VTWG vs. FAD ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)

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

$206.39

Average Daily Volume

42,980

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$133.58

Average Daily Volume

5,542

Number of Holdings ^*

649

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	FAD
30 Days	4.54%	6.45%
60 Days	10.48%	13.50%
90 Days	8.59%	8.84%
12 Months	30.95%	37.41%

245 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in FAD	Overlap
ACIW	A	0.39%	0.15%	0.15%
ACLS	F	0.26%	0.12%	0.12%
ACVA	C	0.21%	0.08%	0.08%
ADMA	A	0.29%	0.21%	0.21%
AEIS	B	0.29%	0.08%	0.08%
AESI	B	0.11%	0.08%	0.08%
AGL	F	0.09%	0.04%	0.04%
AGM	D	0.12%	0.07%	0.07%
AGYS	D	0.19%	0.1%	0.1%
AI	D	0.14%	0.02%	0.02%
AIT	B	0.59%	0.19%	0.19%
AIV	D	0.05%	0.05%	0.05%
ALG	F	0.14%	0.02%	0.02%
ALHC	C	0.07%	0.18%	0.07%
ALKS	B	0.36%	0.09%	0.09%
ALKT	D	0.11%	0.13%	0.11%
ALRM	F	0.21%	0.04%	0.04%
ALTR	B	0.38%	0.12%	0.12%
ALX	D	0.04%	0.07%	0.04%
AMR	F	0.2%	0.07%	0.07%
AMRX	B	0.09%	0.12%	0.09%
AMWD	C	0.01%	0.03%	0.01%
ANET	A	0.0%	0.45%	0.0%
ANF	D	0.55%	0.16%	0.16%
ANIP	F	0.06%	0.06%	0.06%
ARDX	D	0.11%	0.11%	0.11%
AROC	B	0.23%	0.12%	0.12%
ATGE	D	0.04%	0.13%	0.04%
AVAV	B	0.4%	0.22%	0.22%
AWR	B	0.13%	0.03%	0.03%
AXSM	D	0.24%	0.14%	0.14%
AZZ	B	0.15%	0.13%	0.13%
BANF	D	0.02%	0.08%	0.02%
BASE	F	0.06%	0.02%	0.02%
BCO	C	0.37%	0.23%	0.23%
BCPC	C	0.43%	0.09%	0.09%
BCRX	D	0.13%	0.09%	0.09%
BE	F	0.16%	0.04%	0.04%
BKD	F	0.09%	0.12%	0.09%
BLKB	C	0.26%	0.09%	0.09%
BMI	A	0.45%	0.19%	0.19%
BOX	C	0.34%	0.05%	0.05%
BPMC	F	0.45%	0.14%	0.14%
CAL	F	0.03%	0.09%	0.03%
CARG	C	0.19%	0.08%	0.08%
CBT	B	0.42%	0.2%	0.2%
CBZ	F	0.26%	0.09%	0.09%
CCOI	B	0.23%	0.05%	0.05%
CDRE	A	0.07%	0.08%	0.07%
CHCO	D	0.01%	0.08%	0.01%
CLDX	F	0.16%	0.04%	0.04%
CLSK	F	0.18%	0.03%	0.03%
CMPR	F	0.09%	0.09%	0.09%
CNK	D	0.18%	0.15%	0.15%
CNMD	F	0.17%	0.02%	0.02%
CNS	C	0.18%	0.05%	0.05%
COLL	A	0.09%	0.11%	0.09%
CORT	B	0.21%	0.13%	0.13%
CPRX	C	0.18%	0.09%	0.09%
CRDO	B	0.33%	0.09%	0.09%
CRNX	C	0.31%	0.05%	0.05%
CRS	B	0.51%	0.17%	0.17%
CRVL	C	0.21%	0.16%	0.16%
CSWI	A	0.39%	0.13%	0.13%
CTRE	C	0.02%	0.06%	0.02%
CVLT	B	0.47%	0.21%	0.21%
CWAN	B	0.26%	0.03%	0.03%
CWST	D	0.46%	0.12%	0.12%
CXM	F	0.07%	0.02%	0.02%
DBRG	D	0.04%	0.02%	0.02%
DFH	C	0.07%	0.07%	0.07%
DNLI	C	0.13%	0.03%	0.03%
DOCN	B	0.18%	0.03%	0.03%
DRVN	C	0.06%	0.03%	0.03%
DSGR	A	0.03%	0.09%	0.03%
DY	C	0.37%	0.14%	0.14%
ENSG	D	0.62%	0.24%	0.24%
ENV	C	0.24%	0.07%	0.07%
ENVX	D	0.11%	0.06%	0.06%
EPAC	A	0.17%	0.1%	0.1%
ESE	C	0.11%	0.06%	0.06%
EVH	D	0.27%	0.06%	0.06%
EVTC	D	0.16%	0.02%	0.02%
EXLS	B	0.43%	0.15%	0.15%
EXPO	A	0.41%	0.1%	0.1%
EXTR	D	0.08%	0.05%	0.05%
FA	A	0.04%	0.06%	0.04%
FELE	C	0.35%	0.04%	0.04%
FIZZ	F	0.08%	0.07%	0.07%
FLNC	C	0.08%	0.09%	0.08%
FOR	D	0.01%	0.05%	0.01%
FORM	D	0.28%	0.07%	0.07%
FSS	D	0.42%	0.18%	0.18%
FTDR	B	0.28%	0.13%	0.13%
FWRG	F	0.04%	0.04%	0.04%
GERN	D	0.14%	0.13%	0.13%
GFF	C	0.19%	0.1%	0.1%
GH	F	0.22%	0.06%	0.06%
GIC	D	0.03%	0.05%	0.03%
GKOS	B	0.49%	0.18%	0.18%
GOLF	F	0.14%	0.12%	0.12%
GPOR	B	0.07%	0.07%	0.07%
GRBK	C	0.05%	0.1%	0.05%
GVA	A	0.2%	0.15%	0.15%
HAE	F	0.28%	0.08%	0.08%
HALO	D	0.59%	0.22%	0.22%
HEES	D	0.11%	0.05%	0.05%
HIMS	C	0.21%	0.11%	0.11%
HLNE	A	0.44%	0.17%	0.17%
HLX	C	0.02%	0.11%	0.02%
HQY	B	0.5%	0.16%	0.16%
HRI	B	0.31%	0.1%	0.1%
HRMY	D	0.08%	0.06%	0.06%
HURN	D	0.15%	0.1%	0.1%
HWKN	B	0.18%	0.16%	0.16%
IAS	F	0.01%	0.03%	0.01%
IBP	C	0.4%	0.15%	0.15%
ICFI	C	0.23%	0.11%	0.11%
IDCC	A	0.26%	0.11%	0.11%
IESC	A	0.12%	0.17%	0.12%
INSM	D	0.88%	0.22%	0.22%
INTA	C	0.13%	0.03%	0.03%
IOSP	F	0.18%	0.06%	0.06%
IPAR	D	0.17%	0.05%	0.05%
IRTC	F	0.16%	0.06%	0.06%
ITGR	B	0.23%	0.23%	0.23%
ITRI	C	0.32%	0.13%	0.13%
JAMF	F	0.1%	0.02%	0.02%
JBI	F	0.12%	0.06%	0.06%
JJSF	C	0.19%	0.07%	0.07%
JOE	D	0.16%	0.05%	0.05%
KAI	C	0.28%	0.14%	0.14%
KNF	B	0.33%	0.21%	0.21%
KNTK	A	0.01%	0.08%	0.01%
KRYS	D	0.36%	0.12%	0.12%
KTB	C	0.31%	0.2%	0.2%
KTOS	B	0.11%	0.11%	0.11%
KYMR	D	0.16%	0.11%	0.11%
LAUR	C	0.12%	0.1%	0.1%
LKFN	D	0.01%	0.07%	0.01%
LMAT	A	0.14%	0.11%	0.11%
LMND	F	0.06%	0.02%	0.02%
LNTH	C	0.54%	0.22%	0.22%
LPG	F	0.05%	0.08%	0.05%
LRN	D	0.26%	0.14%	0.14%
MARA	F	0.28%	0.07%	0.07%
MCW	F	0.04%	0.02%	0.02%
MGEE	C	0.1%	0.03%	0.03%
MGNI	D	0.11%	0.07%	0.07%
MIR	B	0.02%	0.07%	0.02%
MIRM	D	0.13%	0.13%	0.13%
MLNK	F	0.03%	0.05%	0.03%
MMSI	C	0.41%	0.14%	0.14%
MOD	B	0.47%	0.27%	0.27%
MOG.A	C	0.42%	0.25%	0.25%
MTRN	F	0.17%	0.02%	0.02%
MYRG	D	0.12%	0.04%	0.04%
NABL	F	0.07%	0.06%	0.06%
NARI	F	0.17%	0.02%	0.02%
NEO	F	0.01%	0.02%	0.01%
NSSC	F	0.12%	0.07%	0.07%
NTST	F	0.02%	0.02%	0.02%
OPCH	F	0.19%	0.05%	0.05%
OSCR	C	0.26%	0.16%	0.16%
OSIS	C	0.17%	0.08%	0.08%
OSW	B	0.12%	0.13%	0.12%
OTTR	F	0.12%	0.07%	0.07%
OUT	C	0.07%	0.06%	0.06%
PAR	D	0.13%	0.08%	0.08%
PAYO	A	0.12%	0.13%	0.12%
PD	F	0.13%	0.04%	0.04%
PDFS	F	0.07%	0.06%	0.06%
PGNY	F	0.15%	0.02%	0.02%
PHR	F	0.1%	0.02%	0.02%
PI	A	0.28%	0.16%	0.16%
PJT	A	0.22%	0.15%	0.15%
PLAB	D	0.04%	0.02%	0.02%
PLAY	D	0.08%	0.02%	0.02%
PLMR	A	0.18%	0.11%	0.11%
POWL	B	0.12%	0.18%	0.12%
PRCT	D	0.25%	0.15%	0.15%
PRGS	A	0.19%	0.09%	0.09%
PRVA	F	0.15%	0.05%	0.05%
PTCT	C	0.15%	0.11%	0.11%
PTGX	C	0.19%	0.15%	0.15%
QTWO	B	0.32%	0.16%	0.16%
RAMP	F	0.13%	0.04%	0.04%
RDNT	C	0.33%	0.14%	0.14%
RHP	B	0.45%	0.04%	0.04%
RKLB	B	0.16%	0.1%	0.1%
ROAD	C	0.21%	0.15%	0.15%
ROCK	D	0.08%	0.02%	0.02%
RRR	D	0.1%	0.05%	0.05%
RVMD	B	0.31%	0.14%	0.14%
RXST	F	0.14%	0.1%	0.1%
RYTM	C	0.19%	0.09%	0.09%
SABR	C	0.02%	0.06%	0.02%
SFBS	B	0.09%	0.21%	0.09%
SFM	A	0.78%	0.27%	0.27%
SGBX	F	0.23%	0.14%	0.14%
SHAK	A	0.28%	0.08%	0.08%
SITM	A	0.2%	0.06%	0.06%
SKT	A	0.09%	0.06%	0.06%
SKWD	A	0.03%	0.11%	0.03%
SMMT	D	0.08%	0.26%	0.08%
SMPL	D	0.21%	0.08%	0.08%
SMTC	C	0.21%	0.14%	0.14%
SPNT	D	0.01%	0.14%	0.01%
STRL	B	0.27%	0.14%	0.14%
SXI	B	0.12%	0.05%	0.05%
TBBK	A	0.18%	0.13%	0.13%
TDW	F	0.32%	0.12%	0.12%
TENB	D	0.36%	0.04%	0.04%
TGLS	B	0.1%	0.09%	0.09%
TGTX	D	0.24%	0.03%	0.03%
THR	F	0.01%	0.07%	0.01%
TMDX	D	0.4%	0.12%	0.12%
TNC	F	0.06%	0.07%	0.06%
TNDM	D	0.21%	0.1%	0.1%
TNET	D	0.25%	0.08%	0.08%
TRN	C	0.18%	0.14%	0.14%
TWST	D	0.18%	0.11%	0.11%
UEC	C	0.15%	0.02%	0.02%
UFPT	D	0.18%	0.11%	0.11%
UMH	D	0.01%	0.03%	0.01%
UPWK	D	0.09%	0.02%	0.02%
USLM	C	0.06%	0.16%	0.06%
VC	F	0.21%	0.02%	0.02%
VCEL	F	0.19%	0.04%	0.04%
VECO	F	0.12%	0.07%	0.07%
VERX	B	0.16%	0.1%	0.1%
VGR	B	0.02%	0.07%	0.02%
VRNS	B	0.46%	0.14%	0.14%
VRRM	D	0.34%	0.13%	0.13%
WDFC	B	0.27%	0.05%	0.05%
WHD	A	0.29%	0.13%	0.13%
WRBY	B	0.1%	0.1%	0.1%
WT	D	0.11%	0.12%	0.11%
WTS	C	0.4%	0.05%	0.05%
XMTR	F	0.06%	0.04%	0.04%
YELP	D	0.17%	0.04%	0.04%
YOU	C	0.2%	0.08%	0.08%
ZETA	B	0.32%	0.2%	0.2%
ZUO	F	0.08%	0.04%	0.04%
ZWS	A	0.33%	0.1%	0.1%

VTWG Overweight 731 Positions Relative to FAD

Symbol	Grade	Weight
FN	B	0.66%
PCVX	C	0.65%
FLR	B	0.58%
MLI	B	0.56%
SPSC	D	0.55%
NOVT	C	0.49%
NSIT	B	0.45%
CHX	C	0.44%
MMS	C	0.42%
BECN	D	0.4%
GTLS	D	0.38%
RMBS	F	0.36%
QLYS	F	0.35%
SIGI	D	0.35%
MC	B	0.35%
PIPR	A	0.35%
FFIN	D	0.35%
RNA	B	0.35%
MDGL	F	0.32%
UFPI	C	0.31%
MGY	B	0.3%
WK	D	0.29%
BOOT	B	0.29%
ENS	B	0.28%
DYN	D	0.28%
SLAB	D	0.28%
POWI	F	0.28%
CVCO	C	0.26%
AXNX	A	0.26%
RXO	D	0.25%
MWA	A	0.25%
LANC	F	0.25%
NSP	F	0.25%
FOLD	F	0.25%
ATKR	F	0.25%
IDYA	F	0.24%
SHOO	A	0.24%
UPST	C	0.24%
SXT	C	0.23%
GMS	B	0.23%
LCII	C	0.22%
STEP	A	0.22%
IOVA	D	0.22%
ACLX	C	0.22%
AEO	C	0.22%
DORM	C	0.22%
SQSP	A	0.21%
PRIM	A	0.21%
PATK	A	0.21%
EAT	A	0.21%
HGV	F	0.21%
ARWR	F	0.21%
BL	D	0.21%
SWTX	F	0.21%
SEM	D	0.2%
MGRC	D	0.2%
NUVL	B	0.2%
OII	D	0.2%
WD	C	0.19%
ARCB	F	0.19%
BCC	C	0.19%
PRFT	A	0.19%
APAM	B	0.19%
KWR	F	0.18%
SKY	C	0.18%
FRSH	F	0.18%
KLIC	D	0.18%
BBIO	F	0.18%
VAL	F	0.18%
HBI	B	0.17%
VCTR	A	0.17%
KOS	F	0.17%
BDC	A	0.17%
ENR	B	0.17%
AUR	C	0.17%
RPD	D	0.17%
BRZE	F	0.17%
MQ	F	0.16%
CSTM	F	0.16%
FLYW	F	0.16%
COOP	B	0.16%
STNE	F	0.15%
GSHD	B	0.15%
ACAD	F	0.15%
JOBY	C	0.15%
AMN	F	0.15%
ASTH	B	0.15%
NATL	D	0.15%
NVCR	F	0.15%
COMP	C	0.14%
AMPH	C	0.14%
CAKE	A	0.14%
SNDX	F	0.13%
TFIN	F	0.13%
PLUS	B	0.13%
VYX	C	0.13%
UPBD	F	0.13%
IMVT	D	0.13%
THRM	F	0.12%
PFSI	C	0.12%
HLIT	D	0.12%
CALX	C	0.12%
STAA	D	0.12%
BLBD	D	0.12%
UCTT	D	0.12%
ARVN	F	0.12%
PSMT	A	0.11%
CSGS	B	0.11%
NGVT	D	0.11%
PTON	C	0.11%
VERA	C	0.11%
CHEF	C	0.11%
RXRX	F	0.11%
TRUP	B	0.11%
KURA	F	0.11%
SPT	F	0.11%
USPH	F	0.1%
WOR	F	0.1%
BKE	B	0.1%
LOB	B	0.1%
APPN	C	0.1%
JANX	C	0.1%
FUL	F	0.1%
KROS	C	0.1%
NVAX	C	0.1%
SONO	F	0.1%
EWTX	B	0.1%
OCUL	B	0.1%
SOUN	F	0.1%
ARQT	D	0.09%
CTS	B	0.09%
SAVA	D	0.09%
LBPH	D	0.09%
SDGR	F	0.09%
DVAX	F	0.09%
VRTS	D	0.09%
AMBA	C	0.09%
PWSC	C	0.09%
HNI	B	0.09%
TPH	C	0.09%
KFRC	F	0.09%
HROW	B	0.09%
RCKT	F	0.09%
INFN	C	0.09%
MGPI	F	0.09%
MNKD	B	0.09%
REVG	D	0.09%
ARRY	F	0.08%
VITL	C	0.08%
PLXS	A	0.08%
ASO	D	0.08%
MEG	F	0.08%
NRIX	D	0.08%
SILK	A	0.08%
TRNS	D	0.08%
OEC	F	0.08%
WWW	B	0.08%
PAGS	F	0.08%
XPEL	D	0.08%
RDFN	C	0.08%
COUR	F	0.08%
ASAN	F	0.08%
ARLO	F	0.08%
KALU	D	0.08%
SPNS	B	0.08%
DFIN	B	0.08%
CRAI	B	0.08%
KLG	F	0.08%
MXL	D	0.08%
PZZA	D	0.08%
EOLS	C	0.07%
RVLV	C	0.07%
SM	D	0.07%
OXM	F	0.07%
IMAX	D	0.07%
WLY	A	0.07%
COGT	B	0.07%
CLB	D	0.07%
PRO	F	0.07%
ERII	C	0.07%
SHLS	F	0.07%
CWH	C	0.07%
RCUS	D	0.07%
WULF	C	0.07%
EXPI	C	0.07%
DNUT	F	0.07%
ASGN	D	0.07%
JACK	F	0.07%
ATEN	B	0.07%
AGX	A	0.07%
PNTG	C	0.07%
TARS	C	0.07%
MCRI	B	0.07%
VZIO	A	0.07%
MRVI	F	0.07%
HLIO	B	0.07%
QNST	C	0.07%
ANAB	D	0.06%
UTZ	D	0.06%
ACHR	F	0.06%
CENX	C	0.06%
GSAT	F	0.06%
CVI	D	0.06%
HI	F	0.06%
HCI	B	0.06%
KBH	D	0.06%
IMNM	F	0.06%
SANA	F	0.06%
ATRC	C	0.06%
UDMY	F	0.06%
GRC	B	0.06%
AORT	B	0.06%
BLFS	D	0.06%
ADUS	D	0.06%
CWT	D	0.06%
CECO	D	0.06%
BLND	C	0.06%
JBSS	F	0.06%
BBSI	B	0.06%
HCKT	D	0.05%
ACEL	C	0.05%
FSLY	D	0.05%
CDMO	D	0.05%
EVER	D	0.05%
ACMR	D	0.05%
PAX	F	0.05%
SMR	C	0.05%
SPRY	C	0.05%
DAWN	D	0.05%
PUBM	F	0.05%
URBN	F	0.05%
LMB	B	0.05%
IBUY	A	0.05%
PECO	C	0.05%
CGEM	F	0.05%
BSIG	D	0.05%
VRDN	B	0.05%
LNN	C	0.05%
RVNC	F	0.05%
ZIP	D	0.05%
TTGT	F	0.05%
UTI	F	0.05%
AMSC	C	0.05%
VVI	B	0.05%
SSTK	F	0.05%
ATEC	F	0.05%
RSI	B	0.05%
AUPH	C	0.05%
AIN	F	0.05%
ELVN	A	0.05%
BLMN	F	0.05%
CEVA	B	0.04%
EU	C	0.04%
VICR	C	0.04%
XNCR	D	0.04%
UHT	D	0.04%
FDMT	F	0.04%
FLNG	B	0.04%
AHCO	D	0.04%
SEMR	C	0.04%
CASH	C	0.04%
DJCO	C	0.04%
NRDS	D	0.04%
CASS	F	0.04%
ABUS	D	0.04%
KALV	F	0.04%
SGHC	A	0.04%
STOK	D	0.04%
CGON	C	0.04%
PLOW	D	0.04%
YMAB	C	0.04%
PTLO	C	0.04%
HUMA	F	0.04%
YEXT	B	0.04%
TREE	C	0.04%
NEXT	F	0.04%
ARHS	F	0.04%
HLF	F	0.04%
LQDA	F	0.04%
SIBN	F	0.04%
PRTA	F	0.04%
OSPN	D	0.04%
AXGN	C	0.04%
EVRI	A	0.04%
MYE	F	0.04%
CCB	B	0.04%
SRRK	F	0.04%
NNBR	C	0.04%
IMXI	F	0.04%
SLP	F	0.04%
THRY	F	0.04%
TPB	C	0.04%
LPRO	D	0.04%
IE	D	0.04%
REAX	D	0.04%
CYTK	D	0.04%
GDYN	B	0.04%
SLVM	C	0.04%
PBI	C	0.03%
DIOD	F	0.03%
CDNA	B	0.03%
METC	D	0.03%
IGT	F	0.03%
PLSE	D	0.03%
CSV	D	0.03%
PPTA	C	0.03%
LFST	C	0.03%
NRC	F	0.03%
CELC	F	0.03%
GTHX	B	0.03%
SRDX	D	0.03%
CCS	C	0.03%
LWLG	F	0.03%
DK	F	0.03%
TSHA	F	0.03%
NPO	C	0.03%
PX	A	0.03%
BYND	D	0.03%
DHIL	C	0.03%
ASPN	C	0.03%
APLT	C	0.03%
URGN	F	0.03%
CYH	C	0.03%
ESQ	C	0.03%
IRMD	B	0.03%
BAND	C	0.03%
WVE	C	0.03%
CTLP	B	0.03%
MDXG	F	0.03%
BFS	C	0.03%
WRLD	F	0.03%
FNA	F	0.03%
KRUS	D	0.03%
GCMG	A	0.03%
XERS	B	0.03%
ATEX	D	0.03%
LEU	A	0.03%
TTI	D	0.03%
ENFN	C	0.03%
NVEC	D	0.03%
CHPT	F	0.03%
AX	D	0.03%
CIFR	C	0.03%
CERS	F	0.03%
AMSF	B	0.03%
DMRC	D	0.03%
CBL	D	0.03%
BIGC	F	0.03%
IDT	C	0.03%
AEHR	F	0.03%
JELD	D	0.03%
CRGY	B	0.03%
PRMW	B	0.03%
ALEC	F	0.03%
VSCO	C	0.03%
ARCT	D	0.03%
BBW	A	0.03%
MITK	F	0.03%
AMK	B	0.03%
IBTA	C	0.03%
MNMD	F	0.03%
HY	D	0.03%
MAX	C	0.03%
WEAV	B	0.03%
AGS	A	0.03%
AIR	C	0.03%
FC	C	0.03%
TYRA	C	0.03%
APOG	B	0.03%
LQDT	C	0.03%
INOD	D	0.03%
BMEA	D	0.02%
SERA	F	0.02%
VSEC	D	0.02%
EYPT	F	0.02%
SNCY	F	0.02%
AVAH	D	0.02%
RICK	F	0.02%
BRCC	F	0.02%
INDI	F	0.02%
MRTN	F	0.02%
NBR	D	0.02%
EWCZ	F	0.02%
CRCT	C	0.02%
PBPB	D	0.02%
GOGO	F	0.02%
EGHT	D	0.02%
MCY	B	0.02%
SNEX	B	0.02%
FULC	F	0.02%
WTI	C	0.02%
TRAK	D	0.02%
MLAB	B	0.02%
EB	F	0.02%
SYNA	F	0.02%
HTLD	F	0.02%
NOG	D	0.02%
SGHT	D	0.02%
GCBC	F	0.02%
RCEL	D	0.02%
DENN	D	0.02%
NMIH	B	0.02%
HSTM	B	0.02%
IRWD	F	0.02%
PRME	F	0.02%
BLZE	D	0.02%
SKYT	D	0.02%
CSTL	B	0.02%
LIND	C	0.02%
APLD	C	0.02%
NVEE	F	0.02%
DOMO	F	0.02%
ABSI	F	0.02%
ALT	F	0.02%
SAH	D	0.02%
OLO	F	0.02%
RIOT	F	0.02%
LUNG	D	0.02%
FBP	B	0.02%
SFL	D	0.02%
ITI	A	0.02%
INST	C	0.02%
IIIN	F	0.02%
GRND	D	0.02%
LAZR	F	0.02%
WERN	D	0.02%
NIC	D	0.02%
TMCI	F	0.02%
SIGA	F	0.02%
XPOF	F	0.02%
MNTK	D	0.02%
AKRO	D	0.02%
LYTS	B	0.02%
CRMD	A	0.02%
BJRI	B	0.02%
ICHR	D	0.02%
RDVT	D	0.02%
TH	F	0.02%
BWMN	F	0.02%
SRCL	B	0.02%
PRG	C	0.02%
GHM	D	0.02%
AMRC	C	0.02%
NNOX	F	0.02%
LESL	F	0.02%
SVRA	F	0.02%
CENTA	F	0.02%
PDCO	F	0.02%
OCGN	F	0.02%
LRMR	F	0.02%
CYRX	F	0.02%
EVI	D	0.01%
HOV	D	0.01%
CTGO	F	0.01%
CCO	C	0.01%
DCGO	F	0.01%
AKYA	D	0.01%
VTSI	F	0.01%
ANIK	F	0.01%
YORW	F	0.01%
ODC	D	0.01%
NRDY	F	0.01%
SCWO	C	0.01%
DAKT	D	0.01%
ALXO	F	0.01%
MLYS	C	0.01%
EP	F	0.01%
REKR	F	0.01%
VERU	F	0.01%
CURV	F	0.01%
BLNK	F	0.01%
STKS	F	0.01%
OMER	F	0.01%
INMB	F	0.01%
MAPS	F	0.01%
ZURA	C	0.01%
GLSI	F	0.01%
RCKY	C	0.01%
LWAY	B	0.01%
QUAD	D	0.01%
GCO	D	0.01%
MRAM	D	0.01%
DC	D	0.01%
EMBC	F	0.01%
AQST	C	0.01%
ACHV	C	0.01%
IRON	C	0.01%
GOOD	A	0.01%
INVA	B	0.01%
MRSN	D	0.01%
ESPR	D	0.01%
STTK	F	0.01%
UVE	C	0.01%
PLUG	D	0.01%
GNE	F	0.01%
CAPR	A	0.01%
RILY	F	0.01%
CWCO	F	0.01%
ULH	B	0.01%
LAW	D	0.01%
PAHC	C	0.01%
NTIC	F	0.01%
PFIS	D	0.01%
KFS	D	0.01%
ALIM	C	0.01%
FFWM	D	0.01%
MVIS	D	0.01%
DESP	C	0.01%
TILE	C	0.01%
ACCD	F	0.01%
MGTX	F	0.01%
PRTH	C	0.01%
NPCE	F	0.01%
PKE	D	0.01%
PRCH	D	0.01%
LFMD	F	0.01%
TRVI	D	0.01%
STGW	B	0.01%
AVXL	D	0.01%
QUIK	F	0.01%
TIPT	B	0.01%
STXS	F	0.01%
INBK	D	0.01%
XFOR	F	0.01%
PSTL	D	0.01%
ACIC	D	0.01%
ZYXI	F	0.01%
BBAI	D	0.01%
PHAT	C	0.01%
OLMA	F	0.01%
PETQ	A	0.01%
ADCT	D	0.01%
JYNT	F	0.01%
SSTI	F	0.01%
SMLR	F	0.01%
FHTX	C	0.01%
SUPN	D	0.01%
INFU	D	0.01%
CVRX	D	0.01%
PEPG	F	0.01%
LCTX	D	0.01%
KLTR	D	0.01%
SKIN	F	0.01%
CADL	D	0.01%
TAYD	D	0.01%
BVS	B	0.01%
JILL	F	0.01%
CTOS	F	0.01%
PESI	B	0.01%
TSQ	F	0.01%
SKYH	C	0.01%
MSEX	C	0.01%
PCT	C	0.01%
IGMS	C	0.01%
OPRX	F	0.01%
BRY	F	0.01%
CDZI	D	0.01%
SCPH	F	0.01%
EGAN	F	0.01%
ORIC	F	0.01%
SMTI	F	0.01%
XOMA	D	0.01%
GWRS	D	0.01%
MDWD	D	0.01%
REX	D	0.01%
QRHC	F	0.01%
ULCC	C	0.01%
HNST	D	0.01%
BDTX	F	0.01%
SMID	D	0.01%
PAYS	F	0.01%
CDLX	F	0.01%
GRPN	F	0.01%
HEAR	C	0.01%
LGIH	C	0.01%
MODV	F	0.01%
BTMD	F	0.01%
EAF	C	0.01%
LIVN	C	0.01%
LNZA	D	0.01%
EVCM	D	0.01%
OFLX	D	0.01%
INMD	F	0.01%
CDXC	C	0.01%
AEYE	C	0.01%
DSP	B	0.01%
TCX	F	0.01%
PFMT	D	0.01%
SCL	D	0.01%
KRT	F	0.01%
CALM	A	0.01%
GAMB	C	0.01%
LOVE	C	0.01%
WKC	A	0.01%
CMPO	B	0.01%
ALTG	F	0.01%
OMI	F	0.01%
REAL	C	0.01%
MGNX	F	0.01%
MLP	D	0.01%
KREF	C	0.01%
LBRT	D	0.01%
TDOC	D	0.01%
NATH	B	0.01%
CBRL	D	0.01%
ARAY	F	0.01%
INSE	C	0.01%
RGR	F	0.01%
JBT	B	0.01%
BYRN	A	0.01%
ANDE	D	0.01%
LLAP	F	0.0%
QRTEB	D	0.0%
GRWG	D	0.0%
MASS	F	0.0%
RSVR	D	0.0%
BSVN	D	0.0%
LYRA	F	0.0%
ATLC	B	0.0%
LUNR	D	0.0%
PTSI	F	0.0%
QIPT	F	0.0%
TDUP	F	0.0%
PGEN	F	0.0%
HLVX	F	0.0%
AMPX	D	0.0%
ULBI	D	0.0%
RMNI	F	0.0%
VGAS	D	0.0%
VIRC	D	0.0%
SES	F	0.0%
MEC	C	0.0%
HOWL	F	0.0%
CZFS	C	0.0%
PLPC	D	0.0%
BOC	D	0.0%
FBIZ	D	0.0%
RENB	F	0.0%
EVC	D	0.0%
ORGO	C	0.0%
HRTX	D	0.0%
CTV	F	0.0%
APEI	F	0.0%
TERN	C	0.0%
CDXS	C	0.0%
AVTE	D	0.0%
ELEV	F	0.0%
LSEA	D	0.0%
CIX	C	0.0%
RGLS	F	0.0%
DIBS	F	0.0%
CLBK	F	0.0%
FENC	F	0.0%
SGC	D	0.0%
SST	F	0.0%
SHYF	D	0.0%
ALDX	C	0.0%
ATOS	C	0.0%
AKBA	F	0.0%
HBIO	F	0.0%
IIIV	D	0.0%
LASR	F	0.0%
VALU	C	0.0%
RM	D	0.0%
DLHC	F	0.0%
GALT	C	0.0%
METCB	F	0.0%
CRDF	D	0.0%
MITT	C	0.0%
ORN	F	0.0%
OOMA	C	0.0%
PBYI	F	0.0%
NATR	F	0.0%
HCAT	C	0.0%
MPX	D	0.0%
INNV	D	0.0%
CHCT	F	0.0%
FUBO	F	0.0%
CHRS	F	0.0%
MLR	B	0.0%
TNYA	F	0.0%
RDW	B	0.0%
CMRE	C	0.0%
PLL	D	0.0%
USCB	D	0.0%
MYFW	B	0.0%
CENT	F	0.0%
ITIC	C	0.0%
FIGS	C	0.0%
EPM	B	0.0%
VRCA	F	0.0%
MCBS	D	0.0%
OABI	F	0.0%
AOMR	F	0.0%
FG	B	0.0%
QBTS	D	0.0%
REPX	C	0.0%
CLPR	B	0.0%
EVEX	D	0.0%
NGS	D	0.0%
FLWS	F	0.0%
ARKO	C	0.0%
HDSN	F	0.0%
GMGI	F	0.0%
PCRX	D	0.0%
AIRS	D	0.0%
EYE	F	0.0%
CABA	F	0.0%
SWBI	F	0.0%
PTVE	D	0.0%
PSTX	F	0.0%
SHBI	D	0.0%
OPEN	F	0.0%
AVO	C	0.0%
AHH	F	0.0%
DXPE	C	0.0%
ATNM	F	0.0%
BMBL	F	0.0%
DIN	D	0.0%
CVGW	B	0.0%
TTSH	D	0.0%
BOOM	D	0.0%
NGVC	D	0.0%
HQI	D	0.0%
QTRX	F	0.0%
CRSR	D	0.0%
EGY	D	0.0%
OVID	D	0.0%
OBIO	F	0.0%
NWPX	B	0.0%
LXRX	F	0.0%

VTWG Underweight 404 Positions Relative to FAD

Symbol	Grade	Weight
VST	A	-0.57%
IRM	B	-0.55%
CEG	A	-0.54%
HWM	A	-0.53%
KKR	A	-0.51%
BK	A	-0.5%
PWR	A	-0.49%
TT	A	-0.49%
GE	B	-0.49%
ERIE	A	-0.49%
VRT	B	-0.48%
WAB	A	-0.48%
HEI	C	-0.48%
LII	C	-0.47%
META	A	-0.47%
RCL	B	-0.46%
GDDY	B	-0.46%
GRMN	D	-0.45%
FCNCA	D	-0.45%
GEN	A	-0.45%
HLT	A	-0.44%
BAH	C	-0.44%
APO	A	-0.44%
STX	C	-0.44%
BKNG	B	-0.44%
TJX	D	-0.44%
MMM	C	-0.44%
JPM	C	-0.43%
COST	C	-0.43%
FICO	C	-0.43%
NVDA	B	-0.41%
DECK	B	-0.41%
URI	C	-0.41%
NTAP	D	-0.4%
ORCL	A	-0.4%
LLY	D	-0.4%
MSI	A	-0.39%
CAT	A	-0.39%
GOOGL	B	-0.38%
CMG	C	-0.38%
BRO	A	-0.38%
ISRG	C	-0.37%
CSL	A	-0.37%
TDG	A	-0.37%
ECL	C	-0.36%
AVGO	B	-0.36%
IR	A	-0.36%
AJG	C	-0.36%
BSX	A	-0.36%
NFLX	A	-0.35%
ETN	B	-0.35%
CL	D	-0.35%
DAL	C	-0.35%
NTRS	B	-0.35%
PLTR	A	-0.35%
MAR	A	-0.34%
AMGN	D	-0.34%
RSG	D	-0.34%
UBER	C	-0.34%
ROST	D	-0.34%
LPLA	D	-0.34%
NTNX	C	-0.34%
CCL	C	-0.33%
VRTX	D	-0.33%
PANW	B	-0.33%
PHM	C	-0.32%
AMZN	C	-0.32%
APH	D	-0.32%
APP	A	-0.32%
PSTG	F	-0.32%
KLAC	B	-0.31%
PH	A	-0.3%
CRWD	D	-0.3%
PM	D	-0.29%
MANH	A	-0.28%
DPZ	D	-0.28%
CVNA	A	-0.28%
TYL	D	-0.28%
LYV	A	-0.28%
ARES	A	-0.28%
TMUS	A	-0.28%
AMAT	C	-0.28%
EXPE	B	-0.28%
CTAS	C	-0.28%
FSLR	C	-0.27%
MPWR	B	-0.27%
MCO	D	-0.27%
NOW	B	-0.27%
MMC	D	-0.26%
WSO	C	-0.26%
AZO	D	-0.26%
DLR	C	-0.26%
ALSN	A	-0.26%
PSN	A	-0.26%
WMB	A	-0.26%
OTIS	A	-0.26%
FIX	A	-0.26%
ORLY	A	-0.26%
BR	B	-0.26%
ATI	C	-0.25%
CW	A	-0.25%
COKE	C	-0.25%
ROL	C	-0.25%
LRCX	D	-0.25%
WM	B	-0.24%
TTEK	A	-0.24%
HRB	C	-0.24%
NTRA	A	-0.24%
XYL	C	-0.24%
EME	B	-0.24%
DVA	C	-0.24%
PINS	D	-0.24%
POST	C	-0.23%
INTU	F	-0.23%
PCAR	D	-0.23%
IBKR	A	-0.23%
MSFT	D	-0.23%
NXPI	F	-0.22%
FRPT	A	-0.22%
GWRE	A	-0.22%
CLH	B	-0.22%
TOL	C	-0.22%
TOST	B	-0.22%
AXON	A	-0.22%
SNPS	F	-0.21%
BFAM	C	-0.21%
TXRH	A	-0.21%
HOOD	B	-0.21%
NVR	C	-0.21%
IBM	A	-0.21%
MGM	D	-0.21%
CDNS	D	-0.21%
MUSA	D	-0.21%
DDOG	B	-0.21%
TPL	A	-0.2%
PEGA	B	-0.2%
PPL	C	-0.2%
FI	A	-0.2%
WWD	C	-0.2%
WING	C	-0.2%
CASY	D	-0.2%
AAON	A	-0.2%
RIVN	F	-0.2%
OLLI	C	-0.2%
WELL	C	-0.2%
H	B	-0.2%
MO	D	-0.19%
ATR	A	-0.19%
TTD	A	-0.19%
ARMK	C	-0.19%
IT	A	-0.19%
KO	C	-0.19%
BWXT	A	-0.19%
TKO	A	-0.19%
RYAN	A	-0.19%
ALNY	C	-0.19%
ITT	C	-0.19%
AWI	A	-0.19%
TW	A	-0.19%
GWW	B	-0.19%
PODD	C	-0.19%
ADP	A	-0.19%
SO	A	-0.19%
HUBB	A	-0.19%
SYK	C	-0.18%
CRM	B	-0.18%
LNW	F	-0.18%
NYT	C	-0.18%
MTD	C	-0.18%
KD	D	-0.18%
WSM	C	-0.18%
ESS	D	-0.18%
AVB	C	-0.18%
RL	B	-0.18%
STE	D	-0.18%
PRI	A	-0.18%
AAPL	C	-0.18%
XPO	F	-0.17%
MEDP	F	-0.17%
DUOL	B	-0.17%
LOPE	D	-0.17%
HCC	C	-0.17%
AM	A	-0.17%
ADI	B	-0.17%
CHD	D	-0.17%
AMD	C	-0.17%
DKNG	C	-0.17%
EA	D	-0.17%
FCN	C	-0.17%
PG	D	-0.17%
SNAP	D	-0.16%
APPF	C	-0.16%
CHDN	C	-0.16%
HON	C	-0.16%
SRPT	F	-0.16%
INVH	D	-0.16%
MTSI	B	-0.16%
ROP	D	-0.16%
SATS	C	-0.16%
MLM	F	-0.16%
VRSK	D	-0.16%
OHI	C	-0.15%
INGR	B	-0.15%
ZS	F	-0.15%
FOUR	A	-0.15%
EPRT	C	-0.15%
HAS	A	-0.15%
SMAR	A	-0.15%
ADBE	F	-0.15%
ONTO	B	-0.15%
PLNT	B	-0.14%
MKSI	F	-0.14%
LAMR	C	-0.14%
ESAB	C	-0.14%
ACA	C	-0.14%
EXEL	B	-0.14%
WFRD	F	-0.14%
APG	F	-0.14%
DCI	B	-0.13%
AXTA	C	-0.13%
BRBR	A	-0.13%
WYNN	B	-0.13%
OKTA	F	-0.13%
STWD	C	-0.13%
TDS	C	-0.13%
MORN	B	-0.13%
OWL	A	-0.13%
NCLH	C	-0.13%
IRT	D	-0.13%
CFR	B	-0.13%
RLI	A	-0.13%
MSA	F	-0.12%
SLG	C	-0.12%
IOT	C	-0.12%
NHI	C	-0.12%
EEFT	F	-0.12%
CEIX	B	-0.12%
AGIO	D	-0.12%
SKYW	B	-0.12%
OLED	B	-0.12%
GATX	F	-0.12%
SMCI	F	-0.12%
MYGN	D	-0.11%
ELF	F	-0.11%
DASH	A	-0.11%
GNTX	D	-0.11%
EXP	C	-0.11%
BRC	C	-0.11%
ESTC	F	-0.11%
AFRM	C	-0.11%
CNM	F	-0.11%
TRU	C	-0.11%
BOWL	D	-0.1%
TPG	A	-0.1%
MAC	B	-0.1%
TNL	B	-0.1%
GBX	C	-0.1%
PFGC	A	-0.1%
SOFI	C	-0.1%
PMT	B	-0.1%
SCS	D	-0.1%
KNSL	B	-0.1%
ADC	C	-0.1%
JWN	D	-0.1%
MSTR	B	-0.1%
MAS	C	-0.1%
RMD	C	-0.1%
IONS	F	-0.1%
SHW	C	-0.1%
PR	D	-0.1%
FFIV	B	-0.1%
MBIN	C	-0.1%
IIPR	C	-0.09%
TXN	C	-0.09%
BLD	D	-0.09%
SYBT	C	-0.09%
ITCI	D	-0.09%
DRI	C	-0.09%
LIN	C	-0.09%
ORA	C	-0.09%
ROIV	D	-0.09%
CHH	A	-0.09%
AOS	C	-0.09%
ADSK	B	-0.09%
SPG	A	-0.09%
UDR	C	-0.09%
MA	A	-0.09%
MSGS	A	-0.09%
RPM	A	-0.09%
AZEK	D	-0.09%
AKR	B	-0.09%
PAYX	B	-0.09%
LVS	B	-0.09%
GPK	D	-0.09%
CPT	C	-0.09%
S	C	-0.09%
SPR	D	-0.09%
SPGI	C	-0.09%
CPAY	A	-0.09%
HD	A	-0.09%
AON	A	-0.09%
SWI	B	-0.08%
SAM	D	-0.08%
CPRT	B	-0.08%
GIII	C	-0.08%
ROK	D	-0.08%
NET	D	-0.08%
HST	D	-0.08%
MRUS	D	-0.08%
TTWO	D	-0.08%
WMS	D	-0.08%
PTC	B	-0.08%
CARS	F	-0.08%
UE	C	-0.08%
STZ	D	-0.08%
HASI	B	-0.08%
NSA	D	-0.08%
VMC	D	-0.08%
ESRT	C	-0.08%
INSW	B	-0.08%
AME	C	-0.08%
PEP	F	-0.08%
MRVL	C	-0.08%
AMH	D	-0.08%
WMG	D	-0.08%
SBRA	C	-0.08%
V	B	-0.08%
PK	D	-0.07%
INFA	D	-0.07%
GBDC	B	-0.07%
ENTG	D	-0.07%
BA	F	-0.07%
NBIX	F	-0.07%
WABC	F	-0.07%
SLB	D	-0.07%
FBRT	C	-0.07%
VNT	F	-0.07%
HUBS	D	-0.07%
BROS	F	-0.07%
DOCS	A	-0.07%
LYFT	D	-0.07%
CFLT	F	-0.06%
SHC	C	-0.06%
EW	F	-0.06%
TGI	F	-0.06%
LW	D	-0.06%
SMG	C	-0.06%
RBC	C	-0.05%
CHE	D	-0.05%
PEB	D	-0.05%
TECH	D	-0.05%
RGLD	C	-0.05%
ETWO	F	-0.05%
SSD	B	-0.05%
NNN	C	-0.05%
SHO	B	-0.05%
AES	C	-0.05%
TPX	C	-0.05%
DOCU	A	-0.05%
REG	C	-0.05%
DOC	C	-0.05%
EPR	C	-0.05%
TR	D	-0.05%
WEX	C	-0.05%
LADR	D	-0.05%
KRG	C	-0.05%
CUBE	C	-0.05%
DRH	B	-0.05%
BRX	C	-0.05%
LTC	D	-0.05%
ALLE	A	-0.05%
IVT	B	-0.05%
RUN	D	-0.04%
VCYT	C	-0.04%
SAIA	D	-0.04%
PCOR	D	-0.04%
TRIP	D	-0.04%
NOVA	F	-0.04%
HXL	F	-0.04%
WSC	D	-0.04%
NCNO	F	-0.04%
WEN	B	-0.04%
AMC	F	-0.04%
JKHY	A	-0.04%
NEU	F	-0.04%
YETI	C	-0.04%
EGP	D	-0.04%
CELH	F	-0.04%
WINA	C	-0.03%
RNG	F	-0.03%
KW	C	-0.03%
BANC	D	-0.03%
FCPT	C	-0.03%
VRE	C	-0.03%
CDP	A	-0.03%
CIVI	F	-0.03%
RKT	D	-0.03%
ALGM	F	-0.03%
WNC	F	-0.02%
GTX	F	-0.02%
CTKB	F	-0.02%
RES	C	-0.02%
BEAM	F	-0.02%
PLYM	D	-0.02%