
TNET	F	-0.02%
MRSN	D	-0.02%
PRTS	F	-0.02%
VERA	A	-0.02%
PGEN	F	-0.02%
SWTX	D	-0.02%
NKTR	C	-0.02%
KPTI	C	-0.02%
ABUS	D	-0.02%
GKOS	B	-0.02%
BOLT	C	-0.01%
WFRD	F	-0.01%
AHT	F	-0.01%
GATX	A	-0.01%
FGEN	F	-0.01%
ALVR	B	-0.01%
ZDGE	F	-0.01%
AVTE	C	-0.01%
SCWX	B	-0.01%
IMVT	F	-0.01%
CHRS	F	-0.01%
SMMT	C	-0.01%
ADAP	F	-0.01%
UPLD	F	-0.01%
RIG	D	-0.01%