SMLF vs. VBK ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Vanguard Small-Cap Growth ETF (VBK)

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

$61.56

Average Daily Volume

66,458

Number of Holdings ^*

817

* may have additional holdings in another (foreign) market

VBK

Vanguard Small-Cap Growth ETF

VBK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Growth Index, a broadly diversified index of growth stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$249.84

Average Daily Volume

252,387

Number of Holdings ^*

475

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	VBK
30 Days	-1.55%	-2.29%
60 Days	-0.38%	-2.72%
90 Days	5.10%	2.73%
12 Months	25.88%	18.01%

241 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in VBK	Overlap
ACAD	F	0.1%	0.09%	0.09%
ACLS	D	0.18%	0.14%	0.14%
AEIS	D	0.01%	0.15%	0.01%
ALGM	C	0.06%	0.08%	0.06%
ALKS	F	0.21%	0.18%	0.18%
ALRM	D	0.03%	0.14%	0.03%
AMH	C	0.27%	0.45%	0.27%
AMN	D	0.09%	0.05%	0.05%
AMR	D	0.22%	0.14%	0.14%
APLS	F	0.1%	0.23%	0.1%
APP	B	0.4%	0.37%	0.37%
ARRY	D	0.06%	0.09%	0.06%
ARWR	F	0.04%	0.13%	0.04%
ASAN	F	0.06%	0.05%	0.05%
ATI	B	0.17%	0.26%	0.17%
ATRC	F	0.02%	0.05%	0.02%
AVAV	B	0.03%	0.17%	0.03%
AXNX	C	0.17%	0.14%	0.14%
AXON	B	0.34%	0.88%	0.34%
AXSM	C	0.17%	0.12%	0.12%
AZEK	D	0.07%	0.29%	0.07%
BBIO	F	0.02%	0.08%	0.02%
BCPC	C	0.04%	0.2%	0.04%
BEAM	F	0.08%	0.1%	0.08%
BILL	F	0.1%	0.27%	0.1%
BL	D	0.17%	0.14%	0.14%
BLD	D	0.28%	0.56%	0.28%
BLKB	B	0.14%	0.08%	0.08%
BMI	A	0.11%	0.19%	0.11%
BOX	F	0.07%	0.15%	0.07%
BPMC	B	0.1%	0.23%	0.1%
BRBR	C	0.05%	0.31%	0.05%
BRKR	D	0.23%	0.34%	0.23%
BRZE	F	0.1%	0.1%	0.1%
BWXT	D	0.11%	0.37%	0.11%
BYD	F	0.01%	0.18%	0.01%
CACC	D	0.11%	0.11%	0.11%
CALX	F	0.06%	0.07%	0.06%
CARG	C	0.05%	0.08%	0.05%
CASY	A	0.02%	0.47%	0.02%
CEIX	D	0.07%	0.04%	0.04%
CELH	D	0.14%	0.57%	0.14%
CFLT	F	0.06%	0.23%	0.06%
CHDN	B	0.1%	0.33%	0.1%
CHE	D	0.36%	0.38%	0.36%
CHWY	F	0.01%	0.07%	0.01%
CHX	D	0.14%	0.27%	0.14%
CIEN	D	0.02%	0.28%	0.02%
CLH	A	0.06%	0.39%	0.06%
CMPR	D	0.12%	0.06%	0.06%
CNM	A	0.44%	0.43%	0.43%
CNMD	F	0.07%	0.1%	0.07%
CNS	D	0.03%	0.07%	0.03%
COKE	B	0.17%	0.17%	0.17%
CORT	D	0.15%	0.08%	0.08%
COUR	F	0.05%	0.06%	0.05%
CROX	C	0.34%	0.33%	0.33%
CSWI	A	0.06%	0.07%	0.06%
CUBE	D	0.11%	0.4%	0.11%
CVCO	C	0.14%	0.06%	0.06%
CVLT	A	0.05%	0.18%	0.05%
CVNA	B	0.13%	0.37%	0.13%
CW	A	0.18%	0.39%	0.18%
CYTK	D	0.16%	0.27%	0.16%
DAR	D	0.04%	0.29%	0.04%
DBRG	F	0.03%	0.06%	0.03%
DECK	D	0.67%	0.96%	0.67%
DNLI	F	0.13%	0.08%	0.08%
DOCN	D	0.06%	0.08%	0.06%
DOCS	F	0.08%	0.11%	0.08%
DOOR	A	0.02%	0.06%	0.02%
DUOL	A	0.3%	0.3%	0.3%
DY	A	0.02%	0.08%	0.02%
EEFT	C	0.1%	0.19%	0.1%
ELF	D	0.3%	0.41%	0.3%
ENSG	D	0.13%	0.28%	0.13%
ENTG	D	0.34%	0.84%	0.34%
EPAC	A	0.03%	0.04%	0.03%
ESTC	B	0.32%	0.31%	0.31%
EVH	F	0.04%	0.14%	0.04%
EXEL	D	0.19%	0.27%	0.19%
EXLS	C	0.17%	0.2%	0.17%
EXPI	C	0.08%	0.03%	0.03%
EXPO	B	0.21%	0.17%	0.17%
FIVE	F	0.04%	0.38%	0.04%
FIVN	F	0.13%	0.18%	0.13%
FIX	A	0.36%	0.45%	0.36%
FLNC	B	0.04%	0.04%	0.04%
FLYW	F	0.04%	0.11%	0.04%
FOLD	F	0.05%	0.14%	0.05%
FROG	D	0.18%	0.15%	0.15%
FSS	B	0.02%	0.21%	0.02%
GGG	D	0.32%	0.62%	0.32%
GH	D	0.18%	0.09%	0.09%
GMED	D	0.02%	0.24%	0.02%
GNRC	B	0.12%	0.3%	0.12%
GTLB	F	0.18%	0.21%	0.18%
GTLS	B	0.06%	0.28%	0.06%
HAE	A	0.23%	0.17%	0.17%
HALO	C	0.2%	0.2%	0.2%
HIMS	D	0.06%	0.09%	0.06%
HLI	A	0.18%	0.27%	0.18%
HP	F	0.13%	0.07%	0.07%
HQY	D	0.01%	0.28%	0.01%
HXL	C	0.02%	0.24%	0.02%
IDCC	B	0.06%	0.05%	0.05%
INSM	D	0.02%	0.16%	0.02%
INSP	B	0.35%	0.25%	0.25%
INTA	F	0.13%	0.06%	0.06%
IONS	F	0.18%	0.21%	0.18%
IOT	B	0.34%	0.25%	0.25%
IPAR	D	0.13%	0.1%	0.1%
IRDM	D	0.04%	0.11%	0.04%
IRTC	D	0.09%	0.14%	0.09%
IRWD	F	0.18%	0.05%	0.05%
ITCI	B	0.02%	0.25%	0.02%
JACK	F	0.12%	0.05%	0.05%
JAMF	B	0.01%	0.05%	0.01%
JOE	B	0.25%	0.09%	0.09%
KAI	D	0.15%	0.08%	0.08%
KNSL	F	0.16%	0.46%	0.16%
KRG	B	0.16%	0.19%	0.16%
KW	C	0.09%	0.04%	0.04%
LAMR	B	0.35%	0.21%	0.21%
LANC	D	0.03%	0.16%	0.03%
LECO	D	0.07%	0.58%	0.07%
LFUS	B	0.06%	0.24%	0.06%
LITE	F	0.04%	0.06%	0.04%
LNTH	B	0.17%	0.17%	0.17%
LNW	C	0.19%	0.36%	0.19%
LRN	A	0.12%	0.05%	0.05%
LSCC	F	0.36%	0.43%	0.36%
LSTR	D	0.11%	0.27%	0.11%
LTH	C	0.02%	0.04%	0.02%
MANH	D	0.43%	0.61%	0.43%
MASI	D	0.08%	0.28%	0.08%
MC	D	0.0%	0.08%	0.0%
MEDP	C	0.52%	0.39%	0.39%
MGNI	D	0.02%	0.06%	0.02%
MIDD	D	0.1%	0.16%	0.1%
MMS	C	0.05%	0.2%	0.05%
MMSI	B	0.07%	0.16%	0.07%
MOD	A	0.22%	0.09%	0.09%
MODG	B	0.05%	0.09%	0.05%
MSTR	D	0.23%	0.91%	0.23%
MTSI	B	0.08%	0.22%	0.08%
NARI	D	0.06%	0.09%	0.06%
NDSN	C	0.23%	0.56%	0.23%
NGVT	B	0.01%	0.03%	0.01%
NOV	C	0.18%	0.31%	0.18%
NOVT	D	0.15%	0.25%	0.15%
NSP	B	0.18%	0.08%	0.08%
NTLA	F	0.02%	0.1%	0.02%
NTNX	C	0.56%	0.59%	0.56%
NTRA	A	0.33%	0.41%	0.33%
OII	B	0.11%	0.09%	0.09%
OLED	C	0.04%	0.3%	0.04%
ONTO	A	0.2%	0.35%	0.2%
OPCH	D	0.12%	0.23%	0.12%
OPEN	F	0.02%	0.07%	0.02%
OSCR	B	0.08%	0.09%	0.08%
PCTY	D	0.13%	0.29%	0.13%
PCVX	C	0.07%	0.26%	0.07%
PEGA	D	0.06%	0.11%	0.06%
PEN	F	0.06%	0.33%	0.06%
PGRE	B	0.14%	0.03%	0.03%
PI	A	0.21%	0.11%	0.11%
PLNT	D	0.07%	0.22%	0.07%
PNFP	C	0.07%	0.12%	0.07%
POWI	D	0.01%	0.16%	0.01%
PR	B	0.12%	0.18%	0.12%
PRO	F	0.03%	0.06%	0.03%
PSTG	C	0.34%	0.62%	0.34%
PTCT	B	0.02%	0.09%	0.02%
PYCR	F	0.02%	0.06%	0.02%
PZZA	F	0.07%	0.09%	0.07%
QLYS	D	0.17%	0.23%	0.17%
RAMP	D	0.02%	0.09%	0.02%
RGEN	D	0.12%	0.39%	0.12%
RGLD	B	0.13%	0.32%	0.13%
RGNX	F	0.05%	0.04%	0.04%
RH	D	0.03%	0.2%	0.03%
RHP	D	0.01%	0.26%	0.01%
RIG	F	0.15%	0.18%	0.15%
RLJ	D	0.03%	0.07%	0.03%
RMBS	F	0.28%	0.26%	0.26%
RPD	F	0.04%	0.11%	0.04%
RVMD	B	0.03%	0.2%	0.03%
RYAN	D	0.12%	0.21%	0.12%
SAIA	F	0.17%	0.62%	0.17%
SAM	F	0.02%	0.09%	0.02%
SANA	B	0.09%	0.05%	0.05%
SFBS	C	0.1%	0.06%	0.06%
SITE	F	0.06%	0.31%	0.06%
SIX	C	0.06%	0.07%	0.06%
SKY	D	0.14%	0.18%	0.14%
SLAB	D	0.04%	0.18%	0.04%
SM	B	0.09%	0.11%	0.09%
SMAR	D	0.2%	0.2%	0.2%
SOFI	F	0.04%	0.25%	0.04%
SONO	D	0.07%	0.09%	0.07%
SPSC	B	0.12%	0.27%	0.12%
SPT	F	0.29%	0.11%	0.11%
SQSP	B	0.14%	0.08%	0.08%
SRPT	B	0.26%	0.46%	0.26%
SSD	D	0.16%	0.35%	0.16%
SSTK	F	0.17%	0.05%	0.05%
STAA	B	0.06%	0.07%	0.06%
SWAV	A	0.23%	0.48%	0.23%
SWTX	D	0.02%	0.13%	0.02%
TDOC	F	0.16%	0.1%	0.1%
TENB	D	0.09%	0.23%	0.09%
TGTX	C	0.01%	0.08%	0.01%
TNC	D	0.02%	0.09%	0.02%
TNET	F	0.17%	0.15%	0.15%
TOST	C	0.09%	0.38%	0.09%
TPX	D	0.25%	0.37%	0.25%
TREX	D	0.34%	0.43%	0.34%
TRGP	B	0.42%	0.99%	0.42%
TTC	D	0.32%	0.38%	0.32%
TXRH	B	0.07%	0.41%	0.07%
UPWK	D	0.01%	0.06%	0.01%
VC	D	0.1%	0.13%	0.1%
VCYT	F	0.1%	0.07%	0.07%
VECO	B	0.09%	0.08%	0.08%
VIR	D	0.15%	0.04%	0.04%
VKTX	B	0.1%	0.16%	0.1%
VRNS	D	0.11%	0.19%	0.11%
W	C	0.1%	0.24%	0.1%
WEX	D	0.13%	0.4%	0.13%
WFRD	B	0.6%	0.33%	0.33%
WH	D	0.11%	0.25%	0.11%
WING	A	0.51%	0.43%	0.43%
WK	F	0.34%	0.16%	0.16%
WMS	C	0.15%	0.53%	0.15%
WSC	F	0.11%	0.33%	0.11%
WSO	B	0.3%	0.53%	0.3%
XNCR	B	0.25%	0.05%	0.05%
YELP	C	0.07%	0.1%	0.07%
YETI	F	0.09%	0.13%	0.09%
YOU	F	0.09%	0.08%	0.08%

SMLF Overweight 576 Positions Relative to VBK

Symbol	Grade	Weight
EME	A	0.82%
WSM	B	0.64%
EVR	C	0.58%
JBL	F	0.58%
FR	D	0.57%
BPOP	A	0.57%
NVT	A	0.56%
DKS	B	0.54%
ATKR	D	0.53%
RS	D	0.52%
IDA	B	0.48%
JEF	B	0.45%
COOP	A	0.42%
CSL	B	0.41%
ALSN	D	0.41%
AM	A	0.4%
ITT	B	0.39%
ORI	A	0.38%
HRB	C	0.37%
LPX	D	0.37%
SIG	D	0.35%
MLI	A	0.35%
APA	F	0.35%
BBWI	C	0.34%
IBKR	A	0.34%
DDS	B	0.34%
SFM	A	0.34%
EWBC	A	0.33%
VNO	F	0.33%
OVV	B	0.33%
BRX	C	0.33%
WIRE	B	0.33%
PIPR	A	0.32%
TTEK	A	0.32%
CHK	B	0.31%
COCO	B	0.31%
VGR	D	0.31%
ANF	C	0.31%
MUR	B	0.3%
AYI	C	0.29%
AGCO	D	0.29%
AR	A	0.28%
GPK	D	0.28%
IMKTA	F	0.28%
RNR	D	0.28%
AN	B	0.27%
UTHR	A	0.27%
CR	A	0.27%
RRX	D	0.27%
FLEX	C	0.27%
GES	B	0.27%
SPXC	A	0.26%
AGO	D	0.26%
TKR	B	0.26%
XP	D	0.26%
MAC	D	0.26%
FCNCA	B	0.25%
M	D	0.25%
ETRN	B	0.25%
THC	A	0.25%
GPI	B	0.24%
CFR	D	0.24%
TPR	D	0.24%
HSII	D	0.24%
R	A	0.24%
RRC	B	0.24%
JHG	A	0.24%
JBSS	D	0.24%
ARW	B	0.23%
UFPI	C	0.23%
TEX	C	0.23%
PRI	D	0.23%
SATS	B	0.23%
BCC	D	0.23%
BJ	B	0.22%
LBTYA	D	0.22%
NAVI	F	0.22%
AMG	D	0.22%
SLM	B	0.22%
CAVA	B	0.22%
ASO	D	0.21%
TPG	C	0.21%
AZPN	F	0.21%
CBSH	A	0.21%
XRAY	F	0.21%
SKT	C	0.2%
SANM	B	0.2%
WCC	B	0.2%
KFRC	F	0.2%
SN	A	0.2%
DCI	A	0.2%
SMG	C	0.2%
RPM	D	0.2%
OMF	B	0.2%
PVH	D	0.2%
DTM	A	0.2%
CMA	B	0.19%
CPRX	D	0.19%
PRGS	D	0.19%
VSTO	A	0.19%
ACM	C	0.19%
SCI	D	0.19%
ZION	B	0.19%
KBR	A	0.18%
AVNT	B	0.18%
BSY	A	0.18%
OC	A	0.18%
AGNC	C	0.18%
RHI	D	0.18%
HOG	D	0.18%
GLPI	D	0.18%
FHB	B	0.18%
PTEN	F	0.17%
MATX	B	0.17%
ACI	D	0.17%
WTM	B	0.17%
AA	A	0.17%
AX	B	0.17%
HIW	B	0.17%
ESAB	B	0.17%
EDR	A	0.17%
PRKS	F	0.17%
RNG	F	0.17%
ALLE	D	0.16%
USFD	C	0.16%
VOYA	B	0.16%
AIZ	D	0.16%
LIVN	B	0.16%
FAF	D	0.16%
AY	B	0.15%
CMC	C	0.15%
MATV	B	0.15%
TPH	A	0.15%
GEO	C	0.15%
ESI	D	0.15%
IGT	F	0.15%
TNL	D	0.15%
HI	D	0.15%
IVT	B	0.15%
DNOW	D	0.15%
SPB	C	0.15%
BRC	B	0.15%
WEN	B	0.15%
KIM	C	0.14%
GATX	C	0.14%
SRCE	B	0.14%
OLN	C	0.14%
GOLF	C	0.14%
GPS	D	0.14%
PRG	B	0.14%
SYNA	F	0.14%
HURN	F	0.14%
CC	C	0.14%
EXTR	F	0.14%
SF	A	0.14%
MTRN	F	0.14%
CGEM	B	0.14%
PDM	B	0.14%
ABG	C	0.14%
HUN	C	0.14%
VSH	C	0.14%
XPO	D	0.14%
BAND	B	0.13%
CNO	B	0.13%
MODN	B	0.13%
SR	B	0.13%
XRX	F	0.13%
NXT	D	0.13%
WOR	D	0.13%
OGS	B	0.13%
UPBD	D	0.13%
MAT	D	0.13%
WAL	B	0.13%
NFG	A	0.13%
BDN	B	0.13%
DFIN	B	0.13%
THO	D	0.13%
X	D	0.12%
AWR	C	0.12%
HTH	B	0.12%
KSS	F	0.12%
OGE	A	0.12%
UA	F	0.12%
CBT	B	0.12%
KLIC	D	0.12%
MMYT	B	0.12%
ALIT	C	0.12%
SON	C	0.12%
KRC	D	0.12%
VMI	B	0.11%
BC	D	0.11%
ODP	C	0.11%
ICFI	C	0.11%
ATEN	B	0.11%
BLMN	F	0.11%
WAFD	B	0.11%
WTS	C	0.11%
APG	D	0.11%
CXT	A	0.11%
AEL	A	0.11%
MCB	B	0.11%
BKE	D	0.11%
NNN	A	0.11%
NYT	B	0.11%
CAL	C	0.11%
AROC	B	0.11%
HOV	B	0.11%
ALX	B	0.11%
GME	B	0.11%
LILA	B	0.11%
BANF	B	0.11%
EGP	D	0.1%
SFL	A	0.1%
MKSI	D	0.1%
AIT	C	0.1%
ANAB	B	0.1%
SBGI	B	0.1%
IBOC	A	0.1%
FHI	D	0.1%
APOG	A	0.1%
COTY	F	0.1%
MRC	D	0.1%
HAS	B	0.1%
GFF	D	0.1%
ARCB	F	0.1%
UMBF	B	0.1%
BERY	D	0.1%
ASH	A	0.1%
CRC	D	0.1%
WNC	F	0.1%
FYBR	B	0.1%
CRUS	C	0.1%
MFA	D	0.1%
AGM	C	0.1%
PII	F	0.1%
IDT	A	0.1%
CARS	D	0.09%
GMS	C	0.09%
OZK	B	0.09%
LAZ	D	0.09%
ASB	A	0.09%
NJR	B	0.09%
VSTS	F	0.09%
TGNA	D	0.09%
MTG	C	0.09%
PBH	D	0.09%
SNEX	A	0.09%
ACLX	D	0.09%
MDGL	D	0.09%
IVZ	D	0.09%
CUBI	D	0.09%
OXM	B	0.09%
SITC	C	0.09%
CXW	C	0.09%
LUMN	F	0.09%
LYFT	D	0.09%
MERC	B	0.09%
LOVE	B	0.09%
PD	F	0.09%
ACHC	F	0.09%
NAPA	F	0.08%
AEO	B	0.08%
SLVM	A	0.08%
ASGN	D	0.08%
DLX	B	0.08%
NBR	F	0.08%
OTTR	B	0.08%
KN	B	0.08%
PLUS	C	0.08%
ALV	A	0.08%
FLO	B	0.08%
VAC	C	0.08%
DOMO	F	0.08%
ACA	A	0.08%
OHI	B	0.08%
HOUS	F	0.08%
SNDR	D	0.08%
KOS	D	0.08%
HEES	F	0.08%
BASE	D	0.08%
OMI	F	0.08%
NSIT	A	0.08%
HIBB	A	0.08%
INVA	B	0.08%
NXST	C	0.08%
MGRC	D	0.08%
UVE	B	0.07%
BCO	B	0.07%
STWD	D	0.07%
BDC	C	0.07%
PK	D	0.07%
HELE	F	0.07%
AIV	B	0.07%
GCO	F	0.07%
ONON	C	0.07%
HCC	B	0.07%
HWC	B	0.07%
LPG	B	0.07%
HASI	C	0.07%
TOL	B	0.07%
CENTA	D	0.07%
RYN	F	0.07%
AVDX	D	0.07%
FLR	C	0.07%
CUZ	B	0.07%
UVV	B	0.07%
EQC	B	0.07%
LXP	D	0.07%
JXN	A	0.07%
NRC	D	0.07%
CAR	D	0.07%
SAFE	C	0.07%
MPW	D	0.07%
TLRY	C	0.07%
TDC	F	0.07%
BCRX	D	0.07%
NTB	A	0.07%
YEXT	F	0.07%
POR	B	0.07%
WLY	B	0.06%
LGND	D	0.06%
NYCB	D	0.06%
PNM	C	0.06%
HLF	C	0.06%
STNE	C	0.06%
HE	F	0.06%
ESTA	B	0.06%
DIN	F	0.06%
VERA	C	0.06%
ADEA	C	0.06%
SVC	F	0.06%
THG	A	0.06%
DVAX	D	0.06%
MDU	A	0.06%
NVST	F	0.06%
ZIP	F	0.06%
AGS	D	0.06%
WGO	F	0.06%
STRL	B	0.06%
AMPH	F	0.06%
PFBC	A	0.06%
VNT	D	0.06%
UGI	C	0.06%
LADR	B	0.06%
TKO	B	0.06%
THR	A	0.06%
AAN	D	0.06%
ILPT	B	0.06%
AMPL	F	0.05%
EVRI	F	0.05%
DYN	D	0.05%
FCN	B	0.05%
TRN	A	0.05%
EHC	A	0.05%
ACCO	F	0.05%
UNIT	F	0.05%
CTBI	B	0.05%
FBP	A	0.05%
ACCD	F	0.05%
WD	B	0.05%
RUSHA	D	0.05%
GIII	D	0.05%
SNBR	F	0.05%
PCH	D	0.05%
SCS	C	0.05%
BECN	B	0.05%
RCUS	F	0.05%
IOSP	C	0.05%
MAN	B	0.05%
BKD	B	0.05%
KD	D	0.05%
CNDT	B	0.05%
MCY	B	0.05%
WTTR	B	0.05%
CERS	F	0.05%
ADT	B	0.05%
JOBY	C	0.05%
INSW	A	0.04%
ARCH	D	0.04%
NX	D	0.04%
SYM	C	0.04%
UNM	B	0.04%
BRY	C	0.04%
KREF	F	0.04%
HMST	D	0.04%
KNX	D	0.04%
BRSP	F	0.04%
NUS	F	0.04%
AMCX	D	0.04%
FHN	B	0.04%
CLVT	F	0.04%
PFSI	B	0.04%
PDCO	D	0.04%
OUT	D	0.04%
FFIN	C	0.04%
OPI	C	0.04%
HPP	F	0.04%
IVR	B	0.04%
CVBF	C	0.04%
HWKN	A	0.04%
LZ	D	0.04%
CNX	B	0.04%
MED	F	0.04%
SAH	B	0.04%
STAG	D	0.04%
NHI	A	0.04%
FNA	D	0.04%
ALG	D	0.04%
ENS	B	0.04%
CHRD	B	0.04%
UDMY	F	0.04%
WBS	D	0.04%
AGX	A	0.04%
PBF	D	0.04%
QDEL	D	0.04%
ITGR	D	0.04%
CVI	F	0.04%
VFC	F	0.03%
SLG	B	0.03%
EMBC	F	0.03%
PRGO	D	0.03%
ATHA	F	0.03%
NTCT	F	0.03%
GNW	B	0.03%
RDFN	D	0.03%
SUPN	D	0.03%
TDS	D	0.03%
DBI	F	0.03%
TMHC	C	0.03%
XPRO	B	0.03%
MTW	F	0.03%
NEXA	B	0.03%
TSE	F	0.03%
HNI	B	0.03%
FL	F	0.03%
OFIX	D	0.03%
MBLY	F	0.03%
PGEN	D	0.03%
VCEL	C	0.03%
CDP	B	0.03%
TWO	B	0.03%
CRSP	F	0.03%
GPRO	F	0.03%
BMBL	F	0.03%
NATL	B	0.03%
ANGI	C	0.03%
FFWM	F	0.03%
KLG	A	0.03%
VNDA	B	0.03%
USNA	F	0.03%
XHR	D	0.03%
RLI	A	0.03%
TTGT	F	0.03%
AVXL	F	0.03%
AGYS	B	0.03%
MDXG	D	0.03%
DAN	C	0.03%
SNDX	C	0.03%
TILE	C	0.03%
SNV	C	0.03%
EVTC	F	0.03%
RKT	B	0.03%
CFFN	D	0.03%
PLCE	F	0.02%
ETNB	F	0.02%
MITK	B	0.02%
DAWN	B	0.02%
OSIS	D	0.02%
STRO	C	0.02%
BOH	D	0.02%
CTRN	F	0.02%
TBBK	F	0.02%
BOKF	A	0.02%
SHO	D	0.02%
KFY	D	0.02%
CPRI	F	0.02%
AKRO	F	0.02%
WTFC	B	0.02%
KALU	A	0.02%
OFG	B	0.02%
SP	C	0.02%
RL	D	0.02%
SPRY	C	0.02%
WS	D	0.02%
PRDO	B	0.02%
MSM	F	0.02%
DH	F	0.02%
SCHL	F	0.02%
CASH	B	0.02%
DEI	B	0.02%
MSEX	C	0.02%
ALHC	B	0.02%
OI	F	0.02%
TROX	B	0.02%
TVTX	F	0.02%
AMSF	D	0.02%
VIRT	B	0.02%
EPR	C	0.02%
TPB	B	0.02%
AMBC	A	0.02%
AXTA	A	0.02%
ATRI	B	0.02%
MSA	C	0.02%
PRTA	F	0.02%
VIAV	F	0.02%
DNB	D	0.02%
TCBI	B	0.02%
GDOT	C	0.02%
NBTB	B	0.01%
ALLO	F	0.01%
WOOF	F	0.01%
HMN	A	0.01%
EGRX	F	0.01%
NVRO	F	0.01%
ADPT	D	0.01%
UNFI	F	0.01%
NFBK	F	0.01%
OIS	F	0.01%
BIGC	D	0.01%
HZO	F	0.01%
NUVL	D	0.01%
HTZ	F	0.01%
HCAT	F	0.01%
SSP	C	0.01%
MATW	D	0.01%
CAKE	D	0.01%
SWI	B	0.01%
ARR	C	0.01%
MBC	D	0.01%
VRE	C	0.01%
PEB	D	0.01%
DINO	F	0.01%
UTL	B	0.01%
AXS	A	0.01%
RDN	C	0.01%
BKU	B	0.01%
NWN	B	0.01%
KNF	B	0.01%
BKH	B	0.01%
GO	F	0.01%
FULT	A	0.01%
BSIG	D	0.01%
AGEN	D	0.01%
RXT	C	0.01%
STGW	B	0.01%
TR	F	0.01%
AIN	D	0.01%
EPC	B	0.01%
ROIV	B	0.01%
VAL	C	0.01%
ENR	C	0.01%
QRTEA	D	0.01%
FLWS	F	0.01%
WTI	F	0.01%
SSB	D	0.01%
ENVA	B	0.01%
SWIM	D	0.01%
GEF	D	0.01%
PARA	C	0.01%
HYFM	D	0.01%
SWX	A	0.01%
NMRA	F	0.01%
OMER	C	0.01%
TRMK	B	0.01%
HAIN	F	0.01%
CACI	A	0.01%
ERAS	C	0.01%
KRNY	F	0.01%
EIG	D	0.01%
VMEO	D	0.0%
PAYO	C	0.0%
FBNC	D	0.0%
CHCO	B	0.0%
BFH	B	0.0%
SEE	C	0.0%
EGBN	F	0.0%

SMLF Underweight 234 Positions Relative to VBK

Symbol	Grade	Weight
PTC	D	-0.85%
DKNG	D	-0.77%
LII	D	-0.62%
VRT	B	-0.59%
RBA	D	-0.55%
CRL	D	-0.55%
NBIX	B	-0.54%
DT	D	-0.52%
FND	D	-0.52%
EXAS	F	-0.5%
VST	B	-0.49%
HOOD	C	-0.48%
DOCU	B	-0.48%
TECH	C	-0.44%
QRVO	F	-0.44%
ELS	D	-0.43%
AOS	D	-0.43%
FTI	A	-0.41%
REXR	D	-0.41%
ERIE	C	-0.4%
WYNN	D	-0.39%
DAY	F	-0.39%
MTCH	F	-0.39%
GWRE	C	-0.38%
EXP	A	-0.37%
CZR	F	-0.36%
PATH	F	-0.35%
MTN	F	-0.34%
OWL	C	-0.34%
AFRM	C	-0.33%
ROKU	F	-0.33%
MKTX	F	-0.33%
GNTX	D	-0.33%
ETSY	F	-0.32%
EQT	B	-0.32%
SKX	B	-0.32%
LW	F	-0.31%
RBC	C	-0.31%
MORN	D	-0.31%
CIVI	B	-0.3%
PCOR	D	-0.3%
HST	D	-0.29%
CGNX	B	-0.29%
POOL	D	-0.29%
COLD	F	-0.28%
MTDR	D	-0.28%
H	D	-0.27%
FN	C	-0.27%
BFAM	C	-0.26%
TRNO	D	-0.25%
IBP	D	-0.25%
JKHY	D	-0.25%
GXO	D	-0.25%
PODD	C	-0.24%
DBX	F	-0.24%
UDR	B	-0.24%
AAON	C	-0.23%
S	D	-0.23%
AWI	D	-0.22%
ZI	D	-0.22%
FRPT	C	-0.22%
CWST	C	-0.22%
TWLO	B	-0.21%
TPL	B	-0.21%
DLB	C	-0.2%
MARA	C	-0.19%
DV	F	-0.19%
ALTR	C	-0.19%
APPF	B	-0.19%
CTLT	C	-0.19%
PAYC	F	-0.19%
OLLI	B	-0.19%
EPRT	A	-0.18%
MGY	B	-0.18%
HRI	D	-0.18%
NEU	D	-0.18%
COHR	D	-0.18%
WWD	A	-0.18%
FELE	D	-0.17%
ITRI	A	-0.17%
HLNE	B	-0.17%
TDW	B	-0.17%
GKOS	B	-0.17%
VRRM	A	-0.16%
LOPE	B	-0.16%
CHH	C	-0.15%
FOUR	F	-0.15%
FRSH	F	-0.15%
SHAK	B	-0.15%
MSGS	B	-0.14%
WDFC	D	-0.14%
WOLF	F	-0.14%
TXG	F	-0.14%
U	F	-0.14%
FORM	A	-0.14%
HGV	D	-0.14%
NOG	B	-0.14%
ACIW	A	-0.14%
IRT	B	-0.14%
RARE	F	-0.14%
WHD	B	-0.13%
JBT	F	-0.13%
LBRDK	F	-0.13%
ORA	C	-0.13%
CRDO	F	-0.12%
IIPR	B	-0.12%
NSA	D	-0.12%
MTZ	B	-0.12%
QTWO	A	-0.12%
LCII	F	-0.12%
HCP	B	-0.12%
SMPL	B	-0.12%
CERE	B	-0.12%
NEOG	F	-0.12%
DIOD	B	-0.12%
PGNY	F	-0.12%
LBRT	B	-0.12%
CWT	B	-0.11%
KTOS	B	-0.11%
COLM	B	-0.11%
RUN	D	-0.11%
KWR	D	-0.11%
TRIP	D	-0.11%
MQ	D	-0.11%
NFE	F	-0.11%
ENV	B	-0.11%
CCOI	F	-0.11%
CRVL	C	-0.1%
MWA	B	-0.1%
ARVN	D	-0.1%
NCNO	C	-0.1%
CWAN	D	-0.1%
POST	B	-0.1%
DORM	D	-0.1%
FTDR	B	-0.1%
LCID	F	-0.1%
CERT	D	-0.09%
PECO	D	-0.09%
FOXF	F	-0.09%
ROG	C	-0.09%
SGRY	D	-0.09%
RIOT	F	-0.09%
BE	C	-0.09%
TNDM	B	-0.09%
LGIH	F	-0.09%
BROS	D	-0.09%
CALM	D	-0.09%
ACVA	D	-0.09%
RCM	F	-0.08%
SHLS	F	-0.08%
CABO	F	-0.08%
AMBA	F	-0.08%
PRFT	C	-0.08%
ASTH	D	-0.08%
KYMR	C	-0.08%
PRVA	F	-0.08%
UPST	F	-0.08%
NEO	C	-0.08%
PLAY	D	-0.08%
QS	F	-0.08%
MP	C	-0.08%
PJT	C	-0.08%
AI	F	-0.08%
PLUG	F	-0.08%
JBI	D	-0.08%
PRCT	B	-0.08%
SGBX	D	-0.08%
RXRX	F	-0.07%
CRS	B	-0.07%
JJSF	C	-0.07%
SDGR	F	-0.07%
VERX	C	-0.07%
THRM	F	-0.07%
AGL	F	-0.07%
BRP	D	-0.07%
CBZ	C	-0.07%
PDFS	F	-0.07%
TWST	B	-0.07%
CXM	D	-0.06%
PTON	D	-0.06%
GSHD	F	-0.06%
EVBG	B	-0.06%
BOOT	B	-0.06%
NVCR	D	-0.06%
MRCY	C	-0.06%
SHOO	D	-0.06%
SHC	F	-0.06%
FSLY	F	-0.06%
SITM	C	-0.06%
DNA	F	-0.06%
APPN	F	-0.06%
INFN	C	-0.05%
ALGT	F	-0.05%
ROCK	D	-0.05%
ZUO	B	-0.05%
IPGP	D	-0.05%
PCRX	F	-0.05%
LNN	C	-0.05%
KNTK	A	-0.05%
SMTC	A	-0.04%
DRVN	F	-0.04%
RCKT	D	-0.04%
MRVI	B	-0.04%
LEVI	A	-0.04%
DFH	D	-0.04%
ALKT	A	-0.04%
AHCO	D	-0.04%
IAS	D	-0.04%
SAGE	F	-0.04%
STEP	A	-0.04%
PLMR	A	-0.04%
PUBM	B	-0.04%
RLAY	F	-0.04%
HRMY	C	-0.04%
ENVX	D	-0.04%
LESL	F	-0.04%
FIZZ	D	-0.04%
GSAT	F	-0.04%
UTZ	B	-0.04%
AESI	B	-0.04%
WRBY	D	-0.04%
HLX	B	-0.03%
CENX	B	-0.03%
AMRC	C	-0.03%
VZIO	D	-0.03%
PTLO	F	-0.03%
PCT	F	-0.03%
AGIO	B	-0.03%
SHEN	F	-0.03%
RVLV	C	-0.03%
VERV	F	-0.03%
LMND	C	-0.03%
TRUP	D	-0.03%
VICR	F	-0.03%