BBMC vs. FSMD ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) to Fidelity Small-Mid Factor ETF (FSMD)

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$100.10

Average Daily Volume

37,113

Number of Holdings ^*

572

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$42.93

Average Daily Volume

84,920

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	BBMC	FSMD
30 Days	3.22%	1.75%
60 Days	6.60%	4.55%
90 Days	9.47%	7.47%
12 Months	29.96%	31.39%

279 Overlapping Holdings

	Symbol	Grade	Weight in BBMC	Weight in FSMD	Overlap
	AAON	B	0.23%	0.25%	0.23%
	ABG	B	0.13%	0.16%	0.13%
	ACA	A	0.12%	0.15%	0.12%
	ACM	B	0.37%	0.31%	0.31%
	ACT	D	0.02%	0.1%	0.02%
	ADC	A	0.18%	0.2%	0.18%
	ADTN	A	0.06%	0.11%	0.06%
	AGCO	F	0.14%	0.15%	0.14%
	AIT	B	0.26%	0.25%	0.25%
	AIZ	A	0.27%	0.26%	0.26%
	ALE	A	0.09%	0.16%	0.09%
	ALKS	C	0.12%	0.16%	0.12%
	ALLY	C	0.24%	0.22%	0.22%
	ALSN	B	0.25%	0.25%	0.25%
	ALTR	B	0.15%	0.18%	0.15%
	ALV	C	0.17%	0.19%	0.17%
	AMG	C	0.15%	0.17%	0.15%
	AMH	C	0.29%	0.26%	0.26%
	AMKR	F	0.08%	0.11%	0.08%
	AN	D	0.11%	0.13%	0.11%
	ANF	F	0.17%	0.19%	0.17%
	AOS	F	0.22%	0.19%	0.19%
	ARW	F	0.15%	0.16%	0.15%
	ASGN	F	0.11%	0.15%	0.11%
	ASH	F	0.09%	0.12%	0.09%
	ASO	F	0.09%	0.13%	0.09%
	ATR	B	0.28%	0.27%	0.27%
	AVA	C	0.07%	0.13%	0.07%
	AVT	C	0.12%	0.15%	0.12%
	AWI	B	0.17%	0.18%	0.17%
	AXS	A	0.16%	0.19%	0.16%
	AXTA	B	0.2%	0.21%	0.2%
	AYI	B	0.25%	0.24%	0.24%
	BCPC	B	0.14%	0.16%	0.14%
	BERY	D	0.19%	0.19%	0.19%
	BFAM	F	0.16%	0.17%	0.16%
	BJ	B	0.27%	0.25%	0.25%
	BKH	A	0.1%	0.16%	0.1%
	BLD	F	0.28%	0.24%	0.24%
	BMI	C	0.16%	0.19%	0.16%
	BPMC	C	0.15%	0.17%	0.15%
	BPOP	C	0.17%	0.18%	0.17%
	BRBR	A	0.23%	0.24%	0.23%
	BRKR	F	0.13%	0.15%	0.13%
	BRX	A	0.21%	0.22%	0.21%
	BTU	B	0.08%	0.15%	0.08%
	BWA	D	0.2%	0.2%	0.2%
	BWXT	A	0.29%	0.26%	0.26%
	BYD	B	0.12%	0.17%	0.12%
	CACI	C	0.31%	0.27%	0.27%
	CASY	A	0.38%	0.32%	0.32%
	CBSH	A	0.23%	0.22%	0.22%
	CBT	C	0.15%	0.18%	0.15%
	CHDN	C	0.24%	0.22%	0.22%
	CHE	F	0.21%	0.21%	0.21%
	CHH	A	0.1%	0.14%	0.1%
	CHRD	F	0.19%	0.2%	0.19%
	CHRW	B	0.31%	0.26%	0.26%
	CIEN	B	0.25%	0.26%	0.25%
	CIVI	D	0.09%	0.14%	0.09%
	CLH	C	0.33%	0.27%	0.27%
	CMA	B	0.23%	0.24%	0.23%
	CMC	B	0.17%	0.19%	0.17%
	CNM	C	0.19%	0.16%	0.16%
	CNXC	F	0.04%	0.07%	0.04%
	COKE	C	0.16%	0.16%	0.16%
	COLM	B	0.07%	0.12%	0.07%
	COOP	B	0.15%	0.19%	0.15%
	CR	A	0.21%	0.21%	0.21%
	CROX	F	0.15%	0.16%	0.15%
	CRUS	F	0.14%	0.15%	0.14%
	CRVL	A	0.08%	0.15%	0.08%
	CUBE	C	0.26%	0.24%	0.24%
	CUZ	B	0.11%	0.16%	0.11%
	CW	B	0.36%	0.31%	0.31%
	DBX	C	0.16%	0.19%	0.16%
	DCI	B	0.23%	0.21%	0.21%
	DDS	B	0.04%	0.1%	0.04%
	DINO	D	0.17%	0.18%	0.17%
	DKS	D	0.28%	0.25%	0.25%
	DLB	F	0.11%	0.14%	0.11%
	DOCS	C	0.18%	0.28%	0.18%
	DTM	A	0.24%	0.28%	0.24%
	DUOL	A	0.28%	0.33%	0.28%
	DVA	C	0.19%	0.22%	0.19%
	DXC	D	0.1%	0.15%	0.1%
	EEFT	C	0.11%	0.15%	0.11%
	EHC	B	0.25%	0.25%	0.25%
	ELAN	D	0.17%	0.2%	0.17%
	EME	A	0.6%	0.46%	0.46%
	ENS	D	0.1%	0.12%	0.1%
	ENSG	D	0.21%	0.22%	0.21%
	EPRT	A	0.14%	0.17%	0.14%
	ERIE	F	0.26%	0.23%	0.23%
	ESAB	B	0.18%	0.2%	0.18%
	ESGR	B	0.09%	0.14%	0.09%
	ESI	B	0.16%	0.17%	0.16%
	ESNT	D	0.15%	0.17%	0.15%
	ESTC	C	0.19%	0.18%	0.18%
	EVR	B	0.27%	0.27%	0.27%
	EXEL	B	0.26%	0.28%	0.26%
	EXLS	B	0.19%	0.21%	0.19%
	EXP	B	0.26%	0.25%	0.25%
	EXPO	D	0.13%	0.14%	0.13%
	FCN	F	0.18%	0.17%	0.17%
	FELE	B	0.11%	0.13%	0.11%
	FHI	B	0.09%	0.15%	0.09%
	FHN	A	0.26%	0.26%	0.26%
	FIX	A	0.41%	0.34%	0.34%
	FIZZ	B	0.03%	0.09%	0.03%
	FLO	D	0.11%	0.13%	0.11%
	FLS	A	0.19%	0.2%	0.19%
	FN	B	0.23%	0.23%	0.23%
	FR	D	0.16%	0.18%	0.16%
	FRT	B	0.23%	0.21%	0.21%
	FSS	B	0.14%	0.14%	0.14%
	FUL	F	0.1%	0.13%	0.1%
	G	B	0.18%	0.2%	0.18%
	GGG	B	0.37%	0.3%	0.3%
	GL	C	0.25%	0.23%	0.23%
	GMED	A	0.23%	0.24%	0.23%
	GNTX	F	0.17%	0.18%	0.17%
	GOLF	B	0.05%	0.11%	0.05%
	GPI	B	0.13%	0.17%	0.13%
	GPK	D	0.22%	0.21%	0.21%
	GTES	A	0.1%	0.13%	0.1%
	GWRE	A	0.4%	0.35%	0.35%
	HAE	C	0.12%	0.16%	0.12%
	HALO	F	0.19%	0.21%	0.19%
	HLI	B	0.24%	0.25%	0.24%
	HOG	F	0.11%	0.13%	0.11%
	HRB	D	0.21%	0.21%	0.21%
	HSIC	C	0.21%	0.21%	0.21%
	IBKR	A	0.47%	0.42%	0.42%
	IBP	F	0.12%	0.14%	0.12%
	INFA	D	0.08%	0.09%	0.08%
	INGR	B	0.24%	0.24%	0.24%
	ITT	A	0.31%	0.26%	0.26%
	JLL	D	0.31%	0.27%	0.27%
	JXN	C	0.19%	0.22%	0.19%
	KBH	D	0.13%	0.16%	0.13%
	KD	A	0.16%	0.19%	0.16%
	KNSL	B	0.26%	0.24%	0.24%
	KRC	C	0.11%	0.15%	0.11%
	LAMR	D	0.28%	0.26%	0.26%
	LANC	D	0.1%	0.13%	0.1%
	LECO	C	0.3%	0.26%	0.26%
	LNTH	F	0.14%	0.16%	0.14%
	LOPE	B	0.12%	0.16%	0.12%
	LSTR	D	0.17%	0.17%	0.17%
	MANH	D	0.43%	0.36%	0.36%
	MASI	B	0.18%	0.23%	0.18%
	MDU	D	0.08%	0.1%	0.08%
	MEDP	D	0.22%	0.21%	0.21%
	MGY	A	0.12%	0.18%	0.12%
	MHK	D	0.19%	0.19%	0.19%
	MLI	B	0.25%	0.25%	0.25%
	MMS	D	0.14%	0.15%	0.14%
	MMSI	A	0.15%	0.2%	0.15%
	MORN	B	0.23%	0.23%	0.23%
	MSA	D	0.16%	0.16%	0.16%
	MSM	D	0.1%	0.13%	0.1%
	MTCH	F	0.2%	0.2%	0.2%
	MTG	D	0.16%	0.18%	0.16%
	MTH	D	0.16%	0.17%	0.16%
	MTN	C	0.17%	0.18%	0.17%
	MTSI	B	0.19%	0.21%	0.19%
	MUSA	A	0.26%	0.23%	0.23%
	NDSN	D	0.32%	0.28%	0.28%
	NEU	D	0.1%	0.13%	0.1%
	NFG	A	0.14%	0.18%	0.14%
	NNN	C	0.19%	0.19%	0.19%
	NOVT	D	0.15%	0.17%	0.15%
	NSA	C	0.07%	0.12%	0.07%
	NSIT	F	0.11%	0.13%	0.11%
	NTNX	B	0.43%	0.38%	0.38%
	NTRA	A	0.41%	0.35%	0.35%
	NVT	C	0.31%	0.26%	0.26%
	NWE	C	0.08%	0.15%	0.08%
	NXST	C	0.13%	0.17%	0.13%
	NYT	D	0.21%	0.24%	0.21%
	OGE	A	0.21%	0.24%	0.21%
	OGN	F	0.1%	0.12%	0.1%
	OHI	C	0.25%	0.24%	0.24%
	OLED	F	0.2%	0.18%	0.18%
	OLLI	D	0.14%	0.16%	0.14%
	OMF	A	0.15%	0.18%	0.15%
	ONTO	F	0.21%	0.21%	0.21%
	ORI	A	0.23%	0.23%	0.23%
	OSK	C	0.18%	0.18%	0.18%
	OTTR	C	0.08%	0.13%	0.08%
	OWL	A	0.28%	0.26%	0.26%
	OZK	B	0.13%	0.16%	0.13%
	PAG	B	0.08%	0.12%	0.08%
	PBF	D	0.08%	0.12%	0.08%
	PBH	A	0.1%	0.16%	0.1%
	PCVX	D	0.27%	0.26%	0.26%
	PEGA	B	0.09%	0.16%	0.09%
	PINC	B	0.06%	0.12%	0.06%
	PLNT	A	0.2%	0.23%	0.2%
	PLTK	B	0.01%	0.11%	0.01%
	POST	D	0.15%	0.16%	0.15%
	PPC	B	0.05%	0.12%	0.05%
	PRI	A	0.26%	0.26%	0.26%
	PSN	C	0.13%	0.15%	0.13%
	PSTG	F	0.38%	0.3%	0.3%
	QLYS	C	0.14%	0.17%	0.14%
	R	B	0.18%	0.19%	0.18%
	RBC	A	0.22%	0.21%	0.21%
	RDN	D	0.13%	0.15%	0.13%
	REXR	F	0.21%	0.2%	0.2%
	REYN	D	0.04%	0.09%	0.04%
	RGEN	F	0.19%	0.19%	0.19%
	RGLD	C	0.23%	0.22%	0.22%
	RHI	C	0.2%	0.2%	0.2%
	RL	C	0.21%	0.22%	0.21%
	RLI	A	0.18%	0.2%	0.18%
	RNR	C	0.33%	0.3%	0.3%
	RPM	B	0.43%	0.35%	0.35%
	RUSHA	B	0.1%	0.13%	0.1%
	SAIC	F	0.19%	0.2%	0.19%
	SANM	B	0.11%	0.15%	0.11%
	SCI	A	0.31%	0.28%	0.28%
	SEIC	B	0.22%	0.22%	0.22%
	SEM	B	0.1%	0.15%	0.1%
	SF	B	0.29%	0.29%	0.29%
	SFM	A	0.36%	0.33%	0.33%
	SIGI	B	0.15%	0.18%	0.15%
	SKX	F	0.2%	0.2%	0.2%
	SLGN	A	0.11%	0.14%	0.11%
	SLM	B	0.13%	0.17%	0.13%
	SNV	B	0.21%	0.23%	0.21%
	SNX	D	0.14%	0.22%	0.14%
	SOLV	F	0.24%	0.25%	0.24%
	SON	F	0.12%	0.14%	0.12%
	SPSC	F	0.17%	0.17%	0.17%
	SR	A	0.09%	0.15%	0.09%
	SRPT	F	0.26%	0.23%	0.23%
	SSD	D	0.19%	0.18%	0.18%
	STAG	D	0.16%	0.17%	0.16%
	SUM	B	0.14%	0.18%	0.14%
	SXT	C	0.08%	0.13%	0.08%
	TENB	D	0.12%	0.15%	0.12%
	THC	C	0.39%	0.34%	0.34%
	THG	A	0.14%	0.18%	0.14%
	TKR	F	0.12%	0.13%	0.12%
	TMHC	B	0.17%	0.2%	0.17%
	TNL	B	0.09%	0.15%	0.09%
	TOL	B	0.38%	0.33%	0.33%
	TPR	A	0.29%	0.28%	0.28%
	TPX	B	0.23%	0.23%	0.23%
	TREX	D	0.19%	0.18%	0.18%
	TTC	F	0.21%	0.19%	0.19%
	TTEK	F	0.31%	0.27%	0.27%
	TW	A	0.37%	0.32%	0.32%
	TXRH	B	0.32%	0.29%	0.29%
	UFPI	C	0.2%	0.19%	0.19%
	UGI	C	0.12%	0.16%	0.12%
	UMBF	B	0.14%	0.18%	0.14%
	UNM	A	0.31%	0.29%	0.29%
	UTHR	C	0.38%	0.38%	0.38%
	VMI	B	0.17%	0.18%	0.17%
	VNT	C	0.15%	0.18%	0.15%
	VOYA	B	0.21%	0.22%	0.21%
	VVV	D	0.13%	0.16%	0.13%
	WAL	B	0.25%	0.25%	0.25%
	WBS	A	0.25%	0.26%	0.25%
	WEN	C	0.07%	0.13%	0.07%
	WFRD	F	0.16%	0.18%	0.16%
	WH	B	0.19%	0.22%	0.19%
	WING	D	0.24%	0.22%	0.22%
	WMG	C	0.11%	0.18%	0.11%
	WMS	F	0.23%	0.19%	0.19%
	WTFC	B	0.21%	0.22%	0.21%
	WTS	B	0.14%	0.15%	0.14%
	WU	F	0.09%	0.12%	0.09%
	WWD	B	0.24%	0.24%	0.24%
	ZION	B	0.22%	0.23%	0.22%
	ZWS	B	0.14%	0.16%	0.14%

BBMC Overweight 293 Positions Relative to FSMD

	Symbol	Grade	Weight
	MSTR	A	1.53%
	APP	A	1.47%
	CVNA	A	0.7%
	CSL	C	0.52%
	DKNG	B	0.49%
	RS	B	0.44%
	XPO	B	0.43%
	HOOD	A	0.42%
	TOST	A	0.4%
	WSM	D	0.39%
	USFD	A	0.38%
	COHR	B	0.38%
	SAIA	C	0.36%
	JBL	C	0.36%
	SOFI	A	0.35%
	PFGC	B	0.33%
	GLPI	C	0.32%
	AFRM	A	0.32%
	JEF	A	0.3%
	NCLH	B	0.29%
	RRX	B	0.28%
	GNRC	B	0.28%
	FND	F	0.27%
	OVV	C	0.27%
	GME	C	0.26%
	LBRDK	C	0.26%
	CTLT	D	0.26%
	AA	A	0.25%
	LAD	B	0.25%
	IOT	A	0.25%
	MKTX	D	0.25%
	PNW	B	0.25%
	FBIN	D	0.24%
	KBR	F	0.24%
	PNFP	B	0.24%
	WTRG	B	0.24%
	ARMK	C	0.24%
	ROKU	D	0.23%
	LNW	F	0.23%
	PCTY	B	0.23%
	PR	B	0.23%
	PEN	B	0.22%
	X	C	0.22%
	WCC	B	0.22%
	AR	B	0.22%
	EGP	D	0.21%
	AAL	B	0.21%
	CFR	B	0.21%
	KNX	B	0.21%
	MTZ	B	0.21%
	HQY	A	0.21%
	ITCI	B	0.21%
	BILL	A	0.21%
	JAZZ	C	0.2%
	CZR	F	0.2%
	RRC	B	0.2%
	TKO	A	0.2%
	SSB	B	0.2%
	FLR	B	0.2%
	RVMD	B	0.2%
	HAS	D	0.2%
	BIO	C	0.19%
	KEX	B	0.19%
	WEX	F	0.19%
	RIVN	F	0.19%
	SMAR	A	0.19%
	PB	A	0.19%
	GXO	B	0.18%
	ONB	B	0.18%
	WSC	F	0.18%
	AGNC	C	0.18%
	LPX	A	0.18%
	LSCC	D	0.18%
	GTLS	A	0.18%
	ATI	D	0.18%
	MIDD	D	0.18%
	S	B	0.18%
	MTDR	C	0.17%
	DAR	B	0.17%
	AZEK	B	0.17%
	CGNX	D	0.17%
	APG	C	0.17%
	H	B	0.17%
	GTLB	B	0.17%
	ELF	C	0.17%
	FMC	D	0.17%
	CADE	B	0.17%
	FRPT	A	0.17%
	BBWI	C	0.17%
	RYAN	B	0.17%
	ETSY	D	0.16%
	CFLT	B	0.16%
	LYFT	C	0.16%
	PARA	D	0.16%
	UHAL	D	0.16%
	MAT	D	0.16%
	GBCI	B	0.16%
	NOV	D	0.16%
	COLB	B	0.16%
	BECN	B	0.16%
	CYTK	D	0.16%
	MKSI	C	0.16%
	SITE	D	0.16%
	FAF	C	0.16%
	ALK	A	0.16%
	CWST	A	0.16%
	RHP	B	0.16%
	VFC	C	0.16%
	PATH	C	0.15%
	COLD	F	0.15%
	RMBS	C	0.15%
	FNB	B	0.15%
	HRI	C	0.15%
	KRG	A	0.15%
	CHX	C	0.15%
	IDA	A	0.15%
	WHR	B	0.15%
	FFIN	B	0.15%
	HOMB	A	0.15%
	STWD	C	0.15%
	LNC	B	0.15%
	PCOR	C	0.15%
	FYBR	C	0.15%
	LFUS	D	0.15%
	VKTX	F	0.15%
	LEA	F	0.14%
	IONS	F	0.14%
	INSP	F	0.14%
	UBSI	B	0.14%
	THO	C	0.14%
	TRNO	D	0.14%
	JHG	B	0.14%
	LITE	B	0.14%
	IVZ	C	0.14%
	PVH	C	0.14%
	CLF	F	0.14%
	FOUR	A	0.14%
	HXL	F	0.13%
	SEE	D	0.13%
	OLN	F	0.13%
	HWC	B	0.13%
	AM	A	0.13%
	EDR	A	0.13%
	GATX	B	0.13%
	MDGL	C	0.13%
	SKY	A	0.13%
	BC	D	0.13%
	WK	C	0.12%
	NJR	A	0.12%
	PECO	A	0.12%
	AGO	A	0.12%
	WTM	A	0.12%
	POR	C	0.12%
	GAP	D	0.12%
	MUR	F	0.12%
	ST	F	0.12%
	BOX	B	0.12%
	SM	C	0.12%
	RH	D	0.12%
	ROIV	D	0.12%
	BDC	B	0.12%
	AL	B	0.12%
	CELH	F	0.11%
	SWX	A	0.11%
	CRSP	D	0.11%
	SIG	C	0.11%
	VLY	A	0.11%
	FIVE	F	0.11%
	IRT	A	0.11%
	AVNT	B	0.11%
	AXSM	B	0.1%
	OGS	A	0.1%
	OPCH	F	0.1%
	RARE	F	0.1%
	RYN	D	0.1%
	PNM	B	0.1%
	M	D	0.1%
	ORA	B	0.1%
	AEIS	B	0.1%
	KMPR	A	0.1%
	CRC	B	0.09%
	CCOI	B	0.09%
	ATKR	D	0.09%
	ALIT	C	0.09%
	NVST	C	0.09%
	YETI	D	0.09%
	PII	F	0.09%
	HP	C	0.09%
	TEX	D	0.09%
	PRGO	C	0.09%
	SPR	D	0.09%
	APLE	B	0.09%
	NWL	B	0.09%
	POWI	D	0.09%
	BLKB	B	0.09%
	JBT	A	0.09%
	ACHC	F	0.09%
	IAC	D	0.09%
	XRAY	D	0.09%
	ZI	D	0.09%
	MSGS	B	0.09%
	TNET	F	0.08%
	BL	C	0.08%
	PTEN	C	0.08%
	SMG	C	0.08%
	VAL	F	0.08%
	AWR	B	0.08%
	HL	C	0.08%
	HUN	F	0.08%
	HGV	C	0.08%
	PCH	D	0.08%
	BHF	B	0.08%
	SMPL	B	0.08%
	IRDM	F	0.08%
	ENV	B	0.08%
	NEOG	D	0.08%
	SLAB	F	0.08%
	RIG	D	0.08%
	DNB	B	0.08%
	EPR	D	0.08%
	GT	C	0.07%
	BOKF	B	0.07%
	ACLS	F	0.07%
	CNS	B	0.07%
	IRTC	C	0.07%
	DIOD	F	0.07%
	BE	A	0.07%
	NSP	F	0.07%
	FOLD	F	0.07%
	TDC	D	0.07%
	COTY	F	0.07%
	CC	D	0.07%
	VAC	C	0.07%
	FIVN	C	0.07%
	PENN	C	0.07%
	PFSI	C	0.07%
	CWT	C	0.07%
	DV	C	0.07%
	SAM	C	0.07%
	BXMT	C	0.07%
	SYNA	D	0.07%
	MAN	F	0.07%
	SGRY	F	0.06%
	CPRI	F	0.06%
	IPAR	C	0.06%
	AAP	D	0.06%
	KWR	D	0.06%
	APLS	F	0.06%
	IPGP	D	0.06%
	ENOV	C	0.06%
	ALGM	F	0.06%
	ARWR	D	0.06%
	HHH	B	0.06%
	CACC	F	0.06%
	MPW	F	0.06%
	VC	F	0.06%
	JJSF	C	0.06%
	ADNT	F	0.05%
	MP	C	0.05%
	FRHC	A	0.05%
	SHC	D	0.05%
	AZTA	F	0.05%
	LCID	F	0.05%
	HI	C	0.05%
	FLYW	B	0.05%
	ACAD	C	0.05%
	CWEN	C	0.05%
	RCM	A	0.05%
	LTH	C	0.04%
	PGNY	F	0.04%
	LBRDA	C	0.04%
	TXG	F	0.04%
	EVH	F	0.04%
	CAR	C	0.04%
	CLVT	D	0.04%
	GEF	B	0.04%
	UAA	C	0.04%
	IMVT	F	0.04%
	NFE	F	0.03%
	CRK	A	0.03%
	UA	C	0.03%
	DJT	C	0.03%
	WOR	F	0.03%
	MODG	F	0.03%
	PYCR	C	0.03%
	SEB	F	0.02%
	SEDG	F	0.02%
	TFSL	A	0.02%
	CWEN	C	0.02%
	WOLF	F	0.02%
	RUSHB	B	0.01%
	INST	B	0.01%
	UHAL	D	0.01%

BBMC Underweight 299 Positions Relative to FSMD

	Symbol	Grade	Weight
	TPL	A	-0.57%
	LYV	A	-0.42%
	NRG	B	-0.41%
	LII	B	-0.37%
	SNA	B	-0.37%
	PNR	B	-0.34%
	NWSA	B	-0.33%
	EWBC	A	-0.33%
	WSO	A	-0.33%
	OC	A	-0.32%
	EQH	B	-0.32%
	RGA	B	-0.31%
	L	A	-0.31%
	INCY	C	-0.3%
	ROL	B	-0.29%
	FTI	A	-0.29%
	CPT	C	-0.28%
	ELS	B	-0.28%
	SW	A	-0.28%
	NBIX	C	-0.27%
	UHS	D	-0.27%
	REG	A	-0.27%
	JNPR	D	-0.27%
	BSY	D	-0.26%
	BXP	D	-0.26%
	ALLE	D	-0.26%
	DOX	D	-0.25%
	TAP	B	-0.25%
	HLNE	A	-0.23%
	AFG	A	-0.23%
	CNX	A	-0.23%
	ADMA	C	-0.22%
	QTWO	B	-0.21%
	CORT	C	-0.21%
	EWTX	C	-0.21%
	TFX	F	-0.21%
	GKOS	A	-0.21%
	CRBG	B	-0.2%
	CPB	D	-0.2%
	STRL	A	-0.2%
	HRL	D	-0.2%
	CVLT	B	-0.2%
	RDNT	C	-0.2%
	ACIW	B	-0.19%
	ACI	C	-0.19%
	PRCT	B	-0.19%
	ACLX	C	-0.19%
	IDCC	A	-0.18%
	HIMS	C	-0.18%
	SN	D	-0.18%
	POWL	C	-0.18%
	PIPR	B	-0.18%
	CSWI	A	-0.18%
	TDS	B	-0.18%
	KTB	A	-0.17%
	ITGR	B	-0.17%
	MATX	B	-0.17%
	FTDR	B	-0.17%
	DORM	B	-0.17%
	LRN	B	-0.17%
	AROC	A	-0.17%
	PI	D	-0.17%
	HII	F	-0.17%
	MOG.A	B	-0.17%
	KNF	A	-0.17%
	CEIX	A	-0.17%
	IESC	A	-0.16%
	TGNA	B	-0.16%
	CNO	B	-0.16%
	ZETA	D	-0.16%
	ZD	B	-0.16%
	AGX	C	-0.16%
	APPF	C	-0.16%
	AX	B	-0.16%
	ASB	B	-0.16%
	PRIM	A	-0.16%
	BGC	C	-0.16%
	SKYW	B	-0.16%
	ROAD	A	-0.16%
	GEO	A	-0.16%
	VRNS	D	-0.16%
	PLXS	B	-0.16%
	MIR	A	-0.15%
	FULT	B	-0.15%
	IBOC	B	-0.15%
	CVCO	A	-0.15%
	VIRT	A	-0.15%
	KRYS	C	-0.15%
	KAI	B	-0.15%
	CALM	A	-0.15%
	AXNX	A	-0.15%
	GHC	B	-0.15%
	DY	C	-0.15%
	CPRX	C	-0.15%
	PJT	B	-0.15%
	BCC	B	-0.15%
	CTRE	C	-0.15%
	CRNX	C	-0.15%
	CATY	B	-0.15%
	FBP	B	-0.14%
	SLVM	C	-0.14%
	PRGS	B	-0.14%
	NHI	D	-0.14%
	VCTR	B	-0.14%
	APAM	B	-0.14%
	SUPN	B	-0.14%
	VCEL	B	-0.14%
	YELP	C	-0.14%
	USLM	A	-0.14%
	MWA	B	-0.14%
	CXW	B	-0.14%
	ENVA	B	-0.14%
	WDFC	B	-0.14%
	MHO	D	-0.14%
	ATGE	B	-0.14%
	IDT	B	-0.14%
	SMLR	C	-0.14%
	WKC	D	-0.13%
	LGND	C	-0.13%
	PLMR	A	-0.13%
	HCC	B	-0.13%
	NMIH	D	-0.13%
	CBZ	B	-0.13%
	BNL	D	-0.13%
	SKWD	A	-0.13%
	ARCH	B	-0.13%
	SHOO	D	-0.13%
	PHIN	B	-0.13%
	CASH	B	-0.13%
	DEI	B	-0.13%
	LMAT	A	-0.13%
	HIW	D	-0.13%
	UE	A	-0.13%
	KFY	B	-0.13%
	GPOR	A	-0.13%
	BFH	B	-0.13%
	SNEX	B	-0.13%
	AGR	A	-0.13%
	TPH	D	-0.13%
	GNW	A	-0.13%
	IOSP	C	-0.12%
	AEO	F	-0.12%
	TPB	A	-0.12%
	FORM	F	-0.12%
	OSIS	A	-0.12%
	CTS	C	-0.12%
	ICFI	F	-0.12%
	LBRT	F	-0.12%
	PAHC	B	-0.12%
	AMPH	F	-0.12%
	ADUS	D	-0.12%
	USM	B	-0.12%
	CHCO	B	-0.12%
	PLUS	F	-0.12%
	BRC	C	-0.12%
	AMRX	C	-0.12%
	PATK	D	-0.12%
	HMN	B	-0.12%
	QCRH	B	-0.12%
	AMED	F	-0.12%
	BCO	F	-0.12%
	EPAC	B	-0.12%
	UFPT	C	-0.12%
	WSBC	B	-0.12%
	VSTO	A	-0.12%
	MCY	B	-0.12%
	WLK	F	-0.12%
	HCKT	B	-0.11%
	UVSP	B	-0.11%
	PLAB	D	-0.11%
	AMAL	B	-0.11%
	LZB	B	-0.11%
	AZZ	A	-0.11%
	CPF	B	-0.11%
	HNI	B	-0.11%
	NHC	B	-0.11%
	APOG	B	-0.11%
	GIII	D	-0.11%
	VRRM	F	-0.11%
	PFBC	B	-0.11%
	HCI	C	-0.11%
	WABC	B	-0.11%
	LTC	B	-0.11%
	EQC	A	-0.11%
	TWST	F	-0.11%
	BKE	A	-0.11%
	SHO	D	-0.11%
	CTBI	B	-0.11%
	EIG	B	-0.11%
	HWKN	B	-0.11%
	SBH	B	-0.11%
	STRA	C	-0.11%
	CXT	C	-0.11%
	UNF	B	-0.11%
	SPOK	B	-0.11%
	OFG	B	-0.11%
	ALRM	C	-0.11%
	HUBG	A	-0.11%
	BHE	B	-0.11%
	MGRC	B	-0.11%
	MCB	B	-0.11%
	MTX	C	-0.11%
	ATEN	A	-0.11%
	GNE	F	-0.1%
	ASTH	F	-0.1%
	TPC	C	-0.1%
	CUBI	C	-0.1%
	UTI	A	-0.1%
	KURA	F	-0.1%
	DEA	D	-0.1%
	INSW	F	-0.1%
	SCSC	B	-0.1%
	UVE	A	-0.1%
	ROCK	D	-0.1%
	THFF	B	-0.1%
	SPNT	A	-0.1%
	USPH	C	-0.1%
	LEVI	F	-0.1%
	AAT	A	-0.1%
	URBN	C	-0.1%
	PDM	D	-0.1%
	SRCE	B	-0.1%
	HSTM	A	-0.1%
	WINA	B	-0.1%
	SXC	A	-0.1%
	AMR	C	-0.1%
	IBCP	B	-0.1%
	MSBI	B	-0.1%
	STNG	D	-0.1%
	REX	D	-0.1%
	UTL	C	-0.1%
	MCRI	A	-0.1%
	CSV	B	-0.1%
	CRAI	B	-0.1%
	PRDO	B	-0.1%
	SIRI	D	-0.1%
	PEBO	B	-0.1%
	INVA	C	-0.1%
	XHR	B	-0.1%
	ZYXI	D	-0.09%
	CNXN	D	-0.09%
	UTMD	F	-0.09%
	MLR	C	-0.09%
	PGRE	D	-0.09%
	CWCO	C	-0.09%
	KLG	D	-0.09%
	CFB	B	-0.09%
	SMP	C	-0.09%
	FF	F	-0.09%
	HSII	B	-0.09%
	WSR	A	-0.09%
	SCHL	F	-0.09%
	ANIP	D	-0.09%
	OLP	A	-0.09%
	BBSI	B	-0.09%
	CASS	B	-0.09%
	UPBD	C	-0.09%
	ALX	D	-0.08%
	NVEC	D	-0.08%
	LPG	F	-0.08%
	VECO	F	-0.08%
	AMCX	C	-0.08%
	OSUR	F	-0.08%
	IMKTA	C	-0.08%
	TNC	F	-0.08%
	ETD	D	-0.08%
	SCS	B	-0.08%
	STAA	F	-0.08%
	COLL	F	-0.08%
	VNDA	C	-0.08%
	SSTK	F	-0.08%
	EGY	F	-0.08%
	SCVL	F	-0.08%
	HCSG	C	-0.08%
	VSH	F	-0.08%
	ANDE	F	-0.08%
	SIGA	F	-0.07%
	CECO	C	-0.07%
	BRY	F	-0.07%
	NSSC	F	-0.07%
	METC	C	-0.07%
	EBF	D	-0.07%
	JBSS	F	-0.07%
	NPK	C	-0.07%
	KRT	B	-0.07%
	RMR	F	-0.07%
	HE	C	-0.07%
	SLP	F	-0.07%
	KFRC	D	-0.07%
	TRNS	F	-0.07%
	IMMR	F	-0.06%
	GIC	F	-0.06%
	MRVI	F	-0.06%
	ASC	D	-0.06%
	PANL	F	-0.06%
	AMN	F	-0.05%
	KELYA	F	-0.05%
	CLW	F	-0.04%
	JBI	F	-0.04%

BBMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Software - Infrastructure Oil & Gas E&P Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Information Technology Services Packaged Foods Packaging & Containers Semiconductors Capital Markets Engineering & Construction Leisure REIT - Industrial Apparel Manufacturing

Keywords: Banking Natural Gas Mining Bank Insurance Chemical Real Estate Investment Trust Computing S&P 500 Electronics Aerospace Construction Medicine Semiconductor Transport Biopharmaceutical Biotechnology Electricity Plastic Supply Chain Management

FSMD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Diversified Industrials Business Services Software - Application Building Materials Insurance - Property & Casualty Specialty Chemicals Asset Management Engineering & Construction Medical Care Packaged Foods Software - Infrastructure Capital Markets Medical Instruments & Supplies Oil & Gas E&P Packaging & Containers Auto Parts REIT - Office REIT - Retail

Keywords: Banking Bank Insurance S&P 500 Real Estate Investment Trust Chemical Medicine Construction Mining Computing Electronics Natural Gas Deposit Products Clothing Building Materials Aerospace Supply Chain Management Biotechnology Retail Store Commercial Banking