DFSV vs. QVMS ETF Comparison

Comparison of Dimensional US Small Cap Value ETF (DFSV) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

DFSV

Dimensional US Small Cap Value ETF

DFSV Description

Dimensional US Small Cap Value ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of small-cap companies. Dimensional US Small Cap Value ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$28.54

Average Daily Volume

438,092

Number of Holdings ^*

931

* 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 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). 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 ® 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

$24.81

Average Daily Volume

565

Number of Holdings ^*

509

* may have additional holdings in another (foreign) market

Performance

Period	DFSV	QVMS
30 Days	-3.79%	-2.89%
60 Days	-0.71%	-0.04%
90 Days	-2.64%	-1.17%
12 Months	12.41%	8.19%

276 Overlapping Holdings

	Symbol	Grade	Weight in DFSV	Weight in QVMS	Overlap
	AAP	F	0.18%	0.36%	0.18%
	ABCB	B	0.33%	0.3%	0.3%
	ABG	D	0.36%	0.47%	0.36%
	ABM	B	0.42%	0.35%	0.35%
	ACA	D	0.4%	0.4%	0.4%
	ACIW	A	0.08%	0.42%	0.08%
	ADUS	B	0.0%	0.17%	0.0%
	AEO	F	0.16%	0.38%	0.16%
	AGO	B	0.54%	0.41%	0.41%
	AHCO	C	0.03%	0.08%	0.03%
	AIR	B	0.17%	0.24%	0.17%
	ALG	F	0.01%	0.18%	0.01%
	ALGT	F	0.08%	0.08%	0.08%
	ALK	D	0.5%	0.52%	0.5%
	AMBC	F	0.06%	0.06%	0.06%
	AMCX	F	0.03%	0.03%	0.03%
	AMR	C	0.01%	0.33%	0.01%
	AMWD	F	0.13%	0.14%	0.13%
	ANDE	D	0.23%	0.16%	0.16%
	AOSL	A	0.13%	0.07%	0.07%
	ARCB	D	0.17%	0.26%	0.17%
	AROC	C	0.05%	0.26%	0.05%
	ASIX	F	0.06%	0.06%	0.06%
	ASO	F	0.08%	0.42%	0.08%
	ASTE	F	0.06%	0.07%	0.06%
	ATGE	A	0.34%	0.27%	0.27%
	ATNI	D	0.03%	0.03%	0.03%
	AUB	C	0.26%	0.22%	0.22%
	AVNS	C	0.08%	0.09%	0.08%
	AXL	F	0.08%	0.08%	0.08%
	AZZ	D	0.15%	0.2%	0.15%
	B	B	0.28%	0.19%	0.19%
	BANR	B	0.16%	0.15%	0.15%
	BCC	F	0.25%	0.51%	0.25%
	BGS	F	0.03%	0.07%	0.03%
	BHE	B	0.19%	0.14%	0.14%
	BHLB	C	0.1%	0.09%	0.09%
	BJRI	B	0.03%	0.07%	0.03%
	BKU	B	0.2%	0.2%	0.2%
	BRKL	D	0.07%	0.07%	0.07%
	BTU	C	0.28%	0.22%	0.22%
	CAL	D	0.04%	0.11%	0.04%
	CALM	A	0.25%	0.23%	0.23%
	CATY	C	0.24%	0.25%	0.24%
	CCRN	F	0.04%	0.04%	0.04%
	CCS	D	0.34%	0.23%	0.23%
	CEIX	B	0.32%	0.25%	0.25%
	CENTA	D	0.16%	0.23%	0.16%
	CEVA	F	0.01%	0.04%	0.01%
	CFFN	B	0.03%	0.06%	0.03%
	CHUY	F	0.01%	0.04%	0.01%
	CLW	C	0.08%	0.08%	0.08%
	CNSL	B	0.01%	0.03%	0.01%
	CNXN	D	0.08%	0.07%	0.07%
	COHU	C	0.12%	0.15%	0.12%
	CPF	A	0.04%	0.05%	0.04%
	CRC	B	0.33%	0.3%	0.3%
	CRK	D	0.25%	0.1%	0.1%
	CRNC	F	0.01%	0.01%	0.01%
	CRSR	F	0.02%	0.05%	0.02%
	CUBI	C	0.17%	0.13%	0.13%
	CVBF	C	0.13%	0.2%	0.13%
	CWK	C	0.23%	0.18%	0.18%
	DAN	F	0.17%	0.16%	0.16%
	DBI	F	0.02%	0.03%	0.02%
	DCOM	B	0.07%	0.06%	0.06%
	DGII	D	0.07%	0.08%	0.07%
	DIOD	F	0.22%	0.33%	0.22%
	DLX	B	0.07%	0.1%	0.07%
	DNOW	C	0.12%	0.14%	0.12%
	DRQ	F	0.06%	0.06%	0.06%
	DXC	C	0.35%	0.38%	0.35%
	DXPE	D	0.06%	0.06%	0.06%
	ECPG	D	0.1%	0.1%	0.1%
	EGBN	D	0.04%	0.05%	0.04%
	EIG	C	0.14%	0.11%	0.11%
	ENVA	C	0.07%	0.18%	0.07%
	EPC	B	0.24%	0.2%	0.2%
	ESE	D	0.01%	0.27%	0.01%
	ETD	D	0.09%	0.06%	0.06%
	EYE	F	0.04%	0.1%	0.04%
	EZPW	C	0.07%	0.05%	0.05%
	FBK	C	0.06%	0.12%	0.06%
	FBNC	C	0.09%	0.12%	0.09%
	FCF	C	0.1%	0.13%	0.1%
	FDP	F	0.14%	0.07%	0.07%
	FFBC	C	0.23%	0.19%	0.19%
	FHB	C	0.24%	0.25%	0.24%
	FL	D	0.23%	0.29%	0.23%
	FLGT	F	0.01%	0.04%	0.01%
	FUL	D	0.05%	0.42%	0.05%
	FULT	C	0.34%	0.26%	0.26%
	GBX	D	0.21%	0.15%	0.15%
	GDEN	F	0.02%	0.07%	0.02%
	GDOT	F	0.03%	0.04%	0.03%
	GES	F	0.04%	0.05%	0.04%
	GIII	F	0.12%	0.13%	0.12%
	GMS	F	0.13%	0.33%	0.13%
	GNW	D	0.32%	0.26%	0.26%
	GPI	D	0.51%	0.42%	0.42%
	GPRE	F	0.04%	0.1%	0.04%
	GRBK	B	0.04%	0.16%	0.04%
	GVA	B	0.09%	0.26%	0.09%
	HAFC	B	0.04%	0.04%	0.04%
	HAYN	C	0.07%	0.07%	0.07%
	HAYW	F	0.07%	0.17%	0.07%
	HCC	A	0.04%	0.3%	0.04%
	HCSG	C	0.04%	0.07%	0.04%
	HFWA	D	0.05%	0.05%	0.05%
	HI	F	0.19%	0.28%	0.19%
	HIBB	A	0.01%	0.12%	0.01%
	HLX	A	0.18%	0.14%	0.14%
	HMN	D	0.04%	0.14%	0.04%
	HNI	C	0.06%	0.21%	0.06%
	HOPE	C	0.1%	0.12%	0.1%
	HP	D	0.38%	0.33%	0.33%
	HSII	D	0.05%	0.07%	0.05%
	HSTM	B	0.01%	0.07%	0.01%
	HTLD	C	0.08%	0.06%	0.06%
	HUBG	B	0.35%	0.26%	0.26%
	HVT	F	0.05%	0.03%	0.03%
	HZO	C	0.08%	0.07%	0.07%
	IBTX	B	0.16%	0.14%	0.14%
	ICHR	C	0.01%	0.1%	0.01%
	IIIN	F	0.04%	0.06%	0.04%
	INDB	D	0.17%	0.2%	0.17%
	INVA	A	0.11%	0.09%	0.09%
	IOSP	D	0.0%	0.3%	0.0%
	ITGR	D	0.13%	0.36%	0.13%
	JBLU	C	0.19%	0.17%	0.17%
	JBT	F	0.09%	0.32%	0.09%
	JXN	B	0.58%	0.48%	0.48%
	KALU	D	0.06%	0.14%	0.06%
	KAR	C	0.16%	0.16%	0.16%
	KELYA	D	0.06%	0.07%	0.06%
	KFY	B	0.34%	0.35%	0.34%
	KMT	F	0.16%	0.18%	0.16%
	KN	B	0.12%	0.15%	0.12%
	KOP	F	0.05%	0.08%	0.05%
	KSS	F	0.25%	0.25%	0.25%
	LBRT	D	0.31%	0.3%	0.3%
	LCII	F	0.15%	0.27%	0.15%
	LGIH	F	0.23%	0.19%	0.19%
	LGND	B	0.01%	0.14%	0.01%
	LPG	D	0.23%	0.14%	0.14%
	LRN	B	0.12%	0.27%	0.12%
	LZB	B	0.16%	0.17%	0.16%
	MATW	F	0.05%	0.07%	0.05%
	MATX	B	0.47%	0.45%	0.45%
	MCS	D	0.03%	0.03%	0.03%
	MD	F	0.05%	0.07%	0.05%
	MERC	F	0.04%	0.03%	0.03%
	MGPI	F	0.05%	0.12%	0.05%
	MLAB	F	0.02%	0.05%	0.02%
	MLI	C	0.07%	0.64%	0.07%
	MLKN	C	0.16%	0.19%	0.16%
	MMI	F	0.05%	0.08%	0.05%
	MNRO	D	0.04%	0.08%	0.04%
	MODG	D	0.26%	0.22%	0.22%
	MOG.A	D	0.01%	0.47%	0.01%
	MOV	D	0.05%	0.04%	0.04%
	MRCY	D	0.12%	0.15%	0.12%
	MRTN	C	0.11%	0.1%	0.1%
	MTX	B	0.26%	0.27%	0.26%
	MYE	F	0.01%	0.04%	0.01%
	NAVI	F	0.16%	0.12%	0.12%
	NBHC	A	0.1%	0.13%	0.1%
	NBR	D	0.01%	0.06%	0.01%
	NBTB	B	0.03%	0.16%	0.03%
	NEO	D	0.0%	0.16%	0.0%
	NFBK	C	0.04%	0.03%	0.03%
	NHC	A	0.16%	0.15%	0.15%
	NMIH	A	0.11%	0.27%	0.11%
	NOG	C	0.1%	0.33%	0.1%
	NPK	D	0.04%	0.04%	0.04%
	NPO	D	0.04%	0.3%	0.04%
	NTCT	D	0.14%	0.14%	0.14%
	NUS	F	0.02%	0.06%	0.02%
	NVRI	B	0.06%	0.07%	0.06%
	NWBI	B	0.15%	0.14%	0.14%
	NWL	F	0.13%	0.25%	0.13%
	NX	F	0.08%	0.09%	0.08%
	ODP	D	0.19%	0.14%	0.14%
	OFG	A	0.07%	0.16%	0.07%
	OI	F	0.15%	0.18%	0.15%
	OMCL	F	0.04%	0.11%	0.04%
	OMI	F	0.09%	0.13%	0.09%
	OSUR	F	0.03%	0.03%	0.03%
	PAHC	B	0.02%	0.03%	0.02%
	PARR	D	0.03%	0.14%	0.03%
	PATK	C	0.1%	0.24%	0.1%
	PBH	B	0.1%	0.33%	0.1%
	PCRX	D	0.1%	0.13%	0.1%
	PDCO	F	0.0%	0.21%	0.0%
	PFS	D	0.2%	0.1%	0.1%
	PHIN	D	0.04%	0.18%	0.04%
	PINC	F	0.18%	0.22%	0.18%
	PLAB	F	0.19%	0.15%	0.15%
	PLUS	C	0.06%	0.2%	0.06%
	PLXS	D	0.07%	0.28%	0.07%
	PPBI	C	0.2%	0.19%	0.19%
	PRA	F	0.06%	0.06%	0.06%
	PRAA	F	0.05%	0.08%	0.05%
	PRDO	D	0.14%	0.14%	0.14%
	PRLB	F	0.03%	0.07%	0.03%
	PSMT	D	0.1%	0.2%	0.1%
	PUMP	F	0.09%	0.07%	0.07%
	RDN	B	0.04%	0.46%	0.04%
	RES	F	0.1%	0.05%	0.05%
	REX	D	0.09%	0.07%	0.07%
	REZI	D	0.28%	0.28%	0.28%
	RGP	F	0.04%	0.03%	0.03%
	RNST	C	0.16%	0.16%	0.16%
	ROCK	F	0.07%	0.22%	0.07%
	ROG	D	0.13%	0.2%	0.13%
	RUSHA	F	0.25%	0.26%	0.25%
	SAH	D	0.11%	0.08%	0.08%
	SANM	B	0.49%	0.36%	0.36%
	SATS	B	0.12%	0.2%	0.12%
	SBCF	C	0.11%	0.18%	0.11%
	SBH	D	0.02%	0.12%	0.02%
	SCHL	D	0.12%	0.1%	0.1%
	SCL	D	0.16%	0.18%	0.16%
	SCSC	D	0.11%	0.11%	0.11%
	SCVL	B	0.14%	0.07%	0.07%
	SFNC	C	0.19%	0.19%	0.19%
	SHEN	C	0.04%	0.08%	0.04%
	SIG	F	0.16%	0.42%	0.16%
	SKYW	B	0.39%	0.3%	0.3%
	SLCA	B	0.05%	0.12%	0.05%
	SM	D	0.42%	0.54%	0.42%
	SMP	F	0.06%	0.06%	0.06%
	SNCY	C	0.05%	0.05%	0.05%
	SPNT	D	0.12%	0.11%	0.11%
	SPTN	F	0.07%	0.06%	0.06%
	STBA	B	0.11%	0.12%	0.11%
	STC	C	0.1%	0.16%	0.1%
	STRA	D	0.26%	0.24%	0.24%
	SUPN	F	0.11%	0.14%	0.11%
	SXC	C	0.11%	0.08%	0.08%
	TALO	D	0.12%	0.15%	0.12%
	TDS	B	0.21%	0.19%	0.19%
	THRY	F	0.01%	0.05%	0.01%
	THS	C	0.19%	0.18%	0.18%
	TILE	D	0.05%	0.09%	0.05%
	TMP	C	0.02%	0.05%	0.02%
	TPH	D	0.47%	0.36%	0.36%
	TRMK	C	0.16%	0.17%	0.16%
	TRN	C	0.14%	0.25%	0.14%
	TRST	C	0.05%	0.05%	0.05%
	TTEC	F	0.01%	0.02%	0.01%
	TTMI	B	0.27%	0.2%	0.2%
	TWI	D	0.03%	0.04%	0.03%
	UCBI	D	0.26%	0.29%	0.26%
	UCTT	A	0.02%	0.2%	0.02%
	UFCS	D	0.03%	0.04%	0.03%
	UNF	B	0.24%	0.23%	0.23%
	UNFI	C	0.03%	0.1%	0.03%
	URBN	B	0.44%	0.25%	0.25%
	USNA	F	0.04%	0.05%	0.04%
	UVV	D	0.16%	0.11%	0.11%
	VBTX	C	0.09%	0.1%	0.09%
	VREX	F	0.06%	0.06%	0.06%
	VSAT	F	0.0%	0.11%	0.0%
	VSTO	B	0.06%	0.19%	0.06%
	VSTS	F	0.03%	0.16%	0.03%
	VTOL	B	0.08%	0.08%	0.08%
	WAFD	C	0.21%	0.17%	0.17%
	WGO	F	0.17%	0.18%	0.17%
	WIRE	A	0.02%	0.49%	0.02%
	WNC	D	0.04%	0.1%	0.04%
	WOR	F	0.08%	0.15%	0.08%
	WS	C	0.06%	0.1%	0.06%
	WSFS	B	0.25%	0.26%	0.25%
	XRX	F	0.15%	0.17%	0.15%
	ZEUS	F	0.06%	0.05%	0.05%

DFSV Overweight 655 Positions Relative to QVMS

	Symbol	Grade	Weight
	AMKR	B	0.76%
	CMC	C	0.68%
	TMHC	D	0.67%
	PVH	F	0.67%
	MHK	D	0.67%
	KEX	B	0.64%
	FNB	C	0.63%
	AVT	C	0.62%
	MUR	D	0.61%
	MTG	B	0.59%
	AL	D	0.58%
	DTM	A	0.58%
	PBF	D	0.56%
	SWN	D	0.56%
	IVZ	D	0.54%
	ONB	C	0.51%
	M	D	0.51%
	POST	C	0.51%
	WAL	C	0.5%
	CNX	D	0.5%
	STNG	B	0.49%
	INGR	D	0.49%
	AA	C	0.48%
	THO	D	0.48%
	PB	C	0.47%
	OZK	D	0.47%
	FYBR	B	0.47%
	ASH	D	0.46%
	PNFP	C	0.46%
	ESNT	B	0.45%
	JHG	B	0.45%
	CADE	C	0.45%
	WTM	C	0.45%
	ARW	D	0.44%
	ST	D	0.42%
	GATX	C	0.42%
	ESI	B	0.42%
	FHN	C	0.42%
	WTFC	C	0.42%
	R	B	0.42%
	COHR	B	0.41%
	OSK	D	0.41%
	NOV	C	0.41%
	UBSI	D	0.41%
	AR	D	0.41%
	AXS	B	0.4%
	RIG	F	0.4%
	ASB	C	0.4%
	HUN	F	0.4%
	MDU	C	0.39%
	WCC	D	0.39%
	GTES	D	0.39%
	MTDR	D	0.38%
	HWC	C	0.38%
	ZION	C	0.38%
	CHRD	C	0.38%
	LAD	D	0.38%
	HOG	F	0.37%
	VSH	F	0.37%
	WBS	C	0.36%
	AVNT	D	0.36%
	ESGR	A	0.36%
	ALIT	F	0.36%
	PRGO	D	0.35%
	X	C	0.33%
	BWA	F	0.33%
	SEB	D	0.33%
	DNB	D	0.33%
	NNI	C	0.33%
	TCBI	C	0.32%
	MAN	D	0.32%
	GT	F	0.32%
	BOKF	C	0.32%
	SSB	D	0.31%
	LTH	B	0.31%
	DAR	D	0.31%
	HL	D	0.31%
	BPOP	C	0.31%
	GHC	D	0.3%
	CLF	D	0.3%
	VLY	D	0.3%
	LEA	F	0.3%
	JLL	B	0.3%
	INSW	B	0.29%
	GPS	B	0.27%
	ENOV	F	0.27%
	ADTN	D	0.27%
	KNX	C	0.27%
	AZTA	D	0.27%
	DHT	D	0.26%
	SRCL	A	0.26%
	SNV	A	0.25%
	TROX	D	0.25%
	FIBK	C	0.25%
	VAC	F	0.24%
	ZD	F	0.24%
	ADNT	F	0.24%
	RRC	D	0.24%
	CIVI	D	0.24%
	XRAY	F	0.24%
	JAZZ	F	0.23%
	BERY	D	0.23%
	ELAN	D	0.23%
	MIR	B	0.22%
	XPRO	B	0.22%
	TGNA	D	0.22%
	LBRDK	C	0.22%
	BIO	F	0.22%
	WMK	D	0.22%
	PRIM	C	0.22%
	NJR	C	0.21%
	SKX	C	0.21%
	WERN	F	0.21%
	USM	B	0.21%
	GPOR	D	0.21%
	TNK	B	0.21%
	IPGP	F	0.2%
	ACT	B	0.2%
	NVST	F	0.2%
	ORA	C	0.2%
	CMRE	B	0.2%
	FAF	D	0.19%
	NEOG	C	0.19%
	COLB	C	0.19%
	EBC	B	0.19%
	SFL	C	0.19%
	GEF	F	0.19%
	CMA	C	0.19%
	SNDR	B	0.19%
	WSBC	C	0.18%
	ARCH	C	0.18%
	AGCO	F	0.18%
	BHF	D	0.18%
	PPC	A	0.17%
	HTLF	B	0.17%
	FA	D	0.16%
	FRME	C	0.16%
	HELE	F	0.16%
	CLVT	F	0.16%
	APA	D	0.16%
	TOWN	C	0.16%
	BILL	F	0.16%
	FOR	F	0.15%
	ASGN	D	0.14%
	CABO	F	0.14%
	LILAK	A	0.14%
	ICUI	C	0.14%
	UA	D	0.14%
	SGRY	F	0.14%
	DK	D	0.13%
	BUSE	C	0.13%
	IMKTA	F	0.13%
	PEBO	C	0.13%
	SCS	B	0.12%
	EFSC	B	0.12%
	NWLI	A	0.12%
	UMBF	C	0.11%
	NMRK	D	0.11%
	SWI	B	0.11%
	HLIO	D	0.11%
	KBH	C	0.11%
	HGV	D	0.11%
	GXO	D	0.11%
	ENS	B	0.11%
	VCYT	C	0.11%
	WTTR	B	0.1%
	ECVT	F	0.1%
	PTVE	F	0.1%
	TRS	D	0.1%
	BMBL	F	0.1%
	ASC	B	0.1%
	MGNI	B	0.1%
	GO	D	0.1%
	CMCO	F	0.1%
	BV	C	0.1%
	CPA	D	0.1%
	DCO	B	0.1%
	PLYA	D	0.09%
	LC	C	0.09%
	GNK	C	0.09%
	LAUR	C	0.09%
	LEG	F	0.08%
	QCRH	C	0.08%
	TCBK	B	0.08%
	ATSG	D	0.08%
	MLR	C	0.08%
	BXC	F	0.08%
	CRGY	B	0.08%
	JELD	F	0.08%
	TK	B	0.08%
	SASR	B	0.08%
	OCFC	C	0.08%
	UAA	D	0.08%
	NXST	C	0.08%
	ETWO	C	0.07%
	NAT	B	0.07%
	PRM	B	0.07%
	OBK	C	0.07%
	PFC	C	0.07%
	REVG	C	0.07%
	RCM	B	0.07%
	IART	C	0.07%
	NR	B	0.07%
	MBWM	B	0.07%
	CDE	B	0.07%
	VSEC	B	0.07%
	KE	F	0.07%
	EBF	B	0.07%
	MIDD	F	0.07%
	GLDD	C	0.06%
	PFSI	B	0.06%
	PLPC	F	0.06%
	MRC	C	0.06%
	RBCAA	C	0.06%
	RYI	F	0.06%
	UVSP	A	0.06%
	BY	A	0.06%
	CZR	C	0.06%
	SOFI	F	0.06%
	SRCL	A	0.06%
	SBLK	C	0.06%
	CNOB	C	0.06%
	TRC	C	0.05%
	KRO	C	0.05%
	SBOW	B	0.05%
	SWBI	D	0.05%
	DNUT	F	0.05%
	BRY	D	0.05%
	ZUMZ	B	0.05%
	MOS	F	0.05%
	MSGE	D	0.05%
	UFPI	D	0.05%
	MBUU	F	0.05%
	VPG	F	0.05%
	RDUS	F	0.05%
	FBMS	C	0.05%
	MSBI	D	0.05%
	TPC	B	0.05%
	HOMB	C	0.05%
	HTZ	F	0.05%
	IBOC	C	0.05%
	CACI	B	0.05%
	NAPA	F	0.05%
	RCKY	B	0.04%
	MATV	D	0.04%
	GCI	B	0.04%
	WHR	C	0.04%
	KRNY	C	0.04%
	PGC	C	0.04%
	HONE	B	0.04%
	HTBI	B	0.04%
	AMAL	A	0.04%
	TITN	F	0.04%
	GSM	C	0.04%
	HTBK	C	0.04%
	AMTB	C	0.04%
	NIC	C	0.04%
	THFF	D	0.04%
	NWPX	D	0.04%
	BSRR	A	0.04%
	CTOS	F	0.04%
	TKR	D	0.04%
	DAKT	B	0.04%
	OSG	A	0.04%
	CFB	B	0.04%
	ACCO	F	0.04%
	HBNC	C	0.04%
	CENT	F	0.04%
	PACK	D	0.04%
	THR	D	0.04%
	GLRE	C	0.04%
	CTBI	C	0.04%
	LBRDA	C	0.04%
	GTN	D	0.04%
	OIS	D	0.03%
	NGVC	B	0.03%
	LOVE	F	0.03%
	USAP	D	0.03%
	FLWS	C	0.03%
	BOOM	C	0.03%
	ORN	C	0.03%
	BHRB	D	0.03%
	PKOH	D	0.03%
	LXU	F	0.03%
	FISI	B	0.03%
	GCO	F	0.03%
	SRI	F	0.03%
	AAN	B	0.03%
	LEGH	C	0.03%
	AVO	F	0.03%
	EGY	C	0.03%
	CAC	B	0.03%
	DOLE	C	0.03%
	ZIMV	B	0.03%
	FRPH	D	0.03%
	TBI	F	0.03%
	WASH	C	0.03%
	FMC	D	0.03%
	IPI	D	0.03%
	JOUT	F	0.03%
	VLGEA	C	0.03%
	IAS	C	0.03%
	BFST	C	0.03%
	LOCO	B	0.03%
	RM	C	0.03%
	BOC	F	0.03%
	DGICA	F	0.03%
	VMEO	C	0.03%
	MTW	F	0.03%
	FFIC	B	0.03%
	BHB	C	0.03%
	LILA	A	0.03%
	SRCE	B	0.03%
	FMBH	C	0.03%
	CATC	B	0.03%
	CVEO	D	0.02%
	SOI	C	0.02%
	MOFG	B	0.02%
	MG	C	0.02%
	FRBA	B	0.02%
	WEYS	C	0.02%
	GSBC	B	0.02%
	RBB	C	0.02%
	FLIC	C	0.02%
	MEC	B	0.02%
	FLXS	C	0.02%
	HOFT	D	0.02%
	INBK	C	0.02%
	CNDT	D	0.02%
	MPB	C	0.02%
	BSET	D	0.02%
	CFFI	C	0.02%
	TSBK	C	0.02%
	TWLO	D	0.02%
	ALCO	D	0.02%
	BCML	C	0.02%
	CLFD	B	0.02%
	ASLE	F	0.02%
	MCFT	F	0.02%
	NC	F	0.02%
	LCUT	F	0.02%
	FSTR	F	0.02%
	FF	B	0.02%
	ANET	A	0.02%
	ORRF	C	0.02%
	NTGR	B	0.02%
	ANGO	F	0.02%
	BBCP	F	0.02%
	PYCR	D	0.02%
	HMST	B	0.02%
	FBIZ	B	0.02%
	HOV	D	0.02%
	ADV	D	0.02%
	RNGR	D	0.02%
	FRST	C	0.02%
	LGF.A	C	0.02%
	CIVB	C	0.02%
	ASUR	B	0.02%
	CMP	F	0.02%
	RYAM	B	0.02%
	CHGG	F	0.02%
	CTRN	F	0.02%
	VNDA	B	0.02%
	BMRC	C	0.02%
	GENC	D	0.02%
	LAKE	B	0.02%
	AVD	F	0.02%
	EQBK	A	0.02%
	SMHI	B	0.02%
	RLGT	C	0.02%
	MEI	F	0.02%
	BAND	C	0.02%
	BKD	C	0.02%
	SMBK	B	0.02%
	ULH	C	0.02%
	HBCP	B	0.02%
	LSEA	F	0.02%
	HRTG	F	0.02%
	PANL	B	0.02%
	HNRG	C	0.02%
	OSBC	C	0.02%
	AMPY	C	0.02%
	RBBN	C	0.02%
	CCNE	B	0.02%
	KODK	B	0.02%
	NGS	C	0.02%
	WSBF	B	0.02%
	IBCP	C	0.02%
	BELFB	B	0.02%
	RUN	D	0.02%
	AMPS	D	0.02%
	SPFI	C	0.01%
	ACTG	D	0.01%
	ACDC	F	0.01%
	ANGI	D	0.01%
	OPBK	C	0.01%
	NEXA	B	0.01%
	EPM	D	0.01%
	FORR	D	0.01%
	LYTS	D	0.01%
	INTT	D	0.01%
	CPS	F	0.01%
	NATR	F	0.01%
	CBAN	B	0.01%
	RIOT	D	0.01%
	TEX	D	0.01%
	EBTC	D	0.01%
	LTRX	D	0.01%
	CZNC	D	0.01%
	EVC	F	0.01%
	CATO	D	0.01%
	KW	C	0.01%
	ODC	F	0.01%
	RVSB	C	0.01%
	WLFC	B	0.01%
	CMTL	D	0.01%
	ARC	C	0.01%
	PHX	C	0.01%
	GNTY	B	0.01%
	POWW	F	0.01%
	TCMD	F	0.01%
	CVGI	F	0.01%
	HDSN	F	0.01%
	UBFO	D	0.01%
	REPX	B	0.01%
	BWB	C	0.01%
	PKBK	C	0.01%
	TCBX	C	0.01%
	NECB	A	0.01%
	SPWH	F	0.01%
	DHX	D	0.01%
	VRA	F	0.01%
	FONR	C	0.01%
	SGC	B	0.01%
	CCBG	B	0.01%
	STRT	C	0.01%
	VYGR	F	0.01%
	RUSHB	F	0.01%
	BALY	D	0.01%
	BLFY	C	0.01%
	CNXC	C	0.01%
	PCB	B	0.01%
	HURC	F	0.01%
	GEOS	F	0.01%
	PETQ	A	0.01%
	UNTY	B	0.01%
	AOUT	C	0.01%
	RELL	B	0.01%
	MPAA	C	0.01%
	IMMR	B	0.01%
	GEF	F	0.01%
	FSBW	B	0.01%
	AVNW	F	0.01%
	BZH	F	0.01%
	BFIN	B	0.01%
	SSYS	F	0.01%
	VRNT	B	0.01%
	AGX	B	0.01%
	DXLG	C	0.01%
	UTMD	F	0.01%
	NRIM	B	0.01%
	RMAX	F	0.01%
	TTSH	B	0.01%
	SGA	F	0.01%
	BCBP	C	0.01%
	BH	C	0.01%
	FCBC	B	0.01%
	NBN	A	0.01%
	SENEA	C	0.01%
	LXFR	B	0.01%
	SWIM	F	0.01%
	FUNC	C	0.01%
	CLNE	D	0.01%
	FRD	F	0.01%
	FET	F	0.01%
	PFIS	B	0.01%
	ORGO	D	0.01%
	PTSI	D	0.01%
	SSP	D	0.01%
	DH	F	0.01%
	LINC	C	0.01%
	QUAD	B	0.01%
	SHBI	C	0.01%
	WNEB	C	0.01%
	VIRC	B	0.01%
	BANC	D	0.01%
	JAKK	D	0.01%
	ULBI	C	0.01%
	CARE	B	0.01%
	GRNT	C	0.01%
	SSBI	F	0.0%
	RBKB	B	0.0%
	ESP	D	0.0%
	COFS	B	0.0%
	LSBK	C	0.0%
	FCAP	B	0.0%
	HWBK	C	0.0%
	FSFG	B	0.0%
	FCCO	D	0.0%
	KEQU	B	0.0%
	CFBK	C	0.0%
	OVBC	F	0.0%
	BOTJ	B	0.0%
	IROQ	C	0.0%
	LARK	B	0.0%
	RMBI	B	0.0%
	LUNA	D	0.0%
	NWFL	F	0.0%
	TAIT	D	0.0%
	FNCB	B	0.0%
	ELSE	D	0.0%
	VABK	B	0.0%
	CONN	F	0.0%
	GROW	D	0.0%
	HBB	D	0.0%
	LGL	F	0.0%
	NTIP	F	0.0%
	HNNA	B	0.0%
	OPY	A	0.0%
	SLNG	F	0.0%
	AMS	C	0.0%
	FUSB	C	0.0%
	DAIO	F	0.0%
	NSYS	C	0.0%
	CPSS	B	0.0%
	FKWL	A	0.0%
	DIT	F	0.0%
	RRBI	C	0.0%
	CRWS	C	0.0%
	MGYR	B	0.0%
	BDL	D	0.0%
	VOXX	F	0.0%
	CULP	F	0.0%
	OPHC	C	0.0%
	EVI	F	0.0%
	ALTO	F	0.0%
	ATLO	C	0.0%
	WHLM	C	0.0%
	ALOT	D	0.0%
	WVVI	F	0.0%
	FRAF	C	0.0%
	EBMT	B	0.0%
	TAYD	C	0.0%
	AMRC	D	0.0%
	PPIH	C	0.0%
	HMNF	B	0.0%
	AFBI	A	0.0%
	CBFV	C	0.0%
	HFFG	D	0.0%
	LCNB	D	0.0%
	TSRI	A	0.0%
	UEIC	D	0.0%
	SGRP	B	0.0%
	GPRO	F	0.0%
	ESCA	C	0.0%
	NTIC	C	0.0%
	AE	C	0.0%
	LGF.A	C	0.0%
	CKX	D	0.0%
	UONEK	F	0.0%
	CVR	F	0.0%
	FLL	F	0.0%
	WHG	C	0.0%
	MBCN	C	0.0%
	METCB	D	0.0%
	PROV	D	0.0%
	UONE	F	0.0%
	FREE	A	0.0%
	TBRG	C	0.0%
	KOSS	B	0.0%
	CZFS	D	0.0%
	HBT	B	0.0%
	CALB	C	0.0%
	LIVE	F	0.0%
	FVCB	D	0.0%
	UFI	D	0.0%
	MYFW	C	0.0%
	EHTH	D	0.0%
	AXR	D	0.0%
	KIDS	F	0.0%
	BWEN	B	0.0%
	FMAO	B	0.0%
	ITI	D	0.0%
	ITIC	B	0.0%
	CHMG	B	0.0%
	TRT	D	0.0%
	SD	D	0.0%
	TG	D	0.0%
	ASRV	F	0.0%
	MRBK	C	0.0%
	MNSB	C	0.0%
	JRVR	F	0.0%
	PVBC	B	0.0%
	CSTL	D	0.0%
	HIFS	C	0.0%
	RSVR	C	0.0%
	AXTI	C	0.0%
	DO	B	0.0%
	EVBN	B	0.0%
	CVLY	B	0.0%
	NYCB	F	0.0%
	AROW	B	0.0%
	ACU	D	0.0%
	TACT	F	0.0%
	AC	D	0.0%
	ATLC	C	0.0%
	VTSI	F	0.0%
	OLO	F	0.0%
	FPH	D	0.0%
	TWKS	D	0.0%
	ARKO	C	0.0%
	PRTS	F	0.0%
	GAIA	B	0.0%
	CLAR	D	0.0%
	SMBC	B	0.0%
	DLHC	D	0.0%
	NL	D	0.0%
	MNTX	F	0.0%
	WLDN	C	0.0%
	ANIK	C	0.0%
	PNRG	B	0.0%
	SRTS	B	0.0%
	SBFG	B	0.0%
	KTCC	D	0.0%
	TUSK	F	0.0%
	DLTH	F	0.0%
	ITOS	C	0.0%
	CZWI	B	0.0%
	CGEM	D	0.0%
	LE	D	0.0%
	CIX	D	0.0%
	HPK	F	0.0%
	ISTR	C	0.0%
	EPSN	B	0.0%
	MYPS	F	0.0%
	TBNK	D	0.0%
	TLYS	D	0.0%
	SHYF	F	0.0%
	ALRS	D	0.0%
	MCB	C	0.0%
	ONEW	B	0.0%
	SNFCA	B	0.0%
	MVBF	D	0.0%
	WOOF	C	0.0%
	III	D	0.0%
	TASK	C	0.0%
	KVHI	F	0.0%
	TWIN	D	0.0%
	BWFG	B	0.0%
	PWOD	B	0.0%
	EML	C	0.0%
	SFST	C	0.0%
	SBT	C	0.0%
	FNWB	D	0.0%
	ACNB	B	0.0%

DFSV Underweight 233 Positions Relative to QVMS

	Symbol	Grade	Weight
	FN	B	-0.85%
	ANF	B	-0.82%
	SPSC	C	-0.68%
	ENSG	B	-0.67%
	ATI	D	-0.67%
	MTH	D	-0.58%
	NSIT	B	-0.56%
	GKOS	A	-0.56%
	BMI	D	-0.53%
	FSS	D	-0.52%
	COOP	D	-0.52%
	SEE	F	-0.5%
	AWI	D	-0.49%
	MMSI	A	-0.48%
	BCPC	B	-0.48%
	CRS	B	-0.48%
	IBP	D	-0.47%
	DY	B	-0.45%
	VRRM	B	-0.44%
	ACLS	B	-0.44%
	FORM	B	-0.43%
	ITRI	D	-0.43%
	ALKS	C	-0.42%
	AEIS	B	-0.4%
	BOOT	B	-0.4%
	EPRT	A	-0.4%
	FELE	D	-0.39%
	OTTR	D	-0.38%
	PECO	C	-0.38%
	MC	A	-0.36%
	SMPL	D	-0.35%
	SLG	B	-0.34%
	SEM	A	-0.34%
	AVAV	C	-0.34%
	SHAK	D	-0.34%
	HASI	C	-0.33%
	MHO	D	-0.33%
	BXMT	D	-0.32%
	PTEN	F	-0.32%
	WD	C	-0.32%
	MAC	D	-0.32%
	KTB	D	-0.32%
	PIPR	A	-0.31%
	SXT	D	-0.31%
	WDFC	D	-0.31%
	ALRM	D	-0.31%
	IDCC	B	-0.3%
	APLE	D	-0.3%
	BRC	B	-0.3%
	SHOO	C	-0.3%
	IIPR	B	-0.3%
	FTDR	C	-0.29%
	CWEN	D	-0.29%
	FBP	A	-0.29%
	EAT	B	-0.29%
	CWT	C	-0.28%
	CTRE	C	-0.28%
	DV	D	-0.28%
	AX	C	-0.28%
	CVCO	D	-0.28%
	SFBS	C	-0.28%
	HIW	B	-0.27%
	GFF	D	-0.27%
	DORM	C	-0.27%
	SKT	D	-0.27%
	CORT	B	-0.27%
	ABR	B	-0.27%
	RDNT	B	-0.27%
	AVA	C	-0.26%
	VECO	B	-0.26%
	AWR	C	-0.26%
	APAM	D	-0.26%
	AIN	D	-0.26%
	PRFT	B	-0.26%
	PJT	A	-0.25%
	SITC	B	-0.25%
	YELP	F	-0.25%
	KLIC	B	-0.25%
	LXP	B	-0.25%
	CCOI	D	-0.25%
	JJSF	B	-0.25%
	RXO	B	-0.24%
	CRVL	C	-0.23%
	KWR	F	-0.23%
	MYRG	F	-0.23%
	SLVM	C	-0.23%
	OII	C	-0.22%
	MTRN	F	-0.22%
	FCPT	B	-0.22%
	CPK	C	-0.22%
	CBU	C	-0.22%
	CNK	A	-0.21%
	EVTC	F	-0.21%
	OSIS	D	-0.21%
	IPAR	D	-0.21%
	FTRE	D	-0.21%
	CARG	B	-0.21%
	UE	A	-0.21%
	BOH	C	-0.21%
	EPAC	C	-0.21%
	PRGS	B	-0.21%
	DEI	C	-0.21%
	VCEL	C	-0.21%
	ENR	C	-0.2%
	RAMP	C	-0.2%
	NATL	A	-0.2%
	SHO	C	-0.2%
	TBBK	B	-0.2%
	TNC	D	-0.19%
	TRIP	F	-0.19%
	SONO	F	-0.19%
	AMN	F	-0.19%
	CNMD	F	-0.19%
	PLMR	C	-0.19%
	SNEX	C	-0.19%
	JOE	D	-0.19%
	AGYS	A	-0.19%
	ASTH	B	-0.18%
	CAKE	B	-0.18%
	PRVA	D	-0.18%
	SXI	D	-0.18%
	UFPT	A	-0.18%
	PRK	A	-0.18%
	DRH	D	-0.17%
	CPRX	C	-0.17%
	EXTR	C	-0.17%
	POWL	D	-0.16%
	PEB	D	-0.16%
	AKR	A	-0.16%
	HWKN	B	-0.16%
	LMAT	B	-0.16%
	NGVT	F	-0.15%
	DVAX	F	-0.15%
	XHR	D	-0.15%
	BLMN	D	-0.15%
	AMPH	F	-0.15%
	VSCO	F	-0.15%
	PRG	D	-0.15%
	CTS	D	-0.15%
	ROIC	C	-0.15%
	GEO	C	-0.15%
	USPH	F	-0.14%
	MCY	C	-0.14%
	CASH	B	-0.14%
	LTC	A	-0.14%
	PLAY	F	-0.14%
	VRTS	C	-0.14%
	RC	F	-0.14%
	LKFN	C	-0.14%
	OXM	D	-0.14%
	DFIN	D	-0.14%
	MXL	B	-0.14%
	VIAV	F	-0.14%
	SJW	D	-0.14%
	CHCO	B	-0.14%
	GSHD	F	-0.13%
	CERT	F	-0.13%
	HLIT	B	-0.13%
	HTH	C	-0.13%
	APOG	C	-0.13%
	CXW	D	-0.13%
	CHEF	A	-0.13%
	ARI	D	-0.13%
	FIZZ	A	-0.12%
	ALEX	B	-0.12%
	BKE	D	-0.12%
	NVEE	F	-0.12%
	DEA	B	-0.12%
	BANF	C	-0.12%
	CSGS	F	-0.12%
	WABC	C	-0.12%
	GTY	D	-0.12%
	CARS	B	-0.12%
	LNN	D	-0.12%
	JBGS	B	-0.12%
	NWN	F	-0.12%
	PDFS	B	-0.11%
	AAT	B	-0.11%
	KLG	F	-0.11%
	ARLO	B	-0.11%
	PMT	D	-0.11%
	SAFT	D	-0.11%
	JACK	F	-0.1%
	HRMY	B	-0.1%
	CSR	B	-0.1%
	LUMN	D	-0.1%
	SDGR	F	-0.1%
	SGH	B	-0.1%
	NABL	B	-0.1%
	JBSS	D	-0.09%
	SSTK	F	-0.09%
	RCUS	F	-0.09%
	PFBC	C	-0.09%
	ANIP	C	-0.09%
	MCRI	D	-0.09%
	CBRL	F	-0.09%
	ATEN	C	-0.09%
	EFC	B	-0.09%
	CVI	F	-0.08%
	UTL	C	-0.08%
	QNST	C	-0.08%
	CENX	C	-0.08%
	AMSF	F	-0.08%
	CLB	B	-0.08%
	XPEL	F	-0.08%
	EXPI	F	-0.08%
	SVC	F	-0.08%
	PBI	A	-0.07%
	BSIG	D	-0.07%
	BLFS	B	-0.07%
	AHH	C	-0.07%
	MCW	D	-0.07%
	VICR	F	-0.07%
	RGR	F	-0.07%
	VVI	D	-0.07%
	SBSI	C	-0.07%
	SLP	D	-0.07%
	BDN	D	-0.07%
	HCI	C	-0.06%
	HPP	F	-0.06%
	INN	D	-0.06%
	FWRD	D	-0.06%
	WSR	B	-0.06%
	HAIN	D	-0.06%
	TR	C	-0.05%
	KREF	F	-0.05%
	CLDT	D	-0.04%
	WRLD	D	-0.04%
	CVGW	F	-0.04%
	LQDT	B	-0.04%
	BFS	C	-0.04%
	MED	F	-0.02%
	SPWR	D	-0.02%

DFSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Savings & Cooperative Banks Diversified Industrials Oil & Gas Equipment & Services Software - Application Specialty Retail Auto Parts Shipping & Ports Business Services Communication Equipment Electronic Components Specialty Chemicals Apparel Stores Credit Services Home Furnishings & Fixtures Conglomerates Leisure Packaged Foods Banks - Regional

Keywords: Bank Banking Deposit Products Real Estate Loans Commercial Banking Demand Deposit Commercial Bank Mining Retail Banking Individual Retirement Account Trust Services Boat Business Loans Cash Management Services Natural Gas Chemical Residential Real Estate Loans Loan Banking Services Mortgage Loan

QVMS: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Packaged Foods REIT - Retail Software - Application Specialty Chemicals Diversified Industrials Specialty Retail Insurance - Property & Casualty Oil & Gas Equipment & Services REIT - Hotel & Motel Restaurants Apparel Stores Electronic Components Asset Management Auto Parts Building Materials Communication Equipment Semiconductor Equipment & Materials

Keywords: Bank Banking Deposit Products Real Estate Investment Trust Real Estate Loans Chemical Computing Clothing Medicine Aerospace Retail Store Semiconductor Commercial Bank Commercial Banking Insurance Mining Transport Construction Fashion Mortgage Loan