VBR vs. RWJ ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to RevenueShares Small Cap (RWJ)

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

$214.02

Average Daily Volume

435,439

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

RWJ

RevenueShares Small Cap

RWJ Description

The investment seeks outperform the total return performance of the S&P SmallCap 600Â® Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Small Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of small capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$48.29

Average Daily Volume

109,014

Number of Holdings ^*

581

* may have additional holdings in another (foreign) market

Performance

Period	VBR	RWJ
30 Days	7.07%	7.91%
60 Days	7.22%	6.53%
90 Days	8.68%	7.72%
12 Months	33.95%	33.53%

328 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in RWJ	Overlap
AAP	C	0.06%	0.78%	0.06%
AAT	B	0.04%	0.03%	0.03%
ABCB	B	0.12%	0.12%	0.12%
ABG	B	0.13%	1.33%	0.13%
ABM	B	0.1%	0.64%	0.1%
ABR	C	0.08%	0.11%	0.08%
ACA	A	0.13%	0.2%	0.13%
AEO	F	0.1%	0.35%	0.1%
AGO	B	0.12%	0.07%	0.07%
AIN	C	0.06%	0.08%	0.06%
AIR	B	0.06%	0.16%	0.06%
AKR	B	0.08%	0.03%	0.03%
AL	B	0.13%	0.2%	0.13%
ALEX	C	0.04%	0.01%	0.01%
ALK	C	0.18%	0.92%	0.18%
AMBC	C	0.01%	0.03%	0.01%
AMN	F	0.04%	0.12%	0.04%
AMWD	C	0.02%	0.14%	0.02%
ANDE	D	0.04%	0.85%	0.04%
APAM	B	0.09%	0.09%	0.09%
APLE	B	0.09%	0.11%	0.09%
APOG	B	0.05%	0.12%	0.05%
ARCB	C	0.07%	0.33%	0.07%
ARCH	B	0.07%	0.26%	0.07%
ARI	C	0.04%	0.06%	0.04%
AROC	B	0.09%	0.09%	0.09%
ASO	F	0.11%	0.36%	0.11%
ASTE	B	0.02%	0.11%	0.02%
ATGE	B	0.08%	0.14%	0.08%
AUB	B	0.1%	0.09%	0.09%
AVA	A	0.09%	0.13%	0.09%
AVNS	F	0.03%	0.04%	0.03%
AWR	B	0.09%	0.04%	0.04%
AX	A	0.11%	0.16%	0.11%
AXL	C	0.02%	0.49%	0.02%
AZZ	B	0.06%	0.12%	0.06%
B	B	0.06%	0.13%	0.06%
BANF	B	0.06%	0.07%	0.06%
BANR	B	0.06%	0.07%	0.06%
BCC	B	0.15%	0.51%	0.15%
BDN	C	0.02%	0.03%	0.02%
BFH	B	0.07%	0.4%	0.07%
BFS	C	0.01%	0.02%	0.01%
BGC	C	0.1%	0.16%	0.1%
BGS	F	0.02%	0.1%	0.02%
BHE	B	0.04%	0.22%	0.04%
BHLB	B	0.03%	0.05%	0.03%
BJRI	B	0.01%	0.11%	0.01%
BKE	B	0.04%	0.09%	0.04%
BKU	A	0.08%	0.16%	0.08%
BLMN	F	0.04%	0.26%	0.04%
BOH	B	0.08%	0.09%	0.08%
BRC	D	0.09%	0.1%	0.09%
BRKL	B	0.03%	0.06%	0.03%
BTU	B	0.09%	0.38%	0.09%
BXMT	C	0.07%	0.13%	0.07%
CABO	C	0.04%	0.14%	0.04%
CAKE	C	0.06%	0.32%	0.06%
CAL	D	0.01%	0.2%	0.01%
CARS	B	0.03%	0.05%	0.03%
CATY	B	0.09%	0.12%	0.09%
CBRL	C	0.03%	0.27%	0.03%
CBU	B	0.09%	0.07%	0.07%
CENT	C	0.01%	0.11%	0.01%
CENTA	C	0.04%	0.11%	0.04%
CFFN	B	0.02%	0.03%	0.02%
CHCO	B	0.05%	0.03%	0.03%
CLB	B	0.01%	0.04%	0.01%
CMA	A	0.25%	0.44%	0.25%
CNK	B	0.05%	0.22%	0.05%
COOP	B	0.16%	0.15%	0.15%
CRC	B	0.12%	0.19%	0.12%
CSGS	B	0.04%	0.1%	0.04%
CSR	B	0.03%	0.02%	0.02%
CVBF	A	0.08%	0.06%	0.06%
CVI	F	0.02%	0.51%	0.02%
CWEN	C	0.03%	0.05%	0.03%
CWEN	C	0.07%	0.05%	0.05%
CWEN	C	0.03%	0.05%	0.03%
CWEN	C	0.07%	0.05%	0.05%
CWK	B	0.09%	0.7%	0.09%
CXW	B	0.04%	0.22%	0.04%
DAN	D	0.03%	0.65%	0.03%
DEI	B	0.09%	0.08%	0.08%
DLX	B	0.02%	0.18%	0.02%
DNOW	B	0.04%	0.2%	0.04%
DRH	B	0.05%	0.08%	0.05%
DXC	B	0.1%	0.99%	0.1%
DY	D	0.07%	0.31%	0.07%
EAT	A	0.13%	0.52%	0.13%
ECPG	B	0.03%	0.09%	0.03%
EGBN	B	0.01%	0.06%	0.01%
EIG	B	0.04%	0.07%	0.04%
ELME	D	0.04%	0.02%	0.02%
EMBC	C	0.02%	0.07%	0.02%
ENR	B	0.07%	0.23%	0.07%
EPC	D	0.05%	0.15%	0.05%
ESE	B	0.09%	0.08%	0.08%
EVTC	B	0.06%	0.06%	0.06%
EYE	C	0.02%	0.14%	0.02%
FBP	B	0.09%	0.09%	0.09%
FBRT	C	0.03%	0.04%	0.03%
FCF	A	0.05%	0.05%	0.05%
FDP	B	0.04%	0.35%	0.04%
FFBC	A	0.07%	0.09%	0.07%
FHB	A	0.09%	0.1%	0.09%
FL	F	0.06%	0.51%	0.06%
FTRE	D	0.04%	0.2%	0.04%
FUL	F	0.12%	0.23%	0.12%
FULT	A	0.1%	0.13%	0.1%
FWRD	D	0.01%	0.14%	0.01%
GBX	A	0.05%	0.34%	0.05%
GEO	B	0.06%	0.34%	0.06%
GES	F	0.01%	0.18%	0.01%
GFF	A	0.08%	0.22%	0.08%
GIII	D	0.03%	0.22%	0.03%
GMS	B	0.1%	0.46%	0.1%
GNL	F	0.05%	0.04%	0.04%
GNW	A	0.09%	0.52%	0.09%
GO	C	0.04%	0.34%	0.04%
GPI	A	0.14%	1.47%	0.14%
GTES	A	0.13%	0.29%	0.13%
GTY	B	0.04%	0.01%	0.01%
GVA	A	0.11%	0.34%	0.11%
HAIN	C	0.02%	0.1%	0.02%
HASI	D	0.12%	0.02%	0.02%
HAYW	B	0.07%	0.08%	0.07%
HBI	B	0.07%	0.41%	0.07%
HCC	B	0.1%	0.14%	0.1%
HCSG	C	0.02%	0.13%	0.02%
HELE	C	0.04%	0.15%	0.04%
HI	C	0.06%	0.24%	0.06%
HIW	D	0.1%	0.06%	0.06%
HMN	B	0.04%	0.13%	0.04%
HNI	B	0.06%	0.2%	0.06%
HOPE	B	0.04%	0.08%	0.04%
HP	B	0.04%	0.23%	0.04%
HPP	F	0.02%	0.05%	0.02%
HTH	B	0.04%	0.11%	0.04%
HTLD	B	0.01%	0.08%	0.01%
HTZ	C	0.01%	0.83%	0.01%
HUBG	A	0.07%	0.31%	0.07%
IAC	D	0.1%	0.25%	0.1%
IART	C	0.04%	0.14%	0.04%
IBTX	B	0.06%	0.08%	0.06%
ICUI	D	0.12%	0.16%	0.12%
INDB	B	0.07%	0.08%	0.07%
INN	D	0.01%	0.05%	0.01%
INVA	D	0.03%	0.02%	0.02%
IOSP	B	0.08%	0.15%	0.08%
ITGR	B	0.12%	0.13%	0.12%
JACK	D	0.03%	0.11%	0.03%
JBGS	D	0.04%	0.03%	0.03%
JBLU	F	0.02%	0.76%	0.02%
JXN	C	0.22%	0.4%	0.22%
KALU	C	0.03%	0.25%	0.03%
KAR	B	0.05%	0.14%	0.05%
KELYA	F	0.02%	0.23%	0.02%
KFY	B	0.11%	0.22%	0.11%
KMT	B	0.06%	0.17%	0.06%
KN	B	0.04%	0.06%	0.04%
KOP	C	0.02%	0.15%	0.02%
KREF	D	0.02%	0.04%	0.02%
KSS	F	0.06%	1.1%	0.06%
KTB	B	0.14%	0.22%	0.14%
KWR	C	0.03%	0.14%	0.03%
LCII	C	0.04%	0.26%	0.04%
LEG	F	0.04%	0.3%	0.04%
LESL	C	0.0%	0.09%	0.0%
LGND	B	0.05%	0.01%	0.01%
LNC	B	0.17%	1.38%	0.17%
LRN	A	0.06%	0.17%	0.06%
LTC	B	0.05%	0.01%	0.01%
LUMN	C	0.19%	1.4%	0.19%
LXP	D	0.08%	0.02%	0.02%
LZB	B	0.05%	0.15%	0.05%
MAC	B	0.12%	0.07%	0.07%
MATV	D	0.02%	0.09%	0.02%
MATW	C	0.02%	0.13%	0.02%
MATX	C	0.15%	0.29%	0.15%
MCY	A	0.05%	0.45%	0.05%
MD	B	0.03%	0.2%	0.03%
MGEE	C	0.1%	0.05%	0.05%
MHO	D	0.06%	0.27%	0.06%
MLI	C	0.27%	0.31%	0.27%
MLKN	D	0.05%	0.23%	0.05%
MMI	B	0.03%	0.04%	0.03%
MNRO	D	0.02%	0.1%	0.02%
MODG	F	0.02%	0.25%	0.02%
MOG.A	B	0.16%	0.28%	0.16%
MPW	F	0.08%	0.03%	0.03%
MTH	D	0.19%	0.39%	0.19%
MTRN	C	0.06%	0.13%	0.06%
MTX	B	0.07%	0.17%	0.07%
MXL	C	0.01%	0.03%	0.01%
MYGN	F	0.03%	0.03%	0.03%
NABL	F	0.01%	0.03%	0.01%
NATL	B	0.06%	0.33%	0.06%
NAVI	C	0.03%	0.33%	0.03%
NBHC	B	0.05%	0.05%	0.05%
NBTB	B	0.06%	0.06%	0.06%
NGVT	B	0.04%	0.13%	0.04%
NHC	C	0.04%	0.08%	0.04%
NPO	A	0.09%	0.08%	0.08%
NSIT	F	0.17%	0.48%	0.17%
NTCT	C	0.04%	0.06%	0.04%
NVRI	F	0.01%	0.11%	0.01%
NWBI	B	0.05%	0.05%	0.05%
NWL	B	0.1%	0.63%	0.1%
NWN	A	0.04%	0.08%	0.04%
NX	C	0.04%	0.08%	0.04%
ODP	F	0.03%	0.44%	0.03%
OFG	B	0.05%	0.06%	0.05%
OGN	D	0.14%	0.34%	0.14%
OI	C	0.05%	0.47%	0.05%
OMCL	C	0.07%	0.08%	0.07%
OMI	F	0.03%	0.59%	0.03%
OSIS	B	0.06%	0.11%	0.06%
OTTR	C	0.1%	0.1%	0.1%
OUT	A	0.07%	0.14%	0.07%
OXM	D	0.03%	0.1%	0.03%
PBH	A	0.11%	0.09%	0.09%
PBI	B	0.04%	0.26%	0.04%
PCRX	C	0.02%	0.06%	0.02%
PDCO	D	0.05%	0.42%	0.05%
PECO	A	0.07%	0.04%	0.04%
PENN	C	0.09%	0.47%	0.09%
PFS	B	0.07%	0.07%	0.07%
PHIN	A	0.06%	0.28%	0.06%
PINC	B	0.06%	0.11%	0.06%
PIPR	B	0.14%	0.13%	0.13%
PLXS	B	0.11%	0.34%	0.11%
PMT	D	0.03%	0.1%	0.03%
PPBI	B	0.07%	0.06%	0.06%
PRA	C	0.02%	0.1%	0.02%
PRAA	C	0.02%	0.07%	0.02%
PRG	C	0.05%	0.18%	0.05%
PRGS	A	0.08%	0.06%	0.06%
PRK	B	0.07%	0.05%	0.05%
PRLB	A	0.02%	0.05%	0.02%
PSMT	C	0.06%	0.34%	0.06%
PTEN	C	0.09%	0.4%	0.09%
PUMP	B	0.02%	0.11%	0.02%
PZZA	D	0.05%	0.15%	0.05%
RDN	C	0.15%	0.09%	0.09%
REZI	A	0.08%	0.58%	0.08%
RGR	F	0.02%	0.03%	0.02%
RHI	B	0.2%	0.51%	0.2%
RNST	B	0.06%	0.08%	0.06%
ROIC	A	0.05%	0.03%	0.03%
RUSHA	C	0.1%	0.68%	0.1%
RWT	D	0.03%	0.05%	0.03%
RXO	C	0.06%	0.29%	0.06%
SAFT	C	0.03%	0.07%	0.03%
SAH	A	0.02%	1.15%	0.02%
SANM	B	0.11%	0.62%	0.11%
SATS	D	0.09%	1.5%	0.09%
SBH	C	0.04%	0.25%	0.04%
SCHL	D	0.01%	0.09%	0.01%
SCL	C	0.05%	0.16%	0.05%
SCSC	B	0.03%	0.24%	0.03%
SEE	C	0.12%	0.41%	0.12%
SEM	B	0.1%	0.52%	0.1%
SFBS	B	0.06%	0.08%	0.06%
SFNC	B	0.08%	0.12%	0.08%
SHO	C	0.06%	0.07%	0.06%
SHOO	D	0.05%	0.14%	0.05%
SIG	B	0.11%	0.52%	0.11%
SKT	B	0.11%	0.04%	0.04%
SKYW	B	0.11%	0.32%	0.11%
SLG	B	0.14%	0.06%	0.06%
SM	B	0.07%	0.2%	0.07%
SNDR	B	0.03%	0.42%	0.03%
SPNT	A	0.04%	0.21%	0.04%
SSTK	F	0.01%	0.06%	0.01%
STBA	B	0.04%	0.04%	0.04%
STEP	B	0.05%	0.06%	0.05%
STRA	C	0.06%	0.09%	0.06%
SUPN	C	0.05%	0.05%	0.05%
SVC	F	0.02%	0.08%	0.02%
SWI	B	0.02%	0.06%	0.02%
SXI	B	0.06%	0.06%	0.06%
SXT	B	0.09%	0.11%	0.09%
TDS	B	0.08%	0.47%	0.08%
TGI	B	0.01%	0.12%	0.01%
TGNA	B	0.08%	0.26%	0.08%
THS	D	0.05%	0.18%	0.05%
TILE	B	0.01%	0.12%	0.01%
TMP	B	0.02%	0.03%	0.02%
TPH	D	0.11%	0.27%	0.11%
TRMK	B	0.06%	0.08%	0.06%
TRN	C	0.08%	0.27%	0.08%
TTMI	B	0.06%	0.22%	0.06%
UCB	A	0.1%	0.11%	0.1%
UE	C	0.08%	0.03%	0.03%
UNF	B	0.08%	0.17%	0.08%
UNFI	A	0.03%	2.85%	0.03%
UNIT	B	0.03%	0.08%	0.03%
UPBD	B	0.04%	0.31%	0.04%
URBN	C	0.07%	0.41%	0.07%
USNA	C	0.01%	0.06%	0.01%
UVV	B	0.03%	0.2%	0.03%
VFC	C	0.24%	0.77%	0.24%
VIAV	B	0.06%	0.08%	0.06%
VIRT	B	0.07%	0.18%	0.07%
VRE	B	0.04%	0.02%	0.02%
VRTS	B	0.04%	0.07%	0.04%
VSAT	F	0.03%	0.2%	0.03%
VSCO	B	0.07%	0.65%	0.07%
VSTO	A	0.03%	0.21%	0.03%
VSTS	C	0.05%	0.19%	0.05%
VYX	B	0.05%	0.28%	0.05%
WABC	B	0.04%	0.03%	0.03%
WAFD	B	0.08%	0.1%	0.08%
WD	D	0.1%	0.07%	0.07%
WERN	C	0.06%	0.24%	0.06%
WKC	D	0.04%	3.1%	0.04%
WNC	C	0.02%	0.16%	0.02%
WOR	F	0.03%	0.13%	0.03%
WRLD	C	0.01%	0.04%	0.01%
WS	B	0.04%	0.32%	0.04%
WSFS	A	0.09%	0.11%	0.09%
WT	B	0.04%	0.03%	0.03%
WWW	B	0.03%	0.19%	0.03%
XHR	B	0.02%	0.08%	0.02%
XRX	F	0.03%	0.36%	0.03%
ZD	C	0.06%	0.11%	0.06%
ZWS	B	0.14%	0.13%	0.13%

VBR Overweight 468 Positions Relative to RWJ

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
EME	C	0.61%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
CSL	C	0.57%
NRG	B	0.55%
UTHR	C	0.49%
RPM	A	0.48%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
RS	B	0.46%
OC	A	0.45%
TOL	B	0.44%
USFD	A	0.44%
THC	D	0.43%
ACM	A	0.42%
EQH	B	0.42%
RGA	A	0.41%
FFIV	B	0.4%
RNR	C	0.4%
JBL	B	0.39%
WSM	B	0.39%
EWBC	A	0.39%
SFM	A	0.38%
JLL	D	0.38%
REG	B	0.38%
GLPI	C	0.38%
TTEK	F	0.38%
PFGC	B	0.37%
JNPR	F	0.37%
ALLE	D	0.36%
EMN	D	0.36%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
BG	F	0.35%
SJM	D	0.34%
CHRW	C	0.34%
UHS	D	0.34%
CG	A	0.34%
AES	F	0.34%
ATR	B	0.33%
SCI	B	0.33%
BJ	A	0.33%
CCK	C	0.33%
KMX	B	0.33%
ITT	A	0.33%
BXP	D	0.33%
HUBB	B	0.33%
TPR	B	0.32%
OHI	C	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	C	0.3%
FBIN	D	0.3%
OVV	B	0.3%
AA	B	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	B	0.29%
EHC	B	0.29%
SOLV	C	0.29%
SF	B	0.29%
WCC	B	0.28%
TAP	C	0.28%
TFX	F	0.28%
GL	B	0.28%
WTRG	B	0.28%
UNM	A	0.28%
STLD	B	0.28%
ALLY	C	0.28%
EVR	B	0.28%
LKQ	D	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
AYI	B	0.27%
FRT	B	0.27%
FHN	A	0.27%
ALSN	B	0.27%
PRI	A	0.27%
APA	D	0.26%
SEIC	B	0.26%
DTM	B	0.26%
AAL	B	0.26%
DCI	B	0.26%
WBS	A	0.26%
AIT	A	0.26%
LAD	A	0.26%
FYBR	D	0.26%
HSIC	B	0.26%
KBR	F	0.26%
FLR	B	0.26%
MUSA	A	0.26%
APG	B	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
INGR	B	0.25%
NYT	C	0.25%
HAS	D	0.25%
WAL	B	0.25%
FMC	D	0.24%
BRX	A	0.24%
ORI	A	0.24%
AXTA	A	0.24%
HRB	D	0.24%
EGP	F	0.24%
WTFC	A	0.23%
CHRD	D	0.23%
DKS	C	0.23%
DOC	D	0.23%
X	C	0.23%
NI	A	0.23%
VOYA	B	0.23%
NNN	D	0.23%
KNX	B	0.23%
OGE	B	0.23%
SAIC	F	0.22%
SNX	C	0.22%
IVZ	B	0.22%
SSB	B	0.22%
ADC	B	0.22%
VNO	B	0.22%
RL	B	0.22%
CR	A	0.22%
BWA	D	0.22%
BERY	B	0.22%
ZION	B	0.22%
ESAB	B	0.21%
UFPI	B	0.21%
COHR	B	0.21%
MHK	D	0.21%
XPO	B	0.21%
CBSH	A	0.21%
HII	D	0.21%
AGNC	D	0.21%
CFR	B	0.21%
MKSI	C	0.2%
ANF	C	0.2%
QRVO	F	0.2%
RLI	B	0.2%
TMHC	B	0.2%
STAG	F	0.2%
G	B	0.2%
SNV	B	0.2%
RRC	B	0.2%
FLS	B	0.2%
MAT	D	0.2%
BIO	D	0.2%
FR	C	0.2%
MIDD	C	0.2%
FCN	D	0.2%
AGCO	D	0.19%
BPOP	B	0.19%
JAZZ	B	0.19%
MTG	C	0.19%
EVRG	A	0.19%
UHAL	D	0.19%
PB	A	0.19%
KEX	C	0.19%
OSK	B	0.19%
R	B	0.18%
ESNT	D	0.18%
CLF	F	0.18%
CADE	B	0.18%
ONB	B	0.18%
CMC	B	0.18%
MSA	D	0.18%
BBWI	D	0.18%
ELAN	D	0.18%
LPX	B	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
ARW	D	0.18%
VMI	B	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	B	0.17%
SRCL	C	0.17%
ACI	C	0.17%
LAMR	D	0.17%
PARA	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	B	0.17%
CRUS	D	0.17%
ESI	A	0.17%
CBT	C	0.17%
GBCI	B	0.17%
AXS	A	0.17%
OMF	A	0.17%
COLB	A	0.17%
LEA	D	0.16%
NXST	C	0.16%
AMG	B	0.16%
PVH	C	0.16%
KNF	A	0.16%
IDA	A	0.16%
SIGI	C	0.16%
NFG	A	0.16%
TPG	A	0.16%
ALB	C	0.16%
NCLH	B	0.16%
MDU	D	0.16%
KBH	D	0.15%
GAP	C	0.15%
UBSI	B	0.15%
UGI	A	0.15%
SON	D	0.15%
PSN	D	0.15%
ST	F	0.15%
VVV	F	0.15%
FNB	A	0.15%
WTS	B	0.15%
TKR	D	0.15%
AN	C	0.15%
THO	B	0.15%
JHG	A	0.15%
BC	C	0.15%
KD	B	0.15%
BDC	B	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
OZK	B	0.14%
KRC	C	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OLN	D	0.14%
AM	A	0.14%
AUR	C	0.14%
POR	C	0.14%
CNX	A	0.14%
HOMB	A	0.14%
GATX	A	0.14%
RIVN	F	0.13%
PR	B	0.13%
BCO	D	0.13%
WTM	A	0.13%
FFIN	B	0.13%
LYFT	C	0.13%
SWX	B	0.13%
HWC	B	0.13%
MUR	D	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
DNB	B	0.12%
M	D	0.12%
OGS	A	0.12%
EDR	A	0.12%
VLY	B	0.12%
BKH	A	0.12%
SLGN	A	0.12%
MGM	D	0.12%
FLO	D	0.12%
AVNT	B	0.12%
NVST	B	0.11%
HUN	F	0.11%
CDP	C	0.11%
WU	D	0.11%
ESGR	B	0.11%
ALE	A	0.11%
PII	D	0.11%
SMG	D	0.11%
ACHC	F	0.11%
NUVL	D	0.11%
HOG	D	0.11%
KMPR	B	0.11%
AR	B	0.11%
PNFP	B	0.11%
HL	D	0.11%
MTZ	B	0.11%
ENS	D	0.11%
ASGN	F	0.11%
ASH	D	0.11%
PNM	F	0.11%
BEN	C	0.1%
WBA	F	0.1%
NWE	B	0.1%
PCH	D	0.1%
TEX	D	0.1%
WEN	D	0.1%
BNL	D	0.1%
NHI	D	0.1%
ASB	B	0.1%
IBOC	A	0.1%
EPR	D	0.1%
CNO	A	0.1%
PRGO	B	0.1%
SR	A	0.1%
MSM	C	0.1%
TCBI	B	0.1%
JWN	C	0.09%
MAN	D	0.09%
MIR	A	0.09%
PAG	B	0.09%
ADTN	A	0.09%
ATKR	C	0.09%
TDC	D	0.09%
AMED	F	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
COMP	B	0.09%
FHI	A	0.09%
FIBK	A	0.08%
COTY	F	0.08%
CXT	B	0.08%
NSP	D	0.08%
PBF	D	0.08%
CC	C	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
GHC	C	0.08%
PK	B	0.08%
ALIT	C	0.08%
MGRC	B	0.08%
RNG	B	0.08%
AMKR	D	0.08%
IOVA	F	0.08%
BHF	B	0.08%
BYD	C	0.07%
GT	C	0.07%
ENOV	C	0.07%
CDE	D	0.07%
RNA	D	0.07%
CNXC	F	0.07%
BOKF	B	0.07%
SPB	C	0.07%
VAC	B	0.07%
WLK	D	0.07%
PFSI	D	0.07%
POST	C	0.07%
NMRK	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
IMVT	F	0.06%
BLKB	B	0.06%
WLY	B	0.06%
EQC	B	0.06%
SMMT	D	0.06%
ZG	A	0.06%
HURN	B	0.06%
FRME	B	0.06%
LAUR	A	0.06%
VSH	D	0.06%
INFA	D	0.06%
IVT	B	0.06%
TOWN	B	0.06%
IPGP	D	0.06%
JOBY	B	0.06%
CPRI	F	0.06%
DDS	B	0.05%
UAA	C	0.05%
HEES	B	0.05%
HE	C	0.05%
GOLF	B	0.05%
PPC	C	0.05%
WSBC	A	0.05%
CRGY	B	0.05%
CRI	D	0.05%
DYN	F	0.04%
PDM	D	0.04%
VC	D	0.04%
COLM	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	D	0.04%
REVG	B	0.04%
VRNT	C	0.04%
CAR	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%
GEF	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%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
INSW	F	0.03%
TRS	B	0.03%
ACT	D	0.03%
KFRC	D	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%
FOR	F	0.02%
NAPA	B	0.02%
CWH	B	0.02%
BASE	C	0.02%
HY	D	0.02%
UHAL	D	0.02%
SEB	F	0.02%
BMBL	C	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%
ALX	D	0.01%
CMP	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%
CRCT	F	0.01%
WOOF	D	0.01%
RUSHB	B	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	C	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%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 255 Positions Relative to RWJ

Symbol	Grade	Weight
ADNT	F	-1.07%
PARR	D	-0.57%
SPTN	D	-0.56%
MYRG	B	-0.38%
ALGT	B	-0.32%
EXPI	C	-0.3%
LBRT	D	-0.29%
ATI	D	-0.28%
AMR	C	-0.27%
SLVM	B	-0.27%
CHEF	A	-0.26%
PATK	D	-0.25%
NBR	C	-0.25%
CRS	A	-0.24%
SABR	C	-0.24%
SXC	A	-0.23%
CENX	B	-0.23%
WGO	C	-0.23%
CCS	D	-0.23%
OII	B	-0.22%
AHCO	F	-0.22%
CEIX	A	-0.21%
CALM	A	-0.21%
ENVA	B	-0.21%
PLAY	D	-0.2%
IBP	D	-0.19%
ITRI	B	-0.19%
ETSY	D	-0.19%
CNXN	C	-0.19%
KLG	C	-0.18%
GPRE	F	-0.17%
HZO	D	-0.16%
STC	B	-0.16%
NOG	A	-0.16%
FELE	B	-0.16%
DXPE	B	-0.16%
DORM	B	-0.16%
VTLE	C	-0.15%
FTDR	A	-0.15%
SNEX	B	-0.15%
JBT	B	-0.15%
PRVA	B	-0.14%
CVCO	A	-0.14%
LGIH	D	-0.14%
RDNT	B	-0.14%
ALG	B	-0.13%
TALO	C	-0.13%
SONO	C	-0.13%
CRK	B	-0.13%
UCTT	D	-0.13%
PLUS	F	-0.13%
FSS	B	-0.13%
TRIP	F	-0.13%
GRBK	D	-0.12%
VVI	C	-0.12%
CUBI	C	-0.12%
AEIS	B	-0.12%
ACIW	B	-0.12%
POWL	C	-0.12%
CRSR	C	-0.11%
HLX	B	-0.11%
TWI	F	-0.11%
GDOT	D	-0.11%
ALKS	B	-0.11%
AWI	A	-0.11%
JJSF	B	-0.11%
ASIX	A	-0.11%
PJT	A	-0.11%
PEB	D	-0.1%
SMP	B	-0.1%
UFCS	B	-0.1%
ROCK	C	-0.1%
SHAK	C	-0.1%
MGY	A	-0.1%
BOOT	D	-0.1%
YELP	C	-0.1%
SNCY	C	-0.1%
VTOL	B	-0.1%
IPAR	B	-0.1%
RES	D	-0.1%
ASTH	D	-0.09%
EXTR	B	-0.09%
PAYO	A	-0.09%
CNMD	C	-0.09%
ENV	B	-0.09%
MTUS	C	-0.09%
WHD	B	-0.09%
FIZZ	C	-0.09%
TRUP	B	-0.09%
THRM	D	-0.09%
HSII	B	-0.09%
SMPL	B	-0.09%
BANC	A	-0.09%
MMSI	B	-0.09%
MC	C	-0.08%
RUN	F	-0.08%
CARG	C	-0.08%
CNSL	C	-0.08%
BOX	B	-0.08%
MSGS	A	-0.08%
SCVL	F	-0.08%
FOXF	F	-0.08%
CCOI	B	-0.08%
MCW	B	-0.08%
PAHC	C	-0.08%
TNC	D	-0.08%
DIOD	D	-0.08%
EZPW	A	-0.08%
CASH	A	-0.07%
VBTX	B	-0.07%
MRCY	B	-0.07%
SMTC	B	-0.07%
JBSS	D	-0.07%
BCPC	B	-0.07%
CRVL	A	-0.07%
HWKN	B	-0.07%
IDCC	A	-0.07%
ALRM	C	-0.07%
CSWI	A	-0.07%
ADUS	D	-0.07%
RC	D	-0.07%
MRTN	C	-0.07%
CALX	D	-0.06%
BMI	B	-0.06%
PRDO	B	-0.06%
CORT	B	-0.06%
KLIC	B	-0.06%
AVAV	D	-0.06%
GDEN	B	-0.06%
ROG	D	-0.06%
ACLS	F	-0.06%
SBCF	A	-0.06%
ICHR	C	-0.06%
DCOM	A	-0.06%
PLAB	C	-0.06%
CWT	D	-0.06%
FBK	B	-0.06%
SEDG	F	-0.06%
NVEE	F	-0.06%
TDW	F	-0.06%
PGNY	F	-0.05%
THRY	F	-0.05%
AMPH	D	-0.05%
AHH	D	-0.05%
USPH	B	-0.05%
QNST	B	-0.05%
DOCN	D	-0.05%
EPAC	B	-0.05%
MYE	F	-0.05%
DV	C	-0.05%
DFIN	D	-0.05%
TR	B	-0.05%
VRRM	D	-0.05%
TBBK	B	-0.05%
WOLF	F	-0.05%
RAMP	C	-0.05%
CPK	A	-0.05%
MARA	C	-0.05%
REX	D	-0.05%
BL	B	-0.05%
CXM	C	-0.05%
HCI	C	-0.05%
HLIT	D	-0.04%
TGTX	B	-0.04%
COHU	C	-0.04%
DGII	B	-0.04%
KW	B	-0.04%
IIIN	C	-0.04%
CNS	B	-0.04%
TNDM	F	-0.04%
ANIP	F	-0.04%
HAFC	A	-0.04%
BSIG	A	-0.04%
MCRI	A	-0.04%
SPSC	C	-0.04%
HRMY	D	-0.04%
VICR	B	-0.04%
NMIH	D	-0.04%
NARI	C	-0.04%
PFBC	B	-0.04%
YOU	D	-0.04%
CTS	C	-0.04%
VECO	F	-0.04%
TFIN	A	-0.04%
ETD	C	-0.04%
FBNC	A	-0.04%
HAYN	C	-0.04%
INSP	D	-0.04%
NEO	C	-0.04%
FORM	D	-0.04%
LNN	B	-0.04%
SJW	D	-0.04%
WDFC	B	-0.04%
HFWA	B	-0.03%
EFC	C	-0.03%
AMSF	B	-0.03%
GSHD	A	-0.03%
IRWD	F	-0.03%
LQDT	B	-0.03%
PTGX	C	-0.03%
GKOS	B	-0.03%
CPF	A	-0.03%
ADMA	B	-0.03%
EPRT	B	-0.03%
UFPT	B	-0.03%
AORT	B	-0.03%
XPEL	C	-0.03%
GOGO	C	-0.03%
LPG	F	-0.03%
SBSI	B	-0.03%
COLL	F	-0.03%
MGPI	F	-0.03%
PLMR	B	-0.03%
LKFN	B	-0.03%
AOSL	C	-0.03%
UTL	B	-0.03%
CPRX	C	-0.03%
ARLO	C	-0.03%
RCUS	F	-0.02%
LMAT	A	-0.02%
FLGT	F	-0.02%
MP	B	-0.02%
SHEN	F	-0.02%
FCPT	C	-0.02%
CTRE	D	-0.02%
IIPR	D	-0.02%
VCEL	B	-0.02%
NXRT	B	-0.02%
CTKB	C	-0.02%
DEA	D	-0.02%
TRST	A	-0.02%
STAA	F	-0.02%
TTGT	C	-0.02%
AGYS	A	-0.02%
DVAX	C	-0.02%
ATEN	B	-0.02%
PI	D	-0.02%
HSTM	B	-0.02%
JOE	F	-0.02%
NPK	B	-0.02%
CERT	F	-0.02%
RGNX	F	-0.01%
VIR	D	-0.01%
UHT	D	-0.01%
CEVA	B	-0.01%
BLFS	C	-0.01%
XNCR	B	-0.01%
KRYS	B	-0.01%
WSR	A	-0.01%
MSEX	B	-0.01%
PDFS	C	-0.01%
MLAB	D	-0.01%
SITM	B	-0.01%
SDGR	C	-0.01%
SLP	D	-0.0%