AVUV vs. QVMS ETF Comparison

Comparison of Avantis U.S. Small Cap Value ETF (AVUV) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

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

$96.99

Average Daily Volume

833,370

Number of Holdings ^*

711

* may have additional holdings in another (foreign) market

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.64

Average Daily Volume

713

Number of Holdings ^*

514

* may have additional holdings in another (foreign) market

Performance

Period	AVUV	QVMS
30 Days	5.12%	5.05%
60 Days	1.43%	4.29%
90 Days	9.37%	12.61%
12 Months	25.84%	26.11%

232 Overlapping Holdings

Symbol	Grade	Weight in AVUV	Weight in QVMS	Overlap
AAP	F	0.22%	0.22%	0.22%
ABCB	B	0.26%	0.35%	0.26%
AEO	F	0.66%	0.34%	0.34%
AGO	C	0.43%	0.38%	0.38%
AL	D	0.78%	0.4%	0.4%
ALGT	F	0.14%	0.05%	0.05%
ALK	C	0.78%	0.45%	0.45%
ALKS	C	0.32%	0.38%	0.32%
AMBC	D	0.06%	0.06%	0.06%
AMCX	F	0.04%	0.02%	0.02%
AMPH	C	0.2%	0.16%	0.16%
AMR	F	0.43%	0.22%	0.22%
AMSF	C	0.01%	0.08%	0.01%
ANDE	D	0.33%	0.13%	0.13%
ANIP	D	0.03%	0.07%	0.03%
AOSL	D	0.05%	0.07%	0.05%
APOG	B	0.25%	0.13%	0.13%
ARCB	D	0.34%	0.2%	0.2%
ARCH	F	0.44%	0.22%	0.22%
AROC	D	0.57%	0.25%	0.25%
ASIX	C	0.11%	0.06%	0.06%
ASO	C	0.22%	0.4%	0.22%
ASTE	D	0.0%	0.06%	0.0%
AX	D	0.52%	0.28%	0.28%
AXL	F	0.13%	0.06%	0.06%
BANF	B	0.0%	0.14%	0.0%
BANR	B	0.25%	0.17%	0.17%
BCC	C	0.83%	0.45%	0.45%
BGS	D	0.11%	0.06%	0.06%
BHE	D	0.23%	0.14%	0.14%
BHLB	B	0.1%	0.1%	0.1%
BJRI	D	0.12%	0.06%	0.06%
BKE	B	0.22%	0.11%	0.11%
BKU	C	0.37%	0.23%	0.23%
BOH	D	0.3%	0.23%	0.23%
BRKL	C	0.1%	0.08%	0.08%
BTU	D	0.5%	0.22%	0.22%
CABO	F	0.08%	0.14%	0.08%
CAKE	D	0.27%	0.15%	0.15%
CAL	F	0.26%	0.11%	0.11%
CALM	A	0.53%	0.26%	0.26%
CARS	D	0.15%	0.09%	0.09%
CASH	B	0.24%	0.14%	0.14%
CATY	C	0.4%	0.27%	0.27%
CBRL	D	0.13%	0.07%	0.07%
CCRN	F	0.08%	0.04%	0.04%
CEIX	D	0.44%	0.23%	0.23%
CENTA	F	0.24%	0.2%	0.2%
CENX	D	0.09%	0.07%	0.07%
CHCO	B	0.04%	0.15%	0.04%
CHUY	C	0.03%	0.06%	0.03%
CLW	F	0.12%	0.04%	0.04%
CNXN	B	0.14%	0.07%	0.07%
CPF	B	0.1%	0.06%	0.06%
CRC	C	0.67%	0.27%	0.27%
CRK	D	0.18%	0.08%	0.08%
CUBI	F	0.24%	0.12%	0.12%
CVBF	D	0.04%	0.2%	0.04%
CVGW	C	0.05%	0.05%	0.05%
CVI	F	0.09%	0.06%	0.06%
DAN	F	0.26%	0.11%	0.11%
DBI	F	0.05%	0.03%	0.03%
DCOM	B	0.12%	0.07%	0.07%
DIOD	F	0.23%	0.25%	0.23%
DNOW	D	0.12%	0.12%	0.12%
DXC	C	0.68%	0.28%	0.28%
EGBN	C	0.08%	0.06%	0.06%
EIG	C	0.15%	0.11%	0.11%
ETH	D	0.12%	0.06%	0.06%
EZPW	D	0.04%	0.05%	0.04%
FBK	B	0.04%	0.14%	0.04%
FBNC	B	0.02%	0.16%	0.02%
FBP	C	0.47%	0.3%	0.3%
FCF	C	0.21%	0.15%	0.15%
FDP	C	0.14%	0.09%	0.09%
FFBC	D	0.02%	0.22%	0.02%
FL	D	0.12%	0.19%	0.12%
FULT	D	0.39%	0.29%	0.29%
GBX	C	0.26%	0.14%	0.14%
GDEN	D	0.07%	0.06%	0.06%
GDOT	C	0.04%	0.04%	0.04%
GES	F	0.12%	0.05%	0.05%
GIII	C	0.26%	0.13%	0.13%
GNW	B	0.29%	0.27%	0.27%
GPRE	F	0.03%	0.07%	0.03%
GRBK	B	0.14%	0.16%	0.14%
GVA	B	0.1%	0.29%	0.1%
HAFC	C	0.08%	0.05%	0.05%
HCC	F	0.58%	0.26%	0.26%
HCI	C	0.09%	0.06%	0.06%
HFWA	C	0.03%	0.07%	0.03%
HLX	F	0.27%	0.12%	0.12%
HMN	D	0.0%	0.12%	0.0%
HOPE	B	0.18%	0.13%	0.13%
HP	F	0.49%	0.3%	0.3%
HRMY	B	0.2%	0.11%	0.11%
HSII	C	0.01%	0.06%	0.01%
HTH	C	0.07%	0.13%	0.07%
HTLD	D	0.08%	0.05%	0.05%
HUBG	C	0.44%	0.25%	0.25%
HVT	D	0.06%	0.03%	0.03%
HWKN	C	0.24%	0.19%	0.19%
IBTX	B	0.02%	0.19%	0.02%
IDCC	C	0.59%	0.29%	0.29%
IIIN	D	0.11%	0.06%	0.06%
INDB	C	0.13%	0.24%	0.13%
INVA	B	0.11%	0.1%	0.1%
JBLU	D	0.32%	0.17%	0.17%
JBSS	D	0.07%	0.08%	0.07%
JXN	A	0.83%	0.52%	0.52%
KALU	F	0.16%	0.1%	0.1%
KELYA	D	0.1%	0.06%	0.06%
KFY	B	0.06%	0.34%	0.06%
KLG	C	0.16%	0.11%	0.11%
KLIC	F	0.09%	0.2%	0.09%
KMT	B	0.35%	0.18%	0.18%
KSS	F	0.48%	0.19%	0.19%
LBRT	D	0.63%	0.28%	0.28%
LCII	C	0.39%	0.27%	0.27%
LKFN	C	0.04%	0.14%	0.04%
LNN	D	0.01%	0.11%	0.01%
LPG	F	0.28%	0.12%	0.12%
LZB	C	0.28%	0.16%	0.16%
MARA	F	0.12%	0.3%	0.12%
MATV	C	0.13%	0.08%	0.08%
MATX	B	0.84%	0.42%	0.42%
MCRI	C	0.18%	0.09%	0.09%
MCY	D	0.04%	0.15%	0.04%
MERC	F	0.02%	0.03%	0.02%
MGY	C	0.7%	0.41%	0.41%
MHO	B	0.79%	0.38%	0.38%
MLI	B	0.84%	0.72%	0.72%
MOV	F	0.05%	0.03%	0.03%
MRTN	D	0.18%	0.09%	0.09%
MTH	A	0.32%	0.65%	0.32%
MTUS	F	0.11%	0.05%	0.05%
MYE	D	0.05%	0.05%	0.05%
MYRG	F	0.01%	0.15%	0.01%
NAVI	C	0.18%	0.11%	0.11%
NBHC	D	0.12%	0.14%	0.12%
NBR	F	0.11%	0.06%	0.06%
NBTB	D	0.1%	0.19%	0.1%
NMIH	B	0.47%	0.29%	0.29%
NOG	D	0.62%	0.3%	0.3%
NUS	F	0.03%	0.03%	0.03%
NWBI	C	0.12%	0.15%	0.12%
NX	F	0.16%	0.09%	0.09%
ODP	F	0.18%	0.08%	0.08%
OFG	C	0.3%	0.18%	0.18%
OII	D	0.35%	0.22%	0.22%
OXM	F	0.23%	0.12%	0.12%
PAHC	B	0.07%	0.04%	0.04%
PARR	F	0.19%	0.1%	0.1%
PATK	B	0.12%	0.26%	0.12%
PDCO	F	0.15%	0.17%	0.15%
PFBC	D	0.05%	0.09%	0.05%
PFS	B	0.15%	0.22%	0.15%
PHIN	B	0.38%	0.2%	0.2%
PINC	C	0.31%	0.21%	0.21%
PLAB	F	0.27%	0.13%	0.13%
PLMR	C	0.1%	0.2%	0.1%
PLUS	A	0.36%	0.21%	0.21%
PLXS	A	0.15%	0.33%	0.15%
POWL	C	0.31%	0.14%	0.14%
PPBI	D	0.14%	0.21%	0.14%
PRA	C	0.02%	0.06%	0.02%
PRDO	D	0.22%	0.13%	0.13%
PRG	A	0.19%	0.19%	0.19%
PSMT	B	0.39%	0.2%	0.2%
PTEN	F	0.46%	0.24%	0.24%
PUMP	D	0.14%	0.06%	0.06%
RDN	C	0.75%	0.47%	0.47%
RES	D	0.1%	0.05%	0.05%
REX	D	0.09%	0.06%	0.06%
RGR	D	0.05%	0.07%	0.05%
SAFT	D	0.03%	0.11%	0.03%
SANM	D	0.39%	0.33%	0.33%
SATS	C	0.44%	0.24%	0.24%
SBSI	B	0.04%	0.08%	0.04%
SCHL	D	0.11%	0.07%	0.07%
SCL	F	0.17%	0.14%	0.14%
SCSC	D	0.19%	0.1%	0.1%
SCVL	B	0.13%	0.06%	0.06%
SFBS	B	0.08%	0.34%	0.08%
SFNC	B	0.03%	0.24%	0.03%
SGH	F	0.14%	0.08%	0.08%
SHEN	F	0.03%	0.07%	0.03%
SIG	C	0.5%	0.31%	0.31%
SKYW	C	0.66%	0.26%	0.26%
SLVM	B	0.42%	0.24%	0.24%
SM	F	0.84%	0.42%	0.42%
SMP	C	0.08%	0.06%	0.06%
SNCY	D	0.08%	0.04%	0.04%
SNEX	B	0.3%	0.2%	0.2%
SONO	D	0.01%	0.12%	0.01%
SPNT	C	0.22%	0.12%	0.12%
SPTN	C	0.13%	0.06%	0.06%
STBA	B	0.18%	0.14%	0.14%
SUPN	C	0.2%	0.15%	0.15%
SXC	F	0.15%	0.06%	0.06%
TALO	D	0.27%	0.15%	0.15%
TBBK	B	0.34%	0.23%	0.23%
TDS	C	0.44%	0.2%	0.2%
THRM	D	0.06%	0.14%	0.06%
TILE	B	0.2%	0.1%	0.1%
TMP	C	0.03%	0.06%	0.03%
TNC	F	0.07%	0.16%	0.07%
TPH	C	0.51%	0.37%	0.37%
TRMK	C	0.22%	0.18%	0.18%
TRN	D	0.3%	0.24%	0.24%
TRST	C	0.08%	0.06%	0.06%
TTMI	D	0.19%	0.16%	0.16%
TWI	D	0.06%	0.04%	0.04%
UCBI	B	0.03%	0.31%	0.03%
UFCS	D	0.0%	0.04%	0.0%
UNFI	C	0.15%	0.07%	0.07%
URBN	F	0.47%	0.17%	0.17%
USNA	F	0.05%	0.04%	0.04%
VBTX	B	0.12%	0.12%	0.12%
VRTS	F	0.07%	0.12%	0.07%
VSAT	F	0.06%	0.12%	0.06%
VSTO	C	0.4%	0.2%	0.2%
VTOL	D	0.1%	0.08%	0.08%
WABC	D	0.17%	0.12%	0.12%
WAFD	C	0.35%	0.22%	0.22%
WD	B	0.34%	0.31%	0.31%
WGO	D	0.21%	0.16%	0.16%
WNC	F	0.15%	0.08%	0.08%
WOR	D	0.19%	0.13%	0.13%
WRLD	D	0.03%	0.03%	0.03%
WSFS	D	0.29%	0.27%	0.27%
ZEUS	F	0.07%	0.04%	0.04%

AVUV Overweight 479 Positions Relative to QVMS

Symbol	Grade	Weight
GATX	D	0.9%
MDU	C	0.87%
CBT	B	0.83%
KBH	A	0.81%
CNX	B	0.76%
R	A	0.74%
HOG	C	0.73%
SLM	D	0.68%
STNG	D	0.67%
SFM	B	0.6%
M	F	0.59%
THO	D	0.59%
HRI	D	0.59%
TEX	F	0.56%
UMBF	B	0.56%
CNO	B	0.54%
HWC	D	0.51%
OZK	D	0.5%
ANF	D	0.49%
GT	F	0.48%
INSW	D	0.48%
MTG	B	0.47%
IBOC	D	0.47%
ONB	C	0.44%
AXS	B	0.44%
AVT	C	0.44%
VSH	F	0.43%
BHF	F	0.42%
WERN	D	0.42%
CRI	D	0.42%
FYBR	C	0.41%
COLB	B	0.39%
COLM	C	0.38%
TMHC	A	0.37%
JWN	C	0.36%
ATKR	F	0.36%
PII	D	0.35%
ESGR	D	0.35%
SNV	C	0.35%
PBF	F	0.34%
KOS	F	0.34%
VLY	C	0.34%
FNB	C	0.33%
ENS	D	0.31%
ESNT	B	0.3%
TNK	F	0.3%
TCBI	B	0.29%
LPX	B	0.28%
PFSI	C	0.27%
WTFC	C	0.27%
HEES	D	0.26%
ASB	D	0.26%
BPOP	C	0.26%
SFL	F	0.25%
DHT	D	0.24%
VC	F	0.24%
NTB	C	0.24%
OPEN	D	0.24%
AGX	B	0.24%
EFSC	C	0.24%
SCS	D	0.23%
AGM	D	0.23%
CMC	D	0.22%
ATSG	D	0.22%
CC	F	0.21%
CRGY	D	0.21%
STRL	B	0.21%
IMKTA	D	0.2%
JELD	D	0.2%
HOV	C	0.19%
WTTR	D	0.19%
BUSE	C	0.18%
GPOR	D	0.18%
WMK	C	0.18%
KRP	C	0.18%
HHH	C	0.17%
SASR	B	0.17%
BXC	D	0.17%
GLNG	C	0.17%
OMF	D	0.16%
MUR	F	0.16%
SNDR	B	0.16%
TOWN	B	0.16%
OEC	F	0.16%
QCRH	B	0.16%
AM	C	0.16%
TPC	C	0.15%
DOLE	A	0.15%
USM	C	0.15%
ASC	D	0.15%
PLYA	D	0.14%
MBUU	D	0.14%
GNK	D	0.14%
HTLF	B	0.14%
ACT	B	0.14%
GAP	F	0.13%
TROX	F	0.13%
TCBK	D	0.13%
EGY	D	0.13%
PAGS	F	0.13%
PEBO	C	0.13%
BELFB	B	0.13%
STNE	F	0.13%
MRC	D	0.13%
RIG	F	0.13%
BANC	B	0.13%
MTDR	F	0.13%
PFC	C	0.12%
MBIN	D	0.12%
FRME	D	0.12%
CIVI	F	0.12%
LC	D	0.12%
CDE	C	0.12%
ENLC	B	0.12%
OCFC	B	0.12%
WAL	B	0.12%
NAT	D	0.11%
OBK	D	0.11%
NR	D	0.11%
BKD	D	0.11%
CNOB	B	0.11%
AMRC	C	0.11%
NNI	B	0.1%
AMAL	B	0.1%
IRDM	D	0.1%
BY	D	0.1%
MBWM	D	0.1%
IBCP	B	0.1%
FMBH	B	0.1%
CTBI	B	0.1%
TK	C	0.1%
SWBI	F	0.1%
UVSP	B	0.1%
OSBC	C	0.1%
FOR	C	0.1%
RYI	D	0.1%
ZION	D	0.09%
RYAM	B	0.09%
LMB	B	0.09%
AMKR	F	0.09%
WTM	D	0.09%
CFB	D	0.09%
DAKT	D	0.09%
UFPI	C	0.08%
CHX	F	0.08%
BBW	C	0.08%
HY	F	0.08%
EBS	F	0.08%
UTI	D	0.08%
SYBT	A	0.08%
SEB	D	0.08%
NBN	C	0.07%
BRY	F	0.07%
RBCAA	B	0.07%
NGVC	C	0.07%
FBMS	B	0.07%
WASH	B	0.07%
SBLK	D	0.07%
GRNT	D	0.07%
SD	F	0.07%
HTBK	C	0.07%
MCB	C	0.07%
LXU	D	0.07%
DDS	F	0.07%
GSBC	D	0.07%
SGHC	C	0.07%
CMRE	D	0.07%
BFST	B	0.07%
UVE	C	0.07%
ATNI	C	0.06%
AROW	D	0.06%
HBNC	B	0.06%
ODC	C	0.06%
ESQ	B	0.06%
GLDD	B	0.06%
MCS	C	0.06%
SIGA	D	0.06%
EBC	B	0.06%
ASH	D	0.06%
OSUR	D	0.06%
HPK	D	0.06%
ANET	B	0.06%
SB	D	0.06%
THFF	B	0.06%
CVEO	B	0.06%
SF	A	0.06%
CCNE	C	0.06%
SMBC	C	0.06%
EBF	B	0.06%
RDUS	D	0.06%
ARHS	D	0.06%
HTBI	B	0.06%
MSBI	D	0.06%
NRIM	B	0.05%
VLGEA	B	0.05%
USAP	C	0.05%
GHC	B	0.05%
METC	F	0.05%
NFBK	C	0.05%
BHB	A	0.05%
FISI	B	0.05%
LOVE	D	0.05%
PTGX	C	0.05%
CAC	C	0.05%
HRTG	C	0.05%
CCB	B	0.05%
ORRF	B	0.05%
OPY	D	0.05%
MCFT	F	0.05%
AAN	C	0.05%
PGC	C	0.05%
AMTB	D	0.05%
ULH	C	0.05%
NTGR	C	0.05%
JAKK	C	0.04%
HTZ	F	0.04%
GLRE	B	0.04%
RCKY	D	0.04%
BVS	C	0.04%
SKWD	C	0.04%
NWPX	C	0.04%
MPB	B	0.04%
CARE	B	0.04%
IESC	D	0.04%
VPG	F	0.04%
MCBS	B	0.04%
SRCE	D	0.04%
PVH	F	0.04%
KE	F	0.04%
FG	D	0.04%
REPX	D	0.04%
XPRO	F	0.04%
CENT	F	0.04%
SMBK	A	0.04%
ACCO	C	0.04%
RBB	B	0.04%
APEI	D	0.04%
IMMR	D	0.04%
FFIC	C	0.04%
SPFI	B	0.04%
ZIMV	F	0.04%
PKOH	D	0.03%
ACNB	C	0.03%
EQBK	B	0.03%
DXLG	F	0.03%
HNRG	F	0.03%
HONE	C	0.03%
CLVT	D	0.03%
NATR	F	0.03%
RM	B	0.03%
USLM	B	0.03%
FMNB	B	0.03%
ORN	F	0.03%
DHIL	C	0.03%
BWB	B	0.03%
KRT	D	0.03%
RNGR	C	0.03%
LE	D	0.03%
MED	F	0.03%
HBB	B	0.03%
FIGS	F	0.03%
TBI	F	0.03%
IPI	D	0.03%
MOFG	B	0.03%
SGC	F	0.03%
LOB	B	0.03%
REI	D	0.03%
CRCT	C	0.03%
CCBG	B	0.03%
AMPY	D	0.03%
VIRC	D	0.03%
FLWS	F	0.03%
ALIT	D	0.03%
FLIC	B	0.03%
HDSN	D	0.03%
LXFR	C	0.03%
FNKO	C	0.03%
FSBC	B	0.03%
TH	D	0.03%
GCO	D	0.03%
PANL	F	0.03%
LYTS	C	0.03%
PAX	F	0.02%
EPM	C	0.02%
BCBP	C	0.02%
WTBA	D	0.02%
BFC	B	0.02%
TGLS	B	0.02%
VRA	F	0.02%
CMA	B	0.02%
FSTR	D	0.02%
TAYD	B	0.02%
UA	D	0.02%
FRBA	B	0.02%
TTI	F	0.02%
CVGI	F	0.02%
SFST	C	0.02%
OIS	D	0.02%
HBT	C	0.02%
HIFS	B	0.02%
RMAX	C	0.02%
FLXS	A	0.02%
ACDC	F	0.02%
PUBM	F	0.02%
INBK	D	0.02%
HMST	C	0.02%
SRI	F	0.02%
UAA	C	0.02%
SWIM	C	0.02%
KODK	D	0.02%
ALRS	C	0.02%
FFWM	D	0.02%
BMRC	C	0.02%
LEGH	B	0.02%
ACIC	D	0.02%
CASS	C	0.02%
CMT	C	0.02%
MEI	D	0.02%
FSBW	B	0.02%
HOFT	C	0.02%
FBIZ	B	0.02%
FIBK	B	0.02%
BSRR	B	0.02%
SHBI	B	0.02%
FRAF	C	0.01%
BSVN	C	0.01%
UBFO	B	0.01%
MPX	D	0.01%
EVC	D	0.01%
XBIT	C	0.01%
LWAY	C	0.01%
OLPX	C	0.01%
BSET	C	0.01%
CNDT	C	0.01%
KEQU	D	0.01%
GIC	D	0.01%
STKS	F	0.01%
VNDA	F	0.01%
TRDA	D	0.01%
PLPC	D	0.01%
OPBK	B	0.01%
ATLC	D	0.01%
TSBK	B	0.01%
CBAN	B	0.01%
CBNK	B	0.01%
MNTK	D	0.01%
FCBC	A	0.01%
NC	F	0.01%
KLXE	D	0.01%
FRST	C	0.01%
IBEX	B	0.01%
BELFA	A	0.01%
CRD.B	C	0.01%
PTSI	D	0.01%
BWFG	B	0.01%
MPAA	D	0.01%
GABC	C	0.01%
BCML	B	0.01%
EVBN	B	0.01%
ALTG	F	0.01%
FUNC	B	0.01%
GEOS	D	0.01%
ACTG	F	0.01%
PKBK	B	0.01%
LCUT	F	0.01%
METCB	F	0.01%
FF	C	0.01%
RICK	D	0.01%
JRVR	F	0.01%
EBTC	B	0.01%
MFIN	D	0.01%
ESOA	C	0.01%
OBT	C	0.01%
TCBX	B	0.01%
ITIC	B	0.01%
GNTY	B	0.01%
TTSH	D	0.01%
MEC	A	0.01%
CIVB	C	0.01%
IMXI	D	0.01%
LTH	B	0.01%
FLL	F	0.01%
KRO	D	0.01%
CLAR	F	0.01%
LNTH	D	0.01%
MWA	B	0.01%
PCB	C	0.01%
PBYI	F	0.01%
MTW	F	0.01%
UEIC	F	0.01%
ACU	C	0.01%
LSEA	C	0.01%
MVBF	D	0.01%
KRNY	C	0.01%
KFRC	D	0.01%
WLFC	B	0.01%
NGS	D	0.01%
RLGT	C	0.01%
UNTY	B	0.01%
WSBF	B	0.01%
NNBR	D	0.01%
TG	A	0.01%
HBCP	B	0.01%
MRBK	C	0.0%
CPHC	F	0.0%
NKSH	D	0.0%
SRTS	D	0.0%
MNSB	C	0.0%
WNEB	B	0.0%
KVHI	D	0.0%
PLBC	B	0.0%
FGBI	C	0.0%
ESCA	D	0.0%
MYFW	C	0.0%
CNTY	F	0.0%
UTMD	F	0.0%
KINS	C	0.0%
CMLS	F	0.0%
ATLO	D	0.0%
VABK	B	0.0%
FDBC	C	0.0%
ECPG	D	0.0%
BHRB	C	0.0%
PVBC	D	0.0%
LAKE	D	0.0%
AOUT	D	0.0%
WOW	D	0.0%
SPWH	D	0.0%
PNRG	A	0.0%
PHX	C	0.0%
BCAL	D	0.0%
WEYS	B	0.0%
OB	D	0.0%
MYPS	F	0.0%
FET	F	0.0%
CSPI	D	0.0%
NWFL	C	0.0%
REVG	D	0.0%
LPRO	D	0.0%
DLTH	D	0.0%
COFS	B	0.0%
CZFS	C	0.0%
ZUMZ	D	0.0%
PYXS	D	0.0%
PEBK	D	0.0%
NIC	C	0.0%
UFI	C	0.0%
TBNK	C	0.0%
RRBI	C	0.0%
QUAD	F	0.0%
FVCB	C	0.0%
VHI	C	0.0%
CRD.B	C	0.0%
CHMG	C	0.0%
VITL	D	0.0%
CCRD	C	0.0%
EPSN	D	0.0%
CFFI	C	0.0%
CATO	F	0.0%
OVLY	D	0.0%
FONR	D	0.0%
EML	C	0.0%
VEL	B	0.0%
CBFV	B	0.0%
LFVN	C	0.0%
HWBK	C	0.0%
FNLC	C	0.0%
BOOM	D	0.0%
RVSB	D	0.0%
SEG	C	0.0%
TWIN	D	0.0%
CPSS	C	0.0%
KNF	B	0.0%
GHM	D	0.0%
NEU	D	0.0%
ISTR	B	0.0%
PFIS	B	0.0%
BFIN	C	0.0%
PWOD	B	0.0%

AVUV Underweight 282 Positions Relative to QVMS

Symbol	Grade	Weight
ENSG	B	-0.76%
ATI	D	-0.74%
FN	D	-0.71%
CRS	B	-0.63%
SPSC	D	-0.62%
GKOS	C	-0.55%
BMI	A	-0.54%
LUMN	C	-0.52%
COOP	C	-0.51%
NSIT	D	-0.49%
AWI	B	-0.49%
MOG.A	B	-0.49%
MMSI	B	-0.49%
FSS	D	-0.49%
BCPC	C	-0.48%
DY	B	-0.48%
ACIW	C	-0.47%
OGN	D	-0.47%
LNC	D	-0.46%
EPRT	B	-0.44%
AVAV	C	-0.43%
IBP	D	-0.42%
GPI	B	-0.41%
VRRM	D	-0.41%
PECO	B	-0.41%
ABG	D	-0.4%
MC	B	-0.4%
ITRI	C	-0.4%
ACA	B	-0.39%
FUL	C	-0.39%
ITGR	A	-0.38%
BOOT	A	-0.37%
SLG	C	-0.37%
PIPR	B	-0.36%
CTRE	C	-0.36%
RDNT	B	-0.35%
HASI	C	-0.35%
KTB	B	-0.34%
BGC	B	-0.34%
FTDR	B	-0.34%
SHAK	C	-0.34%
FELE	C	-0.34%
SEM	D	-0.33%
AEIS	D	-0.32%
MAC	B	-0.32%
IAC	C	-0.32%
IIPR	B	-0.32%
WDFC	C	-0.31%
PBH	B	-0.31%
HIW	B	-0.31%
MGEE	B	-0.3%
SKT	B	-0.3%
CWEN	C	-0.3%
BRC	C	-0.3%
GMS	D	-0.3%
ENV	C	-0.3%
AUB	D	-0.3%
SMPL	D	-0.29%
MPW	C	-0.29%
CCOI	C	-0.29%
CWT	C	-0.29%
EAT	A	-0.29%
BXMT	C	-0.29%
OTTR	F	-0.29%
FORM	F	-0.29%
CBU	C	-0.28%
LRN	B	-0.28%
AVA	C	-0.28%
CVCO	A	-0.28%
SHOO	B	-0.28%
AWR	B	-0.28%
DORM	B	-0.28%
SXT	C	-0.28%
ICUI	B	-0.28%
NPO	D	-0.28%
APLE	D	-0.27%
CORT	C	-0.27%
ESE	B	-0.27%
RUSHA	C	-0.27%
ABM	D	-0.26%
RXO	D	-0.26%
CNK	C	-0.26%
FHB	D	-0.26%
NWL	C	-0.26%
APAM	C	-0.26%
IOSP	D	-0.25%
ACLS	F	-0.25%
CCS	B	-0.25%
ATGE	D	-0.25%
CPK	B	-0.25%
DEI	B	-0.25%
LXP	B	-0.25%
UNF	C	-0.25%
ALRM	F	-0.25%
REZI	D	-0.25%
PRFT	B	-0.24%
AIN	D	-0.24%
FCPT	C	-0.24%
JBT	D	-0.24%
CRVL	B	-0.24%
PJT	B	-0.24%
PRGS	C	-0.23%
ABR	B	-0.23%
BL	D	-0.23%
CWK	B	-0.23%
JJSF	C	-0.22%
HNI	C	-0.22%
DV	F	-0.22%
GFF	D	-0.22%
UE	B	-0.22%
CPRX	B	-0.21%
AZZ	D	-0.21%
AKR	B	-0.21%
PRK	C	-0.21%
CNMD	D	-0.21%
SITM	B	-0.21%
MTX	F	-0.21%
EPAC	B	-0.2%
HBI	B	-0.2%
GSHD	C	-0.2%
MTRN	F	-0.2%
EVTC	D	-0.2%
OMCL	C	-0.2%
CNS	B	-0.2%
ENVA	C	-0.2%
YELP	F	-0.2%
MYGN	C	-0.2%
SBCF	C	-0.2%
OSIS	D	-0.2%
AIR	C	-0.2%
KWR	D	-0.2%
VCEL	D	-0.2%
JOE	C	-0.19%
VSCO	C	-0.19%
THS	C	-0.19%
UFPT	B	-0.19%
AGYS	D	-0.19%
CARG	B	-0.19%
ROCK	D	-0.19%
ASTH	B	-0.19%
LGIH	C	-0.19%
IPAR	F	-0.19%
VSTS	D	-0.18%
SXI	C	-0.18%
OI	D	-0.18%
HI	F	-0.18%
STC	B	-0.18%
ADUS	B	-0.18%
NEO	C	-0.18%
CXW	F	-0.18%
STRA	F	-0.18%
SHO	C	-0.18%
MLKN	D	-0.18%
RNST	D	-0.17%
VIAV	D	-0.17%
FTRE	D	-0.17%
PRVA	F	-0.17%
ALG	D	-0.17%
HAYW	C	-0.17%
MRCY	D	-0.17%
ENR	D	-0.17%
ROIC	C	-0.17%
LMAT	C	-0.16%
KAR	D	-0.16%
GEO	F	-0.16%
B	D	-0.16%
DRH	C	-0.16%
SJW	C	-0.16%
LGND	C	-0.16%
EPC	F	-0.16%
ROG	F	-0.15%
TRUP	C	-0.15%
RAMP	F	-0.15%
HLIT	C	-0.15%
NHC	D	-0.15%
DFIN	B	-0.15%
AMN	F	-0.15%
STAA	F	-0.14%
PEB	D	-0.14%
VECO	F	-0.14%
LTC	C	-0.14%
BLMN	F	-0.14%
GTY	B	-0.14%
TRIP	F	-0.13%
ALEX	B	-0.13%
UCTT	F	-0.13%
CTS	D	-0.13%
KN	D	-0.13%
NWN	C	-0.13%
JBGS	C	-0.13%
NTCT	C	-0.13%
MODG	F	-0.12%
MGPI	D	-0.12%
USPH	F	-0.12%
ARI	F	-0.12%
CSGS	C	-0.12%
SBH	B	-0.12%
XHR	B	-0.12%
XNCR	C	-0.12%
AMWD	D	-0.12%
CHEF	D	-0.12%
DVAX	D	-0.12%
PMT	C	-0.11%
COLL	C	-0.11%
RC	F	-0.11%
DEA	B	-0.11%
UVV	D	-0.11%
CERT	F	-0.11%
AAT	B	-0.11%
AVNS	B	-0.1%
WWW	B	-0.1%
CXM	F	-0.1%
ARLO	F	-0.1%
CSR	B	-0.1%
XRX	D	-0.1%
COHU	F	-0.1%
OMI	D	-0.1%
NVEE	F	-0.1%
ATEN	C	-0.09%
UTL	C	-0.09%
DGII	D	-0.09%
FIZZ	D	-0.09%
NXRT	C	-0.09%
QNST	B	-0.09%
PLAY	F	-0.09%
WS	D	-0.09%
MXL	F	-0.09%
EFC	B	-0.09%
EYE	F	-0.08%
XPEL	D	-0.08%
RCUS	C	-0.08%
BDN	B	-0.08%
MD	C	-0.08%
MMI	C	-0.08%
EXPI	C	-0.08%
RWT	B	-0.08%
MATW	F	-0.07%
PRLB	F	-0.07%
HAIN	D	-0.07%
AHCO	C	-0.07%
HAYN	D	-0.07%
SAH	D	-0.07%
CLB	D	-0.07%
SVC	D	-0.07%
NABL	D	-0.07%
HCSG	C	-0.07%
KOP	F	-0.07%
FWRD	C	-0.07%
VICR	D	-0.07%
AHH	C	-0.07%
SSTK	F	-0.07%
BLFS	C	-0.07%
ICHR	F	-0.07%
NVRI	D	-0.07%
DLX	F	-0.07%
PRAA	D	-0.07%
HPP	D	-0.06%
PCRX	F	-0.06%
DXPE	D	-0.06%
HSTM	D	-0.06%
VVI	D	-0.06%
CFFN	D	-0.06%
MNRO	D	-0.06%
INN	B	-0.06%
KREF	B	-0.06%
BFS	B	-0.05%
SLP	F	-0.05%
HZO	C	-0.05%
CEVA	C	-0.05%
UHT	B	-0.05%
MCW	F	-0.05%
RGNX	F	-0.05%
THRY	D	-0.05%
TR	C	-0.05%
WSR	D	-0.05%
MLAB	C	-0.05%
FLGT	D	-0.04%
VREX	F	-0.04%
LQDT	B	-0.04%
CHCT	F	-0.03%
NPK	D	-0.03%
CRSR	F	-0.02%