DTD vs. VFMO ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to Vanguard U.S. Momentum Factor ETF (VFMO)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.89

Average Daily Volume

21,384

Number of Holdings ^*

811

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$177.06

Average Daily Volume

39,351

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	DTD	VFMO
30 Days	3.20%	8.49%
60 Days	5.00%	10.60%
90 Days	6.93%	11.86%
12 Months	31.64%	49.80%

191 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in VFMO	Overlap
	AAON	B	0.01%	0.02%	0.01%
	ACT	D	0.03%	0.05%	0.03%
	AFL	B	0.26%	0.49%	0.26%
	AGM	C	0.01%	0.05%	0.01%
	AIG	B	0.13%	0.03%	0.03%
	AIT	A	0.04%	0.13%	0.04%
	AIZ	A	0.03%	0.07%	0.03%
	AJG	B	0.07%	0.17%	0.07%
	ALL	A	0.15%	0.22%	0.15%
	ALLY	C	0.05%	0.07%	0.05%
	ALSN	B	0.03%	0.38%	0.03%
	AM	A	0.06%	0.08%	0.06%
	APH	A	0.15%	0.72%	0.15%
	ARES	A	0.1%	0.17%	0.1%
	AROC	B	0.03%	0.28%	0.03%
	AVGO	D	2.39%	0.68%	0.68%
	AWI	A	0.02%	0.38%	0.02%
	AXP	A	0.32%	0.65%	0.32%
	AZZ	B	0.01%	0.2%	0.01%
	BAC	A	1.22%	0.11%	0.11%
	BAH	F	0.04%	0.1%	0.04%
	BALL	D	0.03%	0.04%	0.03%
	BFH	B	0.02%	0.11%	0.02%
	BHE	B	0.01%	0.02%	0.01%
	BK	A	0.23%	0.71%	0.23%
	BKU	A	0.01%	0.1%	0.01%
	BPOP	B	0.03%	0.33%	0.03%
	BRO	B	0.04%	0.07%	0.04%
	C	A	0.63%	1.21%	0.63%
	CASY	A	0.02%	0.12%	0.02%
	CBOE	B	0.05%	0.06%	0.05%
	CBSH	A	0.02%	0.11%	0.02%
	CHCO	B	0.01%	0.07%	0.01%
	CL	D	0.3%	0.7%	0.3%
	CNA	B	0.05%	0.07%	0.05%
	CNO	A	0.03%	0.09%	0.03%
	COKE	C	0.01%	0.22%	0.01%
	COR	B	0.07%	0.18%	0.07%
	COST	B	0.44%	0.89%	0.44%
	CRBG	B	0.1%	0.2%	0.1%
	CRS	A	0.01%	0.24%	0.01%
	CSL	C	0.04%	0.19%	0.04%
	CTAS	B	0.15%	0.73%	0.15%
	DELL	C	0.06%	0.36%	0.06%
	DHI	D	0.06%	0.77%	0.06%
	DKS	C	0.04%	0.17%	0.04%
	DTM	B	0.05%	0.12%	0.05%
	EHC	B	0.03%	0.22%	0.03%
	EME	C	0.01%	0.48%	0.01%
	EVR	B	0.05%	0.2%	0.05%
	EWBC	A	0.06%	0.06%	0.06%
	EXP	A	0.02%	0.13%	0.02%
	FANG	D	0.09%	0.29%	0.09%
	FBP	B	0.03%	0.31%	0.03%
	FCF	A	0.02%	0.03%	0.02%
	FCNCA	A	0.03%	0.1%	0.03%
	FG	B	0.01%	0.09%	0.01%
	FITB	A	0.16%	0.34%	0.16%
	FIX	A	0.01%	0.35%	0.01%
	FNF	B	0.07%	0.05%	0.05%
	FULT	A	0.02%	0.04%	0.02%
	GAP	C	0.03%	0.1%	0.03%
	GBCI	B	0.02%	0.1%	0.02%
	GBX	A	0.01%	0.02%	0.01%
	GD	F	0.2%	0.26%	0.2%
	GE	D	0.16%	1.14%	0.16%
	GM	B	0.11%	0.35%	0.11%
	GOLF	B	0.01%	0.02%	0.01%
	GS	A	0.69%	0.18%	0.18%
	GWW	B	0.1%	0.17%	0.1%
	HBAN	A	0.13%	0.35%	0.13%
	HCA	F	0.11%	0.72%	0.11%
	HEI	B	0.03%	0.08%	0.03%
	HIG	B	0.13%	0.19%	0.13%
	HLT	A	0.06%	0.3%	0.06%
	HNI	B	0.02%	0.11%	0.02%
	HRB	D	0.05%	0.12%	0.05%
	HUBB	B	0.05%	0.02%	0.02%
	HWM	A	0.04%	0.07%	0.04%
	IBKR	A	0.02%	0.13%	0.02%
	IBM	C	1.21%	0.21%	0.21%
	IBOC	A	0.02%	0.08%	0.02%
	IBP	D	0.01%	0.13%	0.01%
	INGR	B	0.05%	0.14%	0.05%
	IP	B	0.1%	0.06%	0.06%
	JEF	A	0.07%	0.15%	0.07%
	JPM	A	3.09%	0.02%	0.02%
	JXN	C	0.06%	0.22%	0.06%
	KBH	D	0.03%	0.3%	0.03%
	KKR	A	0.13%	1.17%	0.13%
	KLAC	D	0.1%	0.94%	0.1%
	KLG	C	0.01%	0.06%	0.01%
	KMPR	B	0.02%	0.02%	0.02%
	KTB	B	0.03%	0.08%	0.03%
	LBRT	D	0.01%	0.02%	0.01%
	LDOS	C	0.04%	0.2%	0.04%
	LEN	D	0.06%	0.05%	0.05%
	LII	A	0.05%	0.13%	0.05%
	LLY	F	0.63%	1.07%	0.63%
	LMT	D	0.45%	0.33%	0.33%
	LPX	B	0.02%	0.2%	0.02%
	M	D	0.02%	0.03%	0.02%
	MATX	C	0.02%	0.11%	0.02%
	MCK	B	0.08%	0.63%	0.08%
	MCY	A	0.02%	0.17%	0.02%
	META	D	0.92%	1.15%	0.92%
	MLI	C	0.04%	0.1%	0.04%
	MLKN	D	0.01%	0.16%	0.01%
	MO	A	0.7%	0.18%	0.18%
	MPWR	F	0.03%	0.26%	0.03%
	MSA	D	0.01%	0.02%	0.01%
	MSI	B	0.15%	0.27%	0.15%
	MTB	A	0.16%	0.37%	0.16%
	MTG	C	0.04%	0.11%	0.04%
	MUSA	A	0.01%	0.19%	0.01%
	NBHC	B	0.02%	0.05%	0.02%
	NEU	C	0.02%	0.09%	0.02%
	NTAP	C	0.08%	0.39%	0.08%
	NVDA	C	2.38%	0.71%	0.71%
	NWSA	B	0.03%	0.03%	0.03%
	OC	A	0.04%	0.03%	0.03%
	OFG	B	0.03%	0.08%	0.03%
	OMF	A	0.05%	0.08%	0.05%
	ORI	A	0.07%	0.23%	0.07%
	OWL	A	0.05%	0.15%	0.05%
	PATK	D	0.03%	0.08%	0.03%
	PBI	B	0.01%	0.05%	0.01%
	PFBC	B	0.01%	0.08%	0.01%
	PFSI	D	0.01%	0.03%	0.01%
	PGR	A	0.13%	0.97%	0.13%
	PH	A	0.2%	0.2%	0.2%
	PHIN	A	0.01%	0.1%	0.01%
	PHM	D	0.05%	0.19%	0.05%
	PM	B	1.16%	0.27%	0.27%
	PNC	B	0.39%	0.37%	0.37%
	POWL	C	0.01%	0.26%	0.01%
	PRDO	B	0.01%	0.1%	0.01%
	PRI	A	0.03%	0.11%	0.03%
	PRK	B	0.01%	0.11%	0.01%
	PTVE	B	0.01%	0.12%	0.01%
	PWR	A	0.04%	0.09%	0.04%
	QCRH	A	0.03%	0.02%	0.02%
	RDN	C	0.04%	0.07%	0.04%
	RGA	A	0.06%	0.07%	0.06%
	RL	B	0.03%	0.18%	0.03%
	RMD	C	0.04%	0.2%	0.04%
	ROST	C	0.06%	0.02%	0.02%
	RTX	C	0.56%	0.79%	0.56%
	SAFT	C	0.01%	0.03%	0.01%
	SCS	C	0.01%	0.11%	0.01%
	SEM	B	0.02%	0.1%	0.02%
	SFBS	B	0.01%	0.06%	0.01%
	SHOO	D	0.01%	0.04%	0.01%
	SLM	A	0.02%	0.16%	0.02%
	SLVM	B	0.01%	0.1%	0.01%
	SNV	B	0.04%	0.16%	0.04%
	SPB	C	0.02%	0.05%	0.02%
	SRCE	B	0.01%	0.05%	0.01%
	STBA	B	0.02%	0.09%	0.02%
	STC	B	0.02%	0.31%	0.02%
	STEP	B	0.02%	0.05%	0.02%
	TDS	B	0.02%	0.11%	0.02%
	TJX	A	0.35%	0.27%	0.27%
	TKO	B	0.02%	0.06%	0.02%
	TMUS	B	0.76%	0.57%	0.57%
	TOL	B	0.01%	0.19%	0.01%
	TPG	A	0.02%	0.23%	0.02%
	TPL	A	0.04%	0.04%	0.04%
	TRGP	B	0.11%	0.21%	0.11%
	TRMK	B	0.02%	0.04%	0.02%
	TRN	C	0.02%	0.03%	0.02%
	TTEK	F	0.02%	0.13%	0.02%
	UHS	D	0.02%	0.2%	0.02%
	UMBF	B	0.02%	0.15%	0.02%
	URI	B	0.08%	0.26%	0.08%
	UVSP	B	0.02%	0.04%	0.02%
	UWMC	D	0.0%	0.1%	0.0%
	VCTR	B	0.03%	0.19%	0.03%
	VIRT	B	0.02%	0.12%	0.02%
	VRT	B	0.03%	0.48%	0.03%
	WAB	B	0.04%	0.23%	0.04%
	WAL	B	0.03%	0.06%	0.03%
	WDFC	B	0.01%	0.05%	0.01%
	WMB	A	0.35%	0.02%	0.02%
	WMT	A	1.61%	0.66%	0.66%
	WRB	A	0.07%	0.1%	0.07%
	WSM	B	0.05%	0.22%	0.05%
	WSO	A	0.06%	0.08%	0.06%
	WTFC	A	0.01%	0.15%	0.01%
	WWD	B	0.02%	0.09%	0.02%
	WWW	B	0.01%	0.03%	0.01%

DTD Overweight 620 Positions Relative to VFMO

	Symbol	Grade	Weight
	AAPL	C	3.03%
	MSFT	F	2.78%
	XOM	B	2.48%
	ABBV	D	1.97%
	JNJ	D	1.83%
	HD	A	1.78%
	PG	A	1.61%
	CVX	A	1.51%
	KO	D	1.4%
	CSCO	B	1.3%
	UNH	C	1.24%
	PEP	F	1.12%
	MS	A	1.03%
	WFC	A	0.9%
	CMCSA	B	0.88%
	GOOGL	C	0.87%
	MCD	D	0.83%
	MRK	F	0.79%
	ORCL	B	0.74%
	V	A	0.67%
	TXN	C	0.65%
	GOOG	C	0.57%
	LOW	D	0.57%
	BMY	B	0.57%
	AMGN	D	0.55%
	HON	B	0.53%
	GILD	C	0.47%
	MA	C	0.45%
	CAT	B	0.45%
	BLK	C	0.43%
	UPS	C	0.43%
	QCOM	F	0.42%
	ABT	B	0.42%
	USB	A	0.42%
	SO	D	0.41%
	EOG	A	0.41%
	SPG	B	0.4%
	DUK	C	0.39%
	BX	A	0.39%
	OKE	A	0.38%
	MDLZ	F	0.37%
	UNP	C	0.37%
	ADP	B	0.34%
	PLD	D	0.33%
	D	C	0.32%
	COP	C	0.32%
	ITW	B	0.31%
	SBUX	A	0.31%
	BKNG	A	0.3%
	PCAR	B	0.29%
	AMT	D	0.27%
	PEG	A	0.26%
	KMB	D	0.26%
	TGT	F	0.25%
	PRU	A	0.25%
	CVS	D	0.25%
	PAYX	C	0.25%
	O	D	0.25%
	PSA	D	0.25%
	VICI	C	0.25%
	CRM	B	0.25%
	MMC	B	0.25%
	AEP	D	0.24%
	WM	A	0.24%
	SYK	C	0.24%
	SCHW	B	0.23%
	XEL	A	0.22%
	ETR	B	0.22%
	MET	A	0.22%
	MPC	D	0.22%
	CCI	D	0.22%
	FIS	C	0.21%
	KHC	F	0.21%
	CI	F	0.21%
	ICE	C	0.21%
	ADI	D	0.21%
	PSX	C	0.2%
	APO	B	0.2%
	SRE	A	0.2%
	FAST	B	0.19%
	CME	A	0.19%
	WELL	A	0.19%
	ED	D	0.19%
	APD	A	0.19%
	DOW	F	0.19%
	KVUE	A	0.19%
	EMR	A	0.19%
	VST	B	0.18%
	DE	A	0.18%
	VLO	C	0.17%
	GLW	B	0.17%
	CMI	A	0.17%
	DIS	B	0.17%
	INTU	C	0.17%
	SYY	B	0.17%
	DLR	B	0.17%
	NSC	B	0.16%
	FDX	B	0.16%
	GIS	D	0.16%
	AVB	B	0.16%
	KR	B	0.16%
	COF	B	0.16%
	EQIX	A	0.16%
	SPGI	C	0.16%
	TMO	F	0.16%
	EXR	D	0.15%
	HPQ	B	0.15%
	TRV	B	0.15%
	MAR	B	0.15%
	EXC	C	0.15%
	EIX	B	0.15%
	RF	A	0.15%
	NOC	D	0.14%
	AMAT	F	0.14%
	KDP	D	0.14%
	NKE	D	0.14%
	AMP	A	0.14%
	DHR	F	0.14%
	SHW	A	0.13%
	ECL	D	0.13%
	TROW	B	0.13%
	STT	A	0.13%
	DFS	B	0.13%
	K	A	0.13%
	ELV	F	0.13%
	BDX	F	0.12%
	LRCX	F	0.12%
	ZTS	D	0.12%
	AEE	A	0.12%
	BKR	B	0.12%
	LHX	C	0.12%
	CSX	B	0.11%
	BBY	D	0.11%
	MCO	B	0.11%
	PKG	A	0.11%
	WEC	A	0.11%
	ES	D	0.11%
	STZ	D	0.11%
	YUM	B	0.11%
	FE	C	0.11%
	DRI	B	0.11%
	IRM	D	0.11%
	CARR	D	0.1%
	PPL	B	0.1%
	ATO	A	0.1%
	RSG	A	0.1%
	OTIS	C	0.1%
	EQR	B	0.1%
	DD	D	0.09%
	PFG	D	0.09%
	VTRS	A	0.09%
	SYF	B	0.09%
	DTE	C	0.09%
	EBAY	D	0.09%
	NTRS	A	0.09%
	PNW	B	0.08%
	ADM	D	0.08%
	HSY	F	0.08%
	TSCO	D	0.08%
	CG	A	0.08%
	CINF	A	0.08%
	TSN	B	0.08%
	HPE	B	0.08%
	CEG	D	0.08%
	VTR	C	0.08%
	LVS	C	0.08%
	CTSH	B	0.08%
	MU	D	0.08%
	PPG	F	0.08%
	OMC	C	0.08%
	LNG	B	0.08%
	SNA	A	0.08%
	EVRG	A	0.08%
	HRL	D	0.07%
	CAG	D	0.07%
	CMS	C	0.07%
	CAH	B	0.07%
	NDAQ	A	0.07%
	OXY	D	0.07%
	BR	A	0.07%
	NRG	B	0.07%
	ARE	D	0.07%
	EQT	B	0.07%
	MCHP	D	0.07%
	CLX	B	0.07%
	GPC	D	0.06%
	ESS	B	0.06%
	TPR	B	0.06%
	CUBE	D	0.06%
	IPG	D	0.06%
	DOV	A	0.06%
	MKC	D	0.06%
	AWK	D	0.06%
	OGE	B	0.06%
	WPC	D	0.06%
	LAMR	D	0.06%
	BEN	C	0.06%
	UNM	A	0.06%
	LUV	C	0.06%
	TXRH	C	0.06%
	RJF	A	0.06%
	CMA	A	0.06%
	LNT	A	0.06%
	MAA	B	0.06%
	GLPI	C	0.06%
	NI	A	0.06%
	HES	B	0.06%
	ROK	B	0.06%
	INVH	D	0.05%
	LNC	B	0.05%
	SJM	D	0.05%
	AME	A	0.05%
	UDR	B	0.05%
	WBS	A	0.05%
	JNPR	F	0.05%
	GEN	B	0.05%
	VMC	B	0.05%
	KIM	A	0.05%
	IR	B	0.05%
	RS	B	0.05%
	HAL	C	0.05%
	DAL	C	0.05%
	CPB	D	0.05%
	FOX	A	0.05%
	SWK	D	0.05%
	EMN	D	0.05%
	MAS	D	0.05%
	ROP	B	0.05%
	EQH	B	0.05%
	NUE	C	0.05%
	UI	A	0.05%
	CNP	B	0.05%
	MSCI	C	0.05%
	ASB	B	0.04%
	MRO	B	0.04%
	HST	C	0.04%
	VLY	B	0.04%
	VRSK	A	0.04%
	ERIE	D	0.04%
	PCG	A	0.04%
	RPM	A	0.04%
	ACI	C	0.04%
	CFR	B	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	SWKS	F	0.04%
	CF	B	0.04%
	HLI	B	0.04%
	EA	A	0.04%
	CHRW	C	0.04%
	ITT	A	0.04%
	FRT	B	0.04%
	ZION	B	0.04%
	OVV	B	0.04%
	TAP	C	0.04%
	NWE	B	0.04%
	XYL	D	0.04%
	NNN	D	0.04%
	FHB	A	0.04%
	BRX	A	0.04%
	CHRD	D	0.04%
	CHD	B	0.04%
	ROL	B	0.04%
	ODFL	B	0.04%
	DGX	A	0.04%
	FNB	A	0.04%
	SW	A	0.04%
	MLM	B	0.04%
	WY	D	0.04%
	STLD	B	0.04%
	LPLA	A	0.03%
	RUSHA	C	0.03%
	WLK	D	0.03%
	WH	B	0.03%
	ATR	B	0.03%
	FTV	C	0.03%
	TNL	A	0.03%
	SMG	D	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	CPT	B	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	CBT	C	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	GPK	C	0.03%
	SON	D	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	AVY	D	0.03%
	ALE	A	0.03%
	HLNE	B	0.03%
	WST	C	0.03%
	DCI	B	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	DPZ	C	0.03%
	OGN	D	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	EFX	F	0.03%
	OGS	A	0.03%
	BWXT	B	0.03%
	OZK	B	0.03%
	WU	D	0.03%
	R	B	0.03%
	DINO	D	0.03%
	FAF	A	0.03%
	HUM	C	0.03%
	COLB	A	0.03%
	CCOI	B	0.03%
	SUI	D	0.03%
	LKQ	D	0.03%
	MTN	C	0.03%
	FLS	B	0.03%
	AFG	A	0.03%
	SFNC	B	0.03%
	GEHC	F	0.03%
	WTRG	B	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	NFG	A	0.03%
	HOMB	A	0.03%
	PB	A	0.03%
	TFSL	A	0.03%
	LECO	B	0.03%
	A	D	0.03%
	GPN	B	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	LH	C	0.03%
	PFS	B	0.03%
	UGI	A	0.03%
	PAG	B	0.03%
	EXPD	D	0.03%
	CDW	F	0.03%
	SSNC	B	0.03%
	BANR	B	0.03%
	EGBN	B	0.02%
	HTH	B	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	FR	C	0.02%
	ZWS	B	0.02%
	SSD	D	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	FRME	B	0.02%
	CRI	D	0.02%
	IOSP	B	0.02%
	CWEN	C	0.02%
	BERY	B	0.02%
	BANC	A	0.02%
	MGEE	C	0.02%
	VAC	B	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	HWC	B	0.02%
	SYBT	B	0.02%
	MRTN	C	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	NSA	D	0.02%
	UPBD	B	0.02%
	JBL	B	0.02%
	NYT	C	0.02%
	ACM	A	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	BRC	D	0.02%
	SEIC	B	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	MOS	F	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	FCPT	C	0.02%
	NDSN	B	0.02%
	MGY	A	0.02%
	TXT	D	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	OSK	B	0.02%
	LW	C	0.02%
	AMH	D	0.02%
	UBSI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	RHI	B	0.02%
	CMC	B	0.02%
	SBRA	C	0.02%
	CRC	B	0.02%
	LCII	C	0.02%
	MUR	D	0.02%
	CAKE	C	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	A	0.02%
	MWA	B	0.02%
	BRKL	B	0.02%
	FFBC	A	0.02%
	PII	D	0.02%
	OCFC	B	0.02%
	KMT	B	0.02%
	RGLD	C	0.02%
	BBWI	D	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	0.02%
	TTC	D	0.02%
	CE	F	0.02%
	HAFC	A	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	F	0.02%
	GTY	B	0.02%
	KNTK	B	0.02%
	JKHY	D	0.02%
	TW	A	0.02%
	HRI	B	0.02%
	JBHT	C	0.02%
	IDCC	A	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	B	0.02%
	SSB	B	0.02%
	ESI	A	0.02%
	CVBF	A	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	ZBH	C	0.02%
	SBAC	D	0.02%
	PRGS	A	0.02%
	FDS	B	0.02%
	TRST	A	0.02%
	J	F	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	APA	D	0.02%
	REYN	D	0.02%
	HII	D	0.02%
	CADE	B	0.02%
	ONB	B	0.02%
	ALB	C	0.02%
	NJR	A	0.02%
	GEF	A	0.02%
	NOG	A	0.02%
	AOS	F	0.02%
	GGG	B	0.02%
	POOL	C	0.02%
	FBMS	B	0.02%
	IEX	B	0.02%
	AVT	C	0.02%
	REG	B	0.02%
	IIPR	D	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	D	0.01%
	AESI	B	0.01%
	IRDM	D	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	WMG	C	0.01%
	BMI	B	0.01%
	VSH	D	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	PCH	D	0.01%
	CABO	C	0.01%
	OXM	D	0.01%
	SCL	C	0.01%
	ENS	D	0.01%
	WINA	B	0.01%
	BRKR	D	0.01%
	BLMN	F	0.01%
	KNSL	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	CWEN	C	0.01%
	OLED	D	0.01%
	ASH	D	0.01%
	CHE	D	0.01%
	XRX	F	0.01%
	HOG	D	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	ORA	B	0.01%
	GL	B	0.01%
	CHH	A	0.01%
	WKC	D	0.01%
	KRO	D	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	B	0.01%
	COLM	B	0.01%
	SLGN	A	0.01%
	RRR	D	0.01%
	X	C	0.01%
	EGP	F	0.01%
	HEES	B	0.01%
	SEB	F	0.01%
	JJSF	B	0.01%
	PDCO	D	0.01%
	NAVI	C	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	CHDN	B	0.01%
	LEG	F	0.01%
	MKTX	D	0.01%
	KRC	C	0.01%
	UTZ	D	0.01%
	MAN	D	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	RLI	B	0.01%
	HP	B	0.01%
	MORN	B	0.01%
	PZZA	D	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	TECH	D	0.01%
	KWR	C	0.01%
	EPC	D	0.01%
	SSBK	B	0.01%
	EXPO	D	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	D	0.01%
	BCO	D	0.01%
	OLN	D	0.01%
	CPK	A	0.01%
	KBR	F	0.01%
	L	A	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	BSY	D	0.01%
	ABM	B	0.01%
	CFFN	B	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	ADC	B	0.01%
	VMI	B	0.01%
	UTL	B	0.01%
	LFUS	F	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	D	0.01%
	WGO	C	0.01%
	GATX	A	0.01%
	NOV	C	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SXT	B	0.01%
	SLG	B	0.01%
	VLTO	D	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	TER	D	0.01%
	PTEN	C	0.01%
	SNX	C	0.01%
	MSBI	B	0.01%
	CCK	C	0.01%
	SEE	C	0.01%
	PAYC	B	0.01%
	CVI	F	0.01%
	PNFP	B	0.01%
	MAC	B	0.0%
	POWI	D	0.0%
	KW	B	0.0%
	NWS	B	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 384 Positions Relative to VFMO

	Symbol	Grade	Weight
	ANET	C	-1.27%
	NFLX	A	-1.12%
	T	A	-1.02%
	TT	A	-0.94%
	BSX	B	-0.89%
	CMG	B	-0.82%
	MMM	D	-0.77%
	TDG	D	-0.76%
	TFC	A	-0.73%
	ISRG	A	-0.7%
	PLTR	B	-0.66%
	APP	B	-0.66%
	SFM	A	-0.57%
	VRTX	F	-0.57%
	REGN	F	-0.54%
	SPOT	B	-0.52%
	WING	D	-0.47%
	NEM	D	-0.46%
	CVLT	B	-0.4%
	NTRA	B	-0.4%
	DVA	B	-0.38%
	NU	C	-0.37%
	GDDY	A	-0.37%
	SKYW	B	-0.34%
	DECK	A	-0.33%
	CVNA	B	-0.33%
	GRMN	B	-0.32%
	WTW	B	-0.32%
	PSTG	D	-0.32%
	MHK	D	-0.31%
	INSM	C	-0.3%
	AXS	A	-0.28%
	PCVX	D	-0.28%
	VITL	D	-0.27%
	ANF	C	-0.27%
	RCL	A	-0.27%
	ADMA	B	-0.26%
	IESC	B	-0.26%
	FRPT	B	-0.26%
	GKOS	B	-0.26%
	SN	D	-0.25%
	CNM	D	-0.24%
	XPO	B	-0.23%
	FICO	B	-0.23%
	SMMT	D	-0.23%
	DHT	F	-0.22%
	EWTX	C	-0.22%
	ASPN	F	-0.22%
	CR	A	-0.22%
	LRN	A	-0.22%
	PPC	C	-0.22%
	THC	D	-0.22%
	MSTR	C	-0.22%
	CSWI	A	-0.21%
	JLL	D	-0.21%
	OSCR	D	-0.21%
	REVG	B	-0.2%
	UTHR	C	-0.2%
	BKD	D	-0.2%
	AGO	B	-0.2%
	INVA	D	-0.2%
	HOOD	B	-0.2%
	LMB	A	-0.2%
	CRUS	D	-0.2%
	CDE	D	-0.2%
	BRBR	A	-0.2%
	ALNY	D	-0.2%
	GWRE	A	-0.2%
	CFG	B	-0.19%
	SKX	D	-0.19%
	AXON	A	-0.19%
	FTI	A	-0.19%
	HALO	F	-0.19%
	NPAB	B	-0.19%
	BPMC	C	-0.19%
	GFF	A	-0.18%
	KD	B	-0.18%
	SCCO	F	-0.18%
	BLBD	D	-0.18%
	VKTX	F	-0.18%
	LNTH	D	-0.18%
	HIMS	B	-0.17%
	TNK	F	-0.17%
	RSI	B	-0.17%
	PI	D	-0.17%
	MOG.A	B	-0.17%
	AVAV	D	-0.17%
	KEX	C	-0.17%
	SFL	D	-0.17%
	COOP	B	-0.17%
	BFAM	D	-0.17%
	EVER	F	-0.16%
	ESAB	B	-0.16%
	PSN	D	-0.16%
	CRDO	B	-0.16%
	RKT	F	-0.16%
	RNA	D	-0.16%
	ACGL	D	-0.16%
	SKWD	A	-0.16%
	BURL	A	-0.16%
	CLH	B	-0.16%
	WULF	C	-0.16%
	TPC	C	-0.16%
	APLT	B	-0.16%
	LBPH	A	-0.16%
	ENSG	D	-0.15%
	CRNX	C	-0.15%
	STRL	B	-0.15%
	CASH	A	-0.15%
	INSW	F	-0.15%
	TREE	F	-0.15%
	TNDM	F	-0.15%
	AMRX	C	-0.15%
	JANX	C	-0.15%
	SGBX	F	-0.15%
	COHR	B	-0.15%
	CW	B	-0.14%
	ZETA	D	-0.14%
	RVMD	C	-0.14%
	COMP	B	-0.14%
	ATGE	B	-0.14%
	HL	D	-0.14%
	ROAD	A	-0.14%
	SMR	B	-0.13%
	COIN	C	-0.13%
	HWKN	B	-0.13%
	CDRE	D	-0.13%
	DYN	F	-0.13%
	MOD	A	-0.13%
	PNTG	D	-0.13%
	BLD	D	-0.13%
	VERA	B	-0.13%
	LUMN	C	-0.13%
	AYI	B	-0.13%
	NHC	C	-0.13%
	CPNG	D	-0.13%
	ANAB	F	-0.13%
	YMAB	F	-0.13%
	MEDP	D	-0.13%
	IMNM	F	-0.12%
	LNW	D	-0.12%
	AMSC	B	-0.12%
	RUN	F	-0.12%
	ABUS	D	-0.12%
	EOLS	D	-0.12%
	PTGX	C	-0.12%
	GRBK	D	-0.12%
	PAHC	C	-0.12%
	PRIM	A	-0.12%
	ATI	D	-0.12%
	COLL	F	-0.12%
	PHAT	F	-0.12%
	CDNA	D	-0.12%
	UTI	A	-0.12%
	GPOR	B	-0.12%
	NVR	D	-0.12%
	BV	B	-0.12%
	RYTM	C	-0.12%
	BGC	C	-0.12%
	NR	B	-0.11%
	HCC	B	-0.11%
	RXST	F	-0.11%
	PRMW	C	-0.11%
	AGX	B	-0.11%
	ETN	A	-0.11%
	LQDA	D	-0.11%
	IBCP	B	-0.11%
	HASI	D	-0.11%
	TPB	B	-0.11%
	CPF	A	-0.11%
	TDW	F	-0.11%
	NNBR	C	-0.11%
	CNK	B	-0.11%
	NUVL	D	-0.11%
	ANNX	F	-0.11%
	LTH	C	-0.1%
	ITGR	B	-0.1%
	HCI	C	-0.1%
	LPG	F	-0.1%
	KRYS	B	-0.1%
	ACLX	C	-0.1%
	SPRY	D	-0.1%
	SOUN	C	-0.1%
	HROW	D	-0.1%
	MAX	F	-0.1%
	NRIX	D	-0.1%
	ZIMV	D	-0.1%
	OCUL	D	-0.1%
	TMDX	F	-0.1%
	ALHC	C	-0.1%
	CADL	F	-0.1%
	VERX	B	-0.1%
	NVAX	F	-0.1%
	PRCT	B	-0.1%
	TNC	D	-0.1%
	RVLV	B	-0.1%
	ACIC	B	-0.1%
	AMAL	B	-0.1%
	TILE	B	-0.1%
	AQST	D	-0.1%
	CBZ	B	-0.09%
	TWST	D	-0.09%
	OII	B	-0.09%
	SAVA	D	-0.09%
	PLSE	C	-0.09%
	HUMA	F	-0.09%
	GOGL	F	-0.09%
	SPNT	A	-0.09%
	PNR	A	-0.09%
	CRAI	B	-0.09%
	DOLE	D	-0.09%
	HY	D	-0.09%
	NPO	A	-0.09%
	GNK	D	-0.09%
	SHAK	C	-0.09%
	BELFB	C	-0.09%
	UVE	B	-0.09%
	GRND	A	-0.09%
	CALM	A	-0.09%
	BLX	C	-0.08%
	CENX	B	-0.08%
	MNMD	C	-0.08%
	CGEM	F	-0.08%
	RYAN	B	-0.08%
	GERN	D	-0.08%
	EGY	D	-0.08%
	CECO	A	-0.08%
	STNG	F	-0.08%
	NBTB	B	-0.08%
	NKTX	F	-0.08%
	QNST	B	-0.08%
	CMPR	D	-0.08%
	GEO	B	-0.08%
	RDNT	B	-0.08%
	CXW	B	-0.08%
	PRM	C	-0.08%
	TK	D	-0.08%
	AORT	B	-0.08%
	MTX	B	-0.08%
	OCGN	F	-0.08%
	ALKT	B	-0.08%
	UFPT	B	-0.07%
	AGIO	C	-0.07%
	INOD	B	-0.07%
	SXI	B	-0.07%
	AGYS	A	-0.07%
	AOSL	C	-0.07%
	USAP	B	-0.07%
	LAUR	A	-0.07%
	ICFI	F	-0.07%
	KURA	F	-0.07%
	GCI	D	-0.07%
	KALV	D	-0.07%
	STOK	F	-0.07%
	DORM	B	-0.07%
	CROX	D	-0.07%
	VRNS	D	-0.06%
	USFD	A	-0.06%
	TYL	B	-0.06%
	ANET	C	-0.06%
	SWTX	C	-0.06%
	NMRK	B	-0.06%
	HRTX	F	-0.06%
	SIGA	F	-0.06%
	CSTL	D	-0.06%
	LRMR	F	-0.06%
	NVRI	F	-0.06%
	NUVB	C	-0.06%
	VSEC	C	-0.06%
	REX	D	-0.06%
	OSW	A	-0.06%
	ACVA	B	-0.06%
	TGTX	B	-0.06%
	ADUS	D	-0.06%
	DAKT	B	-0.06%
	VNDA	C	-0.05%
	TSHA	C	-0.05%
	ARLO	C	-0.05%
	FBK	B	-0.05%
	IDYA	F	-0.05%
	CRVL	A	-0.05%
	NTNX	A	-0.05%
	FSS	B	-0.05%
	CRMD	C	-0.05%
	IT	C	-0.05%
	IFF	D	-0.05%
	HRTG	C	-0.05%
	GMS	B	-0.05%
	BAND	B	-0.05%
	DXPE	B	-0.04%
	SPOK	C	-0.04%
	TERN	F	-0.04%
	HNST	B	-0.04%
	FN	D	-0.04%
	NSSC	D	-0.04%
	CYH	F	-0.04%
	IDT	B	-0.04%
	AX	A	-0.04%
	CNX	A	-0.04%
	TFIN	A	-0.04%
	ELEV	D	-0.04%
	VCEL	B	-0.04%
	OUST	C	-0.04%
	CENT	C	-0.04%
	OSIS	B	-0.04%
	EU	D	-0.04%
	OLLI	D	-0.04%
	APPF	B	-0.04%
	CAL	D	-0.04%
	KTOS	B	-0.04%
	GABC	B	-0.04%
	RYAM	C	-0.04%
	CLSK	C	-0.04%
	ARQT	C	-0.04%
	MBWM	B	-0.03%
	DJCO	B	-0.03%
	ITOS	F	-0.03%
	MBIN	D	-0.03%
	LOPE	B	-0.03%
	GPI	A	-0.03%
	UBER	D	-0.03%
	QTWO	A	-0.03%
	WVE	C	-0.03%
	EPAC	B	-0.03%
	ELVN	D	-0.03%
	SB	F	-0.03%
	MIR	A	-0.03%
	SCVL	F	-0.03%
	BLND	B	-0.03%
	REAX	D	-0.03%
	NMIH	D	-0.03%
	TOWN	B	-0.03%
	HOV	D	-0.03%
	EAT	A	-0.03%
	ACIW	B	-0.03%
	PRG	C	-0.03%
	CTS	C	-0.03%
	UHAL	D	-0.03%
	CMRE	C	-0.03%
	INO	F	-0.03%
	TGI	B	-0.03%
	LMAT	A	-0.03%
	IMMR	C	-0.03%
	DFIN	D	-0.03%
	PACK	B	-0.03%
	SRRK	B	-0.02%
	ABSI	F	-0.02%
	GTES	A	-0.02%
	BDTX	F	-0.02%
	DCO	C	-0.02%
	MDGL	B	-0.02%
	INGN	C	-0.02%
	DAWN	F	-0.02%
	SVRA	D	-0.02%
	ASC	F	-0.02%
	DDS	B	-0.02%
	HEAR	C	-0.02%
	BRCC	F	-0.02%
	LXRX	F	-0.02%
	LFMD	D	-0.02%
	PFGC	B	-0.02%
	THR	B	-0.02%
	ATEX	D	-0.02%
	SPNS	F	-0.02%
	HLX	B	-0.02%
	ITRI	B	-0.02%
	AA	B	-0.02%
	CACI	D	-0.02%
	AIOT	B	-0.02%
	METC	C	-0.02%
	FOR	F	-0.02%
	FNKO	D	-0.02%
	MRSN	D	-0.02%
	PLMR	B	-0.02%
	ANIP	F	-0.02%
	FHN	A	-0.02%
	CELC	F	-0.02%
	SCSC	B	-0.02%
	USLM	A	-0.02%
	PAR	B	-0.02%
	BJ	A	-0.02%
	EFSC	B	-0.02%
	EXEL	B	-0.0%
	APEI	B	-0.0%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

VFMO: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Diversified Industrials Insurance - Property & Casualty Aerospace & Defense Engineering & Construction Shipping & Ports Building Materials Software - Infrastructure Asset Management Electronic Components Medical Devices Diagnostics & Research Medical Care Packaged Foods Drug Manufacturers - Specialty & Generic Education & Training Services Oil & Gas Equipment & Services Residential Construction

Keywords: S&P 500 Bank Medicine Banking Insurance Biopharmaceutical Biotechnology Cancer Aerospace IBD 50 Deposit Products Electronics Mining Commercial Banking Clinical Medicine Insurance Products Life Sciences Computing Construction Cash Management Services