MMTM vs. VBR ETF Comparison

Comparison of SPDR S&P 1500 Momentum Tilt ETF (MMTM) to Vanguard Small-Cap Value ETF - DNQ (VBR)

MMTM

SPDR S&P 1500 Momentum Tilt ETF

MMTM Description

The investment seeks investment results that, before fees and expenses, correspond to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P 1500 Positive Momentum Tilt Index. It invests substantially all, but at least 80%, of total assets in the securities, including business development companies, comprising the index. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P Composite 1500 Index and stocks with relatively low momentum are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$250.63

Average Daily Volume

1,389

Number of Holdings ^*

1418

* 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

$201.60

Average Daily Volume

403,375

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

Performance

Period	MMTM	VBR
30 Days	1.60%	5.14%
60 Days	3.81%	5.22%
90 Days	3.20%	10.72%
12 Months	37.61%	26.47%

611 Overlapping Holdings

Symbol	Grade	Weight in MMTM	Weight in VBR	Overlap
AA	D	0.01%	0.17%	0.01%
AAL	D	0.0%	0.2%	0.0%
AAP	F	0.0%	0.08%	0.0%
AAT	B	0.0%	0.04%	0.0%
ABCB	B	0.01%	0.12%	0.01%
ABG	D	0.0%	0.15%	0.0%
ABM	D	0.0%	0.11%	0.0%
ABR	B	0.0%	0.07%	0.0%
ACA	B	0.01%	0.13%	0.01%
ACHC	C	0.0%	0.21%	0.0%
ACM	B	0.01%	0.4%	0.01%
ADC	C	0.0%	0.22%	0.0%
AEO	F	0.01%	0.11%	0.01%
AES	C	0.0%	0.18%	0.0%
AFG	B	0.01%	0.28%	0.01%
AGCO	D	0.0%	0.17%	0.0%
AGO	C	0.01%	0.12%	0.01%
AIN	D	0.0%	0.09%	0.0%
AIR	C	0.0%	0.07%	0.0%
AIT	A	0.02%	0.23%	0.02%
AIZ	B	0.02%	0.3%	0.02%
AKR	B	0.0%	0.07%	0.0%
AL	D	0.01%	0.14%	0.01%
ALE	B	0.0%	0.11%	0.0%
ALEX	B	0.0%	0.04%	0.0%
ALK	C	0.0%	0.13%	0.0%
ALLE	B	0.01%	0.36%	0.01%
ALLY	F	0.02%	0.35%	0.02%
AM	C	0.01%	0.15%	0.01%
AMCX	F	0.0%	0.01%	0.0%
AMED	C	0.0%	0.09%	0.0%
AMG	C	0.01%	0.16%	0.01%
AMKR	F	0.01%	0.11%	0.01%
AMN	F	0.0%	0.06%	0.0%
AMWD	D	0.0%	0.02%	0.0%
AN	D	0.0%	0.17%	0.0%
ANDE	D	0.0%	0.05%	0.0%
ANF	D	0.03%	0.22%	0.03%
APA	F	0.0%	0.31%	0.0%
APAM	C	0.0%	0.08%	0.0%
APLE	D	0.0%	0.09%	0.0%
APOG	B	0.0%	0.04%	0.0%
AR	F	0.01%	0.12%	0.01%
ARCB	D	0.0%	0.07%	0.0%
ARCH	F	0.01%	0.07%	0.01%
ARI	F	0.0%	0.04%	0.0%
ARMK	B	0.02%	0.28%	0.02%
AROC	D	0.01%	0.09%	0.01%
ARW	C	0.0%	0.21%	0.0%
ASB	D	0.01%	0.1%	0.01%
ASGN	D	0.01%	0.12%	0.01%
ASH	D	0.0%	0.13%	0.0%
ASO	C	0.0%	0.12%	0.0%
ASTE	D	0.0%	0.02%	0.0%
ATGE	C	0.01%	0.08%	0.01%
ATO	B	0.01%	0.54%	0.01%
ATR	B	0.02%	0.3%	0.02%
AUB	D	0.0%	0.1%	0.0%
AVA	C	0.0%	0.09%	0.0%
AVNS	B	0.0%	0.03%	0.0%
AVNT	B	0.01%	0.13%	0.01%
AVT	C	0.01%	0.15%	0.01%
AWR	B	0.0%	0.09%	0.0%
AX	D	0.0%	0.1%	0.0%
AXL	F	0.0%	0.02%	0.0%
AXTA	B	0.01%	0.24%	0.01%
AYI	B	0.03%	0.23%	0.03%
AZTA	F	0.0%	0.07%	0.0%
AZZ	D	0.01%	0.07%	0.01%
B	D	0.0%	0.06%	0.0%
BANF	B	0.0%	0.06%	0.0%
BANR	B	0.0%	0.06%	0.0%
BBWI	F	0.01%	0.2%	0.01%
BC	C	0.0%	0.16%	0.0%
BCC	B	0.01%	0.16%	0.01%
BCO	B	0.01%	0.14%	0.01%
BDC	B	0.0%	0.13%	0.0%
BDN	B	0.0%	0.03%	0.0%
BERY	B	0.0%	0.22%	0.0%
BFS	B	0.0%	0.01%	0.0%
BG	D	0.01%	0.42%	0.01%
BGC	B	0.01%	0.11%	0.01%
BGS	D	0.0%	0.02%	0.0%
BHE	D	0.0%	0.04%	0.0%
BHF	F	0.0%	0.08%	0.0%
BHLB	B	0.0%	0.04%	0.0%
BIO	C	0.0%	0.2%	0.0%
BJ	D	0.03%	0.31%	0.03%
BJRI	D	0.0%	0.01%	0.0%
BKE	B	0.0%	0.04%	0.0%
BKH	B	0.0%	0.12%	0.0%
BKU	C	0.0%	0.08%	0.0%
BLDR	C	0.01%	0.62%	0.01%
BLKB	C	0.0%	0.06%	0.0%
BLMN	F	0.0%	0.04%	0.0%
BOH	D	0.0%	0.08%	0.0%
BRC	C	0.01%	0.09%	0.01%
BRKL	C	0.0%	0.03%	0.0%
BRO	C	0.06%	0.35%	0.06%
BRX	B	0.01%	0.24%	0.01%
BWA	D	0.0%	0.23%	0.0%
BXMT	C	0.0%	0.07%	0.0%
BXP	B	0.01%	0.31%	0.01%
CABO	F	0.0%	0.02%	0.0%
CACC	F	0.0%	0.08%	0.0%
CACI	B	0.02%	0.32%	0.02%
CADE	C	0.01%	0.17%	0.01%
CAKE	C	0.0%	0.05%	0.0%
CAL	F	0.0%	0.02%	0.0%
CAR	F	0.0%	0.04%	0.0%
CARS	D	0.0%	0.03%	0.0%
CATY	C	0.0%	0.09%	0.0%
CBRL	D	0.0%	0.03%	0.0%
CBSH	C	0.01%	0.22%	0.01%
CBT	B	0.01%	0.17%	0.01%
CBU	C	0.0%	0.09%	0.0%
CC	F	0.0%	0.09%	0.0%
CCK	A	0.0%	0.32%	0.0%
CENTA	F	0.0%	0.05%	0.0%
CFFN	D	0.0%	0.02%	0.0%
CFR	C	0.01%	0.19%	0.01%
CG	D	0.02%	0.28%	0.02%
CHCO	B	0.0%	0.05%	0.0%
CHK	D	0.01%	0.27%	0.01%
CHRD	F	0.02%	0.26%	0.02%
CHRW	B	0.0%	0.34%	0.0%
CLB	D	0.0%	0.01%	0.0%
CLF	F	0.0%	0.18%	0.0%
CMA	B	0.01%	0.22%	0.01%
CMC	D	0.0%	0.18%	0.0%
CMP	D	0.0%	0.01%	0.0%
CNK	C	0.01%	0.09%	0.01%
CNO	B	0.01%	0.11%	0.01%
CNX	B	0.01%	0.12%	0.01%
CNXC	F	0.0%	0.12%	0.0%
COHR	C	0.03%	0.17%	0.03%
COLB	B	0.0%	0.15%	0.0%
COOP	C	0.02%	0.17%	0.02%
COTY	F	0.0%	0.1%	0.0%
CPRI	D	0.0%	0.12%	0.0%
CPT	B	0.01%	0.39%	0.01%
CR	C	0.02%	0.23%	0.02%
CRC	C	0.0%	0.11%	0.0%
CRI	D	0.0%	0.07%	0.0%
CRUS	D	0.03%	0.23%	0.03%
CSGS	C	0.0%	0.04%	0.0%
CSL	B	0.06%	0.59%	0.06%
CSR	B	0.0%	0.03%	0.0%
CTLT	B	0.02%	0.15%	0.02%
CTRE	C	0.01%	0.06%	0.01%
CUZ	B	0.0%	0.13%	0.0%
CVBF	D	0.0%	0.07%	0.0%
CWK	B	0.0%	0.08%	0.0%
CXW	F	0.01%	0.04%	0.01%
DAN	F	0.0%	0.04%	0.0%
DBI	F	0.0%	0.0%	0.0%
DCI	C	0.01%	0.26%	0.01%
DEI	B	0.0%	0.08%	0.0%
DIN	F	0.0%	0.01%	0.0%
DINO	F	0.01%	0.24%	0.01%
DKS	D	0.04%	0.28%	0.04%
DLX	D	0.0%	0.03%	0.0%
DNOW	D	0.0%	0.04%	0.0%
DOC	C	0.0%	0.23%	0.0%
DRH	C	0.0%	0.05%	0.0%
DTM	B	0.02%	0.22%	0.02%
DVA	B	0.02%	0.21%	0.02%
DXC	C	0.0%	0.11%	0.0%
DY	B	0.02%	0.07%	0.02%
EAT	A	0.01%	0.09%	0.01%
ECPG	D	0.0%	0.03%	0.0%
EGBN	C	0.0%	0.01%	0.0%
EGP	B	0.01%	0.26%	0.01%
EHC	C	0.02%	0.28%	0.02%
EIG	C	0.0%	0.04%	0.0%
EMBC	C	0.0%	0.03%	0.0%
EME	B	0.06%	0.54%	0.06%
EMN	B	0.02%	0.35%	0.02%
ENOV	D	0.0%	0.08%	0.0%
ENR	D	0.0%	0.07%	0.0%
ENS	D	0.0%	0.12%	0.0%
EPAM	F	0.0%	0.16%	0.0%
EPC	F	0.0%	0.06%	0.0%
EPR	B	0.0%	0.11%	0.0%
EQH	C	0.04%	0.41%	0.04%
ESAB	C	0.02%	0.18%	0.02%
ESE	B	0.0%	0.09%	0.0%
ESNT	B	0.01%	0.19%	0.01%
EVR	A	0.03%	0.25%	0.03%
EVRG	B	0.0%	0.19%	0.0%
EVTC	D	0.0%	0.06%	0.0%
EWBC	D	0.02%	0.34%	0.02%
EYE	F	0.0%	0.02%	0.0%
FAF	B	0.0%	0.18%	0.0%
FBP	C	0.01%	0.1%	0.01%
FCF	C	0.0%	0.05%	0.0%
FCN	D	0.02%	0.24%	0.02%
FDP	C	0.0%	0.03%	0.0%
FFBC	D	0.0%	0.07%	0.0%
FFIN	B	0.0%	0.13%	0.0%
FFIV	B	0.02%	0.35%	0.02%
FHB	D	0.0%	0.09%	0.0%
FHI	A	0.0%	0.08%	0.0%
FHN	D	0.02%	0.27%	0.02%
FL	D	0.0%	0.09%	0.0%
FLO	C	0.0%	0.13%	0.0%
FLR	D	0.02%	0.25%	0.02%
FLS	D	0.02%	0.19%	0.02%
FMC	C	0.0%	0.24%	0.0%
FNB	C	0.01%	0.16%	0.01%
FR	B	0.0%	0.22%	0.0%
FRT	C	0.01%	0.28%	0.01%
FTRE	D	0.0%	0.06%	0.0%
FUL	C	0.01%	0.14%	0.01%
FULT	D	0.01%	0.1%	0.01%
FWRD	C	0.0%	0.01%	0.0%
FYBR	C	0.02%	0.21%	0.02%
G	C	0.0%	0.21%	0.0%
GAP	F	0.02%	0.16%	0.02%
GATX	D	0.01%	0.15%	0.01%
GBCI	B	0.01%	0.16%	0.01%
GBX	C	0.0%	0.04%	0.0%
GEF	D	0.0%	0.04%	0.0%
GEF	D	0.0%	0.0%	0.0%
GEO	F	0.01%	0.05%	0.01%
GES	F	0.0%	0.02%	0.0%
GFF	D	0.01%	0.09%	0.01%
GHC	B	0.01%	0.07%	0.01%
GIII	C	0.0%	0.03%	0.0%
GL	C	0.0%	0.28%	0.0%
GLPI	C	0.01%	0.39%	0.01%
GME	F	0.01%	0.22%	0.01%
GMS	D	0.01%	0.1%	0.01%
GNL	C	0.0%	0.06%	0.0%
GNW	B	0.0%	0.09%	0.0%
GO	F	0.0%	0.05%	0.0%
GPI	B	0.01%	0.14%	0.01%
GPK	B	0.01%	0.27%	0.01%
GT	F	0.0%	0.07%	0.0%
GTY	B	0.0%	0.05%	0.0%
GVA	B	0.01%	0.1%	0.01%
HAIN	D	0.0%	0.02%	0.0%
HAS	B	0.0%	0.26%	0.0%
HASI	C	0.0%	0.11%	0.0%
HAYW	C	0.0%	0.06%	0.0%
HBI	B	0.0%	0.06%	0.0%
HCC	F	0.01%	0.09%	0.01%
HCSG	C	0.0%	0.02%	0.0%
HELE	D	0.0%	0.04%	0.0%
HI	F	0.0%	0.07%	0.0%
HII	D	0.01%	0.33%	0.01%
HIW	B	0.01%	0.1%	0.01%
HMN	D	0.0%	0.04%	0.0%
HNI	C	0.01%	0.07%	0.01%
HOG	C	0.0%	0.13%	0.0%
HOMB	B	0.0%	0.15%	0.0%
HOPE	B	0.0%	0.04%	0.0%
HP	F	0.0%	0.04%	0.0%
HPP	D	0.0%	0.02%	0.0%
HRB	C	0.03%	0.26%	0.03%
HSIC	C	0.0%	0.27%	0.0%
HTH	C	0.0%	0.04%	0.0%
HTLD	D	0.0%	0.02%	0.0%
HUBB	B	0.04%	0.32%	0.04%
HUBG	C	0.0%	0.08%	0.0%
HWC	D	0.01%	0.14%	0.01%
IART	F	0.0%	0.04%	0.0%
IBOC	D	0.01%	0.1%	0.01%
IBTX	B	0.0%	0.06%	0.0%
ICUI	B	0.0%	0.11%	0.0%
IDA	C	0.0%	0.15%	0.0%
IDCC	B	0.01%	0.05%	0.01%
IEX	D	0.0%	0.46%	0.0%
INDB	C	0.0%	0.08%	0.0%
INGR	B	0.01%	0.26%	0.01%
INN	A	0.0%	0.01%	0.0%
INVA	B	0.0%	0.03%	0.0%
IOSP	D	0.0%	0.08%	0.0%
IPG	C	0.0%	0.36%	0.0%
IPGP	F	0.0%	0.05%	0.0%
ITGR	A	0.01%	0.13%	0.01%
ITT	B	0.03%	0.34%	0.03%
IVZ	B	0.0%	0.21%	0.0%
JACK	F	0.0%	0.01%	0.0%
JAZZ	D	0.0%	0.2%	0.0%
JBGS	C	0.0%	0.05%	0.0%
JBL	D	0.01%	0.37%	0.01%
JBLU	D	0.0%	0.05%	0.0%
JEF	B	0.03%	0.26%	0.03%
JHG	B	0.01%	0.14%	0.01%
JLL	B	0.02%	0.36%	0.02%
JNPR	B	0.03%	0.37%	0.03%
JWN	C	0.0%	0.06%	0.0%
JXN	A	0.02%	0.2%	0.02%
KALU	F	0.0%	0.03%	0.0%
KAR	D	0.0%	0.06%	0.0%
KBH	A	0.02%	0.16%	0.02%
KBR	D	0.01%	0.27%	0.01%
KD	D	0.02%	0.16%	0.02%
KELYA	D	0.0%	0.02%	0.0%
KEX	C	0.02%	0.21%	0.02%
KFY	B	0.01%	0.11%	0.01%
KIM	C	0.01%	0.46%	0.01%
KMPR	D	0.01%	0.11%	0.01%
KMT	B	0.0%	0.06%	0.0%
KMX	D	0.0%	0.39%	0.0%
KN	D	0.0%	0.05%	0.0%
KNF	B	0.02%	0.13%	0.02%
KNX	C	0.0%	0.24%	0.0%
KOP	F	0.0%	0.02%	0.0%
KRC	B	0.0%	0.13%	0.0%
KRYS	D	0.01%	0.07%	0.01%
KSS	F	0.0%	0.06%	0.0%
KTB	B	0.01%	0.12%	0.01%
LAD	D	0.0%	0.24%	0.0%
LAMR	B	0.02%	0.16%	0.02%
LDOS	B	0.07%	0.31%	0.07%
LEA	F	0.0%	0.19%	0.0%
LEG	D	0.0%	0.05%	0.0%
LGND	C	0.0%	0.05%	0.0%
LITE	B	0.0%	0.06%	0.0%
LKQ	F	0.0%	0.16%	0.0%
LNC	D	0.01%	0.16%	0.01%
LPX	B	0.01%	0.18%	0.01%
LRN	B	0.01%	0.05%	0.01%
LTC	C	0.0%	0.05%	0.0%
LUMN	C	0.0%	0.16%	0.0%
LXP	B	0.0%	0.09%	0.0%
LZB	C	0.0%	0.05%	0.0%
M	F	0.01%	0.13%	0.01%
MAC	B	0.01%	0.1%	0.01%
MAN	C	0.0%	0.1%	0.0%
MAT	C	0.0%	0.19%	0.0%
MATV	C	0.0%	0.03%	0.0%
MATW	F	0.0%	0.02%	0.0%
MATX	B	0.01%	0.13%	0.01%
MC	B	0.01%	0.07%	0.01%
MCY	D	0.01%	0.05%	0.01%
MD	C	0.0%	0.03%	0.0%
MDU	C	0.01%	0.15%	0.01%
MHK	C	0.01%	0.25%	0.01%
MIDD	D	0.0%	0.11%	0.0%
MKSI	F	0.01%	0.24%	0.01%
MLI	A	0.02%	0.23%	0.02%
MLKN	D	0.01%	0.06%	0.01%
MMI	C	0.0%	0.03%	0.0%
MNRO	D	0.0%	0.02%	0.0%
MOG.A	B	0.02%	0.17%	0.02%
MOS	F	0.0%	0.27%	0.0%
MPW	C	0.0%	0.08%	0.0%
MSA	D	0.01%	0.2%	0.01%
MSM	D	0.0%	0.11%	0.0%
MTG	B	0.02%	0.2%	0.02%
MTH	A	0.01%	0.2%	0.01%
MTRN	F	0.0%	0.07%	0.0%
MTX	D	0.0%	0.07%	0.0%
MTZ	B	0.0%	0.11%	0.0%
MUR	F	0.0%	0.16%	0.0%
MUSA	D	0.03%	0.28%	0.03%
MXL	F	0.0%	0.02%	0.0%
MYGN	C	0.0%	0.07%	0.0%
NABL	D	0.0%	0.01%	0.0%
NATL	D	0.0%	0.06%	0.0%
NAVI	C	0.0%	0.04%	0.0%
NBHC	D	0.0%	0.05%	0.0%
NBTB	D	0.0%	0.06%	0.0%
NCLH	C	0.0%	0.11%	0.0%
NFG	B	0.0%	0.16%	0.0%
NGVT	D	0.0%	0.04%	0.0%
NHC	D	0.01%	0.05%	0.01%
NI	B	0.02%	0.22%	0.02%
NJR	B	0.0%	0.13%	0.0%
NNN	C	0.01%	0.25%	0.01%
NPO	D	0.0%	0.1%	0.0%
NRG	C	0.06%	0.52%	0.06%
NSIT	D	0.02%	0.21%	0.02%
NSP	F	0.0%	0.1%	0.0%
NTCT	C	0.0%	0.04%	0.0%
NUS	F	0.0%	0.01%	0.0%
NVRI	D	0.0%	0.01%	0.0%
NVST	D	0.0%	0.09%	0.0%
NVT	D	0.04%	0.33%	0.04%
NWBI	C	0.0%	0.05%	0.0%
NWE	B	0.0%	0.1%	0.0%
NWL	C	0.0%	0.08%	0.0%
NWN	C	0.0%	0.04%	0.0%
NX	F	0.0%	0.03%	0.0%
NXST	D	0.0%	0.16%	0.0%
NYT	C	0.02%	0.25%	0.02%
OC	D	0.03%	0.43%	0.03%
ODP	F	0.0%	0.03%	0.0%
OFG	C	0.0%	0.06%	0.0%
OGE	C	0.01%	0.23%	0.01%
OGN	D	0.0%	0.17%	0.0%
OGS	B	0.0%	0.11%	0.0%
OHI	B	0.02%	0.29%	0.02%
OI	D	0.0%	0.06%	0.0%
OLN	D	0.0%	0.15%	0.0%
OMCL	C	0.0%	0.06%	0.0%
OMI	D	0.0%	0.03%	0.0%
ONB	C	0.01%	0.19%	0.01%
ORI	B	0.02%	0.26%	0.02%
OSIS	D	0.0%	0.07%	0.0%
OSK	F	0.01%	0.21%	0.01%
OTTR	F	0.0%	0.1%	0.0%
OVV	F	0.01%	0.34%	0.01%
OXM	F	0.0%	0.04%	0.0%
OZK	D	0.0%	0.14%	0.0%
PAG	D	0.0%	0.1%	0.0%
PARA	F	0.0%	0.16%	0.0%
PB	B	0.0%	0.2%	0.0%
PBF	F	0.0%	0.1%	0.0%
PBH	B	0.0%	0.11%	0.0%
PBI	D	0.0%	0.04%	0.0%
PCH	C	0.0%	0.1%	0.0%
PCRX	F	0.0%	0.01%	0.0%
PDCO	F	0.0%	0.05%	0.0%
PEB	D	0.0%	0.02%	0.0%
PECO	B	0.0%	0.07%	0.0%
PENN	D	0.0%	0.08%	0.0%
PFGC	B	0.02%	0.34%	0.02%
PFS	B	0.0%	0.07%	0.0%
PHIN	B	0.01%	0.06%	0.01%
PII	D	0.0%	0.13%	0.0%
PIPR	B	0.01%	0.13%	0.01%
PK	D	0.01%	0.09%	0.01%
PLXS	A	0.0%	0.1%	0.0%
PMT	C	0.0%	0.04%	0.0%
PNFP	B	0.01%	0.11%	0.01%
PNM	B	0.0%	0.11%	0.0%
PNR	B	0.02%	0.43%	0.02%
PNW	C	0.01%	0.29%	0.01%
POR	C	0.0%	0.15%	0.0%
POST	C	0.01%	0.08%	0.01%
PPBI	D	0.0%	0.07%	0.0%
PPC	D	0.01%	0.05%	0.01%
PR	F	0.02%	0.12%	0.02%
PRA	C	0.0%	0.02%	0.0%
PRAA	D	0.0%	0.03%	0.0%
PRG	B	0.0%	0.06%	0.0%
PRGO	D	0.0%	0.12%	0.0%
PRGS	C	0.0%	0.07%	0.0%
PRI	B	0.02%	0.27%	0.02%
PRK	C	0.01%	0.08%	0.01%
PRLB	F	0.0%	0.02%	0.0%
PSMT	B	0.0%	0.06%	0.0%
PTEN	F	0.0%	0.11%	0.0%
PUMP	D	0.0%	0.02%	0.0%
PVH	F	0.01%	0.16%	0.01%
PZZA	D	0.0%	0.02%	0.0%
QRVO	F	0.01%	0.16%	0.01%
R	A	0.01%	0.18%	0.01%
RDN	C	0.01%	0.16%	0.01%
REG	C	0.01%	0.39%	0.01%
REZI	D	0.0%	0.08%	0.0%
RGA	C	0.05%	0.43%	0.05%
RGR	D	0.0%	0.02%	0.0%
RHI	D	0.0%	0.18%	0.0%
RL	C	0.02%	0.18%	0.02%
RLI	B	0.01%	0.2%	0.01%
RNR	C	0.03%	0.4%	0.03%
RNST	D	0.0%	0.06%	0.0%
ROIC	B	0.0%	0.05%	0.0%
RPM	B	0.01%	0.44%	0.01%
RRC	D	0.01%	0.2%	0.01%
RRX	C	0.0%	0.33%	0.0%
RS	D	0.01%	0.48%	0.01%
RUSHA	C	0.0%	0.1%	0.0%
RWT	B	0.0%	0.03%	0.0%
RXO	D	0.0%	0.1%	0.0%
RYN	C	0.0%	0.13%	0.0%
SAFT	D	0.0%	0.04%	0.0%
SAH	D	0.0%	0.02%	0.0%
SAIC	C	0.0%	0.2%	0.0%
SANM	D	0.01%	0.11%	0.01%
SBH	B	0.0%	0.04%	0.0%
SBRA	C	0.01%	0.12%	0.01%
SCHL	D	0.0%	0.02%	0.0%
SCI	B	0.01%	0.32%	0.01%
SCL	D	0.0%	0.05%	0.0%
SCSC	D	0.0%	0.03%	0.0%
SEE	D	0.0%	0.15%	0.0%
SEIC	C	0.01%	0.23%	0.01%
SEM	D	0.01%	0.11%	0.01%
SF	A	0.02%	0.25%	0.02%
SFBS	B	0.01%	0.06%	0.01%
SFM	B	0.04%	0.31%	0.04%
SFNC	B	0.0%	0.07%	0.0%
SHO	C	0.0%	0.06%	0.0%
SHOO	B	0.0%	0.05%	0.0%
SIG	C	0.01%	0.1%	0.01%
SIGI	D	0.0%	0.16%	0.0%
SJM	C	0.0%	0.17%	0.0%
SKT	B	0.01%	0.1%	0.01%
SKYW	C	0.01%	0.09%	0.01%
SLG	B	0.02%	0.13%	0.02%
SLGN	B	0.0%	0.12%	0.0%
SLM	D	0.01%	0.14%	0.01%
SM	F	0.01%	0.08%	0.01%
SMG	C	0.0%	0.09%	0.0%
SNV	C	0.01%	0.19%	0.01%
SNX	D	0.02%	0.23%	0.02%
SOLV	C	0.0%	0.26%	0.0%
SON	C	0.0%	0.16%	0.0%
SPNT	C	0.0%	0.04%	0.0%
SR	B	0.0%	0.1%	0.0%
SRCL	A	0.02%	0.16%	0.02%
SRCL	A	0.02%	0.01%	0.01%
SSB	B	0.0%	0.22%	0.0%
ST	D	0.0%	0.17%	0.0%
STAG	C	0.01%	0.22%	0.01%
STBA	B	0.0%	0.05%	0.0%
STEP	B	0.01%	0.05%	0.01%
STLD	F	0.03%	0.26%	0.03%
STRA	F	0.0%	0.06%	0.0%
STWD	B	0.0%	0.18%	0.0%
SUPN	C	0.0%	0.05%	0.0%
SVC	D	0.0%	0.02%	0.0%
SW	B	0.08%	0.72%	0.08%
SWN	D	0.01%	0.21%	0.01%
SWX	C	0.01%	0.15%	0.01%
SXI	C	0.0%	0.06%	0.0%
SXT	C	0.0%	0.1%	0.0%
SYNA	F	0.0%	0.09%	0.0%
TAP	D	0.0%	0.28%	0.0%
TCBI	B	0.0%	0.09%	0.0%
TDC	F	0.0%	0.08%	0.0%
TDS	C	0.01%	0.06%	0.01%
TEX	F	0.0%	0.11%	0.0%
TFX	C	0.0%	0.34%	0.0%
TGI	F	0.0%	0.01%	0.0%
TGNA	D	0.0%	0.07%	0.0%
THC	A	0.05%	0.48%	0.05%
THG	B	0.0%	0.14%	0.0%
THO	D	0.0%	0.16%	0.0%
THS	C	0.0%	0.06%	0.0%
TILE	B	0.0%	0.02%	0.0%
TKR	D	0.0%	0.16%	0.0%
TMHC	A	0.01%	0.2%	0.01%
TMP	C	0.0%	0.02%	0.0%
TNL	D	0.01%	0.09%	0.01%
TOL	B	0.05%	0.44%	0.05%
TPH	C	0.01%	0.12%	0.01%
TPR	C	0.01%	0.28%	0.01%
TRMK	C	0.0%	0.05%	0.0%
TRN	D	0.0%	0.08%	0.0%
TTEK	C	0.03%	0.37%	0.03%
TTMI	D	0.0%	0.06%	0.0%
UA	D	0.0%	0.04%	0.0%
UAA	C	0.0%	0.04%	0.0%
UBSI	B	0.0%	0.15%	0.0%
UCBI	B	0.0%	0.11%	0.0%
UE	B	0.0%	0.07%	0.0%
UFCS	D	0.0%	0.01%	0.0%
UFPI	C	0.01%	0.21%	0.01%
UGI	C	0.0%	0.16%	0.0%
UHS	B	0.03%	0.4%	0.03%
UHT	B	0.0%	0.0%	0.0%
UMBF	B	0.01%	0.12%	0.01%
UNF	C	0.0%	0.08%	0.0%
UNFI	C	0.0%	0.03%	0.0%
UNIT	C	0.0%	0.03%	0.0%
UNM	B	0.01%	0.26%	0.01%
URBN	F	0.0%	0.07%	0.0%
USFD	B	0.03%	0.43%	0.03%
USNA	F	0.0%	0.01%	0.0%
UTHR	C	0.04%	0.47%	0.04%
UVV	D	0.0%	0.04%	0.0%
VAC	F	0.0%	0.07%	0.0%
VFC	C	0.0%	0.19%	0.0%
VGR	B	0.0%	0.06%	0.0%
VIAV	D	0.0%	0.06%	0.0%
VLY	C	0.0%	0.11%	0.0%
VMI	D	0.0%	0.17%	0.0%
VNO	B	0.01%	0.17%	0.01%
VNT	F	0.01%	0.16%	0.01%
VOYA	B	0.01%	0.21%	0.01%
VREX	F	0.0%	0.01%	0.0%
VRTS	F	0.0%	0.04%	0.0%
VSAT	F	0.0%	0.05%	0.0%
VSCO	C	0.0%	0.05%	0.0%
VSH	F	0.0%	0.07%	0.0%
VSTO	C	0.0%	0.03%	0.0%
VSTS	D	0.0%	0.05%	0.0%
VVV	D	0.01%	0.16%	0.01%
WABC	D	0.0%	0.04%	0.0%
WAFD	C	0.0%	0.09%	0.0%
WBS	D	0.0%	0.24%	0.0%
WCC	D	0.0%	0.25%	0.0%
WD	A	0.01%	0.1%	0.01%
WEN	C	0.0%	0.09%	0.0%
WERN	D	0.0%	0.07%	0.0%
WHR	D	0.0%	0.16%	0.0%
WLK	D	0.01%	0.08%	0.01%
WNC	F	0.0%	0.02%	0.0%
WOR	D	0.0%	0.04%	0.0%
WS	D	0.0%	0.04%	0.0%
WSFS	D	0.0%	0.1%	0.0%
WSM	D	0.06%	0.4%	0.06%
WTFC	B	0.01%	0.21%	0.01%
WTRG	D	0.0%	0.28%	0.0%
WTS	C	0.0%	0.16%	0.0%
WU	F	0.01%	0.12%	0.01%
WWW	B	0.0%	0.03%	0.0%
X	F	0.03%	0.23%	0.03%
XHR	B	0.0%	0.02%	0.0%
XPO	D	0.04%	0.19%	0.04%
XRAY	D	0.0%	0.15%	0.0%
XRX	D	0.0%	0.04%	0.0%
ZD	D	0.0%	0.07%	0.0%
ZION	D	0.01%	0.21%	0.01%

MMTM Overweight 809 Positions Relative to VBR

Symbol	Grade	Weight
NVDA	D	11.37%
MSFT	C	8.53%
AMZN	C	5.28%
AAPL	C	4.15%
META	B	4.01%
LLY	C	2.75%
AVGO	C	2.64%
GOOGL	D	2.62%
GOOG	D	2.19%
BRK.A	C	1.38%
JPM	D	1.36%
COST	B	1.33%
NFLX	B	0.97%
WMT	C	0.78%
AMD	D	0.75%
XOM	C	0.74%
V	C	0.67%
GE	B	0.65%
ABBV	C	0.65%
QCOM	D	0.61%
MA	B	0.6%
BAC	D	0.6%
MRK	D	0.55%
ORCL	C	0.54%
AMAT	D	0.53%
ISRG	B	0.51%
PGR	B	0.51%
AMGN	B	0.51%
NOW	B	0.49%
T	C	0.48%
UNH	C	0.48%
UBER	C	0.47%
WFC	D	0.45%
PG	C	0.45%
CRM	D	0.42%
AXP	B	0.42%
VZ	B	0.42%
IBM	B	0.41%
INTU	C	0.41%
ETN	C	0.4%
BSX	B	0.4%
LIN	B	0.38%
REGN	C	0.38%
MU	F	0.36%
CAT	B	0.35%
GS	C	0.35%
C	C	0.34%
KLAC	D	0.34%
BKNG	C	0.33%
ANET	B	0.33%
HD	B	0.33%
LRCX	F	0.32%
VRTX	D	0.31%
PANW	D	0.3%
RTX	C	0.3%
KO	C	0.3%
TJX	B	0.3%
KKR	B	0.28%
SPGI	B	0.28%
TT	B	0.28%
TXN	C	0.27%
DHR	B	0.27%
CMG	C	0.27%
SYK	C	0.26%
TDG	B	0.25%
APH	D	0.25%
ADBE	F	0.24%
TMUS	C	0.24%
ELV	C	0.24%
DIS	D	0.24%
CB	B	0.24%
HON	D	0.23%
MCK	F	0.22%
CRWD	D	0.22%
CTAS	B	0.22%
CEG	C	0.22%
ADI	C	0.21%
MSI	B	0.21%
PM	C	0.21%
BX	B	0.2%
CL	D	0.2%
SNPS	D	0.19%
WM	D	0.19%
MMC	C	0.19%
WELL	C	0.18%
CDNS	D	0.18%
CVX	D	0.17%
HLT	B	0.17%
GD	B	0.17%
CI	C	0.17%
ICE	C	0.17%
SCHW	D	0.16%
MS	D	0.16%
PH	B	0.16%
ECL	B	0.16%
BLK	B	0.16%
FICO	B	0.16%
ALL	B	0.16%
TMO	B	0.16%
URI	B	0.15%
ACN	C	0.15%
AJG	D	0.14%
MMM	B	0.14%
BK	B	0.14%
MPC	F	0.14%
MCO	B	0.14%
MPWR	C	0.14%
HCA	B	0.14%
SO	B	0.14%
WMB	B	0.13%
RCL	B	0.13%
LMT	C	0.13%
PNC	B	0.13%
DUK	C	0.13%
GEV	B	0.13%
MO	C	0.13%
MAR	C	0.12%
AFL	C	0.12%
ROST	C	0.12%
JNJ	C	0.12%
NEE	C	0.12%
NXPI	F	0.12%
EMR	D	0.12%
PEP	C	0.12%
PSX	F	0.12%
SPG	B	0.12%
HWM	B	0.12%
FIS	B	0.11%
UNP	C	0.11%
HIG	B	0.11%
OKE	B	0.11%
TRGP	B	0.11%
DLR	B	0.11%
FDX	C	0.11%
GM	C	0.11%
ORLY	C	0.11%
IR	C	0.11%
SHW	B	0.11%
IRM	C	0.11%
TFC	C	0.11%
AXON	B	0.1%
GRMN	D	0.1%
AMT	C	0.1%
COF	B	0.1%
ROP	C	0.1%
CSCO	C	0.1%
ABT	C	0.1%
TRV	C	0.1%
AIG	D	0.1%
AZO	D	0.1%
VST	C	0.1%
TGT	C	0.1%
PCAR	D	0.1%
ADSK	C	0.1%
PEG	B	0.09%
PRU	C	0.09%
FCX	D	0.09%
AMP	A	0.09%
LHX	C	0.09%
CPRT	D	0.09%
GWW	B	0.09%
VLO	F	0.09%
RSG	D	0.09%
ACGL	C	0.09%
FANG	D	0.09%
MET	B	0.08%
KMI	B	0.08%
ADP	B	0.08%
WAB	B	0.08%
DECK	C	0.08%
PWR	B	0.08%
IT	B	0.08%
SMCI	F	0.08%
DHI	B	0.08%
COP	D	0.08%
LEN	B	0.08%
NTAP	D	0.08%
STX	C	0.07%
XYL	C	0.07%
MLM	D	0.07%
EBAY	B	0.07%
DFS	B	0.07%
CARR	B	0.07%
EW	F	0.07%
EFX	B	0.07%
CME	C	0.07%
AEP	C	0.07%
PHM	B	0.07%
GDDY	C	0.07%
VRSK	D	0.07%
KMB	D	0.07%
LOW	B	0.07%
WDC	D	0.07%
CDW	D	0.06%
AVB	B	0.06%
SYF	C	0.06%
CSX	D	0.06%
MDT	C	0.06%
FAST	C	0.06%
PLD	C	0.06%
LII	B	0.06%
GLW	C	0.06%
USB	B	0.06%
WTW	C	0.06%
PSA	B	0.06%
NDAQ	A	0.06%
MCD	B	0.06%
TSCO	C	0.06%
EXR	B	0.06%
TSLA	C	0.06%
FITB	B	0.06%
WING	B	0.05%
VLTO	C	0.05%
CBOE	C	0.05%
CMCSA	D	0.05%
SRE	C	0.05%
CASY	D	0.05%
BR	D	0.05%
BURL	B	0.05%
ERIE	B	0.05%
EOG	D	0.05%
TEL	D	0.05%
TPL	B	0.05%
TER	D	0.05%
IFF	B	0.05%
NOC	B	0.05%
NVR	B	0.05%
PSTG	F	0.05%
TYL	C	0.05%
GILD	B	0.05%
CMI	C	0.05%
VMC	D	0.05%
DOV	B	0.05%
DPZ	F	0.04%
LNW	B	0.04%
CAH	C	0.04%
CW	B	0.04%
BLD	D	0.04%
ABNB	D	0.04%
RJF	C	0.04%
MANH	B	0.04%
TXRH	C	0.04%
AON	B	0.04%
ESS	B	0.04%
IBKR	B	0.04%
FNF	B	0.04%
CBRE	A	0.04%
PKG	B	0.04%
SRPT	D	0.04%
WRB	C	0.04%
OTIS	C	0.04%
EQIX	C	0.04%
FIX	B	0.04%
NEM	B	0.04%
HPQ	D	0.04%
PTC	D	0.04%
ZTS	C	0.04%
MTD	D	0.04%
A	C	0.04%
MTB	B	0.04%
HPE	D	0.04%
CRS	B	0.03%
DAL	C	0.03%
CCI	C	0.03%
GEHC	C	0.03%
MAS	B	0.03%
YUM	D	0.03%
J	C	0.03%
BRBR	C	0.03%
L	C	0.03%
KDP	B	0.03%
O	C	0.03%
CNC	D	0.03%
MEDP	F	0.03%
MCHP	F	0.03%
NSC	C	0.03%
F	F	0.03%
WSO	C	0.03%
EIX	C	0.03%
OLED	C	0.03%
PCG	C	0.03%
ROL	C	0.03%
NBIX	F	0.03%
RBA	B	0.03%
PAYX	C	0.03%
DE	B	0.03%
BWXT	D	0.03%
FN	D	0.03%
DD	B	0.03%
IP	B	0.03%
CHD	D	0.03%
OXY	F	0.03%
NWSA	D	0.03%
CLH	A	0.03%
KEY	B	0.03%
MDLZ	B	0.03%
FSLR	C	0.03%
KR	C	0.03%
WWD	D	0.03%
ONTO	D	0.03%
AVY	C	0.03%
ITW	C	0.03%
JCI	B	0.03%
CFG	C	0.03%
EA	D	0.03%
CTSH	C	0.03%
VTR	C	0.03%
ETR	B	0.03%
CINF	B	0.03%
EQR	B	0.03%
AME	C	0.03%
HBAN	B	0.03%
EXPE	C	0.02%
ARE	C	0.02%
LYV	B	0.02%
DGX	B	0.02%
AVAV	C	0.02%
PFG	B	0.02%
CE	F	0.02%
KHC	C	0.02%
CUBE	B	0.02%
CNP	C	0.02%
AAON	B	0.02%
RBC	C	0.02%
OLLI	C	0.02%
MRNA	F	0.02%
AOS	D	0.02%
TROW	D	0.02%
ATI	C	0.02%
NUE	F	0.02%
SAIA	D	0.02%
FSS	D	0.02%
SLB	F	0.02%
WAT	C	0.02%
RDNT	B	0.02%
STE	C	0.02%
IBP	D	0.02%
EXP	B	0.02%
ACIW	B	0.02%
VICI	C	0.02%
RYAN	D	0.02%
CHDN	C	0.02%
AWI	B	0.02%
DTE	C	0.02%
RF	B	0.02%
MTSI	D	0.02%
MORN	C	0.02%
BALL	C	0.02%
PFE	C	0.02%
SKX	D	0.02%
COKE	C	0.02%
APD	B	0.02%
EG	C	0.02%
ENSG	B	0.02%
SYY	D	0.02%
CTVA	B	0.02%
TSN	C	0.02%
STZ	D	0.02%
FE	C	0.02%
BBY	C	0.02%
INVH	C	0.02%
CROX	D	0.02%
CVLT	B	0.02%
PPL	C	0.02%
BDX	D	0.02%
WFRD	F	0.02%
IQV	C	0.02%
LYB	D	0.02%
TTWO	C	0.02%
CYTK	F	0.02%
MRO	C	0.02%
ELF	F	0.02%
STT	A	0.02%
OMC	B	0.02%
CNM	F	0.02%
GKOS	C	0.02%
HLI	B	0.02%
DUOL	B	0.02%
NTRS	A	0.02%
BKR	C	0.02%
CPAY	B	0.02%
D	C	0.02%
WMS	D	0.02%
HES	F	0.02%
INTC	F	0.02%
DOW	D	0.02%
TXT	D	0.02%
ED	C	0.02%
LUV	C	0.01%
KRG	B	0.01%
LNTH	D	0.01%
ULTA	D	0.01%
UFPT	B	0.01%
GPC	D	0.01%
GNTX	F	0.01%
ENVA	C	0.01%
HOLX	B	0.01%
PJT	B	0.01%
LMAT	C	0.01%
SPSC	D	0.01%
PATK	B	0.01%
WST	D	0.01%
CLX	C	0.01%
LBRT	D	0.01%
RGLD	C	0.01%
NMIH	B	0.01%
NDSN	C	0.01%
WY	C	0.01%
MMSI	B	0.01%
AEE	C	0.01%
EPRT	B	0.01%
NEU	D	0.01%
CF	C	0.01%
CRL	F	0.01%
K	B	0.01%
CVS	D	0.01%
CVCO	A	0.01%
MARA	F	0.01%
SHAK	C	0.01%
HAL	F	0.01%
TKO	B	0.01%
AKAM	D	0.01%
MTDR	F	0.01%
STC	B	0.01%
NSA	B	0.01%
TREX	D	0.01%
EQT	D	0.01%
KEYS	C	0.01%
PLUS	A	0.01%
CHE	C	0.01%
IRT	B	0.01%
LOPE	D	0.01%
BMRN	F	0.01%
MGY	C	0.01%
FDS	C	0.01%
SWKS	D	0.01%
SSD	D	0.01%
PLMR	C	0.01%
CALM	A	0.01%
LNT	B	0.01%
POWL	C	0.01%
SBAC	C	0.01%
UDR	C	0.01%
CRVL	B	0.01%
CEIX	D	0.01%
GPN	D	0.01%
AWK	B	0.01%
BIIB	F	0.01%
KNSL	C	0.01%
EXLS	B	0.01%
CPB	C	0.01%
PYPL	B	0.01%
PPG	D	0.01%
ROK	D	0.01%
JKHY	B	0.01%
MHO	B	0.01%
NWS	D	0.01%
CELH	F	0.01%
BA	F	0.01%
BCPC	C	0.01%
TPX	C	0.01%
PLNT	B	0.01%
HWKN	C	0.01%
DRI	B	0.01%
CIEN	C	0.01%
CSGP	D	0.01%
AMR	F	0.01%
GGG	C	0.01%
ODFL	D	0.01%
UPS	D	0.01%
BMY	C	0.01%
NKE	D	0.01%
XEL	B	0.01%
MNST	D	0.01%
BOOT	A	0.01%
ALV	F	0.01%
HST	C	0.01%
RMD	C	0.01%
AMCR	B	0.01%
ITRI	C	0.01%
ALTR	C	0.01%
CMS	C	0.01%
TDW	F	0.01%
FORM	F	0.01%
VRRM	D	0.01%
AMH	C	0.01%
HUM	F	0.01%
CTRA	D	0.01%
EXPD	C	0.01%
CCL	C	0.01%
BMI	A	0.01%
SNA	C	0.01%
TRMB	C	0.01%
SBUX	C	0.01%
ZBRA	B	0.01%
GIS	B	0.01%
EXC	C	0.01%
VTRS	D	0.01%
IDXX	C	0.01%
IIPR	B	0.01%
FTV	C	0.01%
EXEL	C	0.01%
MSCI	C	0.01%
GMED	D	0.01%
MAA	B	0.01%
DXCM	F	0.01%
DVN	F	0.01%
HQY	C	0.01%
ANSS	D	0.01%
H	C	0.01%
APPF	D	0.01%
TDY	B	0.01%
MOH	D	0.01%
HALO	C	0.01%
WEC	C	0.01%
DDD	F	0.0%
PAHC	B	0.0%
FLGT	D	0.0%
RES	D	0.0%
RGNX	F	0.0%
CCRN	F	0.0%
HZO	C	0.0%
SLP	F	0.0%
HFWA	C	0.0%
TR	C	0.0%
GDOT	C	0.0%
AOSL	D	0.0%
VIR	F	0.0%
BSIG	B	0.0%
CHUY	C	0.0%
XPEL	D	0.0%
SPTN	C	0.0%
AHCO	C	0.0%
RCUS	C	0.0%
WOLF	F	0.0%
SBSI	B	0.0%
DGII	D	0.0%
SEDG	F	0.0%
TALO	D	0.0%
PARR	F	0.0%
QNST	B	0.0%
HRMY	B	0.0%
LNN	D	0.0%
DEA	B	0.0%
MP	D	0.0%
SABR	D	0.0%
TWI	D	0.0%
CHCT	F	0.0%
GOGO	F	0.0%
CLW	F	0.0%
MYE	D	0.0%
FOXF	D	0.0%
ALGM	F	0.0%
STAA	F	0.0%
DVAX	D	0.0%
CHEF	D	0.0%
FBNC	B	0.0%
HLIT	C	0.0%
CEVA	C	0.0%
CVGW	C	0.0%
RCM	C	0.0%
AMPH	C	0.0%
NBR	F	0.0%
ADNT	F	0.0%
ROG	F	0.0%
EXTR	C	0.0%
ASTH	B	0.0%
PGNY	F	0.0%
ALGT	F	0.0%
SBCF	C	0.0%
LGIH	C	0.0%
BLFS	C	0.0%
ARWR	F	0.0%
GDEN	D	0.0%
NEO	C	0.0%
CNMD	D	0.0%
YELP	F	0.0%
VTOL	D	0.0%
VICR	D	0.0%
DV	F	0.0%
TNDM	C	0.0%
VC	F	0.0%
SXC	F	0.0%
ENV	C	0.0%
PLAY	F	0.0%
SLAB	D	0.0%
COLM	C	0.0%
DORM	B	0.0%
LCII	C	0.0%
POWI	F	0.0%
ORA	C	0.0%
XNCR	C	0.0%
IRWD	F	0.0%
RC	F	0.0%
BYD	C	0.0%
CNSL	B	0.0%
MODG	F	0.0%
RILY	F	0.0%
RH	B	0.0%
SJW	C	0.0%
ALG	D	0.0%
FIZZ	D	0.0%
NVEE	F	0.0%
SDGR	D	0.0%
GTLS	F	0.0%
MASI	F	0.0%
AMSF	C	0.0%
DAR	F	0.0%
RUN	C	0.0%
PCTY	C	0.0%
JOE	C	0.0%
GXO	D	0.0%
BEN	F	0.0%
LSCC	D	0.0%
USPH	F	0.0%
HCI	C	0.0%
GSHD	C	0.0%
CGNX	F	0.0%
KLIC	F	0.0%
AHH	B	0.0%
LQDT	B	0.0%
HGV	F	0.0%
LKFN	C	0.0%
NARI	F	0.0%
TRIP	F	0.0%
BL	D	0.0%
CPRX	A	0.0%
WBA	F	0.0%
PRFT	B	0.0%
PAYC	D	0.0%
RGEN	F	0.0%
JBT	D	0.0%
CZR	C	0.0%
ASIX	C	0.0%
UTL	C	0.0%
LESL	F	0.0%
CWT	C	0.0%
JBSS	D	0.0%
IPAR	F	0.0%
COHU	F	0.0%
PDFS	F	0.0%
CTS	D	0.0%
JJSF	C	0.0%
DAY	D	0.0%
PEN	D	0.0%
KLG	C	0.0%
MKTX	C	0.0%
CERT	F	0.0%
BANC	B	0.0%
EXPI	C	0.0%
ALB	D	0.0%
IIIN	D	0.0%
CPK	B	0.0%
AEIS	D	0.0%
VVI	D	0.0%
ACLS	F	0.0%
INCY	C	0.0%
EFC	B	0.0%
COLL	C	0.0%
GPRE	F	0.0%
MSEX	C	0.0%
ATEN	C	0.0%
SMP	C	0.0%
SHC	C	0.0%
OPCH	C	0.0%
CALX	D	0.0%
SAM	F	0.0%
TRST	C	0.0%
YETI	D	0.0%
POOL	C	0.0%
TECH	C	0.0%
MTN	D	0.0%
DLTR	F	0.0%
ZEUS	F	0.0%
HVT	D	0.0%
ALKS	C	0.0%
TRUP	C	0.0%
ENPH	D	0.0%
ICHR	F	0.0%
MERC	F	0.0%
JBHT	D	0.0%
SHEN	F	0.0%
BOX	C	0.0%
FIVE	D	0.0%
MTCH	C	0.0%
TTGT	F	0.0%
MRTN	D	0.0%
CHH	C	0.0%
SSTK	F	0.0%
MOV	F	0.0%
ALGN	D	0.0%
PODD	B	0.0%
FOX	B	0.0%
DIOD	F	0.0%
LVS	D	0.0%
SGH	F	0.0%
CAG	C	0.0%
NEOG	D	0.0%
DG	F	0.0%
MGPI	D	0.0%
WDFC	C	0.0%
VRSN	D	0.0%
HAE	F	0.0%
SMPL	D	0.0%
MTUS	F	0.0%
VAL	F	0.0%
TBBK	B	0.0%
AGYS	D	0.0%
WBD	D	0.0%
DBX	D	0.0%
LFUS	C	0.0%
LIVN	D	0.0%
IRDM	D	0.0%
FTDR	B	0.0%
CCOI	C	0.0%
FCPT	C	0.0%
ILMN	C	0.0%
PRDO	D	0.0%
BAX	C	0.0%
MRCY	D	0.0%
APTV	D	0.0%
REX	D	0.0%
HSII	C	0.0%
OII	D	0.0%
RMBS	F	0.0%
ETSY	F	0.0%
RAMP	F	0.0%
ZBH	F	0.0%
THRM	D	0.0%
DCOM	B	0.0%
SNEX	B	0.0%
WGO	D	0.0%
CUBI	F	0.0%
KWR	D	0.0%
DT	C	0.0%
WYNN	D	0.0%
CNXN	B	0.0%
MYRG	F	0.0%
ETH	D	0.0%
DLB	D	0.0%
MKC	C	0.0%
LANC	D	0.0%
VBTX	B	0.0%
HAFC	C	0.0%
EL	F	0.0%
ADUS	B	0.0%
ES	C	0.0%
GRBK	B	0.0%
GNRC	D	0.0%
CPF	B	0.0%
CENX	D	0.0%
ROCK	D	0.0%
CHX	F	0.0%
PLAB	F	0.0%
PFBC	D	0.0%
FELE	C	0.0%
ARLO	F	0.0%
HSY	C	0.0%
MSGS	B	0.0%
LULU	D	0.0%
HXL	F	0.0%
MCRI	C	0.0%
NOVT	D	0.0%
FBK	B	0.0%
NOG	D	0.0%
REXR	C	0.0%
LW	D	0.0%
ON	D	0.0%
TTC	D	0.0%
HRL	C	0.0%
FOXA	B	0.0%
CHTR	D	0.0%
SCVL	B	0.0%
WH	B	0.0%
BRKR	D	0.0%
NOV	F	0.0%
CASH	B	0.0%
ADM	D	0.0%
EPAC	B	0.0%
CIVI	F	0.0%
FND	C	0.0%
SITM	B	0.0%
ANIP	D	0.0%
EEFT	D	0.0%
HLX	F	0.0%
CCS	B	0.0%
CORT	C	0.0%
SLVM	B	0.0%
LSTR	D	0.0%
WEX	C	0.0%
MMS	C	0.0%
QLYS	F	0.0%
CARG	B	0.0%
EXPO	A	0.0%
SMTC	C	0.0%
TNC	F	0.0%
KVUE	C	0.0%
MGM	F	0.0%
SWK	B	0.0%
VCEL	D	0.0%
ALRM	F	0.0%
ELS	C	0.0%
FTNT	C	0.0%
DFIN	B	0.0%
LPG	F	0.0%
UAL	C	0.0%
UCTT	F	0.0%
VECO	F	0.0%
LECO	F	0.0%

MMTM Underweight 184 Positions Relative to VBR

Symbol	Grade	Weight
FCNCA	D	-0.65%
BAH	C	-0.6%
RIVN	F	-0.33%
Z	B	-0.26%
APG	D	-0.26%
WAL	B	-0.25%
ALSN	B	-0.24%
BPOP	C	-0.22%
AGNC	B	-0.22%
ELAN	D	-0.22%
ACI	F	-0.2%
UHAL	A	-0.19%
AXS	B	-0.18%
BECN	D	-0.17%
ESI	D	-0.17%
OMF	D	-0.17%
SUM	D	-0.15%
MDGL	F	-0.13%
ZWS	A	-0.13%
WTM	D	-0.13%
PSN	B	-0.13%
LYFT	D	-0.12%
TPG	B	-0.12%
ESGR	D	-0.12%
DNB	C	-0.12%
GTES	C	-0.12%
AUR	B	-0.12%
HUN	D	-0.11%
IAC	C	-0.11%
NUVL	C	-0.1%
EBC	B	-0.1%
NHI	C	-0.1%
ATKR	F	-0.1%
BNL	B	-0.1%
HL	C	-0.1%
IOVA	C	-0.09%
ALIT	D	-0.09%
MGEE	B	-0.09%
VIRT	C	-0.08%
RNG	F	-0.08%
SPB	C	-0.08%
LSXMK	D	-0.08%
MGRC	F	-0.08%
PFSI	C	-0.08%
FIBK	B	-0.08%
BTU	D	-0.08%
ADTN	D	-0.08%
PRIM	B	-0.08%
LAUR	C	-0.07%
TOWN	B	-0.07%
FRME	D	-0.07%
BOKF	B	-0.07%
CWEN	C	-0.07%
OUT	C	-0.07%
COMP	C	-0.07%
HURN	C	-0.06%
GOLF	D	-0.06%
IVT	B	-0.06%
ZG	B	-0.06%
JOBY	F	-0.06%
WLY	C	-0.06%
MIR	D	-0.06%
IMVT	D	-0.06%
SPR	D	-0.06%
EQC	C	-0.06%
PINC	C	-0.06%
CDE	C	-0.06%
SATS	C	-0.06%
REVG	D	-0.05%
INFA	D	-0.05%
TROX	F	-0.05%
REYN	C	-0.05%
CRGY	D	-0.05%
NMRK	A	-0.05%
WSBC	D	-0.05%
VRNT	F	-0.05%
EDR	A	-0.05%
SCS	D	-0.04%
AMRX	B	-0.04%
PDM	B	-0.04%
AIV	B	-0.04%
KFRC	D	-0.04%
INSW	D	-0.04%
JELD	D	-0.04%
VCTR	B	-0.04%
DK	F	-0.04%
MSGE	B	-0.04%
LC	D	-0.04%
BKD	D	-0.04%
PWSC	C	-0.04%
CODI	D	-0.04%
LADR	B	-0.04%
ESRT	B	-0.04%
RRR	D	-0.04%
HEES	D	-0.04%
DNUT	D	-0.03%
CGON	C	-0.03%
FG	D	-0.03%
NNI	B	-0.03%
LGF.A	F	-0.03%
CVI	F	-0.03%
LEVI	C	-0.03%
BV	C	-0.03%
CWEN	C	-0.03%
RBRK	D	-0.03%
CMTG	D	-0.03%
SIRI	C	-0.03%
ETWO	C	-0.03%
FA	B	-0.03%
RKLB	C	-0.03%
SNDR	B	-0.03%
HTLF	B	-0.03%
DDS	F	-0.03%
TRS	D	-0.03%
ATSG	D	-0.03%
THR	D	-0.03%
MRC	D	-0.03%
CNNE	D	-0.03%
DBRG	D	-0.03%
WMK	C	-0.03%
ACT	B	-0.03%
HE	F	-0.03%
FOR	C	-0.02%
KREF	B	-0.02%
SMR	D	-0.02%
CNDT	C	-0.02%
HY	F	-0.02%
BMBL	F	-0.02%
UHAL	A	-0.02%
SWI	B	-0.02%
SMMT	C	-0.02%
AMC	F	-0.02%
USM	C	-0.02%
HLIO	D	-0.02%
BASE	F	-0.02%
SEB	D	-0.02%
ECVT	F	-0.02%
HLF	F	-0.02%
BRSP	D	-0.02%
MEI	D	-0.01%
PACB	D	-0.01%
RDUS	D	-0.01%
OPK	C	-0.01%
NPK	D	-0.01%
OLPX	C	-0.01%
WOOF	C	-0.01%
BRCC	F	-0.01%
ALX	B	-0.01%
ZIP	D	-0.01%
KRO	D	-0.01%
DJT	F	-0.01%
CRCT	C	-0.01%
TRTX	C	-0.01%
EE	B	-0.01%
RUSHB	C	-0.01%
SWBI	F	-0.01%
HTZ	F	-0.01%
NAPA	F	-0.01%
CENT	F	-0.01%
WRLD	D	-0.01%
RMR	C	-0.01%
VMEO	C	-0.01%
AMK	B	-0.01%
ATUS	C	-0.01%
GRC	D	-0.01%
PTVE	D	-0.01%
UDMY	D	-0.01%
DAWN	D	-0.01%
TWKS	C	-0.01%
CCO	C	-0.01%
CWH	C	-0.01%
GCMG	B	-0.01%
CLBK	C	-0.01%
LGF.A	F	-0.01%
AMBC	D	-0.01%
SSP	F	-0.0%
SCWX	C	-0.0%
AC	C	-0.0%
TTEC	F	-0.0%
CRNC	F	-0.0%
SAVE	F	-0.0%
CHGG	F	-0.0%
ACDC	F	-0.0%
LDI	C	-0.0%