SMLF vs. FSMD ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Fidelity Small-Mid Factor ETF (FSMD)

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

$65.33

Average Daily Volume

77,865

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$40.62

Average Daily Volume

89,591

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	FSMD
30 Days	1.12%	0.45%
60 Days	6.77%	5.53%
90 Days	8.22%	9.53%
12 Months	32.20%	32.01%

325 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in FSMD	Overlap
ABG	D	0.15%	0.15%	0.15%
ACA	C	0.09%	0.14%	0.09%
ACI	F	0.05%	0.19%	0.05%
ACLX	C	0.15%	0.17%	0.15%
ACM	C	0.19%	0.3%	0.19%
ADMA	C	0.06%	0.21%	0.06%
AEO	B	0.06%	0.14%	0.06%
AGCO	D	0.22%	0.16%	0.16%
AGX	A	0.06%	0.11%	0.06%
AIT	B	0.11%	0.21%	0.11%
AIZ	A	0.17%	0.26%	0.17%
ALKS	B	0.3%	0.16%	0.16%
ALLE	A	0.17%	0.28%	0.17%
ALRM	F	0.03%	0.11%	0.03%
ALSN	A	0.48%	0.21%	0.21%
ALV	F	0.08%	0.18%	0.08%
ALX	C	0.12%	0.09%	0.09%
AMCX	F	0.02%	0.07%	0.02%
AMG	B	0.23%	0.17%	0.17%
AMH	D	0.26%	0.29%	0.26%
AMN	F	0.06%	0.08%	0.06%
AMPH	C	0.08%	0.12%	0.08%
AMR	F	0.15%	0.1%	0.1%
AMRX	B	0.06%	0.12%	0.06%
AN	C	0.27%	0.15%	0.15%
ANF	F	0.32%	0.2%	0.2%
APOG	B	0.1%	0.09%	0.09%
APPF	C	0.07%	0.17%	0.07%
ARCH	D	0.03%	0.11%	0.03%
AROC	B	0.11%	0.16%	0.11%
ARW	C	0.22%	0.2%	0.2%
ASB	F	0.08%	0.13%	0.08%
ASGN	D	0.01%	0.15%	0.01%
ASH	F	0.08%	0.14%	0.08%
ASO	D	0.08%	0.17%	0.08%
ATEN	B	0.08%	0.1%	0.08%
AX	D	0.0%	0.13%	0.0%
AXS	A	0.01%	0.19%	0.01%
AXTA	C	0.02%	0.2%	0.02%
AYI	A	0.31%	0.21%	0.21%
BCC	C	0.23%	0.16%	0.16%
BCO	C	0.08%	0.15%	0.08%
BCPC	C	0.05%	0.17%	0.05%
BERY	C	0.11%	0.21%	0.11%
BJ	D	0.16%	0.25%	0.16%
BKE	D	0.12%	0.11%	0.11%
BKH	C	0.01%	0.17%	0.01%
BLD	C	0.25%	0.28%	0.25%
BMI	A	0.16%	0.19%	0.16%
BPMC	F	0.13%	0.17%	0.13%
BPOP	D	0.57%	0.2%	0.2%
BRBR	C	0.05%	0.22%	0.05%
BRC	C	0.18%	0.13%	0.13%
BRKR	D	0.19%	0.19%	0.19%
BRX	C	0.37%	0.23%	0.23%
BRY	F	0.02%	0.08%	0.02%
BSY	D	0.14%	0.28%	0.14%
BWXT	A	0.12%	0.23%	0.12%
BYD	C	0.01%	0.16%	0.01%
CACC	F	0.09%	0.12%	0.09%
CACI	A	0.02%	0.25%	0.02%
CASH	D	0.0%	0.11%	0.0%
CASY	D	0.06%	0.3%	0.06%
CBSH	D	0.21%	0.2%	0.2%
CBT	B	0.13%	0.18%	0.13%
CEIX	B	0.07%	0.15%	0.07%
CHCO	D	0.0%	0.11%	0.0%
CHDN	D	0.09%	0.22%	0.09%
CHE	C	0.34%	0.24%	0.24%
CHK	D	0.26%	0.25%	0.25%
CHRD	F	0.03%	0.22%	0.03%
CIEN	A	0.03%	0.24%	0.03%
CLH	C	0.07%	0.27%	0.07%
CMA	C	0.0%	0.22%	0.0%
CMC	D	0.14%	0.17%	0.14%
CNM	F	0.41%	0.18%	0.18%
CNO	C	0.15%	0.15%	0.15%
CNX	A	0.05%	0.2%	0.05%
COKE	B	0.25%	0.18%	0.18%
COOP	B	0.4%	0.18%	0.18%
CORT	B	0.25%	0.16%	0.16%
CPRX	C	0.22%	0.14%	0.14%
CR	B	0.34%	0.2%	0.2%
CRAI	C	0.01%	0.09%	0.01%
CROX	C	0.29%	0.23%	0.23%
CRUS	D	0.14%	0.19%	0.14%
CSWI	B	0.08%	0.17%	0.08%
CTBI	D	0.05%	0.09%	0.05%
CUBE	C	0.13%	0.29%	0.13%
CUBI	F	0.08%	0.08%	0.08%
CUZ	C	0.08%	0.16%	0.08%
CVCO	B	0.16%	0.14%	0.14%
CVLT	C	0.07%	0.19%	0.07%
CW	A	0.21%	0.28%	0.21%
CXW	F	0.07%	0.09%	0.07%
DCI	B	0.18%	0.21%	0.18%
DDS	D	0.3%	0.1%	0.1%
DEI	A	0.0%	0.13%	0.0%
DINO	F	0.01%	0.2%	0.01%
DKS	D	0.42%	0.29%	0.29%
DOCS	A	0.13%	0.22%	0.13%
DTM	A	0.16%	0.24%	0.16%
DUOL	B	0.4%	0.32%	0.32%
DY	C	0.02%	0.17%	0.02%
EEFT	F	0.09%	0.15%	0.09%
EHC	B	0.05%	0.25%	0.05%
EIG	B	0.07%	0.1%	0.07%
ELAN	D	0.08%	0.2%	0.08%
EME	C	0.84%	0.42%	0.42%
ENS	D	0.04%	0.13%	0.04%
ENSG	D	0.14%	0.24%	0.14%
ENVA	D	0.01%	0.12%	0.01%
EPAC	C	0.06%	0.11%	0.06%
EQC	D	0.07%	0.12%	0.07%
ESAB	C	0.16%	0.17%	0.16%
ESI	B	0.15%	0.17%	0.15%
ESTC	F	0.23%	0.17%	0.17%
EVR	C	0.72%	0.24%	0.24%
EWBC	D	0.32%	0.26%	0.26%
EXEL	B	0.19%	0.22%	0.19%
EXLS	A	0.2%	0.18%	0.18%
EXPO	A	0.11%	0.17%	0.11%
FBP	D	0.21%	0.14%	0.14%
FCN	C	0.04%	0.2%	0.04%
FHI	C	0.1%	0.14%	0.1%
FHN	D	0.04%	0.22%	0.04%
FIX	A	0.41%	0.31%	0.31%
FLO	D	0.07%	0.15%	0.07%
FN	B	0.06%	0.22%	0.06%
FR	C	0.35%	0.2%	0.2%
FSS	B	0.02%	0.16%	0.02%
FULT	D	0.0%	0.13%	0.0%
GEO	F	0.06%	0.09%	0.06%
GGG	B	0.31%	0.31%	0.31%
GIII	C	0.03%	0.11%	0.03%
GKOS	B	0.07%	0.2%	0.07%
GMED	D	0.02%	0.22%	0.02%
GNW	C	0.0%	0.13%	0.0%
GOLF	F	0.13%	0.1%	0.1%
GPI	C	0.21%	0.17%	0.17%
GPK	C	0.28%	0.22%	0.22%
GWRE	A	0.01%	0.34%	0.01%
HAE	D	0.19%	0.13%	0.13%
HALO	D	0.27%	0.21%	0.21%
HCC	B	0.06%	0.12%	0.06%
HE	F	0.07%	0.08%	0.07%
HIMS	B	0.09%	0.12%	0.09%
HIW	C	0.2%	0.14%	0.14%
HLI	C	0.16%	0.23%	0.16%
HNI	B	0.03%	0.1%	0.03%
HOG	D	0.19%	0.16%	0.16%
HRB	C	0.45%	0.24%	0.24%
HSII	C	0.26%	0.08%	0.08%
HSTM	B	0.04%	0.09%	0.04%
HWKN	A	0.06%	0.11%	0.06%
IBKR	A	0.37%	0.34%	0.34%
IBOC	D	0.09%	0.13%	0.09%
IBP	B	0.05%	0.18%	0.05%
ICFI	C	0.11%	0.12%	0.11%
IDCC	A	0.07%	0.14%	0.07%
IDT	C	0.03%	0.12%	0.03%
IESC	B	0.02%	0.11%	0.02%
IMKTA	F	0.26%	0.09%	0.09%
INVA	B	0.1%	0.1%	0.1%
IOSP	F	0.04%	0.11%	0.04%
ITGR	C	0.05%	0.17%	0.05%
ITT	B	0.32%	0.27%	0.27%
JBSS	F	0.21%	0.08%	0.08%
JXN	A	0.0%	0.19%	0.0%
KAI	C	0.12%	0.13%	0.12%
KD	F	0.05%	0.16%	0.05%
KFRC	F	0.18%	0.08%	0.08%
KFY	C	0.02%	0.13%	0.02%
KLG	D	0.04%	0.09%	0.04%
KNF	C	0.07%	0.17%	0.07%
KNSL	D	0.18%	0.25%	0.18%
KRC	C	0.13%	0.15%	0.13%
LAMR	C	0.36%	0.28%	0.28%
LANC	F	0.02%	0.13%	0.02%
LECO	D	0.05%	0.24%	0.05%
LGND	D	0.08%	0.11%	0.08%
LMAT	B	0.02%	0.12%	0.02%
LNTH	C	0.24%	0.22%	0.22%
LPG	F	0.05%	0.1%	0.05%
LRN	C	0.14%	0.15%	0.14%
LSTR	D	0.1%	0.18%	0.1%
MANH	C	0.53%	0.38%	0.38%
MASI	B	0.07%	0.21%	0.07%
MATX	C	0.19%	0.16%	0.16%
MCB	B	0.09%	0.1%	0.09%
MCY	B	0.05%	0.11%	0.05%
MDU	C	0.06%	0.16%	0.06%
MEDP	F	0.4%	0.2%	0.2%
MLI	C	0.41%	0.2%	0.2%
MMS	B	0.05%	0.16%	0.05%
MMSI	C	0.14%	0.2%	0.14%
MOG.A	A	0.03%	0.17%	0.03%
MSA	F	0.02%	0.17%	0.02%
MSM	D	0.02%	0.13%	0.02%
MTG	B	0.1%	0.2%	0.1%
MTN	D	0.09%	0.2%	0.09%
MTSI	B	0.08%	0.18%	0.08%
NDSN	B	0.19%	0.3%	0.19%
NFG	A	0.13%	0.19%	0.13%
NHI	C	0.05%	0.15%	0.05%
NNN	A	0.12%	0.23%	0.12%
NOVT	C	0.15%	0.19%	0.15%
NSIT	B	0.09%	0.18%	0.09%
NSSC	F	0.1%	0.08%	0.08%
NTNX	C	0.5%	0.35%	0.35%
NTRA	A	0.35%	0.34%	0.34%
NVT	D	0.5%	0.26%	0.26%
NXST	D	0.08%	0.17%	0.08%
NYT	A	0.13%	0.25%	0.13%
OC	C	0.17%	0.31%	0.17%
OFG	D	0.29%	0.12%	0.12%
OGE	A	0.13%	0.24%	0.13%
OHI	C	0.1%	0.26%	0.1%
OLED	C	0.05%	0.23%	0.05%
OMF	F	0.15%	0.16%	0.15%
ONTO	B	0.21%	0.26%	0.21%
ORI	B	0.41%	0.23%	0.23%
OSIS	B	0.02%	0.12%	0.02%
OSUR	F	0.02%	0.09%	0.02%
OTTR	F	0.07%	0.13%	0.07%
OZK	F	0.07%	0.14%	0.07%
PBF	F	0.02%	0.13%	0.02%
PBH	D	0.08%	0.15%	0.08%
PCVX	B	0.11%	0.31%	0.11%
PDM	C	0.18%	0.11%	0.11%
PEGA	B	0.07%	0.14%	0.07%
PFBC	D	0.0%	0.1%	0.0%
PGRE	D	0.17%	0.09%	0.09%
PHIN	C	0.08%	0.12%	0.08%
PI	B	0.17%	0.2%	0.17%
PIPR	B	0.3%	0.16%	0.16%
PLNT	B	0.08%	0.21%	0.08%
PLUS	C	0.09%	0.13%	0.09%
POWL	A	0.29%	0.12%	0.12%
PRDO	D	0.0%	0.1%	0.0%
PRGS	B	0.18%	0.14%	0.14%
PRI	A	0.26%	0.24%	0.24%
PSTG	F	0.3%	0.33%	0.3%
QLYS	F	0.12%	0.15%	0.12%
R	C	0.26%	0.18%	0.18%
RDN	D	0.0%	0.17%	0.0%
RGEN	F	0.08%	0.19%	0.08%
RGLD	C	0.14%	0.24%	0.14%
RHI	D	0.16%	0.18%	0.16%
RL	B	0.15%	0.21%	0.15%
RLI	A	0.03%	0.19%	0.03%
RNR	A	0.23%	0.32%	0.23%
RPM	A	0.21%	0.34%	0.21%
RUSHA	D	0.05%	0.12%	0.05%
SANM	D	0.2%	0.14%	0.14%
SCI	C	0.14%	0.28%	0.14%
SCS	D	0.08%	0.08%	0.08%
SF	A	0.15%	0.25%	0.15%
SFM	A	0.48%	0.26%	0.26%
SHO	D	0.02%	0.12%	0.02%
SLM	C	0.16%	0.16%	0.16%
SLVM	C	0.02%	0.14%	0.02%
SN	B	0.3%	0.2%	0.2%
SNEX	C	0.07%	0.12%	0.07%
SNV	D	0.04%	0.18%	0.04%
SOLV	C	0.33%	0.26%	0.26%
SON	D	0.11%	0.16%	0.11%
SPSC	D	0.13%	0.19%	0.13%
SQSP	A	0.16%	0.12%	0.12%
SR	C	0.12%	0.16%	0.12%
SRCE	D	0.14%	0.09%	0.09%
SRPT	F	0.23%	0.27%	0.23%
SSD	B	0.16%	0.2%	0.16%
SSTK	F	0.13%	0.1%	0.1%
STAG	D	0.04%	0.2%	0.04%
STRL	B	0.24%	0.16%	0.16%
SUPN	D	0.02%	0.12%	0.02%
TDS	B	0.04%	0.15%	0.04%
TENB	F	0.08%	0.15%	0.08%
TGNA	B	0.08%	0.14%	0.08%
THC	C	0.33%	0.37%	0.33%
TKR	D	0.2%	0.15%	0.15%
TMHC	C	0.1%	0.21%	0.1%
TNC	F	0.07%	0.09%	0.07%
TNL	B	0.15%	0.14%	0.14%
TOL	A	0.17%	0.35%	0.17%
TPB	A	0.03%	0.09%	0.03%
TPH	C	0.16%	0.15%	0.15%
TPR	B	0.26%	0.27%	0.26%
TPX	C	0.25%	0.24%	0.24%
TREX	D	0.24%	0.17%	0.17%
TTC	D	0.16%	0.21%	0.16%
TTEK	B	0.34%	0.28%	0.28%
TXRH	A	0.07%	0.28%	0.07%
UFPI	C	0.24%	0.2%	0.2%
UGI	C	0.11%	0.18%	0.11%
UMBF	C	0.12%	0.16%	0.12%
UNM	A	0.0%	0.25%	0.0%
UTHR	C	0.37%	0.36%	0.36%
UTL	C	0.01%	0.11%	0.01%
UVE	C	0.03%	0.1%	0.03%
VCEL	F	0.02%	0.12%	0.02%
VECO	F	0.13%	0.09%	0.09%
VGR	B	0.33%	0.12%	0.12%
VIRT	B	0.03%	0.14%	0.03%
VMI	B	0.13%	0.16%	0.13%
VNDA	F	0.03%	0.08%	0.03%
VNT	F	0.05%	0.16%	0.05%
VOYA	A	0.17%	0.22%	0.17%
VRNS	C	0.12%	0.19%	0.12%
VSH	F	0.11%	0.1%	0.1%
VSTO	D	0.13%	0.12%	0.12%
WAL	C	0.1%	0.24%	0.1%
WBS	D	0.04%	0.21%	0.04%
WEN	D	0.12%	0.13%	0.12%
WFRD	F	0.37%	0.18%	0.18%
WH	C	0.11%	0.19%	0.11%
WING	B	0.47%	0.3%	0.3%
WMS	D	0.13%	0.23%	0.13%
WSO	C	0.31%	0.33%	0.31%
WTFC	D	0.02%	0.19%	0.02%
WTS	C	0.13%	0.16%	0.13%
XHR	B	0.03%	0.11%	0.03%
YELP	D	0.06%	0.13%	0.06%
ZION	D	0.2%	0.19%	0.19%

SMLF Overweight 490 Positions Relative to FSMD

Symbol	Grade	Weight
APP	A	0.7%
DECK	B	0.68%
JBL	D	0.55%
WSM	B	0.52%
RS	D	0.48%
SLG	C	0.46%
AXON	A	0.45%
IDA	C	0.43%
CSL	A	0.42%
LPX	A	0.41%
MSTR	B	0.41%
IOT	C	0.4%
VNO	A	0.4%
AM	A	0.39%
COCO	C	0.39%
PCOR	D	0.38%
LBRDA	B	0.37%
CVNA	A	0.34%
GTLB	D	0.34%
JEF	A	0.34%
CAVA	C	0.32%
MAC	C	0.31%
WK	D	0.31%
XRAY	D	0.31%
SPXC	C	0.3%
MOD	B	0.29%
FLEX	C	0.29%
YOU	C	0.29%
SIG	C	0.28%
SMAR	A	0.27%
JHG	C	0.27%
ENTG	D	0.27%
LBTYA	A	0.26%
FCNCA	D	0.25%
APA	F	0.25%
LSCC	D	0.25%
HURN	D	0.24%
AGO	B	0.24%
SMG	A	0.23%
XRX	D	0.23%
ETSY	F	0.23%
GAP	F	0.23%
HAS	A	0.23%
JOE	D	0.23%
W	D	0.23%
INTA	C	0.23%
SKT	A	0.23%
AXSM	B	0.22%
AZPN	C	0.22%
DNLI	C	0.22%
BBWI	F	0.22%
OVV	F	0.22%
LIVN	B	0.21%
AR	B	0.21%
CFR	D	0.21%
ATKR	F	0.2%
RMBS	F	0.2%
GLPI	A	0.2%
RRX	C	0.2%
MUR	F	0.2%
NAVI	D	0.2%
AGNC	C	0.19%
GES	F	0.19%
RRC	D	0.19%
TPG	B	0.19%
ELF	F	0.19%
AVNT	C	0.19%
M	F	0.19%
TEX	F	0.19%
LNW	F	0.18%
TDOC	D	0.18%
CWEN	C	0.18%
FROG	F	0.18%
WS	D	0.18%
PRG	C	0.18%
LUMN	C	0.18%
ATI	B	0.17%
RNG	F	0.17%
VCYT	C	0.17%
PVH	F	0.17%
EXTR	C	0.17%
USFD	C	0.17%
ACLS	F	0.17%
FAF	B	0.17%
WCC	C	0.17%
KRG	C	0.17%
TOST	C	0.16%
SKY	B	0.16%
IGT	F	0.16%
IONS	F	0.16%
PRKS	D	0.16%
SPB	C	0.16%
MMYT	D	0.16%
SATS	C	0.16%
WTM	D	0.15%
NJR	C	0.15%
AY	C	0.15%
ONON	C	0.15%
KIM	C	0.15%
SPT	F	0.15%
IVT	C	0.15%
GH	F	0.15%
NUVL	B	0.15%
TNET	F	0.14%
ODP	F	0.14%
OGS	C	0.14%
NSP	F	0.14%
GME	F	0.14%
UA	B	0.14%
BL	D	0.14%
INSP	B	0.14%
FYBR	C	0.14%
SBGI	B	0.14%
HOV	D	0.13%
BRZE	F	0.13%
YEXT	B	0.13%
NOV	F	0.13%
GNRC	B	0.13%
RYAN	A	0.13%
FTAI	A	0.13%
IPAR	D	0.13%
HUN	B	0.13%
BLKB	C	0.13%
MFA	C	0.13%
KBR	C	0.13%
THO	B	0.13%
GATX	F	0.13%
XPO	F	0.13%
XNCR	D	0.13%
AA	B	0.13%
GFF	C	0.12%
OLN	D	0.12%
CHX	D	0.12%
PCTY	B	0.12%
SFBS	D	0.12%
LILA	B	0.12%
BANF	D	0.12%
AWR	A	0.12%
BCRX	D	0.12%
MAT	D	0.12%
ACCO	C	0.12%
WAFD	D	0.12%
DFIN	C	0.12%
PTEN	F	0.11%
NTCT	B	0.11%
KLIC	D	0.11%
ACAD	F	0.11%
EXPI	C	0.11%
PNM	B	0.11%
CMPR	F	0.11%
BAND	D	0.11%
SYNA	D	0.11%
PARA	F	0.11%
CYTK	F	0.11%
INSM	D	0.11%
COUR	F	0.11%
OPCH	F	0.11%
OSCR	C	0.11%
WEX	C	0.11%
HTH	D	0.11%
MTRN	F	0.1%
AAN	C	0.1%
UPBD	F	0.1%
CARG	C	0.1%
KSS	D	0.1%
SAIA	D	0.1%
BASE	F	0.1%
WSC	D	0.1%
BC	D	0.1%
NYCB	D	0.1%
KW	B	0.1%
MATV	F	0.1%
IVZ	A	0.1%
SWN	D	0.1%
X	F	0.1%
LAZ	C	0.1%
EGP	D	0.1%
OII	D	0.1%
VMEO	C	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
APG	F	0.09%
BDC	B	0.09%
MPW	C	0.09%
LBTYK	A	0.09%
HASI	C	0.09%
YETI	B	0.09%
BECN	F	0.09%
ALIT	D	0.09%
JACK	F	0.09%
DNOW	F	0.09%
HP	F	0.09%
CXT	F	0.09%
CRC	B	0.09%
SITC	F	0.09%
CAL	F	0.09%
MIDD	D	0.09%
CRS	C	0.09%
AGM	F	0.09%
LYFT	D	0.08%
HI	F	0.08%
LZ	F	0.08%
FLR	D	0.08%
GMS	C	0.08%
CRDO	B	0.08%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
CAR	D	0.08%
FLNC	C	0.08%
PD	F	0.08%
ILPT	D	0.08%
PNFP	D	0.08%
DVAX	D	0.08%
MKSI	F	0.08%
BOX	C	0.08%
KN	C	0.08%
VFC	B	0.08%
VC	F	0.08%
VERA	C	0.08%
MDGL	F	0.08%
WOR	F	0.08%
MRC	D	0.08%
ADEA	C	0.07%
OXM	F	0.07%
BLMN	F	0.07%
GCO	F	0.07%
AZEK	C	0.07%
UVV	D	0.07%
ANAB	D	0.07%
WLY	A	0.07%
SANA	F	0.07%
SM	F	0.07%
HWC	D	0.07%
ANGI	D	0.07%
HOUS	D	0.07%
DH	F	0.07%
FHB	D	0.07%
DLX	F	0.07%
RIG	F	0.07%
RYN	C	0.07%
AIV	C	0.07%
VIR	F	0.07%
CNMD	D	0.07%
VKTX	C	0.07%
SFL	D	0.07%
NTB	D	0.07%
MED	F	0.07%
UNIT	B	0.07%
ACHC	F	0.07%
WYNN	B	0.07%
COTY	F	0.07%
POR	C	0.07%
HEES	D	0.07%
PK	D	0.06%
GPMT	D	0.06%
TRN	C	0.06%
MERC	D	0.06%
WBA	F	0.06%
NVST	D	0.06%
APLS	F	0.06%
CENTA	F	0.06%
PEN	D	0.06%
VAC	D	0.06%
LFUS	C	0.06%
FIVN	F	0.06%
NXT	F	0.06%
OMI	F	0.06%
AMLX	D	0.06%
NBR	F	0.06%
LADR	D	0.06%
DOMO	F	0.06%
CC	D	0.06%
NARI	F	0.06%
AMPL	D	0.06%
STWD	C	0.06%
AVDX	F	0.05%
PFSI	C	0.05%
RCUS	F	0.05%
ITRI	C	0.05%
MAN	D	0.05%
BKD	D	0.05%
ASAN	F	0.05%
AVAV	B	0.05%
BEAM	F	0.05%
AMBC	F	0.05%
CERS	F	0.05%
RKT	C	0.05%
WTTR	C	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
S	C	0.05%
ZIP	D	0.05%
KOS	F	0.05%
SMTC	C	0.05%
AFRM	C	0.05%
EYPT	F	0.05%
CELH	F	0.05%
PATH	D	0.05%
WGO	D	0.05%
FUN	F	0.05%
THR	F	0.05%
SITE	D	0.05%
PZZA	D	0.05%
IRTC	F	0.05%
MDXG	F	0.04%
CLVT	D	0.04%
OI	D	0.04%
SPRY	B	0.04%
ACCD	F	0.04%
SLAB	D	0.04%
OPI	F	0.04%
QDEL	D	0.04%
DIN	D	0.04%
TARS	C	0.04%
TILE	C	0.04%
CGEM	F	0.04%
SOFI	C	0.04%
SAH	D	0.04%
ARRY	F	0.04%
CFFN	D	0.04%
DAWN	D	0.04%
AGYS	D	0.04%
PRGO	F	0.04%
OUT	C	0.04%
IVR	C	0.04%
RDFN	C	0.04%
AGS	B	0.04%
HELE	D	0.04%
NATL	D	0.04%
SNBR	C	0.04%
EVH	D	0.04%
SVC	F	0.04%
AVXL	D	0.04%
VITL	B	0.04%
NRC	F	0.04%
FFIN	D	0.04%
HLF	F	0.04%
KREF	C	0.04%
ROKU	C	0.04%
CVI	F	0.04%
SONO	D	0.04%
WD	C	0.03%
QRTEA	F	0.03%
RYI	F	0.03%
ARCB	D	0.03%
TSE	B	0.03%
DAN	D	0.03%
TCBI	C	0.03%
OFIX	D	0.03%
ATRC	C	0.03%
NX	F	0.03%
DNB	D	0.03%
MGNI	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	0.03%
BILL	D	0.03%
EVTC	D	0.03%
LTH	C	0.03%
RGNX	F	0.03%
EMBC	F	0.03%
REVG	D	0.03%
SGH	D	0.03%
TWO	D	0.03%
JELD	D	0.03%
SWIM	B	0.03%
PDCO	F	0.03%
BRSP	D	0.03%
UDMY	F	0.03%
CHWY	C	0.03%
TLRY	F	0.03%
DBI	F	0.03%
FLYW	F	0.03%
BBIO	F	0.03%
QXO	F	0.03%
CORZ	C	0.03%
RPD	D	0.03%
FL	F	0.03%
RVMD	B	0.03%
CNS	C	0.03%
CALX	C	0.03%
CDP	A	0.03%
ARWR	F	0.03%
PRO	F	0.02%
ERAS	D	0.02%
NTLA	F	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
BMBL	F	0.02%
WOOF	A	0.02%
HMST	B	0.02%
OLPX	C	0.02%
NWL	D	0.02%
HAIN	B	0.02%
PII	D	0.02%
VSTS	D	0.02%
MTW	F	0.02%
EDR	A	0.02%
GPRO	D	0.02%
DYN	D	0.02%
EVRI	A	0.02%
PR	F	0.02%
ARCT	D	0.02%
NUS	F	0.02%
IRWD	F	0.02%
RLJ	D	0.02%
DOCN	C	0.02%
PTCT	C	0.02%
AKRO	C	0.02%
EPR	C	0.02%
CNDT	B	0.02%
TGTX	C	0.02%
JANX	D	0.02%
CRSP	F	0.02%
ALHC	B	0.02%
VIAV	B	0.02%
SAFE	C	0.02%
USNA	F	0.02%
CWK	C	0.01%
SFIX	F	0.01%
RBRK	F	0.01%
JOBY	D	0.01%
ZUO	F	0.01%
MITK	F	0.01%
VAL	F	0.01%
PGEN	F	0.01%
AIN	F	0.01%
TTGT	F	0.01%
SWI	C	0.01%
ARR	D	0.01%
OMER	D	0.01%
BIGC	F	0.01%
GO	F	0.01%
PCH	C	0.01%
EPC	F	0.01%
PEB	D	0.01%
POWI	F	0.01%
FLWS	F	0.01%
OIS	F	0.01%
TDC	D	0.01%
ALGM	F	0.01%
JAMF	F	0.01%
HQY	C	0.01%
CAKE	A	0.01%
UPWK	D	0.01%
WTI	D	0.01%
MBC	C	0.01%
VRE	C	0.01%
NWN	C	0.01%
TR	D	0.01%
NGVT	D	0.01%
HTZ	F	0.01%
BSIG	D	0.01%
PYCR	D	0.01%
ROIV	D	0.01%
SWX	C	0.01%
HCAT	C	0.01%
SWTX	F	0.01%
ENR	B	0.01%
STGW	B	0.01%
MLAB	B	0.01%
ALAB	D	0.01%
GEF	D	0.01%
UNFI	B	0.01%
XPRO	F	0.01%
NFBK	D	0.01%
KALU	D	0.01%
MBLY	F	0.01%
RHP	C	0.01%
NEXA	B	0.01%
AEIS	F	0.01%
RXT	C	0.01%
HXL	F	0.01%
SSB	C	0.01%
HYFM	D	0.0%
BFH	D	0.0%
MC	C	0.0%
SEE	C	0.0%
EGBN	B	0.0%
GDOT	C	0.0%
NBTB	D	0.0%
HPP	F	0.0%
CVBF	B	0.0%
BOH	D	0.0%
TRMK	D	0.0%
BDN	A	0.0%
TBBK	C	0.0%
BKU	D	0.0%

SMLF Underweight 254 Positions Relative to FSMD

Symbol	Grade	Weight
NRG	A	-0.43%
TPL	B	-0.4%
LII	C	-0.4%
LYV	A	-0.37%
UHS	D	-0.34%
PNR	C	-0.34%
TW	A	-0.33%
RGA	C	-0.32%
ERIE	A	-0.32%
ROL	B	-0.31%
CPT	C	-0.31%
NWSA	D	-0.31%
L	D	-0.31%
SNA	A	-0.31%
EQH	C	-0.3%
ELS	D	-0.3%
SW	C	-0.29%
FTI	B	-0.29%
JNPR	B	-0.29%
JLL	B	-0.29%
CHRW	A	-0.28%
TFX	C	-0.28%
BXP	C	-0.28%
REG	C	-0.28%
REXR	D	-0.27%
NBIX	F	-0.26%
MTCH	B	-0.26%
GL	C	-0.25%
DOX	B	-0.25%
INCY	B	-0.25%
ATR	A	-0.25%
CPB	D	-0.24%
TAP	D	-0.24%
AOS	B	-0.24%
EXP	C	-0.24%
WWD	B	-0.24%
DVA	C	-0.24%
FRT	D	-0.23%
SKX	B	-0.23%
INGR	A	-0.23%
HSIC	D	-0.23%
BFAM	C	-0.23%
MUSA	D	-0.23%
AFG	C	-0.23%
SNX	C	-0.23%
HII	F	-0.23%
OWL	A	-0.23%
MHK	B	-0.22%
MORN	C	-0.22%
HRL	F	-0.22%
ALLY	F	-0.22%
ADC	B	-0.21%
BWA	B	-0.21%
RBC	C	-0.21%
GNTX	D	-0.2%
ESNT	C	-0.2%
SEIC	B	-0.2%
HLNE	A	-0.2%
AAON	A	-0.2%
MTH	C	-0.2%
OLLI	C	-0.19%
SAIC	A	-0.19%
EPRT	C	-0.19%
CRBG	C	-0.19%
SIGI	D	-0.18%
MGY	B	-0.18%
THG	C	-0.18%
ALTR	B	-0.18%
WMG	D	-0.18%
G	A	-0.18%
KBH	C	-0.18%
FLS	A	-0.18%
DBX	B	-0.18%
RDNT	C	-0.18%
CTRE	B	-0.17%
QTWO	C	-0.17%
OSK	F	-0.17%
PRCT	C	-0.17%
ACIW	B	-0.17%
POST	C	-0.17%
ZETA	B	-0.17%
OGN	F	-0.16%
KTB	B	-0.16%
MHO	C	-0.16%
CIVI	F	-0.16%
AVT	C	-0.16%
NWE	B	-0.16%
ALE	A	-0.16%
EWTX	B	-0.16%
VVV	D	-0.16%
AWI	A	-0.16%
PLXS	B	-0.15%
FUL	F	-0.15%
BNL	C	-0.15%
SHOO	A	-0.15%
ESGR	D	-0.15%
PSN	A	-0.15%
DORM	C	-0.15%
LOPE	D	-0.15%
SUM	D	-0.15%
WU	D	-0.15%
KRYS	D	-0.15%
DLB	D	-0.15%
FTDR	C	-0.15%
WLK	C	-0.15%
BTU	B	-0.15%
ZWS	A	-0.15%
AXNX	A	-0.15%
ADUS	D	-0.14%
CHH	B	-0.14%
FELE	C	-0.14%
VRRM	D	-0.14%
PJT	C	-0.14%
NEU	F	-0.14%
LBRT	F	-0.14%
ZD	D	-0.14%
DXC	D	-0.14%
AMED	D	-0.14%
SEM	D	-0.14%
CRVL	C	-0.14%
PATK	C	-0.14%
AGR	C	-0.14%
CRNX	C	-0.14%
SLGN	C	-0.14%
BGC	C	-0.14%
NMIH	C	-0.14%
AVA	D	-0.14%
NSA	C	-0.14%
STNG	D	-0.14%
SKYW	B	-0.13%
CALM	B	-0.13%
UFPT	D	-0.13%
INSW	B	-0.13%
UE	C	-0.13%
ATGE	D	-0.13%
GPOR	B	-0.13%
COLM	B	-0.13%
PAG	D	-0.13%
ROAD	C	-0.13%
PLMR	C	-0.13%
FORM	F	-0.13%
WDFC	B	-0.13%
LEVI	B	-0.13%
CATY	D	-0.13%
ASTH	A	-0.13%
APAM	C	-0.13%
SXT	C	-0.13%
AMKR	F	-0.13%
GHC	B	-0.13%
CBZ	F	-0.12%
MIR	B	-0.12%
GTES	C	-0.12%
TWST	D	-0.12%
SBH	C	-0.12%
VCTR	B	-0.12%
TK	B	-0.12%
PRIM	C	-0.12%
MWA	A	-0.12%
DEA	D	-0.11%
GNE	D	-0.11%
SPOK	D	-0.11%
BHE	C	-0.11%
PLAB	D	-0.11%
SPNT	D	-0.11%
WSBC	D	-0.11%
FF	B	-0.11%
ACT	C	-0.11%
HCI	B	-0.11%
LZB	C	-0.11%
KURA	F	-0.11%
AZZ	C	-0.11%
REYN	D	-0.11%
SCHL	F	-0.11%
CNXC	F	-0.11%
HMN	B	-0.11%
PAHC	C	-0.11%
STRA	F	-0.11%
LTC	D	-0.11%
NHC	D	-0.11%
HUBG	D	-0.11%
PINC	F	-0.11%
MGRC	D	-0.11%
MTX	B	-0.11%
SKWD	B	-0.11%
USM	C	-0.11%
UNF	A	-0.11%
PLTK	C	-0.11%
ADTN	B	-0.11%
TNK	B	-0.11%
AMAL	D	-0.1%
ASC	D	-0.1%
USPH	F	-0.1%
SCSC	D	-0.1%
UVSP	D	-0.1%
ROCK	D	-0.1%
INFA	D	-0.1%
WINA	D	-0.1%
WABC	F	-0.1%
USLM	C	-0.1%
MCRI	B	-0.1%
QCRH	D	-0.1%
CTS	B	-0.1%
CPF	C	-0.1%
PPC	B	-0.1%
SCVL	D	-0.1%
URBN	F	-0.1%
COLL	B	-0.1%
AAT	C	-0.1%
REX	D	-0.1%
ZYXI	D	-0.09%
FIZZ	D	-0.09%
MRVI	F	-0.09%
MSBI	F	-0.09%
WSR	C	-0.09%
CASS	D	-0.09%
UTMD	F	-0.09%
ETH	F	-0.09%
TPC	A	-0.09%
HCKT	C	-0.09%
CFB	D	-0.09%
THFF	D	-0.09%
CWCO	F	-0.09%
CSV	C	-0.09%
EGY	D	-0.09%
ANIP	F	-0.09%
SMP	D	-0.09%
STAA	D	-0.09%
IBCP	D	-0.09%
TRNS	D	-0.09%
CNXN	C	-0.09%
ANDE	D	-0.09%
PEBO	F	-0.09%
OLP	C	-0.09%
CECO	D	-0.08%
HCSG	D	-0.08%
RMR	B	-0.08%
UTI	D	-0.08%
NVEC	D	-0.08%
EBF	C	-0.08%
BBSI	C	-0.08%
SMLR	F	-0.07%
SIGA	F	-0.07%
METC	D	-0.07%
KELYA	D	-0.07%
MLR	B	-0.07%
SXC	F	-0.07%
GIC	D	-0.07%
NPK	F	-0.07%
SLP	F	-0.07%
PANL	D	-0.07%
IMMR	D	-0.06%
KRT	F	-0.06%
JBI	F	-0.06%
CLW	F	-0.05%