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

$193.97

Average Daily Volume

380,318

Number of Holdings ^*

800

* 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

$90.78

Average Daily Volume

40,761

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

Performance

Period	VBR	BBMC
30 Days	6.85%	4.09%
60 Days	3.81%	1.87%
90 Days	5.87%	3.16%
12 Months	15.01%	11.88%

340 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in BBMC	Overlap
AA	F	0.23%	0.17%	0.17%
AAL	F	0.24%	0.18%	0.18%
AAP	D	0.12%	0.1%	0.1%
ABG	B	0.15%	0.14%	0.14%
ACA	B	0.13%	0.12%	0.12%
ACHC	D	0.19%	0.16%	0.16%
ACM	B	0.38%	0.33%	0.33%
ACT	B	0.03%	0.03%	0.03%
ADC	A	0.2%	0.17%	0.17%
ADTN	B	0.09%	0.06%	0.06%
AGCO	F	0.2%	0.17%	0.17%
AGNC	B	0.22%	0.2%	0.2%
AGO	C	0.13%	0.11%	0.11%
AIT	C	0.24%	0.22%	0.22%
AIZ	B	0.27%	0.24%	0.24%
AL	C	0.16%	0.14%	0.14%
ALE	A	0.11%	0.1%	0.1%
ALIT	D	0.1%	0.08%	0.08%
ALK	F	0.16%	0.13%	0.13%
ALLY	B	0.35%	0.31%	0.31%
ALSN	A	0.21%	0.2%	0.2%
AM	C	0.16%	0.14%	0.14%
AMG	B	0.16%	0.15%	0.15%
AMKR	F	0.14%	0.13%	0.13%
AN	B	0.16%	0.13%	0.13%
ANF	D	0.29%	0.21%	0.21%
APG	D	0.3%	0.19%	0.19%
APLE	C	0.1%	0.09%	0.09%
AR	D	0.15%	0.25%	0.15%
ARMK	B	0.28%	0.23%	0.23%
ARW	C	0.2%	0.18%	0.18%
ASGN	D	0.12%	0.13%	0.12%
ASH	D	0.14%	0.12%	0.12%
ASO	F	0.13%	0.11%	0.11%
ATKR	F	0.16%	0.14%	0.14%
ATR	A	0.3%	0.26%	0.26%
AVA	A	0.09%	0.08%	0.08%
AVNT	B	0.13%	0.11%	0.11%
AVT	D	0.15%	0.13%	0.13%
AWR	B	0.09%	0.08%	0.08%
AXS	B	0.17%	0.15%	0.15%
AXTA	A	0.24%	0.2%	0.2%
AYI	D	0.24%	0.22%	0.22%
AZTA	B	0.09%	0.08%	0.08%
BBWI	F	0.28%	0.23%	0.23%
BC	C	0.16%	0.14%	0.14%
BDC	A	0.12%	0.1%	0.1%
BECN	B	0.18%	0.17%	0.17%
BERY	B	0.2%	0.2%	0.2%
BHF	B	0.09%	0.08%	0.08%
BIO	B	0.17%	0.17%	0.17%
BJ	C	0.37%	0.3%	0.3%
BKH	A	0.12%	0.11%	0.11%
BLKB	C	0.06%	0.09%	0.06%
BOKF	C	0.07%	0.07%	0.07%
BPOP	B	0.2%	0.19%	0.19%
BRX	B	0.22%	0.2%	0.2%
BTU	D	0.08%	0.07%	0.07%
BWA	C	0.23%	0.2%	0.2%
BXMT	C	0.08%	0.09%	0.08%
CACC	D	0.09%	0.09%	0.09%
CACI	A	0.31%	0.27%	0.27%
CADE	C	0.16%	0.16%	0.16%
CAR	F	0.05%	0.05%	0.05%
CBSH	B	0.21%	0.22%	0.21%
CBT	C	0.16%	0.15%	0.15%
CC	F	0.11%	0.1%	0.1%
CFR	C	0.19%	0.19%	0.19%
CHK	F	0.33%	0.23%	0.23%
CHRD	D	0.32%	0.29%	0.29%
CHRW	A	0.31%	0.29%	0.29%
CLF	F	0.23%	0.2%	0.2%
CMA	B	0.22%	0.18%	0.18%
CMC	B	0.2%	0.18%	0.18%
CNXC	C	0.11%	0.08%	0.08%
COHR	C	0.18%	0.3%	0.18%
COLB	C	0.13%	0.13%	0.13%
COOP	C	0.16%	0.14%	0.14%
COTY	F	0.11%	0.1%	0.1%
CPRI	D	0.12%	0.11%	0.11%
CR	B	0.22%	0.2%	0.2%
CRC	D	0.12%	0.1%	0.1%
CRUS	C	0.22%	0.2%	0.2%
CSL	C	0.61%	0.55%	0.55%
CTLT	A	0.15%	0.29%	0.15%
CUZ	A	0.11%	0.09%	0.09%
CWEN	A	0.02%	0.02%	0.02%
CWEN	A	0.07%	0.06%	0.06%
CWEN	A	0.02%	0.06%	0.02%
CWEN	A	0.07%	0.02%	0.02%
DCI	B	0.27%	0.24%	0.24%
DDS	F	0.04%	0.05%	0.04%
DINO	D	0.28%	0.22%	0.22%
DJT	F	0.01%	0.04%	0.01%
DKS	D	0.27%	0.32%	0.27%
DNB	C	0.1%	0.08%	0.08%
DTM	A	0.22%	0.2%	0.2%
DVA	D	0.21%	0.19%	0.19%
DXC	C	0.11%	0.09%	0.09%
EDR	A	0.06%	0.14%	0.06%
EGP	A	0.26%	0.25%	0.25%
EHC	A	0.27%	0.23%	0.23%
ELAN	D	0.23%	0.17%	0.17%
EME	D	0.55%	0.48%	0.48%
ENOV	C	0.08%	0.07%	0.07%
ENS	B	0.13%	0.12%	0.12%
EPR	B	0.1%	0.09%	0.09%
ESAB	C	0.17%	0.16%	0.16%
ESGR	B	0.12%	0.1%	0.1%
ESI	C	0.19%	0.17%	0.17%
ESNT	B	0.18%	0.18%	0.18%
EVR	B	0.23%	0.24%	0.23%
FAF	B	0.17%	0.16%	0.16%
FCN	C	0.24%	0.22%	0.22%
FFIN	C	0.11%	0.14%	0.11%
FHI	C	0.08%	0.08%	0.08%
FHN	C	0.27%	0.24%	0.24%
FLO	C	0.13%	0.12%	0.12%
FLR	C	0.24%	0.22%	0.22%
FLS	B	0.2%	0.18%	0.18%
FMC	B	0.23%	0.2%	0.2%
FNB	B	0.16%	0.14%	0.14%
FR	A	0.2%	0.18%	0.18%
FRT	A	0.27%	0.25%	0.25%
FUL	B	0.13%	0.12%	0.12%
FYBR	A	0.21%	0.13%	0.13%
G	B	0.18%	0.14%	0.14%
GATX	C	0.15%	0.14%	0.14%
GBCI	C	0.13%	0.14%	0.13%
GEF	B	0.0%	0.04%	0.0%
GEF	B	0.04%	0.04%	0.04%
GL	C	0.24%	0.22%	0.22%
GLPI	B	0.37%	0.34%	0.34%
GME	D	0.25%	0.26%	0.25%
GOLF	B	0.06%	0.06%	0.06%
GPI	B	0.12%	0.11%	0.11%
GPK	B	0.26%	0.23%	0.23%
GPS	D	0.18%	0.13%	0.13%
GT	F	0.1%	0.09%	0.09%
GTES	B	0.11%	0.09%	0.09%
HAS	B	0.25%	0.21%	0.21%
HI	D	0.09%	0.08%	0.08%
HL	C	0.09%	0.09%	0.09%
HOG	B	0.13%	0.13%	0.13%
HOMB	B	0.14%	0.15%	0.14%
HP	C	0.05%	0.1%	0.05%
HRB	A	0.24%	0.22%	0.22%
HSIC	B	0.26%	0.25%	0.25%
HUN	D	0.12%	0.1%	0.1%
HWC	C	0.13%	0.13%	0.13%
IAC	C	0.11%	0.11%	0.11%
IDA	A	0.15%	0.13%	0.13%
IMVT	C	0.06%	0.05%	0.05%
INFA	D	0.06%	0.09%	0.06%
INGR	A	0.24%	0.21%	0.21%
IPGP	F	0.07%	0.07%	0.07%
ITT	B	0.34%	0.31%	0.31%
IVZ	B	0.2%	0.15%	0.15%
JAZZ	C	0.2%	0.19%	0.19%
JBL	F	0.4%	0.36%	0.36%
JEF	B	0.23%	0.24%	0.23%
JHG	B	0.14%	0.13%	0.13%
JLL	B	0.31%	0.3%	0.3%
JXN	B	0.18%	0.16%	0.16%
KBH	B	0.14%	0.15%	0.14%
KBR	B	0.27%	0.25%	0.25%
KD	C	0.19%	0.17%	0.17%
KEX	C	0.22%	0.2%	0.2%
KMPR	B	0.12%	0.11%	0.11%
KNX	B	0.24%	0.2%	0.2%
KRC	C	0.12%	0.11%	0.11%
LAD	B	0.22%	0.19%	0.19%
LAMR	B	0.17%	0.29%	0.17%
LEA	C	0.21%	0.18%	0.18%
LITE	C	0.05%	0.1%	0.05%
LNC	B	0.17%	0.15%	0.15%
LPX	B	0.17%	0.16%	0.16%
LSXMK	D	0.08%	0.09%	0.08%
LYFT	F	0.15%	0.12%	0.12%
M	D	0.17%	0.12%	0.12%
MAN	B	0.11%	0.09%	0.09%
MAT	B	0.18%	0.17%	0.17%
MDGL	C	0.16%	0.12%	0.12%
MDU	B	0.16%	0.14%	0.14%
MHK	B	0.2%	0.18%	0.18%
MIDD	B	0.1%	0.19%	0.1%
MKSI	D	0.28%	0.21%	0.21%
MLI	B	0.2%	0.19%	0.19%
MPW	D	0.08%	0.08%	0.08%
MSA	C	0.22%	0.2%	0.2%
MSM	C	0.11%	0.1%	0.1%
MTG	B	0.18%	0.17%	0.17%
MTH	B	0.18%	0.19%	0.18%
MTZ	D	0.11%	0.18%	0.11%
MUR	F	0.19%	0.17%	0.17%
MUSA	A	0.28%	0.28%	0.28%
NCLH	D	0.13%	0.23%	0.13%
NFG	A	0.16%	0.15%	0.15%
NJR	A	0.13%	0.12%	0.12%
NNN	A	0.25%	0.23%	0.23%
NSIT	C	0.21%	0.16%	0.16%
NSP	C	0.1%	0.1%	0.1%
NVST	F	0.09%	0.08%	0.08%
NVT	D	0.4%	0.35%	0.35%
NWE	B	0.1%	0.08%	0.08%
NWL	B	0.08%	0.07%	0.07%
NXST	B	0.16%	0.15%	0.15%
NYT	B	0.25%	0.23%	0.23%
OGE	A	0.23%	0.2%	0.2%
OGN	B	0.17%	0.15%	0.15%
OGS	B	0.11%	0.1%	0.1%
OHI	A	0.27%	0.24%	0.24%
OLN	F	0.18%	0.16%	0.16%
OMF	C	0.18%	0.16%	0.16%
ONB	B	0.17%	0.17%	0.17%
ORI	A	0.24%	0.22%	0.22%
OSK	D	0.23%	0.19%	0.19%
OTTR	B	0.12%	0.11%	0.11%
OVV	F	0.4%	0.34%	0.34%
OZK	C	0.15%	0.13%	0.13%
PAG	B	0.1%	0.08%	0.08%
PARA	D	0.18%	0.18%	0.18%
PB	B	0.18%	0.18%	0.18%
PBF	F	0.15%	0.11%	0.11%
PBH	B	0.11%	0.1%	0.1%
PCH	C	0.1%	0.09%	0.09%
PECO	B	0.06%	0.12%	0.06%
PENN	D	0.09%	0.07%	0.07%
PFGC	D	0.33%	0.28%	0.28%
PFSI	C	0.08%	0.08%	0.08%
PII	D	0.13%	0.12%	0.12%
PINC	B	0.06%	0.06%	0.06%
PNFP	B	0.09%	0.2%	0.09%
PNM	A	0.11%	0.1%	0.1%
PNW	A	0.28%	0.25%	0.25%
POR	A	0.14%	0.13%	0.13%
POST	A	0.08%	0.16%	0.08%
PPC	B	0.04%	0.05%	0.04%
PR	F	0.12%	0.22%	0.12%
PRGO	C	0.11%	0.1%	0.1%
PRI	A	0.26%	0.23%	0.23%
PSN	B	0.12%	0.1%	0.1%
PTEN	D	0.13%	0.1%	0.1%
PVH	F	0.19%	0.16%	0.16%
PWSC	B	0.04%	0.03%	0.03%
R	B	0.16%	0.16%	0.16%
RDN	B	0.15%	0.15%	0.15%
REYN	C	0.05%	0.04%	0.04%
RHI	F	0.2%	0.19%	0.19%
RIVN	C	0.34%	0.34%	0.34%
RL	D	0.2%	0.18%	0.18%
RLI	A	0.19%	0.15%	0.15%
RNR	A	0.38%	0.32%	0.32%
RPM	B	0.44%	0.4%	0.4%
RRC	F	0.25%	0.22%	0.22%
RRX	B	0.29%	0.27%	0.27%
RS	C	0.52%	0.47%	0.47%
RUSHA	A	0.08%	0.08%	0.08%
RUSHB	B	0.01%	0.01%	0.01%
RYN	B	0.14%	0.11%	0.11%
SAIC	C	0.19%	0.17%	0.17%
SANM	B	0.11%	0.11%	0.11%
SCI	B	0.31%	0.3%	0.3%
SEB	D	0.02%	0.02%	0.02%
SEE	B	0.16%	0.14%	0.14%
SEIC	B	0.24%	0.2%	0.2%
SEM	B	0.12%	0.11%	0.11%
SF	B	0.26%	0.22%	0.22%
SFM	A	0.27%	0.23%	0.23%
SIG	F	0.12%	0.1%	0.1%
SIGI	D	0.18%	0.14%	0.14%
SLGN	A	0.11%	0.1%	0.1%
SLM	C	0.15%	0.14%	0.14%
SM	D	0.08%	0.14%	0.08%
SMG	B	0.09%	0.08%	0.08%
SNV	B	0.18%	0.18%	0.18%
SNX	D	0.24%	0.16%	0.16%
SOLV	B	0.23%	0.2%	0.2%
SON	D	0.16%	0.14%	0.14%
SPR	B	0.06%	0.11%	0.06%
SR	B	0.1%	0.1%	0.1%
SRCL	A	0.17%	0.15%	0.15%
SRCL	A	0.01%	0.15%	0.01%
SSB	B	0.19%	0.19%	0.19%
ST	D	0.18%	0.16%	0.16%
STAG	A	0.21%	0.2%	0.2%
STWD	B	0.18%	0.16%	0.16%
SUM	B	0.14%	0.13%	0.13%
SWN	F	0.24%	0.2%	0.2%
SWX	B	0.15%	0.11%	0.11%
SXT	C	0.1%	0.09%	0.09%
SYNA	F	0.11%	0.1%	0.1%
TDC	F	0.11%	0.08%	0.08%
TEX	C	0.11%	0.11%	0.11%
THC	B	0.41%	0.35%	0.35%
THG	A	0.13%	0.13%	0.13%
THO	C	0.15%	0.14%	0.14%
TKR	B	0.16%	0.15%	0.15%
TMHC	B	0.18%	0.18%	0.18%
TNL	C	0.1%	0.09%	0.09%
TOL	B	0.38%	0.38%	0.38%
TPR	D	0.31%	0.26%	0.26%
TTEK	A	0.35%	0.3%	0.3%
UA	D	0.04%	0.03%	0.03%
UAA	D	0.04%	0.03%	0.03%
UBSI	B	0.14%	0.14%	0.14%
UFPI	B	0.21%	0.21%	0.21%
UGI	A	0.16%	0.14%	0.14%
UHAL	B	0.02%	0.17%	0.02%
UHAL	B	0.19%	0.01%	0.01%
UHAL	B	0.02%	0.01%	0.01%
UHAL	B	0.19%	0.17%	0.17%
UMBF	B	0.1%	0.12%	0.1%
UNM	A	0.26%	0.26%	0.26%
USFD	C	0.41%	0.33%	0.33%
UTHR	B	0.45%	0.35%	0.35%
VAC	F	0.09%	0.07%	0.07%
VFC	B	0.15%	0.15%	0.15%
VLY	C	0.1%	0.1%	0.1%
VMI	B	0.18%	0.15%	0.15%
VNT	F	0.19%	0.17%	0.17%
VOYA	F	0.23%	0.2%	0.2%
VVV	B	0.18%	0.16%	0.16%
WAL	C	0.21%	0.23%	0.21%
WBS	C	0.24%	0.23%	0.23%
WCC	F	0.26%	0.21%	0.21%
WEN	C	0.09%	0.08%	0.08%
WHR	C	0.18%	0.16%	0.16%
WOR	F	0.05%	0.04%	0.04%
WSM	C	0.46%	0.5%	0.46%
WTFC	C	0.19%	0.18%	0.18%
WTM	C	0.14%	0.12%	0.12%
WTRG	A	0.29%	0.28%	0.28%
WTS	B	0.16%	0.15%	0.15%
WU	D	0.13%	0.12%	0.12%
X	B	0.24%	0.23%	0.23%
XPO	B	0.19%	0.36%	0.19%
XRAY	C	0.16%	0.15%	0.15%
ZION	C	0.2%	0.2%	0.2%
ZWS	C	0.13%	0.12%	0.12%

VBR Overweight 464 Positions Relative to BBMC

Symbol	Grade	Weight
BAH	D	0.63%
FCNCA	B	0.58%
BLDR	C	0.54%
NRG	D	0.52%
ATO	A	0.52%
OC	B	0.48%
BG	C	0.48%
IEX	D	0.48%
RGA	A	0.43%
KIM	A	0.42%
EQH	B	0.42%
WRK	C	0.41%
PNR	B	0.4%
JNPR	A	0.38%
REG	A	0.37%
KMX	C	0.37%
EMN	B	0.37%
CPT	A	0.37%
APA	C	0.35%
IPG	B	0.35%
ALLE	B	0.33%
UHS	A	0.33%
TFX	B	0.32%
FFIV	B	0.32%
EWBC	C	0.32%
BRO	A	0.32%
STLD	C	0.31%
HII	C	0.31%
HUBB	C	0.31%
LDOS	C	0.31%
MOS	D	0.3%
CG	B	0.3%
CCK	B	0.29%
TAP	C	0.29%
BXP	B	0.28%
AFG	B	0.28%
Z	D	0.23%
ACI	F	0.22%
DOC	A	0.22%
NI	A	0.21%
AES	D	0.2%
LKQ	F	0.18%
QRVO	C	0.18%
EVRG	A	0.18%
ETRN	D	0.17%
SJM	B	0.17%
EPAM	C	0.16%
BCC	C	0.15%
MOG.A	B	0.15%
MATX	B	0.14%
BCO	B	0.14%
WIRE	A	0.14%
VNO	B	0.14%
KNF	C	0.13%
KTB	A	0.12%
SLG	B	0.12%
PIPR	B	0.12%
ITGR	C	0.12%
ABCB	C	0.11%
MAC	C	0.11%
TPH	C	0.11%
HASI	B	0.11%
KFY	B	0.11%
AEO	D	0.11%
CNX	B	0.11%
SBRA	B	0.11%
BNL	B	0.1%
PK	F	0.1%
AMED	A	0.1%
AROC	C	0.1%
BGC	C	0.1%
ASB	C	0.1%
UCBI	B	0.1%
NPO	C	0.1%
RXO	B	0.1%
IOSP	C	0.1%
FULT	C	0.1%
SKYW	C	0.1%
WD	C	0.1%
ABM	A	0.1%
IBOC	C	0.1%
GMS	C	0.1%
EAT	D	0.1%
TPG	B	0.1%
HCC	C	0.1%
URBN	C	0.09%
MTX	D	0.09%
MGEE	A	0.09%
ESE	B	0.09%
REZI	C	0.09%
SITC	B	0.09%
GVA	B	0.09%
APAM	C	0.09%
ICUI	B	0.09%
BRC	A	0.09%
AX	C	0.09%
HIW	A	0.09%
VSH	C	0.09%
WLK	D	0.09%
NHI	A	0.09%
WSFS	C	0.09%
PLXS	B	0.09%
GFF	C	0.09%
CNO	B	0.09%
TCBI	C	0.09%
FBP	B	0.09%
NUVL	C	0.09%
AUB	C	0.09%
SKT	A	0.09%
TGNA	C	0.08%
KRYS	C	0.08%
NYCB	F	0.08%
SPB	D	0.08%
CNK	B	0.08%
ARCB	B	0.08%
KSS	D	0.08%
ATGE	B	0.08%
AIR	F	0.08%
TRN	A	0.08%
STRA	D	0.08%
FIBK	C	0.08%
CBU	B	0.08%
HUBG	B	0.08%
ZD	F	0.08%
PRIM	B	0.08%
LXP	B	0.08%
ABR	D	0.08%
UNF	A	0.08%
CATY	C	0.08%
MGRC	D	0.08%
AIN	C	0.08%
ARCH	F	0.08%
GNW	B	0.08%
FHB	C	0.08%
INDB	C	0.07%
PRK	C	0.07%
JWN	B	0.07%
FTRE	C	0.07%
SFNC	C	0.07%
MYGN	B	0.07%
ENR	C	0.07%
SATS	B	0.07%
SHO	D	0.07%
AUR	C	0.07%
EVTC	C	0.07%
CRI	F	0.07%
WERN	B	0.07%
GHC	C	0.07%
AZZ	C	0.07%
BKU	B	0.07%
UE	B	0.07%
LAUR	B	0.07%
RNG	C	0.07%
HELE	F	0.07%
PPBI	C	0.07%
EBC	C	0.07%
OSIS	B	0.07%
DEI	B	0.07%
MTRN	C	0.07%
CWK	C	0.07%
BOH	C	0.07%
CVBF	C	0.07%
WAFD	B	0.07%
DY	B	0.07%
PRGS	B	0.07%
FL	B	0.07%
NBTB	C	0.06%
OI	C	0.06%
THS	B	0.06%
OFG	C	0.06%
PFS	C	0.06%
COMP	C	0.06%
CTRE	A	0.06%
TOWN	B	0.06%
SCL	D	0.06%
KAR	B	0.06%
PHIN	B	0.06%
CAKE	D	0.06%
AKR	B	0.06%
KMT	C	0.06%
TROX	D	0.06%
GEO	C	0.06%
TDS	B	0.06%
TTMI	C	0.06%
VIRT	C	0.06%
VRNT	C	0.06%
MLKN	B	0.06%
SXI	B	0.06%
AMN	B	0.06%
PDCO	C	0.06%
NATL	C	0.06%
FRME	C	0.06%
IART	F	0.06%
JBLU	C	0.06%
EQC	A	0.06%
JOBY	D	0.06%
GO	F	0.06%
PSMT	B	0.06%
EPC	C	0.06%
B	C	0.06%
MC	C	0.06%
MIR	C	0.06%
FFBC	C	0.06%
OUT	B	0.06%
CDE	C	0.06%
IOVA	D	0.06%
HNI	B	0.06%
NHC	B	0.05%
PRG	B	0.05%
HTH	C	0.05%
LGND	B	0.05%
VSAT	C	0.05%
LRN	A	0.05%
LEG	D	0.05%
GBX	C	0.05%
DNOW	B	0.05%
NWBI	B	0.05%
IDCC	A	0.05%
MCY	A	0.05%
KN	C	0.05%
SHOO	C	0.05%
NBHC	C	0.05%
OXM	D	0.05%
CHCO	B	0.05%
LTC	B	0.05%
ROIC	B	0.05%
DK	D	0.05%
VRTS	D	0.05%
VIAV	D	0.05%
SFBS	B	0.05%
WSBC	C	0.05%
DAN	D	0.05%
NGVT	F	0.05%
LZB	B	0.05%
BANF	B	0.05%
IVT	A	0.05%
IBTX	C	0.05%
ANDE	C	0.05%
VSTS	C	0.05%
ZG	D	0.05%
RNST	C	0.05%
HBI	B	0.05%
TRMK	C	0.05%
CENTA	D	0.05%
BLMN	C	0.05%
WLY	B	0.05%
HURN	A	0.05%
DRH	F	0.05%
GNL	C	0.05%
BANR	C	0.05%
HAYW	B	0.05%
LGF.A	D	0.04%
SBH	D	0.04%
LUMN	B	0.04%
UVV	C	0.04%
BKE	B	0.04%
NAVI	C	0.04%
SPNT	A	0.04%
KFRC	C	0.04%
JELD	C	0.04%
CSGS	C	0.04%
WS	C	0.04%
DBRG	D	0.04%
CRGY	D	0.04%
PMT	C	0.04%
STBA	B	0.04%
REVG	B	0.04%
WABC	C	0.04%
HOPE	B	0.04%
ALEX	A	0.04%
ESRT	B	0.04%
CARS	B	0.04%
NTCT	C	0.04%
OMCL	C	0.04%
BKD	B	0.04%
XRX	F	0.04%
LADR	B	0.04%
GTY	B	0.04%
NMRK	B	0.04%
HMN	C	0.04%
CODI	C	0.04%
ODP	D	0.04%
KALU	F	0.04%
FCF	C	0.04%
BHE	B	0.04%
STEP	B	0.04%
HEES	C	0.04%
CXW	D	0.04%
NWN	A	0.04%
VSCO	F	0.04%
INSW	D	0.04%
APOG	B	0.04%
ARI	C	0.04%
RRR	C	0.04%
SUPN	C	0.04%
JBGS	C	0.04%
VGR	A	0.04%
PUMP	C	0.03%
HLIO	F	0.03%
CABO	C	0.03%
HTLF	C	0.03%
SIRI	D	0.03%
FA	B	0.03%
DNUT	F	0.03%
RBRK	C	0.03%
SMR	D	0.03%
PEB	F	0.03%
FDP	B	0.03%
SVC	D	0.03%
RWT	C	0.03%
PBI	C	0.03%
ATSG	C	0.03%
INVA	A	0.03%
MATV	B	0.03%
AMRX	C	0.03%
LC	B	0.03%
SNDR	B	0.03%
LEVI	F	0.03%
PDM	A	0.03%
AVNS	B	0.03%
NX	C	0.03%
WNC	F	0.03%
CBRL	D	0.03%
ECPG	C	0.03%
CVI	D	0.03%
ECVT	F	0.03%
CMTG	D	0.03%
MSGE	C	0.03%
ETWO	C	0.03%
CNNE	C	0.03%
OMI	C	0.03%
SCSC	C	0.03%
HLF	D	0.03%
BHLB	B	0.03%
VSTO	A	0.03%
DLX	C	0.03%
HE	C	0.03%
BMBL	F	0.03%
CSR	A	0.03%
WMK	A	0.03%
AAT	B	0.03%
NWLI	A	0.03%
WWW	B	0.03%
EYE	D	0.03%
GIII	D	0.03%
THR	C	0.03%
TRS	D	0.03%
MRC	B	0.03%
SAFT	B	0.03%
AIV	A	0.03%
EIG	B	0.03%
VCTR	C	0.03%
SCS	B	0.03%
CLB	C	0.02%
JACK	C	0.02%
NABL	D	0.02%
NUS	F	0.02%
CNDT	B	0.02%
USNA	F	0.02%
DIN	F	0.02%
HTLD	C	0.02%
AMBC	F	0.02%
CAL	B	0.02%
TMP	C	0.02%
FOR	F	0.02%
LGF.A	D	0.02%
GES	C	0.02%
VREX	F	0.02%
BGS	D	0.02%
SWI	D	0.02%
CFFN	C	0.02%
HAIN	C	0.02%
AMWD	B	0.02%
PRA	D	0.02%
PCRX	F	0.02%
MD	C	0.02%
KELYA	C	0.02%
UNIT	C	0.02%
ASTE	D	0.02%
MNRO	B	0.02%
HPP	C	0.02%
SCHL	F	0.02%
HY	B	0.02%
BASE	F	0.02%
BRKL	C	0.02%
SAH	B	0.02%
FG	C	0.02%
EMBC	C	0.02%
RGR	C	0.02%
USM	B	0.02%
MATW	C	0.02%
MMI	B	0.02%
XHR	D	0.02%
BDN	B	0.02%
CGON	D	0.02%
PRAA	C	0.02%
AMC	D	0.02%
UNFI	C	0.02%
KOP	F	0.02%
BRSP	D	0.02%
MXL	F	0.02%
BV	A	0.02%
RKLB	C	0.02%
PZZA	F	0.02%
NNI	B	0.02%
HCSG	C	0.02%
AXL	F	0.02%
PRLB	C	0.02%
MEI	D	0.01%
PACB	D	0.01%
UFCS	C	0.01%
RDUS	D	0.01%
NPK	C	0.01%
FWRD	D	0.01%
ALX	B	0.01%
ZIP	F	0.01%
WOOF	D	0.01%
VMEO	D	0.01%
TRTX	C	0.01%
EGBN	D	0.01%
CRCT	C	0.01%
TWKS	C	0.01%
KRO	D	0.01%
TGI	C	0.01%
AMCX	F	0.01%
EE	B	0.01%
INN	B	0.01%
SWBI	B	0.01%
BRCC	D	0.01%
CENT	D	0.01%
RMR	C	0.01%
NVRI	A	0.01%
WRLD	D	0.01%
CWH	C	0.01%
NAPA	F	0.01%
HTZ	F	0.01%
GRC	B	0.01%
BJRI	F	0.01%
AMK	B	0.01%
CLBK	B	0.01%
PTVE	D	0.01%
TILE	C	0.01%
GCMG	B	0.01%
SMMT	B	0.01%
CCO	C	0.01%
DAWN	C	0.01%
CMP	D	0.01%
UDMY	D	0.01%
KREF	B	0.01%
BFS	A	0.01%
ATUS	F	0.01%
SSP	D	0.0%
SCWX	B	0.0%
AC	B	0.0%
TTEC	D	0.0%
CRNC	F	0.0%
SAVE	F	0.0%
LDI	D	0.0%
ACDC	C	0.0%
UHT	B	0.0%
DBI	D	0.0%
OPK	C	0.0%
CHGG	F	0.0%
OLPX	C	0.0%

VBR Underweight 242 Positions Relative to BBMC

Symbol	Grade	Weight
MSTR	C	-0.75%
PSTG	D	-0.51%
DKNG	F	-0.48%
APP	D	-0.47%
BLD	C	-0.39%
MANH	B	-0.38%
GGG	C	-0.38%
CASY	B	-0.38%
SRPT	C	-0.36%
TW	A	-0.35%
NTRA	D	-0.35%
SAIA	F	-0.35%
IBKR	D	-0.35%
CVNA	B	-0.35%
NTNX	F	-0.33%
HOOD	D	-0.33%
GWRE	B	-0.33%
WMS	C	-0.33%
NDSN	C	-0.33%
TXRH	A	-0.32%
LECO	C	-0.32%
AMH	C	-0.32%
CLH	A	-0.32%
TOST	C	-0.31%
WING	D	-0.31%
FIX	C	-0.31%
MEDP	D	-0.3%
OLED	C	-0.29%
AOS	C	-0.29%
CW	A	-0.29%
CUBE	B	-0.29%
WWD	D	-0.28%
ONTO	F	-0.28%
CHDN	B	-0.27%
FND	F	-0.27%
TTC	C	-0.27%
REXR	B	-0.27%
CNM	C	-0.26%
BWXT	C	-0.26%
GNRC	C	-0.26%
WFRD	C	-0.26%
ERIE	A	-0.26%
ESTC	C	-0.26%
RGLD	A	-0.25%
MTCH	B	-0.25%
LNW	A	-0.25%
TPX	C	-0.24%
TREX	D	-0.24%
FN	D	-0.24%
OWL	C	-0.24%
ELF	D	-0.24%
PCVX	C	-0.23%
RBC	B	-0.23%
MKTX	C	-0.23%
SKX	D	-0.23%
CROX	D	-0.22%
EXP	B	-0.22%
WSC	C	-0.22%
LSCC	F	-0.22%
CHE	B	-0.22%
MORN	B	-0.22%
CGNX	D	-0.22%
KNSL	B	-0.22%
GMED	B	-0.22%
SPSC	B	-0.21%
CZR	D	-0.21%
HLI	B	-0.21%
CELH	F	-0.21%
ENSG	B	-0.21%
SSD	C	-0.21%
WEX	D	-0.21%
GNTX	F	-0.21%
SOFI	D	-0.21%
LNTH	C	-0.21%
BPMC	C	-0.2%
IOT	C	-0.2%
CIEN	B	-0.2%
ETSY	D	-0.2%
ATI	B	-0.2%
NOV	B	-0.2%
MTDR	D	-0.2%
ROKU	D	-0.2%
TKO	C	-0.2%
ITCI	B	-0.2%
COLD	B	-0.2%
MTN	D	-0.19%
ALV	D	-0.19%
IONS	B	-0.19%
HALO	B	-0.19%
GTLS	C	-0.19%
PEN	F	-0.19%
HQY	D	-0.18%
GXO	C	-0.18%
TRNO	A	-0.18%
DUOL	F	-0.18%
EXEL	A	-0.18%
BRBR	D	-0.18%
LFUS	B	-0.18%
PLNT	C	-0.18%
CHX	C	-0.18%
AZEK	D	-0.18%
LSTR	B	-0.18%
SMAR	B	-0.18%
RVMD	B	-0.18%
AFRM	F	-0.18%
H	C	-0.18%
RGEN	B	-0.18%
RMBS	F	-0.18%
BFAM	B	-0.18%
AAON	C	-0.17%
LBRDK	B	-0.17%
PCOR	C	-0.17%
MTSI	D	-0.17%
OLLI	B	-0.17%
CWST	B	-0.17%
CYTK	D	-0.17%
SITE	C	-0.17%
GTLB	D	-0.17%
S	C	-0.17%
PCTY	C	-0.17%
NOVT	C	-0.17%
RYAN	A	-0.16%
CFLT	F	-0.16%
FSS	B	-0.16%
IBP	C	-0.16%
BMI	B	-0.16%
RHP	C	-0.16%
DAR	C	-0.16%
BRKR	D	-0.16%
WH	C	-0.16%
HXL	D	-0.15%
EXPO	B	-0.15%
VKTX	D	-0.15%
EPRT	B	-0.15%
OPCH	C	-0.15%
FRPT	D	-0.15%
PATH	F	-0.15%
EXLS	C	-0.15%
DBX	D	-0.15%
MMS	B	-0.15%
AWI	B	-0.15%
BCPC	B	-0.15%
CIVI	D	-0.14%
ALTR	D	-0.14%
TENB	D	-0.14%
KRG	A	-0.14%
COKE	A	-0.14%
QLYS	D	-0.14%
BILL	F	-0.14%
DLB	F	-0.13%
CRSP	F	-0.13%
MASI	F	-0.13%
VAL	C	-0.13%
MMSI	B	-0.13%
IRT	A	-0.12%
FIVE	F	-0.12%
WMG	F	-0.12%
SKY	C	-0.12%
ACLS	F	-0.12%
EEFT	F	-0.12%
HAE	C	-0.12%
MGY	C	-0.12%
NEU	B	-0.11%
BOX	B	-0.11%
RIG	D	-0.11%
ORA	A	-0.11%
BYD	C	-0.11%
FOUR	F	-0.11%
ALKS	B	-0.11%
FELE	B	-0.11%
INSP	F	-0.11%
AEIS	C	-0.11%
LOPE	A	-0.11%
POWI	F	-0.11%
CHH	B	-0.1%
DOCS	C	-0.1%
NEOG	B	-0.1%
WK	F	-0.1%
SLAB	F	-0.1%
LANC	B	-0.1%
DIOD	C	-0.1%
HRI	C	-0.1%
RH	B	-0.1%
RARE	C	-0.1%
SMPL	F	-0.09%
FIVN	D	-0.09%
YETI	D	-0.09%
ENV	D	-0.09%
ZI	F	-0.09%
HGV	D	-0.09%
JBT	D	-0.09%
MSGS	B	-0.09%
CERE	A	-0.09%
ARWR	D	-0.09%
AXSM	B	-0.09%
TNET	D	-0.09%
BE	D	-0.08%
CCOI	B	-0.08%
IRDM	C	-0.08%
DV	C	-0.08%
CWT	A	-0.08%
VC	C	-0.08%
APLS	F	-0.08%
NSA	C	-0.08%
IRTC	F	-0.08%
LCID	D	-0.08%
PEGA	B	-0.07%
KWR	C	-0.07%
WOLF	F	-0.07%
JJSF	B	-0.07%
SAM	F	-0.07%
COLM	D	-0.07%
CRVL	B	-0.07%
FOLD	C	-0.07%
RCM	B	-0.06%
CNS	B	-0.06%
CLVT	D	-0.06%
SGRY	B	-0.06%
ACAD	C	-0.06%
HHH	C	-0.06%
MODG	C	-0.06%
ADNT	F	-0.06%
EVH	C	-0.06%
IPAR	B	-0.06%
PGNY	D	-0.06%
NFE	F	-0.06%
ALGM	F	-0.06%
BL	F	-0.06%
SHC	B	-0.05%
FLYW	D	-0.05%
TXG	F	-0.05%
MP	F	-0.04%
FRHC	C	-0.04%
SEDG	F	-0.04%
CRK	F	-0.03%
LBRDA	B	-0.03%
PYCR	D	-0.03%
FIZZ	C	-0.03%
LTH	B	-0.03%
PLTK	F	-0.02%
TFSL	C	-0.02%
INST	D	-0.01%