VBR vs. MIDE ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Xtrackers S&P MidCap 400 ESG ETF (MIDE)

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

$211.20

Average Daily Volume

430,349

Number of Holdings ^*

797

* may have additional holdings in another (foreign) market

MIDE

Xtrackers S&P MidCap 400 ESG ETF

MIDE Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index. The index seeks to target 75% of the float market capitalization (i.e., the amount of stock which is available for trading by the general public) of each Global Industry Classification Standard Industry Group (?GICS Industry Group?) within the S&P MidCap 400 Index, using an ESG score as the defining characteristic. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

541

Number of Holdings ^*

265

* may have additional holdings in another (foreign) market

Performance

Period	VBR	MIDE
30 Days	5.18%	4.63%
60 Days	6.13%	5.96%
90 Days	7.24%	5.99%
12 Months	32.19%	27.86%

190 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in MIDE	Overlap
AA	A	0.29%	0.5%	0.29%
ACHC	F	0.16%	0.18%	0.16%
ADC	A	0.22%	0.37%	0.22%
AGCO	D	0.18%	0.27%	0.18%
ALLY	C	0.28%	0.48%	0.28%
AM	A	0.15%	0.25%	0.15%
AMED	F	0.09%	0.15%	0.09%
AMG	B	0.15%	0.27%	0.15%
AMKR	D	0.1%	0.14%	0.1%
AN	C	0.17%	0.21%	0.17%
AR	B	0.12%	0.44%	0.12%
ARMK	B	0.29%	0.49%	0.29%
ARW	D	0.2%	0.29%	0.2%
ASB	B	0.09%	0.2%	0.09%
ASGN	F	0.11%	0.2%	0.11%
ASH	F	0.12%	0.19%	0.12%
ATR	B	0.31%	0.55%	0.31%
AVNT	B	0.13%	0.23%	0.13%
AVT	C	0.14%	0.23%	0.14%
AXTA	B	0.23%	0.42%	0.23%
AYI	B	0.24%	0.49%	0.24%
AZTA	D	0.06%	0.1%	0.06%
BC	C	0.16%	0.26%	0.16%
BCO	F	0.14%	0.21%	0.14%
BDC	C	0.14%	0.25%	0.14%
BERY	C	0.21%	0.37%	0.21%
BHF	C	0.08%	0.15%	0.08%
BJ	A	0.32%	0.57%	0.32%
BLKB	B	0.06%	0.17%	0.06%
BRX	A	0.24%	0.41%	0.24%
BYD	B	0.06%	0.25%	0.06%
CADE	B	0.17%	0.34%	0.17%
CAR	C	0.04%	0.09%	0.04%
CBSH	B	0.2%	0.41%	0.2%
CBT	D	0.18%	0.3%	0.18%
CCK	D	0.33%	0.53%	0.33%
CDP	C	0.1%	0.17%	0.1%
CFR	B	0.19%	0.43%	0.19%
CLF	F	0.17%	0.27%	0.17%
CMC	B	0.18%	0.34%	0.18%
CNO	B	0.1%	0.2%	0.1%
CNX	A	0.13%	0.28%	0.13%
CNXC	F	0.08%	0.1%	0.08%
COHR	B	0.2%	0.76%	0.2%
COLB	B	0.16%	0.32%	0.16%
COTY	F	0.09%	0.13%	0.09%
CPRI	F	0.14%	0.11%	0.11%
CR	A	0.22%	0.41%	0.22%
CRI	F	0.06%	0.09%	0.06%
CRUS	D	0.19%	0.26%	0.19%
CSL	C	0.6%	1.02%	0.6%
CUZ	B	0.13%	0.23%	0.13%
DCI	B	0.26%	0.45%	0.26%
DINO	D	0.21%	0.33%	0.21%
DKS	D	0.24%	0.55%	0.24%
DTM	A	0.22%	0.45%	0.22%
EGP	D	0.26%	0.41%	0.26%
EHC	B	0.28%	0.5%	0.28%
EME	A	0.58%	1.12%	0.58%
ENOV	C	0.07%	0.13%	0.07%
ENS	F	0.12%	0.19%	0.12%
EQH	C	0.39%	0.74%	0.39%
ESAB	C	0.18%	0.35%	0.18%
ESNT	F	0.19%	0.29%	0.19%
EVR	B	0.27%	0.53%	0.27%
EWBC	A	0.33%	0.69%	0.33%
FAF	A	0.19%	0.32%	0.19%
FBIN	D	0.32%	0.45%	0.32%
FCN	F	0.24%	0.34%	0.24%
FHI	B	0.08%	0.15%	0.08%
FHN	A	0.24%	0.52%	0.24%
FLS	B	0.2%	0.37%	0.2%
FNB	A	0.15%	0.29%	0.15%
FYBR	C	0.25%	0.37%	0.25%
G	B	0.2%	0.36%	0.2%
GAP	C	0.15%	0.24%	0.15%
GATX	A	0.14%	0.26%	0.14%
GBCI	B	0.15%	0.31%	0.15%
GEF	A	0.0%	0.08%	0.0%
GEF	A	0.04%	0.08%	0.04%
GPK	C	0.26%	0.41%	0.26%
GT	C	0.07%	0.13%	0.07%
HOG	D	0.13%	0.18%	0.13%
HRB	D	0.26%	0.4%	0.26%
INGR	C	0.26%	0.48%	0.26%
ITT	A	0.35%	0.61%	0.35%
JAZZ	B	0.19%	0.38%	0.19%
JEF	A	0.26%	0.58%	0.26%
JHG	B	0.14%	0.27%	0.14%
JLL	D	0.37%	0.61%	0.37%
JWN	D	0.08%	0.1%	0.08%
KBH	D	0.16%	0.27%	0.16%
KD	B	0.15%	0.32%	0.15%
KEX	B	0.2%	0.36%	0.2%
KNX	C	0.24%	0.45%	0.24%
KRC	B	0.13%	0.21%	0.13%
LAD	A	0.24%	0.49%	0.24%
LEA	F	0.18%	0.27%	0.18%
LPX	B	0.2%	0.34%	0.2%
M	F	0.12%	0.2%	0.12%
MAN	F	0.1%	0.14%	0.1%
MSA	F	0.19%	0.34%	0.19%
MSM	C	0.11%	0.19%	0.11%
MTG	C	0.19%	0.31%	0.19%
MTZ	B	0.11%	0.42%	0.11%
MUR	D	0.14%	0.22%	0.14%
NFG	A	0.16%	0.27%	0.16%
NJR	A	0.13%	0.23%	0.13%
NNN	C	0.26%	0.38%	0.26%
NSP	F	0.09%	0.14%	0.09%
NVST	B	0.1%	0.17%	0.1%
NVT	B	0.34%	0.61%	0.34%
NXST	C	0.15%	0.24%	0.15%
OC	A	0.44%	0.82%	0.44%
OGS	A	0.12%	0.21%	0.12%
OHI	C	0.3%	0.5%	0.3%
ONB	C	0.17%	0.34%	0.17%
OVV	B	0.29%	0.54%	0.29%
OZK	B	0.13%	0.24%	0.13%
PAG	B	0.09%	0.14%	0.09%
PCH	F	0.1%	0.15%	0.1%
PII	F	0.13%	0.17%	0.13%
PK	C	0.08%	0.15%	0.08%
PNFP	B	0.1%	0.45%	0.1%
POST	C	0.08%	0.25%	0.08%
PPC	C	0.05%	0.1%	0.05%
PRI	B	0.26%	0.49%	0.26%
PVH	C	0.16%	0.28%	0.16%
R	B	0.17%	0.35%	0.17%
RGA	A	0.41%	0.73%	0.41%
RLI	A	0.19%	0.36%	0.19%
RNR	C	0.41%	0.65%	0.41%
RPM	A	0.45%	0.84%	0.45%
RRC	B	0.2%	0.4%	0.2%
RRX	B	0.32%	0.55%	0.32%
RYN	D	0.14%	0.2%	0.14%
SBRA	C	0.13%	0.22%	0.13%
SCI	B	0.31%	0.6%	0.31%
SEIC	B	0.23%	0.38%	0.23%
SF	B	0.26%	0.57%	0.26%
SFM	A	0.32%	0.7%	0.32%
SIGI	C	0.16%	0.29%	0.16%
SLM	A	0.14%	0.24%	0.14%
SMG	C	0.11%	0.15%	0.11%
SNV	C	0.18%	0.4%	0.18%
SON	F	0.15%	0.24%	0.15%
SR	A	0.11%	0.18%	0.11%
ST	F	0.16%	0.24%	0.16%
STAG	D	0.21%	0.32%	0.21%
STWD	C	0.19%	0.29%	0.19%
SYNA	C	0.09%	0.14%	0.09%
TCBI	C	0.1%	0.19%	0.1%
TDC	D	0.08%	0.13%	0.08%
TEX	F	0.1%	0.17%	0.1%
THC	D	0.46%	0.75%	0.46%
THG	A	0.14%	0.28%	0.14%
THO	B	0.16%	0.28%	0.16%
TKR	D	0.15%	0.22%	0.15%
TMHC	C	0.2%	0.35%	0.2%
TNL	A	0.09%	0.18%	0.09%
TOL	B	0.46%	0.75%	0.46%
TTEK	F	0.36%	0.61%	0.36%
UA	C	0.03%	0.06%	0.03%
UAA	C	0.05%	0.08%	0.05%
UGI	C	0.15%	0.24%	0.15%
UMBF	B	0.13%	0.27%	0.13%
UNM	A	0.25%	0.59%	0.25%
USFD	A	0.43%	0.79%	0.43%
UTHR	C	0.46%	0.85%	0.46%
VAC	C	0.07%	0.14%	0.07%
VC	F	0.04%	0.12%	0.04%
VLY	B	0.11%	0.23%	0.11%
VMI	B	0.17%	0.33%	0.17%
VNO	C	0.21%	0.34%	0.21%
VNT	C	0.15%	0.29%	0.15%
VOYA	B	0.22%	0.38%	0.22%
VVV	D	0.16%	0.26%	0.16%
WBS	A	0.23%	0.5%	0.23%
WCC	B	0.24%	0.45%	0.24%
WEN	D	0.09%	0.15%	0.09%
WHR	B	0.17%	0.31%	0.17%
WLK	D	0.08%	0.21%	0.08%
WSM	C	0.45%	0.8%	0.45%
WTFC	A	0.21%	0.43%	0.21%
WTRG	B	0.27%	0.47%	0.27%
WTS	B	0.16%	0.28%	0.16%
WU	F	0.12%	0.17%	0.12%
X	B	0.21%	0.41%	0.21%
XPO	B	0.17%	0.84%	0.17%
ZION	B	0.2%	0.42%	0.2%

VBR Overweight 607 Positions Relative to MIDE

Symbol	Grade	Weight
SW	A	0.74%
BLDR	D	0.65%
BAH	F	0.61%
ATO	A	0.58%
FCNCA	A	0.57%
NRG	B	0.54%
PNR	A	0.47%
IEX	C	0.47%
RS	B	0.46%
KIM	A	0.45%
AES	F	0.41%
ACM	B	0.4%
GLPI	C	0.39%
BG	D	0.39%
EMN	C	0.38%
REG	A	0.38%
CPT	B	0.38%
ALLE	C	0.37%
JNPR	D	0.37%
FFIV	B	0.37%
JBL	C	0.37%
UHS	D	0.37%
KMX	B	0.35%
PFGC	B	0.35%
SJM	D	0.35%
CHRW	B	0.35%
TFX	F	0.34%
IPG	D	0.34%
BXP	C	0.33%
HUBB	B	0.33%
LDOS	C	0.32%
CACI	D	0.32%
EPAM	B	0.31%
TPR	B	0.31%
AIZ	A	0.3%
HII	F	0.3%
LKQ	F	0.3%
TAP	C	0.29%
CG	B	0.29%
PNW	A	0.29%
AFG	A	0.29%
HAS	D	0.28%
FRT	B	0.28%
SOLV	D	0.28%
QRVO	F	0.28%
Z	A	0.28%
HSIC	C	0.27%
STLD	B	0.27%
GL	C	0.27%
WAL	B	0.26%
APA	D	0.26%
MUSA	B	0.26%
MOS	F	0.25%
AIT	B	0.25%
MHK	D	0.25%
NYT	D	0.25%
KBR	F	0.25%
GME	C	0.25%
APG	B	0.24%
FLR	B	0.24%
AGNC	C	0.24%
FMC	D	0.24%
OGE	A	0.24%
ORI	A	0.24%
BWA	D	0.24%
ALSN	B	0.24%
MLI	B	0.24%
SWN	C	0.23%
CMA	B	0.23%
DOC	C	0.23%
CHRD	D	0.23%
MIDD	C	0.22%
IVZ	B	0.22%
UFPI	C	0.22%
SNX	D	0.22%
VFC	C	0.22%
NI	A	0.22%
SAIC	F	0.21%
ANF	F	0.21%
LUMN	C	0.21%
BPOP	C	0.21%
ELAN	D	0.21%
MKSI	C	0.21%
AAL	B	0.21%
RL	C	0.21%
FR	D	0.21%
SSB	B	0.21%
MTH	D	0.21%
JXN	C	0.2%
DVA	C	0.2%
UHAL	D	0.2%
BBWI	C	0.2%
NSIT	F	0.2%
MAT	D	0.19%
BIO	C	0.19%
PB	B	0.19%
OSK	C	0.19%
RHI	C	0.19%
EVRG	A	0.19%
MOG.A	B	0.17%
LAMR	C	0.17%
ACI	C	0.17%
ESI	B	0.17%
AXS	A	0.17%
XRAY	F	0.16%
BCC	B	0.16%
IDA	A	0.16%
AUR	C	0.16%
ALB	B	0.16%
OLN	F	0.16%
OMF	A	0.16%
PARA	C	0.16%
COOP	B	0.16%
SRCL	B	0.16%
ALK	B	0.16%
KNF	B	0.15%
SIRI	C	0.15%
RDN	D	0.15%
MDU	D	0.15%
BECN	B	0.15%
LNC	C	0.15%
TPG	A	0.14%
ABG	C	0.14%
RIVN	F	0.14%
PIPR	A	0.14%
MATX	C	0.14%
SUM	B	0.14%
HOMB	A	0.14%
GPI	B	0.14%
ZWS	B	0.14%
OGN	F	0.14%
POR	C	0.14%
PSN	D	0.14%
UBSI	B	0.14%
LYFT	C	0.13%
ITGR	B	0.13%
SIG	B	0.13%
FLO	D	0.13%
NUVL	C	0.13%
HWC	B	0.13%
MGM	D	0.13%
SWX	B	0.13%
FFIN	B	0.13%
NCLH	B	0.13%
SLG	B	0.13%
AL	B	0.13%
KTB	B	0.13%
ACA	A	0.13%
HASI	D	0.12%
TPH	D	0.12%
ABCB	B	0.12%
GTES	A	0.12%
WTM	A	0.12%
SLGN	A	0.12%
ASO	F	0.12%
ICUI	D	0.12%
SEE	C	0.12%
CRC	A	0.12%
BKH	A	0.12%
PR	B	0.12%
FUL	F	0.12%
ESGR	B	0.11%
NHI	D	0.11%
ALE	A	0.11%
EPR	C	0.11%
PLXS	B	0.11%
KMPR	A	0.11%
DXC	B	0.11%
DNB	B	0.11%
IAC	F	0.11%
MDGL	B	0.11%
KFY	B	0.11%
MAC	B	0.11%
EDR	A	0.11%
PNM	B	0.11%
AEO	F	0.11%
AGO	B	0.11%
HUN	F	0.11%
HL	D	0.11%
MGEE	B	0.1%
RUSHA	C	0.1%
ABM	B	0.1%
ESE	B	0.1%
HCC	B	0.1%
IBOC	B	0.1%
AUB	B	0.1%
AX	B	0.1%
SXT	C	0.1%
NPO	A	0.1%
GVA	A	0.1%
UCB	A	0.1%
FBP	C	0.1%
NWE	B	0.1%
MPW	F	0.1%
HIW	C	0.1%
SANM	B	0.1%
GMS	B	0.1%
BNL	D	0.1%
PBH	A	0.1%
PRGO	C	0.1%
SEM	B	0.1%
SKT	A	0.1%
WD	D	0.1%
GNW	A	0.09%
SATS	D	0.09%
FHB	B	0.09%
PRIM	A	0.09%
ALIT	C	0.09%
UNF	B	0.09%
PTEN	C	0.09%
WSFS	B	0.09%
APAM	B	0.09%
CC	C	0.09%
NWL	C	0.09%
ATKR	D	0.09%
AVA	A	0.09%
CBU	B	0.09%
COMP	B	0.09%
WBA	F	0.09%
GFF	A	0.09%
AWR	B	0.09%
CWK	C	0.09%
BEN	C	0.09%
BTU	B	0.09%
EBC	B	0.09%
BRC	D	0.09%
APLE	B	0.09%
SKYW	C	0.09%
AROC	A	0.09%
EAT	A	0.09%
OTTR	C	0.09%
BGC	C	0.09%
FULT	A	0.09%
TGNA	B	0.08%
HUBG	A	0.08%
GHC	B	0.08%
URBN	C	0.08%
ATGE	B	0.08%
BKU	A	0.08%
CXT	C	0.08%
DY	D	0.08%
AIN	C	0.08%
ABR	C	0.08%
ADTN	A	0.08%
REZI	A	0.08%
LXP	D	0.08%
IOSP	C	0.08%
WAFD	B	0.08%
TRN	B	0.08%
PENN	C	0.08%
PRGS	A	0.08%
PBF	D	0.08%
PFSI	C	0.08%
DEI	B	0.08%
CATY	B	0.08%
WERN	C	0.07%
ENR	B	0.07%
SM	B	0.07%
FFBC	B	0.07%
PFS	B	0.07%
PECO	A	0.07%
HAYW	B	0.07%
MTRN	C	0.07%
AAP	D	0.07%
AZZ	A	0.07%
BOKF	B	0.07%
VSH	F	0.07%
BFH	C	0.07%
CVBF	A	0.07%
ARCH	B	0.07%
SMMT	D	0.07%
INDB	B	0.07%
HNI	B	0.07%
PPBI	C	0.07%
PRK	B	0.07%
FL	F	0.07%
DBRG	F	0.07%
HBI	B	0.07%
OSIS	A	0.07%
RNG	C	0.07%
AKR	B	0.07%
CDE	C	0.07%
MTX	B	0.07%
BOH	B	0.07%
VIRT	A	0.07%
SPB	C	0.07%
CWEN	C	0.07%
RNA	C	0.07%
ARCB	C	0.07%
IOVA	F	0.07%
FIBK	B	0.07%
SFNC	C	0.07%
MGRC	B	0.07%
OUT	A	0.07%
BXMT	C	0.07%
UE	B	0.07%
PHIN	A	0.06%
BANF	B	0.06%
RXO	D	0.06%
HURN	C	0.06%
GNL	F	0.06%
PRG	C	0.06%
HI	C	0.06%
VSTS	C	0.06%
NMRK	C	0.06%
THS	D	0.06%
RNST	B	0.06%
INFA	D	0.06%
WLY	B	0.06%
IPGP	D	0.06%
VYX	B	0.06%
SFBS	C	0.06%
JOBY	B	0.06%
NBTB	B	0.06%
VGR	B	0.06%
VIAV	C	0.06%
PINC	B	0.06%
OMCL	C	0.06%
VSCO	C	0.06%
KMT	B	0.06%
CGON	F	0.06%
LAUR	A	0.06%
EQC	B	0.06%
IBTX	B	0.06%
OI	C	0.06%
IVT	A	0.06%
BANR	B	0.06%
NATL	B	0.06%
FRME	B	0.06%
OFG	B	0.06%
TDS	B	0.06%
SHO	D	0.06%
STRA	C	0.06%
SXI	B	0.06%
TOWN	B	0.06%
EVTC	B	0.06%
ZD	B	0.06%
ZG	A	0.06%
AIR	B	0.06%
KSS	F	0.06%
MHO	D	0.06%
MIR	A	0.06%
PSMT	D	0.06%
VRNT	C	0.05%
CABO	B	0.05%
UPBD	B	0.05%
HLIO	B	0.05%
HE	C	0.05%
LTC	B	0.05%
NBHC	C	0.05%
CENTA	C	0.05%
AMN	F	0.05%
CRGY	B	0.05%
ANDE	D	0.05%
SUPN	C	0.05%
REYN	D	0.05%
STEP	C	0.05%
CHCO	B	0.05%
DDS	B	0.05%
NHC	C	0.05%
SCL	C	0.05%
FCF	B	0.05%
NPAB	F	0.05%
WSBC	B	0.05%
SHOO	F	0.05%
NWBI	B	0.05%
GEO	B	0.05%
DRH	B	0.05%
MLKN	F	0.05%
PDCO	F	0.05%
TROX	D	0.05%
WKC	C	0.05%
LEG	F	0.05%
LGND	C	0.05%
MCY	A	0.05%
TRMK	C	0.05%
LRN	A	0.05%
PZZA	F	0.05%
TTMI	C	0.05%
GOLF	B	0.05%
FTRE	D	0.05%
EPC	F	0.05%
LZB	B	0.05%
KAR	B	0.05%
B	A	0.05%
CAKE	C	0.05%
IMVT	F	0.05%
ROIC	A	0.05%
PBI	B	0.04%
AIV	C	0.04%
INSW	F	0.04%
AAT	B	0.04%
PMT	C	0.04%
UVV	B	0.04%
WOR	F	0.04%
PDM	D	0.04%
WABC	B	0.04%
JELD	F	0.04%
ARI	C	0.04%
BKD	F	0.04%
OXM	F	0.04%
NNI	D	0.04%
UNIT	B	0.04%
NX	C	0.04%
LADR	B	0.04%
VCTR	B	0.04%
WWW	A	0.04%
CXW	C	0.04%
BKE	B	0.04%
COLM	C	0.04%
SPNT	B	0.04%
HP	C	0.04%
VSAT	F	0.04%
CSGS	B	0.04%
WT	A	0.04%
DNOW	B	0.04%
DAN	D	0.04%
RRR	F	0.04%
REVG	C	0.04%
SBH	C	0.04%
ALEX	B	0.04%
VRE	B	0.04%
BLMN	F	0.04%
VRTS	B	0.04%
HELE	C	0.04%
NGVT	B	0.04%
CODI	B	0.04%
HMN	B	0.04%
HOPE	C	0.04%
ESRT	C	0.04%
LCII	C	0.04%
HTH	C	0.04%
NTCT	C	0.04%
GBX	A	0.04%
HEES	C	0.04%
JBGS	F	0.04%
KN	B	0.04%
BHE	C	0.04%
STBA	B	0.04%
CNK	C	0.04%
DYN	F	0.04%
APOG	C	0.04%
GO	C	0.04%
ELME	D	0.04%
GTY	A	0.04%
NWN	A	0.04%
USM	B	0.03%
MATV	D	0.03%
SMR	B	0.03%
CMTG	F	0.03%
JACK	C	0.03%
BDN	C	0.03%
BV	C	0.03%
LGF.A	C	0.03%
DNUT	F	0.03%
MMI	C	0.03%
ODP	F	0.03%
UNFI	A	0.03%
JBLU	F	0.03%
CWEN	C	0.03%
TRS	B	0.03%
MD	C	0.03%
CBRL	C	0.03%
THR	B	0.03%
FA	C	0.03%
ATSG	B	0.03%
RWT	D	0.03%
INVA	D	0.03%
VSTO	A	0.03%
LEVI	F	0.03%
MRC	B	0.03%
HTLF	B	0.03%
SCSC	C	0.03%
CARS	C	0.03%
SNDR	B	0.03%
ECPG	C	0.03%
FBRT	D	0.03%
CNNE	B	0.03%
CSR	B	0.03%
ETWO	F	0.03%
AVNS	F	0.03%
KALU	C	0.03%
WMK	C	0.03%
WS	C	0.03%
KFRC	D	0.03%
ACT	C	0.03%
KWR	C	0.03%
FDP	B	0.03%
SCS	C	0.03%
XRX	F	0.03%
OMI	F	0.03%
DK	C	0.03%
SAFT	B	0.03%
BHLB	B	0.03%
AMRX	C	0.03%
GIII	D	0.03%
MYGN	F	0.03%
EIG	B	0.03%
NAVI	F	0.03%
MSGE	F	0.03%
IART	C	0.03%
LC	A	0.03%
TILE	B	0.02%
HTLD	C	0.02%
ATUS	B	0.02%
MXL	C	0.02%
CAL	F	0.02%
FOR	F	0.02%
GES	F	0.02%
BMBL	C	0.02%
BASE	B	0.02%
SCHL	F	0.02%
CMPR	D	0.02%
HY	D	0.02%
KELYA	F	0.02%
CFFN	C	0.02%
PCRX	C	0.02%
SWI	C	0.02%
TMP	B	0.02%
BGS	F	0.02%
MATW	C	0.02%
HPP	F	0.02%
PUMP	C	0.02%
UHAL	D	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
KOP	C	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
KREF	C	0.02%
ASTE	C	0.02%
BRSP	C	0.02%
PRLB	B	0.02%
XHR	B	0.02%
SVC	F	0.02%
MODG	F	0.02%
SEB	F	0.02%
PRA	C	0.02%
SAH	C	0.02%
HAIN	D	0.02%
WNC	C	0.02%
CVI	F	0.02%
EMBC	C	0.02%
HCSG	C	0.02%
MNRO	D	0.02%
PRAA	D	0.02%
FG	A	0.02%
BRKL	B	0.02%
EYE	C	0.02%
DLX	B	0.02%
RBRK	A	0.02%
NUS	D	0.01%
LDI	C	0.01%
BRCC	F	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DJT	C	0.01%
DIN	C	0.01%
OLPX	D	0.01%
VREX	B	0.01%
CENT	C	0.01%
TGI	B	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
TRTX	C	0.01%
SWBI	C	0.01%
KRO	C	0.01%
SRCL	B	0.01%
ZIP	D	0.01%
NAPA	A	0.01%
CNDT	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
EGBN	B	0.01%
RUSHB	C	0.01%
WRLD	C	0.01%
HTZ	C	0.01%
INN	D	0.01%
VMEO	B	0.01%
BJRI	C	0.01%
EE	A	0.01%
RMR	F	0.01%
GRC	A	0.01%
PTVE	B	0.01%
NVRI	D	0.01%
FWRD	D	0.01%
NABL	F	0.01%
USNA	C	0.01%
CLB	B	0.01%
SSTK	F	0.01%
CLBK	C	0.01%
CCO	C	0.01%
ARRY	F	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CWH	B	0.01%
BFS	C	0.01%
DAWN	D	0.01%
PWSC	C	0.0%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
TASK	C	0.0%
ACDC	B	0.0%
LESL	D	0.0%

VBR Underweight 76 Positions Relative to MIDE

Symbol	Grade	Weight
LII	A	-0.95%
WSO	A	-0.92%
MANH	D	-0.84%
BURL	B	-0.81%
DT	D	-0.77%
FIX	A	-0.76%
FNF	B	-0.76%
PSTG	D	-0.74%
ELS	C	-0.65%
TXRH	B	-0.64%
CLH	C	-0.63%
NBIX	C	-0.61%
WPC	C	-0.59%
LECO	C	-0.58%
AMH	C	-0.57%
CUBE	C	-0.52%
BLD	D	-0.52%
FND	D	-0.52%
CHDN	B	-0.5%
EXP	B	-0.5%
EXEL	B	-0.49%
CIEN	C	-0.49%
TPX	B	-0.47%
RGLD	C	-0.45%
WMS	F	-0.45%
REXR	F	-0.44%
TTC	C	-0.42%
PLNT	A	-0.4%
HQY	A	-0.4%
ONTO	F	-0.39%
CVLT	B	-0.38%
TREX	C	-0.38%
WH	B	-0.37%
SSD	F	-0.37%
RGEN	D	-0.37%
WEX	D	-0.36%
EXLS	B	-0.36%
H	B	-0.35%
GTLS	A	-0.35%
ALV	C	-0.35%
HALO	F	-0.35%
MTSI	B	-0.35%
OLED	F	-0.35%
ELF	C	-0.34%
GXO	B	-0.34%
DBX	B	-0.33%
CYTK	F	-0.32%
DAR	C	-0.32%
LSTR	D	-0.32%
DOCS	C	-0.31%
LFUS	D	-0.3%
WFRD	D	-0.3%
NOV	C	-0.3%
KRG	B	-0.29%
NOVT	D	-0.29%
LITE	B	-0.29%
RMBS	B	-0.28%
LNTH	D	-0.27%
MMS	F	-0.26%
LOPE	C	-0.23%
CIVI	D	-0.22%
HAE	C	-0.22%
ORA	B	-0.21%
EEFT	B	-0.21%
DLB	B	-0.21%
POWI	F	-0.18%
OPCH	D	-0.18%
VAL	F	-0.16%
SLAB	F	-0.16%
CHH	A	-0.16%
ALGM	D	-0.15%
NEOG	F	-0.15%
LIVN	F	-0.14%
ZI	D	-0.14%
RCM	A	-0.11%
MDY	A	-0.04%