VBR vs. SIXL ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to 6 Meridian Low Beta Equity Strategy ETF (SIXL)

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

$197.02

Average Daily Volume

429,197

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

SIXL

6 Meridian Low Beta Equity Strategy ETF

SIXL Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which it invests are mainly common stocks. The fund may invest in equity securities of companies of any capitalization. It also may invest in real estate investment trusts (REITs).

Grade (RS Rating)

Last Trade

$37.28

Average Daily Volume

3,538

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	VBR	SIXL
30 Days	0.40%	-0.12%
60 Days	5.89%	3.52%
90 Days	9.73%	9.28%
12 Months	31.22%	23.74%

94 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in SIXL	Overlap
ADC	B	0.22%	0.41%	0.22%
AFG	C	0.28%	0.41%	0.28%
AGO	B	0.12%	0.42%	0.12%
ALE	A	0.11%	0.41%	0.11%
AM	A	0.15%	0.43%	0.15%
AMBC	F	0.01%	0.43%	0.01%
AMED	D	0.09%	0.41%	0.09%
ARMK	A	0.28%	0.42%	0.28%
ATGE	D	0.08%	0.44%	0.08%
ATO	A	0.54%	0.43%	0.43%
ATR	A	0.3%	0.42%	0.3%
AVA	D	0.09%	0.41%	0.09%
AWR	A	0.09%	0.42%	0.09%
BG	F	0.42%	0.39%	0.39%
BGC	C	0.11%	0.4%	0.11%
BJ	D	0.31%	0.44%	0.31%
BRC	C	0.09%	0.43%	0.09%
CACI	A	0.32%	0.43%	0.32%
CCK	C	0.32%	0.43%	0.32%
CHK	D	0.27%	0.45%	0.27%
CHRD	F	0.26%	0.41%	0.26%
CPRI	B	0.12%	0.45%	0.12%
CVI	F	0.03%	0.4%	0.03%
CXW	F	0.04%	0.4%	0.04%
DTM	A	0.22%	0.43%	0.22%
EHC	B	0.28%	0.43%	0.28%
EIG	B	0.04%	0.41%	0.04%
EPC	F	0.06%	0.39%	0.06%
EVRG	C	0.19%	0.42%	0.19%
FCN	C	0.24%	0.43%	0.24%
FDP	C	0.03%	0.41%	0.03%
FHI	C	0.08%	0.45%	0.08%
FLO	D	0.13%	0.4%	0.13%
GLPI	A	0.39%	0.4%	0.39%
GTY	C	0.05%	0.41%	0.05%
HMN	B	0.04%	0.42%	0.04%
HRB	C	0.26%	0.41%	0.26%
INGR	A	0.26%	0.41%	0.26%
INVA	B	0.03%	0.41%	0.03%
ITGR	C	0.13%	0.41%	0.13%
JAZZ	F	0.2%	0.41%	0.2%
JNPR	B	0.37%	0.41%	0.37%
KBR	C	0.27%	0.43%	0.27%
KELYA	D	0.02%	0.42%	0.02%
LRN	C	0.05%	0.44%	0.05%
LTC	D	0.05%	0.41%	0.05%
MCY	B	0.05%	0.42%	0.05%
MGEE	C	0.09%	0.43%	0.09%
MSA	F	0.2%	0.44%	0.2%
MUSA	D	0.28%	0.39%	0.28%
NABL	F	0.01%	0.42%	0.01%
NFG	A	0.16%	0.42%	0.16%
NHC	D	0.05%	0.4%	0.05%
NJR	C	0.13%	0.42%	0.13%
NNN	A	0.25%	0.41%	0.25%
NPK	F	0.01%	0.41%	0.01%
NWE	B	0.1%	0.43%	0.1%
NWN	C	0.04%	0.42%	0.04%
NYT	A	0.25%	0.43%	0.25%
OGE	A	0.23%	0.42%	0.23%
OHI	C	0.29%	0.42%	0.29%
ORI	B	0.26%	0.41%	0.26%
PBH	D	0.11%	0.39%	0.11%
PDCO	F	0.05%	0.42%	0.05%
PECO	C	0.07%	0.42%	0.07%
PINC	F	0.06%	0.38%	0.06%
PNW	A	0.29%	0.42%	0.29%
POST	C	0.08%	0.41%	0.08%
PPC	B	0.05%	0.39%	0.05%
PRGS	B	0.07%	0.45%	0.07%
PRI	A	0.27%	0.42%	0.27%
RGA	C	0.43%	0.42%	0.42%
RGR	F	0.02%	0.42%	0.02%
RHI	D	0.18%	0.45%	0.18%
RLI	A	0.2%	0.41%	0.2%
RNR	A	0.4%	0.42%	0.4%
SAFT	D	0.04%	0.4%	0.04%
SFM	A	0.31%	0.46%	0.31%
SIGI	D	0.16%	0.42%	0.16%
SNDR	C	0.03%	0.43%	0.03%
SPNT	D	0.04%	0.42%	0.04%
STRA	F	0.06%	0.41%	0.06%
SUPN	D	0.05%	0.36%	0.05%
THG	C	0.14%	0.42%	0.14%
THS	C	0.06%	0.4%	0.06%
UFCS	D	0.01%	0.42%	0.01%
UNM	A	0.26%	0.44%	0.26%
UTHR	C	0.47%	0.43%	0.43%
UVV	D	0.04%	0.41%	0.04%
VIRT	B	0.08%	0.4%	0.08%
WEN	D	0.09%	0.42%	0.09%
WTRG	D	0.28%	0.4%	0.28%
WU	D	0.12%	0.4%	0.12%
X	F	0.23%	0.5%	0.23%

VBR Overweight 701 Positions Relative to SIXL

Symbol	Grade	Weight
SW	C	0.72%
FCNCA	D	0.65%
BLDR	B	0.62%
BAH	A	0.6%
CSL	A	0.59%
EME	C	0.54%
NRG	A	0.52%
THC	C	0.48%
RS	D	0.48%
IEX	D	0.46%
KIM	C	0.46%
RPM	A	0.44%
TOL	A	0.44%
USFD	C	0.43%
OC	C	0.43%
PNR	C	0.43%
EQH	C	0.41%
UHS	D	0.4%
ACM	C	0.4%
WSM	B	0.4%
KMX	F	0.39%
CPT	C	0.39%
REG	C	0.39%
JBL	D	0.37%
TTEK	B	0.37%
JLL	B	0.36%
ALLE	A	0.36%
IPG	C	0.36%
ALLY	F	0.35%
FFIV	B	0.35%
BRO	A	0.35%
EMN	C	0.35%
OVV	F	0.34%
ITT	B	0.34%
CHRW	A	0.34%
TFX	C	0.34%
PFGC	A	0.34%
EWBC	D	0.34%
HII	F	0.33%
RRX	C	0.33%
RIVN	F	0.33%
NVT	D	0.33%
HUBB	A	0.32%
SCI	C	0.32%
APA	F	0.31%
BXP	C	0.31%
LDOS	A	0.31%
AIZ	A	0.3%
CG	C	0.28%
TPR	B	0.28%
DKS	D	0.28%
FRT	D	0.28%
TAP	D	0.28%
GL	C	0.28%
HSIC	D	0.27%
FHN	D	0.27%
MOS	D	0.27%
GPK	C	0.27%
Z	C	0.26%
DCI	B	0.26%
APG	F	0.26%
SOLV	C	0.26%
JEF	A	0.26%
STLD	B	0.26%
EGP	D	0.26%
HAS	A	0.26%
WCC	C	0.25%
MHK	B	0.25%
EVR	C	0.25%
WAL	C	0.25%
FLR	D	0.25%
SF	A	0.25%
MKSI	F	0.24%
DINO	F	0.24%
KNX	D	0.24%
AXTA	C	0.24%
FMC	B	0.24%
ALSN	A	0.24%
WBS	D	0.24%
BRX	C	0.24%
LAD	C	0.24%
CR	B	0.23%
BWA	B	0.23%
CRUS	D	0.23%
DOC	C	0.23%
AYI	A	0.23%
MLI	C	0.23%
AIT	B	0.23%
SNX	C	0.23%
SEIC	B	0.23%
STAG	D	0.22%
SSB	C	0.22%
GME	F	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	F	0.22%
CMA	C	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	D	0.21%
OSK	F	0.21%
G	A	0.21%
NSIT	B	0.21%
VOYA	A	0.21%
UFPI	C	0.21%
FYBR	C	0.21%
ARW	C	0.21%
ACHC	F	0.21%
WTFC	D	0.21%
DVA	C	0.21%
IVZ	A	0.21%
ZION	D	0.21%
SAIC	A	0.2%
PB	D	0.2%
BIO	B	0.2%
TMHC	C	0.2%
MTG	B	0.2%
ACI	F	0.2%
MTH	C	0.2%
JXN	A	0.2%
BBWI	F	0.2%
RRC	D	0.2%
AAL	D	0.2%
ONB	D	0.19%
XPO	F	0.19%
VFC	B	0.19%
SNV	D	0.19%
CFR	D	0.19%
ESNT	C	0.19%
MAT	D	0.19%
FLS	A	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	D	0.18%
CLF	D	0.18%
STWD	C	0.18%
LPX	A	0.18%
RL	B	0.18%
FAF	B	0.18%
MOG.A	A	0.17%
AN	C	0.17%
OGN	F	0.17%
BECN	F	0.17%
AA	B	0.17%
COOP	B	0.17%
VMI	B	0.17%
AGCO	D	0.17%
SJM	C	0.17%
CBT	B	0.17%
ST	F	0.17%
ESI	B	0.17%
VNO	A	0.17%
CADE	D	0.17%
OMF	F	0.17%
COHR	B	0.17%
LUMN	C	0.16%
NXST	D	0.16%
BC	D	0.16%
UGI	C	0.16%
BCC	C	0.16%
TKR	D	0.16%
GBCI	C	0.16%
FNB	D	0.16%
WTS	C	0.16%
KBH	C	0.16%
MUR	F	0.16%
VNT	F	0.16%
THO	B	0.16%
VVV	D	0.16%
RDN	D	0.16%
GAP	F	0.16%
LNC	D	0.16%
KD	F	0.16%
WHR	B	0.16%
SRCL	B	0.16%
LAMR	C	0.16%
EPAM	F	0.16%
AMG	B	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%
ABG	D	0.15%
POR	C	0.15%
AVT	C	0.15%
GATX	F	0.15%
HOMB	D	0.15%
SEE	C	0.15%
IDA	C	0.15%
OLN	D	0.15%
MDU	C	0.15%
CTLT	A	0.15%
XRAY	D	0.15%
UBSI	D	0.15%
COLB	C	0.15%
HWC	D	0.14%
FUL	F	0.14%
BCO	C	0.14%
JHG	C	0.14%
GPI	C	0.14%
SLM	C	0.14%
AL	D	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%
SLG	C	0.13%
FFIN	D	0.13%
ACA	C	0.13%
KNF	C	0.13%
MDGL	F	0.13%
AVNT	C	0.13%
ZWS	A	0.13%
MATX	C	0.13%
WTM	D	0.13%
HOG	D	0.13%
PII	D	0.13%
PSN	A	0.13%
RYN	C	0.13%
ALK	B	0.13%
PIPR	B	0.13%
LYFT	D	0.12%
SBRA	C	0.12%
PRGO	F	0.12%
TPG	B	0.12%
ESGR	D	0.12%
AR	B	0.12%
DNB	D	0.12%
TPH	C	0.12%
CNX	A	0.12%
UMBF	C	0.12%
ABCB	C	0.12%
ENS	D	0.12%
BKH	C	0.12%
ASO	D	0.12%
GTES	C	0.12%
KTB	B	0.12%
SLGN	C	0.12%
ASGN	D	0.12%
CNXC	F	0.12%
PR	F	0.12%
AUR	C	0.12%
CRC	B	0.11%
CNO	C	0.11%
EPR	C	0.11%
MTZ	B	0.11%
TEX	F	0.11%
ABM	D	0.11%
HUN	B	0.11%
UCBI	B	0.11%
AEO	B	0.11%
AMKR	F	0.11%
PNFP	D	0.11%
SANM	D	0.11%
HASI	C	0.11%
PNM	B	0.11%
DXC	D	0.11%
PTEN	F	0.11%
MSM	D	0.11%
SEM	D	0.11%
VLY	C	0.11%
MIDD	D	0.11%
KFY	C	0.11%
IAC	C	0.11%
KMPR	D	0.11%
ICUI	B	0.11%
NCLH	C	0.11%
OGS	C	0.11%
COTY	F	0.1%
RUSHA	D	0.1%
NUVL	B	0.1%
ASB	F	0.1%
WSFS	D	0.1%
EBC	D	0.1%
SXT	C	0.1%
GVA	A	0.1%
SKT	A	0.1%
SR	C	0.1%
RXO	D	0.1%
NHI	C	0.1%
AX	D	0.1%
NSP	F	0.1%
NPO	C	0.1%
FBP	D	0.1%
ATKR	F	0.1%
PAG	D	0.1%
HIW	C	0.1%
WD	C	0.1%
PBF	F	0.1%
MAC	C	0.1%
BNL	C	0.1%
PCH	C	0.1%
GMS	C	0.1%
PLXS	B	0.1%
FULT	D	0.1%
MAN	D	0.1%
HL	C	0.1%
IBOC	D	0.1%
OTTR	F	0.1%
AUB	D	0.1%
SIG	C	0.1%
CC	D	0.09%
LXP	D	0.09%
IOVA	F	0.09%
FL	F	0.09%
AIN	F	0.09%
GFF	C	0.09%
SKYW	B	0.09%
WAFD	D	0.09%
TNL	B	0.09%
CNK	C	0.09%
SMG	A	0.09%
CATY	D	0.09%
GNW	C	0.09%
PK	D	0.09%
ALIT	D	0.09%
ESE	B	0.09%
FHB	D	0.09%
TCBI	C	0.09%
NVST	D	0.09%
APLE	D	0.09%
EAT	A	0.09%
HCC	B	0.09%
AROC	B	0.09%
SYNA	D	0.09%
CBU	D	0.09%
INDB	D	0.08%
PRK	D	0.08%
ENOV	F	0.08%
RNG	F	0.08%
SPB	C	0.08%
LSXMK	D	0.08%
SM	F	0.08%
BOH	D	0.08%
MGRC	D	0.08%
DEI	A	0.08%
MPW	C	0.08%
AAP	F	0.08%
TRN	C	0.08%
TDC	D	0.08%
PFSI	C	0.08%
FIBK	D	0.08%
APAM	C	0.08%
HUBG	D	0.08%
REZI	D	0.08%
NWL	D	0.08%
BTU	B	0.08%
WLK	C	0.08%
ADTN	B	0.08%
CWK	C	0.08%
PENN	D	0.08%
BHF	F	0.08%
CACC	F	0.08%
UNF	A	0.08%
BKU	D	0.08%
IOSP	F	0.08%
PRIM	C	0.08%
AIR	D	0.07%
WERN	D	0.07%
ZD	D	0.07%
LAUR	C	0.07%
TOWN	D	0.07%
CRI	D	0.07%
FRME	D	0.07%
HI	F	0.07%
AKR	C	0.07%
ENR	B	0.07%
VAC	D	0.07%
MC	C	0.07%
AZZ	C	0.07%
TGNA	B	0.07%
PFS	D	0.07%
ARCH	D	0.07%
ARCB	D	0.07%
BOKF	D	0.07%
URBN	F	0.07%
CWEN	C	0.07%
FFBC	D	0.07%
MTRN	F	0.07%
OUT	C	0.07%
HNI	B	0.07%
OSIS	B	0.07%
DY	C	0.07%
MYGN	D	0.07%
ABR	C	0.07%
CVBF	B	0.07%
PPBI	F	0.07%
GHC	B	0.07%
MTX	B	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	C	0.07%
VSH	F	0.07%
BXMT	C	0.07%
COMP	C	0.07%
AZTA	F	0.07%
SFNC	C	0.07%
KAR	D	0.06%
TTMI	D	0.06%
HURN	D	0.06%
GOLF	F	0.06%
IVT	C	0.06%
ZG	C	0.06%
PRG	C	0.06%
VIAV	B	0.06%
B	C	0.06%
BANF	D	0.06%
LITE	A	0.06%
JOBY	D	0.06%
OI	D	0.06%
GNL	D	0.06%
WLY	A	0.06%
SFBS	D	0.06%
VGR	B	0.06%
AMN	F	0.06%
MIR	B	0.06%
IMVT	F	0.06%
KMT	C	0.06%
KSS	D	0.06%
OMCL	C	0.06%
IBTX	D	0.06%
SPR	D	0.06%
BANR	C	0.06%
FTRE	F	0.06%
NATL	D	0.06%
EQC	D	0.06%
HAYW	B	0.06%
RNST	D	0.06%
MLKN	F	0.06%
SXI	C	0.06%
HBI	B	0.06%
CTRE	B	0.06%
SHO	D	0.06%
TDS	B	0.06%
BLKB	C	0.06%
OFG	D	0.06%
JWN	D	0.06%
PHIN	C	0.06%
NBTB	D	0.06%
PSMT	B	0.06%
CDE	C	0.06%
EVTC	D	0.06%
SATS	C	0.06%
STBA	D	0.05%
REVG	D	0.05%
SHOO	A	0.05%
KN	C	0.05%
INFA	D	0.05%
JBGS	C	0.05%
LEG	D	0.05%
STEP	A	0.05%
JBLU	B	0.05%
ANDE	D	0.05%
TROX	D	0.05%
REYN	D	0.05%
NBHC	D	0.05%
SCL	D	0.05%
CHCO	D	0.05%
FCF	D	0.05%
GO	F	0.05%
CRGY	B	0.05%
CENTA	F	0.05%
LZB	C	0.05%
IDCC	A	0.05%
DRH	C	0.05%
NWBI	D	0.05%
NMRK	A	0.05%
VSAT	F	0.05%
GEO	F	0.05%
CAKE	A	0.05%
LGND	D	0.05%
WSBC	D	0.05%
TRMK	D	0.05%
VSCO	C	0.05%
VRNT	F	0.05%
VSTS	D	0.05%
ROIC	C	0.05%
IPGP	D	0.05%
EDR	A	0.05%
BHLB	D	0.04%
SCS	D	0.04%
PBI	C	0.04%
AMRX	B	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
INSW	B	0.04%
JELD	D	0.04%
PMT	C	0.04%
VCTR	B	0.04%
DK	F	0.04%
AAT	C	0.04%
WS	D	0.04%
XRX	D	0.04%
MSGE	A	0.04%
HELE	D	0.04%
BKE	D	0.04%
LC	B	0.04%
OXM	F	0.04%
BKD	D	0.04%
WABC	F	0.04%
CAR	D	0.04%
PWSC	C	0.04%
NAVI	D	0.04%
SBH	C	0.04%
CODI	D	0.04%
IART	F	0.04%
CSGS	C	0.04%
WOR	F	0.04%
DNOW	F	0.04%
LADR	D	0.04%
ESRT	C	0.04%
UA	B	0.04%
VRTS	F	0.04%
GBX	C	0.04%
NGVT	D	0.04%
ALEX	D	0.04%
HP	F	0.04%
UAA	B	0.04%
BHE	C	0.04%
NTCT	B	0.04%
HOPE	D	0.04%
DAN	D	0.04%
RRR	D	0.04%
APOG	B	0.04%
HEES	D	0.04%
HTH	D	0.04%
ARI	F	0.04%
BLMN	F	0.04%
GEF	D	0.04%
UNFI	B	0.03%
DNUT	D	0.03%
BDN	A	0.03%
CGON	C	0.03%
BRKL	D	0.03%
FG	B	0.03%
PRAA	F	0.03%
CBRL	D	0.03%
NNI	C	0.03%
LGF.A	F	0.03%
LEVI	B	0.03%
BV	B	0.03%
DLX	F	0.03%
MD	B	0.03%
NX	F	0.03%
MMI	C	0.03%
CWEN	C	0.03%
RBRK	F	0.03%
EMBC	F	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	F	0.03%
FA	A	0.03%
MATV	F	0.03%
UNIT	B	0.03%
RWT	C	0.03%
RKLB	B	0.03%
GIII	C	0.03%
HTLF	C	0.03%
DDS	D	0.03%
TRS	D	0.03%
WWW	A	0.03%
ODP	F	0.03%
VSTO	D	0.03%
ATSG	B	0.03%
THR	F	0.03%
MRC	D	0.03%
CNNE	F	0.03%
DBRG	D	0.03%
WMK	D	0.03%
AVNS	D	0.03%
CSR	D	0.03%
ACT	C	0.03%
CARS	F	0.03%
ECPG	F	0.03%
OMI	F	0.03%
SCSC	D	0.03%
KALU	D	0.03%
HE	F	0.03%
TILE	C	0.02%
HTLD	F	0.02%
FOR	D	0.02%
MXL	F	0.02%
KREF	C	0.02%
SMR	B	0.02%
CNDT	B	0.02%
GES	F	0.02%
SCHL	F	0.02%
HY	F	0.02%
BGS	D	0.02%
BMBL	F	0.02%
UHAL	A	0.02%
SWI	C	0.02%
CFFN	D	0.02%
SMMT	D	0.02%
PRA	B	0.02%
CAL	F	0.02%
TMP	D	0.02%
AMC	F	0.02%
AMWD	B	0.02%
AXL	F	0.02%
HAIN	B	0.02%
USM	C	0.02%
PUMP	F	0.02%
XHR	B	0.02%
HPP	F	0.02%
HLIO	B	0.02%
MATW	F	0.02%
BASE	F	0.02%
SEB	D	0.02%
ECVT	F	0.02%
ASTE	F	0.02%
MNRO	B	0.02%
PRLB	F	0.02%
HLF	F	0.02%
SVC	F	0.02%
BRSP	D	0.02%
PZZA	D	0.02%
CABO	F	0.02%
KOP	F	0.02%
PEB	D	0.02%
HCSG	D	0.02%
SAH	D	0.02%
EYE	F	0.02%
WNC	F	0.02%
MEI	D	0.01%
PACB	F	0.01%
RDUS	D	0.01%
OPK	D	0.01%
OLPX	C	0.01%
WOOF	A	0.01%
BRCC	F	0.01%
ALX	C	0.01%
ZIP	D	0.01%
KRO	B	0.01%
DJT	F	0.01%
CRCT	C	0.01%
TGI	F	0.01%
SRCL	B	0.01%
TRTX	D	0.01%
EE	A	0.01%
AMCX	F	0.01%
EGBN	B	0.01%
RUSHB	D	0.01%
SWBI	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
BJRI	D	0.01%
WRLD	D	0.01%
PCRX	F	0.01%
INN	A	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	B	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	B	0.01%
GRC	B	0.01%
NUS	F	0.01%
PTVE	D	0.01%
UDMY	F	0.01%
DAWN	D	0.01%
TWKS	B	0.01%
CCO	D	0.01%
CWH	C	0.01%
GCMG	A	0.01%
CLB	D	0.01%
DIN	D	0.01%
USNA	F	0.01%
CLBK	F	0.01%
JACK	F	0.01%
NVRI	D	0.01%
LGF.A	F	0.01%
BFS	A	0.01%
VREX	F	0.01%
SSP	F	0.0%
SCWX	B	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%
UHT	C	0.0%
DBI	F	0.0%
GEF	D	0.0%
LDI	C	0.0%

VBR Underweight 145 Positions Relative to SIXL

Symbol	Grade	Weight
MASI	B	-0.49%
OLLI	C	-0.47%
BWXT	A	-0.46%
MANH	C	-0.46%
TXRH	A	-0.45%
DLB	D	-0.45%
AVAV	B	-0.45%
CW	A	-0.45%
WWD	B	-0.44%
WMT	A	-0.44%
ERIE	A	-0.44%
ETR	A	-0.44%
LQDT	C	-0.44%
BRBR	C	-0.44%
DBX	B	-0.44%
HCI	B	-0.44%
VZ	A	-0.44%
KR	C	-0.44%
AEE	A	-0.43%
CVX	B	-0.43%
MORN	C	-0.43%
CHE	C	-0.43%
SMPL	D	-0.43%
VRRM	D	-0.43%
MGY	B	-0.43%
GILD	A	-0.43%
LOPE	D	-0.43%
DT	C	-0.43%
CNC	F	-0.43%
TKO	A	-0.43%
MOH	D	-0.43%
RYAN	A	-0.43%
TMUS	A	-0.43%
ADUS	D	-0.43%
EPRT	C	-0.43%
CALM	B	-0.43%
FCPT	C	-0.42%
WM	B	-0.42%
MMSI	C	-0.42%
DFIN	C	-0.42%
HQY	C	-0.42%
WPC	C	-0.42%
MSGS	A	-0.42%
LMT	A	-0.42%
XOM	A	-0.42%
DTE	A	-0.42%
KDP	C	-0.42%
ORLY	A	-0.42%
JJSF	B	-0.42%
XEL	A	-0.42%
UTL	C	-0.42%
RTX	A	-0.42%
PPL	A	-0.42%
MCRI	B	-0.42%
ACGL	A	-0.42%
ALL	B	-0.42%
NOC	B	-0.42%
LHX	A	-0.42%
CMS	A	-0.42%
PRDO	D	-0.42%
NEU	F	-0.42%
T	A	-0.42%
PLMR	C	-0.42%
INCY	B	-0.42%
PGR	C	-0.42%
ATEN	B	-0.42%
EOG	B	-0.42%
CPK	C	-0.42%
EXEL	B	-0.42%
ABBV	A	-0.41%
ABT	B	-0.41%
FE	B	-0.41%
JBSS	F	-0.41%
AEP	C	-0.41%
RBA	D	-0.41%
SPTN	B	-0.41%
CASY	D	-0.41%
DUK	A	-0.41%
DGX	B	-0.41%
COP	D	-0.41%
WTW	B	-0.41%
AMT	C	-0.41%
AMH	D	-0.41%
ED	A	-0.41%
HSTM	B	-0.41%
LANC	F	-0.41%
TR	D	-0.41%
KO	C	-0.41%
RAMP	F	-0.41%
COLL	B	-0.41%
MKC	C	-0.41%
BOX	C	-0.41%
K	B	-0.41%
AFL	A	-0.41%
TRV	C	-0.41%
RSG	D	-0.41%
CB	A	-0.41%
WEC	A	-0.41%
ENSG	D	-0.41%
SO	A	-0.41%
FIZZ	D	-0.41%
SRE	A	-0.41%
UNH	B	-0.4%
PM	C	-0.4%
CWT	D	-0.4%
COKE	B	-0.4%
SJW	D	-0.4%
KNSL	D	-0.4%
WDFC	B	-0.4%
MRK	F	-0.4%
CAH	B	-0.4%
ELS	D	-0.4%
VRSK	D	-0.4%
DVAX	D	-0.4%
JNJ	D	-0.4%
CHD	C	-0.4%
HOLX	D	-0.4%
PG	C	-0.4%
MMC	D	-0.4%
GIS	C	-0.4%
MDLZ	C	-0.4%
ALKS	B	-0.4%
CI	D	-0.4%
CAG	D	-0.4%
CME	A	-0.4%
AMSF	B	-0.4%
ANIP	F	-0.39%
MCK	F	-0.39%
MO	D	-0.39%
SAM	D	-0.39%
NBIX	F	-0.39%
AJG	D	-0.39%
PEP	D	-0.39%
HRL	F	-0.39%
HSY	D	-0.39%
ELV	F	-0.39%
KMB	B	-0.39%
WRB	B	-0.39%
CBOE	A	-0.39%
CL	D	-0.39%
KHC	D	-0.39%
LPG	F	-0.38%
EZPW	D	-0.38%
CLW	F	-0.38%
BMRN	F	-0.34%