DFAT vs. JSMD ETF Comparison

Comparison of Dimensional U.S. Targeted Value ETF (DFAT) to Janus Small/Mid Cap Growth Alpha ETF (JSMD)

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

$51.67

Average Daily Volume

219,189

Number of Holdings ^*

1400

* may have additional holdings in another (foreign) market

JSMD

Janus Small/Mid Cap Growth Alpha ETF

JSMD Description

Janus Small/Mid Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small/Mid Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$66.48

Average Daily Volume

15,775

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	DFAT	JSMD
30 Days	-2.82%	-0.33%
60 Days	-1.16%	-0.85%
90 Days	-2.02%	-1.83%
12 Months	12.38%	7.06%

113 Overlapping Holdings

Symbol	Grade	Weight in DFAT	Weight in JSMD	Overlap
ABG	D	0.27%	0.16%	0.16%
ADUS	B	0.09%	0.41%	0.09%
AGCO	F	0.42%	0.72%	0.42%
ALG	F	0.16%	0.2%	0.16%
ALTG	F	0.01%	0.03%	0.01%
AMAL	B	0.04%	0.05%	0.04%
AMK	B	0.03%	0.17%	0.03%
AMPS	F	0.01%	0.02%	0.01%
ANET	A	0.01%	0.05%	0.01%
ASC	B	0.07%	0.08%	0.07%
ATLC	C	0.02%	0.03%	0.02%
AX	C	0.25%	0.21%	0.21%
BFC	C	0.0%	0.05%	0.0%
BFST	C	0.01%	0.03%	0.01%
BOOT	B	0.1%	0.14%	0.1%
BRBR	C	0.16%	0.33%	0.16%
BWFG	C	0.01%	0.01%	0.01%
BY	A	0.04%	0.07%	0.04%
CALB	C	0.0%	0.01%	0.0%
CALM	B	0.19%	0.12%	0.12%
CASH	B	0.12%	0.09%	0.09%
CBNK	C	0.0%	0.02%	0.0%
CBZ	C	0.01%	0.37%	0.01%
CCB	B	0.01%	0.04%	0.01%
CCBG	C	0.03%	0.03%	0.03%
CCRN	F	0.03%	0.1%	0.03%
CFB	B	0.02%	0.04%	0.02%
CIVB	C	0.01%	0.01%	0.01%
CMC	D	0.46%	0.98%	0.46%
CNXC	C	0.12%	0.38%	0.12%
CRAI	B	0.0%	0.12%	0.0%
CUBI	B	0.1%	0.1%	0.1%
CVCO	D	0.19%	0.1%	0.1%
CZR	C	0.03%	0.3%	0.03%
DAR	D	0.18%	0.25%	0.18%
DFH	F	0.0%	0.03%	0.0%
DV	D	0.04%	0.56%	0.04%
ENVA	B	0.15%	0.11%	0.11%
ESGR	A	0.24%	0.31%	0.24%
ESQ	D	0.01%	0.02%	0.01%
ESSA	B	0.0%	0.01%	0.0%
EVCM	B	0.0%	0.33%	0.0%
FN	B	0.01%	1.53%	0.01%
FRAF	C	0.0%	0.01%	0.0%
FRD	F	0.01%	0.02%	0.01%
FSBC	B	0.0%	0.03%	0.0%
GMS	D	0.19%	0.31%	0.19%
GPI	D	0.34%	0.14%	0.14%
GPK	D	0.03%	1.31%	0.03%
GRBK	C	0.04%	0.09%	0.04%
GRNT	C	0.0%	0.07%	0.0%
HDSN	F	0.02%	0.04%	0.02%
HGBL	C	0.0%	0.01%	0.0%
HIBB	A	0.03%	0.04%	0.03%
HRI	D	0.06%	0.37%	0.06%
HTBI	B	0.01%	0.03%	0.01%
HWKN	A	0.06%	0.29%	0.06%
HZO	C	0.04%	0.03%	0.03%
IAS	C	0.02%	0.12%	0.02%
IBOC	C	0.29%	0.23%	0.23%
KE	F	0.03%	0.09%	0.03%
LAD	D	0.4%	0.24%	0.24%
LOVE	D	0.02%	0.01%	0.01%
LPG	C	0.15%	0.15%	0.15%
MBIN	C	0.06%	0.12%	0.06%
MBUU	F	0.03%	0.03%	0.03%
MCB	C	0.02%	0.03%	0.02%
MCFT	F	0.01%	0.01%	0.01%
MGPI	F	0.03%	0.07%	0.03%
MGRC	D	0.07%	0.26%	0.07%
MHO	D	0.12%	0.12%	0.12%
MLI	C	0.35%	0.63%	0.35%
MNSB	C	0.0%	0.01%	0.0%
MTDR	C	0.35%	0.63%	0.35%
MTH	D	0.15%	0.21%	0.15%
NAPA	F	0.03%	0.04%	0.03%
NBHC	B	0.08%	0.09%	0.08%
NBN	B	0.02%	0.03%	0.02%
NECB	A	0.0%	0.02%	0.0%
NMIH	A	0.17%	0.18%	0.17%
NX	F	0.05%	0.09%	0.05%
OBT	B	0.0%	0.02%	0.0%
ODC	F	0.02%	0.01%	0.01%
ORRF	B	0.01%	0.02%	0.01%
OSBC	B	0.03%	0.04%	0.03%
OVLY	F	0.0%	0.01%	0.0%
PFBC	C	0.05%	0.07%	0.05%
PLAB	D	0.09%	0.27%	0.09%
PLBC	C	0.0%	0.01%	0.0%
PLPC	F	0.03%	0.06%	0.03%
PLUS	C	0.12%	0.34%	0.12%
PLXS	C	0.2%	0.48%	0.2%
PRFT	B	0.01%	0.45%	0.01%
QCRH	B	0.07%	0.06%	0.06%
RUSHA	D	0.23%	0.33%	0.23%
SANM	B	0.31%	0.63%	0.31%
SMLR	C	0.0%	0.05%	0.0%
SSBK	B	0.0%	0.02%	0.0%
SSTK	F	0.0%	0.11%	0.0%
STRL	D	0.02%	0.36%	0.02%
TBBK	B	0.02%	0.12%	0.02%
TCBX	C	0.0%	0.02%	0.0%
TITN	F	0.02%	0.04%	0.02%
TOL	D	0.46%	0.43%	0.43%
UNTY	B	0.01%	0.02%	0.01%
USLM	B	0.01%	0.32%	0.01%
VCTR	C	0.01%	0.21%	0.01%
VEL	B	0.0%	0.04%	0.0%
VTSI	D	0.0%	0.01%	0.0%
WABC	C	0.02%	0.08%	0.02%
WAL	B	0.22%	0.44%	0.22%
WCC	D	0.45%	0.8%	0.45%
WIRE	A	0.22%	0.45%	0.22%

DFAT Overweight 1287 Positions Relative to JSMD

Symbol	Grade	Weight
CHK	C	0.62%
DINO	D	0.62%
SNX	D	0.6%
AR	C	0.6%
ALLY	B	0.57%
ARW	D	0.56%
UNM	D	0.54%
JLL	B	0.5%
KNX	C	0.5%
TMHC	D	0.49%
X	C	0.46%
ORI	C	0.45%
PBF	D	0.45%
BWA	F	0.45%
PAG	D	0.44%
CLF	D	0.44%
BPOP	C	0.44%
MOS	F	0.43%
JXN	B	0.43%
MUR	D	0.43%
PVH	F	0.42%
MHK	D	0.42%
AXS	B	0.41%
AMKR	B	0.41%
POST	C	0.4%
STNG	B	0.4%
SWN	C	0.4%
AGO	B	0.4%
FHN	C	0.4%
IP	B	0.39%
CHRD	C	0.39%
IVZ	C	0.39%
GPS	B	0.38%
AVT	D	0.38%
AA	B	0.38%
ZION	B	0.37%
SKYW	B	0.36%
MTG	B	0.36%
AL	C	0.35%
JEF	A	0.35%
M	D	0.35%
DTM	B	0.35%
SSB	C	0.34%
CMA	C	0.34%
INGR	D	0.34%
WTFC	C	0.34%
WBS	D	0.34%
ALK	D	0.33%
OZK	D	0.33%
COHR	B	0.33%
MATX	B	0.33%
BCC	F	0.33%
URBN	B	0.33%
SNV	A	0.33%
PB	C	0.33%
SM	D	0.32%
NOV	C	0.32%
AEO	F	0.32%
RRX	F	0.32%
JHG	A	0.31%
ONB	B	0.31%
WTM	C	0.31%
PNFP	C	0.31%
ASH	D	0.3%
OLN	D	0.3%
FAF	D	0.3%
CADE	C	0.3%
FNB	C	0.3%
NXST	C	0.3%
ESNT	B	0.3%
CNX	C	0.3%
HUN	F	0.29%
ACA	D	0.28%
ELAN	F	0.28%
KEX	B	0.28%
BOKF	C	0.28%
TPH	D	0.28%
THO	D	0.28%
PFSI	A	0.28%
SIG	D	0.27%
AMR	C	0.27%
AN	C	0.27%
CRS	B	0.27%
ITGR	D	0.27%
RIG	D	0.26%
CEIX	B	0.26%
INSW	B	0.26%
ABM	B	0.26%
UBSI	D	0.26%
CNO	B	0.26%
FBP	A	0.26%
LBRT	C	0.25%
ASB	C	0.25%
GT	F	0.25%
HOG	F	0.25%
GTES	D	0.25%
R	B	0.25%
ABCB	B	0.25%
OMF	C	0.24%
BTU	C	0.24%
HWC	B	0.24%
UHS	B	0.23%
AROC	B	0.23%
LRN	C	0.23%
CACI	B	0.23%
OC	D	0.23%
FYBR	B	0.23%
TCBI	B	0.23%
GVA	B	0.23%
WRK	D	0.23%
LEA	F	0.23%
OVV	C	0.23%
UHAL	D	0.23%
IOSP	D	0.22%
GHC	C	0.22%
MTX	B	0.22%
VSH	D	0.22%
UFPI	D	0.22%
BECN	D	0.22%
ATGE	A	0.22%
KFY	B	0.22%
FULT	D	0.22%
TRN	C	0.22%
PRGO	D	0.22%
AGIO	B	0.21%
HP	D	0.21%
HOMB	C	0.21%
CCS	D	0.21%
GNW	D	0.21%
NNI	C	0.21%
HUBG	B	0.21%
CRC	B	0.21%
AZTA	D	0.2%
BIO	F	0.2%
AIR	B	0.2%
ASO	F	0.2%
AUB	C	0.2%
WSFS	B	0.2%
ACIW	A	0.2%
NPO	C	0.19%
KSS	F	0.19%
PRIM	D	0.19%
VLY	F	0.19%
HL	C	0.19%
DXC	C	0.19%
VOYA	D	0.19%
PBH	B	0.19%
KMPR	C	0.19%
RDN	B	0.19%
KLIC	B	0.18%
MODG	D	0.18%
TNK	B	0.18%
UNF	B	0.18%
BERY	D	0.18%
ST	C	0.18%
VAC	F	0.18%
FUL	D	0.18%
ARCH	C	0.18%
CATY	C	0.18%
SF	B	0.18%
MAN	D	0.17%
PATK	C	0.17%
SPB	D	0.17%
COOP	C	0.17%
CLVT	D	0.17%
TTMI	A	0.17%
DIOD	C	0.17%
TROX	D	0.17%
TEX	D	0.17%
EPC	B	0.17%
ALIT	F	0.16%
SEB	D	0.16%
BC	F	0.16%
MCY	C	0.16%
ENOV	F	0.16%
DHT	D	0.16%
SFL	B	0.16%
FL	D	0.16%
SJM	F	0.16%
UCBI	D	0.16%
ESI	B	0.16%
REZI	D	0.16%
FFBC	C	0.15%
DNB	D	0.15%
FHB	C	0.15%
USM	B	0.15%
NAVI	D	0.15%
VSTO	B	0.15%
PDCO	F	0.15%
USFD	B	0.15%
ARCB	D	0.15%
FIBK	B	0.15%
THS	C	0.15%
BHF	D	0.15%
WAFD	C	0.15%
OSK	D	0.15%
VTRS	D	0.15%
UCTT	A	0.15%
TGNA	D	0.15%
TDS	B	0.15%
ESE	D	0.15%
SMPL	D	0.14%
CWK	C	0.14%
HELE	F	0.14%
SNEX	B	0.14%
STC	C	0.14%
MTRN	D	0.14%
WMK	D	0.14%
ENS	B	0.14%
STRA	C	0.14%
VECO	B	0.14%
TWLO	D	0.14%
PSMT	D	0.14%
WOR	F	0.14%
BRC	B	0.14%
B	B	0.14%
ADNT	F	0.14%
TRMK	C	0.14%
ANDE	D	0.14%
HLX	A	0.14%
ACHC	F	0.14%
JBLU	B	0.14%
RRC	C	0.13%
ROCK	D	0.13%
KN	D	0.13%
CDE	B	0.13%
PRDO	C	0.13%
DNOW	C	0.13%
DK	D	0.13%
XRX	F	0.13%
LGIH	F	0.13%
LCII	F	0.13%
WD	D	0.13%
SNDR	B	0.13%
UMBF	B	0.13%
MDU	C	0.13%
KBH	C	0.13%
GBX	C	0.13%
ICFI	D	0.13%
KAR	C	0.13%
KMT	D	0.13%
CRK	C	0.13%
WERN	D	0.13%
OFG	B	0.13%
LZB	B	0.13%
CNXN	D	0.13%
FLEX	C	0.13%
WGO	F	0.13%
RNST	C	0.13%
AVNT	D	0.13%
CMRE	B	0.12%
GATX	B	0.12%
DAN	F	0.12%
BDC	C	0.12%
RIOT	D	0.12%
CVBF	C	0.12%
GL	C	0.12%
HMN	D	0.12%
PFGC	D	0.12%
SFNC	C	0.12%
BKU	B	0.12%
MRTN	C	0.12%
PPBI	C	0.12%
CENTA	D	0.12%
SEM	A	0.12%
WSBC	C	0.12%
VCYT	C	0.12%
NBTB	B	0.12%
NVST	F	0.12%
TOWN	C	0.12%
COTY	F	0.12%
NWBI	B	0.12%
FRME	C	0.12%
OSIS	D	0.11%
SCL	D	0.11%
PPC	A	0.11%
MGY	B	0.11%
SON	F	0.11%
LILAK	B	0.11%
PFS	D	0.11%
INDB	D	0.11%
PINC	F	0.11%
GIII	F	0.11%
BANR	B	0.11%
BHE	B	0.11%
FCF	B	0.11%
GO	F	0.11%
HTLF	B	0.11%
LBRDK	C	0.11%
NHC	A	0.1%
COHU	B	0.1%
OI	F	0.1%
VRTS	C	0.1%
AGM	B	0.1%
ITRI	C	0.1%
DORM	C	0.1%
MGNI	B	0.1%
CAL	D	0.1%
IBTX	B	0.1%
UVV	F	0.1%
APA	D	0.1%
TKR	D	0.1%
ASGN	D	0.1%
CPA	D	0.1%
AMWD	F	0.1%
BANC	D	0.1%
MLKN	C	0.1%
CIVI	C	0.09%
HCC	C	0.09%
MOG.A	C	0.09%
TDOC	F	0.09%
NWLI	A	0.09%
GPOR	C	0.09%
SUPN	F	0.09%
ZD	F	0.09%
SRCE	B	0.09%
APOG	C	0.09%
UAA	F	0.09%
ARMK	B	0.09%
NWL	F	0.09%
EIG	B	0.09%
NTCT	D	0.09%
LAUR	C	0.09%
WS	C	0.09%
SBCF	C	0.09%
ODP	D	0.09%
SPNT	D	0.09%
CTS	D	0.09%
DDS	C	0.09%
SAH	D	0.09%
CBU	B	0.09%
EFSC	B	0.09%
TALO	D	0.09%
MRCY	D	0.09%
XPRO	B	0.09%
FBK	B	0.09%
PHIN	C	0.09%
FOR	F	0.08%
AMED	A	0.08%
NMRK	C	0.08%
ICHR	C	0.08%
HTH	C	0.08%
KW	C	0.08%
RES	F	0.08%
CPRI	D	0.08%
WTTR	B	0.08%
HI	F	0.08%
OXM	D	0.08%
ECPG	D	0.08%
BUSE	B	0.08%
OMI	F	0.08%
UA	D	0.08%
IMKTA	F	0.08%
SCVL	B	0.08%
GEF	F	0.08%
GES	F	0.08%
LGND	B	0.08%
IPG	F	0.08%
SWI	B	0.08%
SCSC	D	0.08%
SCHL	D	0.08%
INVA	B	0.08%
LTH	B	0.08%
KWR	D	0.08%
FDP	F	0.08%
MMI	D	0.07%
PLYA	D	0.07%
PCRX	F	0.07%
LITE	B	0.07%
BXC	F	0.07%
BHLB	B	0.07%
KTOS	B	0.07%
KALU	C	0.07%
EBC	B	0.07%
HAYW	F	0.07%
ESAB	D	0.07%
AIN	D	0.07%
AXL	D	0.07%
VRNT	C	0.07%
NVEE	F	0.07%
GNK	C	0.07%
SLCA	B	0.07%
ROG	C	0.07%
PUMP	D	0.07%
STBA	B	0.07%
HOPE	C	0.07%
FBNC	C	0.07%
SAFT	D	0.07%
MSGE	D	0.07%
SCS	B	0.07%
NOG	C	0.07%
HURN	C	0.07%
IART	C	0.06%
CTBI	C	0.06%
JAZZ	F	0.06%
NTB	B	0.06%
HTLD	C	0.06%
SWBI	D	0.06%
VSEC	B	0.06%
ATSG	C	0.06%
CLW	D	0.06%
AGX	B	0.06%
RPAY	C	0.06%
FTI	B	0.06%
ORA	C	0.06%
NAT	B	0.06%
MRC	C	0.06%
PEBO	C	0.06%
TRS	D	0.06%
OPEN	F	0.06%
FSLY	F	0.06%
WNC	D	0.06%
BMBL	F	0.06%
G	D	0.06%
CMCO	F	0.06%
JNPR	B	0.06%
VBTX	B	0.06%
AOSL	B	0.06%
SXI	D	0.06%
BKD	C	0.06%
THR	D	0.06%
SXT	D	0.06%
ECVT	D	0.06%
REX	D	0.06%
TCBK	B	0.06%
SKX	C	0.06%
SXC	C	0.06%
ADTN	D	0.06%
RAMP	C	0.06%
CFFN	B	0.05%
VREX	F	0.05%
RUSHB	F	0.05%
TPC	B	0.05%
NATL	B	0.05%
HAYN	C	0.05%
DXPE	D	0.05%
SPTN	F	0.05%
SGRY	F	0.05%
PRK	B	0.05%
SMP	F	0.05%
AMRK	C	0.05%
SLVM	C	0.05%
PRLB	F	0.05%
AAP	F	0.05%
TAP	F	0.05%
GXO	D	0.05%
EWBC	C	0.05%
GSBC	B	0.05%
RUN	F	0.05%
HSTM	B	0.05%
NR	B	0.05%
ETD	D	0.05%
LIVN	D	0.05%
ALGT	F	0.05%
LC	C	0.05%
BELFB	B	0.05%
OCFC	B	0.05%
MIR	B	0.05%
NIC	B	0.05%
VTOL	B	0.05%
KD	B	0.05%
CARS	B	0.05%
DGII	D	0.05%
SBOW	B	0.05%
AIZ	D	0.05%
TK	B	0.05%
RGA	B	0.05%
AVNS	F	0.05%
EYE	F	0.05%
SLGN	D	0.05%
VFC	C	0.05%
MATV	D	0.05%
CERT	D	0.05%
KOS	C	0.05%
DCO	B	0.05%
BJRI	B	0.05%
UVE	D	0.04%
ASIX	F	0.04%
NWS	A	0.04%
NVRI	B	0.04%
TRIP	F	0.04%
GLDD	C	0.04%
OEC	F	0.04%
ZEUS	F	0.04%
FCBC	B	0.04%
IIIN	D	0.04%
MD	F	0.04%
CRGY	B	0.04%
BZH	F	0.04%
HFWA	D	0.04%
BV	C	0.04%
FLGT	F	0.04%
MBWM	B	0.04%
CLNE	D	0.04%
TMP	C	0.04%
EQBK	A	0.04%
LGF.A	D	0.04%
MSBI	D	0.04%
PRA	F	0.04%
PETQ	A	0.04%
ETWO	D	0.04%
AHCO	D	0.04%
CNOB	D	0.04%
ACT	B	0.04%
DVAX	F	0.04%
FA	C	0.04%
SBLK	C	0.04%
DAKT	B	0.04%
DRQ	D	0.04%
CNDT	D	0.04%
UVSP	B	0.04%
RYI	F	0.04%
LOB	F	0.04%
MAT	F	0.04%
CABO	F	0.04%
KOP	F	0.04%
BRKL	D	0.04%
PFC	C	0.04%
WHR	C	0.04%
GABC	B	0.04%
TRST	B	0.04%
AMBC	F	0.04%
MLR	D	0.04%
REVG	C	0.04%
HSII	D	0.04%
GRC	B	0.04%
CECO	B	0.04%
AZZ	D	0.04%
DCOM	C	0.04%
PRG	D	0.04%
SASR	B	0.04%
KRO	B	0.04%
KELYA	C	0.04%
ASTE	F	0.04%
MATW	F	0.04%
PRAA	F	0.04%
HNI	B	0.04%
SATS	B	0.04%
HLIO	D	0.04%
EZPW	D	0.04%
QNST	C	0.03%
WRLD	D	0.03%
WLFC	B	0.03%
ACCO	F	0.03%
VIAV	D	0.03%
THRM	F	0.03%
CHUY	F	0.03%
WASH	B	0.03%
HVT	F	0.03%
USNA	F	0.03%
CAC	B	0.03%
RGP	F	0.03%
EGBN	D	0.03%
NTGR	B	0.03%
HY	D	0.03%
BAND	D	0.03%
NUS	F	0.03%
SRI	F	0.03%
CALX	C	0.03%
RDUS	D	0.03%
CHCO	B	0.03%
RBCAA	C	0.03%
GDOT	F	0.03%
UNFI	C	0.03%
MCBC	A	0.03%
VPG	F	0.03%
NEO	D	0.03%
TRC	C	0.03%
HAFC	B	0.03%
THRY	F	0.03%
SNCY	C	0.03%
LOCO	B	0.03%
CENT	F	0.03%
ARCT	F	0.03%
FLWS	C	0.03%
HTBK	B	0.03%
CLSK	D	0.03%
SBSI	D	0.03%
CRMT	F	0.03%
HBNC	C	0.03%
GTN	D	0.03%
OBK	C	0.03%
NPK	D	0.03%
MXL	B	0.03%
SOFI	D	0.03%
SHEN	D	0.03%
HCSG	D	0.03%
GPRE	F	0.03%
OLO	F	0.03%
EMN	D	0.03%
SAM	C	0.03%
JELD	D	0.03%
NJR	D	0.03%
MOV	D	0.03%
BRY	D	0.03%
UFCS	D	0.03%
OSG	A	0.03%
FBMS	C	0.03%
EVH	F	0.03%
MNRO	F	0.03%
TILE	C	0.03%
TIPT	D	0.03%
DNUT	F	0.03%
HONE	B	0.03%
NSIT	B	0.03%
IBCP	B	0.03%
XRAY	F	0.03%
CRI	F	0.03%
RNR	D	0.03%
CHEF	A	0.03%
MERC	F	0.03%
CPF	B	0.03%
HOV	D	0.03%
MWA	C	0.03%
DLX	B	0.03%
NEOG	C	0.03%
EBF	B	0.03%
MYGN	B	0.03%
CDNA	B	0.03%
VRA	F	0.02%
PANL	B	0.02%
CLBK	D	0.02%
WSBF	B	0.02%
FNLC	B	0.02%
CMP	F	0.02%
CTRN	F	0.02%
RCKY	C	0.02%
AMPY	B	0.02%
CCNE	B	0.02%
SBH	C	0.02%
PACK	D	0.02%
RLGT	C	0.02%
GDRX	B	0.02%
BH	D	0.02%
ONEW	C	0.02%
WTBA	C	0.02%
CARE	B	0.02%
FFNW	B	0.02%
TFSL	C	0.02%
OIS	D	0.02%
KEY	C	0.02%
BGS	F	0.02%
ACCD	F	0.02%
WEYS	D	0.02%
FBIZ	B	0.02%
TRUE	B	0.02%
ITIC	B	0.02%
RICK	F	0.02%
LBRDA	C	0.02%
GEF	F	0.02%
SYNA	D	0.02%
FISI	B	0.02%
CHGG	F	0.02%
CSV	B	0.02%
MTRX	F	0.02%
ORN	C	0.02%
DSGR	D	0.02%
NRIM	B	0.02%
SGC	B	0.02%
BOOM	C	0.02%
AROW	B	0.02%
TBI	F	0.02%
SHBI	B	0.02%
MEI	F	0.02%
PTSI	D	0.02%
SMBC	B	0.02%
SAVE	F	0.02%
OMCL	F	0.02%
AAN	B	0.02%
SMHI	B	0.02%
VLGEA	C	0.02%
OSUR	F	0.02%
SENEA	C	0.02%
PTVE	D	0.02%
PAHC	B	0.02%
ZIMV	B	0.02%
FF	B	0.02%
DH	F	0.02%
IPI	C	0.02%
GNE	D	0.02%
MOFG	B	0.02%
BSRR	A	0.02%
LYTS	D	0.02%
JBT	F	0.02%
GCI	A	0.02%
FFWM	F	0.02%
SD	D	0.02%
GBCI	C	0.02%
HGV	D	0.02%
HCAT	D	0.02%
DGICA	F	0.02%
AMN	F	0.02%
JOUT	F	0.02%
NGS	C	0.02%
MCS	F	0.02%
PYCR	D	0.02%
LE	C	0.02%
MP	D	0.02%
CATC	B	0.02%
CVGW	F	0.02%
LEG	F	0.02%
SHOO	C	0.02%
OSW	B	0.02%
FFIC	C	0.02%
MITK	D	0.02%
GCO	F	0.02%
COLB	C	0.02%
SFIX	B	0.02%
BOC	F	0.02%
HTZ	F	0.02%
CNA	B	0.02%
SGH	B	0.02%
LGF.A	D	0.02%
ATNI	D	0.02%
ULH	C	0.02%
ANIK	D	0.02%
MYE	F	0.02%
ASPN	D	0.02%
LILA	B	0.02%
PARR	D	0.02%
BHB	C	0.02%
NGVC	A	0.02%
NBR	D	0.02%
DBI	F	0.02%
ITOS	D	0.02%
ANIP	D	0.02%
KRNY	C	0.02%
MTW	F	0.02%
RYAM	B	0.02%
PGC	D	0.02%
SONO	F	0.02%
FRPH	D	0.02%
VC	D	0.02%
PUBM	C	0.02%
UTI	B	0.02%
RBBN	B	0.02%
HAIN	D	0.02%
DY	B	0.02%
CSTL	D	0.02%
FMBH	C	0.02%
ZUMZ	B	0.02%
EDIT	F	0.02%
NWPX	D	0.02%
NFBK	C	0.02%
AMTB	C	0.02%
GLRE	D	0.02%
THFF	C	0.02%
BGSF	C	0.01%
CPS	D	0.01%
MCBS	B	0.01%
OPBK	C	0.01%
CZWI	B	0.01%
UBFO	D	0.01%
HMST	B	0.01%
ESCA	D	0.01%
VYGR	F	0.01%
ELMD	C	0.01%
AXTI	C	0.01%
AMSWA	D	0.01%
RVSB	D	0.01%
LNN	D	0.01%
SRCL	A	0.01%
ALOT	D	0.01%
TPB	B	0.01%
CHMG	B	0.01%
CRNC	F	0.01%
SGA	F	0.01%
SIGA	C	0.01%
SPOK	C	0.01%
PCB	C	0.01%
ALTO	F	0.01%
FUNC	C	0.01%
ASUR	C	0.01%
TR	C	0.01%
GIFI	C	0.01%
SHYF	F	0.01%
FONR	D	0.01%
NUVB	D	0.01%
WOW	C	0.01%
IVAC	D	0.01%
UFI	F	0.01%
MLNK	B	0.01%
MPAA	C	0.01%
RGNX	F	0.01%
KIDS	D	0.01%
DJCO	A	0.01%
HURC	F	0.01%
PARA	D	0.01%
TWIN	D	0.01%
CATO	D	0.01%
NATR	D	0.01%
PFIS	B	0.01%
BELFA	B	0.01%
TTSH	B	0.01%
MG	C	0.01%
CBAN	B	0.01%
DO	B	0.01%
BLDE	B	0.01%
PHX	C	0.01%
VIRC	B	0.01%
AOUT	C	0.01%
DXLG	C	0.01%
III	D	0.01%
AE	D	0.01%
WNEB	C	0.01%
ALLO	F	0.01%
CVLY	B	0.01%
CVGI	F	0.01%
CCCC	F	0.01%
WLDN	C	0.01%
LASR	F	0.01%
UEIC	C	0.01%
HBB	D	0.01%
ORGO	D	0.01%
USAP	C	0.01%
BFIN	B	0.01%
MCRI	C	0.01%
CTOS	F	0.01%
PWSC	B	0.01%
INTT	D	0.01%
HBIO	F	0.01%
RMAX	F	0.01%
FLIC	C	0.01%
TBRG	B	0.01%
JAKK	D	0.01%
YELP	F	0.01%
VMEO	F	0.01%
CRBU	F	0.01%
GRWG	F	0.01%
BCML	C	0.01%
EVC	D	0.01%
RNA	B	0.01%
KNF	C	0.01%
OPY	A	0.01%
LSEA	F	0.01%
HIFS	B	0.01%
CENX	C	0.01%
TLYS	D	0.01%
CDLX	F	0.01%
RNGR	C	0.01%
STRS	C	0.01%
GPRO	F	0.01%
NTIC	C	0.01%
LEGH	C	0.01%
PKE	D	0.01%
FULC	F	0.01%
FET	F	0.01%
CLAR	D	0.01%
JRVR	F	0.01%
BLFY	C	0.01%
RLAY	F	0.01%
EPM	F	0.01%
ACNB	C	0.01%
PKBK	D	0.01%
FRBA	B	0.01%
SAGE	F	0.01%
IMMR	B	0.01%
BSET	D	0.01%
CVEO	D	0.01%
CRSR	F	0.01%
EML	C	0.01%
WOOF	C	0.01%
BOH	D	0.01%
EBTC	D	0.01%
AVNW	F	0.01%
MPB	C	0.01%
ULBI	C	0.01%
QUAD	B	0.01%
FNKO	B	0.01%
TG	D	0.01%
ANGO	F	0.01%
MLAB	D	0.01%
BANF	D	0.01%
LXFR	C	0.01%
PENN	C	0.01%
LCUT	F	0.01%
LINC	B	0.01%
EHTH	F	0.01%
MX	D	0.01%
BCBP	C	0.01%
EGY	B	0.01%
BBW	D	0.01%
UTMD	F	0.01%
RELL	B	0.01%
PKOH	D	0.01%
SPFI	C	0.01%
LXU	F	0.01%
IMAX	B	0.01%
VIR	F	0.01%
CFFI	C	0.01%
SSYS	F	0.01%
KODK	B	0.01%
FSBW	B	0.01%
HOFT	F	0.01%
SWK	D	0.01%
SSP	F	0.01%
TWI	F	0.01%
AMRC	D	0.01%
GSM	C	0.01%
ALV	C	0.01%
NC	F	0.01%
BWB	C	0.01%
ADV	D	0.01%
BMRC	C	0.01%
HII	D	0.01%
DBRG	D	0.01%
ALCO	D	0.01%
SFST	C	0.01%
LAKE	B	0.01%
FATE	F	0.01%
CEVA	F	0.01%
NGVT	F	0.01%
GMED	A	0.01%
FORM	A	0.01%
HBCP	B	0.01%
VNDA	C	0.01%
FMNB	C	0.01%
GDYN	C	0.01%
INBK	C	0.01%
CNSL	B	0.01%
IPGP	D	0.01%
MEC	B	0.01%
CPSS	B	0.01%
VSAT	F	0.01%
JJSF	B	0.01%
CZNC	D	0.01%
FSTR	D	0.01%
ATRO	B	0.01%
GNTY	B	0.01%
APEI	C	0.01%
TSBK	C	0.01%
SYBT	B	0.01%
FLXS	C	0.01%
ICUI	B	0.01%
GENC	C	0.01%
QTRX	F	0.01%
HRTG	F	0.01%
FRST	C	0.01%
SMBK	B	0.01%
BHRB	F	0.01%
ACTG	C	0.01%
ONTF	D	0.01%
AMCX	F	0.01%
RBB	C	0.01%
SOI	C	0.01%
HNRG	C	0.01%
CGEM	D	0.01%
FWRG	F	0.01%
FARO	D	0.01%
TCMD	D	0.01%
AVD	F	0.01%
RM	C	0.01%
GATO	D	0.01%
AVO	D	0.01%
PLOW	F	0.01%
AMG	D	0.01%
SLNG	F	0.0%
FGBI	D	0.0%
CHCI	D	0.0%
AWX	D	0.0%
RDI	D	0.0%
RBKB	B	0.0%
CVV	F	0.0%
HFBL	F	0.0%
MFIN	C	0.0%
LUMO	F	0.0%
IROQ	D	0.0%
ELSE	D	0.0%
OPOF	C	0.0%
WMPN	D	0.0%
NCSM	D	0.0%
FUSB	D	0.0%
CMBM	F	0.0%
CKX	D	0.0%
NHTC	B	0.0%
FMC	F	0.0%
UEC	D	0.0%
ARTW	D	0.0%
ISDR	F	0.0%
SCKT	F	0.0%
CDXS	D	0.0%
HOWL	F	0.0%
AMS	D	0.0%
CIZN	C	0.0%
NSYS	C	0.0%
CODA	F	0.0%
TKNO	F	0.0%
EDUC	D	0.0%
SSBI	F	0.0%
LTRN	F	0.0%
NTIP	F	0.0%
PFMT	F	0.0%
FCAP	B	0.0%
IPSC	F	0.0%
GORV	F	0.0%
DLA	F	0.0%
KOSS	B	0.0%
LL	F	0.0%
EVI	D	0.0%
WVVI	F	0.0%
OPHC	C	0.0%
CRWS	D	0.0%
CARV	F	0.0%
DSGN	D	0.0%
OB	B	0.0%
CFBK	D	0.0%
AUBN	D	0.0%
TLF	D	0.0%
PBHC	B	0.0%
BRBS	F	0.0%
COHN	D	0.0%
AAME	F	0.0%
WHLM	B	0.0%
FNCB	B	0.0%
HVT	F	0.0%
ORMP	B	0.0%
MTEX	F	0.0%
PMCB	F	0.0%
TAIT	F	0.0%
COFS	B	0.0%
ABIO	B	0.0%
GROW	D	0.0%
SKLZ	C	0.0%
RAPT	F	0.0%
TAYD	C	0.0%
PALT	B	0.0%
SFBC	B	0.0%
NTWK	D	0.0%
FXNC	C	0.0%
SIF	D	0.0%
UNB	D	0.0%
LSBK	C	0.0%
PDEX	F	0.0%
INFU	F	0.0%
LFVN	F	0.0%
STKS	D	0.0%
BRID	F	0.0%
HNNA	B	0.0%
LSF	B	0.0%
PPSI	C	0.0%
ELDN	D	0.0%
RFL	F	0.0%
PRLD	D	0.0%
UBCP	B	0.0%
FKWL	B	0.0%
GTN.A	B	0.0%
FNWD	C	0.0%
OCC	F	0.0%
RMBI	B	0.0%
ABSI	D	0.0%
ATRI	B	0.0%
RMBL	F	0.0%
FINW	D	0.0%
TRT	C	0.0%
LIVE	F	0.0%
PBFS	B	0.0%
CVR	F	0.0%
HHS	A	0.0%
EBMT	C	0.0%
ORIC	D	0.0%
AFBI	A	0.0%
FPH	D	0.0%
CNTY	F	0.0%
CBFV	C	0.0%
ICCC	F	0.0%
SGMA	B	0.0%
ARKO	C	0.0%
CZFS	D	0.0%
ISSC	F	0.0%
JRSH	D	0.0%
BOTJ	C	0.0%
RZLT	B	0.0%
MXC	C	0.0%
UONEK	F	0.0%
SRTS	B	0.0%
ZDGE	C	0.0%
TSRI	A	0.0%
INST	C	0.0%
SND	C	0.0%
OOMA	C	0.0%
PSTX	C	0.0%
FCCO	D	0.0%
FSFG	B	0.0%
TNYA	F	0.0%
ESOA	B	0.0%
GTIM	F	0.0%
HPK	C	0.0%
DIBS	D	0.0%
FLL	C	0.0%
CXDO	F	0.0%
OLMA	D	0.0%
BSVN	B	0.0%
BCAB	F	0.0%
BCOV	C	0.0%
HFFG	F	0.0%
UONE	F	0.0%
MHH	F	0.0%
LGL	C	0.0%
CPIX	D	0.0%
AP	F	0.0%
UTHR	B	0.0%
SBFG	B	0.0%
BIG	F	0.0%
ICD	F	0.0%
DIT	D	0.0%
MPX	F	0.0%
GDEN	F	0.0%
WYY	B	0.0%
RDIB	D	0.0%
HEAR	D	0.0%
SVT	D	0.0%
APPS	F	0.0%
TCS	F	0.0%
DGICB	F	0.0%
MCW	F	0.0%
PYXS	F	0.0%
PFIE	D	0.0%
GBIO	F	0.0%
APT	B	0.0%
SWKH	D	0.0%
MRBK	C	0.0%
OVBC	F	0.0%
MNTX	F	0.0%
MBCN	C	0.0%
VICR	F	0.0%
TACT	F	0.0%
OPRX	F	0.0%
VABK	B	0.0%
METCB	D	0.0%
LARK	B	0.0%
MRAM	D	0.0%
INGN	C	0.0%
GLUE	D	0.0%
COOK	F	0.0%
SENEB	B	0.0%
MGYR	B	0.0%
GLT	F	0.0%
RFIL	B	0.0%
PLRX	F	0.0%
NL	D	0.0%
MNTK	C	0.0%
CIA	D	0.0%
PETS	F	0.0%
AWRE	B	0.0%
RSVR	C	0.0%
NEXA	B	0.0%
CIFR	B	0.0%
STRO	F	0.0%
CTLT	B	0.0%
INVE	F	0.0%
ENZ	F	0.0%
NKSH	C	0.0%
BEN	D	0.0%
DAIO	D	0.0%
BLUE	F	0.0%
CSPI	B	0.0%
SFBS	C	0.0%
SCWX	B	0.0%
GSIT	F	0.0%
NODK	D	0.0%
PRTS	F	0.0%
DOUG	F	0.0%
CONN	F	0.0%
NAII	F	0.0%
TLS	C	0.0%
CIX	F	0.0%
USPH	D	0.0%
LBRDP	B	0.0%
HSON	B	0.0%
BDTX	D	0.0%
ERAS	C	0.0%
COLM	D	0.0%
CPHC	D	0.0%
FMAO	B	0.0%
ITI	D	0.0%
CMLS	F	0.0%
KOD	F	0.0%
FIGS	D	0.0%
NWFL	F	0.0%
BWEN	B	0.0%
LMB	B	0.0%
IBEX	C	0.0%
EGHT	D	0.0%
CYRX	F	0.0%
DLTH	F	0.0%
OFIX	D	0.0%
FNWB	D	0.0%
TSQ	C	0.0%
ASRV	D	0.0%
MYPS	F	0.0%
LNSR	B	0.0%
PWOD	C	0.0%
HLIT	B	0.0%
AC	D	0.0%
ARKR	F	0.0%
POWL	C	0.0%
LQDT	B	0.0%
FVCB	D	0.0%
GAMB	D	0.0%
SBT	C	0.0%
WHG	C	0.0%
LCNB	D	0.0%
GAIA	B	0.0%
BDL	C	0.0%
FARM	F	0.0%
CTKB	D	0.0%
RRBI	C	0.0%
MYFW	C	0.0%
AXR	D	0.0%
GHM	C	0.0%
KTCC	F	0.0%
SNFCA	B	0.0%
ATHA	B	0.0%
DLHC	D	0.0%
EGAN	C	0.0%
PNRG	B	0.0%
SUM	D	0.0%
TUSK	F	0.0%
MASS	F	0.0%
CULP	C	0.0%
ESP	D	0.0%
PVBC	B	0.0%
MVBF	F	0.0%
PEBK	D	0.0%
RCMT	F	0.0%
ISTR	C	0.0%
LMNR	D	0.0%
UPLD	D	0.0%
TASK	C	0.0%
ATLO	C	0.0%
NNBR	D	0.0%
POWW	F	0.0%
AGM	B	0.0%
FREE	A	0.0%
PTLO	F	0.0%
FORR	D	0.0%
STRT	C	0.0%
XNCR	F	0.0%
OPRT	F	0.0%
OSPN	B	0.0%
KVHI	F	0.0%
SRCL	A	0.0%
BILL	F	0.0%
TWST	B	0.0%
TBNK	D	0.0%
REPX	B	0.0%
CMT	F	0.0%
LUNA	D	0.0%
TERN	B	0.0%
NOVA	D	0.0%
VERV	F	0.0%
PROV	D	0.0%
DHX	D	0.0%
HBT	B	0.0%
HWBK	C	0.0%
ANGI	F	0.0%
FEIM	D	0.0%
RMR	D	0.0%
FG	D	0.0%
HMNF	B	0.0%
CMTL	D	0.0%
DOLE	C	0.0%
ACU	D	0.0%
QRHC	C	0.0%
ALRS	D	0.0%
BBSI	B	0.0%
SWIM	F	0.0%
BBCP	F	0.0%
LTRX	D	0.0%
LFST	D	0.0%
GEOS	D	0.0%
PPIH	D	0.0%
PNTG	A	0.0%
ARC	B	0.0%
ASYS	B	0.0%
VOXX	F	0.0%
OABI	F	0.0%
REPL	C	0.0%
EPSN	B	0.0%
SPWH	F	0.0%
UHAL	D	0.0%
KEQU	B	0.0%
BALY	D	0.0%
EVBN	B	0.0%
ASLE	F	0.0%
PRM	B	0.0%
NATH	B	0.0%

DFAT Underweight 128 Positions Relative to JSMD

Symbol	Grade	Weight
APP	A	-3.04%
INCY	C	-2.97%
NBIX	C	-2.85%
HEI	B	-2.72%
MEDP	B	-2.64%
BSY	D	-2.49%
TECH	D	-2.41%
ROL	A	-2.37%
CRL	F	-2.23%
BRKR	F	-1.98%
ENSG	A	-1.44%
HALO	B	-1.4%
LSCC	D	-1.34%
RGLD	C	-1.27%
WMS	D	-1.23%
LNTH	B	-1.19%
SPSC	B	-1.18%
EXP	C	-1.14%
FIX	C	-1.13%
TTEK	C	-1.12%
ERIE	C	-1.12%
OPCH	F	-1.02%
CNM	D	-0.94%
BMI	C	-0.94%
DBX	D	-0.94%
CRVL	B	-0.9%
QLYS	D	-0.88%
IBKR	B	-0.87%
PAYC	F	-0.81%
ACLS	B	-0.79%
FCN	C	-0.75%
PCTY	F	-0.74%
AIT	B	-0.73%
WSC	F	-0.72%
DOCS	C	-0.71%
SSD	F	-0.7%
AAON	B	-0.68%
CORT	B	-0.66%
NYT	A	-0.66%
BOX	D	-0.64%
CASY	B	-0.61%
KNSL	F	-0.59%
CELH	F	-0.57%
SITE	F	-0.56%
PGNY	D	-0.53%
ALRM	C	-0.53%
TNET	F	-0.51%
ELF	B	-0.51%
BJ	B	-0.51%
DOCN	C	-0.5%
WTS	D	-0.49%
EXLS	B	-0.48%
RYAN	B	-0.47%
ATKR	F	-0.47%
DKS	C	-0.47%
FELE	D	-0.44%
STAA	B	-0.44%
BLD	D	-0.44%
WING	B	-0.44%
RLI	D	-0.43%
AMPH	F	-0.42%
UFPT	A	-0.42%
FND	F	-0.41%
CSWI	A	-0.4%
COKE	B	-0.38%
SIGI	F	-0.37%
ZI	F	-0.37%
CPRX	D	-0.37%
HRMY	B	-0.36%
MUSA	B	-0.36%
SFM	B	-0.36%
NFE	F	-0.36%
WTRG	D	-0.34%
REXR	C	-0.34%
KAI	B	-0.33%
CROX	B	-0.33%
NSSC	A	-0.32%
HLNE	B	-0.31%
SLM	C	-0.3%
IESC	C	-0.27%
ETSY	F	-0.25%
MYRG	F	-0.23%
HASI	D	-0.23%
FIVE	F	-0.22%
KNTK	A	-0.21%
ACMR	C	-0.21%
TRNO	B	-0.2%
IBP	C	-0.2%
AESI	C	-0.19%
TGLS	C	-0.19%
ABR	B	-0.18%
IPAR	F	-0.17%
PJT	A	-0.17%
EPRT	A	-0.17%
ARRY	F	-0.16%
PLMR	C	-0.13%
OTTR	C	-0.12%
YETI	F	-0.12%
SHLS	F	-0.11%
IIPR	B	-0.11%
NSA	B	-0.11%
SKWD	C	-0.1%
GSL	B	-0.1%
AWR	D	-0.09%
GSHD	D	-0.09%
CLFD	B	-0.09%
RC	C	-0.09%
VITL	B	-0.08%
KRT	C	-0.06%
RDVT	B	-0.06%
HGTY	A	-0.06%
HCI	D	-0.06%
DCGO	F	-0.06%
BOWL	B	-0.05%
BWMN	C	-0.05%
IMXI	C	-0.04%
PAY	C	-0.03%
TH	D	-0.03%
ARHS	C	-0.03%
PLYM	B	-0.03%
GCBC	B	-0.03%
XPEL	F	-0.03%
BCAL	D	-0.02%
REFI	B	-0.02%
CMPO	B	-0.02%
PCYO	F	-0.01%
PSTL	D	-0.01%
KFS	D	-0.01%