VFMO vs. VLU ETF Comparison

Comparison of Vanguard U.S. Momentum Factor ETF (VFMO) to SPDR S&P 1500 Value Tilt ETF (VLU)

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$172.34

Average Daily Volume

37,966

Number of Holdings ^*

575

* 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

$189.94

Average Daily Volume

6,411

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

Performance

Period	VFMO	VLU
30 Days	3.35%	1.31%
60 Days	7.55%	4.04%
90 Days	10.15%	6.78%
12 Months	45.30%	28.87%

309 Overlapping Holdings

	Symbol	Grade	Weight in VFMO	Weight in VLU	Overlap
	AA	A	0.02%	0.04%	0.02%
	AAON	B	0.02%	0.0%	0.0%
	ACGL	D	0.16%	0.12%	0.12%
	ACIW	B	0.03%	0.01%	0.01%
	ADUS	D	0.06%	0.0%	0.0%
	AFL	C	0.49%	0.21%	0.21%
	AGO	A	0.2%	0.02%	0.02%
	AGYS	A	0.07%	0.0%	0.0%
	AIG	C	0.03%	0.24%	0.03%
	AIT	B	0.13%	0.02%	0.02%
	AIZ	A	0.07%	0.04%	0.04%
	AJG	B	0.17%	0.06%	0.06%
	ALL	A	0.22%	0.16%	0.16%
	ALLY	C	0.07%	0.08%	0.07%
	AM	A	0.08%	0.02%	0.02%
	ANET	C	1.27%	0.07%	0.07%
	ANET	C	0.06%	0.07%	0.06%
	ANF	C	0.27%	0.01%	0.01%
	AORT	B	0.08%	0.0%	0.0%
	AOSL	C	0.07%	0.0%	0.0%
	APH	B	0.72%	0.06%	0.06%
	AROC	A	0.28%	0.01%	0.01%
	ATGE	B	0.14%	0.01%	0.01%
	ATI	C	0.12%	0.02%	0.02%
	AVAV	C	0.17%	0.01%	0.01%
	AVGO	C	0.68%	0.42%	0.42%
	AWI	B	0.38%	0.01%	0.01%
	AX	B	0.04%	0.02%	0.02%
	AXON	A	0.19%	0.02%	0.02%
	AXP	B	0.65%	0.35%	0.35%
	AYI	B	0.13%	0.02%	0.02%
	AZZ	A	0.2%	0.01%	0.01%
	BAC	A	0.11%	1.57%	0.11%
	BALL	D	0.04%	0.04%	0.04%
	BFH	B	0.11%	0.02%	0.02%
	BGC	C	0.12%	0.01%	0.01%
	BHE	B	0.02%	0.02%	0.02%
	BJ	B	0.02%	0.03%	0.02%
	BK	B	0.71%	0.29%	0.29%
	BKU	A	0.1%	0.03%	0.03%
	BLD	F	0.13%	0.01%	0.01%
	BRBR	A	0.2%	0.01%	0.01%
	BRO	B	0.07%	0.04%	0.04%
	BSX	A	0.89%	0.11%	0.11%
	BURL	A	0.16%	0.03%	0.03%
	C	B	1.21%	1.13%	1.13%
	CACI	C	0.02%	0.03%	0.02%
	CAL	F	0.04%	0.0%	0.0%
	CALM	A	0.09%	0.03%	0.03%
	CASH	B	0.15%	0.01%	0.01%
	CASY	A	0.12%	0.03%	0.03%
	CBOE	C	0.06%	0.03%	0.03%
	CBSH	A	0.11%	0.02%	0.02%
	CENT	C	0.04%	0.0%	0.0%
	CENX	B	0.08%	0.01%	0.01%
	CFG	B	0.19%	0.18%	0.18%
	CHCO	B	0.07%	0.01%	0.01%
	CL	D	0.7%	0.09%	0.09%
	CLH	C	0.16%	0.03%	0.03%
	CMG	C	0.82%	0.04%	0.04%
	CNK	A	0.11%	0.03%	0.03%
	CNM	C	0.24%	0.01%	0.01%
	CNO	B	0.09%	0.04%	0.04%
	CNX	A	0.04%	0.05%	0.04%
	COHR	B	0.15%	0.03%	0.03%
	COKE	C	0.22%	0.03%	0.03%
	COLL	F	0.12%	0.0%	0.0%
	COOP	B	0.17%	0.05%	0.05%
	COR	B	0.18%	0.36%	0.18%
	COST	A	0.89%	0.28%	0.28%
	CPF	B	0.11%	0.01%	0.01%
	CR	A	0.22%	0.03%	0.03%
	CROX	F	0.07%	0.01%	0.01%
	CRS	A	0.24%	0.02%	0.02%
	CRUS	F	0.2%	0.01%	0.01%
	CRVL	A	0.05%	0.0%	0.0%
	CSL	C	0.19%	0.03%	0.03%
	CTAS	B	0.73%	0.04%	0.04%
	CTS	C	0.03%	0.0%	0.0%
	CVLT	B	0.4%	0.01%	0.01%
	CW	B	0.14%	0.02%	0.02%
	CXW	B	0.08%	0.02%	0.02%
	DECK	A	0.33%	0.02%	0.02%
	DFIN	D	0.03%	0.0%	0.0%
	DHI	D	0.77%	0.1%	0.1%
	DKS	D	0.17%	0.03%	0.03%
	DORM	B	0.07%	0.01%	0.01%
	DTM	A	0.12%	0.03%	0.03%
	DVA	C	0.38%	0.06%	0.06%
	DXPE	B	0.04%	0.0%	0.0%
	EAT	A	0.03%	0.02%	0.02%
	EHC	B	0.22%	0.02%	0.02%
	EME	A	0.48%	0.03%	0.03%
	ENSG	D	0.15%	0.01%	0.01%
	EPAC	B	0.03%	0.0%	0.0%
	ESAB	C	0.16%	0.01%	0.01%
	ETN	B	0.11%	0.12%	0.11%
	EVR	B	0.2%	0.02%	0.02%
	EWBC	A	0.06%	0.05%	0.05%
	EXEL	B	0.0%	0.01%	0.0%
	EXP	B	0.13%	0.01%	0.01%
	FANG	D	0.29%	0.1%	0.1%
	FBK	B	0.05%	0.01%	0.01%
	FBP	B	0.31%	0.01%	0.01%
	FCF	B	0.03%	0.01%	0.01%
	FHN	A	0.02%	0.06%	0.02%
	FICO	B	0.23%	0.02%	0.02%
	FITB	B	0.34%	0.12%	0.12%
	FIX	A	0.35%	0.01%	0.01%
	FN	B	0.04%	0.01%	0.01%
	FNF	A	0.05%	0.08%	0.05%
	FSS	B	0.05%	0.01%	0.01%
	FULT	B	0.04%	0.02%	0.02%
	GAP	D	0.1%	0.04%	0.04%
	GBCI	B	0.1%	0.02%	0.02%
	GBX	B	0.02%	0.02%	0.02%
	GD	D	0.26%	0.21%	0.21%
	GDDY	A	0.37%	0.03%	0.03%
	GE	D	1.14%	0.27%	0.27%
	GEO	A	0.08%	0.03%	0.03%
	GFF	B	0.18%	0.01%	0.01%
	GKOS	A	0.26%	0.0%	0.0%
	GM	B	0.35%	0.55%	0.35%
	GMS	B	0.05%	0.01%	0.01%
	GPI	B	0.03%	0.05%	0.03%
	GRBK	D	0.12%	0.01%	0.01%
	GRMN	B	0.32%	0.07%	0.07%
	GS	B	0.18%	0.59%	0.18%
	GWW	B	0.17%	0.06%	0.06%
	HALO	F	0.19%	0.01%	0.01%
	HASI	F	0.11%	0.01%	0.01%
	HBAN	B	0.35%	0.13%	0.13%
	HCA	F	0.72%	0.18%	0.18%
	HCC	B	0.11%	0.03%	0.03%
	HCI	C	0.1%	0.0%	0.0%
	HIG	B	0.19%	0.13%	0.13%
	HLT	A	0.3%	0.02%	0.02%
	HLX	C	0.02%	0.01%	0.01%
	HNI	B	0.11%	0.01%	0.01%
	HRB	D	0.12%	0.02%	0.02%
	HUBB	B	0.02%	0.03%	0.02%
	HWKN	B	0.13%	0.01%	0.01%
	HWM	A	0.07%	0.04%	0.04%
	IBKR	A	0.13%	0.06%	0.06%
	IBM	C	0.21%	0.41%	0.21%
	IBOC	B	0.08%	0.02%	0.02%
	IBP	F	0.13%	0.01%	0.01%
	IFF	D	0.05%	0.05%	0.05%
	INGR	B	0.14%	0.03%	0.03%
	INVA	C	0.2%	0.01%	0.01%
	IP	A	0.06%	0.17%	0.06%
	ISRG	A	0.7%	0.1%	0.1%
	IT	C	0.05%	0.03%	0.03%
	ITGR	B	0.1%	0.01%	0.01%
	ITRI	B	0.02%	0.01%	0.01%
	JEF	A	0.15%	0.06%	0.06%
	JLL	D	0.21%	0.05%	0.05%
	JPM	A	0.02%	1.53%	0.02%
	JXN	C	0.22%	0.07%	0.07%
	KBH	D	0.3%	0.02%	0.02%
	KD	A	0.18%	0.03%	0.03%
	KEX	B	0.17%	0.02%	0.02%
	KLAC	F	0.94%	0.04%	0.04%
	KLG	D	0.06%	0.01%	0.01%
	KMPR	A	0.02%	0.02%	0.02%
	KTB	A	0.08%	0.02%	0.02%
	LBRT	F	0.02%	0.01%	0.01%
	LDOS	C	0.2%	0.05%	0.05%
	LEN	D	0.05%	0.13%	0.05%
	LII	A	0.13%	0.02%	0.02%
	LLY	F	1.07%	0.19%	0.19%
	LMT	D	0.33%	0.32%	0.32%
	LNTH	F	0.18%	0.01%	0.01%
	LNW	F	0.12%	0.02%	0.02%
	LOPE	B	0.03%	0.01%	0.01%
	LPG	F	0.1%	0.01%	0.01%
	LPX	B	0.2%	0.02%	0.02%
	LRN	A	0.22%	0.01%	0.01%
	LUMN	C	0.13%	0.08%	0.08%
	M	D	0.03%	0.04%	0.03%
	MATX	B	0.11%	0.02%	0.02%
	MCK	A	0.63%	0.39%	0.39%
	MCY	B	0.17%	0.02%	0.02%
	MEDP	D	0.13%	0.01%	0.01%
	META	C	1.15%	1.68%	1.15%
	MHK	D	0.31%	0.06%	0.06%
	MLI	B	0.1%	0.03%	0.03%
	MLKN	F	0.16%	0.01%	0.01%
	MMM	D	0.77%	0.27%	0.27%
	MO	A	0.18%	0.36%	0.18%
	MOG.A	B	0.17%	0.02%	0.02%
	MPWR	F	0.26%	0.01%	0.01%
	MSA	D	0.02%	0.0%	0.0%
	MSI	B	0.27%	0.04%	0.04%
	MTB	A	0.37%	0.18%	0.18%
	MTG	D	0.11%	0.03%	0.03%
	MTX	C	0.08%	0.01%	0.01%
	MUSA	B	0.19%	0.04%	0.04%
	NBHC	B	0.05%	0.01%	0.01%
	NBTB	B	0.08%	0.01%	0.01%
	NEM	D	0.46%	0.13%	0.13%
	NEU	D	0.09%	0.01%	0.01%
	NFLX	A	1.12%	0.19%	0.19%
	NHC	B	0.13%	0.01%	0.01%
	NMIH	D	0.03%	0.01%	0.01%
	NPO	A	0.09%	0.01%	0.01%
	NTAP	C	0.39%	0.04%	0.04%
	NVDA	A	0.71%	0.36%	0.36%
	NVR	D	0.12%	0.06%	0.06%
	NVRI	F	0.06%	0.0%	0.0%
	NWSA	B	0.03%	0.03%	0.03%
	OC	A	0.03%	0.05%	0.03%
	OFG	B	0.08%	0.01%	0.01%
	OII	B	0.09%	0.01%	0.01%
	OLLI	D	0.04%	0.01%	0.01%
	ORI	A	0.23%	0.04%	0.04%
	OSIS	A	0.04%	0.01%	0.01%
	PAHC	B	0.12%	0.0%	0.0%
	PATK	D	0.08%	0.01%	0.01%
	PBI	B	0.05%	0.01%	0.01%
	PFBC	B	0.08%	0.01%	0.01%
	PFGC	B	0.02%	0.11%	0.02%
	PGR	B	0.97%	0.18%	0.18%
	PH	B	0.2%	0.1%	0.1%
	PHIN	B	0.1%	0.01%	0.01%
	PHM	D	0.19%	0.06%	0.06%
	PLMR	A	0.02%	0.0%	0.0%
	PM	A	0.27%	0.56%	0.27%
	PNC	B	0.37%	0.41%	0.37%
	PNR	B	0.09%	0.02%	0.02%
	POWL	C	0.26%	0.01%	0.01%
	PPC	B	0.22%	0.02%	0.02%
	PRDO	B	0.1%	0.01%	0.01%
	PRG	C	0.03%	0.02%	0.02%
	PRI	A	0.11%	0.02%	0.02%
	PRK	B	0.11%	0.01%	0.01%
	PSTG	F	0.32%	0.01%	0.01%
	PWR	A	0.09%	0.04%	0.04%
	QNST	C	0.08%	0.0%	0.0%
	RCL	A	0.27%	0.08%	0.08%
	RDN	D	0.07%	0.03%	0.03%
	RDNT	B	0.08%	0.01%	0.01%
	REGN	F	0.54%	0.1%	0.1%
	REX	D	0.06%	0.0%	0.0%
	RGA	B	0.07%	0.13%	0.07%
	RL	C	0.18%	0.03%	0.03%
	RMD	C	0.2%	0.02%	0.02%
	ROST	D	0.02%	0.06%	0.02%
	RTX	D	0.79%	0.44%	0.44%
	RUN	F	0.12%	0.01%	0.01%
	SAFT	B	0.03%	0.01%	0.01%
	SCSC	B	0.02%	0.01%	0.01%
	SCVL	F	0.03%	0.01%	0.01%
	SEM	B	0.1%	0.02%	0.02%
	SFBS	B	0.06%	0.01%	0.01%
	SFM	A	0.57%	0.03%	0.03%
	SHAK	C	0.09%	0.01%	0.01%
	SHOO	D	0.04%	0.01%	0.01%
	SKX	F	0.19%	0.02%	0.02%
	SKYW	B	0.34%	0.02%	0.02%
	SLM	B	0.16%	0.02%	0.02%
	SLVM	C	0.1%	0.01%	0.01%
	SNV	B	0.16%	0.04%	0.04%
	SPNT	A	0.09%	0.01%	0.01%
	STBA	B	0.09%	0.01%	0.01%
	STC	B	0.31%	0.01%	0.01%
	SXI	B	0.07%	0.0%	0.0%
	T	A	1.02%	1.4%	1.02%
	TDG	D	0.76%	0.02%	0.02%
	TDS	B	0.11%	0.03%	0.03%
	TFC	A	0.73%	0.54%	0.54%
	TFIN	B	0.04%	0.01%	0.01%
	TGI	A	0.03%	0.0%	0.0%
	THC	C	0.22%	0.06%	0.06%
	TILE	B	0.1%	0.0%	0.0%
	TJX	A	0.27%	0.16%	0.16%
	TKO	A	0.06%	0.04%	0.04%
	TMUS	B	0.57%	0.43%	0.43%
	TNC	F	0.1%	0.0%	0.0%
	TNDM	F	0.15%	0.0%	0.0%
	TOL	B	0.19%	0.05%	0.05%
	TRGP	A	0.21%	0.09%	0.09%
	TRMK	B	0.04%	0.01%	0.01%
	TRN	A	0.03%	0.03%	0.03%
	TT	A	0.94%	0.08%	0.08%
	TTEK	F	0.13%	0.01%	0.01%
	TYL	B	0.06%	0.02%	0.02%
	UBER	F	0.03%	0.08%	0.03%
	UFPT	C	0.07%	0.0%	0.0%
	UHS	D	0.2%	0.05%	0.05%
	UMBF	B	0.15%	0.02%	0.02%
	URI	B	0.26%	0.07%	0.07%
	USFD	A	0.06%	0.08%	0.06%
	UTHR	C	0.2%	0.04%	0.04%
	VCEL	A	0.04%	0.0%	0.0%
	VRTX	D	0.57%	0.1%	0.1%
	WAB	B	0.23%	0.04%	0.04%
	WDFC	B	0.05%	0.0%	0.0%
	WING	D	0.47%	0.0%	0.0%
	WMB	A	0.02%	0.19%	0.02%
	WMT	A	0.66%	1.82%	0.66%
	WRB	B	0.1%	0.05%	0.05%
	WSM	D	0.22%	0.02%	0.02%
	WSO	A	0.08%	0.04%	0.04%
	WTFC	B	0.15%	0.03%	0.03%
	WTW	B	0.32%	0.07%	0.07%
	WWD	B	0.09%	0.02%	0.02%
	WWW	A	0.03%	0.01%	0.01%
	XPO	B	0.23%	0.04%	0.04%

VFMO Overweight 266 Positions Relative to VLU

	Symbol	Grade	Weight
	KKR	A	1.17%
	PLTR	A	0.66%
	APP	A	0.66%
	SPOT	B	0.52%
	VRT	A	0.48%
	NTRA	A	0.4%
	ALSN	B	0.38%
	NU	C	0.37%
	DELL	B	0.36%
	BPOP	C	0.33%
	CVNA	A	0.33%
	INSM	C	0.3%
	AXS	A	0.28%
	PCVX	D	0.28%
	VITL	D	0.27%
	ADMA	C	0.26%
	IESC	A	0.26%
	FRPT	A	0.26%
	SN	D	0.25%
	SMMT	D	0.23%
	TPG	A	0.23%
	DHT	D	0.22%
	EWTX	C	0.22%
	ASPN	F	0.22%
	MSTR	A	0.22%
	CSWI	A	0.21%
	OSCR	C	0.21%
	REVG	B	0.2%
	BKD	F	0.2%
	HOOD	A	0.2%
	LMB	A	0.2%
	CDE	C	0.2%
	ALNY	D	0.2%
	CRBG	B	0.2%
	GWRE	A	0.2%
	VCTR	B	0.19%
	FTI	A	0.19%
	NPAB	F	0.19%
	BPMC	C	0.19%
	SCCO	F	0.18%
	BLBD	F	0.18%
	VKTX	F	0.18%
	HIMS	C	0.17%
	TNK	F	0.17%
	RSI	B	0.17%
	ARES	A	0.17%
	PI	D	0.17%
	SFL	D	0.17%
	BFAM	F	0.17%
	EVER	F	0.16%
	PSN	C	0.16%
	CRDO	B	0.16%
	RKT	F	0.16%
	RNA	C	0.16%
	SKWD	A	0.16%
	WULF	C	0.16%
	TPC	C	0.16%
	APLT	C	0.16%
	LBPH	A	0.16%
	CRNX	C	0.15%
	STRL	A	0.15%
	OWL	A	0.15%
	INSW	F	0.15%
	TREE	F	0.15%
	AMRX	C	0.15%
	JANX	C	0.15%
	SGBX	F	0.15%
	ZETA	D	0.14%
	RVMD	B	0.14%
	COMP	B	0.14%
	HL	C	0.14%
	ROAD	A	0.14%
	SMR	A	0.13%
	COIN	A	0.13%
	CDRE	F	0.13%
	DYN	F	0.13%
	MOD	A	0.13%
	PNTG	D	0.13%
	VERA	C	0.13%
	CPNG	D	0.13%
	ANAB	F	0.13%
	YMAB	F	0.13%
	IMNM	F	0.12%
	AMSC	C	0.12%
	ABUS	D	0.12%
	VIRT	A	0.12%
	EOLS	F	0.12%
	PTGX	D	0.12%
	PRIM	A	0.12%
	PTVE	B	0.12%
	PHAT	F	0.12%
	CDNA	D	0.12%
	UTI	A	0.12%
	GPOR	A	0.12%
	BV	C	0.12%
	RYTM	C	0.12%
	NR	C	0.11%
	RXST	F	0.11%
	PRMW	C	0.11%
	AGX	B	0.11%
	LQDA	F	0.11%
	IBCP	B	0.11%
	TPB	A	0.11%
	TDW	F	0.11%
	NNBR	C	0.11%
	SCS	B	0.11%
	NUVL	D	0.11%
	ANNX	F	0.11%
	LTH	C	0.1%
	BAH	D	0.1%
	KRYS	C	0.1%
	ACLX	C	0.1%
	SPRY	C	0.1%
	SOUN	C	0.1%
	HROW	D	0.1%
	MAX	F	0.1%
	NRIX	C	0.1%
	ZIMV	F	0.1%
	OCUL	C	0.1%
	TMDX	F	0.1%
	ALHC	C	0.1%
	CADL	F	0.1%
	VERX	A	0.1%
	NVAX	F	0.1%
	UWMC	D	0.1%
	PRCT	B	0.1%
	RVLV	B	0.1%
	ACIC	B	0.1%
	AMAL	B	0.1%
	FCNCA	A	0.1%
	AQST	D	0.1%
	CBZ	B	0.09%
	TWST	F	0.09%
	FG	B	0.09%
	SAVA	C	0.09%
	PLSE	C	0.09%
	HUMA	F	0.09%
	GOGL	C	0.09%
	CRAI	B	0.09%
	DOLE	D	0.09%
	HY	D	0.09%
	GNK	D	0.09%
	BELFB	C	0.09%
	UVE	A	0.09%
	GRND	A	0.09%
	BLX	B	0.08%
	HEI	A	0.08%
	MNMD	C	0.08%
	CGEM	F	0.08%
	RYAN	B	0.08%
	GERN	F	0.08%
	EGY	F	0.08%
	CECO	C	0.08%
	STNG	D	0.08%
	NKTX	F	0.08%
	CMPR	F	0.08%
	PRM	B	0.08%
	TK	D	0.08%
	OMF	A	0.08%
	OCGN	F	0.08%
	ALKT	B	0.08%
	AGIO	C	0.07%
	INOD	B	0.07%
	USAP	A	0.07%
	LAUR	A	0.07%
	CNA	C	0.07%
	ICFI	F	0.07%
	KURA	F	0.07%
	GCI	D	0.07%
	KALV	F	0.07%
	STOK	D	0.07%
	VRNS	D	0.06%
	WAL	B	0.06%
	SWTX	C	0.06%
	NMRK	B	0.06%
	HRTX	F	0.06%
	SIGA	F	0.06%
	CSTL	C	0.06%
	LRMR	D	0.06%
	NUVB	C	0.06%
	VSEC	B	0.06%
	OSW	B	0.06%
	ACVA	A	0.06%
	TGTX	B	0.06%
	DAKT	B	0.06%
	VNDA	C	0.05%
	TSHA	D	0.05%
	ARLO	C	0.05%
	IDYA	F	0.05%
	ACT	D	0.05%
	NTNX	B	0.05%
	CRMD	C	0.05%
	AGM	B	0.05%
	SRCE	B	0.05%
	STEP	B	0.05%
	HRTG	C	0.05%
	SPB	C	0.05%
	BAND	D	0.05%
	SPOK	B	0.04%
	TERN	F	0.04%
	HNST	A	0.04%
	NSSC	F	0.04%
	CYH	F	0.04%
	IDT	B	0.04%
	ELEV	D	0.04%
	OUST	C	0.04%
	EU	D	0.04%
	TPL	A	0.04%
	UVSP	B	0.04%
	APPF	C	0.04%
	KTOS	C	0.04%
	GABC	B	0.04%
	RYAM	C	0.04%
	CLSK	C	0.04%
	ARQT	C	0.04%
	MBWM	B	0.03%
	DJCO	B	0.03%
	ITOS	F	0.03%
	MBIN	F	0.03%
	QTWO	B	0.03%
	WVE	C	0.03%
	ELVN	C	0.03%
	SB	D	0.03%
	MIR	A	0.03%
	BLND	A	0.03%
	PFSI	C	0.03%
	REAX	C	0.03%
	TOWN	B	0.03%
	HOV	D	0.03%
	UHAL	D	0.03%
	CMRE	B	0.03%
	INO	F	0.03%
	LMAT	A	0.03%
	IMMR	F	0.03%
	PACK	C	0.03%
	SRRK	B	0.02%
	ABSI	F	0.02%
	GTES	A	0.02%
	BDTX	F	0.02%
	DCO	B	0.02%
	MDGL	C	0.02%
	INGN	C	0.02%
	DAWN	D	0.02%
	SVRA	F	0.02%
	ASC	D	0.02%
	DDS	B	0.02%
	HEAR	C	0.02%
	BRCC	F	0.02%
	LXRX	F	0.02%
	LFMD	C	0.02%
	THR	B	0.02%
	ATEX	F	0.02%
	SPNS	F	0.02%
	AIOT	A	0.02%
	METC	C	0.02%
	FOR	F	0.02%
	FNKO	D	0.02%
	MRSN	C	0.02%
	ANIP	D	0.02%
	QCRH	B	0.02%
	CELC	F	0.02%
	GOLF	B	0.02%
	USLM	A	0.02%
	PAR	A	0.02%
	EFSC	B	0.02%
	APEI	B	0.0%

VFMO Underweight 1111 Positions Relative to VLU

	Symbol	Grade	Weight
	BRK.A	B	-2.43%
	AAPL	C	-2.4%
	AMZN	B	-2.04%
	XOM	B	-1.99%
	VZ	C	-1.5%
	MSFT	D	-1.41%
	CVX	A	-1.36%
	WFC	A	-1.25%
	UNH	C	-1.15%
	GOOG	B	-1.15%
	JNJ	D	-0.78%
	GOOGL	B	-0.72%
	PFE	F	-0.7%
	MS	A	-0.63%
	CMCSA	B	-0.62%
	TSLA	A	-0.62%
	COF	B	-0.61%
	CVS	F	-0.58%
	HD	A	-0.52%
	CSCO	B	-0.51%
	PG	C	-0.48%
	PSX	C	-0.47%
	ORCL	A	-0.45%
	V	A	-0.45%
	MPC	D	-0.45%
	KMI	A	-0.45%
	MET	A	-0.42%
	COP	B	-0.41%
	USB	B	-0.39%
	PRU	B	-0.39%
	VLO	C	-0.38%
	F	C	-0.37%
	UPS	C	-0.37%
	ABBV	F	-0.37%
	KO	D	-0.36%
	GILD	C	-0.35%
	DAL	A	-0.35%
	BMY	A	-0.35%
	CI	D	-0.34%
	CB	C	-0.34%
	NEE	C	-0.34%
	INTC	C	-0.33%
	DUK	C	-0.33%
	CHTR	B	-0.33%
	PEP	F	-0.33%
	KR	B	-0.33%
	MDT	D	-0.32%
	DIS	B	-0.32%
	ACN	C	-0.31%
	HPQ	B	-0.31%
	MRK	F	-0.3%
	SO	C	-0.3%
	ELV	F	-0.29%
	CRM	B	-0.27%
	UAL	A	-0.26%
	CNC	F	-0.26%
	SCHW	A	-0.26%
	ABT	A	-0.25%
	CAH	B	-0.25%
	FDX	B	-0.25%
	KHC	F	-0.24%
	TXN	C	-0.24%
	CAT	C	-0.24%
	EOG	A	-0.24%
	D	C	-0.24%
	HON	B	-0.23%
	KVUE	A	-0.23%
	AMGN	D	-0.23%
	LOW	C	-0.23%
	HPE	B	-0.23%
	QCOM	F	-0.22%
	DE	C	-0.22%
	SW	A	-0.22%
	UNP	D	-0.22%
	ADM	D	-0.22%
	TGT	B	-0.22%
	BLK	B	-0.22%
	SYF	B	-0.22%
	CCL	A	-0.21%
	LIN	D	-0.19%
	EXC	C	-0.19%
	MDLZ	F	-0.18%
	LYB	F	-0.18%
	SRE	A	-0.18%
	TRV	A	-0.18%
	PYPL	B	-0.18%
	HUM	D	-0.17%
	LUV	B	-0.17%
	OXY	F	-0.17%
	ADBE	D	-0.17%
	DD	D	-0.17%
	WBD	B	-0.17%
	FI	A	-0.16%
	BBY	D	-0.16%
	TSN	B	-0.16%
	BA	D	-0.16%
	EMR	A	-0.16%
	ETR	A	-0.16%
	JCI	B	-0.16%
	AEP	C	-0.16%
	PFG	C	-0.16%
	DFS	B	-0.16%
	NOC	D	-0.15%
	XEL	A	-0.15%
	APD	A	-0.15%
	MCD	D	-0.15%
	DOW	F	-0.15%
	KEY	B	-0.15%
	CMI	A	-0.14%
	PEG	C	-0.14%
	OKE	A	-0.14%
	BX	A	-0.14%
	SBUX	A	-0.14%
	STT	B	-0.14%
	TMO	F	-0.14%
	PCG	A	-0.13%
	EQT	A	-0.13%
	AMT	D	-0.13%
	MU	D	-0.13%
	L	A	-0.13%
	VTRS	A	-0.13%
	PLD	D	-0.13%
	SLB	C	-0.13%
	MA	B	-0.13%
	SYY	D	-0.12%
	MMC	D	-0.12%
	BKNG	A	-0.12%
	AMD	F	-0.12%
	NKE	F	-0.12%
	SPGI	D	-0.12%
	BKR	B	-0.12%
	RF	A	-0.12%
	DVN	F	-0.12%
	AMP	A	-0.12%
	PCAR	C	-0.12%
	WELL	A	-0.12%
	NSC	B	-0.12%
	ED	C	-0.12%
	ADI	D	-0.12%
	FIS	C	-0.11%
	CTSH	C	-0.11%
	DHR	D	-0.11%
	O	C	-0.11%
	UNM	A	-0.11%
	ICE	C	-0.11%
	VST	A	-0.11%
	KDP	D	-0.11%
	BG	D	-0.11%
	NUE	D	-0.11%
	WEC	A	-0.1%
	WM	B	-0.1%
	CCI	C	-0.1%
	KMB	C	-0.1%
	LHX	B	-0.1%
	OVV	C	-0.1%
	EIX	C	-0.1%
	GIS	F	-0.1%
	GLW	B	-0.1%
	CME	A	-0.1%
	AMAT	F	-0.1%
	CSX	C	-0.1%
	AFG	A	-0.09%
	LAD	B	-0.09%
	ADP	B	-0.09%
	FOXA	B	-0.09%
	RSG	A	-0.09%
	AEE	A	-0.09%
	MAR	B	-0.09%
	VICI	C	-0.09%
	DTE	C	-0.09%
	PPL	A	-0.09%
	ITW	B	-0.09%
	SYK	A	-0.09%
	TAP	B	-0.09%
	SNX	D	-0.08%
	ORLY	B	-0.08%
	CNP	A	-0.08%
	CMA	B	-0.08%
	FCX	F	-0.08%
	EQR	C	-0.08%
	CARR	D	-0.08%
	STLD	B	-0.08%
	EG	D	-0.08%
	K	B	-0.08%
	AAL	B	-0.08%
	CTVA	C	-0.08%
	NTRS	A	-0.08%
	MRO	A	-0.08%
	BDX	F	-0.08%
	VTR	B	-0.08%
	CBRE	B	-0.08%
	ES	C	-0.08%
	EBAY	D	-0.08%
	FE	C	-0.07%
	LVS	B	-0.07%
	CHRD	F	-0.07%
	PSA	C	-0.07%
	BWA	D	-0.07%
	NXPI	F	-0.07%
	IVZ	C	-0.07%
	LRCX	F	-0.07%
	ATO	A	-0.07%
	X	C	-0.07%
	NDAQ	A	-0.07%
	PANW	B	-0.07%
	AVB	B	-0.07%
	AON	B	-0.07%
	CINF	A	-0.07%
	HRL	D	-0.07%
	EVRG	A	-0.07%
	BIIB	F	-0.07%
	EQH	B	-0.07%
	MOS	D	-0.07%
	HAL	C	-0.07%
	EQIX	A	-0.07%
	TROW	B	-0.07%
	ZION	B	-0.07%
	PARA	D	-0.06%
	BEN	C	-0.06%
	BXP	D	-0.06%
	LH	B	-0.06%
	CMS	C	-0.06%
	VFC	C	-0.06%
	ALK	A	-0.06%
	VNO	C	-0.06%
	PAYX	B	-0.06%
	OMC	C	-0.06%
	DINO	D	-0.06%
	CTRA	B	-0.06%
	PPG	F	-0.06%
	HES	B	-0.06%
	INTU	B	-0.06%
	R	B	-0.06%
	NI	A	-0.06%
	ABNB	D	-0.06%
	SHW	C	-0.06%
	CF	A	-0.06%
	SPG	A	-0.06%
	CAG	F	-0.06%
	GPN	C	-0.06%
	RJF	A	-0.06%
	WY	D	-0.06%
	CHRW	B	-0.06%
	AZO	C	-0.06%
	NOW	B	-0.06%
	ALB	B	-0.05%
	LYV	A	-0.05%
	WPC	C	-0.05%
	JBL	C	-0.05%
	KMX	C	-0.05%
	PKG	B	-0.05%
	APTV	F	-0.05%
	DOC	D	-0.05%
	LEA	F	-0.05%
	DG	F	-0.05%
	BLDR	D	-0.05%
	ARE	F	-0.05%
	GPC	F	-0.05%
	FOX	A	-0.05%
	EA	A	-0.05%
	ARMK	C	-0.05%
	EXPE	B	-0.05%
	STZ	D	-0.05%
	SWK	F	-0.05%
	ZBH	C	-0.05%
	RS	B	-0.05%
	JHG	B	-0.05%
	BAX	F	-0.05%
	ROP	C	-0.05%
	LNC	B	-0.05%
	RNR	C	-0.05%
	PNW	B	-0.05%
	GEN	B	-0.05%
	WBA	F	-0.05%
	WHR	B	-0.05%
	MNST	C	-0.05%
	ARW	F	-0.05%
	STWD	C	-0.05%
	HSY	F	-0.05%
	NRG	B	-0.05%
	DGX	A	-0.05%
	AWK	C	-0.05%
	COLB	B	-0.05%
	AMCR	D	-0.05%
	J	D	-0.04%
	DOV	B	-0.04%
	OGS	A	-0.04%
	NOG	B	-0.04%
	CPT	C	-0.04%
	KIM	A	-0.04%
	TXT	D	-0.04%
	EW	C	-0.04%
	SF	B	-0.04%
	AN	D	-0.04%
	BKH	A	-0.04%
	OHI	B	-0.04%
	SANM	B	-0.04%
	EXPD	D	-0.04%
	DLTR	F	-0.04%
	MOH	F	-0.04%
	AME	A	-0.04%
	GL	C	-0.04%
	TMHC	B	-0.04%
	AES	F	-0.04%
	SWKS	F	-0.04%
	REG	A	-0.04%
	HST	D	-0.04%
	FYBR	C	-0.04%
	KRC	C	-0.04%
	SNA	B	-0.04%
	BERY	D	-0.04%
	CEG	C	-0.04%
	MKC	D	-0.04%
	VLY	B	-0.04%
	MCHP	F	-0.04%
	APA	F	-0.04%
	ROK	B	-0.04%
	FAST	B	-0.04%
	MAA	A	-0.04%
	MUR	F	-0.04%
	CIVI	D	-0.04%
	GLPI	C	-0.04%
	INVH	D	-0.04%
	DLR	A	-0.04%
	MCO	D	-0.04%
	AVT	C	-0.04%
	TPR	B	-0.04%
	VOYA	B	-0.04%
	ON	F	-0.04%
	WBS	A	-0.04%
	CPB	D	-0.04%
	LNT	A	-0.04%
	ROIV	D	-0.04%
	CPAY	A	-0.04%
	IQV	F	-0.04%
	AR	B	-0.04%
	SJM	D	-0.04%
	ESS	A	-0.04%
	IRM	C	-0.04%
	WDC	F	-0.04%
	AL	B	-0.04%
	MGM	D	-0.04%
	UGI	C	-0.04%
	OZK	B	-0.04%
	ECL	D	-0.04%
	STX	D	-0.04%
	ZTS	D	-0.04%
	SNPS	C	-0.04%
	EXR	C	-0.04%
	WCC	B	-0.04%
	DRI	C	-0.04%
	FTNT	B	-0.04%
	EMN	D	-0.04%
	ABG	B	-0.04%
	TGNA	B	-0.03%
	SSB	B	-0.03%
	HAS	D	-0.03%
	FMC	D	-0.03%
	INCY	C	-0.03%
	LAMR	D	-0.03%
	DAR	B	-0.03%
	MAN	F	-0.03%
	NXST	C	-0.03%
	ARCH	B	-0.03%
	CADE	B	-0.03%
	JNPR	D	-0.03%
	MAS	D	-0.03%
	PK	D	-0.03%
	MTDR	C	-0.03%
	SFNC	B	-0.03%
	ILMN	C	-0.03%
	FSLR	F	-0.03%
	ULTA	F	-0.03%
	BXMT	C	-0.03%
	CUZ	B	-0.03%
	PENN	C	-0.03%
	AKAM	F	-0.03%
	POST	C	-0.03%
	PAG	B	-0.03%
	HBI	B	-0.03%
	WAFD	B	-0.03%
	GPK	D	-0.03%
	HSIC	C	-0.03%
	WTRG	B	-0.03%
	BRX	A	-0.03%
	GNW	A	-0.03%
	FLR	B	-0.03%
	GEHC	D	-0.03%
	NFG	A	-0.03%
	BHF	C	-0.03%
	HWC	B	-0.03%
	CEIX	A	-0.03%
	APLE	B	-0.03%
	CWK	C	-0.03%
	HP	C	-0.03%
	PBF	D	-0.03%
	CDW	F	-0.03%
	THO	C	-0.03%
	AGCO	F	-0.03%
	UDR	C	-0.03%
	FNB	B	-0.03%
	ABM	B	-0.03%
	PR	B	-0.03%
	CFR	B	-0.03%
	PNFP	B	-0.03%
	GHC	B	-0.03%
	ODFL	B	-0.03%
	BTU	C	-0.03%
	DEI	B	-0.03%
	CHD	A	-0.03%
	RRC	B	-0.03%
	OGE	A	-0.03%
	PB	A	-0.03%
	ACM	B	-0.03%
	MTZ	A	-0.03%
	MLM	B	-0.03%
	EL	F	-0.03%
	HIW	D	-0.03%
	CLX	A	-0.03%
	NWL	B	-0.03%
	FTV	D	-0.03%
	LULU	C	-0.03%
	VMC	B	-0.03%
	YUM	D	-0.03%
	LKQ	F	-0.03%
	A	F	-0.03%
	JBHT	C	-0.03%
	CATY	B	-0.03%
	KEYS	C	-0.03%
	GME	C	-0.03%
	WU	F	-0.03%
	DXC	D	-0.03%
	TDY	B	-0.03%
	OGN	F	-0.03%
	ONB	B	-0.03%
	IPG	F	-0.03%
	FAF	C	-0.03%
	CCK	D	-0.03%
	KNX	B	-0.03%
	ASB	B	-0.03%
	CMC	B	-0.03%
	TSCO	D	-0.03%
	ADSK	B	-0.03%
	WLK	F	-0.03%
	CPRT	B	-0.03%
	NCLH	B	-0.03%
	OTIS	C	-0.03%
	INDB	B	-0.02%
	GMED	A	-0.02%
	ITT	A	-0.02%
	EPAM	C	-0.02%
	VVV	D	-0.02%
	HUBG	A	-0.02%
	CNXC	F	-0.02%
	MGY	A	-0.02%
	FLO	D	-0.02%
	ADNT	F	-0.02%
	MAC	A	-0.02%
	VMI	B	-0.02%
	VSTS	F	-0.02%
	MRNA	F	-0.02%
	GATX	B	-0.02%
	ERIE	F	-0.02%
	NSIT	F	-0.02%
	PLXS	B	-0.02%
	VLTO	C	-0.02%
	CABO	C	-0.02%
	ELS	B	-0.02%
	NWBI	B	-0.02%
	VYX	C	-0.02%
	UAA	C	-0.02%
	MHO	D	-0.02%
	LITE	B	-0.02%
	MSM	D	-0.02%
	TXRH	B	-0.02%
	EFX	F	-0.02%
	KRG	A	-0.02%
	SIGI	B	-0.02%
	POR	C	-0.02%
	WFRD	F	-0.02%
	NDSN	D	-0.02%
	GEF	B	-0.02%
	AXTA	B	-0.02%
	SEIC	B	-0.02%
	CVBF	B	-0.02%
	NWE	C	-0.02%
	NATL	B	-0.02%
	FLS	A	-0.02%
	TNL	B	-0.02%
	CBT	C	-0.02%
	ABCB	B	-0.02%
	NVT	C	-0.02%
	KSS	F	-0.02%
	RRX	B	-0.02%
	BCC	C	-0.02%
	OI	D	-0.02%
	MTD	F	-0.02%
	PII	F	-0.02%
	FL	F	-0.02%
	BC	D	-0.02%
	SAIC	F	-0.02%
	SBAC	D	-0.02%
	CRC	A	-0.02%
	SR	A	-0.02%
	ALE	A	-0.02%
	CAR	C	-0.02%
	BYD	B	-0.02%
	KAR	A	-0.02%
	ESNT	D	-0.02%
	SLG	B	-0.02%
	MDU	D	-0.02%
	RUSHA	B	-0.02%
	PRGO	C	-0.02%
	IDA	A	-0.02%
	OLN	F	-0.02%
	PTC	B	-0.02%
	REZI	A	-0.02%
	AUB	B	-0.02%
	WYNN	D	-0.02%
	WAT	C	-0.02%
	AAP	D	-0.02%
	PVH	C	-0.02%
	BANC	B	-0.02%
	IDXX	F	-0.02%
	SWX	A	-0.02%
	CWEN	C	-0.02%
	HOG	F	-0.02%
	GXO	B	-0.02%
	FBIN	F	-0.02%
	PNM	B	-0.02%
	AVNT	B	-0.02%
	TTWO	A	-0.02%
	RNST	B	-0.02%
	BBWI	C	-0.02%
	TCBI	B	-0.02%
	TPH	D	-0.02%
	CIEN	B	-0.02%
	MTH	D	-0.02%
	AVY	D	-0.02%
	URBN	C	-0.02%
	CLF	F	-0.02%
	RVTY	D	-0.02%
	BANF	B	-0.02%
	SBRA	B	-0.02%
	FHB	B	-0.02%
	JWN	C	-0.02%
	JBLU	F	-0.02%
	IBTX	B	-0.02%
	SIG	C	-0.02%
	ADC	A	-0.02%
	H	B	-0.02%
	HII	F	-0.02%
	SLGN	A	-0.02%
	HOMB	A	-0.02%
	STE	D	-0.02%
	RHI	C	-0.02%
	BANR	B	-0.02%
	VRSN	F	-0.02%
	GNRC	B	-0.02%
	ALGN	D	-0.02%
	THG	A	-0.02%
	RPM	B	-0.02%
	OSK	C	-0.02%
	UFPI	C	-0.02%
	AMKR	F	-0.02%
	TRMB	B	-0.02%
	IR	B	-0.02%
	CUBE	C	-0.02%
	ALV	C	-0.02%
	G	B	-0.02%
	BR	B	-0.02%
	ABR	B	-0.02%
	SATS	C	-0.02%
	NOV	D	-0.02%
	FFIV	B	-0.02%
	PFS	B	-0.02%
	CSGP	F	-0.02%
	HOLX	D	-0.02%
	ENVA	B	-0.02%
	FFBC	B	-0.02%
	AMG	C	-0.02%
	ZBRA	B	-0.02%
	SNEX	B	-0.02%
	CG	B	-0.02%
	NNN	C	-0.02%
	XYL	D	-0.02%
	MPW	F	-0.02%
	JAZZ	C	-0.02%
	SCI	A	-0.02%
	UBSI	B	-0.02%
	SON	F	-0.02%
	VSCO	A	-0.02%
	GT	C	-0.02%
	BIO	C	-0.02%
	SM	C	-0.02%
	ANSS	B	-0.02%
	CE	F	-0.02%
	CZR	F	-0.02%
	CDNS	B	-0.02%
	AMH	C	-0.02%
	GDOT	D	-0.01%
	RES	F	-0.01%
	TRST	B	-0.01%
	HTZ	C	-0.01%
	CHE	F	-0.01%
	PRA	B	-0.01%
	AVNS	F	-0.01%
	HFWA	B	-0.01%
	MSGS	B	-0.01%
	AIN	C	-0.01%
	FBNC	B	-0.01%
	CVI	D	-0.01%
	AEIS	B	-0.01%
	OLED	F	-0.01%
	GO	C	-0.01%
	KELYA	F	-0.01%
	VRTS	B	-0.01%
	SMCI	F	-0.01%
	MCRI	A	-0.01%
	SCHL	F	-0.01%
	AAT	A	-0.01%
	XHR	B	-0.01%
	UCTT	F	-0.01%
	EZPW	A	-0.01%
	MMI	B	-0.01%
	AWR	A	-0.01%
	CHEF	B	-0.01%
	RGEN	F	-0.01%
	EFC	C	-0.01%
	PAYO	A	-0.01%
	MATV	F	-0.01%
	HAIN	D	-0.01%
	ONTO	F	-0.01%
	EPC	F	-0.01%
	VIR	F	-0.01%
	TDC	D	-0.01%
	UFCS	A	-0.01%
	INN	D	-0.01%
	FWRD	D	-0.01%
	HCSG	C	-0.01%
	CWT	C	-0.01%
	AMWD	C	-0.01%
	MRCY	C	-0.01%
	WRLD	D	-0.01%
	MP	C	-0.01%
	HAE	C	-0.01%
	CUBI	C	-0.01%
	DRH	B	-0.01%
	FIZZ	C	-0.01%
	PLAB	D	-0.01%
	APOG	B	-0.01%
	ELME	D	-0.01%
	HAFC	B	-0.01%
	CHH	A	-0.01%
	PLUS	F	-0.01%
	SYNA	D	-0.01%
	RCM	A	-0.01%
	WST	D	-0.01%
	STRA	C	-0.01%
	GTY	A	-0.01%
	NGVT	C	-0.01%
	JJSF	C	-0.01%
	LGND	C	-0.01%
	SMPL	B	-0.01%
	BLMN	F	-0.01%
	HXL	F	-0.01%
	JBT	A	-0.01%
	KNF	B	-0.01%
	MCW	C	-0.01%
	CPK	A	-0.01%
	ZD	B	-0.01%
	AMED	F	-0.01%
	CGNX	D	-0.01%
	ESE	B	-0.01%
	SHO	D	-0.01%
	YELP	C	-0.01%
	ACHC	F	-0.01%
	TPX	B	-0.01%
	NOVT	D	-0.01%
	DNOW	B	-0.01%
	SPTN	F	-0.01%
	KN	B	-0.01%
	VRE	A	-0.01%
	MMSI	A	-0.01%
	KWR	D	-0.01%
	SBCF	B	-0.01%
	CRI	F	-0.01%
	ASIX	C	-0.01%
	FCPT	C	-0.01%
	BRKR	F	-0.01%
	AHCO	D	-0.01%
	ENPH	F	-0.01%
	BKE	B	-0.01%
	SKT	A	-0.01%
	VC	F	-0.01%
	EIG	B	-0.01%
	MORN	B	-0.01%
	CORT	C	-0.01%
	TREX	D	-0.01%
	LANC	D	-0.01%
	ALKS	C	-0.01%
	ENR	B	-0.01%
	NBR	D	-0.01%
	FELE	B	-0.01%
	KALU	C	-0.01%
	CFFN	B	-0.01%
	MYRG	C	-0.01%
	HQY	A	-0.01%
	BOOT	D	-0.01%
	KLIC	C	-0.01%
	NSP	F	-0.01%
	MNRO	C	-0.01%
	LXP	D	-0.01%
	OPCH	F	-0.01%
	PCTY	B	-0.01%
	MC	B	-0.01%
	PUMP	D	-0.01%
	VTLE	C	-0.01%
	LGIH	F	-0.01%
	TBBK	B	-0.01%
	ALGT	C	-0.01%
	WD	D	-0.01%
	FND	F	-0.01%
	DIOD	F	-0.01%
	PAYC	B	-0.01%
	CWEN	C	-0.01%
	CVCO	A	-0.01%
	IOSP	C	-0.01%
	WEN	C	-0.01%
	XRAY	D	-0.01%
	CARG	B	-0.01%
	MGEE	A	-0.01%
	IPGP	D	-0.01%
	AXL	C	-0.01%
	OMCL	C	-0.01%
	ARCB	C	-0.01%
	ODP	F	-0.01%
	ETSY	D	-0.01%
	BCPC	B	-0.01%
	TMP	B	-0.01%
	VNT	C	-0.01%
	XRX	F	-0.01%
	WMS	F	-0.01%
	RWT	D	-0.01%
	LTC	B	-0.01%
	HI	C	-0.01%
	ROIC	A	-0.01%
	B	A	-0.01%
	SSD	D	-0.01%
	NBIX	C	-0.01%
	ALGM	F	-0.01%
	UE	A	-0.01%
	EGBN	B	-0.01%
	EXLS	B	-0.01%
	PJT	B	-0.01%
	THS	F	-0.01%
	CPRI	F	-0.01%
	MKSI	C	-0.01%
	OMI	F	-0.01%
	ENOV	C	-0.01%
	SXT	C	-0.01%
	EXPI	C	-0.01%
	SHC	F	-0.01%
	MTSI	B	-0.01%
	FTDR	B	-0.01%
	MASI	B	-0.01%
	ORA	B	-0.01%
	DAY	B	-0.01%
	CENTA	C	-0.01%
	WGO	D	-0.01%
	UNF	B	-0.01%
	DAN	F	-0.01%
	PARR	F	-0.01%
	GTLS	A	-0.01%
	CCS	F	-0.01%
	OTTR	C	-0.01%
	DLB	F	-0.01%
	CHX	C	-0.01%
	PCH	D	-0.01%
	CBRL	C	-0.01%
	BDN	C	-0.01%
	CNXN	D	-0.01%
	DLX	B	-0.01%
	BRKL	B	-0.01%
	IRT	A	-0.01%
	HMN	B	-0.01%
	SXC	A	-0.01%
	VAL	F	-0.01%
	AKR	A	-0.01%
	RXO	C	-0.01%
	KMT	C	-0.01%
	DXCM	C	-0.01%
	VSTO	A	-0.01%
	EGP	D	-0.01%
	DOCS	C	-0.01%
	NYT	D	-0.01%
	MAT	D	-0.01%
	BRC	C	-0.01%
	WTS	B	-0.01%
	APAM	B	-0.01%
	ROL	B	-0.01%
	PECO	A	-0.01%
	UA	C	-0.01%
	NSA	C	-0.01%
	SBSI	B	-0.01%
	RYN	D	-0.01%
	PINC	B	-0.01%
	PODD	B	-0.01%
	HGV	C	-0.01%
	BWXT	A	-0.01%
	NWS	A	-0.01%
	DCOM	A	-0.01%
	SAH	B	-0.01%
	DPZ	C	-0.01%
	TEX	D	-0.01%
	LZB	B	-0.01%
	FUL	F	-0.01%
	POOL	D	-0.01%
	RH	D	-0.01%
	CTRE	C	-0.01%
	FCN	F	-0.01%
	RC	D	-0.01%
	AEO	F	-0.01%
	DEA	D	-0.01%
	BCO	F	-0.01%
	VSH	F	-0.01%
	EPR	D	-0.01%
	MKTX	D	-0.01%
	TTC	F	-0.01%
	LCII	D	-0.01%
	KW	B	-0.01%
	CDP	C	-0.01%
	OUT	A	-0.01%
	SAIA	C	-0.01%
	PIPR	B	-0.01%
	CAKE	B	-0.01%
	RLI	A	-0.01%
	BHLB	B	-0.01%
	WSFS	B	-0.01%
	KFY	B	-0.01%
	PSMT	D	-0.01%
	PBH	A	-0.01%
	RBC	A	-0.01%
	CRK	A	-0.01%
	IIPR	F	-0.01%
	ECPG	C	-0.01%
	MD	C	-0.01%
	FFIN	B	-0.01%
	BOH	B	-0.01%
	WEX	F	-0.01%
	DT	C	-0.01%
	PMT	D	-0.01%
	GVA	A	-0.01%
	SMG	C	-0.01%
	GIII	D	-0.01%
	UNFI	B	-0.01%
	TTMI	B	-0.01%
	WOR	F	-0.01%
	SBH	B	-0.01%
	BDC	B	-0.01%
	LSTR	D	-0.01%
	LFUS	D	-0.01%
	ARI	C	-0.01%
	CRL	D	-0.01%
	ASGN	F	-0.01%
	SABR	B	-0.01%
	IDCC	B	-0.01%
	GGG	B	-0.01%
	WH	B	-0.01%
	WERN	B	-0.01%
	WS	B	-0.01%
	FDP	B	-0.01%
	CCOI	B	-0.01%
	NAVI	F	-0.01%
	LECO	C	-0.01%
	EPRT	A	-0.01%
	FHI	B	-0.01%
	KBR	F	-0.01%
	PTEN	C	-0.01%
	ICUI	D	-0.01%
	VRSK	B	-0.01%
	GNTX	F	-0.01%
	MTCH	F	-0.01%
	NWN	A	-0.01%
	ENS	D	-0.01%
	ASH	F	-0.01%
	JKHY	D	-0.01%
	CHDN	C	-0.01%
	PEB	F	-0.01%
	LW	C	-0.01%
	ASO	F	-0.01%
	NVST	C	-0.01%
	GNL	D	-0.01%
	COTY	F	-0.01%
	QRVO	F	-0.01%
	LEG	F	-0.01%
	MSCI	B	-0.01%
	CTLT	D	-0.01%
	UPBD	C	-0.01%
	TFX	F	-0.01%
	ACA	A	-0.01%
	FDS	B	-0.01%
	CBU	B	-0.01%
	AMR	C	-0.01%
	UVV	B	-0.01%
	STAG	D	-0.01%
	MMS	D	-0.01%
	DCI	B	-0.01%
	HTH	B	-0.01%
	CC	D	-0.01%
	TALO	C	-0.01%
	PDCO	F	-0.01%
	EEFT	C	-0.01%
	UCB	A	-0.01%
	TER	F	-0.01%
	JBGS	F	-0.01%
	REXR	F	-0.01%
	IEX	B	-0.01%
	AOS	F	-0.01%
	DY	C	-0.01%
	ATR	B	-0.01%
	RGLD	C	-0.01%
	WKC	D	-0.01%
	SEE	D	-0.01%
	AVA	C	-0.01%
	FRT	B	-0.01%
	DBX	C	-0.01%
	FR	C	-0.01%
	ANDE	F	-0.01%
	NJR	A	-0.01%
	PPBI	B	-0.01%
	TKR	F	-0.01%
	HLI	B	-0.01%
	MTN	C	-0.01%
	VAC	C	-0.01%
	COLM	B	-0.01%
	VBTX	B	-0.01%
	MIDD	D	-0.01%
	HOPE	B	-0.01%
	ST	F	-0.01%
	ALLE	D	-0.01%
	NPK	C	-0.0%
	WOLF	F	-0.0%
	XPEL	C	-0.0%
	NARI	C	-0.0%
	LESL	C	-0.0%
	PGNY	F	-0.0%
	GOGO	C	-0.0%
	MSEX	B	-0.0%
	EMBC	D	-0.0%
	STAA	F	-0.0%
	PCRX	C	-0.0%
	CELH	F	-0.0%
	RGNX	D	-0.0%
	CLB	C	-0.0%
	CERT	F	-0.0%
	ARWR	D	-0.0%
	SEDG	F	-0.0%
	NABL	F	-0.0%
	COHU	D	-0.0%
	TTGT	B	-0.0%
	ELF	C	-0.0%
	CRSR	D	-0.0%
	SSTK	F	-0.0%
	JBSS	F	-0.0%
	BMI	C	-0.0%
	MYE	F	-0.0%
	SNCY	C	-0.0%
	LQDT	A	-0.0%
	ICHR	C	-0.0%
	CEVA	B	-0.0%
	SITM	B	-0.0%
	NXRT	A	-0.0%
	BJRI	C	-0.0%
	MXL	C	-0.0%
	SHEN	F	-0.0%
	GPRE	F	-0.0%
	CYTK	D	-0.0%
	DGII	B	-0.0%
	IIIN	D	-0.0%
	SLAB	F	-0.0%
	AHH	D	-0.0%
	MGPI	F	-0.0%
	THRY	F	-0.0%
	CARS	C	-0.0%
	WT	A	-0.0%
	DV	C	-0.0%
	IRWD	F	-0.0%
	VECO	F	-0.0%
	WSR	A	-0.0%
	ASTE	C	-0.0%
	CPRX	C	-0.0%
	RGR	F	-0.0%
	JACK	D	-0.0%
	HRMY	F	-0.0%
	PZZA	F	-0.0%
	TRUP	B	-0.0%
	THRM	F	-0.0%
	PEN	B	-0.0%
	VICR	C	-0.0%
	USNA	C	-0.0%
	SPSC	F	-0.0%
	PRLB	C	-0.0%
	YETI	D	-0.0%
	XNCR	B	-0.0%
	LNN	B	-0.0%
	MTUS	D	-0.0%
	PRVA	C	-0.0%
	POWI	D	-0.0%
	SONO	C	-0.0%
	VVI	B	-0.0%
	HSII	B	-0.0%
	KOP	C	-0.0%
	IRDM	F	-0.0%
	MYGN	F	-0.0%
	KNSL	B	-0.0%
	SJW	F	-0.0%
	EXTR	C	-0.0%
	AMPH	F	-0.0%
	CALX	D	-0.0%
	HTLD	B	-0.0%
	ALG	C	-0.0%
	ASTH	F	-0.0%
	FLGT	F	-0.0%
	WNC	D	-0.0%
	ACLS	F	-0.0%
	MATW	C	-0.0%
	BLKB	B	-0.0%
	GDEN	B	-0.0%
	ALRM	C	-0.0%
	OXM	F	-0.0%
	CNMD	C	-0.0%
	JOE	F	-0.0%
	LIVN	D	-0.0%
	EYE	C	-0.0%
	RCUS	F	-0.0%
	NVEE	F	-0.0%
	QLYS	C	-0.0%
	LSCC	D	-0.0%
	AZTA	F	-0.0%
	USPH	C	-0.0%
	UHT	D	-0.0%
	EXPO	D	-0.0%
	CSGS	B	-0.0%
	SMP	C	-0.0%
	HLIT	D	-0.0%
	VIAV	C	-0.0%
	FTRE	D	-0.0%
	WABC	B	-0.0%
	BSIG	A	-0.0%
	CXT	C	-0.0%
	FOXF	F	-0.0%
	BGS	F	-0.0%
	NX	C	-0.0%
	RAMP	C	-0.0%
	AMSF	B	-0.0%
	HZO	F	-0.0%
	SVC	F	-0.0%
	ETD	D	-0.0%
	MRTN	C	-0.0%
	HAYN	A	-0.0%
	MANH	D	-0.0%
	TWI	F	-0.0%
	VRRM	F	-0.0%
	FBRT	C	-0.0%
	AIR	B	-0.0%
	CNSL	B	-0.0%
	NEO	C	-0.0%
	DVAX	C	-0.0%
	NEOG	D	-0.0%
	TRIP	F	-0.0%
	ENV	B	-0.0%
	ROG	D	-0.0%
	BOX	B	-0.0%
	ZI	D	-0.0%
	EVTC	B	-0.0%
	TECH	F	-0.0%
	GES	F	-0.0%
	NTCT	C	-0.0%
	RMBS	C	-0.0%
	PRGS	B	-0.0%
	SMTC	C	-0.0%
	HAYW	B	-0.0%
	FIVE	F	-0.0%
	LKFN	B	-0.0%
	VTOL	B	-0.0%
	HPP	F	-0.0%
	AMN	F	-0.0%
	UTL	C	-0.0%
	TR	B	-0.0%
	AMBC	C	-0.0%
	PRAA	C	-0.0%
	PLAY	D	-0.0%
	PLNT	A	-0.0%
	MTRN	C	-0.0%
	SAM	C	-0.0%
	CSR	A	-0.0%
	IPAR	C	-0.0%
	BFS	C	-0.0%
	VSAT	F	-0.0%
	ROCK	D	-0.0%
	KREF	D	-0.0%
	HELE	C	-0.0%
	SUPN	B	-0.0%
	IART	C	-0.0%
	FORM	F	-0.0%
	ALEX	B	-0.0%
	SCL	D	-0.0%
	MODG	F	-0.0%
	SOLV	F	-0.0%
	UNIT	B	-0.0%

VFMO: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Diversified Industrials Insurance - Property & Casualty Aerospace & Defense Engineering & Construction Shipping & Ports Building Materials Software - Infrastructure Asset Management Electronic Components Medical Devices Diagnostics & Research Medical Care Packaged Foods Drug Manufacturers - Specialty & Generic Education & Training Services Oil & Gas Equipment & Services Residential Construction

Keywords: S&P 500 Bank Medicine Banking Insurance Biopharmaceutical Biotechnology Cancer Aerospace IBD 50 Deposit Products Electronics Mining Commercial Banking Clinical Medicine Insurance Products Life Sciences Computing Construction Cash Management Services

VLU: Top Represented Industries & Keywords

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

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