VBR vs. BBMC ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC)

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

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the MorningstarÂ® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$100.10

Average Daily Volume

37,113

Number of Holdings ^*

572

* may have additional holdings in another (foreign) market

Performance

Period	VBR	BBMC
30 Days	0.99%	3.22%
60 Days	4.06%	6.60%
90 Days	7.32%	9.47%
12 Months	29.33%	29.96%

336 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in BBMC	Overlap
AA	A	0.29%	0.25%	0.25%
AAL	B	0.21%	0.21%	0.21%
AAP	D	0.07%	0.06%	0.06%
ABG	B	0.14%	0.13%	0.13%
ACA	A	0.13%	0.12%	0.12%
ACHC	F	0.16%	0.09%	0.09%
ACM	B	0.4%	0.37%	0.37%
ACT	D	0.03%	0.02%	0.02%
ADC	A	0.22%	0.18%	0.18%
ADTN	A	0.08%	0.06%	0.06%
AGCO	F	0.18%	0.14%	0.14%
AGNC	C	0.24%	0.18%	0.18%
AGO	A	0.11%	0.12%	0.11%
AIT	B	0.25%	0.26%	0.25%
AIZ	A	0.3%	0.27%	0.27%
AL	B	0.13%	0.12%	0.12%
ALE	A	0.11%	0.09%	0.09%
ALIT	C	0.09%	0.09%	0.09%
ALK	A	0.16%	0.16%	0.16%
ALLY	C	0.28%	0.24%	0.24%
ALSN	B	0.24%	0.25%	0.24%
AM	A	0.15%	0.13%	0.13%
AMG	C	0.15%	0.15%	0.15%
AMKR	F	0.1%	0.08%	0.08%
AN	D	0.17%	0.11%	0.11%
ANF	C	0.21%	0.17%	0.17%
APG	C	0.24%	0.17%	0.17%
APLE	B	0.09%	0.09%	0.09%
AR	B	0.12%	0.22%	0.12%
ARMK	C	0.29%	0.24%	0.24%
ARW	F	0.2%	0.15%	0.15%
ASGN	F	0.11%	0.11%	0.11%
ASH	F	0.12%	0.09%	0.09%
ASO	F	0.12%	0.09%	0.09%
ATKR	D	0.09%	0.09%	0.09%
ATR	B	0.31%	0.28%	0.28%
AVA	C	0.09%	0.07%	0.07%
AVNT	B	0.13%	0.11%	0.11%
AVT	C	0.14%	0.12%	0.12%
AWR	A	0.09%	0.08%	0.08%
AXS	A	0.17%	0.16%	0.16%
AXTA	B	0.23%	0.2%	0.2%
AYI	B	0.24%	0.25%	0.24%
AZTA	F	0.06%	0.05%	0.05%
BBWI	C	0.2%	0.17%	0.17%
BC	D	0.16%	0.13%	0.13%
BDC	B	0.14%	0.12%	0.12%
BECN	B	0.15%	0.16%	0.15%
BERY	D	0.21%	0.19%	0.19%
BHF	C	0.08%	0.08%	0.08%
BIO	C	0.19%	0.19%	0.19%
BJ	B	0.32%	0.27%	0.27%
BKH	A	0.12%	0.1%	0.1%
BLKB	B	0.06%	0.09%	0.06%
BOKF	B	0.07%	0.07%	0.07%
BPOP	C	0.21%	0.17%	0.17%
BRX	A	0.24%	0.21%	0.21%
BTU	C	0.09%	0.08%	0.08%
BWA	D	0.24%	0.2%	0.2%
BXMT	C	0.07%	0.07%	0.07%
BYD	B	0.06%	0.12%	0.06%
CACI	C	0.32%	0.31%	0.31%
CADE	B	0.17%	0.17%	0.17%
CAR	C	0.04%	0.04%	0.04%
CBSH	A	0.2%	0.23%	0.2%
CBT	C	0.18%	0.15%	0.15%
CC	D	0.09%	0.07%	0.07%
CFR	B	0.19%	0.21%	0.19%
CHRD	F	0.23%	0.19%	0.19%
CHRW	B	0.35%	0.31%	0.31%
CLF	F	0.17%	0.14%	0.14%
CMA	B	0.23%	0.23%	0.23%
CMC	B	0.18%	0.17%	0.17%
CNXC	F	0.08%	0.04%	0.04%
COHR	B	0.2%	0.38%	0.2%
COLB	B	0.16%	0.16%	0.16%
COLM	B	0.04%	0.07%	0.04%
COOP	B	0.16%	0.15%	0.15%
COTY	F	0.09%	0.07%	0.07%
CPRI	F	0.14%	0.06%	0.06%
CR	A	0.22%	0.21%	0.21%
CRC	A	0.12%	0.09%	0.09%
CRUS	F	0.19%	0.14%	0.14%
CSL	C	0.6%	0.52%	0.52%
CUZ	B	0.13%	0.11%	0.11%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.03%	0.02%	0.02%
CWEN	C	0.03%	0.05%	0.03%
CWEN	C	0.07%	0.05%	0.05%
DCI	B	0.26%	0.23%	0.23%
DDS	B	0.05%	0.04%	0.04%
DINO	D	0.21%	0.17%	0.17%
DJT	C	0.01%	0.03%	0.01%
DKS	D	0.24%	0.28%	0.24%
DNB	B	0.11%	0.08%	0.08%
DTM	A	0.22%	0.24%	0.22%
DVA	C	0.2%	0.19%	0.19%
DXC	D	0.11%	0.1%	0.1%
EDR	A	0.11%	0.13%	0.11%
EGP	D	0.26%	0.21%	0.21%
EHC	B	0.28%	0.25%	0.25%
ELAN	D	0.21%	0.17%	0.17%
EME	A	0.58%	0.6%	0.58%
ENOV	C	0.07%	0.06%	0.06%
ENS	D	0.12%	0.1%	0.1%
EPR	D	0.11%	0.08%	0.08%
ESAB	C	0.18%	0.18%	0.18%
ESGR	B	0.11%	0.09%	0.09%
ESI	B	0.17%	0.16%	0.16%
ESNT	D	0.19%	0.15%	0.15%
EVR	B	0.27%	0.27%	0.27%
FAF	C	0.19%	0.16%	0.16%
FBIN	F	0.32%	0.24%	0.24%
FCN	F	0.24%	0.18%	0.18%
FFIN	B	0.13%	0.15%	0.13%
FHI	B	0.08%	0.09%	0.08%
FHN	A	0.24%	0.26%	0.24%
FLO	D	0.13%	0.11%	0.11%
FLR	B	0.24%	0.2%	0.2%
FLS	A	0.2%	0.19%	0.19%
FMC	D	0.24%	0.17%	0.17%
FNB	B	0.15%	0.15%	0.15%
FR	C	0.21%	0.16%	0.16%
FRT	B	0.28%	0.23%	0.23%
FUL	F	0.12%	0.1%	0.1%
FYBR	C	0.25%	0.15%	0.15%
G	B	0.2%	0.18%	0.18%
GAP	D	0.15%	0.12%	0.12%
GATX	B	0.14%	0.13%	0.13%
GBCI	B	0.15%	0.16%	0.15%
GEF	B	0.04%	0.04%	0.04%
GEF	B	0.0%	0.04%	0.0%
GL	C	0.27%	0.25%	0.25%
GLPI	C	0.39%	0.32%	0.32%
GME	C	0.25%	0.26%	0.25%
GOLF	B	0.05%	0.05%	0.05%
GPI	B	0.14%	0.13%	0.13%
GPK	D	0.26%	0.22%	0.22%
GT	C	0.07%	0.07%	0.07%
GTES	A	0.12%	0.1%	0.1%
HAS	D	0.28%	0.2%	0.2%
HI	C	0.06%	0.05%	0.05%
HL	C	0.11%	0.08%	0.08%
HOG	F	0.13%	0.11%	0.11%
HOMB	A	0.14%	0.15%	0.14%
HP	C	0.04%	0.09%	0.04%
HRB	D	0.26%	0.21%	0.21%
HSIC	C	0.27%	0.21%	0.21%
HUN	F	0.11%	0.08%	0.08%
HWC	B	0.13%	0.13%	0.13%
IAC	D	0.11%	0.09%	0.09%
IDA	A	0.16%	0.15%	0.15%
IMVT	F	0.05%	0.04%	0.04%
INFA	D	0.06%	0.08%	0.06%
INGR	B	0.26%	0.24%	0.24%
IPGP	D	0.06%	0.06%	0.06%
ITT	A	0.35%	0.31%	0.31%
IVZ	C	0.22%	0.14%	0.14%
JAZZ	C	0.19%	0.2%	0.19%
JBL	C	0.37%	0.36%	0.36%
JEF	A	0.26%	0.3%	0.26%
JHG	B	0.14%	0.14%	0.14%
JLL	D	0.37%	0.31%	0.31%
JXN	C	0.2%	0.19%	0.19%
KBH	D	0.16%	0.13%	0.13%
KBR	F	0.25%	0.24%	0.24%
KD	A	0.15%	0.16%	0.15%
KEX	B	0.2%	0.19%	0.19%
KMPR	A	0.11%	0.1%	0.1%
KNX	B	0.24%	0.21%	0.21%
KRC	C	0.13%	0.11%	0.11%
KWR	D	0.03%	0.06%	0.03%
LAD	B	0.24%	0.25%	0.24%
LAMR	D	0.17%	0.28%	0.17%
LEA	F	0.18%	0.14%	0.14%
LNC	B	0.15%	0.15%	0.15%
LPX	B	0.2%	0.18%	0.18%
LYFT	C	0.13%	0.16%	0.13%
M	D	0.12%	0.1%	0.1%
MAN	F	0.1%	0.07%	0.07%
MAT	D	0.19%	0.16%	0.16%
MDGL	C	0.11%	0.13%	0.11%
MDU	D	0.15%	0.08%	0.08%
MHK	D	0.25%	0.19%	0.19%
MIDD	D	0.22%	0.18%	0.18%
MKSI	C	0.21%	0.16%	0.16%
MLI	B	0.24%	0.25%	0.24%
MODG	F	0.02%	0.03%	0.02%
MPW	F	0.1%	0.06%	0.06%
MSA	D	0.19%	0.16%	0.16%
MSM	D	0.11%	0.1%	0.1%
MTG	D	0.19%	0.16%	0.16%
MTH	D	0.21%	0.16%	0.16%
MTZ	A	0.11%	0.21%	0.11%
MUR	F	0.14%	0.12%	0.12%
MUSA	B	0.26%	0.26%	0.26%
NCLH	B	0.13%	0.29%	0.13%
NFG	A	0.16%	0.14%	0.14%
NJR	A	0.13%	0.12%	0.12%
NNN	C	0.26%	0.19%	0.19%
NSIT	F	0.2%	0.11%	0.11%
NSP	F	0.09%	0.07%	0.07%
NVST	C	0.1%	0.09%	0.09%
NVT	C	0.34%	0.31%	0.31%
NWE	C	0.1%	0.08%	0.08%
NWL	B	0.09%	0.09%	0.09%
NXST	C	0.15%	0.13%	0.13%
NYT	D	0.25%	0.21%	0.21%
OGE	A	0.24%	0.21%	0.21%
OGN	F	0.14%	0.1%	0.1%
OGS	A	0.12%	0.1%	0.1%
OHI	B	0.3%	0.25%	0.25%
OLN	F	0.16%	0.13%	0.13%
OMF	A	0.16%	0.15%	0.15%
ONB	B	0.17%	0.18%	0.17%
ORI	A	0.24%	0.23%	0.23%
OSK	C	0.19%	0.18%	0.18%
OTTR	C	0.09%	0.08%	0.08%
OVV	C	0.29%	0.27%	0.27%
OZK	B	0.13%	0.13%	0.13%
PAG	B	0.09%	0.08%	0.08%
PARA	D	0.16%	0.16%	0.16%
PB	A	0.19%	0.19%	0.19%
PBF	D	0.08%	0.08%	0.08%
PBH	A	0.1%	0.1%	0.1%
PCH	D	0.1%	0.08%	0.08%
PECO	A	0.07%	0.12%	0.07%
PENN	C	0.08%	0.07%	0.07%
PFGC	B	0.35%	0.33%	0.33%
PFSI	C	0.08%	0.07%	0.07%
PII	F	0.13%	0.09%	0.09%
PINC	B	0.06%	0.06%	0.06%
PNFP	B	0.1%	0.24%	0.1%
PNM	B	0.11%	0.1%	0.1%
PNW	B	0.29%	0.25%	0.25%
POR	C	0.14%	0.12%	0.12%
POST	C	0.08%	0.15%	0.08%
PPC	B	0.05%	0.05%	0.05%
PR	B	0.12%	0.23%	0.12%
PRGO	C	0.1%	0.09%	0.09%
PRI	A	0.26%	0.26%	0.26%
PSN	C	0.14%	0.13%	0.13%
PTEN	C	0.09%	0.08%	0.08%
PVH	C	0.16%	0.14%	0.14%
R	B	0.17%	0.18%	0.17%
RDN	D	0.15%	0.13%	0.13%
REYN	D	0.05%	0.04%	0.04%
RHI	C	0.19%	0.2%	0.19%
RIVN	F	0.14%	0.19%	0.14%
RL	C	0.21%	0.21%	0.21%
RLI	A	0.19%	0.18%	0.18%
RNR	C	0.41%	0.33%	0.33%
RPM	B	0.45%	0.43%	0.43%
RRC	B	0.2%	0.2%	0.2%
RRX	B	0.32%	0.28%	0.28%
RS	B	0.46%	0.44%	0.44%
RUSHA	B	0.1%	0.1%	0.1%
RUSHB	B	0.01%	0.01%	0.01%
RYN	D	0.14%	0.1%	0.1%
SAIC	F	0.21%	0.19%	0.19%
SANM	B	0.1%	0.11%	0.1%
SCI	A	0.31%	0.31%	0.31%
SEB	F	0.02%	0.02%	0.02%
SEE	D	0.12%	0.13%	0.12%
SEIC	B	0.23%	0.22%	0.22%
SEM	B	0.1%	0.1%	0.1%
SF	B	0.26%	0.29%	0.26%
SFM	A	0.32%	0.36%	0.32%
SIG	C	0.13%	0.11%	0.11%
SIGI	B	0.16%	0.15%	0.15%
SLGN	A	0.12%	0.11%	0.11%
SLM	B	0.14%	0.13%	0.13%
SM	C	0.07%	0.12%	0.07%
SMG	C	0.11%	0.08%	0.08%
SNV	B	0.18%	0.21%	0.18%
SNX	D	0.22%	0.14%	0.14%
SOLV	F	0.28%	0.24%	0.24%
SON	F	0.15%	0.12%	0.12%
SR	A	0.11%	0.09%	0.09%
SSB	B	0.21%	0.2%	0.2%
ST	F	0.16%	0.12%	0.12%
STAG	D	0.21%	0.16%	0.16%
STWD	C	0.19%	0.15%	0.15%
SUM	B	0.14%	0.14%	0.14%
SWX	A	0.13%	0.11%	0.11%
SXT	C	0.1%	0.08%	0.08%
SYNA	D	0.09%	0.07%	0.07%
TDC	D	0.08%	0.07%	0.07%
TEX	D	0.1%	0.09%	0.09%
THC	C	0.46%	0.39%	0.39%
THG	A	0.14%	0.14%	0.14%
THO	C	0.16%	0.14%	0.14%
TKR	F	0.15%	0.12%	0.12%
TMHC	B	0.2%	0.17%	0.17%
TNL	B	0.09%	0.09%	0.09%
TOL	B	0.46%	0.38%	0.38%
TPR	B	0.31%	0.29%	0.29%
TTEK	F	0.36%	0.31%	0.31%
UA	C	0.03%	0.03%	0.03%
UAA	C	0.05%	0.04%	0.04%
UBSI	B	0.14%	0.14%	0.14%
UFPI	C	0.22%	0.2%	0.2%
UGI	C	0.15%	0.12%	0.12%
UHAL	D	0.2%	0.01%	0.01%
UHAL	D	0.2%	0.16%	0.16%
UHAL	D	0.02%	0.01%	0.01%
UHAL	D	0.02%	0.16%	0.02%
UMBF	B	0.13%	0.14%	0.13%
UNM	A	0.25%	0.31%	0.25%
USFD	A	0.43%	0.38%	0.38%
UTHR	C	0.46%	0.38%	0.38%
VAC	C	0.07%	0.07%	0.07%
VC	F	0.04%	0.06%	0.04%
VFC	C	0.22%	0.16%	0.16%
VLY	B	0.11%	0.11%	0.11%
VMI	B	0.17%	0.17%	0.17%
VNT	C	0.15%	0.15%	0.15%
VOYA	B	0.22%	0.21%	0.21%
VVV	D	0.16%	0.13%	0.13%
WAL	B	0.26%	0.25%	0.25%
WBS	A	0.23%	0.25%	0.23%
WCC	B	0.24%	0.22%	0.22%
WEN	C	0.09%	0.07%	0.07%
WHR	B	0.17%	0.15%	0.15%
WOR	F	0.04%	0.03%	0.03%
WSM	D	0.45%	0.39%	0.39%
WTFC	B	0.21%	0.21%	0.21%
WTM	A	0.12%	0.12%	0.12%
WTRG	B	0.27%	0.24%	0.24%
WTS	B	0.16%	0.14%	0.14%
WU	F	0.12%	0.09%	0.09%
X	C	0.21%	0.22%	0.21%
XPO	B	0.17%	0.43%	0.17%
XRAY	D	0.16%	0.09%	0.09%
ZION	B	0.2%	0.22%	0.2%
ZWS	B	0.14%	0.14%	0.14%

VBR Overweight 465 Positions Relative to BBMC

Symbol	Grade	Weight
SW	A	0.74%
BLDR	D	0.65%
BAH	D	0.61%
ATO	A	0.58%
FCNCA	A	0.57%
NRG	B	0.54%
PNR	B	0.47%
IEX	B	0.47%
KIM	A	0.45%
OC	A	0.44%
AES	F	0.41%
RGA	B	0.41%
EQH	B	0.39%
BG	D	0.39%
EMN	D	0.38%
REG	A	0.38%
CPT	C	0.38%
ALLE	D	0.37%
JNPR	D	0.37%
FFIV	B	0.37%
UHS	D	0.37%
KMX	C	0.35%
SJM	D	0.35%
TFX	F	0.34%
IPG	F	0.34%
BXP	D	0.33%
EWBC	A	0.33%
HUBB	B	0.33%
CCK	D	0.33%
LDOS	C	0.32%
EPAM	C	0.31%
HII	F	0.3%
LKQ	F	0.3%
TAP	B	0.29%
CG	B	0.29%
AFG	A	0.29%
QRVO	F	0.28%
Z	A	0.28%
STLD	B	0.27%
APA	F	0.26%
MOS	D	0.25%
SWN	C	0.23%
DOC	D	0.23%
NI	A	0.22%
VNO	C	0.21%
LUMN	C	0.21%
EVRG	A	0.19%
MOG.A	B	0.17%
ACI	C	0.17%
BCC	C	0.16%
AUR	C	0.16%
ALB	B	0.16%
SRCL	B	0.16%
KNF	B	0.15%
SIRI	D	0.15%
TPG	A	0.14%
PIPR	B	0.14%
MATX	B	0.14%
BCO	F	0.14%
ITGR	B	0.13%
SBRA	B	0.13%
NUVL	D	0.13%
MGM	D	0.13%
SLG	B	0.13%
KTB	A	0.13%
CNX	A	0.13%
HASI	F	0.12%
TPH	D	0.12%
ABCB	B	0.12%
ICUI	D	0.12%
NHI	D	0.11%
PLXS	B	0.11%
KFY	B	0.11%
MAC	A	0.11%
AEO	F	0.11%
TCBI	B	0.1%
MGEE	A	0.1%
ABM	B	0.1%
ESE	B	0.1%
HCC	B	0.1%
IBOC	B	0.1%
AUB	B	0.1%
AX	B	0.1%
NPO	A	0.1%
CDP	C	0.1%
GVA	A	0.1%
UCB	A	0.1%
FBP	B	0.1%
CNO	B	0.1%
HIW	D	0.1%
GMS	B	0.1%
BNL	D	0.1%
SKT	A	0.1%
WD	D	0.1%
GNW	A	0.09%
SATS	C	0.09%
FHB	B	0.09%
PRIM	A	0.09%
UNF	B	0.09%
WSFS	B	0.09%
APAM	B	0.09%
CBU	B	0.09%
ASB	B	0.09%
COMP	B	0.09%
WBA	F	0.09%
GFF	B	0.09%
CWK	C	0.09%
AMED	F	0.09%
BEN	C	0.09%
EBC	B	0.09%
BRC	C	0.09%
SKYW	B	0.09%
AROC	A	0.09%
EAT	A	0.09%
BGC	C	0.09%
FULT	B	0.09%
TGNA	B	0.08%
HUBG	A	0.08%
GHC	B	0.08%
URBN	C	0.08%
ATGE	B	0.08%
BKU	A	0.08%
CXT	C	0.08%
DY	C	0.08%
AIN	C	0.08%
ABR	B	0.08%
PK	D	0.08%
REZI	A	0.08%
LXP	D	0.08%
IOSP	C	0.08%
WAFD	B	0.08%
TRN	A	0.08%
PRGS	B	0.08%
WLK	F	0.08%
DEI	B	0.08%
CATY	B	0.08%
JWN	C	0.08%
WERN	B	0.07%
ENR	B	0.07%
FFBC	B	0.07%
PFS	B	0.07%
HAYW	B	0.07%
MTRN	C	0.07%
AZZ	A	0.07%
VSH	F	0.07%
BFH	B	0.07%
CVBF	B	0.07%
ARCH	B	0.07%
SMMT	D	0.07%
INDB	B	0.07%
HNI	B	0.07%
PPBI	B	0.07%
PRK	B	0.07%
FL	F	0.07%
DBRG	F	0.07%
HBI	B	0.07%
OSIS	A	0.07%
RNG	C	0.07%
AKR	A	0.07%
CDE	C	0.07%
MTX	C	0.07%
BOH	B	0.07%
VIRT	A	0.07%
SPB	C	0.07%
RNA	C	0.07%
ARCB	C	0.07%
IOVA	F	0.07%
FIBK	B	0.07%
SFNC	B	0.07%
MGRC	B	0.07%
OUT	A	0.07%
UE	A	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%
VSTS	F	0.06%
NMRK	B	0.06%
THS	F	0.06%
RNST	B	0.06%
WLY	B	0.06%
VYX	C	0.06%
SFBS	B	0.06%
JOBY	B	0.06%
NBTB	B	0.06%
VGR	B	0.06%
VIAV	C	0.06%
OMCL	C	0.06%
VSCO	A	0.06%
KMT	C	0.06%
CGON	F	0.06%
LAUR	A	0.06%
EQC	A	0.06%
IBTX	B	0.06%
OI	D	0.06%
IVT	A	0.06%
BANR	B	0.06%
NATL	B	0.06%
FRME	B	0.06%
OFG	B	0.06%
TDS	B	0.06%
SHO	D	0.06%
STRA	C	0.06%
SXI	B	0.06%
TOWN	B	0.06%
EVTC	B	0.06%
ZD	B	0.06%
ZG	A	0.06%
AIR	B	0.06%
KSS	F	0.06%
CRI	F	0.06%
MHO	D	0.06%
MIR	A	0.06%
PSMT	D	0.06%
VRNT	D	0.05%
CABO	C	0.05%
UPBD	C	0.05%
HLIO	C	0.05%
HE	C	0.05%
LTC	B	0.05%
NBHC	B	0.05%
CENTA	C	0.05%
AMN	F	0.05%
CRGY	A	0.05%
ANDE	F	0.05%
SUPN	B	0.05%
STEP	B	0.05%
CHCO	B	0.05%
NHC	B	0.05%
SCL	D	0.05%
FCF	B	0.05%
NPAB	F	0.05%
WSBC	B	0.05%
SHOO	D	0.05%
NWBI	B	0.05%
GEO	A	0.05%
DRH	B	0.05%
MLKN	F	0.05%
PDCO	F	0.05%
TROX	D	0.05%
WKC	D	0.05%
LEG	F	0.05%
LGND	C	0.05%
MCY	B	0.05%
TRMK	B	0.05%
LRN	A	0.05%
PZZA	F	0.05%
TTMI	B	0.05%
FTRE	D	0.05%
EPC	F	0.05%
LZB	B	0.05%
KAR	A	0.05%
B	A	0.05%
CAKE	B	0.05%
ROIC	A	0.05%
PBI	B	0.04%
AIV	C	0.04%
INSW	F	0.04%
AAT	A	0.04%
PMT	D	0.04%
UVV	B	0.04%
PDM	D	0.04%
WABC	B	0.04%
JELD	F	0.04%
ARI	C	0.04%
BKD	F	0.04%
OXM	F	0.04%
NNI	D	0.04%
UNIT	B	0.04%
NX	C	0.04%
LADR	B	0.04%
VCTR	B	0.04%
WWW	A	0.04%
CXW	B	0.04%
BKE	B	0.04%
SPNT	A	0.04%
VSAT	F	0.04%
CSGS	B	0.04%
WT	A	0.04%
DNOW	B	0.04%
DAN	F	0.04%
RRR	F	0.04%
REVG	B	0.04%
SBH	B	0.04%
ALEX	B	0.04%
VRE	A	0.04%
BLMN	F	0.04%
VRTS	B	0.04%
HELE	C	0.04%
NGVT	C	0.04%
CODI	B	0.04%
HMN	B	0.04%
HOPE	B	0.04%
ESRT	C	0.04%
LCII	D	0.04%
HTH	B	0.04%
NTCT	C	0.04%
GBX	B	0.04%
HEES	C	0.04%
JBGS	F	0.04%
KN	B	0.04%
BHE	B	0.04%
STBA	B	0.04%
CNK	A	0.04%
DYN	F	0.04%
APOG	B	0.04%
GO	C	0.04%
ELME	D	0.04%
GTY	A	0.04%
NWN	A	0.04%
USM	B	0.03%
MATV	F	0.03%
SMR	A	0.03%
CMTG	D	0.03%
JACK	D	0.03%
BDN	C	0.03%
BV	C	0.03%
LGF.A	F	0.03%
DNUT	F	0.03%
MMI	B	0.03%
ODP	F	0.03%
UNFI	B	0.03%
JBLU	F	0.03%
TRS	B	0.03%
MD	C	0.03%
CBRL	C	0.03%
THR	B	0.03%
FA	D	0.03%
ATSG	A	0.03%
RWT	D	0.03%
INVA	C	0.03%
VSTO	A	0.03%
LEVI	F	0.03%
MRC	B	0.03%
HTLF	B	0.03%
SCSC	B	0.03%
CARS	C	0.03%
SNDR	B	0.03%
ECPG	C	0.03%
FBRT	C	0.03%
CNNE	B	0.03%
CSR	A	0.03%
ETWO	F	0.03%
AVNS	F	0.03%
KALU	C	0.03%
WMK	B	0.03%
WS	B	0.03%
KFRC	D	0.03%
FDP	B	0.03%
SCS	B	0.03%
XRX	F	0.03%
OMI	F	0.03%
DK	D	0.03%
SAFT	B	0.03%
BHLB	B	0.03%
AMRX	C	0.03%
GIII	D	0.03%
MYGN	F	0.03%
EIG	B	0.03%
NAVI	F	0.03%
MSGE	F	0.03%
IART	C	0.03%
LC	B	0.03%
TILE	B	0.02%
HTLD	B	0.02%
ATUS	C	0.02%
MXL	C	0.02%
CAL	F	0.02%
FOR	F	0.02%
GES	F	0.02%
BMBL	C	0.02%
BASE	C	0.02%
SCHL	F	0.02%
CMPR	F	0.02%
HY	D	0.02%
KELYA	F	0.02%
CFFN	B	0.02%
PCRX	C	0.02%
SWI	B	0.02%
TMP	B	0.02%
BGS	F	0.02%
MATW	C	0.02%
HPP	F	0.02%
PUMP	D	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
KOP	C	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
KREF	D	0.02%
ASTE	C	0.02%
BRSP	C	0.02%
PRLB	C	0.02%
XHR	B	0.02%
SVC	F	0.02%
PRA	B	0.02%
SAH	B	0.02%
HAIN	D	0.02%
WNC	D	0.02%
CVI	D	0.02%
EMBC	D	0.02%
HCSG	C	0.02%
MNRO	C	0.02%
PRAA	C	0.02%
FG	B	0.02%
BRKL	B	0.02%
EYE	C	0.02%
DLX	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%
DIN	C	0.01%
OLPX	D	0.01%
VREX	C	0.01%
CENT	C	0.01%
TGI	A	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	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%
EGBN	B	0.01%
WRLD	D	0.01%
HTZ	C	0.01%
INN	D	0.01%
VMEO	C	0.01%
BJRI	C	0.01%
EE	A	0.01%
RMR	F	0.01%
GRC	B	0.01%
PTVE	B	0.01%
NVRI	F	0.01%
FWRD	D	0.01%
NABL	F	0.01%
USNA	C	0.01%
CLB	C	0.01%
SSTK	F	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%
BFS	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%
LESL	C	0.0%

VBR Underweight 241 Positions Relative to BBMC

Symbol	Grade	Weight
MSTR	A	-1.53%
APP	A	-1.47%
CVNA	A	-0.7%
DKNG	B	-0.49%
IBKR	A	-0.47%
MANH	D	-0.43%
NTNX	B	-0.43%
HOOD	A	-0.42%
NTRA	A	-0.41%
FIX	A	-0.41%
TOST	A	-0.4%
GWRE	A	-0.4%
PSTG	F	-0.38%
CASY	A	-0.38%
GGG	B	-0.37%
TW	A	-0.37%
SAIA	C	-0.36%
CW	B	-0.36%
SOFI	A	-0.35%
CLH	C	-0.33%
TXRH	B	-0.32%
AFRM	A	-0.32%
NDSN	D	-0.32%
LECO	C	-0.3%
BWXT	A	-0.29%
AMH	C	-0.29%
OWL	A	-0.28%
BLD	F	-0.28%
GNRC	B	-0.28%
DUOL	A	-0.28%
FND	F	-0.27%
PCVX	D	-0.27%
EXEL	B	-0.26%
SRPT	F	-0.26%
KNSL	B	-0.26%
ERIE	F	-0.26%
EXP	B	-0.26%
LBRDK	C	-0.26%
CTLT	D	-0.26%
CUBE	C	-0.26%
CIEN	B	-0.25%
IOT	A	-0.25%
MKTX	D	-0.25%
HLI	B	-0.24%
WWD	B	-0.24%
CHDN	C	-0.24%
WING	D	-0.24%
ROKU	D	-0.23%
LNW	F	-0.23%
WMS	F	-0.23%
RGLD	C	-0.23%
PCTY	B	-0.23%
MORN	B	-0.23%
BRBR	A	-0.23%
GMED	A	-0.23%
AAON	B	-0.23%
FN	B	-0.23%
TPX	B	-0.23%
PEN	B	-0.22%
AOS	F	-0.22%
RBC	A	-0.22%
MEDP	D	-0.22%
REXR	F	-0.21%
ENSG	D	-0.21%
CHE	F	-0.21%
HQY	A	-0.21%
ONTO	F	-0.21%
ITCI	B	-0.21%
TTC	F	-0.21%
BILL	B	-0.21%
SKX	F	-0.2%
OLED	F	-0.2%
CZR	F	-0.2%
MTCH	F	-0.2%
TKO	A	-0.2%
PLNT	A	-0.2%
RVMD	B	-0.2%
MTSI	B	-0.19%
HALO	F	-0.19%
EXLS	B	-0.19%
WEX	F	-0.19%
CNM	C	-0.19%
ESTC	C	-0.19%
SMAR	A	-0.19%
RGEN	F	-0.19%
TREX	D	-0.19%
SSD	D	-0.19%
WH	B	-0.19%
GXO	B	-0.18%
MASI	B	-0.18%
DOCS	C	-0.18%
WSC	F	-0.18%
LSCC	D	-0.18%
GTLS	A	-0.18%
ATI	C	-0.18%
S	B	-0.18%
MTDR	C	-0.17%
DAR	B	-0.17%
SPSC	F	-0.17%
AWI	B	-0.17%
LSTR	D	-0.17%
AZEK	B	-0.17%
CGNX	D	-0.17%
MTN	C	-0.17%
H	B	-0.17%
GTLB	B	-0.17%
ELF	C	-0.17%
ALV	C	-0.17%
FRPT	A	-0.17%
GNTX	F	-0.17%
RYAN	B	-0.17%
ETSY	D	-0.16%
CFLT	B	-0.16%
BFAM	F	-0.16%
COKE	C	-0.16%
NOV	D	-0.16%
CYTK	D	-0.16%
WFRD	F	-0.16%
SITE	D	-0.16%
BMI	C	-0.16%
CWST	A	-0.16%
RHP	B	-0.16%
DBX	C	-0.16%
ALTR	B	-0.15%
PATH	C	-0.15%
COLD	F	-0.15%
RMBS	C	-0.15%
HRI	C	-0.15%
KRG	A	-0.15%
BPMC	C	-0.15%
CHX	C	-0.15%
MMSI	A	-0.15%
PCOR	C	-0.15%
CROX	F	-0.15%
NOVT	D	-0.15%
LFUS	D	-0.15%
VKTX	F	-0.15%
MMS	D	-0.14%
IONS	F	-0.14%
FSS	B	-0.14%
INSP	F	-0.14%
OLLI	D	-0.14%
QLYS	C	-0.14%
BCPC	B	-0.14%
TRNO	D	-0.14%
LITE	B	-0.14%
EPRT	A	-0.14%
LNTH	F	-0.14%
FOUR	A	-0.14%
HXL	F	-0.13%
EXPO	D	-0.13%
BRKR	F	-0.13%
SKY	A	-0.13%
MGY	A	-0.12%
WK	C	-0.12%
HAE	C	-0.12%
LOPE	B	-0.12%
ALKS	C	-0.12%
IBP	F	-0.12%
BOX	B	-0.12%
TENB	D	-0.12%
RH	D	-0.12%
ROIV	D	-0.12%
CELH	F	-0.11%
CRSP	D	-0.11%
DLB	F	-0.11%
FELE	B	-0.11%
WMG	C	-0.11%
EEFT	C	-0.11%
FIVE	F	-0.11%
IRT	A	-0.11%
LANC	D	-0.1%
AXSM	B	-0.1%
NEU	D	-0.1%
OPCH	F	-0.1%
RARE	F	-0.1%
CHH	A	-0.1%
ORA	B	-0.1%
AEIS	B	-0.1%
CCOI	B	-0.09%
YETI	D	-0.09%
SPR	D	-0.09%
POWI	D	-0.09%
JBT	A	-0.09%
ZI	D	-0.09%
PEGA	B	-0.09%
CIVI	D	-0.09%
MSGS	B	-0.09%
TNET	F	-0.08%
BL	C	-0.08%
VAL	F	-0.08%
HGV	C	-0.08%
SMPL	B	-0.08%
IRDM	F	-0.08%
ENV	B	-0.08%
NEOG	D	-0.08%
SLAB	F	-0.08%
RIG	D	-0.08%
CRVL	A	-0.08%
ACLS	F	-0.07%
CNS	B	-0.07%
IRTC	C	-0.07%
DIOD	F	-0.07%
BE	A	-0.07%
FOLD	F	-0.07%
FIVN	C	-0.07%
CWT	C	-0.07%
NSA	C	-0.07%
DV	C	-0.07%
SAM	C	-0.07%
SGRY	F	-0.06%
IPAR	C	-0.06%
APLS	F	-0.06%
ALGM	F	-0.06%
ARWR	D	-0.06%
HHH	B	-0.06%
CACC	F	-0.06%
JJSF	C	-0.06%
ADNT	F	-0.05%
MP	C	-0.05%
FRHC	A	-0.05%
SHC	F	-0.05%
LCID	F	-0.05%
FLYW	B	-0.05%
ACAD	C	-0.05%
RCM	A	-0.05%
LTH	C	-0.04%
PGNY	F	-0.04%
LBRDA	C	-0.04%
TXG	F	-0.04%
EVH	F	-0.04%
CLVT	D	-0.04%
NFE	F	-0.03%
CRK	A	-0.03%
FIZZ	C	-0.03%
PYCR	C	-0.03%
SEDG	F	-0.02%
TFSL	A	-0.02%
WOLF	F	-0.02%
INST	B	-0.01%
PLTK	B	-0.01%