VLU vs. BWZ ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ)

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

$181.97

Average Daily Volume

11,970

Number of Holdings ^*

1423

* may have additional holdings in another (foreign) market

BWZ

SPDR Bloomberg Short Term International Treasury Bond ETF

BWZ Description

The investment seeks to provide investment results that correspond generally to an index that tracks the short-term (1-3 year remaining maturity) fixed rate, investment grade debt issued by foreign governments of investment grade countries. The fund seeks to track the Barclays 1-3 Year Global Treasury ex-US Capped Index. It invests at least 80% of total assets in the securities comprising the index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

32,482

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VLU	BWZ
30 Days	1.71%	1.33%
60 Days	2.86%	4.91%
90 Days	5.99%	6.47%
12 Months	24.09%	6.70%

1 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in BWZ	Overlap
	PEN	D	0.0%	0.0%	0.0%

VLU Overweight 1422 Positions Relative to BWZ

Symbol	Grade	Weight
BRK.A	C	2.41%
AAPL	D	2.37%
XOM	D	1.97%
AMZN	C	1.94%
WMT	B	1.8%
VZ	B	1.69%
META	A	1.68%
MSFT	C	1.54%
T	B	1.41%
BAC	D	1.38%
JPM	D	1.35%
CVX	D	1.26%
UNH	C	1.22%
GOOG	D	1.13%
C	D	0.99%
WFC	D	0.96%
JNJ	B	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	D	0.52%
HD	B	0.51%
GS	D	0.51%
TFC	D	0.5%
MS	D	0.49%
COF	C	0.48%
GM	B	0.48%
PSX	D	0.48%
RTX	C	0.47%
TSLA	C	0.47%
ABBV	C	0.46%
CSCO	B	0.46%
IBM	B	0.45%
KO	B	0.44%
TMUS	C	0.42%
ELV	C	0.42%
AVGO	C	0.42%
CI	C	0.41%
MET	A	0.41%
V	B	0.41%
ORCL	B	0.41%
VLO	D	0.4%
COP	D	0.4%
NEE	B	0.4%
CB	B	0.39%
PEP	C	0.39%
PRU	C	0.38%
F	D	0.38%
MRK	D	0.38%
UPS	D	0.37%
PNC	B	0.37%
KMI	A	0.37%
MO	C	0.36%
DUK	C	0.36%
LMT	C	0.36%
CNC	C	0.36%
USB	B	0.36%
MCK	F	0.35%
MDT	C	0.35%
KR	B	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	C	0.3%
MMM	B	0.29%
GE	B	0.28%
AMGN	B	0.28%
ADM	D	0.27%
BK	A	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	B	0.24%
DE	B	0.23%
CRM	D	0.23%
CAT	C	0.23%
EOG	D	0.23%
TGT	C	0.23%
HCA	B	0.23%
KVUE	B	0.23%
LOW	B	0.23%
LYB	F	0.22%
MDLZ	B	0.22%
AFL	B	0.22%
LIN	B	0.21%
SW	B	0.21%
SCHW	D	0.21%
EXC	B	0.21%
HON	D	0.21%
BLK	A	0.2%
HPE	D	0.2%
HUM	F	0.2%
GD	B	0.2%
ADBE	D	0.19%
PGR	A	0.19%
DD	B	0.18%
TRV	B	0.18%
OXY	F	0.18%
AEP	B	0.18%
NEM	B	0.18%
TMO	C	0.18%
DOW	D	0.18%
PYPL	B	0.17%
CFG	D	0.17%
WBD	D	0.17%
BBY	B	0.17%
NFLX	B	0.17%
SYF	C	0.17%
TJX	C	0.17%
SRE	B	0.17%
CCL	C	0.16%
TSN	C	0.16%
REGN	C	0.16%
PFG	B	0.16%
PLD	C	0.16%
MCD	C	0.16%
AMT	C	0.16%
WMB	B	0.16%
ALL	A	0.16%
NOC	B	0.16%
JCI	B	0.15%
MTB	B	0.15%
BA	F	0.15%
UAL	B	0.15%
SBUX	C	0.15%
LEN	B	0.15%
IP	B	0.15%
LUV	C	0.15%
KEY	B	0.14%
ACGL	B	0.14%
PEG	B	0.14%
XEL	A	0.14%
APD	B	0.14%
ETR	A	0.14%
AMD	F	0.14%
ED	C	0.14%
ADI	D	0.14%
O	B	0.13%
VTRS	C	0.13%
RGA	B	0.13%
MMC	C	0.13%
BG	D	0.13%
KDP	A	0.13%
L	B	0.13%
MU	F	0.13%
NKE	D	0.13%
DFS	C	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	A	0.13%
NUE	F	0.12%
ICE	B	0.12%
CCI	B	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	B	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	C	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	D	0.1%
GLW	B	0.1%
WM	D	0.1%
EBAY	B	0.1%
BKR	D	0.1%
WEC	B	0.1%
TEL	D	0.1%
ISRG	C	0.1%
AMP	B	0.1%
FANG	D	0.1%
DTE	B	0.1%
PFGC	B	0.1%
EQT	D	0.1%
VICI	C	0.1%
BKNG	B	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	B	0.09%
AEE	B	0.09%
CTVA	B	0.09%
OVV	D	0.09%
EQR	B	0.09%
UNM	B	0.09%
BDX	F	0.09%
SYK	C	0.09%
TAP	C	0.09%
ITW	B	0.09%
RSG	D	0.09%
BIIB	F	0.09%
ES	C	0.09%
PPL	C	0.09%
EQIX	B	0.08%
TT	B	0.08%
NXPI	D	0.08%
PSA	B	0.08%
AVB	B	0.08%
MOS	F	0.08%
LRCX	F	0.08%
AFG	B	0.08%
DVA	B	0.08%
MRO	D	0.08%
CAG	B	0.08%
ALLY	F	0.08%
CBRE	A	0.08%
FNF	A	0.08%
SNX	D	0.08%
FCX	D	0.08%
MAR	C	0.08%
HRL	C	0.08%
K	A	0.08%
EQH	C	0.07%
WTW	B	0.07%
PANW	D	0.07%
PPG	C	0.07%
VST	C	0.07%
BAX	C	0.07%
URI	B	0.07%
HSY	C	0.07%
ROST	C	0.07%
BWA	D	0.07%
NDAQ	B	0.07%
STLD	D	0.07%
ATO	B	0.07%
PHM	B	0.07%
CINF	B	0.07%
CMA	B	0.07%
LAD	C	0.07%
AON	B	0.07%
TROW	D	0.07%
NVR	B	0.07%
CNP	C	0.07%
WY	C	0.07%
USFD	B	0.07%
ANET	B	0.07%
NTRS	B	0.07%
AZO	D	0.07%
X	D	0.07%
TRGP	B	0.07%
EVRG	A	0.07%
HAL	F	0.07%
CHK	D	0.07%
ORLY	B	0.07%
FE	C	0.07%
CHRD	F	0.07%
MHK	B	0.07%
DGX	B	0.06%
IQV	C	0.06%
UHS	B	0.06%
VFC	C	0.06%
CTRA	F	0.06%
HES	D	0.06%
GPC	D	0.06%
KLAC	D	0.06%
ABNB	D	0.06%
STWD	A	0.06%
LVS	D	0.06%
GRMN	D	0.06%
NOW	A	0.06%
AJG	C	0.06%
LUMN	C	0.06%
APH	D	0.06%
WBA	F	0.06%
ARE	B	0.06%
PAYX	C	0.06%
CF	B	0.06%
BXP	B	0.06%
ARW	C	0.06%
NI	B	0.06%
SPG	B	0.06%
CHRW	B	0.06%
IFF	B	0.06%
INTU	D	0.06%
CMS	A	0.06%
SWK	B	0.06%
ZION	D	0.06%
SWN	D	0.06%
AMCR	C	0.06%
AAL	D	0.06%
APTV	D	0.06%
DINO	D	0.06%
GPN	D	0.06%
AWK	A	0.06%
IVZ	C	0.06%
THC	B	0.06%
SHW	B	0.06%
RCL	B	0.06%
OMC	A	0.06%
GLPI	B	0.05%
UGI	C	0.05%
COLB	B	0.05%
IRM	B	0.05%
PARA	F	0.05%
EA	D	0.05%
FHN	D	0.05%
BALL	C	0.05%
MKC	B	0.05%
WDC	D	0.05%
ESS	B	0.05%
OGN	D	0.05%
LDOS	C	0.05%
RS	D	0.05%
ECL	B	0.05%
ALK	C	0.05%
INVH	C	0.05%
MOH	C	0.05%
JLL	B	0.05%
EMN	B	0.05%
ORI	A	0.05%
MGM	D	0.05%
SWKS	F	0.05%
ON	D	0.05%
WHR	D	0.05%
KMX	D	0.05%
ZBH	F	0.05%
RJF	C	0.05%
GWW	B	0.05%
NRG	C	0.05%
EXR	B	0.05%
ZTS	B	0.05%
SJM	C	0.05%
TOL	B	0.05%
JEF	B	0.05%
BLDR	C	0.05%
MCHP	D	0.05%
AES	C	0.05%
CPB	B	0.05%
ARMK	B	0.05%
VNO	B	0.05%
WRB	C	0.05%
DOC	C	0.05%
JXN	B	0.05%
PNW	B	0.05%
LEA	D	0.05%
BEN	F	0.05%
RNR	B	0.05%
ROP	C	0.05%
MNST	C	0.05%
WPC	B	0.05%
STZ	C	0.05%
COOP	B	0.05%
DG	F	0.05%
R	B	0.05%
PWR	B	0.04%
BRO	C	0.04%
HWM	B	0.04%
UTHR	C	0.04%
FAF	B	0.04%
CEG	C	0.04%
CCK	A	0.04%
LKQ	D	0.04%
TKO	B	0.04%
FAST	C	0.04%
OGS	B	0.04%
WCC	C	0.04%
A	C	0.04%
KIM	B	0.04%
M	F	0.04%
BKH	B	0.04%
DKS	D	0.04%
FTNT	C	0.04%
MPW	C	0.04%
TSCO	C	0.04%
CNX	A	0.04%
WU	D	0.04%
CPAY	B	0.04%
CDW	D	0.04%
KRC	B	0.04%
DLR	B	0.04%
J	D	0.04%
TMHC	B	0.04%
EXPE	C	0.04%
NTAP	D	0.04%
EW	F	0.04%
ROK	D	0.04%
EXPD	B	0.04%
AN	D	0.04%
AR	D	0.04%
OHI	A	0.04%
MUSA	C	0.04%
OZK	D	0.04%
TXT	D	0.04%
AIZ	B	0.04%
IPG	C	0.04%
BERY	B	0.04%
CPT	B	0.04%
WLK	D	0.04%
ALB	F	0.04%
VOYA	A	0.04%
HST	D	0.04%
REG	C	0.04%
WAB	A	0.04%
CE	D	0.04%
AL	D	0.04%
ABG	F	0.04%
GAP	F	0.04%
CTAS	C	0.04%
AVT	D	0.04%
FYBR	C	0.04%
DLTR	F	0.04%
MSI	C	0.04%
CMG	C	0.04%
PKG	B	0.04%
JHG	B	0.04%
LNT	A	0.04%
SNPS	D	0.04%
GPI	B	0.04%
EL	F	0.04%
MCO	A	0.04%
OC	C	0.04%
FOX	B	0.04%
STX	D	0.04%
EWBC	C	0.04%
CIVI	F	0.04%
JBL	D	0.04%
MAA	B	0.04%
MUR	D	0.04%
DRI	C	0.04%
IBKR	B	0.04%
APA	F	0.04%
LNC	D	0.04%
ANSS	F	0.03%
STE	C	0.03%
CR	C	0.03%
HWC	D	0.03%
ALGN	D	0.03%
CSL	C	0.03%
TGNA	C	0.03%
CALM	B	0.03%
HOLX	B	0.03%
FLR	D	0.03%
GHC	C	0.03%
CLH	B	0.03%
FNB	D	0.03%
ILMN	C	0.03%
SATS	B	0.03%
BIO	C	0.03%
PK	D	0.03%
HP	D	0.03%
CUZ	B	0.03%
PAG	D	0.03%
BKU	C	0.03%
PENN	D	0.03%
CUBE	B	0.03%
MTZ	B	0.03%
RMD	C	0.03%
NCLH	C	0.03%
MTG	B	0.03%
XYL	D	0.03%
MLI	B	0.03%
HUBB	B	0.03%
GDDY	C	0.03%
APLE	D	0.03%
CNK	B	0.03%
TDG	B	0.03%
CSGP	D	0.03%
KD	D	0.03%
CZR	C	0.03%
RL	B	0.03%
LAMR	A	0.03%
RRC	D	0.03%
HRB	C	0.03%
HOG	C	0.03%
HCC	F	0.03%
CATY	B	0.03%
BRX	B	0.03%
LULU	D	0.03%
MAS	B	0.03%
RDN	B	0.03%
NXST	D	0.03%
SON	C	0.03%
ODFL	C	0.03%
XPO	D	0.03%
PB	B	0.03%
NOG	D	0.03%
BURL	B	0.03%
THO	D	0.03%
VMC	D	0.03%
ASB	D	0.03%
GEHC	C	0.03%
CNXC	D	0.03%
SF	A	0.03%
ULTA	D	0.03%
AMKR	F	0.03%
JNPR	A	0.03%
DEI	B	0.03%
AMH	C	0.03%
NFG	B	0.03%
SKX	C	0.03%
MDU	B	0.03%
NNN	B	0.03%
HSIC	C	0.03%
MLM	D	0.03%
WTRG	D	0.03%
ABM	D	0.03%
NWSA	D	0.03%
AGCO	D	0.03%
HAS	B	0.03%
ACM	B	0.03%
NWL	D	0.03%
BXMT	C	0.03%
GPK	B	0.03%
GNW	B	0.03%
CHD	C	0.03%
POST	C	0.03%
MRNA	F	0.03%
OGE	B	0.03%
HII	C	0.03%
ONB	C	0.03%
IT	B	0.03%
CMC	D	0.03%
FMC	C	0.03%
JBHT	D	0.03%
MAN	C	0.03%
AKAM	D	0.03%
TDY	C	0.03%
AA	D	0.03%
SNA	B	0.03%
BJ	D	0.03%
PBF	F	0.03%
ADSK	B	0.03%
LYV	B	0.03%
CBOE	C	0.03%
CPRT	D	0.03%
TPR	C	0.03%
CNO	B	0.03%
WBS	C	0.03%
UDR	B	0.03%
CLX	C	0.03%
FTV	C	0.03%
WSO	C	0.03%
FSLR	C	0.03%
CASY	D	0.03%
CACI	B	0.03%
YUM	D	0.03%
KNX	C	0.03%
SANM	D	0.03%
AME	C	0.03%
SNV	C	0.03%
HIW	B	0.03%
KEYS	C	0.03%
GL	C	0.03%
DOV	B	0.03%
INGR	A	0.03%
DXC	C	0.03%
VLY	C	0.03%
OTIS	D	0.03%
FULT	C	0.02%
AXTA	C	0.02%
NWBI	C	0.02%
LBRT	D	0.02%
ANDE	D	0.02%
IIPR	B	0.02%
SLM	C	0.02%
LEG	D	0.02%
RGLD	B	0.02%
NJR	B	0.02%
GBX	C	0.02%
MIDD	C	0.02%
ASH	D	0.02%
MTCH	C	0.02%
AVA	B	0.02%
COLM	B	0.02%
ABCB	B	0.02%
VVV	D	0.02%
GEO	F	0.02%
CRUS	D	0.02%
PPC	D	0.02%
FRT	C	0.02%
GEF	D	0.02%
MOG.A	B	0.02%
MTN	D	0.02%
SIGI	C	0.02%
STAG	C	0.02%
ALLE	B	0.02%
KAR	D	0.02%
EXEL	B	0.02%
PDCO	F	0.02%
TTEK	C	0.02%
NVT	D	0.02%
BYD	C	0.02%
MMS	D	0.02%
RUSHA	C	0.02%
RRX	C	0.02%
VSCO	C	0.02%
AOS	C	0.02%
TKR	D	0.02%
MSM	D	0.02%
FR	C	0.02%
CPRI	D	0.02%
BHE	C	0.02%
GBCI	B	0.02%
BLD	D	0.02%
SKYW	C	0.02%
CRC	C	0.02%
RUN	C	0.02%
NATL	D	0.02%
ADNT	F	0.02%
ASO	C	0.02%
CROX	C	0.02%
CBT	B	0.02%
AGO	C	0.02%
WYNN	D	0.02%
GNL	B	0.02%
ST	D	0.02%
IDA	B	0.02%
KRG	B	0.02%
NDSN	C	0.02%
WWD	D	0.02%
BCC	C	0.02%
FLO	C	0.02%
AUB	C	0.02%
OI	D	0.02%
MLKN	D	0.02%
COTY	F	0.02%
VLTO	C	0.02%
VSTS	D	0.02%
SLG	B	0.02%
JBGS	B	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%
BANR	B	0.02%
NWE	A	0.02%
LII	B	0.02%
TTWO	D	0.02%
PRI	B	0.02%
MATX	C	0.02%
UMBF	B	0.02%
EVR	B	0.02%
WAT	C	0.02%
ELS	C	0.02%
POR	B	0.02%
BBWI	F	0.02%
ATI	C	0.02%
GME	F	0.02%
MHO	B	0.02%
BC	C	0.02%
HLT	B	0.02%
TFX	C	0.02%
RNST	D	0.02%
PVH	F	0.02%
JBLU	D	0.02%
FHB	C	0.02%
TER	D	0.02%
PNM	B	0.02%
CW	B	0.02%
VGR	C	0.02%
TRMB	C	0.02%
SR	B	0.02%
ALE	A	0.02%
SWX	C	0.02%
CRS	B	0.02%
AVNT	B	0.02%
WFRD	F	0.02%
RHI	D	0.02%
ENVA	C	0.02%
KSS	F	0.02%
AM	B	0.02%
HOMB	B	0.02%
TYL	C	0.02%
CG	C	0.02%
CBSH	C	0.02%
IBOC	C	0.02%
IBTX	B	0.02%
PRGO	D	0.02%
URBN	D	0.02%
PNR	B	0.02%
OLN	D	0.02%
TCBI	B	0.02%
EHC	B	0.02%
SNEX	C	0.02%
SBAC	C	0.02%
DECK	C	0.02%
THG	A	0.02%
RPM	B	0.02%
KEX	C	0.02%
SIG	C	0.02%
IR	C	0.02%
TDS	C	0.02%
ERIE	A	0.02%
SAIC	C	0.02%
FL	D	0.02%
ARCH	F	0.02%
PFS	B	0.02%
G	C	0.02%
H	C	0.02%
SLGN	B	0.02%
EFX	C	0.02%
FFBC	C	0.02%
MTD	D	0.02%
OSK	D	0.02%
CWEN	B	0.02%
JWN	B	0.02%
SEM	D	0.02%
GT	F	0.02%
FFIV	A	0.02%
WAFD	B	0.02%
BTU	D	0.02%
ZBRA	B	0.02%
DTM	B	0.02%
DAR	F	0.02%
AAP	F	0.02%
UFPI	C	0.02%
ESNT	B	0.02%
UBSI	B	0.02%
SBRA	B	0.02%
TPH	C	0.02%
INCY	C	0.02%
PII	D	0.02%
JAZZ	D	0.02%
WTFC	B	0.02%
COKE	C	0.02%
PR	D	0.02%
ADC	C	0.02%
AMG	C	0.02%
BR	D	0.02%
COHR	B	0.02%
NSIT	C	0.02%
PRG	B	0.02%
CADE	B	0.02%
QRVO	F	0.02%
CEIX	D	0.02%
HBI	B	0.02%
LNW	B	0.02%
VRSN	D	0.02%
CLF	F	0.02%
TRN	C	0.02%
ALV	F	0.02%
SFNC	B	0.02%
CWK	B	0.02%
SM	D	0.02%
AVY	D	0.02%
SFM	B	0.02%
SSB	B	0.02%
PNFP	B	0.02%
MTDR	D	0.02%
SCI	B	0.02%
IDXX	C	0.02%
MTH	B	0.02%
CDNS	D	0.02%
CFR	C	0.02%
ABR	B	0.02%
NOV	D	0.02%
BHF	D	0.02%
EME	B	0.02%
KBH	B	0.02%
WSM	C	0.02%
TWI	D	0.01%
FBNC	B	0.01%
GO	F	0.01%
ESAB	C	0.01%
MCRI	B	0.01%
CSR	B	0.01%
FIVE	D	0.01%
MYRG	F	0.01%
MSGS	B	0.01%
JBT	D	0.01%
BFS	C	0.01%
SCL	D	0.01%
GES	F	0.01%
UNIT	C	0.01%
NBHC	C	0.01%
CVLT	B	0.01%
HAE	D	0.01%
EZPW	D	0.01%
BRKR	D	0.01%
ALEX	B	0.01%
MSA	C	0.01%
XHR	C	0.01%
RES	D	0.01%
NGVT	F	0.01%
CHH	C	0.01%
CUBI	F	0.01%
SOLV	C	0.01%
GDOT	C	0.01%
CORT	B	0.01%
CAL	F	0.01%
KREF	B	0.01%
AZZ	C	0.01%
AMWD	C	0.01%
AAT	B	0.01%
CHCO	B	0.01%
CHE	C	0.01%
ESE	B	0.01%
SAFT	C	0.01%
AWR	B	0.01%
MYGN	B	0.01%
MMI	C	0.01%
HLX	D	0.01%
RDNT	B	0.01%
CHEF	C	0.01%
FIZZ	D	0.01%
HCSG	C	0.01%
AIN	D	0.01%
BGS	D	0.01%
UCTT	F	0.01%
TDC	F	0.01%
MRCY	C	0.01%
DNOW	D	0.01%
GFF	C	0.01%
DRH	C	0.01%
KNF	B	0.01%
FORM	F	0.01%
VIR	F	0.01%
ZD	D	0.01%
WRLD	D	0.01%
HWKN	B	0.01%
SMPL	D	0.01%
HQY	C	0.01%
NVRI	D	0.01%
FSS	D	0.01%
LGND	C	0.01%
PAYC	D	0.01%
INN	C	0.01%
MODG	F	0.01%
PLAB	F	0.01%
WST	D	0.01%
SYNA	F	0.01%
EFC	B	0.01%
RCM	C	0.01%
PCTY	C	0.01%
HPP	D	0.01%
AWI	B	0.01%
EPC	F	0.01%
STRA	D	0.01%
CVI	F	0.01%
KALU	F	0.01%
ENR	F	0.01%
CPK	B	0.01%
CWT	C	0.01%
RGEN	F	0.01%
CFFN	C	0.01%
TMP	C	0.01%
SXC	F	0.01%
MASI	D	0.01%
NBR	F	0.01%
SKT	B	0.01%
TPX	C	0.01%
YELP	F	0.01%
EXP	B	0.01%
SBCF	C	0.01%
NHC	D	0.01%
ASIX	C	0.01%
GTY	B	0.01%
CGNX	D	0.01%
GTLS	F	0.01%
EGBN	C	0.01%
BRBR	B	0.01%
MMSI	B	0.01%
EIG	B	0.01%
JJSF	C	0.01%
KN	D	0.01%
BKE	B	0.01%
CARG	B	0.01%
HXL	F	0.01%
HAIN	D	0.01%
KLIC	D	0.01%
CASH	B	0.01%
SHO	D	0.01%
OII	D	0.01%
SVC	F	0.01%
KWR	D	0.01%
AVNS	B	0.01%
FELE	C	0.01%
OLED	C	0.01%
MORN	C	0.01%
MNRO	D	0.01%
NOVT	D	0.01%
MEDP	D	0.01%
CPF	B	0.01%
B	D	0.01%
PJT	B	0.01%
MGEE	B	0.01%
MC	B	0.01%
TBBK	B	0.01%
HI	F	0.01%
SCHL	D	0.01%
OSIS	C	0.01%
TREX	F	0.01%
EXLS	C	0.01%
ONTO	F	0.01%
AMED	C	0.01%
ALKS	C	0.01%
VC	F	0.01%
LANC	D	0.01%
VNT	D	0.01%
PLUS	B	0.01%
IOSP	D	0.01%
DAY	D	0.01%
CVCO	B	0.01%
IPGP	F	0.01%
AXL	F	0.01%
PUMP	F	0.01%
MTSI	D	0.01%
FCPT	A	0.01%
OMCL	C	0.01%
AROC	C	0.01%
IBP	C	0.01%
CBRL	D	0.01%
WEN	C	0.01%
ARCB	D	0.01%
ROIC	B	0.01%
DORM	B	0.01%
BRKL	C	0.01%
FTDR	B	0.01%
AVAV	D	0.01%
BCPC	C	0.01%
AHCO	B	0.01%
KELYA	D	0.01%
STC	B	0.01%
WD	B	0.01%
DCOM	B	0.01%
DOCS	B	0.01%
HMN	C	0.01%
UE	B	0.01%
BWXT	D	0.01%
BLMN	F	0.01%
HALO	B	0.01%
CWEN	B	0.01%
FBK	B	0.01%
DLX	D	0.01%
LTC	B	0.01%
ENOV	F	0.01%
SPTN	C	0.01%
SCVL	B	0.01%
SFBS	B	0.01%
VSAT	F	0.01%
LXP	B	0.01%
WGO	D	0.01%
PHIN	B	0.01%
LGIH	C	0.01%
SSD	C	0.01%
UNFI	C	0.01%
FCF	C	0.01%
BOOT	B	0.01%
MTX	D	0.01%
HASI	B	0.01%
FND	C	0.01%
SXT	C	0.01%
ORA	C	0.01%
OFG	C	0.01%
KMT	B	0.01%
CHX	D	0.01%
CRK	D	0.01%
MATV	B	0.01%
UNF	B	0.01%
CAKE	C	0.01%
APAM	C	0.01%
NBIX	F	0.01%
DT	C	0.01%
SHOO	B	0.01%
VSTO	B	0.01%
PIPR	B	0.01%
NWS	D	0.01%
DXCM	F	0.01%
HGV	D	0.01%
NPO	C	0.01%
MD	C	0.01%
AKR	C	0.01%
AMN	F	0.01%
NSP	D	0.01%
ITGR	B	0.01%
ETSY	F	0.01%
DIOD	F	0.01%
ICUI	B	0.01%
SAH	D	0.01%
OTTR	D	0.01%
ANF	D	0.01%
PODD	B	0.01%
MKSI	F	0.01%
RXO	D	0.01%
PINC	C	0.01%
CRI	C	0.01%
WTS	C	0.01%
ODP	F	0.01%
IDCC	B	0.01%
DLB	D	0.01%
WMS	D	0.01%
TTMI	D	0.01%
FWRD	C	0.01%
GVA	B	0.01%
SAIA	D	0.01%
CENTA	D	0.01%
RWT	B	0.01%
EXPI	C	0.01%
LNTH	C	0.01%
WS	C	0.01%
IRT	B	0.01%
SBSI	B	0.01%
PARR	F	0.01%
CNM	F	0.01%
BOH	C	0.01%
LOPE	D	0.01%
BDN	B	0.01%
BHLB	C	0.01%
PRK	C	0.01%
RLI	B	0.01%
CNXN	B	0.01%
DPZ	F	0.01%
NBTB	D	0.01%
PECO	B	0.01%
ITRI	C	0.01%
WH	B	0.01%
BRC	B	0.01%
SCSC	D	0.01%
WWW	B	0.01%
LRN	B	0.01%
PCH	C	0.01%
STBA	B	0.01%
ROL	C	0.01%
NYT	C	0.01%
WSFS	C	0.01%
PBH	B	0.01%
XRX	F	0.01%
MAT	C	0.01%
ENSG	C	0.01%
NEU	D	0.01%
TEX	D	0.01%
POOL	C	0.01%
FFIN	B	0.01%
LZB	C	0.01%
SHC	B	0.01%
LPG	F	0.01%
BDC	B	0.01%
PATK	B	0.01%
KLG	C	0.01%
RBC	C	0.01%
BGC	B	0.01%
SABR	D	0.01%
FHI	A	0.01%
OUT	B	0.01%
MKTX	C	0.01%
GMS	C	0.01%
FDP	B	0.01%
RH	B	0.01%
VAL	F	0.01%
EGP	B	0.01%
PSTG	F	0.01%
PBI	C	0.01%
FN	D	0.01%
RYN	C	0.01%
CTRE	B	0.01%
LECO	F	0.01%
OPCH	C	0.01%
DAN	F	0.01%
CCS	B	0.01%
SMG	C	0.01%
OMI	D	0.01%
FUL	D	0.01%
LITE	B	0.01%
NSA	B	0.01%
OLLI	C	0.01%
LW	D	0.01%
XRAY	D	0.01%
LCII	C	0.01%
TTC	D	0.01%
TRMK	C	0.01%
ECPG	C	0.01%
THS	C	0.01%
ACIW	B	0.01%
CBU	C	0.01%
SBH	B	0.01%
GGG	C	0.01%
AXON	B	0.01%
AEO	D	0.01%
CCOI	C	0.01%
KW	C	0.01%
PSMT	B	0.01%
WERN	D	0.01%
RC	D	0.01%
EPR	B	0.01%
UA	C	0.01%
EAT	B	0.01%
VAC	F	0.01%
AYI	B	0.01%
AIT	C	0.01%
LSTR	D	0.01%
FCN	C	0.01%
GIII	C	0.01%
FIX	B	0.01%
DEA	B	0.01%
ACA	C	0.01%
AMR	F	0.01%
VRSK	D	0.01%
HLI	B	0.01%
ATGE	D	0.01%
HNI	B	0.01%
UAA	C	0.01%
IEX	D	0.01%
FDS	C	0.01%
AX	D	0.01%
NVST	D	0.01%
UCBI	B	0.01%
GNTX	F	0.01%
SRCL	A	0.01%
LFUS	D	0.01%
GRBK	B	0.01%
PTEN	F	0.01%
EPRT	A	0.01%
VMI	D	0.01%
VBTX	B	0.01%
PMT	B	0.01%
NWN	B	0.01%
FBP	C	0.01%
ARI	F	0.01%
INDB	C	0.01%
DCI	D	0.01%
ENPH	C	0.01%
KTB	B	0.01%
VSH	D	0.01%
ASGN	D	0.01%
CRL	D	0.01%
BANF	B	0.01%
PPBI	D	0.01%
WEX	C	0.01%
PLXS	B	0.01%
ATR	B	0.01%
MSCI	C	0.01%
INVA	B	0.01%
NAVI	C	0.01%
BCO	B	0.01%
SMCI	F	0.01%
GMED	D	0.01%
EPAM	D	0.01%
CC	F	0.01%
DBX	D	0.01%
CVBF	C	0.01%
UVV	D	0.01%
MCY	C	0.01%
CHDN	C	0.01%
FLS	D	0.01%
MAC	B	0.01%
MPWR	C	0.01%
WOR	F	0.01%
TNL	D	0.01%
SEE	D	0.01%
ENS	C	0.01%
JKHY	B	0.01%
CABO	F	0.01%
SLVM	B	0.01%
TXRH	D	0.01%
ACHC	C	0.01%
ITT	C	0.01%
KMPR	D	0.01%
KBR	D	0.01%
EEFT	D	0.01%
TALO	F	0.01%
FICO	A	0.01%
CTLT	B	0.01%
MGY	C	0.01%
HOPE	B	0.01%
REZI	D	0.01%
LPX	B	0.01%
NMIH	B	0.01%
HUBG	C	0.01%
CAR	F	0.01%
HTH	C	0.01%
SEIC	B	0.01%
PEB	D	0.01%
DY	B	0.01%
KFY	B	0.01%
CXW	F	0.01%
SPNT	C	0.01%
GATX	D	0.01%
VICR	F	0.0%
NPK	C	0.0%
DDD	F	0.0%
XPEL	D	0.0%
CHUY	B	0.0%
NARI	F	0.0%
WOLF	F	0.0%
AGYS	D	0.0%
LESL	F	0.0%
VCEL	D	0.0%
VREX	F	0.0%
PCRX	F	0.0%
GOGO	F	0.0%
MSEX	C	0.0%
RILY	F	0.0%
CLB	D	0.0%
EMBC	C	0.0%
TTGT	F	0.0%
SNCY	D	0.0%
CMP	D	0.0%
STAA	F	0.0%
CHCT	F	0.0%
TGI	D	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	B	0.0%
PGNY	F	0.0%
RGNX	D	0.0%
NABL	D	0.0%
CEVA	C	0.0%
BJRI	D	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	D	0.0%
MYE	D	0.0%
NXRT	B	0.0%
NUS	F	0.0%
MXL	F	0.0%
ASTE	F	0.0%
DV	F	0.0%
EPAC	B	0.0%
CTS	D	0.0%
CARS	D	0.0%
PRLB	D	0.0%
VVI	C	0.0%
WSR	D	0.0%
TRUP	C	0.0%
IIIN	D	0.0%
SXI	C	0.0%
AHH	B	0.0%
CYTK	F	0.0%
CPRX	B	0.0%
GPRE	F	0.0%
SLAB	D	0.0%
JACK	F	0.0%
SEDG	F	0.0%
IRWD	F	0.0%
CCRN	F	0.0%
SHEN	F	0.0%
HSII	C	0.0%
CENT	D	0.0%
PRVA	D	0.0%
USNA	F	0.0%
XNCR	C	0.0%
SONO	F	0.0%
PZZA	D	0.0%
RGR	F	0.0%
COLL	B	0.0%
LNN	C	0.0%
VECO	F	0.0%
TNC	D	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%
KOP	F	0.0%
KNSL	C	0.0%
WDFC	B	0.0%
MCW	F	0.0%
ALRM	F	0.0%
BSIG	B	0.0%
QLYS	F	0.0%
HTLD	D	0.0%
VIAV	D	0.0%
CSGS	C	0.0%
DBI	F	0.0%
LIVN	D	0.0%
AMCX	F	0.0%
AMSF	C	0.0%
LSCC	D	0.0%
GDEN	D	0.0%
WABC	D	0.0%
WNC	F	0.0%
DXPE	C	0.0%
SJW	C	0.0%
MOV	F	0.0%
MATW	F	0.0%
AMPH	C	0.0%
ZEUS	F	0.0%
USPH	D	0.0%
EYE	F	0.0%
REX	D	0.0%
RMBS	F	0.0%
CVGW	C	0.0%
BLKB	B	0.0%
POWL	C	0.0%
UFPT	C	0.0%
MERC	F	0.0%
NX	D	0.0%
CENX	D	0.0%
CNMD	D	0.0%
TILE	B	0.0%
RAMP	F	0.0%
NVEE	F	0.0%
SMP	C	0.0%
HAYW	C	0.0%
MGPI	C	0.0%
OXM	D	0.0%
IART	F	0.0%
DFIN	B	0.0%
PLMR	B	0.0%
PRGS	C	0.0%
HTZ	D	0.0%
DVAX	D	0.0%
CALX	D	0.0%
NTCT	D	0.0%
PRFT	A	0.0%
HAYN	D	0.0%
MANH	B	0.0%
CACC	D	0.0%
PLAY	F	0.0%
EXPO	B	0.0%
PRA	C	0.0%
PLNT	A	0.0%
RCUS	D	0.0%
LKFN	C	0.0%
DIN	F	0.0%
SAM	F	0.0%
JOE	C	0.0%
TRIP	F	0.0%
MRTN	D	0.0%
CLW	F	0.0%
AMBC	F	0.0%
EVTC	D	0.0%
FTRE	F	0.0%
CRVL	B	0.0%
SMTC	C	0.0%
FLGT	D	0.0%
ALGT	F	0.0%
CNSL	A	0.0%
UHT	B	0.0%
HLIT	C	0.0%
ENV	C	0.0%
AZTA	D	0.0%
BOX	B	0.0%
VTOL	D	0.0%
ROG	D	0.0%
ETH	D	0.0%
AIR	C	0.0%
ASTH	B	0.0%
SUPN	C	0.0%
MTRN	D	0.0%
PRAA	D	0.0%
HFWA	C	0.0%
PAHC	B	0.0%
HELE	D	0.0%
ZI	D	0.0%
MP	D	0.0%
IPAR	D	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	F	0.0%
PFBC	C	0.0%
UFCS	D	0.0%
NEOG	C	0.0%
TRST	C	0.0%
VRTS	D	0.0%
VRRM	D	0.0%
PRDO	D	0.0%
TECH	C	0.0%
TR	C	0.0%
UTL	B	0.0%
ROCK	D	0.0%
ADUS	B	0.0%
AEIS	D	0.0%
SHAK	C	0.0%
APOG	B	0.0%

VLU Underweight 1 Positions Relative to BWZ

	Symbol	Grade	Weight
	NOK	C	-0.0%