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

$71.68

Average Daily Volume

70,611

Number of Holdings ^*

810

* 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

$292.61

Average Daily Volume

253,745

Number of Holdings ^*

557

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	VBK
30 Days	7.55%	8.47%
60 Days	8.72%	9.98%
90 Days	9.84%	11.56%
12 Months	38.08%	36.30%

263 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in VBK	Overlap
ACAD	C	0.11%	0.07%	0.07%
ACLS	F	0.12%	0.11%	0.11%
AEIS	C	0.01%	0.16%	0.01%
AFRM	A	0.07%	0.38%	0.07%
ALGM	D	0.01%	0.1%	0.01%
ALHC	C	0.03%	0.05%	0.03%
ALKS	C	0.3%	0.16%	0.16%
ALRM	C	0.03%	0.09%	0.03%
ALX	D	0.1%	0.01%	0.01%
AMH	C	0.25%	0.42%	0.25%
AMR	C	0.14%	0.09%	0.09%
ANAB	F	0.04%	0.01%	0.01%
ANGI	F	0.04%	0.01%	0.01%
APLS	F	0.05%	0.11%	0.05%
APP	B	1.49%	0.72%	0.72%
APPF	B	0.06%	0.16%	0.06%
AR	B	0.21%	0.15%	0.15%
ARRY	F	0.04%	0.02%	0.02%
ARWR	D	0.04%	0.09%	0.04%
ASAN	B	0.05%	0.04%	0.04%
ATI	C	0.14%	0.25%	0.14%
ATRC	C	0.03%	0.06%	0.03%
AVAV	C	0.05%	0.23%	0.05%
AXON	A	0.66%	1.15%	0.66%
AXSM	B	0.22%	0.14%	0.14%
AZEK	A	0.06%	0.24%	0.06%
BBIO	F	0.03%	0.13%	0.03%
BCPC	B	0.04%	0.21%	0.04%
BCRX	D	0.11%	0.03%	0.03%
BEAM	D	0.05%	0.06%	0.05%
BIGC	B	0.01%	0.01%	0.01%
BILL	A	0.04%	0.22%	0.04%
BL	B	0.16%	0.12%	0.12%
BLD	D	0.21%	0.4%	0.21%
BLKB	B	0.13%	0.07%	0.07%
BMI	B	0.16%	0.22%	0.16%
BOX	B	0.08%	0.17%	0.08%
BPMC	B	0.13%	0.21%	0.13%
BRBR	A	0.06%	0.32%	0.06%
BRKR	D	0.14%	0.23%	0.14%
BRZE	C	0.13%	0.07%	0.07%
BWXT	B	0.13%	0.42%	0.13%
BYD	B	0.01%	0.08%	0.01%
CACC	D	0.08%	0.08%	0.08%
CALX	D	0.02%	0.07%	0.02%
CARG	B	0.11%	0.1%	0.1%
CASY	A	0.06%	0.55%	0.06%
CEIX	A	0.07%	0.05%	0.05%
CELH	F	0.04%	0.19%	0.04%
CHDN	B	0.1%	0.35%	0.1%
CHE	D	0.3%	0.31%	0.3%
CHWY	B	0.03%	0.12%	0.03%
CHX	C	0.11%	0.2%	0.11%
CIEN	C	0.03%	0.35%	0.03%
CLH	C	0.07%	0.43%	0.07%
CMPR	D	0.1%	0.02%	0.02%
CNM	D	0.36%	0.32%	0.32%
CNMD	C	0.07%	0.08%	0.07%
CNS	B	0.03%	0.1%	0.03%
COKE	C	0.22%	0.21%	0.21%
CORT	B	0.3%	0.17%	0.17%
COUR	F	0.09%	0.03%	0.03%
CRDO	B	0.1%	0.2%	0.1%
CROX	D	0.19%	0.23%	0.19%
CRS	B	0.09%	0.27%	0.09%
CSWI	B	0.08%	0.22%	0.08%
CUBE	C	0.11%	0.41%	0.11%
CVCO	A	0.16%	0.06%	0.06%
CVLT	B	0.08%	0.26%	0.08%
CVNA	B	0.46%	0.55%	0.46%
CW	C	0.23%	0.5%	0.23%
CYTK	F	0.11%	0.23%	0.11%
DECK	A	0.72%	0.93%	0.72%
DH	F	0.07%	0.01%	0.01%
DNLI	D	0.2%	0.11%	0.11%
DOCN	C	0.02%	0.08%	0.02%
DOCS	C	0.15%	0.17%	0.15%
DUOL	A	0.44%	0.39%	0.39%
DY	D	0.02%	0.09%	0.02%
EEFT	B	0.09%	0.16%	0.09%
ELF	C	0.2%	0.23%	0.2%
ENSG	C	0.14%	0.34%	0.14%
ENTG	D	0.23%	0.6%	0.23%
EPAC	C	0.07%	0.09%	0.07%
ESTC	C	0.26%	0.27%	0.26%
ETSY	D	0.2%	0.21%	0.2%
EVH	F	0.02%	0.1%	0.02%
EXEL	B	0.24%	0.34%	0.24%
EXLS	B	0.23%	0.24%	0.23%
EXPI	D	0.1%	0.04%	0.04%
EXPO	D	0.09%	0.18%	0.09%
EXTR	C	0.17%	0.04%	0.04%
FIVN	C	0.08%	0.08%	0.08%
FIX	A	0.44%	0.53%	0.44%
FLNC	D	0.07%	0.05%	0.05%
FLYW	B	0.04%	0.08%	0.04%
FN	C	0.06%	0.33%	0.06%
FOLD	F	0.05%	0.13%	0.05%
FROG	C	0.18%	0.1%	0.1%
FSS	B	0.02%	0.19%	0.02%
GGG	B	0.3%	0.52%	0.3%
GH	B	0.19%	0.1%	0.1%
GKOS	B	0.07%	0.26%	0.07%
GMED	A	0.03%	0.31%	0.03%
GNRC	C	0.15%	0.38%	0.15%
GTLB	B	0.39%	0.23%	0.23%
GWRE	A	0.01%	0.58%	0.01%
HAE	C	0.2%	0.14%	0.14%
HALO	F	0.24%	0.24%	0.24%
HIMS	B	0.1%	0.12%	0.1%
HLI	A	0.18%	0.35%	0.18%
HP	C	0.1%	0.06%	0.06%
HQY	A	0.01%	0.28%	0.01%
HSTM	B	0.04%	0.03%	0.03%
HXL	F	0.01%	0.18%	0.01%
IBP	D	0.04%	0.2%	0.04%
IDCC	B	0.09%	0.14%	0.09%
INSM	C	0.1%	0.44%	0.1%
INSP	D	0.12%	0.22%	0.12%
INTA	B	0.27%	0.09%	0.09%
IONS	F	0.14%	0.21%	0.14%
IOT	A	0.41%	0.36%	0.36%
IPAR	B	0.13%	0.08%	0.08%
IRTC	C	0.06%	0.09%	0.06%
IRWD	F	0.02%	0.02%	0.02%
ITCI	C	0.06%	0.32%	0.06%
ITRI	C	0.05%	0.19%	0.05%
JAMF	F	0.01%	0.05%	0.01%
JOE	F	0.19%	0.08%	0.08%
KAI	B	0.13%	0.07%	0.07%
KNSL	B	0.18%	0.36%	0.18%
KRG	B	0.17%	0.21%	0.17%
KW	C	0.1%	0.04%	0.04%
LAMR	C	0.33%	0.22%	0.22%
LANC	C	0.02%	0.13%	0.02%
LBRDA	C	0.4%	0.05%	0.05%
LECO	C	0.05%	0.41%	0.05%
LFUS	D	0.05%	0.23%	0.05%
LNTH	D	0.17%	0.29%	0.17%
LNW	F	0.17%	0.32%	0.17%
LRN	A	0.16%	0.07%	0.07%
LSCC	D	0.23%	0.26%	0.23%
LSTR	D	0.1%	0.24%	0.1%
LTH	C	0.03%	0.07%	0.03%
MANH	D	0.5%	0.61%	0.5%
MASI	B	0.08%	0.26%	0.08%
MC	C	0.0%	0.18%	0.0%
MEDP	D	0.38%	0.3%	0.3%
MGNI	B	0.03%	0.06%	0.03%
MMS	F	0.04%	0.2%	0.04%
MMSI	A	0.14%	0.21%	0.14%
MOD	A	0.25%	0.22%	0.22%
MSTR	B	0.73%	0.67%	0.67%
MTN	C	0.09%	0.24%	0.09%
MTSI	B	0.09%	0.25%	0.09%
NARI	C	0.07%	0.09%	0.07%
NDSN	B	0.18%	0.48%	0.18%
NOV	C	0.12%	0.23%	0.12%
NOVT	D	0.14%	0.23%	0.14%
NTLA	F	0.01%	0.05%	0.01%
NTNX	B	0.56%	0.59%	0.56%
NTRA	A	0.4%	0.54%	0.4%
OII	B	0.11%	0.09%	0.09%
OLED	F	0.03%	0.31%	0.03%
ONTO	F	0.15%	0.37%	0.15%
OPCH	D	0.08%	0.15%	0.08%
OPEN	F	0.02%	0.04%	0.02%
OSCR	D	0.08%	0.12%	0.08%
PATH	C	0.05%	0.2%	0.05%
PCOR	B	0.42%	0.26%	0.26%
PCTY	C	0.14%	0.29%	0.14%
PCVX	D	0.09%	0.47%	0.09%
PD	C	0.08%	0.06%	0.06%
PEB	D	0.01%	0.05%	0.01%
PEGA	B	0.08%	0.14%	0.08%
PEN	B	0.07%	0.32%	0.07%
PGRE	F	0.16%	0.03%	0.03%
PI	D	0.14%	0.17%	0.14%
PLNT	A	0.09%	0.25%	0.09%
PNFP	B	0.1%	0.15%	0.1%
POWI	F	0.01%	0.13%	0.01%
PR	B	0.02%	0.16%	0.02%
PRO	C	0.02%	0.03%	0.02%
PSTG	D	0.29%	0.59%	0.29%
PTCT	B	0.02%	0.12%	0.02%
PYCR	B	0.01%	0.05%	0.01%
QLYS	B	0.13%	0.16%	0.13%
QXO	D	0.03%	0.02%	0.02%
RAMP	B	0.02%	0.06%	0.02%
RCUS	F	0.04%	0.01%	0.01%
RDDT	A	0.2%	0.12%	0.12%
RDFN	D	0.03%	0.05%	0.03%
RGEN	D	0.08%	0.27%	0.08%
RGLD	C	0.14%	0.36%	0.14%
RGNX	D	0.03%	0.01%	0.01%
RHP	B	0.01%	0.23%	0.01%
RIG	D	0.07%	0.13%	0.07%
RLJ	C	0.02%	0.05%	0.02%
RMBS	B	0.24%	0.2%	0.2%
ROIV	C	0.01%	0.19%	0.01%
ROKU	D	0.04%	0.31%	0.04%
RPD	B	0.03%	0.1%	0.03%
RVMD	C	0.04%	0.31%	0.04%
RYAN	A	0.13%	0.24%	0.13%
S	B	0.06%	0.27%	0.06%
SAIA	B	0.12%	0.49%	0.12%
SANA	F	0.04%	0.02%	0.02%
SFBS	C	0.13%	0.08%	0.08%
SITE	F	0.05%	0.24%	0.05%
SKY	A	0.15%	0.17%	0.15%
SLAB	F	0.03%	0.13%	0.03%
SM	B	0.07%	0.09%	0.07%
SMAR	B	0.26%	0.28%	0.26%
SMTC	B	0.05%	0.13%	0.05%
SOFI	B	0.06%	0.41%	0.06%
SONO	C	0.05%	0.06%	0.05%
SPSC	D	0.11%	0.23%	0.11%
SPT	C	0.14%	0.05%	0.05%
SRPT	F	0.2%	0.43%	0.2%
SSD	F	0.14%	0.29%	0.14%
SSTK	F	0.11%	0.02%	0.02%
SWTX	C	0.01%	0.08%	0.01%
TDOC	C	0.18%	0.06%	0.06%
TENB	C	0.08%	0.17%	0.08%
TGTX	B	0.03%	0.13%	0.03%
TNC	D	0.06%	0.06%	0.06%
TNET	F	0.13%	0.1%	0.1%
TOST	B	0.21%	0.47%	0.21%
TPX	B	0.24%	0.3%	0.24%
TR	B	0.01%	0.02%	0.01%
TREX	C	0.24%	0.29%	0.24%
TTC	C	0.14%	0.32%	0.14%
TXRH	B	0.07%	0.48%	0.07%
UDMY	D	0.03%	0.03%	0.03%
UPWK	B	0.01%	0.06%	0.01%
VAL	F	0.01%	0.12%	0.01%
VC	F	0.08%	0.05%	0.05%
VCYT	B	0.18%	0.1%	0.1%
VECO	F	0.1%	0.06%	0.06%
VIR	D	0.08%	0.03%	0.03%
VKTX	F	0.06%	0.29%	0.06%
VMEO	B	0.13%	0.01%	0.01%
VRNS	D	0.1%	0.2%	0.1%
W	D	0.15%	0.15%	0.15%
WEX	D	0.09%	0.27%	0.09%
WFRD	D	0.35%	0.22%	0.22%
WH	B	0.12%	0.26%	0.12%
WING	D	0.36%	0.32%	0.32%
WK	B	0.34%	0.15%	0.15%
WMS	F	0.1%	0.44%	0.1%
WSC	F	0.09%	0.23%	0.09%
WSO	A	0.31%	0.62%	0.31%
WYNN	C	0.07%	0.34%	0.07%
XHR	B	0.03%	0.03%	0.03%
XNCR	B	0.15%	0.05%	0.05%
XPO	B	0.17%	0.27%	0.17%
XPRO	D	0.01%	0.05%	0.01%
YELP	C	0.06%	0.08%	0.06%
YETI	D	0.08%	0.11%	0.08%
YEXT	B	0.14%	0.03%	0.03%
YOU	D	0.23%	0.13%	0.13%
ZIP	D	0.05%	0.01%	0.01%
ZUO	B	0.01%	0.05%	0.01%

SMLF Overweight 547 Positions Relative to VBK

Symbol	Grade	Weight
EME	A	0.94%
EVR	B	0.81%
SFM	A	0.6%
ALSN	B	0.56%
JBL	C	0.55%
BPOP	C	0.53%
SLG	B	0.49%
MLI	B	0.49%
RS	B	0.49%
NVT	B	0.49%
IDA	A	0.46%
IBKR	A	0.45%
COCO	A	0.43%
WSM	C	0.42%
CSL	C	0.41%
COOP	B	0.41%
LPX	B	0.41%
VNO	C	0.41%
ORI	A	0.41%
JEF	A	0.4%
HRB	D	0.4%
EWBC	A	0.39%
POWL	C	0.38%
UTHR	C	0.38%
DKS	D	0.38%
BRX	A	0.37%
AM	A	0.37%
CR	A	0.35%
AYI	B	0.35%
PIPR	A	0.34%
CAVA	B	0.34%
JHG	B	0.31%
HSII	B	0.31%
ITT	A	0.31%
FLEX	B	0.31%
FR	D	0.31%
SOLV	D	0.31%
MAC	B	0.31%
DDS	B	0.31%
THC	D	0.31%
TPR	B	0.3%
SPXC	A	0.3%
ANF	F	0.3%
EXE	A	0.29%
TTEK	F	0.29%
STRL	A	0.29%
PRI	B	0.28%
R	B	0.28%
AGO	B	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SIG	B	0.26%
GPK	C	0.26%
OVV	B	0.25%
HURN	C	0.25%
CFR	B	0.25%
CPRX	C	0.24%
CBSH	B	0.24%
AN	C	0.24%
SKT	A	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
GAP	C	0.23%
AMG	B	0.23%
UFPI	C	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	B	0.22%
APA	D	0.22%
RPM	A	0.22%
WS	C	0.22%
MATX	C	0.21%
RNR	C	0.21%
AZPN	A	0.21%
LIVN	F	0.2%
XRAY	F	0.2%
ATKR	D	0.2%
RRX	B	0.2%
AGCO	D	0.2%
DTM	A	0.2%
BBWI	C	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	F	0.19%
M	F	0.19%
RNG	C	0.19%
SMG	C	0.19%
NAVI	F	0.19%
ACM	B	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
PRGS	A	0.18%
XRX	F	0.18%
ARW	D	0.18%
ESAB	C	0.18%
USFD	A	0.18%
HIW	C	0.18%
OC	A	0.18%
GLPI	C	0.18%
DCI	B	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
ACLX	C	0.17%
TKR	D	0.17%
BRC	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
RHI	C	0.17%
AIZ	A	0.17%
PRKS	B	0.17%
JBSS	F	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	C	0.16%
BJ	A	0.16%
WTM	A	0.16%
SLM	A	0.16%
TOL	B	0.16%
GME	C	0.16%
TNL	A	0.16%
CNO	B	0.16%
AGNC	C	0.16%
FAF	A	0.16%
OMF	A	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	F	0.15%
SBGI	B	0.15%
HOG	D	0.15%
ONON	A	0.15%
GES	F	0.15%
RL	C	0.15%
VMI	B	0.15%
FTAI	A	0.15%
SPB	C	0.15%
ABG	C	0.15%
CWEN	C	0.15%
ESI	B	0.15%
UMBF	B	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
CMC	B	0.14%
NJR	A	0.14%
UA	C	0.14%
SCI	B	0.14%
AY	A	0.14%
TPH	D	0.14%
THO	B	0.13%
NFG	A	0.13%
ACCO	C	0.13%
OGS	A	0.13%
GOLF	B	0.13%
BDN	C	0.13%
FYBR	C	0.13%
NUVL	C	0.13%
AA	A	0.13%
SR	A	0.12%
MAT	D	0.12%
AROC	A	0.12%
AWR	B	0.12%
KBR	F	0.12%
GEO	B	0.12%
BASE	B	0.12%
SATS	D	0.12%
NYT	D	0.12%
OGE	A	0.12%
GFF	A	0.12%
BKE	B	0.12%
KRC	B	0.12%
WEN	D	0.12%
AIT	B	0.12%
CBT	D	0.12%
BSY	F	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	B	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	B	0.11%
PARA	C	0.11%
PTEN	C	0.11%
DFIN	D	0.11%
LOVE	A	0.11%
MFA	D	0.11%
HTH	C	0.11%
CRUS	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%
NSP	F	0.11%
MTRN	C	0.1%
ASB	B	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
IVZ	B	0.1%
UGI	C	0.1%
CRC	A	0.1%
NNN	C	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
X	B	0.1%
LYFT	C	0.1%
AGM	B	0.1%
WAL	B	0.1%
KLIC	B	0.1%
BERY	C	0.1%
VSH	F	0.09%
CXT	C	0.09%
PHIN	A	0.09%
JACK	C	0.09%
MRC	B	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%
CAR	C	0.09%
VERA	C	0.09%
LZ	C	0.09%
FLG	D	0.09%
EGP	D	0.09%
BC	C	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
TMHC	C	0.09%
OHI	C	0.09%
INVA	D	0.09%
MTG	C	0.09%
UPBD	B	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
CUBI	B	0.09%
SON	F	0.09%
LILA	D	0.08%
HWC	B	0.08%
FLR	B	0.08%
OZK	B	0.08%
CAL	F	0.08%
ELAN	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
FHB	B	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
DLX	B	0.08%
VFC	C	0.08%
NSSC	D	0.08%
AGX	B	0.08%
CUZ	B	0.08%
KSS	F	0.08%
CARS	C	0.08%
MIDD	C	0.08%
BDC	C	0.08%
ALV	C	0.08%
UNIT	B	0.07%
EQC	B	0.07%
HASI	D	0.07%
AMRX	C	0.07%
EYPT	D	0.07%
MATV	D	0.07%
VAC	C	0.07%
AMPH	F	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	B	0.07%
WLY	B	0.07%
NBR	C	0.07%
NTB	B	0.07%
DOMO	B	0.07%
GCO	C	0.07%
ASH	F	0.07%
KNF	B	0.07%
PLUS	F	0.07%
SNEX	B	0.07%
NXST	C	0.07%
WNC	C	0.07%
NVST	B	0.06%
CC	C	0.06%
AVXL	B	0.06%
OXM	F	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	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%
STWD	C	0.06%
MCY	A	0.06%
CTBI	B	0.06%
MPW	F	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
FLO	D	0.06%
RDN	D	0.06%
WTTR	A	0.06%
RYN	D	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%
KD	B	0.06%
MED	D	0.06%
ITGR	B	0.05%
SNV	C	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	A	0.05%
PZZA	F	0.05%
LBTYK	A	0.05%
EHC	B	0.05%
TILE	B	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%
VNT	C	0.05%
THR	B	0.05%
WBS	A	0.05%
WBA	F	0.05%
PK	C	0.05%
MDXG	B	0.05%
WGO	C	0.05%
CENTA	C	0.05%
FCN	F	0.04%
MAN	F	0.04%
HPP	F	0.04%
STAG	D	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%
PRGO	C	0.04%
LPG	F	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	F	0.04%
TPB	B	0.04%
SAH	C	0.04%
NATL	B	0.04%
HELE	C	0.04%
KLG	B	0.04%
AGYS	A	0.04%
CFFN	C	0.04%
OMI	F	0.04%
HLF	C	0.04%
NHI	D	0.04%
ACHC	F	0.04%
FHN	A	0.04%
TDS	B	0.04%
IOSP	C	0.04%
JANX	C	0.03%
SWIM	C	0.03%
AXTA	B	0.03%
VIAV	C	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
CHRD	D	0.03%
SUPN	C	0.03%
FL	F	0.03%
VNDA	C	0.03%
EVTC	B	0.03%
VCEL	B	0.03%
NX	C	0.03%
EMBC	C	0.03%
DNB	B	0.03%
OFIX	C	0.03%
VIRT	A	0.03%
QDEL	F	0.03%
REVG	C	0.03%
SNBR	F	0.03%
RYI	C	0.03%
IESC	C	0.03%
ARCH	B	0.03%
BRSP	C	0.03%
CDP	C	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%
SPRY	C	0.03%
RLI	A	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%
SSB	B	0.02%
CACI	D	0.02%
SLVM	B	0.02%
OSIS	A	0.02%
MSM	C	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%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KFY	B	0.02%
MSA	F	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	C	0.02%
DAN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	C	0.02%
NUS	D	0.02%
EPR	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
WTFC	A	0.02%
MTW	C	0.02%
DBI	F	0.02%
LMAT	A	0.02%
CLVT	D	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%
SNDX	F	0.02%
WD	D	0.02%
AKRO	B	0.02%
GIII	D	0.02%
USNA	C	0.02%
ARCB	C	0.02%
PDCO	F	0.02%
CWK	C	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PCH	F	0.01%
EPC	F	0.01%
SFIX	B	0.01%
FLWS	D	0.01%
TDC	D	0.01%
MBC	F	0.01%
MLAB	F	0.01%
GO	C	0.01%
JOBY	B	0.01%
UTL	B	0.01%
WTI	F	0.01%
NWN	A	0.01%
BKH	A	0.01%
CRAI	C	0.01%
SWI	C	0.01%
MITK	C	0.01%
VRE	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%
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%
GEF	A	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
HAIN	D	0.01%
KALU	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
NFBK	C	0.01%
SHO	D	0.01%
MAGN	D	0.0%
BFH	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%
UNM	A	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 294 Positions Relative to VBK

Symbol	Grade	Weight
PTC	B	-0.8%
LII	A	-0.73%
TRGP	A	-0.69%
HOOD	B	-0.65%
DKNG	B	-0.62%
RBA	A	-0.59%
DT	D	-0.58%
DOCU	B	-0.54%
JKHY	D	-0.5%
EXAS	D	-0.48%
HST	C	-0.46%
NBIX	C	-0.46%
ELS	C	-0.45%
OWL	A	-0.44%
TWLO	A	-0.44%
TECH	F	-0.44%
TPL	A	-0.43%
ERIE	D	-0.43%
LW	C	-0.42%
PAYC	B	-0.41%
EQT	B	-0.41%
FTI	A	-0.41%
FND	D	-0.4%
DAY	B	-0.4%
MKTX	D	-0.39%
CTLT	C	-0.38%
WWD	C	-0.37%
LBRDK	C	-0.36%
EXP	B	-0.36%
MORN	B	-0.35%
CRL	D	-0.35%
MTCH	D	-0.35%
AOS	F	-0.34%
REXR	F	-0.33%
PODD	C	-0.31%
SKX	D	-0.31%
RBC	A	-0.31%
CZR	F	-0.31%
TKO	A	-0.3%
BFAM	D	-0.29%
COLD	D	-0.28%
AAON	B	-0.28%
COHR	B	-0.27%
GXO	B	-0.27%
CGNX	D	-0.26%
UDR	B	-0.26%
GNTX	C	-0.26%
POOL	C	-0.25%
H	B	-0.24%
DAR	C	-0.24%
FRPT	A	-0.24%
HRI	C	-0.23%
CWST	A	-0.23%
CTRE	C	-0.23%
INCY	C	-0.23%
AWI	A	-0.23%
TRNO	F	-0.22%
DBX	B	-0.22%
MTDR	B	-0.22%
ALTR	B	-0.22%
FOUR	A	-0.22%
EPRT	B	-0.21%
CFLT	B	-0.21%
NCLH	B	-0.21%
U	C	-0.21%
OLLI	D	-0.21%
ACIW	B	-0.2%
GTLS	A	-0.2%
HCP	B	-0.19%
FIVE	F	-0.19%
ZETA	D	-0.19%
SHAK	C	-0.18%
MARA	B	-0.18%
RH	C	-0.18%
HLNE	B	-0.18%
CIVI	D	-0.18%
QTWO	A	-0.18%
DLB	B	-0.17%
IRT	A	-0.17%
PRCT	B	-0.17%
KRYS	C	-0.17%
RARE	F	-0.17%
MGY	A	-0.17%
ORA	B	-0.17%
MSGS	A	-0.16%
LITE	B	-0.16%
CWAN	B	-0.16%
RIVN	F	-0.16%
RDNT	B	-0.16%
MTZ	B	-0.15%
WHD	B	-0.15%
RKLB	A	-0.15%
LOPE	C	-0.15%
VRRM	F	-0.15%
BROS	A	-0.14%
AXNX	A	-0.14%
CHH	A	-0.14%
IIPR	D	-0.14%
UPST	B	-0.14%
FELE	B	-0.14%
SPR	D	-0.14%
NEU	D	-0.14%
BOOT	C	-0.14%
FTDR	B	-0.14%
SGBX	F	-0.13%
MWA	B	-0.13%
ZI	D	-0.13%
NOG	B	-0.13%
CALM	A	-0.13%
CCOI	B	-0.13%
JBT	B	-0.13%
WDFC	B	-0.13%
SMPL	B	-0.12%
CWT	C	-0.12%
RUN	F	-0.12%
ENV	B	-0.12%
IRDM	D	-0.12%
SITM	B	-0.12%
NCNO	C	-0.12%
KTOS	B	-0.12%
CBZ	B	-0.12%
NEOG	F	-0.11%
CRVL	B	-0.11%
TDW	F	-0.11%
NSA	C	-0.11%
PTON	A	-0.11%
FORM	D	-0.11%
DORM	B	-0.11%
PJT	A	-0.11%
RIOT	C	-0.1%
SAM	C	-0.1%
AGIO	C	-0.1%
MQ	D	-0.1%
LBRT	D	-0.1%
POST	C	-0.1%
DIOD	D	-0.1%
TMDX	F	-0.1%
LCID	F	-0.1%
HGV	C	-0.1%
TWST	F	-0.09%
ASTH	F	-0.09%
HHH	B	-0.09%
PECO	A	-0.09%
PAYO	A	-0.09%
DV	C	-0.09%
ACVA	B	-0.09%
GSHD	A	-0.09%
CRNX	C	-0.09%
SHC	F	-0.09%
VERX	A	-0.09%
FRSH	B	-0.09%
AI	B	-0.08%
LGIH	F	-0.08%
TNDM	D	-0.08%
MP	C	-0.08%
RCM	A	-0.08%
AMBA	B	-0.08%
SGRY	F	-0.08%
KYMR	D	-0.08%
PLUG	F	-0.07%
TRUP	B	-0.07%
STEP	C	-0.07%
NEO	C	-0.07%
QS	F	-0.07%
ALKT	B	-0.07%
PCT	C	-0.07%
ROG	D	-0.07%
BE	B	-0.07%
KNTK	A	-0.07%
JJSF	C	-0.07%
RXO	D	-0.07%
PRVA	C	-0.07%
WRBY	A	-0.06%
NVAX	F	-0.06%
FOXF	F	-0.06%
SHOO	F	-0.06%
RXRX	F	-0.06%
AMC	C	-0.06%
WOLF	F	-0.06%
TRIP	F	-0.06%
TXG	F	-0.06%
CNK	C	-0.06%
ARVN	F	-0.06%
MRCY	C	-0.06%
NVCR	C	-0.06%
CERT	F	-0.05%
LMND	B	-0.05%
HRMY	D	-0.05%
COLM	C	-0.05%
LNN	B	-0.05%
RRR	F	-0.05%
THRM	F	-0.05%
LCII	C	-0.05%
APPN	B	-0.05%
INFN	D	-0.05%
ENVX	F	-0.05%
STAA	F	-0.05%
SHLS	F	-0.04%
RVLV	A	-0.04%
MYGN	F	-0.04%
AHCO	F	-0.04%
TFIN	B	-0.04%
AMRC	F	-0.04%
ALGT	B	-0.04%
JBI	F	-0.04%
KWR	C	-0.04%
ROCK	C	-0.04%
NFE	D	-0.04%
FIZZ	C	-0.04%
SDGR	C	-0.04%
VICR	C	-0.04%
PLMR	A	-0.04%
UTZ	D	-0.04%
IAS	C	-0.04%
PGNY	F	-0.04%
PLAY	D	-0.04%
SABR	C	-0.04%
AESI	B	-0.04%
HLX	B	-0.03%
MODG	F	-0.03%
LOB	C	-0.03%
NOVA	F	-0.03%
SHEN	F	-0.03%
PTLO	F	-0.03%
DFH	D	-0.03%
TFSL	A	-0.03%
MCW	C	-0.03%
RSI	A	-0.03%
AGL	F	-0.03%
GSAT	C	-0.03%
LEVI	F	-0.03%
FIGS	F	-0.03%
CXM	C	-0.03%
VZIO	A	-0.03%
JBLU	F	-0.03%
CRK	B	-0.03%
DRVN	B	-0.03%
XMTR	B	-0.03%
RLAY	F	-0.03%
MRVI	F	-0.03%
CENX	B	-0.03%
FSLY	D	-0.03%
BJRI	C	-0.02%
ARHS	F	-0.02%
PAY	A	-0.02%
CLB	B	-0.02%
GDRX	F	-0.02%
DJT	C	-0.02%
CHPT	F	-0.02%
MXL	C	-0.02%
PHR	F	-0.02%
PX	A	-0.02%
INST	B	-0.02%
IBTA	C	-0.02%
CTKB	C	-0.02%
OLO	A	-0.02%
ULCC	D	-0.02%
RES	D	-0.02%
CDNA	D	-0.02%
MAX	F	-0.02%
LPRO	B	-0.02%
RCKT	F	-0.02%
CWH	B	-0.02%
MLNK	C	-0.02%
UWMC	D	-0.02%
PUBM	C	-0.02%
NRDS	C	-0.02%
IBUY	B	-0.02%
LFST	B	-0.02%
SEMR	C	-0.02%
LAZR	D	-0.01%
SAGE	F	-0.01%
GOGO	C	-0.01%
OPK	C	-0.01%
TWKS	B	-0.01%
PL	B	-0.01%
BOWL	C	-0.01%
HPK	B	-0.01%
ENFN	B	-0.01%
CRSR	C	-0.01%
TGI	B	-0.01%
LASR	D	-0.01%
HGTY	B	-0.01%
ADPT	C	-0.01%
SNCY	C	-0.01%
GRC	A	-0.01%
NABL	F	-0.01%
VBK	A	-0.0%
SCWX	C	-0.0%
ZNTL	F	-0.0%
TASK	C	-0.0%
LESL	D	-0.0%
PRME	F	-0.0%
INNV	F	-0.0%