SAA vs. VBR ETF Comparison

Comparison of ProShares Ultra SmallCap600 (SAA) to Vanguard Small-Cap Value ETF - DNQ (VBR)

SAA

ProShares Ultra SmallCap600

SAA Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.67

Average Daily Volume

9,207

Number of Holdings ^*

586

* 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

$207.08

Average Daily Volume

421,482

Number of Holdings ^*

797

* may have additional holdings in another (foreign) market

Performance

Period	SAA	VBR
30 Days	3.84%	0.99%
60 Days	6.38%	4.06%
90 Days	11.01%	7.32%
12 Months	45.33%	29.33%

331 Overlapping Holdings

Symbol	Grade	Weight in SAA	Weight in VBR	Overlap
AAP	D	0.1%	0.07%	0.07%
AAT	A	0.06%	0.04%	0.04%
ABCB	B	0.2%	0.12%	0.12%
ABG	B	0.24%	0.14%	0.14%
ABM	B	0.16%	0.1%	0.1%
ABR	B	0.13%	0.08%	0.08%
ACA	A	0.23%	0.13%	0.13%
AEO	F	0.15%	0.11%	0.11%
AGO	A	0.2%	0.11%	0.11%
AIN	C	0.12%	0.08%	0.08%
AIR	B	0.1%	0.06%	0.06%
AKR	A	0.12%	0.07%	0.07%
AL	B	0.22%	0.13%	0.13%
ALEX	B	0.06%	0.04%	0.04%
ALK	A	0.29%	0.16%	0.16%
AMBC	C	0.02%	0.01%	0.01%
AMN	F	0.05%	0.05%	0.05%
AMWD	C	0.07%	0.02%	0.02%
ANDE	F	0.07%	0.05%	0.05%
APAM	B	0.15%	0.09%	0.09%
APLE	B	0.16%	0.09%	0.09%
APOG	B	0.09%	0.04%	0.04%
ARCB	C	0.12%	0.07%	0.07%
ARCH	B	0.14%	0.07%	0.07%
ARI	C	0.05%	0.04%	0.04%
AROC	A	0.17%	0.09%	0.09%
ASO	F	0.17%	0.12%	0.12%
ASTE	C	0.04%	0.02%	0.02%
ATGE	B	0.15%	0.08%	0.08%
AUB	B	0.17%	0.1%	0.1%
AVA	C	0.13%	0.09%	0.09%
AVNS	F	0.04%	0.03%	0.03%
AWR	A	0.15%	0.09%	0.09%
AX	B	0.2%	0.1%	0.1%
AXL	C	0.04%	0.02%	0.02%
AZZ	A	0.11%	0.07%	0.07%
B	A	0.1%	0.05%	0.05%
BANF	B	0.11%	0.06%	0.06%
BANR	B	0.11%	0.06%	0.06%
BBWI	C	0.3%	0.2%	0.2%
BCC	C	0.25%	0.16%	0.16%
BDN	C	0.04%	0.03%	0.03%
BFH	B	0.13%	0.07%	0.07%
BFS	C	0.02%	0.01%	0.01%
BGC	C	0.2%	0.09%	0.09%
BGS	F	0.02%	0.02%	0.02%
BHE	B	0.08%	0.04%	0.04%
BHLB	B	0.06%	0.03%	0.03%
BJRI	C	0.04%	0.01%	0.01%
BKE	B	0.06%	0.04%	0.04%
BKU	A	0.13%	0.08%	0.08%
BLMN	F	0.05%	0.04%	0.04%
BOH	B	0.14%	0.07%	0.07%
BRC	C	0.15%	0.09%	0.09%
BRKL	B	0.05%	0.02%	0.02%
BTU	C	0.16%	0.09%	0.09%
BXMT	C	0.15%	0.07%	0.07%
CABO	C	0.08%	0.05%	0.05%
CAKE	B	0.1%	0.05%	0.05%
CAL	F	0.05%	0.02%	0.02%
CARS	C	0.05%	0.03%	0.03%
CATY	B	0.17%	0.08%	0.08%
CBRL	C	0.05%	0.03%	0.03%
CBU	B	0.16%	0.09%	0.09%
CENT	C	0.02%	0.01%	0.01%
CENTA	C	0.07%	0.05%	0.05%
CFFN	B	0.04%	0.02%	0.02%
CHCO	B	0.09%	0.05%	0.05%
CLB	C	0.04%	0.01%	0.01%
CMA	B	0.41%	0.23%	0.23%
CNK	A	0.15%	0.04%	0.04%
COOP	B	0.29%	0.16%	0.16%
CRC	A	0.18%	0.12%	0.12%
CRGY	A	0.09%	0.05%	0.05%
CSGS	B	0.07%	0.04%	0.04%
CSR	A	0.05%	0.03%	0.03%
CVBF	B	0.13%	0.07%	0.07%
CVI	D	0.03%	0.02%	0.02%
CWEN	C	0.1%	0.03%	0.03%
CWEN	C	0.1%	0.07%	0.07%
CWEN	C	0.04%	0.03%	0.03%
CWEN	C	0.04%	0.07%	0.04%
CWK	C	0.15%	0.09%	0.09%
CXW	B	0.11%	0.04%	0.04%
DAN	F	0.05%	0.04%	0.04%
DEI	B	0.15%	0.08%	0.08%
DLX	B	0.05%	0.02%	0.02%
DNOW	B	0.07%	0.04%	0.04%
DRH	B	0.09%	0.05%	0.05%
DXC	D	0.18%	0.11%	0.11%
DY	C	0.25%	0.08%	0.08%
EAT	A	0.23%	0.09%	0.09%
ECPG	C	0.05%	0.03%	0.03%
EGBN	B	0.04%	0.01%	0.01%
EIG	B	0.06%	0.03%	0.03%
ELME	D	0.07%	0.04%	0.04%
EMBC	D	0.04%	0.02%	0.02%
ENR	B	0.1%	0.07%	0.07%
EPC	F	0.08%	0.05%	0.05%
ESE	B	0.17%	0.1%	0.1%
EVTC	B	0.1%	0.06%	0.06%
EYE	C	0.04%	0.02%	0.02%
FBP	B	0.15%	0.1%	0.1%
FBRT	C	0.05%	0.03%	0.03%
FCF	B	0.08%	0.05%	0.05%
FDP	B	0.05%	0.03%	0.03%
FFBC	B	0.12%	0.07%	0.07%
FHB	B	0.16%	0.09%	0.09%
FL	F	0.09%	0.07%	0.07%
FTRE	D	0.1%	0.05%	0.05%
FUL	F	0.19%	0.12%	0.12%
FULT	B	0.17%	0.09%	0.09%
FWRD	D	0.03%	0.01%	0.01%
GBX	B	0.09%	0.04%	0.04%
GEO	A	0.16%	0.05%	0.05%
GES	F	0.02%	0.02%	0.02%
GFF	B	0.13%	0.09%	0.09%
GIII	D	0.06%	0.03%	0.03%
GMS	B	0.18%	0.1%	0.1%
GNL	D	0.07%	0.06%	0.06%
GNW	A	0.14%	0.09%	0.09%
GO	C	0.08%	0.04%	0.04%
GPI	B	0.24%	0.14%	0.14%
GTES	A	0.22%	0.12%	0.12%
GTY	A	0.07%	0.04%	0.04%
GVA	A	0.19%	0.1%	0.1%
HAIN	D	0.03%	0.02%	0.02%
HASI	F	0.15%	0.12%	0.12%
HAYW	B	0.1%	0.07%	0.07%
HBI	B	0.13%	0.07%	0.07%
HCC	B	0.18%	0.1%	0.1%
HCSG	C	0.04%	0.02%	0.02%
HELE	C	0.06%	0.04%	0.04%
HI	C	0.1%	0.06%	0.06%
HIW	D	0.16%	0.1%	0.1%
HMN	B	0.08%	0.04%	0.04%
HNI	B	0.12%	0.07%	0.07%
HOPE	B	0.07%	0.04%	0.04%
HP	C	0.16%	0.04%	0.04%
HPP	F	0.03%	0.02%	0.02%
HTH	B	0.07%	0.04%	0.04%
HTLD	B	0.02%	0.02%	0.02%
HTZ	C	0.02%	0.01%	0.01%
HUBG	A	0.13%	0.08%	0.08%
IAC	D	0.17%	0.11%	0.11%
IART	C	0.07%	0.03%	0.03%
IBTX	B	0.11%	0.06%	0.06%
ICUI	D	0.19%	0.12%	0.12%
INDB	B	0.14%	0.07%	0.07%
INN	D	0.03%	0.01%	0.01%
INVA	C	0.05%	0.03%	0.03%
IOSP	C	0.14%	0.08%	0.08%
ITGR	B	0.21%	0.13%	0.13%
JACK	D	0.04%	0.03%	0.03%
JBGS	F	0.07%	0.04%	0.04%
JBLU	F	0.09%	0.03%	0.03%
JXN	C	0.37%	0.2%	0.2%
KALU	C	0.06%	0.03%	0.03%
KAR	A	0.1%	0.05%	0.05%
KELYA	F	0.02%	0.02%	0.02%
KFY	B	0.19%	0.11%	0.11%
KMT	C	0.1%	0.06%	0.06%
KN	B	0.08%	0.04%	0.04%
KOP	C	0.03%	0.02%	0.02%
KREF	D	0.03%	0.02%	0.02%
KSS	F	0.09%	0.06%	0.06%
KTB	A	0.2%	0.13%	0.13%
KWR	D	0.11%	0.03%	0.03%
LCII	D	0.13%	0.04%	0.04%
LEG	F	0.07%	0.05%	0.05%
LESL	C	0.02%	0.0%	0.0%
LGND	C	0.1%	0.05%	0.05%
LNC	B	0.27%	0.15%	0.15%
LRN	A	0.2%	0.05%	0.05%
LTC	B	0.08%	0.05%	0.05%
LUMN	C	0.44%	0.21%	0.21%
LXP	D	0.13%	0.08%	0.08%
LZB	B	0.08%	0.05%	0.05%
MAC	A	0.19%	0.11%	0.11%
MATV	F	0.03%	0.03%	0.03%
MATW	C	0.03%	0.02%	0.02%
MATX	B	0.25%	0.14%	0.14%
MCY	B	0.09%	0.05%	0.05%
MD	C	0.06%	0.03%	0.03%
MDU	D	0.16%	0.15%	0.15%
MGEE	A	0.17%	0.1%	0.1%
MHO	D	0.21%	0.06%	0.06%
MLI	B	0.48%	0.24%	0.24%
MLKN	F	0.08%	0.05%	0.05%
MMI	B	0.05%	0.03%	0.03%
MNRO	C	0.04%	0.02%	0.02%
MODG	F	0.06%	0.02%	0.02%
MOG.A	B	0.29%	0.17%	0.17%
MPW	F	0.13%	0.1%	0.1%
MTH	D	0.31%	0.21%	0.21%
MTRN	C	0.11%	0.07%	0.07%
MTX	C	0.12%	0.07%	0.07%
MXL	C	0.06%	0.02%	0.02%
MYGN	F	0.07%	0.03%	0.03%
NABL	F	0.04%	0.01%	0.01%
NATL	B	0.09%	0.06%	0.06%
NAVI	F	0.05%	0.03%	0.03%
NBHC	B	0.08%	0.05%	0.05%
NBTB	B	0.1%	0.06%	0.06%
NGVT	C	0.07%	0.04%	0.04%
NHC	B	0.08%	0.05%	0.05%
NPO	A	0.16%	0.1%	0.1%
NSIT	F	0.22%	0.2%	0.2%
NTCT	C	0.07%	0.04%	0.04%
NVRI	F	0.03%	0.01%	0.01%
NWBI	B	0.08%	0.05%	0.05%
NWL	B	0.17%	0.09%	0.09%
NWN	A	0.07%	0.04%	0.04%
NX	C	0.06%	0.04%	0.04%
ODP	F	0.04%	0.03%	0.03%
OFG	B	0.09%	0.06%	0.06%
OGN	F	0.19%	0.14%	0.14%
OI	D	0.09%	0.06%	0.06%
OMCL	C	0.1%	0.06%	0.06%
OMI	F	0.04%	0.03%	0.03%
OSIS	A	0.11%	0.07%	0.07%
OTTR	C	0.15%	0.09%	0.09%
OUT	A	0.11%	0.07%	0.07%
OXM	F	0.05%	0.04%	0.04%
PBH	A	0.18%	0.1%	0.1%
PBI	B	0.05%	0.04%	0.04%
PCRX	C	0.04%	0.02%	0.02%
PDCO	F	0.07%	0.05%	0.05%
PECO	A	0.22%	0.07%	0.07%
PENN	C	0.14%	0.08%	0.08%
PFS	B	0.12%	0.07%	0.07%
PHIN	B	0.1%	0.06%	0.06%
PINC	B	0.11%	0.06%	0.06%
PIPR	B	0.24%	0.14%	0.14%
PLXS	B	0.2%	0.11%	0.11%
PMT	D	0.05%	0.04%	0.04%
PPBI	B	0.12%	0.07%	0.07%
PRA	B	0.04%	0.02%	0.02%
PRAA	C	0.04%	0.02%	0.02%
PRG	C	0.09%	0.06%	0.06%
PRGS	B	0.13%	0.08%	0.08%
PRK	B	0.13%	0.07%	0.07%
PRLB	C	0.04%	0.02%	0.02%
PSMT	D	0.1%	0.06%	0.06%
PTEN	C	0.13%	0.09%	0.09%
PUMP	D	0.03%	0.02%	0.02%
PZZA	F	0.08%	0.05%	0.05%
RDN	D	0.23%	0.15%	0.15%
REZI	A	0.16%	0.08%	0.08%
RGR	F	0.03%	0.02%	0.02%
RHI	C	0.35%	0.19%	0.19%
RNST	B	0.11%	0.06%	0.06%
ROIC	A	0.1%	0.05%	0.05%
RUSHA	B	0.18%	0.1%	0.1%
RWT	D	0.04%	0.03%	0.03%
RXO	C	0.18%	0.06%	0.06%
SAFT	B	0.06%	0.03%	0.03%
SAH	B	0.04%	0.02%	0.02%
SANM	B	0.21%	0.1%	0.1%
SATS	C	0.14%	0.09%	0.09%
SBH	B	0.06%	0.04%	0.04%
SCHL	F	0.03%	0.02%	0.02%
SCL	D	0.08%	0.05%	0.05%
SCSC	B	0.05%	0.03%	0.03%
SEE	D	0.23%	0.12%	0.12%
SEM	B	0.19%	0.1%	0.1%
SFBS	B	0.22%	0.06%	0.06%
SFNC	B	0.14%	0.07%	0.07%
SHO	D	0.1%	0.06%	0.06%
SHOO	D	0.15%	0.05%	0.05%
SIG	C	0.2%	0.13%	0.13%
SKT	A	0.18%	0.1%	0.1%
SKYW	B	0.2%	0.09%	0.09%
SLG	B	0.24%	0.13%	0.13%
SM	C	0.22%	0.07%	0.07%
SNDR	B	0.07%	0.03%	0.03%
SPNT	A	0.06%	0.04%	0.04%
SSTK	F	0.04%	0.01%	0.01%
STBA	B	0.07%	0.04%	0.04%
STEP	B	0.19%	0.05%	0.05%
STRA	C	0.11%	0.06%	0.06%
SUPN	B	0.09%	0.05%	0.05%
SVC	F	0.02%	0.02%	0.02%
SWI	B	0.03%	0.02%	0.02%
SXI	B	0.11%	0.06%	0.06%
SXT	C	0.15%	0.1%	0.1%
TDS	B	0.14%	0.06%	0.06%
TGI	A	0.06%	0.01%	0.01%
TGNA	B	0.14%	0.08%	0.08%
THS	F	0.08%	0.06%	0.06%
TILE	B	0.07%	0.02%	0.02%
TMP	B	0.04%	0.02%	0.02%
TPH	D	0.18%	0.12%	0.12%
TRMK	B	0.11%	0.05%	0.05%
TRN	A	0.14%	0.08%	0.08%
TTMI	B	0.12%	0.05%	0.05%
UCB	A	0.17%	0.1%	0.1%
UE	A	0.13%	0.07%	0.07%
UNF	B	0.14%	0.09%	0.09%
UNFI	B	0.06%	0.03%	0.03%
UNIT	B	0.07%	0.04%	0.04%
UPBD	C	0.07%	0.05%	0.05%
URBN	C	0.1%	0.08%	0.08%
USNA	C	0.02%	0.01%	0.01%
UVV	B	0.06%	0.04%	0.04%
VFC	C	0.31%	0.22%	0.22%
VIAV	C	0.11%	0.06%	0.06%
VIRT	A	0.13%	0.07%	0.07%
VRE	A	0.07%	0.04%	0.04%
VRTS	B	0.07%	0.04%	0.04%
VSAT	F	0.03%	0.04%	0.03%
VSCO	A	0.12%	0.06%	0.06%
VSTO	A	0.12%	0.03%	0.03%
VSTS	F	0.07%	0.06%	0.06%
VYX	C	0.09%	0.06%	0.06%
WABC	B	0.07%	0.04%	0.04%
WAFD	B	0.13%	0.08%	0.08%
WD	D	0.16%	0.1%	0.1%
WERN	B	0.11%	0.07%	0.07%
WKC	D	0.07%	0.05%	0.05%
WNC	D	0.04%	0.02%	0.02%
WOR	F	0.06%	0.04%	0.04%
WRLD	D	0.02%	0.01%	0.01%
WS	B	0.07%	0.03%	0.03%
WSFS	B	0.15%	0.09%	0.09%
WT	A	0.06%	0.04%	0.04%
WWW	A	0.08%	0.04%	0.04%
XHR	B	0.07%	0.02%	0.02%
XRX	F	0.05%	0.03%	0.03%
ZD	B	0.11%	0.06%	0.06%
ZWS	B	0.25%	0.14%	0.14%

SAA Overweight 257 Positions Relative to VBR

Symbol	Grade	Weight
CRS	A	0.4%
GKOS	A	0.35%
ATI	C	0.33%
CSWI	A	0.32%
SPSC	F	0.31%
BMI	C	0.3%
AWI	B	0.3%
AVAV	C	0.29%
ETSY	D	0.28%
MMSI	A	0.27%
ACIW	B	0.27%
MARA	C	0.26%
EPRT	A	0.26%
BCPC	B	0.26%
INSP	F	0.26%
ADMA	C	0.25%
FSS	B	0.25%
CORT	C	0.25%
ITRI	B	0.25%
SHAK	C	0.24%
MC	B	0.24%
KRYS	C	0.23%
MGY	A	0.23%
CTRE	C	0.23%
IBP	F	0.22%
BOX	B	0.22%
IDCC	B	0.21%
PI	D	0.21%
RDNT	B	0.21%
ALKS	C	0.21%
AEIS	B	0.2%
HIMS	C	0.2%
FTDR	B	0.2%
WHD	B	0.2%
BOOT	D	0.19%
SITM	B	0.19%
FELE	B	0.19%
CVCO	A	0.18%
SMTC	C	0.18%
NOG	B	0.18%
CALM	A	0.17%
WDFC	B	0.17%
DORM	B	0.17%
PJT	B	0.17%
JBT	A	0.17%
MSGS	B	0.17%
TGTX	B	0.17%
VRRM	F	0.17%
CEIX	A	0.16%
CCOI	B	0.16%
POWL	C	0.15%
CRVL	A	0.15%
FORM	F	0.15%
SLVM	C	0.15%
SMPL	B	0.15%
IIPR	F	0.14%
CARG	B	0.14%
CWT	C	0.14%
BL	C	0.14%
ALRM	C	0.14%
ENV	B	0.14%
CPK	A	0.13%
CNS	B	0.13%
PATK	D	0.13%
OII	B	0.13%
TMDX	F	0.13%
LBRT	F	0.13%
NMIH	D	0.13%
DIOD	F	0.13%
YOU	D	0.12%
NARI	C	0.12%
AMR	C	0.12%
FCPT	C	0.12%
KLIC	C	0.12%
PLUS	F	0.12%
PLMR	A	0.12%
VCEL	A	0.12%
AGYS	A	0.12%
ENVA	B	0.12%
CPRX	C	0.12%
TBBK	B	0.12%
TDW	F	0.12%
PTGX	D	0.12%
DV	C	0.12%
GSHD	B	0.12%
PAYO	A	0.12%
SNEX	B	0.12%
JJSF	C	0.12%
EPAC	B	0.12%
ACLS	F	0.12%
HWKN	B	0.11%
MP	C	0.11%
YELP	C	0.11%
DOCN	D	0.11%
MYRG	C	0.11%
CCS	F	0.11%
SBCF	B	0.11%
UFPT	C	0.11%
TFIN	B	0.1%
LMAT	A	0.1%
MRCY	C	0.1%
PRVA	C	0.1%
EXTR	C	0.1%
ROCK	D	0.1%
GRBK	D	0.1%
BANC	B	0.1%
LGIH	F	0.1%
CNMD	C	0.1%
ADUS	D	0.1%
RUN	F	0.1%
IPAR	C	0.1%
RAMP	C	0.09%
ASTH	F	0.09%
FBK	B	0.09%
CALX	D	0.09%
CASH	B	0.09%
JOE	F	0.09%
STC	B	0.09%
TNDM	F	0.09%
NEO	C	0.09%
ALG	C	0.09%
SONO	C	0.08%
TRUP	B	0.08%
TRIP	F	0.08%
TNC	F	0.08%
UCTT	F	0.08%
CTS	C	0.08%
WGO	D	0.08%
ADNT	F	0.08%
AMPH	F	0.08%
LKFN	B	0.08%
ROG	D	0.08%
FBNC	B	0.08%
STAA	F	0.07%
HLX	C	0.07%
XNCR	B	0.07%
CHEF	B	0.07%
TALO	C	0.07%
PRDO	B	0.07%
CUBI	C	0.07%
PEB	F	0.07%
DVAX	C	0.07%
VBTX	B	0.07%
PLAB	D	0.07%
VECO	F	0.07%
DFIN	D	0.07%
SJW	F	0.07%
RC	D	0.06%
MSEX	B	0.06%
PLAY	D	0.06%
QNST	C	0.06%
WOLF	F	0.06%
PGNY	F	0.06%
DEA	D	0.06%
COHU	D	0.06%
VICR	C	0.06%
KW	B	0.06%
THRM	F	0.06%
HRMY	F	0.06%
LNN	B	0.06%
SABR	B	0.06%
HLIT	D	0.06%
FOXF	F	0.06%
USPH	C	0.06%
HCI	C	0.05%
XPEL	C	0.05%
SBSI	B	0.05%
ANIP	D	0.05%
PDFS	D	0.05%
NXRT	A	0.05%
COLL	F	0.05%
SDGR	C	0.05%
MRTN	C	0.05%
MCRI	A	0.05%
SXC	A	0.05%
AHCO	D	0.05%
ALGT	C	0.05%
EFC	C	0.05%
AORT	B	0.05%
AMSF	B	0.05%
ICHR	C	0.05%
CENX	B	0.05%
PFBC	B	0.05%
FIZZ	C	0.05%
DCOM	A	0.05%
DGII	B	0.05%
EXPI	C	0.05%
ARLO	C	0.05%
KLG	D	0.05%
ATEN	A	0.05%
CRK	A	0.05%
CERT	F	0.05%
NVEE	F	0.05%
MCW	C	0.04%
BSIG	A	0.04%
CPF	B	0.04%
ASIX	C	0.04%
VTLE	C	0.04%
VIR	F	0.04%
DXPE	B	0.04%
HFWA	B	0.04%
PARR	F	0.04%
CNXN	D	0.04%
CXM	C	0.04%
VTOL	B	0.04%
BLFS	C	0.04%
VVI	B	0.04%
RCUS	F	0.04%
HSII	B	0.04%
UTL	C	0.04%
LPG	F	0.04%
IIIN	D	0.03%
GDOT	D	0.03%
SNCY	C	0.03%
SHEN	F	0.03%
MTUS	D	0.03%
EZPW	A	0.03%
AOSL	C	0.03%
WSR	A	0.03%
HZO	F	0.03%
SPTN	F	0.03%
MLAB	F	0.03%
ETD	D	0.03%
SCVL	F	0.03%
CEVA	B	0.03%
TRST	B	0.03%
GDEN	B	0.03%
IRWD	F	0.03%
MGPI	F	0.03%
SMP	C	0.03%
NBR	D	0.03%
GPRE	F	0.03%
REX	D	0.03%
HAFC	B	0.03%
CTKB	C	0.03%
AHH	D	0.03%
TTGT	B	0.03%
HAYN	A	0.03%
HSTM	A	0.03%
SEDG	F	0.03%
JBSS	F	0.03%
CNSL	B	0.02%
TWI	F	0.02%
FLGT	F	0.02%
NPK	C	0.02%
MYE	F	0.02%
GOGO	C	0.02%
PAHC	B	0.02%
THRY	F	0.02%
RES	F	0.02%
SLP	F	0.02%
RGNX	D	0.02%
TR	B	0.02%
UFCS	A	0.02%
UHT	D	0.02%
LQDT	A	0.02%
CRSR	D	0.01%

SAA Underweight 468 Positions Relative to VBR

Symbol	Grade	Weight
SW	A	-0.74%
BLDR	D	-0.65%
BAH	D	-0.61%
CSL	C	-0.6%
ATO	A	-0.58%
EME	A	-0.58%
FCNCA	A	-0.57%
NRG	B	-0.54%
PNR	B	-0.47%
IEX	B	-0.47%
TOL	B	-0.46%
RS	B	-0.46%
THC	C	-0.46%
UTHR	C	-0.46%
WSM	D	-0.45%
RPM	B	-0.45%
KIM	A	-0.45%
OC	A	-0.44%
USFD	A	-0.43%
RNR	C	-0.41%
AES	F	-0.41%
RGA	B	-0.41%
ACM	B	-0.4%
GLPI	C	-0.39%
EQH	B	-0.39%
BG	D	-0.39%
EMN	D	-0.38%
REG	A	-0.38%
CPT	C	-0.38%
ALLE	D	-0.37%
JLL	D	-0.37%
JNPR	D	-0.37%
FFIV	B	-0.37%
JBL	C	-0.37%
UHS	D	-0.37%
TTEK	F	-0.36%
KMX	C	-0.35%
PFGC	B	-0.35%
ITT	A	-0.35%
SJM	D	-0.35%
CHRW	B	-0.35%
TFX	F	-0.34%
NVT	C	-0.34%
IPG	F	-0.34%
BXP	D	-0.33%
EWBC	A	-0.33%
HUBB	B	-0.33%
CCK	D	-0.33%
BJ	B	-0.32%
LDOS	C	-0.32%
RRX	B	-0.32%
SFM	A	-0.32%
FBIN	F	-0.32%
CACI	C	-0.32%
ATR	B	-0.31%
EPAM	C	-0.31%
TPR	B	-0.31%
SCI	A	-0.31%
AIZ	A	-0.3%
HII	F	-0.3%
OHI	B	-0.3%
LKQ	F	-0.3%
AA	A	-0.29%
TAP	B	-0.29%
CG	B	-0.29%
PNW	B	-0.29%
OVV	C	-0.29%
AFG	A	-0.29%
ARMK	C	-0.29%
HAS	D	-0.28%
FRT	B	-0.28%
SOLV	F	-0.28%
EHC	B	-0.28%
ALLY	C	-0.28%
QRVO	F	-0.28%
Z	A	-0.28%
EVR	B	-0.27%
HSIC	C	-0.27%
STLD	B	-0.27%
WTRG	B	-0.27%
GL	C	-0.27%
JEF	A	-0.26%
HRB	D	-0.26%
DCI	B	-0.26%
GPK	D	-0.26%
NNN	C	-0.26%
INGR	B	-0.26%
PRI	A	-0.26%
WAL	B	-0.26%
APA	F	-0.26%
MUSA	B	-0.26%
EGP	D	-0.26%
SF	B	-0.26%
MOS	D	-0.25%
AIT	B	-0.25%
MHK	D	-0.25%
NYT	D	-0.25%
KBR	F	-0.25%
GME	C	-0.25%
UNM	A	-0.25%
FYBR	C	-0.25%
APG	C	-0.24%
FCN	F	-0.24%
FLR	B	-0.24%
AGNC	C	-0.24%
FMC	D	-0.24%
OGE	A	-0.24%
ORI	A	-0.24%
WCC	B	-0.24%
BWA	D	-0.24%
DKS	D	-0.24%
KNX	B	-0.24%
FHN	A	-0.24%
ALSN	B	-0.24%
BRX	A	-0.24%
AYI	B	-0.24%
LAD	B	-0.24%
SWN	C	-0.23%
AXTA	B	-0.23%
WBS	A	-0.23%
DOC	D	-0.23%
CHRD	F	-0.23%
SEIC	B	-0.23%
MIDD	D	-0.22%
IVZ	C	-0.22%
ADC	A	-0.22%
UFPI	C	-0.22%
DTM	A	-0.22%
SNX	D	-0.22%
CR	A	-0.22%
NI	A	-0.22%
VOYA	B	-0.22%
STAG	D	-0.21%
VNO	C	-0.21%
SAIC	F	-0.21%
ANF	C	-0.21%
X	C	-0.21%
WTFC	B	-0.21%
DINO	D	-0.21%
BPOP	C	-0.21%
ELAN	D	-0.21%
MKSI	C	-0.21%
AAL	B	-0.21%
RL	C	-0.21%
BERY	D	-0.21%
FR	C	-0.21%
SSB	B	-0.21%
FLS	A	-0.2%
LPX	B	-0.2%
COHR	B	-0.2%
DVA	C	-0.2%
CBSH	A	-0.2%
TMHC	B	-0.2%
ZION	B	-0.2%
G	B	-0.2%
UHAL	D	-0.2%
ARW	F	-0.2%
RRC	B	-0.2%
KEX	B	-0.2%
CFR	B	-0.19%
FAF	C	-0.19%
STWD	C	-0.19%
MAT	D	-0.19%
BIO	C	-0.19%
ESNT	D	-0.19%
PB	A	-0.19%
OSK	C	-0.19%
JAZZ	C	-0.19%
MSA	D	-0.19%
CRUS	F	-0.19%
MTG	D	-0.19%
RLI	A	-0.19%
EVRG	A	-0.19%
SNV	B	-0.18%
ESAB	C	-0.18%
CBT	C	-0.18%
LEA	F	-0.18%
AGCO	F	-0.18%
CMC	B	-0.18%
CADE	B	-0.17%
VMI	B	-0.17%
LAMR	D	-0.17%
WHR	B	-0.17%
ACI	C	-0.17%
ESI	B	-0.17%
XPO	B	-0.17%
ONB	B	-0.17%
CLF	F	-0.17%
R	B	-0.17%
AXS	A	-0.17%
AN	D	-0.17%
VVV	D	-0.16%
ST	F	-0.16%
COLB	B	-0.16%
KBH	D	-0.16%
XRAY	D	-0.16%
IDA	A	-0.16%
AUR	C	-0.16%
NFG	A	-0.16%
BC	D	-0.16%
THO	C	-0.16%
ALB	B	-0.16%
ACHC	F	-0.16%
PVH	C	-0.16%
OLN	F	-0.16%
OMF	A	-0.16%
PARA	D	-0.16%
SRCL	B	-0.16%
SIGI	B	-0.16%
WTS	B	-0.16%
AMG	C	-0.15%
KNF	B	-0.15%
NXST	C	-0.15%
AM	A	-0.15%
FNB	B	-0.15%
GBCI	B	-0.15%
VNT	C	-0.15%
SIRI	D	-0.15%
KD	A	-0.15%
TKR	F	-0.15%
BECN	B	-0.15%
SON	F	-0.15%
UGI	C	-0.15%
GAP	D	-0.15%
TPG	A	-0.14%
GATX	B	-0.14%
CPRI	F	-0.14%
RIVN	F	-0.14%
BDC	B	-0.14%
AVT	C	-0.14%
RYN	D	-0.14%
THG	A	-0.14%
SUM	B	-0.14%
MUR	F	-0.14%
BCO	F	-0.14%
JHG	B	-0.14%
HOMB	A	-0.14%
POR	C	-0.14%
PSN	C	-0.14%
SLM	B	-0.14%
UBSI	B	-0.14%
LYFT	C	-0.13%
UMBF	B	-0.13%
SBRA	B	-0.13%
FLO	D	-0.13%
NUVL	D	-0.13%
PII	F	-0.13%
HWC	B	-0.13%
MGM	D	-0.13%
CUZ	B	-0.13%
SWX	A	-0.13%
FFIN	B	-0.13%
NCLH	B	-0.13%
KRC	C	-0.13%
HOG	F	-0.13%
AVNT	B	-0.13%
OZK	B	-0.13%
CNX	A	-0.13%
NJR	A	-0.13%
WU	F	-0.12%
ASH	F	-0.12%
ENS	D	-0.12%
M	D	-0.12%
WTM	A	-0.12%
SLGN	A	-0.12%
OGS	A	-0.12%
AR	B	-0.12%
BKH	A	-0.12%
PR	B	-0.12%
ESGR	B	-0.11%
NHI	D	-0.11%
SR	A	-0.11%
SMG	C	-0.11%
ALE	A	-0.11%
EPR	D	-0.11%
KMPR	A	-0.11%
DNB	B	-0.11%
MSM	D	-0.11%
MTZ	A	-0.11%
MDGL	C	-0.11%
VLY	B	-0.11%
EDR	A	-0.11%
PNM	B	-0.11%
ASGN	F	-0.11%
HUN	F	-0.11%
HL	C	-0.11%
TCBI	B	-0.1%
IBOC	B	-0.1%
TEX	D	-0.1%
AMKR	F	-0.1%
NVST	C	-0.1%
CDP	C	-0.1%
MAN	F	-0.1%
NWE	C	-0.1%
CNO	B	-0.1%
PCH	D	-0.1%
BNL	D	-0.1%
PRGO	C	-0.1%
PNFP	B	-0.1%
PRIM	A	-0.09%
ALIT	C	-0.09%
NSP	F	-0.09%
WEN	C	-0.09%
CC	D	-0.09%
ATKR	D	-0.09%
TNL	B	-0.09%
SYNA	D	-0.09%
ASB	B	-0.09%
COMP	B	-0.09%
WBA	F	-0.09%
AMED	F	-0.09%
BEN	C	-0.09%
EBC	B	-0.09%
PAG	B	-0.09%
COTY	F	-0.09%
GHC	B	-0.08%
POST	C	-0.08%
CXT	C	-0.08%
BHF	C	-0.08%
ADTN	A	-0.08%
PK	D	-0.08%
CNXC	F	-0.08%
WLK	F	-0.08%
PBF	D	-0.08%
TDC	D	-0.08%
PFSI	C	-0.08%
JWN	C	-0.08%
FHI	B	-0.08%
VAC	C	-0.07%
BOKF	B	-0.07%
VSH	F	-0.07%
SMMT	D	-0.07%
ENOV	C	-0.07%
DBRG	F	-0.07%
RNG	C	-0.07%
CDE	C	-0.07%
GT	C	-0.07%
SPB	C	-0.07%
RNA	C	-0.07%
IOVA	F	-0.07%
FIBK	B	-0.07%
MGRC	B	-0.07%
HURN	B	-0.06%
NMRK	B	-0.06%
INFA	D	-0.06%
WLY	B	-0.06%
IPGP	D	-0.06%
JOBY	B	-0.06%
VGR	B	-0.06%
CGON	F	-0.06%
LAUR	A	-0.06%
EQC	A	-0.06%
IVT	A	-0.06%
FRME	B	-0.06%
BYD	B	-0.06%
TOWN	B	-0.06%
ZG	A	-0.06%
BLKB	B	-0.06%
CRI	F	-0.06%
MIR	A	-0.06%
AZTA	F	-0.06%
VRNT	D	-0.05%
HLIO	C	-0.05%
HE	C	-0.05%
REYN	D	-0.05%
PPC	B	-0.05%
DDS	B	-0.05%
NPAB	F	-0.05%
WSBC	B	-0.05%
UAA	C	-0.05%
TROX	D	-0.05%
GOLF	B	-0.05%
IMVT	F	-0.05%
AIV	C	-0.04%
INSW	F	-0.04%
PDM	D	-0.04%
JELD	F	-0.04%
BKD	F	-0.04%
NNI	D	-0.04%
VC	F	-0.04%
LADR	B	-0.04%
VCTR	B	-0.04%
COLM	B	-0.04%
RRR	F	-0.04%
REVG	B	-0.04%
CAR	C	-0.04%
CODI	B	-0.04%
ESRT	C	-0.04%
HEES	C	-0.04%
DYN	F	-0.04%
GEF	B	-0.04%
USM	B	-0.03%
SMR	A	-0.03%
CMTG	D	-0.03%
BV	C	-0.03%
LGF.A	F	-0.03%
DNUT	F	-0.03%
TRS	B	-0.03%
THR	B	-0.03%
FA	D	-0.03%
ATSG	A	-0.03%
LEVI	F	-0.03%
MRC	B	-0.03%
HTLF	B	-0.03%
UA	C	-0.03%
CNNE	B	-0.03%
ETWO	F	-0.03%
WMK	B	-0.03%
KFRC	D	-0.03%
ACT	D	-0.03%
SCS	B	-0.03%
DK	D	-0.03%
AMRX	C	-0.03%
MSGE	F	-0.03%
LC	B	-0.03%
ATUS	C	-0.02%
FOR	F	-0.02%
BMBL	C	-0.02%
BASE	C	-0.02%
CMPR	F	-0.02%
HY	D	-0.02%
UHAL	D	-0.02%
HLF	C	-0.02%
ECVT	C	-0.02%
BRSP	C	-0.02%
SEB	F	-0.02%
FG	B	-0.02%
RBRK	A	-0.02%
NUS	C	-0.01%
LDI	C	-0.01%
BRCC	F	-0.01%
OPK	B	-0.01%
TWKS	B	-0.01%
DJT	C	-0.01%
DIN	C	-0.01%
OLPX	D	-0.01%
VREX	C	-0.01%
ALX	D	-0.01%
CMP	C	-0.01%
TRTX	B	-0.01%
SWBI	C	-0.01%
KRO	F	-0.01%
SRCL	B	-0.01%
ZIP	D	-0.01%
NAPA	A	-0.01%
CNDT	D	-0.01%
CRCT	F	-0.01%
WOOF	D	-0.01%
RUSHB	B	-0.01%
VMEO	C	-0.01%
EE	A	-0.01%
RMR	F	-0.01%
GRC	B	-0.01%
PTVE	B	-0.01%
CLBK	C	-0.01%
CCO	D	-0.01%
ARRY	F	-0.01%
GCMG	A	-0.01%
LGF.A	F	-0.01%
CWH	C	-0.01%
DAWN	D	-0.01%
PWSC	C	-0.0%
SCWX	C	-0.0%
AC	B	-0.0%
AMCX	C	-0.0%
TASK	C	-0.0%
ACDC	C	-0.0%
GEF	B	-0.0%