VBR vs. AUSF ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Global X Adaptive U.S. Factor ETF (AUSF)

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

$196.98

Average Daily Volume

429,197

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.21

Average Daily Volume

35,105

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	VBR	AUSF
30 Days	0.40%	-0.19%
60 Days	5.89%	4.49%
90 Days	9.73%	7.77%
12 Months	31.22%	40.13%

60 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in AUSF	Overlap
ABG	D	0.15%	0.46%	0.15%
ACI	F	0.2%	1.32%	0.2%
AGCO	D	0.17%	0.46%	0.17%
AGNC	C	0.22%	0.51%	0.22%
AL	D	0.14%	0.45%	0.14%
ALLY	F	0.35%	0.4%	0.35%
AM	A	0.15%	0.5%	0.15%
ARW	C	0.21%	0.52%	0.21%
ATR	A	0.3%	0.09%	0.09%
AVT	C	0.15%	0.49%	0.15%
BG	F	0.42%	0.41%	0.41%
CACI	A	0.32%	0.2%	0.2%
CADE	D	0.17%	0.45%	0.17%
CMA	C	0.22%	0.55%	0.22%
COLB	C	0.15%	0.53%	0.15%
DINO	F	0.24%	0.45%	0.24%
DTM	A	0.22%	0.6%	0.22%
EMN	C	0.35%	0.55%	0.35%
FHN	D	0.27%	0.45%	0.27%
FMC	B	0.24%	0.55%	0.24%
FNB	D	0.16%	0.46%	0.16%
GAP	F	0.16%	0.46%	0.16%
HII	F	0.33%	0.55%	0.33%
HOG	D	0.13%	0.54%	0.13%
HP	F	0.04%	0.41%	0.04%
JNPR	B	0.37%	1.53%	0.37%
JXN	A	0.2%	0.52%	0.2%
KRC	C	0.13%	0.55%	0.13%
LAD	C	0.24%	0.6%	0.24%
LDOS	A	0.31%	0.11%	0.11%
LEA	F	0.19%	0.44%	0.19%
LNC	D	0.16%	0.46%	0.16%
M	F	0.13%	0.43%	0.13%
MOS	D	0.27%	0.43%	0.27%
NSIT	B	0.21%	0.07%	0.07%
OGN	F	0.17%	0.42%	0.17%
OMF	F	0.17%	0.42%	0.17%
ONB	D	0.19%	0.45%	0.19%
ORI	B	0.26%	0.11%	0.11%
OZK	F	0.14%	0.43%	0.14%
PB	D	0.2%	0.48%	0.2%
PNW	A	0.29%	0.07%	0.07%
PRGO	F	0.12%	0.45%	0.12%
PTEN	F	0.11%	0.38%	0.11%
PVH	F	0.16%	0.47%	0.16%
RDN	D	0.16%	0.47%	0.16%
SIG	C	0.1%	0.59%	0.1%
SNX	C	0.23%	0.48%	0.23%
SOLV	C	0.26%	0.57%	0.26%
SON	D	0.16%	0.5%	0.16%
STWD	C	0.18%	0.51%	0.18%
TAP	D	0.28%	0.49%	0.28%
TPR	B	0.28%	0.55%	0.28%
UBSI	D	0.15%	0.48%	0.15%
UGI	C	0.16%	0.49%	0.16%
UNM	A	0.26%	0.61%	0.26%
WBS	D	0.24%	0.47%	0.24%
WHR	B	0.16%	0.5%	0.16%
X	F	0.23%	0.46%	0.23%
ZION	D	0.21%	0.43%	0.21%

VBR Overweight 735 Positions Relative to AUSF

Symbol	Grade	Weight
SW	C	0.72%
FCNCA	D	0.65%
BLDR	B	0.62%
BAH	A	0.6%
CSL	A	0.59%
ATO	A	0.54%
EME	C	0.54%
NRG	A	0.52%
THC	C	0.48%
RS	D	0.48%
UTHR	C	0.47%
IEX	D	0.46%
KIM	C	0.46%
RPM	A	0.44%
TOL	A	0.44%
RGA	C	0.43%
USFD	C	0.43%
OC	C	0.43%
PNR	C	0.43%
EQH	C	0.41%
RNR	A	0.4%
UHS	D	0.4%
ACM	C	0.4%
WSM	B	0.4%
KMX	F	0.39%
CPT	C	0.39%
GLPI	A	0.39%
REG	C	0.39%
JBL	D	0.37%
TTEK	B	0.37%
JLL	B	0.36%
ALLE	A	0.36%
IPG	C	0.36%
FFIV	B	0.35%
BRO	A	0.35%
OVV	F	0.34%
ITT	B	0.34%
CHRW	A	0.34%
TFX	C	0.34%
PFGC	A	0.34%
EWBC	D	0.34%
RRX	C	0.33%
RIVN	F	0.33%
NVT	D	0.33%
HUBB	A	0.32%
SCI	C	0.32%
CCK	C	0.32%
SFM	A	0.31%
APA	F	0.31%
BJ	D	0.31%
BXP	C	0.31%
AIZ	A	0.3%
OHI	C	0.29%
EHC	B	0.28%
CG	C	0.28%
DKS	D	0.28%
FRT	D	0.28%
AFG	C	0.28%
WTRG	D	0.28%
ARMK	A	0.28%
MUSA	D	0.28%
GL	C	0.28%
HSIC	D	0.27%
PRI	A	0.27%
GPK	C	0.27%
CHK	D	0.27%
KBR	C	0.27%
Z	C	0.26%
DCI	B	0.26%
APG	F	0.26%
CHRD	F	0.26%
INGR	A	0.26%
HRB	C	0.26%
JEF	A	0.26%
STLD	B	0.26%
EGP	D	0.26%
HAS	A	0.26%
WCC	C	0.25%
MHK	B	0.25%
EVR	C	0.25%
NYT	A	0.25%
WAL	C	0.25%
FLR	D	0.25%
SF	A	0.25%
NNN	A	0.25%
MKSI	F	0.24%
KNX	D	0.24%
AXTA	C	0.24%
ALSN	A	0.24%
FCN	C	0.24%
BRX	C	0.24%
CR	B	0.23%
BWA	B	0.23%
CRUS	D	0.23%
DOC	C	0.23%
AYI	A	0.23%
MLI	C	0.23%
AIT	B	0.23%
OGE	A	0.23%
SEIC	B	0.23%
ADC	B	0.22%
STAG	D	0.22%
SSB	C	0.22%
GME	F	0.22%
BPOP	D	0.22%
NI	A	0.22%
CBSH	D	0.22%
BERY	C	0.22%
FR	C	0.22%
ANF	F	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	D	0.21%
OSK	F	0.21%
G	A	0.21%
VOYA	A	0.21%
UFPI	C	0.21%
FYBR	C	0.21%
ACHC	F	0.21%
WTFC	D	0.21%
DVA	C	0.21%
IVZ	A	0.21%
RLI	A	0.2%
SAIC	A	0.2%
BIO	B	0.2%
TMHC	C	0.2%
MTG	B	0.2%
MSA	F	0.2%
MTH	C	0.2%
BBWI	F	0.2%
RRC	D	0.2%
AAL	D	0.2%
JAZZ	F	0.2%
XPO	F	0.19%
VFC	B	0.19%
SNV	D	0.19%
EVRG	C	0.19%
CFR	D	0.19%
ESNT	C	0.19%
MAT	D	0.19%
FLS	A	0.19%
UHAL	A	0.19%
ESAB	C	0.18%
R	C	0.18%
AXS	A	0.18%
AES	B	0.18%
CMC	D	0.18%
CLF	D	0.18%
RHI	D	0.18%
LPX	A	0.18%
RL	B	0.18%
FAF	B	0.18%
MOG.A	A	0.17%
AN	C	0.17%
BECN	F	0.17%
AA	B	0.17%
COOP	B	0.17%
VMI	B	0.17%
SJM	C	0.17%
CBT	B	0.17%
ST	F	0.17%
ESI	B	0.17%
VNO	A	0.17%
COHR	B	0.17%
LUMN	C	0.16%
NXST	D	0.16%
BC	D	0.16%
BCC	C	0.16%
TKR	D	0.16%
GBCI	C	0.16%
WTS	C	0.16%
KBH	C	0.16%
MUR	F	0.16%
VNT	F	0.16%
THO	B	0.16%
VVV	D	0.16%
KD	F	0.16%
NFG	A	0.16%
SRCL	B	0.16%
LAMR	C	0.16%
EPAM	F	0.16%
SIGI	D	0.16%
AMG	B	0.16%
QRVO	F	0.16%
LKQ	F	0.16%
PARA	F	0.16%
SUM	D	0.15%
SWX	C	0.15%
POR	C	0.15%
GATX	F	0.15%
HOMB	D	0.15%
SEE	C	0.15%
IDA	C	0.15%
OLN	D	0.15%
MDU	C	0.15%
CTLT	A	0.15%
XRAY	D	0.15%
HWC	D	0.14%
FUL	F	0.14%
BCO	C	0.14%
THG	C	0.14%
JHG	C	0.14%
GPI	C	0.14%
SLM	C	0.14%
ASH	F	0.13%
CUZ	C	0.13%
ITGR	C	0.13%
BDC	B	0.13%
SLG	C	0.13%
FLO	D	0.13%
FFIN	D	0.13%
ACA	C	0.13%
KNF	C	0.13%
MDGL	F	0.13%
AVNT	C	0.13%
ZWS	A	0.13%
MATX	C	0.13%
WTM	D	0.13%
PII	D	0.13%
NJR	C	0.13%
PSN	A	0.13%
RYN	C	0.13%
ALK	B	0.13%
PIPR	B	0.13%
LYFT	D	0.12%
SBRA	C	0.12%
TPG	B	0.12%
ESGR	D	0.12%
AR	B	0.12%
DNB	D	0.12%
TPH	C	0.12%
CNX	A	0.12%
UMBF	C	0.12%
ABCB	C	0.12%
ENS	D	0.12%
BKH	C	0.12%
ASO	D	0.12%
WU	D	0.12%
AGO	B	0.12%
GTES	C	0.12%
CPRI	B	0.12%
KTB	B	0.12%
SLGN	C	0.12%
ASGN	D	0.12%
CNXC	F	0.12%
PR	F	0.12%
AUR	C	0.12%
CRC	B	0.11%
CNO	C	0.11%
EPR	C	0.11%
MTZ	B	0.11%
BGC	C	0.11%
TEX	F	0.11%
ABM	D	0.11%
HUN	B	0.11%
UCBI	B	0.11%
AEO	B	0.11%
AMKR	F	0.11%
PNFP	D	0.11%
SANM	D	0.11%
ALE	A	0.11%
HASI	C	0.11%
PNM	B	0.11%
DXC	D	0.11%
MSM	D	0.11%
PBH	D	0.11%
SEM	D	0.11%
VLY	C	0.11%
MIDD	D	0.11%
KFY	C	0.11%
IAC	C	0.11%
KMPR	D	0.11%
ICUI	B	0.11%
NCLH	C	0.11%
OGS	C	0.11%
COTY	F	0.1%
RUSHA	D	0.1%
NUVL	B	0.1%
ASB	F	0.1%
WSFS	D	0.1%
EBC	D	0.1%
SXT	C	0.1%
GVA	A	0.1%
SKT	A	0.1%
NWE	B	0.1%
SR	C	0.1%
RXO	D	0.1%
NHI	C	0.1%
AX	D	0.1%
NSP	F	0.1%
NPO	C	0.1%
FBP	D	0.1%
ATKR	F	0.1%
PAG	D	0.1%
HIW	C	0.1%
WD	C	0.1%
PBF	F	0.1%
MAC	C	0.1%
BNL	C	0.1%
PCH	C	0.1%
GMS	C	0.1%
PLXS	B	0.1%
FULT	D	0.1%
MAN	D	0.1%
HL	C	0.1%
IBOC	D	0.1%
OTTR	F	0.1%
AUB	D	0.1%
CC	D	0.09%
LXP	D	0.09%
IOVA	F	0.09%
FL	F	0.09%
AIN	F	0.09%
WEN	D	0.09%
GFF	C	0.09%
SKYW	B	0.09%
WAFD	D	0.09%
TNL	B	0.09%
CNK	C	0.09%
AVA	D	0.09%
SMG	A	0.09%
AWR	A	0.09%
CATY	D	0.09%
GNW	C	0.09%
PK	D	0.09%
ALIT	D	0.09%
ESE	B	0.09%
BRC	C	0.09%
FHB	D	0.09%
TCBI	C	0.09%
MGEE	C	0.09%
NVST	D	0.09%
APLE	D	0.09%
EAT	A	0.09%
AMED	D	0.09%
HCC	B	0.09%
AROC	B	0.09%
SYNA	D	0.09%
CBU	D	0.09%
INDB	D	0.08%
PRK	D	0.08%
ENOV	F	0.08%
VIRT	B	0.08%
RNG	F	0.08%
SPB	C	0.08%
LSXMK	D	0.08%
SM	F	0.08%
BOH	D	0.08%
MGRC	D	0.08%
DEI	A	0.08%
MPW	C	0.08%
AAP	F	0.08%
TRN	C	0.08%
ATGE	D	0.08%
TDC	D	0.08%
PFSI	C	0.08%
FHI	C	0.08%
FIBK	D	0.08%
APAM	C	0.08%
HUBG	D	0.08%
REZI	D	0.08%
NWL	D	0.08%
BTU	B	0.08%
WLK	C	0.08%
POST	C	0.08%
ADTN	B	0.08%
CWK	C	0.08%
PENN	D	0.08%
BHF	F	0.08%
CACC	F	0.08%
UNF	A	0.08%
BKU	D	0.08%
IOSP	F	0.08%
PRIM	C	0.08%
AIR	D	0.07%
WERN	D	0.07%
ZD	D	0.07%
PECO	C	0.07%
LAUR	C	0.07%
TOWN	D	0.07%
CRI	D	0.07%
FRME	D	0.07%
HI	F	0.07%
AKR	C	0.07%
ENR	B	0.07%
VAC	D	0.07%
MC	C	0.07%
AZZ	C	0.07%
TGNA	B	0.07%
PFS	D	0.07%
ARCH	D	0.07%
ARCB	D	0.07%
BOKF	D	0.07%
URBN	F	0.07%
CWEN	C	0.07%
FFBC	D	0.07%
MTRN	F	0.07%
OUT	C	0.07%
HNI	B	0.07%
OSIS	B	0.07%
DY	C	0.07%
MYGN	D	0.07%
ABR	C	0.07%
CVBF	B	0.07%
PPBI	F	0.07%
GHC	B	0.07%
MTX	B	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	C	0.07%
PRGS	B	0.07%
VSH	F	0.07%
BXMT	C	0.07%
COMP	C	0.07%
AZTA	F	0.07%
SFNC	C	0.07%
KAR	D	0.06%
TTMI	D	0.06%
HURN	D	0.06%
GOLF	F	0.06%
IVT	C	0.06%
ZG	C	0.06%
PRG	C	0.06%
VIAV	B	0.06%
B	C	0.06%
BANF	D	0.06%
THS	C	0.06%
LITE	A	0.06%
JOBY	D	0.06%
OI	D	0.06%
GNL	D	0.06%
WLY	A	0.06%
SFBS	D	0.06%
EPC	F	0.06%
VGR	B	0.06%
AMN	F	0.06%
MIR	B	0.06%
IMVT	F	0.06%
KMT	C	0.06%
KSS	D	0.06%
OMCL	C	0.06%
IBTX	D	0.06%
SPR	D	0.06%
BANR	C	0.06%
FTRE	F	0.06%
NATL	D	0.06%
EQC	D	0.06%
HAYW	B	0.06%
RNST	D	0.06%
MLKN	F	0.06%
SXI	C	0.06%
HBI	B	0.06%
CTRE	B	0.06%
SHO	D	0.06%
TDS	B	0.06%
PINC	F	0.06%
STRA	F	0.06%
BLKB	C	0.06%
OFG	D	0.06%
JWN	D	0.06%
PHIN	C	0.06%
NBTB	D	0.06%
PSMT	B	0.06%
CDE	C	0.06%
EVTC	D	0.06%
SATS	C	0.06%
GTY	C	0.05%
STBA	D	0.05%
REVG	D	0.05%
SHOO	A	0.05%
KN	C	0.05%
INFA	D	0.05%
LTC	D	0.05%
JBGS	C	0.05%
LEG	D	0.05%
STEP	A	0.05%
JBLU	B	0.05%
ANDE	D	0.05%
TROX	D	0.05%
REYN	D	0.05%
PPC	B	0.05%
NBHC	D	0.05%
SCL	D	0.05%
CHCO	D	0.05%
FCF	D	0.05%
LRN	C	0.05%
GO	F	0.05%
CRGY	B	0.05%
CENTA	F	0.05%
LZB	C	0.05%
IDCC	A	0.05%
DRH	C	0.05%
NWBI	D	0.05%
NMRK	A	0.05%
VSAT	F	0.05%
NHC	D	0.05%
GEO	F	0.05%
CAKE	A	0.05%
LGND	D	0.05%
PDCO	F	0.05%
WSBC	D	0.05%
TRMK	D	0.05%
MCY	B	0.05%
SUPN	D	0.05%
VSCO	C	0.05%
VRNT	F	0.05%
VSTS	D	0.05%
ROIC	C	0.05%
IPGP	D	0.05%
EDR	A	0.05%
BHLB	D	0.04%
SCS	D	0.04%
PBI	C	0.04%
AMRX	B	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
EIG	B	0.04%
INSW	B	0.04%
JELD	D	0.04%
PMT	C	0.04%
VCTR	B	0.04%
DK	F	0.04%
AAT	C	0.04%
SAFT	D	0.04%
WS	D	0.04%
XRX	D	0.04%
MSGE	A	0.04%
UVV	D	0.04%
HELE	D	0.04%
BKE	D	0.04%
LC	B	0.04%
OXM	F	0.04%
BKD	D	0.04%
WABC	F	0.04%
CAR	D	0.04%
PWSC	C	0.04%
NAVI	D	0.04%
SBH	C	0.04%
CODI	D	0.04%
IART	F	0.04%
CSGS	C	0.04%
WOR	F	0.04%
DNOW	F	0.04%
SPNT	D	0.04%
LADR	D	0.04%
ESRT	C	0.04%
UA	B	0.04%
VRTS	F	0.04%
GBX	C	0.04%
NGVT	D	0.04%
ALEX	D	0.04%
UAA	B	0.04%
BHE	C	0.04%
CXW	F	0.04%
NTCT	B	0.04%
HMN	B	0.04%
HOPE	D	0.04%
DAN	D	0.04%
RRR	D	0.04%
APOG	B	0.04%
HEES	D	0.04%
HTH	D	0.04%
ARI	F	0.04%
BLMN	F	0.04%
GEF	D	0.04%
NWN	C	0.04%
UNFI	B	0.03%
DNUT	D	0.03%
BDN	A	0.03%
CGON	C	0.03%
BRKL	D	0.03%
FG	B	0.03%
PRAA	F	0.03%
CBRL	D	0.03%
NNI	C	0.03%
LGF.A	F	0.03%
CVI	F	0.03%
LEVI	B	0.03%
BV	B	0.03%
DLX	F	0.03%
MD	B	0.03%
NX	F	0.03%
MMI	C	0.03%
CWEN	C	0.03%
RBRK	F	0.03%
EMBC	F	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	F	0.03%
FA	A	0.03%
MATV	F	0.03%
UNIT	B	0.03%
RWT	C	0.03%
RKLB	B	0.03%
SNDR	C	0.03%
GIII	C	0.03%
HTLF	C	0.03%
INVA	B	0.03%
DDS	D	0.03%
TRS	D	0.03%
WWW	A	0.03%
ODP	F	0.03%
VSTO	D	0.03%
ATSG	B	0.03%
THR	F	0.03%
MRC	D	0.03%
CNNE	F	0.03%
DBRG	D	0.03%
WMK	D	0.03%
AVNS	D	0.03%
CSR	D	0.03%
ACT	C	0.03%
CARS	F	0.03%
FDP	C	0.03%
ECPG	F	0.03%
OMI	F	0.03%
SCSC	D	0.03%
KALU	D	0.03%
HE	F	0.03%
TILE	C	0.02%
HTLD	F	0.02%
FOR	D	0.02%
MXL	F	0.02%
KREF	C	0.02%
SMR	B	0.02%
CNDT	B	0.02%
GES	F	0.02%
SCHL	F	0.02%
HY	F	0.02%
BGS	D	0.02%
BMBL	F	0.02%
UHAL	A	0.02%
SWI	C	0.02%
KELYA	D	0.02%
CFFN	D	0.02%
SMMT	D	0.02%
PRA	B	0.02%
CAL	F	0.02%
TMP	D	0.02%
AMC	F	0.02%
AMWD	B	0.02%
AXL	F	0.02%
HAIN	B	0.02%
USM	C	0.02%
PUMP	F	0.02%
XHR	B	0.02%
HPP	F	0.02%
RGR	F	0.02%
HLIO	B	0.02%
MATW	F	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
ASTE	F	0.02%
MNRO	B	0.02%
PRLB	F	0.02%
HLF	F	0.02%
SVC	F	0.02%
BRSP	D	0.02%
PZZA	D	0.02%
CABO	F	0.02%
KOP	F	0.02%
PEB	D	0.02%
HCSG	D	0.02%
SAH	D	0.02%
EYE	F	0.02%
WNC	F	0.02%
MEI	D	0.01%
UFCS	D	0.01%
PACB	F	0.01%
RDUS	D	0.01%
OPK	D	0.01%
NPK	F	0.01%
OLPX	C	0.01%
WOOF	A	0.01%
BRCC	F	0.01%
ALX	C	0.01%
ZIP	D	0.01%
KRO	B	0.01%
DJT	F	0.01%
CRCT	C	0.01%
TGI	F	0.01%
SRCL	B	0.01%
TRTX	D	0.01%
EE	A	0.01%
AMCX	F	0.01%
EGBN	B	0.01%
RUSHB	D	0.01%
SWBI	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
BJRI	D	0.01%
WRLD	D	0.01%
PCRX	F	0.01%
INN	A	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	B	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	B	0.01%
GRC	B	0.01%
NABL	F	0.01%
NUS	F	0.01%
PTVE	D	0.01%
UDMY	F	0.01%
DAWN	D	0.01%
TWKS	B	0.01%
CCO	D	0.01%
CWH	C	0.01%
GCMG	A	0.01%
CLB	D	0.01%
DIN	D	0.01%
USNA	F	0.01%
CLBK	F	0.01%
JACK	F	0.01%
NVRI	D	0.01%
LGF.A	F	0.01%
BFS	A	0.01%
AMBC	F	0.01%
VREX	F	0.01%
SSP	F	0.0%
SCWX	B	0.0%
AC	B	0.0%
TTEC	D	0.0%
CRNC	F	0.0%
SAVE	F	0.0%
CHGG	F	0.0%
ACDC	D	0.0%
UHT	C	0.0%
DBI	F	0.0%
GEF	D	0.0%
LDI	C	0.0%

VBR Underweight 129 Positions Relative to AUSF

Symbol	Grade	Weight
IBM	B	-2.32%
VZ	A	-2.07%
T	A	-1.95%
WMT	A	-1.67%
TMUS	A	-1.67%
RTX	A	-1.67%
LMT	A	-1.64%
BRK.A	C	-1.52%
MMC	D	-1.5%
GD	A	-1.5%
RSG	D	-1.49%
JNJ	D	-1.49%
LIN	B	-1.48%
AJG	D	-1.48%
ROP	C	-1.44%
CME	A	-1.38%
V	C	-1.38%
WM	B	-1.38%
DOX	B	-1.35%
CSCO	A	-1.35%
MRK	F	-1.25%
EA	D	-1.25%
KO	C	-1.24%
MCD	A	-1.23%
BSX	A	-1.18%
CBOE	A	-0.95%
PG	C	-0.89%
BR	B	-0.83%
PEP	D	-0.74%
LBRDK	B	-0.64%
WMB	A	-0.6%
MO	D	-0.59%
KMI	A	-0.59%
OKE	B	-0.56%
UAL	B	-0.56%
DAL	C	-0.55%
CHE	C	-0.55%
BBY	B	-0.54%
CNC	F	-0.54%
MDT	B	-0.54%
FOXA	A	-0.54%
VICI	C	-0.53%
CNH	B	-0.53%
CMCSA	B	-0.52%
CAG	D	-0.52%
KEY	C	-0.5%
FITB	C	-0.5%
KHC	D	-0.5%
IP	C	-0.5%
USB	C	-0.49%
MTB	C	-0.49%
RF	C	-0.49%
PNC	C	-0.49%
HPE	B	-0.48%
LYB	D	-0.48%
CVS	D	-0.48%
HBAN	D	-0.47%
VTRS	D	-0.47%
SYF	B	-0.47%
CRBG	C	-0.47%
GM	D	-0.47%
C	B	-0.46%
CE	D	-0.46%
HPQ	C	-0.46%
CFG	D	-0.46%
RPRX	B	-0.46%
ADM	D	-0.45%
BEN	F	-0.44%
EMR	B	-0.44%
NOV	F	-0.42%
F	D	-0.37%
WBA	F	-0.36%
INTC	D	-0.36%
CIVI	F	-0.36%
MCK	F	-0.36%
AMGN	D	-0.3%
YUM	A	-0.27%
PGR	C	-0.2%
ABBV	A	-0.18%
TW	A	-0.13%
KR	C	-0.13%
CHD	C	-0.12%
TRV	C	-0.12%
AFL	A	-0.12%
COST	C	-0.12%
DUK	A	-0.11%
NOC	B	-0.11%
WRB	B	-0.11%
AAPL	C	-0.11%
SO	A	-0.11%
ICE	A	-0.1%
TJX	C	-0.1%
ED	A	-0.1%
GRMN	D	-0.1%
MSI	A	-0.1%
REGN	D	-0.09%
KMB	B	-0.09%
XOM	A	-0.09%
HIG	A	-0.09%
DGX	B	-0.09%
DRI	C	-0.09%
MA	A	-0.09%
FDS	C	-0.09%
MDLZ	C	-0.09%
PKG	C	-0.09%
VRTX	D	-0.09%
CVX	B	-0.08%
GDDY	D	-0.08%
CB	A	-0.08%
PCAR	D	-0.08%
BDX	B	-0.08%
L	D	-0.08%
NEU	F	-0.08%
CAH	B	-0.08%
AKAM	D	-0.08%
UNH	B	-0.08%
VRSK	D	-0.08%
ADP	A	-0.08%
CI	D	-0.07%
HOLX	D	-0.07%
ECL	B	-0.07%
AME	D	-0.07%
DLB	D	-0.07%
SNA	A	-0.07%
HON	C	-0.07%
VRSN	B	-0.07%
CASY	D	-0.07%
CL	D	-0.07%
PSX	D	-0.06%