DFUV vs. DFND ETF Comparison

Comparison of Dimensional US Marketwide Value ETF (DFUV) to Realty Shares DIVCON Dividend Defender ETF (DFND)

DFUV

Dimensional US Marketwide Value ETF

DFUV Description

The investment seeks to achieve long-term capital appreciation. The US Marketwide Value ETF is designed to purchase a broad and diverse group of securities of U.S. companies that the Advisor determines to be value stocks. The Advisor considers companies of all market capitalizations for purchase by the Portfolio. The Portfolio 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

$44.35

Average Daily Volume

212,521

Number of Holdings ^*

1274

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.63

Average Daily Volume

862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFUV	DFND
30 Days	6.41%	5.89%
60 Days	7.23%	1.30%
90 Days	8.14%	14.77%
12 Months	29.82%	14.91%

33 Overlapping Holdings

Symbol	Grade	Weight in DFUV	Weight in DFND	Overlap
ADI	D	0.54%	1.37%	0.54%
ALB	C	0.08%	1.01%	0.08%
AOS	D	0.0%	1.09%	0.0%
APA	F	0.01%	-0.82%	-0.82%
CB	D	0.52%	1.39%	0.52%
CMCSA	C	1.44%	1.15%	1.15%
CME	A	0.13%	1.24%	0.13%
CMI	A	0.32%	2.09%	0.32%
CSCO	A	1.49%	1.5%	1.49%
DHI	D	0.41%	1.47%	0.41%
DVN	F	0.16%	-1.12%	-1.12%
ETN	A	0.44%	1.74%	0.44%
F	C	0.26%	-2.41%	-2.41%
FCX	F	0.42%	-1.86%	-1.86%
GL	C	0.03%	0.93%	0.03%
INTC	C	0.28%	-1.08%	-1.08%
IP	B	0.13%	-2.32%	-2.32%
J	F	0.1%	1.42%	0.1%
LIN	D	0.62%	1.2%	0.62%
LUV	B	0.11%	-2.05%	-2.05%
LW	C	0.0%	1.13%	0.0%
MCHP	F	0.0%	0.08%	0.0%
MLM	B	0.27%	0.8%	0.27%
MPC	F	0.52%	2.11%	0.52%
NDSN	B	0.02%	2.22%	0.02%
NWS	B	0.03%	-1.96%	-1.96%
PARA	C	0.0%	-0.33%	-0.33%
PHM	C	0.24%	2.0%	0.24%
PPG	D	0.16%	1.77%	0.16%
SNA	A	0.14%	2.66%	0.14%
SW	B	0.09%	-2.15%	-2.15%
T	A	1.2%	-2.19%	-2.19%
VFC	C	0.0%	-1.1%	-1.1%

DFUV Overweight 1241 Positions Relative to DFND

Symbol	Grade	Weight
JPM	B	4.83%
XOM	C	3.81%
BRK.A	B	3.18%
CVX	B	2.05%
BAC	A	1.43%
VZ	B	1.28%
WFC	A	1.24%
CRM	B	1.19%
ABT	B	1.17%
COP	D	1.12%
GS	B	1.07%
TMO	F	0.98%
MS	B	0.94%
TMUS	A	0.92%
JNJ	D	0.88%
DHR	D	0.79%
AMD	F	0.76%
CI	D	0.74%
ELV	F	0.74%
DIS	B	0.73%
RTX	D	0.68%
PFE	D	0.66%
MDLZ	F	0.65%
CVS	D	0.64%
MDT	D	0.62%
DE	B	0.61%
C	A	0.61%
GM	B	0.57%
FDX	B	0.53%
EOG	C	0.51%
MU	D	0.5%
GILD	B	0.49%
NSC	A	0.47%
PSX	C	0.45%
VLO	C	0.43%
COF	B	0.41%
WMB	B	0.41%
APD	A	0.4%
GD	F	0.4%
BK	A	0.39%
BDX	F	0.39%
FI	A	0.39%
PCAR	B	0.38%
USB	A	0.37%
PNC	A	0.37%
MET	A	0.36%
AIG	B	0.35%
NOC	D	0.35%
REGN	F	0.35%
CSX	B	0.34%
TRV	B	0.34%
GLW	B	0.34%
KMI	B	0.33%
DFS	B	0.32%
FIS	D	0.31%
KR	A	0.3%
DAL	B	0.3%
AFL	B	0.3%
NUE	D	0.3%
TGT	F	0.3%
EMR	A	0.29%
HIG	B	0.29%
SLB	C	0.29%
CTSH	B	0.29%
JCI	C	0.29%
MRVL	B	0.28%
BSX	C	0.27%
TFC	B	0.27%
BKR	C	0.27%
LHX	C	0.26%
LEN	C	0.26%
BMY	B	0.26%
ROP	B	0.25%
FANG	F	0.25%
PRU	A	0.24%
IR	A	0.24%
VMC	B	0.24%
SYF	A	0.23%
UAL	B	0.23%
CBRE	B	0.23%
AME	A	0.23%
FCNCA	B	0.22%
STZ	D	0.22%
EBAY	C	0.22%
DOW	F	0.22%
EA	C	0.22%
OXY	F	0.22%
LYB	F	0.21%
GIS	D	0.21%
STLD	B	0.21%
URI	B	0.2%
PH	A	0.2%
FITB	B	0.2%
GRMN	A	0.2%
WAB	B	0.2%
MTB	B	0.2%
CARR	C	0.2%
HUM	C	0.2%
ACGL	D	0.19%
KDP	D	0.18%
TTWO	B	0.18%
GEHC	F	0.18%
HPE	B	0.18%
PWR	A	0.17%
NEM	F	0.17%
ADM	F	0.17%
CTVA	B	0.17%
RJF	A	0.17%
RF	B	0.17%
DOV	A	0.16%
CNC	F	0.16%
SQ	B	0.16%
FTV	B	0.16%
DD	D	0.15%
EQT	B	0.15%
STT	A	0.15%
HAL	C	0.15%
OC	B	0.15%
PKG	B	0.15%
CTRA	B	0.15%
RSG	A	0.15%
RS	B	0.15%
HBAN	B	0.15%
ON	C	0.14%
TOL	A	0.14%
SSNC	A	0.14%
CF	B	0.14%
LDOS	D	0.14%
FLEX	B	0.14%
KVUE	A	0.13%
XYL	D	0.13%
PNR	B	0.13%
BLDR	C	0.13%
USFD	A	0.13%
NTRS	A	0.13%
MRO	B	0.13%
DGX	B	0.13%
MKL	A	0.13%
CINF	A	0.13%
PFG	C	0.13%
KHC	D	0.13%
WDC	C	0.12%
ZBH	C	0.12%
ALL	B	0.12%
LH	B	0.12%
L	B	0.12%
TDY	B	0.12%
ITT	A	0.11%
UNM	A	0.11%
KEY	A	0.11%
EWBC	B	0.11%
CCL	B	0.11%
UTHR	C	0.11%
CASY	B	0.11%
OKE	C	0.11%
CSGP	C	0.11%
EG	C	0.11%
SWKS	F	0.1%
TXT	D	0.1%
PFGC	A	0.1%
BG	F	0.1%
ICE	D	0.1%
TSN	B	0.1%
CFG	B	0.1%
AMCR	D	0.1%
UHAL	D	0.1%
FSLR	F	0.1%
STE	F	0.1%
GPN	C	0.1%
FNF	B	0.1%
FFIV	A	0.1%
TRMB	B	0.09%
MOH	F	0.09%
RGA	A	0.09%
CHTR	C	0.09%
CACI	D	0.09%
LAD	B	0.09%
EMN	D	0.09%
CPB	D	0.09%
TRU	D	0.09%
FTI	A	0.09%
AIZ	B	0.09%
COHR	C	0.09%
NVT	B	0.09%
BALL	D	0.09%
NWSA	B	0.09%
VTRS	B	0.09%
MKC	D	0.09%
WCC	B	0.09%
HOLX	D	0.09%
AKAM	F	0.09%
IFF	D	0.09%
UHS	D	0.09%
CW	B	0.08%
KMX	B	0.08%
BIIB	F	0.08%
SJM	D	0.08%
MTZ	B	0.08%
FBIN	D	0.08%
CCK	D	0.08%
ARMK	A	0.08%
INGR	B	0.08%
DOX	D	0.08%
AVTR	F	0.08%
ZM	B	0.08%
NRG	C	0.08%
SF	B	0.08%
ATR	B	0.08%
ALLY	C	0.08%
TWLO	B	0.08%
JEF	A	0.08%
AYI	B	0.08%
TPR	A	0.08%
MLI	C	0.08%
BAX	F	0.07%
FYBR	D	0.07%
ZBRA	A	0.07%
IPG	C	0.07%
RRX	A	0.07%
ZION	B	0.07%
ORI	A	0.07%
CRL	C	0.07%
JLL	B	0.07%
JNPR	F	0.07%
MGM	F	0.07%
BERY	B	0.07%
GPK	C	0.07%
UFPI	B	0.07%
SNX	C	0.07%
EW	C	0.07%
CMA	A	0.07%
GNRC	B	0.07%
LKQ	D	0.07%
WAL	B	0.07%
CRS	B	0.07%
TAP	C	0.07%
SKX	D	0.07%
LPX	B	0.07%
Z	B	0.07%
EHC	B	0.07%
CRBG	B	0.07%
CSL	B	0.07%
RVTY	D	0.07%
SWK	D	0.07%
WTW	B	0.07%
ICLR	F	0.06%
AM	B	0.06%
BOKF	B	0.06%
MIDD	B	0.06%
CG	B	0.06%
BPOP	B	0.06%
CLH	B	0.06%
ESI	B	0.06%
MOG.A	B	0.06%
ARW	D	0.06%
BWA	C	0.06%
CFR	B	0.06%
HRL	D	0.06%
JHG	A	0.06%
AGCO	D	0.06%
TMHC	A	0.06%
OSK	B	0.06%
DAR	C	0.06%
RGLD	D	0.06%
GAP	C	0.06%
EXEL	A	0.06%
RNR	C	0.06%
ENSG	D	0.06%
OKTA	C	0.06%
RL	B	0.06%
HOOD	B	0.06%
CE	F	0.06%
POST	B	0.06%
JXN	B	0.06%
CIEN	B	0.06%
AXTA	A	0.06%
APG	B	0.06%
WWD	B	0.06%
MTG	B	0.06%
AN	B	0.06%
PAG	B	0.06%
WTFC	B	0.06%
FHN	B	0.06%
G	B	0.06%
SNV	B	0.06%
KEX	B	0.06%
DDS	B	0.06%
DTM	B	0.06%
R	B	0.06%
AFG	A	0.06%
RRC	B	0.06%
WRB	A	0.06%
FOXA	C	0.06%
HES	C	0.06%
PNFP	B	0.06%
ALV	C	0.06%
FLS	A	0.06%
AMG	B	0.05%
ALSN	B	0.05%
HOMB	B	0.05%
RDN	C	0.05%
FNB	B	0.05%
CADE	B	0.05%
PB	B	0.05%
JAZZ	B	0.05%
ACA	B	0.05%
MAT	D	0.05%
MATX	C	0.05%
HRI	B	0.05%
INCY	C	0.05%
AMKR	F	0.05%
ONB	B	0.05%
DINO	F	0.05%
SUM	B	0.05%
GBCI	B	0.05%
FAF	B	0.05%
GLOB	B	0.05%
KEYS	B	0.05%
TROW	A	0.05%
FLR	B	0.05%
CTLT	B	0.05%
SAIC	F	0.05%
GPI	B	0.05%
HQY	B	0.05%
GATX	A	0.05%
CRUS	F	0.05%
RBC	B	0.05%
WBS	B	0.05%
TKO	B	0.05%
TFX	F	0.05%
BCC	B	0.05%
ALK	A	0.05%
AIT	B	0.05%
CNX	B	0.05%
NXST	C	0.05%
OVV	C	0.05%
CAG	D	0.05%
BECN	B	0.05%
OMF	A	0.05%
ACI	C	0.05%
MHK	D	0.05%
HII	F	0.05%
GPC	D	0.05%
GXO	B	0.05%
ZWS	A	0.05%
AR	B	0.05%
KNX	B	0.05%
DLTR	D	0.05%
LBRDK	C	0.05%
GNTX	C	0.05%
BLD	C	0.05%
PSN	D	0.05%
WBD	C	0.05%
SSB	B	0.05%
WLK	D	0.05%
ESAB	B	0.05%
X	C	0.05%
MTDR	C	0.05%
AXS	A	0.05%
CMC	B	0.05%
ASGN	D	0.04%
CHRD	F	0.04%
NYT	C	0.04%
KFY	B	0.04%
FUL	D	0.04%
AVT	C	0.04%
NOG	A	0.04%
MNST	B	0.04%
H	A	0.04%
CR	B	0.04%
ATI	D	0.04%
PFSI	C	0.04%
LRN	B	0.04%
BOOT	D	0.04%
BDC	B	0.04%
COLM	A	0.04%
FND	C	0.04%
ABCB	B	0.04%
FELE	B	0.04%
SOLV	C	0.04%
CNO	A	0.04%
OLN	F	0.04%
MUR	F	0.04%
DY	D	0.04%
SON	D	0.04%
APTV	F	0.04%
PVH	C	0.04%
PLXS	B	0.04%
GTES	A	0.04%
MGY	B	0.04%
MHO	C	0.04%
ABG	B	0.04%
JBHT	C	0.04%
MMS	F	0.04%
VMI	A	0.04%
SKYW	B	0.04%
TKR	D	0.04%
ITRI	B	0.04%
MRNA	F	0.04%
ITGR	A	0.04%
SM	C	0.04%
OZK	B	0.04%
SEM	B	0.04%
SKY	B	0.04%
UBSI	B	0.04%
AL	A	0.04%
CZR	D	0.04%
IEX	B	0.04%
LFUS	D	0.04%
SSD	C	0.04%
LEA	F	0.04%
ENTG	D	0.04%
THO	B	0.04%
SLGN	A	0.04%
MTH	C	0.04%
HAS	D	0.04%
BC	C	0.04%
KNF	B	0.04%
NSIT	F	0.04%
VOYA	B	0.04%
FCN	D	0.04%
AGO	A	0.04%
HSIC	B	0.04%
ACIW	B	0.04%
ESNT	D	0.04%
CBT	C	0.04%
DLB	B	0.03%
DNB	B	0.03%
EPAM	C	0.03%
WSFS	B	0.03%
HP	C	0.03%
HUBG	A	0.03%
AMR	C	0.03%
UNF	B	0.03%
SXT	B	0.03%
BTU	C	0.03%
TGLS	B	0.03%
THG	C	0.03%
MKSI	C	0.03%
FULT	B	0.03%
AEO	F	0.03%
SIRI	C	0.03%
URBN	C	0.03%
IDCC	A	0.03%
OLLI	C	0.03%
TGNA	B	0.03%
ASB	B	0.03%
TRN	B	0.03%
FBP	B	0.03%
FN	D	0.03%
SIGI	B	0.03%
JWN	A	0.03%
ESGR	B	0.03%
NVST	C	0.03%
CATY	B	0.03%
DXC	B	0.03%
OPCH	F	0.03%
CEIX	A	0.03%
TEX	D	0.03%
UCB	B	0.03%
ATGE	B	0.03%
BRC	C	0.03%
CHX	C	0.03%
PR	C	0.03%
NOV	C	0.03%
HAE	B	0.03%
MDU	F	0.03%
SLVM	B	0.03%
KBR	F	0.03%
AEIS	B	0.03%
FOX	B	0.03%
MWA	B	0.03%
TCBI	B	0.03%
HXL	D	0.03%
M	D	0.03%
AROC	B	0.03%
REZI	B	0.03%
HUN	F	0.03%
CRC	C	0.03%
GHC	B	0.03%
SMPL	B	0.03%
CVCO	B	0.03%
ELAN	F	0.03%
WTS	B	0.03%
ANF	C	0.03%
DORM	B	0.03%
TPH	C	0.03%
HGV	B	0.03%
CBZ	B	0.03%
SOFI	B	0.03%
OMC	C	0.03%
IBOC	B	0.03%
CALM	B	0.03%
GMS	B	0.03%
PPC	C	0.03%
ABM	B	0.03%
ORA	B	0.03%
UMBF	B	0.03%
SANM	B	0.03%
GOLF	B	0.03%
QRVO	F	0.03%
FLO	C	0.03%
KD	B	0.03%
THC	D	0.03%
SITE	C	0.03%
ESE	B	0.03%
AA	A	0.03%
REYN	D	0.03%
GVA	B	0.03%
ENS	D	0.03%
PRIM	A	0.03%
AX	B	0.03%
MSM	C	0.03%
NJR	A	0.03%
KAI	B	0.03%
AVNT	B	0.03%
SIG	B	0.03%
HWC	B	0.03%
WSBC	B	0.02%
PRDO	B	0.02%
INSW	F	0.02%
EFSC	B	0.02%
HEES	B	0.02%
GBX	A	0.02%
RNST	B	0.02%
SRCE	B	0.02%
NTB	B	0.02%
BEN	C	0.02%
SEB	F	0.02%
VLY	B	0.02%
KALU	C	0.02%
CROX	F	0.02%
WOR	D	0.02%
CNMD	C	0.02%
APOG	B	0.02%
EME	B	0.02%
DAY	A	0.02%
OFG	B	0.02%
LZB	B	0.02%
TRMK	B	0.02%
CRK	B	0.02%
GPOR	B	0.02%
ROKU	D	0.02%
LGIH	C	0.02%
BHE	B	0.02%
CNXN	C	0.02%
OII	B	0.02%
EXAS	F	0.02%
KMPR	B	0.02%
MMSI	B	0.02%
AZZ	B	0.02%
VSH	F	0.02%
LIVN	F	0.02%
STRA	C	0.02%
BKU	B	0.02%
S	B	0.02%
FRME	B	0.02%
RUSHB	B	0.02%
KWR	D	0.02%
TTC	D	0.02%
BANF	B	0.02%
ZI	C	0.02%
ADTN	B	0.02%
DG	F	0.02%
TECH	C	0.02%
FBK	B	0.02%
BKE	B	0.02%
NNI	D	0.02%
HOG	F	0.02%
IESC	B	0.02%
YELP	C	0.02%
MTRN	C	0.02%
CDE	D	0.02%
ARCB	C	0.02%
TTMI	B	0.02%
CVBF	B	0.02%
ROCK	C	0.02%
JJSF	C	0.02%
PHIN	B	0.02%
KMT	B	0.02%
KTOS	B	0.02%
CPRI	F	0.02%
HNI	B	0.02%
CNXC	F	0.02%
WHD	A	0.02%
WTM	A	0.02%
FFBC	B	0.02%
TOWN	B	0.02%
UNH	B	0.02%
FIBK	B	0.02%
ALIT	C	0.02%
VCTR	B	0.02%
WERN	B	0.02%
PLUS	F	0.02%
BANR	B	0.02%
BIO	D	0.02%
FHB	B	0.02%
PSMT	C	0.02%
WHR	B	0.02%
ZG	B	0.02%
MIR	B	0.02%
IVZ	B	0.02%
LBRDA	C	0.02%
ONTO	F	0.02%
AIN	C	0.02%
AIR	B	0.02%
NMIH	C	0.02%
LAUR	B	0.02%
CCS	D	0.02%
PBH	B	0.02%
SFNC	B	0.02%
SNDR	B	0.02%
BFH	B	0.02%
ALG	C	0.02%
HURN	B	0.02%
ENVA	B	0.02%
BRBR	B	0.02%
RGEN	D	0.02%
SXI	A	0.02%
BRKR	F	0.02%
NBIX	C	0.02%
PATK	C	0.02%
ACM	A	0.02%
CWK	B	0.02%
MYRG	C	0.02%
LBRT	F	0.02%
RHI	C	0.02%
LCII	C	0.02%
JBT	B	0.02%
SLM	B	0.02%
FA	C	0.02%
WD	C	0.02%
MAN	D	0.02%
KBH	C	0.02%
STNG	F	0.02%
CXT	B	0.02%
DIOD	D	0.02%
ARCH	B	0.02%
WAFD	B	0.02%
OSIS	A	0.02%
NPO	A	0.02%
MGRC	B	0.02%
FSS	B	0.02%
RUSHA	B	0.02%
ACHC	F	0.02%
AZEK	B	0.02%
CBU	B	0.02%
HHH	B	0.02%
ICFI	F	0.02%
MTX	B	0.02%
SAIA	C	0.02%
AUB	B	0.02%
GNW	A	0.02%
CPA	D	0.02%
SHOO	D	0.02%
IOSP	B	0.02%
ASH	F	0.02%
ASO	F	0.02%
HAYW	B	0.02%
TDS	B	0.02%
JBSS	F	0.01%
CARG	C	0.01%
SPNT	B	0.01%
SPNS	F	0.01%
PFC	B	0.01%
CSV	A	0.01%
LC	B	0.01%
QCRH	B	0.01%
DSGR	C	0.01%
AOSL	C	0.01%
SPTN	F	0.01%
SWBI	C	0.01%
BV	B	0.01%
TALO	C	0.01%
NTCT	B	0.01%
COHU	C	0.01%
IMAX	B	0.01%
REX	F	0.01%
POWL	C	0.01%
CRAI	B	0.01%
TBBK	B	0.01%
UNFI	A	0.01%
CENT	C	0.01%
BOH	B	0.01%
ETD	C	0.01%
IAS	C	0.01%
BJRI	B	0.01%
BHLB	B	0.01%
JBLU	F	0.01%
PBF	D	0.01%
EZPW	B	0.01%
TFSL	B	0.01%
UTI	A	0.01%
YETI	C	0.01%
TRS	B	0.01%
ATEN	B	0.01%
CLF	F	0.01%
PEBO	B	0.01%
USPH	C	0.01%
INFA	D	0.01%
UHAL	D	0.01%
GRC	B	0.01%
SMP	C	0.01%
UVSP	B	0.01%
ROAD	B	0.01%
PUMP	C	0.01%
FHI	A	0.01%
TIPT	B	0.01%
ASTE	C	0.01%
SAM	C	0.01%
NATL	C	0.01%
NEU	C	0.01%
MLR	B	0.01%
KAR	B	0.01%
MMI	B	0.01%
WS	B	0.01%
ECPG	B	0.01%
THR	B	0.01%
HTH	B	0.01%
DCO	B	0.01%
SGRY	F	0.01%
CMCO	C	0.01%
HSII	B	0.01%
CNM	D	0.01%
SXC	B	0.01%
KSS	F	0.01%
ACT	C	0.01%
NIC	B	0.01%
BXC	B	0.01%
SNEX	A	0.01%
IMKTA	C	0.01%
INDB	B	0.01%
MRC	B	0.01%
SASR	B	0.01%
CAL	D	0.01%
GES	F	0.01%
ANIP	D	0.01%
NX	C	0.01%
OXM	D	0.01%
RES	D	0.01%
COTY	F	0.01%
GIII	C	0.01%
IBTX	B	0.01%
PRGO	C	0.01%
SCVL	F	0.01%
LPG	F	0.01%
COLB	B	0.01%
CNOB	B	0.01%
VBTX	A	0.01%
PDCO	D	0.01%
HMN	B	0.01%
DXPE	A	0.01%
CTBI	B	0.01%
PFBC	B	0.01%
ALKS	B	0.01%
CRGY	B	0.01%
INVA	D	0.01%
SCSC	B	0.01%
VTLE	C	0.01%
ODP	F	0.01%
SBCF	B	0.01%
OI	C	0.01%
SWI	B	0.01%
SCS	B	0.01%
DK	C	0.01%
FTRE	C	0.01%
NVEE	F	0.01%
STBA	B	0.01%
KN	B	0.01%
DNUT	F	0.01%
CARS	B	0.01%
AZTA	D	0.01%
EIG	B	0.01%
BHF	B	0.01%
PLYA	B	0.01%
PFS	B	0.01%
DV	C	0.01%
TFIN	A	0.01%
HOPE	B	0.01%
LTH	C	0.01%
SFL	F	0.01%
CRI	F	0.01%
SUPN	C	0.01%
LOB	B	0.01%
TCBK	B	0.01%
FDP	C	0.01%
VYX	C	0.01%
DGII	B	0.01%
VAC	B	0.01%
THRM	D	0.01%
CPRX	C	0.01%
LNN	B	0.01%
SYBT	B	0.01%
MCY	B	0.01%
MBIN	F	0.01%
MTCH	F	0.01%
LILAK	F	0.01%
FOR	F	0.01%
UVV	B	0.01%
NMRK	B	0.01%
WTTR	B	0.01%
WABC	B	0.01%
LEVI	F	0.01%
BUSE	B	0.01%
LGND	B	0.01%
VECO	F	0.01%
DVAX	C	0.01%
VRNT	C	0.01%
WMK	B	0.01%
UA	C	0.01%
WLFC	B	0.01%
HL	F	0.01%
TNC	D	0.01%
VSTO	A	0.01%
PPBI	B	0.01%
AMWD	B	0.01%
KLIC	B	0.01%
NAVI	C	0.01%
SYNA	C	0.01%
CALX	F	0.01%
CENX	B	0.01%
PINC	B	0.01%
SAFT	B	0.01%
SAH	B	0.01%
UAA	C	0.01%
MRTN	C	0.01%
HWKN	A	0.01%
WKC	D	0.01%
COKE	C	0.01%
HLX	C	0.01%
MGNI	B	0.01%
VIAV	B	0.01%
NBHC	B	0.01%
UCTT	D	0.01%
CMRE	D	0.01%
DNOW	B	0.01%
VRTS	B	0.01%
PRK	B	0.01%
CHCO	B	0.01%
CBSH	B	0.01%
BMRN	F	0.01%
THS	F	0.01%
SPB	C	0.01%
GMED	A	0.01%
SCL	C	0.01%
ENOV	C	0.01%
MLKN	D	0.01%
ANDE	D	0.01%
UPBD	B	0.01%
ADUS	D	0.01%
NWBI	B	0.01%
JBL	C	0.01%
ILMN	C	0.01%
CHEF	B	0.01%
WGO	C	0.01%
USLM	B	0.01%
VSEC	C	0.01%
NHC	B	0.01%
DHT	F	0.01%
PLAB	C	0.01%
EPC	D	0.01%
CENTA	C	0.01%
GEF	B	0.01%
AGM	B	0.01%
FBNC	B	0.01%
TROX	F	0.01%
FL	D	0.01%
HELE	C	0.01%
TDW	F	0.01%
OSW	B	0.01%
HRMY	D	0.01%
ST	F	0.01%
HTLF	B	0.01%
CUBI	C	0.01%
CTS	B	0.01%
FCF	B	0.01%
CASH	B	0.01%
PRG	B	0.01%
LEN	C	0.01%
NBTB	B	0.01%
STC	A	0.01%
VIRT	B	0.01%
OLPX	C	0.0%
VMEO	B	0.0%
UVE	B	0.0%
CXM	C	0.0%
BH	B	0.0%
CLB	C	0.0%
AMRC	F	0.0%
FRST	B	0.0%
AMSF	B	0.0%
CPF	B	0.0%
UPWK	B	0.0%
ESCA	C	0.0%
METC	C	0.0%
STAA	F	0.0%
TR	B	0.0%
HCI	B	0.0%
GIC	F	0.0%
ORRF	C	0.0%
OLED	F	0.0%
GSIT	F	0.0%
EDR	A	0.0%
WT	B	0.0%
IDT	B	0.0%
FMBH	B	0.0%
PEBK	B	0.0%
RVSB	C	0.0%
RDI	F	0.0%
AESI	B	0.0%
EGY	F	0.0%
THRY	F	0.0%
CVR	C	0.0%
RMBS	C	0.0%
MBCN	C	0.0%
CIX	D	0.0%
MRBK	A	0.0%
ENLC	B	0.0%
CHMG	A	0.0%
MVBF	C	0.0%
WSC	D	0.0%
NATR	C	0.0%
SIF	D	0.0%
SSYS	C	0.0%
DKS	C	0.0%
DRVN	B	0.0%
SENEB	A	0.0%
SHEN	F	0.0%
BDL	F	0.0%
AWRE	F	0.0%
TMP	B	0.0%
BYD	B	0.0%
RXO	C	0.0%
MASI	A	0.0%
CLW	D	0.0%
IPAR	B	0.0%
ULBI	F	0.0%
ALCO	D	0.0%
OCC	F	0.0%
SBFG	B	0.0%
CPIX	F	0.0%
LANC	C	0.0%
AGM	B	0.0%
CNH	A	0.0%
WFRD	F	0.0%
MRK	F	0.0%
GEF	B	0.0%
GRNT	B	0.0%
ADV	C	0.0%
MEG	F	0.0%
SSTK	F	0.0%
HBCP	B	0.0%
NGVC	A	0.0%
SONO	C	0.0%
CIVI	D	0.0%
PRA	B	0.0%
RIVN	D	0.0%
ICUI	D	0.0%
FBMS	B	0.0%
CAKE	B	0.0%
BSET	B	0.0%
ACU	C	0.0%
FRD	D	0.0%
FUNC	A	0.0%
VC	D	0.0%
BGS	F	0.0%
BBY	D	0.0%
NVR	D	0.0%
LITE	B	0.0%
CULP	D	0.0%
FBIZ	B	0.0%
ESP	C	0.0%
CDRE	D	0.0%
TASK	C	0.0%
AMRX	C	0.0%
PLPC	B	0.0%
CLBK	B	0.0%
THFF	B	0.0%
CPHC	C	0.0%
VLGEA	B	0.0%
SSP	F	0.0%
KOP	C	0.0%
HTLD	C	0.0%
CSPI	C	0.0%
VSTS	C	0.0%
VNT	C	0.0%
CERT	D	0.0%
VAL	F	0.0%
PROV	B	0.0%
RCUS	F	0.0%
EGBN	B	0.0%
KEQU	C	0.0%
EVBN	B	0.0%
ETWO	F	0.0%
STRS	C	0.0%
LARK	B	0.0%
TWIN	F	0.0%
ASTH	F	0.0%
CTRN	D	0.0%
UBFO	B	0.0%
SMHI	F	0.0%
NTIC	C	0.0%
VICR	B	0.0%
RCMT	C	0.0%
ZIMV	F	0.0%
ATLC	B	0.0%
NC	C	0.0%
RELL	B	0.0%
LCUT	F	0.0%
ALOT	C	0.0%
ASRV	C	0.0%
KTCC	D	0.0%
ALRS	D	0.0%
AMBC	C	0.0%
NPK	B	0.0%
BRY	F	0.0%
BHB	B	0.0%
FEIM	B	0.0%
GSBC	B	0.0%
SGA	F	0.0%
MODG	F	0.0%
GSM	D	0.0%
EPM	C	0.0%
PUBM	C	0.0%
MPAA	C	0.0%
JELD	F	0.0%
ANIK	F	0.0%
EQBK	B	0.0%
AHCO	D	0.0%
SRI	F	0.0%
LOPE	B	0.0%
FLXS	B	0.0%
TWI	D	0.0%
WNEB	B	0.0%
RDUS	C	0.0%
MXL	C	0.0%
TSBK	B	0.0%
OBK	B	0.0%
AMN	F	0.0%
GDRX	F	0.0%
FMC	D	0.0%
IGT	F	0.0%
MERC	F	0.0%
PPIH	B	0.0%
PKE	B	0.0%
LMNR	C	0.0%
GDEN	C	0.0%
OEC	C	0.0%
RGP	F	0.0%
HCSG	B	0.0%
SKWD	B	0.0%
ULH	B	0.0%
LAKE	C	0.0%
SPOK	B	0.0%
USM	B	0.0%
CMT	C	0.0%
FLWS	D	0.0%
HURC	C	0.0%
CZWI	A	0.0%
GTN	F	0.0%
MOS	F	0.0%
ARKO	C	0.0%
CLVT	F	0.0%
BANC	B	0.0%
UNTY	B	0.0%
TCMD	B	0.0%
JOUT	D	0.0%
RCKY	F	0.0%
ESSA	B	0.0%
UTZ	D	0.0%
PRLB	B	0.0%
TRIP	F	0.0%
EPAC	B	0.0%
CIFR	C	0.0%
MNRO	C	0.0%
JBI	F	0.0%
ARCT	F	0.0%
GCO	B	0.0%
TTEC	D	0.0%
OPY	B	0.0%
OCFC	B	0.0%
MRCY	B	0.0%
LOVE	B	0.0%
HOFT	C	0.0%
NAT	F	0.0%
DBRG	F	0.0%
UFI	F	0.0%
VIRC	B	0.0%
LXU	C	0.0%
DGICA	A	0.0%
AMAL	B	0.0%
HBB	F	0.0%
VREX	C	0.0%
CTOS	C	0.0%
CVGW	C	0.0%
CGNX	C	0.0%
GTLS	B	0.0%
AE	B	0.0%
STRT	B	0.0%
BFIN	B	0.0%
ZUMZ	C	0.0%
BZH	B	0.0%
MEI	D	0.0%
RAMP	C	0.0%
INBK	B	0.0%
PRM	C	0.0%
MBWM	B	0.0%
ASC	F	0.0%
GPRE	F	0.0%
NAPA	B	0.0%
PCVX	D	0.0%
BBSI	A	0.0%
NEOG	C	0.0%
EBC	B	0.0%
AORT	B	0.0%
HAIN	C	0.0%
DOLE	D	0.0%
EML	F	0.0%
HSTM	B	0.0%
ALGN	D	0.0%
CECO	B	0.0%
CVI	F	0.0%
MCRI	A	0.0%
GT	C	0.0%
PLAY	D	0.0%
CPSS	C	0.0%
SEG	B	0.0%
GRBK	D	0.0%
SHYF	C	0.0%
FIGS	F	0.0%
ATSG	B	0.0%
NGS	B	0.0%
MGPI	F	0.0%
SGC	C	0.0%
MYE	F	0.0%
USAP	B	0.0%
GENC	B	0.0%
NWPX	B	0.0%
XPRO	F	0.0%
SBSI	B	0.0%
HI	C	0.0%
TTI	C	0.0%
PII	F	0.0%
VPG	F	0.0%
ITIC	B	0.0%
RLGT	B	0.0%
NBR	C	0.0%
RYAM	C	0.0%
IPGP	D	0.0%
MITK	C	0.0%
DAKT	B	0.0%
LYTS	B	0.0%
FG	B	0.0%
TILE	A	0.0%
DAN	F	0.0%
AMED	F	0.0%
MOV	C	0.0%
COLL	F	0.0%
ACLS	F	0.0%
TITN	C	0.0%
XRX	F	0.0%
BELFA	D	0.0%
CFFN	B	0.0%
REVG	B	0.0%
MCW	C	0.0%
MATW	C	0.0%
CCRN	F	0.0%
ODC	C	0.0%
HLIT	F	0.0%
STRL	B	0.0%
MLNK	C	0.0%
GNK	D	0.0%
PLOW	D	0.0%
ATKR	C	0.0%
B	A	0.0%
PRGS	A	0.0%
CSGS	B	0.0%
VTOL	B	0.0%
PARR	D	0.0%
MOFG	B	0.0%
HZO	C	0.0%
MATV	F	0.0%
HCC	B	0.0%
AMPH	F	0.0%
WSBF	B	0.0%
ZEUS	C	0.0%
SHBI	B	0.0%
RPAY	C	0.0%
FISI	B	0.0%
HLIO	B	0.0%
ROG	D	0.0%
FORM	F	0.0%
HVT	F	0.0%
NGVT	B	0.0%
PTVE	C	0.0%
GO	C	0.0%
SBH	B	0.0%
AVNS	F	0.0%
HOV	C	0.0%
SENEA	B	0.0%
ZD	C	0.0%
KE	C	0.0%
ASIX	A	0.0%
MTUS	C	0.0%
RICK	C	0.0%
NRIM	B	0.0%
MCS	B	0.0%
OMI	F	0.0%
DCOM	B	0.0%
ICHR	C	0.0%
FWRG	C	0.0%
FFNW	C	0.0%
VSCO	B	0.0%
DLX	B	0.0%
HBI	B	0.0%
ALGT	B	0.0%
AMRK	F	0.0%
DFH	C	0.0%
IIIN	C	0.0%
NFBK	B	0.0%
MSGE	D	0.0%
BBW	B	0.0%
NR	B	0.0%
WNC	C	0.0%
BKD	F	0.0%
HY	F	0.0%
SLAB	D	0.0%
GABC	B	0.0%
CCBG	B	0.0%
AXL	C	0.0%
GLDD	B	0.0%
NABL	F	0.0%
ADNT	F	0.0%
RYI	C	0.0%
WRLD	C	0.0%
BY	B	0.0%
BRKL	B	0.0%
EBF	F	0.0%
VVV	F	0.0%
SCHL	D	0.0%
BELFB	C	0.0%

DFUV Underweight 37 Positions Relative to DFND

Symbol	Grade	Weight
V	A	-2.68%
CTAS	B	-2.6%
VRSK	A	-2.44%
KLAC	F	-2.42%
PG	A	-2.27%
GWW	A	-2.25%
SHW	A	-2.25%
FDS	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
LMT	D	-2.05%
MSI	C	-1.86%
MCO	A	-1.85%
MA	B	-1.75%
ITW	A	-1.71%
ROK	B	-1.65%
AMAT	F	-1.59%
AON	A	-1.52%
ALLE	D	-1.51%
HON	B	-1.45%
HSY	F	-1.36%
MSCI	C	-1.33%
MPWR	F	-1.31%
HUBB	B	-1.27%
CBOE	B	-1.26%
MMC	A	-1.21%
COST	B	-1.2%
FAST	B	-1.13%
MSFT	D	-1.0%
AAPL	B	-0.95%
ODFL	B	-0.88%
AVGO	D	-0.86%
INTU	C	-0.78%
BR	A	-0.75%
ACN	B	-0.34%
CNP	A	--2.56%
D	C	--2.96%