VBR vs. MMTM ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to SPDR S&P 1500 Momentum Tilt ETF (MMTM)

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

$213.47

Average Daily Volume

424,590

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

MMTM

SPDR S&P 1500 Momentum Tilt ETF

MMTM Description

The investment seeks investment results that, before fees and expenses, correspond to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P 1500 Positive Momentum Tilt Index. It invests substantially all, but at least 80%, of total assets in the securities, including business development companies, comprising the index. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P Composite 1500 Index and stocks with relatively low momentum are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$265.04

Average Daily Volume

2,382

Number of Holdings ^*

1439

* may have additional holdings in another (foreign) market

Performance

Period	VBR	MMTM
30 Days	6.79%	3.58%
60 Days	6.95%	5.91%
90 Days	8.40%	7.01%
12 Months	33.61%	37.74%

622 Overlapping Holdings

	Symbol	Grade	Weight in VBR	Weight in MMTM	Overlap
	AA	B	0.3%	0.03%	0.03%
	AAL	B	0.26%	0.0%	0.0%
	AAP	C	0.06%	0.0%	0.0%
	AAT	B	0.04%	0.0%	0.0%
	ABCB	B	0.12%	0.01%	0.01%
	ABG	B	0.13%	0.0%	0.0%
	ABM	B	0.1%	0.0%	0.0%
	ABR	C	0.08%	0.0%	0.0%
	ACA	A	0.13%	0.01%	0.01%
	ACHC	F	0.11%	0.0%	0.0%
	ACM	B	0.42%	0.02%	0.02%
	ADC	B	0.22%	0.02%	0.02%
	AEO	F	0.1%	0.0%	0.0%
	AES	F	0.34%	0.02%	0.02%
	AFG	A	0.28%	0.01%	0.01%
	AGCO	D	0.19%	0.0%	0.0%
	AGO	B	0.12%	0.01%	0.01%
	AIN	C	0.06%	0.0%	0.0%
	AIR	B	0.06%	0.01%	0.01%
	AIT	A	0.26%	0.02%	0.02%
	AIZ	A	0.29%	0.02%	0.02%
	AKR	B	0.08%	0.0%	0.0%
	AL	B	0.13%	0.01%	0.01%
	ALB	C	0.16%	0.0%	0.0%
	ALE	A	0.11%	0.01%	0.01%
	ALEX	C	0.04%	0.0%	0.0%
	ALK	C	0.18%	0.02%	0.02%
	ALLE	D	0.36%	0.03%	0.03%
	ALLY	C	0.28%	0.03%	0.03%
	AM	A	0.14%	0.01%	0.01%
	AMED	F	0.09%	0.0%	0.0%
	AMG	B	0.16%	0.01%	0.01%
	AMKR	D	0.08%	0.01%	0.01%
	AMN	F	0.04%	0.0%	0.0%
	AMWD	C	0.02%	0.0%	0.0%
	AN	C	0.15%	0.0%	0.0%
	ANDE	D	0.04%	0.0%	0.0%
	ANF	C	0.2%	0.02%	0.02%
	APA	D	0.26%	0.0%	0.0%
	APAM	B	0.09%	0.0%	0.0%
	APLE	B	0.09%	0.0%	0.0%
	APOG	B	0.05%	0.01%	0.01%
	AR	B	0.11%	0.0%	0.0%
	ARCB	C	0.07%	0.0%	0.0%
	ARCH	B	0.07%	0.0%	0.0%
	ARI	C	0.04%	0.0%	0.0%
	ARMK	B	0.29%	0.02%	0.02%
	AROC	B	0.09%	0.01%	0.01%
	ARW	D	0.18%	0.0%	0.0%
	ASB	B	0.1%	0.01%	0.01%
	ASGN	F	0.11%	0.0%	0.0%
	ASH	D	0.11%	0.0%	0.0%
	ASO	F	0.11%	0.0%	0.0%
	ASTE	B	0.02%	0.0%	0.0%
	ATGE	B	0.08%	0.01%	0.01%
	ATO	A	0.58%	0.03%	0.03%
	ATR	B	0.33%	0.02%	0.02%
	AUB	B	0.1%	0.0%	0.0%
	AVA	A	0.09%	0.0%	0.0%
	AVNS	F	0.03%	0.0%	0.0%
	AVNT	B	0.12%	0.01%	0.01%
	AVT	C	0.14%	0.01%	0.01%
	AWR	B	0.09%	0.0%	0.0%
	AX	A	0.11%	0.01%	0.01%
	AXL	C	0.02%	0.0%	0.0%
	AXTA	A	0.24%	0.02%	0.02%
	AYI	B	0.27%	0.03%	0.03%
	AZTA	D	0.06%	0.0%	0.0%
	AZZ	B	0.06%	0.01%	0.01%
	B	B	0.06%	0.01%	0.01%
	BANF	B	0.06%	0.0%	0.0%
	BANR	B	0.06%	0.01%	0.01%
	BBWI	D	0.18%	0.0%	0.0%
	BC	C	0.15%	0.0%	0.0%
	BCC	B	0.15%	0.01%	0.01%
	BCO	D	0.13%	0.01%	0.01%
	BDC	B	0.14%	0.01%	0.01%
	BDN	C	0.02%	0.0%	0.0%
	BEN	C	0.1%	0.0%	0.0%
	BERY	B	0.22%	0.0%	0.0%
	BFH	B	0.07%	0.0%	0.0%
	BFS	C	0.01%	0.0%	0.0%
	BG	F	0.35%	0.0%	0.0%
	BGC	C	0.1%	0.01%	0.01%
	BGS	F	0.02%	0.0%	0.0%
	BHE	B	0.04%	0.0%	0.0%
	BHF	B	0.08%	0.0%	0.0%
	BHLB	B	0.03%	0.0%	0.0%
	BIO	D	0.2%	0.0%	0.0%
	BJ	A	0.33%	0.01%	0.01%
	BJRI	B	0.01%	0.0%	0.0%
	BKE	B	0.04%	0.0%	0.0%
	BKH	A	0.12%	0.0%	0.0%
	BKU	A	0.08%	0.01%	0.01%
	BLDR	D	0.58%	0.07%	0.07%
	BLKB	B	0.06%	0.0%	0.0%
	BLMN	F	0.04%	0.0%	0.0%
	BOH	B	0.08%	0.0%	0.0%
	BRC	D	0.09%	0.01%	0.01%
	BRKL	B	0.03%	0.0%	0.0%
	BRX	A	0.24%	0.02%	0.02%
	BWA	D	0.22%	0.0%	0.0%
	BXMT	C	0.07%	0.0%	0.0%
	BXP	D	0.33%	0.03%	0.03%
	BYD	C	0.07%	0.0%	0.0%
	CABO	C	0.04%	0.0%	0.0%
	CACI	D	0.36%	0.03%	0.03%
	CADE	B	0.18%	0.01%	0.01%
	CAKE	C	0.06%	0.0%	0.0%
	CAL	D	0.01%	0.0%	0.0%
	CAR	C	0.04%	0.0%	0.0%
	CARS	B	0.03%	0.0%	0.0%
	CATY	B	0.09%	0.0%	0.0%
	CBRL	C	0.03%	0.0%	0.0%
	CBSH	A	0.21%	0.02%	0.02%
	CBT	C	0.17%	0.01%	0.01%
	CBU	B	0.09%	0.01%	0.01%
	CC	C	0.08%	0.0%	0.0%
	CCK	C	0.33%	0.01%	0.01%
	CDP	C	0.11%	0.01%	0.01%
	CENTA	C	0.04%	0.0%	0.0%
	CFFN	B	0.02%	0.0%	0.0%
	CFR	B	0.21%	0.01%	0.01%
	CG	A	0.34%	0.03%	0.03%
	CHCO	B	0.05%	0.0%	0.0%
	CHRD	D	0.23%	0.0%	0.0%
	CHRW	C	0.34%	0.02%	0.02%
	CLB	B	0.01%	0.0%	0.0%
	CLF	F	0.18%	0.0%	0.0%
	CMA	A	0.25%	0.03%	0.03%
	CMC	B	0.18%	0.01%	0.01%
	CNK	B	0.05%	0.01%	0.01%
	CNO	A	0.1%	0.01%	0.01%
	CNX	A	0.14%	0.01%	0.01%
	CNXC	F	0.07%	0.0%	0.0%
	COHR	B	0.21%	0.05%	0.05%
	COLB	A	0.17%	0.01%	0.01%
	COLM	B	0.04%	0.0%	0.0%
	COOP	B	0.16%	0.02%	0.02%
	COTY	F	0.08%	0.0%	0.0%
	CPRI	F	0.06%	0.0%	0.0%
	CPT	B	0.36%	0.03%	0.03%
	CR	A	0.22%	0.02%	0.02%
	CRC	A	0.12%	0.0%	0.0%
	CRI	D	0.05%	0.0%	0.0%
	CRUS	D	0.17%	0.02%	0.02%
	CSGS	B	0.04%	0.0%	0.0%
	CSL	C	0.57%	0.07%	0.07%
	CSR	B	0.03%	0.0%	0.0%
	CUZ	B	0.14%	0.01%	0.01%
	CVBF	A	0.08%	0.0%	0.0%
	CWEN	C	0.07%	0.01%	0.01%
	CWEN	C	0.03%	0.01%	0.01%
	CWK	B	0.09%	0.01%	0.01%
	CXT	B	0.08%	0.0%	0.0%
	CXW	B	0.04%	0.0%	0.0%
	DAN	D	0.03%	0.0%	0.0%
	DCI	B	0.26%	0.01%	0.01%
	DEI	B	0.09%	0.01%	0.01%
	DINO	D	0.18%	0.0%	0.0%
	DKS	C	0.23%	0.04%	0.04%
	DLX	B	0.02%	0.0%	0.0%
	DNOW	B	0.04%	0.0%	0.0%
	DOC	D	0.23%	0.04%	0.04%
	DRH	B	0.05%	0.0%	0.0%
	DTM	B	0.26%	0.02%	0.02%
	DVA	B	0.17%	0.02%	0.02%
	DXC	B	0.1%	0.0%	0.0%
	DY	D	0.07%	0.02%	0.02%
	EAT	A	0.13%	0.02%	0.02%
	ECPG	B	0.03%	0.0%	0.0%
	EGBN	B	0.01%	0.0%	0.0%
	EGP	F	0.24%	0.01%	0.01%
	EHC	B	0.29%	0.02%	0.02%
	EIG	B	0.04%	0.0%	0.0%
	ELME	D	0.04%	0.0%	0.0%
	EMBC	C	0.02%	0.0%	0.0%
	EME	C	0.61%	0.08%	0.08%
	EMN	D	0.36%	0.03%	0.03%
	ENOV	C	0.07%	0.0%	0.0%
	ENR	B	0.07%	0.0%	0.0%
	ENS	D	0.11%	0.0%	0.0%
	EPAM	C	0.3%	0.0%	0.0%
	EPC	D	0.05%	0.0%	0.0%
	EPR	D	0.1%	0.0%	0.0%
	EQH	B	0.42%	0.04%	0.04%
	ESAB	B	0.21%	0.02%	0.02%
	ESE	B	0.09%	0.0%	0.0%
	ESNT	D	0.18%	0.01%	0.01%
	EVR	B	0.28%	0.04%	0.04%
	EVRG	A	0.19%	0.02%	0.02%
	EVTC	B	0.06%	0.0%	0.0%
	EWBC	A	0.39%	0.04%	0.04%
	EYE	C	0.02%	0.0%	0.0%
	FAF	A	0.18%	0.01%	0.01%
	FBIN	D	0.3%	0.03%	0.03%
	FBP	B	0.09%	0.01%	0.01%
	FCF	A	0.05%	0.0%	0.0%
	FCN	D	0.2%	0.0%	0.0%
	FDP	B	0.04%	0.0%	0.0%
	FFBC	A	0.07%	0.0%	0.0%
	FFIN	B	0.13%	0.01%	0.01%
	FFIV	B	0.4%	0.03%	0.03%
	FHB	A	0.09%	0.0%	0.0%
	FHI	A	0.09%	0.0%	0.0%
	FHN	A	0.27%	0.02%	0.02%
	FL	F	0.06%	0.0%	0.0%
	FLO	D	0.12%	0.0%	0.0%
	FLR	B	0.26%	0.02%	0.02%
	FLS	B	0.2%	0.02%	0.02%
	FMC	D	0.24%	0.01%	0.01%
	FNB	A	0.15%	0.01%	0.01%
	FR	D	0.2%	0.01%	0.01%
	FRT	B	0.27%	0.01%	0.01%
	FTRE	D	0.04%	0.0%	0.0%
	FUL	F	0.12%	0.01%	0.01%
	FULT	A	0.1%	0.01%	0.01%
	FWRD	D	0.01%	0.0%	0.0%
	FYBR	D	0.26%	0.03%	0.03%
	G	B	0.2%	0.0%	0.0%
	GAP	B	0.15%	0.02%	0.02%
	GATX	A	0.14%	0.01%	0.01%
	GBCI	B	0.17%	0.01%	0.01%
	GBX	A	0.05%	0.0%	0.0%
	GEF	A	0.04%	0.0%	0.0%
	GEF	A	0.0%	0.0%	0.0%
	GEO	B	0.06%	0.01%	0.01%
	GES	F	0.01%	0.0%	0.0%
	GFF	A	0.08%	0.01%	0.01%
	GHC	C	0.08%	0.01%	0.01%
	GIII	D	0.03%	0.0%	0.0%
	GL	B	0.28%	0.0%	0.0%
	GLPI	C	0.38%	0.01%	0.01%
	GME	C	0.25%	0.03%	0.03%
	GMS	B	0.1%	0.01%	0.01%
	GNL	F	0.05%	0.0%	0.0%
	GNW	A	0.09%	0.0%	0.0%
	GO	C	0.04%	0.0%	0.0%
	GPI	A	0.14%	0.01%	0.01%
	GPK	C	0.25%	0.01%	0.01%
	GT	C	0.07%	0.0%	0.0%
	GTES	A	0.13%	0.01%	0.01%
	GTY	B	0.04%	0.0%	0.0%
	GVA	A	0.11%	0.01%	0.01%
	HAIN	C	0.02%	0.0%	0.0%
	HAS	D	0.25%	0.02%	0.02%
	HASI	D	0.12%	0.01%	0.01%
	HAYW	B	0.07%	0.0%	0.0%
	HBI	B	0.07%	0.01%	0.01%
	HCC	B	0.1%	0.0%	0.0%
	HCSG	C	0.02%	0.0%	0.0%
	HELE	C	0.04%	0.0%	0.0%
	HI	C	0.06%	0.0%	0.0%
	HII	D	0.21%	0.01%	0.01%
	HIW	D	0.1%	0.01%	0.01%
	HMN	B	0.04%	0.0%	0.0%
	HNI	B	0.06%	0.01%	0.01%
	HOG	D	0.11%	0.01%	0.01%
	HOMB	A	0.14%	0.01%	0.01%
	HOPE	B	0.04%	0.0%	0.0%
	HP	B	0.04%	0.0%	0.0%
	HPP	F	0.02%	0.0%	0.0%
	HRB	D	0.24%	0.02%	0.02%
	HSIC	B	0.26%	0.0%	0.0%
	HTH	B	0.04%	0.0%	0.0%
	HTLD	B	0.01%	0.0%	0.0%
	HUBB	B	0.33%	0.07%	0.07%
	HUBG	A	0.07%	0.0%	0.0%
	HWC	B	0.13%	0.01%	0.01%
	IART	C	0.04%	0.0%	0.0%
	IBOC	A	0.1%	0.01%	0.01%
	IBTX	B	0.06%	0.0%	0.0%
	ICUI	D	0.12%	0.01%	0.01%
	IDA	A	0.16%	0.0%	0.0%
	IEX	B	0.47%	0.01%	0.01%
	INDB	B	0.07%	0.0%	0.0%
	INGR	B	0.25%	0.02%	0.02%
	INN	D	0.01%	0.0%	0.0%
	INVA	D	0.03%	0.0%	0.0%
	IOSP	B	0.08%	0.0%	0.0%
	IPG	D	0.32%	0.0%	0.0%
	IPGP	D	0.06%	0.0%	0.0%
	ITGR	B	0.12%	0.01%	0.01%
	ITT	A	0.33%	0.03%	0.03%
	IVZ	B	0.22%	0.02%	0.02%
	JACK	D	0.03%	0.0%	0.0%
	JAZZ	B	0.19%	0.0%	0.0%
	JBGS	D	0.04%	0.0%	0.0%
	JBL	B	0.39%	0.0%	0.0%
	JBLU	F	0.02%	0.01%	0.01%
	JEF	A	0.27%	0.04%	0.04%
	JHG	A	0.15%	0.01%	0.01%
	JLL	D	0.38%	0.04%	0.04%
	JNPR	F	0.37%	0.03%	0.03%
	JWN	C	0.09%	0.01%	0.01%
	JXN	C	0.22%	0.03%	0.03%
	KALU	C	0.03%	0.0%	0.0%
	KAR	B	0.05%	0.0%	0.0%
	KBH	D	0.15%	0.02%	0.02%
	KBR	F	0.26%	0.0%	0.0%
	KD	B	0.15%	0.02%	0.02%
	KELYA	F	0.02%	0.0%	0.0%
	KEX	C	0.19%	0.02%	0.02%
	KFY	B	0.11%	0.01%	0.01%
	KIM	A	0.47%	0.03%	0.03%
	KMPR	B	0.11%	0.01%	0.01%
	KMT	B	0.06%	0.0%	0.0%
	KMX	B	0.33%	0.01%	0.01%
	KN	B	0.04%	0.0%	0.0%
	KNF	A	0.16%	0.02%	0.02%
	KNX	B	0.23%	0.0%	0.0%
	KOP	C	0.02%	0.0%	0.0%
	KRC	C	0.14%	0.01%	0.01%
	KSS	F	0.06%	0.0%	0.0%
	KTB	B	0.14%	0.01%	0.01%
	KWR	C	0.03%	0.0%	0.0%
	LAD	A	0.26%	0.01%	0.01%
	LAMR	D	0.17%	0.03%	0.03%
	LCII	C	0.04%	0.0%	0.0%
	LDOS	C	0.36%	0.07%	0.07%
	LEA	D	0.16%	0.0%	0.0%
	LEG	F	0.04%	0.0%	0.0%
	LESL	C	0.0%	0.0%	0.0%
	LGND	B	0.05%	0.01%	0.01%
	LKQ	D	0.28%	0.0%	0.0%
	LNC	B	0.17%	0.01%	0.01%
	LPX	B	0.18%	0.02%	0.02%
	LRN	A	0.06%	0.01%	0.01%
	LTC	B	0.05%	0.0%	0.0%
	LUMN	C	0.19%	0.03%	0.03%
	LXP	D	0.08%	0.0%	0.0%
	LZB	B	0.05%	0.0%	0.0%
	M	D	0.12%	0.01%	0.01%
	MAC	B	0.12%	0.01%	0.01%
	MAN	D	0.09%	0.0%	0.0%
	MAT	D	0.2%	0.0%	0.0%
	MATV	D	0.02%	0.0%	0.0%
	MATW	C	0.02%	0.0%	0.0%
	MATX	C	0.15%	0.02%	0.02%
	MCY	A	0.05%	0.01%	0.01%
	MD	B	0.03%	0.0%	0.0%
	MDU	D	0.16%	0.01%	0.01%
	MGEE	C	0.1%	0.0%	0.0%
	MGM	D	0.12%	0.0%	0.0%
	MHK	D	0.21%	0.02%	0.02%
	MHO	D	0.06%	0.01%	0.01%
	MIDD	C	0.2%	0.01%	0.01%
	MKSI	C	0.2%	0.02%	0.02%
	MLI	C	0.27%	0.03%	0.03%
	MLKN	D	0.05%	0.0%	0.0%
	MMI	B	0.03%	0.0%	0.0%
	MNRO	D	0.02%	0.0%	0.0%
	MODG	F	0.02%	0.0%	0.0%
	MOG.A	B	0.16%	0.02%	0.02%
	MOS	F	0.25%	0.0%	0.0%
	MPW	F	0.08%	0.0%	0.0%
	MSA	D	0.18%	0.0%	0.0%
	MSM	C	0.1%	0.0%	0.0%
	MTG	C	0.19%	0.02%	0.02%
	MTH	D	0.19%	0.02%	0.02%
	MTRN	C	0.06%	0.0%	0.0%
	MTX	B	0.07%	0.01%	0.01%
	MTZ	B	0.11%	0.03%	0.03%
	MUR	D	0.13%	0.0%	0.0%
	MUSA	A	0.26%	0.02%	0.02%
	MXL	C	0.01%	0.0%	0.0%
	MYGN	F	0.03%	0.0%	0.0%
	NABL	F	0.01%	0.0%	0.0%
	NATL	B	0.06%	0.0%	0.0%
	NAVI	C	0.03%	0.0%	0.0%
	NBHC	B	0.05%	0.0%	0.0%
	NBTB	B	0.06%	0.0%	0.0%
	NCLH	B	0.16%	0.03%	0.03%
	NFG	A	0.16%	0.0%	0.0%
	NGVT	B	0.04%	0.0%	0.0%
	NHC	C	0.04%	0.01%	0.01%
	NI	A	0.23%	0.03%	0.03%
	NJR	A	0.13%	0.0%	0.0%
	NNN	D	0.23%	0.01%	0.01%
	NPO	A	0.09%	0.01%	0.01%
	NRG	B	0.55%	0.06%	0.06%
	NSIT	F	0.17%	0.01%	0.01%
	NSP	D	0.08%	0.0%	0.0%
	NTCT	C	0.04%	0.0%	0.0%
	NVRI	F	0.01%	0.0%	0.0%
	NVST	B	0.11%	0.0%	0.0%
	NVT	B	0.36%	0.03%	0.03%
	NWBI	B	0.05%	0.0%	0.0%
	NWE	A	0.1%	0.0%	0.0%
	NWL	B	0.1%	0.0%	0.0%
	NWN	A	0.04%	0.0%	0.0%
	NX	C	0.04%	0.0%	0.0%
	NXST	C	0.16%	0.0%	0.0%
	NYT	C	0.25%	0.02%	0.02%
	OC	A	0.45%	0.04%	0.04%
	ODP	F	0.03%	0.0%	0.0%
	OFG	B	0.05%	0.0%	0.0%
	OGE	B	0.23%	0.01%	0.01%
	OGN	D	0.14%	0.01%	0.01%
	OGS	A	0.12%	0.0%	0.0%
	OHI	C	0.32%	0.01%	0.01%
	OI	C	0.05%	0.0%	0.0%
	OLN	D	0.14%	0.0%	0.0%
	OMCL	C	0.07%	0.0%	0.0%
	OMI	F	0.03%	0.0%	0.0%
	ONB	B	0.18%	0.01%	0.01%
	ORI	A	0.24%	0.01%	0.01%
	OSIS	B	0.06%	0.0%	0.0%
	OSK	B	0.19%	0.0%	0.0%
	OTTR	C	0.1%	0.01%	0.01%
	OUT	A	0.07%	0.01%	0.01%
	OVV	B	0.3%	0.0%	0.0%
	OXM	D	0.03%	0.0%	0.0%
	OZK	B	0.14%	0.0%	0.0%
	PAG	B	0.09%	0.0%	0.0%
	PARA	C	0.17%	0.0%	0.0%
	PB	A	0.19%	0.01%	0.01%
	PBF	D	0.08%	0.0%	0.0%
	PBH	A	0.11%	0.01%	0.01%
	PBI	B	0.04%	0.0%	0.0%
	PCH	D	0.1%	0.0%	0.0%
	PCRX	C	0.02%	0.0%	0.0%
	PDCO	D	0.05%	0.0%	0.0%
	PECO	A	0.07%	0.0%	0.0%
	PENN	C	0.09%	0.0%	0.0%
	PFGC	B	0.37%	0.02%	0.02%
	PFS	B	0.07%	0.01%	0.01%
	PHIN	A	0.06%	0.01%	0.01%
	PII	D	0.11%	0.0%	0.0%
	PIPR	B	0.14%	0.02%	0.02%
	PK	B	0.08%	0.01%	0.01%
	PLXS	B	0.11%	0.0%	0.0%
	PMT	D	0.03%	0.0%	0.0%
	PNFP	B	0.11%	0.02%	0.02%
	PNM	F	0.11%	0.0%	0.0%
	PNR	A	0.48%	0.05%	0.05%
	PNW	B	0.29%	0.01%	0.01%
	POR	C	0.14%	0.0%	0.0%
	POST	C	0.07%	0.01%	0.01%
	PPBI	B	0.07%	0.01%	0.01%
	PPC	C	0.05%	0.01%	0.01%
	PR	B	0.13%	0.0%	0.0%
	PRA	C	0.02%	0.0%	0.0%
	PRAA	C	0.02%	0.0%	0.0%
	PRG	C	0.05%	0.01%	0.01%
	PRGO	B	0.1%	0.0%	0.0%
	PRGS	A	0.08%	0.0%	0.0%
	PRI	A	0.27%	0.02%	0.02%
	PRK	B	0.07%	0.01%	0.01%
	PRLB	A	0.02%	0.0%	0.0%
	PSMT	C	0.06%	0.0%	0.0%
	PSN	D	0.15%	0.01%	0.01%
	PTEN	C	0.09%	0.0%	0.0%
	PUMP	B	0.02%	0.0%	0.0%
	PVH	C	0.16%	0.01%	0.01%
	PZZA	D	0.05%	0.0%	0.0%
	QRVO	F	0.2%	0.01%	0.01%
	R	B	0.18%	0.02%	0.02%
	RDN	C	0.15%	0.01%	0.01%
	REG	B	0.38%	0.01%	0.01%
	REZI	A	0.08%	0.0%	0.0%
	RGA	A	0.41%	0.03%	0.03%
	RGR	F	0.02%	0.0%	0.0%
	RHI	B	0.2%	0.0%	0.0%
	RL	B	0.22%	0.03%	0.03%
	RLI	B	0.2%	0.01%	0.01%
	RNR	C	0.4%	0.01%	0.01%
	RNST	B	0.06%	0.0%	0.0%
	ROIC	A	0.05%	0.0%	0.0%
	RPM	A	0.48%	0.03%	0.03%
	RRC	B	0.2%	0.0%	0.0%
	RRX	B	0.32%	0.02%	0.02%
	RS	B	0.46%	0.01%	0.01%
	RUSHA	C	0.1%	0.01%	0.01%
	RWT	D	0.03%	0.0%	0.0%
	RXO	C	0.06%	0.01%	0.01%
	RYN	D	0.14%	0.0%	0.0%
	SAFT	C	0.03%	0.0%	0.0%
	SAH	A	0.02%	0.0%	0.0%
	SAIC	F	0.22%	0.0%	0.0%
	SANM	B	0.11%	0.01%	0.01%
	SATS	D	0.09%	0.01%	0.01%
	SBH	C	0.04%	0.0%	0.0%
	SBRA	C	0.13%	0.01%	0.01%
	SCHL	D	0.01%	0.0%	0.0%
	SCI	B	0.33%	0.03%	0.03%
	SCL	C	0.05%	0.0%	0.0%
	SCSC	B	0.03%	0.0%	0.0%
	SEE	C	0.12%	0.0%	0.0%
	SEIC	B	0.26%	0.01%	0.01%
	SEM	B	0.1%	0.01%	0.01%
	SF	B	0.29%	0.04%	0.04%
	SFBS	B	0.06%	0.01%	0.01%
	SFM	A	0.38%	0.05%	0.05%
	SFNC	B	0.08%	0.01%	0.01%
	SHO	C	0.06%	0.0%	0.0%
	SHOO	D	0.05%	0.0%	0.0%
	SIG	B	0.11%	0.01%	0.01%
	SIGI	C	0.16%	0.0%	0.0%
	SJM	D	0.34%	0.0%	0.0%
	SKT	B	0.11%	0.01%	0.01%
	SKYW	B	0.11%	0.02%	0.02%
	SLG	B	0.14%	0.02%	0.02%
	SLGN	A	0.12%	0.0%	0.0%
	SLM	A	0.14%	0.01%	0.01%
	SM	B	0.07%	0.0%	0.0%
	SMG	D	0.11%	0.01%	0.01%
	SNV	B	0.2%	0.03%	0.03%
	SNX	C	0.22%	0.01%	0.01%
	SOLV	C	0.29%	0.0%	0.0%
	SON	D	0.15%	0.0%	0.0%
	SPNT	A	0.04%	0.0%	0.0%
	SR	A	0.1%	0.0%	0.0%
	SSB	B	0.22%	0.02%	0.02%
	SSTK	F	0.01%	0.0%	0.0%
	ST	F	0.15%	0.0%	0.0%
	STAG	F	0.2%	0.01%	0.01%
	STBA	B	0.04%	0.0%	0.0%
	STEP	B	0.05%	0.01%	0.01%
	STLD	B	0.28%	0.01%	0.01%
	STRA	C	0.06%	0.0%	0.0%
	STWD	C	0.18%	0.0%	0.0%
	SUPN	C	0.05%	0.0%	0.0%
	SVC	F	0.02%	0.0%	0.0%
	SW	A	0.78%	0.07%	0.07%
	SWX	B	0.13%	0.01%	0.01%
	SXI	B	0.06%	0.0%	0.0%
	SXT	B	0.09%	0.0%	0.0%
	SYNA	C	0.08%	0.0%	0.0%
	TAP	C	0.28%	0.0%	0.0%
	TCBI	B	0.1%	0.0%	0.0%
	TDC	D	0.09%	0.0%	0.0%
	TDS	B	0.08%	0.0%	0.0%
	TEX	D	0.1%	0.0%	0.0%
	TFX	F	0.28%	0.01%	0.01%
	TGI	B	0.01%	0.0%	0.0%
	TGNA	B	0.08%	0.0%	0.0%
	THC	D	0.43%	0.06%	0.06%
	THG	A	0.14%	0.01%	0.01%
	THO	B	0.15%	0.01%	0.01%
	THS	D	0.05%	0.0%	0.0%
	TILE	B	0.01%	0.0%	0.0%
	TKR	D	0.15%	0.0%	0.0%
	TMHC	B	0.2%	0.02%	0.02%
	TMP	B	0.02%	0.0%	0.0%
	TNL	A	0.09%	0.01%	0.01%
	TOL	B	0.44%	0.05%	0.05%
	TPH	D	0.11%	0.01%	0.01%
	TPR	B	0.32%	0.04%	0.04%
	TRMK	B	0.06%	0.0%	0.0%
	TRN	B	0.08%	0.01%	0.01%
	TTEK	F	0.38%	0.03%	0.03%
	TTMI	B	0.06%	0.0%	0.0%
	UA	B	0.03%	0.0%	0.0%
	UAA	C	0.05%	0.0%	0.0%
	UBSI	B	0.15%	0.01%	0.01%
	UCB	A	0.1%	0.01%	0.01%
	UE	C	0.08%	0.0%	0.0%
	UFPI	B	0.21%	0.01%	0.01%
	UGI	A	0.15%	0.0%	0.0%
	UHS	D	0.34%	0.04%	0.04%
	UMBF	B	0.13%	0.02%	0.02%
	UNF	B	0.08%	0.0%	0.0%
	UNFI	A	0.03%	0.0%	0.0%
	UNIT	B	0.03%	0.0%	0.0%
	UNM	A	0.28%	0.01%	0.01%
	UPBD	B	0.04%	0.0%	0.0%
	URBN	C	0.07%	0.01%	0.01%
	USFD	A	0.44%	0.04%	0.04%
	USNA	C	0.01%	0.0%	0.0%
	UTHR	C	0.49%	0.05%	0.05%
	UVV	B	0.03%	0.0%	0.0%
	VAC	B	0.07%	0.0%	0.0%
	VC	D	0.04%	0.0%	0.0%
	VFC	C	0.24%	0.01%	0.01%
	VIAV	B	0.06%	0.0%	0.0%
	VIRT	B	0.07%	0.01%	0.01%
	VLY	B	0.12%	0.0%	0.0%
	VMI	B	0.18%	0.02%	0.02%
	VNO	B	0.22%	0.02%	0.02%
	VNT	B	0.17%	0.01%	0.01%
	VOYA	B	0.23%	0.01%	0.01%
	VRE	B	0.04%	0.0%	0.0%
	VRTS	B	0.04%	0.0%	0.0%
	VSAT	F	0.03%	0.0%	0.0%
	VSCO	B	0.07%	0.0%	0.0%
	VSH	D	0.06%	0.0%	0.0%
	VSTO	A	0.03%	0.01%	0.01%
	VSTS	C	0.05%	0.0%	0.0%
	VVV	F	0.15%	0.01%	0.01%
	VYX	B	0.05%	0.0%	0.0%
	WABC	B	0.04%	0.0%	0.0%
	WAFD	B	0.08%	0.01%	0.01%
	WAL	B	0.25%	0.03%	0.03%
	WBA	F	0.1%	0.0%	0.0%
	WBS	A	0.26%	0.01%	0.01%
	WCC	B	0.28%	0.01%	0.01%
	WD	D	0.1%	0.01%	0.01%
	WEN	D	0.1%	0.0%	0.0%
	WERN	C	0.06%	0.0%	0.0%
	WHR	B	0.17%	0.0%	0.0%
	WKC	D	0.04%	0.0%	0.0%
	WLK	D	0.07%	0.01%	0.01%
	WNC	C	0.02%	0.0%	0.0%
	WOR	F	0.03%	0.0%	0.0%
	WS	B	0.04%	0.01%	0.01%
	WSFS	A	0.09%	0.0%	0.0%
	WSM	B	0.39%	0.06%	0.06%
	WT	B	0.04%	0.0%	0.0%
	WTFC	A	0.23%	0.02%	0.02%
	WTRG	B	0.28%	0.01%	0.01%
	WTS	B	0.15%	0.01%	0.01%
	WU	D	0.11%	0.0%	0.0%
	WWW	B	0.03%	0.0%	0.0%
	X	C	0.23%	0.01%	0.01%
	XHR	B	0.02%	0.0%	0.0%
	XPO	B	0.21%	0.04%	0.04%
	XRAY	F	0.14%	0.0%	0.0%
	XRX	F	0.03%	0.0%	0.0%
	ZD	B	0.06%	0.0%	0.0%
	ZION	B	0.22%	0.02%	0.02%
	ZWS	B	0.14%	0.01%	0.01%

VBR Overweight 172 Positions Relative to MMTM

	Symbol	Grade	Weight
	BAH	F	0.69%
	FCNCA	A	0.61%
	Z	A	0.27%
	ALSN	B	0.27%
	APG	B	0.25%
	AGNC	D	0.21%
	BPOP	B	0.19%
	UHAL	D	0.19%
	ELAN	D	0.18%
	BECN	B	0.17%
	SRCL	C	0.17%
	ACI	C	0.17%
	SUM	B	0.17%
	SIRI	C	0.17%
	ESI	A	0.17%
	AXS	A	0.17%
	OMF	A	0.17%
	TPG	A	0.16%
	MDGL	B	0.14%
	AUR	C	0.14%
	RIVN	F	0.13%
	WTM	A	0.13%
	LYFT	C	0.13%
	DNB	B	0.12%
	EDR	A	0.12%
	HUN	F	0.11%
	ESGR	B	0.11%
	NUVL	D	0.11%
	HL	D	0.11%
	BNL	D	0.1%
	NHI	D	0.1%
	IAC	D	0.1%
	MIR	A	0.09%
	ADTN	A	0.09%
	ATKR	C	0.09%
	BTU	B	0.09%
	EBC	B	0.09%
	PRIM	A	0.09%
	COMP	B	0.09%
	FIBK	A	0.08%
	DBRG	F	0.08%
	ALIT	C	0.08%
	MGRC	B	0.08%
	RNG	B	0.08%
	IOVA	F	0.08%
	CDE	D	0.07%
	RNA	D	0.07%
	BOKF	B	0.07%
	SPB	C	0.07%
	PFSI	D	0.07%
	NMRK	B	0.06%
	CGON	F	0.06%
	IMVT	F	0.06%
	WLY	B	0.06%
	EQC	B	0.06%
	PINC	B	0.06%
	SMMT	D	0.06%
	ZG	A	0.06%
	HURN	B	0.06%
	FRME	B	0.06%
	LAUR	A	0.06%
	INFA	D	0.06%
	IVT	B	0.06%
	TOWN	B	0.06%
	JOBY	B	0.06%
	DDS	B	0.05%
	HEES	B	0.05%
	HE	C	0.05%
	GOLF	B	0.05%
	WSBC	B	0.05%
	CRGY	B	0.05%
	DYN	F	0.04%
	PDM	D	0.04%
	NNI	D	0.04%
	LADR	B	0.04%
	RRR	D	0.04%
	REVG	B	0.04%
	VRNT	C	0.04%
	ESRT	C	0.04%
	CODI	B	0.04%
	REYN	D	0.04%
	VCTR	B	0.04%
	TROX	D	0.04%
	SMR	B	0.04%
	LC	A	0.04%
	HLIO	B	0.04%
	NPAB	B	0.04%
	THR	B	0.03%
	FA	C	0.03%
	LGF.A	C	0.03%
	BV	B	0.03%
	DK	C	0.03%
	DNUT	D	0.03%
	USM	B	0.03%
	MRC	B	0.03%
	WMK	C	0.03%
	SCS	C	0.03%
	INSW	F	0.03%
	TRS	B	0.03%
	SNDR	B	0.03%
	ACT	D	0.03%
	KFRC	D	0.03%
	FBRT	C	0.03%
	ATSG	B	0.03%
	HTLF	B	0.03%
	RBRK	A	0.03%
	CNNE	B	0.03%
	MSGE	F	0.03%
	AIV	C	0.03%
	JELD	F	0.03%
	BKD	D	0.03%
	AMRX	C	0.03%
	CMPR	D	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%
	HY	D	0.02%
	UHAL	D	0.02%
	SWI	B	0.02%
	SEB	F	0.02%
	BMBL	D	0.02%
	KREF	D	0.02%
	ECVT	C	0.02%
	ETWO	F	0.02%
	HLF	C	0.02%
	CMTG	F	0.02%
	FG	B	0.02%
	BRSP	B	0.02%
	LEVI	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%
	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%
	RUSHB	B	0.01%
	WRLD	C	0.01%
	VMEO	B	0.01%
	RMR	F	0.01%
	GRC	A	0.01%
	EE	A	0.01%
	PTVE	B	0.01%
	CCO	C	0.01%
	CLBK	B	0.01%
	ARRY	D	0.01%
	DJT	C	0.01%
	GCMG	B	0.01%
	LGF.A	C	0.01%
	SCWX	B	0.0%
	AC	C	0.0%
	AMCX	C	0.0%
	ACDC	C	0.0%
	TASK	C	0.0%
	LDI	C	0.0%
	NUS	D	0.0%
	BRCC	F	0.0%

VBR Underweight 819 Positions Relative to MMTM

	Symbol	Grade	Weight
	NVDA	C	-12.73%
	AAPL	C	-5.96%
	AMZN	C	-4.11%
	META	D	-3.99%
	MSFT	F	-3.16%
	AVGO	D	-2.66%
	JPM	A	-1.81%
	LLY	F	-1.74%
	GOOGL	C	-1.58%
	BRK.A	B	-1.32%
	GOOG	C	-1.16%
	COST	B	-1.15%
	NFLX	A	-1.07%
	TSLA	B	-1.02%
	HD	A	-0.91%
	ORCL	B	-0.89%
	WMT	A	-0.89%
	BAC	A	-0.81%
	ABBV	D	-0.68%
	AMD	F	-0.67%
	GE	D	-0.65%
	ISRG	A	-0.6%
	MA	C	-0.58%
	GS	A	-0.56%
	WFC	A	-0.56%
	CAT	B	-0.56%
	NOW	A	-0.56%
	CRM	B	-0.55%
	IBM	C	-0.51%
	AXP	A	-0.51%
	QCOM	F	-0.48%
	UBER	D	-0.45%
	PM	B	-0.45%
	TXN	C	-0.43%
	PGR	A	-0.42%
	PLTR	B	-0.4%
	SPGI	C	-0.4%
	MS	A	-0.4%
	ETN	A	-0.4%
	AMAT	F	-0.4%
	BKNG	A	-0.4%
	RTX	C	-0.39%
	TMO	F	-0.39%
	T	A	-0.39%
	BX	A	-0.39%
	NEE	D	-0.38%
	BLK	C	-0.38%
	BSX	B	-0.36%
	C	A	-0.36%
	DHR	F	-0.35%
	LOW	D	-0.35%
	KKR	A	-0.34%
	V	A	-0.33%
	KO	D	-0.33%
	ANET	C	-0.32%
	FI	A	-0.32%
	TT	A	-0.31%
	GEV	B	-0.3%
	MU	D	-0.29%
	PANW	C	-0.27%
	PH	A	-0.27%
	ADI	D	-0.26%
	KLAC	D	-0.26%
	TMUS	B	-0.26%
	VZ	C	-0.26%
	APH	A	-0.25%
	PNC	B	-0.25%
	PG	A	-0.25%
	SHW	A	-0.25%
	CEG	D	-0.24%
	XOM	B	-0.24%
	TDG	D	-0.23%
	MMM	D	-0.23%
	MSI	B	-0.23%
	ICE	C	-0.22%
	CTAS	B	-0.21%
	TJX	A	-0.21%
	CRWD	B	-0.21%
	PYPL	B	-0.21%
	MCO	B	-0.2%
	SYK	C	-0.2%
	LRCX	F	-0.2%
	HCA	F	-0.2%
	WELL	A	-0.2%
	CB	C	-0.19%
	CMG	B	-0.19%
	URI	B	-0.19%
	AMGN	D	-0.19%
	CARR	D	-0.19%
	FICO	B	-0.19%
	USB	A	-0.19%
	LIN	D	-0.18%
	MO	A	-0.18%
	SO	D	-0.18%
	GM	B	-0.18%
	RCL	A	-0.18%
	JNJ	D	-0.17%
	ECL	D	-0.17%
	VST	B	-0.17%
	BK	A	-0.17%
	COF	B	-0.17%
	TFC	A	-0.17%
	CL	D	-0.16%
	LMT	D	-0.16%
	HWM	A	-0.16%
	JCI	C	-0.16%
	INTU	C	-0.16%
	TGT	F	-0.16%
	ABT	B	-0.16%
	ADP	B	-0.15%
	VRTX	F	-0.15%
	UNH	C	-0.15%
	MDT	D	-0.15%
	HLT	A	-0.15%
	PWR	A	-0.15%
	FCX	D	-0.15%
	DHI	D	-0.15%
	SPG	B	-0.15%
	MCD	D	-0.14%
	PSA	D	-0.14%
	OKE	A	-0.14%
	ACN	C	-0.14%
	FIS	C	-0.14%
	AXON	A	-0.14%
	PLD	D	-0.13%
	DIS	B	-0.13%
	ADSK	A	-0.13%
	CBRE	B	-0.13%
	ALL	A	-0.13%
	REGN	F	-0.13%
	WMB	A	-0.13%
	LEN	D	-0.13%
	DFS	B	-0.13%
	DUK	C	-0.13%
	TRGP	B	-0.13%
	AMP	A	-0.13%
	D	C	-0.12%
	DAL	C	-0.12%
	IR	B	-0.12%
	UNP	C	-0.12%
	NXPI	D	-0.12%
	SCHW	B	-0.12%
	GWW	B	-0.12%
	TRV	B	-0.12%
	CMI	A	-0.12%
	DELL	C	-0.12%
	AFL	B	-0.12%
	AMT	D	-0.12%
	NEM	D	-0.11%
	PEG	A	-0.11%
	GLW	B	-0.11%
	EXR	D	-0.11%
	IRM	D	-0.11%
	MRK	F	-0.11%
	WM	A	-0.1%
	HIG	B	-0.1%
	GRMN	B	-0.1%
	EFX	F	-0.1%
	MTB	A	-0.1%
	WAB	B	-0.1%
	MET	A	-0.1%
	IT	C	-0.1%
	FITB	A	-0.1%
	O	D	-0.1%
	RMD	C	-0.1%
	FTNT	C	-0.1%
	AEP	D	-0.1%
	KMI	A	-0.1%
	NVR	D	-0.09%
	PRU	A	-0.09%
	A	D	-0.09%
	SYF	B	-0.09%
	MAR	B	-0.09%
	PHM	D	-0.09%
	EBAY	D	-0.09%
	GDDY	A	-0.09%
	MPWR	F	-0.09%
	GD	F	-0.08%
	DECK	A	-0.08%
	TSCO	D	-0.08%
	GEHC	F	-0.08%
	NDAQ	A	-0.08%
	NSC	B	-0.08%
	UAL	A	-0.08%
	DLR	B	-0.08%
	XYL	D	-0.07%
	CFG	B	-0.07%
	AVB	B	-0.07%
	DOV	A	-0.07%
	HON	B	-0.07%
	OTIS	C	-0.07%
	MMC	B	-0.07%
	CCI	D	-0.07%
	CCL	B	-0.07%
	VTR	C	-0.07%
	TYL	C	-0.07%
	EQIX	A	-0.07%
	ETR	B	-0.07%
	HBAN	A	-0.07%
	VLTO	D	-0.07%
	EIX	B	-0.07%
	RF	A	-0.07%
	NTAP	C	-0.07%
	LHX	C	-0.07%
	RSG	A	-0.07%
	HPQ	A	-0.07%
	CVX	A	-0.07%
	LII	A	-0.06%
	ORLY	B	-0.06%
	BURL	A	-0.06%
	TPL	A	-0.06%
	PODD	C	-0.06%
	STT	A	-0.06%
	IBKR	A	-0.06%
	EXPE	B	-0.06%
	ELV	F	-0.06%
	IFF	D	-0.06%
	EMR	A	-0.06%
	STX	D	-0.06%
	PEP	F	-0.06%
	WDC	D	-0.06%
	FSLR	F	-0.06%
	BRO	B	-0.06%
	MTD	D	-0.06%
	CSCO	B	-0.06%
	ZBRA	B	-0.06%
	ROST	C	-0.06%
	ZTS	D	-0.06%
	K	A	-0.06%
	CW	B	-0.05%
	CMCSA	B	-0.05%
	DE	A	-0.05%
	KR	B	-0.05%
	ITW	B	-0.05%
	PPL	B	-0.05%
	SRE	A	-0.05%
	DTE	C	-0.05%
	PKG	A	-0.05%
	IQV	D	-0.05%
	HPE	B	-0.05%
	IP	B	-0.05%
	MAS	D	-0.05%
	CPAY	A	-0.05%
	GEN	B	-0.05%
	MLM	B	-0.05%
	TER	D	-0.05%
	CINF	A	-0.05%
	PCAR	B	-0.05%
	BBY	D	-0.05%
	AZO	C	-0.05%
	GILD	C	-0.05%
	EQR	B	-0.05%
	FIX	A	-0.05%
	AJG	B	-0.05%
	KEY	B	-0.05%
	KVUE	A	-0.05%
	WAT	B	-0.05%
	BLD	D	-0.04%
	GNRC	B	-0.04%
	KMB	D	-0.04%
	SRPT	D	-0.04%
	AME	A	-0.04%
	ERIE	D	-0.04%
	AON	A	-0.04%
	CDNS	B	-0.04%
	KDP	D	-0.04%
	RVTY	F	-0.04%
	FAST	B	-0.04%
	ESS	B	-0.04%
	MSCI	C	-0.04%
	MDLZ	F	-0.04%
	AIG	B	-0.04%
	DUOL	A	-0.04%
	CI	F	-0.04%
	MANH	D	-0.04%
	WSO	A	-0.04%
	FDX	B	-0.04%
	FNF	B	-0.04%
	TXRH	C	-0.04%
	BALL	D	-0.04%
	CLX	B	-0.04%
	OMC	C	-0.04%
	CSX	B	-0.04%
	VMC	B	-0.04%
	ACGL	D	-0.04%
	NTRS	A	-0.04%
	PFG	D	-0.03%
	EA	A	-0.03%
	CVLT	B	-0.03%
	VRSK	A	-0.03%
	AWK	D	-0.03%
	MKC	D	-0.03%
	ONTO	D	-0.03%
	TECH	D	-0.03%
	VTRS	A	-0.03%
	GKOS	B	-0.03%
	HLNE	B	-0.03%
	BWXT	B	-0.03%
	BR	A	-0.03%
	VICI	C	-0.03%
	FN	D	-0.03%
	FND	C	-0.03%
	PTC	A	-0.03%
	SMCI	F	-0.03%
	ROP	B	-0.03%
	IDXX	F	-0.03%
	CASY	A	-0.03%
	DD	D	-0.03%
	YUM	B	-0.03%
	HLI	B	-0.03%
	ES	D	-0.03%
	ALGN	F	-0.03%
	AAON	B	-0.03%
	UDR	B	-0.03%
	CUBE	D	-0.03%
	SBUX	A	-0.03%
	CMS	C	-0.03%
	NOC	D	-0.03%
	KEYS	A	-0.03%
	CPRT	A	-0.03%
	WTW	B	-0.03%
	BMY	B	-0.03%
	CTVA	C	-0.03%
	AVTR	F	-0.03%
	CTSH	B	-0.03%
	EXP	A	-0.03%
	WING	D	-0.03%
	CRS	A	-0.03%
	PCG	A	-0.03%
	LUV	C	-0.03%
	CTLT	B	-0.03%
	PAYX	C	-0.03%
	PSX	C	-0.03%
	COR	B	-0.03%
	LYV	A	-0.03%
	PSTG	D	-0.03%
	CLH	B	-0.03%
	RJF	A	-0.03%
	MAA	B	-0.03%
	AEE	A	-0.02%
	KHC	F	-0.02%
	LNT	A	-0.02%
	J	F	-0.02%
	FANG	D	-0.02%
	ANSS	B	-0.02%
	SHAK	C	-0.02%
	PFE	D	-0.02%
	CYTK	F	-0.02%
	RGLD	C	-0.02%
	MCHP	F	-0.02%
	H	B	-0.02%
	ABNB	C	-0.02%
	EPRT	B	-0.02%
	L	A	-0.02%
	LITE	B	-0.02%
	IBP	D	-0.02%
	DGX	A	-0.02%
	ADMA	B	-0.02%
	LNTH	D	-0.02%
	CHD	B	-0.02%
	STE	F	-0.02%
	BMI	B	-0.02%
	XEL	A	-0.02%
	CROX	D	-0.02%
	SSD	D	-0.02%
	TDY	B	-0.02%
	NWSA	B	-0.02%
	ENPH	F	-0.02%
	DPZ	C	-0.02%
	AVAV	D	-0.02%
	OLED	D	-0.02%
	INVH	D	-0.02%
	TPX	B	-0.02%
	ON	D	-0.02%
	ILMN	D	-0.02%
	WY	D	-0.02%
	CNM	D	-0.02%
	SKX	D	-0.02%
	PLNT	A	-0.02%
	RBC	A	-0.02%
	TKO	B	-0.02%
	ENSG	D	-0.02%
	FSS	B	-0.02%
	AVY	D	-0.02%
	MARA	C	-0.02%
	WWD	B	-0.02%
	F	C	-0.02%
	MASI	A	-0.02%
	KNSL	B	-0.02%
	SYY	B	-0.02%
	TROW	B	-0.02%
	SWK	D	-0.02%
	HALO	F	-0.02%
	MEDP	D	-0.02%
	STZ	D	-0.02%
	COKE	C	-0.02%
	CBOE	B	-0.02%
	RYAN	B	-0.02%
	WRB	A	-0.02%
	ADBE	C	-0.02%
	ACIW	B	-0.02%
	TSN	B	-0.02%
	FTV	C	-0.02%
	MCK	B	-0.02%
	RDNT	B	-0.02%
	DOCS	C	-0.02%
	CME	A	-0.02%
	CSWI	A	-0.02%
	ATI	D	-0.02%
	FOXA	B	-0.02%
	BRBR	A	-0.02%
	SNPS	B	-0.02%
	AMCR	D	-0.02%
	CIEN	B	-0.02%
	GIS	D	-0.02%
	ARE	D	-0.02%
	APD	A	-0.02%
	DOW	F	-0.02%
	TRMB	B	-0.02%
	WMS	D	-0.02%
	MTSI	B	-0.02%
	CAH	B	-0.02%
	GMED	A	-0.02%
	AWI	A	-0.02%
	ROL	B	-0.02%
	FE	C	-0.02%
	ED	D	-0.02%
	WEC	A	-0.02%
	ELS	C	-0.01%
	PLUS	F	-0.01%
	LSTR	D	-0.01%
	FORM	D	-0.01%
	ALRM	C	-0.01%
	ASTH	D	-0.01%
	UCTT	D	-0.01%
	SLB	C	-0.01%
	QLYS	C	-0.01%
	CRVL	A	-0.01%
	GPC	D	-0.01%
	KRG	B	-0.01%
	CARG	C	-0.01%
	NEU	C	-0.01%
	VCEL	B	-0.01%
	STC	B	-0.01%
	ADUS	D	-0.01%
	BDX	F	-0.01%
	TBBK	B	-0.01%
	CPK	A	-0.01%
	PATK	D	-0.01%
	CE	F	-0.01%
	SPSC	C	-0.01%
	BOX	B	-0.01%
	LECO	B	-0.01%
	CPRX	C	-0.01%
	NMIH	D	-0.01%
	EOG	A	-0.01%
	CVCO	A	-0.01%
	ROIV	C	-0.01%
	SWKS	F	-0.01%
	HSY	F	-0.01%
	APPF	B	-0.01%
	GRBK	D	-0.01%
	NSA	D	-0.01%
	CVS	D	-0.01%
	PLMR	B	-0.01%
	OLLI	D	-0.01%
	FDS	B	-0.01%
	RUN	F	-0.01%
	CRL	C	-0.01%
	LMAT	A	-0.01%
	ELF	C	-0.01%
	EXEL	B	-0.01%
	NDSN	B	-0.01%
	DOCN	D	-0.01%
	MKTX	D	-0.01%
	YOU	D	-0.01%
	CPB	D	-0.01%
	CF	B	-0.01%
	PJT	A	-0.01%
	CNC	D	-0.01%
	PTGX	C	-0.01%
	CHDN	B	-0.01%
	SLVM	B	-0.01%
	CNP	B	-0.01%
	SNA	A	-0.01%
	JKHY	D	-0.01%
	TREX	C	-0.01%
	NOVT	D	-0.01%
	BA	F	-0.01%
	CTRE	D	-0.01%
	ENV	B	-0.01%
	PPG	F	-0.01%
	INTC	D	-0.01%
	LYB	F	-0.01%
	WPC	D	-0.01%
	INCY	C	-0.01%
	DT	C	-0.01%
	TXT	D	-0.01%
	BCPC	B	-0.01%
	BOOT	D	-0.01%
	DRI	B	-0.01%
	AOS	F	-0.01%
	TMDX	F	-0.01%
	LH	C	-0.01%
	LNW	D	-0.01%
	NKE	D	-0.01%
	HWKN	B	-0.01%
	VRRM	D	-0.01%
	CAG	D	-0.01%
	EW	C	-0.01%
	ROK	B	-0.01%
	IIPR	D	-0.01%
	CDW	F	-0.01%
	SITM	B	-0.01%
	UPS	C	-0.01%
	IDCC	B	-0.01%
	GGG	B	-0.01%
	CALM	A	-0.01%
	POOL	C	-0.01%
	POWL	C	-0.01%
	MORN	B	-0.01%
	AMH	D	-0.01%
	DORM	B	-0.01%
	BKR	B	-0.01%
	HST	C	-0.01%
	RH	B	-0.01%
	INSP	D	-0.01%
	EXLS	B	-0.01%
	SBAC	D	-0.01%
	COP	C	-0.01%
	ODFL	B	-0.01%
	VLO	C	-0.01%
	FOX	A	-0.01%
	MC	B	-0.01%
	SAIA	B	-0.01%
	EXPD	D	-0.01%
	SMTC	B	-0.01%
	FTDR	A	-0.01%
	EXC	C	-0.01%
	BAX	D	-0.01%
	EXPO	D	-0.01%
	MMSI	B	-0.01%
	TTWO	A	-0.01%
	RBA	A	-0.01%
	IRT	A	-0.01%
	ITRI	B	-0.01%
	MPC	D	-0.01%
	CORT	B	-0.01%
	ALTR	B	-0.01%
	TGTX	B	-0.01%
	KRYS	B	-0.01%
	PI	D	-0.01%
	HOLX	D	-0.01%
	FLGT	F	-0.0%
	RGNX	F	-0.0%
	RES	D	-0.0%
	PAHC	C	-0.0%
	SLP	D	-0.0%
	HZO	D	-0.0%
	AOSL	C	-0.0%
	VTLE	C	-0.0%
	TR	B	-0.0%
	GDOT	D	-0.0%
	SPTN	D	-0.0%
	SEDG	F	-0.0%
	VIR	D	-0.0%
	HFWA	B	-0.0%
	RCUS	F	-0.0%
	AHCO	F	-0.0%
	BSIG	A	-0.0%
	XPEL	C	-0.0%
	WOLF	F	-0.0%
	HRMY	D	-0.0%
	PARR	D	-0.0%
	SBSI	B	-0.0%
	AORT	B	-0.0%
	TWI	F	-0.0%
	DEA	D	-0.0%
	TALO	C	-0.0%
	LNN	B	-0.0%
	QNST	B	-0.0%
	PGNY	F	-0.0%
	DGII	B	-0.0%
	MYE	F	-0.0%
	FOXF	F	-0.0%
	STAA	F	-0.0%
	ALGM	D	-0.0%
	PEB	D	-0.0%
	HLIT	D	-0.0%
	GOGO	C	-0.0%
	MP	B	-0.0%
	AMPH	D	-0.0%
	WGO	C	-0.0%
	RCM	F	-0.0%
	FBNC	A	-0.0%
	DVAX	C	-0.0%
	CEVA	B	-0.0%
	BLFS	C	-0.0%
	SABR	C	-0.0%
	ADNT	F	-0.0%
	ROG	D	-0.0%
	LGIH	D	-0.0%
	CNMD	C	-0.0%
	NEO	C	-0.0%
	NBR	C	-0.0%
	EXTR	B	-0.0%
	GDEN	B	-0.0%
	ARWR	F	-0.0%
	SBCF	A	-0.0%
	YELP	C	-0.0%
	VTOL	B	-0.0%
	DV	C	-0.0%
	LBRT	D	-0.0%
	SLAB	D	-0.0%
	ETD	C	-0.0%
	VICR	B	-0.0%
	POWI	D	-0.0%
	ALGT	B	-0.0%
	PLAY	D	-0.0%
	ORA	B	-0.0%
	HAFC	A	-0.0%
	XNCR	B	-0.0%
	IRWD	F	-0.0%
	CELH	F	-0.0%
	RC	D	-0.0%
	SJW	D	-0.0%
	JOE	F	-0.0%
	SXC	A	-0.0%
	ALG	B	-0.0%
	FIZZ	C	-0.0%
	CNSL	C	-0.0%
	DCOM	A	-0.0%
	WFRD	D	-0.0%
	DAR	C	-0.0%
	AMSF	B	-0.0%
	USPH	B	-0.0%
	CGNX	C	-0.0%
	LSCC	D	-0.0%
	NVEE	F	-0.0%
	MTDR	B	-0.0%
	SDGR	C	-0.0%
	GXO	B	-0.0%
	HCI	C	-0.0%
	KLIC	B	-0.0%
	PCTY	B	-0.0%
	AHH	D	-0.0%
	JBSS	D	-0.0%
	MCRI	A	-0.0%
	NARI	C	-0.0%
	GTLS	B	-0.0%
	TDW	F	-0.0%
	CWT	D	-0.0%
	RGEN	D	-0.0%
	UTL	B	-0.0%
	LKFN	B	-0.0%
	HGV	B	-0.0%
	AMR	C	-0.0%
	ACLS	F	-0.0%
	GSHD	A	-0.0%
	BL	B	-0.0%
	JJSF	B	-0.0%
	TRIP	F	-0.0%
	IPAR	B	-0.0%
	MGPI	F	-0.0%
	KLG	C	-0.0%
	PAYC	B	-0.0%
	LQDT	B	-0.0%
	PLAB	C	-0.0%
	CTS	C	-0.0%
	PEN	B	-0.0%
	OPCH	D	-0.0%
	JBT	B	-0.0%
	CERT	F	-0.0%
	COHU	C	-0.0%
	DAY	B	-0.0%
	HRL	D	-0.0%
	ASIX	A	-0.0%
	MSEX	B	-0.0%
	UFCS	B	-0.0%
	COLL	F	-0.0%
	AEIS	B	-0.0%
	CZR	F	-0.0%
	PDFS	C	-0.0%
	EFC	C	-0.0%
	BMRN	D	-0.0%
	GPRE	F	-0.0%
	DLTR	F	-0.0%
	IIIN	C	-0.0%
	EXPI	C	-0.0%
	MTN	C	-0.0%
	CALX	D	-0.0%
	FIVE	F	-0.0%
	AKAM	D	-0.0%
	SHC	F	-0.0%
	MRNA	F	-0.0%
	BANC	A	-0.0%
	SAM	C	-0.0%
	DG	F	-0.0%
	JBHT	C	-0.0%
	SHEN	F	-0.0%
	MTCH	D	-0.0%
	SMP	B	-0.0%
	YETI	C	-0.0%
	UHT	D	-0.0%
	VRSN	F	-0.0%
	MRO	B	-0.0%
	CEIX	A	-0.0%
	ALKS	B	-0.0%
	CHH	A	-0.0%
	TRST	B	-0.0%
	ATEN	B	-0.0%
	WDFC	B	-0.0%
	MRTN	C	-0.0%
	NEOG	F	-0.0%
	LFUS	F	-0.0%
	ICHR	C	-0.0%
	VVI	C	-0.0%
	DIOD	D	-0.0%
	CTRA	B	-0.0%
	VAL	D	-0.0%
	TRUP	B	-0.0%
	TTGT	C	-0.0%
	MTUS	C	-0.0%
	APTV	D	-0.0%
	GNTX	C	-0.0%
	SMPL	B	-0.0%
	FCPT	C	-0.0%
	LVS	C	-0.0%
	BIIB	F	-0.0%
	ALV	C	-0.0%
	WST	C	-0.0%
	LIVN	F	-0.0%
	LANC	C	-0.0%
	THRM	D	-0.0%
	EL	F	-0.0%
	CHE	D	-0.0%
	DBX	B	-0.0%
	ETSY	D	-0.0%
	PAYO	A	-0.0%
	EQT	B	-0.0%
	DVN	F	-0.0%
	REX	D	-0.0%
	IRDM	D	-0.0%
	MGY	A	-0.0%
	MRCY	B	-0.0%
	HAL	C	-0.0%
	CCOI	B	-0.0%
	WBD	C	-0.0%
	HAE	C	-0.0%
	REXR	F	-0.0%
	RAMP	C	-0.0%
	PRDO	B	-0.0%
	MSGS	A	-0.0%
	CNXN	C	-0.0%
	BRKR	D	-0.0%
	DXCM	D	-0.0%
	CUBI	B	-0.0%
	OII	B	-0.0%
	HSII	B	-0.0%
	DLB	B	-0.0%
	CSGP	D	-0.0%
	GPN	B	-0.0%
	AGYS	A	-0.0%
	LOPE	B	-0.0%
	HUM	C	-0.0%
	ZBH	C	-0.0%
	ARLO	C	-0.0%
	HXL	D	-0.0%
	RMBS	C	-0.0%
	TNDM	F	-0.0%
	ADM	D	-0.0%
	CHTR	C	-0.0%
	ROCK	C	-0.0%
	LULU	C	-0.0%
	CHX	C	-0.0%
	VBTX	B	-0.0%
	SCVL	F	-0.0%
	OXY	D	-0.0%
	CPF	A	-0.0%
	SNEX	B	-0.0%
	TTC	D	-0.0%
	WYNN	D	-0.0%
	NUE	C	-0.0%
	NBIX	C	-0.0%
	NOV	C	-0.0%
	FELE	B	-0.0%
	PFBC	B	-0.0%
	MNST	C	-0.0%
	CCS	D	-0.0%
	NOG	A	-0.0%
	HES	B	-0.0%
	CIVI	D	-0.0%
	HQY	B	-0.0%
	LW	C	-0.0%
	MMS	F	-0.0%
	LPG	F	-0.0%
	CASH	A	-0.0%
	FBK	B	-0.0%
	WH	B	-0.0%
	EEFT	B	-0.0%
	EPAC	B	-0.0%
	ANIP	F	-0.0%
	TNC	D	-0.0%
	HLX	B	-0.0%
	TFIN	A	-0.0%
	CHEF	A	-0.0%
	MOH	F	-0.0%
	MYRG	B	-0.0%
	EG	C	-0.0%
	CENX	B	-0.0%
	CNS	B	-0.0%
	ENVA	B	-0.0%
	DFIN	D	-0.0%
	ULTA	F	-0.0%
	WEX	D	-0.0%
	UFPT	B	-0.0%
	VECO	F	-0.0%
	WHD	B	-0.0%
	NWS	A	-0.0%

VBR: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials REIT - Diversified Asset Management REIT - Retail Specialty Chemicals Information Technology Services Apparel Manufacturing REIT - Office Software - Application Biotechnology Specialty Retail Building Materials Oil & Gas E&P Packaging & Containers Packaged Foods Rental & Leasing Services Auto & Truck Dealerships Business Services Engineering & Construction

Keywords: Bank Banking Real Estate Investment Trust S&P 500 Deposit Products Chemical Insurance Mining Natural Gas Real Estate Loans Aerospace Commercial Banking Transport Clothing Telecommunications Construction Electronics Commercial Bank Computing Mortgage Loan

MMTM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Biotechnology Business Services Semiconductors Asset Management Oil & Gas E&P Specialty Chemicals Packaged Foods REIT - Diversified Specialty Retail Diagnostics & Research Utilities - Regulated Electric Insurance - Property & Casualty Medical Devices Building Materials Capital Markets Medical Instruments & Supplies Restaurants

Keywords: S&P 500 Bank Nasdaq 100 Banking Natural Gas Real Estate Investment Trust Insurance Computing Chemical Medicine Aerospace Electronics Mining Semiconductor Deposit Products Electricity Telecommunications Transport Commercial Banking Clothing