VLU vs. PFM ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to PowerShares Dividend Achievers (PFM)

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

$177.44

Average Daily Volume

10,460

Number of Holdings ^*

1425

* may have additional holdings in another (foreign) market

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$44.15

Average Daily Volume

25,940

Number of Holdings ^*

420

* may have additional holdings in another (foreign) market

Performance

Period	VLU	PFM
30 Days	2.84%	3.08%
60 Days	3.31%	4.90%
90 Days	5.40%	7.19%
12 Months	18.61%	16.00%

376 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in PFM	Overlap
	A	B	0.04%	0.18%	0.04%
	AAPL	C	2.34%	4.34%	2.34%
	ABBV	A	0.44%	1.47%	0.44%
	ABM	A	0.03%	0.02%	0.02%
	ABR	D	0.02%	0.01%	0.01%
	ABT	B	0.24%	0.83%	0.24%
	ACN	C	0.3%	0.94%	0.3%
	ADC	A	0.02%	0.03%	0.02%
	ADI	D	0.14%	0.51%	0.14%
	ADM	D	0.29%	0.14%	0.14%
	ADP	A	0.08%	0.48%	0.08%
	AEE	A	0.08%	0.09%	0.08%
	AEP	A	0.17%	0.23%	0.17%
	AES	D	0.05%	0.06%	0.05%
	AFG	B	0.08%	0.05%	0.05%
	AFL	A	0.2%	0.24%	0.2%
	AGCO	F	0.03%	0.03%	0.03%
	AGO	C	0.02%	0.02%	0.02%
	AIT	C	0.01%	0.04%	0.01%
	AIZ	B	0.04%	0.04%	0.04%
	AJG	A	0.06%	0.28%	0.06%
	AL	C	0.05%	0.02%	0.02%
	ALB	F	0.04%	0.05%	0.04%
	ALE	A	0.02%	0.02%	0.02%
	ALL	A	0.15%	0.2%	0.15%
	AMGN	B	0.29%	0.81%	0.29%
	AMP	D	0.1%	0.2%	0.1%
	AMSF	C	0.0%	0.0%	0.0%
	AMT	A	0.15%	0.46%	0.15%
	ANDE	C	0.02%	0.01%	0.01%
	AON	B	0.06%	0.32%	0.06%
	AOS	C	0.02%	0.05%	0.02%
	APD	C	0.13%	0.27%	0.13%
	APH	D	0.06%	0.35%	0.06%
	APOG	B	0.01%	0.01%	0.01%
	ARE	D	0.05%	0.09%	0.05%
	ASB	C	0.03%	0.02%	0.02%
	ASH	D	0.02%	0.02%	0.02%
	ATO	A	0.06%	0.09%	0.06%
	ATR	A	0.01%	0.04%	0.01%
	AUB	C	0.02%	0.02%	0.02%
	AVA	A	0.02%	0.01%	0.01%
	AVGO	D	0.39%	3.17%	0.39%
	AVNT	B	0.02%	0.02%	0.02%
	AVT	D	0.04%	0.02%	0.02%
	AVY	D	0.02%	0.08%	0.02%
	AWK	A	0.06%	0.13%	0.06%
	AWR	B	0.01%	0.01%	0.01%
	BAC	C	1.5%	1.47%	1.47%
	BANF	B	0.01%	0.02%	0.01%
	BBY	C	0.15%	0.08%	0.08%
	BC	C	0.02%	0.03%	0.02%
	BCPC	B	0.01%	0.03%	0.01%
	BDX	C	0.09%	0.31%	0.09%
	BEN	D	0.06%	0.05%	0.05%
	BK	A	0.26%	0.22%	0.22%
	BKH	A	0.04%	0.02%	0.02%
	BLK	A	0.19%	0.58%	0.19%
	BMI	B	0.0%	0.03%	0.0%
	BMY	B	0.34%	0.45%	0.34%
	BR	A	0.02%	0.11%	0.02%
	BRC	A	0.01%	0.01%	0.01%
	BRO	A	0.03%	0.13%	0.03%
	CADE	C	0.02%	0.03%	0.02%
	CAH	B	0.22%	0.11%	0.11%
	CASY	B	0.03%	0.06%	0.03%
	CAT	C	0.23%	0.77%	0.23%
	CB	A	0.37%	0.5%	0.37%
	CBOE	B	0.03%	0.09%	0.03%
	CBSH	B	0.02%	0.04%	0.02%
	CBT	C	0.02%	0.02%	0.02%
	CBU	B	0.01%	0.01%	0.01%
	CCOI	B	0.01%	0.01%	0.01%
	CDW	D	0.04%	0.14%	0.04%
	CE	F	0.05%	0.07%	0.05%
	CFR	C	0.02%	0.03%	0.02%
	CHCO	B	0.01%	0.01%	0.01%
	CHD	D	0.03%	0.11%	0.03%
	CHDN	B	0.01%	0.05%	0.01%
	CHE	B	0.01%	0.04%	0.01%
	CHRW	A	0.05%	0.05%	0.05%
	CINF	A	0.06%	0.09%	0.06%
	CL	A	0.1%	0.38%	0.1%
	CLX	D	0.03%	0.08%	0.03%
	CMCSA	C	0.62%	0.72%	0.62%
	CME	F	0.1%	0.33%	0.1%
	CMI	B	0.12%	0.18%	0.12%
	CMS	A	0.06%	0.09%	0.06%
	CNO	B	0.03%	0.02%	0.02%
	COST	D	0.27%	1.65%	0.27%
	CPK	A	0.01%	0.01%	0.01%
	CSCO	C	0.45%	0.88%	0.45%
	CSGS	C	0.0%	0.01%	0.0%
	CSL	C	0.03%	0.09%	0.03%
	CSX	B	0.11%	0.31%	0.11%
	CTAS	A	0.04%	0.35%	0.04%
	CUBE	B	0.02%	0.05%	0.02%
	CVX	C	1.43%	1.32%	1.32%
	CWT	A	0.01%	0.01%	0.01%
	DCI	B	0.01%	0.04%	0.01%
	DFS	C	0.14%	0.16%	0.14%
	DGX	A	0.05%	0.07%	0.05%
	DHR	A	0.14%	0.92%	0.14%
	DOV	C	0.03%	0.12%	0.03%
	DPZ	D	0.01%	0.07%	0.01%
	DTE	A	0.1%	0.11%	0.1%
	DUK	A	0.33%	0.38%	0.33%
	ECL	B	0.05%	0.32%	0.05%
	ED	A	0.13%	0.15%	0.13%
	EGP	A	0.01%	0.04%	0.01%
	EIX	A	0.1%	0.14%	0.1%
	ELS	A	0.02%	0.06%	0.02%
	ELV	C	0.41%	0.56%	0.41%
	EMN	B	0.05%	0.05%	0.05%
	EMR	B	0.15%	0.31%	0.15%
	ENSG	B	0.01%	0.04%	0.01%
	ERIE	A	0.02%	0.09%	0.02%
	ES	A	0.09%	0.11%	0.09%
	ESS	A	0.04%	0.08%	0.04%
	ETN	D	0.11%	0.54%	0.11%
	EVR	B	0.02%	0.04%	0.02%
	EVRG	A	0.07%	0.06%	0.06%
	EXPD	A	0.04%	0.08%	0.04%
	EXPO	B	0.0%	0.02%	0.0%
	EXR	B	0.05%	0.16%	0.05%
	FAF	B	0.03%	0.03%	0.03%
	FAST	C	0.04%	0.18%	0.04%
	FDS	F	0.01%	0.07%	0.01%
	FELE	B	0.01%	0.02%	0.01%
	FFIN	C	0.01%	0.02%	0.01%
	FITB	B	0.11%	0.13%	0.11%
	FIX	C	0.01%	0.05%	0.01%
	FLO	C	0.02%	0.02%	0.02%
	FNF	A	0.07%	0.07%	0.07%
	FR	A	0.02%	0.03%	0.02%
	FUL	B	0.01%	0.02%	0.01%
	GATX	C	0.02%	0.02%	0.02%
	GD	C	0.2%	0.36%	0.2%
	GFF	C	0.01%	0.02%	0.01%
	GGG	C	0.01%	0.06%	0.01%
	GL	C	0.03%	0.04%	0.03%
	GLW	C	0.1%	0.17%	0.1%
	GPC	B	0.06%	0.09%	0.06%
	GS	B	0.54%	0.72%	0.54%
	GTY	B	0.01%	0.01%	0.01%
	GWW	C	0.05%	0.22%	0.05%
	HD	C	0.48%	1.64%	0.48%
	HFWA	B	0.0%	0.0%	0.0%
	HI	D	0.01%	0.01%	0.01%
	HIG	A	0.13%	0.15%	0.13%
	HII	C	0.03%	0.05%	0.03%
	HMN	C	0.01%	0.01%	0.01%
	HNI	B	0.01%	0.01%	0.01%
	HOMB	B	0.02%	0.03%	0.02%
	HON	D	0.21%	0.6%	0.21%
	HPQ	C	0.29%	0.16%	0.16%
	HRL	B	0.08%	0.08%	0.08%
	HSY	B	0.06%	0.13%	0.06%
	HUBB	C	0.02%	0.09%	0.02%
	HUM	D	0.25%	0.22%	0.22%
	HVT	C	0.0%	0.0%	0.0%
	HWKN	A	0.01%	0.01%	0.01%
	IBM	B	0.41%	0.8%	0.41%
	IBOC	C	0.02%	0.02%	0.02%
	ICE	A	0.11%	0.39%	0.11%
	IDA	A	0.02%	0.02%	0.02%
	IEX	D	0.01%	0.07%	0.01%
	INDB	C	0.01%	0.01%	0.01%
	INGR	A	0.03%	0.04%	0.03%
	INTU	B	0.06%	0.81%	0.06%
	IOSP	C	0.01%	0.01%	0.01%
	IPG	B	0.04%	0.05%	0.04%
	ITT	B	0.01%	0.05%	0.01%
	ITW	C	0.09%	0.34%	0.09%
	JBHT	C	0.03%	0.08%	0.03%
	JJSF	B	0.01%	0.02%	0.01%
	JKHY	B	0.01%	0.06%	0.01%
	JNJ	B	0.86%	1.74%	0.86%
	JPM	B	1.42%	2.76%	1.42%
	K	A	0.06%	0.09%	0.06%
	KEY	C	0.14%	0.07%	0.07%
	KLAC	D	0.06%	0.48%	0.06%
	KMB	B	0.11%	0.22%	0.11%
	KO	A	0.42%	1.31%	0.42%
	KR	B	0.33%	0.18%	0.18%
	KWR	C	0.01%	0.02%	0.01%
	LAD	B	0.06%	0.03%	0.03%
	LANC	B	0.01%	0.02%	0.01%
	LECO	C	0.01%	0.05%	0.01%
	LFUS	B	0.01%	0.03%	0.01%
	LHX	B	0.1%	0.19%	0.1%
	LII	B	0.02%	0.09%	0.02%
	LIN	B	0.2%	0.99%	0.2%
	LKFN	C	0.0%	0.01%	0.0%
	LMT	A	0.34%	0.58%	0.34%
	LNN	B	0.0%	0.01%	0.0%
	LNT	A	0.04%	0.07%	0.04%
	LOW	B	0.22%	0.62%	0.22%
	LYB	B	0.23%	0.15%	0.15%
	MA	C	0.12%	1.86%	0.12%
	MAA	A	0.04%	0.08%	0.04%
	MAN	B	0.03%	0.02%	0.02%
	MAS	B	0.03%	0.08%	0.03%
	MATW	C	0.0%	0.0%	0.0%
	MATX	B	0.02%	0.02%	0.02%
	MCD	C	0.14%	0.86%	0.14%
	MCHP	F	0.06%	0.22%	0.06%
	MCK	A	0.41%	0.36%	0.36%
	MCO	A	0.04%	0.37%	0.04%
	MDLZ	C	0.2%	0.41%	0.2%
	MDT	C	0.31%	0.49%	0.31%
	MDU	B	0.03%	0.03%	0.03%
	MET	B	0.41%	0.24%	0.24%
	MGEE	A	0.01%	0.01%	0.01%
	MKC	B	0.04%	0.09%	0.04%
	MKTX	C	0.01%	0.04%	0.01%
	MMC	A	0.12%	0.49%	0.12%
	MMM	A	0.28%	0.32%	0.28%
	MNRO	B	0.01%	0.0%	0.0%
	MO	A	0.35%	0.4%	0.35%
	MORN	B	0.01%	0.06%	0.01%
	MRK	F	0.41%	1.48%	0.41%
	MS	B	0.52%	0.76%	0.52%
	MSA	C	0.01%	0.03%	0.01%
	MSEX	B	0.0%	0.01%	0.0%
	MSFT	D	1.54%	3.93%	1.54%
	MSI	A	0.04%	0.3%	0.04%
	MTRN	C	0.01%	0.01%	0.01%
	NBTB	C	0.01%	0.01%	0.01%
	NDAQ	B	0.06%	0.18%	0.06%
	NDSN	C	0.02%	0.06%	0.02%
	NEE	A	0.36%	0.7%	0.36%
	NFG	A	0.03%	0.02%	0.02%
	NHC	B	0.01%	0.01%	0.01%
	NI	A	0.06%	0.06%	0.06%
	NJR	A	0.02%	0.02%	0.02%
	NKE	F	0.12%	0.41%	0.12%
	NNN	A	0.03%	0.04%	0.03%
	NOC	A	0.15%	0.32%	0.15%
	NSP	C	0.01%	0.02%	0.01%
	NUE	F	0.13%	0.17%	0.13%
	NWE	B	0.02%	0.01%	0.01%
	NWN	A	0.01%	0.01%	0.01%
	NXST	B	0.03%	0.03%	0.03%
	O	A	0.12%	0.23%	0.12%
	OGE	A	0.03%	0.03%	0.03%
	ORCL	B	0.36%	1.73%	0.36%
	ORI	A	0.05%	0.04%	0.04%
	OSK	D	0.03%	0.03%	0.03%
	OTTR	B	0.01%	0.02%	0.01%
	OZK	C	0.04%	0.02%	0.02%
	PAYX	A	0.05%	0.21%	0.05%
	PB	B	0.03%	0.03%	0.03%
	PEG	A	0.13%	0.17%	0.13%
	PEP	B	0.38%	1.09%	0.38%
	PFE	B	0.92%	0.79%	0.79%
	PFG	C	0.16%	0.09%	0.09%
	PG	B	0.52%	1.83%	0.52%
	PII	D	0.02%	0.02%	0.02%
	PKG	A	0.04%	0.08%	0.04%
	PLD	B	0.15%	0.52%	0.15%
	PM	A	0.53%	0.81%	0.53%
	PNC	B	0.38%	0.33%	0.33%
	PNW	A	0.05%	0.04%	0.04%
	POOL	B	0.01%	0.06%	0.01%
	POR	A	0.02%	0.02%	0.02%
	POWI	F	0.0%	0.02%	0.0%
	PPG	F	0.07%	0.14%	0.07%
	PRGO	C	0.02%	0.02%	0.02%
	PRI	A	0.02%	0.04%	0.02%
	PRU	B	0.41%	0.2%	0.2%
	PSX	C	0.55%	0.27%	0.27%
	QCOM	D	0.26%	0.91%	0.26%
	R	B	0.05%	0.03%	0.03%
	REG	A	0.04%	0.06%	0.04%
	REXR	B	0.02%	0.05%	0.02%
	RF	B	0.11%	0.09%	0.09%
	RGA	A	0.13%	0.07%	0.07%
	RGLD	A	0.01%	0.04%	0.01%
	RHI	F	0.02%	0.03%	0.02%
	RJF	F	0.05%	0.11%	0.05%
	RLI	A	0.01%	0.03%	0.01%
	RMD	B	0.02%	0.14%	0.02%
	RNR	A	0.05%	0.05%	0.05%
	ROK	D	0.04%	0.14%	0.04%
	ROP	D	0.05%	0.27%	0.05%
	RPM	B	0.02%	0.07%	0.02%
	RRX	B	0.02%	0.05%	0.02%
	RS	C	0.05%	0.08%	0.05%
	RSG	B	0.09%	0.28%	0.09%
	RTX	A	0.45%	0.69%	0.45%
	SBSI	B	0.01%	0.0%	0.0%
	SBUX	F	0.11%	0.39%	0.11%
	SCI	B	0.02%	0.05%	0.02%
	SCL	D	0.01%	0.01%	0.01%
	SCVL	C	0.01%	0.01%	0.01%
	SEIC	B	0.01%	0.04%	0.01%
	SFNC	C	0.02%	0.01%	0.01%
	SHW	A	0.06%	0.41%	0.06%
	SIGI	D	0.02%	0.02%	0.02%
	SJM	B	0.05%	0.06%	0.05%
	SJW	B	0.0%	0.01%	0.0%
	SLGN	A	0.02%	0.02%	0.02%
	SNA	B	0.03%	0.07%	0.03%
	SO	A	0.3%	0.41%	0.3%
	SON	D	0.03%	0.02%	0.02%
	SPGI	A	0.12%	0.7%	0.12%
	SPTN	B	0.01%	0.0%	0.0%
	SR	B	0.02%	0.02%	0.02%
	SRE	A	0.16%	0.23%	0.16%
	SSB	B	0.03%	0.03%	0.03%
	SSD	C	0.01%	0.04%	0.01%
	STAG	A	0.02%	0.03%	0.02%
	STBA	B	0.01%	0.01%	0.01%
	STE	A	0.02%	0.11%	0.02%
	STLD	C	0.08%	0.09%	0.08%
	STT	B	0.13%	0.12%	0.12%
	SWK	B	0.06%	0.07%	0.06%
	SWX	B	0.02%	0.02%	0.02%
	SXI	B	0.0%	0.01%	0.0%
	SYK	D	0.08%	0.58%	0.08%
	SYY	B	0.12%	0.17%	0.12%
	TEL	C	0.11%	0.22%	0.11%
	TFC	B	0.54%	0.27%	0.27%
	TGT	C	0.23%	0.31%	0.23%
	THG	A	0.02%	0.02%	0.02%
	THO	C	0.03%	0.03%	0.03%
	TKR	B	0.02%	0.03%	0.02%
	TMP	C	0.01%	0.0%	0.0%
	TNC	C	0.0%	0.01%	0.0%
	TR	C	0.0%	0.01%	0.0%
	TRN	A	0.02%	0.01%	0.01%
	TROW	D	0.07%	0.12%	0.07%
	TRV	B	0.16%	0.22%	0.16%
	TSCO	D	0.03%	0.13%	0.03%
	TSN	A	0.16%	0.08%	0.08%
	TT	B	0.07%	0.34%	0.07%
	TTC	C	0.01%	0.05%	0.01%
	TXN	C	0.25%	0.84%	0.25%
	UBSI	B	0.02%	0.02%	0.02%
	UDR	B	0.03%	0.06%	0.03%
	UFPI	B	0.02%	0.04%	0.02%
	UGI	A	0.05%	0.02%	0.02%
	UHT	B	0.0%	0.0%	0.0%
	UMBF	B	0.02%	0.02%	0.02%
	UNH	A	1.17%	2.38%	1.17%
	UNM	A	0.09%	0.05%	0.05%
	UNP	B	0.23%	0.67%	0.23%
	UPS	F	0.37%	0.43%	0.37%
	USB	B	0.37%	0.32%	0.32%
	UVV	C	0.01%	0.01%	0.01%
	V	D	0.38%	1.88%	0.38%
	VMC	A	0.03%	0.16%	0.03%
	VZ	C	1.54%	0.77%	0.77%
	WABC	C	0.0%	0.01%	0.0%
	WAFD	B	0.02%	0.01%	0.01%
	WBA	F	0.08%	0.05%	0.05%
	WDFC	B	0.0%	0.02%	0.0%
	WEC	A	0.09%	0.12%	0.09%
	WLK	D	0.04%	0.08%	0.04%
	WM	C	0.09%	0.37%	0.09%
	WMT	B	1.57%	2.56%	1.57%
	WOR	F	0.02%	0.01%	0.01%
	WRB	B	0.05%	0.09%	0.05%
	WSFS	C	0.01%	0.02%	0.01%
	WSM	C	0.03%	0.09%	0.03%
	WSO	C	0.04%	0.08%	0.04%
	WST	F	0.01%	0.1%	0.01%
	WTFC	C	0.02%	0.03%	0.02%
	WTRG	A	0.03%	0.05%	0.03%
	WTS	B	0.01%	0.02%	0.01%
	XEL	B	0.13%	0.15%	0.13%
	XOM	B	2.1%	2.37%	2.1%
	XYL	D	0.03%	0.16%	0.03%
	ZION	C	0.07%	0.03%	0.03%
	ZTS	B	0.05%	0.38%	0.05%

VLU Overweight 1049 Positions Relative to PFM

	Symbol	Grade	Weight
	BRK.A	C	2.37%
	AMZN	D	1.91%
	META	C	1.5%
	T	A	1.24%
	GOOG	D	1.21%
	C	B	1.14%
	WFC	C	1.11%
	GOOGL	D	0.74%
	CVS	C	0.7%
	MPC	C	0.55%
	COF	B	0.52%
	VLO	B	0.47%
	GM	D	0.46%
	TSLA	C	0.45%
	INTC	F	0.44%
	COP	F	0.43%
	F	F	0.4%
	CI	C	0.39%
	KMI	B	0.37%
	TMUS	A	0.36%
	CNC	B	0.35%
	AXP	A	0.33%
	CHTR	B	0.33%
	GILD	B	0.32%
	NVDA	D	0.31%
	AIG	C	0.27%
	FDX	B	0.27%
	GE	B	0.27%
	DAL	F	0.26%
	DIS	D	0.26%
	EOG	C	0.25%
	KHC	B	0.24%
	SCHW	F	0.23%
	SW	F	0.23%
	D	A	0.23%
	CRM	C	0.23%
	HPE	D	0.23%
	DE	F	0.22%
	HCA	A	0.21%
	OXY	F	0.21%
	LLY	D	0.21%
	KVUE	D	0.19%
	SYF	C	0.19%
	ADBE	B	0.19%
	EXC	B	0.19%
	DOW	F	0.19%
	DD	A	0.18%
	CFG	B	0.18%
	TMO	A	0.18%
	WBD	D	0.17%
	BA	D	0.17%
	MU	D	0.16%
	DVN	F	0.16%
	NFLX	D	0.16%
	CCL	D	0.16%
	NEM	A	0.16%
	SLB	C	0.16%
	PGR	B	0.16%
	TJX	A	0.16%
	REGN	A	0.15%
	IP	A	0.15%
	LUV	F	0.15%
	BG	C	0.15%
	MTB	B	0.15%
	WMB	B	0.15%
	PYPL	C	0.14%
	JCI	C	0.14%
	UAL	F	0.14%
	LEN	B	0.14%
	ETR	A	0.13%
	AMD	F	0.13%
	VTRS	B	0.13%
	L	B	0.13%
	AMAT	D	0.13%
	PCAR	F	0.12%
	BX	B	0.12%
	KDP	A	0.12%
	VRTX	A	0.12%
	FANG	C	0.12%
	ACGL	D	0.12%
	DHI	B	0.12%
	NSC	B	0.12%
	OVV	F	0.11%
	WELL	A	0.11%
	EQT	F	0.11%
	CCI	A	0.11%
	ALLY	B	0.11%
	CTSH	B	0.11%
	OKE	B	0.11%
	BKR	B	0.11%
	GIS	B	0.11%
	PCG	A	0.11%
	HBAN	B	0.11%
	VICI	A	0.1%
	CHRD	D	0.1%
	FIS	D	0.1%
	BSX	D	0.1%
	BIIB	F	0.1%
	MAR	F	0.09%
	MRO	D	0.09%
	SNX	D	0.09%
	PPL	A	0.09%
	CTVA	C	0.09%
	EG	D	0.09%
	FCX	D	0.09%
	MOS	D	0.09%
	ISRG	B	0.09%
	HAL	F	0.09%
	TAP	C	0.09%
	BKNG	D	0.09%
	LRCX	F	0.09%
	PFGC	D	0.09%
	CAG	A	0.08%
	CARR	B	0.08%
	CBRE	A	0.08%
	UBER	F	0.08%
	DG	D	0.08%
	MHK	B	0.08%
	CHK	F	0.08%
	EQR	A	0.08%
	FOXA	A	0.08%
	PH	B	0.08%
	X	B	0.08%
	EBAY	A	0.08%
	NXPI	D	0.08%
	SWN	F	0.07%
	TRGP	A	0.07%
	HES	D	0.07%
	DVA	D	0.07%
	EQIX	B	0.07%
	AVB	A	0.07%
	AZO	B	0.07%
	BWA	C	0.07%
	WY	B	0.07%
	FE	A	0.07%
	URI	C	0.07%
	ABNB	F	0.07%
	EQH	B	0.07%
	IVZ	B	0.07%
	VTR	A	0.07%
	DINO	D	0.07%
	NTRS	B	0.07%
	CNP	F	0.07%
	ORLY	A	0.07%
	MNST	C	0.06%
	STZ	F	0.06%
	VST	D	0.06%
	COOP	C	0.06%
	MGM	D	0.06%
	SWKS	C	0.06%
	NOW	B	0.06%
	IQV	B	0.06%
	JXN	B	0.06%
	SPG	B	0.06%
	NVR	A	0.06%
	CF	D	0.06%
	LVS	F	0.06%
	IFF	A	0.06%
	GPN	D	0.06%
	APA	C	0.06%
	PANW	C	0.06%
	AMCR	A	0.06%
	CIVI	D	0.06%
	BAX	C	0.06%
	RCL	C	0.06%
	ARW	C	0.06%
	GRMN	B	0.06%
	ROST	D	0.06%
	THC	B	0.06%
	USFD	C	0.06%
	OMC	B	0.06%
	LEA	C	0.06%
	AAL	F	0.06%
	DLTR	F	0.06%
	ANET	C	0.06%
	APTV	D	0.06%
	CMA	B	0.06%
	PHM	B	0.06%
	CTRA	F	0.06%
	PSA	B	0.06%
	WTW	A	0.06%
	STX	C	0.05%
	ALK	F	0.05%
	LDOS	C	0.05%
	NRG	D	0.05%
	EA	B	0.05%
	ARMK	B	0.05%
	JBL	F	0.05%
	JLL	B	0.05%
	ABG	B	0.05%
	BLDR	C	0.05%
	OC	B	0.05%
	ON	D	0.05%
	TOL	B	0.05%
	CPB	A	0.05%
	SNPS	F	0.05%
	PARA	D	0.05%
	VFC	B	0.05%
	EWBC	C	0.05%
	WDC	F	0.05%
	WHR	C	0.05%
	FHN	C	0.05%
	JEF	B	0.05%
	LNC	B	0.05%
	COLB	C	0.05%
	OGN	B	0.05%
	UHS	A	0.05%
	DOC	A	0.05%
	ZBH	C	0.05%
	KMX	C	0.05%
	EL	F	0.05%
	WPC	C	0.05%
	MUR	F	0.05%
	BXP	B	0.05%
	STWD	B	0.05%
	MRNA	F	0.05%
	OTIS	D	0.04%
	HCC	C	0.04%
	OHI	A	0.04%
	DLR	B	0.04%
	EW	F	0.04%
	OGS	B	0.04%
	LKQ	F	0.04%
	UTHR	B	0.04%
	EXPE	D	0.04%
	HP	C	0.04%
	CPAY	C	0.04%
	CPT	A	0.04%
	DKS	D	0.04%
	AMKR	F	0.04%
	WBS	C	0.04%
	SNV	B	0.04%
	CMC	B	0.04%
	SANM	B	0.04%
	KRC	C	0.04%
	MUSA	A	0.04%
	TMHC	B	0.04%
	CMG	D	0.04%
	WAB	D	0.04%
	IRM	A	0.04%
	J	B	0.04%
	WCC	F	0.04%
	BERY	B	0.04%
	VOYA	F	0.04%
	PBF	F	0.04%
	GPI	B	0.04%
	DRI	D	0.04%
	WU	D	0.04%
	HST	F	0.04%
	M	D	0.04%
	TXT	B	0.04%
	NTAP	C	0.04%
	FOX	A	0.04%
	AN	B	0.04%
	GPS	D	0.04%
	IBKR	D	0.04%
	VNO	B	0.04%
	GLPI	B	0.04%
	AR	D	0.04%
	INVH	B	0.04%
	JHG	B	0.04%
	BALL	C	0.04%
	MOH	C	0.04%
	HOLX	A	0.03%
	CZR	D	0.03%
	HRB	A	0.03%
	AMH	C	0.03%
	WFRD	C	0.03%
	BURL	B	0.03%
	PR	F	0.03%
	GDDY	C	0.03%
	NCLH	D	0.03%
	BIO	B	0.03%
	RL	D	0.03%
	CALM	A	0.03%
	QRVO	C	0.03%
	CR	B	0.03%
	URBN	C	0.03%
	MTZ	D	0.03%
	PENN	D	0.03%
	LULU	F	0.03%
	GEHC	B	0.03%
	MTG	B	0.03%
	FLR	C	0.03%
	HOG	B	0.03%
	MLI	B	0.03%
	DEI	B	0.03%
	ACM	B	0.03%
	BXMT	C	0.03%
	CSGP	C	0.03%
	HAS	B	0.03%
	GHC	C	0.03%
	SM	D	0.03%
	JNPR	A	0.03%
	SKX	D	0.03%
	GPK	B	0.03%
	ULTA	F	0.03%
	PAG	B	0.03%
	PK	F	0.03%
	XPO	B	0.03%
	FTNT	F	0.03%
	BHF	B	0.03%
	IT	A	0.03%
	CNXC	C	0.03%
	POST	A	0.03%
	APLE	C	0.03%
	BKU	B	0.03%
	TGNA	C	0.03%
	HWC	C	0.03%
	FNB	B	0.03%
	FMC	B	0.03%
	ADSK	C	0.03%
	MTDR	D	0.03%
	RDN	B	0.03%
	SF	B	0.03%
	CATY	C	0.03%
	ODFL	B	0.03%
	HSIC	B	0.03%
	RRC	F	0.03%
	CLF	F	0.03%
	LYV	C	0.03%
	GNW	B	0.03%
	NOV	B	0.03%
	NWSA	C	0.03%
	HWM	A	0.03%
	TPR	D	0.03%
	AKAM	C	0.03%
	TDY	B	0.03%
	MPW	D	0.03%
	CACI	A	0.03%
	KEYS	F	0.03%
	MLM	B	0.03%
	HIW	A	0.03%
	FTV	F	0.03%
	CEG	D	0.03%
	YUM	C	0.03%
	FYBR	A	0.03%
	KD	C	0.03%
	AAP	D	0.03%
	KIM	A	0.03%
	KNX	B	0.03%
	FSLR	D	0.03%
	CPRT	D	0.03%
	ONB	B	0.03%
	DXC	C	0.03%
	NOG	B	0.03%
	PWR	D	0.03%
	GT	F	0.03%
	CCK	B	0.03%
	NWL	B	0.03%
	TKO	C	0.03%
	VLY	C	0.03%
	BJ	C	0.03%
	AME	D	0.03%
	CNX	B	0.03%
	RC	C	0.02%
	HUBG	B	0.02%
	TALO	D	0.02%
	KBR	B	0.02%
	ARI	C	0.02%
	TNL	C	0.02%
	FLS	B	0.02%
	SPNT	A	0.02%
	AXTA	A	0.02%
	MIDD	B	0.02%
	PPBI	C	0.02%
	CRUS	C	0.02%
	KMPR	B	0.02%
	ASO	F	0.02%
	ALLE	B	0.02%
	HTH	C	0.02%
	RUN	B	0.02%
	ENS	B	0.02%
	PEB	F	0.02%
	KRG	A	0.02%
	CVBF	C	0.02%
	ABCB	C	0.02%
	HOPE	B	0.02%
	AX	C	0.02%
	CIEN	B	0.02%
	SEE	B	0.02%
	CRL	B	0.02%
	LEG	D	0.02%
	RUSHA	A	0.02%
	MOG.A	B	0.02%
	OI	C	0.02%
	GBX	C	0.02%
	MGY	C	0.02%
	BYD	C	0.02%
	VGR	A	0.02%
	PPC	B	0.02%
	NWBI	B	0.02%
	MTN	D	0.02%
	CXW	D	0.02%
	SKYW	C	0.02%
	SLM	C	0.02%
	TFX	B	0.02%
	JBGS	C	0.02%
	CABO	C	0.02%
	VAL	C	0.02%
	SLG	B	0.02%
	BHE	B	0.02%
	VLTO	A	0.02%
	GEF	B	0.02%
	MMS	B	0.02%
	CW	A	0.02%
	CRC	D	0.02%
	FULT	C	0.02%
	LUMN	B	0.02%
	GNL	C	0.02%
	GBCI	C	0.02%
	CROX	D	0.02%
	REZI	C	0.02%
	NVT	D	0.02%
	KAR	B	0.02%
	PTEN	D	0.02%
	VVV	B	0.02%
	VSH	C	0.02%
	WAT	B	0.02%
	TTWO	F	0.02%
	WYNN	F	0.02%
	BANC	D	0.02%
	PTC	D	0.02%
	LBRT	B	0.02%
	MHO	B	0.02%
	MSM	C	0.02%
	BCC	C	0.02%
	TER	D	0.02%
	PNM	A	0.02%
	HLT	C	0.02%
	SBAC	B	0.02%
	FFIV	B	0.02%
	AMR	F	0.02%
	TRMB	F	0.02%
	G	B	0.02%
	TDS	B	0.02%
	RNST	C	0.02%
	CC	F	0.02%
	SAIC	C	0.02%
	EFX	A	0.02%
	ST	D	0.02%
	CRS	B	0.02%
	BANR	C	0.02%
	SIG	F	0.02%
	GEO	C	0.02%
	COTY	F	0.02%
	ATI	B	0.02%
	WWD	D	0.02%
	AM	C	0.02%
	PDCO	C	0.02%
	GXO	C	0.02%
	CWEN	A	0.02%
	MLKN	B	0.02%
	PNR	B	0.02%
	COKE	A	0.02%
	TCBI	C	0.02%
	JBLU	C	0.02%
	PVH	F	0.02%
	DECK	D	0.02%
	NATL	C	0.02%
	SBRA	B	0.02%
	CAR	F	0.02%
	BLD	C	0.02%
	SFM	A	0.02%
	TYL	B	0.02%
	GNRC	C	0.02%
	EHC	A	0.02%
	ENVA	B	0.02%
	KSS	D	0.02%
	TDG	D	0.02%
	COHR	C	0.02%
	ADNT	F	0.02%
	FL	B	0.02%
	HBI	B	0.02%
	IBTX	C	0.02%
	CNK	B	0.02%
	KEX	C	0.02%
	DTM	A	0.02%
	FHB	C	0.02%
	OLN	F	0.02%
	ZBRA	B	0.02%
	GME	D	0.02%
	JWN	B	0.02%
	SNEX	B	0.02%
	SMCI	D	0.02%
	LNW	A	0.02%
	PRG	B	0.02%
	ESNT	B	0.02%
	H	C	0.02%
	LAMR	B	0.02%
	PFS	C	0.02%
	BTU	D	0.02%
	SATS	B	0.02%
	MTD	A	0.02%
	IDXX	D	0.02%
	EME	D	0.02%
	BBWI	F	0.02%
	IR	C	0.02%
	ALGN	F	0.02%
	JAZZ	C	0.02%
	TPH	C	0.02%
	VRSN	C	0.02%
	CG	B	0.02%
	CDNS	F	0.02%
	ARCH	F	0.02%
	CEIX	D	0.02%
	AA	F	0.02%
	AMG	B	0.02%
	CWK	C	0.02%
	MTH	B	0.02%
	CLH	A	0.02%
	FFBC	C	0.02%
	SEM	B	0.02%
	KBH	B	0.02%
	INCY	C	0.02%
	BRX	B	0.02%
	DAR	C	0.02%
	ALV	D	0.02%
	ILMN	B	0.02%
	NSIT	C	0.02%
	PNFP	B	0.02%
	ANSS	F	0.02%
	CUZ	A	0.02%
	MSGS	B	0.01%
	ZI	F	0.01%
	ALGM	F	0.01%
	HAFC	C	0.01%
	HZO	C	0.01%
	KREF	B	0.01%
	CORT	B	0.01%
	RMBS	F	0.01%
	ESAB	C	0.01%
	TRST	B	0.01%
	FBNC	C	0.01%
	NEOG	B	0.01%
	UFCS	C	0.01%
	ROG	D	0.01%
	ALEX	A	0.01%
	TWI	C	0.01%
	PRAA	C	0.01%
	RDNT	C	0.01%
	TECH	B	0.01%
	AAT	B	0.01%
	MCRI	B	0.01%
	OMCL	C	0.01%
	FTRE	C	0.01%
	BRKR	D	0.01%
	HTZ	F	0.01%
	IPAR	B	0.01%
	AZTA	B	0.01%
	BGS	D	0.01%
	AOSL	C	0.01%
	MRCY	C	0.01%
	ALGT	D	0.01%
	NBHC	C	0.01%
	VRRM	B	0.01%
	PRDO	B	0.01%
	PFBC	C	0.01%
	XHR	D	0.01%
	AEIS	C	0.01%
	VRTS	D	0.01%
	CHH	B	0.01%
	TRIP	F	0.01%
	MMI	B	0.01%
	MYGN	B	0.01%
	BRBR	D	0.01%
	KNF	C	0.01%
	ACLS	F	0.01%
	AZZ	C	0.01%
	ROCK	D	0.01%
	JBT	D	0.01%
	CARG	C	0.01%
	DRH	F	0.01%
	ESE	B	0.01%
	RCM	B	0.01%
	SKT	A	0.01%
	HCSG	C	0.01%
	INN	B	0.01%
	DOCS	C	0.01%
	SAFT	B	0.01%
	MMSI	B	0.01%
	PAYC	C	0.01%
	EXP	B	0.01%
	PCTY	C	0.01%
	HAIN	C	0.01%
	ZD	F	0.01%
	SMPL	F	0.01%
	CHEF	C	0.01%
	EFC	B	0.01%
	AIN	C	0.01%
	GES	C	0.01%
	WRLD	D	0.01%
	BDC	A	0.01%
	LGND	B	0.01%
	AMWD	B	0.01%
	HAE	C	0.01%
	MASI	F	0.01%
	FOXF	D	0.01%
	HQY	D	0.01%
	BKE	B	0.01%
	ROIC	B	0.01%
	GO	F	0.01%
	FTDR	B	0.01%
	CAL	B	0.01%
	RES	C	0.01%
	FIZZ	C	0.01%
	NGVT	F	0.01%
	RGEN	B	0.01%
	DAY	C	0.01%
	AWI	B	0.01%
	TDC	F	0.01%
	EIG	B	0.01%
	ASIX	C	0.01%
	OUT	B	0.01%
	NVRI	A	0.01%
	TPX	C	0.01%
	ICUI	B	0.01%
	PLAB	F	0.01%
	CPF	B	0.01%
	EPC	C	0.01%
	RYN	B	0.01%
	ENR	C	0.01%
	EXLS	C	0.01%
	DORM	B	0.01%
	YELP	F	0.01%
	SBCF	C	0.01%
	FORM	D	0.01%
	EGBN	D	0.01%
	FCPT	A	0.01%
	FSS	B	0.01%
	ONTO	F	0.01%
	IART	F	0.01%
	SHO	D	0.01%
	HXL	D	0.01%
	CASH	B	0.01%
	THS	B	0.01%
	KN	C	0.01%
	FWRD	D	0.01%
	SCHL	F	0.01%
	MC	C	0.01%
	CFFN	C	0.01%
	PJT	B	0.01%
	KALU	F	0.01%
	DNOW	B	0.01%
	AVAV	D	0.01%
	CVCO	B	0.01%
	HPP	C	0.01%
	PLUS	B	0.01%
	AMED	A	0.01%
	ALKS	B	0.01%
	BOOT	B	0.01%
	OSIS	B	0.01%
	HLX	C	0.01%
	FND	F	0.01%
	TBBK	C	0.01%
	HALO	B	0.01%
	CUBI	C	0.01%
	SYNA	F	0.01%
	MTSI	D	0.01%
	OLED	C	0.01%
	WEN	C	0.01%
	NOVT	C	0.01%
	MEDP	D	0.01%
	CWEN	A	0.01%
	B	C	0.01%
	UE	B	0.01%
	UCTT	D	0.01%
	CRI	F	0.01%
	MYRG	F	0.01%
	PODD	B	0.01%
	KLIC	F	0.01%
	STC	C	0.01%
	VIR	D	0.01%
	CVI	D	0.01%
	DT	F	0.01%
	CLW	B	0.01%
	DCOM	C	0.01%
	STRA	D	0.01%
	WD	C	0.01%
	LGIH	B	0.01%
	AKR	B	0.01%
	BWXT	C	0.01%
	AHCO	C	0.01%
	HASI	B	0.01%
	BRKL	C	0.01%
	PHIN	B	0.01%
	CGNX	D	0.01%
	IDCC	A	0.01%
	FBK	B	0.01%
	DXCM	F	0.01%
	LTC	B	0.01%
	ITGR	C	0.01%
	SVC	D	0.01%
	CBRL	D	0.01%
	VNT	F	0.01%
	AROC	C	0.01%
	OII	B	0.01%
	GVA	B	0.01%
	SFBS	B	0.01%
	LXP	B	0.01%
	SHC	B	0.01%
	UNFI	C	0.01%
	SHOO	C	0.01%
	VSTO	A	0.01%
	KELYA	C	0.01%
	SAIA	F	0.01%
	IRT	A	0.01%
	TREX	D	0.01%
	RWT	C	0.01%
	VC	C	0.01%
	SXT	C	0.01%
	MATV	B	0.01%
	SXC	C	0.01%
	CAKE	D	0.01%
	KMT	C	0.01%
	PECO	B	0.01%
	ARCB	B	0.01%
	UNF	A	0.01%
	PUMP	C	0.01%
	ORA	A	0.01%
	GTLS	C	0.01%
	IBP	C	0.01%
	CRK	F	0.01%
	LRN	A	0.01%
	WGO	C	0.01%
	AXL	F	0.01%
	FDP	B	0.01%
	ENOV	C	0.01%
	OFG	C	0.01%
	PIPR	B	0.01%
	NWS	C	0.01%
	BDN	B	0.01%
	ROL	C	0.01%
	IPGP	F	0.01%
	CNXN	A	0.01%
	MODG	C	0.01%
	CTRE	A	0.01%
	MTX	D	0.01%
	FCF	C	0.01%
	RH	B	0.01%
	APAM	C	0.01%
	PINC	B	0.01%
	SAH	B	0.01%
	AXON	C	0.01%
	SITC	B	0.01%
	BLMN	C	0.01%
	PCH	C	0.01%
	CENTA	D	0.01%
	PATK	B	0.01%
	EXPI	C	0.01%
	PBH	B	0.01%
	ANF	D	0.01%
	KLG	D	0.01%
	WH	C	0.01%
	WWW	B	0.01%
	LW	F	0.01%
	NPO	C	0.01%
	DLX	C	0.01%
	SBH	D	0.01%
	ETSY	D	0.01%
	LNTH	C	0.01%
	DLB	F	0.01%
	ACIW	B	0.01%
	ITRI	C	0.01%
	NBR	B	0.01%
	NSA	C	0.01%
	MKSI	D	0.01%
	NYT	B	0.01%
	BHLB	B	0.01%
	MAT	B	0.01%
	NEU	B	0.01%
	HGV	D	0.01%
	BGC	C	0.01%
	LITE	C	0.01%
	BOH	C	0.01%
	FN	D	0.01%
	LOPE	A	0.01%
	GIII	D	0.01%
	CHX	C	0.01%
	NVST	F	0.01%
	NBIX	A	0.01%
	LZB	B	0.01%
	PRK	C	0.01%
	RBC	B	0.01%
	FHI	C	0.01%
	PBI	C	0.01%
	OPCH	C	0.01%
	XRX	F	0.01%
	CCS	B	0.01%
	OMI	C	0.01%
	EAT	D	0.01%
	SCSC	C	0.01%
	KW	C	0.01%
	OLLI	B	0.01%
	WMS	C	0.01%
	SLCA	B	0.01%
	EPR	B	0.01%
	UA	D	0.01%
	TTMI	C	0.01%
	RXO	B	0.01%
	LCII	C	0.01%
	SMG	B	0.01%
	UAA	D	0.01%
	XRAY	C	0.01%
	SABR	D	0.01%
	WS	C	0.01%
	PSMT	B	0.01%
	ACHC	D	0.01%
	AYI	D	0.01%
	DIOD	C	0.01%
	GMS	C	0.01%
	FICO	B	0.01%
	EPRT	B	0.01%
	WEX	D	0.01%
	ECPG	C	0.01%
	SRCL	A	0.01%
	KTB	A	0.01%
	MPWR	C	0.01%
	GRBK	B	0.01%
	AMN	B	0.01%
	HLI	B	0.01%
	INVA	A	0.01%
	WERN	B	0.01%
	FCN	C	0.01%
	PMT	C	0.01%
	VSCO	F	0.01%
	DEA	B	0.01%
	ACA	B	0.01%
	TRMK	C	0.01%
	MSCI	B	0.01%
	LPG	D	0.01%
	CNM	C	0.01%
	AEO	D	0.01%
	LSTR	B	0.01%
	BCO	B	0.01%
	PSTG	D	0.01%
	VRSK	C	0.01%
	VBTX	C	0.01%
	PARR	D	0.01%
	DBX	D	0.01%
	VSAT	C	0.01%
	MAC	C	0.01%
	SLVM	B	0.01%
	ASGN	D	0.01%
	MCY	A	0.01%
	NAVI	C	0.01%
	DAN	D	0.01%
	ODP	D	0.01%
	NMIH	C	0.01%
	TEX	C	0.01%
	GNTX	F	0.01%
	PLXS	B	0.01%
	ATGE	B	0.01%
	CTLT	A	0.01%
	DY	B	0.01%
	UCBI	B	0.01%
	GMED	B	0.01%
	EXEL	A	0.01%
	COLM	D	0.01%
	EEFT	F	0.01%
	FBP	B	0.01%
	EPAM	C	0.01%
	LPX	B	0.01%
	CPRI	D	0.01%
	IIPR	B	0.01%
	ENPH	F	0.01%
	VMI	B	0.01%
	KFY	B	0.01%
	VAC	F	0.01%
	TXRH	A	0.01%
	MTCH	B	0.01%
	VSTS	C	0.01%
	FRT	A	0.01%
	TTEK	A	0.01%
	VICR	C	0.0%
	NPK	C	0.0%
	SPWR	F	0.0%
	DDD	D	0.0%
	XPEL	C	0.0%
	CHUY	C	0.0%
	NARI	D	0.0%
	LESL	F	0.0%
	AGYS	B	0.0%
	VCEL	C	0.0%
	VREX	F	0.0%
	EMBC	C	0.0%
	GOGO	F	0.0%
	WOLF	F	0.0%
	HCI	D	0.0%
	PCRX	F	0.0%
	AAON	C	0.0%
	CEVA	D	0.0%
	SNCY	D	0.0%
	SITM	C	0.0%
	CLB	C	0.0%
	LQDT	B	0.0%
	TTGT	C	0.0%
	STAA	D	0.0%
	TNDM	D	0.0%
	TGI	C	0.0%
	BJRI	F	0.0%
	COHU	F	0.0%
	TRUP	B	0.0%
	MXL	F	0.0%
	RGNX	D	0.0%
	GKOS	C	0.0%
	CMP	D	0.0%
	NXRT	A	0.0%
	NABL	D	0.0%
	DGII	C	0.0%
	CRSR	F	0.0%
	PGNY	D	0.0%
	ARWR	D	0.0%
	ICHR	F	0.0%
	CERT	C	0.0%
	JBSS	B	0.0%
	PEN	F	0.0%
	MYE	C	0.0%
	EPAC	B	0.0%
	CPRX	B	0.0%
	CHCT	F	0.0%
	CELH	F	0.0%
	SSTK	C	0.0%
	PZZA	F	0.0%
	ELF	D	0.0%
	VVI	D	0.0%
	ASTE	D	0.0%
	DRQ	F	0.0%
	WSR	B	0.0%
	CTS	D	0.0%
	AHH	B	0.0%
	CARS	B	0.0%
	HSII	B	0.0%
	DV	C	0.0%
	IIIN	C	0.0%
	CYTK	D	0.0%
	COLL	B	0.0%
	PRLB	C	0.0%
	HRMY	C	0.0%
	CENT	D	0.0%
	WING	D	0.0%
	XNCR	F	0.0%
	SLAB	F	0.0%
	NUS	F	0.0%
	PRVA	B	0.0%
	EXTR	D	0.0%
	CVGW	F	0.0%
	USNA	F	0.0%
	YETI	D	0.0%
	CCRN	C	0.0%
	POWL	C	0.0%
	RGR	C	0.0%
	KNSL	B	0.0%
	RILY	F	0.0%
	AMPH	C	0.0%
	VIAV	D	0.0%
	SONO	F	0.0%
	AVNS	B	0.0%
	SMTC	D	0.0%
	IRDM	C	0.0%
	THRM	B	0.0%
	THRY	F	0.0%
	JACK	C	0.0%
	ALG	C	0.0%
	SPSC	B	0.0%
	BLKB	C	0.0%
	KOP	F	0.0%
	GDEN	C	0.0%
	BSIG	C	0.0%
	NX	C	0.0%
	SHEN	B	0.0%
	TILE	C	0.0%
	CNMD	F	0.0%
	UNIT	C	0.0%
	GPRE	C	0.0%
	HTLD	C	0.0%
	SEDG	F	0.0%
	DXPE	C	0.0%
	VECO	D	0.0%
	MCW	C	0.0%
	RCUS	D	0.0%
	BOX	B	0.0%
	SGH	C	0.0%
	LIVN	F	0.0%
	WNC	F	0.0%
	SMP	C	0.0%
	MGPI	B	0.0%
	PRA	D	0.0%
	QLYS	D	0.0%
	PLNT	C	0.0%
	PLMR	B	0.0%
	FIVE	F	0.0%
	HLIT	B	0.0%
	PAHC	B	0.0%
	SHAK	C	0.0%
	DFIN	C	0.0%
	PRGS	B	0.0%
	IRWD	D	0.0%
	REX	B	0.0%
	MD	C	0.0%
	PRFT	A	0.0%
	MANH	B	0.0%
	ALRM	C	0.0%
	CALX	B	0.0%
	USPH	C	0.0%
	NTCT	C	0.0%
	HAYN	A	0.0%
	CRVL	B	0.0%
	DVAX	F	0.0%
	LSCC	F	0.0%
	CENX	D	0.0%
	AMCX	F	0.0%
	ASTH	B	0.0%
	CNSL	A	0.0%
	MERC	F	0.0%
	NEO	B	0.0%
	RAMP	F	0.0%
	ENV	D	0.0%
	AIR	F	0.0%
	NVEE	C	0.0%
	SUPN	C	0.0%
	CVLT	B	0.0%
	ETH	D	0.0%
	EVTC	C	0.0%
	DBI	D	0.0%
	MTUS	D	0.0%
	SOLV	B	0.0%
	CACC	D	0.0%
	SAM	F	0.0%
	FLGT	C	0.0%
	JOE	B	0.0%
	PLAY	F	0.0%
	MRTN	C	0.0%
	GDOT	D	0.0%
	MOV	D	0.0%
	HELE	F	0.0%
	ZEUS	D	0.0%
	MP	F	0.0%
	QNST	B	0.0%
	ADUS	A	0.0%
	OXM	D	0.0%
	EYE	D	0.0%
	DIN	F	0.0%
	CSR	A	0.0%
	VTOL	B	0.0%
	UTL	A	0.0%
	BFS	A	0.0%
	EZPW	B	0.0%
	AMBC	F	0.0%

VLU Underweight 44 Positions Relative to PFM

	Symbol	Grade	Weight
	EPD	B	-0.29%
	MPLX	A	-0.2%
	BAH	D	-0.08%
	HEI	A	-0.06%
	AXS	B	-0.03%
	TRNO	A	-0.03%
	BOKF	C	-0.03%
	CNS	B	-0.02%
	KAI	C	-0.02%
	DDS	F	-0.02%
	HY	B	-0.01%
	GABC	C	-0.01%
	TCBK	C	-0.01%
	SRCE	B	-0.01%
	SYBT	C	-0.01%
	DKL	C	-0.01%
	WSBC	C	-0.01%
	AGM	C	-0.01%
	LMAT	B	-0.01%
	FRME	C	-0.01%
	TOWN	B	-0.01%
	FIBK	C	-0.01%
	FLIC	C	-0.0%
	BMRC	C	-0.0%
	ODC	F	-0.0%
	ARTNA	C	-0.0%
	JOUT	C	-0.0%
	CTO	A	-0.0%
	HIFS	B	-0.0%
	THFF	C	-0.0%
	AROW	C	-0.0%
	WASH	C	-0.0%
	CASS	D	-0.0%
	SMBC	B	-0.0%
	YORW	A	-0.0%
	PLOW	B	-0.0%
	HBNC	C	-0.0%
	GSBC	C	-0.0%
	MBWM	C	-0.0%
	ATRI	B	-0.0%
	FCBC	B	-0.0%
	PFC	C	-0.0%
	CTBI	B	-0.0%
	GRC	B	-0.0%

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 REIT - Retail Restaurants 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

PFM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Specialty Chemicals Insurance - Property & Casualty Business Services Asset Management Capital Markets Insurance - Life Packaged Foods REIT - Industrial Utilities - Diversified Utilities - Regulated Gas Utilities - Regulated Water Aerospace & Defense Drug Manufacturers - Major Medical Instruments & Supplies Semiconductors Tools & Accessories Building Materials

Keywords: S&P 500 Bank Banking Insurance Natural Gas Chemical Electricity Nasdaq 100 Mining Insurance Products Deposit Products Electronics Dow Jones Component Commercial Banking Real Estate Investment Trust Plastic Trust Services Aerospace Disability Financial Products