VLU vs. DLN ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to WisdomTree LargeCap Dividend Fund (DLN)

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

DLN

WisdomTree LargeCap Dividend Fund

DLN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of the large-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$80.04

Average Daily Volume

100,918

Number of Holdings ^*

303

* may have additional holdings in another (foreign) market

Performance

Period	VLU	DLN
30 Days	1.31%	-0.30%
60 Days	4.04%	2.92%
90 Days	6.78%	5.34%
12 Months	28.87%	29.16%

287 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in DLN	Overlap
A	F	0.03%	0.04%	0.03%
AAPL	C	2.4%	3.54%	2.4%
ABBV	F	0.37%	2.23%	0.37%
ABT	A	0.25%	0.49%	0.25%
ADI	D	0.12%	0.24%	0.12%
ADM	D	0.22%	0.09%	0.09%
ADP	B	0.09%	0.39%	0.09%
AEE	A	0.09%	0.15%	0.09%
AEP	C	0.16%	0.29%	0.16%
AFL	C	0.21%	0.3%	0.21%
AIG	C	0.24%	0.15%	0.15%
AJG	B	0.06%	0.07%	0.06%
ALL	A	0.16%	0.17%	0.16%
AMAT	F	0.1%	0.14%	0.1%
AME	A	0.04%	0.05%	0.04%
AMGN	D	0.23%	0.6%	0.23%
AMP	A	0.12%	0.17%	0.12%
AMT	D	0.13%	0.34%	0.13%
APD	A	0.15%	0.22%	0.15%
APH	B	0.06%	0.15%	0.06%
ARE	F	0.05%	0.1%	0.05%
ATO	A	0.07%	0.11%	0.07%
AVB	B	0.07%	0.21%	0.07%
AVGO	C	0.42%	2.65%	0.42%
AVY	D	0.02%	0.03%	0.02%
AWK	C	0.05%	0.07%	0.05%
AXP	B	0.35%	0.37%	0.35%
BAC	A	1.57%	1.45%	1.45%
BALL	D	0.04%	0.03%	0.03%
BBY	D	0.16%	0.12%	0.12%
BDX	F	0.08%	0.13%	0.08%
BK	B	0.29%	0.27%	0.27%
BKNG	A	0.12%	0.34%	0.12%
BKR	B	0.12%	0.13%	0.12%
BLK	B	0.22%	0.51%	0.22%
BMY	A	0.35%	0.64%	0.35%
BR	B	0.02%	0.08%	0.02%
BRO	B	0.04%	0.04%	0.04%
BX	A	0.14%	0.46%	0.14%
C	B	1.13%	0.74%	0.74%
CAH	B	0.25%	0.07%	0.07%
CARR	D	0.08%	0.1%	0.08%
CAT	C	0.24%	0.51%	0.24%
CBOE	C	0.03%	0.05%	0.03%
CCI	C	0.1%	0.3%	0.1%
CDW	F	0.03%	0.04%	0.03%
CEG	C	0.04%	0.08%	0.04%
CHD	A	0.03%	0.03%	0.03%
CI	D	0.34%	0.23%	0.23%
CINF	A	0.07%	0.08%	0.07%
CL	D	0.09%	0.35%	0.09%
CLX	A	0.03%	0.09%	0.03%
CMCSA	B	0.62%	0.99%	0.62%
CME	A	0.1%	0.22%	0.1%
CMI	A	0.14%	0.19%	0.14%
CMS	C	0.06%	0.08%	0.06%
CNP	A	0.08%	0.06%	0.06%
COF	B	0.61%	0.18%	0.18%
COP	B	0.41%	0.36%	0.36%
COR	B	0.36%	0.08%	0.08%
COST	A	0.28%	0.47%	0.28%
CRM	B	0.27%	0.28%	0.27%
CSCO	B	0.51%	1.46%	0.51%
CSX	C	0.1%	0.12%	0.1%
CTAS	B	0.04%	0.16%	0.04%
CTSH	C	0.11%	0.08%	0.08%
CVS	F	0.58%	0.29%	0.29%
CVX	A	1.36%	1.79%	1.36%
D	C	0.24%	0.37%	0.24%
DAL	A	0.35%	0.05%	0.05%
DD	D	0.17%	0.09%	0.09%
DE	C	0.22%	0.22%	0.22%
DFS	B	0.16%	0.15%	0.15%
DGX	A	0.05%	0.05%	0.05%
DHI	D	0.1%	0.06%	0.06%
DHR	D	0.11%	0.15%	0.11%
DIS	B	0.32%	0.22%	0.22%
DLR	A	0.04%	0.23%	0.04%
DOV	B	0.04%	0.05%	0.04%
DOW	F	0.15%	0.22%	0.15%
DRI	C	0.04%	0.13%	0.04%
DTE	C	0.09%	0.11%	0.09%
DUK	C	0.33%	0.47%	0.33%
EA	A	0.05%	0.05%	0.05%
EBAY	D	0.08%	0.09%	0.08%
ECL	D	0.04%	0.14%	0.04%
ED	C	0.12%	0.22%	0.12%
EFX	F	0.02%	0.03%	0.02%
EIX	C	0.1%	0.18%	0.1%
ELV	F	0.29%	0.14%	0.14%
EMR	A	0.16%	0.22%	0.16%
EOG	A	0.24%	0.49%	0.24%
EQIX	A	0.07%	0.22%	0.07%
EQR	C	0.08%	0.15%	0.08%
ERIE	F	0.02%	0.03%	0.02%
ES	C	0.08%	0.12%	0.08%
ETR	A	0.16%	0.27%	0.16%
EXC	C	0.19%	0.18%	0.18%
EXPD	D	0.04%	0.03%	0.03%
EXR	C	0.04%	0.2%	0.04%
FANG	D	0.1%	0.09%	0.09%
FAST	B	0.04%	0.2%	0.04%
FDS	B	0.01%	0.02%	0.01%
FDX	B	0.25%	0.18%	0.18%
FE	C	0.07%	0.13%	0.07%
FIS	C	0.11%	0.23%	0.11%
FITB	B	0.12%	0.18%	0.12%
FTV	D	0.03%	0.03%	0.03%
GD	D	0.21%	0.21%	0.21%
GE	D	0.27%	0.17%	0.17%
GEHC	D	0.03%	0.03%	0.03%
GILD	C	0.35%	0.52%	0.35%
GIS	F	0.1%	0.17%	0.1%
GLW	B	0.1%	0.19%	0.1%
GM	B	0.55%	0.11%	0.11%
GOOG	B	1.15%	0.64%	0.64%
GOOGL	B	0.72%	0.99%	0.72%
GPC	F	0.05%	0.06%	0.05%
GPN	C	0.06%	0.03%	0.03%
GS	B	0.59%	0.8%	0.59%
GWW	B	0.06%	0.1%	0.06%
HAL	C	0.07%	0.06%	0.06%
HBAN	B	0.13%	0.17%	0.13%
HCA	F	0.18%	0.11%	0.11%
HD	A	0.52%	2.08%	0.52%
HES	B	0.06%	0.07%	0.06%
HIG	B	0.13%	0.16%	0.13%
HLT	A	0.02%	0.06%	0.02%
HON	B	0.23%	0.6%	0.23%
HPE	B	0.23%	0.08%	0.08%
HPQ	B	0.31%	0.16%	0.16%
HRL	D	0.07%	0.08%	0.07%
HSY	F	0.05%	0.08%	0.05%
HUBB	B	0.03%	0.04%	0.03%
HUM	D	0.17%	0.03%	0.03%
HWM	A	0.04%	0.04%	0.04%
IBM	C	0.41%	1.37%	0.41%
ICE	C	0.11%	0.24%	0.11%
INTU	B	0.06%	0.19%	0.06%
INVH	D	0.04%	0.08%	0.04%
IR	B	0.02%	0.04%	0.02%
IRM	C	0.04%	0.15%	0.04%
ITW	B	0.09%	0.36%	0.09%
J	D	0.04%	0.02%	0.02%
JBHT	C	0.03%	0.02%	0.02%
JNJ	D	0.78%	2.16%	0.78%
JPM	A	1.53%	3.69%	1.53%
K	B	0.08%	0.15%	0.08%
KDP	D	0.11%	0.15%	0.11%
KHC	F	0.24%	0.23%	0.23%
KLAC	F	0.04%	0.1%	0.04%
KMB	C	0.1%	0.31%	0.1%
KO	D	0.36%	1.6%	0.36%
KR	B	0.33%	0.19%	0.19%
KVUE	A	0.23%	0.22%	0.22%
L	A	0.13%	0.02%	0.02%
LEN	D	0.13%	0.06%	0.06%
LEN	D	0.13%	0.01%	0.01%
LH	B	0.06%	0.03%	0.03%
LHX	B	0.1%	0.13%	0.1%
LLY	F	0.19%	0.67%	0.19%
LMT	D	0.32%	0.49%	0.32%
LOW	C	0.23%	0.66%	0.23%
LRCX	F	0.07%	0.12%	0.07%
LVS	B	0.07%	0.09%	0.07%
MA	B	0.13%	0.53%	0.13%
MAR	B	0.09%	0.16%	0.09%
MCD	D	0.15%	0.95%	0.15%
MCHP	F	0.04%	0.08%	0.04%
MCK	A	0.39%	0.07%	0.07%
MCO	D	0.04%	0.12%	0.04%
MDLZ	F	0.18%	0.42%	0.18%
MET	A	0.42%	0.26%	0.26%
META	C	1.68%	0.99%	0.99%
MKC	D	0.04%	0.06%	0.04%
MLM	B	0.03%	0.04%	0.03%
MMC	D	0.12%	0.29%	0.12%
MO	A	0.36%	0.8%	0.36%
MPC	D	0.45%	0.25%	0.25%
MPWR	F	0.01%	0.03%	0.01%
MRK	F	0.3%	0.89%	0.3%
MRO	A	0.08%	0.04%	0.04%
MS	A	0.63%	1.21%	0.63%
MSCI	B	0.01%	0.06%	0.01%
MSFT	D	1.41%	3.17%	1.41%
MSI	B	0.04%	0.18%	0.04%
MTB	A	0.18%	0.18%	0.18%
MU	D	0.13%	0.09%	0.09%
NDAQ	A	0.07%	0.07%	0.07%
NKE	F	0.12%	0.17%	0.12%
NOC	D	0.15%	0.15%	0.15%
NSC	B	0.12%	0.18%	0.12%
NTAP	C	0.04%	0.08%	0.04%
NTRS	A	0.08%	0.1%	0.08%
NUE	D	0.11%	0.06%	0.06%
NVDA	A	0.36%	2.61%	0.36%
O	C	0.11%	0.28%	0.11%
ODFL	B	0.03%	0.04%	0.03%
OKE	A	0.14%	0.44%	0.14%
OMC	C	0.06%	0.08%	0.06%
ORCL	A	0.45%	0.83%	0.45%
OTIS	C	0.03%	0.11%	0.03%
OXY	F	0.17%	0.07%	0.07%
PAYX	B	0.06%	0.28%	0.06%
PCAR	C	0.12%	0.33%	0.12%
PCG	A	0.13%	0.04%	0.04%
PEG	C	0.14%	0.31%	0.14%
PEP	F	0.33%	1.28%	0.33%
PFG	C	0.16%	0.1%	0.1%
PG	C	0.48%	1.91%	0.48%
PGR	B	0.18%	0.13%	0.13%
PH	B	0.1%	0.23%	0.1%
PHM	D	0.06%	0.04%	0.04%
PLD	D	0.13%	0.4%	0.13%
PM	A	0.56%	1.39%	0.56%
PNC	B	0.41%	0.47%	0.41%
PPG	F	0.06%	0.1%	0.06%
PPL	A	0.09%	0.12%	0.09%
PRU	B	0.39%	0.3%	0.3%
PSA	C	0.07%	0.33%	0.07%
PSX	C	0.47%	0.23%	0.23%
PWR	A	0.04%	0.04%	0.04%
QCOM	F	0.22%	0.48%	0.22%
RF	A	0.12%	0.17%	0.12%
RJF	A	0.06%	0.06%	0.06%
RMD	C	0.02%	0.04%	0.02%
ROK	B	0.04%	0.07%	0.04%
ROL	B	0.01%	0.04%	0.01%
ROP	C	0.05%	0.05%	0.05%
ROST	D	0.06%	0.06%	0.06%
RS	B	0.05%	0.05%	0.05%
RSG	A	0.09%	0.11%	0.09%
RTX	D	0.44%	0.62%	0.44%
SBAC	D	0.02%	0.04%	0.02%
SBUX	A	0.14%	0.36%	0.14%
SCHW	A	0.26%	0.27%	0.26%
SHW	C	0.06%	0.15%	0.06%
SO	C	0.3%	0.47%	0.3%
SPG	A	0.06%	0.46%	0.06%
SPGI	D	0.12%	0.17%	0.12%
SRE	A	0.18%	0.25%	0.18%
STLD	B	0.08%	0.04%	0.04%
STT	B	0.14%	0.15%	0.14%
STZ	D	0.05%	0.12%	0.05%
SWKS	F	0.04%	0.04%	0.04%
SYK	A	0.09%	0.28%	0.09%
SYY	D	0.12%	0.2%	0.12%
TGT	B	0.22%	0.28%	0.22%
TJX	A	0.16%	0.39%	0.16%
TMO	F	0.14%	0.17%	0.14%
TMUS	B	0.43%	0.86%	0.43%
TRGP	A	0.09%	0.11%	0.09%
TROW	B	0.07%	0.16%	0.07%
TRV	A	0.18%	0.17%	0.17%
TSCO	D	0.03%	0.08%	0.03%
TSN	B	0.16%	0.09%	0.09%
TXN	C	0.24%	0.74%	0.24%
TXT	D	0.04%	0.02%	0.02%
UNH	C	1.15%	1.42%	1.15%
UNP	D	0.22%	0.42%	0.22%
UPS	C	0.37%	0.51%	0.37%
URI	B	0.07%	0.09%	0.07%
USB	B	0.39%	0.48%	0.39%
V	A	0.45%	0.78%	0.45%
VICI	C	0.09%	0.28%	0.09%
VLO	C	0.38%	0.2%	0.2%
VLTO	C	0.02%	0.02%	0.02%
VMC	B	0.03%	0.06%	0.03%
VRSK	B	0.01%	0.05%	0.01%
VTR	B	0.08%	0.12%	0.08%
WAB	B	0.04%	0.03%	0.03%
WEC	A	0.1%	0.14%	0.1%
WELL	A	0.12%	0.25%	0.12%
WFC	A	1.25%	1.07%	1.07%
WLK	F	0.03%	0.03%	0.03%
WM	B	0.1%	0.28%	0.1%
WMB	A	0.19%	0.43%	0.19%
WMT	A	1.82%	1.84%	1.82%
WRB	B	0.05%	0.08%	0.05%
WST	D	0.01%	0.02%	0.01%
WY	D	0.06%	0.07%	0.06%
XEL	A	0.15%	0.26%	0.15%
XOM	B	1.99%	2.84%	1.99%
XYL	D	0.02%	0.04%	0.02%
YUM	D	0.03%	0.13%	0.03%
ZBH	C	0.05%	0.02%	0.02%
ZTS	D	0.04%	0.13%	0.04%

VLU Overweight 1133 Positions Relative to DLN

Symbol	Grade	Weight
BRK.A	B	2.43%
AMZN	B	2.04%
VZ	C	1.5%
T	A	1.4%
PFE	F	0.7%
TSLA	A	0.62%
TFC	A	0.54%
KMI	A	0.45%
F	C	0.37%
CB	C	0.34%
NEE	C	0.34%
INTC	C	0.33%
CHTR	B	0.33%
MDT	D	0.32%
ACN	C	0.31%
MMM	D	0.27%
UAL	A	0.26%
CNC	F	0.26%
SW	A	0.22%
SYF	B	0.22%
CCL	A	0.21%
LIN	D	0.19%
NFLX	A	0.19%
CFG	B	0.18%
LYB	F	0.18%
PYPL	B	0.18%
LUV	B	0.17%
ADBE	D	0.17%
IP	A	0.17%
WBD	B	0.17%
FI	A	0.16%
BA	D	0.16%
JCI	B	0.16%
KEY	B	0.15%
EQT	A	0.13%
RGA	B	0.13%
VTRS	A	0.13%
NEM	D	0.13%
SLB	C	0.13%
ACGL	D	0.12%
AMD	F	0.12%
DVN	F	0.12%
ETN	B	0.12%
UNM	A	0.11%
VST	A	0.11%
BSX	A	0.11%
PFGC	B	0.11%
BG	D	0.11%
REGN	F	0.1%
OVV	C	0.1%
ISRG	A	0.1%
VRTX	D	0.1%
AFG	A	0.09%
LAD	B	0.09%
FOXA	B	0.09%
TAP	B	0.09%
SNX	D	0.08%
ORLY	B	0.08%
FNF	A	0.08%
CMA	B	0.08%
FCX	F	0.08%
LUMN	C	0.08%
USFD	A	0.08%
EG	D	0.08%
TT	A	0.08%
AAL	B	0.08%
CTVA	C	0.08%
ALLY	C	0.08%
CBRE	B	0.08%
RCL	A	0.08%
UBER	F	0.08%
JXN	C	0.07%
GRMN	B	0.07%
CHRD	F	0.07%
WTW	B	0.07%
BWA	D	0.07%
NXPI	F	0.07%
IVZ	C	0.07%
X	C	0.07%
PANW	B	0.07%
ANET	C	0.07%
AON	B	0.07%
EVRG	A	0.07%
BIIB	F	0.07%
EQH	B	0.07%
MOS	D	0.07%
ZION	B	0.07%
PARA	D	0.06%
BEN	C	0.06%
BXP	D	0.06%
FHN	A	0.06%
VFC	C	0.06%
NVR	D	0.06%
ALK	A	0.06%
VNO	C	0.06%
THC	C	0.06%
IBKR	A	0.06%
DINO	D	0.06%
CTRA	B	0.06%
R	B	0.06%
NI	A	0.06%
ABNB	D	0.06%
JEF	A	0.06%
CF	A	0.06%
CAG	F	0.06%
CHRW	B	0.06%
MHK	D	0.06%
AZO	C	0.06%
DVA	C	0.06%
NOW	B	0.06%
ALB	B	0.05%
LYV	A	0.05%
WPC	C	0.05%
UHS	D	0.05%
JBL	C	0.05%
KMX	C	0.05%
PKG	B	0.05%
APTV	F	0.05%
JLL	D	0.05%
LDOS	C	0.05%
DOC	D	0.05%
LEA	F	0.05%
DG	F	0.05%
GPI	B	0.05%
BLDR	D	0.05%
IFF	D	0.05%
FOX	A	0.05%
ARMK	C	0.05%
OC	A	0.05%
EXPE	B	0.05%
SWK	F	0.05%
TOL	B	0.05%
CNX	A	0.05%
JHG	B	0.05%
BAX	F	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%
COOP	B	0.05%
ARW	F	0.05%
STWD	C	0.05%
NRG	B	0.05%
EWBC	A	0.05%
COLB	B	0.05%
AMCR	D	0.05%
XPO	B	0.04%
OGS	A	0.04%
NOG	B	0.04%
CPT	C	0.04%
KIM	A	0.04%
UTHR	C	0.04%
M	D	0.04%
EW	C	0.04%
SF	B	0.04%
AN	D	0.04%
CNO	B	0.04%
BKH	A	0.04%
OHI	B	0.04%
SANM	B	0.04%
DLTR	F	0.04%
MOH	F	0.04%
MUSA	B	0.04%
GL	C	0.04%
TMHC	B	0.04%
AES	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%
TKO	A	0.04%
WSO	A	0.04%
GAP	D	0.04%
VLY	B	0.04%
APA	F	0.04%
MAA	A	0.04%
MUR	F	0.04%
SNV	B	0.04%
CIVI	D	0.04%
AA	A	0.04%
GLPI	C	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%
CMG	C	0.04%
IQV	F	0.04%
AR	B	0.04%
SJM	D	0.04%
ESS	A	0.04%
AIZ	A	0.04%
WDC	F	0.04%
AL	B	0.04%
MGM	D	0.04%
UGI	C	0.04%
OZK	B	0.04%
STX	D	0.04%
SNPS	C	0.04%
WCC	B	0.04%
FTNT	B	0.04%
EMN	D	0.04%
ORI	A	0.04%
ABG	B	0.04%
CLH	C	0.03%
TGNA	B	0.03%
SSB	B	0.03%
MTG	D	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%
CSL	C	0.03%
PK	D	0.03%
TRN	A	0.03%
BURL	A	0.03%
MTDR	C	0.03%
RDN	D	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%
TDS	B	0.03%
PENN	C	0.03%
AKAM	F	0.03%
POST	C	0.03%
PAG	B	0.03%
HBI	B	0.03%
COKE	C	0.03%
WAFD	B	0.03%
WTFC	B	0.03%
GPK	D	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%
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%
BKU	A	0.03%
THO	C	0.03%
AGCO	F	0.03%
CNK	A	0.03%
UDR	C	0.03%
FNB	B	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%
IT	C	0.03%
BTU	C	0.03%
DEI	B	0.03%
RRC	B	0.03%
OGE	A	0.03%
NWSA	B	0.03%
PB	A	0.03%
RL	C	0.03%
ACM	B	0.03%
MTZ	A	0.03%
GEO	A	0.03%
COHR	B	0.03%
GDDY	A	0.03%
CACI	C	0.03%
EL	F	0.03%
HIW	D	0.03%
HCC	B	0.03%
SFM	A	0.03%
NWL	B	0.03%
CALM	A	0.03%
KD	A	0.03%
LULU	C	0.03%
LKQ	F	0.03%
CATY	B	0.03%
DKS	D	0.03%
BJ	B	0.03%
KEYS	C	0.03%
GME	C	0.03%
WU	F	0.03%
MLI	B	0.03%
DXC	D	0.03%
TDY	B	0.03%
OGN	F	0.03%
ONB	B	0.03%
IPG	F	0.03%
CASY	A	0.03%
FAF	C	0.03%
CCK	D	0.03%
KNX	B	0.03%
ASB	B	0.03%
CMC	B	0.03%
INGR	B	0.03%
ADSK	B	0.03%
CPRT	B	0.03%
NCLH	B	0.03%
AYI	B	0.02%
INDB	B	0.02%
GMED	A	0.02%
ITT	A	0.02%
EPAM	C	0.02%
VVV	D	0.02%
HUBG	A	0.02%
KTB	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%
NSIT	F	0.02%
AIT	B	0.02%
ATI	C	0.02%
PLXS	B	0.02%
AX	B	0.02%
LPX	B	0.02%
CABO	C	0.02%
ELS	B	0.02%
NWBI	B	0.02%
VYX	C	0.02%
KMPR	A	0.02%
UAA	C	0.02%
MHO	D	0.02%
LITE	B	0.02%
FICO	B	0.02%
MSM	D	0.02%
TXRH	B	0.02%
MOG.A	B	0.02%
KRG	A	0.02%
MCY	B	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%
SLM	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%
WWD	B	0.02%
BCC	C	0.02%
OI	D	0.02%
FULT	B	0.02%
MTD	F	0.02%
PRG	C	0.02%
BHE	B	0.02%
PII	F	0.02%
FL	F	0.02%
BC	D	0.02%
LII	A	0.02%
SAIC	F	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	A	0.02%
ESNT	D	0.02%
LNW	F	0.02%
SLG	B	0.02%
MDU	D	0.02%
RUSHA	B	0.02%
PRGO	C	0.02%
AGO	A	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%
PPC	B	0.02%
PVH	C	0.02%
BANC	B	0.02%
IDXX	F	0.02%
SWX	A	0.02%
CWEN	C	0.02%
AM	A	0.02%
HOG	F	0.02%
TYL	B	0.02%
GXO	B	0.02%
FBIN	F	0.02%
PNM	B	0.02%
EAT	A	0.02%
UMBF	B	0.02%
AVNT	B	0.02%
GBX	B	0.02%
TTWO	A	0.02%
RNST	B	0.02%
BBWI	C	0.02%
GBCI	B	0.02%
PRI	A	0.02%
TCBI	B	0.02%
TPH	D	0.02%
CIEN	B	0.02%
MTH	D	0.02%
URBN	C	0.02%
CLF	F	0.02%
RVTY	D	0.02%
MATX	B	0.02%
CW	B	0.02%
EHC	B	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%
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	D	0.02%
KBH	D	0.02%
RHI	C	0.02%
BANR	B	0.02%
VRSN	F	0.02%
GNRC	B	0.02%
CBSH	A	0.02%
SEM	B	0.02%
ALGN	D	0.02%
THG	A	0.02%
RPM	B	0.02%
DECK	A	0.02%
IBOC	B	0.02%
OSK	C	0.02%
UFPI	C	0.02%
PNR	B	0.02%
AMKR	F	0.02%
TRMB	B	0.02%
CRS	A	0.02%
SKYW	B	0.02%
CXW	B	0.02%
CUBE	C	0.02%
ALV	C	0.02%
G	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%
TDG	D	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%
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%
BFH	B	0.02%
CE	F	0.02%
SKX	F	0.02%
HRB	D	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%
TFIN	B	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%
PFBC	B	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%
SAFT	B	0.01%
CHEF	B	0.01%
AZZ	A	0.01%
RGEN	F	0.01%
EFC	C	0.01%
PAYO	A	0.01%
MATV	F	0.01%
HAIN	D	0.01%
PRDO	B	0.01%
POWL	C	0.01%
ONTO	F	0.01%
EPC	F	0.01%
VIR	F	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	C	0.01%
AMWD	C	0.01%
MRCY	C	0.01%
WRLD	D	0.01%
MP	C	0.01%
CENX	B	0.01%
NBHC	B	0.01%
HALO	F	0.01%
MEDP	D	0.01%
HAE	C	0.01%
CUBI	C	0.01%
CHCO	B	0.01%
DRH	B	0.01%
FIZZ	C	0.01%
PLAB	D	0.01%
APOG	B	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	D	0.01%
ESAB	C	0.01%
RCM	A	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%
GFF	B	0.01%
NHC	B	0.01%
JBT	A	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	F	0.01%
SPTN	F	0.01%
KN	B	0.01%
VRE	A	0.01%
MMSI	A	0.01%
KWR	D	0.01%
IBP	F	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%
EXP	B	0.01%
LNTH	F	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	C	0.01%
TREX	D	0.01%
LANC	D	0.01%
OSIS	A	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%
AWI	B	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%
STC	B	0.01%
PCTY	B	0.01%
MC	B	0.01%
PUMP	D	0.01%
OII	B	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%
CPF	B	0.01%
WEN	C	0.01%
CASH	B	0.01%
XRAY	D	0.01%
LPG	F	0.01%
CARG	B	0.01%
MGEE	A	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%
B	A	0.01%
SHOO	D	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%
OFG	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%
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	D	0.01%
UNF	B	0.01%
INVA	C	0.01%
DAN	F	0.01%
PARR	F	0.01%
GTLS	A	0.01%
CCS	F	0.01%
ANF	C	0.01%
OTTR	C	0.01%
DLB	F	0.01%
CHX	C	0.01%
PCH	D	0.01%
MTX	C	0.01%
CBRL	C	0.01%
ITGR	B	0.01%
BDN	C	0.01%
FCF	B	0.01%
CNXN	D	0.01%
NMIH	D	0.01%
DLX	B	0.01%
BRKL	B	0.01%
IRT	A	0.01%
HMN	B	0.01%
ENSG	D	0.01%
PHIN	B	0.01%
SXC	A	0.01%
VAL	F	0.01%
AKR	A	0.01%
NPO	A	0.01%
FBK	B	0.01%
RXO	C	0.01%
KMT	C	0.01%
DXCM	C	0.01%
VSTO	A	0.01%
KLG	D	0.01%
EGP	D	0.01%
PATK	D	0.01%
DOCS	C	0.01%
SFBS	B	0.01%
NEU	D	0.01%
NYT	D	0.01%
CNM	C	0.01%
MAT	D	0.01%
BRC	C	0.01%
WTS	B	0.01%
APAM	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%
STBA	B	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%
OLLI	D	0.01%
POOL	D	0.01%
SCSC	B	0.01%
RH	D	0.01%
PSTG	F	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	B	0.01%
EPR	D	0.01%
MKTX	D	0.01%
NBTB	B	0.01%
TTC	F	0.01%
LCII	D	0.01%
PRK	B	0.01%
KW	B	0.01%
CDP	C	0.01%
FN	B	0.01%
OUT	A	0.01%
FIX	A	0.01%
GRBK	D	0.01%
SAIA	C	0.01%
PIPR	B	0.01%
CAKE	B	0.01%
RLI	A	0.01%
BHLB	B	0.01%
ITRI	B	0.01%
WSFS	B	0.01%
KFY	B	0.01%
PSMT	D	0.01%
PBH	A	0.01%
BGC	C	0.01%
CRUS	F	0.01%
RBC	A	0.01%
PBI	B	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%
LRN	A	0.01%
ASGN	F	0.01%
SABR	B	0.01%
IDCC	B	0.01%
GMS	B	0.01%
GGG	B	0.01%
CROX	F	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%
LBRT	F	0.01%
ACIW	B	0.01%
FHI	B	0.01%
KBR	F	0.01%
PTEN	C	0.01%
ICUI	D	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%
HNI	B	0.01%
CHDN	C	0.01%
PEB	F	0.01%
LW	C	0.01%
ASO	F	0.01%
NVST	C	0.01%
FBP	B	0.01%
GNL	D	0.01%
COTY	F	0.01%
QRVO	F	0.01%
TRMK	B	0.01%
LEG	F	0.01%
CTLT	D	0.01%
UPBD	C	0.01%
TFX	F	0.01%
ACA	A	0.01%
CBU	B	0.01%
AMR	C	0.01%
UVV	B	0.01%
TTEK	F	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%
BLD	F	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%
SLVM	C	0.01%
NJR	A	0.01%
ATGE	B	0.01%
PPBI	B	0.01%
TKR	F	0.01%
HLI	B	0.01%
WWW	A	0.01%
MLKN	F	0.01%
MTN	C	0.01%
VAC	C	0.01%
COLM	B	0.01%
VBTX	B	0.01%
EXEL	B	0.01%
MIDD	D	0.01%
HOPE	B	0.01%
ST	F	0.01%
SPNT	A	0.01%
ALLE	D	0.01%
AORT	B	0.0%
NPK	C	0.0%
WOLF	F	0.0%
XPEL	C	0.0%
NARI	C	0.0%
LESL	C	0.0%
AGYS	A	0.0%
VCEL	A	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%
TNDM	F	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%
HCI	C	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%
TGI	A	0.0%
NXRT	A	0.0%
BJRI	C	0.0%
MXL	C	0.0%
AAON	B	0.0%
GKOS	A	0.0%
SHEN	F	0.0%
COLL	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%
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	B	0.0%
WSR	A	0.0%
ASTE	C	0.0%
CPRX	C	0.0%
CENT	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%
TNC	F	0.0%
PEN	B	0.0%
VICR	C	0.0%
USNA	C	0.0%
SXI	B	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%
UFPT	C	0.0%
FLGT	F	0.0%
WNC	D	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	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%
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	C	0.0%
AMSF	B	0.0%
HZO	F	0.0%
SVC	F	0.0%
NVRI	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%
PLMR	A	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%
CRVL	A	0.0%
ADUS	D	0.0%
FIVE	F	0.0%
LKFN	B	0.0%
DXPE	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%
TILE	B	0.0%
IPAR	C	0.0%
BFS	C	0.0%
QNST	C	0.0%
VSAT	F	0.0%
PAHC	B	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%
MSA	D	0.0%
UNIT	B	0.0%
CAL	F	0.0%

VLU Underweight 16 Positions Relative to DLN

Symbol	Grade	Weight
APO	A	-0.23%
KKR	A	-0.14%
ARES	A	-0.11%
LNG	A	-0.1%
DTD	A	-0.09%
DELL	B	-0.07%
SUI	C	-0.05%
VRT	A	-0.04%
FCNCA	A	-0.03%
BAH	D	-0.03%
SIRI	D	-0.03%
HEI	A	-0.02%
LPLA	A	-0.02%
WMG	C	-0.01%
TW	A	-0.01%
HEI	A	-0.01%