VBR vs. AVIE ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Avantis Inflation Focused Equity ETF (AVIE)

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

$211.24

Average Daily Volume

422,454

Number of Holdings ^*

797

* may have additional holdings in another (foreign) market

AVIE

Avantis Inflation Focused Equity ETF

AVIE Description

Avantis Inflation Focused Equity ETF is an exchange traded fund launched and managed by American Century Investment Management Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of small-cap companies. Avantis Inflation Focused Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.43

Average Daily Volume

523

Number of Holdings ^*

336

* may have additional holdings in another (foreign) market

Performance

Period	VBR	AVIE
30 Days	5.18%	-1.45%
60 Days	8.51%	1.04%
90 Days	12.95%	1.80%
12 Months	38.40%	17.39%

104 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in AVIE	Overlap
AA	C	0.29%	0.13%	0.13%
ACDC	C	0.0%	0.0%	0.0%
AFG	B	0.29%	0.12%	0.12%
AGO	B	0.11%	0.07%	0.07%
AIZ	A	0.3%	0.12%	0.12%
AM	B	0.15%	0.08%	0.08%
AMBC	C	0.01%	0.01%	0.01%
APA	F	0.26%	0.14%	0.14%
AR	B	0.12%	0.13%	0.12%
ARCH	B	0.07%	0.06%	0.06%
AROC	B	0.09%	0.1%	0.09%
AXS	B	0.17%	0.11%	0.11%
BG	D	0.39%	0.26%	0.26%
BHF	B	0.08%	0.06%	0.06%
BTU	C	0.09%	0.07%	0.07%
CBT	B	0.18%	0.15%	0.15%
CC	D	0.09%	0.1%	0.09%
CDE	D	0.07%	0.07%	0.07%
CENT	C	0.01%	0.01%	0.01%
CENTA	C	0.05%	0.04%	0.04%
CHRD	F	0.23%	0.09%	0.09%
CLB	B	0.01%	0.02%	0.01%
CLF	D	0.17%	0.18%	0.17%
CMC	B	0.18%	0.16%	0.16%
CMP	D	0.01%	0.01%	0.01%
CNNE	B	0.03%	0.04%	0.03%
CNO	B	0.1%	0.05%	0.05%
CNX	B	0.13%	0.11%	0.11%
CRC	B	0.12%	0.06%	0.06%
CRGY	B	0.05%	0.05%	0.05%
CVI	F	0.02%	0.01%	0.01%
DINO	D	0.21%	0.12%	0.12%
DK	D	0.03%	0.02%	0.02%
DTM	A	0.22%	0.14%	0.14%
EE	B	0.01%	0.01%	0.01%
EIG	B	0.03%	0.03%	0.03%
ELAN	D	0.21%	0.07%	0.07%
ENR	B	0.07%	0.04%	0.04%
ESGR	C	0.11%	0.03%	0.03%
FAF	D	0.19%	0.08%	0.08%
FDP	B	0.03%	0.04%	0.03%
FG	B	0.02%	0.01%	0.01%
FMC	F	0.24%	0.19%	0.19%
GL	B	0.27%	0.13%	0.13%
GNW	A	0.09%	0.08%	0.08%
HCC	C	0.1%	0.1%	0.1%
HL	D	0.11%	0.1%	0.1%
HMN	B	0.04%	0.02%	0.02%
HP	C	0.04%	0.08%	0.04%
HSIC	F	0.27%	0.14%	0.14%
HUN	F	0.11%	0.08%	0.08%
INGR	B	0.26%	0.2%	0.2%
INSW	F	0.04%	0.04%	0.04%
JAZZ	B	0.19%	0.06%	0.06%
KALU	B	0.03%	0.05%	0.03%
KMPR	A	0.11%	0.07%	0.07%
KOP	D	0.02%	0.02%	0.02%
KRO	D	0.01%	0.01%	0.01%
LNC	B	0.15%	0.05%	0.05%
MATV	F	0.03%	0.02%	0.02%
MCY	B	0.05%	0.02%	0.02%
MOS	D	0.25%	0.17%	0.17%
MTRN	B	0.07%	0.06%	0.06%
MUR	F	0.14%	0.08%	0.08%
NAPA	B	0.01%	0.01%	0.01%
OGN	F	0.14%	0.05%	0.05%
OLN	D	0.16%	0.13%	0.13%
OMI	F	0.03%	0.02%	0.02%
ORI	A	0.24%	0.18%	0.18%
OVV	C	0.29%	0.16%	0.16%
PBF	F	0.08%	0.07%	0.07%
PCH	F	0.1%	0.1%	0.1%
PDCO	D	0.05%	0.04%	0.04%
PR	B	0.12%	0.06%	0.06%
PRA	B	0.02%	0.01%	0.01%
PRGO	C	0.1%	0.03%	0.03%
PRI	A	0.26%	0.22%	0.22%
PTEN	D	0.09%	0.07%	0.07%
PUMP	D	0.02%	0.02%	0.02%
REYN	D	0.05%	0.03%	0.03%
RGA	A	0.41%	0.27%	0.27%
RLI	A	0.19%	0.11%	0.11%
RNR	D	0.41%	0.17%	0.17%
RRC	B	0.2%	0.15%	0.15%
RS	B	0.46%	0.4%	0.4%
RYN	F	0.14%	0.09%	0.09%
SAFT	B	0.03%	0.02%	0.02%
SIGI	B	0.16%	0.07%	0.07%
SM	C	0.07%	0.09%	0.07%
SMG	C	0.11%	0.12%	0.11%
SPB	A	0.07%	0.07%	0.07%
SPNT	C	0.04%	0.02%	0.02%
STLD	B	0.27%	0.48%	0.27%
TAP	B	0.29%	0.21%	0.21%
THG	A	0.14%	0.06%	0.06%
TROX	F	0.05%	0.04%	0.04%
UNM	A	0.25%	0.27%	0.25%
UTHR	B	0.46%	0.24%	0.24%
UVV	B	0.04%	0.02%	0.02%
WKC	D	0.05%	0.02%	0.02%
WLK	F	0.08%	0.08%	0.08%
WS	B	0.03%	0.04%	0.03%
WTM	A	0.12%	0.04%	0.04%
X	B	0.21%	0.2%	0.2%

VBR Overweight 693 Positions Relative to AVIE

Symbol	Grade	Weight
SW	C	0.74%
BLDR	D	0.65%
BAH	C	0.61%
CSL	C	0.6%
ATO	A	0.58%
EME	B	0.58%
FCNCA	B	0.57%
NRG	B	0.54%
PNR	B	0.47%
IEX	B	0.47%
TOL	B	0.46%
THC	B	0.46%
WSM	F	0.45%
RPM	B	0.45%
KIM	B	0.45%
OC	B	0.44%
USFD	A	0.43%
AES	F	0.41%
ACM	B	0.4%
GLPI	D	0.39%
EQH	B	0.39%
EMN	D	0.38%
REG	B	0.38%
CPT	D	0.38%
ALLE	D	0.37%
JLL	C	0.37%
JNPR	C	0.37%
FFIV	B	0.37%
JBL	B	0.37%
UHS	D	0.37%
TTEK	C	0.36%
KMX	C	0.35%
PFGC	B	0.35%
ITT	A	0.35%
SJM	F	0.35%
CHRW	B	0.35%
TFX	F	0.34%
NVT	B	0.34%
IPG	F	0.34%
BXP	D	0.33%
EWBC	A	0.33%
HUBB	B	0.33%
CCK	B	0.33%
BJ	B	0.32%
LDOS	A	0.32%
RRX	C	0.32%
SFM	B	0.32%
FBIN	F	0.32%
CACI	B	0.32%
ATR	A	0.31%
EPAM	C	0.31%
TPR	B	0.31%
SCI	B	0.31%
HII	D	0.3%
OHI	B	0.3%
LKQ	D	0.3%
CG	B	0.29%
PNW	B	0.29%
ARMK	C	0.29%
HAS	D	0.28%
FRT	C	0.28%
SOLV	C	0.28%
EHC	B	0.28%
ALLY	C	0.28%
QRVO	F	0.28%
Z	B	0.28%
EVR	B	0.27%
WTRG	B	0.27%
JEF	B	0.26%
HRB	D	0.26%
DCI	A	0.26%
GPK	D	0.26%
NNN	F	0.26%
WAL	B	0.26%
MUSA	B	0.26%
EGP	D	0.26%
SF	A	0.26%
AIT	A	0.25%
MHK	D	0.25%
NYT	C	0.25%
KBR	B	0.25%
GME	C	0.25%
FYBR	D	0.25%
APG	B	0.24%
FCN	D	0.24%
FLR	C	0.24%
AGNC	D	0.24%
OGE	B	0.24%
WCC	B	0.24%
BWA	B	0.24%
DKS	D	0.24%
KNX	B	0.24%
FHN	B	0.24%
ALSN	B	0.24%
BRX	B	0.24%
MLI	B	0.24%
AYI	A	0.24%
LAD	B	0.24%
SWN	C	0.23%
AXTA	B	0.23%
CMA	B	0.23%
WBS	B	0.23%
DOC	C	0.23%
SEIC	A	0.23%
MIDD	C	0.22%
IVZ	C	0.22%
ADC	B	0.22%
UFPI	B	0.22%
SNX	C	0.22%
CR	B	0.22%
VFC	C	0.22%
NI	A	0.22%
VOYA	A	0.22%
STAG	F	0.21%
VNO	C	0.21%
SAIC	B	0.21%
ANF	D	0.21%
WTFC	A	0.21%
LUMN	B	0.21%
BPOP	C	0.21%
MKSI	D	0.21%
AAL	B	0.21%
RL	B	0.21%
BERY	C	0.21%
FR	D	0.21%
SSB	B	0.21%
MTH	D	0.21%
FLS	B	0.2%
LPX	A	0.2%
COHR	B	0.2%
JXN	B	0.2%
DVA	C	0.2%
CBSH	A	0.2%
TMHC	C	0.2%
ZION	B	0.2%
G	B	0.2%
UHAL	C	0.2%
BBWI	C	0.2%
NSIT	F	0.2%
ARW	F	0.2%
KEX	A	0.2%
CFR	B	0.19%
STWD	D	0.19%
MAT	C	0.19%
BIO	C	0.19%
ESNT	D	0.19%
PB	A	0.19%
OSK	B	0.19%
MSA	D	0.19%
CRUS	F	0.19%
MTG	D	0.19%
RHI	B	0.19%
EVRG	A	0.19%
SNV	B	0.18%
ESAB	B	0.18%
LEA	F	0.18%
AGCO	F	0.18%
MOG.A	B	0.17%
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	A	0.17%
R	B	0.17%
AN	D	0.17%
VVV	B	0.16%
ST	F	0.16%
COLB	B	0.16%
KBH	D	0.16%
XRAY	F	0.16%
BCC	B	0.16%
IDA	A	0.16%
AUR	C	0.16%
NFG	C	0.16%
BC	D	0.16%
THO	B	0.16%
ALB	C	0.16%
ACHC	F	0.16%
PVH	C	0.16%
OMF	B	0.16%
PARA	C	0.16%
COOP	B	0.16%
SRCL	B	0.16%
WTS	B	0.16%
ALK	A	0.16%
AMG	C	0.15%
KNF	C	0.15%
NXST	C	0.15%
FNB	A	0.15%
GBCI	B	0.15%
VNT	B	0.15%
SIRI	C	0.15%
RDN	C	0.15%
MDU	F	0.15%
KD	B	0.15%
TKR	F	0.15%
BECN	B	0.15%
SON	F	0.15%
UGI	D	0.15%
GAP	C	0.15%
TPG	B	0.14%
GATX	B	0.14%
CPRI	F	0.14%
ABG	B	0.14%
RIVN	F	0.14%
PIPR	B	0.14%
BDC	B	0.14%
AVT	C	0.14%
MATX	B	0.14%
SUM	B	0.14%
BCO	F	0.14%
JHG	B	0.14%
HOMB	A	0.14%
GPI	B	0.14%
ZWS	B	0.14%
POR	D	0.14%
PSN	A	0.14%
SLM	B	0.14%
UBSI	B	0.14%
LYFT	B	0.13%
UMBF	B	0.13%
ITGR	B	0.13%
SBRA	B	0.13%
SIG	B	0.13%
FLO	F	0.13%
NUVL	D	0.13%
PII	F	0.13%
HWC	B	0.13%
MGM	F	0.13%
CUZ	C	0.13%
SWX	B	0.13%
FFIN	B	0.13%
NCLH	A	0.13%
SLG	C	0.13%
AL	B	0.13%
KRC	C	0.13%
KTB	B	0.13%
HOG	F	0.13%
AVNT	B	0.13%
ACA	B	0.13%
OZK	B	0.13%
NJR	B	0.13%
HASI	F	0.12%
TPH	D	0.12%
WU	F	0.12%
ASH	F	0.12%
ABCB	B	0.12%
ENS	D	0.12%
M	D	0.12%
GTES	B	0.12%
SLGN	A	0.12%
ASO	F	0.12%
OGS	B	0.12%
ICUI	C	0.12%
SEE	C	0.12%
BKH	B	0.12%
FUL	F	0.12%
NHI	C	0.11%
SR	C	0.11%
ALE	A	0.11%
EPR	D	0.11%
PLXS	B	0.11%
DXC	B	0.11%
DNB	B	0.11%
MSM	B	0.11%
IAC	F	0.11%
MTZ	B	0.11%
MDGL	B	0.11%
VLY	B	0.11%
KFY	B	0.11%
MAC	B	0.11%
EDR	C	0.11%
PNM	B	0.11%
AEO	F	0.11%
ASGN	B	0.11%
TCBI	A	0.1%
MGEE	A	0.1%
RUSHA	B	0.1%
ABM	B	0.1%
ESE	B	0.1%
IBOC	B	0.1%
TEX	C	0.1%
AUB	B	0.1%
AMKR	F	0.1%
NVST	C	0.1%
AX	B	0.1%
SXT	B	0.1%
NPO	B	0.1%
CDP	C	0.1%
GVA	B	0.1%
UCB	B	0.1%
FBP	B	0.1%
MAN	F	0.1%
NWE	C	0.1%
MPW	F	0.1%
HIW	D	0.1%
SANM	B	0.1%
GMS	B	0.1%
BNL	D	0.1%
PBH	A	0.1%
PNFP	B	0.1%
SEM	B	0.1%
SKT	A	0.1%
WD	C	0.1%
SATS	C	0.09%
FHB	B	0.09%
PRIM	B	0.09%
ALIT	B	0.09%
NSP	F	0.09%
UNF	B	0.09%
WSFS	A	0.09%
WEN	C	0.09%
APAM	B	0.09%
NWL	B	0.09%
ATKR	C	0.09%
AVA	D	0.09%
CBU	B	0.09%
TNL	A	0.09%
SYNA	D	0.09%
ASB	B	0.09%
COMP	B	0.09%
WBA	D	0.09%
GFF	C	0.09%
AWR	B	0.09%
CWK	B	0.09%
AMED	F	0.09%
BEN	C	0.09%
EBC	B	0.09%
BRC	B	0.09%
APLE	B	0.09%
SKYW	B	0.09%
PAG	C	0.09%
COTY	F	0.09%
EAT	A	0.09%
OTTR	C	0.09%
BGC	B	0.09%
FULT	B	0.09%
TGNA	B	0.08%
HUBG	B	0.08%
GHC	B	0.08%
URBN	C	0.08%
ATGE	B	0.08%
POST	D	0.08%
BKU	B	0.08%
CXT	D	0.08%
DY	C	0.08%
AIN	D	0.08%
ABR	B	0.08%
ADTN	B	0.08%
PK	B	0.08%
REZI	A	0.08%
LXP	D	0.08%
IOSP	B	0.08%
WAFD	B	0.08%
CNXC	F	0.08%
TRN	A	0.08%
PENN	B	0.08%
PRGS	A	0.08%
TDC	D	0.08%
PFSI	D	0.08%
DEI	C	0.08%
CATY	B	0.08%
JWN	B	0.08%
FHI	A	0.08%
WERN	B	0.07%
FFBC	B	0.07%
PFS	B	0.07%
PECO	B	0.07%
HAYW	C	0.07%
VAC	B	0.07%
AAP	D	0.07%
AZZ	B	0.07%
BOKF	B	0.07%
VSH	F	0.07%
BFH	B	0.07%
CVBF	B	0.07%
SMMT	D	0.07%
INDB	B	0.07%
ENOV	C	0.07%
HNI	B	0.07%
PPBI	B	0.07%
PRK	B	0.07%
FL	D	0.07%
DBRG	F	0.07%
HBI	B	0.07%
OSIS	C	0.07%
RNG	C	0.07%
AKR	C	0.07%
MTX	B	0.07%
BOH	B	0.07%
GT	C	0.07%
VIRT	B	0.07%
CWEN	D	0.07%
RNA	B	0.07%
ARCB	C	0.07%
IOVA	D	0.07%
FIBK	B	0.07%
SFNC	B	0.07%
MGRC	B	0.07%
OUT	C	0.07%
BXMT	C	0.07%
UE	B	0.07%
PHIN	B	0.06%
BANF	B	0.06%
RXO	C	0.06%
HURN	B	0.06%
GNL	D	0.06%
PRG	C	0.06%
HI	C	0.06%
VSTS	D	0.06%
NMRK	B	0.06%
THS	F	0.06%
RNST	B	0.06%
INFA	D	0.06%
WLY	A	0.06%
IPGP	C	0.06%
VYX	B	0.06%
SFBS	B	0.06%
JOBY	C	0.06%
NBTB	B	0.06%
VGR	B	0.06%
VIAV	B	0.06%
PINC	B	0.06%
OMCL	C	0.06%
VSCO	B	0.06%
KMT	B	0.06%
CGON	C	0.06%
LAUR	B	0.06%
EQC	B	0.06%
IBTX	B	0.06%
OI	D	0.06%
IVT	B	0.06%
BANR	B	0.06%
NATL	C	0.06%
FRME	A	0.06%
BYD	A	0.06%
OFG	C	0.06%
TDS	B	0.06%
SHO	B	0.06%
STRA	C	0.06%
SXI	B	0.06%
TOWN	B	0.06%
EVTC	B	0.06%
ZD	B	0.06%
ZG	B	0.06%
BLKB	C	0.06%
AIR	C	0.06%
KSS	F	0.06%
CRI	F	0.06%
MHO	D	0.06%
MIR	C	0.06%
PSMT	D	0.06%
AZTA	D	0.06%
VRNT	D	0.05%
CABO	C	0.05%
UPBD	B	0.05%
HLIO	B	0.05%
HE	F	0.05%
LTC	A	0.05%
NBHC	B	0.05%
AMN	F	0.05%
ANDE	D	0.05%
SUPN	B	0.05%
STEP	B	0.05%
PPC	B	0.05%
CHCO	B	0.05%
DDS	C	0.05%
NHC	B	0.05%
SCL	C	0.05%
FCF	B	0.05%
NPAB	F	0.05%
WSBC	B	0.05%
UAA	B	0.05%
SHOO	D	0.05%
NWBI	B	0.05%
GEO	B	0.05%
DRH	B	0.05%
MLKN	D	0.05%
LEG	F	0.05%
LGND	B	0.05%
TRMK	B	0.05%
LRN	B	0.05%
PZZA	D	0.05%
TTMI	A	0.05%
GOLF	B	0.05%
FTRE	D	0.05%
EPC	F	0.05%
LZB	C	0.05%
KAR	A	0.05%
B	B	0.05%
CAKE	B	0.05%
IMVT	D	0.05%
ROIC	A	0.05%
PBI	B	0.04%
AIV	D	0.04%
AAT	C	0.04%
PMT	F	0.04%
WOR	D	0.04%
PDM	C	0.04%
WABC	B	0.04%
JELD	F	0.04%
ARI	D	0.04%
BKD	F	0.04%
OXM	D	0.04%
NNI	C	0.04%
UNIT	B	0.04%
NX	C	0.04%
VC	D	0.04%
LADR	B	0.04%
VCTR	B	0.04%
WWW	B	0.04%
CXW	B	0.04%
BKE	A	0.04%
COLM	B	0.04%
VSAT	F	0.04%
CSGS	B	0.04%
WT	B	0.04%
DNOW	B	0.04%
DAN	F	0.04%
RRR	F	0.04%
REVG	B	0.04%
SBH	C	0.04%
ALEX	B	0.04%
VRE	C	0.04%
BLMN	F	0.04%
CAR	C	0.04%
VRTS	B	0.04%
HELE	C	0.04%
NGVT	B	0.04%
CODI	B	0.04%
HOPE	B	0.04%
ESRT	D	0.04%
LCII	D	0.04%
HTH	B	0.04%
NTCT	B	0.04%
GBX	A	0.04%
HEES	B	0.04%
JBGS	F	0.04%
KN	B	0.04%
BHE	B	0.04%
STBA	C	0.04%
CNK	A	0.04%
DYN	D	0.04%
GEF	A	0.04%
APOG	B	0.04%
GO	D	0.04%
ELME	D	0.04%
GTY	B	0.04%
NWN	B	0.04%
USM	B	0.03%
SMR	B	0.03%
CMTG	D	0.03%
JACK	D	0.03%
BDN	D	0.03%
BV	B	0.03%
LGF.A	C	0.03%
DNUT	D	0.03%
MMI	B	0.03%
ODP	F	0.03%
UNFI	B	0.03%
JBLU	D	0.03%
CWEN	D	0.03%
TRS	B	0.03%
MD	B	0.03%
CBRL	D	0.03%
THR	D	0.03%
FA	D	0.03%
ATSG	A	0.03%
RWT	D	0.03%
INVA	B	0.03%
VSTO	A	0.03%
LEVI	F	0.03%
MRC	B	0.03%
HTLF	B	0.03%
SCSC	B	0.03%
CARS	B	0.03%
SNDR	A	0.03%
UA	B	0.03%
ECPG	B	0.03%
FBRT	C	0.03%
CSR	C	0.03%
ETWO	D	0.03%
AVNS	D	0.03%
WMK	B	0.03%
KFRC	C	0.03%
ACT	D	0.03%
KWR	C	0.03%
SCS	C	0.03%
XRX	F	0.03%
BHLB	B	0.03%
AMRX	B	0.03%
GIII	C	0.03%
MYGN	F	0.03%
NAVI	C	0.03%
MSGE	F	0.03%
IART	C	0.03%
LC	A	0.03%
TILE	B	0.02%
HTLD	C	0.02%
ATUS	C	0.02%
MXL	C	0.02%
CAL	D	0.02%
FOR	F	0.02%
GES	F	0.02%
BMBL	C	0.02%
BASE	C	0.02%
SCHL	D	0.02%
CMPR	D	0.02%
HY	F	0.02%
KELYA	F	0.02%
CFFN	B	0.02%
PCRX	D	0.02%
SWI	B	0.02%
TMP	B	0.02%
BGS	F	0.02%
MATW	C	0.02%
HPP	F	0.02%
UHAL	C	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
ECVT	C	0.02%
AMWD	B	0.02%
KREF	D	0.02%
ASTE	B	0.02%
BRSP	B	0.02%
PRLB	B	0.02%
XHR	B	0.02%
SVC	F	0.02%
MODG	F	0.02%
SEB	F	0.02%
SAH	B	0.02%
HAIN	F	0.02%
WNC	C	0.02%
EMBC	B	0.02%
HCSG	B	0.02%
MNRO	B	0.02%
PRAA	C	0.02%
BRKL	A	0.02%
EYE	D	0.02%
DLX	B	0.02%
RBRK	B	0.02%
NUS	D	0.01%
LDI	C	0.01%
BRCC	F	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DJT	D	0.01%
DIN	C	0.01%
OLPX	F	0.01%
VREX	C	0.01%
TGI	B	0.01%
ALX	D	0.01%
TRTX	C	0.01%
SWBI	C	0.01%
SRCL	B	0.01%
ZIP	C	0.01%
CNDT	B	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
EGBN	B	0.01%
RUSHB	B	0.01%
WRLD	C	0.01%
HTZ	D	0.01%
INN	D	0.01%
VMEO	B	0.01%
BJRI	B	0.01%
RMR	F	0.01%
GRC	B	0.01%
PTVE	D	0.01%
NVRI	F	0.01%
FWRD	D	0.01%
NABL	F	0.01%
USNA	C	0.01%
SSTK	D	0.01%
CLBK	B	0.01%
CCO	C	0.01%
ARRY	D	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CWH	C	0.01%
BFS	B	0.01%
DAWN	B	0.01%
PWSC	C	0.0%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
TASK	C	0.0%
LESL	D	0.0%
GEF	A	0.0%

VBR Underweight 232 Positions Relative to AVIE

Symbol	Grade	Weight
BRK.A	C	-6.57%
XOM	B	-5.3%
LLY	D	-4.51%
UNH	B	-4.06%
PG	D	-3.65%
CVX	B	-2.72%
KO	F	-2.49%
ABBV	D	-2.48%
PEP	F	-2.47%
PM	C	-1.87%
JNJ	F	-1.51%
COP	C	-1.48%
PGR	B	-1.47%
AMGN	F	-1.43%
MRK	F	-1.29%
VRTX	B	-1.15%
ELV	F	-1.13%
GILD	B	-1.09%
CL	F	-1.08%
CB	D	-0.99%
MCK	B	-0.97%
EOG	B	-0.92%
FCX	F	-0.91%
KMB	F	-0.89%
MPC	D	-0.79%
PFE	F	-0.76%
BMY	B	-0.75%
REGN	F	-0.74%
NUE	C	-0.72%
AFL	C	-0.72%
TRV	B	-0.71%
AIG	C	-0.71%
WMB	A	-0.71%
PSX	D	-0.71%
BKR	B	-0.67%
CTVA	C	-0.65%
SLB	D	-0.65%
COR	A	-0.65%
NEM	F	-0.63%
LNG	B	-0.6%
VLO	D	-0.58%
HIG	C	-0.58%
ACGL	D	-0.58%
CAH	B	-0.57%
ZTS	F	-0.56%
OKE	A	-0.56%
DOW	F	-0.56%
TRGP	A	-0.55%
HUM	F	-0.54%
HES	C	-0.54%
FANG	D	-0.53%
ADM	F	-0.51%
CNC	F	-0.51%
ALL	A	-0.51%
MET	C	-0.5%
KMI	A	-0.48%
LYB	F	-0.48%
CLX	B	-0.47%
PRU	B	-0.47%
OXY	F	-0.46%
WY	F	-0.43%
CHD	B	-0.39%
DVN	F	-0.39%
STZ	D	-0.38%
CF	B	-0.38%
MOH	F	-0.37%
HAL	D	-0.36%
FTI	B	-0.36%
TPL	A	-0.35%
EQT	A	-0.34%
ALNY	D	-0.34%
MNST	B	-0.32%
KDP	D	-0.31%
CINF	A	-0.3%
CTRA	C	-0.3%
MO	A	-0.29%
MKL	A	-0.28%
MRO	B	-0.28%
BIIB	F	-0.27%
WRB	B	-0.25%
PFG	C	-0.22%
CRS	B	-0.22%
EG	D	-0.22%
L	B	-0.21%
RGLD	C	-0.21%
MRNA	F	-0.19%
EXEL	B	-0.18%
NTRA	B	-0.18%
ATI	D	-0.18%
NBIX	C	-0.17%
SRPT	F	-0.17%
FNF	C	-0.17%
KNSL	C	-0.17%
INCY	B	-0.16%
WFRD	D	-0.15%
CHX	D	-0.15%
NOV	D	-0.14%
EXAS	F	-0.14%
PCVX	D	-0.14%
RVMD	B	-0.14%
VTRS	B	-0.13%
HALO	B	-0.13%
ERIE	F	-0.13%
BMRN	F	-0.13%
HQY	A	-0.12%
DAR	B	-0.12%
CTLT	C	-0.12%
COKE	D	-0.11%
WHD	B	-0.11%
MTDR	C	-0.1%
INSM	D	-0.1%
ITCI	B	-0.09%
IONS	F	-0.09%
TDW	F	-0.09%
CELH	F	-0.08%
LBRT	D	-0.08%
CYTK	C	-0.08%
RIG	D	-0.08%
WDFC	A	-0.08%
OII	B	-0.07%
AMR	C	-0.07%
GLNG	C	-0.07%
CEIX	B	-0.07%
CRSP	C	-0.07%
PAGP	D	-0.07%
RPRX	F	-0.07%
CIVI	F	-0.07%
VAL	F	-0.07%
MGY	B	-0.07%
HWKN	C	-0.06%
ALKS	B	-0.06%
STNG	F	-0.06%
ENLC	B	-0.06%
NOG	B	-0.06%
HLX	D	-0.05%
CLOV	C	-0.05%
VKTX	D	-0.05%
BBIO	F	-0.05%
SAM	B	-0.05%
PCT	C	-0.05%
ROIV	D	-0.05%
UEC	B	-0.05%
GPOR	B	-0.04%
KOS	F	-0.04%
BPMC	B	-0.04%
PLMR	C	-0.04%
WTTR	B	-0.03%
FIZZ	B	-0.03%
SFL	F	-0.03%
LEU	C	-0.03%
MP	B	-0.03%
KNTK	B	-0.03%
DHT	F	-0.03%
ADMA	B	-0.03%
CENX	B	-0.03%
OSCR	F	-0.03%
OEC	D	-0.03%
XPRO	F	-0.03%
SXC	B	-0.03%
AESI	C	-0.03%
NEXT	B	-0.02%
CNA	D	-0.02%
TALO	B	-0.02%
MGPI	F	-0.02%
RDUS	C	-0.02%
UVE	B	-0.02%
TIPT	B	-0.02%
NR	C	-0.02%
PARR	F	-0.02%
MTUS	C	-0.02%
AMSF	A	-0.02%
NBR	C	-0.02%
TRUP	B	-0.02%
RYI	C	-0.02%
TPB	A	-0.02%
STC	C	-0.02%
CRK	B	-0.02%
KRP	B	-0.02%
IE	C	-0.02%
ACAD	C	-0.02%
LPG	F	-0.02%
VTOL	B	-0.02%
PGNY	F	-0.02%
GATO	C	-0.02%
HAYN	A	-0.02%
HESM	D	-0.02%
HPK	D	-0.01%
USAP	B	-0.01%
BOOM	F	-0.01%
BRY	F	-0.01%
REPX	B	-0.01%
NFE	F	-0.01%
CMT	D	-0.01%
IPI	B	-0.01%
TG	C	-0.01%
CLNE	C	-0.01%
ALCO	D	-0.01%
SD	D	-0.01%
GRNT	B	-0.01%
LXU	B	-0.01%
DGICA	A	-0.01%
UFCS	A	-0.01%
METC	C	-0.01%
TTI	C	-0.01%
LMNR	B	-0.01%
ODC	D	-0.01%
EGY	F	-0.01%
LMND	B	-0.01%
NTLA	F	-0.01%
ASC	F	-0.01%
GPRE	F	-0.01%
NAT	F	-0.01%
ZEUS	C	-0.01%
ASIX	B	-0.01%
GLRE	B	-0.01%
VTLE	C	-0.01%
RES	D	-0.01%
KRYS	B	-0.01%
REX	C	-0.01%
AHCO	C	-0.01%
KLXE	D	-0.0%
METCB	C	-0.0%
EU	F	-0.0%
TSE	F	-0.0%
EPM	B	-0.0%
WTI	D	-0.0%
MBI	C	-0.0%
OIS	C	-0.0%
PLL	C	-0.0%
DNLI	B	-0.0%
JRVR	F	-0.0%
AVD	D	-0.0%