SMLF vs. PSC ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Principal U.S. Small Cap Index ETF (PSC)

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

$66.13

Average Daily Volume

76,961

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

PSC

Principal U.S. Small Cap Index ETF

PSC Description

The Principal U.S. Small Cap Index ETF seeks to provide investment results that closely correspond, before expenses, to the performance of the NASDAQ U.S. Small Cap Select Leaders Index. The ETF employs a passive investment approach designed to track the performance of the Index.

Grade (RS Rating)

Last Trade

$51.56

Average Daily Volume

23,397

Number of Holdings ^*

479

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	PSC
30 Days	4.99%	4.21%
60 Days	10.44%	8.89%
90 Days	9.91%	8.53%
12 Months	33.05%	30.27%

199 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in PSC	Overlap
ACAD	F	0.11%	0.28%	0.11%
ACLS	F	0.17%	0.44%	0.17%
ADMA	A	0.06%	0.27%	0.06%
AEO	C	0.06%	0.54%	0.06%
AGM	D	0.09%	0.17%	0.09%
AGS	A	0.04%	0.03%	0.03%
AGX	A	0.06%	0.19%	0.06%
AGYS	D	0.04%	0.17%	0.04%
AIT	B	0.11%	0.64%	0.11%
ALKS	B	0.3%	0.41%	0.3%
ALRM	F	0.03%	0.17%	0.03%
ALX	D	0.12%	0.03%	0.03%
AMCX	F	0.02%	0.02%	0.02%
AMN	F	0.06%	0.3%	0.06%
AMPH	C	0.08%	0.16%	0.08%
AMRX	B	0.06%	0.09%	0.06%
ANF	D	0.32%	0.6%	0.32%
APOG	B	0.1%	0.11%	0.1%
AROC	B	0.11%	0.17%	0.11%
ASGN	D	0.01%	0.23%	0.01%
ATEN	B	0.08%	0.09%	0.08%
ATKR	F	0.2%	0.58%	0.2%
AX	D	0.0%	0.62%	0.0%
BANF	D	0.12%	0.13%	0.12%
BCC	C	0.23%	0.41%	0.23%
BCO	C	0.08%	0.37%	0.08%
BCPC	C	0.05%	0.15%	0.05%
BDC	A	0.09%	0.22%	0.09%
BKD	F	0.05%	0.12%	0.05%
BKE	B	0.12%	0.09%	0.09%
BKH	C	0.01%	0.39%	0.01%
BL	D	0.14%	0.37%	0.14%
BLKB	C	0.13%	0.11%	0.11%
BMBL	F	0.02%	0.13%	0.02%
BMI	A	0.16%	0.23%	0.16%
BOX	C	0.08%	0.36%	0.08%
CAKE	A	0.01%	0.21%	0.01%
CAL	F	0.09%	0.09%	0.09%
CARG	C	0.1%	0.16%	0.1%
CBT	B	0.13%	0.33%	0.13%
CEIX	B	0.07%	0.24%	0.07%
CENTA	F	0.06%	0.07%	0.06%
CHCO	D	0.0%	0.11%	0.0%
CHX	C	0.12%	0.35%	0.12%
CMC	D	0.14%	0.39%	0.14%
CNMD	F	0.07%	0.3%	0.07%
CNO	B	0.15%	0.41%	0.15%
CNX	A	0.05%	0.52%	0.05%
COOP	B	0.4%	0.64%	0.4%
CORT	B	0.25%	0.38%	0.25%
CPRX	C	0.22%	0.14%	0.14%
CRAI	B	0.01%	0.1%	0.01%
CRS	B	0.09%	0.76%	0.09%
CSWI	A	0.08%	0.35%	0.08%
CVCO	C	0.16%	0.15%	0.15%
CVLT	B	0.07%	0.39%	0.07%
CWK	D	0.01%	0.3%	0.01%
DH	F	0.07%	0.02%	0.02%
DOCN	B	0.02%	0.35%	0.02%
DY	C	0.02%	0.53%	0.02%
ENR	B	0.01%	0.13%	0.01%
ENS	B	0.04%	0.32%	0.04%
ENSG	D	0.14%	0.39%	0.14%
ENVA	B	0.01%	0.26%	0.01%
EPAC	A	0.06%	0.13%	0.06%
EPC	F	0.01%	0.11%	0.01%
EVH	D	0.04%	0.21%	0.04%
EXLS	B	0.2%	0.34%	0.2%
EXPO	A	0.11%	0.22%	0.11%
FBP	B	0.21%	0.39%	0.21%
FN	B	0.06%	0.62%	0.06%
FSS	D	0.02%	0.32%	0.02%
FULT	D	0.0%	0.41%	0.0%
GEF	B	0.01%	0.09%	0.01%
GFF	C	0.12%	0.33%	0.12%
GIII	C	0.03%	0.11%	0.03%
GMS	B	0.08%	0.35%	0.08%
GOLF	F	0.13%	0.1%	0.1%
GPI	C	0.21%	0.23%	0.21%
HAE	F	0.19%	0.43%	0.19%
HALO	D	0.27%	0.61%	0.27%
HCC	C	0.06%	0.51%	0.06%
HELE	D	0.04%	0.16%	0.04%
HIMS	C	0.09%	0.74%	0.09%
HNI	B	0.03%	0.13%	0.03%
HOV	D	0.13%	0.06%	0.06%
HQY	B	0.01%	0.47%	0.01%
HSII	D	0.26%	0.07%	0.07%
HSTM	B	0.04%	0.04%	0.04%
HWKN	B	0.06%	0.11%	0.06%
IBOC	D	0.09%	0.23%	0.09%
IBP	C	0.05%	0.46%	0.05%
ICFI	C	0.11%	0.17%	0.11%
IDCC	A	0.07%	0.38%	0.07%
IDT	C	0.03%	0.03%	0.03%
IESC	A	0.02%	0.2%	0.02%
INVA	B	0.1%	0.08%	0.08%
IOSP	F	0.04%	0.12%	0.04%
IRWD	F	0.02%	0.04%	0.02%
ITGR	B	0.05%	0.32%	0.05%
ITRI	C	0.05%	0.48%	0.05%
JXN	A	0.0%	0.73%	0.0%
KAI	C	0.12%	0.27%	0.12%
KALU	D	0.01%	0.1%	0.01%
KFY	C	0.02%	0.26%	0.02%
KNF	B	0.07%	0.27%	0.07%
LANC	F	0.02%	0.17%	0.02%
LGND	C	0.08%	0.11%	0.08%
LILA	B	0.12%	0.02%	0.02%
LIVN	C	0.21%	0.36%	0.21%
LMAT	A	0.02%	0.11%	0.02%
LNTH	C	0.24%	0.33%	0.24%
LPG	F	0.05%	0.14%	0.05%
LRN	D	0.14%	0.24%	0.14%
MATX	C	0.19%	0.38%	0.19%
MDXG	F	0.04%	0.04%	0.04%
MGNI	D	0.03%	0.2%	0.03%
MLAB	B	0.01%	0.04%	0.01%
MLI	B	0.41%	0.43%	0.41%
MMS	C	0.05%	0.33%	0.05%
MMSI	C	0.14%	0.37%	0.14%
MOD	B	0.29%	0.32%	0.29%
MOG.A	C	0.03%	0.33%	0.03%
NARI	F	0.06%	0.35%	0.06%
NHI	C	0.05%	0.15%	0.05%
NOVT	C	0.15%	0.17%	0.15%
NRC	F	0.04%	0.03%	0.03%
NSIT	B	0.09%	0.3%	0.09%
NSSC	F	0.1%	0.1%	0.1%
NTB	D	0.07%	0.14%	0.07%
OFG	D	0.29%	0.18%	0.18%
OGS	C	0.14%	0.46%	0.14%
OII	D	0.1%	0.11%	0.1%
OPCH	F	0.11%	0.37%	0.11%
OSIS	C	0.02%	0.1%	0.02%
OSUR	F	0.02%	0.04%	0.02%
OTTR	F	0.07%	0.23%	0.07%
PBH	D	0.08%	0.16%	0.08%
PFBC	D	0.0%	0.11%	0.0%
PHIN	D	0.08%	0.16%	0.08%
PI	A	0.17%	0.58%	0.17%
PLUS	B	0.09%	0.11%	0.09%
POWL	B	0.29%	0.24%	0.24%
PRDO	D	0.0%	0.06%	0.0%
PRGS	A	0.18%	0.18%	0.18%
QLYS	F	0.12%	0.42%	0.12%
RAMP	F	0.02%	0.17%	0.02%
REVG	D	0.03%	0.19%	0.03%
RHP	B	0.01%	0.59%	0.01%
RMBS	F	0.2%	0.47%	0.2%
RPD	D	0.03%	0.24%	0.03%
SANM	D	0.2%	0.19%	0.19%
SFM	A	0.48%	0.77%	0.48%
SHO	B	0.02%	0.26%	0.02%
SKT	A	0.23%	0.27%	0.23%
SLVM	C	0.02%	0.17%	0.02%
SM	D	0.07%	0.43%	0.07%
SNEX	B	0.07%	0.2%	0.07%
SPSC	D	0.13%	0.25%	0.13%
SQSP	A	0.16%	0.3%	0.16%
SR	D	0.12%	0.37%	0.12%
SRCE	D	0.14%	0.09%	0.09%
SSTK	F	0.13%	0.15%	0.13%
STGW	B	0.01%	0.03%	0.01%
STRL	B	0.24%	0.5%	0.24%
SUPN	D	0.02%	0.12%	0.02%
SWI	B	0.01%	0.05%	0.01%
SWX	C	0.01%	0.41%	0.01%
TBBK	A	0.0%	0.51%	0.0%
TEX	F	0.19%	0.51%	0.19%
TGNA	B	0.08%	0.27%	0.08%
TGTX	D	0.02%	0.4%	0.02%
THR	F	0.05%	0.06%	0.05%
TILE	C	0.04%	0.08%	0.04%
TMHC	C	0.1%	0.31%	0.1%
TNC	F	0.07%	0.13%	0.07%
TPB	C	0.03%	0.03%	0.03%
TPH	C	0.16%	0.19%	0.16%
UFPI	C	0.24%	0.36%	0.24%
UMBF	C	0.12%	0.7%	0.12%
UNIT	B	0.07%	0.13%	0.07%
UTL	D	0.01%	0.05%	0.01%
UVE	C	0.03%	0.07%	0.03%
VC	F	0.08%	0.16%	0.08%
VCEL	F	0.02%	0.13%	0.02%
VCYT	C	0.17%	0.13%	0.13%
VECO	F	0.13%	0.22%	0.13%
VITL	C	0.04%	0.28%	0.04%
VMEO	C	0.1%	0.04%	0.04%
VRNS	B	0.12%	0.44%	0.12%
VSTO	B	0.13%	0.12%	0.12%
WAFD	D	0.12%	0.25%	0.12%
WGO	D	0.05%	0.19%	0.05%
WTS	C	0.13%	0.39%	0.13%
WTTR	B	0.05%	0.06%	0.05%
YELP	D	0.06%	0.21%	0.06%
YEXT	B	0.13%	0.05%	0.05%
YOU	C	0.29%	0.21%	0.21%
ZIP	D	0.05%	0.04%	0.04%

SMLF Overweight 616 Positions Relative to PSC

Symbol	Grade	Weight
EME	B	0.84%
EVR	C	0.72%
APP	A	0.7%
DECK	B	0.68%
BPOP	D	0.57%
JBL	C	0.55%
MANH	A	0.53%
WSM	C	0.52%
NTNX	C	0.5%
NVT	C	0.5%
RS	D	0.48%
ALSN	A	0.48%
WING	C	0.47%
SLG	C	0.46%
HRB	C	0.45%
AXON	A	0.45%
IDA	D	0.43%
CSL	A	0.42%
DKS	D	0.42%
LPX	C	0.41%
FIX	A	0.41%
ORI	A	0.41%
CNM	F	0.41%
MSTR	B	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	C	0.37%
WFRD	F	0.37%
UTHR	C	0.37%
LAMR	C	0.36%
FR	D	0.35%
NTRA	A	0.35%
CR	A	0.34%
CHE	D	0.34%
CVNA	A	0.34%
GTLB	D	0.34%
TTEK	A	0.34%
JEF	A	0.34%
VGR	B	0.33%
SOLV	C	0.33%
THC	D	0.33%
CAVA	B	0.32%
EWBC	B	0.32%
ITT	C	0.32%
AYI	A	0.31%
WSO	C	0.31%
MAC	B	0.31%
WK	D	0.31%
XRAY	D	0.31%
GGG	C	0.31%
SN	A	0.3%
PIPR	A	0.3%
DDS	D	0.3%
PSTG	F	0.3%
SPXC	A	0.3%
CROX	C	0.29%
FLEX	B	0.29%
SIG	C	0.28%
GPK	D	0.28%
SMAR	A	0.27%
JHG	A	0.27%
ENTG	D	0.27%
AN	D	0.27%
TPR	B	0.26%
PRI	A	0.26%
IMKTA	F	0.26%
CHK	C	0.26%
R	C	0.26%
AMH	D	0.26%
LBTYA	C	0.26%
FCNCA	D	0.25%
TPX	C	0.25%
APA	F	0.25%
COKE	C	0.25%
LSCC	D	0.25%
BLD	D	0.25%
HURN	D	0.24%
TREX	D	0.24%
AGO	B	0.24%
SMG	C	0.23%
XRX	D	0.23%
AMG	B	0.23%
ETSY	F	0.23%
RNR	A	0.23%
GAP	F	0.23%
HAS	A	0.23%
JOE	D	0.23%
W	C	0.23%
INTA	C	0.23%
SRPT	F	0.23%
ESTC	F	0.23%
ARW	C	0.22%
AXSM	D	0.22%
AZPN	A	0.22%
DNLI	C	0.22%
BBWI	F	0.22%
AGCO	D	0.22%
OVV	D	0.22%
ONTO	B	0.21%
CBSH	D	0.21%
JBSS	F	0.21%
RPM	A	0.21%
AR	C	0.21%
CFR	B	0.21%
CW	A	0.21%
HIW	C	0.2%
GLPI	C	0.2%
TKR	B	0.2%
ZION	D	0.2%
RRX	B	0.2%
MUR	F	0.2%
NAVI	D	0.2%
AGNC	B	0.19%
GES	F	0.19%
RRC	D	0.19%
HOG	D	0.19%
TPG	A	0.19%
EXEL	B	0.19%
NDSN	C	0.19%
ELF	F	0.19%
BRKR	D	0.19%
AVNT	C	0.19%
M	D	0.19%
ACM	A	0.19%
LNW	F	0.18%
TDOC	D	0.18%
CWEN	C	0.18%
FROG	F	0.18%
WS	D	0.18%
KFRC	F	0.18%
BRC	C	0.18%
KNSL	B	0.18%
PRG	C	0.18%
LUMN	C	0.18%
PDM	C	0.18%
DCI	B	0.18%
ALLE	A	0.17%
AIZ	B	0.17%
VOYA	A	0.17%
ATI	C	0.17%
RNG	F	0.17%
OC	C	0.17%
PGRE	D	0.17%
PVH	D	0.17%
EXTR	D	0.17%
USFD	C	0.17%
TOL	C	0.17%
FAF	C	0.17%
WCC	D	0.17%
KRG	C	0.17%
TTC	F	0.16%
BJ	B	0.16%
SLM	B	0.16%
TOST	B	0.16%
SKY	C	0.16%
IGT	F	0.16%
ESAB	C	0.16%
HLI	A	0.16%
IONS	F	0.16%
PRKS	C	0.16%
SSD	B	0.16%
SPB	C	0.16%
MMYT	B	0.16%
SATS	C	0.16%
RHI	D	0.16%
DTM	A	0.16%
AMR	F	0.15%
WTM	C	0.15%
NJR	C	0.15%
OMF	D	0.15%
TNL	B	0.15%
RL	B	0.15%
SF	A	0.15%
ABG	D	0.15%
AY	C	0.15%
ONON	A	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	D	0.14%
ODP	F	0.14%
BSY	D	0.14%
NSP	F	0.14%
SCI	D	0.14%
GME	D	0.14%
UA	B	0.14%
CRUS	D	0.14%
RGLD	C	0.14%
INSP	C	0.14%
FYBR	C	0.14%
SBGI	A	0.14%
OGE	C	0.13%
BRZE	F	0.13%
KRC	C	0.13%
NOV	F	0.13%
BPMC	F	0.13%
GNRC	B	0.13%
NYT	C	0.13%
CUBE	C	0.13%
RYAN	A	0.13%
FTAI	A	0.13%
DOCS	A	0.13%
IPAR	D	0.13%
HUN	B	0.13%
MFA	C	0.13%
KBR	A	0.13%
THO	C	0.13%
NFG	A	0.13%
GATX	F	0.13%
XPO	F	0.13%
WMS	D	0.13%
VMI	B	0.13%
XNCR	D	0.13%
AA	B	0.13%
OLN	D	0.12%
BWXT	A	0.12%
PCTY	C	0.12%
SFBS	B	0.12%
NNN	C	0.12%
AWR	B	0.12%
BCRX	D	0.12%
MAT	B	0.12%
ACCO	C	0.12%
DFIN	B	0.12%
WEN	B	0.12%
PTEN	F	0.11%
NTCT	C	0.11%
KLIC	D	0.11%
VSH	F	0.11%
SON	D	0.11%
EXPI	C	0.11%
PNM	B	0.11%
CMPR	F	0.11%
WH	C	0.11%
BAND	C	0.11%
SYNA	F	0.11%
PARA	F	0.11%
CYTK	D	0.11%
UGI	C	0.11%
INSM	D	0.11%
BERY	C	0.11%
PCVX	C	0.11%
COUR	F	0.11%
OSCR	C	0.11%
WEX	C	0.11%
HTH	F	0.11%
MTRN	F	0.1%
AAN	B	0.1%
UPBD	F	0.1%
KSS	D	0.1%
SAIA	D	0.1%
OHI	C	0.1%
FHI	A	0.1%
BASE	F	0.1%
WSC	D	0.1%
BC	C	0.1%
MTG	A	0.1%
NYCB	D	0.1%
WAL	C	0.1%
KW	C	0.1%
MATV	F	0.1%
IVZ	A	0.1%
SWN	D	0.1%
X	F	0.1%
LSTR	F	0.1%
LAZ	C	0.1%
EGP	D	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
APG	F	0.09%
MPW	C	0.09%
CACC	F	0.09%
LBTYK	C	0.09%
HASI	B	0.09%
EEFT	F	0.09%
YETI	C	0.09%
BECN	D	0.09%
ALIT	D	0.09%
JACK	F	0.09%
DNOW	F	0.09%
HP	D	0.09%
CXT	F	0.09%
CRC	B	0.09%
SITC	D	0.09%
MIDD	D	0.09%
ACA	C	0.09%
MTN	D	0.09%
MCB	B	0.09%
CHDN	C	0.09%
LYFT	D	0.08%
TENB	D	0.08%
HI	F	0.08%
ASO	D	0.08%
LZ	D	0.08%
FLR	B	0.08%
CRDO	B	0.08%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
CAR	D	0.08%
FLNC	C	0.08%
PD	F	0.08%
NXST	D	0.08%
ILPT	D	0.08%
MTSI	B	0.08%
PNFP	B	0.08%
PLNT	B	0.08%
DVAX	F	0.08%
ASB	D	0.08%
MKSI	F	0.08%
SCS	D	0.08%
KN	B	0.08%
CUBI	F	0.08%
CUZ	C	0.08%
VFC	A	0.08%
VERA	C	0.08%
MDGL	F	0.08%
RGEN	F	0.08%
ELAN	D	0.08%
ASH	F	0.08%
WOR	F	0.08%
MRC	D	0.08%
ALV	F	0.08%
ADEA	B	0.07%
CLH	B	0.07%
OXM	F	0.07%
BLMN	F	0.07%
GCO	D	0.07%
TXRH	A	0.07%
APPF	C	0.07%
PEGA	B	0.07%
AZEK	D	0.07%
UVV	D	0.07%
EIG	A	0.07%
ANAB	D	0.07%
WLY	A	0.07%
SANA	F	0.07%
FLO	D	0.07%
HWC	D	0.07%
ANGI	D	0.07%
HE	F	0.07%
EQC	D	0.07%
HOUS	D	0.07%
GKOS	B	0.07%
FHB	D	0.07%
DLX	F	0.07%
RIG	F	0.07%
RYN	C	0.07%
MASI	B	0.07%
CXW	F	0.07%
AIV	D	0.07%
VIR	F	0.07%
VKTX	C	0.07%
SFL	D	0.07%
MED	F	0.07%
OZK	D	0.07%
ACHC	F	0.07%
WYNN	B	0.07%
COTY	F	0.07%
POR	D	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%
PEN	D	0.06%
CASY	D	0.06%
VAC	D	0.06%
LFUS	C	0.06%
FIVN	F	0.06%
NXT	F	0.06%
OMI	F	0.06%
AMLX	D	0.06%
MDU	C	0.06%
GEO	D	0.06%
NBR	D	0.06%
LADR	D	0.06%
DOMO	F	0.06%
CC	D	0.06%
AMPL	D	0.06%
STWD	C	0.06%
AVDX	F	0.05%
PFSI	C	0.05%
RCUS	D	0.05%
OLED	B	0.05%
MAN	D	0.05%
ASAN	F	0.05%
VNT	F	0.05%
ACI	F	0.05%
AVAV	B	0.05%
EHC	C	0.05%
BEAM	F	0.05%
AMBC	F	0.05%
CTBI	B	0.05%
CERS	F	0.05%
RKT	D	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
BRBR	A	0.05%
S	C	0.05%
LECO	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	D	0.05%
FUN	F	0.05%
SITE	D	0.05%
PZZA	D	0.05%
KD	D	0.05%
IRTC	F	0.05%
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%
TDS	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%
OUT	C	0.04%
IVR	C	0.04%
RDFN	C	0.04%
NATL	D	0.04%
SNBR	C	0.04%
SVC	D	0.04%
WBS	D	0.04%
AVXL	D	0.04%
FFIN	D	0.04%
HLF	F	0.04%
KREF	C	0.04%
STAG	D	0.04%
FCN	C	0.04%
KLG	F	0.04%
ROKU	C	0.04%
CVI	D	0.04%
SONO	F	0.04%
WD	C	0.03%
QRTEA	D	0.03%
RYI	D	0.03%
ARCB	F	0.03%
TSE	C	0.03%
DAN	D	0.03%
CIEN	A	0.03%
VNDA	F	0.03%
TCBI	B	0.03%
OFIX	D	0.03%
ATRC	C	0.03%
NX	F	0.03%
DNB	D	0.03%
VIRT	B	0.03%
ARCH	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	0.03%
BILL	D	0.03%
EVTC	D	0.03%
CHRD	F	0.03%
LTH	B	0.03%
RGNX	F	0.03%
EMBC	F	0.03%
SGH	D	0.03%
TWO	D	0.03%
JELD	D	0.03%
SWIM	B	0.03%
PDCO	F	0.03%
BRSP	D	0.03%
UDMY	F	0.03%
CHWY	C	0.03%
TLRY	F	0.03%
DBI	F	0.03%
XHR	A	0.03%
RLI	A	0.03%
FLYW	F	0.03%
BBIO	F	0.03%
QXO	F	0.03%
CORZ	C	0.03%
FL	F	0.03%
RVMD	B	0.03%
CNS	C	0.03%
CALX	C	0.03%
CDP	A	0.03%
ARWR	F	0.03%
PRO	F	0.02%
ERAS	D	0.02%
NTLA	F	0.02%
MSM	D	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
CACI	A	0.02%
WOOF	B	0.02%
HMST	B	0.02%
OLPX	C	0.02%
NWL	D	0.02%
WTFC	B	0.02%
HAIN	C	0.02%
PII	D	0.02%
VSTS	D	0.02%
BRY	F	0.02%
MTW	F	0.02%
EDR	A	0.02%
GPRO	F	0.02%
DYN	D	0.02%
MSA	F	0.02%
EVRI	A	0.02%
PR	D	0.02%
ARCT	D	0.02%
NUS	F	0.02%
RLJ	D	0.02%
PTCT	C	0.02%
AKRO	D	0.02%
EPR	C	0.02%
CNDT	B	0.02%
PBF	F	0.02%
JANX	C	0.02%
CRSP	F	0.02%
GMED	B	0.02%
ALHC	C	0.02%
VIAV	C	0.02%
AXTA	C	0.02%
SAFE	C	0.02%
USNA	F	0.02%
SFIX	F	0.01%
RBRK	D	0.01%
JOBY	C	0.01%
ZUO	F	0.01%
DINO	F	0.01%
MITK	F	0.01%
VAL	F	0.01%
PGEN	F	0.01%
AIN	F	0.01%
TTGT	F	0.01%
ARR	D	0.01%
OMER	F	0.01%
BIGC	F	0.01%
GO	F	0.01%
PCH	C	0.01%
PEB	D	0.01%
POWI	F	0.01%
FLWS	F	0.01%
OIS	D	0.01%
TDC	D	0.01%
ALGM	F	0.01%
JAMF	F	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	C	0.01%
SWTX	F	0.01%
AXS	A	0.01%
ALAB	C	0.01%
GWRE	A	0.01%
BYD	B	0.01%
UNFI	C	0.01%
XPRO	F	0.01%
NFBK	D	0.01%
MBLY	F	0.01%
NEXA	B	0.01%
AEIS	B	0.01%
RXT	C	0.01%
HXL	F	0.01%
SSB	C	0.01%
HYFM	D	0.0%
BFH	D	0.0%
MC	B	0.0%
SEE	C	0.0%
EGBN	C	0.0%
GDOT	C	0.0%
NBTB	D	0.0%
HPP	F	0.0%
CVBF	B	0.0%
RDN	D	0.0%
BOH	D	0.0%
TRMK	D	0.0%
UNM	A	0.0%
DEI	A	0.0%
GNW	A	0.0%
BDN	B	0.0%
CASH	C	0.0%
CMA	C	0.0%
BKU	D	0.0%

SMLF Underweight 280 Positions Relative to PSC

Symbol	Grade	Weight
HLNE	A	-0.74%
EAT	A	-0.72%
TMDX	D	-0.63%
BOOT	B	-0.62%
ONB	D	-0.6%
ESNT	A	-0.56%
IRT	D	-0.56%
ZETA	B	-0.54%
CTRE	C	-0.53%
EPRT	C	-0.53%
CNK	D	-0.53%
PAGS	F	-0.53%
KBH	D	-0.53%
TRNO	D	-0.5%
ALE	A	-0.46%
MTH	C	-0.46%
PJT	A	-0.44%
STNG	B	-0.42%
BGC	B	-0.42%
PRIM	A	-0.41%
TDW	F	-0.4%
ALTR	B	-0.39%
TNDM	D	-0.39%
NMIH	B	-0.38%
TWST	D	-0.37%
VCTR	A	-0.37%
SKYW	B	-0.36%
URBN	F	-0.36%
RDNT	C	-0.36%
ABCB	C	-0.35%
SUM	F	-0.33%
MGY	B	-0.33%
ICUI	B	-0.32%
ENV	C	-0.32%
VRRM	D	-0.32%
PAYO	A	-0.31%
NEOG	F	-0.31%
BLBD	D	-0.31%
CABO	F	-0.3%
QTWO	B	-0.3%
PTGX	C	-0.29%
AVA	D	-0.29%
PRFT	A	-0.28%
JBI	F	-0.27%
HCI	B	-0.27%
LBRT	D	-0.27%
CWAN	B	-0.27%
MWA	A	-0.27%
BNL	C	-0.26%
SKWD	A	-0.26%
WHD	A	-0.25%
IIPR	C	-0.25%
ABM	D	-0.25%
UE	C	-0.25%
STAA	D	-0.25%
IART	F	-0.24%
CBZ	F	-0.24%
VERX	B	-0.24%
PRCT	D	-0.24%
RXST	F	-0.24%
SMPL	D	-0.24%
CALM	A	-0.23%
PLMR	A	-0.23%
ROAD	C	-0.23%
RYTM	C	-0.22%
INMD	F	-0.22%
HTLF	B	-0.22%
PGNY	F	-0.22%
WT	D	-0.22%
ACIW	A	-0.22%
AXNX	A	-0.22%
TGLS	B	-0.22%
AKR	B	-0.22%
AZZ	B	-0.21%
WSFS	D	-0.21%
SEM	D	-0.21%
PRMW	B	-0.21%
PMT	B	-0.21%
GPOR	B	-0.21%
FUL	F	-0.2%
SGRY	C	-0.2%
KTB	C	-0.2%
MHO	C	-0.2%
INSW	B	-0.2%
CSTM	F	-0.19%
FTDR	B	-0.19%
SHOO	A	-0.19%
GRBK	C	-0.18%
FELE	C	-0.18%
SFNC	B	-0.18%
NBHC	D	-0.18%
MGEE	C	-0.18%
ATGE	D	-0.18%
NMRK	C	-0.17%
HMN	B	-0.17%
VRTS	D	-0.17%
SRDX	D	-0.17%
UFPT	D	-0.16%
ALG	F	-0.16%
FFBC	D	-0.16%
ADUS	D	-0.16%
WDFC	B	-0.16%
SMMT	D	-0.16%
KWR	F	-0.16%
REZI	D	-0.16%
RPAY	F	-0.16%
FCF	D	-0.15%
FRME	D	-0.15%
ESRT	C	-0.15%
LOB	B	-0.15%
HOPE	B	-0.15%
DHT	B	-0.15%
FCPT	C	-0.15%
LTC	D	-0.14%
MNKD	B	-0.14%
CENX	C	-0.14%
ROCK	D	-0.14%
COLL	A	-0.14%
SPNT	D	-0.13%
PATK	A	-0.13%
FOXF	F	-0.13%
AMWD	C	-0.13%
CMRE	C	-0.13%
ARDX	D	-0.12%
RSI	B	-0.12%
FBMS	D	-0.12%
HRMY	D	-0.12%
ARHS	F	-0.12%
LZB	D	-0.12%
KNTK	A	-0.12%
LMB	B	-0.12%
MTX	C	-0.12%
ACT	B	-0.12%
PRVA	F	-0.11%
AESI	B	-0.11%
ASTH	B	-0.11%
HLX	C	-0.11%
CXM	F	-0.11%
USPH	F	-0.11%
SXI	B	-0.11%
MLKN	F	-0.11%
ALKT	D	-0.11%
PLXS	A	-0.11%
TNK	C	-0.11%
BHE	C	-0.1%
WKC	A	-0.1%
BV	A	-0.1%
SXT	C	-0.1%
CSR	D	-0.1%
ANIP	F	-0.1%
CRVL	C	-0.1%
WABC	F	-0.1%
FBK	B	-0.1%
EFSC	D	-0.1%
CECO	D	-0.09%
UMH	D	-0.09%
DORM	C	-0.09%
CHEF	C	-0.09%
IMXI	F	-0.09%
STBA	D	-0.09%
PLAB	D	-0.09%
PSMT	A	-0.09%
CDRE	A	-0.09%
SBH	B	-0.09%
AMAL	B	-0.08%
BLFS	D	-0.08%
AHCO	D	-0.08%
PFC	D	-0.08%
ASC	D	-0.08%
GABC	D	-0.08%
CPF	C	-0.08%
QCRH	C	-0.08%
HY	D	-0.08%
FOR	D	-0.08%
OMCL	C	-0.08%
GHC	A	-0.08%
LILAK	D	-0.08%
AAT	C	-0.08%
STRA	F	-0.08%
BLX	B	-0.08%
DFH	C	-0.08%
DESP	C	-0.08%
BBSI	B	-0.08%
IMAX	D	-0.08%
NHC	D	-0.07%
IMMR	D	-0.07%
ORRF	C	-0.07%
NABL	F	-0.07%
AORT	B	-0.07%
PCRX	D	-0.07%
PEBO	F	-0.07%
MLR	B	-0.07%
OSBC	D	-0.07%
MD	B	-0.07%
FG	B	-0.07%
HFWA	D	-0.07%
TRNS	D	-0.07%
DXPE	C	-0.07%
DOLE	C	-0.07%
USLM	C	-0.07%
ANET	A	-0.07%
BY	D	-0.07%
METC	D	-0.06%
MCRI	B	-0.06%
SCVL	D	-0.06%
AHH	F	-0.06%
CSTL	B	-0.06%
PRM	C	-0.06%
NXRT	D	-0.06%
SEMR	C	-0.06%
OSW	B	-0.06%
GCI	B	-0.06%
WSR	C	-0.06%
EOLS	C	-0.06%
VREX	F	-0.06%
IBCP	D	-0.06%
HAFC	D	-0.06%
CDNA	B	-0.06%
CFB	D	-0.06%
SCSC	D	-0.06%
SB	C	-0.05%
CCB	B	-0.05%
AVNS	D	-0.05%
MBWM	D	-0.05%
GRC	B	-0.05%
SLP	F	-0.05%
UTI	F	-0.05%
GRND	D	-0.05%
CCRN	F	-0.05%
PNTG	C	-0.05%
KOP	F	-0.05%
REAX	D	-0.05%
SMLR	F	-0.05%
CTS	B	-0.05%
CENT	F	-0.04%
DAKT	D	-0.04%
EGY	D	-0.04%
GHM	D	-0.04%
USAP	C	-0.04%
TCMD	C	-0.04%
ZIMV	F	-0.04%
OSPN	D	-0.04%
DJCO	C	-0.04%
BELFB	A	-0.04%
SPNS	B	-0.04%
SMP	D	-0.04%
INOD	D	-0.04%
XERS	B	-0.04%
MEC	C	-0.04%
CNXN	C	-0.04%
WLDN	B	-0.04%
REX	D	-0.04%
MTUS	F	-0.04%
PUBM	F	-0.04%
EE	B	-0.03%
ADV	F	-0.03%
MCFT	F	-0.03%
NR	F	-0.03%
BVS	B	-0.03%
CBL	D	-0.03%
VIRC	D	-0.03%
HRTX	D	-0.03%
CSV	D	-0.03%
HROW	B	-0.03%
PTVE	D	-0.03%
GDYN	B	-0.03%
IRMD	B	-0.03%
UHT	D	-0.03%
PETQ	A	-0.03%
YMAB	C	-0.03%
TK	B	-0.03%
CTO	D	-0.03%
CMPO	B	-0.02%
SIGA	F	-0.02%
HCKT	D	-0.02%
APEI	F	-0.02%
AXGN	C	-0.02%
XPEL	D	-0.02%
EGHT	D	-0.01%
AEYE	C	-0.01%