SMLF vs. BSVO ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to EA Bridgeway Omni Small-Cap Value ETF (BSVO)

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

$71.99

Average Daily Volume

70,214

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

BSVO

EA Bridgeway Omni Small-Cap Value ETF

BSVO Description

The fund seeks to achieve its investment objective by investing primarily in a broad and diverse group of small-cap stocks that the Sub-Adviser determines are value stocks. Under normal circumstances, the fund invests 80% of its net assets (plus borrowings for investment purposes) in equity or equity-related securities ("common stocks") of small-cap companies at the time of purchase.

Grade (RS Rating)

Last Trade

$23.14

Average Daily Volume

127,732

Number of Holdings ^*

565

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	BSVO
30 Days	5.32%	3.91%
60 Days	7.23%	3.21%
90 Days	11.12%	6.67%
12 Months	36.98%	23.09%

86 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in BSVO	Overlap
ACCO	B	0.13%	0.18%	0.13%
AGM	B	0.1%	0.44%	0.1%
AMBC	C	0.05%	0.15%	0.05%
AMCX	C	0.06%	0.11%	0.06%
ANF	F	0.3%	0.24%	0.24%
ARCB	C	0.02%	0.02%	0.02%
AROC	A	0.12%	0.1%	0.1%
BFH	B	0.0%	0.8%	0.0%
BKU	A	0.0%	0.6%	0.0%
BRY	F	0.02%	0.11%	0.02%
CAL	F	0.08%	0.31%	0.08%
CASH	B	0.0%	0.01%	0.0%
CEIX	B	0.07%	0.01%	0.01%
CENTA	C	0.05%	0.5%	0.05%
CNDT	C	0.02%	0.22%	0.02%
CTBI	B	0.06%	0.25%	0.06%
DAN	F	0.02%	0.33%	0.02%
DBI	F	0.02%	0.1%	0.02%
DLX	B	0.08%	0.35%	0.08%
DNOW	B	0.1%	0.52%	0.1%
EGBN	B	0.0%	0.05%	0.0%
EIG	B	0.0%	0.0%	0.0%
ENVA	B	0.01%	0.78%	0.01%
EPC	F	0.01%	0.45%	0.01%
FL	F	0.03%	0.61%	0.03%
FLWS	D	0.01%	0.19%	0.01%
GCO	C	0.07%	0.12%	0.07%
GDOT	D	0.0%	0.13%	0.0%
GES	F	0.15%	0.29%	0.15%
GIII	F	0.02%	0.45%	0.02%
HCC	B	0.06%	0.76%	0.06%
HOV	D	0.1%	0.32%	0.1%
HSII	B	0.31%	0.3%	0.3%
HTH	C	0.11%	0.41%	0.11%
IMKTA	C	0.24%	0.3%	0.24%
INVA	D	0.09%	0.13%	0.09%
JELD	F	0.02%	0.28%	0.02%
KALU	C	0.01%	0.28%	0.01%
KRNY	B	0.02%	0.09%	0.02%
KSS	F	0.08%	0.45%	0.08%
LILA	D	0.08%	0.08%	0.08%
LOVE	A	0.11%	0.1%	0.1%
LPG	F	0.04%	0.41%	0.04%
MATV	F	0.07%	0.18%	0.07%
MCB	B	0.11%	0.16%	0.11%
MCY	B	0.06%	0.05%	0.05%
MERC	F	0.05%	0.12%	0.05%
MRC	B	0.09%	0.29%	0.09%
MTW	C	0.02%	0.12%	0.02%
NAVI	F	0.19%	0.45%	0.19%
NFBK	B	0.01%	0.11%	0.01%
NTB	B	0.07%	0.33%	0.07%
NTCT	C	0.11%	0.06%	0.06%
NX	C	0.03%	0.34%	0.03%
ODP	F	0.11%	0.3%	0.11%
OFG	B	0.0%	0.16%	0.0%
OIS	B	0.01%	0.12%	0.01%
OMI	F	0.04%	0.27%	0.04%
OPEN	F	0.02%	0.36%	0.02%
OSUR	F	0.01%	0.1%	0.01%
PFBC	B	0.0%	0.29%	0.0%
PHIN	A	0.09%	0.78%	0.09%
PRDO	B	0.0%	0.59%	0.0%
QRTEA	F	0.02%	0.01%	0.01%
REVG	B	0.03%	0.0%	0.0%
RYI	C	0.03%	0.32%	0.03%
SAH	B	0.04%	0.0%	0.0%
SATS	D	0.12%	0.45%	0.12%
SCS	B	0.08%	0.49%	0.08%
SFL	D	0.06%	0.48%	0.06%
SRCE	B	0.16%	0.37%	0.16%
SWIM	C	0.03%	0.13%	0.03%
TDS	B	0.04%	0.84%	0.04%
TGNA	B	0.09%	0.72%	0.09%
TRMK	B	0.0%	0.48%	0.0%
UNFI	A	0.02%	0.27%	0.02%
UVE	A	0.03%	0.16%	0.03%
VIR	F	0.08%	0.15%	0.08%
VNDA	C	0.03%	0.06%	0.03%
VSTO	A	0.14%	0.77%	0.14%
WAFD	B	0.12%	0.51%	0.12%
WGO	D	0.05%	0.5%	0.05%
WNC	D	0.07%	0.23%	0.07%
WOOF	D	0.02%	0.11%	0.02%
WTTR	A	0.06%	0.55%	0.06%
XRX	F	0.18%	0.31%	0.18%

SMLF Overweight 724 Positions Relative to BSVO

Symbol	Grade	Weight
APP	B	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	B	0.73%
DECK	A	0.72%
AXON	A	0.66%
SFM	B	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	B	0.46%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	A	0.43%
WSM	C	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%
UTHR	C	0.38%
DKS	D	0.38%
MEDP	F	0.38%
BRX	A	0.37%
AM	A	0.37%
WING	F	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%
WSO	A	0.31%
ITT	B	0.31%
FLEX	A	0.31%
FR	D	0.31%
SOLV	F	0.31%
MAC	A	0.31%
DDS	B	0.31%
THC	C	0.31%
TPR	B	0.3%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	B	0.3%
CHE	D	0.3%
GGG	B	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	B	0.29%
PSTG	F	0.29%
PRI	B	0.28%
R	B	0.28%
AGO	A	0.27%
INTA	A	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	B	0.25%
MOD	B	0.25%
HURN	B	0.25%
CFR	B	0.25%
TPX	B	0.24%
CPRX	C	0.24%
CBSH	B	0.24%
TREX	C	0.24%
RMBS	C	0.24%
AN	D	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	F	0.23%
GAP	D	0.23%
LSCC	F	0.23%
AMG	B	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%
AXSM	B	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%
SRPT	F	0.2%
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%
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	D	0.19%
M	F	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
CROX	F	0.19%
ACM	B	0.19%
GH	B	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	A	0.18%
PRGS	B	0.18%
KNSL	B	0.18%
ARW	D	0.18%
TDOC	C	0.18%
NDSN	C	0.18%
VCYT	B	0.18%
ESAB	B	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	D	0.17%
ACLX	C	0.17%
TKR	F	0.17%
LNW	F	0.17%
BRC	C	0.17%
LNTH	C	0.17%
PDM	D	0.17%
PRG	B	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%
ALLE	D	0.16%
BL	C	0.16%
BMI	B	0.16%
BJ	B	0.16%
WTM	A	0.16%
SLM	A	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	A	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	F	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
HOG	F	0.15%
ONON	B	0.15%
XNCR	B	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%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
NOVT	D	0.14%
IONS	F	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	B	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	D	0.14%
TPH	D	0.14%
BLKB	C	0.13%
VMEO	B	0.13%
BPMC	C	0.13%
THO	C	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	B	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%
NUVL	D	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
INSP	F	0.12%
AWR	B	0.12%
SAIA	C	0.12%
KBR	F	0.12%
GEO	A	0.12%
BASE	C	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	C	0.12%
WEN	D	0.12%
NOV	C	0.12%
AIT	B	0.12%
CBT	C	0.12%
BSY	D	0.12%
WTS	B	0.12%
FHI	B	0.11%
CYTK	D	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%
CUBE	D	0.11%
MFA	D	0.11%
ACAD	C	0.11%
CRUS	F	0.11%
CARG	B	0.11%
SPSC	D	0.11%
BAND	D	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	C	0.11%
MDGL	C	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	C	0.1%
MTRN	C	0.1%
ASB	B	0.1%
CHDN	B	0.1%
HP	C	0.1%
ACA	A	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	C	0.1%
CRDO	C	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%
SYNA	D	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	F	0.1%
WAL	B	0.1%
KLIC	C	0.1%
BERY	C	0.1%
INSM	C	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%
JACK	D	0.09%
MTN	C	0.09%
PCVX	D	0.09%
HEES	C	0.09%
ATEN	A	0.09%
APG	C	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%
BC	F	0.09%
ALIT	C	0.09%
TMHC	C	0.09%
OHI	C	0.09%
MTG	C	0.09%
COUR	F	0.09%
UPBD	C	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
WEX	F	0.09%
CUBI	C	0.09%
SON	D	0.09%
CRS	A	0.09%
EXPO	D	0.09%
VC	F	0.08%
FIVN	C	0.08%
TENB	D	0.08%
OPCH	F	0.08%
HWC	B	0.08%
CVLT	A	0.08%
FLR	B	0.08%
RGEN	D	0.08%
PEGA	B	0.08%
OZK	B	0.08%
ELAN	D	0.08%
MKSI	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%
CACC	D	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	F	0.08%
AGX	B	0.08%
CUZ	B	0.08%
CARS	C	0.08%
MIDD	D	0.08%
BDC	B	0.08%
ALV	C	0.08%
CSWI	B	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%
EYPT	D	0.07%
WYNN	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	C	0.07%
WLY	B	0.07%
NBR	D	0.07%
EPAC	B	0.07%
GKOS	A	0.07%
DOMO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SM	C	0.07%
TXRH	B	0.07%
SNEX	A	0.07%
NARI	C	0.07%
NXST	D	0.07%
NVST	C	0.06%
CC	C	0.06%
AVXL	B	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	B	0.06%
COTY	F	0.06%
S	C	0.06%
FN	C	0.06%
TNC	F	0.06%
NXT	C	0.06%
ILPT	F	0.06%
HWKN	B	0.06%
CNX	A	0.06%
TRN	B	0.06%
STWD	C	0.06%
MPW	F	0.06%
BRBR	A	0.06%
ITCI	B	0.06%
VKTX	F	0.06%
RUSHA	B	0.06%
FUN	B	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%
CASY	A	0.06%
IRTC	C	0.06%
RYN	D	0.06%
ADEA	D	0.06%
BCO	F	0.06%
AIV	C	0.06%
ADMA	B	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	D	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
SNV	B	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	A	0.05%
BEAM	D	0.05%
SITE	F	0.05%
CERS	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
PATH	C	0.05%
HOUS	D	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%
WBS	A	0.05%
APLS	F	0.05%
LFUS	D	0.05%
ASAN	C	0.05%
WBA	F	0.05%
PK	D	0.05%
MDXG	B	0.05%
LECO	C	0.05%
ARWR	D	0.04%
FCN	D	0.04%
MAN	F	0.04%
HPP	F	0.04%
STAG	D	0.04%
MDU	D	0.04%
DAWN	D	0.04%
CORZ	A	0.04%
PFSI	D	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
PRGO	C	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	D	0.04%
SANA	F	0.04%
TPB	A	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	B	0.04%
KLG	D	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	B	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	D	0.04%
FHN	B	0.04%
BCPC	B	0.04%
IOSP	C	0.04%
RCUS	F	0.04%
JANX	C	0.03%
AXTA	B	0.03%
GMED	A	0.03%
ALHC	C	0.03%
VIAV	C	0.03%
ALRM	C	0.03%
RDFN	F	0.03%
ADT	B	0.03%
MOG.A	B	0.03%
LTH	D	0.03%
CHRD	F	0.03%
SUPN	B	0.03%
RGNX	D	0.03%
EVTC	C	0.03%
VCEL	A	0.03%
EMBC	C	0.03%
DNB	A	0.03%
TGTX	B	0.03%
BBIO	F	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%
SNBR	F	0.03%
CHWY	B	0.03%
IESC	B	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	D	0.03%
MGNI	B	0.03%
HNI	A	0.03%
AMN	F	0.03%
ACCD	F	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	D	0.03%
TCBI	B	0.03%
RPD	C	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RLI	A	0.03%
RKT	F	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%
ERAS	C	0.02%
SSB	B	0.02%
CACI	D	0.02%
SLVM	B	0.02%
OSIS	A	0.02%
MSM	D	0.02%
TSE	F	0.02%
KVYO	D	0.02%
ARCT	F	0.02%
OMER	B	0.02%
VSTS	F	0.02%
DYN	D	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	C	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	D	0.02%
EDR	A	0.02%
DOCN	D	0.02%
ALAB	A	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%
IRWD	F	0.02%
FSS	B	0.02%
WTFC	B	0.02%
DY	D	0.02%
LMAT	A	0.02%
CLVT	D	0.02%
PR	B	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	D	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	C	0.02%
PTCT	B	0.02%
USNA	C	0.02%
LANC	D	0.02%
PDCO	F	0.02%
CALX	F	0.02%
CWK	C	0.01%
ALGM	F	0.01%
VAL	F	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	F	0.01%
JAMF	F	0.01%
PCH	D	0.01%
SFIX	B	0.01%
POWI	D	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	B	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%
NTLA	F	0.01%
VRE	A	0.01%
TR	B	0.01%
ROIV	D	0.01%
TTGT	C	0.01%
SWX	A	0.01%
HCAT	F	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
HQY	A	0.01%
HMST	F	0.01%
AXS	A	0.01%
CAKE	B	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	A	0.01%
BSIG	A	0.01%
GEF	A	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%
HAIN	D	0.01%
SWTX	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
BYD	B	0.01%
UPWK	C	0.01%
HXL	F	0.01%
SHO	D	0.01%
AEIS	B	0.01%
MAGN	F	0.0%
MC	B	0.0%
SEE	D	0.0%
CHCO	B	0.0%
NBTB	B	0.0%
FULT	B	0.0%
JXN	C	0.0%
BOH	B	0.0%
DEI	A	0.0%
GNW	A	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
CMA	B	0.0%
AX	B	0.0%

SMLF Underweight 479 Positions Relative to BSVO

Symbol	Grade	Weight
SKYW	B	-0.97%
TTMI	B	-0.87%
CRGY	A	-0.84%
NMRK	C	-0.77%
GPOR	A	-0.76%
PATK	C	-0.73%
GOGL	D	-0.72%
SPNT	A	-0.68%
GBX	B	-0.66%
PINC	B	-0.65%
TALO	C	-0.64%
PTVE	B	-0.64%
FRME	B	-0.6%
BHE	B	-0.59%
JBLU	F	-0.59%
MLKN	F	-0.57%
BV	C	-0.57%
AMWD	B	-0.56%
INDB	B	-0.56%
FFBC	B	-0.56%
ZD	B	-0.56%
WKC	C	-0.55%
SFNC	B	-0.55%
FDP	A	-0.55%
VYX	B	-0.55%
CMRE	B	-0.54%
FBK	B	-0.52%
ANDE	F	-0.51%
TPC	C	-0.5%
TROX	D	-0.49%
RNST	B	-0.47%
HTLF	B	-0.47%
MSGE	F	-0.47%
FOR	F	-0.47%
DOLE	D	-0.46%
EFSC	B	-0.46%
BANR	B	-0.45%
IBTX	B	-0.45%
HMN	B	-0.44%
WSBC	B	-0.44%
AHCO	D	-0.43%
WLFC	C	-0.43%
SCSC	B	-0.42%
ATSG	A	-0.42%
STC	B	-0.41%
ADNT	F	-0.41%
ALGT	C	-0.4%
DK	D	-0.4%
PLAB	C	-0.4%
AAP	D	-0.4%
NBHC	B	-0.39%
SXC	A	-0.38%
LILAK	D	-0.38%
QCRH	B	-0.38%
STBA	B	-0.37%
BXC	B	-0.37%
VTLE	C	-0.37%
HOPE	B	-0.37%
INSW	F	-0.37%
TOWN	B	-0.35%
PFS	B	-0.35%
ADV	C	-0.35%
BUSE	B	-0.34%
PARR	F	-0.34%
BZH	C	-0.34%
RES	D	-0.34%
NWBI	B	-0.33%
PEBO	B	-0.32%
BLX	B	-0.32%
SCVL	F	-0.32%
BY	B	-0.32%
ULH	B	-0.32%
RBCAA	B	-0.31%
GNK	C	-0.3%
ASIX	B	-0.3%
GCI	D	-0.3%
VBTX	B	-0.29%
HLX	B	-0.29%
AMAL	B	-0.28%
BHLB	B	-0.28%
SASR	B	-0.28%
MD	C	-0.27%
PUMP	D	-0.27%
ECPG	C	-0.27%
SBH	B	-0.27%
ACDC	C	-0.26%
KOP	C	-0.26%
SCHL	F	-0.26%
VHI	D	-0.25%
BANC	B	-0.25%
GHLD	F	-0.25%
CNOB	B	-0.25%
EZPW	A	-0.25%
PCRX	C	-0.24%
MHO	D	-0.24%
MTUS	D	-0.24%
SPFI	B	-0.23%
MCS	B	-0.23%
UTI	B	-0.23%
SMP	C	-0.23%
SNCY	C	-0.22%
DAKT	B	-0.22%
REX	D	-0.22%
NTGR	B	-0.22%
FBMS	B	-0.22%
LZB	B	-0.22%
AXL	C	-0.22%
EQBK	B	-0.21%
FBNC	B	-0.21%
HTLD	C	-0.21%
RYAM	C	-0.21%
ETWO	F	-0.21%
HFWA	B	-0.2%
OBK	B	-0.2%
IBCP	B	-0.2%
KELYA	F	-0.2%
RPAY	D	-0.2%
BRKL	B	-0.2%
SPTN	F	-0.2%
NVRI	D	-0.19%
HNRG	B	-0.19%
UVSP	B	-0.19%
ORRF	B	-0.19%
CPF	B	-0.18%
SBSI	B	-0.18%
EGY	F	-0.18%
CLW	F	-0.18%
VEL	A	-0.18%
TCBK	B	-0.17%
FMBH	B	-0.17%
WRLD	D	-0.17%
CFB	B	-0.17%
HAFC	B	-0.17%
MODG	F	-0.17%
MBWM	B	-0.17%
OCFC	B	-0.17%
TRST	B	-0.17%
NR	B	-0.17%
PFIS	B	-0.16%
CBNK	B	-0.16%
BSRR	C	-0.16%
SMBK	B	-0.16%
RDUS	C	-0.16%
CVEO	D	-0.16%
TIPT	B	-0.16%
HPK	C	-0.16%
ASC	D	-0.16%
ECVT	C	-0.16%
PFC	B	-0.16%
DCOM	A	-0.16%
VREX	B	-0.15%
ACNB	B	-0.15%
THFF	B	-0.15%
SB	F	-0.15%
ZEUS	C	-0.15%
NWPX	A	-0.15%
HBNC	B	-0.14%
USM	B	-0.14%
QUAD	C	-0.14%
PACK	B	-0.14%
TWI	F	-0.14%
PANL	F	-0.14%
OSBC	A	-0.14%
NGS	A	-0.14%
BFST	B	-0.14%
LOCO	D	-0.14%
FBIZ	A	-0.14%
EBTC	B	-0.14%
ALRS	D	-0.13%
RNGR	A	-0.13%
CCNE	B	-0.13%
LSEA	F	-0.13%
OPY	B	-0.13%
MOFG	B	-0.13%
BGS	F	-0.13%
MNRO	D	-0.13%
TREE	F	-0.12%
MG	F	-0.12%
BBCP	C	-0.12%
FISI	B	-0.12%
PGC	A	-0.12%
UFCS	A	-0.12%
GTN	F	-0.12%
NECB	B	-0.12%
HVT	F	-0.12%
CAC	B	-0.12%
BH	A	-0.12%
WMK	B	-0.12%
VLGEA	C	-0.12%
MOV	D	-0.12%
FSBW	B	-0.11%
HTBK	B	-0.11%
MCFT	C	-0.11%
FFIC	B	-0.11%
FLGT	F	-0.11%
TSBK	A	-0.11%
CENT	C	-0.11%
NRIM	A	-0.11%
APEI	B	-0.11%
CPSS	B	-0.1%
AXR	A	-0.1%
MSBI	B	-0.1%
IPI	B	-0.1%
GLRE	B	-0.1%
HBCP	B	-0.1%
SD	D	-0.1%
ATNI	F	-0.1%
KE	C	-0.1%
UNTY	B	-0.1%
BSVN	A	-0.1%
MEC	F	-0.1%
BHB	B	-0.1%
HONE	B	-0.1%
USAP	B	-0.1%
JAKK	C	-0.1%
VSAT	F	-0.1%
KODK	B	-0.1%
CARE	B	-0.1%
CCRN	F	-0.09%
HRTG	C	-0.09%
RBB	B	-0.09%
SMBC	B	-0.09%
SGC	C	-0.09%
DGICA	A	-0.09%
VTOL	B	-0.09%
RGP	F	-0.09%
METC	C	-0.09%
RLGT	B	-0.09%
WEYS	C	-0.09%
CIVB	B	-0.08%
CENX	B	-0.08%
MPB	B	-0.08%
CSTM	F	-0.08%
TBI	F	-0.08%
ORN	B	-0.08%
PNRG	A	-0.08%
NL	B	-0.08%
ISTR	B	-0.08%
RM	D	-0.08%
FLXS	A	-0.08%
FRBA	D	-0.08%
LE	D	-0.07%
RMAX	D	-0.07%
PKBK	B	-0.07%
FRAF	A	-0.07%
NC	C	-0.07%
REI	F	-0.07%
MEI	F	-0.07%
EVC	C	-0.07%
PCB	B	-0.07%
LFVN	C	-0.07%
CHMG	B	-0.07%
AOSL	D	-0.07%
FF	F	-0.07%
OVLY	B	-0.07%
WSBF	B	-0.07%
OPBK	B	-0.06%
BELFB	D	-0.06%
SWKH	F	-0.06%
HBB	F	-0.06%
LCNB	A	-0.06%
CZWI	A	-0.06%
LINC	C	-0.06%
FSFG	A	-0.06%
PEBK	B	-0.06%
HOFT	C	-0.06%
BCML	B	-0.06%
CFFI	A	-0.06%
CBFV	A	-0.06%
ESSA	B	-0.06%
AVNS	F	-0.06%
CCBG	B	-0.06%
COFS	A	-0.06%
AMPY	F	-0.06%
REPX	A	-0.06%
TCBX	A	-0.06%
WNEB	A	-0.05%
SBFG	A	-0.05%
FVCB	C	-0.05%
BOOM	F	-0.05%
POWW	F	-0.05%
BCBP	B	-0.05%
VRA	D	-0.05%
HWBK	B	-0.05%
OB	B	-0.05%
EML	D	-0.05%
ATLC	A	-0.05%
SHBI	B	-0.05%
THRY	F	-0.05%
ESOA	A	-0.05%
PWOD	A	-0.05%
ZUMZ	C	-0.05%
CCB	A	-0.05%
FLIC	B	-0.05%
FUNC	B	-0.05%
SMHI	F	-0.04%
LCUT	F	-0.04%
MNSB	C	-0.04%
ITOS	F	-0.04%
CHGG	C	-0.04%
BMRC	B	-0.04%
CMT	F	-0.04%
CAAS	B	-0.04%
LDI	D	-0.04%
CIA	B	-0.04%
CBAN	B	-0.04%
SFST	B	-0.04%
JOUT	F	-0.04%
GEOS	C	-0.04%
BWFG	B	-0.04%
ITIC	A	-0.04%
PBFS	A	-0.04%
NNBR	C	-0.04%
HZO	F	-0.04%
RCKY	F	-0.04%
VOXX	D	-0.04%
EBMT	B	-0.03%
OPOF	B	-0.03%
SFBC	C	-0.03%
WHG	B	-0.03%
XBIT	F	-0.03%
ALCO	F	-0.03%
PROV	A	-0.03%
FFWM	C	-0.03%
AVD	C	-0.03%
MX	F	-0.03%
CLAR	F	-0.03%
LMB	A	-0.03%
TUSK	F	-0.03%
COOK	D	-0.03%
NCSM	A	-0.03%
RVSB	B	-0.03%
PHX	A	-0.03%
CTRN	F	-0.03%
MYFW	B	-0.03%
UEIC	B	-0.03%
ACTG	F	-0.03%
FGBI	A	-0.03%
UBFO	A	-0.03%
FFNW	C	-0.03%
RBKB	A	-0.03%
FCAP	D	-0.03%
FRD	F	-0.03%
NGVC	A	-0.03%
EPSN	A	-0.03%
SNFCA	A	-0.03%
MBCN	C	-0.03%
AMRK	D	-0.03%
JRVR	F	-0.03%
SSP	F	-0.03%
TSQ	F	-0.03%
HURC	C	-0.02%
AUBN	B	-0.02%
ONEW	F	-0.02%
WOW	C	-0.02%
TRT	B	-0.02%
SSBK	A	-0.02%
BWB	B	-0.02%
CVGI	F	-0.02%
ASRV	B	-0.02%
GNTY	A	-0.02%
SPWH	F	-0.02%
CATO	B	-0.02%
MVBF	C	-0.02%
TITN	D	-0.02%
AXTI	F	-0.02%
GOCO	C	-0.02%
BOTJ	B	-0.02%
CNTY	B	-0.02%
INBK	B	-0.02%
CBAT	F	-0.02%
FONR	F	-0.02%
VYGR	F	-0.02%
LARK	A	-0.02%
PRLB	B	-0.02%
SND	C	-0.02%
SBT	C	-0.02%
SWBI	D	-0.02%
ALTO	F	-0.02%
FXNC	B	-0.02%
DLTH	D	-0.02%
SGA	F	-0.02%
OPRT	B	-0.02%
FCCO	B	-0.02%
RMBL	B	-0.02%
BDL	F	-0.02%
PKOH	B	-0.02%
TLYS	F	-0.02%
DIT	F	-0.02%
ASRT	D	-0.02%
BSET	C	-0.02%
FINW	A	-0.02%
RRBI	A	-0.01%
CFBK	C	-0.01%
FUSB	A	-0.01%
BRN	F	-0.01%
HNNA	C	-0.01%
LYTS	B	-0.01%
CZFS	B	-0.01%
GTIM	F	-0.01%
GROW	F	-0.01%
NAII	F	-0.01%
GLNG	D	-0.01%
MCBS	B	-0.01%
WYY	B	-0.01%
AE	A	-0.01%
BMTX	A	-0.01%
BRBS	B	-0.01%
NATR	B	-0.01%
LAKE	B	-0.01%
HTBI	B	-0.01%
NTWK	F	-0.01%
NTIP	D	-0.01%
PLBC	A	-0.01%
SCYX	F	-0.01%
BWEN	F	-0.01%
KVHI	B	-0.01%
CSTE	F	-0.01%
ATLO	D	-0.01%
WASH	B	-0.01%
LEGH	D	-0.01%
MFIN	B	-0.01%
OVID	D	-0.01%
ACU	C	-0.01%
UONEK	F	-0.01%
TWIN	F	-0.01%
NODK	A	-0.01%
EVBN	B	-0.01%
FNWB	C	-0.01%
LIVE	F	-0.01%
BCAL	A	-0.01%
STRT	B	-0.01%
FET	F	-0.01%
FRST	B	-0.01%
DXLG	D	-0.01%
FNLC	B	-0.01%
CRWS	D	-0.01%
AZZ	A	-0.01%
ARKR	F	-0.01%
ETD	D	-0.01%
BGFV	F	-0.01%
AOUT	B	-0.01%
UFI	F	-0.01%
GRWG	F	-0.01%
AROW	B	-0.01%
KRO	F	-0.01%
OVBC	A	-0.01%
LC	B	-0.01%
SENEA	A	-0.01%
HDSN	F	-0.0%
CRD.B	C	-0.0%
AAME	D	-0.0%
JRSH	B	-0.0%
PRPH	F	-0.0%
GEG	F	-0.0%
VNCE	F	-0.0%
BHRB	B	-0.0%
DHX	D	-0.0%
AIRTP	B	-0.0%
UNB	A	-0.0%
CMLS	F	-0.0%
CLRO	F	-0.0%
SVT	D	-0.0%
UBCP	D	-0.0%
SIF	D	-0.0%
CARM	F	-0.0%
USEG	B	-0.0%
AMS	F	-0.0%
CIZN	C	-0.0%
TCI	D	-0.0%
CIX	D	-0.0%
KOSS	D	-0.0%
MTEX	B	-0.0%
PED	F	-0.0%
PRTS	C	-0.0%
ULBI	F	-0.0%
VABK	B	-0.0%
PPIH	A	-0.0%
ASUR	C	-0.0%