VLU vs. VYM ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$179.71

Average Daily Volume

10,410

Number of Holdings ^*

1425

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$124.69

Average Daily Volume

773,607

Number of Holdings ^*

542

* may have additional holdings in another (foreign) market

Performance

Period	VLU	VYM
30 Days	4.59%	5.06%
60 Days	4.63%	4.50%
90 Days	7.58%	7.67%
12 Months	19.02%	16.58%

477 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in VYM	Overlap
	AAP	F	0.03%	0.02%	0.02%
	ABBV	A	0.44%	1.84%	0.44%
	ABM	A	0.03%	0.02%	0.02%
	ABT	C	0.24%	1.09%	0.24%
	ADI	D	0.14%	0.69%	0.14%
	ADM	D	0.29%	0.18%	0.18%
	ADP	B	0.08%	0.59%	0.08%
	AEE	B	0.08%	0.11%	0.08%
	AEP	A	0.17%	0.28%	0.17%
	AES	D	0.05%	0.08%	0.05%
	AFG	B	0.08%	0.05%	0.05%
	AFL	A	0.2%	0.31%	0.2%
	AGCO	F	0.03%	0.04%	0.03%
	AGO	C	0.02%	0.02%	0.02%
	AIG	A	0.27%	0.3%	0.27%
	AIZ	B	0.04%	0.05%	0.04%
	AL	B	0.05%	0.03%	0.03%
	ALE	A	0.02%	0.02%	0.02%
	ALGT	D	0.01%	0.0%	0.0%
	ALL	C	0.15%	0.25%	0.15%
	ALLY	A	0.11%	0.07%	0.07%
	ALV	F	0.02%	0.05%	0.02%
	AM	D	0.02%	0.03%	0.02%
	AMGN	C	0.29%	1.02%	0.29%
	AMP	D	0.1%	0.26%	0.1%
	APA	D	0.06%	0.06%	0.06%
	APAM	B	0.01%	0.02%	0.01%
	APD	D	0.13%	0.35%	0.13%
	APOG	B	0.01%	0.01%	0.01%
	ARCH	F	0.02%	0.02%	0.02%
	AROC	C	0.01%	0.02%	0.01%
	ASB	C	0.03%	0.02%	0.02%
	ATO	A	0.06%	0.11%	0.06%
	AUB	B	0.02%	0.02%	0.02%
	AVA	B	0.02%	0.02%	0.02%
	AVGO	D	0.39%	4.42%	0.39%
	AVNT	B	0.02%	0.02%	0.02%
	AVT	B	0.04%	0.03%	0.03%
	AWK	A	0.06%	0.15%	0.06%
	AWR	B	0.01%	0.02%	0.01%
	B	C	0.01%	0.01%	0.01%
	BAC	D	1.5%	1.64%	1.5%
	BANF	B	0.01%	0.01%	0.01%
	BANR	C	0.02%	0.01%	0.01%
	BAX	D	0.06%	0.1%	0.06%
	BBWI	F	0.02%	0.05%	0.02%
	BBY	C	0.15%	0.11%	0.11%
	BC	D	0.02%	0.03%	0.02%
	BCPC	B	0.01%	0.03%	0.01%
	BEN	D	0.06%	0.04%	0.04%
	BERY	B	0.04%	0.04%	0.04%
	BG	D	0.15%	0.09%	0.09%
	BHE	A	0.02%	0.01%	0.01%
	BHLB	B	0.01%	0.01%	0.01%
	BK	A	0.26%	0.27%	0.26%
	BKE	B	0.01%	0.01%	0.01%
	BKH	A	0.04%	0.02%	0.02%
	BKR	A	0.11%	0.21%	0.11%
	BKU	B	0.03%	0.01%	0.01%
	BLK	A	0.19%	0.7%	0.19%
	BLMN	D	0.01%	0.01%	0.01%
	BMY	C	0.34%	0.51%	0.34%
	BOH	B	0.01%	0.01%	0.01%
	BRKL	B	0.01%	0.0%	0.0%
	BTU	F	0.02%	0.02%	0.02%
	BX	B	0.12%	0.53%	0.12%
	C	B	1.14%	0.74%	0.74%
	CABO	D	0.02%	0.01%	0.01%
	CACC	B	0.0%	0.02%	0.0%
	CADE	B	0.02%	0.03%	0.02%
	CAG	B	0.08%	0.08%	0.08%
	CAH	D	0.22%	0.14%	0.14%
	CAKE	C	0.01%	0.01%	0.01%
	CALM	A	0.03%	0.02%	0.02%
	CAT	C	0.23%	0.99%	0.23%
	CATY	B	0.03%	0.02%	0.02%
	CB	A	0.37%	0.63%	0.37%
	CBRL	D	0.01%	0.01%	0.01%
	CBSH	B	0.02%	0.04%	0.02%
	CBT	B	0.02%	0.03%	0.02%
	CBU	B	0.01%	0.02%	0.01%
	CC	F	0.02%	0.02%	0.02%
	CCOI	C	0.01%	0.01%	0.01%
	CE	F	0.05%	0.07%	0.05%
	CF	D	0.06%	0.08%	0.06%
	CFFN	C	0.01%	0.0%	0.0%
	CFG	B	0.18%	0.1%	0.1%
	CFR	B	0.02%	0.04%	0.02%
	CG	B	0.02%	0.05%	0.02%
	CHCO	B	0.01%	0.01%	0.01%
	CHK	F	0.08%	0.07%	0.07%
	CHRD	D	0.1%	0.06%	0.06%
	CHRW	C	0.05%	0.06%	0.05%
	CI	B	0.39%	0.56%	0.39%
	CINF	A	0.06%	0.11%	0.06%
	CIVI	C	0.06%	0.04%	0.04%
	CL	B	0.1%	0.48%	0.1%
	CLX	F	0.03%	0.08%	0.03%
	CMA	B	0.06%	0.04%	0.04%
	CMCSA	C	0.62%	0.92%	0.62%
	CME	F	0.1%	0.43%	0.1%
	CMI	B	0.12%	0.23%	0.12%
	CMS	A	0.06%	0.11%	0.06%
	CNO	A	0.03%	0.02%	0.02%
	CNP	F	0.07%	0.12%	0.07%
	COLB	B	0.05%	0.03%	0.03%
	COP	F	0.43%	0.81%	0.43%
	CPB	B	0.05%	0.05%	0.05%
	CPK	B	0.01%	0.01%	0.01%
	CRC	C	0.02%	0.02%	0.02%
	CRI	F	0.01%	0.01%	0.01%
	CRS	B	0.02%	0.03%	0.02%
	CSCO	C	0.45%	1.17%	0.45%
	CSGS	D	0.0%	0.01%	0.0%
	CTRA	F	0.06%	0.12%	0.06%
	CVBF	C	0.02%	0.01%	0.01%
	CVI	D	0.01%	0.01%	0.01%
	CVS	D	0.7%	0.45%	0.45%
	CVX	B	1.43%	1.58%	1.43%
	CWEN	C	0.02%	0.0%	0.0%
	CWEN	C	0.02%	0.01%	0.01%
	CWEN	C	0.01%	0.0%	0.0%
	CWEN	C	0.01%	0.01%	0.01%
	CWT	A	0.01%	0.02%	0.01%
	D	A	0.23%	0.25%	0.23%
	DAN	D	0.01%	0.01%	0.01%
	DD	B	0.18%	0.2%	0.18%
	DFS	B	0.14%	0.2%	0.14%
	DGX	C	0.05%	0.09%	0.05%
	DINO	F	0.07%	0.05%	0.05%
	DKS	C	0.04%	0.07%	0.04%
	DLX	B	0.01%	0.01%	0.01%
	DOW	D	0.19%	0.23%	0.19%
	DRI	D	0.04%	0.11%	0.04%
	DTE	A	0.1%	0.14%	0.1%
	DTM	A	0.02%	0.04%	0.02%
	DUK	A	0.33%	0.47%	0.33%
	DVN	D	0.16%	0.18%	0.16%
	EBAY	A	0.08%	0.16%	0.08%
	ED	A	0.13%	0.19%	0.13%
	EG	B	0.09%	0.1%	0.09%
	EIG	A	0.01%	0.01%	0.01%
	EIX	A	0.1%	0.17%	0.1%
	EL	F	0.05%	0.15%	0.05%
	EMBC	C	0.0%	0.0%	0.0%
	EMN	B	0.05%	0.07%	0.05%
	EMR	B	0.15%	0.38%	0.15%
	ENR	C	0.01%	0.01%	0.01%
	EOG	C	0.25%	0.44%	0.25%
	EQH	B	0.07%	0.08%	0.07%
	EQT	F	0.11%	0.1%	0.1%
	ES	B	0.09%	0.12%	0.09%
	ESNT	B	0.02%	0.04%	0.02%
	ETN	D	0.11%	0.76%	0.11%
	ETR	A	0.13%	0.14%	0.13%
	EVR	B	0.02%	0.05%	0.02%
	EVRG	A	0.07%	0.07%	0.07%
	EWBC	B	0.05%	0.06%	0.05%
	EXC	C	0.19%	0.21%	0.19%
	F	D	0.4%	0.3%	0.3%
	FAF	B	0.03%	0.03%	0.03%
	FANG	B	0.12%	0.22%	0.12%
	FAST	C	0.04%	0.22%	0.04%
	FBP	B	0.01%	0.02%	0.01%
	FCF	B	0.01%	0.01%	0.01%
	FDP	C	0.01%	0.0%	0.0%
	FDX	B	0.27%	0.41%	0.27%
	FE	A	0.07%	0.13%	0.07%
	FFBC	B	0.02%	0.01%	0.01%
	FFIN	B	0.01%	0.02%	0.01%
	FHB	B	0.02%	0.02%	0.02%
	FHN	B	0.05%	0.05%	0.05%
	FIS	B	0.1%	0.26%	0.1%
	FITB	A	0.11%	0.15%	0.11%
	FLO	D	0.02%	0.03%	0.02%
	FLS	B	0.02%	0.04%	0.02%
	FMC	C	0.03%	0.04%	0.03%
	FNB	B	0.03%	0.03%	0.03%
	FNF	B	0.07%	0.08%	0.07%
	FOX	A	0.04%	0.03%	0.03%
	FOXA	A	0.08%	0.05%	0.05%
	FULT	C	0.02%	0.02%	0.02%
	GATX	C	0.02%	0.03%	0.02%
	GBCI	B	0.02%	0.03%	0.02%
	GBX	C	0.02%	0.01%	0.01%
	GD	B	0.2%	0.48%	0.2%
	GEF	C	0.02%	0.01%	0.01%
	GES	C	0.01%	0.0%	0.0%
	GILD	C	0.32%	0.52%	0.32%
	GIS	C	0.11%	0.22%	0.11%
	GLW	C	0.1%	0.18%	0.1%
	GPC	C	0.06%	0.12%	0.06%
	GPS	D	0.04%	0.03%	0.03%
	GRMN	C	0.06%	0.15%	0.06%
	GS	B	0.54%	0.86%	0.54%
	HAL	D	0.09%	0.18%	0.09%
	HAS	C	0.03%	0.05%	0.03%
	HBAN	B	0.11%	0.11%	0.11%
	HD	B	0.48%	2.07%	0.48%
	HI	C	0.01%	0.02%	0.01%
	HIG	B	0.13%	0.18%	0.13%
	HII	B	0.03%	0.06%	0.03%
	HLI	B	0.01%	0.04%	0.01%
	HMN	C	0.01%	0.01%	0.01%
	HNI	B	0.01%	0.01%	0.01%
	HOG	C	0.03%	0.02%	0.02%
	HOMB	B	0.02%	0.03%	0.02%
	HON	D	0.21%	0.84%	0.21%
	HOPE	B	0.02%	0.01%	0.01%
	HP	C	0.04%	0.02%	0.02%
	HPE	D	0.23%	0.17%	0.17%
	HPQ	C	0.29%	0.21%	0.21%
	HRB	A	0.03%	0.05%	0.03%
	HRL	C	0.08%	0.05%	0.05%
	HSY	C	0.06%	0.16%	0.06%
	HTH	C	0.02%	0.01%	0.01%
	HUBB	C	0.02%	0.12%	0.02%
	HWC	C	0.03%	0.02%	0.02%
	IBM	B	0.41%	0.88%	0.41%
	IBOC	B	0.02%	0.02%	0.02%
	IBTX	B	0.02%	0.01%	0.01%
	IDA	B	0.02%	0.03%	0.02%
	IFF	B	0.06%	0.15%	0.06%
	INDB	B	0.01%	0.01%	0.01%
	INGR	A	0.03%	0.05%	0.03%
	INTC	F	0.44%	0.8%	0.44%
	IP	B	0.15%	0.09%	0.09%
	IPG	C	0.04%	0.07%	0.04%
	IRDM	D	0.0%	0.02%	0.0%
	ITW	C	0.09%	0.43%	0.09%
	IVZ	B	0.07%	0.03%	0.03%
	JACK	D	0.0%	0.01%	0.0%
	JCI	C	0.14%	0.27%	0.14%
	JEF	A	0.05%	0.05%	0.05%
	JHG	A	0.04%	0.03%	0.03%
	JJSF	B	0.01%	0.02%	0.01%
	JNJ	B	0.86%	2.14%	0.86%
	JNPR	A	0.03%	0.07%	0.03%
	JPM	B	1.42%	3.51%	1.42%
	JWN	B	0.02%	0.01%	0.01%
	JXN	B	0.06%	0.03%	0.03%
	K	D	0.06%	0.09%	0.06%
	KALU	D	0.01%	0.01%	0.01%
	KDP	B	0.12%	0.21%	0.12%
	KEY	B	0.14%	0.08%	0.08%
	KFY	B	0.01%	0.02%	0.01%
	KHC	C	0.24%	0.17%	0.17%
	KLG	D	0.01%	0.01%	0.01%
	KMB	D	0.11%	0.28%	0.11%
	KMI	B	0.37%	0.23%	0.23%
	KMPR	B	0.02%	0.02%	0.02%
	KMT	B	0.01%	0.01%	0.01%
	KO	B	0.42%	1.5%	0.42%
	KR	B	0.33%	0.2%	0.2%
	KSS	F	0.02%	0.02%	0.02%
	KTB	B	0.01%	0.02%	0.01%
	KW	C	0.01%	0.01%	0.01%
	LANC	C	0.01%	0.02%	0.01%
	LCII	C	0.01%	0.02%	0.01%
	LEA	D	0.06%	0.04%	0.04%
	LEG	D	0.02%	0.01%	0.01%
	LHX	C	0.1%	0.26%	0.1%
	LKQ	D	0.04%	0.07%	0.04%
	LMT	A	0.34%	0.6%	0.34%
	LNC	B	0.05%	0.03%	0.03%
	LNT	A	0.04%	0.08%	0.04%
	LOW	B	0.22%	0.76%	0.22%
	LUV	F	0.15%	0.1%	0.1%
	LYB	B	0.23%	0.15%	0.15%
	LZB	B	0.01%	0.01%	0.01%
	M	F	0.04%	0.03%	0.03%
	MAN	B	0.03%	0.02%	0.02%
	MATV	B	0.01%	0.01%	0.01%
	MATW	D	0.0%	0.0%	0.0%
	MC	B	0.01%	0.02%	0.01%
	MCD	C	0.14%	1.11%	0.14%
	MCHP	D	0.06%	0.29%	0.06%
	MCY	B	0.01%	0.01%	0.01%
	MDLZ	C	0.2%	0.53%	0.2%
	MDT	C	0.31%	0.63%	0.31%
	MDU	A	0.03%	0.03%	0.03%
	MET	A	0.41%	0.25%	0.25%
	MGEE	B	0.01%	0.02%	0.01%
	MGY	A	0.02%	0.03%	0.02%
	MKC	C	0.04%	0.11%	0.04%
	MLKN	B	0.02%	0.01%	0.01%
	MMM	A	0.28%	0.34%	0.28%
	MNRO	C	0.01%	0.0%	0.0%
	MO	C	0.35%	0.47%	0.35%
	MOS	D	0.09%	0.06%	0.06%
	MPC	D	0.55%	0.37%	0.37%
	MRK	F	0.41%	1.9%	0.41%
	MRO	C	0.09%	0.1%	0.09%
	MS	B	0.52%	0.68%	0.52%
	MSM	D	0.02%	0.02%	0.02%
	MTB	B	0.15%	0.15%	0.15%
	MTG	B	0.03%	0.04%	0.03%
	MTN	D	0.02%	0.04%	0.02%
	MUR	D	0.05%	0.04%	0.04%
	NAVI	C	0.01%	0.01%	0.01%
	NBTB	B	0.01%	0.01%	0.01%
	NEE	C	0.36%	0.88%	0.36%
	NEM	A	0.16%	0.29%	0.16%
	NFG	A	0.03%	0.03%	0.03%
	NI	A	0.06%	0.08%	0.06%
	NJR	A	0.02%	0.03%	0.02%
	NOG	A	0.03%	0.02%	0.02%
	NRG	D	0.05%	0.1%	0.05%
	NSC	B	0.12%	0.29%	0.12%
	NSP	D	0.01%	0.02%	0.01%
	NTAP	B	0.04%	0.16%	0.04%
	NTRS	B	0.07%	0.1%	0.07%
	NUS	F	0.0%	0.0%	0.0%
	NVT	D	0.02%	0.08%	0.02%
	NWBI	B	0.02%	0.01%	0.01%
	NWE	B	0.02%	0.02%	0.02%
	NWL	C	0.03%	0.02%	0.02%
	NWN	B	0.01%	0.01%	0.01%
	NXPI	D	0.08%	0.42%	0.08%
	NXST	A	0.03%	0.03%	0.03%
	OGE	A	0.03%	0.04%	0.03%
	OGN	B	0.05%	0.03%	0.03%
	OGS	C	0.04%	0.02%	0.02%
	OKE	B	0.11%	0.29%	0.11%
	OMC	A	0.06%	0.1%	0.06%
	ONB	B	0.03%	0.03%	0.03%
	ORI	A	0.05%	0.05%	0.05%
	OSK	D	0.03%	0.04%	0.03%
	OTTR	B	0.01%	0.02%	0.01%
	OVV	F	0.11%	0.08%	0.08%
	OXM	C	0.0%	0.01%	0.0%
	OZK	C	0.04%	0.03%	0.03%
	PAG	B	0.03%	0.02%	0.02%
	PARA	D	0.05%	0.03%	0.03%
	PAYX	A	0.05%	0.23%	0.05%
	PB	B	0.03%	0.03%	0.03%
	PBF	F	0.04%	0.03%	0.03%
	PCAR	F	0.12%	0.32%	0.12%
	PDCO	D	0.02%	0.01%	0.01%
	PEG	B	0.13%	0.22%	0.13%
	PEP	B	0.38%	1.37%	0.38%
	PFE	C	0.92%	0.96%	0.92%
	PFG	C	0.16%	0.11%	0.11%
	PFS	B	0.02%	0.01%	0.01%
	PG	D	0.52%	2.36%	0.52%
	PGR	C	0.16%	0.74%	0.16%
	PHIN	B	0.01%	0.01%	0.01%
	PII	D	0.02%	0.02%	0.02%
	PINC	C	0.01%	0.01%	0.01%
	PIPR	B	0.01%	0.02%	0.01%
	PKG	A	0.04%	0.1%	0.04%
	PM	A	0.53%	0.95%	0.53%
	PNC	A	0.38%	0.37%	0.37%
	PNM	B	0.02%	0.02%	0.02%
	PNW	A	0.05%	0.05%	0.05%
	POR	B	0.02%	0.03%	0.02%
	PPBI	C	0.02%	0.01%	0.01%
	PPG	F	0.07%	0.18%	0.07%
	PPL	A	0.09%	0.12%	0.09%
	PR	D	0.03%	0.06%	0.03%
	PRGO	D	0.02%	0.02%	0.02%
	PRK	C	0.01%	0.01%	0.01%
	PRU	B	0.41%	0.25%	0.25%
	PSX	C	0.55%	0.36%	0.36%
	PTEN	D	0.02%	0.03%	0.02%
	PZZA	F	0.0%	0.01%	0.0%
	QCOM	D	0.26%	1.35%	0.26%
	R	B	0.05%	0.03%	0.03%
	RDN	B	0.03%	0.03%	0.03%
	RF	C	0.11%	0.11%	0.11%
	RGA	A	0.13%	0.08%	0.08%
	RGR	C	0.0%	0.0%	0.0%
	RHI	F	0.02%	0.04%	0.02%
	RL	D	0.03%	0.04%	0.03%
	RLI	A	0.01%	0.04%	0.01%
	RNST	C	0.02%	0.01%	0.01%
	ROK	C	0.04%	0.19%	0.04%
	RPM	A	0.02%	0.08%	0.02%
	RRC	F	0.03%	0.05%	0.03%
	RS	C	0.05%	0.1%	0.05%
	RTX	A	0.45%	0.81%	0.45%
	SAFT	C	0.01%	0.01%	0.01%
	SBCF	C	0.01%	0.01%	0.01%
	SBUX	D	0.11%	0.53%	0.11%
	SCHL	F	0.01%	0.0%	0.0%
	SEE	C	0.02%	0.03%	0.02%
	SEM	B	0.02%	0.02%	0.02%
	SF	A	0.03%	0.05%	0.03%
	SFBS	B	0.01%	0.02%	0.01%
	SFNC	B	0.02%	0.01%	0.01%
	SHOO	B	0.01%	0.02%	0.01%
	SJM	C	0.05%	0.07%	0.05%
	SJW	C	0.0%	0.01%	0.0%
	SLB	D	0.16%	0.41%	0.16%
	SLM	C	0.02%	0.03%	0.02%
	SLVM	B	0.01%	0.01%	0.01%
	SMG	B	0.01%	0.02%	0.01%
	SNA	B	0.03%	0.08%	0.03%
	SNV	B	0.04%	0.04%	0.04%
	SO	A	0.3%	0.52%	0.3%
	SON	F	0.03%	0.03%	0.03%
	SR	C	0.02%	0.02%	0.02%
	SRE	A	0.16%	0.29%	0.16%
	SSB	B	0.03%	0.04%	0.03%
	SSTK	C	0.0%	0.01%	0.0%
	STBA	B	0.01%	0.01%	0.01%
	STRA	D	0.01%	0.01%	0.01%
	STT	A	0.13%	0.13%	0.13%
	STX	C	0.05%	0.12%	0.05%
	SWK	B	0.06%	0.07%	0.06%
	SWKS	C	0.06%	0.1%	0.06%
	SWX	C	0.02%	0.03%	0.02%
	SXT	C	0.01%	0.02%	0.01%
	SYF	B	0.19%	0.11%	0.11%
	SYY	B	0.12%	0.22%	0.12%
	T	B	1.24%	0.83%	0.83%
	TAP	D	0.09%	0.05%	0.05%
	TDS	C	0.02%	0.01%	0.01%
	TFC	A	0.54%	0.31%	0.31%
	TGNA	B	0.03%	0.01%	0.01%
	TGT	C	0.23%	0.41%	0.23%
	THG	A	0.02%	0.03%	0.02%
	TNC	C	0.0%	0.01%	0.0%
	TNL	C	0.02%	0.02%	0.02%
	TPR	D	0.03%	0.06%	0.03%
	TRGP	B	0.07%	0.17%	0.07%
	TRMK	B	0.01%	0.01%	0.01%
	TRN	B	0.02%	0.01%	0.01%
	TROW	D	0.07%	0.15%	0.07%
	TRV	B	0.16%	0.28%	0.16%
	TSN	A	0.16%	0.1%	0.1%
	TXN	B	0.25%	1.07%	0.25%
	UBSI	B	0.02%	0.03%	0.02%
	UCBI	B	0.01%	0.02%	0.01%
	UGI	B	0.05%	0.03%	0.03%
	UMBF	B	0.02%	0.02%	0.02%
	UNM	A	0.09%	0.06%	0.06%
	UNP	B	0.23%	0.84%	0.23%
	UPS	F	0.37%	0.6%	0.37%
	USB	C	0.37%	0.33%	0.33%
	UVV	C	0.01%	0.01%	0.01%
	VAC	F	0.01%	0.02%	0.01%
	VFC	C	0.05%	0.03%	0.03%
	VGR	B	0.02%	0.01%	0.01%
	VLO	C	0.47%	0.31%	0.31%
	VLY	C	0.03%	0.02%	0.02%
	VOYA	D	0.04%	0.04%	0.04%
	VRTS	C	0.01%	0.01%	0.01%
	VSH	C	0.02%	0.02%	0.02%
	VST	D	0.06%	0.18%	0.06%
	VTRS	C	0.13%	0.08%	0.08%
	VZ	B	1.54%	1.05%	1.05%
	WABC	C	0.0%	0.01%	0.0%
	WAFD	B	0.02%	0.01%	0.01%
	WBA	F	0.08%	0.05%	0.05%
	WBS	B	0.04%	0.04%	0.04%
	WD	C	0.01%	0.02%	0.01%
	WEC	A	0.09%	0.15%	0.09%
	WEN	D	0.01%	0.02%	0.01%
	WFC	C	1.11%	1.26%	1.11%
	WGO	D	0.01%	0.01%	0.01%
	WH	B	0.01%	0.04%	0.01%
	WHR	D	0.05%	0.03%	0.03%
	WM	D	0.09%	0.52%	0.09%
	WMB	C	0.15%	0.31%	0.15%
	WMT	C	1.57%	1.78%	1.57%
	WOR	F	0.02%	0.01%	0.01%
	WRB	B	0.05%	0.1%	0.05%
	WSM	C	0.03%	0.11%	0.03%
	WSO	C	0.04%	0.1%	0.04%
	WTRG	C	0.03%	0.06%	0.03%
	WU	D	0.04%	0.03%	0.03%
	XEL	B	0.13%	0.18%	0.13%
	XOM	B	2.1%	3.13%	2.1%
	XRX	F	0.01%	0.01%	0.01%
	YUM	D	0.03%	0.23%	0.03%
	ZION	B	0.07%	0.04%	0.04%

VLU Overweight 950 Positions Relative to VYM

	Symbol	Grade	Weight
	BRK.A	C	2.37%
	AAPL	B	2.34%
	AMZN	D	1.91%
	MSFT	D	1.54%
	META	D	1.5%
	GOOG	D	1.21%
	UNH	A	1.17%
	GOOGL	D	0.74%
	COF	A	0.52%
	GM	D	0.46%
	TSLA	C	0.45%
	ELV	C	0.41%
	MCK	A	0.41%
	V	F	0.38%
	ORCL	B	0.36%
	TMUS	B	0.36%
	CNC	B	0.35%
	AXP	A	0.33%
	CHTR	C	0.33%
	NVDA	D	0.31%
	ACN	C	0.3%
	COST	D	0.27%
	GE	B	0.27%
	DAL	D	0.26%
	DIS	F	0.26%
	HUM	D	0.25%
	SCHW	F	0.23%
	SW	F	0.23%
	CRM	D	0.23%
	DE	D	0.22%
	HCA	A	0.21%
	OXY	F	0.21%
	LLY	D	0.21%
	LIN	B	0.2%
	KVUE	F	0.19%
	ADBE	C	0.19%
	TMO	A	0.18%
	WBD	D	0.17%
	BA	D	0.17%
	MU	D	0.16%
	NFLX	D	0.16%
	CCL	D	0.16%
	TJX	B	0.16%
	REGN	B	0.15%
	AMT	A	0.15%
	NOC	A	0.15%
	PLD	B	0.15%
	DHR	A	0.14%
	PYPL	C	0.14%
	UAL	D	0.14%
	LEN	B	0.14%
	AMD	F	0.13%
	NUE	D	0.13%
	L	B	0.13%
	AMAT	D	0.13%
	VRTX	B	0.12%
	O	B	0.12%
	NKE	F	0.12%
	ACGL	D	0.12%
	MA	C	0.12%
	MMC	A	0.12%
	DHI	B	0.12%
	SPGI	C	0.12%
	WELL	B	0.11%
	TEL	B	0.11%
	CCI	B	0.11%
	CSX	C	0.11%
	CTSH	B	0.11%
	ICE	A	0.11%
	PCG	B	0.11%
	VICI	B	0.1%
	BSX	D	0.1%
	BIIB	F	0.1%
	MAR	F	0.09%
	SNX	D	0.09%
	CTVA	B	0.09%
	RSG	C	0.09%
	FCX	D	0.09%
	ISRG	B	0.09%
	BKNG	D	0.09%
	LRCX	D	0.09%
	BDX	C	0.09%
	PFGC	C	0.09%
	CARR	B	0.08%
	CBRE	B	0.08%
	UBER	F	0.08%
	DG	F	0.08%
	MHK	B	0.08%
	STLD	C	0.08%
	EQR	C	0.08%
	PH	A	0.08%
	SYK	D	0.08%
	X	C	0.08%
	SWN	F	0.07%
	HES	C	0.07%
	DVA	D	0.07%
	EQIX	C	0.07%
	AVB	C	0.07%
	AZO	B	0.07%
	BWA	D	0.07%
	WY	C	0.07%
	TT	B	0.07%
	URI	B	0.07%
	ABNB	F	0.07%
	VTR	A	0.07%
	ORLY	B	0.07%
	MNST	D	0.06%
	STZ	F	0.06%
	COOP	B	0.06%
	MGM	C	0.06%
	NOW	B	0.06%
	IQV	B	0.06%
	SPG	B	0.06%
	AJG	A	0.06%
	NDAQ	B	0.06%
	NVR	A	0.06%
	LVS	F	0.06%
	GPN	D	0.06%
	PANW	C	0.06%
	INTU	B	0.06%
	AMCR	A	0.06%
	RCL	C	0.06%
	ARW	D	0.06%
	APH	D	0.06%
	KLAC	C	0.06%
	SHW	B	0.06%
	ROST	D	0.06%
	THC	B	0.06%
	USFD	C	0.06%
	AAL	F	0.06%
	DLTR	F	0.06%
	ANET	C	0.06%
	APTV	F	0.06%
	PHM	B	0.06%
	PSA	C	0.06%
	WTW	A	0.06%
	AON	B	0.06%
	LAD	C	0.06%
	ALK	F	0.05%
	LDOS	D	0.05%
	EA	B	0.05%
	ARMK	A	0.05%
	ECL	D	0.05%
	JBL	F	0.05%
	EXR	C	0.05%
	JLL	A	0.05%
	ABG	B	0.05%
	RNR	B	0.05%
	BLDR	C	0.05%
	ZTS	C	0.05%
	OC	B	0.05%
	ON	C	0.05%
	TOL	B	0.05%
	SNPS	D	0.05%
	RJF	D	0.05%
	GWW	B	0.05%
	WDC	D	0.05%
	UHS	B	0.05%
	DOC	B	0.05%
	ZBH	D	0.05%
	KMX	B	0.05%
	WPC	C	0.05%
	BXP	B	0.05%
	ARE	D	0.05%
	STWD	C	0.05%
	ROP	D	0.05%
	MRNA	D	0.05%
	OTIS	D	0.04%
	HCC	C	0.04%
	OHI	B	0.04%
	DLR	C	0.04%
	EW	F	0.04%
	REG	B	0.04%
	UTHR	C	0.04%
	EXPE	D	0.04%
	CPAY	C	0.04%
	CPT	C	0.04%
	AMKR	D	0.04%
	A	C	0.04%
	CMC	B	0.04%
	SANM	B	0.04%
	KRC	C	0.04%
	MUSA	C	0.04%
	TMHC	B	0.04%
	MSI	A	0.04%
	CTAS	A	0.04%
	CMG	D	0.04%
	WAB	D	0.04%
	MAA	C	0.04%
	IRM	A	0.04%
	J	C	0.04%
	WCC	C	0.04%
	CDW	D	0.04%
	GPI	B	0.04%
	EXPD	B	0.04%
	HST	F	0.04%
	MCO	A	0.04%
	WLK	D	0.04%
	TXT	B	0.04%
	AN	B	0.04%
	IBKR	D	0.04%
	VNO	B	0.04%
	ESS	C	0.04%
	ALB	F	0.04%
	GLPI	A	0.04%
	AR	D	0.04%
	INVH	B	0.04%
	BALL	D	0.04%
	MOH	D	0.04%
	HOLX	A	0.03%
	CZR	D	0.03%
	AMH	D	0.03%
	WFRD	D	0.03%
	BURL	A	0.03%
	GDDY	B	0.03%
	NCLH	C	0.03%
	BIO	C	0.03%
	QRVO	C	0.03%
	CSL	C	0.03%
	CR	A	0.03%
	URBN	C	0.03%
	MTZ	C	0.03%
	PENN	D	0.03%
	LULU	F	0.03%
	GEHC	C	0.03%
	FLR	B	0.03%
	MAS	B	0.03%
	MLI	B	0.03%
	NNN	C	0.03%
	DEI	B	0.03%
	ACM	C	0.03%
	BXMT	D	0.03%
	CSGP	D	0.03%
	GHC	C	0.03%
	SM	D	0.03%
	SKX	D	0.03%
	GPK	B	0.03%
	ULTA	F	0.03%
	PK	D	0.03%
	XPO	C	0.03%
	FTNT	F	0.03%
	BHF	C	0.03%
	IT	B	0.03%
	CNXC	D	0.03%
	POST	A	0.03%
	THO	C	0.03%
	CBOE	C	0.03%
	UDR	C	0.03%
	APLE	D	0.03%
	XYL	D	0.03%
	ADSK	C	0.03%
	MTDR	C	0.03%
	CHD	F	0.03%
	ODFL	C	0.03%
	HSIC	C	0.03%
	GL	D	0.03%
	CLF	F	0.03%
	LYV	C	0.03%
	GNW	B	0.03%
	NOV	B	0.03%
	NWSA	B	0.03%
	HWM	A	0.03%
	AKAM	D	0.03%
	TDY	B	0.03%
	MPW	D	0.03%
	CACI	A	0.03%
	VMC	B	0.03%
	KEYS	D	0.03%
	MLM	B	0.03%
	HIW	A	0.03%
	FTV	F	0.03%
	CEG	D	0.03%
	JBHT	D	0.03%
	FYBR	A	0.03%
	KD	C	0.03%
	KIM	B	0.03%
	KNX	C	0.03%
	FSLR	D	0.03%
	CPRT	D	0.03%
	DXC	D	0.03%
	PWR	D	0.03%
	GT	D	0.03%
	CCK	B	0.03%
	TKO	C	0.03%
	CASY	B	0.03%
	BRO	A	0.03%
	BJ	C	0.03%
	DOV	B	0.03%
	TSCO	D	0.03%
	AME	B	0.03%
	CNX	B	0.03%
	RC	C	0.02%
	HUBG	B	0.02%
	TALO	D	0.02%
	KBR	C	0.02%
	ARI	B	0.02%
	SPNT	B	0.02%
	AXTA	B	0.02%
	MIDD	D	0.02%
	CRUS	C	0.02%
	ASO	D	0.02%
	ALLE	B	0.02%
	RUN	C	0.02%
	ENS	B	0.02%
	PEB	F	0.02%
	KRG	B	0.02%
	FR	B	0.02%
	ABCB	B	0.02%
	AX	C	0.02%
	CIEN	C	0.02%
	ELS	B	0.02%
	CRL	C	0.02%
	RUSHA	B	0.02%
	MOG.A	B	0.02%
	SIGI	F	0.02%
	OI	D	0.02%
	BYD	C	0.02%
	STAG	B	0.02%
	PPC	B	0.02%
	CXW	D	0.02%
	SKYW	C	0.02%
	RRX	C	0.02%
	TFX	C	0.02%
	JBGS	C	0.02%
	VAL	B	0.02%
	SLG	B	0.02%
	VLTO	A	0.02%
	MMS	A	0.02%
	NDSN	C	0.02%
	ERIE	A	0.02%
	CW	A	0.02%
	ASH	D	0.02%
	LUMN	C	0.02%
	GNL	C	0.02%
	REXR	C	0.02%
	AOS	C	0.02%
	CROX	D	0.02%
	REZI	B	0.02%
	KAR	C	0.02%
	VVV	B	0.02%
	LII	B	0.02%
	ANDE	C	0.02%
	TKR	C	0.02%
	WAT	C	0.02%
	PRI	B	0.02%
	MATX	B	0.02%
	TTWO	F	0.02%
	WYNN	F	0.02%
	BANC	C	0.02%
	PTC	D	0.02%
	LBRT	B	0.02%
	MHO	B	0.02%
	BCC	C	0.02%
	TER	D	0.02%
	HLT	C	0.02%
	SBAC	C	0.02%
	FFIV	A	0.02%
	AMR	F	0.02%
	TRMB	D	0.02%
	G	C	0.02%
	SAIC	C	0.02%
	EFX	A	0.02%
	ST	D	0.02%
	SIG	F	0.02%
	GEO	D	0.02%
	COTY	F	0.02%
	ATI	B	0.02%
	WWD	D	0.02%
	GXO	C	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	C	0.02%
	CAR	F	0.02%
	BLD	B	0.02%
	SFM	B	0.02%
	TYL	B	0.02%
	SLGN	A	0.02%
	GNRC	C	0.02%
	EHC	B	0.02%
	ADC	A	0.02%
	ENVA	B	0.02%
	TDG	C	0.02%
	COHR	C	0.02%
	ADNT	F	0.02%
	FL	C	0.02%
	HBI	B	0.02%
	CNK	A	0.02%
	KEX	B	0.02%
	OLN	F	0.02%
	ZBRA	B	0.02%
	GME	F	0.02%
	RMD	B	0.02%
	SNEX	A	0.02%
	SMCI	F	0.02%
	LNW	B	0.02%
	PRG	B	0.02%
	H	D	0.02%
	LAMR	C	0.02%
	SATS	C	0.02%
	WTFC	C	0.02%
	MTD	B	0.02%
	IDXX	F	0.02%
	BR	A	0.02%
	EME	C	0.02%
	IR	A	0.02%
	ALGN	F	0.02%
	AVY	D	0.02%
	ABR	D	0.02%
	JAZZ	D	0.02%
	SCI	A	0.02%
	TPH	C	0.02%
	VRSN	D	0.02%
	UFPI	B	0.02%
	CDNS	F	0.02%
	CEIX	D	0.02%
	AA	D	0.02%
	CUBE	C	0.02%
	AMG	B	0.02%
	CWK	B	0.02%
	MTH	B	0.02%
	CLH	A	0.02%
	STE	A	0.02%
	KBH	B	0.02%
	INCY	C	0.02%
	BRX	B	0.02%
	DAR	D	0.02%
	ILMN	C	0.02%
	NSIT	B	0.02%
	PNFP	B	0.02%
	ANSS	F	0.02%
	CUZ	B	0.02%
	MSGS	B	0.01%
	ZI	F	0.01%
	ALGM	F	0.01%
	HAFC	B	0.01%
	MTRN	C	0.01%
	HZO	C	0.01%
	KREF	C	0.01%
	CORT	B	0.01%
	RMBS	F	0.01%
	ESAB	C	0.01%
	TRST	B	0.01%
	FBNC	C	0.01%
	NEOG	C	0.01%
	UFCS	C	0.01%
	ROG	C	0.01%
	ALEX	B	0.01%
	TWI	D	0.01%
	PRAA	C	0.01%
	RDNT	D	0.01%
	TECH	B	0.01%
	AAT	B	0.01%
	MCRI	B	0.01%
	OMCL	D	0.01%
	CHE	D	0.01%
	FTRE	D	0.01%
	BRKR	D	0.01%
	HTZ	F	0.01%
	IPAR	C	0.01%
	AZTA	C	0.01%
	BGS	D	0.01%
	AOSL	C	0.01%
	HWKN	C	0.01%
	MRCY	C	0.01%
	NBHC	C	0.01%
	VRRM	C	0.01%
	PRDO	B	0.01%
	PFBC	B	0.01%
	XHR	D	0.01%
	AEIS	B	0.01%
	CHH	C	0.01%
	TRIP	F	0.01%
	MMI	C	0.01%
	MYGN	B	0.01%
	BRBR	F	0.01%
	KNF	B	0.01%
	ACLS	D	0.01%
	MSA	C	0.01%
	AZZ	D	0.01%
	ROCK	C	0.01%
	JBT	D	0.01%
	CARG	D	0.01%
	DRH	D	0.01%
	ESE	B	0.01%
	RCM	C	0.01%
	SKT	B	0.01%
	HCSG	C	0.01%
	INN	B	0.01%
	DOCS	D	0.01%
	WST	F	0.01%
	MMSI	C	0.01%
	PAYC	D	0.01%
	EXP	B	0.01%
	PCTY	D	0.01%
	SBSI	B	0.01%
	HAIN	D	0.01%
	ZD	F	0.01%
	SMPL	F	0.01%
	CHEF	C	0.01%
	EFC	C	0.01%
	AIN	B	0.01%
	WRLD	D	0.01%
	BDC	D	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%
	SCL	D	0.01%
	ROIC	B	0.01%
	GO	F	0.01%
	FTDR	B	0.01%
	CAL	C	0.01%
	RES	C	0.01%
	FIZZ	C	0.01%
	GTY	C	0.01%
	NGVT	D	0.01%
	RGEN	C	0.01%
	DAY	D	0.01%
	AWI	B	0.01%
	TDC	F	0.01%
	ASIX	C	0.01%
	OUT	B	0.01%
	GFF	B	0.01%
	NVRI	A	0.01%
	TPX	C	0.01%
	ICUI	C	0.01%
	PLAB	F	0.01%
	CPF	B	0.01%
	EPC	D	0.01%
	RYN	C	0.01%
	EXLS	A	0.01%
	DORM	B	0.01%
	YELP	F	0.01%
	FORM	D	0.01%
	EGBN	D	0.01%
	FCPT	B	0.01%
	FSS	B	0.01%
	ONTO	D	0.01%
	IART	F	0.01%
	SHO	C	0.01%
	HXL	D	0.01%
	CASH	B	0.01%
	THS	C	0.01%
	TMP	B	0.01%
	KN	C	0.01%
	NHC	B	0.01%
	FWRD	D	0.01%
	PJT	B	0.01%
	MORN	B	0.01%
	DNOW	B	0.01%
	AVAV	D	0.01%
	CVCO	B	0.01%
	HPP	D	0.01%
	PLUS	B	0.01%
	AMED	A	0.01%
	ALKS	C	0.01%
	BOOT	C	0.01%
	OSIS	C	0.01%
	HLX	C	0.01%
	FND	F	0.01%
	TBBK	B	0.01%
	HALO	B	0.01%
	CUBI	B	0.01%
	SYNA	F	0.01%
	MTSI	D	0.01%
	OLED	C	0.01%
	NOVT	B	0.01%
	FELE	B	0.01%
	MEDP	D	0.01%
	UE	B	0.01%
	KWR	D	0.01%
	UCTT	D	0.01%
	MYRG	F	0.01%
	PODD	C	0.01%
	KLIC	F	0.01%
	STC	C	0.01%
	VIR	C	0.01%
	DT	F	0.01%
	SPTN	C	0.01%
	CLW	B	0.01%
	DCOM	B	0.01%
	LGIH	C	0.01%
	AKR	B	0.01%
	BWXT	C	0.01%
	AHCO	C	0.01%
	HASI	B	0.01%
	CGNX	C	0.01%
	IDCC	A	0.01%
	FBK	B	0.01%
	DXCM	F	0.01%
	LTC	C	0.01%
	ITGR	D	0.01%
	SVC	D	0.01%
	SCVL	B	0.01%
	VNT	C	0.01%
	OII	A	0.01%
	GVA	B	0.01%
	LXP	B	0.01%
	SHC	C	0.01%
	UNFI	C	0.01%
	IOSP	B	0.01%
	VSTO	A	0.01%
	KELYA	B	0.01%
	SAIA	D	0.01%
	IRT	C	0.01%
	TREX	C	0.01%
	RWT	C	0.01%
	VC	C	0.01%
	SXC	A	0.01%
	PECO	B	0.01%
	ARCB	C	0.01%
	UNF	B	0.01%
	PUMP	D	0.01%
	ORA	B	0.01%
	GTLS	C	0.01%
	IBP	B	0.01%
	SSD	C	0.01%
	CRK	F	0.01%
	LRN	A	0.01%
	AXL	D	0.01%
	ENOV	D	0.01%
	OFG	B	0.01%
	NWS	B	0.01%
	BDN	B	0.01%
	ROL	D	0.01%
	IPGP	F	0.01%
	CNXN	B	0.01%
	MODG	C	0.01%
	CTRE	A	0.01%
	MKTX	D	0.01%
	MTX	D	0.01%
	RH	C	0.01%
	SAH	B	0.01%
	AXON	C	0.01%
	SITC	C	0.01%
	ENSG	B	0.01%
	PCH	C	0.01%
	BRC	A	0.01%
	CENTA	F	0.01%
	PATK	B	0.01%
	EXPI	C	0.01%
	PBH	C	0.01%
	ANF	D	0.01%
	WTS	B	0.01%
	WWW	B	0.01%
	LW	F	0.01%
	NPO	B	0.01%
	SBH	C	0.01%
	ETSY	D	0.01%
	LNTH	C	0.01%
	DLB	F	0.01%
	ACIW	B	0.01%
	ITRI	D	0.01%
	DPZ	F	0.01%
	NBR	C	0.01%
	NSA	C	0.01%
	MKSI	D	0.01%
	NYT	C	0.01%
	MAT	C	0.01%
	NEU	C	0.01%
	HGV	C	0.01%
	BGC	C	0.01%
	LITE	C	0.01%
	FN	D	0.01%
	LOPE	A	0.01%
	GIII	D	0.01%
	CHX	C	0.01%
	NVST	F	0.01%
	NBIX	C	0.01%
	RBC	B	0.01%
	FHI	C	0.01%
	PBI	C	0.01%
	OPCH	D	0.01%
	EGP	C	0.01%
	CCS	B	0.01%
	OMI	D	0.01%
	POOL	C	0.01%
	EAT	D	0.01%
	FIX	C	0.01%
	SCSC	B	0.01%
	OLLI	C	0.01%
	WMS	B	0.01%
	SLCA	B	0.01%
	EPR	B	0.01%
	UA	D	0.01%
	TTMI	D	0.01%
	RXO	B	0.01%
	WSFS	B	0.01%
	UAA	D	0.01%
	XRAY	D	0.01%
	SABR	C	0.01%
	WS	B	0.01%
	PSMT	B	0.01%
	ACHC	F	0.01%
	AYI	C	0.01%
	DIOD	C	0.01%
	GMS	B	0.01%
	GGG	C	0.01%
	FDS	F	0.01%
	FICO	B	0.01%
	FUL	B	0.01%
	EPRT	C	0.01%
	WEX	D	0.01%
	ECPG	B	0.01%
	SRCL	B	0.01%
	MPWR	B	0.01%
	GRBK	B	0.01%
	AMN	C	0.01%
	INVA	A	0.01%
	WERN	C	0.01%
	FCN	C	0.01%
	PMT	C	0.01%
	VSCO	F	0.01%
	DEA	B	0.01%
	ACA	B	0.01%
	MSCI	C	0.01%
	LPG	D	0.01%
	ATR	B	0.01%
	CNM	C	0.01%
	AEO	C	0.01%
	LSTR	B	0.01%
	AIT	B	0.01%
	BCO	B	0.01%
	PSTG	D	0.01%
	LECO	D	0.01%
	IEX	D	0.01%
	VRSK	D	0.01%
	JKHY	B	0.01%
	VBTX	B	0.01%
	PARR	D	0.01%
	DBX	D	0.01%
	TTC	C	0.01%
	LFUS	B	0.01%
	VSAT	C	0.01%
	MAC	C	0.01%
	ASGN	C	0.01%
	ODP	D	0.01%
	NMIH	B	0.01%
	TEX	C	0.01%
	GNTX	F	0.01%
	PLXS	B	0.01%
	ATGE	B	0.01%
	DCI	B	0.01%
	CTLT	A	0.01%
	CHDN	B	0.01%
	DY	B	0.01%
	GMED	C	0.01%
	EXEL	B	0.01%
	COLM	C	0.01%
	EEFT	D	0.01%
	EPAM	D	0.01%
	LPX	B	0.01%
	RGLD	B	0.01%
	CPRI	F	0.01%
	IIPR	B	0.01%
	ENPH	D	0.01%
	VMI	B	0.01%
	TXRH	A	0.01%
	MTCH	C	0.01%
	SEIC	B	0.01%
	VSTS	D	0.01%
	FRT	B	0.01%
	ITT	B	0.01%
	TTEK	B	0.01%
	VICR	C	0.0%
	UHT	B	0.0%
	NPK	C	0.0%
	SPWR	F	0.0%
	DDD	D	0.0%
	XPEL	D	0.0%
	CHUY	C	0.0%
	NARI	D	0.0%
	LESL	F	0.0%
	AGYS	B	0.0%
	VCEL	C	0.0%
	MSEX	C	0.0%
	VREX	F	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	B	0.0%
	LQDT	B	0.0%
	BMI	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	B	0.0%
	NABL	D	0.0%
	DGII	C	0.0%
	CRSR	F	0.0%
	PGNY	D	0.0%
	HVT	D	0.0%
	ARWR	C	0.0%
	ICHR	F	0.0%
	CERT	D	0.0%
	JBSS	B	0.0%
	PEN	F	0.0%
	MYE	D	0.0%
	EPAC	C	0.0%
	CPRX	C	0.0%
	CHCT	F	0.0%
	CELH	F	0.0%
	ELF	D	0.0%
	VVI	D	0.0%
	ASTE	D	0.0%
	DRQ	F	0.0%
	WSR	C	0.0%
	CTS	D	0.0%
	AHH	B	0.0%
	CARS	B	0.0%
	HSII	B	0.0%
	DV	D	0.0%
	IIIN	C	0.0%
	SXI	B	0.0%
	CYTK	C	0.0%
	COLL	B	0.0%
	PRLB	C	0.0%
	HRMY	C	0.0%
	CENT	F	0.0%
	WING	D	0.0%
	XNCR	F	0.0%
	SLAB	D	0.0%
	PRVA	C	0.0%
	EXTR	C	0.0%
	CVGW	F	0.0%
	USNA	F	0.0%
	LNN	B	0.0%
	YETI	D	0.0%
	CCRN	D	0.0%
	POWL	D	0.0%
	KNSL	C	0.0%
	RILY	F	0.0%
	AMPH	D	0.0%
	VIAV	D	0.0%
	SONO	F	0.0%
	AVNS	B	0.0%
	SMTC	D	0.0%
	THRM	C	0.0%
	THRY	D	0.0%
	WDFC	B	0.0%
	ALG	D	0.0%
	SPSC	B	0.0%
	BLKB	C	0.0%
	KOP	D	0.0%
	GDEN	D	0.0%
	BSIG	A	0.0%
	NX	C	0.0%
	SHEN	C	0.0%
	TILE	B	0.0%
	CNMD	F	0.0%
	UNIT	D	0.0%
	AMSF	D	0.0%
	GPRE	D	0.0%
	HTLD	C	0.0%
	SEDG	F	0.0%
	POWI	F	0.0%
	DXPE	B	0.0%
	VECO	D	0.0%
	MCW	C	0.0%
	RCUS	D	0.0%
	BOX	C	0.0%
	SGH	C	0.0%
	LIVN	F	0.0%
	WNC	D	0.0%
	SMP	D	0.0%
	MGPI	D	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	D	0.0%
	DFIN	B	0.0%
	PRGS	B	0.0%
	IRWD	D	0.0%
	REX	C	0.0%
	MD	D	0.0%
	PRFT	A	0.0%
	MANH	B	0.0%
	ALRM	C	0.0%
	EXPO	B	0.0%
	CALX	C	0.0%
	USPH	C	0.0%
	NTCT	D	0.0%
	HAYN	B	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	C	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	D	0.0%
	DBI	D	0.0%
	MTUS	C	0.0%
	SOLV	C	0.0%
	TR	C	0.0%
	SAM	F	0.0%
	FLGT	C	0.0%
	LKFN	C	0.0%
	JOE	C	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	C	0.0%
	EYE	D	0.0%
	DIN	F	0.0%
	CSR	B	0.0%
	HFWA	B	0.0%
	VTOL	A	0.0%
	UTL	B	0.0%
	BFS	B	0.0%
	EZPW	C	0.0%
	AMBC	F	0.0%

VLU Underweight 67 Positions Relative to VYM

	Symbol	Grade	Weight
	APO	A	-0.37%
	ARES	A	-0.14%
	CCEP	C	-0.09%
	WRK	C	-0.08%
	BAP	C	-0.07%
	SCCO	D	-0.06%
	RPRX	C	-0.06%
	CRBG	C	-0.05%
	ACI	F	-0.05%
	CNH	D	-0.05%
	DOX	B	-0.05%
	BPOP	B	-0.04%
	WAL	B	-0.04%
	XP	F	-0.04%
	OMF	B	-0.03%
	AXS	B	-0.03%
	ETRN	D	-0.03%
	AGR	B	-0.02%
	SPB	D	-0.02%
	MGRC	D	-0.02%
	RRR	C	-0.02%
	DNB	C	-0.02%
	GLNG	C	-0.02%
	TPG	A	-0.02%
	STNG	D	-0.02%
	HUN	D	-0.02%
	SRCE	B	-0.01%
	CNA	B	-0.01%
	WMK	B	-0.01%
	SASR	B	-0.01%
	SCS	B	-0.01%
	SYBT	B	-0.01%
	DDS	D	-0.01%
	NMRK	B	-0.01%
	HEES	C	-0.01%
	NFE	F	-0.01%
	WLY	B	-0.01%
	AY	B	-0.01%
	REYN	D	-0.01%
	DK	F	-0.01%
	SFL	F	-0.01%
	WSBC	C	-0.01%
	NTB	C	-0.01%
	YOU	C	-0.01%
	VIRT	C	-0.01%
	HTLF	B	-0.01%
	TROX	D	-0.01%
	TOWN	B	-0.01%
	FRME	B	-0.01%
	CNS	B	-0.01%
	BOKF	C	-0.01%
	EBC	B	-0.01%
	FIBK	C	-0.01%
	ADTN	C	-0.01%
	NOMD	B	-0.01%
	IGT	C	-0.01%
	SBLK	D	-0.01%
	NYCB	D	-0.01%
	TTEC	D	-0.0%
	MEI	D	-0.0%
	LSXMK	D	-0.0%
	GTN	D	-0.0%
	RBCAA	B	-0.0%
	SIRI	D	-0.0%
	UI	B	-0.0%
	TFSL	C	-0.0%
	FG	C	-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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Semiconductors Specialty Chemicals Insurance - Life Packaging & Containers Capital Markets Chemicals Credit Services Drug Manufacturers - Major Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Mining Commercial Bank Insurance Products Chemical Life Insurance Trust Services Cash Management Petroleum Industry