SMLF vs. TOTL ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to SPDR DoubleLine Total Return Tactical ETF (TOTL)

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

$60.11

Average Daily Volume

66,645

Number of Holdings ^*

817

* may have additional holdings in another (foreign) market

TOTL

SPDR DoubleLine Total Return Tactical ETF

TOTL Description

The investment seeks to maximize total return. Under normal circumstances, the fund invests substantially all of its assets in the State Street DoubleLine Total Return Tactical Portfolio (the "Portfolio"), a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, it invests indirectly through the Portfolio. Under normal circumstances, DoubleLine Capital LP (the "Sub-Adviser" or "DoubleLine") will invest at least 80% of the Portfolio&#39;s net assets in a portfolio of fixed income securities of any credit quality. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.05

Average Daily Volume

566,187

Number of Holdings ^*

229

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	TOTL
30 Days	-5.32%	-1.21%
60 Days	-2.66%	-1.07%
90 Days	2.64%	-2.22%
12 Months	22.52%	-0.43%

58 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in TOTL	Overlap
AM	A	0.4%	0.01%	0.01%
APA	F	0.35%	0.01%	0.01%
APG	B	0.11%	0.01%	0.01%
AR	A	0.28%	0.01%	0.01%
ARW	B	0.23%	0.06%	0.06%
ATKR	B	0.53%	0.01%	0.01%
BCC	D	0.23%	0.03%	0.03%
BECN	A	0.05%	0.01%	0.01%
BERY	D	0.1%	0.06%	0.06%
BYD	F	0.01%	0.02%	0.01%
CHK	B	0.31%	0.01%	0.01%
CLH	A	0.06%	0.01%	0.01%
CNX	B	0.04%	0.01%	0.01%
COTY	D	0.1%	0.01%	0.01%
CVNA	B	0.13%	0.01%	0.01%
DAN	B	0.03%	0.0%	0.0%
DNB	F	0.02%	0.02%	0.02%
EHC	A	0.05%	0.0%	0.0%
EVRI	F	0.05%	0.0%	0.0%
FNA	D	0.04%	0.4%	0.04%
FR	D	0.57%	0.06%	0.06%
FYBR	C	0.1%	0.0%	0.0%
GFF	C	0.1%	0.03%	0.03%
GPI	A	0.24%	0.01%	0.01%
GPS	D	0.14%	0.01%	0.01%
LUMN	F	0.09%	0.01%	0.01%
MATV	A	0.15%	0.02%	0.02%
NAVI	F	0.22%	0.01%	0.01%
NBR	F	0.08%	0.01%	0.01%
NEXA	A	0.03%	0.01%	0.01%
NXST	D	0.08%	0.01%	0.01%
OMF	A	0.2%	0.0%	0.0%
OPCH	D	0.12%	0.0%	0.0%
OVV	B	0.33%	0.02%	0.02%
PFSI	B	0.04%	0.02%	0.02%
PK	D	0.07%	0.01%	0.01%
RH	F	0.03%	0.01%	0.01%
RIG	F	0.15%	0.0%	0.0%
SAH	A	0.04%	0.02%	0.02%
SBGI	C	0.1%	0.01%	0.01%
SIX	D	0.06%	0.02%	0.02%
SLG	B	0.03%	0.06%	0.03%
SMG	C	0.2%	0.01%	0.01%
SPB	C	0.15%	0.01%	0.01%
SSP	D	0.01%	0.01%	0.01%
THC	A	0.25%	0.01%	0.01%
TROX	A	0.02%	0.0%	0.0%
UNFI	F	0.01%	0.01%	0.01%
UNIT	C	0.05%	0.01%	0.01%
VNO	D	0.33%	0.02%	0.02%
VNT	D	0.06%	0.06%	0.06%
VOYA	B	0.16%	0.03%	0.03%
WD	C	0.05%	0.0%	0.0%
WFRD	B	0.6%	0.01%	0.01%
WH	D	0.11%	0.01%	0.01%
WMS	D	0.15%	0.01%	0.01%
WOOF	F	0.01%	0.02%	0.01%
XHR	D	0.03%	0.01%	0.01%

SMLF Overweight 759 Positions Relative to TOTL

Symbol	Grade	Weight
EME	A	0.82%
DECK	D	0.67%
WSM	A	0.64%
EVR	C	0.58%
JBL	F	0.58%
BPOP	A	0.57%
NVT	B	0.56%
NTNX	C	0.56%
DKS	B	0.54%
MEDP	B	0.52%
RS	D	0.52%
WING	A	0.51%
IDA	A	0.48%
JEF	B	0.45%
CNM	A	0.44%
MANH	F	0.43%
TRGP	A	0.42%
COOP	A	0.42%
CSL	A	0.41%
ALSN	D	0.41%
APP	B	0.4%
ITT	B	0.39%
ORI	A	0.38%
HRB	B	0.37%
LPX	D	0.37%
LSCC	F	0.36%
FIX	D	0.36%
CHE	D	0.36%
SIG	D	0.35%
LAMR	B	0.35%
MLI	A	0.35%
INSP	A	0.35%
IOT	B	0.34%
CROX	D	0.34%
BBWI	D	0.34%
WK	F	0.34%
IBKR	A	0.34%
DDS	B	0.34%
SFM	A	0.34%
TREX	C	0.34%
PSTG	B	0.34%
ENTG	D	0.34%
AXON	B	0.34%
EWBC	A	0.33%
NTRA	A	0.33%
BRX	B	0.33%
WIRE	A	0.33%
TTC	D	0.32%
PIPR	A	0.32%
GGG	D	0.32%
ESTC	B	0.32%
TTEK	A	0.32%
COCO	B	0.31%
VGR	D	0.31%
ANF	C	0.31%
DUOL	A	0.3%
MUR	B	0.3%
ELF	D	0.3%
WSO	A	0.3%
AYI	D	0.29%
AGCO	D	0.29%
SPT	F	0.29%
RMBS	F	0.28%
BLD	C	0.28%
GPK	D	0.28%
IMKTA	F	0.28%
RNR	C	0.28%
AN	A	0.27%
UTHR	A	0.27%
AMH	B	0.27%
CR	A	0.27%
RRX	D	0.27%
FLEX	D	0.27%
GES	B	0.27%
SPXC	A	0.26%
AGO	D	0.26%
TKR	A	0.26%
XP	F	0.26%
MAC	F	0.26%
SRPT	B	0.26%
TPX	C	0.25%
FCNCA	A	0.25%
JOE	A	0.25%
M	D	0.25%
XNCR	B	0.25%
ETRN	B	0.25%
CFR	B	0.24%
TPR	D	0.24%
HSII	D	0.24%
R	A	0.24%
RRC	B	0.24%
JHG	C	0.24%
JBSS	D	0.24%
UFPI	D	0.23%
TEX	D	0.23%
HAE	A	0.23%
NDSN	C	0.23%
PRI	D	0.23%
BRKR	D	0.23%
SATS	A	0.23%
MSTR	D	0.23%
SWAV	A	0.23%
BJ	A	0.22%
LBTYA	F	0.22%
AMR	D	0.22%
AMG	C	0.22%
SLM	A	0.22%
CAVA	A	0.22%
MOD	B	0.22%
ASO	F	0.21%
PI	A	0.21%
TPG	C	0.21%
ALKS	F	0.21%
EXPO	A	0.21%
AZPN	D	0.21%
CBSH	A	0.21%
XRAY	F	0.21%
SKT	C	0.2%
SANM	C	0.2%
WCC	F	0.2%
HALO	C	0.2%
KFRC	D	0.2%
SN	A	0.2%
ONTO	B	0.2%
DCI	B	0.2%
RPM	D	0.2%
SMAR	D	0.2%
PVH	D	0.2%
DTM	A	0.2%
CMA	B	0.19%
EXEL	B	0.19%
LNW	D	0.19%
CPRX	C	0.19%
PRGS	F	0.19%
VSTO	A	0.19%
ACM	B	0.19%
SCI	B	0.19%
ZION	A	0.19%
KBR	A	0.18%
AVNT	A	0.18%
NOV	D	0.18%
IONS	D	0.18%
BSY	B	0.18%
OC	A	0.18%
AGNC	B	0.18%
GH	F	0.18%
FROG	C	0.18%
NSP	B	0.18%
HLI	A	0.18%
RHI	F	0.18%
IRWD	D	0.18%
HOG	F	0.18%
ACLS	D	0.18%
GLPI	F	0.18%
CW	A	0.18%
GTLB	F	0.18%
FHB	A	0.18%
SAIA	F	0.17%
TNET	F	0.17%
PTEN	F	0.17%
LNTH	A	0.17%
AXNX	B	0.17%
ATI	A	0.17%
MATX	D	0.17%
ACI	D	0.17%
QLYS	D	0.17%
AXSM	B	0.17%
WTM	A	0.17%
AA	B	0.17%
SSTK	D	0.17%
AX	A	0.17%
HIW	A	0.17%
ESAB	B	0.17%
EXLS	D	0.17%
EDR	A	0.17%
PRKS	F	0.17%
RNG	D	0.17%
BL	D	0.17%
COKE	C	0.17%
ALLE	D	0.16%
KNSL	F	0.16%
USFD	C	0.16%
CYTK	D	0.16%
SSD	D	0.16%
KRG	A	0.16%
AIZ	C	0.16%
LIVN	A	0.16%
TDOC	F	0.16%
FAF	D	0.16%
KAI	D	0.15%
AY	A	0.15%
CMC	D	0.15%
TPH	A	0.15%
GEO	B	0.15%
ESI	D	0.15%
NOVT	D	0.15%
IGT	F	0.15%
TNL	D	0.15%
HI	F	0.15%
IVT	A	0.15%
DNOW	D	0.15%
CORT	C	0.15%
BRC	A	0.15%
WEN	B	0.15%
VIR	F	0.15%
KIM	D	0.14%
SQSP	B	0.14%
GATX	C	0.14%
BLKB	B	0.14%
SRCE	B	0.14%
OLN	D	0.14%
GOLF	D	0.14%
PGRE	B	0.14%
PRG	B	0.14%
SYNA	D	0.14%
HURN	F	0.14%
CELH	C	0.14%
SKY	D	0.14%
CC	D	0.14%
EXTR	F	0.14%
SF	A	0.14%
MTRN	F	0.14%
CGEM	A	0.14%
PDM	B	0.14%
ABG	D	0.14%
HUN	D	0.14%
CHX	B	0.14%
VSH	C	0.14%
XPO	D	0.14%
CVCO	D	0.14%
PCTY	F	0.13%
BAND	A	0.13%
CNO	B	0.13%
DNLI	D	0.13%
MODN	A	0.13%
WEX	D	0.13%
SR	A	0.13%
XRX	F	0.13%
INTA	F	0.13%
NXT	F	0.13%
HP	D	0.13%
WOR	D	0.13%
FIVN	F	0.13%
OGS	A	0.13%
UPBD	C	0.13%
MAT	F	0.13%
WAL	C	0.13%
NFG	A	0.13%
ENSG	C	0.13%
IPAR	F	0.13%
BDN	A	0.13%
DFIN	B	0.13%
THO	F	0.13%
RGLD	B	0.13%
X	F	0.12%
AWR	C	0.12%
HTH	D	0.12%
KSS	F	0.12%
OGE	A	0.12%
RGEN	F	0.12%
UA	F	0.12%
CMPR	D	0.12%
CBT	B	0.12%
KLIC	F	0.12%
MMYT	A	0.12%
ALIT	D	0.12%
SON	C	0.12%
KRC	F	0.12%
LRN	A	0.12%
JACK	F	0.12%
GNRC	B	0.12%
RYAN	B	0.12%
SPSC	B	0.12%
PR	B	0.12%
WSC	F	0.11%
VMI	F	0.11%
OII	D	0.11%
BC	D	0.11%
ODP	D	0.11%
ICFI	C	0.11%
ATEN	B	0.11%
LSTR	D	0.11%
BLMN	D	0.11%
WAFD	D	0.11%
WTS	C	0.11%
CUBE	D	0.11%
CXT	B	0.11%
AEL	A	0.11%
MCB	B	0.11%
BKE	D	0.11%
CACC	F	0.11%
NNN	B	0.11%
NYT	C	0.11%
CAL	D	0.11%
BMI	A	0.11%
AROC	B	0.11%
VRNS	D	0.11%
HOV	B	0.11%
ALX	B	0.11%
GME	F	0.11%
BWXT	C	0.11%
LILA	A	0.11%
BANF	A	0.11%
VCYT	D	0.1%
EGP	F	0.1%
SFL	A	0.1%
MKSI	C	0.1%
ACAD	D	0.1%
W	F	0.1%
AIT	D	0.1%
ANAB	B	0.1%
APLS	F	0.1%
SFBS	D	0.1%
IBOC	A	0.1%
BPMC	A	0.1%
FHI	D	0.1%
APOG	A	0.1%
VKTX	B	0.1%
MIDD	D	0.1%
MRC	D	0.1%
EEFT	C	0.1%
HAS	A	0.1%
ARCB	F	0.1%
BRZE	F	0.1%
UMBF	B	0.1%
CHDN	A	0.1%
ASH	B	0.1%
BILL	F	0.1%
CRC	D	0.1%
WNC	F	0.1%
CRUS	D	0.1%
MFA	B	0.1%
AGM	A	0.1%
PII	F	0.1%
VC	D	0.1%
IDT	B	0.1%
CARS	F	0.09%
YETI	F	0.09%
TOST	C	0.09%
GMS	C	0.09%
OZK	A	0.09%
LAZ	D	0.09%
ASB	A	0.09%
NJR	A	0.09%
VSTS	D	0.09%
TGNA	D	0.09%
KW	B	0.09%
MTG	B	0.09%
PBH	B	0.09%
SNEX	A	0.09%
ACLX	D	0.09%
MDGL	C	0.09%
IVZ	F	0.09%
SANA	B	0.09%
IRTC	B	0.09%
CUBI	D	0.09%
SM	B	0.09%
YOU	F	0.09%
OXM	A	0.09%
SITC	C	0.09%
CXW	C	0.09%
VECO	C	0.09%
LYFT	D	0.09%
TENB	D	0.09%
MERC	A	0.09%
LOVE	D	0.09%
PD	F	0.09%
AMN	D	0.09%
ACHC	D	0.09%
NAPA	F	0.08%
BEAM	F	0.08%
AEO	B	0.08%
SLVM	A	0.08%
ASGN	D	0.08%
OSCR	A	0.08%
MASI	D	0.08%
DLX	B	0.08%
OTTR	A	0.08%
MTSI	A	0.08%
KN	D	0.08%
PLUS	D	0.08%
ALV	A	0.08%
FLO	A	0.08%
VAC	B	0.08%
DOMO	F	0.08%
ACA	D	0.08%
OHI	B	0.08%
HOUS	F	0.08%
SNDR	F	0.08%
KOS	F	0.08%
EXPI	F	0.08%
DOCS	F	0.08%
HEES	F	0.08%
BASE	C	0.08%
OMI	D	0.08%
NSIT	D	0.08%
HIBB	A	0.08%
INVA	A	0.08%
MGRC	D	0.08%
UVE	A	0.07%
BCO	B	0.07%
STWD	D	0.07%
PLNT	F	0.07%
BDC	D	0.07%
LECO	D	0.07%
PCVX	C	0.07%
MMSI	B	0.07%
HELE	F	0.07%
AIV	B	0.07%
GCO	F	0.07%
TXRH	A	0.07%
SONO	D	0.07%
ONON	D	0.07%
HCC	A	0.07%
HWC	A	0.07%
LPG	B	0.07%
HASI	D	0.07%
PNFP	D	0.07%
PZZA	F	0.07%
TOL	B	0.07%
CENTA	C	0.07%
RYN	D	0.07%
AVDX	C	0.07%
FLR	A	0.07%
CUZ	B	0.07%
UVV	A	0.07%
EQC	D	0.07%
BOX	D	0.07%
LXP	D	0.07%
YELP	B	0.07%
AZEK	C	0.07%
JXN	A	0.07%
NRC	D	0.07%
CNMD	F	0.07%
CAR	F	0.07%
SAFE	F	0.07%
MPW	B	0.07%
TLRY	C	0.07%
TDC	D	0.07%
CEIX	F	0.07%
BCRX	D	0.07%
NTB	A	0.07%
YEXT	F	0.07%
POR	A	0.07%
WLY	A	0.06%
LGND	C	0.06%
NYCB	F	0.06%
PNM	C	0.06%
HLF	D	0.06%
STNE	C	0.06%
HE	F	0.06%
DOCN	C	0.06%
LFUS	D	0.06%
IDCC	D	0.06%
ESTA	A	0.06%
DIN	F	0.06%
CSWI	A	0.06%
CALX	F	0.06%
VERA	C	0.06%
CFLT	F	0.06%
ADEA	F	0.06%
SVC	F	0.06%
ARRY	F	0.06%
THG	A	0.06%
ALGM	D	0.06%
DVAX	D	0.06%
GTLS	D	0.06%
PEGA	C	0.06%
STAA	B	0.06%
MDU	A	0.06%
NVST	F	0.06%
ZIP	F	0.06%
AGS	D	0.06%
HIMS	C	0.06%
SITE	F	0.06%
WGO	D	0.06%
STRL	D	0.06%
AMPH	D	0.06%
PFBC	A	0.06%
UGI	A	0.06%
ASAN	D	0.06%
NARI	D	0.06%
LADR	A	0.06%
TKO	B	0.06%
THR	A	0.06%
AAN	F	0.06%
ILPT	B	0.06%
PEN	D	0.06%
AMPL	D	0.05%
DYN	C	0.05%
FCN	A	0.05%
TRN	A	0.05%
COUR	F	0.05%
ACCO	F	0.05%
CTBI	A	0.05%
FBP	A	0.05%
ACCD	F	0.05%
RUSHA	F	0.05%
MODG	B	0.05%
GIII	C	0.05%
SNBR	F	0.05%
PCH	F	0.05%
SCS	D	0.05%
RCUS	D	0.05%
CARG	D	0.05%
BRBR	C	0.05%
MMS	C	0.05%
IOSP	C	0.05%
MAN	B	0.05%
BKD	A	0.05%
KD	C	0.05%
CNDT	B	0.05%
FOLD	D	0.05%
MCY	A	0.05%
WTTR	B	0.05%
CERS	D	0.05%
RGNX	D	0.05%
CVLT	A	0.05%
ADT	C	0.05%
JOBY	D	0.05%
SOFI	F	0.04%
INSW	A	0.04%
ARCH	D	0.04%
NX	D	0.04%
SYM	F	0.04%
UNM	A	0.04%
IRDM	B	0.04%
FLNC	B	0.04%
BRY	B	0.04%
KREF	D	0.04%
HMST	D	0.04%
KNX	F	0.04%
BRSP	D	0.04%
NUS	F	0.04%
AMCX	D	0.04%
FHN	A	0.04%
CLVT	F	0.04%
PDCO	F	0.04%
OUT	B	0.04%
OLED	F	0.04%
FFIN	D	0.04%
LITE	D	0.04%
DAR	F	0.04%
OPI	F	0.04%
HPP	F	0.04%
IVR	B	0.04%
CVBF	D	0.04%
HWKN	A	0.04%
LZ	C	0.04%
MED	F	0.04%
STAG	D	0.04%
BCPC	C	0.04%
NHI	A	0.04%
SLAB	F	0.04%
RPD	F	0.04%
ALG	D	0.04%
FLYW	F	0.04%
ENS	D	0.04%
CHRD	B	0.04%
UDMY	F	0.04%
ARWR	D	0.04%
EVH	F	0.04%
WBS	D	0.04%
AGX	A	0.04%
PBF	B	0.04%
QDEL	F	0.04%
ITGR	B	0.04%
CVI	F	0.04%
FIVE	F	0.04%
VFC	F	0.03%
EMBC	F	0.03%
PRGO	A	0.03%
ATHA	D	0.03%
NTCT	D	0.03%
GNW	C	0.03%
RDFN	F	0.03%
SUPN	C	0.03%
TDS	B	0.03%
DBI	F	0.03%
EPAC	A	0.03%
CNS	D	0.03%
TMHC	C	0.03%
XPRO	D	0.03%
MTW	F	0.03%
TSE	F	0.03%
PRO	D	0.03%
HNI	C	0.03%
FL	F	0.03%
OFIX	F	0.03%
MBLY	D	0.03%
PGEN	C	0.03%
VCEL	C	0.03%
RLJ	D	0.03%
CDP	B	0.03%
TWO	A	0.03%
CRSP	F	0.03%
GPRO	F	0.03%
BMBL	F	0.03%
NATL	B	0.03%
ANGI	D	0.03%
FFWM	F	0.03%
KLG	A	0.03%
LANC	C	0.03%
VNDA	A	0.03%
USNA	D	0.03%
RVMD	A	0.03%
AVAV	A	0.03%
DBRG	F	0.03%
RLI	B	0.03%
TTGT	D	0.03%
AVXL	F	0.03%
AGYS	B	0.03%
MDXG	D	0.03%
SNDX	C	0.03%
ALRM	C	0.03%
TILE	D	0.03%
SNV	C	0.03%
EVTC	D	0.03%
RKT	C	0.03%
CFFN	D	0.03%
PLCE	F	0.02%
ETNB	F	0.02%
OPEN	F	0.02%
MITK	D	0.02%
DAWN	A	0.02%
PYCR	F	0.02%
OSIS	B	0.02%
BBIO	D	0.02%
STRO	D	0.02%
BOH	D	0.02%
ITCI	B	0.02%
CTRN	F	0.02%
HXL	D	0.02%
TBBK	F	0.02%
BOKF	A	0.02%
SHO	D	0.02%
KFY	D	0.02%
PTCT	B	0.02%
LTH	F	0.02%
INSM	D	0.02%
CPRI	F	0.02%
AKRO	F	0.02%
NTLA	D	0.02%
WTFC	C	0.02%
KALU	A	0.02%
OFG	A	0.02%
SP	A	0.02%
GMED	D	0.02%
CASY	A	0.02%
RL	D	0.02%
SPRY	B	0.02%
WS	F	0.02%
PRDO	A	0.02%
MSM	D	0.02%
DH	F	0.02%
SCHL	F	0.02%
MGNI	D	0.02%
SWTX	C	0.02%
DY	A	0.02%
CASH	B	0.02%
DEI	B	0.02%
SAM	F	0.02%
MSEX	C	0.02%
ALHC	D	0.02%
OI	F	0.02%
TVTX	F	0.02%
AMSF	F	0.02%
VIRT	A	0.02%
EPR	C	0.02%
DOOR	A	0.02%
CIEN	D	0.02%
FSS	B	0.02%
TPB	A	0.02%
AMBC	C	0.02%
AXTA	B	0.02%
ATRC	F	0.02%
ATRI	A	0.02%
MSA	C	0.02%
PRTA	F	0.02%
RAMP	F	0.02%
VIAV	F	0.02%
TNC	B	0.02%
TCBI	D	0.02%
GDOT	B	0.02%
NBTB	A	0.01%
ALLO	F	0.01%
HMN	A	0.01%
EGRX	F	0.01%
NVRO	F	0.01%
ADPT	F	0.01%
NFBK	D	0.01%
TGTX	B	0.01%
OIS	F	0.01%
BIGC	F	0.01%
HZO	F	0.01%
NUVL	C	0.01%
HTZ	F	0.01%
HCAT	F	0.01%
CHWY	F	0.01%
MATW	F	0.01%
CAKE	D	0.01%
SWI	D	0.01%
POWI	D	0.01%
ARR	D	0.01%
MBC	D	0.01%
VRE	F	0.01%
PEB	D	0.01%
DINO	D	0.01%
UTL	B	0.01%
AXS	C	0.01%
RDN	C	0.01%
BKU	A	0.01%
NWN	A	0.01%
KNF	A	0.01%
HQY	C	0.01%
BKH	A	0.01%
GO	F	0.01%
FULT	A	0.01%
BSIG	B	0.01%
AGEN	D	0.01%
RXT	D	0.01%
STGW	A	0.01%
TR	F	0.01%
AIN	D	0.01%
EPC	B	0.01%
JAMF	A	0.01%
NGVT	A	0.01%
UPWK	D	0.01%
ROIV	B	0.01%
VAL	D	0.01%
ENR	B	0.01%
QRTEA	F	0.01%
FLWS	D	0.01%
WTI	F	0.01%
SSB	D	0.01%
ENVA	B	0.01%
SWIM	F	0.01%
GEF	D	0.01%
PARA	B	0.01%
HYFM	D	0.01%
SWX	A	0.01%
NMRA	F	0.01%
OMER	D	0.01%
TRMK	A	0.01%
HAIN	F	0.01%
CACI	A	0.01%
RHP	D	0.01%
ERAS	D	0.01%
AEIS	D	0.01%
KRNY	F	0.01%
EIG	C	0.01%
VMEO	D	0.0%
PAYO	B	0.0%
FBNC	D	0.0%
CHCO	A	0.0%
BFH	B	0.0%
SEE	D	0.0%
EGBN	F	0.0%
MC	D	0.0%

SMLF Underweight 171 Positions Relative to TOTL

Symbol	Grade	Weight
LMAT	B	-0.28%
RY	C	-0.17%
MS	A	-0.12%
TMO	B	-0.12%
GS	A	-0.12%
C	A	-0.12%
GOOD	A	-0.11%
BXP	D	-0.1%
VZ	C	-0.1%
ACR	A	-0.1%
JPM	A	-0.1%
DUK	A	-0.09%
TXT	D	-0.09%
ARE	D	-0.08%
GTE	B	-0.08%
EXPE	D	-0.08%
RPRX	D	-0.07%
UPST	F	-0.07%
OMC	A	-0.06%
PWR	A	-0.06%
AL	A	-0.06%
DFS	B	-0.06%
CCI	D	-0.06%
NEE	A	-0.06%
AMGN	B	-0.06%
ORCL	D	-0.06%
CI	A	-0.06%
CSX	D	-0.06%
SO	A	-0.06%
BA	D	-0.06%
MUFG	D	-0.06%
WELL	A	-0.06%
CMCSA	F	-0.06%
WFC	A	-0.06%
DLTR	F	-0.06%
BG	B	-0.06%
MAR	D	-0.06%
AVGO	D	-0.06%
WRK	A	-0.06%
DG	D	-0.06%
DELL	B	-0.06%
ABBV	D	-0.06%
EPD	B	-0.06%
WTRG	A	-0.06%
HD	D	-0.05%
S	C	-0.05%
GP	F	-0.05%
WMB	A	-0.04%
PXD	A	-0.04%
VLO	B	-0.04%
AEP	A	-0.04%
XOM	B	-0.04%
CHT	C	-0.04%
BRO	C	-0.04%
FE	A	-0.03%
SEM	C	-0.03%
GM	A	-0.03%
USAC	D	-0.03%
CARR	A	-0.03%
HCA	C	-0.03%
DD	A	-0.03%
NTAP	B	-0.03%
SYY	D	-0.03%
FDX	B	-0.03%
HAL	D	-0.03%
MPLX	A	-0.03%
ET	A	-0.03%
GE	A	-0.03%
VSAT	F	-0.02%
PPC	A	-0.02%
EQT	B	-0.02%
GOGO	B	-0.02%
KAR	A	-0.02%
FTAI	A	-0.02%
CRI	F	-0.02%
SXC	D	-0.02%
NRG	A	-0.02%
VTRS	C	-0.02%
RDNT	A	-0.02%
SLGN	B	-0.02%
OGN	A	-0.02%
BALY	B	-0.02%
JELD	A	-0.02%
CCLP	A	-0.02%
AXL	B	-0.02%
BHF	B	-0.02%
PCG	A	-0.02%
KHC	B	-0.02%
MSC	A	-0.02%
T	B	-0.02%
TSQ	B	-0.01%
BTU	F	-0.01%
VVI	D	-0.01%
FLL	D	-0.01%
SKIL	F	-0.01%
STX	C	-0.01%
PLYA	C	-0.01%
EAF	B	-0.01%
BIDU	C	-0.01%
DAL	A	-0.01%
SLCA	A	-0.01%
BGS	A	-0.01%
UAN	A	-0.01%
IRM	B	-0.01%
MODV	F	-0.01%
TGI	D	-0.01%
MUSA	B	-0.01%
DVA	A	-0.01%
INFA	D	-0.01%
GDEN	F	-0.01%
SPH	C	-0.01%
CTLT	C	-0.01%
MHO	D	-0.01%
VNOM	B	-0.01%
CCS	D	-0.01%
EBS	F	-0.01%
YUM	B	-0.01%
CNSL	B	-0.01%
GPOR	B	-0.01%
BLDR	C	-0.01%
GLT	F	-0.01%
GT	D	-0.01%
WES	A	-0.01%
SWN	B	-0.01%
FUN	D	-0.01%
IBP	B	-0.01%
NFLX	D	-0.01%
CYH	A	-0.01%
PFGC	D	-0.01%
MGM	F	-0.01%
SIRI	F	-0.01%
UBER	D	-0.01%
NCLH	F	-0.01%
JAZZ	F	-0.01%
AES	A	-0.01%
PENN	F	-0.01%
VSCO	D	-0.01%
NGL	C	-0.01%
IEP	D	-0.01%
OXY	B	-0.01%
LYV	D	-0.01%
STZ	C	-0.01%
BNS	D	-0.01%
CNC	D	-0.01%
COMM	F	-0.01%
CHTR	F	-0.01%
BAC	A	-0.01%
TMUS	A	-0.01%
KSA	C	-0.01%
TRTX	A	-0.01%
F	D	-0.01%
BX	D	-0.01%
GNR	A	-0.01%
HLT	C	-0.0%
CMCO	C	-0.0%
VICI	C	-0.0%
UCTT	D	-0.0%
ICLR	C	-0.0%
EXC	A	-0.0%
CCO	D	-0.0%
IHRT	D	-0.0%
SUN	D	-0.0%
URI	D	-0.0%
CZR	F	-0.0%
POST	A	-0.0%
UAL	B	-0.0%
CCL	F	-0.0%
AAL	F	-0.0%
TDG	A	-0.0%
HESM	C	-0.0%
FN	D	-0.0%