SMLF vs. TRFM ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to AAM Transformers ETF (TRFM)

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

TRFM

AAM Transformers ETF

TRFM Description

AAM Transformers ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Advisors Asset Management, Inc. and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across aerospace & defense, electronic components, IT consulting & other services, alternative carriers, electronic equipment & instruments, oil & gas refining & marketing, application software, heavy electrical equipment, independent power and renewable electricity producers, automobile manufacturers, hotels, resorts & cruise lines and leisure, semiconductors and semiconductor equipment, communications equipment, industrial machinery, consumer electronics, interactive home entertainment, specialty chemicals, copper, interactive media & services, systems software, data processing & outsourced services, internet & direct marketing retail, technology hardware and equipment, storage & peripherals, electrical components & equipment, internet services & infrastructure, trucking, communication services, media and entertainment, telecommunication services, diversified telecommunication services, consumer discretionary, automobiles and components, consumer durables and apparel, household durables, consumer services, retailing, energy, oil, gas and consumable fuels, industrials, capital goods, machinery, transportation, road and rail, information technology, software and services, IT services, materials, chemicals, metals and mining, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Pence Transformers Index, by using full replication technique. AAM Transformers ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$35.26

Average Daily Volume

2,994

Number of Holdings ^*

174

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	TRFM
30 Days	4.99%	9.59%
60 Days	10.44%	17.32%
90 Days	9.91%	1.22%
12 Months	33.05%	34.07%

47 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in TRFM	Overlap
AEIS	B	0.01%	0.3%	0.01%
AFRM	C	0.05%	0.32%	0.05%
AGYS	D	0.04%	0.29%	0.04%
AIN	F	0.01%	0.29%	0.01%
ALGM	F	0.01%	0.3%	0.01%
APP	A	0.7%	0.94%	0.7%
APPF	C	0.07%	0.29%	0.07%
AVAV	B	0.05%	0.31%	0.05%
AXON	A	0.45%	0.67%	0.45%
AY	C	0.15%	0.29%	0.15%
BILL	D	0.03%	0.27%	0.03%
BMI	A	0.16%	0.32%	0.16%
BRZE	F	0.13%	0.25%	0.13%
CRDO	B	0.08%	0.34%	0.08%
DCI	B	0.18%	0.29%	0.18%
ENS	B	0.04%	0.29%	0.04%
ENTG	D	0.27%	0.29%	0.27%
EVTC	D	0.03%	0.29%	0.03%
EXLS	B	0.2%	0.29%	0.2%
FLNC	C	0.08%	0.33%	0.08%
FLYW	F	0.03%	0.26%	0.03%
FROG	F	0.18%	0.3%	0.18%
GNRC	B	0.13%	0.3%	0.13%
GTLB	D	0.34%	0.27%	0.27%
IOT	C	0.4%	0.68%	0.4%
ITT	C	0.32%	0.32%	0.32%
LYFT	D	0.08%	0.34%	0.08%
MTSI	B	0.08%	0.31%	0.08%
NDSN	C	0.19%	0.29%	0.19%
NTNX	C	0.5%	0.29%	0.29%
NVT	C	0.5%	0.32%	0.32%
OLED	B	0.05%	0.31%	0.05%
ONTO	B	0.21%	0.32%	0.21%
PCOR	D	0.38%	0.31%	0.31%
PI	A	0.17%	0.38%	0.17%
POWI	F	0.01%	0.29%	0.01%
RBRK	D	0.01%	0.29%	0.01%
RDDT	B	0.1%	0.33%	0.1%
RMBS	F	0.2%	0.28%	0.2%
S	C	0.05%	0.31%	0.05%
SLAB	D	0.04%	0.3%	0.04%
SMAR	A	0.27%	0.3%	0.27%
SMTC	C	0.05%	0.34%	0.05%
SPSC	D	0.13%	0.29%	0.13%
SQSP	A	0.16%	0.29%	0.16%
SYNA	F	0.11%	0.28%	0.11%
TOST	B	0.16%	0.33%	0.16%

SMLF Overweight 768 Positions Relative to TRFM

Symbol	Grade	Weight
EME	B	0.84%
EVR	C	0.72%
DECK	B	0.68%
BPOP	D	0.57%
JBL	C	0.55%
MANH	A	0.53%
WSM	C	0.52%
RS	D	0.48%
SFM	A	0.48%
ALSN	A	0.48%
WING	C	0.47%
SLG	C	0.46%
HRB	C	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%
MSTR	B	0.41%
MEDP	F	0.4%
DUOL	B	0.4%
VNO	B	0.4%
COOP	B	0.4%
AM	A	0.39%
COCO	C	0.39%
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%
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%
ALKS	B	0.3%
PSTG	F	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%
YOU	C	0.29%
SIG	C	0.28%
GPK	D	0.28%
HALO	D	0.27%
JHG	A	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%
LSCC	D	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%
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%
SKT	A	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%
CPRX	C	0.22%
LIVN	C	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%
GLPI	C	0.2%
TKR	B	0.2%
ZION	D	0.2%
SANM	D	0.2%
RRX	B	0.2%
MUR	F	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%
EXEL	B	0.19%
MATX	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%
WS	D	0.18%
KFRC	F	0.18%
BRC	C	0.18%
KNSL	B	0.18%
PRG	C	0.18%
LUMN	C	0.18%
PRGS	A	0.18%
PDM	C	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%
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%
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%
CNO	B	0.15%
NOVT	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%
CMC	D	0.14%
ODP	F	0.14%
OGS	C	0.14%
BSY	D	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%
BL	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%
OGE	C	0.13%
HOV	D	0.13%
YEXT	B	0.13%
KRC	C	0.13%
VECO	F	0.13%
VSTO	B	0.13%
NOV	F	0.13%
BPMC	F	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%
XNCR	D	0.13%
AA	B	0.13%
GFF	C	0.12%
OLN	D	0.12%
BKE	B	0.12%
CHX	C	0.12%
VRNS	B	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%
QLYS	F	0.12%
LILA	B	0.12%
BANF	D	0.12%
AWR	B	0.12%
BCRX	D	0.12%
MAT	B	0.12%
ACCO	C	0.12%
WAFD	D	0.12%
DFIN	B	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%
PARA	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%
WEX	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%
TMHC	C	0.1%
KSS	D	0.1%
INVA	B	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%
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%
VMEO	C	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%
EEFT	F	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%
TENB	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%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
BCO	C	0.08%
CAR	D	0.08%
PD	F	0.08%
LGND	C	0.08%
NXST	D	0.08%
PBH	D	0.08%
ILPT	D	0.08%
ATEN	B	0.08%
PNFP	B	0.08%
PLNT	B	0.08%
CSWI	A	0.08%
DVAX	F	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%
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%
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%
VIR	F	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%
CVLT	B	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%
AVDX	F	0.05%
ITGR	B	0.05%
PFSI	C	0.05%
RCUS	D	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%
EHC	C	0.05%
BEAM	F	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%
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%
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%
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%
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%
ALRM	F	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%
MGNI	D	0.03%
ARCH	D	0.03%
ADT	D	0.03%
SNDX	F	0.03%
OPEN	F	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%
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	C	0.02%
SHO	B	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	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%
ARCT	D	0.02%
NUS	F	0.02%
IRWD	F	0.02%
RLJ	D	0.02%
DOCN	B	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%
JOBY	C	0.01%
ZUO	F	0.01%
DINO	F	0.01%
MITK	F	0.01%
VAL	F	0.01%
PGEN	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%
FLWS	F	0.01%
OIS	D	0.01%
TDC	D	0.01%
ENVA	B	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%
SWTX	F	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%
GWRE	A	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%
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 127 Positions Relative to TRFM

Symbol	Grade	Weight
AVGO	B	-1.11%
TSLA	C	-1.05%
NVDA	B	-1.04%
AMD	C	-1.04%
ORCL	A	-1.01%
ETN	B	-1.0%
VST	A	-0.98%
META	A	-0.98%
AMZN	C	-0.97%
CRM	B	-0.97%
UBER	C	-0.96%
IBM	A	-0.95%
MSFT	D	-0.93%
NOW	B	-0.93%
GOOGL	B	-0.92%
TXN	C	-0.9%
AAPL	C	-0.89%
MA	A	-0.89%
INTU	F	-0.89%
PANW	B	-0.88%
V	B	-0.83%
ADBE	F	-0.79%
GEV	A	-0.78%
ANET	A	-0.75%
SMCI	F	-0.72%
FSLR	C	-0.7%
CRWD	D	-0.7%
DASH	A	-0.7%
MPWR	B	-0.69%
ABNB	D	-0.69%
ARM	C	-0.68%
CPNG	C	-0.68%
STX	C	-0.67%
TDG	A	-0.67%
FICO	C	-0.67%
MU	D	-0.67%
HWM	A	-0.66%
APH	D	-0.66%
RBLX	D	-0.66%
LRCX	D	-0.66%
ZS	F	-0.66%
SE	B	-0.66%
NET	D	-0.66%
CDNS	D	-0.66%
SNPS	F	-0.66%
KLAC	B	-0.66%
PDD	B	-0.66%
PINS	D	-0.66%
HUBS	D	-0.65%
ADSK	B	-0.65%
MRVL	C	-0.65%
FTV	C	-0.65%
DDOG	B	-0.65%
HEI	C	-0.64%
EMR	B	-0.64%
SQ	D	-0.64%
SHOP	B	-0.64%
SNOW	F	-0.63%
AME	C	-0.63%
TSM	B	-0.63%
FTNT	A	-0.62%
CPAY	A	-0.61%
MDB	D	-0.6%
TYL	D	-0.6%
MELI	D	-0.59%
ASML	F	-0.59%
ABBV	C	-0.59%
GFS	F	-0.59%
WDAY	D	-0.58%
TTWO	D	-0.58%
BA	F	-0.58%
TCOM	A	-0.58%
SAP	C	-0.57%
TEAM	D	-0.55%
ACN	B	-0.54%
RKLB	B	-0.42%
LI	C	-0.37%
COHR	B	-0.37%
SITM	A	-0.36%
XPEV	C	-0.35%
AES	C	-0.34%
MARA	F	-0.34%
BILI	B	-0.34%
SNAP	D	-0.34%
GRAB	C	-0.33%
LITE	A	-0.33%
MNDY	B	-0.33%
ZETA	B	-0.33%
GDS	B	-0.33%
FOUR	A	-0.32%
AI	D	-0.32%
NIO	C	-0.32%
HUBB	A	-0.32%
ASX	D	-0.32%
GLBE	C	-0.32%
CLSK	F	-0.32%
ZK	C	-0.32%
BZ	C	-0.32%
ERJ	C	-0.31%
GTLS	D	-0.31%
IPGP	D	-0.31%
WWD	C	-0.3%
UMC	D	-0.3%
PTC	B	-0.3%
CWAN	B	-0.3%
TER	C	-0.3%
CYBR	C	-0.3%
BE	F	-0.29%
CLBT	B	-0.29%
AMBA	C	-0.29%
ALKT	D	-0.29%
DT	B	-0.29%
VERX	B	-0.29%
FORM	D	-0.29%
PAY	D	-0.29%
ORA	C	-0.29%
SPR	D	-0.28%
MQ	F	-0.28%
GLOB	D	-0.28%
HCP	A	-0.28%
RUN	D	-0.28%
CFLT	F	-0.28%
CGNX	F	-0.28%
DLO	D	-0.27%
PAGS	F	-0.27%
STNE	F	-0.27%
RIVN	F	-0.23%

TRFM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Aerospace & Defense Semiconductor Equipment & Materials Information Technology Services Auto Manufacturers Diversified Industrials Electronic Components Internet Content & Information Scientific & Technical Instruments Business Services Internet Content & Information Specialty Retail Utilities - Independent Power Producers Communication Equipment Credit Services Data Storage Electronic Gaming & Multimedia Internet Retail