SMLF vs. VHT ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Vanguard Health Care ETF (VHT)

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

$73.06

Average Daily Volume

71,849

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

VHT

Vanguard Health Care ETF

VHT Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Health Care 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the health care sector, as classified under the Global Industry Classification Standard (GICS). 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$265.83

Average Daily Volume

184,631

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	VHT
30 Days	10.53%	-3.60%
60 Days	10.49%	-6.04%
90 Days	11.95%	-6.47%
12 Months	40.74%	13.39%

116 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in VHT	Overlap
ACAD	D	0.11%	0.03%	0.03%
ACCD	D	0.03%	0.0%	0.0%
ACHC	F	0.04%	0.06%	0.04%
ACLX	C	0.17%	0.04%	0.04%
ADMA	B	0.06%	0.06%	0.06%
AKRO	B	0.02%	0.02%	0.02%
ALHC	C	0.03%	0.02%	0.02%
ALKS	B	0.3%	0.07%	0.07%
AMN	F	0.03%	0.02%	0.02%
AMPH	D	0.07%	0.03%	0.03%
AMRX	C	0.07%	0.02%	0.02%
ANAB	F	0.04%	0.0%	0.0%
APLS	D	0.05%	0.03%	0.03%
ARCT	F	0.02%	0.01%	0.01%
ARWR	F	0.04%	0.03%	0.03%
ATRC	C	0.03%	0.03%	0.03%
AVXL	B	0.06%	0.01%	0.01%
AXSM	B	0.22%	0.04%	0.04%
BBIO	F	0.03%	0.04%	0.03%
BCRX	D	0.11%	0.02%	0.02%
BEAM	D	0.05%	0.02%	0.02%
BKD	D	0.03%	0.02%	0.02%
BPMC	C	0.13%	0.08%	0.08%
BRKR	D	0.14%	0.1%	0.1%
CERS	C	0.05%	0.0%	0.0%
CGEM	F	0.03%	0.01%	0.01%
CHE	D	0.3%	0.13%	0.13%
CNMD	C	0.07%	0.03%	0.03%
CORT	B	0.3%	0.07%	0.07%
CPRX	C	0.24%	0.04%	0.04%
CRSP	D	0.02%	0.06%	0.02%
CYTK	F	0.11%	0.09%	0.09%
DAWN	F	0.04%	0.01%	0.01%
DH	D	0.07%	0.0%	0.0%
DNLI	D	0.2%	0.05%	0.05%
DOCS	C	0.15%	0.07%	0.07%
DVAX	C	0.09%	0.02%	0.02%
DYN	F	0.02%	0.03%	0.02%
EHC	B	0.05%	0.16%	0.05%
ELAN	D	0.08%	0.1%	0.08%
EMBC	C	0.03%	0.01%	0.01%
ENSG	D	0.14%	0.14%	0.14%
ERAS	C	0.02%	0.01%	0.01%
EVH	F	0.02%	0.04%	0.02%
EXEL	B	0.24%	0.14%	0.14%
EYPT	F	0.07%	0.01%	0.01%
FOLD	F	0.05%	0.04%	0.04%
GH	B	0.19%	0.04%	0.04%
GKOS	B	0.07%	0.11%	0.07%
GMED	A	0.03%	0.1%	0.03%
HAE	C	0.2%	0.06%	0.06%
HALO	F	0.24%	0.1%	0.1%
HCAT	D	0.01%	0.01%	0.01%
HIMS	B	0.1%	0.04%	0.04%
HQY	B	0.01%	0.12%	0.01%
HSTM	B	0.04%	0.01%	0.01%
INSM	C	0.1%	0.17%	0.1%
INSP	D	0.12%	0.09%	0.09%
INVA	D	0.09%	0.02%	0.02%
IONS	F	0.14%	0.08%	0.08%
IRTC	D	0.06%	0.04%	0.04%
IRWD	F	0.02%	0.01%	0.01%
ITCI	C	0.06%	0.13%	0.06%
ITGR	B	0.05%	0.07%	0.05%
JANX	C	0.03%	0.02%	0.02%
LGND	B	0.09%	0.03%	0.03%
LIVN	F	0.2%	0.05%	0.05%
LMAT	A	0.02%	0.03%	0.02%
LNTH	D	0.17%	0.12%	0.12%
MASI	A	0.08%	0.1%	0.08%
MDGL	B	0.11%	0.05%	0.05%
MDXG	B	0.05%	0.01%	0.01%
MEDP	D	0.38%	0.13%	0.13%
MLAB	D	0.01%	0.01%	0.01%
MMSI	B	0.14%	0.09%	0.09%
NARI	C	0.07%	0.04%	0.04%
NTLA	F	0.01%	0.02%	0.01%
NTRA	B	0.4%	0.23%	0.23%
NUVL	D	0.13%	0.04%	0.04%
NVST	B	0.06%	0.06%	0.06%
OFIX	B	0.03%	0.01%	0.01%
OMI	F	0.04%	0.01%	0.01%
OPCH	D	0.08%	0.06%	0.06%
OSUR	F	0.01%	0.01%	0.01%
PBH	A	0.09%	0.06%	0.06%
PCVX	D	0.09%	0.16%	0.09%
PDCO	D	0.02%	0.03%	0.02%
PEN	B	0.07%	0.14%	0.07%
PRGO	B	0.04%	0.06%	0.04%
PTCT	B	0.02%	0.04%	0.02%
RCUS	F	0.04%	0.01%	0.01%
RGEN	D	0.08%	0.11%	0.08%
RGNX	F	0.03%	0.01%	0.01%
ROIV	C	0.01%	0.07%	0.01%
RVMD	C	0.04%	0.1%	0.04%
SANA	F	0.04%	0.01%	0.01%
SNDX	F	0.02%	0.02%	0.02%
SOLV	C	0.31%	0.17%	0.17%
SPRY	D	0.03%	0.01%	0.01%
SRPT	D	0.2%	0.13%	0.13%
SUPN	C	0.03%	0.03%	0.03%
SWTX	C	0.01%	0.03%	0.01%
TARS	B	0.05%	0.02%	0.02%
TDOC	C	0.18%	0.02%	0.02%
TGTX	B	0.03%	0.06%	0.03%
THC	D	0.31%	0.24%	0.24%
TLRY	F	0.02%	0.02%	0.02%
UTHR	C	0.38%	0.25%	0.25%
VCEL	B	0.03%	0.03%	0.03%
VCYT	B	0.18%	0.04%	0.04%
VERA	B	0.09%	0.03%	0.03%
VIR	D	0.08%	0.01%	0.01%
VKTX	F	0.06%	0.12%	0.06%
VNDA	C	0.03%	0.0%	0.0%
XNCR	B	0.15%	0.02%	0.02%
XRAY	F	0.2%	0.08%	0.08%

SMLF Overweight 694 Positions Relative to VHT

Symbol	Grade	Weight
APP	B	1.49%
EME	C	0.94%
EVR	B	0.81%
MSTR	C	0.73%
DECK	A	0.72%
AXON	A	0.66%
SFM	A	0.6%
ALSN	B	0.56%
NTNX	A	0.56%
JBL	B	0.55%
BPOP	B	0.53%
MANH	D	0.5%
SLG	B	0.49%
MLI	C	0.49%
RS	B	0.49%
NVT	B	0.49%
CVNA	B	0.46%
IDA	A	0.46%
IBKR	A	0.45%
FIX	A	0.44%
DUOL	A	0.44%
COCO	B	0.43%
WSM	B	0.42%
PCOR	B	0.42%
CSL	C	0.41%
COOP	B	0.41%
LPX	B	0.41%
IOT	A	0.41%
VNO	B	0.41%
ORI	A	0.41%
JEF	A	0.4%
HRB	D	0.4%
LBRDA	C	0.4%
GTLB	B	0.39%
EWBC	A	0.39%
POWL	C	0.38%
DKS	C	0.38%
BRX	A	0.37%
AM	A	0.37%
WING	D	0.36%
CNM	D	0.36%
WFRD	D	0.35%
CR	A	0.35%
AYI	B	0.35%
PIPR	B	0.34%
CAVA	B	0.34%
WK	B	0.34%
LAMR	D	0.33%
JHG	A	0.31%
HSII	B	0.31%
WSO	A	0.31%
ITT	A	0.31%
FLEX	A	0.31%
FR	C	0.31%
MAC	B	0.31%
DDS	B	0.31%
TPR	B	0.3%
SPXC	A	0.3%
ANF	C	0.3%
GGG	B	0.3%
EXE	B	0.29%
TTEK	F	0.29%
STRL	B	0.29%
PSTG	D	0.29%
PRI	A	0.28%
R	B	0.28%
AGO	B	0.27%
INTA	A	0.27%
SN	D	0.27%
FCNCA	A	0.27%
SMAR	A	0.26%
ESTC	C	0.26%
SIG	B	0.26%
GPK	C	0.26%
AMH	D	0.25%
OVV	B	0.25%
MOD	A	0.25%
HURN	B	0.25%
CFR	B	0.25%
TPX	B	0.24%
CBSH	A	0.24%
TREX	C	0.24%
RMBS	C	0.24%
AN	C	0.24%
SKT	B	0.24%
IMKTA	C	0.24%
ZION	B	0.24%
CW	B	0.23%
ENTG	D	0.23%
GAP	C	0.23%
LSCC	D	0.23%
AMG	B	0.23%
YOU	D	0.23%
UFPI	B	0.23%
EXLS	B	0.23%
BCC	B	0.22%
SANM	B	0.22%
GPI	A	0.22%
APA	D	0.22%
RPM	A	0.22%
WS	B	0.22%
COKE	C	0.22%
MATX	C	0.21%
RNR	C	0.21%
AR	B	0.21%
TOST	B	0.21%
BLD	D	0.21%
AZPN	A	0.21%
ETSY	D	0.2%
RDDT	B	0.2%
ELF	C	0.2%
ATKR	C	0.2%
RRX	B	0.2%
AGCO	D	0.2%
DTM	B	0.2%
BBWI	D	0.2%
WCC	B	0.2%
TPG	A	0.2%
LUMN	C	0.2%
TEX	D	0.19%
M	D	0.19%
RNG	B	0.19%
SMG	D	0.19%
JOE	F	0.19%
CROX	D	0.19%
NAVI	C	0.19%
ACM	A	0.19%
MUR	D	0.19%
HAS	D	0.19%
RRC	B	0.19%
HLI	B	0.18%
PRGS	A	0.18%
KNSL	B	0.18%
XRX	F	0.18%
ARW	D	0.18%
NDSN	B	0.18%
ESAB	B	0.18%
USFD	A	0.18%
HIW	D	0.18%
OC	A	0.18%
GLPI	C	0.18%
FROG	C	0.18%
DCI	B	0.18%
AVNT	B	0.18%
MMYT	B	0.17%
VOYA	B	0.17%
PVH	C	0.17%
TKR	D	0.17%
LNW	D	0.17%
BRC	D	0.17%
PDM	D	0.17%
PRG	C	0.17%
KRG	B	0.17%
RHI	B	0.17%
XPO	B	0.17%
AIZ	A	0.17%
EXTR	B	0.17%
PRKS	C	0.17%
JBSS	D	0.17%
SF	B	0.17%
KIM	A	0.16%
IVT	B	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
BL	B	0.16%
BMI	B	0.16%
BJ	A	0.16%
WTM	A	0.16%
SLM	A	0.16%
LRN	A	0.16%
CVCO	A	0.16%
TOL	B	0.16%
GME	C	0.16%
TNL	A	0.16%
CNO	A	0.16%
AGNC	D	0.16%
FAF	A	0.16%
OMF	A	0.16%
PGRE	F	0.16%
KFRC	D	0.16%
GATX	A	0.15%
LBTYA	B	0.15%
GNRC	B	0.15%
SBGI	B	0.15%
HOG	D	0.15%
ONON	A	0.15%
GES	F	0.15%
RL	B	0.15%
ONTO	D	0.15%
W	F	0.15%
VMI	B	0.15%
FTAI	B	0.15%
SPB	C	0.15%
ABG	B	0.15%
CWEN	C	0.15%
SKY	A	0.15%
ESI	A	0.15%
AMR	C	0.14%
UMBF	B	0.14%
RGLD	C	0.14%
ATI	D	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
NOVT	D	0.14%
PI	D	0.14%
CMC	B	0.14%
NJR	A	0.14%
UA	C	0.14%
TTC	D	0.14%
YEXT	A	0.14%
PCTY	B	0.14%
SCI	B	0.14%
AY	B	0.14%
SPT	C	0.14%
SSD	D	0.14%
TPH	D	0.14%
BLKB	B	0.13%
VMEO	B	0.13%
THO	B	0.13%
IPAR	B	0.13%
NFG	A	0.13%
TNET	D	0.13%
ACCO	C	0.13%
OGS	A	0.13%
BRZE	C	0.13%
BWXT	B	0.13%
GOLF	B	0.13%
RYAN	B	0.13%
KAI	A	0.13%
BDN	C	0.13%
QLYS	C	0.13%
SFBS	B	0.13%
FYBR	D	0.13%
AA	B	0.13%
SR	A	0.12%
MAT	D	0.12%
AROC	B	0.12%
AWR	B	0.12%
SAIA	B	0.12%
KBR	F	0.12%
GEO	B	0.12%
BASE	C	0.12%
SATS	D	0.12%
ACLS	F	0.12%
NYT	C	0.12%
OGE	B	0.12%
GFF	A	0.12%
BKE	B	0.12%
WH	B	0.12%
KRC	C	0.12%
WEN	D	0.12%
NOV	C	0.12%
AIT	A	0.12%
CBT	C	0.12%
BSY	D	0.12%
WAFD	B	0.12%
WTS	B	0.12%
NTCT	C	0.11%
FHI	A	0.11%
TXNM	A	0.11%
LAZ	B	0.11%
IBOC	A	0.11%
PARA	C	0.11%
SSTK	F	0.11%
PTEN	C	0.11%
OII	B	0.11%
DFIN	D	0.11%
LOVE	B	0.11%
CUBE	D	0.11%
MFA	D	0.11%
HTH	B	0.11%
CRUS	D	0.11%
CARG	C	0.11%
SPSC	C	0.11%
BAND	B	0.11%
ODP	F	0.11%
CHX	C	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	B	0.11%
NSP	D	0.11%
KW	B	0.1%
MTRN	C	0.1%
ASB	B	0.1%
CHDN	B	0.1%
HP	B	0.1%
ACA	A	0.1%
DNOW	B	0.1%
BECN	B	0.1%
EXPI	C	0.1%
PNFP	B	0.1%
IVZ	B	0.1%
UGI	A	0.1%
CRDO	B	0.1%
VECO	F	0.1%
CRC	B	0.1%
LSTR	D	0.1%
NNN	D	0.1%
HUN	F	0.1%
ICFI	F	0.1%
HOV	D	0.1%
SYNA	C	0.1%
X	C	0.1%
ALX	D	0.1%
LYFT	C	0.1%
CMPR	D	0.1%
AGM	C	0.1%
WAL	B	0.1%
KLIC	B	0.1%
BERY	B	0.1%
WMS	D	0.1%
VRNS	D	0.1%
EEFT	B	0.09%
VSH	D	0.09%
CXT	B	0.09%
MTSI	B	0.09%
WSC	D	0.09%
PHIN	A	0.09%
JACK	D	0.09%
MRC	B	0.09%
MTN	C	0.09%
HEES	B	0.09%
ATEN	B	0.09%
APG	B	0.09%
HI	C	0.09%
CAR	C	0.09%
LZ	D	0.09%
FLG	C	0.09%
IDCC	A	0.09%
PLNT	A	0.09%
EGP	F	0.09%
BC	C	0.09%
ALIT	C	0.09%
TGNA	B	0.09%
TMHC	B	0.09%
OHI	C	0.09%
MTG	C	0.09%
COUR	F	0.09%
UPBD	B	0.09%
AMLX	C	0.09%
OLN	D	0.09%
WEX	D	0.09%
CUBI	C	0.09%
SON	D	0.09%
CRS	A	0.09%
EXPO	D	0.09%
VC	D	0.08%
FIVN	C	0.08%
TENB	C	0.08%
LILA	D	0.08%
HWC	B	0.08%
CVLT	B	0.08%
FLR	B	0.08%
PEGA	A	0.08%
OZK	B	0.08%
CAL	D	0.08%
MKSI	C	0.08%
SCS	C	0.08%
OSCR	D	0.08%
FHB	A	0.08%
PD	C	0.08%
YETI	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%
CUZ	B	0.08%
KSS	F	0.08%
CARS	B	0.08%
MIDD	C	0.08%
BDC	B	0.08%
ALV	C	0.08%
CSWI	A	0.08%
AFRM	B	0.07%
UNIT	B	0.07%
CLH	B	0.07%
EQC	B	0.07%
HASI	D	0.07%
WYNN	D	0.07%
MATV	D	0.07%
VAC	B	0.07%
RIG	D	0.07%
LXP	D	0.07%
POR	C	0.07%
AMPL	C	0.07%
FLNC	C	0.07%
WLY	B	0.07%
NBR	C	0.07%
EPAC	B	0.07%
NTB	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
ASH	D	0.07%
KNF	A	0.07%
PLUS	F	0.07%
SM	B	0.07%
TXRH	C	0.07%
SNEX	B	0.07%
CEIX	A	0.07%
NXST	C	0.07%
WNC	C	0.07%
CC	C	0.06%
YELP	C	0.06%
OXM	D	0.06%
AVDX	B	0.06%
GPMT	C	0.06%
COTY	F	0.06%
S	B	0.06%
FN	D	0.06%
TNC	D	0.06%
NXT	C	0.06%
ILPT	D	0.06%
HWKN	B	0.06%
AMCX	C	0.06%
HCC	B	0.06%
CNX	A	0.06%
TRN	C	0.06%
STWD	C	0.06%
MCY	A	0.06%
CTBI	B	0.06%
MPW	F	0.06%
BRBR	A	0.06%
RUSHA	C	0.06%
FUN	C	0.06%
ASO	F	0.06%
LADR	B	0.06%
NSIT	F	0.06%
SOFI	A	0.06%
FLO	D	0.06%
RDN	C	0.06%
WTTR	B	0.06%
CASY	A	0.06%
RYN	D	0.06%
ADEA	D	0.06%
BCO	D	0.06%
SFL	D	0.06%
AIV	C	0.06%
APPF	B	0.06%
AZEK	A	0.06%
OTTR	C	0.06%
HE	C	0.06%
UVV	B	0.06%
KD	B	0.06%
MED	F	0.06%
AVAV	D	0.05%
SNV	B	0.05%
ACI	C	0.05%
FFIN	B	0.05%
CVBF	A	0.05%
SONO	C	0.05%
PZZA	D	0.05%
ITRI	B	0.05%
LBTYK	A	0.05%
TILE	B	0.05%
SITE	D	0.05%
AEO	F	0.05%
BLMN	F	0.05%
AMBC	C	0.05%
PATH	C	0.05%
HOUS	D	0.05%
MERC	F	0.05%
KOS	F	0.05%
SMTC	B	0.05%
ZIP	F	0.05%
VNT	B	0.05%
THR	B	0.05%
WBS	A	0.05%
LFUS	F	0.05%
ASAN	C	0.05%
WBA	F	0.05%
PK	B	0.05%
WGO	C	0.05%
LECO	B	0.05%
CENTA	C	0.05%
FCN	D	0.04%
MAN	D	0.04%
HPP	F	0.04%
STAG	F	0.04%
MDU	D	0.04%
CORZ	A	0.04%
PFSI	D	0.04%
KREF	D	0.04%
OUT	A	0.04%
DIN	C	0.04%
LPG	F	0.04%
FLYW	C	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	D	0.04%
TPB	B	0.04%
SAH	A	0.04%
NATL	B	0.04%
HELE	C	0.04%
KLG	C	0.04%
CELH	F	0.04%
AGYS	A	0.04%
ARRY	C	0.04%
ROKU	D	0.04%
BILL	A	0.04%
CFFN	B	0.04%
HLF	C	0.04%
ANGI	D	0.04%
IBP	D	0.04%
NHI	D	0.04%
MMS	F	0.04%
FHN	A	0.04%
BCPC	B	0.04%
TDS	B	0.04%
IOSP	B	0.04%
SWIM	C	0.03%
AXTA	A	0.03%
VIAV	B	0.03%
ALRM	C	0.03%
RDFN	D	0.03%
ADT	C	0.03%
MOG.A	B	0.03%
LTH	C	0.03%
CHRD	D	0.03%
FL	F	0.03%
EVTC	B	0.03%
NX	C	0.03%
DNB	B	0.03%
QXO	D	0.03%
XHR	B	0.03%
CIEN	B	0.03%
VIRT	B	0.03%
QDEL	F	0.03%
REVG	B	0.03%
SNBR	F	0.03%
RYI	C	0.03%
CHWY	B	0.03%
IESC	B	0.03%
UDMY	F	0.03%
ARCH	B	0.03%
SLAB	D	0.03%
BRSP	B	0.03%
CDP	C	0.03%
MGNI	A	0.03%
HNI	B	0.03%
VITL	D	0.03%
IVR	F	0.03%
TCBI	B	0.03%
RPD	C	0.03%
CNS	B	0.03%
RLI	B	0.03%
RKT	F	0.03%
UVE	B	0.03%
NRC	F	0.03%
OI	C	0.03%
OLED	D	0.03%
CVI	F	0.03%
RXT	C	0.02%
WOOF	D	0.02%
SSB	B	0.02%
CACI	D	0.02%
SLVM	B	0.02%
OSIS	B	0.02%
MSM	C	0.02%
TSE	F	0.02%
KVYO	C	0.02%
UNFI	A	0.02%
OMER	A	0.02%
VSTS	C	0.02%
BRY	F	0.02%
PRO	C	0.02%
RAMP	C	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	D	0.02%
KFY	B	0.02%
MSA	D	0.02%
JELD	F	0.02%
EDR	A	0.02%
KRNY	B	0.02%
DAN	D	0.02%
DOCN	D	0.02%
ALAB	B	0.02%
EVRI	A	0.02%
NWL	B	0.02%
NUS	D	0.02%
EPR	D	0.02%
BMBL	C	0.02%
OPI	F	0.02%
FSS	B	0.02%
WTFC	A	0.02%
MTW	C	0.02%
DY	D	0.02%
DBI	F	0.02%
CLVT	F	0.02%
PR	B	0.02%
RLJ	C	0.02%
PBF	D	0.02%
SITC	D	0.02%
SVC	F	0.02%
TWO	D	0.02%
CNDT	C	0.02%
OPEN	D	0.02%
WD	D	0.02%
GIII	D	0.02%
USNA	C	0.02%
LANC	C	0.02%
ARCB	C	0.02%
CALX	D	0.02%
CWK	B	0.01%
ALGM	D	0.01%
VAL	D	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	D	0.01%
PEB	D	0.01%
JAMF	F	0.01%
PCH	D	0.01%
EPC	D	0.01%
SFIX	B	0.01%
POWI	D	0.01%
FLWS	F	0.01%
TDC	D	0.01%
XPRO	F	0.01%
MBC	D	0.01%
BIGC	C	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%
BKH	A	0.01%
CRAI	B	0.01%
SWI	B	0.01%
MITK	C	0.01%
VRE	B	0.01%
TR	B	0.01%
TTGT	C	0.01%
SWX	B	0.01%
OIS	C	0.01%
RBRK	A	0.01%
NGVT	B	0.01%
ENVA	B	0.01%
HMST	D	0.01%
AXS	A	0.01%
CAKE	C	0.01%
STGW	B	0.01%
OLPX	D	0.01%
ENR	B	0.01%
BSIG	A	0.01%
GEF	A	0.01%
GWRE	A	0.01%
RHP	B	0.01%
PYCR	C	0.01%
ASGN	F	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
HAIN	C	0.01%
KALU	C	0.01%
PII	D	0.01%
NEXA	C	0.01%
BYD	C	0.01%
UPWK	B	0.01%
HXL	D	0.01%
NFBK	B	0.01%
SHO	C	0.01%
AEIS	B	0.01%
MAGN	F	0.0%
BFH	B	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	B	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	A	0.0%
UNM	A	0.0%
TBBK	B	0.0%
FBP	B	0.0%
PRDO	B	0.0%
BKU	A	0.0%
CMA	A	0.0%
AX	A	0.0%
OFG	B	0.0%

SMLF Underweight 264 Positions Relative to VHT

Symbol	Grade	Weight
LLY	F	-10.82%
UNH	C	-8.38%
ABBV	D	-5.26%
JNJ	D	-4.69%
MRK	F	-4.0%
TMO	F	-3.36%
ABT	B	-3.18%
ISRG	A	-2.88%
AMGN	D	-2.77%
DHR	F	-2.64%
PFE	D	-2.59%
BSX	B	-1.99%
VRTX	F	-1.98%
SYK	C	-1.97%
MDT	D	-1.85%
BMY	B	-1.82%
GILD	C	-1.79%
ELV	F	-1.52%
REGN	F	-1.47%
CI	F	-1.44%
ZTS	D	-1.32%
HCA	F	-1.14%
CVS	D	-1.14%
BDX	F	-1.09%
MCK	B	-1.05%
COR	B	-0.66%
EW	C	-0.65%
IQV	D	-0.61%
GEHC	F	-0.61%
A	D	-0.61%
RMD	C	-0.57%
CNC	D	-0.54%
IDXX	F	-0.54%
ALNY	D	-0.54%
VEEV	C	-0.52%
HUM	C	-0.5%
MTD	D	-0.45%
DXCM	D	-0.45%
CAH	B	-0.43%
BIIB	F	-0.41%
ILMN	D	-0.37%
ZBH	C	-0.36%
WST	C	-0.36%
STE	F	-0.35%
WAT	B	-0.31%
LH	C	-0.31%
MOH	F	-0.3%
HOLX	D	-0.3%
MRNA	F	-0.29%
BAX	D	-0.29%
DGX	A	-0.28%
PODD	C	-0.26%
RVTY	F	-0.24%
ALGN	D	-0.24%
AVTR	F	-0.23%
VTRS	A	-0.22%
EXAS	D	-0.21%
NBIX	C	-0.2%
UHS	D	-0.2%
BMRN	D	-0.2%
TECH	D	-0.19%
INCY	C	-0.19%
RPRX	D	-0.17%
CTLT	B	-0.17%
HSIC	B	-0.15%
CRL	C	-0.15%
TFX	F	-0.15%
BIO	D	-0.12%
DVA	B	-0.12%
JAZZ	B	-0.11%
OGN	D	-0.08%
RDNT	B	-0.07%
RARE	D	-0.07%
PRCT	B	-0.07%
CRNX	C	-0.07%
KRYS	B	-0.06%
SEM	B	-0.06%
AXNX	C	-0.06%
ICUI	D	-0.06%
CRVL	A	-0.05%
NEOG	F	-0.05%
AMED	F	-0.05%
RNA	D	-0.05%
RYTM	C	-0.04%
MRUS	F	-0.04%
SHC	F	-0.04%
OMCL	C	-0.04%
ADUS	D	-0.04%
AGIO	C	-0.04%
ENOV	C	-0.04%
TWST	D	-0.04%
RCM	F	-0.04%
ASTH	D	-0.04%
XENE	D	-0.04%
TMDX	F	-0.04%
CLDX	F	-0.03%
KYMR	D	-0.03%
CLOV	D	-0.03%
NHC	C	-0.03%
SRRK	B	-0.03%
KROS	D	-0.03%
RXST	F	-0.03%
NEO	C	-0.03%
PRVA	B	-0.03%
GERN	D	-0.03%
MNKD	C	-0.03%
IDYA	F	-0.03%
UFPT	B	-0.03%
LBPH	A	-0.03%
MYGN	F	-0.03%
SGRY	F	-0.03%
PTGX	C	-0.03%
AZTA	D	-0.03%
TNDM	F	-0.03%
IOVA	F	-0.03%
PINC	B	-0.03%
ANIP	F	-0.02%
AUPH	B	-0.02%
AORT	B	-0.02%
PHR	F	-0.02%
MD	B	-0.02%
RCKT	F	-0.02%
OCUL	D	-0.02%
PNTG	D	-0.02%
CDNA	D	-0.02%
COLL	F	-0.02%
SDGR	C	-0.02%
STAA	F	-0.02%
CERT	F	-0.02%
RXRX	F	-0.02%
SAVA	D	-0.02%
TVTX	B	-0.02%
VRDN	D	-0.02%
USPH	B	-0.02%
NVAX	F	-0.02%
HRMY	D	-0.02%
EWTX	C	-0.02%
IART	C	-0.02%
ARVN	D	-0.02%
PGNY	F	-0.02%
NRIX	D	-0.02%
HROW	D	-0.02%
MIRM	B	-0.02%
ARDX	F	-0.02%
WVE	C	-0.02%
FTRE	D	-0.02%
IMVT	F	-0.02%
TXG	F	-0.02%
NVCR	C	-0.02%
CYRX	F	-0.01%
ALEC	F	-0.01%
NUVB	C	-0.01%
SGMO	C	-0.01%
VERV	F	-0.01%
ALLO	F	-0.01%
STOK	F	-0.01%
OABI	F	-0.01%
SVRA	D	-0.01%
CCRN	F	-0.01%
ZIMV	D	-0.01%
MNMD	C	-0.01%
OLMA	F	-0.01%
GLUE	C	-0.01%
REPL	B	-0.01%
FLGT	F	-0.01%
HUMA	F	-0.01%
SLP	D	-0.01%
YMAB	F	-0.01%
IMNM	F	-0.01%
KIDS	D	-0.01%
PAHC	C	-0.01%
EBS	C	-0.01%
ALT	C	-0.01%
QTRX	F	-0.01%
GDRX	F	-0.01%
ADPT	C	-0.01%
LQDA	D	-0.01%
CYH	F	-0.01%
SIBN	F	-0.01%
ELVN	D	-0.01%
PACB	F	-0.01%
OPK	C	-0.01%
VREX	C	-0.01%
SRDX	B	-0.01%
CTKB	C	-0.01%
ETNB	C	-0.01%
RVNC	F	-0.01%
PRTA	F	-0.01%
CDMO	B	-0.01%
RLAY	F	-0.01%
PHAT	F	-0.01%
PLRX	F	-0.01%
COGT	D	-0.01%
KURA	F	-0.01%
EOLS	D	-0.01%
PCRX	C	-0.01%
AGL	F	-0.01%
IRON	B	-0.01%
ATEC	C	-0.01%
ESTA	D	-0.01%
MRVI	F	-0.01%
AVNS	F	-0.01%
ARQT	C	-0.01%
BLFS	C	-0.01%
AHCO	F	-0.01%
CSTL	D	-0.01%
CUTR	F	-0.0%
CARA	D	-0.0%
AVTE	D	-0.0%
HLVX	D	-0.0%
OM	D	-0.0%
BNGO	F	-0.0%
FGEN	D	-0.0%
IPSC	F	-0.0%
ALXO	F	-0.0%
MURA	D	-0.0%
RPTX	F	-0.0%
PMVP	D	-0.0%
AKYA	F	-0.0%
RAPT	F	-0.0%
CHRS	D	-0.0%
SEER	B	-0.0%
MCRB	F	-0.0%
VTYX	F	-0.0%
LYEL	F	-0.0%
ACRS	C	-0.0%
ATAI	C	-0.0%
ZNTL	F	-0.0%
INO	F	-0.0%
CABA	F	-0.0%
PRME	F	-0.0%
MGNX	F	-0.0%
ORGO	B	-0.0%
GOSS	F	-0.0%
SENS	F	-0.0%
NVRO	F	-0.0%
ITOS	F	-0.0%
HRTX	F	-0.0%
MODV	C	-0.0%
MGTX	C	-0.0%
IGMS	F	-0.0%
TMCI	D	-0.0%
FATE	F	-0.0%
NKTR	F	-0.0%
INGN	C	-0.0%
FDMT	F	-0.0%
LUNG	F	-0.0%
TSVT	F	-0.0%
FNA	C	-0.0%
ENTA	F	-0.0%
EDIT	F	-0.0%
ALDX	D	-0.0%
BMEA	F	-0.0%
OCGN	F	-0.0%
TERN	F	-0.0%
ANGO	D	-0.0%
SAGE	F	-0.0%
BFLY	B	-0.0%
QURE	D	-0.0%
ORIC	F	-0.0%
TRDA	B	-0.0%
TBPH	C	-0.0%
DCGO	C	-0.0%
SIGA	F	-0.0%