SMLF vs. MVV ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to ProShares Ultra MidCap400 (MVV)

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

$65.31

Average Daily Volume

77,130

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

MVV

ProShares Ultra MidCap400

MVV Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P MidCap 400®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.61

Average Daily Volume

11,451

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	MVV
30 Days	0.57%	2.71%
60 Days	6.19%	8.51%
90 Days	8.55%	11.23%
12 Months	31.11%	49.16%

266 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in MVV	Overlap
AA	B	0.13%	0.26%	0.13%
ACHC	F	0.07%	0.18%	0.07%
ACM	A	0.19%	0.36%	0.19%
AGCO	D	0.22%	0.16%	0.16%
AIT	B	0.11%	0.22%	0.11%
ALGM	F	0.01%	0.1%	0.01%
ALV	F	0.08%	0.18%	0.08%
AM	A	0.39%	0.13%	0.13%
AMG	B	0.23%	0.14%	0.14%
AMH	D	0.26%	0.32%	0.26%
AN	D	0.27%	0.12%	0.12%
ANF	F	0.32%	0.18%	0.18%
APPF	C	0.07%	0.14%	0.07%
AR	B	0.21%	0.21%	0.21%
ARW	C	0.22%	0.19%	0.19%
ARWR	F	0.03%	0.06%	0.03%
ASB	F	0.08%	0.08%	0.08%
ASGN	D	0.01%	0.11%	0.01%
ASH	F	0.08%	0.11%	0.08%
AVNT	C	0.19%	0.12%	0.12%
AXTA	C	0.02%	0.21%	0.02%
AYI	A	0.31%	0.22%	0.22%
BC	D	0.1%	0.14%	0.1%
BCO	C	0.08%	0.13%	0.08%
BDC	B	0.09%	0.12%	0.09%
BERY	C	0.11%	0.21%	0.11%
BJ	C	0.16%	0.28%	0.16%
BKH	C	0.01%	0.11%	0.01%
BLD	D	0.25%	0.31%	0.25%
BLKB	C	0.13%	0.09%	0.09%
BRBR	A	0.05%	0.21%	0.05%
BRKR	D	0.19%	0.2%	0.19%
BRX	C	0.37%	0.22%	0.22%
BWXT	A	0.12%	0.26%	0.12%
BYD	C	0.01%	0.12%	0.01%
CACI	A	0.02%	0.29%	0.02%
CAR	F	0.08%	0.04%	0.04%
CASY	D	0.06%	0.36%	0.06%
CBSH	D	0.21%	0.18%	0.18%
CBT	C	0.13%	0.16%	0.13%
CC	D	0.06%	0.08%	0.06%
CELH	F	0.05%	0.13%	0.05%
CFR	D	0.21%	0.19%	0.19%
CHDN	D	0.09%	0.26%	0.09%
CHE	C	0.34%	0.24%	0.24%
CHK	D	0.26%	0.23%	0.23%
CHRD	F	0.03%	0.21%	0.03%
CHX	C	0.12%	0.15%	0.12%
CIEN	A	0.03%	0.23%	0.03%
CLH	C	0.07%	0.32%	0.07%
CMC	D	0.14%	0.16%	0.14%
CNM	F	0.41%	0.23%	0.23%
CNO	C	0.15%	0.1%	0.1%
CNX	A	0.05%	0.12%	0.05%
COKE	C	0.25%	0.2%	0.2%
COTY	F	0.07%	0.09%	0.07%
CR	B	0.34%	0.2%	0.2%
CROX	C	0.29%	0.23%	0.23%
CRUS	D	0.14%	0.17%	0.14%
CSL	A	0.42%	0.54%	0.42%
CUBE	C	0.13%	0.31%	0.13%
CUZ	C	0.08%	0.12%	0.08%
CVLT	C	0.07%	0.17%	0.07%
CW	A	0.21%	0.33%	0.21%
CXT	F	0.09%	0.07%	0.07%
CYTK	D	0.11%	0.16%	0.11%
DCI	C	0.18%	0.23%	0.18%
DINO	D	0.01%	0.19%	0.01%
DKS	D	0.42%	0.33%	0.33%
DOCS	A	0.13%	0.14%	0.13%
DTM	A	0.16%	0.2%	0.16%
DUOL	B	0.4%	0.27%	0.27%
EEFT	F	0.09%	0.11%	0.09%
EGP	D	0.1%	0.24%	0.1%
EHC	B	0.05%	0.26%	0.05%
ELF	F	0.19%	0.16%	0.16%
EME	C	0.84%	0.52%	0.52%
ENS	D	0.04%	0.11%	0.04%
EPR	C	0.02%	0.1%	0.02%
ESAB	C	0.16%	0.16%	0.16%
EVR	C	0.72%	0.24%	0.24%
EWBC	D	0.32%	0.29%	0.29%
EXEL	B	0.19%	0.2%	0.19%
EXLS	A	0.2%	0.16%	0.16%
EXPO	A	0.11%	0.15%	0.11%
FAF	C	0.17%	0.17%	0.17%
FCN	C	0.04%	0.21%	0.04%
FFIN	D	0.04%	0.12%	0.04%
FHI	C	0.1%	0.08%	0.08%
FHN	D	0.04%	0.22%	0.04%
FIX	B	0.41%	0.37%	0.37%
FLO	D	0.07%	0.12%	0.07%
FLR	C	0.08%	0.21%	0.08%
FN	B	0.06%	0.22%	0.06%
FR	D	0.35%	0.19%	0.19%
FYBR	C	0.14%	0.21%	0.14%
GAP	F	0.23%	0.12%	0.12%
GATX	F	0.13%	0.12%	0.12%
GEF	D	0.01%	0.04%	0.01%
GGG	C	0.31%	0.38%	0.31%
GLPI	A	0.2%	0.36%	0.2%
GME	D	0.14%	0.23%	0.14%
GMED	D	0.02%	0.21%	0.02%
GPK	D	0.28%	0.23%	0.23%
HAE	D	0.19%	0.1%	0.1%
HALO	C	0.27%	0.19%	0.19%
HLI	B	0.16%	0.22%	0.16%
HOG	D	0.19%	0.12%	0.12%
HQY	C	0.01%	0.18%	0.01%
HRB	C	0.45%	0.23%	0.23%
HWC	D	0.07%	0.12%	0.07%
HXL	F	0.01%	0.13%	0.01%
IBKR	A	0.37%	0.39%	0.37%
IBOC	D	0.09%	0.08%	0.08%
IDA	D	0.43%	0.14%	0.14%
ITT	C	0.32%	0.32%	0.32%
JEF	A	0.34%	0.26%	0.26%
JHG	B	0.27%	0.13%	0.13%
KBR	B	0.13%	0.22%	0.13%
KD	F	0.05%	0.14%	0.05%
KNF	C	0.07%	0.13%	0.07%
KNSL	C	0.18%	0.26%	0.18%
KRC	C	0.13%	0.11%	0.11%
KRG	C	0.17%	0.15%	0.15%
LAMR	C	0.36%	0.3%	0.3%
LANC	F	0.02%	0.09%	0.02%
LECO	F	0.05%	0.29%	0.05%
LFUS	D	0.06%	0.17%	0.06%
LIVN	B	0.21%	0.07%	0.07%
LNTH	C	0.24%	0.19%	0.19%
LNW	F	0.18%	0.22%	0.18%
LPX	C	0.41%	0.17%	0.17%
LSCC	D	0.25%	0.2%	0.2%
LSTR	F	0.1%	0.17%	0.1%
M	F	0.19%	0.11%	0.11%
MAN	D	0.05%	0.09%	0.05%
MANH	C	0.53%	0.45%	0.45%
MASI	B	0.07%	0.15%	0.07%
MAT	D	0.12%	0.17%	0.12%
MDU	C	0.06%	0.15%	0.06%
MEDP	F	0.4%	0.22%	0.22%
MIDD	D	0.09%	0.2%	0.09%
MKSI	F	0.08%	0.2%	0.08%
MMS	C	0.05%	0.14%	0.05%
MSA	F	0.02%	0.18%	0.02%
MSM	D	0.02%	0.1%	0.02%
MTG	B	0.1%	0.17%	0.1%
MTN	D	0.09%	0.18%	0.09%
MTSI	C	0.08%	0.17%	0.08%
MUR	F	0.2%	0.12%	0.12%
NFG	A	0.13%	0.14%	0.13%
NJR	C	0.15%	0.12%	0.12%
NNN	A	0.12%	0.23%	0.12%
NOV	F	0.13%	0.16%	0.13%
NOVT	D	0.15%	0.17%	0.15%
NSP	F	0.14%	0.08%	0.08%
NVST	D	0.06%	0.09%	0.06%
NVT	D	0.5%	0.31%	0.31%
NXST	F	0.08%	0.13%	0.08%
NYT	C	0.13%	0.24%	0.13%
OC	C	0.17%	0.4%	0.17%
OGE	A	0.13%	0.21%	0.13%
OGS	C	0.14%	0.11%	0.11%
OHI	C	0.1%	0.27%	0.1%
OLED	C	0.05%	0.24%	0.05%
OLN	C	0.12%	0.15%	0.12%
ONTO	C	0.21%	0.29%	0.21%
OPCH	F	0.11%	0.14%	0.11%
ORI	B	0.41%	0.22%	0.22%
OVV	D	0.22%	0.26%	0.22%
OZK	D	0.07%	0.11%	0.07%
PBF	F	0.02%	0.08%	0.02%
PCH	C	0.01%	0.08%	0.01%
PCTY	B	0.12%	0.18%	0.12%
PEN	D	0.06%	0.19%	0.06%
PII	D	0.02%	0.12%	0.02%
PK	D	0.06%	0.08%	0.06%
PLNT	B	0.08%	0.18%	0.08%
PNFP	D	0.08%	0.19%	0.08%
PNM	B	0.11%	0.1%	0.1%
POR	D	0.07%	0.13%	0.07%
POWI	F	0.01%	0.09%	0.01%
PR	D	0.02%	0.22%	0.02%
PRGO	F	0.04%	0.09%	0.04%
PRI	A	0.26%	0.24%	0.24%
PSTG	F	0.3%	0.41%	0.3%
PVH	F	0.17%	0.14%	0.14%
QLYS	F	0.12%	0.12%	0.12%
R	C	0.26%	0.16%	0.16%
RGEN	F	0.08%	0.2%	0.08%
RGLD	C	0.14%	0.25%	0.14%
RLI	A	0.03%	0.17%	0.03%
RMBS	F	0.2%	0.12%	0.12%
RNR	A	0.23%	0.37%	0.23%
RPM	B	0.21%	0.42%	0.21%
RRC	C	0.19%	0.19%	0.19%
RRX	C	0.2%	0.29%	0.2%
RS	D	0.48%	0.42%	0.42%
RYAN	A	0.13%	0.18%	0.13%
RYN	C	0.07%	0.11%	0.07%
SAIA	D	0.1%	0.3%	0.1%
SCI	D	0.14%	0.3%	0.14%
SF	A	0.15%	0.25%	0.15%
SFM	A	0.48%	0.28%	0.28%
SLAB	D	0.04%	0.1%	0.04%
SLG	C	0.46%	0.0%	0.0%
SLM	C	0.16%	0.13%	0.13%
SMG	B	0.23%	0.09%	0.09%
SNV	D	0.04%	0.16%	0.04%
SON	D	0.11%	0.14%	0.11%
SR	C	0.12%	0.1%	0.1%
SRPT	F	0.23%	0.31%	0.23%
SSB	C	0.01%	0.19%	0.01%
SSD	B	0.16%	0.21%	0.16%
STAG	D	0.04%	0.19%	0.04%
STWD	C	0.06%	0.17%	0.06%
SWN	D	0.1%	0.2%	0.1%
SWX	C	0.01%	0.12%	0.01%
SYNA	F	0.11%	0.08%	0.08%
TCBI	C	0.03%	0.09%	0.03%
TDC	D	0.01%	0.08%	0.01%
TEX	F	0.19%	0.09%	0.09%
THC	D	0.33%	0.41%	0.33%
THO	C	0.13%	0.15%	0.13%
TKR	D	0.2%	0.14%	0.14%
TMHC	C	0.1%	0.19%	0.1%
TNL	C	0.15%	0.08%	0.08%
TOL	A	0.17%	0.4%	0.17%
TPX	C	0.25%	0.25%	0.25%
TREX	D	0.24%	0.19%	0.19%
TTC	D	0.16%	0.23%	0.16%
TTEK	A	0.34%	0.33%	0.33%
TXRH	C	0.07%	0.31%	0.07%
UA	B	0.14%	0.03%	0.03%
UFPI	C	0.24%	0.21%	0.21%
UGI	C	0.11%	0.14%	0.11%
UMBF	C	0.12%	0.12%	0.12%
UNM	A	0.0%	0.26%	0.0%
USFD	C	0.17%	0.4%	0.17%
UTHR	C	0.37%	0.42%	0.37%
VAC	D	0.06%	0.06%	0.06%
VAL	F	0.01%	0.09%	0.01%
VC	F	0.08%	0.07%	0.07%
VMI	B	0.13%	0.15%	0.13%
VNO	B	0.4%	0.17%	0.17%
VNT	F	0.05%	0.13%	0.05%
VOYA	A	0.17%	0.2%	0.17%
VSH	F	0.11%	0.05%	0.05%
WAL	C	0.1%	0.24%	0.1%
WBS	D	0.04%	0.21%	0.04%
WCC	D	0.17%	0.2%	0.17%
WEN	D	0.12%	0.08%	0.08%
WEX	C	0.11%	0.22%	0.11%
WFRD	F	0.37%	0.16%	0.16%
WH	C	0.11%	0.17%	0.11%
WING	C	0.47%	0.33%	0.33%
WMS	D	0.13%	0.29%	0.13%
WSM	B	0.52%	0.51%	0.51%
WSO	C	0.31%	0.45%	0.31%
WTFC	C	0.02%	0.19%	0.02%
WTS	C	0.13%	0.15%	0.13%
X	F	0.1%	0.21%	0.1%
XPO	F	0.13%	0.34%	0.13%
XRAY	D	0.31%	0.14%	0.14%
YETI	D	0.09%	0.09%	0.09%
ZION	D	0.2%	0.18%	0.18%

SMLF Overweight 549 Positions Relative to MVV

Symbol	Grade	Weight
APP	A	0.7%
DECK	B	0.68%
BPOP	D	0.57%
JBL	D	0.55%
NTNX	C	0.5%
ALSN	A	0.48%
AXON	A	0.45%
MLI	B	0.41%
MSTR	B	0.41%
IOT	C	0.4%
COOP	B	0.4%
COCO	C	0.39%
PCOR	D	0.38%
LBRDA	B	0.37%
NTRA	B	0.35%
CVNA	A	0.34%
GTLB	D	0.34%
VGR	B	0.33%
SOLV	C	0.33%
CAVA	C	0.32%
MAC	C	0.31%
WK	D	0.31%
SN	A	0.3%
PIPR	B	0.3%
DDS	D	0.3%
ALKS	B	0.3%
SPXC	C	0.3%
POWL	B	0.29%
MOD	B	0.29%
OFG	D	0.29%
FLEX	C	0.29%
YOU	C	0.29%
SIG	D	0.28%
SMAR	A	0.27%
ENTG	D	0.27%
TPR	C	0.26%
IMKTA	F	0.26%
HSII	D	0.26%
LBTYA	A	0.26%
FCNCA	D	0.25%
APA	F	0.25%
CORT	B	0.25%
HURN	D	0.24%
STRL	C	0.24%
AGO	B	0.24%
XRX	D	0.23%
BCC	C	0.23%
ETSY	F	0.23%
HAS	A	0.23%
JOE	D	0.23%
W	D	0.23%
INTA	C	0.23%
SKT	A	0.23%
ESTC	F	0.23%
AXSM	C	0.22%
AZPN	B	0.22%
DNLI	C	0.22%
BBWI	F	0.22%
CPRX	C	0.22%
JBSS	F	0.21%
FBP	D	0.21%
GPI	C	0.21%
ATKR	F	0.2%
HIW	C	0.2%
SANM	D	0.2%
NAVI	F	0.2%
AGNC	C	0.19%
GES	F	0.19%
TPG	B	0.19%
MATX	C	0.19%
NDSN	C	0.19%
TDOC	D	0.18%
CWEN	C	0.18%
FROG	F	0.18%
WS	D	0.18%
KFRC	F	0.18%
BRC	C	0.18%
PRG	C	0.18%
LUMN	C	0.18%
PRGS	B	0.18%
PDM	C	0.18%
ALLE	A	0.17%
AIZ	B	0.17%
ATI	C	0.17%
RNG	D	0.17%
PI	B	0.17%
VCYT	C	0.17%
PGRE	D	0.17%
EXTR	C	0.17%
ACLS	F	0.17%
CVCO	B	0.16%
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%
RHI	D	0.16%
TPH	C	0.16%
SQSP	A	0.16%
BMI	A	0.16%
AMR	F	0.15%
WTM	C	0.15%
OMF	F	0.15%
RL	B	0.15%
ABG	F	0.15%
AY	B	0.15%
ONON	C	0.15%
KIM	C	0.15%
SPT	F	0.15%
IVT	B	0.15%
ACLX	C	0.15%
GH	F	0.15%
NUVL	B	0.15%
ESI	C	0.15%
TNET	F	0.14%
ODP	F	0.14%
BSY	D	0.14%
MMSI	C	0.14%
LRN	C	0.14%
BL	C	0.14%
INSP	C	0.14%
SBGI	B	0.14%
SRCE	D	0.14%
ENSG	D	0.14%
SPSC	F	0.13%
HOV	D	0.13%
BRZE	F	0.13%
YEXT	C	0.13%
VECO	F	0.13%
VSTO	B	0.13%
BPMC	F	0.13%
GNRC	B	0.13%
GOLF	F	0.13%
SSTK	F	0.13%
FTAI	B	0.13%
IPAR	D	0.13%
HUN	C	0.13%
MFA	C	0.13%
XNCR	D	0.13%
GFF	C	0.12%
BKE	D	0.12%
VRNS	C	0.12%
ALX	D	0.12%
SFBS	D	0.12%
KAI	C	0.12%
LILA	D	0.12%
BANF	D	0.12%
AWR	A	0.12%
BCRX	D	0.12%
ACCO	C	0.12%
WAFD	D	0.12%
DFIN	D	0.12%
PTEN	F	0.11%
NTCT	C	0.11%
KLIC	C	0.11%
ACAD	F	0.11%
EXPI	C	0.11%
CMPR	F	0.11%
AROC	B	0.11%
BAND	F	0.11%
PARA	F	0.11%
INSM	D	0.11%
ICFI	C	0.11%
PCVX	C	0.11%
COUR	F	0.11%
OSCR	C	0.11%
HTH	F	0.11%
NSSC	F	0.1%
MTRN	F	0.1%
AAN	B	0.1%
UPBD	F	0.1%
CARG	C	0.1%
KSS	D	0.1%
INVA	B	0.1%
BASE	F	0.1%
WSC	D	0.1%
APOG	C	0.1%
NYCB	D	0.1%
KW	B	0.1%
MATV	F	0.1%
IVZ	B	0.1%
LAZ	C	0.1%
OII	C	0.1%
VMEO	C	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
APG	F	0.09%
MPW	C	0.09%
CACC	F	0.09%
LBTYK	A	0.09%
HASI	B	0.09%
NSIT	B	0.09%
BECN	D	0.09%
ALIT	D	0.09%
JACK	F	0.09%
DNOW	F	0.09%
HP	F	0.09%
CRC	B	0.09%
SITC	D	0.09%
CAL	F	0.09%
ACA	C	0.09%
CRS	C	0.09%
PLUS	C	0.09%
HIMS	C	0.09%
MCB	B	0.09%
AGM	F	0.09%
LYFT	D	0.08%
TENB	F	0.08%
HI	F	0.08%
ASO	D	0.08%
AMPH	C	0.08%
LZ	D	0.08%
GMS	C	0.08%
CRDO	B	0.08%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
FLNC	C	0.08%
PD	F	0.08%
LGND	D	0.08%
PBH	D	0.08%
ILPT	D	0.08%
ATEN	B	0.08%
CSWI	C	0.08%
DVAX	D	0.08%
PHIN	C	0.08%
BOX	C	0.08%
SCS	F	0.08%
KN	D	0.08%
CUBI	F	0.08%
VFC	B	0.08%
VERA	C	0.08%
MDGL	F	0.08%
TGNA	C	0.08%
ELAN	D	0.08%
WOR	F	0.08%
MRC	D	0.08%
ADEA	C	0.07%
CEIX	B	0.07%
OXM	F	0.07%
TNC	F	0.07%
SNEX	C	0.07%
BLMN	F	0.07%
OTTR	F	0.07%
GCO	F	0.07%
PEGA	C	0.07%
AZEK	C	0.07%
UVV	D	0.07%
EIG	C	0.07%
ANAB	D	0.07%
WLY	A	0.07%
SANA	F	0.07%
SM	C	0.07%
ANGI	D	0.07%
HE	F	0.07%
EQC	D	0.07%
HOUS	D	0.07%
GKOS	C	0.07%
DH	F	0.07%
FHB	D	0.07%
DLX	F	0.07%
RIG	F	0.07%
CXW	F	0.07%
AIV	D	0.07%
VIR	F	0.07%
CNMD	D	0.07%
VKTX	B	0.07%
SFL	C	0.07%
NTB	D	0.07%
MED	F	0.07%
UNIT	B	0.07%
WYNN	B	0.07%
IDCC	A	0.07%
HEES	D	0.07%
GPMT	D	0.06%
TRN	C	0.06%
MERC	D	0.06%
WBA	F	0.06%
YELP	F	0.06%
APLS	F	0.06%
CENTA	F	0.06%
AGX	A	0.06%
HCC	B	0.06%
FIVN	F	0.06%
NXT	F	0.06%
OMI	F	0.06%
AMLX	D	0.06%
AMN	F	0.06%
GEO	D	0.06%
HWKN	C	0.06%
AEO	C	0.06%
NBR	D	0.06%
LADR	D	0.06%
DOMO	F	0.06%
AMRX	B	0.06%
ADMA	C	0.06%
NARI	F	0.06%
AMPL	D	0.06%
EPAC	C	0.06%
AVDX	F	0.05%
ITGR	C	0.05%
PFSI	C	0.05%
RCUS	F	0.05%
ITRI	C	0.05%
BKD	F	0.05%
ASAN	F	0.05%
BCPC	C	0.05%
ACI	F	0.05%
AVAV	B	0.05%
BEAM	F	0.05%
AMBC	F	0.05%
CTBI	D	0.05%
CERS	F	0.05%
NHI	C	0.05%
RKT	D	0.05%
WTTR	B	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
LPG	F	0.05%
S	D	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%
PATH	F	0.05%
WGO	D	0.05%
RUSHA	D	0.05%
FUN	F	0.05%
IBP	C	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	C	0.04%
ACCD	F	0.04%
OPI	F	0.04%
QDEL	D	0.04%
DIN	D	0.04%
TARS	B	0.04%
TILE	D	0.04%
TDS	B	0.04%
CGEM	F	0.04%
SOFI	C	0.04%
SAH	D	0.04%
ARRY	F	0.04%
CFFN	F	0.04%
DAWN	D	0.04%
AGYS	D	0.04%
OUT	C	0.04%
IVR	C	0.04%
RDFN	C	0.04%
AGS	B	0.04%
HSTM	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%
HLF	F	0.04%
KREF	C	0.04%
KLG	D	0.04%
ROKU	B	0.04%
IOSP	F	0.04%
CVI	D	0.04%
SONO	D	0.04%
GIII	D	0.03%
WD	C	0.03%
QRTEA	F	0.03%
RYI	F	0.03%
MOG.A	C	0.03%
ARCB	F	0.03%
TSE	B	0.03%
ALRM	F	0.03%
DAN	D	0.03%
VNDA	F	0.03%
OFIX	D	0.03%
ATRC	C	0.03%
NX	F	0.03%
DNB	D	0.03%
VIRT	B	0.03%
MGNI	D	0.03%
ARCH	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	0.03%
BILL	D	0.03%
EVTC	C	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	C	0.03%
PDCO	F	0.03%
BRSP	D	0.03%
UDMY	F	0.03%
CHWY	C	0.03%
TLRY	F	0.03%
TPB	C	0.03%
DBI	F	0.03%
XHR	C	0.03%
HNI	C	0.03%
FLYW	F	0.03%
IDT	C	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	D	0.03%
CDP	A	0.03%
UVE	C	0.03%
PRO	F	0.02%
ERAS	D	0.02%
OSUR	F	0.02%
NTLA	F	0.02%
OSIS	C	0.02%
SHO	D	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
BMBL	F	0.02%
SLVM	C	0.02%
WOOF	A	0.02%
HMST	B	0.02%
OLPX	B	0.02%
NWL	F	0.02%
KFY	C	0.02%
HAIN	B	0.02%
VSTS	D	0.02%
BRY	F	0.02%
MTW	F	0.02%
EDR	A	0.02%
LMAT	C	0.02%
GPRO	F	0.02%
DYN	D	0.02%
EVRI	A	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%
FSS	D	0.02%
AKRO	C	0.02%
CNDT	B	0.02%
TGTX	D	0.02%
DY	C	0.02%
JANX	C	0.02%
SUPN	D	0.02%
CRSP	F	0.02%
ALHC	C	0.02%
VCEL	F	0.02%
VIAV	B	0.02%
SAFE	C	0.02%
IESC	A	0.02%
USNA	F	0.02%
AMCX	F	0.02%
CWK	C	0.01%
SFIX	F	0.01%
RBRK	D	0.01%
JOBY	B	0.01%
ZUO	F	0.01%
MITK	F	0.01%
PGEN	F	0.01%
AIN	F	0.01%
TTGT	F	0.01%
SWI	C	0.01%
ARR	D	0.01%
OMER	F	0.01%
BIGC	F	0.01%
GO	F	0.01%
CRAI	B	0.01%
EPC	F	0.01%
PEB	D	0.01%
FLWS	F	0.01%
OIS	F	0.01%
ENVA	C	0.01%
JAMF	F	0.01%
CAKE	B	0.01%
UTL	D	0.01%
UPWK	D	0.01%
WTI	C	0.01%
MBC	C	0.01%
VRE	C	0.01%
NWN	D	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%
HCAT	D	0.01%
SWTX	F	0.01%
AXS	A	0.01%
ENR	B	0.01%
STGW	B	0.01%
MLAB	B	0.01%
ALAB	C	0.01%
GWRE	A	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	D	0.01%
RXT	C	0.01%
HYFM	D	0.0%
CHCO	D	0.0%
BFH	D	0.0%
MC	C	0.0%
SEE	D	0.0%
EGBN	B	0.0%
GDOT	D	0.0%
NBTB	D	0.0%
HPP	F	0.0%
CVBF	B	0.0%
RDN	D	0.0%
FULT	D	0.0%
BOH	D	0.0%
JXN	A	0.0%
TRMK	D	0.0%
DEI	A	0.0%
GNW	C	0.0%
PFBC	D	0.0%
BDN	A	0.0%
CASH	D	0.0%
TBBK	B	0.0%
CMA	C	0.0%
AX	D	0.0%
PRDO	D	0.0%
BKU	D	0.0%

SMLF Underweight 125 Positions Relative to MVV

Symbol	Grade	Weight
ILMN	B	-0.55%
LII	C	-0.52%
AVTR	D	-0.46%
BURL	D	-0.45%
TPL	A	-0.43%
DT	B	-0.41%
FNF	B	-0.41%
RBA	D	-0.39%
RGA	C	-0.38%
COHR	A	-0.37%
WPC	C	-0.36%
ELS	D	-0.35%
BMRN	F	-0.35%
EQH	C	-0.35%
JLL	C	-0.34%
FND	C	-0.34%
PFGC	A	-0.32%
NBIX	F	-0.31%
CCK	C	-0.3%
REXR	D	-0.29%
WWD	C	-0.27%
ATR	A	-0.27%
AFG	B	-0.26%
CNH	D	-0.26%
ARMK	B	-0.26%
ALLY	F	-0.25%
EXP	B	-0.25%
WTRG	D	-0.25%
SNX	D	-0.24%
SKX	D	-0.24%
MUSA	D	-0.24%
RBC	C	-0.23%
INGR	B	-0.23%
CG	B	-0.23%
LAD	C	-0.22%
KNX	D	-0.22%
MORN	C	-0.22%
TKO	A	-0.21%
ADC	B	-0.2%
MTZ	B	-0.2%
AAL	D	-0.2%
H	C	-0.19%
KEX	C	-0.19%
GNTX	D	-0.19%
AAON	B	-0.19%
ESNT	C	-0.18%
HLNE	A	-0.18%
SEIC	B	-0.18%
PB	D	-0.18%
JAZZ	F	-0.18%
FLS	A	-0.18%
CGNX	F	-0.18%
SAIC	A	-0.18%
BIO	B	-0.17%
G	A	-0.17%
OSK	F	-0.17%
CLF	F	-0.16%
OLLI	C	-0.16%
KBH	C	-0.16%
GXO	D	-0.16%
LEA	F	-0.16%
SIGI	D	-0.15%
ALTR	C	-0.15%
SRCL	A	-0.15%
CADE	D	-0.15%
DAR	F	-0.15%
WHR	C	-0.15%
ONB	D	-0.15%
DBX	B	-0.15%
GTLS	F	-0.14%
FIVE	D	-0.14%
THG	C	-0.14%
COLB	C	-0.14%
VVV	F	-0.14%
POST	D	-0.14%
MTDR	F	-0.14%
ST	F	-0.14%
AVT	C	-0.13%
PSN	A	-0.13%
UBSI	D	-0.13%
HOMB	D	-0.13%
FNB	D	-0.13%
WLK	C	-0.13%
RH	C	-0.13%
GBCI	C	-0.13%
WMG	C	-0.12%
CIVI	F	-0.12%
DLB	C	-0.12%
CPRI	B	-0.12%
IRT	D	-0.12%
WU	D	-0.11%
LOPE	D	-0.11%
ORA	C	-0.11%
SLGN	C	-0.11%
NEU	F	-0.11%
SBRA	C	-0.11%
LITE	A	-0.11%
KMPR	D	-0.1%
ALE	A	-0.1%
VLY	C	-0.1%
NSA	C	-0.09%
NEOG	F	-0.09%
NWE	B	-0.09%
IRDM	B	-0.09%
AMKR	F	-0.09%
ZI	D	-0.08%
CHH	C	-0.08%
PAG	D	-0.08%
AMED	D	-0.08%
SHC	C	-0.07%
BHF	F	-0.07%
COLM	D	-0.07%
GHC	C	-0.07%
JWN	D	-0.06%
RCM	B	-0.06%
GT	F	-0.06%
AZTA	F	-0.06%
CRI	D	-0.06%
HGV	F	-0.06%
ENOV	F	-0.06%
CNXC	F	-0.06%
SAM	D	-0.06%
PPC	D	-0.05%
IPGP	D	-0.05%
UAA	B	-0.04%