SMLF vs. MDY ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to SPDR MidCap Trust Series I (MDY)

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

$72.91

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

MDY

SPDR MidCap Trust Series I

MDY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P MidCap 400 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P MidCap 400 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$609.15

Average Daily Volume

734,896

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	MDY
30 Days	7.55%	4.74%
60 Days	8.72%	6.03%
90 Days	9.84%	6.40%
12 Months	38.08%	30.43%

264 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in MDY	Overlap
AA	A	0.13%	0.36%	0.13%
ACHC	F	0.04%	0.14%	0.04%
ACM	B	0.19%	0.49%	0.19%
AGCO	D	0.2%	0.21%	0.2%
AIT	B	0.12%	0.31%	0.12%
ALGM	D	0.01%	0.11%	0.01%
ALV	C	0.08%	0.23%	0.08%
AM	A	0.37%	0.17%	0.17%
AMG	B	0.23%	0.2%	0.2%
AMH	C	0.25%	0.38%	0.25%
AN	C	0.24%	0.14%	0.14%
ANF	F	0.3%	0.23%	0.23%
APPF	B	0.06%	0.17%	0.06%
AR	B	0.21%	0.26%	0.21%
ARW	D	0.18%	0.22%	0.18%
ARWR	D	0.04%	0.08%	0.04%
ASB	B	0.1%	0.12%	0.1%
ASGN	F	0.01%	0.14%	0.01%
ASH	F	0.07%	0.14%	0.07%
AVNT	B	0.18%	0.15%	0.15%
AXTA	B	0.03%	0.29%	0.03%
AYI	B	0.35%	0.32%	0.32%
BC	C	0.09%	0.18%	0.09%
BCO	F	0.06%	0.16%	0.06%
BDC	C	0.08%	0.16%	0.08%
BERY	C	0.1%	0.28%	0.1%
BJ	A	0.16%	0.39%	0.16%
BKH	A	0.01%	0.14%	0.01%
BLD	D	0.21%	0.37%	0.21%
BLKB	B	0.13%	0.1%	0.1%
BRBR	A	0.06%	0.29%	0.06%
BRKR	D	0.14%	0.22%	0.14%
BRX	A	0.37%	0.28%	0.28%
BWXT	B	0.13%	0.38%	0.13%
BYD	B	0.01%	0.16%	0.01%
CACI	D	0.02%	0.43%	0.02%
CAR	C	0.09%	0.05%	0.05%
CASY	A	0.06%	0.5%	0.06%
CBSH	B	0.24%	0.25%	0.24%
CBT	D	0.12%	0.2%	0.12%
CC	C	0.06%	0.09%	0.06%
CDP	C	0.03%	0.12%	0.03%
CELH	F	0.04%	0.16%	0.04%
CFR	B	0.25%	0.28%	0.25%
CHDN	B	0.1%	0.36%	0.1%
CHE	D	0.3%	0.28%	0.28%
CHRD	D	0.03%	0.27%	0.03%
CHX	C	0.11%	0.19%	0.11%
CIEN	C	0.03%	0.32%	0.03%
CLH	C	0.07%	0.4%	0.07%
CMC	B	0.14%	0.21%	0.14%
CNM	D	0.36%	0.29%	0.29%
CNO	B	0.16%	0.13%	0.13%
CNX	A	0.06%	0.18%	0.06%
COKE	C	0.22%	0.23%	0.22%
COTY	F	0.06%	0.09%	0.06%
CR	A	0.35%	0.26%	0.26%
CROX	D	0.19%	0.22%	0.19%
CRUS	D	0.11%	0.2%	0.11%
CSL	C	0.41%	0.67%	0.41%
CUBE	C	0.11%	0.37%	0.11%
CUZ	B	0.08%	0.16%	0.08%
CVLT	B	0.08%	0.24%	0.08%
CW	C	0.23%	0.46%	0.23%
CXT	C	0.09%	0.09%	0.09%
CYTK	F	0.11%	0.21%	0.11%
DCI	B	0.18%	0.3%	0.18%
DINO	D	0.01%	0.22%	0.01%
DKS	D	0.38%	0.39%	0.38%
DOCS	C	0.15%	0.18%	0.15%
DTM	A	0.2%	0.3%	0.2%
DUOL	A	0.44%	0.38%	0.38%
EEFT	B	0.09%	0.14%	0.09%
EGP	D	0.09%	0.29%	0.09%
EHC	B	0.05%	0.35%	0.05%
ELF	C	0.2%	0.2%	0.2%
EME	A	0.94%	0.72%	0.72%
ENS	F	0.04%	0.13%	0.04%
ENSG	C	0.14%	0.3%	0.14%
EPR	C	0.02%	0.12%	0.02%
ESAB	C	0.18%	0.24%	0.18%
EVR	B	0.81%	0.33%	0.33%
EWBC	A	0.39%	0.47%	0.39%
EXEL	B	0.24%	0.33%	0.24%
EXLS	B	0.23%	0.23%	0.23%
EXPO	D	0.09%	0.17%	0.09%
FAF	A	0.16%	0.23%	0.16%
FCN	F	0.04%	0.24%	0.04%
FFIN	B	0.05%	0.16%	0.05%
FHI	B	0.11%	0.11%	0.11%
FHN	A	0.04%	0.32%	0.04%
FIX	A	0.44%	0.48%	0.44%
FLO	D	0.06%	0.15%	0.06%
FLR	B	0.08%	0.31%	0.08%
FN	C	0.06%	0.3%	0.06%
FR	D	0.31%	0.24%	0.24%
FYBR	C	0.13%	0.27%	0.13%
GAP	C	0.23%	0.16%	0.16%
GATX	A	0.15%	0.17%	0.15%
GEF	A	0.01%	0.06%	0.01%
GGG	B	0.3%	0.47%	0.3%
GLPI	C	0.18%	0.48%	0.18%
GME	C	0.16%	0.3%	0.16%
GMED	A	0.03%	0.29%	0.03%
GPK	C	0.26%	0.29%	0.26%
HAE	C	0.2%	0.13%	0.13%
HALO	F	0.24%	0.22%	0.22%
HLI	A	0.18%	0.32%	0.18%
HOG	D	0.15%	0.13%	0.13%
HQY	A	0.01%	0.26%	0.01%
HRB	D	0.4%	0.29%	0.29%
HWC	B	0.08%	0.16%	0.08%
HXL	F	0.01%	0.17%	0.01%
IBKR	A	0.45%	0.57%	0.45%
IBOC	B	0.11%	0.11%	0.11%
IDA	A	0.46%	0.19%	0.19%
ITT	A	0.31%	0.4%	0.31%
JEF	A	0.4%	0.36%	0.36%
JHG	B	0.31%	0.18%	0.18%
KBR	F	0.12%	0.31%	0.12%
KD	B	0.06%	0.18%	0.06%
KNF	B	0.07%	0.19%	0.07%
KNSL	B	0.18%	0.33%	0.18%
KRC	B	0.12%	0.15%	0.12%
KRG	B	0.17%	0.19%	0.17%
LAMR	C	0.33%	0.4%	0.33%
LANC	C	0.02%	0.12%	0.02%
LECO	C	0.05%	0.38%	0.05%
LFUS	D	0.05%	0.21%	0.05%
LIVN	F	0.2%	0.1%	0.1%
LNTH	D	0.17%	0.26%	0.17%
LNW	F	0.17%	0.29%	0.17%
LPX	B	0.41%	0.21%	0.21%
LSCC	D	0.23%	0.24%	0.23%
LSTR	D	0.1%	0.22%	0.1%
M	F	0.19%	0.15%	0.15%
MAN	F	0.04%	0.1%	0.04%
MANH	D	0.5%	0.56%	0.5%
MASI	B	0.08%	0.22%	0.08%
MAT	D	0.12%	0.24%	0.12%
MEDP	D	0.38%	0.28%	0.28%
MIDD	C	0.08%	0.24%	0.08%
MKSI	C	0.08%	0.23%	0.08%
MMS	F	0.04%	0.18%	0.04%
MSA	F	0.02%	0.23%	0.02%
MSM	C	0.02%	0.12%	0.02%
MTG	C	0.09%	0.22%	0.09%
MTN	C	0.09%	0.22%	0.09%
MTSI	B	0.09%	0.22%	0.09%
MUR	D	0.19%	0.15%	0.15%
NFG	A	0.13%	0.19%	0.13%
NJR	A	0.14%	0.16%	0.14%
NNN	C	0.1%	0.28%	0.1%
NOV	C	0.12%	0.21%	0.12%
NOVT	D	0.14%	0.21%	0.14%
NSP	F	0.11%	0.1%	0.1%
NVST	B	0.06%	0.12%	0.06%
NVT	B	0.49%	0.43%	0.43%
NXST	C	0.07%	0.18%	0.07%
NYT	D	0.12%	0.32%	0.12%
OC	A	0.18%	0.53%	0.18%
OGE	A	0.12%	0.28%	0.12%
OGS	A	0.13%	0.14%	0.13%
OHI	C	0.09%	0.38%	0.09%
OLED	F	0.03%	0.27%	0.03%
OLN	F	0.09%	0.17%	0.09%
ONTO	F	0.15%	0.34%	0.15%
OPCH	D	0.08%	0.14%	0.08%
ORI	A	0.41%	0.29%	0.29%
OVV	B	0.25%	0.36%	0.25%
OZK	B	0.08%	0.16%	0.08%
PBF	D	0.02%	0.1%	0.02%
PCH	F	0.01%	0.1%	0.01%
PCTY	C	0.14%	0.28%	0.14%
PEN	B	0.07%	0.31%	0.07%
PII	F	0.01%	0.13%	0.01%
PK	C	0.05%	0.1%	0.05%
PLNT	A	0.09%	0.23%	0.09%
PNFP	B	0.1%	0.28%	0.1%
POR	C	0.07%	0.17%	0.07%
POWI	F	0.01%	0.12%	0.01%
PR	B	0.02%	0.3%	0.02%
PRGO	C	0.04%	0.12%	0.04%
PRI	B	0.28%	0.32%	0.28%
PSTG	D	0.29%	0.53%	0.29%
PVH	C	0.17%	0.19%	0.17%
QLYS	B	0.13%	0.15%	0.13%
R	B	0.28%	0.22%	0.22%
RGEN	D	0.08%	0.24%	0.08%
RGLD	C	0.14%	0.33%	0.14%
RLI	A	0.03%	0.22%	0.03%
RMBS	B	0.24%	0.18%	0.18%
RNR	C	0.21%	0.47%	0.21%
ROIV	C	0.01%	0.17%	0.01%
RPM	A	0.22%	0.57%	0.22%
RRC	B	0.19%	0.25%	0.19%
RRX	B	0.2%	0.38%	0.2%
RS	B	0.49%	0.54%	0.49%
RYAN	A	0.13%	0.23%	0.13%
RYN	D	0.06%	0.14%	0.06%
SAIA	B	0.12%	0.45%	0.12%
SCI	B	0.14%	0.41%	0.14%
SF	B	0.17%	0.37%	0.17%
SFM	A	0.6%	0.44%	0.44%
SLAB	F	0.03%	0.12%	0.03%
SLM	A	0.16%	0.17%	0.16%
SMG	C	0.19%	0.13%	0.13%
SNV	C	0.05%	0.25%	0.05%
SON	F	0.09%	0.18%	0.09%
SR	A	0.12%	0.13%	0.12%
SRPT	F	0.2%	0.41%	0.2%
SSB	B	0.02%	0.26%	0.02%
SSD	F	0.14%	0.26%	0.14%
STAG	D	0.04%	0.23%	0.04%
STWD	C	0.06%	0.22%	0.06%
SWX	B	0.01%	0.15%	0.01%
SYNA	C	0.1%	0.09%	0.09%
TCBI	C	0.03%	0.12%	0.03%
TDC	D	0.01%	0.11%	0.01%
TEX	F	0.19%	0.12%	0.12%
THC	D	0.31%	0.51%	0.31%
THO	B	0.13%	0.19%	0.13%
TKR	D	0.17%	0.18%	0.17%
TMHC	C	0.09%	0.25%	0.09%
TNL	A	0.16%	0.12%	0.12%
TOL	B	0.16%	0.52%	0.16%
TPX	B	0.24%	0.29%	0.24%
TREX	C	0.24%	0.27%	0.24%
TTC	C	0.14%	0.29%	0.14%
TTEK	F	0.29%	0.45%	0.29%
TXRH	B	0.07%	0.44%	0.07%
UA	C	0.14%	0.04%	0.04%
UFPI	C	0.23%	0.26%	0.23%
UGI	C	0.1%	0.18%	0.1%
UMBF	B	0.14%	0.17%	0.14%
UNM	A	0.0%	0.38%	0.0%
USFD	A	0.18%	0.52%	0.18%
UTHR	C	0.38%	0.57%	0.38%
VAC	C	0.07%	0.09%	0.07%
VAL	F	0.01%	0.12%	0.01%
VC	F	0.08%	0.09%	0.08%
VMI	B	0.15%	0.22%	0.15%
VNO	C	0.41%	0.24%	0.24%
VNT	C	0.05%	0.2%	0.05%
VOYA	B	0.17%	0.27%	0.17%
VSH	F	0.09%	0.07%	0.07%
WAL	B	0.1%	0.31%	0.1%
WBS	A	0.05%	0.31%	0.05%
WCC	B	0.2%	0.3%	0.2%
WEN	D	0.12%	0.11%	0.11%
WEX	D	0.09%	0.24%	0.09%
WFRD	D	0.35%	0.2%	0.2%
WH	B	0.12%	0.24%	0.12%
WING	D	0.36%	0.29%	0.29%
WMS	F	0.1%	0.36%	0.1%
WSM	C	0.42%	0.6%	0.42%
WSO	A	0.31%	0.57%	0.31%
WTFC	A	0.02%	0.27%	0.02%
WTS	B	0.12%	0.18%	0.12%
X	B	0.1%	0.3%	0.1%
XPO	B	0.17%	0.52%	0.17%
XRAY	F	0.2%	0.16%	0.16%
YETI	D	0.08%	0.1%	0.08%
ZION	B	0.24%	0.27%	0.24%

SMLF Overweight 546 Positions Relative to MDY

Symbol	Grade	Weight
APP	B	1.49%
MSTR	B	0.73%
DECK	A	0.72%
AXON	A	0.66%
ALSN	B	0.56%
NTNX	B	0.56%
JBL	C	0.55%
BPOP	C	0.53%
SLG	B	0.49%
MLI	B	0.49%
CVNA	B	0.46%
COCO	A	0.43%
PCOR	B	0.42%
COOP	B	0.41%
IOT	A	0.41%
NTRA	A	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
POWL	C	0.38%
PIPR	A	0.34%
CAVA	B	0.34%
WK	B	0.34%
HSII	B	0.31%
FLEX	B	0.31%
SOLV	D	0.31%
MAC	B	0.31%
DDS	B	0.31%
TPR	B	0.3%
ALKS	C	0.3%
SPXC	A	0.3%
CORT	B	0.3%
EXE	A	0.29%
STRL	A	0.29%
AGO	B	0.27%
INTA	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	B	0.26%
ESTC	C	0.26%
SIG	B	0.26%
MOD	A	0.25%
HURN	C	0.25%
CPRX	C	0.24%
SKT	A	0.24%
IMKTA	C	0.24%
ENTG	D	0.23%
YOU	D	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	B	0.22%
APA	D	0.22%
WS	C	0.22%
AXSM	B	0.22%
MATX	C	0.21%
TOST	B	0.21%
AZPN	A	0.21%
ETSY	D	0.2%
RDDT	A	0.2%
ATKR	D	0.2%
DNLI	D	0.2%
BBWI	C	0.2%
TPG	A	0.2%
LUMN	C	0.2%
RNG	C	0.19%
JOE	F	0.19%
NAVI	F	0.19%
GH	B	0.19%
HAS	D	0.19%
PRGS	A	0.18%
XRX	F	0.18%
TDOC	C	0.18%
NDSN	B	0.18%
VCYT	B	0.18%
HIW	C	0.18%
FROG	C	0.18%
MMYT	B	0.17%
ACLX	C	0.17%
BRC	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
RHI	C	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	C	0.16%
BL	B	0.16%
BMI	B	0.16%
WTM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
AGNC	C	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
LBTYA	F	0.15%
GNRC	C	0.15%
SBGI	B	0.15%
ONON	A	0.15%
XNCR	B	0.15%
GES	F	0.15%
RL	C	0.15%
W	D	0.15%
FTAI	A	0.15%
SPB	C	0.15%
ABG	C	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	B	0.15%
AMR	C	0.14%
ATI	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
MMSI	A	0.14%
IONS	F	0.14%
PI	D	0.14%
YEXT	B	0.14%
AY	A	0.14%
SPT	C	0.14%
TPH	D	0.14%
VMEO	B	0.13%
BPMC	B	0.13%
IPAR	B	0.13%
TNET	F	0.13%
ACCO	C	0.13%
BRZE	C	0.13%
GOLF	B	0.13%
KAI	B	0.13%
BDN	C	0.13%
SFBS	C	0.13%
NUVL	C	0.13%
INSP	D	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%
BSY	F	0.12%
WAFD	B	0.12%
NTCT	C	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
PARA	C	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%
APOG	C	0.11%
CXW	C	0.11%
MCB	B	0.11%
MDGL	B	0.11%
BCRX	D	0.11%
KW	C	0.1%
MTRN	C	0.1%
HP	C	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	D	0.1%
IVZ	B	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	A	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
ALX	D	0.1%
LYFT	C	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%
WSC	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%
APG	B	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%
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%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
VIR	D	0.08%
PEGA	B	0.08%
CAL	F	0.08%
ELAN	D	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	B	0.08%
PD	C	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
CACC	D	0.08%
DLX	B	0.08%
VFC	C	0.08%
BOX	B	0.08%
NSSC	D	0.08%
AGX	B	0.08%
KSS	F	0.08%
CARS	C	0.08%
CSWI	B	0.08%
CNMD	C	0.07%
AFRM	A	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%
WYNN	C	0.07%
MATV	D	0.07%
RIG	D	0.07%
AMPH	F	0.07%
LXP	D	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%
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%
S	B	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%
TRN	B	0.06%
MCY	A	0.06%
CTBI	B	0.06%
MPW	F	0.06%
ITCI	C	0.06%
VKTX	F	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	B	0.06%
RDN	D	0.06%
WTTR	A	0.06%
IRTC	C	0.06%
ADEA	C	0.06%
SFL	D	0.06%
AIV	C	0.06%
ADMA	B	0.06%
AZEK	A	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%
ACI	C	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	F	0.05%
ITRI	C	0.05%
LBTYK	A	0.05%
TILE	B	0.05%
BEAM	D	0.05%
SITE	F	0.05%
CERS	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	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%
APLS	F	0.05%
ASAN	B	0.05%
WBA	F	0.05%
MDXG	B	0.05%
WGO	C	0.05%
CENTA	C	0.05%
HPP	F	0.04%
MDU	D	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%
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%
ROKU	D	0.04%
BILL	A	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%
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%
ADT	C	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%
DNB	B	0.03%
TGTX	B	0.03%
BBIO	F	0.03%
QXO	D	0.03%
OFIX	C	0.03%
XHR	B	0.03%
VIRT	A	0.03%
QDEL	F	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%
BRSP	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%
RPD	B	0.03%
SPRY	C	0.03%
ATRC	C	0.03%
CNS	B	0.03%
RKT	F	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%
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%
VSTS	C	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%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	C	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%
CLVT	D	0.02%
RLJ	C	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%
ARCB	C	0.02%
PDCO	F	0.02%
CALX	D	0.02%
CWK	C	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
EPC	F	0.01%
SFIX	B	0.01%
FLWS	D	0.01%
XPRO	D	0.01%
MBC	F	0.01%
BIGC	B	0.01%
MLAB	F	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
ZUO	B	0.01%
NWN	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%
HCAT	D	0.01%
OIS	B	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
ENVA	B	0.01%
HMST	F	0.01%
AXS	A	0.01%
CAKE	C	0.01%
STGW	A	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	B	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%
SEE	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%
CMA	B	0.0%
AX	B	0.0%
OFG	B	0.0%

SMLF Underweight 128 Positions Relative to MDY

Symbol	Grade	Weight
ILMN	C	-0.79%
TPL	A	-0.76%
LII	A	-0.67%
DT	D	-0.55%
RBA	A	-0.54%
FNF	B	-0.54%
BURL	B	-0.54%
AVTR	F	-0.52%
EQH	C	-0.5%
COHR	B	-0.49%
DOCU	B	-0.49%
RGA	A	-0.48%
ELS	C	-0.45%
PFGC	B	-0.44%
JLL	D	-0.44%
BMRN	F	-0.43%
NBIX	C	-0.42%
WPC	C	-0.42%
FND	D	-0.38%
ATR	B	-0.38%
CCK	D	-0.38%
FBIN	D	-0.36%
CG	B	-0.36%
WTRG	B	-0.34%
WWD	C	-0.34%
CNH	C	-0.34%
ARMK	B	-0.34%
EXP	B	-0.33%
ALLY	C	-0.33%
AFG	A	-0.32%
REXR	F	-0.32%
MORN	B	-0.31%
LAD	A	-0.31%
MUSA	B	-0.31%
INGR	C	-0.3%
SNX	D	-0.3%
AAL	B	-0.3%
KNX	C	-0.29%
RBC	A	-0.28%
SKX	D	-0.28%
AAON	B	-0.27%
TKO	A	-0.27%
SAIC	F	-0.26%
ADC	A	-0.26%
MTZ	B	-0.26%
GXO	B	-0.25%
HLNE	B	-0.25%
SEIC	B	-0.25%
BIO	C	-0.24%
CGNX	D	-0.24%
FLS	B	-0.24%
PB	B	-0.24%
GNTX	C	-0.24%
H	B	-0.23%
KEX	B	-0.23%
OSK	C	-0.23%
JAZZ	B	-0.23%
G	B	-0.22%
ESNT	F	-0.22%
COLB	B	-0.21%
MTDR	B	-0.21%
CLF	F	-0.21%
CADE	B	-0.21%
DBX	B	-0.21%
ONB	C	-0.21%
ALTR	B	-0.21%
DAR	C	-0.21%
KBH	D	-0.2%
WHR	B	-0.2%
SRCL	B	-0.2%
GBCI	B	-0.2%
LEA	F	-0.19%
SIGI	C	-0.19%
OLLI	D	-0.19%
GTLS	A	-0.18%
UBSI	B	-0.18%
POST	C	-0.18%
ST	F	-0.18%
VVV	D	-0.18%
FNB	A	-0.18%
FIVE	F	-0.18%
THG	A	-0.18%
PSN	D	-0.17%
HOMB	A	-0.17%
WMG	D	-0.16%
SBRA	C	-0.16%
RH	C	-0.16%
AVT	C	-0.16%
ORA	B	-0.15%
LITE	B	-0.15%
DLB	B	-0.15%
IRT	A	-0.15%
WLK	D	-0.15%
CIVI	D	-0.15%
PNM	B	-0.14%
LOPE	C	-0.14%
NEU	D	-0.14%
VLY	B	-0.14%
SLGN	A	-0.14%
WU	F	-0.13%
ALE	A	-0.13%
KMPR	A	-0.13%
IRDM	D	-0.12%
AMED	F	-0.11%
CHH	A	-0.11%
ZI	D	-0.11%
NWE	B	-0.11%
PAG	B	-0.1%
NEOG	F	-0.1%
BHF	C	-0.1%
AMKR	D	-0.1%
GHC	B	-0.1%
NSA	C	-0.1%
SAM	C	-0.09%
COLM	C	-0.09%
JWN	D	-0.08%
IPGP	D	-0.08%
RCM	A	-0.08%
GT	C	-0.08%
ENOV	C	-0.08%
CPRI	F	-0.08%
HGV	C	-0.08%
SHC	F	-0.08%
PPC	C	-0.07%
CRI	F	-0.07%
CNXC	F	-0.07%
AZTA	D	-0.07%
UAA	C	-0.06%