SMLF vs. IWR ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to iShares Russell Mid-Cap ETF (IWR)

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.68

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000Â® Index.

Grade (RS Rating)

Last Trade

$93.49

Average Daily Volume

1,460,358

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	IWR
30 Days	7.55%	5.29%
60 Days	8.72%	7.26%
90 Days	9.84%	8.75%
12 Months	38.08%	32.54%

296 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in IWR	Overlap
AA	A	0.13%	0.09%	0.09%
ACHC	F	0.04%	0.03%	0.03%
ACI	C	0.05%	0.07%	0.05%
ACM	B	0.19%	0.12%	0.12%
ADT	C	0.03%	0.02%	0.02%
AFRM	A	0.07%	0.11%	0.07%
AGCO	D	0.2%	0.05%	0.05%
AGNC	C	0.16%	0.06%	0.06%
AGO	B	0.27%	0.04%	0.04%
AIZ	A	0.17%	0.09%	0.09%
ALAB	B	0.02%	0.02%	0.02%
ALGM	D	0.01%	0.02%	0.01%
ALLE	C	0.16%	0.1%	0.1%
ALSN	B	0.56%	0.08%	0.08%
AM	A	0.37%	0.04%	0.04%
AMG	B	0.23%	0.05%	0.05%
AMH	C	0.25%	0.1%	0.1%
AN	C	0.24%	0.03%	0.03%
APA	D	0.22%	0.07%	0.07%
APG	B	0.09%	0.07%	0.07%
APLS	F	0.05%	0.02%	0.02%
APP	B	1.49%	0.63%	0.63%
APPF	B	0.06%	0.04%	0.04%
AR	B	0.21%	0.07%	0.07%
ARW	D	0.18%	0.05%	0.05%
ASH	F	0.07%	0.03%	0.03%
ATI	C	0.14%	0.06%	0.06%
AXON	A	0.66%	0.35%	0.35%
AXS	A	0.01%	0.06%	0.01%
AXTA	B	0.03%	0.07%	0.03%
AYI	B	0.35%	0.08%	0.08%
AZEK	A	0.06%	0.05%	0.05%
AZPN	A	0.21%	0.05%	0.05%
BBWI	C	0.2%	0.06%	0.06%
BC	C	0.09%	0.04%	0.04%
BERY	C	0.1%	0.06%	0.06%
BILL	A	0.04%	0.07%	0.04%
BJ	A	0.16%	0.1%	0.1%
BLD	D	0.21%	0.09%	0.09%
BPOP	C	0.53%	0.06%	0.06%
BRBR	A	0.06%	0.08%	0.06%
BRKR	D	0.14%	0.05%	0.05%
BRX	A	0.37%	0.07%	0.07%
BSY	F	0.12%	0.05%	0.05%
BWXT	B	0.13%	0.1%	0.1%
BYD	B	0.01%	0.04%	0.01%
CACC	D	0.08%	0.02%	0.02%
CACI	D	0.02%	0.09%	0.02%
CAR	C	0.09%	0.01%	0.01%
CASY	A	0.06%	0.12%	0.06%
CAVA	B	0.34%	0.09%	0.09%
CBSH	B	0.24%	0.07%	0.07%
CC	C	0.06%	0.02%	0.02%
CELH	F	0.04%	0.04%	0.04%
CFR	B	0.25%	0.07%	0.07%
CHDN	B	0.1%	0.08%	0.08%
CHE	D	0.3%	0.07%	0.07%
CHRD	D	0.03%	0.07%	0.03%
CIEN	C	0.03%	0.08%	0.03%
CLH	C	0.07%	0.1%	0.07%
CLVT	D	0.02%	0.01%	0.01%
CMA	B	0.0%	0.07%	0.0%
CNM	D	0.36%	0.07%	0.07%
COKE	C	0.22%	0.06%	0.06%
COTY	F	0.06%	0.02%	0.02%
CR	A	0.35%	0.07%	0.07%
CROX	D	0.19%	0.05%	0.05%
CRUS	D	0.11%	0.04%	0.04%
CSL	C	0.41%	0.17%	0.17%
CUBE	C	0.11%	0.09%	0.09%
CUZ	B	0.08%	0.04%	0.04%
CVNA	B	0.46%	0.21%	0.21%
CW	C	0.23%	0.11%	0.11%
CWEN	C	0.15%	0.01%	0.01%
CWEN	C	0.15%	0.02%	0.02%
CXT	C	0.09%	0.02%	0.02%
DCI	B	0.18%	0.08%	0.08%
DDS	B	0.31%	0.01%	0.01%
DECK	A	0.72%	0.22%	0.22%
DINO	D	0.01%	0.05%	0.01%
DKS	D	0.38%	0.09%	0.09%
DNB	B	0.03%	0.03%	0.03%
DOCS	C	0.15%	0.05%	0.05%
DTM	A	0.2%	0.08%	0.08%
DUOL	A	0.44%	0.09%	0.09%
EEFT	B	0.09%	0.04%	0.04%
EGP	D	0.09%	0.07%	0.07%
EHC	B	0.05%	0.08%	0.05%
ELAN	D	0.08%	0.06%	0.06%
ELF	C	0.2%	0.05%	0.05%
EME	A	0.94%	0.19%	0.19%
ENTG	D	0.23%	0.12%	0.12%
EPR	C	0.02%	0.03%	0.02%
ESAB	C	0.18%	0.06%	0.06%
ESI	B	0.15%	0.05%	0.05%
ESTC	C	0.26%	0.06%	0.06%
ETSY	D	0.2%	0.05%	0.05%
EVR	B	0.81%	0.09%	0.09%
EWBC	A	0.39%	0.12%	0.12%
EXE	A	0.29%	0.18%	0.18%
EXEL	B	0.24%	0.08%	0.08%
FAF	A	0.16%	0.05%	0.05%
FCN	F	0.04%	0.06%	0.04%
FCNCA	A	0.27%	0.22%	0.22%
FHB	B	0.08%	0.03%	0.03%
FHN	A	0.04%	0.09%	0.04%
FIVN	C	0.08%	0.02%	0.02%
FIX	A	0.44%	0.13%	0.13%
FLO	D	0.06%	0.03%	0.03%
FR	D	0.31%	0.06%	0.06%
FYBR	C	0.13%	0.07%	0.07%
GAP	C	0.23%	0.04%	0.04%
GGG	B	0.3%	0.12%	0.12%
GLPI	C	0.18%	0.11%	0.11%
GME	C	0.16%	0.08%	0.08%
GMED	A	0.03%	0.08%	0.03%
GNRC	C	0.15%	0.09%	0.09%
GO	C	0.01%	0.01%	0.01%
GPK	C	0.26%	0.07%	0.07%
GTLB	B	0.39%	0.06%	0.06%
GWRE	A	0.01%	0.13%	0.01%
HAS	D	0.19%	0.07%	0.07%
HIW	C	0.18%	0.03%	0.03%
HLI	A	0.18%	0.08%	0.08%
HOG	D	0.15%	0.03%	0.03%
HRB	D	0.4%	0.07%	0.07%
HUN	F	0.1%	0.03%	0.03%
HXL	F	0.01%	0.04%	0.01%
IBKR	A	0.45%	0.16%	0.16%
IDA	A	0.46%	0.05%	0.05%
INSP	D	0.12%	0.04%	0.04%
IONS	F	0.14%	0.04%	0.04%
ITCI	C	0.06%	0.07%	0.06%
ITT	A	0.31%	0.1%	0.1%
IVZ	B	0.1%	0.05%	0.05%
JBL	C	0.55%	0.12%	0.12%
JEF	A	0.4%	0.11%	0.11%
JHG	B	0.31%	0.05%	0.05%
KBR	F	0.12%	0.06%	0.06%
KD	B	0.06%	0.05%	0.05%
KIM	A	0.16%	0.14%	0.14%
KNSL	B	0.18%	0.08%	0.08%
KRC	B	0.12%	0.04%	0.04%
KSS	F	0.08%	0.02%	0.02%
LAMR	C	0.33%	0.09%	0.09%
LAZ	B	0.11%	0.05%	0.05%
LBRDA	C	0.4%	0.01%	0.01%
LBTYA	F	0.15%	0.02%	0.02%
LBTYK	A	0.05%	0.02%	0.02%
LECO	C	0.05%	0.09%	0.05%
LFUS	D	0.05%	0.05%	0.05%
LNW	F	0.17%	0.07%	0.07%
LPX	B	0.41%	0.06%	0.06%
LSCC	D	0.23%	0.06%	0.06%
LSTR	D	0.1%	0.05%	0.05%
LYFT	C	0.1%	0.05%	0.05%
M	F	0.19%	0.04%	0.04%
MAN	F	0.04%	0.02%	0.02%
MANH	D	0.5%	0.14%	0.14%
MASI	B	0.08%	0.06%	0.06%
MAT	D	0.12%	0.05%	0.05%
MDU	D	0.04%	0.03%	0.03%
MEDP	D	0.38%	0.07%	0.07%
MIDD	C	0.08%	0.06%	0.06%
MKSI	C	0.08%	0.06%	0.06%
MPW	F	0.06%	0.02%	0.02%
MSA	F	0.02%	0.05%	0.02%
MSM	C	0.02%	0.03%	0.02%
MSTR	B	0.73%	0.44%	0.44%
MTG	C	0.09%	0.05%	0.05%
MTN	C	0.09%	0.06%	0.06%
MTSI	B	0.09%	0.06%	0.06%
NDSN	B	0.18%	0.12%	0.12%
NFG	A	0.13%	0.05%	0.05%
NNN	C	0.1%	0.06%	0.06%
NOV	C	0.12%	0.05%	0.05%
NTNX	B	0.56%	0.14%	0.14%
NTRA	A	0.4%	0.14%	0.14%
NVST	B	0.06%	0.03%	0.03%
NVT	B	0.49%	0.1%	0.1%
NWL	C	0.02%	0.03%	0.02%
NXST	C	0.07%	0.04%	0.04%
NYT	D	0.12%	0.07%	0.07%
OC	A	0.18%	0.14%	0.14%
OGE	A	0.12%	0.07%	0.07%
OHI	C	0.09%	0.08%	0.08%
OLED	F	0.03%	0.06%	0.03%
OLN	F	0.09%	0.04%	0.04%
OMF	A	0.16%	0.05%	0.05%
ONTO	F	0.15%	0.06%	0.06%
ORI	A	0.41%	0.08%	0.08%
OVV	B	0.25%	0.1%	0.1%
OZK	B	0.08%	0.04%	0.04%
PARA	C	0.11%	0.05%	0.05%
PATH	C	0.05%	0.05%	0.05%
PCOR	B	0.42%	0.06%	0.06%
PCTY	C	0.14%	0.07%	0.07%
PEGA	B	0.08%	0.03%	0.03%
PEN	B	0.07%	0.07%	0.07%
PII	F	0.01%	0.03%	0.01%
PK	C	0.05%	0.02%	0.02%
PLNT	A	0.09%	0.07%	0.07%
PNFP	B	0.1%	0.08%	0.08%
PR	B	0.02%	0.08%	0.02%
PRGO	C	0.04%	0.03%	0.03%
PRI	B	0.28%	0.09%	0.09%
PSTG	D	0.29%	0.12%	0.12%
PVH	C	0.17%	0.05%	0.05%
PYCR	B	0.01%	0.01%	0.01%
QDEL	F	0.03%	0.02%	0.02%
R	B	0.28%	0.06%	0.06%
RGEN	D	0.08%	0.06%	0.06%
RGLD	C	0.14%	0.08%	0.08%
RHI	C	0.17%	0.06%	0.06%
RKT	F	0.03%	0.02%	0.02%
RL	C	0.15%	0.07%	0.07%
RLI	A	0.03%	0.06%	0.03%
RNG	C	0.19%	0.02%	0.02%
RNR	C	0.21%	0.11%	0.11%
ROIV	C	0.01%	0.04%	0.01%
ROKU	D	0.04%	0.07%	0.04%
RPM	A	0.22%	0.14%	0.14%
RRC	B	0.19%	0.07%	0.07%
RRX	B	0.2%	0.09%	0.09%
RS	B	0.49%	0.15%	0.15%
RYAN	A	0.13%	0.06%	0.06%
RYN	D	0.06%	0.04%	0.04%
S	B	0.06%	0.06%	0.06%
SAIA	B	0.12%	0.11%	0.11%
SCI	B	0.14%	0.1%	0.1%
SEE	C	0.0%	0.04%	0.0%
SF	B	0.17%	0.09%	0.09%
SITE	F	0.05%	0.05%	0.05%
SLM	A	0.16%	0.04%	0.04%
SMAR	B	0.26%	0.06%	0.06%
SMG	C	0.19%	0.03%	0.03%
SN	D	0.27%	0.06%	0.06%
SNV	C	0.05%	0.07%	0.05%
SOFI	B	0.06%	0.12%	0.06%
SOLV	D	0.31%	0.08%	0.08%
SON	F	0.09%	0.04%	0.04%
SPB	C	0.15%	0.02%	0.02%
SRPT	F	0.2%	0.08%	0.08%
SSD	F	0.14%	0.06%	0.06%
STAG	D	0.04%	0.05%	0.04%
STWD	C	0.06%	0.05%	0.05%
TDC	D	0.01%	0.02%	0.01%
THC	D	0.31%	0.12%	0.12%
THO	B	0.13%	0.05%	0.05%
TKR	D	0.17%	0.04%	0.04%
TNL	A	0.16%	0.03%	0.03%
TOL	B	0.16%	0.13%	0.13%
TOST	B	0.21%	0.15%	0.15%
TPG	A	0.2%	0.04%	0.04%
TPR	B	0.3%	0.11%	0.11%
TPX	B	0.24%	0.08%	0.08%
TREX	C	0.24%	0.06%	0.06%
TTC	C	0.14%	0.07%	0.07%
TTEK	F	0.29%	0.09%	0.09%
TXRH	B	0.07%	0.11%	0.07%
UA	C	0.14%	0.01%	0.01%
UGI	C	0.1%	0.04%	0.04%
UNM	A	0.0%	0.1%	0.0%
USFD	A	0.18%	0.12%	0.12%
UTHR	C	0.38%	0.13%	0.13%
VAC	C	0.07%	0.03%	0.03%
VFC	C	0.08%	0.06%	0.06%
VIRT	A	0.03%	0.02%	0.02%
VKTX	F	0.06%	0.04%	0.04%
VMI	B	0.15%	0.06%	0.06%
VNO	C	0.41%	0.06%	0.06%
VNT	C	0.05%	0.05%	0.05%
VOYA	B	0.17%	0.07%	0.07%
VSTS	C	0.02%	0.02%	0.02%
W	D	0.15%	0.03%	0.03%
WAL	B	0.1%	0.08%	0.08%
WBA	F	0.05%	0.05%	0.05%
WBS	A	0.05%	0.09%	0.05%
WCC	B	0.2%	0.07%	0.07%
WEN	D	0.12%	0.03%	0.03%
WEX	D	0.09%	0.06%	0.06%
WFRD	D	0.35%	0.05%	0.05%
WH	B	0.12%	0.06%	0.06%
WING	D	0.36%	0.08%	0.08%
WMS	F	0.1%	0.08%	0.08%
WSC	F	0.09%	0.05%	0.05%
WSM	C	0.42%	0.14%	0.14%
WSO	A	0.31%	0.15%	0.15%
WTFC	A	0.02%	0.07%	0.02%
WTM	A	0.16%	0.04%	0.04%
WYNN	C	0.07%	0.08%	0.07%
X	B	0.1%	0.07%	0.07%
XPO	B	0.17%	0.14%	0.14%
XRAY	F	0.2%	0.03%	0.03%
YETI	D	0.08%	0.03%	0.03%
ZION	B	0.24%	0.07%	0.07%

SMLF Overweight 515 Positions Relative to IWR

Symbol	Grade	Weight
SFM	A	0.6%
SLG	B	0.49%
MLI	B	0.49%
COCO	A	0.43%
COOP	B	0.41%
IOT	A	0.41%
POWL	C	0.38%
PIPR	A	0.34%
WK	B	0.34%
HSII	B	0.31%
FLEX	B	0.31%
MAC	B	0.31%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	B	0.3%
ANF	F	0.3%
STRL	A	0.29%
INTA	B	0.27%
SIG	B	0.26%
MOD	A	0.25%
HURN	C	0.25%
CPRX	C	0.24%
RMBS	B	0.24%
SKT	A	0.24%
HALO	F	0.24%
IMKTA	C	0.24%
YOU	D	0.23%
UFPI	C	0.23%
EXLS	B	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	B	0.22%
WS	C	0.22%
AXSM	B	0.22%
MATX	C	0.21%
LIVN	F	0.2%
RDDT	A	0.2%
ATKR	D	0.2%
DNLI	D	0.2%
HAE	C	0.2%
LUMN	C	0.2%
TEX	F	0.19%
JOE	F	0.19%
NAVI	F	0.19%
GH	B	0.19%
MUR	D	0.19%
PRGS	A	0.18%
XRX	F	0.18%
TDOC	C	0.18%
VCYT	B	0.18%
FROG	C	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
ACLX	C	0.17%
BRC	D	0.17%
LNTH	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	B	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
IVT	A	0.16%
SRCE	B	0.16%
BL	B	0.16%
BMI	B	0.16%
LRN	A	0.16%
CVCO	A	0.16%
CNO	B	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
SBGI	B	0.15%
ONON	A	0.15%
XNCR	B	0.15%
GES	F	0.15%
FTAI	A	0.15%
ABG	C	0.15%
SKY	A	0.15%
AMR	C	0.14%
UMBF	B	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
NOVT	D	0.14%
PI	D	0.14%
CMC	B	0.14%
NJR	A	0.14%
ENSG	C	0.14%
YEXT	B	0.14%
AY	A	0.14%
SPT	C	0.14%
TPH	D	0.14%
BLKB	B	0.13%
VMEO	B	0.13%
BPMC	B	0.13%
IPAR	B	0.13%
TNET	F	0.13%
ACCO	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
GOLF	B	0.13%
KAI	B	0.13%
BDN	C	0.13%
QLYS	B	0.13%
SFBS	C	0.13%
NUVL	C	0.13%
SR	A	0.12%
AROC	A	0.12%
AWR	B	0.12%
GEO	B	0.12%
BASE	B	0.12%
SATS	D	0.12%
ACLS	F	0.12%
GFF	A	0.12%
BKE	B	0.12%
AIT	B	0.12%
CBT	D	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	B	0.11%
CYTK	F	0.11%
TXNM	A	0.11%
IBOC	B	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	A	0.11%
MFA	D	0.11%
ACAD	C	0.11%
HTH	C	0.11%
CARG	B	0.11%
SPSC	D	0.11%
BAND	B	0.11%
ODP	F	0.11%
CHX	C	0.11%
APOG	C	0.11%
CXW	C	0.11%
MCB	B	0.11%
MDGL	B	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	C	0.1%
MTRN	C	0.1%
ASB	B	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	D	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
ALX	D	0.1%
CMPR	D	0.1%
AGM	B	0.1%
KLIC	B	0.1%
INSM	C	0.1%
VRNS	D	0.1%
HIMS	B	0.1%
VSH	F	0.09%
PHIN	A	0.09%
JACK	C	0.09%
MRC	B	0.09%
PCVX	D	0.09%
HEES	C	0.09%
ATEN	A	0.09%
PBH	A	0.09%
HI	C	0.09%
LGND	C	0.09%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
IDCC	B	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
TMHC	C	0.09%
INVA	D	0.09%
COUR	F	0.09%
UPBD	B	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
CUBI	B	0.09%
CRS	B	0.09%
EXPO	D	0.09%
VC	F	0.08%
TENB	C	0.08%
LILA	D	0.08%
OPCH	D	0.08%
HWC	B	0.08%
CVLT	B	0.08%
VIR	D	0.08%
FLR	B	0.08%
CAL	F	0.08%
SCS	C	0.08%
OSCR	D	0.08%
PD	C	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
DLX	B	0.08%
BOX	B	0.08%
NSSC	D	0.08%
AGX	B	0.08%
CARS	C	0.08%
BDC	C	0.08%
ALV	C	0.08%
CSWI	B	0.08%
CNMD	C	0.07%
UNIT	B	0.07%
EQC	B	0.07%
DH	F	0.07%
HASI	D	0.07%
AMRX	C	0.07%
EYPT	D	0.07%
MATV	D	0.07%
RIG	D	0.07%
AMPH	F	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	B	0.07%
FLNC	D	0.07%
WLY	B	0.07%
NBR	C	0.07%
EPAC	C	0.07%
NTB	B	0.07%
GKOS	B	0.07%
DOMO	B	0.07%
GCO	C	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SM	B	0.07%
SNEX	B	0.07%
NARI	C	0.07%
CEIX	A	0.07%
WNC	C	0.07%
AVXL	B	0.06%
YELP	C	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
FN	C	0.06%
TNC	D	0.06%
NXT	C	0.06%
ILPT	F	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	B	0.06%
MCY	A	0.06%
CTBI	B	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
RDN	D	0.06%
WTTR	A	0.06%
IRTC	C	0.06%
ADEA	C	0.06%
BCO	F	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	B	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
MED	D	0.06%
FOLD	F	0.05%
AVAV	C	0.05%
ITGR	B	0.05%
FFIN	B	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	C	0.05%
TILE	B	0.05%
BEAM	D	0.05%
CERS	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
HOUS	F	0.05%
MERC	F	0.05%
KOS	D	0.05%
TARS	C	0.05%
SMTC	B	0.05%
ZIP	D	0.05%
THR	B	0.05%
ASAN	B	0.05%
MDXG	B	0.05%
WGO	C	0.05%
CENTA	C	0.05%
ARWR	D	0.04%
HPP	F	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
PFSI	C	0.04%
KREF	C	0.04%
OUT	A	0.04%
DIN	C	0.04%
LPG	F	0.04%
FLYW	B	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	F	0.04%
SANA	F	0.04%
TPB	B	0.04%
SAH	C	0.04%
ANAB	F	0.04%
NATL	B	0.04%
HELE	C	0.04%
RVMD	C	0.04%
KLG	B	0.04%
AGYS	A	0.04%
ARRY	F	0.04%
CFFN	C	0.04%
OMI	F	0.04%
HLF	C	0.04%
ANGI	F	0.04%
IBP	D	0.04%
NHI	D	0.04%
HSTM	B	0.04%
MMS	F	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	C	0.04%
RCUS	F	0.04%
JANX	C	0.03%
SWIM	C	0.03%
ALHC	C	0.03%
VIAV	C	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
SUPN	C	0.03%
FL	F	0.03%
VNDA	C	0.03%
RGNX	D	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
NX	C	0.03%
EMBC	C	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	C	0.03%
XHR	B	0.03%
REVG	C	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	C	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
SLAB	F	0.03%
BRSP	C	0.03%
CDP	C	0.03%
MGNI	B	0.03%
HNI	B	0.03%
AMN	F	0.03%
ACCD	D	0.03%
VITL	D	0.03%
CGEM	F	0.03%
IVR	F	0.03%
TCBI	C	0.03%
RPD	B	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
UVE	B	0.03%
NRC	F	0.03%
OI	C	0.03%
BKD	F	0.03%
CVI	F	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
SLVM	B	0.02%
OSIS	A	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
ARCT	F	0.02%
OMER	A	0.02%
BRY	F	0.02%
DYN	F	0.02%
EVH	F	0.02%
PRO	C	0.02%
RAMP	B	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	C	0.02%
DAN	D	0.02%
DOCN	C	0.02%
EVRI	A	0.02%
NUS	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	F	0.02%
FSS	B	0.02%
MTW	C	0.02%
DY	D	0.02%
DBI	F	0.02%
LMAT	A	0.02%
RLJ	C	0.02%
PBF	D	0.02%
CRSP	D	0.02%
TLRY	F	0.02%
SITC	D	0.02%
SVC	F	0.02%
TWO	F	0.02%
CNDT	C	0.02%
OPEN	F	0.02%
SNDX	F	0.02%
WD	D	0.02%
AKRO	B	0.02%
PTCT	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
LANC	C	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
VAL	F	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	F	0.01%
EPC	F	0.01%
SFIX	B	0.01%
POWI	F	0.01%
FLWS	D	0.01%
XPRO	D	0.01%
MBC	F	0.01%
BIGC	B	0.01%
MLAB	F	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	A	0.01%
BKH	A	0.01%
CRAI	C	0.01%
SWI	C	0.01%
MITK	C	0.01%
NTLA	F	0.01%
VRE	B	0.01%
TR	B	0.01%
TTGT	B	0.01%
SWX	B	0.01%
HCAT	D	0.01%
OIS	B	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
HQY	A	0.01%
ENVA	B	0.01%
HMST	F	0.01%
CAKE	C	0.01%
STGW	A	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GEF	A	0.01%
RHP	B	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	D	0.01%
SWTX	C	0.01%
KALU	C	0.01%
NEXA	B	0.01%
UPWK	B	0.01%
NFBK	C	0.01%
SHO	D	0.01%
AEIS	C	0.01%
MAGN	D	0.0%
BFH	C	0.0%
MC	C	0.0%
CHCO	B	0.0%
GDOT	D	0.0%
NBTB	B	0.0%
EGBN	B	0.0%
FULT	A	0.0%
EIG	B	0.0%
JXN	C	0.0%
BOH	B	0.0%
DEI	B	0.0%
TRMK	C	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	B	0.0%
TBBK	B	0.0%
FBP	C	0.0%
PRDO	B	0.0%
BKU	A	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 507 Positions Relative to IWR

Symbol	Grade	Weight
PLTR	B	-1.09%
WMB	A	-0.57%
OKE	A	-0.53%
AJG	A	-0.52%
AFL	B	-0.51%
COIN	C	-0.5%
HLT	A	-0.5%
BK	A	-0.48%
DLR	B	-0.48%
SPG	A	-0.48%
URI	C	-0.46%
AMP	A	-0.46%
RCL	A	-0.45%
KMI	A	-0.44%
FICO	B	-0.44%
ALL	A	-0.43%
TTD	B	-0.43%
GWW	B	-0.42%
O	C	-0.41%
CMI	A	-0.41%
FIS	C	-0.41%
LNG	A	-0.4%
VST	A	-0.4%
FAST	B	-0.39%
SQ	A	-0.39%
PWR	A	-0.39%
DHI	F	-0.39%
MSCI	C	-0.38%
KVUE	A	-0.38%
PRU	A	-0.38%
PAYX	B	-0.38%
ROST	D	-0.38%
LHX	C	-0.38%
PEG	A	-0.37%
AME	A	-0.37%
PCG	A	-0.37%
CCI	C	-0.37%
HWM	A	-0.37%
EA	A	-0.36%
VRT	B	-0.36%
DFS	B	-0.36%
ODFL	C	-0.35%
BKR	A	-0.35%
TRGP	A	-0.35%
DAL	B	-0.34%
IR	B	-0.34%
CBRE	B	-0.33%
COR	B	-0.33%
VRSK	A	-0.33%
OTIS	C	-0.33%
LEN	D	-0.33%
FERG	B	-0.33%
HES	B	-0.33%
CTSH	B	-0.32%
KR	B	-0.32%
CTVA	C	-0.32%
XEL	A	-0.32%
EXC	C	-0.32%
IT	C	-0.32%
GEHC	D	-0.31%
A	D	-0.31%
SYY	D	-0.31%
YUM	D	-0.31%
DDOG	A	-0.31%
HPQ	B	-0.3%
CHTR	C	-0.3%
ACGL	C	-0.3%
VMC	B	-0.3%
IDXX	F	-0.29%
IQV	F	-0.29%
NUE	C	-0.29%
GIS	D	-0.29%
GLW	B	-0.29%
MTB	A	-0.29%
MLM	C	-0.29%
ED	C	-0.28%
IRM	C	-0.28%
WAB	B	-0.28%
RMD	C	-0.28%
DD	C	-0.28%
EXR	C	-0.28%
HIG	B	-0.28%
GRMN	B	-0.27%
NDAQ	A	-0.27%
AVB	B	-0.27%
ROK	C	-0.27%
VICI	C	-0.27%
HUBS	A	-0.27%
HUM	C	-0.27%
FANG	C	-0.27%
MCHP	F	-0.27%
DOW	F	-0.26%
WEC	A	-0.26%
EBAY	D	-0.26%
VEEV	C	-0.26%
ETR	B	-0.26%
EIX	B	-0.26%
WTW	B	-0.26%
FITB	B	-0.26%
UAL	A	-0.25%
CNC	D	-0.25%
DXCM	C	-0.25%
RJF	A	-0.25%
EFX	F	-0.25%
ARES	A	-0.25%
TTWO	A	-0.25%
PPG	F	-0.24%
STT	B	-0.24%
CSGP	D	-0.24%
CAH	B	-0.24%
ANSS	B	-0.24%
XYL	D	-0.24%
GPN	B	-0.24%
TSCO	D	-0.24%
ALNY	D	-0.24%
HPE	B	-0.23%
DOV	A	-0.23%
EQR	C	-0.23%
ON	D	-0.23%
CPNG	D	-0.23%
HAL	C	-0.22%
AWK	C	-0.22%
BRO	B	-0.22%
FTV	C	-0.22%
PHM	D	-0.22%
CHD	A	-0.22%
SW	A	-0.22%
BR	A	-0.22%
NET	B	-0.22%
MPWR	F	-0.22%
PPL	A	-0.21%
MTD	F	-0.21%
HSY	F	-0.21%
EQT	B	-0.21%
TYL	B	-0.21%
VLTO	C	-0.21%
ADM	D	-0.21%
TPL	A	-0.21%
HBAN	A	-0.21%
SYF	B	-0.21%
VTR	B	-0.21%
GDDY	A	-0.21%
RBLX	C	-0.21%
NVR	D	-0.21%
TROW	B	-0.21%
KEYS	A	-0.21%
SBAC	D	-0.2%
CDW	F	-0.2%
FE	C	-0.2%
NTAP	C	-0.2%
DVN	F	-0.2%
RF	A	-0.2%
CCL	A	-0.2%
AEE	A	-0.2%
DTE	C	-0.2%
CPAY	A	-0.2%
PTC	B	-0.19%
WY	F	-0.19%
WST	C	-0.19%
EXPE	B	-0.19%
ZBH	C	-0.19%
BIIB	F	-0.19%
CINF	A	-0.19%
LPLA	A	-0.19%
HUBB	B	-0.19%
ZM	C	-0.18%
NTRS	A	-0.18%
HOOD	B	-0.18%
LYB	F	-0.18%
ILMN	C	-0.18%
STE	D	-0.18%
LDOS	C	-0.18%
ES	C	-0.18%
TDY	B	-0.18%
ATO	A	-0.18%
MKL	A	-0.18%
IFF	D	-0.18%
WBD	B	-0.18%
FSLR	F	-0.17%
CMS	C	-0.17%
LYV	A	-0.17%
WDC	D	-0.17%
INVH	D	-0.17%
STLD	B	-0.17%
CLX	A	-0.17%
PKG	A	-0.17%
CBOE	C	-0.17%
WAT	C	-0.17%
K	A	-0.17%
CFG	B	-0.17%
BLDR	D	-0.17%
CTRA	B	-0.16%
NRG	B	-0.16%
BAH	F	-0.16%
ESS	B	-0.16%
COO	D	-0.16%
LUV	C	-0.16%
LII	A	-0.16%
CNP	A	-0.16%
ZBRA	B	-0.16%
MDB	B	-0.16%
LH	B	-0.16%
DRI	B	-0.16%
PFG	D	-0.16%
BBY	D	-0.16%
IP	A	-0.16%
KEY	B	-0.15%
DGX	A	-0.15%
WRB	A	-0.15%
HOLX	D	-0.15%
DKNG	B	-0.15%
TSN	B	-0.15%
PODD	C	-0.15%
ARE	F	-0.15%
MAA	B	-0.15%
FDS	B	-0.15%
SNA	A	-0.15%
ZS	B	-0.15%
TRU	D	-0.15%
MKC	C	-0.15%
BALL	F	-0.15%
OMC	C	-0.15%
NI	A	-0.14%
TWLO	A	-0.14%
DG	F	-0.14%
ALGN	D	-0.14%
FWONK	A	-0.14%
LVS	B	-0.14%
EXPD	C	-0.14%
PINS	F	-0.14%
HEI	A	-0.14%
GPC	D	-0.14%
BURL	B	-0.14%
MOH	F	-0.14%
TRMB	B	-0.14%
IEX	C	-0.14%
MAS	D	-0.14%
J	D	-0.14%
PNR	A	-0.14%
ULTA	F	-0.14%
VTRS	A	-0.13%
FNF	B	-0.13%
RGA	A	-0.13%
VRSN	C	-0.13%
DT	D	-0.13%
SUI	C	-0.13%
LNT	A	-0.13%
SSNC	B	-0.13%
AVY	F	-0.13%
CF	A	-0.13%
TXT	D	-0.13%
EG	C	-0.13%
MRO	B	-0.13%
TER	F	-0.13%
DOCU	B	-0.13%
GEN	B	-0.13%
BAX	F	-0.13%
ROL	B	-0.12%
AVTR	F	-0.12%
EQH	C	-0.12%
EVRG	A	-0.12%
APTV	F	-0.12%
UDR	B	-0.12%
DOC	C	-0.12%
AMCR	C	-0.12%
DPZ	C	-0.12%
JBHT	C	-0.12%
TW	A	-0.12%
L	A	-0.12%
PFGC	B	-0.11%
CHRW	B	-0.11%
DLTR	F	-0.11%
EPAM	B	-0.11%
ELS	C	-0.11%
SWK	D	-0.11%
AKAM	D	-0.11%
SWKS	F	-0.11%
POOL	C	-0.11%
RVTY	F	-0.11%
REG	A	-0.11%
FFIV	B	-0.11%
Z	A	-0.1%
UHS	D	-0.1%
NBIX	C	-0.1%
OKTA	C	-0.1%
EMN	C	-0.1%
JNPR	D	-0.1%
HEI	A	-0.1%
BMRN	F	-0.1%
FTI	A	-0.1%
HST	C	-0.1%
INCY	C	-0.1%
WPC	C	-0.1%
ALB	B	-0.1%
KMX	B	-0.1%
BXP	C	-0.1%
CPT	B	-0.1%
JLL	D	-0.1%
JKHY	D	-0.1%
COHR	B	-0.1%
CAG	F	-0.1%
BG	D	-0.1%
PNW	A	-0.09%
FOXA	A	-0.09%
TECH	F	-0.09%
CCK	D	-0.09%
CTLT	C	-0.09%
FND	D	-0.09%
LW	C	-0.09%
NWSA	A	-0.09%
TAP	C	-0.09%
SJM	D	-0.09%
ATR	B	-0.09%
CG	B	-0.09%
PAYC	B	-0.09%
DAY	B	-0.09%
NCLH	B	-0.09%
OWL	A	-0.09%
TFX	F	-0.08%
FBIN	D	-0.08%
AAON	B	-0.08%
SMCI	F	-0.08%
INGR	C	-0.08%
FRT	B	-0.08%
TKO	A	-0.08%
AAL	B	-0.08%
CRL	D	-0.08%
CNH	C	-0.08%
DOX	D	-0.08%
MKTX	D	-0.08%
GL	C	-0.08%
WTRG	B	-0.08%
LBRDK	C	-0.08%
ARMK	B	-0.08%
MUSA	B	-0.08%
NLY	C	-0.08%
AFG	A	-0.08%
ALLY	C	-0.08%
AES	F	-0.08%
LKQ	F	-0.08%
EXP	B	-0.08%
RPRX	D	-0.08%
LAD	A	-0.08%
IPG	D	-0.08%
WWD	C	-0.08%
MTCH	D	-0.07%
SEIC	B	-0.07%
CZR	F	-0.07%
SKX	D	-0.07%
CE	F	-0.07%
DVA	C	-0.07%
CPB	D	-0.07%
RIVN	F	-0.07%
MOS	F	-0.07%
HRL	D	-0.07%
MTZ	B	-0.07%
GLOB	B	-0.07%
AOS	F	-0.07%
MGM	D	-0.07%
SNX	D	-0.07%
KNX	C	-0.07%
HSIC	C	-0.07%
RBC	A	-0.07%
EXAS	D	-0.07%
MORN	B	-0.07%
REXR	F	-0.07%
AWI	A	-0.06%
H	B	-0.06%
CFLT	B	-0.06%
MTDR	B	-0.06%
FMC	D	-0.06%
DAR	C	-0.06%
ALK	B	-0.06%
CGNX	D	-0.06%
GXO	B	-0.06%
FRPT	A	-0.06%
GNTX	C	-0.06%
OSK	C	-0.06%
CART	C	-0.06%
PB	B	-0.06%
MHK	D	-0.06%
KEX	B	-0.06%
JAZZ	B	-0.06%
ADC	A	-0.06%
HII	F	-0.06%
FLS	B	-0.06%
BWA	D	-0.06%
G	B	-0.06%
ENPH	F	-0.06%
LITE	B	-0.05%
RITM	C	-0.05%
VVV	D	-0.05%
OLLI	D	-0.05%
FOX	A	-0.05%
THG	A	-0.05%
FNB	A	-0.05%
WHR	B	-0.05%
FOUR	A	-0.05%
BFAM	D	-0.05%
UHAL	D	-0.05%
BEN	C	-0.05%
BIO	C	-0.05%
QRVO	F	-0.05%
COLD	D	-0.05%
SIRI	C	-0.05%
SAIC	F	-0.05%
COLB	B	-0.05%
DBX	B	-0.05%
HR	B	-0.05%
KMPR	A	-0.04%
PSN	D	-0.04%
SLGN	A	-0.04%
LOPE	C	-0.04%
RH	C	-0.04%
FIVE	F	-0.04%
ST	F	-0.04%
HCP	B	-0.04%
AVT	C	-0.04%
AL	B	-0.04%
BROS	A	-0.04%
CIVI	D	-0.04%
VNOM	A	-0.04%
U	C	-0.04%
POST	C	-0.04%
LNC	C	-0.04%
CLF	F	-0.04%
CCCS	B	-0.04%
LEA	F	-0.04%
AMTM	D	-0.03%
BHF	C	-0.03%
PENN	C	-0.03%
ZI	D	-0.03%
NCNO	C	-0.03%
IRDM	D	-0.03%
ZG	A	-0.03%
IAC	F	-0.03%
SPR	D	-0.03%
NWS	A	-0.03%
NEU	D	-0.03%
DXC	B	-0.03%
OGN	F	-0.03%
LINE	F	-0.03%
RARE	F	-0.03%
CHH	A	-0.03%
GFS	C	-0.03%
MSGS	A	-0.03%
GTES	A	-0.03%
DLB	B	-0.03%
WLK	D	-0.03%
CRI	F	-0.02%
UAA	C	-0.02%
INFA	D	-0.02%
IPGP	D	-0.02%
LCID	F	-0.02%
SHC	F	-0.02%
PPC	C	-0.02%
AZTA	D	-0.02%
RCM	A	-0.02%
AAP	D	-0.02%
HAYW	B	-0.02%
JWN	D	-0.02%
PINC	B	-0.02%
CPRI	F	-0.02%
MP	C	-0.02%
HHH	B	-0.02%
ENOV	C	-0.02%
AGR	A	-0.02%
BOKF	B	-0.02%
WU	F	-0.02%
DV	C	-0.02%
SAM	C	-0.02%
COLM	C	-0.02%
AMKR	D	-0.02%
ECG	C	-0.02%
AMED	F	-0.02%
PAG	B	-0.02%
SNRE	D	-0.02%
NSA	C	-0.02%
LLYVK	A	-0.02%
UWMC	D	-0.01%
PLTK	B	-0.01%
SEB	F	-0.01%
TFSL	A	-0.01%
WOLF	F	-0.01%
LOAR	B	-0.01%
CNA	C	-0.01%
AS	A	-0.01%
CERT	F	-0.01%
LLYVA	A	-0.01%
UI	B	-0.01%
TXG	F	-0.01%
SNDR	B	-0.01%
REYN	D	-0.01%
TRIP	F	-0.01%
LEG	F	-0.01%
DJT	C	-0.01%
QS	F	-0.01%
FTRE	D	-0.01%
FWONA	A	-0.01%
LEN	D	-0.01%
BIRK	D	-0.01%
CNXC	F	-0.01%
PARAA	B	-0.0%
SEG	B	-0.0%
GRAL	B	-0.0%
UHAL	D	-0.0%
NFE	D	-0.0%