SMLF vs. SCHV ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Schwab U.S. Large-Cap Value ETF (SCHV)

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

$65.18

Average Daily Volume

77,865

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

SCHV

Schwab U.S. Large-Cap Value ETF

SCHV Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "value" based on a number of factors. The index is a float-adjusted market capitalization weighted index.

Grade (RS Rating)

Last Trade

$79.57

Average Daily Volume

303,749

Number of Holdings ^*

509

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	SCHV
30 Days	1.12%	1.24%
60 Days	6.77%	7.13%
90 Days	8.22%	8.72%
12 Months	32.20%	29.64%

101 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in SCHV	Overlap
AA	B	0.13%	0.04%	0.04%
ACI	F	0.05%	0.03%	0.03%
ACM	C	0.19%	0.06%	0.06%
AGCO	D	0.22%	0.03%	0.03%
AGNC	C	0.19%	0.03%	0.03%
AIZ	A	0.17%	0.04%	0.04%
ALLE	A	0.17%	0.05%	0.05%
ALV	F	0.08%	0.03%	0.03%
AMH	D	0.26%	0.05%	0.05%
APA	F	0.25%	0.04%	0.04%
APG	F	0.09%	0.03%	0.03%
AR	B	0.21%	0.03%	0.03%
ARW	C	0.22%	0.03%	0.03%
AXTA	C	0.02%	0.03%	0.02%
AYI	A	0.31%	0.03%	0.03%
BBWI	F	0.22%	0.03%	0.03%
BERY	C	0.11%	0.03%	0.03%
BJ	D	0.16%	0.05%	0.05%
BRKR	D	0.19%	0.03%	0.03%
BSY	D	0.14%	0.03%	0.03%
CBSH	D	0.21%	0.03%	0.03%
CFR	D	0.21%	0.03%	0.03%
CHK	D	0.26%	0.04%	0.04%
CHRD	F	0.03%	0.03%	0.03%
CIEN	A	0.03%	0.04%	0.03%
CMA	C	0.0%	0.03%	0.0%
COTY	F	0.07%	0.01%	0.01%
CUBE	C	0.13%	0.05%	0.05%
CW	A	0.21%	0.05%	0.05%
DCI	B	0.18%	0.04%	0.04%
DINO	F	0.01%	0.03%	0.01%
DKS	D	0.42%	0.05%	0.05%
EGP	D	0.1%	0.04%	0.04%
EHC	B	0.05%	0.04%	0.04%
ELAN	D	0.08%	0.03%	0.03%
ENTG	D	0.27%	0.07%	0.07%
EWBC	D	0.32%	0.05%	0.05%
FHN	D	0.04%	0.03%	0.03%
FLEX	C	0.29%	0.06%	0.06%
GGG	B	0.31%	0.06%	0.06%
GLPI	A	0.2%	0.06%	0.06%
GME	F	0.14%	0.04%	0.04%
GWRE	A	0.01%	0.06%	0.01%
HAS	A	0.23%	0.04%	0.04%
ITT	B	0.32%	0.05%	0.05%
IVZ	A	0.1%	0.03%	0.03%
JBL	D	0.55%	0.06%	0.06%
JEF	A	0.34%	0.04%	0.04%
KBR	C	0.13%	0.04%	0.04%
KIM	C	0.15%	0.06%	0.06%
LAMR	C	0.36%	0.05%	0.05%
LECO	D	0.05%	0.05%	0.05%
LNW	F	0.18%	0.03%	0.03%
LSCC	D	0.25%	0.03%	0.03%
MANH	C	0.53%	0.07%	0.07%
MASI	B	0.07%	0.02%	0.02%
MIDD	D	0.09%	0.03%	0.03%
MTN	D	0.09%	0.03%	0.03%
NDSN	B	0.19%	0.06%	0.06%
NNN	A	0.12%	0.04%	0.04%
NTNX	C	0.5%	0.06%	0.06%
NVT	D	0.5%	0.05%	0.05%
OC	C	0.17%	0.06%	0.06%
OGE	A	0.13%	0.03%	0.03%
OHI	C	0.1%	0.04%	0.04%
ONTO	B	0.21%	0.04%	0.04%
ORI	B	0.41%	0.03%	0.03%
OVV	F	0.22%	0.04%	0.04%
PARA	F	0.11%	0.03%	0.03%
PR	F	0.02%	0.04%	0.02%
RGLD	C	0.14%	0.04%	0.04%
RHI	D	0.16%	0.03%	0.03%
RPM	A	0.21%	0.07%	0.07%
RRX	C	0.2%	0.05%	0.05%
RS	D	0.48%	0.07%	0.07%
SCI	C	0.14%	0.05%	0.05%
SOFI	C	0.04%	0.04%	0.04%
SOLV	C	0.33%	0.04%	0.04%
STWD	C	0.06%	0.03%	0.03%
THC	C	0.33%	0.06%	0.06%
TOL	A	0.17%	0.07%	0.07%
TPR	B	0.26%	0.05%	0.05%
TPX	C	0.25%	0.04%	0.04%
TTC	D	0.16%	0.04%	0.04%
TTEK	B	0.34%	0.05%	0.05%
UNM	A	0.0%	0.04%	0.0%
USFD	C	0.17%	0.06%	0.06%
UTHR	C	0.37%	0.07%	0.07%
VFC	B	0.08%	0.03%	0.03%
VOYA	A	0.17%	0.03%	0.03%
WAL	C	0.1%	0.04%	0.04%
WBA	F	0.06%	0.03%	0.03%
WBS	D	0.04%	0.03%	0.03%
WCC	C	0.17%	0.03%	0.03%
WEX	C	0.11%	0.04%	0.04%
WH	C	0.11%	0.03%	0.03%
WSM	B	0.52%	0.08%	0.08%
WSO	C	0.31%	0.07%	0.07%
WYNN	B	0.07%	0.04%	0.04%
XPO	F	0.13%	0.05%	0.05%
ZION	D	0.2%	0.03%	0.03%

SMLF Overweight 714 Positions Relative to SCHV

Symbol	Grade	Weight
EME	C	0.84%
EVR	C	0.72%
APP	A	0.7%
DECK	B	0.68%
BPOP	D	0.57%
SFM	A	0.48%
ALSN	A	0.48%
WING	B	0.47%
SLG	C	0.46%
HRB	C	0.45%
AXON	A	0.45%
IDA	C	0.43%
CSL	A	0.42%
MLI	C	0.41%
LPX	A	0.41%
FIX	A	0.41%
CNM	F	0.41%
MSTR	B	0.41%
MEDP	F	0.4%
DUOL	B	0.4%
IOT	C	0.4%
VNO	A	0.4%
COOP	B	0.4%
AM	A	0.39%
COCO	C	0.39%
PCOR	D	0.38%
IBKR	A	0.37%
LBRDA	B	0.37%
BRX	C	0.37%
WFRD	F	0.37%
FR	C	0.35%
NTRA	A	0.35%
CR	B	0.34%
CHE	C	0.34%
CVNA	A	0.34%
GTLB	D	0.34%
VGR	B	0.33%
CAVA	C	0.32%
ANF	F	0.32%
MAC	C	0.31%
WK	D	0.31%
XRAY	D	0.31%
SN	B	0.3%
PIPR	B	0.3%
DDS	D	0.3%
ALKS	B	0.3%
PSTG	F	0.3%
SPXC	C	0.3%
CROX	C	0.29%
POWL	A	0.29%
MOD	B	0.29%
OFG	D	0.29%
YOU	C	0.29%
SIG	C	0.28%
GPK	C	0.28%
SMAR	A	0.27%
HALO	D	0.27%
JHG	C	0.27%
AN	C	0.27%
PRI	A	0.26%
IMKTA	F	0.26%
R	C	0.26%
HSII	C	0.26%
LBTYA	A	0.26%
FCNCA	D	0.25%
COKE	B	0.25%
CORT	B	0.25%
BLD	C	0.25%
HURN	D	0.24%
LNTH	C	0.24%
TREX	D	0.24%
UFPI	C	0.24%
STRL	B	0.24%
AGO	B	0.24%
SMG	A	0.23%
XRX	D	0.23%
BCC	C	0.23%
AMG	B	0.23%
ETSY	F	0.23%
RNR	A	0.23%
GAP	F	0.23%
JOE	D	0.23%
W	D	0.23%
INTA	C	0.23%
SKT	A	0.23%
SRPT	F	0.23%
ESTC	F	0.23%
AXSM	B	0.22%
AZPN	C	0.22%
DNLI	C	0.22%
CPRX	C	0.22%
LIVN	B	0.21%
JBSS	F	0.21%
FBP	D	0.21%
GPI	C	0.21%
ATKR	F	0.2%
HIW	C	0.2%
RMBS	F	0.2%
TKR	D	0.2%
SANM	D	0.2%
MUR	F	0.2%
EXLS	A	0.2%
NAVI	D	0.2%
HAE	D	0.19%
GES	F	0.19%
RRC	D	0.19%
HOG	D	0.19%
TPG	B	0.19%
EXEL	B	0.19%
MATX	C	0.19%
ELF	F	0.19%
AVNT	C	0.19%
M	F	0.19%
TEX	F	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%
KNSL	D	0.18%
PRG	C	0.18%
LUMN	C	0.18%
PRGS	B	0.18%
PDM	C	0.18%
ATI	B	0.17%
RNG	F	0.17%
PI	B	0.17%
VCYT	C	0.17%
PGRE	D	0.17%
PVH	F	0.17%
EXTR	C	0.17%
ACLS	F	0.17%
FAF	B	0.17%
KRG	C	0.17%
CVCO	B	0.16%
SLM	C	0.16%
TOST	C	0.16%
SKY	B	0.16%
IGT	F	0.16%
ESAB	C	0.16%
HLI	C	0.16%
IONS	F	0.16%
PRKS	D	0.16%
SSD	B	0.16%
SPB	C	0.16%
MMYT	D	0.16%
SATS	C	0.16%
TPH	C	0.16%
SQSP	A	0.16%
BMI	A	0.16%
DTM	A	0.16%
AMR	F	0.15%
WTM	D	0.15%
NJR	C	0.15%
OMF	F	0.15%
TNL	B	0.15%
RL	B	0.15%
SF	A	0.15%
ABG	D	0.15%
AY	C	0.15%
CNO	C	0.15%
NOVT	C	0.15%
ONON	C	0.15%
SPT	F	0.15%
IVT	C	0.15%
ACLX	C	0.15%
GH	F	0.15%
NUVL	B	0.15%
ESI	B	0.15%
TNET	F	0.14%
CMC	D	0.14%
ODP	F	0.14%
OGS	C	0.14%
NSP	F	0.14%
MMSI	C	0.14%
UA	B	0.14%
CRUS	D	0.14%
LRN	C	0.14%
BL	D	0.14%
INSP	B	0.14%
FYBR	C	0.14%
SBGI	B	0.14%
SRCE	D	0.14%
ENSG	D	0.14%
SPSC	D	0.13%
HOV	D	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%
WTS	C	0.13%
NYT	A	0.13%
RYAN	A	0.13%
GOLF	F	0.13%
SSTK	F	0.13%
FTAI	A	0.13%
DOCS	A	0.13%
IPAR	D	0.13%
HUN	B	0.13%
CBT	B	0.13%
BLKB	C	0.13%
MFA	C	0.13%
THO	B	0.13%
NFG	A	0.13%
GATX	F	0.13%
WMS	D	0.13%
VMI	B	0.13%
XNCR	D	0.13%
GFF	C	0.12%
OLN	D	0.12%
BKE	D	0.12%
CHX	D	0.12%
VRNS	C	0.12%
BWXT	A	0.12%
PCTY	B	0.12%
ALX	C	0.12%
SFBS	D	0.12%
KAI	C	0.12%
UMBF	C	0.12%
QLYS	F	0.12%
LILA	B	0.12%
BANF	D	0.12%
AWR	A	0.12%
BCRX	D	0.12%
MAT	D	0.12%
ACCO	C	0.12%
WAFD	D	0.12%
DFIN	C	0.12%
WEN	D	0.12%
SR	C	0.12%
PTEN	F	0.11%
NTCT	B	0.11%
KLIC	D	0.11%
VSH	F	0.11%
ACAD	F	0.11%
SON	D	0.11%
EXPI	C	0.11%
PNM	B	0.11%
AIT	B	0.11%
CMPR	F	0.11%
AROC	B	0.11%
BAND	D	0.11%
SYNA	D	0.11%
CYTK	F	0.11%
UGI	C	0.11%
INSM	D	0.11%
ICFI	C	0.11%
PCVX	B	0.11%
COUR	F	0.11%
OPCH	F	0.11%
OSCR	C	0.11%
EXPO	A	0.11%
HTH	D	0.11%
NSSC	F	0.1%
MTRN	F	0.1%
AAN	C	0.1%
UPBD	F	0.1%
CARG	C	0.1%
TMHC	C	0.1%
KSS	D	0.1%
INVA	B	0.1%
SAIA	D	0.1%
FHI	C	0.1%
BASE	F	0.1%
WSC	D	0.1%
BC	D	0.1%
APOG	B	0.1%
MTG	B	0.1%
NYCB	D	0.1%
KW	B	0.1%
MATV	F	0.1%
SWN	D	0.1%
X	F	0.1%
LSTR	D	0.1%
LAZ	C	0.1%
OII	D	0.1%
VMEO	C	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
BDC	B	0.09%
MPW	C	0.09%
CACC	F	0.09%
LBTYK	A	0.09%
HASI	C	0.09%
EEFT	F	0.09%
NSIT	B	0.09%
YETI	B	0.09%
BECN	F	0.09%
ALIT	D	0.09%
JACK	F	0.09%
DNOW	F	0.09%
HP	F	0.09%
CXT	F	0.09%
CRC	B	0.09%
SITC	F	0.09%
CAL	F	0.09%
ACA	C	0.09%
CRS	C	0.09%
PLUS	C	0.09%
HIMS	B	0.09%
MCB	B	0.09%
CHDN	D	0.09%
IBOC	D	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	F	0.08%
FLR	D	0.08%
GMS	C	0.08%
CRDO	B	0.08%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
BCO	C	0.08%
CAR	D	0.08%
FLNC	C	0.08%
PD	F	0.08%
LGND	D	0.08%
NXST	D	0.08%
PBH	D	0.08%
ILPT	D	0.08%
MTSI	B	0.08%
ATEN	B	0.08%
PNFP	D	0.08%
PLNT	B	0.08%
CSWI	B	0.08%
DVAX	D	0.08%
ASB	F	0.08%
MKSI	F	0.08%
PHIN	C	0.08%
BOX	C	0.08%
SCS	D	0.08%
KN	C	0.08%
CUBI	F	0.08%
CUZ	C	0.08%
VC	F	0.08%
VERA	C	0.08%
MDGL	F	0.08%
TGNA	B	0.08%
RGEN	F	0.08%
ASH	F	0.08%
WOR	F	0.08%
MRC	D	0.08%
ADEA	C	0.07%
CLH	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%
TXRH	A	0.07%
APPF	C	0.07%
PEGA	B	0.07%
AZEK	C	0.07%
UVV	D	0.07%
EIG	B	0.07%
ANAB	D	0.07%
WLY	A	0.07%
SANA	F	0.07%
SM	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%
DH	F	0.07%
FHB	D	0.07%
DLX	F	0.07%
RIG	F	0.07%
RYN	C	0.07%
CXW	F	0.07%
AIV	C	0.07%
VIR	F	0.07%
KNF	C	0.07%
CNMD	D	0.07%
VKTX	C	0.07%
SFL	D	0.07%
NTB	D	0.07%
MED	F	0.07%
CVLT	C	0.07%
OZK	F	0.07%
UNIT	B	0.07%
ACHC	F	0.07%
IDCC	A	0.07%
POR	C	0.07%
HEES	D	0.07%
PK	D	0.06%
GPMT	D	0.06%
TRN	C	0.06%
MERC	D	0.06%
FN	B	0.06%
NVST	D	0.06%
YELP	D	0.06%
APLS	F	0.06%
CENTA	F	0.06%
AGX	A	0.06%
PEN	D	0.06%
HCC	B	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%
AMN	F	0.06%
GEO	F	0.06%
HWKN	A	0.06%
AEO	B	0.06%
NBR	F	0.06%
LADR	D	0.06%
DOMO	F	0.06%
AMRX	B	0.06%
ADMA	C	0.06%
CC	D	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%
OLED	C	0.05%
ITRI	C	0.05%
MAN	D	0.05%
BKD	D	0.05%
ASAN	F	0.05%
BCPC	C	0.05%
VNT	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	C	0.05%
CNX	A	0.05%
WTTR	C	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
BRBR	C	0.05%
LPG	F	0.05%
S	C	0.05%
ZIP	D	0.05%
MCY	B	0.05%
KOS	F	0.05%
SMTC	C	0.05%
MMS	B	0.05%
AFRM	C	0.05%
EYPT	F	0.05%
CELH	F	0.05%
PATH	D	0.05%
WGO	D	0.05%
RUSHA	D	0.05%
FUN	F	0.05%
IBP	B	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	B	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%
TILE	C	0.04%
TDS	B	0.04%
CGEM	F	0.04%
SAH	D	0.04%
ARRY	F	0.04%
CFFN	D	0.04%
SNV	D	0.04%
DAWN	D	0.04%
AGYS	D	0.04%
PRGO	F	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%
FFIN	D	0.04%
HLF	F	0.04%
KREF	C	0.04%
STAG	D	0.04%
FCN	C	0.04%
KLG	D	0.04%
ENS	D	0.04%
ROKU	C	0.04%
IOSP	F	0.04%
CVI	F	0.04%
SONO	D	0.04%
GIII	C	0.03%
WD	C	0.03%
QRTEA	F	0.03%
RYI	F	0.03%
MOG.A	A	0.03%
ARCB	D	0.03%
TSE	B	0.03%
ALRM	F	0.03%
DAN	D	0.03%
VNDA	F	0.03%
TCBI	C	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	D	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	B	0.03%
PDCO	F	0.03%
BRSP	D	0.03%
UDMY	F	0.03%
CHWY	C	0.03%
TLRY	F	0.03%
TPB	A	0.03%
DBI	F	0.03%
XHR	B	0.03%
HNI	B	0.03%
RLI	A	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	C	0.03%
CDP	A	0.03%
UVE	C	0.03%
ARWR	F	0.03%
PRO	F	0.02%
ERAS	D	0.02%
OSUR	F	0.02%
NTLA	F	0.02%
OSIS	B	0.02%
SHO	D	0.02%
MSM	D	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
BMBL	F	0.02%
SLVM	C	0.02%
CACI	A	0.02%
WOOF	A	0.02%
HMST	B	0.02%
OLPX	C	0.02%
NWL	D	0.02%
WTFC	D	0.02%
KFY	C	0.02%
HAIN	B	0.02%
PII	D	0.02%
VSTS	D	0.02%
BRY	F	0.02%
MTW	F	0.02%
EDR	A	0.02%
LMAT	B	0.02%
GPRO	D	0.02%
DYN	D	0.02%
MSA	F	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	B	0.02%
AKRO	C	0.02%
EPR	C	0.02%
CNDT	B	0.02%
TGTX	C	0.02%
DY	C	0.02%
PBF	F	0.02%
JANX	D	0.02%
SUPN	D	0.02%
CRSP	F	0.02%
GMED	D	0.02%
LANC	F	0.02%
ALHC	B	0.02%
VCEL	F	0.02%
VIAV	B	0.02%
SAFE	C	0.02%
IESC	B	0.02%
USNA	F	0.02%
AMCX	F	0.02%
CWK	C	0.01%
SFIX	F	0.01%
RBRK	F	0.01%
JOBY	D	0.01%
ZUO	F	0.01%
MITK	F	0.01%
VAL	F	0.01%
PGEN	F	0.01%
AIN	F	0.01%
TTGT	F	0.01%
SWI	C	0.01%
ARR	D	0.01%
OMER	D	0.01%
BIGC	F	0.01%
GO	F	0.01%
CRAI	C	0.01%
PCH	C	0.01%
EPC	F	0.01%
PEB	D	0.01%
POWI	F	0.01%
FLWS	F	0.01%
OIS	F	0.01%
TDC	D	0.01%
ALGM	F	0.01%
ENVA	D	0.01%
JAMF	F	0.01%
HQY	C	0.01%
CAKE	A	0.01%
UTL	C	0.01%
UPWK	D	0.01%
WTI	D	0.01%
BKH	C	0.01%
MBC	C	0.01%
VRE	C	0.01%
NWN	C	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%
SWX	C	0.01%
HCAT	C	0.01%
SWTX	F	0.01%
AXS	A	0.01%
ENR	B	0.01%
STGW	B	0.01%
MLAB	B	0.01%
ALAB	D	0.01%
GEF	D	0.01%
BYD	C	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%
ASGN	D	0.01%
AEIS	F	0.01%
RXT	C	0.01%
HXL	F	0.01%
SSB	C	0.01%
HYFM	D	0.0%
CHCO	D	0.0%
BFH	D	0.0%
MC	C	0.0%
SEE	C	0.0%
EGBN	B	0.0%
GDOT	C	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	C	0.0%
AX	D	0.0%
PRDO	D	0.0%
BKU	D	0.0%

SMLF Underweight 408 Positions Relative to SCHV

Symbol	Grade	Weight
BRK.A	C	-3.47%
JPM	D	-2.48%
XOM	A	-2.13%
PG	C	-1.69%
HD	A	-1.64%
JNJ	D	-1.61%
WMT	A	-1.43%
ABBV	A	-1.42%
MRK	F	-1.19%
KO	C	-1.15%
ORCL	B	-1.12%
BAC	D	-1.1%
CVX	B	-1.02%
PEP	D	-0.97%
MCD	A	-0.9%
CSCO	A	-0.88%
IBM	B	-0.84%
ABT	B	-0.81%
WFC	D	-0.79%
TXN	C	-0.79%
PM	C	-0.78%
VZ	A	-0.78%
QCOM	D	-0.78%
CAT	A	-0.78%
AMGN	D	-0.72%
NEE	A	-0.72%
DIS	D	-0.72%
AMAT	B	-0.7%
PFE	D	-0.68%
CMCSA	B	-0.67%
RTX	A	-0.66%
T	A	-0.65%
GS	C	-0.65%
LOW	A	-0.63%
AXP	A	-0.63%
UNP	D	-0.62%
HON	C	-0.56%
TJX	C	-0.55%
MS	B	-0.54%
ETN	C	-0.54%
BSX	A	-0.51%
SYK	C	-0.51%
LMT	A	-0.51%
COP	D	-0.5%
C	B	-0.49%
MU	D	-0.49%
ADI	C	-0.48%
PLD	D	-0.48%
MDT	B	-0.47%
MMC	D	-0.46%
SBUX	B	-0.46%
ADP	A	-0.46%
BX	C	-0.46%
CB	A	-0.45%
DE	A	-0.44%
NKE	D	-0.44%
AMT	C	-0.44%
BMY	B	-0.43%
GILD	A	-0.43%
INTC	D	-0.42%
UPS	D	-0.41%
SO	A	-0.41%
MDLZ	C	-0.41%
SCHW	D	-0.4%
CI	D	-0.4%
ICE	A	-0.38%
BA	F	-0.38%
KKR	A	-0.37%
DUK	A	-0.37%
TT	A	-0.36%
MO	D	-0.36%
CL	D	-0.35%
CME	A	-0.33%
PYPL	C	-0.33%
CVS	D	-0.32%
GD	A	-0.32%
APH	D	-0.32%
FCX	B	-0.31%
MSI	A	-0.31%
HCA	B	-0.31%
WM	B	-0.31%
MMM	C	-0.31%
AON	A	-0.31%
TGT	C	-0.3%
NOC	B	-0.3%
PNC	C	-0.3%
WELL	C	-0.3%
CTAS	B	-0.29%
EOG	B	-0.29%
BDX	B	-0.29%
USB	C	-0.29%
ITW	A	-0.29%
APD	C	-0.28%
CSX	D	-0.28%
CARR	A	-0.28%
ECL	B	-0.27%
NEM	C	-0.26%
NXPI	F	-0.26%
EMR	B	-0.26%
SLB	D	-0.25%
FDX	D	-0.25%
AJG	D	-0.25%
COF	C	-0.24%
TFC	D	-0.24%
O	A	-0.23%
MPC	F	-0.23%
PSX	D	-0.23%
WMB	A	-0.23%
NSC	C	-0.23%
AFL	A	-0.23%
DHI	C	-0.23%
PSA	C	-0.23%
GM	D	-0.22%
OKE	B	-0.22%
SRE	A	-0.22%
BK	C	-0.22%
TRV	C	-0.22%
AEP	C	-0.22%
DLR	C	-0.21%
ALL	B	-0.21%
ROST	C	-0.21%
CCI	C	-0.21%
SPG	A	-0.21%
PCAR	D	-0.21%
JCI	B	-0.21%
AIG	F	-0.2%
D	A	-0.2%
KMB	B	-0.2%
MET	A	-0.2%
CMI	B	-0.19%
FIS	C	-0.19%
TEL	D	-0.19%
AMP	A	-0.19%
LEN	B	-0.19%
PCG	B	-0.18%
ACGL	A	-0.18%
PAYX	A	-0.18%
PRU	C	-0.18%
A	B	-0.18%
MCHP	F	-0.18%
VLO	F	-0.18%
PWR	B	-0.18%
PEG	A	-0.18%
KVUE	C	-0.18%
LHX	A	-0.18%
EXC	A	-0.17%
VST	A	-0.17%
HWM	A	-0.17%
RSG	D	-0.17%
FAST	B	-0.17%
GIS	C	-0.17%
OTIS	A	-0.17%
RCL	C	-0.17%
KMI	A	-0.17%
F	D	-0.17%
KR	C	-0.16%
EXR	C	-0.16%
VRSK	D	-0.16%
CTSH	B	-0.16%
SYY	B	-0.16%
DOW	B	-0.16%
GEHC	C	-0.16%
CNC	F	-0.16%
YUM	A	-0.16%
IR	A	-0.16%
KDP	C	-0.16%
AME	D	-0.16%
NUE	D	-0.15%
ED	A	-0.15%
XEL	A	-0.15%
MNST	D	-0.15%
CBRE	A	-0.15%
DD	B	-0.15%
XYL	C	-0.14%
DAL	C	-0.14%
EIX	A	-0.14%
HIG	A	-0.14%
IRM	A	-0.14%
OXY	F	-0.14%
GLW	B	-0.14%
HPQ	C	-0.14%
VICI	C	-0.14%
EA	D	-0.14%
DFS	C	-0.14%
CDW	D	-0.13%
FANG	D	-0.13%
ROK	D	-0.13%
TSCO	A	-0.13%
KHC	D	-0.13%
EBAY	A	-0.13%
PPG	D	-0.13%
ON	F	-0.13%
WAB	A	-0.13%
AVB	C	-0.13%
ETR	A	-0.12%
AWK	B	-0.12%
BIIB	F	-0.12%
HSY	D	-0.12%
ADM	D	-0.12%
ARES	A	-0.12%
FITB	C	-0.12%
MTB	C	-0.12%
PHM	A	-0.12%
WTW	B	-0.12%
NDAQ	C	-0.12%
WEC	A	-0.12%
CHD	C	-0.11%
GPN	F	-0.11%
HPE	B	-0.11%
STT	C	-0.11%
DTE	A	-0.11%
VTR	C	-0.11%
DOV	C	-0.11%
GRMN	D	-0.11%
CAH	B	-0.11%
IFF	C	-0.11%
VLTO	A	-0.11%
KEYS	B	-0.11%
FTV	B	-0.11%
HUBB	A	-0.1%
AEE	A	-0.1%
EL	D	-0.1%
STE	D	-0.1%
ES	C	-0.1%
PPL	A	-0.1%
BRO	A	-0.1%
TROW	D	-0.1%
DVN	F	-0.1%
WY	B	-0.1%
SW	C	-0.1%
BR	B	-0.1%
NTAP	D	-0.1%
LYB	D	-0.1%
EQR	C	-0.1%
HAL	F	-0.1%
BAH	A	-0.09%
MKC	C	-0.09%
CMS	A	-0.09%
RF	C	-0.09%
CINF	A	-0.09%
CBOE	A	-0.09%
HBAN	D	-0.09%
ATO	A	-0.09%
LDOS	A	-0.09%
K	B	-0.09%
EQT	B	-0.09%
TER	C	-0.09%
ZBH	F	-0.09%
FE	B	-0.09%
WDC	C	-0.09%
RJF	B	-0.09%
STX	B	-0.09%
EXPD	C	-0.08%
MAS	A	-0.08%
CFG	D	-0.08%
PFG	C	-0.08%
MAA	C	-0.08%
EXPE	B	-0.08%
CCL	C	-0.08%
HOLX	D	-0.08%
NRG	A	-0.08%
ARE	D	-0.08%
ESS	C	-0.08%
CNP	B	-0.08%
ZBRA	A	-0.08%
UAL	B	-0.08%
DG	F	-0.08%
PKG	C	-0.08%
J	D	-0.08%
SYF	B	-0.08%
GPC	D	-0.08%
APTV	D	-0.08%
DRI	C	-0.08%
BAX	D	-0.08%
INVH	D	-0.08%
BBY	B	-0.08%
OMC	C	-0.08%
TRU	A	-0.08%
CLX	B	-0.08%
BALL	C	-0.08%
SSNC	C	-0.07%
SWKS	F	-0.07%
FNF	A	-0.07%
DOC	C	-0.07%
SUI	D	-0.07%
VRSN	B	-0.07%
PNR	C	-0.07%
IEX	D	-0.07%
AMCR	B	-0.07%
TXT	F	-0.07%
BURL	D	-0.07%
SWK	A	-0.07%
WRB	B	-0.07%
IP	C	-0.07%
TSN	D	-0.07%
DGX	B	-0.07%
CTRA	D	-0.07%
LUV	B	-0.07%
AVY	C	-0.07%
LVS	B	-0.07%
STLD	B	-0.07%
NTRS	C	-0.07%
Z	C	-0.06%
ERIE	A	-0.06%
EQH	C	-0.06%
UDR	C	-0.06%
UHS	D	-0.06%
WPC	C	-0.06%
VTRS	D	-0.06%
BG	F	-0.06%
ROL	B	-0.06%
RGA	C	-0.06%
EVRG	C	-0.06%
L	D	-0.06%
AES	B	-0.06%
FOXA	A	-0.06%
DLTR	F	-0.06%
RBA	D	-0.06%
MRO	D	-0.06%
TRMB	B	-0.06%
SNA	A	-0.06%
CE	D	-0.06%
AKAM	D	-0.06%
KEY	C	-0.06%
NI	A	-0.06%
CF	A	-0.06%
CAG	D	-0.06%
LNT	A	-0.06%
AOS	B	-0.05%
RPRX	B	-0.05%
REXR	D	-0.05%
ALB	D	-0.05%
CCK	C	-0.05%
SNAP	D	-0.05%
TFX	C	-0.05%
REG	C	-0.05%
BXP	C	-0.05%
IPG	C	-0.05%
KMX	F	-0.05%
TECH	C	-0.05%
JLL	B	-0.05%
CHRW	A	-0.05%
JKHY	A	-0.05%
HST	D	-0.05%
FFIV	B	-0.05%
JNPR	B	-0.05%
SJM	C	-0.05%
NWSA	D	-0.05%
CPT	C	-0.05%
ELS	D	-0.05%
EMN	C	-0.05%
LAD	C	-0.04%
MORN	C	-0.04%
MOS	D	-0.04%
FRT	D	-0.04%
KNX	D	-0.04%
CZR	B	-0.04%
SNX	C	-0.04%
MGM	D	-0.04%
CG	C	-0.04%
HRL	F	-0.04%
NCLH	C	-0.04%
HSIC	D	-0.04%
GL	C	-0.04%
ALLY	F	-0.04%
LW	D	-0.04%
MKTX	C	-0.04%
WTRG	D	-0.04%
CPB	D	-0.04%
AFG	C	-0.04%
MTCH	B	-0.04%
CNH	B	-0.04%
TAP	D	-0.04%
PNW	A	-0.04%
ARMK	A	-0.04%
WWD	B	-0.04%
HII	F	-0.04%
INCY	B	-0.04%
ATR	A	-0.04%
LKQ	F	-0.04%
LEA	F	-0.03%
G	A	-0.03%
BEN	F	-0.03%
JAZZ	F	-0.03%
SEIC	B	-0.03%
CGNX	F	-0.03%
CRBG	C	-0.03%
GNTX	D	-0.03%
COLD	D	-0.03%
DVA	C	-0.03%
AAL	D	-0.03%
UHAL	A	-0.03%
FMC	B	-0.03%
MHK	B	-0.03%
BWA	B	-0.03%
WLK	C	-0.02%
POST	C	-0.02%
ST	F	-0.02%
DAR	F	-0.02%
REYN	D	-0.01%
PPC	B	-0.01%
ADTN	B	-0.01%
BOKF	D	-0.01%
AGR	C	-0.01%
PAG	D	-0.01%
LCID	D	-0.01%
UI	A	-0.0%
CNA	D	-0.0%