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

$57.47

Average Daily Volume

72,760

Number of Holdings ^*

1130

* 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

$34.59

Average Daily Volume

123,580

Number of Holdings ^*

562

* may have additional holdings in another (foreign) market

Performance

Period	AVSC	FESM
30 Days	6.47%	7.42%
60 Days	6.22%	7.32%
90 Days	5.69%	8.30%
12 Months	29.09%	39.28%

270 Overlapping Holdings

Symbol	Grade	Weight in AVSC	Weight in FESM	Overlap
ABCB	B	0.0%	0.36%	0.0%
ABSI	F	0.03%	0.05%	0.03%
ADPT	C	0.0%	0.09%	0.0%
ADUS	D	0.25%	0.1%	0.1%
AGIO	C	0.37%	0.14%	0.14%
AGS	A	0.04%	0.09%	0.04%
AIN	C	0.15%	0.08%	0.08%
AIR	B	0.05%	0.49%	0.05%
AKRO	B	0.16%	0.06%	0.06%
ALEC	F	0.02%	0.02%	0.02%
ALRM	C	0.1%	0.16%	0.1%
ALT	C	0.02%	0.02%	0.02%
AMAL	B	0.08%	0.09%	0.08%
AMPH	F	0.18%	0.1%	0.1%
AMSF	B	0.13%	0.15%	0.13%
ANGO	C	0.03%	0.02%	0.02%
ANIK	D	0.03%	0.03%	0.03%
ANIP	F	0.11%	0.08%	0.08%
ANNX	F	0.06%	0.06%	0.06%
AORT	B	0.1%	0.22%	0.1%
AOSL	C	0.09%	0.04%	0.04%
APOG	C	0.2%	0.38%	0.2%
ARCT	F	0.05%	0.06%	0.05%
ARRY	F	0.12%	0.03%	0.03%
ASC	F	0.06%	0.03%	0.03%
ATNI	F	0.02%	0.07%	0.02%
ATRO	D	0.04%	0.05%	0.04%
AVD	C	0.02%	0.06%	0.02%
AVNS	F	0.1%	0.18%	0.1%
AXGN	C	0.04%	0.21%	0.04%
AXL	C	0.08%	0.21%	0.08%
BBSI	B	0.02%	0.33%	0.02%
BEAM	D	0.21%	0.03%	0.03%
BGS	F	0.06%	0.06%	0.06%
BHE	C	0.22%	0.41%	0.22%
BHLB	B	0.16%	0.03%	0.03%
BKD	F	0.13%	0.06%	0.06%
BLBD	D	0.16%	0.04%	0.04%
BOH	B	0.33%	0.16%	0.16%
BSRR	B	0.04%	0.08%	0.04%
BUSE	B	0.17%	0.23%	0.17%
BVS	D	0.04%	0.18%	0.04%
BY	B	0.1%	0.05%	0.05%
CATY	B	0.26%	0.08%	0.08%
CCBG	B	0.06%	0.01%	0.01%
CCCC	F	0.04%	0.06%	0.04%
CDE	C	0.28%	0.07%	0.07%
CDNA	D	0.11%	0.11%	0.11%
CDXS	B	0.03%	0.06%	0.03%
CECO	B	0.09%	0.35%	0.09%
CEIX	A	0.26%	0.25%	0.25%
CHGG	C	0.02%	0.03%	0.02%
CNK	C	0.27%	0.14%	0.14%
CNMD	C	0.23%	0.35%	0.23%
CNXN	C	0.1%	0.18%	0.1%
COLL	F	0.11%	0.07%	0.07%
CORT	B	0.22%	0.23%	0.22%
COUR	F	0.01%	0.04%	0.01%
CPF	B	0.11%	0.23%	0.11%
CPRX	C	0.18%	0.14%	0.14%
CRAI	C	0.15%	0.22%	0.15%
CRBU	D	0.02%	0.02%	0.02%
CRGY	B	0.21%	0.58%	0.21%
CSGS	B	0.18%	0.59%	0.18%
CTBI	B	0.11%	0.07%	0.07%
CTKB	C	0.08%	0.07%	0.07%
CVBF	A	0.35%	0.05%	0.05%
CWCO	C	0.02%	0.03%	0.02%
CWT	C	0.21%	0.2%	0.2%
DAKT	C	0.08%	0.05%	0.05%
DCO	C	0.1%	0.17%	0.1%
DIOD	D	0.14%	0.1%	0.1%
DK	C	0.14%	0.12%	0.12%
DSGN	C	0.02%	0.05%	0.02%
DVAX	C	0.18%	0.02%	0.02%
DXPE	C	0.11%	0.16%	0.11%
EB	C	0.0%	0.02%	0.0%
EBS	C	0.07%	0.09%	0.07%
EDIT	F	0.03%	0.03%	0.03%
EE	A	0.05%	0.05%	0.05%
EGHT	B	0.04%	0.29%	0.04%
ENTA	F	0.02%	0.03%	0.02%
EPAC	C	0.3%	0.23%	0.23%
ERAS	C	0.06%	0.06%	0.06%
ETD	C	0.08%	0.14%	0.08%
ETNB	C	0.05%	0.05%	0.05%
ETWO	F	0.04%	0.03%	0.03%
EXTR	C	0.24%	0.13%	0.13%
EZPW	B	0.07%	0.23%	0.07%
FATE	F	0.02%	0.03%	0.02%
FBK	C	0.24%	0.06%	0.06%
FCF	B	0.23%	0.02%	0.02%
FDP	B	0.15%	0.08%	0.08%
FFBC	B	0.31%	0.1%	0.1%
FHI	B	0.18%	0.5%	0.18%
FISI	B	0.05%	0.07%	0.05%
FLXS	B	0.02%	0.14%	0.02%
FNKO	D	0.04%	0.03%	0.03%
FRME	B	0.3%	0.18%	0.18%
FSTR	B	0.02%	0.02%	0.02%
GCI	D	0.09%	0.03%	0.03%
GIC	D	0.04%	0.06%	0.04%
GIII	D	0.14%	0.03%	0.03%
GNW	A	0.27%	0.33%	0.27%
GPRE	F	0.08%	0.02%	0.02%
GRC	A	0.1%	0.03%	0.03%
GT	C	0.09%	0.39%	0.09%
HBI	B	0.31%	0.07%	0.07%
HCAT	D	0.05%	0.11%	0.05%
HCI	C	0.11%	0.11%	0.11%
HLX	B	0.18%	0.23%	0.18%
HNI	B	0.29%	0.2%	0.2%
HNST	A	0.05%	0.03%	0.03%
HP	C	0.0%	0.25%	0.0%
HRTG	C	0.03%	0.07%	0.03%
HSTM	B	0.09%	0.2%	0.09%
HURC	B	0.0%	0.06%	0.0%
HURN	C	0.24%	0.21%	0.21%
HWKN	B	0.32%	0.53%	0.32%
HY	D	0.06%	0.18%	0.06%
IART	C	0.07%	0.06%	0.06%
ICFI	F	0.26%	0.04%	0.04%
IDT	B	0.08%	0.03%	0.03%
INDB	B	0.35%	0.1%	0.1%
INO	F	0.01%	0.01%	0.01%
JBSS	F	0.07%	0.02%	0.02%
KALV	F	0.01%	0.04%	0.01%
KAR	B	0.05%	0.31%	0.05%
KE	C	0.06%	0.07%	0.06%
KOD	B	0.02%	0.07%	0.02%
KURA	F	0.05%	0.1%	0.05%
LGF.A	C	0.02%	0.07%	0.02%
LGF.A	C	0.02%	0.05%	0.02%
LGF.A	C	0.03%	0.05%	0.03%
LGF.A	C	0.03%	0.07%	0.03%
LGND	C	0.24%	0.09%	0.09%
LIVN	F	0.32%	0.07%	0.07%
LKFN	C	0.2%	0.52%	0.2%
LMB	B	0.12%	0.17%	0.12%
LMND	B	0.19%	0.51%	0.19%
LTH	C	0.02%	0.08%	0.02%
LYTS	B	0.06%	0.11%	0.06%
MBWM	B	0.1%	0.03%	0.03%
MCB	B	0.09%	0.02%	0.02%
MCRI	A	0.13%	0.05%	0.05%
MDXG	B	0.1%	0.02%	0.02%
MED	D	0.02%	0.03%	0.02%
MLNK	C	0.05%	0.05%	0.05%
MMSI	A	0.0%	0.4%	0.0%
MQ	D	0.13%	0.02%	0.02%
MRC	B	0.13%	0.08%	0.08%
MRTN	D	0.12%	0.23%	0.12%
MSBI	B	0.07%	0.04%	0.04%
MTRN	C	0.23%	0.08%	0.08%
MTX	B	0.32%	0.56%	0.32%
MWA	B	0.27%	0.6%	0.27%
MYE	F	0.05%	0.07%	0.05%
NBR	C	0.08%	0.24%	0.08%
NBTB	B	0.28%	0.07%	0.07%
NFBK	C	0.06%	0.15%	0.06%
NGVC	A	0.05%	0.1%	0.05%
NKTX	F	0.01%	0.02%	0.01%
NMIH	C	0.24%	0.33%	0.24%
NOVA	F	0.06%	0.01%	0.01%
NPK	B	0.05%	0.03%	0.03%
NSSC	D	0.16%	0.04%	0.04%
NTLA	F	0.16%	0.02%	0.02%
NUVB	C	0.07%	0.07%	0.07%
NWBI	B	0.22%	0.57%	0.22%
OABI	F	0.04%	0.05%	0.04%
ODP	F	0.1%	0.09%	0.09%
OFG	B	0.25%	0.15%	0.15%
OI	C	0.21%	0.21%	0.21%
OIS	B	0.04%	0.05%	0.04%
ONTF	C	0.01%	0.02%	0.01%
OPEN	F	0.13%	0.07%	0.07%
OPY	B	0.07%	0.05%	0.05%
ORGO	B	0.02%	0.05%	0.02%
ORIC	F	0.06%	0.07%	0.06%
PACB	F	0.0%	0.08%	0.0%
PAHC	C	0.07%	0.05%	0.05%
PAYO	A	0.32%	0.65%	0.32%
PBYI	C	0.01%	0.02%	0.01%
PCRX	C	0.09%	0.08%	0.08%
PDCO	F	0.17%	0.02%	0.02%
PFS	B	0.33%	0.31%	0.31%
PGC	B	0.07%	0.07%	0.07%
PKE	B	0.03%	0.02%	0.02%
PL	B	0.07%	0.07%	0.07%
PLAB	C	0.17%	0.22%	0.17%
PLPC	B	0.03%	0.25%	0.03%
PLXS	B	0.29%	0.23%	0.23%
PRAA	D	0.1%	0.02%	0.02%
PRG	C	0.25%	0.54%	0.25%
PRGS	A	0.33%	0.26%	0.26%
PRK	B	0.35%	0.17%	0.17%
PRLB	B	0.11%	0.08%	0.08%
PTGX	D	0.19%	0.08%	0.08%
QTRX	F	0.05%	0.06%	0.05%
RCKY	F	0.02%	0.02%	0.02%
REPL	D	0.07%	0.07%	0.07%
REPX	A	0.05%	0.12%	0.05%
REZI	A	0.33%	0.46%	0.33%
RLAY	F	0.09%	0.03%	0.03%
RLMD	F	0.01%	0.03%	0.01%
RM	C	0.02%	0.06%	0.02%
RMAX	C	0.01%	0.03%	0.01%
RNST	B	0.25%	0.22%	0.22%
ROCK	C	0.25%	0.21%	0.21%
SAGE	F	0.03%	0.05%	0.03%
SAH	C	0.05%	0.15%	0.05%
SBH	C	0.17%	0.18%	0.17%
SCS	C	0.14%	0.08%	0.08%
SFL	D	0.15%	0.02%	0.02%
SFM	A	0.0%	0.97%	0.0%
SGMO	C	0.0%	0.08%	0.0%
SHEN	F	0.08%	0.03%	0.03%
SJW	F	0.01%	0.21%	0.01%
SLVM	B	0.23%	0.18%	0.18%
SNEX	B	0.32%	0.25%	0.25%
SPOK	B	0.03%	0.02%	0.02%
SRCE	B	0.07%	0.13%	0.07%
SSTK	F	0.08%	0.08%	0.08%
STBA	B	0.2%	0.03%	0.03%
STNG	F	0.02%	0.15%	0.02%
STRO	F	0.02%	0.05%	0.02%
SUPN	C	0.23%	0.02%	0.02%
SVRA	F	0.0%	0.02%	0.0%
SXC	A	0.13%	0.28%	0.13%
TCBK	C	0.16%	0.02%	0.02%
TCMD	B	0.04%	0.08%	0.04%
TDOC	C	0.08%	0.08%	0.08%
TDS	B	0.37%	0.17%	0.17%
TERN	F	0.04%	0.04%	0.04%
THR	B	0.09%	0.07%	0.07%
TILE	B	0.16%	0.22%	0.16%
TMCI	C	0.0%	0.05%	0.0%
TNC	D	0.18%	0.19%	0.18%
TNYA	D	0.02%	0.02%	0.02%
TREE	F	0.07%	0.06%	0.06%
TRN	B	0.37%	0.26%	0.26%
TRUE	C	0.03%	0.1%	0.03%
TRUP	B	0.02%	0.12%	0.02%
TSVT	F	0.02%	0.04%	0.02%
UCTT	D	0.17%	0.37%	0.17%
UPBD	B	0.01%	0.5%	0.01%
USLM	A	0.19%	0.03%	0.03%
UVE	B	0.07%	0.04%	0.04%
UVSP	B	0.11%	0.03%	0.03%
VBTX	B	0.19%	0.09%	0.09%
VNDA	C	0.04%	0.05%	0.04%
VREX	B	0.03%	0.29%	0.03%
VRTS	B	0.19%	0.14%	0.14%
VSCO	C	0.34%	0.03%	0.03%
VTOL	B	0.11%	0.1%	0.1%
VYGR	F	0.04%	0.04%	0.04%
WABC	B	0.17%	0.21%	0.17%
WKC	C	0.18%	0.14%	0.14%
WMK	C	0.14%	0.07%	0.07%
WOOF	D	0.04%	0.3%	0.04%
WSBC	B	0.24%	0.15%	0.15%
WSBF	C	0.02%	0.07%	0.02%
WT	A	0.19%	0.51%	0.19%
XBIT	F	0.01%	0.01%	0.01%
XNCR	B	0.14%	0.02%	0.02%
YELP	C	0.24%	0.58%	0.24%
ZEUS	C	0.05%	0.12%	0.05%
ZIMV	D	0.04%	0.02%	0.02%
ZIP	D	0.05%	0.05%	0.05%
ZNTL	F	0.01%	0.04%	0.01%

AVSC Overweight 862 Positions Relative to FESM

Symbol	Grade	Weight
PRIM	A	0.45%
ATGE	B	0.39%
BKU	A	0.39%
BFH	C	0.37%
WAFD	B	0.36%
HUBG	A	0.35%
POWL	C	0.35%
WSFS	B	0.34%
TBBK	B	0.33%
HTLF	B	0.33%
OII	B	0.33%
SFNC	C	0.33%
CARG	B	0.33%
FHB	B	0.33%
PATK	C	0.32%
PPBI	C	0.31%
BANR	B	0.31%
CPK	A	0.31%
GVA	A	0.31%
PLMR	A	0.3%
ENVA	B	0.3%
SPB	C	0.3%
MGNI	B	0.29%
AZZ	A	0.29%
SBCF	B	0.29%
WERN	C	0.29%
LAUR	A	0.29%
IBTX	B	0.29%
VSTO	A	0.29%
UFPT	C	0.29%
CWK	C	0.29%
PINC	B	0.28%
AVA	A	0.28%
TOWN	B	0.28%
ENR	B	0.28%
BTU	B	0.28%
TTMI	C	0.27%
BHF	C	0.27%
JBLU	F	0.27%
SXI	B	0.27%
PLUS	F	0.26%
TRMK	C	0.26%
KLIC	B	0.26%
EFSC	B	0.26%
AGX	B	0.26%
PSMT	D	0.26%
KMT	B	0.25%
CASH	B	0.25%
BANC	B	0.25%
CAKE	C	0.25%
PHIN	A	0.25%
SYBT	B	0.25%
EVTC	B	0.25%
FL	F	0.25%
MYRG	B	0.25%
GSHD	A	0.24%
TFIN	B	0.24%
INSW	F	0.24%
FBNC	B	0.23%
CCS	D	0.23%
ARCH	B	0.23%
KOS	D	0.23%
KSS	F	0.23%
LGIH	F	0.23%
EBC	B	0.23%
RIOT	C	0.23%
GPOR	B	0.23%
NATL	B	0.22%
WWW	A	0.22%
CHCO	B	0.22%
NHC	C	0.22%
GBX	A	0.22%
IESC	C	0.21%
STRA	C	0.21%
LC	A	0.21%
AGM	B	0.21%
HEES	C	0.21%
SASR	B	0.21%
MP	C	0.21%
LZB	B	0.21%
CENTA	C	0.2%
EPC	F	0.2%
HMN	B	0.2%
LCII	C	0.2%
SCL	C	0.2%
NTB	B	0.2%
LOB	C	0.2%
MLKN	F	0.2%
WGO	C	0.2%
NBHC	C	0.2%
SKWD	A	0.2%
CRI	F	0.2%
PRDO	B	0.2%
ROG	D	0.2%
VSTS	C	0.2%
ZD	B	0.2%
AZTA	D	0.2%
DFIN	D	0.19%
NGVT	B	0.19%
REVG	C	0.19%
HOPE	C	0.19%
ANDE	D	0.19%
CTS	C	0.19%
SONO	C	0.19%
VIAV	C	0.19%
AMWD	C	0.18%
ARCB	C	0.18%
PCT	C	0.18%
DHT	F	0.18%
BKE	B	0.18%
ADNT	F	0.18%
CUBI	B	0.18%
NWN	A	0.18%
IOSP	C	0.18%
TALO	C	0.18%
QCRH	B	0.18%
DNOW	B	0.17%
TPC	C	0.17%
CALX	D	0.17%
OMCL	C	0.17%
ATSG	B	0.17%
VRNT	C	0.17%
SPNT	B	0.17%
GLNG	C	0.17%
HTH	C	0.17%
THRM	F	0.16%
EIG	B	0.16%
UNFI	A	0.16%
LNN	B	0.16%
HELE	C	0.16%
NIC	B	0.16%
HLIO	B	0.16%
TRIP	F	0.15%
DCOM	B	0.15%
PLAY	D	0.15%
OSW	B	0.15%
XPRO	D	0.15%
TROX	D	0.15%
GABC	B	0.15%
KALU	C	0.15%
WTTR	A	0.15%
KW	C	0.14%
NEP	F	0.14%
NAVI	F	0.14%
KRP	B	0.14%
ATEN	A	0.14%
OCFC	B	0.14%
CNNE	B	0.14%
MD	C	0.14%
OXM	F	0.14%
CARS	C	0.14%
CHEF	A	0.14%
SAFT	B	0.14%
VRDN	D	0.14%
PEBO	B	0.14%
ALGT	B	0.14%
MGEE	B	0.14%
HAYW	B	0.14%
CIFR	C	0.13%
CBRL	C	0.13%
IMKTA	C	0.13%
BXC	B	0.13%
FBMS	B	0.13%
HRMY	D	0.13%
KFRC	D	0.13%
IMAX	B	0.13%
CAL	F	0.13%
VC	F	0.13%
HE	C	0.13%
BRKL	B	0.13%
ASTH	F	0.13%
MSGE	F	0.13%
INVA	D	0.13%
DAN	D	0.13%
DOLE	D	0.13%
THS	D	0.13%
LPG	F	0.13%
BLMN	F	0.13%
NX	C	0.13%
PFBC	B	0.13%
COHU	C	0.13%
KN	B	0.13%
CLOV	D	0.13%
PARR	F	0.12%
BFC	B	0.12%
JBI	F	0.12%
CENX	B	0.12%
DLX	B	0.12%
CWH	B	0.12%
AAOI	B	0.12%
BZH	C	0.12%
NWL	C	0.12%
HI	C	0.12%
SBSI	C	0.12%
CNOB	B	0.12%
OBK	C	0.12%
FA	C	0.12%
PFC	B	0.12%
KLG	B	0.12%
SCSC	C	0.12%
GO	C	0.11%
BV	C	0.11%
VVI	C	0.11%
TDC	D	0.11%
VSH	F	0.11%
HFWA	C	0.11%
ACMR	D	0.11%
OMI	F	0.11%
OEC	C	0.11%
CLB	B	0.11%
TRS	B	0.11%
PLYA	B	0.11%
ECPG	C	0.11%
ALG	B	0.11%
XPEL	B	0.11%
MMI	C	0.11%
UTL	B	0.11%
JELD	F	0.1%
EYE	C	0.1%
HAFC	B	0.1%
HBNC	B	0.1%
GLDD	B	0.1%
OSBC	A	0.1%
MBUU	B	0.1%
BELFB	C	0.1%
ECVT	C	0.1%
ASTE	C	0.1%
VITL	D	0.1%
PLUG	F	0.1%
INOD	B	0.1%
CCB	A	0.1%
WNC	C	0.1%
BJRI	C	0.1%
CSTL	D	0.1%
LILAK	D	0.1%
EGBN	B	0.1%
VTLE	C	0.1%
PRA	C	0.1%
HOV	D	0.1%
HCSG	C	0.1%
CABO	B	0.1%
IBCP	B	0.1%
AMRC	F	0.1%
AHCO	F	0.1%
TMP	B	0.1%
VIR	D	0.1%
WOR	F	0.1%
SGHC	A	0.1%
EVRI	A	0.1%
AESI	B	0.1%
UTI	B	0.1%
VAC	C	0.1%
HSII	B	0.1%
FMBH	B	0.1%
PUMP	C	0.09%
REX	D	0.09%
DRVN	B	0.09%
LEU	C	0.09%
DJCO	B	0.09%
RSI	A	0.09%
MSEX	C	0.09%
CDRE	F	0.09%
FCBC	C	0.09%
HCKT	B	0.09%
KOP	C	0.09%
HAYN	A	0.09%
CFB	B	0.09%
UTZ	D	0.09%
MBIN	F	0.09%
ANET	C	0.09%
ASIX	B	0.09%
GATO	C	0.09%
AMTB	B	0.09%
SNCY	C	0.09%
MLR	C	0.09%
MNRO	D	0.09%
DBRG	F	0.09%
GNK	D	0.09%
SWI	C	0.08%
RGR	F	0.08%
AAP	D	0.08%
SMP	C	0.08%
RBCAA	B	0.08%
ORRF	B	0.08%
ACEL	C	0.08%
OLO	A	0.08%
STGW	A	0.08%
HTBK	B	0.08%
CNDT	C	0.08%
MATV	D	0.08%
WASH	C	0.08%
SMBC	B	0.08%
MCW	C	0.08%
BHRB	B	0.08%
PLRX	D	0.08%
PUBM	C	0.08%
MATW	C	0.08%
CGEM	F	0.08%
NTGR	B	0.08%
EQBK	B	0.08%
CAC	C	0.08%
RYAM	C	0.08%
LBRT	D	0.08%
TRST	B	0.08%
GDEN	B	0.08%
RCUS	F	0.08%
NBN	C	0.08%
SCVL	F	0.08%
AMN	F	0.08%
BFST	C	0.08%
MODG	F	0.08%
RYI	C	0.08%
EBF	F	0.07%
CMRE	C	0.07%
HTLD	C	0.07%
AMBC	C	0.07%
MRCY	C	0.07%
GDOT	D	0.07%
GDYN	B	0.07%
ACCO	C	0.07%
LQDT	B	0.07%
IIIN	C	0.07%
AUPH	B	0.07%
FOR	F	0.07%
HTBI	B	0.07%
AVO	C	0.07%
HZO	F	0.07%
RES	D	0.07%
CCNE	C	0.07%
GSBC	C	0.07%
CASS	C	0.07%
SWBI	C	0.07%
SPRY	C	0.07%
NR	B	0.07%
TTGT	B	0.07%
CEVA	B	0.07%
LEG	F	0.07%
IMXI	B	0.07%
EGY	D	0.07%
OFIX	C	0.07%
SPTN	D	0.07%
NAT	F	0.07%
QS	F	0.07%
VSAT	F	0.07%
MTUS	C	0.07%
KRNY	C	0.06%
RGNX	D	0.06%
KELYA	F	0.06%
PTVE	B	0.06%
SMBK	B	0.06%
MCBS	B	0.06%
CLBK	C	0.06%
BBW	C	0.06%
CLNE	F	0.06%
CMP	C	0.06%
LPRO	B	0.06%
TRDA	C	0.06%
FFIC	B	0.06%
CSV	B	0.06%
MCS	B	0.06%
SHBI	B	0.06%
AMRK	F	0.06%
SCHL	F	0.06%
PLOW	D	0.06%
AROW	B	0.06%
BHB	C	0.06%
ESQ	B	0.06%
ARHS	F	0.06%
NWPX	A	0.06%
FOXF	F	0.06%
THFF	B	0.06%
WLDN	C	0.06%
HONE	C	0.06%
GES	F	0.06%
FMNB	B	0.06%
MUX	D	0.05%
SD	D	0.05%
SHYF	C	0.05%
HNRG	B	0.05%
ARKO	C	0.05%
FC	F	0.05%
RICK	B	0.05%
BMRC	B	0.05%
IRMD	C	0.05%
LMNR	B	0.05%
CARE	C	0.05%
DNUT	F	0.05%
GOGO	C	0.05%
USAP	B	0.05%
GRNT	B	0.05%
SPFI	C	0.05%
LXU	B	0.05%
UFCS	A	0.05%
WULF	C	0.05%
USNA	C	0.05%
HIFS	C	0.05%
FSBC	C	0.05%
LOVE	A	0.05%
RDUS	B	0.05%
DHIL	B	0.05%
THRY	D	0.05%
CLW	F	0.05%
FIGS	F	0.05%
MPB	B	0.05%
NRIM	A	0.05%
FFWM	C	0.05%
TTI	B	0.05%
CVGW	D	0.05%
LASR	D	0.05%
KWR	C	0.05%
OSUR	F	0.04%
MOV	D	0.04%
HVT	D	0.04%
AVXL	B	0.04%
IPI	C	0.04%
FLIC	B	0.04%
SBLK	F	0.04%
GLUE	C	0.04%
MEI	F	0.04%
GTN	F	0.04%
IIIV	C	0.04%
IBTA	C	0.04%
GHM	A	0.04%
CVI	F	0.04%
HPK	B	0.04%
SENEA	A	0.04%
DDD	C	0.04%
TBPH	B	0.04%
KIDS	D	0.04%
CVEO	F	0.04%
LOCO	D	0.04%
SLQT	C	0.04%
NEWT	C	0.04%
MTRX	B	0.04%
GCO	C	0.04%
CCRN	F	0.04%
RMR	F	0.04%
MCFT	C	0.04%
KODK	B	0.04%
LINC	C	0.04%
TRC	F	0.04%
APEI	B	0.04%
INBK	B	0.04%
CNSL	C	0.04%
ODC	B	0.04%
MGPI	F	0.04%
METC	C	0.04%
TWI	F	0.04%
FLGT	F	0.04%
LXFR	C	0.04%
USPH	B	0.04%
VERV	F	0.04%
GLRE	B	0.04%
MOFG	B	0.04%
ALRS	D	0.04%
OSPN	A	0.04%
WRLD	C	0.04%
NRC	F	0.04%
ULH	C	0.04%
MLAB	F	0.04%
NVEC	B	0.04%
NUS	D	0.04%
SFIX	B	0.04%
MTW	C	0.04%
CLFD	F	0.04%
WLFC	B	0.04%
RBB	B	0.04%
ZUMZ	B	0.04%
FARO	C	0.04%
ALDX	D	0.03%
MAN	F	0.03%
UTMD	F	0.03%
RVLV	A	0.03%
DBI	F	0.03%
MNTK	F	0.03%
NAPA	A	0.03%
ENFN	B	0.03%
RPAY	D	0.03%
RUN	F	0.03%
CRMT	D	0.03%
FRST	B	0.03%
GAMB	A	0.03%
FMAO	B	0.03%
VIRC	B	0.03%
CRCT	F	0.03%
TCBX	B	0.03%
DCGO	B	0.03%
CIVB	B	0.03%
BCAL	B	0.03%
AURA	C	0.03%
FLWS	D	0.03%
JAKK	C	0.03%
TASK	C	0.03%
PRTA	F	0.03%
VPG	F	0.03%
ACLS	F	0.03%
HDSN	F	0.03%
CENT	C	0.03%
INGN	C	0.03%
PKOH	C	0.03%
NGS	B	0.03%
AMCX	C	0.03%
KRO	C	0.03%
MERC	F	0.03%
ORN	B	0.03%
IMMR	C	0.03%
RGP	F	0.03%
PFIS	A	0.03%
VLGEA	C	0.03%
PBPB	C	0.03%
HAIN	D	0.03%
PACK	B	0.03%
AMPY	C	0.03%
LEGH	D	0.03%
GNE	F	0.03%
ARTNA	F	0.03%
SB	F	0.03%
ALLO	F	0.03%
TYRA	F	0.03%
ITOS	F	0.03%
SIGA	F	0.03%
ACIC	B	0.03%
QURE	C	0.03%
TH	C	0.03%
BRY	F	0.03%
WOW	C	0.03%
BOC	C	0.03%
TITN	C	0.03%
ITIC	A	0.03%
ACDC	B	0.02%
ATYR	C	0.02%
UNTY	B	0.02%
HOFT	B	0.02%
EVCM	B	0.02%
MX	F	0.02%
MG	D	0.02%
TZOO	A	0.02%
ZYXI	D	0.02%
CZFS	B	0.02%
SRG	F	0.02%
SAVE	F	0.02%
HBB	F	0.02%
PGNY	F	0.02%
OLPX	D	0.02%
FDMT	F	0.02%
GEOS	B	0.02%
FF	F	0.02%
LGTY	C	0.02%
EVBN	B	0.02%
JOUT	F	0.02%
ESOA	B	0.02%
ACNB	B	0.02%
INZY	F	0.02%
APLD	B	0.02%
DXLG	D	0.02%
TRAK	B	0.02%
RDVT	A	0.02%
BRCC	F	0.02%
AVNW	F	0.02%
EBTC	C	0.02%
BOOM	F	0.02%
FBIZ	B	0.02%
REI	D	0.02%
JRVR	F	0.02%
SFST	B	0.02%
SMHI	F	0.02%
LDI	C	0.02%
ACTG	D	0.02%
BWB	B	0.02%
RELL	B	0.02%
OBT	C	0.02%
OUST	C	0.02%
JILL	C	0.02%
EPM	A	0.02%
ASUR	C	0.02%
EWCZ	F	0.02%
NATR	C	0.02%
INFN	D	0.02%
SRI	F	0.02%
CYRX	F	0.02%
ALTG	C	0.02%
MODV	C	0.02%
TLS	D	0.02%
QUAD	C	0.02%
THRD	F	0.02%
RZLT	C	0.02%
BLDE	C	0.02%
FRBA	D	0.02%
PYXS	D	0.02%
MEC	F	0.02%
OFLX	D	0.02%
SEB	F	0.02%
DGICA	A	0.02%
SGC	C	0.02%
PANL	F	0.02%
TR	B	0.02%
LSEA	D	0.02%
WTI	F	0.02%
FRPH	B	0.02%
AMR	C	0.02%
TBI	F	0.02%
LE	D	0.02%
RNGR	A	0.02%
FULC	F	0.02%
MLYS	F	0.02%
LRMR	D	0.02%
RBBN	C	0.02%
KRT	B	0.02%
ADV	D	0.02%
SWIM	C	0.02%
LILA	D	0.02%
RLGT	B	0.02%
AMPS	C	0.02%
RRBI	A	0.01%
WTBA	B	0.01%
PVBC	B	0.01%
FPH	C	0.01%
HOWL	F	0.01%
EPIX	F	0.01%
SDGR	C	0.01%
INTT	C	0.01%
TBRG	B	0.01%
SERA	F	0.01%
NTIC	B	0.01%
PEBK	B	0.01%
CSPI	C	0.01%
IRON	B	0.01%
PTEN	C	0.01%
LFVN	C	0.01%
LCUT	F	0.01%
RPTX	F	0.01%
ICHR	C	0.01%
OPRT	C	0.01%
KEQU	B	0.01%
PSTX	D	0.01%
CMTL	F	0.01%
MASS	F	0.01%
SHLS	F	0.01%
KINS	B	0.01%
PEPG	F	0.01%
CFFI	A	0.01%
BFLY	B	0.01%
METCB	F	0.01%
ULBI	F	0.01%
LTRX	F	0.01%
YORW	F	0.01%
ULCC	D	0.01%
CBNK	B	0.01%
VEL	A	0.01%
PLL	C	0.01%
HTZ	C	0.01%
PWOD	A	0.01%
ABCL	D	0.01%
CVGI	F	0.01%
KLXE	C	0.01%
RMBL	B	0.01%
VTYX	F	0.01%
UEIC	B	0.01%
NVRO	F	0.01%
SRTS	B	0.01%
SPWH	F	0.01%
BBCP	D	0.01%
ACRV	F	0.01%
MPAA	B	0.01%
ABOS	F	0.01%
SGU	B	0.01%
CC	C	0.01%
TSBK	A	0.01%
BTBT	C	0.01%
PETS	C	0.01%
BCBP	B	0.01%
MVBF	C	0.01%
EML	D	0.01%
CRDF	F	0.01%
BLFY	B	0.01%
COOK	D	0.01%
SEER	B	0.01%
LAKE	B	0.01%
STHO	F	0.01%
TTEC	F	0.01%
ISTR	B	0.01%
BCML	B	0.01%
APPS	F	0.01%
CRVS	B	0.01%
EXFY	A	0.01%
FFNW	C	0.01%
LWAY	C	0.01%
HBT	B	0.01%
GRPN	F	0.01%
FET	F	0.01%
RCMT	C	0.01%
MYPS	C	0.01%
GEVO	D	0.01%
GRWG	D	0.01%
COFS	A	0.01%
GENC	C	0.01%
CBAN	B	0.01%
QUIK	F	0.01%
BSVN	B	0.01%
SGHT	F	0.01%
FSBW	C	0.01%
JYNT	C	0.01%
ACU	C	0.01%
NFE	D	0.01%
EEX	C	0.01%
GNTY	A	0.01%
TTSH	F	0.01%
HMST	F	0.01%
CTRN	F	0.01%
BELFA	D	0.01%
PSNL	D	0.01%
CNXC	F	0.01%
TRVI	F	0.01%
HBCP	C	0.01%
VRA	C	0.01%
LUNG	F	0.01%
MFIN	B	0.01%
MGTX	C	0.01%
LAW	F	0.01%
EU	D	0.01%
TAYD	D	0.01%
TG	D	0.01%
SSP	F	0.01%
OLMA	F	0.01%
EHTH	C	0.01%
BLNK	F	0.01%
NSP	F	0.01%
CMT	C	0.01%
IBEX	B	0.01%
NNBR	C	0.01%
NRDS	C	0.01%
EVC	C	0.01%
CLAR	D	0.01%
ASLE	C	0.01%
SPR	D	0.0%
DSGR	C	0.0%
CHRD	D	0.0%
SKY	A	0.0%
CODA	B	0.0%
CRD.B	D	0.0%
PDSB	F	0.0%
FVCB	B	0.0%
NKSH	C	0.0%
LCNB	B	0.0%
CUE	D	0.0%
GEF	A	0.0%
MNSB	C	0.0%
SRDX	B	0.0%
MNTX	B	0.0%
BCAB	F	0.0%
GEF	A	0.0%
BH	B	0.0%
INMB	F	0.0%
RGCO	B	0.0%
LUNA	F	0.0%
BARK	C	0.0%
BYRN	B	0.0%
FREY	B	0.0%
CVRX	C	0.0%
NWFL	C	0.0%
NRGV	C	0.0%
MBCN	C	0.0%
PLBC	A	0.0%
WMPN	B	0.0%
CRSR	C	0.0%
ASYS	D	0.0%
PESI	B	0.0%
FSLY	D	0.0%
FORR	C	0.0%
WALD	F	0.0%
CHMG	B	0.0%
SND	C	0.0%
AOUT	B	0.0%
AXTI	F	0.0%
DLTH	D	0.0%
DHX	D	0.0%
ESCA	B	0.0%
EPSN	B	0.0%
ACCD	D	0.0%
EVEX	D	0.0%
BSET	C	0.0%
DMAC	C	0.0%
TUSK	F	0.0%
NC	B	0.0%
ORGN	D	0.0%
OVLY	B	0.0%
OB	B	0.0%
SSBK	B	0.0%
TIPT	C	0.0%
CNTY	B	0.0%
IVAC	F	0.0%
WEYS	C	0.0%
DC	D	0.0%
INFU	B	0.0%
HFFG	C	0.0%
VOXX	C	0.0%
FDBC	C	0.0%
VHI	D	0.0%
STRT	B	0.0%
BEEM	F	0.0%
GOCO	C	0.0%
VABK	B	0.0%
HLVX	F	0.0%
CPSS	B	0.0%
KVHI	B	0.0%
OBIO	C	0.0%
STRS	B	0.0%
MYFW	B	0.0%
ATLO	C	0.0%
AIRS	C	0.0%
BWFG	B	0.0%
PDEX	C	0.0%
DLHC	F	0.0%
TRNS	D	0.0%
BMEA	F	0.0%
FUNC	B	0.0%
KOSS	C	0.0%
SMID	B	0.0%
PAYS	F	0.0%
ORMP	D	0.0%
FNLC	C	0.0%
TKNO	B	0.0%
SKLZ	D	0.0%
UFI	D	0.0%
CATO	D	0.0%
PRME	F	0.0%
HQI	B	0.0%
FEIM	B	0.0%
GIFI	B	0.0%
CRK	B	0.0%
MITK	C	0.0%
SEDG	F	0.0%
CZNC	C	0.0%
ATLC	A	0.0%
SKYT	D	0.0%
PKBK	A	0.0%
DIBS	F	0.0%
GBIO	F	0.0%
PCYO	A	0.0%
TWIN	F	0.0%
CTV	A	0.0%
TSQ	D	0.0%
EAF	C	0.0%
DGII	C	0.0%
RGLS	F	0.0%
STKS	F	0.0%
OPRX	F	0.0%
TLYS	F	0.0%
ALCO	D	0.0%
CXDO	C	0.0%
FLL	C	0.0%
PCB	B	0.0%
VIGL	F	0.0%
SKYH	C	0.0%
GCBC	C	0.0%
ARC	A	0.0%
BRBS	B	0.0%
MPX	C	0.0%
DOUG	B	0.0%
PNRG	A	0.0%
CCRD	B	0.0%
ELMD	B	0.0%

AVSC Underweight 294 Positions Relative to FESM

Symbol	Grade	Weight
LUMN	C	-0.86%
CRS	B	-0.81%
QTWO	A	-0.8%
CVLT	B	-0.77%
ANF	F	-0.74%
FN	C	-0.74%
SPSC	D	-0.72%
SKYW	C	-0.69%
BGC	C	-0.66%
JXN	C	-0.64%
ENS	F	-0.61%
MHO	D	-0.59%
COMP	B	-0.58%
IBP	D	-0.57%
QLYS	B	-0.56%
EME	A	-0.55%
CVNA	B	-0.55%
FIX	A	-0.55%
EXLS	B	-0.54%
OUT	A	-0.53%
FUL	F	-0.52%
MTDR	B	-0.51%
VMEO	B	-0.51%
AEO	F	-0.5%
FLR	B	-0.5%
IGT	F	-0.49%
MXL	C	-0.48%
AIT	B	-0.47%
TMHC	C	-0.47%
ITRI	C	-0.47%
LANC	C	-0.45%
SIGI	C	-0.44%
CODI	B	-0.44%
BANF	B	-0.43%
INSM	C	-0.42%
BMI	B	-0.4%
WTS	B	-0.39%
CMPR	D	-0.39%
AROC	A	-0.39%
SANM	B	-0.39%
ACA	A	-0.37%
CBU	B	-0.37%
AAT	B	-0.36%
CRDO	B	-0.36%
BAND	B	-0.36%
PCVX	D	-0.36%
TENB	C	-0.36%
GH	B	-0.35%
FFIN	B	-0.35%
VICR	C	-0.35%
UMBF	B	-0.34%
TPH	D	-0.34%
TEX	F	-0.34%
PECO	A	-0.34%
ESRT	C	-0.34%
YOU	D	-0.32%
SF	B	-0.32%
SXT	C	-0.32%
ATI	C	-0.32%
ABM	B	-0.32%
MATX	C	-0.32%
STEP	C	-0.32%
COKE	C	-0.32%
EQC	B	-0.31%
SWX	B	-0.31%
KTOS	B	-0.31%
NJR	A	-0.3%
MTH	D	-0.3%
AWR	B	-0.3%
GFF	A	-0.3%
AX	B	-0.29%
PHR	F	-0.29%
BDC	C	-0.29%
TRNO	F	-0.28%
LNW	F	-0.28%
WK	B	-0.28%
YEXT	B	-0.28%
FBP	C	-0.28%
CNO	B	-0.27%
RVMD	C	-0.26%
CDP	C	-0.25%
MOG.A	B	-0.25%
HQY	A	-0.24%
PDFS	C	-0.24%
BCO	F	-0.24%
PSN	D	-0.24%
SHAK	C	-0.23%
CRC	A	-0.22%
COMM	D	-0.22%
CALM	A	-0.22%
HWC	B	-0.22%
GEO	B	-0.22%
MAC	B	-0.22%
RNA	C	-0.21%
PBH	A	-0.21%
HALO	F	-0.21%
ALKS	C	-0.21%
CTRE	C	-0.2%
BL	B	-0.2%
ZUO	B	-0.2%
KBH	D	-0.2%
PBI	B	-0.19%
HL	D	-0.19%
MUR	D	-0.19%
SMTC	B	-0.19%
FULT	A	-0.19%
UBSI	B	-0.19%
RMBS	B	-0.19%
PD	C	-0.18%
PJT	A	-0.18%
CADE	B	-0.18%
PRO	C	-0.18%
SFBS	C	-0.18%
XRX	F	-0.18%
VRE	B	-0.18%
ARLO	C	-0.17%
IRTC	C	-0.17%
CSWI	B	-0.17%
PTCT	B	-0.17%
FLNC	D	-0.17%
INTA	B	-0.17%
TVTX	C	-0.16%
RYTM	C	-0.16%
EWTX	C	-0.16%
EXPI	D	-0.16%
BCC	B	-0.16%
BPMC	B	-0.16%
CYTK	F	-0.16%
DOMO	B	-0.15%
VCYT	B	-0.15%
MDGL	B	-0.15%
DY	D	-0.15%
TRTX	C	-0.15%
CPS	C	-0.15%
OPCH	D	-0.14%
GHC	B	-0.14%
NRIX	C	-0.14%
HAE	C	-0.14%
TWST	F	-0.14%
UCB	A	-0.14%
FOLD	F	-0.14%
SRRK	C	-0.13%
ATRC	C	-0.13%
WSR	A	-0.13%
WS	C	-0.13%
CRNX	C	-0.13%
KNF	B	-0.13%
SLG	B	-0.13%
BRC	D	-0.12%
KREF	C	-0.12%
AMRX	C	-0.12%
AMSC	B	-0.12%
FORM	D	-0.12%
CHX	C	-0.11%
KRYS	C	-0.11%
ACAD	C	-0.11%
ADMA	B	-0.11%
SKT	A	-0.11%
DYN	F	-0.11%
OTTR	C	-0.11%
UNIT	B	-0.11%
EAT	A	-0.11%
ALE	A	-0.1%
LADR	B	-0.1%
OSCR	D	-0.1%
GKOS	B	-0.1%
GMRE	F	-0.1%
AUB	B	-0.1%
BCRX	D	-0.1%
ALTR	B	-0.1%
RDFN	D	-0.1%
TGTX	B	-0.09%
AMBA	B	-0.09%
HLIT	D	-0.09%
RXRX	F	-0.09%
BCPC	B	-0.09%
MYGN	F	-0.09%
AUR	C	-0.09%
ARQT	B	-0.09%
ARAY	C	-0.08%
FTDR	B	-0.08%
CDMO	A	-0.08%
DEA	D	-0.08%
EGP	D	-0.08%
KTB	B	-0.08%
URBN	C	-0.08%
RUSHA	C	-0.08%
AKBA	C	-0.08%
WVE	C	-0.08%
FSS	B	-0.08%
SPT	C	-0.08%
LUNR	B	-0.07%
LNTH	D	-0.07%
WEAV	C	-0.07%
NVAX	F	-0.07%
JAMF	F	-0.07%
AXSM	B	-0.07%
SEM	B	-0.07%
IRWD	F	-0.07%
DNLI	D	-0.07%
MEDP	D	-0.07%
BLKB	B	-0.07%
BSIG	A	-0.07%
BBIO	F	-0.07%
RXO	D	-0.06%
UEC	B	-0.06%
TSHA	C	-0.06%
SNDX	F	-0.06%
RVNC	F	-0.06%
APPN	B	-0.06%
CMC	B	-0.06%
ARVN	F	-0.06%
CLDX	F	-0.06%
CERS	D	-0.06%
NABL	F	-0.06%
EOLS	D	-0.06%
ALLK	D	-0.05%
ACIW	B	-0.05%
FLYW	B	-0.05%
UHT	D	-0.05%
ARWR	D	-0.05%
COGT	D	-0.05%
SNBR	F	-0.05%
ONTO	F	-0.05%
BOOT	C	-0.05%
HRTX	F	-0.04%
MGNX	F	-0.04%
LPSN	F	-0.04%
BDTX	F	-0.04%
TNDM	D	-0.04%
NXRT	B	-0.04%
GERN	D	-0.04%
BRSP	C	-0.04%
CXM	C	-0.04%
BASE	B	-0.04%
NUVL	C	-0.04%
CRVL	B	-0.04%
ALX	D	-0.04%
IOVA	F	-0.04%
IDYA	F	-0.04%
NPAB	F	-0.04%
TXRH	B	-0.04%
PRTS	C	-0.03%
FIZZ	C	-0.03%
KYMR	D	-0.03%
ACET	F	-0.03%
YMAB	F	-0.03%
BECN	B	-0.03%
ENSG	C	-0.03%
STNE	F	-0.03%
AXNX	A	-0.03%
RCKT	F	-0.03%
SANA	F	-0.03%
ACLX	C	-0.03%
HROW	D	-0.03%
MCY	A	-0.03%
UFPI	C	-0.03%
LMAT	A	-0.03%
NARI	C	-0.03%
HUMA	F	-0.03%
VCEL	B	-0.03%
HIMS	B	-0.03%
CSR	B	-0.03%
UPLD	B	-0.02%
DIN	C	-0.02%
CTMX	F	-0.02%
SPNS	F	-0.02%
TNET	F	-0.02%
ABUS	D	-0.02%
RAMP	B	-0.02%
NKTR	F	-0.02%
MRSN	D	-0.02%
PGEN	F	-0.02%
DOC	C	-0.02%
SWTX	C	-0.02%
TSE	F	-0.02%
ALHC	C	-0.02%
VERA	C	-0.02%
KPTI	D	-0.02%
BOLT	F	-0.01%
CARA	D	-0.01%
WFRD	D	-0.01%
ALVR	F	-0.01%
GATX	A	-0.01%
ZDGE	F	-0.01%
FGEN	D	-0.01%
IMVT	F	-0.01%
CHRS	D	-0.01%
AVTE	D	-0.01%
SMMT	D	-0.01%
ADAP	F	-0.01%
SPCE	D	-0.01%
RIG	D	-0.01%
URGN	F	-0.01%