SMLF vs. TECB ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to iShares U.S. Tech Breakthrough Multisector ETF (TECB)

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

TECB

iShares U.S. Tech Breakthrough Multisector ETF

TECB Description

The fund seeks to track the investment results of the NYSE FactSet U.S. Tech Breakthrough Index (the underlying index), which measures the performance of U.S. listed companies engaged in cutting edge research and development of products and services in the areas of robotics and artificial intelligence, cyber security, cloud and data tech, financial technology, and genomics and immunology. It generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.37

Average Daily Volume

21,359

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	TECB
30 Days	4.99%	5.16%
60 Days	10.44%	13.38%
90 Days	9.91%	-0.41%
12 Months	33.05%	40.63%

60 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in TECB	Overlap
ACLX	C	0.15%	0.06%	0.06%
AFRM	C	0.05%	0.07%	0.05%
ALRM	F	0.03%	0.07%	0.03%
ARCT	D	0.02%	0.01%	0.01%
ATEN	B	0.08%	0.03%	0.03%
AVDX	F	0.05%	0.01%	0.01%
BASE	F	0.1%	0.01%	0.01%
BCRX	D	0.12%	0.03%	0.03%
BEAM	F	0.05%	0.04%	0.04%
BILL	D	0.03%	0.04%	0.03%
BL	D	0.14%	0.02%	0.02%
BMBL	F	0.02%	0.01%	0.01%
BPMC	F	0.13%	0.1%	0.1%
BSY	D	0.14%	0.09%	0.09%
CACI	A	0.02%	0.31%	0.02%
CALX	C	0.03%	0.06%	0.03%
CVLT	B	0.07%	0.1%	0.07%
DFIN	B	0.12%	0.01%	0.01%
DOCN	B	0.02%	0.04%	0.02%
DVAX	F	0.08%	0.03%	0.03%
EEFT	F	0.09%	0.03%	0.03%
ENVA	B	0.01%	0.01%	0.01%
ETSY	F	0.23%	0.1%	0.1%
EXEL	B	0.19%	0.14%	0.14%
FLYW	F	0.03%	0.01%	0.01%
GTLB	D	0.34%	0.09%	0.09%
GWRE	A	0.01%	0.09%	0.01%
INTA	C	0.23%	0.02%	0.02%
LGND	C	0.08%	0.03%	0.03%
LSCC	D	0.25%	0.1%	0.1%
LUMN	C	0.18%	0.1%	0.1%
MSTR	B	0.41%	0.41%	0.41%
NTLA	F	0.02%	0.04%	0.02%
NTNX	C	0.5%	0.23%	0.23%
OMF	D	0.15%	0.04%	0.04%
PARA	F	0.11%	0.09%	0.09%
PEGA	B	0.07%	0.05%	0.05%
PRGS	A	0.18%	0.04%	0.04%
PSTG	F	0.3%	0.24%	0.24%
QLYS	F	0.12%	0.13%	0.12%
RCUS	D	0.05%	0.01%	0.01%
RPD	D	0.03%	0.06%	0.03%
RVMD	B	0.03%	0.11%	0.03%
S	C	0.05%	0.18%	0.05%
SLAB	D	0.04%	0.05%	0.04%
SOFI	C	0.04%	0.05%	0.04%
SRPT	F	0.23%	0.21%	0.21%
SWTX	F	0.01%	0.04%	0.01%
TDC	D	0.01%	0.04%	0.01%
TENB	D	0.08%	0.13%	0.08%
TOST	B	0.16%	0.07%	0.07%
VIR	F	0.07%	0.01%	0.01%
VIRT	B	0.03%	0.02%	0.02%
VMEO	C	0.1%	0.01%	0.01%
VRNS	B	0.12%	0.17%	0.12%
WEX	C	0.11%	0.05%	0.05%
WK	D	0.31%	0.02%	0.02%
XNCR	D	0.13%	0.02%	0.02%
YOU	C	0.29%	0.07%	0.07%
ZUO	F	0.01%	0.02%	0.01%

SMLF Overweight 755 Positions Relative to TECB

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%
NVT	C	0.5%
RS	D	0.48%
SFM	A	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%
MLI	B	0.41%
LPX	C	0.41%
FIX	A	0.41%
ORI	A	0.41%
CNM	F	0.41%
MEDP	F	0.4%
DUOL	B	0.4%
IOT	C	0.4%
VNO	B	0.4%
COOP	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%
TTEK	A	0.34%
JEF	A	0.34%
VGR	B	0.33%
SOLV	C	0.33%
THC	D	0.33%
CAVA	B	0.32%
ANF	D	0.32%
EWBC	B	0.32%
ITT	C	0.32%
AYI	A	0.31%
WSO	C	0.31%
MAC	B	0.31%
XRAY	D	0.31%
GGG	C	0.31%
SN	A	0.3%
PIPR	A	0.3%
DDS	D	0.3%
ALKS	B	0.3%
SPXC	A	0.3%
CROX	C	0.29%
POWL	B	0.29%
MOD	B	0.29%
OFG	D	0.29%
FLEX	B	0.29%
SIG	C	0.28%
GPK	D	0.28%
SMAR	A	0.27%
HALO	D	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%
HSII	D	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%
CORT	B	0.25%
BLD	D	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	C	0.23%
XRX	D	0.23%
BCC	C	0.23%
AMG	B	0.23%
RNR	A	0.23%
GAP	F	0.23%
HAS	A	0.23%
JOE	D	0.23%
W	C	0.23%
SKT	A	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%
CPRX	C	0.22%
LIVN	C	0.21%
ONTO	B	0.21%
CBSH	D	0.21%
JBSS	F	0.21%
RPM	A	0.21%
AR	C	0.21%
FBP	B	0.21%
CFR	B	0.21%
GPI	C	0.21%
CW	A	0.21%
ATKR	F	0.2%
HIW	C	0.2%
RMBS	F	0.2%
GLPI	C	0.2%
TKR	B	0.2%
ZION	D	0.2%
SANM	D	0.2%
RRX	B	0.2%
MUR	F	0.2%
EXLS	B	0.2%
NAVI	D	0.2%
AGNC	B	0.19%
HAE	F	0.19%
GES	F	0.19%
RRC	D	0.19%
HOG	D	0.19%
TPG	A	0.19%
MATX	C	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%
TEX	F	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%
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%
PI	A	0.17%
VCYT	C	0.17%
PGRE	D	0.17%
PVH	D	0.17%
EXTR	D	0.17%
USFD	C	0.17%
TOL	C	0.17%
ACLS	F	0.17%
FAF	C	0.17%
WCC	D	0.17%
KRG	C	0.17%
TTC	F	0.16%
CVCO	C	0.16%
BJ	B	0.16%
SLM	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%
TPH	C	0.16%
SQSP	A	0.16%
BMI	A	0.16%
DTM	A	0.16%
AMR	F	0.15%
WTM	C	0.15%
NJR	C	0.15%
TNL	B	0.15%
RL	B	0.15%
SF	A	0.15%
ABG	D	0.15%
AY	C	0.15%
CNO	B	0.15%
NOVT	C	0.15%
ONON	A	0.15%
KIM	C	0.15%
SPT	F	0.15%
IVT	B	0.15%
GH	F	0.15%
NUVL	B	0.15%
ESI	C	0.15%
TNET	D	0.14%
CMC	D	0.14%
ODP	F	0.14%
OGS	C	0.14%
NSP	F	0.14%
MMSI	C	0.14%
SCI	D	0.14%
GME	D	0.14%
UA	B	0.14%
CRUS	D	0.14%
LRN	D	0.14%
RGLD	C	0.14%
INSP	C	0.14%
FYBR	C	0.14%
SBGI	A	0.14%
SRCE	D	0.14%
ENSG	D	0.14%
SPSC	D	0.13%
OGE	C	0.13%
HOV	D	0.13%
BRZE	F	0.13%
YEXT	B	0.13%
KRC	C	0.13%
VECO	F	0.13%
VSTO	B	0.13%
NOV	F	0.13%
GNRC	B	0.13%
WTS	C	0.13%
NYT	C	0.13%
CUBE	C	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%
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%
AA	B	0.13%
GFF	C	0.12%
OLN	D	0.12%
BKE	B	0.12%
CHX	C	0.12%
BWXT	A	0.12%
PCTY	C	0.12%
ALX	D	0.12%
SFBS	B	0.12%
KAI	C	0.12%
NNN	C	0.12%
UMBF	C	0.12%
LILA	B	0.12%
BANF	D	0.12%
AWR	B	0.12%
MAT	B	0.12%
ACCO	C	0.12%
WAFD	D	0.12%
WEN	B	0.12%
SR	D	0.12%
PTEN	F	0.11%
NTCT	C	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%
WH	C	0.11%
AROC	B	0.11%
BAND	C	0.11%
SYNA	F	0.11%
CYTK	D	0.11%
UGI	C	0.11%
INSM	D	0.11%
ICFI	C	0.11%
BERY	C	0.11%
PCVX	C	0.11%
COUR	F	0.11%
OPCH	F	0.11%
OSCR	C	0.11%
EXPO	A	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%
TMHC	C	0.1%
KSS	D	0.1%
INVA	B	0.1%
SAIA	D	0.1%
OHI	C	0.1%
FHI	A	0.1%
WSC	D	0.1%
BC	C	0.1%
APOG	B	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%
OII	D	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
APG	F	0.09%
BDC	A	0.09%
MPW	C	0.09%
CACC	F	0.09%
LBTYK	C	0.09%
HASI	B	0.09%
NSIT	B	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%
CAL	F	0.09%
MIDD	D	0.09%
ACA	C	0.09%
CRS	B	0.09%
MTN	D	0.09%
PLUS	B	0.09%
HIMS	C	0.09%
MCB	B	0.09%
CHDN	C	0.09%
IBOC	D	0.09%
AGM	D	0.09%
LYFT	D	0.08%
HI	F	0.08%
ASO	D	0.08%
AMPH	C	0.08%
LZ	D	0.08%
FLR	B	0.08%
GMS	B	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%
NXST	D	0.08%
PBH	D	0.08%
ILPT	D	0.08%
MTSI	B	0.08%
PNFP	B	0.08%
PLNT	B	0.08%
CSWI	A	0.08%
ASB	D	0.08%
MKSI	F	0.08%
PHIN	D	0.08%
BOX	C	0.08%
SCS	D	0.08%
KN	B	0.08%
CUBI	F	0.08%
CUZ	C	0.08%
VFC	A	0.08%
VC	F	0.08%
VERA	C	0.08%
MDGL	F	0.08%
TGNA	B	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%
CEIX	B	0.07%
OXM	F	0.07%
TNC	F	0.07%
SNEX	B	0.07%
BLMN	F	0.07%
OTTR	F	0.07%
GCO	D	0.07%
TXRH	A	0.07%
APPF	C	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%
SM	D	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%
MASI	B	0.07%
CXW	F	0.07%
AIV	D	0.07%
KNF	B	0.07%
CNMD	F	0.07%
VKTX	C	0.07%
SFL	D	0.07%
NTB	D	0.07%
MED	F	0.07%
OZK	D	0.07%
UNIT	B	0.07%
ACHC	F	0.07%
WYNN	B	0.07%
COTY	F	0.07%
IDCC	A	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%
FN	B	0.06%
WBA	F	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	C	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	D	0.06%
HWKN	B	0.06%
AEO	C	0.06%
NBR	D	0.06%
LADR	D	0.06%
DOMO	F	0.06%
AMRX	B	0.06%
ADMA	A	0.06%
CC	D	0.06%
NARI	F	0.06%
AMPL	D	0.06%
EPAC	A	0.06%
STWD	C	0.06%
ITGR	B	0.05%
PFSI	C	0.05%
OLED	B	0.05%
ITRI	C	0.05%
MAN	D	0.05%
BKD	F	0.05%
ASAN	F	0.05%
BCPC	C	0.05%
VNT	F	0.05%
ACI	F	0.05%
AVAV	B	0.05%
EHC	C	0.05%
AMBC	F	0.05%
CTBI	B	0.05%
CERS	F	0.05%
NHI	C	0.05%
RKT	D	0.05%
CNX	A	0.05%
WTTR	B	0.05%
FOLD	F	0.05%
ITCI	D	0.05%
BRBR	A	0.05%
LPG	F	0.05%
LECO	D	0.05%
ZIP	D	0.05%
MCY	B	0.05%
KOS	F	0.05%
SMTC	C	0.05%
MMS	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	C	0.05%
THR	F	0.05%
SITE	D	0.05%
PZZA	D	0.05%
KD	D	0.05%
IRTC	F	0.05%
MDXG	F	0.04%
CLVT	D	0.04%
OI	D	0.04%
SPRY	C	0.04%
FHN	D	0.04%
ACCD	F	0.04%
OPI	F	0.04%
QDEL	D	0.04%
DIN	D	0.04%
TARS	C	0.04%
TILE	C	0.04%
TDS	C	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	A	0.04%
HSTM	B	0.04%
HELE	D	0.04%
NATL	D	0.04%
SNBR	C	0.04%
EVH	D	0.04%
SVC	D	0.04%
WBS	D	0.04%
AVXL	D	0.04%
VITL	C	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	F	0.04%
ENS	B	0.04%
ROKU	C	0.04%
IOSP	F	0.04%
CVI	D	0.04%
SONO	F	0.04%
GIII	C	0.03%
WD	C	0.03%
QRTEA	D	0.03%
RYI	D	0.03%
MOG.A	C	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%
MGNI	D	0.03%
ARCH	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	0.03%
EVTC	D	0.03%
CHRD	F	0.03%
LTH	B	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	C	0.03%
DBI	F	0.03%
XHR	A	0.03%
HNI	B	0.03%
RLI	A	0.03%
IDT	C	0.03%
BBIO	F	0.03%
QXO	F	0.03%
CORZ	C	0.03%
FL	F	0.03%
CNS	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%
OSIS	C	0.02%
SHO	B	0.02%
MSM	D	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
SLVM	C	0.02%
WOOF	B	0.02%
HMST	B	0.02%
OLPX	C	0.02%
NWL	D	0.02%
WTFC	B	0.02%
KFY	C	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%
LMAT	A	0.02%
GPRO	F	0.02%
DYN	D	0.02%
MSA	F	0.02%
EVRI	A	0.02%
PR	D	0.02%
NUS	F	0.02%
IRWD	F	0.02%
RLJ	D	0.02%
PTCT	C	0.02%
FSS	D	0.02%
AKRO	D	0.02%
EPR	C	0.02%
CNDT	B	0.02%
TGTX	D	0.02%
DY	C	0.02%
PBF	F	0.02%
JANX	C	0.02%
SUPN	D	0.02%
CRSP	F	0.02%
GMED	B	0.02%
LANC	F	0.02%
ALHC	C	0.02%
VCEL	F	0.02%
VIAV	C	0.02%
AXTA	C	0.02%
SAFE	C	0.02%
IESC	A	0.02%
USNA	F	0.02%
AMCX	F	0.02%
CWK	D	0.01%
SFIX	F	0.01%
RBRK	D	0.01%
JOBY	C	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%
SWI	B	0.01%
ARR	D	0.01%
OMER	F	0.01%
BIGC	F	0.01%
GO	F	0.01%
CRAI	B	0.01%
PCH	C	0.01%
EPC	F	0.01%
PEB	D	0.01%
POWI	F	0.01%
FLWS	F	0.01%
OIS	D	0.01%
ALGM	F	0.01%
JAMF	F	0.01%
HQY	B	0.01%
CAKE	A	0.01%
UTL	D	0.01%
UPWK	D	0.01%
WTI	C	0.01%
BKH	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%
SWX	C	0.01%
HCAT	C	0.01%
AXS	A	0.01%
ENR	B	0.01%
STGW	B	0.01%
MLAB	B	0.01%
ALAB	C	0.01%
GEF	B	0.01%
BYD	B	0.01%
UNFI	C	0.01%
XPRO	F	0.01%
NFBK	D	0.01%
KALU	D	0.01%
MBLY	F	0.01%
RHP	B	0.01%
NEXA	B	0.01%
ASGN	D	0.01%
AEIS	B	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	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%
FULT	D	0.0%
BOH	D	0.0%
JXN	A	0.0%
TRMK	D	0.0%
UNM	A	0.0%
DEI	A	0.0%
GNW	A	0.0%
PFBC	D	0.0%
BDN	B	0.0%
CASH	C	0.0%
TBBK	A	0.0%
CMA	C	0.0%
AX	D	0.0%
PRDO	D	0.0%
BKU	D	0.0%

SMLF Underweight 104 Positions Relative to TECB

Symbol	Grade	Weight
AAPL	C	-4.39%
META	A	-4.37%
NFLX	A	-4.21%
ORCL	A	-4.19%
CRM	B	-4.06%
AMZN	C	-3.94%
NVDA	B	-3.9%
MSFT	D	-3.86%
AMD	C	-3.78%
GOOGL	B	-3.54%
MRK	F	-3.29%
ADBE	F	-3.23%
PANW	B	-3.1%
NOW	B	-2.82%
V	B	-2.76%
QCOM	D	-2.7%
TXN	C	-2.67%
MA	A	-2.63%
ISRG	C	-2.41%
REGN	D	-2.04%
GILD	A	-1.91%
CRWD	D	-1.82%
ADI	B	-1.61%
MELI	D	-1.54%
INTC	D	-1.43%
FTNT	A	-1.39%
EQIX	C	-1.3%
INTU	F	-1.12%
ADSK	B	-0.83%
DLR	C	-0.82%
FI	A	-0.67%
MCHP	F	-0.59%
BAH	C	-0.58%
AME	C	-0.56%
HPQ	B	-0.56%
PYPL	A	-0.54%
SNOW	F	-0.54%
IRM	B	-0.53%
EBAY	A	-0.5%
CPNG	C	-0.45%
ZS	F	-0.44%
AKAM	D	-0.43%
HUBS	D	-0.41%
ANSS	D	-0.4%
MRNA	F	-0.4%
NTAP	D	-0.4%
TEAM	D	-0.4%
JNPR	C	-0.36%
WDC	C	-0.35%
OKTA	F	-0.34%
GDDY	B	-0.31%
FIS	A	-0.3%
MDB	D	-0.3%
INCY	B	-0.27%
PINS	D	-0.27%
SQ	D	-0.24%
COIN	F	-0.22%
SAIC	A	-0.2%
GPN	F	-0.16%
BR	B	-0.16%
TWLO	B	-0.16%
SNAP	D	-0.15%
CPAY	A	-0.14%
CGNX	F	-0.1%
SSNC	C	-0.1%
TW	A	-0.09%
DBX	C	-0.09%
JKHY	A	-0.08%
CFLT	F	-0.07%
ALTR	B	-0.07%
MKTX	B	-0.06%
TWST	D	-0.05%
INFA	D	-0.05%
IOVA	D	-0.04%
AI	D	-0.04%
GERN	D	-0.04%
CCCS	D	-0.03%
FRSH	F	-0.03%
QTWO	B	-0.03%
NVAX	C	-0.03%
ACIW	A	-0.03%
FOUR	A	-0.03%
FSLY	D	-0.02%
NCNO	F	-0.02%
MTTR	B	-0.02%
AVPT	A	-0.02%
CWAN	B	-0.02%
UPST	C	-0.02%
SIRI	C	-0.02%
APPN	C	-0.02%
PTON	C	-0.02%
DDD	D	-0.01%
PRLB	F	-0.01%
ALKT	D	-0.01%
PAYO	A	-0.01%
PAR	D	-0.01%
SYM	D	-0.01%
MQ	F	-0.01%
VERX	B	-0.01%
CXM	F	-0.01%
LPRO	D	-0.0%
WRLD	F	-0.0%
RPAY	F	-0.0%
DNA	F	-0.0%