SAA vs. CSF ETF Comparison

Comparison of ProShares Ultra SmallCap600 (SAA) to Compass EMP U.S. Discovery 500 Enhanced Volatility Weighted Fund (CSF)

SAA

ProShares Ultra SmallCap600

SAA Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.67

Average Daily Volume

9,207

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

CSF

Compass EMP U.S. Discovery 500 Enhanced Volatility Weighted Fund

CSF Description

The investment seeks investment results that match the performance of the CEMP U.S. Small Cap 500 Long/Cash Volatility Weighted Index before fees and expenses. The index was created by the fund's investment advisor and consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S., market capitalizations of less than $3 billion, and the stock of which trades on a U.S. exchange. It includes only companies with consistent positive earnings and is weighted based on the volatility of each stock. The fund invests at least 80% of its assets in securities of U.S. issuers included in the index.

Grade (RS Rating)

Last Trade

$57.24

Average Daily Volume

2,926

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	SAA	CSF
30 Days	3.84%	3.54%
60 Days	6.38%	5.51%
90 Days	11.01%	8.55%
12 Months	45.33%	21.04%

288 Overlapping Holdings

Symbol	Grade	Weight in SAA	Weight in CSF	Overlap
AAP	D	0.1%	0.12%	0.1%
ABCB	B	0.2%	0.22%	0.2%
ABG	B	0.24%	0.18%	0.18%
ABM	B	0.16%	0.19%	0.16%
ACA	A	0.23%	0.21%	0.21%
ACIW	B	0.27%	0.24%	0.24%
ACLS	F	0.12%	0.09%	0.09%
ADMA	C	0.25%	0.12%	0.12%
ADNT	F	0.08%	0.15%	0.08%
ADUS	D	0.1%	0.2%	0.1%
AEIS	B	0.2%	0.18%	0.18%
AEO	F	0.15%	0.14%	0.14%
AGO	A	0.2%	0.27%	0.2%
AGYS	A	0.12%	0.17%	0.12%
AIN	C	0.12%	0.19%	0.12%
AIR	B	0.1%	0.18%	0.1%
AL	B	0.22%	0.19%	0.19%
ALG	C	0.09%	0.23%	0.09%
ALK	A	0.29%	0.27%	0.27%
ALKS	C	0.21%	0.18%	0.18%
ALRM	C	0.14%	0.23%	0.14%
AMN	F	0.05%	0.06%	0.05%
AMPH	F	0.08%	0.15%	0.08%
AMR	C	0.12%	0.1%	0.1%
ANDE	F	0.07%	0.18%	0.07%
APAM	B	0.15%	0.23%	0.15%
ARCB	C	0.12%	0.15%	0.12%
AROC	A	0.17%	0.21%	0.17%
ASO	F	0.17%	0.15%	0.15%
ASTH	F	0.09%	0.14%	0.09%
ATGE	B	0.15%	0.17%	0.15%
ATI	C	0.33%	0.14%	0.14%
AUB	B	0.17%	0.21%	0.17%
AVA	C	0.13%	0.27%	0.13%
AVAV	C	0.29%	0.14%	0.14%
AWI	B	0.3%	0.29%	0.29%
AWR	A	0.15%	0.3%	0.15%
AX	B	0.2%	0.19%	0.19%
AZZ	A	0.11%	0.18%	0.11%
BANF	B	0.11%	0.24%	0.11%
BANR	B	0.11%	0.24%	0.11%
BCC	C	0.25%	0.16%	0.16%
BCPC	B	0.26%	0.26%	0.26%
BFH	B	0.13%	0.14%	0.13%
BGC	C	0.2%	0.19%	0.19%
BKE	B	0.06%	0.19%	0.06%
BKU	A	0.13%	0.17%	0.13%
BL	C	0.14%	0.19%	0.14%
BMI	C	0.3%	0.21%	0.21%
BOH	B	0.14%	0.23%	0.14%
BOOT	D	0.19%	0.14%	0.14%
BOX	B	0.22%	0.21%	0.21%
BRC	C	0.15%	0.28%	0.15%
BTU	C	0.16%	0.22%	0.16%
CABO	C	0.08%	0.16%	0.08%
CAKE	B	0.1%	0.21%	0.1%
CALM	A	0.17%	0.28%	0.17%
CALX	D	0.09%	0.12%	0.09%
CASH	B	0.09%	0.28%	0.09%
CATY	B	0.17%	0.23%	0.17%
CBU	B	0.16%	0.22%	0.16%
CCOI	B	0.16%	0.2%	0.16%
CCS	F	0.11%	0.13%	0.11%
CEIX	A	0.16%	0.19%	0.16%
CENTA	C	0.07%	0.19%	0.07%
CHCO	B	0.09%	0.28%	0.09%
CHEF	B	0.07%	0.17%	0.07%
CNK	A	0.15%	0.21%	0.15%
CNMD	C	0.1%	0.15%	0.1%
CNS	B	0.13%	0.2%	0.13%
CNXN	D	0.04%	0.22%	0.04%
COOP	B	0.29%	0.25%	0.25%
CORT	C	0.25%	0.17%	0.17%
CPK	A	0.13%	0.28%	0.13%
CPRX	C	0.12%	0.15%	0.12%
CRC	A	0.18%	0.17%	0.17%
CRGY	A	0.09%	0.18%	0.09%
CRS	A	0.4%	0.18%	0.18%
CRVL	A	0.15%	0.22%	0.15%
CSWI	A	0.32%	0.27%	0.27%
CVBF	B	0.13%	0.22%	0.13%
CVCO	A	0.18%	0.19%	0.18%
CVI	D	0.03%	0.13%	0.03%
CWEN	C	0.04%	0.18%	0.04%
CWEN	C	0.1%	0.18%	0.1%
CWT	C	0.14%	0.24%	0.14%
CXM	C	0.04%	0.15%	0.04%
DFIN	D	0.07%	0.21%	0.07%
DIOD	F	0.13%	0.12%	0.12%
DOCN	D	0.11%	0.12%	0.11%
DORM	B	0.17%	0.22%	0.17%
DXC	D	0.18%	0.15%	0.15%
DY	C	0.25%	0.2%	0.2%
EAT	A	0.23%	0.24%	0.23%
ENR	B	0.1%	0.26%	0.1%
ENVA	B	0.12%	0.23%	0.12%
EPAC	B	0.12%	0.33%	0.12%
EPC	F	0.08%	0.23%	0.08%
ESE	B	0.17%	0.26%	0.17%
EVTC	B	0.1%	0.21%	0.1%
FBK	B	0.09%	0.22%	0.09%
FBNC	B	0.08%	0.18%	0.08%
FBP	B	0.15%	0.23%	0.15%
FCF	B	0.08%	0.22%	0.08%
FELE	B	0.19%	0.27%	0.19%
FFBC	B	0.12%	0.24%	0.12%
FHB	B	0.16%	0.26%	0.16%
FIZZ	C	0.05%	0.2%	0.05%
FORM	F	0.15%	0.1%	0.1%
FOXF	F	0.06%	0.09%	0.06%
FSS	B	0.25%	0.21%	0.21%
FTDR	B	0.2%	0.23%	0.2%
FUL	F	0.19%	0.25%	0.19%
FULT	B	0.17%	0.22%	0.17%
GFF	B	0.13%	0.14%	0.13%
GMS	B	0.18%	0.23%	0.18%
GNW	A	0.14%	0.25%	0.14%
GO	C	0.08%	0.15%	0.08%
GPI	B	0.24%	0.21%	0.21%
GRBK	D	0.1%	0.15%	0.1%
GSHD	B	0.12%	0.15%	0.12%
GVA	A	0.19%	0.33%	0.19%
HAYW	B	0.1%	0.16%	0.1%
HCC	B	0.18%	0.15%	0.15%
HIMS	C	0.2%	0.14%	0.14%
HLIT	D	0.06%	0.1%	0.06%
HNI	B	0.12%	0.24%	0.12%
HP	C	0.16%	0.19%	0.16%
HRMY	F	0.06%	0.15%	0.06%
HTH	B	0.07%	0.22%	0.07%
HUBG	A	0.13%	0.23%	0.13%
HWKN	B	0.11%	0.15%	0.11%
IBP	F	0.22%	0.12%	0.12%
IDCC	B	0.21%	0.3%	0.21%
INDB	B	0.14%	0.2%	0.14%
IOSP	C	0.14%	0.24%	0.14%
IPAR	C	0.1%	0.17%	0.1%
ITGR	B	0.21%	0.22%	0.21%
ITRI	B	0.25%	0.17%	0.17%
JBT	A	0.17%	0.24%	0.17%
JJSF	C	0.12%	0.21%	0.12%
JOE	F	0.09%	0.18%	0.09%
JXN	C	0.37%	0.2%	0.2%
KAR	A	0.1%	0.28%	0.1%
KFY	B	0.19%	0.24%	0.19%
KMT	C	0.1%	0.26%	0.1%
KRYS	C	0.23%	0.09%	0.09%
KSS	F	0.09%	0.11%	0.09%
KTB	A	0.2%	0.22%	0.2%
KWR	D	0.11%	0.23%	0.11%
LBRT	F	0.13%	0.14%	0.13%
LCII	D	0.13%	0.15%	0.13%
LGIH	F	0.1%	0.12%	0.1%
LGND	C	0.1%	0.15%	0.1%
LKFN	B	0.08%	0.2%	0.08%
LMAT	A	0.1%	0.2%	0.1%
LNC	B	0.27%	0.19%	0.19%
LPG	F	0.04%	0.1%	0.04%
LRN	A	0.2%	0.26%	0.2%
LZB	B	0.08%	0.17%	0.08%
MARA	C	0.26%	0.08%	0.08%
MATX	B	0.25%	0.25%	0.25%
MC	B	0.24%	0.21%	0.21%
MCW	C	0.04%	0.19%	0.04%
MCY	B	0.09%	0.22%	0.09%
MDU	D	0.16%	0.22%	0.16%
MGEE	A	0.17%	0.23%	0.17%
MGPI	F	0.03%	0.09%	0.03%
MGY	A	0.23%	0.25%	0.23%
MHO	D	0.21%	0.15%	0.15%
MLI	B	0.48%	0.27%	0.27%
MLKN	F	0.08%	0.12%	0.08%
MMSI	A	0.27%	0.29%	0.27%
MODG	F	0.06%	0.13%	0.06%
MOG.A	B	0.29%	0.23%	0.23%
MSGS	B	0.17%	0.33%	0.17%
MTRN	C	0.11%	0.16%	0.11%
MTX	C	0.12%	0.25%	0.12%
MYRG	C	0.11%	0.19%	0.11%
NABL	F	0.04%	0.21%	0.04%
NAVI	F	0.05%	0.19%	0.05%
NBHC	B	0.08%	0.24%	0.08%
NBTB	B	0.1%	0.19%	0.1%
NHC	B	0.08%	0.22%	0.08%
NMIH	D	0.13%	0.25%	0.13%
NOG	B	0.18%	0.2%	0.18%
NPO	A	0.16%	0.18%	0.16%
NWBI	B	0.08%	0.24%	0.08%
OFG	B	0.09%	0.22%	0.09%
OGN	F	0.19%	0.1%	0.1%
OII	B	0.13%	0.16%	0.13%
OSIS	A	0.11%	0.21%	0.11%
OTTR	C	0.15%	0.2%	0.15%
PATK	D	0.13%	0.2%	0.13%
PAYO	A	0.12%	0.17%	0.12%
PBH	A	0.18%	0.27%	0.18%
PDCO	F	0.07%	0.17%	0.07%
PFS	B	0.12%	0.19%	0.12%
PGNY	F	0.06%	0.09%	0.06%
PHIN	B	0.1%	0.19%	0.1%
PI	D	0.21%	0.12%	0.12%
PINC	B	0.11%	0.29%	0.11%
PIPR	B	0.24%	0.26%	0.24%
PJT	B	0.17%	0.3%	0.17%
PLMR	A	0.12%	0.15%	0.12%
PLUS	F	0.12%	0.17%	0.12%
PLXS	B	0.2%	0.25%	0.2%
POWL	C	0.15%	0.13%	0.13%
PRG	C	0.09%	0.14%	0.09%
PRGS	B	0.13%	0.28%	0.13%
PRK	B	0.13%	0.22%	0.13%
PRVA	C	0.1%	0.15%	0.1%
PSMT	D	0.1%	0.25%	0.1%
PTEN	C	0.13%	0.14%	0.13%
PTGX	D	0.12%	0.12%	0.12%
RAMP	C	0.09%	0.16%	0.09%
RDN	D	0.23%	0.23%	0.23%
RDNT	B	0.21%	0.19%	0.19%
REZI	A	0.16%	0.18%	0.16%
RNST	B	0.11%	0.21%	0.11%
ROCK	D	0.1%	0.18%	0.1%
ROG	D	0.08%	0.18%	0.08%
RUSHA	B	0.18%	0.22%	0.18%
SAH	B	0.04%	0.16%	0.04%
SANM	B	0.21%	0.15%	0.15%
SBCF	B	0.11%	0.2%	0.11%
SCL	D	0.08%	0.22%	0.08%
SEE	D	0.23%	0.19%	0.19%
SEM	B	0.19%	0.18%	0.18%
SFBS	B	0.22%	0.18%	0.18%
SFNC	B	0.14%	0.21%	0.14%
SHAK	C	0.24%	0.15%	0.15%
SHOO	D	0.15%	0.23%	0.15%
SIG	C	0.2%	0.16%	0.16%
SJW	F	0.07%	0.24%	0.07%
SKYW	B	0.2%	0.25%	0.2%
SLVM	C	0.15%	0.16%	0.15%
SM	C	0.22%	0.16%	0.16%
SMPL	B	0.15%	0.25%	0.15%
SNDR	B	0.07%	0.27%	0.07%
SNEX	B	0.12%	0.27%	0.12%
SPNT	A	0.06%	0.21%	0.06%
STBA	B	0.07%	0.19%	0.07%
STC	B	0.09%	0.22%	0.09%
STEP	B	0.19%	0.21%	0.19%
STRA	C	0.11%	0.16%	0.11%
SUPN	B	0.09%	0.17%	0.09%
SWI	B	0.03%	0.18%	0.03%
SXI	B	0.11%	0.23%	0.11%
SXT	C	0.15%	0.25%	0.15%
TALO	C	0.07%	0.15%	0.07%
TBBK	B	0.12%	0.17%	0.12%
TDW	F	0.12%	0.08%	0.08%
TFIN	B	0.1%	0.18%	0.1%
TGNA	B	0.14%	0.28%	0.14%
TGTX	B	0.17%	0.11%	0.11%
TMDX	F	0.13%	0.05%	0.05%
TNC	F	0.08%	0.21%	0.08%
TPH	D	0.18%	0.17%	0.17%
TRIP	F	0.08%	0.11%	0.08%
TRN	A	0.14%	0.19%	0.14%
TTMI	B	0.12%	0.21%	0.12%
UCB	A	0.17%	0.21%	0.17%
UFPT	C	0.11%	0.12%	0.11%
UNF	B	0.14%	0.21%	0.14%
UPBD	C	0.07%	0.18%	0.07%
URBN	C	0.1%	0.16%	0.1%
VCEL	A	0.12%	0.16%	0.12%
VECO	F	0.07%	0.11%	0.07%
VICR	C	0.06%	0.18%	0.06%
VIRT	A	0.13%	0.18%	0.13%
VRRM	F	0.17%	0.18%	0.17%
VSCO	A	0.12%	0.13%	0.12%
VSTS	F	0.07%	0.09%	0.07%
WAFD	B	0.13%	0.19%	0.13%
WD	D	0.16%	0.19%	0.16%
WDFC	B	0.17%	0.21%	0.17%
WERN	B	0.11%	0.27%	0.11%
WGO	D	0.08%	0.19%	0.08%
WHD	B	0.2%	0.19%	0.19%
WKC	D	0.07%	0.22%	0.07%
WOR	F	0.06%	0.17%	0.06%
WS	B	0.07%	0.14%	0.07%
WSFS	B	0.15%	0.19%	0.15%
YELP	C	0.11%	0.22%	0.11%
YOU	D	0.12%	0.12%	0.12%
ZD	B	0.11%	0.21%	0.11%
ZWS	B	0.25%	0.3%	0.25%

SAA Overweight 298 Positions Relative to CSF

Symbol	Grade	Weight
LUMN	C	0.44%
CMA	B	0.41%
RHI	C	0.35%
GKOS	A	0.35%
SPSC	F	0.31%
VFC	C	0.31%
MTH	D	0.31%
BBWI	C	0.3%
ETSY	D	0.28%
EPRT	A	0.26%
INSP	F	0.26%
SLG	B	0.24%
CTRE	C	0.23%
PECO	A	0.22%
NSIT	F	0.22%
GTES	A	0.22%
SITM	B	0.19%
MAC	A	0.19%
ICUI	D	0.19%
SKT	A	0.18%
SMTC	C	0.18%
RXO	C	0.18%
IAC	D	0.17%
NWL	B	0.17%
GEO	A	0.16%
APLE	B	0.16%
HIW	D	0.16%
DEI	B	0.15%
BXMT	C	0.15%
HASI	F	0.15%
CWK	C	0.15%
IIPR	F	0.14%
ARCH	B	0.14%
CARG	B	0.14%
PENN	C	0.14%
SATS	C	0.14%
TDS	B	0.14%
ENV	B	0.14%
HBI	B	0.13%
UE	A	0.13%
LXP	D	0.13%
ABR	B	0.13%
MPW	F	0.13%
VSTO	A	0.12%
NARI	C	0.12%
FCPT	C	0.12%
KLIC	C	0.12%
AKR	A	0.12%
PPBI	B	0.12%
DV	C	0.12%
VIAV	C	0.11%
TRMK	B	0.11%
MP	C	0.11%
IBTX	B	0.11%
OUT	A	0.11%
CXW	B	0.11%
FTRE	D	0.1%
B	A	0.1%
MRCY	C	0.1%
HI	C	0.1%
EXTR	C	0.1%
SHO	D	0.1%
ROIC	A	0.1%
BANC	B	0.1%
RUN	F	0.1%
OMCL	C	0.1%
JBLU	F	0.09%
APOG	B	0.09%
DRH	B	0.09%
OI	D	0.09%
TNDM	F	0.09%
GBX	B	0.09%
NEO	C	0.09%
FL	F	0.09%
NATL	B	0.09%
VYX	C	0.09%
HMN	B	0.08%
SONO	C	0.08%
TRUP	B	0.08%
KN	B	0.08%
LTC	B	0.08%
UCTT	F	0.08%
WWW	A	0.08%
THS	F	0.08%
CTS	C	0.08%
PZZA	F	0.08%
BHE	B	0.08%
UNIT	B	0.07%
STAA	F	0.07%
TILE	B	0.07%
HLX	C	0.07%
VRE	A	0.07%
XNCR	B	0.07%
JBGS	F	0.07%
DNOW	B	0.07%
WABC	B	0.07%
XHR	B	0.07%
PRDO	B	0.07%
ELME	D	0.07%
CUBI	C	0.07%
GNL	D	0.07%
PEB	F	0.07%
CSGS	B	0.07%
AMWD	C	0.07%
NWN	A	0.07%
MYGN	F	0.07%
DVAX	C	0.07%
VRTS	B	0.07%
GTY	A	0.07%
NTCT	C	0.07%
VBTX	B	0.07%
PLAB	D	0.07%
LEG	F	0.07%
HOPE	B	0.07%
NGVT	C	0.07%
IART	C	0.07%
GIII	D	0.06%
MXL	C	0.06%
TGI	A	0.06%
RC	D	0.06%
MSEX	B	0.06%
PLAY	D	0.06%
QNST	C	0.06%
WOLF	F	0.06%
BHLB	B	0.06%
UNFI	B	0.06%
SAFT	B	0.06%
WT	A	0.06%
UVV	B	0.06%
DEA	D	0.06%
SBH	B	0.06%
EIG	B	0.06%
AAT	A	0.06%
COHU	D	0.06%
MD	C	0.06%
KALU	C	0.06%
KW	B	0.06%
THRM	F	0.06%
LNN	B	0.06%
SABR	B	0.06%
HELE	C	0.06%
ALEX	B	0.06%
USPH	C	0.06%
NX	C	0.06%
HCI	C	0.05%
XPEL	C	0.05%
MMI	B	0.05%
SBSI	B	0.05%
ANIP	D	0.05%
XRX	F	0.05%
PDFS	D	0.05%
DLX	B	0.05%
NXRT	A	0.05%
CBRL	C	0.05%
COLL	F	0.05%
SDGR	C	0.05%
MRTN	C	0.05%
CAL	F	0.05%
MCRI	A	0.05%
SXC	A	0.05%
AHCO	D	0.05%
ALGT	C	0.05%
EFC	C	0.05%
AORT	B	0.05%
BRKL	B	0.05%
FBRT	C	0.05%
DAN	F	0.05%
INVA	C	0.05%
AMSF	B	0.05%
CARS	C	0.05%
ICHR	C	0.05%
OXM	F	0.05%
CSR	A	0.05%
BLMN	F	0.05%
FDP	B	0.05%
CENX	B	0.05%
PFBC	B	0.05%
PMT	D	0.05%
ARI	C	0.05%
SCSC	B	0.05%
DCOM	A	0.05%
DGII	B	0.05%
ECPG	C	0.05%
PBI	B	0.05%
EXPI	C	0.05%
ARLO	C	0.05%
KLG	D	0.05%
ATEN	A	0.05%
CRK	A	0.05%
CERT	F	0.05%
NVEE	F	0.05%
AXL	C	0.04%
PCRX	C	0.04%
SSTK	F	0.04%
BSIG	A	0.04%
BJRI	C	0.04%
CPF	B	0.04%
ASIX	C	0.04%
VTLE	C	0.04%
CFFN	B	0.04%
ASTE	C	0.04%
EGBN	B	0.04%
PRA	B	0.04%
HCSG	C	0.04%
WNC	D	0.04%
VIR	F	0.04%
MNRO	C	0.04%
EMBC	D	0.04%
DXPE	B	0.04%
JACK	D	0.04%
EYE	C	0.04%
HFWA	B	0.04%
PARR	F	0.04%
TMP	B	0.04%
VTOL	B	0.04%
BDN	C	0.04%
ODP	F	0.04%
AVNS	F	0.04%
BLFS	C	0.04%
VVI	B	0.04%
PRAA	C	0.04%
OMI	F	0.04%
RCUS	F	0.04%
HSII	B	0.04%
UTL	C	0.04%
RWT	D	0.04%
CLB	C	0.04%
PRLB	C	0.04%
NVRI	F	0.03%
IIIN	D	0.03%
GDOT	D	0.03%
SNCY	C	0.03%
SHEN	F	0.03%
MTUS	D	0.03%
EZPW	A	0.03%
PUMP	D	0.03%
AOSL	C	0.03%
WSR	A	0.03%
HZO	F	0.03%
SPTN	F	0.03%
MLAB	F	0.03%
HPP	F	0.03%
SCHL	F	0.03%
ETD	D	0.03%
SCVL	F	0.03%
HAIN	D	0.03%
CEVA	B	0.03%
FWRD	D	0.03%
TRST	B	0.03%
GDEN	B	0.03%
KREF	D	0.03%
RGR	F	0.03%
IRWD	F	0.03%
INN	D	0.03%
MATV	F	0.03%
SMP	C	0.03%
NBR	D	0.03%
GPRE	F	0.03%
REX	D	0.03%
HAFC	B	0.03%
MATW	C	0.03%
CTKB	C	0.03%
VSAT	F	0.03%
AHH	D	0.03%
TTGT	B	0.03%
KOP	C	0.03%
HAYN	A	0.03%
HSTM	A	0.03%
SEDG	F	0.03%
JBSS	F	0.03%
CENT	C	0.02%
CNSL	B	0.02%
TWI	F	0.02%
HTZ	C	0.02%
FLGT	F	0.02%
NPK	C	0.02%
WRLD	D	0.02%
USNA	C	0.02%
MYE	F	0.02%
GOGO	C	0.02%
PAHC	B	0.02%
GES	F	0.02%
THRY	F	0.02%
RES	F	0.02%
SLP	F	0.02%
BFS	C	0.02%
RGNX	D	0.02%
TR	B	0.02%
BGS	F	0.02%
HTLD	B	0.02%
UFCS	A	0.02%
SVC	F	0.02%
KELYA	F	0.02%
UHT	D	0.02%
AMBC	C	0.02%
LQDT	A	0.02%
LESL	C	0.02%
CRSR	D	0.01%

SAA Underweight 200 Positions Relative to CSF

Symbol	Grade	Weight
DTM	A	-0.45%
IDA	A	-0.37%
FHI	B	-0.36%
THG	A	-0.33%
FLS	A	-0.33%
CNX	A	-0.33%
SR	A	-0.32%
LOPE	B	-0.32%
PNM	B	-0.31%
NFG	A	-0.31%
DLB	F	-0.31%
NJR	A	-0.31%
KNTK	A	-0.3%
BKH	A	-0.3%
NWE	C	-0.3%
ESAB	C	-0.3%
POR	C	-0.3%
OGS	A	-0.29%
FLO	D	-0.29%
EXLS	B	-0.29%
AXS	A	-0.29%
SLGN	A	-0.28%
WEN	C	-0.28%
CWST	A	-0.28%
USLM	A	-0.28%
NEU	D	-0.27%
WMK	B	-0.27%
GHC	B	-0.27%
LAUR	A	-0.27%
GEF	B	-0.27%
CNO	B	-0.27%
ALSN	B	-0.27%
AMG	C	-0.27%
MMS	D	-0.27%
GATX	B	-0.27%
SWX	A	-0.26%
MTG	D	-0.26%
WTM	A	-0.26%
MSM	D	-0.26%
FNB	B	-0.26%
WTS	B	-0.26%
AVT	C	-0.26%
SON	F	-0.26%
HLNE	A	-0.26%
COLM	B	-0.26%
IBOC	B	-0.25%
SFM	A	-0.25%
LANC	D	-0.25%
ASB	B	-0.25%
VNT	C	-0.25%
BOKF	B	-0.25%
HOMB	A	-0.25%
VCTR	B	-0.25%
SUM	B	-0.24%
NNI	D	-0.24%
WMG	C	-0.24%
HURN	B	-0.24%
MWA	B	-0.24%
UMBF	B	-0.24%
ONB	B	-0.24%
FA	D	-0.24%
HAE	C	-0.24%
R	B	-0.24%
PRIM	A	-0.24%
TCBI	B	-0.24%
GPOR	A	-0.24%
SLM	B	-0.24%
VMI	B	-0.23%
TNL	B	-0.23%
OSW	B	-0.23%
SNV	B	-0.23%
EEFT	C	-0.23%
UBSI	B	-0.23%
GOLF	B	-0.23%
EE	A	-0.23%
HRI	C	-0.23%
ROAD	A	-0.23%
KAI	B	-0.23%
ICFI	F	-0.23%
ORA	B	-0.23%
KEX	B	-0.23%
KNF	B	-0.23%
RYAN	B	-0.23%
WSBC	B	-0.22%
BCO	F	-0.22%
HWC	B	-0.22%
BLKB	B	-0.22%
CADE	B	-0.22%
KMPR	A	-0.22%
ESI	B	-0.22%
FRME	B	-0.22%
VVV	D	-0.22%
WU	F	-0.22%
VSEC	B	-0.22%
TOWN	B	-0.22%
EFSC	B	-0.21%
ENS	D	-0.21%
SYBT	B	-0.21%
BDC	B	-0.21%
FFIN	B	-0.21%
ASGN	F	-0.21%
SEB	F	-0.21%
EBC	B	-0.2%
SPB	C	-0.2%
CXT	C	-0.2%
AGM	B	-0.2%
MAN	F	-0.2%
AVNT	B	-0.2%
IPGP	D	-0.2%
PFSI	C	-0.19%
CBZ	B	-0.19%
FIBK	B	-0.19%
BROS	A	-0.19%
IRDM	F	-0.19%
VAC	C	-0.19%
GBCI	B	-0.19%
ALTR	B	-0.19%
CBT	C	-0.19%
HGV	C	-0.19%
UTZ	D	-0.19%
OZK	B	-0.18%
NMRK	B	-0.18%
UGI	C	-0.18%
VC	F	-0.18%
KTOS	C	-0.18%
LPX	B	-0.18%
MTZ	A	-0.18%
CRI	F	-0.18%
BC	D	-0.18%
FRPT	A	-0.18%
STRL	A	-0.18%
DOCS	C	-0.17%
COLB	B	-0.17%
INSW	F	-0.17%
HALO	F	-0.17%
SAM	C	-0.17%
DDS	B	-0.17%
OLLI	D	-0.17%
HEES	C	-0.17%
VSH	F	-0.17%
CVLT	B	-0.17%
ASH	F	-0.17%
VLY	B	-0.16%
RRR	F	-0.16%
EXPO	D	-0.16%
NSP	F	-0.16%
IESC	A	-0.16%
KBH	D	-0.16%
AESI	B	-0.16%
GTLS	A	-0.16%
FOUR	A	-0.16%
LOB	C	-0.15%
LTH	C	-0.15%
POWI	D	-0.15%
GTX	F	-0.15%
SHC	F	-0.15%
OPCH	F	-0.15%
TGLS	B	-0.15%
HOG	F	-0.14%
PEGA	B	-0.14%
PTVE	B	-0.14%
TEX	D	-0.14%
SKY	A	-0.14%
SYNA	D	-0.14%
TDC	D	-0.14%
PII	F	-0.14%
VERX	A	-0.14%
BOWL	D	-0.13%
MNKD	B	-0.13%
M	D	-0.13%
RIOT	C	-0.13%
YETI	D	-0.13%
VAL	F	-0.13%
MBIN	F	-0.13%
PAY	A	-0.13%
JWN	C	-0.13%
LEVI	F	-0.13%
REVG	B	-0.12%
USM	B	-0.12%
APPF	C	-0.12%
RH	D	-0.12%
CHWY	B	-0.11%
CMPR	F	-0.11%
CRUS	F	-0.11%
NSSC	F	-0.11%
KOS	D	-0.11%
CVNA	A	-0.11%
MOD	A	-0.11%
ANF	C	-0.1%
CC	D	-0.1%
IAS	D	-0.1%
ALGM	F	-0.1%
ACAD	C	-0.1%
VRNT	D	-0.1%
ARHS	F	-0.09%
RKT	F	-0.09%
BLBD	F	-0.09%
DFH	F	-0.09%
LNTH	F	-0.07%
GME	C	-0.04%