SMLF vs. SSLY ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Syntax Stratified SmallCap ETF (SSLY)

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

$65.96

Average Daily Volume

65,346

Number of Holdings ^*

808

* may have additional holdings in another (foreign) market

SSLY

Syntax Stratified SmallCap ETF

SSLY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified SmallCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 80% of its total assets in the securities comprising the index. The index is the Stratified WeightTM version of the widely used S&P SmallCap 600® Index and holds the same constituents as the S&P SmallCap 600® Index.

Grade (RS Rating)

Last Trade

$45.95

Average Daily Volume

2,767

Number of Holdings ^*

587

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	SSLY
30 Days	0.26%	-1.07%
60 Days	1.57%	-2.25%
90 Days	7.25%	6.39%
12 Months	36.38%	14.33%

246 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in SSLY	Overlap
ABG	D	0.14%	0.1%	0.1%
ACA	B	0.09%	0.15%	0.09%
ACLS	F	0.15%	0.05%	0.05%
AEIS	A	0.01%	0.13%	0.01%
AEO	F	0.06%	0.11%	0.06%
AGO	B	0.26%	0.28%	0.26%
AGYS	C	0.04%	0.14%	0.04%
AIN	F	0.01%	0.16%	0.01%
ALKS	F	0.31%	0.2%	0.2%
ALRM	F	0.03%	0.64%	0.03%
AMBC	D	0.05%	0.1%	0.05%
AMCX	F	0.0%	0.26%	0.0%
AMN	F	0.06%	0.04%	0.04%
AMPH	B	0.08%	0.34%	0.08%
AMR	F	0.12%	0.05%	0.05%
APOG	B	0.11%	0.07%	0.07%
ARCB	D	0.02%	0.07%	0.02%
ARCH	B	0.03%	0.05%	0.03%
AROC	D	0.11%	0.08%	0.08%
ASO	F	0.07%	0.25%	0.07%
ATEN	A	0.08%	0.73%	0.08%
ATI	F	0.16%	0.08%	0.08%
AVAV	B	0.05%	0.2%	0.05%
AWR	C	0.12%	0.29%	0.12%
AX	A	0.0%	0.11%	0.0%
BANF	B	0.13%	0.02%	0.02%
BCC	C	0.22%	0.1%	0.1%
BCPC	D	0.04%	0.05%	0.04%
BDN	C	0.17%	0.08%	0.08%
BFH	D	0.0%	0.13%	0.0%
BKE	B	0.11%	0.33%	0.11%
BKU	D	0.0%	0.02%	0.0%
BL	B	0.16%	0.13%	0.13%
BLMN	D	0.06%	0.1%	0.06%
BMI	D	0.15%	0.12%	0.12%
BOH	A	0.0%	0.1%	0.0%
BOX	D	0.08%	0.15%	0.08%
BRC	D	0.17%	0.13%	0.13%
BSIG	A	0.01%	0.36%	0.01%
CAKE	A	0.01%	0.12%	0.01%
CAL	F	0.08%	0.13%	0.08%
CALX	C	0.03%	0.6%	0.03%
CARG	B	0.1%	0.26%	0.1%
CARS	D	0.07%	0.19%	0.07%
CASH	B	0.0%	0.17%	0.0%
CEIX	A	0.07%	0.07%	0.07%
CENTA	F	0.05%	0.05%	0.05%
CFFN	A	0.04%	0.1%	0.04%
CHCO	B	0.0%	0.1%	0.0%
CMA	A	0.0%	0.17%	0.0%
CNMD	D	0.06%	0.11%	0.06%
CNS	B	0.04%	0.43%	0.04%
COOP	D	0.4%	0.2%	0.2%
CORT	A	0.28%	0.27%	0.27%
CPRX	A	0.24%	0.33%	0.24%
CRC	B	0.09%	0.17%	0.09%
CRS	C	0.09%	0.1%	0.09%
CUBI	D	0.08%	0.14%	0.08%
CVBF	A	0.0%	0.02%	0.0%
CVCO	D	0.15%	0.18%	0.15%
CVI	F	0.05%	0.23%	0.05%
CWEN	B	0.16%	0.14%	0.14%
CWEN	B	0.16%	0.14%	0.14%
CWK	A	0.01%	0.2%	0.01%
CXW	C	0.08%	0.09%	0.08%
DAN	F	0.03%	0.15%	0.03%
DBI	F	0.03%	0.13%	0.03%
DEI	B	0.0%	0.09%	0.0%
DFIN	F	0.12%	0.36%	0.12%
DIN	F	0.03%	0.09%	0.03%
DLX	F	0.07%	0.24%	0.07%
DNOW	F	0.08%	0.07%	0.07%
DOCN	C	0.02%	0.25%	0.02%
DVAX	A	0.08%	0.17%	0.08%
DY	C	0.02%	0.15%	0.02%
EGBN	A	0.0%	0.02%	0.0%
EIG	A	0.0%	0.31%	0.0%
EMBC	D	0.03%	0.85%	0.03%
ENR	B	0.01%	0.23%	0.01%
ENSG	A	0.15%	0.14%	0.14%
ENVA	B	0.01%	0.15%	0.01%
EPAC	A	0.07%	0.15%	0.07%
EPC	F	0.01%	0.21%	0.01%
EVTC	D	0.03%	0.16%	0.03%
EXPI	B	0.1%	0.21%	0.1%
EXTR	B	0.17%	0.44%	0.17%
FBP	D	0.0%	0.13%	0.0%
FHB	A	0.07%	0.02%	0.02%
FL	F	0.03%	0.31%	0.03%
FN	B	0.06%	0.23%	0.06%
FSS	F	0.02%	0.1%	0.02%
FULT	B	0.0%	0.02%	0.0%
GDOT	C	0.0%	0.2%	0.0%
GEO	B	0.07%	0.07%	0.07%
GES	F	0.17%	0.1%	0.1%
GFF	F	0.11%	0.35%	0.11%
GIII	B	0.03%	0.21%	0.03%
GKOS	B	0.07%	0.11%	0.07%
GMS	C	0.08%	0.09%	0.08%
GNW	C	0.0%	0.31%	0.0%
GO	F	0.01%	0.26%	0.01%
GPI	C	0.19%	0.13%	0.13%
HAIN	A	0.02%	0.11%	0.02%
HASI	A	0.09%	0.12%	0.09%
HCC	A	0.06%	0.06%	0.06%
HI	F	0.08%	0.08%	0.08%
HIW	B	0.21%	0.09%	0.09%
HNI	D	0.03%	0.11%	0.03%
HP	C	0.1%	0.07%	0.07%
HPP	F	0.0%	0.07%	0.0%
HSII	A	0.27%	0.07%	0.07%
HSTM	A	0.04%	0.37%	0.04%
HTH	F	0.11%	0.02%	0.02%
HTZ	F	0.01%	0.12%	0.01%
HWKN	D	0.06%	0.16%	0.06%
IBP	F	0.05%	0.08%	0.05%
IDCC	A	0.08%	0.18%	0.08%
INVA	B	0.1%	0.21%	0.1%
IOSP	F	0.04%	0.04%	0.04%
IPAR	F	0.12%	0.24%	0.12%
IRWD	F	0.02%	0.12%	0.02%
ITGR	D	0.05%	0.11%	0.05%
ITRI	A	0.04%	0.11%	0.04%
JACK	C	0.09%	0.23%	0.09%
JBSS	F	0.21%	0.1%	0.1%
JOE	F	0.23%	0.07%	0.07%
JXN	A	0.0%	0.35%	0.0%
KALU	B	0.01%	0.12%	0.01%
KFY	C	0.02%	0.07%	0.02%
KLG	F	0.05%	0.1%	0.05%
KLIC	B	0.1%	0.06%	0.06%
KN	D	0.08%	0.27%	0.08%
KREF	D	0.04%	0.02%	0.02%
KSS	F	0.09%	0.14%	0.09%
KW	C	0.1%	0.07%	0.07%
LGND	B	0.09%	0.36%	0.09%
LMAT	C	0.02%	0.11%	0.02%
LPG	F	0.05%	0.23%	0.05%
LRN	A	0.11%	0.17%	0.11%
LUMN	B	0.15%	1.37%	0.15%
LXP	D	0.08%	0.07%	0.07%
MAC	A	0.31%	0.07%	0.07%
MATV	F	0.09%	0.16%	0.09%
MATX	A	0.18%	0.08%	0.08%
MC	C	0.0%	0.12%	0.0%
MCY	B	0.06%	0.34%	0.06%
MERC	D	0.05%	0.12%	0.05%
MLAB	D	0.01%	0.26%	0.01%
MLI	A	0.47%	0.35%	0.35%
MMSI	B	0.14%	0.12%	0.12%
MOG.A	D	0.03%	0.17%	0.03%
MPW	D	0.07%	0.45%	0.07%
MTRN	F	0.09%	0.06%	0.06%
NARI	A	0.07%	0.09%	0.07%
NATL	D	0.04%	0.16%	0.04%
NAVI	F	0.2%	0.12%	0.12%
NBR	B	0.07%	0.08%	0.07%
NBTB	D	0.0%	0.02%	0.0%
NGVT	C	0.01%	0.04%	0.01%
NSIT	F	0.09%	0.1%	0.09%
NTCT	B	0.11%	0.44%	0.11%
NUS	F	0.02%	0.12%	0.02%
NWL	A	0.02%	0.09%	0.02%
NWN	C	0.01%	0.28%	0.01%
NX	C	0.03%	0.07%	0.03%
ODP	C	0.14%	0.17%	0.14%
OFG	C	0.0%	0.17%	0.0%
OI	F	0.03%	0.17%	0.03%
OII	D	0.1%	0.08%	0.08%
OMI	F	0.05%	0.23%	0.05%
OSIS	F	0.02%	0.12%	0.02%
OTTR	D	0.06%	0.23%	0.06%
OUT	B	0.04%	0.08%	0.04%
OXM	F	0.06%	0.1%	0.06%
PBH	A	0.08%	0.32%	0.08%
PDCO	F	0.03%	0.26%	0.03%
PEB	F	0.01%	0.07%	0.01%
PFBC	A	0.0%	0.02%	0.0%
PHIN	B	0.08%	0.13%	0.08%
PIPR	B	0.32%	0.13%	0.13%
PLUS	C	0.09%	0.49%	0.09%
POWL	B	0.35%	0.17%	0.17%
PRDO	B	0.0%	0.14%	0.0%
PRG	D	0.18%	0.15%	0.15%
PRGS	B	0.18%	0.14%	0.14%
PTEN	F	0.11%	0.06%	0.06%
PZZA	B	0.05%	0.29%	0.05%
RAMP	D	0.02%	0.1%	0.02%
RCUS	D	0.05%	0.13%	0.05%
RDN	C	0.0%	0.13%	0.0%
RGNX	F	0.03%	0.13%	0.03%
RHI	B	0.16%	0.06%	0.06%
RUSHA	A	0.05%	0.11%	0.05%
SAH	D	0.04%	0.11%	0.04%
SANM	A	0.19%	0.57%	0.19%
SATS	B	0.14%	0.52%	0.14%
SEE	B	0.0%	0.15%	0.0%
SFBS	B	0.13%	0.02%	0.02%
SHO	D	0.02%	0.07%	0.02%
SIG	C	0.27%	0.18%	0.18%
SKT	B	0.24%	0.07%	0.07%
SLG	B	0.52%	0.09%	0.09%
SLVM	B	0.02%	0.19%	0.02%
SM	F	0.07%	0.14%	0.07%
SMTC	B	0.05%	0.58%	0.05%
SNEX	A	0.07%	0.18%	0.07%
SONO	C	0.05%	0.13%	0.05%
SPSC	F	0.12%	0.13%	0.12%
SSTK	D	0.11%	0.19%	0.11%
SUPN	B	0.03%	0.28%	0.03%
SVC	F	0.03%	0.07%	0.03%
SWI	B	0.01%	0.03%	0.01%
TBBK	C	0.0%	0.17%	0.0%
TDS	A	0.04%	0.42%	0.04%
TILE	D	0.04%	0.09%	0.04%
TNC	F	0.06%	0.13%	0.06%
TPH	D	0.15%	0.18%	0.15%
TR	F	0.01%	0.11%	0.01%
TRMK	A	0.0%	0.02%	0.0%
TRN	B	0.06%	0.11%	0.06%
TTGT	C	0.01%	0.07%	0.01%
UNFI	B	0.02%	0.4%	0.02%
UNIT	C	0.07%	0.12%	0.07%
UPBD	D	0.09%	0.21%	0.09%
USNA	D	0.02%	0.08%	0.02%
UTL	D	0.01%	0.3%	0.01%
UVV	C	0.06%	0.41%	0.06%
VCEL	D	0.02%	0.76%	0.02%
VECO	F	0.11%	0.05%	0.05%
VFC	A	0.07%	0.21%	0.07%
VIAV	B	0.03%	0.19%	0.03%
VIR	F	0.07%	0.11%	0.07%
VIRT	C	0.03%	0.21%	0.03%
VRE	D	0.01%	0.09%	0.01%
VSTO	A	0.14%	0.3%	0.14%
VSTS	F	0.02%	0.14%	0.02%
WAFD	D	0.12%	0.12%	0.12%
WD	C	0.03%	0.22%	0.03%
WGO	F	0.05%	0.28%	0.05%
WNC	F	0.07%	0.09%	0.07%
WOR	F	0.08%	0.05%	0.05%
WS	A	0.19%	0.08%	0.08%
XHR	C	0.03%	0.07%	0.03%
XNCR	B	0.14%	0.14%	0.14%
XRX	F	0.23%	0.12%	0.12%
YELP	F	0.05%	0.21%	0.05%

SMLF Overweight 563 Positions Relative to SSLY

Symbol	Grade	Weight
EME	A	0.88%
APP	A	0.87%
EVR	B	0.78%
DECK	B	0.66%
BPOP	F	0.58%
MANH	C	0.55%
JBL	B	0.55%
SFM	A	0.53%
AXON	B	0.52%
MSTR	A	0.52%
NTNX	B	0.51%
NVT	A	0.51%
ALSN	A	0.5%
RS	C	0.48%
WSM	F	0.47%
VNO	B	0.45%
CSL	C	0.44%
HRB	D	0.43%
IDA	A	0.43%
FIX	B	0.43%
WING	F	0.42%
DKS	F	0.42%
CNM	D	0.41%
ORI	C	0.41%
IBKR	A	0.4%
CVNA	A	0.4%
COCO	A	0.4%
DUOL	A	0.4%
UTHR	A	0.39%
PCOR	B	0.39%
AM	C	0.39%
MEDP	F	0.39%
IOT	B	0.39%
LPX	D	0.38%
BRX	C	0.38%
LBRDA	A	0.38%
WFRD	F	0.37%
LAMR	B	0.37%
JEF	B	0.37%
EWBC	A	0.36%
TTEK	B	0.36%
GTLB	C	0.36%
FR	D	0.35%
CAVA	B	0.35%
SOLV	B	0.35%
CHE	F	0.34%
ANF	D	0.34%
PSTG	D	0.33%
YOU	A	0.33%
AYI	B	0.33%
NTRA	D	0.33%
THC	C	0.32%
CR	A	0.32%
SN	C	0.31%
WK	B	0.31%
ITT	C	0.31%
FLEX	B	0.3%
WSO	D	0.3%
GGG	F	0.3%
SPXC	D	0.3%
GPK	C	0.29%
DDS	C	0.29%
PRI	B	0.28%
FCNCA	C	0.28%
XRAY	F	0.28%
JHG	A	0.28%
MOD	C	0.28%
EXE	B	0.27%
SMAR	A	0.27%
STRL	B	0.27%
APA	F	0.26%
LBTYA	C	0.26%
R	A	0.26%
CROX	F	0.26%
AMH	F	0.26%
LNTH	B	0.25%
AMG	A	0.25%
LSCC	C	0.25%
OVV	F	0.24%
CFR	A	0.24%
RNR	C	0.24%
HURN	A	0.24%
TPR	A	0.24%
UFPI	C	0.24%
ENTG	F	0.24%
ESTC	D	0.24%
SRPT	D	0.24%
INTA	A	0.24%
HALO	D	0.24%
AN	F	0.24%
COKE	D	0.24%
ZION	A	0.23%
HAS	D	0.23%
SMG	B	0.23%
CW	B	0.23%
GAP	D	0.23%
BLD	F	0.23%
AZPN	B	0.22%
TPG	A	0.22%
TPX	F	0.22%
TREX	B	0.22%
RPM	B	0.22%
AXSM	C	0.22%
IMKTA	D	0.22%
AGCO	C	0.22%
EXEL	A	0.21%
LIVN	C	0.21%
EXLS	A	0.21%
CBSH	A	0.21%
ARW	D	0.21%
RMBS	C	0.2%
W	F	0.2%
ATKR	F	0.2%
TKR	D	0.2%
ETSY	D	0.2%
PDM	C	0.2%
GLPI	D	0.2%
ONTO	C	0.2%
M	C	0.2%
ACM	A	0.2%
TEX	D	0.2%
BBWI	F	0.2%
MUR	F	0.2%
RRX	B	0.2%
TDOC	C	0.19%
AR	F	0.19%
DNLI	D	0.19%
KRG	C	0.18%
ALLE	C	0.18%
LNW	F	0.18%
VOYA	B	0.18%
USFD	A	0.18%
PI	C	0.18%
OC	B	0.18%
WCC	A	0.18%
AGNC	D	0.18%
KNSL	F	0.18%
ELF	F	0.18%
PGRE	C	0.18%
RRC	D	0.18%
NDSN	D	0.18%
RNG	A	0.18%
AVNT	C	0.18%
DTM	A	0.18%
FROG	C	0.18%
DCI	B	0.18%
ACLX	B	0.17%
FAF	D	0.17%
HLI	A	0.17%
MMYT	B	0.17%
HAE	F	0.17%
KFRC	D	0.16%
RGLD	B	0.16%
IVT	B	0.16%
KIM	B	0.16%
SBGI	A	0.16%
WTM	B	0.16%
SLM	B	0.16%
SF	A	0.16%
NUVL	D	0.16%
TOST	A	0.16%
AIZ	D	0.16%
TOL	C	0.16%
BRKR	F	0.16%
VCYT	A	0.16%
PVH	C	0.16%
BJ	B	0.16%
PRKS	B	0.16%
ESAB	A	0.16%
HOG	F	0.16%
KBR	B	0.15%
SSD	F	0.15%
NJR	C	0.15%
NOVT	D	0.15%
OMF	A	0.15%
TTC	F	0.15%
IGT	F	0.15%
RL	B	0.15%
AY	A	0.15%
SRCE	C	0.15%
SKY	D	0.15%
IONS	F	0.15%
SPB	D	0.15%
CNO	C	0.15%
SCI	A	0.14%
GH	D	0.14%
OGS	C	0.14%
VMI	B	0.14%
UA	B	0.14%
BLKB	D	0.14%
KRC	B	0.14%
NSP	F	0.14%
GNRC	B	0.14%
NFG	B	0.14%
INSP	D	0.14%
GATX	A	0.14%
ESI	A	0.14%
FTAI	B	0.14%
CRUS	F	0.14%
TNL	A	0.14%
ONON	C	0.14%
FYBR	B	0.14%
AA	B	0.14%
SPT	F	0.14%
GOLF	D	0.13%
OGE	C	0.13%
WMS	F	0.13%
NYT	A	0.13%
PCTY	A	0.13%
TNET	F	0.13%
BCRX	A	0.13%
MFA	C	0.13%
GME	C	0.13%
DOCS	B	0.13%
CMC	B	0.13%
THO	D	0.13%
CBT	C	0.13%
RYAN	C	0.13%
WEN	B	0.13%
XPO	A	0.13%
YEXT	A	0.13%
BWXT	B	0.13%
BSY	F	0.13%
QLYS	F	0.12%
BAND	A	0.12%
ACCO	F	0.12%
MAT	A	0.12%
CUBE	D	0.12%
LILA	B	0.12%
BRZE	F	0.12%
BPMC	D	0.12%
NNN	D	0.12%
RDDT	A	0.12%
VRNS	C	0.12%
NOV	F	0.12%
UMBF	A	0.12%
WTS	F	0.12%
HIMS	B	0.12%
SR	D	0.12%
HUN	D	0.12%
LAZ	A	0.11%
PNM	B	0.11%
EXPO	D	0.11%
LOVE	B	0.11%
BASE	D	0.11%
OLN	F	0.11%
UGI	C	0.11%
HOV	D	0.11%
AIT	A	0.11%
OPCH	F	0.11%
ALX	D	0.11%
INSM	D	0.11%
X	C	0.11%
WH	A	0.11%
PCVX	C	0.11%
BERY	A	0.11%
KAI	A	0.11%
ICFI	B	0.11%
CYTK	F	0.11%
CHX	F	0.11%
WEX	F	0.11%
CRDO	B	0.1%
WAL	D	0.1%
SAIA	A	0.1%
VMEO	D	0.1%
ACAD	F	0.1%
VSH	F	0.1%
WSC	F	0.1%
OHI	A	0.1%
IBOC	B	0.1%
EGP	D	0.1%
CMPR	F	0.1%
LSTR	D	0.1%
MTG	C	0.1%
SYNA	F	0.1%
MCB	B	0.1%
FHI	A	0.1%
PARA	C	0.1%
IVZ	B	0.1%
SON	F	0.1%
COUR	F	0.1%
PNFP	A	0.09%
EEFT	F	0.09%
BDC	B	0.09%
OSCR	D	0.09%
APG	C	0.09%
LBTYK	C	0.09%
TGNA	B	0.09%
ALV	F	0.09%
FLR	B	0.09%
MTN	F	0.09%
ALIT	F	0.09%
CUZ	B	0.09%
AMLX	B	0.09%
MIDD	D	0.09%
CXT	F	0.09%
TMHC	B	0.09%
CACC	F	0.09%
BECN	B	0.09%
NSSC	F	0.09%
BC	D	0.09%
AGM	F	0.09%
CHDN	A	0.09%
VC	F	0.08%
NTB	C	0.08%
OZK	B	0.08%
MASI	A	0.08%
POR	C	0.08%
PD	F	0.08%
VERA	C	0.08%
TENB	D	0.08%
SCS	F	0.08%
YETI	F	0.08%
PLNT	D	0.08%
LYFT	C	0.08%
MTSI	B	0.08%
MDGL	B	0.08%
NXST	A	0.08%
LZ	C	0.08%
RGEN	F	0.08%
ASB	A	0.08%
HEES	B	0.08%
ASH	F	0.08%
MRC	F	0.08%
CSWI	C	0.08%
AMPL	C	0.07%
MDU	B	0.07%
AMRX	D	0.07%
ANGI	F	0.07%
FLO	F	0.07%
PEGA	A	0.07%
AIV	D	0.07%
ADEA	A	0.07%
FLNC	A	0.07%
HE	D	0.07%
ILPT	F	0.07%
RYN	C	0.07%
RIG	D	0.07%
SFL	F	0.07%
WLY	B	0.07%
EQC	D	0.07%
TXRH	A	0.07%
GCO	F	0.07%
DH	F	0.07%
HWC	A	0.07%
BCO	D	0.07%
CAR	C	0.07%
EYPT	C	0.07%
CLH	C	0.07%
VKTX	A	0.07%
AGX	A	0.07%
MKSI	F	0.07%
ANAB	F	0.07%
ELAN	D	0.07%
KNF	A	0.07%
WYNN	B	0.07%
S	B	0.06%
CNX	B	0.06%
AFRM	A	0.06%
LFUS	D	0.06%
FOLD	B	0.06%
APPF	D	0.06%
CC	F	0.06%
HOUS	F	0.06%
IRTC	C	0.06%
LADR	C	0.06%
COTY	F	0.06%
KD	D	0.06%
VAC	C	0.06%
WBA	C	0.06%
ACHC	F	0.06%
CASY	A	0.06%
AZEK	C	0.06%
FIVN	D	0.06%
SANA	F	0.06%
PEN	A	0.06%
STWD	C	0.06%
CVLT	B	0.06%
MED	F	0.06%
DOMO	C	0.06%
OLED	D	0.05%
FCN	F	0.05%
ROKU	D	0.05%
VITL	C	0.05%
AVDX	C	0.05%
WBS	B	0.05%
CERS	F	0.05%
ACI	F	0.05%
ASAN	F	0.05%
EHC	A	0.05%
NXT	C	0.05%
VNT	B	0.05%
WTTR	D	0.05%
SITE	F	0.05%
SOFI	A	0.05%
MMS	D	0.05%
ADMA	C	0.05%
GPMT	C	0.05%
THR	F	0.05%
CELH	F	0.05%
PATH	D	0.05%
PK	F	0.05%
NVST	A	0.05%
APLS	F	0.05%
FUN	F	0.05%
ITCI	A	0.05%
KOS	F	0.05%
LECO	C	0.05%
CTBI	B	0.05%
ZIP	F	0.05%
BRBR	A	0.05%
SLAB	F	0.04%
CDP	B	0.04%
IVR	F	0.04%
NRC	F	0.04%
RVMD	A	0.04%
ARWR	F	0.04%
CGEM	F	0.04%
CORZ	B	0.04%
ARRY	F	0.04%
MAN	F	0.04%
IDT	A	0.04%
PRGO	D	0.04%
DAWN	A	0.04%
FHN	A	0.04%
HLF	D	0.04%
PFSI	D	0.04%
AVXL	A	0.04%
AGS	A	0.04%
STAG	D	0.04%
SPRY	B	0.04%
HELE	C	0.04%
ENS	F	0.04%
BKD	D	0.04%
TARS	A	0.04%
FFIN	C	0.04%
RKT	D	0.04%
SNV	A	0.04%
BEAM	F	0.04%
NHI	C	0.04%
GMED	B	0.03%
AKRO	A	0.03%
PBF	F	0.03%
SITC	F	0.03%
TSE	C	0.03%
IESC	A	0.03%
ADT	B	0.03%
RYI	C	0.03%
VNDA	F	0.03%
JANX	A	0.03%
JELD	F	0.03%
TWO	F	0.03%
DNB	B	0.03%
ATRC	A	0.03%
CHWY	D	0.03%
BRSP	B	0.03%
SNDX	F	0.03%
OFIX	B	0.03%
CHRD	F	0.03%
REVG	D	0.03%
BILL	A	0.03%
CIEN	B	0.03%
TLRY	F	0.03%
UVE	C	0.03%
TCBI	B	0.03%
SWIM	B	0.03%
QXO	D	0.03%
LTH	D	0.03%
BBIO	F	0.03%
QDEL	F	0.03%
ACCD	F	0.03%
RLI	B	0.03%
UDMY	D	0.03%
EVH	F	0.03%
TPB	A	0.03%
FLYW	C	0.03%
RDFN	C	0.03%
SNBR	D	0.03%
RPD	B	0.03%
CLVT	D	0.03%
OPI	F	0.03%
MDXG	C	0.03%
OLPX	F	0.02%
SSB	B	0.02%
ERAS	D	0.02%
HXL	F	0.02%
PII	F	0.02%
NTLA	F	0.02%
HMST	F	0.02%
ALAB	B	0.02%
WOOF	C	0.02%
KVYO	B	0.02%
KRNY	B	0.02%
CACI	A	0.02%
BMBL	C	0.02%
ARCT	F	0.02%
WTFC	A	0.02%
MSA	F	0.02%
MTW	D	0.02%
DYN	F	0.02%
BRY	F	0.02%
EDR	A	0.02%
GPRO	C	0.02%
EVRI	A	0.02%
RLJ	F	0.02%
PR	F	0.02%
SAFE	D	0.02%
CNDT	D	0.02%
EPR	D	0.02%
ALHC	A	0.02%
AXTA	A	0.02%
PTCT	B	0.02%
QRTEA	F	0.02%
TGTX	A	0.02%
MGNI	C	0.02%
CRSP	D	0.02%
OPEN	F	0.02%
LANC	D	0.02%
SFIX	D	0.01%
VAL	F	0.01%
ALGM	F	0.01%
BIGC	F	0.01%
DINO	F	0.01%
PCH	F	0.01%
PGEN	F	0.01%
ARR	D	0.01%
OIS	D	0.01%
POWI	D	0.01%
JAMF	F	0.01%
UPWK	A	0.01%
FLWS	B	0.01%
RBRK	A	0.01%
ZUO	A	0.01%
OMER	B	0.01%
BKH	C	0.01%
TDC	B	0.01%
WTI	F	0.01%
JOBY	D	0.01%
MBC	B	0.01%
MITK	D	0.01%
STGW	F	0.01%
CRAI	B	0.01%
SWX	B	0.01%
HQY	B	0.01%
PYCR	B	0.01%
ROIV	D	0.01%
SWTX	D	0.01%
MBLY	C	0.01%
XPRO	F	0.01%
HCAT	C	0.01%
AXS	C	0.01%
GEF	B	0.01%
RHP	B	0.01%
GWRE	B	0.01%
BYD	A	0.01%
NFBK	B	0.01%
PRO	C	0.01%
ASGN	F	0.01%
OSUR	F	0.01%
MSM	F	0.01%
RXT	C	0.01%
NEXA	A	0.01%
UNM	A	0.0%

SMLF Underweight 341 Positions Relative to SSLY

Symbol	Grade	Weight
CNK	A	-0.81%
TNDM	F	-0.72%
PLXS	A	-0.7%
HLIT	F	-0.69%
CEVA	C	-0.57%
HVT	F	-0.54%
MD	B	-0.53%
ASTH	C	-0.51%
VGR	B	-0.51%
SITM	B	-0.48%
DGII	B	-0.44%
CTRE	A	-0.44%
TRUP	A	-0.43%
AOSL	D	-0.42%
STEP	B	-0.42%
DXC	F	-0.41%
MGPI	F	-0.39%
MXL	D	-0.39%
SEM	D	-0.38%
SPTN	D	-0.38%
PRFT	A	-0.37%
PSMT	D	-0.37%
PAHC	B	-0.37%
PTGX	B	-0.37%
RUN	D	-0.36%
SXI	A	-0.36%
CHEF	D	-0.34%
WT	B	-0.34%
APAM	B	-0.34%
LESL	F	-0.34%
WKC	D	-0.33%
SDGR	F	-0.33%
SPNT	D	-0.32%
PLMR	D	-0.32%
LCII	F	-0.32%
CCOI	B	-0.31%
PRA	B	-0.31%
HRMY	F	-0.31%
MSEX	D	-0.31%
SHAK	A	-0.31%
MGEE	B	-0.3%
DIOD	F	-0.3%
HCI	B	-0.3%
AMSF	A	-0.3%
VRTS	C	-0.3%
CPK	C	-0.29%
PINC	A	-0.29%
HMN	A	-0.29%
FELE	D	-0.29%
SAFT	D	-0.29%
SJW	F	-0.28%
CWT	D	-0.28%
SBH	B	-0.28%
AVA	D	-0.28%
TTMI	A	-0.28%
SABR	C	-0.28%
BHE	B	-0.27%
GOGO	F	-0.27%
RGR	F	-0.27%
ANIP	F	-0.27%
UFCS	F	-0.27%
CTS	A	-0.26%
LQDT	D	-0.26%
PRLB	F	-0.26%
CERT	F	-0.26%
THRM	D	-0.26%
CHCT	B	-0.26%
IAC	F	-0.25%
HBI	B	-0.25%
SNCY	A	-0.25%
AHCO	D	-0.25%
JBLU	D	-0.24%
SCHL	F	-0.24%
FDP	A	-0.24%
SLP	F	-0.24%
URBN	F	-0.24%
CNSL	A	-0.23%
CALM	B	-0.23%
SKYW	A	-0.23%
GSHD	A	-0.23%
PAYO	A	-0.22%
NPK	F	-0.22%
CABO	D	-0.22%
GRBK	D	-0.22%
BLFS	C	-0.22%
ALK	A	-0.22%
VSAT	F	-0.21%
KTB	A	-0.21%
MHO	D	-0.21%
COLL	F	-0.21%
SMP	B	-0.21%
WWW	C	-0.2%
MTH	D	-0.2%
CVGW	C	-0.2%
MMI	D	-0.2%
THRY	F	-0.2%
PARR	F	-0.2%
FLGT	C	-0.2%
ALGT	A	-0.2%
SHEN	F	-0.2%
ANDE	F	-0.19%
BGC	C	-0.19%
PATK	D	-0.19%
LGIH	F	-0.19%
CCS	F	-0.19%
BOOT	D	-0.18%
TRIP	C	-0.18%
CSGS	C	-0.18%
CBU	A	-0.18%
FWRD	C	-0.18%
REX	F	-0.18%
MODG	F	-0.18%
STC	D	-0.18%
SCVL	F	-0.17%
TALO	D	-0.17%
MGY	C	-0.17%
CTKB	F	-0.17%
CHUY	B	-0.17%
FTRE	F	-0.17%
VYX	F	-0.17%
ACIW	D	-0.17%
ATGE	A	-0.17%
VRRM	D	-0.17%
DORM	B	-0.17%
GVA	A	-0.17%
SHOO	D	-0.17%
OGN	D	-0.17%
NBHC	A	-0.16%
VICR	B	-0.16%
NOG	F	-0.16%
AXL	F	-0.16%
GPRE	F	-0.16%
UFPT	D	-0.16%
VSCO	A	-0.16%
WDFC	B	-0.15%
KRYS	D	-0.15%
LKFN	B	-0.15%
PBI	A	-0.15%
FTDR	B	-0.15%
ICUI	C	-0.15%
TFIN	B	-0.15%
OMCL	B	-0.15%
XPEL	F	-0.15%
CRK	B	-0.15%
ASIX	D	-0.15%
CRVL	D	-0.15%
NVEE	D	-0.14%
UNF	D	-0.14%
NMIH	D	-0.14%
KMT	D	-0.14%
ECPG	F	-0.13%
CLW	F	-0.13%
FOXF	F	-0.13%
MNRO	B	-0.13%
MRCY	D	-0.13%
CPF	C	-0.13%
MARA	C	-0.13%
ESE	B	-0.13%
NHC	D	-0.13%
VREX	C	-0.13%
EAT	A	-0.13%
EZPW	B	-0.12%
HCSG	C	-0.12%
LTC	A	-0.12%
ADUS	D	-0.12%
AVNS	F	-0.12%
HZO	F	-0.12%
PRAA	D	-0.12%
JBT	A	-0.12%
PJT	B	-0.12%
FORM	F	-0.12%
EYE	D	-0.12%
SXT	C	-0.12%
COHU	D	-0.12%
ENV	A	-0.12%
TGI	C	-0.12%
BGS	C	-0.11%
CNXN	F	-0.11%
BJRI	A	-0.11%
NEO	D	-0.11%
AORT	B	-0.11%
VTLE	F	-0.11%
ABM	B	-0.11%
RDNT	C	-0.11%
NABL	F	-0.11%
LNC	A	-0.11%
QNST	A	-0.11%
TRST	C	-0.11%
LEG	F	-0.11%
NWBI	D	-0.11%
KAR	F	-0.11%
HUBG	D	-0.11%
CBRL	C	-0.11%
DV	F	-0.11%
LZB	D	-0.11%
STRA	F	-0.11%
THS	F	-0.11%
KOP	F	-0.11%
MOV	F	-0.11%
MYRG	B	-0.1%
ASTE	C	-0.1%
SCSC	F	-0.1%
GBX	A	-0.1%
DXPE	D	-0.1%
ALG	F	-0.1%
LNN	C	-0.1%
ARLO	F	-0.1%
MYGN	F	-0.1%
JJSF	D	-0.1%
MCW	A	-0.1%
ETD	F	-0.1%
CXM	F	-0.1%
WRLD	D	-0.1%
WHD	C	-0.09%
UHT	D	-0.09%
HAYW	A	-0.09%
AIR	F	-0.09%
MCRI	A	-0.09%
GNL	D	-0.09%
JBGS	C	-0.09%
AMWD	D	-0.09%
MLKN	F	-0.09%
AL	C	-0.09%
RXO	B	-0.09%
DDD	C	-0.09%
PCRX	C	-0.09%
CRSR	F	-0.09%
SMPL	C	-0.09%
PRVA	D	-0.09%
AWI	A	-0.09%
GTES	A	-0.09%
VVI	B	-0.09%
FIZZ	D	-0.09%
REZI	D	-0.08%
AAT	B	-0.08%
IIPR	B	-0.08%
VTOL	D	-0.08%
USPH	F	-0.08%
MSGS	A	-0.08%
DEA	C	-0.08%
MATW	D	-0.08%
INN	F	-0.08%
GDEN	F	-0.08%
NVRI	F	-0.08%
PENN	A	-0.08%
UE	A	-0.07%
ALEX	C	-0.07%
GTY	C	-0.07%
PLAB	F	-0.07%
AHH	D	-0.07%
ROCK	D	-0.07%
PECO	B	-0.07%
CSR	D	-0.07%
FCPT	D	-0.07%
MRTN	F	-0.07%
IIIN	F	-0.07%
AZZ	D	-0.07%
LBRT	F	-0.07%
PUMP	F	-0.07%
HLX	F	-0.07%
BTU	A	-0.07%
ELME	D	-0.07%
STAA	F	-0.07%
HTLD	F	-0.07%
AAP	F	-0.07%
ROIC	C	-0.07%
WERN	D	-0.07%
SEDG	F	-0.07%
APLE	B	-0.07%
CLB	A	-0.07%
SNDR	A	-0.07%
NXRT	D	-0.07%
EPRT	C	-0.07%
RES	F	-0.07%
DRH	D	-0.07%
AKR	A	-0.07%
WSR	B	-0.06%
EFC	D	-0.06%
B	A	-0.06%
SXC	A	-0.06%
PLAY	C	-0.06%
NPO	F	-0.06%
TWI	F	-0.06%
IART	C	-0.06%
KELYA	D	-0.06%
CMP	C	-0.06%
RWT	C	-0.06%
BFS	D	-0.06%
PDFS	F	-0.06%
HAYN	A	-0.06%
CENX	A	-0.06%
KWR	F	-0.05%
FUL	F	-0.05%
MTUS	F	-0.05%
UCTT	F	-0.05%
CENT	D	-0.05%
MYE	F	-0.05%
ICHR	F	-0.05%
PMT	D	-0.05%
ZEUS	F	-0.05%
TDW	F	-0.05%
FBRT	B	-0.05%
CCRN	F	-0.05%
ROG	F	-0.04%
SCL	F	-0.04%
MTX	C	-0.04%
WABC	B	-0.02%
ABR	B	-0.02%
BXMT	C	-0.02%
UCB	D	-0.02%
CATY	A	-0.02%
RNST	A	-0.02%
BANC	B	-0.02%
FFBC	A	-0.02%
AUB	C	-0.02%
PPBI	B	-0.02%
SBCF	C	-0.02%
BRKL	A	-0.02%
WSFS	D	-0.02%
HAFC	A	-0.02%
HOPE	C	-0.02%
HFWA	A	-0.02%
FCF	C	-0.02%
BHLB	B	-0.02%
FBK	A	-0.02%
SFNC	B	-0.02%
INDB	A	-0.02%
VBTX	B	-0.02%
ABCB	B	-0.02%
FBNC	C	-0.02%
SBSI	D	-0.02%
BANR	B	-0.02%
STBA	D	-0.02%
PFS	B	-0.02%
TMP	A	-0.02%
IBTX	A	-0.02%
PRK	A	-0.02%
DCOM	B	-0.02%
RILY	D	-0.02%
RC	F	-0.01%
ARI	F	-0.01%