VTWG vs. AFSM ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to Active Factor Small Cap ETF (AFSM)

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000Â® Growth Index. The index is designed to measure the performance of small-capitalization growth stocks in the United States. 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

$190.28

Average Daily Volume

23,154

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.01

Average Daily Volume

1,755

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	AFSM
30 Days	-1.10%	-2.60%
60 Days	0.37%	-2.28%
90 Days	-0.34%	-1.94%
12 Months	11.57%	16.64%

164 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in AFSM	Overlap
ACLS	B	0.28%	0.04%	0.04%
ADMA	B	0.08%	0.13%	0.08%
ADUS	B	0.06%	0.42%	0.06%
AIT	C	0.57%	0.11%	0.11%
ALKS	C	0.3%	0.89%	0.3%
ALKT	B	0.09%	0.11%	0.09%
ALRM	C	0.24%	0.35%	0.24%
AMN	F	0.16%	0.08%	0.08%
AMPH	F	0.12%	0.26%	0.12%
AMR	D	0.02%	0.53%	0.02%
AMWD	F	0.01%	0.47%	0.01%
ANF	C	0.33%	1.17%	0.33%
ANIP	D	0.06%	0.44%	0.06%
APAM	D	0.15%	0.05%	0.05%
APOG	D	0.04%	0.32%	0.04%
APPF	B	0.33%	0.64%	0.33%
AROC	B	0.04%	0.65%	0.04%
ASGN	D	0.09%	0.2%	0.09%
ASO	F	0.32%	0.34%	0.32%
ASTH	C	0.14%	0.11%	0.11%
ATEN	C	0.08%	0.05%	0.05%
ATKR	F	0.43%	0.55%	0.43%
AXSM	B	0.2%	0.18%	0.18%
BASE	D	0.06%	0.14%	0.06%
BDC	C	0.19%	0.34%	0.19%
BELFB	C	0.0%	0.49%	0.0%
BKE	D	0.09%	0.26%	0.09%
BLBD	C	0.01%	0.23%	0.01%
BMI	C	0.43%	0.61%	0.43%
BPMC	A	0.49%	0.45%	0.45%
BRBR	B	0.16%	0.56%	0.16%
CALM	B	0.18%	0.31%	0.18%
CASH	B	0.04%	0.28%	0.04%
CBZ	D	0.28%	0.34%	0.28%
CCRN	F	0.01%	0.39%	0.01%
CHCO	C	0.01%	0.52%	0.01%
CLSK	D	0.03%	0.14%	0.03%
CMPR	B	0.06%	0.25%	0.06%
COKE	B	0.36%	0.3%	0.3%
COLL	C	0.08%	0.05%	0.05%
CORT	C	0.19%	0.36%	0.19%
CPRX	D	0.14%	0.71%	0.14%
CRAI	C	0.09%	0.36%	0.09%
CRVL	B	0.16%	0.55%	0.16%
CSGS	F	0.1%	0.11%	0.1%
CSWI	A	0.3%	0.08%	0.08%
CTRE	A	0.02%	0.06%	0.02%
CTS	D	0.13%	0.06%	0.06%
CVLT	B	0.34%	0.33%	0.33%
CVNA	B	0.35%	0.22%	0.22%
CWCO	D	0.01%	0.37%	0.01%
DDS	D	0.12%	0.58%	0.12%
DFH	F	0.02%	0.17%	0.02%
DFIN	D	0.08%	0.49%	0.08%
DOLE	C	0.04%	0.46%	0.04%
ELF	C	0.77%	0.79%	0.77%
EMBC	F	0.01%	0.03%	0.01%
ENS	C	0.31%	0.24%	0.24%
EOLS	D	0.04%	0.04%	0.04%
EVER	C	0.04%	0.53%	0.04%
EXTR	C	0.11%	0.2%	0.11%
FBP	B	0.02%	0.32%	0.02%
FIX	D	0.88%	0.83%	0.83%
FORM	A	0.32%	0.07%	0.07%
GES	D	0.01%	0.2%	0.01%
GFF	D	0.12%	0.1%	0.1%
GMS	D	0.09%	0.55%	0.09%
GRBK	C	0.04%	0.28%	0.04%
HAE	C	0.32%	0.24%	0.24%
HALO	B	0.44%	0.07%	0.07%
HCI	F	0.05%	0.24%	0.05%
HDSN	F	0.0%	0.39%	0.0%
HIMS	C	0.18%	0.37%	0.18%
HRMY	B	0.07%	0.37%	0.07%
HURN	C	0.13%	0.25%	0.13%
HWKN	B	0.13%	0.29%	0.13%
HY	D	0.06%	0.25%	0.06%
IDCC	A	0.22%	0.87%	0.22%
IDYA	F	0.12%	0.17%	0.12%
IESC	C	0.1%	0.05%	0.05%
INMD	F	0.11%	0.42%	0.11%
INTA	C	0.11%	0.18%	0.11%
INVA	B	0.01%	0.11%	0.01%
ITCI	C	0.51%	0.25%	0.25%
JBI	D	0.09%	0.05%	0.05%
KAI	B	0.25%	0.06%	0.06%
KFRC	D	0.09%	0.21%	0.09%
KRYS	B	0.26%	0.09%	0.09%
KTB	D	0.31%	0.07%	0.07%
LBRT	D	0.02%	0.05%	0.02%
LGND	B	0.02%	0.32%	0.02%
LMAT	A	0.12%	0.22%	0.12%
LNTH	C	0.42%	0.5%	0.42%
LPG	C	0.08%	0.58%	0.08%
LQDA	C	0.03%	0.15%	0.03%
LRN	D	0.22%	0.29%	0.22%
MAX	F	0.03%	0.12%	0.03%
MED	F	0.02%	0.3%	0.02%
MITK	F	0.04%	0.0%	0.0%
MLI	C	0.22%	0.68%	0.22%
MOD	B	0.25%	0.81%	0.25%
MOG.A	C	0.08%	0.29%	0.08%
NHI	A	0.02%	0.29%	0.02%
NMIH	B	0.02%	0.58%	0.02%
NSIT	C	0.42%	0.41%	0.41%
NSSC	B	0.13%	0.25%	0.13%
NTB	C	0.01%	0.61%	0.01%
ONTO	B	0.69%	0.42%	0.42%
OPCH	F	0.38%	0.23%	0.23%
OSCR	D	0.02%	0.32%	0.02%
OSIS	C	0.18%	0.26%	0.18%
OTTR	D	0.15%	0.33%	0.15%
PARR	F	0.04%	0.15%	0.04%
PCRX	F	0.11%	0.25%	0.11%
PGNY	D	0.16%	0.05%	0.05%
PHR	F	0.08%	0.04%	0.04%
PI	C	0.29%	0.22%	0.22%
PIPR	A	0.23%	0.19%	0.19%
PLUS	D	0.01%	0.51%	0.01%
PRG	D	0.02%	0.24%	0.02%
PRGS	B	0.17%	0.35%	0.17%
PRMW	C	0.04%	0.3%	0.04%
PSN	C	0.11%	0.32%	0.11%
QLYS	D	0.4%	0.26%	0.26%
QTWO	B	0.26%	0.28%	0.26%
RDNT	B	0.27%	0.3%	0.27%
RMR	D	0.02%	0.47%	0.02%
ROCK	D	0.1%	0.09%	0.09%
RXST	D	0.13%	0.45%	0.13%
RYI	F	0.0%	0.03%	0.0%
SANM	C	0.01%	0.62%	0.01%
SBH	D	0.09%	0.2%	0.09%
SEMR	C	0.04%	0.04%	0.04%
SFM	B	0.61%	0.35%	0.35%
SGBX	F	0.18%	0.17%	0.17%
SIGA	C	0.03%	0.2%	0.03%
SKT	D	0.1%	0.27%	0.1%
SLVM	D	0.19%	0.34%	0.19%
SPNS	A	0.08%	0.41%	0.08%
SPSC	B	0.53%	0.11%	0.11%
SSD	F	0.54%	0.31%	0.31%
STRL	D	0.25%	0.66%	0.25%
SUPN	F	0.1%	0.48%	0.1%
TBBK	B	0.13%	0.53%	0.13%
TCMD	F	0.02%	0.25%	0.02%
TEX	D	0.18%	0.53%	0.18%
TGTX	B	0.17%	0.08%	0.08%
TMDX	A	0.33%	0.23%	0.23%
TNC	D	0.08%	0.46%	0.08%
UFPT	A	0.14%	0.64%	0.14%
UVE	D	0.01%	0.68%	0.01%
VCEL	C	0.17%	0.05%	0.05%
VCTR	D	0.1%	0.12%	0.1%
VGR	C	0.02%	0.09%	0.02%
VITL	C	0.1%	0.05%	0.05%
VRNT	C	0.13%	0.6%	0.13%
WABC	D	0.03%	0.2%	0.03%
WFRD	B	0.65%	0.75%	0.65%
WNC	F	0.08%	0.49%	0.08%
WTS	D	0.42%	0.29%	0.29%
YEXT	F	0.04%	0.08%	0.04%
YMAB	D	0.02%	0.42%	0.02%
YOU	B	0.11%	0.3%	0.11%
ZETA	B	0.17%	0.23%	0.17%

VTWG Overweight 811 Positions Relative to AFSM

Symbol	Grade	Weight
SMCI	B	3.05%
MSTR	D	1.73%
FN	C	0.67%
INSM	A	0.6%
ATI	C	0.6%
PCVX	B	0.57%
HQY	B	0.53%
ENSG	B	0.5%
VKTX	D	0.49%
CHX	C	0.49%
RHP	D	0.47%
SIGI	F	0.45%
RMBS	B	0.45%
FLR	B	0.44%
NOVT	C	0.44%
MTSI	A	0.43%
DUOL	F	0.43%
CWST	B	0.43%
AVAV	D	0.42%
FSS	D	0.42%
CBT	D	0.42%
GKOS	A	0.41%
MMS	B	0.4%
AAON	B	0.39%
APG	C	0.39%
DY	B	0.39%
IBP	D	0.38%
ALTR	B	0.37%
TDW	C	0.37%
EXPO	C	0.37%
EXLS	B	0.37%
TENB	C	0.37%
BCPC	A	0.37%
VRNS	B	0.36%
CYTK	D	0.36%
FELE	D	0.35%
VAL	B	0.35%
BCO	B	0.35%
MMSI	B	0.35%
MGY	B	0.33%
POWI	D	0.33%
MARA	C	0.33%
GTLS	D	0.32%
SLAB	D	0.31%
AEIS	C	0.31%
LNW	B	0.31%
HRI	F	0.31%
FFIN	D	0.3%
RVMD	D	0.3%
WK	F	0.29%
BOX	D	0.29%
FUL	D	0.29%
LANC	B	0.28%
VRRM	B	0.28%
MDGL	C	0.27%
SMPL	D	0.27%
SHAK	D	0.27%
BOOT	B	0.27%
SEM	A	0.27%
WHD	C	0.26%
NSP	F	0.26%
ACIW	A	0.26%
BLKB	D	0.26%
CRDO	B	0.25%
HI	F	0.25%
HGV	D	0.25%
SXT	C	0.25%
ENV	C	0.25%
SHOO	C	0.25%
TNET	F	0.25%
AXNX	B	0.25%
BE	D	0.24%
NOG	C	0.24%
CVCO	D	0.23%
JBT	F	0.23%
WDFC	D	0.23%
GH	C	0.23%
VC	D	0.23%
SWTX	F	0.22%
FOLD	C	0.22%
EAT	C	0.22%
FTDR	D	0.22%
IOSP	D	0.22%
MWA	C	0.22%
CERE	C	0.22%
MGRC	D	0.21%
IRTC	C	0.21%
HLNE	B	0.21%
BL	D	0.21%
AWR	D	0.21%
KOS	F	0.21%
ORA	C	0.2%
DIOD	C	0.2%
ARWR	C	0.2%
PLXS	D	0.2%
ICFI	D	0.2%
PRCT	C	0.2%
STNE	D	0.19%
JJSF	B	0.19%
YELP	F	0.19%
NARI	C	0.19%
ROAD	D	0.19%
KWR	F	0.19%
PJT	A	0.19%
MYRG	F	0.19%
PRFT	B	0.19%
CARG	C	0.18%
CNMD	D	0.18%
MTRN	F	0.18%
STEP	B	0.18%
OII	B	0.18%
EVH	F	0.18%
AIN	D	0.18%
DORM	C	0.18%
RPD	C	0.17%
IPAR	F	0.17%
DNLI	C	0.17%
NJR	D	0.17%
MC	A	0.17%
ACVA	C	0.17%
DOCN	C	0.17%
BBIO	D	0.17%
EVTC	F	0.17%
STAA	B	0.16%
ENR	C	0.16%
RXO	B	0.16%
PLMR	C	0.16%
FRSH	D	0.16%
SKY	F	0.16%
CALX	C	0.16%
PTCT	D	0.16%
IGT	F	0.16%
EPAC	B	0.16%
ARRY	F	0.16%
SITM	B	0.16%
RYTM	B	0.15%
BLMN	F	0.15%
ALG	F	0.15%
AGYS	B	0.15%
JOE	D	0.15%
PRVA	D	0.15%
SONO	F	0.15%
FOXF	C	0.15%
ACLX	C	0.15%
GOLF	C	0.15%
BRZE	D	0.15%
KLIC	B	0.14%
NGVT	F	0.14%
ETRN	D	0.14%
FLYW	F	0.14%
CNS	B	0.14%
UPST	F	0.14%
CAKE	C	0.14%
ACAD	C	0.14%
AI	B	0.14%
SGRY	F	0.14%
HLIO	D	0.13%
OI	F	0.13%
PDFS	B	0.13%
CSTM	D	0.13%
PLAY	F	0.13%
LAUR	C	0.13%
NUVL	C	0.13%
THRM	F	0.13%
PSMT	D	0.12%
HEES	F	0.12%
WRBY	C	0.12%
USPH	F	0.12%
CNK	A	0.12%
CPK	C	0.12%
SPT	D	0.12%
ARVN	F	0.12%
SXI	D	0.12%
BEAM	D	0.12%
ESE	D	0.12%
CCOI	D	0.12%
GERN	B	0.11%
ZUO	C	0.11%
AMBA	B	0.11%
OEC	F	0.11%
CHEF	A	0.11%
GSHD	D	0.11%
NVAX	C	0.11%
EVBG	B	0.11%
FLNC	F	0.11%
SIX	B	0.11%
ENVX	B	0.11%
KALU	D	0.11%
BGC	C	0.11%
PAGS	C	0.11%
MGEE	D	0.11%
ROG	D	0.11%
OXM	D	0.1%
SNDX	C	0.1%
LNN	D	0.1%
MTDR	D	0.1%
OSW	B	0.1%
DVAX	D	0.1%
KYMR	D	0.1%
RRR	B	0.1%
UPWK	D	0.1%
MEG	D	0.1%
UTZ	D	0.1%
SHLS	F	0.1%
RIOT	D	0.1%
CARS	C	0.1%
HLIT	B	0.1%
MXL	B	0.1%
IMVT	D	0.1%
VIAV	D	0.1%
ARLO	B	0.09%
JAMF	C	0.09%
INFN	B	0.09%
MODN	B	0.09%
AKRO	C	0.09%
APPN	D	0.09%
AMRC	F	0.09%
NVEE	F	0.09%
SDGR	F	0.09%
TRUP	B	0.09%
CXM	D	0.09%
RCKT	F	0.09%
PZZA	F	0.09%
HBI	C	0.09%
KROS	F	0.09%
PWSC	B	0.09%
RKLB	B	0.09%
MGPI	F	0.09%
MNKD	C	0.08%
ARCB	D	0.08%
OUT	C	0.08%
SMMT	C	0.08%
SSTK	F	0.08%
COUR	F	0.08%
PR	C	0.08%
PTGX	B	0.08%
LCII	F	0.08%
MORF	C	0.08%
ARDX	F	0.08%
TRNS	C	0.08%
SFBS	C	0.08%
CBRL	F	0.08%
PDFS	B	0.08%
ASAN	D	0.08%
UFPI	D	0.08%
FIZZ	B	0.08%
JACK	F	0.08%
SYBT	C	0.08%
XPEL	F	0.07%
PRTA	F	0.07%
SAVA	F	0.07%
URBN	C	0.07%
AEO	F	0.07%
JBSS	D	0.07%
MCRI	D	0.07%
COMP	C	0.07%
CWT	C	0.07%
ZWS	D	0.07%
BCRX	B	0.07%
QNST	C	0.07%
INDI	D	0.07%
PRO	F	0.07%
MSEX	C	0.07%
PBI	A	0.07%
WWW	C	0.07%
NPAB	B	0.07%
CENX	B	0.07%
OMCL	F	0.06%
IE	C	0.06%
VERA	C	0.06%
AUPH	C	0.06%
VZIO	B	0.06%
XPRO	C	0.06%
IMAX	C	0.06%
HLF	C	0.06%
XNCR	F	0.06%
ERII	F	0.06%
CVI	F	0.06%
ATRC	C	0.06%
HL	C	0.06%
AMK	B	0.06%
DAWN	D	0.06%
RVLV	F	0.06%
SQSP	B	0.06%
HCSG	D	0.06%
SLP	F	0.06%
DGII	D	0.06%
VICR	F	0.06%
TTGT	B	0.06%
UDMY	F	0.06%
BBSI	B	0.06%
EXPI	F	0.06%
FSLY	F	0.06%
MRTN	C	0.06%
SILK	B	0.06%
HIBB	A	0.06%
CWH	F	0.06%
NABL	B	0.06%
LPRO	F	0.05%
MIRM	B	0.05%
FIGS	C	0.05%
ZD	F	0.05%
GDEN	F	0.05%
IBUY	C	0.05%
NBR	F	0.05%
IAS	C	0.05%
ETNB	F	0.05%
DYN	B	0.05%
ATRI	B	0.05%
CDRE	B	0.05%
BECN	D	0.05%
PECO	C	0.05%
IMXI	F	0.05%
OCUL	C	0.05%
ARQT	B	0.05%
ALHC	B	0.05%
PNTG	B	0.05%
LGF.A	D	0.05%
CTKB	D	0.05%
ZIP	F	0.05%
GSAT	D	0.05%
ZNTL	F	0.05%
PLRX	F	0.05%
BLFS	C	0.05%
DBRG	F	0.05%
SOUN	D	0.05%
USLM	C	0.05%
MGNI	B	0.05%
RDFN	F	0.05%
VVI	D	0.05%
RGR	F	0.05%
PAX	F	0.05%
EPRT	A	0.04%
ACCD	F	0.04%
TTI	F	0.04%
ITRI	C	0.04%
TRN	D	0.04%
VRDN	F	0.04%
CVGW	F	0.04%
AHCO	D	0.04%
NRDS	B	0.04%
DCPH	A	0.04%
PETQ	B	0.04%
LAZR	F	0.04%
IDT	D	0.04%
CCB	C	0.04%
ARKO	D	0.04%
MBUU	F	0.04%
UHT	C	0.04%
OSPN	C	0.04%
RILY	F	0.04%
CRNX	D	0.04%
SMR	B	0.04%
CLFD	C	0.04%
MLAB	D	0.04%
BJRI	B	0.04%
SGHC	D	0.04%
TVTX	C	0.04%
CASS	D	0.04%
CDMO	D	0.04%
HCKT	D	0.04%
YORW	B	0.04%
ACEL	D	0.04%
CLDX	F	0.04%
BBUC	D	0.04%
USNA	F	0.04%
HROW	B	0.04%
DIN	F	0.04%
SAGE	F	0.04%
NEXT	C	0.04%
SIBN	D	0.04%
TPB	B	0.04%
PLOW	F	0.04%
BIGC	C	0.04%
FLNG	C	0.04%
SRDX	A	0.04%
MYE	F	0.04%
RSI	C	0.04%
KRUS	F	0.04%
MQ	C	0.03%
INOD	B	0.03%
VYGR	F	0.03%
LYTS	D	0.03%
FNA	F	0.03%
EGHT	D	0.03%
MODV	F	0.03%
CGON	D	0.03%
PNM	D	0.03%
EB	F	0.03%
WERN	F	0.03%
BWMN	C	0.03%
AX	B	0.03%
IRWD	F	0.03%
TH	D	0.03%
PX	C	0.03%
MNTK	C	0.03%
ALEC	F	0.03%
GIC	F	0.03%
CSV	C	0.03%
LWLG	F	0.03%
COGT	C	0.03%
EWCZ	F	0.03%
MCFT	F	0.03%
HRTX	D	0.03%
ANAB	B	0.03%
ATEC	D	0.03%
EVRI	C	0.03%
APLD	B	0.03%
GVA	B	0.03%
ENFN	D	0.03%
CHGG	F	0.03%
MRC	D	0.03%
CHUY	F	0.03%
DMRC	B	0.03%
CRGY	B	0.03%
CYRX	F	0.03%
GCMG	C	0.03%
GRND	B	0.03%
BFS	C	0.03%
RICK	F	0.03%
ATEX	B	0.03%
HUMA	D	0.03%
LOVE	F	0.03%
NRC	F	0.03%
CEVA	D	0.03%
DHIL	F	0.03%
NNBR	F	0.03%
CHCT	F	0.03%
CRSR	F	0.03%
INST	B	0.03%
AMSF	F	0.03%
FC	C	0.03%
SHYF	F	0.03%
GDYN	C	0.03%
AGS	B	0.03%
FWRD	D	0.03%
KIDS	C	0.03%
IIIV	B	0.03%
PDCO	F	0.03%
CMP	F	0.03%
CBL	B	0.03%
BYND	F	0.03%
JOBY	C	0.03%
PTLO	F	0.03%
ALX	B	0.03%
REX	F	0.02%
VRTS	D	0.02%
HCAT	F	0.02%
CCSI	D	0.02%
HNI	C	0.02%
BMEA	F	0.02%
OOMA	C	0.02%
LIVN	D	0.02%
FORR	F	0.02%
ULCC	F	0.02%
ATNM	D	0.02%
JYNT	D	0.02%
SCL	D	0.02%
WTI	D	0.02%
DOMO	C	0.02%
EYPT	F	0.02%
UTMD	F	0.02%
BRCC	C	0.02%
MATW	F	0.02%
CSTL	F	0.02%
MVIS	F	0.02%
SNEX	B	0.02%
THS	C	0.02%
VTYX	F	0.02%
PTEN	F	0.02%
TPIC	D	0.02%
FNKO	C	0.02%
DCGO	F	0.02%
LTH	B	0.02%
RDVT	B	0.02%
SGH	B	0.02%
PBPB	F	0.02%
ARTNA	C	0.02%
IRBT	F	0.02%
FCPT	B	0.02%
NXRT	C	0.02%
RCUS	F	0.02%
RCEL	F	0.02%
UTL	D	0.02%
PACB	F	0.02%
RVNC	F	0.02%
EE	C	0.02%
SNCY	C	0.02%
PRME	F	0.02%
TWKS	F	0.02%
SABR	D	0.02%
PPTA	D	0.02%
BANF	D	0.02%
AMSWA	D	0.02%
AGM	B	0.02%
REPX	C	0.02%
TMCI	D	0.02%
ABUS	B	0.02%
LQDT	B	0.02%
CRMD	D	0.02%
NOVA	D	0.02%
OLO	F	0.02%
CTOS	F	0.02%
LUNG	F	0.02%
HSTM	C	0.02%
BBW	F	0.02%
CTLP	D	0.02%
HASI	D	0.02%
AXGN	B	0.02%
NTLA	F	0.02%
BSIG	C	0.02%
CLB	B	0.02%
ESQ	D	0.02%
ADPT	C	0.02%
DENN	F	0.02%
SPWR	F	0.02%
LGF.A	D	0.02%
AVXL	C	0.02%
DNUT	F	0.02%
PL	F	0.02%
MMI	D	0.02%
PATK	D	0.02%
CRCT	F	0.02%
COMM	F	0.02%
WEAV	C	0.02%
XERS	C	0.02%
URGN	C	0.02%
SYNA	F	0.02%
DSGR	F	0.02%
IRON	C	0.02%
GATX	B	0.02%
IRMD	B	0.02%
CABA	F	0.02%
SKWD	D	0.02%
AEHR	F	0.02%
CERS	F	0.02%
LFST	D	0.02%
MLNK	C	0.02%
NVEC	D	0.02%
MLYS	C	0.01%
MCRB	F	0.01%
ATOM	F	0.01%
CVRX	C	0.01%
CPS	F	0.01%
HQI	F	0.01%
LXRX	F	0.01%
NDLS	F	0.01%
ACRS	C	0.01%
VTNR	F	0.01%
MGNX	F	0.01%
KRMD	C	0.01%
HLVX	C	0.01%
EGY	C	0.01%
SSP	F	0.01%
BOOM	C	0.01%
AESI	C	0.01%
BBAI	F	0.01%
MRNS	F	0.01%
VERI	F	0.01%
VMEO	F	0.01%
PRTH	B	0.01%
OPTN	F	0.01%
ARCT	F	0.01%
SRI	F	0.01%
SCWO	D	0.01%
FA	C	0.01%
PHAT	C	0.01%
FDMT	D	0.01%
PLL	F	0.01%
AVO	F	0.01%
TYRA	C	0.01%
EYE	F	0.01%
CURV	B	0.01%
OMER	C	0.01%
DH	F	0.01%
ALGT	F	0.01%
EXFY	F	0.01%
PDSB	D	0.01%
INNV	C	0.01%
NAPA	F	0.01%
LESL	F	0.01%
TELA	F	0.01%
MPX	F	0.01%
HTBI	B	0.01%
CTGO	C	0.01%
SPNT	D	0.01%
RAPT	F	0.01%
TCX	F	0.01%
KFS	D	0.01%
EVEX	F	0.01%
BLNK	F	0.01%
KLTR	D	0.01%
PAR	B	0.01%
QTRX	F	0.01%
EP	F	0.01%
DJCO	B	0.01%
SBOW	B	0.01%
EOSE	C	0.01%
CMPO	B	0.01%
LMB	C	0.01%
OBIO	B	0.01%
LKFN	D	0.01%
GOOD	B	0.01%
PAHC	C	0.01%
CCRD	D	0.01%
ITI	D	0.01%
BBCP	F	0.01%
ODC	F	0.01%
SFIX	B	0.01%
TREE	C	0.01%
UTI	B	0.01%
LUNA	D	0.01%
KPTI	F	0.01%
NRDY	F	0.01%
BAND	C	0.01%
SCPH	C	0.01%
STKS	F	0.01%
NVRO	F	0.01%
TIPT	F	0.01%
SMTI	F	0.01%
GCBC	C	0.01%
MGTX	F	0.01%
EVI	F	0.01%
FHTX	F	0.01%
INTT	D	0.01%
GAMB	F	0.01%
CDZI	B	0.01%
RRGB	F	0.01%
TTEC	F	0.01%
CCBG	D	0.01%
FSBC	C	0.01%
DC	F	0.01%
HBIO	F	0.01%
INFU	F	0.01%
KE	F	0.01%
EVC	F	0.01%
THR	D	0.01%
EGAN	F	0.01%
PCT	C	0.01%
TSQ	C	0.01%
CRD.B	F	0.01%
RMNI	C	0.01%
LCTX	F	0.01%
SMLR	C	0.01%
RIGL	F	0.01%
QIPT	F	0.01%
SGHT	C	0.01%
LMND	C	0.01%
SKYT	D	0.01%
FLL	C	0.01%
DSP	B	0.01%
TGAN	B	0.01%
SAMG	D	0.01%
IBEX	C	0.01%
MLP	C	0.01%
PAYS	D	0.01%
PFSI	B	0.01%
NBTB	B	0.01%
PLPC	F	0.01%
GWRS	D	0.01%
LGIH	F	0.01%
NEO	D	0.01%
CHRS	F	0.01%
HPK	C	0.01%
ARAY	D	0.01%
MRSN	F	0.01%
KNTK	B	0.01%
GNE	D	0.01%
PFMT	F	0.01%
SSTI	F	0.01%
LBPH	B	0.01%
UMH	A	0.01%
PUBM	D	0.01%
GLNG	A	0.01%
SNBR	F	0.01%
ACMR	C	0.01%
GRC	C	0.01%
EVCM	B	0.01%
TERN	C	0.01%
CLBK	F	0.01%
SPCE	F	0.01%
SKIN	F	0.01%
XPOF	B	0.01%
VRCA	C	0.01%
EAF	F	0.01%
BOWL	B	0.01%
FWRG	F	0.01%
GPRE	F	0.01%
EPM	F	0.01%
ALDX	F	0.01%
PRIM	D	0.01%
NATH	B	0.01%
OM	D	0.01%
ZYXI	F	0.01%
ECVT	D	0.01%
OPRX	F	0.01%
KRT	C	0.01%
PCYO	F	0.01%
ALTG	F	0.01%
OFLX	F	0.01%
INSE	D	0.01%
BALY	F	0.01%
AVTE	F	0.01%
PRST	F	0.0%
TWOU	F	0.0%
WKHS	F	0.0%
DLTH	F	0.0%
QRTEB	F	0.0%
CUTR	F	0.0%
LLAP	D	0.0%
BIVI	F	0.0%
ATRA	F	0.0%
BSVN	B	0.0%
ATLC	C	0.0%
VATE	F	0.0%
BW	C	0.0%
KLXE	F	0.0%
LPTV	F	0.0%
AMPX	F	0.0%
IBTA	D	0.0%
ESCA	F	0.0%
CTXR	F	0.0%
CMT	F	0.0%
RGCO	D	0.0%
CIFR	B	0.0%
ZVIA	F	0.0%
GNLX	F	0.0%
PTSI	F	0.0%
IAUX	D	0.0%
SES	F	0.0%
RPHM	F	0.0%
MVBF	F	0.0%
CLAR	F	0.0%
RBOT	F	0.0%
TELL	C	0.0%
MEC	B	0.0%
TCBX	D	0.0%
CVGI	F	0.0%
AKTS	F	0.0%
BCML	D	0.0%
PIII	F	0.0%
SOI	D	0.0%
RCKY	C	0.0%
ORGO	C	0.0%
BOC	F	0.0%
BGXX	D	0.0%
EYEN	D	0.0%
IMRX	F	0.0%
LIND	B	0.0%
PLBC	F	0.0%
SVRA	C	0.0%
TDUP	F	0.0%
RM	D	0.0%
FARO	F	0.0%
CDXS	D	0.0%
AVAH	D	0.0%
CZFS	D	0.0%
VALU	B	0.0%
ENTA	C	0.0%
ANET	A	0.0%
FENC	F	0.0%
ASUR	C	0.0%
SRCL	B	0.0%
RBRK	C	0.0%
GTN	F	0.0%
CNSL	B	0.0%
BTBT	B	0.0%
MCB	C	0.0%
ELA	B	0.0%
XAIR	F	0.0%
BTAI	F	0.0%
MAXN	F	0.0%
ITIC	B	0.0%
RDDT	B	0.0%
PEPG	C	0.0%
FTCI	F	0.0%
WRLD	D	0.0%
CMBM	F	0.0%
AVD	F	0.0%
CLPR	F	0.0%
MLR	D	0.0%
NNOX	F	0.0%
RDW	B	0.0%
FSBW	C	0.0%
FG	D	0.0%
BTMD	C	0.0%
VIR	F	0.0%
AIRS	F	0.0%
SPRY	C	0.0%
APPS	F	0.0%
PLSE	B	0.0%
OMGA	F	0.0%
AKYA	F	0.0%
FEAM	F	0.0%
NVCT	F	0.0%
SANA	F	0.0%
LNZA	F	0.0%
LPSN	D	0.0%
EHTH	F	0.0%
CUE	F	0.0%
MURA	F	0.0%
JANX	D	0.0%
SKYX	D	0.0%
XMTR	F	0.0%
ACDC	F	0.0%
III	F	0.0%
XFOR	F	0.0%
OPEN	F	0.0%
PRTS	F	0.0%
GOGO	D	0.0%
CNTY	F	0.0%

VTWG Underweight 138 Positions Relative to AFSM

Symbol	Grade	Weight
SKYW	B	-1.16%
TNK	C	-1.09%
BCC	F	-0.95%
NHC	A	-0.89%
ESGR	A	-0.87%
PFBC	D	-0.78%
EME	D	-0.76%
RDN	B	-0.75%
MTG	B	-0.73%
DAKT	B	-0.66%
MHO	D	-0.66%
COOP	D	-0.65%
MUSA	C	-0.64%
TMHC	D	-0.63%
GMED	B	-0.61%
ARCH	C	-0.61%
CEIX	B	-0.59%
PBF	F	-0.55%
REZI	D	-0.55%
OFG	B	-0.55%
M	C	-0.53%
SLG	B	-0.52%
MCY	C	-0.52%
ODP	F	-0.51%
KBH	D	-0.51%
ACT	C	-0.51%
BTU	C	-0.5%
PLAB	D	-0.49%
HSII	D	-0.49%
TGNA	D	-0.48%
STBA	B	-0.47%
PRK	B	-0.47%
BXC	F	-0.47%
CAL	F	-0.46%
FDP	F	-0.46%
PRDO	C	-0.45%
PINC	F	-0.44%
ASC	C	-0.42%
EGBN	F	-0.41%
ESNT	C	-0.4%
SIG	D	-0.4%
IIPR	B	-0.39%
CRS	B	-0.37%
NUS	F	-0.36%
MEDP	C	-0.36%
SCS	C	-0.35%
MTH	D	-0.35%
AMKR	B	-0.35%
GNK	D	-0.35%
CNXN	D	-0.35%
MATX	B	-0.34%
POWL	D	-0.34%
LOPE	C	-0.33%
CMC	D	-0.33%
INSW	C	-0.33%
TWI	F	-0.32%
IBOC	C	-0.31%
GEO	B	-0.31%
DNOW	D	-0.31%
HIW	C	-0.31%
AVNS	F	-0.3%
JXN	C	-0.3%
BNL	B	-0.29%
SFL	C	-0.29%
DXC	C	-0.29%
VNDA	C	-0.29%
UCTT	A	-0.28%
HCC	C	-0.28%
STRA	C	-0.28%
AZZ	D	-0.28%
HUBG	C	-0.28%
ANDE	D	-0.28%
BKH	D	-0.27%
HLX	B	-0.27%
PDM	B	-0.27%
STNG	B	-0.27%
HRB	B	-0.26%
CLW	D	-0.26%
ABG	D	-0.26%
BHE	D	-0.26%
MAC	D	-0.26%
GIII	F	-0.26%
XRX	F	-0.26%
AMRK	C	-0.26%
SBRA	A	-0.26%
VSH	D	-0.25%
KELYA	D	-0.25%
DHT	D	-0.25%
TILE	D	-0.25%
GOGL	D	-0.25%
CUZ	D	-0.25%
THFF	D	-0.24%
RAMP	C	-0.24%
SXC	D	-0.24%
ADNT	F	-0.24%
IMKTA	F	-0.24%
KN	D	-0.23%
PK	D	-0.23%
PFS	D	-0.23%
NX	F	-0.22%
WINA	D	-0.22%
NTCT	D	-0.22%
MRVI	F	-0.21%
SD	D	-0.21%
SMP	F	-0.21%
BKU	C	-0.21%
KNSA	C	-0.2%
NAVI	F	-0.2%
MOV	D	-0.19%
MD	F	-0.19%
KRC	F	-0.18%
HOV	D	-0.18%
CHRD	C	-0.17%
NVST	F	-0.16%
SCSC	D	-0.15%
CECO	B	-0.15%
TWST	B	-0.15%
TPC	C	-0.15%
BRC	B	-0.15%
CGEM	D	-0.13%
TARS	C	-0.12%
AYI	D	-0.12%
AMCX	F	-0.12%
EIG	C	-0.11%
MLKN	D	-0.1%
KSS	F	-0.09%
TPH	D	-0.07%
OMI	F	-0.07%
WGO	F	-0.07%
VSTO	B	-0.06%
JWN	B	-0.06%
OGS	C	-0.05%
SWX	D	-0.05%
TDC	C	-0.05%
HE	F	-0.04%
ETD	D	-0.04%
ZEUS	F	-0.03%
SWI	B	-0.03%