VBR vs. JVAL ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to JPMorgan U.S. Value Factor ETF (JVAL)

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

$196.98

Average Daily Volume

429,197

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$42.86

Average Daily Volume

96,401

Number of Holdings ^*

358

* may have additional holdings in another (foreign) market

Performance

Period	VBR	JVAL
30 Days	0.40%	0.50%
60 Days	5.89%	6.34%
90 Days	9.73%	6.03%
12 Months	31.22%	30.17%

169 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in JVAL	Overlap
AAP	F	0.08%	0.1%	0.08%
ACI	F	0.2%	0.17%	0.17%
ADTN	B	0.08%	0.11%	0.08%
AGCO	D	0.17%	0.19%	0.17%
AGNC	C	0.22%	0.12%	0.12%
AGO	B	0.12%	0.18%	0.12%
AL	D	0.14%	0.05%	0.05%
ALLY	F	0.35%	0.2%	0.2%
ALSN	A	0.24%	0.24%	0.24%
AMKR	F	0.11%	0.09%	0.09%
AN	C	0.17%	0.22%	0.17%
ARMK	A	0.28%	0.13%	0.13%
ARW	C	0.21%	0.23%	0.21%
AVT	C	0.15%	0.22%	0.15%
AXS	A	0.18%	0.15%	0.15%
AYI	A	0.23%	0.17%	0.17%
BBWI	F	0.2%	0.13%	0.13%
BC	D	0.16%	0.21%	0.16%
BERY	C	0.22%	0.2%	0.2%
BG	F	0.42%	0.16%	0.16%
BLDR	B	0.62%	0.27%	0.27%
BOKF	D	0.07%	0.09%	0.07%
BPOP	D	0.22%	0.22%	0.22%
BRX	C	0.24%	0.01%	0.01%
BWA	B	0.23%	0.16%	0.16%
CACC	F	0.08%	0.14%	0.08%
CACI	A	0.32%	0.24%	0.24%
CCK	C	0.32%	0.23%	0.23%
CHK	D	0.27%	0.21%	0.21%
CLF	D	0.18%	0.02%	0.02%
CMA	C	0.22%	0.2%	0.2%
CNXC	F	0.12%	0.14%	0.12%
COLB	C	0.15%	0.16%	0.15%
CPRI	B	0.12%	0.03%	0.03%
CRI	D	0.07%	0.19%	0.07%
CRUS	D	0.23%	0.2%	0.2%
CUZ	C	0.13%	0.11%	0.11%
CWEN	C	0.07%	0.11%	0.07%
CWEN	C	0.03%	0.11%	0.03%
DDS	D	0.03%	0.11%	0.03%
DINO	F	0.24%	0.18%	0.18%
DKS	D	0.28%	0.24%	0.24%
DNB	D	0.12%	0.2%	0.12%
DXC	D	0.11%	0.15%	0.11%
EHC	B	0.28%	0.15%	0.15%
EPAM	F	0.16%	0.22%	0.16%
EPR	C	0.11%	0.21%	0.11%
EVRG	C	0.19%	0.24%	0.19%
FAF	B	0.18%	0.19%	0.18%
FFIV	B	0.35%	0.25%	0.25%
FHB	D	0.09%	0.11%	0.09%
FHN	D	0.27%	0.15%	0.15%
FMC	B	0.24%	0.14%	0.14%
FNB	D	0.16%	0.18%	0.16%
FTRE	F	0.06%	0.07%	0.06%
G	A	0.21%	0.12%	0.12%
GAP	F	0.16%	0.18%	0.16%
GLPI	A	0.39%	0.14%	0.14%
GPK	C	0.27%	0.22%	0.22%
GTES	C	0.12%	0.11%	0.11%
HII	F	0.33%	0.21%	0.21%
HIW	C	0.1%	0.21%	0.1%
HOG	D	0.13%	0.21%	0.13%
HRB	C	0.26%	0.22%	0.22%
HSIC	D	0.27%	0.07%	0.07%
HUN	B	0.11%	0.03%	0.03%
IAC	C	0.11%	0.12%	0.11%
INFA	D	0.05%	0.12%	0.05%
INGR	A	0.26%	0.15%	0.15%
IPG	C	0.36%	0.19%	0.19%
IPGP	D	0.05%	0.14%	0.05%
IVZ	A	0.21%	0.19%	0.19%
JAZZ	F	0.2%	0.12%	0.12%
JBL	D	0.37%	0.29%	0.29%
JEF	A	0.26%	0.24%	0.24%
JHG	C	0.14%	0.17%	0.14%
JWN	D	0.06%	0.16%	0.06%
KBR	C	0.27%	0.23%	0.23%
KIM	C	0.46%	0.22%	0.22%
KRC	C	0.13%	0.15%	0.13%
KSS	D	0.06%	0.2%	0.06%
LAD	C	0.24%	0.2%	0.2%
LDOS	A	0.31%	0.27%	0.27%
LEA	F	0.19%	0.15%	0.15%
LEG	D	0.05%	0.12%	0.05%
LKQ	F	0.16%	0.17%	0.16%
LNC	D	0.16%	0.07%	0.07%
LPX	A	0.18%	0.12%	0.12%
M	F	0.13%	0.19%	0.13%
MAN	D	0.1%	0.2%	0.1%
MDU	C	0.15%	0.2%	0.15%
MOS	D	0.27%	0.22%	0.22%
MPW	C	0.08%	0.12%	0.08%
MSM	D	0.11%	0.19%	0.11%
MTG	B	0.2%	0.22%	0.2%
MUSA	D	0.28%	0.16%	0.16%
NFG	A	0.16%	0.2%	0.16%
NNN	A	0.25%	0.12%	0.12%
NVT	D	0.33%	0.03%	0.03%
NWL	D	0.08%	0.1%	0.08%
NXST	D	0.16%	0.21%	0.16%
OC	C	0.43%	0.24%	0.24%
OGE	A	0.23%	0.22%	0.22%
OGN	F	0.17%	0.07%	0.07%
OHI	C	0.29%	0.23%	0.23%
OMF	F	0.17%	0.19%	0.17%
ORI	B	0.26%	0.22%	0.22%
OSK	F	0.21%	0.21%	0.21%
OVV	F	0.34%	0.17%	0.17%
OZK	F	0.14%	0.12%	0.12%
PAG	D	0.1%	0.19%	0.1%
PARA	F	0.16%	0.12%	0.12%
PB	D	0.2%	0.13%	0.13%
PII	D	0.13%	0.12%	0.12%
PINC	F	0.06%	0.1%	0.06%
PK	D	0.09%	0.14%	0.09%
PNR	C	0.43%	0.27%	0.27%
PNW	A	0.29%	0.22%	0.22%
POST	C	0.08%	0.13%	0.08%
PPC	B	0.05%	0.07%	0.05%
PR	F	0.12%	0.12%	0.12%
PRGO	F	0.12%	0.1%	0.1%
PSN	A	0.13%	0.14%	0.13%
PVH	F	0.16%	0.16%	0.16%
QRVO	F	0.16%	0.22%	0.16%
R	C	0.18%	0.23%	0.18%
REG	C	0.39%	0.12%	0.12%
RGA	C	0.43%	0.09%	0.09%
RHI	D	0.18%	0.17%	0.17%
RL	B	0.18%	0.22%	0.18%
RS	D	0.48%	0.25%	0.25%
SAIC	A	0.2%	0.22%	0.2%
SCI	C	0.32%	0.23%	0.23%
SEE	C	0.15%	0.1%	0.1%
SJM	C	0.17%	0.16%	0.16%
SLGN	C	0.12%	0.21%	0.12%
SNDR	C	0.03%	0.1%	0.03%
SNV	D	0.19%	0.19%	0.19%
SNX	C	0.23%	0.23%	0.23%
SOLV	C	0.26%	0.05%	0.05%
SON	D	0.16%	0.13%	0.13%
SPB	C	0.08%	0.1%	0.08%
ST	F	0.17%	0.21%	0.17%
STWD	C	0.18%	0.18%	0.18%
TAP	D	0.28%	0.22%	0.22%
TDC	D	0.08%	0.12%	0.08%
TFX	C	0.34%	0.09%	0.09%
THC	C	0.48%	0.22%	0.22%
THO	B	0.16%	0.19%	0.16%
TNL	B	0.09%	0.16%	0.09%
TOL	A	0.44%	0.26%	0.26%
TPR	B	0.28%	0.22%	0.22%
UGI	C	0.16%	0.21%	0.16%
UHAL	A	0.02%	0.04%	0.02%
UHAL	A	0.19%	0.04%	0.04%
UHS	D	0.4%	0.25%	0.25%
UNM	A	0.26%	0.24%	0.24%
UTHR	C	0.47%	0.23%	0.23%
VAC	D	0.07%	0.17%	0.07%
VFC	B	0.19%	0.08%	0.08%
VOYA	A	0.21%	0.1%	0.1%
WAL	C	0.25%	0.21%	0.21%
WBS	D	0.24%	0.13%	0.13%
WCC	C	0.25%	0.23%	0.23%
WEN	D	0.09%	0.14%	0.09%
WHR	B	0.16%	0.19%	0.16%
WSM	B	0.4%	0.25%	0.25%
WU	D	0.12%	0.19%	0.12%
ZION	D	0.21%	0.15%	0.15%

VBR Overweight 626 Positions Relative to JVAL

Symbol	Grade	Weight
SW	C	0.72%
FCNCA	D	0.65%
BAH	A	0.6%
CSL	A	0.59%
ATO	A	0.54%
EME	C	0.54%
NRG	A	0.52%
IEX	D	0.46%
RPM	A	0.44%
USFD	C	0.43%
EQH	C	0.41%
RNR	A	0.4%
ACM	C	0.4%
KMX	F	0.39%
CPT	C	0.39%
JNPR	B	0.37%
TTEK	B	0.37%
JLL	B	0.36%
ALLE	A	0.36%
BRO	A	0.35%
EMN	C	0.35%
ITT	B	0.34%
CHRW	A	0.34%
PFGC	A	0.34%
EWBC	D	0.34%
RRX	C	0.33%
RIVN	F	0.33%
HUBB	A	0.32%
SFM	A	0.31%
APA	F	0.31%
BJ	D	0.31%
BXP	C	0.31%
ATR	A	0.3%
AIZ	A	0.3%
CG	C	0.28%
FRT	D	0.28%
AFG	C	0.28%
WTRG	D	0.28%
GL	C	0.28%
PRI	A	0.27%
Z	C	0.26%
DCI	B	0.26%
APG	F	0.26%
CHRD	F	0.26%
STLD	B	0.26%
EGP	D	0.26%
HAS	A	0.26%
MHK	B	0.25%
EVR	C	0.25%
NYT	A	0.25%
FLR	D	0.25%
SF	A	0.25%
MKSI	F	0.24%
KNX	D	0.24%
AXTA	C	0.24%
FCN	C	0.24%
X	F	0.23%
CR	B	0.23%
DOC	C	0.23%
MLI	C	0.23%
AIT	B	0.23%
SEIC	B	0.23%
ADC	B	0.22%
STAG	D	0.22%
SSB	C	0.22%
GME	F	0.22%
NI	A	0.22%
CBSH	D	0.22%
FR	C	0.22%
ANF	F	0.22%
DTM	A	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	D	0.21%
NSIT	B	0.21%
UFPI	C	0.21%
FYBR	C	0.21%
ACHC	F	0.21%
WTFC	D	0.21%
DVA	C	0.21%
RLI	A	0.2%
BIO	B	0.2%
TMHC	C	0.2%
MSA	F	0.2%
MTH	C	0.2%
JXN	A	0.2%
RRC	D	0.2%
AAL	D	0.2%
ONB	D	0.19%
XPO	F	0.19%
CFR	D	0.19%
ESNT	C	0.19%
MAT	D	0.19%
FLS	A	0.19%
ESAB	C	0.18%
AES	B	0.18%
CMC	D	0.18%
MOG.A	A	0.17%
BECN	F	0.17%
AA	B	0.17%
COOP	B	0.17%
VMI	B	0.17%
CBT	B	0.17%
ESI	B	0.17%
VNO	A	0.17%
CADE	D	0.17%
COHR	B	0.17%
LUMN	C	0.16%
BCC	C	0.16%
TKR	D	0.16%
GBCI	C	0.16%
WTS	C	0.16%
KBH	C	0.16%
MUR	F	0.16%
VNT	F	0.16%
VVV	D	0.16%
RDN	D	0.16%
KD	F	0.16%
SRCL	B	0.16%
LAMR	C	0.16%
SIGI	D	0.16%
AMG	B	0.16%
SUM	D	0.15%
SWX	C	0.15%
ABG	D	0.15%
POR	C	0.15%
AM	A	0.15%
GATX	F	0.15%
HOMB	D	0.15%
IDA	C	0.15%
OLN	D	0.15%
CTLT	A	0.15%
XRAY	D	0.15%
UBSI	D	0.15%
HWC	D	0.14%
FUL	F	0.14%
BCO	C	0.14%
THG	C	0.14%
GPI	C	0.14%
SLM	C	0.14%
ASH	F	0.13%
ITGR	C	0.13%
BDC	B	0.13%
SLG	C	0.13%
FLO	D	0.13%
FFIN	D	0.13%
ACA	C	0.13%
KNF	C	0.13%
MDGL	F	0.13%
AVNT	C	0.13%
ZWS	A	0.13%
MATX	C	0.13%
WTM	D	0.13%
NJR	C	0.13%
RYN	C	0.13%
ALK	B	0.13%
PIPR	B	0.13%
LYFT	D	0.12%
SBRA	C	0.12%
TPG	B	0.12%
ESGR	D	0.12%
AR	B	0.12%
TPH	C	0.12%
CNX	A	0.12%
UMBF	C	0.12%
ABCB	C	0.12%
ENS	D	0.12%
BKH	C	0.12%
ASO	D	0.12%
KTB	B	0.12%
ASGN	D	0.12%
AUR	C	0.12%
CRC	B	0.11%
CNO	C	0.11%
MTZ	B	0.11%
BGC	C	0.11%
TEX	F	0.11%
ABM	D	0.11%
UCBI	B	0.11%
AEO	B	0.11%
PNFP	D	0.11%
SANM	D	0.11%
ALE	A	0.11%
HASI	C	0.11%
PNM	B	0.11%
PTEN	F	0.11%
PBH	D	0.11%
SEM	D	0.11%
VLY	C	0.11%
MIDD	D	0.11%
KFY	C	0.11%
KMPR	D	0.11%
ICUI	B	0.11%
NCLH	C	0.11%
OGS	C	0.11%
COTY	F	0.1%
RUSHA	D	0.1%
NUVL	B	0.1%
ASB	F	0.1%
WSFS	D	0.1%
EBC	D	0.1%
SXT	C	0.1%
GVA	A	0.1%
SKT	A	0.1%
NWE	B	0.1%
SR	C	0.1%
RXO	D	0.1%
NHI	C	0.1%
AX	D	0.1%
NSP	F	0.1%
NPO	C	0.1%
FBP	D	0.1%
ATKR	F	0.1%
WD	C	0.1%
PBF	F	0.1%
MAC	C	0.1%
BNL	C	0.1%
PCH	C	0.1%
GMS	C	0.1%
PLXS	B	0.1%
FULT	D	0.1%
HL	C	0.1%
IBOC	D	0.1%
OTTR	F	0.1%
AUB	D	0.1%
SIG	C	0.1%
CC	D	0.09%
LXP	D	0.09%
IOVA	F	0.09%
FL	F	0.09%
AIN	F	0.09%
GFF	C	0.09%
SKYW	B	0.09%
WAFD	D	0.09%
CNK	C	0.09%
AVA	D	0.09%
SMG	A	0.09%
AWR	A	0.09%
CATY	D	0.09%
GNW	C	0.09%
ALIT	D	0.09%
ESE	B	0.09%
BRC	C	0.09%
TCBI	C	0.09%
MGEE	C	0.09%
NVST	D	0.09%
APLE	D	0.09%
EAT	A	0.09%
AMED	D	0.09%
HCC	B	0.09%
AROC	B	0.09%
SYNA	D	0.09%
CBU	D	0.09%
INDB	D	0.08%
PRK	D	0.08%
ENOV	F	0.08%
VIRT	B	0.08%
RNG	F	0.08%
LSXMK	D	0.08%
SM	F	0.08%
BOH	D	0.08%
MGRC	D	0.08%
DEI	A	0.08%
TRN	C	0.08%
ATGE	D	0.08%
PFSI	C	0.08%
FHI	C	0.08%
FIBK	D	0.08%
APAM	C	0.08%
HUBG	D	0.08%
REZI	D	0.08%
BTU	B	0.08%
WLK	C	0.08%
CWK	C	0.08%
PENN	D	0.08%
BHF	F	0.08%
UNF	A	0.08%
BKU	D	0.08%
IOSP	F	0.08%
PRIM	C	0.08%
AIR	D	0.07%
WERN	D	0.07%
ZD	D	0.07%
PECO	C	0.07%
LAUR	C	0.07%
TOWN	D	0.07%
FRME	D	0.07%
HI	F	0.07%
AKR	C	0.07%
ENR	B	0.07%
MC	C	0.07%
AZZ	C	0.07%
TGNA	B	0.07%
PFS	D	0.07%
ARCH	D	0.07%
ARCB	D	0.07%
URBN	F	0.07%
FFBC	D	0.07%
MTRN	F	0.07%
OUT	C	0.07%
HNI	B	0.07%
OSIS	B	0.07%
DY	C	0.07%
MYGN	D	0.07%
ABR	C	0.07%
CVBF	B	0.07%
PPBI	F	0.07%
GHC	B	0.07%
MTX	B	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	C	0.07%
PRGS	B	0.07%
VSH	F	0.07%
BXMT	C	0.07%
COMP	C	0.07%
AZTA	F	0.07%
SFNC	C	0.07%
KAR	D	0.06%
TTMI	D	0.06%
HURN	D	0.06%
GOLF	F	0.06%
IVT	C	0.06%
ZG	C	0.06%
PRG	C	0.06%
VIAV	B	0.06%
B	C	0.06%
BANF	D	0.06%
THS	C	0.06%
LITE	A	0.06%
JOBY	D	0.06%
OI	D	0.06%
GNL	D	0.06%
WLY	A	0.06%
SFBS	D	0.06%
EPC	F	0.06%
VGR	B	0.06%
AMN	F	0.06%
MIR	B	0.06%
IMVT	F	0.06%
KMT	C	0.06%
OMCL	C	0.06%
IBTX	D	0.06%
SPR	D	0.06%
BANR	C	0.06%
NATL	D	0.06%
EQC	D	0.06%
HAYW	B	0.06%
RNST	D	0.06%
MLKN	F	0.06%
SXI	C	0.06%
HBI	B	0.06%
CTRE	B	0.06%
SHO	D	0.06%
TDS	B	0.06%
STRA	F	0.06%
BLKB	C	0.06%
OFG	D	0.06%
PHIN	C	0.06%
NBTB	D	0.06%
PSMT	B	0.06%
CDE	C	0.06%
EVTC	D	0.06%
SATS	C	0.06%
GTY	C	0.05%
STBA	D	0.05%
REVG	D	0.05%
SHOO	A	0.05%
KN	C	0.05%
LTC	D	0.05%
JBGS	C	0.05%
STEP	A	0.05%
JBLU	B	0.05%
ANDE	D	0.05%
TROX	D	0.05%
REYN	D	0.05%
NBHC	D	0.05%
SCL	D	0.05%
CHCO	D	0.05%
FCF	D	0.05%
LRN	C	0.05%
GO	F	0.05%
CRGY	B	0.05%
CENTA	F	0.05%
LZB	C	0.05%
IDCC	A	0.05%
DRH	C	0.05%
NWBI	D	0.05%
NMRK	A	0.05%
VSAT	F	0.05%
NHC	D	0.05%
GEO	F	0.05%
CAKE	A	0.05%
LGND	D	0.05%
PDCO	F	0.05%
WSBC	D	0.05%
TRMK	D	0.05%
MCY	B	0.05%
SUPN	D	0.05%
VSCO	C	0.05%
VRNT	F	0.05%
VSTS	D	0.05%
ROIC	C	0.05%
EDR	A	0.05%
BHLB	D	0.04%
SCS	D	0.04%
PBI	C	0.04%
AMRX	B	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
EIG	B	0.04%
INSW	B	0.04%
JELD	D	0.04%
PMT	C	0.04%
VCTR	B	0.04%
DK	F	0.04%
AAT	C	0.04%
SAFT	D	0.04%
WS	D	0.04%
XRX	D	0.04%
MSGE	A	0.04%
UVV	D	0.04%
HELE	D	0.04%
BKE	D	0.04%
LC	B	0.04%
OXM	F	0.04%
BKD	D	0.04%
WABC	F	0.04%
CAR	D	0.04%
PWSC	C	0.04%
NAVI	D	0.04%
SBH	C	0.04%
CODI	D	0.04%
IART	F	0.04%
CSGS	C	0.04%
WOR	F	0.04%
DNOW	F	0.04%
SPNT	D	0.04%
LADR	D	0.04%
ESRT	C	0.04%
UA	B	0.04%
VRTS	F	0.04%
GBX	C	0.04%
NGVT	D	0.04%
ALEX	D	0.04%
HP	F	0.04%
UAA	B	0.04%
BHE	C	0.04%
CXW	F	0.04%
NTCT	B	0.04%
HMN	B	0.04%
HOPE	D	0.04%
DAN	D	0.04%
RRR	D	0.04%
APOG	B	0.04%
HEES	D	0.04%
HTH	D	0.04%
ARI	F	0.04%
BLMN	F	0.04%
GEF	D	0.04%
NWN	C	0.04%
UNFI	B	0.03%
DNUT	D	0.03%
BDN	A	0.03%
CGON	C	0.03%
BRKL	D	0.03%
FG	B	0.03%
PRAA	F	0.03%
CBRL	D	0.03%
NNI	C	0.03%
LGF.A	F	0.03%
CVI	F	0.03%
LEVI	B	0.03%
BV	B	0.03%
DLX	F	0.03%
MD	B	0.03%
NX	F	0.03%
MMI	C	0.03%
RBRK	F	0.03%
EMBC	F	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	F	0.03%
FA	A	0.03%
MATV	F	0.03%
UNIT	B	0.03%
RWT	C	0.03%
RKLB	B	0.03%
GIII	C	0.03%
HTLF	C	0.03%
INVA	B	0.03%
TRS	D	0.03%
WWW	A	0.03%
ODP	F	0.03%
VSTO	D	0.03%
ATSG	B	0.03%
THR	F	0.03%
MRC	D	0.03%
CNNE	F	0.03%
DBRG	D	0.03%
WMK	D	0.03%
AVNS	D	0.03%
CSR	D	0.03%
ACT	C	0.03%
CARS	F	0.03%
FDP	C	0.03%
ECPG	F	0.03%
OMI	F	0.03%
SCSC	D	0.03%
KALU	D	0.03%
HE	F	0.03%
TILE	C	0.02%
HTLD	F	0.02%
FOR	D	0.02%
MXL	F	0.02%
KREF	C	0.02%
SMR	B	0.02%
CNDT	B	0.02%
GES	F	0.02%
SCHL	F	0.02%
HY	F	0.02%
BGS	D	0.02%
BMBL	F	0.02%
SWI	C	0.02%
KELYA	D	0.02%
CFFN	D	0.02%
SMMT	D	0.02%
PRA	B	0.02%
CAL	F	0.02%
TMP	D	0.02%
AMC	F	0.02%
AMWD	B	0.02%
AXL	F	0.02%
HAIN	B	0.02%
USM	C	0.02%
PUMP	F	0.02%
XHR	B	0.02%
HPP	F	0.02%
RGR	F	0.02%
HLIO	B	0.02%
MATW	F	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
ASTE	F	0.02%
MNRO	B	0.02%
PRLB	F	0.02%
HLF	F	0.02%
SVC	F	0.02%
BRSP	D	0.02%
PZZA	D	0.02%
CABO	F	0.02%
KOP	F	0.02%
PEB	D	0.02%
HCSG	D	0.02%
SAH	D	0.02%
EYE	F	0.02%
WNC	F	0.02%
MEI	D	0.01%
UFCS	D	0.01%
PACB	F	0.01%
RDUS	D	0.01%
OPK	D	0.01%
NPK	F	0.01%
OLPX	C	0.01%
WOOF	A	0.01%
BRCC	F	0.01%
ALX	C	0.01%
ZIP	D	0.01%
KRO	B	0.01%
DJT	F	0.01%
CRCT	C	0.01%
TGI	F	0.01%
SRCL	B	0.01%
TRTX	D	0.01%
EE	A	0.01%
AMCX	F	0.01%
EGBN	B	0.01%
RUSHB	D	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	A	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	B	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	B	0.01%
GRC	B	0.01%
NABL	F	0.01%
NUS	F	0.01%
PTVE	D	0.01%
UDMY	F	0.01%
DAWN	D	0.01%
TWKS	B	0.01%
CCO	D	0.01%
CWH	C	0.01%
GCMG	A	0.01%
CLB	D	0.01%
DIN	D	0.01%
USNA	F	0.01%
CLBK	F	0.01%
JACK	F	0.01%
NVRI	D	0.01%
LGF.A	F	0.01%
BFS	A	0.01%
AMBC	F	0.01%
VREX	F	0.01%
SSP	F	0.0%
SCWX	B	0.0%
AC	B	0.0%
TTEC	D	0.0%
CRNC	F	0.0%
SAVE	F	0.0%
CHGG	F	0.0%
ACDC	D	0.0%
UHT	C	0.0%
DBI	F	0.0%
GEF	D	0.0%
LDI	C	0.0%

VBR Underweight 191 Positions Relative to JVAL

Symbol	Grade	Weight
META	A	-2.14%
AVGO	C	-2.04%
GOOGL	B	-2.04%
AAPL	C	-1.95%
MSFT	D	-1.86%
UNH	B	-1.73%
JNJ	D	-1.32%
ORCL	B	-1.14%
CRM	B	-1.11%
IBM	B	-0.92%
CAT	A	-0.88%
QCOM	D	-0.87%
TXN	C	-0.86%
AMAT	B	-0.83%
HD	A	-0.82%
MRK	F	-0.78%
INTU	F	-0.75%
PFE	D	-0.73%
AMGN	D	-0.71%
CSCO	A	-0.7%
CVX	B	-0.68%
T	A	-0.65%
LRCX	D	-0.6%
C	B	-0.6%
ADI	C	-0.6%
KLAC	B	-0.59%
INTC	D	-0.59%
ELV	F	-0.58%
MDT	B	-0.54%
PM	C	-0.52%
CI	D	-0.51%
APH	D	-0.48%
MU	D	-0.48%
RTX	A	-0.48%
MO	D	-0.48%
CMCSA	B	-0.47%
GILD	A	-0.47%
BMY	B	-0.45%
CVS	D	-0.45%
MRVL	C	-0.41%
APP	A	-0.4%
BAC	D	-0.4%
TFC	D	-0.39%
BK	C	-0.39%
FDX	D	-0.39%
JCI	B	-0.39%
COF	C	-0.39%
ROP	C	-0.39%
GD	A	-0.38%
MPC	F	-0.38%
PSX	D	-0.38%
USB	C	-0.38%
DHI	C	-0.38%
GM	D	-0.36%
VRT	B	-0.36%
CMI	B	-0.36%
PRU	C	-0.35%
MCHP	F	-0.35%
DELL	C	-0.35%
AIG	F	-0.35%
TGT	C	-0.35%
F	D	-0.34%
DD	B	-0.34%
LEN	B	-0.34%
KMI	A	-0.33%
HPQ	C	-0.33%
GLW	B	-0.33%
PCAR	D	-0.33%
EBAY	A	-0.32%
CTSH	B	-0.32%
GIS	C	-0.31%
SPG	A	-0.31%
KR	C	-0.31%
CDW	D	-0.31%
HPE	B	-0.31%
ED	A	-0.31%
ON	F	-0.31%
NUE	D	-0.31%
ETR	A	-0.3%
VICI	C	-0.3%
PHM	A	-0.3%
LHX	A	-0.29%
ADM	D	-0.29%
DOV	C	-0.29%
TER	C	-0.29%
KHC	D	-0.29%
FITB	C	-0.29%
NTAP	D	-0.29%
PPL	A	-0.28%
GRMN	D	-0.28%
LYB	D	-0.28%
DOW	B	-0.28%
STT	C	-0.28%
BBY	B	-0.27%
WDAY	D	-0.27%
PKG	C	-0.27%
GDDY	D	-0.27%
SNA	A	-0.26%
HBAN	D	-0.26%
ZM	C	-0.26%
OMC	C	-0.26%
SYF	B	-0.26%
CNC	F	-0.26%
OLED	C	-0.25%
TWLO	B	-0.25%
SWKS	F	-0.25%
AKAM	D	-0.25%
PFG	C	-0.25%
AMCR	B	-0.25%
DGX	B	-0.25%
SSNC	C	-0.25%
CFG	D	-0.25%
VLO	F	-0.24%
RF	C	-0.24%
CAG	D	-0.24%
EXC	A	-0.23%
DBX	B	-0.23%
MTB	C	-0.23%
DAL	C	-0.23%
DOX	B	-0.23%
MTCH	B	-0.23%
MRO	D	-0.23%
FOXA	A	-0.23%
IP	C	-0.23%
PAYC	D	-0.23%
DRI	C	-0.23%
NVR	A	-0.22%
HUM	F	-0.22%
NWSA	D	-0.22%
VZ	A	-0.22%
CTRA	D	-0.22%
GPC	D	-0.22%
VTRS	D	-0.22%
DLB	D	-0.22%
GFS	F	-0.21%
CNH	B	-0.21%
PEGA	B	-0.21%
ZI	F	-0.21%
CPB	D	-0.2%
KEY	C	-0.2%
CLVT	D	-0.2%
UAL	B	-0.19%
GNTX	D	-0.19%
MGM	D	-0.19%
TXT	F	-0.19%
ANSS	D	-0.18%
PTC	D	-0.17%
CRBG	C	-0.17%
ZBH	F	-0.17%
BAX	D	-0.16%
SWK	A	-0.16%
DG	F	-0.16%
BYD	C	-0.16%
CROX	C	-0.16%
APTV	D	-0.16%
GPN	F	-0.16%
U	D	-0.15%
LVS	B	-0.15%
DOCU	B	-0.15%
DV	F	-0.15%
BEN	F	-0.14%
PH	A	-0.14%
WPC	C	-0.14%
ENTG	D	-0.14%
VRSN	B	-0.14%
POOL	B	-0.14%
GLOB	B	-0.14%
HST	D	-0.14%
OKTA	F	-0.13%
RPRX	B	-0.13%
DVN	F	-0.13%
FIS	C	-0.13%
BSY	D	-0.12%
PATH	D	-0.12%
HRL	F	-0.11%
WH	C	-0.11%
PNC	C	-0.11%
CIVI	F	-0.1%
AGR	C	-0.1%
COLM	B	-0.1%
MTN	D	-0.09%
D	A	-0.09%
TSN	D	-0.09%
CE	D	-0.07%
CF	A	-0.06%
FANG	D	-0.06%
DT	C	-0.06%
BDX	B	-0.06%
EQR	C	-0.04%
ALGM	F	-0.0%
LOPE	D	-0.0%