SMLF vs. VCR ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Vanguard Consumer Discretion ETF - DNQ (VCR)

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

$70.37

Average Daily Volume

70,017

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

VCR

Vanguard Consumer Discretion ETF - DNQ

VCR Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Discretionary 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer discretionary sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$363.08

Average Daily Volume

46,078

Number of Holdings ^*

288

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	VCR
30 Days	3.58%	7.13%
60 Days	6.73%	8.24%
90 Days	9.95%	13.43%
12 Months	35.13%	29.51%

99 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in VCR	Overlap
ABG	B	0.15%	0.1%	0.1%
AEO	F	0.05%	0.1%	0.05%
ALV	C	0.08%	0.14%	0.08%
AN	D	0.24%	0.11%	0.11%
ANF	C	0.3%	0.15%	0.15%
ASO	F	0.06%	0.1%	0.06%
BBWI	C	0.2%	0.13%	0.13%
BC	D	0.09%	0.13%	0.09%
BKE	B	0.12%	0.06%	0.06%
BLD	F	0.21%	0.25%	0.21%
BLMN	F	0.05%	0.04%	0.04%
BYD	B	0.01%	0.11%	0.01%
CAKE	B	0.01%	0.06%	0.01%
CAL	F	0.08%	0.05%	0.05%
CHDN	C	0.1%	0.18%	0.1%
CHWY	B	0.03%	0.12%	0.03%
COUR	F	0.09%	0.04%	0.04%
CROX	F	0.19%	0.18%	0.18%
CVCO	A	0.16%	0.09%	0.09%
CVNA	A	0.46%	0.35%	0.35%
DAN	F	0.02%	0.04%	0.02%
DBI	F	0.02%	0.02%	0.02%
DDS	B	0.31%	0.05%	0.05%
DECK	A	0.72%	0.45%	0.45%
DIN	C	0.04%	0.03%	0.03%
DKS	D	0.38%	0.24%	0.24%
DUOL	A	0.44%	0.19%	0.19%
ETSY	D	0.2%	0.14%	0.14%
EVRI	A	0.02%	0.06%	0.02%
FL	F	0.03%	0.07%	0.03%
FLWS	F	0.01%	0.01%	0.01%
GAP	D	0.23%	0.11%	0.11%
GCO	C	0.07%	0.02%	0.02%
GES	F	0.15%	0.03%	0.03%
GIII	D	0.02%	0.05%	0.02%
GME	C	0.16%	0.14%	0.14%
GOLF	B	0.13%	0.06%	0.06%
GPI	B	0.22%	0.12%	0.12%
GPRO	F	0.02%	0.01%	0.01%
HAS	D	0.19%	0.19%	0.19%
HELE	C	0.04%	0.04%	0.04%
HOG	F	0.15%	0.12%	0.12%
HOV	D	0.1%	0.05%	0.05%
HRB	D	0.4%	0.19%	0.19%
IBP	F	0.04%	0.13%	0.04%
JACK	D	0.09%	0.04%	0.04%
KSS	F	0.08%	0.06%	0.06%
LNW	F	0.17%	0.16%	0.16%
LOVE	A	0.11%	0.03%	0.03%
LRN	A	0.16%	0.09%	0.09%
LTH	C	0.03%	0.06%	0.03%
M	D	0.19%	0.09%	0.09%
MAT	D	0.12%	0.14%	0.12%
MOD	A	0.25%	0.15%	0.15%
MTN	C	0.09%	0.14%	0.09%
NWL	B	0.02%	0.08%	0.02%
ODP	F	0.11%	0.04%	0.04%
OXM	F	0.06%	0.05%	0.05%
PHIN	B	0.09%	0.07%	0.07%
PII	F	0.01%	0.1%	0.01%
PLNT	A	0.09%	0.15%	0.09%
PRDO	B	0.0%	0.05%	0.0%
PVH	C	0.17%	0.12%	0.12%
PZZA	F	0.05%	0.06%	0.05%
QRTEA	F	0.02%	0.02%	0.02%
RL	C	0.15%	0.16%	0.15%
SAH	B	0.04%	0.04%	0.04%
SCI	A	0.14%	0.23%	0.14%
SFIX	B	0.01%	0.01%	0.01%
SIG	C	0.26%	0.11%	0.11%
SKY	A	0.15%	0.12%	0.12%
SNBR	F	0.03%	0.02%	0.02%
SONO	C	0.05%	0.05%	0.05%
SWIM	D	0.03%	0.02%	0.02%
THO	C	0.13%	0.13%	0.13%
TMHC	B	0.09%	0.16%	0.09%
TNL	B	0.16%	0.08%	0.08%
TOL	B	0.16%	0.31%	0.16%
TPH	D	0.14%	0.11%	0.11%
TPR	B	0.3%	0.21%	0.21%
TPX	B	0.24%	0.19%	0.19%
TXRH	B	0.07%	0.23%	0.07%
UA	C	0.14%	0.06%	0.06%
UDMY	D	0.03%	0.03%	0.03%
UPBD	C	0.09%	0.05%	0.05%
VAC	C	0.07%	0.06%	0.06%
VC	F	0.08%	0.07%	0.07%
VFC	C	0.08%	0.16%	0.08%
VSTO	A	0.14%	0.07%	0.07%
W	D	0.15%	0.11%	0.11%
WEN	C	0.12%	0.08%	0.08%
WGO	D	0.05%	0.06%	0.05%
WH	B	0.12%	0.14%	0.12%
WING	D	0.36%	0.24%	0.24%
WOOF	D	0.02%	0.03%	0.02%
WOR	F	0.08%	0.04%	0.04%
WSM	D	0.42%	0.37%	0.37%
WYNN	D	0.07%	0.19%	0.07%
YETI	D	0.08%	0.09%	0.08%

SMLF Overweight 711 Positions Relative to VCR

Symbol	Grade	Weight
APP	A	1.49%
EME	A	0.94%
EVR	B	0.81%
MSTR	A	0.73%
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%
SLG	B	0.49%
MLI	B	0.49%
RS	B	0.49%
NVT	C	0.49%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
COCO	A	0.43%
PCOR	C	0.42%
CSL	C	0.41%
COOP	B	0.41%
LPX	B	0.41%
IOT	A	0.41%
VNO	C	0.41%
ORI	A	0.41%
JEF	A	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%
MEDP	D	0.38%
BRX	A	0.37%
AM	A	0.37%
CNM	C	0.36%
WFRD	F	0.35%
CR	A	0.35%
AYI	B	0.35%
PIPR	B	0.34%
CAVA	C	0.34%
WK	C	0.34%
LAMR	D	0.33%
JHG	B	0.31%
HSII	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	B	0.31%
FR	C	0.31%
SOLV	F	0.31%
MAC	A	0.31%
THC	C	0.31%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	C	0.3%
CHE	F	0.3%
GGG	B	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	A	0.29%
PSTG	F	0.29%
PRI	A	0.28%
R	B	0.28%
AGO	A	0.27%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
GPK	D	0.26%
AMH	C	0.25%
OVV	C	0.25%
HURN	B	0.25%
CFR	B	0.25%
CPRX	C	0.24%
CBSH	A	0.24%
TREX	D	0.24%
RMBS	C	0.24%
SKT	A	0.24%
HALO	F	0.24%
EXEL	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	F	0.23%
LSCC	D	0.23%
AMG	C	0.23%
YOU	D	0.23%
UFPI	C	0.23%
EXLS	B	0.23%
BCC	C	0.22%
SANM	B	0.22%
APA	F	0.22%
RPM	B	0.22%
WS	B	0.22%
COKE	C	0.22%
AXSM	B	0.22%
MATX	B	0.21%
RNR	C	0.21%
AR	B	0.21%
TOST	A	0.21%
AZPN	A	0.21%
SRPT	F	0.2%
LIVN	D	0.2%
RDDT	A	0.2%
XRAY	D	0.2%
ELF	C	0.2%
ATKR	D	0.2%
RRX	B	0.2%
AGCO	F	0.2%
DTM	A	0.2%
DNLI	C	0.2%
HAE	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	D	0.19%
RNG	C	0.19%
SMG	C	0.19%
JOE	F	0.19%
NAVI	F	0.19%
ACM	B	0.19%
GH	B	0.19%
MUR	F	0.19%
RRC	B	0.19%
HLI	B	0.18%
PRGS	B	0.18%
KNSL	B	0.18%
XRX	F	0.18%
ARW	F	0.18%
TDOC	D	0.18%
NDSN	D	0.18%
VCYT	B	0.18%
ESAB	C	0.18%
USFD	A	0.18%
HIW	D	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%
ACLX	C	0.17%
TKR	F	0.17%
BRC	C	0.17%
LNTH	F	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	A	0.17%
RHI	C	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
BL	C	0.16%
BMI	C	0.16%
BJ	B	0.16%
WTM	A	0.16%
SLM	B	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	C	0.16%
OMF	A	0.16%
PGRE	D	0.16%
KFRC	D	0.16%
GATX	B	0.15%
LBTYA	F	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
ONON	B	0.15%
XNCR	B	0.15%
ONTO	F	0.15%
VMI	B	0.15%
FTAI	A	0.15%
DOCS	C	0.15%
SPB	C	0.15%
CWEN	C	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%
BANF	B	0.14%
MMSI	A	0.14%
NOVT	D	0.14%
IONS	F	0.14%
PI	D	0.14%
CMC	B	0.14%
BRKR	F	0.14%
NJR	A	0.14%
ENSG	D	0.14%
TTC	F	0.14%
YEXT	B	0.14%
PCTY	B	0.14%
AY	A	0.14%
SPT	C	0.14%
SSD	D	0.14%
BLKB	B	0.13%
VMEO	C	0.13%
BPMC	C	0.13%
IPAR	C	0.13%
NFG	A	0.13%
TNET	F	0.13%
ACCO	B	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	A	0.13%
RYAN	B	0.13%
KAI	B	0.13%
BDN	C	0.13%
QLYS	C	0.13%
SFBS	B	0.13%
FYBR	C	0.13%
NUVL	D	0.13%
AA	A	0.13%
SR	A	0.12%
INSP	F	0.12%
AROC	A	0.12%
AWR	A	0.12%
SAIA	C	0.12%
KBR	F	0.12%
GEO	A	0.12%
BASE	C	0.12%
SATS	C	0.12%
ACLS	F	0.12%
NYT	D	0.12%
OGE	A	0.12%
GFF	B	0.12%
KRC	C	0.12%
NOV	D	0.12%
AIT	B	0.12%
CBT	C	0.12%
BSY	D	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	B	0.11%
CYTK	D	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	D	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
CUBE	C	0.11%
MFA	D	0.11%
ACAD	C	0.11%
HTH	B	0.11%
CRUS	F	0.11%
CARG	B	0.11%
SPSC	F	0.11%
BAND	D	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
MDGL	C	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
ASB	B	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	C	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%
SYNA	D	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	F	0.1%
AGM	B	0.1%
WAL	B	0.1%
KLIC	C	0.1%
BERY	D	0.1%
INSM	C	0.1%
WMS	F	0.1%
VRNS	D	0.1%
HIMS	C	0.1%
EEFT	C	0.09%
VSH	F	0.09%
CXT	C	0.09%
MTSI	B	0.09%
WSC	F	0.09%
MRC	B	0.09%
PCVX	D	0.09%
HEES	C	0.09%
ATEN	A	0.09%
APG	C	0.09%
PBH	A	0.09%
HI	C	0.09%
LGND	C	0.09%
CAR	C	0.09%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
EGP	D	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
OHI	B	0.09%
INVA	C	0.09%
MTG	D	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
WEX	F	0.09%
CUBI	C	0.09%
SON	F	0.09%
CRS	A	0.09%
EXPO	D	0.09%
FIVN	C	0.08%
TENB	D	0.08%
LILA	F	0.08%
OPCH	F	0.08%
HWC	B	0.08%
CVLT	B	0.08%
VIR	F	0.08%
FLR	B	0.08%
RGEN	F	0.08%
PEGA	B	0.08%
OZK	B	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	B	0.08%
OSCR	C	0.08%
FHB	B	0.08%
PD	C	0.08%
KN	B	0.08%
MASI	B	0.08%
GMS	B	0.08%
CACC	F	0.08%
DLX	B	0.08%
BOX	B	0.08%
NSSC	F	0.08%
AGX	B	0.08%
CUZ	B	0.08%
CARS	C	0.08%
MIDD	D	0.08%
BDC	B	0.08%
CSWI	A	0.08%
CNMD	C	0.07%
AFRM	A	0.07%
UNIT	B	0.07%
CLH	C	0.07%
EQC	A	0.07%
DH	F	0.07%
HASI	F	0.07%
AMRX	C	0.07%
PEN	B	0.07%
EYPT	D	0.07%
MATV	F	0.07%
RIG	D	0.07%
AMPH	F	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	B	0.07%
FLNC	C	0.07%
WLY	B	0.07%
NBR	D	0.07%
EPAC	B	0.07%
NTB	B	0.07%
GKOS	A	0.07%
DOMO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SM	C	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
NXST	C	0.07%
WNC	D	0.07%
NVST	C	0.06%
CC	D	0.06%
AVXL	C	0.06%
YELP	C	0.06%
AVDX	B	0.06%
GPMT	B	0.06%
COTY	F	0.06%
S	B	0.06%
FN	B	0.06%
TNC	F	0.06%
NXT	D	0.06%
ILPT	D	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	A	0.06%
STWD	C	0.06%
MCY	B	0.06%
CTBI	B	0.06%
MPW	F	0.06%
BRBR	A	0.06%
ITCI	B	0.06%
VKTX	F	0.06%
RUSHA	B	0.06%
FUN	C	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
FLO	D	0.06%
RDN	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	C	0.06%
APPF	C	0.06%
AZEK	B	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
KD	A	0.06%
MED	F	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
SNV	B	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	B	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	0.05%
BEAM	C	0.05%
SITE	D	0.05%
CERS	D	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	D	0.05%
TARS	C	0.05%
SMTC	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	C	0.05%
WBA	F	0.05%
PK	D	0.05%
MDXG	A	0.05%
LECO	C	0.05%
CENTA	C	0.05%
ARWR	D	0.04%
FCN	F	0.04%
MAN	F	0.04%
HPP	F	0.04%
STAG	D	0.04%
MDU	D	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
KREF	D	0.04%
OUT	A	0.04%
PRGO	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	D	0.04%
SANA	F	0.04%
TPB	A	0.04%
ANAB	F	0.04%
NATL	B	0.04%
RVMD	B	0.04%
KLG	D	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
ROKU	D	0.04%
BILL	B	0.04%
CFFN	B	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	F	0.04%
NHI	D	0.04%
ACHC	F	0.04%
HSTM	A	0.04%
MMS	D	0.04%
FHN	A	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	C	0.04%
RCUS	F	0.04%
JANX	C	0.03%
AXTA	B	0.03%
GMED	A	0.03%
ALHC	C	0.03%
VIAV	C	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	B	0.03%
MOG.A	B	0.03%
CHRD	F	0.03%
SUPN	B	0.03%
VNDA	C	0.03%
RGNX	D	0.03%
EVTC	B	0.03%
VCEL	A	0.03%
NX	C	0.03%
EMBC	D	0.03%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	C	0.03%
OFIX	B	0.03%
XHR	B	0.03%
CIEN	B	0.03%
VIRT	A	0.03%
QDEL	F	0.03%
REVG	B	0.03%
RYI	C	0.03%
IESC	A	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
MGNI	A	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	F	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	D	0.03%
TCBI	B	0.03%
RPD	C	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RLI	A	0.03%
RKT	F	0.03%
UVE	A	0.03%
NRC	F	0.03%
OI	D	0.03%
OLED	F	0.03%
BKD	F	0.03%
CVI	D	0.03%
RXT	C	0.02%
ERAS	C	0.02%
SSB	B	0.02%
CACI	C	0.02%
SLVM	C	0.02%
OSIS	A	0.02%
MSM	D	0.02%
TSE	F	0.02%
KVYO	D	0.02%
UNFI	B	0.02%
ARCT	F	0.02%
OMER	B	0.02%
VSTS	F	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	C	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	D	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
NUS	C	0.02%
EPR	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
WTFC	B	0.02%
MTW	C	0.02%
DY	C	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%
SVC	F	0.02%
TWO	D	0.02%
CNDT	D	0.02%
OPEN	F	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	C	0.02%
PTCT	C	0.02%
USNA	C	0.02%
LANC	D	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
ALGM	F	0.01%
VAL	F	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	F	0.01%
JAMF	F	0.01%
PCH	D	0.01%
EPC	F	0.01%
POWI	D	0.01%
TDC	D	0.01%
XPRO	F	0.01%
MBC	F	0.01%
BIGC	C	0.01%
MLAB	F	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	C	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
BKH	A	0.01%
CRAI	B	0.01%
SWI	B	0.01%
MITK	D	0.01%
NTLA	F	0.01%
VRE	A	0.01%
TR	B	0.01%
ROIV	D	0.01%
TTGT	B	0.01%
SWX	A	0.01%
HCAT	C	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	C	0.01%
HQY	A	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GEF	B	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	D	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	B	0.01%
UPWK	C	0.01%
HXL	F	0.01%
NFBK	B	0.01%
SHO	D	0.01%
AEIS	B	0.01%
MAGN	F	0.0%
BFH	B	0.0%
MC	B	0.0%
SEE	D	0.0%
CHCO	B	0.0%
GDOT	D	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
FULT	B	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	B	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
BKU	A	0.0%
CMA	B	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 189 Positions Relative to VCR

Symbol	Grade	Weight
AMZN	B	-21.67%
TSLA	A	-12.77%
HD	A	-6.85%
MCD	D	-3.76%
LOW	C	-2.66%
BKNG	A	-2.46%
TJX	A	-2.29%
SBUX	A	-1.91%
NKE	F	-1.85%
MELI	D	-1.62%
CMG	C	-1.37%
ORLY	B	-1.19%
MAR	B	-1.06%
HLT	A	-1.02%
DHI	D	-1.0%
ABNB	D	-0.97%
AZO	C	-0.95%
GM	B	-0.9%
ROST	D	-0.89%
LEN	D	-0.81%
RCL	A	-0.77%
F	C	-0.73%
DASH	A	-0.72%
YUM	D	-0.69%
EBAY	D	-0.6%
NVR	D	-0.56%
TSCO	D	-0.56%
LULU	C	-0.55%
PHM	D	-0.55%
GRMN	B	-0.49%
BBY	D	-0.38%
APTV	F	-0.37%
GPC	F	-0.36%
EXPE	B	-0.36%
DRI	C	-0.36%
ULTA	F	-0.35%
LVS	B	-0.35%
CCL	A	-0.35%
BURL	A	-0.32%
DKNG	B	-0.31%
DPZ	C	-0.28%
POOL	D	-0.27%
KMX	C	-0.24%
FND	F	-0.24%
LKQ	F	-0.21%
ARMK	C	-0.2%
MUSA	B	-0.2%
CZR	F	-0.19%
MGM	D	-0.19%
SKX	F	-0.18%
LAD	B	-0.18%
NCLH	B	-0.18%
MHK	D	-0.18%
RIVN	F	-0.17%
BWA	D	-0.17%
MTH	D	-0.16%
BFAM	F	-0.16%
KBH	D	-0.15%
OLLI	D	-0.14%
GNTX	F	-0.14%
H	B	-0.14%
BOOT	D	-0.13%
LEA	F	-0.13%
WHR	B	-0.13%
VVV	D	-0.12%
RH	D	-0.12%
CPRI	F	-0.12%
MHO	D	-0.12%
LOPE	B	-0.1%
SGBX	F	-0.1%
BROS	A	-0.1%
FTDR	B	-0.1%
KTB	A	-0.1%
FIVE	F	-0.1%
CHH	A	-0.1%
HBI	B	-0.09%
ATGE	B	-0.09%
GRBK	D	-0.09%
PATK	D	-0.09%
LCID	F	-0.09%
SHOO	D	-0.09%
EAT	A	-0.09%
SHAK	C	-0.09%
LGIH	F	-0.08%
PENN	C	-0.08%
RRR	F	-0.08%
GHC	B	-0.08%
COLM	B	-0.08%
LCII	D	-0.08%
CCS	F	-0.08%
PAG	B	-0.08%
DORM	B	-0.08%
URBN	C	-0.07%
VSCO	A	-0.07%
UAA	C	-0.07%
LAUR	A	-0.07%
PTON	C	-0.07%
CRI	F	-0.07%
JWN	C	-0.07%
HGV	C	-0.07%
OSW	B	-0.06%
SABR	B	-0.06%
STRA	C	-0.06%
ADNT	F	-0.06%
SBH	B	-0.06%
LEVI	F	-0.06%
GT	C	-0.06%
QS	D	-0.06%
LEG	F	-0.06%
ADTN	A	-0.06%
WWW	A	-0.06%
LZB	B	-0.06%
MNRO	C	-0.05%
HZO	F	-0.05%
MODG	F	-0.05%
WINA	B	-0.05%
SCVL	F	-0.05%
FIGS	F	-0.05%
RVLV	B	-0.05%
PTLO	F	-0.05%
WRBY	A	-0.05%
BZH	C	-0.05%
THRM	F	-0.05%
DFH	F	-0.05%
XPEL	C	-0.05%
CWH	C	-0.05%
MCRI	A	-0.05%
FOXF	F	-0.05%
AAP	D	-0.05%
AXL	C	-0.04%
MCW	C	-0.04%
GTX	F	-0.04%
BJRI	C	-0.04%
PLYA	B	-0.04%
PLAY	D	-0.04%
ACEL	C	-0.04%
RGR	F	-0.04%
DNUT	F	-0.04%
GDEN	B	-0.04%
SMP	C	-0.04%
CBRL	C	-0.04%
ETD	D	-0.04%
UTI	A	-0.04%
CHUY	B	-0.04%
VZIO	A	-0.04%
MBUU	C	-0.04%
RICK	C	-0.03%
LESL	C	-0.03%
BALY	A	-0.03%
ARHS	F	-0.03%
CSV	B	-0.03%
KRUS	D	-0.03%
ARKO	D	-0.03%
FWRG	C	-0.03%
SWBI	C	-0.03%
EYE	C	-0.03%
GRPN	F	-0.02%
IRBT	F	-0.02%
LAZR	D	-0.02%
ONEW	F	-0.02%
TH	C	-0.02%
XPOF	B	-0.02%
MOV	D	-0.02%
LEGH	D	-0.02%
CRCT	F	-0.02%
CRMT	F	-0.02%
SRI	F	-0.02%
FNKO	D	-0.02%
AAN	B	-0.02%
DENN	D	-0.02%
BOWL	D	-0.02%
ZUMZ	C	-0.02%
LIND	B	-0.02%
HVT	D	-0.02%
PETS	C	-0.01%
PLCE	C	-0.01%
BH	A	-0.01%
CLAR	D	-0.01%
JOUT	F	-0.01%
POWW	D	-0.01%
SLDP	F	-0.01%
CHGG	F	-0.01%
COOK	D	-0.01%
EWCZ	D	-0.01%
LE	D	-0.01%
AMRK	F	-0.0%
GOEV	F	-0.0%
TDUP	C	-0.0%
WW	F	-0.0%