VBR vs. AVLV ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Avantis U.S. Large Cap Value ETF (AVLV)

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

$214.02

Average Daily Volume

435,439

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

AVLV

Avantis U.S. Large Cap Value ETF

AVLV Description

American Century ETF Trust - Avantis U.S. Large Cap Value ETF is an exchange traded fund launched and managed by American Century Investment Management Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of large cap companies, within the market capitalization range of the Russell 1000 Value Index. It benchmarks the performance of its portfolio against the Russell 1000 Value Index. American Century ETF Trust - Avantis U.S. Large Cap Value ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$70.41

Average Daily Volume

260,034

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	VBR	AVLV
30 Days	7.07%	6.17%
60 Days	7.22%	7.50%
90 Days	8.68%	9.21%
12 Months	33.95%	32.44%

122 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in AVLV	Overlap
ACT	D	0.03%	0.01%	0.01%
AES	F	0.34%	0.21%	0.21%
AFG	A	0.28%	0.18%	0.18%
AGCO	D	0.19%	0.13%	0.13%
AIZ	A	0.29%	0.08%	0.08%
AL	B	0.13%	0.09%	0.09%
ALK	C	0.18%	0.11%	0.11%
ALLY	C	0.28%	0.19%	0.19%
AM	A	0.14%	0.08%	0.08%
AMKR	D	0.08%	0.07%	0.07%
ANF	C	0.2%	0.18%	0.18%
APA	D	0.26%	0.13%	0.13%
ARW	D	0.18%	0.11%	0.11%
ASO	F	0.11%	0.03%	0.03%
ATKR	C	0.09%	0.06%	0.06%
AXS	A	0.17%	0.16%	0.16%
AYI	B	0.27%	0.03%	0.03%
BC	C	0.15%	0.08%	0.08%
BCC	B	0.15%	0.1%	0.1%
BG	F	0.35%	0.25%	0.25%
BJ	A	0.33%	0.23%	0.23%
BLDR	D	0.58%	0.01%	0.01%
BWA	D	0.22%	0.16%	0.16%
BYD	C	0.07%	0.1%	0.07%
CBSH	A	0.21%	0.09%	0.09%
CBT	C	0.17%	0.11%	0.11%
CFR	B	0.21%	0.1%	0.1%
CHRD	D	0.23%	0.14%	0.14%
CLF	F	0.18%	0.13%	0.13%
CMA	A	0.25%	0.17%	0.17%
CMC	B	0.18%	0.14%	0.14%
COLM	B	0.04%	0.01%	0.01%
CPRI	F	0.06%	0.0%	0.0%
CSL	C	0.57%	0.4%	0.4%
DCI	B	0.26%	0.19%	0.19%
DDS	B	0.05%	0.03%	0.03%
DINO	D	0.18%	0.0%	0.0%
DKS	C	0.23%	0.23%	0.23%
DXC	B	0.1%	0.0%	0.0%
EME	C	0.61%	0.46%	0.46%
ESNT	D	0.18%	0.04%	0.04%
EWBC	A	0.39%	0.29%	0.29%
FCNCA	A	0.61%	0.26%	0.26%
FG	B	0.02%	0.0%	0.0%
FLO	D	0.12%	0.02%	0.02%
FMC	D	0.24%	0.01%	0.01%
FYBR	D	0.26%	0.16%	0.16%
GAP	C	0.15%	0.13%	0.13%
GL	B	0.28%	0.15%	0.15%
GPK	C	0.25%	0.19%	0.19%
HII	D	0.21%	0.12%	0.12%
HOG	D	0.11%	0.05%	0.05%
INGR	B	0.25%	0.21%	0.21%
JAZZ	B	0.19%	0.13%	0.13%
JBL	B	0.39%	0.31%	0.31%
JEF	A	0.27%	0.01%	0.01%
JXN	C	0.22%	0.21%	0.21%
KBH	D	0.15%	0.11%	0.11%
KD	B	0.15%	0.1%	0.1%
KMX	B	0.33%	0.03%	0.03%
LEA	D	0.16%	0.09%	0.09%
LEVI	F	0.02%	0.03%	0.02%
LPX	B	0.18%	0.16%	0.16%
LYFT	C	0.13%	0.0%	0.0%
M	D	0.12%	0.08%	0.08%
MAT	D	0.2%	0.12%	0.12%
MDU	D	0.16%	0.01%	0.01%
MHK	D	0.21%	0.12%	0.12%
MLI	C	0.27%	0.23%	0.23%
MOS	F	0.25%	0.16%	0.16%
MSM	C	0.1%	0.05%	0.05%
MTG	C	0.19%	0.13%	0.13%
MUR	D	0.13%	0.08%	0.08%
MUSA	A	0.26%	0.22%	0.22%
NCLH	B	0.16%	0.25%	0.16%
NSIT	F	0.17%	0.11%	0.11%
OC	A	0.45%	0.35%	0.35%
OLN	D	0.14%	0.1%	0.1%
OMF	A	0.17%	0.14%	0.14%
OVV	B	0.3%	0.23%	0.23%
OZK	B	0.14%	0.07%	0.07%
PBF	D	0.08%	0.05%	0.05%
PII	D	0.11%	0.04%	0.04%
PPC	C	0.05%	0.04%	0.04%
PR	B	0.13%	0.16%	0.13%
PRI	A	0.27%	0.24%	0.24%
PTEN	C	0.09%	0.0%	0.0%
PVH	C	0.16%	0.07%	0.07%
R	B	0.18%	0.16%	0.16%
RDN	C	0.15%	0.0%	0.0%
RGA	A	0.41%	0.24%	0.24%
RHI	B	0.2%	0.15%	0.15%
RL	B	0.22%	0.16%	0.16%
RNR	C	0.4%	0.23%	0.23%
RPM	A	0.48%	0.32%	0.32%
RRC	B	0.2%	0.1%	0.1%
RS	B	0.46%	0.01%	0.01%
SATS	D	0.09%	0.04%	0.04%
SFM	A	0.38%	0.37%	0.37%
SM	B	0.07%	0.09%	0.07%
SNDR	B	0.03%	0.0%	0.0%
SON	D	0.15%	0.06%	0.06%
STLD	B	0.28%	0.39%	0.28%
TAP	C	0.28%	0.02%	0.02%
THO	B	0.15%	0.01%	0.01%
TKR	D	0.15%	0.07%	0.07%
TPR	B	0.32%	0.29%	0.29%
UFPI	B	0.21%	0.16%	0.16%
UHAL	D	0.19%	0.01%	0.01%
UHAL	D	0.02%	0.01%	0.01%
UHAL	D	0.19%	0.07%	0.07%
UHAL	D	0.02%	0.07%	0.02%
UNM	A	0.28%	0.16%	0.16%
VFC	C	0.24%	0.03%	0.03%
VMI	B	0.18%	0.12%	0.12%
WAL	B	0.25%	0.15%	0.15%
WBS	A	0.26%	0.0%	0.0%
WCC	B	0.28%	0.19%	0.19%
WLK	D	0.07%	0.08%	0.07%
WSM	B	0.39%	0.34%	0.34%
WTFC	A	0.23%	0.14%	0.14%
ZION	B	0.22%	0.16%	0.16%

VBR Overweight 674 Positions Relative to AVLV

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
ATO	A	0.58%
NRG	B	0.55%
UTHR	C	0.49%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
TOL	B	0.44%
USFD	A	0.44%
THC	D	0.43%
ACM	A	0.42%
EQH	B	0.42%
FFIV	B	0.4%
JLL	D	0.38%
REG	B	0.38%
GLPI	C	0.38%
TTEK	F	0.38%
PFGC	B	0.37%
JNPR	F	0.37%
ALLE	D	0.36%
EMN	D	0.36%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
SJM	D	0.34%
CHRW	C	0.34%
UHS	D	0.34%
CG	A	0.34%
ATR	B	0.33%
SCI	B	0.33%
CCK	C	0.33%
ITT	A	0.33%
BXP	D	0.33%
HUBB	B	0.33%
OHI	C	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	C	0.3%
FBIN	D	0.3%
AA	B	0.3%
ARMK	B	0.29%
PNW	B	0.29%
EHC	B	0.29%
SOLV	C	0.29%
SF	B	0.29%
TFX	F	0.28%
WTRG	B	0.28%
EVR	B	0.28%
LKQ	D	0.28%
Z	A	0.27%
FRT	B	0.27%
FHN	A	0.27%
ALSN	B	0.27%
SEIC	B	0.26%
DTM	B	0.26%
AAL	B	0.26%
AIT	A	0.26%
LAD	A	0.26%
HSIC	B	0.26%
KBR	F	0.26%
FLR	B	0.26%
APG	B	0.25%
GME	C	0.25%
NYT	C	0.25%
HAS	D	0.25%
BRX	A	0.24%
ORI	A	0.24%
AXTA	A	0.24%
HRB	D	0.24%
EGP	F	0.24%
DOC	D	0.23%
X	C	0.23%
NI	A	0.23%
VOYA	B	0.23%
NNN	D	0.23%
KNX	B	0.23%
OGE	B	0.23%
SAIC	F	0.22%
SNX	C	0.22%
IVZ	B	0.22%
SSB	B	0.22%
ADC	B	0.22%
VNO	B	0.22%
CR	A	0.22%
BERY	B	0.22%
ESAB	B	0.21%
COHR	B	0.21%
XPO	B	0.21%
AGNC	D	0.21%
MKSI	C	0.2%
QRVO	F	0.2%
RLI	B	0.2%
TMHC	B	0.2%
STAG	F	0.2%
G	B	0.2%
SNV	B	0.2%
FLS	B	0.2%
BIO	D	0.2%
FR	C	0.2%
MIDD	C	0.2%
FCN	D	0.2%
BPOP	B	0.19%
LUMN	C	0.19%
MTH	D	0.19%
EVRG	A	0.19%
PB	A	0.19%
KEX	C	0.19%
OSK	B	0.19%
CADE	B	0.18%
ONB	B	0.18%
MSA	D	0.18%
BBWI	D	0.18%
ELAN	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	B	0.17%
SRCL	C	0.17%
ACI	C	0.17%
LAMR	D	0.17%
PARA	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	B	0.17%
CRUS	D	0.17%
ESI	A	0.17%
GBCI	B	0.17%
LNC	B	0.17%
COLB	A	0.17%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
KNF	A	0.16%
IDA	A	0.16%
SIGI	C	0.16%
NFG	A	0.16%
TPG	A	0.16%
ALB	C	0.16%
UBSI	B	0.15%
UGI	A	0.15%
PSN	D	0.15%
ST	F	0.15%
VVV	F	0.15%
MATX	C	0.15%
FNB	A	0.15%
WTS	B	0.15%
AN	C	0.15%
JHG	A	0.15%
GPI	A	0.14%
BDC	B	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
KRC	C	0.14%
KTB	B	0.14%
PIPR	B	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OGN	D	0.14%
AUR	C	0.14%
POR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
HOMB	A	0.14%
GATX	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
BCO	D	0.13%
WTM	A	0.13%
EAT	A	0.13%
FFIN	B	0.13%
SWX	B	0.13%
HWC	B	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
ABG	B	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
ICUI	D	0.12%
FUL	F	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	0.12%
EDR	A	0.12%
HASI	D	0.12%
VLY	B	0.12%
BKH	A	0.12%
SLGN	A	0.12%
ITGR	B	0.12%
AGO	B	0.12%
CRC	B	0.12%
MGM	D	0.12%
SEE	C	0.12%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	0.11%
HUN	F	0.11%
SKYW	B	0.11%
CDP	C	0.11%
SKT	B	0.11%
WU	D	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	A	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
SMG	D	0.11%
ACHC	F	0.11%
NUVL	D	0.11%
KMPR	B	0.11%
AR	B	0.11%
PNFP	B	0.11%
HL	D	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ENS	D	0.11%
ASGN	F	0.11%
ASH	D	0.11%
PLXS	B	0.11%
PNM	F	0.11%
BEN	C	0.1%
WBA	F	0.1%
MGEE	C	0.1%
NWE	B	0.1%
PCH	D	0.1%
OTTR	C	0.1%
TEX	D	0.1%
FULT	A	0.1%
WEN	D	0.1%
HCC	B	0.1%
BNL	D	0.1%
ABM	B	0.1%
SEM	B	0.1%
BGC	C	0.1%
NHI	D	0.1%
UCB	A	0.1%
AUB	B	0.1%
ASB	B	0.1%
IBOC	A	0.1%
EPR	D	0.1%
CNO	A	0.1%
AEO	F	0.1%
IAC	D	0.1%
NWL	B	0.1%
PRGO	B	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
RUSHA	C	0.1%
HIW	D	0.1%
TCBI	B	0.1%
GNW	A	0.09%
WSFS	A	0.09%
AVA	A	0.09%
JWN	C	0.09%
BRC	D	0.09%
DEI	B	0.09%
MAN	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PAG	B	0.09%
NPO	A	0.09%
ADTN	A	0.09%
APAM	B	0.09%
AWR	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	B	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	B	0.09%
FHB	A	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	B	0.09%
APLE	B	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	B	0.09%
FHI	A	0.09%
ESE	B	0.09%
FIBK	A	0.08%
AKR	B	0.08%
CVBF	A	0.08%
COTY	F	0.08%
CXT	B	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
NSP	D	0.08%
TDS	B	0.08%
IOSP	B	0.08%
UE	C	0.08%
UNF	B	0.08%
CC	C	0.08%
TGNA	B	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	C	0.08%
PK	B	0.08%
WAFD	B	0.08%
SFNC	B	0.08%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	B	0.08%
TRN	C	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	B	0.08%
ATGE	B	0.08%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	D	0.07%
PFS	B	0.07%
PECO	A	0.07%
FFBC	A	0.07%
HBI	B	0.07%
CWEN	C	0.07%
RNA	D	0.07%
CNXC	F	0.07%
VSCO	B	0.07%
BOKF	B	0.07%
SPB	C	0.07%
DY	D	0.07%
MTX	B	0.07%
VAC	B	0.07%
HAYW	B	0.07%
PPBI	B	0.07%
ARCB	C	0.07%
BFH	B	0.07%
BXMT	C	0.07%
OUT	A	0.07%
PRK	B	0.07%
URBN	C	0.07%
ARCH	B	0.07%
INDB	B	0.07%
HUBG	A	0.07%
PFSI	D	0.07%
POST	C	0.07%
VIRT	B	0.07%
NMRK	B	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	B	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	C	0.06%
PHIN	A	0.06%
HI	C	0.06%
BLKB	B	0.06%
KSS	F	0.06%
KMT	B	0.06%
BANF	B	0.06%
MHO	D	0.06%
NBTB	B	0.06%
AIR	B	0.06%
WLY	B	0.06%
GEO	B	0.06%
EQC	B	0.06%
PINC	B	0.06%
SMMT	D	0.06%
STRA	C	0.06%
PSMT	C	0.06%
SFBS	B	0.06%
ZG	A	0.06%
VIAV	B	0.06%
SHO	C	0.06%
IBTX	B	0.06%
HURN	B	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	C	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	D	0.06%
CAKE	C	0.06%
AIN	C	0.06%
INFA	D	0.06%
IVT	B	0.06%
AAP	C	0.06%
TOWN	B	0.06%
B	B	0.06%
OSIS	B	0.06%
IPGP	D	0.06%
AZZ	B	0.06%
WERN	C	0.06%
TTMI	B	0.06%
JOBY	B	0.06%
SXI	B	0.06%
FL	F	0.06%
BANR	B	0.06%
HNI	B	0.06%
SCL	C	0.05%
SHOO	D	0.05%
MLKN	D	0.05%
LZB	B	0.05%
FCF	A	0.05%
UAA	C	0.05%
HEES	B	0.05%
CHCO	B	0.05%
CNK	B	0.05%
APOG	B	0.05%
LTC	B	0.05%
PDCO	D	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
THS	D	0.05%
NBHC	B	0.05%
GOLF	B	0.05%
PZZA	D	0.05%
KAR	B	0.05%
EPC	D	0.05%
OI	C	0.05%
STEP	B	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	A	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	B	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
CRI	D	0.05%
EIG	B	0.04%
PBI	B	0.04%
ARI	C	0.04%
AAT	B	0.04%
FDP	B	0.04%
DYN	F	0.04%
PDM	D	0.04%
SPNT	A	0.04%
IART	C	0.04%
VC	D	0.04%
WS	B	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	D	0.04%
WABC	B	0.04%
CSGS	B	0.04%
REVG	B	0.04%
VRNT	C	0.04%
CAR	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
ALEX	C	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	B	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	B	0.04%
REYN	D	0.04%
HOPE	B	0.04%
NTCT	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
AMN	F	0.04%
CXW	B	0.04%
SMR	B	0.04%
HELE	C	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	D	0.04%
ANDE	D	0.04%
JBGS	D	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	B	0.04%
HP	B	0.04%
CENTA	C	0.04%
LC	A	0.04%
FTRE	D	0.04%
HMN	B	0.04%
NGVT	B	0.04%
NHC	C	0.04%
GEF	A	0.04%
LEG	F	0.04%
GTY	B	0.04%
HLIO	B	0.04%
NPAB	B	0.04%
CABO	C	0.04%
AVNS	F	0.03%
MMI	B	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
SCSC	B	0.03%
CWEN	C	0.03%
BV	B	0.03%
OMI	F	0.03%
JACK	D	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	D	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
CARS	B	0.03%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	B	0.03%
TRS	B	0.03%
INVA	D	0.03%
CBRL	C	0.03%
MD	B	0.03%
KFRC	D	0.03%
FBRT	C	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	D	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	C	0.03%
SAFT	C	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
MSGE	F	0.03%
KALU	C	0.03%
AIV	C	0.03%
JELD	F	0.03%
UNFI	A	0.03%
WOR	F	0.03%
VSTO	A	0.03%
GIII	D	0.03%
WWW	B	0.03%
BHLB	B	0.03%
PMT	D	0.03%
BKD	D	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	C	0.02%
DAWN	F	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	B	0.02%
CWH	B	0.02%
BASE	C	0.02%
HPP	F	0.02%
PUMP	B	0.02%
KELYA	F	0.02%
HY	D	0.02%
AXL	C	0.02%
BGS	F	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	B	0.02%
MODG	F	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	D	0.02%
PRLB	A	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	B	0.02%
CFFN	B	0.02%
PCRX	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	A	0.02%
PRAA	C	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	C	0.02%
BRSP	B	0.02%
MATV	D	0.02%
HCSG	C	0.02%
EMBC	C	0.02%
EYE	C	0.02%
DLX	B	0.02%
BDN	C	0.02%
JBLU	F	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	D	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
KRO	D	0.01%
TGI	B	0.01%
VREX	C	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	F	0.01%
TRTX	B	0.01%
SRCL	C	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	F	0.01%
INN	D	0.01%
RUSHB	B	0.01%
WRLD	C	0.01%
VMEO	B	0.01%
RMR	F	0.01%
EGBN	B	0.01%
GRC	A	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	0.01%
PTVE	B	0.01%
BJRI	B	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	B	0.01%
HTLD	B	0.01%
ARRY	C	0.01%
BFS	C	0.01%
SCHL	D	0.01%
DJT	C	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
CAL	D	0.01%
GES	F	0.01%
SCWX	B	0.0%
AC	C	0.0%
AMCX	C	0.0%
ACDC	C	0.0%
TASK	C	0.0%
LESL	C	0.0%
LDI	C	0.0%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 185 Positions Relative to AVLV

Symbol	Grade	Weight
AAPL	C	-3.45%
META	D	-3.18%
JPM	A	-3.03%
COST	B	-2.46%
XOM	B	-2.44%
AMZN	C	-2.34%
CVX	A	-1.6%
CAT	B	-1.56%
WFC	A	-1.46%
VZ	C	-1.37%
CMCSA	B	-1.31%
UNP	C	-1.23%
GOOGL	C	-1.22%
QCOM	F	-1.18%
T	A	-1.14%
TJX	A	-1.13%
GILD	C	-1.11%
PGR	A	-1.07%
DE	A	-1.06%
GOOG	C	-1.02%
COP	C	-1.0%
UPS	C	-0.89%
TMUS	B	-0.89%
LRCX	F	-0.88%
TGT	F	-0.88%
TRV	B	-0.85%
PYPL	B	-0.85%
AMP	A	-0.84%
GM	B	-0.84%
CSX	B	-0.84%
FDX	B	-0.8%
WMB	A	-0.8%
EOG	A	-0.79%
MELI	D	-0.79%
RCL	A	-0.78%
PCAR	B	-0.76%
TRGP	B	-0.74%
GWW	B	-0.72%
FAST	B	-0.67%
AIG	B	-0.65%
CMI	A	-0.65%
LNG	B	-0.64%
KR	B	-0.63%
NSC	B	-0.62%
DAL	C	-0.61%
HIG	B	-0.61%
UAL	A	-0.61%
MPC	D	-0.57%
MET	A	-0.56%
ROST	C	-0.55%
PRU	A	-0.55%
WMT	A	-0.54%
AXP	A	-0.52%
HES	B	-0.52%
F	C	-0.52%
LEN	D	-0.51%
NUE	C	-0.51%
CMG	B	-0.5%
BKR	B	-0.49%
SYF	B	-0.48%
TSCO	D	-0.46%
DECK	A	-0.46%
ADP	B	-0.45%
FANG	D	-0.45%
ODFL	B	-0.43%
ALL	A	-0.42%
NVR	D	-0.4%
DOW	F	-0.4%
OXY	D	-0.39%
DVN	F	-0.38%
PSX	C	-0.38%
PKG	A	-0.38%
LULU	C	-0.38%
URI	B	-0.37%
CCL	B	-0.37%
BURL	A	-0.37%
PHM	D	-0.36%
NKE	D	-0.35%
IP	B	-0.35%
ACGL	D	-0.35%
LYB	F	-0.34%
MRK	F	-0.34%
MS	A	-0.33%
BBY	D	-0.32%
CF	B	-0.32%
FITB	A	-0.32%
MRO	B	-0.31%
MKL	A	-0.3%
EXPD	D	-0.3%
CTRA	B	-0.3%
JBHT	C	-0.28%
TPL	A	-0.28%
EBAY	D	-0.28%
CASY	A	-0.27%
VTRS	A	-0.27%
ULTA	F	-0.27%
DRI	B	-0.27%
HAL	C	-0.26%
FIX	A	-0.26%
TXRH	C	-0.26%
CPNG	D	-0.25%
EG	C	-0.25%
NTRS	A	-0.25%
EXP	A	-0.24%
GS	A	-0.24%
USB	A	-0.24%
FTI	A	-0.24%
V	A	-0.23%
FLEX	A	-0.23%
FNF	B	-0.22%
DLTR	F	-0.22%
EQT	B	-0.22%
ADM	D	-0.22%
PFG	D	-0.21%
SAIA	B	-0.21%
WMS	D	-0.2%
NFLX	A	-0.2%
POOL	C	-0.19%
AFL	B	-0.19%
FSLR	F	-0.18%
LVS	C	-0.18%
JNJ	D	-0.18%
BWXT	B	-0.17%
SWKS	F	-0.17%
LECO	B	-0.17%
COKE	C	-0.16%
ATI	D	-0.16%
LSTR	D	-0.15%
RJF	A	-0.15%
FND	C	-0.15%
TREX	C	-0.14%
MTDR	B	-0.14%
AWI	A	-0.14%
ALV	C	-0.14%
SKX	D	-0.13%
WFRD	D	-0.13%
CROX	D	-0.13%
CHX	C	-0.12%
FOXA	B	-0.12%
CRBG	B	-0.11%
CIVI	D	-0.1%
LNTH	D	-0.1%
ENLC	A	-0.09%
CNC	D	-0.09%
SNA	A	-0.08%
IBP	D	-0.08%
QLYS	C	-0.08%
AAON	B	-0.08%
NEU	C	-0.07%
FOX	A	-0.06%
FCX	D	-0.06%
HESM	B	-0.06%
PAYC	B	-0.06%
MGY	A	-0.06%
GMED	A	-0.05%
LII	A	-0.04%
PEGA	A	-0.04%
ON	D	-0.04%
HBAN	A	-0.03%
MOH	F	-0.03%
KNSL	B	-0.03%
CNA	B	-0.02%
AMR	C	-0.02%
WRB	A	-0.02%
OKE	A	-0.02%
LEN	D	-0.02%
LPLA	A	-0.02%
HRI	B	-0.02%
LW	C	-0.01%
FIZZ	C	-0.01%
UI	A	-0.01%
SSD	D	-0.01%
DG	F	-0.01%
HSY	F	-0.01%
AOS	F	-0.01%
EL	F	-0.0%
NFE	D	-0.0%
GGG	B	-0.0%
AMAT	F	-0.0%
DAR	C	-0.0%
LUV	C	-0.0%
APTV	D	-0.0%
IRDM	D	-0.0%
OSCR	D	-0.0%
PAYX	C	-0.0%