VB vs. MFUS ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

VB

Vanguard Small-Cap ETF

VB Description

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

$239.11

Average Daily Volume

536,534

Number of Holdings ^*

1303

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$49.66

Average Daily Volume

6,356

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	VB	MFUS
30 Days	0.10%	-1.37%
60 Days	5.27%	2.97%
90 Days	9.44%	7.83%
12 Months	28.33%	31.20%

467 Overlapping Holdings

	Symbol	Grade	Weight in VB	Weight in MFUS	Overlap
	AA	B	0.16%	0.02%	0.02%
	AAP	F	0.04%	0.01%	0.01%
	ABG	B	0.08%	0.07%	0.07%
	ABM	A	0.05%	0.04%	0.04%
	ACA	A	0.08%	0.02%	0.02%
	ACI	F	0.1%	0.01%	0.01%
	ACM	A	0.23%	0.03%	0.03%
	ADC	C	0.12%	0.01%	0.01%
	AEO	F	0.06%	0.08%	0.06%
	AES	F	0.23%	0.01%	0.01%
	AGCO	C	0.1%	0.02%	0.02%
	AGNC	D	0.13%	0.04%	0.04%
	AIR	F	0.04%	0.02%	0.02%
	AIZ	D	0.17%	0.08%	0.08%
	ALEX	C	0.02%	0.01%	0.01%
	ALLY	F	0.16%	0.05%	0.05%
	ALSN	A	0.14%	0.09%	0.09%
	AMED	D	0.05%	0.01%	0.01%
	AMG	C	0.08%	0.07%	0.07%
	AMH	F	0.19%	0.04%	0.04%
	AMKR	F	0.06%	0.03%	0.03%
	AMWD	B	0.01%	0.01%	0.01%
	AN	D	0.1%	0.06%	0.06%
	ANDE	F	0.03%	0.02%	0.02%
	ANF	F	0.12%	0.24%	0.12%
	AOS	F	0.18%	0.09%	0.09%
	APAM	A	0.05%	0.03%	0.03%
	APG	B	0.13%	0.02%	0.02%
	APLE	B	0.05%	0.03%	0.03%
	APOG	A	0.03%	0.02%	0.02%
	APP	B	0.24%	0.07%	0.07%
	AR	F	0.14%	0.04%	0.04%
	ARCH	C	0.04%	0.01%	0.01%
	ARI	D	0.02%	0.01%	0.01%
	ARMK	B	0.17%	0.01%	0.01%
	AROC	D	0.05%	0.04%	0.04%
	ARW	F	0.11%	0.05%	0.05%
	ASO	D	0.07%	0.03%	0.03%
	ATGE	A	0.04%	0.05%	0.04%
	ATI	F	0.14%	0.05%	0.05%
	ATO	B	0.35%	0.02%	0.02%
	ATR	A	0.17%	0.08%	0.08%
	AVA	D	0.05%	0.03%	0.03%
	AVT	B	0.08%	0.04%	0.04%
	AWI	A	0.09%	0.03%	0.03%
	AXTA	A	0.13%	0.02%	0.02%
	AYI	A	0.14%	0.09%	0.09%
	BAH	A	0.34%	0.18%	0.18%
	BBWI	D	0.11%	0.01%	0.01%
	BC	D	0.09%	0.06%	0.06%
	BCC	D	0.09%	0.07%	0.07%
	BDC	B	0.08%	0.04%	0.04%
	BEN	C	0.05%	0.02%	0.02%
	BERY	A	0.12%	0.06%	0.06%
	BFAM	C	0.13%	0.03%	0.03%
	BFH	C	0.04%	0.05%	0.04%
	BHE	A	0.02%	0.02%	0.02%
	BHF	B	0.04%	0.04%	0.04%
	BJ	A	0.18%	0.03%	0.03%
	BKE	A	0.02%	0.03%	0.02%
	BKU	D	0.04%	0.03%	0.03%
	BLD	F	0.2%	0.03%	0.03%
	BLDR	F	0.37%	0.04%	0.04%
	BRC	D	0.05%	0.01%	0.01%
	BRKR	D	0.12%	0.02%	0.02%
	BTU	A	0.05%	0.05%	0.05%
	BWA	D	0.13%	0.01%	0.01%
	BWXT	B	0.16%	0.11%	0.11%
	BXP	C	0.19%	0.02%	0.02%
	CACC	F	0.03%	0.01%	0.01%
	CACI	A	0.18%	0.1%	0.1%
	CADE	B	0.09%	0.01%	0.01%
	CALM	B	0.05%	0.09%	0.05%
	CASY	B	0.23%	0.16%	0.16%
	CBSH	A	0.11%	0.01%	0.01%
	CBT	A	0.1%	0.05%	0.05%
	CC	C	0.05%	0.02%	0.02%
	CCK	B	0.19%	0.06%	0.06%
	CDP	A	0.06%	0.04%	0.04%
	CENTA	D	0.03%	0.01%	0.01%
	CFR	B	0.1%	0.01%	0.01%
	CG	B	0.16%	0.03%	0.03%
	CHE	F	0.15%	0.06%	0.06%
	CHRW	C	0.2%	0.14%	0.14%
	CLF	C	0.1%	0.01%	0.01%
	CLH	C	0.19%	0.04%	0.04%
	CMA	B	0.13%	0.04%	0.04%
	CMC	B	0.1%	0.06%	0.06%
	CNM	D	0.14%	0.01%	0.01%
	CNO	A	0.06%	0.04%	0.04%
	CNS	B	0.04%	0.01%	0.01%
	CNX	B	0.08%	0.07%	0.07%
	COHR	B	0.22%	0.03%	0.03%
	COKE	D	0.11%	0.03%	0.03%
	COLD	F	0.13%	0.03%	0.03%
	COOP	C	0.09%	0.05%	0.05%
	CPRI	F	0.08%	0.01%	0.01%
	CPT	D	0.21%	0.06%	0.06%
	CR	B	0.13%	0.01%	0.01%
	CRI	F	0.04%	0.05%	0.04%
	CROX	F	0.13%	0.02%	0.02%
	CRS	B	0.12%	0.11%	0.11%
	CRUS	F	0.11%	0.04%	0.04%
	CSGS	B	0.02%	0.01%	0.01%
	CSL	D	0.34%	0.02%	0.02%
	CTLT	D	0.17%	0.02%	0.02%
	CUBE	D	0.2%	0.04%	0.04%
	CVI	F	0.01%	0.01%	0.01%
	CVLT	B	0.11%	0.03%	0.03%
	CW	A	0.2%	0.1%	0.1%
	CWEN	C	0.04%	0.01%	0.01%
	CWEN	C	0.02%	0.01%	0.01%
	CXW	D	0.02%	0.03%	0.02%
	DAN	F	0.02%	0.02%	0.02%
	DBRG	D	0.04%	0.04%	0.04%
	DCI	A	0.14%	0.04%	0.04%
	DDS	B	0.03%	0.03%	0.03%
	DECK	A	0.4%	0.16%	0.16%
	DEI	B	0.05%	0.01%	0.01%
	DINO	F	0.12%	0.01%	0.01%
	DK	F	0.02%	0.03%	0.02%
	DKS	F	0.19%	0.08%	0.08%
	DLB	B	0.07%	0.02%	0.02%
	DNOW	D	0.02%	0.02%	0.02%
	DORM	A	0.05%	0.02%	0.02%
	DRH	D	0.03%	0.03%	0.03%
	DTM	A	0.12%	0.01%	0.01%
	DVA	D	0.11%	0.17%	0.11%
	DXC	C	0.06%	0.01%	0.01%
	DY	D	0.09%	0.01%	0.01%
	ECPG	F	0.02%	0.01%	0.01%
	EHC	A	0.16%	0.08%	0.08%
	ELAN	D	0.12%	0.01%	0.01%
	ELS	D	0.19%	0.04%	0.04%
	EME	A	0.33%	0.04%	0.04%
	EMN	D	0.21%	0.04%	0.04%
	EPC	F	0.03%	0.02%	0.02%
	EQH	B	0.22%	0.08%	0.08%
	ERIE	F	0.22%	0.05%	0.05%
	ESAB	A	0.1%	0.01%	0.01%
	ESI	A	0.1%	0.01%	0.01%
	ESNT	F	0.11%	0.01%	0.01%
	EVR	B	0.15%	0.11%	0.11%
	EVRG	C	0.11%	0.02%	0.02%
	EWBC	A	0.19%	0.02%	0.02%
	EXEL	A	0.11%	0.04%	0.04%
	EXP	A	0.16%	0.07%	0.07%
	FAF	D	0.1%	0.02%	0.02%
	FCN	F	0.13%	0.05%	0.05%
	FCNCA	C	0.32%	0.05%	0.05%
	FDP	A	0.02%	0.01%	0.01%
	FELE	D	0.07%	0.01%	0.01%
	FFIV	A	0.21%	0.06%	0.06%
	FHI	A	0.05%	0.03%	0.03%
	FHN	B	0.14%	0.01%	0.01%
	FIX	B	0.23%	0.05%	0.05%
	FL	D	0.04%	0.04%	0.04%
	FLO	F	0.07%	0.04%	0.04%
	FLR	B	0.13%	0.01%	0.01%
	FR	D	0.12%	0.02%	0.02%
	FTI	B	0.17%	0.04%	0.04%
	FYBR	B	0.14%	0.01%	0.01%
	G	C	0.11%	0.05%	0.05%
	GAP	C	0.09%	0.06%	0.06%
	GATX	A	0.08%	0.04%	0.04%
	GBX	A	0.02%	0.04%	0.02%
	GEF	B	0.03%	0.02%	0.02%
	GEF	B	0.0%	0.02%	0.0%
	GEO	B	0.03%	0.04%	0.03%
	GES	F	0.01%	0.01%	0.01%
	GGG	D	0.24%	0.03%	0.03%
	GHC	A	0.04%	0.02%	0.02%
	GIII	C	0.02%	0.01%	0.01%
	GLPI	C	0.22%	0.07%	0.07%
	GME	B	0.14%	0.01%	0.01%
	GMED	A	0.13%	0.02%	0.02%
	GMS	A	0.06%	0.03%	0.03%
	GNRC	A	0.16%	0.05%	0.05%
	GNTX	C	0.11%	0.05%	0.05%
	GNW	D	0.05%	0.03%	0.03%
	GOLF	D	0.03%	0.01%	0.01%
	GPI	B	0.08%	0.08%	0.08%
	GPK	D	0.14%	0.09%	0.09%
	GT	F	0.04%	0.02%	0.02%
	GVA	A	0.06%	0.04%	0.04%
	GWRE	B	0.25%	0.02%	0.02%
	H	D	0.11%	0.01%	0.01%
	HAE	F	0.07%	0.02%	0.02%
	HBI	A	0.04%	0.05%	0.04%
	HCC	A	0.05%	0.07%	0.05%
	HE	F	0.03%	0.01%	0.01%
	HII	F	0.17%	0.03%	0.03%
	HLI	A	0.14%	0.08%	0.08%
	HNI	D	0.04%	0.02%	0.02%
	HOG	F	0.07%	0.02%	0.02%
	HOOD	B	0.28%	0.04%	0.04%
	HP	C	0.04%	0.02%	0.02%
	HRB	C	0.14%	0.08%	0.08%
	HSIC	A	0.15%	0.03%	0.03%
	HST	D	0.2%	0.02%	0.02%
	HTH	F	0.02%	0.01%	0.01%
	HUBB	B	0.19%	0.03%	0.03%
	HUBG	C	0.04%	0.04%	0.04%
	HUN	F	0.06%	0.0%	0.0%
	HXL	F	0.08%	0.03%	0.03%
	ICUI	C	0.07%	0.01%	0.01%
	IDCC	A	0.06%	0.01%	0.01%
	IEX	A	0.26%	0.08%	0.08%
	INCY	A	0.09%	0.01%	0.01%
	INGR	C	0.15%	0.06%	0.06%
	IOSP	F	0.05%	0.01%	0.01%
	IPG	F	0.19%	0.04%	0.04%
	ITT	C	0.2%	0.08%	0.08%
	IVZ	B	0.12%	0.03%	0.03%
	JBGS	D	0.02%	0.01%	0.01%
	JBL	A	0.21%	0.03%	0.03%
	JBLU	D	0.03%	0.02%	0.02%
	JEF	B	0.14%	0.02%	0.02%
	JELD	F	0.02%	0.01%	0.01%
	JHG	A	0.08%	0.04%	0.04%
	JKHY	A	0.21%	0.11%	0.11%
	JLL	B	0.21%	0.06%	0.06%
	JNPR	A	0.21%	0.13%	0.13%
	JWN	B	0.05%	0.04%	0.04%
	JXN	B	0.11%	0.1%	0.1%
	KALU	C	0.02%	0.01%	0.01%
	KBH	C	0.09%	0.03%	0.03%
	KBR	B	0.14%	0.02%	0.02%
	KD	D	0.09%	0.04%	0.04%
	KEX	D	0.12%	0.02%	0.02%
	KIM	A	0.25%	0.02%	0.02%
	KMPR	B	0.06%	0.02%	0.02%
	KN	D	0.02%	0.01%	0.01%
	KNX	A	0.13%	0.01%	0.01%
	KSS	F	0.04%	0.02%	0.02%
	KTB	A	0.07%	0.05%	0.05%
	LAD	A	0.14%	0.02%	0.02%
	LADR	C	0.02%	0.01%	0.01%
	LAMR	B	0.19%	0.05%	0.05%
	LANC	A	0.06%	0.04%	0.04%
	LAUR	A	0.03%	0.01%	0.01%
	LBRDK	A	0.15%	0.03%	0.03%
	LDOS	A	0.18%	0.11%	0.11%
	LEA	F	0.1%	0.01%	0.01%
	LECO	C	0.18%	0.05%	0.05%
	LEG	F	0.03%	0.02%	0.02%
	LII	B	0.32%	0.21%	0.21%
	LNC	B	0.09%	0.03%	0.03%
	LNW	D	0.13%	0.02%	0.02%
	LOPE	D	0.07%	0.04%	0.04%
	LPX	C	0.11%	0.07%	0.07%
	LSTR	F	0.11%	0.09%	0.09%
	LUMN	A	0.12%	0.05%	0.05%
	LW	C	0.15%	0.03%	0.03%
	LXP	D	0.05%	0.02%	0.02%
	LZB	D	0.03%	0.02%	0.02%
	M	D	0.07%	0.02%	0.02%
	MAC	A	0.06%	0.04%	0.04%
	MAN	F	0.06%	0.03%	0.03%
	MANH	D	0.28%	0.03%	0.03%
	MASI	A	0.1%	0.03%	0.03%
	MATX	A	0.08%	0.03%	0.03%
	MC	D	0.08%	0.03%	0.03%
	MCY	B	0.03%	0.02%	0.02%
	MDU	F	0.09%	0.04%	0.04%
	MHK	D	0.14%	0.01%	0.01%
	MHO	C	0.04%	0.04%	0.04%
	MKSI	F	0.12%	0.01%	0.01%
	MKTX	B	0.15%	0.02%	0.02%
	MLI	A	0.14%	0.08%	0.08%
	MLKN	F	0.03%	0.01%	0.01%
	MMS	C	0.09%	0.06%	0.06%
	MOG.A	B	0.09%	0.04%	0.04%
	MORN	B	0.14%	0.03%	0.03%
	MOS	C	0.14%	0.01%	0.01%
	MSA	F	0.11%	0.02%	0.02%
	MSM	D	0.06%	0.06%	0.06%
	MTG	D	0.11%	0.03%	0.03%
	MTH	C	0.12%	0.06%	0.06%
	MTN	F	0.11%	0.05%	0.05%
	MUR	F	0.08%	0.01%	0.01%
	MUSA	C	0.15%	0.15%	0.15%
	NAVI	F	0.02%	0.02%	0.02%
	NBIX	C	0.19%	0.04%	0.04%
	NDSN	F	0.22%	0.04%	0.04%
	NEU	F	0.06%	0.02%	0.02%
	NFG	C	0.09%	0.05%	0.05%
	NI	A	0.13%	0.02%	0.02%
	NNI	A	0.02%	0.01%	0.01%
	NNN	D	0.14%	0.01%	0.01%
	NOV	F	0.1%	0.01%	0.01%
	NRG	A	0.31%	0.07%	0.07%
	NSIT	F	0.11%	0.06%	0.06%
	NSP	F	0.05%	0.02%	0.02%
	NTCT	D	0.02%	0.02%	0.02%
	NWL	A	0.05%	0.02%	0.02%
	NXST	A	0.08%	0.05%	0.05%
	NYT	C	0.14%	0.04%	0.04%
	OC	B	0.25%	0.02%	0.02%
	ODP	C	0.02%	0.02%	0.02%
	OGN	F	0.08%	0.05%	0.05%
	OHI	B	0.17%	0.02%	0.02%
	OI	F	0.03%	0.03%	0.03%
	OLN	F	0.09%	0.04%	0.04%
	OMF	A	0.09%	0.03%	0.03%
	OMI	F	0.02%	0.01%	0.01%
	ONB	B	0.1%	0.01%	0.01%
	ORA	A	0.07%	0.03%	0.03%
	OSIS	F	0.04%	0.02%	0.02%
	OSK	C	0.11%	0.04%	0.04%
	OUT	B	0.04%	0.01%	0.01%
	PAG	F	0.05%	0.02%	0.02%
	PARA	C	0.09%	0.01%	0.01%
	PB	B	0.11%	0.01%	0.01%
	PBF	F	0.05%	0.02%	0.02%
	PDCO	F	0.03%	0.02%	0.02%
	PECO	A	0.08%	0.01%	0.01%
	PFSI	D	0.05%	0.02%	0.02%
	PHIN	C	0.03%	0.02%	0.02%
	PINC	B	0.03%	0.02%	0.02%
	PK	D	0.05%	0.06%	0.05%
	PLXS	A	0.06%	0.03%	0.03%
	PMT	D	0.02%	0.02%	0.02%
	PNM	B	0.06%	0.02%	0.02%
	PNR	A	0.26%	0.02%	0.02%
	PNW	D	0.16%	0.01%	0.01%
	POOL	D	0.11%	0.07%	0.07%
	POST	D	0.09%	0.05%	0.05%
	PPC	A	0.03%	0.01%	0.01%
	PRG	C	0.03%	0.03%	0.03%
	PRIM	A	0.05%	0.04%	0.04%
	PSMT	D	0.04%	0.01%	0.01%
	PSN	A	0.08%	0.02%	0.02%
	PSTG	D	0.25%	0.04%	0.04%
	PTC	A	0.34%	0.04%	0.04%
	PTEN	F	0.05%	0.01%	0.01%
	PVH	C	0.09%	0.02%	0.02%
	QRVO	F	0.16%	0.01%	0.01%
	R	A	0.1%	0.06%	0.06%
	RBC	D	0.14%	0.01%	0.01%
	RDN	D	0.08%	0.01%	0.01%
	REZI	C	0.05%	0.02%	0.02%
	RGA	D	0.23%	0.06%	0.06%
	RGLD	B	0.15%	0.04%	0.04%
	RHI	C	0.11%	0.02%	0.02%
	RL	A	0.12%	0.03%	0.03%
	RLI	A	0.11%	0.03%	0.03%
	RLJ	F	0.02%	0.02%	0.02%
	RPM	B	0.25%	0.13%	0.13%
	RRC	C	0.12%	0.02%	0.02%
	RS	C	0.26%	0.04%	0.04%
	RUSHA	A	0.06%	0.04%	0.04%
	RYN	B	0.08%	0.03%	0.03%
	SAH	A	0.01%	0.01%	0.01%
	SAIC	A	0.12%	0.01%	0.01%
	SAM	B	0.04%	0.02%	0.02%
	SANM	A	0.06%	0.04%	0.04%
	SATS	B	0.05%	0.02%	0.02%
	SBH	B	0.02%	0.02%	0.02%
	SCI	A	0.18%	0.06%	0.06%
	SCL	F	0.03%	0.01%	0.01%
	SCS	F	0.02%	0.01%	0.01%
	SEB	F	0.01%	0.01%	0.01%
	SEE	B	0.07%	0.06%	0.06%
	SEIC	A	0.13%	0.08%	0.08%
	SEM	B	0.06%	0.03%	0.03%
	SF	B	0.15%	0.02%	0.02%
	SFM	A	0.18%	0.22%	0.18%
	SHO	F	0.03%	0.01%	0.01%
	SHOO	D	0.05%	0.03%	0.03%
	SIG	D	0.07%	0.04%	0.04%
	SIGI	D	0.09%	0.01%	0.01%
	SJM	F	0.2%	0.04%	0.04%
	SKX	D	0.14%	0.02%	0.02%
	SKYW	A	0.05%	0.06%	0.05%
	SLG	B	0.07%	0.08%	0.07%
	SLGN	A	0.07%	0.05%	0.05%
	SLM	C	0.08%	0.06%	0.06%
	SM	F	0.07%	0.03%	0.03%
	SMG	A	0.06%	0.04%	0.04%
	SNDR	A	0.02%	0.02%	0.02%
	SNV	B	0.1%	0.02%	0.02%
	SON	F	0.09%	0.04%	0.04%
	SPB	C	0.04%	0.01%	0.01%
	SPR	B	0.06%	0.01%	0.01%
	SR	D	0.06%	0.01%	0.01%
	SRCL	A	0.01%	0.04%	0.01%
	SRCL	A	0.09%	0.04%	0.04%
	SSB	C	0.12%	0.01%	0.01%
	STLD	A	0.15%	0.04%	0.04%
	STRA	F	0.04%	0.01%	0.01%
	SVC	F	0.01%	0.01%	0.01%
	SWX	C	0.07%	0.01%	0.01%
	SXT	C	0.06%	0.02%	0.02%
	TAP	B	0.16%	0.08%	0.08%
	TDC	C	0.05%	0.02%	0.02%
	TDS	B	0.03%	0.04%	0.03%
	TEX	F	0.05%	0.05%	0.05%
	TFX	F	0.19%	0.03%	0.03%
	TGNA	B	0.04%	0.04%	0.04%
	THC	B	0.26%	0.24%	0.24%
	THG	C	0.08%	0.04%	0.04%
	THO	D	0.09%	0.07%	0.07%
	THS	D	0.03%	0.02%	0.02%
	TKR	C	0.09%	0.04%	0.04%
	TMHC	A	0.11%	0.09%	0.09%
	TNET	F	0.05%	0.01%	0.01%
	TOL	D	0.26%	0.06%	0.06%
	TPH	D	0.07%	0.06%	0.06%
	TPR	A	0.18%	0.01%	0.01%
	TPX	F	0.15%	0.03%	0.03%
	TRGP	A	0.26%	0.09%	0.09%
	TRN	C	0.05%	0.04%	0.04%
	TTC	F	0.15%	0.06%	0.06%
	TTEK	A	0.21%	0.02%	0.02%
	TTMI	A	0.03%	0.01%	0.01%
	TXRH	B	0.19%	0.06%	0.06%
	UDR	D	0.12%	0.03%	0.03%
	UFPI	D	0.12%	0.07%	0.07%
	UGI	D	0.09%	0.01%	0.01%
	UHAL	B	0.01%	0.02%	0.01%
	UHAL	B	0.01%	0.01%	0.01%
	UHAL	B	0.11%	0.01%	0.01%
	UHAL	B	0.11%	0.02%	0.02%
	UHS	D	0.21%	0.06%	0.06%
	UNF	D	0.05%	0.03%	0.03%
	UNM	A	0.14%	0.04%	0.04%
	URBN	D	0.04%	0.05%	0.04%
	USFD	A	0.24%	0.05%	0.05%
	UTHR	A	0.26%	0.17%	0.17%
	UVV	B	0.02%	0.01%	0.01%
	VC	F	0.04%	0.03%	0.03%
	VFC	A	0.13%	0.02%	0.02%
	VIRT	D	0.04%	0.05%	0.04%
	VNO	B	0.12%	0.08%	0.08%
	VNT	B	0.08%	0.01%	0.01%
	VSCO	A	0.03%	0.02%	0.02%
	VSH	F	0.04%	0.02%	0.02%
	VSTO	A	0.02%	0.02%	0.02%
	VVV	D	0.09%	0.02%	0.02%
	WAFD	D	0.05%	0.01%	0.01%
	WAL	D	0.15%	0.02%	0.02%
	WBA	C	0.05%	0.13%	0.05%
	WBS	B	0.13%	0.01%	0.01%
	WCC	A	0.13%	0.08%	0.08%
	WEN	A	0.05%	0.06%	0.05%
	WERN	B	0.04%	0.03%	0.03%
	WH	A	0.1%	0.04%	0.04%
	WHR	A	0.1%	0.03%	0.03%
	WKC	D	0.03%	0.02%	0.02%
	WMK	C	0.02%	0.01%	0.01%
	WMS	C	0.2%	0.02%	0.02%
	WOLF	D	0.02%	0.0%	0.0%
	WOR	F	0.02%	0.01%	0.01%
	WSM	D	0.32%	0.19%	0.19%
	WSO	C	0.28%	0.16%	0.16%
	WTFC	B	0.12%	0.01%	0.01%
	WTM	C	0.07%	0.04%	0.04%
	WU	F	0.07%	0.07%	0.07%
	WWD	C	0.17%	0.01%	0.01%
	X	C	0.12%	0.03%	0.03%
	XHR	C	0.02%	0.02%	0.02%
	XPO	A	0.19%	0.03%	0.03%
	XRAY	F	0.09%	0.03%	0.03%
	XRX	F	0.02%	0.01%	0.01%
	YELP	C	0.04%	0.02%	0.02%
	ZION	B	0.11%	0.02%	0.02%

VB Overweight 838 Positions Relative to MFUS

	Symbol	Grade	Weight
	AXON	B	0.47%
	SW	A	0.42%
	DKNG	F	0.29%
	ENTG	F	0.28%
	DT	A	0.25%
	MSTR	B	0.24%
	RBA	A	0.24%
	NTNX	B	0.24%
	NTRA	C	0.24%
	RNR	B	0.23%
	BG	F	0.22%
	FND	D	0.21%
	TECH	B	0.21%
	ALLE	C	0.21%
	DOCU	B	0.21%
	REG	B	0.21%
	PCVX	D	0.21%
	KMX	D	0.2%
	WING	F	0.2%
	PFGC	B	0.2%
	INSM	D	0.2%
	EXAS	A	0.2%
	SAIA	A	0.19%
	NVT	D	0.19%
	TOST	A	0.19%
	EPAM	F	0.18%
	EQT	B	0.18%
	RRX	A	0.18%
	FBIN	C	0.18%
	SRPT	D	0.18%
	AFG	D	0.17%
	CRL	F	0.17%
	CVNA	A	0.17%
	ONTO	F	0.17%
	REXR	F	0.17%
	KNSL	F	0.17%
	LKQ	D	0.17%
	RIVN	F	0.16%
	HAS	D	0.16%
	FRT	D	0.16%
	SOLV	B	0.16%
	MTCH	D	0.16%
	DUOL	A	0.16%
	OWL	B	0.16%
	OVV	D	0.16%
	CHDN	C	0.15%
	PRI	B	0.15%
	NCLH	A	0.15%
	WYNN	B	0.15%
	APA	F	0.15%
	EGP	F	0.15%
	DAY	A	0.15%
	AFRM	A	0.15%
	TWLO	A	0.15%
	IOT	C	0.15%
	OLED	F	0.15%
	WTRG	C	0.15%
	ROKU	D	0.15%
	GL	C	0.15%
	BRX	A	0.14%
	TKO	D	0.14%
	FN	C	0.14%
	AIT	A	0.14%
	CZR	C	0.14%
	PR	F	0.14%
	PAYC	A	0.14%
	WEX	F	0.14%
	TPL	A	0.14%
	CIEN	B	0.14%
	SNX	C	0.13%
	Z	C	0.13%
	VOYA	B	0.13%
	MTZ	A	0.13%
	SWN	C	0.13%
	BRBR	A	0.13%
	RGEN	D	0.13%
	DOC	C	0.13%
	CHRD	F	0.13%
	SSD	F	0.13%
	PODD	A	0.13%
	ENSG	A	0.13%
	FMC	B	0.13%
	ORI	D	0.13%
	OGE	C	0.13%
	MEDP	F	0.13%
	STAG	F	0.12%
	HQY	B	0.12%
	PEN	A	0.12%
	PNFP	A	0.12%
	TREX	C	0.12%
	HALO	B	0.12%
	BPOP	F	0.12%
	SMAR	A	0.12%
	SPSC	F	0.12%
	LSCC	C	0.12%
	ITCI	A	0.12%
	AAL	B	0.12%
	MIDD	F	0.12%
	SOFI	A	0.12%
	LNTH	A	0.12%
	STWD	D	0.11%
	MAT	A	0.11%
	TRNO	F	0.11%
	BIO	A	0.11%
	JAZZ	D	0.11%
	LFUS	F	0.11%
	MOD	C	0.11%
	S	B	0.11%
	FRPT	B	0.11%
	VKTX	C	0.11%
	ESTC	F	0.11%
	WSC	F	0.11%
	AZEK	C	0.11%
	GKOS	B	0.11%
	FLS	A	0.11%
	SITE	C	0.11%
	RVMD	A	0.11%
	PLNT	D	0.11%
	PCTY	A	0.11%
	CGNX	C	0.11%
	AAON	B	0.11%
	VMI	A	0.1%
	EXPO	D	0.1%
	EXLS	A	0.1%
	BPMC	C	0.1%
	DAR	C	0.1%
	IBP	F	0.1%
	OLLI	B	0.1%
	EPRT	D	0.1%
	VRNS	D	0.1%
	AXS	B	0.1%
	ETSY	D	0.1%
	CSWI	B	0.1%
	RHP	A	0.1%
	CWST	D	0.1%
	ELF	F	0.1%
	CYTK	F	0.1%
	WFRD	F	0.1%
	GXO	B	0.1%
	U	C	0.1%
	INSP	D	0.1%
	PCOR	B	0.1%
	RYAN	B	0.1%
	NOVT	C	0.1%
	BMI	C	0.1%
	MTSI	B	0.1%
	GTLS	A	0.09%
	ACIW	B	0.09%
	PATH	F	0.09%
	BILL	A	0.09%
	BECN	B	0.09%
	OPCH	F	0.09%
	ALTR	B	0.09%
	ZETA	C	0.09%
	ST	F	0.09%
	MMSI	B	0.09%
	COLB	B	0.09%
	IDA	A	0.09%
	AUR	B	0.09%
	MTDR	C	0.09%
	ALB	C	0.09%
	ACHC	F	0.09%
	AVAV	B	0.09%
	WTS	F	0.09%
	IONS	F	0.09%
	ALK	A	0.09%
	BCPC	B	0.09%
	FSS	F	0.09%
	DBX	A	0.09%
	CHX	F	0.09%
	FOUR	B	0.09%
	GTLB	A	0.09%
	KRG	A	0.09%
	IRT	D	0.08%
	RDNT	B	0.08%
	FIVE	C	0.08%
	OZK	B	0.08%
	DOCS	A	0.08%
	NJR	D	0.08%
	KRYS	D	0.08%
	TPG	B	0.08%
	CTRE	B	0.08%
	PIPR	B	0.08%
	SUM	A	0.08%
	ITRI	A	0.08%
	BCO	C	0.08%
	RARE	D	0.08%
	HOMB	C	0.08%
	APPF	D	0.08%
	HCP	B	0.08%
	SKY	C	0.08%
	ZWS	A	0.08%
	RH	A	0.08%
	POR	C	0.08%
	TMDX	F	0.08%
	CIVI	F	0.08%
	UBSI	C	0.08%
	KNF	B	0.08%
	AM	D	0.08%
	FNB	B	0.08%
	BOOT	D	0.08%
	CELH	F	0.08%
	ROIV	D	0.08%
	PI	C	0.08%
	GBCI	A	0.08%
	SIRI	D	0.08%
	W	F	0.08%
	HASI	A	0.07%
	ASH	F	0.07%
	CWAN	B	0.07%
	ABCB	C	0.07%
	LITE	B	0.07%
	ENS	F	0.07%
	CORT	A	0.07%
	GTES	A	0.07%
	BYD	A	0.07%
	OGS	C	0.07%
	CRC	A	0.07%
	EEFT	C	0.07%
	BKH	D	0.07%
	NUVL	D	0.07%
	ZG	C	0.07%
	FUL	F	0.07%
	CFLT	A	0.07%
	CRDO	A	0.07%
	VRRM	F	0.07%
	LYFT	C	0.07%
	UMBF	A	0.07%
	SBRA	B	0.07%
	ITGR	D	0.07%
	MGY	A	0.07%
	BLKB	F	0.07%
	PII	F	0.07%
	HWC	B	0.07%
	HLNE	B	0.07%
	MGM	D	0.07%
	CUZ	B	0.07%
	QLYS	D	0.07%
	FFIN	D	0.07%
	HRI	B	0.07%
	BOX	B	0.07%
	MARA	D	0.07%
	AL	C	0.07%
	KRC	B	0.07%
	RMBS	C	0.07%
	QTWO	A	0.07%
	TENB	F	0.07%
	AVNT	D	0.07%
	ALKS	D	0.07%
	TDW	F	0.06%
	NVST	A	0.06%
	AX	B	0.06%
	NPO	F	0.06%
	ACLS	F	0.06%
	PEGA	A	0.06%
	SMTC	B	0.06%
	VAL	F	0.06%
	BROS	D	0.06%
	UCB	D	0.06%
	FBP	D	0.06%
	YETI	D	0.06%
	WDFC	A	0.06%
	NWE	D	0.06%
	LRN	A	0.06%
	MPW	D	0.06%
	CHWY	C	0.06%
	HIW	C	0.06%
	PCH	D	0.06%
	AXNX	A	0.06%
	FORM	F	0.06%
	BNL	D	0.06%
	PBH	A	0.06%
	PRGO	F	0.06%
	BBIO	F	0.06%
	RKLB	A	0.06%
	SKT	B	0.06%
	WD	C	0.06%
	POWI	C	0.06%
	AXSM	D	0.06%
	FTDR	A	0.06%
	ESGR	B	0.06%
	NHI	D	0.06%
	ALE	A	0.06%
	EPR	D	0.06%
	SLAB	F	0.06%
	DNB	B	0.06%
	IIPR	B	0.06%
	RXO	B	0.06%
	RUN	C	0.06%
	MSGS	B	0.06%
	WK	A	0.06%
	IAC	F	0.06%
	MDGL	A	0.06%
	SHAK	A	0.06%
	VLY	B	0.06%
	KFY	B	0.06%
	OSCR	C	0.06%
	EDR	B	0.06%
	SFBS	A	0.06%
	PRCT	A	0.06%
	AEIS	A	0.06%
	WHD	B	0.06%
	ASGN	F	0.06%
	AGO	B	0.06%
	HL	C	0.06%
	AIN	F	0.05%
	TNDM	D	0.05%
	ACVA	F	0.05%
	ADTN	B	0.05%
	DIOD	F	0.05%
	LBRT	F	0.05%
	CNXC	F	0.05%
	PTCT	B	0.05%
	PJT	B	0.05%
	PENN	B	0.05%
	PRGS	B	0.05%
	WLK	F	0.05%
	LCII	D	0.05%
	ALGM	F	0.05%
	CATY	B	0.05%
	SQSP	A	0.05%
	FHB	A	0.05%
	ALIT	F	0.05%
	APLS	F	0.05%
	WSFS	D	0.05%
	ATKR	D	0.05%
	UPST	B	0.05%
	CBU	A	0.05%
	TNL	A	0.05%
	YOU	B	0.05%
	CNK	A	0.05%
	SYNA	F	0.05%
	HIMS	B	0.05%
	CRVL	D	0.05%
	BL	B	0.05%
	COMP	B	0.05%
	ASB	A	0.05%
	GFF	F	0.05%
	ENV	A	0.05%
	AWR	D	0.05%
	CWK	B	0.05%
	EVH	D	0.05%
	DNLI	C	0.05%
	SMPL	C	0.05%
	BXMT	C	0.05%
	JBT	A	0.05%
	FOLD	B	0.05%
	SITM	B	0.05%
	EBC	C	0.05%
	CWT	D	0.05%
	ZI	C	0.05%
	CBZ	B	0.05%
	IRDM	A	0.05%
	SGBX	F	0.05%
	TGTX	B	0.05%
	COTY	F	0.05%
	EAT	A	0.05%
	OTTR	D	0.05%
	LCID	F	0.05%
	STEP	B	0.05%
	NEOG	D	0.05%
	BGC	A	0.05%
	NSA	D	0.05%
	FULT	C	0.05%
	TCBI	B	0.05%
	MGEE	C	0.05%
	ESE	B	0.05%
	KTOS	C	0.05%
	IBOC	B	0.05%
	CCOI	B	0.05%
	RIG	C	0.05%
	NOG	F	0.05%
	MWA	A	0.05%
	AUB	D	0.05%
	CHH	A	0.05%
	SXI	A	0.04%
	TOWN	D	0.04%
	EVTC	D	0.04%
	CALX	F	0.04%
	ZD	D	0.04%
	AMBA	B	0.04%
	MQ	A	0.04%
	CNMD	D	0.04%
	DOCN	D	0.04%
	MIR	A	0.04%
	AZTA	D	0.04%
	KWR	D	0.04%
	VERX	A	0.04%
	EPAC	A	0.04%
	ENR	A	0.04%
	IPAR	B	0.04%
	TXG	F	0.04%
	KYMR	B	0.04%
	ARWR	F	0.04%
	FFBC	B	0.04%
	DV	F	0.04%
	PFS	C	0.04%
	HAYW	A	0.04%
	VAC	C	0.04%
	IRTC	C	0.04%
	MTRN	D	0.04%
	INTA	A	0.04%
	HHH	B	0.04%
	AZZ	C	0.04%
	BOKF	C	0.04%
	MYGN	F	0.04%
	CVBF	B	0.04%
	LGIH	D	0.04%
	SMMT	C	0.04%
	JOE	F	0.04%
	INDB	B	0.04%
	ENOV	C	0.04%
	PPBI	C	0.04%
	FRSH	C	0.04%
	PRK	C	0.04%
	ASTH	C	0.04%
	SGRY	D	0.04%
	RNG	A	0.04%
	CDE	C	0.04%
	AKR	A	0.04%
	ABR	B	0.04%
	MTX	B	0.04%
	CARG	B	0.04%
	BOH	A	0.04%
	RPD	C	0.04%
	TWST	D	0.04%
	OII	B	0.04%
	AGIO	B	0.04%
	RNA	A	0.04%
	ALRM	F	0.04%
	ARCB	F	0.04%
	IOVA	B	0.04%
	FIBK	C	0.04%
	FROG	C	0.04%
	SFNC	B	0.04%
	HGV	C	0.04%
	MGRC	A	0.04%
	UE	A	0.04%
	SHC	C	0.04%
	AMR	F	0.04%
	VCYT	A	0.04%
	PRFT	A	0.04%
	COLM	B	0.04%
	GH	C	0.04%
	AI	C	0.04%
	CXT	F	0.04%
	NCNO	B	0.04%
	RRR	F	0.04%
	GO	F	0.03%
	ELME	D	0.03%
	GTY	C	0.03%
	NWN	D	0.03%
	ALKT	B	0.03%
	VRNT	F	0.03%
	RAMP	D	0.03%
	TDOC	C	0.03%
	CABO	C	0.03%
	UPBD	C	0.03%
	HLIO	A	0.03%
	PTON	A	0.03%
	PEB	F	0.03%
	LTC	A	0.03%
	PD	C	0.03%
	NBHC	B	0.03%
	AMN	F	0.03%
	CRGY	A	0.03%
	RXRX	D	0.03%
	SUPN	A	0.03%
	REYN	F	0.03%
	CHCO	C	0.03%
	NHC	D	0.03%
	AMC	F	0.03%
	FCF	D	0.03%
	UAA	B	0.03%
	CVCO	B	0.03%
	NPAB	F	0.03%
	WSBC	B	0.03%
	NVCR	D	0.03%
	NWBI	D	0.03%
	XPRO	F	0.03%
	RDDT	A	0.03%
	FOXF	F	0.03%
	TROX	F	0.03%
	LGND	A	0.03%
	TRMK	B	0.03%
	KNTK	B	0.03%
	PZZA	A	0.03%
	FTRE	F	0.03%
	TNC	F	0.03%
	BEAM	D	0.03%
	STAA	F	0.03%
	KAR	D	0.03%
	B	A	0.03%
	CAKE	A	0.03%
	MGNI	D	0.03%
	MRCY	D	0.03%
	IMVT	D	0.03%
	BRZE	F	0.03%
	VECO	F	0.03%
	NEO	D	0.03%
	ROIC	A	0.03%
	BANF	B	0.03%
	ACAD	F	0.03%
	NVAX	F	0.03%
	FLYW	C	0.03%
	HURN	A	0.03%
	GNL	D	0.03%
	CRNX	B	0.03%
	GSHD	A	0.03%
	HI	F	0.03%
	QS	F	0.03%
	VSTS	F	0.03%
	PRVA	C	0.03%
	NMRK	C	0.03%
	WLY	B	0.03%
	RNST	B	0.03%
	INFA	C	0.03%
	IPGP	C	0.03%
	VYX	D	0.03%
	JOBY	D	0.03%
	NTLA	F	0.03%
	KAI	A	0.03%
	NBTB	D	0.03%
	PLUG	C	0.03%
	VGR	B	0.03%
	VIAV	A	0.03%
	JJSF	C	0.03%
	LTH	D	0.03%
	OMCL	A	0.03%
	PAYO	A	0.03%
	KMT	B	0.03%
	CGON	C	0.03%
	RIOT	C	0.03%
	EQC	C	0.03%
	IBTX	C	0.03%
	NARI	A	0.03%
	MP	B	0.03%
	BE	D	0.03%
	BANR	B	0.03%
	IVT	A	0.03%
	NATL	D	0.03%
	FRME	D	0.03%
	LEVI	F	0.03%
	OFG	C	0.03%
	RCM	A	0.03%
	ROG	D	0.03%
	SWTX	F	0.03%
	FIVN	C	0.03%
	EXTR	B	0.02%
	FSLY	D	0.02%
	RVLV	A	0.02%
	GSAT	B	0.02%
	UNFI	B	0.02%
	ARRY	D	0.02%
	SHLS	D	0.02%
	VICR	A	0.02%
	CWH	F	0.02%
	TRS	D	0.02%
	ASAN	D	0.02%
	MD	A	0.02%
	MRVI	D	0.02%
	CBRL	C	0.02%
	THR	F	0.02%
	FA	D	0.02%
	ATSG	A	0.02%
	RWT	D	0.02%
	INVA	C	0.02%
	MRC	F	0.02%
	HTLF	A	0.02%
	SCSC	F	0.02%
	IAS	A	0.02%
	CARS	D	0.02%
	AHCO	D	0.02%
	ROCK	D	0.02%
	UA	B	0.02%
	FBRT	C	0.02%
	CNNE	A	0.02%
	PLAY	C	0.02%
	CSR	D	0.02%
	EXPI	B	0.02%
	ETWO	F	0.02%
	RLAY	F	0.02%
	MXL	D	0.02%
	NOVA	F	0.02%
	FIZZ	A	0.02%
	AVNS	F	0.02%
	WS	A	0.02%
	SDGR	F	0.02%
	ALHC	A	0.02%
	KFRC	D	0.02%
	ACT	D	0.02%
	KW	C	0.02%
	PYCR	A	0.02%
	SAFT	F	0.02%
	CEIX	B	0.02%
	BHLB	B	0.02%
	AMRX	D	0.02%
	UTZ	C	0.02%
	PLMR	D	0.02%
	EIG	C	0.02%
	OPEN	F	0.02%
	MSGE	C	0.02%
	IART	C	0.02%
	ZUO	A	0.02%
	AGL	F	0.02%
	LC	B	0.02%
	PBI	A	0.02%
	AIV	D	0.02%
	INSW	F	0.02%
	AAT	B	0.02%
	CMPR	F	0.02%
	AMRC	B	0.02%
	HRMY	D	0.02%
	PDM	B	0.02%
	WABC	B	0.02%
	LBRDA	A	0.02%
	BKD	D	0.02%
	PGNY	F	0.02%
	OXM	F	0.02%
	ATRC	A	0.02%
	UNIT	A	0.02%
	UPWK	A	0.02%
	NX	C	0.02%
	ENVX	D	0.02%
	AESI	D	0.02%
	VCTR	B	0.02%
	WWW	B	0.02%
	TRUP	B	0.02%
	JAMF	D	0.02%
	PCT	B	0.02%
	APPN	A	0.02%
	SABR	C	0.02%
	SPNT	D	0.02%
	VSAT	F	0.02%
	LNN	D	0.02%
	WT	B	0.02%
	XNCR	A	0.02%
	REVG	C	0.02%
	SPT	F	0.02%
	JBI	F	0.02%
	WRBY	A	0.02%
	VRE	D	0.02%
	BLMN	F	0.02%
	CAR	C	0.02%
	VRTS	C	0.02%
	HELE	C	0.02%
	CERT	F	0.02%
	NGVT	C	0.02%
	CODI	D	0.02%
	HMN	A	0.02%
	INFN	B	0.02%
	HOPE	D	0.02%
	RDFN	C	0.02%
	ESRT	D	0.02%
	THRM	D	0.02%
	TRIP	C	0.02%
	FLNC	A	0.02%
	SONO	C	0.02%
	HEES	C	0.02%
	MODG	D	0.02%
	ARVN	C	0.02%
	STBA	D	0.02%
	DYN	F	0.02%
	CNDT	C	0.01%
	CRCT	B	0.01%
	HGTY	B	0.01%
	WOOF	C	0.01%
	EGBN	B	0.01%
	WRLD	F	0.01%
	HTZ	F	0.01%
	INN	F	0.01%
	ANAB	F	0.01%
	PAY	B	0.01%
	EE	B	0.01%
	ADPT	A	0.01%
	RMR	D	0.01%
	RCUS	F	0.01%
	PTVE	F	0.01%
	NVRI	F	0.01%
	OPK	D	0.01%
	FWRD	C	0.01%
	TWKS	A	0.01%
	USNA	C	0.01%
	IBTA	B	0.01%
	DJT	C	0.01%
	CLBK	D	0.01%
	CCO	F	0.01%
	GCMG	B	0.01%
	ULCC	B	0.01%
	LGF.A	C	0.01%
	PX	B	0.01%
	ALX	D	0.01%
	TGI	C	0.01%
	BFS	D	0.01%
	TR	D	0.01%
	DAWN	A	0.01%
	INST	A	0.01%
	OLO	A	0.01%
	TILE	A	0.01%
	HTLD	F	0.01%
	NRDS	A	0.01%
	ATUS	A	0.01%
	MLNK	B	0.01%
	GDRX	F	0.01%
	CAL	F	0.01%
	CHPT	F	0.01%
	SANA	F	0.01%
	IRWD	F	0.01%
	FOR	F	0.01%
	CTKB	F	0.01%
	ZIP	F	0.01%
	MAX	D	0.01%
	BMBL	C	0.01%
	BASE	D	0.01%
	PUBM	D	0.01%
	SCHL	F	0.01%
	RES	F	0.01%
	LPRO	C	0.01%
	PHR	F	0.01%
	ARHS	F	0.01%
	HY	D	0.01%
	MCW	A	0.01%
	RCKT	F	0.01%
	QXO	C	0.01%
	IBUY	A	0.01%
	KELYA	D	0.01%
	CFFN	B	0.01%
	PCRX	C	0.01%
	SWI	B	0.01%
	TMP	A	0.01%
	BGS	C	0.01%
	LFST	C	0.01%
	MATW	D	0.01%
	HPP	F	0.01%
	PUMP	F	0.01%
	HLF	D	0.01%
	AXL	F	0.01%
	YEXT	A	0.01%
	HSTM	A	0.01%
	RGR	F	0.01%
	VMEO	C	0.01%
	KOP	F	0.01%
	BJRI	C	0.01%
	ECVT	C	0.01%
	TFSL	D	0.01%
	UDMY	D	0.01%
	KREF	B	0.01%
	ASTE	C	0.01%
	BRSP	C	0.01%
	SHEN	D	0.01%
	PRLB	B	0.01%
	PTLO	A	0.01%
	RSI	A	0.01%
	PRA	B	0.01%
	SEMR	D	0.01%
	UWMC	F	0.01%
	HAIN	A	0.01%
	CDNA	C	0.01%
	BCRX	C	0.01%
	PRO	C	0.01%
	LOB	D	0.01%
	HLX	F	0.01%
	WNC	D	0.01%
	CRK	B	0.01%
	EMBC	C	0.01%
	XMTR	B	0.01%
	GRC	C	0.01%
	VIR	A	0.01%
	DRVN	A	0.01%
	HCSG	A	0.01%
	MNRO	A	0.01%
	CENX	B	0.01%
	PRAA	D	0.01%
	NFE	F	0.01%
	VZIO	C	0.01%
	FG	F	0.01%
	NABL	F	0.01%
	BRKL	A	0.01%
	ALGT	A	0.01%
	EYE	D	0.01%
	DLX	F	0.01%
	CXM	F	0.01%
	RBRK	A	0.01%
	USM	B	0.01%
	CLB	A	0.01%
	COUR	F	0.01%
	DFH	F	0.01%
	MATV	F	0.01%
	SSTK	D	0.01%
	SMR	B	0.01%
	LMND	A	0.01%
	TFIN	B	0.01%
	CMTG	F	0.01%
	FIGS	B	0.01%
	JACK	C	0.01%
	BDN	D	0.01%
	BV	A	0.01%
	LGF.A	C	0.01%
	PGRE	C	0.01%
	DNUT	C	0.01%
	MMI	D	0.01%
	SCWX	B	0.0%
	AC	B	0.0%
	AMCX	F	0.0%
	ZNTL	D	0.0%
	ACDC	D	0.0%
	PRME	C	0.0%
	INNV	C	0.0%
	LAZR	F	0.0%
	ANGI	C	0.0%
	NUS	F	0.0%
	LDI	F	0.0%
	BRCC	F	0.0%
	BIGC	F	0.0%
	SAGE	F	0.0%
	GOGO	F	0.0%
	DH	F	0.0%
	TASK	C	0.0%
	PL	C	0.0%
	DIN	F	0.0%
	RGNX	F	0.0%
	OLPX	F	0.0%
	RUSHB	A	0.0%
	VREX	C	0.0%
	LASR	A	0.0%
	CMP	C	0.0%
	CENT	D	0.0%
	AMBC	D	0.0%
	LESL	D	0.0%
	BOWL	F	0.0%
	HPK	F	0.0%
	ENFN	D	0.0%
	TRTX	A	0.0%
	SWBI	C	0.0%
	KRO	B	0.0%
	CRSR	D	0.0%
	SNCY	A	0.0%
	NAPA	A	0.0%

VB Underweight 353 Positions Relative to MFUS

	Symbol	Grade	Weight
	LLY	F	-2.76%
	BRK.A	D	-2.41%
	META	B	-2.39%
	NVDA	B	-1.85%
	WMT	A	-1.7%
	AVGO	C	-1.63%
	AMZN	A	-1.55%
	ABBV	A	-1.54%
	ORCL	B	-1.42%
	COST	D	-1.32%
	JNJ	D	-1.28%
	IBM	D	-1.09%
	KO	D	-1.08%
	PG	D	-1.04%
	VZ	D	-1.03%
	AMGN	D	-1.02%
	AAPL	C	-0.99%
	JPM	B	-0.94%
	MRK	F	-0.9%
	PM	B	-0.9%
	WFC	B	-0.89%
	GILD	A	-0.85%
	QCOM	D	-0.82%
	LMT	D	-0.79%
	UNH	D	-0.77%
	PEP	D	-0.77%
	T	B	-0.73%
	TGT	D	-0.73%
	CVS	F	-0.69%
	MO	A	-0.67%
	C	B	-0.66%
	CSCO	A	-0.64%
	PFE	F	-0.64%
	HD	B	-0.63%
	MMM	D	-0.6%
	PGR	D	-0.57%
	GE	D	-0.56%
	AMAT	F	-0.55%
	MCD	D	-0.54%
	MCK	C	-0.53%
	UNP	F	-0.51%
	NFLX	A	-0.47%
	REGN	F	-0.44%
	XOM	A	-0.43%
	BAC	B	-0.42%
	TMUS	B	-0.42%
	BMY	A	-0.38%
	GS	B	-0.37%
	NOC	D	-0.37%
	GM	B	-0.37%
	CVX	A	-0.37%
	BKNG	A	-0.37%
	EBAY	D	-0.37%
	KR	B	-0.37%
	CL	F	-0.37%
	LOW	B	-0.36%
	AIG	B	-0.36%
	TJX	D	-0.36%
	NOW	A	-0.33%
	MET	C	-0.33%
	MPC	F	-0.33%
	ICE	C	-0.31%
	TXN	B	-0.3%
	TMO	F	-0.3%
	AZO	D	-0.29%
	V	A	-0.29%
	HPQ	B	-0.29%
	ISRG	B	-0.28%
	MA	B	-0.28%
	SYF	B	-0.28%
	SPGI	D	-0.28%
	COF	A	-0.27%
	GD	C	-0.26%
	CHTR	A	-0.26%
	HCA	D	-0.26%
	LHX	A	-0.26%
	WM	A	-0.26%
	AON	A	-0.25%
	ADM	F	-0.25%
	NEE	D	-0.25%
	CAH	B	-0.25%
	DHR	F	-0.25%
	ACN	C	-0.25%
	UPS	C	-0.25%
	ALL	D	-0.25%
	PRU	C	-0.24%
	KLAC	F	-0.24%
	MDLZ	F	-0.24%
	UBER	C	-0.23%
	PSX	F	-0.23%
	PANW	B	-0.23%
	RTX	C	-0.23%
	BBY	C	-0.22%
	AXP	B	-0.22%
	AFL	D	-0.22%
	VST	B	-0.22%
	VRTX	D	-0.22%
	MS	B	-0.21%
	CAT	B	-0.21%
	SHW	B	-0.21%
	CMG	D	-0.21%
	FICO	B	-0.21%
	BSX	B	-0.2%
	TRV	B	-0.2%
	GLW	B	-0.2%
	MMC	D	-0.2%
	ORLY	B	-0.2%
	GWW	B	-0.2%
	CTAS	B	-0.19%
	INTC	C	-0.19%
	GIS	D	-0.19%
	NEM	D	-0.19%
	LRCX	F	-0.18%
	BK	B	-0.18%
	FI	A	-0.18%
	MSI	B	-0.18%
	F	F	-0.17%
	AMP	B	-0.17%
	TSN	D	-0.17%
	KMB	D	-0.17%
	MU	C	-0.17%
	RMD	B	-0.17%
	PLTR	B	-0.17%
	TDG	C	-0.16%
	VLO	F	-0.16%
	CMCSA	A	-0.16%
	SPG	A	-0.16%
	BR	C	-0.16%
	ELV	F	-0.16%
	EA	A	-0.16%
	LYB	F	-0.16%
	KHC	F	-0.16%
	COR	A	-0.16%
	CB	D	-0.16%
	SMCI	F	-0.15%
	K	A	-0.15%
	HWM	B	-0.15%
	AMT	D	-0.15%
	VRSK	A	-0.15%
	AJG	D	-0.15%
	YUM	D	-0.14%
	SO	C	-0.14%
	VTRS	C	-0.14%
	DUK	C	-0.14%
	MCO	D	-0.14%
	CME	B	-0.14%
	KKR	B	-0.14%
	ANET	A	-0.14%
	IT	C	-0.14%
	CEG	C	-0.13%
	RSG	D	-0.13%
	PH	A	-0.13%
	CMI	B	-0.13%
	CI	F	-0.13%
	IRM	B	-0.13%
	EFX	D	-0.12%
	PWR	B	-0.12%
	APH	B	-0.12%
	BX	B	-0.12%
	CLX	B	-0.12%
	FAST	A	-0.12%
	PYPL	B	-0.12%
	BDX	D	-0.12%
	SYY	C	-0.12%
	DPZ	C	-0.12%
	USB	B	-0.11%
	CSX	F	-0.11%
	ADP	A	-0.11%
	EXPD	D	-0.11%
	PNC	B	-0.11%
	TSCO	D	-0.11%
	BRO	A	-0.11%
	XYL	F	-0.11%
	WELL	A	-0.11%
	EXR	D	-0.11%
	WMB	A	-0.1%
	GEN	A	-0.1%
	PSA	D	-0.1%
	AVY	F	-0.1%
	PKG	A	-0.1%
	ITW	A	-0.1%
	DASH	A	-0.1%
	NTAP	D	-0.1%
	KMI	B	-0.1%
	PHM	D	-0.1%
	WTW	A	-0.1%
	FOXA	A	-0.1%
	HPE	A	-0.1%
	DD	D	-0.1%
	GDDY	A	-0.1%
	ADSK	A	-0.09%
	IR	C	-0.09%
	TROW	A	-0.09%
	DGX	B	-0.09%
	OKE	A	-0.09%
	WDC	D	-0.09%
	MTD	C	-0.09%
	ARES	B	-0.09%
	URI	B	-0.09%
	RCL	A	-0.09%
	MPWR	F	-0.09%
	DFS	A	-0.09%
	DLR	A	-0.09%
	DG	F	-0.09%
	HLT	B	-0.09%
	NVR	D	-0.09%
	SBUX	B	-0.09%
	D	C	-0.08%
	KDP	F	-0.08%
	STE	C	-0.08%
	COIN	C	-0.08%
	OTIS	B	-0.08%
	BALL	F	-0.08%
	SRE	C	-0.08%
	FIS	B	-0.08%
	IP	A	-0.08%
	CPRT	C	-0.08%
	TFC	C	-0.08%
	TYL	B	-0.08%
	NUE	F	-0.08%
	AEP	D	-0.08%
	ECL	C	-0.08%
	MSCI	A	-0.07%
	TTWO	A	-0.07%
	NSC	C	-0.07%
	LEN	C	-0.07%
	BKR	A	-0.07%
	DHI	D	-0.07%
	MLM	A	-0.07%
	EXC	C	-0.07%
	MNST	A	-0.07%
	ALNY	C	-0.07%
	CCI	D	-0.07%
	GEHC	D	-0.07%
	BIIB	F	-0.07%
	EMR	A	-0.07%
	SQ	B	-0.06%
	HSY	F	-0.06%
	LPLA	A	-0.06%
	HIG	D	-0.06%
	TW	B	-0.06%
	MKC	D	-0.06%
	L	D	-0.06%
	NKE	F	-0.06%
	O	D	-0.06%
	ED	C	-0.06%
	ROL	C	-0.06%
	JCI	C	-0.06%
	ROP	D	-0.06%
	PEG	C	-0.06%
	OMC	A	-0.06%
	MAS	D	-0.06%
	FTNT	B	-0.06%
	COP	C	-0.06%
	CHD	B	-0.06%
	WST	C	-0.05%
	CPB	D	-0.05%
	CNC	D	-0.05%
	FANG	D	-0.05%
	SCHW	B	-0.05%
	CRBG	B	-0.05%
	PPG	F	-0.05%
	BAX	F	-0.05%
	WAT	A	-0.05%
	NDAQ	A	-0.05%
	A	B	-0.05%
	CBRE	A	-0.05%
	ANSS	B	-0.05%
	CARR	D	-0.05%
	IBKR	A	-0.05%
	SUI	D	-0.05%
	EIX	D	-0.05%
	WAB	A	-0.05%
	ZTS	F	-0.05%
	IDXX	F	-0.05%
	STZ	F	-0.05%
	IFF	D	-0.04%
	MTB	B	-0.04%
	CDW	F	-0.04%
	CFG	B	-0.04%
	PPL	C	-0.04%
	ESS	D	-0.04%
	ES	D	-0.04%
	EQR	D	-0.04%
	INVH	F	-0.04%
	NWSA	A	-0.04%
	PAYX	B	-0.04%
	FDS	A	-0.04%
	ULTA	C	-0.04%
	HEI	D	-0.04%
	SLVM	A	-0.04%
	VRSN	F	-0.04%
	CTVA	A	-0.04%
	ZBRA	A	-0.04%
	CPNG	A	-0.04%
	VTR	B	-0.04%
	FITB	B	-0.04%
	CE	F	-0.04%
	MAR	B	-0.04%
	CAG	F	-0.04%
	VLTO	D	-0.04%
	FLEX	A	-0.04%
	ETR	A	-0.04%
	DLTR	F	-0.03%
	ADNT	F	-0.03%
	MRO	B	-0.03%
	DELL	A	-0.03%
	BURL	D	-0.03%
	DRI	C	-0.03%
	FNF	C	-0.03%
	SBAC	D	-0.03%
	WPC	F	-0.03%
	NTRS	B	-0.03%
	AKAM	D	-0.03%
	HBAN	B	-0.03%
	TER	F	-0.03%
	AVTR	F	-0.03%
	CPAY	B	-0.03%
	RPRX	D	-0.03%
	AVB	C	-0.03%
	HOLX	A	-0.03%
	CMS	C	-0.03%
	FE	D	-0.03%
	DOX	B	-0.03%
	ADBE	F	-0.03%
	BMRN	F	-0.02%
	SSNC	D	-0.02%
	RF	B	-0.02%
	ODFL	A	-0.02%
	HRL	F	-0.02%
	MAA	D	-0.02%
	DTE	C	-0.02%
	DOW	F	-0.02%
	DOV	B	-0.02%
	LNT	C	-0.02%
	CINF	B	-0.02%
	CCL	A	-0.02%
	JBHT	A	-0.02%
	STC	D	-0.02%
	WRB	D	-0.02%
	KEY	B	-0.02%
	IMKTA	D	-0.01%
	RKT	D	-0.01%
	RVTY	B	-0.01%
	CNXN	D	-0.01%
	WGO	D	-0.01%
	IGT	F	-0.01%
	PFG	C	-0.01%
	UAL	A	-0.01%
	SLB	F	-0.01%
	ALGN	F	-0.01%
	SCCO	B	-0.0%
	NOMD	D	-0.0%

VB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Biotechnology Diversified Industrials Software - Infrastructure Asset Management REIT - Diversified Business Services Information Technology Services Specialty Chemicals Oil & Gas E&P Specialty Retail Building Materials Packaged Foods REIT - Retail Oil & Gas Equipment & Services Diagnostics & Research Restaurants Semiconductors Apparel Manufacturing

Keywords: Bank Banking Real Estate Investment Trust S&P 500 Computing Insurance Medicine Chemical Natural Gas Mining Deposit Products Aerospace Construction Telecommunications Biopharmaceutical Electronics Biotechnology Transport Commercial Banking Real Estate Loans

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Transport Beverage Clothing Dow Jones Component Retail Store Retailing