DFSV vs. FESM ETF Comparison

Comparison of Dimensional US Small Cap Value ETF (DFSV) to Fidelity Enhanced Small Cap ETF (FESM)

DFSV

Dimensional US Small Cap Value ETF

DFSV Description

Dimensional US Small Cap Value ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of small-cap companies. Dimensional US Small Cap Value ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.31

Average Daily Volume

569,449

Number of Holdings ^*

948

* may have additional holdings in another (foreign) market

FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.99

Average Daily Volume

122,520

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

Performance

Period	DFSV	FESM
30 Days	9.36%	9.51%
60 Days	9.11%	9.00%
90 Days	8.26%	9.55%
12 Months	30.42%	40.89%

183 Overlapping Holdings

Symbol	Grade	Weight in DFSV	Weight in FESM	Overlap
ABCB	B	0.41%	0.37%	0.37%
ABM	B	0.33%	0.32%	0.32%
ACA	A	0.41%	0.39%	0.39%
AEO	F	0.16%	0.6%	0.16%
AIR	B	0.18%	0.5%	0.18%
AMAL	B	0.03%	0.15%	0.03%
ANGO	D	0.01%	0.02%	0.01%
AOSL	C	0.09%	0.05%	0.05%
ASC	F	0.05%	0.03%	0.03%
ATNI	F	0.02%	0.07%	0.02%
AUB	B	0.3%	0.11%	0.11%
AVD	D	0.01%	0.07%	0.01%
AVNS	F	0.07%	0.18%	0.07%
AXL	C	0.06%	0.21%	0.06%
BAND	B	0.03%	0.35%	0.03%
BCC	B	0.16%	0.17%	0.16%
BGS	F	0.03%	0.06%	0.03%
BHE	B	0.16%	0.4%	0.16%
BHLB	B	0.11%	0.03%	0.03%
BRY	F	0.03%	0.02%	0.02%
BSRR	B	0.04%	0.08%	0.04%
BUSE	B	0.12%	0.24%	0.12%
BY	B	0.09%	0.05%	0.05%
CADE	B	0.53%	0.18%	0.18%
CALM	A	0.2%	0.23%	0.2%
CATY	B	0.31%	0.08%	0.08%
CCBG	B	0.01%	0.02%	0.01%
CDE	D	0.02%	0.08%	0.02%
CEIX	A	0.18%	0.26%	0.18%
CHGG	D	0.0%	0.03%	0.0%
CMC	B	0.59%	0.13%	0.13%
CNMD	C	0.0%	0.35%	0.0%
CNXN	C	0.05%	0.19%	0.05%
CPF	A	0.03%	0.24%	0.03%
CPS	C	0.01%	0.14%	0.01%
CRC	A	0.27%	0.22%	0.22%
CRGY	B	0.09%	0.61%	0.09%
CTBI	B	0.05%	0.07%	0.05%
CTKB	C	0.0%	0.06%	0.0%
CVBF	A	0.22%	0.06%	0.06%
DAKT	B	0.02%	0.05%	0.02%
DCO	C	0.09%	0.22%	0.09%
DIOD	D	0.18%	0.09%	0.09%
DK	C	0.08%	0.12%	0.08%
DXPE	B	0.06%	0.16%	0.06%
ENS	D	0.08%	0.62%	0.08%
ETD	C	0.08%	0.15%	0.08%
EZPW	A	0.07%	0.25%	0.07%
FBK	B	0.06%	0.14%	0.06%
FCF	A	0.15%	0.02%	0.02%
FDP	B	0.16%	0.08%	0.08%
FFBC	A	0.25%	0.1%	0.1%
FISI	A	0.04%	0.07%	0.04%
FLXS	B	0.02%	0.15%	0.02%
FRME	B	0.21%	0.23%	0.21%
FSTR	B	0.02%	0.03%	0.02%
FUL	F	0.04%	0.54%	0.04%
FULT	A	0.32%	0.2%	0.2%
GCI	D	0.01%	0.02%	0.01%
GHC	C	0.29%	0.14%	0.14%
GIII	D	0.12%	0.03%	0.03%
GNW	A	0.3%	0.35%	0.3%
GPRE	F	0.02%	0.02%	0.02%
GT	C	0.21%	0.4%	0.21%
HL	D	0.09%	0.21%	0.09%
HLX	B	0.15%	0.24%	0.15%
HNI	B	0.05%	0.2%	0.05%
HP	B	0.32%	0.24%	0.24%
HRTG	C	0.03%	0.07%	0.03%
HSTM	B	0.0%	0.2%	0.0%
HURC	C	0.01%	0.06%	0.01%
HWC	B	0.41%	0.22%	0.22%
HY	D	0.0%	0.2%	0.0%
IART	C	0.1%	0.05%	0.05%
INDB	B	0.24%	0.1%	0.1%
INSW	F	0.2%	0.11%	0.11%
JXN	C	0.67%	0.61%	0.61%
KAR	B	0.18%	0.32%	0.18%
KBH	D	0.12%	0.21%	0.12%
KE	C	0.04%	0.07%	0.04%
LGF.A	C	0.01%	0.07%	0.01%
LGF.A	C	0.0%	0.05%	0.0%
LGF.A	C	0.01%	0.05%	0.01%
LGF.A	C	0.0%	0.07%	0.0%
LPG	F	0.12%	0.05%	0.05%
LTH	C	0.33%	0.08%	0.08%
LYTS	B	0.01%	0.11%	0.01%
MATX	C	0.44%	0.39%	0.39%
MBWM	B	0.08%	0.03%	0.03%
MCB	B	0.02%	0.02%	0.02%
MRC	B	0.05%	0.09%	0.05%
MRTN	C	0.12%	0.26%	0.12%
MSBI	B	0.05%	0.04%	0.04%
MTDR	B	0.38%	0.41%	0.38%
MTX	B	0.22%	0.59%	0.22%
MUR	D	0.41%	0.2%	0.2%
MYE	F	0.01%	0.07%	0.01%
NBR	C	0.01%	0.23%	0.01%
NBTB	B	0.02%	0.07%	0.02%
NFBK	B	0.04%	0.15%	0.04%
NGVC	A	0.02%	0.1%	0.02%
NJR	A	0.25%	0.32%	0.25%
NMIH	D	0.09%	0.34%	0.09%
NPK	B	0.03%	0.03%	0.03%
NTCT	C	0.08%	0.07%	0.07%
NWBI	B	0.17%	0.59%	0.17%
ODP	F	0.08%	0.1%	0.08%
OFG	B	0.02%	0.16%	0.02%
OI	C	0.16%	0.21%	0.16%
OIS	C	0.02%	0.05%	0.02%
ONB	B	0.54%	0.02%	0.02%
OPY	B	0.0%	0.05%	0.0%
ORGO	B	0.02%	0.06%	0.02%
PAHC	C	0.0%	0.05%	0.0%
PBH	A	0.24%	0.22%	0.22%
PCRX	C	0.06%	0.08%	0.06%
PDCO	D	0.05%	0.03%	0.03%
PFS	B	0.26%	0.32%	0.26%
PGC	C	0.05%	0.07%	0.05%
PLAB	C	0.13%	0.21%	0.13%
PLPC	B	0.05%	0.16%	0.05%
PLXS	B	0.07%	0.23%	0.07%
PRAA	C	0.05%	0.02%	0.02%
PRLB	A	0.05%	0.08%	0.05%
RCKY	F	0.02%	0.01%	0.01%
REPX	A	0.04%	0.13%	0.04%
REZI	A	0.27%	0.4%	0.27%
RIG	D	0.29%	0.05%	0.05%
RM	D	0.03%	0.06%	0.03%
RMAX	C	0.02%	0.03%	0.02%
RNST	B	0.19%	0.22%	0.19%
ROCK	C	0.07%	0.21%	0.07%
RUSHA	C	0.3%	0.08%	0.08%
SAH	A	0.11%	0.16%	0.11%
SANM	B	0.4%	0.39%	0.39%
SBH	C	0.05%	0.19%	0.05%
SCS	C	0.11%	0.08%	0.08%
SFL	D	0.13%	0.1%	0.1%
SHEN	F	0.03%	0.03%	0.03%
SKYW	B	0.4%	0.7%	0.4%
SNCY	C	0.05%	0.05%	0.05%
SPOK	C	0.0%	0.02%	0.0%
SRCE	B	0.04%	0.13%	0.04%
SSTK	F	0.02%	0.02%	0.02%
STBA	B	0.13%	0.05%	0.05%
STNG	F	0.27%	0.16%	0.16%
SUPN	C	0.12%	0.01%	0.01%
SXC	A	0.1%	0.29%	0.1%
TCBK	B	0.1%	0.02%	0.02%
TCMD	A	0.01%	0.09%	0.01%
TDS	B	0.31%	0.21%	0.21%
TEX	D	0.11%	0.35%	0.11%
THR	B	0.05%	0.08%	0.05%
TILE	B	0.04%	0.23%	0.04%
TMHC	B	0.68%	0.49%	0.49%
TPH	D	0.37%	0.36%	0.36%
TRN	B	0.09%	0.27%	0.09%
UBSI	B	0.47%	0.2%	0.2%
UCB	A	0.33%	0.15%	0.15%
UCTT	D	0.04%	0.54%	0.04%
UFPI	B	0.04%	0.03%	0.03%
UMBF	B	0.11%	0.34%	0.11%
UNFI	A	0.11%	0.04%	0.04%
URBN	C	0.32%	0.08%	0.08%
UVE	B	0.0%	0.05%	0.0%
UVSP	B	0.08%	0.03%	0.03%
VBTX	B	0.13%	0.09%	0.09%
VCYT	B	0.0%	0.15%	0.0%
VMEO	B	0.02%	0.5%	0.02%
VNDA	C	0.01%	0.05%	0.01%
VREX	C	0.04%	0.35%	0.04%
VSTO	A	0.13%	0.09%	0.09%
VTOL	B	0.09%	0.11%	0.09%
VYGR	F	0.01%	0.03%	0.01%
WGO	C	0.15%	0.08%	0.08%
WKC	D	0.16%	0.24%	0.16%
WMK	C	0.19%	0.07%	0.07%
WS	B	0.03%	0.13%	0.03%
WSBC	B	0.2%	0.26%	0.2%
WSBF	C	0.03%	0.08%	0.03%
XRX	F	0.07%	0.18%	0.07%
ZEUS	C	0.05%	0.12%	0.05%
ZIMV	D	0.02%	0.02%	0.02%

DFSV Overweight 767 Positions Relative to FESM

Symbol	Grade	Weight
X	C	0.64%
IVZ	B	0.62%
PB	A	0.61%
FHN	A	0.6%
LAD	A	0.6%
DTM	B	0.58%
PNFP	B	0.57%
CNX	A	0.57%
WBS	A	0.57%
MHK	D	0.57%
FNB	A	0.55%
MTG	C	0.55%
BWA	D	0.54%
FYBR	D	0.54%
WCC	B	0.54%
KNX	B	0.53%
THO	B	0.52%
ZION	B	0.51%
AMKR	D	0.51%
ALK	C	0.51%
GPI	A	0.5%
AR	B	0.5%
POST	C	0.49%
GTES	A	0.48%
AL	B	0.48%
CLF	F	0.47%
PVH	C	0.47%
KEX	C	0.46%
AVT	C	0.46%
AGO	B	0.45%
OSK	B	0.45%
SM	B	0.45%
OZK	B	0.45%
WTFC	A	0.45%
R	B	0.43%
ARW	D	0.43%
DAR	C	0.43%
GATX	A	0.42%
BOKF	B	0.42%
WTM	A	0.41%
SSB	B	0.41%
ESNT	D	0.41%
VLY	B	0.4%
NOV	C	0.4%
DNB	B	0.4%
CMA	A	0.4%
RRC	B	0.39%
BPOP	B	0.39%
ABG	B	0.39%
JAZZ	B	0.39%
ASB	B	0.38%
AXS	A	0.38%
COLB	A	0.38%
MOS	F	0.38%
ADTN	A	0.37%
AGCO	D	0.36%
LEA	D	0.36%
JHG	A	0.36%
AVNT	B	0.35%
TCBI	B	0.35%
HOG	D	0.35%
BIO	D	0.34%
CRK	B	0.34%
M	D	0.34%
PBF	D	0.33%
ST	F	0.33%
INGR	B	0.31%
BTU	B	0.31%
KFY	B	0.3%
HUBG	A	0.3%
ASH	D	0.3%
ESGR	B	0.3%
WSFS	A	0.29%
DXC	B	0.29%
FIBK	A	0.29%
PRGO	B	0.29%
WAL	B	0.29%
ALIT	C	0.29%
BKU	A	0.28%
FMC	D	0.28%
WAFD	B	0.28%
FHB	A	0.28%
HUN	F	0.27%
BFH	B	0.27%
TGNA	B	0.26%
MDU	D	0.26%
ATGE	B	0.26%
CCS	D	0.26%
BHF	B	0.26%
NNI	D	0.26%
JLL	D	0.26%
DINO	D	0.26%
CWK	B	0.26%
CIVI	D	0.26%
VAC	B	0.25%
XRAY	F	0.25%
SFNC	B	0.25%
NWL	B	0.25%
GTLS	B	0.25%
UNF	B	0.25%
LBRT	D	0.24%
MAN	D	0.24%
FAF	A	0.24%
MIDD	C	0.24%
EBC	B	0.24%
GXO	B	0.24%
ARCH	B	0.23%
NEOG	F	0.23%
TTMI	B	0.23%
HHH	B	0.23%
PPBI	B	0.23%
NVST	B	0.22%
WERN	C	0.22%
BILL	A	0.22%
CHRD	D	0.22%
SNDR	B	0.22%
BERY	B	0.22%
SEB	F	0.22%
LGIH	D	0.22%
ENOV	C	0.21%
GBX	A	0.21%
AMR	C	0.21%
TOWN	B	0.21%
ARCB	C	0.21%
ZD	B	0.21%
ACT	D	0.21%
ESI	A	0.21%
AAP	C	0.21%
IBTX	B	0.21%
IPGP	D	0.21%
HGV	B	0.2%
AZTA	D	0.2%
BANR	B	0.2%
HTLF	B	0.2%
WHR	B	0.2%
CPA	D	0.2%
SPNT	A	0.19%
JBT	B	0.19%
GEF	A	0.19%
VSH	D	0.19%
NOG	A	0.19%
PINC	B	0.19%
TRMK	B	0.19%
STRA	C	0.19%
ASO	F	0.18%
EPC	D	0.18%
KMT	B	0.18%
MIR	A	0.18%
AA	B	0.18%
CUBI	B	0.17%
HI	C	0.17%
FL	F	0.17%
LZB	B	0.17%
DHT	F	0.17%
B	B	0.16%
LCII	C	0.16%
ORA	B	0.16%
SIG	B	0.16%
LC	A	0.16%
SNV	B	0.16%
KSS	F	0.16%
CENTA	C	0.16%
USM	B	0.16%
GAP	B	0.16%
ELAN	D	0.16%
CMRE	C	0.16%
PHIN	A	0.16%
TALO	C	0.16%
UA	B	0.16%
EFSC	B	0.16%
LBRDK	C	0.16%
ANDE	D	0.16%
GPOR	B	0.16%
UAA	C	0.15%
SASR	B	0.15%
PPC	C	0.15%
TROX	D	0.15%
PRDO	B	0.15%
THS	D	0.14%
DNOW	B	0.14%
MODG	F	0.14%
FBNC	A	0.14%
MLKN	D	0.14%
SWI	B	0.14%
UVV	B	0.14%
AMWD	C	0.14%
ROG	D	0.14%
HMN	B	0.13%
SON	D	0.13%
PRM	C	0.13%
NAVI	C	0.13%
EIG	B	0.13%
CABO	C	0.13%
FA	C	0.13%
TKR	D	0.13%
ADNT	F	0.13%
SKX	D	0.13%
HOPE	B	0.13%
SCL	C	0.13%
KN	B	0.13%
ICUI	D	0.13%
SCSC	B	0.12%
DCOM	A	0.12%
INVA	D	0.12%
WTTR	B	0.12%
NHC	C	0.12%
DAN	D	0.12%
TPC	C	0.12%
PRIM	A	0.12%
XPRO	F	0.12%
NBHC	B	0.12%
LRN	A	0.12%
HLIO	B	0.12%
PEBO	A	0.12%
FOR	F	0.12%
SBCF	A	0.11%
ITGR	B	0.11%
ATSG	B	0.11%
COHU	C	0.11%
BV	B	0.11%
PTVE	B	0.11%
HELE	C	0.11%
GO	C	0.11%
SGRY	F	0.11%
COTY	F	0.1%
SCVL	F	0.1%
OMCL	C	0.1%
CMCO	B	0.1%
RES	D	0.1%
APA	D	0.1%
BXC	B	0.1%
PLYA	B	0.1%
VAL	D	0.1%
IMKTA	C	0.1%
GMS	B	0.1%
DOLE	D	0.1%
FBMS	B	0.09%
ALGT	B	0.09%
CNOB	B	0.09%
QCRH	A	0.09%
ASGN	F	0.09%
OCFC	B	0.09%
TRS	B	0.09%
PFC	A	0.09%
LILAK	D	0.09%
BRKL	B	0.09%
ECPG	B	0.08%
REX	D	0.08%
DLX	B	0.08%
MRCY	B	0.08%
LAUR	A	0.08%
PATK	D	0.08%
KALU	C	0.08%
RAMP	C	0.08%
VTLE	C	0.08%
OMI	F	0.08%
ECVT	C	0.08%
HFWA	B	0.07%
EGBN	B	0.07%
NMRK	B	0.07%
SMP	B	0.07%
HOMB	A	0.07%
MLR	B	0.07%
NX	C	0.07%
PSMT	C	0.07%
ASIX	A	0.07%
GLDD	B	0.07%
DGII	B	0.07%
AZZ	B	0.07%
ASTE	B	0.07%
HSII	B	0.07%
EYE	C	0.07%
VSTS	C	0.07%
ACHC	F	0.07%
PUMP	B	0.07%
CLVT	F	0.06%
NXST	C	0.06%
HAYN	C	0.06%
CFB	B	0.06%
MCS	B	0.06%
EBF	F	0.06%
HAYW	B	0.06%
RCM	F	0.06%
MTUS	C	0.06%
KWR	C	0.06%
JELD	F	0.06%
STC	B	0.06%
RBCAA	B	0.06%
CERT	F	0.06%
MNRO	D	0.06%
HBNC	B	0.06%
KOP	C	0.06%
HAFC	A	0.06%
TRST	B	0.06%
SCHL	D	0.06%
VSEC	C	0.06%
HTLD	B	0.06%
MGNI	A	0.06%
CE	F	0.06%
MGPI	F	0.06%
GNK	D	0.06%
SPTN	D	0.06%
OBK	B	0.06%
PRA	C	0.06%
RYI	C	0.06%
HZO	D	0.06%
JBLU	F	0.06%
WOR	F	0.05%
OSBC	A	0.05%
NVRI	F	0.05%
THFF	B	0.05%
FMBH	B	0.05%
GES	F	0.05%
WNC	C	0.05%
NR	B	0.05%
LBRDA	C	0.05%
SWBI	C	0.05%
ATKR	C	0.05%
HTBK	A	0.05%
CPRI	F	0.05%
FWRG	C	0.05%
RYAM	C	0.05%
RRX	B	0.05%
UFCS	B	0.05%
CZR	F	0.05%
NIC	B	0.05%
NWPX	A	0.05%
ICHR	C	0.05%
DNUT	D	0.05%
NAT	F	0.05%
ZI	D	0.05%
NAPA	B	0.05%
CAL	D	0.05%
SMPL	B	0.04%
KOS	F	0.04%
IAS	C	0.04%
CCNE	B	0.04%
AMTB	B	0.04%
BJRI	B	0.04%
CAC	B	0.04%
CTOS	C	0.04%
CACI	D	0.04%
CLW	F	0.04%
TMP	B	0.04%
LOCO	D	0.04%
GRBK	D	0.04%
RPAY	D	0.04%
WASH	C	0.04%
AMRC	F	0.04%
GRNT	B	0.04%
ADV	D	0.04%
HII	D	0.04%
HTBI	B	0.04%
OEC	C	0.04%
USNA	C	0.04%
AMBC	C	0.04%
BHB	B	0.04%
HCSG	C	0.04%
FFIC	B	0.04%
TRC	F	0.04%
KRO	D	0.04%
VRNT	C	0.04%
KRNY	B	0.04%
RDUS	C	0.04%
IBOC	A	0.04%
MATW	C	0.04%
HONE	B	0.04%
MBUU	C	0.04%
CENT	C	0.04%
HNRG	B	0.04%
AVO	C	0.04%
GLRE	B	0.04%
MD	B	0.04%
PLUS	F	0.04%
HTZ	C	0.04%
FBIZ	B	0.03%
INBK	B	0.03%
CIVB	B	0.03%
TFX	F	0.03%
HBCP	B	0.03%
VPG	D	0.03%
LXU	B	0.03%
ACCO	C	0.03%
LEGH	D	0.03%
HCC	B	0.03%
WLFC	B	0.03%
BMBL	D	0.03%
AMPY	B	0.03%
IPI	B	0.03%
NGS	B	0.03%
PKOH	B	0.03%
AMPS	C	0.03%
EGY	D	0.03%
MMI	B	0.03%
BFST	C	0.03%
SWIM	C	0.03%
IIIN	C	0.03%
KELYA	F	0.03%
OXM	D	0.03%
GDOT	D	0.03%
PACK	B	0.03%
MTW	C	0.03%
VLGEA	B	0.03%
FRPH	A	0.03%
USAP	B	0.03%
DGICA	A	0.03%
METC	C	0.03%
BOC	C	0.03%
GTN	F	0.03%
HVT	D	0.03%
MOFG	A	0.03%
SBSI	B	0.03%
MSGE	F	0.03%
LOVE	B	0.03%
GCO	B	0.03%
SMBK	B	0.03%
RDN	C	0.03%
PKBK	A	0.02%
UNTY	B	0.02%
HAIN	C	0.02%
NEO	C	0.02%
GDEN	B	0.02%
BCBP	A	0.02%
KIDS	D	0.02%
THRM	D	0.02%
RBB	B	0.02%
LAKE	B	0.02%
MERC	D	0.02%
FFWM	C	0.02%
ISTR	B	0.02%
WNEB	A	0.02%
NTGR	B	0.02%
RELL	B	0.02%
IBCP	B	0.02%
DBI	F	0.02%
WEYS	C	0.02%
QRVO	F	0.02%
MEC	D	0.02%
HOFT	C	0.02%
NECB	B	0.02%
BELFB	D	0.02%
CARS	B	0.02%
TSBK	B	0.02%
TWI	F	0.02%
KODK	B	0.02%
EQBK	A	0.02%
PARA	C	0.02%
SENEA	B	0.02%
HOV	D	0.02%
FUNC	A	0.02%
VSAT	F	0.02%
AHCO	F	0.02%
ALG	B	0.02%
MCFT	B	0.02%
ULH	B	0.02%
BMRC	B	0.02%
CFFI	B	0.02%
PANL	F	0.02%
OSUR	F	0.02%
MPB	B	0.02%
FF	D	0.02%
GSBC	B	0.02%
GENC	B	0.02%
CLNE	D	0.02%
SEG	B	0.02%
ORRF	B	0.02%
FRST	B	0.02%
ZUMZ	C	0.02%
TCBX	A	0.02%
NVEE	F	0.02%
SHBI	A	0.02%
BCML	A	0.02%
CCRN	F	0.02%
CARE	C	0.02%
FLIC	B	0.02%
BHRB	B	0.02%
JAKK	C	0.02%
FLWS	F	0.02%
LSEA	D	0.02%
AMCX	C	0.02%
RLGT	A	0.02%
GSM	D	0.02%
RGP	F	0.02%
CRSR	C	0.02%
TITN	C	0.02%
RNGR	B	0.02%
JOUT	D	0.02%
CFFN	B	0.02%
LILA	D	0.02%
RBBN	C	0.02%
MOV	C	0.02%
CVI	F	0.01%
NL	B	0.01%
PVBC	B	0.01%
PFSI	D	0.01%
EML	D	0.01%
ORN	C	0.01%
MCW	B	0.01%
TWIN	F	0.01%
DHX	D	0.01%
ODC	C	0.01%
KW	B	0.01%
TBNK	B	0.01%
VTSI	C	0.01%
ARC	A	0.01%
APEI	B	0.01%
BWFG	A	0.01%
CZNC	B	0.01%
SBT	C	0.01%
EVBN	B	0.01%
STRS	B	0.01%
SPWH	F	0.01%
FNWB	C	0.01%
TTEC	F	0.01%
SGA	F	0.01%
HMST	D	0.01%
GNTY	A	0.01%
SLQT	C	0.01%
THRY	F	0.01%
FONR	D	0.01%
AMN	F	0.01%
CSTL	D	0.01%
MITK	C	0.01%
ANGI	D	0.01%
ACTG	D	0.01%
MEG	F	0.01%
TBI	F	0.01%
PHX	A	0.01%
ACNB	B	0.01%
NATR	C	0.01%
TTSH	D	0.01%
FRD	D	0.01%
FARO	B	0.01%
RGR	F	0.01%
BWMN	C	0.01%
LTRX	F	0.01%
SRTS	B	0.01%
SYNA	C	0.01%
AOUT	B	0.01%
VIRC	B	0.01%
SFST	B	0.01%
EBTC	B	0.01%
AESI	B	0.01%
BZH	B	0.01%
GEOS	C	0.01%
TRDA	B	0.01%
ULBI	F	0.01%
MPAA	C	0.01%
EPM	A	0.01%
RVSB	B	0.01%
LCUT	F	0.01%
CLFD	D	0.01%
CTRN	D	0.01%
DXLG	F	0.01%
BALY	C	0.01%
GEF	A	0.01%
JBI	F	0.01%
CLAR	D	0.01%
BWB	B	0.01%
ANET	C	0.01%
UBFO	A	0.01%
PWOD	A	0.01%
SNFCA	B	0.01%
RUSHB	B	0.01%
PFIS	A	0.01%
HDSN	F	0.01%
CBAN	B	0.01%
SGC	C	0.01%
BSET	B	0.01%
FCBC	B	0.01%
PYCR	C	0.01%
OPBK	B	0.01%
ASLE	C	0.01%
SRI	F	0.01%
ESE	B	0.01%
NC	B	0.01%
ALCO	D	0.01%
BFIN	B	0.01%
NRIM	A	0.01%
UTMD	F	0.01%
BLFY	B	0.01%
FET	D	0.01%
ORI	A	0.01%
BH	B	0.01%
LINC	B	0.01%
SMBC	B	0.01%
BANC	A	0.01%
OLPX	D	0.01%
SPFI	B	0.01%
CNDT	C	0.01%
FSBW	B	0.01%
SHYF	C	0.01%
RUN	F	0.01%
CVEO	F	0.01%
VRA	F	0.01%
SMHI	F	0.01%
MBIN	D	0.01%
BOOM	F	0.01%
FRBA	C	0.01%
STRT	B	0.01%
BBCP	C	0.01%
MG	D	0.01%
PARR	D	0.01%
ENVA	B	0.01%
PCB	A	0.01%
LXFR	C	0.01%
ASUR	C	0.01%
RBKB	B	0.0%
LSBK	A	0.0%
FCAP	D	0.0%
HWBK	B	0.0%
FSFG	A	0.0%
LUNA	D	0.0%
CFBK	C	0.0%
BOTJ	B	0.0%
LARK	A	0.0%
RMBI	A	0.0%
TAIT	F	0.0%
IROQ	B	0.0%
NWFL	C	0.0%
ELSE	B	0.0%
GROW	F	0.0%
VABK	C	0.0%
NSYS	F	0.0%
LGL	C	0.0%
DAIO	C	0.0%
GPRO	F	0.0%
SLNG	B	0.0%
HNNA	C	0.0%
DIT	F	0.0%
CPSS	B	0.0%
FUSB	A	0.0%
FKWL	D	0.0%
BDL	F	0.0%
WHLM	D	0.0%
MGYR	B	0.0%
OVBC	A	0.0%
ALTO	F	0.0%
CULP	D	0.0%
WVVI	F	0.0%
CCRD	A	0.0%
EVI	C	0.0%
OPHC	C	0.0%
ALOT	C	0.0%
SSTI	C	0.0%
ATLO	D	0.0%
FRAF	A	0.0%
TAYD	D	0.0%
COOK	D	0.0%
AFBI	B	0.0%
UONEK	F	0.0%
NTIC	C	0.0%
LIVE	F	0.0%
CBFV	A	0.0%
ESCA	C	0.0%
AIOT	B	0.0%
AMS	C	0.0%
CKX	F	0.0%
FLL	D	0.0%
OVLY	A	0.0%
AE	B	0.0%
AXTI	F	0.0%
METCB	D	0.0%
FLGT	F	0.0%
CVR	C	0.0%
QIPT	F	0.0%
JRVR	F	0.0%
HFFG	C	0.0%
RRBI	A	0.0%
ESP	C	0.0%
WHG	B	0.0%
TASK	C	0.0%
BWEN	F	0.0%
PROV	C	0.0%
EBMT	A	0.0%
MBCN	B	0.0%
CRWS	D	0.0%
SD	D	0.0%
FTK	B	0.0%
UEIC	C	0.0%
TRT	B	0.0%
FVCB	B	0.0%
TG	D	0.0%
ALTG	C	0.0%
SSBK	B	0.0%
FIGS	F	0.0%
ASRV	B	0.0%
CBNK	B	0.0%
COFS	A	0.0%
PEBK	B	0.0%
MNSB	C	0.0%
TACT	F	0.0%
MRBK	A	0.0%
ITIC	B	0.0%
NBN	B	0.0%
ITOS	F	0.0%
AC	C	0.0%
CZFS	B	0.0%
PPIH	B	0.0%
CATO	D	0.0%
HIFS	B	0.0%
DLHC	F	0.0%
KVHI	B	0.0%
ACU	B	0.0%
ARKO	C	0.0%
TUSK	D	0.0%
SGRP	D	0.0%
ONEW	D	0.0%
HBB	F	0.0%
NNBR	C	0.0%
LCNB	A	0.0%
DCGO	C	0.0%
TLYS	F	0.0%
BCAL	B	0.0%
FCCO	B	0.0%
GAIA	A	0.0%
OB	C	0.0%
BCOV	A	0.0%
FMAO	B	0.0%
IOSP	B	0.0%
MNTX	C	0.0%
HBT	B	0.0%
HPK	B	0.0%
FMNB	B	0.0%
EVC	C	0.0%
DLTH	D	0.0%
WLDN	D	0.0%
CVGI	F	0.0%
EPSN	B	0.0%
POWW	F	0.0%
CMP	C	0.0%
SBFG	A	0.0%
CIX	D	0.0%
MYFW	B	0.0%
SSP	F	0.0%
CZWI	A	0.0%
RSVR	A	0.0%
AROW	B	0.0%
KTCC	C	0.0%
FPH	C	0.0%
INTT	C	0.0%
ATLC	B	0.0%
AXR	B	0.0%
VEL	A	0.0%
ACDC	C	0.0%
RIOT	C	0.0%
MATV	D	0.0%
EHTH	C	0.0%
CHMG	B	0.0%
FORR	D	0.0%
QUAD	C	0.0%
AVNW	F	0.0%
NEXA	C	0.0%
III	C	0.0%
EVH	F	0.0%
IBEX	B	0.0%
CMTL	F	0.0%
LFST	C	0.0%
PNRG	B	0.0%
CRNC	C	0.0%
SSYS	C	0.0%
IMMR	C	0.0%
OLO	B	0.0%
MVBF	B	0.0%
ALRS	D	0.0%
KEQU	C	0.0%
CNSL	C	0.0%

DFSV Underweight 386 Positions Relative to FESM

Symbol	Grade	Weight
SFM	A	-0.99%
CRS	A	-0.86%
ANF	C	-0.8%
CVLT	B	-0.79%
QTWO	A	-0.73%
SPSC	C	-0.71%
FN	D	-0.7%
PAYO	A	-0.69%
LUMN	C	-0.69%
BGC	C	-0.67%
MWA	B	-0.61%
MHO	D	-0.61%
IBP	D	-0.6%
CSGS	B	-0.6%
WT	B	-0.58%
YELP	C	-0.57%
COMP	B	-0.57%
FIX	A	-0.57%
PRG	C	-0.56%
OUT	A	-0.56%
EME	C	-0.56%
CVNA	B	-0.55%
QLYS	C	-0.54%
HWKN	B	-0.54%
LKFN	B	-0.53%
EXLS	B	-0.53%
FHI	A	-0.52%
UPBD	B	-0.51%
AIT	A	-0.48%
LANC	C	-0.47%
ITRI	B	-0.47%
CODI	B	-0.46%
MXL	C	-0.45%
SIGI	C	-0.44%
TENB	C	-0.43%
BANF	B	-0.43%
INSM	C	-0.42%
MMSI	B	-0.42%
LMND	B	-0.41%
WTS	B	-0.41%
BMI	B	-0.4%
AROC	B	-0.4%
CECO	A	-0.38%
APOG	B	-0.38%
CBU	B	-0.38%
ESRT	C	-0.37%
AAT	B	-0.37%
KNF	A	-0.37%
GH	B	-0.36%
FFIN	B	-0.36%
CMPR	D	-0.36%
PECO	A	-0.36%
FLR	B	-0.35%
GFF	A	-0.34%
ATI	D	-0.33%
CRDO	B	-0.33%
PCVX	D	-0.33%
SF	B	-0.33%
SXT	B	-0.33%
BBSI	B	-0.33%
VICR	B	-0.33%
COKE	C	-0.33%
SWX	B	-0.32%
STEP	B	-0.32%
IGT	F	-0.32%
MTH	D	-0.31%
YOU	D	-0.31%
KTOS	B	-0.3%
YEXT	A	-0.29%
AX	A	-0.29%
EGHT	C	-0.29%
WK	B	-0.29%
BDC	B	-0.29%
CNO	A	-0.28%
WOOF	D	-0.28%
FBP	B	-0.28%
SNEX	B	-0.27%
PHR	F	-0.27%
MOG.A	B	-0.26%
PRGS	A	-0.26%
LNW	D	-0.26%
RVMD	C	-0.25%
IRTC	D	-0.25%
HQY	B	-0.25%
BCO	D	-0.24%
CDP	C	-0.24%
TRNO	F	-0.24%
EPAC	B	-0.23%
MAC	B	-0.23%
PDFS	C	-0.23%
SJW	D	-0.22%
CORT	B	-0.22%
OPCH	D	-0.21%
HURN	B	-0.21%
AXGN	D	-0.21%
WABC	B	-0.21%
SHAK	C	-0.21%
ZUO	B	-0.21%
CRAI	B	-0.21%
ALKS	B	-0.21%
PSN	D	-0.21%
COMM	D	-0.2%
BL	B	-0.2%
CTRE	D	-0.2%
PBI	B	-0.19%
SMTC	B	-0.19%
RNA	D	-0.19%
RMBS	C	-0.19%
PRO	C	-0.18%
AORT	B	-0.18%
TRTX	B	-0.18%
BVS	D	-0.18%
PJT	A	-0.18%
SFBS	B	-0.18%
ALRM	C	-0.17%
ARLO	C	-0.17%
AWR	B	-0.17%
DBRG	F	-0.17%
CSWI	A	-0.17%
PRK	B	-0.17%
PD	C	-0.17%
TNC	D	-0.17%
FLNC	C	-0.17%
INTA	A	-0.17%
HALO	F	-0.16%
PTCT	B	-0.16%
CYTK	F	-0.16%
DY	D	-0.16%
BPMC	C	-0.16%
BOH	B	-0.16%
DOMO	C	-0.15%
VRTS	B	-0.15%
CNK	B	-0.15%
RYTM	C	-0.15%
TVTX	B	-0.15%
CWT	D	-0.15%
AMSF	B	-0.15%
GEO	B	-0.14%
LMB	A	-0.14%
TWST	D	-0.14%
VRE	B	-0.14%
MDGL	B	-0.14%
FOLD	F	-0.14%
HAE	C	-0.14%
SLG	B	-0.14%
OSCR	D	-0.14%
EXPI	C	-0.14%
EWTX	C	-0.14%
EXTR	B	-0.13%
ATRC	C	-0.13%
SRRK	B	-0.13%
CPRX	C	-0.13%
WSR	A	-0.13%
OTTR	C	-0.12%
AMRX	C	-0.12%
NRIX	D	-0.12%
USLM	A	-0.12%
BSIG	A	-0.12%
TRUP	B	-0.12%
CRNX	C	-0.12%
EAT	A	-0.12%
KREF	D	-0.12%
HCAT	D	-0.11%
TREE	F	-0.11%
ACAD	D	-0.11%
CDNA	D	-0.11%
CHX	C	-0.11%
HCI	C	-0.11%
ALTR	B	-0.11%
AMSC	B	-0.11%
BRC	D	-0.11%
AUR	C	-0.11%
SKT	B	-0.11%
DYN	F	-0.11%
KURA	F	-0.1%
RKLB	B	-0.1%
BCPC	B	-0.1%
SLVM	B	-0.1%
AGS	A	-0.1%
BCRX	D	-0.1%
ALE	A	-0.1%
GKOS	B	-0.1%
ADMA	B	-0.1%
ADUS	D	-0.1%
KRYS	B	-0.1%
LADR	B	-0.1%
GMRE	F	-0.1%
TGTX	B	-0.1%
FLYW	C	-0.1%
PL	A	-0.09%
TNDM	F	-0.09%
FSS	B	-0.09%
ACLX	C	-0.09%
SPT	C	-0.09%
LGND	B	-0.09%
AMBA	B	-0.09%
ARQT	C	-0.09%
ACMR	F	-0.09%
HLIT	D	-0.09%
MYGN	F	-0.09%
EQC	B	-0.09%
FORM	D	-0.09%
TRUE	B	-0.09%
RDFN	D	-0.09%
FTDR	A	-0.08%
TDOC	C	-0.08%
LUNR	B	-0.08%
KOD	C	-0.08%
RXRX	F	-0.08%
AKBA	C	-0.08%
CDMO	B	-0.08%
TARS	B	-0.08%
KTB	B	-0.08%
AIN	C	-0.08%
MEDP	D	-0.07%
AXSM	B	-0.07%
EOLS	D	-0.07%
IRWD	F	-0.07%
AMPH	D	-0.07%
OPEN	D	-0.07%
JAMF	F	-0.07%
SEM	B	-0.07%
UNIT	B	-0.07%
REPL	B	-0.07%
WVE	C	-0.07%
ARAY	D	-0.07%
SNBR	F	-0.07%
BBIO	F	-0.07%
COLL	F	-0.07%
HBI	B	-0.07%
ADPT	C	-0.07%
EBS	C	-0.07%
DEA	D	-0.07%
BLKB	B	-0.07%
MCRI	A	-0.06%
ALHC	C	-0.06%
SGMO	C	-0.06%
BOOT	D	-0.06%
ARVN	D	-0.06%
RXO	C	-0.06%
RVNC	F	-0.06%
ORIC	F	-0.06%
CERS	C	-0.06%
CDXS	B	-0.06%
SNDX	F	-0.06%
GIC	D	-0.06%
BKD	D	-0.06%
NARI	C	-0.06%
LNTH	D	-0.06%
DNLI	D	-0.06%
AGIO	C	-0.06%
WEAV	B	-0.06%
UEC	B	-0.06%
NUVB	C	-0.06%
NVAX	F	-0.06%
TMCI	D	-0.05%
COGT	D	-0.05%
ARWR	F	-0.05%
ACIW	B	-0.05%
TXRH	C	-0.05%
CCCC	F	-0.05%
NPAB	B	-0.05%
ATRO	D	-0.05%
PTON	B	-0.05%
ANNX	F	-0.05%
UHT	D	-0.05%
QTRX	F	-0.05%
ARCT	F	-0.05%
NRDS	C	-0.05%
ONTO	D	-0.05%
HNST	B	-0.05%
ERAS	C	-0.05%
AKRO	B	-0.05%
EE	A	-0.05%
APPN	B	-0.05%
LMAT	A	-0.04%
LPSN	F	-0.04%
STRO	F	-0.04%
CSR	B	-0.04%
ZNTL	F	-0.04%
IDYA	F	-0.04%
BLBD	D	-0.04%
PTGX	C	-0.04%
WFRD	D	-0.04%
IOVA	F	-0.04%
ALLK	D	-0.04%
KALV	D	-0.04%
GERN	D	-0.04%
CXM	C	-0.04%
OABI	F	-0.04%
NUVL	D	-0.04%
SAGE	F	-0.04%
NXRT	B	-0.04%
NSP	D	-0.04%
KLG	C	-0.04%
DSGN	C	-0.04%
BRSP	B	-0.04%
ALX	D	-0.04%
ETNB	C	-0.04%
CRVL	A	-0.04%
BASE	C	-0.04%
VCTR	B	-0.04%
BECN	B	-0.04%
COUR	F	-0.04%
NSSC	D	-0.04%
ZIP	F	-0.04%
MLNK	B	-0.04%
RLAY	F	-0.03%
FIZZ	C	-0.03%
BEAM	D	-0.03%
ENTA	F	-0.03%
SANA	F	-0.03%
PKE	B	-0.03%
TSHA	C	-0.03%
RLMD	F	-0.03%
RCKT	F	-0.03%
ANIK	F	-0.03%
MED	F	-0.03%
IDT	B	-0.03%
ENSG	D	-0.03%
HIMS	C	-0.03%
MTRN	C	-0.03%
HUMA	F	-0.03%
TSVT	F	-0.03%
PRTS	C	-0.03%
EDIT	F	-0.03%
CWCO	C	-0.03%
CLDX	F	-0.03%
FNKO	D	-0.03%
BDTX	F	-0.03%
ETWO	F	-0.03%
ARRY	D	-0.03%
VSCO	B	-0.03%
ICFI	F	-0.03%
MCY	A	-0.03%
TERN	F	-0.03%
MGNX	F	-0.03%
FATE	F	-0.03%
VCEL	B	-0.03%
GRC	A	-0.03%
HRTX	F	-0.03%
CTMX	F	-0.02%
EB	C	-0.02%
SVRA	D	-0.02%
ALEC	F	-0.02%
NTLA	F	-0.02%
DIN	C	-0.02%
ONTF	C	-0.02%
TNYA	C	-0.02%
NKTR	F	-0.02%
DVAX	C	-0.02%
MQ	F	-0.02%
PGEN	F	-0.02%
TNET	D	-0.02%
ALT	C	-0.02%
CRBU	F	-0.02%
UPLD	C	-0.02%
NKTX	F	-0.02%
ABUS	D	-0.02%
MRSN	D	-0.02%
JBSS	D	-0.02%
XNCR	B	-0.02%
PBYI	C	-0.02%
ACET	F	-0.02%
TSE	F	-0.02%
DOC	D	-0.02%
KPTI	C	-0.02%
ABSI	F	-0.02%
VERA	B	-0.02%
KYMR	D	-0.02%
YMAB	F	-0.02%
NABL	F	-0.02%
SWTX	C	-0.02%
HROW	D	-0.02%
ANIP	F	-0.02%
SPCE	D	-0.01%
STNE	F	-0.01%
INO	F	-0.01%
ALVR	F	-0.01%
ZDGE	F	-0.01%
FGEN	D	-0.01%
IMVT	F	-0.01%
ADAP	F	-0.01%
CHRS	D	-0.01%
SMMT	D	-0.01%
XBIT	F	-0.01%