QVMS vs. IJS ETF Comparison

Comparison of Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) to iShares S&P SmallCap 600 Value ETF (IJS)

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

$28.42

Average Daily Volume

502

Number of Holdings ^*

523

* may have additional holdings in another (foreign) market

IJS

iShares S&P SmallCap 600 Value ETF

IJS Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P SmallCap 600® Value Index (the "underlying index"), which measures the performance of the small-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$111.50

Average Daily Volume

234,637

Number of Holdings ^*

459

* may have additional holdings in another (foreign) market

Performance

Period	QVMS	IJS
30 Days	2.78%	2.35%
60 Days	4.52%	4.45%
90 Days	7.12%	7.69%
12 Months	27.75%	24.72%

397 Overlapping Holdings

	Symbol	Grade	Weight in QVMS	Weight in IJS	Overlap
	AAP	D	0.22%	0.31%	0.22%
	AAT	A	0.1%	0.18%	0.1%
	ABCB	B	0.36%	0.63%	0.36%
	ABG	B	0.46%	0.37%	0.37%
	ABM	B	0.31%	0.48%	0.31%
	ABR	B	0.22%	0.38%	0.22%
	ACA	A	0.41%	0.28%	0.28%
	ACIW	B	0.47%	0.29%	0.29%
	ADUS	D	0.17%	0.17%	0.17%
	AEIS	B	0.35%	0.22%	0.22%
	AGO	A	0.37%	0.25%	0.25%
	AHCO	D	0.06%	0.14%	0.06%
	AHH	D	0.06%	0.06%	0.06%
	AIN	C	0.21%	0.18%	0.18%
	AIR	B	0.17%	0.09%	0.09%
	AKR	A	0.19%	0.36%	0.19%
	AL	B	0.42%	0.55%	0.42%
	ALEX	B	0.1%	0.19%	0.1%
	ALGT	C	0.08%	0.16%	0.08%
	ALK	A	0.46%	0.95%	0.46%
	ALKS	C	0.39%	0.23%	0.23%
	AMN	F	0.09%	0.06%	0.06%
	AMSF	B	0.09%	0.09%	0.09%
	AMWD	C	0.13%	0.09%	0.09%
	ANDE	F	0.13%	0.1%	0.1%
	AORT	B	0.09%	0.06%	0.06%
	AOSL	C	0.06%	0.09%	0.06%
	APAM	B	0.26%	0.2%	0.2%
	APOG	B	0.15%	0.14%	0.14%
	ARCH	B	0.25%	0.13%	0.13%
	ARI	C	0.09%	0.06%	0.06%
	ASIX	C	0.06%	0.11%	0.06%
	ASO	F	0.28%	0.48%	0.28%
	ASTE	C	0.07%	0.12%	0.07%
	ATEN	A	0.09%	0.09%	0.09%
	AUB	B	0.31%	0.53%	0.31%
	AVA	C	0.23%	0.41%	0.23%
	AVNS	F	0.07%	0.12%	0.07%
	AWR	A	0.24%	0.21%	0.21%
	AX	B	0.35%	0.22%	0.22%
	AXL	C	0.06%	0.1%	0.06%
	B	A	0.21%	0.3%	0.21%
	BANF	B	0.14%	0.13%	0.13%
	BANR	B	0.2%	0.36%	0.2%
	BCPC	B	0.47%	0.35%	0.35%
	BDN	C	0.07%	0.12%	0.07%
	BFH	B	0.26%	0.0%	0.0%
	BFS	C	0.04%	0.03%	0.03%
	BGC	C	0.32%	0.2%	0.2%
	BGS	F	0.04%	0.07%	0.04%
	BHE	B	0.14%	0.24%	0.14%
	BHLB	B	0.1%	0.0%	0.0%
	BJRI	C	0.07%	0.12%	0.07%
	BKE	B	0.11%	0.08%	0.08%
	BKU	A	0.25%	0.43%	0.25%
	BL	C	0.24%	0.14%	0.14%
	BLFS	C	0.07%	0.04%	0.04%
	BLMN	F	0.1%	0.07%	0.07%
	BOH	B	0.24%	0.26%	0.24%
	BRC	C	0.26%	0.16%	0.16%
	BRKL	B	0.09%	0.15%	0.09%
	BTU	C	0.24%	0.26%	0.24%
	BXMT	C	0.24%	0.43%	0.24%
	CABO	C	0.16%	0.25%	0.16%
	CAKE	B	0.18%	0.17%	0.17%
	CAL	F	0.08%	0.15%	0.08%
	CALX	D	0.14%	0.12%	0.12%
	CATY	B	0.3%	0.0%	0.0%
	CBRL	C	0.09%	0.15%	0.09%
	CBU	B	0.3%	0.51%	0.3%
	CCS	F	0.2%	0.16%	0.16%
	CENTA	C	0.17%	0.23%	0.17%
	CENX	B	0.09%	0.16%	0.09%
	CERT	F	0.09%	0.06%	0.06%
	CEVA	B	0.05%	0.05%	0.05%
	CFFN	B	0.07%	0.11%	0.07%
	CHCO	B	0.15%	0.0%	0.0%
	CHEF	B	0.12%	0.2%	0.12%
	CLB	C	0.08%	0.07%	0.07%
	CMA	B	0.71%	1.27%	0.71%
	CNS	B	0.2%	0.19%	0.19%
	CNXN	D	0.06%	0.12%	0.06%
	COHU	D	0.1%	0.1%	0.1%
	COOP	B	0.51%	0.86%	0.51%
	CORT	C	0.38%	0.23%	0.23%
	CPF	B	0.07%	0.12%	0.07%
	CPK	A	0.21%	0.22%	0.21%
	CRK	A	0.1%	0.08%	0.08%
	CRSR	D	0.03%	0.04%	0.03%
	CSGS	B	0.13%	0.11%	0.11%
	CSR	A	0.08%	0.15%	0.08%
	CTKB	C	0.05%	0.09%	0.05%
	CTRE	C	0.32%	0.26%	0.26%
	CTS	C	0.14%	0.1%	0.1%
	CVBF	B	0.25%	0.41%	0.25%
	CVI	D	0.05%	0.04%	0.04%
	CWEN	C	0.24%	0.32%	0.24%
	CWEN	C	0.24%	0.12%	0.12%
	CWK	C	0.21%	0.38%	0.21%
	CWT	C	0.23%	0.25%	0.23%
	CXM	C	0.08%	0.13%	0.08%
	CXW	B	0.19%	0.33%	0.19%
	DAN	F	0.1%	0.15%	0.1%
	DCOM	A	0.09%	0.16%	0.09%
	DEA	D	0.1%	0.16%	0.1%
	DEI	B	0.23%	0.43%	0.23%
	DGII	B	0.1%	0.16%	0.1%
	DIOD	F	0.22%	0.13%	0.13%
	DLX	B	0.08%	0.14%	0.08%
	DNOW	B	0.13%	0.21%	0.13%
	DORM	B	0.3%	0.16%	0.16%
	DXC	D	0.29%	0.52%	0.29%
	DXPE	B	0.08%	0.12%	0.08%
	DY	C	0.39%	0.76%	0.39%
	EAT	A	0.4%	0.42%	0.4%
	EGBN	B	0.07%	0.12%	0.07%
	EIG	B	0.1%	0.19%	0.1%
	ELME	D	0.11%	0.2%	0.11%
	ENR	B	0.19%	0.17%	0.17%
	ENV	B	0.24%	0.0%	0.0%
	ENVA	B	0.24%	0.37%	0.24%
	EPAC	B	0.21%	0.12%	0.12%
	EPC	F	0.15%	0.24%	0.15%
	EPRT	A	0.43%	0.38%	0.38%
	ETD	D	0.05%	0.05%	0.05%
	EYE	C	0.07%	0.12%	0.07%
	EZPW	A	0.05%	0.09%	0.05%
	FBK	B	0.16%	0.27%	0.16%
	FBNC	B	0.15%	0.26%	0.15%
	FBRT	C	0.08%	0.15%	0.08%
	FCF	B	0.15%	0.14%	0.14%
	FCPT	C	0.18%	0.2%	0.18%
	FDP	B	0.09%	0.16%	0.09%
	FFBC	B	0.22%	0.39%	0.22%
	FHB	B	0.28%	0.48%	0.28%
	FIZZ	C	0.09%	0.07%	0.07%
	FL	F	0.19%	0.27%	0.19%
	FLGT	F	0.03%	0.05%	0.03%
	FTRE	D	0.15%	0.24%	0.15%
	FUL	F	0.34%	0.29%	0.29%
	FULT	B	0.32%	0.54%	0.32%
	GBX	B	0.17%	0.28%	0.17%
	GDEN	B	0.06%	0.04%	0.04%
	GDOT	D	0.04%	0.0%	0.0%
	GEO	A	0.29%	0.5%	0.29%
	GFF	B	0.23%	0.13%	0.13%
	GIII	D	0.08%	0.17%	0.08%
	GNL	D	0.11%	0.2%	0.11%
	GNW	A	0.26%	0.44%	0.26%
	GO	C	0.16%	0.24%	0.16%
	GOGO	C	0.04%	0.03%	0.03%
	GPRE	F	0.06%	0.1%	0.06%
	GTES	A	0.35%	0.0%	0.0%
	GTY	A	0.12%	0.12%	0.12%
	GVA	A	0.33%	0.28%	0.28%
	HAFC	B	0.06%	0.11%	0.06%
	HAIN	D	0.05%	0.09%	0.05%
	HASI	F	0.23%	0.44%	0.23%
	HAYN	A	0.06%	0.05%	0.05%
	HAYW	B	0.16%	0.32%	0.16%
	HBI	B	0.21%	0.4%	0.21%
	HCSG	C	0.07%	0.12%	0.07%
	HFWA	B	0.07%	0.13%	0.07%
	HI	C	0.22%	0.32%	0.22%
	HIW	D	0.26%	0.47%	0.26%
	HLIT	D	0.11%	0.09%	0.09%
	HMN	B	0.14%	0.24%	0.14%
	HNI	B	0.21%	0.14%	0.14%
	HOPE	B	0.13%	0.23%	0.13%
	HP	C	0.27%	0.21%	0.21%
	HPP	F	0.04%	0.07%	0.04%
	HRMY	F	0.08%	0.1%	0.08%
	HSII	B	0.07%	0.13%	0.07%
	HSTM	A	0.06%	0.05%	0.05%
	HTH	B	0.12%	0.2%	0.12%
	HTLD	B	0.04%	0.03%	0.03%
	HTZ	C	0.05%	0.07%	0.05%
	HUBG	A	0.25%	0.43%	0.25%
	HZO	F	0.05%	0.08%	0.05%
	IAC	D	0.26%	0.28%	0.26%
	IART	C	0.14%	0.21%	0.14%
	IBTX	B	0.18%	0.32%	0.18%
	ICHR	C	0.09%	0.14%	0.09%
	ICUI	D	0.26%	0.57%	0.26%
	IIIN	D	0.05%	0.03%	0.03%
	IIPR	F	0.22%	0.18%	0.18%
	INDB	B	0.25%	0.43%	0.25%
	INN	D	0.05%	0.05%	0.05%
	INVA	C	0.08%	0.07%	0.07%
	IOSP	C	0.25%	0.15%	0.15%
	ITRI	B	0.42%	0.37%	0.37%
	JBGS	F	0.1%	0.18%	0.1%
	JBLU	F	0.17%	0.29%	0.17%
	JBSS	F	0.06%	0.05%	0.05%
	JBT	A	0.3%	0.21%	0.21%
	JXN	C	0.58%	0.0%	0.0%
	KALU	C	0.11%	0.18%	0.11%
	KAR	A	0.18%	0.3%	0.18%
	KELYA	F	0.04%	0.06%	0.04%
	KFY	B	0.32%	0.23%	0.23%
	KLG	D	0.08%	0.16%	0.08%
	KLIC	C	0.21%	0.13%	0.13%
	KMT	C	0.18%	0.31%	0.18%
	KN	B	0.14%	0.13%	0.13%
	KOP	C	0.07%	0.05%	0.05%
	KREF	D	0.05%	0.09%	0.05%
	KRYS	C	0.33%	0.2%	0.2%
	KSS	F	0.16%	0.28%	0.16%
	KWR	D	0.19%	0.15%	0.15%
	LCII	D	0.23%	0.15%	0.15%
	LGIH	F	0.17%	0.12%	0.12%
	LGND	C	0.15%	0.28%	0.15%
	LKFN	B	0.15%	0.14%	0.14%
	LNC	B	0.5%	0.84%	0.5%
	LNN	B	0.11%	0.1%	0.1%
	LTC	B	0.13%	0.13%	0.13%
	LXP	D	0.21%	0.38%	0.21%
	LZB	B	0.14%	0.12%	0.12%
	MAC	A	0.31%	0.58%	0.31%
	MATV	F	0.05%	0.09%	0.05%
	MATW	C	0.06%	0.04%	0.04%
	MC	B	0.43%	0.0%	0.0%
	MCW	C	0.06%	0.06%	0.06%
	MCY	B	0.17%	0.27%	0.17%
	MD	C	0.09%	0.17%	0.09%
	MGEE	A	0.29%	0.24%	0.24%
	MGPI	F	0.06%	0.04%	0.04%
	MLAB	F	0.04%	0.08%	0.04%
	MLKN	F	0.15%	0.23%	0.15%
	MMI	B	0.08%	0.08%	0.08%
	MMSI	A	0.44%	0.34%	0.34%
	MNRO	C	0.07%	0.12%	0.07%
	MODG	F	0.1%	0.17%	0.1%
	MPW	F	0.18%	0.36%	0.18%
	MRCY	C	0.17%	0.27%	0.17%
	MRTN	C	0.08%	0.07%	0.07%
	MSEX	B	0.09%	0.09%	0.09%
	MTUS	D	0.05%	0.03%	0.03%
	MTX	C	0.21%	0.18%	0.18%
	MYE	F	0.04%	0.03%	0.03%
	MYGN	F	0.12%	0.1%	0.1%
	NABL	F	0.06%	0.04%	0.04%
	NAVI	F	0.11%	0.16%	0.11%
	NBHC	B	0.15%	0.26%	0.15%
	NBR	D	0.06%	0.09%	0.06%
	NBTB	B	0.2%	0.33%	0.2%
	NHC	B	0.15%	0.11%	0.11%
	NMIH	D	0.24%	0.14%	0.14%
	NPK	C	0.03%	0.03%	0.03%
	NPO	A	0.28%	0.26%	0.26%
	NSIT	F	0.35%	0.21%	0.21%
	NTCT	C	0.14%	0.22%	0.14%
	NVEE	F	0.09%	0.16%	0.09%
	NVRI	F	0.05%	0.08%	0.05%
	NWBI	B	0.15%	0.0%	0.0%
	NWL	B	0.25%	0.51%	0.25%
	NWN	A	0.12%	0.22%	0.12%
	NX	C	0.11%	0.06%	0.06%
	NXRT	A	0.08%	0.14%	0.08%
	ODP	F	0.07%	0.12%	0.07%
	OGN	F	0.33%	0.54%	0.33%
	OI	D	0.16%	0.28%	0.16%
	OMI	F	0.07%	0.13%	0.07%
	PAHC	B	0.04%	0.07%	0.04%
	PAYO	A	0.21%	0.22%	0.21%
	PBH	A	0.33%	0.29%	0.29%
	PCRX	C	0.07%	0.11%	0.07%
	PDCO	F	0.13%	0.22%	0.13%
	PEB	F	0.12%	0.2%	0.12%
	PECO	A	0.35%	0.33%	0.33%
	PENN	C	0.25%	0.43%	0.25%
	PFS	B	0.23%	0.0%	0.0%
	PHIN	B	0.19%	0.32%	0.19%
	PINC	B	0.19%	0.33%	0.19%
	PIPR	B	0.42%	0.38%	0.38%
	PJT	B	0.28%	0.22%	0.22%
	PLAB	D	0.14%	0.06%	0.06%
	PLUS	F	0.18%	0.11%	0.11%
	PLXS	B	0.33%	0.33%	0.33%
	PMT	D	0.09%	0.16%	0.09%
	PPBI	B	0.22%	0.37%	0.22%
	PRA	B	0.07%	0.12%	0.07%
	PRAA	C	0.08%	0.13%	0.08%
	PRDO	B	0.14%	0.0%	0.0%
	PRK	B	0.23%	0.23%	0.23%
	PRLB	C	0.08%	0.05%	0.05%
	PSMT	D	0.18%	0.3%	0.18%
	PTEN	C	0.23%	0.18%	0.18%
	PTGX	D	0.17%	0.1%	0.1%
	PUMP	D	0.05%	0.08%	0.05%
	QNST	C	0.08%	0.16%	0.08%
	RC	D	0.09%	0.16%	0.09%
	RCUS	F	0.06%	0.07%	0.06%
	RDN	D	0.42%	0.33%	0.33%
	REZI	A	0.31%	0.53%	0.31%
	RGNX	D	0.04%	0.03%	0.03%
	RGR	F	0.05%	0.09%	0.05%
	RHI	C	0.59%	1.04%	0.59%
	RNST	B	0.19%	0.33%	0.19%
	ROG	D	0.14%	0.08%	0.08%
	ROIC	A	0.17%	0.31%	0.17%
	RUSHA	B	0.32%	0.29%	0.29%
	RXO	C	0.27%	0.28%	0.27%
	SAFT	B	0.1%	0.18%	0.1%
	SAH	B	0.08%	0.13%	0.08%
	SANM	B	0.34%	0.58%	0.34%
	SATS	C	0.17%	0.38%	0.17%
	SBCF	B	0.2%	0.35%	0.2%
	SBH	B	0.11%	0.19%	0.11%
	SBSI	B	0.08%	0.09%	0.08%
	SCHL	F	0.05%	0.09%	0.05%
	SCL	D	0.13%	0.22%	0.13%
	SCSC	B	0.11%	0.15%	0.11%
	SCVL	F	0.05%	0.09%	0.05%
	SEE	D	0.42%	0.0%	0.0%
	SEM	B	0.32%	0.55%	0.32%
	SFBS	B	0.38%	0.35%	0.35%
	SFNC	B	0.25%	0.43%	0.25%
	SITM	B	0.28%	0.21%	0.21%
	SJW	F	0.12%	0.13%	0.12%
	SKYW	B	0.35%	0.29%	0.29%
	SLG	B	0.37%	0.68%	0.37%
	SLP	F	0.04%	0.03%	0.03%
	SLVM	C	0.24%	0.4%	0.24%
	SMP	C	0.05%	0.09%	0.05%
	SMPL	B	0.24%	0.17%	0.17%
	SNCY	C	0.04%	0.04%	0.04%
	SNDR	B	0.09%	0.2%	0.09%
	SNEX	B	0.21%	0.38%	0.21%
	SONO	C	0.14%	0.22%	0.14%
	SPTN	F	0.05%	0.09%	0.05%
	SSTK	F	0.06%	0.05%	0.05%
	STAA	F	0.11%	0.07%	0.07%
	STBA	B	0.13%	0.0%	0.0%
	STC	B	0.16%	0.29%	0.16%
	STEP	B	0.27%	0.4%	0.27%
	STRA	C	0.17%	0.19%	0.17%
	SUPN	B	0.17%	0.16%	0.16%
	SVC	F	0.04%	0.06%	0.04%
	SWI	B	0.05%	0.06%	0.05%
	SXC	A	0.09%	0.14%	0.09%
	SXT	C	0.26%	0.26%	0.26%
	TALO	C	0.15%	0.19%	0.15%
	TDS	B	0.24%	0.21%	0.21%
	THRM	F	0.12%	0.1%	0.1%
	THRY	F	0.03%	0.07%	0.03%
	THS	F	0.12%	0.21%	0.12%
	TILE	B	0.12%	0.2%	0.12%
	TMP	B	0.08%	0.13%	0.08%
	TPH	D	0.32%	0.21%	0.21%
	TR	B	0.04%	0.03%	0.03%
	TRMK	B	0.19%	0.33%	0.19%
	TRN	A	0.25%	0.21%	0.21%
	TRST	B	0.06%	0.1%	0.06%
	TRUP	B	0.15%	0.13%	0.13%
	TTMI	B	0.2%	0.33%	0.2%
	TWI	F	0.03%	0.05%	0.03%
	UCB	A	0.31%	0.54%	0.31%
	UCTT	F	0.13%	0.21%	0.13%
	UE	A	0.21%	0.16%	0.16%
	UFCS	A	0.04%	0.08%	0.04%
	UHT	D	0.04%	0.04%	0.04%
	UNF	B	0.23%	0.24%	0.23%
	UNFI	B	0.1%	0.18%	0.1%
	UPBD	C	0.12%	0.09%	0.09%
	USNA	C	0.04%	0.06%	0.04%
	USPH	C	0.11%	0.09%	0.09%
	UTL	C	0.07%	0.07%	0.07%
	UVV	B	0.1%	0.19%	0.1%
	VBTX	B	0.13%	0.22%	0.13%
	VFC	C	0.53%	0.93%	0.53%
	VIAV	C	0.18%	0.3%	0.18%
	VICR	C	0.1%	0.08%	0.08%
	VIRT	A	0.23%	0.4%	0.23%
	VRTS	B	0.13%	0.08%	0.08%
	VSAT	F	0.05%	0.09%	0.05%
	VSCO	A	0.24%	0.4%	0.24%
	VSTO	A	0.2%	0.36%	0.2%
	VSTS	F	0.14%	0.1%	0.1%
	VTLE	C	0.08%	0.06%	0.06%
	VTOL	B	0.08%	0.12%	0.08%
	WABC	B	0.12%	0.08%	0.08%
	WAFD	B	0.2%	0.42%	0.2%
	WD	D	0.29%	0.27%	0.27%
	WERN	B	0.2%	0.34%	0.2%
	WGO	D	0.15%	0.11%	0.11%
	WHD	B	0.36%	0.23%	0.23%
	WKC	D	0.13%	0.23%	0.13%
	WNC	D	0.07%	0.12%	0.07%
	WOR	F	0.1%	0.05%	0.05%
	WS	B	0.11%	0.06%	0.06%
	WSFS	B	0.29%	0.26%	0.26%
	WSR	A	0.05%	0.04%	0.04%
	WWW	A	0.14%	0.24%	0.14%
	XHR	B	0.13%	0.09%	0.09%
	XNCR	B	0.09%	0.1%	0.09%
	XRX	F	0.08%	0.13%	0.08%

QVMS Overweight 127 Positions Relative to IJS

	Symbol	Grade	Weight
	MLI	B	0.84%
	CRS	A	0.69%
	GKOS	A	0.56%
	ATI	C	0.55%
	SPSC	F	0.54%
	AWI	B	0.53%
	MTH	D	0.51%
	MOG.A	B	0.5%
	BMI	C	0.5%
	AVAV	C	0.48%
	BCC	C	0.47%
	FSS	B	0.47%
	GPI	B	0.46%
	MATX	B	0.46%
	SM	C	0.45%
	MARA	C	0.45%
	RDNT	B	0.43%
	MGY	A	0.41%
	IBP	F	0.4%
	ITGR	B	0.36%
	IDCC	B	0.36%
	FELE	B	0.35%
	SHAK	C	0.35%
	SIG	C	0.35%
	KTB	A	0.35%
	MHO	D	0.34%
	FTDR	B	0.33%
	NOG	B	0.33%
	LRN	A	0.32%
	CRC	A	0.31%
	HCC	B	0.31%
	GMS	B	0.31%
	VRRM	F	0.3%
	WDFC	B	0.3%
	SKT	A	0.29%
	CALM	A	0.29%
	BOOT	D	0.28%
	CEIX	A	0.28%
	CVCO	A	0.28%
	ESE	B	0.28%
	AROC	A	0.28%
	OTTR	C	0.28%
	FBP	B	0.28%
	AEO	F	0.27%
	APLE	B	0.27%
	AMR	C	0.26%
	ATGE	B	0.26%
	FORM	F	0.26%
	TDW	F	0.25%
	CCOI	B	0.25%
	CNK	A	0.25%
	ALRM	C	0.25%
	CRVL	A	0.25%
	OII	B	0.25%
	SHOO	D	0.24%
	GSHD	B	0.24%
	TBBK	B	0.24%
	VCEL	A	0.23%
	LBRT	F	0.22%
	POWL	C	0.22%
	PRGS	B	0.22%
	CARG	B	0.22%
	JJSF	C	0.21%
	MTRN	C	0.21%
	MYRG	C	0.21%
	PATK	D	0.21%
	ACLS	F	0.21%
	AZZ	A	0.21%
	PLMR	A	0.21%
	ARCB	C	0.21%
	SXI	B	0.2%
	IPAR	C	0.2%
	HWKN	B	0.2%
	AGYS	A	0.2%
	PRVA	C	0.19%
	UFPT	C	0.19%
	CPRX	C	0.19%
	OSIS	A	0.19%
	YELP	C	0.19%
	TFIN	B	0.18%
	CNMD	C	0.17%
	PRG	C	0.17%
	OFG	B	0.17%
	ROCK	D	0.17%
	EVTC	B	0.17%
	URBN	C	0.17%
	NEO	C	0.16%
	LMAT	A	0.16%
	ALG	C	0.16%
	CASH	B	0.16%
	SHO	D	0.16%
	RAMP	C	0.15%
	DRH	B	0.15%
	HLX	C	0.14%
	VECO	F	0.14%
	TNC	F	0.14%
	JOE	F	0.14%
	GRBK	D	0.14%
	CUBI	C	0.13%
	TRIP	F	0.13%
	ASTH	F	0.13%
	DFIN	D	0.12%
	SPNT	A	0.11%
	WT	A	0.1%
	PARR	F	0.09%
	ARLO	C	0.09%
	OXM	F	0.09%
	CARS	C	0.09%
	PFBC	B	0.09%
	PLAY	D	0.09%
	VVI	B	0.08%
	EFC	C	0.08%
	COLL	F	0.08%
	ANIP	D	0.08%
	LPG	F	0.08%
	MCRI	A	0.08%
	RWT	D	0.07%
	XPEL	C	0.07%
	EXPI	C	0.07%
	REX	D	0.06%
	HCI	C	0.06%
	SHEN	F	0.05%
	GES	F	0.04%
	LQDT	A	0.04%
	RES	F	0.04%
	AMBC	C	0.04%
	WRLD	D	0.03%

QVMS Underweight 62 Positions Relative to IJS

	Symbol	Grade	Weight
	LUMN	C	-1.21%
	BBWI	C	-0.98%
	MDU	D	-0.52%
	HIMS	C	-0.51%
	ZWS	B	-0.45%
	ETSY	D	-0.44%
	TGNA	B	-0.41%
	ECG	C	-0.4%
	ZD	B	-0.34%
	RUN	F	-0.31%
	BANC	B	-0.31%
	NATL	B	-0.3%
	MBC	F	-0.3%
	QDEL	F	-0.29%
	OMCL	C	-0.29%
	CRGY	A	-0.29%
	WLY	B	-0.29%
	VYX	C	-0.28%
	BOX	B	-0.26%
	SMTC	C	-0.25%
	ADNT	F	-0.24%
	NGVT	C	-0.23%
	LEG	F	-0.22%
	HELE	C	-0.21%
	STEL	B	-0.2%
	OUT	A	-0.2%
	MP	C	-0.19%
	TGI	A	-0.19%
	KW	B	-0.18%
	INSP	F	-0.18%
	PI	D	-0.17%
	ECPG	C	-0.16%
	CURB	D	-0.16%
	NARI	C	-0.15%
	DOCN	D	-0.14%
	SAFE	F	-0.13%
	TNDM	F	-0.13%
	FOXF	F	-0.12%
	EMBC	D	-0.12%
	VRE	A	-0.12%
	ADEA	C	-0.11%
	YOU	D	-0.11%
	EXTR	C	-0.11%
	PZZA	F	-0.11%
	SABR	B	-0.1%
	VIR	F	-0.1%
	FWRD	D	-0.09%
	UNIT	B	-0.09%
	LESL	C	-0.08%
	INVX	C	-0.08%
	MXL	C	-0.06%
	WOLF	F	-0.06%
	SDGR	C	-0.06%
	BSIG	A	-0.05%
	CNSL	B	-0.05%
	CENT	C	-0.05%
	SEDG	F	-0.05%
	SITC	D	-0.05%
	IRWD	F	-0.04%
	ARR	D	-0.04%
	TTGT	B	-0.04%
	PBI	B	-0.0%

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

IJS: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology REIT - Retail Asset Management Packaged Foods Specialty Chemicals Auto Parts Communication Equipment REIT - Office Software - Infrastructure Specialty Retail Diversified Industrials Electronic Components Insurance - Property & Casualty Medical Devices Semiconductors Credit Services Information Technology Services Restaurants

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Real Estate Loans Medicine Computing Commercial Bank Mortgage Loan Investment Management Chemical Commercial Banking Transport Insurance Aerospace Clothing Loan Semiconductor Mining Natural Gas