VFVA vs. IUSV ETF Comparison

Comparison of Vanguard Wellington Fund ETF (VFVA) to iShares Core U.S. Vaue ETF (IUSV)

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values 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 relatively lower share prices relative to fundamental values as determined by the advisor. 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

$124.54

Average Daily Volume

12,603

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$96.60

Average Daily Volume

516,597

Number of Holdings ^*

728

* may have additional holdings in another (foreign) market

Performance

Period	VFVA	IUSV
30 Days	1.15%	-0.45%
60 Days	4.32%	2.56%
90 Days	6.63%	5.01%
12 Months	24.57%	24.77%

232 Overlapping Holdings

	Symbol	Grade	Weight in VFVA	Weight in IUSV	Overlap
	ADM	D	0.23%	0.11%	0.11%
	AFL	C	0.09%	0.24%	0.09%
	AGCO	F	0.18%	0.02%	0.02%
	AIG	C	0.51%	0.21%	0.21%
	ALL	A	0.17%	0.23%	0.17%
	ALLY	C	0.25%	0.04%	0.04%
	AMG	C	0.21%	0.02%	0.02%
	AMKR	F	0.07%	0.01%	0.01%
	APTV	F	0.14%	0.06%	0.06%
	AR	B	0.13%	0.04%	0.04%
	ARW	F	0.43%	0.03%	0.03%
	ASB	B	0.13%	0.02%	0.02%
	ASGN	F	0.05%	0.02%	0.02%
	AVT	C	0.25%	0.02%	0.02%
	AZO	C	0.26%	0.07%	0.07%
	BAC	A	0.76%	1.35%	0.76%
	BC	D	0.18%	0.01%	0.01%
	BDX	F	0.29%	0.29%	0.29%
	BEN	C	0.05%	0.03%	0.03%
	BERY	D	0.38%	0.03%	0.03%
	BG	D	0.27%	0.05%	0.05%
	BHF	C	0.22%	0.01%	0.01%
	BK	B	0.5%	0.25%	0.25%
	BMY	A	0.46%	0.52%	0.46%
	BWA	D	0.25%	0.03%	0.03%
	C	B	0.72%	0.57%	0.57%
	CADE	B	0.16%	0.01%	0.01%
	CAG	F	0.16%	0.06%	0.06%
	CAH	B	0.26%	0.13%	0.13%
	CB	C	0.48%	0.47%	0.47%
	CC	D	0.02%	0.01%	0.01%
	CCL	A	0.23%	0.03%	0.03%
	CF	A	0.18%	0.03%	0.03%
	CFG	B	0.13%	0.09%	0.09%
	CG	B	0.03%	0.02%	0.02%
	CI	D	0.66%	0.4%	0.4%
	CLF	F	0.21%	0.02%	0.02%
	CMC	B	0.19%	0.03%	0.03%
	CMCSA	B	0.68%	0.73%	0.68%
	CNC	F	0.22%	0.13%	0.13%
	CNH	C	0.16%	0.04%	0.04%
	CNO	B	0.04%	0.02%	0.02%
	CNXC	F	0.06%	0.01%	0.01%
	COF	B	0.66%	0.31%	0.31%
	COHR	B	0.07%	0.07%	0.07%
	COLB	B	0.34%	0.03%	0.03%
	COP	B	0.65%	0.18%	0.18%
	CSCO	B	0.14%	1.02%	0.14%
	CTRA	B	0.19%	0.03%	0.03%
	CVS	F	0.74%	0.3%	0.3%
	CVX	A	0.7%	1.2%	0.7%
	DAL	A	0.2%	0.08%	0.08%
	DAR	B	0.17%	0.03%	0.03%
	DE	C	0.15%	0.19%	0.15%
	DG	F	0.02%	0.07%	0.02%
	DGX	A	0.03%	0.08%	0.03%
	DINO	D	0.16%	0.03%	0.03%
	DIS	B	0.4%	0.87%	0.4%
	DLTR	F	0.1%	0.06%	0.06%
	DOW	F	0.18%	0.14%	0.14%
	DTM	A	0.17%	0.02%	0.02%
	DVN	F	0.08%	0.11%	0.08%
	EBAY	D	0.05%	0.13%	0.05%
	EG	D	0.17%	0.07%	0.07%
	ELV	F	0.07%	0.41%	0.07%
	EMN	D	0.09%	0.05%	0.05%
	EMR	A	0.14%	0.32%	0.14%
	ENS	D	0.12%	0.01%	0.01%
	EOG	A	0.75%	0.11%	0.11%
	EQH	B	0.07%	0.01%	0.01%
	EQT	A	0.17%	0.11%	0.11%
	ESNT	D	0.45%	0.03%	0.03%
	EWBC	A	0.08%	0.03%	0.03%
	F	C	0.68%	0.19%	0.19%
	FAF	C	0.08%	0.03%	0.03%
	FCX	F	0.43%	0.14%	0.14%
	FDX	B	0.89%	0.29%	0.29%
	FHN	A	0.1%	0.05%	0.05%
	FI	A	0.53%	0.26%	0.26%
	FIS	C	0.22%	0.21%	0.21%
	FMC	D	0.05%	0.03%	0.03%
	FNB	B	0.19%	0.03%	0.03%
	FNF	A	0.14%	0.07%	0.07%
	FOX	A	0.33%	0.03%	0.03%
	FSLR	F	0.02%	0.09%	0.02%
	GAP	D	0.1%	0.02%	0.02%
	GATX	B	0.05%	0.02%	0.02%
	GD	D	0.26%	0.33%	0.26%
	GEF	B	0.05%	0.01%	0.01%
	GHC	B	0.05%	0.01%	0.01%
	GILD	C	0.44%	0.5%	0.44%
	GL	C	0.08%	0.04%	0.04%
	GM	B	0.87%	0.28%	0.28%
	GPK	D	0.06%	0.04%	0.04%
	GPN	C	0.1%	0.13%	0.1%
	GS	B	0.44%	0.81%	0.44%
	GT	C	0.34%	0.01%	0.01%
	HAL	C	0.07%	0.12%	0.07%
	HCA	F	0.76%	0.15%	0.15%
	HGV	C	0.02%	0.01%	0.01%
	HIG	B	0.07%	0.15%	0.07%
	HII	F	0.11%	0.03%	0.03%
	HOG	F	0.18%	0.02%	0.02%
	HOMB	A	0.02%	0.02%	0.02%
	HPE	B	0.32%	0.12%	0.12%
	HPQ	B	0.42%	0.16%	0.16%
	HWC	B	0.19%	0.01%	0.01%
	IBM	C	0.18%	0.84%	0.18%
	INGR	B	0.17%	0.03%	0.03%
	INTC	C	0.66%	0.47%	0.47%
	IP	A	0.02%	0.09%	0.02%
	IVZ	C	0.19%	0.03%	0.03%
	JAZZ	C	0.17%	0.02%	0.02%
	JBL	C	0.03%	0.03%	0.03%
	JEF	A	0.17%	0.05%	0.05%
	JHG	B	0.07%	0.03%	0.03%
	JLL	D	0.12%	0.05%	0.05%
	JNJ	D	0.18%	1.6%	0.18%
	JPM	A	0.54%	3.01%	0.54%
	KBH	D	0.21%	0.01%	0.01%
	KEY	B	0.19%	0.08%	0.08%
	KHC	F	0.1%	0.12%	0.1%
	KMI	A	0.11%	0.23%	0.11%
	KNX	B	0.19%	0.04%	0.04%
	KR	B	0.22%	0.17%	0.17%
	LEA	F	0.17%	0.02%	0.02%
	LEN	D	0.08%	0.08%	0.08%
	LEN	D	0.19%	0.08%	0.08%
	LKQ	F	0.16%	0.04%	0.04%
	LYB	F	0.3%	0.09%	0.09%
	M	D	0.22%	0.02%	0.02%
	MAN	F	0.12%	0.01%	0.01%
	MAT	D	0.09%	0.02%	0.02%
	MCK	A	0.35%	0.35%	0.35%
	MDT	D	0.42%	0.48%	0.42%
	MET	A	0.52%	0.21%	0.21%
	MHK	D	0.28%	0.03%	0.03%
	MMM	D	0.07%	0.32%	0.07%
	MO	A	1.0%	0.41%	0.41%
	MOS	D	0.23%	0.04%	0.04%
	MPC	D	0.56%	0.1%	0.1%
	MS	A	0.32%	0.72%	0.32%
	MTB	A	0.18%	0.16%	0.16%
	MTCH	F	0.11%	0.04%	0.04%
	MTG	D	0.28%	0.02%	0.02%
	MU	D	0.59%	0.48%	0.48%
	MUR	F	0.29%	0.01%	0.01%
	NEM	D	0.4%	0.2%	0.2%
	NOV	D	0.19%	0.03%	0.03%
	NUE	D	0.38%	0.06%	0.06%
	NVST	C	0.09%	0.01%	0.01%
	NWSA	B	0.14%	0.05%	0.05%
	NXST	C	0.05%	0.02%	0.02%
	OLN	F	0.14%	0.01%	0.01%
	ONB	B	0.21%	0.03%	0.03%
	ORI	A	0.13%	0.04%	0.04%
	OXY	F	0.5%	0.15%	0.15%
	OZK	B	0.12%	0.01%	0.01%
	PBF	D	0.18%	0.01%	0.01%
	PCAR	C	0.42%	0.07%	0.07%
	PFE	F	0.36%	0.64%	0.36%
	PFG	C	0.06%	0.08%	0.06%
	PII	F	0.08%	0.02%	0.02%
	PM	A	0.13%	0.55%	0.13%
	PNC	B	0.33%	0.36%	0.33%
	PNFP	B	0.11%	0.02%	0.02%
	PPC	B	0.04%	0.01%	0.01%
	PRGO	C	0.24%	0.02%	0.02%
	PRU	B	0.28%	0.2%	0.2%
	PSX	C	0.71%	0.24%	0.24%
	PVH	C	0.21%	0.03%	0.03%
	PYPL	B	0.24%	0.38%	0.24%
	QCOM	F	0.07%	0.38%	0.07%
	QRVO	F	0.12%	0.03%	0.03%
	R	B	0.41%	0.03%	0.03%
	RF	A	0.1%	0.11%	0.1%
	RGA	B	0.04%	0.07%	0.04%
	RJF	A	0.08%	0.13%	0.08%
	RNR	C	0.2%	0.03%	0.03%
	RRX	B	0.12%	0.05%	0.05%
	RTX	D	0.14%	0.69%	0.14%
	SAIC	F	0.1%	0.02%	0.02%
	SCHW	A	0.1%	0.52%	0.1%
	SF	B	0.14%	0.05%	0.05%
	SJM	D	0.15%	0.05%	0.05%
	SLB	C	0.69%	0.27%	0.27%
	SLM	B	0.03%	0.01%	0.01%
	SNV	B	0.2%	0.04%	0.04%
	SNX	D	0.24%	0.04%	0.04%
	SON	F	0.21%	0.02%	0.02%
	SSB	B	0.08%	0.04%	0.04%
	ST	F	0.15%	0.02%	0.02%
	STLD	B	0.13%	0.03%	0.03%
	STT	B	0.02%	0.12%	0.02%
	SYF	B	0.33%	0.11%	0.11%
	T	A	1.01%	0.7%	0.7%
	TAP	B	0.16%	0.05%	0.05%
	TEX	D	0.21%	0.01%	0.01%
	TFC	A	0.73%	0.27%	0.27%
	TGT	B	0.27%	0.31%	0.27%
	THG	A	0.04%	0.03%	0.03%
	TKR	F	0.09%	0.01%	0.01%
	TMHC	B	0.06%	0.03%	0.03%
	TMUS	B	0.3%	0.51%	0.3%
	TNL	B	0.21%	0.01%	0.01%
	TPR	B	0.04%	0.06%	0.04%
	TRV	A	0.48%	0.26%	0.26%
	TSN	B	0.07%	0.08%	0.07%
	TXT	D	0.09%	0.07%	0.07%
	UA	C	0.04%	0.01%	0.01%
	UAL	A	0.29%	0.13%	0.13%
	UHS	D	0.16%	0.05%	0.05%
	UNM	A	0.6%	0.04%	0.04%
	USB	B	0.71%	0.34%	0.34%
	UTHR	C	0.15%	0.04%	0.04%
	VAC	C	0.09%	0.01%	0.01%
	VLO	C	0.66%	0.2%	0.2%
	VLY	B	0.09%	0.02%	0.02%
	VSH	F	0.07%	0.01%	0.01%
	VTRS	A	0.25%	0.07%	0.07%
	VZ	C	0.8%	0.75%	0.75%
	WAL	B	0.18%	0.02%	0.02%
	WBD	B	0.05%	0.1%	0.05%
	WBS	A	0.22%	0.04%	0.04%
	WCC	B	0.2%	0.04%	0.04%
	WFC	A	0.59%	1.08%	0.59%
	WHR	B	0.21%	0.03%	0.03%
	WMB	A	0.35%	0.18%	0.18%
	XOM	B	0.86%	2.34%	0.86%
	XRAY	D	0.06%	0.02%	0.02%
	ZI	D	0.2%	0.01%	0.01%
	ZION	B	0.16%	0.04%	0.04%

VFVA Overweight 381 Positions Relative to IUSV

	Symbol	Grade	Weight
	AL	B	0.41%
	RPRX	F	0.41%
	CIVI	D	0.33%
	LNC	B	0.32%
	DHI	D	0.31%
	CE	F	0.3%
	GTES	A	0.3%
	FANG	D	0.3%
	RDN	D	0.28%
	PRDO	B	0.28%
	OI	D	0.27%
	STBA	B	0.26%
	ATKR	D	0.26%
	AXS	A	0.26%
	OVV	C	0.26%
	TTMI	B	0.25%
	INSW	F	0.24%
	ALK	A	0.23%
	DXC	D	0.23%
	HRI	C	0.22%
	APA	F	0.22%
	SM	C	0.22%
	LEG	F	0.22%
	MLI	B	0.22%
	UHAL	D	0.22%
	WAFD	B	0.21%
	ASO	F	0.21%
	PTEN	C	0.21%
	MATX	B	0.21%
	TPH	D	0.21%
	AMR	C	0.2%
	TGNA	B	0.2%
	DBX	C	0.2%
	ACGL	D	0.2%
	TROX	D	0.2%
	GPOR	A	0.2%
	SIRI	D	0.2%
	FFBC	B	0.2%
	ADNT	F	0.19%
	KOS	D	0.19%
	PUMP	D	0.19%
	MHO	D	0.19%
	HCC	B	0.19%
	PCRX	C	0.19%
	BMBL	C	0.19%
	LILAK	F	0.19%
	STNG	D	0.19%
	MTDR	C	0.18%
	CHRD	F	0.18%
	TNK	F	0.18%
	HAIN	D	0.18%
	MDU	D	0.18%
	CCS	F	0.18%
	AEO	F	0.18%
	AHCO	D	0.18%
	ODP	F	0.18%
	BBWI	C	0.18%
	HELE	C	0.18%
	BYD	B	0.18%
	CCSI	C	0.18%
	PR	B	0.17%
	BTU	C	0.17%
	BFH	B	0.17%
	ATSG	A	0.17%
	EFSC	B	0.17%
	MD	C	0.17%
	DAN	F	0.17%
	GIII	D	0.17%
	GTN	F	0.17%
	IMKTA	C	0.17%
	RNG	C	0.17%
	ZD	B	0.17%
	SLVM	C	0.16%
	TOL	B	0.16%
	PARR	F	0.16%
	AXL	C	0.16%
	WKC	D	0.16%
	ASIX	C	0.16%
	GNK	D	0.16%
	SEB	F	0.16%
	COMM	D	0.16%
	OCFC	B	0.16%
	KOP	C	0.16%
	OMI	F	0.16%
	ABCB	B	0.16%
	ALSN	B	0.16%
	BXC	B	0.16%
	GBX	B	0.16%
	SBH	B	0.16%
	CRGY	A	0.16%
	NMRK	B	0.16%
	CRC	A	0.15%
	DIN	C	0.15%
	GLNG	D	0.15%
	MBUU	C	0.15%
	SNDR	B	0.15%
	WWW	A	0.15%
	JXN	C	0.15%
	BKU	A	0.15%
	NUS	C	0.15%
	CMA	B	0.15%
	ABG	B	0.15%
	OGN	F	0.15%
	MCB	B	0.15%
	TWI	F	0.15%
	SPTN	F	0.15%
	CEIX	A	0.14%
	ELAN	D	0.14%
	IRWD	F	0.14%
	TPC	C	0.14%
	ECVT	C	0.14%
	SNCY	C	0.14%
	RMAX	D	0.14%
	LZB	B	0.14%
	PLTK	B	0.14%
	REZI	A	0.14%
	ASC	D	0.14%
	BRY	F	0.14%
	ALIT	C	0.14%
	DLX	B	0.14%
	TDOC	D	0.13%
	COOP	B	0.13%
	LPG	F	0.13%
	BGS	F	0.13%
	NAVI	F	0.13%
	BELFB	C	0.13%
	JELD	F	0.13%
	VBTX	B	0.13%
	HRB	D	0.13%
	GOGL	C	0.13%
	NWL	B	0.13%
	UNFI	B	0.12%
	GDOT	D	0.12%
	NAT	F	0.12%
	GNW	A	0.12%
	TDS	B	0.12%
	HLX	C	0.12%
	ANDE	F	0.12%
	DCOM	A	0.12%
	FCF	B	0.12%
	RPAY	D	0.12%
	CMRE	B	0.12%
	PLAB	D	0.12%
	DOLE	D	0.12%
	RYI	C	0.12%
	DHT	D	0.12%
	FCNCA	A	0.12%
	BANC	B	0.12%
	APPS	F	0.12%
	SXC	A	0.12%
	STNE	F	0.11%
	BUSE	B	0.11%
	SKYW	B	0.11%
	CLW	F	0.11%
	EYE	C	0.11%
	SASR	B	0.11%
	PEBO	B	0.11%
	PHM	D	0.11%
	FDP	B	0.11%
	PPBI	B	0.11%
	MATV	F	0.11%
	MTUS	D	0.11%
	UFPI	C	0.11%
	IART	C	0.11%
	FIVE	F	0.11%
	SCSC	B	0.11%
	OMCL	C	0.11%
	ATGE	B	0.11%
	JRVR	F	0.11%
	HOPE	B	0.1%
	BV	C	0.1%
	TK	D	0.1%
	CSTM	F	0.1%
	FULT	B	0.1%
	STC	B	0.1%
	LULU	C	0.1%
	SD	F	0.1%
	RRC	B	0.1%
	RNST	B	0.1%
	PHIN	B	0.1%
	CUBI	C	0.1%
	EGBN	B	0.1%
	EGY	F	0.1%
	CHGG	F	0.1%
	FL	F	0.09%
	NX	C	0.09%
	SMP	C	0.09%
	GPRE	F	0.09%
	BANR	B	0.09%
	GCO	C	0.09%
	PATK	D	0.09%
	FOXF	F	0.09%
	AUB	B	0.09%
	SATS	C	0.09%
	DNB	B	0.09%
	UVE	A	0.09%
	VTOL	B	0.09%
	CATY	B	0.09%
	BZH	C	0.09%
	DNOW	B	0.09%
	HBI	B	0.09%
	MODG	F	0.09%
	SCHL	F	0.09%
	HVT	D	0.09%
	NTB	B	0.09%
	WSBC	B	0.08%
	HEES	C	0.08%
	BHLB	B	0.08%
	SFL	D	0.08%
	RYAM	C	0.08%
	SSNC	C	0.08%
	BLDR	D	0.08%
	BOOM	F	0.08%
	CWK	C	0.08%
	PLAY	D	0.08%
	NTCT	C	0.08%
	ACCO	B	0.08%
	BOKF	B	0.08%
	ARCB	C	0.08%
	EAT	A	0.08%
	SRCE	B	0.08%
	NBTB	B	0.08%
	SB	D	0.08%
	PBI	B	0.07%
	WYNN	D	0.07%
	OEC	C	0.07%
	UPBD	C	0.07%
	KFY	B	0.07%
	SNEX	B	0.07%
	PAGS	F	0.07%
	INDB	B	0.07%
	OC	A	0.07%
	MTW	C	0.07%
	HLF	C	0.07%
	CXW	B	0.07%
	BCC	C	0.07%
	OMF	A	0.07%
	TRST	B	0.07%
	TRMK	B	0.07%
	DXPE	B	0.07%
	URBN	C	0.07%
	AX	B	0.07%
	CCRN	F	0.07%
	HAFC	B	0.07%
	FIBK	B	0.07%
	NIC	B	0.07%
	VREX	C	0.07%
	CNA	C	0.07%
	NOG	B	0.07%
	ZEUS	C	0.07%
	HI	C	0.07%
	EBC	B	0.07%
	REVG	B	0.07%
	EMBC	D	0.07%
	NMIH	D	0.07%
	SANM	B	0.07%
	MLKN	F	0.07%
	BBW	B	0.07%
	LBRDA	C	0.06%
	ALGT	C	0.06%
	LXU	C	0.06%
	GPI	B	0.06%
	PFS	B	0.06%
	GOOG	B	0.06%
	PENN	C	0.06%
	CROX	F	0.06%
	FWRD	D	0.06%
	UIS	C	0.06%
	AMWD	C	0.06%
	NNI	D	0.06%
	DENN	D	0.06%
	CAL	F	0.06%
	OIS	C	0.06%
	TCBK	B	0.06%
	BUR	C	0.06%
	SSP	F	0.06%
	KELYA	F	0.06%
	REPX	A	0.06%
	VSCO	A	0.06%
	BPOP	C	0.06%
	RUSHA	B	0.06%
	ENVA	B	0.05%
	PRLB	C	0.05%
	BW	C	0.05%
	MTH	D	0.05%
	GRBK	D	0.05%
	HFWA	B	0.05%
	REX	D	0.05%
	OFG	B	0.05%
	LILA	F	0.05%
	FRME	B	0.05%
	XRX	F	0.05%
	RGP	F	0.05%
	CNOB	B	0.05%
	NWBI	B	0.05%
	TTEC	F	0.05%
	PFSI	C	0.05%
	LBRT	F	0.05%
	MATW	C	0.05%
	TOWN	B	0.05%
	TWLO	A	0.05%
	APO	A	0.05%
	HZO	F	0.04%
	MRC	B	0.04%
	GLDD	B	0.04%
	VRNT	D	0.04%
	WTTR	A	0.04%
	HNRG	B	0.04%
	WNC	D	0.04%
	MKL	A	0.04%
	AMPY	D	0.04%
	XPOF	B	0.04%
	HUBG	A	0.04%
	NCLH	B	0.04%
	ETWO	F	0.04%
	FFWM	C	0.04%
	DESP	A	0.04%
	MOV	D	0.04%
	BLMN	F	0.04%
	RDUS	C	0.04%
	TALO	C	0.04%
	BY	B	0.04%
	CFFN	B	0.04%
	KALU	C	0.04%
	GEO	A	0.04%
	ANET	C	0.03%
	HOV	D	0.03%
	IGT	F	0.03%
	ACT	D	0.03%
	NBHC	B	0.03%
	ESI	B	0.03%
	SCVL	F	0.03%
	HY	D	0.03%
	MBIN	F	0.03%
	CMCO	C	0.03%
	LC	B	0.03%
	CNDT	D	0.03%
	SWI	B	0.03%
	JILL	D	0.03%
	FF	F	0.03%
	QCRH	B	0.03%
	HRTG	C	0.03%
	AMBC	C	0.03%
	AMAL	B	0.03%
	INMD	C	0.03%
	WERN	B	0.03%
	SHLS	F	0.03%
	USAP	A	0.03%
	OLPX	D	0.03%
	PTVE	B	0.03%
	ZIMV	F	0.03%
	WMK	B	0.03%
	FOR	F	0.03%
	DRVN	B	0.03%
	IIIN	D	0.03%
	TBRG	A	0.02%
	NR	C	0.02%
	CMPR	F	0.02%
	NFBK	B	0.02%
	KODK	B	0.02%
	TITN	D	0.02%
	HDSN	F	0.02%
	UCB	A	0.02%
	RS	B	0.02%
	ALKS	C	0.02%
	PINC	B	0.02%
	CRBG	B	0.02%
	BAND	D	0.02%
	BHE	B	0.02%
	TTI	B	0.02%
	EIG	B	0.02%
	GO	C	0.02%
	VYX	C	0.02%
	AMRX	C	0.02%
	PFBC	B	0.02%
	BRKL	B	0.02%
	EPC	F	0.02%
	WRLD	D	0.02%
	MEI	F	0.02%
	PRA	B	0.02%
	OBK	B	0.02%

VFVA Underweight 497 Positions Relative to IUSV

	Symbol	Grade	Weight
	BRK.A	B	-3.74%
	WMT	A	-1.6%
	UNH	C	-1.48%
	HD	A	-1.11%
	PG	C	-1.05%
	COST	A	-1.04%
	ABT	A	-0.87%
	ABBV	F	-0.83%
	V	A	-0.77%
	AMGN	D	-0.7%
	NEE	C	-0.68%
	LOW	C	-0.67%
	DHR	D	-0.67%
	HON	B	-0.66%
	KO	D	-0.65%
	MRK	F	-0.65%
	BLK	B	-0.64%
	PEP	F	-0.63%
	TMO	F	-0.55%
	MA	B	-0.53%
	TXN	C	-0.52%
	MCD	D	-0.52%
	LMT	D	-0.5%
	GE	D	-0.48%
	ACN	C	-0.46%
	LIN	D	-0.46%
	PLD	D	-0.46%
	UPS	C	-0.42%
	SO	C	-0.41%
	SPGI	D	-0.4%
	ICE	C	-0.39%
	DUK	C	-0.37%
	WELL	A	-0.34%
	CAT	C	-0.34%
	UNP	D	-0.34%
	ADP	B	-0.33%
	PGR	B	-0.33%
	APD	A	-0.31%
	NOC	D	-0.3%
	ISRG	A	-0.28%
	NSC	B	-0.26%
	BA	D	-0.25%
	JCI	B	-0.25%
	SRE	A	-0.25%
	BSX	A	-0.25%
	ETN	B	-0.24%
	NKE	F	-0.23%
	MMC	D	-0.23%
	AMT	D	-0.23%
	AEP	C	-0.22%
	CMI	A	-0.22%
	MDLZ	F	-0.22%
	GEV	A	-0.22%
	CME	A	-0.22%
	LHX	B	-0.21%
	D	C	-0.21%
	SYK	A	-0.21%
	TJX	A	-0.21%
	AXP	B	-0.21%
	O	C	-0.21%
	CCI	C	-0.2%
	PCG	A	-0.2%
	VRTX	D	-0.2%
	SHW	C	-0.2%
	EQIX	A	-0.2%
	KVUE	A	-0.2%
	CL	D	-0.2%
	SBUX	A	-0.2%
	COR	B	-0.19%
	BKR	B	-0.19%
	WM	B	-0.19%
	ADI	D	-0.19%
	PEG	C	-0.19%
	KMB	C	-0.19%
	GEHC	D	-0.17%
	STZ	D	-0.17%
	A	F	-0.17%
	EXC	C	-0.17%
	APH	B	-0.17%
	XEL	A	-0.17%
	CEG	C	-0.17%
	ITW	B	-0.17%
	CTVA	C	-0.17%
	CBRE	B	-0.17%
	MCO	D	-0.17%
	CTSH	C	-0.17%
	AON	B	-0.17%
	ZTS	D	-0.16%
	GIS	F	-0.16%
	GLW	B	-0.16%
	BX	A	-0.16%
	SYY	D	-0.16%
	KDP	D	-0.16%
	REGN	F	-0.15%
	CTAS	B	-0.15%
	HUM	D	-0.15%
	RMD	C	-0.15%
	SPG	A	-0.15%
	WAB	B	-0.15%
	CSX	C	-0.15%
	ROP	C	-0.15%
	MSI	B	-0.15%
	EXR	C	-0.15%
	DD	D	-0.15%
	ETR	A	-0.14%
	AJG	B	-0.14%
	ADSK	B	-0.14%
	EIX	C	-0.14%
	WTW	B	-0.14%
	FITB	B	-0.14%
	DLR	A	-0.14%
	NDAQ	A	-0.14%
	AVB	B	-0.14%
	CARR	D	-0.14%
	VICI	C	-0.14%
	ED	C	-0.14%
	TT	A	-0.13%
	PPG	F	-0.13%
	XYL	D	-0.13%
	ABNB	D	-0.13%
	PSA	C	-0.13%
	WEC	A	-0.13%
	ECL	D	-0.13%
	TROW	B	-0.12%
	KEYS	C	-0.12%
	DOV	B	-0.12%
	PAYX	B	-0.12%
	TEL	C	-0.12%
	BIIB	F	-0.11%
	OTIS	C	-0.11%
	PPL	A	-0.11%
	DTE	C	-0.11%
	EQR	C	-0.11%
	SW	A	-0.11%
	EW	C	-0.11%
	VLTO	C	-0.11%
	HBAN	B	-0.11%
	AWK	C	-0.11%
	AMP	A	-0.11%
	VTR	B	-0.11%
	ES	C	-0.1%
	ZBH	C	-0.1%
	EA	A	-0.1%
	TDY	B	-0.1%
	ATO	A	-0.1%
	WY	D	-0.1%
	ILMN	C	-0.1%
	LDOS	C	-0.1%
	IFF	D	-0.1%
	AME	A	-0.1%
	CINF	A	-0.1%
	FAST	B	-0.1%
	OKE	A	-0.1%
	AEE	A	-0.1%
	HWM	A	-0.09%
	EXE	A	-0.09%
	CNP	A	-0.09%
	PH	B	-0.09%
	EFX	F	-0.09%
	DFS	B	-0.09%
	CMS	C	-0.09%
	LH	B	-0.09%
	ZBRA	B	-0.09%
	OMC	C	-0.09%
	MSCI	B	-0.09%
	CLX	A	-0.09%
	WDC	F	-0.09%
	CHTR	B	-0.09%
	YUM	D	-0.09%
	FE	C	-0.09%
	PKG	B	-0.09%
	NTRS	A	-0.09%
	K	B	-0.09%
	IQV	F	-0.09%
	TRMB	B	-0.08%
	TSCO	D	-0.08%
	TER	F	-0.08%
	GPC	F	-0.08%
	IEX	B	-0.08%
	CSGP	F	-0.08%
	J	D	-0.08%
	BBY	D	-0.08%
	HOLX	D	-0.08%
	WRB	B	-0.08%
	DELL	B	-0.08%
	RSG	A	-0.08%
	VRSK	B	-0.08%
	MAA	A	-0.08%
	NRG	B	-0.08%
	BALL	D	-0.08%
	MKC	D	-0.08%
	INVH	D	-0.08%
	ORLY	B	-0.08%
	ESS	A	-0.08%
	LUV	B	-0.08%
	DOC	D	-0.07%
	EL	F	-0.07%
	GRMN	B	-0.07%
	L	A	-0.07%
	NTAP	C	-0.07%
	LNT	A	-0.07%
	IDXX	F	-0.07%
	THC	C	-0.07%
	MNST	C	-0.07%
	AVY	D	-0.07%
	ON	F	-0.07%
	BAX	F	-0.07%
	MTD	F	-0.07%
	USFD	A	-0.07%
	NI	A	-0.07%
	GEN	B	-0.07%
	HSY	F	-0.07%
	IRM	C	-0.07%
	DOCU	B	-0.07%
	KIM	A	-0.07%
	ARE	F	-0.07%
	ROK	B	-0.07%
	JNPR	D	-0.06%
	JKHY	D	-0.06%
	CPT	C	-0.06%
	ANSS	B	-0.06%
	HUBB	B	-0.06%
	GWW	B	-0.06%
	CHRW	B	-0.06%
	SWK	F	-0.06%
	UDR	C	-0.06%
	MRNA	F	-0.06%
	VMC	B	-0.06%
	SWKS	F	-0.06%
	PFGC	B	-0.06%
	CDW	F	-0.06%
	NDSN	D	-0.06%
	SBAC	D	-0.06%
	FFIV	B	-0.06%
	NXPI	F	-0.06%
	WAT	C	-0.06%
	RVTY	D	-0.06%
	CHD	A	-0.06%
	EVRG	A	-0.06%
	MCHP	F	-0.06%
	AMCR	D	-0.06%
	PWR	A	-0.06%
	JBHT	C	-0.06%
	TTWO	A	-0.06%
	AFG	A	-0.05%
	SNA	B	-0.05%
	GME	C	-0.05%
	AA	A	-0.05%
	FOXA	B	-0.05%
	EXPD	D	-0.05%
	CTLT	D	-0.05%
	IPG	F	-0.05%
	AIZ	A	-0.05%
	TECH	F	-0.05%
	PODD	B	-0.05%
	BR	B	-0.05%
	BJ	B	-0.05%
	DXCM	C	-0.05%
	COO	D	-0.05%
	BXP	D	-0.05%
	REG	A	-0.05%
	WPC	C	-0.05%
	ALB	B	-0.05%
	STX	D	-0.05%
	MLM	B	-0.05%
	KMX	C	-0.05%
	INCY	C	-0.05%
	VRSN	F	-0.04%
	HAS	D	-0.04%
	X	C	-0.04%
	AVTR	F	-0.04%
	EPAM	C	-0.04%
	SFM	A	-0.04%
	OGE	A	-0.04%
	HSIC	C	-0.04%
	MTZ	A	-0.04%
	FRT	B	-0.04%
	TPL	A	-0.04%
	WTFC	B	-0.04%
	FLR	B	-0.04%
	CPB	D	-0.04%
	HRL	D	-0.04%
	TFX	F	-0.04%
	XPO	B	-0.04%
	DPZ	C	-0.04%
	GMED	A	-0.04%
	PTC	B	-0.04%
	AAL	B	-0.04%
	SOLV	F	-0.04%
	STE	D	-0.04%
	IR	B	-0.04%
	DRI	C	-0.04%
	NLY	C	-0.04%
	AES	F	-0.04%
	LAD	B	-0.04%
	FDS	B	-0.04%
	MKTX	D	-0.04%
	CRL	D	-0.04%
	PNW	B	-0.04%
	ARMK	C	-0.04%
	BRO	B	-0.03%
	THO	C	-0.03%
	KRG	A	-0.03%
	LITE	B	-0.03%
	POOL	D	-0.03%
	CIEN	B	-0.03%
	SCI	A	-0.03%
	ULTA	F	-0.03%
	OHI	B	-0.03%
	STWD	C	-0.03%
	PAYC	B	-0.03%
	WBA	F	-0.03%
	HR	C	-0.03%
	GBCI	B	-0.03%
	KD	A	-0.03%
	LVS	B	-0.03%
	BIO	C	-0.03%
	PARA	D	-0.03%
	CACI	C	-0.03%
	BURL	A	-0.03%
	VNO	C	-0.03%
	VMI	B	-0.03%
	ALGN	D	-0.03%
	AKAM	F	-0.03%
	OSK	C	-0.03%
	MOH	F	-0.03%
	G	B	-0.03%
	CBOE	C	-0.03%
	ADC	A	-0.03%
	GLPI	C	-0.03%
	ALLE	D	-0.03%
	MRO	A	-0.03%
	FYBR	C	-0.03%
	ACM	B	-0.03%
	IBKR	A	-0.03%
	PB	A	-0.03%
	MAS	D	-0.03%
	ROL	B	-0.03%
	RPM	B	-0.03%
	CYTK	D	-0.02%
	CNM	C	-0.02%
	CZR	F	-0.02%
	FR	C	-0.02%
	NWS	A	-0.02%
	MIDD	D	-0.02%
	ALE	A	-0.02%
	ASH	F	-0.02%
	RL	C	-0.02%
	IDA	A	-0.02%
	CGNX	D	-0.02%
	MKSI	C	-0.02%
	LW	C	-0.02%
	SR	A	-0.02%
	DCI	B	-0.02%
	HQY	A	-0.02%
	SEIC	B	-0.02%
	KRC	C	-0.02%
	TXNM	A	-0.02%
	TCBI	B	-0.02%
	FLS	A	-0.02%
	ORA	B	-0.02%
	ERIE	F	-0.02%
	OGS	A	-0.02%
	SLGN	A	-0.02%
	KBR	F	-0.02%
	KMPR	A	-0.02%
	TTC	F	-0.02%
	AN	D	-0.02%
	FLO	D	-0.02%
	RGLD	C	-0.02%
	SBRA	B	-0.02%
	KEX	B	-0.02%
	GNRC	B	-0.02%
	BKH	A	-0.02%
	BRBR	A	-0.02%
	TKO	A	-0.02%
	SWX	A	-0.02%
	AVNT	B	-0.02%
	CUZ	B	-0.02%
	IRT	A	-0.02%
	LAMR	D	-0.02%
	ATR	B	-0.02%
	AMH	C	-0.02%
	ELS	B	-0.02%
	CUBE	C	-0.02%
	POR	C	-0.02%
	NJR	A	-0.02%
	BRX	A	-0.02%
	CW	B	-0.02%
	NNN	C	-0.02%
	HST	D	-0.02%
	AYI	B	-0.02%
	WTRG	B	-0.02%
	BDC	B	-0.02%
	CBSH	A	-0.02%
	VOYA	B	-0.02%
	UGI	C	-0.02%
	POST	C	-0.02%
	CFR	B	-0.02%
	DAY	B	-0.02%
	UMBF	B	-0.02%
	ENPH	F	-0.02%
	PNR	B	-0.02%
	DKS	D	-0.02%
	BMRN	F	-0.02%
	UBSI	B	-0.02%
	NFG	A	-0.02%
	EHC	B	-0.02%
	REXR	F	-0.02%
	FBIN	F	-0.02%
	CCK	D	-0.02%
	IPGP	D	-0.01%
	YETI	D	-0.01%
	CPRI	F	-0.01%
	EPR	D	-0.01%
	MMS	D	-0.01%
	PSN	C	-0.01%
	NSP	F	-0.01%
	BLKB	B	-0.01%
	VC	F	-0.01%
	WEN	C	-0.01%
	NSA	C	-0.01%
	COLM	B	-0.01%
	KNF	B	-0.01%
	SAM	C	-0.01%
	AMED	F	-0.01%
	SYNA	D	-0.01%
	POWI	D	-0.01%
	OPCH	F	-0.01%
	LIVN	D	-0.01%
	CHH	A	-0.01%
	MSM	D	-0.01%
	HAE	C	-0.01%
	IRDM	F	-0.01%
	UAA	C	-0.01%
	DLB	F	-0.01%
	VNOM	A	-0.01%
	LFUS	D	-0.01%
	LANC	D	-0.01%
	ROIV	D	-0.01%
	CRI	F	-0.01%
	CHX	C	-0.01%
	CBT	C	-0.01%
	ALGM	F	-0.01%
	SRPT	F	-0.01%
	EEFT	C	-0.01%
	CDP	C	-0.01%
	ALTM	C	-0.01%
	SMG	C	-0.01%
	LSTR	D	-0.01%
	AM	A	-0.01%
	JWN	C	-0.01%
	IBOC	B	-0.01%
	RCM	A	-0.01%
	MTN	C	-0.01%
	CRUS	F	-0.01%
	EXPO	D	-0.01%
	BRKR	F	-0.01%
	RYN	D	-0.01%
	NOVT	D	-0.01%
	LPX	B	-0.01%
	GNTX	F	-0.01%
	HXL	F	-0.01%
	ENOV	C	-0.01%
	RLI	A	-0.01%
	GXO	B	-0.01%
	CHWY	B	-0.01%
	WU	F	-0.01%
	WH	B	-0.01%
	MASI	B	-0.01%
	SIGI	B	-0.01%
	RH	D	-0.01%
	MGM	D	-0.01%
	MTSI	B	-0.01%
	CXT	C	-0.01%
	NEOG	D	-0.01%
	ALV	C	-0.01%
	PCH	D	-0.01%
	CVLT	B	-0.01%
	PAG	B	-0.01%
	FFIN	B	-0.01%
	EVR	B	-0.01%
	EXLS	B	-0.01%
	AZPN	A	-0.01%
	EGP	D	-0.01%
	DVA	C	-0.01%
	DOCS	C	-0.01%
	FLG	D	-0.01%
	STAG	D	-0.01%
	AMTM	F	-0.01%
	CHE	F	-0.01%
	AOS	F	-0.01%
	NWE	C	-0.01%
	FHI	B	-0.01%
	MAGN	F	-0.0%
	AZTA	F	-0.0%
	WMG	C	-0.0%

VFVA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Insurance - Property & Casualty Shipping & Ports Asset Management Credit Services Residential Construction Oil & Gas Equipment & Services Auto Parts Software - Application Specialty Retail Chemicals Insurance - Life Apparel Stores Business Services Information Technology Services Specialty Chemicals Steel Diversified Industrials Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Bank Banking Insurance Deposit Products Natural Gas Commercial Banking Real Estate Loans Chemical Commercial Bank Insurance Products Mining Transport Investment Management Loan Petroleum Industry Life Insurance Computing Nasdaq 100 Retail Store

IUSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Packaged Foods Semiconductors Packaging & Containers Software - Application Specialty Chemicals Capital Markets Medical Instruments & Supplies Specialty Retail Biotechnology Insurance - Property & Casualty Oil & Gas E&P Information Technology Services Medical Devices REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Real Estate Investment Trust Banking Electricity Chemical Electronics Aerospace Mining Medicine Computing Telecommunications Dow Jones Component Insurance Products Semiconductor Beverage Plastic