EES vs. QVMS ETF Comparison

Comparison of WisdomTree SmallCap Earnings Fund (EES) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

EES

WisdomTree SmallCap Earnings Fund

EES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.93

Average Daily Volume

29,877

Number of Holdings ^*

854

* may have additional holdings in another (foreign) market

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.47

Average Daily Volume

495

Number of Holdings ^*

509

* may have additional holdings in another (foreign) market

Performance

Period	EES	QVMS
30 Days	4.04%	4.43%
60 Days	-1.41%	-0.03%
90 Days	0.97%	1.43%
12 Months	19.72%	19.88%

322 Overlapping Holdings

Symbol	Grade	Weight in EES	Weight in QVMS	Overlap
AAT	B	0.09%	0.1%	0.09%
ADUS	A	0.12%	0.16%	0.12%
AGYS	B	0.09%	0.19%	0.09%
AHCO	D	0.16%	0.08%	0.08%
AHH	B	0.05%	0.07%	0.05%
AIR	B	0.15%	0.23%	0.15%
AKR	C	0.1%	0.15%	0.1%
ALEX	B	0.06%	0.11%	0.06%
ALG	D	0.18%	0.19%	0.18%
ALGT	F	0.16%	0.07%	0.07%
AMBC	A	0.24%	0.08%	0.08%
AMCX	C	0.16%	0.05%	0.05%
AMSF	D	0.05%	0.08%	0.05%
AMWD	D	0.2%	0.15%	0.15%
ANDE	D	0.08%	0.17%	0.08%
ANIP	C	0.13%	0.1%	0.1%
APOG	A	0.18%	0.14%	0.14%
ARLO	C	0.04%	0.12%	0.04%
AROC	B	0.15%	0.26%	0.15%
ASIX	F	0.11%	0.06%	0.06%
ASTE	F	0.07%	0.07%	0.07%
ASTH	D	0.08%	0.17%	0.08%
ATEN	B	0.09%	0.1%	0.09%
ATGE	A	0.27%	0.26%	0.26%
AUB	C	0.28%	0.22%	0.22%
AVNS	C	0.08%	0.09%	0.08%
AX	A	0.51%	0.27%	0.27%
AZZ	C	0.22%	0.21%	0.21%
BANR	B	0.21%	0.14%	0.14%
BDN	B	0.24%	0.07%	0.07%
BFS	C	0.05%	0.04%	0.04%
BGS	F	0.1%	0.07%	0.07%
BHE	A	0.17%	0.15%	0.15%
BHLB	B	0.11%	0.09%	0.09%
BJRI	D	0.03%	0.07%	0.03%
BKE	B	0.26%	0.11%	0.11%
BKU	B	0.26%	0.19%	0.19%
BLMN	F	0.31%	0.16%	0.16%
BOH	D	0.2%	0.21%	0.2%
BOOT	C	0.31%	0.35%	0.31%
BRC	B	0.29%	0.3%	0.29%
BRKL	D	0.07%	0.07%	0.07%
BSIG	C	0.09%	0.07%	0.07%
CAKE	B	0.19%	0.16%	0.16%
CAL	C	0.23%	0.12%	0.12%
CALM	D	0.79%	0.24%	0.24%
CARG	C	0.19%	0.19%	0.19%
CARS	C	0.28%	0.12%	0.12%
CASH	B	0.19%	0.13%	0.13%
CBRL	F	0.09%	0.09%	0.09%
CBU	B	0.22%	0.22%	0.22%
CCRN	F	0.1%	0.05%	0.05%
CCS	D	0.36%	0.23%	0.23%
CENTA	A	0.23%	0.26%	0.23%
CERT	D	0.12%	0.15%	0.12%
CEVA	F	0.02%	0.04%	0.02%
CFFN	D	0.03%	0.06%	0.03%
CHCO	B	0.13%	0.14%	0.13%
CHEF	A	0.11%	0.13%	0.11%
CHUY	F	0.03%	0.04%	0.03%
CLB	D	0.06%	0.08%	0.06%
CLDT	F	0.02%	0.04%	0.02%
CLW	B	0.17%	0.08%	0.08%
CNK	D	0.19%	0.18%	0.18%
CNXN	C	0.12%	0.07%	0.07%
COHU	F	0.13%	0.14%	0.13%
CPF	B	0.07%	0.05%	0.05%
CPK	B	0.13%	0.22%	0.13%
CPRX	C	0.1%	0.17%	0.1%
CRNC	F	0.01%	0.02%	0.01%
CRSR	F	0.07%	0.05%	0.05%
CSGS	F	0.12%	0.12%	0.12%
CTS	A	0.13%	0.16%	0.13%
CUBI	D	0.22%	0.12%	0.12%
CVBF	C	0.24%	0.2%	0.2%
CVCO	C	0.29%	0.26%	0.26%
CVGW	B	0.02%	0.04%	0.02%
CXW	B	0.1%	0.17%	0.1%
DAN	C	0.16%	0.17%	0.16%
DBI	D	0.16%	0.04%	0.04%
DCOM	C	0.11%	0.06%	0.06%
DEA	B	0.04%	0.11%	0.04%
DEI	B	0.07%	0.21%	0.07%
DFIN	C	0.09%	0.15%	0.09%
DGII	F	0.11%	0.09%	0.09%
DLX	A	0.24%	0.1%	0.1%
DNOW	D	0.19%	0.14%	0.14%
DORM	C	0.2%	0.26%	0.2%
DRH	F	0.11%	0.17%	0.11%
DVAX	F	0.07%	0.15%	0.07%
DXPE	B	0.17%	0.06%	0.06%
EAT	A	0.37%	0.28%	0.28%
EGBN	F	0.1%	0.05%	0.05%
EIG	D	0.11%	0.1%	0.1%
ENR	C	0.27%	0.19%	0.19%
ENVA	B	0.35%	0.18%	0.18%
EPAC	A	0.15%	0.21%	0.15%
EPC	B	0.19%	0.18%	0.18%
ETD	D	0.12%	0.06%	0.06%
EVTC	D	0.19%	0.21%	0.19%
EXPI	C	0.06%	0.09%	0.06%
EXTR	F	0.15%	0.15%	0.15%
EYE	F	0.05%	0.11%	0.05%
EZPW	D	0.08%	0.05%	0.05%
FBK	B	0.16%	0.12%	0.12%
FBNC	D	0.11%	0.12%	0.11%
FCF	B	0.15%	0.13%	0.13%
FCPT	B	0.12%	0.21%	0.12%
FFBC	B	0.33%	0.2%	0.2%
FHB	B	0.31%	0.24%	0.24%
FULT	A	0.38%	0.25%	0.25%
FWRD	F	0.03%	0.04%	0.03%
GBX	B	0.17%	0.16%	0.16%
GDEN	D	0.2%	0.07%	0.07%
GDOT	C	0.11%	0.04%	0.04%
GEO	C	0.22%	0.17%	0.17%
GES	C	0.29%	0.06%	0.06%
GFF	C	0.43%	0.26%	0.26%
GIII	D	0.14%	0.13%	0.13%
GRBK	B	0.37%	0.15%	0.15%
GSHD	F	0.06%	0.14%	0.06%
GTY	B	0.08%	0.12%	0.08%
GVA	A	0.09%	0.26%	0.09%
HAFC	B	0.08%	0.04%	0.04%
HAIN	F	0.03%	0.06%	0.03%
HAYN	D	0.08%	0.07%	0.07%
HAYW	C	0.16%	0.18%	0.16%
HCI	D	0.04%	0.06%	0.04%
HCSG	D	0.08%	0.07%	0.07%
HFWA	B	0.08%	0.06%	0.06%
HIBB	A	0.2%	0.11%	0.11%
HIW	B	0.22%	0.25%	0.22%
HLIT	D	0.08%	0.13%	0.08%
HLX	B	0.06%	0.15%	0.06%
HMN	C	0.05%	0.14%	0.05%
HNI	A	0.15%	0.21%	0.15%
HOPE	C	0.18%	0.12%	0.12%
HRMY	F	0.18%	0.1%	0.1%
HSII	C	0.11%	0.07%	0.07%
HSTM	B	0.03%	0.06%	0.03%
HTH	B	0.11%	0.13%	0.11%
HTLD	D	0.03%	0.05%	0.03%
HUBG	B	0.3%	0.26%	0.26%
HVT	F	0.08%	0.04%	0.04%
HWKN	B	0.13%	0.16%	0.13%
HZO	F	0.13%	0.06%	0.06%
IBTX	C	0.2%	0.15%	0.15%
IIIN	D	0.04%	0.06%	0.04%
IIPR	C	0.27%	0.3%	0.27%
INDB	C	0.26%	0.21%	0.21%
INVA	B	0.08%	0.08%	0.08%
JACK	F	0.13%	0.1%	0.1%
JBSS	C	0.09%	0.09%	0.09%
KALU	A	0.07%	0.15%	0.07%
KAR	B	0.16%	0.17%	0.16%
KELYA	D	0.08%	0.07%	0.07%
KMT	B	0.18%	0.19%	0.18%
KN	B	0.12%	0.15%	0.12%
KOP	F	0.13%	0.09%	0.09%
LGND	B	0.19%	0.15%	0.15%
LKFN	C	0.09%	0.14%	0.09%
LMAT	A	0.07%	0.16%	0.07%
LNN	C	0.09%	0.12%	0.09%
LQDT	B	0.04%	0.04%	0.04%
LTC	A	0.11%	0.13%	0.11%
LUMN	F	0.35%	0.12%	0.12%
LZB	C	0.18%	0.16%	0.16%
MATW	D	0.1%	0.08%	0.08%
MCRI	D	0.12%	0.09%	0.09%
MCS	F	0.02%	0.03%	0.02%
MCW	B	0.13%	0.06%	0.06%
MD	F	0.12%	0.06%	0.06%
MED	F	0.06%	0.03%	0.03%
MGPI	D	0.13%	0.12%	0.12%
MLAB	B	0.07%	0.06%	0.06%
MLKN	D	0.17%	0.19%	0.17%
MNRO	F	0.05%	0.07%	0.05%
MODG	C	0.16%	0.21%	0.16%
MOV	D	0.08%	0.04%	0.04%
MRCY	D	0.06%	0.15%	0.06%
MRTN	D	0.1%	0.1%	0.1%
MTRN	D	0.16%	0.23%	0.16%
MTX	A	0.26%	0.27%	0.26%
MXL	F	0.22%	0.13%	0.13%
MYE	F	0.06%	0.05%	0.05%
MYRG	D	0.15%	0.26%	0.15%
NABL	D	0.09%	0.09%	0.09%
NAVI	F	0.4%	0.12%	0.12%
NBHC	B	0.16%	0.13%	0.13%
NBTB	B	0.15%	0.16%	0.15%
NFBK	D	0.03%	0.03%	0.03%
NGVT	B	0.25%	0.16%	0.16%
NHC	B	0.06%	0.14%	0.06%
NMIH	A	0.44%	0.26%	0.26%
NPK	B	0.04%	0.04%	0.04%
NTCT	F	0.22%	0.14%	0.14%
NUS	D	0.06%	0.06%	0.06%
NVEE	D	0.09%	0.11%	0.09%
NWBI	C	0.16%	0.13%	0.13%
NWN	B	0.13%	0.12%	0.12%
NX	D	0.11%	0.1%	0.1%
ODP	F	0.24%	0.13%	0.13%
OFG	B	0.21%	0.16%	0.16%
OI	F	0.55%	0.2%	0.2%
OII	B	0.11%	0.23%	0.11%
OMCL	C	0.11%	0.13%	0.11%
OMI	F	0.08%	0.13%	0.08%
OSIS	C	0.16%	0.2%	0.16%
OSUR	F	0.04%	0.03%	0.03%
OXM	B	0.27%	0.15%	0.15%
PAHC	A	0.1%	0.03%	0.03%
PARR	F	0.52%	0.15%	0.15%
PATK	C	0.27%	0.24%	0.24%
PBI	B	0.03%	0.07%	0.03%
PCRX	D	0.19%	0.13%	0.13%
PDCO	F	0.26%	0.2%	0.2%
PDFS	C	0.07%	0.1%	0.07%
PDFS	C	0.05%	0.1%	0.05%
PFBC	A	0.21%	0.09%	0.09%
PFS	B	0.25%	0.11%	0.11%
PINC	F	0.35%	0.22%	0.22%
PJT	B	0.11%	0.24%	0.11%
PLAB	B	0.21%	0.16%	0.16%
PLAY	D	0.21%	0.16%	0.16%
PLMR	B	0.11%	0.21%	0.11%
PLUS	B	0.23%	0.2%	0.2%
POWL	B	0.13%	0.21%	0.13%
PPBI	B	0.24%	0.19%	0.19%
PRA	C	0.02%	0.07%	0.02%
PRDO	B	0.25%	0.15%	0.15%
PRFT	B	0.22%	0.26%	0.22%
PRG	B	0.25%	0.15%	0.15%
PRGS	F	0.23%	0.21%	0.21%
PRK	A	0.17%	0.18%	0.17%
PRLB	D	0.05%	0.07%	0.05%
PRVA	F	0.07%	0.17%	0.07%
PSMT	A	0.17%	0.2%	0.17%
PUMP	B	0.17%	0.08%	0.08%
QNST	C	0.03%	0.09%	0.03%
RAMP	F	0.11%	0.2%	0.11%
RDNT	A	0.13%	0.27%	0.13%
RES	F	0.3%	0.05%	0.05%
REX	B	0.09%	0.08%	0.08%
REZI	C	0.28%	0.3%	0.28%
RGP	F	0.06%	0.03%	0.03%
RGR	F	0.08%	0.07%	0.07%
RNST	B	0.19%	0.16%	0.16%
ROCK	D	0.17%	0.22%	0.17%
ROG	C	0.1%	0.2%	0.1%
ROIC	D	0.05%	0.15%	0.05%
RXO	C	0.09%	0.23%	0.09%
SAFT	B	0.04%	0.11%	0.04%
SAH	B	0.4%	0.08%	0.08%
SATS	C	0.2%	0.21%	0.2%
SBCF	B	0.16%	0.18%	0.16%
SBH	F	0.29%	0.13%	0.13%
SBSI	D	0.09%	0.07%	0.07%
SCHL	F	0.07%	0.1%	0.07%
SCL	C	0.08%	0.18%	0.08%
SCSC	A	0.17%	0.12%	0.12%
SCVL	B	0.16%	0.07%	0.07%
SDGR	F	0.05%	0.11%	0.05%
SFNC	D	0.29%	0.2%	0.2%
SHAK	C	0.13%	0.36%	0.13%
SHEN	D	0.03%	0.08%	0.03%
SHO	D	0.12%	0.2%	0.12%
SJW	C	0.11%	0.14%	0.11%
SLCA	B	0.29%	0.12%	0.12%
SLP	B	0.04%	0.07%	0.04%
SLVM	C	0.56%	0.24%	0.24%
SMP	C	0.08%	0.06%	0.06%
SNCY	F	0.06%	0.04%	0.04%
SNEX	B	0.29%	0.2%	0.2%
SONO	D	0.25%	0.2%	0.2%
SPTN	D	0.09%	0.07%	0.07%
SSTK	F	0.18%	0.09%	0.09%
STBA	B	0.18%	0.12%	0.12%
STC	B	0.05%	0.17%	0.05%
STRA	B	0.12%	0.25%	0.12%
SUPN	F	0.05%	0.13%	0.05%
SXC	D	0.09%	0.08%	0.08%
SXI	C	0.14%	0.18%	0.14%
SXT	A	0.2%	0.31%	0.2%
TALO	F	0.06%	0.15%	0.06%
TBBK	D	0.17%	0.18%	0.17%
THS	F	0.16%	0.17%	0.16%
TILE	B	0.11%	0.09%	0.09%
TMP	D	0.02%	0.05%	0.02%
TNC	D	0.18%	0.19%	0.18%
TR	D	0.1%	0.05%	0.05%
TRIP	F	0.2%	0.19%	0.19%
TRMK	A	0.22%	0.17%	0.17%
TRN	A	0.13%	0.24%	0.13%
TRST	B	0.07%	0.05%	0.05%
TTMI	A	0.23%	0.18%	0.18%
TWI	F	0.09%	0.04%	0.04%
UCTT	C	0.13%	0.19%	0.13%
UE	B	0.07%	0.19%	0.07%
UFPT	B	0.09%	0.18%	0.09%
USNA	D	0.08%	0.05%	0.05%
USPH	C	0.06%	0.15%	0.06%
UTL	B	0.07%	0.08%	0.07%
UVV	B	0.13%	0.11%	0.11%
VBTX	B	0.16%	0.1%	0.1%
VECO	B	0.19%	0.23%	0.19%
VIAV	F	0.11%	0.14%	0.11%
VICR	F	0.07%	0.07%	0.07%
VREX	F	0.06%	0.06%	0.06%
VRTS	D	0.19%	0.14%	0.14%
VSCO	D	0.19%	0.18%	0.18%
VSTO	B	0.42%	0.19%	0.19%
WABC	B	0.16%	0.12%	0.12%
WAFD	B	0.26%	0.17%	0.17%
WGO	D	0.3%	0.19%	0.19%
WNC	D	0.26%	0.1%	0.1%
WRLD	C	0.04%	0.04%	0.04%
WSFS	B	0.37%	0.24%	0.24%
WSR	B	0.06%	0.06%	0.06%
XHR	C	0.08%	0.14%	0.08%
XPEL	F	0.05%	0.08%	0.05%
XRX	D	0.44%	0.17%	0.17%
ZEUS	F	0.06%	0.05%	0.05%

EES Overweight 532 Positions Relative to QVMS

Symbol	Grade	Weight
TPG	D	0.74%
LEVI	A	0.7%
BGC	B	0.58%
VCTR	C	0.58%
JWN	B	0.54%
GPOR	D	0.45%
DK	D	0.45%
RNG	C	0.4%
SNDR	D	0.39%
MSGE	C	0.37%
PRIM	B	0.36%
COLL	D	0.32%
NMRK	D	0.31%
FRME	B	0.3%
MBIN	B	0.3%
HTLF	A	0.3%
STRL	A	0.3%
SBOW	D	0.29%
EBC	B	0.27%
ARHS	B	0.27%
DFH	D	0.27%
AMRK	C	0.26%
VRNT	C	0.26%
VIRT	A	0.26%
ENV	B	0.25%
CRI	F	0.25%
ULH	B	0.25%
MGRC	D	0.25%
FOR	D	0.24%
GHC	A	0.24%
ICUI	C	0.24%
SABR	C	0.24%
HEES	D	0.23%
IESC	A	0.23%
JBI	D	0.23%
TH	C	0.23%
HE	F	0.23%
AMK	D	0.23%
IMKTA	F	0.23%
EFSC	B	0.22%
NNI	A	0.22%
HPK	F	0.22%
VGR	C	0.22%
GOGO	C	0.21%
AMRX	B	0.21%
HY	B	0.21%
PTVE	C	0.2%
GRNT	C	0.2%
FA	C	0.2%
BZH	D	0.2%
WSBC	C	0.19%
TOWN	B	0.19%
STGW	B	0.19%
WERN	D	0.19%
HOV	B	0.19%
AESI	B	0.18%
MBUU	F	0.18%
SQSP	A	0.18%
SWI	C	0.18%
AGM	D	0.18%
JELD	F	0.18%
MRC	A	0.18%
LAUR	B	0.17%
ACMR	D	0.17%
ARRY	F	0.17%
GDRX	C	0.17%
ARCT	F	0.17%
MATV	C	0.16%
WMK	B	0.16%
ATSG	C	0.16%
EMBC	D	0.16%
MWA	A	0.16%
SD	D	0.16%
NHI	A	0.16%
PI	C	0.16%
BXC	D	0.16%
MRVI	C	0.15%
USLM	B	0.15%
HLIO	B	0.15%
BOWL	F	0.15%
EVCM	B	0.15%
REVG	A	0.15%
SRCL	D	0.15%
BELFB	B	0.14%
PEBO	B	0.14%
MGNI	F	0.14%
EVBG	D	0.14%
NXRT	B	0.14%
TCBK	B	0.14%
BRY	C	0.14%
BUSE	B	0.14%
SASR	B	0.14%
CMCO	A	0.14%
LXU	C	0.14%
REPX	D	0.14%
ACCO	D	0.13%
BY	B	0.13%
OSG	B	0.13%
NWLI	A	0.13%
OCFC	B	0.13%
CYH	C	0.13%
QCRH	B	0.13%
SCS	B	0.13%
WTTR	B	0.13%
KODK	D	0.13%
BV	B	0.13%
SRCE	B	0.13%
ALX	B	0.12%
GCI	B	0.12%
BANC	B	0.12%
PFC	B	0.12%
SYBT	B	0.12%
REI	D	0.12%
ETWO	C	0.12%
ECVT	D	0.12%
TRS	B	0.12%
QTWO	A	0.12%
STEP	A	0.11%
PLPC	C	0.11%
SIX	C	0.11%
MCFT	F	0.11%
AMAL	B	0.11%
MLR	B	0.11%
GCMG	C	0.11%
SITM	B	0.11%
OLPX	F	0.11%
ADV	C	0.11%
ESRT	C	0.11%
SPB	B	0.11%
DIN	F	0.11%
CRAI	A	0.1%
RMR	C	0.1%
UIS	D	0.1%
OBK	B	0.1%
RBCAA	B	0.1%
MIR	D	0.1%
LEGH	C	0.1%
INFN	D	0.1%
THR	A	0.1%
GABC	D	0.1%
CCSI	D	0.1%
HURN	F	0.1%
RYI	F	0.1%
NIC	C	0.1%
ACEL	F	0.1%
EQC	B	0.1%
ROAD	C	0.1%
TITN	F	0.1%
THRM	F	0.1%
MCB	B	0.09%
MBWM	B	0.09%
ONEW	F	0.09%
EGY	C	0.09%
KFRC	D	0.09%
DO	B	0.09%
TRDA	C	0.09%
UTZ	C	0.09%
KTOS	B	0.09%
GIC	F	0.09%
UVSP	A	0.09%
FBMS	C	0.09%
WLFC	A	0.09%
CRGY	C	0.09%
PX	D	0.09%
IDT	A	0.09%
NSSC	B	0.09%
OSBC	B	0.09%
CNOB	B	0.09%
ITOS	B	0.09%
STAA	C	0.09%
RPAY	C	0.09%
VITL	B	0.09%
EVRI	F	0.09%
BBW	C	0.09%
SWBI	C	0.08%
UVE	B	0.08%
AMPY	D	0.08%
SHLS	F	0.08%
BBSI	B	0.08%
MSBI	D	0.08%
KNTK	A	0.08%
PZZA	F	0.08%
MODN	B	0.08%
AGX	A	0.08%
MYPS	F	0.08%
GSBC	B	0.08%
TTGT	D	0.08%
CWAN	C	0.08%
VYGR	D	0.08%
NAPA	F	0.08%
VLGEA	A	0.08%
VSEC	C	0.08%
USM	B	0.08%
VERX	C	0.08%
CTBI	B	0.08%
SNPO	B	0.08%
CWH	F	0.08%
TASK	B	0.08%
MTW	F	0.08%
PDM	B	0.08%
IMMR	B	0.08%
ZIP	F	0.07%
SHYF	C	0.07%
RLJ	F	0.07%
HTBK	C	0.07%
CHWY	F	0.07%
HNRG	D	0.07%
MPX	D	0.07%
PETQ	B	0.07%
CHGG	F	0.07%
FMBH	B	0.07%
RVLV	B	0.07%
AMTB	B	0.07%
ODC	A	0.07%
SENEA	A	0.07%
KRT	D	0.07%
KE	C	0.07%
CLFD	B	0.07%
JAMF	C	0.07%
CTOS	F	0.07%
ANET	B	0.07%
HBT	B	0.07%
ARVN	F	0.07%
MITK	B	0.07%
JILL	C	0.07%
SKWD	B	0.07%
HBNC	B	0.07%
COMM	F	0.07%
CFB	C	0.07%
PKOH	B	0.06%
UPWK	D	0.06%
MCBS	A	0.06%
ATRI	B	0.06%
LSEA	F	0.06%
RMNI	F	0.06%
GNE	F	0.06%
DSGR	B	0.06%
HDSN	F	0.06%
AVNW	F	0.06%
WRBY	B	0.06%
BFST	D	0.06%
THFF	B	0.06%
LOB	D	0.06%
PNTG	A	0.06%
ACDC	F	0.06%
IBCP	B	0.06%
SPFI	B	0.06%
BHRB	F	0.06%
LC	B	0.06%
RBBN	C	0.06%
ATLC	D	0.06%
TWKS	C	0.06%
XNCR	C	0.06%
HCKT	F	0.06%
CRCT	C	0.06%
CXM	F	0.06%
EGHT	D	0.06%
IMXI	D	0.06%
EBF	C	0.06%
GTN	C	0.06%
UWMC	B	0.06%
DAKT	B	0.06%
LEU	C	0.06%
DNUT	D	0.06%
CCBG	C	0.05%
NR	C	0.05%
WTBA	B	0.05%
OABI	D	0.05%
WLDN	B	0.05%
BFC	C	0.05%
CCNE	C	0.05%
WWW	B	0.05%
PRO	F	0.05%
ZIMV	C	0.05%
NGVC	B	0.05%
LMB	B	0.05%
MLNK	F	0.05%
EWCZ	F	0.05%
WEYS	F	0.05%
PGC	D	0.05%
LOCO	B	0.05%
TRNS	A	0.05%
EQBK	A	0.05%
NWPX	A	0.05%
CURV	B	0.05%
BH	B	0.05%
WINA	C	0.05%
MCBC	A	0.05%
TGI	C	0.05%
NBN	B	0.05%
CECO	B	0.05%
VPG	F	0.05%
BAND	B	0.05%
EE	B	0.05%
HTBI	B	0.05%
SPOK	F	0.05%
RICK	F	0.05%
VZIO	D	0.05%
LYTS	B	0.05%
CLBK	D	0.05%
CDRE	D	0.05%
CSV	B	0.05%
DXLG	F	0.05%
YOU	F	0.05%
DH	F	0.04%
ZYXI	D	0.04%
TPB	A	0.04%
DCO	B	0.04%
NVEC	F	0.04%
YORW	B	0.04%
BHB	B	0.04%
EPM	F	0.04%
MEI	F	0.04%
VRA	B	0.04%
JAKK	F	0.04%
GDYN	F	0.04%
OLP	A	0.04%
AAN	D	0.04%
NTST	B	0.04%
MGNX	F	0.04%
DENN	F	0.04%
CRD.B	C	0.04%
OPY	A	0.04%
TTI	F	0.04%
GCO	D	0.04%
WASH	B	0.04%
CATC	B	0.04%
MSEX	C	0.04%
BBCP	D	0.04%
MPB	B	0.04%
CAC	B	0.04%
TCMD	F	0.04%
FMNB	C	0.04%
FORR	F	0.04%
ARKO	D	0.04%
BOOM	F	0.04%
CMT	C	0.04%
RBB	B	0.04%
FWRG	D	0.04%
FISI	C	0.04%
PLOW	C	0.04%
JOUT	F	0.04%
FSBC	C	0.04%
SOI	B	0.04%
INDI	F	0.04%
ZUO	B	0.04%
GRC	D	0.04%
CCB	B	0.04%
RNGR	F	0.04%
FCBC	B	0.04%
CTKB	F	0.03%
EEX	D	0.03%
LPRO	D	0.03%
IBUY	D	0.03%
ALRS	D	0.03%
TBI	F	0.03%
UHT	C	0.03%
ASUR	F	0.03%
DJCO	B	0.03%
MNTK	D	0.03%
QUAD	D	0.03%
RDUS	F	0.03%
ORRF	B	0.03%
ERII	F	0.03%
SWIM	C	0.03%
NC	C	0.03%
UPLD	C	0.03%
ALTG	F	0.03%
AMSWA	F	0.03%
EBTC	C	0.03%
KIDS	C	0.03%
FC	D	0.03%
MEC	A	0.03%
YEXT	F	0.03%
FPI	B	0.03%
CARE	C	0.03%
DHIL	C	0.03%
FLWS	D	0.03%
OFLX	F	0.03%
SMBC	D	0.03%
OLO	F	0.03%
ASRT	D	0.03%
SMBK	B	0.03%
HBCP	B	0.03%
ORGO	C	0.03%
BWB	B	0.03%
IIIV	F	0.03%
NRC	F	0.03%
IRMD	C	0.03%
VNDA	B	0.03%
LINC	B	0.03%
CVGI	F	0.03%
RCKY	B	0.03%
FIGS	C	0.03%
EZM	C	0.03%
NATH	D	0.03%
PUBM	C	0.03%
ENFN	D	0.03%
NECB	B	0.03%
LOVE	B	0.03%
CIVB	D	0.03%
IPI	B	0.03%
KRUS	B	0.03%
FF	B	0.03%
ASLE	C	0.02%
OIS	F	0.02%
PBYI	D	0.02%
FNLC	C	0.02%
HCAT	F	0.02%
NEWT	C	0.02%
TUSK	F	0.02%
ESCA	D	0.02%
EVI	F	0.02%
AEHR	F	0.02%
DGICA	F	0.02%
PAY	D	0.02%
KRNY	F	0.02%
BCML	B	0.02%
PCB	D	0.02%
PINE	B	0.02%
SRDX	C	0.02%
PBPB	F	0.02%
SMLR	F	0.02%
III	F	0.02%
SMTI	F	0.02%
EGAN	D	0.02%
FLIC	D	0.02%
CTLP	D	0.02%
TCBX	B	0.02%
PFIS	D	0.02%
BTMD	C	0.02%
OOMA	F	0.02%
INTT	F	0.02%
AXGN	F	0.02%
OPRX	F	0.02%
UEIC	B	0.02%
CMP	F	0.02%
CRMT	F	0.02%
GNTY	B	0.02%
NRIM	B	0.02%
BWMN	D	0.02%
AOUT	D	0.02%
AROW	C	0.02%
TZOO	D	0.02%
NATR	F	0.02%
PKE	D	0.02%
AIRS	F	0.02%
MOFG	D	0.02%
AGS	A	0.02%
CBNK	D	0.02%
FRPH	C	0.02%
ATEX	F	0.02%
CHCT	F	0.02%
PTLO	F	0.02%
BCBP	C	0.02%
MG	C	0.02%
FFIC	D	0.02%
RELL	D	0.02%
OVLY	D	0.02%
HONE	B	0.02%
RCMT	F	0.02%
ARC	C	0.02%
SIGA	C	0.02%
RRBI	D	0.02%
POWW	D	0.02%
CDMO	C	0.02%
STKS	C	0.02%
CASS	D	0.02%
JYNT	A	0.02%
VMEO	F	0.02%
TRC	C	0.02%
OBT	B	0.02%
ACNB	F	0.02%
FSBW	C	0.02%
RGCO	C	0.02%
OFIX	C	0.02%
UTI	C	0.02%
ESQ	B	0.02%
NGS	B	0.02%
KLXE	F	0.02%
ARTNA	B	0.02%
RLGT	F	0.02%
BSRR	B	0.02%
UTMD	F	0.02%
FBIZ	B	0.02%
SAMG	F	0.01%
KFS	D	0.01%
BGFV	F	0.01%
PVBC	C	0.01%
LPSN	F	0.01%
MBCN	F	0.01%
EVC	D	0.01%
SFST	D	0.01%
INFU	F	0.01%
MVBF	D	0.01%
LUNA	F	0.01%
ATLO	B	0.01%
WSBF	B	0.01%
NKSH	D	0.01%
NWFL	F	0.01%
LCNB	D	0.01%
WTI	F	0.01%
ITI	D	0.01%
FDBC	F	0.01%
INBK	D	0.01%
HBIO	F	0.01%
CZFS	C	0.01%
CBAN	B	0.01%
CFFI	F	0.01%
ITIC	B	0.01%
DHX	D	0.01%
SHBI	C	0.01%
FMAO	B	0.01%
SPWH	F	0.01%
MPAA	F	0.01%
LTRX	D	0.01%
CZNC	C	0.01%
CCRD	C	0.01%
TSBK	D	0.01%
DCGO	F	0.01%
RM	B	0.01%
HRTG	D	0.01%
PSTL	C	0.01%
XPOF	F	0.01%
PCYO	C	0.01%
SSTI	F	0.01%
MRAM	F	0.01%
FRBA	D	0.01%
BMRC	D	0.01%
FRST	D	0.01%
PKBK	C	0.01%
HGBL	F	0.0%

EES Underweight 188 Positions Relative to QVMS

Symbol	Grade	Weight
ANF	B	-0.88%
FN	B	-0.82%
ATI	B	-0.74%
SPSC	B	-0.69%
ENSG	D	-0.64%
MLI	A	-0.64%
MTH	A	-0.61%
SM	C	-0.55%
BCC	D	-0.54%
GKOS	A	-0.54%
CRS	B	-0.53%
BMI	A	-0.53%
NSIT	A	-0.53%
FSS	A	-0.52%
SEE	B	-0.51%
ALK	B	-0.51%
COOP	A	-0.51%
AWI	D	-0.49%
JXN	B	-0.49%
IBP	D	-0.48%
WIRE	C	-0.48%
DY	A	-0.48%
SIG	D	-0.48%
ITRI	B	-0.47%
BCPC	B	-0.47%
MMSI	B	-0.46%
ABG	C	-0.46%
MOG.A	A	-0.46%
AEO	B	-0.44%
RDN	C	-0.44%
VRRM	A	-0.43%
ASO	F	-0.43%
MATX	B	-0.43%
GPI	B	-0.42%
FUL	C	-0.41%
ACA	A	-0.41%
FORM	A	-0.41%
AGO	D	-0.4%
EPRT	A	-0.39%
ACIW	A	-0.39%
ALKS	F	-0.39%
ITGR	D	-0.38%
OTTR	B	-0.38%
FELE	C	-0.38%
GMS	B	-0.37%
MC	C	-0.37%
AEIS	B	-0.37%
NOG	C	-0.36%
SANM	B	-0.36%
PECO	F	-0.36%
ACLS	C	-0.36%
TPH	A	-0.36%
AVAV	A	-0.35%
HP	F	-0.35%
LBRT	B	-0.35%
AMR	F	-0.35%
KTB	B	-0.34%
AAP	D	-0.34%
HASI	B	-0.34%
SMPL	B	-0.34%
DIOD	D	-0.33%
SEM	A	-0.33%
KFY	C	-0.33%
PTEN	D	-0.33%
ALRM	D	-0.33%
MHO	C	-0.33%
DXC	F	-0.31%
WD	B	-0.31%
IOSP	B	-0.31%
HCC	C	-0.31%
WDFC	D	-0.31%
MAC	D	-0.31%
SLG	B	-0.3%
HI	F	-0.3%
PBH	D	-0.3%
SHOO	C	-0.3%
KSS	F	-0.3%
ABM	B	-0.3%
NPO	D	-0.3%
PIPR	A	-0.3%
FBP	A	-0.29%
ABCB	B	-0.29%
UCBI	B	-0.29%
CWEN	B	-0.29%
BXMT	F	-0.29%
JBT	D	-0.29%
PLXS	B	-0.29%
CTRE	C	-0.28%
FTDR	B	-0.28%
ESE	C	-0.28%
IDCC	B	-0.28%
CORT	B	-0.28%
CCOI	F	-0.28%
LCII	D	-0.28%
SFBS	C	-0.28%
CRC	F	-0.28%
APLE	D	-0.28%
SKT	D	-0.27%
DV	F	-0.27%
AVA	B	-0.27%
NWL	C	-0.27%
CWT	B	-0.27%
APAM	C	-0.27%
SKYW	B	-0.27%
FL	F	-0.26%
AWR	B	-0.26%
AIN	D	-0.26%
RUSHA	D	-0.26%
LRN	B	-0.26%
GNW	B	-0.26%
YELP	D	-0.25%
CATY	C	-0.25%
ABR	C	-0.25%
SITC	D	-0.24%
KLIC	D	-0.24%
JJSF	B	-0.24%
CEIX	C	-0.24%
KWR	D	-0.24%
ARCB	D	-0.24%
URBN	C	-0.23%
CRVL	A	-0.23%
LXP	D	-0.23%
UNF	D	-0.23%
BTU	F	-0.23%
IPAR	D	-0.22%
FTRE	D	-0.22%
VCEL	B	-0.22%
CNMD	F	-0.21%
PHIN	A	-0.2%
NATL	B	-0.2%
LGIH	D	-0.19%
AMN	F	-0.19%
JOE	B	-0.19%
CWK	B	-0.18%
B	B	-0.18%
WOR	D	-0.17%
NEO	B	-0.17%
PEB	D	-0.16%
LPG	B	-0.16%
TDS	B	-0.16%
JBLU	D	-0.15%
VSTS	F	-0.15%
AMPH	F	-0.15%
MCY	A	-0.14%
ARI	D	-0.13%
RC	F	-0.13%
BANF	B	-0.12%
KLG	C	-0.12%
VSAT	D	-0.12%
FIZZ	D	-0.11%
ICHR	D	-0.11%
GPRE	F	-0.11%
SPNT	C	-0.11%
PMT	A	-0.11%
JBGS	F	-0.11%
WS	F	-0.1%
CSR	A	-0.1%
ECPG	C	-0.1%
CRK	B	-0.1%
PRAA	B	-0.09%
SVC	F	-0.09%
CENX	B	-0.09%
EFC	B	-0.09%
SGH	F	-0.09%
MMI	D	-0.08%
RCUS	F	-0.08%
CVI	F	-0.08%
VTOL	A	-0.08%
UNFI	F	-0.08%
AXL	B	-0.08%
BLFS	B	-0.07%
VVI	D	-0.07%
FDP	F	-0.07%
NBR	F	-0.06%
AOSL	B	-0.06%
DRQ	F	-0.06%
INN	F	-0.06%
NVRI	D	-0.06%
THRY	C	-0.06%
UFCS	B	-0.05%
KREF	F	-0.05%
HPP	F	-0.05%
MERC	C	-0.04%
FLGT	D	-0.04%
ATNI	F	-0.03%
SPWR	F	-0.03%
CNSL	C	-0.03%
TTEC	F	-0.02%