DFSV vs. QVMS ETF Comparison

Comparison of Dimensional US Small Cap Value ETF (DFSV) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

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

$32.76

Average Daily Volume

570,627

Number of Holdings ^*

947

* may have additional holdings in another (foreign) market

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.99

Average Daily Volume

470

Number of Holdings ^*

524

* may have additional holdings in another (foreign) market

Performance

Period	DFSV	QVMS
30 Days	8.37%	8.06%
60 Days	12.64%	12.76%
90 Days	13.10%	13.07%
12 Months	34.67%	37.22%

276 Overlapping Holdings

	Symbol	Grade	Weight in DFSV	Weight in QVMS	Overlap
	AAP	F	0.2%	0.2%	0.2%
	ABCB	B	0.39%	0.34%	0.34%
	ABG	B	0.37%	0.42%	0.37%
	ABM	B	0.35%	0.31%	0.31%
	ACA	B	0.4%	0.39%	0.39%
	AEO	F	0.12%	0.32%	0.12%
	AGO	B	0.44%	0.37%	0.37%
	AHCO	F	0.02%	0.07%	0.02%
	AIR	F	0.14%	0.16%	0.14%
	AL	B	0.47%	0.4%	0.4%
	ALG	C	0.02%	0.15%	0.02%
	ALGT	C	0.08%	0.07%	0.07%
	ALK	B	0.51%	0.43%	0.43%
	AMBC	F	0.04%	0.04%	0.04%
	AMN	F	0.01%	0.15%	0.01%
	AMR	D	0.18%	0.24%	0.18%
	AMWD	B	0.14%	0.13%	0.13%
	ANDE	D	0.16%	0.13%	0.13%
	AOSL	F	0.1%	0.08%	0.08%
	ARCB	C	0.22%	0.21%	0.21%
	ARCH	B	0.21%	0.23%	0.21%
	ASIX	B	0.07%	0.06%	0.06%
	ASO	F	0.19%	0.31%	0.19%
	ASTE	C	0.07%	0.06%	0.06%
	ATGE	A	0.3%	0.24%	0.24%
	AUB	B	0.28%	0.29%	0.28%
	AVNS	F	0.08%	0.08%	0.08%
	AXL	D	0.06%	0.06%	0.06%
	AZZ	C	0.07%	0.21%	0.07%
	B	B	0.24%	0.22%	0.22%
	BANR	B	0.2%	0.19%	0.19%
	BCC	B	0.17%	0.46%	0.17%
	BFH	B	0.25%	0.25%	0.25%
	BGS	F	0.05%	0.06%	0.05%
	BHE	B	0.17%	0.14%	0.14%
	BHLB	B	0.11%	0.1%	0.1%
	BJRI	C	0.04%	0.07%	0.04%
	BKU	B	0.26%	0.23%	0.23%
	BRKL	B	0.09%	0.08%	0.08%
	BTU	B	0.33%	0.24%	0.24%
	CABO	C	0.12%	0.14%	0.12%
	CAL	F	0.05%	0.09%	0.05%
	CALM	B	0.26%	0.31%	0.26%
	CARS	D	0.01%	0.08%	0.01%
	CATY	B	0.29%	0.29%	0.29%
	CCS	F	0.29%	0.21%	0.21%
	CEIX	A	0.24%	0.26%	0.24%
	CENTA	D	0.15%	0.16%	0.15%
	CERT	F	0.04%	0.1%	0.04%
	CFFN	B	0.03%	0.07%	0.03%
	CLW	F	0.04%	0.04%	0.04%
	CMA	B	0.42%	0.67%	0.42%
	CNMD	C	0.01%	0.16%	0.01%
	CNXN	C	0.05%	0.06%	0.05%
	COHU	C	0.12%	0.11%	0.11%
	CPF	B	0.03%	0.06%	0.03%
	CRC	B	0.26%	0.29%	0.26%
	CRK	A	0.3%	0.1%	0.1%
	CRSR	D	0.02%	0.03%	0.02%
	CTKB	C	0.0%	0.04%	0.0%
	CUBI	C	0.15%	0.11%	0.11%
	CVBF	B	0.2%	0.22%	0.2%
	CWK	B	0.27%	0.21%	0.21%
	DAN	F	0.12%	0.13%	0.12%
	DCOM	B	0.1%	0.09%	0.09%
	DGII	B	0.07%	0.1%	0.07%
	DIOD	D	0.2%	0.27%	0.2%
	DLX	B	0.06%	0.07%	0.06%
	DNOW	C	0.12%	0.11%	0.11%
	DXC	B	0.3%	0.3%	0.3%
	DXPE	B	0.05%	0.06%	0.05%
	EGBN	B	0.06%	0.07%	0.06%
	EIG	B	0.12%	0.1%	0.1%
	ENVA	B	0.04%	0.21%	0.04%
	EPC	D	0.19%	0.16%	0.16%
	ESE	B	0.01%	0.27%	0.01%
	ETD	F	0.08%	0.06%	0.06%
	EYE	D	0.07%	0.06%	0.06%
	EZPW	B	0.06%	0.05%	0.05%
	FBK	B	0.06%	0.15%	0.06%
	FBNC	B	0.13%	0.14%	0.13%
	FCF	B	0.14%	0.15%	0.14%
	FDP	B	0.16%	0.08%	0.08%
	FFBC	B	0.24%	0.21%	0.21%
	FHB	B	0.28%	0.27%	0.27%
	FL	F	0.19%	0.19%	0.19%
	FLGT	C	0.0%	0.03%	0.0%
	FUL	D	0.04%	0.35%	0.04%
	FULT	B	0.29%	0.29%	0.29%
	GBX	B	0.2%	0.16%	0.16%
	GDEN	F	0.01%	0.05%	0.01%
	GDOT	B	0.03%	0.04%	0.03%
	GES	F	0.04%	0.04%	0.04%
	GIII	B	0.13%	0.09%	0.09%
	GMS	B	0.1%	0.3%	0.1%
	GNW	C	0.3%	0.25%	0.25%
	GO	D	0.1%	0.15%	0.1%
	GPI	B	0.49%	0.41%	0.41%
	GPRE	F	0.02%	0.07%	0.02%
	GRBK	D	0.04%	0.16%	0.04%
	GTES	B	0.47%	0.32%	0.32%
	HAFC	B	0.05%	0.06%	0.05%
	HAIN	D	0.02%	0.06%	0.02%
	HAYN	A	0.06%	0.06%	0.06%
	HAYW	B	0.06%	0.17%	0.06%
	HCC	A	0.03%	0.3%	0.03%
	HCSG	B	0.04%	0.07%	0.04%
	HFWA	B	0.06%	0.07%	0.06%
	HI	C	0.16%	0.19%	0.16%
	HLX	D	0.15%	0.13%	0.13%
	HMN	B	0.12%	0.13%	0.12%
	HNI	B	0.05%	0.2%	0.05%
	HOPE	B	0.13%	0.13%	0.13%
	HP	C	0.34%	0.28%	0.28%
	HSII	B	0.07%	0.07%	0.07%
	HSTM	A	0.0%	0.06%	0.0%
	HTLD	C	0.05%	0.04%	0.04%
	HTZ	F	0.03%	0.03%	0.03%
	HUBG	B	0.28%	0.23%	0.23%
	HZO	C	0.07%	0.05%	0.05%
	IART	C	0.09%	0.12%	0.09%
	IBTX	B	0.21%	0.18%	0.18%
	ICHR	C	0.05%	0.08%	0.05%
	ICUI	C	0.15%	0.28%	0.15%
	IIIN	F	0.03%	0.05%	0.03%
	INDB	B	0.22%	0.23%	0.22%
	INVA	B	0.13%	0.09%	0.09%
	IOSP	B	0.0%	0.24%	0.0%
	ITGR	A	0.11%	0.36%	0.11%
	JBLU	F	0.06%	0.15%	0.06%
	JBT	B	0.2%	0.31%	0.2%
	JXN	B	0.72%	0.62%	0.62%
	KALU	C	0.08%	0.1%	0.08%
	KAR	B	0.15%	0.16%	0.15%
	KELYA	F	0.05%	0.05%	0.05%
	KFY	B	0.31%	0.31%	0.31%
	KMT	B	0.17%	0.17%	0.17%
	KN	B	0.14%	0.14%	0.14%
	KOP	D	0.05%	0.06%	0.05%
	KSS	F	0.17%	0.17%	0.17%
	KWR	D	0.05%	0.18%	0.05%
	LBRT	F	0.24%	0.23%	0.23%
	LCII	D	0.16%	0.25%	0.16%
	LGIH	D	0.24%	0.17%	0.17%
	LPG	F	0.13%	0.09%	0.09%
	LRN	A	0.13%	0.31%	0.13%
	LZB	C	0.15%	0.13%	0.13%
	MATV	F	0.01%	0.07%	0.01%
	MATW	C	0.04%	0.06%	0.04%
	MATX	B	0.49%	0.4%	0.4%
	MCW	B	0.01%	0.05%	0.01%
	MD	B	0.04%	0.09%	0.04%
	MGPI	F	0.06%	0.08%	0.06%
	MLAB	D	0.0%	0.05%	0.0%
	MLI	B	0.0%	0.81%	0.0%
	MLKN	F	0.13%	0.15%	0.13%
	MMI	B	0.03%	0.08%	0.03%
	MNRO	B	0.05%	0.07%	0.05%
	MODG	F	0.18%	0.12%	0.12%
	MRCY	C	0.07%	0.15%	0.07%
	MRTN	C	0.11%	0.07%	0.07%
	MTUS	D	0.06%	0.05%	0.05%
	MTX	B	0.22%	0.21%	0.21%
	MYE	F	0.01%	0.04%	0.01%
	NAVI	F	0.13%	0.11%	0.11%
	NBHC	B	0.12%	0.15%	0.12%
	NBR	C	0.01%	0.06%	0.01%
	NBTB	B	0.02%	0.19%	0.02%
	NEO	C	0.01%	0.14%	0.01%
	NHC	C	0.12%	0.15%	0.12%
	NMIH	D	0.09%	0.26%	0.09%
	NOG	B	0.18%	0.31%	0.18%
	NPK	D	0.03%	0.03%	0.03%
	NTCT	B	0.09%	0.14%	0.09%
	NVEE	B	0.02%	0.1%	0.02%
	NVRI	F	0.05%	0.08%	0.05%
	NWBI	B	0.17%	0.15%	0.15%
	NWL	B	0.25%	0.27%	0.25%
	NX	C	0.07%	0.11%	0.07%
	ODP	F	0.1%	0.09%	0.09%
	OFG	C	0.03%	0.16%	0.03%
	OI	D	0.15%	0.16%	0.15%
	OMI	F	0.09%	0.08%	0.08%
	OXM	F	0.02%	0.09%	0.02%
	PAHC	B	0.0%	0.04%	0.0%
	PARR	F	0.01%	0.08%	0.01%
	PATK	D	0.08%	0.23%	0.08%
	PBH	B	0.25%	0.31%	0.25%
	PCRX	D	0.06%	0.08%	0.06%
	PDCO	C	0.05%	0.15%	0.05%
	PFS	B	0.25%	0.21%	0.21%
	PHIN	B	0.15%	0.18%	0.15%
	PINC	B	0.17%	0.17%	0.17%
	PLAB	C	0.13%	0.14%	0.13%
	PLUS	C	0.06%	0.23%	0.06%
	PLXS	B	0.08%	0.33%	0.08%
	PPBI	B	0.23%	0.22%	0.22%
	PRA	B	0.06%	0.06%	0.06%
	PRAA	C	0.04%	0.07%	0.04%
	PRDO	B	0.13%	0.12%	0.12%
	PRLB	B	0.04%	0.06%	0.04%
	PSMT	C	0.07%	0.19%	0.07%
	PUMP	D	0.07%	0.05%	0.05%
	RAMP	C	0.07%	0.14%	0.07%
	RDN	D	0.04%	0.45%	0.04%
	RES	F	0.1%	0.04%	0.04%
	REX	C	0.08%	0.06%	0.06%
	REZI	B	0.22%	0.26%	0.22%
	RGR	F	0.01%	0.06%	0.01%
	RNST	B	0.18%	0.19%	0.18%
	ROCK	D	0.07%	0.17%	0.07%
	ROG	C	0.14%	0.15%	0.14%
	RUSHA	B	0.32%	0.3%	0.3%
	SAH	B	0.11%	0.08%	0.08%
	SANM	B	0.4%	0.33%	0.33%
	SBCF	B	0.1%	0.19%	0.1%
	SBH	C	0.05%	0.12%	0.05%
	SBSI	C	0.03%	0.08%	0.03%
	SCHL	F	0.07%	0.05%	0.05%
	SCL	D	0.14%	0.14%	0.14%
	SCSC	C	0.11%	0.1%	0.1%
	SCVL	D	0.1%	0.05%	0.05%
	SFNC	B	0.26%	0.25%	0.25%
	SHEN	F	0.04%	0.06%	0.04%
	SIG	B	0.15%	0.36%	0.15%
	SKYW	B	0.37%	0.32%	0.32%
	SM	C	0.45%	0.45%	0.45%
	SMP	C	0.07%	0.04%	0.04%
	SMPL	C	0.04%	0.23%	0.04%
	SNCY	C	0.05%	0.04%	0.04%
	SNDR	B	0.21%	0.08%	0.08%
	SPNT	D	0.17%	0.11%	0.11%
	SPTN	F	0.07%	0.06%	0.06%
	SSTK	D	0.01%	0.07%	0.01%
	STBA	C	0.12%	0.12%	0.12%
	STC	D	0.06%	0.16%	0.06%
	STRA	D	0.18%	0.16%	0.16%
	SUPN	B	0.13%	0.17%	0.13%
	SWI	B	0.15%	0.05%	0.05%
	SXC	B	0.09%	0.07%	0.07%
	TALO	D	0.15%	0.13%	0.13%
	TDS	B	0.32%	0.24%	0.24%
	THRM	F	0.01%	0.12%	0.01%
	THRY	F	0.01%	0.05%	0.01%
	THS	F	0.16%	0.14%	0.14%
	TILE	B	0.03%	0.09%	0.03%
	TMP	B	0.04%	0.07%	0.04%
	TPH	D	0.39%	0.33%	0.33%
	TRMK	B	0.19%	0.18%	0.18%
	TRN	B	0.09%	0.25%	0.09%
	TRST	B	0.06%	0.05%	0.05%
	TTMI	A	0.24%	0.17%	0.17%
	TWI	F	0.02%	0.03%	0.02%
	UCB	B	0.3%	0.29%	0.29%
	UCTT	D	0.03%	0.14%	0.03%
	UFCS	B	0.04%	0.03%	0.03%
	UNF	C	0.25%	0.23%	0.23%
	UNFI	B	0.1%	0.1%	0.1%
	URBN	D	0.31%	0.17%	0.17%
	USNA	C	0.03%	0.04%	0.03%
	UVV	C	0.14%	0.1%	0.1%
	VBTX	B	0.12%	0.13%	0.12%
	VSAT	F	0.03%	0.06%	0.03%
	VSTO	A	0.14%	0.21%	0.14%
	VSTS	F	0.08%	0.14%	0.08%
	VTLE	D	0.07%	0.07%	0.07%
	VTOL	C	0.08%	0.08%	0.08%
	WAFD	C	0.28%	0.19%	0.19%
	WERN	B	0.21%	0.2%	0.2%
	WGO	C	0.15%	0.15%	0.15%
	WKC	D	0.16%	0.13%	0.13%
	WNC	D	0.04%	0.07%	0.04%
	WOR	D	0.05%	0.1%	0.05%
	WS	B	0.04%	0.11%	0.04%
	WSFS	B	0.26%	0.26%	0.26%
	XRX	F	0.07%	0.09%	0.07%

DFSV Overweight 671 Positions Relative to QVMS

	Symbol	Grade	Weight
	TMHC	A	0.73%
	IVZ	B	0.66%
	DTM	A	0.64%
	PNFP	B	0.6%
	FYBR	C	0.6%
	MTG	D	0.6%
	CLF	C	0.58%
	PB	B	0.58%
	CMC	B	0.57%
	LAD	B	0.57%
	FHN	B	0.55%
	X	C	0.55%
	WCC	B	0.55%
	BWA	C	0.54%
	WBS	B	0.53%
	FNB	B	0.53%
	THO	C	0.53%
	AMKR	F	0.53%
	CNX	A	0.53%
	AVT	B	0.52%
	POST	D	0.52%
	ONB	B	0.52%
	CADE	B	0.51%
	KNX	B	0.5%
	ZION	B	0.49%
	PVH	C	0.49%
	MHK	D	0.49%
	ESNT	F	0.47%
	ARW	F	0.47%
	UBSI	B	0.45%
	OZK	B	0.44%
	OSK	B	0.44%
	KEX	C	0.44%
	WTFC	B	0.44%
	BIO	B	0.43%
	MDU	F	0.43%
	GATX	B	0.42%
	SSB	B	0.42%
	DAR	C	0.42%
	DNB	B	0.42%
	R	B	0.42%
	BOKF	B	0.41%
	MUR	F	0.41%
	WTM	A	0.41%
	AR	D	0.41%
	NOV	D	0.4%
	VLY	B	0.39%
	HWC	B	0.39%
	JAZZ	B	0.38%
	JHG	B	0.38%
	ST	F	0.38%
	AGCO	D	0.38%
	MTDR	C	0.37%
	RRC	C	0.36%
	ADTN	B	0.36%
	HOG	F	0.36%
	COLB	B	0.36%
	M	C	0.36%
	ASB	B	0.36%
	ASH	F	0.35%
	TCBI	B	0.34%
	LBRDK	B	0.34%
	AVNT	B	0.34%
	ESGR	B	0.33%
	INGR	B	0.33%
	FMC	D	0.33%
	AXS	B	0.33%
	LTH	C	0.33%
	LEA	F	0.33%
	RIG	D	0.32%
	XRAY	F	0.32%
	PBF	F	0.32%
	HUN	F	0.32%
	WAL	B	0.31%
	STNG	F	0.31%
	MOS	C	0.31%
	JLL	C	0.3%
	ALIT	D	0.29%
	BPOP	D	0.29%
	NNI	B	0.29%
	PRGO	D	0.29%
	FIBK	B	0.28%
	GHC	B	0.28%
	GXO	B	0.27%
	BHF	B	0.26%
	IPGP	C	0.25%
	BERY	C	0.25%
	TGNA	B	0.25%
	MAN	F	0.25%
	NJR	C	0.25%
	MIR	B	0.24%
	SEB	F	0.24%
	MIDD	B	0.24%
	HHH	B	0.24%
	FAF	D	0.24%
	CHRD	D	0.23%
	EBC	B	0.23%
	CIVI	D	0.23%
	ESI	A	0.23%
	VAC	B	0.22%
	HTLF	B	0.22%
	DINO	F	0.22%
	ACT	D	0.22%
	VSH	F	0.22%
	NEOG	C	0.22%
	INSW	F	0.21%
	NVST	C	0.21%
	AZTA	F	0.21%
	GTLS	B	0.2%
	CPA	C	0.2%
	ENOV	C	0.2%
	GT	C	0.2%
	TOWN	C	0.2%
	AA	B	0.19%
	FRME	B	0.19%
	WSBC	B	0.19%
	HGV	C	0.19%
	DHT	F	0.18%
	USM	B	0.18%
	GEF	B	0.18%
	WMK	B	0.18%
	ZD	C	0.18%
	ORA	A	0.17%
	TROX	F	0.17%
	WHR	B	0.17%
	GAP	C	0.17%
	SNV	B	0.16%
	UA	B	0.16%
	CMRE	C	0.16%
	LC	B	0.16%
	ELAN	D	0.16%
	BILL	C	0.15%
	GPOR	C	0.15%
	SGRY	D	0.15%
	EFSC	B	0.15%
	PPC	B	0.15%
	SFL	F	0.14%
	SKX	F	0.14%
	UAA	B	0.14%
	TKR	F	0.14%
	FOR	C	0.14%
	ADNT	F	0.14%
	SASR	B	0.14%
	SON	F	0.14%
	LILAK	D	0.14%
	PRM	B	0.14%
	KBH	D	0.13%
	TEX	C	0.12%
	HLIO	B	0.12%
	BV	B	0.12%
	HELE	D	0.12%
	XPRO	F	0.12%
	PRIM	A	0.11%
	ASGN	B	0.11%
	PTVE	D	0.11%
	DOLE	B	0.11%
	BUSE	C	0.11%
	FA	D	0.11%
	UMBF	B	0.11%
	PEBO	B	0.11%
	IMKTA	D	0.1%
	TPC	B	0.1%
	TRS	B	0.1%
	OMCL	B	0.1%
	SCS	C	0.1%
	HL	D	0.1%
	CLVT	F	0.09%
	DCO	C	0.09%
	APA	F	0.09%
	CRGY	A	0.09%
	PFC	B	0.09%
	ATSG	A	0.09%
	TCBK	B	0.09%
	CMCO	D	0.09%
	PLYA	B	0.09%
	BXC	B	0.09%
	QCRH	B	0.09%
	WTTR	B	0.09%
	DK	F	0.08%
	ENS	F	0.08%
	UVSP	B	0.08%
	ECPG	B	0.08%
	BY	B	0.08%
	OCFC	B	0.08%
	LAUR	A	0.08%
	COTY	F	0.08%
	JELD	F	0.08%
	FBMS	B	0.08%
	CNOB	B	0.08%
	VAL	F	0.07%
	HOMB	B	0.07%
	NAPA	A	0.07%
	GLDD	B	0.07%
	NXST	B	0.07%
	LBRDA	B	0.07%
	MBWM	B	0.07%
	ECVT	C	0.07%
	NMRK	B	0.07%
	MLR	B	0.07%
	RRX	B	0.06%
	EBF	D	0.06%
	MGNI	C	0.06%
	NAT	F	0.06%
	RBCAA	B	0.06%
	OBK	B	0.06%
	RYI	C	0.06%
	ASC	F	0.06%
	GNK	D	0.06%
	RCM	B	0.06%
	VSEC	B	0.06%
	DNUT	C	0.06%
	CZR	D	0.06%
	ZI	C	0.06%
	PGC	B	0.05%
	VREX	C	0.05%
	MBUU	C	0.05%
	HTBK	B	0.05%
	RYAM	B	0.05%
	NR	C	0.05%
	MRC	B	0.05%
	NWPX	B	0.05%
	SRCL	A	0.05%
	SRCL	A	0.05%
	CTBI	B	0.05%
	MSBI	B	0.05%
	MCS	B	0.05%
	FWRG	C	0.05%
	CFB	C	0.05%
	CACI	B	0.05%
	PLPC	B	0.05%
	HBNC	B	0.05%
	ATKR	C	0.05%
	NIC	B	0.05%
	BOC	B	0.04%
	KOS	F	0.04%
	WASH	B	0.04%
	HTBI	C	0.04%
	RPAY	C	0.04%
	SRCE	B	0.04%
	LOCO	D	0.04%
	MSGE	B	0.04%
	ACHC	F	0.04%
	THR	D	0.04%
	OSBC	B	0.04%
	CENT	D	0.04%
	KRNY	B	0.04%
	FFIC	B	0.04%
	AVO	B	0.04%
	BHB	B	0.04%
	ADV	C	0.04%
	HONE	C	0.04%
	IBOC	B	0.04%
	NFBK	B	0.04%
	RDUS	C	0.04%
	BSRR	B	0.04%
	KE	C	0.04%
	TRC	F	0.04%
	KRO	C	0.04%
	IAS	C	0.04%
	UFPI	C	0.04%
	ZEUS	D	0.04%
	FMBH	B	0.04%
	GTN	C	0.04%
	GLRE	B	0.04%
	THFF	B	0.04%
	AMRC	D	0.04%
	SWBI	D	0.04%
	JAKK	C	0.03%
	OEC	F	0.03%
	METC	D	0.03%
	REPX	B	0.03%
	MOV	D	0.03%
	VMEO	B	0.03%
	HBCP	B	0.03%
	MOFG	B	0.03%
	CCRN	F	0.03%
	ACCO	B	0.03%
	EGY	F	0.03%
	FLWS	C	0.03%
	WSBF	B	0.03%
	BMBL	D	0.03%
	PKOH	B	0.03%
	LEGH	C	0.03%
	ATNI	F	0.03%
	BFST	B	0.03%
	AMPS	D	0.03%
	VCYT	B	0.03%
	LXU	C	0.03%
	AMPY	C	0.03%
	IPI	B	0.03%
	WLFC	B	0.03%
	RM	D	0.03%
	MTW	C	0.03%
	FRPH	B	0.03%
	VLGEA	C	0.03%
	VPG	F	0.03%
	GCO	C	0.03%
	CTOS	C	0.03%
	AMAL	B	0.03%
	CAC	B	0.03%
	PACK	C	0.03%
	VRNT	F	0.03%
	HVT	F	0.03%
	DGICA	A	0.03%
	HNRG	C	0.03%
	SWIM	D	0.03%
	SMBK	B	0.03%
	LOVE	B	0.03%
	USAP	B	0.03%
	BAND	C	0.03%
	FISI	C	0.03%
	BRY	F	0.03%
	GRNT	C	0.03%
	CCNE	B	0.03%
	AMTB	B	0.03%
	LILA	D	0.03%
	HDSN	F	0.02%
	ANET	A	0.02%
	LAKE	C	0.02%
	MCB	B	0.02%
	KIDS	F	0.02%
	PTSI	C	0.02%
	RBB	B	0.02%
	RCKY	F	0.02%
	ISTR	B	0.02%
	FSTR	C	0.02%
	CDE	C	0.02%
	BOOM	F	0.02%
	PYCR	C	0.02%
	RELL	B	0.02%
	MCFT	B	0.02%
	IBCP	B	0.02%
	HOFT	C	0.02%
	WNEB	B	0.02%
	TWLO	A	0.02%
	NTGR	B	0.02%
	WEYS	B	0.02%
	TSBK	B	0.02%
	ASUR	C	0.02%
	MERC	C	0.02%
	ULH	B	0.02%
	CFFI	B	0.02%
	RMAX	B	0.02%
	BMRC	B	0.02%
	DAKT	B	0.02%
	TCBX	B	0.02%
	GSBC	B	0.02%
	FUNC	B	0.02%
	FLIC	B	0.02%
	SHBI	B	0.02%
	KODK	B	0.02%
	RNGR	A	0.02%
	MEC	D	0.02%
	MPB	B	0.02%
	EQBK	B	0.02%
	GENC	C	0.02%
	PARA	C	0.02%
	DBI	F	0.02%
	FRST	C	0.02%
	BELFB	B	0.02%
	RUN	F	0.02%
	BCML	B	0.02%
	PANL	D	0.02%
	NGVC	B	0.02%
	ORRF	B	0.02%
	SEG	D	0.02%
	ZIMV	F	0.02%
	OIS	C	0.02%
	HRTG	D	0.02%
	HOV	D	0.02%
	AMCX	F	0.02%
	CARE	B	0.02%
	INBK	B	0.02%
	BHRB	B	0.02%
	FBIZ	B	0.02%
	LSEA	F	0.02%
	GSM	F	0.02%
	RLGT	B	0.02%
	ZUMZ	D	0.02%
	FF	B	0.02%
	OSUR	D	0.02%
	FLXS	B	0.02%
	CIVB	B	0.02%
	RGP	F	0.02%
	TITN	C	0.02%
	NGS	B	0.02%
	RBBN	A	0.02%
	JOUT	F	0.02%
	CRNC	D	0.01%
	VTSI	D	0.01%
	CNSL	A	0.01%
	NL	C	0.01%
	TBNK	B	0.01%
	QUAD	B	0.01%
	BWMN	D	0.01%
	IMMR	F	0.01%
	STRS	C	0.01%
	LYTS	A	0.01%
	BWFG	C	0.01%
	HMST	F	0.01%
	TWIN	D	0.01%
	DHX	D	0.01%
	ODC	C	0.01%
	CZNC	B	0.01%
	SBT	F	0.01%
	EVBN	B	0.01%
	ORI	B	0.01%
	ACTG	D	0.01%
	KW	B	0.01%
	ARC	A	0.01%
	FNWB	F	0.01%
	EML	D	0.01%
	AVNW	F	0.01%
	SSP	D	0.01%
	MITK	C	0.01%
	NATR	D	0.01%
	GNTY	C	0.01%
	NBN	B	0.01%
	CMTL	F	0.01%
	ACNB	B	0.01%
	FONR	F	0.01%
	VNDA	C	0.01%
	SRTS	C	0.01%
	TRDA	B	0.01%
	SPWH	F	0.01%
	MEG	F	0.01%
	TTEC	F	0.01%
	SGA	F	0.01%
	VYGR	C	0.01%
	ANGO	C	0.01%
	PHX	C	0.01%
	MPAA	F	0.01%
	SNFCA	B	0.01%
	SFST	B	0.01%
	FRD	F	0.01%
	EPM	C	0.01%
	ORN	C	0.01%
	FFWM	C	0.01%
	EBTC	B	0.01%
	TTSH	B	0.01%
	TBI	D	0.01%
	ANGI	C	0.01%
	GEOS	C	0.01%
	CSTL	B	0.01%
	AOUT	B	0.01%
	AESI	D	0.01%
	RVSB	C	0.01%
	BZH	C	0.01%
	SHYF	C	0.01%
	CLAR	C	0.01%
	PWOD	B	0.01%
	UBFO	A	0.01%
	CBAN	B	0.01%
	GEF	B	0.01%
	PFIS	B	0.01%
	RUSHB	B	0.01%
	SGC	C	0.01%
	OPBK	B	0.01%
	ASLE	D	0.01%
	CIFR	C	0.01%
	DXLG	D	0.01%
	NRIM	C	0.01%
	BH	C	0.01%
	BALY	B	0.01%
	LCUT	D	0.01%
	BWB	B	0.01%
	FCBC	B	0.01%
	BSET	B	0.01%
	VIRC	C	0.01%
	CLFD	D	0.01%
	BLFY	C	0.01%
	UTMD	D	0.01%
	ULBI	D	0.01%
	ORGO	C	0.01%
	CCBG	B	0.01%
	LINC	B	0.01%
	CLNE	C	0.01%
	LTRX	F	0.01%
	AVD	D	0.01%
	BFIN	C	0.01%
	FET	D	0.01%
	ALCO	F	0.01%
	CTRN	C	0.01%
	SMBC	B	0.01%
	SPFI	B	0.01%
	NC	C	0.01%
	TCMD	B	0.01%
	HURC	C	0.01%
	LGF.A	C	0.01%
	OLPX	F	0.01%
	FSBW	B	0.01%
	MG	F	0.01%
	SRI	F	0.01%
	STRT	B	0.01%
	BANC	B	0.01%
	LXFR	B	0.01%
	CNDT	C	0.01%
	PCB	B	0.01%
	VRA	D	0.01%
	NECB	B	0.01%
	UNTY	B	0.01%
	SENEA	B	0.01%
	GCI	B	0.01%
	REVG	C	0.01%
	SMHI	F	0.01%
	CVEO	D	0.01%
	PKBK	B	0.01%
	BBCP	F	0.01%
	FRBA	C	0.01%
	BCBP	B	0.01%
	RBKB	B	0.0%
	LSBK	B	0.0%
	FCAP	C	0.0%
	HWBK	B	0.0%
	FSFG	A	0.0%
	LUNA	F	0.0%
	CFBK	B	0.0%
	BOTJ	C	0.0%
	LARK	A	0.0%
	RMBI	B	0.0%
	IROQ	B	0.0%
	TAIT	F	0.0%
	NWFL	B	0.0%
	ELSE	C	0.0%
	GROW	F	0.0%
	VABK	B	0.0%
	LGL	D	0.0%
	NSYS	F	0.0%
	OPY	B	0.0%
	SLNG	C	0.0%
	DAIO	D	0.0%
	GPRO	D	0.0%
	HNNA	C	0.0%
	CPSS	B	0.0%
	DIT	F	0.0%
	FUSB	B	0.0%
	FKWL	D	0.0%
	ESP	B	0.0%
	BDL	F	0.0%
	WHLM	F	0.0%
	MGYR	C	0.0%
	OVBC	B	0.0%
	CCRD	B	0.0%
	ALOT	F	0.0%
	OPHC	A	0.0%
	CULP	D	0.0%
	WVVI	F	0.0%
	EVI	C	0.0%
	SSTI	F	0.0%
	ALTO	F	0.0%
	ATLO	D	0.0%
	FRAF	B	0.0%
	TAYD	D	0.0%
	AFBI	C	0.0%
	NTIC	C	0.0%
	COOK	D	0.0%
	UONEK	F	0.0%
	AIOT	B	0.0%
	ESCA	C	0.0%
	LIVE	F	0.0%
	CBFV	B	0.0%
	LGF.A	C	0.0%
	AE	B	0.0%
	OVLY	B	0.0%
	AMS	C	0.0%
	SSBK	B	0.0%
	CKX	F	0.0%
	FTK	B	0.0%
	FLL	D	0.0%
	METCB	C	0.0%
	RRBI	B	0.0%
	TASK	C	0.0%
	CVR	B	0.0%
	HFFG	C	0.0%
	UEIC	F	0.0%
	QIPT	F	0.0%
	WHG	C	0.0%
	MBCN	B	0.0%
	PROV	B	0.0%
	EBMT	A	0.0%
	SD	D	0.0%
	AXTI	F	0.0%
	CRWS	F	0.0%
	TRT	C	0.0%
	BWEN	F	0.0%
	JRVR	F	0.0%
	CZFS	B	0.0%
	FVCB	B	0.0%
	ALTG	C	0.0%
	HBB	F	0.0%
	CBNK	B	0.0%
	ASRV	C	0.0%
	ITIC	B	0.0%
	TG	B	0.0%
	PEBK	C	0.0%
	SYNA	D	0.0%
	COFS	B	0.0%
	SMLR	C	0.0%
	MNSB	C	0.0%
	MRBK	C	0.0%
	PPIH	B	0.0%
	AC	B	0.0%
	TACT	F	0.0%
	ACU	D	0.0%
	KVHI	F	0.0%
	ITOS	F	0.0%
	DLHC	F	0.0%
	NNBR	F	0.0%
	HIFS	B	0.0%
	CATO	B	0.0%
	DCGO	C	0.0%
	BCAL	B	0.0%
	LCNB	B	0.0%
	BCOV	B	0.0%
	ARKO	C	0.0%
	UVE	C	0.0%
	ONEW	C	0.0%
	SGRP	C	0.0%
	SPOK	B	0.0%
	TLYS	F	0.0%
	OB	C	0.0%
	GAIA	B	0.0%
	FMAO	B	0.0%
	IBEX	C	0.0%
	FCCO	B	0.0%
	TUSK	D	0.0%
	HBT	B	0.0%
	MNTX	C	0.0%
	APEI	C	0.0%
	HPK	F	0.0%
	CPRI	F	0.0%
	FMNB	C	0.0%
	ATLC	A	0.0%
	CMP	D	0.0%
	POWW	F	0.0%
	AROW	B	0.0%
	SLQT	F	0.0%
	MYFW	C	0.0%
	RIOT	C	0.0%
	CIX	D	0.0%
	SBFG	C	0.0%
	EVC	C	0.0%
	CZWI	A	0.0%
	RSVR	B	0.0%
	EPSN	B	0.0%
	DLTH	F	0.0%
	ACDC	D	0.0%
	WLDN	C	0.0%
	FARO	B	0.0%
	AXR	B	0.0%
	INTT	C	0.0%
	VEL	C	0.0%
	MBIN	F	0.0%
	CVGI	F	0.0%
	FPH	B	0.0%
	KTCC	C	0.0%
	SSYS	C	0.0%
	OLO	C	0.0%
	CHMG	B	0.0%
	FORR	F	0.0%
	LFST	C	0.0%
	EHTH	C	0.0%
	PNRG	B	0.0%
	MVBF	C	0.0%
	III	D	0.0%
	CHGG	F	0.0%
	KEQU	D	0.0%
	PVBC	C	0.0%
	ALRS	D	0.0%
	CPS	C	0.0%
	NEXA	C	0.0%

DFSV Underweight 248 Positions Relative to QVMS

	Symbol	Grade	Weight
	CRS	B	-0.69%
	ATI	D	-0.59%
	GKOS	B	-0.59%
	VFC	B	-0.59%
	RHI	B	-0.58%
	MTH	D	-0.54%
	SPSC	F	-0.54%
	AVAV	B	-0.54%
	NSIT	F	-0.51%
	LNC	B	-0.5%
	COOP	B	-0.5%
	AWI	A	-0.5%
	BMI	C	-0.49%
	MOG.A	B	-0.47%
	BCPC	B	-0.47%
	FSS	D	-0.46%
	ACIW	A	-0.45%
	EPRT	D	-0.45%
	IBP	F	-0.44%
	SEE	C	-0.44%
	MMSI	A	-0.44%
	MARA	C	-0.43%
	DY	D	-0.4%
	SLG	A	-0.4%
	MGY	B	-0.4%
	MC	B	-0.4%
	OGN	F	-0.4%
	ITRI	A	-0.39%
	RDNT	B	-0.38%
	ALKS	C	-0.38%
	PIPR	B	-0.38%
	VRRM	F	-0.36%
	SFBS	B	-0.36%
	CTRE	C	-0.36%
	PECO	B	-0.36%
	AEIS	B	-0.36%
	CORT	B	-0.35%
	MHO	C	-0.35%
	EAT	B	-0.35%
	SHAK	B	-0.34%
	KRYS	C	-0.34%
	WHD	B	-0.33%
	FELE	C	-0.33%
	KTB	A	-0.32%
	MAC	B	-0.32%
	FORM	F	-0.31%
	BGC	A	-0.31%
	FTDR	B	-0.31%
	WD	B	-0.31%
	IDCC	A	-0.31%
	OTTR	C	-0.3%
	IIPR	D	-0.3%
	HASI	C	-0.3%
	GVA	B	-0.3%
	IAC	C	-0.3%
	WDFC	B	-0.3%
	SEM	B	-0.3%
	RXO	C	-0.3%
	AX	B	-0.3%
	SKT	A	-0.29%
	HIW	C	-0.29%
	TDW	F	-0.29%
	FBP	C	-0.28%
	CBU	B	-0.28%
	SXT	B	-0.28%
	APLE	B	-0.28%
	BOOT	D	-0.28%
	DORM	B	-0.27%
	SITM	A	-0.27%
	CCOI	B	-0.27%
	NPO	C	-0.27%
	STEP	B	-0.27%
	SHOO	D	-0.26%
	BXMT	B	-0.26%
	ACLS	F	-0.26%
	MGEE	A	-0.26%
	AROC	B	-0.26%
	CVCO	B	-0.26%
	PENN	C	-0.26%
	BRC	B	-0.26%
	AWR	C	-0.25%
	CWT	D	-0.25%
	ENV	C	-0.25%
	APAM	B	-0.25%
	SLVM	B	-0.25%
	PJT	B	-0.25%
	CRVL	B	-0.24%
	BL	C	-0.24%
	CWEN	D	-0.24%
	AVA	D	-0.24%
	OII	B	-0.24%
	BOH	B	-0.24%
	ALRM	C	-0.24%
	CNK	A	-0.24%
	DEI	B	-0.24%
	TBBK	C	-0.23%
	GSHD	B	-0.23%
	PRGS	A	-0.23%
	LXP	D	-0.23%
	KLIC	C	-0.23%
	ABR	B	-0.23%
	PTGX	B	-0.22%
	VIRT	B	-0.22%
	JJSF	B	-0.22%
	PRK	B	-0.22%
	PTEN	D	-0.22%
	CARG	B	-0.21%
	HBI	B	-0.21%
	MPW	D	-0.21%
	VCEL	B	-0.21%
	SNEX	B	-0.21%
	UE	B	-0.21%
	CNS	B	-0.21%
	CPK	C	-0.21%
	HWKN	D	-0.2%
	FCPT	D	-0.2%
	GFF	C	-0.2%
	PLMR	C	-0.2%
	IPAR	C	-0.2%
	MTRN	C	-0.2%
	VSCO	A	-0.2%
	POWL	B	-0.2%
	AIN	D	-0.2%
	AKR	B	-0.2%
	CPRX	B	-0.2%
	EPAC	B	-0.2%
	SATS	C	-0.2%
	ASTH	B	-0.19%
	SXI	B	-0.19%
	CALX	F	-0.19%
	ADUS	D	-0.19%
	GEO	A	-0.19%
	ENR	B	-0.19%
	YELP	C	-0.19%
	SHO	B	-0.18%
	OSIS	C	-0.18%
	PAYO	A	-0.18%
	AGYS	C	-0.18%
	UFPT	C	-0.18%
	MCY	B	-0.17%
	MYRG	C	-0.17%
	TFIN	B	-0.17%
	EVTC	D	-0.17%
	MYGN	F	-0.17%
	CAKE	B	-0.17%
	VIAV	B	-0.17%
	PRG	C	-0.16%
	VECO	F	-0.16%
	DRH	B	-0.16%
	ROIC	A	-0.16%
	LGND	A	-0.16%
	TRUP	C	-0.16%
	PRVA	B	-0.16%
	CHCO	B	-0.15%
	TNC	F	-0.15%
	LMAT	B	-0.15%
	JOE	F	-0.15%
	CASH	B	-0.15%
	TRIP	D	-0.15%
	SJW	F	-0.14%
	CXW	B	-0.14%
	SONO	C	-0.14%
	FTRE	F	-0.14%
	APOG	B	-0.14%
	LKFN	B	-0.14%
	NWN	C	-0.13%
	BLMN	D	-0.13%
	DFIN	F	-0.13%
	GTY	C	-0.13%
	PEB	D	-0.13%
	CHEF	C	-0.13%
	XHR	B	-0.13%
	BANF	B	-0.13%
	VRTS	B	-0.13%
	CTS	B	-0.13%
	STAA	F	-0.13%
	LTC	B	-0.13%
	WABC	B	-0.12%
	CSGS	B	-0.12%
	JBGS	D	-0.12%
	ELME	D	-0.12%
	HTH	C	-0.12%
	GNL	D	-0.12%
	UPBD	C	-0.11%
	HLIT	F	-0.11%
	ALEX	B	-0.11%
	DEA	C	-0.11%
	LNN	B	-0.11%
	AAT	B	-0.11%
	COLL	F	-0.1%
	PMT	D	-0.1%
	WT	B	-0.1%
	PLAY	C	-0.1%
	USPH	C	-0.1%
	HRMY	D	-0.1%
	SAFT	C	-0.1%
	BKE	B	-0.1%
	WWW	A	-0.1%
	CLB	C	-0.09%
	ATEN	B	-0.09%
	CXM	D	-0.09%
	XNCR	C	-0.09%
	ARLO	C	-0.09%
	AMSF	B	-0.09%
	PFBC	B	-0.09%
	FBRT	B	-0.09%
	RC	F	-0.09%
	VICR	B	-0.09%
	MSEX	B	-0.09%
	AORT	B	-0.09%
	CBRL	C	-0.09%
	ARI	F	-0.09%
	BLFS	B	-0.08%
	UTL	D	-0.08%
	NXRT	C	-0.08%
	RWT	D	-0.08%
	QNST	C	-0.08%
	CENX	B	-0.08%
	ANIP	F	-0.08%
	CSR	C	-0.08%
	EFC	D	-0.08%
	MCRI	B	-0.08%
	KLG	C	-0.08%
	FIZZ	B	-0.08%
	HCI	B	-0.07%
	JBSS	F	-0.07%
	VVI	B	-0.07%
	XPEL	D	-0.07%
	RCUS	D	-0.07%
	NABL	F	-0.07%
	BDN	C	-0.07%
	EXPI	C	-0.07%
	INN	D	-0.06%
	AHH	D	-0.06%
	SVC	F	-0.05%
	HPP	F	-0.05%
	CEVA	B	-0.05%
	CVI	F	-0.05%
	KREF	C	-0.05%
	WSR	B	-0.05%
	LQDT	B	-0.04%
	TR	C	-0.04%
	UHT	D	-0.04%
	BFS	B	-0.04%
	SLP	F	-0.04%
	RGNX	D	-0.03%
	WRLD	C	-0.03%
	GOGO	C	-0.03%

DFSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Savings & Cooperative Banks Diversified Industrials Software - Application Oil & Gas Equipment & Services Auto Parts Specialty Chemicals Business Services Apparel Stores Conglomerates Credit Services Packaged Foods Shipping & Ports Specialty Retail Communication Equipment Electronic Components Home Furnishings & Fixtures Medical Devices Banks - Regional

Keywords: Bank Banking Deposit Products Real Estate Loans Commercial Banking Demand Deposit Commercial Bank Mining Trust Services Retail Banking Individual Retirement Account Boat Business Loans Cash Management Services Mortgage Loan Residential Real Estate Loans Loan Natural Gas Banking Services Chemical

QVMS: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Diversified Industrials Oil & Gas Equipment & Services Packaged Foods REIT - Retail Specialty Chemicals Insurance - Property & Casualty Asset Management Auto Parts Oil & Gas E&P REIT - Hotel & Motel Software - Application Specialty Retail Building Materials Communication Equipment Credit Services Electronic Components Medical Instruments & Supplies

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Real Estate Loans Clothing Computing Aerospace Chemical Insurance Commercial Bank Commercial Banking Mining Mortgage Loan Retail Store Semiconductor Transport Fashion Construction