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 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

$226.16

Average Daily Volume

33,378

Number of Holdings ^*

967

* 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

$45.16

Average Daily Volume

3,213

Number of Holdings ^*

463

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	FLQS
30 Days	9.79%	8.75%
60 Days	9.95%	7.73%
90 Days	10.52%	8.58%
12 Months	39.57%	29.71%

275 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in FLQS	Overlap
ACAD	D	0.13%	0.27%	0.13%
ACIW	B	0.38%	0.39%	0.38%
ACLS	F	0.21%	0.27%	0.21%
AEO	F	0.21%	0.42%	0.21%
AESI	B	0.1%	0.1%	0.1%
AGYS	A	0.17%	0.17%	0.17%
AIT	A	0.66%	1.3%	0.66%
ALG	B	0.13%	0.26%	0.13%
ALKS	B	0.31%	0.67%	0.31%
ALX	D	0.04%	0.03%	0.03%
AMN	F	0.11%	0.15%	0.11%
AMR	C	0.17%	0.33%	0.17%
ANF	C	0.49%	0.78%	0.49%
AORT	B	0.06%	0.07%	0.06%
APAM	B	0.21%	0.2%	0.2%
APEI	B	0.0%	0.02%	0.0%
APOG	B	0.04%	0.18%	0.04%
AROC	B	0.25%	0.35%	0.25%
ASO	F	0.07%	0.45%	0.07%
ATEN	B	0.08%	0.19%	0.08%
ATGE	B	0.04%	0.42%	0.04%
ATKR	C	0.23%	0.42%	0.23%
ATRC	C	0.08%	0.21%	0.08%
AWR	B	0.13%	0.44%	0.13%
AXGN	D	0.04%	0.06%	0.04%
BASE	C	0.05%	0.05%	0.05%
BBSI	B	0.06%	0.15%	0.06%
BBW	B	0.04%	0.07%	0.04%
BCC	B	0.19%	0.73%	0.19%
BCO	D	0.34%	0.58%	0.34%
BDC	B	0.18%	0.56%	0.18%
BKE	B	0.1%	0.24%	0.1%
BLKB	B	0.23%	0.46%	0.23%
BLMN	F	0.05%	0.19%	0.05%
BMI	B	0.44%	0.9%	0.44%
BOX	B	0.33%	0.62%	0.33%
BSVN	B	0.0%	0.01%	0.0%
BTMD	C	0.01%	0.02%	0.01%
BWMN	C	0.02%	0.03%	0.02%
CAKE	C	0.17%	0.4%	0.17%
CAL	D	0.02%	0.15%	0.02%
CALM	A	0.02%	0.54%	0.02%
CALX	D	0.11%	0.2%	0.11%
CARG	C	0.2%	0.35%	0.2%
CASS	B	0.04%	0.07%	0.04%
CBRL	C	0.02%	0.19%	0.02%
CDXC	B	0.01%	0.03%	0.01%
CENT	C	0.0%	0.05%	0.0%
CENTA	C	0.02%	0.23%	0.02%
CHCO	B	0.01%	0.22%	0.01%
CHCT	C	0.0%	0.06%	0.0%
CIX	D	0.0%	0.01%	0.0%
CMPO	A	0.02%	0.03%	0.02%
CMPR	D	0.06%	0.21%	0.06%
CMRE	C	0.0%	0.09%	0.0%
CNMD	C	0.16%	0.29%	0.16%
COLL	F	0.08%	0.06%	0.06%
CORT	B	0.29%	0.62%	0.29%
CPRX	C	0.18%	0.32%	0.18%
CRAI	B	0.09%	0.16%	0.09%
CRGY	B	0.03%	0.12%	0.03%
CRVL	A	0.2%	0.42%	0.2%
CSGS	B	0.1%	0.25%	0.1%
CSWI	A	0.43%	0.83%	0.43%
CTRE	D	0.03%	0.54%	0.03%
CURV	D	0.0%	0.01%	0.0%
CVI	F	0.04%	0.07%	0.04%
CVLT	B	0.47%	1.2%	0.47%
CWH	B	0.08%	0.12%	0.08%
CWT	D	0.06%	0.39%	0.06%
CYH	F	0.02%	0.06%	0.02%
DFIN	D	0.07%	0.19%	0.07%
DJCO	B	0.04%	0.05%	0.04%
DORM	B	0.22%	0.23%	0.22%
DXPE	B	0.0%	0.13%	0.0%
EGAN	C	0.01%	0.01%	0.01%
EGY	D	0.0%	0.07%	0.0%
EMBC	C	0.01%	0.13%	0.01%
ENFN	A	0.03%	0.05%	0.03%
ENR	B	0.17%	0.26%	0.17%
EPAC	B	0.18%	0.17%	0.17%
EPM	A	0.0%	0.02%	0.0%
ESE	B	0.12%	0.48%	0.12%
EVER	F	0.03%	0.03%	0.03%
EXPO	D	0.35%	0.71%	0.35%
EXTR	B	0.07%	0.26%	0.07%
FBIZ	B	0.0%	0.05%	0.0%
FC	F	0.03%	0.06%	0.03%
FELE	B	0.32%	0.69%	0.32%
FENC	D	0.0%	0.01%	0.0%
FIGS	F	0.0%	0.1%	0.0%
FIZZ	C	0.08%	0.17%	0.08%
FLWS	F	0.0%	0.03%	0.0%
FOR	F	0.01%	0.06%	0.01%
FSS	B	0.36%	0.35%	0.35%
FTDR	A	0.29%	0.57%	0.29%
GAMB	A	0.01%	0.01%	0.01%
GCMG	B	0.03%	0.03%	0.03%
GCO	B	0.01%	0.05%	0.01%
GFF	A	0.18%	0.19%	0.18%
GIC	D	0.03%	0.06%	0.03%
GMS	B	0.24%	0.61%	0.24%
GOLF	B	0.13%	0.35%	0.13%
GPOR	B	0.07%	0.23%	0.07%
GRC	A	0.06%	0.11%	0.06%
GWRS	B	0.01%	0.02%	0.01%
HBIO	F	0.0%	0.01%	0.0%
HCKT	B	0.04%	0.11%	0.04%
HEES	B	0.12%	0.23%	0.12%
HI	C	0.05%	0.27%	0.05%
HIMS	B	0.26%	0.37%	0.26%
HLIT	D	0.09%	0.16%	0.09%
HNI	B	0.08%	0.39%	0.08%
HRMY	D	0.07%	0.11%	0.07%
HTLD	B	0.02%	0.09%	0.02%
HURN	B	0.15%	0.2%	0.15%
HWKN	B	0.15%	0.23%	0.15%
HY	D	0.03%	0.06%	0.03%
IBP	D	0.38%	0.69%	0.38%
IBTA	C	0.04%	0.03%	0.03%
ICFI	F	0.23%	0.36%	0.23%
IDCC	A	0.28%	0.55%	0.28%
IDT	B	0.04%	0.11%	0.04%
IESC	B	0.13%	0.24%	0.13%
IMXI	B	0.04%	0.11%	0.04%
INFU	B	0.01%	0.02%	0.01%
INMD	C	0.01%	0.18%	0.01%
INVA	D	0.01%	0.15%	0.01%
IOSP	B	0.17%	0.39%	0.17%
IPAR	B	0.16%	0.37%	0.16%
IRMD	C	0.03%	0.06%	0.03%
IRWD	F	0.01%	0.07%	0.01%
JACK	D	0.07%	0.1%	0.07%
JBSS	D	0.05%	0.1%	0.05%
JILL	C	0.01%	0.01%	0.01%
JJSF	B	0.19%	0.3%	0.19%
JYNT	C	0.01%	0.02%	0.01%
KAI	A	0.29%	0.63%	0.29%
KFRC	D	0.08%	0.19%	0.08%
KREF	D	0.01%	0.08%	0.01%
KRT	A	0.01%	0.03%	0.01%
KTB	B	0.35%	0.84%	0.35%
LANC	C	0.25%	0.45%	0.25%
LCII	C	0.2%	0.35%	0.2%
LMAT	A	0.13%	0.27%	0.13%
LOVE	B	0.02%	0.06%	0.02%
LPG	F	0.04%	0.06%	0.04%
LQDT	B	0.03%	0.08%	0.03%
LRN	A	0.29%	0.64%	0.29%
LWAY	D	0.01%	0.01%	0.01%
LYTS	B	0.02%	0.06%	0.02%
MAPS	C	0.0%	0.01%	0.0%
MCRI	A	0.07%	0.16%	0.07%
MCW	B	0.05%	0.05%	0.05%
MCY	A	0.02%	0.25%	0.02%
MDXG	B	0.03%	0.14%	0.03%
METC	C	0.02%	0.04%	0.02%
METCB	D	0.0%	0.01%	0.0%
MGEE	C	0.1%	0.49%	0.1%
MGRC	B	0.21%	0.36%	0.21%
MGY	A	0.3%	0.59%	0.3%
MITK	C	0.03%	0.04%	0.03%
MLI	C	0.63%	1.32%	0.63%
MLR	B	0.0%	0.1%	0.0%
MMSI	B	0.42%	0.71%	0.42%
MOG.A	B	0.4%	0.74%	0.4%
MPX	B	0.0%	0.01%	0.0%
MRTN	C	0.01%	0.13%	0.01%
MWA	B	0.25%	0.46%	0.25%
MYE	F	0.03%	0.06%	0.03%
NARI	C	0.19%	0.36%	0.19%
NATH	C	0.02%	0.03%	0.02%
NATR	C	0.0%	0.02%	0.0%
NGVC	A	0.0%	0.05%	0.0%
NMIH	D	0.02%	0.4%	0.02%
NOG	A	0.02%	0.45%	0.02%
NRC	F	0.02%	0.04%	0.02%
NRDS	C	0.04%	0.07%	0.04%
NSIT	F	0.36%	0.56%	0.36%
NSP	D	0.21%	0.35%	0.21%
NSSC	D	0.1%	0.18%	0.1%
NTIC	C	0.01%	0.01%	0.01%
NVEC	C	0.03%	0.05%	0.03%
NVEE	F	0.02%	0.17%	0.02%
ODC	C	0.01%	0.04%	0.01%
OFLX	D	0.01%	0.03%	0.01%
OOMA	B	0.0%	0.05%	0.0%
OPCH	D	0.14%	0.24%	0.14%
ORGO	B	0.0%	0.04%	0.0%
OSIS	B	0.15%	0.33%	0.15%
OSPN	A	0.04%	0.09%	0.04%
OTTR	C	0.11%	0.39%	0.11%
OXM	D	0.06%	0.18%	0.06%
PAHC	C	0.01%	0.07%	0.01%
PATK	D	0.2%	0.35%	0.2%
PBPB	C	0.01%	0.03%	0.01%
PBYI	C	0.0%	0.01%	0.0%
PDCO	D	0.02%	0.27%	0.02%
PFIS	A	0.01%	0.04%	0.01%
PFMT	D	0.01%	0.03%	0.01%
PJT	A	0.24%	0.24%	0.24%
PLPC	B	0.0%	0.04%	0.0%
PLUS	F	0.12%	0.3%	0.12%
PLXS	B	0.09%	0.42%	0.09%
PRGS	A	0.2%	0.38%	0.2%
PRIM	A	0.23%	0.28%	0.23%
PRO	C	0.07%	0.11%	0.07%
PSMT	C	0.1%	0.31%	0.1%
PTLO	F	0.04%	0.07%	0.04%
PZZA	D	0.09%	0.21%	0.09%
QIPT	F	0.0%	0.01%	0.0%
QLYS	C	0.33%	0.79%	0.33%
RCKY	F	0.0%	0.02%	0.0%
REAL	A	0.01%	0.02%	0.01%
REPX	A	0.0%	0.04%	0.0%
REVG	B	0.08%	0.1%	0.08%
RGR	F	0.01%	0.09%	0.01%
RM	D	0.0%	0.04%	0.0%
RMBS	C	0.38%	0.75%	0.38%
RMNI	C	0.0%	0.02%	0.0%
RVLV	B	0.07%	0.19%	0.07%
SAH	A	0.02%	0.13%	0.02%
SEMR	B	0.03%	0.04%	0.03%
SFL	D	0.02%	0.17%	0.02%
SFM	A	0.96%	1.67%	0.96%
SGC	C	0.0%	0.02%	0.0%
SHOO	D	0.24%	0.47%	0.24%
SIGA	F	0.02%	0.04%	0.02%
SIGI	C	0.35%	0.65%	0.35%
SKT	B	0.1%	0.55%	0.1%
SLVM	B	0.05%	0.36%	0.05%
SMLR	B	0.01%	0.03%	0.01%
SONO	C	0.1%	0.19%	0.1%
SPNS	F	0.08%	0.1%	0.08%
SPSC	C	0.45%	0.87%	0.45%
SRDX	B	0.02%	0.05%	0.02%
SSTK	F	0.05%	0.1%	0.05%
STKS	F	0.01%	0.01%	0.01%
SWBI	C	0.0%	0.08%	0.0%
SXI	B	0.12%	0.31%	0.12%
SXT	B	0.22%	0.42%	0.22%
TH	C	0.02%	0.03%	0.02%
THR	B	0.01%	0.09%	0.01%
TILE	B	0.01%	0.1%	0.01%
TMCI	D	0.02%	0.04%	0.02%
TNC	D	0.05%	0.24%	0.05%
TNET	D	0.2%	0.33%	0.2%
TPB	B	0.05%	0.07%	0.05%
TTSH	D	0.0%	0.03%	0.0%
UFPI	B	0.31%	0.99%	0.31%
UFPT	B	0.14%	0.24%	0.14%
UHT	D	0.03%	0.06%	0.03%
ULH	B	0.01%	0.05%	0.01%
UPBD	B	0.12%	0.26%	0.12%
UPWK	B	0.12%	0.12%	0.12%
UTI	A	0.05%	0.1%	0.05%
VCEL	B	0.16%	0.18%	0.16%
VCTR	B	0.18%	0.27%	0.18%
VIRC	B	0.0%	0.01%	0.0%
VITL	D	0.08%	0.07%	0.07%
VRNS	D	0.41%	0.37%	0.37%
WDFC	B	0.26%	0.58%	0.26%
WERN	C	0.02%	0.41%	0.02%
WK	B	0.3%	0.47%	0.3%
WRLD	C	0.03%	0.07%	0.03%
WTS	B	0.39%	0.8%	0.39%
WWW	B	0.09%	0.22%	0.09%
XPEL	C	0.07%	0.13%	0.07%
YELP	C	0.17%	0.36%	0.17%
YEXT	A	0.06%	0.1%	0.06%
YMAB	F	0.04%	0.03%	0.03%
YORW	D	0.0%	0.07%	0.0%
YOU	D	0.24%	0.17%	0.17%
ZIP	F	0.05%	0.09%	0.05%
ZYXI	D	0.01%	0.02%	0.01%

VTWG Overweight 692 Positions Relative to FLQS

Symbol	Grade	Weight
PCVX	D	0.94%
INSM	C	0.78%
FN	D	0.65%
ENSG	D	0.64%
FLR	B	0.61%
LNTH	D	0.56%
CRS	A	0.53%
HQY	B	0.53%
HLNE	B	0.51%
GKOS	B	0.48%
EXLS	B	0.48%
HALO	F	0.47%
RHP	B	0.46%
CWST	A	0.45%
MOD	A	0.45%
NOVT	D	0.45%
HRI	B	0.44%
ALTR	B	0.44%
CBT	C	0.43%
AVAV	D	0.42%
BECN	B	0.41%
BPMC	C	0.41%
KNF	A	0.41%
CHX	C	0.4%
BCPC	B	0.4%
MMS	F	0.39%
RVMD	C	0.39%
GTLS	B	0.38%
ZETA	D	0.37%
DY	D	0.37%
QTWO	A	0.37%
CRDO	B	0.36%
CRNX	C	0.36%
PIPR	B	0.36%
ZWS	B	0.36%
STRL	B	0.35%
TENB	C	0.35%
MC	C	0.35%
FFIN	B	0.35%
MDGL	B	0.34%
RNA	D	0.34%
SHAK	C	0.34%
ITRI	B	0.34%
KRYS	B	0.32%
RDNT	B	0.32%
VRRM	D	0.32%
PI	D	0.32%
AEIS	B	0.3%
EAT	A	0.3%
WHD	B	0.29%
CWAN	B	0.29%
RKLB	B	0.28%
STEP	B	0.28%
UPST	B	0.28%
MARA	C	0.28%
PRCT	B	0.28%
RXO	C	0.28%
ACLX	C	0.27%
ADMA	B	0.27%
BOOT	D	0.27%
TGTX	B	0.26%
CCOI	B	0.26%
ENS	D	0.26%
SGBX	F	0.26%
HAE	C	0.26%
AXNX	C	0.26%
SLAB	D	0.25%
FOLD	F	0.25%
ROAD	A	0.25%
POWI	D	0.25%
CVCO	A	0.25%
ENV	B	0.24%
AXSM	B	0.24%
OSCR	D	0.24%
CBZ	B	0.24%
GVA	A	0.23%
NUVL	D	0.23%
SMPL	B	0.23%
SITM	B	0.23%
BL	B	0.23%
TDW	F	0.22%
FORM	D	0.22%
UEC	B	0.22%
SMTC	B	0.21%
ITGR	B	0.21%
IOVA	F	0.2%
PTGX	C	0.2%
EVH	F	0.2%
PTON	B	0.2%
CNS	B	0.2%
HGV	B	0.2%
WD	D	0.19%
ACVA	B	0.19%
GH	B	0.19%
TRN	C	0.19%
ALRM	C	0.19%
DOCN	D	0.19%
CNK	B	0.19%
RYTM	C	0.19%
AUR	C	0.19%
TMDX	F	0.19%
SEM	B	0.18%
POWL	C	0.18%
TBBK	B	0.18%
KLIC	B	0.18%
COMP	B	0.18%
FRSH	C	0.18%
CLSK	C	0.18%
GSHD	A	0.18%
EWTX	C	0.18%
ARCB	C	0.18%
HBI	B	0.18%
VC	D	0.18%
OII	B	0.18%
RPD	C	0.18%
SKY	A	0.17%
VERX	B	0.17%
IRTC	D	0.17%
ARWR	F	0.17%
MQ	F	0.17%
PTCT	B	0.17%
ASTH	D	0.17%
TWST	D	0.17%
DYN	F	0.17%
IDYA	F	0.17%
EVTC	B	0.16%
KWR	C	0.16%
MYRG	B	0.16%
PLMR	B	0.16%
INTA	A	0.15%
MTRN	C	0.15%
PAR	B	0.15%
VAL	D	0.15%
TNDM	F	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	C	0.15%
DNLI	D	0.14%
AZZ	B	0.14%
LAUR	A	0.14%
PAYO	A	0.14%
JOE	F	0.14%
PRVA	B	0.14%
NATL	B	0.14%
JOBY	B	0.14%
LBPH	A	0.14%
AMPH	D	0.14%
VYX	B	0.13%
IMVT	F	0.13%
KROS	D	0.13%
BE	B	0.13%
SRRK	B	0.13%
OSW	A	0.13%
KOS	F	0.13%
TFIN	A	0.13%
TRUP	B	0.13%
RXST	F	0.13%
VERA	B	0.12%
NVCR	C	0.12%
AGX	B	0.12%
TARS	B	0.12%
OCUL	D	0.12%
ALKT	B	0.12%
BCRX	D	0.12%
STNE	F	0.12%
RAMP	C	0.12%
PD	C	0.12%
GERN	D	0.12%
ARVN	D	0.12%
WULF	C	0.11%
STAA	F	0.11%
MNKD	C	0.11%
APPN	B	0.11%
CSTM	F	0.11%
WT	B	0.11%
PFSI	D	0.11%
SOUN	C	0.11%
WRBY	B	0.11%
UCTT	D	0.11%
AGM	C	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%
SMMT	D	0.11%
SNDX	F	0.11%
SPT	C	0.1%
THRM	D	0.1%
FLNC	C	0.1%
BLBD	D	0.1%
VECO	F	0.1%
INFN	C	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%
CHEF	A	0.1%
MGNI	A	0.1%
RRR	D	0.09%
CTS	C	0.09%
USLM	A	0.09%
SFBS	B	0.09%
PLAY	D	0.09%
LOB	B	0.09%
USPH	B	0.09%
RDFN	D	0.09%
VRTS	B	0.09%
KURA	F	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%
BKD	D	0.08%
OUT	A	0.08%
SAVA	D	0.08%
JBI	F	0.08%
IMAX	B	0.08%
LEU	C	0.08%
NVAX	F	0.08%
HLIO	B	0.08%
WOR	F	0.08%
NRIX	D	0.08%
KLG	C	0.08%
TPH	D	0.08%
EXPI	C	0.08%
RCKT	F	0.08%
QNST	B	0.08%
AMBA	B	0.08%
KALU	C	0.08%
FUL	F	0.08%
AMRX	C	0.08%
PDFS	C	0.07%
CLB	B	0.07%
DRVN	B	0.07%
EOLS	D	0.07%
WVE	C	0.07%
CDRE	D	0.07%
PNTG	D	0.07%
SHLS	F	0.07%
ASGN	F	0.07%
ELVN	D	0.07%
WLY	B	0.07%
CENX	B	0.07%
HCI	C	0.07%
CXM	C	0.07%
COUR	F	0.07%
ARLO	C	0.07%
ASAN	C	0.07%
SDGR	C	0.07%
DNUT	D	0.07%
MXL	C	0.07%
COGT	D	0.07%
VZIO	A	0.07%
ROCK	C	0.07%
ARRY	C	0.07%
VRDN	D	0.07%
LMND	B	0.07%
UDMY	F	0.06%
ANIP	F	0.06%
BLFS	C	0.06%
UTZ	D	0.06%
VVI	C	0.06%
LMB	A	0.06%
AGL	F	0.06%
PAGS	F	0.06%
ATEC	C	0.06%
SM	B	0.06%
MRVI	F	0.06%
RSI	B	0.06%
MEG	F	0.06%
XMTR	C	0.06%
RCUS	F	0.06%
DFH	D	0.06%
BLND	B	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	C	0.06%
PUBM	C	0.05%
SGHC	A	0.05%
RVNC	F	0.05%
LQDA	D	0.05%
PAX	B	0.05%
LNN	B	0.05%
GSAT	C	0.05%
URBN	C	0.05%
ACMR	F	0.05%
DBRG	F	0.05%
CCB	A	0.05%
NEXT	B	0.05%
MGPI	F	0.05%
PECO	A	0.05%
DAWN	F	0.05%
GDYN	B	0.05%
IBUY	A	0.05%
CECO	A	0.05%
ACHR	B	0.05%
AUPH	B	0.05%
CGEM	F	0.05%
SPRY	D	0.05%
BSIG	A	0.05%
KBH	D	0.05%
TTGT	C	0.05%
FSLY	D	0.05%
PLAB	C	0.04%
CTLP	B	0.04%
CASH	A	0.04%
PRMW	C	0.04%
HLF	C	0.04%
CRMD	C	0.04%
APLT	B	0.04%
AIN	C	0.04%
MAX	F	0.04%
FWRG	C	0.04%
ABUS	D	0.04%
EU	D	0.04%
REAX	D	0.04%
TREE	F	0.04%
INOD	B	0.04%
CYTK	F	0.04%
WEAV	B	0.04%
APLD	A	0.04%
VSCO	B	0.04%
ACEL	C	0.04%
AIV	C	0.04%
EVRI	A	0.04%
LPRO	C	0.04%
XNCR	B	0.04%
VICR	B	0.04%
CDMO	B	0.04%
GRBK	D	0.04%
KRUS	B	0.04%
IMNM	F	0.04%
CIFR	B	0.04%
TYRA	F	0.03%
PBI	B	0.03%
LRMR	F	0.03%
AKRO	B	0.03%
DSGR	D	0.03%
RIOT	C	0.03%
URGN	F	0.03%
MLNK	B	0.03%
ARCT	F	0.03%
BYND	F	0.03%
MNTK	F	0.03%
BIGC	C	0.03%
BFS	C	0.03%
ARHS	F	0.03%
LWLG	F	0.03%
BJRI	B	0.03%
PX	A	0.03%
MIR	A	0.03%
CSV	B	0.03%
SKWD	A	0.03%
AEHR	F	0.03%
CELC	F	0.03%
PPTA	C	0.03%
KALV	D	0.03%
AX	A	0.03%
ALEC	F	0.03%
ESQ	A	0.03%
EAF	C	0.03%
AIR	B	0.03%
CBL	A	0.03%
FA	C	0.03%
TTI	C	0.03%
JELD	F	0.03%
PRTA	F	0.03%
ANAB	F	0.03%
PLOW	D	0.03%
LFST	C	0.03%
BAND	B	0.03%
SLP	D	0.03%
AMSF	B	0.03%
CAPR	C	0.03%
STOK	F	0.03%
DMRC	C	0.03%
FLNG	B	0.03%
HUMA	F	0.03%
AGS	A	0.03%
XERS	B	0.03%
SIBN	F	0.03%
MNMD	C	0.03%
AHCO	F	0.03%
THRY	F	0.03%
CEVA	B	0.03%
SANA	F	0.03%
SYNA	C	0.02%
INSE	C	0.02%
WTI	F	0.02%
NBR	C	0.02%
SERA	F	0.02%
PRME	F	0.02%
ABSI	F	0.02%
EWCZ	F	0.02%
TRAK	B	0.02%
EB	C	0.02%
LAZR	F	0.02%
IIIN	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%
SNEX	B	0.02%
NTST	D	0.02%
HSTM	B	0.02%
FBP	B	0.02%
CDNA	D	0.02%
JBT	B	0.02%
FNA	C	0.02%
BYRN	B	0.02%
CRCT	F	0.02%
SABR	C	0.02%
HLX	B	0.02%
OLO	B	0.02%
ULCC	D	0.02%
RCEL	C	0.02%
CHPT	F	0.02%
BMEA	F	0.02%
ALT	C	0.02%
SNCY	C	0.02%
FDMT	F	0.02%
BANF	B	0.02%
VSEC	C	0.02%
EYPT	F	0.02%
SKYT	D	0.02%
DOMO	C	0.02%
DK	C	0.02%
EGHT	C	0.02%
CERS	C	0.02%
ICHR	C	0.02%
INST	C	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	D	0.02%
LESL	C	0.02%
XPOF	C	0.02%
PRG	C	0.02%
PCT	C	0.02%
CCS	D	0.02%
IGT	F	0.02%
NIC	B	0.02%
PLSE	C	0.02%
NPO	A	0.02%
GRND	A	0.02%
SRCL	C	0.02%
AMRC	F	0.02%
RDVT	A	0.02%
SVRA	D	0.02%
DHIL	A	0.02%
CCO	C	0.01%
NWPX	A	0.01%
DAKT	B	0.01%
CVGW	D	0.01%
REKR	F	0.01%
AKYA	F	0.01%
BDTX	F	0.01%
VERU	F	0.01%
OMER	A	0.01%
INMB	F	0.01%
ACCD	D	0.01%
AIRS	C	0.01%
EP	C	0.01%
GLSI	D	0.01%
EVI	C	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%
UVE	B	0.01%
CTGO	D	0.01%
MODV	C	0.01%
OPRX	F	0.01%
GNE	D	0.01%
PEPG	F	0.01%
STGW	B	0.01%
SSTI	C	0.01%
EVEX	D	0.01%
GOOD	B	0.01%
IRON	B	0.01%
PRTH	C	0.01%
ACHV	F	0.01%
LKFN	B	0.01%
STXS	C	0.01%
SCWO	F	0.01%
IAS	C	0.01%
MRAM	D	0.01%
QUIK	F	0.01%
CADL	F	0.01%
ESPR	C	0.01%
TRVI	D	0.01%
MRSN	D	0.01%
PKE	B	0.01%
LAW	D	0.01%
AQST	D	0.01%
TAYD	D	0.01%
INBK	B	0.01%
MVIS	F	0.01%
SPNT	A	0.01%
KFS	B	0.01%
BRY	F	0.01%
GRPN	F	0.01%
FHTX	D	0.01%
SCPH	F	0.01%
PSTL	D	0.01%
QUAD	C	0.01%
PAYS	F	0.01%
PLUG	F	0.01%
OLMA	F	0.01%
TIPT	B	0.01%
FFWM	C	0.01%
LCTX	F	0.01%
SKIN	D	0.01%
RILY	F	0.01%
BBAI	C	0.01%
HNST	B	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%
TSQ	D	0.01%
CDZI	B	0.01%
ORIC	F	0.01%
AVXL	B	0.01%
QRHC	D	0.01%
MSEX	B	0.01%
CTOS	C	0.01%
ADCT	F	0.01%
NEO	C	0.01%
MDWD	D	0.01%
OMI	F	0.01%
MGTX	C	0.01%
TCX	F	0.01%
BRCC	F	0.01%
REX	D	0.01%
LGIH	D	0.01%
XOMA	C	0.01%
AEYE	C	0.01%
SMID	B	0.01%
WKC	D	0.01%
ARAY	D	0.01%
MLP	B	0.01%
LBRT	D	0.01%
SCL	C	0.01%
HEAR	C	0.01%
EVCM	B	0.01%
PRCH	C	0.01%
AVAH	B	0.01%
INDI	C	0.01%
LIVN	F	0.01%
ALTG	C	0.01%
CDLX	D	0.01%
CVRX	C	0.01%
SGHT	F	0.01%
UMH	C	0.01%
KNTK	B	0.01%
ANDE	D	0.01%
DSP	B	0.01%
GOGO	C	0.01%
BVS	D	0.01%
RICK	C	0.01%
LNZA	F	0.01%
MGNX	F	0.01%
PESI	B	0.01%
ZURA	F	0.01%
MLAB	D	0.01%
GCBC	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	A	0.0%
SPCE	D	0.0%
ATLC	B	0.0%
ULBI	F	0.0%
GRWG	F	0.0%
HLVX	D	0.0%
LUNR	B	0.0%
VGAS	C	0.0%
RENB	F	0.0%
CZFS	B	0.0%
ELEV	D	0.0%
HRTX	F	0.0%
HOWL	F	0.0%
BOC	C	0.0%
TERN	F	0.0%
CHRS	D	0.0%
EVC	C	0.0%
LSEA	D	0.0%
SST	F	0.0%
CTV	A	0.0%
RGLS	F	0.0%
MEC	D	0.0%
DIBS	F	0.0%
AMPX	C	0.0%
DLHC	F	0.0%
ALRS	D	0.0%
CDXS	B	0.0%
ANET	C	0.0%
SHYF	C	0.0%
VRCA	F	0.0%
CLBK	B	0.0%
ALDX	D	0.0%
ORN	C	0.0%
TNYA	C	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%
MITT	D	0.0%
CABA	F	0.0%
INNV	F	0.0%
VALU	C	0.0%
AOMR	D	0.0%
HCAT	D	0.0%
FUBO	F	0.0%
FG	B	0.0%
ANIK	F	0.0%
USCB	B	0.0%
MYFW	B	0.0%
MCBS	B	0.0%
OABI	F	0.0%
NGS	B	0.0%
PSTX	D	0.0%
RDW	B	0.0%
CRDF	F	0.0%
ALXO	F	0.0%
HDSN	F	0.0%
OUST	C	0.0%
GMGI	D	0.0%
QBTS	B	0.0%
AHH	D	0.0%
OBIO	C	0.0%
BOOM	F	0.0%
EYE	C	0.0%
ITIC	B	0.0%
PTVE	B	0.0%
ARKO	C	0.0%
ATNM	F	0.0%
OPEN	D	0.0%
HOV	D	0.0%
PCRX	C	0.0%
SHBI	A	0.0%
DIN	C	0.0%
HQI	B	0.0%
CRSR	C	0.0%
AVO	C	0.0%
BMBL	C	0.0%
VTSI	C	0.0%
DCGO	C	0.0%
CLPR	D	0.0%
QTRX	F	0.0%
OVID	F	0.0%
PLL	C	0.0%
NRDY	C	0.0%

VTWG Underweight 188 Positions Relative to FLQS

Symbol	Grade	Weight
JXN	C	-1.0%
CMC	B	-0.83%
ESNT	D	-0.8%
GPI	A	-0.73%
SWX	B	-0.68%
MATX	C	-0.66%
HOMB	A	-0.65%
KFY	B	-0.64%
CEIX	A	-0.6%
SIG	B	-0.58%
PNM	F	-0.56%
PBH	A	-0.56%
CRC	B	-0.54%
ASB	B	-0.5%
RUSHA	C	-0.48%
MHO	D	-0.45%
TGNA	B	-0.45%
TDS	B	-0.45%
BXMT	C	-0.44%
NWE	B	-0.44%
HCC	B	-0.44%
SR	A	-0.43%
GNW	A	-0.41%
BNL	D	-0.4%
GEO	B	-0.4%
EPRT	B	-0.38%
AVA	A	-0.38%
BTU	B	-0.37%
ARCH	B	-0.37%
IIPR	D	-0.36%
FCPT	C	-0.35%
PBF	D	-0.34%
UNF	B	-0.34%
CVBF	A	-0.34%
PRDO	B	-0.31%
STRA	C	-0.31%
STNG	F	-0.3%
ENVA	B	-0.3%
CNO	A	-0.29%
NBTB	B	-0.29%
REZI	A	-0.27%
LZB	B	-0.27%
FL	F	-0.24%
SBH	C	-0.24%
ROIC	A	-0.24%
MLKN	D	-0.23%
NWBI	B	-0.23%
VSH	D	-0.23%
GEF	A	-0.23%
SJW	D	-0.22%
NHC	C	-0.22%
EPC	D	-0.21%
NWN	A	-0.2%
LTC	B	-0.2%
UVV	B	-0.19%
HELE	C	-0.19%
INSW	F	-0.19%
WMK	C	-0.18%
PRK	B	-0.18%
MD	B	-0.18%
HOPE	B	-0.18%
SCS	C	-0.17%
AAT	B	-0.17%
GABC	B	-0.17%
NTCT	C	-0.17%
SRCE	B	-0.16%
GIII	D	-0.16%
IMKTA	C	-0.15%
UNFI	A	-0.15%
HSII	B	-0.15%
ACT	D	-0.15%
PDM	D	-0.15%
DLX	B	-0.15%
PEBO	A	-0.15%
PFBC	B	-0.14%
OCFC	B	-0.14%
BRKL	B	-0.14%
SYBT	B	-0.13%
TMP	B	-0.13%
SXC	A	-0.13%
ODP	F	-0.13%
UTL	B	-0.12%
MNRO	D	-0.12%
BLX	C	-0.12%
CNXN	C	-0.11%
ETD	C	-0.11%
BHE	B	-0.11%
FWRD	D	-0.11%
DHT	F	-0.1%
SPTN	D	-0.1%
EGBN	B	-0.1%
SMP	B	-0.1%
TRST	A	-0.09%
ELME	D	-0.09%
WNC	C	-0.09%
GOGL	F	-0.09%
TRTX	B	-0.08%
SCVL	F	-0.08%
MATW	C	-0.08%
RYI	C	-0.08%
SCHL	D	-0.08%
EBF	F	-0.08%
USNA	C	-0.07%
NFBK	B	-0.07%
SMBC	B	-0.07%
ACCO	C	-0.07%
FFIC	B	-0.06%
HVT	D	-0.06%
CPF	A	-0.06%
PGRE	F	-0.06%
LILAK	D	-0.06%
KELYA	F	-0.06%
ASC	F	-0.06%
BDN	C	-0.06%
FMNB	B	-0.06%
CCSI	C	-0.06%
RUSHB	B	-0.06%
NUS	D	-0.06%
BMRC	B	-0.05%
MCFT	B	-0.05%
MOV	C	-0.05%
HTBK	A	-0.05%
BV	B	-0.05%
RMR	F	-0.05%
NPK	B	-0.05%
LXFR	C	-0.05%
VLGEA	B	-0.05%
TCMD	A	-0.05%
CCRN	F	-0.05%
LINC	B	-0.05%
FCBC	B	-0.05%
GEF	A	-0.05%
CFB	B	-0.05%
PKST	D	-0.04%
SB	F	-0.04%
CMTG	F	-0.04%
AMCX	C	-0.04%
HBCP	B	-0.04%
VNDA	C	-0.04%
SPOK	C	-0.04%
GNTY	A	-0.04%
TITN	C	-0.04%
NAT	F	-0.04%
FLIC	B	-0.04%
NECB	B	-0.04%
LGTY	D	-0.04%
RGP	F	-0.04%
KRNY	B	-0.03%
MED	F	-0.03%
OLP	B	-0.03%
IMMR	C	-0.03%
LILA	D	-0.03%
PKBK	A	-0.03%
RMAX	C	-0.03%
VPG	D	-0.03%
WEYS	C	-0.03%
RLGT	A	-0.03%
GRNT	B	-0.03%
GPMT	C	-0.02%
NREF	A	-0.02%
III	C	-0.02%
ESCA	C	-0.02%
REFI	A	-0.02%
SNBR	F	-0.02%
FLXS	B	-0.02%
MYPS	C	-0.02%
AVNW	F	-0.02%
RELL	B	-0.02%
JOUT	D	-0.02%
DXLG	F	-0.02%
CHMG	B	-0.02%
CZNC	B	-0.02%
HOFT	C	-0.02%
ESSA	B	-0.02%
DBI	F	-0.02%
IBEX	B	-0.02%
CIO	D	-0.02%
MG	D	-0.02%
JAKK	C	-0.02%
LCUT	F	-0.01%
NL	B	-0.01%
SEVN	D	-0.01%
CPSS	B	-0.01%
CMT	D	-0.01%
HBB	F	-0.01%
FORR	D	-0.01%
VRA	F	-0.01%
FSTR	B	-0.01%