SAA vs. JPSE ETF Comparison

Comparison of ProShares Ultra SmallCap600 (SAA) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

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

$26.01

Average Daily Volume

18,700

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$47.07

Average Daily Volume

37,882

Number of Holdings ^*

532

* may have additional holdings in another (foreign) market

Performance

Period	SAA	JPSE
30 Days	2.16%	2.80%
60 Days	-1.88%	0.77%
90 Days	14.13%	8.84%
12 Months	27.12%	18.33%

323 Overlapping Holdings

Symbol	Grade	Weight in SAA	Weight in JPSE	Overlap
AAT	B	0.07%	0.23%	0.07%
ABCB	B	0.22%	0.28%	0.22%
ABG	F	0.27%	0.11%	0.11%
ABM	D	0.2%	0.21%	0.2%
ABR	C	0.14%	0.17%	0.14%
ACA	C	0.23%	0.29%	0.23%
ACLS	F	0.18%	0.12%	0.12%
ADUS	B	0.13%	0.24%	0.13%
AEIS	D	0.21%	0.24%	0.21%
AEO	F	0.21%	0.18%	0.18%
AGYS	D	0.12%	0.31%	0.12%
AHCO	B	0.05%	0.08%	0.05%
AIN	F	0.16%	0.13%	0.13%
AKR	B	0.13%	0.38%	0.13%
ALEX	B	0.08%	0.16%	0.08%
ALKS	C	0.27%	0.17%	0.17%
ALRM	F	0.17%	0.12%	0.12%
AMPH	C	0.1%	0.22%	0.1%
AMR	F	0.14%	0.16%	0.14%
AMWD	C	0.08%	0.06%	0.06%
ANDE	D	0.09%	0.27%	0.09%
ANIP	F	0.05%	0.2%	0.05%
AOSL	D	0.05%	0.01%	0.01%
APAM	C	0.16%	0.29%	0.16%
APLE	D	0.18%	0.22%	0.18%
APOG	C	0.08%	0.19%	0.08%
ARCB	D	0.14%	0.2%	0.14%
ARCH	D	0.13%	0.16%	0.13%
ARI	F	0.08%	0.18%	0.08%
AROC	D	0.16%	0.3%	0.16%
ASIX	C	0.04%	0.11%	0.04%
ASO	C	0.23%	0.22%	0.22%
ASTH	B	0.11%	0.25%	0.11%
ATEN	C	0.05%	0.16%	0.05%
AUB	C	0.2%	0.11%	0.11%
AVA	B	0.17%	0.33%	0.17%
AVNS	B	0.06%	0.07%	0.06%
AWR	B	0.17%	0.15%	0.15%
AX	D	0.19%	0.22%	0.19%
AZZ	D	0.13%	0.16%	0.13%
B	D	0.11%	0.05%	0.05%
BANF	B	0.09%	0.08%	0.08%
BCC	C	0.28%	0.29%	0.28%
BCPC	C	0.32%	0.33%	0.32%
BDN	B	0.05%	0.23%	0.05%
BGS	D	0.04%	0.2%	0.04%
BHE	C	0.08%	0.23%	0.08%
BKE	B	0.07%	0.31%	0.07%
BLMN	F	0.08%	0.15%	0.08%
BMI	A	0.33%	0.3%	0.3%
BRKL	C	0.05%	0.0%	0.0%
BSIG	C	0.04%	0.09%	0.04%
BXMT	C	0.18%	0.04%	0.04%
CABO	F	0.09%	0.19%	0.09%
CAL	F	0.07%	0.04%	0.04%
CALM	B	0.16%	0.34%	0.16%
CALX	D	0.12%	0.17%	0.12%
CARG	B	0.13%	0.21%	0.13%
CARS	D	0.06%	0.06%	0.06%
CASH	B	0.1%	0.08%	0.08%
CATY	C	0.18%	0.19%	0.18%
CCOI	C	0.17%	0.3%	0.17%
CCRN	F	0.03%	0.05%	0.03%
CCS	B	0.15%	0.13%	0.13%
CEIX	C	0.14%	0.23%	0.14%
CENTA	D	0.1%	0.17%	0.1%
CENX	D	0.04%	0.14%	0.04%
CHCO	B	0.1%	0.06%	0.06%
CHCT	F	0.02%	0.05%	0.02%
CHEF	C	0.09%	0.06%	0.06%
CHUY	B	0.04%	0.01%	0.01%
CLW	F	0.03%	0.15%	0.03%
CNMD	D	0.12%	0.17%	0.12%
CNS	A	0.13%	0.08%	0.08%
CNSL	A	0.02%	0.11%	0.02%
CNXN	B	0.05%	0.17%	0.05%
COHU	D	0.07%	0.19%	0.07%
COLL	C	0.07%	0.3%	0.07%
COOP	B	0.34%	0.33%	0.33%
CORT	B	0.18%	0.3%	0.18%
CPK	A	0.15%	0.33%	0.15%
CPRX	B	0.13%	0.36%	0.13%
CRC	C	0.18%	0.17%	0.17%
CRK	D	0.05%	0.14%	0.05%
CRS	B	0.38%	0.41%	0.38%
CRVL	B	0.16%	0.36%	0.16%
CSGS	C	0.08%	0.14%	0.08%
CTRE	A	0.24%	0.35%	0.24%
CTS	D	0.08%	0.2%	0.08%
CVI	F	0.04%	0.14%	0.04%
CWK	B	0.14%	0.07%	0.07%
CWT	A	0.18%	0.22%	0.18%
CXW	D	0.08%	0.26%	0.08%
DEA	B	0.08%	0.21%	0.08%
DEI	A	0.15%	0.24%	0.15%
DFIN	B	0.09%	0.08%	0.08%
DGII	D	0.06%	0.22%	0.06%
DIOD	F	0.16%	0.19%	0.16%
DNOW	D	0.07%	0.06%	0.06%
DORM	B	0.17%	0.07%	0.07%
DRH	C	0.1%	0.2%	0.1%
DVAX	D	0.08%	0.19%	0.08%
DXPE	C	0.04%	0.02%	0.02%
ECPG	C	0.06%	0.01%	0.01%
EFC	A	0.06%	0.27%	0.06%
EIG	B	0.07%	0.17%	0.07%
ENR	D	0.12%	0.28%	0.12%
ENSG	A	0.48%	0.38%	0.38%
ENVA	C	0.13%	0.3%	0.13%
EPC	F	0.11%	0.29%	0.11%
EPRT	A	0.32%	0.34%	0.32%
ETH	F	0.04%	0.26%	0.04%
EVTC	D	0.12%	0.11%	0.11%
EXPI	C	0.05%	0.18%	0.05%
EXTR	C	0.11%	0.22%	0.11%
FBP	D	0.2%	0.17%	0.17%
FCF	C	0.1%	0.07%	0.07%
FCPT	A	0.15%	0.29%	0.15%
FDP	B	0.06%	0.25%	0.06%
FELE	D	0.22%	0.28%	0.22%
FFBC	C	0.14%	0.12%	0.12%
FIZZ	F	0.06%	0.25%	0.06%
FLGT	D	0.02%	0.09%	0.02%
FN	D	0.46%	0.28%	0.28%
FORM	F	0.19%	0.22%	0.19%
FSS	D	0.3%	0.24%	0.24%
FUL	D	0.25%	0.3%	0.25%
FULT	D	0.19%	0.15%	0.15%
FWRD	C	0.06%	0.05%	0.05%
GEO	D	0.1%	0.29%	0.1%
GFF	C	0.13%	0.17%	0.13%
GIII	C	0.06%	0.1%	0.06%
GMS	C	0.19%	0.24%	0.19%
GNW	B	0.17%	0.33%	0.17%
GOGO	F	0.03%	0.17%	0.03%
GPI	B	0.27%	0.35%	0.27%
GRBK	B	0.11%	0.24%	0.11%
GTY	A	0.09%	0.18%	0.09%
HAIN	D	0.04%	0.08%	0.04%
HASI	B	0.21%	0.26%	0.21%
HAYN	D	0.04%	0.19%	0.04%
HCC	D	0.16%	0.24%	0.16%
HCSG	C	0.05%	0.04%	0.04%
HI	F	0.12%	0.17%	0.12%
HLIT	C	0.09%	0.32%	0.09%
HLX	F	0.08%	0.25%	0.08%
HMN	C	0.08%	0.04%	0.04%
HNI	C	0.14%	0.26%	0.14%
HOPE	C	0.09%	0.17%	0.09%
HPP	F	0.04%	0.1%	0.04%
HRMY	B	0.07%	0.11%	0.07%
HSII	C	0.04%	0.06%	0.04%
HTH	C	0.08%	0.22%	0.08%
HUBG	C	0.16%	0.07%	0.07%
HVT	D	0.02%	0.15%	0.02%
HWKN	C	0.13%	0.09%	0.09%
IBP	C	0.28%	0.25%	0.25%
ICHR	F	0.05%	0.08%	0.05%
IDCC	B	0.19%	0.33%	0.19%
IIPR	A	0.2%	0.33%	0.2%
INN	C	0.04%	0.1%	0.04%
INVA	B	0.06%	0.31%	0.06%
IOSP	D	0.15%	0.25%	0.15%
IPAR	D	0.13%	0.12%	0.12%
IRWD	F	0.04%	0.03%	0.03%
ITGR	B	0.24%	0.33%	0.24%
JBSS	F	0.05%	0.22%	0.05%
JJSF	D	0.15%	0.27%	0.15%
JOE	D	0.12%	0.31%	0.12%
JXN	B	0.33%	0.36%	0.33%
KALU	D	0.06%	0.15%	0.06%
KFY	B	0.21%	0.14%	0.14%
KLG	C	0.06%	0.16%	0.06%
KLIC	D	0.13%	0.2%	0.13%
KOP	F	0.05%	0.21%	0.05%
KREF	B	0.04%	0.04%	0.04%
KTB	A	0.21%	0.21%	0.21%
KWR	D	0.13%	0.19%	0.13%
LBRT	D	0.17%	0.21%	0.17%
LCII	C	0.17%	0.15%	0.15%
LGND	C	0.1%	0.29%	0.1%
LPG	F	0.07%	0.24%	0.07%
LTC	B	0.09%	0.3%	0.09%
LUMN	C	0.31%	0.93%	0.31%
LXP	B	0.17%	0.22%	0.17%
LZB	C	0.1%	0.33%	0.1%
MAC	B	0.19%	0.28%	0.19%
MATV	B	0.06%	0.23%	0.06%
MATX	C	0.26%	0.32%	0.26%
MC	B	0.26%	0.29%	0.26%
MGEE	A	0.18%	0.23%	0.18%
MGPI	C	0.08%	0.22%	0.08%
MGY	D	0.25%	0.25%	0.25%
MHO	B	0.24%	0.35%	0.24%
MLI	B	0.44%	0.36%	0.36%
MLKN	D	0.11%	0.15%	0.11%
MMI	C	0.05%	0.02%	0.02%
MMSI	A	0.32%	0.33%	0.32%
MOG.A	B	0.31%	0.12%	0.12%
MOV	F	0.02%	0.08%	0.02%
MSEX	C	0.06%	0.09%	0.06%
MTH	B	0.39%	0.3%	0.3%
MTRN	F	0.13%	0.24%	0.13%
MTUS	F	0.03%	0.19%	0.03%
MTX	F	0.14%	0.26%	0.14%
MXL	F	0.06%	0.03%	0.03%
MYE	F	0.03%	0.04%	0.03%
MYGN	C	0.13%	0.1%	0.1%
NAVI	C	0.07%	0.25%	0.07%
NBTB	D	0.13%	0.17%	0.13%
NEO	C	0.11%	0.09%	0.09%
NGVT	F	0.07%	0.13%	0.07%
NHC	D	0.1%	0.08%	0.08%
NMIH	B	0.19%	0.27%	0.19%
NOG	F	0.19%	0.13%	0.13%
NPK	C	0.02%	0.05%	0.02%
NPO	D	0.18%	0.22%	0.18%
NSIT	C	0.32%	0.3%	0.3%
NTCT	D	0.08%	0.16%	0.08%
NUS	F	0.02%	0.05%	0.02%
NWBI	C	0.1%	0.17%	0.1%
NWN	B	0.09%	0.26%	0.09%
NX	D	0.06%	0.05%	0.05%
ODP	F	0.05%	0.13%	0.05%
OFG	C	0.12%	0.26%	0.12%
OMCL	C	0.11%	0.11%	0.11%
OMI	D	0.07%	0.14%	0.07%
OTTR	D	0.19%	0.26%	0.19%
OXM	D	0.07%	0.12%	0.07%
PARR	F	0.06%	0.15%	0.06%
PATK	A	0.15%	0.33%	0.15%
PBH	B	0.21%	0.31%	0.21%
PBI	D	0.06%	0.1%	0.06%
PCRX	F	0.04%	0.02%	0.02%
PDCO	D	0.1%	0.12%	0.1%
PEB	D	0.09%	0.16%	0.09%
PECO	B	0.26%	0.28%	0.26%
PLAB	D	0.08%	0.24%	0.08%
PLUS	B	0.14%	0.24%	0.14%
PLXS	B	0.19%	0.31%	0.19%
PMT	C	0.07%	0.18%	0.07%
PRDO	D	0.08%	0.3%	0.08%
PRFT	A	0.15%	0.1%	0.1%
PRG	B	0.12%	0.13%	0.12%
PRGS	B	0.14%	0.28%	0.14%
PSMT	B	0.13%	0.07%	0.07%
PTEN	F	0.15%	0.13%	0.13%
RC	F	0.07%	0.14%	0.07%
RDN	C	0.31%	0.34%	0.31%
RDNT	B	0.24%	0.21%	0.21%
RES	F	0.03%	0.04%	0.03%
REX	D	0.04%	0.14%	0.04%
RGR	F	0.04%	0.16%	0.04%
RNST	D	0.12%	0.13%	0.12%
ROIC	B	0.11%	0.24%	0.11%
RWT	A	0.06%	0.11%	0.06%
SAFT	C	0.07%	0.08%	0.07%
SANM	D	0.21%	0.21%	0.21%
SATS	B	0.13%	0.37%	0.13%
SCHL	D	0.04%	0.05%	0.04%
SCL	D	0.09%	0.17%	0.09%
SCSC	D	0.07%	0.21%	0.07%
SCVL	C	0.04%	0.31%	0.04%
SEM	D	0.21%	0.3%	0.21%
SFNC	B	0.15%	0.15%	0.15%
SHEN	F	0.04%	0.17%	0.04%
SHO	D	0.12%	0.26%	0.12%
SHOO	B	0.17%	0.2%	0.17%
SIG	C	0.2%	0.26%	0.2%
SJW	C	0.1%	0.18%	0.1%
SKT	B	0.19%	0.32%	0.19%
SKYW	C	0.17%	0.16%	0.16%
SLG	B	0.24%	0.27%	0.24%
SLP	F	0.03%	0.11%	0.03%
SLVM	B	0.15%	0.32%	0.15%
SM	F	0.27%	0.25%	0.25%
SMPL	D	0.17%	0.25%	0.17%
SNEX	C	0.12%	0.09%	0.09%
SPSC	D	0.4%	0.3%	0.3%
SPTN	C	0.04%	0.19%	0.04%
SSTK	F	0.05%	0.12%	0.05%
STAA	F	0.09%	0.04%	0.04%
STC	B	0.12%	0.34%	0.12%
STRA	D	0.12%	0.2%	0.12%
SUPN	D	0.11%	0.23%	0.11%
SVC	F	0.04%	0.1%	0.04%
SXC	F	0.04%	0.19%	0.04%
SXI	D	0.12%	0.21%	0.12%
SXT	D	0.18%	0.24%	0.18%
TDS	B	0.13%	0.33%	0.13%
THRM	D	0.09%	0.09%	0.09%
THS	C	0.11%	0.11%	0.11%
TILE	B	0.06%	0.24%	0.06%
TNC	D	0.1%	0.01%	0.01%
TPH	C	0.23%	0.25%	0.23%
TRMK	C	0.11%	0.08%	0.08%
TRST	C	0.04%	0.07%	0.04%
TTMI	D	0.1%	0.23%	0.1%
UCTT	F	0.09%	0.2%	0.09%
UE	B	0.14%	0.33%	0.14%
UFPT	C	0.13%	0.36%	0.13%
UNF	B	0.16%	0.01%	0.01%
UNFI	C	0.06%	0.15%	0.06%
UNIT	C	0.06%	0.08%	0.06%
URBN	D	0.12%	0.18%	0.12%
USNA	F	0.02%	0.1%	0.02%
USPH	F	0.07%	0.18%	0.07%
UVV	D	0.07%	0.22%	0.07%
VGR	C	0.11%	0.34%	0.11%
VIAV	D	0.1%	0.21%	0.1%
VREX	F	0.03%	0.1%	0.03%
VRTS	D	0.08%	0.07%	0.07%
WAFD	B	0.14%	0.23%	0.14%
WDFC	C	0.2%	0.29%	0.2%
WGO	D	0.1%	0.18%	0.1%
WHD	C	0.21%	0.25%	0.21%
WNC	F	0.05%	0.1%	0.05%
WOR	F	0.08%	0.22%	0.08%
WSR	D	0.04%	0.14%	0.04%
XHR	C	0.08%	0.18%	0.08%
XRX	F	0.07%	0.11%	0.07%
YELP	F	0.13%	0.26%	0.13%
ZEUS	F	0.02%	0.11%	0.02%

SAA Overweight 253 Positions Relative to JPSE

Symbol	Grade	Weight
ATI	D	0.42%
CMA	B	0.41%
GKOS	D	0.37%
RHI	D	0.36%
VFC	C	0.34%
OGN	C	0.32%
AVAV	D	0.31%
AWI	C	0.31%
LNC	D	0.3%
DY	C	0.29%
ACIW	B	0.29%
SEE	D	0.28%
BOX	A	0.27%
AL	D	0.26%
ALK	C	0.26%
KRYS	D	0.26%
RUN	C	0.25%
ITRI	C	0.25%
VRRM	D	0.25%
MARA	F	0.23%
PIPR	B	0.23%
BOOT	B	0.23%
AGO	C	0.23%
TDW	F	0.22%
SFBS	B	0.22%
IAC	C	0.21%
FTDR	B	0.21%
SHAK	C	0.21%
DXC	C	0.21%
BGC	B	0.21%
MSGS	B	0.2%
GTES	C	0.2%
UCBI	B	0.2%
WD	B	0.2%
BRC	B	0.19%
RXO	D	0.19%
ICUI	B	0.19%
HIW	A	0.19%
ENV	C	0.18%
CBU	C	0.18%
WSFS	D	0.18%
GVA	B	0.18%
EAT	B	0.18%
LRN	B	0.18%
ESE	C	0.17%
CNK	B	0.17%
HP	F	0.17%
FHB	C	0.17%
RUSHA	C	0.17%
CVCO	B	0.17%
SMTC	C	0.16%
VIRT	B	0.16%
REZI	D	0.16%
ATGE	D	0.16%
BKU	C	0.16%
STEP	B	0.16%
JBT	D	0.16%
PENN	D	0.16%
NWL	C	0.16%
MPW	B	0.16%
TBBK	B	0.15%
PJT	C	0.15%
BOH	C	0.15%
INDB	C	0.15%
TRN	C	0.15%
TNDM	C	0.15%
DV	F	0.15%
SITM	C	0.14%
PPBI	D	0.14%
PRK	C	0.14%
PLMR	B	0.14%
OUT	B	0.14%
PTGX	B	0.14%
PFS	C	0.14%
OII	D	0.14%
BL	D	0.14%
AAP	F	0.14%
OSIS	C	0.13%
GSHD	C	0.13%
NARI	F	0.13%
HBI	B	0.13%
VSTO	B	0.13%
KSS	F	0.13%
SBCF	C	0.13%
CWEN	A	0.13%
BTU	D	0.13%
VCEL	F	0.13%
FL	D	0.13%
CVBF	C	0.13%
WERN	D	0.13%
IBTX	B	0.12%
LGIH	C	0.12%
EPAC	B	0.12%
PINC	C	0.12%
PHIN	C	0.12%
AIR	C	0.12%
FTRE	F	0.11%
DOCN	B	0.11%
NATL	D	0.11%
OI	D	0.11%
BANC	C	0.11%
PRVA	F	0.11%
MRCY	C	0.11%
KMT	B	0.11%
ROCK	D	0.11%
BANR	B	0.11%
AMN	F	0.11%
GNL	C	0.1%
RAMP	F	0.1%
TALO	F	0.1%
JBLU	D	0.1%
FBNC	C	0.1%
LKFN	C	0.1%
ROG	D	0.1%
LMAT	B	0.1%
VSCO	C	0.1%
VSTS	D	0.1%
GO	F	0.1%
VECO	F	0.1%
HAYW	D	0.1%
CAKE	D	0.1%
KAR	D	0.1%
ALG	D	0.1%
TRIP	F	0.09%
MODG	F	0.09%
MYRG	F	0.09%
KN	D	0.09%
LEG	D	0.09%
STBA	C	0.09%
NBHC	D	0.09%
TRUP	B	0.09%
PZZA	D	0.09%
FBK	B	0.09%
FOXF	F	0.09%
MCY	C	0.09%
VBTX	B	0.08%
IART	F	0.08%
SPNT	C	0.08%
WABC	D	0.08%
DAN	F	0.08%
CUBI	F	0.08%
POWL	C	0.08%
JBGS	B	0.08%
GBX	C	0.08%
SONO	F	0.08%
NVEE	F	0.07%
CERT	F	0.07%
SEDG	F	0.07%
KW	C	0.07%
SBH	C	0.07%
LNN	C	0.07%
SBSI	C	0.06%
PLAY	F	0.06%
WS	D	0.06%
MCRI	C	0.06%
SGH	F	0.06%
PFBC	C	0.06%
QNST	C	0.06%
MRTN	D	0.06%
SNDR	B	0.06%
TGI	F	0.06%
XNCR	C	0.06%
CXM	F	0.06%
NXRT	B	0.06%
WWW	B	0.06%
SABR	D	0.06%
ARLO	F	0.06%
CSR	C	0.06%
SDGR	F	0.06%
BHLB	C	0.06%
VSAT	F	0.06%
AHH	B	0.05%
VICR	F	0.05%
EYE	F	0.05%
PRAA	F	0.05%
CBRL	F	0.05%
DLX	D	0.05%
CLB	D	0.05%
MD	C	0.05%
SAH	D	0.05%
NVRI	D	0.05%
RCUS	C	0.05%
JACK	F	0.05%
NABL	D	0.05%
BLFS	B	0.05%
PDFS	D	0.05%
DCOM	B	0.05%
CWEN	A	0.05%
XPEL	D	0.05%
GPRE	F	0.05%
AMSF	C	0.05%
VTOL	D	0.05%
EMBC	C	0.05%
UTL	B	0.05%
EZPW	D	0.04%
IIIN	D	0.04%
MLAB	C	0.04%
PUMP	F	0.04%
HZO	C	0.04%
EGBN	C	0.04%
SWI	B	0.04%
VIR	F	0.04%
KELYA	D	0.04%
TTGT	F	0.04%
HSTM	C	0.04%
PRA	C	0.04%
VVI	D	0.04%
BJRI	D	0.04%
GDEN	D	0.04%
ASTE	F	0.04%
HCI	C	0.04%
AXL	F	0.04%
CFFN	D	0.04%
TMP	C	0.04%
PRLB	D	0.04%
MATW	F	0.04%
CPF	B	0.04%
HFWA	C	0.04%
MNRO	D	0.04%
LQDT	B	0.03%
DIN	F	0.03%
CTKB	F	0.03%
GDOT	C	0.03%
RGNX	D	0.03%
AMBC	F	0.03%
BFS	B	0.03%
CEVA	C	0.03%
GES	F	0.03%
TR	C	0.03%
LESL	F	0.03%
UHT	B	0.03%
HTLD	D	0.03%
THRY	D	0.03%
MCW	D	0.03%
HAFC	C	0.03%
ALGT	F	0.03%
SMP	C	0.03%
NBR	F	0.03%
CMP	F	0.02%
CRSR	F	0.02%
AMCX	F	0.02%
CENT	D	0.02%
WRLD	D	0.02%
HTZ	F	0.02%
PAHC	B	0.02%
CVGW	B	0.02%
SNCY	F	0.02%
TWI	D	0.02%
UFCS	D	0.02%
RILY	F	0.01%
MERC	F	0.01%
DDD	F	0.01%
DBI	F	0.01%

SAA Underweight 209 Positions Relative to JPSE

Symbol	Grade	Weight
NMRK	B	-0.39%
SFM	B	-0.39%
LNTH	C	-0.38%
CNO	B	-0.37%
RDFN	C	-0.36%
IDT	C	-0.35%
NHI	B	-0.35%
SBRA	A	-0.35%
TMHC	B	-0.34%
ESNT	B	-0.34%
PFSI	B	-0.34%
CNX	B	-0.33%
KRG	B	-0.33%
POR	A	-0.33%
BKH	A	-0.33%
CWST	A	-0.32%
OGS	A	-0.32%
NWE	A	-0.31%
SR	A	-0.31%
ONB	C	-0.31%
NJR	A	-0.31%
LAUR	C	-0.31%
ESRT	B	-0.31%
PRMW	B	-0.31%
AIT	C	-0.31%
AVNT	B	-0.3%
UFPI	C	-0.3%
OPCH	C	-0.3%
BNL	A	-0.3%
CBT	B	-0.3%
KBH	B	-0.3%
TRNO	B	-0.3%
WTS	C	-0.29%
ACLX	B	-0.29%
NOVT	D	-0.29%
MMS	D	-0.29%
CMC	D	-0.29%
ALE	B	-0.29%
LILAK	C	-0.27%
DHT	C	-0.27%
UTZ	C	-0.27%
UBSI	C	-0.27%
TGNA	C	-0.27%
STRL	C	-0.27%
PDM	B	-0.27%
TPB	C	-0.27%
RHP	D	-0.26%
STNG	D	-0.26%
PCH	C	-0.26%
QTWO	B	-0.25%
INFN	B	-0.25%
LANC	D	-0.25%
CVLT	B	-0.25%
TNK	D	-0.24%
NTB	C	-0.24%
IRT	A	-0.24%
CSTM	D	-0.24%
SWBI	D	-0.24%
SWX	C	-0.23%
HLNE	B	-0.23%
CLFD	C	-0.23%
ESGR	D	-0.23%
GATX	C	-0.23%
HQY	C	-0.23%
INSW	D	-0.23%
SGRY	C	-0.22%
CRAI	C	-0.22%
CHX	D	-0.22%
IMKTA	D	-0.22%
RLJ	F	-0.22%
HOMB	C	-0.22%
EQC	B	-0.21%
GSAT	F	-0.21%
SCS	C	-0.21%
CSWI	B	-0.21%
QLYS	F	-0.2%
BDC	B	-0.2%
DBRG	D	-0.2%
AAOI	D	-0.2%
WK	D	-0.2%
VLY	C	-0.2%
VSH	F	-0.2%
TNET	D	-0.2%
POWI	F	-0.19%
HAE	D	-0.19%
LADR	B	-0.19%
WTTR	D	-0.19%
OEC	F	-0.19%
OPEN	D	-0.19%
ORA	C	-0.19%
MED	F	-0.18%
GEF	D	-0.18%
IBOC	C	-0.18%
HE	D	-0.18%
MUR	F	-0.18%
TROX	F	-0.18%
PBF	F	-0.18%
CDE	C	-0.18%
ASGN	D	-0.17%
WMK	C	-0.17%
SMR	D	-0.17%
ANET	C	-0.17%
RYI	F	-0.17%
FUBO	D	-0.16%
LXU	D	-0.16%
ASC	D	-0.16%
ATKR	F	-0.16%
ACRE	D	-0.16%
AGM	D	-0.15%
UEC	F	-0.15%
RMBS	F	-0.15%
MGRC	F	-0.15%
CMRE	D	-0.15%
HWC	D	-0.15%
GPOR	C	-0.15%
ARCT	F	-0.14%
HLF	F	-0.14%
RYAM	B	-0.14%
ACT	A	-0.14%
NTGR	C	-0.14%
VITL	D	-0.14%
ECVT	F	-0.14%
IVT	B	-0.13%
ENS	D	-0.13%
NSP	F	-0.13%
OCFC	B	-0.13%
VCTR	B	-0.13%
DX	A	-0.13%
WSBC	C	-0.13%
IGT	D	-0.13%
ACCO	C	-0.12%
HOV	C	-0.12%
EGHT	F	-0.12%
COMM	A	-0.12%
EXPO	B	-0.12%
GNK	D	-0.11%
EE	C	-0.11%
BZH	B	-0.11%
PGRE	C	-0.1%
AVNW	F	-0.1%
PNTG	B	-0.1%
OSUR	D	-0.1%
UMBF	B	-0.1%
BLKB	B	-0.1%
SD	F	-0.1%
RDUS	D	-0.09%
CSTL	B	-0.09%
ZUMZ	D	-0.08%
BXC	D	-0.08%
BRY	F	-0.08%
IPI	C	-0.08%
CMCO	F	-0.08%
DOLE	A	-0.07%
SRCE	C	-0.07%
FLNG	C	-0.07%
NAT	D	-0.06%
EAF	D	-0.06%
FRME	D	-0.06%
BUSE	C	-0.06%
CWCO	D	-0.06%
MWA	C	-0.05%
WOW	D	-0.05%
TK	C	-0.05%
RBCAA	C	-0.05%
ZYXI	F	-0.05%
METC	F	-0.05%
TH	C	-0.05%
KRO	D	-0.05%
CTBI	B	-0.05%
MEI	F	-0.05%
GRWG	F	-0.04%
GTN	F	-0.04%
ANF	D	-0.04%
SYNA	F	-0.04%
MRC	D	-0.04%
VRNT	F	-0.04%
EGY	D	-0.04%
MITK	F	-0.04%
TRS	D	-0.03%
NNI	B	-0.03%
CSV	C	-0.03%
OSPN	B	-0.03%
PLL	F	-0.03%
THFF	C	-0.03%
AIV	B	-0.03%
CWH	C	-0.03%
LWLG	F	-0.03%
VNDA	D	-0.03%
LFMD	F	-0.03%
TRTX	C	-0.03%
NATR	F	-0.03%
CCSI	C	-0.02%
BOOM	F	-0.02%
GIC	D	-0.02%
RGP	D	-0.02%
CIX	C	-0.02%
SIGI	C	-0.02%
TG	B	-0.02%
ANIK	D	-0.02%
SRDX	D	-0.02%
AMPS	F	-0.02%
BH	D	-0.01%
CCBG	B	-0.01%
NR	D	-0.01%
STHO	C	-0.01%
HL	B	-0.01%
TBI	F	-0.01%
AVD	F	-0.01%
RBBN	F	-0.0%