VBR vs. JSTC ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Adasina Social Justice All Cap Global ETF (JSTC)

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

$200.82

Average Daily Volume

398,489

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

JSTC

Adasina Social Justice All Cap Global ETF

JSTC Description

The investment seeks capital appreciation and income. The fund is an actively-managed exchange-traded fund (?ETF?) that seeks to achieve its investment objective by investing the fund?s assets in a portfolio of global companies whose business practices are aligned with the social justice investment criteria. Under normal market conditions, it will invest in at least three countries (one of which may be the United States) and will invest at least 40% of its total assets at the time of purchase in non?U.S. companies.

Grade (RS Rating)

Last Trade

$18.70

Average Daily Volume

17,772

Number of Holdings ^*

335

* may have additional holdings in another (foreign) market

Performance

Period	VBR	JSTC
30 Days	4.73%	3.26%
60 Days	4.82%	5.66%
90 Days	10.29%	7.48%
12 Months	25.98%	19.40%

126 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in JSTC	Overlap
AGO	C	0.12%	0.04%	0.04%
AL	D	0.14%	0.06%	0.06%
ALLE	B	0.36%	0.02%	0.02%
AMG	C	0.16%	0.09%	0.09%
AMKR	F	0.11%	0.02%	0.02%
AMWD	D	0.02%	0.09%	0.02%
APAM	C	0.08%	0.08%	0.08%
APG	D	0.26%	0.06%	0.06%
ASB	D	0.1%	0.05%	0.05%
ATR	B	0.3%	0.12%	0.12%
AVT	C	0.15%	0.05%	0.05%
AWR	B	0.09%	0.14%	0.09%
AXTA	B	0.24%	0.13%	0.13%
AZZ	D	0.07%	0.13%	0.07%
B	D	0.06%	0.06%	0.06%
BDC	B	0.13%	0.04%	0.04%
BGC	B	0.11%	0.03%	0.03%
BHF	F	0.08%	0.05%	0.05%
BKU	C	0.08%	0.02%	0.02%
BPOP	C	0.22%	0.02%	0.02%
BRKL	C	0.03%	0.06%	0.03%
BRO	C	0.35%	0.82%	0.35%
CABO	F	0.02%	0.03%	0.02%
CFFN	D	0.02%	0.05%	0.02%
CFR	C	0.19%	0.05%	0.05%
CHCO	B	0.05%	0.12%	0.05%
CNO	B	0.11%	0.07%	0.07%
CR	C	0.23%	0.04%	0.04%
CRUS	D	0.23%	0.03%	0.03%
CSGS	C	0.04%	0.03%	0.03%
CSL	B	0.59%	0.95%	0.59%
DLX	F	0.03%	0.05%	0.03%
DNB	C	0.12%	0.03%	0.03%
DY	B	0.07%	0.04%	0.04%
EHC	C	0.28%	0.06%	0.06%
EIG	C	0.04%	0.08%	0.04%
ENOV	D	0.08%	0.04%	0.04%
ENS	D	0.12%	0.06%	0.06%
EPAM	F	0.16%	0.09%	0.09%
ESAB	C	0.18%	0.04%	0.04%
EVTC	D	0.06%	0.02%	0.02%
EWBC	D	0.34%	0.66%	0.34%
EYE	F	0.02%	0.02%	0.02%
FIBK	B	0.08%	0.02%	0.02%
FRME	D	0.07%	0.02%	0.02%
FTRE	D	0.06%	0.01%	0.01%
FUL	C	0.14%	0.13%	0.13%
G	C	0.21%	0.07%	0.07%
GBCI	B	0.16%	0.02%	0.02%
GHC	B	0.07%	0.05%	0.05%
GMS	D	0.1%	0.04%	0.04%
GO	F	0.05%	0.02%	0.02%
HI	F	0.07%	0.04%	0.04%
HLIO	D	0.02%	0.02%	0.02%
HMN	D	0.04%	0.09%	0.04%
HOPE	B	0.04%	0.09%	0.04%
HUBB	B	0.32%	0.02%	0.02%
HURN	C	0.06%	0.18%	0.06%
IART	F	0.04%	0.02%	0.02%
INVA	B	0.03%	0.03%	0.03%
IPG	C	0.36%	0.59%	0.36%
IPGP	F	0.05%	0.01%	0.01%
ITGR	A	0.13%	0.04%	0.04%
JELD	D	0.04%	0.06%	0.04%
JNPR	B	0.37%	1.38%	0.37%
JXN	A	0.2%	0.07%	0.07%
KAR	D	0.06%	0.04%	0.04%
KFY	B	0.11%	0.06%	0.06%
LNC	D	0.16%	0.07%	0.07%
MLI	B	0.23%	0.05%	0.05%
MMI	C	0.03%	0.09%	0.03%
MSA	D	0.2%	0.05%	0.05%
MSM	D	0.11%	0.08%	0.08%
MTG	B	0.2%	0.05%	0.05%
MXL	F	0.02%	0.01%	0.01%
NBTB	D	0.06%	0.09%	0.06%
NPO	D	0.1%	0.04%	0.04%
NSIT	D	0.21%	0.03%	0.03%
NSP	F	0.1%	0.03%	0.03%
NVST	D	0.09%	0.03%	0.03%
NVT	D	0.33%	0.02%	0.02%
NWBI	C	0.05%	0.14%	0.05%
NWL	C	0.08%	0.02%	0.02%
OGN	D	0.17%	0.02%	0.02%
PACB	D	0.01%	0.02%	0.01%
PB	B	0.2%	0.06%	0.06%
PBH	B	0.11%	0.02%	0.02%
PDCO	F	0.05%	0.02%	0.02%
PIPR	B	0.13%	0.03%	0.03%
PRGS	C	0.07%	0.03%	0.03%
PRLB	F	0.02%	0.03%	0.02%
PZZA	D	0.02%	0.04%	0.02%
REYN	C	0.05%	0.03%	0.03%
REZI	D	0.08%	0.02%	0.02%
RGA	C	0.43%	0.02%	0.02%
RHI	D	0.18%	0.08%	0.08%
RNST	D	0.06%	0.07%	0.06%
RPM	B	0.44%	1.06%	0.44%
SAFT	D	0.04%	0.09%	0.04%
SCHL	D	0.02%	0.05%	0.02%
SCS	D	0.04%	0.07%	0.04%
SCSC	D	0.03%	0.08%	0.03%
SEE	D	0.15%	0.05%	0.05%
SIGI	D	0.16%	0.03%	0.03%
SJM	C	0.17%	0.49%	0.17%
SLGN	B	0.12%	0.08%	0.08%
SPB	C	0.08%	0.03%	0.03%
SSB	B	0.22%	0.03%	0.03%
STBA	B	0.05%	0.11%	0.05%
SUPN	C	0.05%	0.06%	0.05%
SXI	C	0.06%	0.02%	0.02%
SXT	C	0.1%	0.08%	0.08%
TDC	F	0.08%	0.02%	0.02%
TFX	C	0.34%	0.18%	0.18%
TPH	C	0.12%	0.05%	0.05%
TRS	D	0.03%	0.04%	0.03%
UBSI	B	0.15%	0.03%	0.03%
VREX	F	0.01%	0.03%	0.01%
VRTS	F	0.04%	0.07%	0.04%
WABC	D	0.04%	0.07%	0.04%
WAL	B	0.25%	0.05%	0.05%
WBS	D	0.24%	0.04%	0.04%
WCC	D	0.25%	0.05%	0.05%
WD	B	0.1%	0.05%	0.05%
WTS	C	0.16%	0.07%	0.07%
ZD	D	0.07%	0.03%	0.03%

VBR Overweight 669 Positions Relative to JSTC

Symbol	Grade	Weight
SW	B	0.72%
FCNCA	D	0.65%
BLDR	C	0.62%
BAH	C	0.6%
ATO	B	0.54%
EME	B	0.54%
NRG	C	0.52%
THC	A	0.48%
RS	D	0.48%
UTHR	C	0.47%
IEX	D	0.46%
KIM	C	0.46%
TOL	B	0.44%
USFD	B	0.43%
OC	D	0.43%
PNR	B	0.43%
BG	D	0.42%
EQH	C	0.41%
RNR	C	0.4%
UHS	B	0.4%
ACM	B	0.4%
WSM	D	0.4%
KMX	D	0.39%
CPT	B	0.39%
GLPI	C	0.39%
REG	C	0.39%
JBL	D	0.37%
TTEK	C	0.37%
JLL	B	0.36%
ALLY	F	0.35%
FFIV	B	0.35%
EMN	B	0.35%
OVV	F	0.34%
ITT	B	0.34%
CHRW	B	0.34%
PFGC	B	0.34%
HII	D	0.33%
RRX	C	0.33%
RIVN	F	0.33%
SCI	B	0.32%
CACI	B	0.32%
CCK	A	0.32%
SFM	B	0.31%
APA	F	0.31%
BJ	D	0.31%
BXP	B	0.31%
LDOS	B	0.31%
AIZ	B	0.3%
OHI	B	0.29%
PNW	C	0.29%
CG	D	0.28%
TPR	C	0.28%
DKS	D	0.28%
FRT	C	0.28%
AFG	B	0.28%
TAP	D	0.28%
WTRG	D	0.28%
ARMK	B	0.28%
MUSA	D	0.28%
GL	C	0.28%
HSIC	C	0.27%
PRI	B	0.27%
FHN	D	0.27%
MOS	F	0.27%
GPK	B	0.27%
CHK	D	0.27%
KBR	D	0.27%
Z	B	0.26%
DCI	C	0.26%
ORI	B	0.26%
CHRD	F	0.26%
INGR	B	0.26%
HRB	C	0.26%
SOLV	C	0.26%
JEF	B	0.26%
STLD	F	0.26%
UNM	B	0.26%
EGP	B	0.26%
HAS	B	0.26%
MHK	C	0.25%
EVR	A	0.25%
NYT	C	0.25%
FLR	D	0.25%
SF	A	0.25%
NNN	C	0.25%
MKSI	F	0.24%
DINO	F	0.24%
KNX	C	0.24%
FMC	C	0.24%
ALSN	B	0.24%
FCN	D	0.24%
BRX	B	0.24%
LAD	D	0.24%
X	F	0.23%
BWA	D	0.23%
DOC	C	0.23%
AYI	B	0.23%
AIT	A	0.23%
OGE	C	0.23%
SNX	D	0.23%
SEIC	C	0.23%
ADC	C	0.22%
STAG	C	0.22%
GME	F	0.22%
NI	B	0.22%
AGNC	B	0.22%
CBSH	C	0.22%
BERY	B	0.22%
FR	B	0.22%
ANF	D	0.22%
CMA	B	0.22%
DTM	B	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	D	0.21%
OSK	F	0.21%
VOYA	B	0.21%
UFPI	C	0.21%
FYBR	C	0.21%
ARW	C	0.21%
ACHC	C	0.21%
WTFC	C	0.21%
DVA	B	0.21%
IVZ	B	0.21%
ZION	D	0.21%
RLI	B	0.2%
SAIC	C	0.2%
BIO	C	0.2%
TMHC	A	0.2%
ACI	F	0.2%
MTH	A	0.2%
BBWI	F	0.2%
RRC	D	0.2%
AAL	D	0.2%
JAZZ	D	0.2%
ONB	C	0.19%
XPO	D	0.19%
VFC	C	0.19%
SNV	C	0.19%
EVRG	B	0.19%
ESNT	B	0.19%
MAT	C	0.19%
FLS	D	0.19%
UHAL	A	0.19%
LEA	F	0.19%
R	A	0.18%
AXS	B	0.18%
AES	C	0.18%
CMC	D	0.18%
CLF	F	0.18%
STWD	A	0.18%
LPX	B	0.18%
RL	C	0.18%
FAF	B	0.18%
MOG.A	B	0.17%
AN	D	0.17%
BECN	D	0.17%
AA	D	0.17%
COOP	C	0.17%
VMI	D	0.17%
AGCO	D	0.17%
CBT	B	0.17%
ST	D	0.17%
ESI	D	0.17%
VNO	C	0.17%
CADE	C	0.17%
OMF	D	0.17%
COHR	C	0.17%
LUMN	C	0.16%
NXST	D	0.16%
BC	C	0.16%
UGI	C	0.16%
BCC	C	0.16%
TKR	D	0.16%
FNB	C	0.16%
KBH	A	0.16%
MUR	F	0.16%
VNT	F	0.16%
THO	D	0.16%
VVV	D	0.16%
RDN	C	0.16%
GAP	F	0.16%
KD	D	0.16%
WHR	D	0.16%
NFG	B	0.16%
SRCL	A	0.16%
LAMR	B	0.16%
QRVO	F	0.16%
LKQ	F	0.16%
SON	C	0.16%
PARA	F	0.16%
PVH	F	0.16%
SUM	D	0.15%
SWX	C	0.15%
ABG	D	0.15%
POR	C	0.15%
AM	C	0.15%
GATX	D	0.15%
HOMB	B	0.15%
IDA	C	0.15%
OLN	D	0.15%
MDU	C	0.15%
CTLT	B	0.15%
XRAY	D	0.15%
COLB	B	0.15%
HWC	D	0.14%
BCO	B	0.14%
THG	B	0.14%
JHG	B	0.14%
GPI	B	0.14%
SLM	D	0.14%
OZK	D	0.14%
KRC	C	0.13%
ASH	D	0.13%
M	F	0.13%
CUZ	B	0.13%
SLG	C	0.13%
FLO	C	0.13%
FFIN	B	0.13%
ACA	B	0.13%
KNF	B	0.13%
MDGL	F	0.13%
AVNT	B	0.13%
ZWS	A	0.13%
MATX	B	0.13%
WTM	D	0.13%
HOG	C	0.13%
PII	D	0.13%
NJR	B	0.13%
PSN	B	0.13%
RYN	C	0.13%
ALK	C	0.13%
LYFT	D	0.12%
SBRA	C	0.12%
PRGO	D	0.12%
TPG	B	0.12%
ESGR	D	0.12%
AR	F	0.12%
CNX	B	0.12%
UMBF	B	0.12%
ABCB	B	0.12%
BKH	B	0.12%
ASO	C	0.12%
WU	F	0.12%
GTES	C	0.12%
CPRI	D	0.12%
KTB	B	0.12%
ASGN	D	0.12%
CNXC	F	0.12%
PR	F	0.12%
AUR	C	0.12%
CRC	C	0.11%
EPR	B	0.11%
MTZ	B	0.11%
TEX	F	0.11%
ABM	D	0.11%
HUN	D	0.11%
UCBI	B	0.11%
AEO	F	0.11%
PNFP	B	0.11%
SANM	D	0.11%
ALE	B	0.11%
HASI	C	0.11%
PNM	B	0.11%
DXC	C	0.11%
PTEN	F	0.11%
SEM	D	0.11%
VLY	C	0.11%
MIDD	D	0.11%
IAC	C	0.11%
KMPR	D	0.11%
ICUI	B	0.11%
NCLH	C	0.11%
OGS	B	0.11%
COTY	F	0.1%
RUSHA	C	0.1%
NUVL	C	0.1%
WSFS	D	0.1%
EBC	B	0.1%
GVA	B	0.1%
SKT	B	0.1%
NWE	B	0.1%
SR	B	0.1%
RXO	D	0.1%
NHI	C	0.1%
AX	D	0.1%
FBP	C	0.1%
ATKR	F	0.1%
PAG	D	0.1%
HIW	B	0.1%
PBF	F	0.1%
MAC	B	0.1%
BNL	B	0.1%
PCH	C	0.1%
PLXS	A	0.1%
FULT	D	0.1%
MAN	C	0.1%
HL	C	0.1%
IBOC	D	0.1%
OTTR	F	0.1%
AUB	D	0.1%
SIG	C	0.1%
CC	F	0.09%
LXP	B	0.09%
IOVA	C	0.09%
FL	D	0.09%
AIN	D	0.09%
WEN	C	0.09%
GFF	D	0.09%
SKYW	C	0.09%
WAFD	C	0.09%
TNL	D	0.09%
CNK	C	0.09%
AVA	C	0.09%
SMG	C	0.09%
CATY	C	0.09%
GNW	B	0.09%
PK	D	0.09%
ALIT	D	0.09%
ESE	B	0.09%
BRC	C	0.09%
FHB	D	0.09%
TCBI	B	0.09%
MGEE	B	0.09%
APLE	D	0.09%
EAT	A	0.09%
AMED	C	0.09%
HCC	F	0.09%
AROC	D	0.09%
SYNA	F	0.09%
CBU	C	0.09%
INDB	C	0.08%
PRK	C	0.08%
VIRT	C	0.08%
RNG	F	0.08%
LSXMK	D	0.08%
SM	F	0.08%
BOH	D	0.08%
MGRC	F	0.08%
DEI	B	0.08%
MPW	C	0.08%
AAP	F	0.08%
TRN	D	0.08%
ATGE	D	0.08%
PFSI	C	0.08%
FHI	A	0.08%
HUBG	C	0.08%
BTU	D	0.08%
WLK	D	0.08%
POST	C	0.08%
ADTN	D	0.08%
CWK	B	0.08%
PENN	D	0.08%
CACC	F	0.08%
UNF	C	0.08%
IOSP	D	0.08%
PRIM	B	0.08%
AIR	C	0.07%
WERN	D	0.07%
PECO	B	0.07%
LAUR	C	0.07%
TOWN	B	0.07%
CRI	D	0.07%
AKR	B	0.07%
ENR	D	0.07%
VAC	F	0.07%
MC	B	0.07%
TGNA	D	0.07%
PFS	B	0.07%
ARCH	F	0.07%
ARCB	D	0.07%
BOKF	B	0.07%
URBN	F	0.07%
CWEN	C	0.07%
FFBC	D	0.07%
MTRN	F	0.07%
OUT	C	0.07%
HNI	C	0.07%
OSIS	D	0.07%
MYGN	C	0.07%
ABR	B	0.07%
CVBF	D	0.07%
PPBI	D	0.07%
MTX	F	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	B	0.07%
VSH	F	0.07%
BXMT	C	0.07%
COMP	C	0.07%
AZTA	F	0.07%
SFNC	B	0.07%
TTMI	D	0.06%
GOLF	D	0.06%
IVT	B	0.06%
ZG	B	0.06%
PRG	A	0.06%
VIAV	D	0.06%
BANF	B	0.06%
THS	C	0.06%
LITE	B	0.06%
JOBY	F	0.06%
OI	D	0.06%
GNL	C	0.06%
WLY	C	0.06%
SFBS	B	0.06%
EPC	F	0.06%
VGR	B	0.06%
AMN	F	0.06%
MIR	D	0.06%
IMVT	D	0.06%
KMT	B	0.06%
KSS	F	0.06%
OMCL	C	0.06%
IBTX	B	0.06%
SPR	D	0.06%
BANR	B	0.06%
NATL	D	0.06%
EQC	C	0.06%
HAYW	C	0.06%
MLKN	D	0.06%
HBI	B	0.06%
CTRE	C	0.06%
SHO	C	0.06%
TDS	C	0.06%
PINC	C	0.06%
STRA	F	0.06%
BLKB	C	0.06%
OFG	C	0.06%
JWN	C	0.06%
PHIN	B	0.06%
PSMT	B	0.06%
CDE	C	0.06%
SATS	C	0.06%
GTY	B	0.05%
REVG	D	0.05%
SHOO	B	0.05%
KN	D	0.05%
INFA	D	0.05%
LTC	C	0.05%
JBGS	C	0.05%
LEG	D	0.05%
STEP	B	0.05%
JBLU	D	0.05%
ANDE	D	0.05%
TROX	F	0.05%
PPC	D	0.05%
NBHC	D	0.05%
SCL	F	0.05%
FCF	C	0.05%
LRN	B	0.05%
CRGY	D	0.05%
CENTA	F	0.05%
LZB	C	0.05%
IDCC	C	0.05%
DRH	C	0.05%
NMRK	A	0.05%
VSAT	F	0.05%
NHC	D	0.05%
GEO	F	0.05%
CAKE	D	0.05%
LGND	C	0.05%
WSBC	D	0.05%
TRMK	C	0.05%
MCY	D	0.05%
VSCO	C	0.05%
VRNT	F	0.05%
VSTS	D	0.05%
ROIC	C	0.05%
EDR	A	0.05%
BHLB	B	0.04%
PBI	D	0.04%
AMRX	B	0.04%
PDM	B	0.04%
AIV	B	0.04%
KFRC	D	0.04%
INSW	D	0.04%
PMT	C	0.04%
VCTR	B	0.04%
DK	F	0.04%
AAT	B	0.04%
WS	D	0.04%
XRX	D	0.04%
MSGE	B	0.04%
UVV	D	0.04%
HELE	D	0.04%
BKE	B	0.04%
LC	D	0.04%
OXM	F	0.04%
BKD	D	0.04%
CAR	F	0.04%
PWSC	C	0.04%
NAVI	C	0.04%
SBH	B	0.04%
CODI	D	0.04%
WOR	D	0.04%
DNOW	D	0.04%
SPNT	C	0.04%
LADR	C	0.04%
ESRT	B	0.04%
UA	D	0.04%
GBX	C	0.04%
NGVT	D	0.04%
ALEX	B	0.04%
HP	F	0.04%
UAA	C	0.04%
BHE	D	0.04%
CXW	F	0.04%
NTCT	C	0.04%
DAN	F	0.04%
RRR	D	0.04%
APOG	B	0.04%
HEES	D	0.04%
HTH	C	0.04%
ARI	F	0.04%
BLMN	F	0.04%
GEF	D	0.04%
NWN	C	0.04%
UNFI	C	0.03%
DNUT	D	0.03%
BDN	B	0.03%
CGON	C	0.03%
FG	D	0.03%
PRAA	D	0.03%
CBRL	D	0.03%
NNI	B	0.03%
LGF.A	F	0.03%
CVI	F	0.03%
LEVI	C	0.03%
BV	C	0.03%
MD	C	0.03%
NX	F	0.03%
CWEN	C	0.03%
RBRK	F	0.03%
EMBC	C	0.03%
CMTG	D	0.03%
SIRI	C	0.03%
ETWO	C	0.03%
FA	B	0.03%
MATV	C	0.03%
UNIT	C	0.03%
RWT	B	0.03%
RKLB	C	0.03%
SNDR	B	0.03%
GIII	C	0.03%
HTLF	B	0.03%
DDS	F	0.03%
WWW	B	0.03%
ODP	F	0.03%
VSTO	C	0.03%
ATSG	D	0.03%
THR	D	0.03%
MRC	D	0.03%
CNNE	D	0.03%
DBRG	D	0.03%
WMK	C	0.03%
AVNS	B	0.03%
CSR	B	0.03%
ACT	B	0.03%
CARS	D	0.03%
FDP	C	0.03%
ECPG	D	0.03%
OMI	D	0.03%
KALU	F	0.03%
HE	F	0.03%
TILE	B	0.02%
HTLD	D	0.02%
FOR	C	0.02%
KREF	B	0.02%
SMR	D	0.02%
CNDT	C	0.02%
GES	F	0.02%
HY	F	0.02%
BGS	D	0.02%
BMBL	F	0.02%
UHAL	A	0.02%
SWI	B	0.02%
KELYA	D	0.02%
SMMT	C	0.02%
PRA	C	0.02%
CAL	F	0.02%
TMP	C	0.02%
AMC	F	0.02%
AXL	F	0.02%
HAIN	D	0.02%
USM	C	0.02%
PUMP	D	0.02%
XHR	B	0.02%
HPP	D	0.02%
RGR	D	0.02%
MATW	F	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
ASTE	D	0.02%
MNRO	D	0.02%
HLF	F	0.02%
SVC	D	0.02%
BRSP	D	0.02%
KOP	F	0.02%
PEB	D	0.02%
HCSG	C	0.02%
SAH	D	0.02%
WNC	F	0.02%
MEI	D	0.01%
UFCS	D	0.01%
RDUS	D	0.01%
OPK	C	0.01%
NPK	D	0.01%
OLPX	C	0.01%
WOOF	C	0.01%
BRCC	F	0.01%
ALX	B	0.01%
ZIP	D	0.01%
KRO	D	0.01%
DJT	F	0.01%
CRCT	C	0.01%
TGI	F	0.01%
SRCL	A	0.01%
TRTX	C	0.01%
EE	B	0.01%
AMCX	F	0.01%
EGBN	C	0.01%
RUSHB	C	0.01%
SWBI	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
BJRI	D	0.01%
WRLD	D	0.01%
PCRX	F	0.01%
INN	B	0.01%
CMP	D	0.01%
FWRD	C	0.01%
RMR	C	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	C	0.01%
GRC	D	0.01%
NABL	D	0.01%
NUS	F	0.01%
PTVE	D	0.01%
UDMY	D	0.01%
DAWN	D	0.01%
TWKS	C	0.01%
CCO	C	0.01%
CWH	C	0.01%
GCMG	B	0.01%
CLB	D	0.01%
DIN	F	0.01%
USNA	F	0.01%
CLBK	C	0.01%
JACK	F	0.01%
NVRI	D	0.01%
LGF.A	F	0.01%
BFS	B	0.01%
AMBC	D	0.01%
SSP	F	0.0%
SCWX	C	0.0%
AC	C	0.0%
TTEC	F	0.0%
CRNC	F	0.0%
SAVE	F	0.0%
CHGG	F	0.0%
ACDC	F	0.0%
UHT	B	0.0%
DBI	F	0.0%
GEF	D	0.0%
LDI	C	0.0%

VBR Underweight 209 Positions Relative to JSTC

Symbol	Grade	Weight
AFL	C	-2.34%
MRK	D	-2.18%
V	C	-1.86%
GGG	C	-1.47%
XYL	D	-1.39%
ADP	B	-1.39%
PGR	B	-1.35%
SPGI	B	-1.29%
SNA	C	-1.27%
ROP	C	-1.14%
ADBE	F	-1.13%
BMY	C	-1.11%
NDAQ	A	-1.1%
MTB	B	-1.09%
DHR	B	-1.04%
GWW	B	-1.04%
NDSN	C	-1.03%
NTAP	D	-1.02%
NXPI	F	-1.0%
MCO	B	-0.99%
PAYX	C	-0.96%
K	B	-0.93%
URI	B	-0.87%
NOW	B	-0.79%
MAS	B	-0.78%
ISRG	B	-0.78%
WTW	C	-0.76%
CDNS	D	-0.69%
PWR	B	-0.68%
MELI	B	-0.63%
IT	B	-0.61%
BUD	C	-0.6%
VRSN	D	-0.53%
ADSK	C	-0.53%
MSCI	C	-0.53%
CDW	D	-0.52%
ANSS	D	-0.51%
SSNC	B	-0.51%
TW	B	-0.51%
EA	D	-0.49%
PSTG	F	-0.44%
VRTX	D	-0.43%
BAP	B	-0.41%
WSO	C	-0.4%
DOX	C	-0.36%
PTC	D	-0.35%
IDXX	C	-0.32%
BR	D	-0.32%
WAT	C	-0.3%
MTD	D	-0.3%
POOL	C	-0.29%
RMD	C	-0.28%
APP	C	-0.27%
OTEX	D	-0.26%
FDS	C	-0.26%
VEEV	C	-0.26%
CHT	B	-0.21%
JKHY	B	-0.2%
MOH	D	-0.19%
NU	B	-0.19%
WST	D	-0.17%
CRWD	D	-0.16%
AKAM	D	-0.16%
TTWO	C	-0.16%
CWT	C	-0.14%
EPAC	B	-0.13%
INSM	D	-0.13%
HUBS	D	-0.13%
RYAN	D	-0.13%
DDOG	D	-0.13%
SRCE	D	-0.12%
BIIB	F	-0.12%
DT	C	-0.12%
NET	D	-0.11%
TEAM	D	-0.1%
TECH	C	-0.09%
LOGI	D	-0.09%
BYD	C	-0.08%
GWRE	A	-0.07%
TTC	D	-0.07%
SJW	C	-0.07%
HLI	B	-0.07%
DLB	F	-0.07%
MDB	D	-0.06%
PODD	B	-0.06%
SSD	D	-0.06%
TWLO	D	-0.06%
KWR	D	-0.06%
WEX	C	-0.06%
SYBT	A	-0.06%
BSIG	B	-0.06%
RPRX	C	-0.06%
IBP	D	-0.06%
CHE	C	-0.05%
CBZ	F	-0.05%
SPNS	D	-0.05%
HRI	D	-0.05%
FTDR	B	-0.05%
FSS	D	-0.05%
PHR	D	-0.04%
WSC	D	-0.04%
IMAX	C	-0.04%
INSP	C	-0.04%
DOCU	C	-0.04%
ACIW	C	-0.04%
FLUT	B	-0.04%
VCYT	B	-0.04%
KAI	C	-0.04%
AZEK	C	-0.04%
SITE	C	-0.04%
TNET	F	-0.04%
IGT	D	-0.04%
MKTX	C	-0.04%
RH	B	-0.03%
EEFT	D	-0.03%
BOX	C	-0.03%
QTWO	A	-0.03%
HALO	C	-0.03%
FN	D	-0.03%
SMAR	C	-0.03%
CVLT	B	-0.03%
MASI	F	-0.03%
DOOO	F	-0.03%
EVH	C	-0.03%
ALTR	D	-0.03%
BL	D	-0.03%
MOD	A	-0.03%
MRNA	F	-0.03%
CNMD	D	-0.03%
TFSL	C	-0.03%
LCII	C	-0.03%
NOVT	D	-0.03%
FRPT	B	-0.03%
NOMD	B	-0.03%
BMRN	F	-0.03%
CCS	B	-0.03%
CGNX	F	-0.03%
AAON	B	-0.03%
LNW	B	-0.03%
CSWI	B	-0.03%
PRO	F	-0.03%
VRNS	C	-0.03%
GKOS	C	-0.03%
EXLS	B	-0.03%
ALNY	C	-0.03%
MMSI	B	-0.03%
PCOR	F	-0.02%
ASAN	F	-0.02%
YMM	D	-0.02%
FOXF	D	-0.02%
NTLA	F	-0.02%
KLIC	F	-0.02%
MEDP	F	-0.02%
NTNX	C	-0.02%
AMBA	C	-0.02%
BLD	D	-0.02%
NBIX	F	-0.02%
VC	F	-0.02%
ACLS	F	-0.02%
GRAB	C	-0.02%
RGEN	D	-0.02%
RPD	F	-0.02%
TDOC	D	-0.02%
RCKT	D	-0.02%
GH	D	-0.02%
WK	D	-0.02%
TENB	F	-0.02%
YETI	D	-0.02%
SPSC	D	-0.02%
WIX	D	-0.02%
TNC	F	-0.02%
MNDY	B	-0.02%
AXNX	B	-0.02%
FIX	B	-0.02%
GTLB	D	-0.02%
PRFT	B	-0.02%
CALX	D	-0.02%
PCTY	C	-0.02%
CFLT	F	-0.02%
MGNI	D	-0.02%
RMBS	F	-0.02%
HCP	B	-0.02%
CYBR	D	-0.02%
SRPT	D	-0.02%
PRVA	F	-0.02%
GEHC	C	-0.02%
MANH	B	-0.02%
LII	B	-0.02%
ONON	C	-0.02%
KNSL	C	-0.02%
POWI	F	-0.02%
OPCH	C	-0.02%
PLMR	C	-0.02%
EXTR	C	-0.02%
QLYS	F	-0.02%
ROG	F	-0.02%
SLAB	D	-0.02%
IONS	F	-0.02%
EXEL	C	-0.02%
LNTH	D	-0.02%
HAE	F	-0.02%
QFIN	B	-0.02%
CELH	F	-0.01%
IQ	F	-0.01%
CNM	F	-0.01%
TREX	D	-0.01%
VRT	C	-0.01%
FORM	F	-0.01%
SHLS	D	-0.01%