SMLF vs. AVMV ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Avantis U.S. Mid Cap Value ETF (AVMV)

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$73.10

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

AVMV

Avantis U.S. Mid Cap Value ETF

AVMV Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to achieve higher expected returns by selecting securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$70.43

Average Daily Volume

7,214

Number of Holdings ^*

236

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	AVMV
30 Days	7.55%	7.26%
60 Days	8.72%	9.58%
90 Days	9.84%	11.08%
12 Months	38.08%	36.21%

106 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in AVMV	Overlap
AGCO	D	0.2%	0.23%	0.2%
AIT	B	0.12%	0.41%	0.12%
ALV	C	0.08%	0.28%	0.08%
AM	A	0.37%	0.18%	0.18%
ANF	F	0.3%	0.14%	0.14%
APA	D	0.22%	0.22%	0.22%
AR	B	0.21%	0.08%	0.08%
ARW	D	0.18%	0.22%	0.18%
ATI	C	0.14%	0.27%	0.14%
ATKR	D	0.2%	0.0%	0.0%
AXS	A	0.01%	0.26%	0.01%
AYI	B	0.35%	0.38%	0.35%
BC	C	0.09%	0.21%	0.09%
BJ	A	0.16%	0.2%	0.16%
BPOP	C	0.53%	0.24%	0.24%
BWXT	B	0.13%	0.44%	0.13%
BYD	B	0.01%	0.15%	0.01%
CACC	D	0.08%	0.01%	0.01%
CASY	A	0.06%	0.58%	0.06%
CBSH	B	0.24%	0.24%	0.24%
CFR	B	0.25%	0.28%	0.25%
CHDN	B	0.1%	0.17%	0.1%
CHRD	D	0.03%	0.19%	0.03%
CHX	C	0.11%	0.21%	0.11%
CLH	C	0.07%	0.44%	0.07%
CLVT	D	0.02%	0.0%	0.0%
CMA	B	0.0%	0.36%	0.0%
CMC	B	0.14%	0.28%	0.14%
COKE	C	0.22%	0.25%	0.22%
CROX	D	0.19%	0.13%	0.13%
CSL	C	0.41%	0.94%	0.41%
CVNA	B	0.46%	0.52%	0.46%
CWEN	C	0.15%	0.02%	0.02%
CWEN	C	0.15%	0.01%	0.01%
DCI	B	0.18%	0.34%	0.18%
DDS	B	0.31%	0.06%	0.06%
DECK	A	0.72%	1.0%	0.72%
DINO	D	0.01%	0.0%	0.0%
DKS	D	0.38%	0.29%	0.29%
EME	A	0.94%	0.97%	0.94%
ENSG	C	0.14%	0.29%	0.14%
EVR	B	0.81%	0.21%	0.21%
EWBC	A	0.39%	0.52%	0.39%
FCNCA	A	0.27%	0.27%	0.27%
FHN	A	0.04%	0.21%	0.04%
FIX	A	0.44%	0.57%	0.44%
FLEX	B	0.31%	0.69%	0.31%
FYBR	C	0.13%	0.18%	0.13%
GAP	C	0.23%	0.21%	0.21%
GGG	B	0.3%	0.55%	0.3%
GPK	C	0.26%	0.27%	0.26%
JBL	C	0.55%	0.73%	0.55%
KNSL	B	0.18%	0.37%	0.18%
LECO	C	0.05%	0.42%	0.05%
LNTH	D	0.17%	0.02%	0.02%
LSTR	D	0.1%	0.27%	0.1%
MANH	D	0.5%	0.59%	0.5%
MLI	B	0.49%	0.41%	0.41%
MSM	C	0.02%	0.07%	0.02%
MTG	C	0.09%	0.24%	0.09%
MUR	D	0.19%	0.19%	0.19%
NSIT	F	0.06%	0.22%	0.06%
OC	A	0.18%	0.78%	0.18%
OLN	F	0.09%	0.18%	0.09%
OMF	A	0.16%	0.23%	0.16%
ORI	A	0.41%	0.32%	0.32%
OVV	B	0.25%	0.46%	0.25%
OZK	B	0.08%	0.18%	0.08%
PII	F	0.01%	0.03%	0.01%
PNFP	B	0.1%	0.11%	0.1%
PR	B	0.02%	0.27%	0.02%
PRI	B	0.28%	0.38%	0.28%
PTEN	C	0.11%	0.0%	0.0%
QLYS	B	0.13%	0.09%	0.09%
R	B	0.28%	0.36%	0.28%
RHI	C	0.17%	0.3%	0.17%
RL	C	0.15%	0.29%	0.15%
RPM	A	0.22%	0.65%	0.22%
RRC	B	0.19%	0.29%	0.19%
RS	B	0.49%	0.69%	0.49%
SAIA	B	0.12%	0.52%	0.12%
SF	B	0.17%	0.37%	0.17%
SFM	A	0.6%	0.56%	0.56%
SM	B	0.07%	0.21%	0.07%
SON	F	0.09%	0.18%	0.09%
SSB	B	0.02%	0.02%	0.02%
SSD	F	0.14%	0.32%	0.14%
THO	B	0.13%	0.23%	0.13%
TKR	D	0.17%	0.17%	0.17%
TMHC	C	0.09%	0.24%	0.09%
TOL	B	0.16%	0.67%	0.16%
TPR	B	0.3%	0.29%	0.29%
TREX	C	0.24%	0.28%	0.24%
TXRH	B	0.07%	0.4%	0.07%
UFPI	C	0.23%	0.37%	0.23%
UNM	A	0.0%	0.42%	0.0%
UTHR	C	0.38%	0.64%	0.38%
VAL	F	0.01%	0.0%	0.0%
WAL	B	0.1%	0.41%	0.1%
WBS	A	0.05%	0.36%	0.05%
WFRD	D	0.35%	0.22%	0.22%
WMS	F	0.1%	0.4%	0.1%
WSM	C	0.42%	0.81%	0.42%
WTFC	A	0.02%	0.29%	0.02%
X	B	0.1%	0.35%	0.1%
ZION	B	0.24%	0.38%	0.24%

SMLF Overweight 705 Positions Relative to AVMV

Symbol	Grade	Weight
APP	B	1.49%
MSTR	B	0.73%
AXON	A	0.66%
ALSN	B	0.56%
NTNX	B	0.56%
SLG	B	0.49%
NVT	B	0.49%
IDA	A	0.46%
IBKR	A	0.45%
DUOL	A	0.44%
COCO	A	0.43%
PCOR	B	0.42%
COOP	B	0.41%
LPX	B	0.41%
IOT	A	0.41%
VNO	C	0.41%
JEF	A	0.4%
HRB	D	0.4%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
POWL	C	0.38%
MEDP	D	0.38%
BRX	A	0.37%
WING	D	0.36%
CNM	D	0.36%
CR	A	0.35%
PIPR	A	0.34%
CAVA	B	0.34%
WK	B	0.34%
LAMR	C	0.33%
JHG	B	0.31%
HSII	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FR	D	0.31%
SOLV	D	0.31%
MAC	B	0.31%
THC	D	0.31%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	B	0.3%
CHE	D	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	A	0.29%
PSTG	D	0.29%
AGO	B	0.27%
INTA	B	0.27%
SN	D	0.27%
SMAR	B	0.26%
ESTC	C	0.26%
SIG	B	0.26%
AMH	C	0.25%
MOD	A	0.25%
HURN	C	0.25%
TPX	B	0.24%
CPRX	C	0.24%
RMBS	B	0.24%
AN	C	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
IMKTA	C	0.24%
CW	C	0.23%
ENTG	D	0.23%
LSCC	D	0.23%
AMG	B	0.23%
YOU	D	0.23%
EXLS	B	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	B	0.22%
WS	C	0.22%
AXSM	B	0.22%
MATX	C	0.21%
RNR	C	0.21%
TOST	B	0.21%
BLD	D	0.21%
AZPN	A	0.21%
SRPT	F	0.2%
ETSY	D	0.2%
LIVN	F	0.2%
RDDT	A	0.2%
XRAY	F	0.2%
ELF	C	0.2%
RRX	B	0.2%
DTM	A	0.2%
DNLI	D	0.2%
BBWI	C	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	F	0.19%
M	F	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
NAVI	F	0.19%
ACM	B	0.19%
GH	B	0.19%
HAS	D	0.19%
HLI	A	0.18%
PRGS	A	0.18%
XRX	F	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	B	0.18%
ESAB	C	0.18%
USFD	A	0.18%
HIW	C	0.18%
GLPI	C	0.18%
FROG	C	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
ACLX	C	0.17%
LNW	F	0.17%
BRC	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	B	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	C	0.16%
BL	B	0.16%
BMI	B	0.16%
WTM	A	0.16%
SLM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
GME	C	0.16%
TNL	A	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	F	0.15%
GNRC	C	0.15%
SBGI	B	0.15%
HOG	D	0.15%
ONON	A	0.15%
XNCR	B	0.15%
GES	F	0.15%
ONTO	F	0.15%
W	D	0.15%
VMI	B	0.15%
FTAI	A	0.15%
DOCS	C	0.15%
SPB	C	0.15%
ABG	C	0.15%
SKY	A	0.15%
ESI	B	0.15%
AMR	C	0.14%
UMBF	B	0.14%
RGLD	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
NOVT	D	0.14%
IONS	F	0.14%
PI	D	0.14%
BRKR	D	0.14%
NJR	A	0.14%
UA	C	0.14%
TTC	C	0.14%
YEXT	B	0.14%
PCTY	C	0.14%
SCI	B	0.14%
AY	A	0.14%
SPT	C	0.14%
TPH	D	0.14%
BLKB	B	0.13%
VMEO	B	0.13%
BPMC	B	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	F	0.13%
ACCO	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
GOLF	B	0.13%
RYAN	A	0.13%
KAI	B	0.13%
BDN	C	0.13%
SFBS	C	0.13%
NUVL	C	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
INSP	D	0.12%
AROC	A	0.12%
AWR	B	0.12%
KBR	F	0.12%
GEO	B	0.12%
BASE	B	0.12%
SATS	D	0.12%
ACLS	F	0.12%
NYT	D	0.12%
OGE	A	0.12%
GFF	A	0.12%
BKE	B	0.12%
WH	B	0.12%
KRC	B	0.12%
WEN	D	0.12%
NOV	C	0.12%
CBT	D	0.12%
BSY	F	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	B	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	C	0.11%
SSTK	F	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	A	0.11%
CUBE	C	0.11%
MFA	D	0.11%
ACAD	C	0.11%
HTH	C	0.11%
CRUS	D	0.11%
CARG	B	0.11%
SPSC	D	0.11%
BAND	B	0.11%
ODP	F	0.11%
APOG	C	0.11%
CXW	C	0.11%
MCB	B	0.11%
MDGL	B	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	C	0.1%
MTRN	C	0.1%
ASB	B	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	D	0.1%
IVZ	B	0.1%
UGI	C	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
NNN	C	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
AGM	B	0.1%
KLIC	B	0.1%
BERY	C	0.1%
INSM	C	0.1%
VRNS	D	0.1%
HIMS	B	0.1%
EEFT	B	0.09%
VSH	F	0.09%
CXT	C	0.09%
MTSI	B	0.09%
WSC	F	0.09%
PHIN	A	0.09%
JACK	C	0.09%
MRC	B	0.09%
MTN	C	0.09%
PCVX	D	0.09%
HEES	C	0.09%
ATEN	A	0.09%
APG	B	0.09%
PBH	A	0.09%
HI	C	0.09%
LGND	C	0.09%
CAR	C	0.09%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
PLNT	A	0.09%
EGP	D	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
OHI	C	0.09%
INVA	D	0.09%
COUR	F	0.09%
UPBD	B	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
WEX	D	0.09%
CUBI	B	0.09%
CRS	B	0.09%
EXPO	D	0.09%
VC	F	0.08%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
OPCH	D	0.08%
HWC	B	0.08%
CVLT	B	0.08%
VIR	D	0.08%
FLR	B	0.08%
RGEN	D	0.08%
PEGA	B	0.08%
CAL	F	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	B	0.08%
PD	C	0.08%
YETI	D	0.08%
KN	B	0.08%
MASI	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	D	0.08%
AGX	B	0.08%
CUZ	B	0.08%
KSS	F	0.08%
CARS	C	0.08%
MIDD	C	0.08%
BDC	C	0.08%
CSWI	B	0.08%
CNMD	C	0.07%
AFRM	A	0.07%
UNIT	B	0.07%
EQC	B	0.07%
DH	F	0.07%
HASI	D	0.07%
AMRX	C	0.07%
PEN	B	0.07%
EYPT	D	0.07%
WYNN	C	0.07%
MATV	D	0.07%
VAC	C	0.07%
RIG	D	0.07%
AMPH	F	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	B	0.07%
FLNC	D	0.07%
WLY	B	0.07%
NBR	C	0.07%
EPAC	C	0.07%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	B	0.07%
GCO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
NXST	C	0.07%
WNC	C	0.07%
NVST	B	0.06%
CC	C	0.06%
AVXL	B	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	0.06%
S	B	0.06%
FN	C	0.06%
TNC	D	0.06%
NXT	C	0.06%
ILPT	F	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	B	0.06%
STWD	C	0.06%
MCY	A	0.06%
CTBI	B	0.06%
MPW	F	0.06%
BRBR	A	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
SOFI	B	0.06%
FLO	D	0.06%
RDN	D	0.06%
WTTR	A	0.06%
IRTC	C	0.06%
RYN	D	0.06%
ADEA	C	0.06%
BCO	F	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	B	0.06%
APPF	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
KD	B	0.06%
MED	D	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
SNV	C	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	C	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	0.05%
BEAM	D	0.05%
SITE	F	0.05%
CERS	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	F	0.05%
MERC	F	0.05%
KOS	D	0.05%
TARS	C	0.05%
SMTC	B	0.05%
ZIP	D	0.05%
VNT	C	0.05%
THR	B	0.05%
APLS	F	0.05%
LFUS	D	0.05%
ASAN	B	0.05%
WBA	F	0.05%
PK	C	0.05%
MDXG	B	0.05%
WGO	C	0.05%
CENTA	C	0.05%
ARWR	D	0.04%
FCN	F	0.04%
MAN	F	0.04%
HPP	F	0.04%
STAG	D	0.04%
MDU	D	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
KREF	C	0.04%
OUT	A	0.04%
DIN	C	0.04%
PRGO	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	F	0.04%
SANA	F	0.04%
TPB	B	0.04%
SAH	C	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	C	0.04%
KLG	B	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	C	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	F	0.04%
IBP	D	0.04%
NHI	D	0.04%
ACHC	F	0.04%
HSTM	B	0.04%
MMS	F	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	C	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	B	0.03%
GMED	A	0.03%
ALHC	C	0.03%
VIAV	C	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
SUPN	C	0.03%
FL	F	0.03%
VNDA	C	0.03%
RGNX	D	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
NX	C	0.03%
EMBC	C	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	C	0.03%
XHR	B	0.03%
CIEN	C	0.03%
VIRT	A	0.03%
QDEL	F	0.03%
REVG	C	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	C	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
MGNI	B	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	D	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
TCBI	C	0.03%
RPD	B	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RLI	A	0.03%
RKT	F	0.03%
UVE	B	0.03%
NRC	F	0.03%
OI	C	0.03%
OLED	F	0.03%
BKD	F	0.03%
CVI	F	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
CACI	D	0.02%
SLVM	B	0.02%
OSIS	A	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
ARCT	F	0.02%
OMER	A	0.02%
VSTS	C	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	B	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	F	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	C	0.02%
DAN	D	0.02%
DOCN	C	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	C	0.02%
NUS	D	0.02%
EPR	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
MTW	C	0.02%
DY	D	0.02%
DBI	F	0.02%
LMAT	A	0.02%
RLJ	C	0.02%
PBF	D	0.02%
CRSP	D	0.02%
TLRY	F	0.02%
SITC	D	0.02%
SVC	F	0.02%
TWO	F	0.02%
CNDT	C	0.02%
OPEN	F	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
LANC	C	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
ALGM	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	F	0.01%
EPC	F	0.01%
SFIX	B	0.01%
POWI	F	0.01%
FLWS	D	0.01%
TDC	D	0.01%
XPRO	D	0.01%
MBC	F	0.01%
BIGC	B	0.01%
MLAB	F	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
BKH	A	0.01%
CRAI	C	0.01%
SWI	C	0.01%
MITK	C	0.01%
NTLA	F	0.01%
VRE	B	0.01%
TR	B	0.01%
ROIV	C	0.01%
TTGT	B	0.01%
SWX	B	0.01%
HCAT	D	0.01%
OIS	B	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
HQY	A	0.01%
ENVA	B	0.01%
HMST	F	0.01%
CAKE	C	0.01%
STGW	A	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GEF	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	B	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	D	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	B	0.01%
UPWK	B	0.01%
HXL	F	0.01%
NFBK	C	0.01%
SHO	D	0.01%
AEIS	C	0.01%
MAGN	D	0.0%
BFH	C	0.0%
MC	C	0.0%
SEE	C	0.0%
CHCO	B	0.0%
GDOT	D	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
FULT	A	0.0%
EIG	B	0.0%
JXN	C	0.0%
BOH	B	0.0%
DEI	B	0.0%
TRMK	C	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	B	0.0%
TBBK	B	0.0%
FBP	C	0.0%
PRDO	B	0.0%
BKU	A	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 130 Positions Relative to AVMV

Symbol	Grade	Weight
RCL	A	-2.24%
VST	A	-2.2%
URI	C	-1.93%
TRGP	A	-1.36%
HIG	B	-1.29%
UAL	A	-1.19%
CCL	A	-1.14%
PHM	D	-1.14%
ACGL	C	-1.13%
GLW	B	-1.12%
MTB	A	-1.12%
FITB	B	-1.08%
ON	D	-1.07%
RJF	A	-1.05%
BKR	A	-0.98%
SYF	B	-0.95%
STLD	B	-0.91%
TPL	A	-0.88%
HBAN	A	-0.88%
PKG	A	-0.87%
STT	B	-0.86%
KR	B	-0.85%
TSCO	D	-0.84%
LII	A	-0.84%
TROW	B	-0.83%
LYB	F	-0.83%
RF	A	-0.81%
DVN	F	-0.79%
LPLA	A	-0.75%
EXPD	C	-0.72%
DRI	B	-0.72%
IP	A	-0.72%
ADM	D	-0.72%
NTRS	A	-0.69%
NVR	D	-0.69%
CFG	B	-0.67%
SNA	A	-0.67%
DOW	F	-0.67%
BBY	D	-0.67%
CF	A	-0.65%
DFS	B	-0.63%
EQT	B	-0.62%
EBAY	D	-0.62%
FSLR	F	-0.61%
MRO	B	-0.61%
CTRA	B	-0.6%
JBHT	C	-0.59%
EQH	C	-0.59%
WRB	A	-0.56%
VTRS	A	-0.56%
RGA	A	-0.5%
SWKS	F	-0.5%
EG	C	-0.5%
POOL	C	-0.49%
L	A	-0.49%
FOXA	A	-0.48%
KMX	B	-0.46%
FTI	A	-0.45%
IDXX	F	-0.45%
MUSA	B	-0.45%
ULTA	F	-0.44%
HAL	C	-0.43%
EXP	B	-0.42%
WBD	B	-0.42%
EMN	C	-0.42%
NCLH	B	-0.41%
TAP	C	-0.41%
ATR	B	-0.39%
BALL	F	-0.38%
BURL	B	-0.37%
ALLY	C	-0.36%
AFG	A	-0.35%
DG	F	-0.33%
PFGC	B	-0.33%
AOS	F	-0.33%
LNG	A	-0.32%
GL	C	-0.32%
INGR	C	-0.32%
FND	D	-0.32%
GPC	D	-0.3%
NUE	C	-0.3%
BWA	D	-0.3%
JAZZ	B	-0.3%
MKL	A	-0.28%
DLTR	F	-0.27%
CNC	D	-0.27%
BLDR	D	-0.27%
LUV	C	-0.26%
FANG	C	-0.25%
MTDR	B	-0.25%
CLF	F	-0.24%
MOS	F	-0.24%
FOX	A	-0.24%
UHAL	D	-0.24%
LULU	C	-0.24%
LEA	F	-0.21%
SNX	D	-0.2%
BG	D	-0.2%
MHK	D	-0.19%
ESNT	F	-0.19%
PFG	D	-0.19%
CIVI	D	-0.18%
AES	F	-0.18%
CHRW	B	-0.18%
WLK	D	-0.17%
MGY	A	-0.16%
APTV	F	-0.16%
FAST	B	-0.16%
MTH	D	-0.15%
NEU	D	-0.15%
LVS	B	-0.15%
UHS	D	-0.13%
ENLC	A	-0.13%
AMKR	D	-0.12%
KEY	B	-0.12%
EL	F	-0.12%
SEIC	B	-0.11%
MKTX	D	-0.1%
BOKF	B	-0.09%
HESM	B	-0.08%
JKHY	D	-0.06%
CPNG	D	-0.05%
ACT	C	-0.04%
SW	A	-0.03%
DAL	B	-0.03%
CNA	C	-0.03%
UHAL	D	-0.02%
MLM	C	-0.01%
NFE	D	-0.0%
FIZZ	C	-0.0%