VLU vs. SPLG ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to SPDR Portfolio Large Cap ETF (SPLG)

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

$183.98

Average Daily Volume

11,970

Number of Holdings ^*

1423

* may have additional holdings in another (foreign) market

SPLG

SPDR Portfolio Large Cap ETF

SPLG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Large Cap Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the large-capitalization segment of the U.S. equity market. The fund may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.25

Average Daily Volume

6,320,922

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	VLU	SPLG
30 Days	1.71%	0.33%
60 Days	2.86%	2.28%
90 Days	5.99%	2.98%
12 Months	24.09%	28.24%

493 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in SPLG	Overlap
	A	C	0.04%	0.09%	0.04%
	AAL	D	0.06%	0.01%	0.01%
	AAPL	D	2.37%	6.57%	2.37%
	ABBV	C	0.46%	0.73%	0.46%
	ABNB	D	0.06%	0.11%	0.06%
	ABT	C	0.26%	0.43%	0.26%
	ACGL	B	0.14%	0.09%	0.09%
	ACN	C	0.32%	0.47%	0.32%
	ADBE	D	0.19%	0.49%	0.19%
	ADI	D	0.14%	0.23%	0.14%
	ADM	D	0.27%	0.06%	0.06%
	ADP	B	0.09%	0.24%	0.09%
	ADSK	B	0.03%	0.12%	0.03%
	AEE	B	0.09%	0.05%	0.05%
	AEP	B	0.18%	0.12%	0.12%
	AES	C	0.05%	0.03%	0.03%
	AFL	B	0.22%	0.12%	0.12%
	AIG	D	0.25%	0.1%	0.1%
	AIZ	B	0.04%	0.02%	0.02%
	AJG	C	0.06%	0.14%	0.06%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	F	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	A	0.16%	0.11%	0.11%
	ALLE	B	0.02%	0.03%	0.02%
	AMAT	D	0.12%	0.33%	0.12%
	AMCR	C	0.06%	0.03%	0.03%
	AMD	F	0.14%	0.52%	0.14%
	AME	C	0.03%	0.08%	0.03%
	AMGN	B	0.28%	0.38%	0.28%
	AMP	B	0.1%	0.09%	0.09%
	AMT	C	0.16%	0.24%	0.16%
	AMZN	C	1.94%	3.57%	1.94%
	ANET	B	0.07%	0.19%	0.07%
	ANSS	F	0.03%	0.06%	0.03%
	AON	B	0.07%	0.16%	0.07%
	AOS	C	0.02%	0.02%	0.02%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.14%	0.14%	0.14%
	APH	D	0.06%	0.16%	0.06%
	APTV	D	0.06%	0.04%	0.04%
	ARE	B	0.06%	0.04%	0.04%
	ATO	B	0.07%	0.04%	0.04%
	AVB	B	0.08%	0.07%	0.07%
	AVGO	C	0.42%	1.5%	0.42%
	AVY	D	0.02%	0.04%	0.02%
	AWK	A	0.06%	0.06%	0.06%
	AXON	B	0.01%	0.06%	0.01%
	AXP	B	0.34%	0.31%	0.31%
	AZO	D	0.07%	0.11%	0.07%
	BA	F	0.15%	0.19%	0.15%
	BAC	D	1.38%	0.56%	0.56%
	BALL	C	0.05%	0.04%	0.04%
	BAX	C	0.07%	0.04%	0.04%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	B	0.17%	0.04%	0.04%
	BDX	F	0.09%	0.14%	0.09%
	BEN	F	0.05%	0.01%	0.01%
	BG	D	0.13%	0.03%	0.03%
	BIIB	F	0.09%	0.06%	0.06%
	BIO	C	0.03%	0.01%	0.01%
	BK	A	0.27%	0.11%	0.11%
	BKNG	B	0.1%	0.29%	0.1%
	BKR	D	0.1%	0.07%	0.07%
	BLDR	C	0.05%	0.05%	0.05%
	BLK	A	0.2%	0.26%	0.2%
	BMY	C	0.33%	0.21%	0.21%
	BR	D	0.02%	0.05%	0.02%
	BRK.A	C	2.41%	1.72%	1.72%
	BRO	C	0.04%	0.05%	0.04%
	BSX	B	0.11%	0.26%	0.11%
	BWA	D	0.07%	0.02%	0.02%
	BX	B	0.12%	0.23%	0.12%
	BXP	B	0.06%	0.02%	0.02%
	C	D	0.99%	0.23%	0.23%
	CAG	B	0.08%	0.03%	0.03%
	CAH	C	0.25%	0.06%	0.06%
	CARR	B	0.09%	0.14%	0.09%
	CAT	C	0.23%	0.36%	0.23%
	CB	B	0.39%	0.25%	0.25%
	CBOE	C	0.03%	0.05%	0.03%
	CBRE	A	0.08%	0.08%	0.08%
	CCI	B	0.12%	0.11%	0.11%
	CCL	C	0.16%	0.04%	0.04%
	CDNS	D	0.02%	0.16%	0.02%
	CDW	D	0.04%	0.06%	0.04%
	CE	D	0.04%	0.03%	0.03%
	CEG	C	0.04%	0.13%	0.04%
	CF	B	0.06%	0.03%	0.03%
	CFG	D	0.17%	0.04%	0.04%
	CHD	C	0.03%	0.05%	0.03%
	CHRW	B	0.06%	0.02%	0.02%
	CHTR	D	0.3%	0.07%	0.07%
	CI	C	0.41%	0.22%	0.22%
	CINF	B	0.07%	0.05%	0.05%
	CL	C	0.11%	0.18%	0.11%
	CLX	C	0.03%	0.04%	0.03%
	CMCSA	D	0.61%	0.32%	0.32%
	CME	C	0.1%	0.17%	0.1%
	CMG	C	0.04%	0.17%	0.04%
	CMI	C	0.12%	0.09%	0.09%
	CMS	A	0.06%	0.04%	0.04%
	CNC	C	0.36%	0.09%	0.09%
	CNP	C	0.07%	0.04%	0.04%
	COF	C	0.48%	0.11%	0.11%
	COP	D	0.4%	0.26%	0.26%
	COST	C	0.3%	0.85%	0.3%
	CPAY	B	0.04%	0.05%	0.04%
	CPB	B	0.05%	0.02%	0.02%
	CPRT	D	0.03%	0.09%	0.03%
	CPT	B	0.04%	0.03%	0.03%
	CRL	D	0.01%	0.02%	0.01%
	CRM	D	0.23%	0.53%	0.23%
	CSCO	B	0.46%	0.43%	0.43%
	CSGP	D	0.03%	0.07%	0.03%
	CSX	D	0.11%	0.14%	0.11%
	CTAS	C	0.04%	0.15%	0.04%
	CTLT	B	0.01%	0.02%	0.01%
	CTRA	F	0.06%	0.04%	0.04%
	CTSH	C	0.11%	0.08%	0.08%
	CTVA	B	0.09%	0.08%	0.08%
	CVS	D	0.66%	0.15%	0.15%
	CVX	D	1.26%	0.51%	0.51%
	CZR	C	0.03%	0.02%	0.02%
	D	C	0.26%	0.1%	0.1%
	DAL	C	0.26%	0.06%	0.06%
	DAY	D	0.01%	0.02%	0.01%
	DD	B	0.18%	0.07%	0.07%
	DE	B	0.23%	0.21%	0.21%
	DECK	C	0.02%	0.05%	0.02%
	DFS	C	0.13%	0.07%	0.07%
	DG	F	0.05%	0.04%	0.04%
	DGX	B	0.06%	0.04%	0.04%
	DHI	B	0.13%	0.12%	0.12%
	DHR	B	0.13%	0.38%	0.13%
	DIS	D	0.26%	0.35%	0.26%
	DLR	B	0.04%	0.11%	0.04%
	DLTR	F	0.04%	0.03%	0.03%
	DOC	C	0.05%	0.03%	0.03%
	DOV	B	0.03%	0.05%	0.03%
	DOW	D	0.18%	0.08%	0.08%
	DPZ	F	0.01%	0.03%	0.01%
	DRI	C	0.04%	0.04%	0.04%
	DTE	B	0.1%	0.05%	0.05%
	DUK	C	0.36%	0.19%	0.19%
	DVA	B	0.08%	0.02%	0.02%
	DVN	F	0.13%	0.05%	0.05%
	DXCM	F	0.01%	0.06%	0.01%
	EA	D	0.05%	0.07%	0.05%
	EBAY	B	0.1%	0.07%	0.07%
	ECL	B	0.05%	0.14%	0.05%
	ED	C	0.14%	0.08%	0.08%
	EFX	C	0.02%	0.08%	0.02%
	EG	B	0.09%	0.04%	0.04%
	EIX	C	0.11%	0.07%	0.07%
	EL	F	0.04%	0.04%	0.04%
	ELV	C	0.42%	0.27%	0.27%
	EMN	B	0.05%	0.03%	0.03%
	EMR	D	0.13%	0.12%	0.12%
	ENPH	C	0.01%	0.03%	0.01%
	EOG	D	0.23%	0.15%	0.15%
	EPAM	D	0.01%	0.02%	0.01%
	EQIX	B	0.08%	0.18%	0.08%
	EQR	B	0.09%	0.06%	0.06%
	EQT	D	0.1%	0.04%	0.04%
	ES	C	0.09%	0.05%	0.05%
	ESS	B	0.05%	0.04%	0.04%
	ETN	C	0.11%	0.26%	0.11%
	ETR	A	0.14%	0.06%	0.06%
	ETSY	F	0.01%	0.01%	0.01%
	EVRG	A	0.07%	0.03%	0.03%
	EW	F	0.04%	0.09%	0.04%
	EXC	B	0.21%	0.08%	0.08%
	EXPD	B	0.04%	0.04%	0.04%
	EXPE	C	0.04%	0.04%	0.04%
	EXR	B	0.05%	0.08%	0.05%
	F	D	0.38%	0.09%	0.09%
	FANG	D	0.1%	0.07%	0.07%
	FAST	C	0.04%	0.08%	0.04%
	FCX	D	0.08%	0.13%	0.08%
	FDS	C	0.01%	0.04%	0.01%
	FDX	C	0.26%	0.14%	0.14%
	FE	C	0.07%	0.05%	0.05%
	FFIV	A	0.02%	0.03%	0.02%
	FICO	A	0.01%	0.1%	0.01%
	FIS	B	0.11%	0.1%	0.1%
	FITB	B	0.11%	0.06%	0.06%
	FMC	C	0.03%	0.02%	0.02%
	FOX	B	0.04%	0.01%	0.01%
	FOXA	B	0.09%	0.02%	0.02%
	FRT	C	0.02%	0.02%	0.02%
	FSLR	C	0.03%	0.05%	0.03%
	FTNT	C	0.04%	0.1%	0.04%
	FTV	C	0.03%	0.05%	0.03%
	GD	B	0.2%	0.15%	0.15%
	GDDY	C	0.03%	0.04%	0.03%
	GE	B	0.28%	0.42%	0.28%
	GEHC	C	0.03%	0.08%	0.03%
	GILD	B	0.34%	0.22%	0.22%
	GIS	B	0.12%	0.09%	0.09%
	GL	C	0.03%	0.02%	0.02%
	GLW	B	0.1%	0.07%	0.07%
	GM	B	0.48%	0.11%	0.11%
	GNRC	D	0.02%	0.02%	0.02%
	GOOG	D	1.13%	1.64%	1.13%
	GOOGL	D	0.69%	1.95%	0.69%
	GPC	D	0.06%	0.04%	0.04%
	GPN	D	0.06%	0.06%	0.06%
	GRMN	D	0.06%	0.06%	0.06%
	GS	D	0.51%	0.33%	0.33%
	GWW	B	0.05%	0.09%	0.05%
	HAL	F	0.07%	0.05%	0.05%
	HAS	B	0.03%	0.02%	0.02%
	HBAN	B	0.11%	0.04%	0.04%
	HCA	B	0.23%	0.16%	0.16%
	HD	B	0.51%	0.8%	0.51%
	HES	D	0.06%	0.07%	0.06%
	HIG	A	0.13%	0.07%	0.07%
	HII	C	0.03%	0.02%	0.02%
	HLT	B	0.02%	0.12%	0.02%
	HOLX	B	0.03%	0.04%	0.03%
	HON	D	0.21%	0.28%	0.21%
	HPE	D	0.2%	0.05%	0.05%
	HPQ	D	0.26%	0.06%	0.06%
	HRL	C	0.08%	0.02%	0.02%
	HSIC	C	0.03%	0.02%	0.02%
	HST	D	0.04%	0.03%	0.03%
	HSY	C	0.07%	0.06%	0.06%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	F	0.2%	0.08%	0.08%
	HWM	B	0.04%	0.08%	0.04%
	IBM	B	0.45%	0.42%	0.42%
	ICE	B	0.12%	0.2%	0.12%
	IDXX	C	0.02%	0.09%	0.02%
	IEX	D	0.01%	0.03%	0.01%
	IFF	B	0.06%	0.06%	0.06%
	INCY	C	0.02%	0.03%	0.02%
	INTC	F	0.27%	0.19%	0.19%
	INTU	D	0.06%	0.38%	0.06%
	INVH	C	0.05%	0.04%	0.04%
	IP	B	0.15%	0.04%	0.04%
	IPG	C	0.04%	0.03%	0.03%
	IQV	C	0.06%	0.09%	0.06%
	IR	C	0.02%	0.08%	0.02%
	IRM	B	0.05%	0.07%	0.05%
	ISRG	C	0.1%	0.37%	0.1%
	IT	B	0.03%	0.08%	0.03%
	ITW	B	0.09%	0.15%	0.09%
	IVZ	C	0.06%	0.02%	0.02%
	J	D	0.04%	0.04%	0.04%
	JBHT	D	0.03%	0.03%	0.03%
	JBL	D	0.04%	0.03%	0.03%
	JCI	B	0.15%	0.1%	0.1%
	JKHY	B	0.01%	0.03%	0.01%
	JNJ	B	0.89%	0.85%	0.85%
	JNPR	A	0.03%	0.03%	0.03%
	JPM	D	1.35%	1.26%	1.26%
	K	A	0.08%	0.04%	0.04%
	KDP	A	0.13%	0.08%	0.08%
	KEY	B	0.14%	0.03%	0.03%
	KEYS	C	0.03%	0.05%	0.03%
	KHC	C	0.25%	0.06%	0.06%
	KIM	B	0.04%	0.03%	0.03%
	KLAC	D	0.06%	0.21%	0.06%
	KMB	D	0.11%	0.1%	0.1%
	KMI	A	0.37%	0.09%	0.09%
	KMX	D	0.05%	0.03%	0.03%
	KO	B	0.44%	0.59%	0.44%
	KR	B	0.34%	0.08%	0.08%
	KVUE	B	0.23%	0.09%	0.09%
	L	B	0.13%	0.03%	0.03%
	LDOS	C	0.05%	0.04%	0.04%
	LEN	B	0.15%	0.1%	0.1%
	LHX	D	0.1%	0.09%	0.09%
	LIN	B	0.21%	0.48%	0.21%
	LKQ	D	0.04%	0.02%	0.02%
	LLY	C	0.24%	1.55%	0.24%
	LMT	C	0.36%	0.26%	0.26%
	LNT	A	0.04%	0.03%	0.03%
	LOW	B	0.23%	0.31%	0.23%
	LRCX	F	0.08%	0.21%	0.08%
	LULU	D	0.03%	0.06%	0.03%
	LUV	C	0.15%	0.04%	0.04%
	LVS	D	0.06%	0.03%	0.03%
	LW	D	0.01%	0.02%	0.01%
	LYB	F	0.22%	0.05%	0.05%
	LYV	B	0.03%	0.03%	0.03%
	MA	B	0.13%	0.86%	0.13%
	MAA	B	0.04%	0.04%	0.04%
	MAR	C	0.08%	0.12%	0.08%
	MAS	B	0.03%	0.04%	0.03%
	MCD	C	0.16%	0.45%	0.16%
	MCHP	D	0.05%	0.09%	0.05%
	MCK	F	0.35%	0.14%	0.14%
	MCO	A	0.04%	0.16%	0.04%
	MDLZ	B	0.22%	0.21%	0.21%
	MDT	C	0.35%	0.25%	0.25%
	MET	A	0.41%	0.1%	0.1%
	META	A	1.68%	2.46%	1.68%
	MGM	D	0.05%	0.02%	0.02%
	MHK	B	0.07%	0.02%	0.02%
	MKC	B	0.05%	0.05%	0.05%
	MKTX	C	0.01%	0.02%	0.01%
	MLM	D	0.03%	0.07%	0.03%
	MMC	C	0.13%	0.24%	0.13%
	MMM	B	0.29%	0.16%	0.16%
	MNST	C	0.05%	0.08%	0.05%
	MO	C	0.36%	0.19%	0.19%
	MOH	C	0.05%	0.04%	0.04%
	MOS	F	0.08%	0.02%	0.02%
	MPC	D	0.52%	0.12%	0.12%
	MPWR	C	0.01%	0.09%	0.01%
	MRK	D	0.38%	0.63%	0.38%
	MRNA	F	0.03%	0.05%	0.03%
	MRO	D	0.08%	0.03%	0.03%
	MS	D	0.49%	0.26%	0.26%
	MSCI	C	0.01%	0.1%	0.01%
	MSFT	C	1.54%	6.75%	1.54%
	MSI	C	0.04%	0.16%	0.04%
	MTB	B	0.15%	0.06%	0.06%
	MTCH	C	0.02%	0.02%	0.02%
	MTD	D	0.02%	0.06%	0.02%
	MU	F	0.13%	0.2%	0.13%
	NCLH	C	0.03%	0.02%	0.02%
	NDAQ	B	0.07%	0.06%	0.06%
	NDSN	C	0.02%	0.03%	0.02%
	NEE	B	0.4%	0.37%	0.37%
	NEM	B	0.18%	0.13%	0.13%
	NFLX	B	0.17%	0.63%	0.17%
	NI	B	0.06%	0.03%	0.03%
	NKE	D	0.13%	0.2%	0.13%
	NOC	B	0.16%	0.15%	0.15%
	NOW	A	0.06%	0.39%	0.06%
	NRG	C	0.05%	0.04%	0.04%
	NSC	C	0.12%	0.12%	0.12%
	NTAP	D	0.04%	0.05%	0.04%
	NTRS	B	0.07%	0.04%	0.04%
	NUE	F	0.12%	0.07%	0.07%
	NVDA	D	0.32%	6.05%	0.32%
	NVR	B	0.07%	0.06%	0.06%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.03%	0.02%	0.02%
	NXPI	D	0.08%	0.12%	0.08%
	O	B	0.13%	0.11%	0.11%
	ODFL	C	0.03%	0.07%	0.03%
	OKE	B	0.12%	0.12%	0.12%
	OMC	A	0.06%	0.04%	0.04%
	ON	D	0.05%	0.06%	0.05%
	ORCL	B	0.41%	0.57%	0.41%
	ORLY	B	0.07%	0.14%	0.07%
	OTIS	D	0.03%	0.08%	0.03%
	OXY	F	0.18%	0.07%	0.07%
	PANW	D	0.07%	0.24%	0.07%
	PARA	F	0.05%	0.01%	0.01%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	C	0.06%	0.09%	0.06%
	PCAR	D	0.11%	0.11%	0.11%
	PCG	C	0.12%	0.09%	0.09%
	PEG	B	0.14%	0.09%	0.09%
	PEP	C	0.39%	0.51%	0.39%
	PFE	C	0.87%	0.36%	0.36%
	PFG	B	0.16%	0.04%	0.04%
	PG	C	0.53%	0.88%	0.53%
	PGR	A	0.19%	0.32%	0.19%
	PH	B	0.09%	0.16%	0.09%
	PHM	B	0.07%	0.06%	0.06%
	PKG	B	0.04%	0.04%	0.04%
	PLD	C	0.16%	0.25%	0.16%
	PM	C	0.58%	0.41%	0.41%
	PNC	B	0.37%	0.15%	0.15%
	PNR	B	0.02%	0.03%	0.02%
	PNW	B	0.05%	0.02%	0.02%
	PODD	B	0.01%	0.03%	0.01%
	POOL	C	0.01%	0.03%	0.01%
	PPG	C	0.07%	0.06%	0.06%
	PPL	C	0.09%	0.05%	0.05%
	PRU	C	0.38%	0.09%	0.09%
	PSA	B	0.08%	0.12%	0.08%
	PSX	D	0.48%	0.11%	0.11%
	PTC	D	0.02%	0.04%	0.02%
	PWR	B	0.04%	0.08%	0.04%
	PYPL	B	0.17%	0.16%	0.16%
	QCOM	D	0.24%	0.39%	0.24%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	B	0.06%	0.08%	0.06%
	REG	C	0.04%	0.03%	0.03%
	REGN	C	0.16%	0.26%	0.16%
	RF	B	0.11%	0.04%	0.04%
	RJF	C	0.05%	0.05%	0.05%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.03%	0.08%	0.03%
	ROK	D	0.04%	0.06%	0.04%
	ROL	C	0.01%	0.03%	0.01%
	ROP	C	0.05%	0.12%	0.05%
	ROST	C	0.07%	0.11%	0.07%
	RSG	D	0.09%	0.09%	0.09%
	RTX	C	0.47%	0.33%	0.33%
	SBAC	C	0.02%	0.06%	0.02%
	SBUX	C	0.15%	0.23%	0.15%
	SCHW	D	0.21%	0.2%	0.2%
	SHW	B	0.06%	0.19%	0.06%
	SJM	C	0.05%	0.03%	0.03%
	SLB	F	0.13%	0.12%	0.12%
	SMCI	F	0.01%	0.05%	0.01%
	SNA	B	0.03%	0.03%	0.03%
	SNPS	D	0.04%	0.16%	0.04%
	SO	B	0.32%	0.21%	0.21%
	SOLV	C	0.01%	0.02%	0.01%
	SPG	B	0.06%	0.11%	0.06%
	SPGI	B	0.13%	0.36%	0.13%
	SRE	B	0.17%	0.11%	0.11%
	STE	C	0.03%	0.05%	0.03%
	STLD	D	0.07%	0.03%	0.03%
	STT	A	0.13%	0.05%	0.05%
	STX	D	0.04%	0.04%	0.04%
	STZ	C	0.05%	0.09%	0.05%
	SW	B	0.21%	0.05%	0.05%
	SWK	B	0.06%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYF	C	0.17%	0.04%	0.04%
	SYK	C	0.09%	0.27%	0.09%
	SYY	D	0.12%	0.08%	0.08%
	T	B	1.41%	0.34%	0.34%
	TAP	C	0.09%	0.02%	0.02%
	TDG	B	0.03%	0.16%	0.03%
	TDY	C	0.03%	0.04%	0.03%
	TECH	C	0.0%	0.03%	0.0%
	TEL	D	0.1%	0.09%	0.09%
	TER	D	0.02%	0.04%	0.02%
	TFC	D	0.5%	0.12%	0.12%
	TFX	C	0.02%	0.02%	0.02%
	TGT	C	0.23%	0.15%	0.15%
	TJX	C	0.17%	0.29%	0.17%
	TMO	C	0.18%	0.49%	0.18%
	TMUS	C	0.42%	0.22%	0.22%
	TPR	C	0.03%	0.02%	0.02%
	TRGP	B	0.07%	0.07%	0.07%
	TRMB	C	0.02%	0.03%	0.02%
	TROW	D	0.07%	0.05%	0.05%
	TRV	B	0.18%	0.12%	0.12%
	TSCO	C	0.04%	0.06%	0.04%
	TSLA	C	0.47%	1.33%	0.47%
	TSN	C	0.16%	0.04%	0.04%
	TT	B	0.08%	0.18%	0.08%
	TTWO	D	0.02%	0.05%	0.02%
	TXN	C	0.24%	0.38%	0.24%
	TXT	D	0.04%	0.04%	0.04%
	TYL	C	0.02%	0.05%	0.02%
	UAL	B	0.15%	0.04%	0.04%
	UBER	C	0.09%	0.31%	0.09%
	UDR	B	0.03%	0.03%	0.03%
	UHS	B	0.06%	0.03%	0.03%
	ULTA	D	0.03%	0.04%	0.03%
	UNH	C	1.22%	1.14%	1.14%
	UNP	B	0.24%	0.32%	0.24%
	UPS	D	0.37%	0.2%	0.2%
	URI	B	0.07%	0.1%	0.07%
	USB	B	0.36%	0.15%	0.15%
	V	B	0.41%	0.96%	0.41%
	VICI	C	0.1%	0.07%	0.07%
	VLO	D	0.4%	0.09%	0.09%
	VLTO	C	0.02%	0.05%	0.02%
	VMC	D	0.03%	0.07%	0.03%
	VRSK	D	0.01%	0.08%	0.01%
	VRSN	D	0.02%	0.03%	0.02%
	VRTX	D	0.11%	0.27%	0.11%
	VST	C	0.07%	0.06%	0.06%
	VTR	C	0.09%	0.06%	0.06%
	VTRS	C	0.13%	0.03%	0.03%
	VZ	B	1.69%	0.4%	0.4%
	WAB	A	0.04%	0.06%	0.04%
	WAT	C	0.02%	0.04%	0.02%
	WBA	F	0.06%	0.01%	0.01%
	WBD	D	0.17%	0.04%	0.04%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.1%	0.06%	0.06%
	WELL	B	0.12%	0.16%	0.12%
	WFC	D	0.96%	0.39%	0.39%
	WM	D	0.1%	0.16%	0.1%
	WMB	B	0.16%	0.12%	0.12%
	WMT	B	1.8%	0.72%	0.72%
	WRB	C	0.05%	0.04%	0.04%
	WST	D	0.01%	0.05%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WY	C	0.07%	0.05%	0.05%
	WYNN	D	0.02%	0.02%	0.02%
	XEL	A	0.14%	0.08%	0.08%
	XOM	D	1.97%	1.07%	1.07%
	XYL	D	0.03%	0.07%	0.03%
	YUM	D	0.03%	0.08%	0.03%
	ZBH	F	0.05%	0.05%	0.05%
	ZBRA	B	0.02%	0.04%	0.02%
	ZTS	B	0.05%	0.19%	0.05%

VLU Overweight 930 Positions Relative to SPLG

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

VLU Underweight 3 Positions Relative to SPLG

	Symbol	Grade	Weight
	KKR	B	-0.18%
	CRWD	F	-0.13%
	GEV	B	-0.13%

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

SPLG: Top Represented Industries & Keywords

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

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