SMLF vs. ISMD ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Inspire Small/Mid Cap Impact ETF (ISMD)

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

ISMD

Inspire Small/Mid Cap Impact ETF

ISMD Description

Inspire Small/Mid Cap Impact ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($1B-$3.5B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap Impact ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

Grade (RS Rating)

Last Trade

$40.16

Average Daily Volume

29,178

Number of Holdings ^*

485

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	ISMD
30 Days	10.53%	8.02%
60 Days	10.49%	6.56%
90 Days	11.95%	7.16%
12 Months	40.74%	31.91%

211 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in ISMD	Overlap
ABG	B	0.15%	0.21%	0.15%
ACCD	D	0.03%	0.18%	0.03%
ACCO	C	0.13%	0.21%	0.13%
ACHC	F	0.04%	0.12%	0.04%
ADMA	B	0.06%	0.19%	0.06%
AEIS	B	0.01%	0.2%	0.01%
AGCO	D	0.2%	0.19%	0.19%
AGM	C	0.1%	0.22%	0.1%
AGX	B	0.08%	0.26%	0.08%
AIN	C	0.01%	0.18%	0.01%
AIT	A	0.12%	0.24%	0.12%
AIV	C	0.06%	0.19%	0.06%
ALRM	C	0.03%	0.22%	0.03%
ALSN	B	0.56%	0.24%	0.24%
ALX	D	0.1%	0.18%	0.1%
ANGI	D	0.04%	0.13%	0.04%
ARW	D	0.18%	0.17%	0.17%
ATI	D	0.14%	0.17%	0.14%
AWR	B	0.12%	0.2%	0.12%
BANF	B	0.14%	0.23%	0.14%
BC	C	0.09%	0.19%	0.09%
BCO	D	0.06%	0.16%	0.06%
BCPC	B	0.04%	0.2%	0.04%
BCRX	D	0.11%	0.18%	0.11%
BDC	B	0.08%	0.2%	0.08%
BDN	C	0.13%	0.19%	0.13%
BKH	A	0.01%	0.2%	0.01%
BKU	A	0.0%	0.22%	0.0%
BLKB	B	0.13%	0.19%	0.13%
BMI	B	0.16%	0.19%	0.16%
BRC	D	0.17%	0.19%	0.17%
CAKE	C	0.01%	0.23%	0.01%
CALX	D	0.02%	0.15%	0.02%
CAR	C	0.09%	0.23%	0.09%
CARS	B	0.08%	0.22%	0.08%
CBT	C	0.12%	0.19%	0.12%
CC	C	0.06%	0.18%	0.06%
CHCO	B	0.0%	0.22%	0.0%
CMC	B	0.14%	0.21%	0.14%
CNS	B	0.03%	0.21%	0.03%
COUR	F	0.09%	0.17%	0.09%
CRUS	D	0.11%	0.16%	0.11%
CUBI	C	0.09%	0.23%	0.09%
CVLT	B	0.08%	0.22%	0.08%
CYTK	F	0.11%	0.19%	0.11%
DAN	D	0.02%	0.15%	0.02%
DDS	B	0.31%	0.22%	0.22%
DEI	B	0.0%	0.21%	0.0%
DFIN	D	0.11%	0.18%	0.11%
DNOW	B	0.1%	0.22%	0.1%
EGBN	B	0.0%	0.25%	0.0%
EIG	B	0.0%	0.22%	0.0%
EMBC	C	0.03%	0.2%	0.03%
ENR	B	0.01%	0.21%	0.01%
ENS	D	0.04%	0.19%	0.04%
ENVA	B	0.01%	0.24%	0.01%
EPC	D	0.01%	0.19%	0.01%
EQC	B	0.07%	0.2%	0.07%
EXEL	B	0.24%	0.26%	0.24%
EXLS	B	0.23%	0.23%	0.23%
EXPO	D	0.09%	0.17%	0.09%
FFIN	B	0.05%	0.22%	0.05%
FHN	A	0.04%	0.26%	0.04%
FLO	D	0.06%	0.18%	0.06%
FOLD	F	0.05%	0.18%	0.05%
FR	C	0.31%	0.18%	0.18%
FULT	A	0.0%	0.23%	0.0%
GFF	A	0.12%	0.21%	0.12%
GKOS	B	0.07%	0.21%	0.07%
GMS	B	0.08%	0.22%	0.08%
GNW	A	0.0%	0.21%	0.0%
HAE	C	0.2%	0.22%	0.2%
HAIN	C	0.01%	0.16%	0.01%
HCAT	D	0.01%	0.18%	0.01%
HE	C	0.06%	0.21%	0.06%
HELE	C	0.04%	0.21%	0.04%
HI	C	0.09%	0.23%	0.09%
HIW	D	0.18%	0.19%	0.18%
HLF	C	0.04%	0.22%	0.04%
HNI	B	0.03%	0.2%	0.03%
HPP	F	0.04%	0.15%	0.04%
HQY	B	0.01%	0.24%	0.01%
HSII	B	0.31%	0.23%	0.23%
HSTM	B	0.04%	0.21%	0.04%
HTH	B	0.11%	0.2%	0.11%
HWKN	B	0.06%	0.19%	0.06%
HXL	D	0.01%	0.19%	0.01%
IBOC	A	0.11%	0.23%	0.11%
IBP	D	0.04%	0.16%	0.04%
ICFI	F	0.1%	0.16%	0.1%
IDA	A	0.46%	0.22%	0.22%
IDCC	A	0.09%	0.25%	0.09%
IOSP	B	0.04%	0.21%	0.04%
IPAR	B	0.13%	0.19%	0.13%
IRWD	F	0.02%	0.2%	0.02%
ITCI	C	0.06%	0.22%	0.06%
ITRI	B	0.05%	0.21%	0.05%
JACK	D	0.09%	0.19%	0.09%
JBSS	D	0.17%	0.17%	0.17%
JELD	F	0.02%	0.13%	0.02%
JOE	F	0.19%	0.17%	0.17%
KAI	A	0.13%	0.23%	0.13%
KBR	F	0.12%	0.18%	0.12%
KFRC	D	0.16%	0.19%	0.16%
KN	B	0.08%	0.2%	0.08%
KRC	C	0.12%	0.2%	0.12%
KRG	B	0.17%	0.2%	0.17%
LANC	C	0.02%	0.2%	0.02%
LPG	F	0.04%	0.15%	0.04%
LPX	B	0.41%	0.2%	0.2%
LSCC	D	0.23%	0.18%	0.18%
LSTR	D	0.1%	0.19%	0.1%
LXP	D	0.07%	0.18%	0.07%
MAC	B	0.31%	0.21%	0.21%
MATX	C	0.21%	0.22%	0.21%
MCY	A	0.06%	0.23%	0.06%
MDU	D	0.04%	0.13%	0.04%
MKSI	C	0.08%	0.19%	0.08%
MMS	F	0.04%	0.17%	0.04%
MOD	A	0.25%	0.18%	0.18%
MPW	F	0.06%	0.14%	0.06%
MTG	C	0.09%	0.19%	0.09%
MTRN	C	0.1%	0.2%	0.1%
NBR	C	0.07%	0.22%	0.07%
NBTB	B	0.0%	0.22%	0.0%
NFG	A	0.13%	0.2%	0.13%
NGVT	B	0.01%	0.23%	0.01%
NHI	D	0.04%	0.18%	0.04%
NJR	A	0.14%	0.2%	0.14%
NRC	F	0.03%	0.16%	0.03%
NSP	D	0.11%	0.16%	0.11%
NTCT	C	0.11%	0.2%	0.11%
NUS	D	0.02%	0.2%	0.02%
NWL	B	0.02%	0.23%	0.02%
NX	C	0.03%	0.21%	0.03%
OFIX	B	0.03%	0.23%	0.03%
OGE	B	0.12%	0.21%	0.12%
OGS	A	0.13%	0.2%	0.13%
OII	B	0.11%	0.21%	0.11%
OMI	F	0.04%	0.15%	0.04%
OSIS	B	0.02%	0.2%	0.02%
OXM	D	0.06%	0.17%	0.06%
PBH	A	0.09%	0.22%	0.09%
PDM	D	0.17%	0.18%	0.17%
PEGA	A	0.08%	0.23%	0.08%
PI	D	0.14%	0.16%	0.14%
PII	D	0.01%	0.16%	0.01%
PLUS	F	0.07%	0.16%	0.07%
POWI	D	0.01%	0.18%	0.01%
PRGS	A	0.18%	0.19%	0.18%
PRO	C	0.02%	0.24%	0.02%
PTCT	B	0.02%	0.21%	0.02%
PZZA	D	0.05%	0.17%	0.05%
QLYS	C	0.13%	0.22%	0.13%
R	B	0.28%	0.22%	0.22%
RHP	B	0.01%	0.2%	0.01%
RLI	B	0.03%	0.22%	0.03%
RLJ	C	0.02%	0.21%	0.02%
RUSHA	C	0.06%	0.23%	0.06%
RYN	D	0.06%	0.18%	0.06%
SAH	A	0.04%	0.22%	0.04%
SATS	D	0.12%	0.18%	0.12%
SFBS	B	0.13%	0.23%	0.13%
SKT	B	0.24%	0.21%	0.21%
SLAB	D	0.03%	0.17%	0.03%
SM	B	0.07%	0.21%	0.07%
SMTC	B	0.05%	0.19%	0.05%
SNBR	F	0.03%	0.13%	0.03%
SNDX	F	0.02%	0.16%	0.02%
SNV	B	0.05%	0.25%	0.05%
SPSC	C	0.11%	0.18%	0.11%
SR	A	0.12%	0.2%	0.12%
SRCE	B	0.16%	0.21%	0.16%
SSD	D	0.14%	0.19%	0.14%
SWX	B	0.01%	0.2%	0.01%
TCBI	B	0.03%	0.24%	0.03%
TDOC	C	0.18%	0.2%	0.18%
TDS	B	0.04%	0.26%	0.04%
THO	B	0.13%	0.2%	0.13%
TILE	B	0.05%	0.26%	0.05%
TKR	D	0.17%	0.18%	0.17%
TMHC	B	0.09%	0.2%	0.09%
TNC	D	0.06%	0.18%	0.06%
TPH	D	0.14%	0.18%	0.14%
TREX	C	0.24%	0.2%	0.2%
TRN	C	0.06%	0.21%	0.06%
TTGT	C	0.01%	0.23%	0.01%
UMBF	B	0.14%	0.23%	0.14%
UNIT	B	0.07%	0.19%	0.07%
UPBD	B	0.09%	0.2%	0.09%
UTL	B	0.01%	0.19%	0.01%
VAC	B	0.07%	0.24%	0.07%
VC	D	0.08%	0.19%	0.08%
VCYT	B	0.18%	0.21%	0.18%
VECO	F	0.1%	0.16%	0.1%
VITL	D	0.03%	0.16%	0.03%
VKTX	F	0.06%	0.15%	0.06%
VMI	B	0.15%	0.23%	0.15%
VRE	B	0.01%	0.2%	0.01%
VRNS	D	0.1%	0.18%	0.1%
VSH	D	0.09%	0.16%	0.09%
WBS	A	0.05%	0.25%	0.05%
WCC	B	0.2%	0.24%	0.2%
WEX	D	0.09%	0.17%	0.09%
WNC	C	0.07%	0.2%	0.07%
WTFC	A	0.02%	0.24%	0.02%
WTS	B	0.12%	0.2%	0.12%
WTTR	B	0.06%	0.24%	0.06%
XHR	B	0.03%	0.2%	0.03%
XNCR	B	0.15%	0.23%	0.15%
ZION	B	0.24%	0.25%	0.24%

SMLF Overweight 599 Positions Relative to ISMD

Symbol	Grade	Weight
APP	B	1.49%
EME	C	0.94%
EVR	B	0.81%
MSTR	C	0.73%
DECK	A	0.72%
AXON	A	0.66%
SFM	A	0.6%
NTNX	A	0.56%
JBL	B	0.55%
BPOP	B	0.53%
MANH	D	0.5%
SLG	B	0.49%
MLI	C	0.49%
RS	B	0.49%
NVT	B	0.49%
CVNA	B	0.46%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	B	0.43%
WSM	B	0.42%
PCOR	B	0.42%
CSL	C	0.41%
COOP	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%
POWL	C	0.38%
UTHR	C	0.38%
DKS	C	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	B	0.34%
CAVA	B	0.34%
WK	B	0.34%
LAMR	D	0.33%
JHG	A	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	A	0.31%
SOLV	C	0.31%
THC	D	0.31%
TPR	B	0.3%
ALKS	B	0.3%
SPXC	A	0.3%
CORT	B	0.3%
ANF	C	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%
AGO	B	0.27%
INTA	A	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%
HURN	B	0.25%
CFR	B	0.25%
TPX	B	0.24%
CPRX	C	0.24%
CBSH	A	0.24%
RMBS	C	0.24%
AN	C	0.24%
HALO	F	0.24%
IMKTA	C	0.24%
CW	B	0.23%
ENTG	D	0.23%
GAP	C	0.23%
AMG	B	0.23%
YOU	D	0.23%
UFPI	B	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	A	0.22%
APA	D	0.22%
RPM	A	0.22%
WS	B	0.22%
COKE	C	0.22%
AXSM	B	0.22%
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%
LIVN	F	0.2%
RDDT	B	0.2%
XRAY	F	0.2%
ELF	C	0.2%
ATKR	C	0.2%
RRX	B	0.2%
DTM	B	0.2%
DNLI	D	0.2%
BBWI	D	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	D	0.19%
M	D	0.19%
RNG	B	0.19%
SMG	D	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%
KNSL	B	0.18%
XRX	F	0.18%
NDSN	B	0.18%
ESAB	B	0.18%
USFD	A	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%
ACLX	C	0.17%
LNW	D	0.17%
LNTH	D	0.17%
PRG	C	0.17%
RHI	B	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	B	0.17%
PRKS	C	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	B	0.16%
ALLE	D	0.16%
BL	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%
CNO	A	0.16%
AGNC	D	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	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%
GES	F	0.15%
RL	B	0.15%
ONTO	D	0.15%
W	F	0.15%
FTAI	B	0.15%
DOCS	C	0.15%
SPB	C	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	A	0.15%
AMR	C	0.14%
RGLD	C	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%
ENSG	D	0.14%
UA	C	0.14%
TTC	D	0.14%
YEXT	A	0.14%
PCTY	B	0.14%
SCI	B	0.14%
AY	B	0.14%
SPT	C	0.14%
VMEO	B	0.13%
BPMC	C	0.13%
TNET	D	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
GOLF	B	0.13%
RYAN	B	0.13%
FYBR	D	0.13%
NUVL	D	0.13%
AA	B	0.13%
MAT	D	0.12%
INSP	D	0.12%
AROC	B	0.12%
SAIA	B	0.12%
GEO	B	0.12%
BASE	C	0.12%
ACLS	F	0.12%
NYT	C	0.12%
BKE	B	0.12%
WH	B	0.12%
WEN	D	0.12%
NOV	C	0.12%
BSY	D	0.12%
WAFD	B	0.12%
FHI	A	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
PARA	C	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
LOVE	B	0.11%
CUBE	D	0.11%
MFA	D	0.11%
ACAD	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%
KW	B	0.1%
ASB	B	0.1%
CHDN	B	0.1%
HP	B	0.1%
ACA	A	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	A	0.1%
CRDO	B	0.1%
CRC	B	0.1%
NNN	D	0.1%
HUN	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
X	C	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
WAL	B	0.1%
KLIC	B	0.1%
BERY	B	0.1%
INSM	C	0.1%
WMS	D	0.1%
HIMS	B	0.1%
EEFT	B	0.09%
CXT	B	0.09%
MTSI	B	0.09%
WSC	D	0.09%
PHIN	A	0.09%
MRC	B	0.09%
MTN	C	0.09%
PCVX	D	0.09%
HEES	B	0.09%
ATEN	B	0.09%
APG	B	0.09%
LGND	B	0.09%
VERA	B	0.09%
LZ	D	0.09%
FLG	C	0.09%
PLNT	A	0.09%
EGP	F	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
OHI	C	0.09%
INVA	D	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	D	0.09%
SON	D	0.09%
CRS	A	0.09%
FIVN	C	0.08%
TENB	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%
OZK	B	0.08%
CAL	D	0.08%
ELAN	D	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	A	0.08%
PD	C	0.08%
YETI	C	0.08%
MASI	A	0.08%
WOR	F	0.08%
CACC	D	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	D	0.08%
CUZ	B	0.08%
KSS	F	0.08%
MIDD	C	0.08%
ALV	C	0.08%
CSWI	A	0.08%
CNMD	C	0.07%
AFRM	B	0.07%
CLH	B	0.07%
DH	D	0.07%
HASI	D	0.07%
AMRX	C	0.07%
PEN	B	0.07%
EYPT	F	0.07%
WYNN	D	0.07%
MATV	D	0.07%
RIG	D	0.07%
AMPH	D	0.07%
POR	C	0.07%
AMPL	C	0.07%
FLNC	C	0.07%
WLY	B	0.07%
EPAC	B	0.07%
NTB	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
ASH	D	0.07%
KNF	A	0.07%
TXRH	C	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
NXST	C	0.07%
NVST	B	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	D	0.06%
NXT	C	0.06%
ILPT	D	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
STWD	C	0.06%
CTBI	B	0.06%
BRBR	A	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
RDN	C	0.06%
CASY	A	0.06%
IRTC	D	0.06%
ADEA	D	0.06%
SFL	D	0.06%
APPF	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
UVV	B	0.06%
KD	B	0.06%
MED	F	0.06%
AVAV	D	0.05%
ITGR	B	0.05%
ACI	C	0.05%
CVBF	A	0.05%
SONO	C	0.05%
LBTYK	A	0.05%
EHC	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%
THR	B	0.05%
APLS	D	0.05%
LFUS	F	0.05%
ASAN	C	0.05%
WBA	F	0.05%
PK	B	0.05%
MDXG	B	0.05%
WGO	C	0.05%
LECO	B	0.05%
CENTA	C	0.05%
ARWR	F	0.04%
FCN	D	0.04%
MAN	D	0.04%
STAG	F	0.04%
DAWN	F	0.04%
CORZ	A	0.04%
PFSI	D	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
PRGO	B	0.04%
FLYW	C	0.04%
AGS	A	0.04%
IDT	B	0.04%
SANA	F	0.04%
TPB	B	0.04%
ANAB	F	0.04%
NATL	B	0.04%
RVMD	C	0.04%
KLG	C	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	C	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	B	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	A	0.03%
GMED	A	0.03%
ALHC	C	0.03%
VIAV	B	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
CHRD	D	0.03%
SUPN	C	0.03%
FL	F	0.03%
VNDA	C	0.03%
RGNX	F	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
CIEN	B	0.03%
VIRT	B	0.03%
QDEL	F	0.03%
REVG	B	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	B	0.03%
UDMY	F	0.03%
ARCH	B	0.03%
BRSP	B	0.03%
CDP	C	0.03%
MGNI	A	0.03%
AMN	F	0.03%
CGEM	F	0.03%
IVR	F	0.03%
RPD	C	0.03%
SPRY	D	0.03%
ATRC	C	0.03%
RKT	F	0.03%
UVE	B	0.03%
OI	C	0.03%
OLED	D	0.03%
BKD	D	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%
SLVM	B	0.02%
MSM	C	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	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%
RAMP	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%
EPR	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
FSS	B	0.02%
MTW	C	0.02%
DY	D	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	F	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	D	0.02%
CNDT	C	0.02%
OPEN	D	0.02%
WD	D	0.02%
AKRO	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
ARCB	C	0.02%
PDCO	D	0.02%
CWK	B	0.01%
ALGM	D	0.01%
VAL	D	0.01%
DINO	D	0.01%
PGEN	F	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	D	0.01%
SFIX	B	0.01%
FLWS	F	0.01%
TDC	D	0.01%
XPRO	F	0.01%
MBC	D	0.01%
BIGC	C	0.01%
MLAB	D	0.01%
GO	C	0.01%
JOBY	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
CRAI	B	0.01%
SWI	B	0.01%
MITK	C	0.01%
NTLA	F	0.01%
TR	B	0.01%
ROIV	C	0.01%
OIS	C	0.01%
RBRK	A	0.01%
HMST	D	0.01%
AXS	A	0.01%
STGW	B	0.01%
OLPX	D	0.01%
BSIG	A	0.01%
GEF	A	0.01%
GWRE	A	0.01%
PYCR	C	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	C	0.01%
BYD	C	0.01%
UPWK	B	0.01%
NFBK	B	0.01%
SHO	C	0.01%
MAGN	F	0.0%
BFH	B	0.0%
MC	C	0.0%
SEE	C	0.0%
GDOT	D	0.0%
JXN	C	0.0%
BOH	B	0.0%
TRMK	B	0.0%
PFBC	B	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%
OFG	B	0.0%

SMLF Underweight 274 Positions Relative to ISMD

Symbol	Grade	Weight
GSAT	C	-0.29%
FNA	C	-0.29%
ALGT	B	-0.28%
ANET	C	-0.28%
MYRG	B	-0.28%
ATSG	B	-0.27%
PAR	B	-0.27%
GTLS	B	-0.26%
PRIM	A	-0.26%
TRUP	B	-0.25%
IART	C	-0.25%
TTMI	B	-0.25%
LITE	B	-0.25%
WSBC	A	-0.24%
SASR	B	-0.24%
AMSF	B	-0.24%
UTI	A	-0.24%
TTI	C	-0.24%
CALM	A	-0.24%
AGIO	C	-0.24%
CMP	C	-0.24%
QTWO	A	-0.24%
PLYA	B	-0.24%
SMBK	B	-0.24%
AAON	B	-0.24%
GBCI	B	-0.24%
SUM	B	-0.24%
PB	A	-0.23%
MGEE	C	-0.23%
RDNT	B	-0.23%
FFBC	A	-0.23%
WABC	B	-0.23%
DAR	C	-0.23%
KMPR	B	-0.23%
BY	B	-0.23%
AWI	A	-0.23%
RBCAA	B	-0.23%
LAD	A	-0.23%
FRME	B	-0.23%
OPY	B	-0.23%
FNB	A	-0.23%
PEBO	A	-0.23%
KAR	B	-0.23%
CTLP	B	-0.23%
NWPX	A	-0.23%
JBT	B	-0.23%
HMN	B	-0.23%
HBNC	B	-0.23%
CBU	B	-0.23%
FBK	B	-0.23%
AIOT	B	-0.23%
KMT	B	-0.22%
NWBI	B	-0.22%
ROIC	A	-0.22%
PCRX	C	-0.22%
FSBC	B	-0.22%
NGVC	A	-0.22%
SXI	B	-0.22%
MCBS	B	-0.22%
TFSL	A	-0.22%
MGRC	B	-0.22%
LAUR	A	-0.22%
ABCB	B	-0.22%
HBI	B	-0.22%
ESE	B	-0.22%
CSGS	B	-0.22%
PLXS	B	-0.22%
PRA	C	-0.22%
VLY	B	-0.22%
MBWM	B	-0.22%
DAKT	B	-0.22%
PINC	B	-0.22%
LKFN	B	-0.22%
LOPE	B	-0.22%
UCB	A	-0.22%
GHC	C	-0.22%
RNST	B	-0.22%
CBZ	B	-0.22%
SFNC	B	-0.22%
CABO	C	-0.22%
UBSI	B	-0.22%
HOMB	A	-0.22%
DGII	B	-0.22%
G	B	-0.22%
CNK	B	-0.22%
CAC	B	-0.22%
MTX	B	-0.21%
GRC	A	-0.21%
GT	C	-0.21%
ABM	B	-0.21%
HLIO	B	-0.21%
OMCL	C	-0.21%
AKR	B	-0.21%
CRVL	A	-0.21%
DHIL	A	-0.21%
PNM	F	-0.21%
BHE	B	-0.21%
ACIW	B	-0.21%
TOWN	B	-0.21%
IBUY	A	-0.21%
ETNB	C	-0.21%
SBSI	B	-0.21%
SLRC	A	-0.21%
SEM	B	-0.21%
RSVR	A	-0.21%
HOPE	B	-0.21%
RYAM	C	-0.21%
ERII	D	-0.21%
FIBK	A	-0.21%
IBTX	B	-0.21%
WDFC	B	-0.21%
CCBG	B	-0.21%
HUBG	A	-0.21%
FCF	A	-0.21%
HTLD	B	-0.2%
ARQT	C	-0.2%
OEC	C	-0.2%
KWR	C	-0.2%
NEU	C	-0.2%
LZB	B	-0.2%
SRDX	B	-0.2%
LMNR	B	-0.2%
SMP	B	-0.2%
TRS	B	-0.2%
NHC	C	-0.2%
PUBM	C	-0.2%
PARR	D	-0.2%
ALE	A	-0.2%
ALEX	C	-0.2%
MNRO	D	-0.2%
STBA	B	-0.2%
AAT	B	-0.2%
ROCK	C	-0.2%
DMRC	C	-0.2%
EYE	C	-0.2%
LOB	B	-0.2%
VVV	F	-0.2%
DCO	C	-0.2%
FELE	B	-0.2%
AIR	B	-0.2%
CENT	C	-0.2%
FMNB	B	-0.2%
AHH	D	-0.2%
DRH	B	-0.2%
BUSE	B	-0.2%
SCSC	B	-0.2%
NEO	C	-0.2%
GNTX	C	-0.2%
SLGN	A	-0.2%
AXL	C	-0.2%
NPO	A	-0.2%
CPK	A	-0.2%
IRT	A	-0.2%
MMI	B	-0.2%
VYX	B	-0.2%
MSEX	B	-0.2%
ORA	B	-0.2%
CHCT	C	-0.2%
MATW	C	-0.2%
WERN	C	-0.2%
KNX	B	-0.2%
KE	C	-0.2%
CMCO	B	-0.2%
NXRT	B	-0.2%
CODI	B	-0.2%
SAFT	C	-0.2%
ECPG	B	-0.2%
SPR	D	-0.19%
SCWX	B	-0.19%
OLLI	D	-0.19%
PDFS	C	-0.19%
PLSE	C	-0.19%
CVGW	D	-0.19%
PLAB	C	-0.19%
ESRT	C	-0.19%
FUL	F	-0.19%
SXT	B	-0.19%
NMFC	D	-0.19%
FCPT	C	-0.19%
HTGC	D	-0.19%
CECO	A	-0.19%
NNI	D	-0.19%
ALRS	D	-0.19%
ANDE	D	-0.19%
SCL	C	-0.19%
COHU	C	-0.19%
UMH	C	-0.19%
FWRD	D	-0.19%
ASIX	A	-0.19%
SBRA	C	-0.19%
MTUS	C	-0.19%
CGNX	C	-0.19%
CCO	C	-0.19%
CTRE	D	-0.19%
INFN	C	-0.19%
CSTL	D	-0.19%
ACRE	C	-0.19%
ARI	C	-0.19%
UNF	B	-0.19%
MXL	C	-0.19%
IPGP	D	-0.19%
WRLD	C	-0.19%
LNN	B	-0.19%
PUMP	B	-0.19%
CDE	D	-0.18%
ATEX	D	-0.18%
ADUS	D	-0.18%
RES	D	-0.18%
WKC	D	-0.18%
PATK	D	-0.18%
ADV	D	-0.18%
ETD	C	-0.18%
GNK	D	-0.18%
MHO	D	-0.18%
THRM	D	-0.18%
RWT	D	-0.18%
NMIH	D	-0.18%
PTGX	C	-0.18%
PMT	D	-0.18%
SHEN	F	-0.18%
KBH	D	-0.18%
ROG	D	-0.18%
POST	C	-0.18%
ICUI	D	-0.18%
ELME	D	-0.18%
IRDM	D	-0.18%
UFPT	B	-0.18%
AMED	F	-0.18%
NVEE	F	-0.18%
BFS	C	-0.18%
JJSF	B	-0.18%
MYE	F	-0.17%
LSEA	D	-0.17%
CLNE	D	-0.17%
CYRX	F	-0.17%
ESNT	D	-0.17%
JBGS	D	-0.17%
NEOG	F	-0.17%
CLW	F	-0.17%
SKYT	D	-0.17%
MTH	D	-0.17%
LEA	D	-0.17%
LGIH	D	-0.17%
PHR	F	-0.16%
RVNC	F	-0.16%
GPRE	F	-0.16%
GERN	D	-0.16%
SPTN	D	-0.16%
CHPT	F	-0.16%
HLIT	D	-0.16%
HVT	D	-0.16%
FORM	D	-0.16%
HL	D	-0.16%
AMKR	D	-0.16%
PSEC	D	-0.16%
DIOD	D	-0.16%
GRPN	F	-0.16%
GRBK	D	-0.16%
HY	D	-0.16%
AEHR	F	-0.16%
BLBD	D	-0.15%
SCHL	D	-0.15%
FOXF	F	-0.15%
WOLF	F	-0.14%
SAGE	F	-0.14%
TDW	F	-0.14%
SGRY	F	-0.14%
ARDX	F	-0.14%
AMRC	F	-0.13%
COMM	D	-0.13%
DHC	F	-0.12%
VSAT	F	-0.12%
MYGN	F	-0.11%
AGL	F	-0.08%