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

$198.65

Average Daily Volume

430,761

Number of Holdings ^*

795

* 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

$45.26

Average Daily Volume

119,190

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

Performance

Period	VBR	RWJ
30 Days	0.71%	2.23%
60 Days	6.22%	7.52%
90 Days	10.06%	14.77%
12 Months	29.54%	28.35%

323 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in RWJ	Overlap
AAP	F	0.08%	0.81%	0.08%
AAT	C	0.04%	0.03%	0.03%
ABCB	C	0.12%	0.11%	0.11%
ABG	D	0.15%	1.26%	0.15%
ABM	D	0.11%	0.59%	0.11%
ABR	B	0.07%	0.12%	0.07%
ACA	C	0.13%	0.18%	0.13%
AEO	C	0.11%	0.43%	0.11%
AGO	D	0.12%	0.06%	0.06%
AIN	D	0.09%	0.09%	0.09%
AIR	D	0.07%	0.16%	0.07%
AKR	B	0.07%	0.03%	0.03%
AL	D	0.14%	0.19%	0.14%
ALEX	D	0.04%	0.02%	0.02%
ALK	B	0.13%	0.82%	0.13%
AMBC	F	0.01%	0.02%	0.01%
AMN	F	0.06%	0.21%	0.06%
AMWD	C	0.02%	0.14%	0.02%
ANDE	D	0.05%	0.93%	0.05%
APAM	C	0.08%	0.08%	0.08%
APLE	D	0.09%	0.11%	0.09%
APOG	B	0.04%	0.11%	0.04%
ARCB	D	0.07%	0.33%	0.07%
ARCH	D	0.07%	0.22%	0.07%
ARI	F	0.04%	0.06%	0.04%
AROC	C	0.09%	0.08%	0.08%
ASO	D	0.12%	0.44%	0.12%
ASTE	F	0.02%	0.09%	0.02%
ATGE	C	0.08%	0.12%	0.08%
AUB	D	0.1%	0.08%	0.08%
AVA	B	0.09%	0.14%	0.09%
AVNS	C	0.03%	0.05%	0.03%
AWR	B	0.09%	0.04%	0.04%
AX	D	0.1%	0.13%	0.1%
AXL	F	0.02%	0.49%	0.02%
AZZ	C	0.07%	0.12%	0.07%
B	D	0.06%	0.12%	0.06%
BANF	D	0.06%	0.06%	0.06%
BANR	C	0.06%	0.06%	0.06%
BCC	B	0.16%	0.52%	0.16%
BDN	A	0.03%	0.04%	0.03%
BFS	B	0.01%	0.02%	0.01%
BGC	B	0.11%	0.15%	0.11%
BGS	D	0.02%	0.15%	0.02%
BHE	C	0.04%	0.21%	0.04%
BHLB	D	0.04%	0.04%	0.04%
BJRI	D	0.01%	0.1%	0.01%
BKE	C	0.04%	0.09%	0.04%
BKU	D	0.08%	0.14%	0.08%
BLMN	F	0.04%	0.33%	0.04%
BOH	F	0.08%	0.07%	0.07%
BRC	C	0.09%	0.1%	0.09%
BRKL	D	0.03%	0.05%	0.03%
BTU	B	0.08%	0.36%	0.08%
BXMT	C	0.07%	0.14%	0.07%
CABO	F	0.02%	0.12%	0.02%
CAKE	B	0.05%	0.27%	0.05%
CAL	F	0.02%	0.21%	0.02%
CARS	F	0.03%	0.05%	0.03%
CATY	D	0.09%	0.1%	0.09%
CBRL	D	0.03%	0.29%	0.03%
CBU	D	0.09%	0.06%	0.06%
CENT	F	0.01%	0.11%	0.01%
CENTA	F	0.05%	0.11%	0.05%
CFFN	D	0.02%	0.03%	0.02%
CHCO	D	0.05%	0.03%	0.03%
CLB	D	0.01%	0.04%	0.01%
CMA	C	0.22%	0.38%	0.22%
CNK	C	0.09%	0.2%	0.09%
COOP	C	0.17%	0.14%	0.14%
CRC	B	0.11%	0.17%	0.11%
CSGS	C	0.04%	0.09%	0.04%
CSR	D	0.03%	0.02%	0.02%
CTRE	B	0.06%	0.02%	0.02%
CVBF	D	0.07%	0.05%	0.05%
CVI	F	0.03%	0.64%	0.03%
CWEN	A	0.03%	0.06%	0.03%
CWEN	A	0.07%	0.06%	0.06%
CWEN	A	0.03%	0.06%	0.03%
CWEN	A	0.07%	0.06%	0.06%
CWK	C	0.08%	0.68%	0.08%
CXW	F	0.04%	0.14%	0.04%
DAN	F	0.04%	0.85%	0.04%
DEI	A	0.08%	0.08%	0.08%
DLX	F	0.03%	0.15%	0.03%
DNOW	F	0.04%	0.18%	0.04%
DRH	D	0.05%	0.08%	0.05%
DXC	D	0.11%	0.94%	0.11%
DY	C	0.07%	0.33%	0.07%
EAT	A	0.09%	0.34%	0.09%
ECPG	F	0.03%	0.09%	0.03%
EGBN	C	0.01%	0.05%	0.01%
EIG	B	0.04%	0.06%	0.04%
EMBC	D	0.03%	0.07%	0.03%
ENR	B	0.07%	0.22%	0.07%
EPC	F	0.06%	0.16%	0.06%
ESE	B	0.09%	0.08%	0.08%
EVTC	D	0.06%	0.06%	0.06%
EYE	F	0.02%	0.15%	0.02%
FBP	D	0.1%	0.09%	0.09%
FCF	D	0.05%	0.05%	0.05%
FDP	B	0.03%	0.31%	0.03%
FFBC	D	0.07%	0.08%	0.07%
FHB	D	0.09%	0.08%	0.08%
FL	F	0.09%	0.57%	0.09%
FTRE	F	0.06%	0.19%	0.06%
FUL	F	0.14%	0.25%	0.14%
FULT	D	0.1%	0.12%	0.1%
FWRD	D	0.01%	0.14%	0.01%
GBX	C	0.04%	0.26%	0.04%
GEO	F	0.05%	0.17%	0.05%
GES	F	0.02%	0.21%	0.02%
GFF	B	0.09%	0.19%	0.09%
GIII	C	0.03%	0.21%	0.03%
GMS	D	0.1%	0.42%	0.1%
GNL	D	0.06%	0.05%	0.05%
GNW	C	0.09%	0.5%	0.09%
GO	F	0.05%	0.32%	0.05%
GPI	C	0.14%	1.4%	0.14%
GTES	C	0.12%	0.26%	0.12%
GTY	B	0.05%	0.01%	0.01%
GVA	B	0.1%	0.28%	0.1%
HAIN	C	0.02%	0.13%	0.02%
HASI	C	0.11%	0.03%	0.03%
HAYW	B	0.06%	0.08%	0.06%
HBI	B	0.06%	0.38%	0.06%
HCC	D	0.09%	0.14%	0.09%
HCSG	D	0.02%	0.12%	0.02%
HELE	D	0.04%	0.15%	0.04%
HI	F	0.07%	0.23%	0.07%
HIW	C	0.1%	0.06%	0.06%
HMN	C	0.04%	0.12%	0.04%
HNI	B	0.07%	0.19%	0.07%
HOPE	D	0.04%	0.08%	0.04%
HP	F	0.04%	0.2%	0.04%
HPP	F	0.02%	0.06%	0.02%
HTH	D	0.04%	0.11%	0.04%
HTLD	F	0.02%	0.08%	0.02%
HTZ	F	0.01%	0.72%	0.01%
HUBG	D	0.08%	0.29%	0.08%
IAC	C	0.11%	0.3%	0.11%
IART	F	0.04%	0.11%	0.04%
IBTX	D	0.06%	0.07%	0.06%
ICUI	B	0.11%	0.16%	0.11%
IDCC	A	0.05%	0.05%	0.05%
INDB	D	0.08%	0.07%	0.07%
INN	B	0.01%	0.06%	0.01%
INVA	B	0.03%	0.02%	0.02%
IOSP	F	0.08%	0.14%	0.08%
ITGR	C	0.13%	0.12%	0.12%
JACK	F	0.01%	0.12%	0.01%
JBGS	C	0.05%	0.04%	0.04%
JBLU	B	0.05%	0.72%	0.05%
JXN	B	0.2%	0.35%	0.2%
KALU	D	0.03%	0.23%	0.03%
KAR	D	0.06%	0.12%	0.06%
KELYA	D	0.02%	0.32%	0.02%
KFY	C	0.11%	0.2%	0.11%
KMT	C	0.06%	0.15%	0.06%
KN	D	0.05%	0.06%	0.05%
KOP	F	0.02%	0.15%	0.02%
KREF	C	0.02%	0.05%	0.02%
KRYS	D	0.07%	0.01%	0.01%
KSS	D	0.06%	1.3%	0.06%
KTB	B	0.12%	0.2%	0.12%
LEG	D	0.05%	0.36%	0.05%
LGND	D	0.05%	0.01%	0.01%
LNC	D	0.16%	1.27%	0.16%
LRN	C	0.05%	0.15%	0.05%
LTC	C	0.05%	0.01%	0.01%
LUMN	C	0.16%	1.18%	0.16%
LXP	D	0.09%	0.02%	0.02%
LZB	C	0.05%	0.15%	0.05%
MAC	B	0.1%	0.07%	0.07%
MATV	D	0.03%	0.13%	0.03%
MATW	F	0.02%	0.13%	0.02%
MATX	B	0.13%	0.24%	0.13%
MC	C	0.07%	0.07%	0.07%
MCY	B	0.05%	0.39%	0.05%
MD	B	0.03%	0.15%	0.03%
MGEE	A	0.09%	0.05%	0.05%
MLI	B	0.23%	0.25%	0.23%
MLKN	F	0.06%	0.23%	0.06%
MMI	C	0.03%	0.04%	0.03%
MNRO	C	0.02%	0.1%	0.02%
MOG.A	B	0.17%	0.26%	0.17%
MPW	C	0.08%	0.05%	0.05%
MTH	B	0.2%	0.46%	0.2%
MTRN	F	0.07%	0.12%	0.07%
MTX	D	0.07%	0.16%	0.07%
MXL	F	0.02%	0.03%	0.02%
MYGN	D	0.07%	0.06%	0.06%
NABL	F	0.01%	0.03%	0.01%
NATL	D	0.06%	0.32%	0.06%
NAVI	D	0.04%	0.34%	0.04%
NBHC	D	0.05%	0.04%	0.04%
NBTB	D	0.06%	0.05%	0.05%
NGVT	D	0.04%	0.12%	0.04%
NHC	D	0.05%	0.08%	0.05%
NPK	F	0.01%	0.02%	0.01%
NPO	C	0.1%	0.08%	0.08%
NSIT	C	0.21%	0.66%	0.21%
NTCT	C	0.04%	0.06%	0.04%
NVRI	D	0.01%	0.16%	0.01%
NWBI	D	0.05%	0.05%	0.05%
NWL	D	0.08%	0.55%	0.08%
NWN	B	0.04%	0.08%	0.04%
NX	F	0.03%	0.08%	0.03%
ODP	F	0.03%	0.53%	0.03%
OFG	D	0.06%	0.06%	0.06%
OGN	D	0.17%	0.43%	0.17%
OI	D	0.06%	0.5%	0.06%
OMCL	C	0.06%	0.08%	0.06%
OMI	F	0.03%	0.79%	0.03%
OSIS	B	0.07%	0.11%	0.07%
OTTR	F	0.1%	0.1%	0.1%
OUT	C	0.07%	0.14%	0.07%
OXM	F	0.04%	0.11%	0.04%
PBH	D	0.11%	0.08%	0.08%
PBI	C	0.04%	0.25%	0.04%
PCRX	F	0.01%	0.05%	0.01%
PDCO	F	0.05%	0.47%	0.05%
PEB	D	0.02%	0.11%	0.02%
PECO	C	0.07%	0.04%	0.04%
PENN	D	0.08%	0.44%	0.08%
PFS	D	0.07%	0.06%	0.06%
PHIN	D	0.06%	0.26%	0.06%
PINC	F	0.06%	0.1%	0.06%
PIPR	C	0.13%	0.11%	0.11%
PLXS	B	0.1%	0.31%	0.1%
PMT	B	0.04%	0.11%	0.04%
PPBI	D	0.07%	0.05%	0.05%
PRA	C	0.02%	0.09%	0.02%
PRAA	F	0.03%	0.07%	0.03%
PRG	C	0.06%	0.18%	0.06%
PRGS	B	0.07%	0.06%	0.06%
PRK	D	0.08%	0.04%	0.04%
PRLB	F	0.02%	0.04%	0.02%
PSMT	B	0.06%	0.35%	0.06%
PTEN	F	0.11%	0.38%	0.11%
PUMP	F	0.02%	0.11%	0.02%
PZZA	D	0.02%	0.16%	0.02%
RDN	D	0.16%	0.09%	0.09%
REZI	F	0.08%	0.47%	0.08%
RGR	F	0.02%	0.04%	0.02%
RHI	D	0.18%	0.46%	0.18%
RNST	D	0.06%	0.07%	0.06%
ROIC	B	0.05%	0.02%	0.02%
RUSHA	C	0.1%	0.59%	0.1%
RWT	C	0.03%	0.06%	0.03%
RXO	D	0.1%	0.29%	0.1%
SAFT	D	0.04%	0.07%	0.04%
SAH	D	0.02%	1.06%	0.02%
SANM	D	0.11%	0.56%	0.11%
SATS	C	0.06%	2.0%	0.06%
SBH	B	0.04%	0.28%	0.04%
SCHL	D	0.02%	0.12%	0.02%
SCL	D	0.05%	0.17%	0.05%
SCSC	D	0.03%	0.24%	0.03%
SEE	B	0.15%	0.43%	0.15%
SEM	D	0.11%	0.49%	0.11%
SFBS	D	0.06%	0.07%	0.06%
SFNC	C	0.07%	0.1%	0.07%
SHO	D	0.06%	0.07%	0.06%
SHOO	A	0.05%	0.16%	0.05%
SIG	C	0.1%	0.55%	0.1%
SKT	A	0.1%	0.04%	0.04%
SKYW	B	0.09%	0.25%	0.09%
SLG	C	0.13%	0.06%	0.06%
SM	F	0.08%	0.18%	0.08%
SNDR	C	0.03%	0.39%	0.03%
SPNT	D	0.04%	0.2%	0.04%
STBA	D	0.05%	0.04%	0.04%
STEP	A	0.05%	0.06%	0.05%
STRA	F	0.06%	0.08%	0.06%
SUPN	D	0.05%	0.04%	0.04%
SVC	F	0.02%	0.14%	0.02%
SWI	C	0.02%	0.06%	0.02%
SXI	B	0.06%	0.05%	0.05%
SXT	C	0.1%	0.11%	0.1%
TDS	B	0.06%	0.37%	0.06%
TGI	F	0.01%	0.09%	0.01%
TGNA	B	0.07%	0.23%	0.07%
THS	C	0.06%	0.24%	0.06%
TILE	B	0.02%	0.09%	0.02%
TMP	D	0.02%	0.02%	0.02%
TPH	B	0.12%	0.3%	0.12%
TRMK	D	0.05%	0.07%	0.05%
TRN	C	0.08%	0.25%	0.08%
TTMI	D	0.06%	0.17%	0.06%
UCBI	C	0.11%	0.1%	0.1%
UE	B	0.07%	0.03%	0.03%
UFCS	D	0.01%	0.08%	0.01%
UHT	C	0.0%	0.01%	0.0%
UNF	B	0.08%	0.17%	0.08%
UNFI	B	0.03%	2.35%	0.03%
UNIT	C	0.03%	0.09%	0.03%
URBN	F	0.07%	0.41%	0.07%
USNA	F	0.01%	0.06%	0.01%
UVV	C	0.04%	0.21%	0.04%
VFC	B	0.19%	0.77%	0.19%
VGR	C	0.06%	0.1%	0.06%
VIAV	C	0.06%	0.08%	0.06%
VIRT	C	0.08%	0.16%	0.08%
VRTS	F	0.04%	0.06%	0.04%
VSAT	F	0.05%	0.32%	0.05%
VSCO	C	0.05%	0.49%	0.05%
VSTO	D	0.03%	0.19%	0.03%
VSTS	D	0.05%	0.2%	0.05%
WABC	F	0.04%	0.02%	0.02%
WAFD	D	0.09%	0.09%	0.09%
WD	C	0.1%	0.08%	0.08%
WERN	D	0.07%	0.23%	0.07%
WNC	F	0.02%	0.16%	0.02%
WOR	F	0.04%	0.13%	0.04%
WRLD	D	0.01%	0.04%	0.01%
WS	D	0.04%	0.25%	0.04%
WSFS	D	0.1%	0.09%	0.09%
WWW	B	0.03%	0.16%	0.03%
XHR	C	0.02%	0.08%	0.02%
XRX	F	0.04%	0.47%	0.04%
ZD	D	0.07%	0.1%	0.07%
ZWS	A	0.13%	0.12%	0.12%

VBR Overweight 474 Positions Relative to RWJ

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%
KIM	C	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%
GLPI	B	0.39%
REG	B	0.39%
JBL	D	0.37%
JNPR	C	0.37%
TTEK	B	0.37%
JLL	B	0.36%
ALLE	A	0.36%
IPG	C	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%
PNW	A	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%
NNN	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%
BRX	B	0.24%
LAD	B	0.24%
X	F	0.23%
CR	C	0.23%
BWA	C	0.23%
CRUS	D	0.23%
DOC	B	0.23%
AYI	A	0.23%
AIT	A	0.23%
OGE	A	0.23%
SNX	C	0.23%
SEIC	B	0.23%
ADC	B	0.22%
STAG	D	0.22%
SSB	C	0.22%
GME	D	0.22%
BPOP	D	0.22%
NI	A	0.22%
AGNC	C	0.22%
CBSH	D	0.22%
BERY	C	0.22%
FR	C	0.22%
ANF	D	0.22%
DTM	A	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	C	0.21%
OSK	F	0.21%
G	A	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%
BBWI	F	0.2%
RRC	D	0.2%
AAL	D	0.2%
JAZZ	F	0.2%
ONB	D	0.19%
XPO	F	0.19%
SNV	D	0.19%
EVRG	B	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%
STWD	C	0.18%
LPX	A	0.18%
RL	B	0.18%
FAF	B	0.18%
AN	B	0.17%
BECN	F	0.17%
AA	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%
NXST	D	0.16%
BC	C	0.16%
UGI	C	0.16%
TKR	B	0.16%
GBCI	D	0.16%
FNB	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%
GAP	F	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%
SON	D	0.16%
PARA	F	0.16%
PVH	F	0.16%
SUM	D	0.15%
SWX	C	0.15%
POR	B	0.15%
AVT	B	0.15%
AM	A	0.15%
GATX	D	0.15%
HOMB	D	0.15%
IDA	B	0.15%
OLN	D	0.15%
MDU	C	0.15%
CTLT	B	0.15%
XRAY	D	0.15%
UBSI	D	0.15%
COLB	C	0.15%
HWC	D	0.14%
BCO	A	0.14%
THG	A	0.14%
JHG	C	0.14%
SLM	C	0.14%
OZK	F	0.14%
KRC	C	0.13%
ASH	F	0.13%
M	F	0.13%
CUZ	C	0.13%
BDC	B	0.13%
FLO	C	0.13%
FFIN	D	0.13%
KNF	C	0.13%
MDGL	F	0.13%
AVNT	B	0.13%
WTM	D	0.13%
HOG	C	0.13%
PII	D	0.13%
NJR	C	0.13%
PSN	A	0.13%
RYN	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%
CNX	A	0.12%
UMBF	C	0.12%
ENS	C	0.12%
BKH	B	0.12%
WU	D	0.12%
CPRI	C	0.12%
SLGN	A	0.12%
ASGN	D	0.12%
CNXC	F	0.12%
PR	F	0.12%
AUR	C	0.12%
CNO	C	0.11%
EPR	C	0.11%
MTZ	C	0.11%
TEX	F	0.11%
HUN	B	0.11%
AMKR	F	0.11%
PNFP	D	0.11%
ALE	A	0.11%
PNM	B	0.11%
MSM	D	0.11%
VLY	C	0.11%
MIDD	D	0.11%
KMPR	D	0.11%
NCLH	C	0.11%
OGS	A	0.11%
COTY	F	0.1%
NUVL	B	0.1%
ASB	F	0.1%
EBC	D	0.1%
NWE	A	0.1%
SR	A	0.1%
NHI	C	0.1%
NSP	F	0.1%
ATKR	F	0.1%
PAG	D	0.1%
PBF	F	0.1%
BNL	B	0.1%
PCH	C	0.1%
MAN	D	0.1%
HL	C	0.1%
IBOC	D	0.1%
CC	D	0.09%
IOVA	F	0.09%
WEN	C	0.09%
TNL	B	0.09%
SMG	B	0.09%
PK	D	0.09%
ALIT	D	0.09%
TCBI	C	0.09%
NVST	D	0.09%
AMED	D	0.09%
SYNA	F	0.09%
ENOV	F	0.08%
RNG	F	0.08%
SPB	B	0.08%
LSXMK	C	0.08%
MGRC	D	0.08%
TDC	D	0.08%
PFSI	C	0.08%
FHI	C	0.08%
FIBK	D	0.08%
WLK	B	0.08%
POST	B	0.08%
ADTN	C	0.08%
BHF	F	0.08%
CACC	F	0.08%
PRIM	C	0.08%
LAUR	C	0.07%
TOWN	D	0.07%
CRI	D	0.07%
FRME	D	0.07%
VAC	D	0.07%
BOKF	D	0.07%
GHC	B	0.07%
GT	F	0.07%
VSH	F	0.07%
COMP	C	0.07%
AZTA	F	0.07%
HURN	C	0.06%
GOLF	F	0.06%
IVT	B	0.06%
ZG	C	0.06%
LITE	C	0.06%
JOBY	F	0.06%
WLY	A	0.06%
MIR	B	0.06%
IMVT	F	0.06%
SPR	D	0.06%
EQC	D	0.06%
BLKB	C	0.06%
JWN	D	0.06%
CDE	C	0.06%
REVG	D	0.05%
INFA	D	0.05%
TROX	D	0.05%
REYN	C	0.05%
PPC	A	0.05%
CRGY	D	0.05%
NMRK	B	0.05%
WSBC	D	0.05%
VRNT	F	0.05%
IPGP	D	0.05%
EDR	A	0.05%
SCS	D	0.04%
AMRX	A	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
INSW	C	0.04%
JELD	D	0.04%
VCTR	C	0.04%
DK	F	0.04%
MSGE	B	0.04%
LC	D	0.04%
BKD	D	0.04%
CAR	D	0.04%
PWSC	C	0.04%
CODI	D	0.04%
LADR	D	0.04%
ESRT	C	0.04%
UA	B	0.04%
UAA	B	0.04%
RRR	D	0.04%
HEES	D	0.04%
GEF	C	0.04%
DNUT	D	0.03%
CGON	C	0.03%
FG	C	0.03%
NNI	C	0.03%
LGF.A	F	0.03%
LEVI	B	0.03%
BV	B	0.03%
RBRK	F	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	D	0.03%
FA	A	0.03%
RKLB	B	0.03%
HTLF	C	0.03%
DDS	D	0.03%
TRS	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%
ACT	C	0.03%
HE	F	0.03%
FOR	D	0.02%
SMR	C	0.02%
CNDT	B	0.02%
HY	F	0.02%
BMBL	F	0.02%
UHAL	A	0.02%
SMMT	D	0.02%
AMC	F	0.02%
USM	C	0.02%
HLIO	C	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
HLF	F	0.02%
BRSP	D	0.02%
MEI	D	0.01%
PACB	F	0.01%
RDUS	D	0.01%
OPK	D	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%
SRCL	B	0.01%
TRTX	D	0.01%
EE	A	0.01%
AMCX	F	0.01%
RUSHB	C	0.01%
SWBI	F	0.01%
NAPA	F	0.01%
CMP	D	0.01%
RMR	B	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	C	0.01%
GRC	B	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%
DIN	D	0.01%
CLBK	F	0.01%
LGF.A	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%
DBI	F	0.0%
GEF	C	0.0%
LDI	C	0.0%

VBR Underweight 256 Positions Relative to RWJ

Symbol	Grade	Weight
ADNT	D	-1.23%
SPTN	B	-0.69%
PARR	F	-0.6%
ATI	B	-0.33%
LBRT	F	-0.32%
EXPI	C	-0.32%
MODG	F	-0.32%
MHO	A	-0.31%
SLVM	C	-0.29%
CCS	C	-0.29%
AMR	F	-0.28%
LCII	B	-0.28%
ENSG	D	-0.27%
MYRG	F	-0.27%
CHEF	B	-0.27%
PATK	B	-0.27%
SABR	C	-0.25%
AHCO	B	-0.24%
ALGT	D	-0.23%
IBP	C	-0.23%
GPRE	F	-0.22%
CRS	B	-0.22%
WGO	D	-0.22%
NBR	F	-0.21%
OII	D	-0.2%
ETSY	F	-0.2%
CNXN	C	-0.2%
HZO	C	-0.19%
KLG	D	-0.19%
CEIX	B	-0.18%
ITRI	C	-0.18%
ENVA	C	-0.18%
CENX	C	-0.18%
CALM	A	-0.18%
PLUS	C	-0.17%
UCTT	D	-0.16%
FELE	B	-0.16%
SXC	F	-0.16%
LGIH	C	-0.16%
PLAY	D	-0.16%
STC	C	-0.16%
CLW	F	-0.15%
SNEX	C	-0.14%
FSS	B	-0.14%
DORM	C	-0.14%
NOG	D	-0.14%
KWR	D	-0.14%
RUN	D	-0.14%
TRIP	F	-0.14%
GRBK	B	-0.14%
RDNT	C	-0.13%
SEDG	F	-0.13%
DXPE	B	-0.13%
TWI	D	-0.13%
JBT	B	-0.13%
BOOT	B	-0.13%
CVCO	A	-0.13%
FTDR	C	-0.13%
TALO	F	-0.12%
SONO	D	-0.12%
PRVA	F	-0.12%
JJSF	A	-0.12%
ASTH	B	-0.12%
ASIX	B	-0.12%
ALG	D	-0.12%
CCRN	F	-0.11%
THRM	F	-0.11%
IPAR	D	-0.11%
ALKS	C	-0.11%
CRK	C	-0.11%
CRSR	D	-0.11%
ACIW	A	-0.11%
HLX	D	-0.11%
RES	D	-0.11%
GDOT	C	-0.11%
AEIS	D	-0.11%
DIOD	F	-0.1%
CUBI	F	-0.1%
VVI	C	-0.1%
AWI	A	-0.1%
SMP	D	-0.1%
ROCK	D	-0.1%
PJT	C	-0.1%
YELP	F	-0.1%
VTOL	D	-0.1%
FOXF	F	-0.1%
SHAK	C	-0.09%
POWL	A	-0.09%
BANC	C	-0.09%
FIZZ	C	-0.09%
CNMD	D	-0.09%
TDW	F	-0.09%
SGH	F	-0.09%
MTUS	F	-0.09%
SMPL	D	-0.09%
LESL	F	-0.09%
ENV	C	-0.09%
SCVL	C	-0.09%
TNC	F	-0.09%
MGY	C	-0.09%
MMSI	C	-0.09%
MRTN	D	-0.08%
HSII	B	-0.08%
TRUP	D	-0.08%
JBSS	F	-0.08%
SNCY	D	-0.08%
CNSL	A	-0.08%
EZPW	D	-0.08%
ADUS	C	-0.08%
CCOI	B	-0.08%
EXTR	D	-0.08%
ACLS	F	-0.08%
RC	F	-0.08%
WHD	B	-0.08%
ALRM	F	-0.07%
ROG	D	-0.07%
SMTC	C	-0.07%
PLAB	D	-0.07%
NVEE	F	-0.07%
SSTK	F	-0.07%
WOLF	F	-0.07%
BCPC	C	-0.07%
CWT	D	-0.07%
HWKN	A	-0.07%
MCW	F	-0.07%
CALX	C	-0.07%
PAHC	C	-0.07%
BOX	C	-0.07%
MSGS	B	-0.07%
TNDM	D	-0.06%
AVAV	B	-0.06%
PGNY	F	-0.06%
KLIC	D	-0.06%
BMI	A	-0.06%
GDEN	D	-0.06%
VBTX	C	-0.06%
MRCY	C	-0.06%
THRY	F	-0.06%
MYE	F	-0.06%
VRRM	D	-0.06%
CRVL	C	-0.06%
ICHR	F	-0.06%
PRFT	A	-0.06%
CARG	C	-0.06%
CSWI	B	-0.06%
LNN	B	-0.05%
RAMP	F	-0.05%
AOSL	D	-0.05%
CORT	B	-0.05%
MOV	F	-0.05%
HRMY	B	-0.05%
BL	D	-0.05%
PRDO	D	-0.05%
ETD	B	-0.05%
AHH	F	-0.05%
SJW	D	-0.05%
TBBK	C	-0.05%
INSP	C	-0.05%
TR	D	-0.05%
AMPH	C	-0.05%
CPK	B	-0.05%
DCOM	C	-0.05%
FORM	F	-0.05%
DOCN	C	-0.05%
YOU	C	-0.05%
CASH	D	-0.05%
VECO	F	-0.05%
CXM	F	-0.05%
REX	D	-0.05%
FBK	D	-0.05%
HCI	C	-0.05%
DFIN	D	-0.05%
SBCF	D	-0.05%
MGPI	D	-0.05%
UTL	C	-0.04%
CNS	C	-0.04%
ARLO	F	-0.04%
PFBC	D	-0.04%
COHU	F	-0.04%
CTS	D	-0.04%
KW	C	-0.04%
MCRI	B	-0.04%
IIIN	F	-0.04%
ANIP	D	-0.04%
FBNC	D	-0.04%
LPG	F	-0.04%
NEO	F	-0.04%
WDFC	C	-0.04%
SPSC	D	-0.04%
COLL	B	-0.04%
HLIT	C	-0.04%
EPAC	C	-0.04%
DV	F	-0.04%
MARA	F	-0.04%
QNST	C	-0.04%
HAYN	B	-0.04%
NMIH	C	-0.04%
USPH	F	-0.04%
CPF	C	-0.03%
IRWD	F	-0.03%
ADMA	B	-0.03%
PI	B	-0.03%
STAA	D	-0.03%
JOE	D	-0.03%
CERT	F	-0.03%
EFC	D	-0.03%
GOGO	F	-0.03%
PTGX	C	-0.03%
XPEL	D	-0.03%
HAFC	D	-0.03%
LKFN	D	-0.03%
EPRT	C	-0.03%
SBSI	D	-0.03%
CPRX	C	-0.03%
UFPT	D	-0.03%
VICR	C	-0.03%
DGII	D	-0.03%
PLMR	D	-0.03%
CHUY	B	-0.03%
BSIG	C	-0.03%
NARI	F	-0.03%
LMAT	B	-0.02%
RCUS	F	-0.02%
CTKB	F	-0.02%
TTGT	F	-0.02%
MLAB	B	-0.02%
MP	C	-0.02%
DVAX	D	-0.02%
TRST	D	-0.02%
FCPT	C	-0.02%
NXRT	D	-0.02%
AGYS	D	-0.02%
ATEN	C	-0.02%
FLGT	F	-0.02%
GSHD	B	-0.02%
SHEN	F	-0.02%
HSTM	B	-0.02%
DEA	D	-0.02%
HFWA	D	-0.02%
AMSF	B	-0.02%
IIPR	C	-0.02%
LQDT	C	-0.02%
GKOS	C	-0.02%
TGTX	C	-0.02%
VIR	F	-0.01%
RGNX	F	-0.01%
CEVA	B	-0.01%
BLFS	D	-0.01%
XNCR	D	-0.01%
WSR	B	-0.01%
MSEX	C	-0.01%
PDFS	F	-0.01%
SDGR	F	-0.01%
SITM	B	-0.01%
VCEL	F	-0.01%
SLP	F	-0.0%