DFAT vs. IVOV ETF Comparison

Comparison of Dimensional U.S. Targeted Value ETF (DFAT) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

DFAT

Dimensional U.S. Targeted Value ETF

DFAT Description

The investment seeks to achieve long-term capital appreciation while minimizing federal income taxes on returns. As a non-fundamental policy, under normal circumstances, the fund will invest at least 80% of its net assets in securities of U.S. companies. The fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Grade (RS Rating)

Last Trade

$61.04

Average Daily Volume

235,884

Number of Holdings ^*

1396

* may have additional holdings in another (foreign) market

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. 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.

Grade (RS Rating)

Last Trade

$104.98

Average Daily Volume

15,558

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	DFAT	IVOV
30 Days	11.43%	9.62%
60 Days	10.80%	9.92%
90 Days	10.83%	11.93%
12 Months	31.92%	33.16%

147 Overlapping Holdings

Symbol	Grade	Weight in DFAT	Weight in IVOV	Overlap
AA	A	0.33%	0.73%	0.33%
AGCO	D	0.34%	0.44%	0.34%
ALGM	D	0.0%	0.15%	0.0%
ALLY	C	0.52%	0.68%	0.52%
ALV	C	0.03%	0.19%	0.03%
AMED	F	0.06%	0.13%	0.06%
AMG	B	0.02%	0.41%	0.02%
AMKR	F	0.16%	0.2%	0.16%
AN	B	0.27%	0.29%	0.27%
AR	B	0.49%	0.53%	0.49%
ARMK	A	0.11%	0.7%	0.11%
ARW	D	0.42%	0.44%	0.42%
ASB	B	0.28%	0.25%	0.25%
ASGN	D	0.09%	0.29%	0.09%
ASH	F	0.21%	0.29%	0.21%
AVNT	B	0.14%	0.3%	0.14%
AVT	C	0.34%	0.34%	0.34%
AZTA	D	0.13%	0.05%	0.05%
BC	C	0.18%	0.15%	0.15%
BDC	B	0.07%	0.33%	0.07%
BERY	B	0.23%	0.57%	0.23%
BHF	B	0.15%	0.2%	0.15%
BIO	D	0.27%	0.48%	0.27%
BRBR	B	0.15%	0.28%	0.15%
CACI	D	0.17%	0.55%	0.17%
CADE	B	0.35%	0.43%	0.35%
CLF	F	0.26%	0.43%	0.26%
CMC	B	0.45%	0.44%	0.44%
CNH	A	0.2%	0.69%	0.2%
CNO	A	0.26%	0.26%	0.26%
CNXC	F	0.06%	0.14%	0.06%
COHR	C	0.37%	1.0%	0.37%
COLB	B	0.09%	0.42%	0.09%
COLM	A	0.0%	0.1%	0.0%
CPRI	F	0.04%	0.09%	0.04%
CRI	F	0.06%	0.14%	0.06%
CXT	B	0.02%	0.19%	0.02%
DAR	C	0.2%	0.44%	0.2%
DINO	F	0.38%	0.44%	0.38%
DTM	B	0.34%	0.23%	0.23%
ENOV	C	0.13%	0.16%	0.13%
ENS	D	0.11%	0.16%	0.11%
ESNT	D	0.29%	0.45%	0.29%
EWBC	B	0.03%	0.44%	0.03%
FAF	B	0.33%	0.46%	0.33%
FHN	B	0.52%	0.65%	0.52%
FLO	C	0.0%	0.31%	0.0%
FNB	B	0.33%	0.37%	0.33%
FYBR	D	0.32%	0.56%	0.32%
G	B	0.12%	0.44%	0.12%
GAP	C	0.3%	0.32%	0.3%
GATX	A	0.11%	0.22%	0.11%
GBCI	B	0.03%	0.42%	0.03%
GEF	B	0.02%	0.11%	0.02%
GEF	B	0.11%	0.11%	0.11%
GHC	B	0.23%	0.2%	0.2%
GMED	A	0.01%	0.59%	0.01%
GPK	C	0.1%	0.6%	0.1%
GT	C	0.13%	0.16%	0.13%
GXO	B	0.03%	0.19%	0.03%
HGV	B	0.04%	0.06%	0.04%
HOG	F	0.22%	0.27%	0.22%
HOMB	B	0.24%	0.36%	0.24%
HWC	B	0.26%	0.15%	0.15%
IBOC	B	0.32%	0.13%	0.13%
INGR	B	0.38%	0.39%	0.38%
IPGP	D	0.06%	0.09%	0.06%
JAZZ	B	0.13%	0.28%	0.13%
JEF	A	0.33%	0.73%	0.33%
JHG	A	0.36%	0.37%	0.36%
JLL	B	0.38%	0.91%	0.38%
KBH	C	0.12%	0.2%	0.12%
KEX	B	0.15%	0.27%	0.15%
KMPR	B	0.2%	0.27%	0.2%
KNF	B	0.0%	0.11%	0.0%
KNX	B	0.5%	0.59%	0.5%
LAD	B	0.54%	0.42%	0.42%
LEA	F	0.26%	0.38%	0.26%
LIVN	F	0.04%	0.12%	0.04%
M	D	0.2%	0.3%	0.2%
MAN	D	0.14%	0.21%	0.14%
MAT	D	0.08%	0.27%	0.08%
MMS	F	0.01%	0.1%	0.01%
MSM	C	0.04%	0.12%	0.04%
MTG	B	0.37%	0.28%	0.28%
MUR	F	0.28%	0.18%	0.18%
NEOG	C	0.07%	0.2%	0.07%
NJR	A	0.03%	0.32%	0.03%
NOV	C	0.3%	0.43%	0.3%
NVST	C	0.15%	0.25%	0.15%
NXST	C	0.28%	0.38%	0.28%
OLN	F	0.24%	0.2%	0.2%
ONB	B	0.34%	0.43%	0.34%
OPCH	F	0.01%	0.12%	0.01%
ORA	B	0.05%	0.3%	0.05%
ORI	A	0.35%	0.59%	0.35%
OSK	B	0.15%	0.47%	0.15%
OZK	B	0.34%	0.16%	0.16%
PAG	B	0.3%	0.2%	0.2%
PB	B	0.4%	0.49%	0.4%
PBF	D	0.22%	0.2%	0.2%
PFGC	A	0.14%	0.89%	0.14%
PII	F	0.03%	0.26%	0.03%
PNFP	B	0.46%	0.34%	0.34%
POST	B	0.38%	0.36%	0.36%
PPC	C	0.13%	0.14%	0.13%
PRGO	C	0.17%	0.25%	0.17%
PVH	C	0.34%	0.39%	0.34%
R	B	0.29%	0.45%	0.29%
RGA	A	0.01%	0.98%	0.01%
RNR	C	0.05%	0.43%	0.05%
RRX	A	0.29%	0.78%	0.29%
SAM	C	0.06%	0.1%	0.06%
SF	B	0.2%	0.75%	0.2%
SLGN	A	0.09%	0.3%	0.09%
SLM	B	0.0%	0.2%	0.0%
SNV	B	0.35%	0.51%	0.35%
SNX	C	0.53%	0.62%	0.53%
SON	D	0.15%	0.36%	0.15%
SSB	B	0.42%	0.52%	0.42%
ST	F	0.13%	0.37%	0.13%
SYNA	C	0.02%	0.11%	0.02%
TCBI	B	0.28%	0.25%	0.25%
TEX	D	0.16%	0.11%	0.11%
THO	B	0.31%	0.39%	0.31%
TKR	D	0.07%	0.23%	0.07%
TMHC	A	0.53%	0.5%	0.5%
UA	C	0.09%	0.07%	0.07%
UAA	C	0.1%	0.11%	0.1%
UBSI	B	0.3%	0.36%	0.3%
UMBF	B	0.12%	0.34%	0.12%
UNM	A	0.71%	0.77%	0.71%
USFD	A	0.12%	1.06%	0.12%
VAC	B	0.15%	0.18%	0.15%
VC	D	0.06%	0.1%	0.06%
VLY	B	0.2%	0.29%	0.2%
VOYA	B	0.18%	0.33%	0.18%
VSH	F	0.12%	0.14%	0.12%
WAL	B	0.2%	0.31%	0.2%
WBS	B	0.48%	0.63%	0.48%
WCC	B	0.53%	0.6%	0.53%
WHR	B	0.06%	0.4%	0.06%
WTFC	B	0.45%	0.54%	0.45%
X	C	0.43%	0.61%	0.43%
XRAY	F	0.08%	0.33%	0.08%
ZI	C	0.0%	0.15%	0.0%
ZION	B	0.43%	0.54%	0.43%

DFAT Overweight 1249 Positions Relative to IVOV

Symbol	Grade	Weight
JXN	B	0.51%
OVV	C	0.5%
MHK	D	0.47%
MLI	C	0.46%
TWLO	B	0.45%
CMA	A	0.44%
AXS	A	0.44%
SOFI	B	0.43%
CNX	B	0.41%
SKYW	B	0.4%
TAP	C	0.4%
MOS	F	0.39%
BWA	C	0.39%
IVZ	B	0.39%
GPI	B	0.37%
BPOP	B	0.37%
MTDR	C	0.37%
AGO	A	0.35%
ALK	A	0.35%
BCC	B	0.34%
BOKF	B	0.33%
AL	A	0.32%
SJM	D	0.32%
GTES	A	0.3%
SM	C	0.3%
SANM	B	0.3%
WTM	A	0.3%
ABCB	B	0.3%
AX	B	0.29%
TPH	C	0.28%
PLXS	B	0.28%
ITGR	A	0.28%
LRN	B	0.27%
ABG	B	0.27%
ACA	B	0.27%
RUSHA	B	0.26%
CEIX	A	0.26%
SIG	B	0.26%
CHRD	F	0.26%
PRIM	A	0.26%
PR	C	0.25%
ABM	B	0.25%
ATGE	B	0.25%
CALM	B	0.24%
FLEX	B	0.24%
FBP	B	0.24%
OMF	A	0.24%
FULT	B	0.24%
AEO	F	0.23%
GNW	A	0.23%
ESGR	B	0.23%
AUB	B	0.23%
DNB	B	0.23%
HUBG	A	0.22%
GVA	B	0.22%
VTRS	B	0.22%
IPG	C	0.22%
PFSI	C	0.22%
HHH	B	0.22%
TDS	B	0.22%
CRS	B	0.22%
CATY	B	0.22%
WSFS	B	0.22%
KFY	B	0.22%
MCY	B	0.21%
UHAL	D	0.21%
CRC	C	0.21%
BTU	C	0.21%
GMS	B	0.21%
CRK	B	0.21%
CVCO	B	0.21%
TRN	B	0.21%
AMR	C	0.2%
ESE	B	0.2%
AROC	B	0.2%
NPO	A	0.2%
ELAN	F	0.2%
URBN	C	0.2%
PBH	B	0.2%
STNG	F	0.19%
LBRDK	C	0.19%
LBRT	F	0.19%
HUN	F	0.19%
DXC	B	0.19%
REZI	B	0.19%
HL	F	0.19%
UCB	B	0.19%
MTX	B	0.18%
TGNA	B	0.18%
HP	C	0.18%
IOSP	B	0.18%
ARCH	B	0.18%
UNF	B	0.18%
GL	C	0.18%
PATK	C	0.18%
RIG	D	0.18%
RDN	C	0.18%
NNI	D	0.18%
CCS	D	0.18%
ENVA	B	0.18%
MATX	C	0.18%
UFPI	B	0.17%
ASO	F	0.17%
TTMI	B	0.17%
BFH	B	0.17%
COOP	B	0.17%
FFBC	B	0.17%
NMIH	C	0.17%
FHB	B	0.17%
WAFD	B	0.17%
SNEX	A	0.16%
CWK	B	0.16%
VCYT	A	0.16%
AIR	B	0.16%
TRMK	B	0.16%
BEN	C	0.16%
FIBK	B	0.16%
INSW	F	0.15%
NWL	A	0.15%
RNST	B	0.15%
FRME	B	0.15%
APA	F	0.15%
CVBF	B	0.15%
SNDR	B	0.15%
SPB	C	0.15%
EMN	D	0.15%
SFNC	B	0.15%
ALIT	C	0.15%
GBX	A	0.15%
BANR	B	0.15%
ACIW	B	0.15%
HTLF	B	0.15%
ALG	C	0.15%
BKU	B	0.15%
ARCB	C	0.14%
CASH	B	0.14%
LCII	C	0.14%
KAR	B	0.14%
WSBC	B	0.14%
PRDO	B	0.14%
INDB	B	0.14%
STC	A	0.14%
TOWN	B	0.14%
NBTB	B	0.14%
DORM	B	0.14%
USM	B	0.14%
SMPL	B	0.14%
B	A	0.14%
PFS	B	0.14%
NWBI	B	0.14%
MTH	C	0.14%
NOG	A	0.14%
VSTO	A	0.14%
MTRN	C	0.13%
NAVI	C	0.13%
WD	C	0.13%
DIOD	D	0.13%
CNXN	C	0.13%
MHO	C	0.13%
PPBI	B	0.13%
EFSC	B	0.13%
EPC	D	0.13%
CDE	D	0.13%
WMK	B	0.13%
WERN	B	0.13%
IBTX	B	0.13%
ESI	B	0.13%
OFG	B	0.13%
LGIH	C	0.13%
FCF	B	0.13%
PSMT	C	0.13%
KMT	B	0.13%
FDP	C	0.12%
JBLU	F	0.12%
FUL	D	0.12%
MGNI	B	0.12%
THS	F	0.12%
WGO	C	0.12%
PLUS	F	0.12%
LAUR	B	0.12%
DNOW	B	0.12%
SEB	F	0.12%
ZD	C	0.12%
WKC	D	0.12%
MGY	B	0.12%
HLX	C	0.12%
HMN	B	0.12%
BG	F	0.12%
STRA	C	0.12%
FBK	B	0.12%
DHT	F	0.12%
CBU	B	0.12%
SEM	B	0.12%
LZB	B	0.12%
KN	B	0.12%
PHIN	B	0.12%
RRC	B	0.11%
BRC	C	0.11%
MRCY	B	0.11%
AMWD	B	0.11%
CENTA	C	0.11%
PINC	B	0.11%
OSIS	A	0.11%
SFL	F	0.11%
ANDE	D	0.11%
ROCK	C	0.11%
EBC	B	0.11%
BHE	B	0.11%
SBCF	B	0.1%
SRCE	B	0.1%
WTTR	B	0.1%
AGIO	B	0.1%
AAP	C	0.1%
APOG	B	0.1%
OI	C	0.1%
QCRH	B	0.1%
FBNC	B	0.1%
NHC	B	0.1%
KTOS	B	0.1%
UCTT	D	0.1%
CPA	D	0.1%
AGM	B	0.1%
NMRK	B	0.1%
UVV	B	0.1%
CERT	D	0.1%
CUBI	C	0.1%
TROX	F	0.1%
SUPN	C	0.1%
LGND	B	0.1%
FL	D	0.1%
WOR	D	0.1%
SPNT	B	0.1%
ADTN	B	0.09%
HOPE	B	0.09%
COTY	F	0.09%
BANC	B	0.09%
HCC	B	0.09%
INVA	D	0.09%
MLKN	D	0.09%
PLAB	C	0.09%
LKQ	D	0.09%
HRI	B	0.09%
NTCT	B	0.09%
LC	B	0.09%
MRTN	C	0.09%
ICFI	F	0.09%
KSS	F	0.09%
GIII	C	0.09%
SWI	B	0.09%
CMRE	D	0.09%
TFIN	A	0.09%
HAYW	B	0.09%
IP	B	0.09%
CLVT	F	0.09%
EIG	B	0.09%
SAH	B	0.09%
NBHC	B	0.09%
VRTS	B	0.09%
GTLS	B	0.09%
WS	B	0.09%
TCBK	B	0.08%
ICUI	D	0.08%
MODG	F	0.08%
MIR	B	0.08%
ADNT	F	0.08%
SASR	B	0.08%
RUN	F	0.08%
CTS	B	0.08%
BHLB	B	0.08%
ROG	D	0.08%
SCL	C	0.08%
UPBD	B	0.08%
LTH	C	0.08%
ACHC	F	0.08%
TALO	C	0.08%
SCSC	B	0.08%
MDU	F	0.08%
PDCO	D	0.08%
BUSE	B	0.08%
GPOR	B	0.08%
STBA	B	0.08%
XRX	F	0.07%
PLYA	B	0.07%
CTBI	B	0.07%
UNFI	A	0.07%
NVEE	F	0.07%
MGRC	B	0.07%
IMKTA	C	0.07%
SCS	B	0.07%
NIC	B	0.07%
HTH	B	0.07%
VSEC	C	0.07%
CAL	D	0.07%
FOR	F	0.07%
CABO	C	0.07%
RAMP	C	0.07%
ATSG	B	0.07%
LPG	F	0.07%
LILAK	F	0.07%
MMI	B	0.07%
DDS	B	0.07%
CIVI	D	0.07%
SAFT	B	0.07%
ECPG	B	0.07%
HI	C	0.07%
DK	C	0.07%
GO	C	0.07%
IART	C	0.07%
MSGE	D	0.07%
SXC	B	0.07%
BXC	B	0.07%
VBTX	A	0.07%
KLIC	B	0.07%
KWR	D	0.07%
DCOM	B	0.06%
KALU	C	0.06%
OXM	D	0.06%
PRK	B	0.06%
NTB	B	0.06%
OCFC	B	0.06%
CMCO	C	0.06%
AZZ	B	0.06%
VECO	F	0.06%
OC	B	0.06%
DGII	B	0.06%
DXPE	A	0.06%
PFBC	B	0.06%
CRGY	B	0.06%
AOSL	C	0.06%
SXT	B	0.06%
MRC	B	0.06%
PEBO	B	0.06%
SCVL	F	0.06%
AIN	C	0.06%
ESAB	B	0.06%
RIOT	C	0.06%
XPRO	F	0.06%
RES	D	0.06%
WLFC	B	0.06%
COHU	C	0.06%
CVI	F	0.06%
ADUS	D	0.06%
DAN	F	0.06%
TPC	C	0.06%
SONO	C	0.05%
GABC	B	0.05%
HURN	B	0.05%
ACT	C	0.05%
MD	C	0.05%
BRKL	B	0.05%
GSBC	B	0.05%
GNK	D	0.05%
TRST	B	0.05%
AXL	C	0.05%
ETD	C	0.05%
ODP	F	0.05%
UVSP	B	0.05%
BECN	B	0.05%
FSLY	D	0.05%
AHCO	D	0.05%
OMI	F	0.05%
ECVT	C	0.05%
PRLB	B	0.05%
CARS	B	0.05%
NX	C	0.05%
DVAX	C	0.05%
TMP	B	0.05%
FBMS	B	0.05%
GRBK	D	0.05%
HSTM	B	0.05%
LOB	B	0.05%
CNOB	B	0.05%
PFC	B	0.05%
ASTE	C	0.05%
JNPR	F	0.05%
HTLD	C	0.05%
TDW	F	0.05%
BJRI	B	0.05%
SCHL	D	0.05%
FA	C	0.05%
BY	B	0.05%
SXI	A	0.05%
KOS	F	0.05%
REX	F	0.05%
GES	F	0.05%
PUMP	C	0.05%
AMAL	B	0.05%
ICHR	C	0.05%
SGRY	F	0.05%
ALGT	B	0.05%
BV	B	0.05%
VAL	F	0.05%
JBT	B	0.05%
BELFB	C	0.05%
TRS	B	0.05%
TILE	A	0.05%
RUSHB	B	0.05%
THR	B	0.05%
HSII	B	0.05%
MBIN	F	0.05%
VTOL	B	0.05%
DCO	B	0.05%
HNI	B	0.05%
NAT	F	0.04%
HOV	C	0.04%
CSTL	D	0.04%
RBCAA	B	0.04%
HZO	C	0.04%
OLO	B	0.04%
CNDT	D	0.04%
KRO	D	0.04%
ATLC	B	0.04%
TIPT	B	0.04%
UVE	B	0.04%
KOP	C	0.04%
MSBI	B	0.04%
AMRK	F	0.04%
SBSI	B	0.04%
PRAA	C	0.04%
BZH	B	0.04%
CCBG	B	0.04%
JELD	F	0.04%
AGX	B	0.04%
DLX	B	0.04%
MNRO	C	0.04%
HAFC	B	0.04%
NEO	C	0.04%
SW	B	0.04%
MBWM	B	0.04%
HBNC	B	0.04%
PRA	B	0.04%
RYI	C	0.04%
IBCP	B	0.04%
AVNS	F	0.04%
MATW	C	0.04%
FCBC	B	0.04%
ASIX	A	0.04%
OEC	C	0.04%
PCRX	C	0.04%
SPTN	F	0.04%
OSBC	B	0.04%
DAKT	B	0.04%
TDOC	C	0.04%
BMBL	C	0.04%
DV	C	0.04%
MBUU	C	0.04%
NAPA	B	0.04%
NR	B	0.04%
HAYN	C	0.04%
EGBN	B	0.04%
MLR	B	0.04%
SLVM	B	0.04%
KW	C	0.04%
CFFN	B	0.04%
NTGR	B	0.04%
MTUS	C	0.04%
CAG	D	0.04%
CZR	D	0.04%
HELE	C	0.04%
VIAV	B	0.04%
SWBI	C	0.04%
EYE	C	0.04%
VTLE	C	0.04%
YELP	C	0.04%
GRC	B	0.04%
WNC	C	0.04%
TRIP	F	0.04%
HFWA	B	0.04%
GLDD	B	0.04%
HLIO	B	0.04%
CPF	B	0.04%
SMP	C	0.04%
EQBK	B	0.04%
EZPW	B	0.04%
VRNT	C	0.04%
SMBC	B	0.03%
BHB	B	0.03%
OSW	B	0.03%
GLRE	B	0.03%
LEG	D	0.03%
KE	C	0.03%
CENT	C	0.03%
ACCO	B	0.03%
MCB	B	0.03%
LOCO	D	0.03%
FLGT	F	0.03%
UTI	A	0.03%
DOLE	D	0.03%
HNRG	B	0.03%
BAND	C	0.03%
ANET	C	0.03%
RBBN	C	0.03%
LOVE	B	0.03%
FWRG	C	0.03%
AMTB	B	0.03%
CHCO	B	0.03%
CSV	A	0.03%
EBF	F	0.03%
IIIN	C	0.03%
NPK	B	0.03%
VMEO	B	0.03%
SBH	B	0.03%
HCSG	B	0.03%
NVRI	F	0.03%
CHEF	B	0.03%
LBRDA	C	0.03%
CLNE	D	0.03%
CECO	B	0.03%
ATKR	C	0.03%
VFC	C	0.03%
BKD	F	0.03%
NFBK	B	0.03%
AIZ	B	0.03%
THFF	B	0.03%
HONE	B	0.03%
NGVT	B	0.03%
NGVC	A	0.03%
NBN	B	0.03%
IAS	C	0.03%
MCS	B	0.03%
RDUS	C	0.03%
DNUT	F	0.03%
EVH	F	0.03%
FMBH	B	0.03%
ASC	F	0.03%
CFB	B	0.03%
OMCL	C	0.03%
PGC	B	0.03%
MYRG	C	0.03%
SNCY	C	0.03%
OBK	B	0.03%
THRM	D	0.03%
MATV	F	0.03%
HTBK	B	0.03%
CAC	B	0.03%
RYAM	C	0.03%
AMBC	C	0.03%
VREX	C	0.03%
PLPC	B	0.03%
APTV	F	0.03%
REVG	B	0.03%
UFCS	B	0.03%
RPAY	C	0.03%
NWPX	B	0.03%
ETWO	F	0.03%
LE	D	0.02%
FMNB	B	0.02%
HTBI	B	0.02%
VPG	F	0.02%
CRMT	C	0.02%
INBK	B	0.02%
AMCX	D	0.02%
JOUT	D	0.02%
FNLC	B	0.02%
WSBF	B	0.02%
ATNI	F	0.02%
GPRE	F	0.02%
BH	B	0.02%
WLDN	D	0.02%
MOV	C	0.02%
TRUE	B	0.02%
SFST	B	0.02%
TITN	C	0.02%
RGP	F	0.02%
OSUR	F	0.02%
VIR	F	0.02%
FLWS	D	0.02%
HOFT	C	0.02%
ORN	C	0.02%
RGNX	F	0.02%
BHRB	B	0.02%
BMRC	B	0.02%
RICK	C	0.02%
CNMD	C	0.02%
CIVB	B	0.02%
SPFI	B	0.02%
BFST	B	0.02%
APEI	B	0.02%
FNKO	D	0.02%
CLBK	B	0.02%
HTZ	C	0.02%
WEYS	B	0.02%
BOH	B	0.02%
AMPS	C	0.02%
MCFT	B	0.02%
BBW	B	0.02%
TFSL	B	0.02%
RBB	B	0.02%
TBI	F	0.02%
MTRX	B	0.02%
PYCR	C	0.02%
GCI	C	0.02%
IPI	B	0.02%
RLGT	B	0.02%
GNE	C	0.02%
NBR	C	0.02%
WABC	B	0.02%
TWI	D	0.02%
BRY	F	0.02%
MTW	C	0.02%
SWK	D	0.02%
GTN	F	0.02%
CENX	B	0.02%
PACK	C	0.02%
PLOW	D	0.02%
PAHC	C	0.02%
DJCO	B	0.02%
WASH	C	0.02%
FFWM	C	0.02%
METC	C	0.02%
WTBA	B	0.02%
CARE	C	0.02%
VLGEA	B	0.02%
SIRI	C	0.02%
SENEA	B	0.02%
SEG	B	0.02%
CCNE	B	0.02%
SMBK	A	0.02%
DSGR	C	0.02%
VSTS	C	0.02%
HY	F	0.02%
MITK	C	0.02%
FBIZ	B	0.02%
UHS	D	0.02%
CEVA	B	0.02%
HCAT	C	0.02%
JBI	F	0.02%
LGF.A	C	0.02%
SYBT	B	0.02%
USAP	B	0.02%
PRM	C	0.02%
UNTY	B	0.02%
FLXS	B	0.02%
FISI	B	0.02%
DGICA	A	0.02%
OPEN	C	0.02%
AROW	B	0.02%
HRTG	C	0.02%
GCO	B	0.02%
FFIC	B	0.02%
ODC	C	0.02%
BOC	C	0.02%
AVO	C	0.02%
ITIC	B	0.02%
NRIM	B	0.02%
GDOT	D	0.02%
ULH	B	0.02%
SHEN	F	0.02%
NGS	B	0.02%
HVT	F	0.02%
CVGW	C	0.02%
WRLD	C	0.02%
HAIN	C	0.02%
PTVE	C	0.02%
SKX	D	0.02%
MERC	F	0.02%
CALX	F	0.02%
TRC	D	0.02%
ANIP	D	0.02%
GDYN	B	0.02%
MGPI	F	0.02%
BSRR	B	0.02%
SHBI	B	0.02%
PUBM	C	0.02%
ZUMZ	C	0.02%
LYTS	B	0.02%
ORRF	C	0.02%
KELYA	F	0.02%
ZEUS	C	0.02%
USNA	C	0.02%
AORT	B	0.02%
FARO	B	0.02%
HWKN	A	0.02%
MP	A	0.02%
BGS	F	0.02%
MOFG	B	0.02%
FRPH	B	0.02%
CLW	D	0.02%
KRNY	C	0.02%
ESCA	C	0.01%
TTGT	C	0.01%
ALLO	F	0.01%
CCCC	F	0.01%
ARCT	F	0.01%
WOW	B	0.01%
FONR	D	0.01%
SPOK	B	0.01%
HWBK	B	0.01%
IBEX	B	0.01%
HBT	B	0.01%
MXL	C	0.01%
KOD	C	0.01%
IVAC	F	0.01%
SNFCA	B	0.01%
MLNK	C	0.01%
IMMR	C	0.01%
GAMB	B	0.01%
CYRX	F	0.01%
KEQU	C	0.01%
ULBI	F	0.01%
LASR	F	0.01%
GEOS	D	0.01%
GIFI	C	0.01%
AXR	B	0.01%
CZWI	A	0.01%
GDEN	C	0.01%
LCUT	F	0.01%
PARA	C	0.01%
CRBU	F	0.01%
GHM	B	0.01%
ALTG	C	0.01%
AOUT	B	0.01%
BALY	C	0.01%
CHMG	A	0.01%
UBFO	B	0.01%
NTIC	C	0.01%
SSP	F	0.01%
ESQ	B	0.01%
BELFA	D	0.01%
CBNK	B	0.01%
GRNT	B	0.01%
TWIN	F	0.01%
CIFR	C	0.01%
MPAA	C	0.01%
ELMD	A	0.01%
PHX	A	0.01%
PPIH	B	0.01%
EHTH	C	0.01%
ISTR	B	0.01%
PNRG	B	0.01%
TASK	C	0.01%
TTSH	D	0.01%
TNC	D	0.01%
NECB	B	0.01%
AMPH	F	0.01%
RNA	D	0.01%
MCBS	B	0.01%
CLAR	D	0.01%
NOVA	F	0.01%
TR	B	0.01%
PCB	B	0.01%
BBCP	C	0.01%
FNWB	C	0.01%
PTLO	F	0.01%
TLYS	F	0.01%
HII	F	0.01%
NNBR	C	0.01%
UEIC	C	0.01%
HBB	F	0.01%
AESI	B	0.01%
NUVB	C	0.01%
VYGR	F	0.01%
ARKO	C	0.01%
VYX	C	0.01%
BFIN	B	0.01%
MCRI	A	0.01%
AE	B	0.01%
VRA	D	0.01%
EVBN	B	0.01%
III	C	0.01%
MG	F	0.01%
GSM	D	0.01%
RCKY	F	0.01%
NATR	C	0.01%
PRG	B	0.01%
ACCD	D	0.01%
BSET	B	0.01%
OPBK	B	0.01%
HURC	C	0.01%
BLDE	C	0.01%
BWFG	A	0.01%
CRNC	C	0.01%
PFIS	A	0.01%
KEY	A	0.01%
FET	F	0.01%
DBRG	F	0.01%
CTRN	D	0.01%
MX	F	0.01%
STRT	B	0.01%
BOOM	F	0.01%
RVSB	C	0.01%
ASUR	C	0.01%
STRS	C	0.01%
KIDS	D	0.01%
RMAX	B	0.01%
BILL	A	0.01%
SRI	F	0.01%
OPY	B	0.01%
CDNA	D	0.01%
HEES	B	0.01%
CBAN	B	0.01%
REYN	D	0.01%
UTMD	D	0.01%
SMHI	F	0.01%
LSEA	C	0.01%
MLAB	D	0.01%
PENN	C	0.01%
VIRC	B	0.01%
EML	F	0.01%
EDIT	F	0.01%
USPH	C	0.01%
WNEB	B	0.01%
VSAT	F	0.01%
REPX	B	0.01%
PGNY	F	0.01%
CHGG	D	0.01%
ALCO	D	0.01%
FRBA	C	0.01%
EPM	C	0.01%
SFIX	B	0.01%
TBRG	B	0.01%
NC	C	0.01%
FUNC	A	0.01%
OABI	D	0.01%
FIVE	D	0.01%
LGTY	D	0.01%
ALRS	D	0.01%
SHYF	C	0.01%
PKE	B	0.01%
ACLS	F	0.01%
LAKE	C	0.01%
ANIK	F	0.01%
CVEO	F	0.01%
ASPN	F	0.01%
BCML	A	0.01%
BCBP	B	0.01%
FATE	F	0.01%
QUAD	B	0.01%
BLFY	B	0.01%
HIFS	B	0.01%
EVC	C	0.01%
FMC	D	0.01%
JJSF	C	0.01%
RELL	B	0.01%
DBI	F	0.01%
OSPN	A	0.01%
PKBK	B	0.01%
ACNB	B	0.01%
CNSL	C	0.01%
SWIM	C	0.01%
WOOF	D	0.01%
MCW	C	0.01%
FF	D	0.01%
RLAY	F	0.01%
LXFR	B	0.01%
QTRX	F	0.01%
OFIX	B	0.01%
TG	D	0.01%
PANL	F	0.01%
FLIC	A	0.01%
CGEM	F	0.01%
DH	D	0.01%
CCB	B	0.01%
LXU	C	0.01%
CPSS	C	0.01%
LGF.A	C	0.01%
VOXX	C	0.01%
SMLR	C	0.01%
QNST	C	0.01%
MEI	D	0.01%
ACTG	F	0.01%
ALKS	B	0.01%
ADV	C	0.01%
BANF	B	0.01%
CE	F	0.01%
PARR	D	0.01%
ZIMV	F	0.01%
ORGO	C	0.01%
LEGH	C	0.01%
SGC	C	0.01%
CFFI	B	0.01%
THRY	F	0.01%
AMRC	F	0.01%
LNN	B	0.01%
FSBW	B	0.01%
NUS	C	0.01%
BWB	B	0.01%
KODK	B	0.01%
CRSR	C	0.01%
HDSN	F	0.01%
ANGO	C	0.01%
MYE	F	0.01%
ATRO	F	0.01%
OIS	C	0.01%
RNGR	B	0.01%
CCRN	F	0.01%
GENC	B	0.01%
EBTC	B	0.01%
ONTF	C	0.01%
AMN	F	0.01%
MEC	D	0.01%
AVD	D	0.01%
VNDA	C	0.01%
CZNC	B	0.01%
PKOH	B	0.01%
SD	D	0.01%
FRST	B	0.01%
MPB	B	0.01%
ONEW	D	0.01%
FIGS	F	0.01%
CTOS	C	0.01%
JAKK	C	0.01%
TSBK	B	0.01%
LFST	C	0.01%
LINC	C	0.01%
RM	C	0.01%
ITOS	F	0.01%
HBCP	B	0.01%
FFNW	C	0.01%
FSTR	B	0.01%
GNTY	A	0.01%
AMPY	C	0.01%
CLSK	C	0.01%
EGY	F	0.01%
LILA	F	0.01%
DFH	C	0.01%
CMP	C	0.01%
TCMD	B	0.01%
XERS	C	0.0%
ICD	F	0.0%
CHCI	D	0.0%
CVV	F	0.0%
HFBL	D	0.0%
RBKB	B	0.0%
AWX	C	0.0%
STAA	F	0.0%
ELSE	B	0.0%
MFIN	C	0.0%
IROQ	C	0.0%
WMPN	B	0.0%
NHTC	F	0.0%
CKX	F	0.0%
ABOS	F	0.0%
OPOF	B	0.0%
ACIC	B	0.0%
FUSB	B	0.0%
SLNG	B	0.0%
ACIU	C	0.0%
HOWL	F	0.0%
SSBI	F	0.0%
VTYX	F	0.0%
EDUC	F	0.0%
PEPG	F	0.0%
LTRN	F	0.0%
PALT	F	0.0%
LIVE	F	0.0%
WVVI	F	0.0%
PFMT	F	0.0%
UTZ	D	0.0%
BRBS	C	0.0%
CODA	B	0.0%
ACRV	F	0.0%
QIPT	F	0.0%
WHLM	D	0.0%
OBT	C	0.0%
FCAP	D	0.0%
PRLD	F	0.0%
EVI	F	0.0%
TLF	F	0.0%
PMCB	F	0.0%
ORMP	F	0.0%
AAME	D	0.0%
CARV	F	0.0%
HVT	F	0.0%
COHN	C	0.0%
AMS	C	0.0%
GROW	D	0.0%
NRDS	C	0.0%
SKLZ	D	0.0%
AUBN	B	0.0%
NCSM	C	0.0%
PBHC	B	0.0%
GTN.A	F	0.0%
MTEX	C	0.0%
DDD	C	0.0%
CFBK	B	0.0%
BRID	D	0.0%
JVA	B	0.0%
BIOX	F	0.0%
ABSI	F	0.0%
HHS	F	0.0%
LSBK	C	0.0%
DTST	D	0.0%
CRWS	F	0.0%
TAIT	F	0.0%
UPLD	C	0.0%
RDIB	F	0.0%
UONEK	F	0.0%
ATHA	D	0.0%
SIF	D	0.0%
OPHC	C	0.0%
UBCP	C	0.0%
RMBI	A	0.0%
UONE	F	0.0%
OCC	F	0.0%
UNB	A	0.0%
PRTS	D	0.0%
FXNC	B	0.0%
CNTY	C	0.0%
FKWL	D	0.0%
HNNA	C	0.0%
RFL	D	0.0%
SGMA	F	0.0%
GBIO	F	0.0%
TNYA	C	0.0%
BCAB	F	0.0%
CVR	C	0.0%
NSYS	F	0.0%
ICCC	C	0.0%
TRT	C	0.0%
CPIX	F	0.0%
SGRP	D	0.0%
ORIC	D	0.0%
LSF	C	0.0%
SLQT	C	0.0%
MXC	D	0.0%
NTWK	F	0.0%
KRT	A	0.0%
ISSC	C	0.0%
PDEX	B	0.0%
RZLT	C	0.0%
STRO	F	0.0%
STHO	F	0.0%
ZDGE	F	0.0%
BOTJ	B	0.0%
JBSS	F	0.0%
HPK	C	0.0%
FNWD	D	0.0%
DIT	F	0.0%
RCMT	C	0.0%
HSON	F	0.0%
JRSH	B	0.0%
BDTX	F	0.0%
CROX	F	0.0%
SFBC	C	0.0%
NKTX	F	0.0%
INFU	C	0.0%
AFBI	C	0.0%
GTIM	D	0.0%
GDRX	F	0.0%
RAPT	F	0.0%
LGL	C	0.0%
FINW	B	0.0%
SVT	F	0.0%
COFS	B	0.0%
CZFS	B	0.0%
CBFV	A	0.0%
FRAF	A	0.0%
BCOV	A	0.0%
HEAR	C	0.0%
ENZ	F	0.0%
PFIE	A	0.0%
REPL	C	0.0%
OLPX	C	0.0%
PYXS	F	0.0%
FLL	D	0.0%
ETNB	C	0.0%
SSTI	C	0.0%
AWRE	F	0.0%
METCB	F	0.0%
FORM	F	0.0%
SND	C	0.0%
APT	F	0.0%
FSBC	B	0.0%
FPH	C	0.0%
DGICB	C	0.0%
FTK	B	0.0%
INDI	C	0.0%
TACT	F	0.0%
MNTK	F	0.0%
FSFG	A	0.0%
AEIS	B	0.0%
LUNA	D	0.0%
CMLS	F	0.0%
AXTI	F	0.0%
BWEN	F	0.0%
NAII	F	0.0%
DSGN	C	0.0%
TAYD	F	0.0%
MNSB	C	0.0%
SBFG	B	0.0%
MHH	B	0.0%
SWKH	D	0.0%
EBMT	A	0.0%
HFFG	C	0.0%
TSVT	F	0.0%
LARK	B	0.0%
INVE	C	0.0%
PBFS	B	0.0%
PETS	C	0.0%
WYY	B	0.0%
OVBC	B	0.0%
DAIO	C	0.0%
MGYR	B	0.0%
RFIL	C	0.0%
BFC	B	0.0%
STKS	D	0.0%
MBCN	C	0.0%
SENEB	A	0.0%
VABK	C	0.0%
XNCR	B	0.0%
CXDO	C	0.0%
AP	C	0.0%
BSVN	B	0.0%
GSIT	F	0.0%
ESOA	B	0.0%
NEXA	C	0.0%
CPB	D	0.0%
OOMA	B	0.0%
SLP	D	0.0%
DIBS	F	0.0%
CPHC	C	0.0%
UHAL	D	0.0%
VEL	A	0.0%
MRAM	D	0.0%
PBYI	C	0.0%
FARM	C	0.0%
MYPS	C	0.0%
TSQ	F	0.0%
CIX	D	0.0%
MRBK	A	0.0%
PLRX	C	0.0%
OB	B	0.0%
COOK	D	0.0%
ARKR	F	0.0%
SSBK	B	0.0%
EVCM	B	0.0%
SATS	D	0.0%
CIA	C	0.0%
FCCO	B	0.0%
POWW	F	0.0%
MPX	C	0.0%
DHX	D	0.0%
OVLY	A	0.0%
NKSH	C	0.0%
VTSI	C	0.0%
TRDA	B	0.0%
NL	B	0.0%
NWFL	B	0.0%
NABL	F	0.0%
EBS	C	0.0%
RSVR	B	0.0%
DOUG	C	0.0%
ENTA	F	0.0%
ERAS	C	0.0%
MUX	F	0.0%
CSPI	C	0.0%
BDL	F	0.0%
SKWD	B	0.0%
NODK	B	0.0%
GLUE	C	0.0%
SRTS	B	0.0%
BCAL	B	0.0%
MASS	F	0.0%
HLIT	F	0.0%
AC	C	0.0%
TWST	C	0.0%
ASRV	C	0.0%
SBT	C	0.0%
SAGE	F	0.0%
SCWX	C	0.0%
EGAN	C	0.0%
TERN	F	0.0%
CVGI	F	0.0%
TLS	F	0.0%
PEBK	B	0.0%
FVCB	B	0.0%
DLHC	F	0.0%
OPRX	F	0.0%
BGSF	F	0.0%
GATO	D	0.0%
CMTL	D	0.0%
LCNB	B	0.0%
OPRT	C	0.0%
CULP	D	0.0%
ASLE	C	0.0%
SPWH	F	0.0%
PVBC	B	0.0%
PL	B	0.0%
CTKB	C	0.0%
VERV	F	0.0%
LNSR	B	0.0%
ATLO	D	0.0%
FG	B	0.0%
SIGA	D	0.0%
ALTO	F	0.0%
MNTX	C	0.0%
NTLA	F	0.0%
WHG	C	0.0%
VICR	B	0.0%
SSTK	F	0.0%
CMT	C	0.0%
ANGI	F	0.0%
MEG	F	0.0%
RRBI	B	0.0%
SSYS	C	0.0%
BWMN	C	0.0%
FORR	C	0.0%
TUSK	F	0.0%
SUM	B	0.0%
FMAO	B	0.0%
FULC	D	0.0%
MYFW	B	0.0%
ESP	C	0.0%
GAIA	B	0.0%
TTI	C	0.0%
KTCC	D	0.0%
KVHI	B	0.0%
LTRX	F	0.0%
AGM	B	0.0%
ARC	A	0.0%
MVBF	C	0.0%
CATO	F	0.0%
CDLX	D	0.0%
JRVR	F	0.0%
SGA	F	0.0%
EGHT	C	0.0%
DXLG	F	0.0%
QRHC	F	0.0%
FEIM	B	0.0%
NATL	C	0.0%
RMR	F	0.0%
LMNR	C	0.0%
GPRO	F	0.0%
INGN	C	0.0%
TCBX	B	0.0%
TBNK	B	0.0%
ESSA	B	0.0%
CLFD	F	0.0%
PROV	B	0.0%
GRWG	F	0.0%
CPS	C	0.0%
ACU	C	0.0%
ASYS	C	0.0%
PLBC	A	0.0%
FRD	D	0.0%
HMST	F	0.0%
PWOD	A	0.0%
DLTH	D	0.0%
RGR	F	0.0%
AVNW	F	0.0%
ALOT	C	0.0%
CF	B	0.0%
MGM	F	0.0%
NATH	C	0.0%
INTT	C	0.0%
EPSN	B	0.0%
HBIO	F	0.0%
UFI	F	0.0%

DFAT Underweight 138 Positions Relative to IVOV

Symbol	Grade	Weight
ILMN	C	-1.62%
FNF	B	-1.1%
THC	D	-1.05%
DOCU	A	-1.0%
WPC	D	-0.86%
BJ	B	-0.79%
AFG	A	-0.66%
UTHR	C	-0.64%
FLR	B	-0.63%
AAL	B	-0.62%
AVTR	F	-0.62%
GME	C	-0.61%
OGE	A	-0.57%
XPO	B	-0.57%
GLPI	B	-0.55%
ACM	A	-0.54%
ADC	B	-0.53%
RPM	A	-0.53%
MTZ	B	-0.53%
SFM	B	-0.53%
TPL	B	-0.51%
IBKR	B	-0.48%
EQH	B	-0.48%
VNO	B	-0.48%
OHI	D	-0.46%
FBIN	D	-0.44%
BURL	B	-0.44%
STWD	C	-0.44%
VMI	A	-0.44%
CCK	D	-0.42%
SCI	A	-0.41%
KRG	B	-0.4%
SRCL	B	-0.4%
REXR	F	-0.4%
CG	B	-0.39%
EHC	B	-0.39%
BMRN	F	-0.39%
NFG	B	-0.39%
DKS	C	-0.38%
THG	C	-0.38%
CIEN	B	-0.38%
KD	B	-0.37%
WTRG	B	-0.36%
UGI	A	-0.36%
NNN	D	-0.35%
SAIC	F	-0.34%
KBR	F	-0.34%
CUBE	D	-0.34%
LAMR	C	-0.34%
POR	C	-0.34%
CW	B	-0.33%
CUZ	B	-0.33%
ELS	C	-0.33%
CFR	B	-0.33%
AYI	B	-0.32%
SBRA	B	-0.32%
BRX	A	-0.32%
ATR	B	-0.32%
RGLD	D	-0.32%
LITE	B	-0.31%
TTC	D	-0.31%
IRT	B	-0.31%
SWX	B	-0.31%
TKO	B	-0.31%
AMH	C	-0.31%
KRC	C	-0.3%
CBSH	B	-0.3%
BKH	B	-0.29%
PNM	F	-0.28%
OGS	A	-0.28%
DCI	A	-0.27%
FLS	A	-0.27%
CGNX	C	-0.27%
WU	D	-0.26%
HQY	B	-0.26%
CNM	D	-0.26%
SR	A	-0.26%
SEIC	A	-0.26%
ALE	A	-0.26%
MIDD	B	-0.25%
FR	C	-0.25%
IDA	B	-0.24%
STAG	D	-0.24%
MKSI	C	-0.24%
CHE	D	-0.23%
NWE	A	-0.23%
CYTK	F	-0.23%
FHI	A	-0.22%
EGP	D	-0.22%
EVR	B	-0.21%
PCH	C	-0.21%
FFIN	B	-0.2%
EXLS	A	-0.2%
CC	C	-0.19%
CVLT	B	-0.19%
SIGI	B	-0.18%
BRKR	F	-0.18%
GNTX	C	-0.18%
CRUS	F	-0.18%
NOVT	D	-0.18%
RYN	C	-0.18%
DOCS	C	-0.18%
RH	B	-0.18%
EXPO	D	-0.17%
WH	A	-0.17%
MTSI	B	-0.17%
SRPT	F	-0.17%
MASI	A	-0.17%
HXL	D	-0.17%
CDP	C	-0.16%
RCM	F	-0.16%
RLI	A	-0.16%
SMG	C	-0.16%
MTN	C	-0.15%
LPX	B	-0.15%
JWN	A	-0.15%
CBT	C	-0.14%
LSTR	B	-0.14%
AM	B	-0.14%
LFUS	D	-0.13%
DLB	B	-0.13%
EEFT	B	-0.13%
ROIV	B	-0.13%
POWI	D	-0.12%
IRDM	C	-0.12%
LANC	C	-0.12%
CHX	C	-0.12%
WEN	D	-0.11%
NSA	C	-0.11%
CHH	A	-0.11%
NSP	F	-0.1%
PSN	D	-0.1%
HAE	B	-0.1%
EPR	D	-0.09%
YETI	C	-0.08%
BLKB	B	-0.08%
TNL	A	-0.07%
WMG	C	-0.07%