RFLR vs. FESM ETF Comparison

Comparison of Innovator U.S. Small Cap Power Buffer ETF - September Innovator U.S. Small Cap Managed Floor ETF (RFLR) to Fidelity Enhanced Small Cap ETF (FESM)

RFLR

Innovator U.S. Small Cap Power Buffer ETF - September Innovator U.S. Small Cap Managed Floor ETF

RFLR Description

The fund will invest at least 80% of its net assets (including borrowings for investment purposes) in equity securities of U.S. small capitalization companies and option contracts that give economic exposure to equity securities of U.S. small capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.77

Average Daily Volume

5,770

Number of Holdings ^*

1095

* may have additional holdings in another (foreign) market

FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.59

Average Daily Volume

123,580

Number of Holdings ^*

562

* may have additional holdings in another (foreign) market

Performance

Period	RFLR	FESM
30 Days	4.28%	7.42%
60 Days	5.22%	7.32%
90 Days		8.30%
12 Months		39.28%

346 Overlapping Holdings

Symbol	Grade	Weight in RFLR	Weight in FESM	Overlap
ABCB	B	0.18%	0.36%	0.18%
ABM	B	0.14%	0.32%	0.14%
ABSI	F	0.02%	0.05%	0.02%
ACA	A	0.2%	0.37%	0.2%
ACAD	C	0.12%	0.11%	0.11%
ACIW	B	0.16%	0.05%	0.05%
ACLX	C	0.18%	0.03%	0.03%
ADMA	B	0.01%	0.11%	0.01%
ADUS	D	0.1%	0.1%	0.1%
AEO	F	0.08%	0.5%	0.08%
AGIO	C	0.1%	0.14%	0.1%
AGS	A	0.03%	0.09%	0.03%
AIR	B	0.12%	0.49%	0.12%
AKBA	C	0.02%	0.08%	0.02%
AKRO	B	0.09%	0.06%	0.06%
ALE	A	0.2%	0.1%	0.1%
ALRM	C	0.1%	0.16%	0.1%
ALTR	B	0.24%	0.1%	0.1%
ALX	D	0.04%	0.04%	0.04%
AMBA	B	0.11%	0.09%	0.09%
AMPH	F	0.06%	0.1%	0.06%
AMRX	C	0.06%	0.12%	0.06%
AMSC	B	0.08%	0.12%	0.08%
ANGO	C	0.03%	0.02%	0.02%
ANIP	F	0.05%	0.08%	0.05%
AORT	B	0.05%	0.22%	0.05%
AOSL	C	0.04%	0.04%	0.04%
APOG	C	0.04%	0.38%	0.04%
APPN	B	0.08%	0.06%	0.06%
ARAY	C	0.02%	0.08%	0.02%
ARLO	C	0.05%	0.17%	0.05%
AROC	A	0.09%	0.39%	0.09%
ARRY	F	0.03%	0.03%	0.03%
ARVN	F	0.08%	0.06%	0.06%
ARWR	D	0.15%	0.05%	0.05%
ATRC	C	0.09%	0.13%	0.09%
AUB	B	0.15%	0.1%	0.1%
AUR	C	0.19%	0.09%	0.09%
AVD	C	0.04%	0.06%	0.04%
AVNS	F	0.04%	0.18%	0.04%
AWR	B	0.13%	0.3%	0.13%
AX	B	0.2%	0.29%	0.2%
AXGN	C	0.04%	0.21%	0.04%
AXNX	A	0.16%	0.03%	0.03%
AXSM	B	0.18%	0.07%	0.07%
BAND	B	0.03%	0.36%	0.03%
BANF	B	0.12%	0.43%	0.12%
BASE	B	0.03%	0.04%	0.03%
BCC	B	0.15%	0.16%	0.15%
BCO	F	0.03%	0.24%	0.03%
BCPC	B	0.22%	0.09%	0.09%
BCRX	D	0.08%	0.1%	0.08%
BDC	C	0.22%	0.29%	0.22%
BECN	B	0.23%	0.03%	0.03%
BGC	C	0.16%	0.66%	0.16%
BGS	F	0.03%	0.06%	0.03%
BHE	C	0.11%	0.41%	0.11%
BKD	F	0.05%	0.06%	0.05%
BL	B	0.14%	0.2%	0.14%
BLKB	B	0.15%	0.07%	0.07%
BMI	B	0.1%	0.4%	0.1%
BOH	B	0.14%	0.16%	0.14%
BOOT	C	0.22%	0.05%	0.05%
BRSP	C	0.04%	0.04%	0.04%
BSIG	A	0.05%	0.07%	0.05%
BVS	D	0.02%	0.18%	0.02%
CALM	A	0.12%	0.22%	0.12%
CATY	B	0.02%	0.08%	0.02%
CCBG	B	0.06%	0.01%	0.01%
CDE	C	0.07%	0.07%	0.07%
CDP	C	0.13%	0.25%	0.13%
CDXS	B	0.03%	0.06%	0.03%
CECO	B	0.06%	0.35%	0.06%
CEIX	A	0.24%	0.25%	0.24%
CHGG	C	0.02%	0.03%	0.02%
CMPR	D	0.09%	0.39%	0.09%
CNK	C	0.14%	0.14%	0.14%
CNO	B	0.19%	0.27%	0.19%
CNXN	C	0.04%	0.18%	0.04%
COGT	D	0.04%	0.05%	0.04%
COMM	D	0.04%	0.22%	0.04%
CORT	B	0.22%	0.23%	0.22%
COUR	F	0.07%	0.04%	0.04%
CPRX	C	0.1%	0.14%	0.1%
CPS	C	0.03%	0.15%	0.03%
CRAI	C	0.05%	0.22%	0.05%
CRBU	D	0.02%	0.02%	0.02%
CRC	A	0.3%	0.22%	0.22%
CRGY	B	0.07%	0.58%	0.07%
CRNX	C	0.17%	0.13%	0.13%
CRVL	B	0.13%	0.04%	0.04%
CSGS	B	0.03%	0.59%	0.03%
CSR	B	0.04%	0.03%	0.03%
CSWI	B	0.34%	0.17%	0.17%
CTBI	B	0.07%	0.07%	0.07%
CTKB	C	0.03%	0.07%	0.03%
CTRE	C	0.23%	0.2%	0.2%
CVBF	A	0.14%	0.05%	0.05%
CWT	C	0.11%	0.2%	0.11%
CXM	C	0.05%	0.04%	0.04%
DAKT	C	0.03%	0.05%	0.03%
DCO	C	0.05%	0.17%	0.05%
DIOD	D	0.12%	0.1%	0.1%
DNLI	D	0.21%	0.07%	0.07%
DSGN	C	0.02%	0.05%	0.02%
DVAX	C	0.09%	0.02%	0.02%
DY	D	0.24%	0.15%	0.15%
EAT	A	0.2%	0.11%	0.11%
EBS	C	0.03%	0.09%	0.03%
EDIT	F	0.02%	0.03%	0.02%
EE	A	0.04%	0.05%	0.04%
EGHT	B	0.03%	0.29%	0.03%
ENS	F	0.18%	0.61%	0.18%
ENTA	F	0.02%	0.03%	0.02%
EOLS	D	0.04%	0.06%	0.04%
EPAC	C	0.13%	0.23%	0.13%
EQC	B	0.1%	0.31%	0.1%
ESRT	C	0.1%	0.34%	0.1%
ETD	C	0.04%	0.14%	0.04%
ETNB	C	0.06%	0.05%	0.05%
EWTX	C	0.09%	0.16%	0.09%
EZPW	B	0.04%	0.23%	0.04%
FBP	C	0.29%	0.28%	0.28%
FDP	B	0.05%	0.08%	0.05%
FFBC	B	0.09%	0.1%	0.09%
FHI	B	0.14%	0.5%	0.14%
FIZZ	C	0.05%	0.03%	0.03%
FLNC	D	0.07%	0.17%	0.07%
FLYW	B	0.05%	0.05%	0.05%
FNKO	D	0.01%	0.03%	0.01%
FOLD	F	0.12%	0.14%	0.12%
FORM	D	0.08%	0.12%	0.08%
FSS	B	0.14%	0.08%	0.08%
FTDR	B	0.17%	0.08%	0.08%
FUL	F	0.14%	0.52%	0.14%
FULT	A	0.15%	0.19%	0.15%
GATX	A	0.14%	0.01%	0.01%
GCI	D	0.02%	0.03%	0.02%
GEO	B	0.18%	0.22%	0.18%
GERN	D	0.11%	0.04%	0.04%
GHC	B	0.09%	0.14%	0.09%
GIII	D	0.08%	0.03%	0.03%
GNW	A	0.07%	0.33%	0.07%
GT	C	0.11%	0.39%	0.11%
HAE	C	0.26%	0.14%	0.14%
HBI	B	0.08%	0.07%	0.07%
HCI	C	0.04%	0.11%	0.04%
HIMS	B	0.14%	0.03%	0.03%
HL	D	0.17%	0.19%	0.17%
HLIT	D	0.06%	0.09%	0.06%
HNI	B	0.09%	0.2%	0.09%
HNST	A	0.04%	0.03%	0.03%
HROW	D	0.08%	0.03%	0.03%
HRTX	F	0.01%	0.04%	0.01%
HSTM	B	0.08%	0.2%	0.08%
HUMA	F	0.03%	0.03%	0.03%
HURN	C	0.11%	0.21%	0.11%
HWC	B	0.2%	0.22%	0.2%
HWKN	B	0.06%	0.53%	0.06%
HY	D	0.03%	0.18%	0.03%
IART	C	0.1%	0.06%	0.06%
ICFI	F	0.09%	0.04%	0.04%
IDT	B	0.05%	0.03%	0.03%
IMVT	F	0.1%	0.01%	0.01%
INDB	B	0.14%	0.1%	0.1%
INO	F	0.02%	0.01%	0.01%
INTA	B	0.16%	0.17%	0.16%
IOVA	F	0.09%	0.04%	0.04%
IRWD	F	0.03%	0.07%	0.03%
ITRI	C	0.15%	0.47%	0.15%
JAMF	F	0.04%	0.07%	0.04%
JXN	C	0.31%	0.64%	0.31%
KALV	F	0.02%	0.04%	0.02%
KAR	B	0.12%	0.31%	0.12%
KE	C	0.04%	0.07%	0.04%
KNF	B	0.22%	0.13%	0.13%
KREF	C	0.04%	0.12%	0.04%
KRYS	C	0.16%	0.11%	0.11%
KTB	B	0.14%	0.08%	0.08%
KTOS	B	0.1%	0.31%	0.1%
KYMR	D	0.06%	0.03%	0.03%
LADR	B	0.06%	0.1%	0.06%
LGF.A	C	0.03%	0.07%	0.03%
LGF.A	C	0.06%	0.05%	0.05%
LGF.A	C	0.06%	0.07%	0.06%
LGF.A	C	0.03%	0.05%	0.03%
LGND	C	0.09%	0.09%	0.09%
LKFN	C	0.11%	0.52%	0.11%
LMB	B	0.04%	0.17%	0.04%
LMND	B	0.11%	0.51%	0.11%
LUNR	B	0.02%	0.07%	0.02%
LYTS	B	0.04%	0.11%	0.04%
MAC	B	0.21%	0.22%	0.21%
MATX	C	0.31%	0.32%	0.31%
MBWM	B	0.06%	0.03%	0.03%
MCB	B	0.02%	0.02%	0.02%
MCY	A	0.1%	0.03%	0.03%
MDGL	B	0.23%	0.15%	0.15%
MDXG	B	0.05%	0.02%	0.02%
MGNX	F	0.02%	0.04%	0.02%
MHO	D	0.22%	0.59%	0.22%
MLNK	C	0.04%	0.05%	0.04%
MOG.A	B	0.16%	0.25%	0.16%
MQ	D	0.07%	0.02%	0.02%
MRC	B	0.04%	0.08%	0.04%
MRSN	D	0.02%	0.02%	0.02%
MRTN	D	0.1%	0.23%	0.1%
MSBI	B	0.06%	0.04%	0.04%
MTRN	C	0.1%	0.08%	0.08%
MTX	B	0.12%	0.56%	0.12%
MWA	B	0.12%	0.6%	0.12%
MXL	C	0.03%	0.48%	0.03%
NABL	F	0.04%	0.06%	0.04%
NARI	C	0.07%	0.03%	0.03%
NBR	C	0.03%	0.24%	0.03%
NBTB	B	0.12%	0.07%	0.07%
NKTR	F	0.02%	0.02%	0.02%
NMIH	C	0.16%	0.33%	0.16%
NPAB	F	0.12%	0.04%	0.04%
NPK	B	0.05%	0.03%	0.03%
NRIX	C	0.03%	0.14%	0.03%
NSSC	D	0.08%	0.04%	0.04%
NXRT	B	0.06%	0.04%	0.04%
ODP	F	0.06%	0.09%	0.06%
OFG	B	0.18%	0.15%	0.15%
ONTF	C	0.04%	0.02%	0.02%
OPY	B	0.06%	0.05%	0.05%
OTTR	C	0.15%	0.11%	0.11%
OUT	A	0.14%	0.53%	0.14%
PACB	F	0.02%	0.08%	0.02%
PAYO	A	0.08%	0.65%	0.08%
PBH	A	0.18%	0.21%	0.18%
PBI	B	0.07%	0.19%	0.07%
PCRX	C	0.04%	0.08%	0.04%
PD	C	0.09%	0.18%	0.09%
PDCO	F	0.09%	0.02%	0.02%
PDFS	C	0.03%	0.24%	0.03%
PECO	A	0.23%	0.34%	0.23%
PFS	B	0.13%	0.31%	0.13%
PGEN	F	0.02%	0.02%	0.02%
PJT	A	0.17%	0.18%	0.17%
PL	B	0.03%	0.07%	0.03%
PLAB	C	0.08%	0.22%	0.08%
PLXS	B	0.17%	0.23%	0.17%
PRGS	A	0.12%	0.26%	0.12%
PRK	B	0.13%	0.17%	0.13%
PRLB	B	0.05%	0.08%	0.05%
PRO	C	0.04%	0.18%	0.04%
PTCT	B	0.15%	0.17%	0.15%
PTGX	D	0.12%	0.08%	0.08%
QTWO	A	0.25%	0.8%	0.25%
RAMP	B	0.09%	0.02%	0.02%
REPL	D	0.02%	0.07%	0.02%
REZI	A	0.19%	0.46%	0.19%
RM	C	0.04%	0.06%	0.04%
RNA	C	0.16%	0.21%	0.16%
RNST	B	0.1%	0.22%	0.1%
RUSHA	C	0.17%	0.08%	0.08%
RVNC	F	0.03%	0.06%	0.03%
RXO	D	0.13%	0.06%	0.06%
RXRX	F	0.08%	0.09%	0.08%
RYTM	C	0.17%	0.16%	0.16%
SAGE	F	0.02%	0.05%	0.02%
SAH	C	0.05%	0.15%	0.05%
SANA	F	0.02%	0.03%	0.02%
SANM	B	0.18%	0.39%	0.18%
SBH	C	0.11%	0.18%	0.11%
SCS	C	0.05%	0.08%	0.05%
SEM	B	0.2%	0.07%	0.07%
SFBS	C	0.22%	0.18%	0.18%
SFL	D	0.18%	0.02%	0.02%
SHAK	C	0.19%	0.23%	0.19%
SJW	F	0.05%	0.21%	0.05%
SKT	A	0.22%	0.11%	0.11%
SKYW	C	0.18%	0.69%	0.18%
SLG	B	0.24%	0.13%	0.13%
SLVM	B	0.15%	0.18%	0.15%
SMTC	B	0.14%	0.19%	0.14%
SNDX	F	0.11%	0.06%	0.06%
SNEX	B	0.1%	0.25%	0.1%
SPCE	D	0.02%	0.01%	0.01%
SPNS	F	0.03%	0.02%	0.02%
SPOK	B	0.02%	0.02%	0.02%
SPT	C	0.09%	0.08%	0.08%
SRRK	C	0.07%	0.13%	0.07%
STBA	B	0.07%	0.03%	0.03%
STEP	C	0.15%	0.32%	0.15%
STRO	F	0.01%	0.05%	0.01%
SUPN	C	0.09%	0.02%	0.02%
SXC	A	0.06%	0.28%	0.06%
SXT	C	0.13%	0.32%	0.13%
TCBK	C	0.07%	0.02%	0.02%
TCMD	B	0.07%	0.08%	0.07%
TDOC	C	0.1%	0.08%	0.08%
TDS	B	0.12%	0.17%	0.12%
TEX	F	0.16%	0.34%	0.16%
TGTX	B	0.16%	0.09%	0.09%
THR	B	0.08%	0.07%	0.07%
TILE	B	0.06%	0.22%	0.06%
TMCI	C	0.06%	0.05%	0.05%
TNYA	D	0.02%	0.02%	0.02%
TPH	D	0.18%	0.34%	0.18%
TREE	F	0.04%	0.06%	0.04%
TRN	B	0.11%	0.26%	0.11%
TRTX	C	0.03%	0.15%	0.03%
TRUP	B	0.08%	0.12%	0.08%
TSE	F	0.01%	0.02%	0.01%
TSHA	C	0.01%	0.06%	0.01%
TSVT	F	0.01%	0.04%	0.01%
TVTX	C	0.07%	0.16%	0.07%
TWST	F	0.09%	0.14%	0.09%
UCB	A	0.16%	0.14%	0.14%
UCTT	D	0.06%	0.37%	0.06%
UEC	B	0.14%	0.06%	0.06%
UMBF	B	0.21%	0.34%	0.21%
UNIT	B	0.07%	0.11%	0.07%
URGN	F	0.02%	0.01%	0.01%
USLM	A	0.06%	0.03%	0.03%
UVE	B	0.04%	0.04%	0.04%
VCEL	B	0.13%	0.03%	0.03%
VCYT	B	0.15%	0.15%	0.15%
VERA	C	0.09%	0.02%	0.02%
VICR	C	0.05%	0.35%	0.05%
VMEO	B	0.07%	0.51%	0.07%
VNDA	C	0.03%	0.05%	0.03%
VRE	B	0.05%	0.18%	0.05%
VREX	B	0.07%	0.29%	0.07%
VSCO	C	0.11%	0.03%	0.03%
VTOL	B	0.03%	0.1%	0.03%
WABC	B	0.07%	0.21%	0.07%
WEAV	C	0.03%	0.07%	0.03%
WK	B	0.22%	0.28%	0.22%
WMK	C	0.05%	0.07%	0.05%
WS	C	0.06%	0.13%	0.06%
WSBC	B	0.15%	0.15%	0.15%
WT	A	0.05%	0.51%	0.05%
XBIT	F	0.01%	0.01%	0.01%
XNCR	B	0.04%	0.02%	0.02%
XRX	F	0.06%	0.18%	0.06%
YELP	C	0.08%	0.58%	0.08%
YEXT	B	0.03%	0.28%	0.03%
YMAB	F	0.01%	0.03%	0.01%
YOU	D	0.11%	0.32%	0.11%
ZIP	D	0.03%	0.05%	0.03%
ZNTL	F	0.03%	0.04%	0.03%
ZUO	B	0.04%	0.2%	0.04%

RFLR Overweight 751 Positions Relative to FESM

Symbol	Grade	Weight
EPRT	B	0.34%
GPI	B	0.33%
MC	C	0.33%
CNX	A	0.31%
KAI	B	0.3%
KFY	B	0.3%
PIPR	A	0.29%
RDNT	B	0.29%
HLNE	B	0.29%
OLLI	D	0.28%
KD	B	0.28%
ITGR	B	0.28%
FOUR	A	0.28%
CBT	D	0.28%
APPF	B	0.27%
STRL	A	0.26%
AWI	A	0.26%
HRI	C	0.25%
COLB	B	0.25%
MARA	B	0.25%
AVAV	C	0.25%
COOP	B	0.24%
BOX	B	0.24%
TPG	A	0.24%
QXO	D	0.24%
AVNT	B	0.24%
RDN	D	0.24%
IESC	C	0.23%
NVST	B	0.23%
GMS	B	0.23%
SR	A	0.23%
UPST	B	0.23%
RKLB	A	0.23%
BKH	A	0.22%
AEIS	C	0.22%
OGS	A	0.22%
ASB	B	0.21%
ICUI	D	0.21%
HCP	B	0.21%
LOPE	C	0.21%
AGO	B	0.2%
GVA	A	0.2%
LEVI	F	0.2%
BROS	A	0.2%
LXP	D	0.2%
AVT	C	0.19%
SBRA	C	0.19%
FHB	B	0.19%
KMPR	A	0.19%
GTES	A	0.19%
WTM	A	0.18%
KLIC	B	0.18%
LRN	A	0.18%
CCOI	B	0.18%
BFH	C	0.18%
R	B	0.18%
IDCC	B	0.18%
OII	B	0.18%
ALIT	C	0.18%
CWAN	B	0.18%
RDDT	A	0.18%
PK	C	0.17%
PNM	B	0.17%
ENOV	C	0.17%
UE	B	0.17%
SMPL	B	0.17%
DOCS	C	0.17%
ESGR	B	0.17%
TNL	A	0.17%
PRIM	A	0.17%
CBZ	B	0.16%
LITE	B	0.16%
NWL	C	0.16%
ROIC	A	0.16%
SYNA	C	0.16%
WD	D	0.16%
MOD	A	0.16%
GPOR	B	0.16%
SITM	B	0.16%
CCS	D	0.16%
KMT	B	0.16%
HCC	B	0.16%
TCBI	C	0.16%
EBC	B	0.16%
SPR	D	0.16%
ABR	C	0.15%
POWL	C	0.15%
KFRC	D	0.15%
ABG	C	0.15%
IBOC	B	0.15%
LCII	C	0.15%
PEGA	B	0.15%
FIVN	C	0.15%
NCNO	C	0.15%
HUBG	A	0.15%
ESE	B	0.15%
LAUR	A	0.15%
ROAD	B	0.15%
RRR	F	0.15%
RIOT	C	0.15%
HASI	D	0.15%
WDFC	B	0.15%
WSFS	B	0.15%
MGEE	B	0.15%
PENN	C	0.15%
SLAB	F	0.15%
MSGS	A	0.14%
ATGE	B	0.14%
SFNC	C	0.14%
MGRC	B	0.14%
GRBK	D	0.14%
CLSK	C	0.14%
STC	B	0.14%
BHF	C	0.14%
AI	B	0.14%
SGBX	F	0.14%
CVCO	A	0.14%
ARCH	B	0.14%
TGNA	B	0.14%
ARI	C	0.14%
UAA	C	0.14%
JBT	B	0.13%
HTLF	B	0.13%
SMG	C	0.13%
IIPR	D	0.13%
PPBI	C	0.13%
CPA	D	0.13%
HIW	C	0.13%
VIRT	A	0.13%
ARCB	C	0.13%
DEI	B	0.13%
MIR	A	0.13%
IOSP	C	0.13%
SPB	C	0.13%
FCPT	C	0.13%
MRCY	C	0.13%
AVA	A	0.13%
NMRK	C	0.13%
FIBK	B	0.13%
AMED	F	0.13%
ALG	B	0.13%
FROG	C	0.13%
KSS	F	0.13%
BKU	A	0.13%
BNL	D	0.13%
APAM	B	0.13%
KWR	C	0.12%
VCTR	B	0.12%
JBLU	F	0.12%
PLUS	F	0.12%
IBTX	B	0.12%
BANC	B	0.12%
FA	C	0.12%
OMCL	C	0.12%
RNG	C	0.12%
RPD	B	0.12%
HI	C	0.12%
ENR	B	0.12%
SYBT	B	0.12%
AKR	B	0.12%
SBCF	B	0.12%
SHO	D	0.12%
UNF	B	0.12%
NGVT	B	0.12%
PCH	F	0.12%
NVGS	D	0.12%
AGYS	A	0.12%
CAKE	C	0.12%
FRSH	B	0.12%
SAM	C	0.12%
CXW	C	0.12%
PTON	A	0.12%
CNS	B	0.12%
WAFD	B	0.12%
DORM	B	0.12%
EPR	C	0.12%
WHD	B	0.12%
MYRG	B	0.11%
CALX	D	0.11%
UMH	B	0.11%
TTMI	C	0.11%
VSH	F	0.11%
FBNC	B	0.11%
PARR	F	0.11%
CARG	B	0.11%
SIG	B	0.11%
PSMT	D	0.11%
DRH	B	0.11%
ENVA	B	0.11%
GSHD	A	0.11%
MNKD	C	0.11%
GLNG	C	0.11%
PRVA	C	0.11%
EVTC	B	0.11%
JWN	D	0.11%
AGM	B	0.11%
TDC	D	0.11%
VC	F	0.11%
WTTR	A	0.11%
VAC	C	0.11%
SGRY	F	0.11%
MIRM	B	0.11%
FELE	B	0.11%
JJSF	C	0.11%
DV	C	0.11%
NX	C	0.1%
PHIN	A	0.1%
STAA	F	0.1%
BXC	B	0.1%
PEB	D	0.1%
NHC	C	0.1%
RC	D	0.1%
WINA	C	0.1%
VIAV	C	0.1%
VSEC	C	0.1%
IMKTA	C	0.1%
KN	B	0.1%
NOG	B	0.1%
NNI	D	0.1%
CMCO	C	0.1%
SHC	F	0.1%
DOCN	C	0.1%
GBX	A	0.1%
NTB	B	0.1%
ADNT	F	0.1%
BXMT	C	0.1%
CWEN	C	0.1%
IPAR	B	0.1%
LGIH	F	0.1%
GOLF	B	0.1%
BKE	B	0.1%
PRCT	B	0.09%
GO	C	0.09%
PRDO	B	0.09%
WRBY	A	0.09%
ENV	B	0.09%
QS	F	0.09%
DNOW	B	0.09%
KROS	D	0.09%
LBPH	A	0.09%
AIV	C	0.09%
DFIN	D	0.09%
PLUG	F	0.09%
ELME	D	0.09%
STRA	C	0.09%
HLIO	B	0.09%
FRHC	B	0.09%
PAR	A	0.09%
PI	D	0.09%
MP	C	0.09%
NWE	B	0.09%
GSAT	C	0.09%
IPGP	D	0.09%
WERN	C	0.09%
LZB	B	0.09%
CXT	C	0.09%
APLE	B	0.09%
CABO	B	0.09%
VSTO	A	0.09%
VERX	A	0.09%
PZZA	F	0.09%
UA	C	0.09%
BTU	B	0.09%
VRDN	D	0.08%
SONO	C	0.08%
GOGO	C	0.08%
USPH	B	0.08%
RVLV	A	0.08%
HEES	C	0.08%
SOUN	B	0.08%
XMTR	B	0.08%
ROG	D	0.08%
REVG	C	0.08%
HAYW	B	0.08%
PATK	C	0.08%
TALO	C	0.08%
HELE	C	0.08%
SXI	B	0.08%
MODG	F	0.08%
OKLO	B	0.08%
OEC	C	0.08%
SHOO	F	0.08%
FOXF	F	0.08%
CRK	B	0.08%
VSTS	C	0.08%
PRM	C	0.08%
SMR	B	0.08%
CC	C	0.08%
CUBI	B	0.08%
REX	D	0.08%
PNTG	D	0.07%
INDI	C	0.07%
UNTY	B	0.07%
CHEF	A	0.07%
CVI	F	0.07%
SKY	A	0.07%
CAL	F	0.07%
PCT	C	0.07%
TARS	C	0.07%
NIC	B	0.07%
TMP	B	0.07%
ZETA	D	0.07%
EPC	F	0.07%
BE	B	0.07%
CLNE	F	0.07%
AGX	B	0.07%
ALGT	B	0.07%
TRIP	F	0.07%
AMR	C	0.07%
EYE	C	0.07%
HMN	B	0.07%
CGON	F	0.07%
BLFS	C	0.07%
AVXL	B	0.07%
JANX	C	0.07%
GENI	C	0.07%
B	A	0.07%
UPWK	B	0.07%
AHCO	F	0.06%
IVT	A	0.06%
XHR	B	0.06%
CERT	F	0.06%
HTBK	B	0.06%
IRON	B	0.06%
PFIS	A	0.06%
KOS	D	0.06%
OSW	B	0.06%
CBL	B	0.06%
FCBC	C	0.06%
BCML	B	0.06%
AMC	C	0.06%
GASS	D	0.06%
TRST	B	0.06%
EBTC	C	0.06%
SPFI	C	0.06%
TRS	B	0.06%
MCBS	B	0.06%
EEX	C	0.06%
TPB	B	0.06%
DFH	D	0.06%
CMRE	C	0.06%
EFC	C	0.06%
ACT	C	0.06%
DAWN	D	0.06%
CRMT	D	0.06%
AAOI	B	0.06%
SHBI	B	0.06%
BLMN	F	0.06%
WTBA	B	0.06%
SATS	D	0.06%
AHH	D	0.06%
WWW	A	0.06%
OBK	C	0.06%
EVRI	A	0.06%
SABR	C	0.06%
RBCAA	B	0.06%
SAFT	B	0.06%
PLRX	D	0.06%
SBSI	C	0.06%
OCUL	D	0.06%
LEU	C	0.06%
SMBK	B	0.06%
CASH	B	0.06%
TRMK	C	0.06%
NTST	C	0.06%
CNOB	B	0.06%
KLG	B	0.06%
AMRC	F	0.06%
IRMD	C	0.06%
SEMR	C	0.06%
CAC	C	0.06%
XPEL	B	0.06%
CIVB	B	0.06%
GES	F	0.06%
WASH	C	0.06%
BMRC	B	0.06%
SNDR	B	0.06%
NEXT	C	0.06%
TPC	C	0.06%
DBRG	F	0.06%
HFWA	C	0.06%
ALEX	B	0.06%
PFC	B	0.06%
ARDX	F	0.06%
TGLS	B	0.05%
FWRD	D	0.05%
TROX	D	0.05%
SPRY	C	0.05%
MD	C	0.05%
MNRO	D	0.05%
INOD	B	0.05%
CNNE	B	0.05%
WULF	C	0.05%
SFST	B	0.05%
KRNY	C	0.05%
UFCS	A	0.05%
BLX	B	0.05%
PINE	C	0.05%
SCSC	C	0.05%
ASTE	C	0.05%
SNCY	C	0.05%
FFIC	B	0.05%
MLR	C	0.05%
MSEX	C	0.05%
NAVI	F	0.05%
ULH	C	0.05%
PSTL	D	0.05%
FREY	B	0.05%
CFFN	C	0.05%
ATSG	B	0.05%
LNN	B	0.05%
SCL	C	0.05%
CLB	B	0.05%
VTLE	C	0.05%
FRBA	D	0.05%
FWRG	C	0.05%
USCB	B	0.05%
NVEE	F	0.05%
DRVN	B	0.05%
SPNT	B	0.05%
DLX	B	0.05%
DGICA	A	0.05%
CIFR	C	0.05%
FSLY	D	0.05%
BFS	C	0.05%
ACCO	C	0.05%
ECVT	C	0.05%
NVRO	F	0.05%
OLP	B	0.05%
ANET	C	0.05%
HSII	B	0.05%
LC	A	0.05%
CZNC	C	0.05%
GNTY	A	0.05%
ACHR	B	0.05%
CTO	B	0.05%
ALRS	D	0.05%
TSBK	A	0.05%
ASAN	B	0.05%
CBRL	C	0.05%
OLO	A	0.05%
FNLC	C	0.05%
CLOV	D	0.05%
BWB	B	0.05%
RLJ	C	0.05%
CAR	C	0.05%
ATEN	A	0.05%
VVI	C	0.05%
MSGE	F	0.05%
CBAN	B	0.05%
AMWD	C	0.05%
EGBN	B	0.05%
PCB	B	0.05%
CTLP	B	0.05%
CBNK	B	0.05%
NWN	A	0.05%
RBB	B	0.05%
CTS	C	0.05%
SD	D	0.05%
NBN	C	0.05%
HBCP	C	0.05%
GSBC	C	0.05%
FBIZ	B	0.05%
RCUS	F	0.05%
UNFI	A	0.05%
JBI	F	0.05%
DCOM	B	0.05%
MOFG	B	0.05%
NTCT	C	0.05%
IMXI	B	0.04%
BH	B	0.04%
ASTH	F	0.04%
TTGT	B	0.04%
DBI	F	0.04%
MBIN	F	0.04%
PRTH	B	0.04%
BOC	C	0.04%
TYRA	F	0.04%
BCBP	B	0.04%
TWI	F	0.04%
CSTL	D	0.04%
SB	F	0.04%
TTI	B	0.04%
BKSY	B	0.04%
VEL	A	0.04%
MCW	C	0.04%
FORR	C	0.04%
SAVA	C	0.04%
SBT	C	0.04%
SWBI	C	0.04%
PRCH	B	0.04%
GLDD	B	0.04%
FIGS	F	0.04%
UTI	B	0.04%
DGII	C	0.04%
RYI	C	0.04%
RBBN	C	0.04%
AVO	C	0.04%
GDYN	B	0.04%
KALU	C	0.04%
GTX	C	0.04%
BLND	A	0.04%
CHCT	C	0.04%
PPTA	C	0.04%
BMBL	C	0.04%
HTZ	C	0.04%
ENVX	F	0.04%
GDEN	B	0.04%
CENX	B	0.04%
KOP	C	0.04%
DX	B	0.04%
LESL	D	0.04%
DOLE	D	0.04%
PRA	C	0.04%
LAND	F	0.04%
PGRE	F	0.04%
TRNS	D	0.04%
CARE	C	0.04%
HAYN	A	0.04%
PLTK	B	0.04%
PYCR	B	0.04%
HGTY	B	0.04%
KW	C	0.04%
PUMP	C	0.04%
FPI	B	0.04%
UTZ	D	0.04%
AMTB	B	0.04%
JACK	C	0.04%
APLT	C	0.04%
BZH	C	0.04%
CGEM	F	0.04%
WOLF	F	0.04%
PDM	D	0.04%
AROW	B	0.04%
BV	C	0.04%
CDXC	B	0.04%
APLD	B	0.04%
INVA	D	0.04%
TRC	F	0.04%
ECPG	C	0.04%
COHU	C	0.04%
PAY	A	0.04%
IBUY	B	0.04%
RBRK	A	0.04%
BJRI	C	0.04%
PCYO	A	0.04%
XOMA	C	0.03%
NPCE	C	0.03%
RDUS	B	0.03%
CCO	C	0.03%
CDRE	F	0.03%
EAF	C	0.03%
BYND	F	0.03%
LILAK	D	0.03%
ATUS	B	0.03%
LQDA	F	0.03%
OM	D	0.03%
BALY	B	0.03%
LWLG	D	0.03%
TRDA	C	0.03%
GEVO	D	0.03%
XERS	C	0.03%
RES	D	0.03%
DAN	D	0.03%
ERII	D	0.03%
PFMT	F	0.03%
VOR	D	0.03%
AIOT	B	0.03%
RXST	F	0.03%
NNBR	C	0.03%
CCSI	C	0.03%
ZUMZ	B	0.03%
GATO	C	0.03%
ODC	B	0.03%
HNRG	B	0.03%
OZ	C	0.03%
LFST	B	0.03%
NAPA	A	0.03%
CATO	D	0.03%
MTRX	B	0.03%
CVGW	D	0.03%
ONEW	F	0.03%
DC	D	0.03%
NRDS	C	0.03%
PTLO	F	0.03%
BTBT	C	0.03%
ASIX	B	0.03%
USM	B	0.03%
AMCX	C	0.03%
LOVE	A	0.03%
KRUS	B	0.03%
ESEA	D	0.03%
WRLD	C	0.03%
GTN	F	0.03%
FFWM	C	0.03%
GDOT	D	0.03%
OSUR	F	0.03%
FOR	F	0.03%
BBW	C	0.03%
AMPS	C	0.03%
NINE	C	0.03%
METC	C	0.03%
FLGT	F	0.03%
QNST	B	0.03%
MNMD	C	0.03%
CDZI	C	0.03%
DCGO	B	0.03%
EXFY	A	0.03%
RPAY	D	0.03%
IAS	C	0.03%
OMER	A	0.03%
MEI	F	0.03%
LIND	C	0.03%
BIGC	B	0.03%
MITK	C	0.03%
OFIX	C	0.03%
SHYF	C	0.03%
PTVE	B	0.03%
VZIO	A	0.03%
SPTN	D	0.03%
WLDN	C	0.03%
CVEO	F	0.03%
COFS	A	0.03%
IE	C	0.03%
ACDC	B	0.03%
MGNI	B	0.03%
PUBM	C	0.03%
GWRS	B	0.03%
SMTI	B	0.03%
CRMD	C	0.03%
FET	F	0.03%
VIR	D	0.03%
SLP	D	0.03%
OLMA	F	0.03%
ACTG	D	0.03%
PLOW	D	0.03%
MBUU	B	0.03%
ALKT	B	0.03%
HVT	D	0.03%
ASRT	D	0.02%
BLNK	F	0.02%
LWAY	C	0.02%
AQST	D	0.02%
KFS	B	0.02%
GBLI	C	0.02%
STTK	F	0.02%
FULC	F	0.02%
VRRM	F	0.02%
IRBT	F	0.02%
VITL	D	0.02%
SERA	F	0.02%
ANGI	F	0.02%
ACMR	D	0.02%
MODV	C	0.02%
NDLS	F	0.02%
RYAM	C	0.02%
REAL	B	0.02%
OPRX	F	0.02%
OLPX	D	0.02%
HAIN	D	0.02%
ESPR	B	0.02%
AEHR	F	0.02%
MEC	F	0.02%
SCPH	F	0.02%
EYPT	D	0.02%
LRMR	D	0.02%
PLCE	C	0.02%
DDD	C	0.02%
BRCC	F	0.02%
SWIM	C	0.02%
RZLT	C	0.02%
MVIS	F	0.02%
CRCT	F	0.02%
ELVN	D	0.02%
OBIO	C	0.02%
GLSI	F	0.02%
UONE	F	0.02%
UIS	B	0.02%
ACRV	F	0.02%
RSI	A	0.02%
SENS	F	0.02%
LXRX	F	0.02%
ARKO	C	0.02%
OUST	C	0.02%
ALLO	F	0.02%
GSL	F	0.02%
SLDP	F	0.02%
ACIC	B	0.02%
KOPN	C	0.02%
TLYS	F	0.02%
PHAT	F	0.02%
CEVA	B	0.02%
MUX	D	0.02%
PSTX	D	0.02%
LFMD	D	0.02%
NVRI	D	0.02%
CLFD	F	0.02%
VERV	F	0.02%
PACK	B	0.02%
INNV	F	0.02%
AEYE	C	0.02%
IHRT	B	0.02%
CELC	F	0.02%
BOOM	F	0.02%
RLGT	B	0.02%
XPOF	C	0.02%
PAYS	F	0.02%
CPK	A	0.02%
EOSE	D	0.02%
BELFB	C	0.02%
COOK	D	0.02%
SRDX	B	0.02%
QSI	C	0.02%
BFLY	B	0.02%
BOWL	C	0.02%
ALDX	D	0.02%
LYEL	F	0.02%
STXS	C	0.02%
LAZR	D	0.02%
SRI	F	0.02%
RCEL	B	0.02%
IBTA	C	0.02%
PINC	B	0.01%
LILA	D	0.01%
GOSS	F	0.01%
LNZA	F	0.01%
SES	F	0.01%
APPS	F	0.01%
IGMS	F	0.01%
BMEA	F	0.01%
PSNL	D	0.01%
VERU	F	0.01%
TPIC	F	0.01%
CABA	F	0.01%
FPH	C	0.01%
VERI	F	0.01%
BLUE	F	0.01%
SLQT	C	0.01%
CADL	F	0.01%
RAPT	F	0.01%
SGHT	F	0.01%
BW	D	0.01%
INZY	F	0.01%
GHLD	F	0.01%
MAX	F	0.01%
ALXO	F	0.01%
NRC	F	0.01%
PRME	F	0.01%
WNC	C	0.0%
ORGN	D	0.0%
SDGR	C	0.0%

RFLR Underweight 218 Positions Relative to FESM

Symbol	Grade	Weight
SFM	A	-0.97%
LUMN	C	-0.86%
CRS	B	-0.81%
CVLT	B	-0.77%
ANF	F	-0.74%
FN	C	-0.74%
SPSC	D	-0.72%
COMP	B	-0.58%
IBP	D	-0.57%
NWBI	B	-0.57%
QLYS	B	-0.56%
EME	A	-0.55%
CVNA	B	-0.55%
FIX	A	-0.55%
EXLS	B	-0.54%
PRG	C	-0.54%
MTDR	B	-0.51%
UPBD	B	-0.5%
FLR	B	-0.5%
IGT	F	-0.49%
AIT	B	-0.47%
TMHC	C	-0.47%
LANC	C	-0.45%
SIGI	C	-0.44%
CODI	B	-0.44%
INSM	C	-0.42%
MMSI	A	-0.4%
WTS	B	-0.39%
CBU	B	-0.37%
AAT	B	-0.36%
CRDO	B	-0.36%
PCVX	D	-0.36%
TENB	C	-0.36%
GH	B	-0.35%
CNMD	C	-0.35%
FFIN	B	-0.35%
BBSI	B	-0.33%
SF	B	-0.32%
ATI	C	-0.32%
COKE	C	-0.32%
SWX	B	-0.31%
NJR	A	-0.3%
MTH	D	-0.3%
WOOF	D	-0.3%
GFF	A	-0.3%
PHR	F	-0.29%
TRNO	F	-0.28%
LNW	F	-0.28%
RVMD	C	-0.26%
PLPC	B	-0.25%
HP	C	-0.25%
HQY	A	-0.24%
PSN	D	-0.24%
CPF	B	-0.23%
BUSE	B	-0.23%
HLX	B	-0.23%
ROCK	C	-0.21%
HALO	F	-0.21%
OI	C	-0.21%
AXL	C	-0.21%
ALKS	C	-0.21%
KBH	D	-0.2%
TNC	D	-0.19%
MUR	D	-0.19%
UBSI	B	-0.19%
RMBS	B	-0.19%
CADE	B	-0.18%
FRME	B	-0.18%
IRTC	C	-0.17%
EXPI	D	-0.16%
DXPE	C	-0.16%
BPMC	B	-0.16%
CYTK	F	-0.16%
DOMO	B	-0.15%
STNG	F	-0.15%
NFBK	C	-0.15%
AMSF	B	-0.15%
OPCH	D	-0.14%
WKC	C	-0.14%
FLXS	B	-0.14%
VRTS	B	-0.14%
WSR	A	-0.13%
EXTR	C	-0.13%
SRCE	B	-0.13%
BRC	D	-0.12%
ZEUS	C	-0.12%
DK	C	-0.12%
REPX	A	-0.12%
CHX	C	-0.11%
HCAT	D	-0.11%
DYN	F	-0.11%
CDNA	D	-0.11%
TRUE	C	-0.1%
OSCR	D	-0.1%
NGVC	A	-0.1%
GKOS	B	-0.1%
GMRE	F	-0.1%
KURA	F	-0.1%
RDFN	D	-0.1%
VBTX	B	-0.09%
ADPT	C	-0.09%
AMAL	B	-0.09%
MYGN	F	-0.09%
ARQT	B	-0.09%
BSRR	B	-0.08%
SGMO	C	-0.08%
CDMO	A	-0.08%
DEA	D	-0.08%
EGP	D	-0.08%
LTH	C	-0.08%
AIN	C	-0.08%
URBN	C	-0.08%
WVE	C	-0.08%
SSTK	F	-0.08%
LNTH	D	-0.07%
LIVN	F	-0.07%
NVAX	F	-0.07%
ORIC	F	-0.07%
KOD	B	-0.07%
HRTG	C	-0.07%
FISI	B	-0.07%
PGC	B	-0.07%
MYE	F	-0.07%
OPEN	F	-0.07%
NUVB	C	-0.07%
ATNI	F	-0.07%
MEDP	D	-0.07%
WSBF	C	-0.07%
COLL	F	-0.07%
BBIO	F	-0.07%
ANNX	F	-0.06%
ERAS	C	-0.06%
ARCT	F	-0.06%
CMC	B	-0.06%
CCCC	F	-0.06%
HURC	B	-0.06%
GIC	D	-0.06%
CLDX	F	-0.06%
CERS	D	-0.06%
QTRX	F	-0.06%
FBK	C	-0.06%
ALLK	D	-0.05%
OABI	F	-0.05%
PAHC	C	-0.05%
ATRO	D	-0.05%
ORGO	B	-0.05%
UHT	D	-0.05%
OIS	B	-0.05%
BY	B	-0.05%
SNBR	F	-0.05%
ONTO	F	-0.05%
MCRI	A	-0.05%
LPSN	F	-0.04%
BLBD	D	-0.04%
BDTX	F	-0.04%
TNDM	D	-0.04%
TERN	F	-0.04%
NUVL	C	-0.04%
VYGR	F	-0.04%
IDYA	F	-0.04%
TXRH	B	-0.04%
PRTS	C	-0.03%
ANIK	D	-0.03%
ACET	F	-0.03%
RMAX	C	-0.03%
SHEN	F	-0.03%
CWCO	C	-0.03%
RLMD	F	-0.03%
BEAM	D	-0.03%
ENSG	C	-0.03%
STNE	F	-0.03%
MED	D	-0.03%
RLAY	F	-0.03%
RCKT	F	-0.03%
ASC	F	-0.03%
UVSP	B	-0.03%
UFPI	C	-0.03%
ETWO	F	-0.03%
BHLB	B	-0.03%
LMAT	A	-0.03%
GRC	A	-0.03%
FATE	F	-0.03%
RCKY	F	-0.02%
EB	C	-0.02%
UPLD	B	-0.02%
DIN	C	-0.02%
CTMX	F	-0.02%
NTLA	F	-0.02%
ZIMV	D	-0.02%
TNET	F	-0.02%
ABUS	D	-0.02%
SVRA	F	-0.02%
JBSS	F	-0.02%
PRAA	D	-0.02%
GPRE	F	-0.02%
FCF	B	-0.02%
DOC	C	-0.02%
SWTX	C	-0.02%
ALHC	C	-0.02%
NKTX	F	-0.02%
ALEC	F	-0.02%
ALT	C	-0.02%
KPTI	D	-0.02%
PBYI	C	-0.02%
FSTR	B	-0.02%
PKE	B	-0.02%
BOLT	F	-0.01%
CARA	D	-0.01%
WFRD	D	-0.01%
ALVR	F	-0.01%
NOVA	F	-0.01%
ZDGE	F	-0.01%
FGEN	D	-0.01%
CHRS	D	-0.01%
AVTE	D	-0.01%
SMMT	D	-0.01%
ADAP	F	-0.01%
RIG	D	-0.01%