SMLF vs. IVOO ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Vanguard S&P Mid-Cap 400 ETF (IVOO)

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

IVOO

Vanguard S&P Mid-Cap 400 ETF

IVOO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Index. The index measures the performance of mid-capitalization stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$108.97

Average Daily Volume

61,312

Number of Holdings ^*

393

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	IVOO
30 Days	3.58%	0.72%
60 Days	6.73%	3.84%
90 Days	9.95%	5.80%
12 Months	35.13%	28.24%

265 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in IVOO	Overlap
AA	A	0.13%	0.34%	0.13%
ACHC	F	0.04%	0.2%	0.04%
ACM	B	0.19%	0.47%	0.19%
AGCO	F	0.2%	0.21%	0.2%
AIT	B	0.12%	0.29%	0.12%
ALGM	F	0.01%	0.12%	0.01%
ALV	C	0.08%	0.23%	0.08%
AM	A	0.37%	0.17%	0.17%
AMG	C	0.23%	0.18%	0.18%
AMH	C	0.25%	0.41%	0.25%
AN	D	0.24%	0.16%	0.16%
ANF	C	0.3%	0.24%	0.24%
APPF	C	0.06%	0.18%	0.06%
AR	B	0.21%	0.28%	0.21%
ARW	F	0.18%	0.24%	0.18%
ARWR	D	0.04%	0.08%	0.04%
ASB	B	0.1%	0.11%	0.1%
ASGN	F	0.01%	0.14%	0.01%
ASH	F	0.07%	0.14%	0.07%
AVNT	B	0.18%	0.16%	0.16%
AXTA	B	0.03%	0.27%	0.03%
AYI	B	0.35%	0.29%	0.29%
BC	D	0.09%	0.19%	0.09%
BCO	F	0.06%	0.17%	0.06%
BDC	B	0.08%	0.16%	0.08%
BERY	D	0.1%	0.26%	0.1%
BJ	B	0.16%	0.37%	0.16%
BKH	A	0.01%	0.15%	0.01%
BLD	F	0.21%	0.41%	0.21%
BLKB	B	0.13%	0.12%	0.12%
BRBR	A	0.06%	0.27%	0.06%
BRKR	F	0.14%	0.26%	0.14%
BRX	A	0.37%	0.29%	0.29%
BWXT	A	0.13%	0.34%	0.13%
BYD	B	0.01%	0.15%	0.01%
CACI	C	0.02%	0.38%	0.02%
CAR	C	0.09%	0.05%	0.05%
CASY	A	0.06%	0.47%	0.06%
CBSH	A	0.24%	0.24%	0.24%
CBT	C	0.12%	0.21%	0.12%
CC	D	0.06%	0.1%	0.06%
CDP	C	0.03%	0.12%	0.03%
CELH	F	0.04%	0.17%	0.04%
CFR	B	0.25%	0.24%	0.24%
CHDN	C	0.1%	0.34%	0.1%
CHE	F	0.3%	0.31%	0.3%
CHRD	F	0.03%	0.27%	0.03%
CHX	C	0.11%	0.19%	0.11%
CIEN	B	0.03%	0.3%	0.03%
CLH	C	0.07%	0.42%	0.07%
CMC	B	0.14%	0.21%	0.14%
CNM	C	0.36%	0.29%	0.29%
CNO	B	0.16%	0.13%	0.13%
CNX	A	0.06%	0.17%	0.06%
COKE	C	0.22%	0.26%	0.22%
COTY	F	0.06%	0.12%	0.06%
CR	A	0.35%	0.26%	0.26%
CROX	F	0.19%	0.29%	0.19%
CRUS	F	0.11%	0.23%	0.11%
CSL	C	0.41%	0.7%	0.41%
CUBE	C	0.11%	0.41%	0.11%
CUZ	B	0.08%	0.15%	0.08%
CVLT	B	0.08%	0.23%	0.08%
CW	B	0.23%	0.43%	0.23%
CXT	C	0.09%	0.09%	0.09%
CYTK	D	0.11%	0.21%	0.11%
DCI	B	0.18%	0.3%	0.18%
DINO	D	0.01%	0.25%	0.01%
DKS	D	0.38%	0.41%	0.38%
DOCS	C	0.15%	0.19%	0.15%
DTM	A	0.2%	0.26%	0.2%
DUOL	A	0.44%	0.36%	0.36%
EEFT	C	0.09%	0.14%	0.09%
EGP	D	0.09%	0.31%	0.09%
EHC	B	0.05%	0.33%	0.05%
ELF	C	0.2%	0.21%	0.2%
EME	A	0.94%	0.68%	0.68%
ENS	D	0.04%	0.14%	0.04%
ENSG	D	0.14%	0.28%	0.14%
EPR	D	0.02%	0.13%	0.02%
ESAB	C	0.18%	0.21%	0.18%
EVR	B	0.81%	0.31%	0.31%
EWBC	A	0.39%	0.39%	0.39%
EXEL	B	0.24%	0.25%	0.24%
EXLS	B	0.23%	0.21%	0.21%
EXPO	D	0.09%	0.2%	0.09%
FAF	C	0.16%	0.23%	0.16%
FCN	F	0.04%	0.27%	0.04%
FFIN	B	0.05%	0.16%	0.05%
FHI	B	0.11%	0.1%	0.1%
FHN	A	0.04%	0.28%	0.04%
FIX	A	0.44%	0.47%	0.44%
FLO	D	0.06%	0.15%	0.06%
FLR	B	0.08%	0.28%	0.08%
FN	B	0.06%	0.29%	0.06%
FR	C	0.31%	0.25%	0.25%
FYBR	C	0.13%	0.27%	0.13%
GAP	D	0.23%	0.17%	0.17%
GATX	B	0.15%	0.16%	0.15%
GEF	B	0.01%	0.06%	0.01%
GGG	B	0.3%	0.5%	0.3%
GLPI	C	0.18%	0.48%	0.18%
GME	C	0.16%	0.3%	0.16%
GMED	A	0.03%	0.27%	0.03%
GPK	D	0.26%	0.3%	0.26%
HAE	C	0.2%	0.14%	0.14%
HALO	F	0.24%	0.25%	0.24%
HLI	B	0.18%	0.29%	0.18%
HOG	F	0.15%	0.16%	0.15%
HQY	A	0.01%	0.24%	0.01%
HRB	D	0.4%	0.3%	0.3%
HWC	B	0.08%	0.15%	0.08%
HXL	F	0.01%	0.17%	0.01%
IBKR	A	0.45%	0.52%	0.45%
IBOC	B	0.11%	0.11%	0.11%
IDA	A	0.46%	0.19%	0.19%
ITT	A	0.31%	0.42%	0.31%
JEF	A	0.4%	0.34%	0.34%
JHG	B	0.31%	0.16%	0.16%
KBR	F	0.12%	0.29%	0.12%
KD	A	0.06%	0.18%	0.06%
KNF	B	0.07%	0.17%	0.07%
KNSL	B	0.18%	0.35%	0.18%
KRC	C	0.12%	0.14%	0.12%
KRG	A	0.17%	0.2%	0.17%
LAMR	D	0.33%	0.4%	0.33%
LANC	D	0.02%	0.12%	0.02%
LECO	C	0.05%	0.37%	0.05%
LFUS	D	0.05%	0.22%	0.05%
LIVN	D	0.2%	0.1%	0.1%
LNTH	F	0.17%	0.26%	0.17%
LNW	F	0.17%	0.27%	0.17%
LPX	B	0.41%	0.23%	0.23%
LSCC	D	0.23%	0.25%	0.23%
LSTR	D	0.1%	0.23%	0.1%
M	D	0.19%	0.15%	0.15%
MAN	F	0.04%	0.12%	0.04%
MANH	D	0.5%	0.59%	0.5%
MASI	B	0.08%	0.2%	0.08%
MAT	D	0.12%	0.22%	0.12%
MDU	D	0.04%	0.19%	0.04%
MEDP	D	0.38%	0.29%	0.29%
MIDD	D	0.08%	0.25%	0.08%
MKSI	C	0.08%	0.25%	0.08%
MMS	D	0.04%	0.19%	0.04%
MSA	D	0.02%	0.24%	0.02%
MSM	D	0.02%	0.13%	0.02%
MTG	D	0.09%	0.23%	0.09%
MTN	C	0.09%	0.22%	0.09%
MTSI	B	0.09%	0.22%	0.09%
MUR	F	0.19%	0.16%	0.16%
NFG	A	0.13%	0.19%	0.13%
NJR	A	0.14%	0.16%	0.14%
NNN	C	0.1%	0.3%	0.1%
NOV	D	0.12%	0.21%	0.12%
NOVT	D	0.14%	0.22%	0.14%
NSP	F	0.11%	0.11%	0.11%
NVST	C	0.06%	0.12%	0.06%
NVT	C	0.49%	0.4%	0.4%
NXST	C	0.07%	0.17%	0.07%
NYT	D	0.12%	0.31%	0.12%
OC	A	0.18%	0.52%	0.18%
OGE	A	0.12%	0.28%	0.12%
OGS	A	0.13%	0.14%	0.13%
OHI	B	0.09%	0.36%	0.09%
OLED	F	0.03%	0.31%	0.03%
OLN	F	0.09%	0.19%	0.09%
ONTO	F	0.15%	0.35%	0.15%
OPCH	F	0.08%	0.18%	0.08%
ORI	A	0.41%	0.29%	0.29%
OVV	C	0.25%	0.34%	0.25%
OZK	B	0.08%	0.15%	0.08%
PBF	D	0.02%	0.11%	0.02%
PCH	D	0.01%	0.11%	0.01%
PCTY	B	0.14%	0.24%	0.14%
PEN	B	0.07%	0.26%	0.07%
PII	F	0.01%	0.15%	0.01%
PK	D	0.05%	0.1%	0.05%
PLNT	A	0.09%	0.23%	0.09%
PNFP	B	0.1%	0.25%	0.1%
POR	C	0.07%	0.17%	0.07%
POWI	D	0.01%	0.12%	0.01%
PR	B	0.02%	0.29%	0.02%
PRGO	C	0.04%	0.12%	0.04%
PRI	A	0.28%	0.3%	0.28%
PSTG	F	0.29%	0.53%	0.29%
PVH	C	0.17%	0.19%	0.17%
QLYS	C	0.13%	0.16%	0.13%
R	B	0.28%	0.21%	0.21%
RGEN	F	0.08%	0.26%	0.08%
RGLD	C	0.14%	0.31%	0.14%
RLI	A	0.03%	0.22%	0.03%
RMBS	C	0.24%	0.15%	0.15%
RNR	C	0.21%	0.48%	0.21%
ROIV	D	0.01%	0.17%	0.01%
RPM	B	0.22%	0.53%	0.22%
RRC	B	0.19%	0.25%	0.19%
RRX	B	0.2%	0.38%	0.2%
RS	B	0.49%	0.54%	0.49%
RYAN	B	0.13%	0.23%	0.13%
RYN	D	0.06%	0.15%	0.06%
SAIA	C	0.12%	0.4%	0.12%
SCI	A	0.14%	0.39%	0.14%
SF	B	0.17%	0.33%	0.17%
SFM	A	0.6%	0.38%	0.38%
SLAB	F	0.03%	0.13%	0.03%
SLM	B	0.16%	0.17%	0.16%
SMG	C	0.19%	0.13%	0.13%
SNV	B	0.05%	0.22%	0.05%
SON	F	0.09%	0.18%	0.09%
SR	A	0.12%	0.13%	0.12%
SRPT	F	0.2%	0.4%	0.2%
SSB	B	0.02%	0.25%	0.02%
SSD	D	0.14%	0.27%	0.14%
STAG	D	0.04%	0.24%	0.04%
STWD	C	0.06%	0.22%	0.06%
SWX	A	0.01%	0.15%	0.01%
SYNA	D	0.1%	0.1%	0.1%
TCBI	B	0.03%	0.11%	0.03%
TDC	D	0.01%	0.1%	0.01%
TEX	D	0.19%	0.12%	0.12%
THC	C	0.31%	0.54%	0.31%
THO	C	0.13%	0.2%	0.13%
TKR	F	0.17%	0.18%	0.17%
TMHC	B	0.09%	0.25%	0.09%
TNL	B	0.16%	0.11%	0.11%
TOL	B	0.16%	0.54%	0.16%
TPX	B	0.24%	0.32%	0.24%
TREX	D	0.24%	0.25%	0.24%
TTC	F	0.14%	0.31%	0.14%
TTEK	F	0.29%	0.43%	0.29%
TXRH	B	0.07%	0.4%	0.07%
UA	C	0.14%	0.04%	0.04%
UFPI	C	0.23%	0.27%	0.23%
UGI	C	0.1%	0.18%	0.1%
UMBF	B	0.14%	0.16%	0.14%
UNM	A	0.0%	0.35%	0.0%
USFD	A	0.18%	0.51%	0.18%
UTHR	C	0.38%	0.54%	0.38%
VAC	C	0.07%	0.08%	0.07%
VAL	F	0.01%	0.13%	0.01%
VC	F	0.08%	0.09%	0.08%
VMI	B	0.15%	0.2%	0.15%
VNO	C	0.41%	0.22%	0.22%
VNT	C	0.05%	0.18%	0.05%
VOYA	B	0.17%	0.26%	0.17%
VSH	F	0.09%	0.07%	0.07%
WAL	B	0.1%	0.32%	0.1%
WBS	A	0.05%	0.27%	0.05%
WCC	B	0.2%	0.26%	0.2%
WEN	C	0.12%	0.1%	0.1%
WEX	F	0.09%	0.29%	0.09%
WFRD	F	0.35%	0.21%	0.21%
WH	B	0.12%	0.21%	0.12%
WING	D	0.36%	0.41%	0.36%
WMS	F	0.1%	0.38%	0.1%
WSM	D	0.42%	0.68%	0.42%
WSO	A	0.31%	0.58%	0.31%
WTFC	B	0.02%	0.25%	0.02%
WTS	B	0.12%	0.19%	0.12%
X	C	0.1%	0.27%	0.1%
XPO	B	0.17%	0.43%	0.17%
XRAY	D	0.2%	0.19%	0.19%
YETI	D	0.08%	0.12%	0.08%
ZION	B	0.24%	0.24%	0.24%

SMLF Overweight 545 Positions Relative to IVOO

Symbol	Grade	Weight
APP	A	1.49%
MSTR	A	0.73%
DECK	A	0.72%
AXON	A	0.66%
ALSN	B	0.56%
NTNX	B	0.56%
JBL	C	0.55%
BPOP	C	0.53%
SLG	B	0.49%
MLI	B	0.49%
CVNA	A	0.46%
COCO	A	0.43%
PCOR	C	0.42%
COOP	B	0.41%
IOT	A	0.41%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
POWL	C	0.38%
PIPR	B	0.34%
CAVA	C	0.34%
WK	C	0.34%
HSII	B	0.31%
FLEX	B	0.31%
SOLV	F	0.31%
MAC	A	0.31%
DDS	B	0.31%
TPR	B	0.3%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	C	0.3%
EXE	A	0.29%
STRL	A	0.29%
AGO	A	0.27%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
SIG	C	0.26%
MOD	A	0.25%
HURN	B	0.25%
CPRX	C	0.24%
SKT	A	0.24%
IMKTA	C	0.24%
ENTG	F	0.23%
YOU	D	0.23%
BCC	C	0.22%
SANM	B	0.22%
GPI	B	0.22%
APA	F	0.22%
WS	B	0.22%
AXSM	B	0.22%
MATX	B	0.21%
TOST	A	0.21%
AZPN	A	0.21%
ETSY	D	0.2%
RDDT	A	0.2%
ATKR	D	0.2%
DNLI	C	0.2%
BBWI	C	0.2%
TPG	A	0.2%
LUMN	C	0.2%
RNG	C	0.19%
JOE	F	0.19%
NAVI	F	0.19%
GH	B	0.19%
HAS	D	0.19%
PRGS	B	0.18%
XRX	F	0.18%
TDOC	D	0.18%
NDSN	D	0.18%
VCYT	B	0.18%
HIW	D	0.18%
FROG	C	0.18%
MMYT	B	0.17%
ACLX	C	0.17%
BRC	C	0.17%
PDM	D	0.17%
PRG	C	0.17%
RHI	C	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	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%
WTM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
AGNC	C	0.16%
OMF	A	0.16%
PGRE	D	0.16%
KFRC	D	0.16%
LBTYA	F	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
ONON	B	0.15%
XNCR	B	0.15%
GES	F	0.15%
RL	C	0.15%
W	D	0.15%
FTAI	A	0.15%
SPB	C	0.15%
ABG	B	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	B	0.15%
AMR	C	0.14%
ATI	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
IONS	F	0.14%
PI	D	0.14%
YEXT	B	0.14%
AY	A	0.14%
SPT	C	0.14%
TPH	D	0.14%
VMEO	C	0.13%
BPMC	C	0.13%
IPAR	C	0.13%
TNET	F	0.13%
ACCO	B	0.13%
BRZE	C	0.13%
GOLF	B	0.13%
KAI	B	0.13%
BDN	C	0.13%
SFBS	B	0.13%
NUVL	D	0.13%
INSP	F	0.12%
AROC	A	0.12%
AWR	A	0.12%
GEO	A	0.12%
BASE	C	0.12%
SATS	C	0.12%
ACLS	F	0.12%
GFF	B	0.12%
BKE	B	0.12%
BSY	D	0.12%
WAFD	B	0.12%
NTCT	C	0.11%
TXNM	A	0.11%
LAZ	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%
MFA	D	0.11%
ACAD	C	0.11%
HTH	B	0.11%
CARG	B	0.11%
SPSC	F	0.11%
BAND	D	0.11%
ODP	F	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
MDGL	C	0.11%
BCRX	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
IVZ	C	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	F	0.1%
AGM	B	0.1%
KLIC	C	0.1%
INSM	C	0.1%
VRNS	D	0.1%
HIMS	C	0.1%
WSC	F	0.09%
PHIN	B	0.09%
JACK	D	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%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
INVA	C	0.09%
COUR	F	0.09%
UPBD	C	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
CUBI	C	0.09%
CRS	A	0.09%
FIVN	C	0.08%
TENB	D	0.08%
LILA	F	0.08%
VIR	F	0.08%
PEGA	B	0.08%
CAL	F	0.08%
ELAN	D	0.08%
SCS	B	0.08%
OSCR	C	0.08%
FHB	B	0.08%
PD	C	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
CACC	F	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	F	0.08%
AGX	B	0.08%
KSS	F	0.08%
CARS	C	0.08%
CSWI	A	0.08%
CNMD	C	0.07%
AFRM	A	0.07%
UNIT	B	0.07%
EQC	A	0.07%
DH	F	0.07%
HASI	F	0.07%
AMRX	C	0.07%
EYPT	D	0.07%
WYNN	D	0.07%
MATV	F	0.07%
RIG	D	0.07%
AMPH	F	0.07%
LXP	D	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%
PLUS	F	0.07%
SM	C	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
WNC	D	0.07%
AVXL	C	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	B	0.06%
S	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%
TRN	A	0.06%
MCY	B	0.06%
CTBI	B	0.06%
MPW	F	0.06%
ITCI	B	0.06%
VKTX	F	0.06%
RUSHA	B	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
RDN	D	0.06%
WTTR	A	0.06%
IRTC	C	0.06%
ADEA	C	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	C	0.06%
AZEK	B	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
MED	F	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
ACI	C	0.05%
CVBF	B	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
TILE	B	0.05%
BEAM	C	0.05%
SITE	D	0.05%
CERS	D	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	D	0.05%
TARS	C	0.05%
SMTC	C	0.05%
ZIP	D	0.05%
THR	B	0.05%
APLS	F	0.05%
ASAN	C	0.05%
WBA	F	0.05%
MDXG	A	0.05%
WGO	D	0.05%
CENTA	C	0.05%
HPP	F	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
SANA	F	0.04%
TPB	A	0.04%
SAH	B	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	B	0.04%
KLG	D	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%
IBP	F	0.04%
NHI	D	0.04%
HSTM	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%
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%
LTH	C	0.03%
SUPN	B	0.03%
FL	F	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%
VIRT	A	0.03%
QDEL	F	0.03%
REVG	B	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	A	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
BRSP	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%
RPD	C	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RKT	F	0.03%
UVE	A	0.03%
NRC	F	0.03%
OI	D	0.03%
BKD	F	0.03%
CVI	D	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SLVM	C	0.02%
OSIS	A	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%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DAN	F	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
NUS	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
MTW	C	0.02%
DY	C	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	D	0.02%
RLJ	C	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%
GIII	D	0.02%
USNA	C	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	F	0.01%
JAMF	F	0.01%
EPC	F	0.01%
SFIX	B	0.01%
FLWS	F	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%
CRAI	B	0.01%
SWI	B	0.01%
MITK	D	0.01%
NTLA	F	0.01%
VRE	A	0.01%
TR	B	0.01%
TTGT	B	0.01%
HCAT	C	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	C	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
CAKE	B	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	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%
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%
TBBK	B	0.0%
FBP	B	0.0%
PRDO	B	0.0%
BKU	A	0.0%
CMA	B	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 128 Positions Relative to IVOO

Symbol	Grade	Weight
ILMN	C	-0.71%
LII	A	-0.66%
AVTR	F	-0.6%
BURL	A	-0.57%
TPL	A	-0.57%
FNF	A	-0.55%
DT	C	-0.54%
RBA	A	-0.5%
RGA	B	-0.49%
EQH	B	-0.46%
COHR	B	-0.46%
WPC	C	-0.46%
FND	F	-0.45%
ELS	B	-0.45%
BMRN	F	-0.45%
JLL	D	-0.44%
PFGC	B	-0.41%
NBIX	C	-0.4%
CCK	D	-0.39%
FBIN	F	-0.38%
REXR	F	-0.37%
ATR	B	-0.36%
ARMK	C	-0.35%
WWD	B	-0.35%
EXP	B	-0.33%
WTRG	B	-0.33%
AFG	A	-0.33%
CNH	C	-0.33%
ALLY	C	-0.33%
CG	B	-0.31%
SNX	D	-0.31%
MUSA	B	-0.31%
RBC	A	-0.3%
KNX	B	-0.3%
SKX	F	-0.3%
INGR	B	-0.3%
LAD	B	-0.29%
MORN	B	-0.29%
TKO	A	-0.28%
SWN	C	-0.27%
ADC	A	-0.26%
MTZ	A	-0.26%
AAON	B	-0.25%
AAL	B	-0.25%
CGNX	D	-0.24%
KEX	B	-0.24%
SAIC	F	-0.24%
FLS	A	-0.23%
HLNE	A	-0.23%
SEIC	B	-0.23%
ESNT	D	-0.23%
GNTX	F	-0.23%
H	B	-0.23%
PB	A	-0.23%
JAZZ	C	-0.23%
BIO	C	-0.22%
G	B	-0.22%
OSK	C	-0.22%
LEA	F	-0.21%
KBH	D	-0.21%
GXO	B	-0.21%
MTDR	C	-0.2%
CADE	B	-0.2%
WHR	B	-0.2%
DAR	B	-0.2%
ONB	B	-0.2%
OLLI	D	-0.2%
CLF	F	-0.2%
DBX	C	-0.2%
COLB	B	-0.19%
POST	C	-0.19%
SRCL	B	-0.19%
ALTR	B	-0.19%
SIGI	B	-0.19%
GBCI	B	-0.18%
GTLS	A	-0.18%
THG	A	-0.18%
VVV	D	-0.18%
ST	F	-0.18%
FIVE	F	-0.17%
CPRI	F	-0.17%
RH	D	-0.17%
WLK	F	-0.17%
UBSI	B	-0.17%
HOMB	A	-0.17%
FNB	B	-0.17%
DLB	F	-0.16%
IRT	A	-0.16%
CIVI	D	-0.16%
AVT	C	-0.16%
PSN	C	-0.16%
SLGN	A	-0.15%
LITE	B	-0.15%
SBRA	B	-0.15%
WMG	C	-0.15%
WU	F	-0.14%
LOPE	B	-0.14%
ORA	B	-0.14%
NEU	D	-0.14%
ALE	A	-0.13%
KMPR	A	-0.13%
VLY	B	-0.13%
PNM	B	-0.13%
AMKR	F	-0.12%
NWE	C	-0.12%
IRDM	F	-0.12%
AMED	F	-0.11%
NEOG	D	-0.11%
NSA	C	-0.11%
GHC	B	-0.1%
CHH	A	-0.1%
ZI	D	-0.1%
PAG	B	-0.1%
GT	C	-0.09%
SAM	C	-0.09%
SHC	F	-0.09%
COLM	B	-0.09%
BHF	C	-0.09%
RCM	A	-0.08%
HGV	C	-0.08%
CRI	F	-0.08%
AZTA	F	-0.08%
ENOV	C	-0.08%
CNXC	F	-0.08%
IPGP	D	-0.07%
JWN	C	-0.07%
UAA	C	-0.06%
PPC	B	-0.06%