VTWG vs. FLQS ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS)

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 2000® 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

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$41.86

Average Daily Volume

3,976

Number of Holdings ^*

466

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	FLQS
30 Days	4.54%	3.34%
60 Days	10.48%	7.38%
90 Days	8.59%	9.54%
12 Months	30.95%	26.32%

277 Overlapping Holdings

	Symbol	Grade	Weight in VTWG	Weight in FLQS	Overlap
	ACAD	F	0.15%	0.25%	0.15%
	ACIW	A	0.39%	0.36%	0.36%
	ACLS	F	0.26%	0.42%	0.26%
	AEO	C	0.22%	0.51%	0.22%
	AESI	B	0.11%	0.1%	0.1%
	AGYS	D	0.19%	0.16%	0.16%
	AIT	B	0.59%	1.1%	0.59%
	ALG	F	0.14%	0.24%	0.14%
	ALKS	B	0.36%	0.68%	0.36%
	ALX	D	0.04%	0.03%	0.03%
	AMN	F	0.15%	0.24%	0.15%
	AMR	F	0.2%	0.33%	0.2%
	ANF	D	0.55%	0.76%	0.55%
	APAM	B	0.19%	0.19%	0.19%
	APEI	F	0.0%	0.02%	0.0%
	APOG	B	0.03%	0.16%	0.03%
	AROC	B	0.23%	0.31%	0.23%
	ASO	D	0.08%	0.6%	0.08%
	ATEN	B	0.07%	0.17%	0.07%
	ATGE	D	0.04%	0.36%	0.04%
	ATKR	F	0.25%	0.41%	0.25%
	ATRC	C	0.06%	0.18%	0.06%
	AWR	B	0.13%	0.43%	0.13%
	AXGN	C	0.04%	0.07%	0.04%
	BASE	F	0.06%	0.04%	0.04%
	BBSI	B	0.06%	0.13%	0.06%
	BBW	A	0.03%	0.06%	0.03%
	BCC	C	0.19%	0.74%	0.19%
	BCO	C	0.37%	0.74%	0.37%
	BDC	A	0.17%	0.57%	0.17%
	BKE	B	0.1%	0.22%	0.1%
	BLKB	C	0.26%	0.49%	0.26%
	BLMN	F	0.05%	0.26%	0.05%
	BMI	A	0.45%	0.93%	0.45%
	BOX	C	0.34%	0.61%	0.34%
	BSVN	D	0.0%	0.01%	0.0%
	BTMD	F	0.01%	0.01%	0.01%
	BWMN	F	0.02%	0.03%	0.02%
	CAKE	A	0.14%	0.36%	0.14%
	CAL	F	0.03%	0.18%	0.03%
	CALM	A	0.01%	0.43%	0.01%
	CALX	C	0.12%	0.27%	0.12%
	CARG	C	0.19%	0.3%	0.19%
	CASS	F	0.04%	0.07%	0.04%
	CBRL	D	0.01%	0.19%	0.01%
	CDXC	C	0.01%	0.01%	0.01%
	CENT	F	0.0%	0.05%	0.0%
	CENTA	F	0.02%	0.24%	0.02%
	CHCO	D	0.01%	0.21%	0.01%
	CHCT	F	0.0%	0.06%	0.0%
	CIX	C	0.0%	0.01%	0.0%
	CMPO	B	0.01%	0.03%	0.01%
	CMPR	F	0.09%	0.23%	0.09%
	CMRE	C	0.0%	0.1%	0.0%
	CNMD	F	0.17%	0.31%	0.17%
	COLL	A	0.09%	0.09%	0.09%
	CORT	B	0.21%	0.52%	0.21%
	CPRX	C	0.18%	0.31%	0.18%
	CRAI	B	0.08%	0.15%	0.08%
	CRGY	B	0.03%	0.1%	0.03%
	CRVL	C	0.21%	0.38%	0.21%
	CSGS	B	0.11%	0.23%	0.11%
	CSWI	A	0.39%	0.78%	0.39%
	CTRE	C	0.02%	0.56%	0.02%
	CURV	F	0.01%	0.01%	0.01%
	CVI	D	0.06%	0.09%	0.06%
	CVLT	B	0.47%	1.13%	0.47%
	CWH	C	0.07%	0.14%	0.07%
	CWT	D	0.06%	0.42%	0.06%
	CYH	C	0.03%	0.1%	0.03%
	DFIN	B	0.08%	0.22%	0.08%
	DJCO	C	0.04%	0.05%	0.04%
	DORM	C	0.22%	0.2%	0.2%
	DXPE	C	0.0%	0.1%	0.0%
	EGAN	F	0.01%	0.01%	0.01%
	EGY	D	0.0%	0.08%	0.0%
	EMBC	F	0.01%	0.14%	0.01%
	ENFN	C	0.03%	0.05%	0.03%
	ENR	B	0.17%	0.24%	0.17%
	EPAC	A	0.17%	0.15%	0.15%
	EPM	B	0.0%	0.02%	0.0%
	ESE	C	0.11%	0.43%	0.11%
	EVER	D	0.05%	0.04%	0.04%
	EXPO	A	0.41%	0.85%	0.41%
	EXTR	D	0.08%	0.26%	0.08%
	FBIZ	D	0.0%	0.05%	0.0%
	FC	C	0.03%	0.07%	0.03%
	FELE	C	0.35%	0.7%	0.35%
	FENC	F	0.0%	0.01%	0.0%
	FIGS	C	0.0%	0.13%	0.0%
	FIZZ	F	0.08%	0.17%	0.08%
	FLWS	F	0.0%	0.03%	0.0%
	FOR	D	0.01%	0.07%	0.01%
	FSS	D	0.42%	0.37%	0.37%
	FTDR	B	0.28%	0.52%	0.28%
	GAMB	C	0.01%	0.01%	0.01%
	GCMG	A	0.03%	0.03%	0.03%
	GCO	D	0.01%	0.04%	0.01%
	GFF	C	0.19%	0.18%	0.18%
	GIC	D	0.03%	0.08%	0.03%
	GMS	B	0.23%	0.56%	0.23%
	GOLF	F	0.14%	0.33%	0.14%
	GPOR	B	0.07%	0.2%	0.07%
	GRC	B	0.06%	0.1%	0.06%
	GWRS	D	0.01%	0.02%	0.01%
	HBIO	F	0.0%	0.01%	0.0%
	HCKT	D	0.05%	0.1%	0.05%
	HEES	D	0.11%	0.19%	0.11%
	HI	F	0.06%	0.23%	0.06%
	HIMS	C	0.21%	0.32%	0.21%
	HLIT	D	0.12%	0.19%	0.12%
	HNI	B	0.09%	0.38%	0.09%
	HRMY	D	0.08%	0.14%	0.08%
	HTLD	F	0.02%	0.09%	0.02%
	HURN	D	0.15%	0.18%	0.15%
	HWKN	B	0.18%	0.24%	0.18%
	HY	D	0.03%	0.07%	0.03%
	IBP	C	0.4%	0.85%	0.4%
	IBTA	C	0.03%	0.03%	0.03%
	ICFI	C	0.23%	0.45%	0.23%
	IDCC	A	0.26%	0.43%	0.26%
	IDT	C	0.03%	0.08%	0.03%
	IESC	A	0.12%	0.19%	0.12%
	IMXI	F	0.04%	0.11%	0.04%
	INFU	D	0.01%	0.02%	0.01%
	INMD	F	0.01%	0.18%	0.01%
	INVA	B	0.01%	0.16%	0.01%
	IOSP	F	0.18%	0.38%	0.18%
	IPAR	D	0.17%	0.39%	0.17%
	IRMD	B	0.03%	0.06%	0.03%
	IRWD	F	0.02%	0.08%	0.02%
	JACK	F	0.07%	0.1%	0.07%
	JBSS	F	0.06%	0.12%	0.06%
	JILL	F	0.01%	0.02%	0.01%
	JJSF	C	0.19%	0.31%	0.19%
	JYNT	F	0.01%	0.02%	0.01%
	KAI	C	0.28%	0.54%	0.28%
	KFRC	F	0.09%	0.2%	0.09%
	KREF	C	0.01%	0.09%	0.01%
	KRT	F	0.01%	0.02%	0.01%
	KTB	C	0.31%	0.77%	0.31%
	LANC	F	0.25%	0.45%	0.25%
	LCII	C	0.22%	0.37%	0.22%
	LMAT	A	0.14%	0.24%	0.14%
	LOVE	C	0.01%	0.05%	0.01%
	LPG	F	0.05%	0.08%	0.05%
	LQDT	C	0.03%	0.07%	0.03%
	LRN	D	0.26%	0.54%	0.26%
	LWAY	B	0.01%	0.01%	0.01%
	LYTS	B	0.02%	0.05%	0.02%
	MAPS	F	0.01%	0.01%	0.01%
	MCRI	B	0.07%	0.16%	0.07%
	MCW	F	0.04%	0.04%	0.04%
	MCY	B	0.02%	0.22%	0.02%
	MDXG	F	0.03%	0.09%	0.03%
	METC	D	0.03%	0.04%	0.03%
	METCB	F	0.0%	0.01%	0.0%
	MGEE	C	0.1%	0.42%	0.1%
	MGRC	D	0.2%	0.35%	0.2%
	MGY	B	0.3%	0.53%	0.3%
	MITK	F	0.03%	0.04%	0.03%
	MLI	B	0.56%	1.07%	0.56%
	MLR	B	0.0%	0.09%	0.0%
	MMSI	C	0.41%	0.68%	0.41%
	MOG.A	C	0.42%	0.69%	0.42%
	MPX	D	0.0%	0.01%	0.0%
	MRTN	F	0.02%	0.13%	0.02%
	MWA	A	0.25%	0.42%	0.25%
	MYE	F	0.04%	0.07%	0.04%
	NARI	F	0.17%	0.3%	0.17%
	NATH	B	0.01%	0.03%	0.01%
	NATR	F	0.0%	0.02%	0.0%
	NGVC	D	0.0%	0.04%	0.0%
	NMIH	B	0.02%	0.44%	0.02%
	NOG	D	0.02%	0.39%	0.02%
	NRC	F	0.03%	0.06%	0.03%
	NRDS	D	0.04%	0.06%	0.04%
	NSIT	B	0.45%	0.81%	0.45%
	NSP	F	0.25%	0.42%	0.25%
	NSSC	F	0.12%	0.21%	0.12%
	NTIC	F	0.01%	0.01%	0.01%
	NVEC	D	0.03%	0.05%	0.03%
	NVEE	F	0.02%	0.18%	0.02%
	ODC	D	0.01%	0.04%	0.01%
	OFLX	D	0.01%	0.03%	0.01%
	OOMA	C	0.0%	0.04%	0.0%
	OPCH	F	0.19%	0.36%	0.19%
	ORGO	C	0.0%	0.03%	0.0%
	OSIS	C	0.17%	0.32%	0.17%
	OSPN	D	0.04%	0.09%	0.04%
	OTTR	F	0.12%	0.39%	0.12%
	OXM	F	0.07%	0.21%	0.07%
	PAHC	C	0.01%	0.07%	0.01%
	PATK	A	0.21%	0.39%	0.21%
	PBPB	D	0.02%	0.03%	0.02%
	PBYI	F	0.0%	0.01%	0.0%
	PDCO	F	0.02%	0.29%	0.02%
	PFIS	D	0.01%	0.04%	0.01%
	PFMT	D	0.01%	0.04%	0.01%
	PJT	A	0.22%	0.21%	0.21%
	PLPC	D	0.0%	0.04%	0.0%
	PLUS	B	0.13%	0.38%	0.13%
	PLXS	A	0.08%	0.37%	0.08%
	PRGS	A	0.19%	0.39%	0.19%
	PRIM	A	0.21%	0.21%	0.21%
	PRMW	B	0.03%	0.27%	0.03%
	PRO	F	0.07%	0.09%	0.07%
	PSMT	A	0.11%	0.32%	0.11%
	PTLO	C	0.04%	0.09%	0.04%
	PTSI	F	0.0%	0.02%	0.0%
	PZZA	D	0.08%	0.23%	0.08%
	QIPT	F	0.0%	0.01%	0.0%
	QLYS	F	0.35%	0.72%	0.35%
	RCKY	C	0.01%	0.03%	0.01%
	REAL	C	0.01%	0.02%	0.01%
	REPX	C	0.0%	0.03%	0.0%
	REVG	D	0.09%	0.1%	0.09%
	RGR	F	0.01%	0.1%	0.01%
	RM	D	0.0%	0.04%	0.0%
	RMBS	F	0.36%	0.63%	0.36%
	RMNI	F	0.0%	0.02%	0.0%
	RVLV	C	0.07%	0.15%	0.07%
	SAH	D	0.02%	0.12%	0.02%
	SEMR	C	0.04%	0.04%	0.04%
	SFL	D	0.02%	0.19%	0.02%
	SFM	A	0.78%	1.32%	0.78%
	SGC	D	0.0%	0.02%	0.0%
	SHOO	A	0.24%	0.55%	0.24%
	SIGA	F	0.02%	0.05%	0.02%
	SIGI	D	0.35%	0.62%	0.35%
	SKT	A	0.09%	0.51%	0.09%
	SLVM	C	0.04%	0.35%	0.04%
	SMLR	F	0.01%	0.02%	0.01%
	SONO	F	0.1%	0.19%	0.1%
	SPNS	B	0.08%	0.14%	0.08%
	SPSC	D	0.55%	0.98%	0.55%
	SQSP	A	0.21%	0.38%	0.21%
	SRDX	D	0.03%	0.05%	0.03%
	SSTK	F	0.05%	0.12%	0.05%
	STKS	F	0.01%	0.01%	0.01%
	SWBI	F	0.0%	0.08%	0.0%
	SXI	B	0.12%	0.29%	0.12%
	SXT	C	0.23%	0.45%	0.23%
	TH	F	0.02%	0.03%	0.02%
	THR	F	0.01%	0.09%	0.01%
	TILE	C	0.01%	0.07%	0.01%
	TMCI	F	0.02%	0.03%	0.02%
	TNC	F	0.06%	0.28%	0.06%
	TNET	D	0.25%	0.37%	0.25%
	TPB	C	0.04%	0.05%	0.04%
	TTSH	D	0.0%	0.03%	0.0%
	UFPI	C	0.31%	1.02%	0.31%
	UFPT	D	0.18%	0.28%	0.18%
	UHT	D	0.04%	0.08%	0.04%
	ULH	B	0.01%	0.04%	0.01%
	UPWK	D	0.09%	0.08%	0.08%
	UTI	F	0.05%	0.09%	0.05%
	VCEL	F	0.19%	0.16%	0.16%
	VCTR	A	0.17%	0.23%	0.17%
	VGR	B	0.02%	0.31%	0.02%
	VIRC	D	0.0%	0.01%	0.0%
	VITL	C	0.08%	0.08%	0.08%
	VRNS	B	0.46%	0.43%	0.43%
	WDFC	B	0.27%	0.55%	0.27%
	WERN	D	0.02%	0.39%	0.02%
	WK	D	0.29%	0.41%	0.29%
	WRLD	F	0.03%	0.06%	0.03%
	WTS	C	0.4%	0.81%	0.4%
	WWW	B	0.08%	0.18%	0.08%
	XPEL	D	0.08%	0.13%	0.08%
	YELP	D	0.17%	0.35%	0.17%
	YEXT	B	0.04%	0.08%	0.04%
	YMAB	C	0.04%	0.03%	0.03%
	YORW	F	0.01%	0.08%	0.01%
	YOU	C	0.2%	0.22%	0.2%
	ZIP	D	0.05%	0.1%	0.05%
	ZYXI	F	0.01%	0.02%	0.01%

VTWG Overweight 699 Positions Relative to FLQS

	Symbol	Grade	Weight
	INSM	D	0.88%
	FN	B	0.66%
	PCVX	C	0.65%
	ENSG	D	0.62%
	HALO	D	0.59%
	FLR	B	0.58%
	LNTH	C	0.54%
	CRS	B	0.51%
	HQY	B	0.5%
	GKOS	B	0.49%
	NOVT	C	0.49%
	MOD	B	0.47%
	CWST	D	0.46%
	BPMC	F	0.45%
	RHP	B	0.45%
	HLNE	A	0.44%
	CHX	C	0.44%
	BCPC	C	0.43%
	EXLS	B	0.43%
	MMS	C	0.42%
	CBT	B	0.42%
	AVAV	B	0.4%
	BECN	D	0.4%
	TMDX	D	0.4%
	GTLS	D	0.38%
	ALTR	B	0.38%
	DY	C	0.37%
	KRYS	D	0.36%
	TENB	D	0.36%
	MC	B	0.35%
	PIPR	A	0.35%
	FFIN	D	0.35%
	RNA	B	0.35%
	VRRM	D	0.34%
	RDNT	C	0.33%
	CRDO	B	0.33%
	ZWS	A	0.33%
	KNF	B	0.33%
	ITRI	C	0.32%
	TDW	F	0.32%
	MDGL	F	0.32%
	ZETA	B	0.32%
	QTWO	B	0.32%
	HRI	B	0.31%
	CRNX	C	0.31%
	RVMD	B	0.31%
	WHD	A	0.29%
	ADMA	A	0.29%
	AEIS	B	0.29%
	BOOT	B	0.29%
	ENS	B	0.28%
	DYN	D	0.28%
	MARA	F	0.28%
	SLAB	D	0.28%
	SHAK	A	0.28%
	FORM	D	0.28%
	HAE	F	0.28%
	POWI	F	0.28%
	PI	A	0.28%
	STRL	B	0.27%
	EVH	D	0.27%
	CVCO	C	0.26%
	CWAN	B	0.26%
	AXNX	A	0.26%
	CBZ	F	0.26%
	OSCR	C	0.26%
	RXO	D	0.25%
	PRCT	D	0.25%
	FOLD	F	0.25%
	ENV	C	0.24%
	IDYA	F	0.24%
	AXSM	D	0.24%
	UPST	C	0.24%
	TGTX	D	0.24%
	ITGR	B	0.23%
	CCOI	B	0.23%
	SGBX	F	0.23%
	STEP	A	0.22%
	IOVA	D	0.22%
	ACLX	C	0.22%
	GH	F	0.22%
	VC	F	0.21%
	ACVA	C	0.21%
	TNDM	D	0.21%
	ROAD	C	0.21%
	EAT	A	0.21%
	SMTC	C	0.21%
	HGV	F	0.21%
	ARWR	F	0.21%
	BL	D	0.21%
	SWTX	F	0.21%
	ALRM	F	0.21%
	SMPL	D	0.21%
	SEM	D	0.2%
	SITM	A	0.2%
	NUVL	B	0.2%
	GVA	A	0.2%
	OII	D	0.2%
	WD	C	0.19%
	ARCB	F	0.19%
	PTGX	C	0.19%
	RYTM	C	0.19%
	PRFT	A	0.19%
	KWR	F	0.18%
	CLSK	F	0.18%
	SKY	C	0.18%
	FRSH	F	0.18%
	CNK	D	0.18%
	KLIC	D	0.18%
	PLMR	A	0.18%
	BBIO	F	0.18%
	VAL	F	0.18%
	DOCN	B	0.18%
	CNS	C	0.18%
	TRN	C	0.18%
	TBBK	A	0.18%
	TWST	D	0.18%
	HBI	B	0.17%
	MTRN	F	0.17%
	KOS	F	0.17%
	AUR	C	0.17%
	RPD	D	0.17%
	BRZE	F	0.17%
	VERX	B	0.16%
	JOE	D	0.16%
	MQ	F	0.16%
	KYMR	D	0.16%
	BE	F	0.16%
	CSTM	F	0.16%
	CLDX	F	0.16%
	RKLB	B	0.16%
	FLYW	F	0.16%
	COOP	B	0.16%
	EVTC	D	0.16%
	IRTC	F	0.16%
	STNE	F	0.15%
	GSHD	B	0.15%
	PGNY	F	0.15%
	JOBY	C	0.15%
	AZZ	B	0.15%
	PTCT	C	0.15%
	PRVA	F	0.15%
	UEC	C	0.15%
	ASTH	B	0.15%
	NATL	D	0.15%
	NVCR	F	0.15%
	COMP	C	0.14%
	AMPH	C	0.14%
	GERN	D	0.14%
	RXST	F	0.14%
	AI	D	0.14%
	SNDX	F	0.13%
	RAMP	F	0.13%
	MIRM	D	0.13%
	TFIN	F	0.13%
	PAR	D	0.13%
	DNLI	C	0.13%
	PD	F	0.13%
	VYX	C	0.13%
	UPBD	F	0.13%
	IMVT	D	0.13%
	BCRX	D	0.13%
	INTA	C	0.13%
	JBI	F	0.12%
	POWL	B	0.12%
	THRM	F	0.12%
	PFSI	C	0.12%
	OSW	B	0.12%
	AGM	D	0.12%
	PAYO	A	0.12%
	STAA	D	0.12%
	BLBD	D	0.12%
	VECO	F	0.12%
	UCTT	D	0.12%
	LAUR	C	0.12%
	MYRG	D	0.12%
	ARVN	F	0.12%
	WT	D	0.11%
	ENVX	D	0.11%
	ARDX	D	0.11%
	NGVT	D	0.11%
	PTON	C	0.11%
	ALKT	D	0.11%
	VERA	C	0.11%
	CHEF	C	0.11%
	RXRX	F	0.11%
	TRUP	B	0.11%
	KTOS	B	0.11%
	KURA	F	0.11%
	SPT	F	0.11%
	MGNI	D	0.11%
	USPH	F	0.1%
	WOR	F	0.1%
	LOB	B	0.1%
	WRBY	B	0.1%
	RRR	D	0.1%
	APPN	C	0.1%
	PHR	F	0.1%
	JANX	C	0.1%
	FUL	F	0.1%
	KROS	C	0.1%
	NVAX	C	0.1%
	EWTX	B	0.1%
	JAMF	F	0.1%
	OCUL	B	0.1%
	SOUN	F	0.1%
	TGLS	B	0.1%
	ARQT	D	0.09%
	AMRX	B	0.09%
	SFBS	B	0.09%
	CTS	B	0.09%
	BKD	F	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%
	TPH	C	0.09%
	HROW	B	0.09%
	RCKT	F	0.09%
	INFN	C	0.09%
	AGL	F	0.09%
	MGPI	F	0.09%
	MNKD	B	0.09%
	ROCK	D	0.08%
	ARRY	F	0.08%
	PLAY	D	0.08%
	MEG	F	0.08%
	NRIX	D	0.08%
	SILK	A	0.08%
	TRNS	D	0.08%
	OEC	F	0.08%
	SMMT	D	0.08%
	PAGS	F	0.08%
	RDFN	C	0.08%
	COUR	F	0.08%
	ASAN	F	0.08%
	ARLO	F	0.08%
	FLNC	C	0.08%
	KALU	D	0.08%
	KLG	F	0.08%
	MXL	D	0.08%
	ZUO	F	0.08%
	EOLS	C	0.07%
	SM	D	0.07%
	ALHC	C	0.07%
	IMAX	D	0.07%
	WLY	A	0.07%
	COGT	B	0.07%
	CLB	D	0.07%
	NABL	F	0.07%
	ERII	C	0.07%
	CXM	F	0.07%
	SHLS	F	0.07%
	RCUS	D	0.07%
	DFH	C	0.07%
	WULF	C	0.07%
	CDRE	A	0.07%
	EXPI	C	0.07%
	DNUT	F	0.07%
	ASGN	D	0.07%
	PDFS	F	0.07%
	AGX	A	0.07%
	OUT	C	0.07%
	PNTG	C	0.07%
	TARS	C	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%
	HCI	B	0.06%
	KBH	D	0.06%
	IMNM	F	0.06%
	LMND	F	0.06%
	SANA	F	0.06%
	UDMY	F	0.06%
	AORT	B	0.06%
	BLFS	D	0.06%
	XMTR	F	0.06%
	ADUS	D	0.06%
	ANIP	F	0.06%
	CECO	D	0.06%
	BLND	C	0.06%
	DRVN	C	0.06%
	USLM	C	0.06%
	ACEL	C	0.05%
	FSLY	D	0.05%
	CDMO	D	0.05%
	ACMR	D	0.05%
	PAX	F	0.05%
	AIV	D	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%
	GRBK	C	0.05%
	RVNC	F	0.05%
	TTGT	F	0.05%
	AMSC	C	0.05%
	VVI	B	0.05%
	ATEC	F	0.05%
	RSI	B	0.05%
	AUPH	C	0.05%
	AIN	F	0.05%
	ELVN	A	0.05%
	CEVA	B	0.04%
	EU	C	0.04%
	VICR	C	0.04%
	XNCR	D	0.04%
	FDMT	F	0.04%
	FLNG	B	0.04%
	AHCO	D	0.04%
	CASH	C	0.04%
	FWRG	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%
	DBRG	D	0.04%
	HUMA	F	0.04%
	TREE	C	0.04%
	NEXT	F	0.04%
	ARHS	F	0.04%
	PLAB	D	0.04%
	HLF	F	0.04%
	LQDA	F	0.04%
	SIBN	F	0.04%
	PRTA	F	0.04%
	EVRI	A	0.04%
	CCB	B	0.04%
	SRRK	F	0.04%
	NNBR	C	0.04%
	SLP	F	0.04%
	THRY	F	0.04%
	FA	A	0.04%
	LPRO	D	0.04%
	IE	D	0.04%
	REAX	D	0.04%
	CYTK	D	0.04%
	GDYN	B	0.04%
	PBI	C	0.03%
	DIOD	F	0.03%
	CDNA	B	0.03%
	IGT	F	0.03%
	PLSE	D	0.03%
	CSV	D	0.03%
	PPTA	C	0.03%
	LFST	C	0.03%
	CELC	F	0.03%
	DSGR	A	0.03%
	GTHX	B	0.03%
	CCS	C	0.03%
	LWLG	F	0.03%
	DK	F	0.03%
	TSHA	F	0.03%
	NPO	C	0.03%
	SKWD	A	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%
	MLNK	F	0.03%
	ESQ	C	0.03%
	BAND	C	0.03%
	WVE	C	0.03%
	CTLP	B	0.03%
	BFS	C	0.03%
	FNA	F	0.03%
	KRUS	D	0.03%
	XERS	B	0.03%
	ATEX	D	0.03%
	LEU	A	0.03%
	TTI	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%
	AEHR	F	0.03%
	JELD	D	0.03%
	ALEC	F	0.03%
	VSCO	C	0.03%
	ARCT	D	0.03%
	AMK	B	0.03%
	MNMD	F	0.03%
	MAX	C	0.03%
	WEAV	B	0.03%
	AGS	A	0.03%
	AIR	C	0.03%
	TYRA	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%
	NBR	D	0.02%
	EWCZ	F	0.02%
	CRCT	C	0.02%
	GOGO	F	0.02%
	EGHT	D	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%
	SGHT	D	0.02%
	GCBC	F	0.02%
	RCEL	D	0.02%
	DENN	D	0.02%
	HSTM	B	0.02%
	SABR	C	0.02%
	PRME	F	0.02%
	NTST	F	0.02%
	BLZE	D	0.02%
	SKYT	D	0.02%
	CSTL	B	0.02%
	LIND	C	0.02%
	APLD	C	0.02%
	DOMO	F	0.02%
	BANF	D	0.02%
	ABSI	F	0.02%
	ALT	F	0.02%
	OLO	F	0.02%
	RIOT	F	0.02%
	LUNG	D	0.02%
	FBP	B	0.02%
	MIR	B	0.02%
	ITI	A	0.02%
	INST	C	0.02%
	IIIN	F	0.02%
	GRND	D	0.02%
	LAZR	F	0.02%
	NIC	D	0.02%
	HLX	C	0.02%
	XPOF	F	0.02%
	MNTK	D	0.02%
	AKRO	D	0.02%
	CRMD	A	0.02%
	BJRI	B	0.02%
	ICHR	D	0.02%
	RDVT	D	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%
	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%
	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%
	BLNK	F	0.01%
	OMER	F	0.01%
	INMB	F	0.01%
	ZURA	C	0.01%
	GLSI	F	0.01%
	AMWD	C	0.01%
	QUAD	D	0.01%
	MRAM	D	0.01%
	DC	D	0.01%
	AQST	C	0.01%
	ACHV	C	0.01%
	IRON	C	0.01%
	GOOD	A	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%
	IAS	F	0.01%
	CAPR	A	0.01%
	RILY	F	0.01%
	CWCO	F	0.01%
	LAW	D	0.01%
	LKFN	D	0.01%
	KFS	D	0.01%
	ALIM	C	0.01%
	FFWM	D	0.01%
	MVIS	D	0.01%
	DESP	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%
	BBAI	D	0.01%
	PHAT	C	0.01%
	OLMA	F	0.01%
	PETQ	A	0.01%
	ADCT	D	0.01%
	SSTI	F	0.01%
	FHTX	C	0.01%
	SUPN	D	0.01%
	SPNT	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%
	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%
	ORIC	F	0.01%
	SMTI	F	0.01%
	XOMA	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%
	KNTK	A	0.01%
	EAF	C	0.01%
	LIVN	C	0.01%
	LNZA	D	0.01%
	EVCM	D	0.01%
	NEO	F	0.01%
	AEYE	C	0.01%
	DSP	B	0.01%
	TCX	F	0.01%
	SCL	D	0.01%
	WKC	A	0.01%
	ALTG	F	0.01%
	OMI	F	0.01%
	MGNX	F	0.01%
	UMH	D	0.01%
	MLP	D	0.01%
	LBRT	D	0.01%
	TDOC	D	0.01%
	ARAY	F	0.01%
	INSE	C	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%
	LYRA	F	0.0%
	ATLC	B	0.0%
	LUNR	D	0.0%
	TDUP	F	0.0%
	PGEN	F	0.0%
	HLVX	F	0.0%
	AMPX	D	0.0%
	ULBI	D	0.0%
	VGAS	D	0.0%
	SES	F	0.0%
	MEC	C	0.0%
	HOWL	F	0.0%
	CZFS	C	0.0%
	BOC	D	0.0%
	RENB	F	0.0%
	EVC	D	0.0%
	HRTX	D	0.0%
	CTV	F	0.0%
	TERN	C	0.0%
	CDXS	C	0.0%
	AVTE	D	0.0%
	ELEV	F	0.0%
	ANET	A	0.0%
	LSEA	D	0.0%
	RGLS	F	0.0%
	DIBS	F	0.0%
	CLBK	F	0.0%
	SST	F	0.0%
	SHYF	D	0.0%
	ALDX	C	0.0%
	ATOS	C	0.0%
	AKBA	F	0.0%
	IIIV	D	0.0%
	LASR	F	0.0%
	VALU	C	0.0%
	DLHC	F	0.0%
	GALT	C	0.0%
	CRDF	D	0.0%
	MITT	C	0.0%
	ORN	F	0.0%
	HCAT	C	0.0%
	INNV	D	0.0%
	FUBO	F	0.0%
	CHRS	F	0.0%
	TNYA	F	0.0%
	RDW	B	0.0%
	PLL	D	0.0%
	USCB	D	0.0%
	MYFW	B	0.0%
	ITIC	C	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%
	CLPR	B	0.0%
	EVEX	D	0.0%
	NGS	D	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%
	PTVE	D	0.0%
	PSTX	F	0.0%
	SHBI	D	0.0%
	OPEN	F	0.0%
	AVO	C	0.0%
	AHH	F	0.0%
	ATNM	F	0.0%
	BMBL	F	0.0%
	DIN	D	0.0%
	CVGW	B	0.0%
	BOOM	D	0.0%
	HQI	D	0.0%
	QTRX	F	0.0%
	CRSR	D	0.0%
	OVID	D	0.0%
	OBIO	F	0.0%
	NWPX	B	0.0%
	LXRX	F	0.0%

VTWG Underweight 189 Positions Relative to FLQS

	Symbol	Grade	Weight
	ESNT	A	-0.93%
	JXN	A	-0.92%
	CMC	D	-0.78%
	GPI	C	-0.71%
	SWX	C	-0.67%
	KFY	C	-0.63%
	MATX	C	-0.62%
	SIG	C	-0.61%
	HOMB	D	-0.58%
	PNM	B	-0.53%
	CEIX	B	-0.51%
	PBH	D	-0.51%
	CRC	B	-0.49%
	MHO	C	-0.49%
	BXMT	C	-0.49%
	IIPR	C	-0.48%
	BNL	C	-0.46%
	NWE	C	-0.46%
	RUSHA	D	-0.43%
	SR	D	-0.43%
	HCC	C	-0.42%
	ASB	D	-0.41%
	TGNA	B	-0.4%
	AVA	D	-0.39%
	GNW	A	-0.39%
	EPRT	C	-0.39%
	STNG	B	-0.39%
	FCPT	C	-0.37%
	BTU	B	-0.37%
	UNF	A	-0.35%
	PBF	F	-0.35%
	TDS	C	-0.35%
	ARCH	D	-0.32%
	STRA	F	-0.3%
	VSH	F	-0.29%
	CVBF	B	-0.28%
	LZB	D	-0.28%
	FL	F	-0.28%
	NBTB	D	-0.27%
	PRDO	D	-0.26%
	CNO	B	-0.26%
	INSW	B	-0.25%
	SBH	B	-0.25%
	MLKN	F	-0.25%
	ENVA	B	-0.25%
	NHC	D	-0.23%
	SJW	D	-0.23%
	ROIC	C	-0.22%
	GEF	B	-0.22%
	EPC	F	-0.22%
	REZI	D	-0.21%
	NWBI	D	-0.21%
	LTC	D	-0.2%
	GEO	D	-0.2%
	NWN	D	-0.19%
	HELE	D	-0.18%
	HOPE	B	-0.18%
	WMK	D	-0.18%
	UVV	D	-0.18%
	PDM	C	-0.17%
	GIII	C	-0.17%
	NTCT	C	-0.17%
	AAT	C	-0.17%
	SCS	D	-0.17%
	IMKTA	F	-0.16%
	PRK	D	-0.16%
	ACT	B	-0.16%
	MD	B	-0.15%
	TNK	C	-0.15%
	GABC	D	-0.15%
	ODP	F	-0.15%
	SRCE	D	-0.14%
	FWRD	D	-0.13%
	SPTN	C	-0.13%
	DLX	F	-0.13%
	HSII	D	-0.13%
	OCFC	C	-0.13%
	PEBO	F	-0.13%
	UNFI	C	-0.12%
	UTL	D	-0.12%
	MNRO	B	-0.12%
	ETH	F	-0.12%
	BLX	B	-0.12%
	CNXN	C	-0.12%
	PFBC	D	-0.12%
	BRKL	D	-0.12%
	SCVL	D	-0.11%
	DHT	B	-0.11%
	GOGL	C	-0.11%
	BHE	C	-0.11%
	SYBT	C	-0.11%
	SMP	D	-0.11%
	EBF	B	-0.1%
	WNC	F	-0.1%
	CHUY	B	-0.1%
	TMP	C	-0.1%
	SCHL	F	-0.1%
	KELYA	D	-0.09%
	LILAK	D	-0.09%
	SXC	F	-0.09%
	ASC	D	-0.09%
	TRTX	D	-0.08%
	TRST	D	-0.08%
	EGBN	C	-0.08%
	MATW	F	-0.08%
	BDN	B	-0.07%
	RYI	D	-0.07%
	HVT	F	-0.07%
	CCRN	F	-0.07%
	ACCO	C	-0.07%
	RMR	B	-0.06%
	NUS	F	-0.06%
	RUSHB	D	-0.06%
	CCSI	C	-0.06%
	FMNB	D	-0.06%
	SMBC	B	-0.06%
	NFBK	D	-0.06%
	PGRE	D	-0.06%
	USNA	F	-0.06%
	AMSWA	C	-0.05%
	BV	A	-0.05%
	MOV	F	-0.05%
	LILA	B	-0.05%
	FFIC	C	-0.05%
	TCMD	C	-0.05%
	FCBC	D	-0.05%
	NAT	B	-0.05%
	NPK	F	-0.05%
	VLGEA	D	-0.05%
	RGP	F	-0.05%
	CPF	C	-0.05%
	CFB	D	-0.05%
	GEF	B	-0.05%
	SPOK	D	-0.04%
	VPG	F	-0.04%
	VNDA	F	-0.04%
	RMAX	C	-0.04%
	PKST	D	-0.04%
	GNTY	C	-0.04%
	FLIC	B	-0.04%
	NECB	C	-0.04%
	LINC	D	-0.04%
	TITN	F	-0.04%
	MCFT	F	-0.04%
	LXFR	C	-0.04%
	CMTG	F	-0.04%
	SB	C	-0.04%
	HTBK	D	-0.04%
	OLP	C	-0.03%
	CIO	D	-0.03%
	AVNW	F	-0.03%
	RLGT	D	-0.03%
	PKBK	C	-0.03%
	MG	B	-0.03%
	WEYS	C	-0.03%
	MED	F	-0.03%
	GRNT	D	-0.03%
	IMMR	D	-0.03%
	AMCX	F	-0.03%
	BMRC	D	-0.03%
	DBI	F	-0.03%
	HBCP	D	-0.03%
	VRA	F	-0.02%
	III	F	-0.02%
	MYPS	F	-0.02%
	ESCA	D	-0.02%
	REFI	B	-0.02%
	RELL	B	-0.02%
	HBB	B	-0.02%
	CHMG	C	-0.02%
	CZNC	D	-0.02%
	ESSA	C	-0.02%
	HOFT	D	-0.02%
	DXLG	F	-0.02%
	IBEX	C	-0.02%
	JAKK	C	-0.02%
	SNBR	C	-0.02%
	KRNY	C	-0.02%
	JOUT	F	-0.02%
	LCUT	F	-0.01%
	NL	B	-0.01%
	CPSS	C	-0.01%
	FSTR	D	-0.01%
	SEVN	B	-0.01%
	CMT	F	-0.01%
	FORR	F	-0.01%
	GPMT	D	-0.01%
	FLXS	B	-0.01%
	NREF	B	-0.01%

VTWG: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Medical Devices Software - Infrastructure Diversified Industrials Banks - Regional - US Business Services Restaurants Drug Manufacturers - Specialty & Generic Medical Instruments & Supplies Aerospace & Defense Asset Management Specialty Chemicals Diagnostics & Research Engineering & Construction Oil & Gas E&P Packaged Foods Electronic Components Information Technology Services Building Materials

Keywords: Medicine Biopharmaceutical Biotechnology Cancer Clinical Medicine Computing Life Sciences Bank Banking Construction Disease Pharmaceutical Telecommunications Biology Chemical Insurance Semiconductor Aerospace Electronics Organ Systems

FLQS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Diversified Industrials Business Services Biotechnology Shipping & Ports Medical Devices Restaurants Specialty Retail Oil & Gas E&P Software - Infrastructure Apparel Stores Education & Training Services Coal Footwear & Accessories Home Furnishings & Fixtures Packaged Foods REIT - Diversified Savings & Cooperative Banks Specialty Chemicals

Keywords: Bank Banking Real Estate Investment Trust Clothing Deposit Products Chemical Real Estate Loans Medicine Retail Store Fashion Construction Computing Grocery Store Loan Natural Gas Transport Electronics Mortgage Loan Telecommunications Mining