VBR vs. CCMG ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to CCM Global Equity ETF (CCMG)

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

CCMG

CCM Global Equity ETF

CCMG Description

Under normal circumstances, the fund will invest at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in equity securities. The fund defines "equity securities" to include U.S. listed common and preferred stock, depositary receipts (e.g., American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs")), and ETFs that provide broad exposure to domestic and international equity securities of companies across all market capitalizations, as well as real estate securities.

Grade (RS Rating)

Last Trade

$28.67

Average Daily Volume

31,667

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	VBR	CCMG
30 Days	7.07%	0.56%
60 Days	7.22%	-0.22%
90 Days	8.68%	0.63%
12 Months	33.95%

68 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in CCMG	Overlap
ACM	A	0.42%	0.07%	0.07%
AGCO	D	0.19%	0.04%	0.04%
ALLE	D	0.36%	0.05%	0.05%
ALSN	B	0.27%	0.07%	0.07%
AM	A	0.14%	0.06%	0.06%
AN	C	0.15%	0.08%	0.08%
ARW	D	0.18%	0.07%	0.07%
ASH	D	0.11%	0.02%	0.02%
AYI	B	0.27%	0.06%	0.06%
BBWI	D	0.18%	0.09%	0.09%
BC	C	0.15%	0.06%	0.06%
BLDR	D	0.58%	0.24%	0.24%
BYD	C	0.07%	0.05%	0.05%
CHRW	C	0.34%	0.13%	0.13%
CLF	F	0.18%	0.06%	0.06%
COLM	B	0.04%	0.07%	0.04%
CRI	D	0.05%	0.08%	0.05%
CSL	C	0.57%	0.15%	0.15%
DDS	B	0.05%	0.08%	0.05%
DKS	C	0.23%	0.11%	0.11%
DVA	B	0.17%	0.1%	0.1%
DXC	B	0.1%	0.08%	0.08%
EMN	D	0.36%	0.13%	0.13%
FBIN	D	0.3%	0.06%	0.06%
FLO	D	0.12%	0.04%	0.04%
FMC	D	0.24%	0.04%	0.04%
G	B	0.2%	0.05%	0.05%
HOG	D	0.11%	0.03%	0.03%
HRB	D	0.24%	0.09%	0.09%
HUN	F	0.11%	0.06%	0.06%
INGR	B	0.25%	0.05%	0.05%
IPG	D	0.32%	0.1%	0.1%
JBL	B	0.39%	0.13%	0.13%
JNPR	F	0.37%	0.06%	0.06%
KSS	F	0.06%	0.08%	0.06%
LPX	B	0.18%	0.08%	0.08%
M	D	0.12%	0.06%	0.06%
MAN	D	0.09%	0.08%	0.08%
MGM	D	0.12%	0.08%	0.08%
MHK	D	0.21%	0.04%	0.04%
MUSA	A	0.26%	0.09%	0.09%
NWL	B	0.1%	0.05%	0.05%
NXST	C	0.16%	0.06%	0.06%
OC	A	0.45%	0.1%	0.1%
OLN	D	0.14%	0.08%	0.08%
PAG	B	0.09%	0.04%	0.04%
PINC	B	0.06%	0.08%	0.06%
POST	C	0.07%	0.04%	0.04%
PVH	C	0.16%	0.07%	0.07%
QRVO	F	0.2%	0.1%	0.1%
RHI	B	0.2%	0.09%	0.09%
RL	B	0.22%	0.08%	0.08%
RS	B	0.46%	0.16%	0.16%
SAIC	F	0.22%	0.05%	0.05%
SCI	B	0.33%	0.09%	0.09%
SEE	C	0.12%	0.03%	0.03%
SJM	D	0.34%	0.09%	0.09%
SMG	D	0.11%	0.03%	0.03%
SON	D	0.15%	0.03%	0.03%
SPB	C	0.07%	0.04%	0.04%
STLD	B	0.28%	0.23%	0.23%
TNL	A	0.09%	0.06%	0.06%
TOL	B	0.44%	0.12%	0.12%
TPR	B	0.32%	0.13%	0.13%
UHS	D	0.34%	0.09%	0.09%
VFC	C	0.24%	0.04%	0.04%
WEN	D	0.1%	0.05%	0.05%
WSM	B	0.39%	0.15%	0.15%

VBR Overweight 726 Positions Relative to CCMG

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
EME	C	0.61%
FCNCA	A	0.61%
ATO	A	0.58%
NRG	B	0.55%
UTHR	C	0.49%
RPM	A	0.48%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
USFD	A	0.44%
THC	D	0.43%
EQH	B	0.42%
RGA	A	0.41%
FFIV	B	0.4%
RNR	C	0.4%
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%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
BG	F	0.35%
CG	A	0.34%
AES	F	0.34%
ATR	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%
OHI	C	0.32%
RRX	B	0.32%
EPAM	C	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%
ALLY	C	0.28%
EVR	B	0.28%
LKQ	D	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
FRT	B	0.27%
FHN	A	0.27%
MLI	C	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%
APG	B	0.25%
CMA	A	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
NYT	C	0.25%
HAS	D	0.25%
WAL	B	0.25%
BRX	A	0.24%
ORI	A	0.24%
AXTA	A	0.24%
EGP	F	0.24%
WTFC	A	0.23%
CHRD	D	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%
SNX	C	0.22%
IVZ	B	0.22%
SSB	B	0.22%
ADC	B	0.22%
VNO	B	0.22%
JXN	C	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%
XPO	B	0.21%
CBSH	A	0.21%
HII	D	0.21%
AGNC	D	0.21%
CFR	B	0.21%
MKSI	C	0.2%
ANF	C	0.2%
RLI	B	0.2%
TMHC	B	0.2%
STAG	F	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%
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%
CADE	B	0.18%
ONB	B	0.18%
CMC	B	0.18%
MSA	D	0.18%
ELAN	D	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	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%
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%
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%
NCLH	B	0.16%
MDU	D	0.16%
KBH	D	0.15%
GAP	C	0.15%
UBSI	B	0.15%
UGI	A	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%
RDN	C	0.15%
THO	B	0.15%
JHG	A	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%
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%
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%
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%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	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%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
PII	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%
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%
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%
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%
GNW	A	0.09%
WSFS	A	0.09%
AVA	A	0.09%
JWN	C	0.09%
BRC	D	0.09%
DEI	B	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	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%
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%
PBF	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%
AMKR	D	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%
SM	B	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%
WLK	D	0.07%
PFSI	D	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%
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%
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%
CPRI	F	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%
PPC	C	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%
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%
SNDR	B	0.03%
CBRL	C	0.03%
MD	B	0.03%
ACT	D	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%
UHAL	D	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%
FG	B	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%
LEVI	F	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 135 Positions Relative to CCMG

Symbol	Grade	Weight
AVUV	A	-10.65%
IDEV	D	-9.75%
AVRE	C	-4.89%
AVDV	C	-4.83%
AVES	D	-3.8%
AAPL	C	-2.56%
XOM	B	-1.02%
HD	A	-0.89%
PG	A	-0.86%
JNJ	D	-0.81%
CVX	A	-0.76%
CSCO	B	-0.76%
HON	B	-0.69%
MCK	B	-0.66%
PM	B	-0.65%
BKNG	A	-0.65%
LOW	D	-0.65%
T	A	-0.64%
CMCSA	B	-0.64%
UNP	C	-0.64%
BMY	B	-0.63%
EOG	A	-0.62%
PFE	D	-0.61%
AMGN	D	-0.61%
LMT	D	-0.61%
CSX	B	-0.6%
MPC	D	-0.6%
CI	F	-0.6%
MMM	D	-0.58%
LRCX	F	-0.58%
MO	A	-0.58%
UPS	C	-0.58%
MDT	D	-0.58%
GILD	C	-0.57%
TGT	F	-0.57%
PSX	C	-0.57%
ELV	F	-0.57%
CAT	B	-0.56%
MDLZ	F	-0.54%
VLO	C	-0.53%
HCA	F	-0.53%
ORLY	B	-0.53%
MRK	F	-0.51%
AZO	C	-0.5%
ITW	B	-0.5%
MCD	D	-0.48%
KO	D	-0.47%
PEP	F	-0.46%
CL	D	-0.45%
HPQ	B	-0.43%
ADP	B	-0.42%
NUE	C	-0.42%
ABBV	D	-0.41%
FIS	C	-0.4%
NOC	D	-0.4%
EMR	A	-0.39%
EBAY	D	-0.38%
ADI	D	-0.37%
KMI	A	-0.36%
LHX	C	-0.36%
CTSH	B	-0.36%
DOW	F	-0.34%
KMB	D	-0.34%
NSC	B	-0.33%
CMI	A	-0.33%
GIS	D	-0.32%
CAH	B	-0.3%
FANG	D	-0.28%
NEM	D	-0.27%
LYB	F	-0.25%
BKR	B	-0.25%
JCI	C	-0.25%
GPN	B	-0.24%
LEN	D	-0.24%
KR	B	-0.23%
KHC	F	-0.23%
BBY	D	-0.23%
STZ	D	-0.22%
NVR	D	-0.22%
SYY	B	-0.22%
NTAP	C	-0.22%
YUM	B	-0.21%
CPAY	A	-0.2%
PHM	D	-0.2%
ROST	C	-0.2%
ULTA	F	-0.19%
OMC	C	-0.18%
IP	B	-0.18%
DGX	A	-0.17%
MAS	D	-0.17%
MRO	B	-0.17%
EXPD	D	-0.17%
DRI	B	-0.17%
TXT	D	-0.16%
SWKS	F	-0.15%
AMCR	D	-0.15%
CF	B	-0.15%
VRSN	F	-0.15%
CLX	B	-0.14%
GPC	D	-0.14%
HSY	F	-0.14%
LH	C	-0.14%
GDDY	A	-0.13%
MTD	D	-0.13%
TSN	B	-0.12%
FOXA	B	-0.12%
CDW	F	-0.12%
DOX	D	-0.11%
SNA	A	-0.11%
LOPE	B	-0.09%
TER	D	-0.09%
GEN	B	-0.09%
FOX	A	-0.08%
TPX	B	-0.08%
HOLX	D	-0.08%
AOS	F	-0.08%
EEFT	B	-0.07%
GNTX	C	-0.07%
DPZ	C	-0.07%
CAG	D	-0.07%
DBX	B	-0.06%
CROX	D	-0.06%
LSTR	D	-0.06%
EXP	A	-0.06%
WH	B	-0.05%
LECO	B	-0.05%
NEU	C	-0.05%
DLB	B	-0.05%
TTC	D	-0.04%
RH	B	-0.04%
SCCO	F	-0.04%
LEN	D	-0.04%
CE	F	-0.04%
HRL	D	-0.04%
CHH	A	-0.03%