VBR vs. ONEO ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to SPDR Russell 1000 Momentum Focus ETF (ONEO)

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

$211.24

Average Daily Volume

422,454

Number of Holdings ^*

797

* may have additional holdings in another (foreign) market

ONEO

SPDR Russell 1000 Momentum Focus ETF

ONEO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.98

Average Daily Volume

451

Number of Holdings ^*

888

* may have additional holdings in another (foreign) market

Performance

Period	VBR	ONEO
30 Days	5.18%	3.97%
60 Days	8.51%	8.60%
90 Days	12.95%	12.22%
12 Months	38.40%	35.02%

286 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in ONEO	Overlap
AA	C	0.29%	0.01%	0.01%
AAL	B	0.21%	0.04%	0.04%
AAP	D	0.07%	0.05%	0.05%
ACHC	F	0.16%	0.01%	0.01%
ACI	C	0.17%	0.07%	0.07%
ACM	B	0.4%	0.09%	0.09%
ADC	B	0.22%	0.01%	0.01%
ADTN	B	0.08%	0.01%	0.01%
AES	F	0.41%	0.07%	0.07%
AFG	B	0.29%	0.11%	0.11%
AGCO	F	0.18%	0.04%	0.04%
AGO	B	0.11%	0.16%	0.11%
AIZ	A	0.3%	0.09%	0.09%
AL	B	0.13%	0.07%	0.07%
ALB	C	0.16%	0.02%	0.02%
ALK	A	0.16%	0.09%	0.09%
ALLE	D	0.37%	0.08%	0.08%
ALLY	C	0.28%	0.04%	0.04%
ALSN	B	0.24%	0.36%	0.24%
AM	B	0.15%	0.07%	0.07%
AMED	F	0.09%	0.02%	0.02%
AMG	C	0.15%	0.24%	0.15%
AMKR	F	0.1%	0.11%	0.1%
AN	D	0.17%	0.03%	0.03%
APA	F	0.26%	0.03%	0.03%
APG	B	0.24%	0.07%	0.07%
AR	B	0.12%	0.03%	0.03%
ARMK	C	0.29%	0.23%	0.23%
ARW	F	0.2%	0.03%	0.03%
ASH	F	0.12%	0.02%	0.02%
ATO	A	0.58%	0.17%	0.17%
ATR	A	0.31%	0.11%	0.11%
AXS	B	0.17%	0.06%	0.06%
AXTA	B	0.23%	0.04%	0.04%
AYI	A	0.24%	0.28%	0.24%
AZTA	D	0.06%	0.01%	0.01%
BAH	C	0.61%	0.14%	0.14%
BBWI	C	0.2%	0.12%	0.12%
BC	D	0.16%	0.04%	0.04%
BEN	C	0.09%	0.02%	0.02%
BERY	C	0.21%	0.04%	0.04%
BG	D	0.39%	0.13%	0.13%
BJ	B	0.32%	0.42%	0.32%
BLDR	D	0.65%	0.44%	0.44%
BOKF	B	0.07%	0.0%	0.0%
BPOP	C	0.21%	0.04%	0.04%
BRX	B	0.24%	0.04%	0.04%
BWA	B	0.24%	0.12%	0.12%
BXP	D	0.33%	0.03%	0.03%
BYD	A	0.06%	0.07%	0.06%
CACI	B	0.32%	0.25%	0.25%
CBSH	A	0.2%	0.03%	0.03%
CC	D	0.09%	0.04%	0.04%
CCK	B	0.33%	0.07%	0.07%
CFR	B	0.19%	0.01%	0.01%
CHRD	F	0.23%	0.24%	0.23%
CHRW	B	0.35%	0.02%	0.02%
CLF	D	0.17%	0.09%	0.09%
CMA	B	0.23%	0.07%	0.07%
COLB	B	0.16%	0.03%	0.03%
COLM	B	0.04%	0.08%	0.04%
COTY	F	0.09%	0.0%	0.0%
CPT	D	0.38%	0.03%	0.03%
CR	B	0.22%	0.11%	0.11%
CRI	F	0.06%	0.05%	0.05%
CRUS	F	0.19%	0.2%	0.19%
CSL	C	0.6%	0.19%	0.19%
CUZ	C	0.13%	0.01%	0.01%
CWEN	D	0.07%	0.01%	0.01%
CWEN	D	0.03%	0.01%	0.01%
CXT	D	0.08%	0.03%	0.03%
DCI	A	0.26%	0.12%	0.12%
DDS	C	0.05%	0.05%	0.05%
DINO	D	0.21%	0.12%	0.12%
DKS	D	0.24%	0.42%	0.24%
DNB	B	0.11%	0.01%	0.01%
DOC	C	0.23%	0.02%	0.02%
DTM	A	0.22%	0.11%	0.11%
DVA	C	0.2%	0.2%	0.2%
DXC	B	0.11%	0.14%	0.11%
EGP	D	0.26%	0.02%	0.02%
EHC	B	0.28%	0.14%	0.14%
EME	B	0.58%	0.42%	0.42%
EMN	D	0.38%	0.16%	0.16%
ENOV	C	0.07%	0.01%	0.01%
EPAM	C	0.31%	0.23%	0.23%
EPR	D	0.11%	0.01%	0.01%
EQH	B	0.39%	0.05%	0.05%
ESAB	B	0.18%	0.1%	0.1%
ESI	B	0.17%	0.05%	0.05%
EVR	B	0.27%	0.24%	0.24%
EVRG	A	0.19%	0.07%	0.07%
EWBC	A	0.33%	0.13%	0.13%
FAF	D	0.19%	0.02%	0.02%
FBIN	F	0.32%	0.07%	0.07%
FCN	D	0.24%	0.04%	0.04%
FCNCA	B	0.57%	0.43%	0.43%
FFIV	B	0.37%	0.36%	0.36%
FHB	B	0.09%	0.01%	0.01%
FHN	B	0.24%	0.06%	0.06%
FLO	F	0.13%	0.05%	0.05%
FLS	B	0.2%	0.12%	0.12%
FMC	F	0.24%	0.01%	0.01%
FNB	A	0.15%	0.03%	0.03%
FR	D	0.21%	0.02%	0.02%
FRT	C	0.28%	0.02%	0.02%
FTRE	D	0.05%	0.03%	0.03%
FYBR	D	0.25%	0.21%	0.21%
G	B	0.2%	0.03%	0.03%
GAP	C	0.15%	0.16%	0.15%
GL	B	0.27%	0.17%	0.17%
GLPI	D	0.39%	0.06%	0.06%
GO	D	0.04%	0.04%	0.04%
GPK	D	0.26%	0.06%	0.06%
GTES	B	0.12%	0.09%	0.09%
HAS	D	0.28%	0.01%	0.01%
HAYW	C	0.07%	0.01%	0.01%
HII	D	0.3%	0.14%	0.14%
HIW	D	0.1%	0.03%	0.03%
HOG	F	0.13%	0.09%	0.09%
HRB	D	0.26%	0.31%	0.26%
HSIC	F	0.27%	0.01%	0.01%
HUBB	B	0.33%	0.09%	0.09%
HUN	F	0.11%	0.01%	0.01%
IAC	F	0.11%	0.01%	0.01%
IDA	A	0.16%	0.02%	0.02%
IEX	B	0.47%	0.06%	0.06%
INFA	D	0.06%	0.01%	0.01%
INGR	B	0.26%	0.24%	0.24%
IPG	F	0.34%	0.05%	0.05%
IPGP	C	0.06%	0.03%	0.03%
ITT	A	0.35%	0.24%	0.24%
IVZ	C	0.22%	0.01%	0.01%
JAZZ	B	0.19%	0.04%	0.04%
JBL	B	0.37%	0.57%	0.37%
JEF	B	0.26%	0.01%	0.01%
JHG	B	0.14%	0.14%	0.14%
JLL	C	0.37%	0.1%	0.1%
JNPR	C	0.37%	0.05%	0.05%
JWN	B	0.08%	0.07%	0.07%
KBR	B	0.25%	0.04%	0.04%
KD	B	0.15%	0.06%	0.06%
KEX	A	0.2%	0.13%	0.13%
KIM	B	0.45%	0.04%	0.04%
KMX	C	0.35%	0.04%	0.04%
KNX	B	0.24%	0.01%	0.01%
KRC	C	0.13%	0.02%	0.02%
KSS	F	0.06%	0.03%	0.03%
LAD	B	0.24%	0.01%	0.01%
LAMR	D	0.17%	0.16%	0.16%
LDOS	A	0.32%	0.52%	0.32%
LEA	F	0.18%	0.07%	0.07%
LKQ	D	0.3%	0.05%	0.05%
LPX	A	0.2%	0.03%	0.03%
M	D	0.12%	0.12%	0.12%
MAN	F	0.1%	0.03%	0.03%
MAT	C	0.19%	0.09%	0.09%
MDU	F	0.15%	0.05%	0.05%
MGM	F	0.13%	0.08%	0.08%
MHK	D	0.25%	0.11%	0.11%
MIDD	C	0.22%	0.02%	0.02%
MKSI	D	0.21%	0.0%	0.0%
MOS	D	0.25%	0.04%	0.04%
MSA	D	0.19%	0.02%	0.02%
MSM	B	0.11%	0.05%	0.05%
MTG	D	0.19%	0.24%	0.19%
MTZ	B	0.11%	0.16%	0.11%
MUSA	B	0.26%	0.18%	0.18%
NCLH	A	0.13%	0.15%	0.13%
NFG	C	0.16%	0.11%	0.11%
NI	A	0.22%	0.11%	0.11%
NNN	F	0.26%	0.04%	0.04%
NRG	B	0.54%	0.26%	0.26%
NVT	B	0.34%	0.08%	0.08%
NWL	B	0.09%	0.04%	0.04%
NXST	C	0.15%	0.14%	0.14%
NYT	C	0.25%	0.14%	0.14%
OC	B	0.44%	0.43%	0.43%
OGE	B	0.24%	0.08%	0.08%
OGN	F	0.14%	0.04%	0.04%
OHI	B	0.3%	0.03%	0.03%
OLN	D	0.16%	0.08%	0.08%
OMF	B	0.16%	0.1%	0.1%
ORI	A	0.24%	0.1%	0.1%
OSK	B	0.19%	0.19%	0.19%
OVV	C	0.29%	0.05%	0.05%
OZK	B	0.13%	0.07%	0.07%
PAG	C	0.09%	0.02%	0.02%
PB	A	0.19%	0.02%	0.02%
PFGC	B	0.35%	0.45%	0.35%
PII	F	0.13%	0.01%	0.01%
PINC	B	0.06%	0.01%	0.01%
PK	B	0.08%	0.02%	0.02%
PNFP	B	0.1%	0.06%	0.06%
PNR	B	0.47%	0.15%	0.15%
PNW	B	0.29%	0.06%	0.06%
POST	D	0.08%	0.07%	0.07%
PPC	B	0.05%	0.04%	0.04%
PR	B	0.12%	0.04%	0.04%
PRGO	C	0.1%	0.03%	0.03%
PRI	A	0.26%	0.11%	0.11%
PSN	A	0.14%	0.18%	0.14%
PVH	C	0.16%	0.21%	0.16%
QRVO	F	0.28%	0.1%	0.1%
R	B	0.17%	0.18%	0.17%
REG	B	0.38%	0.02%	0.02%
REYN	D	0.05%	0.02%	0.02%
RGA	A	0.41%	0.1%	0.1%
RHI	B	0.19%	0.08%	0.08%
RL	B	0.21%	0.29%	0.21%
RLI	A	0.19%	0.07%	0.07%
RNG	C	0.07%	0.03%	0.03%
RNR	D	0.41%	0.39%	0.39%
RPM	B	0.45%	0.12%	0.12%
RRC	B	0.2%	0.03%	0.03%
RRX	C	0.32%	0.02%	0.02%
RS	B	0.46%	0.23%	0.23%
RYN	F	0.14%	0.02%	0.02%
SAIC	B	0.21%	0.22%	0.21%
SCI	B	0.31%	0.06%	0.06%
SEB	F	0.02%	0.01%	0.01%
SEE	C	0.12%	0.01%	0.01%
SEIC	A	0.23%	0.12%	0.12%
SF	A	0.26%	0.06%	0.06%
SJM	F	0.35%	0.02%	0.02%
SLGN	A	0.12%	0.03%	0.03%
SLM	B	0.14%	0.03%	0.03%
SMG	C	0.11%	0.05%	0.05%
SNDR	A	0.03%	0.01%	0.01%
SNV	B	0.18%	0.06%	0.06%
SNX	C	0.22%	0.2%	0.2%
SOLV	C	0.28%	0.39%	0.28%
SON	F	0.15%	0.03%	0.03%
SPB	A	0.07%	0.05%	0.05%
SRCL	B	0.01%	0.02%	0.01%
SRCL	B	0.16%	0.02%	0.02%
ST	F	0.16%	0.01%	0.01%
STAG	F	0.21%	0.02%	0.02%
STLD	B	0.27%	0.44%	0.27%
STWD	D	0.19%	0.01%	0.01%
TAP	B	0.29%	0.07%	0.07%
TDC	D	0.08%	0.12%	0.08%
TFX	F	0.34%	0.01%	0.01%
THC	B	0.46%	0.37%	0.37%
THG	A	0.14%	0.02%	0.02%
THO	B	0.16%	0.11%	0.11%
TKR	F	0.15%	0.05%	0.05%
TNL	A	0.09%	0.05%	0.05%
TOL	B	0.46%	0.55%	0.46%
TPG	B	0.14%	0.04%	0.04%
TPR	B	0.31%	0.3%	0.3%
TTEK	C	0.36%	0.07%	0.07%
UA	B	0.03%	0.04%	0.03%
UAA	B	0.05%	0.02%	0.02%
UGI	D	0.15%	0.01%	0.01%
UHAL	C	0.2%	0.0%	0.0%
UHAL	C	0.02%	0.0%	0.0%
UHAL	C	0.02%	0.07%	0.02%
UHAL	C	0.2%	0.07%	0.07%
UHS	D	0.37%	0.24%	0.24%
UNM	A	0.25%	0.13%	0.13%
USFD	A	0.43%	0.3%	0.3%
UTHR	B	0.46%	0.3%	0.3%
VAC	B	0.07%	0.0%	0.0%
VFC	C	0.22%	0.02%	0.02%
VIRT	B	0.07%	0.03%	0.03%
VMI	B	0.17%	0.02%	0.02%
VNO	C	0.21%	0.02%	0.02%
VNT	B	0.15%	0.06%	0.06%
VOYA	A	0.22%	0.02%	0.02%
VSTS	D	0.06%	0.07%	0.06%
VVV	B	0.16%	0.14%	0.14%
WAL	B	0.26%	0.04%	0.04%
WBS	B	0.23%	0.06%	0.06%
WCC	B	0.24%	0.2%	0.2%
WEN	C	0.09%	0.01%	0.01%
WHR	B	0.17%	0.01%	0.01%
WLK	F	0.08%	0.05%	0.05%
WSM	F	0.45%	0.47%	0.45%
WTFC	A	0.21%	0.06%	0.06%
WTM	A	0.12%	0.01%	0.01%
WTRG	B	0.27%	0.03%	0.03%
WU	F	0.12%	0.13%	0.12%
X	B	0.21%	0.1%	0.1%
XPO	B	0.17%	0.04%	0.04%
ZION	B	0.2%	0.06%	0.06%

VBR Overweight 513 Positions Relative to ONEO

Symbol	Grade	Weight
SW	C	0.74%
SFM	B	0.32%
CG	B	0.29%
Z	B	0.28%
AIT	A	0.25%
GME	C	0.25%
FLR	C	0.24%
AGNC	D	0.24%
MLI	B	0.24%
SWN	C	0.23%
UFPI	B	0.22%
ANF	D	0.21%
LUMN	B	0.21%
ELAN	D	0.21%
SSB	B	0.21%
MTH	D	0.21%
COHR	B	0.2%
JXN	B	0.2%
TMHC	C	0.2%
NSIT	F	0.2%
BIO	C	0.19%
ESNT	D	0.19%
CBT	B	0.18%
CMC	B	0.18%
MOG.A	B	0.17%
CADE	B	0.17%
ONB	A	0.17%
KBH	D	0.16%
XRAY	F	0.16%
BCC	B	0.16%
AUR	C	0.16%
PARA	C	0.16%
COOP	B	0.16%
SIGI	B	0.16%
WTS	B	0.16%
KNF	C	0.15%
GBCI	B	0.15%
SIRI	C	0.15%
RDN	C	0.15%
BECN	B	0.15%
LNC	B	0.15%
GATX	B	0.14%
CPRI	F	0.14%
ABG	B	0.14%
RIVN	F	0.14%
PIPR	B	0.14%
BDC	B	0.14%
AVT	C	0.14%
MATX	B	0.14%
SUM	B	0.14%
MUR	F	0.14%
BCO	F	0.14%
HOMB	A	0.14%
GPI	B	0.14%
ZWS	B	0.14%
POR	D	0.14%
UBSI	B	0.14%
LYFT	B	0.13%
UMBF	B	0.13%
ITGR	B	0.13%
SBRA	B	0.13%
SIG	B	0.13%
NUVL	D	0.13%
HWC	B	0.13%
SWX	B	0.13%
FFIN	B	0.13%
SLG	C	0.13%
KTB	B	0.13%
AVNT	B	0.13%
ACA	B	0.13%
CNX	B	0.13%
NJR	B	0.13%
HASI	F	0.12%
TPH	D	0.12%
ABCB	B	0.12%
ENS	D	0.12%
ASO	F	0.12%
OGS	B	0.12%
ICUI	C	0.12%
CRC	B	0.12%
BKH	B	0.12%
FUL	F	0.12%
ESGR	C	0.11%
NHI	C	0.11%
SR	C	0.11%
ALE	A	0.11%
PLXS	B	0.11%
KMPR	A	0.11%
MDGL	B	0.11%
VLY	B	0.11%
KFY	B	0.11%
MAC	B	0.11%
EDR	C	0.11%
PNM	B	0.11%
AEO	F	0.11%
ASGN	B	0.11%
HL	D	0.11%
TCBI	A	0.1%
MGEE	A	0.1%
RUSHA	B	0.1%
ABM	B	0.1%
ESE	B	0.1%
HCC	C	0.1%
IBOC	B	0.1%
TEX	C	0.1%
AUB	B	0.1%
NVST	C	0.1%
AX	B	0.1%
SXT	B	0.1%
NPO	B	0.1%
CDP	C	0.1%
GVA	B	0.1%
UCB	B	0.1%
FBP	B	0.1%
NWE	C	0.1%
MPW	F	0.1%
CNO	B	0.1%
SANM	B	0.1%
PCH	F	0.1%
GMS	B	0.1%
BNL	D	0.1%
PBH	A	0.1%
SEM	B	0.1%
SKT	A	0.1%
WD	C	0.1%
GNW	A	0.09%
SATS	C	0.09%
PRIM	B	0.09%
ALIT	B	0.09%
NSP	F	0.09%
UNF	B	0.09%
PTEN	D	0.09%
WSFS	A	0.09%
APAM	B	0.09%
ATKR	C	0.09%
AVA	D	0.09%
CBU	B	0.09%
SYNA	D	0.09%
ASB	B	0.09%
COMP	B	0.09%
WBA	D	0.09%
GFF	C	0.09%
AWR	B	0.09%
CWK	B	0.09%
BTU	C	0.09%
EBC	B	0.09%
BRC	B	0.09%
APLE	B	0.09%
SKYW	B	0.09%
AROC	B	0.09%
EAT	A	0.09%
OTTR	C	0.09%
BGC	B	0.09%
FULT	B	0.09%
TGNA	B	0.08%
HUBG	B	0.08%
GHC	B	0.08%
URBN	C	0.08%
ATGE	B	0.08%
BKU	B	0.08%
DY	C	0.08%
BHF	B	0.08%
AIN	D	0.08%
ABR	B	0.08%
REZI	A	0.08%
LXP	D	0.08%
IOSP	B	0.08%
WAFD	B	0.08%
CNXC	F	0.08%
TRN	A	0.08%
PENN	B	0.08%
PRGS	A	0.08%
PBF	F	0.08%
PFSI	D	0.08%
DEI	C	0.08%
CATY	B	0.08%
FHI	A	0.08%
WERN	B	0.07%
ENR	B	0.07%
SM	C	0.07%
FFBC	B	0.07%
PFS	B	0.07%
PECO	B	0.07%
MTRN	B	0.07%
AZZ	B	0.07%
VSH	F	0.07%
BFH	B	0.07%
CVBF	B	0.07%
ARCH	B	0.07%
SMMT	D	0.07%
INDB	B	0.07%
HNI	B	0.07%
PPBI	B	0.07%
PRK	B	0.07%
FL	D	0.07%
DBRG	F	0.07%
HBI	B	0.07%
OSIS	C	0.07%
AKR	C	0.07%
CDE	D	0.07%
MTX	B	0.07%
BOH	B	0.07%
GT	C	0.07%
RNA	B	0.07%
ARCB	C	0.07%
IOVA	D	0.07%
FIBK	B	0.07%
SFNC	B	0.07%
MGRC	B	0.07%
OUT	C	0.07%
BXMT	C	0.07%
UE	B	0.07%
PHIN	B	0.06%
BANF	B	0.06%
RXO	C	0.06%
HURN	B	0.06%
GNL	D	0.06%
PRG	C	0.06%
HI	C	0.06%
NMRK	B	0.06%
THS	F	0.06%
RNST	B	0.06%
WLY	A	0.06%
VYX	B	0.06%
SFBS	B	0.06%
JOBY	C	0.06%
NBTB	B	0.06%
VGR	B	0.06%
VIAV	B	0.06%
OMCL	C	0.06%
VSCO	B	0.06%
KMT	B	0.06%
CGON	C	0.06%
LAUR	B	0.06%
EQC	B	0.06%
IBTX	B	0.06%
OI	D	0.06%
IVT	B	0.06%
BANR	B	0.06%
NATL	C	0.06%
FRME	A	0.06%
OFG	C	0.06%
TDS	B	0.06%
SHO	B	0.06%
STRA	C	0.06%
SXI	B	0.06%
TOWN	B	0.06%
EVTC	B	0.06%
ZD	B	0.06%
ZG	B	0.06%
BLKB	C	0.06%
AIR	C	0.06%
MHO	D	0.06%
MIR	C	0.06%
PSMT	D	0.06%
VRNT	D	0.05%
CABO	C	0.05%
UPBD	B	0.05%
HLIO	B	0.05%
HE	F	0.05%
LTC	A	0.05%
NBHC	B	0.05%
CENTA	C	0.05%
AMN	F	0.05%
CRGY	B	0.05%
ANDE	D	0.05%
SUPN	B	0.05%
STEP	B	0.05%
CHCO	B	0.05%
NHC	B	0.05%
SCL	C	0.05%
FCF	B	0.05%
NPAB	F	0.05%
WSBC	B	0.05%
SHOO	D	0.05%
NWBI	B	0.05%
GEO	B	0.05%
DRH	B	0.05%
MLKN	D	0.05%
PDCO	D	0.05%
TROX	F	0.05%
WKC	D	0.05%
LEG	F	0.05%
LGND	B	0.05%
MCY	B	0.05%
TRMK	B	0.05%
LRN	B	0.05%
PZZA	D	0.05%
TTMI	A	0.05%
GOLF	B	0.05%
EPC	F	0.05%
LZB	C	0.05%
KAR	A	0.05%
B	B	0.05%
CAKE	B	0.05%
IMVT	D	0.05%
ROIC	A	0.05%
PBI	B	0.04%
AIV	D	0.04%
INSW	F	0.04%
AAT	C	0.04%
PMT	F	0.04%
UVV	B	0.04%
WOR	D	0.04%
PDM	C	0.04%
WABC	B	0.04%
JELD	F	0.04%
ARI	D	0.04%
BKD	F	0.04%
OXM	D	0.04%
NNI	C	0.04%
UNIT	B	0.04%
NX	C	0.04%
VC	D	0.04%
LADR	B	0.04%
VCTR	B	0.04%
WWW	B	0.04%
CXW	B	0.04%
BKE	A	0.04%
SPNT	C	0.04%
HP	C	0.04%
VSAT	F	0.04%
CSGS	B	0.04%
WT	B	0.04%
DNOW	B	0.04%
DAN	F	0.04%
RRR	F	0.04%
REVG	B	0.04%
SBH	C	0.04%
ALEX	B	0.04%
VRE	C	0.04%
BLMN	F	0.04%
CAR	C	0.04%
VRTS	B	0.04%
HELE	C	0.04%
NGVT	B	0.04%
CODI	B	0.04%
HMN	B	0.04%
HOPE	B	0.04%
ESRT	D	0.04%
LCII	D	0.04%
HTH	B	0.04%
NTCT	B	0.04%
GBX	A	0.04%
HEES	B	0.04%
JBGS	F	0.04%
KN	B	0.04%
BHE	B	0.04%
STBA	C	0.04%
CNK	A	0.04%
DYN	D	0.04%
GEF	A	0.04%
APOG	B	0.04%
ELME	D	0.04%
GTY	B	0.04%
NWN	B	0.04%
USM	B	0.03%
MATV	F	0.03%
SMR	B	0.03%
CMTG	D	0.03%
JACK	D	0.03%
BDN	D	0.03%
BV	B	0.03%
LGF.A	C	0.03%
DNUT	D	0.03%
MMI	B	0.03%
ODP	F	0.03%
UNFI	B	0.03%
JBLU	D	0.03%
TRS	B	0.03%
MD	B	0.03%
CBRL	D	0.03%
THR	D	0.03%
FA	D	0.03%
ATSG	A	0.03%
RWT	D	0.03%
INVA	B	0.03%
VSTO	A	0.03%
LEVI	F	0.03%
MRC	B	0.03%
HTLF	B	0.03%
SCSC	B	0.03%
CARS	B	0.03%
ECPG	B	0.03%
FBRT	C	0.03%
CNNE	B	0.03%
CSR	C	0.03%
ETWO	D	0.03%
AVNS	D	0.03%
KALU	B	0.03%
WMK	B	0.03%
WS	B	0.03%
KFRC	C	0.03%
ACT	D	0.03%
KWR	C	0.03%
FDP	B	0.03%
SCS	C	0.03%
XRX	F	0.03%
OMI	F	0.03%
DK	D	0.03%
SAFT	B	0.03%
BHLB	B	0.03%
AMRX	B	0.03%
GIII	C	0.03%
MYGN	F	0.03%
EIG	B	0.03%
NAVI	C	0.03%
MSGE	F	0.03%
IART	C	0.03%
LC	A	0.03%
TILE	B	0.02%
HTLD	C	0.02%
ATUS	C	0.02%
MXL	C	0.02%
CAL	D	0.02%
FOR	F	0.02%
GES	F	0.02%
BMBL	C	0.02%
BASE	C	0.02%
SCHL	D	0.02%
CMPR	D	0.02%
HY	F	0.02%
KELYA	F	0.02%
CFFN	B	0.02%
PCRX	D	0.02%
SWI	B	0.02%
TMP	B	0.02%
BGS	F	0.02%
MATW	C	0.02%
HPP	F	0.02%
PUMP	D	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
KOP	D	0.02%
ECVT	C	0.02%
AMWD	B	0.02%
KREF	D	0.02%
ASTE	B	0.02%
BRSP	B	0.02%
PRLB	B	0.02%
XHR	B	0.02%
SVC	F	0.02%
MODG	F	0.02%
PRA	B	0.02%
SAH	B	0.02%
HAIN	F	0.02%
WNC	C	0.02%
CVI	F	0.02%
EMBC	B	0.02%
HCSG	B	0.02%
MNRO	B	0.02%
PRAA	C	0.02%
FG	B	0.02%
BRKL	A	0.02%
EYE	D	0.02%
DLX	B	0.02%
RBRK	B	0.02%
NUS	D	0.01%
LDI	C	0.01%
BRCC	F	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DJT	D	0.01%
DIN	C	0.01%
OLPX	F	0.01%
VREX	C	0.01%
CENT	C	0.01%
TGI	B	0.01%
ALX	D	0.01%
CMP	D	0.01%
AMBC	C	0.01%
TRTX	C	0.01%
SWBI	C	0.01%
KRO	D	0.01%
ZIP	C	0.01%
NAPA	B	0.01%
CNDT	B	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
EGBN	B	0.01%
RUSHB	B	0.01%
WRLD	C	0.01%
HTZ	D	0.01%
INN	D	0.01%
VMEO	B	0.01%
BJRI	B	0.01%
EE	B	0.01%
RMR	F	0.01%
GRC	B	0.01%
PTVE	D	0.01%
NVRI	F	0.01%
FWRD	D	0.01%
NABL	F	0.01%
USNA	C	0.01%
CLB	B	0.01%
SSTK	D	0.01%
CLBK	B	0.01%
CCO	C	0.01%
ARRY	D	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CWH	C	0.01%
BFS	B	0.01%
DAWN	B	0.01%
PWSC	C	0.0%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
TASK	C	0.0%
ACDC	C	0.0%
LESL	D	0.0%
GEF	A	0.0%

VBR Underweight 606 Positions Relative to ONEO

Symbol	Grade	Weight
PHM	D	-0.83%
EXPE	B	-0.76%
VST	B	-0.73%
LEN	D	-0.7%
MCK	B	-0.65%
DHI	D	-0.63%
ACGL	D	-0.62%
GDDY	A	-0.62%
CAH	B	-0.61%
APP	A	-0.58%
DAL	A	-0.55%
CASY	A	-0.54%
FANG	D	-0.52%
FTNT	A	-0.5%
SYF	B	-0.49%
DASH	A	-0.44%
NTAP	C	-0.42%
URI	B	-0.42%
CNC	F	-0.41%
CTSH	A	-0.39%
NUE	C	-0.39%
NVR	D	-0.39%
CMI	B	-0.38%
COR	A	-0.37%
PAYC	B	-0.37%
KR	A	-0.36%
CINF	A	-0.35%
CBOE	D	-0.34%
RCL	A	-0.33%
GM	B	-0.32%
CPNG	C	-0.32%
LPLA	A	-0.32%
PCAR	B	-0.32%
HIG	C	-0.31%
EOG	B	-0.31%
KLAC	F	-0.31%
SWKS	F	-0.31%
ADM	F	-0.31%
LRCX	F	-0.31%
MO	A	-0.31%
COF	B	-0.3%
HUM	F	-0.29%
CE	F	-0.29%
SPG	B	-0.29%
KNSL	C	-0.29%
EG	D	-0.29%
TXRH	B	-0.28%
IT	A	-0.28%
MOH	F	-0.28%
MANH	C	-0.27%
SKX	F	-0.27%
MPC	D	-0.27%
MRO	B	-0.27%
GRMN	A	-0.27%
ETR	B	-0.27%
CNM	D	-0.27%
FIX	B	-0.27%
CI	D	-0.26%
VLO	D	-0.26%
DELL	C	-0.26%
EXP	B	-0.26%
EBAY	D	-0.26%
SNA	A	-0.26%
BKNG	A	-0.25%
MKL	A	-0.25%
TSCO	D	-0.25%
SYY	B	-0.24%
TSN	C	-0.24%
AMAT	F	-0.24%
VRT	B	-0.24%
PEG	D	-0.24%
DBX	B	-0.24%
MPWR	F	-0.23%
GWW	B	-0.23%
APH	B	-0.22%
BKR	B	-0.22%
GEN	A	-0.22%
MAS	D	-0.22%
HPE	B	-0.22%
BLD	F	-0.22%
IP	B	-0.22%
COKE	D	-0.21%
WMB	A	-0.21%
IBM	D	-0.21%
FDX	B	-0.21%
FICO	A	-0.21%
FTI	B	-0.21%
CBRE	B	-0.21%
CRWD	B	-0.21%
TPL	A	-0.21%
ROST	F	-0.21%
BBY	D	-0.2%
DECK	B	-0.2%
SNPS	B	-0.2%
NOW	A	-0.2%
SAIA	B	-0.2%
PKG	B	-0.2%
CPAY	A	-0.2%
AFL	C	-0.2%
HLT	A	-0.19%
WRB	B	-0.19%
GEV	B	-0.19%
MAR	A	-0.19%
ULTA	C	-0.19%
AZO	C	-0.19%
CB	D	-0.19%
MSI	B	-0.19%
PGR	B	-0.19%
TJX	B	-0.19%
SSD	D	-0.18%
OMC	B	-0.18%
CF	B	-0.18%
CAT	B	-0.18%
GEHC	D	-0.18%
LUV	B	-0.18%
DVN	F	-0.18%
HLI	B	-0.18%
FAST	B	-0.18%
PSTG	D	-0.18%
DFS	B	-0.18%
ANET	C	-0.18%
TXT	D	-0.18%
EXEL	B	-0.18%
INTU	A	-0.18%
T	C	-0.17%
LII	B	-0.17%
PYPL	B	-0.17%
WAB	B	-0.17%
HST	C	-0.17%
BR	A	-0.17%
PWR	B	-0.17%
A	F	-0.17%
ODFL	B	-0.17%
ADSK	B	-0.17%
PANW	A	-0.17%
TT	A	-0.17%
J	B	-0.17%
GNTX	C	-0.16%
CVS	F	-0.16%
TRV	B	-0.16%
HPQ	B	-0.16%
VTRS	B	-0.16%
CL	F	-0.16%
GD	A	-0.16%
CRM	B	-0.16%
CW	B	-0.16%
AOS	F	-0.16%
CLH	B	-0.16%
CTRA	C	-0.16%
BRBR	A	-0.16%
ELV	F	-0.16%
CDNS	B	-0.16%
MLM	B	-0.15%
TER	D	-0.15%
WSO	A	-0.15%
FDS	A	-0.15%
TOST	A	-0.15%
PAYX	B	-0.15%
QCOM	F	-0.15%
COP	C	-0.15%
ORLY	A	-0.15%
FND	F	-0.15%
KEYS	B	-0.15%
UAL	A	-0.15%
AKAM	F	-0.15%
TTD	A	-0.15%
NVDA	A	-0.15%
TGT	C	-0.14%
MCHP	F	-0.14%
OLLI	D	-0.14%
CHTR	B	-0.14%
HAL	D	-0.14%
HWM	B	-0.14%
DRI	B	-0.14%
PSX	D	-0.14%
WFRD	D	-0.14%
LH	B	-0.14%
CMG	B	-0.14%
CARR	D	-0.14%
ONTO	F	-0.14%
IR	A	-0.14%
CVNA	B	-0.14%
BRO	A	-0.14%
PINS	D	-0.14%
LYV	A	-0.14%
WDAY	B	-0.13%
AAON	B	-0.13%
MCO	C	-0.13%
BURL	C	-0.13%
VZ	D	-0.13%
FITB	A	-0.13%
EIX	D	-0.13%
MMC	C	-0.13%
MSFT	C	-0.13%
AEP	D	-0.13%
ADBE	C	-0.13%
ROK	B	-0.13%
SRE	A	-0.13%
LOPE	B	-0.13%
NEU	C	-0.13%
DUK	D	-0.12%
TEAM	B	-0.12%
PSA	D	-0.12%
ED	D	-0.12%
TROW	B	-0.12%
CDW	F	-0.12%
SMCI	F	-0.12%
META	B	-0.12%
CNP	B	-0.12%
DPZ	C	-0.12%
CTAS	A	-0.12%
WM	A	-0.12%
LSCC	C	-0.12%
LECO	B	-0.12%
MEDP	D	-0.12%
VMC	B	-0.12%
DLTR	F	-0.12%
ADI	D	-0.12%
PCG	A	-0.12%
SHW	B	-0.12%
PPL	A	-0.11%
DD	D	-0.11%
APO	B	-0.11%
MSCI	B	-0.11%
FCX	F	-0.11%
ABNB	C	-0.11%
GE	C	-0.11%
L	B	-0.11%
GPC	D	-0.11%
WBD	C	-0.11%
CHD	B	-0.11%
SLB	D	-0.11%
EA	A	-0.11%
DOX	A	-0.11%
HCA	D	-0.11%
KMB	F	-0.11%
AWI	A	-0.11%
LYB	F	-0.11%
DOV	A	-0.11%
FI	A	-0.11%
WMS	F	-0.11%
RSG	A	-0.11%
MTB	B	-0.11%
LNW	C	-0.11%
TW	B	-0.11%
OTIS	D	-0.1%
GILD	B	-0.1%
CMS	D	-0.1%
NWSA	B	-0.1%
KMI	A	-0.1%
AVY	F	-0.1%
LOW	B	-0.1%
FNF	C	-0.1%
BWXT	A	-0.1%
BK	B	-0.1%
DGX	A	-0.1%
RF	A	-0.1%
WST	C	-0.1%
XEL	A	-0.1%
POOL	D	-0.1%
TPX	C	-0.1%
MTDR	C	-0.1%
JCI	B	-0.1%
K	A	-0.1%
VRTX	B	-0.1%
CROX	F	-0.1%
REGN	F	-0.1%
D	D	-0.1%
ON	D	-0.09%
WING	D	-0.09%
COST	B	-0.09%
OLED	F	-0.09%
KEY	B	-0.09%
VRSK	A	-0.09%
EXPD	F	-0.09%
BX	B	-0.09%
VLTO	D	-0.09%
PM	C	-0.09%
HBAN	A	-0.09%
WWD	B	-0.09%
OXY	F	-0.09%
TYL	B	-0.09%
CPRT	B	-0.09%
IBKR	A	-0.09%
ROL	B	-0.09%
AZEK	B	-0.09%
TREX	C	-0.09%
FOXA	A	-0.09%
CFG	B	-0.09%
DDOG	C	-0.09%
SO	D	-0.09%
VICI	D	-0.09%
DOCU	A	-0.09%
AMP	A	-0.09%
DT	C	-0.09%
GNRC	B	-0.09%
NBIX	C	-0.09%
AXP	B	-0.09%
CMCSA	B	-0.09%
ETN	A	-0.08%
WEC	B	-0.08%
EEFT	C	-0.08%
FE	D	-0.08%
ADP	A	-0.08%
LULU	C	-0.08%
SPOT	A	-0.08%
DOW	F	-0.08%
CSCO	A	-0.08%
DE	D	-0.08%
PNC	A	-0.08%
F	C	-0.08%
CIEN	B	-0.08%
RGLD	C	-0.08%
EXC	D	-0.08%
GIS	F	-0.07%
ALGN	D	-0.07%
BALL	D	-0.07%
CSX	B	-0.07%
YETI	C	-0.07%
USB	B	-0.07%
AVTR	F	-0.07%
FTV	D	-0.07%
DTE	D	-0.07%
MRVL	B	-0.07%
WEX	D	-0.07%
KHC	F	-0.07%
AIG	C	-0.07%
APD	B	-0.07%
AMCR	D	-0.07%
PRU	B	-0.07%
GOOG	B	-0.07%
GOOGL	B	-0.07%
AON	A	-0.07%
ITW	B	-0.07%
DLB	C	-0.07%
ECL	D	-0.07%
LMT	D	-0.07%
AAPL	D	-0.07%
SSNC	C	-0.07%
WYNN	F	-0.07%
SITE	C	-0.06%
MDLZ	F	-0.06%
CCL	A	-0.06%
GWRE	A	-0.06%
GGG	B	-0.06%
HUBS	A	-0.06%
SBUX	B	-0.06%
CHE	D	-0.06%
TDY	A	-0.06%
AMGN	F	-0.06%
WTW	A	-0.06%
ROP	B	-0.06%
NU	B	-0.06%
GLOB	B	-0.06%
TXN	B	-0.06%
VEEV	B	-0.06%
DUOL	B	-0.06%
AVB	B	-0.06%
NOV	D	-0.06%
CPB	F	-0.06%
RBC	B	-0.06%
PLTR	B	-0.06%
ISRG	A	-0.06%
IDXX	D	-0.06%
MET	C	-0.06%
UBER	F	-0.06%
MTSI	B	-0.06%
ZM	A	-0.06%
JKHY	C	-0.06%
AME	A	-0.06%
MTCH	F	-0.06%
YUM	B	-0.06%
ABBV	D	-0.06%
JBHT	B	-0.06%
RTX	C	-0.06%
NDAQ	B	-0.06%
CUBE	D	-0.06%
NOC	C	-0.06%
CVX	B	-0.05%
PCOR	B	-0.05%
DV	C	-0.05%
IRM	C	-0.05%
ESS	C	-0.05%
NSC	B	-0.05%
NTNX	B	-0.05%
ANSS	B	-0.05%
EXR	D	-0.05%
HXL	D	-0.05%
PPG	F	-0.05%
STE	F	-0.05%
CTVA	C	-0.05%
TRGP	A	-0.05%
BSX	A	-0.05%
FSLR	F	-0.05%
SYK	A	-0.05%
UPS	D	-0.05%
GPN	B	-0.05%
EQR	D	-0.05%
ZS	B	-0.05%
TDG	B	-0.05%
RMD	B	-0.05%
H	C	-0.05%
TMUS	A	-0.05%
GLW	B	-0.05%
ENTG	D	-0.05%
SN	D	-0.05%
ATI	D	-0.05%
DLR	B	-0.05%
PTC	B	-0.05%
AXON	B	-0.05%
MMM	D	-0.05%
LHX	B	-0.05%
AEE	A	-0.05%
DG	F	-0.05%
BRK.A	C	-0.05%
LIN	D	-0.05%
WY	F	-0.05%
ACN	C	-0.05%
HD	B	-0.05%
APTV	F	-0.04%
MKTX	C	-0.04%
CRBG	C	-0.04%
KDP	D	-0.04%
HON	B	-0.04%
CHDN	C	-0.04%
MORN	A	-0.04%
LEN	D	-0.04%
ZI	C	-0.04%
KVUE	A	-0.04%
LNG	B	-0.04%
ARES	B	-0.04%
AVGO	B	-0.04%
SWK	F	-0.04%
AJG	B	-0.04%
BFAM	F	-0.04%
ALL	A	-0.04%
TRIP	D	-0.04%
IFF	F	-0.04%
PCTY	A	-0.04%
CME	B	-0.04%
FRPT	B	-0.04%
ZTS	F	-0.04%
TRU	D	-0.04%
STT	B	-0.04%
GTLB	C	-0.04%
IQV	F	-0.04%
NFLX	A	-0.04%
MDT	D	-0.04%
NEE	D	-0.04%
LSTR	B	-0.04%
UNP	D	-0.04%
CIVI	F	-0.04%
MTD	F	-0.04%
AMZN	B	-0.04%
STZ	D	-0.04%
CELH	F	-0.04%
NTRS	A	-0.04%
HES	C	-0.04%
FOX	A	-0.04%
WFC	B	-0.04%
EFX	D	-0.04%
LNT	C	-0.04%
DHR	F	-0.03%
BDX	D	-0.03%
WSC	F	-0.03%
HSY	D	-0.03%
BRKR	F	-0.03%
ZBH	C	-0.03%
MCD	D	-0.03%
NSA	D	-0.03%
TRMB	B	-0.03%
LVS	C	-0.03%
AMD	F	-0.03%
S	B	-0.03%
VRSN	C	-0.03%
TWLO	B	-0.03%
MAA	C	-0.03%
ELS	C	-0.03%
SCHW	A	-0.03%
JNJ	F	-0.03%
FIS	C	-0.03%
ICE	D	-0.03%
SQ	A	-0.03%
TECH	C	-0.03%
DAY	B	-0.03%
UNH	B	-0.03%
TFC	A	-0.03%
XOM	B	-0.03%
WMT	A	-0.03%
AWK	D	-0.03%
SPGI	D	-0.03%
RPRX	F	-0.03%
CAG	F	-0.03%
PFG	C	-0.03%
EW	F	-0.03%
OWL	B	-0.03%
TMO	F	-0.03%
OKTA	C	-0.03%
CHH	B	-0.03%
SMAR	B	-0.03%
NDSN	B	-0.03%
BMY	B	-0.03%
SNOW	C	-0.03%
LFUS	D	-0.03%
NWS	B	-0.03%
CRL	C	-0.03%
MA	A	-0.03%
CLX	B	-0.03%
WH	A	-0.03%
WPC	F	-0.03%
DKNG	B	-0.03%
NKE	F	-0.03%
CACC	F	-0.02%
DOCS	B	-0.02%
MKC	D	-0.02%
INSP	D	-0.02%
LW	C	-0.02%
WELL	B	-0.02%
CSGP	D	-0.02%
LBRDK	B	-0.02%
HRL	F	-0.02%
BAC	A	-0.02%
PLD	F	-0.02%
SCCO	D	-0.02%
RVTY	C	-0.02%
PH	B	-0.02%
MASI	B	-0.02%
PLNT	B	-0.02%
MTN	D	-0.02%
RH	B	-0.02%
QGEN	F	-0.02%
GS	B	-0.02%
SAM	B	-0.02%
DIS	C	-0.02%
KO	F	-0.02%
INVH	D	-0.02%
AMH	D	-0.02%
INCY	B	-0.02%
DXCM	C	-0.02%
CCI	F	-0.02%
MSGS	B	-0.02%
BSY	D	-0.02%
PEP	F	-0.02%
FIVE	F	-0.02%
KKR	B	-0.02%
GXO	B	-0.02%
UDR	D	-0.02%
ABT	B	-0.02%
V	A	-0.02%
ZBRA	A	-0.02%
MNST	B	-0.02%
BAX	F	-0.02%
HOLX	D	-0.02%
ES	F	-0.02%
CNH	D	-0.02%
PG	D	-0.02%
SBAC	D	-0.02%
TTC	D	-0.02%
RJF	A	-0.02%
EQIX	C	-0.02%
RGEN	D	-0.01%
APPF	B	-0.01%
EL	F	-0.01%
SPR	F	-0.01%
REXR	F	-0.01%
NET	C	-0.01%
AGR	C	-0.01%
CEG	D	-0.01%
CGNX	B	-0.01%
GFS	C	-0.01%
LITE	B	-0.01%
CNA	D	-0.01%
W	F	-0.01%
VTR	C	-0.01%
CZR	D	-0.01%
VKTX	D	-0.01%
NCNO	B	-0.01%
ARE	F	-0.01%
WAT	B	-0.01%
HEI	C	-0.01%
RKT	D	-0.01%
ETSY	C	-0.01%
PEGA	A	-0.01%
LLY	D	-0.01%
AMT	F	-0.01%
O	D	-0.01%
EMR	A	-0.01%
MSTR	A	-0.01%
PATH	C	-0.01%
ELF	C	-0.01%
CLVT	F	-0.01%
JPM	B	-0.01%
HEI	C	-0.01%
RYAN	B	-0.01%
XP	F	-0.01%
C	B	-0.01%
ROIV	D	-0.01%
MRK	F	-0.01%
MDB	C	-0.01%
CTLT	C	-0.01%
INTC	C	-0.01%
BA	F	-0.0%
ESTC	C	-0.0%
COIN	B	-0.0%
EQT	A	-0.0%
BMRN	F	-0.0%