SSLY vs. JPSE ETF Comparison

Comparison of Syntax Stratified SmallCap ETF (SSLY) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

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

$42.76

Average Daily Volume

410

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$43.65

Average Daily Volume

43,246

Number of Holdings ^*

544

* may have additional holdings in another (foreign) market

Performance

Period	SSLY	JPSE
30 Days	-4.72%	-0.98%
60 Days	-2.66%	-0.26%
90 Days	0.12%	2.70%
12 Months	6.05%	16.41%

320 Overlapping Holdings

	Symbol	Grade	Weight in SSLY	Weight in JPSE	Overlap
	AAT	A	0.07%	0.19%	0.07%
	ABCB	A	0.02%	0.22%	0.02%
	ABG	F	0.14%	0.11%	0.11%
	ABM	A	0.13%	0.18%	0.13%
	ABR	B	0.02%	0.18%	0.02%
	ACA	C	0.09%	0.29%	0.09%
	ACLS	F	0.07%	0.15%	0.07%
	ADUS	B	0.11%	0.19%	0.11%
	AEIS	D	0.14%	0.24%	0.14%
	AEL	A	0.27%	0.3%	0.27%
	AEO	B	0.12%	0.11%	0.11%
	AGYS	B	0.14%	0.24%	0.14%
	AHCO	B	0.22%	0.08%	0.08%
	AIN	F	0.16%	0.13%	0.13%
	AKR	B	0.07%	0.32%	0.07%
	ALEX	B	0.06%	0.14%	0.06%
	ALKS	F	0.17%	0.16%	0.16%
	AMPH	D	0.29%	0.2%	0.2%
	AMR	D	0.06%	0.26%	0.06%
	AMWD	C	0.08%	0.06%	0.06%
	ANDE	B	0.21%	0.33%	0.21%
	ANF	B	0.12%	0.03%	0.03%
	ANIP	B	0.32%	0.22%	0.22%
	AOSL	D	0.36%	0.01%	0.01%
	APAM	C	0.46%	0.3%	0.3%
	APLE	F	0.12%	0.26%	0.12%
	APOG	A	0.07%	0.13%	0.07%
	ARCB	F	0.09%	0.31%	0.09%
	ARCH	D	0.06%	0.2%	0.06%
	ARI	F	0.02%	0.2%	0.02%
	AROC	A	0.1%	0.33%	0.1%
	ASIX	F	0.14%	0.11%	0.11%
	ASO	D	0.21%	0.22%	0.21%
	ASTH	D	0.34%	0.2%	0.2%
	ATEN	A	0.83%	0.07%	0.07%
	AUB	C	0.02%	0.1%	0.02%
	AVA	A	0.32%	0.29%	0.29%
	AVNS	C	0.13%	0.05%	0.05%
	AWR	C	0.3%	0.13%	0.13%
	AX	A	0.11%	0.18%	0.11%
	AZZ	B	0.08%	0.17%	0.08%
	B	B	0.06%	0.05%	0.05%
	BANF	A	0.02%	0.11%	0.02%
	BCC	D	0.11%	0.35%	0.11%
	BCPC	C	0.05%	0.29%	0.05%
	BDN	A	0.08%	0.22%	0.08%
	BGS	B	0.11%	0.22%	0.11%
	BHE	A	0.27%	0.17%	0.17%
	BKE	B	0.3%	0.28%	0.28%
	BLMN	F	0.12%	0.22%	0.12%
	BMI	A	0.14%	0.34%	0.14%
	BRKL	F	0.02%	0.0%	0.0%
	BSIG	B	0.49%	0.14%	0.14%
	BXMT	F	0.01%	0.19%	0.01%
	CAL	D	0.15%	0.03%	0.03%
	CALM	C	0.21%	0.33%	0.21%
	CARG	A	0.31%	0.2%	0.2%
	CARS	D	0.28%	0.05%	0.05%
	CASH	A	0.2%	0.07%	0.07%
	CATY	D	0.01%	0.15%	0.01%
	CCOI	F	0.29%	0.25%	0.25%
	CCRN	F	0.06%	0.07%	0.06%
	CCS	C	0.13%	0.11%	0.11%
	CEIX	F	0.07%	0.21%	0.07%
	CENTA	C	0.06%	0.17%	0.06%
	CHCO	A	0.1%	0.06%	0.06%
	CHCT	F	0.39%	0.08%	0.08%
	CHUY	F	0.12%	0.0%	0.0%
	CLW	A	0.25%	0.21%	0.21%
	CNMD	F	0.11%	0.16%	0.11%
	CNS	D	0.1%	0.06%	0.06%
	CNSL	B	0.3%	0.11%	0.11%
	CNXN	F	0.1%	0.16%	0.1%
	COHU	D	0.17%	0.23%	0.17%
	COLL	B	0.19%	0.3%	0.19%
	COOP	B	0.23%	0.34%	0.23%
	CORT	C	0.19%	0.21%	0.19%
	CPK	A	0.31%	0.31%	0.31%
	CPRX	C	0.25%	0.27%	0.25%
	CRC	D	0.17%	0.21%	0.17%
	CRK	B	0.18%	0.15%	0.15%
	CRS	A	0.09%	0.32%	0.09%
	CRVL	C	0.13%	0.31%	0.13%
	CSGS	F	0.19%	0.15%	0.15%
	CTRE	A	0.42%	0.32%	0.32%
	CTS	A	0.21%	0.2%	0.2%
	CVI	F	0.31%	0.18%	0.18%
	CWT	A	0.31%	0.18%	0.18%
	CXW	B	0.1%	0.23%	0.1%
	DEA	B	0.08%	0.2%	0.08%
	DEI	A	0.08%	0.21%	0.08%
	DFIN	B	0.5%	0.08%	0.08%
	DGII	F	0.42%	0.23%	0.23%
	DIOD	B	0.41%	0.22%	0.22%
	DNOW	D	0.09%	0.07%	0.07%
	DORM	C	0.2%	0.06%	0.06%
	DRH	D	0.07%	0.23%	0.07%
	DVAX	D	0.18%	0.21%	0.18%
	DXPE	A	0.12%	0.02%	0.02%
	ECPG	D	0.11%	0.05%	0.05%
	EFC	B	0.06%	0.26%	0.06%
	EIG	D	0.31%	0.17%	0.17%
	ENR	B	0.25%	0.27%	0.25%
	ENSG	D	0.12%	0.3%	0.12%
	ENVA	B	0.12%	0.24%	0.12%
	EPC	A	0.24%	0.3%	0.24%
	EPRT	A	0.07%	0.31%	0.07%
	ETD	F	0.12%	0.3%	0.12%
	EVTC	F	0.21%	0.13%	0.13%
	EXPI	D	0.14%	0.17%	0.14%
	EXTR	F	0.38%	0.2%	0.2%
	FBP	A	0.13%	0.14%	0.13%
	FCF	A	0.02%	0.06%	0.02%
	FCPT	B	0.06%	0.26%	0.06%
	FDP	A	0.21%	0.22%	0.21%
	FELE	D	0.31%	0.31%	0.31%
	FFBC	A	0.02%	0.1%	0.02%
	FIZZ	D	0.1%	0.26%	0.1%
	FLGT	F	0.16%	0.1%	0.1%
	FN	C	0.22%	0.24%	0.22%
	FORM	A	0.17%	0.28%	0.17%
	FSS	B	0.11%	0.22%	0.11%
	FUL	C	0.05%	0.29%	0.05%
	FULT	A	0.02%	0.12%	0.02%
	FWRD	F	0.09%	0.05%	0.05%
	GEO	A	0.13%	0.38%	0.13%
	GFF	C	0.36%	0.17%	0.17%
	GMS	B	0.1%	0.27%	0.1%
	GNW	B	0.26%	0.3%	0.26%
	GOGO	B	0.3%	0.16%	0.16%
	GPI	A	0.16%	0.28%	0.16%
	GRBK	C	0.14%	0.19%	0.14%
	GTY	B	0.06%	0.16%	0.06%
	HASI	D	0.12%	0.2%	0.12%
	HAYN	B	0.07%	0.18%	0.07%
	HCC	B	0.08%	0.32%	0.08%
	HCSG	F	0.11%	0.05%	0.05%
	HI	F	0.14%	0.26%	0.14%
	HIBB	A	0.27%	0.22%	0.22%
	HLIT	D	0.3%	0.22%	0.22%
	HLX	B	0.1%	0.25%	0.1%
	HMN	A	0.29%	0.04%	0.04%
	HNI	B	0.12%	0.21%	0.12%
	HOPE	D	0.02%	0.15%	0.02%
	HPP	F	0.07%	0.12%	0.07%
	HRMY	B	0.26%	0.1%	0.1%
	HSII	D	0.06%	0.06%	0.06%
	HTH	B	0.02%	0.27%	0.02%
	HUBG	B	0.11%	0.06%	0.06%
	HVT	F	0.59%	0.2%	0.2%
	IBP	B	0.09%	0.3%	0.09%
	ICHR	C	0.07%	0.11%	0.07%
	IDCC	B	0.16%	0.28%	0.16%
	IIPR	A	0.07%	0.31%	0.07%
	INN	C	0.07%	0.1%	0.07%
	INVA	A	0.21%	0.26%	0.21%
	IOSP	C	0.05%	0.3%	0.05%
	IPAR	F	0.23%	0.13%	0.13%
	IRWD	F	0.18%	0.21%	0.18%
	ITGR	B	0.15%	0.33%	0.15%
	JBSS	C	0.11%	0.24%	0.11%
	JJSF	F	0.11%	0.24%	0.11%
	JOE	A	0.07%	0.32%	0.07%
	JXN	A	0.33%	0.38%	0.33%
	KALU	A	0.2%	0.17%	0.17%
	KFY	C	0.07%	0.14%	0.07%
	KLIC	F	0.07%	0.25%	0.07%
	KOP	D	0.14%	0.29%	0.14%
	KREF	D	0.02%	0.07%	0.02%
	KWR	C	0.05%	0.22%	0.05%
	LBRT	B	0.09%	0.21%	0.09%
	LCII	F	0.29%	0.14%	0.14%
	LGND	C	0.31%	0.2%	0.2%
	LPG	A	0.34%	0.23%	0.23%
	LTC	A	0.12%	0.28%	0.12%
	LUMN	F	0.22%	0.18%	0.18%
	LXP	D	0.06%	0.2%	0.06%
	LZB	F	0.11%	0.27%	0.11%
	MAC	D	0.06%	0.3%	0.06%
	MATV	A	0.18%	0.23%	0.18%
	MATX	B	0.09%	0.3%	0.09%
	MC	C	0.08%	0.23%	0.08%
	MED	F	0.31%	0.12%	0.12%
	MEI	F	0.18%	0.06%	0.06%
	MGEE	A	0.3%	0.21%	0.21%
	MGPI	D	0.39%	0.12%	0.12%
	MGY	B	0.17%	0.26%	0.17%
	MHO	C	0.13%	0.28%	0.13%
	MLI	A	0.34%	0.35%	0.34%
	MLKN	C	0.1%	0.13%	0.1%
	MMI	D	0.16%	0.02%	0.02%
	MMSI	A	0.14%	0.27%	0.14%
	MOG.A	A	0.1%	0.1%	0.1%
	MOV	F	0.19%	0.12%	0.12%
	MSEX	D	0.29%	0.07%	0.07%
	MTH	A	0.13%	0.24%	0.13%
	MTRN	F	0.06%	0.27%	0.06%
	MTX	A	0.05%	0.3%	0.05%
	MXL	D	0.41%	0.04%	0.04%
	MYE	A	0.06%	0.06%	0.06%
	MYGN	C	0.07%	0.07%	0.07%
	NAVI	F	0.12%	0.27%	0.12%
	NBTB	A	0.02%	0.13%	0.02%
	NEO	D	0.08%	0.14%	0.08%
	NGVT	A	0.05%	0.08%	0.05%
	NHC	B	0.12%	0.06%	0.06%
	NMIH	A	0.13%	0.21%	0.13%
	NOG	B	0.18%	0.15%	0.15%
	NPK	A	0.27%	0.06%	0.06%
	NPO	C	0.06%	0.23%	0.06%
	NSIT	D	0.1%	0.31%	0.1%
	NTCT	D	0.38%	0.14%	0.14%
	NUS	F	0.24%	0.02%	0.02%
	NWBI	D	0.1%	0.14%	0.1%
	NWN	A	0.31%	0.26%	0.26%
	NX	C	0.09%	0.06%	0.06%
	ODP	D	0.24%	0.24%	0.24%
	OFG	A	0.2%	0.22%	0.2%
	OMCL	C	0.13%	0.06%	0.06%
	OMI	D	0.24%	0.23%	0.23%
	OSUR	D	0.13%	0.12%	0.12%
	OTTR	A	0.31%	0.29%	0.29%
	OXM	A	0.13%	0.14%	0.13%
	PARR	F	0.28%	0.22%	0.22%
	PATK	C	0.2%	0.27%	0.2%
	PBH	B	0.31%	0.31%	0.31%
	PBI	A	0.12%	0.06%	0.06%
	PCRX	D	0.17%	0.04%	0.04%
	PDCO	F	0.24%	0.14%	0.14%
	PEB	F	0.07%	0.21%	0.07%
	PECO	D	0.06%	0.27%	0.06%
	PLAB	B	0.07%	0.28%	0.07%
	PLUS	D	0.4%	0.12%	0.12%
	PLXS	A	0.62%	0.24%	0.24%
	PMT	A	0.06%	0.2%	0.06%
	PRDO	A	0.16%	0.25%	0.16%
	PRFT	F	0.29%	0.06%	0.06%
	PRG	B	0.14%	0.09%	0.09%
	PRGS	F	0.12%	0.26%	0.12%
	PSMT	A	0.36%	0.06%	0.06%
	PTEN	F	0.08%	0.17%	0.08%
	RC	D	0.02%	0.16%	0.02%
	RDN	B	0.13%	0.33%	0.13%
	RDNT	A	0.09%	0.17%	0.09%
	RES	F	0.09%	0.05%	0.05%
	REX	B	0.26%	0.18%	0.18%
	RGP	D	0.07%	0.02%	0.02%
	RGR	B	0.31%	0.18%	0.18%
	RNST	B	0.02%	0.12%	0.02%
	ROIC	D	0.06%	0.2%	0.06%
	RWT	C	0.05%	0.1%	0.05%
	SAFT	A	0.28%	0.08%	0.08%
	SANM	B	0.58%	0.2%	0.2%
	SATS	B	0.35%	0.36%	0.35%
	SCHL	D	0.29%	0.06%	0.06%
	SCL	C	0.05%	0.2%	0.05%
	SCSC	B	0.1%	0.14%	0.1%
	SCVL	B	0.17%	0.28%	0.17%
	SEM	B	0.4%	0.29%	0.29%
	SFNC	D	0.02%	0.13%	0.02%
	SHEN	F	0.24%	0.14%	0.14%
	SHO	D	0.07%	0.29%	0.07%
	SHOO	C	0.2%	0.19%	0.19%
	SIG	B	0.21%	0.31%	0.21%
	SITC	C	0.06%	0.29%	0.06%
	SJW	D	0.3%	0.17%	0.17%
	SKT	C	0.06%	0.3%	0.06%
	SLCA	A	0.1%	0.22%	0.1%
	SLG	A	0.08%	0.25%	0.08%
	SLP	A	0.43%	0.15%	0.15%
	SLVM	A	0.18%	0.31%	0.18%
	SM	B	0.17%	0.28%	0.17%
	SMPL	A	0.11%	0.25%	0.11%
	SNEX	A	0.18%	0.08%	0.08%
	SPSC	B	0.12%	0.28%	0.12%
	SPTN	D	0.35%	0.17%	0.17%
	SSTK	F	0.26%	0.16%	0.16%
	STAA	B	0.12%	0.06%	0.06%
	STC	A	0.21%	0.31%	0.21%
	STRA	A	0.15%	0.21%	0.15%
	SUPN	C	0.27%	0.2%	0.2%
	SVC	F	0.07%	0.13%	0.07%
	SXC	D	0.07%	0.24%	0.07%
	SXI	B	0.36%	0.22%	0.22%
	SXT	A	0.14%	0.23%	0.14%
	TBBK	F	0.11%	0.09%	0.09%
	TDS	B	0.31%	0.23%	0.23%
	THRM	D	0.19%	0.09%	0.09%
	THS	D	0.11%	0.1%	0.1%
	TILE	B	0.06%	0.16%	0.06%
	TNC	B	0.16%	0.01%	0.01%
	TPH	A	0.14%	0.22%	0.14%
	TRMK	A	0.02%	0.07%	0.02%
	TRST	B	0.1%	0.06%	0.06%
	TTMI	A	0.3%	0.2%	0.2%
	UCTT	C	0.07%	0.27%	0.07%
	UE	A	0.06%	0.3%	0.06%
	UFPT	A	0.15%	0.25%	0.15%
	UNF	F	0.12%	0.01%	0.01%
	UNFI	F	0.28%	0.1%	0.1%
	UNIT	B	0.06%	0.08%	0.06%
	URBN	C	0.29%	0.21%	0.21%
	USNA	D	0.1%	0.12%	0.1%
	USPH	C	0.09%	0.22%	0.09%
	UVV	B	0.42%	0.22%	0.22%
	VGR	F	0.38%	0.24%	0.24%
	VIAV	D	0.14%	0.18%	0.14%
	VREX	F	0.17%	0.15%	0.15%
	VRTS	D	0.46%	0.09%	0.09%
	WAFD	A	0.1%	0.18%	0.1%
	WDFC	D	0.12%	0.26%	0.12%
	WGO	F	0.31%	0.19%	0.19%
	WIRE	B	0.39%	0.36%	0.36%
	WNC	F	0.09%	0.13%	0.09%
	WOR	C	0.06%	0.29%	0.06%
	WSR	B	0.06%	0.12%	0.06%
	XHR	D	0.07%	0.16%	0.07%
	XRX	F	0.15%	0.14%	0.14%
	YELP	B	0.32%	0.32%	0.32%
	ZEUS	D	0.08%	0.19%	0.08%

SSLY Overweight 256 Positions Relative to JPSE

	Symbol	Grade	Weight
	TNDM	A	0.94%
	VCEL	B	0.83%
	ALRM	C	0.72%
	EMBC	F	0.65%
	SMTC	A	0.59%
	MPW	B	0.45%
	MD	D	0.42%
	DXC	F	0.41%
	SABR	B	0.4%
	HSTM	B	0.4%
	SDGR	F	0.36%
	CERT	C	0.35%
	MODG	B	0.35%
	PRA	B	0.34%
	CHEF	B	0.33%
	VSTO	A	0.33%
	CEVA	D	0.33%
	LESL	F	0.33%
	CNK	D	0.32%
	PAHC	A	0.32%
	DLX	A	0.32%
	SITM	D	0.32%
	THRY	A	0.32%
	CALX	F	0.32%
	SPNT	D	0.31%
	SGH	D	0.31%
	UFCS	A	0.31%
	MCY	A	0.31%
	AMSF	F	0.3%
	ALK	B	0.3%
	AMCX	F	0.3%
	PLMR	B	0.3%
	UTL	A	0.3%
	LQDT	D	0.3%
	KN	B	0.3%
	TRIP	C	0.3%
	FL	F	0.29%
	MCS	F	0.29%
	SHAK	B	0.29%
	PZZA	F	0.28%
	AGO	D	0.27%
	ATNI	F	0.27%
	HCI	B	0.27%
	SKYW	A	0.26%
	PRLB	F	0.26%
	JACK	F	0.25%
	AGTI	B	0.25%
	PINC	C	0.24%
	SNCY	F	0.24%
	XPEL	F	0.23%
	AXL	B	0.23%
	AVAV	A	0.23%
	WWW	B	0.22%
	VRRM	A	0.22%
	TRUP	D	0.22%
	SMP	D	0.22%
	KTB	A	0.21%
	WD	B	0.21%
	OGN	A	0.21%
	SBH	C	0.21%
	GDOT	B	0.21%
	DAN	B	0.21%
	VSAT	F	0.21%
	GPRE	F	0.21%
	SPWR	F	0.2%
	NATL	A	0.2%
	CBU	C	0.2%
	ALGT	F	0.2%
	GIII	C	0.2%
	JBLU	D	0.2%
	NBHC	B	0.2%
	KLG	A	0.19%
	CUBI	D	0.19%
	FOXF	F	0.19%
	KSS	C	0.19%
	CVGW	B	0.19%
	RCUS	D	0.18%
	FTRE	C	0.18%
	HBI	C	0.18%
	MERC	A	0.18%
	BOOT	B	0.18%
	BGC	A	0.17%
	CWK	B	0.17%
	BLFS	B	0.17%
	PHIN	A	0.16%
	MYRG	D	0.16%
	GVA	A	0.16%
	GKOS	A	0.16%
	LRN	A	0.16%
	CWEN	B	0.16%
	CWEN	B	0.16%
	SONO	D	0.16%
	XNCR	B	0.16%
	OI	F	0.16%
	TALO	D	0.16%
	MLAB	B	0.16%
	KAR	A	0.15%
	POWL	B	0.15%
	HWKN	A	0.15%
	DY	A	0.15%
	SEE	B	0.15%
	EYE	F	0.15%
	CRSR	D	0.15%
	CTKB	F	0.14%
	CABO	F	0.14%
	KMT	D	0.14%
	NVEE	D	0.14%
	AAP	D	0.14%
	ATGE	B	0.14%
	RGNX	D	0.14%
	DBI	D	0.14%
	VIR	F	0.14%
	ENV	A	0.14%
	CAKE	D	0.13%
	MNRO	F	0.13%
	JBT	F	0.13%
	ICUI	F	0.13%
	EAT	A	0.13%
	ESE	A	0.13%
	BRC	B	0.13%
	OSIS	B	0.13%
	LNC	D	0.13%
	LMAT	B	0.13%
	WRLD	A	0.13%
	ACIW	A	0.13%
	CVCO	C	0.13%
	GSHD	D	0.13%
	EZPW	B	0.13%
	VICR	F	0.13%
	SAH	A	0.13%
	NARI	D	0.13%
	BJRI	C	0.12%
	BOX	F	0.12%
	AMBC	C	0.12%
	LGIH	F	0.12%
	RAMP	D	0.12%
	NABL	D	0.12%
	SEDG	F	0.12%
	PRAA	C	0.12%
	DIN	F	0.12%
	VSCO	D	0.12%
	QNST	A	0.12%
	AL	A	0.12%
	FTDR	B	0.12%
	ARLO	A	0.12%
	DV	D	0.12%
	VSTS	F	0.12%
	HZO	F	0.12%
	ITRI	A	0.12%
	MCW	D	0.12%
	GES	A	0.12%
	MRCY	D	0.11%
	CPF	A	0.11%
	TR	F	0.11%
	ALG	D	0.11%
	GDEN	F	0.11%
	AIR	A	0.11%
	LNN	B	0.11%
	TRN	A	0.11%
	CENX	B	0.11%
	GBX	B	0.11%
	NWL	D	0.11%
	EPAC	A	0.11%
	CXM	D	0.11%
	ASTE	F	0.11%
	AAON	A	0.11%
	BL	C	0.11%
	CBRL	F	0.11%
	BOH	C	0.1%
	HP	F	0.1%
	OII	B	0.1%
	RUSHA	F	0.1%
	VVI	C	0.1%
	DDD	F	0.1%
	MCRI	D	0.1%
	PUMP	B	0.1%
	RILY	B	0.1%
	HIW	A	0.09%
	NBR	F	0.09%
	PLAY	D	0.09%
	VTOL	C	0.09%
	CRNC	F	0.09%
	CFFN	D	0.09%
	TTGT	D	0.09%
	CLB	D	0.09%
	SIX	C	0.09%
	MATW	D	0.09%
	TGI	C	0.09%
	GNL	C	0.08%
	REZI	C	0.08%
	CSR	A	0.08%
	HTLD	D	0.08%
	MSGS	B	0.08%
	PJT	B	0.08%
	MRTN	D	0.08%
	PIPR	A	0.08%
	HAYW	C	0.08%
	RXO	D	0.08%
	KELYA	C	0.07%
	RUN	F	0.07%
	AHH	B	0.07%
	PDFS	D	0.07%
	KW	B	0.07%
	NVRI	F	0.07%
	PRVA	F	0.07%
	ATI	A	0.07%
	CLDT	F	0.07%
	JBGS	F	0.07%
	UHT	C	0.07%
	HAIN	F	0.07%
	DRQ	F	0.07%
	WS	D	0.07%
	VECO	B	0.07%
	NXRT	B	0.07%
	CENT	C	0.06%
	TWI	F	0.06%
	ROCK	F	0.06%
	AWI	D	0.06%
	IIIN	F	0.06%
	BFS	B	0.06%
	OUT	B	0.06%
	BTU	F	0.06%
	AMN	D	0.06%
	TTEC	F	0.05%
	ROG	C	0.05%
	VFC	F	0.05%
	CMP	F	0.04%
	TMP	D	0.02%
	BANC	C	0.02%
	EGBN	F	0.02%
	FBNC	F	0.02%
	CVBF	C	0.02%
	HAFC	B	0.02%
	SBCF	B	0.02%
	BANR	B	0.02%
	PPBI	C	0.02%
	WABC	A	0.02%
	STBA	A	0.02%
	BHLB	A	0.02%
	HFWA	B	0.02%
	SFBS	C	0.02%
	SBSI	F	0.02%
	PFBC	A	0.02%
	INDB	B	0.02%
	UCBI	B	0.02%
	PRK	A	0.02%
	PFS	B	0.02%
	BKU	A	0.02%
	VBTX	A	0.02%
	DCOM	B	0.02%
	FHB	A	0.02%
	WSFS	A	0.02%
	FBK	A	0.02%
	NFBK	D	0.01%
	LKFN	C	0.01%
	IBTX	F	0.01%

SSLY Underweight 224 Positions Relative to JPSE

	Symbol	Grade	Weight
	PRMW	A	-0.36%
	CBT	A	-0.34%
	CSTM	D	-0.34%
	IDT	B	-0.34%
	PBF	B	-0.33%
	DDS	B	-0.33%
	PR	B	-0.33%
	NHI	A	-0.33%
	PFSI	B	-0.33%
	TNK	A	-0.32%
	STNG	A	-0.32%
	SFM	A	-0.32%
	ATKR	B	-0.32%
	CWST	D	-0.32%
	LAUR	B	-0.31%
	WTS	C	-0.31%
	FIX	B	-0.31%
	TMHC	D	-0.31%
	COKE	B	-0.31%
	ESNT	C	-0.31%
	OGS	B	-0.31%
	ALE	A	-0.31%
	CMC	B	-0.31%
	ESRT	C	-0.3%
	AIT	C	-0.3%
	BKH	A	-0.3%
	SBRA	B	-0.3%
	POR	A	-0.3%
	SWBI	A	-0.3%
	CNX	B	-0.3%
	NWE	A	-0.29%
	CNO	A	-0.29%
	UTZ	A	-0.29%
	RLJ	D	-0.29%
	DBRG	F	-0.29%
	RYI	F	-0.29%
	DHT	A	-0.29%
	KRG	B	-0.29%
	BRBR	C	-0.29%
	UFPI	C	-0.29%
	NJR	A	-0.29%
	OPCH	F	-0.28%
	SMCI	D	-0.28%
	MMS	C	-0.28%
	SIGI	F	-0.28%
	NMRK	C	-0.28%
	NOVT	C	-0.28%
	LANC	C	-0.28%
	TNET	F	-0.28%
	RHP	D	-0.28%
	STRL	D	-0.28%
	AVNT	A	-0.28%
	ONTO	B	-0.28%
	SR	A	-0.28%
	CIVI	D	-0.27%
	TRNO	F	-0.27%
	OEC	A	-0.27%
	MTDR	D	-0.27%
	CHRD	B	-0.27%
	QLYS	D	-0.27%
	AMKR	B	-0.27%
	KBH	C	-0.26%
	ONB	A	-0.26%
	PCH	F	-0.26%
	TROX	A	-0.26%
	ETRN	A	-0.25%
	TGNA	C	-0.25%
	ACLX	C	-0.25%
	CHX	B	-0.25%
	SSD	C	-0.25%
	UBSI	C	-0.25%
	BNL	B	-0.25%
	ELF	D	-0.25%
	WHD	B	-0.24%
	HQY	D	-0.24%
	HAE	A	-0.23%
	VSH	B	-0.23%
	LNTH	B	-0.23%
	GSAT	D	-0.23%
	SWX	A	-0.23%
	INSW	A	-0.23%
	OPEN	F	-0.22%
	RMBS	F	-0.22%
	WK	F	-0.22%
	IMKTA	F	-0.22%
	HOMB	A	-0.21%
	LILAK	B	-0.21%
	IRT	A	-0.21%
	ESGR	B	-0.21%
	CRAI	A	-0.21%
	PDM	A	-0.21%
	GATX	D	-0.21%
	NTB	A	-0.21%
	TPB	A	-0.2%
	EQC	B	-0.2%
	RDFN	F	-0.2%
	APPF	B	-0.2%
	POWI	D	-0.2%
	CSWI	A	-0.19%
	INFN	B	-0.19%
	ECVT	B	-0.19%
	CLFD	B	-0.19%
	ARCT	F	-0.18%
	ASGN	D	-0.18%
	LADR	A	-0.18%
	GEF	D	-0.18%
	VLY	F	-0.18%
	HLNE	A	-0.17%
	BDC	B	-0.17%
	SGRY	F	-0.17%
	DOOR	A	-0.17%
	GPOR	B	-0.17%
	ACRE	D	-0.17%
	SCS	C	-0.16%
	MGRC	D	-0.16%
	NSP	D	-0.16%
	IBOC	A	-0.16%
	WMK	B	-0.16%
	ASC	A	-0.15%
	AGM	A	-0.15%
	LXU	B	-0.15%
	HLF	B	-0.14%
	FUBO	F	-0.14%
	AVNW	F	-0.13%
	GNK	A	-0.13%
	DX	B	-0.13%
	HWC	A	-0.13%
	IGT	F	-0.13%
	NTGR	F	-0.12%
	CVLT	A	-0.12%
	BRY	B	-0.12%
	EGHT	F	-0.12%
	OCFC	C	-0.12%
	SD	B	-0.12%
	VCTR	A	-0.12%
	WSBC	C	-0.12%
	ACT	A	-0.12%
	SOI	A	-0.11%
	ACCO	D	-0.11%
	NWLI	A	-0.11%
	ENS	C	-0.11%
	EXPO	A	-0.1%
	ANET	C	-0.1%
	BLKB	A	-0.1%
	PGRE	A	-0.1%
	HOV	A	-0.1%
	EE	B	-0.1%
	BZH	F	-0.1%
	CMCO	B	-0.1%
	EAF	C	-0.1%
	ATRC	F	-0.09%
	RDUS	F	-0.09%
	BXC	D	-0.09%
	RYAM	D	-0.08%
	UMBF	B	-0.08%
	UEC	A	-0.08%
	PNTG	A	-0.07%
	ZYXI	C	-0.07%
	FLNG	B	-0.07%
	WTTR	B	-0.07%
	CMRE	A	-0.07%
	NNI	A	-0.07%
	NAT	C	-0.06%
	SRCE	A	-0.06%
	MITK	B	-0.06%
	IVT	A	-0.06%
	VRNT	C	-0.06%
	CSTL	B	-0.06%
	SYNA	D	-0.05%
	IPI	C	-0.05%
	CTBI	A	-0.05%
	LWLG	F	-0.05%
	GRWG	B	-0.05%
	NATR	B	-0.05%
	FRME	A	-0.05%
	PETS	F	-0.05%
	KRO	A	-0.05%
	BUSE	A	-0.05%
	ZUMZ	B	-0.05%
	MWA	A	-0.04%
	VNDA	B	-0.04%
	ATRI	B	-0.04%
	CWCO	D	-0.04%
	BGFV	F	-0.04%
	TH	B	-0.04%
	PLL	D	-0.04%
	MRC	D	-0.04%
	RBCAA	A	-0.04%
	GTN	B	-0.04%
	TRS	A	-0.03%
	AIV	A	-0.03%
	AVD	B	-0.03%
	CWH	F	-0.03%
	TRTX	A	-0.03%
	COMM	F	-0.03%
	BOOM	F	-0.03%
	AMPS	F	-0.03%
	WOW	D	-0.02%
	SRDX	B	-0.02%
	OSPN	B	-0.02%
	TG	B	-0.02%
	TBRG	F	-0.02%
	ANIK	A	-0.02%
	GIC	F	-0.02%
	CIX	B	-0.02%
	THFF	A	-0.02%
	CSV	C	-0.02%
	SMR	B	-0.02%
	CCSI	F	-0.01%
	STHO	C	-0.01%
	BH	B	-0.01%
	NR	B	-0.01%
	OABI	D	-0.01%
	CCBG	C	-0.01%
	CNNE	D	-0.01%
	EFSC	B	-0.01%
	CMTL	F	-0.01%
	CMBM	F	-0.01%
	TBI	F	-0.01%
	RBBN	A	-0.0%
	MURA	F	-0.0%
	EGRX	F	-0.0%
	DOUG	F	-0.0%
	HL	B	-0.0%

SSLY: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Packaged Foods Software - Application REIT - Retail Restaurants Specialty Chemicals Diversified Industrials Specialty Retail Asset Management Electronic Components Insurance - Property & Casualty Oil & Gas Equipment & Services REIT - Hotel & Motel Telecom Services Apparel Stores Auto Parts Building Materials Communication Equipment

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Chemical Computing Aerospace Clothing Real Estate Loans Insurance Mining Retail Store Semiconductor Commercial Bank Commercial Banking Fashion Mortgage Loan Transport Investment Management

JPSE: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Specialty Chemicals Oil & Gas E&P Software - Application Biotechnology Diversified Industrials REIT - Retail Communication Equipment Packaged Foods Telecom Services Asset Management Oil & Gas Equipment & Services REIT - Hotel & Motel Shipping & Ports Diagnostics & Research Electronic Components REIT - Office Residential Construction Building Materials

Keywords: Real Estate Investment Trust Bank Banking Natural Gas Medicine Chemical Telecommunications Deposit Products Mortgage Loan Computing Mining Semiconductor Aerospace Clothing Real Estate Loans Broadband Loan Insurance Real Estate Properties Retail Store