SMLF vs. EBIT ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Harbor AlphaEdge Small Cap Earners ETF (EBIT)

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

$66.59

Average Daily Volume

65,829

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

EBIT

Harbor AlphaEdge Small Cap Earners ETF

EBIT Description

The fund invests at least 80% of its total assets in securities that are included in the Index. The index is designed to deliver exposure to equity securities of small cap U.S. companies that are profitable, or "small cap earners," based on the index provider"s methodology.

Grade (RS Rating)

Last Trade

$32.57

Average Daily Volume

2,450

Number of Holdings ^*

652

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	EBIT
30 Days	0.61%	-1.26%
60 Days	1.74%	-2.17%
90 Days	7.43%	2.37%
12 Months	33.73%

230 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in EBIT	Overlap
ABG	C	0.14%	0.46%	0.14%
ACA	B	0.09%	0.15%	0.09%
ACLS	F	0.14%	0.09%	0.09%
AEO	F	0.06%	0.14%	0.06%
AGM	D	0.1%	0.23%	0.1%
AGS	A	0.04%	0.05%	0.04%
AGX	A	0.08%	0.05%	0.05%
AIT	A	0.11%	0.29%	0.11%
AMBC	D	0.05%	0.15%	0.05%
AMCX	F	0.05%	0.12%	0.05%
AMN	F	0.05%	0.15%	0.05%
AMR	F	0.13%	0.35%	0.13%
ANF	F	0.3%	0.18%	0.18%
APOG	A	0.11%	0.08%	0.08%
ARCB	F	0.02%	0.13%	0.02%
ARCH	B	0.03%	0.35%	0.03%
AROC	D	0.11%	0.14%	0.11%
ARRY	D	0.04%	0.03%	0.03%
ASB	A	0.09%	0.22%	0.09%
ASGN	F	0.01%	0.21%	0.01%
ASO	F	0.07%	0.39%	0.07%
ATEN	A	0.08%	0.05%	0.05%
ATKR	F	0.2%	0.31%	0.2%
AVNT	D	0.18%	0.24%	0.18%
AWR	C	0.12%	0.12%	0.12%
AX	B	0.0%	0.21%	0.0%
BANF	B	0.13%	0.17%	0.13%
BCC	D	0.22%	0.42%	0.22%
BCO	D	0.07%	0.27%	0.07%
BDC	B	0.08%	0.28%	0.08%
BECN	B	0.09%	0.26%	0.09%
BFH	C	0.0%	0.34%	0.0%
BKD	D	0.04%	0.08%	0.04%
BKE	C	0.11%	0.17%	0.11%
BKH	D	0.01%	0.3%	0.01%
BKU	C	0.0%	0.21%	0.0%
BLMN	F	0.07%	0.1%	0.07%
BOH	A	0.0%	0.16%	0.0%
CAL	F	0.08%	0.12%	0.08%
CALX	D	0.03%	0.04%	0.03%
CARG	B	0.1%	0.08%	0.08%
CARS	D	0.08%	0.04%	0.04%
CBT	B	0.13%	0.33%	0.13%
CDP	B	0.04%	0.12%	0.04%
CEIX	A	0.07%	0.28%	0.07%
CHCO	A	0.0%	0.12%	0.0%
CHX	F	0.11%	0.21%	0.11%
CMC	A	0.13%	0.51%	0.13%
CMPR	F	0.09%	0.06%	0.06%
CNO	A	0.15%	0.36%	0.15%
CNS	B	0.04%	0.17%	0.04%
COOP	D	0.4%	0.8%	0.4%
CRAI	B	0.01%	0.06%	0.01%
CRC	B	0.09%	0.32%	0.09%
CRS	B	0.09%	0.06%	0.06%
CSWI	B	0.08%	0.1%	0.08%
CUBI	D	0.08%	0.16%	0.08%
CVBF	B	0.04%	0.17%	0.04%
CVCO	A	0.15%	0.14%	0.14%
CVI	F	0.03%	0.32%	0.03%
CVLT	B	0.08%	0.05%	0.05%
CWK	C	0.01%	0.25%	0.01%
CXW	C	0.08%	0.12%	0.08%
DAN	F	0.02%	0.13%	0.02%
DBI	F	0.02%	0.06%	0.02%
DEI	B	0.0%	0.18%	0.0%
DIN	D	0.04%	0.11%	0.04%
DNOW	F	0.08%	0.05%	0.05%
DY	C	0.02%	0.19%	0.02%
EGBN	A	0.04%	0.14%	0.04%
EMBC	C	0.03%	0.13%	0.03%
ENS	F	0.04%	0.15%	0.04%
ENSG	A	0.16%	0.23%	0.16%
ENVA	A	0.01%	0.22%	0.01%
EPC	D	0.01%	0.15%	0.01%
EVRI	A	0.02%	0.16%	0.02%
EXLS	A	0.23%	0.16%	0.16%
FBP	D	0.0%	0.25%	0.0%
FFIN	D	0.04%	0.16%	0.04%
FL	D	0.03%	0.15%	0.03%
FN	B	0.06%	0.16%	0.06%
FULT	B	0.0%	0.18%	0.0%
GATX	A	0.14%	0.25%	0.14%
GEF	B	0.01%	0.27%	0.01%
GEO	B	0.07%	0.19%	0.07%
GFF	F	0.11%	0.09%	0.09%
GMS	A	0.08%	0.23%	0.08%
GNW	D	0.0%	0.47%	0.0%
GOLF	D	0.13%	0.14%	0.13%
GPI	C	0.21%	0.5%	0.21%
GPMT	C	0.05%	0.06%	0.05%
HAE	F	0.17%	0.07%	0.07%
HALO	B	0.24%	0.18%	0.18%
HASI	B	0.09%	0.17%	0.09%
HCC	A	0.06%	0.28%	0.06%
HEES	B	0.08%	0.16%	0.08%
HELE	C	0.04%	0.14%	0.04%
HI	F	0.08%	0.12%	0.08%
HLF	D	0.05%	0.14%	0.05%
HMST	F	0.01%	0.04%	0.01%
HOV	D	0.11%	0.17%	0.11%
HP	C	0.1%	0.12%	0.1%
HPP	F	0.04%	0.03%	0.03%
HQY	B	0.01%	0.06%	0.01%
HSII	A	0.28%	0.06%	0.06%
HSTM	A	0.04%	0.04%	0.04%
HTZ	F	0.01%	0.58%	0.01%
HWC	A	0.07%	0.29%	0.07%
IBOC	B	0.1%	0.22%	0.1%
IBP	F	0.05%	0.14%	0.05%
IDT	B	0.04%	0.05%	0.04%
IESC	A	0.03%	0.12%	0.03%
IGT	F	0.15%	0.37%	0.15%
IMKTA	D	0.23%	0.14%	0.14%
INVA	C	0.1%	0.2%	0.1%
IPAR	D	0.13%	0.11%	0.11%
JACK	C	0.1%	0.12%	0.1%
JBSS	F	0.18%	0.08%	0.08%
JELD	F	0.03%	0.11%	0.03%
JXN	B	0.0%	1.75%	0.0%
KALU	B	0.01%	0.04%	0.01%
KFRC	D	0.17%	0.06%	0.06%
KFY	C	0.02%	0.22%	0.02%
KLG	F	0.04%	0.04%	0.04%
KLIC	B	0.11%	0.16%	0.11%
KNF	A	0.08%	0.13%	0.08%
KOS	F	0.05%	0.15%	0.05%
KREF	D	0.04%	0.2%	0.04%
KW	C	0.1%	0.19%	0.1%
LADR	B	0.06%	0.2%	0.06%
LNTH	C	0.25%	0.09%	0.09%
LPG	F	0.04%	0.11%	0.04%
LXP	D	0.07%	0.16%	0.07%
MAC	B	0.33%	0.06%	0.06%
MATX	A	0.21%	0.49%	0.21%
MC	D	0.0%	0.14%	0.0%
MCB	B	0.1%	0.06%	0.06%
MED	D	0.07%	0.08%	0.07%
MLI	A	0.47%	0.48%	0.47%
MMS	D	0.05%	0.23%	0.05%
MOD	C	0.26%	0.12%	0.12%
MOG.A	C	0.03%	0.19%	0.03%
MTRN	D	0.09%	0.06%	0.06%
MUR	F	0.19%	0.43%	0.19%
NAVI	F	0.19%	1.42%	0.19%
NGVT	C	0.01%	0.09%	0.01%
NHI	C	0.05%	0.1%	0.05%
NJR	D	0.14%	0.25%	0.14%
NRC	F	0.04%	0.08%	0.04%
NSIT	F	0.07%	0.25%	0.07%
NSP	F	0.13%	0.12%	0.12%
NUS	F	0.02%	0.03%	0.02%
NX	C	0.03%	0.05%	0.03%
OFG	C	0.0%	0.14%	0.0%
OGS	C	0.13%	0.22%	0.13%
OI	F	0.03%	0.4%	0.03%
OLPX	F	0.01%	0.13%	0.01%
OMI	F	0.05%	0.09%	0.05%
OPCH	F	0.08%	0.2%	0.08%
OTTR	F	0.07%	0.15%	0.07%
OUT	C	0.04%	0.07%	0.04%
OXM	F	0.06%	0.08%	0.06%
PBF	F	0.02%	0.95%	0.02%
PBH	A	0.08%	0.15%	0.08%
PCH	F	0.01%	0.16%	0.01%
PDCO	F	0.03%	0.13%	0.03%
PEB	F	0.01%	0.23%	0.01%
PFSI	D	0.04%	0.53%	0.04%
PHIN	C	0.08%	0.14%	0.08%
PIPR	B	0.31%	0.2%	0.2%
PNM	B	0.11%	0.21%	0.11%
POR	C	0.08%	0.27%	0.08%
POWL	A	0.34%	0.08%	0.08%
PRG	C	0.17%	0.18%	0.17%
PRGS	B	0.18%	0.11%	0.11%
RDN	F	0.07%	0.42%	0.07%
REVG	D	0.03%	0.09%	0.03%
RHP	B	0.01%	0.23%	0.01%
RUSHA	A	0.06%	0.23%	0.06%
RYI	C	0.03%	0.17%	0.03%
SAH	C	0.04%	0.2%	0.04%
SANM	A	0.21%	0.22%	0.21%
SCS	F	0.08%	0.05%	0.05%
SFBS	A	0.13%	0.19%	0.13%
SFL	F	0.07%	0.15%	0.07%
SFM	A	0.58%	0.27%	0.27%
SIG	C	0.26%	0.36%	0.26%
SKY	C	0.15%	0.24%	0.15%
SLVM	B	0.02%	0.28%	0.02%
SM	F	0.07%	0.47%	0.07%
SNBR	F	0.03%	0.06%	0.03%
SONO	C	0.05%	0.05%	0.05%
SR	D	0.12%	0.27%	0.12%
SSB	B	0.02%	0.29%	0.02%
SSTK	D	0.12%	0.04%	0.04%
STGW	D	0.01%	0.07%	0.01%
STRL	B	0.26%	0.15%	0.15%
SVC	F	0.03%	0.08%	0.03%
SWX	C	0.01%	0.2%	0.01%
TBBK	D	0.0%	0.18%	0.0%
TCBI	B	0.03%	0.15%	0.03%
TDS	B	0.05%	0.1%	0.05%
TEX	F	0.19%	0.21%	0.19%
TGNA	B	0.09%	0.44%	0.09%
THR	F	0.05%	0.04%	0.04%
TMHC	A	0.1%	0.49%	0.1%
TNET	F	0.12%	0.24%	0.12%
TPB	A	0.03%	0.12%	0.03%
TPH	D	0.15%	0.27%	0.15%
TRN	C	0.06%	0.2%	0.06%
UFPI	C	0.23%	0.35%	0.23%
UMBF	A	0.13%	0.3%	0.13%
UNIT	C	0.06%	0.34%	0.06%
UVV	C	0.07%	0.12%	0.07%
VC	F	0.08%	0.08%	0.08%
VECO	F	0.11%	0.04%	0.04%
VIAV	A	0.03%	0.07%	0.03%
VITL	C	0.04%	0.03%	0.03%
VSH	F	0.1%	0.22%	0.1%
VSTO	A	0.15%	0.17%	0.15%
WAFD	D	0.12%	0.18%	0.12%
WD	C	0.03%	0.17%	0.03%
WGO	D	0.05%	0.18%	0.05%
WNC	F	0.07%	0.07%	0.07%
WOR	F	0.08%	0.18%	0.08%
WS	A	0.21%	0.04%	0.04%
WTI	F	0.01%	0.1%	0.01%
WTS	D	0.12%	0.23%	0.12%
XHR	C	0.03%	0.07%	0.03%
YELP	F	0.06%	0.07%	0.06%

SMLF Overweight 579 Positions Relative to EBIT

Symbol	Grade	Weight
APP	B	0.94%
EME	A	0.89%
EVR	A	0.76%
DECK	B	0.7%
MSTR	B	0.58%
JBL	A	0.56%
ALSN	A	0.55%
NTNX	B	0.53%
BPOP	F	0.53%
NVT	D	0.53%
SLG	B	0.52%
MANH	D	0.51%
CVNA	A	0.5%
AXON	B	0.49%
RS	C	0.48%
WSM	F	0.46%
IDA	A	0.44%
DUOL	A	0.43%
HRB	D	0.43%
VNO	B	0.43%
FIX	B	0.42%
CSL	C	0.41%
IOT	C	0.41%
ORI	D	0.41%
PCOR	B	0.41%
IBKR	A	0.41%
UTHR	A	0.4%
COCO	A	0.4%
DKS	F	0.4%
CNM	D	0.4%
LBRDA	A	0.39%
EWBC	A	0.39%
AM	C	0.38%
LPX	D	0.38%
MEDP	F	0.38%
JEF	B	0.37%
TTEK	B	0.37%
BRX	C	0.37%
SOLV	B	0.36%
GTLB	A	0.36%
LAMR	B	0.36%
AYI	A	0.35%
CAVA	B	0.35%
WFRD	F	0.35%
YOU	A	0.34%
CR	B	0.34%
NTRA	B	0.34%
WING	F	0.33%
FR	D	0.33%
THC	C	0.32%
FLEX	A	0.31%
ITT	C	0.31%
CHE	F	0.31%
PSTG	D	0.31%
WK	C	0.31%
WSO	D	0.3%
GGG	D	0.3%
DDS	C	0.29%
ALKS	F	0.29%
JHG	A	0.29%
SMAR	A	0.28%
PRI	B	0.28%
GPK	D	0.28%
SPXC	D	0.28%
CORT	B	0.28%
R	A	0.27%
XRAY	F	0.27%
EXE	B	0.27%
AMG	A	0.26%
HURN	A	0.26%
AGO	B	0.26%
TPR	A	0.26%
FCNCA	C	0.26%
SN	C	0.26%
AMH	F	0.25%
CFR	B	0.25%
ESTC	D	0.25%
LBTYA	B	0.25%
ENTG	D	0.25%
INTA	B	0.25%
TREX	B	0.25%
CPRX	A	0.25%
AN	F	0.24%
SKT	B	0.24%
SRPT	D	0.24%
LSCC	C	0.24%
APA	F	0.24%
EXEL	A	0.24%
GAP	D	0.23%
ZION	B	0.23%
RNR	C	0.23%
RMBS	C	0.23%
AGCO	C	0.23%
CW	B	0.23%
OVV	F	0.23%
SMG	A	0.23%
CROX	F	0.22%
CMA	A	0.22%
AXSM	C	0.22%
AZPN	B	0.22%
TPX	F	0.22%
RPM	B	0.22%
COKE	D	0.22%
CBSH	A	0.22%
BLD	F	0.22%
TPG	B	0.22%
LIVN	C	0.21%
JOE	F	0.21%
ETSY	D	0.21%
HAS	D	0.21%
DNLI	C	0.2%
RNG	A	0.2%
M	D	0.2%
TKR	C	0.2%
WCC	A	0.2%
GLPI	D	0.2%
HIW	C	0.2%
ACM	A	0.2%
RRX	A	0.2%
RRC	D	0.19%
DCI	B	0.19%
PDM	C	0.19%
RDDT	A	0.19%
TDOC	C	0.19%
AR	F	0.19%
DTM	A	0.19%
ONTO	F	0.19%
ARW	D	0.19%
BBWI	F	0.19%
USFD	B	0.18%
W	F	0.18%
ELF	F	0.18%
FROG	C	0.18%
LNW	D	0.18%
XRX	F	0.18%
NDSN	D	0.18%
ESAB	A	0.18%
ALLE	C	0.17%
PRKS	B	0.17%
SBGI	A	0.17%
SF	A	0.17%
PGRE	C	0.17%
AGNC	D	0.17%
PVH	C	0.17%
CWEN	C	0.17%
TOST	A	0.17%
KNSL	F	0.17%
EXTR	B	0.17%
FAF	D	0.17%
BRC	D	0.17%
VCYT	A	0.17%
MMYT	A	0.17%
VOYA	B	0.17%
KRG	D	0.17%
OC	B	0.17%
HLI	A	0.17%
SPB	C	0.16%
SLM	C	0.16%
WTM	B	0.16%
ESI	A	0.16%
OMF	A	0.16%
ACLX	B	0.16%
KIM	B	0.16%
LRN	A	0.16%
XPO	A	0.16%
GES	F	0.16%
LUMN	A	0.16%
IVT	A	0.16%
AIZ	D	0.16%
BJ	A	0.16%
TOL	C	0.16%
RHI	C	0.16%
SATS	B	0.15%
ODP	C	0.15%
SCI	A	0.15%
NOVT	C	0.15%
FYBR	A	0.15%
TTC	F	0.15%
VMI	A	0.15%
GH	D	0.15%
SRCE	C	0.15%
RL	B	0.15%
RGLD	B	0.15%
AY	A	0.15%
SSD	F	0.15%
IONS	F	0.15%
PI	C	0.15%
BMI	D	0.15%
TNL	A	0.15%
BL	B	0.15%
HOG	F	0.15%
BRKR	D	0.15%
ATI	F	0.14%
WEN	A	0.14%
PCTY	A	0.14%
BDN	C	0.14%
NFG	C	0.14%
FTAI	A	0.14%
GME	B	0.14%
YEXT	A	0.14%
GNRC	A	0.14%
AA	B	0.14%
SPT	F	0.14%
INSP	D	0.14%
NUVL	D	0.14%
KBR	B	0.14%
ONON	D	0.14%
MMSI	B	0.14%
XNCR	A	0.14%
NOV	F	0.13%
WMS	F	0.13%
THO	D	0.13%
CRUS	F	0.13%
DOCS	A	0.13%
BCRX	A	0.13%
RYAN	C	0.13%
MFA	D	0.13%
NYT	A	0.13%
UA	B	0.13%
BSY	F	0.13%
MAT	A	0.13%
BWXT	B	0.13%
KRC	B	0.13%
BERY	A	0.12%
CUBE	D	0.12%
KAI	A	0.12%
WH	A	0.12%
HUN	F	0.12%
BLKB	D	0.12%
BRZE	F	0.12%
LILA	A	0.12%
BPMC	C	0.12%
BAND	A	0.12%
OGE	C	0.12%
SON	F	0.11%
OHI	B	0.11%
NTCT	C	0.11%
UGI	D	0.11%
VRNS	D	0.11%
BASE	C	0.11%
PCVX	C	0.11%
AMLX	B	0.11%
PTEN	F	0.11%
CYTK	F	0.11%
FHI	A	0.11%
SPSC	F	0.11%
NNN	D	0.11%
LAZ	A	0.11%
LOVE	B	0.11%
ALX	D	0.11%
PARA	C	0.11%
DFIN	F	0.11%
HTH	D	0.11%
SAIA	A	0.11%
QLYS	F	0.11%
X	C	0.11%
ICFI	B	0.11%
ACCO	B	0.11%
WEX	F	0.1%
EXPO	D	0.1%
BC	C	0.1%
EGP	D	0.1%
COUR	F	0.1%
SYNA	F	0.1%
VMEO	C	0.1%
OLN	F	0.1%
LSTR	D	0.1%
WAL	C	0.1%
CHDN	B	0.1%
IVZ	A	0.1%
ACAD	F	0.1%
MTG	D	0.1%
EXPI	B	0.1%
HIMS	B	0.1%
OII	D	0.1%
INSM	D	0.1%
MDGL	A	0.1%
NXST	A	0.09%
PLUS	C	0.09%
MIDD	F	0.09%
FLR	B	0.09%
ALIT	F	0.09%
MTN	F	0.09%
LZ	C	0.09%
KSS	F	0.09%
LGND	A	0.09%
WSC	F	0.09%
EEFT	F	0.09%
CUZ	B	0.09%
APG	B	0.09%
DVAX	A	0.09%
PNFP	A	0.09%
UPBD	D	0.09%
VFC	A	0.09%
CXT	F	0.09%
FLG	D	0.09%
NSSC	F	0.09%
OSCR	C	0.09%
MATV	F	0.09%
CRDO	A	0.09%
PEGA	A	0.08%
FLNC	B	0.08%
ELAN	D	0.08%
TENB	D	0.08%
LYFT	C	0.08%
NARI	A	0.08%
OZK	B	0.08%
MASI	A	0.08%
FHB	A	0.08%
YETI	F	0.08%
PD	C	0.08%
VERA	A	0.08%
RGEN	D	0.08%
EYPT	C	0.08%
PLNT	D	0.08%
BOX	D	0.08%
IDCC	A	0.08%
KN	C	0.08%
MTSI	B	0.08%
AMPH	A	0.08%
CACC	F	0.08%
ASH	F	0.08%
ALV	F	0.08%
LBTYK	A	0.08%
MRC	F	0.08%
VKTX	A	0.08%
AMPL	C	0.07%
FLO	F	0.07%
DH	F	0.07%
CNMD	D	0.07%
AIV	D	0.07%
AMRX	B	0.07%
MPW	D	0.07%
RYN	C	0.07%
ADEA	A	0.07%
DOMO	C	0.07%
EPAC	A	0.07%
DLX	F	0.07%
WLY	A	0.07%
PEN	A	0.07%
EQC	C	0.07%
RIG	D	0.07%
VIR	B	0.07%
HE	D	0.07%
GKOS	B	0.07%
SNEX	A	0.07%
NTB	C	0.07%
MKSI	F	0.07%
WYNN	B	0.07%
TXRH	A	0.07%
CAR	C	0.07%
NBR	C	0.07%
BRBR	A	0.06%
SANA	F	0.06%
KD	D	0.06%
MERC	D	0.06%
CC	F	0.06%
IRTC	C	0.06%
AFRM	A	0.06%
S	B	0.06%
MCY	B	0.06%
COTY	F	0.06%
ITCI	A	0.06%
ILPT	F	0.06%
VAC	B	0.06%
WBA	C	0.06%
NVST	A	0.06%
APPF	D	0.06%
NXT	C	0.06%
FIVN	C	0.06%
TNC	F	0.06%
CASY	A	0.06%
STWD	D	0.06%
ANGI	F	0.06%
GCO	F	0.06%
AZEK	C	0.06%
CLH	C	0.06%
CERS	F	0.05%
ITGR	D	0.05%
AVDX	C	0.05%
ANAB	F	0.05%
ACI	C	0.05%
RCUS	F	0.05%
ASAN	D	0.05%
WBS	B	0.05%
ITRI	A	0.05%
AVXL	A	0.05%
CELH	F	0.05%
WTTR	D	0.05%
ACHC	F	0.05%
EHC	A	0.05%
SITE	F	0.05%
TARS	A	0.05%
SMTC	B	0.05%
AVAV	B	0.05%
PATH	C	0.05%
VNT	B	0.05%
HWKN	D	0.05%
CENTA	D	0.05%
PK	F	0.05%
HOUS	F	0.05%
ZIP	F	0.05%
LECO	B	0.05%
FUN	C	0.05%
ADMA	B	0.05%
SOFI	A	0.05%
APLS	F	0.05%
CTBI	B	0.05%
CNX	B	0.05%
PZZA	A	0.05%
FOLD	B	0.05%
LFUS	D	0.05%
CORZ	B	0.04%
CGEM	F	0.04%
RPD	C	0.04%
TILE	A	0.04%
MDU	F	0.04%
AGYS	D	0.04%
SPRY	B	0.04%
ROKU	D	0.04%
NATL	D	0.04%
FCN	F	0.04%
MAN	F	0.04%
PRGO	D	0.04%
OLED	F	0.04%
FHN	B	0.04%
RVMD	A	0.04%
DAWN	A	0.04%
STAG	D	0.04%
MDXG	C	0.04%
IOSP	F	0.04%
RKT	D	0.04%
BEAM	F	0.04%
CFFN	A	0.04%
BCPC	C	0.04%
SNV	B	0.04%
VCEL	D	0.03%
TGTX	A	0.03%
AXTA	A	0.03%
MGNI	D	0.03%
GIII	C	0.03%
GMED	A	0.03%
ALRM	F	0.03%
AKRO	A	0.03%
ALHC	A	0.03%
VNDA	D	0.03%
CHWY	D	0.03%
LTH	D	0.03%
ADT	B	0.03%
SUPN	B	0.03%
VIRT	A	0.03%
OPI	F	0.03%
SNDX	F	0.03%
JANX	A	0.03%
CHRD	F	0.03%
EVTC	D	0.03%
CIEN	B	0.03%
TLRY	F	0.03%
OFIX	A	0.03%
DNB	B	0.03%
SWIM	C	0.03%
BBIO	D	0.03%
HNI	D	0.03%
ACCD	F	0.03%
BILL	A	0.03%
QDEL	F	0.03%
QXO	C	0.03%
UDMY	C	0.03%
RLI	B	0.03%
UVE	C	0.03%
BRSP	C	0.03%
SLAB	F	0.03%
ATRC	A	0.03%
FLYW	C	0.03%
ARWR	F	0.03%
RDFN	C	0.03%
CLVT	D	0.03%
EVH	D	0.03%
IVR	F	0.03%
HXL	F	0.02%
AEIS	A	0.02%
PII	F	0.02%
NEXA	A	0.02%
SHO	D	0.02%
MSM	D	0.02%
PRO	C	0.02%
RAMP	D	0.02%
UNFI	A	0.02%
WOOF	B	0.02%
ALAB	A	0.02%
ARCT	F	0.02%
VSTS	F	0.02%
KRNY	B	0.02%
DYN	F	0.02%
KVYO	A	0.02%
BMBL	C	0.02%
HAIN	A	0.02%
CACI	A	0.02%
MTW	F	0.02%
MSA	F	0.02%
LMAT	B	0.02%
WTFC	B	0.02%
FSS	F	0.02%
SAFE	F	0.02%
GPRO	C	0.02%
BRY	F	0.02%
EDR	A	0.02%
NWL	A	0.02%
RLJ	F	0.02%
PR	F	0.02%
IRWD	F	0.02%
DOCN	B	0.02%
TSE	D	0.02%
EPR	D	0.02%
CNDT	D	0.02%
QRTEA	F	0.02%
RGNX	F	0.02%
CRSP	C	0.02%
PTCT	B	0.02%
USNA	D	0.02%
SITC	F	0.02%
OPEN	F	0.02%
TWO	F	0.02%
LANC	B	0.02%
AIN	F	0.01%
PGEN	F	0.01%
GO	F	0.01%
DINO	F	0.01%
SFIX	C	0.01%
JOBY	D	0.01%
BIGC	F	0.01%
VAL	F	0.01%
ALGM	F	0.01%
ARR	D	0.01%
POWI	C	0.01%
XPRO	F	0.01%
JAMF	D	0.01%
TR	F	0.01%
OMER	B	0.01%
VRE	D	0.01%
UTL	D	0.01%
NWN	C	0.01%
MITK	D	0.01%
FLWS	B	0.01%
OIS	D	0.01%
MBC	B	0.01%
NTLA	F	0.01%
ZUO	A	0.01%
TDC	B	0.01%
HCAT	C	0.01%
SWI	B	0.01%
MLAB	D	0.01%
RBRK	A	0.01%
TTGT	C	0.01%
ROIV	D	0.01%
AXS	C	0.01%
BSIG	A	0.01%
SWTX	D	0.01%
PYCR	B	0.01%
CAKE	A	0.01%
ENR	B	0.01%
MBLY	C	0.01%
GWRE	B	0.01%
NFBK	C	0.01%
UPWK	A	0.01%
RXT	C	0.01%
BYD	A	0.01%
OSIS	F	0.01%
OSUR	F	0.01%
ERAS	C	0.01%
SEE	A	0.0%
GDOT	C	0.0%
NBTB	D	0.0%
EIG	C	0.0%
TRMK	B	0.0%
PFBC	B	0.0%
CASH	A	0.0%
UNM	A	0.0%
PRDO	B	0.0%

SMLF Underweight 422 Positions Relative to EBIT

Symbol	Grade	Weight
BTU	A	-0.6%
BXMT	C	-0.56%
ABR	B	-0.54%
MTH	D	-0.49%
ESNT	F	-0.48%
ACT	D	-0.44%
NNI	A	-0.43%
VLY	A	-0.39%
MGY	C	-0.39%
CRK	B	-0.38%
KBH	D	-0.38%
CRGY	B	-0.36%
CALM	B	-0.35%
VSCO	A	-0.34%
NOG	F	-0.33%
CMRE	C	-0.31%
PMT	D	-0.31%
RWT	D	-0.31%
HRI	A	-0.3%
NMRK	C	-0.3%
SIGI	C	-0.29%
ADNT	F	-0.29%
GPOR	F	-0.28%
CCOI	B	-0.28%
MHO	D	-0.27%
CCS	F	-0.27%
PAGS	F	-0.27%
HBI	A	-0.27%
SEM	B	-0.27%
ONB	A	-0.26%
KNTK	B	-0.26%
GTN	C	-0.26%
RRR	F	-0.26%
STNE	F	-0.26%
STNG	F	-0.25%
RC	F	-0.25%
HOMB	B	-0.25%
VCTR	A	-0.25%
HLNE	A	-0.24%
NMIH	D	-0.24%
GOGL	F	-0.24%
KTB	A	-0.24%
GRBK	D	-0.24%
HGV	C	-0.24%
FUL	F	-0.24%
CWH	F	-0.24%
EAF	B	-0.23%
CATY	A	-0.23%
PATK	F	-0.23%
MRVI	F	-0.23%
APAM	A	-0.23%
GHC	A	-0.22%
GLNG	B	-0.22%
ABCB	B	-0.22%
NWE	D	-0.22%
SUM	A	-0.21%
VHI	B	-0.21%
REZI	C	-0.21%
INSW	F	-0.21%
FTDR	B	-0.21%
SHOO	D	-0.21%
BOOT	D	-0.2%
EPRT	C	-0.2%
CADE	B	-0.2%
GBCI	A	-0.2%
CABO	C	-0.2%
SBH	B	-0.19%
SFNC	A	-0.19%
LCII	D	-0.19%
UBSI	A	-0.19%
FG	F	-0.19%
GT	F	-0.19%
SGRY	F	-0.19%
VYX	F	-0.19%
MBIN	F	-0.19%
BANR	A	-0.18%
DCOM	B	-0.18%
ALE	A	-0.18%
TROX	F	-0.18%
CSTM	F	-0.18%
BXC	A	-0.18%
INDB	B	-0.18%
WSFS	D	-0.18%
LBRT	F	-0.18%
FIBK	B	-0.18%
APLE	C	-0.18%
FELE	D	-0.18%
VRTS	B	-0.18%
UE	B	-0.18%
ARI	F	-0.18%
HOPE	D	-0.17%
LILAK	A	-0.17%
HTLF	A	-0.17%
PPBI	B	-0.17%
UCB	D	-0.17%
EFSC	B	-0.17%
ACIW	C	-0.17%
TOWN	D	-0.17%
AUB	C	-0.16%
PRIM	A	-0.16%
STEP	B	-0.16%
ATLC	A	-0.16%
VTLE	F	-0.16%
ECPG	D	-0.16%
ABM	B	-0.16%
CBU	A	-0.16%
SASR	A	-0.16%
IBTX	B	-0.16%
FBNC	D	-0.15%
CNOB	D	-0.15%
STC	D	-0.15%
HPK	F	-0.15%
DFH	F	-0.15%
VBTX	B	-0.15%
AVA	D	-0.15%
SKYW	A	-0.15%
DIOD	F	-0.15%
LGIH	F	-0.15%
HUBG	D	-0.15%
TGLS	B	-0.15%
FFBC	A	-0.15%
PTVE	D	-0.15%
EFC	D	-0.14%
AMRK	D	-0.14%
FBRT	B	-0.14%
PLAY	C	-0.14%
FBK	B	-0.14%
BZH	D	-0.14%
GDEN	F	-0.14%
ZD	F	-0.14%
WERN	A	-0.14%
BNL	D	-0.14%
WSBC	A	-0.14%
VRRM	F	-0.13%
CIO	D	-0.13%
RES	F	-0.13%
PLAB	F	-0.13%
TCBK	C	-0.13%
FOR	F	-0.13%
ARL	F	-0.13%
WLFC	B	-0.13%
ATSG	A	-0.13%
FRME	C	-0.13%
CCO	F	-0.13%
VEL	D	-0.13%
CLPR	B	-0.13%
PARR	F	-0.12%
PRAA	D	-0.12%
PFC	A	-0.12%
ANDE	F	-0.12%
DHC	D	-0.12%
FLNG	F	-0.12%
PFS	B	-0.12%
ESGR	C	-0.12%
HAFC	A	-0.12%
IRT	D	-0.11%
TRST	D	-0.11%
WMK	D	-0.11%
CPSS	A	-0.11%
AOSL	D	-0.11%
AXL	F	-0.11%
SPTN	D	-0.11%
HRMY	D	-0.11%
NHC	C	-0.11%
URBN	F	-0.11%
CMPO	B	-0.11%
ALGT	B	-0.11%
FWRD	C	-0.11%
TCI	F	-0.11%
DK	F	-0.11%
TGI	C	-0.1%
CCRN	F	-0.1%
TRS	B	-0.1%
LESL	F	-0.1%
LEU	A	-0.1%
DRH	D	-0.1%
CENT	D	-0.1%
ROG	D	-0.1%
TTMI	A	-0.1%
OEC	F	-0.1%
MD	A	-0.1%
HLIO	A	-0.1%
TWI	F	-0.1%
TALO	D	-0.1%
FLGT	C	-0.1%
USPH	F	-0.1%
SBCF	B	-0.1%
NAPA	A	-0.1%
HZO	F	-0.1%
INMD	C	-0.1%
AVO	C	-0.09%
CCSI	B	-0.09%
UTMD	F	-0.09%
GOOD	C	-0.09%
HONE	D	-0.09%
EBF	F	-0.09%
BBSI	D	-0.09%
IRMD	C	-0.09%
AMAL	B	-0.09%
SJW	F	-0.09%
FA	D	-0.09%
ASIX	C	-0.09%
ROCK	D	-0.09%
LOCO	D	-0.09%
ARKO	C	-0.09%
GTLS	B	-0.09%
UVSP	B	-0.09%
LKFN	B	-0.09%
SMBK	A	-0.09%
CBRL	C	-0.08%
BV	A	-0.08%
BCML	A	-0.08%
LC	A	-0.08%
JJSF	C	-0.08%
MODG	F	-0.08%
IART	C	-0.08%
RBB	D	-0.08%
CAC	A	-0.08%
ALG	C	-0.08%
WSR	B	-0.08%
LOB	D	-0.08%
PEBO	B	-0.08%
FOXF	F	-0.08%
DHT	F	-0.07%
LGTY	B	-0.07%
MLR	A	-0.07%
ACDC	D	-0.07%
TH	F	-0.07%
USCB	A	-0.07%
CSV	A	-0.07%
MCBS	C	-0.07%
BGS	C	-0.07%
TRAK	C	-0.07%
GENC	B	-0.07%
SKWD	B	-0.07%
HTLD	F	-0.07%
VLGEA	D	-0.07%
SCSC	F	-0.07%
ONEW	D	-0.07%
CARE	B	-0.07%
PLMR	D	-0.07%
III	F	-0.07%
MBUU	A	-0.07%
BCAL	B	-0.07%
PLOW	F	-0.07%
ESSA	B	-0.07%
CCB	A	-0.07%
EBC	C	-0.07%
OLP	C	-0.07%
GOGO	F	-0.06%
ACRE	F	-0.06%
ALEX	C	-0.06%
MNRO	A	-0.06%
REX	F	-0.06%
CSR	D	-0.06%
LNN	C	-0.06%
REPX	F	-0.06%
ZEUS	F	-0.06%
STRA	F	-0.06%
HVT	F	-0.06%
PRA	B	-0.06%
MCW	A	-0.06%
UNTY	B	-0.06%
OSW	A	-0.06%
FPI	A	-0.06%
VSEC	A	-0.06%
MFIN	A	-0.06%
MRAM	C	-0.06%
HBT	D	-0.06%
PKE	C	-0.06%
TFIN	B	-0.06%
TIPT	A	-0.06%
NVEC	F	-0.06%
PAHC	B	-0.06%
DXPE	C	-0.06%
CBNK	B	-0.06%
RM	D	-0.06%
MG	F	-0.06%
RDVT	A	-0.06%
PANL	F	-0.06%
FFWM	D	-0.06%
KODK	F	-0.06%
COLL	F	-0.06%
HCI	B	-0.06%
UCTT	F	-0.06%
FRBA	D	-0.06%
UTZ	B	-0.06%
AMWD	D	-0.06%
GIC	F	-0.06%
BSVN	B	-0.05%
EGAN	D	-0.05%
BRT	F	-0.05%
ITOS	F	-0.05%
RVLV	B	-0.05%
AMRC	C	-0.05%
MYRG	B	-0.05%
SNCY	A	-0.05%
HDSN	F	-0.05%
MAPS	F	-0.05%
ATLO	F	-0.05%
PINE	D	-0.05%
REI	F	-0.05%
AVNS	F	-0.05%
PNRG	B	-0.05%
BFC	B	-0.05%
TITN	D	-0.05%
KFS	B	-0.05%
DENN	D	-0.05%
GCI	C	-0.05%
ITIC	B	-0.05%
BBW	A	-0.05%
TTEC	D	-0.05%
METC	F	-0.05%
FORR	F	-0.05%
IIIN	F	-0.05%
NREF	C	-0.05%
LPRO	C	-0.05%
ACMR	D	-0.05%
FORM	F	-0.05%
PLPC	A	-0.05%
GRNT	F	-0.05%
HMN	A	-0.05%
SCVL	F	-0.05%
SGHC	B	-0.05%
CRCT	B	-0.05%
PSTL	C	-0.05%
OVLY	A	-0.04%
GNTY	D	-0.04%
CBAN	D	-0.04%
GLRE	C	-0.04%
SSBK	A	-0.04%
THRY	F	-0.04%
FNLC	D	-0.04%
UFPT	D	-0.04%
SWKH	D	-0.04%
FRPH	D	-0.04%
FWRG	B	-0.04%
INSE	A	-0.04%
LEGH	C	-0.04%
NL	B	-0.04%
HBCP	B	-0.04%
GMRE	D	-0.04%
AMPY	F	-0.04%
LYTS	A	-0.04%
YORW	F	-0.04%
QUAD	A	-0.04%
OFLX	C	-0.04%
RRBI	A	-0.04%
PFIS	A	-0.04%
SCHL	F	-0.04%
NTST	F	-0.04%
PCB	B	-0.04%
PRTH	D	-0.04%
ACTG	D	-0.04%
ARHS	F	-0.04%
REFI	D	-0.04%
IMMR	F	-0.04%
LQDT	D	-0.04%
UHT	D	-0.04%
MOV	F	-0.04%
CTOS	D	-0.03%
JMSB	A	-0.03%
BBCP	D	-0.03%
FSP	A	-0.03%
CRMT	F	-0.03%
JRVR	F	-0.03%
VABK	C	-0.03%
NEOG	D	-0.03%
VRNT	F	-0.03%
PBFS	A	-0.03%
IBEX	D	-0.03%
VREX	C	-0.03%
MMI	D	-0.03%
TTSH	A	-0.03%
LSEA	F	-0.03%
SLP	F	-0.03%
SIGA	D	-0.03%
MYE	F	-0.03%
HFFG	C	-0.03%
KRT	C	-0.03%
ALCO	F	-0.03%
PTSI	D	-0.03%
GWRS	D	-0.03%
RGP	F	-0.03%
CASS	B	-0.03%
BHR	D	-0.03%
CLFD	D	-0.03%
SHLS	F	-0.03%
PLBC	B	-0.03%
CTO	B	-0.03%
NATH	A	-0.03%
DXLG	F	-0.02%
EPM	F	-0.02%
GCBC	F	-0.02%
JILL	F	-0.02%
FVCB	B	-0.02%
CHGG	F	-0.02%
CURV	F	-0.02%
CTRN	C	-0.02%
STAA	F	-0.02%
MYFW	C	-0.02%
NKSH	D	-0.02%
SHYF	B	-0.02%
NWFL	A	-0.02%
OBT	D	-0.02%
CLW	F	-0.02%
AVNW	F	-0.02%
COFS	A	-0.02%
RILY	D	-0.02%
VALU	B	-0.02%
LCUT	F	-0.02%
TRC	F	-0.02%
MPX	F	-0.02%
CIX	C	-0.02%
PCYO	B	-0.02%
TSBK	B	-0.02%
NTIC	C	-0.02%
PGNY	F	-0.01%
RMNI	D	-0.01%
SMLR	C	-0.01%
HQI	D	-0.01%
EWCZ	C	-0.01%