SMLF vs. JPSE ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

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

$65.79

Average Daily Volume

77,471

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$47.59

Average Daily Volume

36,704

Number of Holdings ^*

531

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	JPSE
30 Days	1.31%	0.87%
60 Days	6.97%	5.16%
90 Days	8.42%	9.82%
12 Months	30.08%	24.98%

248 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in JPSE	Overlap
ABG	D	0.15%	0.12%	0.12%
ACA	C	0.09%	0.32%	0.09%
ACCO	C	0.12%	0.11%	0.11%
ACLS	F	0.17%	0.13%	0.13%
ACLX	C	0.15%	0.31%	0.15%
AEIS	D	0.01%	0.26%	0.01%
AEO	C	0.06%	0.2%	0.06%
AGM	F	0.09%	0.08%	0.08%
AGYS	D	0.04%	0.3%	0.04%
AIN	D	0.01%	0.13%	0.01%
AIT	A	0.11%	0.34%	0.11%
AIV	C	0.07%	0.03%	0.03%
ALKS	C	0.3%	0.18%	0.18%
ALRM	F	0.03%	0.12%	0.03%
AMPH	C	0.08%	0.24%	0.08%
AMR	F	0.15%	0.21%	0.15%
ANF	D	0.32%	0.05%	0.05%
APOG	B	0.1%	0.2%	0.1%
ARCB	D	0.03%	0.22%	0.03%
ARCH	D	0.03%	0.2%	0.03%
ARCT	D	0.02%	0.1%	0.02%
AROC	C	0.11%	0.31%	0.11%
ASGN	D	0.01%	0.17%	0.01%
ASO	D	0.08%	0.24%	0.08%
ATEN	C	0.08%	0.15%	0.08%
ATKR	F	0.2%	0.17%	0.17%
AVNT	B	0.19%	0.31%	0.19%
AWR	B	0.12%	0.2%	0.12%
AX	D	0.0%	0.23%	0.0%
BANF	D	0.12%	0.03%	0.03%
BCC	B	0.23%	0.33%	0.23%
BCPC	C	0.05%	0.3%	0.05%
BDC	B	0.09%	0.22%	0.09%
BDN	A	0.0%	0.22%	0.0%
BKE	C	0.12%	0.3%	0.12%
BKH	B	0.01%	0.29%	0.01%
BLKB	C	0.13%	0.1%	0.1%
BLMN	F	0.07%	0.14%	0.07%
BMI	A	0.16%	0.33%	0.16%
BRY	F	0.02%	0.08%	0.02%
BSIG	C	0.01%	0.06%	0.01%
CAL	F	0.09%	0.03%	0.03%
CALX	C	0.03%	0.18%	0.03%
CARG	C	0.1%	0.22%	0.1%
CARS	F	0.08%	0.05%	0.05%
CASH	D	0.0%	0.08%	0.0%
CBT	B	0.13%	0.32%	0.13%
CEIX	B	0.07%	0.25%	0.07%
CENTA	F	0.06%	0.16%	0.06%
CHCO	D	0.0%	0.06%	0.0%
CHX	F	0.12%	0.23%	0.12%
CMC	C	0.14%	0.31%	0.14%
CNMD	D	0.07%	0.16%	0.07%
CNO	C	0.15%	0.3%	0.15%
CNS	C	0.03%	0.08%	0.03%
CNX	A	0.05%	0.34%	0.05%
COOP	C	0.4%	0.3%	0.3%
CORT	B	0.25%	0.36%	0.25%
CPRX	C	0.22%	0.3%	0.22%
CRAI	B	0.01%	0.22%	0.01%
CRC	B	0.09%	0.19%	0.09%
CRS	B	0.09%	0.34%	0.09%
CSWI	B	0.08%	0.29%	0.08%
CTBI	D	0.05%	0.05%	0.05%
CVI	F	0.04%	0.14%	0.04%
CVLT	C	0.07%	0.28%	0.07%
CWK	C	0.01%	0.07%	0.01%
CXW	F	0.07%	0.24%	0.07%
DEI	A	0.0%	0.25%	0.0%
DFIN	D	0.12%	0.08%	0.08%
DNOW	F	0.09%	0.15%	0.09%
DVAX	D	0.08%	0.18%	0.08%
EIG	B	0.07%	0.16%	0.07%
ENR	B	0.01%	0.25%	0.01%
ENS	C	0.04%	0.13%	0.04%
ENSG	D	0.14%	0.3%	0.14%
ENVA	C	0.01%	0.31%	0.01%
EPC	F	0.01%	0.26%	0.01%
EQC	D	0.07%	0.19%	0.07%
EVTC	D	0.03%	0.12%	0.03%
EXPI	C	0.11%	0.13%	0.11%
EXPO	B	0.11%	0.13%	0.11%
EXTR	D	0.17%	0.25%	0.17%
FBP	D	0.21%	0.16%	0.16%
FN	C	0.06%	0.31%	0.06%
FSS	B	0.02%	0.27%	0.02%
FULT	D	0.0%	0.15%	0.0%
GATX	D	0.13%	0.24%	0.13%
GEF	C	0.01%	0.17%	0.01%
GEO	F	0.06%	0.27%	0.06%
GFF	B	0.12%	0.18%	0.12%
GIII	C	0.03%	0.08%	0.03%
GMS	D	0.08%	0.25%	0.08%
GNW	C	0.0%	0.19%	0.0%
GPI	C	0.21%	0.31%	0.21%
HAE	D	0.19%	0.19%	0.19%
HAIN	C	0.02%	0.11%	0.02%
HASI	C	0.09%	0.25%	0.09%
HCC	D	0.06%	0.27%	0.06%
HE	F	0.07%	0.19%	0.07%
HI	F	0.08%	0.05%	0.05%
HLF	F	0.04%	0.19%	0.04%
HNI	B	0.03%	0.25%	0.03%
HOV	C	0.13%	0.14%	0.13%
HPP	F	0.0%	0.01%	0.0%
HQY	B	0.01%	0.23%	0.01%
HSII	B	0.26%	0.07%	0.07%
HTH	D	0.11%	0.13%	0.11%
HWC	D	0.07%	0.16%	0.07%
HWKN	A	0.06%	0.19%	0.06%
IBOC	D	0.09%	0.17%	0.09%
IBP	C	0.05%	0.3%	0.05%
IDCC	A	0.07%	0.3%	0.07%
IDT	C	0.03%	0.31%	0.03%
IGT	F	0.16%	0.13%	0.13%
IMKTA	F	0.26%	0.2%	0.2%
INVA	B	0.1%	0.28%	0.1%
IOSP	F	0.04%	0.26%	0.04%
IPAR	D	0.13%	0.12%	0.12%
IRWD	F	0.02%	0.03%	0.02%
ITGR	C	0.05%	0.28%	0.05%
IVT	B	0.15%	0.12%	0.12%
JBSS	F	0.21%	0.2%	0.2%
JOE	D	0.23%	0.3%	0.23%
JXN	B	0.0%	0.32%	0.0%
KALU	D	0.01%	0.2%	0.01%
KFY	C	0.02%	0.16%	0.02%
KLG	D	0.04%	0.18%	0.04%
KLIC	D	0.11%	0.22%	0.11%
KRG	C	0.17%	0.3%	0.17%
LADR	D	0.06%	0.18%	0.06%
LANC	F	0.02%	0.23%	0.02%
LGND	D	0.08%	0.27%	0.08%
LNTH	C	0.24%	0.32%	0.24%
LPG	F	0.05%	0.22%	0.05%
LUMN	C	0.18%	0.36%	0.18%
LXP	D	0.08%	0.21%	0.08%
MAC	B	0.31%	0.31%	0.31%
MATV	D	0.1%	0.2%	0.1%
MATX	B	0.19%	0.32%	0.19%
MC	C	0.0%	0.3%	0.0%
MED	F	0.07%	0.17%	0.07%
MITK	F	0.01%	0.04%	0.01%
MLI	B	0.41%	0.32%	0.32%
MMS	A	0.05%	0.29%	0.05%
MMSI	C	0.14%	0.3%	0.14%
MOG.A	B	0.03%	0.13%	0.03%
MRC	D	0.08%	0.1%	0.08%
MTRN	F	0.1%	0.25%	0.1%
MUR	F	0.2%	0.2%	0.2%
NAVI	D	0.2%	0.17%	0.17%
NBTB	D	0.0%	0.16%	0.0%
NGVT	D	0.01%	0.21%	0.01%
NHI	C	0.05%	0.29%	0.05%
NJR	C	0.15%	0.29%	0.15%
NOVT	D	0.15%	0.3%	0.15%
NSIT	C	0.09%	0.3%	0.09%
NSP	F	0.14%	0.13%	0.13%
NTB	D	0.07%	0.23%	0.07%
NTCT	C	0.11%	0.16%	0.11%
NUS	F	0.02%	0.08%	0.02%
NWN	B	0.01%	0.25%	0.01%
NX	F	0.03%	0.04%	0.03%
ODP	F	0.14%	0.01%	0.01%
OFG	D	0.29%	0.24%	0.24%
OGS	A	0.14%	0.31%	0.14%
OMI	F	0.06%	0.12%	0.06%
OPCH	D	0.11%	0.27%	0.11%
OSUR	F	0.02%	0.1%	0.02%
OTTR	F	0.07%	0.27%	0.07%
OUT	C	0.04%	0.17%	0.04%
OXM	F	0.07%	0.11%	0.07%
PBF	F	0.02%	0.18%	0.02%
PBH	D	0.08%	0.28%	0.08%
PCH	C	0.01%	0.27%	0.01%
PDCO	F	0.03%	0.04%	0.03%
PDM	C	0.18%	0.27%	0.18%
PEB	D	0.01%	0.18%	0.01%
PFSI	C	0.05%	0.3%	0.05%
PGRE	D	0.17%	0.1%	0.1%
PHIN	D	0.08%	0.09%	0.08%
PI	B	0.17%	0.25%	0.17%
PLUS	C	0.09%	0.26%	0.09%
POR	B	0.07%	0.29%	0.07%
POWI	F	0.01%	0.2%	0.01%
PRDO	D	0.0%	0.29%	0.0%
PRG	C	0.18%	0.13%	0.13%
PRGS	B	0.18%	0.25%	0.18%
PTEN	F	0.11%	0.14%	0.11%
QLYS	F	0.12%	0.19%	0.12%
RDFN	C	0.04%	0.22%	0.04%
RDN	D	0.0%	0.29%	0.0%
RHP	C	0.01%	0.29%	0.01%
RLJ	D	0.02%	0.23%	0.02%
RMBS	F	0.2%	0.16%	0.16%
RYI	F	0.03%	0.2%	0.03%
SANM	D	0.2%	0.22%	0.2%
SATS	C	0.16%	0.33%	0.16%
SCS	D	0.08%	0.2%	0.08%
SFM	A	0.48%	0.32%	0.32%
SHO	D	0.02%	0.27%	0.02%
SIG	C	0.28%	0.33%	0.28%
SKT	A	0.23%	0.29%	0.23%
SLG	C	0.46%	0.3%	0.3%
SLVM	C	0.02%	0.32%	0.02%
SM	F	0.07%	0.27%	0.07%
SNEX	C	0.07%	0.09%	0.07%
SPSC	D	0.13%	0.3%	0.13%
SR	A	0.12%	0.29%	0.12%
SRCE	D	0.14%	0.07%	0.07%
SSTK	F	0.13%	0.12%	0.12%
STRL	C	0.24%	0.38%	0.24%
SUPN	D	0.02%	0.2%	0.02%
SVC	F	0.04%	0.1%	0.04%
SWI	C	0.01%	0.06%	0.01%
SWX	C	0.01%	0.25%	0.01%
SYNA	F	0.11%	0.05%	0.05%
TDS	B	0.04%	0.28%	0.04%
TGNA	B	0.08%	0.28%	0.08%
TILE	B	0.04%	0.23%	0.04%
TMHC	B	0.1%	0.32%	0.1%
TNC	F	0.07%	0.01%	0.01%
TNET	F	0.14%	0.2%	0.14%
TPB	B	0.03%	0.27%	0.03%
TPH	B	0.16%	0.26%	0.16%
TRMK	D	0.0%	0.08%	0.0%
UFPI	B	0.24%	0.33%	0.24%
UMBF	C	0.12%	0.1%	0.1%
UNFI	B	0.01%	0.15%	0.01%
UNIT	C	0.07%	0.06%	0.06%
USNA	F	0.02%	0.1%	0.02%
UVV	C	0.07%	0.21%	0.07%
VGR	C	0.33%	0.28%	0.28%
VIAV	C	0.02%	0.22%	0.02%
VITL	C	0.04%	0.22%	0.04%
VNDA	F	0.03%	0.03%	0.03%
VSH	F	0.11%	0.2%	0.11%
WAFD	D	0.12%	0.21%	0.12%
WGO	D	0.05%	0.17%	0.05%
WK	D	0.31%	0.21%	0.21%
WNC	F	0.08%	0.1%	0.08%
WOR	F	0.08%	0.22%	0.08%
WTS	B	0.13%	0.3%	0.13%
WTTR	D	0.05%	0.21%	0.05%
XHR	C	0.03%	0.2%	0.03%
XRX	F	0.23%	0.12%	0.12%
YELP	F	0.06%	0.25%	0.06%
YOU	C	0.29%	0.19%	0.19%

SMLF Overweight 567 Positions Relative to JPSE

Symbol	Grade	Weight
EME	C	0.84%
EVR	C	0.72%
APP	B	0.7%
DECK	C	0.68%
BPOP	D	0.57%
JBL	D	0.55%
MANH	C	0.53%
WSM	C	0.52%
NTNX	D	0.5%
NVT	D	0.5%
RS	D	0.48%
ALSN	A	0.48%
WING	B	0.47%
HRB	C	0.45%
AXON	A	0.45%
IDA	B	0.43%
CSL	A	0.42%
DKS	D	0.42%
LPX	A	0.41%
FIX	B	0.41%
ORI	A	0.41%
CNM	F	0.41%
MSTR	C	0.41%
MEDP	F	0.4%
DUOL	B	0.4%
IOT	C	0.4%
VNO	B	0.4%
AM	A	0.39%
COCO	C	0.39%
PCOR	D	0.38%
IBKR	A	0.37%
LBRDA	C	0.37%
BRX	B	0.37%
WFRD	F	0.37%
UTHR	B	0.37%
LAMR	C	0.36%
FR	C	0.35%
NTRA	B	0.35%
CR	C	0.34%
CHE	B	0.34%
CVNA	A	0.34%
GTLB	D	0.34%
TTEK	B	0.34%
JEF	B	0.34%
SOLV	D	0.33%
THC	C	0.33%
CAVA	C	0.32%
EWBC	D	0.32%
ITT	B	0.32%
AYI	A	0.31%
WSO	B	0.31%
XRAY	D	0.31%
GGG	B	0.31%
SN	B	0.3%
PIPR	C	0.3%
DDS	D	0.3%
PSTG	F	0.3%
SPXC	C	0.3%
CROX	C	0.29%
POWL	A	0.29%
MOD	C	0.29%
FLEX	B	0.29%
GPK	B	0.28%
SMAR	A	0.27%
HALO	D	0.27%
JHG	C	0.27%
ENTG	D	0.27%
AN	B	0.27%
TPR	B	0.26%
PRI	A	0.26%
CHK	C	0.26%
R	C	0.26%
AMH	D	0.26%
LBTYA	B	0.26%
FCNCA	D	0.25%
TPX	B	0.25%
APA	F	0.25%
COKE	B	0.25%
LSCC	D	0.25%
BLD	C	0.25%
HURN	C	0.24%
TREX	D	0.24%
AGO	D	0.24%
SMG	B	0.23%
AMG	C	0.23%
ETSY	F	0.23%
RNR	A	0.23%
GAP	F	0.23%
HAS	A	0.23%
W	D	0.23%
INTA	C	0.23%
SRPT	F	0.23%
ESTC	F	0.23%
ARW	C	0.22%
AXSM	C	0.22%
AZPN	C	0.22%
DNLI	C	0.22%
BBWI	F	0.22%
AGCO	D	0.22%
OVV	F	0.22%
LIVN	D	0.21%
ONTO	C	0.21%
CBSH	D	0.21%
RPM	C	0.21%
AR	C	0.21%
CFR	D	0.21%
CW	A	0.21%
HIW	C	0.2%
GLPI	B	0.2%
TKR	B	0.2%
ZION	D	0.2%
RRX	C	0.2%
EXLS	B	0.2%
AGNC	C	0.19%
GES	F	0.19%
RRC	D	0.19%
HOG	C	0.19%
TPG	C	0.19%
EXEL	C	0.19%
NDSN	B	0.19%
ELF	F	0.19%
BRKR	D	0.19%
M	F	0.19%
ACM	B	0.19%
TEX	F	0.19%
LNW	F	0.18%
TDOC	D	0.18%
CWEN	A	0.18%
FROG	F	0.18%
WS	D	0.18%
KFRC	F	0.18%
BRC	C	0.18%
KNSL	D	0.18%
DCI	B	0.18%
ALLE	A	0.17%
AIZ	A	0.17%
VOYA	A	0.17%
ATI	B	0.17%
RNG	F	0.17%
OC	B	0.17%
VCYT	C	0.17%
PVH	F	0.17%
USFD	C	0.17%
TOL	A	0.17%
FAF	B	0.17%
WCC	C	0.17%
TTC	D	0.16%
CVCO	A	0.16%
BJ	D	0.16%
SLM	C	0.16%
TOST	B	0.16%
SKY	A	0.16%
ESAB	C	0.16%
HLI	B	0.16%
IONS	F	0.16%
PRKS	D	0.16%
SSD	C	0.16%
SPB	B	0.16%
MMYT	D	0.16%
RHI	D	0.16%
SQSP	A	0.16%
DTM	A	0.16%
WTM	D	0.15%
OMF	D	0.15%
TNL	B	0.15%
RL	B	0.15%
SF	A	0.15%
AY	B	0.15%
ONON	C	0.15%
KIM	C	0.15%
SPT	F	0.15%
GH	F	0.15%
NUVL	B	0.15%
ESI	B	0.15%
BSY	D	0.14%
SCI	C	0.14%
GME	D	0.14%
UA	B	0.14%
CRUS	D	0.14%
LRN	C	0.14%
BL	D	0.14%
RGLD	C	0.14%
INSP	C	0.14%
FYBR	C	0.14%
SBGI	B	0.14%
OGE	A	0.13%
BRZE	F	0.13%
YEXT	B	0.13%
KRC	C	0.13%
VECO	F	0.13%
VSTO	D	0.13%
NOV	F	0.13%
BPMC	F	0.13%
GNRC	B	0.13%
NYT	B	0.13%
CUBE	C	0.13%
RYAN	A	0.13%
GOLF	F	0.13%
FTAI	B	0.13%
DOCS	B	0.13%
HUN	B	0.13%
MFA	C	0.13%
KBR	D	0.13%
THO	C	0.13%
NFG	A	0.13%
XPO	F	0.13%
WMS	D	0.13%
VMI	B	0.13%
XNCR	D	0.13%
AA	C	0.13%
OLN	D	0.12%
VRNS	C	0.12%
BWXT	A	0.12%
PCTY	C	0.12%
ALX	C	0.12%
SFBS	D	0.12%
KAI	C	0.12%
NNN	A	0.12%
LILA	B	0.12%
BCRX	D	0.12%
MAT	C	0.12%
WEN	C	0.12%
ACAD	F	0.11%
SON	D	0.11%
PNM	B	0.11%
CMPR	F	0.11%
WH	C	0.11%
BAND	F	0.11%
PARA	F	0.11%
CYTK	F	0.11%
UGI	C	0.11%
INSM	D	0.11%
ICFI	C	0.11%
BERY	C	0.11%
PCVX	B	0.11%
COUR	F	0.11%
OSCR	C	0.11%
WEX	C	0.11%
NSSC	F	0.1%
AAN	D	0.1%
UPBD	F	0.1%
KSS	D	0.1%
SAIA	D	0.1%
OHI	C	0.1%
FHI	C	0.1%
BASE	F	0.1%
WSC	D	0.1%
BC	C	0.1%
MTG	B	0.1%
NYCB	D	0.1%
WAL	C	0.1%
KW	C	0.1%
IVZ	C	0.1%
SWN	C	0.1%
X	F	0.1%
LSTR	D	0.1%
LAZ	C	0.1%
EGP	D	0.1%
OII	D	0.1%
VMEO	C	0.1%
RDDT	C	0.1%
LOVE	B	0.1%
APG	F	0.09%
MPW	C	0.09%
CACC	F	0.09%
LBTYK	A	0.09%
EEFT	F	0.09%
YETI	D	0.09%
BECN	F	0.09%
ALIT	D	0.09%
JACK	F	0.09%
HP	F	0.09%
CXT	F	0.09%
SITC	F	0.09%
MIDD	D	0.09%
MTN	D	0.09%
HIMS	C	0.09%
MCB	C	0.09%
CHDN	D	0.09%
LYFT	D	0.08%
TENB	F	0.08%
LZ	D	0.08%
FLR	D	0.08%
CRDO	C	0.08%
BCO	A	0.08%
CAR	D	0.08%
FLNC	C	0.08%
PD	F	0.08%
NXST	D	0.08%
ILPT	D	0.08%
MTSI	C	0.08%
PNFP	D	0.08%
PLNT	C	0.08%
ASB	F	0.08%
MKSI	F	0.08%
BOX	C	0.08%
KN	D	0.08%
CUBI	F	0.08%
CUZ	C	0.08%
VFC	B	0.08%
VC	F	0.08%
VERA	C	0.08%
MDGL	F	0.08%
RGEN	F	0.08%
ELAN	D	0.08%
ASH	F	0.08%
ALV	F	0.08%
ADEA	C	0.07%
CLH	C	0.07%
GCO	F	0.07%
TXRH	B	0.07%
APPF	C	0.07%
PEGA	C	0.07%
AZEK	B	0.07%
ANAB	D	0.07%
WLY	A	0.07%
SANA	F	0.07%
FLO	C	0.07%
ANGI	C	0.07%
HOUS	C	0.07%
GKOS	C	0.07%
DH	F	0.07%
FHB	D	0.07%
DLX	F	0.07%
RIG	F	0.07%
RYN	C	0.07%
MASI	C	0.07%
VIR	F	0.07%
KNF	C	0.07%
VKTX	D	0.07%
SFL	D	0.07%
OZK	F	0.07%
ACHC	F	0.07%
WYNN	B	0.07%
COTY	F	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%
AGX	B	0.06%
PEN	D	0.06%
CASY	D	0.06%
VAC	D	0.06%
LFUS	C	0.06%
FIVN	F	0.06%
NXT	F	0.06%
AMLX	D	0.06%
MDU	C	0.06%
AMN	F	0.06%
NBR	F	0.06%
DOMO	F	0.06%
AMRX	A	0.06%
ADMA	B	0.06%
CC	D	0.06%
NARI	F	0.06%
AMPL	D	0.06%
EPAC	C	0.06%
STWD	C	0.06%
AVDX	F	0.05%
RCUS	F	0.05%
OLED	C	0.05%
ITRI	C	0.05%
MAN	D	0.05%
BKD	D	0.05%
ASAN	F	0.05%
VNT	F	0.05%
ACI	F	0.05%
AVAV	B	0.05%
EHC	B	0.05%
BEAM	F	0.05%
AMBC	F	0.05%
CERS	F	0.05%
RKT	B	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
BRBR	B	0.05%
S	D	0.05%
LECO	F	0.05%
ZIP	D	0.05%
MCY	B	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%
RUSHA	C	0.05%
FUN	F	0.05%
THR	F	0.05%
SITE	D	0.05%
PZZA	D	0.05%
KD	F	0.05%
IRTC	F	0.05%
MDXG	F	0.04%
CLVT	D	0.04%
OI	D	0.04%
SPRY	C	0.04%
FHN	D	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%
CGEM	F	0.04%
SOFI	C	0.04%
SAH	D	0.04%
ARRY	F	0.04%
CFFN	D	0.04%
SNV	D	0.04%
DAWN	D	0.04%
PRGO	F	0.04%
IVR	C	0.04%
AGS	D	0.04%
HSTM	B	0.04%
HELE	D	0.04%
NATL	D	0.04%
SNBR	C	0.04%
EVH	D	0.04%
WBS	D	0.04%
AVXL	D	0.04%
NRC	F	0.04%
FFIN	D	0.04%
KREF	C	0.04%
STAG	D	0.04%
FCN	B	0.04%
ROKU	D	0.04%
SONO	D	0.04%
WD	C	0.03%
QRTEA	F	0.03%
TSE	C	0.03%
DAN	F	0.03%
CIEN	B	0.03%
TCBI	C	0.03%
OFIX	D	0.03%
ATRC	D	0.03%
DNB	D	0.03%
VIRT	C	0.03%
MGNI	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	0.03%
BILL	D	0.03%
CHRD	F	0.03%
LTH	C	0.03%
RGNX	F	0.03%
EMBC	D	0.03%
REVG	D	0.03%
SGH	F	0.03%
TWO	D	0.03%
JELD	D	0.03%
SWIM	B	0.03%
BRSP	D	0.03%
UDMY	F	0.03%
CHWY	C	0.03%
TLRY	F	0.03%
DBI	F	0.03%
RLI	A	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%
CDP	A	0.03%
UVE	C	0.03%
ARWR	F	0.03%
PRO	F	0.02%
ERAS	D	0.02%
NTLA	F	0.02%
OSIS	B	0.02%
MSM	D	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	D	0.02%
BMBL	F	0.02%
CACI	A	0.02%
WOOF	C	0.02%
HMST	B	0.02%
OLPX	C	0.02%
NWL	D	0.02%
WTFC	C	0.02%
PII	D	0.02%
VSTS	D	0.02%
MTW	F	0.02%
EDR	A	0.02%
LMAT	B	0.02%
GPRO	D	0.02%
DYN	D	0.02%
MSA	D	0.02%
EVRI	B	0.02%
PR	F	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%
DY	C	0.02%
JANX	D	0.02%
CRSP	F	0.02%
GMED	D	0.02%
ALHC	C	0.02%
VCEL	F	0.02%
AXTA	C	0.02%
SAFE	C	0.02%
IESC	B	0.02%
AMCX	F	0.02%
SFIX	F	0.01%
RBRK	F	0.01%
JOBY	F	0.01%
ZUO	F	0.01%
DINO	F	0.01%
VAL	F	0.01%
PGEN	F	0.01%
TTGT	F	0.01%
ARR	D	0.01%
OMER	F	0.01%
BIGC	F	0.01%
GO	F	0.01%
FLWS	F	0.01%
OIS	F	0.01%
TDC	D	0.01%
ALGM	F	0.01%
JAMF	F	0.01%
CAKE	B	0.01%
UTL	C	0.01%
UPWK	D	0.01%
WTI	D	0.01%
MBC	B	0.01%
VRE	C	0.01%
TR	D	0.01%
HTZ	F	0.01%
PYCR	D	0.01%
ROIV	D	0.01%
HCAT	D	0.01%
SWTX	F	0.01%
AXS	A	0.01%
STGW	C	0.01%
MLAB	B	0.01%
ALAB	D	0.01%
GWRE	A	0.01%
BYD	C	0.01%
XPRO	F	0.01%
NFBK	D	0.01%
MBLY	F	0.01%
NEXA	B	0.01%
RXT	C	0.01%
HXL	F	0.01%
SSB	C	0.01%
HYFM	D	0.0%
BFH	D	0.0%
SEE	B	0.0%
EGBN	C	0.0%
GDOT	C	0.0%
CVBF	D	0.0%
BOH	F	0.0%
UNM	A	0.0%
PFBC	D	0.0%
TBBK	C	0.0%
CMA	C	0.0%
BKU	D	0.0%

SMLF Underweight 283 Positions Relative to JPSE

Symbol	Grade	Weight
SBRA	C	-0.32%
KBH	C	-0.32%
LAUR	C	-0.32%
IIPR	C	-0.32%
PATK	B	-0.32%
ESRT	C	-0.31%
CALM	A	-0.31%
UFPT	D	-0.31%
EPRT	C	-0.31%
NMRK	B	-0.31%
MHO	A	-0.31%
PLXS	B	-0.31%
SCVL	C	-0.31%
MTH	B	-0.31%
ESNT	C	-0.3%
CRVL	C	-0.3%
SEM	D	-0.3%
CTRE	B	-0.3%
CPK	B	-0.3%
LZB	C	-0.3%
FELE	B	-0.3%
KTB	B	-0.3%
HLIT	C	-0.3%
AVA	B	-0.29%
TRNO	D	-0.29%
BNL	B	-0.29%
PRMW	C	-0.29%
COLL	B	-0.29%
STC	C	-0.29%
FUL	F	-0.29%
ONB	D	-0.29%
NWE	A	-0.29%
UE	B	-0.29%
AKR	B	-0.29%
UEC	C	-0.28%
WHD	B	-0.28%
MGY	C	-0.28%
CWST	D	-0.28%
LTC	C	-0.28%
ABCB	C	-0.28%
ALE	A	-0.28%
ANDE	D	-0.27%
CCOI	B	-0.27%
PLAB	D	-0.27%
FCPT	C	-0.27%
UBSI	D	-0.27%
ASTH	B	-0.27%
SMR	C	-0.27%
PECO	C	-0.27%
TNK	D	-0.27%
MTX	D	-0.26%
ETH	D	-0.26%
DHT	B	-0.26%
NMIH	C	-0.26%
QTWO	C	-0.26%
WDFC	C	-0.26%
STNG	D	-0.26%
JJSF	A	-0.26%
HLX	D	-0.26%
IRT	C	-0.25%
CDE	C	-0.25%
NPO	C	-0.25%
EFC	D	-0.25%
HLNE	A	-0.25%
TTMI	D	-0.25%
BHE	C	-0.25%
INFN	C	-0.25%
GRBK	B	-0.25%
SKYW	B	-0.25%
ADUS	C	-0.24%
SWBI	F	-0.24%
FIZZ	C	-0.24%
RDNT	C	-0.24%
FORM	F	-0.24%
SXT	C	-0.24%
DBRG	D	-0.24%
LILAK	D	-0.24%
LBRT	F	-0.23%
MGEE	A	-0.23%
FDP	B	-0.23%
CENX	C	-0.23%
SMPL	D	-0.23%
AAT	C	-0.23%
INSW	C	-0.23%
ROIC	B	-0.23%
UTZ	B	-0.23%
HL	C	-0.23%
APLE	D	-0.23%
UCTT	D	-0.22%
CLFD	D	-0.22%
CSTM	D	-0.22%
ESGR	D	-0.22%
ANET	B	-0.22%
SGRY	C	-0.22%
SXI	B	-0.22%
HOMB	D	-0.22%
KOP	F	-0.21%
DGII	D	-0.21%
CWT	D	-0.21%
SCSC	D	-0.21%
GPOR	B	-0.21%
SHOO	A	-0.21%
DRH	D	-0.21%
BTU	B	-0.21%
BGS	D	-0.2%
TROX	D	-0.2%
MGPI	D	-0.2%
SCL	D	-0.2%
ORA	B	-0.2%
CTS	D	-0.2%
CABO	F	-0.2%
COHU	F	-0.19%
SXC	F	-0.19%
THS	C	-0.19%
ANIP	D	-0.19%
DEA	D	-0.19%
REX	D	-0.19%
DIOD	F	-0.19%
ABM	D	-0.19%
KWR	D	-0.19%
PMT	B	-0.18%
HAYN	B	-0.18%
MTUS	F	-0.18%
AZZ	C	-0.18%
DOLE	C	-0.18%
CLW	F	-0.18%
GSAT	F	-0.18%
CNXN	C	-0.18%
CATY	D	-0.18%
STRA	F	-0.18%
OEC	F	-0.18%
ECVT	F	-0.18%
LXU	D	-0.17%
CMRE	C	-0.17%
NTGR	C	-0.17%
SPTN	B	-0.17%
COMM	C	-0.17%
URBN	F	-0.17%
CRK	C	-0.17%
WMK	D	-0.16%
ACRE	D	-0.16%
HVT	F	-0.16%
ASC	D	-0.16%
NWBI	D	-0.16%
RUN	D	-0.16%
USPH	F	-0.16%
SJW	D	-0.16%
HOPE	D	-0.16%
GTY	B	-0.16%
NOG	D	-0.15%
MGRC	D	-0.15%
LCII	B	-0.15%
SHEN	F	-0.15%
ALEX	D	-0.15%
RGR	F	-0.15%
APAM	C	-0.15%
VCTR	C	-0.14%
CSGS	C	-0.14%
WSR	B	-0.14%
PARR	F	-0.14%
AMSC	D	-0.14%
KNTK	C	-0.14%
RYAM	B	-0.14%
RNST	D	-0.13%
SFNC	C	-0.13%
CHEF	B	-0.13%
GOGO	F	-0.13%
ASIX	B	-0.13%
MLKN	F	-0.13%
CCS	C	-0.13%
ACT	C	-0.13%
INN	B	-0.13%
AUB	D	-0.12%
EE	A	-0.12%
EGHT	F	-0.12%
FUBO	F	-0.12%
WSBC	D	-0.12%
PNTG	C	-0.11%
METC	D	-0.11%
GNK	C	-0.11%
RES	D	-0.11%
BZH	B	-0.11%
ZEUS	F	-0.11%
HRMY	B	-0.11%
FFBC	D	-0.11%
RDUS	D	-0.1%
CNSL	A	-0.1%
MYGN	D	-0.1%
EGY	D	-0.1%
SD	F	-0.1%
ARI	F	-0.1%
PBI	C	-0.1%
CMCO	D	-0.09%
AVNW	F	-0.09%
CSTL	C	-0.09%
THRM	F	-0.09%
EAF	D	-0.09%
BXC	D	-0.09%
MSEX	C	-0.09%
PRFT	A	-0.09%
SLP	F	-0.09%
VREX	F	-0.09%
OMCL	C	-0.09%
OCFC	C	-0.09%
MOV	F	-0.09%
NHC	D	-0.08%
SAFT	D	-0.08%
IPI	C	-0.08%
PRM	B	-0.08%
NEO	F	-0.08%
FLGT	F	-0.08%
ICHR	F	-0.08%
AHCO	B	-0.07%
HUBG	D	-0.07%
PSMT	B	-0.07%
TRST	D	-0.07%
RWT	C	-0.07%
FLNG	D	-0.07%
DORM	C	-0.07%
FCF	D	-0.07%
TK	B	-0.06%
USAP	B	-0.06%
BUSE	D	-0.06%
MEI	D	-0.06%
FRME	D	-0.06%
AVNS	C	-0.06%
AMWD	C	-0.06%
ZUMZ	D	-0.06%
CWCO	F	-0.06%
SCHL	D	-0.05%
NPK	F	-0.05%
ZYXI	F	-0.05%
VRNT	F	-0.05%
CCRN	F	-0.05%
RBCAA	C	-0.05%
KRO	C	-0.05%
B	D	-0.05%
ATEX	D	-0.05%
MWA	B	-0.05%
CHCT	F	-0.05%
NAT	D	-0.05%
STAA	D	-0.04%
GRWG	F	-0.04%
HMN	C	-0.04%
MYE	F	-0.04%
WOW	D	-0.04%
HCSG	D	-0.04%
GTN	D	-0.04%
NR	F	-0.04%
TH	F	-0.04%
CSV	C	-0.03%
OSPN	C	-0.03%
THFF	D	-0.03%
RC	F	-0.03%
CWH	C	-0.03%
MXL	F	-0.03%
NATR	F	-0.03%
LFMD	F	-0.03%
PLL	D	-0.03%
VRTS	F	-0.02%
AOSL	D	-0.02%
RGP	F	-0.02%
LWLG	F	-0.02%
GIC	D	-0.02%
BOOM	D	-0.02%
ANIK	F	-0.02%
TG	B	-0.02%
MMI	C	-0.02%
AVD	F	-0.02%
PCRX	F	-0.02%
SRDX	D	-0.02%
CIX	C	-0.02%
DXPE	B	-0.02%
TRS	D	-0.02%
CHUY	B	-0.01%
STHO	C	-0.01%
TRTX	D	-0.01%
BH	F	-0.01%
TBI	F	-0.01%
AAOI	D	-0.01%
UNF	B	-0.01%
CCSI	C	-0.01%
RBBN	D	-0.0%