SMLF vs. EES ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to WisdomTree SmallCap Earnings Fund (EES)

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

$71.68

Average Daily Volume

70,474

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

EES

WisdomTree SmallCap Earnings Fund

EES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.74

Average Daily Volume

21,393

Number of Holdings ^*

838

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	EES
30 Days	7.55%	8.04%
60 Days	8.72%	7.50%
90 Days	9.84%	7.99%
12 Months	38.08%	30.39%

197 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in EES	Overlap
ACCO	C	0.13%	0.13%	0.13%
AGM	B	0.1%	0.19%	0.1%
AGS	A	0.04%	0.02%	0.02%
AGX	B	0.08%	0.14%	0.08%
AGYS	A	0.04%	0.09%	0.04%
ALX	D	0.1%	0.11%	0.1%
AMBC	C	0.05%	0.16%	0.05%
AMCX	C	0.06%	0.08%	0.06%
AMRX	C	0.07%	0.25%	0.07%
APOG	C	0.11%	0.2%	0.11%
ARCT	F	0.02%	0.08%	0.02%
AROC	A	0.12%	0.16%	0.12%
ARRY	F	0.04%	0.08%	0.04%
ATEN	A	0.09%	0.09%	0.09%
AX	B	0.0%	0.64%	0.0%
BAND	B	0.11%	0.04%	0.04%
BDN	C	0.13%	0.24%	0.13%
BFH	C	0.0%	0.76%	0.0%
BKE	B	0.12%	0.31%	0.12%
BKU	A	0.0%	0.33%	0.0%
BLMN	F	0.05%	0.17%	0.05%
BOH	B	0.0%	0.24%	0.0%
BRC	D	0.17%	0.28%	0.17%
BRY	F	0.02%	0.08%	0.02%
BSIG	A	0.01%	0.1%	0.01%
CAKE	C	0.01%	0.21%	0.01%
CAL	F	0.08%	0.16%	0.08%
CARG	B	0.11%	0.25%	0.11%
CARS	C	0.08%	0.25%	0.08%
CASH	B	0.0%	0.25%	0.0%
CENTA	C	0.05%	0.16%	0.05%
CFFN	C	0.04%	0.04%	0.04%
CHCO	B	0.0%	0.14%	0.0%
CHWY	B	0.03%	0.11%	0.03%
CPRX	C	0.24%	0.11%	0.11%
CRAI	C	0.01%	0.09%	0.01%
CTBI	B	0.06%	0.1%	0.06%
CUBI	B	0.09%	0.23%	0.09%
CVBF	A	0.05%	0.29%	0.05%
CVCO	A	0.16%	0.35%	0.16%
CXW	C	0.11%	0.12%	0.11%
DAN	F	0.02%	0.08%	0.02%
DBI	F	0.02%	0.07%	0.02%
DEI	B	0.0%	0.09%	0.0%
DFIN	D	0.11%	0.08%	0.08%
DH	F	0.07%	0.03%	0.03%
DIN	C	0.04%	0.09%	0.04%
DLX	B	0.08%	0.22%	0.08%
DNOW	B	0.1%	0.17%	0.1%
DVAX	C	0.09%	0.07%	0.07%
EGBN	B	0.0%	0.13%	0.0%
EIG	B	0.0%	0.12%	0.0%
EMBC	C	0.03%	0.16%	0.03%
ENR	B	0.01%	0.28%	0.01%
ENVA	B	0.01%	0.52%	0.01%
EPAC	C	0.07%	0.17%	0.07%
EPC	F	0.01%	0.16%	0.01%
EQC	B	0.07%	0.1%	0.07%
EVRI	A	0.02%	0.17%	0.02%
EVTC	B	0.03%	0.17%	0.03%
EXPI	D	0.1%	0.06%	0.06%
EXTR	C	0.17%	0.18%	0.17%
FHB	B	0.08%	0.37%	0.08%
FLWS	D	0.01%	0.02%	0.01%
FULT	A	0.0%	0.43%	0.0%
GCO	C	0.07%	0.04%	0.04%
GDOT	D	0.0%	0.11%	0.0%
GEO	B	0.12%	0.38%	0.12%
GES	F	0.15%	0.18%	0.15%
GFF	A	0.12%	0.42%	0.12%
GIII	D	0.02%	0.13%	0.02%
HAIN	D	0.01%	0.03%	0.01%
HCAT	D	0.01%	0.02%	0.01%
HE	C	0.06%	0.2%	0.06%
HEES	C	0.09%	0.25%	0.09%
HIW	C	0.18%	0.24%	0.18%
HNI	B	0.03%	0.16%	0.03%
HOV	D	0.1%	0.21%	0.1%
HSII	B	0.31%	0.12%	0.12%
HSTM	B	0.04%	0.03%	0.03%
HTH	C	0.11%	0.1%	0.1%
HURN	C	0.25%	0.13%	0.13%
HWKN	B	0.06%	0.16%	0.06%
IDT	B	0.04%	0.1%	0.04%
IESC	C	0.03%	0.32%	0.03%
IMKTA	C	0.24%	0.2%	0.2%
INVA	D	0.09%	0.09%	0.09%
JACK	C	0.09%	0.1%	0.09%
JAMF	F	0.01%	0.06%	0.01%
JBSS	F	0.17%	0.07%	0.07%
JELD	F	0.02%	0.11%	0.02%
KALU	C	0.01%	0.05%	0.01%
KFRC	D	0.16%	0.07%	0.07%
KN	B	0.08%	0.11%	0.08%
KRNY	C	0.02%	0.02%	0.02%
LGND	C	0.09%	0.21%	0.09%
LMAT	A	0.02%	0.08%	0.02%
LOVE	A	0.11%	0.04%	0.04%
LUMN	C	0.2%	2.09%	0.2%
MATV	D	0.07%	0.09%	0.07%
MCB	B	0.11%	0.11%	0.11%
MED	D	0.06%	0.04%	0.04%
MGNI	B	0.03%	0.16%	0.03%
MITK	C	0.01%	0.05%	0.01%
MLAB	F	0.01%	0.06%	0.01%
MRC	B	0.09%	0.17%	0.09%
MTRN	C	0.1%	0.14%	0.1%
MTW	C	0.02%	0.06%	0.02%
NAVI	F	0.19%	0.35%	0.19%
NBTB	B	0.0%	0.18%	0.0%
NFBK	C	0.01%	0.04%	0.01%
NGVT	B	0.01%	0.21%	0.01%
NHI	D	0.04%	0.17%	0.04%
NRC	F	0.03%	0.02%	0.02%
NSSC	D	0.08%	0.06%	0.06%
NTCT	C	0.11%	0.2%	0.11%
NUS	D	0.02%	0.03%	0.02%
NWN	A	0.01%	0.13%	0.01%
NX	C	0.03%	0.09%	0.03%
ODP	F	0.11%	0.14%	0.11%
OFG	B	0.0%	0.23%	0.0%
OFIX	C	0.03%	0.03%	0.03%
OI	C	0.03%	0.5%	0.03%
OII	B	0.11%	0.11%	0.11%
OIS	B	0.01%	0.02%	0.01%
OLPX	D	0.01%	0.11%	0.01%
OMI	F	0.04%	0.05%	0.04%
OSIS	A	0.02%	0.15%	0.02%
OSUR	F	0.01%	0.03%	0.01%
OXM	F	0.06%	0.17%	0.06%
PD	C	0.08%	0.06%	0.06%
PDCO	F	0.02%	0.19%	0.02%
PDM	D	0.17%	0.1%	0.1%
PFBC	B	0.0%	0.23%	0.0%
PI	D	0.14%	0.15%	0.14%
PLUS	F	0.07%	0.2%	0.07%
POWL	C	0.38%	0.15%	0.15%
PRDO	B	0.0%	0.25%	0.0%
PRG	C	0.17%	0.3%	0.17%
PRGS	A	0.18%	0.28%	0.18%
PRO	C	0.02%	0.03%	0.02%
PZZA	F	0.05%	0.07%	0.05%
RAMP	B	0.02%	0.09%	0.02%
REVG	C	0.03%	0.15%	0.03%
RLJ	C	0.02%	0.05%	0.02%
RNG	C	0.19%	0.37%	0.19%
RYI	C	0.03%	0.09%	0.03%
SAH	C	0.04%	0.4%	0.04%
SATS	D	0.12%	0.22%	0.12%
SCS	C	0.08%	0.12%	0.08%
SHO	D	0.01%	0.1%	0.01%
SLVM	B	0.02%	0.59%	0.02%
SNEX	A	0.07%	0.34%	0.07%
SONO	C	0.05%	0.18%	0.05%
SPB	C	0.15%	0.1%	0.1%
SRCE	B	0.16%	0.16%	0.16%
SSTK	F	0.11%	0.13%	0.11%
STGW	A	0.01%	0.17%	0.01%
STRL	A	0.29%	0.39%	0.29%
SUPN	C	0.03%	0.06%	0.03%
SWI	C	0.01%	0.18%	0.01%
SWIM	C	0.03%	0.04%	0.03%
TBBK	C	0.0%	0.27%	0.0%
THR	B	0.05%	0.07%	0.05%
TILE	B	0.05%	0.15%	0.05%
TNC	D	0.06%	0.13%	0.06%
TPB	B	0.04%	0.06%	0.04%
TPG	A	0.2%	0.98%	0.2%
TR	B	0.01%	0.1%	0.01%
TRMK	C	0.0%	0.26%	0.0%
TRN	B	0.06%	0.15%	0.06%
TTGT	B	0.01%	0.07%	0.01%
UPBD	B	0.09%	0.24%	0.09%
UPWK	B	0.01%	0.07%	0.01%
USNA	C	0.02%	0.07%	0.02%
UTL	B	0.01%	0.07%	0.01%
UVE	B	0.03%	0.07%	0.03%
UVV	B	0.06%	0.13%	0.06%
VECO	F	0.1%	0.11%	0.1%
VIAV	C	0.03%	0.13%	0.03%
VIRT	A	0.03%	0.36%	0.03%
VITL	D	0.03%	0.06%	0.03%
VMEO	B	0.13%	0.04%	0.04%
VNDA	C	0.03%	0.03%	0.03%
VSTO	A	0.14%	0.47%	0.14%
WAFD	B	0.12%	0.32%	0.12%
WGO	C	0.05%	0.28%	0.05%
WNC	C	0.07%	0.2%	0.07%
WTI	F	0.01%	0.01%	0.01%
WTTR	A	0.06%	0.15%	0.06%
XHR	B	0.03%	0.07%	0.03%
XNCR	B	0.15%	0.05%	0.05%
XRX	F	0.18%	0.24%	0.18%
YEXT	B	0.14%	0.04%	0.04%
YOU	D	0.23%	0.08%	0.08%
ZIP	D	0.05%	0.06%	0.05%
ZUO	B	0.01%	0.04%	0.01%

SMLF Overweight 613 Positions Relative to EES

Symbol	Grade	Weight
APP	B	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	B	0.73%
DECK	B	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	B	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	B	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%
UTHR	C	0.38%
DKS	F	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%
PIPR	A	0.34%
CAVA	B	0.34%
WK	B	0.34%
LAMR	C	0.33%
JHG	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	B	0.31%
FR	D	0.31%
SOLV	D	0.31%
MAC	B	0.31%
DDS	B	0.31%
THC	D	0.31%
TPR	B	0.3%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	B	0.3%
ANF	F	0.3%
CHE	D	0.3%
GGG	B	0.3%
EXE	A	0.29%
TTEK	F	0.29%
PSTG	D	0.29%
PRI	B	0.28%
R	B	0.28%
AGO	B	0.27%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
SIG	B	0.26%
GPK	C	0.26%
AMH	C	0.25%
OVV	B	0.25%
MOD	A	0.25%
CFR	B	0.25%
TPX	B	0.24%
CBSH	B	0.24%
TREX	C	0.24%
RMBS	B	0.24%
AN	C	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
ZION	B	0.24%
CW	C	0.23%
ENTG	D	0.23%
GAP	C	0.23%
LSCC	D	0.23%
AMG	B	0.23%
UFPI	C	0.23%
EXLS	B	0.23%
BCC	C	0.22%
SANM	B	0.22%
GPI	B	0.22%
APA	D	0.22%
RPM	A	0.22%
WS	B	0.22%
COKE	C	0.22%
AXSM	B	0.22%
MATX	C	0.21%
RNR	C	0.21%
AR	B	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%
ATKR	D	0.2%
RRX	B	0.2%
AGCO	D	0.2%
DTM	A	0.2%
DNLI	D	0.2%
BBWI	C	0.2%
HAE	C	0.2%
WCC	B	0.2%
TEX	F	0.19%
M	F	0.19%
SMG	C	0.19%
JOE	F	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	A	0.18%
KNSL	B	0.18%
ARW	D	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	B	0.18%
ESAB	C	0.18%
USFD	A	0.18%
OC	A	0.18%
GLPI	C	0.18%
FROG	C	0.18%
DCI	B	0.18%
AVNT	C	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
ACLX	C	0.17%
TKR	D	0.17%
LNW	F	0.17%
LNTH	D	0.17%
KRG	B	0.17%
RHI	C	0.17%
XPO	B	0.17%
AIZ	A	0.17%
PRKS	B	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	A	0.16%
ALLE	C	0.16%
BL	B	0.16%
BMI	B	0.16%
BJ	A	0.16%
WTM	A	0.16%
SLM	A	0.16%
LRN	A	0.16%
TOL	B	0.16%
GME	C	0.16%
TNL	A	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	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%
RL	C	0.15%
ONTO	F	0.15%
W	D	0.15%
VMI	B	0.15%
FTAI	A	0.15%
DOCS	C	0.15%
ABG	C	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%
CMC	B	0.14%
BRKR	D	0.14%
NJR	A	0.14%
ENSG	C	0.14%
UA	C	0.14%
TTC	C	0.14%
PCTY	C	0.14%
SCI	B	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	F	0.14%
TPH	D	0.14%
BLKB	B	0.13%
BPMC	B	0.13%
THO	B	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	F	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
GOLF	B	0.13%
RYAN	A	0.13%
KAI	B	0.13%
QLYS	B	0.13%
SFBS	B	0.13%
FYBR	C	0.13%
NUVL	C	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
INSP	D	0.12%
AWR	B	0.12%
SAIA	B	0.12%
KBR	F	0.12%
BASE	B	0.12%
ACLS	F	0.12%
NYT	D	0.12%
OGE	A	0.12%
WH	B	0.12%
KRC	B	0.12%
WEN	D	0.12%
NOV	C	0.12%
AIT	B	0.12%
CBT	D	0.12%
BSY	F	0.12%
WTS	B	0.12%
FHI	B	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	C	0.11%
PTEN	C	0.11%
CUBE	C	0.11%
MFA	D	0.11%
ACAD	C	0.11%
CRUS	D	0.11%
SPSC	D	0.11%
CHX	C	0.11%
MDGL	B	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	C	0.1%
ASB	B	0.1%
CHDN	B	0.1%
HP	C	0.1%
ACA	A	0.1%
BECN	B	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	C	0.1%
CRDO	B	0.1%
CRC	A	0.1%
LSTR	D	0.1%
NNN	C	0.1%
HUN	F	0.1%
ICFI	F	0.1%
SYNA	C	0.1%
X	B	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
WAL	B	0.1%
KLIC	B	0.1%
BERY	C	0.1%
INSM	C	0.1%
WMS	F	0.1%
VRNS	D	0.1%
HIMS	C	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%
MTN	C	0.09%
PCVX	D	0.09%
APG	B	0.09%
PBH	A	0.09%
HI	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	C	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
TMHC	C	0.09%
OHI	C	0.09%
MTG	C	0.09%
COUR	F	0.09%
AMLX	C	0.09%
OLN	F	0.09%
WEX	D	0.09%
SON	F	0.09%
CRS	B	0.09%
EXPO	D	0.09%
VC	F	0.08%
FIVN	D	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%
OZK	B	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
OSCR	D	0.08%
YETI	D	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%
CUZ	B	0.08%
KSS	F	0.08%
MIDD	C	0.08%
BDC	C	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%
HASI	D	0.07%
PEN	B	0.07%
EYPT	D	0.07%
WYNN	C	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%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	B	0.07%
ASH	F	0.07%
KNF	B	0.07%
SM	B	0.07%
TXRH	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
NXST	C	0.07%
NVST	B	0.06%
CC	C	0.06%
AVXL	B	0.06%
YELP	C	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	0.06%
S	B	0.06%
FN	C	0.06%
NXT	C	0.06%
ILPT	F	0.06%
HCC	B	0.06%
CNX	A	0.06%
STWD	C	0.06%
MCY	A	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%
NSIT	F	0.06%
SOFI	B	0.06%
FLO	D	0.06%
RDN	D	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%
ADMA	B	0.06%
APPF	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
KD	B	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%
ITRI	C	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
BEAM	D	0.05%
SITE	F	0.05%
CERS	D	0.05%
AEO	F	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%
VNT	C	0.05%
WBS	A	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%
LECO	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%
PRGO	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
ENS	F	0.04%
SANA	F	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%
ROKU	D	0.04%
BILL	A	0.04%
HLF	C	0.04%
ANGI	F	0.04%
IBP	D	0.04%
ACHC	F	0.04%
MMS	F	0.04%
FHN	A	0.04%
BCPC	B	0.04%
TDS	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%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
CHRD	D	0.03%
FL	F	0.03%
RGNX	D	0.03%
VCEL	A	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
CIEN	C	0.03%
QDEL	F	0.03%
SNBR	F	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
AMN	F	0.03%
ACCD	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%
OLED	F	0.03%
BKD	F	0.03%
CVI	F	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	D	0.02%
MSM	C	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
OMER	A	0.02%
VSTS	C	0.02%
DYN	F	0.02%
EVH	F	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	D	0.02%
EDR	A	0.02%
DOCN	C	0.02%
ALAB	B	0.02%
NWL	C	0.02%
EPR	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
WTFC	A	0.02%
DY	D	0.02%
CLVT	D	0.02%
PR	B	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%
LANC	C	0.02%
ARCB	C	0.02%
CALX	D	0.02%
CWK	C	0.01%
ALGM	D	0.01%
VAL	F	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
PCH	D	0.01%
SFIX	B	0.01%
POWI	F	0.01%
TDC	D	0.01%
XPRO	D	0.01%
MBC	C	0.01%
BIGC	B	0.01%
GO	C	0.01%
JOBY	B	0.01%
BKH	A	0.01%
NTLA	F	0.01%
VRE	B	0.01%
ROIV	C	0.01%
SWX	B	0.01%
RBRK	A	0.01%
HQY	A	0.01%
HMST	F	0.01%
AXS	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%
SWTX	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
BYD	B	0.01%
HXL	F	0.01%
AEIS	C	0.01%
MAGN	D	0.0%
MC	C	0.0%
SEE	C	0.0%
JXN	C	0.0%
GNW	A	0.0%
UNM	A	0.0%
FBP	C	0.0%
CMA	B	0.0%

SMLF Underweight 641 Positions Relative to EES

Symbol	Grade	Weight
CALM	A	-1.06%
BGC	C	-0.62%
VCTR	B	-0.61%
EAT	A	-0.59%
JWN	D	-0.51%
LEVI	F	-0.47%
SNDR	B	-0.47%
PRIM	A	-0.46%
NMIH	C	-0.45%
WSFS	B	-0.44%
GRBK	D	-0.42%
NMRK	C	-0.4%
GPOR	B	-0.4%
HTLF	B	-0.4%
CRGY	B	-0.38%
PINC	B	-0.37%
EBC	B	-0.37%
MSGE	F	-0.37%
FFBC	B	-0.37%
SFNC	C	-0.36%
ICUI	D	-0.36%
VYX	B	-0.34%
FA	C	-0.34%
FRME	B	-0.34%
BOOT	C	-0.33%
INDB	B	-0.33%
CCS	D	-0.33%
AUB	B	-0.33%
PFS	B	-0.32%
ATGE	B	-0.32%
SBH	C	-0.31%
HUBG	A	-0.31%
REZI	A	-0.3%
BANR	B	-0.3%
CNK	C	-0.3%
PARR	F	-0.3%
EFSC	B	-0.3%
CBU	B	-0.29%
VSCO	C	-0.28%
SABR	C	-0.27%
PPBI	C	-0.27%
PATK	C	-0.27%
USLM	A	-0.27%
DK	C	-0.27%
TTMI	C	-0.26%
DORM	B	-0.26%
MBIN	F	-0.26%
GHC	B	-0.26%
DFH	D	-0.25%
COLL	F	-0.25%
WLFC	B	-0.25%
IBTX	B	-0.25%
MGRC	B	-0.24%
VTLE	C	-0.24%
ALGT	B	-0.24%
ULH	C	-0.24%
COMM	D	-0.24%
IIPR	D	-0.23%
RES	D	-0.23%
ATSG	A	-0.23%
MTX	B	-0.22%
TOWN	B	-0.22%
BZH	C	-0.22%
FBK	C	-0.22%
NNI	D	-0.21%
SASR	B	-0.21%
HOPE	C	-0.21%
DXPE	B	-0.21%
GDEN	B	-0.21%
STBA	B	-0.21%
MD	C	-0.21%
PRK	B	-0.21%
WSBC	B	-0.21%
GBX	A	-0.2%
LZB	B	-0.2%
AMWD	C	-0.2%
NBHC	C	-0.2%
ENV	B	-0.2%
VBTX	B	-0.2%
RNST	B	-0.2%
WKC	C	-0.19%
HPK	B	-0.19%
AZZ	A	-0.19%
SXT	C	-0.19%
FCF	B	-0.19%
KMT	B	-0.18%
AMRK	F	-0.18%
HRMY	F	-0.18%
VRNT	C	-0.18%
DCOM	B	-0.18%
NWBI	B	-0.18%
VRTS	B	-0.18%
MBUU	C	-0.18%
WERN	C	-0.18%
QCRH	B	-0.18%
CRI	F	-0.18%
SBCF	B	-0.18%
FOR	F	-0.18%
MWA	B	-0.18%
SYBT	B	-0.17%
PLAB	C	-0.17%
KAR	B	-0.17%
BXC	B	-0.17%
PTVE	B	-0.17%
QTWO	A	-0.17%
LAUR	A	-0.17%
WABC	B	-0.17%
REPX	A	-0.17%
GRNT	B	-0.17%
TCBK	C	-0.16%
PSMT	D	-0.16%
RDNT	B	-0.16%
ALG	B	-0.16%
TH	C	-0.16%
BHE	C	-0.16%
SCSC	C	-0.15%
ROCK	C	-0.15%
EVCM	B	-0.15%
PLAY	D	-0.15%
FBNC	B	-0.15%
STEP	C	-0.15%
PEBO	B	-0.15%
SITM	B	-0.15%
WMK	C	-0.15%
HAYW	B	-0.15%
BY	B	-0.15%
MXL	C	-0.15%
OCFC	B	-0.15%
NXRT	B	-0.15%
GCI	D	-0.14%
ARHS	F	-0.14%
PJT	A	-0.14%
CSGS	B	-0.14%
SCVL	F	-0.14%
HY	D	-0.14%
THS	D	-0.14%
CPK	A	-0.14%
AMAL	B	-0.14%
MLKN	F	-0.14%
TRIP	F	-0.14%
MCRI	A	-0.14%
OMCL	C	-0.14%
UIS	C	-0.14%
SHAK	C	-0.14%
BUSE	B	-0.14%
PFC	B	-0.14%
SXI	B	-0.14%
NIC	B	-0.13%
BOWL	C	-0.13%
CYH	F	-0.13%
RBCAA	B	-0.13%
MIR	A	-0.13%
PLMR	A	-0.13%
GVA	A	-0.13%
BV	C	-0.13%
FCPT	C	-0.13%
AESI	B	-0.13%
BHLB	B	-0.13%
BELFB	C	-0.13%
MCW	C	-0.13%
AKR	B	-0.13%
ASIX	B	-0.13%
ROAD	B	-0.13%
GOGO	C	-0.13%
HLIO	B	-0.13%
AHCO	F	-0.13%
CCSI	C	-0.12%
FBMS	B	-0.12%
ESRT	C	-0.12%
AIR	B	-0.12%
PUMP	C	-0.12%
HAFC	B	-0.12%
PAYO	A	-0.12%
PX	A	-0.12%
SD	D	-0.12%
GABC	B	-0.12%
BANC	B	-0.12%
CTS	C	-0.12%
HZO	F	-0.12%
MYRG	B	-0.12%
ACMR	D	-0.12%
DGII	C	-0.12%
ATLC	A	-0.11%
OSBC	A	-0.11%
MLR	C	-0.11%
CNXN	C	-0.11%
VSEC	C	-0.11%
VERX	A	-0.11%
UVSP	B	-0.11%
ANIP	F	-0.11%
SBSI	C	-0.11%
INFN	D	-0.11%
LTC	B	-0.11%
ADUS	D	-0.11%
HNRG	B	-0.11%
ACEL	C	-0.11%
ETD	C	-0.11%
PAHC	C	-0.11%
LXU	B	-0.11%
GCMG	A	-0.11%
CNOB	B	-0.11%
CWAN	B	-0.11%
ECVT	C	-0.1%
KNTK	A	-0.1%
KOP	C	-0.1%
OBK	C	-0.1%
LKFN	C	-0.1%
BBW	C	-0.1%
MBWM	B	-0.1%
TRS	B	-0.1%
HBNC	B	-0.1%
AAT	B	-0.1%
ANET	C	-0.1%
NAPA	A	-0.1%
JBI	F	-0.1%
CHEF	A	-0.1%
DRH	B	-0.1%
RXO	D	-0.1%
KODK	B	-0.1%
CMCO	C	-0.1%
RVLV	A	-0.1%
USM	B	-0.1%
CFB	B	-0.09%
GSBC	C	-0.09%
STRA	C	-0.09%
GTY	A	-0.09%
LC	C	-0.09%
MRTN	D	-0.09%
SKWD	A	-0.09%
SNCY	C	-0.09%
EZPW	B	-0.09%
CPF	B	-0.09%
GDRX	F	-0.09%
ADV	D	-0.09%
BBSI	B	-0.09%
LNN	B	-0.09%
UCTT	D	-0.09%
GSHD	A	-0.09%
CBRL	C	-0.09%
REI	D	-0.09%
KTOS	B	-0.09%
BRKL	B	-0.09%
VICR	C	-0.09%
TRDA	C	-0.09%
COHU	C	-0.09%
PCRX	C	-0.09%
MCFT	C	-0.09%
SXC	A	-0.09%
PLPC	B	-0.09%
LEGH	D	-0.09%
SJW	F	-0.09%
HFWA	C	-0.09%
UFPT	C	-0.09%
CWH	B	-0.09%
HTBK	B	-0.08%
NBN	C	-0.08%
HCKT	B	-0.08%
IBCP	B	-0.08%
BHRB	B	-0.08%
ROG	D	-0.08%
TRST	B	-0.08%
EE	A	-0.08%
SPFI	C	-0.08%
NVEE	F	-0.08%
SMP	C	-0.08%
PRVA	C	-0.08%
FMBH	B	-0.08%
HBT	B	-0.08%
THRM	F	-0.08%
FWRD	D	-0.08%
MODG	F	-0.08%
RMR	F	-0.08%
UE	B	-0.08%
LEU	C	-0.08%
MSBI	B	-0.08%
SHYF	C	-0.07%
MCBS	B	-0.07%
WWW	A	-0.07%
IMMR	C	-0.07%
RPAY	D	-0.07%
REX	D	-0.07%
TFIN	B	-0.07%
ALEX	B	-0.07%
NWPX	A	-0.07%
RBBN	C	-0.07%
ROIC	A	-0.07%
SPTN	D	-0.07%
HAYN	A	-0.07%
NGVC	A	-0.07%
NABL	F	-0.07%
ANDE	D	-0.07%
BFST	C	-0.07%
SENEA	A	-0.07%
CLW	F	-0.07%
PGC	B	-0.07%
MRCY	C	-0.07%
DAKT	C	-0.07%
AVNS	F	-0.07%
CTOS	B	-0.07%
EGY	D	-0.07%
ASTE	C	-0.07%
TASK	C	-0.07%
LOB	C	-0.07%
TITN	C	-0.07%
UTZ	F	-0.07%
PNTG	D	-0.07%
ASTH	F	-0.07%
HLIT	D	-0.07%
CSV	B	-0.07%
VLGEA	C	-0.07%
HCSG	C	-0.07%
MGPI	F	-0.07%
AMPY	C	-0.07%
MATW	C	-0.07%
HVT	D	-0.06%
IMXI	B	-0.06%
STAA	F	-0.06%
CCBG	B	-0.06%
CCNE	C	-0.06%
MPX	C	-0.06%
EBF	F	-0.06%
DNUT	F	-0.06%
FISI	B	-0.06%
WEYS	C	-0.06%
KE	C	-0.06%
EGHT	B	-0.06%
ONEW	F	-0.06%
CLBK	C	-0.06%
RNGR	A	-0.06%
MTUS	C	-0.06%
SCL	C	-0.06%
STC	B	-0.06%
PKOH	C	-0.06%
CCRN	F	-0.06%
TGI	B	-0.06%
LMB	B	-0.06%
NHC	C	-0.06%
RGR	F	-0.06%
XPEL	B	-0.06%
THFF	B	-0.06%
HTBI	B	-0.06%
BGS	F	-0.06%
WSR	A	-0.06%
LYTS	B	-0.06%
KRT	B	-0.06%
EQBK	B	-0.06%
AMTB	B	-0.06%
GIC	D	-0.06%
ETWO	F	-0.06%
TWI	F	-0.06%
CCB	A	-0.06%
CERT	F	-0.06%
WRBY	A	-0.06%
ARKO	C	-0.05%
CRCT	F	-0.05%
CDRE	F	-0.05%
KELYA	F	-0.05%
UWMC	D	-0.05%
SCHL	F	-0.05%
CECO	B	-0.05%
JAKK	C	-0.05%
GTN	F	-0.05%
MLNK	C	-0.05%
CLFD	F	-0.05%
VYGR	F	-0.05%
PRLB	B	-0.05%
LQDT	B	-0.05%
RICK	B	-0.05%
HLX	B	-0.05%
WINA	C	-0.05%
USPH	B	-0.05%
ODC	B	-0.05%
VZIO	A	-0.05%
BH	B	-0.05%
GNE	F	-0.05%
LOCO	D	-0.05%
AMSF	B	-0.05%
MNRO	D	-0.05%
NECB	C	-0.05%
RBB	B	-0.05%
MPB	B	-0.05%
FCBC	C	-0.05%
JILL	C	-0.05%
HMN	B	-0.05%
LSEA	D	-0.05%
BFS	C	-0.05%
TALO	C	-0.05%
MRVI	F	-0.05%
WASH	C	-0.05%
GRC	A	-0.05%
WLDN	C	-0.05%
SWBI	C	-0.05%
FSBC	C	-0.05%
SPOK	B	-0.05%
MOV	D	-0.05%
BFC	B	-0.05%
MYPS	C	-0.05%
METC	C	-0.05%
DSGR	C	-0.05%
WTBA	B	-0.05%
GDYN	B	-0.05%
VREX	B	-0.05%
CLB	B	-0.05%
CAC	C	-0.05%
BWB	B	-0.04%
TMP	B	-0.04%
ERII	F	-0.04%
AIRS	C	-0.04%
IIIN	C	-0.04%
FWRG	C	-0.04%
NATH	C	-0.04%
LINC	C	-0.04%
NPK	B	-0.04%
PLOW	D	-0.04%
EBTC	C	-0.04%
OLO	A	-0.04%
TTI	B	-0.04%
OABI	F	-0.04%
SDGR	C	-0.04%
DCO	C	-0.04%
CARE	C	-0.04%
ZEUS	C	-0.04%
HBCP	C	-0.04%
IIIV	C	-0.04%
NR	B	-0.04%
ORRF	B	-0.04%
EYE	C	-0.04%
SHLS	F	-0.04%
DXLG	D	-0.04%
ITOS	F	-0.04%
RGP	F	-0.04%
PBI	B	-0.04%
AHH	D	-0.04%
SAFT	B	-0.04%
SMBC	B	-0.04%
DEA	D	-0.04%
SMBK	B	-0.04%
MYE	F	-0.04%
PDFS	C	-0.04%
ARVN	F	-0.04%
OLP	B	-0.04%
MSEX	C	-0.04%
HCI	C	-0.04%
ORGO	B	-0.04%
FMNB	B	-0.04%
CIVB	B	-0.04%
BHB	C	-0.04%
TCMD	B	-0.04%
OPY	B	-0.04%
UHT	D	-0.03%
PAY	A	-0.03%
PFIS	A	-0.03%
UTI	B	-0.03%
PCB	B	-0.03%
NC	B	-0.03%
TCBX	B	-0.03%
MGNX	F	-0.03%
NGS	B	-0.03%
INDI	C	-0.03%
MOFG	B	-0.03%
PRA	C	-0.03%
ASUR	C	-0.03%
FFIC	B	-0.03%
EWCZ	F	-0.03%
FIGS	F	-0.03%
LGTY	C	-0.03%
BJRI	C	-0.03%
OOMA	B	-0.03%
ALRS	D	-0.03%
BBCP	D	-0.03%
QNST	B	-0.03%
RLGT	B	-0.03%
FPI	B	-0.03%
CURV	D	-0.03%
CMT	C	-0.03%
MEC	F	-0.03%
VPG	F	-0.03%
NTST	C	-0.03%
ENFN	B	-0.03%
WRLD	C	-0.03%
CDMO	A	-0.03%
ACNB	B	-0.03%
DHIL	B	-0.03%
RMNI	C	-0.03%
HDSN	F	-0.03%
FBIZ	B	-0.03%
DENN	D	-0.03%
FSBW	C	-0.03%
KRUS	B	-0.03%
ACDC	B	-0.03%
MCS	B	-0.03%
YORW	F	-0.03%
FORR	C	-0.03%
NVEC	B	-0.03%
AXGN	C	-0.03%
DJCO	B	-0.03%
TRNS	D	-0.03%
TZOO	A	-0.03%
FF	F	-0.03%
BSRR	B	-0.03%
ARLO	C	-0.03%
HTLD	C	-0.03%
QUAD	C	-0.03%
EPM	A	-0.03%
CRSR	C	-0.03%
JOUT	F	-0.03%
IRMD	C	-0.03%
IPI	C	-0.03%
ESQ	B	-0.03%
SMLR	B	-0.03%
ZIMV	D	-0.03%
CXM	C	-0.03%
SHBI	B	-0.02%
DCGO	B	-0.02%
DGICA	A	-0.02%
CMP	C	-0.02%
CZFS	B	-0.02%
III	C	-0.02%
PCYO	A	-0.02%
CFFI	A	-0.02%
SIGA	F	-0.02%
RM	C	-0.02%
MPAA	B	-0.02%
SRDX	B	-0.02%
TRC	F	-0.02%
PINE	C	-0.02%
SMTI	B	-0.02%
PBPB	C	-0.02%
KIDS	D	-0.02%
RCKY	F	-0.02%
SLP	D	-0.02%
CCRD	B	-0.02%
ARTNA	F	-0.02%
HRTG	C	-0.02%
FMAO	B	-0.02%
EEX	C	-0.02%
AOUT	B	-0.02%
ALTG	C	-0.02%
XPOF	C	-0.02%
PUBM	C	-0.02%
CASS	C	-0.02%
BCML	B	-0.02%
PKBK	A	-0.02%
FRPH	B	-0.02%
MNTK	F	-0.02%
PTLO	F	-0.02%
ITIC	A	-0.02%
ATEX	F	-0.02%
CTLP	B	-0.02%
MG	D	-0.02%
FNLC	C	-0.02%
GNTY	A	-0.02%
NATR	C	-0.02%
PKE	B	-0.02%
OFLX	D	-0.02%
ASRT	D	-0.02%
UTMD	F	-0.02%
VRA	C	-0.02%
RGCO	B	-0.02%
FLIC	B	-0.02%
SHEN	F	-0.02%
MEI	F	-0.02%
UPLD	C	-0.02%
BMRC	B	-0.02%
IBUY	B	-0.02%
CHGG	C	-0.02%
NRIM	A	-0.02%
RCMT	C	-0.02%
CEVA	B	-0.02%
OVLY	B	-0.02%
KLXE	C	-0.02%
ZYXI	D	-0.02%
AROW	B	-0.02%
LPRO	B	-0.02%
HONE	C	-0.02%
BCBP	B	-0.02%
ARC	A	-0.02%
BOOM	F	-0.02%
RDUS	B	-0.02%
AVNW	F	-0.02%
CTKB	C	-0.02%
RELL	B	-0.02%
RRBI	A	-0.02%
CBNK	B	-0.02%
OBT	C	-0.02%
FC	F	-0.02%
SAMG	B	-0.01%
CRNC	C	-0.01%
PVBC	B	-0.01%
HBIO	F	-0.01%
MBCN	C	-0.01%
EVC	C	-0.01%
PBYI	C	-0.01%
DHX	F	-0.01%
EGAN	C	-0.01%
INFU	B	-0.01%
LTRX	F	-0.01%
SSTI	C	-0.01%
NKSH	C	-0.01%
MVBF	C	-0.01%
WSBF	C	-0.01%
FRBA	D	-0.01%
SFST	B	-0.01%
LCNB	B	-0.01%
NWFL	C	-0.01%
STKS	F	-0.01%
POWW	F	-0.01%
FDBC	C	-0.01%
ASLE	C	-0.01%
EVI	F	-0.01%
MRAM	D	-0.01%
INTT	C	-0.01%
PSTL	D	-0.01%
INBK	B	-0.01%
CZNC	C	-0.01%
TUSK	F	-0.01%
AEHR	F	-0.01%
BWMN	C	-0.01%
JYNT	C	-0.01%
CRMT	D	-0.01%
CVGW	D	-0.01%
BTMD	B	-0.01%
CLDT	B	-0.01%
TSBK	A	-0.01%
CVGI	F	-0.01%
UEIC	B	-0.01%
NEWT	C	-0.01%
FRST	B	-0.01%
CBAN	B	-0.01%
TBI	F	-0.01%
CHCT	C	-0.01%
ESCA	B	-0.01%
LPSN	F	-0.0%
HGBL	F	-0.0%
BGFV	F	-0.0%
EZM	A	-0.0%
SPWH	F	-0.0%
LUNA	F	-0.0%
KFS	B	-0.0%
ATLO	C	-0.0%
OPRX	F	-0.0%