DES vs. AVUV ETF Comparison

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

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

$32.78

Average Daily Volume

135,808

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

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

$90.48

Average Daily Volume

839,130

Number of Holdings ^*

715

* may have additional holdings in another (foreign) market

Performance

Period	DES	AVUV
30 Days	3.33%	1.95%
60 Days	7.00%	2.02%
90 Days	6.67%	0.67%
12 Months	17.31%	15.25%

310 Overlapping Holdings

Symbol	Grade	Weight in DES	Weight in AVUV	Overlap
AAN	B	0.08%	0.05%	0.05%
ABCB	B	0.18%	0.25%	0.18%
ACCO	C	0.14%	0.04%	0.04%
ACU	B	0.03%	0.01%	0.01%
AGM	D	0.17%	0.23%	0.17%
AGX	A	0.15%	0.19%	0.15%
ALGT	F	0.11%	0.13%	0.11%
ALRS	B	0.05%	0.02%	0.02%
ALTG	F	0.05%	0.01%	0.01%
AMAL	B	0.05%	0.1%	0.05%
AMSF	B	0.28%	0.01%	0.01%
AMTB	D	0.04%	0.05%	0.04%
ANDE	D	0.12%	0.33%	0.12%
ANET	D	0.14%	0.06%	0.06%
APOG	C	0.2%	0.25%	0.2%
ARCB	F	0.11%	0.34%	0.11%
ARCH	F	0.1%	0.47%	0.1%
AROC	D	0.63%	0.58%	0.58%
AROW	B	0.02%	0.06%	0.02%
ASB	C	0.44%	0.26%	0.26%
ASIX	B	0.11%	0.12%	0.11%
ASTE	D	0.09%	0.0%	0.0%
ATNI	C	0.08%	0.05%	0.05%
BANC	B	0.15%	0.12%	0.12%
BANF	B	0.25%	0.0%	0.0%
BANR	B	0.19%	0.25%	0.19%
BELFB	D	0.07%	0.13%	0.07%
BFC	C	0.04%	0.02%	0.02%
BGS	C	0.18%	0.1%	0.1%
BHB	B	0.03%	0.05%	0.03%
BHE	C	0.2%	0.24%	0.2%
BHLB	B	0.1%	0.11%	0.1%
BHRB	B	0.09%	0.01%	0.01%
BKE	B	0.38%	0.21%	0.21%
BKU	B	0.27%	0.36%	0.27%
BMRC	B	0.03%	0.02%	0.02%
BOH	B	0.31%	0.31%	0.31%
BRKL	B	0.11%	0.1%	0.1%
BRY	F	0.12%	0.07%	0.07%
BSET	C	0.03%	0.01%	0.01%
BSRR	B	0.05%	0.02%	0.02%
BSVN	B	0.04%	0.01%	0.01%
BTU	D	0.15%	0.54%	0.15%
BUSE	B	0.16%	0.17%	0.16%
BY	C	0.07%	0.1%	0.07%
CABO	F	0.17%	0.07%	0.07%
CAC	B	0.04%	0.05%	0.04%
CAKE	C	0.26%	0.27%	0.26%
CAL	B	0.13%	0.27%	0.13%
CALM	B	0.12%	0.53%	0.12%
CASH	A	0.08%	0.23%	0.08%
CASS	D	0.04%	0.03%	0.03%
CATO	F	0.02%	0.0%	0.0%
CATY	B	0.46%	0.39%	0.39%
CBNK	B	0.02%	0.01%	0.01%
CBRL	F	0.2%	0.13%	0.13%
CCNE	B	0.05%	0.06%	0.05%
CHCO	B	0.2%	0.04%	0.04%
CIVB	B	0.03%	0.01%	0.01%
CLAR	F	0.04%	0.01%	0.01%
CNO	B	0.22%	0.55%	0.22%
CNOB	B	0.07%	0.11%	0.07%
CNXN	B	0.1%	0.13%	0.1%
CPF	B	0.08%	0.1%	0.08%
CRC	D	0.42%	0.69%	0.42%
CRGY	D	0.17%	0.22%	0.17%
CRI	C	0.52%	0.38%	0.38%
CSPI	F	0.03%	0.0%	0.0%
CTBI	B	0.14%	0.1%	0.1%
CVBF	D	0.29%	0.04%	0.04%
CVGW	C	0.07%	0.05%	0.05%
CVI	F	0.63%	0.09%	0.09%
DAN	F	0.18%	0.27%	0.18%
DBI	F	0.06%	0.06%	0.06%
DCOM	B	0.09%	0.11%	0.09%
DHIL	B	0.05%	0.03%	0.03%
EBC	B	0.31%	0.06%	0.06%
EBF	B	0.17%	0.06%	0.06%
EFSC	B	0.11%	0.24%	0.11%
EGBN	C	0.11%	0.08%	0.08%
EGY	D	0.15%	0.14%	0.14%
EIG	B	0.12%	0.15%	0.12%
EML	B	0.06%	0.0%	0.0%
ENS	D	0.24%	0.31%	0.24%
EPM	F	0.04%	0.02%	0.02%
EQBK	B	0.04%	0.03%	0.03%
ESCA	F	0.05%	0.0%	0.0%
ETH	F	0.18%	0.12%	0.12%
EVC	D	0.04%	0.01%	0.01%
FBIZ	B	0.02%	0.02%	0.02%
FBK	B	0.1%	0.04%	0.04%
FBMS	B	0.09%	0.07%	0.07%
FBNC	B	0.11%	0.02%	0.02%
FBP	B	0.54%	0.46%	0.46%
FCBC	B	0.09%	0.01%	0.01%
FCF	B	0.16%	0.2%	0.16%
FDBC	A	0.01%	0.0%	0.0%
FF	B	0.07%	0.01%	0.01%
FFBC	B	0.44%	0.02%	0.02%
FFIC	C	0.05%	0.04%	0.04%
FIBK	B	0.63%	0.02%	0.02%
FISI	B	0.09%	0.05%	0.05%
FLIC	A	0.05%	0.03%	0.03%
FMBH	B	0.05%	0.1%	0.05%
FMNB	B	0.04%	0.03%	0.03%
FRBA	B	0.03%	0.02%	0.02%
FRME	C	0.26%	0.12%	0.12%
FRST	D	0.04%	0.01%	0.01%
FSBC	B	0.04%	0.03%	0.03%
FSBW	B	0.03%	0.02%	0.02%
FULT	C	0.36%	0.4%	0.36%
GABC	B	0.15%	0.01%	0.01%
GBX	D	0.2%	0.26%	0.2%
GES	F	0.22%	0.12%	0.12%
GHC	C	0.15%	0.05%	0.05%
GIC	F	0.16%	0.01%	0.01%
GNTY	B	0.03%	0.01%	0.01%
GRNT	D	0.24%	0.07%	0.07%
GSBC	C	0.04%	0.07%	0.04%
GVA	B	0.19%	0.07%	0.07%
HAFC	B	0.06%	0.08%	0.06%
HBB	B	0.08%	0.03%	0.03%
HBNC	B	0.09%	0.05%	0.05%
HBT	C	0.08%	0.02%	0.02%
HCC	F	0.11%	0.64%	0.11%
HCI	A	0.04%	0.08%	0.04%
HEES	F	0.16%	0.27%	0.16%
HFWA	B	0.09%	0.03%	0.03%
HMN	B	0.14%	0.0%	0.0%
HOFT	C	0.04%	0.02%	0.02%
HONE	B	0.03%	0.03%	0.03%
HOPE	B	0.22%	0.18%	0.18%
HP	F	0.3%	0.49%	0.3%
HPK	D	0.08%	0.06%	0.06%
HRI	D	0.29%	0.61%	0.29%
HSII	B	0.12%	0.01%	0.01%
HTBK	B	0.1%	0.07%	0.07%
HTH	C	0.1%	0.07%	0.07%
HTLD	D	0.06%	0.08%	0.06%
HTLF	B	0.2%	0.13%	0.13%
HVT	D	0.1%	0.06%	0.06%
HWC	C	0.33%	0.52%	0.33%
HWKN	B	0.21%	0.28%	0.21%
HY	F	0.15%	0.08%	0.08%
IBCP	B	0.06%	0.1%	0.06%
IBOC	C	0.4%	0.46%	0.4%
IBTX	B	0.22%	0.0%	0.0%
IDCC	B	0.32%	0.57%	0.32%
IIIN	D	0.05%	0.11%	0.05%
IMKTA	D	0.07%	0.2%	0.07%
IMMR	D	0.08%	0.04%	0.04%
INBK	B	0.01%	0.02%	0.01%
INDB	B	0.27%	0.12%	0.12%
ISTR	B	0.02%	0.0%	0.0%
ITIC	B	0.07%	0.01%	0.01%
JBSS	D	0.19%	0.06%	0.06%
JWN	A	0.6%	0.33%	0.33%
KALU	F	0.23%	0.16%	0.16%
KELYA	D	0.08%	0.1%	0.08%
KFRC	D	0.16%	0.01%	0.01%
KFY	C	0.21%	0.06%	0.06%
KLG	B	0.35%	0.14%	0.14%
KLIC	F	0.15%	0.1%	0.1%
KMT	D	0.24%	0.35%	0.24%
KRNY	D	0.05%	0.01%	0.01%
KRO	D	0.36%	0.01%	0.01%
KRT	D	0.12%	0.03%	0.03%
KSS	F	0.62%	0.45%	0.45%
LAKE	C	0.04%	0.0%	0.0%
LBRT	D	0.27%	0.64%	0.27%
LCII	B	0.37%	0.38%	0.37%
LCUT	F	0.04%	0.01%	0.01%
LKFN	B	0.12%	0.04%	0.04%
LNN	D	0.1%	0.01%	0.01%
LOB	B	0.08%	0.03%	0.03%
LYTS	B	0.09%	0.03%	0.03%
LZB	C	0.17%	0.28%	0.17%
MATX	C	0.25%	0.87%	0.25%
MBIN	C	0.09%	0.12%	0.09%
MBWM	C	0.09%	0.1%	0.09%
MCBS	B	0.08%	0.04%	0.04%
MCRI	A	0.19%	0.17%	0.17%
MCS	A	0.09%	0.05%	0.05%
MCY	B	0.28%	0.03%	0.03%
MEI	F	0.04%	0.02%	0.02%
METC	F	0.07%	0.06%	0.06%
MOV	F	0.08%	0.06%	0.06%
MPX	F	0.08%	0.01%	0.01%
MRTN	D	0.1%	0.18%	0.1%
MSBI	D	0.05%	0.06%	0.05%
MWA	C	0.26%	0.01%	0.01%
MYE	D	0.12%	0.05%	0.05%
NAVI	C	0.18%	0.18%	0.18%
NBHC	B	0.13%	0.12%	0.12%
NBN	B	0.02%	0.06%	0.02%
NBTB	B	0.2%	0.11%	0.11%
NC	F	0.04%	0.01%	0.01%
NFBK	B	0.06%	0.05%	0.05%
NGVC	A	0.16%	0.06%	0.06%
NIC	B	0.06%	0.0%	0.0%
NNI	B	0.13%	0.1%	0.1%
NOG	D	0.51%	0.67%	0.51%
NRIM	B	0.05%	0.04%	0.04%
NUS	F	0.1%	0.04%	0.04%
NWBI	B	0.33%	0.12%	0.12%
NX	D	0.07%	0.15%	0.07%
OBK	C	0.03%	0.11%	0.03%
OBT	C	0.01%	0.01%	0.01%
OCFC	B	0.15%	0.12%	0.12%
ODC	C	0.09%	0.06%	0.06%
OFG	B	0.2%	0.29%	0.2%
OPY	C	0.03%	0.05%	0.03%
ORRF	B	0.04%	0.05%	0.04%
OSBC	B	0.04%	0.1%	0.04%
OXM	F	0.17%	0.22%	0.17%
PAHC	B	0.07%	0.07%	0.07%
PATK	B	0.4%	0.16%	0.16%
PDCO	F	0.28%	0.14%	0.14%
PEBO	C	0.22%	0.13%	0.13%
PFBC	C	0.14%	0.04%	0.04%
PFC	B	0.12%	0.11%	0.11%
PFS	B	0.34%	0.15%	0.15%
PGC	B	0.04%	0.05%	0.04%
PHIN	B	0.35%	0.37%	0.35%
PHX	B	0.03%	0.0%	0.0%
PINC	A	0.35%	0.29%	0.29%
PKOH	C	0.08%	0.02%	0.02%
PLBC	B	0.01%	0.0%	0.0%
PLPC	F	0.06%	0.01%	0.01%
POWL	C	0.18%	0.31%	0.18%
PPBI	C	0.33%	0.14%	0.14%
PRDO	D	0.22%	0.23%	0.22%
PSMT	B	0.17%	0.38%	0.17%
QCRH	B	0.05%	0.16%	0.05%
RBCAA	B	0.11%	0.07%	0.07%
RCKY	D	0.06%	0.04%	0.04%
RDUS	F	0.06%	0.06%	0.06%
REPX	D	0.14%	0.05%	0.05%
RES	F	0.13%	0.1%	0.1%
REVG	C	0.14%	0.0%	0.0%
RGR	F	0.09%	0.05%	0.05%
RICK	D	0.05%	0.01%	0.01%
RM	B	0.04%	0.03%	0.03%
RNGR	B	0.07%	0.03%	0.03%
RRBI	D	0.02%	0.0%	0.0%
RYI	F	0.08%	0.11%	0.08%
SAFT	B	0.13%	0.03%	0.03%
SASR	B	0.22%	0.16%	0.16%
SBSI	B	0.12%	0.04%	0.04%
SCHL	D	0.1%	0.11%	0.1%
SCL	D	0.13%	0.17%	0.13%
SCS	C	0.24%	0.23%	0.23%
SCVL	B	0.16%	0.13%	0.13%
SD	D	0.09%	0.07%	0.07%
SFBS	B	0.22%	0.08%	0.08%
SFNC	B	0.34%	0.03%	0.03%
SGC	F	0.06%	0.03%	0.03%
SHBI	B	0.04%	0.02%	0.02%
SHEN	F	0.05%	0.03%	0.03%
SLM	D	0.33%	0.69%	0.33%
SLVM	B	0.4%	0.41%	0.4%
SMBC	B	0.03%	0.06%	0.03%
SMBK	B	0.04%	0.04%	0.04%
SMP	C	0.11%	0.07%	0.07%
SOI	B	0.1%	0.05%	0.05%
SPFI	B	0.02%	0.04%	0.02%
SPTN	A	0.14%	0.12%	0.12%
SRCE	C	0.14%	0.05%	0.05%
STBA	B	0.17%	0.18%	0.17%
SWBI	D	0.12%	0.11%	0.11%
SXC	F	0.13%	0.16%	0.13%
SYBT	B	0.11%	0.08%	0.08%
TCBK	C	0.1%	0.13%	0.1%
TDS	B	0.35%	0.43%	0.35%
TEX	D	0.18%	0.59%	0.18%
THFF	B	0.08%	0.06%	0.06%
TILE	B	0.11%	0.21%	0.11%
TNC	D	0.15%	0.07%	0.07%
TOWN	B	0.24%	0.16%	0.16%
TRMK	B	0.19%	0.22%	0.19%
TRN	C	0.39%	0.29%	0.29%
TRST	B	0.08%	0.08%	0.08%
TWIN	F	0.04%	0.0%	0.0%
UCBI	B	0.34%	0.03%	0.03%
UFCS	D	0.03%	0.0%	0.0%
ULH	C	0.15%	0.05%	0.05%
UMBF	B	0.26%	0.54%	0.26%
UNTY	B	0.01%	0.01%	0.01%
USLM	C	0.13%	0.03%	0.03%
UTMD	F	0.06%	0.0%	0.0%
UVE	B	0.07%	0.07%	0.07%
VBTX	B	0.14%	0.12%	0.12%
VHI	B	0.16%	0.0%	0.0%
VLGEA	B	0.08%	0.04%	0.04%
VRTS	D	0.22%	0.07%	0.07%
VSH	F	0.17%	0.46%	0.17%
WABC	C	0.17%	0.17%	0.17%
WAFD	B	0.2%	0.33%	0.2%
WASH	B	0.1%	0.07%	0.07%
WD	B	0.26%	0.32%	0.26%
WERN	D	0.14%	0.4%	0.14%
WEYS	B	0.08%	0.0%	0.0%
WGO	D	0.15%	0.22%	0.15%
WMK	B	0.18%	0.17%	0.17%
WNC	F	0.08%	0.15%	0.08%
WOR	F	0.28%	0.2%	0.2%
WSFS	C	0.14%	0.3%	0.14%
WTBA	C	0.03%	0.02%	0.02%
WTTR	C	0.19%	0.19%	0.19%
ZEUS	F	0.06%	0.08%	0.06%

DES Overweight 257 Positions Relative to AVUV

Symbol	Grade	Weight
OGN	C	1.55%
TFSL	C	0.87%
EPR	B	0.83%
ALE	A	0.77%
NSA	A	0.75%
BNL	B	0.71%
CNS	B	0.68%
CCOI	A	0.66%
VGR	B	0.63%
SBRA	A	0.62%
KNTK	A	0.62%
BKH	A	0.61%
EPRT	A	0.6%
NHI	A	0.58%
SMG	C	0.57%
SR	B	0.56%
MC	B	0.56%
OGS	B	0.56%
NWE	A	0.53%
SLG	B	0.53%
TNL	D	0.53%
KTB	B	0.52%
TPG	B	0.52%
AVA	B	0.52%
VCTR	B	0.52%
AVNT	B	0.44%
PNM	A	0.44%
FHB	C	0.43%
IIPR	B	0.42%
CRS	B	0.42%
VIRT	A	0.41%
XRX	D	0.38%
OTTR	D	0.38%
LEG	D	0.38%
MGEE	B	0.38%
VAC	F	0.37%
SEM	D	0.37%
SHOO	C	0.37%
CUZ	A	0.36%
AUB	B	0.33%
CBU	B	0.33%
AWR	B	0.33%
UVV	B	0.33%
RUSHA	C	0.33%
ENR	B	0.32%
NHC	B	0.32%
SXT	C	0.32%
SPB	B	0.31%
JJSF	C	0.3%
ABM	C	0.3%
BCO	B	0.3%
HNI	B	0.3%
BRC	B	0.3%
RRR	C	0.29%
TGNA	D	0.29%
WSBC	B	0.27%
STEP	B	0.27%
KMPR	C	0.27%
NWN	B	0.27%
WDFC	A	0.27%
WHD	C	0.26%
PBI	C	0.26%
PTVE	D	0.25%
PRK	B	0.25%
GFF	D	0.25%
AESI	B	0.24%
STRA	D	0.24%
CPK	A	0.24%
CWT	B	0.24%
GEF	D	0.24%
CTRE	A	0.24%
WWW	A	0.23%
MLKN	D	0.23%
BLMN	F	0.22%
SKT	A	0.22%
DLX	D	0.22%
SJW	A	0.22%
YOU	B	0.21%
PIPR	B	0.21%
IOSP	D	0.21%
UTL	B	0.21%
CACC	F	0.21%
IRT	B	0.2%
WINA	D	0.2%
CSGS	C	0.19%
CCS	B	0.19%
MGRC	D	0.19%
CSWI	C	0.19%
STC	B	0.18%
HI	F	0.18%
DK	F	0.18%
LXP	B	0.18%
NPO	D	0.18%
BDC	B	0.18%
BGC	B	0.17%
SBCF	B	0.17%
MAC	B	0.17%
ACA	D	0.17%
CRAI	D	0.16%
HL	C	0.16%
PZZA	C	0.16%
AEIS	D	0.16%
SAH	C	0.16%
EPC	C	0.16%
AIN	D	0.15%
RNST	C	0.15%
LMAT	B	0.15%
KAI	D	0.15%
JOE	C	0.15%
AZZ	C	0.15%
PRIM	C	0.15%
PCH	C	0.15%
PRGS	B	0.15%
UWMC	B	0.14%
MLR	C	0.14%
ALX	B	0.14%
MNRO	D	0.14%
KWR	D	0.14%
UTZ	A	0.14%
SXI	C	0.14%
TPB	A	0.13%
ESE	C	0.13%
GRC	D	0.13%
HCKT	B	0.13%
JBT	F	0.13%
NPK	D	0.13%
SSTK	F	0.13%
PLOW	B	0.13%
PK	D	0.13%
USPH	D	0.13%
ICFI	B	0.13%
FCPT	A	0.12%
CDRE	D	0.12%
BBSI	C	0.12%
MSEX	B	0.12%
UNF	C	0.12%
EMBC	B	0.12%
CWH	C	0.12%
LTC	A	0.12%
CSV	B	0.11%
DEI	B	0.11%
TR	A	0.11%
PJT	C	0.11%
VSEC	C	0.11%
DNUT	C	0.11%
CFFN	C	0.11%
ATEN	D	0.11%
MTX	D	0.11%
HAYN	A	0.11%
GTY	B	0.11%
SPOK	D	0.1%
NVEC	D	0.1%
ALG	D	0.1%
NSSC	F	0.1%
YORW	D	0.1%
CNMD	C	0.1%
JACK	F	0.1%
EPAC	C	0.1%
MTRN	D	0.1%
UE	B	0.1%
MATW	F	0.1%
AKR	B	0.1%
KW	B	0.1%
MGPI	B	0.09%
SHO	D	0.09%
DBRG	F	0.09%
SHYF	C	0.09%
LMNR	A	0.09%
NMRK	A	0.09%
HLIO	F	0.09%
AMSWA	B	0.09%
DIN	F	0.09%
VSTS	C	0.09%
EXPI	F	0.08%
GWRS	A	0.08%
IVT	B	0.08%
CMCO	F	0.08%
ALEX	B	0.08%
NATH	A	0.08%
ROIC	B	0.08%
JBGS	B	0.08%
MLAB	B	0.08%
EVTC	D	0.08%
CTS	D	0.08%
SLP	F	0.07%
RUSHB	C	0.07%
SVC	D	0.07%
TRS	D	0.07%
GTN	F	0.07%
SAVE	F	0.07%
DEA	A	0.07%
ARTNA	D	0.07%
EE	D	0.07%
PKE	D	0.07%
DRH	D	0.07%
ESRT	B	0.07%
UMH	A	0.07%
RGP	F	0.07%
TRAK	B	0.07%
GCMG	B	0.07%
AAT	B	0.07%
ARKO	D	0.07%
HSTM	C	0.07%
NRC	F	0.06%
CSR	B	0.06%
JOUT	F	0.06%
WTI	F	0.06%
MSB	D	0.06%
NTST	A	0.06%
XHR	D	0.06%
RLJ	F	0.06%
MMI	B	0.06%
PEB	D	0.06%
CLB	F	0.06%
GNE	C	0.06%
KOP	D	0.06%
HQI	A	0.05%
WSR	D	0.05%
PGRE	C	0.05%
CTO	A	0.05%
AMRK	A	0.05%
RGCO	D	0.05%
NEWT	F	0.05%
OFLX	D	0.05%
BFS	B	0.05%
ALCO	C	0.05%
GMRE	D	0.04%
RELL	C	0.04%
AHH	B	0.04%
HURC	C	0.04%
PLYM	C	0.04%
DGICA	A	0.04%
ARC	A	0.04%
BSIG	C	0.04%
CBL	B	0.04%
CMP	F	0.04%
LAND	D	0.03%
CLDT	D	0.03%
CZNC	C	0.03%
DHC	C	0.03%
PSTL	B	0.03%
OLP	B	0.03%
BRT	B	0.03%
TIPT	B	0.03%
TSQ	F	0.03%
SSBK	B	0.02%
PINE	A	0.02%
III	D	0.02%
NECB	B	0.02%
VOC	F	0.02%
FPI	D	0.02%
RMR	B	0.02%
PKST	C	0.02%
CHCT	F	0.02%
SGA	F	0.02%
MBCN	B	0.01%
FNWB	C	0.0%

DES Underweight 405 Positions Relative to AVUV

Symbol	Grade	Weight
SM	D	-0.93%
GATX	C	-0.89%
JXN	C	-0.86%
BCC	C	-0.86%
MLI	B	-0.85%
MDU	D	-0.83%
CBT	B	-0.82%
KBH	B	-0.81%
AL	D	-0.78%
MHO	B	-0.76%
CNX	B	-0.76%
R	C	-0.75%
RDN	B	-0.73%
MGY	D	-0.71%
HOG	B	-0.7%
AEO	D	-0.68%
STNG	D	-0.65%
SKYW	D	-0.65%
ALK	D	-0.64%
DXC	A	-0.64%
SFM	B	-0.59%
THO	C	-0.59%
M	F	-0.58%
AX	C	-0.53%
SIG	F	-0.52%
OZK	D	-0.51%
AMR	F	-0.51%
TPH	B	-0.51%
PTEN	F	-0.5%
GT	F	-0.5%
ANF	D	-0.5%
TMHC	B	-0.48%
INSW	D	-0.47%
CEIX	D	-0.46%
URBN	D	-0.46%
NMIH	B	-0.45%
MTG	B	-0.45%
AVT	C	-0.44%
AXS	B	-0.44%
ONB	C	-0.44%
BHF	D	-0.43%
HUBG	B	-0.43%
AGO	D	-0.42%
SANM	D	-0.41%
VSTO	C	-0.4%
KOS	F	-0.4%
ATKR	F	-0.38%
OII	C	-0.37%
COLB	B	-0.37%
PLUS	B	-0.36%
ESNT	B	-0.35%
SNV	C	-0.35%
TBBK	B	-0.34%
PII	D	-0.34%
ESGR	D	-0.34%
COLM	B	-0.34%
SATS	A	-0.34%
FNB	C	-0.33%
PBF	F	-0.33%
VLY	C	-0.33%
FYBR	A	-0.31%
MTH	B	-0.31%
HLX	D	-0.3%
ALKS	B	-0.3%
SNEX	C	-0.3%
LPG	F	-0.29%
GNW	B	-0.29%
PLAB	F	-0.29%
TNK	D	-0.29%
TCBI	A	-0.28%
TALO	F	-0.28%
LPX	B	-0.28%
JBLU	D	-0.27%
BPOP	B	-0.26%
WTFC	B	-0.26%
DIOD	F	-0.25%
AMPH	C	-0.25%
CUBI	F	-0.24%
AAP	F	-0.24%
SFL	D	-0.24%
OPEN	D	-0.24%
CENTA	D	-0.24%
PFSI	A	-0.24%
DHT	D	-0.23%
CDE	D	-0.23%
NTB	B	-0.23%
ASO	C	-0.22%
PARR	F	-0.22%
STRL	C	-0.22%
VC	F	-0.22%
SPNT	B	-0.22%
ATSG	C	-0.22%
CC	F	-0.22%
CMC	D	-0.22%
JELD	F	-0.21%
SCSC	C	-0.21%
TTMI	D	-0.21%
GIII	A	-0.21%
CRK	D	-0.2%
HOV	B	-0.2%
PRG	B	-0.19%
GLNG	D	-0.18%
HRMY	B	-0.18%
ODP	F	-0.18%
GPOR	D	-0.18%
KRP	D	-0.18%
BXC	F	-0.18%
SUPN	B	-0.18%
OMF	D	-0.17%
OEC	F	-0.17%
ASC	D	-0.16%
AM	C	-0.16%
SGH	F	-0.15%
SNDR	B	-0.15%
RIG	F	-0.15%
PUMP	F	-0.15%
STNE	F	-0.15%
USM	B	-0.15%
HHH	B	-0.15%
MTDR	F	-0.15%
CARS	D	-0.15%
MUR	F	-0.15%
FL	D	-0.14%
AXL	F	-0.14%
MRC	D	-0.14%
GNK	D	-0.14%
TROX	F	-0.14%
UNFI	A	-0.14%
DOLE	B	-0.14%
TPC	C	-0.14%
GRBK	B	-0.14%
PAGS	F	-0.14%
MBUU	C	-0.13%
LC	B	-0.13%
WTM	B	-0.13%
DNOW	D	-0.13%
FDP	B	-0.13%
CIVI	F	-0.13%
PLYA	D	-0.13%
ACT	A	-0.13%
ENLC	A	-0.12%
MTUS	F	-0.12%
WAL	B	-0.12%
BJRI	D	-0.12%
NR	D	-0.12%
NBR	F	-0.12%
CLW	F	-0.12%
PLXS	B	-0.12%
MATV	B	-0.12%
DAKT	D	-0.11%
BKD	D	-0.11%
VTOL	C	-0.11%
REX	F	-0.1%
AMKR	F	-0.1%
UVSP	B	-0.1%
INVA	B	-0.1%
CENX	F	-0.1%
PLMR	B	-0.1%
FOR	D	-0.1%
AMRC	B	-0.1%
NAT	D	-0.1%
CCRN	F	-0.09%
CFB	B	-0.09%
ZION	C	-0.09%
IRDM	D	-0.09%
TK	D	-0.09%
BBW	A	-0.08%
UFPI	D	-0.08%
CHX	D	-0.08%
SEB	C	-0.08%
UTI	D	-0.08%
RYAM	B	-0.08%
LMB	B	-0.08%
EBS	D	-0.08%
GDEN	C	-0.07%
DDS	D	-0.07%
THRM	D	-0.07%
BFST	B	-0.07%
SBLK	D	-0.07%
MCB	B	-0.07%
SNCY	D	-0.07%
ARHS	F	-0.07%
CMRE	D	-0.07%
LXU	F	-0.07%
MARA	F	-0.06%
CVEO	B	-0.06%
AOSL	D	-0.06%
ASH	D	-0.06%
TWI	D	-0.06%
OSUR	F	-0.06%
SF	C	-0.06%
SIGA	D	-0.06%
SGHC	C	-0.06%
SB	D	-0.06%
AMBC	F	-0.06%
HTBI	B	-0.06%
IESC	C	-0.05%
APEI	D	-0.05%
USAP	B	-0.05%
CVCO	B	-0.05%
HRTG	B	-0.05%
NTGR	B	-0.05%
LOVE	D	-0.05%
USNA	F	-0.05%
CCB	B	-0.05%
AMCX	F	-0.05%
GLDD	C	-0.05%
ESQ	B	-0.05%
MCFT	F	-0.05%
GPRE	F	-0.04%
GDOT	B	-0.04%
KD	D	-0.04%
PANL	F	-0.04%
MPB	B	-0.04%
EZPW	B	-0.04%
NWPX	B	-0.04%
CARE	B	-0.04%
GCO	D	-0.04%
HTZ	F	-0.04%
KE	F	-0.04%
VPG	F	-0.04%
ZIMV	D	-0.04%
RBB	B	-0.04%
VSAT	D	-0.04%
CENT	D	-0.04%
FG	D	-0.04%
XPRO	F	-0.04%
DXLG	F	-0.03%
NATR	F	-0.03%
ACNB	B	-0.03%
PUBM	F	-0.03%
TMP	B	-0.03%
ANIP	D	-0.03%
BWB	B	-0.03%
MED	F	-0.03%
SKWD	A	-0.03%
CRCT	D	-0.03%
HNRG	F	-0.03%
PAX	F	-0.03%
MOFG	B	-0.03%
CCBG	B	-0.03%
LE	D	-0.03%
IPI	D	-0.03%
LXFR	D	-0.03%
FIGS	D	-0.03%
ORN	F	-0.03%
TH	C	-0.03%
TBI	F	-0.03%
BVS	B	-0.03%
CHUY	A	-0.03%
REI	D	-0.03%
FNKO	B	-0.03%
DO	D	-0.03%
AMPY	D	-0.03%
FLWS	F	-0.03%
HDSN	F	-0.03%
WRLD	D	-0.03%
VIRC	C	-0.03%
GLRE	B	-0.03%
JAKK	C	-0.03%
HBCP	C	-0.02%
NNBR	D	-0.02%
TAYD	B	-0.02%
UAA	B	-0.02%
CMA	B	-0.02%
ALIT	D	-0.02%
TTI	F	-0.02%
FSTR	F	-0.02%
LSEA	B	-0.02%
SFST	D	-0.02%
VRA	F	-0.02%
NGS	C	-0.02%
FLXS	B	-0.02%
HIFS	B	-0.02%
RMAX	B	-0.02%
ACDC	F	-0.02%
CVGI	F	-0.02%
OIS	D	-0.02%
SWIM	B	-0.02%
PRA	C	-0.02%
ACIC	D	-0.02%
PTGX	B	-0.02%
FFWM	C	-0.02%
MERC	F	-0.02%
CMT	D	-0.02%
KODK	D	-0.02%
SRI	F	-0.02%
HMST	B	-0.02%
PVH	F	-0.02%
LEGH	C	-0.02%
PWOD	C	-0.01%
UBFO	B	-0.01%
SONO	F	-0.01%
XBIT	B	-0.01%
MNTK	F	-0.01%
CBAN	B	-0.01%
SEG	D	-0.01%
OLPX	B	-0.01%
KEQU	B	-0.01%
VNDA	D	-0.01%
BELFA	C	-0.01%
OPBK	B	-0.01%
PFIS	C	-0.01%
TSBK	B	-0.01%
ATLC	C	-0.01%
STKS	F	-0.01%
BWFG	B	-0.01%
IBEX	B	-0.01%
EVBN	A	-0.01%
CRD.B	B	-0.01%
FUNC	A	-0.01%
PTSI	D	-0.01%
BCML	C	-0.01%
MPAA	D	-0.01%
KLXE	D	-0.01%
TCBX	B	-0.01%
MEC	B	-0.01%
ESOA	B	-0.01%
ACTG	D	-0.01%
GEOS	C	-0.01%
PKBK	B	-0.01%
EBTC	B	-0.01%
IMXI	D	-0.01%
METCB	D	-0.01%
JRVR	F	-0.01%
MFIN	D	-0.01%
TTSH	D	-0.01%
LTH	B	-0.01%
FLL	D	-0.01%
LNTH	C	-0.01%
PCB	B	-0.01%
PBYI	F	-0.01%
TRDA	C	-0.01%
WLFC	B	-0.01%
RLGT	B	-0.01%
UEIC	D	-0.01%
MTW	F	-0.01%
TG	B	-0.01%
MVBF	D	-0.01%
WSBF	B	-0.01%
MYRG	F	-0.01%
UA	B	-0.01%
BCBP	B	-0.01%
CPHC	F	-0.0%
MRBK	B	-0.0%
NKSH	D	-0.0%
BH	D	-0.0%
KINS	B	-0.0%
SRTS	C	-0.0%
MNSB	D	-0.0%
KVHI	C	-0.0%
WNEB	B	-0.0%
FGBI	C	-0.0%
MYFW	A	-0.0%
CNTY	D	-0.0%
VABK	A	-0.0%
ATLO	D	-0.0%
CMLS	F	-0.0%
FET	D	-0.0%
ECPG	C	-0.0%
SPWH	D	-0.0%
CNDT	B	-0.0%
PVBC	D	-0.0%
AOUT	B	-0.0%
WOW	B	-0.0%
PNRG	B	-0.0%
BCAL	C	-0.0%
MYPS	F	-0.0%
OB	C	-0.0%
GHM	C	-0.0%
NWFL	D	-0.0%
PEBK	D	-0.0%
LPRO	F	-0.0%
COFS	B	-0.0%
DLTH	C	-0.0%
CLVT	C	-0.0%
PYXS	C	-0.0%
CZFS	B	-0.0%
ZUMZ	B	-0.0%
UFI	B	-0.0%
TBNK	B	-0.0%
QUAD	F	-0.0%
TGLS	B	-0.0%
FVCB	D	-0.0%
CHMG	C	-0.0%
VITL	D	-0.0%
CRD.B	B	-0.0%
CCRD	B	-0.0%
CFFI	B	-0.0%
VYGR	F	-0.0%
LFVN	A	-0.0%
EPSN	D	-0.0%
BOOM	F	-0.0%
HWBK	A	-0.0%
OVLY	D	-0.0%
FONR	F	-0.0%
CPSS	D	-0.0%
CBFV	A	-0.0%
RVSB	C	-0.0%
FNLC	B	-0.0%
LWAY	B	-0.0%
NEU	D	-0.0%
FRAF	A	-0.0%
KNF	C	-0.0%
BFIN	B	-0.0%