AVUV vs. DES ETF Comparison

Comparison of Avantis U.S. Small Cap Value ETF (AVUV) to SmallCap Dividend Fund (DES)

AVUV

Avantis U.S. Small Cap Value ETF

AVUV Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups. Under normal market conditions, it will invest at least 80% of its assets in securities of small capitalization companies located in the United States. The fund also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$95.83

Average Daily Volume

767,571

Number of Holdings ^*

711

* may have additional holdings in another (foreign) market

DES

SmallCap Dividend Fund

DES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.13

Average Daily Volume

121,020

Number of Holdings ^*

565

* may have additional holdings in another (foreign) market

Performance

Period	AVUV	DES
30 Days	3.91%	2.38%
60 Days	8.26%	8.02%
90 Days	9.04%	12.18%
12 Months	29.11%	27.86%

305 Overlapping Holdings

Symbol	Grade	Weight in AVUV	Weight in DES	Overlap
AAN	B	0.05%	0.07%	0.05%
ABCB	C	0.24%	0.18%	0.18%
ACCO	C	0.05%	0.14%	0.05%
ACU	D	0.01%	0.03%	0.01%
AGM	D	0.22%	0.16%	0.16%
AGX	A	0.24%	0.21%	0.21%
ALRS	B	0.02%	0.05%	0.02%
ALTG	F	0.01%	0.04%	0.01%
AMAL	B	0.09%	0.05%	0.05%
AMSF	B	0.01%	0.27%	0.01%
AMTB	F	0.05%	0.03%	0.03%
ANDE	D	0.33%	0.12%	0.12%
ANET	A	0.06%	0.13%	0.06%
APOG	B	0.26%	0.22%	0.22%
ARCB	F	0.36%	0.11%	0.11%
ARCH	D	0.47%	0.11%	0.11%
AROC	B	0.59%	0.64%	0.59%
AROW	D	0.05%	0.02%	0.02%
ASB	D	0.23%	0.42%	0.23%
ASIX	A	0.12%	0.12%	0.12%
ASTE	F	0.0%	0.09%	0.0%
ATNI	C	0.06%	0.1%	0.06%
BANC	D	0.14%	0.16%	0.14%
BANF	D	0.0%	0.24%	0.0%
BANR	B	0.25%	0.19%	0.19%
BELFB	A	0.15%	0.09%	0.09%
BFC	D	0.01%	0.04%	0.01%
BGS	D	0.11%	0.18%	0.11%
BHB	D	0.05%	0.03%	0.03%
BHE	C	0.27%	0.22%	0.22%
BHLB	D	0.1%	0.1%	0.1%
BKE	B	0.22%	0.38%	0.22%
BKU	D	0.34%	0.26%	0.26%
BMRC	D	0.02%	0.03%	0.02%
BOH	D	0.27%	0.29%	0.27%
BRKL	D	0.1%	0.11%	0.1%
BRY	F	0.06%	0.1%	0.06%
BSET	C	0.01%	0.03%	0.01%
BSRR	D	0.02%	0.05%	0.02%
BSVN	D	0.0%	0.04%	0.0%
BTU	B	0.58%	0.18%	0.18%
BUSE	D	0.17%	0.15%	0.15%
BY	D	0.09%	0.06%	0.06%
CABO	F	0.1%	0.17%	0.1%
CAC	C	0.05%	0.05%	0.05%
CAKE	A	0.29%	0.27%	0.27%
CAL	F	0.22%	0.11%	0.11%
CALM	A	0.54%	0.13%	0.13%
CASH	C	0.22%	0.07%	0.07%
CASS	F	0.02%	0.03%	0.02%
CATO	D	0.0%	0.02%	0.0%
CATY	B	0.37%	0.44%	0.37%
CBNK	C	0.01%	0.02%	0.01%
CBRL	D	0.16%	0.23%	0.16%
CCNE	D	0.06%	0.05%	0.05%
CHCO	D	0.04%	0.19%	0.04%
CIVB	B	0.01%	0.03%	0.01%
CLAR	F	0.01%	0.04%	0.01%
CNO	B	0.54%	0.22%	0.22%
CNOB	B	0.11%	0.06%	0.06%
CNXN	C	0.13%	0.11%	0.11%
CPF	C	0.1%	0.08%	0.08%
CRC	B	0.67%	0.42%	0.42%
CRGY	B	0.22%	0.17%	0.17%
CRI	D	0.39%	0.5%	0.39%
CSPI	F	0.0%	0.03%	0.0%
CTBI	B	0.09%	0.14%	0.09%
CVBF	B	0.03%	0.28%	0.03%
CVGW	B	0.06%	0.08%	0.06%
CVI	D	0.09%	0.62%	0.09%
DAN	D	0.26%	0.17%	0.17%
DBI	F	0.06%	0.07%	0.06%
DCOM	B	0.12%	0.1%	0.1%
DHIL	C	0.03%	0.06%	0.03%
EBC	B	0.03%	0.3%	0.03%
EBF	B	0.07%	0.17%	0.07%
EFSC	D	0.23%	0.11%	0.11%
EGBN	C	0.08%	0.12%	0.08%
EGY	D	0.12%	0.15%	0.12%
EIG	A	0.15%	0.12%	0.12%
EML	C	0.0%	0.06%	0.0%
ENS	B	0.3%	0.24%	0.24%
EPM	B	0.02%	0.05%	0.02%
EQBK	D	0.02%	0.04%	0.02%
ESCA	D	0.0%	0.05%	0.0%
EVC	D	0.01%	0.04%	0.01%
FBIZ	D	0.02%	0.02%	0.02%
FBK	B	0.03%	0.1%	0.03%
FBMS	D	0.07%	0.08%	0.07%
FBNC	B	0.02%	0.11%	0.02%
FBP	B	0.46%	0.53%	0.46%
FCBC	D	0.01%	0.08%	0.01%
FCF	D	0.2%	0.16%	0.16%
FDBC	D	0.0%	0.01%	0.0%
FF	B	0.01%	0.06%	0.01%
FFBC	D	0.02%	0.42%	0.02%
FFIC	C	0.04%	0.05%	0.04%
FIBK	C	0.02%	0.62%	0.02%
FISI	C	0.05%	0.09%	0.05%
FLIC	B	0.03%	0.04%	0.03%
FMBH	D	0.09%	0.05%	0.05%
FMNB	D	0.02%	0.03%	0.02%
FRBA	D	0.02%	0.02%	0.02%
FRME	D	0.11%	0.25%	0.11%
FRST	D	0.01%	0.04%	0.01%
FSBC	C	0.03%	0.04%	0.03%
FSBW	D	0.02%	0.03%	0.02%
FULT	D	0.35%	0.34%	0.34%
GABC	D	0.01%	0.14%	0.01%
GBX	C	0.27%	0.2%	0.2%
GES	F	0.12%	0.22%	0.12%
GHC	A	0.05%	0.16%	0.05%
GIC	D	0.01%	0.17%	0.01%
GNTY	C	0.01%	0.03%	0.01%
GRNT	D	0.06%	0.23%	0.06%
GSBC	D	0.07%	0.04%	0.04%
GVA	A	0.17%	0.2%	0.17%
HAFC	D	0.07%	0.06%	0.06%
HBB	B	0.03%	0.08%	0.03%
HBNC	D	0.05%	0.08%	0.05%
HBT	D	0.02%	0.08%	0.02%
HCC	C	0.66%	0.13%	0.13%
HCI	B	0.09%	0.04%	0.04%
HEES	D	0.27%	0.17%	0.17%
HFWA	D	0.03%	0.09%	0.03%
HMN	B	0.0%	0.13%	0.0%
HOFT	D	0.02%	0.04%	0.02%
HONE	D	0.02%	0.03%	0.02%
HOPE	B	0.17%	0.22%	0.17%
HP	D	0.45%	0.28%	0.28%
HPK	D	0.06%	0.08%	0.06%
HRI	B	0.67%	0.33%	0.33%
HSII	D	0.02%	0.12%	0.02%
HTBK	D	0.06%	0.09%	0.06%
HTH	F	0.07%	0.1%	0.07%
HTLD	F	0.08%	0.07%	0.07%
HTLF	B	0.13%	0.2%	0.13%
HVT	F	0.06%	0.11%	0.06%
HWC	D	0.5%	0.32%	0.32%
HWKN	B	0.24%	0.21%	0.21%
HY	D	0.09%	0.16%	0.09%
IBCP	D	0.09%	0.06%	0.06%
IBOC	D	0.44%	0.38%	0.38%
IBTX	B	0.05%	0.22%	0.05%
IDCC	A	0.6%	0.32%	0.32%
IIIN	F	0.1%	0.05%	0.05%
IMKTA	F	0.2%	0.07%	0.07%
IMMR	D	0.04%	0.08%	0.04%
INBK	D	0.02%	0.01%	0.01%
INDB	D	0.13%	0.25%	0.13%
ISTR	C	0.01%	0.02%	0.01%
ITIC	C	0.01%	0.06%	0.01%
JBSS	F	0.06%	0.19%	0.06%
JWN	D	0.36%	0.59%	0.36%
KALU	D	0.17%	0.24%	0.17%
KELYA	D	0.1%	0.08%	0.08%
KFRC	F	0.01%	0.15%	0.01%
KFY	C	0.03%	0.22%	0.03%
KLG	F	0.14%	0.32%	0.14%
KLIC	D	0.09%	0.16%	0.09%
KMT	C	0.36%	0.25%	0.25%
KRNY	C	0.01%	0.05%	0.01%
KRO	C	0.01%	0.39%	0.01%
KRT	F	0.03%	0.12%	0.03%
KSS	D	0.47%	0.6%	0.47%
LAKE	F	0.0%	0.04%	0.0%
LBRT	D	0.58%	0.25%	0.25%
LCII	C	0.4%	0.39%	0.39%
LCUT	F	0.01%	0.04%	0.01%
LKFN	D	0.03%	0.12%	0.03%
LNN	C	0.01%	0.1%	0.01%
LOB	B	0.03%	0.08%	0.03%
LYTS	B	0.03%	0.09%	0.03%
LZB	D	0.29%	0.17%	0.17%
MATX	C	0.91%	0.26%	0.26%
MBIN	C	0.11%	0.08%	0.08%
MBWM	D	0.09%	0.08%	0.08%
MCBS	D	0.04%	0.08%	0.04%
MCRI	B	0.18%	0.2%	0.18%
MCS	B	0.06%	0.1%	0.06%
MCY	B	0.06%	0.27%	0.06%
MEI	D	0.03%	0.05%	0.03%
METC	D	0.06%	0.07%	0.06%
MOV	F	0.05%	0.07%	0.05%
MPX	D	0.01%	0.08%	0.01%
MRTN	F	0.18%	0.1%	0.1%
MSBI	F	0.06%	0.05%	0.05%
MWA	A	0.01%	0.26%	0.01%
MYE	F	0.04%	0.11%	0.04%
NAVI	D	0.16%	0.17%	0.16%
NBHC	D	0.11%	0.12%	0.11%
NBN	B	0.07%	0.02%	0.02%
NBTB	D	0.09%	0.18%	0.09%
NC	D	0.01%	0.04%	0.01%
NFBK	D	0.05%	0.06%	0.05%
NGVC	D	0.07%	0.16%	0.07%
NIC	D	0.0%	0.06%	0.0%
NNI	B	0.09%	0.13%	0.09%
NOG	D	0.59%	0.47%	0.47%
NRIM	C	0.05%	0.05%	0.05%
NUS	F	0.03%	0.08%	0.03%
NWBI	D	0.11%	0.32%	0.11%
NX	F	0.15%	0.07%	0.07%
OBK	D	0.1%	0.04%	0.04%
OBT	D	0.01%	0.01%	0.01%
OCFC	C	0.12%	0.15%	0.12%
ODC	D	0.06%	0.09%	0.06%
OFG	D	0.29%	0.2%	0.2%
OPY	D	0.05%	0.03%	0.03%
ORRF	C	0.05%	0.04%	0.04%
OSBC	D	0.09%	0.04%	0.04%
OXM	F	0.23%	0.17%	0.17%
PAHC	C	0.07%	0.1%	0.07%
PATK	A	0.12%	0.44%	0.12%
PDCO	F	0.16%	0.28%	0.16%
PEBO	F	0.12%	0.2%	0.12%
PFBC	D	0.05%	0.14%	0.05%
PFC	D	0.1%	0.11%	0.1%
PFS	D	0.14%	0.32%	0.14%
PGC	B	0.05%	0.04%	0.04%
PHIN	D	0.37%	0.33%	0.33%
PHX	B	0.0%	0.03%	0.0%
PINC	F	0.3%	0.33%	0.3%
PKOH	B	0.03%	0.08%	0.03%
PLBC	D	0.0%	0.01%	0.0%
PLPC	D	0.01%	0.07%	0.01%
POWL	B	0.4%	0.26%	0.26%
PPBI	D	0.12%	0.34%	0.12%
PRDO	D	0.21%	0.22%	0.21%
PSMT	A	0.39%	0.17%	0.17%
QCRH	C	0.15%	0.05%	0.05%
RBCAA	C	0.07%	0.11%	0.07%
RCKY	C	0.04%	0.06%	0.04%
RDUS	D	0.08%	0.08%	0.08%
REPX	C	0.05%	0.14%	0.05%
RES	C	0.1%	0.14%	0.1%
RGR	F	0.04%	0.09%	0.04%
RICK	F	0.01%	0.05%	0.01%
RM	D	0.03%	0.04%	0.03%
RNGR	C	0.03%	0.07%	0.03%
RRBI	D	0.0%	0.02%	0.0%
RYI	D	0.11%	0.08%	0.08%
SAFT	D	0.02%	0.13%	0.02%
SASR	B	0.17%	0.21%	0.17%
SBSI	D	0.05%	0.12%	0.05%
SCHL	F	0.1%	0.1%	0.1%
SCL	D	0.18%	0.13%	0.13%
SCS	D	0.22%	0.22%	0.22%
SCVL	D	0.14%	0.17%	0.14%
SD	D	0.06%	0.08%	0.06%
SFBS	B	0.08%	0.21%	0.08%
SFNC	B	0.03%	0.34%	0.03%
SGC	D	0.03%	0.07%	0.03%
SHBI	D	0.03%	0.03%	0.03%
SHEN	F	0.03%	0.05%	0.03%
SLM	B	0.7%	0.34%	0.34%
SLVM	C	0.45%	0.43%	0.43%
SMBC	B	0.06%	0.03%	0.03%
SMBK	C	0.04%	0.04%	0.04%
SMP	D	0.08%	0.11%	0.08%
SPFI	D	0.04%	0.02%	0.02%
SPTN	C	0.12%	0.14%	0.12%
SRCE	D	0.03%	0.14%	0.03%
STBA	D	0.18%	0.16%	0.16%
SWBI	F	0.1%	0.11%	0.1%
SXC	F	0.15%	0.13%	0.13%
SYBT	C	0.08%	0.11%	0.08%
TCBK	D	0.11%	0.1%	0.1%
TDS	C	0.44%	0.34%	0.34%
TEX	F	0.55%	0.18%	0.18%
THFF	D	0.06%	0.08%	0.06%
TILE	C	0.2%	0.11%	0.11%
TNC	F	0.07%	0.16%	0.07%
TOWN	C	0.14%	0.23%	0.14%
TRMK	D	0.18%	0.18%	0.18%
TRN	C	0.35%	0.39%	0.35%
TRST	D	0.07%	0.08%	0.07%
TWIN	F	0.0%	0.04%	0.0%
UCBI	B	0.03%	0.32%	0.03%
UFCS	D	0.01%	0.03%	0.01%
ULH	B	0.06%	0.15%	0.06%
UMBF	C	0.54%	0.26%	0.26%
UNTY	D	0.01%	0.01%	0.01%
USLM	C	0.03%	0.15%	0.03%
UTMD	F	0.0%	0.06%	0.0%
UVE	C	0.07%	0.07%	0.07%
VBTX	C	0.11%	0.14%	0.11%
VHI	A	0.0%	0.19%	0.0%
VLGEA	D	0.04%	0.08%	0.04%
VRTS	D	0.07%	0.21%	0.07%
VSH	F	0.42%	0.16%	0.16%
WABC	F	0.16%	0.16%	0.16%
WAFD	D	0.32%	0.19%	0.19%
WASH	C	0.06%	0.09%	0.06%
WD	C	0.36%	0.27%	0.27%
WERN	D	0.41%	0.14%	0.14%
WEYS	C	0.0%	0.08%	0.0%
WGO	D	0.2%	0.14%	0.14%
WMK	D	0.18%	0.18%	0.18%
WNC	F	0.15%	0.08%	0.08%
WOR	F	0.16%	0.26%	0.16%
WSFS	D	0.27%	0.13%	0.13%
WTBA	D	0.02%	0.03%	0.02%
WTTR	B	0.18%	0.18%	0.18%
ZEUS	F	0.08%	0.06%	0.06%

AVUV Overweight 406 Positions Relative to DES

Symbol	Grade	Weight
MDU	C	0.91%
BCC	C	0.89%
GATX	F	0.86%
ALK	C	0.85%
JXN	A	0.84%
CBT	B	0.83%
MLI	B	0.82%
AL	D	0.81%
MHO	C	0.8%
SM	D	0.78%
CNX	A	0.77%
KBH	D	0.77%
HOG	D	0.74%
R	C	0.73%
RDN	D	0.71%
MGY	B	0.69%
AEO	C	0.69%
SKYW	B	0.68%
STNG	B	0.66%
DXC	C	0.65%
SIG	C	0.62%
THO	C	0.59%
M	D	0.59%
SFM	A	0.59%
AMR	F	0.51%
AVT	B	0.51%
OZK	D	0.5%
AX	D	0.49%
GT	F	0.49%
CEIX	B	0.48%
URBN	F	0.48%
SATS	C	0.48%
INSW	B	0.48%
TPH	C	0.48%
ANF	D	0.47%
NMIH	B	0.45%
COLB	C	0.44%
AGO	B	0.43%
MTG	A	0.43%
BHF	D	0.42%
PTEN	F	0.41%
AXS	A	0.41%
VSTO	B	0.4%
HUBG	D	0.4%
SANM	D	0.39%
PLUS	B	0.39%
ONB	D	0.39%
PII	D	0.38%
COLM	B	0.37%
ATKR	F	0.36%
OII	D	0.36%
ALKS	B	0.36%
VLY	C	0.35%
TBBK	A	0.34%
PBF	F	0.32%
SNV	D	0.32%
JBLU	B	0.32%
ESGR	C	0.32%
TNK	C	0.31%
FYBR	C	0.3%
KOS	F	0.3%
SNEX	B	0.3%
FNB	D	0.29%
PLAB	D	0.29%
LPX	C	0.29%
TMHC	C	0.28%
TCBI	B	0.28%
MARA	F	0.28%
GNW	A	0.27%
HLX	C	0.27%
ESNT	A	0.27%
LPG	F	0.26%
STRL	B	0.26%
GIII	C	0.25%
WTFC	B	0.25%
PFSI	C	0.25%
ASO	D	0.24%
TALO	D	0.24%
VC	F	0.24%
SFL	D	0.24%
DHT	B	0.24%
OPEN	F	0.24%
BPOP	D	0.24%
NTB	D	0.23%
JELD	D	0.23%
PLXS	A	0.23%
CENTA	F	0.23%
MUR	F	0.23%
CC	D	0.22%
AAP	F	0.22%
CMC	D	0.22%
ATSG	D	0.21%
SPNT	D	0.21%
SCSC	D	0.2%
MTH	C	0.2%
CUBI	F	0.2%
DIOD	F	0.2%
HRMY	D	0.2%
AMPH	C	0.19%
TTMI	D	0.19%
BXC	D	0.19%
CRK	B	0.19%
HHH	C	0.19%
SUPN	D	0.18%
GLNG	A	0.18%
KRP	B	0.18%
PRG	C	0.18%
CIVI	F	0.17%
OEC	F	0.17%
ODP	F	0.17%
TPC	A	0.17%
ASC	D	0.16%
USM	B	0.16%
ALGT	D	0.16%
AM	A	0.16%
SNDR	D	0.16%
PARR	F	0.16%
UNFI	C	0.16%
DOLE	C	0.16%
GNK	D	0.15%
AMRC	C	0.15%
HOV	D	0.15%
SGH	D	0.15%
OMF	D	0.15%
IRDM	C	0.15%
GRBK	C	0.14%
MRC	D	0.14%
FDP	C	0.14%
FL	F	0.13%
ETH	F	0.13%
MBUU	D	0.13%
ACT	B	0.13%
TROX	D	0.13%
AXL	F	0.13%
PUMP	D	0.13%
PLYA	D	0.13%
STNE	F	0.13%
PAGS	F	0.12%
MTDR	D	0.12%
WAL	C	0.12%
CARS	F	0.12%
RIG	F	0.12%
GPOR	B	0.12%
GAP	F	0.12%
MATV	F	0.12%
BJRI	B	0.12%
CLW	F	0.11%
TK	B	0.11%
MTUS	F	0.11%
NAT	B	0.11%
LC	D	0.11%
PLMR	A	0.11%
ENLC	A	0.11%
DNOW	F	0.11%
INVA	B	0.11%
DAKT	D	0.1%
VTOL	D	0.1%
PTGX	C	0.1%
REX	D	0.1%
RYAM	A	0.1%
NR	F	0.1%
CDE	C	0.1%
FOR	D	0.1%
CMRE	C	0.09%
CFB	D	0.09%
SEB	F	0.09%
AMKR	F	0.09%
UVSP	B	0.09%
NBR	D	0.09%
LMB	B	0.08%
EBS	D	0.08%
SGHC	A	0.08%
UFPI	C	0.08%
ZION	D	0.08%
UTI	F	0.08%
CCRN	F	0.08%
LOVE	C	0.07%
MCB	B	0.07%
ARHS	F	0.07%
GLDD	A	0.07%
CLVT	D	0.07%
NTGR	C	0.07%
BFST	C	0.07%
CHX	C	0.07%
SBLK	C	0.07%
CENX	C	0.07%
SNCY	F	0.07%
LXU	C	0.07%
BBW	A	0.07%
BKD	F	0.07%
DDS	D	0.07%
UAA	B	0.07%
ESQ	C	0.06%
OSUR	F	0.06%
CVEO	B	0.06%
SF	A	0.06%
ALIT	D	0.06%
THRM	F	0.06%
GDEN	D	0.06%
AMBC	F	0.06%
VSAT	F	0.06%
HTBI	D	0.06%
SB	C	0.06%
FG	B	0.05%
USNA	F	0.05%
PVH	D	0.05%
SKWD	A	0.05%
MCFT	F	0.05%
IESC	A	0.05%
SIGA	F	0.05%
CCB	B	0.05%
TGLS	B	0.05%
HRTG	D	0.05%
AOSL	D	0.05%
CLF	D	0.05%
USAP	C	0.05%
WTM	C	0.05%
TWI	F	0.05%
ASH	F	0.05%
GLRE	B	0.04%
XPRO	F	0.04%
CARE	C	0.04%
GCO	D	0.04%
UA	B	0.04%
HNRG	C	0.04%
GPRE	F	0.04%
VPG	F	0.04%
MPB	B	0.04%
LXFR	C	0.04%
HTZ	F	0.04%
CENT	F	0.04%
PANL	D	0.04%
CRCT	C	0.04%
AMCX	F	0.04%
FNKO	A	0.04%
BVS	B	0.04%
NWPX	B	0.04%
APEI	F	0.04%
OSCR	C	0.04%
RBB	C	0.04%
ZIMV	F	0.04%
KE	F	0.04%
GDOT	C	0.04%
NATR	F	0.03%
TH	F	0.03%
BWB	B	0.03%
DXLG	F	0.03%
TBI	F	0.03%
REI	D	0.03%
IPI	D	0.03%
MOFG	D	0.03%
MED	F	0.03%
CHUY	B	0.03%
EZPW	C	0.03%
WRLD	F	0.03%
AMPY	D	0.03%
VIRC	D	0.03%
CCBG	D	0.03%
FLWS	F	0.03%
JAKK	C	0.03%
FIGS	C	0.03%
HDSN	F	0.03%
LE	C	0.03%
CNDT	B	0.02%
MEC	C	0.02%
FSTR	D	0.02%
OIS	D	0.02%
HIFS	D	0.02%
TG	B	0.02%
THG	A	0.02%
CMA	C	0.02%
HMST	B	0.02%
WLFC	A	0.02%
PUBM	F	0.02%
VRA	F	0.02%
FFWM	D	0.02%
SFST	C	0.02%
ACDC	D	0.02%
LEGH	D	0.02%
TTI	D	0.02%
CVGI	F	0.02%
KODK	D	0.02%
RMAX	C	0.02%
SRI	F	0.02%
ORN	F	0.02%
TAYD	D	0.02%
FLXS	B	0.02%
PRA	C	0.02%
MERC	D	0.02%
ACIC	D	0.02%
ANIP	F	0.02%
CMT	F	0.02%
TMP	C	0.02%
ACNB	C	0.02%
SWIM	B	0.02%
PWOD	A	0.01%
KNF	B	0.01%
SONO	F	0.01%
XBIT	C	0.01%
UBFO	B	0.01%
BOOM	D	0.01%
VNDA	F	0.01%
LFVN	C	0.01%
KEQU	F	0.01%
OLPX	C	0.01%
OPBK	B	0.01%
STKS	F	0.01%
KLXE	F	0.01%
TSBK	D	0.01%
ATLC	B	0.01%
LWAY	B	0.01%
BWFG	C	0.01%
PTSI	F	0.01%
GHM	D	0.01%
EVBN	B	0.01%
IBEX	C	0.01%
FUNC	C	0.01%
CBAN	C	0.01%
BCML	B	0.01%
MPAA	D	0.01%
GEOS	D	0.01%
VEL	C	0.01%
METCB	F	0.01%
LSEA	D	0.01%
PKBK	C	0.01%
ACTG	F	0.01%
EBTC	C	0.01%
ESOA	B	0.01%
JRVR	F	0.01%
MFIN	D	0.01%
BELFA	C	0.01%
NGS	D	0.01%
LTH	B	0.01%
FLL	F	0.01%
TTSH	D	0.01%
LNTH	C	0.01%
PCB	D	0.01%
MVBF	F	0.01%
RLGT	D	0.01%
MTW	F	0.01%
TCBX	C	0.01%
MNTK	D	0.01%
UEIC	F	0.01%
PBYI	F	0.01%
MYRG	D	0.01%
WSBF	D	0.01%
HBCP	D	0.01%
BCBP	B	0.01%
IMXI	F	0.01%
NNBR	C	0.01%
CPHC	F	0.0%
MRBK	B	0.0%
NKSH	D	0.0%
MTRX	C	0.0%
SRTS	D	0.0%
WNEB	B	0.0%
MNSB	C	0.0%
KVHI	B	0.0%
FGBI	C	0.0%
CMLS	F	0.0%
MYFW	B	0.0%
CNTY	D	0.0%
ATLO	F	0.0%
VABK	A	0.0%
ECPG	F	0.0%
PVBC	D	0.0%
WOW	D	0.0%
AOUT	C	0.0%
BCAL	F	0.0%
PNRG	A	0.0%
KINS	C	0.0%
SPWH	D	0.0%
MYPS	F	0.0%
OB	D	0.0%
ZUMZ	D	0.0%
AVO	C	0.0%
NWFL	C	0.0%
LPRO	D	0.0%
DLTH	D	0.0%
CZFS	C	0.0%
PYXS	F	0.0%
COFS	C	0.0%
UFI	C	0.0%
TBNK	A	0.0%
QUAD	D	0.0%
CCRD	D	0.0%
FVCB	C	0.0%
CRD.B	C	0.0%
CHMG	C	0.0%
VITL	C	0.0%
PFIS	D	0.0%
PEBK	F	0.0%
CFFI	C	0.0%
EPSN	B	0.0%
SEG	F	0.0%
OVLY	D	0.0%
FNLC	D	0.0%
CBFV	C	0.0%
HWBK	D	0.0%
FONR	F	0.0%
RVSB	C	0.0%
FET	F	0.0%
NEU	F	0.0%
FRAF	D	0.0%
CPSS	C	0.0%
BFIN	C	0.0%

AVUV Underweight 260 Positions Relative to DES

Symbol	Grade	Weight
OGN	F	-1.35%
EPR	C	-0.84%
TFSL	D	-0.83%
ALE	A	-0.76%
NSA	D	-0.74%
BNL	C	-0.71%
CNS	C	-0.71%
CCOI	B	-0.67%
SMG	C	-0.67%
EPRT	C	-0.64%
SBRA	C	-0.63%
VGR	B	-0.61%
KNTK	A	-0.61%
BKH	C	-0.6%
TPG	A	-0.6%
OGS	C	-0.58%
MC	B	-0.58%
NHI	C	-0.58%
KTB	C	-0.56%
SLG	C	-0.56%
SR	D	-0.55%
TNL	B	-0.55%
VCTR	A	-0.55%
NWE	C	-0.53%
AVA	D	-0.49%
AVNT	C	-0.48%
CRS	B	-0.47%
IIPR	C	-0.45%
PNM	B	-0.44%
LEG	D	-0.43%
FHB	D	-0.41%
VIRT	B	-0.4%
SHOO	A	-0.4%
XRX	D	-0.38%
MGEE	C	-0.38%
CUZ	C	-0.37%
VAC	D	-0.37%
OTTR	F	-0.36%
RUSHA	D	-0.35%
SEM	D	-0.35%
SXT	C	-0.33%
UVV	D	-0.32%
BCO	C	-0.32%
AWR	B	-0.32%
TGNA	B	-0.32%
AUB	D	-0.31%
BRC	C	-0.31%
CBU	D	-0.31%
ENR	B	-0.3%
NHC	D	-0.3%
HNI	B	-0.29%
JJSF	C	-0.29%
SPB	C	-0.29%
STEP	A	-0.28%
RRR	D	-0.28%
WWW	B	-0.28%
ABM	D	-0.27%
PBI	C	-0.27%
GFF	C	-0.27%
PTVE	D	-0.26%
KMPR	D	-0.26%
WDFC	B	-0.26%
NWN	D	-0.26%
PRK	D	-0.25%
GEF	B	-0.25%
WHD	A	-0.25%
CPK	C	-0.24%
CSWI	A	-0.24%
AESI	B	-0.24%
WSBC	D	-0.24%
CTRE	C	-0.24%
SKT	A	-0.22%
YOU	C	-0.22%
CWT	D	-0.22%
STRA	F	-0.22%
DLX	F	-0.21%
BDC	A	-0.21%
BLMN	F	-0.21%
IOSP	F	-0.21%
WINA	C	-0.21%
PIPR	A	-0.21%
SJW	D	-0.21%
CCS	C	-0.2%
MLKN	F	-0.2%
IRT	D	-0.2%
CXT	F	-0.2%
UTL	D	-0.2%
MGRC	D	-0.2%
ETD	C	-0.19%
CSGS	B	-0.19%
MAC	B	-0.19%
ACA	C	-0.19%
HL	C	-0.19%
NPO	C	-0.19%
DK	F	-0.17%
AEIS	B	-0.17%
PRIM	A	-0.17%
STC	D	-0.17%
PRGS	A	-0.17%
LXP	D	-0.17%
PZZA	D	-0.17%
SAH	D	-0.16%
HI	F	-0.16%
BGC	B	-0.16%
CRAI	B	-0.16%
PCH	C	-0.16%
AZZ	B	-0.16%
KAI	C	-0.16%
SBCF	D	-0.16%
EPC	F	-0.15%
LMAT	A	-0.15%
JOE	D	-0.15%
SXI	B	-0.15%
MNRO	B	-0.15%
ESE	C	-0.14%
RNST	D	-0.14%
CWH	C	-0.14%
JBT	B	-0.14%
UTZ	D	-0.14%
REVG	D	-0.14%
ALX	D	-0.14%
KWR	F	-0.14%
AIN	F	-0.14%
HCKT	D	-0.13%
NPK	F	-0.13%
PLOW	D	-0.13%
SSTK	F	-0.13%
GRC	B	-0.13%
TPB	C	-0.13%
ICFI	C	-0.13%
PK	D	-0.13%
MLR	B	-0.13%
FCPT	C	-0.12%
EMBC	F	-0.12%
ATEN	B	-0.12%
TR	D	-0.12%
BBSI	B	-0.12%
MSEX	C	-0.12%
PJT	A	-0.12%
LTC	D	-0.12%
CDRE	A	-0.12%
UNF	A	-0.12%
UWMC	D	-0.12%
USPH	F	-0.12%
CSV	D	-0.11%
DNUT	F	-0.11%
HAYN	B	-0.11%
GTY	C	-0.11%
CFFN	D	-0.11%
MTX	C	-0.11%
NSSC	F	-0.11%
DEI	A	-0.11%
SPOK	D	-0.1%
CNMD	F	-0.1%
ALG	F	-0.1%
LMNR	B	-0.1%
NVEC	D	-0.1%
VSEC	D	-0.1%
UE	C	-0.1%
KW	C	-0.1%
AKR	B	-0.1%
EPAC	A	-0.1%
NMRK	C	-0.1%
MTRN	F	-0.1%
HLIO	B	-0.1%
DBRG	D	-0.1%
CMCO	D	-0.09%
BHRB	D	-0.09%
MLAB	B	-0.09%
EXPI	C	-0.09%
SHO	B	-0.09%
MATW	F	-0.09%
VSTS	D	-0.09%
JACK	F	-0.09%
YORW	F	-0.09%
DIN	D	-0.09%
AMSWA	C	-0.09%
DRH	B	-0.08%
ALEX	D	-0.08%
GCMG	A	-0.08%
TRAK	D	-0.08%
EE	B	-0.08%
ROIC	C	-0.08%
JBGS	C	-0.08%
MSB	B	-0.08%
NATH	B	-0.08%
MGPI	F	-0.08%
ARKO	C	-0.08%
EVTC	D	-0.08%
CTS	B	-0.08%
SHYF	D	-0.08%
DEA	D	-0.07%
PEB	D	-0.07%
ARTNA	F	-0.07%
XHR	A	-0.07%
SVC	D	-0.07%
PKE	D	-0.07%
RGP	F	-0.07%
RUSHB	D	-0.07%
UMH	D	-0.07%
HSTM	B	-0.07%
IVT	B	-0.07%
GTN	D	-0.07%
TRS	D	-0.07%
GWRS	D	-0.07%
AAT	C	-0.07%
ESRT	C	-0.07%
WTI	C	-0.06%
NRC	F	-0.06%
OFLX	D	-0.06%
SLP	F	-0.06%
NTST	F	-0.06%
JOUT	F	-0.06%
GNE	F	-0.06%
CLB	D	-0.06%
RLJ	D	-0.06%
KOP	F	-0.06%
CMP	D	-0.06%
SAVE	F	-0.06%
MMI	D	-0.06%
WSR	C	-0.05%
HQI	D	-0.05%
CTO	D	-0.05%
AMRK	C	-0.05%
NEWT	D	-0.05%
PGRE	D	-0.05%
ALCO	D	-0.05%
BFS	C	-0.05%
CSR	D	-0.05%
RGCO	C	-0.05%
HURC	C	-0.04%
DHC	C	-0.04%
RELL	B	-0.04%
GMRE	C	-0.04%
PLYM	D	-0.04%
DGICA	D	-0.04%
ARC	A	-0.04%
CBL	D	-0.04%
BSIG	D	-0.04%
CHCT	F	-0.03%
LAND	D	-0.03%
PKST	D	-0.03%
CLDT	D	-0.03%
CZNC	D	-0.03%
PSTL	D	-0.03%
OLP	C	-0.03%
BRT	D	-0.03%
AHH	F	-0.03%
TIPT	B	-0.03%
TSQ	F	-0.03%
SSBK	D	-0.02%
PINE	D	-0.02%
III	F	-0.02%
VOC	D	-0.02%
FPI	D	-0.02%
RMR	B	-0.02%
NECB	C	-0.02%
SGA	F	-0.02%
MBCN	C	-0.01%
FNWB	F	-0.0%