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

$36.62

Average Daily Volume

99,975

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

$102.77

Average Daily Volume

777,280

Number of Holdings ^*

717

* may have additional holdings in another (foreign) market

Performance

Period	DES	AVUV
30 Days	6.78%	7.10%
60 Days	7.05%	7.60%
90 Days	7.88%	7.64%
12 Months	30.14%	30.52%

309 Overlapping Holdings

Symbol	Grade	Weight in DES	Weight in AVUV	Overlap
ABCB	B	0.19%	0.24%	0.19%
ACCO	C	0.15%	0.06%	0.06%
ACU	C	0.03%	0.01%	0.01%
AGM	B	0.18%	0.23%	0.18%
AGX	B	0.3%	0.36%	0.3%
AIN	C	0.13%	0.0%	0.0%
ALRS	D	0.05%	0.02%	0.02%
ALTG	C	0.05%	0.01%	0.01%
AMAL	B	0.06%	0.1%	0.06%
AMSF	B	0.3%	0.01%	0.01%
AMTB	B	0.04%	0.05%	0.04%
ANDE	D	0.11%	0.29%	0.11%
ANET	C	0.19%	0.08%	0.08%
APOG	C	0.25%	0.3%	0.25%
ARCB	C	0.11%	0.36%	0.11%
ARCH	B	0.12%	0.53%	0.12%
AROC	A	0.71%	0.65%	0.65%
AROW	B	0.03%	0.06%	0.03%
ASB	B	0.5%	0.27%	0.27%
ASIX	B	0.11%	0.11%	0.11%
ASTE	C	0.1%	0.0%	0.0%
ATNI	F	0.06%	0.04%	0.04%
BANC	B	0.19%	0.03%	0.03%
BANF	B	0.27%	0.0%	0.0%
BANR	B	0.24%	0.28%	0.24%
BELFB	C	0.08%	0.14%	0.08%
BFC	B	0.05%	0.02%	0.02%
BFH	C	0.17%	0.42%	0.17%
BGS	F	0.12%	0.07%	0.07%
BHB	C	0.03%	0.05%	0.03%
BHE	C	0.22%	0.28%	0.22%
BHLB	B	0.11%	0.1%	0.1%
BKE	B	0.41%	0.23%	0.23%
BKU	A	0.27%	0.35%	0.27%
BMRC	B	0.03%	0.02%	0.02%
BOH	B	0.34%	0.3%	0.3%
BRKL	B	0.14%	0.12%	0.12%
BRY	F	0.08%	0.05%	0.05%
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	B	0.18%	0.54%	0.18%
BUSE	B	0.15%	0.16%	0.15%
BY	B	0.07%	0.1%	0.07%
CABO	B	0.19%	0.12%	0.12%
CAC	C	0.06%	0.05%	0.05%
CAKE	C	0.3%	0.32%	0.3%
CAL	F	0.1%	0.19%	0.1%
CALM	A	0.16%	0.63%	0.16%
CASH	B	0.09%	0.25%	0.09%
CASS	C	0.04%	0.02%	0.02%
CATO	D	0.02%	0.0%	0.0%
CATY	B	0.51%	0.42%	0.42%
CBNK	B	0.02%	0.01%	0.01%
CBRL	C	0.23%	0.14%	0.14%
CCNE	C	0.06%	0.07%	0.06%
CHCO	B	0.2%	0.04%	0.04%
CIVB	B	0.04%	0.02%	0.02%
CLAR	D	0.04%	0.01%	0.01%
CNO	B	0.23%	0.58%	0.23%
CNOB	B	0.07%	0.11%	0.07%
CNXN	C	0.1%	0.11%	0.1%
CPF	B	0.09%	0.1%	0.09%
CRC	A	0.45%	0.72%	0.45%
CRGY	B	0.2%	0.27%	0.2%
CRI	F	0.38%	0.28%	0.28%
CSPI	C	0.03%	0.0%	0.0%
CTBI	B	0.16%	0.11%	0.11%
CVBF	A	0.33%	0.04%	0.04%
CVGW	D	0.07%	0.06%	0.06%
CVI	F	0.48%	0.07%	0.07%
DAN	D	0.13%	0.2%	0.13%
DBI	F	0.05%	0.04%	0.04%
DCOM	B	0.11%	0.14%	0.11%
DHIL	B	0.05%	0.03%	0.03%
EBC	B	0.32%	0.03%	0.03%
EBF	F	0.15%	0.06%	0.06%
EFSC	B	0.12%	0.25%	0.12%
EGBN	B	0.14%	0.09%	0.09%
EGY	D	0.14%	0.11%	0.11%
EIG	B	0.12%	0.15%	0.12%
EML	D	0.05%	0.0%	0.0%
ENS	F	0.22%	0.26%	0.22%
EPM	A	0.05%	0.02%	0.02%
EQBK	B	0.04%	0.02%	0.02%
ESCA	B	0.05%	0.0%	0.0%
ETD	C	0.16%	0.11%	0.11%
EVC	C	0.05%	0.01%	0.01%
FBIZ	B	0.02%	0.02%	0.02%
FBK	C	0.11%	0.03%	0.03%
FBMS	B	0.09%	0.08%	0.08%
FBNC	B	0.12%	0.02%	0.02%
FBP	C	0.5%	0.43%	0.43%
FCBC	C	0.09%	0.01%	0.01%
FCF	B	0.17%	0.2%	0.17%
FDBC	C	0.01%	0.0%	0.0%
FF	F	0.05%	0.01%	0.01%
FFBC	B	0.46%	0.02%	0.02%
FFIC	B	0.06%	0.05%	0.05%
FIBK	B	0.65%	0.02%	0.02%
FISI	B	0.09%	0.05%	0.05%
FLIC	B	0.05%	0.03%	0.03%
FMBH	B	0.05%	0.1%	0.05%
FMNB	B	0.04%	0.02%	0.02%
FRBA	D	0.02%	0.02%	0.02%
FRME	B	0.28%	0.11%	0.11%
FRST	B	0.03%	0.01%	0.01%
FSBC	C	0.04%	0.04%	0.04%
FSBW	C	0.03%	0.02%	0.02%
FULT	A	0.37%	0.33%	0.33%
GABC	B	0.16%	0.01%	0.01%
GBX	A	0.26%	0.33%	0.26%
GES	F	0.18%	0.09%	0.09%
GHC	B	0.17%	0.02%	0.02%
GIC	D	0.14%	0.0%	0.0%
GNTY	A	0.03%	0.01%	0.01%
GRNT	B	0.24%	0.07%	0.07%
GSBC	C	0.04%	0.07%	0.04%
GVA	A	0.23%	0.27%	0.23%
HAFC	B	0.08%	0.1%	0.08%
HBB	F	0.05%	0.02%	0.02%
HBNC	B	0.09%	0.05%	0.05%
HBT	B	0.09%	0.02%	0.02%
HCC	B	0.13%	0.64%	0.13%
HCI	C	0.04%	0.09%	0.04%
HEES	C	0.21%	0.31%	0.21%
HFWA	C	0.09%	0.03%	0.03%
HMN	B	0.15%	0.01%	0.01%
HOFT	B	0.04%	0.02%	0.02%
HONE	C	0.03%	0.02%	0.02%
HOPE	C	0.22%	0.17%	0.17%
HP	C	0.33%	0.51%	0.33%
HPK	B	0.08%	0.05%	0.05%
HRI	C	0.44%	0.88%	0.44%
HSII	B	0.15%	0.03%	0.03%
HTBK	B	0.1%	0.07%	0.07%
HTH	C	0.1%	0.06%	0.06%
HTLD	C	0.07%	0.07%	0.07%
HTLF	B	0.23%	0.14%	0.14%
HVT	D	0.08%	0.05%	0.05%
HWC	B	0.35%	0.52%	0.35%
HWKN	B	0.2%	0.21%	0.2%
HY	D	0.13%	0.07%	0.07%
IBCP	B	0.07%	0.1%	0.07%
IBOC	B	0.42%	0.48%	0.42%
IBTX	B	0.23%	0.09%	0.09%
IDCC	B	0.4%	0.77%	0.4%
IIIN	C	0.05%	0.09%	0.05%
IMKTA	C	0.06%	0.18%	0.06%
IMMR	C	0.07%	0.02%	0.02%
INBK	B	0.01%	0.02%	0.01%
INDB	B	0.29%	0.17%	0.17%
ISTR	B	0.02%	0.01%	0.01%
ITIC	A	0.08%	0.01%	0.01%
JBSS	F	0.15%	0.05%	0.05%
JWN	D	0.57%	0.35%	0.35%
KALU	C	0.26%	0.18%	0.18%
KELYA	F	0.06%	0.07%	0.06%
KFRC	D	0.14%	0.01%	0.01%
KLG	B	0.3%	0.12%	0.12%
KLIC	B	0.16%	0.08%	0.08%
KMT	B	0.27%	0.37%	0.27%
KOP	C	0.06%	0.0%	0.0%
KRNY	C	0.06%	0.01%	0.01%
KRO	C	0.34%	0.01%	0.01%
KRT	B	0.14%	0.03%	0.03%
KSS	F	0.51%	0.39%	0.39%
LAKE	B	0.04%	0.0%	0.0%
LBRT	D	0.22%	0.51%	0.22%
LCII	C	0.35%	0.37%	0.35%
LCUT	F	0.03%	0.01%	0.01%
LKFN	C	0.13%	0.03%	0.03%
LNN	B	0.1%	0.01%	0.01%
LOB	C	0.08%	0.03%	0.03%
LYTS	B	0.11%	0.03%	0.03%
LZB	B	0.16%	0.27%	0.16%
MATX	C	0.29%	0.97%	0.29%
MBIN	F	0.07%	0.1%	0.07%
MBWM	B	0.09%	0.1%	0.09%
MCBS	B	0.08%	0.05%	0.05%
MCRI	A	0.19%	0.17%	0.17%
MCS	B	0.13%	0.08%	0.08%
MCY	A	0.3%	0.08%	0.08%
MEI	F	0.04%	0.02%	0.02%
METC	C	0.08%	0.05%	0.05%
MOV	D	0.06%	0.04%	0.04%
MPX	C	0.08%	0.0%	0.0%
MRTN	D	0.1%	0.17%	0.1%
MSBI	B	0.06%	0.07%	0.06%
MWA	B	0.3%	0.01%	0.01%
MYE	F	0.08%	0.03%	0.03%
NAVI	F	0.16%	0.15%	0.15%
NBHC	C	0.13%	0.12%	0.12%
NBN	C	0.04%	0.09%	0.04%
NBTB	B	0.19%	0.09%	0.09%
NC	B	0.04%	0.01%	0.01%
NEWT	C	0.06%	0.0%	0.0%
NFBK	C	0.06%	0.05%	0.05%
NGVC	A	0.18%	0.08%	0.08%
NIC	B	0.07%	0.0%	0.0%
NNI	D	0.12%	0.08%	0.08%
NOG	B	0.53%	0.65%	0.53%
NRIM	A	0.06%	0.05%	0.05%
NUS	D	0.07%	0.03%	0.03%
NWBI	B	0.33%	0.11%	0.11%
NX	C	0.08%	0.14%	0.08%
OBK	C	0.05%	0.11%	0.05%
OBT	C	0.01%	0.01%	0.01%
OCFC	B	0.16%	0.13%	0.13%
ODC	B	0.08%	0.05%	0.05%
OFG	B	0.19%	0.26%	0.19%
OPY	B	0.04%	0.06%	0.04%
ORRF	B	0.04%	0.05%	0.04%
OSBC	A	0.04%	0.1%	0.04%
OXM	F	0.15%	0.19%	0.15%
PAHC	C	0.11%	0.08%	0.08%
PATK	C	0.38%	0.1%	0.1%
PDCO	F	0.25%	0.15%	0.15%
PEBO	B	0.23%	0.13%	0.13%
PFBC	B	0.15%	0.07%	0.07%
PFC	B	0.13%	0.12%	0.12%
PFS	B	0.34%	0.14%	0.14%
PGC	B	0.05%	0.06%	0.05%
PHIN	A	0.35%	0.38%	0.35%
PHX	A	0.03%	0.0%	0.0%
PINC	B	0.36%	0.33%	0.33%
PKOH	C	0.08%	0.03%	0.03%
PLBC	A	0.01%	0.0%	0.0%
PLPC	B	0.07%	0.02%	0.02%
POWL	C	0.35%	0.59%	0.35%
PPBI	C	0.36%	0.11%	0.11%
PRDO	B	0.26%	0.21%	0.21%
PSMT	D	0.16%	0.36%	0.16%
QCRH	B	0.06%	0.18%	0.06%
RBCAA	B	0.12%	0.07%	0.07%
RCKY	F	0.04%	0.02%	0.02%
RDUS	B	0.08%	0.07%	0.07%
REPX	A	0.16%	0.06%	0.06%
RES	D	0.12%	0.09%	0.09%
RGR	F	0.08%	0.04%	0.04%
RICK	B	0.04%	0.02%	0.02%
RM	C	0.04%	0.02%	0.02%
RNGR	A	0.09%	0.03%	0.03%
RRBI	A	0.02%	0.0%	0.0%
RYI	C	0.1%	0.12%	0.1%
SAFT	B	0.13%	0.02%	0.02%
SASR	B	0.24%	0.18%	0.18%
SBSI	C	0.12%	0.05%	0.05%
SCHL	F	0.08%	0.09%	0.08%
SCL	C	0.13%	0.17%	0.13%
SCS	C	0.21%	0.21%	0.21%
SCVL	F	0.14%	0.11%	0.11%
SD	D	0.08%	0.06%	0.06%
SFBS	C	0.24%	0.08%	0.08%
SFNC	C	0.37%	0.03%	0.03%
SGC	C	0.07%	0.03%	0.03%
SHBI	B	0.04%	0.03%	0.03%
SHEN	F	0.04%	0.02%	0.02%
SLM	A	0.35%	0.69%	0.35%
SLVM	B	0.39%	0.46%	0.39%
SMBC	B	0.04%	0.07%	0.04%
SMBK	B	0.05%	0.05%	0.05%
SMP	C	0.11%	0.08%	0.08%
SPFI	C	0.03%	0.05%	0.03%
SPTN	D	0.11%	0.1%	0.1%
SRCE	B	0.15%	0.03%	0.03%
STBA	B	0.16%	0.16%	0.16%
SWBI	C	0.1%	0.08%	0.08%
SXC	A	0.19%	0.2%	0.19%
SYBT	B	0.12%	0.09%	0.09%
TCBK	C	0.11%	0.11%	0.11%
TDS	B	0.42%	0.55%	0.42%
TEX	F	0.18%	0.52%	0.18%
THFF	B	0.09%	0.06%	0.06%
TILE	B	0.14%	0.26%	0.14%
TNC	D	0.14%	0.05%	0.05%
TOWN	B	0.23%	0.14%	0.14%
TRMK	C	0.21%	0.17%	0.17%
TRN	B	0.41%	0.38%	0.38%
TRST	B	0.08%	0.08%	0.08%
TWIN	F	0.04%	0.0%	0.0%
UCB	A	0.35%	0.03%	0.03%
UFCS	A	0.03%	0.01%	0.01%
ULH	C	0.17%	0.06%	0.06%
UMBF	B	0.29%	0.6%	0.29%
UNTY	B	0.02%	0.02%	0.02%
USLM	A	0.23%	0.04%	0.04%
UTMD	F	0.05%	0.0%	0.0%
UVE	B	0.07%	0.07%	0.07%
VBTX	B	0.15%	0.12%	0.12%
VHI	D	0.14%	0.0%	0.0%
VLGEA	C	0.08%	0.04%	0.04%
VRTS	B	0.24%	0.07%	0.07%
VSH	F	0.14%	0.34%	0.14%
WABC	B	0.18%	0.18%	0.18%
WAFD	B	0.19%	0.33%	0.19%
WASH	C	0.11%	0.07%	0.07%
WD	D	0.24%	0.33%	0.24%
WERN	C	0.15%	0.42%	0.15%
WEYS	C	0.09%	0.0%	0.0%
WGO	C	0.14%	0.19%	0.14%
WKC	C	0.19%	0.16%	0.16%
WMK	C	0.18%	0.18%	0.18%
WNC	C	0.08%	0.14%	0.08%
WOR	F	0.24%	0.15%	0.15%
WSFS	B	0.14%	0.28%	0.14%
WTBA	B	0.03%	0.02%	0.02%
WTTR	A	0.22%	0.22%	0.22%
ZEUS	C	0.05%	0.07%	0.05%

DES Overweight 258 Positions Relative to AVUV

Symbol	Grade	Weight
OGN	F	1.03%
TFSL	A	0.87%
EPR	C	0.73%
ALE	A	0.72%
CNS	B	0.71%
KNTK	A	0.71%
CCOI	B	0.66%
TPG	A	0.64%
NSA	C	0.64%
BNL	D	0.61%
SBRA	C	0.61%
TNL	A	0.61%
VCTR	B	0.6%
MC	C	0.6%
KTB	B	0.59%
BKH	A	0.59%
EPRT	B	0.58%
SLG	B	0.58%
OGS	A	0.56%
SMG	C	0.55%
CRS	B	0.51%
SR	A	0.51%
NHI	D	0.51%
NWE	B	0.5%
FHB	B	0.46%
AVNT	B	0.46%
AVA	A	0.45%
MGEE	B	0.44%
PNM	B	0.44%
VIRT	A	0.42%
VAC	C	0.42%
RUSHA	C	0.39%
SEM	B	0.37%
TGNA	B	0.37%
LEG	F	0.36%
CUZ	B	0.36%
OTTR	C	0.35%
CBU	B	0.35%
SHOO	F	0.35%
AUB	B	0.34%
IIPR	D	0.33%
WWW	A	0.33%
SXT	C	0.32%
CDP	C	0.32%
AWR	B	0.32%
UVV	B	0.31%
GFF	A	0.3%
STEP	C	0.3%
ENR	B	0.3%
NHC	C	0.29%
HNI	B	0.29%
BRC	D	0.29%
WDFC	B	0.28%
KMPR	A	0.28%
SPB	C	0.28%
WSBC	B	0.28%
WHD	B	0.28%
UPBD	B	0.28%
XRX	F	0.28%
JJSF	C	0.28%
PBI	B	0.27%
PRK	B	0.27%
ABM	B	0.27%
CSWI	B	0.26%
GEF	A	0.26%
NWN	A	0.26%
DLX	B	0.25%
PTVE	B	0.25%
BCO	F	0.25%
PIPR	A	0.24%
RRR	F	0.24%
AESI	B	0.23%
STRA	C	0.23%
SKT	A	0.23%
CPK	A	0.23%
CTRE	C	0.23%
IOSP	C	0.22%
PRIM	A	0.22%
KFY	B	0.22%
CSGS	B	0.21%
WINA	C	0.21%
SJW	F	0.2%
MAC	B	0.2%
ACA	A	0.2%
BDC	C	0.2%
CWT	C	0.2%
MGRC	B	0.2%
CXT	C	0.19%
UTL	B	0.19%
IRT	A	0.19%
AEIS	C	0.18%
MLKN	F	0.18%
KAI	B	0.18%
NPO	A	0.18%
HI	C	0.17%
BGC	C	0.17%
PRGS	A	0.17%
YOU	D	0.17%
CRAI	C	0.17%
SBCF	B	0.17%
DK	C	0.16%
CCS	D	0.16%
BLMN	F	0.16%
STC	B	0.16%
LMAT	A	0.16%
TPB	B	0.16%
SXI	B	0.16%
JBT	B	0.16%
PZZA	F	0.16%
SAH	C	0.16%
MLR	C	0.15%
PJT	A	0.15%
RNST	B	0.15%
MNRO	D	0.15%
REVG	C	0.15%
LXP	D	0.15%
AZZ	A	0.15%
KWR	C	0.14%
VSEC	C	0.14%
HL	D	0.14%
HCKT	B	0.14%
ESE	B	0.14%
PK	C	0.13%
USPH	B	0.13%
ATEN	A	0.13%
BBSI	B	0.13%
EPC	F	0.13%
GRC	A	0.13%
PCH	F	0.13%
DEI	B	0.12%
MSEX	C	0.12%
CSV	B	0.12%
CFFN	C	0.12%
UNF	B	0.12%
EMBC	C	0.12%
CWH	B	0.12%
JOE	F	0.12%
NPK	B	0.12%
LTC	B	0.12%
UTZ	D	0.12%
ALX	D	0.12%
ICFI	F	0.12%
SSTK	F	0.11%
HLIO	B	0.11%
EPAC	C	0.11%
PLOW	D	0.11%
MTX	B	0.11%
TR	B	0.11%
CTS	C	0.1%
NSSC	D	0.1%
ALG	B	0.1%
DNUT	F	0.1%
SPOK	B	0.1%
CDRE	F	0.1%
AKR	B	0.1%
FCPT	C	0.1%
UE	B	0.1%
DIN	C	0.1%
MTRN	C	0.1%
GTY	A	0.1%
HAYN	A	0.1%
CMCO	C	0.09%
SHYF	C	0.09%
NVEC	B	0.09%
JACK	C	0.09%
DBRG	F	0.09%
LGTY	C	0.09%
MATW	C	0.09%
LMNR	B	0.09%
CNMD	C	0.09%
KW	C	0.09%
EE	A	0.09%
BHRB	B	0.09%
NMRK	C	0.09%
RUSHB	C	0.08%
DRH	B	0.08%
GCMG	B	0.08%
ARKO	C	0.08%
TRAK	B	0.08%
HSTM	B	0.08%
VSTS	C	0.08%
EXPI	D	0.08%
UWMC	D	0.08%
MSB	A	0.08%
EVTC	B	0.08%
ROIC	A	0.08%
YORW	F	0.08%
NATH	C	0.08%
SHO	D	0.08%
CLB	B	0.07%
VRE	B	0.07%
JBGS	F	0.07%
MLAB	F	0.07%
XHR	B	0.07%
UMH	B	0.07%
ESRT	C	0.07%
GTN	F	0.07%
GWRS	B	0.07%
TRS	B	0.07%
AAT	B	0.07%
PKE	B	0.07%
ALEX	B	0.07%
IVT	A	0.07%
OFLX	D	0.06%
GNE	F	0.06%
ARTNA	F	0.06%
PEB	D	0.06%
RGP	F	0.06%
CMP	C	0.06%
DEA	D	0.06%
RLJ	C	0.06%
MMI	C	0.06%
CTO	B	0.05%
WTI	F	0.05%
NRC	F	0.05%
MGPI	F	0.05%
BFS	C	0.05%
SLP	D	0.05%
BSIG	A	0.05%
CSR	B	0.05%
RGCO	B	0.05%
JOUT	F	0.05%
TIPT	C	0.04%
ARC	A	0.04%
DGICA	A	0.04%
SVC	F	0.04%
SAVE	F	0.04%
RELL	B	0.04%
HURC	B	0.04%
WSR	A	0.04%
CBL	B	0.04%
HQI	B	0.04%
NTST	C	0.04%
ALCO	D	0.04%
CHCT	C	0.03%
NECB	C	0.03%
CLDT	B	0.03%
PSTL	D	0.03%
CZNC	C	0.03%
AHH	D	0.03%
BRT	A	0.03%
OLP	B	0.03%
TSQ	D	0.03%
GMRE	F	0.03%
AMRK	F	0.03%
PLYM	F	0.03%
SSBK	B	0.02%
SGA	D	0.02%
III	C	0.02%
RMR	F	0.02%
VOC	C	0.02%
LAND	F	0.02%
PKST	F	0.02%
DHC	F	0.02%
FPI	B	0.02%
MBCN	C	0.01%
PINE	C	0.01%
FNWB	C	0.0%

DES Underweight 408 Positions Relative to AVUV

Symbol	Grade	Weight
MLI	B	-0.94%
GATX	A	-0.91%
ALK	B	-0.9%
JXN	C	-0.9%
BCC	B	-0.83%
SM	B	-0.83%
SKYW	C	-0.83%
AL	B	-0.8%
CNX	A	-0.78%
CBT	D	-0.74%
MGY	A	-0.73%
R	B	-0.73%
SFM	A	-0.71%
MHO	D	-0.69%
DXC	B	-0.69%
RDN	D	-0.64%
KBH	D	-0.64%
AX	B	-0.59%
HOG	D	-0.58%
SIG	B	-0.58%
OZK	B	-0.54%
THO	B	-0.54%
AEO	F	-0.54%
MARA	B	-0.54%
M	F	-0.54%
MDU	D	-0.54%
CEIX	A	-0.53%
GT	C	-0.51%
AVT	C	-0.51%
COLB	B	-0.5%
AMR	C	-0.46%
URBN	C	-0.45%
AGO	B	-0.45%
STNG	F	-0.45%
BHF	C	-0.45%
PTEN	C	-0.43%
ANF	F	-0.42%
ONB	C	-0.42%
VSTO	A	-0.41%
SANM	B	-0.4%
AXS	A	-0.39%
HUBG	A	-0.39%
ALKS	C	-0.39%
NMIH	C	-0.39%
OII	B	-0.39%
MTG	C	-0.38%
SATS	D	-0.38%
VLY	B	-0.38%
COLM	C	-0.37%
ATKR	D	-0.37%
TPH	D	-0.37%
INSW	F	-0.36%
PLUS	F	-0.36%
TBBK	B	-0.35%
SNEX	B	-0.33%
PLXS	B	-0.32%
FNB	A	-0.31%
PII	F	-0.31%
TCBI	C	-0.31%
STRL	A	-0.3%
ESGR	B	-0.29%
SNV	C	-0.29%
KOS	D	-0.29%
ATSG	B	-0.28%
JBLU	F	-0.28%
PBF	D	-0.28%
TALO	C	-0.27%
GNW	A	-0.27%
PLAB	C	-0.27%
LPX	B	-0.27%
WTFC	A	-0.27%
HLX	B	-0.26%
FYBR	C	-0.25%
ASO	F	-0.24%
CUBI	B	-0.23%
MUR	D	-0.23%
GIII	D	-0.23%
CRK	B	-0.22%
ESNT	F	-0.22%
CMC	B	-0.22%
PFSI	C	-0.22%
CENTA	C	-0.22%
SUPN	C	-0.22%
TTMI	C	-0.22%
HHH	B	-0.22%
VC	F	-0.22%
DHT	F	-0.21%
BPOP	C	-0.21%
OMF	A	-0.21%
NTB	B	-0.21%
ALGT	B	-0.21%
UNFI	A	-0.2%
SPNT	B	-0.2%
CIVI	D	-0.2%
BXC	B	-0.2%
AAP	D	-0.2%
PAYO	A	-0.2%
LPG	F	-0.19%
TPC	C	-0.19%
SFL	D	-0.19%
OPEN	F	-0.19%
SCSC	C	-0.19%
IRDM	D	-0.19%
KRP	B	-0.18%
GLNG	C	-0.17%
HRMY	D	-0.17%
CC	C	-0.17%
SNDR	B	-0.17%
MTH	D	-0.16%
FL	F	-0.16%
PRG	C	-0.16%
DIOD	D	-0.16%
USM	B	-0.16%
DOLE	D	-0.16%
JELD	F	-0.15%
PLYA	B	-0.15%
OEC	C	-0.15%
FDP	B	-0.15%
PVH	C	-0.14%
UAA	C	-0.14%
ODP	F	-0.14%
PARR	F	-0.14%
PTGX	D	-0.14%
LC	A	-0.14%
MRC	B	-0.14%
AM	A	-0.14%
GNK	D	-0.13%
STNE	F	-0.13%
BJRI	C	-0.13%
AXL	C	-0.13%
PUMP	C	-0.13%
PLMR	A	-0.12%
AMPH	F	-0.12%
INVA	D	-0.12%
MBUU	B	-0.12%
CARS	C	-0.12%
MTDR	B	-0.12%
DAKT	C	-0.11%
MTUS	C	-0.11%
EBS	C	-0.11%
RIG	D	-0.11%
ACT	C	-0.11%
GAP	C	-0.11%
SGHC	A	-0.11%
WAL	B	-0.11%
NBR	C	-0.11%
DNOW	B	-0.11%
SNCY	C	-0.1%
REX	D	-0.1%
PAGS	F	-0.1%
NR	B	-0.1%
TMHC	C	-0.1%
VTOL	B	-0.1%
UVSP	B	-0.1%
RYAM	C	-0.1%
AMRC	F	-0.1%
CLW	F	-0.09%
MATV	D	-0.09%
FOR	F	-0.09%
THG	A	-0.09%
TROX	D	-0.09%
UTI	B	-0.09%
ZION	B	-0.09%
ASC	F	-0.09%
CLVT	D	-0.08%
BFST	C	-0.08%
HOV	D	-0.08%
TGLS	B	-0.08%
ENLC	A	-0.08%
MCB	B	-0.08%
CHX	C	-0.08%
BBW	C	-0.08%
NTGR	B	-0.08%
NAT	F	-0.08%
GLDD	B	-0.08%
ALIT	C	-0.08%
CFB	B	-0.08%
AMKR	D	-0.07%
SEB	F	-0.07%
LOVE	A	-0.07%
LMB	B	-0.07%
SKWD	A	-0.07%
CMRE	C	-0.07%
UFPI	C	-0.07%
LXU	B	-0.07%
AMBC	C	-0.06%
CCB	A	-0.06%
IESC	C	-0.06%
CCRN	F	-0.06%
ESQ	B	-0.06%
OSCR	D	-0.06%
UA	C	-0.06%
DDS	B	-0.06%
HTBI	B	-0.06%
VTLE	C	-0.06%
LXFR	C	-0.05%
SIGA	F	-0.05%
KE	C	-0.05%
BVS	D	-0.05%
APEI	B	-0.05%
USNA	C	-0.05%
VSAT	F	-0.05%
SB	F	-0.05%
ARHS	F	-0.05%
GDOT	D	-0.05%
THRM	F	-0.05%
MCFT	C	-0.05%
GPOR	B	-0.05%
OSUR	F	-0.05%
CVEO	F	-0.05%
WTM	A	-0.05%
FG	A	-0.05%
BKD	F	-0.05%
SBLK	F	-0.05%
NWPX	A	-0.05%
USAP	B	-0.05%
GDEN	B	-0.05%
HRTG	C	-0.04%
FNKO	D	-0.04%
CARE	C	-0.04%
VIRC	B	-0.04%
CENT	C	-0.04%
CCBG	B	-0.04%
AMCX	C	-0.04%
LRN	A	-0.04%
GCO	C	-0.04%
ZIMV	D	-0.04%
HNRG	B	-0.04%
HTZ	C	-0.04%
MPB	B	-0.04%
CLF	F	-0.04%
ASH	F	-0.04%
RBB	B	-0.04%
TWI	F	-0.04%
DXLG	D	-0.03%
ACIC	B	-0.03%
XPRO	D	-0.03%
ORN	B	-0.03%
TMP	B	-0.03%
MED	D	-0.03%
CNDT	C	-0.03%
FLXS	B	-0.03%
NATR	C	-0.03%
IPI	C	-0.03%
CENX	B	-0.03%
GPRE	F	-0.03%
EZPW	B	-0.03%
WRLD	C	-0.03%
GRBK	D	-0.03%
LE	D	-0.03%
AOSL	C	-0.03%
CRCT	F	-0.03%
MOFG	B	-0.03%
VPG	F	-0.03%
TH	C	-0.03%
PANL	F	-0.03%
AMPY	C	-0.03%
GLRE	B	-0.03%
FLWS	D	-0.03%
JAKK	C	-0.03%
GHM	A	-0.02%
PBYI	C	-0.02%
VRA	C	-0.02%
PUBM	C	-0.02%
HBCP	C	-0.02%
LEGH	D	-0.02%
FSTR	B	-0.02%
ESOA	B	-0.02%
IMXI	B	-0.02%
OIS	B	-0.02%
CMA	B	-0.02%
HIFS	C	-0.02%
MNTK	F	-0.02%
CMT	C	-0.02%
LEA	F	-0.02%
ANIP	F	-0.02%
ACDC	B	-0.02%
KODK	B	-0.02%
TCBX	B	-0.02%
MERC	F	-0.02%
FFWM	C	-0.02%
SFST	B	-0.02%
PRA	C	-0.02%
FIVE	F	-0.02%
WLFC	B	-0.02%
NEU	D	-0.02%
SWIM	C	-0.02%
FIGS	F	-0.02%
REI	D	-0.02%
TTI	B	-0.02%
TBI	F	-0.02%
HDSN	F	-0.02%
ACNB	B	-0.02%
BWB	B	-0.02%
UBFO	A	-0.01%
MTRX	B	-0.01%
PWOD	A	-0.01%
VNDA	C	-0.01%
COFS	A	-0.01%
TSBK	A	-0.01%
KEQU	B	-0.01%
SONO	C	-0.01%
KNF	B	-0.01%
LSEA	D	-0.01%
KLXE	C	-0.01%
OPBK	B	-0.01%
BWFG	B	-0.01%
LFVN	C	-0.01%
JRVR	F	-0.01%
LWAY	C	-0.01%
MPAA	B	-0.01%
ATLC	A	-0.01%
IBEX	B	-0.01%
LNTH	D	-0.01%
FUNC	B	-0.01%
CBAN	B	-0.01%
BCML	B	-0.01%
APLD	B	-0.01%
METCB	F	-0.01%
VEL	A	-0.01%
ACTG	D	-0.01%
PKBK	A	-0.01%
FLL	C	-0.01%
LTH	C	-0.01%
GEOS	B	-0.01%
TTSH	F	-0.01%
HMST	F	-0.01%
EBTC	C	-0.01%
MFIN	B	-0.01%
NGS	B	-0.01%
SRI	F	-0.01%
EVBN	B	-0.01%
PCB	B	-0.01%
BELFA	D	-0.01%
CVGI	F	-0.01%
RLGT	B	-0.01%
WSBF	C	-0.01%
NNBR	C	-0.01%
MVBF	C	-0.01%
MYRG	B	-0.01%
MTW	C	-0.01%
TAYD	D	-0.01%
SF	B	-0.01%
AVO	C	-0.01%
UEIC	B	-0.01%
BCBP	B	-0.01%
TG	D	-0.01%
RMAX	C	-0.01%
MEC	F	-0.01%
CPHC	C	-0.0%
AVNW	F	-0.0%
VREX	B	-0.0%
MRBK	A	-0.0%
NKSH	C	-0.0%
SRTS	B	-0.0%
MNSB	C	-0.0%
WNEB	A	-0.0%
KVHI	B	-0.0%
ECPG	C	-0.0%
FGBI	A	-0.0%
IPGP	D	-0.0%
MYFW	B	-0.0%
ATLO	C	-0.0%
VABK	B	-0.0%
CNTY	B	-0.0%
PVBC	B	-0.0%
AOUT	B	-0.0%
WOW	C	-0.0%
PDEX	C	-0.0%
BCAL	B	-0.0%
PCRX	C	-0.0%
OB	B	-0.0%
MYPS	C	-0.0%
LPRO	B	-0.0%
ZUMZ	B	-0.0%
DLTH	D	-0.0%
UFI	D	-0.0%
SPWH	F	-0.0%
NWFL	C	-0.0%
TBNK	B	-0.0%
CZFS	B	-0.0%
FVCB	B	-0.0%
CRD.B	D	-0.0%
CHMG	B	-0.0%
QUAD	C	-0.0%
FONR	D	-0.0%
EPSN	B	-0.0%
CCRD	B	-0.0%
PFIS	A	-0.0%
KINS	B	-0.0%
CFFI	A	-0.0%
PEBK	B	-0.0%
CBFV	A	-0.0%
RVSB	B	-0.0%
OVLY	B	-0.0%
BOOM	F	-0.0%
HWBK	B	-0.0%
FNLC	C	-0.0%
PNRG	A	-0.0%
PYXS	D	-0.0%
FET	F	-0.0%
CPSS	B	-0.0%
FRAF	A	-0.0%
BFIN	B	-0.0%
SEG	B	-0.0%
XBIT	F	-0.0%
OLPX	D	-0.0%
STKS	F	-0.0%