VTWG vs. VFMO ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$215.69

Average Daily Volume

32,374

Number of Holdings ^*

971

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$170.84

Average Daily Volume

35,862

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	VFMO
30 Days	0.44%	1.75%
60 Days	6.14%	7.92%
90 Days	8.18%	12.75%
12 Months	34.12%	45.65%

256 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in VFMO	Overlap
ABSI	F	0.02%	0.02%	0.02%
ABUS	D	0.04%	0.12%	0.04%
ACIC	B	0.01%	0.1%	0.01%
ACIW	B	0.39%	0.03%	0.03%
ACLX	C	0.26%	0.1%	0.1%
ACVA	A	0.22%	0.06%	0.06%
ADMA	C	0.33%	0.26%	0.26%
ADUS	D	0.07%	0.06%	0.06%
AGM	A	0.11%	0.05%	0.05%
AGX	B	0.09%	0.11%	0.09%
AGYS	A	0.18%	0.07%	0.07%
AIT	A	0.63%	0.13%	0.13%
ALHC	C	0.09%	0.1%	0.09%
ALKT	B	0.1%	0.08%	0.08%
AMRX	C	0.08%	0.15%	0.08%
AMSC	C	0.06%	0.12%	0.06%
ANAB	F	0.05%	0.13%	0.05%
ANET	C	0.0%	1.27%	0.0%
ANET	C	0.0%	0.06%	0.0%
ANF	C	0.51%	0.27%	0.27%
ANIP	D	0.06%	0.02%	0.02%
AORT	B	0.06%	0.08%	0.06%
APEI	B	0.0%	0.0%	0.0%
APLT	C	0.04%	0.16%	0.04%
AQST	D	0.01%	0.1%	0.01%
ARLO	D	0.08%	0.05%	0.05%
AROC	A	0.25%	0.28%	0.25%
ARQT	D	0.07%	0.04%	0.04%
ASPN	F	0.03%	0.22%	0.03%
ATEX	F	0.02%	0.02%	0.02%
ATGE	B	0.04%	0.14%	0.04%
AVAV	C	0.38%	0.17%	0.17%
AX	A	0.03%	0.04%	0.03%
AZZ	B	0.15%	0.2%	0.15%
BAND	C	0.03%	0.05%	0.03%
BDTX	F	0.01%	0.02%	0.01%
BKD	F	0.08%	0.2%	0.08%
BLBD	F	0.11%	0.18%	0.11%
BLND	B	0.06%	0.03%	0.03%
BPMC	D	0.42%	0.19%	0.19%
BRCC	F	0.01%	0.02%	0.01%
CADL	F	0.01%	0.1%	0.01%
CAL	D	0.03%	0.04%	0.03%
CALM	A	0.01%	0.09%	0.01%
CASH	A	0.03%	0.15%	0.03%
CBZ	B	0.23%	0.09%	0.09%
CDNA	D	0.03%	0.12%	0.03%
CDRE	D	0.07%	0.13%	0.07%
CECO	C	0.06%	0.08%	0.06%
CELC	F	0.03%	0.02%	0.02%
CENT	C	0.0%	0.04%	0.0%
CENX	A	0.06%	0.08%	0.06%
CGEM	F	0.06%	0.08%	0.06%
CHCO	A	0.01%	0.07%	0.01%
CLSK	C	0.16%	0.04%	0.04%
CMPR	F	0.07%	0.08%	0.07%
CMRE	B	0.0%	0.03%	0.0%
CNK	A	0.18%	0.11%	0.11%
COLL	F	0.09%	0.12%	0.09%
COMP	B	0.17%	0.14%	0.14%
COOP	B	0.16%	0.17%	0.16%
CRAI	B	0.08%	0.09%	0.08%
CRDO	C	0.29%	0.16%	0.16%
CRMD	C	0.03%	0.05%	0.03%
CRNX	C	0.29%	0.15%	0.15%
CRS	A	0.55%	0.24%	0.24%
CRVL	B	0.21%	0.05%	0.05%
CSTL	C	0.02%	0.06%	0.02%
CSWI	B	0.44%	0.21%	0.21%
CTS	B	0.08%	0.03%	0.03%
CVLT	B	0.46%	0.4%	0.4%
CYH	F	0.03%	0.04%	0.03%
DAKT	A	0.01%	0.06%	0.01%
DAWN	D	0.05%	0.02%	0.02%
DFIN	D	0.08%	0.03%	0.03%
DJCO	B	0.04%	0.03%	0.03%
DORM	B	0.22%	0.07%	0.07%
DXPE	A	0.0%	0.04%	0.0%
DYN	F	0.21%	0.13%	0.13%
EAT	A	0.22%	0.03%	0.03%
EGY	F	0.0%	0.08%	0.0%
ELEV	F	0.0%	0.04%	0.0%
ELVN	C	0.06%	0.03%	0.03%
ENSG	D	0.58%	0.15%	0.15%
EOLS	F	0.07%	0.12%	0.07%
EPAC	B	0.17%	0.03%	0.03%
EU	F	0.04%	0.04%	0.04%
EVER	F	0.04%	0.16%	0.04%
EWTX	C	0.14%	0.22%	0.14%
FBP	A	0.02%	0.31%	0.02%
FG	A	0.0%	0.09%	0.0%
FN	C	0.63%	0.04%	0.04%
FOR	F	0.01%	0.02%	0.01%
FSS	C	0.41%	0.05%	0.05%
GERN	F	0.13%	0.08%	0.08%
GFF	A	0.19%	0.18%	0.18%
GKOS	B	0.46%	0.26%	0.26%
GMS	A	0.24%	0.05%	0.05%
GOLF	A	0.13%	0.02%	0.02%
GPOR	A	0.07%	0.12%	0.07%
GRBK	D	0.05%	0.12%	0.05%
GRND	B	0.02%	0.09%	0.02%
HALO	D	0.52%	0.19%	0.19%
HCI	B	0.06%	0.1%	0.06%
HEAR	C	0.01%	0.02%	0.01%
HIMS	C	0.25%	0.17%	0.17%
HLX	D	0.02%	0.02%	0.02%
HNI	A	0.09%	0.11%	0.09%
HNST	A	0.01%	0.04%	0.01%
HOV	F	0.0%	0.03%	0.0%
HROW	D	0.1%	0.1%	0.1%
HRTX	F	0.0%	0.06%	0.0%
HUMA	F	0.03%	0.09%	0.03%
HWKN	C	0.18%	0.13%	0.13%
HY	F	0.03%	0.09%	0.03%
IBP	F	0.43%	0.13%	0.13%
ICFI	F	0.23%	0.07%	0.07%
IDT	B	0.03%	0.04%	0.03%
IDYA	F	0.19%	0.05%	0.05%
IESC	B	0.12%	0.26%	0.12%
IMNM	F	0.05%	0.12%	0.05%
INOD	B	0.03%	0.07%	0.03%
INSM	D	0.84%	0.3%	0.3%
INVA	C	0.01%	0.2%	0.01%
ITGR	B	0.22%	0.1%	0.1%
ITRI	B	0.32%	0.02%	0.02%
JANX	C	0.09%	0.15%	0.09%
KALV	F	0.03%	0.07%	0.03%
KBH	D	0.06%	0.3%	0.06%
KLG	F	0.08%	0.06%	0.06%
KRYS	D	0.33%	0.1%	0.1%
KTB	A	0.33%	0.08%	0.08%
KTOS	B	0.11%	0.04%	0.04%
KURA	F	0.1%	0.07%	0.07%
LAUR	A	0.13%	0.07%	0.07%
LBPH	A	0.08%	0.16%	0.08%
LBRT	F	0.01%	0.02%	0.01%
LFMD	C	0.01%	0.02%	0.01%
LMAT	A	0.14%	0.03%	0.03%
LMB	A	0.06%	0.2%	0.06%
LNTH	F	0.55%	0.18%	0.18%
LPG	F	0.05%	0.1%	0.05%
LQDA	F	0.04%	0.11%	0.04%
LRMR	D	0.02%	0.06%	0.02%
LRN	A	0.26%	0.22%	0.22%
LXRX	F	0.01%	0.02%	0.01%
MAX	F	0.04%	0.1%	0.04%
MCY	A	0.02%	0.17%	0.02%
MDGL	C	0.27%	0.02%	0.02%
METC	C	0.02%	0.02%	0.02%
MIR	A	0.02%	0.03%	0.02%
MLI	B	0.56%	0.1%	0.1%
MNMD	B	0.03%	0.08%	0.03%
MOD	C	0.5%	0.13%	0.13%
MOG.A	B	0.42%	0.17%	0.17%
MRSN	C	0.01%	0.02%	0.01%
NMIH	D	0.02%	0.03%	0.02%
NNBR	C	0.04%	0.11%	0.04%
NPO	A	0.03%	0.09%	0.03%
NRIX	C	0.07%	0.1%	0.07%
NSSC	F	0.1%	0.04%	0.04%
NUVL	D	0.26%	0.11%	0.11%
NVAX	F	0.1%	0.1%	0.1%
OCGN	F	0.02%	0.08%	0.02%
OCUL	C	0.1%	0.1%	0.1%
OII	B	0.18%	0.09%	0.09%
OSCR	F	0.3%	0.21%	0.21%
OSIS	A	0.17%	0.04%	0.04%
OSW	B	0.12%	0.06%	0.06%
OUST	C	0.0%	0.04%	0.0%
PAHC	A	0.01%	0.12%	0.01%
PAR	A	0.13%	0.02%	0.02%
PATK	C	0.22%	0.08%	0.08%
PBI	C	0.02%	0.05%	0.02%
PCVX	D	0.99%	0.28%	0.28%
PFSI	D	0.12%	0.03%	0.03%
PHAT	F	0.01%	0.12%	0.01%
PI	D	0.36%	0.17%	0.17%
PLMR	A	0.17%	0.02%	0.02%
PLSE	C	0.02%	0.09%	0.02%
PNTG	D	0.07%	0.13%	0.07%
POWL	C	0.15%	0.26%	0.15%
PRCT	B	0.25%	0.1%	0.1%
PRG	A	0.02%	0.03%	0.02%
PRIM	A	0.21%	0.12%	0.12%
PRMW	C	0.04%	0.11%	0.04%
PTGX	D	0.19%	0.12%	0.12%
PTVE	C	0.0%	0.12%	0.0%
QNST	C	0.07%	0.08%	0.07%
QTWO	A	0.34%	0.03%	0.03%
RDNT	B	0.33%	0.08%	0.08%
REAX	C	0.04%	0.03%	0.03%
REVG	A	0.08%	0.2%	0.08%
REX	C	0.01%	0.06%	0.01%
RNA	C	0.36%	0.16%	0.16%
ROAD	B	0.22%	0.14%	0.14%
RSI	B	0.06%	0.17%	0.06%
RVLV	A	0.07%	0.1%	0.07%
RVMD	B	0.33%	0.14%	0.14%
RXST	F	0.13%	0.11%	0.11%
RYTM	C	0.21%	0.12%	0.12%
SAVA	C	0.09%	0.09%	0.09%
SEM	B	0.19%	0.1%	0.1%
SFBS	A	0.08%	0.06%	0.06%
SFL	F	0.02%	0.17%	0.02%
SFM	A	0.81%	0.57%	0.57%
SGBX	F	0.25%	0.15%	0.15%
SHAK	B	0.29%	0.09%	0.09%
SHOO	D	0.26%	0.04%	0.04%
SIGA	F	0.02%	0.06%	0.02%
SKWD	A	0.03%	0.16%	0.03%
SLVM	B	0.05%	0.1%	0.05%
SMMT	D	0.13%	0.23%	0.13%
SMR	B	0.07%	0.13%	0.07%
SOUN	C	0.1%	0.1%	0.1%
SPNS	F	0.08%	0.02%	0.02%
SPNT	A	0.01%	0.09%	0.01%
SPRY	C	0.05%	0.1%	0.05%
SRRK	C	0.04%	0.02%	0.02%
STEP	A	0.26%	0.05%	0.05%
STOK	D	0.03%	0.07%	0.03%
STRL	B	0.32%	0.15%	0.15%
SVRA	F	0.03%	0.02%	0.02%
SWTX	C	0.16%	0.06%	0.06%
SXI	A	0.12%	0.07%	0.07%
TDW	F	0.25%	0.11%	0.11%
TERN	F	0.0%	0.04%	0.0%
TFIN	A	0.12%	0.04%	0.04%
TGTX	B	0.24%	0.06%	0.06%
THR	C	0.01%	0.02%	0.01%
TILE	A	0.01%	0.1%	0.01%
TMDX	F	0.37%	0.1%	0.1%
TNC	F	0.06%	0.1%	0.06%
TNDM	F	0.2%	0.15%	0.15%
TPB	A	0.05%	0.11%	0.05%
TREE	F	0.04%	0.15%	0.04%
TRN	A	0.19%	0.03%	0.03%
TSHA	D	0.03%	0.05%	0.03%
TWST	F	0.19%	0.09%	0.09%
UFPT	C	0.17%	0.07%	0.07%
USLM	A	0.07%	0.02%	0.02%
UTI	A	0.05%	0.12%	0.05%
UVE	A	0.01%	0.09%	0.01%
VCEL	A	0.15%	0.04%	0.04%
VCTR	B	0.17%	0.19%	0.17%
VERA	B	0.13%	0.13%	0.13%
VERX	A	0.15%	0.1%	0.1%
VITL	F	0.08%	0.27%	0.08%
VRNS	D	0.45%	0.06%	0.06%
VSEC	B	0.02%	0.06%	0.02%
WDFC	A	0.26%	0.05%	0.05%
WULF	C	0.07%	0.16%	0.07%
WVE	C	0.04%	0.03%	0.03%
WWW	A	0.1%	0.03%	0.03%
YMAB	D	0.04%	0.13%	0.04%
ZETA	F	0.39%	0.14%	0.14%

VTWG Overweight 716 Positions Relative to VFMO

Symbol	Grade	Weight
FLR	B	0.54%
SPSC	D	0.53%
HQY	A	0.5%
NOVT	D	0.47%
BMI	B	0.47%
HLNE	A	0.47%
RHP	B	0.46%
CWST	A	0.45%
EXLS	B	0.44%
NSIT	F	0.44%
CBT	C	0.44%
CHX	C	0.42%
EXPO	D	0.42%
DY	C	0.41%
MMSI	A	0.41%
WTS	A	0.41%
BCPC	B	0.41%
MMS	D	0.41%
ALTR	B	0.4%
GTLS	A	0.39%
BCO	F	0.38%
KNF	B	0.37%
BECN	B	0.37%
ZWS	B	0.36%
PIPR	A	0.36%
BOOT	C	0.36%
FELE	B	0.35%
QLYS	C	0.35%
TENB	D	0.35%
FFIN	A	0.35%
SIGI	A	0.35%
MC	B	0.35%
BOX	B	0.34%
VRRM	D	0.34%
HRI	B	0.33%
UFPI	C	0.33%
ALKS	B	0.33%
RMBS	C	0.33%
AEIS	B	0.29%
KAI	A	0.29%
WK	B	0.29%
HAE	A	0.29%
RXO	C	0.28%
CWAN	B	0.28%
MGY	A	0.28%
WHD	B	0.28%
SLAB	F	0.27%
CORT	B	0.27%
ENS	D	0.27%
FTDR	B	0.27%
AXNX	A	0.26%
FORM	F	0.26%
CVCO	A	0.26%
IDCC	A	0.26%
POWI	D	0.26%
MARA	B	0.26%
MWA	A	0.25%
RKLB	B	0.25%
ACLS	F	0.25%
LANC	D	0.25%
BLKB	D	0.25%
AEO	F	0.24%
EVH	F	0.24%
AXSM	B	0.24%
CCOI	B	0.24%
TNET	F	0.23%
ATKR	C	0.23%
FOLD	F	0.23%
PJT	A	0.23%
SITM	B	0.23%
NSP	F	0.23%
ENV	B	0.23%
SMPL	B	0.23%
BL	B	0.23%
SXT	C	0.23%
SMTC	C	0.22%
LCII	D	0.22%
AUR	D	0.22%
UPST	B	0.22%
SQSP	A	0.21%
PRGS	B	0.21%
GVA	A	0.21%
YOU	D	0.21%
GH	B	0.2%
APAM	A	0.2%
TBBK	A	0.19%
ARCB	C	0.19%
MGRC	B	0.19%
VC	F	0.19%
AMR	C	0.19%
HBI	A	0.19%
PRFT	B	0.19%
JJSF	C	0.19%
ALRM	C	0.19%
CNS	B	0.19%
WD	D	0.19%
DOCN	D	0.19%
CARG	A	0.19%
BCC	B	0.19%
HGV	B	0.19%
IOSP	C	0.18%
SKY	A	0.18%
KLIC	C	0.18%
RPD	C	0.18%
UEC	B	0.18%
ASTH	F	0.18%
OPCH	F	0.18%
BDC	B	0.18%
ENR	A	0.17%
YELP	C	0.17%
ARWR	D	0.17%
IRTC	C	0.17%
IPAR	C	0.17%
KWR	C	0.17%
FRSH	B	0.17%
IOVA	D	0.17%
BRZE	C	0.16%
PTCT	B	0.16%
MTRN	C	0.16%
NARI	C	0.16%
EVTC	C	0.16%
CNMD	C	0.16%
CPRX	C	0.16%
BBIO	F	0.16%
VAL	F	0.16%
GSHD	A	0.15%
JOBY	B	0.15%
AI	C	0.15%
NATL	B	0.15%
DNLI	C	0.15%
JOE	F	0.15%
KYMR	C	0.15%
CSTM	F	0.15%
PRVA	B	0.14%
AMPH	F	0.14%
INTA	B	0.14%
KOS	D	0.14%
HURN	B	0.14%
BE	A	0.14%
CAKE	A	0.14%
FLYW	B	0.14%
MQ	F	0.14%
UPBD	B	0.13%
PLUS	F	0.13%
AWR	A	0.13%
UCTT	F	0.13%
VYX	C	0.13%
CLDX	F	0.13%
STAA	F	0.13%
ACAD	C	0.13%
ALG	B	0.13%
SNDX	D	0.12%
ARVN	D	0.12%
ARDX	F	0.12%
AMN	F	0.12%
HLIT	F	0.12%
PAYO	A	0.12%
ESE	A	0.12%
RAMP	C	0.12%
IMVT	D	0.12%
NVCR	D	0.12%
MYRG	B	0.12%
STNE	F	0.12%
CALX	F	0.12%
PD	C	0.12%
KROS	C	0.12%
HEES	B	0.11%
OTTR	C	0.11%
PSMT	D	0.11%
THRM	F	0.11%
RDFN	D	0.11%
CHEF	B	0.11%
AESI	D	0.11%
PTON	B	0.11%
MIRM	A	0.11%
TGLS	A	0.11%
MGNI	A	0.11%
VECO	F	0.11%
BCRX	D	0.11%
RXRX	F	0.11%
BKE	A	0.1%
SONO	C	0.1%
INFN	C	0.1%
APPN	B	0.1%
FLNC	D	0.1%
TRUP	A	0.1%
SKT	A	0.1%
WT	A	0.1%
PGNY	F	0.1%
NGVT	B	0.1%
JAMF	F	0.1%
WRBY	A	0.1%
LOB	A	0.1%
MGEE	A	0.1%
ENVX	F	0.1%
JBI	F	0.1%
SPT	C	0.1%
CSGS	A	0.1%
VRTS	A	0.09%
DVAX	C	0.09%
MGPI	D	0.09%
ZUO	A	0.09%
HRMY	D	0.09%
TARS	B	0.09%
AGL	F	0.09%
RCKT	F	0.09%
RRR	D	0.09%
TPH	D	0.09%
FUL	F	0.09%
PHR	F	0.09%
USPH	C	0.09%
MNKD	B	0.09%
PZZA	D	0.09%
UPWK	B	0.09%
SDGR	D	0.08%
VRDN	C	0.08%
OUT	A	0.08%
ASO	F	0.08%
HLIO	B	0.08%
CGON	D	0.08%
KALU	C	0.08%
TRNS	F	0.08%
COUR	F	0.08%
MXL	C	0.08%
XPEL	B	0.08%
PLAY	C	0.08%
FIZZ	B	0.08%
PLXS	B	0.08%
AMBA	B	0.08%
KFRC	D	0.08%
EXPI	C	0.08%
WOR	F	0.08%
OXM	F	0.07%
WLY	B	0.07%
JACK	D	0.07%
MRVI	F	0.07%
DNUT	D	0.07%
COGT	D	0.07%
NABL	F	0.07%
ASGN	D	0.07%
ASAN	C	0.07%
SHLS	F	0.07%
CXM	C	0.07%
PDFS	D	0.07%
ERII	B	0.07%
VZIO	A	0.07%
ARRY	C	0.07%
EXTR	B	0.07%
DFH	F	0.07%
MCRI	A	0.07%
ROCK	C	0.07%
ATEN	A	0.07%
OEC	C	0.07%
CWH	B	0.07%
GSAT	B	0.06%
XMTR	C	0.06%
SM	C	0.06%
FSLY	D	0.06%
UTZ	D	0.06%
BLFS	D	0.06%
GRC	B	0.06%
MEG	F	0.06%
CWT	C	0.06%
RCUS	F	0.06%
JBSS	F	0.06%
PRO	C	0.06%
PAGS	F	0.06%
DRVN	A	0.06%
ATRC	C	0.06%
CLB	C	0.06%
BBSI	A	0.06%
IMAX	B	0.06%
PUBM	D	0.05%
LPRO	C	0.05%
BASE	C	0.05%
TTGT	C	0.05%
HI	C	0.05%
CDMO	A	0.05%
ACHR	B	0.05%
LNN	B	0.05%
APLD	C	0.05%
AIN	C	0.05%
PECO	A	0.05%
ZIP	D	0.05%
IBUY	B	0.05%
URBN	C	0.05%
BLMN	F	0.05%
SSTK	F	0.05%
LMND	A	0.05%
BSIG	A	0.05%
CVI	D	0.05%
IE	C	0.05%
ACMR	F	0.05%
UDMY	D	0.05%
AUPH	B	0.05%
YEXT	A	0.05%
VVI	A	0.05%
CASS	B	0.04%
APOG	B	0.04%
LQDT	A	0.04%
UHT	D	0.04%
AHCO	D	0.04%
WEAV	B	0.04%
NRDS	C	0.04%
MYE	F	0.04%
SLP	F	0.04%
PLOW	D	0.04%
ALX	D	0.04%
PLAB	D	0.04%
MCW	B	0.04%
VICR	B	0.04%
ARHS	F	0.04%
THRY	F	0.04%
RVNC	F	0.04%
NEXT	B	0.04%
SGHC	A	0.04%
LEU	C	0.04%
XNCR	B	0.04%
SANA	F	0.04%
CYTK	D	0.04%
EVRI	A	0.04%
SEMR	D	0.04%
CCB	A	0.04%
OSPN	B	0.04%
ATEC	C	0.04%
PTLO	F	0.04%
IMXI	B	0.04%
AXGN	D	0.04%
DBRG	D	0.04%
HCKT	A	0.04%
FA	D	0.04%
ACEL	B	0.04%
GDYN	C	0.04%
PAX	C	0.04%
AIV	C	0.04%
SRDX	C	0.03%
MNTK	F	0.03%
LESL	C	0.03%
NRC	F	0.03%
FDMT	F	0.03%
DSGR	C	0.03%
CCS	F	0.03%
AEHR	F	0.03%
PPTA	A	0.03%
DHIL	A	0.03%
CTRE	D	0.03%
ALEC	F	0.03%
URGN	F	0.03%
PX	A	0.03%
WRLD	D	0.03%
TTI	B	0.03%
NVEC	D	0.03%
DMRC	D	0.03%
AMSF	A	0.03%
CBL	B	0.03%
ESQ	B	0.03%
BFS	C	0.03%
CTLP	B	0.03%
XERS	C	0.03%
MITK	C	0.03%
CRGY	A	0.03%
IRMD	B	0.03%
BYND	F	0.03%
PRTA	F	0.03%
AMRC	F	0.03%
BIGC	C	0.03%
GCMG	B	0.03%
BBW	B	0.03%
AGS	A	0.03%
LFST	C	0.03%
SIBN	D	0.03%
AIR	B	0.03%
FLNG	D	0.03%
FC	F	0.03%
ENFN	A	0.03%
GIC	F	0.03%
ARCT	F	0.03%
JELD	F	0.03%
CIFR	B	0.03%
FWRG	C	0.03%
IBTA	C	0.03%
VSCO	A	0.03%
KRUS	C	0.03%
CEVA	B	0.03%
TYRA	F	0.03%
HLF	C	0.03%
SNCY	B	0.02%
NOG	A	0.02%
WTI	F	0.02%
EWCZ	D	0.02%
LNZA	F	0.02%
LOVE	A	0.02%
SERA	F	0.02%
REAL	B	0.02%
MRTN	C	0.02%
GCBC	B	0.02%
TRAK	A	0.02%
JBT	B	0.02%
SNEX	A	0.02%
PRME	F	0.02%
PCT	C	0.02%
SGHT	F	0.02%
CBRL	C	0.02%
MLAB	F	0.02%
SYNA	C	0.02%
ULCC	B	0.02%
PBPB	B	0.02%
IGMS	F	0.02%
DENN	C	0.02%
LIND	A	0.02%
HTLD	B	0.02%
ALT	C	0.02%
HSTM	B	0.02%
TDOC	C	0.02%
SAH	A	0.02%
NVEE	F	0.02%
SKYT	F	0.02%
NTST	D	0.02%
OLO	B	0.02%
BANF	A	0.02%
DOMO	C	0.02%
BLZE	D	0.02%
TH	C	0.02%
EGHT	C	0.02%
CRCT	F	0.02%
LAZR	C	0.02%
IIIN	C	0.02%
RCEL	C	0.02%
TMCI	C	0.02%
BMEA	F	0.02%
RIOT	B	0.02%
INST	B	0.02%
CYRX	D	0.02%
SABR	B	0.02%
BYRN	A	0.02%
NIC	A	0.02%
CHPT	F	0.02%
XPOF	B	0.02%
CMPO	C	0.02%
GHM	A	0.02%
WERN	B	0.02%
CENTA	C	0.02%
DIOD	F	0.02%
NNOX	D	0.02%
FNA	B	0.02%
RDVT	B	0.02%
CERS	D	0.02%
LUNG	F	0.02%
EAF	B	0.02%
PDCO	F	0.02%
LYTS	A	0.02%
BWMN	C	0.02%
IGT	F	0.02%
SRCL	B	0.02%
VGR	B	0.02%
ICHR	C	0.02%
AKRO	C	0.02%
DK	D	0.02%
CAPR	B	0.02%
LWLG	D	0.02%
MDXG	A	0.02%
MLNK	C	0.02%
BJRI	A	0.02%
CSV	B	0.02%
AVO	B	0.01%
NWPX	A	0.01%
OVID	D	0.01%
YORW	D	0.01%
AKYA	D	0.01%
NGVC	A	0.01%
INMB	F	0.01%
MAPS	C	0.01%
NRDY	F	0.01%
CCO	D	0.01%
ODC	D	0.01%
BLNK	F	0.01%
REKR	F	0.01%
VERU	F	0.01%
OMER	B	0.01%
EP	C	0.01%
CVGW	C	0.01%
MLYS	D	0.01%
STKS	F	0.01%
EMBC	C	0.01%
EVI	D	0.01%
MODV	C	0.01%
GCO	B	0.01%
CTGO	F	0.01%
RCKY	F	0.01%
QUAD	B	0.01%
ESPR	C	0.01%
GLSI	F	0.01%
SCWO	F	0.01%
EVEX	F	0.01%
AMWD	B	0.01%
IAS	D	0.01%
STTK	F	0.01%
CWCO	C	0.01%
DC	F	0.01%
GNE	F	0.01%
FULC	F	0.01%
NPCE	C	0.01%
ACCD	F	0.01%
MRAM	D	0.01%
NTIC	C	0.01%
EGAN	C	0.01%
GOOD	B	0.01%
LKFN	A	0.01%
ACHV	F	0.01%
PFIS	A	0.01%
SSTI	F	0.01%
STXS	C	0.01%
ULH	B	0.01%
PKE	B	0.01%
STGW	B	0.01%
KFS	B	0.01%
QUIK	F	0.01%
IRON	C	0.01%
DESP	A	0.01%
SKIN	D	0.01%
RILY	F	0.01%
LAW	D	0.01%
AVXL	C	0.01%
INBK	A	0.01%
MGTX	B	0.01%
FFWM	B	0.01%
BBAI	C	0.01%
GRPN	F	0.01%
SMLR	B	0.01%
XFOR	F	0.01%
SUPN	B	0.01%
TIPT	A	0.01%
CTOS	B	0.01%
LWAY	D	0.01%
CVRX	C	0.01%
PEPG	F	0.01%
SMTI	C	0.01%
TAYD	F	0.01%
PRCH	B	0.01%
BRY	F	0.01%
PSTL	C	0.01%
TRVI	F	0.01%
JILL	C	0.01%
PAYS	F	0.01%
PRTH	B	0.01%
OLMA	F	0.01%
PETQ	A	0.01%
CDZI	B	0.01%
JYNT	D	0.01%
ZYXI	D	0.01%
SKYH	B	0.01%
MVIS	F	0.01%
PLUG	D	0.01%
KLTR	A	0.01%
CDLX	D	0.01%
SCPH	F	0.01%
LCTX	D	0.01%
INFU	B	0.01%
OPRX	F	0.01%
XOMA	B	0.01%
TSQ	C	0.01%
QRHC	F	0.01%
MDWD	F	0.01%
FHTX	C	0.01%
BTMD	D	0.01%
ORIC	D	0.01%
GWRS	C	0.01%
MSEX	B	0.01%
SMID	B	0.01%
NEO	C	0.01%
ADCT	F	0.01%
MLP	C	0.01%
AEYE	C	0.01%
EVCM	B	0.01%
BVS	D	0.01%
ARAY	D	0.01%
KNTK	A	0.01%
TCX	F	0.01%
INMD	C	0.01%
DSP	A	0.01%
MGNX	D	0.01%
SCL	D	0.01%
LIVN	C	0.01%
GAMB	A	0.01%
LGIH	F	0.01%
OFLX	C	0.01%
PESI	C	0.01%
KRT	A	0.01%
CDXC	B	0.01%
ZURA	D	0.01%
ALTG	C	0.01%
OMI	F	0.01%
EYPT	D	0.01%
PFMT	F	0.01%
NBR	D	0.01%
WKC	C	0.01%
UMH	C	0.01%
AVAH	B	0.01%
RGR	F	0.01%
KREF	D	0.01%
EB	C	0.01%
RICK	B	0.01%
IRWD	D	0.01%
ANDE	C	0.01%
GOGO	C	0.01%
NATH	B	0.01%
INDI	C	0.01%
INSE	B	0.01%
MASS	F	0.0%
LLAP	F	0.0%
QRTEB	F	0.0%
GRWG	F	0.0%
LYRA	F	0.0%
BSVN	A	0.0%
SES	F	0.0%
RSVR	B	0.0%
SPCE	D	0.0%
ATLC	A	0.0%
TDUP	C	0.0%
PGEN	F	0.0%
QIPT	F	0.0%
ULBI	F	0.0%
HLVX	D	0.0%
VIRC	C	0.0%
VGAS	C	0.0%
RMNI	C	0.0%
LUNR	B	0.0%
RENB	F	0.0%
HOWL	F	0.0%
CZFS	A	0.0%
FBIZ	A	0.0%
PLPC	B	0.0%
EVC	B	0.0%
AMPX	C	0.0%
ORGO	B	0.0%
BOC	D	0.0%
CTV	D	0.0%
MEC	D	0.0%
DIBS	F	0.0%
CDXS	C	0.0%
RGLS	F	0.0%
CIX	B	0.0%
AKBA	C	0.0%
SHYF	C	0.0%
FENC	F	0.0%
SST	F	0.0%
AVTE	D	0.0%
LSEA	F	0.0%
CLBK	B	0.0%
ORN	C	0.0%
ALDX	F	0.0%
VRCA	F	0.0%
LASR	F	0.0%
DLHC	F	0.0%
HBIO	F	0.0%
IIIV	B	0.0%
TNYA	D	0.0%
CHRS	F	0.0%
SGC	C	0.0%
RM	D	0.0%
FUBO	F	0.0%
ATOS	D	0.0%
GALT	C	0.0%
MITT	D	0.0%
VALU	A	0.0%
INNV	D	0.0%
NATR	B	0.0%
PBYI	D	0.0%
CHCT	C	0.0%
OOMA	A	0.0%
MPX	C	0.0%
METCB	C	0.0%
CRDF	D	0.0%
MLR	B	0.0%
RDW	A	0.0%
HCAT	C	0.0%
AOMR	D	0.0%
NGS	A	0.0%
USCB	A	0.0%
REPX	A	0.0%
MCBS	A	0.0%
MYFW	A	0.0%
CABA	F	0.0%
PLL	C	0.0%
EPM	A	0.0%
OABI	D	0.0%
GMGI	C	0.0%
QBTS	B	0.0%
ITIC	A	0.0%
CURV	D	0.0%
SWBI	D	0.0%
FIGS	F	0.0%
FLWS	D	0.0%
PCRX	C	0.0%
OBIO	C	0.0%
AHH	D	0.0%
HDSN	F	0.0%
EYE	C	0.0%
SHBI	A	0.0%
PSTX	D	0.0%
ARKO	D	0.0%
CLPR	D	0.0%
ATNM	D	0.0%
BMBL	C	0.0%
DIN	C	0.0%
ALXO	F	0.0%
ANIK	D	0.0%
DCGO	B	0.0%
OPEN	F	0.0%
HQI	B	0.0%
AIRS	C	0.0%
QTRX	D	0.0%
TTSH	D	0.0%
VTSI	C	0.0%
CRSR	C	0.0%
BOOM	F	0.0%

VTWG Underweight 319 Positions Relative to VFMO

Symbol	Grade	Weight
C	A	-1.21%
KKR	A	-1.17%
META	C	-1.15%
GE	D	-1.14%
NFLX	A	-1.12%
LLY	F	-1.07%
T	A	-1.02%
PGR	B	-0.97%
KLAC	F	-0.94%
TT	A	-0.94%
COST	B	-0.89%
BSX	B	-0.89%
CMG	B	-0.82%
RTX	D	-0.79%
MMM	D	-0.77%
DHI	D	-0.77%
TDG	D	-0.76%
CTAS	B	-0.73%
TFC	A	-0.73%
APH	B	-0.72%
HCA	D	-0.72%
BK	A	-0.71%
NVDA	B	-0.71%
CL	D	-0.7%
ISRG	A	-0.7%
AVGO	C	-0.68%
WMT	A	-0.66%
PLTR	A	-0.66%
APP	A	-0.66%
AXP	A	-0.65%
MCK	A	-0.63%
TMUS	A	-0.57%
VRTX	C	-0.57%
REGN	F	-0.54%
SPOT	A	-0.52%
AFL	C	-0.49%
VRT	A	-0.48%
EME	B	-0.48%
WING	F	-0.47%
NEM	F	-0.46%
NTRA	B	-0.4%
NTAP	D	-0.39%
AWI	A	-0.38%
ALSN	B	-0.38%
DVA	C	-0.38%
PNC	A	-0.37%
MTB	A	-0.37%
NU	C	-0.37%
GDDY	A	-0.37%
DELL	C	-0.36%
HBAN	A	-0.35%
GM	A	-0.35%
FIX	A	-0.35%
FITB	A	-0.34%
SKYW	A	-0.34%
BPOP	C	-0.33%
DECK	A	-0.33%
CVNA	A	-0.33%
LMT	D	-0.33%
GRMN	B	-0.32%
WTW	B	-0.32%
PSTG	F	-0.32%
STC	A	-0.31%
MHK	D	-0.31%
HLT	A	-0.3%
FANG	D	-0.29%
AXS	A	-0.28%
MSI	A	-0.27%
PM	A	-0.27%
TJX	A	-0.27%
RCL	A	-0.27%
MPWR	F	-0.26%
URI	B	-0.26%
GD	D	-0.26%
FRPT	B	-0.26%
SN	C	-0.25%
CNM	F	-0.24%
XPO	B	-0.23%
FICO	A	-0.23%
ORI	A	-0.23%
WAB	B	-0.23%
TPG	B	-0.23%
DHT	D	-0.22%
JXN	B	-0.22%
CR	A	-0.22%
PPC	B	-0.22%
COKE	C	-0.22%
WSM	F	-0.22%
THC	C	-0.22%
EHC	B	-0.22%
MSTR	B	-0.22%
ALL	A	-0.22%
TRGP	A	-0.21%
IBM	D	-0.21%
JLL	C	-0.21%
UTHR	B	-0.2%
PH	A	-0.2%
LDOS	C	-0.2%
UHS	D	-0.2%
LPX	A	-0.2%
RMD	C	-0.2%
AGO	A	-0.2%
HOOD	A	-0.2%
CRUS	F	-0.2%
EVR	A	-0.2%
CDE	D	-0.2%
BRBR	A	-0.2%
ALNY	D	-0.2%
CRBG	B	-0.2%
GWRE	B	-0.2%
CFG	A	-0.19%
SKX	D	-0.19%
HIG	C	-0.19%
AXON	A	-0.19%
CSL	B	-0.19%
PHM	D	-0.19%
MUSA	A	-0.19%
FTI	A	-0.19%
TOL	B	-0.19%
NPAB	F	-0.19%
MO	A	-0.18%
RL	B	-0.18%
KD	A	-0.18%
SCCO	F	-0.18%
VKTX	F	-0.18%
GS	A	-0.18%
COR	B	-0.18%
TNK	F	-0.17%
DKS	D	-0.17%
AJG	A	-0.17%
ARES	B	-0.17%
KEX	A	-0.17%
GWW	A	-0.17%
BFAM	F	-0.17%
ESAB	B	-0.16%
SLM	A	-0.16%
SNV	A	-0.16%
PSN	C	-0.16%
RKT	F	-0.16%
ACGL	C	-0.16%
BURL	C	-0.16%
CLH	C	-0.16%
MLKN	F	-0.16%
TPC	C	-0.16%
JEF	A	-0.15%
OWL	A	-0.15%
UMBF	A	-0.15%
INSW	F	-0.15%
WTFC	A	-0.15%
COHR	B	-0.15%
CW	B	-0.14%
INGR	B	-0.14%
HL	D	-0.14%
COIN	A	-0.13%
LII	B	-0.13%
EXP	B	-0.13%
IBKR	A	-0.13%
BLD	F	-0.13%
LUMN	C	-0.13%
AYI	A	-0.13%
NHC	B	-0.13%
CPNG	C	-0.13%
TTEK	D	-0.13%
MEDP	D	-0.13%
LNW	D	-0.12%
RUN	F	-0.12%
VIRT	A	-0.12%
CASY	B	-0.12%
ATI	D	-0.12%
HRB	D	-0.12%
DTM	A	-0.12%
NVR	D	-0.12%
BV	C	-0.12%
BGC	B	-0.12%
NR	D	-0.11%
BAC	A	-0.11%
HCC	B	-0.11%
MATX	B	-0.11%
ETN	A	-0.11%
TDS	B	-0.11%
BFH	A	-0.11%
PRI	A	-0.11%
IBCP	A	-0.11%
HASI	F	-0.11%
MTG	C	-0.11%
CPF	A	-0.11%
PRK	A	-0.11%
CBSH	A	-0.11%
SCS	B	-0.11%
ANNX	D	-0.11%
LTH	D	-0.1%
BAH	D	-0.1%
GAP	C	-0.1%
GBCI	A	-0.1%
WRB	A	-0.1%
PHIN	A	-0.1%
PRDO	B	-0.1%
ZIMV	F	-0.1%
UWMC	F	-0.1%
AMAL	B	-0.1%
BKU	A	-0.1%
FCNCA	A	-0.1%
NEU	C	-0.09%
WWD	B	-0.09%
PWR	A	-0.09%
GOGL	C	-0.09%
PNR	A	-0.09%
DOLE	D	-0.09%
GNK	C	-0.09%
BELFB	C	-0.09%
CNO	A	-0.09%
STBA	A	-0.09%
BLX	A	-0.08%
HEI	A	-0.08%
PFBC	A	-0.08%
OFG	B	-0.08%
RYAN	A	-0.08%
STNG	F	-0.08%
NBTB	A	-0.08%
NKTX	F	-0.08%
AM	A	-0.08%
GEO	A	-0.08%
CXW	B	-0.08%
WSO	A	-0.08%
PRM	C	-0.08%
TK	D	-0.08%
OMF	A	-0.08%
MTX	B	-0.08%
IBOC	A	-0.08%
AGIO	B	-0.07%
RGA	A	-0.07%
RDN	C	-0.07%
AOSL	F	-0.07%
USAP	B	-0.07%
HWM	A	-0.07%
ALLY	C	-0.07%
CNA	C	-0.07%
GCI	D	-0.07%
BRO	B	-0.07%
AIZ	A	-0.07%
CROX	F	-0.07%
WAL	A	-0.06%
USFD	B	-0.06%
EWBC	A	-0.06%
TYL	B	-0.06%
NMRK	B	-0.06%
TKO	C	-0.06%
NVRI	F	-0.06%
NUVB	C	-0.06%
IP	A	-0.06%
CBOE	D	-0.06%
VNDA	C	-0.05%
FBK	A	-0.05%
ACT	C	-0.05%
NTNX	A	-0.05%
IT	B	-0.05%
IFF	D	-0.05%
LEN	D	-0.05%
FNF	C	-0.05%
NBHC	A	-0.05%
SRCE	A	-0.05%
HRTG	C	-0.05%
SPB	C	-0.05%
SPOK	B	-0.04%
CNX	A	-0.04%
BALL	D	-0.04%
OLLI	D	-0.04%
TPL	A	-0.04%
TRMK	A	-0.04%
UVSP	A	-0.04%
APPF	C	-0.04%
FULT	A	-0.04%
GABC	A	-0.04%
RYAM	B	-0.04%
NWSA	B	-0.03%
MBWM	A	-0.03%
AIG	B	-0.03%
ITOS	F	-0.03%
MBIN	D	-0.03%
LOPE	B	-0.03%
GPI	A	-0.03%
UBER	C	-0.03%
SB	F	-0.03%
SAFT	A	-0.03%
SCVL	F	-0.03%
OC	A	-0.03%
M	C	-0.03%
TOWN	A	-0.03%
UHAL	D	-0.03%
INO	F	-0.03%
TGI	A	-0.03%
IMMR	F	-0.03%
PACK	C	-0.03%
FCF	A	-0.03%
GTES	B	-0.02%
WMB	A	-0.02%
DCO	A	-0.02%
INGN	B	-0.02%
ASC	F	-0.02%
DDS	B	-0.02%
BHE	B	-0.02%
PFGC	B	-0.02%
GBX	A	-0.02%
AA	A	-0.02%
CACI	C	-0.02%
JPM	A	-0.02%
AIOT	B	-0.02%
FNKO	D	-0.02%
KMPR	A	-0.02%
HUBB	B	-0.02%
MSA	D	-0.02%
QCRH	A	-0.02%
FHN	A	-0.02%
SCSC	B	-0.02%
ROST	D	-0.02%
AAON	A	-0.02%
BJ	B	-0.02%
EFSC	A	-0.02%
EXEL	B	-0.0%