SMLF vs. UMDD ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to UltraPro MidCap400 (UMDD)

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

$73.06

Average Daily Volume

71,849

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

UMDD

UltraPro MidCap400

UMDD Description

The investment seeks daily investment results that correspond to three times (3x) the daily performance of the S&P MidCap400Â®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors criteria such as liquidity, price, market capitalization and financial viability. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.26

Average Daily Volume

17,088

Number of Holdings ^*

394

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	UMDD
30 Days	10.53%	20.73%
60 Days	10.49%	19.96%
90 Days	11.95%	21.01%
12 Months	40.74%	91.38%

266 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in UMDD	Overlap
AA	B	0.13%	0.19%	0.13%
ACHC	F	0.04%	0.07%	0.04%
ACM	A	0.19%	0.26%	0.19%
AGCO	D	0.2%	0.1%	0.1%
AIT	A	0.12%	0.19%	0.12%
ALGM	D	0.01%	0.06%	0.01%
ALV	C	0.08%	0.13%	0.08%
AM	A	0.37%	0.09%	0.09%
AMG	B	0.23%	0.1%	0.1%
AMH	D	0.25%	0.21%	0.21%
AN	C	0.24%	0.08%	0.08%
ANF	C	0.3%	0.13%	0.13%
APPF	B	0.06%	0.1%	0.06%
AR	B	0.21%	0.16%	0.16%
ARW	D	0.18%	0.11%	0.11%
ARWR	F	0.04%	0.05%	0.04%
ASB	B	0.1%	0.07%	0.07%
ASGN	F	0.01%	0.07%	0.01%
ASH	D	0.07%	0.07%	0.07%
AVNT	B	0.18%	0.09%	0.09%
AXTA	A	0.03%	0.16%	0.03%
AYI	B	0.35%	0.18%	0.18%
BC	C	0.09%	0.1%	0.09%
BCO	D	0.06%	0.08%	0.06%
BDC	B	0.08%	0.09%	0.08%
BERY	B	0.1%	0.14%	0.1%
BJ	A	0.16%	0.21%	0.16%
BKH	A	0.01%	0.08%	0.01%
BLD	D	0.21%	0.2%	0.2%
BLKB	B	0.13%	0.06%	0.06%
BRBR	A	0.06%	0.17%	0.06%
BRKR	D	0.14%	0.11%	0.11%
BRX	A	0.37%	0.16%	0.16%
BWXT	B	0.13%	0.21%	0.13%
BYD	C	0.01%	0.09%	0.01%
CACI	D	0.02%	0.2%	0.02%
CAR	C	0.09%	0.03%	0.03%
CASY	A	0.06%	0.27%	0.06%
CBSH	A	0.24%	0.15%	0.15%
CBT	C	0.12%	0.11%	0.11%
CC	C	0.06%	0.05%	0.05%
CDP	C	0.03%	0.06%	0.03%
CELH	F	0.04%	0.08%	0.04%
CFR	B	0.25%	0.16%	0.16%
CHDN	B	0.1%	0.19%	0.1%
CHE	D	0.3%	0.15%	0.15%
CHRD	D	0.03%	0.15%	0.03%
CHWY	B	0.03%	0.08%	0.03%
CHX	C	0.11%	0.11%	0.11%
CIEN	B	0.03%	0.18%	0.03%
CLH	B	0.07%	0.23%	0.07%
CMC	B	0.14%	0.12%	0.12%
CNM	D	0.36%	0.15%	0.15%
CNO	A	0.16%	0.08%	0.08%
CNX	A	0.06%	0.11%	0.06%
COKE	C	0.22%	0.13%	0.13%
COTY	F	0.06%	0.05%	0.05%
CR	A	0.35%	0.15%	0.15%
CROX	D	0.19%	0.11%	0.11%
CRUS	D	0.11%	0.1%	0.1%
CSL	C	0.41%	0.38%	0.38%
CUBE	D	0.11%	0.2%	0.11%
CUZ	B	0.08%	0.09%	0.08%
CVLT	B	0.08%	0.14%	0.08%
CW	B	0.23%	0.25%	0.23%
CXT	B	0.09%	0.05%	0.05%
CYTK	F	0.11%	0.12%	0.11%
DCI	B	0.18%	0.17%	0.17%
DINO	D	0.01%	0.13%	0.01%
DKS	C	0.38%	0.21%	0.21%
DOCS	C	0.15%	0.12%	0.12%
DTM	B	0.2%	0.18%	0.18%
DUOL	A	0.44%	0.22%	0.22%
EEFT	B	0.09%	0.08%	0.08%
EGP	F	0.09%	0.15%	0.09%
EHC	B	0.05%	0.19%	0.05%
ELF	C	0.2%	0.13%	0.13%
EME	C	0.94%	0.42%	0.42%
ENS	D	0.04%	0.07%	0.04%
ENSG	D	0.14%	0.15%	0.14%
EPR	D	0.02%	0.06%	0.02%
ESAB	B	0.18%	0.13%	0.13%
EVR	B	0.81%	0.19%	0.19%
EWBC	A	0.39%	0.26%	0.26%
EXEL	B	0.24%	0.18%	0.18%
EXLS	B	0.23%	0.13%	0.13%
EXPO	D	0.09%	0.09%	0.09%
FAF	A	0.16%	0.12%	0.12%
FCN	D	0.04%	0.13%	0.04%
FFIN	B	0.05%	0.1%	0.05%
FHI	A	0.11%	0.06%	0.06%
FHN	A	0.04%	0.2%	0.04%
FIX	A	0.44%	0.28%	0.28%
FLO	D	0.06%	0.08%	0.06%
FLR	B	0.08%	0.16%	0.08%
FN	D	0.06%	0.17%	0.06%
FR	C	0.31%	0.13%	0.13%
FYBR	D	0.13%	0.14%	0.13%
GAP	C	0.23%	0.09%	0.09%
GATX	A	0.15%	0.1%	0.1%
GEF	A	0.01%	0.03%	0.01%
GGG	B	0.3%	0.27%	0.27%
GLPI	C	0.18%	0.24%	0.18%
GME	C	0.16%	0.19%	0.16%
GMED	A	0.03%	0.17%	0.03%
GPK	C	0.26%	0.16%	0.16%
HAE	C	0.2%	0.08%	0.08%
HALO	F	0.24%	0.12%	0.12%
HLI	B	0.18%	0.18%	0.18%
HOG	D	0.15%	0.07%	0.07%
HQY	B	0.01%	0.15%	0.01%
HRB	D	0.4%	0.15%	0.15%
HWC	B	0.08%	0.09%	0.08%
HXL	D	0.01%	0.09%	0.01%
IBKR	A	0.45%	0.35%	0.35%
IBOC	A	0.11%	0.07%	0.07%
IDA	A	0.46%	0.11%	0.11%
ITT	A	0.31%	0.23%	0.23%
JEF	A	0.4%	0.22%	0.22%
JHG	A	0.31%	0.11%	0.11%
KBR	F	0.12%	0.15%	0.12%
KD	B	0.06%	0.12%	0.06%
KNF	A	0.07%	0.1%	0.07%
KNSL	B	0.18%	0.19%	0.18%
KRC	C	0.12%	0.08%	0.08%
KRG	B	0.17%	0.11%	0.11%
LAMR	D	0.33%	0.2%	0.2%
LANC	C	0.02%	0.06%	0.02%
LECO	B	0.05%	0.21%	0.05%
LFUS	F	0.05%	0.11%	0.05%
LIVN	F	0.2%	0.05%	0.05%
LNTH	D	0.17%	0.1%	0.1%
LNW	D	0.17%	0.15%	0.15%
LPX	B	0.41%	0.13%	0.13%
LSCC	D	0.23%	0.13%	0.13%
LSTR	D	0.1%	0.12%	0.1%
M	D	0.19%	0.08%	0.08%
MAN	D	0.04%	0.05%	0.04%
MANH	D	0.5%	0.31%	0.31%
MASI	A	0.08%	0.13%	0.08%
MAT	D	0.12%	0.12%	0.12%
MEDP	D	0.38%	0.15%	0.15%
MIDD	C	0.08%	0.13%	0.08%
MKSI	C	0.08%	0.14%	0.08%
MMS	F	0.04%	0.09%	0.04%
MSA	D	0.02%	0.12%	0.02%
MSM	C	0.02%	0.07%	0.02%
MTG	C	0.09%	0.12%	0.09%
MTN	C	0.09%	0.12%	0.09%
MTSI	B	0.09%	0.13%	0.09%
MUR	D	0.19%	0.09%	0.09%
NFG	A	0.13%	0.1%	0.1%
NJR	A	0.14%	0.09%	0.09%
NNN	D	0.1%	0.14%	0.1%
NOV	C	0.12%	0.12%	0.12%
NOVT	D	0.14%	0.11%	0.11%
NSP	D	0.11%	0.05%	0.05%
NVST	B	0.06%	0.06%	0.06%
NVT	B	0.49%	0.22%	0.22%
NXST	C	0.07%	0.09%	0.07%
NYT	C	0.12%	0.16%	0.12%
OC	A	0.18%	0.31%	0.18%
OGE	B	0.12%	0.15%	0.12%
OGS	A	0.13%	0.08%	0.08%
OHI	C	0.09%	0.19%	0.09%
OLED	D	0.03%	0.13%	0.03%
OLN	D	0.09%	0.09%	0.09%
ONTO	D	0.15%	0.15%	0.15%
OPCH	D	0.08%	0.07%	0.07%
ORI	A	0.41%	0.16%	0.16%
OVV	B	0.25%	0.22%	0.22%
OZK	B	0.08%	0.09%	0.08%
PBF	D	0.02%	0.06%	0.02%
PCH	D	0.01%	0.05%	0.01%
PCTY	B	0.14%	0.16%	0.14%
PEN	B	0.07%	0.17%	0.07%
PII	D	0.01%	0.06%	0.01%
PK	B	0.05%	0.06%	0.05%
PLNT	A	0.09%	0.15%	0.09%
PNFP	B	0.1%	0.17%	0.1%
POR	C	0.07%	0.09%	0.07%
POWI	D	0.01%	0.06%	0.01%
PR	B	0.02%	0.18%	0.02%
PRGO	B	0.04%	0.07%	0.04%
PRI	A	0.28%	0.18%	0.18%
PSTG	D	0.29%	0.28%	0.28%
PVH	C	0.17%	0.11%	0.11%
QLYS	C	0.13%	0.1%	0.1%
R	B	0.28%	0.13%	0.13%
RGEN	D	0.08%	0.14%	0.08%
RGLD	C	0.14%	0.17%	0.14%
RLI	B	0.03%	0.13%	0.03%
RMBS	C	0.24%	0.1%	0.1%
RNR	C	0.21%	0.24%	0.21%
ROIV	C	0.01%	0.09%	0.01%
RPM	A	0.22%	0.32%	0.22%
RRC	B	0.19%	0.15%	0.15%
RRX	B	0.2%	0.21%	0.2%
RS	B	0.49%	0.31%	0.31%
RYAN	B	0.13%	0.13%	0.13%
RYN	D	0.06%	0.07%	0.06%
SAIA	B	0.12%	0.26%	0.12%
SCI	B	0.14%	0.22%	0.14%
SF	B	0.17%	0.22%	0.17%
SFM	A	0.6%	0.26%	0.26%
SLAB	D	0.03%	0.06%	0.03%
SLG	B	0.49%	0.0%	0.0%
SLM	A	0.16%	0.1%	0.1%
SMG	D	0.19%	0.06%	0.06%
SNV	B	0.05%	0.15%	0.05%
SON	D	0.09%	0.09%	0.09%
SR	A	0.12%	0.07%	0.07%
SRPT	D	0.2%	0.19%	0.19%
SSB	B	0.02%	0.15%	0.02%
SSD	D	0.14%	0.14%	0.14%
STAG	F	0.04%	0.12%	0.04%
STWD	C	0.06%	0.11%	0.06%
SWX	B	0.01%	0.08%	0.01%
SYNA	C	0.1%	0.05%	0.05%
TCBI	B	0.03%	0.07%	0.03%
TDC	D	0.01%	0.05%	0.01%
TEX	D	0.19%	0.06%	0.06%
THC	D	0.31%	0.28%	0.28%
THO	B	0.13%	0.11%	0.11%
TKR	D	0.17%	0.09%	0.09%
TMHC	B	0.09%	0.13%	0.09%
TNL	A	0.16%	0.07%	0.07%
TOL	B	0.16%	0.29%	0.16%
TPX	B	0.24%	0.17%	0.17%
TREX	C	0.24%	0.14%	0.14%
TTC	D	0.14%	0.16%	0.14%
TTEK	F	0.29%	0.2%	0.2%
TXRH	C	0.07%	0.24%	0.07%
UA	C	0.14%	0.02%	0.02%
UFPI	B	0.23%	0.15%	0.15%
UGI	A	0.1%	0.09%	0.09%
UMBF	B	0.14%	0.1%	0.1%
UNM	A	0.0%	0.22%	0.0%
USFD	A	0.18%	0.29%	0.18%
UTHR	C	0.38%	0.31%	0.31%
VAC	B	0.07%	0.05%	0.05%
VAL	D	0.01%	0.06%	0.01%
VC	D	0.08%	0.05%	0.05%
VMI	B	0.15%	0.13%	0.13%
VNO	B	0.41%	0.13%	0.13%
VNT	B	0.05%	0.11%	0.05%
VOYA	B	0.17%	0.15%	0.15%
VSH	D	0.09%	0.03%	0.03%
WAL	B	0.1%	0.18%	0.1%
WBS	A	0.05%	0.19%	0.05%
WCC	B	0.2%	0.17%	0.17%
WEN	D	0.12%	0.06%	0.06%
WEX	D	0.09%	0.14%	0.09%
WFRD	D	0.35%	0.11%	0.11%
WH	B	0.12%	0.14%	0.12%
WING	D	0.36%	0.18%	0.18%
WMS	D	0.1%	0.17%	0.1%
WSM	B	0.42%	0.31%	0.31%
WSO	A	0.31%	0.33%	0.31%
WTFC	A	0.02%	0.16%	0.02%
WTS	B	0.12%	0.11%	0.11%
X	C	0.1%	0.15%	0.1%
XPO	B	0.17%	0.32%	0.17%
XRAY	F	0.2%	0.07%	0.07%
YETI	C	0.08%	0.06%	0.06%
ZION	B	0.24%	0.16%	0.16%

SMLF Overweight 544 Positions Relative to UMDD

Symbol	Grade	Weight
APP	B	1.49%
MSTR	C	0.73%
DECK	A	0.72%
AXON	A	0.66%
ALSN	B	0.56%
NTNX	A	0.56%
JBL	B	0.55%
BPOP	B	0.53%
MLI	C	0.49%
CVNA	B	0.46%
COCO	B	0.43%
PCOR	B	0.42%
COOP	B	0.41%
IOT	A	0.41%
NTRA	B	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
POWL	C	0.38%
PIPR	B	0.34%
CAVA	B	0.34%
WK	B	0.34%
HSII	B	0.31%
FLEX	A	0.31%
SOLV	C	0.31%
MAC	B	0.31%
DDS	B	0.31%
TPR	B	0.3%
ALKS	B	0.3%
SPXC	A	0.3%
CORT	B	0.3%
EXE	B	0.29%
STRL	B	0.29%
AGO	B	0.27%
INTA	A	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
SIG	B	0.26%
MOD	A	0.25%
HURN	B	0.25%
CPRX	C	0.24%
SKT	B	0.24%
IMKTA	C	0.24%
ENTG	D	0.23%
YOU	D	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	A	0.22%
APA	D	0.22%
WS	B	0.22%
AXSM	B	0.22%
MATX	C	0.21%
TOST	B	0.21%
AZPN	A	0.21%
ETSY	D	0.2%
RDDT	B	0.2%
ATKR	C	0.2%
DNLI	D	0.2%
BBWI	D	0.2%
TPG	A	0.2%
LUMN	C	0.2%
RNG	B	0.19%
JOE	F	0.19%
NAVI	C	0.19%
GH	B	0.19%
HAS	D	0.19%
PRGS	A	0.18%
XRX	F	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	B	0.18%
HIW	D	0.18%
FROG	C	0.18%
MMYT	B	0.17%
ACLX	C	0.17%
BRC	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
RHI	B	0.17%
AIZ	A	0.17%
EXTR	B	0.17%
PRKS	C	0.17%
JBSS	D	0.17%
KIM	A	0.16%
IVT	B	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
BL	B	0.16%
BMI	B	0.16%
WTM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
AGNC	D	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
LBTYA	B	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
ONON	A	0.15%
XNCR	B	0.15%
GES	F	0.15%
RL	B	0.15%
W	F	0.15%
FTAI	B	0.15%
SPB	C	0.15%
ABG	B	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	A	0.15%
AMR	C	0.14%
ATI	D	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	B	0.14%
IONS	F	0.14%
PI	D	0.14%
YEXT	A	0.14%
AY	B	0.14%
SPT	C	0.14%
TPH	D	0.14%
VMEO	B	0.13%
BPMC	C	0.13%
IPAR	B	0.13%
TNET	D	0.13%
ACCO	C	0.13%
BRZE	C	0.13%
GOLF	B	0.13%
KAI	A	0.13%
BDN	C	0.13%
SFBS	B	0.13%
NUVL	D	0.13%
INSP	D	0.12%
AROC	B	0.12%
AWR	B	0.12%
GEO	B	0.12%
BASE	C	0.12%
SATS	D	0.12%
ACLS	F	0.12%
GFF	A	0.12%
BKE	B	0.12%
BSY	D	0.12%
WAFD	B	0.12%
NTCT	C	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
PARA	C	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	B	0.11%
MFA	D	0.11%
ACAD	D	0.11%
HTH	B	0.11%
CARG	C	0.11%
SPSC	C	0.11%
BAND	B	0.11%
ODP	F	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
MDGL	B	0.11%
BCRX	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
HP	B	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
IVZ	B	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	B	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
AGM	C	0.1%
KLIC	B	0.1%
INSM	C	0.1%
VRNS	D	0.1%
HIMS	B	0.1%
WSC	D	0.09%
PHIN	A	0.09%
JACK	D	0.09%
MRC	B	0.09%
PCVX	D	0.09%
HEES	B	0.09%
ATEN	B	0.09%
APG	B	0.09%
PBH	A	0.09%
HI	C	0.09%
LGND	B	0.09%
VERA	B	0.09%
LZ	D	0.09%
FLG	C	0.09%
IDCC	A	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
INVA	D	0.09%
COUR	F	0.09%
UPBD	B	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
CUBI	C	0.09%
CRS	A	0.09%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
VIR	D	0.08%
PEGA	A	0.08%
CAL	D	0.08%
ELAN	D	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	A	0.08%
PD	C	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
CACC	D	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	D	0.08%
AGX	B	0.08%
KSS	F	0.08%
CARS	B	0.08%
CSWI	A	0.08%
CNMD	C	0.07%
AFRM	B	0.07%
UNIT	B	0.07%
EQC	B	0.07%
DH	D	0.07%
HASI	D	0.07%
AMRX	C	0.07%
EYPT	F	0.07%
WYNN	D	0.07%
MATV	D	0.07%
RIG	D	0.07%
AMPH	D	0.07%
LXP	D	0.07%
AMPL	C	0.07%
FLNC	C	0.07%
WLY	B	0.07%
NBR	C	0.07%
EPAC	B	0.07%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
PLUS	F	0.07%
SM	B	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
WNC	C	0.07%
AVXL	B	0.06%
YELP	C	0.06%
OXM	D	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
S	B	0.06%
TNC	D	0.06%
NXT	C	0.06%
ILPT	D	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
TRN	C	0.06%
MCY	A	0.06%
CTBI	B	0.06%
MPW	F	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
RDN	C	0.06%
WTTR	B	0.06%
IRTC	D	0.06%
ADEA	D	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
MED	F	0.06%
FOLD	F	0.05%
AVAV	D	0.05%
ITGR	B	0.05%
ACI	C	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	D	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
TILE	B	0.05%
BEAM	D	0.05%
SITE	D	0.05%
CERS	C	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	F	0.05%
TARS	B	0.05%
SMTC	B	0.05%
ZIP	F	0.05%
THR	B	0.05%
APLS	D	0.05%
ASAN	C	0.05%
WBA	F	0.05%
MDXG	B	0.05%
WGO	C	0.05%
CENTA	C	0.05%
HPP	F	0.04%
MDU	D	0.04%
DAWN	F	0.04%
CORZ	A	0.04%
PFSI	D	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
LPG	F	0.04%
FLYW	C	0.04%
AGS	A	0.04%
IDT	B	0.04%
SANA	F	0.04%
TPB	B	0.04%
SAH	A	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	C	0.04%
KLG	C	0.04%
AGYS	A	0.04%
ARRY	C	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	B	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	D	0.04%
IBP	D	0.04%
NHI	D	0.04%
HSTM	B	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	B	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
ALHC	C	0.03%
VIAV	B	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
SUPN	C	0.03%
FL	F	0.03%
VNDA	C	0.03%
RGNX	F	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
NX	C	0.03%
EMBC	C	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	B	0.03%
XHR	B	0.03%
VIRT	B	0.03%
QDEL	F	0.03%
REVG	B	0.03%
SNBR	F	0.03%
RYI	C	0.03%
IESC	B	0.03%
UDMY	F	0.03%
ARCH	B	0.03%
BRSP	B	0.03%
MGNI	A	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	D	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
RPD	C	0.03%
SPRY	D	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RKT	F	0.03%
UVE	B	0.03%
NRC	F	0.03%
OI	C	0.03%
BKD	D	0.03%
CVI	F	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SLVM	B	0.02%
OSIS	B	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
ARCT	F	0.02%
OMER	A	0.02%
VSTS	C	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	C	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	D	0.02%
KFY	B	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DAN	D	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
NUS	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
MTW	C	0.02%
DY	D	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	F	0.02%
RLJ	C	0.02%
CRSP	D	0.02%
TLRY	F	0.02%
SITC	D	0.02%
SVC	F	0.02%
TWO	D	0.02%
CNDT	C	0.02%
OPEN	D	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
ARCB	C	0.02%
PDCO	D	0.02%
CALX	D	0.02%
CWK	B	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
EPC	D	0.01%
SFIX	B	0.01%
FLWS	F	0.01%
XPRO	F	0.01%
MBC	D	0.01%
BIGC	C	0.01%
MLAB	D	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
CRAI	B	0.01%
SWI	B	0.01%
MITK	C	0.01%
NTLA	F	0.01%
VRE	B	0.01%
TR	B	0.01%
TTGT	C	0.01%
HCAT	D	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
CAKE	C	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	C	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	C	0.01%
UPWK	B	0.01%
NFBK	B	0.01%
SHO	C	0.01%
AEIS	B	0.01%
MAGN	F	0.0%
BFH	B	0.0%
MC	C	0.0%
SEE	C	0.0%
CHCO	B	0.0%
GDOT	D	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
FULT	A	0.0%
EIG	B	0.0%
JXN	C	0.0%
BOH	B	0.0%
DEI	B	0.0%
TRMK	B	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
PRDO	B	0.0%
BKU	A	0.0%
CMA	A	0.0%
AX	A	0.0%
OFG	B	0.0%

SMLF Underweight 128 Positions Relative to UMDD

Symbol	Grade	Weight
TPL	A	-0.46%
ILMN	D	-0.41%
LII	A	-0.36%
BURL	A	-0.31%
RBA	A	-0.31%
DOCU	A	-0.3%
FNF	B	-0.29%
DT	C	-0.29%
EQH	B	-0.28%
COHR	B	-0.28%
RGA	A	-0.27%
AVTR	F	-0.26%
PFGC	B	-0.24%
ELS	C	-0.24%
NBIX	C	-0.23%
JLL	D	-0.23%
BMRN	D	-0.23%
WPC	D	-0.22%
ATR	B	-0.21%
CG	A	-0.2%
CCK	C	-0.2%
FND	C	-0.2%
ARMK	B	-0.19%
AFG	A	-0.19%
EXP	A	-0.19%
WWD	B	-0.19%
WTRG	B	-0.18%
INGR	B	-0.18%
MUSA	A	-0.18%
ALLY	C	-0.18%
LAD	A	-0.18%
RBC	A	-0.17%
REXR	F	-0.17%
MORN	B	-0.17%
FBIN	D	-0.17%
CNH	C	-0.17%
AAL	B	-0.17%
SNX	C	-0.16%
AAON	B	-0.16%
KNX	B	-0.16%
SEIC	B	-0.15%
SKX	D	-0.15%
MTZ	B	-0.15%
KEX	C	-0.14%
ADC	B	-0.14%
JAZZ	B	-0.14%
FLS	B	-0.14%
TKO	B	-0.14%
PB	A	-0.14%
HLNE	B	-0.14%
CADE	B	-0.13%
CGNX	C	-0.13%
ONB	B	-0.13%
GNTX	C	-0.13%
H	B	-0.13%
GTLS	B	-0.13%
GXO	B	-0.13%
OSK	B	-0.13%
G	B	-0.13%
GBCI	B	-0.12%
DAR	C	-0.12%
SAIC	F	-0.12%
COLB	A	-0.12%
DBX	B	-0.12%
BIO	D	-0.12%
MTDR	B	-0.12%
LITE	B	-0.11%
THG	A	-0.11%
ESNT	D	-0.11%
FNB	A	-0.11%
SIGI	C	-0.11%
ALTR	B	-0.11%
WHR	B	-0.11%
CLF	F	-0.1%
LEA	D	-0.1%
VVV	F	-0.1%
KBH	D	-0.1%
OLLI	D	-0.1%
HOMB	A	-0.1%
UBSI	B	-0.1%
VLY	B	-0.09%
CIVI	D	-0.09%
PSN	D	-0.09%
IRT	A	-0.09%
WMG	C	-0.09%
LOPE	B	-0.09%
RH	B	-0.09%
FIVE	F	-0.09%
ST	F	-0.09%
POST	C	-0.09%
PNM	F	-0.08%
WLK	D	-0.08%
NEU	C	-0.08%
ORA	B	-0.08%
SBRA	C	-0.08%
KMPR	B	-0.08%
DLB	B	-0.08%
SLGN	A	-0.08%
AVT	C	-0.08%
ALE	A	-0.07%
PAG	B	-0.06%
ZI	D	-0.06%
BHF	B	-0.06%
GHC	C	-0.06%
CHH	A	-0.06%
NWE	B	-0.06%
IRDM	D	-0.06%
WU	D	-0.06%
ENOV	C	-0.05%
GT	C	-0.05%
HGV	B	-0.05%
COLM	B	-0.05%
SAM	C	-0.05%
NEOG	F	-0.05%
AMKR	D	-0.05%
AMED	F	-0.05%
NSA	D	-0.05%
PPC	C	-0.04%
IPGP	D	-0.04%
AZTA	D	-0.04%
JWN	C	-0.04%
RCM	F	-0.04%
SHC	F	-0.04%
CPRI	F	-0.04%
UAA	C	-0.03%
CNXC	F	-0.03%
CRI	D	-0.03%
EXR	D	-0.0%