VBR vs. BKMC ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to BNY Mellon US Mid Cap Core Equity ETF (BKMC)

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

BKMC

BNY Mellon US Mid Cap Core Equity ETF

BKMC Description

The investment seeks to track the performance of the MorningstarÂ® US Mid Cap IndexSM. Under normal circumstances, the fund generally invests in all of the stocks in the index in proportion to their weighting in the index. The index is a float-adjusted market capitalization weighted index designed to measure the performance of U.S. medium-capitalization stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$107.27

Average Daily Volume

10,100

Number of Holdings ^*

381

* may have additional holdings in another (foreign) market

Performance

Period	VBR	BKMC
30 Days	5.18%	4.41%
60 Days	8.51%	9.15%
90 Days	12.95%	13.16%
12 Months	38.40%	36.53%

205 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in BKMC	Overlap
AA	C	0.29%	0.2%	0.2%
AAL	B	0.21%	0.21%	0.21%
ACHC	F	0.16%	0.16%	0.16%
ACI	C	0.17%	0.22%	0.17%
ACM	B	0.4%	0.4%	0.4%
ADC	B	0.22%	0.22%	0.22%
ADTN	B	0.08%	0.08%	0.08%
AES	F	0.41%	0.41%	0.41%
AFG	B	0.29%	0.28%	0.28%
AGCO	F	0.18%	0.17%	0.17%
AGNC	D	0.24%	0.22%	0.22%
AIT	A	0.25%	0.24%	0.24%
AIZ	A	0.3%	0.29%	0.29%
ALB	C	0.16%	0.32%	0.16%
ALLE	D	0.37%	0.37%	0.37%
ALLY	C	0.28%	0.27%	0.27%
ALSN	B	0.24%	0.24%	0.24%
AM	B	0.15%	0.15%	0.15%
AMKR	F	0.1%	0.1%	0.1%
AN	D	0.17%	0.14%	0.14%
ANF	D	0.21%	0.19%	0.19%
APA	F	0.26%	0.25%	0.25%
APG	B	0.24%	0.19%	0.19%
AR	B	0.12%	0.24%	0.12%
ARMK	C	0.29%	0.28%	0.28%
ARW	F	0.2%	0.2%	0.2%
ATR	A	0.31%	0.3%	0.3%
AXS	B	0.17%	0.17%	0.17%
AXTA	B	0.23%	0.23%	0.23%
AYI	A	0.24%	0.24%	0.24%
BBWI	C	0.2%	0.2%	0.2%
BEN	C	0.09%	0.18%	0.09%
BERY	C	0.21%	0.22%	0.21%
BIO	C	0.19%	0.19%	0.19%
BJ	B	0.32%	0.31%	0.31%
BOKF	B	0.07%	0.07%	0.07%
BPOP	C	0.21%	0.2%	0.2%
BRX	B	0.24%	0.24%	0.24%
BWA	B	0.24%	0.24%	0.24%
CACI	B	0.32%	0.32%	0.32%
CBSH	A	0.2%	0.2%	0.2%
CCK	B	0.33%	0.33%	0.33%
CFR	B	0.19%	0.19%	0.19%
CG	B	0.29%	0.27%	0.27%
CHRD	F	0.23%	0.23%	0.23%
CHRW	B	0.35%	0.36%	0.35%
CLF	D	0.17%	0.17%	0.17%
CMA	B	0.23%	0.23%	0.23%
CMC	B	0.18%	0.18%	0.18%
COHR	B	0.2%	0.33%	0.2%
COTY	F	0.09%	0.1%	0.09%
CPRI	F	0.14%	0.14%	0.14%
CPT	D	0.38%	0.38%	0.38%
CR	B	0.22%	0.22%	0.22%
CRUS	F	0.19%	0.19%	0.19%
DCI	A	0.26%	0.25%	0.25%
DDS	C	0.05%	0.09%	0.05%
DINO	D	0.21%	0.2%	0.2%
DJT	D	0.01%	0.03%	0.01%
DKS	D	0.24%	0.34%	0.24%
DTM	A	0.22%	0.22%	0.22%
DVA	C	0.2%	0.25%	0.2%
EGP	D	0.26%	0.25%	0.25%
EHC	B	0.28%	0.27%	0.27%
ELAN	D	0.21%	0.21%	0.21%
EME	B	0.58%	0.58%	0.58%
EMN	D	0.38%	0.38%	0.38%
EPAM	C	0.31%	0.32%	0.31%
EQH	B	0.39%	0.39%	0.39%
ESAB	B	0.18%	0.17%	0.17%
ESI	B	0.17%	0.17%	0.17%
EVR	B	0.27%	0.26%	0.26%
EWBC	A	0.33%	0.33%	0.33%
FAF	D	0.19%	0.19%	0.19%
FBIN	F	0.32%	0.32%	0.32%
FCN	D	0.24%	0.22%	0.22%
FFIV	B	0.37%	0.37%	0.37%
FHN	B	0.24%	0.24%	0.24%
FLR	C	0.24%	0.23%	0.23%
FMC	F	0.24%	0.23%	0.23%
FR	D	0.21%	0.21%	0.21%
FRT	C	0.28%	0.25%	0.25%
G	B	0.2%	0.18%	0.18%
GAP	C	0.15%	0.13%	0.13%
GL	B	0.27%	0.27%	0.27%
GLPI	D	0.39%	0.38%	0.38%
GME	C	0.25%	0.21%	0.21%
GPK	D	0.26%	0.26%	0.26%
HAS	D	0.28%	0.27%	0.27%
HII	D	0.3%	0.29%	0.29%
HRB	D	0.26%	0.25%	0.25%
HSIC	F	0.27%	0.24%	0.24%
INFA	D	0.06%	0.05%	0.05%
INGR	B	0.26%	0.26%	0.26%
IPG	F	0.34%	0.35%	0.34%
ITT	A	0.35%	0.35%	0.35%
IVZ	C	0.22%	0.16%	0.16%
JAZZ	B	0.19%	0.2%	0.19%
JEF	B	0.26%	0.31%	0.26%
JLL	C	0.37%	0.37%	0.37%
JNPR	C	0.37%	0.35%	0.35%
KBR	B	0.25%	0.25%	0.25%
KEX	A	0.2%	0.21%	0.2%
KIM	B	0.45%	0.44%	0.44%
KMX	C	0.35%	0.35%	0.35%
KNX	B	0.24%	0.24%	0.24%
LAD	B	0.24%	0.25%	0.24%
LAMR	D	0.17%	0.33%	0.17%
LEA	F	0.18%	0.18%	0.18%
LEVI	F	0.03%	0.06%	0.03%
LKQ	D	0.3%	0.29%	0.29%
MAT	C	0.19%	0.19%	0.19%
MHK	D	0.25%	0.24%	0.24%
MIDD	C	0.22%	0.21%	0.21%
MKSI	D	0.21%	0.19%	0.19%
MLI	B	0.24%	0.24%	0.24%
MOS	D	0.25%	0.25%	0.25%
MSA	D	0.19%	0.19%	0.19%
MTZ	B	0.11%	0.22%	0.11%
MUR	F	0.14%	0.14%	0.14%
MUSA	B	0.26%	0.27%	0.26%
NCLH	A	0.13%	0.25%	0.13%
NI	A	0.22%	0.45%	0.22%
NNN	F	0.26%	0.25%	0.25%
NRG	B	0.54%	0.54%	0.54%
NVT	B	0.34%	0.33%	0.33%
NXST	C	0.15%	0.15%	0.15%
NYT	C	0.25%	0.24%	0.24%
OC	B	0.44%	0.44%	0.44%
OGE	B	0.24%	0.24%	0.24%
OHI	B	0.3%	0.29%	0.29%
OLN	D	0.16%	0.17%	0.16%
ORI	A	0.24%	0.26%	0.24%
OSK	B	0.19%	0.19%	0.19%
OVV	C	0.29%	0.29%	0.29%
PAG	C	0.09%	0.09%	0.09%
PARA	C	0.16%	0.18%	0.16%
PB	A	0.19%	0.19%	0.19%
PFGC	B	0.35%	0.35%	0.35%
PNFP	B	0.1%	0.21%	0.1%
PNR	B	0.47%	0.46%	0.46%
PNW	B	0.29%	0.29%	0.29%
POST	D	0.08%	0.16%	0.08%
PPC	B	0.05%	0.05%	0.05%
PR	B	0.12%	0.17%	0.12%
PRI	A	0.26%	0.26%	0.26%
PSN	A	0.14%	0.26%	0.14%
PVH	C	0.16%	0.16%	0.16%
QRVO	F	0.28%	0.28%	0.28%
REG	B	0.38%	0.35%	0.35%
REYN	D	0.05%	0.05%	0.05%
RGA	A	0.41%	0.41%	0.41%
RHI	B	0.19%	0.2%	0.19%
RIVN	F	0.14%	0.23%	0.14%
RL	B	0.21%	0.22%	0.21%
RLI	A	0.19%	0.18%	0.18%
RNR	D	0.41%	0.4%	0.4%
RPM	B	0.45%	0.44%	0.44%
RRC	B	0.2%	0.21%	0.2%
RRX	C	0.32%	0.32%	0.32%
SAIC	B	0.21%	0.21%	0.21%
SCI	B	0.31%	0.33%	0.31%
SEIC	A	0.23%	0.2%	0.2%
SF	A	0.26%	0.26%	0.26%
SFM	B	0.32%	0.32%	0.32%
SIGI	B	0.16%	0.16%	0.16%
SJM	F	0.35%	0.36%	0.35%
SNX	C	0.22%	0.26%	0.22%
SOLV	C	0.28%	0.28%	0.28%
SSB	B	0.21%	0.21%	0.21%
ST	F	0.16%	0.15%	0.15%
STAG	F	0.21%	0.2%	0.2%
STWD	D	0.19%	0.17%	0.17%
SUM	B	0.14%	0.13%	0.13%
SWN	C	0.23%	0.22%	0.22%
TAP	B	0.29%	0.29%	0.29%
TFX	F	0.34%	0.33%	0.33%
THC	B	0.46%	0.43%	0.43%
TKR	F	0.15%	0.16%	0.15%
TOL	B	0.46%	0.46%	0.46%
TPG	B	0.14%	0.14%	0.14%
TPR	B	0.31%	0.3%	0.3%
TTEK	C	0.36%	0.36%	0.36%
UFPI	B	0.22%	0.23%	0.22%
UHAL	C	0.02%	0.02%	0.02%
UHAL	C	0.2%	0.21%	0.2%
UHAL	C	0.02%	0.21%	0.02%
UHAL	C	0.2%	0.02%	0.02%
UHS	D	0.37%	0.38%	0.37%
UNM	A	0.25%	0.32%	0.25%
USFD	A	0.43%	0.4%	0.4%
UTHR	B	0.46%	0.42%	0.42%
VOYA	A	0.22%	0.23%	0.22%
WAL	B	0.26%	0.27%	0.26%
WBA	D	0.09%	0.18%	0.09%
WBS	B	0.23%	0.23%	0.23%
WCC	B	0.24%	0.22%	0.22%
WHR	B	0.17%	0.16%	0.16%
WTRG	B	0.27%	0.3%	0.27%
WTS	B	0.16%	0.16%	0.16%
X	B	0.21%	0.22%	0.21%
XPO	B	0.17%	0.35%	0.17%
Z	B	0.28%	0.28%	0.28%
ZG	B	0.06%	0.08%	0.06%
ZION	B	0.2%	0.2%	0.2%

VBR Overweight 594 Positions Relative to BKMC

Symbol	Grade	Weight
SW	C	0.74%
BLDR	D	0.65%
BAH	C	0.61%
CSL	C	0.6%
ATO	A	0.58%
FCNCA	B	0.57%
IEX	B	0.47%
RS	B	0.46%
WSM	F	0.45%
BG	D	0.39%
JBL	B	0.37%
BXP	D	0.33%
HUBB	B	0.33%
LDOS	A	0.32%
STLD	B	0.27%
FYBR	D	0.25%
DOC	C	0.23%
VFC	C	0.22%
VNO	C	0.21%
WTFC	A	0.21%
LUMN	B	0.21%
MTH	D	0.21%
FLS	B	0.2%
LPX	A	0.2%
JXN	B	0.2%
TMHC	C	0.2%
NSIT	F	0.2%
ESNT	D	0.19%
MTG	D	0.19%
EVRG	A	0.19%
SNV	B	0.18%
CBT	B	0.18%
MOG.A	B	0.17%
CADE	B	0.17%
VMI	B	0.17%
ONB	A	0.17%
R	B	0.17%
VVV	B	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%
OMF	B	0.16%
COOP	B	0.16%
SRCL	B	0.16%
ALK	A	0.16%
AMG	C	0.15%
KNF	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%
BECN	B	0.15%
LNC	B	0.15%
SON	F	0.15%
UGI	D	0.15%
GATX	B	0.14%
ABG	B	0.14%
PIPR	B	0.14%
BDC	B	0.14%
AVT	C	0.14%
MATX	B	0.14%
RYN	F	0.14%
THG	A	0.14%
BCO	F	0.14%
JHG	B	0.14%
HOMB	A	0.14%
GPI	B	0.14%
ZWS	B	0.14%
OGN	F	0.14%
POR	D	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%
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%
CNX	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%
WTM	A	0.12%
SLGN	A	0.12%
ASO	F	0.12%
OGS	B	0.12%
ICUI	C	0.12%
SEE	C	0.12%
CRC	B	0.12%
BKH	B	0.12%
FUL	F	0.12%
ESGR	C	0.11%
NHI	C	0.11%
SR	C	0.11%
SMG	C	0.11%
ALE	A	0.11%
EPR	D	0.11%
PLXS	B	0.11%
KMPR	A	0.11%
DXC	B	0.11%
DNB	B	0.11%
MSM	B	0.11%
IAC	F	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%
AGO	B	0.11%
HUN	F	0.11%
HL	D	0.11%
TCBI	A	0.1%
MGEE	A	0.1%
RUSHA	B	0.1%
ABM	B	0.1%
ESE	B	0.1%
HCC	C	0.1%
IBOC	B	0.1%
TEX	C	0.1%
AUB	B	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%
CNO	B	0.1%
HIW	D	0.1%
SANM	B	0.1%
PCH	F	0.1%
GMS	B	0.1%
BNL	D	0.1%
PBH	A	0.1%
PRGO	C	0.1%
SEM	B	0.1%
SKT	A	0.1%
WD	C	0.1%
GNW	A	0.09%
SATS	C	0.09%
FHB	B	0.09%
PRIM	B	0.09%
ALIT	B	0.09%
NSP	F	0.09%
UNF	B	0.09%
PTEN	D	0.09%
WSFS	A	0.09%
WEN	C	0.09%
APAM	B	0.09%
CC	D	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%
GFF	C	0.09%
AWR	B	0.09%
CWK	B	0.09%
AMED	F	0.09%
BTU	C	0.09%
EBC	B	0.09%
BRC	B	0.09%
APLE	B	0.09%
SKYW	B	0.09%
AROC	B	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%
BKU	B	0.08%
CXT	D	0.08%
DY	C	0.08%
BHF	B	0.08%
AIN	D	0.08%
ABR	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%
WLK	F	0.08%
PBF	F	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%
ENR	B	0.07%
SM	C	0.07%
FFBC	B	0.07%
PFS	B	0.07%
PECO	B	0.07%
HAYW	C	0.07%
VAC	B	0.07%
MTRN	B	0.07%
AAP	D	0.07%
AZZ	B	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%
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%
CDE	D	0.07%
MTX	B	0.07%
BOH	B	0.07%
GT	C	0.07%
VIRT	B	0.07%
SPB	A	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%
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%
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%
CENTA	C	0.05%
AMN	F	0.05%
CRGY	B	0.05%
ANDE	D	0.05%
SUPN	B	0.05%
STEP	B	0.05%
CHCO	B	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%
PDCO	D	0.05%
TROX	F	0.05%
WKC	D	0.05%
LEG	F	0.05%
LGND	B	0.05%
MCY	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%
INSW	F	0.04%
AAT	C	0.04%
PMT	F	0.04%
UVV	B	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%
SPNT	C	0.04%
HP	C	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%
HMN	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%
MATV	F	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%
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%
CNNE	B	0.03%
CSR	C	0.03%
ETWO	D	0.03%
AVNS	D	0.03%
KALU	B	0.03%
WMK	B	0.03%
WS	B	0.03%
KFRC	C	0.03%
ACT	D	0.03%
KWR	C	0.03%
FDP	B	0.03%
SCS	C	0.03%
XRX	F	0.03%
OMI	F	0.03%
DK	D	0.03%
SAFT	B	0.03%
BHLB	B	0.03%
AMRX	B	0.03%
GIII	C	0.03%
MYGN	F	0.03%
EIG	B	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%
PUMP	D	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
KOP	D	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%
PRA	B	0.02%
SAH	B	0.02%
HAIN	F	0.02%
WNC	C	0.02%
CVI	F	0.02%
EMBC	B	0.02%
HCSG	B	0.02%
MNRO	B	0.02%
PRAA	C	0.02%
FG	B	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%
DIN	C	0.01%
OLPX	F	0.01%
VREX	C	0.01%
CENT	C	0.01%
TGI	B	0.01%
ALX	D	0.01%
CMP	D	0.01%
AMBC	C	0.01%
TRTX	C	0.01%
SWBI	C	0.01%
KRO	D	0.01%
SRCL	B	0.01%
ZIP	C	0.01%
NAPA	B	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%
EE	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%
CLB	B	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%
ACDC	C	0.0%
LESL	D	0.0%
GEF	A	0.0%

VBR Underweight 178 Positions Relative to BKMC

Symbol	Grade	Weight
TPL	A	-0.58%
PKG	B	-0.55%
MAS	D	-0.52%
BURL	C	-0.49%
YUMC	B	-0.49%
MANH	C	-0.49%
IP	B	-0.48%
TXT	D	-0.48%
FNF	C	-0.46%
PODD	B	-0.46%
KEY	B	-0.45%
GEN	A	-0.44%
NTRA	B	-0.43%
DPZ	C	-0.43%
SNA	A	-0.43%
POOL	D	-0.42%
GGG	B	-0.42%
DT	C	-0.41%
NTNX	B	-0.41%
FIX	B	-0.4%
CASY	A	-0.4%
GWRE	A	-0.4%
WPC	F	-0.39%
UDR	D	-0.39%
FLEX	B	-0.38%
AMH	D	-0.37%
BLD	F	-0.37%
JKHY	C	-0.37%
FND	F	-0.37%
DOCU	A	-0.36%
EXAS	F	-0.36%
TECH	C	-0.36%
CW	B	-0.36%
ELS	C	-0.36%
WING	D	-0.35%
CLH	B	-0.35%
HST	C	-0.35%
TXRH	B	-0.34%
PCVX	D	-0.34%
CUBE	D	-0.34%
SAIA	B	-0.33%
NBIX	C	-0.33%
INSM	D	-0.33%
FTI	B	-0.32%
TWLO	B	-0.31%
LECO	B	-0.31%
REXR	F	-0.31%
CTLT	C	-0.31%
AOS	F	-0.31%
SRPT	F	-0.31%
TOST	A	-0.31%
DUOL	B	-0.3%
QGEN	F	-0.3%
WMS	F	-0.3%
BWXT	A	-0.29%
MTCH	F	-0.29%
AFRM	A	-0.29%
CRL	C	-0.29%
NWSA	B	-0.29%
ONTO	F	-0.29%
KNSL	C	-0.29%
WWD	B	-0.29%
GMED	B	-0.28%
EXP	B	-0.28%
WYNN	F	-0.27%
LW	C	-0.27%
CHDN	C	-0.27%
ROKU	C	-0.27%
GNRC	B	-0.27%
MKTX	C	-0.27%
CIEN	B	-0.26%
TPX	C	-0.26%
SKX	F	-0.26%
TTC	D	-0.26%
RGLD	C	-0.26%
OLED	F	-0.26%
DAY	B	-0.26%
RBC	B	-0.25%
CROX	F	-0.25%
CNH	D	-0.25%
CZR	D	-0.25%
PAYC	B	-0.25%
LBRDK	B	-0.25%
CHE	D	-0.25%
MORN	A	-0.24%
ATI	D	-0.24%
HLI	B	-0.24%
WEX	D	-0.24%
GLOB	B	-0.24%
FN	B	-0.24%
ENSG	C	-0.23%
COLD	F	-0.23%
SSD	D	-0.23%
SOFI	B	-0.22%
RGEN	D	-0.22%
MEDP	D	-0.22%
BRBR	A	-0.22%
HALO	B	-0.21%
TREX	C	-0.21%
PCTY	A	-0.21%
LSCC	C	-0.21%
CRBG	C	-0.21%
LNTH	F	-0.21%
SMAR	B	-0.21%
ALV	C	-0.2%
HQY	A	-0.2%
CGNX	B	-0.2%
GNTX	C	-0.2%
COKE	D	-0.2%
RVMD	B	-0.2%
WSC	F	-0.2%
PEN	B	-0.2%
ITCI	B	-0.2%
BRKR	F	-0.2%
PLNT	B	-0.2%
SPSC	D	-0.2%
ESTC	C	-0.19%
S	B	-0.19%
LFUS	D	-0.19%
RYAN	B	-0.19%
VKTX	D	-0.19%
H	C	-0.19%
LNW	C	-0.19%
AZEK	B	-0.19%
SITE	C	-0.19%
AAON	B	-0.19%
EXEL	B	-0.19%
LSTR	B	-0.19%
MTSI	B	-0.18%
WH	A	-0.18%
NOV	D	-0.18%
RHP	B	-0.18%
MTN	D	-0.18%
ETSY	C	-0.18%
NOVT	C	-0.18%
IBP	F	-0.17%
GTLB	C	-0.17%
ELF	C	-0.17%
DAR	B	-0.17%
CYTK	C	-0.17%
WFRD	D	-0.17%
HLNE	B	-0.17%
MASI	B	-0.17%
DBX	B	-0.17%
GXO	B	-0.17%
SN	D	-0.16%
MTDR	C	-0.16%
PATH	C	-0.16%
ROIV	D	-0.16%
U	D	-0.16%
IONS	F	-0.16%
BPMC	B	-0.16%
CHX	D	-0.16%
APPF	B	-0.15%
PCOR	B	-0.15%
W	F	-0.15%
ALTR	C	-0.15%
GTLS	A	-0.15%
FIVE	F	-0.14%
HCP	A	-0.14%
FOUR	B	-0.14%
DLB	C	-0.13%
RMBS	C	-0.13%
CNM	D	-0.13%
CFLT	B	-0.13%
CIVI	F	-0.12%
CHH	B	-0.11%
CHWY	B	-0.11%
STNG	F	-0.1%
CACC	F	-0.08%
HESM	D	-0.08%
LCID	F	-0.08%
NWS	B	-0.06%
RDDT	B	-0.05%
BIRK	F	-0.04%
CNA	D	-0.03%
LBRDA	B	-0.03%
UWMC	F	-0.02%