AVUV vs. FSMD ETF Comparison

Comparison of Avantis U.S. Small Cap Value ETF (AVUV) to Fidelity Small-Mid Factor ETF (FSMD)

AVUV

Avantis U.S. Small Cap Value ETF

AVUV Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups. Under normal market conditions, it will invest at least 80% of its assets in securities of small capitalization companies located in the United States. The fund also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$104.78

Average Daily Volume

748,124

Number of Holdings ^*

717

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	AVUV	FSMD
30 Days	10.21%	7.37%
60 Days	9.79%	7.55%
90 Days	9.75%	9.10%
12 Months	33.07%	35.46%

175 Overlapping Holdings

Symbol	Grade	Weight in AVUV	Weight in FSMD	Overlap
ACT	D	0.11%	0.1%	0.1%
AEO	F	0.54%	0.12%	0.12%
AGX	B	0.36%	0.16%	0.16%
ALKS	B	0.39%	0.16%	0.16%
AMAL	B	0.1%	0.11%	0.1%
AMCX	C	0.04%	0.08%	0.04%
AMKR	D	0.07%	0.11%	0.07%
AMPH	D	0.12%	0.12%	0.12%
AMR	C	0.46%	0.1%	0.1%
ANDE	D	0.29%	0.08%	0.08%
ANF	C	0.42%	0.19%	0.19%
ANIP	F	0.02%	0.09%	0.02%
APOG	B	0.3%	0.11%	0.11%
ARCH	B	0.53%	0.13%	0.13%
AROC	B	0.65%	0.17%	0.17%
ASB	B	0.27%	0.16%	0.16%
ASC	F	0.09%	0.06%	0.06%
ASH	D	0.04%	0.12%	0.04%
ASO	F	0.24%	0.13%	0.13%
AVT	C	0.51%	0.15%	0.15%
AX	A	0.59%	0.16%	0.16%
AXS	A	0.39%	0.19%	0.19%
BCC	B	0.83%	0.15%	0.15%
BFH	B	0.42%	0.13%	0.13%
BHE	B	0.28%	0.11%	0.11%
BKE	B	0.23%	0.11%	0.11%
BPOP	B	0.21%	0.18%	0.18%
BRY	F	0.05%	0.07%	0.05%
BTU	B	0.54%	0.15%	0.15%
CALM	A	0.63%	0.15%	0.15%
CASH	A	0.25%	0.13%	0.13%
CASS	B	0.02%	0.09%	0.02%
CATY	B	0.42%	0.15%	0.15%
CBT	C	0.74%	0.18%	0.18%
CEIX	A	0.53%	0.17%	0.17%
CFB	B	0.08%	0.09%	0.08%
CHCO	B	0.04%	0.12%	0.04%
CIVI	D	0.2%	0.14%	0.14%
CLW	F	0.09%	0.04%	0.04%
CMA	A	0.02%	0.24%	0.02%
CMC	B	0.22%	0.19%	0.19%
CNO	A	0.58%	0.16%	0.16%
CNX	A	0.78%	0.23%	0.23%
CNXN	C	0.11%	0.09%	0.09%
COLM	B	0.37%	0.12%	0.12%
CPF	A	0.1%	0.11%	0.1%
CTBI	B	0.11%	0.11%	0.11%
CUBI	C	0.23%	0.1%	0.1%
DDS	B	0.06%	0.1%	0.06%
DXC	B	0.69%	0.15%	0.15%
EBF	F	0.06%	0.07%	0.06%
EGY	D	0.11%	0.08%	0.08%
EIG	B	0.15%	0.11%	0.11%
ENS	D	0.26%	0.12%	0.12%
ESGR	B	0.29%	0.14%	0.14%
ESNT	D	0.22%	0.17%	0.17%
ETD	C	0.11%	0.08%	0.08%
FBP	B	0.43%	0.14%	0.14%
FF	D	0.01%	0.09%	0.01%
FULT	A	0.33%	0.15%	0.15%
GHC	C	0.02%	0.15%	0.02%
GIC	D	0.0%	0.06%	0.0%
GIII	D	0.23%	0.11%	0.11%
GNW	A	0.27%	0.13%	0.13%
GPOR	B	0.05%	0.13%	0.05%
HCC	B	0.64%	0.13%	0.13%
HCI	C	0.09%	0.11%	0.09%
HMN	B	0.01%	0.12%	0.01%
HOG	D	0.58%	0.13%	0.13%
HSII	B	0.03%	0.09%	0.03%
HUBG	A	0.39%	0.11%	0.11%
HWKN	B	0.21%	0.11%	0.11%
IBCP	B	0.1%	0.1%	0.1%
IBOC	A	0.48%	0.15%	0.15%
IDCC	A	0.77%	0.18%	0.18%
IESC	B	0.06%	0.16%	0.06%
IMKTA	C	0.18%	0.08%	0.08%
IMMR	C	0.02%	0.06%	0.02%
INSW	F	0.36%	0.1%	0.1%
INVA	D	0.12%	0.1%	0.1%
JBSS	D	0.05%	0.07%	0.05%
JXN	C	0.9%	0.22%	0.22%
KBH	D	0.64%	0.16%	0.16%
KELYA	F	0.07%	0.05%	0.05%
KFRC	D	0.01%	0.07%	0.01%
KLG	C	0.12%	0.09%	0.09%
KNF	A	0.01%	0.17%	0.01%
KRT	A	0.03%	0.07%	0.03%
LBRT	D	0.51%	0.12%	0.12%
LNTH	D	0.01%	0.16%	0.01%
LPG	F	0.19%	0.08%	0.08%
LRN	A	0.04%	0.17%	0.04%
LZB	B	0.27%	0.11%	0.11%
MATX	C	0.97%	0.17%	0.17%
MCB	B	0.08%	0.11%	0.08%
MCRI	A	0.17%	0.1%	0.1%
MCY	A	0.08%	0.12%	0.08%
MDU	D	0.54%	0.1%	0.1%
METC	C	0.05%	0.07%	0.05%
MGY	A	0.73%	0.18%	0.18%
MHO	D	0.69%	0.14%	0.14%
MLI	C	0.94%	0.25%	0.25%
MSBI	B	0.07%	0.1%	0.07%
MTG	C	0.38%	0.18%	0.18%
MTH	D	0.16%	0.17%	0.16%
MWA	B	0.01%	0.14%	0.01%
NEU	C	0.02%	0.13%	0.02%
NMIH	D	0.39%	0.13%	0.13%
OFG	B	0.26%	0.11%	0.11%
OMF	A	0.21%	0.18%	0.18%
OSUR	F	0.05%	0.08%	0.05%
OZK	B	0.54%	0.16%	0.16%
PAHC	C	0.08%	0.12%	0.08%
PANL	F	0.03%	0.06%	0.03%
PATK	D	0.1%	0.12%	0.1%
PBF	D	0.28%	0.12%	0.12%
PEBO	A	0.13%	0.1%	0.1%
PFBC	B	0.07%	0.11%	0.07%
PHIN	A	0.38%	0.13%	0.13%
PINC	B	0.33%	0.12%	0.12%
PLAB	C	0.27%	0.11%	0.11%
PLMR	B	0.12%	0.13%	0.12%
PLUS	F	0.36%	0.12%	0.12%
PLXS	B	0.32%	0.16%	0.16%
POWL	C	0.59%	0.18%	0.18%
PRDO	B	0.21%	0.1%	0.1%
QCRH	A	0.18%	0.12%	0.12%
R	B	0.73%	0.19%	0.19%
RDN	C	0.64%	0.15%	0.15%
REX	D	0.1%	0.1%	0.1%
SANM	B	0.4%	0.15%	0.15%
SCHL	D	0.09%	0.09%	0.09%
SCS	C	0.21%	0.08%	0.08%
SCSC	B	0.19%	0.1%	0.1%
SCVL	F	0.11%	0.08%	0.08%
SF	B	0.01%	0.29%	0.01%
SFM	A	0.71%	0.33%	0.33%
SIGA	F	0.05%	0.07%	0.05%
SKWD	A	0.07%	0.13%	0.07%
SKYW	B	0.83%	0.16%	0.16%
SLM	A	0.69%	0.17%	0.17%
SLVM	B	0.46%	0.14%	0.14%
SMP	B	0.08%	0.09%	0.08%
SNEX	B	0.33%	0.13%	0.13%
SNV	B	0.29%	0.23%	0.23%
SPNT	A	0.2%	0.1%	0.1%
SRCE	B	0.03%	0.1%	0.03%
STNG	F	0.45%	0.1%	0.1%
STRL	B	0.3%	0.2%	0.2%
SUPN	C	0.22%	0.14%	0.14%
SXC	A	0.2%	0.1%	0.1%
TDS	B	0.55%	0.18%	0.18%
THFF	B	0.06%	0.1%	0.06%
THG	A	0.09%	0.18%	0.09%
TMHC	B	0.1%	0.2%	0.1%
TNC	D	0.05%	0.08%	0.05%
TPC	C	0.19%	0.1%	0.1%
TPH	D	0.37%	0.13%	0.13%
UFPI	B	0.07%	0.19%	0.07%
UMBF	B	0.6%	0.18%	0.18%
URBN	C	0.45%	0.1%	0.1%
USLM	A	0.04%	0.14%	0.04%
USM	B	0.16%	0.12%	0.12%
UTI	A	0.09%	0.1%	0.09%
UTMD	F	0.0%	0.09%	0.0%
UVE	B	0.07%	0.1%	0.07%
UVSP	B	0.1%	0.11%	0.1%
VNDA	C	0.01%	0.08%	0.01%
VSH	D	0.34%	0.08%	0.08%
VSTO	A	0.41%	0.12%	0.12%
WABC	B	0.18%	0.11%	0.11%
WAL	B	0.11%	0.25%	0.11%
WKC	D	0.16%	0.13%	0.13%
WTFC	A	0.27%	0.22%	0.22%
ZION	B	0.09%	0.23%	0.09%

AVUV Overweight 542 Positions Relative to FSMD

Symbol	Grade	Weight
GATX	A	0.91%
ALK	C	0.9%
HRI	B	0.88%
SM	B	0.83%
AL	B	0.8%
CRC	B	0.72%
NOG	A	0.65%
SIG	B	0.58%
THO	B	0.54%
MARA	C	0.54%
M	D	0.54%
HWC	B	0.52%
TEX	D	0.52%
GT	C	0.51%
HP	B	0.51%
COLB	A	0.5%
AGO	B	0.45%
BHF	B	0.45%
PTEN	C	0.43%
WERN	C	0.42%
ONB	B	0.42%
OII	B	0.39%
KSS	F	0.39%
SATS	D	0.38%
TRN	C	0.38%
VLY	B	0.38%
LCII	C	0.37%
ATKR	C	0.37%
KMT	B	0.37%
PSMT	C	0.36%
ARCB	C	0.36%
TBBK	B	0.35%
BKU	A	0.35%
JWN	C	0.35%
WAFD	B	0.33%
WD	D	0.33%
GBX	A	0.33%
CAKE	C	0.32%
FNB	A	0.31%
PII	D	0.31%
TCBI	B	0.31%
HEES	B	0.31%
BOH	B	0.3%
KOS	F	0.29%
WSFS	A	0.28%
ATSG	B	0.28%
BANR	B	0.28%
JBLU	F	0.28%
CRI	D	0.28%
TALO	C	0.27%
GVA	A	0.27%
CRGY	B	0.27%
LPX	B	0.27%
TILE	B	0.26%
HLX	B	0.26%
FYBR	D	0.25%
EFSC	B	0.25%
ABCB	B	0.24%
MUR	D	0.23%
AGM	C	0.23%
CRK	B	0.22%
PFSI	D	0.22%
WTTR	B	0.22%
CENTA	C	0.22%
TTMI	B	0.22%
HHH	B	0.22%
VC	D	0.22%
DHT	F	0.21%
NTB	B	0.21%
ALGT	B	0.21%
UNFI	A	0.2%
DAN	D	0.2%
BXC	B	0.2%
AAP	C	0.2%
FCF	A	0.2%
PAYO	A	0.2%
CAL	D	0.19%
SFL	D	0.19%
OPEN	D	0.19%
OXM	D	0.19%
WGO	C	0.19%
IRDM	D	0.19%
WMK	C	0.18%
KRP	B	0.18%
KALU	C	0.18%
SASR	B	0.18%
GLNG	C	0.17%
MRTN	C	0.17%
INDB	B	0.17%
SCL	C	0.17%
HOPE	B	0.17%
HRMY	D	0.17%
TRMK	B	0.17%
CC	C	0.17%
SNDR	B	0.17%
FL	F	0.16%
BUSE	B	0.16%
PRG	C	0.16%
DIOD	D	0.16%
DOLE	D	0.16%
STBA	B	0.16%
JELD	F	0.15%
WOR	F	0.15%
NAVI	C	0.15%
PDCO	D	0.15%
PLYA	B	0.15%
OEC	C	0.15%
FDP	B	0.15%
PVH	C	0.14%
HTLF	B	0.14%
UAA	C	0.14%
DCOM	A	0.14%
TOWN	B	0.14%
ODP	F	0.14%
PARR	D	0.14%
WNC	C	0.14%
PTGX	C	0.14%
PFS	B	0.14%
LC	A	0.14%
MRC	B	0.14%
CBRL	C	0.14%
BELFB	C	0.14%
NX	C	0.14%
AM	A	0.14%
GNK	D	0.13%
STNE	F	0.13%
BJRI	B	0.13%
OCFC	B	0.13%
AXL	C	0.13%
PUMP	B	0.13%
PFC	A	0.12%
NBHC	B	0.12%
CABO	C	0.12%
BRKL	B	0.12%
VBTX	B	0.12%
MBUU	C	0.12%
RYI	C	0.12%
CARS	B	0.12%
MTDR	B	0.12%
DAKT	B	0.11%
OBK	B	0.11%
MTUS	C	0.11%
EBS	C	0.11%
ASIX	A	0.11%
RIG	D	0.11%
NWBI	B	0.11%
GAP	C	0.11%
SGHC	A	0.11%
PPBI	B	0.11%
NBR	C	0.11%
FRME	B	0.11%
CNOB	B	0.11%
TCBK	B	0.11%
DNOW	B	0.11%
HAFC	A	0.1%
SNCY	C	0.1%
FMBH	B	0.1%
MBIN	D	0.1%
OSBC	A	0.1%
SPTN	D	0.1%
PAGS	F	0.1%
NR	B	0.1%
MBWM	B	0.1%
BHLB	B	0.1%
VTOL	B	0.1%
RYAM	C	0.1%
BY	B	0.1%
AMRC	F	0.1%
NBN	B	0.09%
SYBT	B	0.09%
IIIN	C	0.09%
MATV	D	0.09%
IBTX	B	0.09%
FOR	F	0.09%
TROX	D	0.09%
NBTB	B	0.09%
RES	D	0.09%
GES	F	0.09%
EGBN	B	0.09%
CLVT	F	0.08%
SWBI	C	0.08%
NNI	D	0.08%
BFST	C	0.08%
NGVC	A	0.08%
FBMS	B	0.08%
HOV	D	0.08%
TGLS	B	0.08%
TRST	A	0.08%
MCS	B	0.08%
ENLC	A	0.08%
ANET	C	0.08%
CHX	C	0.08%
BBW	B	0.08%
KLIC	B	0.08%
NTGR	B	0.08%
SFBS	B	0.08%
NAT	F	0.08%
GLDD	B	0.08%
ALIT	C	0.08%
CVI	F	0.07%
CCNE	B	0.07%
HTBK	A	0.07%
GRNT	B	0.07%
SEB	F	0.07%
SMBC	B	0.07%
VRTS	B	0.07%
GSBC	B	0.07%
HTLD	B	0.07%
LOVE	B	0.07%
HY	D	0.07%
LMB	A	0.07%
WASH	C	0.07%
CMRE	C	0.07%
ZEUS	C	0.07%
BGS	F	0.07%
LXU	B	0.07%
RDUS	C	0.07%
RBCAA	B	0.07%
ACCO	C	0.06%
AROW	B	0.06%
OPY	B	0.06%
CVGW	D	0.06%
AMBC	C	0.06%
REPX	A	0.06%
SD	D	0.06%
CCB	A	0.06%
CCRN	F	0.06%
HTH	B	0.06%
ESQ	A	0.06%
OSCR	D	0.06%
ULH	B	0.06%
UA	C	0.06%
HTBI	B	0.06%
PGC	C	0.06%
VTLE	C	0.06%
LXFR	C	0.05%
KE	C	0.05%
BVS	D	0.05%
APEI	B	0.05%
USNA	C	0.05%
VSAT	F	0.05%
SB	F	0.05%
ARHS	F	0.05%
GDOT	D	0.05%
SBSI	B	0.05%
AMTB	B	0.05%
MCBS	B	0.05%
NRIM	A	0.05%
HVT	D	0.05%
THRM	D	0.05%
SPFI	B	0.05%
FISI	A	0.05%
NFBK	B	0.05%
ORRF	B	0.05%
MCFT	B	0.05%
SMBK	B	0.05%
CVEO	F	0.05%
WTM	A	0.05%
ODC	C	0.05%
FFIC	B	0.05%
HPK	B	0.05%
FG	B	0.05%
BHB	B	0.05%
BKD	D	0.05%
HBNC	B	0.05%
SBLK	F	0.05%
CAC	B	0.05%
NWPX	A	0.05%
USAP	B	0.05%
GDEN	B	0.05%
HRTG	C	0.04%
RGR	F	0.04%
FNKO	D	0.04%
ATNI	F	0.04%
CARE	C	0.04%
VIRC	B	0.04%
CENT	C	0.04%
CCBG	B	0.04%
DBI	F	0.04%
FSBC	B	0.04%
CVBF	A	0.04%
GCO	B	0.04%
ZIMV	D	0.04%
HNRG	B	0.04%
HTZ	C	0.04%
MPB	B	0.04%
MOV	C	0.04%
CLF	F	0.04%
VLGEA	B	0.04%
RBB	B	0.04%
TWI	F	0.04%
DXLG	F	0.03%
ACIC	B	0.03%
XPRO	F	0.03%
ORN	C	0.03%
TMP	B	0.03%
MED	F	0.03%
CNDT	C	0.03%
FLXS	B	0.03%
BANC	A	0.03%
NATR	C	0.03%
IPI	B	0.03%
CENX	B	0.03%
LOB	B	0.03%
NUS	D	0.03%
FBK	B	0.03%
GPRE	F	0.03%
UCB	A	0.03%
PKOH	B	0.03%
LYTS	B	0.03%
DHIL	A	0.03%
EZPW	A	0.03%
RNGR	B	0.03%
EBC	B	0.03%
MYE	F	0.03%
WRLD	C	0.03%
GRBK	D	0.03%
HFWA	B	0.03%
LE	D	0.03%
SHBI	A	0.03%
AOSL	C	0.03%
CRCT	F	0.03%
MOFG	A	0.03%
VPG	D	0.03%
SGC	C	0.03%
FLIC	B	0.03%
TH	C	0.03%
AMPY	C	0.03%
SFNC	B	0.03%
LKFN	B	0.03%
GLRE	B	0.03%
FLWS	F	0.03%
JAKK	C	0.03%
GHM	A	0.02%
PBYI	C	0.02%
VRA	F	0.02%
PUBM	C	0.02%
EPM	A	0.02%
HBCP	B	0.02%
LEGH	D	0.02%
FSTR	B	0.02%
ESOA	A	0.02%
FRBA	C	0.02%
FBNC	A	0.02%
RICK	C	0.02%
BFC	B	0.02%
IMXI	B	0.02%
OIS	C	0.02%
WTBA	B	0.02%
HBT	B	0.02%
FFBC	A	0.02%
HIFS	B	0.02%
ALRS	D	0.02%
MNTK	F	0.02%
BMRC	B	0.02%
UNTY	B	0.02%
CIVB	B	0.02%
CMT	D	0.02%
LEA	D	0.02%
ACDC	C	0.02%
KODK	B	0.02%
TCBX	A	0.02%
MERC	F	0.02%
EQBK	A	0.02%
FFWM	C	0.02%
SFST	B	0.02%
SAFT	C	0.02%
HBB	F	0.02%
HOFT	C	0.02%
FIBK	A	0.02%
INBK	B	0.02%
BSRR	B	0.02%
PRA	C	0.02%
RM	D	0.02%
HONE	B	0.02%
FIVE	F	0.02%
FSBW	B	0.02%
WLFC	B	0.02%
FMNB	B	0.02%
SWIM	C	0.02%
MEI	D	0.02%
FIGS	F	0.02%
REI	D	0.02%
PLPC	B	0.02%
SHEN	F	0.02%
TTI	C	0.02%
TBI	F	0.02%
HDSN	F	0.02%
RCKY	F	0.02%
FBIZ	B	0.02%
ACNB	B	0.02%
BWB	B	0.02%
UBFO	A	0.01%
MTRX	B	0.01%
EVC	C	0.01%
BSET	B	0.01%
PWOD	A	0.01%
BSVN	B	0.01%
KRO	D	0.01%
COFS	A	0.01%
TSBK	B	0.01%
KEQU	C	0.01%
SONO	C	0.01%
FRST	B	0.01%
FCBC	B	0.01%
LSEA	D	0.01%
KLXE	C	0.01%
CBNK	B	0.01%
ISTR	B	0.01%
OPBK	B	0.01%
BWFG	A	0.01%
NC	B	0.01%
LFVN	B	0.01%
LCUT	F	0.01%
JRVR	F	0.01%
LWAY	D	0.01%
MPAA	C	0.01%
ATLC	B	0.01%
GABC	B	0.01%
IBEX	B	0.01%
FUNC	A	0.01%
CBAN	B	0.01%
BCML	A	0.01%
APLD	A	0.01%
METCB	D	0.01%
VEL	A	0.01%
ACTG	D	0.01%
PKBK	A	0.01%
GNTY	A	0.01%
FLL	D	0.01%
LTH	C	0.01%
GEOS	C	0.01%
ACU	B	0.01%
UFCS	B	0.01%
LNN	B	0.01%
ITIC	B	0.01%
AMSF	B	0.01%
TTSH	D	0.01%
ALTG	C	0.01%
HMST	D	0.01%
EBTC	B	0.01%
MFIN	C	0.01%
NGS	B	0.01%
SRI	F	0.01%
EVBN	B	0.01%
PCB	A	0.01%
BELFA	D	0.01%
CVGI	F	0.01%
RLGT	A	0.01%
CLAR	D	0.01%
WSBF	C	0.01%
NNBR	C	0.01%
MVBF	B	0.01%
MYRG	B	0.01%
MTW	C	0.01%
TAYD	D	0.01%
AVO	C	0.01%
UEIC	C	0.01%
BCBP	A	0.01%
TG	D	0.01%
KRNY	B	0.01%
RMAX	C	0.01%
OBT	C	0.01%
MEC	D	0.01%
CPHC	C	0.0%
AVNW	F	0.0%
VREX	C	0.0%
MRBK	A	0.0%
NKSH	B	0.0%
SRTS	B	0.0%
MNSB	C	0.0%
WNEB	A	0.0%
KVHI	B	0.0%
PLBC	A	0.0%
ECPG	B	0.0%
FGBI	A	0.0%
ESCA	C	0.0%
IPGP	D	0.0%
MYFW	B	0.0%
AIN	C	0.0%
LAKE	B	0.0%
ATLO	D	0.0%
VABK	C	0.0%
KOP	C	0.0%
FDBC	C	0.0%
CNTY	B	0.0%
PVBC	B	0.0%
AOUT	A	0.0%
WOW	B	0.0%
PHX	A	0.0%
PDEX	B	0.0%
BCAL	B	0.0%
NEWT	B	0.0%
PCRX	C	0.0%
WEYS	C	0.0%
OB	C	0.0%
MYPS	C	0.0%
LPRO	C	0.0%
ZUMZ	C	0.0%
DLTH	D	0.0%
UFI	F	0.0%
CSPI	C	0.0%
SPWH	F	0.0%
NWFL	C	0.0%
TBNK	B	0.0%
CZFS	B	0.0%
NIC	B	0.0%
VHI	D	0.0%
RRBI	A	0.0%
FVCB	B	0.0%
CRD.B	D	0.0%
EML	D	0.0%
CHMG	B	0.0%
QUAD	C	0.0%
FONR	D	0.0%
EPSN	B	0.0%
CCRD	A	0.0%
PFIS	A	0.0%
KINS	B	0.0%
CFFI	B	0.0%
CATO	D	0.0%
PEBK	B	0.0%
CBFV	A	0.0%
RVSB	B	0.0%
OVLY	A	0.0%
ASTE	B	0.0%
BOOM	F	0.0%
HWBK	B	0.0%
FNLC	B	0.0%
TWIN	F	0.0%
PNRG	B	0.0%
PYXS	D	0.0%
FET	D	0.0%
CPSS	B	0.0%
FRAF	A	0.0%
BFIN	B	0.0%
SEG	B	0.0%
BANF	B	0.0%
MPX	B	0.0%
XBIT	F	0.0%
OLPX	D	0.0%
STKS	F	0.0%

AVUV Underweight 403 Positions Relative to FSMD

Symbol	Grade	Weight
TPL	A	-0.57%
EME	C	-0.46%
LYV	A	-0.42%
IBKR	A	-0.42%
NRG	B	-0.41%
UTHR	C	-0.38%
NTNX	A	-0.38%
LII	A	-0.37%
SNA	A	-0.37%
MANH	D	-0.36%
NTRA	B	-0.35%
GWRE	A	-0.35%
RPM	A	-0.35%
THC	D	-0.34%
PNR	A	-0.34%
FIX	A	-0.34%
NWSA	B	-0.33%
DUOL	A	-0.33%
EWBC	A	-0.33%
TOL	B	-0.33%
WSO	A	-0.33%
CASY	A	-0.32%
OC	A	-0.32%
EQH	B	-0.32%
TW	A	-0.32%
RGA	A	-0.31%
L	A	-0.31%
CW	B	-0.31%
ACM	A	-0.31%
GGG	B	-0.3%
INCY	C	-0.3%
RNR	C	-0.3%
PSTG	D	-0.3%
ROL	B	-0.29%
TXRH	C	-0.29%
FTI	A	-0.29%
UNM	A	-0.29%
CPT	B	-0.28%
DOCS	C	-0.28%
TPR	B	-0.28%
NDSN	B	-0.28%
EXEL	B	-0.28%
ELS	C	-0.28%
DTM	B	-0.28%
SCI	B	-0.28%
SW	A	-0.28%
NBIX	C	-0.27%
TTEK	F	-0.27%
UHS	D	-0.27%
ATR	B	-0.27%
EVR	B	-0.27%
REG	B	-0.27%
CLH	B	-0.27%
JLL	D	-0.27%
CACI	D	-0.27%
JNPR	F	-0.27%
LECO	B	-0.26%
PRI	A	-0.26%
PCVX	D	-0.26%
LAMR	D	-0.26%
BSY	D	-0.26%
BXP	D	-0.26%
ALLE	D	-0.26%
WBS	A	-0.26%
BWXT	B	-0.26%
OWL	A	-0.26%
AMH	D	-0.26%
CIEN	B	-0.26%
FHN	A	-0.26%
NVT	B	-0.26%
AIZ	A	-0.26%
ITT	A	-0.26%
CHRW	C	-0.26%
AAON	B	-0.25%
ALSN	B	-0.25%
AIT	A	-0.25%
EXP	A	-0.25%
HLI	B	-0.25%
SOLV	C	-0.25%
EHC	B	-0.25%
DOX	D	-0.25%
DKS	C	-0.25%
BJ	A	-0.25%
TAP	C	-0.25%
OGE	B	-0.24%
WWD	B	-0.24%
NYT	C	-0.24%
BLD	D	-0.24%
OHI	C	-0.24%
INGR	B	-0.24%
BRBR	A	-0.24%
AYI	B	-0.24%
KNSL	B	-0.24%
CUBE	D	-0.24%
GMED	A	-0.24%
HLNE	B	-0.23%
PLNT	A	-0.23%
MORN	B	-0.23%
AFG	A	-0.23%
ORI	A	-0.23%
SRPT	D	-0.23%
MASI	A	-0.23%
TPX	B	-0.23%
MUSA	A	-0.23%
FN	D	-0.23%
ERIE	D	-0.23%
GL	B	-0.23%
ADMA	B	-0.22%
RGLD	C	-0.22%
ENSG	D	-0.22%
SNX	C	-0.22%
BRX	A	-0.22%
SEIC	B	-0.22%
DVA	B	-0.22%
RL	B	-0.22%
VOYA	B	-0.22%
CBSH	A	-0.22%
ALLY	C	-0.22%
WING	D	-0.22%
WH	B	-0.22%
CHDN	B	-0.22%
HALO	F	-0.21%
QTWO	A	-0.21%
CORT	B	-0.21%
CR	A	-0.21%
GPK	C	-0.21%
MEDP	D	-0.21%
HSIC	B	-0.21%
EXLS	B	-0.21%
EWTX	C	-0.21%
ONTO	D	-0.21%
TFX	F	-0.21%
GKOS	B	-0.21%
AXTA	A	-0.21%
RBC	A	-0.21%
HRB	D	-0.21%
FRT	B	-0.21%
MTSI	B	-0.21%
CHE	D	-0.21%
DCI	B	-0.21%
ELAN	D	-0.2%
CRBG	B	-0.2%
RHI	B	-0.2%
MMSI	B	-0.2%
SKX	D	-0.2%
CPB	D	-0.2%
FLS	B	-0.2%
SAIC	F	-0.2%
ESAB	B	-0.2%
CHRD	D	-0.2%
REXR	F	-0.2%
RLI	B	-0.2%
MTCH	D	-0.2%
HRL	D	-0.2%
CVLT	B	-0.2%
ADC	B	-0.2%
BWA	D	-0.2%
RDNT	B	-0.2%
G	B	-0.2%
MHK	D	-0.19%
WMS	D	-0.19%
BMI	B	-0.19%
ACIW	B	-0.19%
ALV	C	-0.19%
ACI	C	-0.19%
KD	B	-0.19%
COOP	B	-0.19%
TTC	D	-0.19%
PRCT	B	-0.19%
AOS	F	-0.19%
RGEN	D	-0.19%
BERY	B	-0.19%
ACLX	C	-0.19%
DBX	B	-0.19%
NNN	D	-0.19%
WMG	C	-0.18%
WFRD	D	-0.18%
SUM	B	-0.18%
OSK	B	-0.18%
OLED	D	-0.18%
ESTC	C	-0.18%
TREX	C	-0.18%
DINO	D	-0.18%
VNT	B	-0.18%
HIMS	B	-0.18%
SN	D	-0.18%
FR	C	-0.18%
SIGI	C	-0.18%
PIPR	B	-0.18%
VMI	B	-0.18%
AWI	A	-0.18%
SSD	D	-0.18%
ALTR	B	-0.18%
CSWI	A	-0.18%
GNTX	C	-0.18%
NFG	A	-0.18%
MTN	C	-0.18%
NXST	C	-0.17%
KTB	B	-0.17%
ITGR	B	-0.17%
FTDR	A	-0.17%
DORM	B	-0.17%
FCN	D	-0.17%
LSTR	D	-0.17%
AMG	B	-0.17%
PI	D	-0.17%
BPMC	C	-0.17%
GPI	A	-0.17%
QLYS	C	-0.17%
BFAM	D	-0.17%
HII	D	-0.17%
MOG.A	B	-0.17%
STAG	F	-0.17%
BYD	C	-0.17%
ESI	A	-0.17%
NOVT	D	-0.17%
EPRT	B	-0.17%
SPSC	C	-0.17%
CROX	D	-0.16%
POST	C	-0.16%
TGNA	B	-0.16%
ABG	B	-0.16%
VVV	F	-0.16%
ZETA	D	-0.16%
ZD	C	-0.16%
HAE	C	-0.16%
PEGA	A	-0.16%
ALE	A	-0.16%
CUZ	B	-0.16%
APPF	B	-0.16%
PBH	A	-0.16%
PRIM	A	-0.16%
COKE	C	-0.16%
BGC	C	-0.16%
OLLI	D	-0.16%
MSA	D	-0.16%
BKH	A	-0.16%
BCPC	B	-0.16%
ZWS	B	-0.16%
ROAD	A	-0.16%
ARW	D	-0.16%
CNM	D	-0.16%
GEO	B	-0.16%
VRNS	D	-0.16%
LOPE	B	-0.16%
UGI	A	-0.16%
MIR	A	-0.15%
SEM	B	-0.15%
NWE	B	-0.15%
KRC	C	-0.15%
MMS	F	-0.15%
CVCO	A	-0.15%
AGCO	D	-0.15%
CRVL	A	-0.15%
VIRT	B	-0.15%
FHI	A	-0.15%
KRYS	B	-0.15%
ASGN	F	-0.15%
KAI	A	-0.15%
ACA	A	-0.15%
AXNX	C	-0.15%
EEFT	B	-0.15%
DY	D	-0.15%
TNL	A	-0.15%
TENB	C	-0.15%
CPRX	C	-0.15%
BRKR	D	-0.15%
WTS	B	-0.15%
PSN	D	-0.15%
CRUS	D	-0.15%
PJT	A	-0.15%
SR	A	-0.15%
CTRE	D	-0.15%
CRNX	C	-0.15%
PRGS	A	-0.14%
NHI	D	-0.14%
VCTR	B	-0.14%
APAM	B	-0.14%
VCEL	B	-0.14%
YELP	C	-0.14%
CXW	B	-0.14%
ENVA	B	-0.14%
WDFC	B	-0.14%
DLB	B	-0.14%
ATGE	B	-0.14%
SLGN	A	-0.14%
CHH	A	-0.14%
IBP	D	-0.14%
EXPO	D	-0.14%
IDT	B	-0.14%
SON	D	-0.14%
SMLR	B	-0.14%
FSS	B	-0.14%
SXT	B	-0.13%
LGND	B	-0.13%
CBZ	B	-0.13%
OTTR	C	-0.13%
BNL	D	-0.13%
MSM	C	-0.13%
FUL	F	-0.13%
SHOO	D	-0.13%
WEN	D	-0.13%
TKR	D	-0.13%
DEI	B	-0.13%
LMAT	A	-0.13%
NSIT	F	-0.13%
AN	C	-0.13%
LANC	C	-0.13%
AVA	A	-0.13%
HIW	D	-0.13%
UE	C	-0.13%
FLO	D	-0.13%
RUSHA	C	-0.13%
KFY	B	-0.13%
GTES	A	-0.13%
AGR	B	-0.13%
FELE	B	-0.13%
IOSP	B	-0.12%
TPB	B	-0.12%
FORM	D	-0.12%
OSIS	B	-0.12%
CTS	C	-0.12%
ICFI	F	-0.12%
NSA	D	-0.12%
PAG	B	-0.12%
ADUS	D	-0.12%
OGN	D	-0.12%
PPC	C	-0.12%
BRC	D	-0.12%
AMRX	C	-0.12%
AMED	F	-0.12%
BCO	D	-0.12%
EPAC	B	-0.12%
UFPT	B	-0.12%
WSBC	A	-0.12%
WU	D	-0.12%
WLK	D	-0.12%
HCKT	B	-0.11%
AZZ	B	-0.11%
HNI	B	-0.11%
NHC	C	-0.11%
GOLF	B	-0.11%
VRRM	D	-0.11%
LTC	B	-0.11%
EQC	B	-0.11%
TWST	D	-0.11%
SHO	C	-0.11%
SBH	C	-0.11%
STRA	C	-0.11%
CXT	B	-0.11%
UNF	B	-0.11%
SPOK	C	-0.11%
ALRM	C	-0.11%
ADTN	A	-0.11%
MGRC	B	-0.11%
PLTK	B	-0.11%
MTX	B	-0.11%
ATEN	B	-0.11%
GNE	D	-0.1%
ASTH	D	-0.1%
KURA	F	-0.1%
DEA	D	-0.1%
ROCK	C	-0.1%
USPH	B	-0.1%
LEVI	F	-0.1%
AAT	B	-0.1%
PDM	D	-0.1%
HSTM	B	-0.1%
WINA	B	-0.1%
UTL	B	-0.1%
CSV	B	-0.1%
CRAI	B	-0.1%
SIRI	C	-0.1%
XHR	B	-0.1%
ZYXI	D	-0.09%
MLR	B	-0.09%
PGRE	F	-0.09%
CWCO	C	-0.09%
INFA	D	-0.09%
FIZZ	C	-0.09%
WSR	A	-0.09%
REYN	D	-0.09%
OLP	B	-0.09%
BBSI	B	-0.09%
UPBD	B	-0.09%
ALX	D	-0.08%
NVEC	C	-0.08%
VECO	F	-0.08%
STAA	F	-0.08%
COLL	F	-0.08%
SSTK	F	-0.08%
HCSG	C	-0.08%
CNXC	F	-0.07%
CECO	A	-0.07%
NSSC	D	-0.07%
NPK	B	-0.07%
RMR	F	-0.07%
HE	C	-0.07%
SLP	D	-0.07%
TRNS	D	-0.07%
MRVI	F	-0.06%
AMN	F	-0.05%
JBI	F	-0.04%