VTWO vs. SAA ETF Comparison

Comparison of Vanguard Russell 2000 ETF (VTWO) to ProShares Ultra SmallCap600 (SAA)

VTWO

Vanguard Russell 2000 ETF

VTWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000® Index. The index is designed to measure the performance of small-capitalization 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

$95.60

Average Daily Volume

1,725,244

Number of Holdings ^*

1759

* may have additional holdings in another (foreign) market

SAA

ProShares Ultra SmallCap600

SAA Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.20

Average Daily Volume

9,108

Number of Holdings ^*

587

* may have additional holdings in another (foreign) market

Performance

Period	VTWO	SAA
30 Days	8.71%	16.38%
60 Days	14.13%	25.31%
90 Days	14.99%	25.05%
12 Months	41.19%	68.48%

541 Overlapping Holdings

	Symbol	Grade	Weight in VTWO	Weight in SAA	Overlap
	AAT	B	0.05%	0.07%	0.05%
	ABCB	B	0.15%	0.21%	0.15%
	ABG	B	0.18%	0.24%	0.18%
	ABM	B	0.12%	0.18%	0.12%
	ABR	B	0.11%	0.15%	0.11%
	ACA	B	0.17%	0.24%	0.17%
	ACIW	A	0.2%	0.27%	0.2%
	ACLS	F	0.13%	0.15%	0.13%
	ADMA	C	0.17%	0.25%	0.17%
	ADNT	F	0.07%	0.09%	0.07%
	ADUS	D	0.08%	0.12%	0.08%
	AEIS	B	0.14%	0.22%	0.14%
	AEO	F	0.15%	0.18%	0.15%
	AGYS	C	0.09%	0.12%	0.09%
	AHCO	F	0.04%	0.06%	0.04%
	AHH	D	0.03%	0.04%	0.03%
	AIN	D	0.1%	0.11%	0.1%
	AIR	F	0.08%	0.11%	0.08%
	AKR	B	0.09%	0.13%	0.09%
	ALEX	B	0.05%	0.07%	0.05%
	ALG	C	0.07%	0.1%	0.07%
	ALGT	C	0.03%	0.05%	0.03%
	ALKS	C	0.17%	0.23%	0.17%
	ALRM	C	0.1%	0.14%	0.1%
	AMBC	F	0.02%	0.03%	0.02%
	AMN	F	0.06%	0.07%	0.06%
	AMPH	D	0.07%	0.1%	0.07%
	AMR	D	0.1%	0.12%	0.1%
	AMSF	B	0.03%	0.05%	0.03%
	AMWD	B	0.05%	0.08%	0.05%
	ANDE	D	0.06%	0.08%	0.06%
	ANIP	F	0.04%	0.05%	0.04%
	AORT	B	0.04%	0.05%	0.04%
	AOSL	F	0.03%	0.04%	0.03%
	APAM	B	0.1%	0.16%	0.1%
	APLE	B	0.12%	0.17%	0.12%
	APOG	B	0.06%	0.09%	0.06%
	ARCB	C	0.09%	0.13%	0.09%
	ARCH	B	0.09%	0.14%	0.09%
	ARI	F	0.05%	0.06%	0.05%
	ARLO	C	0.04%	0.05%	0.04%
	AROC	B	0.12%	0.18%	0.12%
	ASIX	B	0.03%	0.04%	0.03%
	ASO	F	0.15%	0.19%	0.15%
	ASTE	C	0.03%	0.04%	0.03%
	ASTH	B	0.09%	0.12%	0.09%
	ATEN	B	0.04%	0.06%	0.04%
	ATGE	A	0.1%	0.16%	0.1%
	AUB	B	0.12%	0.18%	0.12%
	AVA	D	0.11%	0.15%	0.11%
	AVAV	B	0.19%	0.32%	0.19%
	AVNS	F	0.04%	0.05%	0.04%
	AWR	C	0.11%	0.16%	0.11%
	AX	B	0.13%	0.19%	0.13%
	AXL	D	0.03%	0.04%	0.03%
	AZZ	C	0.09%	0.12%	0.09%
	B	B	0.07%	0.11%	0.07%
	BANC	B	0.08%	0.11%	0.08%
	BANF	B	0.08%	0.11%	0.08%
	BANR	B	0.08%	0.12%	0.08%
	BCC	B	0.2%	0.28%	0.2%
	BCPC	B	0.21%	0.29%	0.21%
	BDN	C	0.03%	0.05%	0.03%
	BFH	B	0.09%	0.13%	0.09%
	BFS	B	0.02%	0.02%	0.02%
	BGC	A	0.12%	0.2%	0.12%
	BGS	F	0.03%	0.04%	0.03%
	BHE	B	0.06%	0.09%	0.06%
	BHLB	B	0.04%	0.06%	0.04%
	BJRI	C	0.02%	0.04%	0.02%
	BKE	B	0.05%	0.07%	0.05%
	BKU	B	0.1%	0.14%	0.1%
	BL	C	0.12%	0.15%	0.12%
	BLFS	B	0.03%	0.05%	0.03%
	BLMN	D	0.05%	0.07%	0.05%
	BMI	C	0.24%	0.31%	0.24%
	BOH	B	0.09%	0.15%	0.09%
	BOOT	D	0.18%	0.2%	0.18%
	BOX	B	0.17%	0.25%	0.17%
	BRKL	B	0.03%	0.05%	0.03%
	BSIG	B	0.03%	0.04%	0.03%
	BTU	B	0.12%	0.18%	0.12%
	BXMT	B	0.12%	0.17%	0.12%
	CABO	C	0.07%	0.09%	0.07%
	CAKE	B	0.07%	0.11%	0.07%
	CAL	F	0.04%	0.05%	0.04%
	CALM	B	0.11%	0.19%	0.11%
	CALX	F	0.08%	0.11%	0.08%
	CARG	B	0.1%	0.14%	0.1%
	CARS	D	0.04%	0.05%	0.04%
	CASH	B	0.06%	0.09%	0.06%
	CATY	B	0.11%	0.18%	0.11%
	CBRL	C	0.04%	0.06%	0.04%
	CBU	B	0.11%	0.17%	0.11%
	CCOI	B	0.12%	0.18%	0.12%
	CCS	F	0.11%	0.13%	0.11%
	CEIX	A	0.11%	0.16%	0.11%
	CENT	D	0.01%	0.02%	0.01%
	CENTA	D	0.06%	0.08%	0.06%
	CENX	B	0.03%	0.05%	0.03%
	CEVA	B	0.02%	0.03%	0.02%
	CFFN	B	0.03%	0.04%	0.03%
	CHCO	B	0.06%	0.09%	0.06%
	CHEF	C	0.05%	0.07%	0.05%
	CLB	C	0.03%	0.05%	0.03%
	CLW	F	0.02%	0.02%	0.02%
	CNK	A	0.11%	0.17%	0.11%
	CNMD	C	0.08%	0.11%	0.08%
	CNS	B	0.1%	0.14%	0.1%
	CNSL	A	0.01%	0.02%	0.01%
	CNXN	C	0.03%	0.04%	0.03%
	COHU	C	0.04%	0.07%	0.04%
	COLL	F	0.05%	0.06%	0.05%
	COOP	B	0.22%	0.3%	0.22%
	CORT	B	0.14%	0.23%	0.14%
	CPF	B	0.03%	0.04%	0.03%
	CPK	C	0.1%	0.14%	0.1%
	CPRX	B	0.08%	0.13%	0.08%
	CRC	B	0.13%	0.19%	0.13%
	CRGY	A	0.06%	0.1%	0.06%
	CRK	A	0.04%	0.05%	0.04%
	CRS	B	0.28%	0.41%	0.28%
	CRSR	D	0.01%	0.02%	0.01%
	CRVL	B	0.11%	0.14%	0.11%
	CSGS	B	0.05%	0.07%	0.05%
	CSR	C	0.04%	0.05%	0.04%
	CSWI	A	0.22%	0.32%	0.22%
	CTKB	C	0.02%	0.03%	0.02%
	CTRE	C	0.16%	0.26%	0.16%
	CTS	B	0.05%	0.08%	0.05%
	CUBI	C	0.05%	0.07%	0.05%
	CVBF	B	0.09%	0.13%	0.09%
	CVCO	B	0.13%	0.19%	0.13%
	CVI	F	0.03%	0.03%	0.03%
	CWK	B	0.11%	0.16%	0.11%
	CWT	D	0.12%	0.16%	0.12%
	CXM	D	0.04%	0.05%	0.04%
	CXW	B	0.05%	0.08%	0.05%
	DAN	F	0.05%	0.05%	0.05%
	DCOM	B	0.04%	0.06%	0.04%
	DEA	C	0.05%	0.07%	0.05%
	DEI	B	0.1%	0.16%	0.1%
	DFIN	F	0.06%	0.08%	0.06%
	DGII	B	0.04%	0.06%	0.04%
	DIOD	D	0.11%	0.15%	0.11%
	DLX	B	0.03%	0.04%	0.03%
	DNOW	C	0.05%	0.07%	0.05%
	DOCN	D	0.1%	0.14%	0.1%
	DORM	B	0.11%	0.18%	0.11%
	DRH	B	0.07%	0.09%	0.07%
	DVAX	C	0.05%	0.08%	0.05%
	DXPE	B	0.02%	0.03%	0.02%
	DY	D	0.21%	0.27%	0.21%
	EAT	B	0.12%	0.25%	0.12%
	ECPG	B	0.04%	0.06%	0.04%
	EFC	D	0.04%	0.05%	0.04%
	EGBN	B	0.02%	0.04%	0.02%
	EIG	B	0.04%	0.06%	0.04%
	ELME	D	0.06%	0.08%	0.06%
	EMBC	C	0.03%	0.04%	0.03%
	ENR	B	0.08%	0.11%	0.08%
	ENV	C	0.12%	0.17%	0.12%
	ENVA	B	0.08%	0.12%	0.08%
	EPAC	B	0.08%	0.13%	0.08%
	EPC	D	0.07%	0.09%	0.07%
	EPRT	D	0.22%	0.29%	0.22%
	ESE	B	0.12%	0.17%	0.12%
	ETD	F	0.03%	0.03%	0.03%
	EVTC	D	0.08%	0.11%	0.08%
	EXPI	C	0.04%	0.06%	0.04%
	EXTR	B	0.07%	0.1%	0.07%
	EYE	D	0.03%	0.05%	0.03%
	FBK	B	0.06%	0.09%	0.06%
	FBNC	B	0.06%	0.09%	0.06%
	FBP	C	0.13%	0.17%	0.13%
	FBRT	B	0.04%	0.06%	0.04%
	FCF	B	0.06%	0.09%	0.06%
	FCPT	D	0.1%	0.13%	0.1%
	FDP	B	0.04%	0.06%	0.04%
	FELE	C	0.17%	0.2%	0.17%
	FFBC	B	0.09%	0.13%	0.09%
	FIZZ	B	0.04%	0.06%	0.04%
	FL	F	0.08%	0.1%	0.08%
	FLGT	C	0.02%	0.02%	0.02%
	FORM	F	0.13%	0.16%	0.13%
	FOXF	F	0.06%	0.08%	0.06%
	FSS	D	0.21%	0.27%	0.21%
	FTDR	B	0.14%	0.2%	0.14%
	FUL	D	0.16%	0.21%	0.16%
	FULT	B	0.12%	0.17%	0.12%
	FWRD	C	0.03%	0.03%	0.03%
	GBX	B	0.06%	0.1%	0.06%
	GDEN	F	0.02%	0.03%	0.02%
	GDOT	B	0.02%	0.03%	0.02%
	GEO	A	0.06%	0.1%	0.06%
	GFF	C	0.1%	0.14%	0.1%
	GIII	B	0.05%	0.06%	0.05%
	GKOS	B	0.23%	0.38%	0.23%
	GMS	B	0.13%	0.19%	0.13%
	GNL	D	0.06%	0.08%	0.06%
	GNW	C	0.11%	0.15%	0.11%
	GOGO	C	0.02%	0.02%	0.02%
	GPI	B	0.19%	0.25%	0.19%
	GPRE	F	0.03%	0.04%	0.03%
	GRBK	D	0.1%	0.11%	0.1%
	GSHD	B	0.07%	0.14%	0.07%
	GTY	C	0.06%	0.08%	0.06%
	GVA	B	0.13%	0.2%	0.13%
	HAFC	B	0.02%	0.04%	0.02%
	HAIN	D	0.03%	0.04%	0.03%
	HASI	C	0.14%	0.21%	0.14%
	HAYN	A	0.03%	0.04%	0.03%
	HBI	B	0.1%	0.13%	0.1%
	HCC	A	0.12%	0.18%	0.12%
	HCI	B	0.03%	0.05%	0.03%
	HCSG	B	0.03%	0.04%	0.03%
	HELE	D	0.05%	0.08%	0.05%
	HFWA	B	0.03%	0.04%	0.03%
	HI	C	0.07%	0.1%	0.07%
	HIMS	B	0.13%	0.21%	0.13%
	HLIT	F	0.06%	0.07%	0.06%
	HLX	D	0.06%	0.07%	0.06%
	HMN	B	0.05%	0.08%	0.05%
	HNI	B	0.09%	0.12%	0.09%
	HOPE	B	0.05%	0.08%	0.05%
	HP	C	0.11%	0.17%	0.11%
	HPP	F	0.02%	0.03%	0.02%
	HRMY	D	0.04%	0.05%	0.04%
	HSII	B	0.03%	0.04%	0.03%
	HSTM	A	0.03%	0.04%	0.03%
	HTH	C	0.05%	0.07%	0.05%
	HTLD	C	0.02%	0.02%	0.02%
	HTZ	F	0.01%	0.02%	0.01%
	HUBG	B	0.1%	0.14%	0.1%
	HWKN	D	0.09%	0.11%	0.09%
	HZO	C	0.03%	0.03%	0.03%
	IART	C	0.05%	0.07%	0.05%
	IBP	F	0.22%	0.27%	0.22%
	IBTX	B	0.08%	0.11%	0.08%
	ICHR	C	0.04%	0.05%	0.04%
	ICUI	C	0.14%	0.22%	0.14%
	IDCC	A	0.13%	0.22%	0.13%
	IIIN	F	0.02%	0.03%	0.02%
	IIPR	D	0.14%	0.19%	0.14%
	INDB	B	0.09%	0.14%	0.09%
	INN	D	0.03%	0.04%	0.03%
	INVA	B	0.04%	0.06%	0.04%
	IOSP	B	0.1%	0.14%	0.1%
	IPAR	C	0.09%	0.12%	0.09%
	IRWD	D	0.02%	0.03%	0.02%
	ITGR	A	0.16%	0.22%	0.16%
	ITRI	A	0.18%	0.27%	0.18%
	JACK	D	0.03%	0.05%	0.03%
	JBGS	D	0.05%	0.08%	0.05%
	JBLU	F	0.08%	0.09%	0.08%
	JBSS	F	0.03%	0.04%	0.03%
	JBT	B	0.11%	0.19%	0.11%
	JJSF	B	0.1%	0.14%	0.1%
	JOE	F	0.08%	0.1%	0.08%
	JXN	B	0.26%	0.39%	0.26%
	KALU	C	0.04%	0.06%	0.04%
	KAR	B	0.07%	0.09%	0.07%
	KELYA	F	0.02%	0.03%	0.02%
	KFY	B	0.14%	0.2%	0.14%
	KLG	C	0.04%	0.06%	0.04%
	KLIC	C	0.09%	0.13%	0.09%
	KMT	B	0.08%	0.11%	0.08%
	KN	B	0.06%	0.08%	0.06%
	KOP	D	0.03%	0.04%	0.03%
	KREF	C	0.03%	0.04%	0.03%
	KRYS	C	0.17%	0.24%	0.17%
	KTB	A	0.17%	0.22%	0.17%
	KW	B	0.05%	0.07%	0.05%
	KWR	D	0.09%	0.12%	0.09%
	LBRT	F	0.11%	0.15%	0.11%
	LCII	D	0.11%	0.15%	0.11%
	LESL	D	0.02%	0.03%	0.02%
	LGIH	D	0.09%	0.11%	0.09%
	LGND	A	0.06%	0.11%	0.06%
	LKFN	B	0.06%	0.09%	0.06%
	LMAT	B	0.07%	0.1%	0.07%
	LNN	B	0.05%	0.07%	0.05%
	LPG	F	0.05%	0.06%	0.05%
	LQDT	B	0.02%	0.03%	0.02%
	LRN	A	0.13%	0.21%	0.13%
	LTC	B	0.06%	0.09%	0.06%
	LUMN	B	0.26%	0.38%	0.26%
	LXP	D	0.11%	0.14%	0.11%
	LZB	C	0.07%	0.09%	0.07%
	MAC	B	0.15%	0.21%	0.15%
	MARA	C	0.16%	0.25%	0.16%
	MATV	F	0.03%	0.04%	0.03%
	MATW	C	0.03%	0.04%	0.03%
	MATX	B	0.18%	0.27%	0.18%
	MC	B	0.18%	0.25%	0.18%
	MCRI	B	0.04%	0.05%	0.04%
	MCW	B	0.02%	0.04%	0.02%
	MCY	B	0.06%	0.09%	0.06%
	MD	B	0.04%	0.07%	0.04%
	MGEE	A	0.12%	0.17%	0.12%
	MGPI	F	0.04%	0.03%	0.03%
	MGY	B	0.16%	0.25%	0.16%
	MHO	C	0.17%	0.22%	0.17%
	MLAB	D	0.02%	0.03%	0.02%
	MLI	B	0.3%	0.49%	0.3%
	MLKN	F	0.06%	0.08%	0.06%
	MMI	B	0.03%	0.05%	0.03%
	MMSI	A	0.21%	0.3%	0.21%
	MNRO	B	0.03%	0.04%	0.03%
	MODG	F	0.06%	0.07%	0.06%
	MOG.A	B	0.21%	0.29%	0.21%
	MRCY	C	0.07%	0.09%	0.07%
	MRTN	C	0.04%	0.05%	0.04%
	MSEX	B	0.04%	0.06%	0.04%
	MTH	D	0.27%	0.35%	0.27%
	MTRN	C	0.08%	0.12%	0.08%
	MTUS	D	0.02%	0.03%	0.02%
	MTX	B	0.09%	0.13%	0.09%
	MXL	C	0.04%	0.05%	0.04%
	MYE	F	0.02%	0.02%	0.02%
	MYGN	F	0.09%	0.09%	0.09%
	MYRG	C	0.06%	0.11%	0.06%
	NABL	F	0.03%	0.05%	0.03%
	NARI	C	0.08%	0.13%	0.08%
	NATL	C	0.08%	0.1%	0.08%
	NAVI	F	0.05%	0.06%	0.05%
	NBHC	B	0.06%	0.09%	0.06%
	NBR	C	0.02%	0.03%	0.02%
	NBTB	B	0.07%	0.11%	0.07%
	NEO	C	0.07%	0.09%	0.07%
	NGVT	C	0.05%	0.08%	0.05%
	NHC	C	0.06%	0.08%	0.06%
	NMIH	D	0.12%	0.16%	0.12%
	NOG	B	0.13%	0.19%	0.13%
	NPK	D	0.01%	0.02%	0.01%
	NPO	C	0.13%	0.16%	0.13%
	NSIT	F	0.22%	0.26%	0.22%
	NTCT	B	0.06%	0.08%	0.06%
	NVEE	B	0.05%	0.06%	0.05%
	NVRI	F	0.03%	0.03%	0.03%
	NWBI	B	0.06%	0.09%	0.06%
	NWN	C	0.06%	0.08%	0.06%
	NX	C	0.05%	0.07%	0.05%
	NXRT	C	0.04%	0.05%	0.04%
	ODP	F	0.04%	0.06%	0.04%
	OFG	C	0.08%	0.1%	0.08%
	OI	D	0.07%	0.09%	0.07%
	OII	B	0.09%	0.13%	0.09%
	OMCL	B	0.07%	0.12%	0.07%
	OMI	F	0.04%	0.05%	0.04%
	OSIS	C	0.09%	0.11%	0.09%
	OTTR	C	0.12%	0.17%	0.12%
	OUT	C	0.1%	0.13%	0.1%
	OXM	F	0.05%	0.06%	0.05%
	PAHC	B	0.02%	0.03%	0.02%
	PARR	F	0.04%	0.05%	0.04%
	PATK	D	0.11%	0.14%	0.11%
	PAYO	A	0.08%	0.11%	0.08%
	PBH	B	0.13%	0.19%	0.13%
	PBI	A	0.04%	0.06%	0.04%
	PCRX	D	0.03%	0.04%	0.03%
	PDCO	C	0.06%	0.09%	0.06%
	PDFS	D	0.04%	0.05%	0.04%
	PEB	D	0.06%	0.08%	0.06%
	PECO	B	0.17%	0.25%	0.17%
	PFBC	B	0.04%	0.05%	0.04%
	PFS	B	0.09%	0.13%	0.09%
	PGNY	F	0.05%	0.06%	0.05%
	PHIN	B	0.07%	0.11%	0.07%
	PI	C	0.18%	0.23%	0.18%
	PIPR	B	0.18%	0.24%	0.18%
	PJT	B	0.12%	0.18%	0.12%
	PLAB	C	0.06%	0.08%	0.06%
	PLAY	C	0.04%	0.06%	0.04%
	PLMR	C	0.09%	0.12%	0.09%
	PLUS	C	0.1%	0.13%	0.1%
	PLXS	B	0.14%	0.21%	0.14%
	PMT	D	0.05%	0.06%	0.05%
	POWL	B	0.08%	0.14%	0.08%
	PPBI	B	0.09%	0.13%	0.09%
	PRA	B	0.03%	0.04%	0.03%
	PRAA	C	0.03%	0.04%	0.03%
	PRDO	B	0.05%	0.07%	0.05%
	PRG	C	0.07%	0.1%	0.07%
	PRGS	A	0.11%	0.15%	0.11%
	PRK	B	0.09%	0.13%	0.09%
	PRLB	B	0.03%	0.05%	0.03%
	PRVA	B	0.07%	0.1%	0.07%
	PSMT	C	0.08%	0.11%	0.08%
	PTEN	D	0.11%	0.14%	0.11%
	PTGX	B	0.1%	0.15%	0.1%
	PUMP	D	0.02%	0.03%	0.02%
	PZZA	C	0.07%	0.1%	0.07%
	QNST	C	0.04%	0.06%	0.04%
	RAMP	C	0.06%	0.09%	0.06%
	RC	F	0.05%	0.06%	0.05%
	RCUS	D	0.03%	0.04%	0.03%
	RDN	D	0.19%	0.25%	0.19%
	RDNT	B	0.17%	0.23%	0.17%
	RES	F	0.02%	0.02%	0.02%
	REX	C	0.03%	0.04%	0.03%
	REZI	B	0.11%	0.15%	0.11%
	RGNX	D	0.02%	0.02%	0.02%
	RGR	F	0.03%	0.04%	0.03%
	RNST	B	0.07%	0.11%	0.07%
	ROCK	D	0.08%	0.11%	0.08%
	ROG	C	0.08%	0.09%	0.08%
	ROIC	A	0.07%	0.11%	0.07%
	RUN	F	0.14%	0.17%	0.14%
	RUSHA	B	0.12%	0.19%	0.12%
	RWT	D	0.04%	0.05%	0.04%
	RXO	C	0.14%	0.2%	0.14%
	SABR	C	0.05%	0.06%	0.05%
	SAFT	C	0.04%	0.06%	0.04%
	SAH	B	0.03%	0.04%	0.03%
	SANM	B	0.14%	0.21%	0.14%
	SATS	C	0.11%	0.16%	0.11%
	SBCF	B	0.08%	0.12%	0.08%
	SBH	C	0.05%	0.07%	0.05%
	SBSI	C	0.04%	0.05%	0.04%
	SCHL	F	0.03%	0.03%	0.03%
	SCL	D	0.06%	0.08%	0.06%
	SCSC	C	0.04%	0.05%	0.04%
	SCVL	D	0.03%	0.03%	0.03%
	SDGR	D	0.04%	0.05%	0.04%
	SEM	B	0.14%	0.2%	0.14%
	SFBS	B	0.15%	0.22%	0.15%
	SFNC	B	0.1%	0.16%	0.1%
	SHAK	B	0.14%	0.26%	0.14%
	SHEN	F	0.03%	0.03%	0.03%
	SHO	B	0.08%	0.11%	0.08%
	SHOO	D	0.13%	0.17%	0.13%
	SIG	B	0.16%	0.22%	0.16%
	SITM	A	0.12%	0.17%	0.12%
	SJW	F	0.07%	0.09%	0.07%
	SKT	A	0.13%	0.19%	0.13%
	SKYW	B	0.12%	0.22%	0.12%
	SLG	A	0.17%	0.26%	0.17%
	SLP	F	0.02%	0.02%	0.02%
	SLVM	B	0.11%	0.15%	0.11%
	SM	C	0.17%	0.24%	0.17%
	SMP	C	0.03%	0.04%	0.03%
	SMPL	C	0.12%	0.16%	0.12%
	SMTC	A	0.11%	0.18%	0.11%
	SNCY	C	0.02%	0.03%	0.02%
	SNEX	B	0.08%	0.14%	0.08%
	SONO	C	0.06%	0.08%	0.06%
	SPNT	D	0.05%	0.07%	0.05%
	SPSC	F	0.27%	0.33%	0.27%
	SPTN	F	0.03%	0.04%	0.03%
	SSTK	D	0.03%	0.04%	0.03%
	STAA	F	0.07%	0.07%	0.07%
	STBA	C	0.06%	0.08%	0.06%
	STC	D	0.07%	0.1%	0.07%
	STEP	B	0.13%	0.2%	0.13%
	STRA	D	0.08%	0.11%	0.08%
	SUPN	B	0.06%	0.1%	0.06%
	SVC	F	0.03%	0.03%	0.03%
	SWI	B	0.03%	0.04%	0.03%
	SXC	B	0.03%	0.04%	0.03%
	SXI	B	0.08%	0.11%	0.08%
	SXT	B	0.12%	0.17%	0.12%
	TALO	D	0.06%	0.07%	0.06%
	TBBK	C	0.1%	0.13%	0.1%
	TDS	B	0.08%	0.14%	0.08%
	TDW	F	0.13%	0.15%	0.13%
	TFIN	B	0.06%	0.1%	0.06%
	TGI	C	0.03%	0.06%	0.03%
	TGNA	B	0.1%	0.14%	0.1%
	TGTX	B	0.12%	0.19%	0.12%
	THRM	F	0.05%	0.07%	0.05%
	THRY	F	0.02%	0.03%	0.02%
	THS	F	0.07%	0.09%	0.07%
	TILE	B	0.04%	0.07%	0.04%
	TMDX	F	0.19%	0.15%	0.15%
	TMP	B	0.03%	0.04%	0.03%
	TNC	F	0.07%	0.08%	0.07%
	TNDM	F	0.1%	0.11%	0.1%
	TPH	D	0.15%	0.2%	0.15%
	TRMK	B	0.07%	0.11%	0.07%
	TRN	B	0.1%	0.14%	0.1%
	TRST	B	0.02%	0.03%	0.02%
	TRUP	C	0.05%	0.1%	0.05%
	TTGT	C	0.02%	0.04%	0.02%
	TTMI	A	0.07%	0.12%	0.07%
	TWI	F	0.01%	0.02%	0.01%
	UCB	B	0.13%	0.18%	0.13%
	UCTT	D	0.06%	0.08%	0.06%
	UE	B	0.1%	0.14%	0.1%
	UFCS	B	0.02%	0.02%	0.02%
	UFPT	C	0.08%	0.11%	0.08%
	UHT	D	0.02%	0.03%	0.02%
	UNF	C	0.11%	0.14%	0.11%
	UNFI	B	0.04%	0.06%	0.04%
	UNIT	B	0.05%	0.07%	0.05%
	UPBD	C	0.06%	0.08%	0.06%
	URBN	D	0.09%	0.11%	0.09%
	USNA	C	0.02%	0.02%	0.02%
	USPH	C	0.05%	0.06%	0.05%
	UTL	D	0.04%	0.05%	0.04%
	UVV	C	0.05%	0.07%	0.05%
	VBTX	B	0.05%	0.08%	0.05%
	VCEL	B	0.08%	0.11%	0.08%
	VECO	F	0.07%	0.09%	0.07%
	VIAV	B	0.07%	0.12%	0.07%
	VICR	B	0.04%	0.06%	0.04%
	VIR	C	0.02%	0.04%	0.02%
	VRE	B	0.05%	0.07%	0.05%
	VRRM	F	0.17%	0.2%	0.17%
	VRTS	B	0.05%	0.08%	0.05%
	VSAT	F	0.05%	0.04%	0.04%
	VSCO	A	0.07%	0.13%	0.07%
	VSTO	A	0.08%	0.14%	0.08%
	VTLE	D	0.03%	0.04%	0.03%
	VTOL	C	0.03%	0.04%	0.03%
	VVI	B	0.03%	0.04%	0.03%
	VYX	C	0.07%	0.1%	0.07%
	WABC	B	0.05%	0.07%	0.05%
	WAFD	C	0.09%	0.14%	0.09%
	WD	B	0.13%	0.18%	0.13%
	WDFC	B	0.13%	0.19%	0.13%
	WERN	B	0.09%	0.12%	0.09%
	WGO	C	0.06%	0.09%	0.06%
	WHD	B	0.14%	0.21%	0.14%
	WKC	D	0.07%	0.08%	0.07%
	WNC	D	0.03%	0.04%	0.03%
	WOR	D	0.05%	0.06%	0.05%
	WRLD	C	0.01%	0.02%	0.01%
	WS	B	0.04%	0.07%	0.04%
	WSFS	B	0.11%	0.16%	0.11%
	WSR	B	0.02%	0.03%	0.02%
	WT	B	0.05%	0.06%	0.05%
	WWW	A	0.05%	0.07%	0.05%
	XHR	B	0.06%	0.08%	0.06%
	XNCR	C	0.04%	0.07%	0.04%
	XPEL	D	0.04%	0.05%	0.04%
	XRX	F	0.04%	0.05%	0.04%
	YELP	C	0.08%	0.12%	0.08%
	YOU	D	0.11%	0.18%	0.11%
	ZD	C	0.08%	0.11%	0.08%
	ZWS	B	0.19%	0.28%	0.19%

VTWO Overweight 1218 Positions Relative to SAA

	Symbol	Grade	Weight
	PCVX	D	0.5%
	INSM	D	0.42%
	SFM	A	0.41%
	FN	B	0.32%
	AIT	B	0.31%
	FLR	B	0.3%
	UFPI	C	0.29%
	ENSG	C	0.29%
	LNTH	D	0.28%
	SSB	B	0.27%
	ANF	F	0.26%
	HALO	C	0.26%
	TMHC	A	0.26%
	ESNT	F	0.25%
	CVLT	A	0.25%
	MOD	C	0.25%
	RVMD	B	0.25%
	HQY	B	0.25%
	NOVT	B	0.24%
	HLNE	B	0.24%
	VRNS	D	0.23%
	RHP	B	0.23%
	CMC	B	0.23%
	TRNO	F	0.23%
	ONB	B	0.22%
	EXLS	A	0.22%
	CYTK	D	0.22%
	CBT	A	0.22%
	CWST	C	0.22%
	WTS	C	0.21%
	SIGI	B	0.21%
	MMS	C	0.21%
	CHX	D	0.21%
	KBH	D	0.21%
	KRG	B	0.21%
	CADE	B	0.21%
	BPMC	C	0.21%
	EXPO	D	0.21%
	ZETA	A	0.2%
	GTLS	B	0.2%
	OPCH	F	0.2%
	ALTR	C	0.2%
	BECN	B	0.2%
	AUR	C	0.2%
	KNF	B	0.19%
	SKY	C	0.19%
	HOMB	B	0.19%
	BCO	D	0.19%
	GBCI	B	0.19%
	QLYS	C	0.18%
	TENB	D	0.18%
	FFIN	B	0.18%
	CNX	A	0.18%
	POR	D	0.18%
	MUR	F	0.18%
	UBSI	B	0.18%
	RNA	B	0.18%
	AVNT	B	0.17%
	RMBS	C	0.17%
	IRT	C	0.17%
	NJR	C	0.17%
	QTWO	B	0.17%
	UMBF	B	0.17%
	SUM	B	0.17%
	GATX	B	0.17%
	BDC	B	0.17%
	SBRA	B	0.16%
	STRL	A	0.16%
	HWC	B	0.16%
	HRI	B	0.16%
	SWX	B	0.16%
	CRDO	A	0.15%
	KAI	B	0.15%
	CRNX	B	0.15%
	PRMW	C	0.15%
	WK	C	0.15%
	HAE	C	0.15%
	ESGR	B	0.15%
	ENS	F	0.15%
	OSCR	F	0.15%
	ORA	A	0.15%
	OGS	C	0.15%
	BKH	D	0.15%
	ASGN	B	0.15%
	CNO	B	0.14%
	SLAB	D	0.14%
	ALE	A	0.14%
	MDGL	B	0.14%
	SR	D	0.14%
	CWAN	B	0.14%
	VLY	B	0.14%
	HL	D	0.14%
	PNM	B	0.14%
	CDP	C	0.13%
	KTOS	B	0.13%
	LANC	B	0.13%
	NPAB	F	0.13%
	BLKB	C	0.13%
	VAL	F	0.13%
	SGBX	F	0.13%
	NHI	D	0.13%
	TEX	C	0.13%
	NWE	D	0.13%
	NUVL	D	0.13%
	AXNX	A	0.13%
	BNL	D	0.13%
	PCH	D	0.13%
	BBIO	F	0.13%
	ACLX	A	0.13%
	DNLI	C	0.13%
	POWI	C	0.13%
	GLNG	B	0.13%
	NEOG	C	0.13%
	FOLD	D	0.12%
	ALIT	D	0.12%
	NSP	F	0.12%
	EBC	B	0.12%
	PBF	F	0.12%
	STNE	F	0.12%
	CBZ	B	0.12%
	ASB	B	0.12%
	IBOC	B	0.12%
	EVH	F	0.12%
	AXSM	C	0.12%
	TCBI	B	0.12%
	STNG	F	0.12%
	MWA	B	0.12%
	RKLB	B	0.12%
	PRCT	B	0.12%
	LIVN	C	0.11%
	RYTM	B	0.11%
	DYN	F	0.11%
	ROAD	B	0.11%
	ACVA	C	0.11%
	SYNA	D	0.11%
	PFSI	D	0.11%
	UPST	B	0.11%
	TNET	F	0.11%
	RIG	D	0.11%
	PRIM	A	0.11%
	ATKR	C	0.11%
	ICFI	C	0.11%
	TWST	C	0.1%
	VC	F	0.1%
	VCYT	B	0.1%
	PRFT	A	0.1%
	IDYA	F	0.1%
	GERN	D	0.1%
	BUR	C	0.1%
	RRR	C	0.1%
	HGV	C	0.1%
	GHC	B	0.1%
	GH	C	0.1%
	CDE	C	0.1%
	SQSP	A	0.1%
	PTCT	B	0.1%
	COMP	B	0.09%
	IRTC	C	0.09%
	TOWN	C	0.09%
	FRSH	C	0.09%
	IOVA	C	0.09%
	VSH	F	0.09%
	HTLF	B	0.09%
	IGT	D	0.09%
	FIBK	B	0.09%
	RPD	C	0.09%
	SGRY	D	0.09%
	UEC	B	0.09%
	AGIO	A	0.09%
	GT	C	0.09%
	MGRC	B	0.09%
	AI	C	0.08%
	NMRK	B	0.08%
	INSW	F	0.08%
	VERX	B	0.08%
	BE	D	0.08%
	EQC	C	0.08%
	KYMR	B	0.08%
	CSTM	F	0.08%
	RIOT	C	0.08%
	BRZE	D	0.08%
	CLSK	C	0.08%
	AMBA	B	0.08%
	FRME	B	0.08%
	VGR	B	0.08%
	CLDX	F	0.08%
	SWTX	F	0.08%
	MIR	B	0.08%
	LAUR	A	0.08%
	DBRG	F	0.08%
	VCTR	B	0.08%
	MQ	F	0.08%
	ARWR	D	0.08%
	RXST	D	0.07%
	NVAX	F	0.07%
	PRM	B	0.07%
	ACAD	D	0.07%
	GOLF	C	0.07%
	INTA	A	0.07%
	BEAM	D	0.07%
	KOS	F	0.07%
	PAR	A	0.07%
	EFSC	B	0.07%
	HURN	B	0.07%
	SMMT	C	0.07%
	IVT	A	0.07%
	EWTX	B	0.07%
	AKRO	B	0.07%
	GPOR	C	0.07%
	FLYW	C	0.07%
	NTLA	F	0.07%
	JOBY	F	0.07%
	SKWD	B	0.06%
	MIRM	C	0.06%
	AMC	F	0.06%
	BLBD	F	0.06%
	TGLS	C	0.06%
	VRNT	F	0.06%
	TDOC	D	0.06%
	RXRX	D	0.06%
	HEES	B	0.06%
	BCRX	C	0.06%
	GEF	B	0.06%
	CDNA	D	0.06%
	SNDX	C	0.06%
	ARVN	C	0.06%
	HLIO	B	0.06%
	SYBT	B	0.06%
	HE	D	0.06%
	PTON	B	0.06%
	ARDX	D	0.06%
	NNI	B	0.06%
	ASPN	F	0.06%
	PAGS	F	0.06%
	GOGL	D	0.06%
	XPRO	F	0.06%
	LOB	C	0.06%
	IESC	B	0.06%
	IMVT	D	0.06%
	OSW	A	0.06%
	NVCR	C	0.06%
	MNKD	B	0.06%
	PLUG	F	0.06%
	KROS	B	0.06%
	WSBC	B	0.06%
	NTB	B	0.06%
	PD	C	0.06%
	AGM	B	0.06%
	VERA	B	0.06%
	KNTK	B	0.06%
	TROX	F	0.06%
	WLY	B	0.06%
	MGNI	C	0.06%
	CGON	C	0.06%
	OPEN	F	0.05%
	PDM	B	0.05%
	SCS	C	0.05%
	LC	B	0.05%
	AGX	B	0.05%
	PHR	F	0.05%
	NIC	B	0.05%
	JANX	C	0.05%
	UMH	D	0.05%
	NTST	F	0.05%
	AIV	D	0.05%
	COMM	D	0.05%
	BKD	F	0.05%
	UPWK	B	0.05%
	VSEC	B	0.05%
	LADR	C	0.05%
	AMRX	C	0.05%
	ATRC	C	0.05%
	INMD	C	0.05%
	OCUL	C	0.05%
	JELD	F	0.05%
	SOUN	C	0.05%
	TCBK	B	0.05%
	HROW	C	0.05%
	INFN	C	0.05%
	APPN	B	0.05%
	SFL	F	0.05%
	SASR	B	0.05%
	FLNC	D	0.05%
	BUSE	C	0.05%
	TNK	F	0.05%
	RLJ	D	0.05%
	ALKT	C	0.05%
	CMPR	F	0.05%
	JAMF	D	0.05%
	KURA	F	0.05%
	WRBY	B	0.05%
	VRDN	B	0.05%
	NSSC	F	0.05%
	ENVX	F	0.05%
	NRIX	B	0.05%
	JBI	F	0.05%
	SPT	D	0.05%
	REVG	C	0.05%
	LTH	C	0.05%
	RDFN	C	0.05%
	CODI	B	0.05%
	AESI	D	0.05%
	ESRT	C	0.05%
	DHT	F	0.05%
	SHLS	D	0.04%
	BBSI	A	0.04%
	IRON	C	0.04%
	APLD	C	0.04%
	LFST	C	0.04%
	FSLY	D	0.04%
	FBMS	B	0.04%
	ARQT	C	0.04%
	AUPH	C	0.04%
	ERII	A	0.04%
	CDRE	F	0.04%
	COGT	D	0.04%
	VZIO	B	0.04%
	THR	D	0.04%
	ARRY	F	0.04%
	FA	D	0.04%
	DFH	F	0.04%
	BZH	C	0.04%
	HOV	D	0.04%
	WTTR	B	0.04%
	PNTG	D	0.04%
	CMCO	D	0.04%
	OEC	F	0.04%
	CWH	C	0.04%
	USLM	A	0.04%
	TVTX	C	0.04%
	ACMR	C	0.04%
	TRS	B	0.04%
	EVRI	A	0.04%
	PEBO	B	0.04%
	NOVA	F	0.04%
	ACT	D	0.04%
	OCFC	B	0.04%
	CNNE	B	0.04%
	MRC	B	0.04%
	LBPH	A	0.04%
	IMKTA	D	0.04%
	TRNS	F	0.04%
	COUR	F	0.04%
	WULF	B	0.04%
	SRCE	B	0.04%
	GABC	B	0.04%
	WINA	B	0.04%
	WMK	B	0.04%
	VITL	D	0.04%
	SPNS	B	0.04%
	KFRC	D	0.04%
	UTZ	F	0.04%
	CRAI	B	0.04%
	PCT	C	0.04%
	MSGE	B	0.04%
	TPC	B	0.04%
	ALHC	B	0.04%
	DK	F	0.04%
	SAVA	F	0.04%
	ZUO	B	0.04%
	TARS	B	0.04%
	AGL	F	0.04%
	QCRH	B	0.04%
	RCKT	F	0.04%
	AMRC	D	0.04%
	LILAK	D	0.04%
	DOLE	B	0.04%
	ZIP	C	0.03%
	IBUY	A	0.03%
	MBWM	B	0.03%
	GLDD	B	0.03%
	CIFR	C	0.03%
	MDXG	C	0.03%
	RLAY	F	0.03%
	ACHR	D	0.03%
	CDMO	B	0.03%
	UDMY	C	0.03%
	IE	C	0.03%
	PRTA	F	0.03%
	SPRY	B	0.03%
	HLF	C	0.03%
	DAWN	C	0.03%
	BRSP	C	0.03%
	YEXT	B	0.03%
	PTLO	C	0.03%
	HY	F	0.03%
	FCBC	B	0.03%
	EU	F	0.03%
	RPAY	C	0.03%
	CSTL	B	0.03%
	TPB	B	0.03%
	NAT	F	0.03%
	VMEO	B	0.03%
	ASC	F	0.03%
	IMNM	F	0.03%
	CFB	C	0.03%
	DESP	B	0.03%
	CTBI	B	0.03%
	CYH	D	0.03%
	XMTR	C	0.03%
	LMB	B	0.03%
	LEU	C	0.03%
	AMRK	F	0.03%
	FLNG	F	0.03%
	IAS	C	0.03%
	MBUU	C	0.03%
	GCI	B	0.03%
	ECVT	C	0.03%
	GDYN	B	0.03%
	MBIN	F	0.03%
	APLT	B	0.03%
	UVSP	B	0.03%
	GRC	B	0.03%
	RSI	B	0.03%
	GNK	D	0.03%
	AMSC	C	0.03%
	BHRB	B	0.03%
	CECO	D	0.03%
	ATSG	A	0.03%
	PFC	B	0.03%
	PETQ	A	0.03%
	FG	C	0.03%
	MEG	F	0.03%
	BY	B	0.03%
	LMND	B	0.03%
	PRO	C	0.03%
	BELFB	B	0.03%
	DRVN	A	0.03%
	CGEM	F	0.03%
	LGF.A	C	0.03%
	BLND	A	0.03%
	BXC	B	0.03%
	IMAX	B	0.03%
	FIGS	C	0.03%
	BLX	A	0.03%
	FMBH	B	0.03%
	BFC	B	0.03%
	DCO	C	0.03%
	EOLS	D	0.03%
	ELVN	B	0.03%
	ETWO	F	0.03%
	GSAT	C	0.03%
	CNOB	B	0.03%
	PGRE	C	0.03%
	PLYM	F	0.03%
	BV	B	0.03%
	DHC	F	0.03%
	MRVI	F	0.03%
	SMR	B	0.03%
	DNUT	C	0.03%
	ASAN	C	0.03%
	OBK	B	0.03%
	DX	C	0.03%
	RVLV	B	0.03%
	MNMD	C	0.02%
	DMRC	C	0.02%
	CLDT	C	0.02%
	BIGC	D	0.02%
	BALY	B	0.02%
	AURA	B	0.02%
	CMP	D	0.02%
	MOFG	B	0.02%
	NUVB	D	0.02%
	FUBO	F	0.02%
	BTBT	C	0.02%
	CTO	B	0.02%
	MEI	F	0.02%
	SHYF	C	0.02%
	CCSI	B	0.02%
	DHIL	C	0.02%
	WLFC	B	0.02%
	AVXL	C	0.02%
	LXU	C	0.02%
	SHBI	B	0.02%
	ZIMV	F	0.02%
	CTLP	B	0.02%
	CCRN	F	0.02%
	PFIS	B	0.02%
	BAND	C	0.02%
	NWPX	B	0.02%
	OLP	B	0.02%
	ALT	D	0.02%
	PX	B	0.02%
	STOK	C	0.02%
	BBW	C	0.02%
	LMNR	B	0.02%
	AGS	A	0.02%
	RUSHB	B	0.02%
	TWKS	C	0.02%
	CRMD	C	0.02%
	KIDS	F	0.02%
	CSV	B	0.02%
	KALV	F	0.02%
	MPB	B	0.02%
	BVS	D	0.02%
	ANET	A	0.02%
	KE	C	0.02%
	LYTS	A	0.02%
	INOD	B	0.02%
	NFBK	B	0.02%
	PGC	B	0.02%
	GIC	F	0.02%
	GTN	C	0.02%
	FPI	B	0.02%
	MSBI	B	0.02%
	ESQ	B	0.02%
	BHB	B	0.02%
	VREX	C	0.02%
	SMBK	B	0.02%
	FC	F	0.02%
	LGF.A	C	0.02%
	PACB	D	0.02%
	IBTA	C	0.02%
	QTRX	D	0.02%
	PTVE	D	0.02%
	ENFN	B	0.02%
	LAND	D	0.02%
	CLBK	B	0.02%
	CLFD	D	0.02%
	AIOT	B	0.02%
	AROW	B	0.02%
	FWRG	C	0.02%
	PL	B	0.02%
	TYRA	F	0.02%
	HCAT	C	0.02%
	DAKT	B	0.02%
	CVGW	B	0.02%
	OLMA	C	0.02%
	DIN	C	0.02%
	KRUS	C	0.02%
	ERAS	B	0.02%
	URGN	F	0.02%
	TERN	F	0.02%
	HUMA	F	0.02%
	GCMG	A	0.02%
	IIIV	B	0.02%
	YMAB	C	0.02%
	OPK	D	0.02%
	SVRA	D	0.02%
	RDUS	C	0.02%
	CCBG	B	0.02%
	LASR	B	0.02%
	CHCT	C	0.02%
	TIPT	B	0.02%
	GSBC	B	0.02%
	FSBC	B	0.02%
	CCNE	B	0.02%
	HONE	C	0.02%
	PKST	C	0.02%
	WEAV	B	0.02%
	HTBI	C	0.02%
	NRDS	B	0.02%
	THFF	B	0.02%
	NBN	B	0.02%
	TRTX	B	0.02%
	ACCO	B	0.02%
	INST	C	0.02%
	WLDN	C	0.02%
	OLO	C	0.02%
	ALX	D	0.02%
	TK	D	0.02%
	OFIX	B	0.02%
	EVER	F	0.02%
	AAOI	C	0.02%
	CLNE	C	0.02%
	UVE	C	0.02%
	ARCT	F	0.02%
	REAX	C	0.02%
	YORW	C	0.02%
	CHPT	F	0.02%
	SMBC	B	0.02%
	SRDX	D	0.02%
	MAX	F	0.02%
	RVNC	C	0.02%
	SGHC	B	0.02%
	RBCAA	B	0.02%
	WASH	B	0.02%
	FDMT	F	0.02%
	NEXT	C	0.02%
	SRRK	C	0.02%
	RYAM	B	0.02%
	FMNB	C	0.02%
	SANA	F	0.02%
	MLNK	B	0.02%
	SRCL	A	0.02%
	MCB	B	0.02%
	AVO	B	0.02%
	AMAL	B	0.02%
	ATRO	F	0.02%
	RYI	C	0.02%
	NNBR	F	0.02%
	ABUS	D	0.02%
	CASS	B	0.02%
	MCBS	B	0.02%
	ANNX	C	0.02%
	CCO	C	0.02%
	ARKO	C	0.02%
	SIBN	C	0.02%
	NTGR	B	0.02%
	SEMR	C	0.02%
	NR	C	0.02%
	CBL	B	0.02%
	ATEC	C	0.02%
	TREE	D	0.02%
	LQDA	C	0.02%
	IMXI	D	0.02%
	EQBK	B	0.02%
	HTBK	B	0.02%
	IDT	B	0.02%
	ADPT	B	0.02%
	SWBI	D	0.02%
	AXGN	D	0.02%
	EGY	F	0.02%
	ACEL	C	0.02%
	GMRE	D	0.02%
	CAC	B	0.02%
	CCB	B	0.02%
	STGW	C	0.02%
	PAX	C	0.02%
	BFST	B	0.02%
	BMBL	D	0.02%
	FOR	C	0.02%
	PHAT	B	0.02%
	ETNB	C	0.02%
	EBF	D	0.02%
	LPRO	C	0.02%
	PUBM	C	0.02%
	BASE	C	0.02%
	PLOW	D	0.02%
	ORIC	D	0.02%
	AMTB	B	0.02%
	OSPN	B	0.02%
	ARHS	F	0.02%
	CNDT	C	0.02%
	WVE	B	0.02%
	PLRX	C	0.02%
	CMTG	F	0.02%
	UTI	B	0.02%
	CHUY	B	0.02%
	GOOD	B	0.02%
	ANAB	F	0.02%
	INDI	F	0.02%
	BBUC	B	0.02%
	ORRF	B	0.02%
	REPL	B	0.02%
	IBCP	B	0.02%
	HCKT	B	0.02%
	HBNC	B	0.02%
	CMRE	C	0.02%
	DJCO	B	0.02%
	MLR	B	0.02%
	OSBC	B	0.02%
	STTK	F	0.01%
	JILL	D	0.01%
	QRHC	F	0.01%
	CLAR	C	0.01%
	BBCP	F	0.01%
	CADL	F	0.01%
	TWIN	D	0.01%
	VRA	D	0.01%
	ESCA	C	0.01%
	MDWD	D	0.01%
	HFFG	C	0.01%
	QUAD	B	0.01%
	BSVN	B	0.01%
	GWRS	B	0.01%
	STRS	C	0.01%
	BBAI	C	0.01%
	FF	B	0.01%
	RELL	B	0.01%
	FRGE	F	0.01%
	BTMD	D	0.01%
	ACDC	D	0.01%
	SMID	C	0.01%
	INO	F	0.01%
	VIRC	C	0.01%
	MFIN	B	0.01%
	RDW	B	0.01%
	XBIT	C	0.01%
	MHLD	C	0.01%
	RSVR	B	0.01%
	DXLG	D	0.01%
	MODV	D	0.01%
	FFNW	D	0.01%
	ATLO	D	0.01%
	MBI	C	0.01%
	GPMT	C	0.01%
	CHMG	B	0.01%
	AEYE	B	0.01%
	USCB	B	0.01%
	MYFW	C	0.01%
	ESSA	B	0.01%
	PLL	C	0.01%
	CRBU	D	0.01%
	DC	C	0.01%
	MGTX	B	0.01%
	EPM	C	0.01%
	ACHV	C	0.01%
	RXT	B	0.01%
	SAMG	B	0.01%
	FLL	D	0.01%
	BLNK	D	0.01%
	EML	D	0.01%
	TCX	F	0.01%
	DSGN	C	0.01%
	ONTF	C	0.01%
	PVBC	C	0.01%
	MLP	C	0.01%
	ASLE	D	0.01%
	GPRO	D	0.01%
	JOUT	F	0.01%
	BLDE	B	0.01%
	ARAY	C	0.01%
	FSP	C	0.01%
	BDTX	F	0.01%
	AFCG	F	0.01%
	LAW	C	0.01%
	DSP	A	0.01%
	NKSH	C	0.01%
	IBEX	C	0.01%
	GAMB	C	0.01%
	CHGG	F	0.01%
	NATR	D	0.01%
	CTOS	C	0.01%
	ACTG	D	0.01%
	SEVN	D	0.01%
	ORN	C	0.01%
	ZURA	C	0.01%
	OFLX	C	0.01%
	VEL	C	0.01%
	PESI	B	0.01%
	BRCC	F	0.01%
	CDXC	B	0.01%
	KRT	B	0.01%
	PYXS	C	0.01%
	NNBR	F	0.01%
	STHO	F	0.01%
	LXRX	F	0.01%
	ISTR	B	0.01%
	ALTG	C	0.01%
	FET	D	0.01%
	OVLY	B	0.01%
	BCBP	B	0.01%
	RGCO	B	0.01%
	OB	C	0.01%
	FSTR	C	0.01%
	RNGR	A	0.01%
	LFMD	D	0.01%
	TTSH	B	0.01%
	FCEL	F	0.01%
	BWFG	C	0.01%
	IHRT	C	0.01%
	CTV	C	0.01%
	ATOS	C	0.01%
	HOFT	C	0.01%
	LCNB	B	0.01%
	TG	B	0.01%
	TLS	B	0.01%
	VABK	B	0.01%
	TRVI	D	0.01%
	JRVR	F	0.01%
	BRT	C	0.01%
	ATLC	A	0.01%
	PSTX	D	0.01%
	CTGO	C	0.01%
	NWFL	B	0.01%
	ALCO	F	0.01%
	HPK	F	0.01%
	NVRO	D	0.01%
	SGC	C	0.01%
	MGNX	D	0.01%
	INSE	B	0.01%
	BHR	C	0.01%
	NXDT	C	0.01%
	SLDP	F	0.01%
	PCB	B	0.01%
	NGS	B	0.01%
	ORGO	C	0.01%
	FLWS	C	0.01%
	WEYS	B	0.01%
	JAKK	C	0.01%
	FLXS	B	0.01%
	MED	D	0.01%
	ENTA	F	0.01%
	MBCN	B	0.01%
	FORR	F	0.01%
	TPIC	F	0.01%
	CABA	F	0.01%
	ZNTL	F	0.01%
	GNE	C	0.01%
	BLFY	C	0.01%
	WTI	C	0.01%
	LNZA	D	0.01%
	XOMA	C	0.01%
	MRSN	D	0.01%
	FVCB	B	0.01%
	SERA	D	0.01%
	CDXS	C	0.01%
	ASUR	C	0.01%
	MITT	D	0.01%
	BARK	D	0.01%
	GENC	C	0.01%
	TRAK	B	0.01%
	GCBC	C	0.01%
	GLUE	C	0.01%
	PRME	D	0.01%
	EB	D	0.01%
	PKBK	B	0.01%
	EVCM	B	0.01%
	SGHT	F	0.01%
	LYEL	F	0.01%
	LSEA	F	0.01%
	OMER	C	0.01%
	PCYO	B	0.01%
	UTMD	D	0.01%
	RMAX	B	0.01%
	FULC	F	0.01%
	MVBF	C	0.01%
	NATH	B	0.01%
	ULCC	C	0.01%
	PANL	D	0.01%
	TSBK	B	0.01%
	PLBC	B	0.01%
	CIO	D	0.01%
	DGICA	A	0.01%
	PINE	D	0.01%
	RLGT	B	0.01%
	GRPN	D	0.01%
	PBPB	D	0.01%
	LUNR	C	0.01%
	EWCZ	D	0.01%
	RCKY	F	0.01%
	INGN	D	0.01%
	TSVT	C	0.01%
	APEI	C	0.01%
	NKTR	C	0.01%
	HRTX	F	0.01%
	SMHI	F	0.01%
	CPS	C	0.01%
	FDBC	B	0.01%
	FHTX	C	0.01%
	MG	F	0.01%
	MVIS	F	0.01%
	HNRG	C	0.01%
	TBI	D	0.01%
	WSBF	B	0.01%
	REI	C	0.01%
	CBNK	B	0.01%
	DH	F	0.01%
	CRMT	F	0.01%
	NKTX	F	0.01%
	RRBI	B	0.01%
	AMPS	D	0.01%
	PKE	B	0.01%
	UNTY	B	0.01%
	LE	C	0.01%
	BCML	B	0.01%
	FRST	C	0.01%
	JMSB	B	0.01%
	SKYT	C	0.01%
	AVNW	F	0.01%
	IRBT	F	0.01%
	DOMO	C	0.01%
	IGMS	D	0.01%
	HBB	F	0.01%
	SFIX	C	0.01%
	BOOM	F	0.01%
	OCGN	D	0.01%
	BLZE	C	0.01%
	ADCT	F	0.01%
	SSBK	B	0.01%
	AMPY	C	0.01%
	COFS	B	0.01%
	TH	D	0.01%
	CBAN	B	0.01%
	HEAR	C	0.01%
	SFST	B	0.01%
	EGHT	C	0.01%
	IPI	B	0.01%
	PKOH	B	0.01%
	REFI	B	0.01%
	SAVE	D	0.01%
	WOW	B	0.01%
	PFMT	D	0.01%
	VNDA	C	0.01%
	CZFS	B	0.01%
	ALDX	D	0.01%
	IMMR	F	0.01%
	VYGR	C	0.01%
	MEC	D	0.01%
	THRD	C	0.01%
	INZY	F	0.01%
	AVAH	C	0.01%
	KRO	C	0.01%
	ITOS	F	0.01%
	ACIC	B	0.01%
	OUST	D	0.01%
	SWIM	D	0.01%
	RM	D	0.01%
	RCEL	C	0.01%
	CIVB	B	0.01%
	SPOK	B	0.01%
	AKBA	C	0.01%
	VLGEA	C	0.01%
	FLIC	B	0.01%
	GNTY	C	0.01%
	LRMR	C	0.01%
	AMCX	F	0.01%
	NGVC	B	0.01%
	BMEA	F	0.01%
	ACCD	F	0.01%
	HRTG	D	0.01%
	BWB	B	0.01%
	INBK	B	0.01%
	PACK	C	0.01%
	HBT	B	0.01%
	OOMA	B	0.01%
	FNLC	B	0.01%
	MOV	D	0.01%
	OIS	C	0.01%
	EDIT	F	0.01%
	TMCI	D	0.01%
	STRO	C	0.01%
	ONEW	C	0.01%
	KODK	B	0.01%
	TITN	C	0.01%
	HMST	F	0.01%
	NEWT	B	0.01%
	SLQT	F	0.01%
	HNST	C	0.01%
	SENEA	B	0.01%
	CZNC	B	0.01%
	BYRN	C	0.01%
	GRND	A	0.01%
	RBBN	A	0.01%
	APPS	F	0.01%
	TRUE	B	0.01%
	ULH	B	0.01%
	TBPH	C	0.01%
	XPOF	D	0.01%
	ANGO	C	0.01%
	REPX	B	0.01%
	GCO	C	0.01%
	FSBW	B	0.01%
	LAZR	F	0.01%
	ITI	B	0.01%
	TCBX	B	0.01%
	MTRX	B	0.01%
	OBT	C	0.01%
	LEGH	C	0.01%
	SRI	F	0.01%
	ABSI	D	0.01%
	MCFT	B	0.01%
	GHM	C	0.01%
	WTBA	B	0.01%
	REAL	C	0.01%
	AAN	B	0.01%
	OSUR	D	0.01%
	NAPA	A	0.01%
	PLPC	B	0.01%
	DBI	F	0.01%
	METC	D	0.01%
	ILPT	F	0.01%
	HBCP	B	0.01%
	ESPR	C	0.01%
	LINC	B	0.01%
	RDVT	B	0.01%
	GRNT	C	0.01%
	SB	F	0.01%
	VPG	F	0.01%
	SIGA	C	0.01%
	RGP	F	0.01%
	CERS	F	0.01%
	LUNG	D	0.01%
	FNA	D	0.01%
	PSTL	B	0.01%
	EBTC	B	0.01%
	LILA	D	0.01%
	FRBA	C	0.01%
	BWMN	D	0.01%
	BMRC	B	0.01%
	PLSE	C	0.01%
	ITIC	B	0.01%
	DENN	C	0.01%
	NECB	B	0.01%
	ANIK	F	0.01%
	OLPX	F	0.01%
	CRCT	D	0.01%
	LIND	B	0.01%
	NNOX	F	0.01%
	LWLG	C	0.01%
	USAP	B	0.01%
	MTW	C	0.01%
	CCCC	D	0.01%
	ODC	C	0.01%
	DCGO	C	0.01%
	EAF	C	0.01%
	CMPO	B	0.01%
	GEF	B	0.01%
	ATNI	F	0.01%
	MNTK	C	0.01%
	VERV	D	0.01%
	TSHA	F	0.01%
	MLYS	C	0.01%
	TCMD	B	0.01%
	FATE	F	0.01%
	LOCO	D	0.01%
	LGTY	B	0.01%
	ZUMZ	D	0.01%
	NRC	F	0.01%
	CYRX	D	0.01%
	FMAO	B	0.01%
	LXFR	B	0.01%
	AEHR	F	0.01%
	BCAL	B	0.01%
	ALLO	C	0.01%
	PPTA	B	0.01%
	MCS	B	0.01%
	DDD	D	0.01%
	ACNB	B	0.01%
	FBIZ	B	0.01%
	IAUX	F	0.01%
	FARO	B	0.01%
	ADV	C	0.01%
	TRC	F	0.01%
	NUS	F	0.01%
	BOC	B	0.01%
	HDSN	F	0.01%
	AQST	C	0.01%
	NRIM	C	0.01%
	UIS	A	0.01%
	ACRE	C	0.01%
	BSRR	B	0.01%
	HIFS	B	0.01%
	ALEC	C	0.01%
	KRNY	B	0.01%
	GLRE	B	0.01%
	EE	B	0.01%
	RICK	C	0.01%
	CWCO	F	0.01%
	NVEC	C	0.01%
	FNKO	B	0.01%
	RBB	B	0.01%
	WOOF	C	0.01%
	CAPR	C	0.01%
	ZEUS	D	0.01%
	TTI	C	0.01%
	FISI	C	0.01%
	ATEX	F	0.01%
	FFWM	C	0.01%
	OABI	C	0.01%
	BRY	F	0.01%
	RMR	D	0.01%
	SD	D	0.01%
	SAGE	F	0.01%
	SNBR	D	0.01%
	HVT	F	0.01%
	TRDA	B	0.01%
	CARE	B	0.01%
	FRPH	B	0.01%
	EYPT	D	0.01%
	CELC	C	0.01%
	SPFI	B	0.01%
	XERS	B	0.01%
	FFIC	B	0.01%
	MITK	C	0.01%
	DSGR	B	0.01%
	BYND	F	0.01%
	LOVE	B	0.01%
	IRMD	B	0.01%
	ALRS	D	0.01%
	QRTEB	F	0.0%
	PWSC	C	0.0%
	LYRA	D	0.0%
	VGAS	C	0.0%
	AMPX	D	0.0%
	RENB	F	0.0%
	ARL	F	0.0%
	SST	F	0.0%
	PRLD	F	0.0%
	VRCA	F	0.0%
	AVTE	D	0.0%
	ELEV	F	0.0%
	TCI	F	0.0%
	VALU	B	0.0%
	LLAP	F	0.0%
	CIX	D	0.0%
	GOCO	C	0.0%
	GMGI	D	0.0%
	CURV	F	0.0%
	STEM	F	0.0%
	HLVX	D	0.0%
	METCB	C	0.0%
	GALT	C	0.0%
	ATNM	D	0.0%
	PRPL	F	0.0%
	SWKH	F	0.0%
	RAPT	D	0.0%
	ALXO	F	0.0%
	NL	C	0.0%
	BKSY	C	0.0%
	GOEV	F	0.0%
	HOWL	F	0.0%
	VTSI	D	0.0%
	TDUP	D	0.0%
	AIRS	C	0.0%
	CLPR	C	0.0%
	OVID	D	0.0%
	NRDY	F	0.0%
	AKYA	D	0.0%
	INMB	D	0.0%
	MAPS	F	0.0%
	EP	C	0.0%
	TLYS	F	0.0%
	EEX	F	0.0%
	RMBL	C	0.0%
	STKS	D	0.0%
	HQI	D	0.0%
	IPSC	F	0.0%
	DLHC	F	0.0%
	CPSS	B	0.0%
	VHI	B	0.0%
	LCUT	D	0.0%
	MASS	D	0.0%
	ACRV	C	0.0%
	AMTX	D	0.0%
	SES	F	0.0%
	REKR	F	0.0%
	KOD	C	0.0%
	MPX	C	0.0%
	GLSI	F	0.0%
	QBTS	C	0.0%
	SCWO	C	0.0%
	QSI	D	0.0%
	WALD	F	0.0%
	ULBI	D	0.0%
	PNRG	B	0.0%
	CSTE	F	0.0%
	NPCE	D	0.0%
	SBT	F	0.0%
	EGAN	D	0.0%
	EVEX	F	0.0%
	NTIC	C	0.0%
	RMNI	D	0.0%
	EVI	C	0.0%
	TUSK	D	0.0%
	RGLS	F	0.0%
	NRGV	C	0.0%
	BLUE	F	0.0%
	VERU	F	0.0%
	ABOS	C	0.0%
	CRDF	C	0.0%
	PBYI	D	0.0%
	TNYA	D	0.0%
	QUIK	D	0.0%
	KFS	B	0.0%
	RILY	F	0.0%
	SKIN	D	0.0%
	CVGI	F	0.0%
	FREY	C	0.0%
	HBIO	F	0.0%
	PEBK	C	0.0%
	RGTI	C	0.0%
	PTSI	C	0.0%
	STXS	F	0.0%
	DIBS	F	0.0%
	SMLR	C	0.0%
	XFOR	D	0.0%
	INNV	B	0.0%
	SSTI	F	0.0%
	TTEC	F	0.0%
	MRAM	D	0.0%
	NC	C	0.0%
	SPCE	F	0.0%
	CHRS	F	0.0%
	III	D	0.0%
	CVRX	C	0.0%
	FENC	F	0.0%
	BH	C	0.0%
	LWAY	C	0.0%
	PRCH	C	0.0%
	TAYD	D	0.0%
	CTRN	C	0.0%
	QIPT	F	0.0%
	GRWG	F	0.0%
	OBIO	C	0.0%
	PGEN	D	0.0%
	SMTI	C	0.0%
	PAYS	F	0.0%
	GBIO	F	0.0%
	PRTH	C	0.0%
	NODK	B	0.0%
	AOMR	F	0.0%
	JYNT	C	0.0%
	ZYXI	C	0.0%
	SKYH	C	0.0%
	COOK	D	0.0%
	CDZI	B	0.0%
	EVC	C	0.0%
	NREF	C	0.0%
	POWW	F	0.0%
	CMT	F	0.0%
	PBFS	B	0.0%
	CDLX	D	0.0%
	CRNC	D	0.0%
	SCPH	F	0.0%
	GEOS	C	0.0%
	VTYX	F	0.0%
	KLTR	B	0.0%
	PEPG	F	0.0%
	MYPS	D	0.0%
	TSQ	D	0.0%
	BELFA	B	0.0%
	AVD	D	0.0%
	INFU	D	0.0%
	LCTX	D	0.0%
	OPRX	F	0.0%
	SSP	D	0.0%

VTWO Underweight 46 Positions Relative to SAA

	Symbol	Grade	Weight
	CMA	B	-0.44%
	RHI	B	-0.37%
	VFC	B	-0.37%
	ATI	D	-0.35%
	BBWI	C	-0.34%
	AWI	A	-0.33%
	ALK	B	-0.33%
	ETSY	D	-0.32%
	INSP	D	-0.3%
	LNC	B	-0.3%
	SEE	C	-0.28%
	AL	B	-0.25%
	OGN	F	-0.25%
	GTES	B	-0.23%
	AGO	B	-0.22%
	MSGS	A	-0.2%
	DXC	B	-0.19%
	NWL	B	-0.19%
	HIW	C	-0.18%
	IAC	C	-0.18%
	BRC	B	-0.17%
	FHB	B	-0.17%
	MDU	F	-0.16%
	PENN	C	-0.15%
	VIRT	B	-0.14%
	MPW	D	-0.14%
	DV	D	-0.13%
	MP	B	-0.12%
	CWEN	D	-0.12%
	HAYW	B	-0.12%
	KSS	F	-0.11%
	PINC	B	-0.11%
	AAP	F	-0.11%
	LEG	F	-0.09%
	WOLF	F	-0.09%
	TRIP	D	-0.09%
	GO	D	-0.08%
	FTRE	F	-0.08%
	VSTS	F	-0.08%
	SNDR	B	-0.07%
	CERT	F	-0.06%
	CWEN	D	-0.05%
	SEDG	F	-0.05%
	GES	F	-0.03%
	TR	C	-0.03%
	EZPW	B	-0.03%

VTWO: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Medical Devices Software - Infrastructure REIT - Diversified Diversified Industrials Business Services Oil & Gas E&P Oil & Gas Equipment & Services Specialty Chemicals Specialty Retail Asset Management Electronic Components Medical Instruments & Supplies Restaurants Savings & Cooperative Banks Aerospace & Defense Insurance - Property & Casualty Conglomerates

Keywords: Bank Banking Medicine Deposit Products Biopharmaceutical Biotechnology Real Estate Investment Trust Cancer Real Estate Loans Computing Commercial Banking Clinical Medicine Natural Gas Insurance Mortgage Loan Loan Life Sciences Construction Mining Telecommunications

SAA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Diversified Industrials Software - Application Packaged Foods Specialty Chemicals Asset Management Medical Devices Oil & Gas Equipment & Services REIT - Retail Software - Infrastructure Auto Parts Insurance - Property & Casualty Oil & Gas E&P Restaurants Specialty Retail Building Materials Communication Equipment Drug Manufacturers - Specialty & Generic

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Insurance Commercial Bank Mining Semiconductor Transport Commercial Banking Mortgage Loan Investment Management Retail Store Construction