SMLF vs. SLYV ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index (SLYV)

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

$72.46

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

SLYV

SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index

SLYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of small capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. In seeking to track the performance of the S&P SmallCap 600 Value Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.07

Average Daily Volume

196,680

Number of Holdings ^*

448

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	SLYV
30 Days	7.55%	6.49%
60 Days	8.72%	5.79%
90 Days	9.84%	6.53%
12 Months	38.08%	27.60%

180 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in SLYV	Overlap
ABG	C	0.15%	0.37%	0.15%
ACA	A	0.1%	0.29%	0.1%
AEIS	C	0.01%	0.22%	0.01%
AGO	B	0.27%	0.25%	0.25%
AIN	C	0.01%	0.18%	0.01%
ALKS	C	0.3%	0.23%	0.23%
AMN	F	0.03%	0.06%	0.03%
APOG	C	0.11%	0.14%	0.11%
ARCH	B	0.03%	0.13%	0.03%
ASO	F	0.06%	0.49%	0.06%
ATEN	A	0.09%	0.09%	0.09%
AWR	B	0.12%	0.2%	0.12%
AX	B	0.0%	0.22%	0.0%
BANF	B	0.14%	0.13%	0.13%
BBWI	C	0.2%	0.97%	0.2%
BCPC	B	0.04%	0.35%	0.04%
BDN	C	0.13%	0.12%	0.12%
BFH	C	0.0%	0.39%	0.0%
BKE	B	0.12%	0.08%	0.08%
BKU	A	0.0%	0.42%	0.0%
BL	B	0.16%	0.14%	0.14%
BLMN	F	0.05%	0.07%	0.05%
BOH	B	0.0%	0.25%	0.0%
BOX	B	0.08%	0.27%	0.08%
BRC	D	0.17%	0.16%	0.16%
BSIG	A	0.01%	0.05%	0.01%
CAKE	C	0.01%	0.17%	0.01%
CAL	F	0.08%	0.15%	0.08%
CALX	D	0.02%	0.12%	0.02%
CENTA	C	0.05%	0.23%	0.05%
CFFN	C	0.04%	0.11%	0.04%
CHCO	B	0.0%	0.1%	0.0%
CMA	B	0.0%	1.28%	0.0%
CNS	B	0.03%	0.19%	0.03%
COOP	B	0.41%	0.86%	0.41%
CORT	B	0.3%	0.25%	0.25%
CVBF	A	0.05%	0.41%	0.05%
CVI	F	0.03%	0.04%	0.03%
CWEN	C	0.15%	0.31%	0.15%
CWEN	C	0.15%	0.12%	0.12%
CWK	C	0.01%	0.45%	0.01%
CXW	C	0.11%	0.32%	0.11%
DAN	D	0.02%	0.15%	0.02%
DEI	B	0.0%	0.43%	0.0%
DLX	B	0.08%	0.14%	0.08%
DNOW	B	0.1%	0.21%	0.1%
DOCN	C	0.02%	0.15%	0.02%
DY	D	0.02%	0.74%	0.02%
EGBN	B	0.0%	0.12%	0.0%
EIG	B	0.0%	0.18%	0.0%
EMBC	C	0.03%	0.12%	0.03%
ENR	B	0.01%	0.16%	0.01%
ENVA	B	0.01%	0.37%	0.01%
EPAC	C	0.07%	0.12%	0.07%
EPC	F	0.01%	0.24%	0.01%
ETSY	D	0.2%	0.45%	0.2%
EXTR	C	0.17%	0.11%	0.11%
FHB	B	0.08%	0.48%	0.08%
FL	F	0.03%	0.27%	0.03%
FULT	A	0.0%	0.53%	0.0%
GDOT	D	0.0%	0.08%	0.0%
GEO	B	0.12%	0.49%	0.12%
GFF	A	0.12%	0.14%	0.12%
GIII	D	0.02%	0.17%	0.02%
GNW	A	0.0%	0.43%	0.0%
GO	C	0.01%	0.24%	0.01%
HAIN	D	0.01%	0.08%	0.01%
HASI	D	0.07%	0.44%	0.07%
HELE	C	0.04%	0.21%	0.04%
HI	C	0.09%	0.33%	0.09%
HIMS	B	0.1%	0.55%	0.1%
HIW	C	0.18%	0.47%	0.18%
HNI	B	0.03%	0.14%	0.03%
HP	C	0.1%	0.21%	0.1%
HPP	F	0.04%	0.08%	0.04%
HSII	B	0.31%	0.13%	0.13%
HSTM	B	0.04%	0.05%	0.04%
HTH	C	0.11%	0.2%	0.11%
HTZ	C	0.01%	0.07%	0.01%
INSP	D	0.12%	0.18%	0.12%
INVA	D	0.09%	0.07%	0.07%
IOSP	C	0.04%	0.15%	0.04%
IRWD	F	0.02%	0.03%	0.02%
ITRI	C	0.05%	0.37%	0.05%
JBSS	F	0.17%	0.05%	0.05%
JXN	C	0.0%	1.04%	0.0%
KALU	C	0.01%	0.18%	0.01%
KFY	B	0.02%	0.24%	0.02%
KLG	B	0.04%	0.16%	0.04%
KLIC	B	0.1%	0.13%	0.1%
KN	B	0.08%	0.13%	0.08%
KREF	C	0.04%	0.09%	0.04%
KSS	F	0.08%	0.29%	0.08%
KW	C	0.1%	0.18%	0.1%
LGND	C	0.09%	0.29%	0.09%
LUMN	C	0.2%	1.21%	0.2%
LXP	D	0.07%	0.38%	0.07%
MAC	B	0.31%	0.57%	0.31%
MATV	D	0.07%	0.09%	0.07%
MC	C	0.0%	0.34%	0.0%
MCY	A	0.06%	0.27%	0.06%
MDU	D	0.04%	0.5%	0.04%
MLAB	F	0.01%	0.08%	0.01%
MMSI	A	0.14%	0.33%	0.14%
MPW	F	0.06%	0.35%	0.06%
NARI	C	0.07%	0.15%	0.07%
NATL	B	0.04%	0.29%	0.04%
NAVI	F	0.19%	0.16%	0.16%
NBR	C	0.07%	0.09%	0.07%
NBTB	B	0.0%	0.33%	0.0%
NGVT	B	0.01%	0.23%	0.01%
NSIT	F	0.06%	0.21%	0.06%
NTCT	C	0.11%	0.22%	0.11%
NWL	C	0.02%	0.52%	0.02%
NWN	A	0.01%	0.22%	0.01%
NX	C	0.03%	0.06%	0.03%
ODP	F	0.11%	0.12%	0.11%
OI	C	0.03%	0.28%	0.03%
OMI	F	0.04%	0.12%	0.04%
OUT	A	0.04%	0.21%	0.04%
PBH	A	0.09%	0.3%	0.09%
PDCO	F	0.02%	0.21%	0.02%
PEB	D	0.01%	0.21%	0.01%
PHIN	A	0.09%	0.31%	0.09%
PI	D	0.14%	0.18%	0.14%
PIPR	A	0.34%	0.37%	0.34%
PLUS	F	0.07%	0.11%	0.07%
PRDO	B	0.0%	0.1%	0.0%
PTEN	C	0.11%	0.18%	0.11%
PZZA	F	0.05%	0.12%	0.05%
RCUS	F	0.04%	0.07%	0.04%
RDN	D	0.06%	0.32%	0.06%
RGNX	D	0.03%	0.04%	0.03%
RHI	C	0.17%	1.06%	0.17%
RUSHA	C	0.06%	0.29%	0.06%
SAH	C	0.04%	0.13%	0.04%
SANM	B	0.22%	0.59%	0.22%
SATS	D	0.12%	0.37%	0.12%
SEE	C	0.0%	0.43%	0.0%
SFBS	C	0.13%	0.35%	0.13%
SLG	B	0.49%	0.68%	0.49%
SLVM	B	0.02%	0.4%	0.02%
SMTC	B	0.05%	0.27%	0.05%
SNEX	B	0.07%	0.38%	0.07%
SONO	C	0.05%	0.23%	0.05%
SSTK	F	0.11%	0.05%	0.05%
SUPN	C	0.03%	0.16%	0.03%
SVC	F	0.02%	0.06%	0.02%
SWI	C	0.01%	0.06%	0.01%
TDS	B	0.04%	0.21%	0.04%
TGNA	B	0.09%	0.41%	0.09%
TILE	B	0.05%	0.21%	0.05%
TPH	D	0.14%	0.21%	0.14%
TR	B	0.01%	0.03%	0.01%
TRMK	C	0.0%	0.32%	0.0%
TRN	B	0.06%	0.21%	0.06%
TTGT	B	0.01%	0.04%	0.01%
UNFI	A	0.02%	0.17%	0.02%
UNIT	B	0.07%	0.09%	0.07%
UPBD	B	0.09%	0.1%	0.09%
USNA	C	0.02%	0.06%	0.02%
UTL	B	0.01%	0.07%	0.01%
UVV	B	0.06%	0.18%	0.06%
VFC	C	0.08%	0.93%	0.08%
VIAV	C	0.03%	0.31%	0.03%
VIR	D	0.08%	0.11%	0.08%
VIRT	A	0.03%	0.4%	0.03%
VRE	B	0.01%	0.12%	0.01%
VSTO	A	0.14%	0.36%	0.14%
VSTS	C	0.02%	0.1%	0.02%
WAFD	B	0.12%	0.42%	0.12%
WD	D	0.02%	0.27%	0.02%
WGO	C	0.05%	0.11%	0.05%
WNC	C	0.07%	0.12%	0.07%
WOR	F	0.08%	0.05%	0.05%
WS	C	0.22%	0.07%	0.07%
XHR	B	0.03%	0.09%	0.03%
XNCR	B	0.15%	0.1%	0.1%
XRX	F	0.18%	0.13%	0.13%
YOU	D	0.23%	0.11%	0.11%

SMLF Overweight 631 Positions Relative to SLYV

Symbol	Grade	Weight
APP	B	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	B	0.73%
DECK	A	0.72%
AXON	A	0.66%
SFM	A	0.6%
ALSN	B	0.56%
NTNX	B	0.56%
JBL	C	0.55%
BPOP	C	0.53%
MANH	D	0.5%
MLI	B	0.49%
RS	B	0.49%
NVT	B	0.49%
CVNA	B	0.46%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	A	0.43%
WSM	C	0.42%
PCOR	B	0.42%
CSL	C	0.41%
LPX	B	0.41%
IOT	A	0.41%
VNO	C	0.41%
ORI	A	0.41%
JEF	A	0.4%
HRB	D	0.4%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
EWBC	A	0.39%
POWL	C	0.38%
UTHR	C	0.38%
DKS	D	0.38%
MEDP	D	0.38%
BRX	A	0.37%
AM	A	0.37%
WING	D	0.36%
CNM	D	0.36%
WFRD	D	0.35%
CR	A	0.35%
AYI	B	0.35%
CAVA	B	0.34%
WK	B	0.34%
LAMR	C	0.33%
JHG	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	B	0.31%
FR	D	0.31%
SOLV	D	0.31%
DDS	B	0.31%
THC	D	0.31%
TPR	B	0.3%
SPXC	A	0.3%
ANF	F	0.3%
CHE	D	0.3%
GGG	B	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	A	0.29%
PSTG	D	0.29%
PRI	B	0.28%
R	B	0.28%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	B	0.26%
ESTC	C	0.26%
SIG	B	0.26%
GPK	C	0.26%
AMH	C	0.25%
OVV	B	0.25%
MOD	A	0.25%
HURN	C	0.25%
CFR	B	0.25%
TPX	B	0.24%
CPRX	C	0.24%
CBSH	B	0.24%
TREX	C	0.24%
RMBS	B	0.24%
AN	C	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	C	0.23%
ENTG	D	0.23%
GAP	C	0.23%
LSCC	D	0.23%
AMG	B	0.23%
UFPI	C	0.23%
EXLS	B	0.23%
BCC	B	0.22%
GPI	B	0.22%
APA	D	0.22%
RPM	A	0.22%
COKE	C	0.22%
AXSM	B	0.22%
MATX	C	0.21%
RNR	C	0.21%
AR	B	0.21%
TOST	B	0.21%
BLD	D	0.21%
AZPN	A	0.21%
SRPT	F	0.2%
LIVN	F	0.2%
RDDT	A	0.2%
XRAY	F	0.2%
ELF	C	0.2%
ATKR	D	0.2%
RRX	B	0.2%
AGCO	D	0.2%
DTM	A	0.2%
DNLI	D	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
TEX	F	0.19%
M	F	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
CROX	D	0.19%
ACM	B	0.19%
GH	B	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	A	0.18%
PRGS	A	0.18%
KNSL	B	0.18%
ARW	D	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	B	0.18%
ESAB	C	0.18%
USFD	A	0.18%
OC	A	0.18%
GLPI	C	0.18%
FROG	C	0.18%
DCI	B	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
ACLX	C	0.17%
TKR	D	0.17%
LNW	F	0.17%
LNTH	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	B	0.17%
XPO	B	0.17%
AIZ	A	0.17%
PRKS	B	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	C	0.16%
BMI	B	0.16%
BJ	A	0.16%
WTM	A	0.16%
SLM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
TOL	B	0.16%
GME	C	0.16%
TNL	A	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	F	0.15%
GNRC	C	0.15%
SBGI	B	0.15%
HOG	D	0.15%
ONON	A	0.15%
GES	F	0.15%
RL	C	0.15%
ONTO	F	0.15%
W	D	0.15%
VMI	B	0.15%
FTAI	A	0.15%
DOCS	C	0.15%
SPB	C	0.15%
SKY	A	0.15%
ESI	B	0.15%
AMR	C	0.14%
UMBF	B	0.14%
RGLD	C	0.14%
ATI	C	0.14%
IGT	F	0.14%
NOVT	D	0.14%
IONS	F	0.14%
CMC	B	0.14%
BRKR	D	0.14%
NJR	A	0.14%
ENSG	C	0.14%
UA	C	0.14%
TTC	C	0.14%
YEXT	B	0.14%
PCTY	C	0.14%
SCI	B	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	F	0.14%
BLKB	B	0.13%
VMEO	B	0.13%
BPMC	B	0.13%
THO	B	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	F	0.13%
ACCO	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
GOLF	B	0.13%
RYAN	A	0.13%
KAI	B	0.13%
QLYS	B	0.13%
FYBR	C	0.13%
NUVL	C	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
AROC	A	0.12%
SAIA	B	0.12%
KBR	F	0.12%
BASE	B	0.12%
ACLS	F	0.12%
NYT	D	0.12%
OGE	A	0.12%
WH	B	0.12%
KRC	B	0.12%
WEN	D	0.12%
NOV	C	0.12%
AIT	B	0.12%
CBT	D	0.12%
BSY	F	0.12%
WTS	B	0.12%
FHI	B	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	A	0.11%
CUBE	C	0.11%
MFA	D	0.11%
ACAD	C	0.11%
CRUS	D	0.11%
CARG	B	0.11%
SPSC	D	0.11%
BAND	B	0.11%
CHX	C	0.11%
MCB	B	0.11%
MDGL	B	0.11%
NSP	F	0.11%
BCRX	D	0.11%
MTRN	C	0.1%
ASB	B	0.1%
CHDN	B	0.1%
BECN	B	0.1%
EXPI	D	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	C	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
LSTR	D	0.1%
NNN	C	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
X	B	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
AGM	B	0.1%
WAL	B	0.1%
BERY	C	0.1%
INSM	C	0.1%
WMS	F	0.1%
VRNS	D	0.1%
EEFT	B	0.09%
VSH	F	0.09%
CXT	C	0.09%
MTSI	B	0.09%
WSC	F	0.09%
JACK	C	0.09%
MRC	B	0.09%
MTN	C	0.09%
PCVX	D	0.09%
HEES	C	0.09%
APG	B	0.09%
CAR	C	0.09%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
PLNT	A	0.09%
EGP	D	0.09%
BC	C	0.09%
ALIT	C	0.09%
TMHC	C	0.09%
OHI	C	0.09%
MTG	C	0.09%
COUR	F	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
WEX	D	0.09%
CUBI	B	0.09%
SON	F	0.09%
CRS	B	0.09%
EXPO	D	0.09%
VC	F	0.08%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
OPCH	D	0.08%
HWC	B	0.08%
CVLT	B	0.08%
FLR	B	0.08%
RGEN	D	0.08%
PEGA	B	0.08%
OZK	B	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
OSCR	D	0.08%
PD	C	0.08%
YETI	D	0.08%
MASI	B	0.08%
GMS	B	0.08%
CACC	D	0.08%
NSSC	D	0.08%
AGX	B	0.08%
CUZ	B	0.08%
CARS	C	0.08%
MIDD	C	0.08%
BDC	C	0.08%
ALV	C	0.08%
CSWI	B	0.08%
CNMD	C	0.07%
AFRM	A	0.07%
CLH	C	0.07%
EQC	B	0.07%
DH	F	0.07%
AMRX	C	0.07%
PEN	B	0.07%
EYPT	D	0.07%
WYNN	C	0.07%
VAC	C	0.07%
RIG	D	0.07%
AMPH	F	0.07%
POR	C	0.07%
AMPL	B	0.07%
FLNC	D	0.07%
WLY	B	0.07%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	B	0.07%
GCO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
SM	B	0.07%
TXRH	B	0.07%
CEIX	A	0.07%
NXST	C	0.07%
NVST	B	0.06%
CC	C	0.06%
AVXL	B	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	0.06%
S	B	0.06%
FN	C	0.06%
TNC	D	0.06%
NXT	C	0.06%
ILPT	F	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
STWD	C	0.06%
CTBI	B	0.06%
BRBR	A	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
FUN	C	0.06%
LADR	B	0.06%
SOFI	B	0.06%
FLO	D	0.06%
WTTR	A	0.06%
CASY	A	0.06%
IRTC	C	0.06%
RYN	D	0.06%
ADEA	C	0.06%
BCO	F	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	B	0.06%
APPF	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
HE	C	0.06%
KD	B	0.06%
MED	D	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
SNV	C	0.05%
ACI	C	0.05%
FFIN	B	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
BEAM	D	0.05%
SITE	F	0.05%
CERS	D	0.05%
AEO	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	F	0.05%
MERC	F	0.05%
KOS	D	0.05%
TARS	C	0.05%
ZIP	D	0.05%
VNT	C	0.05%
THR	B	0.05%
WBS	A	0.05%
APLS	F	0.05%
LFUS	D	0.05%
ASAN	B	0.05%
WBA	F	0.05%
PK	C	0.05%
MDXG	B	0.05%
LECO	C	0.05%
ARWR	D	0.04%
FCN	F	0.04%
MAN	F	0.04%
STAG	D	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
DIN	C	0.04%
PRGO	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	F	0.04%
SANA	F	0.04%
TPB	B	0.04%
ANAB	F	0.04%
RVMD	C	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
ROKU	D	0.04%
BILL	A	0.04%
HLF	C	0.04%
ANGI	F	0.04%
IBP	D	0.04%
NHI	D	0.04%
ACHC	F	0.04%
MMS	F	0.04%
FHN	A	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	B	0.03%
GMED	A	0.03%
ALHC	C	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
CHRD	D	0.03%
VNDA	C	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	C	0.03%
CIEN	C	0.03%
QDEL	F	0.03%
REVG	C	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	C	0.03%
UDMY	D	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
MGNI	B	0.03%
ACCD	D	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
TCBI	C	0.03%
RPD	B	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
RLI	A	0.03%
RKT	F	0.03%
UVE	B	0.03%
NRC	F	0.03%
OLED	F	0.03%
BKD	F	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	D	0.02%
OSIS	A	0.02%
MSM	C	0.02%
TSE	F	0.02%
KVYO	C	0.02%
ARCT	F	0.02%
OMER	A	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	B	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
MSA	F	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	C	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NUS	D	0.02%
EPR	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
FSS	B	0.02%
WTFC	A	0.02%
MTW	C	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	D	0.02%
PR	B	0.02%
RLJ	C	0.02%
PBF	D	0.02%
CRSP	D	0.02%
TLRY	F	0.02%
SITC	D	0.02%
TWO	F	0.02%
CNDT	C	0.02%
OPEN	F	0.02%
SNDX	F	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
LANC	C	0.02%
ARCB	C	0.02%
ALGM	D	0.01%
VAL	F	0.01%
DINO	D	0.01%
PGEN	F	0.01%
ARR	D	0.01%
JAMF	F	0.01%
PCH	F	0.01%
SFIX	B	0.01%
POWI	F	0.01%
FLWS	D	0.01%
TDC	D	0.01%
XPRO	D	0.01%
MBC	F	0.01%
BIGC	B	0.01%
JOBY	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
BKH	A	0.01%
CRAI	C	0.01%
MITK	C	0.01%
NTLA	F	0.01%
ROIV	C	0.01%
SWX	B	0.01%
HCAT	D	0.01%
OIS	B	0.01%
RBRK	A	0.01%
HQY	A	0.01%
HMST	F	0.01%
AXS	A	0.01%
STGW	A	0.01%
OLPX	D	0.01%
GEF	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	B	0.01%
ASGN	F	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
SWTX	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
BYD	B	0.01%
UPWK	B	0.01%
HXL	F	0.01%
NFBK	C	0.01%
SHO	D	0.01%
MAGN	D	0.0%
PFBC	B	0.0%
CASH	B	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	C	0.0%
OFG	B	0.0%

SMLF Underweight 268 Positions Relative to SLYV

Symbol	Grade	Weight
ALK	B	-0.92%
LNC	C	-0.82%
ABCB	B	-0.62%
ICUI	D	-0.58%
AL	B	-0.55%
DXC	B	-0.54%
SEM	B	-0.54%
OGN	F	-0.54%
AUB	B	-0.53%
UCB	A	-0.53%
REZI	A	-0.51%
CBU	B	-0.5%
ABM	B	-0.48%
ZWS	B	-0.45%
BXMT	C	-0.44%
HUBG	A	-0.43%
SFNC	C	-0.43%
GTES	A	-0.43%
PENN	C	-0.43%
INDB	B	-0.42%
EAT	A	-0.41%
STEP	C	-0.4%
AVA	A	-0.4%
PFS	B	-0.39%
VSCO	C	-0.39%
ABR	C	-0.39%
EPRT	B	-0.38%
HBI	B	-0.38%
FFBC	B	-0.38%
PPBI	C	-0.37%
AKR	B	-0.36%
SBCF	B	-0.35%
BANR	B	-0.35%
ZD	B	-0.35%
TTMI	C	-0.34%
RUN	F	-0.34%
AAP	D	-0.34%
WERN	C	-0.34%
PINC	B	-0.33%
IBTX	B	-0.32%
PECO	A	-0.32%
RNST	B	-0.32%
PLXS	B	-0.32%
PSMT	D	-0.31%
KMT	B	-0.31%
HAYW	B	-0.31%
BANC	B	-0.31%
OMCL	C	-0.3%
ROIC	A	-0.3%
GBX	A	-0.29%
VYX	B	-0.29%
FUL	F	-0.29%
JBLU	F	-0.29%
KAR	B	-0.29%
ACIW	B	-0.29%
B	A	-0.29%
CRGY	B	-0.29%
IAC	F	-0.28%
STC	B	-0.28%
RXO	D	-0.28%
SKYW	C	-0.28%
MRCY	C	-0.28%
GVA	A	-0.28%
FBK	C	-0.27%
CATY	B	-0.27%
NBHC	C	-0.26%
CTRE	C	-0.26%
BTU	B	-0.26%
NWBI	B	-0.26%
SXT	C	-0.26%
WSFS	B	-0.26%
NPO	A	-0.26%
CABO	B	-0.26%
FBNC	B	-0.26%
ADNT	F	-0.25%
FTRE	D	-0.25%
ENV	B	-0.25%
MGEE	B	-0.24%
UNF	B	-0.24%
BHE	C	-0.24%
WWW	A	-0.24%
CWT	C	-0.24%
HOPE	C	-0.23%
WKC	C	-0.23%
PRK	B	-0.23%
BGC	C	-0.23%
HMN	B	-0.23%
WHD	B	-0.23%
MLKN	F	-0.23%
IART	C	-0.22%
UCTT	D	-0.22%
LEG	F	-0.22%
PAYO	A	-0.22%
VBTX	B	-0.22%
SITM	B	-0.22%
SCL	C	-0.22%
PJT	A	-0.22%
JBT	B	-0.21%
KRYS	C	-0.21%
CPK	A	-0.21%
THS	D	-0.21%
CHEF	A	-0.2%
SNDR	B	-0.2%
TALO	C	-0.2%
GNL	F	-0.2%
FCPT	C	-0.2%
APAM	B	-0.2%
ELME	D	-0.2%
MP	C	-0.19%
ALEX	B	-0.19%
STRA	C	-0.19%
TGI	B	-0.19%
SBH	C	-0.19%
AAT	B	-0.18%
MTX	B	-0.18%
IIPR	D	-0.18%
JBGS	F	-0.18%
DEA	D	-0.17%
SMPL	B	-0.17%
SAFT	B	-0.17%
ADUS	D	-0.17%
MD	C	-0.17%
PBI	B	-0.16%
PMT	C	-0.16%
UE	B	-0.16%
ECPG	C	-0.16%
DGII	C	-0.16%
QNST	B	-0.16%
DORM	B	-0.16%
NVEE	F	-0.16%
CCS	D	-0.16%
RC	D	-0.16%
DCOM	B	-0.16%
MODG	F	-0.16%
AHCO	F	-0.15%
CBRL	C	-0.15%
ICHR	C	-0.15%
LCII	C	-0.15%
CSR	B	-0.15%
KWR	C	-0.15%
CENX	B	-0.15%
FDP	B	-0.15%
BRKL	B	-0.15%
SCSC	C	-0.15%
ALGT	B	-0.15%
DIOD	D	-0.14%
NXRT	B	-0.14%
LKFN	C	-0.14%
TNDM	D	-0.14%
FCF	B	-0.14%
NMIH	C	-0.14%
FBRT	D	-0.14%
SXC	A	-0.14%
CXM	C	-0.13%
TMP	B	-0.13%
LTC	B	-0.13%
BJRI	C	-0.12%
ASTE	C	-0.12%
PRA	C	-0.12%
EYE	C	-0.12%
LGIH	F	-0.12%
HCSG	C	-0.12%
MNRO	D	-0.12%
AVNS	F	-0.12%
CNXN	C	-0.12%
DXPE	C	-0.12%
GTY	A	-0.12%
HFWA	C	-0.12%
VTOL	B	-0.12%
TRUP	B	-0.12%
PRAA	D	-0.12%
SJW	F	-0.12%
HAFC	B	-0.11%
CSGS	B	-0.11%
ASIX	B	-0.11%
NHC	C	-0.11%
LZB	B	-0.11%
CPF	B	-0.11%
FOXF	F	-0.11%
SMP	C	-0.1%
PTGX	D	-0.1%
COHU	C	-0.1%
CTKB	C	-0.1%
AOSL	C	-0.1%
ANDE	D	-0.1%
GPRE	F	-0.1%
TRST	B	-0.1%
CTS	C	-0.1%
HRMY	D	-0.1%
MYGN	F	-0.1%
THRM	F	-0.1%
AXL	C	-0.1%
PCRX	C	-0.1%
STBA	B	-0.1%
PUMP	C	-0.09%
USPH	B	-0.09%
SCHL	F	-0.09%
MSEX	C	-0.09%
SBSI	C	-0.09%
EZPW	B	-0.09%
RGR	F	-0.09%
SCVL	F	-0.09%
VSAT	F	-0.09%
AMSF	B	-0.09%
HLIT	D	-0.09%
AIR	B	-0.09%
SABR	C	-0.09%
AMWD	C	-0.09%
BHLB	B	-0.09%
FWRD	D	-0.09%
LNN	B	-0.09%
UFCS	A	-0.08%
NVRI	D	-0.08%
VICR	C	-0.08%
WABC	B	-0.08%
ROG	D	-0.08%
MMI	C	-0.08%
SPTN	D	-0.08%
HZO	F	-0.08%
CRK	B	-0.08%
VRTS	B	-0.08%
AORT	B	-0.07%
KELYA	F	-0.07%
CERT	F	-0.07%
THRY	D	-0.07%
BGS	F	-0.07%
FIZZ	C	-0.07%
SDGR	C	-0.07%
WOLF	F	-0.07%
PAHC	C	-0.07%
LESL	D	-0.07%
STAA	F	-0.07%
CLB	B	-0.07%
MRTN	D	-0.07%
AHH	D	-0.06%
VTLE	C	-0.06%
MXL	C	-0.06%
SEDG	F	-0.06%
ARI	C	-0.06%
PLAB	C	-0.06%
WSR	A	-0.05%
SNCY	C	-0.05%
INN	D	-0.05%
HAYN	A	-0.05%
TWI	F	-0.05%
CNSL	C	-0.05%
CENT	C	-0.05%
FLGT	F	-0.05%
KOP	C	-0.05%
CEVA	B	-0.05%
MCW	C	-0.05%
ETD	C	-0.05%
MATW	C	-0.04%
GOGO	C	-0.04%
UHT	D	-0.04%
NABL	F	-0.04%
GDEN	B	-0.04%
MGPI	F	-0.04%
CRSR	C	-0.04%
BLFS	C	-0.04%
PRLB	B	-0.04%
SLP	D	-0.03%
MYE	F	-0.03%
NPK	B	-0.03%
IIIN	C	-0.03%
HTLD	C	-0.03%
BFS	C	-0.03%
MTUS	C	-0.03%