VLU vs. FBCG ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Fidelity Blue Chip Growth ETF (FBCG)

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

$191.84

Average Daily Volume

7,709

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

FBCG

Fidelity Blue Chip Growth ETF

FBCG Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.72

Average Daily Volume

414,593

Number of Holdings ^*

206

* may have additional holdings in another (foreign) market

Performance

Period	VLU	FBCG
30 Days	2.71%	3.98%
60 Days	6.94%	10.12%
90 Days	9.13%	13.03%
12 Months	31.59%	45.85%

148 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in FBCG	Overlap
AAPL	C	2.41%	11.67%	2.41%
ABNB	C	0.07%	0.45%	0.07%
ADBE	C	0.16%	0.0%	0.0%
AEO	F	0.01%	0.27%	0.01%
ALGM	F	0.01%	0.05%	0.01%
AMAT	F	0.12%	0.05%	0.05%
AMD	F	0.13%	0.42%	0.13%
AMZN	A	2.1%	8.54%	2.1%
ANET	C	0.08%	0.11%	0.08%
ANF	D	0.01%	0.4%	0.01%
APH	B	0.06%	0.09%	0.06%
ATI	D	0.02%	0.08%	0.02%
AVGO	C	0.46%	0.82%	0.46%
AXON	B	0.01%	0.05%	0.01%
AXP	B	0.35%	0.37%	0.35%
AYI	B	0.01%	0.06%	0.01%
BA	F	0.17%	0.41%	0.17%
BKNG	A	0.12%	0.04%	0.04%
BLDR	D	0.05%	0.09%	0.05%
BRK.A	B	2.36%	0.04%	0.04%
BSX	A	0.11%	0.8%	0.11%
C	A	1.11%	0.18%	0.18%
CAR	C	0.02%	0.03%	0.02%
CCK	D	0.03%	0.03%	0.03%
CCL	A	0.2%	0.03%	0.03%
CELH	F	0.0%	0.0%	0.0%
CHRW	A	0.06%	0.06%	0.06%
CIEN	B	0.02%	0.06%	0.02%
CMG	B	0.04%	0.48%	0.04%
COHR	B	0.04%	0.04%	0.04%
COST	B	0.28%	0.08%	0.08%
CROX	F	0.01%	0.28%	0.01%
CRS	B	0.02%	0.23%	0.02%
CZR	F	0.03%	0.0%	0.0%
DAL	A	0.33%	0.05%	0.05%
DECK	B	0.02%	0.54%	0.02%
DHI	F	0.11%	0.13%	0.11%
DHR	F	0.11%	0.32%	0.11%
DKS	F	0.03%	0.26%	0.03%
EAT	B	0.02%	0.03%	0.02%
EL	F	0.03%	0.03%	0.03%
ELF	C	0.0%	0.02%	0.0%
EME	B	0.03%	0.05%	0.03%
ENPH	F	0.01%	0.06%	0.01%
EOG	A	0.22%	0.2%	0.2%
ETN	A	0.12%	0.12%	0.12%
EXP	B	0.01%	0.07%	0.01%
FANG	D	0.11%	0.22%	0.11%
FBIN	F	0.02%	0.06%	0.02%
FDX	B	0.24%	0.03%	0.03%
FIVE	F	0.0%	0.1%	0.0%
FL	F	0.02%	0.02%	0.02%
FLR	C	0.03%	0.03%	0.03%
FSLR	F	0.03%	0.07%	0.03%
GAP	B	0.04%	0.0%	0.0%
GE	C	0.27%	0.26%	0.26%
GKOS	A	0.0%	0.04%	0.0%
GLW	C	0.1%	0.14%	0.1%
GM	A	0.53%	0.0%	0.0%
GOOGL	B	0.75%	6.31%	0.75%
GRMN	A	0.07%	0.04%	0.04%
GS	B	0.57%	0.25%	0.25%
HD	B	0.5%	0.09%	0.09%
HLT	A	0.02%	0.0%	0.0%
HWM	A	0.04%	0.2%	0.04%
INTU	A	0.06%	0.23%	0.06%
IP	C	0.17%	0.03%	0.03%
ISRG	A	0.1%	0.36%	0.1%
JEF	A	0.06%	0.06%	0.06%
KEY	B	0.15%	0.0%	0.0%
KVUE	B	0.22%	0.06%	0.06%
LIN	D	0.19%	0.05%	0.05%
LLY	F	0.2%	3.11%	0.2%
LOW	B	0.23%	1.07%	0.23%
LRCX	F	0.08%	0.11%	0.08%
LULU	C	0.03%	0.46%	0.03%
MA	B	0.13%	1.1%	0.13%
MAR	A	0.09%	0.0%	0.0%
MASI	B	0.01%	0.03%	0.01%
MCD	C	0.15%	0.12%	0.12%
MCK	A	0.39%	0.0%	0.0%
MCO	C	0.04%	0.1%	0.04%
META	B	1.78%	5.72%	1.78%
MLM	B	0.03%	0.06%	0.03%
MMM	C	0.28%	0.03%	0.03%
MPWR	F	0.01%	0.49%	0.01%
MRK	F	0.31%	0.21%	0.21%
MRNA	F	0.02%	0.07%	0.02%
MS	A	0.6%	0.12%	0.12%
MSFT	C	1.43%	8.36%	1.43%
MTB	B	0.17%	0.03%	0.03%
MU	D	0.15%	0.05%	0.05%
NFLX	A	0.18%	2.4%	0.18%
NKE	F	0.12%	0.4%	0.12%
NOW	A	0.06%	0.39%	0.06%
NVDA	B	0.37%	13.34%	0.37%
NXPI	F	0.07%	1.49%	0.07%
OLLI	C	0.01%	0.09%	0.01%
ON	F	0.05%	0.54%	0.05%
ORCL	A	0.45%	0.24%	0.24%
OXY	D	0.17%	0.0%	0.0%
PENN	B	0.03%	0.12%	0.03%
PG	C	0.46%	0.13%	0.13%
PGR	A	0.18%	0.26%	0.18%
PHM	D	0.06%	0.1%	0.06%
PLNT	A	0.0%	0.06%	0.0%
PM	C	0.54%	0.11%	0.11%
PODD	B	0.01%	0.09%	0.01%
PVH	C	0.02%	0.04%	0.02%
QCOM	F	0.23%	0.15%	0.15%
RCL	A	0.08%	0.03%	0.03%
REGN	F	0.11%	0.81%	0.11%
RH	C	0.01%	0.35%	0.01%
RL	B	0.03%	0.04%	0.03%
SBUX	B	0.14%	0.49%	0.14%
SHW	A	0.06%	0.09%	0.06%
SNPS	B	0.05%	0.06%	0.05%
SW	C	0.22%	0.03%	0.03%
SYK	A	0.09%	0.2%	0.09%
TDG	B	0.02%	0.05%	0.02%
TER	F	0.02%	0.3%	0.02%
TGT	C	0.22%	0.08%	0.08%
THC	B	0.06%	0.18%	0.06%
TJX	B	0.16%	0.54%	0.16%
TKO	D	0.04%	0.04%	0.04%
TMO	F	0.16%	0.1%	0.1%
TMUS	A	0.42%	0.09%	0.09%
TOL	C	0.05%	0.03%	0.03%
TPR	B	0.04%	0.0%	0.0%
TSLA	B	0.57%	1.03%	0.57%
TT	A	0.08%	0.03%	0.03%
TTWO	A	0.02%	0.03%	0.02%
UAL	B	0.24%	0.05%	0.05%
UBER	F	0.08%	1.19%	0.08%
UNH	B	1.17%	1.16%	1.16%
USB	A	0.38%	0.03%	0.03%
V	A	0.44%	0.24%	0.24%
VFC	C	0.06%	0.06%	0.06%
VMC	B	0.03%	0.06%	0.03%
VSCO	B	0.02%	0.07%	0.02%
WDC	D	0.05%	0.2%	0.05%
WELL	B	0.12%	0.27%	0.12%
WING	D	0.0%	0.03%	0.0%
WMT	A	1.8%	0.41%	0.41%
WSM	F	0.02%	0.05%	0.02%
WSO	A	0.04%	0.03%	0.03%
XOM	B	2.01%	0.0%	0.0%
ZTS	D	0.04%	0.47%	0.04%

VLU Overweight 1270 Positions Relative to FBCG

Symbol	Grade	Weight
BAC	A	1.49%
VZ	C	1.46%
JPM	B	1.46%
T	A	1.35%
CVX	B	1.32%
GOOG	B	1.2%
WFC	A	1.17%
JNJ	D	0.79%
PFE	F	0.77%
CMCSA	B	0.64%
CVS	F	0.61%
COF	B	0.6%
TFC	B	0.53%
CSCO	A	0.51%
ABBV	D	0.45%
PSX	D	0.45%
KMI	B	0.44%
MPC	D	0.44%
RTX	C	0.44%
IBM	C	0.43%
MET	C	0.41%
COP	C	0.41%
PNC	B	0.4%
PRU	B	0.38%
GILD	C	0.38%
UPS	C	0.37%
COR	A	0.37%
VLO	D	0.37%
KO	F	0.37%
F	C	0.36%
INTC	C	0.35%
KR	A	0.34%
PEP	D	0.34%
MO	A	0.34%
BMY	B	0.34%
CHTR	B	0.33%
LMT	C	0.33%
NEE	D	0.33%
CI	D	0.33%
MDT	D	0.32%
DUK	D	0.32%
CB	C	0.32%
ELV	F	0.31%
ACN	C	0.31%
HPQ	B	0.31%
SO	D	0.3%
CNC	F	0.28%
BK	B	0.28%
DIS	B	0.27%
AMGN	F	0.26%
CRM	B	0.26%
CAH	A	0.25%
KHC	F	0.25%
CAT	C	0.25%
TXN	C	0.25%
HPE	B	0.24%
SCHW	A	0.24%
AIG	B	0.24%
ABT	C	0.24%
D	D	0.23%
SYF	B	0.22%
GD	A	0.22%
DE	D	0.22%
UNP	C	0.22%
ADM	F	0.21%
HON	B	0.21%
AFL	C	0.2%
WMB	B	0.19%
EXC	C	0.19%
LYB	F	0.19%
WBD	B	0.18%
CFG	B	0.18%
TRV	B	0.18%
SRE	A	0.18%
DD	D	0.18%
MDLZ	F	0.18%
HCA	D	0.18%
DOW	F	0.17%
HUM	D	0.17%
PYPL	A	0.17%
EMR	A	0.16%
LUV	B	0.16%
PFG	C	0.16%
AEP	D	0.16%
DFS	B	0.16%
BBY	D	0.15%
FI	A	0.15%
NOC	C	0.15%
ALL	A	0.15%
JCI	A	0.15%
ETR	B	0.15%
ADI	F	0.14%
XEL	A	0.14%
STT	B	0.14%
TSN	C	0.14%
NEM	F	0.14%
APD	B	0.14%
AMT	F	0.13%
L	A	0.13%
NSC	B	0.13%
HIG	C	0.13%
PEG	C	0.13%
OKE	A	0.13%
LEN	D	0.13%
PLD	D	0.13%
SLB	C	0.13%
VTRS	B	0.13%
CMI	A	0.13%
BX	A	0.13%
FITB	A	0.12%
KDP	D	0.12%
MMC	C	0.12%
SPGI	C	0.12%
SYY	B	0.12%
AMP	A	0.12%
EQT	B	0.12%
BKR	B	0.12%
PCG	A	0.12%
DVN	F	0.12%
NUE	C	0.12%
PCAR	B	0.12%
HBAN	B	0.12%
RGA	A	0.12%
ED	D	0.12%
O	D	0.11%
BG	D	0.11%
ICE	D	0.11%
VRTX	B	0.11%
CTSH	A	0.11%
PFGC	B	0.11%
RF	B	0.11%
ACGL	D	0.11%
KMB	F	0.1%
WM	A	0.1%
EIX	C	0.1%
CCI	F	0.1%
LHX	A	0.1%
CME	A	0.1%
UNM	A	0.1%
GIS	F	0.1%
VST	B	0.1%
FIS	B	0.1%
CSX	B	0.1%
LAD	B	0.09%
CTVA	C	0.09%
FOXA	A	0.09%
TRGP	B	0.09%
ALLY	C	0.09%
FCX	F	0.09%
PPL	A	0.09%
RSG	A	0.09%
ADP	A	0.09%
CL	F	0.09%
VICI	D	0.09%
DTE	D	0.09%
WEC	B	0.09%
ITW	A	0.09%
OVV	C	0.09%
PH	A	0.09%
ORLY	A	0.08%
AAL	B	0.08%
CMA	A	0.08%
EQR	C	0.08%
EG	D	0.08%
BIIB	F	0.08%
MOS	D	0.08%
K	A	0.08%
CARR	C	0.08%
X	C	0.08%
NTRS	A	0.08%
USFD	A	0.08%
SNX	C	0.08%
MRO	B	0.08%
ES	D	0.08%
AFG	A	0.08%
BDX	D	0.08%
STLD	B	0.08%
LUMN	B	0.08%
VTR	C	0.08%
AEE	A	0.08%
CBRE	A	0.08%
EBAY	C	0.08%
TAP	B	0.08%
ATO	A	0.07%
CAG	F	0.07%
PSA	C	0.07%
WTW	A	0.07%
NDAQ	A	0.07%
BWA	B	0.07%
EVRG	A	0.07%
PANW	A	0.07%
CINF	A	0.07%
CHRD	F	0.07%
IVZ	C	0.07%
AVB	A	0.07%
LVS	C	0.07%
AON	A	0.07%
ZION	B	0.07%
CNP	B	0.07%
JXN	B	0.07%
HAL	C	0.07%
URI	B	0.07%
EQIX	B	0.07%
EQH	B	0.07%
HRL	F	0.07%
TROW	B	0.07%
FNF	C	0.07%
ARW	F	0.06%
GWW	B	0.06%
WBA	D	0.06%
NRG	B	0.06%
BAX	F	0.06%
CTRA	B	0.06%
LH	A	0.06%
ROST	F	0.06%
NI	A	0.06%
DINO	D	0.06%
BXP	D	0.06%
PARA	C	0.06%
HES	C	0.06%
DVA	C	0.06%
NVR	D	0.06%
R	A	0.06%
CF	B	0.06%
GPN	B	0.06%
PAYX	B	0.06%
SPG	B	0.06%
RJF	A	0.06%
PPG	F	0.06%
VNO	C	0.06%
OMC	B	0.06%
WY	F	0.06%
AZO	C	0.06%
FE	D	0.06%
MHK	D	0.06%
WPC	F	0.05%
SJM	F	0.05%
PKG	B	0.05%
EXPE	B	0.05%
FOX	A	0.05%
OC	A	0.05%
JLL	C	0.05%
MCHP	F	0.05%
LEA	F	0.05%
UHS	D	0.05%
ZBH	C	0.05%
STX	D	0.05%
STZ	D	0.05%
EA	A	0.05%
IQV	F	0.05%
DG	F	0.05%
GPC	D	0.05%
APTV	D	0.05%
JBL	C	0.05%
CNX	B	0.05%
KLAC	F	0.05%
PNW	B	0.05%
DOC	C	0.05%
JHG	B	0.05%
ARMK	B	0.05%
IFF	F	0.05%
WRB	B	0.05%
WHR	B	0.05%
LNC	B	0.05%
GEN	A	0.05%
ARE	F	0.05%
RS	B	0.05%
RNR	D	0.05%
SWK	F	0.05%
STWD	D	0.05%
ROP	A	0.05%
DGX	A	0.05%
EWBC	B	0.05%
FHN	A	0.05%
COLB	B	0.05%
COOP	B	0.05%
AWK	D	0.05%
HSY	D	0.05%
BEN	C	0.05%
AJG	A	0.05%
CMS	C	0.05%
ALK	A	0.05%
AMCR	D	0.05%
LDOS	B	0.05%
IBKR	A	0.05%
MNST	B	0.05%
MUSA	B	0.04%
CPT	C	0.04%
HCC	C	0.04%
OTIS	C	0.04%
DOV	A	0.04%
KEYS	C	0.04%
KIM	A	0.04%
NCLH	B	0.04%
BRO	A	0.04%
NOG	B	0.04%
CNO	B	0.04%
AME	A	0.04%
SF	B	0.04%
TSCO	C	0.04%
DLTR	F	0.04%
AES	F	0.04%
IPG	F	0.04%
J	B	0.04%
EXPD	D	0.04%
INGR	B	0.04%
XPO	B	0.04%
GL	B	0.04%
AN	C	0.04%
CACI	C	0.04%
WLK	F	0.04%
OHI	C	0.04%
TXT	C	0.04%
SNA	A	0.04%
REG	A	0.04%
TMHC	C	0.04%
FYBR	D	0.04%
NTAP	D	0.04%
M	D	0.04%
BERY	C	0.04%
LNT	C	0.04%
ROK	B	0.04%
APA	F	0.04%
VLY	B	0.04%
FTNT	B	0.04%
MAA	C	0.04%
HST	C	0.04%
BALL	D	0.04%
SANM	B	0.04%
PWR	B	0.04%
AR	B	0.04%
UTHR	B	0.04%
WBS	A	0.04%
AIZ	A	0.04%
CPAY	A	0.04%
MKC	D	0.04%
KRC	C	0.04%
INVH	D	0.04%
SNV	B	0.04%
DLR	C	0.04%
FAST	A	0.04%
MUR	F	0.04%
SWKS	F	0.04%
GLPI	D	0.04%
CTAS	A	0.04%
VOYA	B	0.04%
CEG	D	0.04%
AL	B	0.04%
ESS	C	0.04%
AA	C	0.04%
MOH	F	0.04%
CIVI	F	0.04%
OZK	B	0.04%
UGI	D	0.04%
MSI	B	0.04%
ORI	A	0.04%
MGM	D	0.04%
IRM	D	0.04%
ALB	B	0.04%
CPB	F	0.04%
LYV	B	0.04%
ECL	C	0.04%
EXR	D	0.04%
ROIV	C	0.04%
AVT	C	0.04%
DRI	B	0.04%
WCC	B	0.04%
KMX	C	0.04%
WAB	A	0.04%
ABG	B	0.04%
EMN	D	0.04%
GPI	A	0.04%
BURL	C	0.03%
RMD	C	0.03%
BFH	B	0.03%
RDN	C	0.03%
SSB	B	0.03%
MTDR	C	0.03%
CADE	B	0.03%
TRN	B	0.03%
GT	C	0.03%
WTFC	B	0.03%
CDNS	B	0.03%
SKX	F	0.03%
HAS	D	0.03%
GNW	B	0.03%
CSL	B	0.03%
HRB	D	0.03%
DTM	B	0.03%
CLH	B	0.03%
SFNC	B	0.03%
COKE	C	0.03%
PK	B	0.03%
ARCH	B	0.03%
MAS	D	0.03%
ANSS	B	0.03%
PAG	B	0.03%
WAFD	B	0.03%
BRX	A	0.03%
SATS	C	0.03%
NFG	C	0.03%
BKU	B	0.03%
CUZ	C	0.03%
HBI	B	0.03%
POST	D	0.03%
CR	B	0.03%
MAN	F	0.03%
HSIC	F	0.03%
LAMR	D	0.03%
WTRG	C	0.03%
TDS	B	0.03%
TGNA	B	0.03%
INCY	B	0.03%
GPK	D	0.03%
JNPR	D	0.03%
BXMT	D	0.03%
BHF	B	0.03%
HWC	B	0.03%
GEO	B	0.03%
ULTA	C	0.03%
FMC	F	0.03%
PNFP	B	0.03%
APLE	B	0.03%
PBF	F	0.03%
FNB	A	0.03%
BIO	C	0.03%
GME	C	0.03%
CNK	B	0.03%
CHD	B	0.03%
UDR	C	0.03%
THO	B	0.03%
CEIX	B	0.03%
AGCO	F	0.03%
PB	B	0.03%
CBOE	D	0.03%
GHC	B	0.03%
CFR	B	0.03%
RRC	B	0.03%
OGE	B	0.03%
HUBB	B	0.03%
PR	C	0.03%
NXST	C	0.03%
GEHC	F	0.03%
ILMN	C	0.03%
GDDY	A	0.03%
CE	F	0.03%
CWK	B	0.03%
HP	C	0.03%
ABM	B	0.03%
CLX	A	0.03%
ODFL	B	0.03%
SFM	B	0.03%
IT	A	0.03%
NWSA	B	0.03%
CALM	B	0.03%
KD	A	0.03%
DEI	C	0.03%
FTV	D	0.03%
AKAM	F	0.03%
CATY	B	0.03%
ACM	B	0.03%
FAF	C	0.03%
LKQ	D	0.03%
WU	F	0.03%
MTZ	B	0.03%
YUM	B	0.03%
BTU	B	0.03%
NWL	B	0.03%
CDW	F	0.03%
BJ	B	0.03%
HIW	D	0.03%
JBHT	B	0.03%
ONB	B	0.03%
TDY	A	0.03%
CASY	B	0.03%
CPRT	A	0.03%
ASB	B	0.03%
MLI	B	0.03%
OGS	A	0.03%
BKH	B	0.03%
KNX	B	0.03%
CMC	B	0.03%
OGN	F	0.03%
EW	D	0.03%
A	F	0.03%
ADSK	A	0.03%
DXC	B	0.03%
KTB	B	0.02%
BLD	F	0.02%
ATGE	B	0.02%
CABO	B	0.02%
LPX	B	0.02%
GMED	B	0.02%
ALLE	D	0.02%
KBR	B	0.02%
ADNT	D	0.02%
EXEL	B	0.02%
MAC	B	0.02%
MIDD	C	0.02%
AX	B	0.02%
AIT	A	0.02%
MGY	B	0.02%
VAC	B	0.02%
MMS	D	0.02%
VMI	B	0.02%
ELS	C	0.02%
GATX	A	0.02%
FICO	B	0.02%
VSTS	D	0.02%
VVV	B	0.02%
ST	F	0.02%
TTEK	C	0.02%
REZI	A	0.02%
FLO	F	0.02%
NWBI	B	0.02%
JBGS	F	0.02%
VLTO	C	0.02%
VYX	B	0.02%
CVBF	B	0.02%
NATL	B	0.02%
SLVM	C	0.02%
TXRH	A	0.02%
NWE	C	0.02%
SLM	B	0.02%
ERIE	F	0.02%
SIGI	B	0.02%
GEF	A	0.02%
MCY	B	0.02%
POR	D	0.02%
FULT	B	0.02%
AXTA	A	0.02%
FLS	B	0.02%
TNL	A	0.02%
KRG	B	0.02%
SEIC	A	0.02%
ABCB	B	0.02%
PLXS	C	0.02%
OI	D	0.02%
MOG.A	B	0.02%
MHO	D	0.02%
NDSN	B	0.02%
BCC	B	0.02%
PRG	B	0.02%
SR	C	0.02%
CNXC	F	0.02%
KSS	F	0.02%
MSM	B	0.02%
AGO	B	0.02%
MDU	F	0.02%
IDA	A	0.02%
WWD	B	0.02%
NSIT	F	0.02%
EFX	D	0.02%
WFRD	D	0.02%
RRX	C	0.02%
UAA	B	0.02%
SBAC	D	0.02%
LII	B	0.02%
CRC	B	0.02%
KAR	B	0.02%
WYNN	F	0.02%
CBT	C	0.02%
JBLU	C	0.02%
NVT	B	0.02%
BYD	A	0.02%
ALE	A	0.02%
PII	F	0.02%
ESNT	D	0.02%
BC	C	0.02%
SWX	B	0.02%
PRGO	C	0.02%
AUB	B	0.02%
PTC	B	0.02%
PNM	B	0.02%
BHE	C	0.02%
TCBI	B	0.02%
BANC	B	0.02%
RUSHA	B	0.02%
OLN	D	0.02%
CWEN	D	0.02%
PPC	B	0.02%
AM	B	0.02%
PRI	A	0.02%
HOG	F	0.02%
GBX	A	0.02%
SLG	C	0.02%
AAP	D	0.02%
IDXX	D	0.02%
UMBF	B	0.02%
RNST	B	0.02%
GBCI	B	0.02%
URBN	C	0.02%
TYL	B	0.02%
TPH	D	0.02%
BBWI	C	0.02%
LNW	F	0.02%
GXO	B	0.02%
AVNT	B	0.02%
WAT	A	0.02%
HOMB	A	0.02%
BANF	B	0.02%
ADC	A	0.02%
FHB	B	0.02%
MTD	F	0.02%
CBSH	A	0.02%
MATX	A	0.02%
KEX	B	0.02%
STE	F	0.02%
JWN	B	0.02%
AVY	F	0.02%
BANR	B	0.02%
THG	A	0.02%
MTH	D	0.02%
H	B	0.02%
SIG	B	0.02%
IBTX	B	0.02%
SLGN	A	0.02%
G	B	0.02%
PNR	A	0.02%
EHC	A	0.02%
SAIC	C	0.02%
CW	B	0.02%
HII	D	0.02%
IBOC	B	0.02%
RPM	A	0.02%
ALGN	F	0.02%
EVR	B	0.02%
SBRA	C	0.02%
KBH	D	0.02%
RHI	B	0.02%
VRSN	C	0.02%
BR	A	0.02%
GNRC	B	0.02%
CUBE	D	0.02%
SEM	B	0.02%
SKYW	B	0.02%
IR	A	0.02%
FFBC	B	0.02%
OSK	B	0.02%
TRMB	B	0.02%
UFPI	B	0.02%
PFS	B	0.02%
AMG	B	0.02%
ALV	C	0.02%
ENVA	B	0.02%
RVTY	C	0.02%
JAZZ	B	0.02%
NNN	F	0.02%
CXW	B	0.02%
UBSI	B	0.02%
SNEX	B	0.02%
HOLX	D	0.02%
FFIV	A	0.02%
DAR	B	0.02%
XYL	D	0.02%
NOV	C	0.02%
ABR	B	0.02%
ZBRA	A	0.02%
AMH	C	0.02%
SCI	B	0.02%
CG	C	0.02%
SON	D	0.02%
AMKR	F	0.02%
SM	C	0.02%
CLF	D	0.02%
MTG	C	0.02%
CSGP	D	0.02%
MPW	F	0.02%
KREF	D	0.01%
FBNC	B	0.01%
HFWA	B	0.01%
CHE	D	0.01%
PRDO	B	0.01%
QNST	C	0.01%
UNIT	C	0.01%
PFBC	B	0.01%
AIN	D	0.01%
SCL	C	0.01%
VRTS	B	0.01%
UFCS	A	0.01%
MCRI	A	0.01%
EZPW	B	0.01%
MMI	B	0.01%
IART	D	0.01%
MSGS	C	0.01%
AWR	B	0.01%
XHR	B	0.01%
FORM	F	0.01%
RES	F	0.01%
SAFT	B	0.01%
CUBI	B	0.01%
SOLV	D	0.01%
AAT	C	0.01%
AZZ	B	0.01%
AEIS	C	0.01%
AVNS	F	0.01%
HPP	F	0.01%
EFC	C	0.01%
CENX	B	0.01%
MODG	F	0.01%
HAE	B	0.01%
TDC	D	0.01%
ZD	B	0.01%
HAIN	F	0.01%
CVLT	A	0.01%
SCHL	D	0.01%
GFF	A	0.01%
RDNT	B	0.01%
CHEF	B	0.01%
CWT	D	0.01%
HAFC	B	0.01%
HCSG	B	0.01%
CHCO	B	0.01%
OLED	F	0.01%
HWKN	C	0.01%
INN	C	0.01%
NBHC	B	0.01%
HLX	D	0.01%
EPC	F	0.01%
AMWD	B	0.01%
GDOT	C	0.01%
CHH	B	0.01%
FSS	C	0.01%
FIZZ	B	0.01%
SYNA	D	0.01%
WRLD	C	0.01%
SMPL	B	0.01%
FWRD	D	0.01%
APOG	B	0.01%
VSAT	F	0.01%
GTY	B	0.01%
CPK	A	0.01%
RCM	B	0.01%
SHAK	C	0.01%
MRCY	B	0.01%
DRH	B	0.01%
NGVT	B	0.01%
UCTT	F	0.01%
ONTO	F	0.01%
ESE	B	0.01%
DNOW	B	0.01%
MP	C	0.01%
ELME	D	0.01%
STRA	C	0.01%
RGEN	C	0.01%
MATV	F	0.01%
WST	B	0.01%
JBT	A	0.01%
HXL	D	0.01%
ESAB	B	0.01%
PLAB	C	0.01%
VRE	B	0.01%
TPX	B	0.01%
NHC	B	0.01%
YELP	C	0.01%
BKE	A	0.01%
KELYA	F	0.01%
JJSF	B	0.01%
MEDP	C	0.01%
FCPT	C	0.01%
MMSI	B	0.01%
CRI	D	0.01%
SBCF	B	0.01%
MCW	C	0.01%
KWR	C	0.01%
POWL	B	0.01%
KNF	C	0.01%
SHO	C	0.01%
VIR	C	0.01%
AMED	F	0.01%
SKT	B	0.01%
ALGT	B	0.01%
AHCO	D	0.01%
ENR	B	0.01%
CGNX	C	0.01%
EIG	A	0.01%
OSIS	B	0.01%
KN	B	0.01%
NOVT	C	0.01%
VC	D	0.01%
ASIX	B	0.01%
HQY	B	0.01%
MYRG	B	0.01%
LGND	B	0.01%
ACHC	F	0.01%
MGEE	A	0.01%
IBP	F	0.01%
STC	C	0.01%
AWI	B	0.01%
SMCI	F	0.01%
MORN	B	0.01%
SPTN	F	0.01%
CARG	B	0.01%
BOOT	D	0.01%
ALKS	B	0.01%
CFFN	B	0.01%
XRAY	F	0.01%
FELE	A	0.01%
TBBK	B	0.01%
CORT	B	0.01%
KALU	B	0.01%
BRBR	A	0.01%
VTLE	C	0.01%
TREX	C	0.01%
CPF	B	0.01%
SCVL	D	0.01%
FND	F	0.01%
MNRO	B	0.01%
CASH	B	0.01%
HALO	B	0.01%
PLUS	F	0.01%
CVCO	B	0.01%
LANC	C	0.01%
AXL	C	0.01%
CWEN	D	0.01%
AMN	F	0.01%
LXP	C	0.01%
KLIC	C	0.01%
IOSP	B	0.01%
MC	B	0.01%
OPCH	F	0.01%
HI	C	0.01%
HASI	F	0.01%
TMP	B	0.01%
LNTH	F	0.01%
PAYC	B	0.01%
PUMP	D	0.01%
BLMN	F	0.01%
BCPC	B	0.01%
WD	D	0.01%
OII	B	0.01%
LGIH	F	0.01%
PCTY	A	0.01%
BRKR	F	0.01%
PARR	F	0.01%
NSP	F	0.01%
NBR	C	0.01%
ROIC	A	0.01%
ARCB	C	0.01%
B	A	0.01%
LPG	F	0.01%
EGBN	B	0.01%
LTC	B	0.01%
RWT	D	0.01%
WEN	C	0.01%
UE	B	0.01%
OFG	B	0.01%
ETSY	C	0.01%
VNT	B	0.01%
SSD	D	0.01%
EXLS	B	0.01%
XRX	F	0.01%
DOCS	B	0.01%
ODP	F	0.01%
PJT	B	0.01%
AROC	B	0.01%
DORM	B	0.01%
SHOO	D	0.01%
DXCM	C	0.01%
NBIX	C	0.01%
CENTA	C	0.01%
AVAV	C	0.01%
UNF	B	0.01%
ENOV	C	0.01%
GTLS	A	0.01%
WGO	B	0.01%
OMI	F	0.01%
CPRI	F	0.01%
OMCL	C	0.01%
DIOD	F	0.01%
SXT	B	0.01%
IPGP	C	0.01%
FTDR	B	0.01%
DLX	A	0.01%
BRKL	B	0.01%
CHX	D	0.01%
IRT	A	0.01%
PHIN	B	0.01%
FCF	B	0.01%
NMIH	C	0.01%
ORA	C	0.01%
FBK	B	0.01%
OTTR	C	0.01%
MKSI	C	0.01%
CBRL	C	0.01%
MTX	B	0.01%
PCH	F	0.01%
CCS	F	0.01%
NPO	B	0.01%
ITGR	B	0.01%
INVA	B	0.01%
SXC	B	0.01%
RUN	F	0.01%
HMN	B	0.01%
DAY	C	0.01%
PATK	C	0.01%
EXPI	C	0.01%
SHC	D	0.01%
VSTO	A	0.01%
BWXT	A	0.01%
AKR	C	0.01%
DLB	C	0.01%
BDN	D	0.01%
DAN	D	0.01%
SFBS	B	0.01%
WTS	B	0.01%
ROL	B	0.01%
CNXN	C	0.01%
ENSG	C	0.01%
EGP	C	0.01%
LZB	C	0.01%
SBSI	B	0.01%
STBA	B	0.01%
WMS	F	0.01%
PECO	A	0.01%
MTSI	B	0.01%
KMT	B	0.01%
NSA	D	0.01%
HGV	B	0.01%
DCOM	B	0.01%
VAL	F	0.01%
THS	F	0.01%
NWS	B	0.01%
RXO	C	0.01%
NEU	C	0.01%
BRC	A	0.01%
APAM	B	0.01%
MAT	C	0.01%
SAH	B	0.01%
PINC	A	0.01%
NYT	C	0.01%
RLI	A	0.01%
RYN	F	0.01%
RC	D	0.01%
NBTB	B	0.01%
CTRE	C	0.01%
FUL	F	0.01%
POOL	D	0.01%
CNM	D	0.01%
EPR	D	0.01%
DPZ	C	0.01%
SCSC	B	0.01%
WSFS	B	0.01%
PRK	B	0.01%
BHLB	B	0.01%
PBH	A	0.01%
LCII	C	0.01%
CAKE	B	0.01%
LOPE	B	0.01%
OUT	C	0.01%
PIPR	B	0.01%
FIX	B	0.01%
KLG	D	0.01%
UA	B	0.01%
FCN	F	0.01%
TEX	D	0.01%
CRK	B	0.01%
MKTX	C	0.01%
GRBK	D	0.01%
KW	C	0.01%
SABR	B	0.01%
FFIN	B	0.01%
SMG	D	0.01%
RBC	B	0.01%
SBH	C	0.01%
BOH	B	0.01%
UNFI	C	0.01%
TTC	F	0.01%
KFY	B	0.01%
PSMT	C	0.01%
ECPG	B	0.01%
CRUS	F	0.01%
GVA	B	0.01%
SAIA	B	0.01%
BCO	F	0.01%
PSTG	D	0.01%
CDP	C	0.01%
WEX	D	0.01%
ITRI	B	0.01%
DEA	D	0.01%
PMT	D	0.01%
GGG	B	0.01%
LRN	B	0.01%
IDCC	B	0.01%
DT	C	0.01%
WH	A	0.01%
GMS	B	0.01%
GIII	D	0.01%
FN	B	0.01%
ARI	D	0.01%
EPRT	C	0.01%
BGC	C	0.01%
IIPR	F	0.01%
LSTR	B	0.01%
VSH	F	0.01%
FDP	B	0.01%
WOR	F	0.01%
FHI	A	0.01%
WERN	B	0.01%
NAVI	D	0.01%
NWN	B	0.01%
PBI	C	0.01%
TTMI	B	0.01%
VRSK	A	0.01%
BDC	C	0.01%
ENS	D	0.01%
WS	B	0.01%
LFUS	D	0.01%
HNI	B	0.01%
GNTX	C	0.01%
MD	C	0.01%
MTCH	F	0.01%
UVV	B	0.01%
LECO	C	0.01%
FBP	B	0.01%
MSCI	B	0.01%
FDS	A	0.01%
PTEN	C	0.01%
CBU	B	0.01%
TRMK	B	0.01%
COTY	F	0.01%
CCOI	C	0.01%
UCB	B	0.01%
LBRT	F	0.01%
DY	C	0.01%
CRL	C	0.01%
JKHY	C	0.01%
ASH	F	0.01%
ICUI	D	0.01%
NVST	C	0.01%
CTLT	D	0.01%
ASGN	C	0.01%
CHDN	C	0.01%
ACIW	B	0.01%
LEG	F	0.01%
AMR	C	0.01%
DCI	A	0.01%
ACA	B	0.01%
SPNT	C	0.01%
AVA	C	0.01%
UPBD	B	0.01%
LW	C	0.01%
TFX	F	0.01%
HTH	B	0.01%
STAG	D	0.01%
IEX	B	0.01%
EEFT	C	0.01%
SEE	C	0.01%
NJR	A	0.01%
REXR	F	0.01%
PEB	D	0.01%
ASO	F	0.01%
GNL	D	0.01%
FRT	C	0.01%
WKC	D	0.01%
TALO	C	0.01%
ANDE	D	0.01%
QRVO	F	0.01%
FR	C	0.01%
LITE	A	0.01%
MTN	D	0.01%
HLI	B	0.01%
HUBG	A	0.01%
PPBI	B	0.01%
KMPR	A	0.01%
AOS	F	0.01%
WWW	B	0.01%
INDB	B	0.01%
ATR	A	0.01%
VBTX	B	0.01%
DBX	B	0.01%
CC	C	0.01%
HOPE	B	0.01%
PDCO	F	0.01%
RGLD	C	0.01%
TKR	F	0.01%
MLKN	D	0.01%
ITT	A	0.01%
COLM	B	0.01%
EPAM	B	0.01%
AORT	C	0.0%
VICR	B	0.0%
NPK	B	0.0%
XPEL	C	0.0%
WOLF	F	0.0%
NARI	C	0.0%
LESL	D	0.0%
VCEL	B	0.0%
AGYS	B	0.0%
MSEX	C	0.0%
GOGO	C	0.0%
PGNY	F	0.0%
EMBC	B	0.0%
PCRX	D	0.0%
STAA	F	0.0%
CLB	C	0.0%
TNDM	F	0.0%
CERT	F	0.0%
RGNX	D	0.0%
TTGT	B	0.0%
ARWR	C	0.0%
NABL	F	0.0%
CRSR	C	0.0%
TGI	B	0.0%
COHU	C	0.0%
HCI	C	0.0%
LQDT	B	0.0%
MYE	F	0.0%
BMI	B	0.0%
JBSS	F	0.0%
SNCY	B	0.0%
SSTK	D	0.0%
AAON	B	0.0%
NXRT	C	0.0%
SEDG	F	0.0%
BJRI	B	0.0%
ICHR	C	0.0%
CEVA	B	0.0%
MXL	C	0.0%
SHEN	F	0.0%
WT	B	0.0%
IIIN	D	0.0%
SITM	B	0.0%
MGPI	F	0.0%
CARS	B	0.0%
DGII	B	0.0%
AHH	D	0.0%
GPRE	F	0.0%
DV	C	0.0%
TRUP	B	0.0%
CYTK	C	0.0%
WSR	A	0.0%
CENT	C	0.0%
THRY	F	0.0%
ASTE	B	0.0%
COLL	F	0.0%
SLAB	F	0.0%
IRWD	D	0.0%
EPAC	B	0.0%
PAYO	B	0.0%
VECO	F	0.0%
PEN	B	0.0%
CTS	B	0.0%
RGR	F	0.0%
HRMY	D	0.0%
USNA	C	0.0%
JACK	D	0.0%
THRM	F	0.0%
CPRX	B	0.0%
VVI	B	0.0%
TNC	F	0.0%
SXI	B	0.0%
XNCR	B	0.0%
YETI	C	0.0%
PRLB	B	0.0%
SPSC	D	0.0%
LNN	C	0.0%
KNSL	C	0.0%
PZZA	D	0.0%
SONO	C	0.0%
PRVA	B	0.0%
GDEN	B	0.0%
MTUS	C	0.0%
HTLD	C	0.0%
IRDM	C	0.0%
HSII	B	0.0%
SJW	F	0.0%
POWI	C	0.0%
KOP	C	0.0%
ALRM	C	0.0%
AMPH	C	0.0%
WDFC	B	0.0%
ALG	B	0.0%
AOSL	F	0.0%
WNC	C	0.0%
EXTR	B	0.0%
MATW	C	0.0%
BLKB	C	0.0%
DFIN	D	0.0%
OXM	D	0.0%
LIVN	C	0.0%
FTRE	D	0.0%
MYGN	F	0.0%
CNMD	C	0.0%
CALX	F	0.0%
EYE	D	0.0%
JOE	F	0.0%
WABC	B	0.0%
RCUS	D	0.0%
HLIT	D	0.0%
BSIG	B	0.0%
UHT	D	0.0%
CSGS	B	0.0%
UFPT	C	0.0%
REX	C	0.0%
QLYS	B	0.0%
USPH	C	0.0%
PLMR	C	0.0%
AMSF	A	0.0%
CXT	D	0.0%
SMP	B	0.0%
NX	C	0.0%
EXPO	D	0.0%
ACLS	F	0.0%
RAMP	C	0.0%
AIR	C	0.0%
AZTA	F	0.0%
VIAV	B	0.0%
ETD	D	0.0%
HTZ	C	0.0%
LSCC	D	0.0%
HAYN	A	0.0%
VRRM	F	0.0%
BGS	F	0.0%
FLGT	F	0.0%
NVEE	C	0.0%
NVRI	F	0.0%
DVAX	B	0.0%
FOXF	F	0.0%
CNSL	C	0.0%
AMBC	C	0.0%
MRTN	B	0.0%
ENV	B	0.0%
FBRT	C	0.0%
TWI	F	0.0%
MANH	C	0.0%
BOX	A	0.0%
HZO	F	0.0%
EVTC	C	0.0%
NTCT	B	0.0%
TR	C	0.0%
LKFN	B	0.0%
NEO	B	0.0%
PRGS	A	0.0%
HAYW	C	0.0%
GES	F	0.0%
UTL	C	0.0%
NEOG	F	0.0%
ROG	D	0.0%
SVC	F	0.0%
CRVL	B	0.0%
SAM	B	0.0%
ASTH	F	0.0%
CVI	F	0.0%
PAHC	B	0.0%
TRIP	D	0.0%
TILE	B	0.0%
CSR	C	0.0%
HELE	C	0.0%
VTOL	B	0.0%
DXPE	B	0.0%
ADUS	D	0.0%
RMBS	B	0.0%
MTRN	B	0.0%
IPAR	B	0.0%
PRAA	B	0.0%
TECH	B	0.0%
PLAY	C	0.0%
ZI	D	0.0%
BFS	C	0.0%
ROCK	C	0.0%
SUPN	B	0.0%
PRA	B	0.0%
SMTC	B	0.0%
MSA	D	0.0%
ALEX	B	0.0%
TRST	B	0.0%
CAL	D	0.0%
TFIN	B	0.0%
GO	C	0.0%

VLU Underweight 58 Positions Relative to FBCG

Symbol	Grade	Weight
SNAP	C	-1.47%
MRVL	B	-1.35%
TSM	C	-0.85%
CVNA	B	-0.7%
APP	B	-0.51%
LYFT	B	-0.42%
NVO	F	-0.38%
GFS	C	-0.37%
SN	C	-0.35%
OKTA	C	-0.32%
COIN	B	-0.31%
PDD	F	-0.28%
SQ	B	-0.26%
HUBS	B	-0.24%
ASML	F	-0.21%
DKNG	B	-0.2%
SGBX	F	-0.2%
RIVN	D	-0.18%
SHOP	A	-0.17%
ZM	B	-0.13%
DELL	B	-0.13%
FLUT	A	-0.13%
ALNY	D	-0.12%
GEV	B	-0.12%
RDDT	B	-0.12%
TEVA	D	-0.12%
WRBY	B	-0.12%
DDOG	B	-0.12%
OWL	B	-0.12%
MDB	C	-0.11%
KKR	B	-0.11%
SNOW	C	-0.11%
Z	B	-0.09%
APO	B	-0.09%
SPOT	A	-0.08%
DUOL	B	-0.07%
SAP	C	-0.06%
TOST	A	-0.06%
EXAS	F	-0.05%
LEGN	F	-0.05%
SPR	F	-0.05%
PI	D	-0.04%
HDB	C	-0.04%
LEVI	F	-0.03%
LNG	B	-0.03%
MMYT	C	-0.03%
CHWY	B	-0.03%
ROKU	C	-0.03%
ONON	B	-0.03%
TTD	B	-0.03%
AZEK	B	-0.03%
NTRA	B	-0.03%
ACVA	C	-0.03%
W	F	-0.02%
ASND	F	-0.01%
TMDX	F	-0.0%
PINS	F	-0.0%
SE	B	-0.0%