VBR vs. BSVO ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to EA Bridgeway Omni Small-Cap Value ETF (BSVO)

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

BSVO

EA Bridgeway Omni Small-Cap Value ETF

BSVO Description

The fund seeks to achieve its investment objective by investing primarily in a broad and diverse group of small-cap stocks that the Sub-Adviser determines are value stocks. Under normal circumstances, the fund invests 80% of its net assets (plus borrowings for investment purposes) in equity or equity-related securities ("common stocks") of small-cap companies at the time of purchase.

Grade (RS Rating)

Last Trade

$23.54

Average Daily Volume

127,127

Number of Holdings ^*

565

* may have additional holdings in another (foreign) market

Performance

Period	VBR	BSVO
30 Days	7.07%	8.61%
60 Days	7.22%	7.23%
90 Days	8.68%	6.19%
12 Months	33.95%	26.85%

124 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in BSVO	Overlap
AAP	C	0.06%	0.4%	0.06%
ACDC	C	0.0%	0.26%	0.0%
AMBC	C	0.01%	0.15%	0.01%
AMCX	C	0.0%	0.11%	0.0%
AMWD	C	0.02%	0.56%	0.02%
ANDE	D	0.04%	0.51%	0.04%
ANF	C	0.2%	0.24%	0.2%
ARCB	C	0.07%	0.02%	0.02%
AROC	B	0.09%	0.1%	0.09%
ATSG	B	0.03%	0.42%	0.03%
AVNS	F	0.03%	0.06%	0.03%
AXL	C	0.02%	0.22%	0.02%
AZZ	B	0.06%	0.01%	0.01%
BANR	B	0.06%	0.45%	0.06%
BFH	B	0.07%	0.8%	0.07%
BGS	F	0.02%	0.13%	0.02%
BHE	B	0.04%	0.59%	0.04%
BHLB	B	0.03%	0.28%	0.03%
BKU	A	0.08%	0.6%	0.08%
BRKL	B	0.03%	0.2%	0.03%
BV	B	0.03%	0.57%	0.03%
CAL	D	0.01%	0.31%	0.01%
CENT	C	0.01%	0.11%	0.01%
CENTA	C	0.04%	0.5%	0.04%
CNDT	C	0.01%	0.22%	0.01%
CRGY	B	0.05%	0.84%	0.05%
DAN	D	0.03%	0.33%	0.03%
DK	C	0.03%	0.4%	0.03%
DLX	B	0.02%	0.35%	0.02%
DNOW	B	0.04%	0.52%	0.04%
ECPG	B	0.03%	0.27%	0.03%
ECVT	C	0.02%	0.16%	0.02%
EGBN	B	0.01%	0.05%	0.01%
EIG	B	0.04%	0.0%	0.0%
EPC	D	0.05%	0.45%	0.05%
ETWO	F	0.02%	0.21%	0.02%
FDP	B	0.04%	0.55%	0.04%
FFBC	A	0.07%	0.56%	0.07%
FL	F	0.06%	0.61%	0.06%
FOR	F	0.02%	0.47%	0.02%
FRME	B	0.06%	0.6%	0.06%
GBX	A	0.05%	0.66%	0.05%
GES	F	0.01%	0.29%	0.01%
GIII	D	0.03%	0.45%	0.03%
HCC	B	0.1%	0.76%	0.1%
HMN	B	0.04%	0.44%	0.04%
HOPE	B	0.04%	0.37%	0.04%
HTH	B	0.04%	0.41%	0.04%
HTLD	B	0.01%	0.21%	0.01%
HTLF	B	0.03%	0.47%	0.03%
IBTX	B	0.06%	0.45%	0.06%
INDB	B	0.07%	0.56%	0.07%
INSW	F	0.03%	0.37%	0.03%
INVA	D	0.03%	0.13%	0.03%
JBLU	F	0.02%	0.59%	0.02%
JELD	F	0.03%	0.28%	0.03%
KALU	C	0.03%	0.28%	0.03%
KELYA	F	0.02%	0.2%	0.02%
KOP	C	0.02%	0.26%	0.02%
KRO	D	0.01%	0.01%	0.01%
KSS	F	0.06%	0.45%	0.06%
LC	A	0.04%	0.01%	0.01%
LDI	C	0.0%	0.04%	0.0%
LZB	B	0.05%	0.22%	0.05%
MATV	D	0.02%	0.18%	0.02%
MCY	A	0.05%	0.05%	0.05%
MD	B	0.03%	0.27%	0.03%
MHO	D	0.06%	0.24%	0.06%
MLKN	D	0.05%	0.57%	0.05%
MNRO	D	0.02%	0.13%	0.02%
MODG	F	0.02%	0.17%	0.02%
MRC	B	0.03%	0.29%	0.03%
MSGE	F	0.03%	0.47%	0.03%
NAVI	C	0.03%	0.45%	0.03%
NBHC	B	0.05%	0.39%	0.05%
NMRK	B	0.06%	0.77%	0.06%
NTCT	C	0.04%	0.06%	0.04%
NVRI	F	0.01%	0.19%	0.01%
NWBI	B	0.05%	0.33%	0.05%
NX	C	0.04%	0.34%	0.04%
ODP	F	0.03%	0.3%	0.03%
OFG	B	0.05%	0.16%	0.05%
OMI	F	0.03%	0.27%	0.03%
PCRX	C	0.02%	0.24%	0.02%
PFS	B	0.07%	0.35%	0.07%
PHIN	A	0.06%	0.78%	0.06%
PINC	B	0.06%	0.65%	0.06%
PRLB	A	0.02%	0.02%	0.02%
PTVE	B	0.01%	0.64%	0.01%
PUMP	B	0.02%	0.27%	0.02%
REVG	B	0.04%	0.0%	0.0%
RNST	B	0.06%	0.47%	0.06%
SAH	A	0.02%	0.0%	0.0%
SATS	D	0.09%	0.45%	0.09%
SBH	C	0.04%	0.27%	0.04%
SCHL	D	0.01%	0.26%	0.01%
SCS	C	0.03%	0.49%	0.03%
SCSC	B	0.03%	0.42%	0.03%
SFNC	B	0.08%	0.55%	0.08%
SKYW	B	0.11%	0.97%	0.11%
SPNT	A	0.04%	0.68%	0.04%
STBA	B	0.04%	0.37%	0.04%
SWBI	C	0.01%	0.02%	0.01%
TDS	B	0.08%	0.84%	0.08%
TGNA	B	0.08%	0.72%	0.08%
TOWN	B	0.06%	0.35%	0.06%
TRMK	B	0.06%	0.48%	0.06%
TROX	D	0.04%	0.49%	0.04%
TTMI	B	0.06%	0.87%	0.06%
UNFI	A	0.03%	0.27%	0.03%
USM	B	0.03%	0.14%	0.03%
VREX	C	0.01%	0.15%	0.01%
VSAT	F	0.03%	0.1%	0.03%
VSTO	A	0.03%	0.77%	0.03%
VYX	B	0.05%	0.55%	0.05%
WAFD	B	0.08%	0.51%	0.08%
WKC	D	0.04%	0.55%	0.04%
WMK	C	0.03%	0.12%	0.03%
WNC	C	0.02%	0.23%	0.02%
WOOF	D	0.01%	0.11%	0.01%
WRLD	C	0.01%	0.17%	0.01%
WSBC	A	0.05%	0.44%	0.05%
XRX	F	0.03%	0.31%	0.03%
ZD	C	0.06%	0.56%	0.06%

VBR Overweight 670 Positions Relative to BSVO

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
EME	C	0.61%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
CSL	C	0.57%
NRG	B	0.55%
UTHR	C	0.49%
RPM	A	0.48%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
RS	B	0.46%
OC	A	0.45%
TOL	B	0.44%
USFD	A	0.44%
THC	D	0.43%
ACM	A	0.42%
EQH	B	0.42%
RGA	A	0.41%
FFIV	B	0.4%
RNR	C	0.4%
JBL	B	0.39%
WSM	B	0.39%
EWBC	A	0.39%
SFM	A	0.38%
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%
BG	F	0.35%
SJM	D	0.34%
CHRW	C	0.34%
UHS	D	0.34%
CG	A	0.34%
AES	F	0.34%
ATR	B	0.33%
SCI	B	0.33%
BJ	A	0.33%
CCK	C	0.33%
KMX	B	0.33%
ITT	A	0.33%
BXP	D	0.33%
HUBB	B	0.33%
TPR	B	0.32%
OHI	C	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	C	0.3%
FBIN	D	0.3%
OVV	B	0.3%
AA	B	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	B	0.29%
EHC	B	0.29%
SOLV	C	0.29%
SF	B	0.29%
WCC	B	0.28%
TAP	C	0.28%
TFX	F	0.28%
GL	B	0.28%
WTRG	B	0.28%
UNM	A	0.28%
STLD	B	0.28%
ALLY	C	0.28%
EVR	B	0.28%
LKQ	D	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
AYI	B	0.27%
FRT	B	0.27%
FHN	A	0.27%
MLI	C	0.27%
ALSN	B	0.27%
PRI	A	0.27%
APA	D	0.26%
SEIC	B	0.26%
DTM	B	0.26%
AAL	B	0.26%
DCI	B	0.26%
WBS	A	0.26%
AIT	A	0.26%
LAD	A	0.26%
FYBR	D	0.26%
HSIC	B	0.26%
KBR	F	0.26%
FLR	B	0.26%
MUSA	A	0.26%
APG	B	0.25%
CMA	A	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
INGR	B	0.25%
NYT	C	0.25%
HAS	D	0.25%
WAL	B	0.25%
VFC	C	0.24%
FMC	D	0.24%
BRX	A	0.24%
ORI	A	0.24%
AXTA	A	0.24%
HRB	D	0.24%
EGP	F	0.24%
WTFC	A	0.23%
CHRD	D	0.23%
DKS	C	0.23%
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%
JXN	C	0.22%
RL	B	0.22%
CR	A	0.22%
BWA	D	0.22%
BERY	B	0.22%
ZION	B	0.22%
ESAB	B	0.21%
UFPI	B	0.21%
COHR	B	0.21%
MHK	D	0.21%
XPO	B	0.21%
CBSH	A	0.21%
HII	D	0.21%
AGNC	D	0.21%
CFR	B	0.21%
MKSI	C	0.2%
RHI	B	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%
RRC	B	0.2%
FLS	B	0.2%
MAT	D	0.2%
BIO	D	0.2%
FR	C	0.2%
MIDD	C	0.2%
FCN	D	0.2%
AGCO	D	0.19%
BPOP	B	0.19%
JAZZ	B	0.19%
MTG	C	0.19%
LUMN	C	0.19%
MTH	D	0.19%
EVRG	A	0.19%
UHAL	D	0.19%
PB	A	0.19%
KEX	C	0.19%
OSK	B	0.19%
R	B	0.18%
ALK	C	0.18%
ESNT	D	0.18%
CLF	F	0.18%
CADE	B	0.18%
ONB	B	0.18%
CMC	B	0.18%
MSA	D	0.18%
BBWI	D	0.18%
ELAN	D	0.18%
LPX	B	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
ARW	D	0.18%
VMI	B	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	B	0.17%
NSIT	F	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%
CBT	C	0.17%
GBCI	B	0.17%
LNC	B	0.17%
AXS	A	0.17%
OMF	A	0.17%
COLB	A	0.17%
LEA	D	0.16%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	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%
NCLH	B	0.16%
MDU	D	0.16%
KBH	D	0.15%
GAP	C	0.15%
UBSI	B	0.15%
UGI	A	0.15%
SON	D	0.15%
PSN	D	0.15%
BCC	B	0.15%
ST	F	0.15%
VVV	F	0.15%
MATX	C	0.15%
FNB	A	0.15%
WTS	B	0.15%
TKR	D	0.15%
AN	C	0.15%
RDN	C	0.15%
THO	B	0.15%
JHG	A	0.15%
BC	C	0.15%
KD	B	0.15%
GPI	A	0.14%
BDC	B	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
OZK	B	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%
OLN	D	0.14%
OGN	D	0.14%
AM	A	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%
PR	B	0.13%
BCO	D	0.13%
WTM	A	0.13%
EAT	A	0.13%
FFIN	B	0.13%
LYFT	C	0.13%
AL	B	0.13%
SWX	B	0.13%
HWC	B	0.13%
MUR	D	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%
M	D	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%
FLO	D	0.12%
SEE	C	0.12%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	0.11%
HUN	F	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%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
PII	D	0.11%
SMG	D	0.11%
ACHC	F	0.11%
NUVL	D	0.11%
HOG	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%
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%
MSM	C	0.1%
HIW	D	0.1%
TCBI	B	0.1%
DXC	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%
PTEN	C	0.09%
PAG	B	0.09%
NPO	A	0.09%
ADTN	A	0.09%
ATKR	C	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%
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%
NSP	D	0.08%
PBF	D	0.08%
IOSP	B	0.08%
UE	C	0.08%
UNF	B	0.08%
CC	C	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%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	B	0.08%
AMKR	D	0.08%
TRN	C	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	B	0.08%
ATGE	B	0.08%
BYD	C	0.07%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	D	0.07%
PECO	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%
SM	B	0.07%
DY	D	0.07%
MTX	B	0.07%
VAC	B	0.07%
HAYW	B	0.07%
PPBI	B	0.07%
BXMT	C	0.07%
OUT	A	0.07%
PRK	B	0.07%
URBN	C	0.07%
ARCH	B	0.07%
HUBG	A	0.07%
WLK	D	0.07%
PFSI	D	0.07%
POST	C	0.07%
VIRT	B	0.07%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	C	0.06%
HI	C	0.06%
BLKB	B	0.06%
KMT	B	0.06%
BANF	B	0.06%
NBTB	B	0.06%
AIR	B	0.06%
WLY	B	0.06%
GEO	B	0.06%
EQC	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%
HURN	B	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%
B	B	0.06%
OSIS	B	0.06%
IPGP	D	0.06%
WERN	C	0.06%
JOBY	B	0.06%
SXI	B	0.06%
HNI	B	0.06%
CPRI	F	0.06%
SCL	C	0.05%
SHOO	D	0.05%
DDS	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%
THS	D	0.05%
GOLF	B	0.05%
PZZA	D	0.05%
KAR	B	0.05%
PPC	C	0.05%
OI	C	0.05%
STEP	B	0.05%
PRG	C	0.05%
VSTS	C	0.05%
SUPN	C	0.05%
GNL	F	0.05%
LGND	B	0.05%
ROIC	A	0.05%
CRI	D	0.05%
PBI	B	0.04%
ARI	C	0.04%
AAT	B	0.04%
DYN	F	0.04%
PDM	D	0.04%
IART	C	0.04%
VC	D	0.04%
WS	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
COLM	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	D	0.04%
WABC	B	0.04%
CSGS	B	0.04%
VRNT	C	0.04%
CAR	C	0.04%
LCII	C	0.04%
ALEX	C	0.04%
ESRT	C	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	B	0.04%
REYN	D	0.04%
VCTR	B	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%
JBGS	D	0.04%
NWN	A	0.04%
ELME	D	0.04%
HP	B	0.04%
FTRE	D	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%
MMI	B	0.03%
THR	B	0.03%
FA	C	0.03%
LGF.A	C	0.03%
CWEN	C	0.03%
JACK	D	0.03%
MYGN	F	0.03%
DNUT	D	0.03%
RWT	D	0.03%
CARS	B	0.03%
UA	C	0.03%
KWR	C	0.03%
TRS	B	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
ACT	D	0.03%
KFRC	D	0.03%
FBRT	C	0.03%
CSR	B	0.03%
OXM	D	0.03%
SAFT	C	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
AIV	C	0.03%
WOR	F	0.03%
WWW	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%
NAPA	B	0.02%
CWH	B	0.02%
BASE	C	0.02%
HPP	F	0.02%
HY	D	0.02%
UHAL	D	0.02%
RGR	F	0.02%
SWI	B	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	D	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	B	0.02%
CFFN	B	0.02%
CMTG	F	0.02%
TMP	B	0.02%
PRAA	C	0.02%
FG	B	0.02%
PRA	C	0.02%
HAIN	C	0.02%
BRSP	B	0.02%
HCSG	C	0.02%
LEVI	F	0.02%
EMBC	C	0.02%
EYE	C	0.02%
BDN	C	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	D	0.01%
DIN	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
TGI	B	0.01%
ZIP	F	0.01%
TRTX	B	0.01%
SRCL	C	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
INN	D	0.01%
RUSHB	B	0.01%
VMEO	B	0.01%
RMR	F	0.01%
GRC	A	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	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%
ARRY	C	0.01%
BFS	C	0.01%
DJT	C	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
SCWX	B	0.0%
AC	C	0.0%
TASK	C	0.0%
LESL	C	0.0%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 441 Positions Relative to BSVO

Symbol	Grade	Weight
ENVA	B	-0.78%
GPOR	B	-0.76%
PATK	D	-0.73%
GOGL	F	-0.72%
TALO	C	-0.64%
PRDO	B	-0.59%
WTTR	B	-0.55%
CMRE	C	-0.54%
FBK	B	-0.52%
TPC	C	-0.5%
WGO	C	-0.5%
SFL	D	-0.48%
DOLE	D	-0.46%
EFSC	B	-0.46%
AGM	C	-0.44%
AHCO	F	-0.43%
WLFC	B	-0.43%
LPG	F	-0.41%
STC	B	-0.41%
ADNT	F	-0.41%
ALGT	B	-0.4%
PLAB	C	-0.4%
SXC	A	-0.38%
LILAK	D	-0.38%
QCRH	A	-0.38%
BXC	B	-0.37%
VTLE	C	-0.37%
SRCE	B	-0.37%
OPEN	D	-0.36%
ADV	D	-0.35%
BUSE	B	-0.34%
PARR	D	-0.34%
BZH	B	-0.34%
RES	D	-0.34%
NTB	B	-0.33%
RYI	C	-0.32%
PEBO	A	-0.32%
BLX	C	-0.32%
SCVL	F	-0.32%
BY	B	-0.32%
HOV	D	-0.32%
ULH	B	-0.32%
RBCAA	B	-0.31%
GNK	D	-0.3%
IMKTA	C	-0.3%
ASIX	A	-0.3%
HSII	B	-0.3%
GCI	D	-0.3%
VBTX	B	-0.29%
HLX	B	-0.29%
PFBC	B	-0.29%
AMAL	B	-0.28%
SASR	B	-0.28%
VHI	D	-0.25%
BANC	A	-0.25%
GHLD	F	-0.25%
CNOB	B	-0.25%
CTBI	B	-0.25%
EZPW	A	-0.25%
MTUS	C	-0.24%
SPFI	B	-0.23%
MCS	B	-0.23%
UTI	A	-0.23%
SMP	B	-0.23%
SNCY	C	-0.22%
DAKT	B	-0.22%
REX	D	-0.22%
NTGR	B	-0.22%
FBMS	B	-0.22%
EQBK	A	-0.21%
FBNC	A	-0.21%
RYAM	C	-0.21%
HFWA	B	-0.2%
OBK	B	-0.2%
IBCP	B	-0.2%
RPAY	D	-0.2%
SPTN	D	-0.2%
FLWS	F	-0.19%
HNRG	B	-0.19%
UVSP	B	-0.19%
ORRF	B	-0.19%
CPF	A	-0.18%
SBSI	B	-0.18%
ACCO	C	-0.18%
EGY	D	-0.18%
CLW	F	-0.18%
VEL	A	-0.18%
TCBK	B	-0.17%
FMBH	B	-0.17%
CFB	B	-0.17%
HAFC	A	-0.17%
MBWM	B	-0.17%
OCFC	B	-0.17%
TRST	A	-0.17%
NR	B	-0.17%
PFIS	A	-0.16%
UVE	B	-0.16%
CBNK	B	-0.16%
BSRR	B	-0.16%
SMBK	B	-0.16%
RDUS	C	-0.16%
CVEO	F	-0.16%
TIPT	B	-0.16%
HPK	B	-0.16%
ASC	F	-0.16%
MCB	B	-0.16%
PFC	A	-0.16%
DCOM	A	-0.16%
VIR	D	-0.15%
ACNB	B	-0.15%
THFF	B	-0.15%
SB	F	-0.15%
ZEUS	C	-0.15%
NWPX	A	-0.15%
HBNC	B	-0.14%
QUAD	C	-0.14%
PACK	B	-0.14%
TWI	F	-0.14%
PANL	F	-0.14%
OSBC	A	-0.14%
NGS	B	-0.14%
BFST	C	-0.14%
LOCO	D	-0.14%
FBIZ	B	-0.14%
EBTC	B	-0.14%
ALRS	D	-0.13%
RNGR	B	-0.13%
CCNE	B	-0.13%
LSEA	D	-0.13%
SWIM	C	-0.13%
OPY	B	-0.13%
MOFG	A	-0.13%
GDOT	D	-0.13%
TREE	F	-0.12%
MG	D	-0.12%
BBCP	C	-0.12%
MTW	C	-0.12%
FISI	A	-0.12%
PGC	C	-0.12%
UFCS	B	-0.12%
GTN	F	-0.12%
MERC	F	-0.12%
GCO	B	-0.12%
NECB	B	-0.12%
HVT	D	-0.12%
CAC	B	-0.12%
BH	B	-0.12%
OIS	C	-0.12%
VLGEA	B	-0.12%
MOV	C	-0.12%
FSBW	B	-0.11%
HTBK	A	-0.11%
MCFT	B	-0.11%
FFIC	B	-0.11%
FLGT	F	-0.11%
NFBK	B	-0.11%
TSBK	B	-0.11%
BRY	F	-0.11%
NRIM	A	-0.11%
APEI	B	-0.11%
CPSS	B	-0.1%
AXR	B	-0.1%
DBI	F	-0.1%
OSUR	F	-0.1%
MSBI	B	-0.1%
IPI	B	-0.1%
GLRE	B	-0.1%
HBCP	B	-0.1%
SD	D	-0.1%
LOVE	B	-0.1%
ATNI	F	-0.1%
KE	C	-0.1%
UNTY	B	-0.1%
BSVN	B	-0.1%
MEC	D	-0.1%
BHB	B	-0.1%
HONE	B	-0.1%
USAP	B	-0.1%
JAKK	C	-0.1%
KODK	B	-0.1%
CARE	C	-0.1%
CCRN	F	-0.09%
HRTG	C	-0.09%
RBB	B	-0.09%
SMBC	B	-0.09%
KRNY	B	-0.09%
SGC	C	-0.09%
DGICA	A	-0.09%
VTOL	B	-0.09%
RGP	F	-0.09%
METC	C	-0.09%
RLGT	A	-0.09%
WEYS	C	-0.09%
CIVB	B	-0.08%
CENX	B	-0.08%
MPB	B	-0.08%
CSTM	F	-0.08%
TBI	F	-0.08%
ORN	C	-0.08%
PNRG	B	-0.08%
NL	B	-0.08%
ISTR	B	-0.08%
RM	D	-0.08%
FLXS	B	-0.08%
LILA	D	-0.08%
FRBA	C	-0.08%
LE	D	-0.07%
RMAX	C	-0.07%
PKBK	A	-0.07%
FRAF	A	-0.07%
NC	B	-0.07%
REI	D	-0.07%
MEI	D	-0.07%
EVC	C	-0.07%
PCB	A	-0.07%
LFVN	B	-0.07%
CHMG	B	-0.07%
AOSL	C	-0.07%
FF	D	-0.07%
OVLY	A	-0.07%
WSBF	C	-0.07%
OPBK	B	-0.06%
BELFB	C	-0.06%
SWKH	F	-0.06%
HBB	F	-0.06%
LCNB	A	-0.06%
CZWI	A	-0.06%
LINC	B	-0.06%
FSFG	A	-0.06%
PEBK	B	-0.06%
HOFT	C	-0.06%
BCML	A	-0.06%
CFFI	B	-0.06%
CBFV	A	-0.06%
ESSA	B	-0.06%
CCBG	B	-0.06%
COFS	A	-0.06%
VNDA	C	-0.06%
AMPY	C	-0.06%
REPX	A	-0.06%
TCBX	A	-0.06%
WNEB	A	-0.05%
SBFG	A	-0.05%
FVCB	B	-0.05%
BOOM	F	-0.05%
POWW	F	-0.05%
BCBP	A	-0.05%
VRA	F	-0.05%
HWBK	B	-0.05%
OB	C	-0.05%
EML	D	-0.05%
ATLC	B	-0.05%
SHBI	A	-0.05%
THRY	F	-0.05%
ESOA	A	-0.05%
PWOD	A	-0.05%
ZUMZ	C	-0.05%
CCB	A	-0.05%
FLIC	B	-0.05%
FUNC	A	-0.05%
SMHI	F	-0.04%
LCUT	F	-0.04%
MNSB	C	-0.04%
ITOS	F	-0.04%
CHGG	D	-0.04%
BMRC	B	-0.04%
CMT	D	-0.04%
CAAS	C	-0.04%
CIA	B	-0.04%
CBAN	B	-0.04%
SFST	B	-0.04%
JOUT	D	-0.04%
GEOS	C	-0.04%
BWFG	A	-0.04%
ITIC	B	-0.04%
PBFS	B	-0.04%
NNBR	C	-0.04%
HZO	D	-0.04%
RCKY	F	-0.04%
VOXX	C	-0.04%
EBMT	A	-0.03%
OPOF	A	-0.03%
SFBC	B	-0.03%
WHG	B	-0.03%
XBIT	F	-0.03%
ALCO	D	-0.03%
PROV	C	-0.03%
FFWM	C	-0.03%
AVD	D	-0.03%
MX	F	-0.03%
CLAR	D	-0.03%
LMB	A	-0.03%
TUSK	D	-0.03%
COOK	D	-0.03%
NCSM	C	-0.03%
RVSB	B	-0.03%
PHX	A	-0.03%
CTRN	D	-0.03%
MYFW	B	-0.03%
UEIC	C	-0.03%
ACTG	D	-0.03%
FGBI	A	-0.03%
UBFO	A	-0.03%
FFNW	C	-0.03%
RBKB	B	-0.03%
FCAP	D	-0.03%
FRD	D	-0.03%
NGVC	A	-0.03%
EPSN	B	-0.03%
SNFCA	B	-0.03%
MBCN	B	-0.03%
AMRK	F	-0.03%
JRVR	F	-0.03%
SSP	F	-0.03%
TSQ	D	-0.03%
HURC	C	-0.02%
AUBN	B	-0.02%
ONEW	D	-0.02%
WOW	B	-0.02%
TRT	B	-0.02%
SSBK	B	-0.02%
BWB	B	-0.02%
CVGI	F	-0.02%
ASRV	B	-0.02%
GNTY	A	-0.02%
SPWH	F	-0.02%
CATO	D	-0.02%
MVBF	B	-0.02%
TITN	C	-0.02%
AXTI	F	-0.02%
GOCO	C	-0.02%
BOTJ	B	-0.02%
CNTY	B	-0.02%
INBK	B	-0.02%
CBAT	F	-0.02%
FONR	D	-0.02%
VYGR	F	-0.02%
LARK	A	-0.02%
SND	B	-0.02%
SBT	C	-0.02%
ALTO	F	-0.02%
FXNC	C	-0.02%
DLTH	D	-0.02%
SGA	F	-0.02%
OPRT	C	-0.02%
FCCO	B	-0.02%
RMBL	C	-0.02%
BDL	F	-0.02%
PKOH	B	-0.02%
TLYS	F	-0.02%
DIT	F	-0.02%
ASRT	F	-0.02%
BSET	B	-0.02%
FINW	A	-0.02%
RRBI	A	-0.01%
CFBK	C	-0.01%
FUSB	A	-0.01%
BRN	F	-0.01%
HNNA	C	-0.01%
LYTS	B	-0.01%
CZFS	B	-0.01%
GTIM	F	-0.01%
GROW	F	-0.01%
NAII	F	-0.01%
GLNG	C	-0.01%
MCBS	B	-0.01%
WYY	B	-0.01%
AE	B	-0.01%
BMTX	B	-0.01%
BRBS	B	-0.01%
NATR	C	-0.01%
LAKE	B	-0.01%
CASH	A	-0.01%
HTBI	B	-0.01%
NTWK	F	-0.01%
NTIP	D	-0.01%
PLBC	A	-0.01%
SCYX	F	-0.01%
BWEN	F	-0.01%
KVHI	B	-0.01%
CSTE	D	-0.01%
ATLO	D	-0.01%
WASH	C	-0.01%
LEGH	D	-0.01%
MFIN	C	-0.01%
OVID	F	-0.01%
ACU	B	-0.01%
UONEK	F	-0.01%
TWIN	F	-0.01%
NODK	A	-0.01%
EVBN	B	-0.01%
FNWB	C	-0.01%
CEIX	A	-0.01%
LIVE	F	-0.01%
BCAL	B	-0.01%
STRT	B	-0.01%
FET	D	-0.01%
FRST	B	-0.01%
DXLG	F	-0.01%
FNLC	B	-0.01%
CRWS	D	-0.01%
ARKR	F	-0.01%
ETD	C	-0.01%
BGFV	F	-0.01%
AOUT	A	-0.01%
UFI	F	-0.01%
GRWG	F	-0.01%
AROW	B	-0.01%
OVBC	A	-0.01%
QRTEA	F	-0.01%
SENEA	B	-0.01%
HDSN	F	-0.0%
CRD.B	D	-0.0%
AAME	D	-0.0%
JRSH	B	-0.0%
PRPH	F	-0.0%
GEG	D	-0.0%
VNCE	F	-0.0%
BHRB	B	-0.0%
DHX	F	-0.0%
AIRTP	B	-0.0%
UNB	A	-0.0%
CMLS	F	-0.0%
CLRO	F	-0.0%
SVT	D	-0.0%
UBCP	C	-0.0%
SIF	D	-0.0%
CARM	F	-0.0%
USEG	B	-0.0%
AMS	C	-0.0%
CIZN	C	-0.0%
TCI	D	-0.0%
CIX	D	-0.0%
KOSS	D	-0.0%
MTEX	B	-0.0%
PED	F	-0.0%
PRTS	C	-0.0%
ULBI	F	-0.0%
VABK	C	-0.0%
PPIH	B	-0.0%
ASUR	C	-0.0%