VBR vs. VLU ETF Comparison

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

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

$201.60

Average Daily Volume

403,375

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

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

Grade (RS Rating)

Last Trade

$183.97

Average Daily Volume

11,773

Number of Holdings ^*

1423

* may have additional holdings in another (foreign) market

Performance

Period	VBR	VLU
30 Days	5.14%	3.37%
60 Days	5.22%	4.00%
90 Days	10.72%	7.19%
12 Months	26.47%	26.13%

625 Overlapping Holdings

	Symbol	Grade	Weight in VBR	Weight in VLU	Overlap
	AA	D	0.17%	0.03%	0.03%
	AAL	D	0.2%	0.06%	0.06%
	AAP	F	0.08%	0.02%	0.02%
	AAT	B	0.04%	0.01%	0.01%
	ABCB	B	0.12%	0.02%	0.02%
	ABG	D	0.15%	0.04%	0.04%
	ABM	D	0.11%	0.03%	0.03%
	ABR	B	0.07%	0.02%	0.02%
	ACA	B	0.13%	0.01%	0.01%
	ACHC	C	0.21%	0.01%	0.01%
	ACM	B	0.4%	0.03%	0.03%
	ADC	C	0.22%	0.02%	0.02%
	AEO	F	0.11%	0.01%	0.01%
	AES	C	0.18%	0.05%	0.05%
	AFG	B	0.28%	0.08%	0.08%
	AGCO	D	0.17%	0.03%	0.03%
	AGO	C	0.12%	0.02%	0.02%
	AIN	D	0.09%	0.01%	0.01%
	AIR	C	0.07%	0.0%	0.0%
	AIT	A	0.23%	0.01%	0.01%
	AIZ	B	0.3%	0.04%	0.04%
	AKR	B	0.07%	0.01%	0.01%
	AL	D	0.14%	0.04%	0.04%
	ALE	B	0.11%	0.02%	0.02%
	ALEX	B	0.04%	0.01%	0.01%
	ALK	C	0.13%	0.05%	0.05%
	ALLE	B	0.36%	0.02%	0.02%
	ALLY	F	0.35%	0.08%	0.08%
	AM	C	0.15%	0.02%	0.02%
	AMBC	D	0.01%	0.0%	0.0%
	AMCX	F	0.01%	0.0%	0.0%
	AMED	C	0.09%	0.01%	0.01%
	AMG	C	0.16%	0.02%	0.02%
	AMKR	F	0.11%	0.03%	0.03%
	AMN	F	0.06%	0.01%	0.01%
	AMWD	D	0.02%	0.01%	0.01%
	AN	D	0.17%	0.04%	0.04%
	ANDE	D	0.05%	0.02%	0.02%
	ANF	D	0.22%	0.01%	0.01%
	APA	F	0.31%	0.04%	0.04%
	APAM	C	0.08%	0.01%	0.01%
	APLE	D	0.09%	0.03%	0.03%
	APOG	B	0.04%	0.0%	0.0%
	AR	F	0.12%	0.04%	0.04%
	ARCB	D	0.07%	0.01%	0.01%
	ARCH	F	0.07%	0.02%	0.02%
	ARI	F	0.04%	0.01%	0.01%
	ARMK	B	0.28%	0.05%	0.05%
	AROC	D	0.09%	0.01%	0.01%
	ARW	C	0.21%	0.06%	0.06%
	ASB	D	0.1%	0.03%	0.03%
	ASGN	D	0.12%	0.01%	0.01%
	ASH	D	0.13%	0.02%	0.02%
	ASO	C	0.12%	0.02%	0.02%
	ASTE	D	0.02%	0.0%	0.0%
	ATGE	C	0.08%	0.01%	0.01%
	ATO	B	0.54%	0.07%	0.07%
	ATR	B	0.3%	0.01%	0.01%
	AUB	D	0.1%	0.02%	0.02%
	AVA	C	0.09%	0.02%	0.02%
	AVNS	B	0.03%	0.01%	0.01%
	AVNT	B	0.13%	0.02%	0.02%
	AVT	C	0.15%	0.04%	0.04%
	AWR	B	0.09%	0.01%	0.01%
	AX	D	0.1%	0.01%	0.01%
	AXL	F	0.02%	0.01%	0.01%
	AXTA	B	0.24%	0.02%	0.02%
	AYI	B	0.23%	0.01%	0.01%
	AZTA	F	0.07%	0.0%	0.0%
	AZZ	D	0.07%	0.01%	0.01%
	B	D	0.06%	0.01%	0.01%
	BANF	B	0.06%	0.01%	0.01%
	BANR	B	0.06%	0.02%	0.02%
	BBWI	F	0.2%	0.02%	0.02%
	BC	C	0.16%	0.02%	0.02%
	BCC	B	0.16%	0.02%	0.02%
	BCO	B	0.14%	0.01%	0.01%
	BDC	B	0.13%	0.01%	0.01%
	BDN	B	0.03%	0.01%	0.01%
	BERY	B	0.22%	0.04%	0.04%
	BFS	B	0.01%	0.01%	0.01%
	BG	D	0.42%	0.13%	0.13%
	BGC	B	0.11%	0.01%	0.01%
	BGS	D	0.02%	0.01%	0.01%
	BHE	D	0.04%	0.02%	0.02%
	BHF	F	0.08%	0.02%	0.02%
	BHLB	B	0.04%	0.01%	0.01%
	BIO	C	0.2%	0.03%	0.03%
	BJ	D	0.31%	0.03%	0.03%
	BJRI	D	0.01%	0.0%	0.0%
	BKE	B	0.04%	0.01%	0.01%
	BKH	B	0.12%	0.04%	0.04%
	BKU	C	0.08%	0.03%	0.03%
	BLDR	C	0.62%	0.05%	0.05%
	BLKB	C	0.06%	0.0%	0.0%
	BLMN	F	0.04%	0.01%	0.01%
	BOH	D	0.08%	0.01%	0.01%
	BRC	C	0.09%	0.01%	0.01%
	BRKL	C	0.03%	0.01%	0.01%
	BRO	C	0.35%	0.04%	0.04%
	BRX	B	0.24%	0.03%	0.03%
	BTU	D	0.08%	0.02%	0.02%
	BWA	D	0.23%	0.07%	0.07%
	BXMT	C	0.07%	0.03%	0.03%
	BXP	B	0.31%	0.06%	0.06%
	CABO	F	0.02%	0.01%	0.01%
	CACC	F	0.08%	0.0%	0.0%
	CACI	B	0.32%	0.03%	0.03%
	CADE	C	0.17%	0.02%	0.02%
	CAKE	C	0.05%	0.01%	0.01%
	CAL	F	0.02%	0.01%	0.01%
	CAR	F	0.04%	0.01%	0.01%
	CARS	D	0.03%	0.0%	0.0%
	CATY	C	0.09%	0.03%	0.03%
	CBRL	D	0.03%	0.01%	0.01%
	CBSH	C	0.22%	0.02%	0.02%
	CBT	B	0.17%	0.02%	0.02%
	CBU	C	0.09%	0.01%	0.01%
	CC	F	0.09%	0.01%	0.01%
	CCK	A	0.32%	0.04%	0.04%
	CENT	F	0.01%	0.0%	0.0%
	CENTA	F	0.05%	0.01%	0.01%
	CFFN	D	0.02%	0.01%	0.01%
	CFR	C	0.19%	0.02%	0.02%
	CG	D	0.28%	0.02%	0.02%
	CHCO	B	0.05%	0.01%	0.01%
	CHK	D	0.27%	0.07%	0.07%
	CHRD	F	0.26%	0.07%	0.07%
	CHRW	B	0.34%	0.06%	0.06%
	CLB	D	0.01%	0.0%	0.0%
	CLF	F	0.18%	0.02%	0.02%
	CMA	B	0.22%	0.07%	0.07%
	CMC	D	0.18%	0.03%	0.03%
	CMP	D	0.01%	0.0%	0.0%
	CNK	C	0.09%	0.03%	0.03%
	CNO	B	0.11%	0.03%	0.03%
	CNX	B	0.12%	0.04%	0.04%
	CNXC	F	0.12%	0.03%	0.03%
	COHR	C	0.17%	0.02%	0.02%
	COLB	B	0.15%	0.05%	0.05%
	COOP	C	0.17%	0.05%	0.05%
	COTY	F	0.1%	0.02%	0.02%
	CPRI	D	0.12%	0.02%	0.02%
	CPT	B	0.39%	0.04%	0.04%
	CR	C	0.23%	0.03%	0.03%
	CRC	C	0.11%	0.02%	0.02%
	CRI	D	0.07%	0.01%	0.01%
	CRUS	D	0.23%	0.02%	0.02%
	CSGS	C	0.04%	0.0%	0.0%
	CSL	B	0.59%	0.03%	0.03%
	CSR	B	0.03%	0.01%	0.01%
	CTLT	B	0.15%	0.01%	0.01%
	CTRE	C	0.06%	0.01%	0.01%
	CUZ	B	0.13%	0.03%	0.03%
	CVBF	D	0.07%	0.01%	0.01%
	CVI	F	0.03%	0.01%	0.01%
	CWEN	C	0.07%	0.02%	0.02%
	CWEN	C	0.03%	0.01%	0.01%
	CWEN	C	0.03%	0.02%	0.02%
	CWEN	C	0.07%	0.01%	0.01%
	CWK	B	0.08%	0.02%	0.02%
	CXW	F	0.04%	0.01%	0.01%
	DAN	F	0.04%	0.01%	0.01%
	DBI	F	0.0%	0.0%	0.0%
	DCI	C	0.26%	0.01%	0.01%
	DEI	B	0.08%	0.03%	0.03%
	DIN	F	0.01%	0.0%	0.0%
	DINO	F	0.24%	0.06%	0.06%
	DKS	D	0.28%	0.04%	0.04%
	DLX	D	0.03%	0.01%	0.01%
	DNOW	D	0.04%	0.01%	0.01%
	DOC	C	0.23%	0.05%	0.05%
	DRH	C	0.05%	0.01%	0.01%
	DTM	B	0.22%	0.02%	0.02%
	DVA	B	0.21%	0.08%	0.08%
	DXC	C	0.11%	0.03%	0.03%
	DY	B	0.07%	0.01%	0.01%
	EAT	A	0.09%	0.01%	0.01%
	ECPG	D	0.03%	0.01%	0.01%
	EGBN	C	0.01%	0.01%	0.01%
	EGP	B	0.26%	0.01%	0.01%
	EHC	C	0.28%	0.02%	0.02%
	EIG	C	0.04%	0.01%	0.01%
	EMBC	C	0.03%	0.0%	0.0%
	EME	B	0.54%	0.02%	0.02%
	EMN	B	0.35%	0.05%	0.05%
	ENOV	D	0.08%	0.01%	0.01%
	ENR	D	0.07%	0.01%	0.01%
	ENS	D	0.12%	0.01%	0.01%
	EPAM	F	0.16%	0.01%	0.01%
	EPC	F	0.06%	0.01%	0.01%
	EPR	B	0.11%	0.01%	0.01%
	EQH	C	0.41%	0.07%	0.07%
	ESAB	C	0.18%	0.01%	0.01%
	ESE	B	0.09%	0.01%	0.01%
	ESNT	B	0.19%	0.02%	0.02%
	EVR	A	0.25%	0.02%	0.02%
	EVRG	B	0.19%	0.07%	0.07%
	EVTC	D	0.06%	0.0%	0.0%
	EWBC	D	0.34%	0.04%	0.04%
	EYE	F	0.02%	0.0%	0.0%
	FAF	B	0.18%	0.04%	0.04%
	FBP	C	0.1%	0.01%	0.01%
	FCF	C	0.05%	0.01%	0.01%
	FCN	D	0.24%	0.01%	0.01%
	FDP	C	0.03%	0.01%	0.01%
	FFBC	D	0.07%	0.02%	0.02%
	FFIN	B	0.13%	0.01%	0.01%
	FFIV	B	0.35%	0.02%	0.02%
	FHB	D	0.09%	0.02%	0.02%
	FHI	A	0.08%	0.01%	0.01%
	FHN	D	0.27%	0.05%	0.05%
	FL	D	0.09%	0.02%	0.02%
	FLO	C	0.13%	0.02%	0.02%
	FLR	D	0.25%	0.03%	0.03%
	FLS	D	0.19%	0.01%	0.01%
	FMC	C	0.24%	0.03%	0.03%
	FNB	C	0.16%	0.03%	0.03%
	FR	B	0.22%	0.02%	0.02%
	FRT	C	0.28%	0.02%	0.02%
	FTRE	D	0.06%	0.0%	0.0%
	FUL	C	0.14%	0.01%	0.01%
	FULT	D	0.1%	0.02%	0.02%
	FWRD	C	0.01%	0.01%	0.01%
	FYBR	C	0.21%	0.04%	0.04%
	G	C	0.21%	0.02%	0.02%
	GAP	F	0.16%	0.04%	0.04%
	GATX	D	0.15%	0.01%	0.01%
	GBCI	B	0.16%	0.02%	0.02%
	GBX	C	0.04%	0.02%	0.02%
	GEF	D	0.04%	0.02%	0.02%
	GEF	D	0.0%	0.02%	0.0%
	GEO	F	0.05%	0.02%	0.02%
	GES	F	0.02%	0.01%	0.01%
	GFF	D	0.09%	0.01%	0.01%
	GHC	B	0.07%	0.03%	0.03%
	GIII	C	0.03%	0.01%	0.01%
	GL	C	0.28%	0.03%	0.03%
	GLPI	C	0.39%	0.05%	0.05%
	GME	F	0.22%	0.02%	0.02%
	GMS	D	0.1%	0.01%	0.01%
	GNL	C	0.06%	0.02%	0.02%
	GNW	B	0.09%	0.03%	0.03%
	GO	F	0.05%	0.01%	0.01%
	GPI	B	0.14%	0.04%	0.04%
	GPK	B	0.27%	0.03%	0.03%
	GT	F	0.07%	0.02%	0.02%
	GTY	B	0.05%	0.01%	0.01%
	GVA	B	0.1%	0.01%	0.01%
	HAIN	D	0.02%	0.01%	0.01%
	HAS	B	0.26%	0.03%	0.03%
	HASI	C	0.11%	0.01%	0.01%
	HAYW	C	0.06%	0.0%	0.0%
	HBI	B	0.06%	0.02%	0.02%
	HCC	F	0.09%	0.03%	0.03%
	HCSG	C	0.02%	0.01%	0.01%
	HELE	D	0.04%	0.0%	0.0%
	HI	F	0.07%	0.01%	0.01%
	HII	D	0.33%	0.03%	0.03%
	HIW	B	0.1%	0.03%	0.03%
	HMN	D	0.04%	0.01%	0.01%
	HNI	C	0.07%	0.01%	0.01%
	HOG	C	0.13%	0.03%	0.03%
	HOMB	B	0.15%	0.02%	0.02%
	HOPE	B	0.04%	0.01%	0.01%
	HP	F	0.04%	0.03%	0.03%
	HPP	D	0.02%	0.01%	0.01%
	HRB	C	0.26%	0.03%	0.03%
	HSIC	C	0.27%	0.03%	0.03%
	HTH	C	0.04%	0.01%	0.01%
	HTLD	D	0.02%	0.0%	0.0%
	HTZ	F	0.01%	0.0%	0.0%
	HUBB	B	0.32%	0.03%	0.03%
	HUBG	C	0.08%	0.01%	0.01%
	HWC	D	0.14%	0.03%	0.03%
	IART	F	0.04%	0.0%	0.0%
	IBOC	D	0.1%	0.02%	0.02%
	IBTX	B	0.06%	0.02%	0.02%
	ICUI	B	0.11%	0.01%	0.01%
	IDA	C	0.15%	0.02%	0.02%
	IDCC	B	0.05%	0.01%	0.01%
	IEX	D	0.46%	0.01%	0.01%
	INDB	C	0.08%	0.01%	0.01%
	INGR	B	0.26%	0.03%	0.03%
	INN	A	0.01%	0.01%	0.01%
	INVA	B	0.03%	0.01%	0.01%
	IOSP	D	0.08%	0.01%	0.01%
	IPG	C	0.36%	0.04%	0.04%
	IPGP	F	0.05%	0.01%	0.01%
	ITGR	A	0.13%	0.01%	0.01%
	ITT	B	0.34%	0.01%	0.01%
	IVZ	B	0.21%	0.06%	0.06%
	JACK	F	0.01%	0.0%	0.0%
	JAZZ	D	0.2%	0.02%	0.02%
	JBGS	C	0.05%	0.02%	0.02%
	JBL	D	0.37%	0.04%	0.04%
	JBLU	D	0.05%	0.02%	0.02%
	JEF	B	0.26%	0.05%	0.05%
	JHG	B	0.14%	0.04%	0.04%
	JLL	B	0.36%	0.05%	0.05%
	JNPR	B	0.37%	0.03%	0.03%
	JWN	C	0.06%	0.02%	0.02%
	JXN	A	0.2%	0.05%	0.05%
	KALU	F	0.03%	0.01%	0.01%
	KAR	D	0.06%	0.02%	0.02%
	KBH	A	0.16%	0.02%	0.02%
	KBR	D	0.27%	0.01%	0.01%
	KD	D	0.16%	0.03%	0.03%
	KELYA	D	0.02%	0.01%	0.01%
	KEX	C	0.21%	0.02%	0.02%
	KFY	B	0.11%	0.01%	0.01%
	KIM	C	0.46%	0.04%	0.04%
	KMPR	D	0.11%	0.01%	0.01%
	KMT	B	0.06%	0.01%	0.01%
	KMX	D	0.39%	0.05%	0.05%
	KN	D	0.05%	0.01%	0.01%
	KNF	B	0.13%	0.01%	0.01%
	KNX	C	0.24%	0.03%	0.03%
	KOP	F	0.02%	0.0%	0.0%
	KRC	B	0.13%	0.04%	0.04%
	KREF	B	0.02%	0.01%	0.01%
	KSS	F	0.06%	0.02%	0.02%
	KTB	B	0.12%	0.01%	0.01%
	LAD	D	0.24%	0.07%	0.07%
	LAMR	B	0.16%	0.03%	0.03%
	LDOS	B	0.31%	0.05%	0.05%
	LEA	F	0.19%	0.05%	0.05%
	LEG	D	0.05%	0.02%	0.02%
	LGND	C	0.05%	0.01%	0.01%
	LITE	B	0.06%	0.01%	0.01%
	LKQ	F	0.16%	0.04%	0.04%
	LNC	D	0.16%	0.04%	0.04%
	LPX	B	0.18%	0.01%	0.01%
	LRN	B	0.05%	0.01%	0.01%
	LTC	C	0.05%	0.01%	0.01%
	LUMN	C	0.16%	0.06%	0.06%
	LXP	B	0.09%	0.01%	0.01%
	LZB	C	0.05%	0.01%	0.01%
	M	F	0.13%	0.04%	0.04%
	MAC	B	0.1%	0.01%	0.01%
	MAN	C	0.1%	0.03%	0.03%
	MAT	C	0.19%	0.01%	0.01%
	MATV	C	0.03%	0.01%	0.01%
	MATW	F	0.02%	0.0%	0.0%
	MATX	B	0.13%	0.02%	0.02%
	MC	B	0.07%	0.01%	0.01%
	MCY	D	0.05%	0.01%	0.01%
	MD	C	0.03%	0.01%	0.01%
	MDU	C	0.15%	0.03%	0.03%
	MGEE	B	0.09%	0.01%	0.01%
	MHK	C	0.25%	0.07%	0.07%
	MIDD	D	0.11%	0.02%	0.02%
	MKSI	F	0.24%	0.01%	0.01%
	MLI	A	0.23%	0.03%	0.03%
	MLKN	D	0.06%	0.02%	0.02%
	MMI	C	0.03%	0.01%	0.01%
	MNRO	D	0.02%	0.01%	0.01%
	MOG.A	B	0.17%	0.02%	0.02%
	MOS	F	0.27%	0.08%	0.08%
	MPW	C	0.08%	0.04%	0.04%
	MSA	D	0.2%	0.01%	0.01%
	MSM	D	0.11%	0.02%	0.02%
	MTG	B	0.2%	0.03%	0.03%
	MTH	A	0.2%	0.02%	0.02%
	MTRN	F	0.07%	0.0%	0.0%
	MTX	D	0.07%	0.01%	0.01%
	MTZ	B	0.11%	0.03%	0.03%
	MUR	F	0.16%	0.04%	0.04%
	MUSA	D	0.28%	0.04%	0.04%
	MXL	F	0.02%	0.0%	0.0%
	MYGN	C	0.07%	0.01%	0.01%
	NABL	D	0.01%	0.0%	0.0%
	NATL	D	0.06%	0.02%	0.02%
	NAVI	C	0.04%	0.01%	0.01%
	NBHC	D	0.05%	0.01%	0.01%
	NBTB	D	0.06%	0.01%	0.01%
	NCLH	C	0.11%	0.03%	0.03%
	NFG	B	0.16%	0.03%	0.03%
	NGVT	D	0.04%	0.01%	0.01%
	NHC	D	0.05%	0.01%	0.01%
	NI	B	0.22%	0.06%	0.06%
	NJR	B	0.13%	0.02%	0.02%
	NNN	C	0.25%	0.03%	0.03%
	NPK	D	0.01%	0.0%	0.0%
	NPO	D	0.1%	0.01%	0.01%
	NRG	C	0.52%	0.05%	0.05%
	NSIT	D	0.21%	0.02%	0.02%
	NSP	F	0.1%	0.01%	0.01%
	NTCT	C	0.04%	0.0%	0.0%
	NUS	F	0.01%	0.0%	0.0%
	NVRI	D	0.01%	0.01%	0.01%
	NVST	D	0.09%	0.01%	0.01%
	NVT	D	0.33%	0.02%	0.02%
	NWBI	C	0.05%	0.02%	0.02%
	NWE	B	0.1%	0.02%	0.02%
	NWL	C	0.08%	0.03%	0.03%
	NWN	C	0.04%	0.01%	0.01%
	NX	F	0.03%	0.0%	0.0%
	NXST	D	0.16%	0.03%	0.03%
	NYT	C	0.25%	0.01%	0.01%
	OC	D	0.43%	0.04%	0.04%
	ODP	F	0.03%	0.01%	0.01%
	OFG	C	0.06%	0.01%	0.01%
	OGE	C	0.23%	0.03%	0.03%
	OGN	D	0.17%	0.05%	0.05%
	OGS	B	0.11%	0.04%	0.04%
	OHI	B	0.29%	0.04%	0.04%
	OI	D	0.06%	0.02%	0.02%
	OLN	D	0.15%	0.02%	0.02%
	OMCL	C	0.06%	0.01%	0.01%
	OMI	D	0.03%	0.01%	0.01%
	ONB	C	0.19%	0.03%	0.03%
	ORI	B	0.26%	0.05%	0.05%
	OSIS	D	0.07%	0.01%	0.01%
	OSK	F	0.21%	0.02%	0.02%
	OTTR	F	0.1%	0.01%	0.01%
	OUT	C	0.07%	0.01%	0.01%
	OVV	F	0.34%	0.09%	0.09%
	OXM	F	0.04%	0.0%	0.0%
	OZK	D	0.14%	0.04%	0.04%
	PAG	D	0.1%	0.03%	0.03%
	PARA	F	0.16%	0.05%	0.05%
	PB	B	0.2%	0.03%	0.03%
	PBF	F	0.1%	0.03%	0.03%
	PBH	B	0.11%	0.01%	0.01%
	PBI	D	0.04%	0.01%	0.01%
	PCH	C	0.1%	0.01%	0.01%
	PCRX	F	0.01%	0.0%	0.0%
	PDCO	F	0.05%	0.02%	0.02%
	PEB	D	0.02%	0.01%	0.01%
	PECO	B	0.07%	0.01%	0.01%
	PENN	D	0.08%	0.03%	0.03%
	PFGC	B	0.34%	0.1%	0.1%
	PFS	B	0.07%	0.02%	0.02%
	PHIN	B	0.06%	0.01%	0.01%
	PII	D	0.13%	0.02%	0.02%
	PINC	C	0.06%	0.01%	0.01%
	PIPR	B	0.13%	0.01%	0.01%
	PK	D	0.09%	0.03%	0.03%
	PLXS	A	0.1%	0.01%	0.01%
	PMT	C	0.04%	0.01%	0.01%
	PNFP	B	0.11%	0.02%	0.02%
	PNM	B	0.11%	0.02%	0.02%
	PNR	B	0.43%	0.02%	0.02%
	PNW	C	0.29%	0.05%	0.05%
	POR	C	0.15%	0.02%	0.02%
	POST	C	0.08%	0.03%	0.03%
	PPBI	D	0.07%	0.01%	0.01%
	PPC	D	0.05%	0.02%	0.02%
	PR	F	0.12%	0.02%	0.02%
	PRA	C	0.02%	0.0%	0.0%
	PRAA	D	0.03%	0.0%	0.0%
	PRG	B	0.06%	0.02%	0.02%
	PRGO	D	0.12%	0.02%	0.02%
	PRGS	C	0.07%	0.0%	0.0%
	PRI	B	0.27%	0.02%	0.02%
	PRK	C	0.08%	0.01%	0.01%
	PRLB	F	0.02%	0.0%	0.0%
	PSMT	B	0.06%	0.01%	0.01%
	PTEN	F	0.11%	0.01%	0.01%
	PUMP	D	0.02%	0.01%	0.01%
	PVH	F	0.16%	0.02%	0.02%
	PZZA	D	0.02%	0.0%	0.0%
	QRVO	F	0.16%	0.02%	0.02%
	R	A	0.18%	0.05%	0.05%
	RDN	C	0.16%	0.03%	0.03%
	REG	C	0.39%	0.04%	0.04%
	REZI	D	0.08%	0.01%	0.01%
	RGA	C	0.43%	0.13%	0.13%
	RGR	D	0.02%	0.0%	0.0%
	RHI	D	0.18%	0.02%	0.02%
	RL	C	0.18%	0.03%	0.03%
	RLI	B	0.2%	0.01%	0.01%
	RNR	C	0.4%	0.05%	0.05%
	RNST	D	0.06%	0.02%	0.02%
	ROIC	B	0.05%	0.01%	0.01%
	RPM	B	0.44%	0.02%	0.02%
	RRC	D	0.2%	0.03%	0.03%
	RRX	C	0.33%	0.02%	0.02%
	RS	D	0.48%	0.05%	0.05%
	RUSHA	C	0.1%	0.02%	0.02%
	RWT	B	0.03%	0.01%	0.01%
	RXO	D	0.1%	0.01%	0.01%
	RYN	C	0.13%	0.01%	0.01%
	SAFT	D	0.04%	0.01%	0.01%
	SAH	D	0.02%	0.01%	0.01%
	SAIC	C	0.2%	0.02%	0.02%
	SANM	D	0.11%	0.03%	0.03%
	SATS	C	0.06%	0.03%	0.03%
	SBH	B	0.04%	0.01%	0.01%
	SBRA	C	0.12%	0.02%	0.02%
	SCHL	D	0.02%	0.01%	0.01%
	SCI	B	0.32%	0.02%	0.02%
	SCL	D	0.05%	0.01%	0.01%
	SCSC	D	0.03%	0.01%	0.01%
	SEE	D	0.15%	0.01%	0.01%
	SEIC	C	0.23%	0.01%	0.01%
	SEM	D	0.11%	0.02%	0.02%
	SF	A	0.25%	0.03%	0.03%
	SFBS	B	0.06%	0.01%	0.01%
	SFM	B	0.31%	0.02%	0.02%
	SFNC	B	0.07%	0.02%	0.02%
	SHO	C	0.06%	0.01%	0.01%
	SHOO	B	0.05%	0.01%	0.01%
	SIG	C	0.1%	0.02%	0.02%
	SIGI	D	0.16%	0.02%	0.02%
	SJM	C	0.17%	0.05%	0.05%
	SKT	B	0.1%	0.01%	0.01%
	SKYW	C	0.09%	0.02%	0.02%
	SLG	B	0.13%	0.02%	0.02%
	SLGN	B	0.12%	0.02%	0.02%
	SLM	D	0.14%	0.02%	0.02%
	SM	F	0.08%	0.02%	0.02%
	SMG	C	0.09%	0.01%	0.01%
	SNV	C	0.19%	0.03%	0.03%
	SNX	D	0.23%	0.08%	0.08%
	SOLV	C	0.26%	0.01%	0.01%
	SON	C	0.16%	0.03%	0.03%
	SPNT	C	0.04%	0.01%	0.01%
	SR	B	0.1%	0.02%	0.02%
	SRCL	A	0.01%	0.01%	0.01%
	SRCL	A	0.16%	0.01%	0.01%
	SSB	B	0.22%	0.02%	0.02%
	ST	D	0.17%	0.02%	0.02%
	STAG	C	0.22%	0.02%	0.02%
	STBA	B	0.05%	0.01%	0.01%
	STLD	F	0.26%	0.07%	0.07%
	STRA	F	0.06%	0.01%	0.01%
	STWD	B	0.18%	0.06%	0.06%
	SUPN	C	0.05%	0.0%	0.0%
	SVC	D	0.02%	0.01%	0.01%
	SW	B	0.72%	0.21%	0.21%
	SWN	D	0.21%	0.06%	0.06%
	SWX	C	0.15%	0.02%	0.02%
	SXI	C	0.06%	0.0%	0.0%
	SXT	C	0.1%	0.01%	0.01%
	SYNA	F	0.09%	0.01%	0.01%
	TAP	D	0.28%	0.09%	0.09%
	TCBI	B	0.09%	0.02%	0.02%
	TDC	F	0.08%	0.01%	0.01%
	TDS	C	0.06%	0.02%	0.02%
	TEX	F	0.11%	0.01%	0.01%
	TFX	C	0.34%	0.02%	0.02%
	TGI	F	0.01%	0.0%	0.0%
	TGNA	D	0.07%	0.03%	0.03%
	THC	A	0.48%	0.06%	0.06%
	THG	B	0.14%	0.02%	0.02%
	THO	D	0.16%	0.03%	0.03%
	THS	C	0.06%	0.01%	0.01%
	TILE	B	0.02%	0.0%	0.0%
	TKR	D	0.16%	0.02%	0.02%
	TMHC	A	0.2%	0.04%	0.04%
	TMP	C	0.02%	0.01%	0.01%
	TNL	D	0.09%	0.01%	0.01%
	TOL	B	0.44%	0.05%	0.05%
	TPH	C	0.12%	0.02%	0.02%
	TPR	C	0.28%	0.03%	0.03%
	TRMK	C	0.05%	0.01%	0.01%
	TRN	D	0.08%	0.02%	0.02%
	TTEK	C	0.37%	0.02%	0.02%
	TTMI	D	0.06%	0.01%	0.01%
	UA	D	0.04%	0.01%	0.01%
	UAA	C	0.04%	0.01%	0.01%
	UBSI	B	0.15%	0.02%	0.02%
	UCBI	B	0.11%	0.01%	0.01%
	UE	B	0.07%	0.01%	0.01%
	UFCS	D	0.01%	0.0%	0.0%
	UFPI	C	0.21%	0.02%	0.02%
	UGI	C	0.16%	0.05%	0.05%
	UHS	B	0.4%	0.06%	0.06%
	UHT	B	0.0%	0.0%	0.0%
	UMBF	B	0.12%	0.02%	0.02%
	UNF	C	0.08%	0.01%	0.01%
	UNFI	C	0.03%	0.01%	0.01%
	UNIT	C	0.03%	0.01%	0.01%
	UNM	B	0.26%	0.09%	0.09%
	URBN	F	0.07%	0.02%	0.02%
	USFD	B	0.43%	0.07%	0.07%
	USNA	F	0.01%	0.0%	0.0%
	UTHR	C	0.47%	0.04%	0.04%
	UVV	D	0.04%	0.01%	0.01%
	VAC	F	0.07%	0.01%	0.01%
	VFC	C	0.19%	0.06%	0.06%
	VGR	B	0.06%	0.02%	0.02%
	VIAV	D	0.06%	0.0%	0.0%
	VLY	C	0.11%	0.03%	0.03%
	VMI	D	0.17%	0.01%	0.01%
	VNO	B	0.17%	0.05%	0.05%
	VNT	F	0.16%	0.01%	0.01%
	VOYA	B	0.21%	0.04%	0.04%
	VREX	F	0.01%	0.0%	0.0%
	VRTS	F	0.04%	0.0%	0.0%
	VSAT	F	0.05%	0.01%	0.01%
	VSCO	C	0.05%	0.02%	0.02%
	VSH	F	0.07%	0.01%	0.01%
	VSTO	C	0.03%	0.01%	0.01%
	VSTS	D	0.05%	0.02%	0.02%
	VVV	D	0.16%	0.02%	0.02%
	WABC	D	0.04%	0.0%	0.0%
	WAFD	C	0.09%	0.02%	0.02%
	WBS	D	0.24%	0.03%	0.03%
	WCC	D	0.25%	0.04%	0.04%
	WD	A	0.1%	0.01%	0.01%
	WEN	C	0.09%	0.01%	0.01%
	WERN	D	0.07%	0.01%	0.01%
	WHR	D	0.16%	0.05%	0.05%
	WLK	D	0.08%	0.04%	0.04%
	WNC	F	0.02%	0.0%	0.0%
	WOR	D	0.04%	0.01%	0.01%
	WRLD	D	0.01%	0.01%	0.01%
	WS	D	0.04%	0.01%	0.01%
	WSFS	D	0.1%	0.01%	0.01%
	WSM	D	0.4%	0.02%	0.02%
	WTFC	B	0.21%	0.02%	0.02%
	WTRG	D	0.28%	0.03%	0.03%
	WTS	C	0.16%	0.01%	0.01%
	WU	F	0.12%	0.04%	0.04%
	WWW	B	0.03%	0.01%	0.01%
	X	F	0.23%	0.07%	0.07%
	XHR	B	0.02%	0.01%	0.01%
	XPO	D	0.19%	0.03%	0.03%
	XRAY	D	0.15%	0.01%	0.01%
	XRX	D	0.04%	0.01%	0.01%
	ZD	D	0.07%	0.01%	0.01%
	ZION	D	0.21%	0.06%	0.06%

VBR Overweight 172 Positions Relative to VLU

	Symbol	Grade	Weight
	FCNCA	D	0.65%
	BAH	C	0.6%
	RIVN	F	0.33%
	Z	B	0.26%
	APG	D	0.26%
	WAL	B	0.25%
	ALSN	B	0.24%
	BPOP	C	0.22%
	AGNC	B	0.22%
	ELAN	D	0.22%
	ACI	F	0.2%
	UHAL	A	0.19%
	AXS	B	0.18%
	BECN	D	0.17%
	ESI	D	0.17%
	OMF	D	0.17%
	SUM	D	0.15%
	MDGL	F	0.13%
	ZWS	A	0.13%
	WTM	D	0.13%
	PSN	B	0.13%
	LYFT	D	0.12%
	TPG	B	0.12%
	ESGR	D	0.12%
	DNB	C	0.12%
	GTES	C	0.12%
	AUR	B	0.12%
	HUN	D	0.11%
	IAC	C	0.11%
	NUVL	C	0.1%
	EBC	B	0.1%
	NHI	C	0.1%
	ATKR	F	0.1%
	BNL	B	0.1%
	HL	C	0.1%
	IOVA	C	0.09%
	ALIT	D	0.09%
	VIRT	C	0.08%
	RNG	F	0.08%
	SPB	C	0.08%
	LSXMK	D	0.08%
	MGRC	F	0.08%
	PFSI	C	0.08%
	FIBK	B	0.08%
	ADTN	D	0.08%
	PRIM	B	0.08%
	LAUR	C	0.07%
	TOWN	B	0.07%
	FRME	D	0.07%
	BOKF	B	0.07%
	KRYS	D	0.07%
	COMP	C	0.07%
	HURN	C	0.06%
	GOLF	D	0.06%
	IVT	B	0.06%
	ZG	B	0.06%
	JOBY	F	0.06%
	WLY	C	0.06%
	MIR	D	0.06%
	IMVT	D	0.06%
	SPR	D	0.06%
	EQC	C	0.06%
	CDE	C	0.06%
	REVG	D	0.05%
	INFA	D	0.05%
	STEP	B	0.05%
	TROX	F	0.05%
	REYN	C	0.05%
	CRGY	D	0.05%
	NMRK	A	0.05%
	WSBC	D	0.05%
	VRNT	F	0.05%
	EDR	A	0.05%
	SCS	D	0.04%
	AMRX	B	0.04%
	PDM	B	0.04%
	AIV	B	0.04%
	KFRC	D	0.04%
	INSW	D	0.04%
	JELD	D	0.04%
	VCTR	B	0.04%
	DK	F	0.04%
	MSGE	B	0.04%
	LC	D	0.04%
	BKD	D	0.04%
	PWSC	C	0.04%
	CODI	D	0.04%
	LADR	B	0.04%
	ESRT	B	0.04%
	RRR	D	0.04%
	HEES	D	0.04%
	DNUT	D	0.03%
	CGON	C	0.03%
	FG	D	0.03%
	NNI	B	0.03%
	LGF.A	F	0.03%
	LEVI	C	0.03%
	BV	C	0.03%
	RBRK	D	0.03%
	CMTG	D	0.03%
	SIRI	C	0.03%
	ETWO	C	0.03%
	FA	B	0.03%
	RKLB	C	0.03%
	SNDR	B	0.03%
	HTLF	B	0.03%
	DDS	F	0.03%
	TRS	D	0.03%
	ATSG	D	0.03%
	THR	D	0.03%
	MRC	D	0.03%
	CNNE	D	0.03%
	DBRG	D	0.03%
	WMK	C	0.03%
	ACT	B	0.03%
	HE	F	0.03%
	FOR	C	0.02%
	SMR	D	0.02%
	CNDT	C	0.02%
	HY	F	0.02%
	BMBL	F	0.02%
	UHAL	A	0.02%
	SWI	B	0.02%
	SMMT	C	0.02%
	AMC	F	0.02%
	USM	C	0.02%
	HLIO	D	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	D	0.01%
	RDUS	D	0.01%
	OPK	C	0.01%
	OLPX	C	0.01%
	WOOF	C	0.01%
	BRCC	F	0.01%
	ALX	B	0.01%
	ZIP	D	0.01%
	KRO	D	0.01%
	DJT	F	0.01%
	CRCT	C	0.01%
	TRTX	C	0.01%
	EE	B	0.01%
	RUSHB	C	0.01%
	SWBI	F	0.01%
	NAPA	F	0.01%
	RMR	C	0.01%
	VMEO	C	0.01%
	AMK	B	0.01%
	ATUS	C	0.01%
	GRC	D	0.01%
	PTVE	D	0.01%
	UDMY	D	0.01%
	DAWN	D	0.01%
	TWKS	C	0.01%
	CCO	C	0.01%
	CWH	C	0.01%
	GCMG	B	0.01%
	CLBK	C	0.01%
	LGF.A	F	0.01%
	SSP	F	0.0%
	SCWX	C	0.0%
	AC	C	0.0%
	TTEC	F	0.0%
	CRNC	F	0.0%
	SAVE	F	0.0%
	CHGG	F	0.0%
	ACDC	F	0.0%
	LDI	C	0.0%

VBR Underweight 802 Positions Relative to VLU

	Symbol	Grade	Weight
	BRK.A	C	-2.41%
	AAPL	C	-2.37%
	XOM	C	-1.97%
	AMZN	C	-1.94%
	WMT	C	-1.8%
	VZ	B	-1.69%
	META	B	-1.68%
	MSFT	C	-1.54%
	T	C	-1.41%
	BAC	D	-1.38%
	JPM	D	-1.35%
	CVX	D	-1.26%
	UNH	C	-1.22%
	GOOG	D	-1.13%
	C	C	-0.99%
	WFC	D	-0.96%
	JNJ	C	-0.89%
	PFE	C	-0.87%
	GOOGL	D	-0.69%
	CVS	D	-0.66%
	CMCSA	D	-0.61%
	PM	C	-0.58%
	PG	C	-0.53%
	MPC	F	-0.52%
	HD	B	-0.51%
	GS	C	-0.51%
	TFC	C	-0.5%
	MS	D	-0.49%
	COF	B	-0.48%
	GM	C	-0.48%
	PSX	F	-0.48%
	RTX	C	-0.47%
	TSLA	C	-0.47%
	ABBV	C	-0.46%
	CSCO	C	-0.46%
	IBM	B	-0.45%
	KO	C	-0.44%
	TMUS	C	-0.42%
	ELV	C	-0.42%
	AVGO	C	-0.42%
	CI	C	-0.41%
	MET	B	-0.41%
	V	C	-0.41%
	ORCL	C	-0.41%
	VLO	F	-0.4%
	COP	D	-0.4%
	NEE	C	-0.4%
	CB	B	-0.39%
	PEP	C	-0.39%
	PRU	C	-0.38%
	F	F	-0.38%
	MRK	D	-0.38%
	UPS	D	-0.37%
	PNC	B	-0.37%
	KMI	B	-0.37%
	MO	C	-0.36%
	DUK	C	-0.36%
	LMT	C	-0.36%
	CNC	D	-0.36%
	USB	B	-0.36%
	MCK	F	-0.35%
	MDT	C	-0.35%
	KR	C	-0.34%
	AXP	B	-0.34%
	GILD	B	-0.34%
	BMY	C	-0.33%
	NVDA	D	-0.32%
	ACN	C	-0.32%
	SO	B	-0.32%
	CHTR	D	-0.3%
	COST	B	-0.3%
	MMM	B	-0.29%
	GE	B	-0.28%
	AMGN	B	-0.28%
	ADM	D	-0.27%
	BK	B	-0.27%
	INTC	F	-0.27%
	D	C	-0.26%
	FDX	C	-0.26%
	HPQ	D	-0.26%
	ABT	C	-0.26%
	DAL	C	-0.26%
	DIS	D	-0.26%
	CAH	C	-0.25%
	AIG	D	-0.25%
	KHC	C	-0.25%
	QCOM	D	-0.24%
	LLY	C	-0.24%
	TXN	C	-0.24%
	UNP	C	-0.24%
	DE	B	-0.23%
	CRM	D	-0.23%
	CAT	B	-0.23%
	EOG	D	-0.23%
	TGT	C	-0.23%
	HCA	B	-0.23%
	KVUE	C	-0.23%
	LOW	B	-0.23%
	LYB	D	-0.22%
	MDLZ	B	-0.22%
	AFL	C	-0.22%
	LIN	B	-0.21%
	SCHW	D	-0.21%
	EXC	C	-0.21%
	HON	D	-0.21%
	BLK	B	-0.2%
	HPE	D	-0.2%
	HUM	F	-0.2%
	GD	B	-0.2%
	ADBE	F	-0.19%
	PGR	B	-0.19%
	DD	B	-0.18%
	TRV	C	-0.18%
	OXY	F	-0.18%
	AEP	C	-0.18%
	NEM	B	-0.18%
	TMO	B	-0.18%
	DOW	D	-0.18%
	PYPL	B	-0.17%
	CFG	C	-0.17%
	WBD	D	-0.17%
	BBY	C	-0.17%
	NFLX	B	-0.17%
	SYF	C	-0.17%
	TJX	B	-0.17%
	SRE	C	-0.17%
	CCL	C	-0.16%
	TSN	C	-0.16%
	REGN	C	-0.16%
	PFG	B	-0.16%
	PLD	C	-0.16%
	MCD	B	-0.16%
	AMT	C	-0.16%
	WMB	B	-0.16%
	ALL	B	-0.16%
	NOC	B	-0.16%
	JCI	B	-0.15%
	MTB	B	-0.15%
	BA	F	-0.15%
	UAL	C	-0.15%
	SBUX	C	-0.15%
	LEN	B	-0.15%
	IP	B	-0.15%
	LUV	C	-0.15%
	KEY	B	-0.14%
	ACGL	C	-0.14%
	PEG	B	-0.14%
	XEL	B	-0.14%
	APD	B	-0.14%
	ETR	B	-0.14%
	AMD	D	-0.14%
	ED	C	-0.14%
	ADI	C	-0.14%
	O	C	-0.13%
	VTRS	D	-0.13%
	MMC	C	-0.13%
	KDP	B	-0.13%
	L	C	-0.13%
	MU	F	-0.13%
	NKE	D	-0.13%
	DFS	B	-0.13%
	SPGI	B	-0.13%
	STT	A	-0.13%
	SLB	F	-0.13%
	DVN	F	-0.13%
	DHI	B	-0.13%
	EMR	D	-0.13%
	MA	B	-0.13%
	DHR	B	-0.13%
	HIG	B	-0.13%
	NUE	F	-0.12%
	ICE	C	-0.12%
	CCI	C	-0.12%
	CMI	C	-0.12%
	OKE	B	-0.12%
	AMAT	D	-0.12%
	NSC	C	-0.12%
	BX	B	-0.12%
	GIS	B	-0.12%
	WELL	C	-0.12%
	PCG	C	-0.12%
	SYY	D	-0.12%
	CSX	D	-0.11%
	RF	B	-0.11%
	FIS	B	-0.11%
	EIX	C	-0.11%
	HBAN	B	-0.11%
	CL	D	-0.11%
	PCAR	D	-0.11%
	BSX	B	-0.11%
	KMB	D	-0.11%
	ETN	C	-0.11%
	FITB	B	-0.11%
	CTSH	C	-0.11%
	VRTX	D	-0.11%
	LHX	C	-0.1%
	GLW	C	-0.1%
	WM	D	-0.1%
	EBAY	B	-0.1%
	BKR	C	-0.1%
	WEC	C	-0.1%
	TEL	D	-0.1%
	ISRG	B	-0.1%
	AMP	A	-0.1%
	FANG	D	-0.1%
	DTE	C	-0.1%
	EQT	D	-0.1%
	VICI	C	-0.1%
	BKNG	C	-0.1%
	CME	C	-0.1%
	UBER	C	-0.09%
	FOXA	B	-0.09%
	ADP	B	-0.09%
	CARR	B	-0.09%
	VTR	C	-0.09%
	PH	B	-0.09%
	EG	C	-0.09%
	AEE	C	-0.09%
	CTVA	B	-0.09%
	EQR	B	-0.09%
	BDX	D	-0.09%
	SYK	C	-0.09%
	ITW	C	-0.09%
	RSG	D	-0.09%
	BIIB	F	-0.09%
	ES	C	-0.09%
	PPL	C	-0.09%
	EQIX	C	-0.08%
	TT	B	-0.08%
	NXPI	F	-0.08%
	PSA	B	-0.08%
	AVB	B	-0.08%
	LRCX	F	-0.08%
	MRO	C	-0.08%
	CAG	C	-0.08%
	CBRE	A	-0.08%
	FNF	B	-0.08%
	FCX	D	-0.08%
	MAR	C	-0.08%
	HRL	C	-0.08%
	K	B	-0.08%
	WTW	C	-0.07%
	PANW	D	-0.07%
	PPG	D	-0.07%
	VST	C	-0.07%
	BAX	C	-0.07%
	URI	B	-0.07%
	HSY	C	-0.07%
	ROST	C	-0.07%
	NDAQ	A	-0.07%
	PHM	B	-0.07%
	CINF	B	-0.07%
	AON	B	-0.07%
	TROW	D	-0.07%
	NVR	B	-0.07%
	CNP	C	-0.07%
	WY	C	-0.07%
	ANET	B	-0.07%
	NTRS	A	-0.07%
	AZO	D	-0.07%
	TRGP	B	-0.07%
	HAL	F	-0.07%
	ORLY	C	-0.07%
	FE	C	-0.07%
	DGX	B	-0.06%
	IQV	C	-0.06%
	CTRA	D	-0.06%
	HES	F	-0.06%
	GPC	D	-0.06%
	KLAC	D	-0.06%
	ABNB	D	-0.06%
	LVS	D	-0.06%
	GRMN	D	-0.06%
	NOW	B	-0.06%
	AJG	D	-0.06%
	APH	D	-0.06%
	WBA	F	-0.06%
	ARE	C	-0.06%
	PAYX	C	-0.06%
	CF	C	-0.06%
	SPG	B	-0.06%
	IFF	B	-0.06%
	INTU	C	-0.06%
	CMS	C	-0.06%
	SWK	B	-0.06%
	AMCR	B	-0.06%
	APTV	D	-0.06%
	GPN	D	-0.06%
	AWK	B	-0.06%
	SHW	B	-0.06%
	RCL	B	-0.06%
	OMC	B	-0.06%
	IRM	C	-0.05%
	EA	D	-0.05%
	BALL	C	-0.05%
	MKC	C	-0.05%
	WDC	D	-0.05%
	ESS	B	-0.05%
	ECL	B	-0.05%
	INVH	C	-0.05%
	MOH	D	-0.05%
	MGM	F	-0.05%
	SWKS	D	-0.05%
	ON	D	-0.05%
	ZBH	F	-0.05%
	RJF	C	-0.05%
	GWW	B	-0.05%
	EXR	B	-0.05%
	ZTS	C	-0.05%
	MCHP	F	-0.05%
	CPB	C	-0.05%
	WRB	C	-0.05%
	BEN	F	-0.05%
	ROP	C	-0.05%
	MNST	D	-0.05%
	WPC	C	-0.05%
	STZ	D	-0.05%
	DG	F	-0.05%
	PWR	B	-0.04%
	HWM	B	-0.04%
	CEG	C	-0.04%
	TKO	B	-0.04%
	FAST	C	-0.04%
	A	C	-0.04%
	FTNT	C	-0.04%
	TSCO	C	-0.04%
	CPAY	B	-0.04%
	CDW	D	-0.04%
	DLR	B	-0.04%
	J	C	-0.04%
	EXPE	C	-0.04%
	NTAP	D	-0.04%
	EW	F	-0.04%
	ROK	D	-0.04%
	EXPD	C	-0.04%
	TXT	D	-0.04%
	ALB	D	-0.04%
	HST	C	-0.04%
	WAB	B	-0.04%
	CE	F	-0.04%
	CTAS	B	-0.04%
	DLTR	F	-0.04%
	MSI	B	-0.04%
	CMG	C	-0.04%
	PKG	B	-0.04%
	LNT	B	-0.04%
	SNPS	D	-0.04%
	EL	F	-0.04%
	MCO	B	-0.04%
	FOX	B	-0.04%
	STX	C	-0.04%
	CIVI	F	-0.04%
	MAA	B	-0.04%
	DRI	B	-0.04%
	IBKR	B	-0.04%
	ANSS	D	-0.03%
	STE	C	-0.03%
	ALGN	D	-0.03%
	CALM	A	-0.03%
	HOLX	B	-0.03%
	CLH	A	-0.03%
	ILMN	C	-0.03%
	CUBE	B	-0.03%
	RMD	C	-0.03%
	XYL	C	-0.03%
	GDDY	C	-0.03%
	TDG	B	-0.03%
	CSGP	D	-0.03%
	CZR	C	-0.03%
	LULU	D	-0.03%
	MAS	B	-0.03%
	ODFL	D	-0.03%
	NOG	D	-0.03%
	BURL	B	-0.03%
	VMC	D	-0.03%
	GEHC	C	-0.03%
	ULTA	D	-0.03%
	AMH	C	-0.03%
	SKX	D	-0.03%
	MLM	D	-0.03%
	NWSA	D	-0.03%
	CHD	D	-0.03%
	MRNA	F	-0.03%
	IT	B	-0.03%
	JBHT	D	-0.03%
	AKAM	D	-0.03%
	TDY	B	-0.03%
	SNA	C	-0.03%
	ADSK	C	-0.03%
	LYV	B	-0.03%
	CBOE	C	-0.03%
	CPRT	D	-0.03%
	UDR	C	-0.03%
	CLX	C	-0.03%
	FTV	C	-0.03%
	WSO	C	-0.03%
	FSLR	C	-0.03%
	CASY	D	-0.03%
	YUM	D	-0.03%
	AME	C	-0.03%
	KEYS	C	-0.03%
	DOV	B	-0.03%
	OTIS	C	-0.03%
	LBRT	D	-0.02%
	IIPR	B	-0.02%
	RGLD	C	-0.02%
	MTCH	C	-0.02%
	COLM	C	-0.02%
	MTN	D	-0.02%
	EXEL	C	-0.02%
	BYD	C	-0.02%
	MMS	C	-0.02%
	AOS	D	-0.02%
	BLD	D	-0.02%
	RUN	C	-0.02%
	ADNT	F	-0.02%
	CROX	D	-0.02%
	WYNN	D	-0.02%
	KRG	B	-0.02%
	NDSN	C	-0.02%
	WWD	D	-0.02%
	VLTO	C	-0.02%
	CIEN	C	-0.02%
	GXO	D	-0.02%
	REXR	C	-0.02%
	PTC	D	-0.02%
	BANC	B	-0.02%
	GNRC	D	-0.02%
	LII	B	-0.02%
	TTWO	C	-0.02%
	WAT	C	-0.02%
	ELS	C	-0.02%
	ATI	C	-0.02%
	MHO	B	-0.02%
	HLT	B	-0.02%
	TER	D	-0.02%
	CW	B	-0.02%
	TRMB	C	-0.02%
	CRS	B	-0.02%
	WFRD	F	-0.02%
	ENVA	C	-0.02%
	TYL	C	-0.02%
	SNEX	B	-0.02%
	SBAC	C	-0.02%
	DECK	C	-0.02%
	IR	C	-0.02%
	ERIE	B	-0.02%
	H	C	-0.02%
	EFX	B	-0.02%
	MTD	D	-0.02%
	ZBRA	B	-0.02%
	DAR	F	-0.02%
	INCY	C	-0.02%
	COKE	C	-0.02%
	BR	D	-0.02%
	CEIX	D	-0.02%
	LNW	B	-0.02%
	VRSN	D	-0.02%
	ALV	F	-0.02%
	AVY	C	-0.02%
	MTDR	F	-0.02%
	IDXX	C	-0.02%
	CDNS	D	-0.02%
	NOV	F	-0.02%
	TWI	D	-0.01%
	FBNC	B	-0.01%
	MCRI	C	-0.01%
	FIVE	D	-0.01%
	MYRG	F	-0.01%
	MSGS	B	-0.01%
	JBT	D	-0.01%
	CVLT	B	-0.01%
	HAE	F	-0.01%
	EZPW	D	-0.01%
	BRKR	D	-0.01%
	RES	D	-0.01%
	CHH	C	-0.01%
	CUBI	F	-0.01%
	GDOT	C	-0.01%
	CORT	C	-0.01%
	CHE	C	-0.01%
	HLX	F	-0.01%
	RDNT	B	-0.01%
	CHEF	D	-0.01%
	FIZZ	D	-0.01%
	UCTT	F	-0.01%
	MRCY	D	-0.01%
	FORM	F	-0.01%
	VIR	F	-0.01%
	HWKN	C	-0.01%
	SMPL	D	-0.01%
	HQY	C	-0.01%
	FSS	D	-0.01%
	PAYC	D	-0.01%
	MODG	F	-0.01%
	PLAB	F	-0.01%
	WST	D	-0.01%
	EFC	B	-0.01%
	RCM	C	-0.01%
	PCTY	C	-0.01%
	AWI	B	-0.01%
	CPK	B	-0.01%
	CWT	C	-0.01%
	RGEN	F	-0.01%
	SXC	F	-0.01%
	MASI	F	-0.01%
	NBR	F	-0.01%
	TPX	C	-0.01%
	YELP	F	-0.01%
	EXP	B	-0.01%
	SBCF	C	-0.01%
	ASIX	C	-0.01%
	CGNX	F	-0.01%
	GTLS	F	-0.01%
	BRBR	C	-0.01%
	MMSI	B	-0.01%
	JJSF	C	-0.01%
	CARG	B	-0.01%
	HXL	F	-0.01%
	KLIC	F	-0.01%
	CASH	B	-0.01%
	OII	D	-0.01%
	KWR	D	-0.01%
	FELE	C	-0.01%
	OLED	C	-0.01%
	MORN	C	-0.01%
	NOVT	D	-0.01%
	MEDP	F	-0.01%
	CPF	B	-0.01%
	PJT	B	-0.01%
	TBBK	B	-0.01%
	TREX	D	-0.01%
	EXLS	B	-0.01%
	ONTO	D	-0.01%
	ALKS	C	-0.01%
	VC	F	-0.01%
	LANC	D	-0.01%
	PLUS	A	-0.01%
	DAY	D	-0.01%
	CVCO	A	-0.01%
	MTSI	D	-0.01%
	FCPT	C	-0.01%
	IBP	D	-0.01%
	DORM	B	-0.01%
	FTDR	B	-0.01%
	AVAV	C	-0.01%
	BCPC	C	-0.01%
	AHCO	C	-0.01%
	STC	B	-0.01%
	DCOM	B	-0.01%
	DOCS	B	-0.01%
	BWXT	D	-0.01%
	HALO	C	-0.01%
	FBK	B	-0.01%
	SPTN	C	-0.01%
	SCVL	B	-0.01%
	WGO	D	-0.01%
	LGIH	C	-0.01%
	SSD	D	-0.01%
	BOOT	A	-0.01%
	FND	C	-0.01%
	ORA	C	-0.01%
	CHX	F	-0.01%
	CRK	D	-0.01%
	NBIX	F	-0.01%
	DT	C	-0.01%
	NWS	D	-0.01%
	DXCM	F	-0.01%
	HGV	F	-0.01%
	ETSY	F	-0.01%
	DIOD	F	-0.01%
	PODD	B	-0.01%
	DLB	D	-0.01%
	WMS	D	-0.01%
	SAIA	D	-0.01%
	EXPI	C	-0.01%
	LNTH	D	-0.01%
	IRT	B	-0.01%
	SBSI	B	-0.01%
	PARR	F	-0.01%
	CNM	F	-0.01%
	LOPE	D	-0.01%
	CNXN	B	-0.01%
	DPZ	F	-0.01%
	ITRI	C	-0.01%
	WH	B	-0.01%
	ROL	C	-0.01%
	ENSG	B	-0.01%
	NEU	D	-0.01%
	POOL	C	-0.01%
	SHC	C	-0.01%
	LPG	F	-0.01%
	PATK	B	-0.01%
	KLG	C	-0.01%
	RBC	C	-0.01%
	SABR	D	-0.01%
	MKTX	C	-0.01%
	RH	B	-0.01%
	VAL	F	-0.01%
	PSTG	F	-0.01%
	FN	D	-0.01%
	LECO	F	-0.01%
	OPCH	C	-0.01%
	CCS	B	-0.01%
	NSA	B	-0.01%
	OLLI	C	-0.01%
	LW	D	-0.01%
	LCII	C	-0.01%
	TTC	D	-0.01%
	ACIW	B	-0.01%
	GGG	C	-0.01%
	AXON	B	-0.01%
	CCOI	C	-0.01%
	KW	C	-0.01%
	RC	F	-0.01%
	LSTR	D	-0.01%
	FIX	B	-0.01%
	DEA	B	-0.01%
	AMR	F	-0.01%
	VRSK	D	-0.01%
	HLI	B	-0.01%
	FDS	C	-0.01%
	GNTX	F	-0.01%
	LFUS	C	-0.01%
	GRBK	B	-0.01%
	EPRT	B	-0.01%
	VBTX	B	-0.01%
	ENPH	D	-0.01%
	CRL	F	-0.01%
	WEX	C	-0.01%
	MSCI	C	-0.01%
	SMCI	F	-0.01%
	GMED	D	-0.01%
	DBX	D	-0.01%
	CHDN	C	-0.01%
	MPWR	C	-0.01%
	JKHY	B	-0.01%
	SLVM	B	-0.01%
	TXRH	C	-0.01%
	EEFT	D	-0.01%
	TALO	D	-0.01%
	FICO	B	-0.01%
	MGY	C	-0.01%
	NMIH	B	-0.01%
	VICR	D	-0.0%
	DDD	F	-0.0%
	XPEL	D	-0.0%
	CHUY	C	-0.0%
	NARI	F	-0.0%
	WOLF	F	-0.0%
	AGYS	D	-0.0%
	LESL	F	-0.0%
	VCEL	D	-0.0%
	GOGO	F	-0.0%
	MSEX	C	-0.0%
	RILY	F	-0.0%
	TTGT	F	-0.0%
	SNCY	D	-0.0%
	STAA	F	-0.0%
	CHCT	F	-0.0%
	CERT	F	-0.0%
	COHU	F	-0.0%
	SITM	B	-0.0%
	CRSR	F	-0.0%
	HCI	C	-0.0%
	ELF	F	-0.0%
	AAON	B	-0.0%
	ARWR	F	-0.0%
	CELH	F	-0.0%
	LQDT	B	-0.0%
	BMI	A	-0.0%
	PGNY	F	-0.0%
	RGNX	F	-0.0%
	CEVA	C	-0.0%
	SSTK	F	-0.0%
	ICHR	F	-0.0%
	JBSS	D	-0.0%
	TNDM	C	-0.0%
	DGII	D	-0.0%
	HVT	D	-0.0%
	GKOS	C	-0.0%
	MYE	D	-0.0%
	NXRT	C	-0.0%
	DV	F	-0.0%
	EPAC	B	-0.0%
	PEN	D	-0.0%
	CTS	D	-0.0%
	VVI	D	-0.0%
	WSR	D	-0.0%
	TRUP	C	-0.0%
	IIIN	D	-0.0%
	AHH	B	-0.0%
	CYTK	F	-0.0%
	CPRX	A	-0.0%
	GPRE	F	-0.0%
	SLAB	D	-0.0%
	SEDG	F	-0.0%
	IRWD	F	-0.0%
	CCRN	F	-0.0%
	SHEN	F	-0.0%
	HSII	C	-0.0%
	PRVA	F	-0.0%
	XNCR	C	-0.0%
	SONO	D	-0.0%
	COLL	C	-0.0%
	LNN	D	-0.0%
	VECO	F	-0.0%
	TNC	F	-0.0%
	WING	B	-0.0%
	POWI	F	-0.0%
	YETI	D	-0.0%
	IRDM	D	-0.0%
	THRM	D	-0.0%
	EXTR	C	-0.0%
	MTUS	F	-0.0%
	HRMY	B	-0.0%
	ALG	D	-0.0%
	THRY	D	-0.0%
	SGH	F	-0.0%
	SPSC	D	-0.0%
	KNSL	C	-0.0%
	WDFC	C	-0.0%
	MCW	F	-0.0%
	ALRM	F	-0.0%
	BSIG	B	-0.0%
	QLYS	F	-0.0%
	LIVN	D	-0.0%
	AMSF	C	-0.0%
	LSCC	D	-0.0%
	GDEN	D	-0.0%
	DXPE	C	-0.0%
	SJW	C	-0.0%
	MOV	F	-0.0%
	AMPH	C	-0.0%
	ZEUS	F	-0.0%
	USPH	F	-0.0%
	REX	D	-0.0%
	RMBS	F	-0.0%
	CVGW	C	-0.0%
	POWL	C	-0.0%
	UFPT	B	-0.0%
	MERC	F	-0.0%
	CENX	D	-0.0%
	CNMD	D	-0.0%
	RAMP	F	-0.0%
	NVEE	F	-0.0%
	SMP	C	-0.0%
	MGPI	D	-0.0%
	DFIN	B	-0.0%
	PLMR	C	-0.0%
	DVAX	D	-0.0%
	CALX	D	-0.0%
	PRFT	B	-0.0%
	HAYN	D	-0.0%
	MANH	B	-0.0%
	PLAY	F	-0.0%
	EXPO	A	-0.0%
	PLNT	B	-0.0%
	RCUS	C	-0.0%
	LKFN	C	-0.0%
	SAM	F	-0.0%
	JOE	C	-0.0%
	TRIP	F	-0.0%
	MRTN	D	-0.0%
	CLW	F	-0.0%
	CRVL	B	-0.0%
	SMTC	C	-0.0%
	FLGT	D	-0.0%
	ALGT	F	-0.0%
	CNSL	B	-0.0%
	HLIT	C	-0.0%
	ENV	C	-0.0%
	BOX	C	-0.0%
	VTOL	D	-0.0%
	ROG	F	-0.0%
	ETH	D	-0.0%
	ASTH	B	-0.0%
	HFWA	C	-0.0%
	PAHC	B	-0.0%
	ZI	D	-0.0%
	MP	D	-0.0%
	IPAR	F	-0.0%
	AOSL	D	-0.0%
	HZO	C	-0.0%
	HAFC	C	-0.0%
	ALGM	F	-0.0%
	NEO	C	-0.0%
	QNST	B	-0.0%
	ACLS	F	-0.0%
	FOXF	D	-0.0%
	PFBC	D	-0.0%
	NEOG	D	-0.0%
	TRST	C	-0.0%
	VRRM	D	-0.0%
	PRDO	D	-0.0%
	TECH	C	-0.0%
	TR	C	-0.0%
	UTL	C	-0.0%
	ROCK	D	-0.0%
	ADUS	B	-0.0%
	AEIS	D	-0.0%
	SHAK	C	-0.0%

VBR: Top Represented Industries & Keywords

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

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

VLU: Top Represented Industries & Keywords

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

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