EES vs. QVMS ETF Comparison

Comparison of WisdomTree SmallCap Earnings Fund (EES) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

EES

WisdomTree SmallCap Earnings Fund

EES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings 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 that is comprised of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.04

Average Daily Volume

32,481

Number of Holdings ^*

859

* 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 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). 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 Â® 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

$25.50

Average Daily Volume

833

Number of Holdings ^*

511

* may have additional holdings in another (foreign) market

Performance

Period	EES	QVMS
30 Days	-0.57%	0.66%
60 Days	0.99%	1.57%
90 Days	2.44%	3.71%
12 Months	21.34%	20.96%

323 Overlapping Holdings

Symbol	Grade	Weight in EES	Weight in QVMS	Overlap
AAT	B	0.09%	0.1%	0.09%
ADUS	A	0.1%	0.14%	0.1%
AGTI	C	0.15%	0.03%	0.03%
AGYS	C	0.07%	0.15%	0.07%
AHCO	F	0.17%	0.08%	0.08%
AHH	B	0.04%	0.07%	0.04%
AIR	B	0.15%	0.23%	0.15%
AKR	C	0.1%	0.15%	0.1%
ALEX	B	0.06%	0.11%	0.06%
ALG	D	0.19%	0.19%	0.19%
ALGT	F	0.19%	0.08%	0.08%
AMBC	A	0.21%	0.07%	0.07%
AMCX	C	0.11%	0.04%	0.04%
AMSF	D	0.05%	0.09%	0.05%
AMWD	D	0.21%	0.16%	0.16%
ANDE	D	0.09%	0.18%	0.09%
ANIP	D	0.15%	0.1%	0.1%
APOG	A	0.17%	0.14%	0.14%
ARLO	B	0.05%	0.11%	0.05%
AROC	B	0.15%	0.26%	0.15%
ASIX	F	0.13%	0.06%	0.06%
ASTE	F	0.07%	0.07%	0.07%
ASTH	D	0.07%	0.16%	0.07%
ATEN	B	0.09%	0.1%	0.09%
ATGE	A	0.22%	0.25%	0.22%
AUB	C	0.3%	0.24%	0.24%
AVNS	D	0.08%	0.09%	0.08%
AX	A	0.52%	0.3%	0.3%
AZZ	C	0.19%	0.19%	0.19%
BANR	B	0.21%	0.14%	0.14%
BDN	B	0.24%	0.08%	0.08%
BFS	C	0.06%	0.04%	0.04%
BGS	F	0.13%	0.09%	0.09%
BHE	A	0.14%	0.13%	0.13%
BHLB	B	0.11%	0.09%	0.09%
BJRI	D	0.03%	0.07%	0.03%
BKE	C	0.28%	0.12%	0.12%
BKU	B	0.27%	0.2%	0.2%
BLMN	F	0.37%	0.19%	0.19%
BOH	D	0.21%	0.22%	0.21%
BOOT	B	0.29%	0.31%	0.29%
BRC	B	0.25%	0.26%	0.25%
BRKL	D	0.07%	0.07%	0.07%
BSIG	C	0.09%	0.07%	0.07%
CAKE	C	0.17%	0.15%	0.15%
CAL	C	0.22%	0.12%	0.12%
CALM	D	0.76%	0.22%	0.22%
CARG	D	0.18%	0.19%	0.18%
CARS	C	0.26%	0.11%	0.11%
CASH	B	0.19%	0.13%	0.13%
CBRL	F	0.12%	0.11%	0.11%
CBU	B	0.21%	0.23%	0.21%
CCRN	F	0.11%	0.05%	0.05%
CCS	D	0.36%	0.24%	0.24%
CENTA	A	0.21%	0.24%	0.21%
CERT	D	0.13%	0.16%	0.13%
CEVA	F	0.02%	0.05%	0.02%
CFFN	F	0.03%	0.06%	0.03%
CHCO	B	0.13%	0.15%	0.13%
CHEF	B	0.1%	0.13%	0.1%
CHUY	F	0.04%	0.05%	0.04%
CLB	D	0.05%	0.07%	0.05%
CLDT	F	0.02%	0.04%	0.02%
CLW	A	0.15%	0.07%	0.07%
CNK	D	0.19%	0.18%	0.18%
CNXN	C	0.1%	0.07%	0.07%
COHU	F	0.13%	0.13%	0.13%
CPF	B	0.07%	0.05%	0.05%
CPK	B	0.13%	0.23%	0.13%
CPRX	D	0.09%	0.16%	0.09%
CRNC	F	0.02%	0.04%	0.02%
CRSR	F	0.07%	0.05%	0.05%
CSGS	F	0.12%	0.12%	0.12%
CTS	A	0.12%	0.15%	0.12%
CUBI	D	0.22%	0.13%	0.13%
CVBF	C	0.25%	0.21%	0.21%
CVCO	C	0.32%	0.28%	0.28%
CVGW	B	0.02%	0.05%	0.02%
CXW	C	0.1%	0.17%	0.1%
DAN	B	0.15%	0.17%	0.15%
DBI	F	0.15%	0.04%	0.04%
DCOM	C	0.11%	0.07%	0.07%
DEA	B	0.05%	0.11%	0.05%
DEI	B	0.07%	0.22%	0.07%
DFIN	C	0.09%	0.15%	0.09%
DGII	F	0.11%	0.09%	0.09%
DLX	A	0.23%	0.1%	0.1%
DNOW	C	0.2%	0.14%	0.14%
DORM	C	0.2%	0.26%	0.2%
DRH	F	0.12%	0.18%	0.12%
DVAX	F	0.07%	0.14%	0.07%
DXPE	C	0.18%	0.07%	0.07%
EAT	A	0.31%	0.23%	0.23%
EGBN	F	0.1%	0.06%	0.06%
EIG	C	0.12%	0.11%	0.11%
ENR	C	0.28%	0.19%	0.19%
ENVA	B	0.36%	0.18%	0.18%
EPAC	B	0.14%	0.2%	0.14%
EPC	B	0.19%	0.18%	0.18%
ETD	D	0.13%	0.07%	0.07%
EVTC	D	0.2%	0.22%	0.2%
EXPI	C	0.06%	0.09%	0.06%
EXTR	F	0.15%	0.14%	0.14%
EYE	F	0.06%	0.14%	0.06%
EZPW	D	0.09%	0.05%	0.05%
FBK	B	0.17%	0.13%	0.13%
FBNC	D	0.12%	0.12%	0.12%
FCF	B	0.16%	0.13%	0.13%
FCPT	B	0.12%	0.21%	0.12%
FFBC	B	0.34%	0.21%	0.21%
FHB	B	0.33%	0.26%	0.26%
FULT	A	0.39%	0.26%	0.26%
FWRD	F	0.05%	0.06%	0.05%
GBX	B	0.18%	0.16%	0.16%
GDEN	F	0.22%	0.07%	0.07%
GDOT	D	0.1%	0.04%	0.04%
GEO	C	0.24%	0.17%	0.17%
GES	B	0.31%	0.07%	0.07%
GFF	C	0.44%	0.28%	0.28%
GIII	D	0.14%	0.13%	0.13%
GRBK	C	0.37%	0.15%	0.15%
GSHD	F	0.05%	0.13%	0.05%
GTY	B	0.08%	0.12%	0.08%
GVA	A	0.09%	0.25%	0.09%
HAFC	B	0.09%	0.04%	0.04%
HAIN	F	0.03%	0.06%	0.03%
HAYN	D	0.08%	0.07%	0.07%
HAYW	C	0.15%	0.18%	0.15%
HCI	C	0.05%	0.07%	0.05%
HCSG	D	0.08%	0.08%	0.08%
HFWA	B	0.08%	0.06%	0.06%
HIBB	A	0.2%	0.11%	0.11%
HIW	B	0.23%	0.27%	0.23%
HLIT	D	0.07%	0.12%	0.07%
HLX	B	0.06%	0.15%	0.06%
HMN	C	0.05%	0.15%	0.05%
HNI	A	0.14%	0.21%	0.14%
HOPE	C	0.18%	0.12%	0.12%
HRMY	C	0.19%	0.1%	0.1%
HSII	C	0.09%	0.06%	0.06%
HSTM	B	0.03%	0.06%	0.03%
HTH	B	0.11%	0.14%	0.11%
HTLD	D	0.03%	0.05%	0.03%
HUBG	B	0.3%	0.26%	0.26%
HVT	F	0.08%	0.04%	0.04%
HWKN	A	0.12%	0.14%	0.12%
HZO	F	0.12%	0.05%	0.05%
IBTX	C	0.17%	0.13%	0.13%
IIIN	D	0.05%	0.06%	0.05%
IIPR	C	0.27%	0.29%	0.27%
INDB	C	0.26%	0.22%	0.22%
INVA	C	0.08%	0.08%	0.08%
JACK	F	0.14%	0.1%	0.1%
JBSS	C	0.1%	0.08%	0.08%
KALU	A	0.07%	0.15%	0.07%
KAR	B	0.17%	0.18%	0.17%
KELYA	D	0.09%	0.07%	0.07%
KMT	B	0.17%	0.19%	0.17%
KN	B	0.11%	0.14%	0.11%
KOP	F	0.17%	0.09%	0.09%
LGND	C	0.16%	0.12%	0.12%
LKFN	C	0.09%	0.14%	0.09%
LMAT	A	0.06%	0.15%	0.06%
LNN	C	0.1%	0.12%	0.1%
LQDT	B	0.04%	0.04%	0.04%
LTC	A	0.11%	0.13%	0.11%
LUMN	F	0.36%	0.12%	0.12%
LZB	C	0.17%	0.15%	0.15%
MATW	D	0.1%	0.08%	0.08%
MCRI	D	0.13%	0.09%	0.09%
MCS	F	0.02%	0.03%	0.02%
MCW	C	0.13%	0.07%	0.07%
MD	F	0.15%	0.07%	0.07%
MED	F	0.07%	0.03%	0.03%
MGPI	D	0.14%	0.12%	0.12%
MLAB	B	0.07%	0.06%	0.06%
MLKN	D	0.17%	0.2%	0.17%
MNRO	F	0.05%	0.08%	0.05%
MODG	D	0.18%	0.23%	0.18%
MOV	D	0.08%	0.04%	0.04%
MRCY	D	0.06%	0.14%	0.06%
MRTN	F	0.1%	0.1%	0.1%
MTRN	F	0.15%	0.22%	0.15%
MTX	A	0.23%	0.24%	0.23%
MXL	F	0.24%	0.14%	0.14%
MYE	F	0.09%	0.07%	0.07%
MYRG	D	0.15%	0.24%	0.15%
NABL	D	0.09%	0.09%	0.09%
NAVI	F	0.41%	0.13%	0.13%
NBHC	C	0.16%	0.12%	0.12%
NBTB	B	0.15%	0.17%	0.15%
NFBK	D	0.03%	0.03%	0.03%
NGVT	B	0.29%	0.17%	0.17%
NHC	B	0.05%	0.12%	0.05%
NMIH	A	0.44%	0.26%	0.26%
NPK	A	0.05%	0.04%	0.04%
NTCT	F	0.22%	0.14%	0.14%
NUS	D	0.06%	0.06%	0.06%
NVEE	D	0.09%	0.12%	0.09%
NWBI	C	0.16%	0.13%	0.13%
NWN	B	0.14%	0.13%	0.13%
NX	D	0.12%	0.11%	0.11%
ODP	F	0.32%	0.18%	0.18%
OFG	A	0.21%	0.17%	0.17%
OI	F	0.57%	0.21%	0.21%
OII	B	0.11%	0.22%	0.11%
OMCL	D	0.1%	0.12%	0.1%
OMI	F	0.11%	0.14%	0.11%
OSIS	D	0.16%	0.2%	0.16%
OSUR	F	0.05%	0.04%	0.04%
OXM	B	0.28%	0.15%	0.15%
PAHC	A	0.09%	0.03%	0.03%
PARR	F	0.6%	0.17%	0.17%
PATK	C	0.27%	0.24%	0.24%
PBI	B	0.03%	0.07%	0.03%
PCRX	D	0.17%	0.12%	0.12%
PDCO	D	0.28%	0.21%	0.21%
PDFS	C	0.07%	0.09%	0.07%
PDFS	C	0.05%	0.09%	0.05%
PFBC	A	0.21%	0.09%	0.09%
PFS	B	0.16%	0.11%	0.11%
PINC	F	0.4%	0.24%	0.24%
PJT	B	0.1%	0.22%	0.1%
PLAB	B	0.23%	0.17%	0.17%
PLAY	D	0.23%	0.18%	0.18%
PLMR	B	0.11%	0.2%	0.11%
PLUS	B	0.23%	0.21%	0.21%
POWL	B	0.1%	0.16%	0.1%
PPBI	B	0.25%	0.2%	0.2%
PRA	C	0.02%	0.06%	0.02%
PRDO	B	0.26%	0.16%	0.16%
PRFT	B	0.15%	0.25%	0.15%
PRG	B	0.24%	0.14%	0.14%
PRGS	F	0.24%	0.21%	0.21%
PRK	A	0.17%	0.18%	0.17%
PRLB	F	0.05%	0.08%	0.05%
PRVA	F	0.08%	0.2%	0.08%
PSMT	A	0.17%	0.2%	0.17%
PUMP	B	0.16%	0.08%	0.08%
QNST	B	0.04%	0.09%	0.04%
RAMP	F	0.11%	0.21%	0.11%
RDNT	A	0.11%	0.24%	0.11%
RES	F	0.3%	0.06%	0.06%
REX	B	0.09%	0.09%	0.09%
REZI	C	0.25%	0.29%	0.25%
RGP	F	0.06%	0.03%	0.03%
RGR	F	0.08%	0.08%	0.08%
RNST	C	0.19%	0.16%	0.16%
ROCK	D	0.16%	0.21%	0.16%
ROG	C	0.1%	0.2%	0.1%
ROIC	D	0.05%	0.15%	0.05%
RXO	C	0.08%	0.24%	0.08%
SAFT	B	0.04%	0.12%	0.04%
SAH	B	0.4%	0.08%	0.08%
SATS	C	0.18%	0.2%	0.18%
SBCF	C	0.17%	0.19%	0.17%
SBH	F	0.28%	0.12%	0.12%
SBSI	D	0.1%	0.07%	0.07%
SCHL	D	0.07%	0.1%	0.07%
SCL	C	0.08%	0.18%	0.08%
SCSC	A	0.14%	0.1%	0.1%
SCVL	B	0.15%	0.07%	0.07%
SDGR	F	0.05%	0.13%	0.05%
SFNC	D	0.29%	0.21%	0.21%
SHAK	C	0.14%	0.4%	0.14%
SHEN	D	0.02%	0.07%	0.02%
SHO	D	0.11%	0.2%	0.11%
SJW	C	0.11%	0.15%	0.11%
SLCA	B	0.29%	0.12%	0.12%
SLP	B	0.03%	0.07%	0.03%
SLVM	A	0.51%	0.22%	0.22%
SMP	C	0.09%	0.06%	0.06%
SNCY	F	0.09%	0.05%	0.05%
SNEX	A	0.29%	0.2%	0.2%
SONO	D	0.27%	0.22%	0.22%
SPTN	D	0.08%	0.07%	0.07%
SSTK	F	0.21%	0.09%	0.09%
STBA	B	0.18%	0.12%	0.12%
STC	B	0.05%	0.16%	0.05%
STRA	A	0.13%	0.27%	0.13%
SUPN	D	0.06%	0.15%	0.06%
SXC	D	0.08%	0.08%	0.08%
SXI	C	0.14%	0.19%	0.14%
SXT	A	0.2%	0.31%	0.2%
TALO	F	0.07%	0.17%	0.07%
TBBK	F	0.17%	0.19%	0.17%
THS	F	0.18%	0.17%	0.17%
TILE	C	0.11%	0.09%	0.09%
TMP	D	0.03%	0.05%	0.03%
TNC	D	0.21%	0.2%	0.2%
TR	D	0.1%	0.05%	0.05%
TRIP	F	0.3%	0.26%	0.26%
TRMK	A	0.24%	0.18%	0.18%
TRN	A	0.13%	0.24%	0.13%
TRST	B	0.07%	0.05%	0.05%
TTMI	A	0.21%	0.17%	0.17%
TWI	F	0.11%	0.04%	0.04%
UCTT	C	0.12%	0.17%	0.12%
UE	B	0.07%	0.19%	0.07%
UFPT	B	0.09%	0.17%	0.09%
USNA	F	0.08%	0.05%	0.05%
USPH	D	0.06%	0.15%	0.06%
UTL	B	0.07%	0.08%	0.07%
UVV	B	0.15%	0.12%	0.12%
VBTX	B	0.16%	0.1%	0.1%
VECO	B	0.16%	0.2%	0.16%
VIAV	F	0.12%	0.14%	0.12%
VICR	F	0.06%	0.07%	0.06%
VREX	F	0.07%	0.06%	0.06%
VRTS	C	0.19%	0.14%	0.14%
VSCO	F	0.16%	0.15%	0.15%
VSTO	A	0.42%	0.2%	0.2%
WABC	B	0.16%	0.12%	0.12%
WAFD	B	0.27%	0.18%	0.18%
WGO	D	0.32%	0.2%	0.2%
WNC	F	0.28%	0.1%	0.1%
WRLD	C	0.04%	0.05%	0.04%
WSFS	B	0.39%	0.26%	0.26%
WSR	B	0.06%	0.05%	0.05%
XHR	C	0.07%	0.15%	0.07%
XPEL	F	0.05%	0.07%	0.05%
XRX	F	0.43%	0.16%	0.16%
ZEUS	F	0.07%	0.06%	0.06%

EES Overweight 536 Positions Relative to QVMS

Symbol	Grade	Weight
TPG	D	0.74%
LEVI	A	0.7%
VCTR	A	0.56%
BGC	A	0.54%
JWN	B	0.51%
DK	D	0.44%
GPOR	C	0.43%
MSGE	C	0.42%
SNDR	D	0.38%
RNG	C	0.36%
COLL	C	0.35%
MBIN	B	0.32%
FRME	B	0.31%
PRIM	B	0.31%
DFH	D	0.31%
NMRK	D	0.3%
HTLF	B	0.3%
AMRK	B	0.29%
VRNT	B	0.27%
CRI	F	0.27%
VIRT	A	0.26%
EBC	B	0.26%
ULH	A	0.25%
MGRC	D	0.25%
JELD	F	0.24%
SBOW	C	0.24%
IMKTA	F	0.24%
ICUI	D	0.24%
PTVE	C	0.24%
STRL	B	0.24%
HE	F	0.23%
EFSC	B	0.23%
ENV	B	0.23%
FOR	D	0.23%
AMK	D	0.23%
GHC	A	0.23%
TH	C	0.23%
SABR	C	0.23%
HPK	C	0.22%
HEES	F	0.22%
JBI	D	0.22%
FA	C	0.21%
HOV	B	0.21%
ARHS	C	0.21%
GRNT	B	0.2%
VGR	C	0.2%
ACMR	D	0.2%
BZH	D	0.2%
NNI	B	0.2%
AGM	D	0.2%
AMRX	B	0.2%
WERN	D	0.19%
STGW	B	0.19%
TOWN	B	0.19%
IESC	A	0.19%
WSBC	C	0.19%
SWI	B	0.18%
GOGO	C	0.18%
ARRY	F	0.17%
HY	A	0.17%
GDRX	D	0.17%
MATV	B	0.16%
ATSG	C	0.16%
MRC	B	0.16%
MBUU	F	0.16%
PI	C	0.16%
SD	D	0.16%
BRY	C	0.16%
BXC	D	0.16%
NHI	A	0.16%
AESI	B	0.16%
SRCL	D	0.15%
LAUR	A	0.15%
ADV	D	0.15%
BOWL	F	0.15%
WMK	B	0.15%
ARCT	F	0.15%
OCFC	B	0.14%
TCBK	B	0.14%
USLM	A	0.14%
EVCM	C	0.14%
SRCE	B	0.14%
EVBG	B	0.14%
MWA	A	0.14%
HLIO	B	0.14%
REPX	D	0.14%
SQSP	B	0.14%
PEBO	B	0.14%
BUSE	B	0.14%
REI	D	0.13%
TITN	D	0.13%
EMBC	D	0.13%
LXU	C	0.13%
DIN	F	0.13%
NWLI	A	0.13%
QCRH	C	0.13%
MGNX	D	0.13%
REVG	A	0.13%
NXRT	B	0.13%
ECVT	D	0.13%
CMCO	A	0.13%
SASR	B	0.13%
UIS	F	0.12%
KODK	D	0.12%
OLPX	F	0.12%
BELFB	B	0.12%
EVRI	F	0.12%
ESRT	C	0.12%
TRS	B	0.12%
BV	B	0.12%
SYBT	B	0.12%
QTWO	A	0.12%
ACEL	F	0.12%
PFC	B	0.12%
ETWO	B	0.12%
MRVI	C	0.12%
CYH	C	0.12%
ALX	A	0.12%
BANC	C	0.12%
BY	B	0.12%
SCS	C	0.12%
ACCO	F	0.12%
STAA	C	0.11%
GCMG	B	0.11%
AMAL	B	0.11%
THRM	F	0.11%
WTTR	B	0.11%
CHGG	F	0.1%
SIX	C	0.1%
OSG	A	0.1%
INFN	D	0.1%
RBCAA	B	0.1%
PZZA	F	0.1%
UTZ	C	0.1%
RYI	F	0.1%
OBK	B	0.1%
GABC	C	0.1%
NIC	C	0.1%
LBAI	B	0.1%
MGNI	D	0.1%
HURN	F	0.1%
MCFT	F	0.1%
RPAY	B	0.1%
RMR	B	0.1%
PLPC	D	0.1%
EQC	B	0.1%
SPB	A	0.1%
MCB	B	0.09%
IDT	B	0.09%
CRAI	A	0.09%
MBWM	B	0.09%
MTW	F	0.09%
ROAD	C	0.09%
CWH	F	0.09%
LEGH	D	0.09%
AMPY	D	0.09%
CNOB	B	0.09%
FBMS	C	0.09%
GIC	F	0.09%
UVSP	A	0.09%
BBW	C	0.09%
MLR	B	0.09%
EGY	C	0.09%
MIR	D	0.09%
GCI	B	0.09%
OSBC	B	0.09%
STEP	A	0.09%
KFRC	D	0.09%
THR	A	0.09%
KNTK	B	0.08%
NSSC	B	0.08%
KTOS	B	0.08%
SITM	B	0.08%
VLGEA	A	0.08%
HBNC	B	0.08%
SP	D	0.08%
CTOS	F	0.08%
MODN	B	0.08%
ONEW	F	0.08%
UVE	B	0.08%
TRDA	C	0.08%
TTGT	F	0.08%
CRGY	C	0.08%
MYPS	D	0.08%
SWBI	C	0.08%
MSBI	D	0.08%
PDM	B	0.08%
NAPA	F	0.08%
JAMF	C	0.08%
VSEC	C	0.08%
GSBC	B	0.08%
SNPO	B	0.08%
VYGR	D	0.08%
PX	D	0.08%
SHLS	F	0.08%
CTBI	B	0.08%
ATLC	D	0.07%
UPWK	D	0.07%
VITL	B	0.07%
SHYF	C	0.07%
HTBK	C	0.07%
SENEA	A	0.07%
ARVN	D	0.07%
COMM	F	0.07%
ANET	C	0.07%
KRT	C	0.07%
ZIP	F	0.07%
FMBH	B	0.07%
RVLV	B	0.07%
AMTB	B	0.07%
KE	C	0.07%
TASK	B	0.07%
AGX	A	0.07%
RLJ	F	0.07%
HBT	B	0.07%
USM	B	0.07%
CFB	C	0.07%
VERX	C	0.07%
WLFC	A	0.07%
CWAN	C	0.07%
GTN	C	0.07%
MITK	B	0.07%
SKWD	C	0.07%
MPX	D	0.07%
DNUT	F	0.07%
BBSI	B	0.07%
DO	B	0.07%
HDSN	F	0.06%
MCBS	A	0.06%
CDRE	D	0.06%
SPFI	B	0.06%
PKOH	B	0.06%
RMNI	F	0.06%
PETQ	B	0.06%
GNE	F	0.06%
DAKT	B	0.06%
BFST	C	0.06%
CRCT	C	0.06%
RICK	F	0.06%
IBCP	B	0.06%
THFF	B	0.06%
YOU	F	0.06%
LEU	C	0.06%
UWMC	B	0.06%
LOB	F	0.06%
LC	B	0.06%
IMXI	D	0.06%
ITOS	C	0.06%
ODC	A	0.06%
CLFD	B	0.06%
JILL	C	0.06%
EBF	B	0.06%
IMMR	B	0.06%
XNCR	B	0.06%
CXM	F	0.06%
CCSI	D	0.06%
RBBN	B	0.06%
HCKT	F	0.06%
CHWY	F	0.06%
SMMF	B	0.05%
WTBA	B	0.05%
ZIMV	C	0.05%
FCBC	B	0.05%
TCMD	F	0.05%
BFC	C	0.05%
CCNE	C	0.05%
NWPX	A	0.05%
CCBG	C	0.05%
CECO	B	0.05%
TAST	A	0.05%
HNRG	D	0.05%
OABI	F	0.05%
WEYS	D	0.05%
NBN	B	0.05%
DXLG	F	0.05%
EQBK	A	0.05%
BAND	B	0.05%
TGI	C	0.05%
HTBI	B	0.05%
ATRI	B	0.05%
TWKS	D	0.05%
LYTS	B	0.05%
PGC	F	0.05%
SPOK	D	0.05%
PRO	F	0.05%
EGHT	D	0.05%
JOUT	F	0.05%
BOOM	F	0.05%
BH	B	0.05%
CSV	B	0.05%
MCBC	A	0.05%
DSGR	B	0.05%
WINA	C	0.05%
CLBK	F	0.05%
EE	B	0.05%
LSEA	F	0.05%
EWCZ	F	0.05%
PNTG	A	0.05%
VZIO	D	0.05%
AVNW	F	0.05%
VPG	F	0.05%
FWRG	C	0.05%
OPY	A	0.04%
TPB	A	0.04%
AAN	D	0.04%
GDYN	F	0.04%
NRC	F	0.04%
EPM	F	0.04%
YORW	B	0.04%
LMB	B	0.04%
IIIV	C	0.04%
GCO	D	0.04%
BBCP	F	0.04%
NVEC	F	0.04%
BHB	B	0.04%
ALTG	F	0.04%
CMT	D	0.04%
KRUS	C	0.04%
WWW	B	0.04%
NTST	C	0.04%
OLP	A	0.04%
CVGI	F	0.04%
NGVC	B	0.04%
JAKK	F	0.04%
MSEX	C	0.04%
MEI	F	0.04%
MPB	B	0.04%
ACDC	D	0.04%
PLOW	C	0.04%
ZYXI	D	0.04%
WASH	B	0.04%
CATC	B	0.04%
INDI	F	0.04%
CAC	B	0.04%
FF	B	0.04%
TRNS	A	0.04%
CRD.B	C	0.04%
LOCO	B	0.04%
CCB	B	0.04%
TTI	F	0.04%
FMNB	C	0.04%
RBB	B	0.04%
WRBY	B	0.04%
WLDN	A	0.04%
FSBC	C	0.04%
NR	C	0.04%
FORR	F	0.04%
FISI	C	0.04%
CURV	B	0.04%
RNGR	F	0.04%
MLNK	F	0.04%
GRC	D	0.04%
ZUO	B	0.04%
DH	F	0.04%
SOI	B	0.04%
DENN	F	0.04%
ESQ	B	0.03%
ACNB	F	0.03%
UTMD	D	0.03%
DJCO	C	0.03%
FBIZ	C	0.03%
PTLO	F	0.03%
NGS	B	0.03%
NATR	F	0.03%
RGCO	B	0.03%
EEX	D	0.03%
IPI	B	0.03%
QUAD	F	0.03%
TBI	F	0.03%
ASRT	D	0.03%
UHT	C	0.03%
CTKB	F	0.03%
IBUY	D	0.03%
ALRS	D	0.03%
MEC	A	0.03%
ERII	F	0.03%
AMSWA	F	0.03%
ORRF	B	0.03%
RDUS	F	0.03%
SIGA	D	0.03%
LOVE	B	0.03%
ASUR	F	0.03%
SMBK	B	0.03%
NC	C	0.03%
KIDS	B	0.03%
FLWS	D	0.03%
VNDA	B	0.03%
CARE	B	0.03%
SMBC	D	0.03%
DHIL	B	0.03%
ORGO	F	0.03%
FPI	B	0.03%
HBCP	B	0.03%
LINC	B	0.03%
OFLX	F	0.03%
RCKY	B	0.03%
BWB	B	0.03%
FC	D	0.03%
EZM	C	0.03%
YEXT	F	0.03%
NECB	B	0.03%
ARKO	F	0.03%
AIRS	F	0.03%
OLO	F	0.03%
KLXE	F	0.03%
PUBM	C	0.03%
CIVB	D	0.03%
NATH	D	0.03%
FIGS	C	0.03%
IRMD	C	0.03%
VRA	B	0.03%
ENFN	C	0.03%
DCO	B	0.03%
HCAT	F	0.02%
PKBK	C	0.02%
MRAM	F	0.02%
DCGO	F	0.02%
AGS	A	0.02%
ESCA	D	0.02%
CTLP	F	0.02%
GNTY	B	0.02%
AEHR	F	0.02%
BCML	B	0.02%
BTMD	C	0.02%
OVLY	D	0.02%
EVI	F	0.02%
KRNY	F	0.02%
DGICA	F	0.02%
PFIS	D	0.02%
PINE	D	0.02%
PCB	D	0.02%
AXGN	F	0.02%
OOMA	F	0.02%
SRDX	C	0.02%
TCBX	A	0.02%
JYNT	A	0.02%
BHRB	F	0.02%
SMTI	F	0.02%
FLIC	D	0.02%
PAY	D	0.02%
NRIM	B	0.02%
EGAN	C	0.02%
BWMN	D	0.02%
CRMT	F	0.02%
AROW	C	0.02%
PBYI	D	0.02%
AOUT	D	0.02%
FFIC	D	0.02%
III	F	0.02%
CMP	F	0.02%
RCMT	F	0.02%
UPLD	D	0.02%
SWIM	C	0.02%
MNTK	F	0.02%
BCBP	C	0.02%
CBNK	D	0.02%
PBPB	F	0.02%
MOFG	D	0.02%
XPOF	F	0.02%
SMLR	F	0.02%
PKE	D	0.02%
INTT	F	0.02%
FRPH	B	0.02%
LPRO	F	0.02%
ATEX	F	0.02%
CDMO	C	0.02%
TRC	C	0.02%
STKS	B	0.02%
RELL	C	0.02%
OFIX	C	0.02%
ARC	C	0.02%
HONE	B	0.02%
VMEO	D	0.02%
TZOO	D	0.02%
POWW	D	0.02%
RRBI	D	0.02%
MG	C	0.02%
CASS	D	0.02%
CHCT	F	0.02%
ARTNA	C	0.02%
EBTC	D	0.02%
FSBW	C	0.02%
BSRR	A	0.02%
RLGT	F	0.02%
UTI	C	0.02%
OBT	B	0.02%
SAMG	F	0.01%
LPSN	F	0.01%
WSBF	B	0.01%
KFS	D	0.01%
CBAN	B	0.01%
PVBC	C	0.01%
LUNA	F	0.01%
BGFV	F	0.01%
MBCN	F	0.01%
SFST	F	0.01%
INFU	F	0.01%
EVC	D	0.01%
NKSH	D	0.01%
MVBF	F	0.01%
ATLO	B	0.01%
NWFL	F	0.01%
LCNB	C	0.01%
ITI	D	0.01%
WTI	F	0.01%
CFFI	F	0.01%
FDBC	F	0.01%
INBK	C	0.01%
SSTI	F	0.01%
CZFS	D	0.01%
SHBI	D	0.01%
FMAO	B	0.01%
SPWH	F	0.01%
CCRD	C	0.01%
LTRX	D	0.01%
ITIC	B	0.01%
CZNC	C	0.01%
MPAA	F	0.01%
TSBK	D	0.01%
OPRX	F	0.01%
NEWT	C	0.01%
RM	B	0.01%
HRTG	D	0.01%
HBIO	F	0.01%
FRBA	D	0.01%
FRST	D	0.01%
OIS	F	0.01%
PSTL	C	0.01%
FNLC	D	0.01%
UEIC	B	0.01%
TUSK	F	0.01%
DHX	D	0.01%
ASLE	C	0.01%
BMRC	D	0.01%
PCYO	C	0.01%
HGBL	F	0.0%

EES Underweight 189 Positions Relative to QVMS

Symbol	Grade	Weight
ATI	A	-0.71%
SPSC	B	-0.67%
MLI	A	-0.64%
FN	C	-0.63%
MTH	A	-0.62%
ENSG	D	-0.62%
ANF	B	-0.59%
BCC	D	-0.56%
IBP	D	-0.56%
SM	B	-0.55%
ALK	B	-0.54%
NSIT	A	-0.53%
BMI	A	-0.52%
AAON	D	-0.51%
FSS	A	-0.5%
GKOS	B	-0.5%
COOP	A	-0.5%
AWI	D	-0.49%
SEE	C	-0.48%
CRS	A	-0.47%
BCPC	C	-0.47%
JXN	B	-0.46%
WIRE	C	-0.46%
MOG.A	A	-0.45%
ITRI	A	-0.45%
ABG	C	-0.44%
AEO	B	-0.44%
MMSI	B	-0.44%
SIG	D	-0.44%
RDN	C	-0.44%
DV	F	-0.43%
ASO	F	-0.43%
VRRM	A	-0.42%
FUL	C	-0.41%
GPI	B	-0.41%
AGO	D	-0.41%
ACA	A	-0.4%
ACIW	A	-0.39%
EPRT	A	-0.39%
DXC	F	-0.39%
ALKS	F	-0.39%
AAP	D	-0.39%
FORM	A	-0.39%
OTTR	B	-0.38%
FELE	C	-0.38%
MATX	B	-0.38%
DY	A	-0.38%
GMS	B	-0.37%
TPH	A	-0.37%
PECO	D	-0.37%
HP	D	-0.36%
ALRM	D	-0.35%
MC	C	-0.35%
AEIS	B	-0.35%
ACLS	C	-0.35%
NOG	C	-0.35%
ITGR	D	-0.34%
SMPL	B	-0.34%
LBRT	B	-0.33%
DIOD	B	-0.33%
AMR	D	-0.33%
MHO	C	-0.33%
SANM	B	-0.33%
PTEN	F	-0.33%
FTRE	D	-0.32%
KFY	C	-0.32%
CRC	F	-0.32%
WD	B	-0.32%
PBH	D	-0.32%
WDFC	D	-0.32%
BXMT	F	-0.31%
MAC	D	-0.31%
SLG	B	-0.31%
SEM	A	-0.31%
AVAV	A	-0.31%
NPO	D	-0.31%
UCBI	B	-0.3%
ABCB	B	-0.3%
KTB	A	-0.3%
HCC	C	-0.3%
SKYW	B	-0.29%
SFBS	C	-0.29%
HI	D	-0.29%
FBP	A	-0.29%
APLE	D	-0.29%
PIPR	A	-0.29%
IOSP	C	-0.29%
CCOI	F	-0.29%
HASI	A	-0.28%
AVA	B	-0.28%
GNW	B	-0.28%
PLXS	B	-0.28%
LCII	D	-0.28%
CWT	B	-0.28%
ABM	B	-0.28%
FTDR	B	-0.28%
JBT	F	-0.28%
NWL	B	-0.28%
CWEN	B	-0.27%
ESE	B	-0.27%
LRN	B	-0.27%
APAM	C	-0.27%
YELP	C	-0.27%
CTRE	C	-0.27%
SKT	D	-0.27%
ARCB	F	-0.27%
SHOO	C	-0.27%
AIN	D	-0.26%
FL	F	-0.26%
IDCC	B	-0.26%
AWR	B	-0.26%
KSS	F	-0.26%
RUSHA	D	-0.26%
KLIC	D	-0.25%
KWR	D	-0.25%
ABR	D	-0.25%
SITC	C	-0.24%
LXP	D	-0.24%
CATY	C	-0.24%
UNF	D	-0.23%
IPAR	F	-0.22%
BTU	D	-0.22%
URBN	C	-0.22%
CRVL	B	-0.22%
JJSF	B	-0.21%
JOE	B	-0.21%
AMN	C	-0.21%
CORT	C	-0.21%
VCEL	B	-0.21%
LGIH	F	-0.2%
CNMD	F	-0.2%
CEIX	D	-0.2%
NEO	B	-0.19%
B	B	-0.18%
PHIN	A	-0.18%
PEB	F	-0.17%
CWK	B	-0.17%
JBLU	D	-0.17%
WOR	D	-0.17%
KLG	C	-0.15%
TDS	B	-0.15%
NATL	B	-0.15%
AMPH	F	-0.15%
LPG	B	-0.14%
RC	D	-0.14%
MCY	A	-0.14%
BANF	B	-0.13%
GPRE	F	-0.13%
ARI	F	-0.13%
VSAT	D	-0.13%
PMT	B	-0.12%
JBGS	F	-0.12%
VSTS	F	-0.12%
FIZZ	D	-0.11%
ICHR	D	-0.11%
WS	D	-0.1%
ECPG	C	-0.1%
SVC	F	-0.1%
PRAA	B	-0.1%
CSR	A	-0.1%
SPNT	C	-0.1%
EFC	B	-0.09%
AXL	B	-0.09%
CRK	B	-0.09%
FDP	F	-0.08%
MMI	C	-0.08%
RCUS	F	-0.08%
CENX	C	-0.08%
SGH	F	-0.08%
CVI	F	-0.08%
VTOL	B	-0.07%
VVI	D	-0.07%
UNFI	F	-0.07%
NVRI	C	-0.06%
BLFS	B	-0.06%
NBR	F	-0.06%
DRQ	F	-0.06%
THRY	D	-0.06%
HPP	F	-0.06%
INN	F	-0.06%
UFCS	B	-0.05%
KREF	F	-0.05%
FLGT	D	-0.04%
MERC	A	-0.04%
AOSL	B	-0.04%
CNSL	C	-0.03%
SPWR	F	-0.02%
TTEC	F	-0.02%
ATNI	F	-0.02%