SAA vs. JPSE ETF Comparison

Comparison of ProShares Ultra SmallCap600 (SAA) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

SAA

ProShares Ultra SmallCap600

SAA Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.95

Average Daily Volume

16,199

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$48.02

Average Daily Volume

36,536

Number of Holdings ^*

531

* may have additional holdings in another (foreign) market

Performance

Period	SAA	JPSE
30 Days	1.84%	3.02%
60 Days	-2.11%	1.29%
90 Days	16.74%	10.61%
12 Months	38.73%	23.81%

320 Overlapping Holdings

Symbol	Grade	Weight in SAA	Weight in JPSE	Overlap
AAT	C	0.07%	0.23%	0.07%
ABCB	C	0.21%	0.28%	0.21%
ABG	D	0.24%	0.12%	0.12%
ABM	D	0.16%	0.19%	0.16%
ACA	B	0.24%	0.32%	0.24%
ACLS	F	0.17%	0.13%	0.13%
ADUS	C	0.12%	0.24%	0.12%
AEIS	D	0.2%	0.26%	0.2%
AEO	D	0.19%	0.2%	0.19%
AGYS	D	0.12%	0.3%	0.12%
AHCO	C	0.06%	0.07%	0.06%
AIN	F	0.14%	0.13%	0.13%
AKR	B	0.13%	0.29%	0.13%
ALEX	C	0.07%	0.15%	0.07%
ALKS	D	0.23%	0.18%	0.18%
ALRM	F	0.14%	0.12%	0.12%
AMPH	D	0.09%	0.24%	0.09%
AMR	D	0.13%	0.21%	0.13%
AMWD	C	0.07%	0.06%	0.06%
ANDE	D	0.08%	0.27%	0.08%
ANIP	F	0.05%	0.19%	0.05%
AOSL	D	0.04%	0.02%	0.02%
APAM	C	0.16%	0.15%	0.15%
APLE	C	0.18%	0.23%	0.18%
APOG	B	0.08%	0.2%	0.08%
ARCB	D	0.14%	0.22%	0.14%
ARCH	D	0.12%	0.2%	0.12%
ARI	F	0.06%	0.1%	0.06%
AROC	D	0.18%	0.31%	0.18%
ASIX	B	0.04%	0.13%	0.04%
ASO	D	0.23%	0.24%	0.23%
ASTH	B	0.12%	0.27%	0.12%
ATEN	C	0.05%	0.15%	0.05%
AUB	D	0.17%	0.12%	0.12%
AVA	B	0.15%	0.29%	0.15%
AVNS	C	0.06%	0.06%	0.06%
AWR	C	0.16%	0.2%	0.16%
AX	D	0.18%	0.23%	0.18%
AZZ	C	0.13%	0.18%	0.13%
B	C	0.09%	0.05%	0.05%
BANF	C	0.11%	0.03%	0.03%
BCC	C	0.28%	0.33%	0.28%
BCPC	C	0.29%	0.3%	0.29%
BDN	C	0.05%	0.22%	0.05%
BGS	D	0.04%	0.2%	0.04%
BHE	C	0.08%	0.25%	0.08%
BKE	B	0.07%	0.3%	0.07%
BLMN	F	0.06%	0.14%	0.06%
BMI	B	0.33%	0.33%	0.33%
BSIG	C	0.04%	0.06%	0.04%
BTU	C	0.16%	0.21%	0.16%
CABO	F	0.08%	0.2%	0.08%
CAL	F	0.06%	0.03%	0.03%
CALM	B	0.16%	0.31%	0.16%
CALX	C	0.12%	0.18%	0.12%
CARG	C	0.13%	0.22%	0.13%
CARS	F	0.05%	0.05%	0.05%
CASH	D	0.08%	0.08%	0.08%
CATY	C	0.16%	0.18%	0.16%
CCOI	C	0.16%	0.27%	0.16%
CCRN	F	0.02%	0.05%	0.02%
CCS	C	0.14%	0.13%	0.13%
CEIX	C	0.14%	0.25%	0.14%
CENTA	F	0.09%	0.16%	0.09%
CENX	C	0.04%	0.23%	0.04%
CHCO	D	0.09%	0.06%	0.06%
CHEF	C	0.07%	0.13%	0.07%
CHUY	C	0.03%	0.01%	0.01%
CLW	F	0.03%	0.18%	0.03%
CNMD	D	0.12%	0.16%	0.12%
CNS	B	0.13%	0.08%	0.08%
CNSL	A	0.02%	0.1%	0.02%
CNXN	B	0.05%	0.18%	0.05%
COHU	F	0.06%	0.19%	0.06%
COLL	C	0.06%	0.29%	0.06%
COOP	C	0.3%	0.3%	0.3%
CORT	B	0.21%	0.36%	0.21%
CPK	B	0.14%	0.3%	0.14%
CPRX	C	0.12%	0.3%	0.12%
CRC	C	0.19%	0.19%	0.19%
CRK	C	0.05%	0.17%	0.05%
CRS	C	0.41%	0.34%	0.34%
CRVL	B	0.15%	0.3%	0.15%
CSGS	C	0.07%	0.14%	0.07%
CSWI	B	0.31%	0.29%	0.29%
CTRE	C	0.24%	0.3%	0.24%
CTS	D	0.07%	0.2%	0.07%
CVI	F	0.04%	0.14%	0.04%
CWK	B	0.16%	0.07%	0.07%
CWT	D	0.16%	0.21%	0.16%
CXW	F	0.07%	0.24%	0.07%
DEA	D	0.07%	0.19%	0.07%
DEI	B	0.15%	0.25%	0.15%
DFIN	D	0.09%	0.08%	0.08%
DGII	D	0.05%	0.21%	0.05%
DIOD	F	0.14%	0.19%	0.14%
DNOW	F	0.07%	0.15%	0.07%
DORM	C	0.16%	0.07%	0.07%
DRH	C	0.1%	0.21%	0.1%
DVAX	D	0.07%	0.18%	0.07%
DXPE	C	0.03%	0.02%	0.02%
EFC	C	0.06%	0.25%	0.06%
EIG	C	0.06%	0.16%	0.06%
ENR	D	0.1%	0.25%	0.1%
ENSG	D	0.44%	0.3%	0.3%
ENVA	C	0.11%	0.31%	0.11%
EPC	F	0.09%	0.26%	0.09%
EPRT	B	0.31%	0.31%	0.31%
ETH	D	0.04%	0.26%	0.04%
EVTC	D	0.11%	0.12%	0.11%
EXPI	C	0.06%	0.13%	0.06%
EXTR	C	0.1%	0.25%	0.1%
FBP	C	0.17%	0.16%	0.16%
FCF	D	0.09%	0.07%	0.07%
FCPT	C	0.14%	0.27%	0.14%
FDP	C	0.05%	0.23%	0.05%
FELE	B	0.21%	0.3%	0.21%
FFBC	D	0.12%	0.11%	0.11%
FIZZ	D	0.05%	0.24%	0.05%
FLGT	F	0.02%	0.08%	0.02%
FORM	F	0.18%	0.24%	0.18%
FSS	D	0.29%	0.27%	0.27%
FUL	D	0.23%	0.29%	0.23%
FULT	D	0.17%	0.15%	0.15%
GEO	F	0.09%	0.27%	0.09%
GFF	C	0.15%	0.18%	0.15%
GIII	D	0.06%	0.08%	0.06%
GMS	C	0.18%	0.25%	0.18%
GNW	C	0.15%	0.19%	0.15%
GOGO	F	0.02%	0.13%	0.02%
GPI	B	0.26%	0.31%	0.26%
GRBK	B	0.13%	0.25%	0.13%
GTY	C	0.08%	0.16%	0.08%
HAIN	C	0.04%	0.11%	0.04%
HASI	C	0.21%	0.25%	0.21%
HAYN	D	0.04%	0.18%	0.04%
HCC	D	0.16%	0.27%	0.16%
HCSG	D	0.04%	0.04%	0.04%
HI	F	0.1%	0.05%	0.05%
HLIT	C	0.09%	0.3%	0.09%
HLX	D	0.08%	0.26%	0.08%
HMN	C	0.07%	0.04%	0.04%
HNI	C	0.13%	0.25%	0.13%
HOPE	D	0.08%	0.16%	0.08%
HPP	F	0.04%	0.01%	0.01%
HRMY	B	0.06%	0.11%	0.06%
HSII	C	0.04%	0.07%	0.04%
HTH	D	0.08%	0.13%	0.08%
HUBG	C	0.15%	0.07%	0.07%
HWKN	B	0.12%	0.19%	0.12%
IBP	C	0.29%	0.3%	0.29%
ICHR	D	0.05%	0.08%	0.05%
IDCC	B	0.18%	0.3%	0.18%
IIPR	B	0.2%	0.32%	0.2%
INN	B	0.04%	0.13%	0.04%
INVA	C	0.05%	0.28%	0.05%
IOSP	F	0.14%	0.26%	0.14%
IPAR	D	0.11%	0.12%	0.11%
IRWD	F	0.03%	0.03%	0.03%
ITGR	C	0.22%	0.28%	0.22%
JBSS	F	0.04%	0.2%	0.04%
JJSF	B	0.14%	0.26%	0.14%
JOE	D	0.12%	0.3%	0.12%
JXN	B	0.35%	0.32%	0.32%
KALU	D	0.06%	0.2%	0.06%
KFY	C	0.2%	0.16%	0.16%
KLG	D	0.06%	0.18%	0.06%
KLIC	D	0.12%	0.22%	0.12%
KOP	F	0.04%	0.21%	0.04%
KTB	B	0.2%	0.3%	0.2%
KWR	D	0.12%	0.19%	0.12%
LBRT	F	0.18%	0.23%	0.18%
LCII	C	0.16%	0.15%	0.15%
LGND	D	0.09%	0.27%	0.09%
LPG	F	0.06%	0.22%	0.06%
LTC	C	0.08%	0.28%	0.08%
LUMN	C	0.38%	0.36%	0.36%
LXP	C	0.15%	0.21%	0.15%
LZB	C	0.09%	0.3%	0.09%
MAC	B	0.2%	0.31%	0.2%
MATV	D	0.05%	0.2%	0.05%
MATX	B	0.25%	0.32%	0.25%
MC	C	0.25%	0.3%	0.25%
MGEE	C	0.17%	0.23%	0.17%
MGPI	F	0.06%	0.2%	0.06%
MGY	D	0.25%	0.28%	0.25%
MHO	B	0.24%	0.31%	0.24%
MLI	B	0.42%	0.32%	0.32%
MLKN	F	0.09%	0.13%	0.09%
MMI	C	0.05%	0.02%	0.02%
MMSI	C	0.3%	0.3%	0.3%
MOG.A	B	0.3%	0.13%	0.13%
MOV	F	0.02%	0.09%	0.02%
MSEX	C	0.06%	0.09%	0.06%
MTH	C	0.38%	0.31%	0.31%
MTRN	D	0.12%	0.25%	0.12%
MTUS	F	0.03%	0.18%	0.03%
MTX	D	0.12%	0.26%	0.12%
MXL	D	0.06%	0.03%	0.03%
MYE	F	0.03%	0.04%	0.03%
MYGN	D	0.12%	0.1%	0.1%
NAVI	D	0.06%	0.17%	0.06%
NBTB	D	0.11%	0.16%	0.11%
NEO	F	0.1%	0.08%	0.08%
NGVT	D	0.08%	0.21%	0.08%
NHC	D	0.08%	0.08%	0.08%
NMIH	C	0.17%	0.26%	0.17%
NOG	F	0.19%	0.15%	0.15%
NPK	D	0.02%	0.05%	0.02%
NPO	C	0.17%	0.25%	0.17%
NSIT	C	0.31%	0.3%	0.3%
NTCT	C	0.08%	0.16%	0.08%
NWBI	D	0.09%	0.16%	0.09%
NWN	B	0.08%	0.25%	0.08%
NX	F	0.07%	0.04%	0.04%
ODP	F	0.05%	0.01%	0.01%
OFG	C	0.11%	0.24%	0.11%
OMCL	C	0.1%	0.09%	0.09%
OMI	D	0.06%	0.12%	0.06%
OTTR	F	0.17%	0.27%	0.17%
OUT	B	0.13%	0.17%	0.13%
OXM	F	0.07%	0.11%	0.07%
PARR	F	0.05%	0.14%	0.05%
PATK	C	0.16%	0.32%	0.16%
PBH	C	0.18%	0.28%	0.18%
PBI	C	0.06%	0.1%	0.06%
PCRX	F	0.03%	0.02%	0.02%
PDCO	F	0.09%	0.04%	0.04%
PEB	D	0.09%	0.18%	0.09%
PECO	C	0.24%	0.27%	0.24%
PHIN	C	0.11%	0.09%	0.09%
PI	B	0.25%	0.25%	0.25%
PLAB	D	0.08%	0.27%	0.08%
PLUS	B	0.13%	0.26%	0.13%
PLXS	B	0.18%	0.31%	0.18%
PMT	C	0.06%	0.18%	0.06%
PRDO	D	0.07%	0.29%	0.07%
PRFT	B	0.14%	0.09%	0.09%
PRG	C	0.11%	0.13%	0.11%
PRGS	A	0.13%	0.25%	0.13%
PSMT	B	0.12%	0.07%	0.07%
PTEN	F	0.15%	0.14%	0.14%
RC	F	0.07%	0.03%	0.03%
RDN	D	0.27%	0.29%	0.27%
RDNT	B	0.23%	0.24%	0.23%
RES	D	0.03%	0.11%	0.03%
REX	D	0.04%	0.19%	0.04%
RGR	F	0.04%	0.15%	0.04%
RNST	D	0.11%	0.13%	0.11%
ROIC	C	0.1%	0.23%	0.1%
RUN	D	0.22%	0.16%	0.16%
RWT	C	0.05%	0.07%	0.05%
SAFT	D	0.06%	0.08%	0.06%
SANM	D	0.19%	0.22%	0.19%
SATS	C	0.16%	0.33%	0.16%
SCHL	D	0.04%	0.05%	0.04%
SCL	D	0.08%	0.2%	0.08%
SCSC	D	0.06%	0.21%	0.06%
SCVL	C	0.04%	0.31%	0.04%
SEM	D	0.19%	0.3%	0.19%
SFNC	C	0.14%	0.13%	0.13%
SHEN	F	0.04%	0.15%	0.04%
SHO	C	0.11%	0.27%	0.11%
SHOO	B	0.18%	0.21%	0.18%
SIG	C	0.23%	0.33%	0.23%
SJW	F	0.09%	0.16%	0.09%
SKT	B	0.18%	0.29%	0.18%
SKYW	C	0.17%	0.25%	0.17%
SLG	C	0.24%	0.3%	0.24%
SLP	F	0.03%	0.09%	0.03%
SLVM	C	0.15%	0.32%	0.15%
SM	F	0.25%	0.27%	0.25%
SMPL	D	0.16%	0.23%	0.16%
SNEX	C	0.12%	0.09%	0.09%
SPSC	D	0.37%	0.3%	0.3%
SPTN	C	0.04%	0.17%	0.04%
SSTK	F	0.04%	0.12%	0.04%
STAA	D	0.08%	0.04%	0.04%
STC	C	0.1%	0.29%	0.1%
STRA	F	0.12%	0.18%	0.12%
SUPN	D	0.09%	0.2%	0.09%
SVC	F	0.04%	0.1%	0.04%
SWI	B	0.04%	0.06%	0.04%
SXC	F	0.04%	0.19%	0.04%
SXI	C	0.11%	0.22%	0.11%
SXT	B	0.17%	0.24%	0.17%
TDS	B	0.11%	0.28%	0.11%
TGNA	C	0.13%	0.28%	0.13%
THRM	F	0.08%	0.09%	0.08%
THS	C	0.1%	0.19%	0.1%
TILE	C	0.06%	0.23%	0.06%
TNC	D	0.09%	0.01%	0.01%
TPH	C	0.22%	0.26%	0.22%
TRMK	D	0.1%	0.08%	0.08%
TRST	D	0.03%	0.07%	0.03%
TTMI	D	0.1%	0.25%	0.1%
UCTT	D	0.08%	0.22%	0.08%
UE	C	0.13%	0.29%	0.13%
UFPT	D	0.13%	0.31%	0.13%
UNF	B	0.15%	0.01%	0.01%
UNFI	B	0.05%	0.15%	0.05%
UNIT	C	0.07%	0.06%	0.06%
URBN	F	0.11%	0.17%	0.11%
USNA	F	0.02%	0.1%	0.02%
USPH	F	0.06%	0.16%	0.06%
UVV	D	0.07%	0.21%	0.07%
VGR	C	0.1%	0.28%	0.1%
VIAV	C	0.1%	0.22%	0.1%
VRTS	F	0.07%	0.02%	0.02%
WAFD	D	0.14%	0.21%	0.14%
WDFC	C	0.18%	0.26%	0.18%
WGO	D	0.09%	0.17%	0.09%
WHD	D	0.22%	0.28%	0.22%
WNC	F	0.04%	0.1%	0.04%
WOR	F	0.07%	0.22%	0.07%
WSR	D	0.03%	0.14%	0.03%
XHR	B	0.08%	0.2%	0.08%
XRX	D	0.06%	0.12%	0.06%
YELP	D	0.12%	0.25%	0.12%
YOU	B	0.16%	0.19%	0.16%

SAA Overweight 257 Positions Relative to JPSE

Symbol	Grade	Weight
CMA	C	0.41%
ATI	C	0.41%
RHI	D	0.36%
GKOS	C	0.36%
INSP	D	0.32%
VFC	B	0.32%
ETSY	D	0.32%
AWI	B	0.3%
DY	C	0.29%
AVAV	C	0.28%
SEE	C	0.27%
ALK	B	0.27%
ACIW	B	0.27%
LNC	C	0.27%
ZWS	B	0.26%
OGN	D	0.26%
BOOT	B	0.26%
ITRI	C	0.25%
MARA	D	0.25%
VRRM	D	0.24%
AL	C	0.24%
BOX	C	0.24%
ADMA	C	0.23%
KRYS	D	0.23%
PIPR	B	0.23%
ICUI	C	0.22%
SFBS	C	0.21%
SHAK	C	0.21%
IAC	C	0.2%
AGO	D	0.2%
GTES	C	0.2%
WD	B	0.19%
LRN	B	0.19%
DXC	D	0.19%
MPW	C	0.19%
BGC	D	0.19%
FTDR	B	0.19%
TDW	F	0.19%
EAT	C	0.18%
UCBI	B	0.18%
MSGS	B	0.18%
BXMT	C	0.18%
GVA	B	0.18%
CVCO	B	0.18%
HIW	C	0.18%
SMTC	C	0.18%
ESE	B	0.17%
PJT	B	0.17%
HP	F	0.17%
RUSHA	C	0.17%
BRC	B	0.17%
STEP	B	0.17%
CBU	D	0.16%
SITM	B	0.16%
TGTX	C	0.16%
ENV	C	0.16%
RXO	D	0.16%
ATGE	C	0.15%
ABR	B	0.15%
FHB	D	0.15%
NWL	C	0.15%
CNK	C	0.15%
TNDM	D	0.15%
WSFS	D	0.15%
JBT	C	0.15%
BL	D	0.14%
OII	D	0.14%
BKU	D	0.14%
PTGX	C	0.14%
REZI	D	0.14%
PENN	D	0.14%
TRN	C	0.14%
AAP	F	0.13%
PRK	D	0.13%
DV	F	0.13%
CWEN	A	0.13%
BOH	D	0.13%
PLMR	C	0.13%
TBBK	C	0.13%
INDB	D	0.13%
VIRT	C	0.13%
DOCN	C	0.13%
FL	F	0.12%
SBCF	D	0.12%
EPAC	B	0.12%
WERN	C	0.12%
AIR	D	0.12%
OSIS	C	0.12%
VSTO	C	0.12%
CVBF	D	0.12%
PFS	C	0.12%
LGIH	D	0.12%
HBI	A	0.12%
PPBI	D	0.12%
PINC	D	0.11%
BANR	C	0.11%
BANC	C	0.11%
NATL	D	0.11%
IBTX	C	0.11%
HAYW	C	0.11%
VSCO	C	0.11%
ROCK	D	0.11%
GSHD	C	0.11%
NARI	F	0.11%
VCEL	F	0.11%
KSS	D	0.11%
ZD	D	0.11%
PRVA	F	0.1%
LMAT	B	0.1%
CAKE	B	0.1%
ALG	D	0.1%
MP	C	0.1%
ADNT	D	0.1%
FTRE	F	0.1%
OI	D	0.1%
KMT	B	0.1%
POWL	B	0.1%
PZZA	D	0.09%
LKFN	D	0.09%
RAMP	F	0.09%
MCY	C	0.09%
GNL	D	0.09%
FBNC	C	0.09%
ROG	D	0.09%
JBLU	C	0.09%
VSTS	D	0.09%
VECO	F	0.09%
FOXF	F	0.09%
KAR	D	0.09%
LEG	D	0.09%
MRCY	C	0.09%
KN	D	0.08%
SONO	F	0.08%
JBGS	C	0.08%
NBHC	D	0.08%
GBX	D	0.08%
GO	F	0.08%
AMN	F	0.08%
STBA	D	0.08%
TRIP	F	0.08%
MYRG	F	0.08%
FBK	C	0.08%
WS	D	0.07%
WWW	A	0.07%
SABR	C	0.07%
KW	C	0.07%
WABC	D	0.07%
SNDR	B	0.07%
PGNY	F	0.07%
CUBI	F	0.07%
LNN	C	0.07%
DAN	D	0.07%
HELE	D	0.07%
TALO	F	0.07%
SBH	B	0.07%
SPNT	D	0.07%
VBTX	C	0.07%
TRUP	D	0.07%
MODG	F	0.07%
VSAT	F	0.06%
QNST	C	0.06%
ECPG	D	0.06%
CSR	D	0.06%
BHLB	C	0.06%
CERT	F	0.06%
NVEE	F	0.06%
IART	F	0.06%
ARLO	D	0.06%
SEDG	F	0.06%
XNCR	D	0.06%
BLFS	D	0.05%
MD	C	0.05%
CLB	D	0.05%
BRKL	C	0.05%
VICR	C	0.05%
HCI	C	0.05%
NABL	F	0.05%
VTOL	D	0.05%
AMSF	C	0.05%
CXM	F	0.05%
PDFS	D	0.05%
SBSI	D	0.05%
CBRL	D	0.05%
CWEN	A	0.05%
XPEL	D	0.05%
UTL	C	0.05%
MCRI	B	0.05%
DCOM	C	0.05%
PFBC	D	0.05%
TGI	F	0.05%
NXRT	D	0.05%
MRTN	D	0.05%
WOLF	F	0.05%
PLAY	D	0.05%
SDGR	F	0.05%
SGH	D	0.05%
HSTM	D	0.04%
VIR	F	0.04%
MLAB	C	0.04%
ALGT	D	0.04%
HZO	C	0.04%
FWRD	D	0.04%
CFFN	D	0.04%
AXL	F	0.04%
ASTE	F	0.04%
MATW	F	0.04%
TMP	D	0.04%
PRLB	F	0.04%
PRA	C	0.04%
KREF	C	0.04%
HFWA	D	0.04%
BJRI	D	0.04%
VVI	C	0.04%
CPF	C	0.04%
AHH	D	0.04%
EYE	F	0.04%
SAH	D	0.04%
RCUS	D	0.04%
NVRI	D	0.04%
MNRO	C	0.04%
DLX	F	0.04%
PRAA	F	0.04%
EMBC	D	0.04%
GPRE	F	0.04%
JACK	F	0.04%
BFS	B	0.03%
LQDT	C	0.03%
RGNX	F	0.03%
HTLD	F	0.03%
TR	C	0.03%
AMBC	F	0.03%
LESL	F	0.03%
CTKB	F	0.03%
EZPW	D	0.03%
GES	F	0.03%
HAFC	D	0.03%
CEVA	C	0.03%
UHT	C	0.03%
THRY	F	0.03%
IIIN	F	0.03%
TTGT	F	0.03%
GDOT	D	0.03%
NBR	F	0.03%
MCW	F	0.03%
GDEN	D	0.03%
PUMP	F	0.03%
EGBN	D	0.03%
KELYA	D	0.03%
SMP	D	0.03%
CENT	F	0.02%
WRLD	D	0.02%
TWI	D	0.02%
HTZ	F	0.02%
UFCS	D	0.02%
SNCY	D	0.02%
PAHC	C	0.02%
CRSR	D	0.01%

SAA Underweight 211 Positions Relative to JPSE

Symbol	Grade	Weight
STRL	C	-0.38%
AIT	B	-0.34%
CNX	B	-0.34%
UFPI	C	-0.33%
LNTH	D	-0.32%
TMHC	B	-0.32%
CBT	B	-0.32%
SBRA	C	-0.32%
KBH	C	-0.32%
LAUR	C	-0.32%
SFM	B	-0.32%
ESRT	C	-0.31%
AVNT	B	-0.31%
OGS	B	-0.31%
IDT	C	-0.31%
CMC	D	-0.31%
NMRK	B	-0.31%
FN	C	-0.31%
ACLX	C	-0.31%
ESNT	B	-0.3%
KRG	C	-0.3%
WTS	C	-0.3%
PFSI	C	-0.3%
NOVT	D	-0.3%
CNO	C	-0.3%
RHP	C	-0.29%
TRNO	D	-0.29%
POR	B	-0.29%
SR	B	-0.29%
BNL	B	-0.29%
PRMW	C	-0.29%
MMS	B	-0.29%
NJR	C	-0.29%
ONB	D	-0.29%
NWE	A	-0.29%
NHI	C	-0.29%
BKH	B	-0.29%
CVLT	B	-0.28%
UEC	D	-0.28%
CWST	D	-0.28%
ALE	A	-0.28%
PCH	C	-0.27%
TPB	B	-0.27%
PDM	C	-0.27%
OPCH	C	-0.27%
UBSI	D	-0.27%
SMR	C	-0.27%
TNK	D	-0.27%
DHT	C	-0.26%
QTWO	C	-0.26%
STNG	D	-0.26%
IRT	C	-0.25%
CDE	C	-0.25%
HLNE	B	-0.25%
SWX	C	-0.25%
INFN	B	-0.25%
SWBI	F	-0.24%
GATX	D	-0.24%
DBRG	D	-0.24%
LILAK	D	-0.24%
LANC	F	-0.23%
NTB	D	-0.23%
HQY	C	-0.23%
INSW	C	-0.23%
RLJ	D	-0.23%
UTZ	C	-0.23%
HL	C	-0.23%
CHX	F	-0.23%
CRAI	C	-0.22%
CLFD	D	-0.22%
CSTM	D	-0.22%
RDFN	D	-0.22%
ESGR	D	-0.22%
ANET	C	-0.22%
VITL	C	-0.22%
BDC	B	-0.22%
SGRY	D	-0.22%
HOMB	D	-0.22%
WTTR	D	-0.21%
GPOR	C	-0.21%
WK	D	-0.21%
SCS	D	-0.2%
TROX	D	-0.2%
VSH	F	-0.2%
ORA	B	-0.2%
MUR	F	-0.2%
RYI	F	-0.2%
POWI	F	-0.2%
TNET	F	-0.2%
IMKTA	D	-0.2%
EQC	D	-0.19%
HAE	D	-0.19%
HLF	F	-0.19%
HE	F	-0.19%
QLYS	D	-0.19%
PBF	F	-0.18%
LADR	D	-0.18%
DOLE	B	-0.18%
GSAT	F	-0.18%
OEC	F	-0.18%
ECVT	F	-0.18%
LXU	D	-0.17%
CMRE	C	-0.17%
ATKR	F	-0.17%
NTGR	D	-0.17%
COMM	C	-0.17%
ASGN	D	-0.17%
GEF	C	-0.17%
MED	F	-0.17%
IBOC	D	-0.17%
HWC	D	-0.16%
WMK	D	-0.16%
ACRE	D	-0.16%
RMBS	F	-0.16%
HVT	F	-0.16%
ASC	D	-0.16%
MGRC	D	-0.15%
VCTR	B	-0.14%
HOV	D	-0.14%
AMSC	C	-0.14%
KNTK	C	-0.14%
RYAM	C	-0.14%
ENS	C	-0.13%
IGT	D	-0.13%
NSP	F	-0.13%
ACT	C	-0.13%
EXPO	B	-0.13%
IVT	D	-0.12%
EE	A	-0.12%
EGHT	F	-0.12%
FUBO	F	-0.12%
WSBC	D	-0.12%
PNTG	C	-0.11%
METC	F	-0.11%
GNK	C	-0.11%
ACCO	C	-0.11%
BZH	B	-0.11%
ZEUS	F	-0.11%
PGRE	D	-0.1%
MRC	D	-0.1%
RDUS	D	-0.1%
ARCT	D	-0.1%
OSUR	F	-0.1%
EGY	D	-0.1%
BLKB	C	-0.1%
SD	F	-0.1%
UMBF	C	-0.1%
CMCO	D	-0.09%
AVNW	F	-0.09%
CSTL	D	-0.09%
EAF	D	-0.09%
BXC	D	-0.09%
VREX	F	-0.09%
OCFC	B	-0.09%
IPI	D	-0.08%
PRM	B	-0.08%
BRY	F	-0.08%
AGM	D	-0.08%
NUS	F	-0.08%
SRCE	D	-0.07%
FLNG	D	-0.07%
TK	C	-0.06%
USAP	C	-0.06%
BUSE	D	-0.06%
MEI	D	-0.06%
FRME	D	-0.06%
ZUMZ	D	-0.06%
CWCO	F	-0.06%
ZYXI	F	-0.05%
SYNA	D	-0.05%
VRNT	F	-0.05%
ANF	D	-0.05%
RBCAA	C	-0.05%
KRO	C	-0.05%
CTBI	D	-0.05%
ATEX	C	-0.05%
MWA	B	-0.05%
CHCT	F	-0.05%
NAT	D	-0.05%
GRWG	F	-0.04%
WOW	D	-0.04%
GTN	D	-0.04%
NR	F	-0.04%
TH	F	-0.04%
MITK	F	-0.04%
CSV	C	-0.03%
VNDA	F	-0.03%
OSPN	C	-0.03%
THFF	D	-0.03%
AIV	C	-0.03%
CWH	C	-0.03%
NATR	F	-0.03%
LFMD	F	-0.03%
PLL	F	-0.03%
RGP	F	-0.02%
LWLG	D	-0.02%
GIC	D	-0.02%
BOOM	D	-0.02%
ANIK	F	-0.02%
TG	B	-0.02%
AVD	F	-0.02%
SRDX	D	-0.02%
CIX	C	-0.02%
TRS	C	-0.02%
STHO	C	-0.01%
TRTX	D	-0.01%
BH	F	-0.01%
TBI	F	-0.01%
AAOI	D	-0.01%
CCSI	C	-0.01%
RBBN	D	-0.0%