SMLF vs. CSF ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Compass EMP U.S. Discovery 500 Enhanced Volatility Weighted Fund (CSF)

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

$73.06

Average Daily Volume

71,833

Number of Holdings ^*

810

* 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

$59.14

Average Daily Volume

2,439

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	CSF
30 Days	10.53%	10.14%
60 Days	10.49%	8.80%
90 Days	11.95%	9.66%
12 Months	40.74%	25.01%

250 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in CSF	Overlap
ABG	B	0.15%	0.18%	0.15%
ACA	A	0.1%	0.21%	0.1%
ACAD	D	0.11%	0.1%	0.1%
ACLS	F	0.12%	0.08%	0.08%
ADMA	B	0.06%	0.11%	0.06%
AEIS	B	0.01%	0.18%	0.01%
AEO	F	0.05%	0.15%	0.05%
AGM	C	0.1%	0.2%	0.1%
AGO	B	0.27%	0.29%	0.27%
AGYS	A	0.04%	0.17%	0.04%
AIN	C	0.01%	0.19%	0.01%
ALGM	D	0.01%	0.1%	0.01%
ALKS	B	0.3%	0.17%	0.17%
ALRM	C	0.03%	0.23%	0.03%
ALSN	B	0.56%	0.27%	0.27%
AMG	B	0.23%	0.28%	0.23%
AMN	F	0.03%	0.06%	0.03%
AMPH	D	0.07%	0.14%	0.07%
AMR	C	0.14%	0.11%	0.11%
ANF	C	0.3%	0.1%	0.1%
APPF	B	0.06%	0.13%	0.06%
ARCB	C	0.02%	0.14%	0.02%
AROC	B	0.12%	0.22%	0.12%
ASB	B	0.1%	0.25%	0.1%
ASGN	F	0.01%	0.19%	0.01%
ASH	D	0.07%	0.18%	0.07%
ASO	F	0.06%	0.14%	0.06%
ATI	D	0.14%	0.14%	0.14%
AVAV	D	0.05%	0.12%	0.05%
AVNT	B	0.18%	0.21%	0.18%
AWR	B	0.12%	0.3%	0.12%
AX	A	0.0%	0.19%	0.0%
AXS	A	0.01%	0.31%	0.01%
BANF	B	0.14%	0.23%	0.14%
BC	C	0.09%	0.18%	0.09%
BCC	B	0.22%	0.16%	0.16%
BCO	D	0.06%	0.2%	0.06%
BCPC	B	0.04%	0.26%	0.04%
BDC	B	0.08%	0.2%	0.08%
BFH	B	0.0%	0.14%	0.0%
BKE	B	0.12%	0.21%	0.12%
BKH	A	0.01%	0.31%	0.01%
BKU	A	0.0%	0.17%	0.0%
BL	B	0.16%	0.18%	0.16%
BLKB	B	0.13%	0.21%	0.13%
BMI	B	0.16%	0.2%	0.16%
BOH	B	0.0%	0.23%	0.0%
BOX	B	0.08%	0.21%	0.08%
BRC	D	0.17%	0.26%	0.17%
CAKE	C	0.01%	0.22%	0.01%
CALX	D	0.02%	0.11%	0.02%
CASH	A	0.0%	0.28%	0.0%
CBT	C	0.12%	0.19%	0.12%
CC	C	0.06%	0.1%	0.06%
CEIX	A	0.07%	0.19%	0.07%
CENTA	C	0.05%	0.19%	0.05%
CHCO	B	0.0%	0.28%	0.0%
CHWY	B	0.03%	0.1%	0.03%
CMPR	D	0.1%	0.11%	0.1%
CNMD	C	0.07%	0.14%	0.07%
CNO	A	0.16%	0.27%	0.16%
CNS	B	0.03%	0.2%	0.03%
CNX	A	0.06%	0.34%	0.06%
COOP	B	0.41%	0.24%	0.24%
CORT	B	0.3%	0.16%	0.16%
CPRX	C	0.24%	0.14%	0.14%
CRC	A	0.1%	0.17%	0.1%
CRS	A	0.09%	0.18%	0.09%
CRUS	D	0.11%	0.11%	0.11%
CSWI	A	0.08%	0.27%	0.08%
CVBF	A	0.05%	0.22%	0.05%
CVCO	A	0.16%	0.19%	0.16%
CVI	F	0.03%	0.13%	0.03%
CVLT	B	0.08%	0.17%	0.08%
CVNA	B	0.46%	0.11%	0.11%
CWEN	C	0.15%	0.19%	0.15%
CXT	B	0.09%	0.21%	0.09%
DDS	B	0.31%	0.19%	0.19%
DFIN	D	0.11%	0.2%	0.11%
DOCN	D	0.02%	0.12%	0.02%
DOCS	C	0.15%	0.15%	0.15%
DTM	B	0.2%	0.47%	0.2%
DY	D	0.02%	0.21%	0.02%
EEFT	B	0.09%	0.23%	0.09%
ENR	B	0.01%	0.27%	0.01%
ENS	D	0.04%	0.21%	0.04%
ENVA	B	0.01%	0.23%	0.01%
EPAC	B	0.07%	0.32%	0.07%
EPC	D	0.01%	0.23%	0.01%
ESAB	B	0.18%	0.28%	0.18%
ESI	A	0.15%	0.22%	0.15%
EVTC	B	0.03%	0.21%	0.03%
EXLS	B	0.23%	0.28%	0.23%
EXPO	D	0.09%	0.15%	0.09%
FBP	B	0.0%	0.23%	0.0%
FFIN	B	0.05%	0.21%	0.05%
FHB	A	0.08%	0.27%	0.08%
FHI	A	0.11%	0.38%	0.11%
FLO	D	0.06%	0.3%	0.06%
FSS	B	0.02%	0.21%	0.02%
FULT	A	0.0%	0.22%	0.0%
GATX	A	0.15%	0.28%	0.15%
GEF	A	0.01%	0.27%	0.01%
GFF	A	0.12%	0.16%	0.12%
GME	C	0.16%	0.04%	0.04%
GMS	B	0.08%	0.23%	0.08%
GNW	A	0.0%	0.27%	0.0%
GO	C	0.01%	0.14%	0.01%
GOLF	B	0.13%	0.22%	0.13%
GPI	A	0.22%	0.21%	0.21%
HAE	C	0.2%	0.24%	0.2%
HALO	F	0.24%	0.12%	0.12%
HCC	B	0.06%	0.14%	0.06%
HEES	B	0.09%	0.17%	0.09%
HIMS	C	0.1%	0.11%	0.1%
HNI	B	0.03%	0.24%	0.03%
HOG	D	0.15%	0.14%	0.14%
HP	B	0.1%	0.18%	0.1%
HTH	B	0.11%	0.22%	0.11%
HURN	B	0.25%	0.23%	0.23%
HWC	B	0.08%	0.21%	0.08%
HWKN	B	0.06%	0.15%	0.06%
IBOC	A	0.11%	0.25%	0.11%
IBP	D	0.04%	0.12%	0.04%
ICFI	F	0.1%	0.19%	0.1%
IDA	A	0.46%	0.39%	0.39%
IDCC	B	0.09%	0.3%	0.09%
IESC	B	0.03%	0.15%	0.03%
IOSP	B	0.04%	0.23%	0.04%
IPAR	B	0.13%	0.17%	0.13%
ITGR	B	0.05%	0.22%	0.05%
ITRI	B	0.05%	0.16%	0.05%
JOE	F	0.19%	0.18%	0.18%
JXN	C	0.0%	0.19%	0.0%
KAI	A	0.13%	0.23%	0.13%
KFY	B	0.02%	0.23%	0.02%
KNF	A	0.07%	0.23%	0.07%
KOS	F	0.05%	0.12%	0.05%
KSS	F	0.08%	0.1%	0.08%
LANC	C	0.02%	0.24%	0.02%
LGND	B	0.09%	0.14%	0.09%
LMAT	A	0.02%	0.2%	0.02%
LNTH	D	0.17%	0.06%	0.06%
LPG	F	0.04%	0.1%	0.04%
LPX	B	0.41%	0.19%	0.19%
LRN	A	0.16%	0.27%	0.16%
LTH	C	0.03%	0.15%	0.03%
M	D	0.19%	0.13%	0.13%
MAN	D	0.04%	0.2%	0.04%
MATX	C	0.21%	0.24%	0.21%
MC	B	0.0%	0.21%	0.0%
MCY	A	0.06%	0.22%	0.06%
MDU	D	0.04%	0.23%	0.04%
MLI	C	0.49%	0.27%	0.27%
MMS	F	0.04%	0.24%	0.04%
MMSI	B	0.14%	0.3%	0.14%
MOD	A	0.25%	0.11%	0.11%
MOG.A	B	0.03%	0.23%	0.03%
MSM	C	0.02%	0.24%	0.02%
MTG	C	0.09%	0.26%	0.09%
MTRN	C	0.1%	0.16%	0.1%
NAVI	C	0.19%	0.19%	0.19%
NBTB	B	0.0%	0.19%	0.0%
NFG	A	0.13%	0.32%	0.13%
NJR	A	0.14%	0.33%	0.14%
NSP	D	0.11%	0.15%	0.11%
NSSC	D	0.08%	0.1%	0.08%
OFG	B	0.0%	0.22%	0.0%
OGS	A	0.13%	0.3%	0.13%
OII	B	0.11%	0.16%	0.11%
OPCH	D	0.08%	0.15%	0.08%
OSIS	B	0.02%	0.22%	0.02%
OTTR	C	0.06%	0.2%	0.06%
OZK	B	0.08%	0.18%	0.08%
PBH	A	0.09%	0.28%	0.09%
PDCO	D	0.02%	0.18%	0.02%
PEGA	A	0.08%	0.14%	0.08%
PFSI	D	0.04%	0.19%	0.04%
PHIN	A	0.09%	0.19%	0.09%
PI	D	0.14%	0.11%	0.11%
PII	D	0.01%	0.14%	0.01%
PIPR	B	0.34%	0.26%	0.26%
PLUS	F	0.07%	0.14%	0.07%
POR	C	0.07%	0.31%	0.07%
POWI	D	0.01%	0.14%	0.01%
POWL	C	0.38%	0.11%	0.11%
PRG	C	0.17%	0.14%	0.14%
PRGS	A	0.18%	0.28%	0.18%
PTEN	C	0.11%	0.14%	0.11%
R	B	0.28%	0.24%	0.24%
RAMP	C	0.02%	0.16%	0.02%
RDN	C	0.06%	0.23%	0.06%
REVG	B	0.03%	0.12%	0.03%
RKT	F	0.03%	0.08%	0.03%
RUSHA	C	0.06%	0.22%	0.06%
RYAN	B	0.13%	0.24%	0.13%
SAH	A	0.04%	0.16%	0.04%
SANM	B	0.22%	0.15%	0.15%
SEE	C	0.0%	0.2%	0.0%
SFBS	B	0.13%	0.17%	0.13%
SFM	A	0.6%	0.25%	0.25%
SIG	B	0.26%	0.17%	0.17%
SKY	A	0.15%	0.15%	0.15%
SLM	A	0.16%	0.26%	0.16%
SLVM	B	0.02%	0.15%	0.02%
SM	B	0.07%	0.16%	0.07%
SNEX	B	0.07%	0.27%	0.07%
SNV	B	0.05%	0.22%	0.05%
SON	D	0.09%	0.27%	0.09%
SPB	C	0.15%	0.2%	0.15%
SR	A	0.12%	0.34%	0.12%
STRL	B	0.29%	0.18%	0.18%
SUPN	C	0.03%	0.17%	0.03%
SWI	B	0.01%	0.18%	0.01%
SWX	B	0.01%	0.27%	0.01%
SYNA	C	0.1%	0.14%	0.1%
TBBK	B	0.0%	0.16%	0.0%
TCBI	B	0.03%	0.25%	0.03%
TDC	D	0.01%	0.15%	0.01%
TEX	D	0.19%	0.14%	0.14%
TGNA	B	0.09%	0.27%	0.09%
TGTX	B	0.03%	0.11%	0.03%
TNC	D	0.06%	0.21%	0.06%
TNL	A	0.16%	0.23%	0.16%
TPH	D	0.14%	0.17%	0.14%
TRN	B	0.06%	0.19%	0.06%
UGI	A	0.1%	0.19%	0.1%
UMBF	B	0.14%	0.24%	0.14%
UPBD	B	0.09%	0.19%	0.09%
VAC	B	0.07%	0.19%	0.07%
VAL	D	0.01%	0.13%	0.01%
VC	D	0.08%	0.18%	0.08%
VCEL	B	0.03%	0.15%	0.03%
VECO	F	0.1%	0.11%	0.1%
VIRT	B	0.03%	0.19%	0.03%
VMI	B	0.15%	0.23%	0.15%
VNT	B	0.05%	0.24%	0.05%
VSH	D	0.09%	0.16%	0.09%
VSTS	C	0.02%	0.09%	0.02%
WAFD	B	0.12%	0.19%	0.12%
WD	D	0.02%	0.19%	0.02%
WEN	D	0.12%	0.28%	0.12%
WGO	C	0.05%	0.18%	0.05%
WOR	F	0.08%	0.16%	0.08%
WS	B	0.22%	0.13%	0.13%
WTM	A	0.16%	0.26%	0.16%
WTS	B	0.12%	0.27%	0.12%
YELP	C	0.06%	0.21%	0.06%
YETI	C	0.08%	0.12%	0.08%
YOU	D	0.23%	0.11%	0.11%

SMLF Overweight 560 Positions Relative to CSF

Symbol	Grade	Weight
APP	B	1.49%
EME	C	0.94%
EVR	B	0.81%
MSTR	C	0.73%
DECK	A	0.72%
AXON	A	0.66%
NTNX	A	0.56%
JBL	B	0.55%
BPOP	B	0.53%
MANH	D	0.5%
SLG	B	0.49%
RS	B	0.49%
NVT	B	0.49%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	B	0.43%
WSM	B	0.42%
PCOR	B	0.42%
CSL	C	0.41%
IOT	A	0.41%
VNO	B	0.41%
ORI	A	0.41%
JEF	A	0.4%
HRB	D	0.4%
NTRA	B	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
EWBC	A	0.39%
UTHR	C	0.38%
DKS	C	0.38%
MEDP	D	0.38%
BRX	A	0.37%
AM	A	0.37%
WING	D	0.36%
CNM	D	0.36%
WFRD	D	0.35%
CR	A	0.35%
AYI	B	0.35%
CAVA	B	0.34%
WK	B	0.34%
LAMR	D	0.33%
JHG	A	0.31%
HSII	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	A	0.31%
FR	D	0.31%
SOLV	C	0.31%
MAC	B	0.31%
THC	D	0.31%
TPR	B	0.3%
SPXC	A	0.3%
CHE	D	0.3%
GGG	B	0.3%
EXE	B	0.29%
TTEK	F	0.29%
PSTG	D	0.29%
PRI	A	0.28%
INTA	A	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
GPK	C	0.26%
AMH	D	0.25%
OVV	B	0.25%
CFR	B	0.25%
TPX	B	0.24%
CBSH	A	0.24%
TREX	C	0.24%
RMBS	C	0.24%
AN	C	0.24%
SKT	B	0.24%
EXEL	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	D	0.23%
GAP	B	0.23%
LSCC	D	0.23%
UFPI	B	0.23%
APA	D	0.22%
RPM	A	0.22%
COKE	C	0.22%
AXSM	B	0.22%
RNR	C	0.21%
AR	B	0.21%
TOST	B	0.21%
BLD	D	0.21%
AZPN	A	0.21%
SRPT	D	0.2%
ETSY	D	0.2%
LIVN	F	0.2%
RDDT	B	0.2%
XRAY	F	0.2%
ELF	C	0.2%
ATKR	C	0.2%
RRX	B	0.2%
AGCO	D	0.2%
DNLI	D	0.2%
BBWI	D	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
RNG	B	0.19%
SMG	D	0.19%
CROX	D	0.19%
ACM	B	0.19%
GH	B	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	B	0.18%
KNSL	B	0.18%
XRX	F	0.18%
ARW	D	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	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%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
ACLX	C	0.17%
TKR	D	0.17%
LNW	D	0.17%
PDM	D	0.17%
KRG	B	0.17%
RHI	B	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	B	0.17%
PRKS	C	0.17%
JBSS	D	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	B	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
BJ	A	0.16%
TOL	B	0.16%
AGNC	D	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
LBTYA	A	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
ONON	A	0.15%
XNCR	B	0.15%
GES	F	0.15%
RL	B	0.15%
ONTO	D	0.15%
W	F	0.15%
FTAI	B	0.15%
RGLD	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
NOVT	D	0.14%
IONS	F	0.14%
CMC	B	0.14%
BRKR	D	0.14%
ENSG	D	0.14%
UA	B	0.14%
TTC	D	0.14%
YEXT	A	0.14%
PCTY	B	0.14%
SCI	B	0.14%
AY	B	0.14%
SPT	C	0.14%
SSD	D	0.14%
VMEO	B	0.13%
BPMC	C	0.13%
THO	B	0.13%
TNET	D	0.13%
ACCO	C	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
BDN	C	0.13%
QLYS	C	0.13%
FYBR	D	0.13%
NUVL	D	0.13%
AA	B	0.13%
MAT	D	0.12%
INSP	D	0.12%
SAIA	B	0.12%
KBR	F	0.12%
GEO	B	0.12%
BASE	C	0.12%
SATS	D	0.12%
NYT	C	0.12%
OGE	B	0.12%
WH	B	0.12%
KRC	C	0.12%
NOV	C	0.12%
AIT	A	0.12%
BSY	D	0.12%
NTCT	C	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
PARA	C	0.11%
SSTK	F	0.11%
LOVE	B	0.11%
CUBE	D	0.11%
MFA	D	0.11%
CARG	C	0.11%
SPSC	C	0.11%
BAND	B	0.11%
ODP	F	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
MDGL	B	0.11%
BCRX	D	0.11%
KW	B	0.1%
CHDN	B	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
CRDO	B	0.1%
LSTR	D	0.1%
NNN	D	0.1%
HUN	F	0.1%
HOV	D	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
WAL	B	0.1%
KLIC	B	0.1%
BERY	B	0.1%
INSM	C	0.1%
WMS	D	0.1%
VRNS	D	0.1%
MTSI	B	0.09%
WSC	D	0.09%
JACK	D	0.09%
MRC	B	0.09%
MTN	C	0.09%
PCVX	D	0.09%
ATEN	B	0.09%
APG	B	0.09%
HI	C	0.09%
CAR	C	0.09%
VERA	B	0.09%
LZ	D	0.09%
FLG	C	0.09%
PLNT	A	0.09%
EGP	F	0.09%
ALIT	C	0.09%
TMHC	B	0.09%
OHI	C	0.09%
INVA	D	0.09%
COUR	F	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	D	0.09%
WEX	D	0.09%
CUBI	B	0.09%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
VIR	D	0.08%
FLR	B	0.08%
RGEN	D	0.08%
CAL	D	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
OSCR	D	0.08%
PD	C	0.08%
KN	B	0.08%
MASI	A	0.08%
CACC	D	0.08%
DLX	B	0.08%
VFC	C	0.08%
AGX	B	0.08%
CUZ	B	0.08%
CARS	B	0.08%
MIDD	C	0.08%
ALV	C	0.08%
AFRM	A	0.07%
UNIT	B	0.07%
CLH	B	0.07%
EQC	B	0.07%
DH	D	0.07%
HASI	D	0.07%
AMRX	C	0.07%
PEN	B	0.07%
EYPT	F	0.07%
WYNN	D	0.07%
MATV	D	0.07%
RIG	D	0.07%
LXP	D	0.07%
AMPL	C	0.07%
FLNC	C	0.07%
WLY	B	0.07%
NBR	C	0.07%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
TXRH	C	0.07%
NARI	C	0.07%
NXST	C	0.07%
WNC	C	0.07%
NVST	B	0.06%
AVXL	B	0.06%
OXM	D	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	0.06%
S	B	0.06%
FN	D	0.06%
NXT	C	0.06%
ILPT	D	0.06%
AMCX	C	0.06%
STWD	C	0.06%
CTBI	B	0.06%
MPW	F	0.06%
BRBR	A	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
FUN	C	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
WTTR	B	0.06%
CASY	A	0.06%
IRTC	D	0.06%
RYN	D	0.06%
ADEA	D	0.06%
SFL	D	0.06%
AIV	C	0.06%
AZEK	A	0.06%
HE	C	0.06%
UVV	B	0.06%
KD	B	0.06%
MED	F	0.06%
FOLD	F	0.05%
ACI	C	0.05%
SONO	C	0.05%
PZZA	D	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	0.05%
BEAM	D	0.05%
SITE	D	0.05%
CERS	C	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	D	0.05%
TARS	B	0.05%
SMTC	B	0.05%
ZIP	F	0.05%
THR	B	0.05%
WBS	A	0.05%
APLS	D	0.05%
LFUS	F	0.05%
ASAN	C	0.05%
WBA	F	0.05%
PK	B	0.05%
MDXG	B	0.05%
LECO	B	0.05%
ARWR	F	0.04%
FCN	D	0.04%
HPP	F	0.04%
STAG	F	0.04%
DAWN	F	0.04%
CORZ	B	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
PRGO	B	0.04%
FLYW	C	0.04%
AGS	A	0.04%
IDT	B	0.04%
SANA	F	0.04%
TPB	B	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	C	0.04%
KLG	C	0.04%
CELH	F	0.04%
ARRY	D	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	B	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	D	0.04%
NHI	D	0.04%
ACHC	F	0.04%
HSTM	B	0.04%
FHN	A	0.04%
TDS	B	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	A	0.03%
GMED	A	0.03%
ALHC	C	0.03%
VIAV	B	0.03%
RDFN	D	0.03%
ADT	C	0.03%
CHRD	D	0.03%
FL	F	0.03%
VNDA	C	0.03%
RGNX	F	0.03%
NX	C	0.03%
EMBC	C	0.03%
DNB	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	B	0.03%
XHR	B	0.03%
CIEN	B	0.03%
QDEL	F	0.03%
SNBR	F	0.03%
RYI	C	0.03%
UDMY	F	0.03%
ARCH	B	0.03%
SLAB	D	0.03%
BRSP	B	0.03%
CDP	C	0.03%
MGNI	A	0.03%
ACCD	D	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
RPD	C	0.03%
SPRY	D	0.03%
ATRC	C	0.03%
RLI	B	0.03%
UVE	B	0.03%
NRC	F	0.03%
OI	C	0.03%
OLED	D	0.03%
BKD	D	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	D	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
ARCT	F	0.02%
OMER	A	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	D	0.02%
MSA	D	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DAN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
NUS	D	0.02%
EPR	D	0.02%
BMBL	D	0.02%
OPI	F	0.02%
IRWD	F	0.02%
WTFC	A	0.02%
MTW	C	0.02%
DBI	F	0.02%
CLVT	F	0.02%
PR	B	0.02%
RLJ	B	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%
CNDT	C	0.02%
OPEN	D	0.02%
SNDX	F	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
CWK	B	0.01%
DINO	D	0.01%
PGEN	F	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	D	0.01%
SFIX	B	0.01%
FLWS	F	0.01%
XPRO	F	0.01%
MBC	D	0.01%
BIGC	C	0.01%
MLAB	D	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
CRAI	B	0.01%
MITK	C	0.01%
NTLA	F	0.01%
VRE	B	0.01%
TR	B	0.01%
ROIV	C	0.01%
TTGT	C	0.01%
HCAT	D	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
HQY	B	0.01%
HMST	D	0.01%
STGW	B	0.01%
OLPX	D	0.01%
BSIG	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	C	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	C	0.01%
BYD	C	0.01%
UPWK	B	0.01%
HXL	D	0.01%
NFBK	B	0.01%
SHO	C	0.01%
MAGN	F	0.0%
GDOT	D	0.0%
EGBN	B	0.0%
EIG	B	0.0%
DEI	B	0.0%
TRMK	B	0.0%
PFBC	B	0.0%
UNM	A	0.0%
PRDO	B	0.0%
CMA	A	0.0%

SMLF Underweight 237 Positions Relative to CSF

Symbol	Grade	Weight
THG	A	-0.34%
PNM	F	-0.33%
FLS	B	-0.33%
GVA	A	-0.33%
MSGS	A	-0.33%
LOPE	B	-0.32%
KNTK	B	-0.32%
DLB	B	-0.31%
NWE	A	-0.31%
CPK	A	-0.3%
CALM	A	-0.3%
PJT	A	-0.3%
ZWS	B	-0.3%
KAR	B	-0.29%
SLGN	A	-0.29%
AWI	A	-0.29%
CWST	A	-0.29%
USLM	A	-0.29%
PINC	B	-0.29%
LAUR	A	-0.28%
ALK	C	-0.28%
AVA	A	-0.28%
NEU	C	-0.27%
GHC	C	-0.27%
SMPL	B	-0.27%
SNDR	B	-0.27%
COLM	B	-0.27%
FELE	B	-0.27%
ESE	B	-0.27%
WMK	C	-0.26%
EAT	A	-0.26%
HLNE	B	-0.26%
HOMB	A	-0.26%
WERN	C	-0.26%
FNB	A	-0.26%
ACIW	B	-0.25%
CWT	D	-0.25%
SXT	B	-0.25%
NWBI	B	-0.25%
WMG	C	-0.25%
FUL	F	-0.25%
SJW	D	-0.25%
JBT	B	-0.25%
SKYW	B	-0.25%
GPOR	B	-0.25%
MTX	B	-0.25%
KMT	B	-0.25%
NMIH	D	-0.25%
MGY	A	-0.25%
PSMT	C	-0.25%
AVT	C	-0.25%
BOKF	B	-0.25%
ONB	B	-0.24%
NBHC	B	-0.24%
SUM	B	-0.24%
KEX	C	-0.24%
WU	D	-0.24%
FFBC	A	-0.24%
EE	A	-0.24%
MGEE	C	-0.24%
VCTR	B	-0.24%
HUBG	A	-0.24%
PRIM	A	-0.24%
PLXS	B	-0.24%
BANR	B	-0.24%
FCF	A	-0.23%
VVV	F	-0.23%
OSW	A	-0.23%
HRI	B	-0.23%
TOWN	B	-0.23%
KWR	C	-0.23%
ORA	B	-0.23%
SEB	F	-0.23%
CRVL	A	-0.23%
UBSI	B	-0.23%
SHOO	D	-0.23%
SPNT	A	-0.23%
APAM	B	-0.23%
ALG	B	-0.23%
STC	B	-0.23%
FA	C	-0.23%
SXI	B	-0.23%
KTB	B	-0.23%
MWA	B	-0.23%
KMPR	B	-0.23%
CATY	B	-0.23%
NNI	D	-0.23%
CBU	B	-0.22%
CADE	B	-0.22%
WSBC	B	-0.22%
UCB	A	-0.22%
VSEC	C	-0.22%
WKC	D	-0.22%
FTDR	A	-0.22%
ABCB	B	-0.22%
DORM	B	-0.22%
ROAD	A	-0.22%
FRME	B	-0.22%
SYBT	B	-0.21%
EFSC	B	-0.21%
NOG	A	-0.21%
SFNC	B	-0.21%
AUB	B	-0.21%
WDFC	B	-0.21%
SCL	C	-0.21%
NHC	C	-0.21%
BTU	B	-0.21%
RNST	B	-0.21%
UNF	B	-0.21%
CNXN	C	-0.21%
FBK	B	-0.21%
CNK	B	-0.21%
PRK	B	-0.21%
HGV	B	-0.2%
LNC	B	-0.2%
LKFN	B	-0.2%
NABL	F	-0.2%
FIZZ	C	-0.2%
TTMI	B	-0.2%
EBC	B	-0.2%
INDB	B	-0.2%
WSFS	A	-0.2%
ALTR	B	-0.2%
AL	B	-0.2%
PATK	D	-0.2%
SBCF	A	-0.2%
ZD	B	-0.2%
JJSF	B	-0.2%
STEP	B	-0.2%
CCOI	B	-0.2%
IRDM	D	-0.19%
ROG	D	-0.19%
NPO	A	-0.19%
STBA	B	-0.19%
MYRG	B	-0.19%
TFIN	A	-0.19%
AIR	B	-0.19%
CRI	D	-0.19%
ANDE	D	-0.19%
REZI	A	-0.19%
IPGP	D	-0.19%
PFS	B	-0.19%
UTZ	D	-0.19%
CBZ	B	-0.19%
WHD	B	-0.19%
FIBK	A	-0.19%
ADUS	D	-0.19%
BROS	B	-0.19%
GBCI	B	-0.19%
PAYO	A	-0.18%
LZB	B	-0.18%
PAY	B	-0.18%
FBNC	A	-0.18%
AZZ	B	-0.18%
NMRK	B	-0.18%
MCW	B	-0.18%
MTZ	B	-0.18%
ABM	B	-0.18%
VRRM	D	-0.18%
FRPT	B	-0.18%
CRGY	B	-0.18%
RDNT	B	-0.18%
BGC	C	-0.18%
KTOS	B	-0.17%
COLB	A	-0.17%
PLMR	B	-0.17%
INSW	F	-0.17%
CHEF	A	-0.17%
SEM	B	-0.17%
HAYW	B	-0.17%
ROCK	C	-0.17%
SAM	C	-0.17%
ATGE	B	-0.17%
VICR	B	-0.16%
KBH	D	-0.16%
GTX	D	-0.16%
STRA	C	-0.16%
CABO	C	-0.16%
AESI	B	-0.16%
VLY	B	-0.16%
FOUR	B	-0.16%
OLLI	D	-0.16%
GTLS	B	-0.16%
URBN	C	-0.16%
PTVE	B	-0.15%
CXM	C	-0.15%
TALO	C	-0.15%
ADNT	F	-0.15%
TGLS	B	-0.15%
VERX	B	-0.15%
GSHD	A	-0.15%
LCII	C	-0.15%
GRBK	D	-0.15%
LOB	B	-0.15%
RRR	D	-0.15%
DXC	B	-0.14%
SHAK	C	-0.14%
SHC	F	-0.14%
VSCO	B	-0.14%
LBRT	D	-0.14%
BOOT	D	-0.14%
PRVA	B	-0.14%
HRMY	D	-0.14%
MHO	D	-0.14%
BOWL	C	-0.13%
MBIN	D	-0.13%
CCS	D	-0.13%
LEVI	F	-0.13%
JWN	C	-0.13%
USM	B	-0.12%
LGIH	D	-0.12%
AAP	C	-0.12%
MNKD	C	-0.12%
ASTH	D	-0.12%
MLKN	D	-0.12%
RH	B	-0.12%
TRIP	F	-0.11%
RIOT	C	-0.11%
PTGX	C	-0.11%
DIOD	D	-0.11%
MODG	F	-0.11%
OGN	D	-0.1%
VRNT	C	-0.1%
HLIT	D	-0.1%
UFPT	B	-0.1%
KRYS	B	-0.09%
FORM	D	-0.09%
MGPI	F	-0.09%
PGNY	F	-0.08%
ARHS	F	-0.08%
DFH	D	-0.08%
FOXF	F	-0.08%
IAS	C	-0.08%
BLBD	D	-0.08%
TDW	F	-0.07%
MARA	C	-0.06%
TMDX	F	-0.05%