DFSV vs. FNCL ETF Comparison

Comparison of Dimensional US Small Cap Value ETF (DFSV) to Fidelity MSCI Financials Index ETF (FNCL)

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

$32.75

Average Daily Volume

569,896

Number of Holdings ^*

948

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.68

Average Daily Volume

112,716

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	DFSV	FNCL
30 Days	6.96%	7.55%
60 Days	7.06%	11.91%
90 Days	6.44%	14.78%
12 Months	28.23%	47.47%

158 Overlapping Holdings

Symbol	Grade	Weight in DFSV	Weight in FNCL	Overlap
ABCB	B	0.41%	0.06%	0.06%
ACT	C	0.21%	0.02%	0.02%
AGO	B	0.45%	0.06%	0.06%
AMAL	B	0.03%	0.01%	0.01%
AMBC	C	0.04%	0.01%	0.01%
AMTB	B	0.04%	0.01%	0.01%
AROW	B	0.0%	0.0%	0.0%
ASB	B	0.38%	0.05%	0.05%
AUB	B	0.3%	0.04%	0.04%
AXS	A	0.38%	0.09%	0.09%
BANC	B	0.01%	0.03%	0.01%
BANR	B	0.2%	0.03%	0.03%
BFH	C	0.27%	0.01%	0.01%
BFST	C	0.03%	0.01%	0.01%
BHB	C	0.04%	0.01%	0.01%
BHF	C	0.26%	0.04%	0.04%
BHLB	B	0.11%	0.02%	0.02%
BHRB	B	0.02%	0.01%	0.01%
BKU	A	0.28%	0.04%	0.04%
BOKF	B	0.42%	0.04%	0.04%
BPOP	C	0.39%	0.09%	0.09%
BRKL	B	0.09%	0.01%	0.01%
BUSE	B	0.12%	0.02%	0.02%
BY	B	0.09%	0.01%	0.01%
CAC	C	0.04%	0.01%	0.01%
CADE	B	0.53%	0.08%	0.08%
CATY	B	0.31%	0.04%	0.04%
CCBG	B	0.01%	0.01%	0.01%
CFB	B	0.06%	0.01%	0.01%
CFFN	C	0.02%	0.01%	0.01%
CMA	B	0.4%	0.11%	0.11%
CNOB	B	0.09%	0.01%	0.01%
COLB	B	0.38%	0.08%	0.08%
CPF	B	0.03%	0.01%	0.01%
CTBI	B	0.05%	0.01%	0.01%
CUBI	B	0.17%	0.02%	0.02%
CVBF	A	0.22%	0.04%	0.04%
DCOM	B	0.12%	0.01%	0.01%
DGICA	A	0.03%	0.0%	0.0%
EBC	B	0.24%	0.04%	0.04%
ECPG	C	0.08%	0.01%	0.01%
EFSC	B	0.16%	0.03%	0.03%
EGBN	B	0.07%	0.01%	0.01%
EIG	B	0.13%	0.02%	0.02%
ENVA	B	0.01%	0.03%	0.01%
EQBK	B	0.02%	0.01%	0.01%
ESGR	B	0.3%	0.05%	0.05%
ESNT	F	0.41%	0.07%	0.07%
EZPW	B	0.07%	0.01%	0.01%
FAF	A	0.24%	0.08%	0.08%
FBK	C	0.06%	0.03%	0.03%
FBMS	B	0.09%	0.01%	0.01%
FBNC	B	0.14%	0.02%	0.02%
FCBC	C	0.01%	0.01%	0.01%
FCF	B	0.15%	0.02%	0.02%
FFBC	B	0.25%	0.03%	0.03%
FHB	B	0.28%	0.05%	0.05%
FHN	A	0.6%	0.14%	0.14%
FIBK	B	0.29%	0.04%	0.04%
FMBH	B	0.05%	0.01%	0.01%
FMNB	B	0.0%	0.01%	0.0%
FNB	A	0.55%	0.08%	0.08%
FRME	B	0.21%	0.03%	0.03%
FULT	A	0.32%	0.04%	0.04%
GDOT	D	0.03%	0.01%	0.01%
GNW	A	0.3%	0.04%	0.04%
GSBC	C	0.02%	0.01%	0.01%
HAFC	B	0.06%	0.01%	0.01%
HBNC	B	0.06%	0.01%	0.01%
HBT	B	0.0%	0.0%	0.0%
HFWA	C	0.07%	0.01%	0.01%
HMN	B	0.13%	0.02%	0.02%
HOMB	A	0.07%	0.07%	0.07%
HONE	C	0.04%	0.01%	0.01%
HOPE	C	0.13%	0.02%	0.02%
HTBK	B	0.05%	0.01%	0.01%
HTLF	B	0.2%	0.04%	0.04%
HWC	B	0.41%	0.06%	0.06%
IBCP	B	0.02%	0.01%	0.01%
IBOC	B	0.04%	0.05%	0.04%
IBTX	B	0.21%	0.03%	0.03%
INDB	B	0.24%	0.04%	0.04%
IVZ	B	0.62%	0.07%	0.07%
JHG	B	0.36%	0.08%	0.08%
JXN	C	0.67%	0.09%	0.09%
KRNY	C	0.04%	0.01%	0.01%
LC	A	0.16%	0.02%	0.02%
MBIN	F	0.01%	0.01%	0.01%
MBWM	B	0.08%	0.01%	0.01%
MCB	B	0.02%	0.01%	0.01%
MSBI	B	0.05%	0.01%	0.01%
MTG	C	0.55%	0.08%	0.08%
NAVI	F	0.13%	0.02%	0.02%
NBHC	C	0.12%	0.02%	0.02%
NBTB	B	0.02%	0.03%	0.02%
NFBK	C	0.04%	0.01%	0.01%
NIC	B	0.05%	0.02%	0.02%
NMIH	C	0.09%	0.04%	0.04%
NNI	D	0.26%	0.02%	0.02%
NWBI	B	0.17%	0.02%	0.02%
OBK	C	0.06%	0.01%	0.01%
OCFC	B	0.09%	0.02%	0.02%
OFG	B	0.02%	0.02%	0.02%
ONB	C	0.54%	0.09%	0.09%
ORI	A	0.01%	0.12%	0.01%
OSBC	A	0.05%	0.01%	0.01%
OZK	B	0.45%	0.06%	0.06%
PB	B	0.61%	0.1%	0.1%
PEBO	B	0.12%	0.02%	0.02%
PFC	B	0.09%	0.01%	0.01%
PFS	B	0.26%	0.03%	0.03%
PFSI	C	0.01%	0.05%	0.01%
PGC	B	0.05%	0.01%	0.01%
PNFP	B	0.57%	0.12%	0.12%
PPBI	C	0.23%	0.03%	0.03%
PRA	C	0.06%	0.01%	0.01%
PRAA	D	0.05%	0.01%	0.01%
QCRH	B	0.09%	0.02%	0.02%
RBCAA	B	0.06%	0.01%	0.01%
RDN	D	0.03%	0.07%	0.03%
RNST	B	0.19%	0.03%	0.03%
RPAY	D	0.04%	0.01%	0.01%
SASR	B	0.15%	0.02%	0.02%
SBCF	B	0.11%	0.03%	0.03%
SBSI	C	0.03%	0.01%	0.01%
SFNC	C	0.25%	0.04%	0.04%
SMBC	B	0.01%	0.01%	0.01%
SNV	C	0.16%	0.11%	0.11%
SPFI	C	0.01%	0.01%	0.01%
SPNT	B	0.19%	0.02%	0.02%
SRCE	B	0.04%	0.02%	0.02%
SSB	B	0.41%	0.1%	0.1%
STBA	B	0.13%	0.02%	0.02%
STC	B	0.06%	0.02%	0.02%
TCBI	C	0.35%	0.05%	0.05%
TCBK	C	0.1%	0.02%	0.02%
THFF	B	0.05%	0.01%	0.01%
TMP	B	0.04%	0.01%	0.01%
TOWN	B	0.21%	0.03%	0.03%
TRMK	C	0.19%	0.03%	0.03%
TRST	B	0.06%	0.01%	0.01%
UBSI	B	0.47%	0.07%	0.07%
UCB	A	0.33%	0.04%	0.04%
UFCS	A	0.05%	0.01%	0.01%
UMBF	B	0.11%	0.07%	0.07%
UVE	B	0.0%	0.01%	0.0%
UVSP	B	0.08%	0.01%	0.01%
VBTX	B	0.13%	0.02%	0.02%
VLY	B	0.4%	0.06%	0.06%
WAFD	B	0.28%	0.04%	0.04%
WAL	B	0.29%	0.12%	0.12%
WASH	C	0.04%	0.01%	0.01%
WBS	A	0.57%	0.13%	0.13%
WSBC	B	0.2%	0.03%	0.03%
WSFS	B	0.29%	0.04%	0.04%
WTFC	A	0.45%	0.11%	0.11%
WTM	A	0.41%	0.06%	0.06%
ZION	B	0.51%	0.11%	0.11%

DFSV Overweight 790 Positions Relative to FNCL

Symbol	Grade	Weight
TMHC	C	0.68%
X	B	0.64%
LAD	A	0.6%
CMC	B	0.59%
DTM	A	0.58%
CNX	A	0.57%
MHK	D	0.57%
BWA	D	0.54%
FYBR	C	0.54%
WCC	B	0.54%
KNX	C	0.53%
THO	B	0.52%
AMKR	D	0.51%
ALK	B	0.51%
GPI	B	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	B	0.46%
AVT	C	0.46%
OSK	C	0.45%
SM	B	0.45%
MATX	C	0.44%
R	B	0.43%
ARW	D	0.43%
DAR	C	0.43%
GATX	A	0.42%
MUR	D	0.41%
ACA	A	0.41%
SKYW	C	0.4%
NOV	C	0.4%
DNB	B	0.4%
SANM	B	0.4%
RRC	B	0.39%
ABG	C	0.39%
JAZZ	B	0.39%
MOS	F	0.38%
MTDR	B	0.38%
ADTN	A	0.37%
TPH	D	0.37%
AGCO	D	0.36%
LEA	F	0.36%
AVNT	B	0.35%
HOG	D	0.35%
BIO	C	0.34%
CRK	B	0.34%
M	F	0.34%
LTH	C	0.33%
PBF	D	0.33%
ST	F	0.33%
ABM	B	0.33%
URBN	C	0.32%
HP	C	0.32%
INGR	C	0.31%
BTU	B	0.31%
TDS	B	0.31%
RUSHA	C	0.3%
KFY	B	0.3%
HUBG	A	0.3%
ASH	F	0.3%
GHC	B	0.29%
DXC	B	0.29%
PRGO	C	0.29%
RIG	D	0.29%
ALIT	C	0.29%
FMC	D	0.28%
CRC	A	0.27%
HUN	F	0.27%
REZI	A	0.27%
STNG	F	0.27%
TGNA	B	0.26%
MDU	D	0.26%
ATGE	B	0.26%
CCS	D	0.26%
JLL	D	0.26%
DINO	D	0.26%
CWK	C	0.26%
CIVI	D	0.26%
VAC	C	0.25%
NJR	A	0.25%
XRAY	F	0.25%
NWL	C	0.25%
GTLS	A	0.25%
UNF	B	0.25%
LBRT	D	0.24%
MAN	F	0.24%
MIDD	C	0.24%
GXO	B	0.24%
PBH	A	0.24%
ARCH	B	0.23%
NEOG	F	0.23%
TTMI	C	0.23%
HHH	B	0.23%
NVST	B	0.22%
WERN	C	0.22%
BILL	A	0.22%
CHRD	D	0.22%
SNDR	B	0.22%
BERY	C	0.22%
SEB	F	0.22%
MTX	B	0.22%
LGIH	F	0.22%
ENOV	C	0.21%
GBX	A	0.21%
AMR	C	0.21%
ARCB	C	0.21%
ZD	B	0.21%
GT	C	0.21%
ESI	B	0.21%
AAP	D	0.21%
IPGP	D	0.21%
CALM	A	0.2%
HGV	C	0.2%
AZTA	D	0.2%
INSW	F	0.2%
WHR	B	0.2%
CPA	D	0.2%
JBT	B	0.19%
GEF	A	0.19%
VSH	F	0.19%
WMK	C	0.19%
NOG	B	0.19%
PINC	B	0.19%
STRA	C	0.19%
AIR	B	0.18%
ASO	F	0.18%
EPC	F	0.18%
KMT	B	0.18%
MIR	A	0.18%
DIOD	D	0.18%
AA	A	0.18%
KAR	B	0.18%
CEIX	A	0.18%
HI	C	0.17%
FL	F	0.17%
LZB	B	0.17%
DHT	F	0.17%
FDP	B	0.16%
B	A	0.16%
LCII	C	0.16%
ORA	B	0.16%
SIG	B	0.16%
AEO	F	0.16%
WKC	C	0.16%
KSS	F	0.16%
CENTA	C	0.16%
USM	B	0.16%
BCC	B	0.16%
GAP	C	0.16%
ELAN	D	0.16%
CMRE	C	0.16%
OI	C	0.16%
PHIN	A	0.16%
TALO	C	0.16%
UA	C	0.16%
BHE	C	0.16%
LBRDK	C	0.16%
ANDE	D	0.16%
GPOR	B	0.16%
UAA	C	0.15%
WGO	C	0.15%
PPC	C	0.15%
TROX	D	0.15%
PRDO	B	0.15%
HLX	B	0.15%
THS	D	0.14%
DNOW	B	0.14%
MODG	F	0.14%
MLKN	F	0.14%
SWI	C	0.14%
UVV	B	0.14%
AMWD	C	0.14%
ROG	D	0.14%
PLAB	C	0.13%
SON	F	0.13%
PRM	C	0.13%
CABO	B	0.13%
FA	C	0.13%
SFL	D	0.13%
TKR	D	0.13%
ADNT	F	0.13%
VSTO	A	0.13%
SKX	D	0.13%
SCL	C	0.13%
KN	B	0.13%
ICUI	D	0.13%
SCSC	C	0.12%
KBH	D	0.12%
LPG	F	0.12%
INVA	D	0.12%
WTTR	A	0.12%
MRTN	D	0.12%
SUPN	C	0.12%
NHC	C	0.12%
DAN	D	0.12%
TPC	C	0.12%
PRIM	A	0.12%
XPRO	D	0.12%
GIII	D	0.12%
LRN	A	0.12%
HLIO	B	0.12%
FOR	F	0.12%
UNFI	A	0.11%
ITGR	B	0.11%
ATSG	B	0.11%
TEX	F	0.11%
SAH	C	0.11%
COHU	C	0.11%
SCS	C	0.11%
BV	C	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	C	0.1%
RES	D	0.1%
APA	D	0.1%
BXC	B	0.1%
PLYA	B	0.1%
VAL	F	0.1%
IMKTA	C	0.1%
GMS	B	0.1%
DOLE	D	0.1%
SXC	A	0.1%
IART	C	0.1%
ALGT	B	0.09%
AOSL	C	0.09%
TRN	B	0.09%
DCO	C	0.09%
ASGN	F	0.09%
VTOL	B	0.09%
TRS	B	0.09%
CRGY	B	0.09%
LILAK	D	0.09%
HL	D	0.09%
ETD	C	0.08%
REX	D	0.08%
DLX	B	0.08%
MRCY	C	0.08%
LAUR	A	0.08%
PATK	C	0.08%
KALU	C	0.08%
RAMP	B	0.08%
ODP	F	0.08%
VTLE	C	0.08%
OMI	F	0.08%
ENS	F	0.08%
DK	C	0.08%
NTCT	C	0.08%
ECVT	C	0.08%
ROCK	C	0.07%
NMRK	C	0.07%
XRX	F	0.07%
SMP	C	0.07%
MLR	C	0.07%
NX	C	0.07%
PSMT	D	0.07%
ASIX	B	0.07%
AVNS	F	0.07%
GLDD	B	0.07%
DGII	C	0.07%
AZZ	A	0.07%
ASTE	C	0.07%
HSII	B	0.07%
PLXS	B	0.07%
EYE	C	0.07%
VSTS	C	0.07%
ACHC	F	0.07%
PUMP	C	0.07%
CLVT	D	0.06%
NXST	C	0.06%
HAYN	A	0.06%
MCS	B	0.06%
EBF	F	0.06%
HAYW	B	0.06%
RCM	A	0.06%
MTUS	C	0.06%
KWR	C	0.06%
JELD	F	0.06%
PCRX	C	0.06%
CERT	F	0.06%
MNRO	D	0.06%
DXPE	C	0.06%
KOP	C	0.06%
SCHL	F	0.06%
VSEC	C	0.06%
HTLD	C	0.06%
MGNI	B	0.06%
CE	F	0.06%
MGPI	F	0.06%
GNK	D	0.06%
SPTN	D	0.06%
RYI	C	0.06%
AXL	C	0.06%
HZO	F	0.06%
JBLU	F	0.06%
WOR	F	0.05%
SBH	C	0.05%
THR	B	0.05%
NVRI	D	0.05%
ZEUS	C	0.05%
GES	F	0.05%
WNC	C	0.05%
NR	B	0.05%
LBRDA	C	0.05%
MRC	B	0.05%
SWBI	C	0.05%
ATKR	D	0.05%
PDCO	F	0.05%
SNCY	C	0.05%
HNI	B	0.05%
CPRI	F	0.05%
FWRG	C	0.05%
RYAM	C	0.05%
ASC	F	0.05%
RRX	B	0.05%
CNXN	C	0.05%
PLPC	B	0.05%
CZR	F	0.05%
NWPX	A	0.05%
ICHR	C	0.05%
PRLB	B	0.05%
DNUT	F	0.05%
NAT	F	0.05%
ZI	D	0.05%
NAPA	A	0.05%
CAL	F	0.05%
SMPL	B	0.04%
KOS	D	0.04%
REPX	A	0.04%
IAS	C	0.04%
CCNE	C	0.04%
FISI	B	0.04%
BJRI	C	0.04%
CTOS	B	0.04%
CACI	D	0.04%
CLW	F	0.04%
LOCO	D	0.04%
UFPI	C	0.04%
GRBK	D	0.04%
AMRC	F	0.04%
GRNT	B	0.04%
ADV	D	0.04%
HII	F	0.04%
HTBI	B	0.04%
OEC	C	0.04%
USNA	C	0.04%
UCTT	D	0.04%
HCSG	C	0.04%
FFIC	B	0.04%
TRC	F	0.04%
KRO	C	0.04%
FUL	F	0.04%
VRNT	C	0.04%
RDUS	B	0.04%
KE	C	0.04%
MATW	C	0.04%
TILE	B	0.04%
MBUU	B	0.04%
CENT	C	0.04%
BSRR	B	0.04%
HNRG	B	0.04%
AVO	C	0.04%
GLRE	B	0.04%
MD	C	0.04%
PLUS	F	0.04%
VREX	B	0.04%
HTZ	C	0.04%
FBIZ	B	0.03%
INBK	B	0.03%
CIVB	B	0.03%
TFX	F	0.03%
WSBF	C	0.03%
HBCP	C	0.03%
VPG	F	0.03%
LXU	B	0.03%
ACCO	C	0.03%
LEGH	D	0.03%
HCC	B	0.03%
WLFC	B	0.03%
HRTG	C	0.03%
BMBL	C	0.03%
AMPY	C	0.03%
RM	C	0.03%
IPI	C	0.03%
NGS	B	0.03%
PKOH	C	0.03%
AMPS	C	0.03%
NPK	B	0.03%
BAND	B	0.03%
EGY	D	0.03%
MMI	C	0.03%
BRY	F	0.03%
SWIM	C	0.03%
IIIN	C	0.03%
KELYA	F	0.03%
OXM	F	0.03%
PACK	B	0.03%
MTW	C	0.03%
VLGEA	C	0.03%
FRPH	B	0.03%
USAP	B	0.03%
METC	C	0.03%
BOC	C	0.03%
SHEN	F	0.03%
GTN	F	0.03%
HVT	D	0.03%
MOFG	B	0.03%
MSGE	F	0.03%
LOVE	A	0.03%
GCO	C	0.03%
WS	C	0.03%
BGS	F	0.03%
SMBK	B	0.03%
PKBK	A	0.02%
UNTY	B	0.02%
HAIN	D	0.02%
NEO	C	0.02%
GDEN	B	0.02%
BCBP	B	0.02%
KIDS	D	0.02%
ORGO	B	0.02%
RCKY	F	0.02%
CDE	C	0.02%
THRM	F	0.02%
RBB	B	0.02%
RMAX	C	0.02%
LAKE	B	0.02%
MERC	F	0.02%
FFWM	C	0.02%
GPRE	F	0.02%
SSTK	F	0.02%
ISTR	B	0.02%
WNEB	A	0.02%
NTGR	B	0.02%
RELL	B	0.02%
DBI	F	0.02%
WEYS	C	0.02%
QRVO	F	0.02%
MEC	F	0.02%
HOFT	B	0.02%
NECB	C	0.02%
BELFB	C	0.02%
CARS	C	0.02%
TSBK	A	0.02%
TWI	F	0.02%
KODK	B	0.02%
PARA	C	0.02%
SENEA	A	0.02%
HOV	D	0.02%
DAKT	C	0.02%
FUNC	B	0.02%
VSAT	F	0.02%
AHCO	F	0.02%
ALG	B	0.02%
MCFT	C	0.02%
ZIMV	D	0.02%
ULH	C	0.02%
BMRC	B	0.02%
CFFI	A	0.02%
PANL	F	0.02%
OSUR	F	0.02%
MPB	B	0.02%
NGVC	A	0.02%
FF	F	0.02%
GENC	C	0.02%
CLNE	F	0.02%
SEG	B	0.02%
ORRF	B	0.02%
FSTR	B	0.02%
FRST	B	0.02%
ZUMZ	B	0.02%
FLXS	B	0.02%
TCBX	B	0.02%
NVEE	F	0.02%
SHBI	B	0.02%
BCML	B	0.02%
CCRN	F	0.02%
CARE	C	0.02%
FLIC	B	0.02%
JAKK	C	0.02%
FLWS	D	0.02%
LSEA	D	0.02%
OIS	B	0.02%
AMCX	C	0.02%
RLGT	B	0.02%
GSM	D	0.02%
RGP	F	0.02%
CRSR	C	0.02%
TITN	C	0.02%
RNGR	A	0.02%
JOUT	F	0.02%
LILA	D	0.02%
ATNI	F	0.02%
VMEO	B	0.02%
RBBN	C	0.02%
MOV	D	0.02%
CVI	F	0.01%
CPS	C	0.01%
NL	B	0.01%
PVBC	B	0.01%
EML	D	0.01%
ORN	B	0.01%
MCW	C	0.01%
TWIN	F	0.01%
DHX	D	0.01%
ODC	B	0.01%
KW	C	0.01%
TBNK	B	0.01%
VTSI	C	0.01%
ARC	A	0.01%
APEI	B	0.01%
BWFG	B	0.01%
CZNC	C	0.01%
SBT	C	0.01%
EVBN	B	0.01%
STRS	B	0.01%
SPWH	F	0.01%
FNWB	C	0.01%
NBR	C	0.01%
TTEC	F	0.01%
SGA	D	0.01%
LYTS	B	0.01%
HMST	F	0.01%
GNTY	A	0.01%
SLQT	C	0.01%
THRY	D	0.01%
FONR	D	0.01%
AMN	F	0.01%
CSTL	D	0.01%
VNDA	C	0.01%
MITK	C	0.01%
ANGI	F	0.01%
ACTG	D	0.01%
MEG	F	0.01%
VYGR	F	0.01%
TBI	F	0.01%
PHX	A	0.01%
ACNB	B	0.01%
ANGO	C	0.01%
NATR	C	0.01%
TTSH	F	0.01%
FRD	F	0.01%
FARO	C	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	C	0.01%
AESI	B	0.01%
BZH	C	0.01%
GEOS	B	0.01%
TRDA	C	0.01%
ULBI	F	0.01%
MPAA	B	0.01%
EPM	A	0.01%
RVSB	B	0.01%
LCUT	F	0.01%
CLFD	F	0.01%
CTRN	F	0.01%
DXLG	D	0.01%
BALY	B	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	A	0.01%
RUSHB	C	0.01%
PFIS	A	0.01%
HDSN	F	0.01%
CBAN	B	0.01%
SGC	C	0.01%
BSET	C	0.01%
LGF.A	C	0.01%
PYCR	B	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%
MYE	F	0.01%
NRIM	A	0.01%
HURC	B	0.01%
UTMD	F	0.01%
BLFY	B	0.01%
FET	F	0.01%
BH	B	0.01%
LINC	C	0.01%
OLPX	D	0.01%
CNDT	C	0.01%
FSBW	C	0.01%
SHYF	C	0.01%
AVD	C	0.01%
RUN	F	0.01%
CVEO	F	0.01%
VRA	C	0.01%
TCMD	B	0.01%
SMHI	F	0.01%
BOOM	F	0.01%
FRBA	D	0.01%
STRT	B	0.01%
BBCP	D	0.01%
GCI	D	0.01%
MG	D	0.01%
PARR	F	0.01%
PCB	B	0.01%
LXFR	C	0.01%
ASUR	C	0.01%
RBKB	A	0.0%
LSBK	A	0.0%
FCAP	D	0.0%
HWBK	B	0.0%
FSFG	A	0.0%
LUNA	F	0.0%
CFBK	B	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	B	0.0%
NSYS	D	0.0%
LGL	B	0.0%
DAIO	C	0.0%
GPRO	F	0.0%
OPY	B	0.0%
SLNG	C	0.0%
HNNA	B	0.0%
DIT	F	0.0%
CPSS	B	0.0%
FUSB	A	0.0%
FKWL	C	0.0%
BDL	F	0.0%
WHLM	F	0.0%
MGYR	A	0.0%
OVBC	A	0.0%
ALTO	F	0.0%
CULP	D	0.0%
WVVI	F	0.0%
CCRD	B	0.0%
EVI	F	0.0%
OPHC	C	0.0%
ALOT	C	0.0%
SSTI	C	0.0%
ATLO	C	0.0%
FRAF	A	0.0%
TAYD	D	0.0%
COOK	D	0.0%
AFBI	C	0.0%
UONEK	F	0.0%
NTIC	B	0.0%
LIVE	F	0.0%
LGF.A	C	0.0%
CBFV	A	0.0%
ESCA	B	0.0%
AIOT	B	0.0%
AMS	C	0.0%
CKX	F	0.0%
FLL	C	0.0%
OVLY	B	0.0%
AE	A	0.0%
AXTI	F	0.0%
METCB	F	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	A	0.0%
EBMT	B	0.0%
MBCN	C	0.0%
CRWS	D	0.0%
SD	D	0.0%
FTK	B	0.0%
UEIC	B	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	A	0.0%
NBN	C	0.0%
ITOS	F	0.0%
AC	B	0.0%
CZFS	B	0.0%
PPIH	B	0.0%
CATO	D	0.0%
HIFS	C	0.0%
DLHC	F	0.0%
KVHI	B	0.0%
ACU	C	0.0%
ARKO	C	0.0%
TUSK	F	0.0%
SGRP	D	0.0%
ONEW	F	0.0%
HBB	F	0.0%
NNBR	C	0.0%
LCNB	B	0.0%
DCGO	B	0.0%
TLYS	F	0.0%
BCAL	B	0.0%
HY	D	0.0%
SPOK	B	0.0%
FCCO	B	0.0%
GAIA	A	0.0%
OB	B	0.0%
BCOV	B	0.0%
FMAO	B	0.0%
IOSP	C	0.0%
MNTX	B	0.0%
HPK	B	0.0%
CTKB	C	0.0%
EVC	C	0.0%
HSTM	B	0.0%
DLTH	D	0.0%
WLDN	C	0.0%
CVGI	F	0.0%
EPSN	B	0.0%
POWW	F	0.0%
CMP	C	0.0%
SBFG	B	0.0%
CIX	D	0.0%
MYFW	B	0.0%
SSP	F	0.0%
CZWI	A	0.0%
RSVR	B	0.0%
KTCC	C	0.0%
FPH	C	0.0%
INTT	C	0.0%
ATLC	A	0.0%
AXR	B	0.0%
VEL	A	0.0%
VCYT	B	0.0%
ACDC	B	0.0%
RIOT	C	0.0%
MATV	D	0.0%
EHTH	C	0.0%
CHMG	B	0.0%
FORR	C	0.0%
QUAD	C	0.0%
AVNW	F	0.0%
CNMD	C	0.0%
PAHC	C	0.0%
NEXA	B	0.0%
III	C	0.0%
EVH	F	0.0%
IBEX	B	0.0%
CMTL	F	0.0%
LFST	B	0.0%
PNRG	A	0.0%
CHGG	C	0.0%
CRNC	C	0.0%
SSYS	B	0.0%
IMMR	C	0.0%
OLO	A	0.0%
MVBF	C	0.0%
ALRS	D	0.0%
KEQU	B	0.0%
CNSL	C	0.0%

DFSV Underweight 222 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.6%
BRK.A	B	-7.67%
V	A	-6.01%
MA	B	-5.35%
BAC	A	-4.0%
WFC	A	-3.14%
GS	A	-2.35%
AXP	A	-2.05%
SPGI	C	-2.02%
MS	A	-2.0%
BLK	B	-1.93%
PGR	A	-1.87%
C	A	-1.61%
BX	A	-1.6%
FI	A	-1.53%
SCHW	B	-1.5%
CB	C	-1.37%
MMC	B	-1.35%
KKR	A	-1.16%
ICE	C	-1.11%
PYPL	B	-1.05%
PNC	B	-1.03%
CME	B	-0.99%
USB	A	-0.98%
MCO	B	-0.98%
AON	A	-0.91%
COF	C	-0.87%
APO	B	-0.81%
AJG	A	-0.8%
TFC	A	-0.77%
AFL	B	-0.74%
TRV	B	-0.73%
BK	A	-0.71%
AMP	A	-0.69%
COIN	C	-0.66%
ALL	A	-0.64%
MET	A	-0.63%
AIG	B	-0.63%
FIS	C	-0.61%
MSCI	C	-0.59%
SQ	A	-0.58%
PRU	A	-0.56%
DFS	B	-0.54%
ACGL	C	-0.46%
MTB	A	-0.44%
HIG	B	-0.43%
NDAQ	A	-0.42%
WTW	B	-0.4%
FITB	B	-0.4%
ARES	A	-0.39%
RJF	A	-0.39%
GPN	B	-0.37%
STT	B	-0.35%
BRO	B	-0.33%
TROW	B	-0.33%
HBAN	A	-0.32%
SYF	B	-0.32%
CPAY	A	-0.31%
RF	A	-0.3%
LPLA	A	-0.29%
CINF	A	-0.29%
MKL	A	-0.28%
CFG	B	-0.27%
NTRS	A	-0.27%
FCNCA	A	-0.27%
CBOE	C	-0.26%
PFG	D	-0.25%
KEY	B	-0.23%
WRB	A	-0.23%
FDS	B	-0.23%
IBKR	A	-0.22%
HOOD	B	-0.21%
L	A	-0.2%
EG	C	-0.2%
RGA	A	-0.19%
EQH	C	-0.19%
FNF	B	-0.19%
EWBC	A	-0.18%
TOST	B	-0.18%
TW	A	-0.18%
SOFI	B	-0.17%
RNR	C	-0.17%
UNM	A	-0.16%
AFRM	A	-0.16%
JKHY	D	-0.16%
AIZ	A	-0.15%
CG	B	-0.15%
SF	B	-0.15%
JEF	A	-0.15%
EVR	B	-0.14%
ERIE	D	-0.13%
GL	C	-0.13%
AFG	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PRI	B	-0.13%
MORN	B	-0.12%
HLI	A	-0.12%
ALLY	C	-0.12%
MKTX	D	-0.12%
CBSH	B	-0.11%
SEIC	B	-0.11%
VOYA	B	-0.1%
CFR	B	-0.1%
OMF	A	-0.09%
RLI	A	-0.09%
RYAN	A	-0.09%
HLNE	B	-0.09%
WEX	D	-0.09%
BEN	C	-0.08%
GBCI	B	-0.08%
COOP	B	-0.08%
AGNC	C	-0.08%
FOUR	A	-0.07%
LNC	C	-0.07%
THG	A	-0.07%
STWD	C	-0.07%
SIGI	C	-0.07%
AMG	B	-0.07%
PIPR	A	-0.07%
KMPR	A	-0.06%
EEFT	B	-0.06%
CNO	B	-0.06%
MC	C	-0.06%
SFBS	C	-0.06%
SLM	A	-0.06%
FFIN	B	-0.06%
UPST	B	-0.06%
TPG	A	-0.06%
WD	D	-0.05%
BGC	C	-0.05%
PJT	A	-0.05%
STEP	C	-0.05%
AX	B	-0.05%
VCTR	B	-0.04%
GSHD	A	-0.04%
CACC	D	-0.04%
BXMT	C	-0.04%
BOH	B	-0.04%
VIRT	A	-0.04%
HASI	D	-0.04%
PRK	B	-0.04%
APAM	B	-0.04%
FHI	B	-0.04%
CBU	B	-0.04%
FBP	C	-0.04%
SYBT	B	-0.03%
NATL	B	-0.03%
AGM	B	-0.03%
PRG	C	-0.03%
FRHC	B	-0.03%
EVTC	B	-0.03%
DBRG	F	-0.03%
MCY	A	-0.03%
TFIN	B	-0.03%
TBBK	B	-0.03%
FLYW	B	-0.03%
BANF	B	-0.03%
OSCR	D	-0.03%
WU	F	-0.03%
ABR	C	-0.03%
PLMR	A	-0.03%
CNS	B	-0.03%
PAYO	A	-0.03%
SNEX	B	-0.03%
PMT	C	-0.02%
ARI	C	-0.02%
RC	D	-0.02%
GABC	B	-0.02%
WT	A	-0.02%
WABC	B	-0.02%
HTH	C	-0.02%
CODI	B	-0.02%
LOB	C	-0.02%
LADR	B	-0.02%
MQ	D	-0.02%
CHCO	B	-0.02%
LMND	B	-0.02%
RKT	F	-0.02%
SKWD	A	-0.02%
DFIN	D	-0.02%
LKFN	C	-0.02%
TRUP	B	-0.02%
VRTS	B	-0.02%
CASH	B	-0.02%
CLBK	C	-0.01%
PX	A	-0.01%
TRTX	C	-0.01%
TREE	F	-0.01%
UWMC	D	-0.01%
NRDS	C	-0.01%
TIPT	C	-0.01%
KREF	C	-0.01%
LPRO	B	-0.01%
FSBC	C	-0.01%
CTLP	B	-0.01%
PAY	A	-0.01%
IIIV	C	-0.01%
TFSL	A	-0.01%
IMXI	B	-0.01%
CASS	C	-0.01%
MCBS	B	-0.01%
FG	A	-0.01%
CMTG	F	-0.01%
PFBC	B	-0.01%
CCB	A	-0.01%
BFC	B	-0.01%
BRSP	C	-0.01%
BSIG	A	-0.01%
DX	B	-0.01%
RWT	D	-0.01%
EFC	C	-0.01%
CNNE	B	-0.01%
HCI	C	-0.01%
FBRT	D	-0.01%
AMSF	B	-0.01%
SAFT	B	-0.01%
RILY	F	-0.0%
GCBC	C	-0.0%
DHIL	B	-0.0%
HGTY	B	-0.0%
WRLD	C	-0.0%