VLU vs. ALAI ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Alger AI Enablers & Adopters ETF (ALAI)

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

$193.73

Average Daily Volume

10,026

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

ALAI

Alger AI Enablers & Adopters ETF

ALAI Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Grade (RS Rating)

Last Trade

$26.06

Average Daily Volume

10,280

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VLU	ALAI
30 Days	3.51%	7.65%
60 Days	5.34%	14.09%
90 Days	6.98%	18.70%
12 Months	30.34%

26 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in ALAI	Overlap
AAPL	C	2.4%	11.09%	2.4%
ADBE	C	0.17%	1.2%	0.17%
AMD	F	0.12%	1.01%	0.12%
AMZN	C	2.04%	8.81%	2.04%
AVGO	D	0.42%	4.14%	0.42%
CDNS	B	0.02%	0.56%	0.02%
CEG	C	0.04%	1.69%	0.04%
DLR	B	0.04%	0.45%	0.04%
EQIX	A	0.07%	1.34%	0.07%
GOOG	C	1.15%	2.33%	1.15%
ISRG	A	0.1%	1.4%	0.1%
JPM	A	1.53%	0.22%	0.22%
META	D	1.68%	6.72%	1.68%
MSFT	D	1.41%	11.86%	1.41%
MU	D	0.13%	0.88%	0.13%
NEE	C	0.34%	0.27%	0.27%
NFLX	A	0.19%	1.34%	0.19%
NOW	A	0.06%	0.68%	0.06%
NRG	B	0.05%	1.02%	0.05%
NVDA	B	0.36%	10.98%	0.36%
PWR	A	0.04%	0.28%	0.04%
SPGI	C	0.12%	2.88%	0.12%
TSLA	B	0.62%	0.63%	0.62%
UBER	F	0.08%	0.47%	0.08%
UNH	B	1.15%	1.42%	1.15%
WMT	A	1.82%	0.31%	0.31%

VLU Overweight 1393 Positions Relative to ALAI

Symbol	Grade	Weight
BRK.A	B	2.43%
XOM	B	1.99%
BAC	A	1.57%
VZ	C	1.5%
T	A	1.4%
CVX	A	1.36%
WFC	A	1.25%
C	A	1.13%
JNJ	C	0.78%
GOOGL	C	0.72%
PFE	F	0.7%
MS	A	0.63%
CMCSA	B	0.62%
COF	C	0.61%
GS	A	0.59%
CVS	D	0.58%
PM	B	0.56%
GM	C	0.55%
TFC	A	0.54%
HD	B	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%
RTX	D	0.44%
TMUS	B	0.43%
MET	A	0.42%
COP	C	0.41%
PNC	B	0.41%
IBM	C	0.41%
USB	A	0.39%
MCK	A	0.39%
PRU	A	0.39%
VLO	C	0.38%
F	C	0.37%
UPS	C	0.37%
ABBV	F	0.37%
MO	A	0.36%
COR	B	0.36%
KO	D	0.36%
GILD	C	0.35%
AXP	A	0.35%
DAL	B	0.35%
BMY	B	0.35%
CI	D	0.34%
CB	C	0.34%
INTC	C	0.33%
DUK	C	0.33%
CHTR	C	0.33%
PEP	F	0.33%
KR	B	0.33%
MDT	D	0.32%
DIS	B	0.32%
LMT	D	0.32%
ACN	B	0.31%
HPQ	B	0.31%
MRK	D	0.3%
SO	C	0.3%
BK	A	0.29%
ELV	F	0.29%
COST	A	0.28%
GE	D	0.27%
MMM	D	0.27%
CRM	B	0.27%
UAL	A	0.26%
CNC	D	0.26%
SCHW	B	0.26%
ABT	B	0.25%
CAH	B	0.25%
FDX	B	0.25%
KHC	F	0.24%
TXN	C	0.24%
CAT	B	0.24%
EOG	A	0.24%
D	C	0.24%
AIG	B	0.24%
HON	C	0.23%
KVUE	A	0.23%
AMGN	F	0.23%
LOW	C	0.23%
HPE	B	0.23%
QCOM	F	0.22%
DE	B	0.22%
SW	A	0.22%
UNP	C	0.22%
ADM	D	0.22%
TGT	F	0.22%
BLK	B	0.22%
SYF	B	0.22%
CCL	A	0.21%
GD	D	0.21%
AFL	B	0.21%
LLY	F	0.19%
LIN	C	0.19%
WMB	A	0.19%
EXC	C	0.19%
MTB	A	0.18%
HCA	F	0.18%
CFG	B	0.18%
PGR	A	0.18%
MDLZ	F	0.18%
LYB	F	0.18%
SRE	A	0.18%
TRV	B	0.18%
PYPL	B	0.18%
HUM	C	0.17%
LUV	C	0.17%
OXY	D	0.17%
DD	C	0.17%
IP	A	0.17%
WBD	B	0.17%
FI	A	0.16%
BBY	D	0.16%
TSN	B	0.16%
BA	F	0.16%
EMR	B	0.16%
ETR	B	0.16%
JCI	B	0.16%
ALL	A	0.16%
AEP	C	0.16%
PFG	D	0.16%
DFS	B	0.16%
TJX	A	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	A	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	B	0.13%
AMT	C	0.13%
HBAN	A	0.13%
LEN	D	0.13%
L	A	0.13%
RGA	A	0.13%
HIG	B	0.13%
VTRS	A	0.13%
NEM	D	0.13%
PLD	F	0.13%
SLB	C	0.13%
MA	B	0.13%
SYY	D	0.12%
MMC	B	0.12%
BKNG	A	0.12%
ACGL	C	0.12%
NKE	F	0.12%
FITB	B	0.12%
BKR	A	0.12%
RF	A	0.12%
DVN	F	0.12%
AMP	A	0.12%
PCAR	B	0.12%
WELL	A	0.12%
NSC	B	0.12%
ETN	A	0.12%
ED	C	0.12%
ADI	D	0.12%
FIS	C	0.11%
CTSH	B	0.11%
DHR	F	0.11%
O	C	0.11%
UNM	A	0.11%
ICE	C	0.11%
VST	A	0.11%
BSX	A	0.11%
PFGC	B	0.11%
KDP	F	0.11%
BG	D	0.11%
NUE	C	0.11%
WEC	A	0.1%
WM	B	0.1%
PH	A	0.1%
CCI	C	0.1%
KMB	C	0.1%
LHX	C	0.1%
REGN	F	0.1%
OVV	B	0.1%
EIX	B	0.1%
GIS	D	0.1%
GLW	B	0.1%
VRTX	D	0.1%
CME	B	0.1%
FANG	C	0.1%
AMAT	F	0.1%
CSX	C	0.1%
DHI	F	0.1%
AFG	A	0.09%
LAD	A	0.09%
ADP	A	0.09%
FOXA	A	0.09%
RSG	A	0.09%
AEE	A	0.09%
MAR	A	0.09%
TRGP	A	0.09%
VICI	C	0.09%
CL	D	0.09%
DTE	C	0.09%
PPL	A	0.09%
ITW	B	0.09%
SYK	B	0.09%
TAP	C	0.09%
SNX	D	0.08%
ORLY	B	0.08%
CNP	A	0.08%
FNF	B	0.08%
CMA	B	0.08%
FCX	F	0.08%
LUMN	C	0.08%
USFD	A	0.08%
EQR	C	0.08%
CARR	C	0.08%
STLD	B	0.08%
EG	C	0.08%
K	A	0.08%
TT	A	0.08%
AAL	B	0.08%
CTVA	C	0.08%
NTRS	A	0.08%
MRO	B	0.08%
BDX	F	0.08%
VTR	B	0.08%
ALLY	C	0.08%
CBRE	B	0.08%
ES	C	0.08%
EBAY	D	0.08%
RCL	A	0.08%
FE	C	0.07%
LVS	B	0.07%
JXN	C	0.07%
GRMN	B	0.07%
CHRD	D	0.07%
WTW	B	0.07%
PSA	C	0.07%
BWA	D	0.07%
NXPI	D	0.07%
IVZ	B	0.07%
LRCX	F	0.07%
ATO	A	0.07%
X	B	0.07%
NDAQ	A	0.07%
PANW	B	0.07%
ANET	C	0.07%
AVB	B	0.07%
AON	A	0.07%
CINF	A	0.07%
HRL	D	0.07%
EVRG	A	0.07%
BIIB	F	0.07%
URI	C	0.07%
EQH	C	0.07%
MOS	F	0.07%
HAL	C	0.07%
TROW	B	0.07%
ZION	B	0.07%
AJG	A	0.06%
PARA	C	0.06%
BEN	C	0.06%
BXP	C	0.06%
FHN	A	0.06%
GWW	B	0.06%
LH	B	0.06%
CMS	C	0.06%
VFC	C	0.06%
ROST	D	0.06%
NVR	D	0.06%
ALK	B	0.06%
VNO	C	0.06%
THC	D	0.06%
PHM	D	0.06%
PAYX	B	0.06%
OMC	C	0.06%
IBKR	A	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	C	0.06%
SHW	B	0.06%
JEF	A	0.06%
CF	A	0.06%
APH	A	0.06%
SPG	A	0.06%
CAG	F	0.06%
GPN	B	0.06%
RJF	A	0.06%
WY	F	0.06%
CHRW	B	0.06%
MHK	D	0.06%
AZO	C	0.06%
DVA	C	0.06%
ALB	B	0.05%
LYV	A	0.05%
WPC	C	0.05%
UHS	D	0.05%
JBL	C	0.05%
KMX	B	0.05%
PKG	A	0.05%
APTV	F	0.05%
JLL	D	0.05%
LDOS	C	0.05%
DOC	C	0.05%
LEA	F	0.05%
DG	F	0.05%
GPI	B	0.05%
BLDR	D	0.05%
ARE	F	0.05%
GPC	D	0.05%
IFF	D	0.05%
FOX	A	0.05%
EA	A	0.05%
ARMK	B	0.05%
OC	A	0.05%
EXPE	B	0.05%
STZ	D	0.05%
SWK	D	0.05%
ZBH	C	0.05%
TOL	B	0.05%
CNX	A	0.05%
RS	B	0.05%
JHG	B	0.05%
BAX	F	0.05%
ROP	B	0.05%
LNC	C	0.05%
RNR	C	0.05%
PNW	A	0.05%
GEN	B	0.05%
WRB	A	0.05%
WBA	F	0.05%
WHR	B	0.05%
MNST	C	0.05%
COOP	B	0.05%
ARW	D	0.05%
STWD	C	0.05%
HSY	F	0.05%
DGX	A	0.05%
EWBC	A	0.05%
AWK	C	0.05%
COLB	B	0.05%
AMCR	C	0.05%
J	D	0.04%
DOV	A	0.04%
XPO	B	0.04%
OGS	A	0.04%
BRO	B	0.04%
NOG	B	0.04%
CPT	B	0.04%
KIM	A	0.04%
UTHR	C	0.04%
TXT	D	0.04%
M	F	0.04%
EW	C	0.04%
SF	B	0.04%
AN	C	0.04%
CNO	B	0.04%
BKH	A	0.04%
NTAP	C	0.04%
OHI	C	0.04%
SANM	B	0.04%
EXPD	C	0.04%
DLTR	F	0.04%
MOH	F	0.04%
MUSA	B	0.04%
AME	A	0.04%
GL	C	0.04%
TMHC	C	0.04%
AES	F	0.04%
SWKS	F	0.04%
REG	A	0.04%
HST	C	0.04%
FYBR	C	0.04%
KRC	B	0.04%
SNA	A	0.04%
BERY	C	0.04%
TKO	A	0.04%
MKC	C	0.04%
WSO	A	0.04%
GAP	C	0.04%
HWM	A	0.04%
VLY	B	0.04%
MCHP	F	0.04%
APA	D	0.04%
ROK	C	0.04%
FAST	B	0.04%
BALL	F	0.04%
MAA	B	0.04%
MUR	D	0.04%
SNV	C	0.04%
CIVI	D	0.04%
AA	A	0.04%
CTAS	B	0.04%
GLPI	C	0.04%
INVH	D	0.04%
MCO	B	0.04%
AVT	C	0.04%
TPR	B	0.04%
VOYA	B	0.04%
ON	D	0.04%
WBS	A	0.04%
CPB	D	0.04%
LNT	A	0.04%
ROIV	C	0.04%
CPAY	A	0.04%
CMG	B	0.04%
IQV	F	0.04%
AR	B	0.04%
SJM	D	0.04%
ESS	B	0.04%
IRM	C	0.04%
AIZ	A	0.04%
WDC	D	0.04%
AL	B	0.04%
MGM	D	0.04%
UGI	C	0.04%
OZK	B	0.04%
ECL	D	0.04%
STX	C	0.04%
ZTS	D	0.04%
SNPS	B	0.04%
EXR	C	0.04%
WCC	B	0.04%
DRI	B	0.04%
WAB	B	0.04%
KLAC	F	0.04%
FTNT	C	0.04%
EMN	C	0.04%
ORI	A	0.04%
MSI	B	0.04%
ABG	C	0.04%
CLH	C	0.03%
TGNA	B	0.03%
SSB	B	0.03%
MTG	C	0.03%
HAS	D	0.03%
FMC	D	0.03%
INCY	C	0.03%
LAMR	C	0.03%
DAR	C	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%
CSL	C	0.03%
PK	C	0.03%
TRN	B	0.03%
BURL	B	0.03%
MTDR	B	0.03%
RDN	D	0.03%
SFNC	C	0.03%
ILMN	C	0.03%
FSLR	F	0.03%
ULTA	F	0.03%
BXMT	C	0.03%
CUZ	B	0.03%
TDS	B	0.03%
PENN	C	0.03%
AKAM	D	0.03%
POST	C	0.03%
PAG	B	0.03%
HBI	B	0.03%
COKE	C	0.03%
WAFD	B	0.03%
WTFC	A	0.03%
GPK	C	0.03%
HSIC	C	0.03%
CR	A	0.03%
WTRG	B	0.03%
BRX	A	0.03%
DTM	A	0.03%
GNW	A	0.03%
FLR	B	0.03%
GEHC	D	0.03%
NFG	A	0.03%
BHF	C	0.03%
HUBB	B	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%
BKU	A	0.03%
CDW	F	0.03%
THO	B	0.03%
AGCO	D	0.03%
CNK	C	0.03%
UDR	B	0.03%
FNB	A	0.03%
CBOE	C	0.03%
ABM	B	0.03%
PR	B	0.03%
CFR	B	0.03%
EME	A	0.03%
PNFP	B	0.03%
GHC	B	0.03%
ODFL	C	0.03%
IT	C	0.03%
BTU	B	0.03%
DEI	B	0.03%
CHD	A	0.03%
RRC	B	0.03%
OGE	A	0.03%
NWSA	A	0.03%
PB	B	0.03%
RL	C	0.03%
ACM	B	0.03%
MTZ	B	0.03%
GEO	B	0.03%
COHR	B	0.03%
MLM	C	0.03%
GDDY	A	0.03%
CACI	D	0.03%
EL	F	0.03%
HIW	C	0.03%
HCC	B	0.03%
SFM	A	0.03%
CLX	A	0.03%
NWL	C	0.03%
CALM	A	0.03%
KD	B	0.03%
FTV	C	0.03%
LULU	C	0.03%
VMC	B	0.03%
YUM	D	0.03%
LKQ	F	0.03%
A	D	0.03%
JBHT	C	0.03%
CATY	B	0.03%
DKS	D	0.03%
BJ	A	0.03%
KEYS	A	0.03%
GME	C	0.03%
WU	F	0.03%
MLI	B	0.03%
DXC	B	0.03%
TDY	B	0.03%
OGN	F	0.03%
ONB	C	0.03%
IPG	D	0.03%
CASY	A	0.03%
FAF	A	0.03%
CCK	D	0.03%
KNX	C	0.03%
ASB	B	0.03%
CMC	B	0.03%
TSCO	D	0.03%
INGR	C	0.03%
ADSK	A	0.03%
WLK	D	0.03%
CPRT	B	0.03%
NCLH	B	0.03%
OTIS	C	0.03%
AYI	B	0.02%
INDB	B	0.02%
GMED	A	0.02%
ITT	A	0.02%
EPAM	B	0.02%
VVV	D	0.02%
HUBG	A	0.02%
KTB	B	0.02%
CNXC	F	0.02%
MGY	A	0.02%
FLO	D	0.02%
ADNT	F	0.02%
MAC	B	0.02%
VMI	B	0.02%
VSTS	C	0.02%
MRNA	F	0.02%
GATX	A	0.02%
ERIE	D	0.02%
NSIT	F	0.02%
AIT	B	0.02%
ATI	C	0.02%
PLXS	B	0.02%
VLTO	C	0.02%
AX	B	0.02%
LPX	B	0.02%
CABO	B	0.02%
ELS	C	0.02%
NWBI	B	0.02%
VYX	B	0.02%
KMPR	A	0.02%
UAA	C	0.02%
MHO	D	0.02%
LITE	B	0.02%
FICO	B	0.02%
MSM	C	0.02%
TXRH	B	0.02%
EFX	F	0.02%
MOG.A	B	0.02%
KRG	B	0.02%
MCY	A	0.02%
SIGI	C	0.02%
POR	C	0.02%
WFRD	D	0.02%
NDSN	B	0.02%
GEF	A	0.02%
AXTA	B	0.02%
SEIC	B	0.02%
CVBF	A	0.02%
SLM	A	0.02%
NWE	B	0.02%
NATL	B	0.02%
FLS	B	0.02%
TNL	A	0.02%
CBT	D	0.02%
ABCB	B	0.02%
NVT	B	0.02%
KSS	F	0.02%
RRX	B	0.02%
WWD	C	0.02%
BCC	B	0.02%
OI	C	0.02%
FULT	A	0.02%
MTD	F	0.02%
PRG	C	0.02%
BHE	C	0.02%
PII	F	0.02%
FL	F	0.02%
BC	C	0.02%
LII	A	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%
AXON	A	0.02%
BYD	B	0.02%
KAR	B	0.02%
ESNT	F	0.02%
LNW	F	0.02%
SLG	B	0.02%
MDU	D	0.02%
RUSHA	C	0.02%
PRGO	C	0.02%
AGO	B	0.02%
IDA	A	0.02%
OLN	F	0.02%
PTC	B	0.02%
REZI	A	0.02%
AUB	B	0.02%
WYNN	C	0.02%
WAT	C	0.02%
AAP	D	0.02%
PPC	C	0.02%
PVH	C	0.02%
BANC	B	0.02%
IDXX	F	0.02%
SWX	B	0.02%
CWEN	C	0.02%
AM	A	0.02%
HOG	D	0.02%
TYL	B	0.02%
GXO	B	0.02%
FBIN	D	0.02%
PNM	B	0.02%
EAT	A	0.02%
UMBF	B	0.02%
AVNT	B	0.02%
GBX	A	0.02%
TTWO	A	0.02%
RNST	B	0.02%
BBWI	C	0.02%
GBCI	B	0.02%
PRI	B	0.02%
TCBI	C	0.02%
HLT	A	0.02%
TPH	D	0.02%
CIEN	C	0.02%
MTH	D	0.02%
AVY	F	0.02%
URBN	C	0.02%
CLF	F	0.02%
RVTY	F	0.02%
MATX	C	0.02%
CW	C	0.02%
EHC	B	0.02%
BANF	B	0.02%
SBRA	C	0.02%
FHB	B	0.02%
JWN	D	0.02%
JBLU	F	0.02%
IBTX	B	0.02%
SIG	B	0.02%
ADC	A	0.02%
H	B	0.02%
KEX	B	0.02%
HII	F	0.02%
EVR	B	0.02%
SLGN	A	0.02%
HOMB	A	0.02%
STE	D	0.02%
WSM	C	0.02%
KBH	D	0.02%
RHI	C	0.02%
BANR	B	0.02%
VRSN	C	0.02%
GNRC	C	0.02%
CBSH	B	0.02%
SEM	B	0.02%
ALGN	D	0.02%
THG	A	0.02%
RPM	A	0.02%
DECK	A	0.02%
IBOC	B	0.02%
OSK	C	0.02%
UFPI	C	0.02%
PNR	A	0.02%
AMKR	D	0.02%
TRMB	B	0.02%
IR	B	0.02%
CRS	B	0.02%
SKYW	C	0.02%
CXW	C	0.02%
CUBE	C	0.02%
ALV	C	0.02%
G	B	0.02%
BR	A	0.02%
ABR	C	0.02%
SATS	D	0.02%
NOV	C	0.02%
FFIV	B	0.02%
PFS	B	0.02%
CSGP	D	0.02%
TDG	D	0.02%
HOLX	D	0.02%
ENVA	B	0.02%
FFBC	B	0.02%
AMG	B	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	B	0.02%
SCI	B	0.02%
UBSI	B	0.02%
RMD	C	0.02%
SON	F	0.02%
VSCO	C	0.02%
GT	C	0.02%
BIO	C	0.02%
SM	B	0.02%
ANSS	B	0.02%
BFH	C	0.02%
CE	F	0.02%
SKX	D	0.02%
HRB	D	0.02%
CZR	F	0.02%
AMH	C	0.02%
GDOT	D	0.01%
RES	D	0.01%
TRST	B	0.01%
HTZ	C	0.01%
CHE	D	0.01%
PRA	C	0.01%
AVNS	F	0.01%
HFWA	C	0.01%
MSGS	A	0.01%
AIN	C	0.01%
TFIN	B	0.01%
FBNC	B	0.01%
CVI	F	0.01%
AEIS	C	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%
PFBC	B	0.01%
SCHL	F	0.01%
AAT	B	0.01%
XHR	B	0.01%
UCTT	D	0.01%
EZPW	B	0.01%
MMI	C	0.01%
AWR	B	0.01%
SAFT	B	0.01%
CHEF	A	0.01%
AZZ	A	0.01%
RGEN	D	0.01%
EFC	C	0.01%
PAYO	A	0.01%
MATV	D	0.01%
HAIN	D	0.01%
PRDO	B	0.01%
POWL	C	0.01%
ONTO	F	0.01%
EPC	F	0.01%
VIR	D	0.01%
SHAK	C	0.01%
TDC	D	0.01%
UFCS	A	0.01%
CVLT	B	0.01%
INN	D	0.01%
FWRD	D	0.01%
HCSG	C	0.01%
CWT	C	0.01%
HLX	B	0.01%
AMWD	C	0.01%
MRCY	C	0.01%
WRLD	C	0.01%
MP	C	0.01%
CENX	B	0.01%
NBHC	C	0.01%
HALO	F	0.01%
MEDP	D	0.01%
HAE	C	0.01%
CUBI	B	0.01%
CHCO	B	0.01%
DRH	B	0.01%
FIZZ	C	0.01%
PLAB	C	0.01%
APOG	C	0.01%
HWKN	B	0.01%
FSS	B	0.01%
ELME	D	0.01%
HAFC	B	0.01%
CHH	A	0.01%
PLUS	F	0.01%
SYNA	C	0.01%
ESAB	C	0.01%
RCM	A	0.01%
WST	C	0.01%
STRA	C	0.01%
GTY	A	0.01%
NGVT	B	0.01%
JJSF	C	0.01%
LGND	C	0.01%
SMPL	B	0.01%
BLMN	F	0.01%
HXL	F	0.01%
GFF	A	0.01%
NHC	C	0.01%
JBT	B	0.01%
KNF	B	0.01%
MCW	C	0.01%
CPK	A	0.01%
ZD	B	0.01%
RDNT	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%
HASI	D	0.01%
SPTN	D	0.01%
KN	B	0.01%
VRE	B	0.01%
MMSI	A	0.01%
KWR	C	0.01%
IBP	D	0.01%
SBCF	B	0.01%
CRI	F	0.01%
ASIX	B	0.01%
FCPT	C	0.01%
BRKR	D	0.01%
AHCO	F	0.01%
EXP	B	0.01%
LNTH	D	0.01%
ENPH	F	0.01%
BKE	B	0.01%
SCVL	F	0.01%
SKT	A	0.01%
VC	F	0.01%
EIG	B	0.01%
MORN	B	0.01%
CORT	B	0.01%
TREX	C	0.01%
LANC	C	0.01%
OSIS	A	0.01%
ALKS	C	0.01%
ENR	B	0.01%
NBR	C	0.01%
FELE	B	0.01%
KALU	C	0.01%
CFFN	C	0.01%
MYRG	B	0.01%
AWI	A	0.01%
HQY	A	0.01%
BOOT	C	0.01%
KLIC	B	0.01%
NSP	F	0.01%
MNRO	D	0.01%
LXP	D	0.01%
OPCH	D	0.01%
STC	B	0.01%
PCTY	C	0.01%
MC	C	0.01%
PUMP	C	0.01%
OII	B	0.01%
VTLE	C	0.01%
LGIH	F	0.01%
TBBK	B	0.01%
ALGT	B	0.01%
WD	D	0.01%
FND	D	0.01%
DIOD	D	0.01%
PAYC	B	0.01%
CWEN	C	0.01%
CVCO	A	0.01%
IOSP	C	0.01%
CPF	B	0.01%
WEN	D	0.01%
CASH	B	0.01%
XRAY	F	0.01%
LPG	F	0.01%
CARG	B	0.01%
MGEE	B	0.01%
BRBR	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%
AVAV	C	0.01%
TMP	B	0.01%
VNT	C	0.01%
XRX	F	0.01%
WMS	F	0.01%
RUN	F	0.01%
RWT	D	0.01%
LTC	B	0.01%
HI	C	0.01%
ROIC	A	0.01%
MPWR	F	0.01%
B	A	0.01%
SHOO	F	0.01%
SSD	F	0.01%
NBIX	C	0.01%
ALGM	D	0.01%
UE	B	0.01%
EGBN	B	0.01%
EXLS	B	0.01%
OFG	B	0.01%
PJT	A	0.01%
THS	D	0.01%
CPRI	F	0.01%
MKSI	C	0.01%
OMI	F	0.01%
ENOV	C	0.01%
SXT	C	0.01%
EXPI	D	0.01%
SHC	F	0.01%
MTSI	B	0.01%
FTDR	B	0.01%
DORM	B	0.01%
MASI	B	0.01%
ORA	B	0.01%
DAY	B	0.01%
CENTA	C	0.01%
AROC	A	0.01%
WGO	C	0.01%
UNF	B	0.01%
INVA	D	0.01%
DAN	D	0.01%
PARR	F	0.01%
GTLS	A	0.01%
CCS	D	0.01%
ANF	F	0.01%
OTTR	C	0.01%
DLB	B	0.01%
CHX	C	0.01%
PCH	F	0.01%
MTX	B	0.01%
CBRL	C	0.01%
ITGR	B	0.01%
BDN	C	0.01%
FCF	B	0.01%
CNXN	C	0.01%
NMIH	C	0.01%
DLX	B	0.01%
BRKL	B	0.01%
IRT	A	0.01%
HMN	B	0.01%
ENSG	C	0.01%
PHIN	A	0.01%
SXC	A	0.01%
VAL	F	0.01%
AKR	B	0.01%
NPO	A	0.01%
FBK	C	0.01%
RXO	D	0.01%
KMT	B	0.01%
DXCM	C	0.01%
VSTO	A	0.01%
KLG	B	0.01%
EGP	D	0.01%
PATK	C	0.01%
DOCS	C	0.01%
SFBS	C	0.01%
NEU	D	0.01%
NYT	D	0.01%
CNM	D	0.01%
MAT	D	0.01%
BRC	D	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	C	0.01%
RYN	D	0.01%
PINC	B	0.01%
PODD	C	0.01%
HGV	C	0.01%
STBA	B	0.01%
BWXT	B	0.01%
NWS	A	0.01%
DCOM	B	0.01%
SAH	C	0.01%
DPZ	C	0.01%
TEX	F	0.01%
LZB	B	0.01%
FUL	F	0.01%
OLLI	D	0.01%
POOL	C	0.01%
SCSC	C	0.01%
RH	C	0.01%
PSTG	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%
LOPE	C	0.01%
EPR	C	0.01%
MKTX	D	0.01%
NBTB	B	0.01%
TTC	C	0.01%
LCII	C	0.01%
PRK	B	0.01%
KW	C	0.01%
CDP	C	0.01%
FN	C	0.01%
OUT	A	0.01%
FIX	A	0.01%
GRBK	D	0.01%
SAIA	B	0.01%
PIPR	A	0.01%
CAKE	C	0.01%
RLI	A	0.01%
BHLB	B	0.01%
ITRI	C	0.01%
WSFS	B	0.01%
KFY	B	0.01%
PSMT	D	0.01%
PBH	A	0.01%
BGC	C	0.01%
CRUS	D	0.01%
RBC	A	0.01%
PBI	B	0.01%
CRK	B	0.01%
IIPR	D	0.01%
ECPG	C	0.01%
MD	C	0.01%
FFIN	B	0.01%
BOH	B	0.01%
WEX	D	0.01%
DT	D	0.01%
PMT	C	0.01%
GVA	A	0.01%
SMG	C	0.01%
GIII	D	0.01%
UNFI	A	0.01%
TTMI	C	0.01%
WOR	F	0.01%
SBH	C	0.01%
BDC	C	0.01%
LSTR	D	0.01%
LFUS	D	0.01%
ARI	C	0.01%
CRL	D	0.01%
LRN	A	0.01%
ASGN	F	0.01%
SABR	C	0.01%
IDCC	B	0.01%
GMS	B	0.01%
GGG	B	0.01%
CROX	D	0.01%
WH	B	0.01%
WERN	C	0.01%
WS	C	0.01%
FDP	B	0.01%
CCOI	B	0.01%
NAVI	F	0.01%
LECO	C	0.01%
EPRT	B	0.01%
LBRT	D	0.01%
ACIW	B	0.01%
FHI	B	0.01%
KBR	F	0.01%
PTEN	C	0.01%
ICUI	D	0.01%
VRSK	A	0.01%
GNTX	C	0.01%
MTCH	D	0.01%
NWN	A	0.01%
ENS	F	0.01%
ASH	F	0.01%
JKHY	D	0.01%
HNI	B	0.01%
CHDN	B	0.01%
PEB	D	0.01%
LW	C	0.01%
ASO	F	0.01%
NVST	B	0.01%
FBP	C	0.01%
GNL	F	0.01%
COTY	F	0.01%
QRVO	F	0.01%
TRMK	C	0.01%
LEG	F	0.01%
MSCI	C	0.01%
CTLT	C	0.01%
UPBD	B	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%
TTEK	F	0.01%
STAG	D	0.01%
MMS	F	0.01%
DCI	B	0.01%
HTH	C	0.01%
CC	C	0.01%
TALO	C	0.01%
PDCO	F	0.01%
EEFT	B	0.01%
UCB	A	0.01%
TER	F	0.01%
JBGS	F	0.01%
REXR	F	0.01%
IEX	C	0.01%
AOS	F	0.01%
DY	D	0.01%
ATR	B	0.01%
BLD	D	0.01%
RGLD	C	0.01%
WKC	C	0.01%
SEE	C	0.01%
AVA	A	0.01%
FRT	B	0.01%
DBX	B	0.01%
FR	D	0.01%
ANDE	D	0.01%
SLVM	B	0.01%
NJR	A	0.01%
ATGE	B	0.01%
PPBI	C	0.01%
TKR	D	0.01%
HLI	A	0.01%
WWW	A	0.01%
MLKN	F	0.01%
MTN	C	0.01%
VAC	C	0.01%
COLM	C	0.01%
VBTX	B	0.01%
EXEL	B	0.01%
MIDD	C	0.01%
HOPE	C	0.01%
ST	F	0.01%
SPNT	B	0.01%
ALLE	C	0.01%
AORT	B	0.0%
NPK	B	0.0%
WOLF	F	0.0%
XPEL	B	0.0%
NARI	C	0.0%
LESL	D	0.0%
AGYS	A	0.0%
VCEL	B	0.0%
PGNY	F	0.0%
GOGO	C	0.0%
MSEX	C	0.0%
EMBC	C	0.0%
STAA	F	0.0%
PCRX	C	0.0%
TNDM	D	0.0%
CELH	F	0.0%
RGNX	D	0.0%
CLB	B	0.0%
CERT	F	0.0%
ARWR	D	0.0%
SEDG	F	0.0%
NABL	F	0.0%
COHU	C	0.0%
TTGT	B	0.0%
ELF	C	0.0%
CRSR	C	0.0%
SSTK	F	0.0%
HCI	C	0.0%
JBSS	F	0.0%
BMI	B	0.0%
MYE	F	0.0%
SNCY	C	0.0%
LQDT	B	0.0%
ICHR	C	0.0%
CEVA	B	0.0%
SITM	B	0.0%
TGI	B	0.0%
NXRT	B	0.0%
BJRI	C	0.0%
MXL	C	0.0%
AAON	B	0.0%
GKOS	B	0.0%
SHEN	F	0.0%
COLL	F	0.0%
GPRE	F	0.0%
CYTK	F	0.0%
DGII	C	0.0%
IIIN	C	0.0%
SLAB	F	0.0%
AHH	D	0.0%
MGPI	F	0.0%
THRY	D	0.0%
WING	D	0.0%
CARS	C	0.0%
WT	A	0.0%
DV	C	0.0%
IRWD	F	0.0%
VECO	F	0.0%
CTS	C	0.0%
EPAC	C	0.0%
WSR	A	0.0%
ASTE	C	0.0%
CPRX	C	0.0%
CENT	C	0.0%
RGR	F	0.0%
JACK	C	0.0%
HRMY	D	0.0%
PZZA	F	0.0%
TRUP	B	0.0%
THRM	F	0.0%
TNC	D	0.0%
PEN	B	0.0%
VICR	C	0.0%
USNA	C	0.0%
SXI	B	0.0%
SPSC	D	0.0%
PRLB	B	0.0%
YETI	D	0.0%
XNCR	B	0.0%
LNN	B	0.0%
MTUS	C	0.0%
PRVA	C	0.0%
POWI	F	0.0%
SONO	C	0.0%
VVI	C	0.0%
HSII	B	0.0%
KOP	C	0.0%
IRDM	D	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	C	0.0%
ALG	B	0.0%
ASTH	F	0.0%
UFPT	C	0.0%
FLGT	F	0.0%
WNC	C	0.0%
ACLS	F	0.0%
WDFC	B	0.0%
DFIN	D	0.0%
MATW	C	0.0%
BLKB	B	0.0%
GDEN	B	0.0%
ALRM	C	0.0%
AOSL	C	0.0%
OXM	F	0.0%
CNMD	C	0.0%
JOE	F	0.0%
LIVN	F	0.0%
EYE	C	0.0%
RCUS	F	0.0%
NVEE	F	0.0%
QLYS	B	0.0%
LSCC	D	0.0%
AZTA	D	0.0%
USPH	B	0.0%
REX	D	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	B	0.0%
AMSF	B	0.0%
HZO	F	0.0%
SVC	F	0.0%
NVRI	D	0.0%
ETD	C	0.0%
MRTN	D	0.0%
HAYN	A	0.0%
MANH	D	0.0%
TWI	F	0.0%
VRRM	F	0.0%
FBRT	D	0.0%
AIR	B	0.0%
CNSL	C	0.0%
PLMR	A	0.0%
NEO	C	0.0%
DVAX	C	0.0%
NEOG	F	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	B	0.0%
PRGS	A	0.0%
SMTC	B	0.0%
HAYW	B	0.0%
CRVL	B	0.0%
ADUS	D	0.0%
FIVE	F	0.0%
LKFN	C	0.0%
DXPE	C	0.0%
VTOL	B	0.0%
HPP	F	0.0%
AMN	F	0.0%
UTL	B	0.0%
TR	B	0.0%
AMBC	C	0.0%
PRAA	D	0.0%
PLAY	D	0.0%
PLNT	A	0.0%
MTRN	C	0.0%
SAM	C	0.0%
CSR	B	0.0%
TILE	B	0.0%
IPAR	B	0.0%
BFS	C	0.0%
QNST	B	0.0%
VSAT	F	0.0%
PAHC	C	0.0%
ROCK	C	0.0%
KREF	C	0.0%
HELE	C	0.0%
SUPN	C	0.0%
IART	C	0.0%
FORM	D	0.0%
ALEX	B	0.0%
SCL	C	0.0%
MODG	F	0.0%
SOLV	D	0.0%
MSA	F	0.0%
UNIT	B	0.0%
CAL	F	0.0%

VLU Underweight 15 Positions Relative to ALAI

Symbol	Grade	Weight
APP	B	-4.79%
TSM	B	-2.57%
VRT	B	-2.18%
DKNG	B	-1.77%
MELI	C	-1.45%
SPOT	B	-1.0%
ASML	F	-0.81%
SE	A	-0.8%
PINS	F	-0.79%
NTRA	A	-0.74%
DELL	B	-0.58%
MRVL	B	-0.48%
TTD	B	-0.43%
SHOP	B	-0.24%
HUBS	A	-0.2%