Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) Holdings
SMDX holdings summary
as of Oct 25, 2026- Holdings
- 530 positions listed
- Top 10 weight
- 9.6% of net assets
- Effective holdings
- 256 equal-weight equivalent
- Largest holding
- THC 1.29% Tenet Healthcare Corporation
- Annual turnover
- — of the portfolio traded
Top 109.6%
Top 2520.3%
Top 5033.4%
Top 10051.6%
Top 25083.0%
All SMDX holdings
530 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | THC | Tenet Healthcare Corporation | Healthcare | 1.29% | $1.6M | $21.52B | 10.5 |
| 2 | JLL | Jones Lang LaSalle Incorporated | Real Estate | 1.21% | $1.5M | $14.06B | 14.7 |
| 3 | EWBC | East West Bancorp, Inc. | Financial Services | 1.00% | $1.3M | $17.38B | 12.2 |
| 4 | DINO | HF Sinclair Corporation | Energy | 1.00% | $1.3M | $22.27B | 11.9 |
| 5 | XPO | XPO Logistics, Inc. | Industrials | 0.96% | $1.2M | $21.86B | 54.9 |
| 6 | ST | Sensata Technologies Holding plc | Technology | 0.88% | $1.1M | $5.91B | 67.6 |
| 7 | LAMR | Lamar Advertising Company | Real Estate | 0.84% | $1.1M | $15.24B | 27.4 |
| 8 | AMG | Affiliated Managers Group, Inc. | Financial Services | 0.84% | $1.1M | $9.92B | 13.4 |
| 9 | USFD | US Foods Holding Corp. | Consumer Defensive | 0.81% | $1.0M | $22.06B | 31.4 |
| 10 | MEDP | Medpace Holdings, Inc. | Healthcare | 0.80% | $1.0M | $17.26B | 36.3 |
| 11 | JXN | Jackson Financial Inc. | Financial Services | 0.79% | $1.0M | $8.84B | 143.5 |
| 12 | HALO | Halozyme Therapeutics, Inc. | Healthcare | 0.77% | $967,923.22 | $13.83B | 35.6 |
| 13 | UTHR | United Therapeutics Corporation | Healthcare | 0.75% | $951,095.27 | $22.87B | 19.1 |
| 14 | EHC | Encompass Health Corporation | Healthcare | 0.75% | $944,009.82 | $12.61B | 21.4 |
| 15 | CW | Curtiss-Wright Corporation | Industrials | 0.74% | $941,985.41 | $18.55B | 34.6 |
| 16 | CGNX | Cognex Corporation | Technology | 0.73% | $929,965.45 | $9.08B | 51.9 |
| 17 | VLY | Valley National Bancorp | Financial Services | 0.73% | $929,965.45 | $7.00B | 10.7 |
| 18 | OHI | Omega Healthcare Investors, Inc. | Real Estate | 0.73% | $927,434.93 | $14.39B | 16.3 |
| 19 | EXEL | Exelixis, Inc. | Healthcare | 0.73% | $925,537.04 | $15.42B | 19.6 |
| 20 | WWD | Woodward, Inc. | Industrials | 0.70% | $885,807.90 | $19.40B | 36.5 |
| 21 | UNM | Unum Group | Financial Services | 0.70% | $880,240.76 | $14.60B | 21.5 |
| 22 | VMI | Valmont Industries, Inc. | Industrials | 0.68% | $858,604.83 | $8.63B | 17.4 |
| 23 | HR | Healthcare Realty Trust Incorporated | Real Estate | 0.66% | $837,601.53 | $6.07B | — |
| 24 | ATI | ATI Inc. | Industrials | 0.63% | $801,921.22 | $25.27B | 54.4 |
| 25 | NVT | nVent Electric plc | Industrials | 0.63% | $798,378.50 | $22.99B | 39.3 |
| 26 | R | Ryder System, Inc. | Industrials | 0.63% | $791,672.63 | $9.14B | 19.4 |
| 27 | YETI | YETI Holdings, Inc. | Consumer Cyclical | 0.61% | $765,608.29 | $3.14B | 18.9 |
| 28 | OLED | Universal Display Corporation | Technology | 0.60% | $761,179.88 | $3.58B | 18.8 |
| 29 | GMED | Globus Medical, Inc. | Healthcare | 0.60% | $760,673.78 | $10.30B | 19.7 |
| 30 | CMC | Commercial Metals Company | Industrials | 0.58% | $736,886.91 | $7.19B | 11.1 |
| 31 | MTRN | Materion Corporation | Basic Materials | 0.56% | $705,128.90 | $5.11B | 57.2 |
| 32 | MUSA | Murphy USA Inc. | Consumer Cyclical | 0.56% | $702,345.33 | $10.07B | 16.7 |
| 33 | NBIX | Neurocrine Biosciences, Inc. | Healthcare | 0.55% | $692,476.31 | $13.79B | 19.9 |
| 34 | SNX | TD SYNNEX Corporation | Technology | 0.54% | $679,697.19 | $19.69B | 15.0 |
| 35 | OKTA | Okta, Inc. | Technology | 0.53% | $665,273.24 | $32.74B | 112.8 |
| 36 | MANH | Manhattan Associates, Inc. | Technology | 0.52% | $655,657.27 | $12.95B | 63.8 |
| 37 | NYT | The New York Times Company | Communication Services | 0.51% | $647,180.03 | $10.93B | 28.2 |
| 38 | CNO | CNO Financial Group, Inc. | Financial Services | 0.51% | $642,498.58 | $5.06B | 18.9 |
| 39 | BWXT | BWX Technologies, Inc. | Industrials | 0.51% | $639,968.06 | $12.55B | 35.5 |
| 40 | ENS | EnerSys | Industrials | 0.50% | $632,123.45 | $6.08B | 18.1 |
| 41 | RGA | Reinsurance Group of America, Incorporated | Financial Services | 0.50% | $630,984.72 | $17.42B | 11.7 |
| 42 | BGC | BGC Group, Inc | Financial Services | 0.49% | $625,038.00 | $5.40B | 29.0 |
| 43 | KFY | Korn Ferry | Industrials | 0.48% | $612,258.88 | $4.09B | 13.8 |
| 44 | HLNE | Hamilton Lane Incorporated | Financial Services | 0.48% | $607,830.48 | $5.49B | 12.5 |
| 45 | SWX | Southwest Gas Holdings, Inc. | Utilities | 0.48% | $607,197.85 | $6.34B | 21.9 |
| 46 | RBC | RBC Bearings Incorporated | Industrials | 0.47% | $593,786.10 | $15.78B | 49.3 |
| 47 | FIVE | Five Below, Inc. | Consumer Cyclical | 0.47% | $593,786.10 | $12.26B | 20.0 |
| 48 | NOVT | Novanta Inc. | Technology | 0.46% | $576,578.58 | $4.87B | 81.5 |
| 49 | PFS | Provident Financial Services, Inc. | Financial Services | 0.45% | $574,554.16 | $2.90B | 9.3 |
| 50 | CRS | Carpenter Technology Corporation | Industrials | 0.45% | $574,174.58 | $18.69B | 35.8 |
| 51 | LSCC | Lattice Semiconductor Corporation | Technology | 0.44% | $555,069.17 | $14.72B | 414.6 |
| 52 | ITRI | Itron, Inc. | Technology | 0.44% | $552,791.71 | $3.64B | 13.9 |
| 53 | KEX | Kirby Corporation | Industrials | 0.43% | $549,881.61 | $7.20B | 21.0 |
| 54 | PEB | Pebblebrook Hotel Trust | Real Estate | 0.43% | $541,151.32 | $2.19B | — |
| 55 | MKSI | MKS Instruments, Inc. | Technology | 0.42% | $536,090.28 | $14.53B | 34.2 |
| 56 | VSAT | Viasat, Inc. | Technology | 0.42% | $529,637.46 | $8.10B | — |
| 57 | INDV | Indivior PLC | Healthcare | 0.42% | $527,866.10 | $3.83B | 11.6 |
| 58 | RBA | RB Global, Inc. | Industrials | 0.41% | $519,515.39 | $15.71B | 36.3 |
| 59 | COKE | Coca-Cola Consolidated, Inc. | Consumer Defensive | 0.41% | $517,490.98 | $14.00B | 27.9 |
| 60 | ROG | Rogers Corporation | Technology | 0.41% | $517,490.98 | $2.38B | 77.5 |
| 61 | ORA | Ormat Technologies, Inc. | Utilities | 0.41% | $515,340.04 | $5.49B | 43.8 |
| 62 | OUT | Outfront Media Inc. | Real Estate | 0.40% | $510,658.58 | $5.35B | 21.9 |
| 63 | RMBS | Rambus Inc. | Technology | 0.40% | $509,519.84 | $9.46B | 40.0 |
| 64 | BURL | Burlington Stores, Inc. | Consumer Cyclical | 0.40% | $509,266.79 | $16.50B | 23.6 |
| 65 | JAZZ | Jazz Pharmaceuticals plc | Healthcare | 0.40% | $505,344.49 | $13.65B | 14.4 |
| 66 | VSNT | Versant Media Group, Inc. | Communication Services | 0.39% | $498,891.67 | $4.42B | 6.0 |
| 67 | PRI | Primerica, Inc. | Financial Services | 0.39% | $498,638.62 | $8.70B | 11.4 |
| 68 | TTEK | Tetra Tech, Inc. | Industrials | 0.39% | $492,691.90 | $8.89B | 20.9 |
| 69 | WSFS | WSFS Financial Corporation | Financial Services | 0.39% | $490,794.01 | $3.92B | 12.8 |
| 70 | ONTO | Onto Innovation Inc. | Technology | 0.39% | $489,149.17 | $10.83B | 83.0 |
| 71 | LNTH | Lantheus Holdings, Inc. | Healthcare | 0.38% | $481,684.14 | $6.51B | 24.1 |
| 72 | VIRT | Virtu Financial, Inc. | Financial Services | 0.38% | $475,357.85 | $5.02B | 9.4 |
| 73 | RS | Reliance Steel & Aluminum Co. | Basic Materials | 0.37% | $469,664.18 | $20.99B | 23.9 |
| 74 | VSXY | Victoria's Secret & Co | Consumer Cyclical | 0.37% | $469,537.66 | $6.97B | 19.5 |
| 75 | MLI | Mueller Industries, Inc. | Industrials | 0.37% | $467,892.82 | $13.29B | 15.6 |
| 76 | AA | Alcoa Corporation | Basic Materials | 0.37% | $463,717.46 | $10.94B | 7.2 |
| 77 | MTZ | MasTec, Inc. | Industrials | 0.37% | $462,199.15 | $15.34B | 30.5 |
| 78 | RNR | RenaissanceRe Holdings Ltd. | Financial Services | 0.36% | $459,921.69 | $14.59B | 6.1 |
| 79 | WKC | World Kinect Corporation | Energy | 0.35% | $441,195.85 | $1.85B | — |
| 80 | SKYW | SkyWest, Inc. | Industrials | 0.35% | $440,310.17 | $3.55B | 9.1 |
| 81 | RPM | RPM International Inc. | Basic Materials | 0.35% | $437,273.55 | $12.72B | 18.4 |
| 82 | ADEA | Adeia Inc. | Technology | 0.34% | $434,743.03 | $2.25B | 18.7 |
| 83 | AMKR | Amkor Technology, Inc. | Technology | 0.34% | $428,796.31 | $10.39B | 18.8 |
| 84 | EXTR | Extreme Networks, Inc. | Technology | 0.34% | $428,669.79 | $2.87B | 70.1 |
| 85 | GNW | Genworth Financial, Inc. | Financial Services | 0.34% | $427,531.05 | $3.43B | 18.1 |
| 86 | CVLT | Commvault Systems, Inc. | Technology | 0.33% | $415,764.14 | $6.18B | 95.0 |
| 87 | CART | Instacart (Maplebear Inc.) | Consumer Cyclical | 0.33% | $411,335.74 | $11.83B | 27.2 |
| 88 | CROX | Crocs, Inc. | Consumer Cyclical | 0.32% | $408,299.11 | $5.90B | 10.8 |
| 89 | VCYT | Veracyte, Inc. | Healthcare | 0.32% | $402,985.03 | $3.47B | 30.8 |
| 90 | FORM | FormFactor, Inc. | Technology | 0.32% | $401,719.77 | $8.20B | 72.4 |
| 91 | RAL | Ralliant Corporation | Technology | 0.32% | $401,087.14 | $7.36B | — |
| 92 | NWL | Newell Brands Inc. | Consumer Defensive | 0.32% | $400,581.03 | $2.41B | — |
| 93 | MXL | MaxLinear, Inc. | Technology | 0.32% | $400,454.51 | $6.47B | — |
| 94 | UNFI | United Natural Foods, Inc. | Consumer Defensive | 0.32% | $398,936.20 | $2.88B | 35.7 |
| 95 | ARMK | Aramark | Industrials | 0.31% | $389,826.33 | $14.57B | 38.7 |
| 96 | NXT | Nextracker Inc. | Technology | 0.31% | $389,826.33 | $12.30B | 20.7 |
| 97 | PEN | Penumbra, Inc. | Healthcare | 0.31% | $389,826.33 | $12.64B | 78.8 |
| 98 | HCSG | Healthcare Services Group, Inc. | Healthcare | 0.31% | $388,561.07 | $1.45B | 12.4 |
| 99 | BC | Brunswick Corporation | Consumer Cyclical | 0.30% | $384,512.24 | $4.17B | — |
| 100 | PRG | PROG Holdings, Inc. | Industrials | 0.30% | $384,132.67 | $1.23B | 9.9 |
| 101 | CNX | CNX Resources Corporation | Energy | 0.30% | $382,614.35 | $5.31B | 5.8 |
| 102 | GME | GameStop Corp. | Consumer Cyclical | 0.30% | $381,981.73 | $13.53B | 17.6 |
| 103 | WMG | Warner Music Group Corp. | Communication Services | 0.29% | $369,708.71 | $16.43B | 25.1 |
| 104 | CACI | CACI International Inc | Technology | 0.29% | $368,063.88 | $13.58B | 25.4 |
| 105 | LPG | Dorian LPG Ltd. | Energy | 0.29% | $367,684.30 | $2.29B | 7.1 |
| 106 | LUMN | Lumen Technologies, Inc. | Communication Services | 0.29% | $366,545.56 | $4.80B | — |
| 107 | SAIC | Science Applications International Corporation | Technology | 0.29% | $366,545.56 | $5.58B | 15.5 |
| 108 | TDC | Teradata Corporation | Technology | 0.29% | $365,912.93 | $2.82B | 6.4 |
| 109 | APPF | AppFolio, Inc. | Technology | 0.29% | $365,280.31 | $7.51B | 48.3 |
| 110 | DY | Dycom Industries, Inc. | Industrials | 0.29% | $364,900.73 | $7.65B | 23.2 |
| 111 | JEF | Jefferies Financial Group Inc. | Financial Services | 0.29% | $364,900.73 | $10.29B | 11.9 |
| 112 | TXRH | Texas Roadhouse, Inc. | Consumer Cyclical | 0.29% | $363,382.42 | $11.05B | 26.9 |
| 113 | FF60 | FIRSTCASH HLDGS INC.DL-01 | Financial Services | 0.29% | $363,002.84 | — | — |
| 114 | ELF | e.l.f. Beauty, Inc. | Consumer Defensive | 0.28% | $353,260.34 | $6.70B | 115.9 |
| 115 | WCC | WESCO International, Inc. | Industrials | 0.28% | $353,007.29 | $16.61B | 23.6 |
| 116 | CHDN | Churchill Downs Incorporated | Consumer Cyclical | 0.28% | $352,501.19 | $5.69B | 13.9 |
| 117 | ARW | Arrow Electronics, Inc. | Technology | 0.28% | $352,374.66 | $10.92B | 13.7 |
| 118 | PNM | PNM Resources Inc | Utilities | 0.28% | $349,464.57 | — | — |
| 119 | MTDR | Matador Resources Company | Energy | 0.28% | $349,211.51 | $7.12B | 9.9 |
| 120 | TOL | Toll Brothers, Inc. | Consumer Cyclical | 0.27% | $344,656.58 | $12.32B | 10.8 |
| 121 | TREX | Trex Company, Inc. | Industrials | 0.27% | $343,517.85 | $4.66B | 26.9 |
| 122 | OGS | ONE Gas, Inc. | Utilities | 0.27% | $340,607.75 | $4.75B | 16.3 |
| 123 | AYI | Acuity Brands, Inc. | Industrials | 0.27% | $336,938.50 | $9.08B | 17.8 |
| 124 | STRA | Strategic Education, Inc. | Consumer Defensive | 0.27% | $336,811.98 | $1.81B | 13.6 |
| 125 | DAR | Darling Ingredients Inc. | Consumer Defensive | 0.27% | $336,179.35 | $9.68B | 16.5 |
| 126 | TTMI | TTM Technologies, Inc. | Technology | 0.27% | $335,926.29 | $9.89B | 42.5 |
| 127 | OFG | OFG Bancorp | Financial Services | 0.27% | $335,673.24 | $2.22B | 10.4 |
| 128 | FN | Fabrinet | Technology | 0.26% | $327,449.06 | $13.03B | 27.9 |
| 129 | PBF | PBF Energy Inc. | Energy | 0.26% | $327,196.01 | $10.02B | 7.4 |
| 130 | FGXXX | First American Funds Inc. - Government Obligations Fund | Other | 0.26% | $325,424.64 | — | — |
| 131 | CVSA | Covista Inc. | Consumer Defensive | 0.26% | $325,045.07 | $4.29B | 16.9 |
| 132 | GWRE | Guidewire Software, Inc. | Technology | 0.26% | $323,526.75 | $13.85B | 103.6 |
| 133 | TGTX | TG Therapeutics, Inc. | Healthcare | 0.26% | $323,273.70 | $8.26B | 19.6 |
| 134 | NVST | Envista Holdings Corporation | Healthcare | 0.25% | $322,134.97 | $3.68B | 39.5 |
| 135 | MTSI | MACOM Technology Solutions Holdings, Inc. | Technology | 0.25% | $320,996.24 | $20.03B | 83.5 |
| 136 | YOU | Clear Secure, Inc. | Technology | 0.25% | $319,857.50 | $4.52B | 29.5 |
| 137 | PRGS | Progress Software Corporation | Technology | 0.25% | $313,657.73 | $1.67B | 18.8 |
| 138 | AN | AutoNation, Inc. | Consumer Cyclical | 0.25% | $312,139.42 | $5.35B | 7.5 |
| 139 | SFM | Sprouts Farmers Market, Inc. | Consumer Defensive | 0.25% | $310,368.06 | $6.08B | 12.5 |
| 140 | UFCS | United Fire Group, Inc. | Financial Services | 0.24% | $304,800.92 | $1.45B | 10.5 |
| 141 | EPR | EPR Properties | Real Estate | 0.24% | $303,662.19 | $4.27B | 17.9 |
| 142 | QNST | QuinStreet, Inc | Communication Services | 0.24% | $302,523.45 | $933.9M | 11.7 |
| 143 | ICUI | ICU Medical, Inc. | Healthcare | 0.24% | $302,017.35 | $4.08B | 137.0 |
| 144 | PLNT | Planet Fitness, Inc. | Consumer Cyclical | 0.24% | $301,890.82 | $3.86B | 17.3 |
| 145 | TTC | The Toro Company | Industrials | 0.24% | $301,258.19 | $9.52B | 26.9 |
| 146 | GAP | The Gap, Inc. | Consumer Cyclical | 0.24% | $299,613.36 | $8.12B | 7.0 |
| 147 | CSL | Carlisle Companies Incorporated | Industrials | 0.23% | $296,323.68 | $13.26B | 19.0 |
| 148 | CLH | Clean Harbors, Inc. | Industrials | 0.23% | $294,678.85 | $16.90B | 38.8 |
| 149 | SNDR | Schneider National, Inc. | Industrials | 0.23% | $294,678.85 | $5.52B | 50.0 |
| 150 | FTI | TechnipFMC plc | Energy | 0.23% | $292,654.43 | $27.32B | 24.3 |
| 151 | HLIT | Harmonic Inc. | Technology | 0.23% | $289,364.76 | $1.17B | 41.1 |
| 152 | SIG | Signet Jewelers Limited | Consumer Cyclical | 0.23% | $287,846.45 | $4.54B | 13.7 |
| 153 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | 0.23% | $287,719.92 | $10.55B | 240.0 |
| 154 | SIGI | Selective Insurance Group, Inc. | Financial Services | 0.23% | $287,340.34 | $5.31B | 10.9 |
| 155 | IPAR | Inter Parfums, Inc. | Consumer Defensive | 0.23% | $286,960.77 | $3.71B | 22.1 |
| 156 | SCI | Service Corporation International | Consumer Cyclical | 0.23% | $286,960.77 | $11.09B | 21.3 |
| 157 | DCOM | Dime Community Bancshares, Inc. | Financial Services | 0.23% | $286,707.71 | $1.71B | 14.0 |
| 158 | TLN | Talen Energy Corporation | Utilities | 0.23% | $286,707.71 | $16.78B | — |
| 159 | SHO | Sunstone Hotel Investors, Inc. | Real Estate | 0.22% | $284,303.72 | $2.20B | 56.3 |
| 160 | GKOS | Glaukos Corporation | Healthcare | 0.22% | $280,381.42 | $9.72B | — |
| 161 | LFUS | Littelfuse, Inc. | Technology | 0.22% | $279,622.26 | $9.67B | — |
| 162 | GIII | G-III Apparel Group, Ltd. | Consumer Cyclical | 0.22% | $278,989.63 | $1.22B | 9.2 |
| 163 | SHOO | Steven Madden, Ltd. | Consumer Cyclical | 0.22% | $275,320.38 | $3.31B | 22.6 |
| 164 | FTDR | Frontdoor, Inc. | Consumer Cyclical | 0.21% | $270,638.92 | $5.44B | 20.8 |
| 165 | FLS | Flowserve Corporation | Industrials | 0.21% | $270,638.92 | $8.96B | 24.6 |
| 166 | NJR | New Jersey Resources Corporation | Utilities | 0.21% | $269,879.77 | $5.30B | 14.5 |
| 167 | CARG | CarGurus, Inc. | Communication Services | 0.21% | $267,222.72 | $2.70B | 16.1 |
| 168 | M | Macy's, Inc. | Consumer Cyclical | 0.21% | $266,969.67 | $6.27B | 8.8 |
| 169 | CZN | Crane Co | Other | 0.21% | $266,843.15 | — | — |
| 170 | SAIA | Saia, Inc. | Industrials | 0.21% | $266,463.57 | $8.91B | 32.3 |
| 171 | FHN | First Horizon Corporation | Financial Services | 0.21% | $265,830.94 | $10.84B | 16.6 |
| 172 | NTNX | Nutanix, Inc. | Technology | 0.21% | $260,516.85 | $18.11B | 12.9 |
| 173 | WFRD | Weatherford International plc | Energy | 0.21% | $260,516.85 | $5.45B | 15.0 |
| 174 | OMCL | Omnicell, Inc. | Healthcare | 0.21% | $260,263.80 | $1.61B | 42.1 |
| 175 | SLAB | Silicon Laboratories Inc. | Technology | 0.20% | $257,733.28 | $7.37B | — |
| 176 | IIPR | Innovative Industrial Properties, Inc. | Real Estate | 0.20% | $257,606.75 | $1.44B | 11.9 |
| 177 | VCEL | Vericel Corporation | Healthcare | 0.20% | $257,100.65 | $2.05B | 85.4 |
| 178 | HOG | Harley-Davidson, Inc. | Consumer Cyclical | 0.20% | $251,027.41 | $2.78B | 14.7 |
| 179 | WSC | WillScot Mobile Mini Holdings Corp. | Industrials | 0.20% | $251,027.41 | $2.88B | — |
| 180 | HMN | Horace Mann Educators Corporation | Financial Services | 0.20% | $250,647.83 | $1.88B | 10.8 |
| 181 | ANF | Abercrombie & Fitch Co. | Consumer Cyclical | 0.20% | $249,762.15 | $6.50B | 13.2 |
| 182 | KTB | Kontoor Brands, Inc. | Consumer Cyclical | 0.20% | $249,635.62 | $4.01B | 17.9 |
| 183 | PLXS | Plexus Corp. | Technology | 0.20% | $249,129.52 | $6.14B | 34.0 |
| 184 | WDFC | WD-40 Company | Basic Materials | 0.20% | $248,370.36 | $2.69B | 30.4 |
| 185 | MDU | MDU Resources Group, Inc. | Utilities | 0.19% | $244,574.59 | $4.00B | 20.2 |
| 186 | ALLY | Ally Financial Inc. | Financial Services | 0.19% | $243,435.85 | $11.46B | 8.9 |
| 187 | GEF | Greif, Inc. | Consumer Cyclical | 0.19% | $243,309.33 | $4.67B | 37.2 |
| 188 | AVNT | Avient Corporation | Basic Materials | 0.19% | $243,056.28 | $3.58B | 21.1 |
| 189 | ESNT | Essent Group Ltd. | Financial Services | 0.19% | $241,917.54 | $5.82B | 9.0 |
| 190 | TILE | Interface, Inc. | Consumer Cyclical | 0.19% | $241,664.49 | $2.09B | 14.7 |
| 191 | ARLO | Arlo Technologies, Inc. | Industrials | 0.19% | $241,411.44 | $1.31B | 43.4 |
| 192 | WEX | WEX Inc. | Technology | 0.19% | $237,615.66 | $6.20B | 18.1 |
| 193 | WERN | Werner Enterprises, Inc. | Industrials | 0.19% | $237,236.08 | $1.97B | — |
| 194 | VC | Visteon Corporation | Consumer Cyclical | 0.19% | $236,983.03 | $2.33B | 16.0 |
| 195 | STBA | S&T Bancorp, Inc. | Financial Services | 0.19% | $236,729.98 | $1.72B | 13.0 |
| 196 | ENSG | The Ensign Group, Inc. | Healthcare | 0.19% | $236,729.98 | $10.29B | 27.7 |
| 197 | PTCT | PTC Therapeutics, Inc. | Healthcare | 0.19% | $235,844.30 | $4.94B | — |
| 198 | LNC | Lincoln National Corporation | Financial Services | 0.18% | $228,885.37 | $7.63B | 3.4 |
| 199 | AGYS | Agilysys, Inc. | Technology | 0.18% | $228,252.74 | $3.10B | 72.3 |
| 200 | SXT | Sensient Technologies Corporation | Basic Materials | 0.18% | $227,620.11 | $5.69B | 36.0 |
| 201 | ORI | Old Republic International Corporation | Financial Services | 0.18% | $224,836.54 | $9.58B | 8.8 |
| 202 | APLE | Apple Hospitality REIT, Inc. | Real Estate | 0.18% | $224,456.97 | $4.03B | 23.0 |
| 203 | CHWY | Chewy, Inc. | Consumer Cyclical | 0.18% | $224,330.44 | $8.43B | 32.3 |
| 204 | LQDT | Liquidity Services, Inc. | Consumer Cyclical | 0.18% | $224,077.39 | $1.37B | 43.0 |
| 205 | ARWR | Arrowhead Pharmaceuticals, Inc. | Healthcare | 0.18% | $223,191.71 | $7.90B | — |
| 206 | DNOW | NOW Inc. | Industrials | 0.18% | $223,191.71 | $2.83B | — |
| 207 | QLYS | Qualys, Inc. | Technology | 0.18% | $222,812.13 | $6.26B | 31.4 |
| 208 | INSW | International Seaways, Inc. | Energy | 0.17% | $221,293.82 | $5.45B | 7.0 |
| 209 | FLR | Fluor Corporation | Industrials | 0.17% | $221,293.82 | $6.28B | — |
| 210 | AVT | Avnet, Inc. | Technology | 0.17% | $220,408.14 | $7.40B | 23.3 |
| 211 | RAMP | LiveRamp Holdings, Inc. | Technology | 0.17% | $218,383.72 | $2.28B | 15.5 |
| 212 | POWL | Powell Industries, Inc. | Industrials | 0.17% | $218,130.67 | $6.02B | 31.6 |
| 213 | BFAM | Bright Horizons Family Solutions Inc. | Consumer Cyclical | 0.17% | $209,526.91 | $3.46B | 22.5 |
| 214 | DOCU | DocuSign, Inc. | Technology | 0.16% | $207,249.44 | $13.95B | 45.5 |
| 215 | UMBF | UMB Financial Corporation | Financial Services | 0.16% | $206,869.86 | $9.96B | 10.9 |
| 216 | TNL | Travel + Leisure Co. | Consumer Cyclical | 0.16% | $205,731.13 | $3.96B | 17.6 |
| 217 | ADUS | Addus HomeCare Corporation | Healthcare | 0.16% | $205,478.08 | $2.17B | 20.3 |
| 218 | PARR | Par Pacific Holdings, Inc. | Energy | 0.16% | $204,971.98 | $4.18B | 4.9 |
| 219 | RUSHA | Rush Enterprises, Inc. | Consumer Cyclical | 0.16% | $204,086.29 | $5.29B | 20.5 |
| 220 | TDS | Telephone and Data Systems, Inc | Communication Services | 0.16% | $203,833.24 | $3.90B | 8.5 |
| 221 | BOOT | Boot Barn Holdings, Inc. | Consumer Cyclical | 0.16% | $203,833.24 | $3.69B | 15.4 |
| 222 | LRN | Stride, Inc. | Consumer Defensive | 0.16% | $203,706.72 | $3.42B | 11.5 |
| 223 | APOG | Apogee Enterprises, Inc. | Industrials | 0.16% | $202,441.46 | $864.7M | 13.1 |
| 224 | GNTX | Gentex Corporation | Consumer Cyclical | 0.16% | $200,417.04 | $4.43B | 11.1 |
| 225 | LECO | Lincoln Electric Holdings, Inc. | Industrials | 0.16% | $200,417.04 | $14.29B | 26.2 |
| 226 | PRLB | Proto Labs, Inc. | Industrials | 0.16% | $200,290.52 | $2.05B | 68.0 |
| 227 | APG | APi Group Corporation | Industrials | 0.16% | $200,163.99 | $17.35B | — |
| 228 | CHE | Chemed Corporation | Healthcare | 0.16% | $200,037.47 | $6.70B | 25.8 |
| 229 | ACM | AECOM | Industrials | 0.16% | $199,657.89 | $7.59B | 20.8 |
| 230 | INGR | Ingredion Incorporated | Consumer Defensive | 0.16% | $198,013.05 | $6.18B | 10.7 |
| 231 | BYD | Boyd Gaming Corporation | Consumer Cyclical | 0.16% | $197,253.90 | $5.09B | 3.1 |
| 232 | CHRD | Chord Energy Corporation | Energy | 0.16% | $196,494.74 | $8.45B | 10.4 |
| 233 | MYRG | MYR Group Inc. | Industrials | 0.15% | $196,115.16 | $4.36B | 26.6 |
| 234 | MGY | Magnolia Oil & Gas Corporation | Energy | 0.15% | $193,837.70 | $6.96B | 11.1 |
| 235 | CBRL | Cracker Barrel Old Country Store, Inc. | Consumer Cyclical | 0.15% | $187,384.87 | $1.54B | 49.3 |
| 236 | VICR | Vicor Corporation | Technology | 0.15% | $183,715.62 | $8.83B | 61.2 |
| 237 | DAN | Dana Incorporated | Consumer Cyclical | 0.14% | $182,956.47 | $3.12B | — |
| 238 | OVV | Ovintiv Inc. | Energy | 0.14% | $182,703.42 | $19.18B | 19.3 |
| 239 | AFG | American Financial Group, Inc. | Financial Services | 0.14% | $180,046.37 | $12.37B | 13.0 |
| 240 | SM | SM Energy Company | Energy | 0.14% | $179,666.79 | $9.40B | 7.0 |
| 241 | CCK | Crown Holdings, Inc. | Consumer Cyclical | 0.14% | $179,413.74 | $12.42B | 16.4 |
| 242 | YZ8 | Permian Resources Corporation | Energy | 0.14% | $177,515.85 | — | — |
| 243 | RDN | Radian Group Inc. | Financial Services | 0.14% | $177,009.75 | $4.50B | 8.4 |
| 244 | NWN | Northwest Natural Holding Company | Utilities | 0.14% | $174,226.18 | $2.06B | 16.3 |
| 245 | HCI | HCI Group, Inc. | Financial Services | 0.14% | $173,213.97 | $2.47B | 8.6 |
| 246 | AEIS | Advanced Energy Industries, Inc. | Industrials | 0.14% | $173,087.45 | $9.53B | 44.1 |
| 247 | RELY_old | RELY | Technology | 0.14% | $172,834.39 | — | — |
| 248 | TKR | The Timken Company | Industrials | 0.14% | $171,948.71 | $7.79B | 30.5 |
| 249 | ECPG | Encore Capital Group, Inc. | Financial Services | 0.14% | $171,695.66 | $2.16B | 7.7 |
| 250 | PGNY | Progyny, Inc. | Healthcare | 0.14% | $170,809.98 | $2.06B | 29.2 |
| 251 | ENR | Energizer Holdings, Inc. | Industrials | 0.13% | $168,659.04 | $1.49B | 18.2 |
| 252 | MIDD | The Middleby Corporation | Industrials | 0.13% | $168,026.41 | $4.87B | — |
| 253 | DLX | Deluxe Corporation | Industrials | 0.13% | $167,393.78 | $1.06B | 10.6 |
| 254 | REYN | Reynolds Consumer Products Inc. | Consumer Cyclical | 0.13% | $167,140.73 | $4.81B | 13.9 |
| 255 | PINS | Pinterest, Inc | Communication Services | 0.13% | $166,381.57 | $12.41B | 64.4 |
| 256 | MGEE | MGE Energy, Inc. | Utilities | 0.13% | $165,622.42 | $2.73B | 17.8 |
| 257 | CRUS | Cirrus Logic, Inc. | Technology | 0.13% | $165,622.42 | $5.41B | 13.1 |
| 258 | CFFN | Capitol Federal Financial, Inc. | Financial Services | 0.13% | $165,242.84 | $1.01B | 12.6 |
| 259 | BDC | Belden Inc. | Technology | 0.13% | $164,989.79 | $4.02B | 16.7 |
| 260 | AAP | Advance Auto Parts, Inc. | Consumer Cyclical | 0.13% | $159,802.23 | $2.68B | 24.7 |
| 261 | LSTR | Landstar System, Inc. | Industrials | 0.13% | $159,675.70 | $5.83B | 44.5 |
| 262 | KMX | CarMax, Inc. | Consumer Cyclical | 0.13% | $159,675.70 | $7.57B | 25.3 |
| 263 | AGX | Argan, Inc. | Industrials | 0.13% | $159,296.12 | $4.85B | 27.3 |
| 264 | SMG | The Scotts Miracle-Gro Company | Basic Materials | 0.12% | $158,157.39 | $3.18B | 19.5 |
| 265 | UCTT | Ultra Clean Holdings, Inc. | Technology | 0.12% | $155,120.77 | $2.31B | — |
| 266 | AWI | Armstrong World Industries, Inc. | Industrials | 0.12% | $152,463.72 | $7.11B | 23.0 |
| 267 | MATX | Matson, Inc. | Industrials | 0.12% | $152,463.72 | $7.03B | 15.8 |
| 268 | IOSP | Innospec Inc. | Basic Materials | 0.12% | $152,210.67 | $2.38B | 19.8 |
| 269 | HP | Helmerich & Payne, Inc. | Energy | 0.12% | $151,704.57 | $3.74B | — |
| 270 | ANDE | The Andersons, Inc. | Consumer Defensive | 0.12% | $150,945.41 | $2.21B | 12.5 |
| 271 | BILL | Bill.com Holdings, Inc. | Technology | 0.12% | $148,414.89 | $3.89B | — |
| 272 | AIT | Applied Industrial Technologies, Inc. | Industrials | 0.12% | $148,161.84 | $12.14B | 30.2 |
| 273 | CNK | Cinemark Holdings, Inc | Communication Services | 0.12% | $148,035.32 | $4.46B | 21.4 |
| 274 | NSIT | Insight Enterprises, Inc. | Technology | 0.12% | $147,402.69 | $4.71B | 23.6 |
| 275 | CBSH | Commerce Bancshares, Inc. | Financial Services | 0.12% | $146,390.48 | $7.99B | 13.6 |
| 276 | NEU | NewMarket Corporation | Basic Materials | 0.12% | $146,137.43 | $8.06B | 18.9 |
| 277 | CLF | Cleveland-Cliffs Inc. | Basic Materials | 0.12% | $145,757.85 | $6.91B | — |
| 278 | CYTK | Cytokinetics, Incorporated | Healthcare | 0.12% | $145,631.32 | $8.61B | — |
| 279 | CNMD | CONMED Corporation | Healthcare | 0.11% | $145,125.22 | $1.40B | 25.3 |
| 280 | PK | Park Hotels & Resorts Inc. | Real Estate | 0.11% | $144,872.17 | $3.20B | — |
| 281 | REZI | Resideo Technologies, Inc. | Industrials | 0.11% | $140,823.34 | $2.50B | 6.9 |
| 282 | LIVN | LivaNova PLC | Healthcare | 0.11% | $139,937.66 | $4.26B | 23.0 |
| 283 | VYX | NCR Voyix Corporation | Technology | 0.11% | $139,684.61 | $1.05B | 27.1 |
| 284 | CRI | Carter's, Inc. | Consumer Cyclical | 0.11% | $139,431.55 | $1.15B | 5.9 |
| 285 | SITM | SiTime Corporation | Technology | 0.11% | $139,305.03 | $14.14B | 843.1 |
| 286 | ENVA | Enova International, Inc. | Financial Services | 0.11% | $138,672.40 | $4.43B | 13.3 |
| 287 | STRL | Sterling Infrastructure, Inc. | Industrials | 0.11% | $137,407.14 | $12.98B | 30.6 |
| 288 | GSHD | Goosehead Insurance, Inc | Financial Services | 0.11% | $137,027.56 | $1.66B | 33.6 |
| 289 | URBN | Urban Outfitters, Inc. | Consumer Cyclical | 0.11% | $136,901.04 | $7.42B | 13.5 |
| 290 | BJ | BJ's Wholesale Club Holdings, Inc. | Consumer Defensive | 0.11% | $136,774.51 | $13.00B | 21.7 |
| 291 | KWR | Quaker Chemical Corporation | Basic Materials | 0.11% | $136,015.35 | $2.70B | 28.0 |
| 292 | DKS | DICK'S Sporting Goods, Inc. | Consumer Cyclical | 0.11% | $135,888.83 | $14.22B | 15.7 |
| 293 | AMN | AMN Healthcare Services, Inc. | Healthcare | 0.11% | $135,635.78 | $1.57B | 15.1 |
| 294 | AZTA | Azenta, Inc. | Healthcare | 0.11% | $135,256.20 | $1.49B | — |
| 295 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 0.11% | $135,003.15 | $8.93B | 11.7 |
| 296 | MD | Pediatrix Medical Group, Inc. | Healthcare | 0.10% | $132,599.15 | $2.22B | 13.1 |
| 297 | AEO | American Eagle Outfitters, Inc. | Consumer Cyclical | 0.10% | $132,472.63 | $3.01B | 9.2 |
| 298 | DCI | Donaldson Company, Inc. | Industrials | 0.10% | $132,472.63 | $10.19B | 22.8 |
| 299 | HRB | H&R Block, Inc. | Consumer Cyclical | 0.10% | $132,346.10 | $5.96B | 8.6 |
| 300 | TNDM | Tandem Diabetes Care, Inc. | Healthcare | 0.10% | $131,966.53 | $1.13B | — |
| 301 | VAL | Valaris Limited | Energy | 0.10% | $131,207.37 | $5.92B | 6.4 |
| 302 | LEA | Lear Corporation | Consumer Cyclical | 0.10% | $131,080.84 | $5.92B | 11.2 |
| 303 | CENTA | Central Garden & Pet Company | Consumer Defensive | 0.10% | $130,574.74 | $2.27B | 13.4 |
| 304 | BRC | Brady Corporation | Industrials | 0.10% | $130,574.74 | $3.84B | 19.1 |
| 305 | HRI | Herc Holdings Inc. | Industrials | 0.10% | $129,815.58 | $4.06B | 79.5 |
| 306 | LCII | LCI Industries | Consumer Cyclical | 0.10% | $129,689.06 | $2.04B | 9.8 |
| 307 | HRMY | Harmony Biosciences Holdings, Inc. | Healthcare | 0.10% | $129,562.53 | $2.21B | 12.2 |
| 308 | NEO | NeoGenomics, Inc. | Healthcare | 0.10% | $129,562.53 | $2.14B | — |
| 309 | KAR | KAR Auction Services Inc | Consumer Cyclical | 0.10% | $129,309.48 | — | — |
| 310 | NGVT | Ingevity Corporation | Basic Materials | 0.10% | $129,182.96 | $2.40B | 99.7 |
| 311 | CNM | Core & Main, Inc. | Industrials | 0.10% | $128,929.90 | $7.74B | 17.3 |
| 312 | TALO | Talos Energy Inc. | Energy | 0.10% | $126,778.96 | $2.97B | — |
| 313 | HAE | Haemonetics Corporation | Healthcare | 0.10% | $125,260.65 | $5.38B | 57.1 |
| 314 | AIR | AAR Corp. | Industrials | 0.10% | $125,007.60 | $3.97B | 20.3 |
| 315 | BWA | BorgWarner Inc. | Consumer Cyclical | 0.10% | $122,477.08 | $11.84B | 29.1 |
| 316 | PII | Polaris Inc. | Consumer Cyclical | 0.10% | $122,350.56 | $2.97B | — |
| 317 | ECG | Everus Construction Group Inc | Industrials | 0.10% | $121,591.40 | $5.60B | 22.1 |
| 318 | FOUR | Shift4 Payments, Inc. | Technology | 0.10% | $121,464.87 | $3.11B | 62.6 |
| 319 | KNSL | Kinsale Capital Group, Inc. | Financial Services | 0.10% | $121,338.35 | $8.32B | 14.8 |
| 320 | THG | The Hanover Insurance Group, Inc. | Financial Services | 0.10% | $121,211.82 | $8.11B | 11.2 |
| 321 | CTRE | CareTrust REIT, Inc. | Real Estate | 0.10% | $120,199.62 | $8.64B | 22.8 |
| 322 | KLIC | Kulicke and Soffa Industries, Inc. | Technology | 0.09% | $117,795.62 | $4.11B | 36.1 |
| 323 | OPCH | Option Care Health, Inc. | Healthcare | 0.09% | $116,783.42 | $4.67B | 23.6 |
| 324 | EVTC | EVERTEC, Inc. | Technology | 0.09% | $115,518.16 | $1.86B | 20.3 |
| 325 | LAD | Lithia Motors, Inc. | Consumer Cyclical | 0.09% | $114,505.95 | $6.49B | 9.8 |
| 326 | GVA | Granite Construction Incorporated | Industrials | 0.09% | $112,481.53 | $4.88B | — |
| 327 | NOV | NOV Inc. | Energy | 0.09% | $111,722.38 | $6.75B | 70.1 |
| 328 | MAT | Mattel, Inc. | Consumer Cyclical | 0.09% | $111,469.33 | $4.91B | 12.6 |
| 329 | MKTX | MarketAxess Holdings Inc. | Financial Services | 0.09% | $108,179.65 | $5.79B | 19.5 |
| 330 | EVR | Evercore Inc. | Financial Services | 0.08% | $106,028.71 | $9.77B | 14.3 |
| 331 | WING | Wingstop Inc. | Consumer Cyclical | 0.08% | $105,902.19 | $3.59B | 31.2 |
| 332 | BFH | Bread Financial Holdings, Inc. | Financial Services | 0.08% | $105,902.19 | $3.94B | 8.0 |
| 333 | BKE | The Buckle, Inc. | Consumer Cyclical | 0.08% | $104,889.98 | $2.40B | 10.7 |
| 334 | AIN | Albany International Corp. | Consumer Cyclical | 0.08% | $104,763.45 | $1.72B | — |
| 335 | UPBD | Upbound Group, Inc. | Technology | 0.08% | $104,383.88 | $954.4M | 10.6 |
| 336 | ROIV | Roivant Sciences Ltd. | Healthcare | 0.08% | $104,130.82 | $24.22B | — |
| 337 | PRDO | Perdoceo Education Corporation | Consumer Defensive | 0.08% | $104,004.30 | $2.11B | 12.3 |
| 338 | BMI | Badger Meter, Inc. | Technology | 0.08% | $103,877.77 | $3.67B | 29.6 |
| 339 | GEO | The GEO Group, Inc. | Industrials | 0.08% | $103,751.25 | $3.77B | 13.5 |
| 340 | DGII | Digi International Inc. | Technology | 0.08% | $103,118.62 | $2.65B | 55.5 |
| 341 | ICHR | Ichor Holdings, Ltd. | Technology | 0.08% | $102,739.04 | $1.58B | — |
| 342 | GBX | The Greenbrier Companies, Inc. | Industrials | 0.08% | $102,485.99 | $1.21B | 11.6 |
| 343 | AAL | American Airlines Group Inc. | Industrials | 0.08% | $102,485.99 | $7.86B | — |
| 344 | LYFT | Lyft, Inc. | Technology | 0.08% | $102,232.94 | $6.37B | 2.5 |
| 345 | SIRI | Sirius XM Holdings Inc | Communication Services | 0.08% | $101,979.88 | $9.09B | 10.8 |
| 346 | KSS | Kohl's Corporation | Consumer Cyclical | 0.08% | $101,347.25 | $2.45B | 9.6 |
| 347 | FCF | First Commonwealth Financial Corporation | Financial Services | 0.08% | $100,967.68 | $2.06B | 12.5 |
| 348 | COLB | Columbia Banking System, Inc. | Financial Services | 0.08% | $100,841.15 | $8.05B | 11.2 |
| 349 | US50012A1088 | KODIAK GAS SERVICES INC | Other | 0.08% | $100,714.63 | — | — |
| 350 | DBX | Dropbox, Inc. | Technology | 0.08% | $100,714.63 | $7.73B | 19.7 |
| 351 | WT | WisdomTree, Inc. | Financial Services | 0.08% | $100,588.10 | $3.24B | 38.9 |
| 352 | ELAN | Elanco Animal Health Incorporated | Healthcare | 0.08% | $100,588.10 | $11.76B | — |
| 353 | TMDX | TransMedics Group, Inc. | Healthcare | 0.08% | $97,171.90 | $2.45B | 18.3 |
| 354 | CTS | CTS Corporation | Technology | 0.07% | $93,629.17 | $1.57B | 23.0 |
| 355 | G | Genpact Limited | Technology | 0.07% | $92,237.39 | $6.23B | 11.1 |
| 356 | WTFC | Wintrust Financial Corporation | Financial Services | 0.07% | $91,857.81 | $9.72B | 11.6 |
| 357 | CBT | Cabot Corporation | Basic Materials | 0.07% | $90,466.03 | $3.84B | 20.8 |
| 358 | HAFC | Hanmi Financial Corporation | Financial Services | 0.07% | $90,086.45 | $922.7M | 10.5 |
| 359 | SKY | Skyline Champion Corporation | Consumer Cyclical | 0.07% | $89,833.40 | $4.22B | 22.7 |
| 360 | WS | Worthington Steel, Inc. | Basic Materials | 0.07% | $89,327.29 | $1.99B | — |
| 361 | WLY | John Wiley & Sons Inc. | Services | 0.07% | $89,327.29 | $2.67B | 14.2 |
| 362 | GGG | Graco Inc. | Industrials | 0.07% | $89,200.77 | $13.28B | 25.8 |
| 363 | BCPC | Balchem Corporation | Basic Materials | 0.07% | $88,568.14 | $5.44B | 33.6 |
| 364 | KOP | Koppers Holdings Inc. | Basic Materials | 0.07% | $88,062.03 | $819.2M | — |
| 365 | EZPW | EZCORP, Inc. | Financial Services | 0.07% | $87,808.98 | $2.03B | 16.6 |
| 366 | CXW | CoreCivic, Inc. | Industrials | 0.07% | $87,049.83 | $3.03B | 24.5 |
| 367 | VNT | Vontier Corporation | Technology | 0.07% | $86,037.62 | $4.51B | 13.8 |
| 368 | RRX | Regal Rexnord Corporation | Industrials | 0.07% | $83,127.52 | $10.25B | 31.7 |
| 369 | NEOG | Neogen Corporation | Healthcare | 0.07% | $83,001.00 | $2.58B | — |
| 370 | EGP | EastGroup Properties, Inc. | Real Estate | 0.07% | $82,494.89 | $10.56B | 34.5 |
| 371 | ALV | Autoliv, Inc. | Consumer Cyclical | 0.06% | $81,735.74 | $8.35B | 13.7 |
| 372 | WWW | Wolverine World Wide, Inc. | Consumer Cyclical | 0.06% | $81,609.21 | $1.62B | 15.3 |
| 373 | WTS | Watts Water Technologies, Inc. | Industrials | 0.06% | $81,482.69 | $11.91B | 31.2 |
| 374 | LGND | Ligand Pharmaceuticals Incorporated | Healthcare | 0.06% | $81,482.69 | $5.89B | 31.1 |
| 375 | PAYO | Payoneer Global Inc. | Technology | 0.06% | $81,356.16 | $2.41B | 50.9 |
| 376 | TRST | TrustCo Bank Corp NY | Financial Services | 0.06% | $79,837.85 | $924.8M | 15.1 |
| 377 | DOCS | Doximity, Inc. | Healthcare | 0.06% | $78,825.64 | $5.52B | 36.4 |
| 378 | IRDM | Iridium Communications Inc | Communication Services | 0.06% | $77,813.44 | $4.64B | 49.7 |
| 379 | TCBI | Texas Capital Bancshares, Inc. | Financial Services | 0.06% | $77,560.38 | $3.96B | 12.0 |
| 380 | PRK | Park National Corporation | Financial Services | 0.06% | $77,307.33 | $3.23B | 16.0 |
| 381 | MCY | Mercury General Corporation | Financial Services | 0.06% | $76,548.18 | $5.69B | 6.1 |
| 382 | AM | Antero Midstream Corporation | Energy | 0.06% | $76,042.07 | $9.80B | 24.9 |
| 383 | PDFS | PDF Solutions, Inc. | Technology | 0.06% | $75,789.02 | $1.66B | 156.9 |
| 384 | SONO | Sonos, Inc. | Technology | 0.06% | $75,662.49 | $2.05B | 38.5 |
| 385 | THRM | Gentherm Incorporated | Consumer Cyclical | 0.06% | $75,156.39 | $1.58B | 33.8 |
| 386 | JBSS | John B. Sanfilippo & Son, Inc. | Consumer Defensive | 0.06% | $74,903.34 | $780.7M | 12.7 |
| 387 | FAF | First American Financial Corporation | Financial Services | 0.06% | $71,613.67 | $6.63B | 9.0 |
| 388 | BOX | Box, Inc. | Technology | 0.06% | $70,601.46 | $5.43B | 57.3 |
| 389 | COLL | Collegium Pharmaceutical, Inc. | Healthcare | 0.06% | $70,474.93 | $755.0M | 18.3 |
| 390 | UTL | Unitil Corporation | Utilities | 0.06% | $69,589.25 | $986.1M | 17.1 |
| 391 | CAR | Avis Budget Group, Inc. | Industrials | 0.05% | $69,336.20 | $3.63B | — |
| 392 | SOLS | Solstice Advanced Materials, Inc | Basic Materials | 0.05% | $66,932.21 | $9.41B | 44.9 |
| 393 | PTGX | Protagonist Therapeutics, Inc. | Healthcare | 0.05% | $66,426.10 | $8.33B | 125.0 |
| 394 | LW | Lamb Weston Holdings, Inc. | Consumer Defensive | 0.05% | $66,299.58 | $7.38B | 29.3 |
| 395 | DRH | DiamondRock Hospitality Company | Real Estate | 0.05% | $66,173.05 | $2.76B | 18.6 |
| 396 | WMS | Advanced Drainage Systems, Inc. | Industrials | 0.05% | $65,540.42 | $9.67B | 21.8 |
| 397 | SWKS | Skyworks Solutions, Inc. | Technology | 0.05% | $65,413.90 | $18.74B | 41.3 |
| 398 | CELH | Celsius Holdings, Inc. | Consumer Defensive | 0.05% | $65,160.84 | $7.13B | 122.6 |
| 399 | DOCN | DigitalOcean Holdings, Inc. | Technology | 0.05% | $64,781.27 | $11.60B | 45.5 |
| 400 | POWI | Power Integrations, Inc. | Technology | 0.05% | $64,401.69 | $2.49B | 101.1 |
| 401 | HAYW | Hayward Holdings, Inc. | Industrials | 0.05% | $63,769.06 | $2.51B | 16.2 |
| 402 | FHI | Federated Hermes, Inc. | Financial Services | 0.05% | $63,642.53 | $4.18B | 10.4 |
| 403 | MUR | Murphy Oil Corporation | Energy | 0.05% | $58,454.97 | $5.98B | 20.7 |
| 404 | MMSI | Merit Medical Systems, Inc. | Healthcare | 0.05% | $57,569.29 | $5.33B | 36.7 |
| 405 | MARA | Marathon Digital Holdings, Inc. | Financial Services | 0.05% | $57,442.76 | $2.91B | — |
| 406 | UTI | Universal Technical Institute, Inc. | Consumer Defensive | 0.04% | $56,683.61 | $1.13B | 34.3 |
| 407 | UNF | UniFirst Corporation | Industrials | 0.04% | $56,430.56 | $4.76B | 41.5 |
| 408 | NMIH | NMI Holdings, Inc. | Financial Services | 0.04% | $56,304.03 | $3.06B | 8.0 |
| 409 | TDW | Tidewater Inc. | Energy | 0.04% | $55,671.40 | $3.96B | 16.2 |
| 410 | PLMR | Palomar Holdings, Inc. | Financial Services | 0.04% | $55,038.77 | $3.70B | 18.8 |
| 411 | CENX | Century Aluminum Company | Basic Materials | 0.04% | $55,038.77 | $3.47B | 6.1 |
| 412 | VGNT | Versigent PLC | Consumer Cyclical | 0.04% | $55,038.77 | $3.13B | 6.5 |
| 413 | SDGR | Schrödinger, Inc. | Healthcare | 0.04% | $54,912.25 | $1.69B | — |
| 414 | RDNT | RadNet, Inc. | Healthcare | 0.04% | $54,659.19 | $5.41B | — |
| 415 | PTEN | Patterson-UTI Energy, Inc. | Energy | 0.04% | $54,659.19 | $4.37B | — |
| 416 | IPGP | IPG Photonics Corporation | Technology | 0.04% | $54,532.67 | $3.02B | 109.2 |
| 417 | MSEX | Middlesex Water Company | Utilities | 0.04% | $54,406.14 | $1.03B | 21.1 |
| 418 | SEZL | Sezzle Inc. | Financial Services | 0.04% | $54,279.62 | $4.31B | 28.0 |
| 419 | DAVE | Dave Inc. | Technology | 0.04% | $54,153.09 | $4.69B | 23.7 |
| 420 | KN | Knowles Corporation | Technology | 0.04% | $53,520.46 | $2.86B | 39.9 |
| 421 | IDCC | InterDigital, Inc | Technology | 0.04% | $53,267.41 | $8.24B | 37.3 |
| 422 | ATR | AptarGroup, Inc. | Healthcare | 0.04% | $52,761.30 | $7.92B | 22.5 |
| 423 | SF | Stifel Financial Corp. | Financial Services | 0.04% | $52,761.30 | $10.20B | 12.1 |
| 424 | HL | Hecla Mining Company | Basic Materials | 0.04% | $52,634.78 | $10.28B | 19.9 |
| 425 | FTRE | Fortrea Holdings Inc. | Healthcare | 0.04% | $52,634.78 | $2.14B | — |
| 426 | BHE | Benchmark Electronics, Inc. | Technology | 0.04% | $52,255.20 | $2.54B | 48.4 |
| 427 | OSK | Oshkosh Corporation | Industrials | 0.04% | $52,128.68 | $7.84B | 14.5 |
| 428 | FMC | FMC Corporation | Basic Materials | 0.04% | $51,496.05 | $880.4M | — |
| 429 | WLK | Westlake Corporation | Basic Materials | 0.04% | $51,369.52 | $8.09B | — |
| 430 | BHLB | Berkshire Hills Bancorp Inc | Financial Services | 0.04% | $51,242.99 | — | — |
| 431 | ZWS | Zurn Elkay Water Solutions Corporation | Industrials | 0.04% | $49,724.68 | $7.81B | 29.2 |
| 432 | HOPE | Hope Bancorp, Inc. | Financial Services | 0.04% | $49,598.16 | $1.72B | 13.0 |
| 433 | RUN | Sunrun Inc. | Technology | 0.04% | $49,218.58 | $1.76B | 4.9 |
| 434 | IBOC | International Bancshares Corporation | Financial Services | 0.04% | $48,712.48 | $4.19B | 10.2 |
| 435 | DUOL | Duolingo, Inc. | Technology | 0.04% | $48,712.48 | $6.61B | 16.8 |
| 436 | ALHC | Alignment Healthcare, Inc. | Healthcare | 0.04% | $48,459.42 | $1.72B | 43.6 |
| 437 | CHEF | The Chefs' Warehouse, Inc. | Consumer Defensive | 0.04% | $45,549.33 | $4.63B | 54.1 |
| 438 | OGN | Organon & Co. | Healthcare | 0.04% | $45,296.28 | $3.61B | 17.6 |
| 439 | INVA | Innoviva, Inc. | Healthcare | 0.04% | $44,916.70 | $1.50B | 4.9 |
| 440 | TPX | Tempur Sealy International Inc | Consumer Cyclical | 0.04% | $44,790.17 | — | — |
| 441 | PI | Impinj, Inc. | Technology | 0.04% | $44,537.12 | $5.36B | — |
| 442 | ACHC | Acadia Healthcare Company, Inc. | Healthcare | 0.04% | $44,410.59 | $2.79B | — |
| 443 | PENG | Penguin Solutions, Inc. | Technology | 0.04% | $44,410.59 | $2.93B | 22.0 |
| 444 | LOPE | Grand Canyon Education, Inc. | Consumer Defensive | 0.04% | $44,284.07 | $4.21B | 19.6 |
| 445 | ASB | Associated Banc-Corp | Financial Services | 0.03% | $42,386.18 | $5.47B | 10.1 |
| 446 | ASTH | Astrana Health, Inc. | Healthcare | 0.03% | $42,133.13 | $1.83B | 44.3 |
| 447 | KALU | Kaiser Aluminum Corporation | Basic Materials | 0.03% | $42,133.13 | $2.41B | 10.9 |
| 448 | WABC | Westamerica Bancorporation | Financial Services | 0.03% | $41,753.55 | $1.42B | 13.6 |
| 449 | EIG | Employers Holdings, Inc. | Financial Services | 0.03% | $41,500.50 | $919.8M | 68.3 |
| 450 | PBI | Pitney Bowes Inc. | Industrials | 0.03% | $41,373.97 | $2.34B | 13.9 |
| 451 | VECO | Veeco Instruments Inc. | Technology | 0.03% | $41,247.45 | $2.61B | 115.5 |
| 452 | KMT | Kennametal Inc. | Industrials | 0.03% | $41,120.92 | $2.35B | 7.0 |
| 453 | PLUS | ePlus inc. | Technology | 0.03% | $41,120.92 | $2.45B | 20.2 |
| 454 | MWA | Mueller Water Products, Inc. | Industrials | 0.03% | $41,120.92 | $3.40B | 15.3 |
| 455 | INVX | Innovex International, Inc | Energy | 0.03% | $40,994.40 | $1.96B | 31.5 |
| 456 | GXO | GXO Logistics, Inc. | Industrials | 0.03% | $40,867.87 | $5.41B | 41.8 |
| 457 | JBT | John Bean Technologies Corporation | Industrials | 0.03% | $40,741.34 | — | — |
| 458 | EYE | National Vision Holdings, Inc. | Consumer Cyclical | 0.03% | $40,361.77 | $1.38B | 28.1 |
| 459 | VSTS | Vestis Corporation | Industrials | 0.03% | $40,361.77 | $1.83B | — |
| 460 | SBCF | Seacoast Banking Corporation of Florida | Financial Services | 0.03% | $40,235.24 | $3.15B | 21.0 |
| 461 | ESE | ESCO Technologies Inc. | Technology | 0.03% | $39,602.61 | $6.45B | 46.2 |
| 462 | MRCY | Mercury Systems, Inc. | Industrials | 0.03% | $39,223.03 | $4.52B | — |
| 463 | FELE | Franklin Electric Co., Inc. | Industrials | 0.03% | $38,590.40 | $4.43B | 28.9 |
| 464 | TEX | Terex Corporation | Industrials | 0.03% | $38,210.83 | $5.83B | 24.4 |
| 465 | STAA | STAAR Surgical Company | Healthcare | 0.03% | $38,210.83 | $1.07B | 265.9 |
| 466 | SEIC | SEI Investments Company | Financial Services | 0.03% | $38,084.30 | $12.53B | 18.4 |
| 467 | CFR | Cullen/Frost Bankers, Inc. | Financial Services | 0.03% | $37,578.20 | $9.64B | 14.7 |
| 468 | VIAV | Viavi Solutions Inc. | Technology | 0.03% | $34,415.05 | $8.21B | — |
| 469 | PLAB | Photronics, Inc. | Technology | 0.03% | $34,035.47 | $1.62B | 9.8 |
| 470 | OSIS | OSI Systems, Inc. | Technology | 0.03% | $33,655.89 | $3.11B | 21.8 |
| 471 | DV | DoubleVerify Holdings, Inc. | Communication Services | 0.03% | $32,517.16 | $2.11B | 38.5 |
| 472 | GATX | GATX Corporation | Industrials | 0.03% | $31,631.48 | $5.84B | 16.4 |
| 473 | SFNC | Simmons First National Corporation | Financial Services | 0.02% | $31,378.43 | $3.19B | — |
| 474 | AAYA | ANNALY CAP.MGMT DL -01 | Other | 0.02% | $31,125.37 | — | — |
| 475 | TRMK | Trustmark Corporation | Financial Services | 0.02% | $30,619.27 | $2.61B | 11.4 |
| 476 | SRPT | Sarepta Therapeutics, Inc. | Healthcare | 0.02% | $29,860.11 | $1.81B | — |
| 477 | SPNT | SiriusPoint Ltd. | Financial Services | 0.02% | $29,100.96 | $2.92B | 6.2 |
| 478 | NTCT | NetScout Systems, Inc. | Technology | 0.02% | $29,100.96 | $2.77B | 23.4 |
| 479 | HWC | Hancock Whitney Corporation | Financial Services | 0.02% | $28,974.43 | $5.86B | 14.3 |
| 480 | TFX | Teleflex Incorporated | Healthcare | 0.02% | $28,974.43 | $5.53B | — |
| 481 | BANF | BancFirst Corporation | Financial Services | 0.02% | $28,847.91 | $3.66B | 14.7 |
| 482 | VVV | Valvoline Inc. | Consumer Cyclical | 0.02% | $28,721.38 | $4.01B | 38.8 |
| 483 | RGEN | Repligen Corporation | Healthcare | 0.02% | $27,835.70 | $11.14B | 240.3 |
| 484 | NE | Noble Corporation | Energy | 0.02% | $27,582.65 | $7.04B | 46.9 |
| 485 | DIOD | Diodes Incorporated | Technology | 0.02% | $27,329.60 | $3.82B | 44.3 |
| 486 | DXPE | DXP Enterprises, Inc. | Industrials | 0.02% | $27,203.07 | $2.73B | 30.9 |
| 487 | REX | REX American Resources Corporation | Basic Materials | 0.02% | $27,203.07 | $1.38B | 11.4 |
| 488 | AZZ | AZZ Inc. | Industrials | 0.02% | $27,076.54 | $3.89B | 23.3 |
| 489 | DORM | Dorman Products, Inc. | Consumer Cyclical | 0.02% | $26,823.49 | $3.68B | 17.2 |
| 490 | ZION | Zions Bancorporation, NA | Financial Services | 0.02% | $26,823.49 | $9.25B | 8.1 |
| 491 | HUBG | Hub Group, Inc. | Industrials | 0.02% | $26,443.92 | $1.62B | 15.2 |
| 492 | ATEN | A10 Networks, Inc. | Technology | 0.02% | $26,190.86 | $1.78B | 42.2 |
| 493 | ALGM | Allegro MicroSystems, Inc. | Technology | 0.02% | $26,064.34 | $5.89B | 527.0 |
| 494 | PFGC | Performance Food Group Company | Consumer Defensive | 0.02% | $25,811.29 | $15.36B | 42.7 |
| 495 | FR | First Industrial Realty Trust, Inc. | Real Estate | 0.02% | $25,558.23 | $8.05B | 21.4 |
| 496 | AMPH | Amphastar Pharmaceuticals, Inc. | Healthcare | 0.02% | $25,305.18 | $1.10B | 15.3 |
| 497 | HCC | Warrior Met Coal, Inc. | Basic Materials | 0.02% | $25,178.66 | $4.75B | 21.6 |
| 498 | UVV | Universal Corporation | Consumer Defensive | 0.02% | $24,166.45 | $1.01B | 53.5 |
| 499 | SANM | Sanmina Corporation | Technology | 0.02% | $23,913.40 | $9.42B | 31.4 |
| 500 | VSH | Vishay Intertechnology, Inc. | Technology | 0.02% | $21,382.88 | $4.25B | 145.8 |
| 501 | ADAM | New York Mortgage Trust, Inc. | Real Estate | 0.02% | $21,003.30 | $686.7M | 4.5 |
| 502 | TBBK | The Bancorp, Inc. | Financial Services | 0.02% | $20,876.78 | $2.02B | 9.3 |
| 503 | FSS | Federal Signal Corporation | Industrials | 0.02% | $20,876.78 | $6.86B | 24.2 |
| 504 | ADMA | ADMA Biologics, Inc. | Healthcare | 0.02% | $20,750.25 | $2.39B | 15.3 |
| 505 | FIVN | Five9, Inc. | Technology | 0.02% | $20,117.62 | $2.41B | 46.7 |
| 506 | FNB | F.N.B. Corporation | Financial Services | 0.02% | $19,991.09 | $6.08B | 10.3 |
| 507 | CALX | Calix, Inc. | Technology | 0.02% | $19,864.57 | $2.30B | 48.7 |
| 508 | FND | Floor & Decor Holdings, Inc. | Consumer Cyclical | 0.01% | $18,599.31 | $4.82B | 21.1 |
| 509 | BCO | The Brink's Company | Industrials | 0.01% | $18,472.78 | $4.31B | 24.3 |
| 510 | NBTB | NBT Bancorp Inc. | Financial Services | 0.01% | $17,966.68 | $2.64B | 12.4 |
| 511 | BKU | BankUnited, Inc. | Financial Services | 0.01% | $16,574.89 | $2.99B | 11.5 |
| 512 | ACAD | ACADIA Pharmaceuticals Inc. | Healthcare | 0.01% | $16,448.37 | $3.29B | 8.6 |
| 513 | AVA | Avista Corporation | Utilities | 0.01% | $14,930.06 | $3.07B | 13.2 |
| 514 | OZK | Bank OZK | Financial Services | 0.01% | $14,297.43 | $5.03B | 7.6 |
| 515 | OII | Oceaneering International, Inc. | Energy | 0.01% | $13,917.85 | $4.36B | 12.7 |
| 516 | ARCB | ArcBest Corporation | Industrials | 0.01% | $13,791.32 | $2.91B | 188.4 |
| 517 | DT | Dynatrace, Inc. | Technology | 0.01% | $12,399.54 | $17.66B | 122.2 |
| 518 | LMAT | LeMaitre Vascular, Inc. | Healthcare | 0.01% | $12,273.01 | $1.85B | 28.4 |
| 519 | FLG | Flagstar Financial, Inc. | Financial Services | 0.01% | $12,146.49 | $4.60B | 369.3 |
| 520 | SAFT | Safety Insurance Group, Inc. | Financial Services | 0.01% | $12,019.96 | $1.53B | 22.3 |
| 521 | MLKN | MillerKnoll, Inc. | Consumer Cyclical | 0.01% | $11,387.33 | $1.45B | 14.9 |
| 522 | ANIP | ANI Pharmaceuticals, Inc. | Healthcare | 0.01% | $11,387.33 | $1.66B | 15.6 |
| 523 | ARR | ARMOUR Residential REIT, Inc. | Real Estate | 0.01% | $10,754.70 | $1.87B | 3.3 |
| 524 | AROC | Archrock, Inc. | Energy | 0.01% | $10,248.60 | $5.18B | 15.9 |
| 525 | PVH | PVH Corp. | Consumer Cyclical | 0.01% | $7,718.08 | $3.91B | — |
| 526 | FRPT | Freshpet, Inc. | Consumer Defensive | 0.01% | $7,718.08 | $3.20B | 17.6 |
| 527 | PHIN | PHINIA Inc. | Consumer Cyclical | 0.01% | $6,958.93 | $2.12B | 16.6 |
| 528 | SON | Sonoco Products Company | Consumer Cyclical | 0.01% | $6,958.93 | $4.92B | 7.7 |
| 529 | AWR | American States Water Company | Utilities | 0.01% | $6,832.40 | $3.31B | 22.9 |
| 530 | LZB | La-Z-Boy Incorporated | Consumer Cyclical | 0.01% | $6,452.82 | $1.20B | 15.2 |
Weights as a percentage of net assets. Value held = weight × net assets ($126.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
SMDX sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 19.2% | 93 | XPO, CW, WWD |
| Technology | 18.1% | 96 | ST, CGNX, OLED |
| Financial Services | 14.4% | 81 | EWBC, AMG, JXN |
| Healthcare | 13.0% | 64 | THC, MEDP, HALO |
| Consumer Cyclical | 11.8% | 72 | YETI, MUSA, FIVE |
| Real Estate | 5.5% | 17 | JLL, LAMR, OHI |
| Energy | 4.7% | 27 | DINO, WKC, CNX |
| Consumer Defensive | 4.4% | 25 | USFD, COKE, NWL |
| Basic Materials | 3.5% | 25 | MTRN, RS, AA |
| Communication Services | 2.5% | 12 | NYT, VSNT, WMG |
| Utilities | 2.4% | 13 | SWX, ORA, PNM |
| Other | 0.6% | 4 | FGXXX, CZN, US50012A1088 |
| Services | 0.1% | 1 | WLY |
Sum of the weights of the holdings in each sector.
SMDX top industries
Banks - Regional
4.8%
Biotechnology
3.3%
Medical Care Facilities
3.2%
Scientific & Technical Instruments
3.1%
Insurance - Life
2.9%
Software - Application
2.8%
Electronic Components
2.6%
Software - Infrastructure
2.3%
Drug Manufacturers - Specialty & Generic
2.3%
Metal Fabrication
2.2%
Engineering & Construction
2.1%
Aerospace & Defense
2.1%
Semiconductors
2.1%
Electrical Equipment & Parts
1.9%
Trucking
1.8%
SMDX overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| IWM | iShares Russell 2000 ETF | 22.4% | 290 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 4.3% | 525 of 2,941 | 0.03% |
| VXUS | Vanguard Total International Stock ETF | 0.9% | 38 of 8,035 | 0.05% |
| SPY | SPDR S&P 500 ETF | 0.0% | 1 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the SMDX portfolio
Intech S&P Small-Mid Cap Diversified Alpha ETF holds 530 positions. The ten largest make up 9.6% of the fund and the top 50 33.4%, so it behaves like a portfolio of about 256 equally weighted stocks. The biggest positions are Tenet Healthcare Corporation (1.29%), Jones Lang LaSalle Incorporated (1.21%), East West Bancorp, Inc. (1.00%), HF Sinclair Corporation (1.00%), XPO Logistics, Inc. (0.96%).
By sector, Industrials is 19.2%, Technology is 18.1%, Financial Services is 14.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: SMDX chart, SMDX performance, SMDX dividends, SMDX valuation, SMDX overview.
SMDX holdings FAQ
How many holdings does SMDX have?
SMDX holds 530 positions as of October 25, 2026.
What are the top 10 holdings of SMDX?
The ten largest holdings are Tenet Healthcare Corporation (1.29%), Jones Lang LaSalle Incorporated (1.21%), East West Bancorp, Inc. (1.00%), HF Sinclair Corporation (1.00%), XPO Logistics, Inc. (0.96%), Sensata Technologies Holding plc (0.88%), Lamar Advertising Company (0.84%), Affiliated Managers Group, Inc. (0.84%), US Foods Holding Corp. (0.81%), Medpace Holdings, Inc. (0.80%). Together they are 9.6% of the fund.
What percentage of SMDX is Tenet Healthcare Corporation?
Tenet Healthcare Corporation is the largest holding at 1.29% of net assets, about $1.6M of the fund's $126.5M.
Which sector is the largest in SMDX?
Industrials is the largest sector at 19.2%, followed by Technology (18.1%) and Financial Services (14.4%), based on the sectors of the individual holdings.
How concentrated is SMDX?
The top 10 holdings are 9.6% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) SMDX behaves like a portfolio of about 256 equally weighted stocks.