BBMC vs. VBR ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) to Vanguard Small-Cap Value ETF - DNQ (VBR)

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$92.87

Average Daily Volume

30,086

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value 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

$198.25

Average Daily Volume

401,089

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	BBMC	VBR
30 Days	2.08%	2.47%
60 Days	2.56%	3.48%
90 Days	5.99%	9.07%
12 Months	20.52%	23.76%

312 Overlapping Holdings

	Symbol	Grade	Weight in BBMC	Weight in VBR	Overlap
	AA	D	0.2%	0.17%	0.17%
	AAL	D	0.19%	0.2%	0.19%
	AAP	F	0.06%	0.11%	0.06%
	ABG	F	0.13%	0.16%	0.13%
	ACA	C	0.11%	0.13%	0.11%
	ACHC	C	0.2%	0.17%	0.17%
	ACM	B	0.36%	0.36%	0.36%
	ADC	C	0.2%	0.2%	0.2%
	ADTN	F	0.06%	0.09%	0.06%
	AGCO	D	0.16%	0.18%	0.16%
	AGNC	A	0.21%	0.21%	0.21%
	AGO	C	0.11%	0.12%	0.11%
	AIT	C	0.21%	0.25%	0.21%
	AIZ	B	0.28%	0.27%	0.27%
	AL	D	0.12%	0.15%	0.12%
	ALE	A	0.1%	0.11%	0.1%
	ALIT	D	0.08%	0.09%	0.08%
	ALK	C	0.14%	0.14%	0.14%
	ALLY	F	0.3%	0.36%	0.3%
	ALSN	B	0.21%	0.23%	0.21%
	AM	B	0.14%	0.14%	0.14%
	AMG	C	0.15%	0.17%	0.15%
	AMKR	F	0.1%	0.11%	0.1%
	AN	D	0.12%	0.18%	0.12%
	ANF	D	0.19%	0.22%	0.19%
	APG	D	0.17%	0.27%	0.17%
	APLE	D	0.09%	0.09%	0.09%
	AR	D	0.21%	0.13%	0.13%
	ARMK	B	0.27%	0.26%	0.26%
	ARW	C	0.19%	0.19%	0.19%
	ASGN	D	0.12%	0.12%	0.12%
	ASH	D	0.11%	0.13%	0.11%
	ASO	C	0.11%	0.12%	0.11%
	ATKR	F	0.09%	0.14%	0.09%
	ATR	B	0.28%	0.29%	0.28%
	AVA	B	0.08%	0.09%	0.08%
	AVNT	B	0.11%	0.12%	0.11%
	AVT	D	0.13%	0.14%	0.13%
	AWR	B	0.08%	0.09%	0.08%
	AXS	B	0.17%	0.17%	0.17%
	AXTA	C	0.2%	0.23%	0.2%
	AYI	B	0.22%	0.23%	0.22%
	AZTA	D	0.06%	0.09%	0.06%
	BBWI	F	0.17%	0.24%	0.17%
	BC	C	0.14%	0.16%	0.14%
	BDC	B	0.11%	0.11%	0.11%
	BECN	D	0.14%	0.19%	0.14%
	BERY	B	0.22%	0.21%	0.21%
	BHF	D	0.07%	0.09%	0.07%
	BIO	C	0.19%	0.2%	0.19%
	BJ	D	0.27%	0.34%	0.27%
	BKH	B	0.12%	0.12%	0.12%
	BOKF	B	0.07%	0.07%	0.07%
	BPOP	C	0.19%	0.22%	0.19%
	BRX	B	0.23%	0.22%	0.22%
	BTU	D	0.07%	0.08%	0.07%
	BWA	D	0.21%	0.24%	0.21%
	BXMT	C	0.08%	0.07%	0.07%
	CACC	D	0.07%	0.09%	0.07%
	CACI	B	0.29%	0.3%	0.29%
	CADE	B	0.16%	0.18%	0.16%
	CBSH	C	0.22%	0.22%	0.22%
	CBT	B	0.16%	0.16%	0.16%
	CC	F	0.07%	0.11%	0.07%
	CFR	C	0.18%	0.2%	0.18%
	CHK	D	0.21%	0.28%	0.21%
	CHRD	F	0.23%	0.3%	0.23%
	CHRW	B	0.33%	0.29%	0.29%
	CLF	F	0.15%	0.21%	0.15%
	CMA	B	0.21%	0.21%	0.21%
	CMC	D	0.16%	0.2%	0.16%
	CNXC	D	0.09%	0.12%	0.09%
	COHR	B	0.3%	0.16%	0.16%
	COLB	B	0.14%	0.16%	0.14%
	COOP	B	0.15%	0.16%	0.15%
	COTY	F	0.1%	0.1%	0.1%
	CPRI	D	0.12%	0.11%	0.11%
	CR	C	0.2%	0.23%	0.2%
	CRC	C	0.09%	0.1%	0.09%
	CRUS	D	0.2%	0.2%	0.2%
	CSL	C	0.53%	0.58%	0.53%
	CTLT	B	0.3%	0.15%	0.15%
	CUZ	B	0.11%	0.12%	0.11%
	CWEN	B	0.06%	0.06%	0.06%
	CWEN	B	0.02%	0.06%	0.02%
	DCI	D	0.24%	0.26%	0.24%
	DINO	D	0.21%	0.25%	0.21%
	DKS	D	0.34%	0.25%	0.25%
	DNB	C	0.09%	0.11%	0.09%
	DTM	B	0.2%	0.21%	0.2%
	DVA	B	0.21%	0.19%	0.19%
	DXC	C	0.1%	0.11%	0.1%
	EGP	B	0.25%	0.26%	0.25%
	EHC	B	0.26%	0.27%	0.26%
	ELAN	D	0.2%	0.19%	0.19%
	EME	B	0.48%	0.52%	0.48%
	ENOV	F	0.06%	0.08%	0.06%
	ENS	C	0.11%	0.13%	0.11%
	EPR	B	0.1%	0.1%	0.1%
	ESAB	C	0.15%	0.17%	0.15%
	ESGR	D	0.1%	0.12%	0.1%
	ESI	D	0.16%	0.17%	0.16%
	ESNT	B	0.19%	0.19%	0.19%
	EVR	B	0.24%	0.25%	0.24%
	FAF	B	0.19%	0.17%	0.17%
	FCN	C	0.22%	0.23%	0.22%
	FFIN	B	0.14%	0.14%	0.14%
	FHI	A	0.08%	0.08%	0.08%
	FHN	D	0.24%	0.27%	0.24%
	FLO	C	0.13%	0.13%	0.13%
	FLR	D	0.21%	0.24%	0.21%
	FLS	D	0.17%	0.19%	0.17%
	FMC	C	0.21%	0.21%	0.21%
	FNB	D	0.14%	0.16%	0.14%
	FR	C	0.2%	0.21%	0.2%
	FRT	C	0.27%	0.27%	0.27%
	FUL	D	0.12%	0.14%	0.12%
	FYBR	C	0.18%	0.21%	0.18%
	G	C	0.17%	0.18%	0.17%
	GAP	F	0.12%	0.17%	0.12%
	GATX	D	0.13%	0.15%	0.13%
	GBCI	B	0.14%	0.15%	0.14%
	GL	C	0.27%	0.25%	0.25%
	GLPI	B	0.38%	0.38%	0.38%
	GME	F	0.26%	0.21%	0.21%
	GPI	B	0.13%	0.14%	0.13%
	GPK	B	0.25%	0.27%	0.25%
	GT	F	0.06%	0.1%	0.06%
	GTES	C	0.09%	0.11%	0.09%
	HAS	B	0.25%	0.25%	0.25%
	HI	F	0.05%	0.09%	0.05%
	HL	C	0.09%	0.1%	0.09%
	HOG	C	0.14%	0.13%	0.13%
	HOMB	B	0.15%	0.15%	0.15%
	HRB	C	0.25%	0.24%	0.24%
	HSIC	C	0.25%	0.27%	0.25%
	HUN	D	0.1%	0.12%	0.1%
	HWC	D	0.12%	0.14%	0.12%
	IAC	C	0.11%	0.11%	0.11%
	IDA	B	0.15%	0.14%	0.14%
	INGR	A	0.25%	0.24%	0.24%
	IPGP	F	0.05%	0.06%	0.05%
	ITT	C	0.3%	0.34%	0.3%
	IVZ	C	0.15%	0.22%	0.15%
	JAZZ	D	0.19%	0.19%	0.19%
	JBL	D	0.34%	0.38%	0.34%
	JEF	B	0.26%	0.25%	0.25%
	JHG	B	0.13%	0.14%	0.13%
	JLL	B	0.34%	0.35%	0.34%
	JXN	B	0.16%	0.2%	0.16%
	KBH	B	0.15%	0.16%	0.15%
	KBR	D	0.23%	0.26%	0.23%
	KD	D	0.15%	0.18%	0.15%
	KEX	C	0.19%	0.21%	0.19%
	KMPR	D	0.1%	0.11%	0.1%
	KNX	C	0.22%	0.24%	0.22%
	KRC	B	0.11%	0.13%	0.11%
	LAD	C	0.21%	0.22%	0.21%
	LAMR	A	0.3%	0.15%	0.15%
	LEA	D	0.18%	0.2%	0.18%
	LNC	D	0.14%	0.17%	0.14%
	LPX	B	0.17%	0.19%	0.17%
	LSXMK	D	0.1%	0.07%	0.07%
	LYFT	D	0.11%	0.12%	0.11%
	M	F	0.11%	0.14%	0.11%
	MAN	C	0.09%	0.11%	0.09%
	MAT	C	0.18%	0.19%	0.18%
	MDGL	F	0.11%	0.15%	0.11%
	MDU	B	0.13%	0.16%	0.13%
	MHK	B	0.22%	0.26%	0.22%
	MIDD	C	0.2%	0.11%	0.11%
	MKSI	F	0.17%	0.25%	0.17%
	MLI	B	0.21%	0.22%	0.21%
	MPW	C	0.08%	0.08%	0.08%
	MSA	C	0.18%	0.21%	0.18%
	MSM	D	0.1%	0.12%	0.1%
	MTG	B	0.19%	0.19%	0.19%
	MTH	B	0.19%	0.2%	0.19%
	MTZ	B	0.17%	0.1%	0.1%
	MUR	D	0.15%	0.18%	0.15%
	MUSA	C	0.29%	0.28%	0.28%
	NCLH	C	0.21%	0.12%	0.12%
	NFG	B	0.15%	0.16%	0.15%
	NJR	B	0.13%	0.13%	0.13%
	NNN	B	0.25%	0.24%	0.24%
	NSIT	C	0.16%	0.21%	0.16%
	NSP	D	0.09%	0.11%	0.09%
	NVST	D	0.08%	0.09%	0.08%
	NVT	D	0.29%	0.35%	0.29%
	NWE	A	0.09%	0.1%	0.09%
	NWL	D	0.08%	0.1%	0.08%
	NXST	D	0.14%	0.17%	0.14%
	NYT	C	0.23%	0.24%	0.23%
	OGE	B	0.22%	0.23%	0.22%
	OGN	D	0.14%	0.16%	0.14%
	OGS	B	0.1%	0.12%	0.1%
	OHI	A	0.27%	0.26%	0.26%
	OLN	D	0.14%	0.16%	0.14%
	OMF	C	0.14%	0.18%	0.14%
	ONB	C	0.17%	0.19%	0.17%
	ORI	A	0.25%	0.25%	0.25%
	OSK	D	0.18%	0.21%	0.18%
	OTTR	D	0.09%	0.12%	0.09%
	OVV	D	0.3%	0.36%	0.3%
	OZK	D	0.12%	0.16%	0.12%
	PAG	D	0.09%	0.1%	0.09%
	PARA	F	0.16%	0.18%	0.16%
	PB	B	0.19%	0.19%	0.19%
	PBF	F	0.09%	0.12%	0.09%
	PBH	B	0.1%	0.1%	0.1%
	PCH	C	0.09%	0.1%	0.09%
	PENN	D	0.07%	0.09%	0.07%
	PFGC	B	0.31%	0.31%	0.31%
	PFSI	B	0.08%	0.07%	0.07%
	PII	D	0.12%	0.13%	0.12%
	PINC	C	0.06%	0.06%	0.06%
	PNFP	B	0.2%	0.1%	0.1%
	PNM	B	0.1%	0.11%	0.1%
	PNW	B	0.29%	0.28%	0.28%
	POR	B	0.14%	0.14%	0.14%
	POST	C	0.18%	0.08%	0.08%
	PR	D	0.19%	0.13%	0.13%
	PRGO	D	0.1%	0.11%	0.1%
	PRI	B	0.25%	0.25%	0.25%
	PSN	B	0.13%	0.13%	0.13%
	PTEN	F	0.09%	0.13%	0.09%
	PVH	F	0.15%	0.17%	0.15%
	R	B	0.16%	0.17%	0.16%
	RDN	B	0.15%	0.16%	0.15%
	RHI	D	0.18%	0.19%	0.18%
	RIVN	F	0.26%	0.38%	0.26%
	RL	B	0.19%	0.19%	0.19%
	RLI	B	0.18%	0.19%	0.18%
	RNR	B	0.37%	0.36%	0.36%
	RPM	B	0.42%	0.46%	0.42%
	RRC	D	0.19%	0.21%	0.19%
	RRX	C	0.28%	0.31%	0.28%
	RS	D	0.44%	0.51%	0.44%
	RUSHA	C	0.08%	0.09%	0.08%
	RYN	C	0.11%	0.13%	0.11%
	SAIC	C	0.19%	0.19%	0.19%
	SANM	D	0.1%	0.12%	0.1%
	SCI	B	0.32%	0.32%	0.32%
	SEE	D	0.13%	0.16%	0.13%
	SEIC	B	0.21%	0.23%	0.21%
	SEM	D	0.1%	0.12%	0.1%
	SF	A	0.24%	0.25%	0.24%
	SFM	B	0.28%	0.29%	0.28%
	SIG	C	0.09%	0.1%	0.09%
	SIGI	C	0.15%	0.16%	0.15%
	SLGN	B	0.12%	0.12%	0.12%
	SLM	C	0.12%	0.15%	0.12%
	SM	D	0.13%	0.08%	0.08%
	SMG	C	0.08%	0.1%	0.08%
	SNV	C	0.18%	0.19%	0.18%
	SNX	D	0.15%	0.23%	0.15%
	SOLV	C	0.26%	0.24%	0.24%
	SON	C	0.15%	0.16%	0.15%
	SR	B	0.11%	0.1%	0.1%
	SRCL	A	0.16%	0.16%	0.16%
	SSB	B	0.2%	0.22%	0.2%
	ST	D	0.15%	0.17%	0.15%
	STAG	C	0.2%	0.22%	0.2%
	STWD	A	0.16%	0.18%	0.16%
	SUM	C	0.12%	0.15%	0.12%
	SWN	D	0.19%	0.21%	0.19%
	SWX	C	0.11%	0.15%	0.11%
	SXT	C	0.09%	0.1%	0.09%
	SYNA	F	0.08%	0.1%	0.08%
	TDC	F	0.07%	0.09%	0.07%
	TEX	D	0.09%	0.12%	0.09%
	THC	B	0.42%	0.43%	0.42%
	THG	A	0.15%	0.13%	0.13%
	THO	D	0.15%	0.16%	0.15%
	TKR	D	0.15%	0.16%	0.15%
	TMHC	B	0.18%	0.2%	0.18%
	TNL	D	0.08%	0.09%	0.08%
	TOL	B	0.4%	0.44%	0.4%
	TPR	C	0.27%	0.27%	0.27%
	TTEK	C	0.34%	0.33%	0.33%
	UBSI	B	0.14%	0.15%	0.14%
	UFPI	C	0.2%	0.23%	0.2%
	UGI	C	0.14%	0.16%	0.14%
	UHAL	B	0.01%	0.18%	0.01%
	UHAL	B	0.19%	0.18%	0.18%
	UMBF	B	0.13%	0.12%	0.12%
	UNM	B	0.27%	0.27%	0.27%
	USFD	B	0.37%	0.39%	0.37%
	UTHR	C	0.37%	0.41%	0.37%
	VAC	F	0.06%	0.08%	0.06%
	VFC	C	0.16%	0.17%	0.16%
	VLY	C	0.1%	0.11%	0.1%
	VMI	D	0.15%	0.18%	0.15%
	VNT	D	0.14%	0.18%	0.14%
	VOYA	A	0.2%	0.21%	0.2%
	VVV	D	0.14%	0.18%	0.14%
	WAL	B	0.25%	0.25%	0.25%
	WBS	C	0.22%	0.25%	0.22%
	WCC	C	0.19%	0.26%	0.19%
	WEN	C	0.08%	0.09%	0.08%
	WHR	D	0.15%	0.16%	0.15%
	WSM	C	0.45%	0.46%	0.45%
	WTFC	B	0.19%	0.21%	0.19%
	WTM	F	0.13%	0.13%	0.13%
	WTRG	D	0.27%	0.29%	0.27%
	WTS	C	0.15%	0.17%	0.15%
	WU	D	0.12%	0.12%	0.12%
	X	D	0.21%	0.24%	0.21%
	XPO	D	0.33%	0.19%	0.19%
	XRAY	D	0.15%	0.17%	0.15%
	ZION	D	0.19%	0.22%	0.19%
	ZWS	B	0.13%	0.13%	0.13%

BBMC Overweight 264 Positions Relative to VBR

	Symbol	Grade	Weight
	MSTR	D	0.54%
	APP	B	0.51%
	DKNG	D	0.48%
	MANH	B	0.44%
	NTNX	C	0.41%
	PSTG	F	0.4%
	NTRA	B	0.4%
	CVNA	B	0.39%
	GGG	C	0.39%
	GWRE	A	0.39%
	CASY	D	0.38%
	TW	A	0.37%
	IBKR	B	0.37%
	NDSN	C	0.36%
	ERIE	A	0.36%
	AMH	C	0.35%
	CLH	B	0.34%
	SRPT	F	0.33%
	CUBE	B	0.33%
	FND	C	0.32%
	PCVX	B	0.32%
	CW	B	0.32%
	BLD	D	0.32%
	SAIA	D	0.31%
	FIX	B	0.31%
	WING	B	0.3%
	TXRH	D	0.3%
	KNSL	C	0.29%
	CHDN	C	0.28%
	WMS	D	0.28%
	LECO	F	0.28%
	HOOD	C	0.28%
	REXR	C	0.28%
	LNW	B	0.27%
	MTCH	C	0.27%
	TOST	B	0.27%
	MKTX	C	0.27%
	WWD	D	0.26%
	AOS	C	0.26%
	BWXT	D	0.25%
	SKX	C	0.25%
	RGLD	B	0.25%
	ONTO	F	0.25%
	OLED	C	0.25%
	IOT	A	0.25%
	MEDP	D	0.24%
	ENSG	C	0.24%
	CHE	C	0.24%
	TTC	D	0.24%
	GNRC	D	0.24%
	AFRM	C	0.24%
	WEX	C	0.23%
	MORN	C	0.23%
	TKO	B	0.23%
	RBC	C	0.23%
	EXP	B	0.23%
	TPX	C	0.23%
	COLD	D	0.22%
	ROKU	C	0.22%
	GMED	D	0.22%
	DUOL	B	0.22%
	BFAM	C	0.22%
	HLI	B	0.22%
	SOFI	C	0.21%
	ATI	C	0.21%
	EXEL	B	0.21%
	CIEN	C	0.21%
	CZR	C	0.21%
	OWL	C	0.21%
	BRBR	B	0.21%
	CROX	C	0.21%
	HALO	B	0.21%
	RGEN	F	0.21%
	FN	D	0.21%
	GNTX	F	0.2%
	WSC	D	0.2%
	PLNT	A	0.2%
	SMAR	B	0.2%
	PEN	D	0.2%
	ITCI	D	0.2%
	SSD	C	0.2%
	WFRD	F	0.19%
	TREX	F	0.19%
	ALV	F	0.19%
	SPSC	D	0.19%
	PCTY	C	0.19%
	MTN	D	0.19%
	LNTH	C	0.19%
	CNM	F	0.19%
	INSP	C	0.18%
	CGNX	D	0.18%
	RYAN	C	0.18%
	NOV	D	0.18%
	H	C	0.18%
	TRNO	C	0.18%
	LBRDK	D	0.18%
	LSTR	D	0.18%
	HQY	C	0.18%
	COKE	C	0.18%
	IONS	F	0.18%
	S	C	0.17%
	MTDR	D	0.17%
	AZEK	C	0.17%
	CYTK	F	0.17%
	SITE	D	0.17%
	NOVT	D	0.17%
	CWST	D	0.17%
	BRKR	D	0.17%
	AAON	B	0.17%
	ELF	F	0.17%
	ESTC	F	0.17%
	ETSY	F	0.17%
	FRPT	B	0.17%
	LFUS	D	0.17%
	WH	B	0.17%
	GTLB	D	0.17%
	DBX	D	0.16%
	MTSI	D	0.16%
	OPCH	C	0.16%
	DAR	F	0.16%
	MMSI	B	0.16%
	BMI	B	0.16%
	EPRT	A	0.16%
	KRG	B	0.16%
	VKTX	C	0.16%
	OLLI	C	0.16%
	GXO	D	0.16%
	RHP	D	0.16%
	EXLS	C	0.16%
	LSCC	D	0.16%
	RVMD	C	0.16%
	EXPO	B	0.15%
	MMS	D	0.15%
	BILL	D	0.15%
	CELH	F	0.15%
	AWI	B	0.15%
	BPMC	D	0.15%
	BCPC	C	0.15%
	PATH	D	0.15%
	CHX	D	0.15%
	RARE	B	0.14%
	IBP	C	0.14%
	ALTR	C	0.14%
	MASI	D	0.14%
	SKY	B	0.14%
	HXL	F	0.14%
	FSS	D	0.14%
	EDR	A	0.14%
	ALKS	C	0.13%
	FOUR	C	0.13%
	CFLT	F	0.13%
	DOCS	B	0.13%
	FIVE	D	0.13%
	PECO	B	0.13%
	TENB	D	0.13%
	PCOR	F	0.13%
	GTLS	F	0.13%
	BOX	B	0.13%
	BYD	C	0.12%
	NEU	D	0.12%
	RMBS	F	0.12%
	EEFT	D	0.12%
	IRT	B	0.12%
	QLYS	F	0.12%
	WMG	D	0.11%
	CRSP	F	0.11%
	LOPE	D	0.11%
	FELE	C	0.11%
	ORA	C	0.11%
	SPR	D	0.11%
	CIVI	F	0.11%
	MGY	C	0.11%
	DLB	D	0.11%
	MSGS	B	0.1%
	CHH	C	0.1%
	LITE	B	0.1%
	BLKB	B	0.1%
	AEIS	D	0.1%
	EVH	C	0.1%
	HRI	C	0.1%
	VAL	F	0.1%
	LANC	D	0.1%
	RH	B	0.1%
	HAE	D	0.1%
	AXSM	C	0.1%
	WK	D	0.1%
	RIG	F	0.09%
	FOLD	D	0.09%
	HP	D	0.09%
	YETI	D	0.09%
	CCOI	C	0.09%
	CWT	C	0.09%
	ACLS	F	0.09%
	NSA	B	0.09%
	APLS	F	0.09%
	POWI	F	0.09%
	INFA	D	0.09%
	ENV	C	0.09%
	NEOG	C	0.09%
	SLAB	D	0.09%
	ZI	D	0.08%
	PEGA	C	0.08%
	JBT	D	0.08%
	DIOD	F	0.08%
	COLM	B	0.08%
	CRVL	B	0.08%
	IRDM	D	0.08%
	TNET	D	0.08%
	LCID	C	0.08%
	SMPL	D	0.08%
	BL	D	0.07%
	JJSF	C	0.07%
	ARWR	F	0.07%
	SAM	F	0.07%
	DV	F	0.07%
	HGV	D	0.07%
	VC	F	0.07%
	BE	F	0.06%
	PGNY	F	0.06%
	FIVN	F	0.06%
	IPAR	D	0.06%
	SHC	B	0.06%
	IRTC	F	0.06%
	CLVT	D	0.06%
	RCM	C	0.06%
	KWR	D	0.06%
	HHH	C	0.06%
	SGRY	C	0.06%
	TXG	D	0.06%
	CNS	B	0.06%
	FRHC	B	0.05%
	FLYW	F	0.05%
	ALGM	F	0.05%
	REYN	C	0.05%
	PPC	D	0.05%
	ADNT	F	0.05%
	ACAD	F	0.05%
	GOLF	F	0.05%
	IMVT	D	0.05%
	PWSC	C	0.04%
	MP	D	0.04%
	WOR	F	0.04%
	LTH	B	0.04%
	UAA	C	0.04%
	DDS	D	0.04%
	MODG	F	0.04%
	GEF	D	0.04%
	WOLF	F	0.03%
	NFE	F	0.03%
	LBRDA	D	0.03%
	SEDG	F	0.03%
	ACT	A	0.03%
	UA	C	0.03%
	FIZZ	D	0.03%
	PYCR	D	0.03%
	CAR	F	0.03%
	TFSL	C	0.02%
	SEB	C	0.02%
	DJT	F	0.02%
	CRK	D	0.02%
	RUSHB	C	0.01%
	INST	D	0.01%
	PLTK	C	0.01%
	SEG	C	0.0%

BBMC Underweight 177 Positions Relative to VBR

	Symbol	Grade	Weight
	SW	B	-0.68%
	FCNCA	D	-0.66%
	BLDR	C	-0.6%
	BAH	B	-0.54%
	ATO	B	-0.52%
	OC	C	-0.47%
	NRG	C	-0.46%
	IEX	D	-0.46%
	BG	D	-0.44%
	PNR	B	-0.43%
	KIM	B	-0.43%
	RGA	B	-0.43%
	EQH	C	-0.42%
	KMX	D	-0.39%
	IPG	C	-0.36%
	EMN	B	-0.36%
	EWBC	C	-0.36%
	JNPR	A	-0.36%
	REG	C	-0.36%
	CPT	B	-0.35%
	FFIV	A	-0.35%
	ALLE	B	-0.35%
	UHS	B	-0.35%
	APA	F	-0.34%
	CG	C	-0.34%
	BRO	C	-0.33%
	HII	C	-0.32%
	HUBB	B	-0.31%
	CCK	A	-0.31%
	BXP	B	-0.3%
	TFX	C	-0.3%
	LDOS	C	-0.29%
	STLD	D	-0.29%
	TAP	C	-0.28%
	MOS	F	-0.28%
	AFG	B	-0.27%
	Z	B	-0.22%
	DOC	C	-0.22%
	NI	B	-0.21%
	ACI	F	-0.2%
	AES	C	-0.19%
	EVRG	A	-0.19%
	MOG.A	B	-0.17%
	QRVO	F	-0.17%
	EPAM	D	-0.17%
	SJM	C	-0.17%
	LKQ	D	-0.16%
	BCC	C	-0.16%
	VNO	B	-0.15%
	BCO	B	-0.14%
	MATX	C	-0.13%
	SLG	B	-0.13%
	KNF	B	-0.13%
	PIPR	B	-0.13%
	ITGR	B	-0.12%
	ABCB	B	-0.12%
	TPG	B	-0.12%
	TPH	C	-0.12%
	HCC	F	-0.11%
	UCBI	B	-0.11%
	AUB	C	-0.11%
	RXO	D	-0.11%
	HASI	B	-0.11%
	SBRA	B	-0.11%
	IBOC	C	-0.11%
	GMS	C	-0.11%
	KFY	B	-0.11%
	CNX	A	-0.11%
	AEO	D	-0.11%
	KTB	B	-0.11%
	CBU	C	-0.1%
	IOSP	D	-0.1%
	BNL	B	-0.1%
	HIW	B	-0.1%
	ASB	D	-0.1%
	AROC	C	-0.1%
	BGC	B	-0.1%
	FBP	C	-0.1%
	WSFS	C	-0.1%
	WD	B	-0.1%
	MAC	B	-0.1%
	PLXS	B	-0.1%
	ABM	D	-0.1%
	FULT	C	-0.1%
	AX	D	-0.1%
	NPO	C	-0.1%
	CNO	B	-0.1%
	SITC	D	-0.09%
	AIN	D	-0.09%
	UNF	B	-0.09%
	APAM	C	-0.09%
	ICUI	B	-0.09%
	GNW	B	-0.09%
	EAT	B	-0.09%
	BRC	B	-0.09%
	URBN	D	-0.09%
	PK	D	-0.09%
	GVA	B	-0.09%
	VSH	D	-0.09%
	SKYW	C	-0.09%
	CATY	B	-0.09%
	NUVL	C	-0.09%
	AUR	C	-0.09%
	TCBI	B	-0.09%
	NHI	A	-0.09%
	REZI	D	-0.09%
	SKT	B	-0.09%
	ESE	B	-0.09%
	MGEE	B	-0.09%
	LUMN	C	-0.09%
	FHB	C	-0.09%
	AMED	C	-0.09%
	GFF	C	-0.09%
	EBC	B	-0.09%
	SFNC	B	-0.08%
	AMN	F	-0.08%
	PRK	C	-0.08%
	INDB	C	-0.08%
	CNK	B	-0.08%
	PPBI	D	-0.08%
	KRYS	D	-0.08%
	DEI	B	-0.08%
	MGRC	F	-0.08%
	TGNA	C	-0.08%
	TRN	C	-0.08%
	BOH	C	-0.08%
	RNG	D	-0.08%
	FL	D	-0.08%
	HUBG	C	-0.08%
	ATGE	D	-0.08%
	FIBK	B	-0.08%
	ARCB	D	-0.08%
	WLK	D	-0.08%
	CWK	B	-0.08%
	PRIM	C	-0.08%
	LXP	B	-0.08%
	BKU	C	-0.08%
	WAFD	B	-0.08%
	MLKN	D	-0.07%
	EVTC	D	-0.07%
	AKR	C	-0.07%
	JWN	B	-0.07%
	PSMT	B	-0.07%
	AZZ	C	-0.07%
	KSS	F	-0.07%
	LAUR	B	-0.07%
	OUT	B	-0.07%
	VSAT	F	-0.07%
	PFS	B	-0.07%
	VIRT	B	-0.07%
	NATL	D	-0.07%
	JOBY	F	-0.07%
	CDE	C	-0.07%
	STRA	D	-0.07%
	SPB	B	-0.07%
	WERN	D	-0.07%
	FRME	C	-0.07%
	SATS	B	-0.07%
	MC	B	-0.07%
	OSIS	C	-0.07%
	MYGN	B	-0.07%
	UE	B	-0.07%
	ABR	B	-0.07%
	GHC	C	-0.07%
	FTRE	F	-0.07%
	HNI	B	-0.07%
	FFBC	C	-0.07%
	MTRN	D	-0.07%
	PRGS	C	-0.07%
	MTX	D	-0.07%
	CVBF	C	-0.07%
	DY	B	-0.07%
	ARCH	F	-0.07%
	IOVA	D	-0.06%
	ZD	D	-0.06%
	ENR	F	-0.06%
	SXI	C	-0.06%

BBMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Information Technology Services Packaged Foods Packaging & Containers Semiconductors Capital Markets Engineering & Construction Leisure REIT - Industrial Apparel Manufacturing

Keywords: Banking Natural Gas Mining S&P 500 Bank Insurance Chemical Real Estate Investment Trust Computing Electronics Aerospace Construction Medicine Semiconductor Transport Electricity Plastic Supply Chain Management Beverage Biopharmaceutical

VBR: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P REIT - Diversified REIT - Retail Specialty Chemicals Engineering & Construction Information Technology Services Building Materials Electronic Components Medical Care Packaging & Containers Utilities - Regulated Electric Auto & Truck Dealerships Biotechnology Specialty Retail Utilities - Regulated Gas Apparel Manufacturing Insurance - Diversified

Keywords: S&P 500 Bank Banking Real Estate Investment Trust Mining Deposit Products Natural Gas Chemical Insurance Aerospace Real Estate Loans Commercial Banking Telecommunications Electronics Electricity Commercial Bank Construction Transport Building Materials Insurance Products