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

$30.64

Average Daily Volume

534,188

Number of Holdings ^*

928

* 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 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). 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 Â® 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

$26.89

Average Daily Volume

971

Number of Holdings ^*

519

* may have additional holdings in another (foreign) market

Performance

Period	DFSV	QVMS
30 Days	7.02%	8.27%
60 Days	3.47%	5.89%
90 Days	5.90%	8.08%
12 Months	13.64%	13.52%

270 Overlapping Holdings

Symbol	Grade	Weight in DFSV	Weight in QVMS	Overlap
AAP	D	0.19%	0.33%	0.19%
ABCB	C	0.36%	0.35%	0.35%
ABG	B	0.37%	0.44%	0.37%
ABM	A	0.4%	0.27%	0.27%
ACA	B	0.39%	0.39%	0.39%
ACIW	B	0.01%	0.4%	0.01%
ADUS	A	0.0%	0.16%	0.0%
AEO	D	0.15%	0.35%	0.15%
AGO	C	0.49%	0.39%	0.39%
AHCO	C	0.03%	0.07%	0.03%
AIR	F	0.13%	0.2%	0.13%
AL	C	0.51%	0.44%	0.44%
ALG	C	0.02%	0.17%	0.02%
ALGT	D	0.07%	0.06%	0.06%
ALK	F	0.42%	0.42%	0.42%
AMBC	F	0.05%	0.07%	0.05%
AMCX	F	0.04%	0.03%	0.03%
AMR	F	0.01%	0.32%	0.01%
AMWD	B	0.15%	0.14%	0.14%
ANDE	C	0.21%	0.15%	0.15%
AOSL	C	0.13%	0.08%	0.08%
ARCB	B	0.18%	0.24%	0.18%
ARCH	F	0.16%	0.24%	0.16%
AROC	C	0.04%	0.26%	0.04%
ASIX	C	0.06%	0.06%	0.06%
ASO	F	0.15%	0.37%	0.15%
ASTE	D	0.07%	0.07%	0.07%
ATGE	B	0.26%	0.26%	0.26%
AUB	C	0.29%	0.32%	0.29%
AVNS	B	0.1%	0.09%	0.09%
AXL	F	0.07%	0.07%	0.07%
AZZ	C	0.1%	0.21%	0.1%
B	C	0.23%	0.18%	0.18%
BANR	C	0.18%	0.17%	0.17%
BCC	C	0.31%	0.48%	0.31%
BGS	D	0.03%	0.06%	0.03%
BHE	B	0.17%	0.13%	0.13%
BHLB	B	0.1%	0.1%	0.1%
BJRI	F	0.03%	0.07%	0.03%
BKU	B	0.25%	0.24%	0.24%
BRKL	C	0.07%	0.08%	0.07%
BTU	D	0.25%	0.22%	0.22%
CABO	C	0.15%	0.14%	0.14%
CAL	B	0.05%	0.1%	0.05%
CALM	A	0.26%	0.26%	0.26%
CATY	C	0.26%	0.28%	0.26%
CCRN	C	0.05%	0.05%	0.05%
CCS	B	0.38%	0.24%	0.24%
CEIX	D	0.27%	0.23%	0.23%
CENTA	D	0.16%	0.2%	0.16%
CEVA	D	0.01%	0.04%	0.01%
CFFN	C	0.03%	0.06%	0.03%
CHUY	C	0.01%	0.05%	0.01%
CLW	B	0.08%	0.08%	0.08%
CNXN	A	0.07%	0.07%	0.07%
COHU	F	0.11%	0.12%	0.11%
CPF	B	0.04%	0.06%	0.04%
CRC	D	0.28%	0.27%	0.27%
CRK	F	0.26%	0.08%	0.08%
CRSR	F	0.02%	0.03%	0.02%
CUBI	C	0.2%	0.15%	0.15%
CVBF	C	0.15%	0.22%	0.15%
CWK	C	0.26%	0.23%	0.23%
DAN	D	0.14%	0.13%	0.13%
DBI	D	0.04%	0.04%	0.04%
DCOM	C	0.07%	0.07%	0.07%
DGII	C	0.07%	0.08%	0.07%
DIOD	C	0.22%	0.31%	0.22%
DLX	C	0.07%	0.09%	0.07%
DNOW	B	0.12%	0.14%	0.12%
DRQ	F	0.05%	0.05%	0.05%
DXC	C	0.32%	0.25%	0.25%
DXPE	C	0.05%	0.06%	0.05%
EGBN	D	0.04%	0.06%	0.04%
EIG	B	0.13%	0.1%	0.1%
ENVA	B	0.08%	0.2%	0.08%
EPC	C	0.21%	0.17%	0.17%
ESE	B	0.01%	0.27%	0.01%
ETH	D	0.09%	0.06%	0.06%
EYE	D	0.05%	0.1%	0.05%
EZPW	B	0.06%	0.05%	0.05%
FBK	B	0.06%	0.14%	0.06%
FBNC	C	0.11%	0.16%	0.11%
FCF	C	0.13%	0.16%	0.13%
FDP	B	0.13%	0.07%	0.07%
FFBC	C	0.25%	0.23%	0.23%
FHB	C	0.26%	0.27%	0.26%
FL	B	0.22%	0.2%	0.2%
FLGT	C	0.01%	0.04%	0.01%
FUL	B	0.05%	0.39%	0.05%
FULT	C	0.31%	0.32%	0.31%
GBX	C	0.18%	0.14%	0.14%
GDEN	C	0.02%	0.06%	0.02%
GDOT	D	0.03%	0.04%	0.03%
GES	C	0.04%	0.06%	0.04%
GIII	D	0.12%	0.1%	0.1%
GMS	C	0.13%	0.32%	0.13%
GNW	B	0.31%	0.27%	0.27%
GPI	B	0.52%	0.38%	0.38%
GPRE	C	0.03%	0.1%	0.03%
GRBK	B	0.05%	0.15%	0.05%
GVA	B	0.08%	0.25%	0.08%
HAFC	C	0.05%	0.05%	0.05%
HAYN	A	0.06%	0.06%	0.06%
HAYW	B	0.07%	0.15%	0.07%
HCC	C	0.03%	0.32%	0.03%
HCSG	C	0.04%	0.07%	0.04%
HFWA	B	0.06%	0.07%	0.06%
HI	D	0.2%	0.28%	0.2%
HLX	C	0.17%	0.16%	0.16%
HMN	C	0.08%	0.12%	0.08%
HNI	B	0.06%	0.22%	0.06%
HOPE	B	0.13%	0.14%	0.13%
HP	C	0.36%	0.37%	0.36%
HSII	B	0.06%	0.06%	0.06%
HSTM	B	0.01%	0.06%	0.01%
HTLD	C	0.07%	0.05%	0.05%
HUBG	B	0.32%	0.24%	0.24%
HVT	C	0.05%	0.03%	0.03%
HZO	C	0.08%	0.05%	0.05%
IBTX	C	0.19%	0.19%	0.19%
ICHR	F	0.01%	0.08%	0.01%
ICUI	B	0.15%	0.2%	0.15%
IIIN	C	0.03%	0.06%	0.03%
INDB	C	0.22%	0.24%	0.22%
INVA	A	0.11%	0.09%	0.09%
IOSP	C	0.0%	0.28%	0.0%
ITGR	C	0.11%	0.34%	0.11%
JBLU	C	0.18%	0.17%	0.17%
JBT	D	0.11%	0.27%	0.11%
JXN	B	0.63%	0.53%	0.53%
KALU	F	0.05%	0.11%	0.05%
KAR	B	0.15%	0.16%	0.15%
KELYA	C	0.06%	0.06%	0.06%
KFY	B	0.33%	0.33%	0.33%
KMT	C	0.16%	0.17%	0.16%
KN	C	0.13%	0.13%	0.13%
KOP	F	0.05%	0.08%	0.05%
KSS	D	0.25%	0.19%	0.19%
LBRT	B	0.33%	0.31%	0.31%
LCII	C	0.18%	0.26%	0.18%
LGIH	B	0.28%	0.18%	0.18%
LGND	B	0.01%	0.16%	0.01%
LPG	D	0.19%	0.13%	0.13%
LRN	A	0.11%	0.24%	0.11%
LZB	B	0.17%	0.16%	0.16%
MATV	B	0.03%	0.08%	0.03%
MATW	C	0.05%	0.08%	0.05%
MATX	B	0.42%	0.4%	0.4%
MD	C	0.05%	0.06%	0.05%
MERC	F	0.03%	0.03%	0.03%
MGPI	B	0.08%	0.11%	0.08%
MLAB	B	0.02%	0.05%	0.02%
MLI	B	0.07%	0.69%	0.07%
MLKN	B	0.17%	0.2%	0.17%
MMI	B	0.05%	0.08%	0.05%
MNRO	B	0.04%	0.06%	0.04%
MODG	C	0.25%	0.19%	0.19%
MOV	D	0.05%	0.04%	0.04%
MRCY	C	0.11%	0.16%	0.11%
MRTN	C	0.11%	0.09%	0.09%
MTUS	D	0.1%	0.08%	0.08%
MTX	D	0.21%	0.25%	0.21%
MYE	C	0.02%	0.05%	0.02%
NAVI	C	0.17%	0.11%	0.11%
NBHC	C	0.1%	0.14%	0.1%
NBR	B	0.01%	0.08%	0.01%
NBTB	C	0.03%	0.2%	0.03%
NHC	B	0.17%	0.15%	0.15%
NMIH	C	0.1%	0.27%	0.1%
NOG	B	0.15%	0.33%	0.15%
NPK	C	0.03%	0.03%	0.03%
NPO	C	0.02%	0.31%	0.02%
NTCT	C	0.12%	0.13%	0.12%
NUS	F	0.02%	0.04%	0.02%
NVRI	A	0.07%	0.08%	0.07%
NWBI	B	0.16%	0.15%	0.15%
NWL	B	0.21%	0.21%	0.21%
NX	C	0.09%	0.1%	0.09%
ODP	D	0.17%	0.12%	0.12%
OFG	C	0.06%	0.19%	0.06%
OI	C	0.14%	0.16%	0.14%
OMCL	C	0.03%	0.13%	0.03%
OMI	C	0.1%	0.1%	0.1%
PAHC	B	0.01%	0.03%	0.01%
PARR	D	0.02%	0.13%	0.02%
PATK	B	0.1%	0.23%	0.1%
PBH	B	0.14%	0.29%	0.14%
PCRX	F	0.08%	0.08%	0.08%
PDCO	C	0.02%	0.19%	0.02%
PFS	C	0.24%	0.21%	0.21%
PHIN	B	0.09%	0.18%	0.09%
PINC	B	0.22%	0.21%	0.21%
PLAB	F	0.16%	0.14%	0.14%
PLUS	B	0.06%	0.2%	0.06%
PLXS	B	0.08%	0.32%	0.08%
PPBI	C	0.22%	0.23%	0.22%
PRA	D	0.05%	0.06%	0.05%
PRAA	C	0.05%	0.09%	0.05%
PRDO	B	0.15%	0.14%	0.14%
PRLB	C	0.04%	0.07%	0.04%
PSMT	B	0.09%	0.19%	0.09%
PUMP	C	0.11%	0.07%	0.07%
RDN	B	0.04%	0.48%	0.04%
RES	C	0.11%	0.05%	0.05%
REX	B	0.09%	0.07%	0.07%
REZI	C	0.28%	0.29%	0.28%
RGR	C	0.0%	0.07%	0.0%
RNST	C	0.17%	0.18%	0.17%
ROCK	D	0.06%	0.21%	0.06%
ROG	D	0.13%	0.17%	0.13%
RUSHA	A	0.27%	0.26%	0.26%
SAH	B	0.1%	0.07%	0.07%
SANM	B	0.47%	0.35%	0.35%
SATS	B	0.08%	0.21%	0.08%
SBCF	C	0.12%	0.21%	0.12%
SBH	D	0.04%	0.11%	0.04%
SBSI	B	0.01%	0.09%	0.01%
SCHL	F	0.09%	0.07%	0.07%
SCL	D	0.16%	0.16%	0.16%
SCSC	C	0.11%	0.11%	0.11%
SCVL	C	0.13%	0.06%	0.06%
SFNC	C	0.22%	0.24%	0.22%
SHEN	B	0.04%	0.1%	0.04%
SIG	F	0.17%	0.32%	0.17%
SKYW	C	0.32%	0.28%	0.28%
SLCA	B	0.04%	0.1%	0.04%
SM	D	0.4%	0.46%	0.4%
SMP	C	0.06%	0.05%	0.05%
SNCY	D	0.05%	0.04%	0.04%
SPNT	A	0.15%	0.11%	0.11%
SPTN	B	0.06%	0.06%	0.06%
STBA	B	0.14%	0.15%	0.14%
STC	C	0.08%	0.17%	0.08%
STRA	D	0.25%	0.22%	0.22%
SUPN	C	0.12%	0.14%	0.12%
SXC	C	0.1%	0.09%	0.09%
TALO	D	0.1%	0.15%	0.1%
TDS	B	0.23%	0.17%	0.17%
THRY	F	0.01%	0.05%	0.01%
THS	B	0.18%	0.17%	0.17%
TILE	C	0.04%	0.09%	0.04%
TMP	C	0.03%	0.07%	0.03%
TPH	C	0.51%	0.38%	0.38%
TRMK	C	0.17%	0.18%	0.17%
TRN	A	0.13%	0.25%	0.13%
TRST	B	0.06%	0.06%	0.06%
TTMI	C	0.24%	0.18%	0.18%
TWI	C	0.03%	0.04%	0.03%
UCBI	B	0.29%	0.33%	0.29%
UFCS	C	0.05%	0.04%	0.04%
UNF	A	0.24%	0.25%	0.24%
UNFI	C	0.06%	0.06%	0.06%
URBN	C	0.41%	0.21%	0.21%
USNA	F	0.04%	0.04%	0.04%
UVV	C	0.15%	0.11%	0.11%
VBTX	C	0.09%	0.12%	0.09%
VREX	F	0.05%	0.05%	0.05%
VSAT	C	0.0%	0.14%	0.0%
VSTO	A	0.08%	0.18%	0.08%
VSTS	C	0.06%	0.14%	0.06%
VTOL	B	0.08%	0.08%	0.08%
WAFD	B	0.24%	0.21%	0.21%
WGO	C	0.17%	0.16%	0.16%
WNC	F	0.05%	0.09%	0.05%
WOR	F	0.07%	0.14%	0.07%
WS	C	0.06%	0.1%	0.06%
WSFS	C	0.27%	0.29%	0.27%
XRX	F	0.11%	0.1%	0.1%
ZEUS	D	0.05%	0.05%	0.05%

DFSV Overweight 658 Positions Relative to QVMS

Symbol	Grade	Weight
MHK	B	0.99%
TMHC	B	0.7%
CMC	B	0.66%
FNB	B	0.63%
IVZ	B	0.63%
MTG	B	0.6%
SWN	F	0.6%
DTM	A	0.6%
PVH	F	0.59%
AVT	D	0.56%
THO	C	0.54%
ONB	B	0.54%
PB	B	0.53%
MUR	F	0.53%
PNFP	B	0.52%
WAL	C	0.52%
INGR	A	0.5%
OZK	C	0.48%
CADE	C	0.48%
FYBR	A	0.48%
POST	A	0.48%
CNX	B	0.47%
ESNT	B	0.46%
UBSI	B	0.45%
ZION	C	0.44%
R	B	0.44%
FHN	C	0.44%
ARW	C	0.44%
WTFC	C	0.44%
NOV	B	0.43%
JHG	B	0.43%
HOG	B	0.43%
PBF	F	0.42%
CLF	F	0.42%
OSK	D	0.42%
ASH	D	0.41%
WBS	C	0.41%
M	D	0.41%
LAD	B	0.4%
HWC	C	0.4%
WTM	C	0.4%
GTES	B	0.4%
WCC	F	0.4%
GATX	C	0.39%
SSB	B	0.39%
STNG	D	0.39%
ST	D	0.39%
KEX	C	0.39%
ASB	C	0.39%
RIG	D	0.38%
AXS	B	0.38%
HUN	D	0.38%
MDU	B	0.38%
AMKR	F	0.38%
BWA	C	0.38%
MTDR	D	0.37%
DNB	C	0.37%
AA	F	0.36%
LBRDK	B	0.36%
KNX	B	0.36%
BOKF	C	0.35%
ESGR	B	0.35%
AVNT	B	0.34%
ALIT	D	0.34%
VSH	C	0.34%
VLY	C	0.33%
ESI	C	0.33%
CHRD	D	0.33%
MAN	B	0.32%
AR	D	0.32%
DAR	C	0.32%
BIO	B	0.32%
NNI	B	0.32%
LEA	C	0.32%
AZTA	B	0.32%
X	B	0.31%
LTH	B	0.31%
JLL	B	0.31%
PRGO	C	0.31%
GHC	C	0.3%
ADTN	B	0.3%
GT	F	0.3%
TCBI	C	0.3%
SEB	D	0.29%
JAZZ	C	0.29%
BPOP	B	0.28%
FIBK	C	0.27%
HL	C	0.27%
COLB	C	0.27%
HHH	C	0.26%
BERY	B	0.26%
CMA	B	0.26%
XRAY	C	0.26%
ENOV	C	0.25%
EBC	C	0.25%
TROX	D	0.24%
FAF	B	0.24%
INSW	D	0.24%
SNV	B	0.24%
AGCO	F	0.24%
ADNT	F	0.23%
NEOG	B	0.23%
WMK	A	0.23%
SRCL	A	0.23%
NJR	A	0.23%
BHF	B	0.23%
VAC	F	0.23%
DHT	C	0.22%
GPS	D	0.22%
TGNA	C	0.22%
RRC	F	0.22%
WERN	B	0.21%
MIDD	B	0.21%
SNDR	B	0.2%
IPGP	F	0.2%
ACT	B	0.2%
CIVI	D	0.2%
SGRY	B	0.19%
XPRO	C	0.19%
GEF	B	0.19%
MIR	C	0.19%
TOWN	B	0.19%
FRME	C	0.19%
TNK	D	0.18%
ELAN	D	0.18%
HTLF	C	0.18%
ZD	F	0.18%
ORA	A	0.18%
WSBC	C	0.18%
USM	B	0.17%
NVST	F	0.17%
GPOR	F	0.17%
COHR	C	0.16%
SKX	D	0.16%
CMRE	D	0.15%
EFSC	B	0.15%
SFL	F	0.15%
FA	B	0.15%
APA	C	0.15%
PPC	B	0.15%
HGV	D	0.14%
LILAK	B	0.14%
BILL	F	0.14%
CPA	F	0.13%
ASGN	D	0.13%
GO	F	0.13%
UA	D	0.13%
PEBO	C	0.13%
BUSE	C	0.13%
IMKTA	B	0.13%
FOR	F	0.13%
HELE	F	0.13%
UMBF	B	0.12%
SASR	C	0.12%
KBH	B	0.12%
FMC	B	0.12%
SOFI	D	0.11%
PTVE	D	0.11%
SWI	D	0.11%
DK	D	0.11%
PRIM	B	0.11%
LC	B	0.11%
GXO	C	0.11%
UAA	D	0.11%
SCS	B	0.11%
WTTR	A	0.1%
CMCO	D	0.1%
ECVT	F	0.1%
DCO	B	0.1%
ENS	B	0.1%
CLVT	D	0.1%
MOS	D	0.1%
HLIO	F	0.1%
ECPG	C	0.1%
VCYT	C	0.1%
SON	D	0.09%
PLYA	D	0.09%
QCRH	B	0.09%
ATSG	C	0.09%
BXC	C	0.09%
NMRK	B	0.09%
CRGY	D	0.09%
JELD	C	0.09%
BV	A	0.09%
IART	F	0.09%
MGNI	C	0.08%
PRM	B	0.08%
ASC	D	0.08%
TPC	C	0.08%
PFC	C	0.08%
OCFC	C	0.08%
NXST	B	0.08%
LEG	D	0.08%
TRS	D	0.08%
MLR	B	0.08%
LAUR	B	0.08%
BMBL	F	0.08%
TCBK	C	0.08%
OBK	C	0.07%
TK	D	0.07%
UVSP	C	0.07%
HOMB	B	0.07%
MBWM	C	0.07%
REVG	B	0.07%
KE	C	0.07%
EBF	B	0.07%
BY	C	0.07%
GNK	D	0.07%
LBRDA	B	0.07%
CNOB	C	0.07%
VSEC	C	0.06%
ETWO	C	0.06%
FBMS	B	0.06%
DOLE	A	0.06%
NR	C	0.06%
SRCL	A	0.06%
RRX	B	0.06%
RCM	B	0.06%
DNUT	F	0.06%
RBCAA	C	0.06%
CZR	D	0.06%
RYI	D	0.06%
CTBI	B	0.05%
VPG	C	0.05%
CACI	A	0.05%
MRC	B	0.05%
MSBI	D	0.05%
BSRR	C	0.05%
NIC	C	0.05%
GTN	D	0.05%
NAPA	F	0.05%
HTZ	F	0.05%
CFB	C	0.05%
GLDD	C	0.05%
SWBI	B	0.05%
TRC	B	0.05%
NAT	F	0.05%
HBNC	C	0.05%
SBLK	F	0.05%
RDUS	D	0.05%
UFPI	B	0.05%
ZUMZ	B	0.05%
IBOC	C	0.05%
PLPC	D	0.05%
LILA	B	0.04%
AMTB	D	0.04%
TKR	B	0.04%
BHB	C	0.04%
ATNI	C	0.04%
CENT	D	0.04%
TEX	C	0.04%
NWPX	B	0.04%
KRNY	C	0.04%
SRCE	B	0.04%
THR	C	0.04%
MTW	D	0.04%
HTBI	B	0.04%
PACK	B	0.04%
GLRE	B	0.04%
CTOS	D	0.04%
PGC	C	0.04%
FMBH	B	0.04%
BRY	D	0.04%
HONE	C	0.04%
MSGE	C	0.04%
ACCO	C	0.04%
KRO	D	0.04%
NFBK	C	0.04%
THFF	C	0.04%
HTBK	C	0.04%
IBCP	B	0.03%
RYAM	B	0.03%
BOOM	D	0.03%
SRI	B	0.03%
USAP	A	0.03%
LSEA	B	0.03%
FLWS	B	0.03%
RUN	B	0.03%
OSUR	D	0.03%
PKOH	B	0.03%
METC	F	0.03%
LOVE	C	0.03%
OIS	C	0.03%
GCO	B	0.03%
LXU	B	0.03%
FRPH	D	0.03%
CCNE	C	0.03%
BFST	C	0.03%
RCKY	D	0.03%
IAS	D	0.03%
IPI	C	0.03%
TBI	C	0.03%
ZIMV	C	0.03%
BHRB	C	0.03%
ADV	B	0.03%
WASH	C	0.03%
VMEO	D	0.03%
AMPS	D	0.03%
LEGH	B	0.03%
VLGEA	A	0.03%
JOUT	C	0.03%
OSBC	C	0.03%
CAC	C	0.03%
EGY	B	0.03%
GSM	F	0.03%
BOC	C	0.03%
LOCO	A	0.03%
RM	C	0.03%
DGICA	B	0.03%
FFIC	C	0.03%
AMAL	C	0.03%
RGP	C	0.03%
TITN	D	0.03%
FISI	B	0.03%
MCS	C	0.03%
AVO	C	0.03%
WHR	C	0.03%
TWLO	D	0.02%
ULBI	C	0.02%
LGF.A	D	0.02%
RPAY	D	0.02%
FUNC	B	0.02%
HOFT	D	0.02%
JAKK	C	0.02%
LCUT	D	0.02%
SOI	B	0.02%
CLFD	B	0.02%
PTSI	C	0.02%
PYCR	D	0.02%
ALCO	B	0.02%
NTGR	B	0.02%
WEYS	B	0.02%
GSBC	C	0.02%
FRBA	B	0.02%
TSBK	C	0.02%
MG	B	0.02%
FLXS	C	0.02%
CARE	B	0.02%
ANET	C	0.02%
CNDT	B	0.02%
RBB	C	0.02%
BBCP	D	0.02%
CDE	C	0.02%
MEC	B	0.02%
CFFI	B	0.02%
MOFG	B	0.02%
SHBI	C	0.02%
ORN	D	0.02%
BCML	B	0.02%
PANL	F	0.02%
AMRC	D	0.02%
MCFT	C	0.02%
REPX	C	0.02%
LAKE	B	0.02%
FSTR	F	0.02%
AVD	D	0.02%
CHGG	F	0.02%
FLIC	C	0.02%
ULH	C	0.02%
MPB	B	0.02%
RNGR	B	0.02%
HNRG	D	0.02%
ASUR	C	0.02%
SMHI	D	0.02%
VRA	F	0.02%
RLGT	C	0.02%
FF	C	0.02%
COTY	F	0.02%
EQBK	C	0.02%
FRST	C	0.02%
HBCP	C	0.02%
NGS	D	0.02%
ORRF	B	0.02%
CIVB	C	0.02%
NGVC	B	0.02%
BAND	D	0.02%
FBIZ	C	0.02%
BELFB	C	0.02%
RBBN	C	0.02%
PARA	D	0.02%
SMBK	B	0.02%
INBK	C	0.02%
GENC	B	0.02%
DAKT	B	0.02%
FWRG	F	0.02%
KODK	C	0.02%
HOV	C	0.02%
MEI	D	0.02%
WSBF	B	0.02%
BMRC	C	0.02%
GRNT	C	0.02%
HRTG	C	0.02%
GCI	C	0.02%
AMPY	C	0.02%
ACDC	C	0.01%
SNFCA	C	0.01%
CMP	D	0.01%
MVBF	C	0.01%
ACNB	B	0.01%
EPM	D	0.01%
DINO	D	0.01%
FORR	C	0.01%
INTT	D	0.01%
EVC	D	0.01%
CRNC	F	0.01%
CNSL	A	0.01%
RIOT	D	0.01%
FNWB	D	0.01%
SBT	C	0.01%
CLNE	D	0.01%
SFST	C	0.01%
MBUU	D	0.01%
CPS	D	0.01%
LYTS	B	0.01%
ODC	F	0.01%
OPBK	B	0.01%
SPFI	B	0.01%
CMTL	D	0.01%
TWIN	C	0.01%
KW	C	0.01%
ORI	A	0.01%
PHX	C	0.01%
ISTR	C	0.01%
CZNC	C	0.01%
GNTY	C	0.01%
POWW	F	0.01%
TCMD	D	0.01%
CVGI	D	0.01%
ARC	C	0.01%
PWOD	C	0.01%
SHYF	B	0.01%
RVSB	C	0.01%
WLFC	A	0.01%
SGC	C	0.01%
CBAN	C	0.01%
SPWH	F	0.01%
NATR	C	0.01%
UBFO	B	0.01%
PETQ	D	0.01%
STRT	D	0.01%
EBTC	C	0.01%
GEOS	F	0.01%
HDSN	F	0.01%
FONR	B	0.01%
LTRX	C	0.01%
CNXC	C	0.01%
SSYS	F	0.01%
SGA	D	0.01%
VYGR	C	0.01%
HURC	D	0.01%
DHX	F	0.01%
SSP	D	0.01%
PKBK	C	0.01%
AVNW	C	0.01%
AOUT	B	0.01%
DXLG	D	0.01%
BWB	C	0.01%
TCBX	C	0.01%
RUSHB	B	0.01%
AGX	C	0.01%
MPAA	C	0.01%
VRNT	C	0.01%
CCBG	B	0.01%
TTSH	C	0.01%
QUAD	D	0.01%
ANGO	B	0.01%
GEF	B	0.01%
BFIN	A	0.01%
SENEA	B	0.01%
PCB	C	0.01%
FRD	B	0.01%
UTMD	F	0.01%
VNDA	C	0.01%
BH	C	0.01%
RELL	B	0.01%
NECB	B	0.01%
IMMR	C	0.01%
BALY	A	0.01%
BZH	B	0.01%
BLFY	B	0.01%
RMAX	D	0.01%
LXFR	C	0.01%
PFIS	B	0.01%
UNTY	B	0.01%
NRIM	C	0.01%
BSET	F	0.01%
FSBW	B	0.01%
BCBP	C	0.01%
FET	D	0.01%
FCBC	B	0.01%
TTEC	D	0.01%
NBN	C	0.01%
SWIM	C	0.01%
ORGO	D	0.01%
LINC	C	0.01%
BANC	D	0.01%
HMST	B	0.01%
NC	D	0.01%
CVEO	A	0.01%
VIRC	B	0.01%
ASLE	D	0.01%
CTRN	F	0.01%
WNEB	C	0.01%
SSBI	D	0.0%
RBKB	C	0.0%
ESP	C	0.0%
COFS	C	0.0%
LSBK	B	0.0%
FCAP	C	0.0%
HWBK	B	0.0%
FSFG	B	0.0%
KEQU	A	0.0%
CFBK	A	0.0%
OVBC	B	0.0%
BOTJ	C	0.0%
LUNA	F	0.0%
IROQ	B	0.0%
LARK	B	0.0%
RMBI	B	0.0%
TAIT	C	0.0%
NWFL	C	0.0%
ELSE	F	0.0%
GROW	C	0.0%
VABK	C	0.0%
LGL	C	0.0%
SLNG	D	0.0%
OPY	C	0.0%
HNNA	A	0.0%
AMS	D	0.0%
DAIO	F	0.0%
FUSB	C	0.0%
NSYS	C	0.0%
CBNK	B	0.0%
CPSS	C	0.0%
DIT	D	0.0%
FKWL	A	0.0%
STRS	C	0.0%
CCRD	F	0.0%
CRWS	D	0.0%
BDL	C	0.0%
MGYR	A	0.0%
OPHC	B	0.0%
CULP	C	0.0%
ALTO	D	0.0%
WVVI	F	0.0%
EVI	D	0.0%
ATLO	C	0.0%
WHLM	C	0.0%
ALOT	F	0.0%
FRAF	A	0.0%
FCCO	C	0.0%
AFBI	A	0.0%
PPIH	B	0.0%
NTIC	F	0.0%
TAYD	B	0.0%
CBFV	B	0.0%
UEIC	C	0.0%
HMNF	B	0.0%
VEL	C	0.0%
LCNB	C	0.0%
NNBR	C	0.0%
AE	B	0.0%
ESCA	D	0.0%
LGF.A	D	0.0%
GPRO	D	0.0%
UONEK	F	0.0%
CKX	F	0.0%
CVR	D	0.0%
WHG	B	0.0%
LIVE	F	0.0%
FLL	C	0.0%
PROV	C	0.0%
UONE	D	0.0%
METCB	D	0.0%
KIDS	C	0.0%
BCOV	C	0.0%
RRBI	C	0.0%
FREE	A	0.0%
EBMT	C	0.0%
MBCN	D	0.0%
OB	B	0.0%
TBRG	C	0.0%
HFFG	D	0.0%
HBB	B	0.0%
TRT	F	0.0%
UFI	D	0.0%
TASK	B	0.0%
CZFS	C	0.0%
HBT	C	0.0%
FVCB	C	0.0%
SD	D	0.0%
ITI	C	0.0%
ITIC	B	0.0%
FMAO	C	0.0%
ASRV	C	0.0%
PFSI	C	0.0%
TUSK	B	0.0%
MRBK	B	0.0%
AXTI	D	0.0%
TG	C	0.0%
PVBC	C	0.0%
DO	C	0.0%
CSTL	C	0.0%
JRVR	D	0.0%
MNSB	D	0.0%
AC	B	0.0%
TACT	D	0.0%
PRTS	F	0.0%
BWEN	D	0.0%
HIFS	B	0.0%
AROW	C	0.0%
SGRP	D	0.0%
ACU	B	0.0%
OLO	B	0.0%
FPH	B	0.0%
ARKO	C	0.0%
CALB	C	0.0%
TWKS	C	0.0%
GAIA	B	0.0%
RSVR	C	0.0%
DLHC	D	0.0%
MNTX	D	0.0%
MYFW	C	0.0%
KTCC	F	0.0%
ATLC	C	0.0%
NL	F	0.0%
WLDN	B	0.0%
AXR	B	0.0%
SBFG	B	0.0%
KVHI	F	0.0%
ITOS	B	0.0%
CHMG	C	0.0%
CZWI	B	0.0%
EPSN	C	0.0%
PNRG	B	0.0%
CIX	D	0.0%
SMBC	B	0.0%
MYPS	F	0.0%
ONEW	D	0.0%
HPK	C	0.0%
DLTH	F	0.0%
DH	F	0.0%
TLYS	D	0.0%
CLAR	F	0.0%
EVBN	B	0.0%
TBNK	C	0.0%
VTSI	D	0.0%
III	D	0.0%
CATO	D	0.0%
NEXA	D	0.0%
EHTH	D	0.0%
ANGI	D	0.0%
BWFG	B	0.0%
EML	C	0.0%
SRTS	C	0.0%
ACTG	C	0.0%
MCB	C	0.0%
ALRS	C	0.0%

DFSV Underweight 249 Positions Relative to QVMS

Symbol	Grade	Weight
ATI	B	-0.73%
FN	D	-0.67%
ENSG	B	-0.65%
SPSC	B	-0.64%
MTH	B	-0.62%
CRS	B	-0.59%
FSS	B	-0.53%
COOP	C	-0.51%
NSIT	C	-0.51%
BMI	B	-0.51%
GKOS	C	-0.49%
LNC	B	-0.49%
OGN	B	-0.49%
IBP	C	-0.48%
MOG.A	B	-0.48%
BCPC	B	-0.48%
AWI	B	-0.48%
VRRM	B	-0.43%
MGY	C	-0.43%
DY	B	-0.43%
MC	C	-0.41%
MMSI	B	-0.41%
EPRT	B	-0.39%
ITRI	C	-0.39%
MHO	B	-0.38%
ALKS	B	-0.38%
AVAV	D	-0.38%
MARA	D	-0.37%
PIPR	B	-0.36%
FELE	B	-0.36%
OTTR	B	-0.36%
PECO	B	-0.35%
SEM	B	-0.35%
AEIS	C	-0.34%
SFBS	B	-0.34%
AX	C	-0.33%
HASI	B	-0.33%
FORM	D	-0.33%
RDNT	C	-0.33%
BGC	C	-0.33%
SLG	B	-0.33%
FBP	B	-0.32%
WDFC	B	-0.31%
MAC	C	-0.3%
CTRE	A	-0.3%
KTB	A	-0.3%
WD	C	-0.3%
IAC	C	-0.3%
PTEN	D	-0.3%
ALRM	C	-0.3%
BOOT	B	-0.29%
CBU	B	-0.29%
IIPR	B	-0.29%
RXO	B	-0.29%
MPW	D	-0.29%
SXT	C	-0.29%
AVA	A	-0.28%
ACLS	F	-0.28%
MGEE	A	-0.28%
BRC	A	-0.28%
ENV	D	-0.28%
OII	B	-0.27%
AWR	B	-0.27%
HIW	A	-0.27%
APAM	C	-0.27%
SMPL	F	-0.27%
CWT	A	-0.27%
CCOI	B	-0.26%
CWEN	A	-0.26%
SHAK	C	-0.26%
BXMT	C	-0.26%
SHOO	C	-0.26%
CVCO	B	-0.26%
APLE	C	-0.26%
LXP	B	-0.25%
EAT	D	-0.25%
AIN	C	-0.25%
CORT	B	-0.25%
FTDR	B	-0.25%
SKT	A	-0.25%
IDCC	A	-0.25%
DORM	B	-0.24%
PJT	B	-0.24%
VCEL	C	-0.23%
PRK	C	-0.23%
CRVL	B	-0.23%
SITC	B	-0.23%
BOH	C	-0.23%
GFF	C	-0.23%
CPK	A	-0.23%
DV	C	-0.23%
TBBK	C	-0.23%
IPAR	B	-0.22%
KWR	C	-0.22%
PRFT	A	-0.22%
SLVM	B	-0.22%
DEI	B	-0.22%
YELP	F	-0.21%
ABR	D	-0.21%
FCPT	A	-0.21%
AMN	B	-0.21%
BL	F	-0.21%
JJSF	B	-0.21%
PRGS	B	-0.21%
MYRG	F	-0.21%
MTRN	C	-0.21%
KLIC	F	-0.21%
JOE	B	-0.2%
SNEX	B	-0.2%
SITM	C	-0.2%
FTRE	C	-0.2%
MYGN	B	-0.2%
OSIS	B	-0.2%
SXI	B	-0.19%
EPAC	B	-0.19%
UFPT	A	-0.19%
CNMD	F	-0.19%
AGYS	B	-0.19%
UE	B	-0.19%
ASTH	B	-0.19%
CXW	D	-0.19%
EVTC	C	-0.19%
GSHD	B	-0.19%
SHO	D	-0.18%
GEO	C	-0.18%
CNS	B	-0.18%
PLMR	B	-0.18%
CNK	B	-0.18%
CARG	C	-0.17%
VECO	D	-0.17%
PRG	B	-0.17%
STAA	D	-0.17%
HBI	B	-0.17%
RAMP	F	-0.17%
CPRX	B	-0.17%
PRVA	B	-0.17%
AKR	B	-0.17%
ENR	C	-0.17%
TNC	C	-0.17%
TRIP	F	-0.16%
NEO	B	-0.16%
SJW	B	-0.16%
BLMN	C	-0.16%
UCTT	D	-0.16%
HWKN	A	-0.16%
LUMN	B	-0.15%
DRH	F	-0.15%
VRTS	D	-0.15%
DFIN	C	-0.15%
VSCO	F	-0.15%
CHCO	B	-0.15%
LKFN	C	-0.15%
CERT	C	-0.15%
MCY	A	-0.14%
BANF	B	-0.14%
GTY	B	-0.14%
OXM	D	-0.14%
HTH	C	-0.14%
CAKE	D	-0.14%
CTS	D	-0.14%
AMPH	C	-0.14%
THRM	B	-0.14%
PEB	F	-0.14%
SONO	F	-0.14%
VIAV	D	-0.14%
CASH	B	-0.14%
LMAT	B	-0.14%
CHEF	C	-0.13%
APOG	B	-0.13%
WABC	C	-0.13%
ARLO	C	-0.13%
NWN	A	-0.13%
USPH	C	-0.13%
LTC	B	-0.13%
ROIC	B	-0.13%
XNCR	F	-0.12%
ARI	C	-0.12%
CXM	F	-0.12%
JBGS	C	-0.12%
HLIT	B	-0.12%
RC	C	-0.12%
XHR	D	-0.12%
DVAX	F	-0.12%
POWL	C	-0.11%
DEA	B	-0.11%
SAFT	B	-0.11%
NVEE	C	-0.11%
TRUP	B	-0.11%
LNN	B	-0.11%
ALEX	A	-0.11%
CSGS	C	-0.11%
PLAY	F	-0.1%
CLB	C	-0.1%
CARS	B	-0.1%
WWW	B	-0.1%
PMT	C	-0.1%
COLL	B	-0.1%
KLG	D	-0.1%
AAT	B	-0.1%
BKE	B	-0.1%
EFC	B	-0.09%
UTL	A	-0.09%
SSTK	C	-0.09%
MCRI	B	-0.09%
MXL	F	-0.09%
HIBB	A	-0.09%
CSR	A	-0.09%
ATEN	F	-0.09%
EXPI	C	-0.09%
SGH	C	-0.09%
HRMY	C	-0.09%
PFBC	C	-0.09%
FIZZ	C	-0.09%
NABL	D	-0.08%
CENX	D	-0.08%
RWT	C	-0.08%
ANIP	B	-0.08%
NXRT	A	-0.08%
JBSS	B	-0.08%
CBRL	D	-0.08%
AMSF	C	-0.08%
SVC	D	-0.08%
QNST	B	-0.08%
RCUS	D	-0.07%
CVI	D	-0.07%
BLFS	B	-0.07%
AHH	B	-0.07%
BDN	B	-0.07%
VICR	C	-0.07%
WSR	B	-0.06%
INN	B	-0.06%
MCW	C	-0.06%
KREF	B	-0.06%
FWRD	D	-0.06%
HPP	C	-0.06%
HAIN	C	-0.06%
VVI	D	-0.06%
XPEL	C	-0.06%
TR	C	-0.05%
HCI	D	-0.05%
SLP	D	-0.05%
CHCT	F	-0.05%
RGNX	D	-0.05%
CVGW	F	-0.04%
LQDT	B	-0.04%
BFS	A	-0.04%
WRLD	D	-0.04%
UHT	B	-0.04%
SPWR	F	-0.01%