SMLF vs. FSCC ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Trust Federated Hermes MDT Small Cap Core ETF (FSCC)

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

71,849

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

FSCC

Trust Federated Hermes MDT Small Cap Core ETF

FSCC Description

The fund seeks to achieve its objective by investing primarily in the common stock of small-capitalization (small-cap) U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small companies. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$27.86

Average Daily Volume

1,109

Number of Holdings ^*

280

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	FSCC
30 Days	10.53%	8.65%
60 Days	10.49%	7.16%
90 Days	11.95%	8.98%
12 Months	40.74%

134 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in FSCC	Overlap
ACA	A	0.1%	0.04%	0.04%
ACLS	F	0.12%	0.03%	0.03%
ACLX	C	0.17%	0.63%	0.17%
ADMA	B	0.06%	0.77%	0.06%
ALHC	C	0.03%	0.26%	0.03%
ALKS	B	0.3%	0.67%	0.3%
ALRM	C	0.03%	0.12%	0.03%
AMRX	C	0.07%	0.11%	0.07%
ANAB	F	0.04%	0.25%	0.04%
ANF	C	0.3%	0.27%	0.27%
APPF	B	0.06%	0.39%	0.06%
ARRY	C	0.04%	0.37%	0.04%
BANF	B	0.14%	0.05%	0.05%
BCC	B	0.22%	0.19%	0.19%
BCRX	D	0.11%	0.03%	0.03%
BDN	C	0.13%	0.86%	0.13%
BECN	B	0.1%	0.41%	0.1%
BFH	B	0.0%	0.12%	0.0%
BKH	A	0.01%	0.14%	0.01%
BKU	A	0.0%	1.39%	0.0%
BL	B	0.16%	0.17%	0.16%
BOX	B	0.08%	0.29%	0.08%
BPMC	C	0.13%	0.62%	0.13%
BRBR	A	0.06%	1.18%	0.06%
BRSP	B	0.03%	0.59%	0.03%
CEIX	A	0.07%	0.67%	0.07%
CMC	B	0.14%	0.36%	0.14%
CMPR	D	0.1%	0.29%	0.1%
CNO	A	0.16%	1.03%	0.16%
CORT	B	0.3%	0.1%	0.1%
CPRX	C	0.24%	0.09%	0.09%
CRC	B	0.1%	0.4%	0.1%
CRDO	B	0.1%	0.46%	0.1%
CSWI	A	0.08%	0.09%	0.08%
CUBI	C	0.09%	0.39%	0.09%
CVLT	B	0.08%	0.25%	0.08%
CVNA	B	0.46%	0.48%	0.46%
CWK	B	0.01%	0.11%	0.01%
DAN	D	0.02%	0.04%	0.02%
DFIN	D	0.11%	0.04%	0.04%
DNOW	B	0.1%	0.15%	0.1%
EIG	B	0.0%	0.36%	0.0%
EME	C	0.94%	0.88%	0.88%
ENR	B	0.01%	0.22%	0.01%
EXLS	B	0.23%	0.05%	0.05%
EXTR	B	0.17%	0.94%	0.17%
FIX	A	0.44%	0.21%	0.21%
FULT	A	0.0%	0.33%	0.0%
GDOT	D	0.0%	0.12%	0.0%
GFF	A	0.12%	0.43%	0.12%
GKOS	B	0.07%	0.09%	0.07%
GMS	B	0.08%	1.5%	0.08%
HAIN	C	0.01%	0.25%	0.01%
HALO	F	0.24%	0.73%	0.24%
HIMS	B	0.1%	0.44%	0.1%
HTZ	C	0.01%	0.05%	0.01%
HURN	B	0.25%	0.31%	0.25%
ILPT	D	0.06%	0.03%	0.03%
INSM	C	0.1%	0.71%	0.1%
INTA	A	0.27%	0.12%	0.12%
ITRI	B	0.05%	0.11%	0.05%
JELD	F	0.02%	0.12%	0.02%
JXN	C	0.0%	2.55%	0.0%
KLIC	B	0.1%	0.05%	0.05%
KNF	A	0.07%	1.84%	0.07%
LADR	B	0.06%	0.11%	0.06%
LIVN	F	0.2%	0.33%	0.2%
LMAT	A	0.02%	0.21%	0.02%
LTH	C	0.03%	0.14%	0.03%
LUMN	C	0.2%	0.57%	0.2%
MAC	B	0.31%	0.7%	0.31%
MCY	A	0.06%	0.06%	0.06%
MDXG	B	0.05%	0.16%	0.05%
MED	F	0.06%	0.2%	0.06%
MRC	B	0.09%	0.05%	0.05%
MTW	C	0.02%	0.16%	0.02%
NATL	B	0.04%	0.13%	0.04%
NBR	C	0.07%	0.07%	0.07%
NTB	B	0.07%	0.2%	0.07%
NTCT	C	0.11%	0.21%	0.11%
NUS	D	0.02%	0.71%	0.02%
OFG	B	0.0%	0.46%	0.0%
OIS	C	0.01%	0.08%	0.01%
OTTR	C	0.06%	0.78%	0.06%
OUT	A	0.04%	0.57%	0.04%
PFBC	B	0.0%	0.11%	0.0%
PHIN	A	0.09%	0.19%	0.09%
PI	D	0.14%	0.67%	0.14%
POR	C	0.07%	0.51%	0.07%
POWL	C	0.38%	0.04%	0.04%
PRG	C	0.17%	0.21%	0.17%
QLYS	C	0.13%	0.1%	0.1%
RAMP	C	0.02%	0.54%	0.02%
RDFN	D	0.03%	0.56%	0.03%
REVG	B	0.03%	0.26%	0.03%
RLI	B	0.03%	0.59%	0.03%
RXT	C	0.02%	0.11%	0.02%
SFM	A	0.6%	0.77%	0.6%
SKT	B	0.24%	0.34%	0.24%
SLG	B	0.49%	0.42%	0.42%
SLVM	B	0.02%	0.21%	0.02%
SM	B	0.07%	0.85%	0.07%
SMTC	B	0.05%	0.31%	0.05%
SPSC	C	0.11%	0.07%	0.07%
SUPN	C	0.03%	0.08%	0.03%
SWI	B	0.01%	0.44%	0.01%
TENB	C	0.08%	0.25%	0.08%
TEX	D	0.19%	0.43%	0.19%
TGTX	B	0.03%	0.07%	0.03%
THR	B	0.05%	0.04%	0.04%
TMHC	B	0.09%	0.84%	0.09%
TNC	D	0.06%	0.12%	0.06%
TPB	B	0.04%	0.39%	0.04%
TRMK	B	0.0%	0.74%	0.0%
TXRH	C	0.07%	0.76%	0.07%
UMBF	B	0.14%	0.13%	0.13%
UNFI	A	0.02%	0.1%	0.02%
UPBD	B	0.09%	0.41%	0.09%
UVE	B	0.03%	0.05%	0.03%
VC	D	0.08%	0.05%	0.05%
VITL	D	0.03%	0.16%	0.03%
VMEO	B	0.13%	0.23%	0.13%
VNDA	C	0.03%	0.11%	0.03%
VRNS	D	0.1%	0.56%	0.1%
WFRD	D	0.35%	0.17%	0.17%
WGO	C	0.05%	0.04%	0.04%
WING	D	0.36%	0.53%	0.36%
WS	B	0.22%	0.06%	0.06%
WTS	B	0.12%	0.24%	0.12%
XHR	B	0.03%	0.37%	0.03%
XPRO	F	0.01%	0.12%	0.01%
XRX	F	0.18%	0.1%	0.1%
YEXT	A	0.14%	0.79%	0.14%
YOU	D	0.23%	0.86%	0.23%

SMLF Overweight 676 Positions Relative to FSCC

Symbol	Grade	Weight
APP	B	1.49%
EVR	B	0.81%
MSTR	C	0.73%
DECK	A	0.72%
AXON	A	0.66%
ALSN	B	0.56%
NTNX	A	0.56%
JBL	B	0.55%
BPOP	B	0.53%
MANH	D	0.5%
MLI	C	0.49%
RS	B	0.49%
NVT	B	0.49%
IDA	A	0.46%
IBKR	A	0.45%
DUOL	A	0.44%
COCO	B	0.43%
WSM	B	0.42%
PCOR	B	0.42%
CSL	C	0.41%
COOP	B	0.41%
LPX	B	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%
CNM	D	0.36%
CR	A	0.35%
AYI	B	0.35%
PIPR	B	0.34%
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	C	0.31%
SOLV	C	0.31%
DDS	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%
STRL	B	0.29%
PSTG	D	0.29%
PRI	A	0.28%
R	B	0.28%
AGO	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	D	0.25%
OVV	B	0.25%
MOD	A	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%
EXEL	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	D	0.23%
GAP	C	0.23%
LSCC	D	0.23%
AMG	B	0.23%
UFPI	B	0.23%
SANM	B	0.22%
GPI	A	0.22%
APA	D	0.22%
RPM	A	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	D	0.2%
ETSY	D	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%
DTM	B	0.2%
DNLI	D	0.2%
BBWI	D	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
M	D	0.19%
RNG	B	0.19%
SMG	D	0.19%
JOE	F	0.19%
CROX	D	0.19%
NAVI	C	0.19%
ACM	A	0.19%
GH	B	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	B	0.18%
PRGS	A	0.18%
KNSL	B	0.18%
ARW	D	0.18%
TDOC	C	0.18%
NDSN	B	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	C	0.17%
TKR	D	0.17%
LNW	D	0.17%
BRC	D	0.17%
LNTH	D	0.17%
PDM	D	0.17%
KRG	B	0.17%
RHI	B	0.17%
XPO	B	0.17%
AIZ	A	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%
BMI	B	0.16%
BJ	A	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	A	0.16%
AGNC	D	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	B	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
HOG	D	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%
VMI	B	0.15%
FTAI	B	0.15%
DOCS	C	0.15%
SPB	C	0.15%
ABG	B	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	A	0.15%
AMR	C	0.14%
RGLD	C	0.14%
ATI	D	0.14%
VSTO	A	0.14%
IGT	F	0.14%
MMSI	B	0.14%
NOVT	D	0.14%
IONS	F	0.14%
BRKR	D	0.14%
NJR	A	0.14%
ENSG	D	0.14%
UA	C	0.14%
TTC	D	0.14%
PCTY	B	0.14%
SCI	B	0.14%
AY	B	0.14%
SPT	C	0.14%
SSD	D	0.14%
TPH	D	0.14%
BLKB	B	0.13%
THO	B	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	D	0.13%
ACCO	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
GOLF	B	0.13%
RYAN	B	0.13%
KAI	A	0.13%
SFBS	B	0.13%
FYBR	D	0.13%
NUVL	D	0.13%
AA	B	0.13%
SR	A	0.12%
MAT	D	0.12%
INSP	D	0.12%
AROC	B	0.12%
AWR	B	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%
BKE	B	0.12%
WH	B	0.12%
KRC	C	0.12%
WEN	D	0.12%
NOV	C	0.12%
AIT	A	0.12%
CBT	C	0.12%
BSY	D	0.12%
WAFD	B	0.12%
FHI	A	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	A	0.11%
PARA	C	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
LOVE	B	0.11%
CUBE	D	0.11%
MFA	D	0.11%
ACAD	D	0.11%
HTH	B	0.11%
CRUS	D	0.11%
CARG	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%
NSP	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
ASB	B	0.1%
CHDN	B	0.1%
HP	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	A	0.1%
VECO	F	0.1%
LSTR	D	0.1%
NNN	D	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
AGM	C	0.1%
WAL	B	0.1%
BERY	B	0.1%
WMS	D	0.1%
EEFT	B	0.09%
VSH	D	0.09%
CXT	B	0.09%
MTSI	B	0.09%
WSC	D	0.09%
JACK	D	0.09%
MTN	C	0.09%
PCVX	D	0.09%
HEES	B	0.09%
ATEN	B	0.09%
APG	B	0.09%
PBH	A	0.09%
HI	C	0.09%
LGND	B	0.09%
CAR	C	0.09%
VERA	B	0.09%
LZ	D	0.09%
FLG	C	0.09%
IDCC	A	0.09%
PLNT	A	0.09%
EGP	F	0.09%
BC	C	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
OHI	C	0.09%
INVA	D	0.09%
MTG	C	0.09%
COUR	F	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	D	0.09%
WEX	D	0.09%
SON	D	0.09%
CRS	A	0.09%
EXPO	D	0.09%
FIVN	C	0.08%
LILA	D	0.08%
OPCH	D	0.08%
HWC	B	0.08%
VIR	D	0.08%
FLR	B	0.08%
RGEN	D	0.08%
PEGA	A	0.08%
OZK	B	0.08%
CAL	D	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	A	0.08%
PD	C	0.08%
YETI	C	0.08%
KN	B	0.08%
MASI	A	0.08%
WOR	F	0.08%
CACC	D	0.08%
DLX	B	0.08%
VFC	C	0.08%
NSSC	D	0.08%
AGX	B	0.08%
CUZ	B	0.08%
KSS	F	0.08%
CARS	B	0.08%
MIDD	C	0.08%
BDC	B	0.08%
ALV	C	0.08%
CNMD	C	0.07%
AFRM	B	0.07%
UNIT	B	0.07%
CLH	B	0.07%
EQC	B	0.07%
DH	D	0.07%
HASI	D	0.07%
PEN	B	0.07%
EYPT	F	0.07%
WYNN	D	0.07%
MATV	D	0.07%
VAC	B	0.07%
RIG	D	0.07%
AMPH	D	0.07%
LXP	D	0.07%
AMPL	C	0.07%
FLNC	C	0.07%
WLY	B	0.07%
EPAC	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
ASH	D	0.07%
PLUS	F	0.07%
SNEX	B	0.07%
NARI	C	0.07%
NXST	C	0.07%
WNC	C	0.07%
NVST	B	0.06%
CC	C	0.06%
AVXL	B	0.06%
YELP	C	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%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	C	0.06%
STWD	C	0.06%
CTBI	B	0.06%
MPW	F	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
FLO	D	0.06%
RDN	C	0.06%
WTTR	B	0.06%
CASY	A	0.06%
IRTC	D	0.06%
RYN	D	0.06%
ADEA	D	0.06%
BCO	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%
FOLD	F	0.05%
AVAV	D	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	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%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	F	0.05%
TARS	B	0.05%
ZIP	F	0.05%
VNT	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%
LECO	B	0.05%
CENTA	C	0.05%
ARWR	F	0.04%
FCN	D	0.04%
MAN	D	0.04%
HPP	F	0.04%
STAG	F	0.04%
MDU	D	0.04%
DAWN	F	0.04%
CORZ	A	0.04%
PFSI	D	0.04%
KREF	D	0.04%
DIN	C	0.04%
PRGO	B	0.04%
LPG	F	0.04%
FLYW	C	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	D	0.04%
SANA	F	0.04%
SAH	A	0.04%
HELE	C	0.04%
RVMD	C	0.04%
KLG	C	0.04%
CELH	F	0.04%
AGYS	A	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%
IBP	D	0.04%
NHI	D	0.04%
ACHC	F	0.04%
HSTM	B	0.04%
MMS	F	0.04%
FHN	A	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	B	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	A	0.03%
GMED	A	0.03%
VIAV	B	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
CHRD	D	0.03%
FL	F	0.03%
RGNX	F	0.03%
EVTC	B	0.03%
VCEL	B	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%
CIEN	B	0.03%
VIRT	B	0.03%
QDEL	F	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	B	0.03%
UDMY	F	0.03%
ARCH	B	0.03%
SLAB	D	0.03%
CDP	C	0.03%
MGNI	A	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
TCBI	B	0.03%
RPD	C	0.03%
SPRY	D	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RKT	F	0.03%
NRC	F	0.03%
OI	C	0.03%
OLED	D	0.03%
BKD	D	0.03%
CVI	F	0.03%
ERAS	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	D	0.02%
OSIS	B	0.02%
MSM	C	0.02%
TSE	F	0.02%
KVYO	C	0.02%
ARCT	F	0.02%
OMER	A	0.02%
VSTS	C	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%
KFY	B	0.02%
MSA	D	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
EPR	D	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%
DBI	F	0.02%
CLVT	F	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	C	0.02%
OPEN	D	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
LANC	C	0.02%
ARCB	C	0.02%
PDCO	D	0.02%
CALX	D	0.02%
ALGM	D	0.01%
VAL	D	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	D	0.01%
EPC	D	0.01%
SFIX	B	0.01%
POWI	D	0.01%
FLWS	F	0.01%
TDC	D	0.01%
MBC	D	0.01%
BIGC	C	0.01%
MLAB	D	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%
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%
SWX	B	0.01%
HCAT	D	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
HQY	B	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
CAKE	C	0.01%
STGW	B	0.01%
OLPX	D	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%
MBLY	C	0.01%
OSUR	F	0.01%
SWTX	C	0.01%
KALU	C	0.01%
PII	D	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%
AEIS	B	0.01%
MAGN	F	0.0%
MC	C	0.0%
SEE	C	0.0%
CHCO	B	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
BOH	B	0.0%
DEI	B	0.0%
GNW	A	0.0%
CASH	A	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
PRDO	B	0.0%
CMA	A	0.0%
AX	A	0.0%

SMLF Underweight 146 Positions Relative to FSCC

Symbol	Grade	Weight
PSN	D	-1.79%
SKYW	B	-1.42%
SKWD	A	-1.18%
FBK	B	-1.16%
MUSA	A	-1.14%
MWA	B	-1.01%
CNK	B	-0.98%
FTDR	A	-0.96%
BY	B	-0.91%
NMRK	B	-0.87%
OMCL	C	-0.84%
PRCT	B	-0.78%
REZI	A	-0.77%
TVTX	B	-0.7%
WWW	B	-0.68%
AMAL	B	-0.68%
HRMY	D	-0.68%
RSI	B	-0.67%
MNKD	C	-0.66%
RYAM	C	-0.66%
MBIN	D	-0.65%
SPNT	A	-0.56%
HY	D	-0.56%
TBRG	B	-0.55%
MEI	D	-0.55%
CXM	C	-0.55%
SXC	A	-0.53%
VCTR	B	-0.52%
RMR	F	-0.51%
CMRE	C	-0.49%
UIS	B	-0.48%
COLL	F	-0.48%
BLBD	D	-0.47%
PRTA	F	-0.47%
FBIZ	B	-0.46%
PRIM	A	-0.45%
GRND	A	-0.43%
SHLS	F	-0.43%
BV	B	-0.4%
PLMR	B	-0.38%
ASC	F	-0.35%
TREE	F	-0.34%
LBRT	D	-0.34%
ESRT	C	-0.32%
INSW	F	-0.32%
ZETA	D	-0.31%
QTWO	A	-0.31%
INGN	C	-0.31%
IRBT	F	-0.3%
TMDX	F	-0.3%
TTEC	F	-0.3%
ONTF	C	-0.29%
UTI	A	-0.28%
LC	A	-0.28%
VSCO	B	-0.27%
SPNS	F	-0.26%
MGY	A	-0.25%
TCMD	A	-0.24%
APAM	B	-0.23%
NVRI	F	-0.23%
VERX	B	-0.23%
NVCR	C	-0.22%
WRBY	B	-0.22%
REAX	D	-0.21%
CDXS	B	-0.21%
TGI	B	-0.21%
WEAV	B	-0.21%
MBWM	B	-0.19%
BSRR	B	-0.19%
KNTK	B	-0.19%
VICR	B	-0.19%
EPRT	B	-0.18%
SHYF	C	-0.18%
HTBI	B	-0.17%
PETS	C	-0.17%
MD	B	-0.16%
COMM	D	-0.16%
CHGG	D	-0.16%
ELVN	D	-0.16%
ALKT	B	-0.16%
SAGE	F	-0.16%
CTLP	B	-0.16%
AKBA	C	-0.15%
NMIH	D	-0.15%
CWT	D	-0.15%
SEMR	B	-0.14%
APEI	B	-0.14%
HURC	C	-0.14%
HCI	C	-0.14%
FFWM	C	-0.14%
EBS	C	-0.13%
KOP	C	-0.13%
PGC	C	-0.13%
EAT	A	-0.13%
BLX	C	-0.12%
SIGA	F	-0.12%
CLFD	D	-0.12%
STNG	F	-0.12%
RBBN	C	-0.11%
FORM	D	-0.11%
ROAD	A	-0.1%
CYH	F	-0.1%
FNKO	D	-0.1%
DSP	B	-0.09%
PKOH	B	-0.09%
KELYA	F	-0.09%
CBNK	B	-0.09%
EYE	C	-0.09%
KRYS	B	-0.08%
FATE	F	-0.07%
MAX	F	-0.07%
PHAT	F	-0.07%
TH	C	-0.07%
ALDX	D	-0.07%
MSBI	B	-0.07%
WSR	A	-0.07%
ZNTL	F	-0.06%
DGII	B	-0.06%
CPK	A	-0.06%
DOLE	D	-0.05%
CRNC	C	-0.05%
PLUG	F	-0.05%
FMBH	B	-0.05%
CMCO	B	-0.05%
CLAR	D	-0.05%
ADNT	F	-0.05%
LOCO	D	-0.04%
FORR	D	-0.04%
RAPT	F	-0.04%
SKIN	D	-0.04%
VRNT	C	-0.04%
ENTA	F	-0.04%
EVER	F	-0.04%
NRIX	D	-0.04%
MNRO	D	-0.04%
PAHC	C	-0.04%
EGHT	C	-0.04%
MESA	F	-0.03%
AMPY	C	-0.03%
TERN	F	-0.03%
AVA	A	-0.03%
BBCP	C	-0.03%
NVRO	F	-0.03%
SAVE	D	-0.02%
SSP	F	-0.02%
JRVR	F	-0.02%