DES vs. AVUV ETF Comparison

Comparison of SmallCap Dividend Fund (DES) to Avantis U.S. Small Cap Value ETF (AVUV)

DES

SmallCap Dividend Fund

DES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend 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 measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

142,366

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

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

$89.96

Average Daily Volume

635,199

Number of Holdings ^*

741

* may have additional holdings in another (foreign) market

Performance

Period	DES	AVUV
30 Days	-1.23%	-1.76%
60 Days	0.46%	0.71%
90 Days	2.40%	3.61%
12 Months	19.26%	29.89%

316 Overlapping Holdings

Symbol	Grade	Weight in DES	Weight in AVUV	Overlap
AAN	F	0.04%	0.04%	0.04%
ABCB	A	0.15%	0.25%	0.15%
ACCO	D	0.11%	0.02%	0.02%
ACU	C	0.03%	0.01%	0.01%
AGM	A	0.18%	0.22%	0.18%
AGX	B	0.14%	0.12%	0.12%
ALGT	F	0.16%	0.18%	0.16%
ALRS	D	0.05%	0.03%	0.03%
ALTG	D	0.08%	0.01%	0.01%
AMAL	A	0.04%	0.07%	0.04%
AMSF	F	0.26%	0.01%	0.01%
AMTB	A	0.04%	0.07%	0.04%
ANDE	B	0.14%	0.37%	0.14%
ANET	C	0.14%	0.03%	0.03%
APOG	A	0.21%	0.22%	0.21%
ARCB	F	0.15%	0.6%	0.15%
ARCH	D	0.14%	0.6%	0.14%
AROC	A	0.7%	0.55%	0.55%
AROW	C	0.02%	0.04%	0.02%
ASB	A	0.46%	0.35%	0.35%
ASIX	F	0.12%	0.12%	0.12%
ASTE	F	0.13%	0.01%	0.01%
ATNI	F	0.06%	0.04%	0.04%
BANC	C	0.19%	0.0%	0.0%
BANF	A	0.23%	0.0%	0.0%
BANR	B	0.16%	0.19%	0.16%
BBSI	B	0.11%	0.01%	0.01%
BELFB	B	0.07%	0.12%	0.07%
BFC	D	0.04%	0.01%	0.01%
BGS	B	0.23%	0.1%	0.1%
BHB	A	0.02%	0.04%	0.02%
BHE	A	0.17%	0.07%	0.07%
BHLB	A	0.09%	0.1%	0.09%
BKE	B	0.36%	0.19%	0.19%
BKU	A	0.22%	0.26%	0.22%
BMRC	F	0.02%	0.02%	0.02%
BOH	C	0.29%	0.29%	0.29%
BRKL	F	0.06%	0.08%	0.06%
BRY	B	0.2%	0.1%	0.1%
BSET	D	0.03%	0.01%	0.01%
BSRR	A	0.04%	0.02%	0.02%
BSVN	A	0.03%	0.0%	0.0%
BTU	F	0.18%	0.56%	0.18%
BUSE	A	0.14%	0.15%	0.14%
BY	A	0.06%	0.08%	0.06%
CABO	F	0.21%	0.05%	0.05%
CAC	B	0.03%	0.04%	0.03%
CAKE	D	0.25%	0.22%	0.22%
CAL	D	0.14%	0.23%	0.14%
CALM	C	0.11%	0.46%	0.11%
CASH	A	0.06%	0.18%	0.06%
CASS	C	0.04%	0.04%	0.04%
CATC	B	0.03%	0.05%	0.03%
CATO	F	0.03%	0.0%	0.0%
CATY	D	0.4%	0.32%	0.32%
CBNK	D	0.02%	0.01%	0.01%
CBRL	F	0.35%	0.17%	0.17%
CCNE	D	0.04%	0.05%	0.04%
CCS	C	0.19%	0.3%	0.19%
CHCO	A	0.18%	0.05%	0.05%
CIVB	F	0.03%	0.01%	0.01%
CLAR	F	0.06%	0.01%	0.01%
CNO	A	0.18%	0.41%	0.18%
CNOB	C	0.05%	0.08%	0.05%
CNXN	F	0.09%	0.11%	0.09%
CPF	A	0.05%	0.07%	0.05%
CRC	D	0.49%	0.67%	0.49%
CRGY	F	0.18%	0.13%	0.13%
CRI	F	0.58%	0.37%	0.37%
CSPI	D	0.03%	0.0%	0.0%
CTBI	A	0.13%	0.08%	0.08%
CVBF	C	0.28%	0.04%	0.04%
CVGW	B	0.08%	0.03%	0.03%
CVI	F	0.97%	0.06%	0.06%
DAN	B	0.23%	0.26%	0.23%
DBI	D	0.1%	0.08%	0.08%
DCOM	B	0.07%	0.08%	0.07%
DGICA	F	0.04%	0.0%	0.0%
DHIL	B	0.05%	0.03%	0.03%
EBF	C	0.16%	0.03%	0.03%
EFSC	B	0.09%	0.18%	0.09%
EGBN	F	0.11%	0.07%	0.07%
EGY	B	0.19%	0.12%	0.12%
EIG	D	0.12%	0.13%	0.12%
EML	B	0.06%	0.0%	0.0%
ENS	C	0.23%	0.03%	0.03%
EPM	F	0.05%	0.03%	0.03%
EQBK	A	0.04%	0.05%	0.04%
ESCA	F	0.05%	0.0%	0.0%
ETD	F	0.19%	0.11%	0.11%
EVC	D	0.05%	0.01%	0.01%
FBIZ	B	0.02%	0.02%	0.02%
FBK	A	0.09%	0.04%	0.04%
FBMS	F	0.07%	0.03%	0.03%
FBNC	F	0.09%	0.02%	0.02%
FBP	A	0.48%	0.37%	0.37%
FCBC	A	0.07%	0.01%	0.01%
FCF	A	0.14%	0.15%	0.14%
FDBC	D	0.01%	0.0%	0.0%
FF	B	0.07%	0.01%	0.01%
FFIC	D	0.04%	0.04%	0.04%
FHB	A	0.42%	0.01%	0.01%
FIBK	A	0.61%	0.03%	0.03%
FISI	D	0.07%	0.03%	0.03%
FLIC	F	0.04%	0.03%	0.03%
FMBH	A	0.05%	0.07%	0.05%
FMNB	D	0.03%	0.03%	0.03%
FRBA	F	0.02%	0.01%	0.01%
FRME	A	0.25%	0.13%	0.13%
FRST	F	0.03%	0.01%	0.01%
FSBC	D	0.03%	0.01%	0.01%
FSBW	C	0.02%	0.02%	0.02%
FULT	A	0.34%	0.32%	0.32%
GABC	D	0.13%	0.01%	0.01%
GBX	B	0.23%	0.24%	0.23%
GES	A	0.32%	0.15%	0.15%
GHC	B	0.15%	0.09%	0.09%
GIC	F	0.21%	0.03%	0.03%
GNTY	B	0.03%	0.01%	0.01%
GRNT	B	0.27%	0.05%	0.05%
GSBC	A	0.04%	0.07%	0.04%
HAFC	B	0.04%	0.06%	0.04%
HBB	D	0.06%	0.01%	0.01%
HBNC	A	0.07%	0.05%	0.05%
HBT	B	0.08%	0.02%	0.02%
HCC	B	0.16%	0.78%	0.16%
HCI	B	0.05%	0.06%	0.05%
HEES	F	0.24%	0.34%	0.24%
HFWA	B	0.08%	0.03%	0.03%
HIBB	A	0.13%	0.18%	0.13%
HMN	A	0.16%	0.0%	0.0%
HOFT	F	0.04%	0.03%	0.03%
HONE	A	0.03%	0.03%	0.03%
HOPE	D	0.19%	0.15%	0.15%
HP	F	0.43%	0.49%	0.43%
HPK	F	0.11%	0.05%	0.05%
HRI	D	0.35%	0.64%	0.35%
HTBK	D	0.08%	0.05%	0.05%
HTH	B	0.1%	0.09%	0.09%
HTLD	D	0.05%	0.06%	0.05%
HTLF	A	0.13%	0.14%	0.13%
HVT	F	0.13%	0.07%	0.07%
HWC	A	0.31%	0.48%	0.31%
HWKN	A	0.15%	0.18%	0.15%
HY	D	0.17%	0.03%	0.03%
IBCP	A	0.05%	0.07%	0.05%
IBOC	A	0.39%	0.4%	0.39%
IDCC	B	0.24%	0.43%	0.24%
IIIN	F	0.06%	0.11%	0.06%
IMKTA	F	0.07%	0.2%	0.07%
IMMR	B	0.07%	0.03%	0.03%
INBK	D	0.01%	0.02%	0.01%
INDB	B	0.24%	0.05%	0.05%
ISTR	B	0.02%	0.0%	0.0%
ITIC	A	0.05%	0.0%	0.0%
JBSS	C	0.2%	0.08%	0.08%
JOUT	D	0.06%	0.01%	0.01%
JWN	A	0.55%	0.19%	0.19%
KALU	A	0.34%	0.05%	0.05%
KELYA	C	0.1%	0.1%	0.1%
KFRC	C	0.18%	0.02%	0.02%
KFY	C	0.2%	0.25%	0.2%
KLG	A	0.48%	0.11%	0.11%
KLIC	F	0.19%	0.25%	0.19%
KMT	D	0.22%	0.31%	0.22%
KRNY	F	0.05%	0.01%	0.01%
KRO	A	0.39%	0.01%	0.01%
KRT	C	0.14%	0.03%	0.03%
KSS	C	0.79%	0.54%	0.54%
KW	B	0.09%	0.03%	0.03%
LAKE	B	0.04%	0.0%	0.0%
LBAI	B	0.1%	0.09%	0.09%
LBRT	B	0.34%	0.68%	0.34%
LCII	F	0.37%	0.3%	0.3%
LCUT	D	0.06%	0.01%	0.01%
LKFN	C	0.12%	0.04%	0.04%
LNN	B	0.1%	0.01%	0.01%
LOB	F	0.07%	0.07%	0.07%
LYTS	A	0.09%	0.03%	0.03%
LZB	F	0.15%	0.23%	0.15%
MATX	B	0.22%	0.8%	0.22%
MBIN	B	0.08%	0.1%	0.08%
MBWM	A	0.07%	0.08%	0.07%
MCBC	A	0.06%	0.04%	0.04%
MCBS	A	0.07%	0.03%	0.03%
MCRI	D	0.19%	0.15%	0.15%
MCS	F	0.09%	0.05%	0.05%
MEI	F	0.05%	0.02%	0.02%
MMI	D	0.06%	0.05%	0.05%
MOV	F	0.09%	0.06%	0.06%
MPX	B	0.11%	0.01%	0.01%
MRTN	D	0.11%	0.17%	0.11%
MSBI	C	0.05%	0.07%	0.05%
MYE	A	0.18%	0.09%	0.09%
NAVI	F	0.19%	0.18%	0.18%
NBHC	B	0.11%	0.05%	0.05%
NBN	B	0.01%	0.05%	0.01%
NBTB	A	0.16%	0.1%	0.1%
NC	C	0.05%	0.01%	0.01%
NEWT	D	0.05%	0.01%	0.01%
NFBK	D	0.05%	0.04%	0.04%
NGVC	B	0.1%	0.03%	0.03%
NIC	C	0.05%	0.0%	0.0%
NNI	A	0.12%	0.09%	0.09%
NOG	B	0.65%	0.61%	0.61%
NRIM	B	0.04%	0.03%	0.03%
NUS	F	0.13%	0.04%	0.04%
NWBI	D	0.28%	0.05%	0.05%
NWLI	A	0.08%	0.03%	0.03%
NX	C	0.1%	0.19%	0.1%
OBK	A	0.03%	0.1%	0.03%
OBT	B	0.01%	0.0%	0.0%
OCFC	C	0.13%	0.1%	0.1%
ODC	B	0.09%	0.05%	0.05%
OFG	A	0.18%	0.24%	0.18%
OPY	A	0.03%	0.03%	0.03%
ORRF	A	0.03%	0.03%	0.03%
OSBC	B	0.04%	0.08%	0.04%
OXM	A	0.23%	0.26%	0.23%
PAHC	A	0.04%	0.02%	0.02%
PATK	C	0.36%	0.29%	0.29%
PDCO	F	0.36%	0.1%	0.1%
PEBO	A	0.22%	0.12%	0.12%
PFBC	A	0.14%	0.14%	0.14%
PFC	A	0.11%	0.09%	0.09%
PFS	B	0.21%	0.14%	0.14%
PGC	F	0.03%	0.05%	0.03%
PHIN	A	0.31%	0.23%	0.23%
PHX	B	0.04%	0.0%	0.0%
PINC	C	0.38%	0.23%	0.23%
PKOH	B	0.07%	0.02%	0.02%
PLBC	B	0.01%	0.0%	0.0%
PLPC	D	0.07%	0.0%	0.0%
POWL	B	0.19%	0.29%	0.19%
PPBI	C	0.29%	0.2%	0.2%
PRDO	A	0.2%	0.18%	0.18%
PRK	A	0.21%	0.04%	0.04%
PSMT	A	0.17%	0.34%	0.17%
QCRH	C	0.04%	0.12%	0.04%
RBCAA	A	0.1%	0.05%	0.05%
RCKY	A	0.05%	0.02%	0.02%
RDUS	F	0.09%	0.08%	0.08%
REPX	F	0.15%	0.02%	0.02%
RES	F	0.16%	0.11%	0.11%
REVG	A	0.13%	0.0%	0.0%
RGR	B	0.1%	0.08%	0.08%
RICK	F	0.06%	0.01%	0.01%
RM	B	0.04%	0.02%	0.02%
RMR	A	0.02%	0.01%	0.01%
RNGR	F	0.07%	0.02%	0.02%
RRBI	F	0.02%	0.0%	0.0%
RYI	F	0.14%	0.18%	0.14%
SAFT	A	0.13%	0.04%	0.04%
SASR	C	0.16%	0.11%	0.11%
SBSI	F	0.09%	0.03%	0.03%
SCHL	D	0.12%	0.13%	0.12%
SCL	C	0.16%	0.08%	0.08%
SCS	C	0.23%	0.21%	0.21%
SCVL	B	0.14%	0.09%	0.09%
SD	B	0.11%	0.08%	0.08%
SFBS	C	0.17%	0.1%	0.1%
SFNC	D	0.3%	0.04%	0.04%
SGC	A	0.07%	0.02%	0.02%
SHBI	D	0.03%	0.01%	0.01%
SHEN	F	0.04%	0.04%	0.04%
SHOO	C	0.37%	0.15%	0.15%
SLM	B	0.36%	0.71%	0.36%
SLVM	A	0.35%	0.23%	0.23%
SMBC	D	0.03%	0.04%	0.03%
SMBK	C	0.03%	0.03%	0.03%
SMMF	B	0.04%	0.03%	0.03%
SMP	D	0.11%	0.07%	0.07%
SOI	A	0.08%	0.03%	0.03%
SPFI	A	0.02%	0.03%	0.02%
SPTN	D	0.13%	0.1%	0.1%
SRCE	A	0.13%	0.06%	0.06%
STBA	A	0.13%	0.12%	0.12%
SWBI	A	0.15%	0.12%	0.12%
SXC	D	0.18%	0.19%	0.18%
SYBT	A	0.09%	0.0%	0.0%
TCBK	B	0.08%	0.09%	0.08%
TDS	B	0.25%	0.31%	0.25%
TEX	D	0.23%	0.56%	0.23%
THFF	A	0.07%	0.05%	0.05%
TILE	B	0.1%	0.17%	0.1%
TNC	B	0.21%	0.09%	0.09%
TOWN	A	0.2%	0.16%	0.16%
TRMK	A	0.19%	0.2%	0.19%
TRN	A	0.34%	0.1%	0.1%
TRST	B	0.07%	0.06%	0.06%
UCBI	B	0.32%	0.04%	0.04%
ULH	A	0.18%	0.04%	0.04%
UMBF	B	0.21%	0.44%	0.21%
UNTY	A	0.01%	0.01%	0.01%
USLM	A	0.11%	0.02%	0.02%
UVE	B	0.07%	0.06%	0.06%
VBTX	A	0.12%	0.12%	0.12%
VHI	D	0.09%	0.0%	0.0%
VLGEA	A	0.08%	0.03%	0.03%
VRTS	D	0.25%	0.1%	0.1%
VSH	B	0.22%	0.53%	0.22%
WABC	A	0.17%	0.15%	0.15%
WAFD	A	0.17%	0.23%	0.17%
WASH	B	0.09%	0.05%	0.05%
WD	B	0.24%	0.22%	0.22%
WERN	D	0.14%	0.38%	0.14%
WEYS	C	0.08%	0.0%	0.0%
WGO	F	0.17%	0.26%	0.17%
WIRE	B	0.21%	0.87%	0.21%
WMK	B	0.18%	0.14%	0.14%
WNC	F	0.11%	0.18%	0.11%
WOR	C	0.4%	0.21%	0.21%
WSFS	A	0.12%	0.26%	0.12%
WTBA	C	0.03%	0.01%	0.01%
WTTR	B	0.18%	0.09%	0.09%
ZEUS	D	0.1%	0.14%	0.1%

DES Overweight 260 Positions Relative to AVUV

Symbol	Grade	Weight
OGN	A	1.43%
TFSL	B	0.81%
ALE	A	0.76%
EPR	C	0.75%
CCOI	F	0.64%
LEG	F	0.63%
SMG	B	0.6%
BNL	B	0.6%
NSA	C	0.6%
BKH	A	0.59%
TNL	D	0.59%
KNTK	B	0.58%
CNS	D	0.56%
SR	A	0.55%
VCTR	A	0.55%
OGS	B	0.55%
SBRA	B	0.53%
XRX	F	0.53%
NWE	A	0.52%
EPRT	A	0.52%
VAC	B	0.52%
AVA	A	0.51%
TPG	C	0.48%
NHI	A	0.47%
KTB	A	0.47%
MC	C	0.46%
VGR	F	0.46%
OTTR	A	0.44%
SLG	A	0.44%
AVNT	A	0.43%
FFBC	A	0.41%
PNM	C	0.41%
PTVE	A	0.36%
IIPR	A	0.36%
MGEE	A	0.36%
BLMN	F	0.35%
UVV	B	0.34%
RUSHA	F	0.34%
SXT	A	0.33%
STRA	A	0.32%
HI	F	0.31%
SEM	B	0.31%
TGNA	C	0.31%
CUZ	A	0.31%
RRR	D	0.3%
AWR	C	0.3%
VIRT	A	0.3%
ENR	B	0.3%
GFF	C	0.29%
AUB	C	0.29%
AESI	B	0.28%
CRS	A	0.27%
KMPR	B	0.27%
DK	F	0.27%
SPB	B	0.27%
WHD	B	0.26%
NWN	A	0.26%
CBU	C	0.26%
HNI	B	0.26%
BRC	B	0.26%
BCO	A	0.26%
GEF	D	0.26%
IOSP	C	0.25%
WSBC	C	0.25%
WDFC	D	0.25%
ABM	A	0.25%
MCY	A	0.25%
JJSF	F	0.25%
NHC	B	0.24%
CACC	F	0.24%
WINA	B	0.22%
MWA	A	0.22%
MGRC	D	0.22%
PZZA	F	0.22%
SJW	D	0.22%
EBC	B	0.22%
MLKN	C	0.22%
CPK	A	0.22%
CWT	A	0.22%
CSGS	F	0.21%
SKT	C	0.21%
CTRE	A	0.21%
NPO	C	0.2%
DLX	A	0.2%
UTL	A	0.19%
SITC	C	0.19%
MAC	D	0.19%
STEP	A	0.19%
SAH	A	0.18%
WWW	B	0.17%
ACA	C	0.17%
IRT	A	0.17%
CSWI	A	0.17%
SSTK	F	0.17%
AEIS	D	0.17%
PBI	A	0.17%
MNRO	F	0.17%
PRIM	A	0.16%
CRAI	A	0.16%
LXP	D	0.16%
BDC	B	0.16%
AIN	F	0.16%
USPH	C	0.16%
DIN	F	0.16%
STC	A	0.16%
SXI	B	0.16%
SBCF	B	0.16%
UTZ	A	0.16%
KWR	C	0.16%
IBTX	F	0.16%
PK	D	0.16%
EPC	A	0.16%
PIPR	A	0.16%
HL	B	0.15%
KAI	D	0.15%
GVA	A	0.15%
PCH	F	0.15%
BGC	A	0.15%
JOE	A	0.15%
NPK	A	0.15%
AZZ	B	0.15%
DBRG	F	0.14%
RNST	B	0.14%
JBT	F	0.14%
ALX	B	0.14%
PRGS	F	0.14%
ATRI	B	0.14%
CWH	F	0.13%
JACK	F	0.13%
MLR	A	0.13%
NSSC	B	0.13%
SAVE	F	0.13%
DNUT	F	0.13%
YOU	D	0.13%
HCKT	F	0.12%
ALG	D	0.12%
ATEN	A	0.12%
CDRE	C	0.12%
MATW	D	0.12%
LMAT	B	0.12%
ICFI	C	0.12%
PLOW	D	0.12%
MTX	A	0.12%
MTRN	F	0.12%
HAYN	B	0.12%
ESE	A	0.12%
GRC	F	0.12%
VSTS	F	0.12%
CFFN	D	0.11%
EVTC	F	0.11%
HSII	D	0.11%
NVEC	D	0.11%
TR	F	0.11%
GTN	B	0.11%
CMCO	B	0.11%
LTC	A	0.11%
UNF	F	0.11%
TAST	A	0.1%
EPAC	A	0.1%
SHO	D	0.1%
YORW	B	0.1%
EMBC	F	0.1%
TPB	A	0.1%
KOP	D	0.1%
UWMC	B	0.1%
DEI	A	0.1%
SPOK	F	0.1%
FCPT	B	0.1%
VSEC	A	0.1%
GTY	B	0.1%
SLP	A	0.09%
UE	A	0.09%
OFLX	F	0.09%
CTS	A	0.09%
SVC	F	0.09%
MSEX	D	0.09%
PJT	B	0.09%
NRC	D	0.09%
CNMD	F	0.09%
AMSWA	F	0.09%
RGP	D	0.08%
JBGS	F	0.08%
CSV	C	0.08%
TRS	A	0.08%
LMNR	A	0.08%
RLJ	D	0.08%
MLAB	B	0.08%
PEB	F	0.08%
GWRS	B	0.08%
DRH	D	0.08%
SHYF	D	0.08%
PKE	F	0.08%
MGPI	D	0.08%
AKR	B	0.08%
NTST	D	0.07%
UMH	A	0.07%
WTI	F	0.07%
DEA	B	0.07%
HSTM	B	0.07%
XHR	D	0.07%
NMRK	C	0.07%
ESRT	C	0.07%
ROIC	D	0.07%
RUSHB	F	0.07%
GCMG	A	0.07%
IVT	A	0.07%
EXPI	D	0.07%
TRAK	B	0.07%
ARTNA	D	0.07%
AAT	A	0.07%
NATH	D	0.07%
EE	B	0.07%
ALEX	B	0.07%
ALCO	A	0.06%
RGCO	A	0.06%
UTMD	F	0.06%
TWIN	D	0.06%
GNE	F	0.06%
MSB	F	0.06%
CLB	D	0.06%
TSQ	A	0.05%
CTO	A	0.05%
BHRB	F	0.05%
PGRE	A	0.05%
AMRK	A	0.05%
BFS	B	0.05%
CSR	A	0.05%
ARKO	F	0.05%
BRT	A	0.04%
RELL	B	0.04%
PLYM	F	0.04%
CMP	F	0.04%
CBL	F	0.04%
HURC	F	0.04%
BSIG	B	0.04%
CHCT	F	0.04%
WSR	B	0.04%
HQI	F	0.04%
SGA	A	0.04%
LAND	C	0.03%
FPI	A	0.03%
CZNC	D	0.03%
UFCS	A	0.03%
VOC	F	0.03%
OLP	A	0.03%
PSTL	C	0.03%
CLDT	F	0.03%
TIPT	D	0.03%
BGSF	F	0.03%
GMRE	D	0.03%
AHH	B	0.03%
ARC	B	0.03%
NECB	A	0.02%
PKST	F	0.02%
DHC	D	0.02%
III	F	0.02%
MBCN	D	0.01%
SSBK	B	0.01%
PINE	C	0.01%
FNWB	F	0.0%

DES Underweight 425 Positions Relative to AVUV

Symbol	Grade	Weight
AL	A	-1.0%
SM	B	-0.96%
BCC	D	-0.95%
JXN	A	-0.92%
MLI	A	-0.87%
R	A	-0.87%
KBH	C	-0.86%
ANF	B	-0.82%
AMR	D	-0.81%
GATX	D	-0.8%
AEO	B	-0.77%
MDU	A	-0.72%
CBT	A	-0.72%
CNX	B	-0.69%
TMHC	D	-0.68%
MHO	C	-0.66%
GT	D	-0.65%
RDN	B	-0.64%
SIG	B	-0.63%
STNG	A	-0.62%
MGY	B	-0.61%
SKYW	A	-0.6%
TPH	A	-0.59%
MTH	A	-0.59%
DXC	F	-0.59%
M	C	-0.58%
MTG	B	-0.52%
OZK	A	-0.52%
THO	F	-0.51%
ALK	B	-0.49%
SFM	A	-0.47%
ONB	A	-0.47%
ATKR	B	-0.46%
INSW	A	-0.45%
BHF	B	-0.45%
DIOD	B	-0.45%
URBN	C	-0.45%
SANM	B	-0.44%
DOOR	A	-0.44%
KOS	F	-0.42%
AXS	B	-0.42%
CEIX	F	-0.41%
GPS	C	-0.41%
HOG	D	-0.41%
FNB	A	-0.41%
HUBG	B	-0.39%
AX	A	-0.39%
ESNT	C	-0.38%
PBF	B	-0.38%
ESGR	B	-0.38%
AGO	D	-0.38%
GPOR	B	-0.37%
AEL	A	-0.35%
SNV	C	-0.35%
ETRN	A	-0.35%
OII	B	-0.35%
PARR	F	-0.34%
PLAB	B	-0.34%
NMIH	A	-0.34%
PTEN	F	-0.34%
GNW	B	-0.33%
CVCO	C	-0.33%
VSTO	A	-0.33%
JBLU	D	-0.33%
LPG	A	-0.32%
ODP	D	-0.31%
FYBR	B	-0.31%
WTM	A	-0.31%
TNK	A	-0.3%
TROX	A	-0.3%
CADE	A	-0.3%
VLY	F	-0.29%
BPOP	A	-0.29%
JELD	B	-0.29%
CC	D	-0.29%
CMC	B	-0.28%
TALO	D	-0.27%
GRBK	C	-0.27%
HLX	B	-0.26%
MYRG	D	-0.26%
SNEX	A	-0.26%
GMS	B	-0.26%
LPX	C	-0.26%
PFSI	B	-0.25%
WTFC	A	-0.25%
SFL	A	-0.25%
CHRD	B	-0.24%
COLB	B	-0.24%
CUBI	D	-0.24%
MOD	A	-0.23%
GIII	C	-0.23%
MUR	B	-0.23%
OPEN	F	-0.23%
STRL	D	-0.23%
TBBK	F	-0.22%
SATS	B	-0.22%
RIG	F	-0.22%
OMF	A	-0.22%
OEC	A	-0.22%
BXC	D	-0.22%
WFRD	A	-0.22%
MTDR	D	-0.21%
TCBI	A	-0.21%
NSIT	D	-0.21%
AM	A	-0.2%
PAGP	B	-0.2%
SKY	C	-0.2%
AMPH	D	-0.2%
COLM	A	-0.2%
COKE	B	-0.2%
NTB	A	-0.19%
CIVI	D	-0.19%
CENTA	C	-0.19%
PLUS	D	-0.19%
DHT	A	-0.19%
AMKR	B	-0.18%
EVR	D	-0.18%
KD	D	-0.18%
KRP	A	-0.17%
GNK	A	-0.17%
CRK	B	-0.17%
PRG	B	-0.17%
SPNT	D	-0.17%
ATSG	D	-0.17%
SLCA	A	-0.16%
PLYA	C	-0.16%
CENX	B	-0.15%
PUMP	B	-0.15%
AXL	B	-0.15%
CLW	A	-0.14%
ENLC	B	-0.14%
HOV	A	-0.14%
APA	F	-0.14%
DFH	D	-0.12%
MBUU	F	-0.12%
RRC	B	-0.12%
BZH	F	-0.12%
BKD	A	-0.12%
SBOW	F	-0.12%
CARS	D	-0.12%
ASC	A	-0.12%
BJRI	C	-0.12%
TTMI	A	-0.11%
WAL	B	-0.11%
DDS	B	-0.11%
ASO	D	-0.11%
CHX	B	-0.11%
FDP	A	-0.11%
HRMY	B	-0.11%
ACT	A	-0.11%
SCSC	B	-0.11%
TWI	F	-0.11%
NR	B	-0.1%
CCRN	F	-0.1%
USM	B	-0.1%
FOR	C	-0.1%
NBR	F	-0.1%
UFPI	C	-0.09%
SEB	B	-0.09%
CDE	A	-0.09%
LC	A	-0.09%
SBLK	A	-0.09%
GDEN	F	-0.09%
ZION	A	-0.09%
SNDR	F	-0.09%
SGH	D	-0.08%
UNFI	F	-0.08%
AMBC	C	-0.08%
NAT	C	-0.08%
LXU	B	-0.08%
PLMR	B	-0.08%
DNOW	D	-0.08%
FL	F	-0.08%
UTI	A	-0.08%
OSG	B	-0.07%
ALKS	F	-0.07%
BBW	A	-0.07%
SB	A	-0.07%
SF	A	-0.07%
UVSP	A	-0.07%
LMB	B	-0.07%
ARHS	D	-0.07%
TK	A	-0.07%
SNCY	F	-0.07%
AMCX	F	-0.06%
MCFT	F	-0.06%
ASH	A	-0.06%
PLXS	A	-0.06%
THRM	D	-0.06%
BFST	D	-0.06%
UCTT	C	-0.06%
CFB	C	-0.06%
OSUR	D	-0.06%
CVEO	D	-0.05%
DTM	B	-0.05%
MED	F	-0.05%
USNA	D	-0.05%
PUBM	A	-0.05%
MRC	D	-0.05%
HDSN	F	-0.05%
TPC	A	-0.05%
TBI	F	-0.05%
MERC	A	-0.05%
REX	B	-0.05%
MATV	A	-0.05%
DAKT	B	-0.05%
MCB	B	-0.05%
HTZ	F	-0.05%
VTOL	C	-0.05%
VYGR	D	-0.05%
SONO	D	-0.04%
LOVE	C	-0.04%
AOSL	D	-0.04%
CMRE	A	-0.04%
EZPW	B	-0.04%
PANL	B	-0.04%
TRDA	C	-0.04%
CCB	B	-0.04%
VPG	C	-0.04%
ESQ	B	-0.04%
IESC	A	-0.04%
RYAM	D	-0.04%
HTBI	A	-0.04%
PNFP	C	-0.04%
CENT	C	-0.04%
FFWM	F	-0.03%
AA	B	-0.03%
HEAR	B	-0.03%
PRA	B	-0.03%
BWB	B	-0.03%
GLRE	A	-0.03%
PAX	F	-0.03%
JAKK	F	-0.03%
NWPX	C	-0.03%
GCO	F	-0.03%
IPI	C	-0.03%
HRTG	C	-0.03%
SIGA	A	-0.03%
ARCT	F	-0.03%
TMP	D	-0.03%
RBB	A	-0.03%
ZIMV	C	-0.03%
DXLG	D	-0.03%
FSTR	D	-0.03%
CARE	C	-0.03%
APEI	A	-0.03%
LEGH	D	-0.03%
DOLE	A	-0.03%
FLWS	D	-0.03%
XPRO	B	-0.03%
VSAT	F	-0.03%
CVGI	F	-0.03%
NATR	B	-0.03%
MVBF	F	-0.02%
RLGT	D	-0.02%
USAP	A	-0.02%
CCBG	C	-0.02%
FG	A	-0.02%
VIRC	A	-0.02%
CHUY	F	-0.02%
SFST	F	-0.02%
KE	C	-0.02%
RMAX	F	-0.02%
VRA	C	-0.02%
JHG	B	-0.02%
CMA	A	-0.02%
PBYI	D	-0.02%
KODK	D	-0.02%
MTW	F	-0.02%
LSEA	F	-0.02%
HNRG	F	-0.02%
ANIP	B	-0.02%
ENOV	F	-0.02%
AAOI	F	-0.02%
MOFG	D	-0.02%
TH	B	-0.02%
GHM	B	-0.02%
HMST	D	-0.02%
ACNB	F	-0.02%
MPB	B	-0.02%
CMT	D	-0.02%
REI	B	-0.02%
VC	C	-0.02%
NTGR	F	-0.02%
OIS	F	-0.02%
WRLD	A	-0.02%
NGS	B	-0.02%
BFIN	D	-0.01%
TTI	F	-0.01%
ZUMZ	B	-0.01%
FRAF	B	-0.01%
UBFO	F	-0.01%
BIG	F	-0.01%
BGFV	F	-0.01%
LPRO	F	-0.01%
EBS	C	-0.01%
OPBK	C	-0.01%
TCBX	A	-0.01%
FNKO	D	-0.01%
CPRX	C	-0.01%
ATLC	D	-0.01%
PFIS	D	-0.01%
ECPG	D	-0.01%
VNDA	B	-0.01%
FUNC	A	-0.01%
TTSH	C	-0.01%
TSBK	C	-0.01%
FLXS	B	-0.01%
SWIM	F	-0.01%
BWFG	F	-0.01%
IMAX	D	-0.01%
STKS	C	-0.01%
KLXE	F	-0.01%
IBEX	D	-0.01%
MPAA	F	-0.01%
MEC	A	-0.01%
ACIC	D	-0.01%
IMXI	D	-0.01%
BCML	F	-0.01%
CRD.B	B	-0.01%
QUAD	D	-0.01%
SSB	D	-0.01%
PKBK	C	-0.01%
LINC	A	-0.01%
NOTV	F	-0.01%
PTSI	D	-0.01%
EBTC	D	-0.01%
PTGX	D	-0.01%
TYRA	B	-0.01%
UEIC	A	-0.01%
HBCP	A	-0.01%
HIFS	B	-0.01%
MFIN	B	-0.01%
METCB	F	-0.01%
ORN	C	-0.01%
CVLY	A	-0.01%
LE	A	-0.01%
ACDC	F	-0.01%
SRI	F	-0.01%
PCB	F	-0.01%
TG	B	-0.01%
GEOS	C	-0.01%
BCBP	D	-0.01%
PII	F	-0.01%
NNBR	D	-0.01%
CRCT	C	-0.01%
WSBF	B	-0.01%
CTRN	F	-0.01%
GLDD	F	-0.01%
SKWD	C	-0.01%
FLL	C	-0.01%
AIR	A	-0.0%
GAIA	B	-0.0%
GLT	F	-0.0%
MRBK	D	-0.0%
CPHC	B	-0.0%
NKSH	F	-0.0%
SPWH	F	-0.0%
BH	B	-0.0%
PWOD	C	-0.0%
LWAY	A	-0.0%
BWEN	F	-0.0%
ALTO	F	-0.0%
WNEB	D	-0.0%
MNSB	D	-0.0%
FWRD	F	-0.0%
FRD	A	-0.0%
VABK	C	-0.0%
KVHI	D	-0.0%
EVBN	F	-0.0%
INTT	F	-0.0%
FGBI	B	-0.0%
FPH	C	-0.0%
SRTS	B	-0.0%
CFFI	D	-0.0%
MYFW	B	-0.0%
OCUP	F	-0.0%
AE	B	-0.0%
EQ	D	-0.0%
IRWD	F	-0.0%
MYPS	F	-0.0%
CULP	D	-0.0%
CNTY	C	-0.0%
GCBC	A	-0.0%
CONN	D	-0.0%
JRVR	D	-0.0%
ATLO	A	-0.0%
NYCB	F	-0.0%
PRAA	C	-0.0%
PNRG	A	-0.0%
AOUT	F	-0.0%
CZFS	F	-0.0%
SCX	A	-0.0%
COFS	B	-0.0%
LL	F	-0.0%
NWFL	D	-0.0%
ORGO	F	-0.0%
CHMG	B	-0.0%
TBNK	D	-0.0%
TAYD	B	-0.0%
UFI	B	-0.0%
PRTS	F	-0.0%
DLTH	F	-0.0%
CBAN	B	-0.0%
CCRD	B	-0.0%
CRD.B	B	-0.0%
WOW	D	-0.0%
OLPX	F	-0.0%
LFVN	F	-0.0%
AMPY	B	-0.0%
FVCB	C	-0.0%
ESOA	D	-0.0%
CMLS	F	-0.0%
OPRX	D	-0.0%
VTSI	A	-0.0%
GDOT	B	-0.0%
CBFV	A	-0.0%
EGRX	F	-0.0%
FNLC	D	-0.0%
OVLY	B	-0.0%
EPSN	A	-0.0%
HWBK	D	-0.0%
FONR	D	-0.0%
CPSS	B	-0.0%
RVSB	F	-0.0%

DES: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials REIT - Diversified Oil & Gas E&P REIT - Retail Savings & Cooperative Banks Asset Management Electronic Components Specialty Chemicals REIT - Hotel & Motel Restaurants Home Furnishings & Fixtures Insurance - Property & Casualty Oil & Gas Equipment & Services Packaged Foods Business Services REIT - Healthcare Facilities Staffing & Outsourcing Services Telecom Services Utilities - Regulated Water