VLU vs. NTSX ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to WisdomTree 90/60 U.S. Balanced Fund (NTSX)

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

$176.18

Average Daily Volume

10,671

Number of Holdings ^*

1422

* may have additional holdings in another (foreign) market

NTSX

WisdomTree 90/60 U.S. Balanced Fund

NTSX Description

The investment seeks total return. The fund is actively managed using a models-based approach. It seeks to achieve its investment objective by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the fund will invest approximately 90% of its net assets in U.S. equity securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.46

Average Daily Volume

64,829

Number of Holdings ^*

491

* may have additional holdings in another (foreign) market

Performance

Period	VLU	NTSX
30 Days	3.88%	3.78%
60 Days	2.00%	-0.80%
90 Days	3.07%	3.50%
12 Months	20.79%	22.69%

434 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in NTSX	Overlap
	A	B	0.04%	0.05%	0.04%
	AAPL	C	2.38%	4.18%	2.38%
	ABBV	B	0.46%	0.43%	0.43%
	ABNB	F	0.06%	0.09%	0.06%
	ABT	A	0.25%	0.26%	0.25%
	ACM	B	0.03%	0.02%	0.02%
	ADBE	B	0.2%	0.31%	0.2%
	ADI	C	0.14%	0.13%	0.13%
	ADM	D	0.27%	0.03%	0.03%
	ADP	B	0.08%	0.14%	0.08%
	ADSK	B	0.03%	0.06%	0.03%
	AEE	A	0.09%	0.03%	0.03%
	AEP	A	0.18%	0.07%	0.07%
	AFL	B	0.23%	0.07%	0.07%
	AIG	D	0.26%	0.07%	0.07%
	AJG	A	0.06%	0.08%	0.06%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	F	0.04%	0.0%	0.0%
	ALGN	F	0.02%	0.01%	0.01%
	ALL	B	0.16%	0.06%	0.06%
	AMAT	F	0.12%	0.19%	0.12%
	AMD	F	0.13%	0.27%	0.13%
	AME	D	0.03%	0.05%	0.03%
	AMGN	C	0.28%	0.22%	0.22%
	AMH	A	0.03%	0.02%	0.02%
	AMP	B	0.1%	0.06%	0.06%
	AMT	A	0.16%	0.11%	0.11%
	AMZN	D	1.86%	2.22%	1.86%
	ANET	D	0.07%	0.12%	0.07%
	ANSS	D	0.02%	0.03%	0.02%
	APD	B	0.14%	0.07%	0.07%
	APH	D	0.06%	0.08%	0.06%
	ARE	D	0.05%	0.01%	0.01%
	ATO	A	0.07%	0.02%	0.02%
	AVB	B	0.07%	0.04%	0.04%
	AVGO	D	0.39%	0.86%	0.39%
	AVY	B	0.02%	0.02%	0.02%
	AWK	A	0.06%	0.02%	0.02%
	AXON	B	0.01%	0.03%	0.01%
	AXP	B	0.33%	0.22%	0.22%
	AZO	B	0.07%	0.06%	0.06%
	BA	F	0.15%	0.11%	0.11%
	BAC	D	1.44%	0.39%	0.39%
	BALL	A	0.05%	0.03%	0.03%
	BAX	A	0.07%	0.03%	0.03%
	BBY	A	0.17%	0.02%	0.02%
	BDX	D	0.09%	0.09%	0.09%
	BEN	F	0.05%	0.02%	0.02%
	BIIB	D	0.1%	0.02%	0.02%
	BK	B	0.27%	0.06%	0.06%
	BKNG	C	0.09%	0.16%	0.09%
	BKR	D	0.1%	0.04%	0.04%
	BLDR	C	0.05%	0.02%	0.02%
	BLK	B	0.2%	0.16%	0.16%
	BMY	B	0.33%	0.11%	0.11%
	BR	C	0.02%	0.03%	0.02%
	BRK.A	B	2.52%	1.25%	1.25%
	BRO	A	0.04%	0.03%	0.03%
	BSX	A	0.11%	0.14%	0.11%
	BX	B	0.11%	0.2%	0.11%
	C	D	1.06%	0.12%	0.12%
	CAG	A	0.08%	0.03%	0.03%
	CAH	A	0.25%	0.03%	0.03%
	CARR	B	0.08%	0.07%	0.07%
	CAT	C	0.22%	0.2%	0.2%
	CBRE	B	0.08%	0.04%	0.04%
	CCI	A	0.11%	0.02%	0.02%
	CDNS	D	0.02%	0.09%	0.02%
	CDW	D	0.04%	0.03%	0.03%
	CE	F	0.04%	0.03%	0.03%
	CEG	D	0.03%	0.07%	0.03%
	CF	B	0.06%	0.01%	0.01%
	CFG	B	0.18%	0.02%	0.02%
	CG	D	0.02%	0.02%	0.02%
	CHD	A	0.03%	0.03%	0.03%
	CHTR	C	0.3%	0.07%	0.07%
	CI	B	0.4%	0.13%	0.13%
	CINF	B	0.07%	0.03%	0.03%
	CL	A	0.11%	0.1%	0.1%
	CLX	A	0.03%	0.02%	0.02%
	CMCSA	C	0.62%	0.16%	0.16%
	CME	A	0.11%	0.1%	0.1%
	CMG	D	0.04%	0.09%	0.04%
	CMI	B	0.12%	0.05%	0.05%
	CMS	A	0.06%	0.02%	0.02%
	CNC	D	0.35%	0.05%	0.05%
	CNP	D	0.07%	0.03%	0.03%
	COF	C	0.49%	0.07%	0.07%
	COP	D	0.42%	0.16%	0.16%
	COST	B	0.3%	0.46%	0.3%
	CPAY	B	0.04%	0.03%	0.03%
	CPB	A	0.05%	0.01%	0.01%
	CPRT	D	0.03%	0.06%	0.03%
	CRM	D	0.22%	0.31%	0.22%
	CSCO	B	0.46%	0.26%	0.26%
	CSGP	C	0.03%	0.03%	0.03%
	CSL	C	0.02%	0.02%	0.02%
	CSX	D	0.11%	0.09%	0.09%
	CTAS	B	0.04%	0.09%	0.04%
	CTRA	F	0.06%	0.0%	0.0%
	CTSH	B	0.11%	0.05%	0.05%
	CTVA	B	0.09%	0.05%	0.05%
	CVS	F	0.66%	0.06%	0.06%
	CVX	F	1.27%	0.33%	0.33%
	D	A	0.25%	0.02%	0.02%
	DAL	D	0.25%	0.04%	0.04%
	DD	C	0.18%	0.05%	0.05%
	DE	B	0.22%	0.14%	0.14%
	DECK	C	0.02%	0.02%	0.02%
	DFS	C	0.13%	0.04%	0.04%
	DG	F	0.05%	0.0%	0.0%
	DGX	B	0.06%	0.02%	0.02%
	DHI	B	0.13%	0.07%	0.07%
	DHR	B	0.13%	0.23%	0.13%
	DIS	F	0.26%	0.15%	0.15%
	DLR	D	0.04%	0.06%	0.04%
	DLTR	F	0.04%	0.03%	0.03%
	DOV	C	0.03%	0.03%	0.03%
	DOW	D	0.19%	0.03%	0.03%
	DPZ	D	0.01%	0.02%	0.01%
	DRI	A	0.04%	0.03%	0.03%
	DT	A	0.01%	0.02%	0.01%
	DTE	B	0.1%	0.04%	0.04%
	DUK	A	0.36%	0.11%	0.11%
	DVN	F	0.14%	0.05%	0.05%
	DXCM	F	0.01%	0.02%	0.01%
	EA	C	0.05%	0.04%	0.04%
	EBAY	A	0.09%	0.03%	0.03%
	ECL	B	0.05%	0.08%	0.05%
	ED	A	0.14%	0.04%	0.04%
	EFX	B	0.02%	0.04%	0.02%
	EIX	A	0.11%	0.04%	0.04%
	EL	F	0.05%	0.01%	0.01%
	ELS	A	0.02%	0.02%	0.02%
	ELV	B	0.42%	0.16%	0.16%
	EMR	D	0.13%	0.07%	0.07%
	ENPH	D	0.01%	0.01%	0.01%
	EOG	D	0.23%	0.09%	0.09%
	EPAM	C	0.01%	0.0%	0.0%
	EQIX	B	0.07%	0.09%	0.07%
	EQR	B	0.09%	0.04%	0.04%
	EQT	D	0.1%	0.01%	0.01%
	ERIE	A	0.02%	0.02%	0.02%
	ES	A	0.09%	0.01%	0.01%
	ESS	B	0.05%	0.02%	0.02%
	ETR	A	0.14%	0.03%	0.03%
	EVRG	A	0.07%	0.04%	0.04%
	EW	F	0.04%	0.05%	0.04%
	EXC	A	0.2%	0.06%	0.06%
	EXPD	D	0.04%	0.02%	0.02%
	EXPE	C	0.04%	0.02%	0.02%
	EXR	B	0.05%	0.05%	0.05%
	F	D	0.38%	0.06%	0.06%
	FANG	D	0.11%	0.04%	0.04%
	FAST	D	0.03%	0.04%	0.03%
	FCX	D	0.08%	0.08%	0.08%
	FDS	C	0.01%	0.02%	0.01%
	FDX	D	0.26%	0.09%	0.09%
	FE	A	0.07%	0.03%	0.03%
	FICO	A	0.01%	0.05%	0.01%
	FIS	A	0.11%	0.07%	0.07%
	FITB	B	0.11%	0.03%	0.03%
	FNF	B	0.08%	0.02%	0.02%
	FOXA	B	0.09%	0.03%	0.03%
	FSLR	C	0.03%	0.03%	0.03%
	FTNT	B	0.04%	0.07%	0.04%
	FTV	D	0.03%	0.04%	0.03%
	GD	B	0.2%	0.09%	0.09%
	GDDY	C	0.03%	0.02%	0.02%
	GE	C	0.26%	0.21%	0.21%
	GEHC	B	0.03%	0.05%	0.03%
	GGG	D	0.01%	0.02%	0.01%
	GILD	A	0.32%	0.12%	0.12%
	GIS	A	0.13%	0.05%	0.05%
	GLPI	A	0.05%	0.03%	0.03%
	GLW	C	0.09%	0.04%	0.04%
	GM	B	0.5%	0.08%	0.08%
	GOOGL	D	0.7%	2.43%	0.7%
	GPC	D	0.06%	0.03%	0.03%
	GPN	C	0.06%	0.02%	0.02%
	GS	C	0.52%	0.19%	0.19%
	GWW	C	0.05%	0.05%	0.05%
	H	C	0.02%	0.02%	0.02%
	HAL	F	0.08%	0.04%	0.04%
	HBAN	B	0.11%	0.02%	0.02%
	HCA	B	0.23%	0.12%	0.12%
	HD	B	0.49%	0.43%	0.43%
	HES	F	0.06%	0.05%	0.05%
	HIG	B	0.14%	0.04%	0.04%
	HLT	C	0.02%	0.07%	0.02%
	HOLX	A	0.03%	0.02%	0.02%
	HON	D	0.21%	0.15%	0.15%
	HPE	D	0.21%	0.03%	0.03%
	HPQ	D	0.27%	0.05%	0.05%
	HRL	A	0.08%	0.03%	0.03%
	HST	D	0.04%	0.02%	0.02%
	HSY	A	0.07%	0.06%	0.06%
	HUBB	C	0.02%	0.02%	0.02%
	HUM	D	0.23%	0.04%	0.04%
	HWM	B	0.04%	0.05%	0.04%
	IBM	A	0.43%	0.22%	0.22%
	ICE	A	0.12%	0.11%	0.11%
	IDXX	D	0.02%	0.05%	0.02%
	IEX	D	0.01%	0.01%	0.01%
	IFF	A	0.06%	0.01%	0.01%
	ILMN	B	0.03%	0.01%	0.01%
	INCY	C	0.02%	0.03%	0.02%
	INTC	F	0.27%	0.08%	0.08%
	INTU	D	0.06%	0.22%	0.06%
	INVH	B	0.05%	0.03%	0.03%
	IP	B	0.15%	0.02%	0.02%
	IPG	B	0.04%	0.03%	0.03%
	IQV	B	0.06%	0.06%	0.06%
	IR	D	0.02%	0.04%	0.02%
	IRM	B	0.04%	0.04%	0.04%
	ISRG	B	0.1%	0.2%	0.1%
	IT	B	0.03%	0.04%	0.03%
	ITW	C	0.09%	0.09%	0.09%
	J	C	0.04%	0.02%	0.02%
	JBHT	C	0.03%	0.01%	0.01%
	JBL	F	0.04%	0.02%	0.02%
	JNJ	B	0.89%	0.48%	0.48%
	JPM	B	1.45%	0.76%	0.76%
	K	A	0.08%	0.03%	0.03%
	KDP	A	0.13%	0.06%	0.06%
	KEY	B	0.14%	0.02%	0.02%
	KEYS	C	0.03%	0.03%	0.03%
	KHC	A	0.26%	0.03%	0.03%
	KIM	A	0.04%	0.03%	0.03%
	KLAC	D	0.06%	0.12%	0.06%
	KMB	A	0.12%	0.06%	0.06%
	KMI	B	0.38%	0.05%	0.05%
	KO	B	0.44%	0.37%	0.37%
	KR	C	0.32%	0.04%	0.04%
	KVUE	A	0.23%	0.05%	0.05%
	L	B	0.13%	0.02%	0.02%
	LDOS	B	0.05%	0.03%	0.03%
	LEN	B	0.15%	0.06%	0.06%
	LHX	C	0.1%	0.05%	0.05%
	LII	C	0.02%	0.02%	0.02%
	LKQ	D	0.04%	0.02%	0.02%
	LLY	B	0.24%	1.1%	0.24%
	LMT	A	0.36%	0.16%	0.16%
	LNT	A	0.04%	0.02%	0.02%
	LOW	B	0.22%	0.17%	0.17%
	LRCX	F	0.08%	0.13%	0.08%
	LUV	A	0.16%	0.01%	0.01%
	LVS	D	0.06%	0.02%	0.02%
	LW	D	0.01%	0.0%	0.0%
	LYV	D	0.03%	0.03%	0.03%
	MA	B	0.13%	0.57%	0.13%
	MAA	B	0.04%	0.02%	0.02%
	MANH	B	0.0%	0.02%	0.0%
	MAR	D	0.08%	0.08%	0.08%
	MAS	B	0.03%	0.02%	0.02%
	MCD	A	0.16%	0.25%	0.16%
	MCHP	D	0.05%	0.06%	0.05%
	MCK	D	0.35%	0.09%	0.09%
	MCO	B	0.04%	0.1%	0.04%
	MDLZ	A	0.22%	0.13%	0.13%
	MET	B	0.42%	0.08%	0.08%
	META	C	1.67%	1.61%	1.61%
	MGM	F	0.05%	0.03%	0.03%
	MKC	A	0.05%	0.03%	0.03%
	MLM	D	0.03%	0.04%	0.03%
	MMC	A	0.13%	0.14%	0.13%
	MMM	B	0.29%	0.09%	0.09%
	MNST	D	0.05%	0.07%	0.05%
	MO	A	0.37%	0.11%	0.11%
	MOH	C	0.04%	0.03%	0.03%
	MORN	C	0.01%	0.02%	0.01%
	MOS	F	0.08%	0.02%	0.02%
	MPC	D	0.54%	0.08%	0.08%
	MPWR	C	0.01%	0.05%	0.01%
	MRK	D	0.39%	0.36%	0.36%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	C	0.08%	0.02%	0.02%
	MS	C	0.5%	0.2%	0.2%
	MSCI	B	0.01%	0.06%	0.01%
	MSFT	D	1.47%	3.75%	1.47%
	MSI	B	0.04%	0.08%	0.04%
	MTB	B	0.15%	0.03%	0.03%
	MTD	C	0.02%	0.03%	0.02%
	MU	F	0.13%	0.13%	0.13%
	NDAQ	A	0.07%	0.05%	0.05%
	NDSN	C	0.02%	0.02%	0.02%
	NEE	A	0.38%	0.19%	0.19%
	NEM	B	0.18%	0.07%	0.07%
	NFLX	B	0.17%	0.37%	0.17%
	NKE	C	0.13%	0.15%	0.13%
	NOC	B	0.16%	0.09%	0.09%
	NOW	B	0.06%	0.21%	0.06%
	NSC	B	0.13%	0.08%	0.08%
	NTAP	D	0.04%	0.03%	0.03%
	NTRS	B	0.07%	0.03%	0.03%
	NUE	F	0.11%	0.05%	0.05%
	NVDA	D	0.29%	3.29%	0.29%
	NVR	B	0.06%	0.03%	0.03%
	NWSA	C	0.03%	0.02%	0.02%
	O	A	0.13%	0.07%	0.07%
	OC	D	0.04%	0.02%	0.02%
	ODFL	D	0.03%	0.05%	0.03%
	OKE	A	0.12%	0.07%	0.07%
	OMC	B	0.07%	0.03%	0.03%
	ON	D	0.05%	0.04%	0.04%
	ORCL	A	0.36%	0.46%	0.36%
	ORLY	B	0.08%	0.08%	0.08%
	OTIS	D	0.03%	0.05%	0.03%
	OVV	F	0.09%	0.02%	0.02%
	OXY	F	0.19%	0.07%	0.07%
	PANW	B	0.06%	0.14%	0.06%
	PAYX	B	0.05%	0.06%	0.05%
	PCAR	D	0.11%	0.06%	0.06%
	PCG	A	0.13%	0.06%	0.06%
	PEG	B	0.13%	0.05%	0.05%
	PEP	A	0.39%	0.28%	0.28%
	PFE	D	0.85%	0.15%	0.15%
	PFG	D	0.16%	0.03%	0.03%
	PG	A	0.53%	0.51%	0.51%
	PGR	A	0.19%	0.17%	0.17%
	PH	B	0.08%	0.09%	0.08%
	PHM	B	0.06%	0.03%	0.03%
	PKG	B	0.04%	0.02%	0.02%
	PLD	B	0.16%	0.12%	0.12%
	PM	A	0.58%	0.23%	0.23%
	PNC	B	0.38%	0.08%	0.08%
	PODD	A	0.01%	0.02%	0.01%
	POOL	C	0.01%	0.02%	0.01%
	PPG	D	0.07%	0.06%	0.06%
	PPL	A	0.09%	0.03%	0.03%
	PRU	C	0.39%	0.06%	0.06%
	PSA	A	0.07%	0.07%	0.07%
	PSX	D	0.5%	0.07%	0.07%
	PTC	D	0.02%	0.02%	0.02%
	PWR	C	0.03%	0.04%	0.03%
	PYPL	B	0.17%	0.05%	0.05%
	QCOM	F	0.23%	0.22%	0.22%
	REGN	B	0.15%	0.15%	0.15%
	RF	B	0.11%	0.03%	0.03%
	RJF	D	0.05%	0.03%	0.03%
	RMD	A	0.03%	0.04%	0.03%
	ROK	D	0.04%	0.04%	0.04%
	ROL	B	0.01%	0.03%	0.01%
	ROP	C	0.05%	0.07%	0.05%
	ROST	B	0.07%	0.06%	0.06%
	RPM	A	0.02%	0.01%	0.01%
	RS	D	0.05%	0.01%	0.01%
	RSG	B	0.09%	0.06%	0.06%
	RTX	B	0.48%	0.21%	0.21%
	SBAC	A	0.02%	0.01%	0.01%
	SBUX	B	0.14%	0.13%	0.13%
	SCHW	D	0.22%	0.14%	0.14%
	SHW	B	0.06%	0.11%	0.06%
	SJM	A	0.05%	0.01%	0.01%
	SMCI	F	0.01%	0.01%	0.01%
	SNA	D	0.03%	0.02%	0.02%
	SNPS	D	0.04%	0.09%	0.04%
	SO	A	0.32%	0.12%	0.12%
	SOLV	B	0.01%	0.01%	0.01%
	SPG	B	0.06%	0.07%	0.06%
	SPGI	A	0.13%	0.2%	0.13%
	SRE	B	0.17%	0.07%	0.07%
	STLD	D	0.07%	0.02%	0.02%
	STT	B	0.13%	0.03%	0.03%
	STZ	B	0.05%	0.06%	0.05%
	SWK	B	0.06%	0.02%	0.02%
	SWKS	D	0.05%	0.01%	0.01%
	SYF	C	0.18%	0.02%	0.02%
	SYK	A	0.09%	0.17%	0.09%
	SYY	A	0.13%	0.05%	0.05%
	T	A	1.35%	0.16%	0.16%
	TAP	C	0.09%	0.02%	0.02%
	TDG	B	0.02%	0.09%	0.02%
	TDY	B	0.03%	0.03%	0.03%
	TER	D	0.02%	0.02%	0.02%
	TFC	B	0.52%	0.08%	0.08%
	TGT	B	0.23%	0.06%	0.06%
	TJX	B	0.17%	0.16%	0.16%
	TMO	A	0.18%	0.3%	0.18%
	TMUS	B	0.41%	0.3%	0.3%
	TRGP	A	0.07%	0.04%	0.04%
	TROW	D	0.07%	0.04%	0.04%
	TRV	A	0.17%	0.06%	0.06%
	TSCO	B	0.04%	0.03%	0.03%
	TSLA	D	0.48%	0.83%	0.48%
	TSN	A	0.17%	0.03%	0.03%
	TTWO	B	0.02%	0.04%	0.02%
	TXN	C	0.25%	0.21%	0.21%
	TXT	D	0.04%	0.02%	0.02%
	TYL	A	0.02%	0.03%	0.02%
	UAL	C	0.13%	0.03%	0.03%
	UBER	B	0.08%	0.18%	0.08%
	ULTA	D	0.03%	0.02%	0.02%
	UNH	A	1.22%	0.68%	0.68%
	UNP	B	0.25%	0.18%	0.18%
	UPS	F	0.37%	0.14%	0.14%
	URI	C	0.06%	0.05%	0.05%
	USB	B	0.37%	0.06%	0.06%
	V	A	0.4%	0.72%	0.4%
	VICI	A	0.1%	0.05%	0.05%
	VLO	D	0.4%	0.06%	0.06%
	VLTO	B	0.02%	0.03%	0.02%
	VMC	D	0.03%	0.04%	0.03%
	VRSK	C	0.01%	0.05%	0.01%
	VRSN	C	0.02%	0.01%	0.01%
	VRTX	D	0.11%	0.15%	0.11%
	VST	C	0.06%	0.03%	0.03%
	VTR	A	0.08%	0.03%	0.03%
	VZ	B	1.58%	0.18%	0.18%
	WAB	B	0.04%	0.04%	0.04%
	WAT	B	0.02%	0.02%	0.02%
	WBA	F	0.06%	0.02%	0.02%
	WBD	D	0.15%	0.01%	0.01%
	WDC	D	0.05%	0.03%	0.03%
	WEC	A	0.1%	0.04%	0.04%
	WELL	A	0.12%	0.08%	0.08%
	WFC	D	1.05%	0.26%	0.26%
	WLK	D	0.04%	0.03%	0.03%
	WM	D	0.1%	0.09%	0.09%
	WMB	B	0.16%	0.06%	0.06%
	WMT	A	1.73%	0.74%	0.74%
	WPC	A	0.05%	0.02%	0.02%
	WRB	B	0.05%	0.02%	0.02%
	WSM	D	0.02%	0.02%	0.02%
	WSO	D	0.03%	0.02%	0.02%
	WST	D	0.01%	0.03%	0.01%
	WY	C	0.07%	0.02%	0.02%
	XEL	A	0.14%	0.03%	0.03%
	XOM	C	2.02%	0.63%	0.63%
	XYL	D	0.03%	0.04%	0.03%
	YUM	B	0.03%	0.04%	0.03%
	ZBH	D	0.05%	0.02%	0.02%
	ZBRA	C	0.02%	0.02%	0.02%
	ZTS	A	0.05%	0.11%	0.05%

VLU Overweight 988 Positions Relative to NTSX

	Symbol	Grade	Weight
	GOOG	D	1.14%
	CB	A	0.39%
	MDT	A	0.35%
	ACN	A	0.31%
	LYB	D	0.22%
	LIN	B	0.21%
	SW	D	0.21%
	CCL	D	0.15%
	SLB	F	0.14%
	ACGL	B	0.14%
	JCI	C	0.14%
	VTRS	C	0.13%
	RGA	B	0.13%
	BG	D	0.13%
	ALLY	C	0.1%
	TEL	C	0.1%
	PFGC	B	0.1%
	ETN	D	0.1%
	EG	B	0.09%
	UNM	B	0.09%
	CHRD	F	0.08%
	NXPI	D	0.08%
	AFG	A	0.08%
	SNX	D	0.08%
	APTV	D	0.07%
	CMA	B	0.07%
	EQH	C	0.07%
	IVZ	C	0.07%
	WTW	A	0.07%
	BWA	D	0.07%
	USFD	B	0.07%
	LAD	C	0.07%
	AON	A	0.07%
	MHK	B	0.07%
	TT	B	0.07%
	CHK	F	0.07%
	DVA	B	0.07%
	BXP	A	0.06%
	UHS	B	0.06%
	LEA	F	0.06%
	NI	A	0.06%
	X	F	0.06%
	SWN	F	0.06%
	GRMN	B	0.06%
	RCL	C	0.06%
	ZION	C	0.06%
	CHRW	B	0.06%
	ARW	B	0.06%
	AAL	C	0.06%
	AMCR	B	0.06%
	DINO	F	0.06%
	THC	B	0.06%
	EWBC	C	0.05%
	PARA	F	0.05%
	EMN	C	0.05%
	COLB	B	0.05%
	FHN	C	0.05%
	MUR	F	0.05%
	UGI	C	0.05%
	JLL	B	0.05%
	CIVI	F	0.05%
	TOL	B	0.05%
	AES	D	0.05%
	LNC	C	0.05%
	ORI	B	0.05%
	WHR	D	0.05%
	VNO	B	0.05%
	NRG	C	0.05%
	APA	F	0.05%
	OGN	C	0.05%
	KMX	C	0.05%
	JEF	B	0.05%
	ARMK	A	0.05%
	DOC	B	0.05%
	PNW	A	0.05%
	VFC	B	0.05%
	STWD	C	0.05%
	COOP	B	0.05%
	LUMN	B	0.05%
	JXN	C	0.05%
	R	C	0.05%
	RNR	A	0.05%
	DXC	A	0.04%
	OGS	B	0.04%
	INGR	A	0.04%
	FAF	A	0.04%
	CCK	A	0.04%
	TMHC	B	0.04%
	TKO	B	0.04%
	KRC	B	0.04%
	M	F	0.04%
	UTHR	B	0.04%
	DKS	C	0.04%
	BKH	A	0.04%
	AR	F	0.04%
	CNX	B	0.04%
	MUSA	B	0.04%
	WU	C	0.04%
	VOYA	B	0.04%
	OHI	A	0.04%
	AN	C	0.04%
	OZK	D	0.04%
	CPT	B	0.04%
	REG	A	0.04%
	AIZ	B	0.04%
	FYBR	A	0.04%
	BERY	B	0.04%
	AL	D	0.04%
	GAP	F	0.04%
	AVT	C	0.04%
	ABG	D	0.04%
	ALK	D	0.04%
	GPI	B	0.04%
	STX	D	0.04%
	JHG	B	0.04%
	IBKR	B	0.04%
	FOX	B	0.04%
	SM	D	0.03%
	PENN	F	0.03%
	CALM	B	0.03%
	CLH	C	0.03%
	CUBE	A	0.03%
	BHF	D	0.03%
	CUZ	A	0.03%
	MLI	B	0.03%
	GHC	C	0.03%
	FLR	C	0.03%
	NOV	F	0.03%
	HWC	C	0.03%
	CZR	D	0.03%
	MDU	D	0.03%
	XPO	D	0.03%
	LULU	F	0.03%
	BIO	A	0.03%
	APLE	F	0.03%
	FNB	C	0.03%
	RL	A	0.03%
	MTG	B	0.03%
	RRC	F	0.03%
	HCC	F	0.03%
	PK	D	0.03%
	BRX	A	0.03%
	DEI	B	0.03%
	BKU	B	0.03%
	CNK	A	0.03%
	HP	F	0.03%
	NXST	D	0.03%
	HOG	B	0.03%
	BURL	B	0.03%
	KD	D	0.03%
	HRB	B	0.03%
	AMKR	F	0.03%
	CATY	B	0.03%
	RDN	B	0.03%
	SON	A	0.03%
	PAG	C	0.03%
	BXMT	C	0.03%
	NFG	B	0.03%
	PB	B	0.03%
	SF	C	0.03%
	NNN	A	0.03%
	MPW	C	0.03%
	NWL	A	0.03%
	JNPR	A	0.03%
	AGCO	F	0.03%
	THO	C	0.03%
	HSIC	C	0.03%
	GPK	B	0.03%
	WTRG	D	0.03%
	AA	F	0.03%
	SKX	B	0.03%
	HAS	B	0.03%
	ASB	C	0.03%
	OGE	B	0.03%
	NOG	D	0.03%
	CMC	D	0.03%
	BJ	D	0.03%
	FMC	C	0.03%
	ONB	C	0.03%
	GNW	B	0.03%
	UDR	B	0.03%
	POST	B	0.03%
	TPR	B	0.03%
	CNXC	C	0.03%
	MAN	D	0.03%
	HII	B	0.03%
	PBF	F	0.03%
	ABM	C	0.03%
	KNX	D	0.03%
	CBOE	A	0.03%
	WBS	D	0.03%
	SANM	D	0.03%
	HIW	B	0.03%
	CACI	B	0.03%
	CASY	C	0.03%
	SNV	C	0.03%
	CNO	B	0.03%
	VLY	C	0.03%
	GL	B	0.03%
	WCC	D	0.03%
	NJR	A	0.02%
	MCY	B	0.02%
	SLM	D	0.02%
	GBX	D	0.02%
	CPRI	C	0.02%
	KBR	C	0.02%
	LBRT	D	0.02%
	COLM	B	0.02%
	NVT	F	0.02%
	SPNT	B	0.02%
	VVV	D	0.02%
	AXTA	C	0.02%
	ASH	D	0.02%
	NWBI	B	0.02%
	ALLE	B	0.02%
	MIDD	D	0.02%
	ABCB	B	0.02%
	FRT	A	0.02%
	ASO	C	0.02%
	EXEL	B	0.02%
	PDCO	F	0.02%
	AVA	B	0.02%
	GEF	D	0.02%
	ANDE	D	0.02%
	FULT	C	0.02%
	BYD	B	0.02%
	BLD	D	0.02%
	SIGI	D	0.02%
	BHE	C	0.02%
	STAG	B	0.02%
	RUSHA	C	0.02%
	BCC	C	0.02%
	AOS	D	0.02%
	RRX	D	0.02%
	MSM	D	0.02%
	SKYW	D	0.02%
	GEO	D	0.02%
	MTCH	B	0.02%
	TKR	D	0.02%
	TTEK	B	0.02%
	CBT	B	0.02%
	MMS	C	0.02%
	SLG	B	0.02%
	FR	B	0.02%
	KAR	D	0.02%
	CRUS	C	0.02%
	MTN	C	0.02%
	CRC	D	0.02%
	GBCI	B	0.02%
	VSCO	A	0.02%
	CIEN	B	0.02%
	RUN	B	0.02%
	GXO	D	0.02%
	GNL	A	0.02%
	KRG	B	0.02%
	WYNN	D	0.02%
	AGO	D	0.02%
	JBGS	B	0.02%
	JBLU	D	0.02%
	MHO	B	0.02%
	WWD	D	0.02%
	NATL	D	0.02%
	OI	C	0.02%
	UMBF	B	0.02%
	IDA	A	0.02%
	NWE	A	0.02%
	BANC	B	0.02%
	ATI	C	0.02%
	REXR	B	0.02%
	BC	D	0.02%
	AUB	B	0.02%
	MATX	C	0.02%
	PPC	B	0.02%
	COTY	F	0.02%
	SIG	F	0.02%
	EVR	B	0.02%
	FLO	A	0.02%
	CROX	C	0.02%
	ST	D	0.02%
	TFX	A	0.02%
	VSTS	C	0.02%
	POR	B	0.02%
	BANR	B	0.02%
	PRI	B	0.02%
	CRS	B	0.02%
	CW	B	0.02%
	ADNT	F	0.02%
	GNRC	C	0.02%
	MLKN	D	0.02%
	PNM	A	0.02%
	SWX	D	0.02%
	TRMB	D	0.02%
	SR	B	0.02%
	ALE	A	0.02%
	PNR	B	0.02%
	VGR	B	0.02%
	TCBI	A	0.02%
	RNST	C	0.02%
	FHB	C	0.02%
	AVNT	B	0.02%
	RHI	D	0.02%
	PVH	F	0.02%
	AM	C	0.02%
	BBWI	F	0.02%
	GME	C	0.02%
	HOMB	B	0.02%
	WFRD	F	0.02%
	IBTX	B	0.02%
	OLN	F	0.02%
	CBSH	B	0.02%
	IBOC	C	0.02%
	ENVA	B	0.02%
	URBN	D	0.02%
	KSS	F	0.02%
	PRGO	C	0.02%
	ARCH	F	0.02%
	UFPI	D	0.02%
	KEX	D	0.02%
	EHC	B	0.02%
	SNEX	C	0.02%
	CFR	C	0.02%
	CWEN	B	0.02%
	G	B	0.02%
	THG	A	0.02%
	FFIV	B	0.02%
	SAIC	B	0.02%
	SBRA	A	0.02%
	TDS	B	0.02%
	SLGN	B	0.02%
	OSK	D	0.02%
	BTU	D	0.02%
	FL	D	0.02%
	TPH	B	0.02%
	COHR	C	0.02%
	AAP	F	0.02%
	PFS	B	0.02%
	SEM	D	0.02%
	HBI	B	0.02%
	JWN	A	0.02%
	WAFD	B	0.02%
	DTM	B	0.02%
	FFBC	B	0.02%
	EME	C	0.02%
	GT	F	0.02%
	ADC	A	0.02%
	ESNT	B	0.02%
	NSIT	C	0.02%
	CEIX	D	0.02%
	ABR	B	0.02%
	CWK	B	0.02%
	LNW	B	0.02%
	PII	D	0.02%
	AMG	C	0.02%
	MTH	B	0.02%
	UBSI	B	0.02%
	JAZZ	D	0.02%
	PR	D	0.02%
	CLF	F	0.02%
	WTFC	B	0.02%
	LAMR	B	0.02%
	PRG	B	0.02%
	COKE	B	0.02%
	CADE	C	0.02%
	KBH	B	0.02%
	QRVO	D	0.02%
	SFM	B	0.02%
	SFNC	B	0.02%
	SCI	B	0.02%
	TRN	C	0.02%
	NCLH	D	0.02%
	SSB	B	0.02%
	MTZ	C	0.02%
	SATS	A	0.02%
	PNFP	B	0.02%
	TGNA	D	0.02%
	ALV	D	0.02%
	DAR	D	0.02%
	CR	C	0.02%
	STE	A	0.02%
	MTDR	F	0.02%
	CSR	B	0.01%
	SCL	D	0.01%
	JBT	F	0.01%
	MCRI	A	0.01%
	BFS	B	0.01%
	HAE	F	0.01%
	GES	F	0.01%
	XHR	D	0.01%
	MD	B	0.01%
	NGVT	F	0.01%
	ALEX	B	0.01%
	GDOT	B	0.01%
	BRKR	C	0.01%
	AZZ	C	0.01%
	GO	F	0.01%
	CVLT	B	0.01%
	NBHC	B	0.01%
	KNF	C	0.01%
	MSA	D	0.01%
	AMWD	D	0.01%
	RDNT	B	0.01%
	CHE	C	0.01%
	CHH	C	0.01%
	ESE	C	0.01%
	AAT	B	0.01%
	MMI	B	0.01%
	AWR	B	0.01%
	KREF	A	0.01%
	CUBI	F	0.01%
	PAYC	D	0.01%
	RES	F	0.01%
	BGS	C	0.01%
	HCSG	D	0.01%
	CHCO	B	0.01%
	EXP	B	0.01%
	GFF	D	0.01%
	VIR	F	0.01%
	MRCY	B	0.01%
	MYGN	B	0.01%
	TDC	F	0.01%
	EZPW	B	0.01%
	SAFT	B	0.01%
	UCTT	F	0.01%
	ZD	F	0.01%
	FIZZ	D	0.01%
	AIN	D	0.01%
	DRH	D	0.01%
	SBSI	B	0.01%
	DNOW	D	0.01%
	CHEF	B	0.01%
	FORM	F	0.01%
	FSS	D	0.01%
	HWKN	B	0.01%
	SMPL	D	0.01%
	OLED	D	0.01%
	LGND	B	0.01%
	WRLD	D	0.01%
	PLAB	F	0.01%
	HLX	D	0.01%
	HQY	D	0.01%
	INN	B	0.01%
	AWI	C	0.01%
	PCTY	C	0.01%
	EFC	B	0.01%
	RCM	B	0.01%
	TPX	D	0.01%
	CPK	A	0.01%
	HPP	D	0.01%
	STRA	D	0.01%
	TMP	B	0.01%
	BKE	B	0.01%
	SKT	A	0.01%
	SYNA	F	0.01%
	CWT	B	0.01%
	BRBR	A	0.01%
	MODG	F	0.01%
	CFFN	C	0.01%
	CARG	B	0.01%
	GTY	B	0.01%
	YELP	F	0.01%
	GTLS	F	0.01%
	SBCF	B	0.01%
	KALU	F	0.01%
	EGBN	C	0.01%
	ASIX	B	0.01%
	HXL	F	0.01%
	CVI	F	0.01%
	MASI	D	0.01%
	NVRI	C	0.01%
	CGNX	D	0.01%
	TREX	F	0.01%
	KN	D	0.01%
	KLIC	F	0.01%
	SHO	D	0.01%
	MMSI	A	0.01%
	MEDP	D	0.01%
	EIG	B	0.01%
	EPC	C	0.01%
	RGEN	C	0.01%
	MGEE	B	0.01%
	DAY	C	0.01%
	JJSF	C	0.01%
	PJT	C	0.01%
	SVC	D	0.01%
	CVCO	B	0.01%
	SXC	F	0.01%
	CAL	B	0.01%
	FELE	D	0.01%
	MNRO	D	0.01%
	BDC	B	0.01%
	CASH	A	0.01%
	MC	B	0.01%
	HAIN	B	0.01%
	B	D	0.01%
	RYN	B	0.01%
	NHC	B	0.01%
	KWR	D	0.01%
	ENR	B	0.01%
	ONTO	D	0.01%
	OSIS	C	0.01%
	OUT	B	0.01%
	NOVT	C	0.01%
	ALKS	B	0.01%
	NBR	F	0.01%
	CPF	B	0.01%
	EXLS	B	0.01%
	SCHL	D	0.01%
	PLUS	B	0.01%
	IPGP	F	0.01%
	TBBK	B	0.01%
	AMED	B	0.01%
	FCPT	A	0.01%
	IBP	D	0.01%
	OII	C	0.01%
	IOSP	D	0.01%
	LANC	D	0.01%
	VNT	F	0.01%
	MTSI	D	0.01%
	ROIC	B	0.01%
	DOCS	B	0.01%
	WEN	C	0.01%
	DORM	B	0.01%
	ARCB	F	0.01%
	THS	A	0.01%
	CBRL	F	0.01%
	PUMP	F	0.01%
	BOOT	B	0.01%
	AVAV	B	0.01%
	AROC	D	0.01%
	STC	B	0.01%
	LGIH	C	0.01%
	BRKL	B	0.01%
	AXL	F	0.01%
	KELYA	D	0.01%
	HI	F	0.01%
	WD	B	0.01%
	UE	B	0.01%
	VC	F	0.01%
	OMCL	A	0.01%
	FTDR	B	0.01%
	EXPI	F	0.01%
	DCOM	B	0.01%
	CWEN	B	0.01%
	HALO	B	0.01%
	BCPC	C	0.01%
	FND	C	0.01%
	LTC	A	0.01%
	BWXT	C	0.01%
	BLMN	F	0.01%
	SSD	D	0.01%
	FBK	B	0.01%
	DLX	D	0.01%
	SCVL	B	0.01%
	HASI	B	0.01%
	ENOV	D	0.01%
	ICUI	B	0.01%
	SFBS	B	0.01%
	AHCO	A	0.01%
	SPTN	A	0.01%
	HMN	B	0.01%
	ORA	C	0.01%
	LXP	B	0.01%
	FCF	B	0.01%
	SAIA	D	0.01%
	CRK	D	0.01%
	KMT	D	0.01%
	MATV	B	0.01%
	FWRD	D	0.01%
	RH	F	0.01%
	MTX	D	0.01%
	SHOO	C	0.01%
	SXT	C	0.01%
	WGO	D	0.01%
	VSTO	C	0.01%
	APAM	D	0.01%
	NPO	D	0.01%
	UNF	C	0.01%
	PHIN	B	0.01%
	UNFI	A	0.01%
	NBIX	D	0.01%
	RWT	B	0.01%
	CRI	C	0.01%
	ANF	D	0.01%
	OFG	B	0.01%
	WMS	D	0.01%
	ODP	F	0.01%
	AKR	B	0.01%
	GVA	B	0.01%
	CHX	D	0.01%
	DLB	F	0.01%
	ETSY	F	0.01%
	CNM	F	0.01%
	PIPR	B	0.01%
	OTTR	D	0.01%
	MKSI	F	0.01%
	NSP	F	0.01%
	CAKE	C	0.01%
	IDCC	B	0.01%
	WTS	D	0.01%
	NWS	C	0.01%
	TTMI	D	0.01%
	ITGR	A	0.01%
	IRT	B	0.01%
	DIOD	F	0.01%
	HGV	D	0.01%
	WS	D	0.01%
	PINC	A	0.01%
	BDN	B	0.01%
	WWW	A	0.01%
	SABR	F	0.01%
	SAH	C	0.01%
	PCH	C	0.01%
	CENTA	D	0.01%
	LNTH	C	0.01%
	PATK	B	0.01%
	CNXN	B	0.01%
	LOPE	D	0.01%
	PRK	B	0.01%
	PECO	A	0.01%
	NEU	D	0.01%
	ITRI	D	0.01%
	BHLB	B	0.01%
	RXO	D	0.01%
	BRC	B	0.01%
	BOH	B	0.01%
	RLI	B	0.01%
	LZB	C	0.01%
	WH	A	0.01%
	LRN	B	0.01%
	XRX	D	0.01%
	AMN	F	0.01%
	OLLI	D	0.01%
	MAT	C	0.01%
	SHC	A	0.01%
	FFIN	B	0.01%
	STBA	B	0.01%
	ENSG	B	0.01%
	TEX	D	0.01%
	GMS	D	0.01%
	CCS	B	0.01%
	WSFS	C	0.01%
	NYT	C	0.01%
	PSTG	F	0.01%
	SCSC	C	0.01%
	PBH	A	0.01%
	NBTB	B	0.01%
	RBC	C	0.01%
	FHI	B	0.01%
	PARR	F	0.01%
	KLG	B	0.01%
	CTRE	A	0.01%
	FN	C	0.01%
	LECO	F	0.01%
	PBI	C	0.01%
	EGP	B	0.01%
	XRAY	D	0.01%
	BGC	B	0.01%
	NSA	A	0.01%
	MKTX	A	0.01%
	SBH	B	0.01%
	LPG	F	0.01%
	SMG	C	0.01%
	LCII	B	0.01%
	FIX	C	0.01%
	LITE	C	0.01%
	FDP	B	0.01%
	TTC	D	0.01%
	FUL	C	0.01%
	OMI	C	0.01%
	VSAT	D	0.01%
	OPCH	A	0.01%
	AEO	D	0.01%
	ECPG	C	0.01%
	KW	B	0.01%
	ACA	D	0.01%
	VAL	F	0.01%
	AYI	C	0.01%
	WERN	D	0.01%
	CCOI	A	0.01%
	TRMK	B	0.01%
	NVST	C	0.01%
	ACIW	B	0.01%
	PSMT	B	0.01%
	AIT	C	0.01%
	CBU	B	0.01%
	EPR	B	0.01%
	DAN	F	0.01%
	AMR	F	0.01%
	LSTR	D	0.01%
	GIII	A	0.01%
	DEA	A	0.01%
	VAC	F	0.01%
	SRCL	A	0.01%
	GRBK	B	0.01%
	FCN	C	0.01%
	WEX	C	0.01%
	ATGE	C	0.01%
	EAT	B	0.01%
	VMI	C	0.01%
	HLI	B	0.01%
	CRL	F	0.01%
	EPRT	A	0.01%
	UA	B	0.01%
	RC	F	0.01%
	KTB	B	0.01%
	PMT	C	0.01%
	MAC	B	0.01%
	VBTX	B	0.01%
	HNI	B	0.01%
	BCO	B	0.01%
	UCBI	B	0.01%
	BANF	B	0.01%
	PLXS	B	0.01%
	NWN	B	0.01%
	DCI	C	0.01%
	DBX	D	0.01%
	INVA	B	0.01%
	UAA	B	0.01%
	WOR	F	0.01%
	ASGN	D	0.01%
	INDB	B	0.01%
	LFUS	C	0.01%
	CAR	F	0.01%
	ATR	A	0.01%
	AX	C	0.01%
	JKHY	B	0.01%
	GNTX	D	0.01%
	DY	D	0.01%
	ITT	C	0.01%
	PPBI	C	0.01%
	CVBF	D	0.01%
	CHDN	D	0.01%
	VSH	F	0.01%
	FBP	B	0.01%
	SLVM	B	0.01%
	NAVI	C	0.01%
	LPX	B	0.01%
	PTEN	F	0.01%
	FLS	C	0.01%
	KFY	C	0.01%
	TALO	F	0.01%
	ENS	D	0.01%
	GMED	C	0.01%
	LEG	D	0.01%
	ACHC	B	0.01%
	UVV	B	0.01%
	CC	F	0.01%
	PEB	D	0.01%
	TNL	D	0.01%
	IIPR	B	0.01%
	TXRH	D	0.01%
	SEE	D	0.01%
	NMIH	B	0.01%
	REZI	D	0.01%
	GATX	C	0.01%
	CTLT	A	0.01%
	HOPE	B	0.01%
	HTH	C	0.01%
	MGY	D	0.01%
	ARI	C	0.01%
	SEIC	D	0.01%
	KMPR	C	0.01%
	HUBG	B	0.01%
	CXW	D	0.01%
	RGLD	C	0.01%
	EEFT	D	0.01%
	CABO	F	0.01%
	MOG.A	C	0.01%
	VICR	D	0.0%
	UHT	A	0.0%
	DDD	F	0.0%
	NPK	D	0.0%
	XPEL	C	0.0%
	CHUY	A	0.0%
	NARI	D	0.0%
	WOLF	F	0.0%
	AGYS	C	0.0%
	VCEL	C	0.0%
	LESL	F	0.0%
	VREX	F	0.0%
	RILY	F	0.0%
	MSEX	B	0.0%
	PCRX	F	0.0%
	GOGO	D	0.0%
	EMBC	B	0.0%
	CLB	F	0.0%
	CMP	F	0.0%
	SNCY	D	0.0%
	SITM	C	0.0%
	TTGT	F	0.0%
	CHCT	F	0.0%
	STAA	F	0.0%
	AAON	C	0.0%
	TGI	D	0.0%
	HCI	A	0.0%
	CRSR	F	0.0%
	COHU	F	0.0%
	BMI	C	0.0%
	RGNX	F	0.0%
	CERT	F	0.0%
	CELH	F	0.0%
	LQDT	C	0.0%
	CEVA	B	0.0%
	PGNY	D	0.0%
	ARWR	F	0.0%
	BJRI	D	0.0%
	NABL	D	0.0%
	ELF	F	0.0%
	ICHR	F	0.0%
	HVT	D	0.0%
	SSTK	F	0.0%
	TNDM	B	0.0%
	JBSS	D	0.0%
	GKOS	B	0.0%
	NXRT	B	0.0%
	DGII	B	0.0%
	MXL	F	0.0%
	XNCR	F	0.0%
	MYE	D	0.0%
	EPAC	C	0.0%
	ASTE	D	0.0%
	CTS	D	0.0%
	NUS	F	0.0%
	TRUP	B	0.0%
	PRLB	F	0.0%
	CARS	D	0.0%
	WSR	D	0.0%
	DRQ	F	0.0%
	VVI	D	0.0%
	SXI	C	0.0%
	PEN	C	0.0%
	DV	F	0.0%
	IIIN	D	0.0%
	SLAB	D	0.0%
	CPRX	B	0.0%
	AHH	B	0.0%
	CYTK	F	0.0%
	SHEN	F	0.0%
	HSII	B	0.0%
	PRVA	D	0.0%
	IRWD	F	0.0%
	PZZA	C	0.0%
	CENT	D	0.0%
	JACK	F	0.0%
	USNA	F	0.0%
	CCRN	F	0.0%
	SEDG	F	0.0%
	WING	C	0.0%
	LNN	D	0.0%
	GPRE	F	0.0%
	RGR	F	0.0%
	SONO	F	0.0%
	COLL	B	0.0%
	HRMY	B	0.0%
	YETI	D	0.0%
	ALG	D	0.0%
	EXTR	C	0.0%
	CVGW	C	0.0%
	VECO	F	0.0%
	SPSC	D	0.0%
	TNC	D	0.0%
	THRM	D	0.0%
	POWI	F	0.0%
	THRY	D	0.0%
	SGH	F	0.0%
	MCW	F	0.0%
	MERC	F	0.0%
	QLYS	F	0.0%
	IRDM	D	0.0%
	KNSL	B	0.0%
	MTUS	F	0.0%
	BSIG	C	0.0%
	WDFC	A	0.0%
	VIAV	C	0.0%
	KOP	D	0.0%
	LSCC	F	0.0%
	HTLD	D	0.0%
	LIVN	D	0.0%
	CSGS	C	0.0%
	AMPH	C	0.0%
	NX	D	0.0%
	AVNS	B	0.0%
	WNC	F	0.0%
	EYE	F	0.0%
	AMSF	B	0.0%
	ALRM	F	0.0%
	POWL	C	0.0%
	GDEN	C	0.0%
	WABC	C	0.0%
	DBI	F	0.0%
	REX	F	0.0%
	SJW	A	0.0%
	DXPE	B	0.0%
	ZEUS	F	0.0%
	MOV	F	0.0%
	BLKB	B	0.0%
	CENX	F	0.0%
	CNMD	C	0.0%
	MATW	F	0.0%
	RMBS	F	0.0%
	AMCX	F	0.0%
	TILE	B	0.0%
	USPH	D	0.0%
	SMP	C	0.0%
	RAMP	F	0.0%
	DFIN	B	0.0%
	RCUS	C	0.0%
	HTZ	F	0.0%
	PLAY	F	0.0%
	ASTH	B	0.0%
	DVAX	C	0.0%
	NVEE	F	0.0%
	OXM	F	0.0%
	PRGS	B	0.0%
	EXPO	B	0.0%
	CACC	F	0.0%
	PAHC	B	0.0%
	PRFT	A	0.0%
	MGPI	B	0.0%
	PLMR	B	0.0%
	FIVE	F	0.0%
	CRVL	B	0.0%
	EVTC	D	0.0%
	JOE	C	0.0%
	HAYN	A	0.0%
	CALX	D	0.0%
	DIN	F	0.0%
	HELE	D	0.0%
	PLNT	A	0.0%
	FTRE	F	0.0%
	HZO	D	0.0%
	AMBC	F	0.0%
	FLGT	D	0.0%
	LKFN	B	0.0%
	MRTN	D	0.0%
	NTCT	C	0.0%
	IART	F	0.0%
	ALGT	F	0.0%
	SAM	D	0.0%
	CNSL	A	0.0%
	BOX	A	0.0%
	AIR	D	0.0%
	AZTA	F	0.0%
	ZI	F	0.0%
	PRA	C	0.0%
	ETH	F	0.0%
	ENV	B	0.0%
	SMTC	B	0.0%
	TRIP	F	0.0%
	ROG	F	0.0%
	CLW	F	0.0%
	AOSL	D	0.0%
	HLIT	B	0.0%
	MTRN	D	0.0%
	PRAA	D	0.0%
	MP	C	0.0%
	HFWA	B	0.0%
	VTOL	C	0.0%
	TR	A	0.0%
	VRTS	D	0.0%
	IPAR	D	0.0%
	NEO	B	0.0%
	ROCK	D	0.0%
	HAFC	B	0.0%
	ALGM	F	0.0%
	ACLS	F	0.0%
	UTL	B	0.0%
	QNST	B	0.0%
	TECH	D	0.0%
	SHAK	C	0.0%
	FOXF	F	0.0%
	MYRG	F	0.0%
	UFCS	D	0.0%
	NEOG	D	0.0%
	ADUS	B	0.0%
	PFBC	C	0.0%
	VRRM	D	0.0%
	APOG	C	0.0%
	TWI	D	0.0%
	AEIS	D	0.0%
	SUPN	B	0.0%
	ESAB	D	0.0%
	PRDO	D	0.0%
	TRST	B	0.0%
	CORT	B	0.0%
	FBNC	B	0.0%
	UNIT	A	0.0%
	MSGS	B	0.0%

VLU Underweight 57 Positions Relative to NTSX

	Symbol	Grade	Weight
	KKR	B	-0.13%
	DELL	F	-0.11%
	APO	D	-0.11%
	SCCO	D	-0.09%
	PLTR	B	-0.09%
	CRWD	F	-0.08%
	MRVL	D	-0.08%
	WDAY	C	-0.08%
	TEAM	F	-0.06%
	DASH	B	-0.06%
	ET	C	-0.06%
	EPD	C	-0.06%
	TTD	B	-0.06%
	GEV	A	-0.06%
	COIN	F	-0.05%
	CPNG	B	-0.05%
	APP	B	-0.04%
	HEI	B	-0.04%
	ALNY	C	-0.04%
	ZS	F	-0.04%
	MPLX	A	-0.04%
	VEEV	A	-0.04%
	DDOG	D	-0.04%
	BMRN	D	-0.03%
	TW	B	-0.03%
	SSNC	B	-0.03%
	ZM	B	-0.03%
	SUI	A	-0.03%
	MKL	C	-0.03%
	ARES	C	-0.03%
	VRT	F	-0.03%
	SQ	D	-0.03%
	RBLX	B	-0.03%
	HUBS	F	-0.03%
	NET	F	-0.03%
	FCNCA	C	-0.03%
	LBRDK	C	-0.02%
	ROKU	C	-0.02%
	MDB	C	-0.02%
	RIVN	F	-0.02%
	SIRI	F	-0.02%
	PINS	F	-0.02%
	SNAP	F	-0.02%
	BSY	D	-0.02%
	TWLO	D	-0.02%
	IOT	A	-0.02%
	LPLA	D	-0.02%
	BAH	B	-0.02%
	CRBG	C	-0.02%
	AVTR	B	-0.02%
	SNOW	F	-0.02%
	TPL	C	-0.02%
	AGR	B	-0.02%
	ENTG	D	-0.02%
	DKNG	D	-0.02%
	WMG	F	-0.02%
	ACI	D	-0.01%

VLU: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Oil & Gas E&P Semiconductors Packaged Foods Biotechnology Business Services Specialty Chemicals REIT - Diversified Asset Management Specialty Retail Utilities - Regulated Electric Diagnostics & Research Insurance - Property & Casualty Restaurants REIT - Retail Building Materials Aerospace & Defense Capital Markets

Keywords: S&P 500 Bank Banking Nasdaq 100 Natural Gas Real Estate Investment Trust Insurance Chemical Computing Aerospace Electronics Mining Medicine Semiconductor Electricity Deposit Products Telecommunications Transport Clothing Commercial Banking

NTSX: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Banks - Regional - US Capital Markets Diagnostics & Research Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Specialty Retail REIT - Residential Software - Infrastructure Specialty Chemicals Credit Services Health Care Plans Household & Personal Products

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