VBR vs. LVHD ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Legg Mason Low Volatility High Dividend ETF (LVHD)

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

$198.98

Average Daily Volume

430,761

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.70

Average Daily Volume

63,718

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	VBR	LVHD
30 Days	0.71%	1.95%
60 Days	6.22%	6.00%
90 Days	10.06%	15.64%
12 Months	29.54%	26.30%

61 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in LVHD	Overlap
AAT	C	0.04%	0.06%	0.04%
ADC	B	0.22%	0.47%	0.22%
ALE	A	0.11%	0.21%	0.11%
APLE	D	0.09%	0.23%	0.09%
AUB	D	0.1%	0.12%	0.1%
AVA	B	0.09%	0.14%	0.09%
BKH	B	0.12%	0.21%	0.12%
BNL	B	0.1%	0.16%	0.1%
BOH	F	0.08%	0.13%	0.08%
BRX	B	0.24%	0.48%	0.24%
CBU	D	0.09%	0.12%	0.09%
CTRE	B	0.06%	0.17%	0.06%
CVBF	D	0.07%	0.1%	0.07%
DOC	B	0.23%	0.27%	0.23%
DTM	A	0.22%	0.33%	0.22%
EPR	C	0.11%	0.24%	0.11%
EVRG	B	0.19%	0.9%	0.19%
FCF	D	0.05%	0.06%	0.05%
FFBC	D	0.07%	0.06%	0.06%
FHB	D	0.09%	0.12%	0.09%
FIBK	D	0.08%	0.15%	0.08%
FNB	D	0.16%	0.22%	0.16%
FRME	D	0.07%	0.06%	0.06%
FULT	D	0.1%	0.15%	0.1%
GLPI	B	0.39%	0.51%	0.39%
GTY	B	0.05%	0.07%	0.05%
HIW	C	0.1%	0.22%	0.1%
HOPE	D	0.04%	0.06%	0.04%
IDA	B	0.15%	0.24%	0.15%
IPG	C	0.36%	0.93%	0.36%
KIM	C	0.46%	0.78%	0.46%
LADR	D	0.04%	0.06%	0.04%
LTC	C	0.05%	0.07%	0.05%
LXP	D	0.09%	0.13%	0.09%
MSM	D	0.11%	0.27%	0.11%
NBTB	D	0.06%	0.06%	0.06%
NHI	C	0.1%	0.1%	0.1%
NI	A	0.22%	0.97%	0.22%
NJR	C	0.13%	0.17%	0.13%
NNN	A	0.25%	0.37%	0.25%
NWBI	D	0.05%	0.06%	0.05%
NWE	A	0.1%	0.12%	0.1%
NWN	B	0.04%	0.08%	0.04%
OGE	A	0.23%	0.44%	0.23%
OGS	A	0.11%	0.22%	0.11%
ONB	D	0.19%	0.31%	0.19%
PFS	D	0.07%	0.09%	0.07%
PNW	A	0.29%	0.69%	0.29%
POR	B	0.15%	0.33%	0.15%
REG	B	0.39%	0.64%	0.39%
ROIC	B	0.05%	0.12%	0.05%
SON	D	0.16%	0.28%	0.16%
SR	A	0.1%	0.19%	0.1%
STAG	D	0.22%	0.34%	0.22%
TOWN	D	0.07%	0.06%	0.06%
UBSI	D	0.15%	0.14%	0.14%
UNIT	C	0.03%	0.07%	0.03%
UVV	C	0.04%	0.09%	0.04%
VGR	C	0.06%	0.08%	0.06%
VLY	C	0.11%	0.26%	0.11%
WABC	F	0.04%	0.05%	0.04%

VBR Overweight 734 Positions Relative to LVHD

Symbol	Grade	Weight
SW	B	0.72%
FCNCA	D	0.65%
BLDR	B	0.62%
BAH	A	0.6%
CSL	A	0.59%
ATO	A	0.54%
EME	C	0.54%
NRG	A	0.52%
THC	C	0.48%
RS	D	0.48%
UTHR	B	0.47%
IEX	D	0.46%
RPM	C	0.44%
TOL	A	0.44%
RGA	C	0.43%
USFD	C	0.43%
OC	B	0.43%
PNR	A	0.43%
BG	D	0.42%
EQH	C	0.41%
RNR	A	0.4%
UHS	D	0.4%
ACM	B	0.4%
WSM	C	0.4%
KMX	D	0.39%
CPT	C	0.39%
JBL	D	0.37%
JNPR	C	0.37%
TTEK	B	0.37%
JLL	B	0.36%
ALLE	A	0.36%
ALLY	F	0.35%
FFIV	C	0.35%
BRO	A	0.35%
EMN	B	0.35%
OVV	F	0.34%
ITT	B	0.34%
CHRW	A	0.34%
TFX	B	0.34%
PFGC	B	0.34%
EWBC	D	0.34%
HII	D	0.33%
RRX	C	0.33%
RIVN	F	0.33%
NVT	D	0.33%
HUBB	A	0.32%
SCI	C	0.32%
CACI	A	0.32%
CCK	A	0.32%
SFM	A	0.31%
APA	F	0.31%
BJ	D	0.31%
BXP	C	0.31%
LDOS	A	0.31%
ATR	A	0.3%
AIZ	A	0.3%
OHI	C	0.29%
EHC	B	0.28%
CG	C	0.28%
TPR	B	0.28%
DKS	D	0.28%
FRT	B	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	A	0.27%
FHN	D	0.27%
MOS	F	0.27%
GPK	B	0.27%
CHK	C	0.27%
KBR	D	0.27%
Z	C	0.26%
DCI	B	0.26%
ORI	A	0.26%
APG	F	0.26%
CHRD	F	0.26%
INGR	A	0.26%
HRB	C	0.26%
SOLV	D	0.26%
JEF	B	0.26%
STLD	C	0.26%
UNM	A	0.26%
EGP	D	0.26%
HAS	A	0.26%
WCC	C	0.25%
MHK	B	0.25%
EVR	C	0.25%
NYT	B	0.25%
WAL	C	0.25%
FLR	D	0.25%
SF	A	0.25%
MKSI	F	0.24%
DINO	F	0.24%
KNX	C	0.24%
AXTA	C	0.24%
FMC	B	0.24%
ALSN	A	0.24%
WBS	D	0.24%
FCN	B	0.24%
LAD	B	0.24%
X	F	0.23%
CR	C	0.23%
BWA	C	0.23%
CRUS	D	0.23%
AYI	A	0.23%
MLI	B	0.23%
AIT	A	0.23%
SNX	C	0.23%
SEIC	B	0.23%
SSB	C	0.22%
GME	D	0.22%
BPOP	D	0.22%
AGNC	C	0.22%
CBSH	D	0.22%
BERY	C	0.22%
FR	C	0.22%
ANF	D	0.22%
CMA	C	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	C	0.21%
OSK	F	0.21%
G	A	0.21%
NSIT	C	0.21%
VOYA	A	0.21%
UFPI	B	0.21%
FYBR	C	0.21%
ARW	C	0.21%
ACHC	F	0.21%
WTFC	C	0.21%
DVA	B	0.21%
IVZ	C	0.21%
ZION	D	0.21%
RLI	A	0.2%
SAIC	B	0.2%
PB	D	0.2%
BIO	B	0.2%
TMHC	B	0.2%
MTG	B	0.2%
ACI	F	0.2%
MSA	D	0.2%
MTH	B	0.2%
JXN	B	0.2%
BBWI	F	0.2%
RRC	D	0.2%
AAL	D	0.2%
JAZZ	F	0.2%
XPO	F	0.19%
VFC	B	0.19%
SNV	D	0.19%
CFR	D	0.19%
ESNT	C	0.19%
MAT	C	0.19%
FLS	B	0.19%
UHAL	A	0.19%
LEA	F	0.19%
ESAB	C	0.18%
R	C	0.18%
AXS	A	0.18%
AES	B	0.18%
CMC	C	0.18%
CLF	D	0.18%
RHI	D	0.18%
STWD	C	0.18%
LPX	A	0.18%
RL	B	0.18%
FAF	B	0.18%
MOG.A	B	0.17%
AN	B	0.17%
OGN	D	0.17%
BECN	F	0.17%
AA	C	0.17%
COOP	C	0.17%
VMI	B	0.17%
AGCO	D	0.17%
SJM	B	0.17%
CBT	B	0.17%
ST	F	0.17%
ESI	B	0.17%
VNO	B	0.17%
CADE	D	0.17%
OMF	D	0.17%
COHR	B	0.17%
LUMN	C	0.16%
NXST	D	0.16%
BC	C	0.16%
UGI	C	0.16%
BCC	B	0.16%
TKR	B	0.16%
GBCI	D	0.16%
WTS	B	0.16%
KBH	C	0.16%
MUR	F	0.16%
VNT	F	0.16%
THO	C	0.16%
VVV	D	0.16%
RDN	D	0.16%
GAP	F	0.16%
LNC	D	0.16%
KD	F	0.16%
WHR	C	0.16%
NFG	A	0.16%
SRCL	B	0.16%
LAMR	C	0.16%
EPAM	F	0.16%
SIGI	D	0.16%
AMG	C	0.16%
QRVO	F	0.16%
LKQ	F	0.16%
PARA	F	0.16%
PVH	F	0.16%
SUM	D	0.15%
SWX	C	0.15%
ABG	D	0.15%
AVT	B	0.15%
AM	A	0.15%
GATX	D	0.15%
HOMB	D	0.15%
SEE	B	0.15%
OLN	D	0.15%
MDU	C	0.15%
CTLT	B	0.15%
XRAY	D	0.15%
COLB	C	0.15%
HWC	D	0.14%
FUL	F	0.14%
BCO	A	0.14%
THG	A	0.14%
JHG	C	0.14%
GPI	C	0.14%
SLM	C	0.14%
AL	D	0.14%
OZK	F	0.14%
KRC	C	0.13%
ASH	F	0.13%
M	F	0.13%
CUZ	C	0.13%
ITGR	C	0.13%
BDC	B	0.13%
SLG	C	0.13%
FLO	C	0.13%
FFIN	D	0.13%
ACA	C	0.13%
KNF	C	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%
PSN	A	0.13%
RYN	C	0.13%
ALK	B	0.13%
PIPR	C	0.13%
LYFT	D	0.12%
SBRA	C	0.12%
PRGO	F	0.12%
TPG	C	0.12%
ESGR	D	0.12%
AR	C	0.12%
DNB	D	0.12%
TPH	B	0.12%
CNX	A	0.12%
UMBF	C	0.12%
ABCB	C	0.12%
ENS	C	0.12%
ASO	D	0.12%
WU	D	0.12%
AGO	D	0.12%
GTES	C	0.12%
CPRI	C	0.12%
KTB	B	0.12%
SLGN	A	0.12%
ASGN	D	0.12%
CNXC	F	0.12%
PR	F	0.12%
AUR	C	0.12%
CRC	B	0.11%
CNO	C	0.11%
MTZ	C	0.11%
BGC	B	0.11%
TEX	F	0.11%
ABM	D	0.11%
HUN	B	0.11%
UCBI	C	0.11%
AEO	C	0.11%
AMKR	F	0.11%
PNFP	D	0.11%
SANM	D	0.11%
HASI	C	0.11%
PNM	B	0.11%
DXC	D	0.11%
PTEN	F	0.11%
PBH	D	0.11%
SEM	D	0.11%
MIDD	D	0.11%
KFY	C	0.11%
IAC	C	0.11%
KMPR	D	0.11%
ICUI	B	0.11%
NCLH	C	0.11%
COTY	F	0.1%
RUSHA	C	0.1%
NUVL	B	0.1%
ASB	F	0.1%
WSFS	D	0.1%
EBC	D	0.1%
SXT	C	0.1%
GVA	B	0.1%
SKT	A	0.1%
RXO	D	0.1%
AX	D	0.1%
NSP	F	0.1%
NPO	C	0.1%
FBP	D	0.1%
ATKR	F	0.1%
PAG	D	0.1%
WD	C	0.1%
PBF	F	0.1%
MAC	B	0.1%
PCH	C	0.1%
GMS	D	0.1%
PLXS	B	0.1%
MAN	D	0.1%
HL	C	0.1%
IBOC	D	0.1%
OTTR	F	0.1%
SIG	C	0.1%
CC	D	0.09%
IOVA	F	0.09%
FL	F	0.09%
AIN	D	0.09%
WEN	C	0.09%
GFF	B	0.09%
SKYW	B	0.09%
WAFD	D	0.09%
TNL	B	0.09%
CNK	C	0.09%
SMG	B	0.09%
AWR	B	0.09%
CATY	D	0.09%
GNW	C	0.09%
PK	D	0.09%
ALIT	D	0.09%
ESE	B	0.09%
BRC	C	0.09%
TCBI	C	0.09%
MGEE	A	0.09%
NVST	D	0.09%
EAT	A	0.09%
AMED	D	0.09%
HCC	D	0.09%
AROC	C	0.09%
SYNA	F	0.09%
INDB	D	0.08%
PRK	D	0.08%
ENOV	F	0.08%
VIRT	C	0.08%
RNG	F	0.08%
SPB	B	0.08%
LSXMK	C	0.08%
SM	F	0.08%
MGRC	D	0.08%
DEI	A	0.08%
MPW	C	0.08%
AAP	F	0.08%
TRN	C	0.08%
ATGE	C	0.08%
TDC	D	0.08%
PFSI	C	0.08%
FHI	C	0.08%
APAM	C	0.08%
HUBG	D	0.08%
REZI	F	0.08%
NWL	D	0.08%
BTU	B	0.08%
WLK	B	0.08%
POST	B	0.08%
ADTN	C	0.08%
CWK	C	0.08%
PENN	D	0.08%
BHF	F	0.08%
CACC	F	0.08%
UNF	B	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%
CRI	D	0.07%
HI	F	0.07%
AKR	B	0.07%
ENR	B	0.07%
VAC	D	0.07%
MC	C	0.07%
AZZ	C	0.07%
TGNA	B	0.07%
ARCH	D	0.07%
ARCB	D	0.07%
BOKF	D	0.07%
URBN	F	0.07%
CWEN	A	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	B	0.07%
PPBI	D	0.07%
GHC	B	0.07%
MTX	D	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	B	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	C	0.06%
GOLF	F	0.06%
IVT	B	0.06%
ZG	C	0.06%
PRG	C	0.06%
VIAV	C	0.06%
B	D	0.06%
BANF	D	0.06%
THS	C	0.06%
LITE	C	0.06%
JOBY	F	0.06%
OI	D	0.06%
GNL	D	0.06%
WLY	A	0.06%
SFBS	D	0.06%
EPC	F	0.06%
AMN	F	0.06%
MIR	B	0.06%
IMVT	F	0.06%
KMT	C	0.06%
KSS	D	0.06%
OMCL	C	0.06%
IBTX	D	0.06%
SPR	D	0.06%
BANR	C	0.06%
FTRE	F	0.06%
NATL	D	0.06%
EQC	D	0.06%
HAYW	B	0.06%
RNST	D	0.06%
MLKN	F	0.06%
SXI	B	0.06%
HBI	B	0.06%
SHO	D	0.06%
TDS	B	0.06%
PINC	F	0.06%
STRA	F	0.06%
BLKB	C	0.06%
OFG	D	0.06%
JWN	D	0.06%
PHIN	D	0.06%
PSMT	B	0.06%
CDE	C	0.06%
EVTC	D	0.06%
SATS	C	0.06%
STBA	D	0.05%
REVG	D	0.05%
SHOO	A	0.05%
KN	D	0.05%
INFA	D	0.05%
JBGS	C	0.05%
LEG	D	0.05%
STEP	A	0.05%
JBLU	B	0.05%
ANDE	D	0.05%
TROX	D	0.05%
REYN	C	0.05%
PPC	A	0.05%
NBHC	D	0.05%
SCL	D	0.05%
CHCO	D	0.05%
LRN	C	0.05%
GO	F	0.05%
CRGY	D	0.05%
CENTA	F	0.05%
LZB	C	0.05%
IDCC	A	0.05%
DRH	D	0.05%
NMRK	B	0.05%
VSAT	F	0.05%
NHC	D	0.05%
GEO	F	0.05%
CAKE	B	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%
IPGP	D	0.05%
EDR	A	0.05%
BHLB	D	0.04%
SCS	D	0.04%
PBI	C	0.04%
AMRX	A	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
EIG	B	0.04%
INSW	C	0.04%
JELD	D	0.04%
PMT	B	0.04%
VCTR	C	0.04%
DK	F	0.04%
SAFT	D	0.04%
WS	D	0.04%
XRX	F	0.04%
MSGE	B	0.04%
HELE	D	0.04%
BKE	C	0.04%
LC	D	0.04%
OXM	F	0.04%
BKD	D	0.04%
CAR	D	0.04%
PWSC	C	0.04%
NAVI	D	0.04%
SBH	B	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%
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	C	0.04%
HMN	C	0.04%
DAN	F	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	C	0.04%
UNFI	B	0.03%
DNUT	D	0.03%
BDN	A	0.03%
CGON	C	0.03%
BRKL	D	0.03%
FG	C	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%
CWEN	A	0.03%
RBRK	F	0.03%
EMBC	D	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	D	0.03%
FA	A	0.03%
MATV	D	0.03%
RWT	C	0.03%
RKLB	B	0.03%
SNDR	C	0.03%
GIII	C	0.03%
HTLF	C	0.03%
INVA	B	0.03%
DDS	D	0.03%
TRS	D	0.03%
WWW	B	0.03%
ODP	F	0.03%
VSTO	D	0.03%
ATSG	C	0.03%
THR	F	0.03%
MRC	D	0.03%
CNNE	F	0.03%
DBRG	D	0.03%
WMK	D	0.03%
AVNS	C	0.03%
CSR	D	0.03%
ACT	C	0.03%
CARS	F	0.03%
FDP	B	0.03%
ECPG	F	0.03%
OMI	F	0.03%
SCSC	D	0.03%
KALU	D	0.03%
HE	F	0.03%
TILE	B	0.02%
HTLD	F	0.02%
FOR	D	0.02%
MXL	F	0.02%
KREF	C	0.02%
SMR	C	0.02%
CNDT	B	0.02%
GES	F	0.02%
SCHL	D	0.02%
HY	F	0.02%
BGS	D	0.02%
BMBL	F	0.02%
UHAL	A	0.02%
SWI	C	0.02%
KELYA	D	0.02%
CFFN	D	0.02%
SMMT	D	0.02%
PRA	C	0.02%
CAL	F	0.02%
TMP	D	0.02%
AMC	F	0.02%
AMWD	C	0.02%
AXL	F	0.02%
HAIN	C	0.02%
USM	C	0.02%
PUMP	F	0.02%
XHR	C	0.02%
HPP	F	0.02%
RGR	F	0.02%
HLIO	C	0.02%
MATW	F	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
ASTE	F	0.02%
MNRO	C	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	C	0.01%
BRCC	F	0.01%
ALX	C	0.01%
ZIP	D	0.01%
KRO	C	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	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	D	0.01%
RMR	B	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	C	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	C	0.01%
CCO	D	0.01%
CWH	C	0.01%
GCMG	C	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	B	0.01%
AMBC	F	0.01%
VREX	F	0.01%
SSP	F	0.0%
SCWX	C	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	C	0.0%
LDI	C	0.0%

VBR Underweight 54 Positions Relative to LVHD

Symbol	Grade	Weight
LMT	A	-2.68%
MCD	A	-2.66%
KO	B	-2.62%
KDP	C	-2.58%
MDLZ	C	-2.54%
IBM	C	-2.53%
HD	A	-2.53%
CSCO	A	-2.52%
SO	A	-2.47%
DUK	B	-2.43%
JNJ	C	-2.41%
MO	B	-2.37%
VZ	A	-2.37%
USB	C	-2.34%
PEP	D	-2.33%
HSY	D	-2.31%
AEP	B	-2.21%
CVX	D	-2.14%
GIS	B	-2.13%
KMB	B	-2.1%
KHC	B	-1.98%
XEL	A	-1.94%
EXC	A	-1.89%
OKE	C	-1.88%
PAYX	A	-1.86%
PNC	C	-1.78%
K	B	-1.74%
SYY	B	-1.73%
DRI	C	-1.65%
VICI	C	-1.57%
ETR	A	-1.43%
WEC	A	-1.43%
ED	A	-1.37%
LYB	D	-1.24%
OMC	A	-1.13%
FANG	F	-1.11%
DTE	A	-1.06%
AEE	A	-1.05%
PKG	A	-0.97%
FE	A	-0.93%
MAA	C	-0.89%
EQR	C	-0.83%
ESS	C	-0.83%
LNT	A	-0.72%
WPC	C	-0.63%
FNF	A	-0.57%
CUBE	C	-0.55%
EPRT	C	-0.32%
NSA	C	-0.3%
NTST	D	-0.11%
FCPT	C	-0.1%
CNA	D	-0.09%
DEA	D	-0.08%
PFBC	D	-0.05%