DFAT vs. HWAY ETF Comparison

Comparison of Dimensional U.S. Targeted Value ETF (DFAT) to Themes US Infrastructure ETF (HWAY)

DFAT

Dimensional U.S. Targeted Value ETF

DFAT Description

The investment seeks to achieve long-term capital appreciation while minimizing federal income taxes on returns. As a non-fundamental policy, under normal circumstances, the fund will invest at least 80% of its net assets in securities of U.S. companies. The fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Grade (RS Rating)

Last Trade

$58.97

Average Daily Volume

230,550

Number of Holdings ^*

1388

* may have additional holdings in another (foreign) market

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.65

Average Daily Volume

436

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFAT	HWAY
30 Days	5.47%	5.76%
60 Days	9.59%	13.35%
90 Days	10.33%
12 Months	28.42%

46 Overlapping Holdings

Symbol	Grade	Weight in DFAT	Weight in HWAY	Overlap
AA	C	0.32%	0.78%	0.32%
ACA	B	0.26%	0.38%	0.26%
AGCO	F	0.37%	0.44%	0.37%
AGX	B	0.04%	0.14%	0.04%
ALG	B	0.16%	0.13%	0.13%
APOG	B	0.1%	0.13%	0.1%
ATKR	D	0.03%	0.26%	0.03%
AZZ	B	0.05%	0.16%	0.05%
BCC	B	0.35%	0.38%	0.35%
BXC	B	0.07%	0.08%	0.07%
CENX	B	0.02%	0.08%	0.02%
CLF	D	0.31%	0.44%	0.31%
CMC	B	0.44%	0.54%	0.44%
CRS	B	0.21%	0.63%	0.21%
CVCO	B	0.21%	0.22%	0.21%
DNOW	B	0.11%	0.11%	0.11%
GBX	A	0.15%	0.14%	0.14%
GLDD	C	0.05%	0.03%	0.03%
GVA	B	0.21%	0.31%	0.21%
HEES	B	0.01%	0.14%	0.01%
HLIO	B	0.05%	0.13%	0.05%
HRI	B	0.09%	0.43%	0.09%
JBI	F	0.02%	0.07%	0.02%
KALU	B	0.06%	0.1%	0.06%
KNF	C	0.0%	0.39%	0.0%
LNN	C	0.01%	0.1%	0.01%
MDU	F	0.07%	0.25%	0.07%
MLI	B	0.45%	0.79%	0.45%
MRC	B	0.06%	0.08%	0.06%
MSM	B	0.04%	0.29%	0.04%
MYRG	B	0.03%	0.17%	0.03%
NPO	B	0.18%	0.24%	0.18%
NVEE	C	0.08%	0.1%	0.08%
NVRI	F	0.03%	0.02%	0.02%
OC	A	0.06%	1.16%	0.06%
OSK	B	0.16%	0.54%	0.16%
R	A	0.29%	0.52%	0.29%
ROCK	C	0.12%	0.16%	0.12%
SUM	C	0.0%	0.44%	0.0%
TEX	D	0.17%	0.27%	0.17%
TPC	C	0.06%	0.07%	0.06%
TRN	B	0.21%	0.22%	0.21%
UFPI	B	0.17%	0.6%	0.17%
WCC	B	0.51%	0.66%	0.51%
WS	B	0.09%	0.11%	0.09%
X	C	0.45%	0.68%	0.45%

DFAT Overweight 1342 Positions Relative to HWAY

Symbol	Grade	Weight
UNM	A	0.66%
TMHC	C	0.58%
SNX	C	0.57%
JXN	B	0.55%
LAD	B	0.53%
KNX	B	0.52%
ALLY	C	0.52%
MHK	D	0.51%
FHN	A	0.48%
ARW	F	0.47%
OVV	C	0.47%
MOS	D	0.46%
WBS	A	0.44%
BWA	B	0.43%
CMA	A	0.43%
AXS	A	0.43%
JLL	C	0.43%
AR	B	0.42%
PNFP	B	0.42%
IVZ	C	0.42%
ZION	B	0.41%
TWLO	A	0.41%
SSB	B	0.41%
WTFC	B	0.41%
SKYW	B	0.4%
POST	D	0.4%
PB	B	0.39%
INGR	B	0.39%
TAP	B	0.39%
AVT	C	0.38%
DINO	D	0.38%
MTG	C	0.38%
CNX	B	0.38%
JHG	B	0.37%
BPOP	C	0.37%
PVH	C	0.37%
MTDR	C	0.36%
FYBR	D	0.36%
GPI	A	0.36%
SOFI	B	0.35%
SJM	F	0.35%
ALK	A	0.35%
COHR	B	0.35%
ORI	A	0.35%
ONB	B	0.34%
SNV	B	0.34%
CADE	B	0.34%
AGO	B	0.34%
FAF	C	0.34%
BIO	C	0.33%
OZK	B	0.33%
THO	B	0.32%
GAP	B	0.32%
BOKF	B	0.32%
AL	B	0.31%
JEF	A	0.31%
RRX	C	0.31%
FNB	A	0.31%
NOV	C	0.31%
NXST	C	0.31%
DTM	B	0.31%
PAG	B	0.31%
TPH	D	0.3%
WTM	A	0.3%
GTES	B	0.3%
ESNT	D	0.3%
SANM	B	0.3%
IBOC	B	0.3%
ITGR	B	0.29%
UBSI	B	0.29%
ABCB	B	0.29%
MUR	F	0.29%
SM	C	0.29%
RUSHA	B	0.28%
AN	C	0.28%
LEA	F	0.28%
PLXS	C	0.28%
LRN	B	0.27%
OLN	D	0.27%
ASB	B	0.27%
CHRD	F	0.27%
ABG	B	0.27%
AEO	F	0.27%
TCBI	B	0.27%
HWC	B	0.26%
AX	B	0.26%
SIG	B	0.26%
ABM	B	0.26%
DNB	B	0.25%
BERY	C	0.25%
ESGR	C	0.25%
ATGE	B	0.25%
ASH	F	0.25%
CNO	B	0.25%
GHC	B	0.24%
OMF	A	0.24%
FBP	B	0.24%
UHAL	C	0.24%
HOMB	A	0.23%
FULT	B	0.23%
HUN	F	0.23%
IPG	F	0.23%
KFY	B	0.23%
PFSI	D	0.23%
HOG	F	0.23%
HL	D	0.23%
CEIX	B	0.23%
CALM	B	0.23%
NNI	C	0.22%
PBF	F	0.22%
LBRDK	C	0.22%
M	D	0.22%
PR	C	0.22%
CACI	C	0.22%
FLEX	B	0.22%
AUB	B	0.22%
HHH	B	0.22%
STNG	F	0.22%
PRIM	B	0.22%
TDS	B	0.21%
CCS	F	0.21%
MATX	A	0.21%
WSFS	B	0.21%
ELAN	D	0.21%
HUBG	A	0.21%
ASO	F	0.21%
BTU	B	0.21%
URBN	C	0.21%
CATY	B	0.21%
GNW	B	0.21%
GMS	B	0.21%
MCY	B	0.2%
PBH	A	0.2%
SF	B	0.2%
WAL	B	0.2%
CRC	B	0.2%
RIG	D	0.2%
CNH	D	0.2%
DAR	B	0.2%
ESE	B	0.19%
RDN	C	0.19%
KMPR	A	0.19%
HP	C	0.19%
LBRT	F	0.19%
VOYA	B	0.19%
DXC	B	0.19%
BC	C	0.19%
VTRS	B	0.19%
VLY	B	0.19%
TTMI	B	0.18%
CRK	B	0.18%
ENVA	B	0.18%
MTX	B	0.18%
UCB	B	0.18%
PRGO	C	0.18%
UNF	B	0.18%
IOSP	B	0.18%
NMIH	C	0.18%
AMR	C	0.18%
GL	B	0.18%
AMKR	F	0.17%
INSW	F	0.17%
TGNA	B	0.17%
APA	F	0.17%
PATK	D	0.17%
FHB	B	0.17%
COOP	B	0.17%
AROC	B	0.17%
WAFD	B	0.17%
BHF	B	0.16%
VSTO	A	0.16%
B	A	0.16%
FIBK	B	0.16%
TRMK	B	0.16%
VCYT	B	0.16%
ARCH	B	0.16%
REZI	A	0.16%
SON	D	0.16%
FFBC	B	0.16%
CWK	B	0.16%
NVST	C	0.16%
BFH	B	0.16%
BEN	C	0.16%
MTH	D	0.16%
SPB	B	0.16%
KEX	B	0.15%
LGIH	F	0.15%
BRBR	A	0.15%
HTLF	B	0.15%
SNDR	B	0.15%
ACIW	B	0.15%
ST	F	0.15%
DORM	B	0.15%
SNEX	B	0.15%
NWL	B	0.15%
AIR	C	0.15%
MAN	F	0.15%
SFNC	B	0.15%
WERN	B	0.14%
ARCB	C	0.14%
FRME	B	0.14%
IP	C	0.14%
SMPL	B	0.14%
NBTB	B	0.14%
RUN	F	0.14%
THS	F	0.14%
AVNT	B	0.14%
KBH	D	0.14%
PFGC	B	0.14%
PFS	B	0.14%
WD	D	0.14%
BKU	B	0.14%
ESI	B	0.14%
TOWN	B	0.14%
MHO	D	0.14%
DIOD	F	0.14%
ALIT	B	0.14%
VAC	B	0.14%
EPC	F	0.14%
LCII	C	0.14%
STC	C	0.14%
NWBI	B	0.14%
PSMT	C	0.14%
RNST	B	0.14%
VSH	F	0.14%
EMN	D	0.14%
AZTA	F	0.14%
USM	C	0.14%
BANR	B	0.14%
PLUS	F	0.14%
PRDO	B	0.13%
WGO	B	0.13%
SEM	B	0.13%
FUL	F	0.13%
CLVT	F	0.13%
GT	C	0.13%
IBTX	B	0.13%
KN	B	0.13%
ENOV	C	0.13%
FCF	B	0.13%
MTRN	B	0.13%
CERT	F	0.13%
CDE	D	0.13%
DHT	D	0.13%
WSBC	B	0.13%
INDB	B	0.13%
CASH	B	0.13%
SEB	D	0.13%
NAVI	D	0.13%
CNXN	C	0.13%
WMK	B	0.13%
CVBF	B	0.13%
KMT	B	0.13%
OFG	B	0.13%
PPC	B	0.13%
NOG	B	0.13%
BRC	A	0.12%
ANDE	D	0.12%
FBK	B	0.12%
LAUR	B	0.12%
UMBF	B	0.12%
SFL	F	0.12%
JBLU	C	0.12%
BHE	C	0.12%
CBU	B	0.12%
JAZZ	B	0.12%
STRA	C	0.12%
ENS	D	0.12%
MGY	B	0.12%
LZB	C	0.12%
USFD	A	0.12%
BG	D	0.12%
ICFI	C	0.12%
HMN	B	0.12%
FL	F	0.12%
EFSC	B	0.12%
PPBI	B	0.12%
FDP	B	0.12%
KAR	B	0.12%
WKC	D	0.12%
GEF	A	0.11%
CENTA	C	0.11%
LGND	B	0.11%
NMRK	B	0.11%
XRAY	F	0.11%
LILAK	F	0.11%
ZD	B	0.11%
SUPN	B	0.11%
EBC	B	0.11%
HLX	D	0.11%
WOR	F	0.11%
CPA	B	0.11%
ASGN	C	0.11%
PHIN	B	0.11%
AMWD	B	0.11%
G	B	0.11%
TROX	F	0.11%
OSIS	B	0.1%
MRCY	B	0.1%
INVA	B	0.1%
MODG	F	0.1%
SPNT	C	0.1%
AGM	B	0.1%
ARMK	B	0.1%
ACHC	F	0.1%
CMRE	C	0.1%
SWI	B	0.1%
RRC	B	0.1%
UCTT	F	0.1%
NHC	B	0.1%
GIII	D	0.1%
UVV	B	0.1%
AAP	D	0.1%
HAYW	C	0.1%
UAA	B	0.1%
GPK	D	0.1%
KSS	F	0.1%
GATX	A	0.1%
PINC	A	0.1%
BANC	B	0.09%
TFIN	B	0.09%
AGIO	B	0.09%
LKQ	D	0.09%
ADTN	B	0.09%
COLB	B	0.09%
PLAB	C	0.09%
LPG	F	0.09%
UA	B	0.09%
ADNT	D	0.09%
CUBI	B	0.09%
SLGN	A	0.09%
MLKN	D	0.09%
OI	D	0.09%
SBCF	B	0.09%
NTCT	B	0.09%
EIG	A	0.09%
SAH	B	0.09%
MRTN	B	0.09%
VRTS	B	0.09%
MAT	C	0.09%
QCRH	B	0.09%
NBHC	B	0.09%
FBNC	B	0.09%
SRCE	B	0.09%
KTOS	B	0.09%
PDCO	F	0.09%
MGNI	A	0.09%
ADUS	D	0.08%
ATSG	A	0.08%
WTTR	B	0.08%
SASR	A	0.08%
MIR	C	0.08%
KLIC	C	0.08%
BDC	C	0.08%
BHLB	B	0.08%
KWR	C	0.08%
TKR	F	0.08%
UPBD	B	0.08%
TALO	C	0.08%
SCSC	B	0.08%
STBA	B	0.08%
MSGE	F	0.08%
FOR	F	0.08%
LC	B	0.08%
BUSE	B	0.08%
LTH	D	0.08%
HOPE	B	0.08%
IART	D	0.08%
SCL	C	0.08%
HCC	C	0.08%
ICUI	D	0.08%
ROG	D	0.08%
COTY	F	0.08%
CTS	B	0.08%
SAM	B	0.07%
NIC	B	0.07%
EVH	F	0.07%
HI	C	0.07%
SXC	B	0.07%
DDS	C	0.07%
ESAB	B	0.07%
VSEC	B	0.07%
SCS	C	0.07%
DK	D	0.07%
CABO	B	0.07%
IMKTA	B	0.07%
XRX	F	0.07%
CIVI	F	0.07%
VECO	F	0.07%
SCVL	D	0.07%
MGRC	B	0.07%
COHU	C	0.07%
CNXC	F	0.07%
SGRY	F	0.07%
CAL	D	0.07%
HTH	B	0.07%
SAFT	B	0.07%
VBTX	B	0.07%
NEOG	F	0.07%
AMED	F	0.07%
MMI	B	0.07%
GPOR	B	0.07%
GTLS	A	0.07%
ECPG	B	0.07%
TCBK	B	0.07%
JBT	A	0.06%
BELFB	C	0.06%
REX	C	0.06%
ORA	C	0.06%
VAL	F	0.06%
PEBO	B	0.06%
BV	B	0.06%
AIN	D	0.06%
TRIP	D	0.06%
PFBC	B	0.06%
GES	F	0.06%
OXM	D	0.06%
NTB	B	0.06%
UNFI	C	0.06%
VC	D	0.06%
JNPR	D	0.06%
CVI	F	0.06%
DGII	B	0.06%
ODP	F	0.06%
WHR	B	0.06%
TDW	F	0.06%
GO	C	0.06%
RAMP	C	0.06%
CRI	D	0.06%
RES	F	0.06%
CTBI	B	0.06%
PLYA	B	0.06%
WLFC	B	0.06%
XPRO	F	0.06%
SXT	B	0.06%
DAN	D	0.06%
IPGP	C	0.06%
SLVM	C	0.05%
AXL	C	0.05%
CSTL	C	0.05%
CARS	B	0.05%
TMP	B	0.05%
AVNS	F	0.05%
GSBC	B	0.05%
ACT	C	0.05%
CPRI	F	0.05%
PFC	B	0.05%
UVSP	B	0.05%
NAPA	A	0.05%
LOB	C	0.05%
LIVN	C	0.05%
BY	B	0.05%
EYE	D	0.05%
FBMS	B	0.05%
EZPW	B	0.05%
ICHR	C	0.05%
ASTE	B	0.05%
CNOB	B	0.05%
SWBI	D	0.05%
PUMP	D	0.05%
DXPE	B	0.05%
HURN	B	0.05%
GNK	D	0.05%
ETD	D	0.05%
FSLY	D	0.05%
HTLD	C	0.05%
SMP	B	0.05%
HSTM	A	0.05%
SONO	C	0.05%
THR	D	0.05%
ALGT	B	0.05%
ECVT	C	0.05%
SPTN	F	0.05%
DVAX	B	0.05%
SXI	B	0.05%
HSII	B	0.05%
OMI	F	0.05%
AMRK	F	0.05%
KOS	F	0.05%
DCOM	B	0.05%
NX	C	0.05%
MD	C	0.05%
VTOL	B	0.05%
CMCO	B	0.05%
AMAL	B	0.05%
KW	C	0.05%
FA	D	0.05%
SCHL	D	0.05%
RIOT	B	0.05%
AHCO	D	0.05%
BJRI	B	0.05%
HNI	B	0.05%
PRK	B	0.05%
AOSL	F	0.05%
OCFC	B	0.05%
TILE	B	0.05%
MBIN	D	0.05%
TRS	C	0.05%
JELD	F	0.05%
DCO	B	0.05%
CRGY	B	0.05%
RUSHB	B	0.05%
GRBK	D	0.05%
RNR	D	0.05%
BGS	F	0.04%
PII	F	0.04%
SNCY	B	0.04%
DNUT	D	0.04%
HAFC	B	0.04%
VFC	C	0.04%
OEC	D	0.04%
THRM	F	0.04%
BKD	F	0.04%
KOP	C	0.04%
MBWM	B	0.04%
SBSI	B	0.04%
MSBI	B	0.04%
HBNC	B	0.04%
ETWO	D	0.04%
CCBG	B	0.04%
IBCP	B	0.04%
PRA	B	0.04%
RPAY	C	0.04%
OMCL	C	0.04%
VTLE	C	0.04%
RYI	B	0.04%
TDOC	C	0.04%
NR	C	0.04%
HZO	F	0.04%
OSBC	A	0.04%
TIPT	B	0.04%
KELYA	F	0.04%
DV	C	0.04%
NEO	B	0.04%
FCBC	B	0.04%
EGBN	B	0.04%
SW	C	0.04%
BZH	D	0.04%
MATW	C	0.04%
NAT	F	0.04%
ASC	F	0.04%
FLGT	F	0.04%
DAKT	B	0.04%
PRAA	B	0.04%
HOV	F	0.04%
CNDT	B	0.04%
BMBL	C	0.04%
KRO	D	0.04%
ASIX	B	0.04%
PCRX	D	0.04%
CPF	B	0.04%
MNRO	B	0.04%
GRC	B	0.04%
HFWA	B	0.04%
EQBK	B	0.04%
CFFN	B	0.04%
WNC	C	0.04%
HELE	C	0.04%
MATV	F	0.04%
MTUS	C	0.04%
PRLB	B	0.04%
NTGR	B	0.04%
HAYN	A	0.04%
MLR	C	0.04%
VIAV	B	0.04%
VRNT	D	0.04%
MBUU	C	0.04%
BRKL	B	0.04%
YELP	C	0.04%
GABC	A	0.04%
BECN	B	0.04%
TRST	B	0.04%
USNA	C	0.03%
GLRE	B	0.03%
CVGW	C	0.03%
AMTB	B	0.03%
CLW	F	0.03%
CENT	C	0.03%
OSW	A	0.03%
MERC	F	0.03%
GTN	F	0.03%
ANIP	C	0.03%
TRC	F	0.03%
SKX	F	0.03%
AORT	C	0.03%
MP	C	0.03%
GDOT	C	0.03%
KE	C	0.03%
CHCO	B	0.03%
AIZ	A	0.03%
IIIN	D	0.03%
ATLC	A	0.03%
NFBK	B	0.03%
RBBN	B	0.03%
ACCO	B	0.03%
SHEN	F	0.03%
CALX	F	0.03%
THFF	B	0.03%
NGVT	B	0.03%
BAND	C	0.03%
LOCO	C	0.03%
HAIN	F	0.03%
CHEF	B	0.03%
RDUS	C	0.03%
NPK	B	0.03%
HONE	B	0.03%
CSV	C	0.03%
OLO	B	0.03%
EBF	D	0.03%
FWRG	B	0.03%
NBN	B	0.03%
VREX	C	0.03%
CFB	B	0.03%
SBH	C	0.03%
DOLE	C	0.03%
LEG	F	0.03%
FMBH	B	0.03%
NJR	A	0.03%
HCSG	B	0.03%
PGC	A	0.03%
MCS	B	0.03%
HTBK	A	0.03%
OBK	B	0.03%
CAC	B	0.03%
EWBC	B	0.03%
NWPX	B	0.03%
RYAM	B	0.03%
LBRDA	C	0.03%
AMBC	C	0.03%
GXO	B	0.03%
DLX	A	0.03%
CZR	F	0.03%
RBCAA	B	0.03%
PLPC	B	0.03%
UVE	B	0.03%
CLNE	C	0.03%
HGV	B	0.03%
REVG	B	0.03%
IAS	D	0.03%
RICK	B	0.02%
MPB	B	0.02%
FNLC	B	0.02%
QTRX	D	0.02%
MCFT	B	0.02%
HOFT	B	0.02%
RLAY	F	0.02%
TCMD	B	0.02%
CLSK	C	0.02%
SPFI	B	0.02%
DFH	F	0.02%
AMPY	D	0.02%
RM	D	0.02%
ATRO	F	0.02%
EGY	F	0.02%
METC	C	0.02%
FFNW	D	0.02%
AMG	B	0.02%
CCRN	F	0.02%
AMPS	C	0.02%
CIVB	B	0.02%
MTW	C	0.02%
MTRX	B	0.02%
MYE	F	0.02%
BHRB	B	0.02%
THRY	F	0.02%
WSBF	C	0.02%
TFSL	A	0.02%
BOH	B	0.02%
BFST	B	0.02%
TITN	D	0.02%
JOUT	F	0.02%
CLBK	B	0.02%
FFWM	B	0.02%
CGEM	F	0.02%
ATNI	F	0.02%
RGNX	D	0.02%
ALV	C	0.02%
RBB	B	0.02%
MOV	C	0.02%
PACK	B	0.02%
VSTS	D	0.02%
PYCR	B	0.02%
WEYS	B	0.02%
JAKK	C	0.02%
WABC	B	0.02%
DJCO	B	0.02%
TRUE	B	0.02%
ITOS	F	0.02%
CNMD	C	0.02%
ONEW	C	0.02%
LE	B	0.02%
TWI	F	0.02%
RLGT	C	0.02%
FARO	B	0.02%
ANET	C	0.02%
SEG	F	0.02%
NGS	B	0.02%
HRTG	D	0.02%
CEVA	B	0.02%
SENEA	B	0.02%
NRIM	A	0.02%
RGP	D	0.02%
VPG	F	0.02%
GCI	D	0.02%
WLDN	C	0.02%
HDSN	F	0.02%
FBIZ	B	0.02%
AMRC	F	0.02%
WTBA	B	0.02%
FLWS	C	0.02%
WASH	B	0.02%
NBR	C	0.02%
GNE	F	0.02%
PLOW	D	0.02%
GEF	A	0.02%
VLGEA	B	0.02%
MEC	D	0.02%
SMBK	B	0.02%
OSUR	F	0.02%
PAHC	B	0.02%
SYBT	B	0.02%
BBW	C	0.02%
IPI	B	0.02%
UNTY	B	0.02%
CARE	B	0.02%
CCNE	B	0.02%
ITIC	A	0.02%
HNRG	B	0.02%
FISI	B	0.02%
FFIC	B	0.02%
DSGR	B	0.02%
AROW	B	0.02%
FNKO	D	0.02%
GPRE	F	0.02%
MITK	C	0.02%
UTI	A	0.02%
CAG	F	0.02%
TBI	F	0.02%
FIGS	F	0.02%
GCO	B	0.02%
SIRI	D	0.02%
LYTS	B	0.02%
FLXS	C	0.02%
DGICA	A	0.02%
ULH	B	0.02%
PTVE	C	0.02%
HCAT	B	0.02%
AVO	B	0.02%
USAP	C	0.02%
VMEO	B	0.02%
AMN	F	0.02%
LGF.A	F	0.02%
LILA	F	0.02%
HWKN	C	0.02%
VIR	C	0.02%
ZEUS	C	0.02%
GDYN	B	0.02%
MOFG	B	0.02%
KRNY	B	0.02%
PRM	C	0.02%
PUBM	C	0.02%
SHBI	B	0.02%
ODC	C	0.02%
BSRR	B	0.02%
BRY	F	0.02%
ZUMZ	C	0.02%
MCB	B	0.02%
HVT	F	0.02%
BOC	C	0.02%
CECO	D	0.02%
HY	F	0.02%
SYNA	D	0.02%
WRLD	C	0.02%
ORRF	B	0.02%
SMBC	B	0.02%
UFCS	A	0.02%
NGVC	B	0.02%
GBCI	B	0.02%
MGPI	F	0.02%
OPEN	F	0.02%
BHB	B	0.02%
FRPH	B	0.02%
LOVE	B	0.02%
HBT	B	0.01%
CPS	B	0.01%
FONR	D	0.01%
TTGT	B	0.01%
FRD	F	0.01%
GPRO	D	0.01%
DLTH	F	0.01%
HWBK	B	0.01%
ALTO	F	0.01%
CATO	C	0.01%
SAVE	F	0.01%
LTRX	F	0.01%
NATH	C	0.01%
EPSN	C	0.01%
RGR	F	0.01%
AXR	B	0.01%
SRCL	B	0.01%
GEOS	B	0.01%
CLFD	F	0.01%
MPAA	C	0.01%
GDEN	B	0.01%
UEIC	B	0.01%
SPOK	B	0.01%
PNRG	B	0.01%
IMMR	F	0.01%
CIFR	B	0.01%
JRVR	F	0.01%
WOW	B	0.01%
CZWI	A	0.01%
GRWG	F	0.01%
ELMD	B	0.01%
HBIO	F	0.01%
ALTG	C	0.01%
UFI	F	0.01%
NTIC	C	0.01%
AE	B	0.01%
GRNT	B	0.01%
SMLR	B	0.01%
MLNK	C	0.01%
UBFO	A	0.01%
PPIH	B	0.01%
ESQ	B	0.01%
CBNK	B	0.01%
TNC	F	0.01%
CHMG	A	0.01%
AOUT	C	0.01%
NECB	B	0.01%
PARA	C	0.01%
ISTR	B	0.01%
MCBS	B	0.01%
ACLS	F	0.01%
AVNW	F	0.01%
PHX	D	0.01%
BALY	A	0.01%
TASK	B	0.01%
NNBR	D	0.01%
LCUT	F	0.01%
NUVB	B	0.01%
CYRX	D	0.01%
NATR	B	0.01%
FNWB	D	0.01%
TR	C	0.01%
PCB	B	0.01%
LASR	D	0.01%
BELFA	C	0.01%
ACCD	F	0.01%
REPX	B	0.01%
AMPH	C	0.01%
ARCT	F	0.01%
BBCP	D	0.01%
EHTH	C	0.01%
VYX	B	0.01%
ULBI	F	0.01%
EVBN	B	0.01%
TWIN	D	0.01%
OPBK	A	0.01%
PFIS	B	0.01%
IVAC	F	0.01%
AESI	C	0.01%
STRS	D	0.01%
MG	D	0.01%
ARKO	C	0.01%
BWFG	A	0.01%
MCRI	A	0.01%
BFIN	A	0.01%
III	C	0.01%
CLAR	C	0.01%
ALLO	D	0.01%
REYN	D	0.01%
CRBU	D	0.01%
GSM	F	0.01%
TTSH	B	0.01%
HII	D	0.01%
SSP	F	0.01%
KEY	B	0.01%
VRA	C	0.01%
HURC	B	0.01%
ASUR	B	0.01%
RNA	B	0.01%
RVSB	B	0.01%
TLYS	F	0.01%
STRT	B	0.01%
OPCH	F	0.01%
TBRG	B	0.01%
PRG	B	0.01%
RCKY	F	0.01%
VIRC	B	0.01%
CBAN	B	0.01%
SFIX	B	0.01%
USPH	C	0.01%
MMS	D	0.01%
HBB	F	0.01%
EPM	B	0.01%
CCCC	F	0.01%
BSET	C	0.01%
FET	D	0.01%
OPY	C	0.01%
PENN	B	0.01%
RMAX	C	0.01%
BLDE	B	0.01%
SMHI	F	0.01%
VYGR	C	0.01%
DBRG	F	0.01%
CHGG	F	0.01%
FUNC	A	0.01%
WNEB	A	0.01%
LAKE	F	0.01%
MX	F	0.01%
CTRN	C	0.01%
ALCO	D	0.01%
CDNA	D	0.01%
PKE	B	0.01%
UTMD	C	0.01%
IMAX	C	0.01%
BCML	B	0.01%
ALRS	C	0.01%
KIDS	F	0.01%
PTLO	C	0.01%
FRBA	C	0.01%
BCBP	B	0.01%
ANIK	D	0.01%
ORGO	B	0.01%
BLFY	B	0.01%
NC	C	0.01%
SRI	F	0.01%
LGTY	B	0.01%
PGNY	F	0.01%
ACNB	B	0.01%
LSEA	F	0.01%
HIFS	B	0.01%
EML	F	0.01%
SHYF	B	0.01%
EVC	C	0.01%
PKBK	B	0.01%
FSTR	B	0.01%
FMC	F	0.01%
CCB	A	0.01%
QUAD	B	0.01%
OSPN	A	0.01%
CVEO	D	0.01%
FLIC	B	0.01%
GMED	B	0.01%
RELL	C	0.01%
OFIX	B	0.01%
MLAB	F	0.01%
NOVA	F	0.01%
CFFI	B	0.01%
JJSF	B	0.01%
BANF	B	0.01%
RNGR	A	0.01%
CNSL	C	0.01%
OABI	D	0.01%
CTOS	B	0.01%
SWIM	D	0.01%
WOOF	D	0.01%
QNST	C	0.01%
SWK	F	0.01%
EDIT	F	0.01%
MCW	C	0.01%
FIVE	F	0.01%
BOOM	F	0.01%
VSAT	F	0.01%
NUS	D	0.01%
DBI	F	0.01%
ORN	C	0.01%
CPSS	C	0.01%
PARR	F	0.01%
OIS	B	0.01%
DH	D	0.01%
ADV	F	0.01%
LXU	B	0.01%
PANL	F	0.01%
LXFR	B	0.01%
MEI	F	0.01%
EBTC	B	0.01%
SGC	C	0.01%
KODK	D	0.01%
ACTG	F	0.01%
LGF.A	F	0.01%
ALKS	B	0.01%
FSBW	B	0.01%
INBK	B	0.01%
AVD	C	0.01%
CRSR	C	0.01%
HTZ	C	0.01%
LINC	B	0.01%
PKOH	B	0.01%
BWB	B	0.01%
LEGH	D	0.01%
ONTF	B	0.01%
APEI	B	0.01%
GENC	B	0.01%
FRST	B	0.01%
VOXX	C	0.01%
AMCX	C	0.01%
CXT	D	0.01%
CMP	D	0.01%
ANGO	C	0.01%
BH	B	0.01%
HTBI	B	0.01%
GNTY	B	0.01%
ZIMV	F	0.01%
TSBK	B	0.01%
CZNC	B	0.01%
FMNB	B	0.01%
LFST	B	0.01%
FF	F	0.01%
SD	D	0.01%
ASPN	F	0.01%
VNDA	B	0.01%
TG	C	0.01%
HBCP	B	0.01%
CRMT	F	0.01%
FATE	F	0.01%
BMRC	B	0.01%
SFST	B	0.01%
XERS	C	0.0%
ICD	F	0.0%
CVV	F	0.0%
CHCI	C	0.0%
AWX	B	0.0%
HFBL	D	0.0%
RBKB	A	0.0%
ELSE	B	0.0%
MFIN	B	0.0%
WMPN	A	0.0%
IROQ	A	0.0%
ACIU	D	0.0%
NHTC	D	0.0%
OPOF	B	0.0%
CKX	F	0.0%
ACIC	B	0.0%
FUSB	B	0.0%
SLNG	B	0.0%
HOWL	D	0.0%
SSBI	F	0.0%
UTZ	F	0.0%
BRBS	B	0.0%
EDUC	F	0.0%
PALT	F	0.0%
LTRN	F	0.0%
WHLM	F	0.0%
CODA	B	0.0%
WVVI	F	0.0%
OBT	B	0.0%
LIVE	F	0.0%
QIPT	F	0.0%
FCAP	C	0.0%
SLQT	C	0.0%
PFMT	D	0.0%
PEPG	F	0.0%
TLF	D	0.0%
EVI	C	0.0%
ACRV	C	0.0%
PMCB	C	0.0%
HVT	F	0.0%
AAME	C	0.0%
ORMP	F	0.0%
PRLD	F	0.0%
NCSM	A	0.0%
AMS	D	0.0%
AUBN	C	0.0%
JVA	C	0.0%
SKLZ	F	0.0%
COHN	B	0.0%
GROW	F	0.0%
CARV	F	0.0%
PBHC	B	0.0%
NRDS	B	0.0%
CFBK	B	0.0%
MTEX	B	0.0%
DDD	C	0.0%
BRID	F	0.0%
BIOX	F	0.0%
GTN.A	F	0.0%
DTST	C	0.0%
STTK	F	0.0%
LSBK	B	0.0%
INST	B	0.0%
CRWS	F	0.0%
SIF	D	0.0%
PRTS	D	0.0%
CNTY	B	0.0%
TAIT	F	0.0%
HHS	F	0.0%
UNB	A	0.0%
RMBI	A	0.0%
RDIB	F	0.0%
OPHC	B	0.0%
FXNC	B	0.0%
UBCP	C	0.0%
UONEK	F	0.0%
ZI	D	0.0%
OCC	F	0.0%
UONE	F	0.0%
FKWL	C	0.0%
RFL	D	0.0%
ATHA	D	0.0%
HNNA	B	0.0%
ABSI	F	0.0%
TRT	B	0.0%
LSF	B	0.0%
SGMA	D	0.0%
ICCC	F	0.0%
CVR	C	0.0%
TNYA	D	0.0%
KRT	A	0.0%
INFU	B	0.0%
MXC	C	0.0%
CPIX	F	0.0%
NSYS	F	0.0%
ORIC	C	0.0%
SGRP	B	0.0%
HPK	D	0.0%
ISSC	B	0.0%
PDEX	B	0.0%
NTWK	C	0.0%
BOTJ	B	0.0%
CZFS	B	0.0%
STHO	F	0.0%
JRSH	B	0.0%
BCOV	B	0.0%
BCAB	D	0.0%
FTK	B	0.0%
RZLT	B	0.0%
FNWD	C	0.0%
ZDGE	F	0.0%
RCMT	B	0.0%
GBIO	F	0.0%
DIT	D	0.0%
COFS	B	0.0%
SFBC	C	0.0%
BDTX	F	0.0%
HSON	F	0.0%
AFBI	C	0.0%
FINW	A	0.0%
NKTX	F	0.0%
LGL	D	0.0%
GTIM	D	0.0%
INDI	C	0.0%
CBFV	C	0.0%
SSTI	F	0.0%
FRAF	A	0.0%
MHH	B	0.0%
STRO	C	0.0%
SND	C	0.0%
SVT	D	0.0%
OLPX	F	0.0%
HEAR	C	0.0%
FSBC	B	0.0%
FPH	C	0.0%
AWRE	F	0.0%
WYY	B	0.0%
FLL	D	0.0%
REPL	C	0.0%
DGICB	B	0.0%
FSFG	A	0.0%
METCB	C	0.0%
UHAL	C	0.0%
DSGN	B	0.0%
ENZ	C	0.0%
APT	F	0.0%
ETNB	D	0.0%
LUNA	F	0.0%
UPLD	C	0.0%
AEIS	C	0.0%
INVE	C	0.0%
TAYD	F	0.0%
SBFG	D	0.0%
MNSB	D	0.0%
OVBC	A	0.0%
LBRDP	C	0.0%
EBMT	A	0.0%
TACT	F	0.0%
PETS	B	0.0%
LARK	A	0.0%
HFFG	C	0.0%
PBFS	B	0.0%
ESOA	A	0.0%
BFC	B	0.0%
NAII	F	0.0%
MGYR	A	0.0%
SENEB	C	0.0%
SWKH	D	0.0%
XNCR	B	0.0%
MBCN	C	0.0%
VABK	B	0.0%
BSVN	B	0.0%
RFIL	C	0.0%
DAIO	C	0.0%
MNTK	D	0.0%
SLM	B	0.0%
CF	B	0.0%
MYPS	C	0.0%
BWEN	F	0.0%
OOMA	A	0.0%
AP	F	0.0%
CMLS	F	0.0%
PFIE	A	0.0%
NEXA	C	0.0%
GSIT	F	0.0%
RAPT	F	0.0%
STKS	F	0.0%
CPHC	C	0.0%
VEL	A	0.0%
TSVT	F	0.0%
OB	A	0.0%
CXDO	C	0.0%
SSBK	B	0.0%
PYXS	C	0.0%
MRAM	D	0.0%
DIBS	F	0.0%
FARM	F	0.0%
PBYI	D	0.0%
MRBK	B	0.0%
TSQ	F	0.0%
VTSI	C	0.0%
COLM	B	0.0%
SRTS	B	0.0%
EBS	C	0.0%
EVCM	C	0.0%
DOUG	C	0.0%
TRDA	B	0.0%
CIX	C	0.0%
FCCO	B	0.0%
OVLY	B	0.0%
POWW	F	0.0%
ARKR	F	0.0%
COOK	D	0.0%
SKWD	A	0.0%
MPX	C	0.0%
DHX	F	0.0%
PL	B	0.0%
NKSH	B	0.0%
SATS	C	0.0%
CIA	C	0.0%
PLRX	C	0.0%
BCAL	B	0.0%
NL	C	0.0%
RSVR	B	0.0%
CSPI	D	0.0%
AXTI	F	0.0%
NWFL	B	0.0%
NODK	C	0.0%
MUX	F	0.0%
HLIT	D	0.0%
BDL	D	0.0%
NABL	F	0.0%
AC	B	0.0%
ERAS	C	0.0%
GLUE	C	0.0%
ENTA	F	0.0%
PEBK	B	0.0%
CMTL	F	0.0%
ASRV	C	0.0%
TWST	F	0.0%
SBT	D	0.0%
SCWX	B	0.0%
SSYS	B	0.0%
CTKB	B	0.0%
FVCB	B	0.0%
LNSR	B	0.0%
EGAN	C	0.0%
TTI	B	0.0%
OPRT	C	0.0%
DLHC	F	0.0%
ASLE	C	0.0%
MASS	F	0.0%
FG	B	0.0%
BWMN	C	0.0%
LCNB	B	0.0%
WHG	B	0.0%
PVBC	B	0.0%
ATLO	D	0.0%
SAGE	F	0.0%
RRBI	B	0.0%
FMAO	B	0.0%
FORR	D	0.0%
TLS	C	0.0%
EGHT	B	0.0%
CMT	D	0.0%
CULP	F	0.0%
GAIA	B	0.0%
GATO	C	0.0%
KVHI	C	0.0%
SIGA	D	0.0%
MNTX	C	0.0%
MYFW	B	0.0%
TERN	F	0.0%
MVBF	B	0.0%
OPRX	F	0.0%
RGA	A	0.0%
SSTK	D	0.0%
CVGI	F	0.0%
NATL	B	0.0%
AGM	B	0.0%
KOD	B	0.0%
HMST	D	0.0%
NTLA	F	0.0%
BILL	A	0.0%
ALOT	D	0.0%
TCBX	B	0.0%
RMR	F	0.0%
ARC	A	0.0%
FULC	F	0.0%
LMNR	C	0.0%
FEIM	B	0.0%
TUSK	F	0.0%
TBNK	B	0.0%
BGSF	F	0.0%
PLBC	A	0.0%
INGN	C	0.0%
GAMB	B	0.0%
ESSA	B	0.0%
GHM	B	0.0%
KTCC	C	0.0%
SPWH	F	0.0%
PWOD	B	0.0%
ACU	C	0.0%
ESP	C	0.0%
ASYS	D	0.0%
ANGI	F	0.0%
PROV	B	0.0%
DXLG	C	0.0%
UHS	D	0.0%
CRNC	D	0.0%
VERV	D	0.0%
CDLX	D	0.0%
QRHC	F	0.0%
SNFCA	C	0.0%
VICR	B	0.0%
MEG	F	0.0%
SGA	F	0.0%
IBEX	B	0.0%
INTT	D	0.0%
MXL	C	0.0%
KEQU	C	0.0%
ESCA	B	0.0%
GIFI	B	0.0%

DFAT Underweight 51 Positions Relative to HWAY

Symbol	Grade	Weight
EMR	A	-4.77%
CSX	B	-4.34%
NSC	B	-4.27%
UNP	C	-4.18%
CAT	C	-4.1%
URI	B	-4.01%
DE	D	-3.97%
GWW	B	-3.72%
PWR	B	-3.38%
FAST	A	-3.29%
VMC	B	-2.68%
MLM	B	-2.63%
NUE	C	-2.6%
WAB	A	-2.46%
XYL	D	-2.1%
DOV	A	-1.92%
EME	B	-1.65%
STLD	B	-1.46%
CSL	B	-1.45%
BLDR	D	-1.43%
J	B	-1.23%
IEX	B	-1.18%
FIX	B	-1.17%
RS	B	-1.14%
GGG	B	-1.03%
ACM	B	-1.01%
POOL	D	-0.98%
TTEK	C	-0.87%
BLD	F	-0.76%
AIT	A	-0.74%
EXP	B	-0.68%
DCI	A	-0.65%
FLR	C	-0.64%
CR	B	-0.63%
WMS	F	-0.62%
TREX	C	-0.55%
SSD	D	-0.54%
ATI	D	-0.53%
VMI	B	-0.51%
APG	B	-0.48%
AZEK	B	-0.45%
VNT	B	-0.45%
WTS	B	-0.43%
ZWS	B	-0.42%
STRL	B	-0.42%
SKY	B	-0.4%
DY	C	-0.39%
SWX	B	-0.32%
ROAD	B	-0.29%
VRRM	F	-0.26%
USLM	B	-0.07%