VTWG vs. DES ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to SmallCap Dividend Fund (DES)

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

$221.79

Average Daily Volume

33,079

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

DES

SmallCap Dividend Fund

DES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.62

Average Daily Volume

99,975

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	DES
30 Days	6.52%	6.78%
60 Days	7.41%	7.05%
90 Days	8.38%	7.88%
12 Months	36.87%	30.14%

215 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in DES	Overlap
AEIS	C	0.3%	0.18%	0.18%
AESI	B	0.1%	0.23%	0.1%
AGM	B	0.11%	0.18%	0.11%
AGX	B	0.12%	0.3%	0.12%
AHH	D	0.0%	0.03%	0.0%
AIN	C	0.04%	0.13%	0.04%
ALG	B	0.13%	0.1%	0.1%
ALRS	D	0.0%	0.05%	0.0%
ALTG	C	0.01%	0.05%	0.01%
ALX	D	0.04%	0.12%	0.04%
AMSF	B	0.03%	0.3%	0.03%
ANDE	D	0.01%	0.11%	0.01%
ANET	C	0.0%	0.19%	0.0%
APOG	C	0.04%	0.25%	0.04%
ARCB	C	0.18%	0.11%	0.11%
ARKO	C	0.0%	0.08%	0.0%
AROC	A	0.25%	0.71%	0.25%
ATEN	A	0.08%	0.13%	0.08%
AWR	B	0.13%	0.32%	0.13%
AZZ	A	0.14%	0.15%	0.14%
BANF	B	0.02%	0.27%	0.02%
BBSI	B	0.06%	0.13%	0.06%
BCO	F	0.34%	0.25%	0.25%
BDC	C	0.18%	0.2%	0.18%
BFS	C	0.03%	0.05%	0.03%
BKE	B	0.1%	0.41%	0.1%
BLMN	F	0.05%	0.16%	0.05%
BRY	F	0.01%	0.08%	0.01%
BSIG	A	0.05%	0.05%	0.05%
BSVN	B	0.0%	0.04%	0.0%
CAKE	C	0.17%	0.3%	0.17%
CAL	F	0.02%	0.1%	0.02%
CALM	A	0.02%	0.16%	0.02%
CASH	B	0.04%	0.09%	0.04%
CASS	C	0.04%	0.04%	0.04%
CBL	B	0.03%	0.04%	0.03%
CBRL	C	0.02%	0.23%	0.02%
CCOI	B	0.26%	0.66%	0.26%
CCS	D	0.02%	0.16%	0.02%
CDRE	F	0.07%	0.1%	0.07%
CHCO	B	0.01%	0.2%	0.01%
CHCT	C	0.0%	0.03%	0.0%
CLB	B	0.07%	0.07%	0.07%
CNMD	C	0.16%	0.09%	0.09%
CNS	B	0.2%	0.71%	0.2%
CRAI	C	0.09%	0.17%	0.09%
CRGY	B	0.03%	0.2%	0.03%
CRS	B	0.53%	0.51%	0.51%
CSGS	B	0.1%	0.21%	0.1%
CSV	B	0.03%	0.12%	0.03%
CSWI	B	0.43%	0.26%	0.26%
CTRE	C	0.03%	0.23%	0.03%
CTS	C	0.09%	0.1%	0.09%
CVGW	D	0.01%	0.07%	0.01%
CVI	F	0.04%	0.48%	0.04%
CWH	B	0.08%	0.12%	0.08%
CWT	C	0.06%	0.2%	0.06%
DBRG	F	0.05%	0.09%	0.05%
DHIL	B	0.02%	0.05%	0.02%
DIN	C	0.0%	0.1%	0.0%
DK	C	0.02%	0.16%	0.02%
DNUT	F	0.07%	0.1%	0.07%
EGY	D	0.0%	0.14%	0.0%
EMBC	C	0.01%	0.12%	0.01%
ENR	B	0.17%	0.3%	0.17%
ENS	F	0.26%	0.22%	0.22%
EPAC	C	0.18%	0.11%	0.11%
EPM	A	0.0%	0.05%	0.0%
ESE	B	0.12%	0.14%	0.12%
EVC	C	0.0%	0.05%	0.0%
EVTC	B	0.16%	0.08%	0.08%
EXPI	D	0.08%	0.08%	0.08%
FBIZ	B	0.0%	0.02%	0.0%
FBP	C	0.02%	0.5%	0.02%
GCMG	B	0.03%	0.08%	0.03%
GFF	A	0.18%	0.3%	0.18%
GIC	D	0.03%	0.14%	0.03%
GNE	F	0.01%	0.06%	0.01%
GRC	A	0.06%	0.13%	0.06%
GVA	A	0.23%	0.23%	0.23%
GWRS	B	0.01%	0.07%	0.01%
HCI	C	0.07%	0.04%	0.04%
HCKT	B	0.04%	0.14%	0.04%
HEES	C	0.12%	0.21%	0.12%
HI	C	0.05%	0.17%	0.05%
HLIO	B	0.08%	0.11%	0.08%
HNI	B	0.08%	0.29%	0.08%
HQI	B	0.0%	0.04%	0.0%
HRI	C	0.44%	0.44%	0.44%
HSTM	B	0.02%	0.08%	0.02%
HTLD	C	0.02%	0.07%	0.02%
HWKN	B	0.15%	0.2%	0.15%
HY	D	0.03%	0.13%	0.03%
ICFI	F	0.23%	0.12%	0.12%
IDCC	B	0.28%	0.4%	0.28%
IIIN	C	0.02%	0.05%	0.02%
INBK	B	0.01%	0.01%	0.01%
IOSP	C	0.17%	0.22%	0.17%
ITIC	A	0.0%	0.08%	0.0%
JACK	C	0.07%	0.09%	0.07%
JBSS	F	0.05%	0.15%	0.05%
JBT	B	0.02%	0.16%	0.02%
JJSF	C	0.19%	0.28%	0.19%
JOE	F	0.14%	0.12%	0.12%
KAI	B	0.29%	0.18%	0.18%
KALU	C	0.08%	0.26%	0.08%
KFRC	D	0.08%	0.14%	0.08%
KLG	B	0.08%	0.3%	0.08%
KLIC	B	0.18%	0.16%	0.16%
KNTK	A	0.01%	0.71%	0.01%
KRT	B	0.01%	0.14%	0.01%
KTB	B	0.35%	0.59%	0.35%
KWR	C	0.16%	0.14%	0.14%
LBRT	D	0.01%	0.22%	0.01%
LCII	C	0.2%	0.35%	0.2%
LKFN	C	0.01%	0.13%	0.01%
LMAT	A	0.13%	0.16%	0.13%
LNN	B	0.05%	0.1%	0.05%
LOB	C	0.09%	0.08%	0.08%
LYTS	B	0.02%	0.11%	0.02%
MC	C	0.35%	0.6%	0.35%
MCBS	B	0.0%	0.08%	0.0%
MCRI	A	0.07%	0.19%	0.07%
MCY	A	0.02%	0.3%	0.02%
METC	C	0.02%	0.08%	0.02%
MGEE	B	0.1%	0.44%	0.1%
MGPI	F	0.05%	0.05%	0.05%
MGRC	B	0.21%	0.2%	0.2%
MLAB	F	0.01%	0.07%	0.01%
MLR	C	0.0%	0.15%	0.0%
MPX	C	0.0%	0.08%	0.0%
MRTN	D	0.01%	0.1%	0.01%
MSEX	C	0.01%	0.12%	0.01%
MTRN	C	0.15%	0.1%	0.1%
MWA	B	0.25%	0.3%	0.25%
MYE	F	0.03%	0.08%	0.03%
NATH	C	0.02%	0.08%	0.02%
NGVC	A	0.0%	0.18%	0.0%
NIC	B	0.02%	0.07%	0.02%
NOG	B	0.02%	0.53%	0.02%
NPO	A	0.02%	0.18%	0.02%
NRC	F	0.02%	0.05%	0.02%
NSSC	D	0.1%	0.1%	0.1%
NTST	C	0.02%	0.04%	0.02%
NVEC	B	0.03%	0.09%	0.03%
ODC	B	0.01%	0.08%	0.01%
OFLX	D	0.01%	0.06%	0.01%
OTTR	C	0.11%	0.35%	0.11%
OXM	F	0.06%	0.15%	0.06%
PAHC	C	0.01%	0.11%	0.01%
PATK	C	0.2%	0.38%	0.2%
PBI	B	0.03%	0.27%	0.03%
PDCO	F	0.02%	0.25%	0.02%
PIPR	A	0.36%	0.24%	0.24%
PJT	A	0.24%	0.15%	0.15%
PKE	B	0.01%	0.07%	0.01%
PLOW	D	0.03%	0.11%	0.03%
PLPC	B	0.0%	0.07%	0.0%
POWL	C	0.18%	0.35%	0.18%
PRGS	A	0.2%	0.17%	0.17%
PRIM	A	0.23%	0.22%	0.22%
PSMT	D	0.1%	0.16%	0.1%
PSTL	D	0.01%	0.03%	0.01%
PTVE	B	0.0%	0.25%	0.0%
PZZA	F	0.09%	0.16%	0.09%
RCKY	F	0.0%	0.04%	0.0%
REPX	A	0.0%	0.16%	0.0%
REVG	C	0.08%	0.15%	0.08%
RGR	F	0.01%	0.08%	0.01%
RICK	B	0.01%	0.04%	0.01%
RM	C	0.0%	0.04%	0.0%
RRR	F	0.09%	0.24%	0.09%
SAH	C	0.02%	0.16%	0.02%
SCL	C	0.01%	0.13%	0.01%
SEM	B	0.18%	0.37%	0.18%
SFBS	C	0.09%	0.24%	0.09%
SGC	C	0.0%	0.07%	0.0%
SHBI	B	0.0%	0.04%	0.0%
SHOO	F	0.24%	0.35%	0.24%
SHYF	C	0.0%	0.09%	0.0%
SKT	A	0.1%	0.23%	0.1%
SLP	D	0.03%	0.05%	0.03%
SLVM	B	0.05%	0.39%	0.05%
SSTK	F	0.05%	0.11%	0.05%
STEP	C	0.28%	0.3%	0.28%
SWBI	C	0.0%	0.1%	0.0%
SXI	B	0.12%	0.16%	0.12%
SXT	C	0.22%	0.32%	0.22%
TILE	B	0.01%	0.14%	0.01%
TIPT	C	0.01%	0.04%	0.01%
TNC	D	0.05%	0.14%	0.05%
TPB	B	0.05%	0.16%	0.05%
TRAK	B	0.02%	0.08%	0.02%
TRN	B	0.19%	0.41%	0.19%
TSQ	D	0.01%	0.03%	0.01%
ULH	C	0.01%	0.17%	0.01%
UMH	B	0.01%	0.07%	0.01%
UPBD	B	0.12%	0.28%	0.12%
USLM	A	0.09%	0.23%	0.09%
USPH	B	0.09%	0.13%	0.09%
UTZ	D	0.06%	0.12%	0.06%
UVE	B	0.01%	0.07%	0.01%
VCTR	B	0.18%	0.6%	0.18%
VRTS	B	0.09%	0.24%	0.09%
VSEC	C	0.02%	0.14%	0.02%
WD	D	0.19%	0.24%	0.19%
WDFC	B	0.26%	0.28%	0.26%
WERN	C	0.02%	0.15%	0.02%
WHD	B	0.29%	0.28%	0.28%
WKC	C	0.01%	0.19%	0.01%
WOR	F	0.08%	0.24%	0.08%
WTI	F	0.02%	0.05%	0.02%
WWW	A	0.09%	0.33%	0.09%
YORW	F	0.0%	0.08%	0.0%
YOU	D	0.24%	0.17%	0.17%

VTWG Overweight 752 Positions Relative to DES

Symbol	Grade	Weight
SFM	A	0.96%
PCVX	D	0.94%
INSM	C	0.78%
AIT	B	0.66%
FN	C	0.65%
ENSG	C	0.64%
MLI	B	0.63%
FLR	B	0.61%
LNTH	D	0.56%
HQY	A	0.53%
HLNE	B	0.51%
ANF	F	0.49%
GKOS	B	0.48%
EXLS	B	0.48%
HALO	F	0.47%
CVLT	B	0.47%
RHP	B	0.46%
CWST	A	0.45%
MOD	A	0.45%
NOVT	D	0.45%
SPSC	D	0.45%
BMI	B	0.44%
ALTR	B	0.44%
CBT	D	0.43%
AVAV	C	0.42%
MMSI	A	0.42%
BECN	B	0.41%
BPMC	B	0.41%
KNF	B	0.41%
VRNS	D	0.41%
MOG.A	B	0.4%
CHX	C	0.4%
BCPC	B	0.4%
WTS	B	0.39%
MMS	F	0.39%
RVMD	C	0.39%
RMBS	B	0.38%
ACIW	B	0.38%
GTLS	A	0.38%
IBP	D	0.38%
ZETA	D	0.37%
DY	D	0.37%
QTWO	A	0.37%
CRDO	B	0.36%
NSIT	F	0.36%
FSS	B	0.36%
CRNX	C	0.36%
ZWS	B	0.36%
STRL	A	0.35%
TENB	C	0.35%
FFIN	B	0.35%
SIGI	C	0.35%
EXPO	D	0.35%
MDGL	B	0.34%
RNA	C	0.34%
SHAK	C	0.34%
ITRI	C	0.34%
QLYS	B	0.33%
BOX	B	0.33%
KRYS	C	0.32%
RDNT	B	0.32%
VRRM	F	0.32%
FELE	B	0.32%
PI	D	0.32%
UFPI	C	0.31%
ALKS	C	0.31%
WK	B	0.3%
MGY	A	0.3%
EAT	A	0.3%
FTDR	B	0.29%
CORT	B	0.29%
CWAN	B	0.29%
LRN	A	0.29%
RKLB	A	0.28%
UPST	B	0.28%
MARA	B	0.28%
PRCT	B	0.28%
RXO	D	0.28%
ACLX	C	0.27%
ADMA	B	0.27%
BOOT	C	0.27%
TGTX	B	0.26%
SGBX	F	0.26%
HAE	C	0.26%
AXNX	A	0.26%
HIMS	B	0.26%
SLAB	F	0.25%
FOLD	F	0.25%
ROAD	B	0.25%
LANC	C	0.25%
POWI	F	0.25%
CVCO	A	0.25%
ENV	B	0.24%
GMS	B	0.24%
AXSM	B	0.24%
OSCR	D	0.24%
CBZ	B	0.24%
NUVL	C	0.23%
SMPL	B	0.23%
SITM	B	0.23%
BLKB	B	0.23%
ATKR	D	0.23%
BL	B	0.23%
TDW	F	0.22%
FORM	D	0.22%
UEC	B	0.22%
DORM	B	0.22%
APAM	B	0.21%
ACLS	F	0.21%
NSP	F	0.21%
AEO	F	0.21%
SMTC	B	0.21%
ITGR	B	0.21%
CRVL	B	0.2%
IOVA	F	0.2%
PTGX	D	0.2%
EVH	F	0.2%
PTON	A	0.2%
TNET	F	0.2%
HGV	C	0.2%
CARG	B	0.2%
BCC	B	0.19%
NARI	C	0.19%
ACVA	B	0.19%
GH	B	0.19%
ALRM	C	0.19%
DOCN	C	0.19%
CNK	C	0.19%
RYTM	C	0.19%
AUR	C	0.19%
TMDX	F	0.19%
TBBK	B	0.18%
COMP	B	0.18%
FRSH	B	0.18%
CLSK	C	0.18%
GSHD	A	0.18%
EWTX	C	0.18%
CPRX	C	0.18%
HBI	B	0.18%
VC	F	0.18%
OII	B	0.18%
RPD	B	0.18%
SKY	A	0.17%
YELP	C	0.17%
VERX	A	0.17%
AGYS	A	0.17%
IRTC	C	0.17%
ARWR	D	0.17%
MQ	D	0.17%
AMR	C	0.17%
PTCT	B	0.17%
ASTH	F	0.17%
TWST	F	0.17%
DYN	F	0.17%
IDYA	F	0.17%
MYRG	B	0.16%
VCEL	B	0.16%
PLMR	A	0.16%
IPAR	B	0.16%
INTA	B	0.15%
OSIS	A	0.15%
PAR	A	0.15%
VAL	F	0.15%
TNDM	D	0.15%
HURN	C	0.15%
BBIO	F	0.15%
KYMR	D	0.15%
COOP	B	0.15%
SWTX	C	0.15%
BRZE	C	0.15%
AI	B	0.15%
FLYW	B	0.15%
DNLI	D	0.14%
OPCH	D	0.14%
LAUR	A	0.14%
PAYO	A	0.14%
PRVA	C	0.14%
NATL	B	0.14%
JOBY	B	0.14%
LBPH	A	0.14%
UFPT	C	0.14%
AMPH	F	0.14%
VYX	B	0.13%
IMVT	F	0.13%
KROS	D	0.13%
BE	B	0.13%
ACAD	C	0.13%
SRRK	C	0.13%
OSW	B	0.13%
KOS	D	0.13%
GOLF	B	0.13%
TFIN	B	0.13%
IESC	C	0.13%
TRUP	B	0.13%
RXST	F	0.13%
VERA	C	0.12%
PLUS	F	0.12%
NVCR	C	0.12%
TARS	C	0.12%
OCUL	D	0.12%
ALKT	B	0.12%
BCRX	D	0.12%
STNE	F	0.12%
RAMP	B	0.12%
PD	C	0.12%
GERN	D	0.12%
ARVN	F	0.12%
UPWK	B	0.12%
WULF	C	0.11%
STAA	F	0.11%
MNKD	C	0.11%
APPN	B	0.11%
CSTM	F	0.11%
AMN	F	0.11%
WT	A	0.11%
PFSI	C	0.11%
SOUN	B	0.11%
WRBY	A	0.11%
UCTT	D	0.11%
KTOS	B	0.11%
MIRM	B	0.11%
RXRX	F	0.11%
JANX	C	0.11%
SMR	B	0.11%
NGVT	B	0.11%
TGLS	B	0.11%
CALX	D	0.11%
SMMT	D	0.11%
SNDX	F	0.11%
SPT	C	0.1%
THRM	F	0.1%
FLNC	D	0.1%
BLBD	D	0.1%
VECO	F	0.1%
INFN	D	0.1%
JAMF	F	0.1%
ARDX	F	0.1%
CLDX	F	0.1%
HROW	D	0.1%
ZUO	B	0.1%
ENVX	F	0.1%
SONO	C	0.1%
CHEF	A	0.1%
MGNI	B	0.1%
PLXS	B	0.09%
PLAY	D	0.09%
RDFN	D	0.09%
KURA	F	0.09%
HLIT	D	0.09%
ALHC	C	0.09%
DVAX	C	0.09%
PGNY	F	0.09%
PHR	F	0.08%
ERII	D	0.08%
CGON	F	0.08%
ATRC	C	0.08%
BKD	F	0.08%
OUT	A	0.08%
SAVA	C	0.08%
JBI	F	0.08%
IMAX	B	0.08%
LEU	C	0.08%
NVAX	F	0.08%
FIZZ	C	0.08%
NRIX	C	0.08%
TPH	D	0.08%
RCKT	F	0.08%
QNST	B	0.08%
AMBA	B	0.08%
COLL	F	0.08%
FUL	F	0.08%
VITL	D	0.08%
AMRX	C	0.08%
SPNS	F	0.08%
PDFS	C	0.07%
DRVN	B	0.07%
PRO	C	0.07%
EOLS	D	0.07%
WVE	C	0.07%
PNTG	D	0.07%
SHLS	F	0.07%
ASGN	F	0.07%
GPOR	B	0.07%
ELVN	D	0.07%
WLY	B	0.07%
CENX	B	0.07%
ASO	F	0.07%
CXM	C	0.07%
RVLV	A	0.07%
COUR	F	0.07%
ARLO	C	0.07%
DFIN	D	0.07%
ASAN	B	0.07%
HRMY	D	0.07%
SDGR	C	0.07%
XPEL	B	0.07%
MXL	C	0.07%
COGT	D	0.07%
VZIO	A	0.07%
ROCK	C	0.07%
ARRY	F	0.07%
VRDN	D	0.07%
EXTR	C	0.07%
LMND	B	0.07%
UDMY	D	0.06%
ANIP	F	0.06%
BLFS	C	0.06%
YEXT	B	0.06%
VVI	C	0.06%
LMB	B	0.06%
AGL	F	0.06%
PAGS	F	0.06%
AORT	B	0.06%
ATEC	C	0.06%
SM	B	0.06%
CMPR	D	0.06%
MRVI	F	0.06%
RSI	A	0.06%
MEG	F	0.06%
XMTR	B	0.06%
RCUS	F	0.06%
DFH	D	0.06%
BLND	A	0.06%
IE	C	0.06%
AMSC	B	0.06%
ADUS	D	0.06%
TRNS	D	0.06%
OEC	C	0.06%
NNBR	C	0.06%
NABL	F	0.06%
ARQT	B	0.06%
MCW	C	0.05%
PUBM	C	0.05%
SGHC	A	0.05%
RVNC	F	0.05%
BASE	B	0.05%
LQDA	F	0.05%
PAX	C	0.05%
GSAT	C	0.05%
URBN	C	0.05%
ACMR	D	0.05%
UTI	B	0.05%
ZIP	D	0.05%
CCB	A	0.05%
NEXT	C	0.05%
PECO	A	0.05%
DAWN	D	0.05%
GDYN	B	0.05%
IBUY	B	0.05%
CECO	B	0.05%
ACHR	B	0.05%
AUPH	B	0.05%
CGEM	F	0.05%
SPRY	C	0.05%
KBH	D	0.05%
TTGT	B	0.05%
FSLY	D	0.05%
PLAB	C	0.04%
DJCO	B	0.04%
BBW	C	0.04%
CTLP	B	0.04%
PRMW	C	0.04%
HLF	C	0.04%
CRMD	C	0.04%
IDT	B	0.04%
APLT	C	0.04%
MAX	F	0.04%
FWRG	C	0.04%
ABUS	D	0.04%
EU	D	0.04%
REAX	D	0.04%
LPG	F	0.04%
TREE	F	0.04%
YMAB	F	0.04%
INOD	B	0.04%
CYTK	F	0.04%
WEAV	C	0.04%
APLD	B	0.04%
PTLO	F	0.04%
ATGE	B	0.04%
VSCO	C	0.04%
IBTA	C	0.04%
IMXI	B	0.04%
ACEL	C	0.04%
AIV	C	0.04%
EVRI	A	0.04%
OSPN	A	0.04%
LPRO	B	0.04%
XNCR	B	0.04%
VICR	C	0.04%
NRDS	C	0.04%
CDMO	A	0.04%
GRBK	D	0.04%
KRUS	B	0.04%
IMNM	F	0.04%
AXGN	C	0.04%
CIFR	C	0.04%
TYRA	F	0.03%
LRMR	D	0.03%
AKRO	B	0.03%
DSGR	C	0.03%
RIOT	C	0.03%
URGN	F	0.03%
MLNK	C	0.03%
WRLD	C	0.03%
ARCT	F	0.03%
BYND	F	0.03%
MNTK	F	0.03%
BIGC	B	0.03%
ARHS	F	0.03%
LWLG	D	0.03%
BJRI	C	0.03%
PX	A	0.03%
MDXG	B	0.03%
MIR	A	0.03%
SKWD	A	0.03%
AEHR	F	0.03%
CELC	F	0.03%
IRMD	C	0.03%
PPTA	C	0.03%
KALV	F	0.03%
AX	B	0.03%
MITK	C	0.03%
ALEC	F	0.03%
ESQ	B	0.03%
EAF	C	0.03%
AIR	B	0.03%
FA	C	0.03%
TTI	B	0.03%
JELD	F	0.03%
UHT	D	0.03%
PRTA	F	0.03%
ANAB	F	0.03%
LFST	B	0.03%
BAND	B	0.03%
ENFN	B	0.03%
CAPR	C	0.03%
STOK	F	0.03%
FC	F	0.03%
DMRC	B	0.03%
FLNG	C	0.03%
HUMA	F	0.03%
AGS	A	0.03%
XERS	C	0.03%
EVER	D	0.03%
SIBN	F	0.03%
MNMD	C	0.03%
AHCO	F	0.03%
THRY	D	0.03%
CEVA	B	0.03%
LQDT	B	0.03%
SANA	F	0.03%
SEMR	C	0.03%
SYNA	C	0.02%
INSE	C	0.02%
NBR	C	0.02%
SERA	F	0.02%
LOVE	A	0.02%
PRME	F	0.02%
ABSI	F	0.02%
EWCZ	F	0.02%
EB	C	0.02%
LAZR	D	0.02%
NMIH	C	0.02%
TMCI	C	0.02%
ASPN	F	0.02%
OCGN	F	0.02%
DENN	D	0.02%
LIND	C	0.02%
LUNG	F	0.02%
CYRX	F	0.02%
IGMS	F	0.02%
TDOC	C	0.02%
NVEE	F	0.02%
SNEX	B	0.02%
TH	C	0.02%
SIGA	F	0.02%
CDNA	D	0.02%
FNA	B	0.02%
BYRN	B	0.02%
CRCT	F	0.02%
SABR	C	0.02%
HLX	B	0.02%
OLO	A	0.02%
ULCC	D	0.02%
RCEL	B	0.02%
CHPT	F	0.02%
BMEA	F	0.02%
ALT	C	0.02%
SNCY	C	0.02%
FDMT	F	0.02%
SFL	D	0.02%
EYPT	D	0.02%
SKYT	D	0.02%
DOMO	B	0.02%
BWMN	C	0.02%
CYH	F	0.02%
CENTA	C	0.02%
EGHT	B	0.02%
CERS	D	0.02%
ICHR	C	0.02%
INST	B	0.02%
GHM	A	0.02%
BLZE	F	0.02%
CSTL	D	0.02%
TSHA	C	0.02%
DIOD	D	0.02%
NNOX	C	0.02%
ATEX	F	0.02%
LESL	D	0.02%
XPOF	C	0.02%
PRG	C	0.02%
PCT	C	0.02%
IGT	F	0.02%
PLSE	C	0.02%
CMPO	B	0.02%
GRND	A	0.02%
SRCL	B	0.02%
AMRC	F	0.02%
RDVT	A	0.02%
SRDX	B	0.02%
SVRA	F	0.02%
CCO	C	0.01%
NWPX	A	0.01%
DAKT	C	0.01%
FOR	F	0.01%
STKS	F	0.01%
REKR	F	0.01%
AKYA	F	0.01%
BDTX	F	0.01%
VERU	F	0.01%
GCO	C	0.01%
OMER	A	0.01%
INMB	F	0.01%
ACCD	D	0.01%
AIRS	C	0.01%
EP	C	0.01%
GLSI	F	0.01%
EVI	F	0.01%
FULC	F	0.01%
XFOR	F	0.01%
MLYS	F	0.01%
BLNK	F	0.01%
DC	D	0.01%
LXRX	F	0.01%
AMWD	C	0.01%
CWCO	C	0.01%
LFMD	D	0.01%
NPCE	C	0.01%
CTGO	D	0.01%
MODV	C	0.01%
THR	B	0.01%
OPRX	F	0.01%
PEPG	F	0.01%
STGW	A	0.01%
INVA	D	0.01%
SSTI	C	0.01%
EGAN	C	0.01%
EVEX	D	0.01%
GOOD	B	0.01%
IRON	B	0.01%
PRTH	B	0.01%
ACHV	F	0.01%
STXS	C	0.01%
SCWO	F	0.01%
NTIC	B	0.01%
IAS	C	0.01%
MRAM	D	0.01%
PFIS	A	0.01%
QUIK	F	0.01%
CADL	F	0.01%
ESPR	B	0.01%
TRVI	F	0.01%
MRSN	D	0.01%
LAW	F	0.01%
AQST	D	0.01%
TAYD	D	0.01%
MVIS	F	0.01%
SPNT	B	0.01%
KFS	B	0.01%
GRPN	F	0.01%
FHTX	C	0.01%
JILL	C	0.01%
SCPH	F	0.01%
QUAD	C	0.01%
PAYS	F	0.01%
PLUG	F	0.01%
OLMA	F	0.01%
FFWM	C	0.01%
LWAY	C	0.01%
LCTX	F	0.01%
SKIN	D	0.01%
JYNT	C	0.01%
RILY	F	0.01%
INFU	B	0.01%
BBAI	C	0.01%
HNST	A	0.01%
SUPN	C	0.01%
DESP	B	0.01%
SKYH	C	0.01%
KLTR	B	0.01%
PHAT	F	0.01%
ACIC	B	0.01%
SMTI	B	0.01%
BTMD	B	0.01%
CDZI	C	0.01%
ORIC	F	0.01%
ZYXI	D	0.01%
AVXL	B	0.01%
QRHC	D	0.01%
CTOS	B	0.01%
ADCT	F	0.01%
NEO	C	0.01%
SMLR	B	0.01%
MDWD	D	0.01%
OMI	F	0.01%
MGTX	C	0.01%
TCX	D	0.01%
BRCC	F	0.01%
REX	D	0.01%
LGIH	F	0.01%
XOMA	C	0.01%
AEYE	C	0.01%
SMID	B	0.01%
ARAY	C	0.01%
MLP	B	0.01%
HEAR	D	0.01%
EVCM	B	0.01%
GAMB	A	0.01%
PRCH	B	0.01%
AVAH	B	0.01%
INDI	C	0.01%
LIVN	F	0.01%
CDXC	B	0.01%
INMD	C	0.01%
CDLX	D	0.01%
CVRX	C	0.01%
SGHT	F	0.01%
DSP	A	0.01%
GOGO	C	0.01%
KREF	C	0.01%
BVS	D	0.01%
PFMT	F	0.01%
LNZA	F	0.01%
IRWD	F	0.01%
MGNX	F	0.01%
PESI	B	0.01%
ZURA	F	0.01%
GCBC	C	0.01%
REAL	B	0.01%
PBPB	C	0.01%
QRTEB	F	0.0%
SES	F	0.0%
LYRA	F	0.0%
TDUP	C	0.0%
MASS	F	0.0%
PGEN	F	0.0%
RSVR	B	0.0%
QIPT	F	0.0%
SPCE	D	0.0%
ATLC	A	0.0%
ULBI	F	0.0%
GRWG	D	0.0%
HLVX	F	0.0%
VIRC	B	0.0%
RMNI	C	0.0%
LUNR	B	0.0%
VGAS	B	0.0%
RENB	F	0.0%
CZFS	B	0.0%
ELEV	D	0.0%
ORGO	B	0.0%
HRTX	F	0.0%
HOWL	F	0.0%
APEI	B	0.0%
BOC	C	0.0%
TERN	F	0.0%
CHRS	D	0.0%
LSEA	D	0.0%
FENC	D	0.0%
SST	F	0.0%
CTV	A	0.0%
RGLS	F	0.0%
MEC	F	0.0%
DIBS	F	0.0%
AMPX	C	0.0%
DLHC	F	0.0%
CIX	D	0.0%
HBIO	F	0.0%
CDXS	B	0.0%
VRCA	F	0.0%
CLBK	C	0.0%
ALDX	D	0.0%
ORN	B	0.0%
TNYA	D	0.0%
ATOS	F	0.0%
GALT	C	0.0%
AVTE	D	0.0%
IIIV	C	0.0%
LASR	D	0.0%
AKBA	C	0.0%
STTK	F	0.0%
NATR	C	0.0%
MITT	D	0.0%
CABA	F	0.0%
INNV	F	0.0%
VALU	C	0.0%
AOMR	F	0.0%
CENT	C	0.0%
CMRE	C	0.0%
HCAT	D	0.0%
FUBO	D	0.0%
OOMA	B	0.0%
FG	A	0.0%
PBYI	C	0.0%
METCB	F	0.0%
ANIK	D	0.0%
USCB	B	0.0%
MYFW	B	0.0%
CURV	D	0.0%
OABI	F	0.0%
FIGS	F	0.0%
NGS	B	0.0%
PSTX	D	0.0%
RDW	A	0.0%
CRDF	F	0.0%
ALXO	F	0.0%
HDSN	F	0.0%
OUST	C	0.0%
GMGI	C	0.0%
QBTS	B	0.0%
OBIO	C	0.0%
BOOM	F	0.0%
FLWS	D	0.0%
EYE	C	0.0%
DXPE	C	0.0%
ATNM	F	0.0%
OPEN	F	0.0%
HOV	D	0.0%
PCRX	C	0.0%
CRSR	C	0.0%
AVO	C	0.0%
BMBL	C	0.0%
VTSI	C	0.0%
MAPS	B	0.0%
DCGO	B	0.0%
CLPR	D	0.0%
TTSH	F	0.0%
QTRX	F	0.0%
OVID	F	0.0%
PLL	C	0.0%
NRDY	C	0.0%

VTWG Underweight 352 Positions Relative to DES

Symbol	Grade	Weight
OGN	F	-1.03%
TFSL	A	-0.87%
EPR	C	-0.73%
ALE	A	-0.72%
FIBK	B	-0.65%
TPG	A	-0.64%
NSA	C	-0.64%
BNL	D	-0.61%
SBRA	C	-0.61%
TNL	A	-0.61%
BKH	A	-0.59%
EPRT	B	-0.58%
SLG	B	-0.58%
JWN	D	-0.57%
OGS	A	-0.56%
SMG	C	-0.55%
CATY	B	-0.51%
KSS	F	-0.51%
SR	A	-0.51%
NHI	D	-0.51%
ASB	B	-0.5%
NWE	B	-0.5%
FHB	B	-0.46%
AVNT	B	-0.46%
FFBC	B	-0.46%
CRC	A	-0.45%
AVA	A	-0.45%
PNM	B	-0.44%
VIRT	A	-0.42%
TDS	B	-0.42%
VAC	C	-0.42%
IBOC	B	-0.42%
RUSHA	C	-0.39%
CRI	F	-0.38%
TGNA	B	-0.37%
SFNC	C	-0.37%
FULT	A	-0.37%
LEG	F	-0.36%
CUZ	B	-0.36%
PINC	B	-0.36%
PPBI	C	-0.36%
UCB	A	-0.35%
CBU	B	-0.35%
HWC	B	-0.35%
PHIN	A	-0.35%
SLM	A	-0.35%
AUB	B	-0.34%
PFS	B	-0.34%
BOH	B	-0.34%
KRO	C	-0.34%
HP	C	-0.33%
IIPR	D	-0.33%
NWBI	B	-0.33%
CVBF	A	-0.33%
CDP	C	-0.32%
EBC	B	-0.32%
UVV	B	-0.31%
UMBF	B	-0.29%
NHC	C	-0.29%
MATX	C	-0.29%
INDB	B	-0.29%
BRC	D	-0.29%
KMPR	A	-0.28%
SPB	C	-0.28%
WSBC	B	-0.28%
FRME	B	-0.28%
XRX	F	-0.28%
PRK	B	-0.27%
KMT	B	-0.27%
ABM	B	-0.27%
BKU	A	-0.27%
GBX	A	-0.26%
GEF	A	-0.26%
PRDO	B	-0.26%
NWN	A	-0.26%
DLX	B	-0.25%
BANR	B	-0.24%
GRNT	B	-0.24%
SASR	B	-0.24%
STRA	C	-0.23%
HTLF	B	-0.23%
CPK	A	-0.23%
CNO	B	-0.23%
IBTX	B	-0.23%
PEBO	B	-0.23%
TOWN	B	-0.23%
BHE	C	-0.22%
WTTR	A	-0.22%
KFY	B	-0.22%
HOPE	C	-0.22%
WINA	C	-0.21%
TRMK	C	-0.21%
SCS	C	-0.21%
SJW	F	-0.2%
MAC	B	-0.2%
ACA	A	-0.2%
CABO	B	-0.19%
OFG	B	-0.19%
SXC	A	-0.19%
CXT	C	-0.19%
UTL	B	-0.19%
IRT	A	-0.19%
ABCB	B	-0.19%
WAFD	B	-0.19%
NBTB	B	-0.19%
BANC	B	-0.19%
WABC	B	-0.18%
TEX	F	-0.18%
MLKN	F	-0.18%
GES	F	-0.18%
WMK	C	-0.18%
BTU	B	-0.18%
FCF	B	-0.17%
BFH	C	-0.17%
BGC	C	-0.17%
GHC	B	-0.17%
SBCF	B	-0.17%
STBA	B	-0.16%
GABC	B	-0.16%
STC	B	-0.16%
OCFC	B	-0.16%
NAVI	F	-0.16%
CTBI	B	-0.16%
ETD	C	-0.16%
LZB	B	-0.16%
BUSE	B	-0.15%
HSII	B	-0.15%
EBF	F	-0.15%
HMN	B	-0.15%
RNST	B	-0.15%
MNRO	D	-0.15%
SRCE	B	-0.15%
ACCO	C	-0.15%
LXP	D	-0.15%
PFBC	B	-0.15%
VBTX	B	-0.15%
SCVL	F	-0.14%
VSH	F	-0.14%
VHI	D	-0.14%
HL	D	-0.14%
BRKL	B	-0.14%
WSFS	B	-0.14%
WGO	C	-0.14%
EGBN	B	-0.14%
SAFT	B	-0.13%
DAN	D	-0.13%
PK	C	-0.13%
MCS	B	-0.13%
EPC	F	-0.13%
PFC	B	-0.13%
NBHC	C	-0.13%
HCC	B	-0.13%
PCH	F	-0.13%
DEI	B	-0.12%
BGS	F	-0.12%
FBNC	B	-0.12%
EFSC	B	-0.12%
CFFN	C	-0.12%
UNF	B	-0.12%
NNI	D	-0.12%
SBSI	C	-0.12%
RES	D	-0.12%
NPK	B	-0.12%
LTC	B	-0.12%
SYBT	B	-0.12%
ARCH	B	-0.12%
RBCAA	B	-0.12%
EIG	B	-0.12%
SPTN	D	-0.11%
BHLB	B	-0.11%
TCBK	C	-0.11%
SMP	C	-0.11%
MTX	B	-0.11%
TR	B	-0.11%
ASIX	B	-0.11%
DCOM	B	-0.11%
WASH	C	-0.11%
FBK	C	-0.11%
ASTE	C	-0.1%
CNXN	C	-0.1%
HTH	C	-0.1%
HTBK	B	-0.1%
SPOK	B	-0.1%
RYI	C	-0.1%
AKR	B	-0.1%
FCPT	C	-0.1%
UE	B	-0.1%
GTY	A	-0.1%
HAYN	A	-0.1%
HBT	B	-0.09%
CMCO	C	-0.09%
WEYS	C	-0.09%
RNGR	A	-0.09%
THFF	B	-0.09%
CPF	B	-0.09%
FCBC	C	-0.09%
FISI	B	-0.09%
MBWM	B	-0.09%
HFWA	C	-0.09%
FBMS	B	-0.09%
LGTY	C	-0.09%
MATW	C	-0.09%
LMNR	B	-0.09%
HBNC	B	-0.09%
KW	C	-0.09%
EE	A	-0.09%
BHRB	B	-0.09%
NMRK	C	-0.09%
RUSHB	C	-0.08%
WNC	C	-0.08%
NX	C	-0.08%
DRH	B	-0.08%
SD	D	-0.08%
VLGEA	C	-0.08%
BELFB	C	-0.08%
SCHL	F	-0.08%
VSTS	C	-0.08%
TRST	B	-0.08%
RDUS	B	-0.08%
UWMC	D	-0.08%
HPK	B	-0.08%
MSB	A	-0.08%
HAFC	B	-0.08%
ROIC	A	-0.08%
PKOH	C	-0.08%
SHO	D	-0.08%
HVT	D	-0.08%
NUS	D	-0.07%
VRE	B	-0.07%
JBGS	F	-0.07%
XHR	B	-0.07%
ESRT	C	-0.07%
IBCP	B	-0.07%
GTN	F	-0.07%
CNOB	B	-0.07%
IMMR	C	-0.07%
TRS	B	-0.07%
AAT	B	-0.07%
MBIN	F	-0.07%
ALEX	B	-0.07%
IVT	A	-0.07%
BY	B	-0.07%
ATNI	F	-0.06%
CCNE	C	-0.06%
NRIM	A	-0.06%
MSBI	B	-0.06%
FFIC	B	-0.06%
NFBK	C	-0.06%
ARTNA	F	-0.06%
AMAL	B	-0.06%
MOV	D	-0.06%
KELYA	F	-0.06%
PEB	D	-0.06%
QCRH	B	-0.06%
RGP	F	-0.06%
KRNY	C	-0.06%
KOP	C	-0.06%
CMP	C	-0.06%
DEA	D	-0.06%
CAC	C	-0.06%
RLJ	C	-0.06%
MMI	C	-0.06%
NEWT	C	-0.06%
IMKTA	C	-0.06%
CTO	B	-0.05%
OBK	C	-0.05%
SMBK	B	-0.05%
EML	D	-0.05%
FLIC	B	-0.05%
ESCA	B	-0.05%
DBI	F	-0.05%
BFC	B	-0.05%
PGC	B	-0.05%
BSRR	B	-0.05%
CSR	B	-0.05%
RGCO	B	-0.05%
JOUT	F	-0.05%
FF	F	-0.05%
UTMD	F	-0.05%
FMBH	B	-0.05%
ZEUS	C	-0.05%
HBB	F	-0.05%
LAKE	B	-0.04%
CIVB	B	-0.04%
OPY	B	-0.04%
NBN	C	-0.04%
CLAR	D	-0.04%
HOFT	B	-0.04%
GSBC	C	-0.04%
ARC	A	-0.04%
TWIN	F	-0.04%
DGICA	A	-0.04%
AMTB	B	-0.04%
SMBC	B	-0.04%
SVC	F	-0.04%
SAVE	F	-0.04%
FMNB	B	-0.04%
RELL	B	-0.04%
HURC	B	-0.04%
SHEN	F	-0.04%
ORRF	B	-0.04%
OSBC	A	-0.04%
WSR	A	-0.04%
MEI	F	-0.04%
FSBC	C	-0.04%
EQBK	B	-0.04%
NC	B	-0.04%
ALCO	D	-0.04%
NECB	C	-0.03%
CLDT	B	-0.03%
FSBW	C	-0.03%
CSPI	C	-0.03%
CZNC	C	-0.03%
BSET	C	-0.03%
SPFI	C	-0.03%
ACU	C	-0.03%
BHB	C	-0.03%
GNTY	A	-0.03%
AROW	B	-0.03%
BRT	A	-0.03%
OLP	B	-0.03%
HONE	C	-0.03%
GMRE	F	-0.03%
AMRK	F	-0.03%
PHX	A	-0.03%
LCUT	F	-0.03%
PLYM	F	-0.03%
BMRC	B	-0.03%
UFCS	A	-0.03%
WTBA	B	-0.03%
FRST	B	-0.03%
UNTY	B	-0.02%
RRBI	A	-0.02%
SSBK	B	-0.02%
SGA	D	-0.02%
CBNK	B	-0.02%
III	C	-0.02%
RMR	F	-0.02%
VOC	C	-0.02%
LAND	F	-0.02%
PKST	F	-0.02%
FRBA	D	-0.02%
DHC	F	-0.02%
ISTR	B	-0.02%
FPI	B	-0.02%
CATO	D	-0.02%
FDBC	C	-0.01%
MBCN	C	-0.01%
OBT	C	-0.01%
PLBC	A	-0.01%
PINE	C	-0.01%
FNWB	C	-0.0%