SMLF vs. FDIS ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

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

FDIS

Fidelity MSCI Consumer Discretionary Index ETF

FDIS Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Discretionary Index, which represents the performance of the consumer discretionary sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Discretionary Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.27

Average Daily Volume

72,440

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	FDIS
30 Days	3.58%	7.21%
60 Days	6.73%	8.26%
90 Days	9.95%	13.40%
12 Months	35.13%	29.65%

92 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in FDIS	Overlap
ABG	B	0.15%	0.11%	0.11%
AEO	F	0.05%	0.08%	0.05%
ALV	C	0.08%	0.14%	0.08%
AN	D	0.24%	0.1%	0.1%
ANF	C	0.3%	0.15%	0.15%
ASO	F	0.06%	0.08%	0.06%
BBWI	C	0.2%	0.12%	0.12%
BC	D	0.09%	0.12%	0.09%
BKE	B	0.12%	0.06%	0.06%
BLD	F	0.21%	0.21%	0.21%
BLMN	F	0.05%	0.03%	0.03%
BYD	B	0.01%	0.12%	0.01%
CAKE	B	0.01%	0.07%	0.01%
CAL	F	0.08%	0.04%	0.04%
CHDN	C	0.1%	0.18%	0.1%
CHWY	B	0.03%	0.13%	0.03%
COUR	F	0.09%	0.04%	0.04%
CROX	F	0.19%	0.12%	0.12%
CVCO	A	0.16%	0.09%	0.09%
CVNA	A	0.46%	0.46%	0.46%
DAN	F	0.02%	0.03%	0.02%
DBI	F	0.02%	0.01%	0.01%
DDS	B	0.31%	0.05%	0.05%
DECK	A	0.72%	0.47%	0.47%
DIN	C	0.04%	0.03%	0.03%
DKS	D	0.38%	0.22%	0.22%
DUOL	A	0.44%	0.21%	0.21%
ETSY	D	0.2%	0.12%	0.12%
EVRI	A	0.02%	0.06%	0.02%
FL	F	0.03%	0.06%	0.03%
FLWS	F	0.01%	0.01%	0.01%
GAP	D	0.23%	0.11%	0.11%
GES	F	0.15%	0.03%	0.03%
GIII	D	0.02%	0.05%	0.02%
GME	C	0.16%	0.16%	0.16%
GOLF	B	0.13%	0.07%	0.07%
GPI	B	0.22%	0.13%	0.13%
HAS	D	0.19%	0.16%	0.16%
HELE	C	0.04%	0.04%	0.04%
HOG	F	0.15%	0.09%	0.09%
HOV	D	0.1%	0.04%	0.04%
HRB	D	0.4%	0.16%	0.16%
IBP	F	0.04%	0.11%	0.04%
JACK	D	0.09%	0.04%	0.04%
KSS	F	0.08%	0.05%	0.05%
LNW	F	0.17%	0.16%	0.16%
LRN	A	0.16%	0.11%	0.11%
LTH	C	0.03%	0.06%	0.03%
M	D	0.19%	0.09%	0.09%
MAT	D	0.12%	0.14%	0.12%
MOD	A	0.25%	0.13%	0.13%
MTN	C	0.09%	0.13%	0.09%
NWL	B	0.02%	0.09%	0.02%
ODP	F	0.11%	0.03%	0.03%
OXM	F	0.06%	0.04%	0.04%
PHIN	B	0.09%	0.07%	0.07%
PII	F	0.01%	0.08%	0.01%
PLNT	A	0.09%	0.18%	0.09%
PRDO	B	0.0%	0.04%	0.0%
PVH	C	0.17%	0.12%	0.12%
PZZA	F	0.05%	0.05%	0.05%
RL	C	0.15%	0.17%	0.15%
SAH	B	0.04%	0.05%	0.04%
SCI	A	0.14%	0.23%	0.14%
SIG	C	0.26%	0.1%	0.1%
SKY	A	0.15%	0.12%	0.12%
SONO	C	0.05%	0.05%	0.05%
THO	C	0.13%	0.12%	0.12%
TMHC	B	0.09%	0.15%	0.09%
TNL	B	0.16%	0.1%	0.1%
TOL	B	0.16%	0.29%	0.16%
TPH	D	0.14%	0.1%	0.1%
TPR	B	0.3%	0.25%	0.25%
TPX	B	0.24%	0.18%	0.18%
TXRH	B	0.07%	0.25%	0.07%
UA	C	0.14%	0.06%	0.06%
UDMY	D	0.03%	0.03%	0.03%
UPBD	C	0.09%	0.05%	0.05%
VAC	C	0.07%	0.08%	0.07%
VC	F	0.08%	0.06%	0.06%
VFC	C	0.08%	0.15%	0.08%
VSTO	A	0.14%	0.08%	0.08%
W	D	0.15%	0.07%	0.07%
WEN	C	0.12%	0.08%	0.08%
WGO	D	0.05%	0.06%	0.05%
WH	B	0.12%	0.16%	0.12%
WING	D	0.36%	0.18%	0.18%
WOOF	D	0.02%	0.02%	0.02%
WOR	F	0.08%	0.04%	0.04%
WSM	D	0.42%	0.29%	0.29%
WYNN	D	0.07%	0.18%	0.07%
YETI	D	0.08%	0.08%	0.08%

SMLF Overweight 718 Positions Relative to FDIS

Symbol	Grade	Weight
APP	A	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	A	0.73%
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%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
COCO	A	0.43%
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%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
EWBC	A	0.39%
POWL	C	0.38%
UTHR	C	0.38%
MEDP	D	0.38%
BRX	A	0.37%
AM	A	0.37%
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%
THC	C	0.31%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	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%
GPK	D	0.26%
AMH	C	0.25%
OVV	C	0.25%
HURN	B	0.25%
CFR	B	0.25%
CPRX	C	0.24%
CBSH	A	0.24%
TREX	D	0.24%
RMBS	C	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	F	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%
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%
AZPN	A	0.21%
SRPT	F	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	C	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	D	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
NAVI	F	0.19%
ACM	B	0.19%
GH	B	0.19%
MUR	F	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%
VCYT	B	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%
ACLX	C	0.17%
TKR	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%
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%
ONON	B	0.15%
XNCR	B	0.15%
ONTO	F	0.15%
VMI	B	0.15%
FTAI	A	0.15%
DOCS	C	0.15%
SPB	C	0.15%
CWEN	C	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%
TTC	F	0.14%
YEXT	B	0.14%
PCTY	B	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	D	0.14%
BLKB	B	0.13%
VMEO	C	0.13%
BPMC	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%
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%
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%
KRC	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%
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%
LOVE	A	0.11%
CUBE	C	0.11%
MFA	D	0.11%
ACAD	C	0.11%
HTH	B	0.11%
CRUS	F	0.11%
CARG	B	0.11%
SPSC	F	0.11%
BAND	D	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
MDGL	C	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
ASB	B	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%
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%
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%
MRC	B	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%
EGP	D	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
OHI	B	0.09%
INVA	C	0.09%
MTG	D	0.09%
DVAX	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%
FIVN	C	0.08%
TENB	D	0.08%
LILA	F	0.08%
OPCH	F	0.08%
HWC	B	0.08%
CVLT	B	0.08%
VIR	F	0.08%
FLR	B	0.08%
RGEN	F	0.08%
PEGA	B	0.08%
OZK	B	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%
KN	B	0.08%
MASI	B	0.08%
GMS	B	0.08%
CACC	F	0.08%
DLX	B	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%
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%
EYPT	D	0.07%
MATV	F	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%
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%
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%
AVXL	C	0.06%
YELP	C	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%
ITCI	B	0.06%
VKTX	F	0.06%
RUSHA	B	0.06%
FUN	C	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%
ADMA	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%
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	B	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	0.05%
BEAM	C	0.05%
SITE	D	0.05%
CERS	D	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	D	0.05%
TARS	C	0.05%
SMTC	C	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	A	0.05%
LECO	C	0.05%
CENTA	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	D	0.04%
OUT	A	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%
SANA	F	0.04%
TPB	A	0.04%
ANAB	F	0.04%
NATL	B	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	B	0.04%
CFFN	B	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	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%
JANX	C	0.03%
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%
CHRD	F	0.03%
SUPN	B	0.03%
VNDA	C	0.03%
RGNX	D	0.03%
EVTC	B	0.03%
VCEL	A	0.03%
NX	C	0.03%
EMBC	D	0.03%
DNB	B	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%
REVG	B	0.03%
SNBR	F	0.03%
RYI	C	0.03%
IESC	A	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%
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%
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%
ERAS	C	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%
ARCT	F	0.02%
OMER	B	0.02%
VSTS	F	0.02%
BRY	F	0.02%
DYN	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%
DOCN	D	0.02%
ALAB	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%
MTW	C	0.02%
DY	C	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%
CNDT	D	0.02%
OPEN	F	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	C	0.02%
PTCT	C	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%
PGEN	F	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%
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%
NTLA	F	0.01%
VRE	A	0.01%
TR	B	0.01%
ROIV	D	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%
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%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	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%
BKU	A	0.0%
CMA	B	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 171 Positions Relative to FDIS

Symbol	Grade	Weight
AMZN	B	-23.16%
TSLA	A	-14.23%
HD	A	-6.43%
MCD	D	-3.46%
BKNG	A	-2.73%
LOW	C	-2.49%
TJX	A	-2.19%
SBUX	A	-1.83%
NKE	F	-1.49%
MELI	D	-1.39%
CMG	C	-1.35%
ORLY	B	-1.19%
MAR	B	-1.14%
GM	B	-1.09%
HLT	A	-1.04%
ABNB	D	-0.97%
RCL	A	-0.95%
AZO	C	-0.89%
DASH	A	-0.83%
DHI	D	-0.81%
ROST	D	-0.79%
F	C	-0.72%
LEN	D	-0.69%
YUM	D	-0.64%
LULU	C	-0.63%
GRMN	B	-0.55%
EBAY	D	-0.54%
NVR	D	-0.5%
TSCO	D	-0.5%
PHM	D	-0.47%
CCL	A	-0.43%
EXPE	B	-0.42%
DRI	C	-0.35%
LVS	B	-0.32%
BBY	D	-0.32%
ULTA	F	-0.32%
DKNG	B	-0.31%
BURL	A	-0.31%
GPC	F	-0.3%
DPZ	C	-0.27%
APTV	F	-0.26%
POOL	D	-0.25%
NCLH	B	-0.23%
KMX	C	-0.23%
MUSA	B	-0.2%
LAD	B	-0.2%
ARMK	C	-0.19%
LKQ	F	-0.19%
FND	F	-0.19%
MGM	D	-0.18%
SKX	F	-0.16%
CZR	F	-0.16%
BROS	A	-0.15%
RIVN	F	-0.15%
BWA	D	-0.15%
MHK	D	-0.15%
WHR	B	-0.14%
EAT	A	-0.14%
GNTX	F	-0.14%
H	B	-0.14%
OLLI	D	-0.13%
KBH	D	-0.13%
MTH	D	-0.13%
BFAM	F	-0.12%
KTB	A	-0.11%
LEA	F	-0.11%
CHH	A	-0.11%
RH	D	-0.11%
SHAK	C	-0.11%
LOPE	B	-0.11%
PTON	C	-0.11%
VVV	D	-0.11%
FTDR	B	-0.11%
FIVE	F	-0.1%
BOOT	D	-0.1%
DORM	B	-0.1%
MHO	D	-0.1%
GHC	B	-0.09%
HBI	B	-0.09%
VSCO	A	-0.09%
ATGE	B	-0.09%
SGBX	F	-0.09%
LCII	D	-0.08%
COLM	B	-0.08%
PATK	D	-0.08%
WWW	A	-0.08%
SHOO	D	-0.08%
HGV	C	-0.08%
PAG	B	-0.08%
PENN	C	-0.08%
LGIH	F	-0.07%
RVLV	B	-0.07%
JWN	C	-0.07%
LCID	F	-0.07%
CWH	C	-0.07%
RRR	F	-0.07%
CCS	F	-0.07%
GRBK	D	-0.07%
UAA	C	-0.07%
LAUR	A	-0.07%
AAP	D	-0.06%
SABR	B	-0.06%
STRA	C	-0.06%
SBH	B	-0.06%
OSW	B	-0.06%
LZB	B	-0.06%
GT	C	-0.06%
URBN	C	-0.06%
WRBY	A	-0.06%
ADTN	A	-0.06%
MNRO	C	-0.05%
PLYA	B	-0.05%
LEVI	F	-0.05%
THRM	F	-0.05%
MBUU	C	-0.05%
FLUT	A	-0.05%
WINA	B	-0.05%
ADNT	F	-0.05%
BZH	C	-0.05%
QS	D	-0.05%
UTI	A	-0.05%
CRI	F	-0.05%
XPEL	C	-0.05%
LEG	F	-0.05%
MCRI	A	-0.05%
CPRI	F	-0.05%
AXL	C	-0.04%
MODG	F	-0.04%
FIGS	F	-0.04%
RGR	F	-0.04%
ACEL	C	-0.04%
FWRG	C	-0.04%
HZO	F	-0.04%
ETD	D	-0.04%
PTLO	F	-0.04%
DFH	F	-0.04%
SCVL	F	-0.04%
BJRI	C	-0.04%
FOXF	F	-0.04%
DNUT	F	-0.04%
SMP	C	-0.04%
GDEN	B	-0.04%
PLAY	D	-0.04%
VZIO	A	-0.04%
CBRL	C	-0.04%
MCW	C	-0.04%
ARKO	D	-0.03%
RICK	C	-0.03%
BALY	A	-0.03%
LIND	B	-0.03%
SWBI	C	-0.03%
KRUS	D	-0.03%
EYE	C	-0.03%
GTX	F	-0.03%
LAZR	D	-0.02%
LEGH	D	-0.02%
HVT	D	-0.02%
BOWL	D	-0.02%
CRMT	F	-0.02%
MOV	D	-0.02%
DENN	D	-0.02%
TH	C	-0.02%
XPOF	B	-0.02%
ARHS	F	-0.02%
LESL	C	-0.02%
SRI	F	-0.01%
EWCZ	D	-0.01%
GRPN	F	-0.01%
CRCT	F	-0.01%
AMRK	F	-0.0%
RSI	B	-0.0%