SMLF vs. BIB ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to ProShares Ultra Nasdaq Biotechnology (BIB)

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

$70.37

Average Daily Volume

70,017

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

BIB

ProShares Ultra Nasdaq Biotechnology

BIB Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®. 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 modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.52

Average Daily Volume

13,712

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	BIB
30 Days	3.58%	-17.80%
60 Days	6.73%	-20.00%
90 Days	9.95%	-20.28%
12 Months	35.13%	22.43%

60 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in BIB	Overlap
ACAD	C	0.11%	0.19%	0.11%
ACLX	C	0.17%	0.36%	0.17%
ADMA	C	0.06%	0.31%	0.06%
AKRO	C	0.02%	0.16%	0.02%
ALKS	C	0.3%	0.32%	0.3%
AMPH	F	0.07%	0.15%	0.07%
ANAB	F	0.04%	0.04%	0.04%
APLS	F	0.05%	0.23%	0.05%
ARCT	F	0.02%	0.03%	0.02%
ARWR	D	0.04%	0.18%	0.04%
AVXL	C	0.06%	0.04%	0.04%
AXSM	B	0.22%	0.29%	0.22%
BBIO	F	0.03%	0.33%	0.03%
BCRX	D	0.11%	0.11%	0.11%
BEAM	C	0.05%	0.14%	0.05%
BPMC	C	0.13%	0.43%	0.13%
CGEM	F	0.03%	0.06%	0.03%
CRSP	D	0.02%	0.3%	0.02%
CYTK	D	0.11%	0.44%	0.11%
DAWN	D	0.04%	0.11%	0.04%
DNLI	C	0.2%	0.28%	0.2%
DVAX	C	0.09%	0.11%	0.09%
DYN	F	0.02%	0.2%	0.02%
ERAS	C	0.02%	0.06%	0.02%
EXEL	B	0.24%	0.68%	0.24%
EYPT	D	0.07%	0.04%	0.04%
FOLD	F	0.05%	0.22%	0.05%
GH	B	0.19%	0.24%	0.19%
HALO	F	0.24%	0.51%	0.24%
INSM	C	0.1%	0.82%	0.1%
INVA	C	0.09%	0.08%	0.08%
IONS	F	0.14%	0.38%	0.14%
IRWD	F	0.02%	0.05%	0.02%
ITCI	B	0.06%	0.64%	0.06%
JANX	C	0.03%	0.19%	0.03%
LGND	C	0.09%	0.16%	0.09%
MDGL	C	0.11%	0.51%	0.11%
MEDP	D	0.38%	0.73%	0.38%
NTLA	F	0.01%	0.11%	0.01%
NUVL	D	0.13%	0.37%	0.13%
PCVX	D	0.09%	0.77%	0.09%
PGEN	F	0.01%	0.02%	0.01%
PTCT	C	0.02%	0.22%	0.02%
RGNX	D	0.03%	0.04%	0.03%
ROIV	D	0.01%	0.58%	0.01%
RVMD	B	0.04%	0.66%	0.04%
SANA	F	0.04%	0.05%	0.04%
SNDX	F	0.02%	0.12%	0.02%
SPRY	C	0.03%	0.1%	0.03%
SRPT	F	0.2%	0.77%	0.2%
SUPN	B	0.03%	0.13%	0.03%
SWTX	C	0.01%	0.16%	0.01%
TARS	C	0.05%	0.12%	0.05%
UTHR	C	0.38%	1.2%	0.38%
VCEL	A	0.03%	0.16%	0.03%
VCYT	B	0.18%	0.19%	0.18%
VERA	C	0.09%	0.18%	0.09%
VIR	F	0.08%	0.09%	0.08%
VNDA	C	0.03%	0.02%	0.02%
XNCR	B	0.15%	0.1%	0.1%

SMLF Overweight 750 Positions Relative to BIB

Symbol	Grade	Weight
APP	A	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	A	0.73%
DECK	A	0.72%
AXON	A	0.66%
SFM	A	0.6%
ALSN	B	0.56%
NTNX	B	0.56%
JBL	C	0.55%
BPOP	C	0.53%
MANH	D	0.5%
SLG	B	0.49%
MLI	B	0.49%
RS	B	0.49%
NVT	C	0.49%
CVNA	A	0.46%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	A	0.43%
WSM	D	0.42%
PCOR	C	0.42%
CSL	C	0.41%
COOP	B	0.41%
LPX	B	0.41%
IOT	A	0.41%
VNO	C	0.41%
ORI	A	0.41%
JEF	A	0.4%
HRB	D	0.4%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
EWBC	A	0.39%
POWL	C	0.38%
DKS	D	0.38%
BRX	A	0.37%
AM	A	0.37%
WING	D	0.36%
CNM	C	0.36%
WFRD	F	0.35%
CR	A	0.35%
AYI	B	0.35%
PIPR	B	0.34%
CAVA	C	0.34%
WK	C	0.34%
LAMR	D	0.33%
JHG	B	0.31%
HSII	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	B	0.31%
FR	C	0.31%
SOLV	F	0.31%
MAC	A	0.31%
DDS	B	0.31%
THC	C	0.31%
TPR	B	0.3%
SPXC	A	0.3%
CORT	C	0.3%
ANF	C	0.3%
CHE	F	0.3%
GGG	B	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	A	0.29%
PSTG	F	0.29%
PRI	A	0.28%
R	B	0.28%
AGO	A	0.27%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
SIG	C	0.26%
GPK	D	0.26%
AMH	C	0.25%
OVV	C	0.25%
MOD	A	0.25%
HURN	B	0.25%
CFR	B	0.25%
TPX	B	0.24%
CPRX	C	0.24%
CBSH	A	0.24%
TREX	D	0.24%
RMBS	C	0.24%
AN	D	0.24%
SKT	A	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	F	0.23%
GAP	D	0.23%
LSCC	D	0.23%
AMG	C	0.23%
YOU	D	0.23%
UFPI	C	0.23%
EXLS	B	0.23%
BCC	C	0.22%
SANM	B	0.22%
GPI	B	0.22%
APA	F	0.22%
RPM	B	0.22%
WS	B	0.22%
COKE	C	0.22%
MATX	B	0.21%
RNR	C	0.21%
AR	B	0.21%
TOST	A	0.21%
BLD	F	0.21%
AZPN	A	0.21%
ETSY	D	0.2%
LIVN	D	0.2%
RDDT	A	0.2%
XRAY	D	0.2%
ELF	C	0.2%
ATKR	D	0.2%
RRX	B	0.2%
AGCO	F	0.2%
DTM	A	0.2%
BBWI	C	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	D	0.19%
M	D	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
CROX	F	0.19%
NAVI	F	0.19%
ACM	B	0.19%
MUR	F	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	B	0.18%
PRGS	B	0.18%
KNSL	B	0.18%
XRX	F	0.18%
ARW	F	0.18%
TDOC	D	0.18%
NDSN	D	0.18%
ESAB	C	0.18%
USFD	A	0.18%
HIW	D	0.18%
OC	A	0.18%
GLPI	C	0.18%
FROG	C	0.18%
DCI	B	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
TKR	F	0.17%
LNW	F	0.17%
BRC	C	0.17%
LNTH	F	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	A	0.17%
RHI	C	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
BL	C	0.16%
BMI	C	0.16%
BJ	B	0.16%
WTM	A	0.16%
SLM	B	0.16%
LRN	A	0.16%
CVCO	A	0.16%
TOL	B	0.16%
GME	C	0.16%
TNL	B	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	C	0.16%
OMF	A	0.16%
PGRE	D	0.16%
KFRC	D	0.16%
GATX	B	0.15%
LBTYA	F	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
HOG	F	0.15%
ONON	B	0.15%
GES	F	0.15%
RL	C	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	B	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	B	0.15%
AMR	C	0.14%
UMBF	B	0.14%
RGLD	C	0.14%
ATI	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
NOVT	D	0.14%
PI	D	0.14%
CMC	B	0.14%
BRKR	F	0.14%
NJR	A	0.14%
ENSG	D	0.14%
UA	C	0.14%
TTC	F	0.14%
YEXT	B	0.14%
PCTY	B	0.14%
SCI	A	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	D	0.14%
TPH	D	0.14%
BLKB	B	0.13%
VMEO	C	0.13%
THO	C	0.13%
IPAR	C	0.13%
NFG	A	0.13%
TNET	F	0.13%
ACCO	B	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	A	0.13%
GOLF	B	0.13%
RYAN	B	0.13%
KAI	B	0.13%
BDN	C	0.13%
QLYS	C	0.13%
SFBS	B	0.13%
FYBR	C	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
INSP	F	0.12%
AROC	A	0.12%
AWR	A	0.12%
SAIA	C	0.12%
KBR	F	0.12%
GEO	A	0.12%
BASE	C	0.12%
SATS	C	0.12%
ACLS	F	0.12%
NYT	D	0.12%
OGE	A	0.12%
GFF	B	0.12%
BKE	B	0.12%
WH	B	0.12%
KRC	C	0.12%
WEN	C	0.12%
NOV	D	0.12%
AIT	B	0.12%
CBT	C	0.12%
BSY	D	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	B	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	D	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	A	0.11%
CUBE	C	0.11%
MFA	D	0.11%
HTH	B	0.11%
CRUS	F	0.11%
CARG	B	0.11%
SPSC	F	0.11%
BAND	D	0.11%
ODP	F	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
NSP	F	0.11%
KW	B	0.1%
MTRN	C	0.1%
ASB	B	0.1%
CHDN	C	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	C	0.1%
UGI	C	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
LSTR	D	0.1%
NNN	C	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	D	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	F	0.1%
AGM	B	0.1%
WAL	B	0.1%
KLIC	C	0.1%
BERY	D	0.1%
WMS	F	0.1%
VRNS	D	0.1%
HIMS	C	0.1%
EEFT	C	0.09%
VSH	F	0.09%
CXT	C	0.09%
MTSI	B	0.09%
WSC	F	0.09%
PHIN	B	0.09%
JACK	D	0.09%
MRC	B	0.09%
MTN	C	0.09%
HEES	C	0.09%
ATEN	A	0.09%
APG	C	0.09%
PBH	A	0.09%
HI	C	0.09%
CAR	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
PLNT	A	0.09%
EGP	D	0.09%
BC	D	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
TMHC	B	0.09%
OHI	B	0.09%
MTG	D	0.09%
COUR	F	0.09%
UPBD	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
WEX	F	0.09%
CUBI	C	0.09%
SON	F	0.09%
CRS	A	0.09%
EXPO	D	0.09%
VC	F	0.08%
FIVN	C	0.08%
TENB	D	0.08%
LILA	F	0.08%
OPCH	F	0.08%
HWC	B	0.08%
CVLT	B	0.08%
FLR	B	0.08%
RGEN	F	0.08%
PEGA	B	0.08%
OZK	B	0.08%
CAL	F	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	B	0.08%
OSCR	C	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%
CACC	F	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	F	0.08%
AGX	B	0.08%
CUZ	B	0.08%
KSS	F	0.08%
CARS	C	0.08%
MIDD	D	0.08%
BDC	B	0.08%
ALV	C	0.08%
CSWI	A	0.08%
CNMD	C	0.07%
AFRM	A	0.07%
UNIT	B	0.07%
CLH	C	0.07%
EQC	A	0.07%
DH	F	0.07%
HASI	F	0.07%
AMRX	C	0.07%
PEN	B	0.07%
WYNN	D	0.07%
MATV	F	0.07%
VAC	C	0.07%
RIG	D	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	B	0.07%
FLNC	C	0.07%
WLY	B	0.07%
NBR	D	0.07%
EPAC	B	0.07%
NTB	B	0.07%
GKOS	A	0.07%
DOMO	C	0.07%
GCO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SM	C	0.07%
TXRH	B	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
NXST	C	0.07%
WNC	D	0.07%
NVST	C	0.06%
CC	D	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	B	0.06%
COTY	F	0.06%
S	B	0.06%
FN	B	0.06%
TNC	F	0.06%
NXT	D	0.06%
ILPT	D	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	A	0.06%
STWD	C	0.06%
MCY	B	0.06%
CTBI	B	0.06%
MPW	F	0.06%
BRBR	A	0.06%
VKTX	F	0.06%
RUSHA	B	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
FLO	D	0.06%
RDN	D	0.06%
WTTR	A	0.06%
CASY	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%
APPF	C	0.06%
AZEK	B	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
KD	A	0.06%
MED	F	0.06%
AVAV	C	0.05%
ITGR	B	0.05%
SNV	B	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	B	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	0.05%
SITE	D	0.05%
CERS	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	D	0.05%
SMTC	C	0.05%
ZIP	D	0.05%
VNT	C	0.05%
THR	B	0.05%
WBS	A	0.05%
LFUS	D	0.05%
ASAN	C	0.05%
WBA	F	0.05%
PK	D	0.05%
MDXG	A	0.05%
WGO	D	0.05%
LECO	C	0.05%
CENTA	C	0.05%
FCN	F	0.04%
MAN	F	0.04%
HPP	F	0.04%
STAG	D	0.04%
MDU	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
KREF	D	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	D	0.04%
TPB	A	0.04%
SAH	B	0.04%
NATL	B	0.04%
HELE	C	0.04%
KLG	D	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
ROKU	D	0.04%
BILL	B	0.04%
CFFN	B	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	F	0.04%
IBP	F	0.04%
NHI	D	0.04%
ACHC	F	0.04%
HSTM	A	0.04%
MMS	D	0.04%
FHN	A	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	C	0.04%
RCUS	F	0.04%
SWIM	D	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	B	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
CHRD	F	0.03%
FL	F	0.03%
EVTC	B	0.03%
NX	C	0.03%
EMBC	D	0.03%
DNB	B	0.03%
TGTX	B	0.03%
QXO	C	0.03%
OFIX	B	0.03%
XHR	B	0.03%
CIEN	B	0.03%
VIRT	A	0.03%
QDEL	F	0.03%
REVG	B	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	A	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
MGNI	A	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	F	0.03%
VITL	D	0.03%
IVR	D	0.03%
TCBI	B	0.03%
RPD	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RLI	A	0.03%
RKT	F	0.03%
UVE	A	0.03%
NRC	F	0.03%
OI	D	0.03%
OLED	F	0.03%
BKD	F	0.03%
CVI	D	0.03%
RXT	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	C	0.02%
SLVM	C	0.02%
OSIS	A	0.02%
MSM	D	0.02%
TSE	F	0.02%
KVYO	D	0.02%
UNFI	B	0.02%
OMER	B	0.02%
VSTS	F	0.02%
BRY	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	C	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	D	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DAN	F	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
NUS	C	0.02%
EPR	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
FSS	B	0.02%
WTFC	B	0.02%
MTW	C	0.02%
DY	C	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	D	0.02%
PR	B	0.02%
RLJ	C	0.02%
PBF	D	0.02%
TLRY	F	0.02%
SITC	D	0.02%
SVC	F	0.02%
TWO	D	0.02%
CNDT	D	0.02%
OPEN	F	0.02%
WD	D	0.02%
GIII	D	0.02%
USNA	C	0.02%
LANC	D	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
ALGM	F	0.01%
VAL	F	0.01%
DINO	D	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	F	0.01%
JAMF	F	0.01%
PCH	D	0.01%
EPC	F	0.01%
SFIX	B	0.01%
POWI	D	0.01%
FLWS	F	0.01%
TDC	D	0.01%
XPRO	F	0.01%
MBC	F	0.01%
BIGC	C	0.01%
MLAB	F	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	C	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
BKH	A	0.01%
CRAI	B	0.01%
SWI	B	0.01%
MITK	D	0.01%
VRE	A	0.01%
TR	B	0.01%
TTGT	B	0.01%
SWX	A	0.01%
HCAT	C	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	C	0.01%
HQY	A	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
CAKE	B	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GEF	B	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	D	0.01%
KALU	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
BYD	B	0.01%
UPWK	C	0.01%
HXL	F	0.01%
NFBK	B	0.01%
SHO	D	0.01%
AEIS	B	0.01%
MAGN	F	0.0%
BFH	B	0.0%
MC	B	0.0%
SEE	D	0.0%
CHCO	B	0.0%
GDOT	D	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
FULT	B	0.0%
EIG	B	0.0%
JXN	C	0.0%
BOH	B	0.0%
DEI	B	0.0%
TRMK	B	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	B	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
PRDO	B	0.0%
BKU	A	0.0%
CMA	B	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 135 Positions Relative to BIB

Symbol	Grade	Weight
GILD	C	-6.83%
VRTX	D	-5.59%
AMGN	D	-5.32%
REGN	F	-3.84%
AZN	F	-2.52%
ALNY	D	-2.34%
BIIB	F	-1.69%
ILMN	C	-1.65%
MRNA	F	-1.29%
ARGX	B	-1.27%
INCY	C	-1.06%
VTRS	A	-1.05%
SMMT	D	-1.02%
SNY	F	-1.01%
BMRN	F	-0.85%
NBIX	C	-0.84%
RPRX	F	-0.79%
BNTX	C	-0.71%
BGNE	D	-0.61%
ASND	F	-0.49%
JAZZ	C	-0.49%
RNA	C	-0.37%
KRYS	C	-0.36%
CRNX	C	-0.32%
RARE	F	-0.31%
IMVT	F	-0.29%
RYTM	C	-0.26%
MRUS	F	-0.25%
IOVA	F	-0.25%
XENE	D	-0.23%
KYMR	C	-0.22%
EWTX	C	-0.22%
LEGN	F	-0.22%
AGIO	C	-0.21%
PTGX	D	-0.19%
TWST	F	-0.18%
VRNA	B	-0.18%
KROS	D	-0.17%
IDYA	F	-0.17%
GERN	F	-0.17%
SRRK	B	-0.15%
MNKD	B	-0.14%
IRON	C	-0.13%
ARVN	F	-0.13%
RXRX	D	-0.13%
NVCR	D	-0.13%
MIRM	C	-0.13%
HRMY	F	-0.13%
NRIX	C	-0.12%
HROW	D	-0.12%
WVE	C	-0.12%
RCKT	F	-0.11%
MYGN	F	-0.11%
FTRE	D	-0.11%
OCUL	C	-0.11%
NVAX	F	-0.1%
ARDX	F	-0.1%
ZLAB	C	-0.1%
IMCR	C	-0.09%
TVTX	C	-0.09%
KURA	F	-0.09%
ELVN	C	-0.09%
CNTA	B	-0.08%
GRFS	C	-0.08%
AUPH	C	-0.08%
ARQT	C	-0.08%
ANIP	D	-0.08%
PHAT	F	-0.08%
ETNB	D	-0.07%
COGT	D	-0.07%
MRVI	F	-0.07%
COLL	F	-0.07%
ADPT	C	-0.06%
REPL	C	-0.06%
EOLS	F	-0.06%
BCYC	F	-0.06%
CSTL	C	-0.06%
PLRX	D	-0.06%
PRTA	F	-0.06%
GMAB	F	-0.06%
YMAB	F	-0.05%
ORIC	F	-0.05%
MLYS	D	-0.05%
ABUS	D	-0.05%
OLMA	F	-0.05%
ABCL	C	-0.05%
AUTL	F	-0.05%
PCRX	C	-0.05%
RLAY	F	-0.05%
OABI	D	-0.04%
VERV	D	-0.04%
SIGA	F	-0.04%
ALEC	F	-0.04%
GLPG	F	-0.04%
THRD	C	-0.04%
HCM	F	-0.04%
RVNC	F	-0.04%
HUMA	F	-0.04%
CVAC	F	-0.04%
SVRA	F	-0.04%
ALLO	F	-0.04%
PACB	D	-0.04%
SAGE	F	-0.03%
VYGR	F	-0.03%
TBPH	B	-0.03%
FDMT	F	-0.03%
LXRX	F	-0.03%
PAHC	B	-0.03%
KALV	F	-0.03%
PRME	F	-0.03%
TERN	F	-0.03%
XERS	C	-0.03%
URGN	F	-0.03%
MGTX	C	-0.03%
ATAI	B	-0.02%
AMRN	F	-0.02%
CRBU	D	-0.02%
EDIT	F	-0.02%
ZNTL	D	-0.02%
MGNX	D	-0.02%
TSHA	D	-0.02%
BMEA	F	-0.02%
LYEL	F	-0.02%
ACIU	D	-0.02%
ITOS	F	-0.02%
QURE	C	-0.02%
ALXO	F	-0.01%
OVID	D	-0.01%
CHRS	F	-0.01%
RAPT	F	-0.01%
VTYX	F	-0.01%
ACRS	B	-0.01%
FULC	F	-0.01%
CABA	F	-0.01%
BLUE	F	-0.0%