SMLF vs. JSMD ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Janus Small/Mid Cap Growth Alpha ETF (JSMD)

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

$71.26

Average Daily Volume

65,194

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

JSMD

Janus Small/Mid Cap Growth Alpha ETF

JSMD Description

Janus Small/Mid Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$79.54

Average Daily Volume

12,399

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	JSMD
30 Days	5.88%	8.04%
60 Days	10.91%	12.80%
90 Days	12.92%	15.36%
12 Months	37.56%	34.88%

99 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in JSMD	Overlap
ABG	B	0.15%	0.15%	0.15%
ACLS	F	0.13%	0.4%	0.13%
AGCO	F	0.2%	0.58%	0.2%
AIT	A	0.12%	0.83%	0.12%
ALRM	C	0.03%	0.4%	0.03%
AMPH	C	0.07%	0.43%	0.07%
APP	B	1.28%	7.26%	1.28%
ARRY	C	0.03%	0.08%	0.03%
ASO	F	0.06%	0.11%	0.06%
ATKR	D	0.22%	0.3%	0.22%
AWR	B	0.12%	0.11%	0.11%
AX	B	0.0%	0.23%	0.0%
BJ	B	0.16%	0.56%	0.16%
BLD	F	0.22%	0.32%	0.22%
BMI	B	0.16%	0.94%	0.16%
BOX	A	0.08%	0.69%	0.08%
BRBR	A	0.05%	0.42%	0.05%
BRKR	F	0.15%	1.74%	0.15%
BSY	F	0.13%	2.12%	0.13%
CASH	B	0.0%	0.1%	0.0%
CASY	B	0.06%	0.73%	0.06%
CELH	F	0.05%	0.33%	0.05%
CMC	B	0.14%	0.84%	0.14%
CNM	D	0.39%	0.73%	0.39%
COKE	C	0.22%	0.44%	0.22%
CORT	B	0.29%	1.08%	0.29%
CPRX	B	0.25%	0.53%	0.25%
CRAI	B	0.01%	0.11%	0.01%
CROX	F	0.19%	0.17%	0.17%
CSWI	B	0.09%	0.53%	0.09%
CUBI	B	0.09%	0.08%	0.08%
DKS	F	0.38%	0.33%	0.33%
DOCN	D	0.02%	0.51%	0.02%
DOCS	B	0.13%	1.03%	0.13%
ELF	C	0.18%	0.31%	0.18%
ENSG	C	0.14%	1.62%	0.14%
ENVA	B	0.01%	0.13%	0.01%
ETSY	C	0.2%	0.17%	0.17%
EXLS	B	0.23%	0.6%	0.23%
FCN	F	0.04%	0.6%	0.04%
FIX	B	0.44%	1.3%	0.44%
FN	B	0.06%	1.35%	0.06%
GMS	B	0.08%	0.32%	0.08%
GOLF	B	0.14%	0.12%	0.12%
GPI	A	0.21%	0.15%	0.15%
GPK	D	0.27%	1.04%	0.27%
HALO	B	0.26%	1.44%	0.26%
HASI	F	0.08%	0.19%	0.08%
HWKN	C	0.06%	0.3%	0.06%
IBKR	A	0.42%	0.93%	0.42%
IBOC	B	0.1%	0.22%	0.1%
IBP	F	0.04%	0.17%	0.04%
IESC	B	0.03%	0.44%	0.03%
IPAR	B	0.12%	0.19%	0.12%
KAI	B	0.13%	0.37%	0.13%
KNSL	C	0.17%	0.53%	0.17%
LNTH	F	0.18%	1.17%	0.18%
LOVE	B	0.11%	0.01%	0.01%
LPG	F	0.04%	0.09%	0.04%
LRN	B	0.16%	0.12%	0.12%
LSCC	D	0.24%	1.08%	0.24%
MCB	B	0.11%	0.04%	0.04%
MEDP	C	0.4%	2.09%	0.4%
MLI	B	0.5%	0.87%	0.5%
NSSC	F	0.08%	0.2%	0.08%
NX	C	0.03%	0.08%	0.03%
NYT	C	0.12%	0.97%	0.12%
OPCH	F	0.08%	0.75%	0.08%
OSIS	B	0.02%	0.35%	0.02%
OTTR	C	0.07%	0.12%	0.07%
PCTY	A	0.15%	0.96%	0.15%
PFBC	B	0.0%	0.06%	0.0%
PLUS	F	0.09%	0.38%	0.09%
QLYS	B	0.14%	0.81%	0.14%
RGLD	C	0.14%	1.16%	0.14%
RLI	A	0.03%	0.39%	0.03%
RUSHA	B	0.06%	0.4%	0.06%
RYAN	A	0.13%	0.44%	0.13%
SANM	B	0.23%	0.65%	0.23%
SFM	B	0.59%	0.67%	0.59%
SITE	D	0.05%	0.56%	0.05%
SLM	B	0.16%	0.26%	0.16%
SPSC	D	0.11%	0.98%	0.11%
SSD	D	0.15%	0.65%	0.15%
SSTK	D	0.12%	0.13%	0.12%
STRL	B	0.28%	0.44%	0.28%
TBBK	B	0.0%	0.13%	0.0%
TNET	D	0.12%	0.38%	0.12%
TOL	C	0.16%	0.45%	0.16%
TTEK	C	0.33%	1.04%	0.33%
VITL	F	0.04%	0.06%	0.04%
WAL	B	0.1%	0.51%	0.1%
WCC	B	0.2%	0.84%	0.2%
WING	D	0.36%	0.27%	0.27%
WMS	F	0.13%	1.01%	0.13%
WS	B	0.23%	0.27%	0.23%
WSC	F	0.1%	0.61%	0.1%
WTS	B	0.12%	0.47%	0.12%
YETI	C	0.08%	0.09%	0.08%

SMLF Overweight 711 Positions Relative to JSMD

Symbol	Grade	Weight
EME	B	0.94%
EVR	B	0.82%
DECK	B	0.69%
MSTR	B	0.6%
JBL	C	0.58%
ALSN	A	0.56%
NTNX	B	0.55%
BPOP	C	0.52%
AXON	B	0.51%
MANH	C	0.51%
NVT	B	0.51%
SLG	C	0.51%
RS	B	0.5%
CVNA	B	0.46%
COCO	C	0.45%
VNO	C	0.44%
IDA	A	0.44%
DUOL	B	0.43%
LBRDA	C	0.43%
POWL	B	0.42%
HRB	D	0.42%
WSM	F	0.42%
COOP	B	0.41%
IOT	B	0.41%
PCOR	B	0.41%
ORI	A	0.4%
CSL	B	0.4%
LPX	B	0.39%
UTHR	B	0.39%
AM	B	0.38%
EWBC	B	0.38%
GTLB	B	0.38%
JEF	A	0.37%
BRX	A	0.36%
WFRD	D	0.36%
AYI	B	0.35%
CR	B	0.35%
PIPR	B	0.34%
NTRA	B	0.34%
SOLV	D	0.34%
CAVA	B	0.34%
LAMR	D	0.34%
FLEX	B	0.33%
WK	B	0.33%
THC	B	0.32%
WSO	A	0.31%
ITT	A	0.31%
MAC	B	0.31%
FR	C	0.31%
PSTG	D	0.31%
ANF	D	0.3%
GGG	B	0.3%
CHE	D	0.3%
SPXC	B	0.3%
ALKS	B	0.3%
HSII	B	0.3%
DDS	C	0.29%
JHG	B	0.29%
EXE	A	0.28%
INTA	B	0.28%
R	A	0.27%
PRI	A	0.27%
FCNCA	B	0.27%
SIG	B	0.26%
TPR	B	0.26%
HURN	B	0.26%
MOD	C	0.26%
ESTC	C	0.25%
AGO	B	0.25%
CFR	B	0.25%
RMBS	B	0.25%
SN	C	0.25%
SMAR	A	0.25%
AN	C	0.24%
SKT	B	0.24%
TREX	C	0.24%
AMH	C	0.24%
ENTG	D	0.24%
YOU	D	0.24%
EXEL	B	0.24%
OVV	C	0.23%
TPX	B	0.23%
UFPI	B	0.23%
LBTYA	F	0.23%
ZION	B	0.23%
IMKTA	B	0.23%
CW	B	0.23%
LUMN	B	0.22%
GAP	B	0.22%
CBSH	A	0.22%
AMG	B	0.22%
AXSM	B	0.21%
DNLI	B	0.21%
APA	F	0.21%
AZPN	A	0.21%
SRPT	F	0.21%
BCC	B	0.21%
RNR	D	0.21%
RPM	A	0.21%
CMA	A	0.21%
M	D	0.2%
RNG	B	0.2%
ACM	B	0.2%
TEX	D	0.2%
JOE	F	0.2%
AR	B	0.2%
BBWI	C	0.2%
TPG	B	0.2%
MATX	A	0.2%
RRX	C	0.2%
TDOC	C	0.19%
RRC	B	0.19%
XRAY	F	0.19%
MUR	F	0.19%
FROG	C	0.19%
HIW	D	0.19%
HAE	B	0.19%
NAVI	D	0.19%
LIVN	C	0.19%
DTM	B	0.19%
RDDT	B	0.19%
HAS	D	0.19%
VCYT	B	0.18%
NDSN	B	0.18%
JBSS	F	0.18%
PDM	D	0.18%
USFD	A	0.18%
EXTR	B	0.18%
GH	B	0.18%
DCI	A	0.18%
SMG	D	0.18%
GLPI	D	0.18%
AVNT	B	0.18%
ESAB	B	0.18%
LNW	F	0.18%
ARW	F	0.18%
XRX	F	0.18%
MMYT	C	0.17%
PGRE	B	0.17%
PRG	B	0.17%
PVH	C	0.17%
RHI	B	0.17%
BRC	A	0.17%
KFRC	C	0.17%
TKR	F	0.17%
XPO	B	0.17%
KRG	B	0.17%
SF	B	0.17%
TOST	A	0.17%
OC	A	0.17%
HLI	B	0.17%
ACLX	B	0.17%
PRGS	A	0.17%
UA	B	0.16%
ESI	B	0.16%
CVCO	B	0.16%
RL	B	0.16%
ALLE	D	0.16%
IVT	B	0.16%
TNL	A	0.16%
CNO	B	0.16%
AGNC	C	0.16%
ONTO	F	0.16%
OMF	A	0.16%
PRKS	B	0.16%
AIZ	A	0.16%
VOYA	B	0.16%
GATX	A	0.15%
GNRC	B	0.15%
NOVT	C	0.15%
XNCR	B	0.15%
SKY	B	0.15%
SPB	B	0.15%
TTC	F	0.15%
AA	C	0.15%
HOG	F	0.15%
VMI	B	0.15%
SBGI	C	0.15%
PI	D	0.15%
SRCE	B	0.15%
SPT	C	0.15%
WTM	A	0.15%
BL	B	0.15%
GES	F	0.15%
CWEN	D	0.15%
KIM	A	0.15%
W	F	0.15%
FAF	C	0.15%
VSTO	A	0.14%
BDN	D	0.14%
NJR	A	0.14%
AMR	C	0.14%
GME	C	0.14%
ATI	D	0.14%
MMSI	B	0.14%
YEXT	A	0.14%
KBR	B	0.14%
NUVL	D	0.14%
ONON	B	0.14%
SATS	C	0.14%
AY	A	0.14%
IONS	F	0.14%
TPH	D	0.14%
FTAI	B	0.14%
IGT	D	0.14%
SCI	B	0.14%
BRZE	C	0.13%
THO	B	0.13%
OGS	A	0.13%
KRC	C	0.13%
ACCO	B	0.13%
CBT	C	0.13%
WEN	C	0.13%
UMBF	B	0.13%
MDGL	C	0.13%
VMEO	B	0.13%
BPMC	B	0.13%
SFBS	B	0.13%
BANF	B	0.13%
FYBR	D	0.13%
INSP	F	0.13%
MFA	D	0.12%
BAND	C	0.12%
CXW	B	0.12%
BCRX	C	0.12%
SAIA	B	0.12%
HIMS	B	0.12%
MAT	C	0.12%
WH	A	0.12%
AMLX	C	0.12%
NSP	F	0.12%
ODP	F	0.12%
OGE	B	0.12%
BWXT	A	0.12%
WAFD	B	0.12%
NFG	C	0.12%
BLKB	C	0.12%
NOV	C	0.12%
ICFI	C	0.11%
GFF	A	0.11%
HUN	F	0.11%
CRDO	B	0.11%
KLIC	C	0.11%
PTEN	C	0.11%
CUBE	D	0.11%
CYTK	C	0.11%
PARA	C	0.11%
GEO	B	0.11%
ACAD	C	0.11%
BASE	C	0.11%
HTH	B	0.11%
OII	B	0.11%
DFIN	D	0.11%
CHX	D	0.11%
SR	C	0.11%
CRUS	F	0.11%
LAZ	C	0.11%
AROC	B	0.11%
APOG	B	0.11%
X	C	0.11%
BKE	A	0.11%
INVA	B	0.1%
ASB	B	0.1%
ACA	B	0.1%
CRS	B	0.1%
PCVX	D	0.1%
OLN	D	0.1%
TGNA	B	0.1%
LYFT	B	0.1%
NNN	F	0.1%
BECN	B	0.1%
KW	C	0.1%
CHDN	C	0.1%
SYNA	D	0.1%
UGI	D	0.1%
LSTR	B	0.1%
IVZ	C	0.1%
EXPO	D	0.1%
CMPR	D	0.1%
LGND	B	0.1%
AGM	B	0.1%
HP	C	0.1%
INSM	D	0.1%
CARG	B	0.1%
BERY	C	0.1%
LZ	C	0.1%
NTCT	B	0.1%
HOV	F	0.1%
ALX	D	0.1%
VECO	F	0.1%
EXPI	C	0.1%
TXNM	A	0.1%
FHI	A	0.1%
VRNS	D	0.1%
HEES	B	0.09%
EEFT	C	0.09%
VIR	C	0.09%
ALIT	B	0.09%
MIDD	C	0.09%
VFC	C	0.09%
CXT	D	0.09%
MRC	B	0.09%
APG	B	0.09%
PLNT	A	0.09%
VERA	B	0.09%
BDC	C	0.09%
IDCC	B	0.09%
FLR	C	0.09%
DNOW	B	0.09%
JACK	D	0.09%
EGP	C	0.09%
FLG	D	0.09%
MTG	C	0.09%
UPBD	B	0.09%
PNFP	B	0.09%
TMHC	C	0.09%
CRC	B	0.09%
BC	C	0.09%
MTSI	B	0.09%
OHI	C	0.09%
MTRN	B	0.09%
SON	D	0.09%
VSH	F	0.09%
WEX	D	0.09%
LILA	F	0.09%
COUR	F	0.09%
CEIX	B	0.08%
HWC	B	0.08%
TENB	C	0.08%
PEGA	A	0.08%
NARI	C	0.08%
SCS	C	0.08%
MATV	F	0.08%
KNF	C	0.08%
CVLT	A	0.08%
LBTYK	F	0.08%
OZK	B	0.08%
NBR	C	0.08%
CAL	D	0.08%
DLX	A	0.08%
FHB	B	0.08%
RGEN	C	0.08%
CARS	B	0.08%
CAR	C	0.08%
HI	C	0.08%
KSS	F	0.08%
MASI	B	0.08%
MKSI	C	0.08%
ELAN	D	0.08%
ATEN	B	0.08%
PD	C	0.08%
CACC	D	0.08%
KN	B	0.08%
DVAX	B	0.08%
ALV	C	0.08%
WOR	F	0.08%
PHIN	B	0.08%
PBH	A	0.08%
CUZ	C	0.08%
MTN	D	0.08%
AGX	B	0.08%
NXST	C	0.08%
BCO	F	0.07%
PEN	B	0.07%
EQC	C	0.07%
NSIT	F	0.07%
CLH	B	0.07%
CNMD	C	0.07%
WLY	A	0.07%
HE	F	0.07%
POR	D	0.07%
GCO	B	0.07%
RIG	D	0.07%
VAC	B	0.07%
UNIT	C	0.07%
OSCR	F	0.07%
LXP	C	0.07%
MED	C	0.07%
SM	C	0.07%
GKOS	A	0.07%
NTB	B	0.07%
AMPL	B	0.07%
TXRH	A	0.07%
ADEA	C	0.07%
EYPT	D	0.07%
SNEX	B	0.07%
DOMO	B	0.07%
EPAC	B	0.07%
ASH	F	0.07%
VC	D	0.07%
WNC	C	0.07%
VKTX	D	0.07%
AMN	F	0.06%
YELP	C	0.06%
CTBI	B	0.06%
LECO	C	0.06%
OXM	D	0.06%
CNX	B	0.06%
TRN	B	0.06%
NVST	C	0.06%
MCY	B	0.06%
S	B	0.06%
STWD	D	0.06%
FUN	B	0.06%
ILPT	D	0.06%
AFRM	B	0.06%
NXT	C	0.06%
CC	C	0.06%
RDN	C	0.06%
LADR	B	0.06%
ITCI	C	0.06%
ZIP	C	0.06%
TNC	F	0.06%
ADMA	B	0.06%
FLO	F	0.06%
SFL	F	0.06%
MPW	F	0.06%
BLMN	F	0.06%
APPF	B	0.06%
WTTR	B	0.06%
UVV	B	0.06%
WYNN	F	0.06%
KD	A	0.06%
FIVN	C	0.06%
AMRX	B	0.06%
AZEK	B	0.06%
DH	D	0.06%
AIV	C	0.06%
IRTC	C	0.06%
HCC	C	0.06%
RYN	F	0.06%
ANGI	F	0.06%
FLNC	D	0.06%
CVBF	B	0.05%
SANA	F	0.05%
ITGR	B	0.05%
ACI	C	0.05%
AMBC	C	0.05%
ACHC	F	0.05%
TILE	B	0.05%
RCUS	D	0.05%
SONO	C	0.05%
HLF	D	0.05%
SNV	B	0.05%
TDS	B	0.05%
KLG	D	0.05%
CERS	D	0.05%
BEAM	C	0.05%
MMS	D	0.05%
AMCX	C	0.05%
FOLD	D	0.05%
ITRI	B	0.05%
EHC	A	0.05%
WBS	A	0.05%
AVAV	C	0.05%
TARS	C	0.05%
GPMT	C	0.05%
THR	D	0.05%
AEO	F	0.05%
ASAN	C	0.05%
AVDX	B	0.05%
PATH	C	0.05%
PK	B	0.05%
HOUS	F	0.05%
AVXL	B	0.05%
SOFI	B	0.05%
APLS	F	0.05%
VNT	B	0.05%
CENTA	C	0.05%
WGO	B	0.05%
COTY	F	0.05%
PZZA	D	0.05%
LFUS	D	0.05%
MERC	F	0.05%
SMTC	B	0.05%
WBA	D	0.05%
ATRC	B	0.04%
RDFN	D	0.04%
ARWR	C	0.04%
NRC	D	0.04%
BKD	F	0.04%
EGBN	B	0.04%
MDU	F	0.04%
OUT	C	0.04%
OLED	F	0.04%
SPRY	C	0.04%
MAN	F	0.04%
PFSI	D	0.04%
DIN	C	0.04%
STAG	D	0.04%
ENS	D	0.04%
HELE	C	0.04%
NATL	B	0.04%
PRGO	C	0.04%
AGS	A	0.04%
SAH	B	0.04%
RKT	F	0.04%
IDT	B	0.04%
AGYS	B	0.04%
ROKU	C	0.04%
KREF	D	0.04%
CORZ	B	0.04%
DAWN	C	0.04%
RVMD	B	0.04%
MDXG	B	0.04%
ANAB	F	0.04%
FHN	A	0.04%
HSTM	A	0.04%
IOSP	B	0.04%
CFFN	B	0.04%
HPP	F	0.04%
BCPC	B	0.04%
NHI	D	0.04%
OMI	F	0.04%
KOS	F	0.04%
FFIN	B	0.04%
TLRY	F	0.03%
MGNI	A	0.03%
SWIM	D	0.03%
TGTX	B	0.03%
SVC	F	0.03%
LANC	C	0.03%
JANX	C	0.03%
GMED	B	0.03%
VCEL	B	0.03%
PDCO	F	0.03%
VNDA	B	0.03%
ALHC	C	0.03%
SUPN	B	0.03%
MOG.A	B	0.03%
VIAV	B	0.03%
AKRO	C	0.03%
ADT	B	0.03%
CHRD	F	0.03%
RGNX	D	0.03%
VIRT	B	0.03%
CALX	F	0.03%
LTH	C	0.03%
EVTC	C	0.03%
DNB	B	0.03%
FL	F	0.03%
CHWY	B	0.03%
EMBC	B	0.03%
XHR	B	0.03%
REVG	B	0.03%
QDEL	F	0.03%
CIEN	B	0.03%
SNDX	D	0.03%
QXO	D	0.03%
OFIX	B	0.03%
CVI	F	0.03%
BRSP	B	0.03%
TCBI	B	0.03%
BBIO	F	0.03%
HNI	B	0.03%
RYI	B	0.03%
ARCH	B	0.03%
ACCD	F	0.03%
BILL	A	0.03%
UVE	B	0.03%
FLYW	B	0.03%
IVR	D	0.03%
CGEM	F	0.03%
SNBR	D	0.03%
OI	D	0.03%
UDMY	C	0.03%
EVH	F	0.03%
RPD	C	0.03%
TPB	A	0.03%
CNS	C	0.03%
CDP	C	0.03%
SLAB	F	0.03%
AEIS	C	0.02%
SHO	C	0.02%
UPWK	B	0.02%
SSB	B	0.02%
RXT	B	0.02%
UNFI	C	0.02%
MSM	B	0.02%
DYN	C	0.02%
VSTS	D	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
ARCT	F	0.02%
TSE	F	0.02%
PRO	C	0.02%
SLVM	C	0.02%
RAMP	C	0.02%
CACI	C	0.02%
NUS	D	0.02%
KRNY	B	0.02%
SAFE	F	0.02%
JELD	F	0.02%
MSA	D	0.02%
QRTEA	F	0.02%
BMBL	C	0.02%
EDR	C	0.02%
KFY	B	0.02%
BRY	F	0.02%
EVRI	A	0.02%
DAN	D	0.02%
EPR	D	0.02%
NWL	B	0.02%
MTW	C	0.02%
FSS	C	0.02%
WTFC	B	0.02%
GPRO	D	0.02%
DY	C	0.02%
LMAT	B	0.02%
RLJ	B	0.02%
ALAB	B	0.02%
DBI	F	0.02%
PR	C	0.02%
PBF	F	0.02%
OPI	F	0.02%
CLVT	F	0.02%
SITC	F	0.02%
CNDT	B	0.02%
TWO	F	0.02%
IRWD	D	0.02%
WD	D	0.02%
PTCT	B	0.02%
GIII	D	0.02%
AXTA	A	0.02%
OPEN	F	0.02%
CRSP	D	0.02%
ARCB	C	0.02%
USNA	C	0.02%
CWK	B	0.01%
MAGN	F	0.01%
DINO	D	0.01%
VAL	F	0.01%
JOBY	C	0.01%
AIN	D	0.01%
ARR	C	0.01%
PCH	F	0.01%
ALGM	F	0.01%
PGEN	F	0.01%
SFIX	B	0.01%
GO	C	0.01%
PEB	D	0.01%
TDC	D	0.01%
EPC	F	0.01%
BIGC	C	0.01%
MBC	D	0.01%
UTL	C	0.01%
POWI	C	0.01%
JAMF	F	0.01%
BKH	B	0.01%
TR	C	0.01%
ZUO	B	0.01%
HTZ	C	0.01%
NWN	B	0.01%
XPRO	F	0.01%
VRE	B	0.01%
FLWS	C	0.01%
SWX	B	0.01%
OMER	C	0.01%
MITK	C	0.01%
MLAB	F	0.01%
SWI	B	0.01%
HMST	D	0.01%
ROIV	C	0.01%
TTGT	B	0.01%
OIS	B	0.01%
OLPX	F	0.01%
NTLA	F	0.01%
RBRK	B	0.01%
AXS	A	0.01%
HCAT	B	0.01%
CAKE	B	0.01%
STGW	B	0.01%
ENR	B	0.01%
WTI	D	0.01%
HQY	B	0.01%
NGVT	B	0.01%
BSIG	B	0.01%
SWTX	D	0.01%
GEF	A	0.01%
RHP	B	0.01%
GWRE	A	0.01%
PYCR	B	0.01%
NEXA	C	0.01%
KALU	B	0.01%
BYD	A	0.01%
MBLY	C	0.01%
PII	F	0.01%
NFBK	B	0.01%
OSUR	F	0.01%
ASGN	C	0.01%
HXL	D	0.01%
KVYO	C	0.01%
HAIN	F	0.01%
BFH	B	0.0%
MC	B	0.0%
SEE	C	0.0%
CHCO	B	0.0%
GDOT	C	0.0%
NBTB	B	0.0%
FULT	B	0.0%
EIG	A	0.0%
BOH	B	0.0%
JXN	B	0.0%
TRMK	B	0.0%
DEI	C	0.0%
GNW	B	0.0%
UNM	A	0.0%
FBP	B	0.0%
PRDO	B	0.0%
BKU	B	0.0%
OFG	B	0.0%

SMLF Underweight 146 Positions Relative to JSMD

Symbol	Grade	Weight
INCY	B	-3.02%
HEI	B	-2.49%
NBIX	C	-2.38%
CRL	C	-2.07%
ROL	B	-1.95%
DOX	C	-1.5%
EXP	B	-1.25%
CRVL	B	-1.15%
PAYC	B	-1.07%
ERIE	F	-1.0%
DBX	B	-0.98%
AAON	B	-0.79%
PLXS	C	-0.64%
HRI	B	-0.54%
MTDR	C	-0.53%
UFPT	C	-0.51%
DV	C	-0.48%
USLM	B	-0.47%
ZI	D	-0.46%
ADUS	D	-0.44%
FELE	A	-0.4%
HLNE	B	-0.39%
HRMY	D	-0.38%
WTRG	C	-0.36%
PRIM	B	-0.35%
CBZ	B	-0.32%
DAR	B	-0.31%
FND	F	-0.31%
EVCM	C	-0.31%
PAG	B	-0.3%
SIGI	B	-0.3%
MUSA	B	-0.29%
STAA	F	-0.29%
LAD	B	-0.28%
PGNY	F	-0.28%
TGLS	B	-0.27%
REXR	F	-0.25%
CZR	F	-0.25%
ESGR	C	-0.25%
KNTK	B	-0.25%
MGRC	B	-0.24%
CNXC	F	-0.23%
PLAB	C	-0.23%
IAS	D	-0.22%
PAYO	B	-0.21%
VCTR	B	-0.21%
ALG	B	-0.2%
MYRG	B	-0.2%
MTH	D	-0.19%
PJT	B	-0.19%
ACMR	D	-0.17%
AESI	C	-0.17%
TRNO	D	-0.16%
NFE	F	-0.15%
ABR	B	-0.15%
EPRT	C	-0.15%
NMIH	C	-0.15%
GSHD	A	-0.14%
FIVE	F	-0.14%
MHO	D	-0.13%
PLMR	C	-0.13%
BOOT	D	-0.12%
MBIN	D	-0.1%
NBHC	B	-0.1%
SKWD	A	-0.1%
NSA	D	-0.09%
GRBK	D	-0.09%
QCRH	B	-0.08%
WABC	B	-0.08%
NAPA	A	-0.08%
CCRN	F	-0.08%
SHLS	D	-0.08%
IIPR	F	-0.08%
CMPO	C	-0.07%
RDVT	B	-0.07%
BY	B	-0.07%
TCMD	B	-0.07%
DCGO	B	-0.07%
GSL	D	-0.07%
CLFD	F	-0.07%
PLPC	B	-0.06%
AMAL	B	-0.06%
ANET	C	-0.06%
RC	D	-0.06%
HCI	C	-0.06%
GRNT	B	-0.06%
KRT	A	-0.05%
CCB	A	-0.05%
SMLR	B	-0.05%
AEHR	F	-0.05%
MGPI	F	-0.05%
BFC	B	-0.05%
HGTY	C	-0.05%
BWMN	C	-0.04%
FSBC	B	-0.04%
SCLX	F	-0.04%
BFST	B	-0.04%
SMBC	B	-0.04%
ORRF	B	-0.04%
ASC	F	-0.04%
OSBC	A	-0.04%
NBN	B	-0.04%
CFB	B	-0.04%
PLYM	F	-0.03%
BCAL	B	-0.03%
TITN	D	-0.03%
BOWL	D	-0.03%
GCBC	B	-0.03%
PAY	B	-0.03%
ESQ	B	-0.03%
IMXI	B	-0.03%
DFH	F	-0.03%
ATLC	A	-0.03%
HTBI	B	-0.03%
CCBG	B	-0.03%
VEL	A	-0.03%
XPEL	C	-0.03%
REFI	B	-0.02%
SSBK	B	-0.02%
OBT	B	-0.02%
CIVB	B	-0.02%
ODC	C	-0.02%
AMPS	C	-0.02%
USCB	B	-0.02%
CBNK	B	-0.02%
NECB	B	-0.02%
HZO	F	-0.02%
ALTG	C	-0.02%
HDSN	F	-0.02%
UNTY	B	-0.02%
TCBX	B	-0.02%
TH	B	-0.02%
VTSI	C	-0.01%
MNSB	D	-0.01%
FRAF	A	-0.01%
PSTL	B	-0.01%
PCYO	B	-0.01%
ESSA	B	-0.01%
FRD	F	-0.01%
OVLY	B	-0.01%
BWFG	A	-0.01%
PLBC	A	-0.01%
KFS	C	-0.01%
ARHS	F	-0.01%
HGBL	F	-0.0%
SACH	F	-0.0%