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

$96.64

Average Daily Volume

1,650,049

Number of Holdings ^*

1747

* 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

$30.54

Average Daily Volume

9,185

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

Performance

Period	VTWO	SAA
30 Days	6.00%	12.25%
60 Days	6.12%	9.66%
90 Days	6.82%	9.81%
12 Months	33.52%	49.44%

540 Overlapping Holdings

	Symbol	Grade	Weight in VTWO	Weight in SAA	Overlap
	AAT	B	0.05%	0.06%	0.05%
	ABCB	B	0.15%	0.22%	0.15%
	ABG	C	0.17%	0.25%	0.17%
	ABM	B	0.12%	0.17%	0.12%
	ABR	C	0.1%	0.14%	0.1%
	ACA	A	0.17%	0.25%	0.17%
	ACIW	B	0.19%	0.28%	0.19%
	ACLS	F	0.1%	0.12%	0.1%
	ADMA	B	0.14%	0.23%	0.14%
	ADNT	F	0.06%	0.09%	0.06%
	ADUS	D	0.08%	0.1%	0.08%
	AEIS	C	0.15%	0.2%	0.15%
	AEO	F	0.13%	0.16%	0.13%
	AGYS	A	0.08%	0.14%	0.08%
	AHCO	F	0.04%	0.05%	0.04%
	AHH	D	0.03%	0.04%	0.03%
	AIN	C	0.08%	0.13%	0.08%
	AIR	B	0.07%	0.12%	0.07%
	AKR	B	0.09%	0.13%	0.09%
	ALEX	B	0.05%	0.07%	0.05%
	ALG	B	0.06%	0.1%	0.06%
	ALGT	B	0.04%	0.05%	0.04%
	ALKS	C	0.16%	0.22%	0.16%
	ALRM	C	0.1%	0.14%	0.1%
	AMBC	C	0.02%	0.03%	0.02%
	AMN	F	0.05%	0.05%	0.05%
	AMPH	F	0.07%	0.08%	0.07%
	AMR	C	0.08%	0.13%	0.08%
	AMSF	B	0.04%	0.05%	0.04%
	AMWD	C	0.05%	0.07%	0.05%
	ANDE	D	0.05%	0.08%	0.05%
	ANIP	F	0.04%	0.05%	0.04%
	AORT	B	0.04%	0.05%	0.04%
	AOSL	C	0.03%	0.04%	0.03%
	APAM	B	0.1%	0.16%	0.1%
	APLE	B	0.12%	0.17%	0.12%
	APOG	C	0.06%	0.09%	0.06%
	ARCB	C	0.09%	0.13%	0.09%
	ARCH	B	0.1%	0.15%	0.1%
	ARI	C	0.05%	0.06%	0.05%
	ARLO	C	0.04%	0.06%	0.04%
	AROC	A	0.12%	0.2%	0.12%
	ASIX	B	0.03%	0.04%	0.03%
	ASO	F	0.13%	0.17%	0.13%
	ASTE	C	0.03%	0.04%	0.03%
	ASTH	F	0.09%	0.08%	0.08%
	ATEN	A	0.04%	0.06%	0.04%
	ATGE	B	0.11%	0.16%	0.11%
	AUB	B	0.13%	0.19%	0.13%
	AVA	A	0.11%	0.15%	0.11%
	AVAV	C	0.21%	0.27%	0.21%
	AVNS	F	0.03%	0.04%	0.03%
	AWR	B	0.11%	0.16%	0.11%
	AX	B	0.14%	0.21%	0.14%
	AXL	C	0.02%	0.04%	0.02%
	AZZ	A	0.08%	0.13%	0.08%
	B	A	0.08%	0.11%	0.08%
	BANC	B	0.08%	0.11%	0.08%
	BANF	B	0.08%	0.12%	0.08%
	BANR	B	0.08%	0.12%	0.08%
	BCC	B	0.19%	0.27%	0.19%
	BCPC	B	0.2%	0.28%	0.2%
	BDN	C	0.03%	0.04%	0.03%
	BFH	C	0.09%	0.14%	0.09%
	BFS	C	0.02%	0.02%	0.02%
	BGC	C	0.13%	0.2%	0.13%
	BGS	F	0.02%	0.02%	0.02%
	BHE	C	0.06%	0.08%	0.06%
	BHLB	B	0.04%	0.06%	0.04%
	BJRI	C	0.03%	0.04%	0.03%
	BKE	B	0.05%	0.07%	0.05%
	BKU	A	0.1%	0.15%	0.1%
	BL	B	0.12%	0.15%	0.12%
	BLFS	C	0.03%	0.04%	0.03%
	BLMN	F	0.05%	0.05%	0.05%
	BMI	B	0.22%	0.31%	0.22%
	BOH	B	0.1%	0.15%	0.1%
	BOOT	C	0.14%	0.2%	0.14%
	BOX	B	0.17%	0.24%	0.17%
	BRKL	B	0.04%	0.05%	0.04%
	BSIG	A	0.03%	0.04%	0.03%
	BTU	B	0.12%	0.16%	0.12%
	BXMT	C	0.12%	0.15%	0.12%
	CABO	B	0.07%	0.09%	0.07%
	CAKE	C	0.08%	0.11%	0.08%
	CAL	F	0.04%	0.05%	0.04%
	CALM	A	0.13%	0.19%	0.13%
	CALX	D	0.08%	0.08%	0.08%
	CARG	B	0.1%	0.15%	0.1%
	CARS	C	0.04%	0.06%	0.04%
	CASH	B	0.07%	0.1%	0.07%
	CATY	B	0.12%	0.18%	0.12%
	CBRL	C	0.04%	0.05%	0.04%
	CBU	B	0.12%	0.18%	0.12%
	CCOI	B	0.13%	0.17%	0.13%
	CCS	D	0.09%	0.12%	0.09%
	CEIX	A	0.12%	0.17%	0.12%
	CENT	C	0.01%	0.02%	0.01%
	CENTA	C	0.06%	0.08%	0.06%
	CENX	B	0.03%	0.06%	0.03%
	CEVA	B	0.02%	0.03%	0.02%
	CFFN	C	0.03%	0.04%	0.03%
	CHCO	B	0.06%	0.09%	0.06%
	CHEF	A	0.05%	0.07%	0.05%
	CLB	B	0.03%	0.05%	0.03%
	CNK	C	0.12%	0.17%	0.12%
	CNMD	C	0.08%	0.11%	0.08%
	CNS	B	0.1%	0.13%	0.1%
	CNSL	C	0.01%	0.02%	0.01%
	CNXN	C	0.03%	0.04%	0.03%
	COHU	C	0.04%	0.06%	0.04%
	COLL	F	0.04%	0.05%	0.04%
	COOP	B	0.21%	0.31%	0.21%
	CORT	B	0.15%	0.24%	0.15%
	CPF	B	0.03%	0.04%	0.03%
	CPK	A	0.1%	0.14%	0.1%
	CPRX	C	0.09%	0.11%	0.09%
	CRC	A	0.13%	0.2%	0.13%
	CRGY	B	0.07%	0.11%	0.07%
	CRK	B	0.04%	0.06%	0.04%
	CRS	B	0.26%	0.44%	0.26%
	CRSR	C	0.01%	0.01%	0.01%
	CRVL	B	0.1%	0.16%	0.1%
	CSGS	B	0.05%	0.08%	0.05%
	CSR	B	0.04%	0.06%	0.04%
	CSWI	B	0.22%	0.34%	0.22%
	CTKB	C	0.02%	0.03%	0.02%
	CTRE	C	0.18%	0.25%	0.18%
	CTS	C	0.06%	0.08%	0.06%
	CUBI	B	0.05%	0.08%	0.05%
	CVBF	A	0.1%	0.15%	0.1%
	CVCO	A	0.13%	0.19%	0.13%
	CVI	F	0.02%	0.03%	0.02%
	CWK	C	0.11%	0.16%	0.11%
	CWT	C	0.11%	0.15%	0.11%
	CXM	C	0.03%	0.05%	0.03%
	CXW	C	0.06%	0.12%	0.06%
	DAN	D	0.04%	0.05%	0.04%
	DCOM	B	0.04%	0.06%	0.04%
	DEA	D	0.05%	0.06%	0.05%
	DEI	B	0.11%	0.15%	0.11%
	DFIN	D	0.06%	0.08%	0.06%
	DGII	C	0.04%	0.06%	0.04%
	DIOD	D	0.1%	0.12%	0.1%
	DLX	B	0.03%	0.05%	0.03%
	DNOW	B	0.05%	0.08%	0.05%
	DOCN	C	0.1%	0.11%	0.1%
	DORM	B	0.11%	0.18%	0.11%
	DRH	B	0.07%	0.09%	0.07%
	DVAX	C	0.06%	0.07%	0.06%
	DXPE	C	0.02%	0.04%	0.02%
	DY	D	0.18%	0.28%	0.18%
	EAT	A	0.17%	0.27%	0.17%
	ECPG	C	0.04%	0.06%	0.04%
	EFC	C	0.04%	0.05%	0.04%
	EGBN	B	0.03%	0.04%	0.03%
	EIG	B	0.04%	0.07%	0.04%
	ELME	D	0.05%	0.07%	0.05%
	EMBC	C	0.03%	0.04%	0.03%
	ENR	B	0.09%	0.11%	0.09%
	ENV	B	0.12%	0.16%	0.12%
	ENVA	B	0.08%	0.13%	0.08%
	EPAC	C	0.09%	0.13%	0.09%
	EPC	F	0.06%	0.09%	0.06%
	EPRT	B	0.21%	0.29%	0.21%
	ESE	B	0.12%	0.19%	0.12%
	ETD	C	0.02%	0.03%	0.02%
	EVTC	B	0.08%	0.11%	0.08%
	EXPI	D	0.04%	0.05%	0.04%
	EXTR	C	0.07%	0.1%	0.07%
	EYE	C	0.03%	0.04%	0.03%
	FBK	C	0.06%	0.09%	0.06%
	FBNC	B	0.06%	0.09%	0.06%
	FBP	C	0.12%	0.17%	0.12%
	FBRT	D	0.04%	0.05%	0.04%
	FCF	B	0.06%	0.09%	0.06%
	FCPT	C	0.09%	0.13%	0.09%
	FDP	B	0.04%	0.06%	0.04%
	FELE	B	0.16%	0.21%	0.16%
	FFBC	B	0.09%	0.14%	0.09%
	FIZZ	C	0.04%	0.05%	0.04%
	FL	F	0.07%	0.09%	0.07%
	FLGT	F	0.02%	0.02%	0.02%
	FORM	D	0.11%	0.14%	0.11%
	FOXF	F	0.06%	0.07%	0.06%
	FSS	B	0.18%	0.27%	0.18%
	FTDR	B	0.14%	0.21%	0.14%
	FUL	F	0.15%	0.2%	0.15%
	FULT	A	0.12%	0.19%	0.12%
	FWRD	D	0.03%	0.03%	0.03%
	GBX	A	0.07%	0.1%	0.07%
	GDEN	B	0.02%	0.04%	0.02%
	GDOT	D	0.02%	0.03%	0.02%
	GEO	B	0.07%	0.18%	0.07%
	GFF	A	0.09%	0.15%	0.09%
	GIII	D	0.05%	0.06%	0.05%
	GKOS	B	0.24%	0.37%	0.24%
	GMS	B	0.13%	0.2%	0.13%
	GNL	F	0.06%	0.07%	0.06%
	GNW	A	0.11%	0.16%	0.11%
	GOGO	C	0.02%	0.02%	0.02%
	GPI	B	0.18%	0.26%	0.18%
	GPRE	F	0.03%	0.03%	0.03%
	GRBK	D	0.08%	0.1%	0.08%
	GSHD	A	0.09%	0.14%	0.09%
	GTY	A	0.06%	0.08%	0.06%
	GVA	A	0.14%	0.21%	0.14%
	HAFC	B	0.03%	0.04%	0.03%
	HAIN	D	0.03%	0.03%	0.03%
	HASI	D	0.15%	0.16%	0.15%
	HAYN	A	0.03%	0.04%	0.03%
	HBI	B	0.09%	0.14%	0.09%
	HCC	B	0.12%	0.17%	0.12%
	HCI	C	0.03%	0.05%	0.03%
	HCSG	C	0.03%	0.04%	0.03%
	HELE	C	0.05%	0.07%	0.05%
	HFWA	C	0.03%	0.04%	0.03%
	HI	C	0.07%	0.11%	0.07%
	HIMS	B	0.13%	0.2%	0.13%
	HLIT	D	0.05%	0.07%	0.05%
	HLX	B	0.05%	0.07%	0.05%
	HMN	B	0.06%	0.08%	0.06%
	HNI	B	0.09%	0.13%	0.09%
	HOPE	C	0.05%	0.08%	0.05%
	HP	C	0.12%	0.16%	0.12%
	HPP	F	0.02%	0.02%	0.02%
	HRMY	D	0.04%	0.06%	0.04%
	HSII	B	0.03%	0.05%	0.03%
	HSTM	B	0.03%	0.04%	0.03%
	HTH	C	0.05%	0.07%	0.05%
	HTLD	C	0.02%	0.03%	0.02%
	HTZ	C	0.01%	0.03%	0.01%
	HUBG	A	0.1%	0.15%	0.1%
	HWKN	B	0.08%	0.12%	0.08%
	HZO	F	0.02%	0.03%	0.02%
	IART	C	0.05%	0.07%	0.05%
	IBP	D	0.19%	0.24%	0.19%
	IBTX	B	0.08%	0.12%	0.08%
	ICHR	C	0.03%	0.05%	0.03%
	ICUI	D	0.14%	0.21%	0.14%
	IDCC	B	0.14%	0.23%	0.14%
	IIIN	C	0.02%	0.03%	0.02%
	IIPR	D	0.13%	0.15%	0.13%
	INDB	B	0.1%	0.15%	0.1%
	INN	D	0.02%	0.03%	0.02%
	INVA	D	0.04%	0.05%	0.04%
	IOSP	C	0.1%	0.14%	0.1%
	IPAR	B	0.08%	0.11%	0.08%
	IRWD	F	0.02%	0.03%	0.02%
	ITGR	B	0.15%	0.22%	0.15%
	ITRI	C	0.19%	0.26%	0.19%
	JACK	C	0.04%	0.04%	0.04%
	JBGS	F	0.05%	0.06%	0.05%
	JBLU	F	0.07%	0.09%	0.07%
	JBSS	F	0.03%	0.04%	0.03%
	JBT	B	0.13%	0.19%	0.13%
	JJSF	C	0.09%	0.13%	0.09%
	JOE	F	0.07%	0.09%	0.07%
	JXN	C	0.28%	0.38%	0.28%
	KALU	C	0.04%	0.06%	0.04%
	KAR	B	0.06%	0.11%	0.06%
	KELYA	F	0.02%	0.02%	0.02%
	KFY	B	0.14%	0.2%	0.14%
	KLG	B	0.04%	0.06%	0.04%
	KLIC	B	0.09%	0.12%	0.09%
	KMT	B	0.07%	0.11%	0.07%
	KN	B	0.06%	0.08%	0.06%
	KOP	C	0.03%	0.04%	0.03%
	KREF	C	0.03%	0.03%	0.03%
	KRYS	C	0.16%	0.22%	0.16%
	KTB	B	0.18%	0.22%	0.18%
	KW	C	0.04%	0.06%	0.04%
	KWR	C	0.08%	0.11%	0.08%
	LBRT	D	0.1%	0.14%	0.1%
	LCII	C	0.1%	0.14%	0.1%
	LESL	D	0.02%	0.03%	0.02%
	LGIH	F	0.08%	0.1%	0.08%
	LGND	C	0.07%	0.1%	0.07%
	LKFN	C	0.06%	0.09%	0.06%
	LMAT	A	0.07%	0.1%	0.07%
	LNN	B	0.05%	0.07%	0.05%
	LPG	F	0.04%	0.05%	0.04%
	LQDT	B	0.02%	0.03%	0.02%
	LRN	A	0.15%	0.21%	0.15%
	LTC	B	0.06%	0.08%	0.06%
	LUMN	C	0.24%	0.41%	0.24%
	LXP	D	0.1%	0.13%	0.1%
	LZB	B	0.06%	0.09%	0.06%
	MAC	B	0.15%	0.21%	0.15%
	MARA	B	0.17%	0.26%	0.17%
	MATV	D	0.03%	0.03%	0.03%
	MATW	C	0.03%	0.04%	0.03%
	MATX	C	0.19%	0.26%	0.19%
	MC	C	0.17%	0.26%	0.17%
	MCRI	A	0.04%	0.05%	0.04%
	MCW	C	0.03%	0.04%	0.03%
	MCY	A	0.07%	0.1%	0.07%
	MD	C	0.04%	0.06%	0.04%
	MGEE	B	0.12%	0.19%	0.12%
	MGPI	F	0.03%	0.03%	0.03%
	MGY	A	0.16%	0.26%	0.16%
	MHO	D	0.15%	0.21%	0.15%
	MLAB	F	0.02%	0.03%	0.02%
	MLI	B	0.34%	0.51%	0.34%
	MLKN	F	0.06%	0.08%	0.06%
	MMI	C	0.03%	0.05%	0.03%
	MMSI	A	0.21%	0.3%	0.21%
	MNRO	D	0.03%	0.04%	0.03%
	MODG	F	0.05%	0.06%	0.05%
	MOG.A	B	0.2%	0.31%	0.2%
	MRCY	C	0.07%	0.1%	0.07%
	MRTN	D	0.03%	0.05%	0.03%
	MSEX	C	0.04%	0.06%	0.04%
	MTH	D	0.24%	0.32%	0.24%
	MTRN	C	0.08%	0.12%	0.08%
	MTUS	C	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	0.07%	0.07%	0.07%
	MYRG	B	0.08%	0.12%	0.08%
	NABL	F	0.03%	0.04%	0.03%
	NARI	C	0.09%	0.13%	0.09%
	NATL	B	0.07%	0.1%	0.07%
	NAVI	F	0.04%	0.06%	0.04%
	NBHC	C	0.06%	0.09%	0.06%
	NBR	C	0.03%	0.03%	0.03%
	NBTB	B	0.08%	0.11%	0.08%
	NEO	C	0.06%	0.1%	0.06%
	NGVT	B	0.06%	0.08%	0.06%
	NHC	C	0.05%	0.08%	0.05%
	NMIH	C	0.11%	0.15%	0.11%
	NOG	B	0.13%	0.2%	0.13%
	NPK	B	0.01%	0.02%	0.01%
	NPO	A	0.11%	0.18%	0.11%
	NSIT	F	0.18%	0.21%	0.18%
	NTCT	C	0.05%	0.08%	0.05%
	NVEE	F	0.05%	0.06%	0.05%
	NVRI	D	0.02%	0.03%	0.02%
	NWBI	B	0.06%	0.09%	0.06%
	NWN	A	0.05%	0.08%	0.05%
	NX	C	0.05%	0.07%	0.05%
	NXRT	B	0.03%	0.05%	0.03%
	ODP	F	0.04%	0.04%	0.04%
	OFG	B	0.07%	0.1%	0.07%
	OI	C	0.06%	0.1%	0.06%
	OII	B	0.09%	0.14%	0.09%
	OMCL	C	0.08%	0.1%	0.08%
	OMI	F	0.04%	0.04%	0.04%
	OSIS	A	0.08%	0.12%	0.08%
	OTTR	C	0.12%	0.17%	0.12%
	OUT	A	0.1%	0.12%	0.1%
	OXM	F	0.04%	0.06%	0.04%
	PAHC	C	0.02%	0.02%	0.02%
	PARR	F	0.03%	0.05%	0.03%
	PATK	C	0.1%	0.14%	0.1%
	PAYO	A	0.09%	0.13%	0.09%
	PBH	A	0.14%	0.2%	0.14%
	PBI	B	0.04%	0.06%	0.04%
	PCRX	C	0.03%	0.04%	0.03%
	PDCO	F	0.06%	0.08%	0.06%
	PDFS	C	0.03%	0.05%	0.03%
	PEB	D	0.05%	0.07%	0.05%
	PECO	A	0.17%	0.24%	0.17%
	PFBC	B	0.04%	0.06%	0.04%
	PFS	B	0.09%	0.14%	0.09%
	PGNY	F	0.05%	0.05%	0.05%
	PHIN	A	0.07%	0.11%	0.07%
	PI	D	0.16%	0.2%	0.16%
	PIPR	A	0.18%	0.27%	0.18%
	PJT	A	0.12%	0.18%	0.12%
	PLAB	C	0.05%	0.07%	0.05%
	PLAY	D	0.04%	0.06%	0.04%
	PLMR	A	0.08%	0.14%	0.08%
	PLUS	F	0.09%	0.1%	0.09%
	PLXS	B	0.14%	0.21%	0.14%
	PMT	C	0.04%	0.06%	0.04%
	POWL	C	0.09%	0.13%	0.09%
	PPBI	C	0.09%	0.13%	0.09%
	PRA	C	0.03%	0.04%	0.03%
	PRAA	D	0.03%	0.04%	0.03%
	PRDO	B	0.05%	0.08%	0.05%
	PRG	C	0.07%	0.1%	0.07%
	PRGS	A	0.1%	0.14%	0.1%
	PRK	B	0.09%	0.14%	0.09%
	PRLB	B	0.03%	0.05%	0.03%
	PRVA	C	0.07%	0.11%	0.07%
	PSMT	D	0.08%	0.11%	0.08%
	PTEN	C	0.11%	0.15%	0.11%
	PTGX	D	0.1%	0.12%	0.1%
	PUMP	C	0.02%	0.03%	0.02%
	PZZA	F	0.06%	0.08%	0.06%
	QNST	B	0.04%	0.06%	0.04%
	RAMP	B	0.06%	0.09%	0.06%
	RC	D	0.04%	0.06%	0.04%
	RCUS	F	0.03%	0.04%	0.03%
	RDN	D	0.2%	0.25%	0.2%
	RDNT	B	0.16%	0.25%	0.16%
	RES	D	0.02%	0.02%	0.02%
	REX	D	0.03%	0.04%	0.03%
	REZI	A	0.11%	0.19%	0.11%
	RGNX	D	0.01%	0.02%	0.01%
	RGR	F	0.02%	0.03%	0.02%
	RNST	B	0.08%	0.12%	0.08%
	ROCK	C	0.08%	0.11%	0.08%
	ROG	D	0.07%	0.09%	0.07%
	ROIC	A	0.07%	0.11%	0.07%
	RUN	F	0.12%	0.11%	0.11%
	RUSHA	C	0.13%	0.19%	0.13%
	RWT	D	0.04%	0.05%	0.04%
	RXO	D	0.14%	0.18%	0.14%
	SABR	C	0.04%	0.07%	0.04%
	SAFT	B	0.04%	0.06%	0.04%
	SAH	C	0.03%	0.05%	0.03%
	SANM	B	0.14%	0.21%	0.14%
	SATS	D	0.11%	0.14%	0.11%
	SBCF	B	0.08%	0.12%	0.08%
	SBH	C	0.05%	0.07%	0.05%
	SBSI	C	0.03%	0.05%	0.03%
	SCHL	F	0.02%	0.03%	0.02%
	SCL	C	0.06%	0.08%	0.06%
	SCSC	C	0.04%	0.06%	0.04%
	SCVL	F	0.02%	0.03%	0.02%
	SDGR	C	0.04%	0.05%	0.04%
	SEM	B	0.13%	0.19%	0.13%
	SFBS	C	0.16%	0.23%	0.16%
	SFNC	C	0.11%	0.15%	0.11%
	SHAK	C	0.17%	0.23%	0.17%
	SHEN	F	0.02%	0.03%	0.02%
	SHO	D	0.08%	0.1%	0.08%
	SHOO	F	0.12%	0.15%	0.12%
	SIG	B	0.14%	0.21%	0.14%
	SITM	B	0.11%	0.18%	0.11%
	SJW	F	0.07%	0.08%	0.07%
	SKT	A	0.13%	0.2%	0.13%
	SKYW	C	0.14%	0.22%	0.14%
	SLG	B	0.18%	0.24%	0.18%
	SLP	D	0.02%	0.02%	0.02%
	SLVM	B	0.11%	0.15%	0.11%
	SM	B	0.18%	0.25%	0.18%
	SMP	C	0.02%	0.03%	0.02%
	SMPL	B	0.11%	0.17%	0.11%
	SMTC	B	0.11%	0.17%	0.11%
	SNCY	C	0.02%	0.03%	0.02%
	SNEX	B	0.09%	0.14%	0.09%
	SONO	C	0.06%	0.08%	0.06%
	SPNT	B	0.05%	0.07%	0.05%
	SPSC	D	0.23%	0.32%	0.23%
	SPTN	D	0.03%	0.03%	0.03%
	SSTK	F	0.03%	0.04%	0.03%
	STAA	F	0.05%	0.06%	0.05%
	STBA	B	0.05%	0.08%	0.05%
	STC	B	0.07%	0.1%	0.07%
	STEP	C	0.14%	0.2%	0.14%
	STRA	C	0.07%	0.12%	0.07%
	SUPN	C	0.06%	0.1%	0.06%
	SVC	F	0.02%	0.02%	0.02%
	SWI	C	0.03%	0.03%	0.03%
	SXC	A	0.03%	0.05%	0.03%
	SXI	B	0.08%	0.12%	0.08%
	SXT	C	0.12%	0.16%	0.12%
	TALO	C	0.06%	0.07%	0.06%
	TBBK	B	0.09%	0.13%	0.09%
	TDS	B	0.11%	0.15%	0.11%
	TDW	F	0.11%	0.12%	0.11%
	TFIN	B	0.07%	0.11%	0.07%
	TGI	B	0.04%	0.07%	0.04%
	TGNA	B	0.1%	0.14%	0.1%
	TGTX	B	0.13%	0.2%	0.13%
	THRM	F	0.05%	0.07%	0.05%
	THRY	D	0.02%	0.02%	0.02%
	THS	D	0.06%	0.08%	0.06%
	TILE	B	0.04%	0.07%	0.04%
	TMDX	F	0.1%	0.13%	0.1%
	TMP	B	0.03%	0.05%	0.03%
	TNC	D	0.06%	0.08%	0.06%
	TNDM	D	0.08%	0.09%	0.08%
	TPH	D	0.14%	0.19%	0.14%
	TRMK	C	0.08%	0.11%	0.08%
	TRN	B	0.1%	0.15%	0.1%
	TRST	B	0.02%	0.03%	0.02%
	TRUP	B	0.07%	0.08%	0.07%
	TTGT	B	0.03%	0.04%	0.03%
	TTMI	C	0.08%	0.12%	0.08%
	TWI	F	0.01%	0.02%	0.01%
	UCB	A	0.13%	0.2%	0.13%
	UCTT	D	0.05%	0.08%	0.05%
	UE	B	0.1%	0.14%	0.1%
	UFCS	A	0.02%	0.03%	0.02%
	UFPT	C	0.07%	0.1%	0.07%
	UHT	D	0.02%	0.03%	0.02%
	UNF	B	0.1%	0.14%	0.1%
	UNFI	A	0.04%	0.06%	0.04%
	UNIT	B	0.04%	0.07%	0.04%
	UPBD	B	0.06%	0.08%	0.06%
	URBN	C	0.09%	0.11%	0.09%
	USNA	C	0.02%	0.02%	0.02%
	USPH	B	0.04%	0.07%	0.04%
	UTL	B	0.03%	0.05%	0.03%
	UVV	B	0.05%	0.07%	0.05%
	VBTX	B	0.05%	0.08%	0.05%
	VCEL	B	0.08%	0.13%	0.08%
	VECO	F	0.06%	0.07%	0.06%
	VIAV	C	0.08%	0.11%	0.08%
	VICR	C	0.04%	0.06%	0.04%
	VIR	D	0.02%	0.03%	0.02%
	VRE	B	0.05%	0.07%	0.05%
	VRRM	F	0.16%	0.18%	0.16%
	VRTS	B	0.05%	0.08%	0.05%
	VSAT	F	0.04%	0.03%	0.03%
	VSCO	C	0.09%	0.14%	0.09%
	VSTO	A	0.09%	0.13%	0.09%
	VTLE	C	0.03%	0.04%	0.03%
	VTOL	B	0.03%	0.05%	0.03%
	VVI	C	0.03%	0.04%	0.03%
	VYX	B	0.07%	0.1%	0.07%
	WABC	B	0.05%	0.07%	0.05%
	WAFD	B	0.08%	0.15%	0.08%
	WD	D	0.13%	0.17%	0.13%
	WDFC	B	0.13%	0.19%	0.13%
	WERN	C	0.08%	0.12%	0.08%
	WGO	C	0.06%	0.08%	0.06%
	WHD	B	0.14%	0.22%	0.14%
	WKC	C	0.06%	0.08%	0.06%
	WNC	C	0.03%	0.04%	0.03%
	WOR	F	0.04%	0.06%	0.04%
	WRLD	C	0.01%	0.02%	0.01%
	WS	C	0.05%	0.07%	0.05%
	WSFS	B	0.11%	0.17%	0.11%
	WSR	A	0.02%	0.03%	0.02%
	WT	A	0.05%	0.07%	0.05%
	WWW	A	0.05%	0.09%	0.05%
	XHR	B	0.05%	0.07%	0.05%
	XNCR	B	0.05%	0.07%	0.05%
	XPEL	B	0.04%	0.05%	0.04%
	XRX	F	0.04%	0.05%	0.04%
	YELP	C	0.08%	0.12%	0.08%
	YOU	D	0.12%	0.12%	0.12%
	ZD	B	0.08%	0.12%	0.08%
	ZWS	B	0.19%	0.28%	0.19%

VTWO Overweight 1207 Positions Relative to SAA

	Symbol	Grade	Weight
	SFM	A	0.48%
	PCVX	D	0.47%
	INSM	C	0.39%
	FN	C	0.33%
	AIT	B	0.33%
	FLR	B	0.33%
	ENSG	C	0.32%
	RVMD	C	0.3%
	LNTH	D	0.28%
	HQY	A	0.27%
	UFPI	C	0.27%
	SSB	B	0.27%
	HLNE	B	0.26%
	TMHC	C	0.26%
	ANF	F	0.25%
	CVLT	B	0.25%
	EXLS	B	0.24%
	CADE	B	0.23%
	NOVT	D	0.23%
	CMC	B	0.23%
	ESNT	F	0.23%
	RHP	B	0.23%
	HALO	F	0.23%
	CYTK	F	0.22%
	CBT	D	0.22%
	BECN	B	0.22%
	HRI	C	0.22%
	GBCI	B	0.22%
	ALTR	B	0.22%
	CWST	A	0.22%
	ONB	C	0.22%
	MOD	A	0.22%
	VRNS	D	0.21%
	KRG	B	0.21%
	TRNO	F	0.21%
	SUM	B	0.21%
	KBH	D	0.2%
	CHX	C	0.2%
	BPMC	B	0.2%
	SIGI	C	0.2%
	KNF	B	0.2%
	CNX	A	0.19%
	HOMB	A	0.19%
	GTLS	A	0.19%
	RMBS	B	0.19%
	WTS	B	0.19%
	MMS	F	0.19%
	SKY	A	0.18%
	EXPO	D	0.18%
	POR	C	0.18%
	CRDO	B	0.18%
	AUR	C	0.18%
	CRNX	C	0.18%
	GATX	A	0.18%
	UMBF	B	0.18%
	ZETA	D	0.18%
	UBSI	B	0.18%
	QTWO	A	0.18%
	SBRA	C	0.17%
	NJR	A	0.17%
	HWC	B	0.17%
	MDGL	B	0.17%
	RNA	C	0.17%
	MUR	D	0.17%
	BDC	C	0.17%
	BCO	F	0.17%
	STRL	A	0.17%
	TENB	C	0.17%
	FFIN	B	0.17%
	AVNT	B	0.16%
	ORA	B	0.16%
	QLYS	B	0.16%
	IRT	A	0.16%
	SWX	B	0.16%
	CWAN	B	0.15%
	OPCH	D	0.15%
	OGS	A	0.15%
	WK	B	0.15%
	BKH	A	0.15%
	VLY	B	0.15%
	ESGR	B	0.15%
	PRMW	C	0.15%
	ASGN	F	0.15%
	ALE	A	0.14%
	RKLB	A	0.14%
	UPST	B	0.14%
	HL	D	0.14%
	PRCT	B	0.14%
	ENS	F	0.14%
	KAI	B	0.14%
	PNM	B	0.14%
	ROAD	B	0.13%
	LANC	C	0.13%
	POWI	F	0.13%
	TEX	F	0.13%
	ASB	B	0.13%
	SGBX	F	0.13%
	TCBI	C	0.13%
	HAE	C	0.13%
	AXNX	A	0.13%
	GLNG	C	0.13%
	SR	A	0.13%
	CNO	B	0.13%
	CDP	C	0.13%
	ACLX	C	0.13%
	NEOG	F	0.12%
	BLKB	B	0.12%
	ICFI	F	0.12%
	EBC	B	0.12%
	ATKR	D	0.12%
	RIG	D	0.12%
	VAL	F	0.12%
	NPAB	F	0.12%
	STNE	F	0.12%
	NHI	D	0.12%
	DNLI	D	0.12%
	AXSM	B	0.12%
	OSCR	D	0.12%
	BBIO	F	0.12%
	NWE	B	0.12%
	PCH	F	0.12%
	CBZ	B	0.12%
	IBOC	B	0.12%
	BNL	D	0.12%
	SLAB	F	0.12%
	PRIM	A	0.12%
	FOLD	F	0.12%
	MWA	B	0.12%
	KTOS	B	0.12%
	PTON	A	0.11%
	ALIT	C	0.11%
	UEC	B	0.11%
	PBF	D	0.11%
	MIR	A	0.11%
	PTCT	B	0.11%
	NUVL	C	0.11%
	GH	B	0.1%
	VCYT	B	0.1%
	RYTM	C	0.1%
	RIOT	C	0.1%
	MQ	D	0.1%
	IOVA	F	0.1%
	PFSI	C	0.1%
	SYNA	C	0.1%
	EVH	F	0.1%
	BUR	C	0.1%
	TNET	F	0.1%
	HGV	C	0.1%
	STNG	F	0.1%
	GHC	B	0.1%
	MGRC	B	0.1%
	LIVN	F	0.1%
	NSP	F	0.1%
	LAUR	A	0.09%
	IGT	F	0.09%
	TWST	F	0.09%
	DYN	F	0.09%
	IDYA	F	0.09%
	GERN	D	0.09%
	COMP	B	0.09%
	FRSH	B	0.09%
	CLSK	C	0.09%
	EWTX	C	0.09%
	FIBK	B	0.09%
	VC	F	0.09%
	VCTR	B	0.09%
	DBRG	F	0.09%
	RPD	B	0.09%
	AGIO	C	0.09%
	HTLF	B	0.09%
	RRR	F	0.09%
	CDE	C	0.09%
	ACVA	B	0.09%
	HURN	C	0.08%
	KYMR	D	0.08%
	BRZE	C	0.08%
	SWTX	C	0.08%
	AI	B	0.08%
	AKRO	B	0.08%
	EQC	B	0.08%
	FLYW	B	0.08%
	AMBA	B	0.08%
	VSH	F	0.08%
	PAR	A	0.08%
	FRME	B	0.08%
	SGRY	F	0.08%
	VERX	A	0.08%
	IRTC	C	0.08%
	GT	C	0.08%
	TOWN	B	0.08%
	ARWR	D	0.08%
	OSW	B	0.07%
	INSW	F	0.07%
	KOS	D	0.07%
	GOLF	B	0.07%
	WLY	B	0.07%
	PRM	C	0.07%
	GPOR	B	0.07%
	IESC	C	0.07%
	WSBC	B	0.07%
	RXST	F	0.07%
	KNTK	A	0.07%
	MNKD	C	0.07%
	BE	B	0.07%
	LBPH	A	0.07%
	JOBY	B	0.07%
	SRRK	C	0.07%
	EFSC	B	0.07%
	INTA	B	0.07%
	IVT	A	0.07%
	NMRK	C	0.07%
	RXRX	F	0.06%
	MIRM	B	0.06%
	JANX	C	0.06%
	SMR	B	0.06%
	PAGS	F	0.06%
	WULF	C	0.06%
	TDOC	C	0.06%
	HLIO	B	0.06%
	TGLS	B	0.06%
	LC	A	0.06%
	SNDX	F	0.06%
	NRIX	C	0.06%
	GEF	A	0.06%
	MGNI	B	0.06%
	ATRC	C	0.06%
	VERA	C	0.06%
	NNI	D	0.06%
	PCT	C	0.06%
	NVCR	C	0.06%
	VSEC	C	0.06%
	SMMT	D	0.06%
	AGX	B	0.06%
	ALKT	B	0.06%
	TARS	C	0.06%
	OCUL	D	0.06%
	SKWD	A	0.06%
	SYBT	B	0.06%
	BCRX	D	0.06%
	CGON	F	0.06%
	PD	C	0.06%
	BEAM	D	0.06%
	AGM	B	0.06%
	CLDX	F	0.06%
	HEES	C	0.06%
	UPWK	B	0.06%
	HE	C	0.06%
	ARVN	F	0.06%
	IMVT	F	0.06%
	NTB	B	0.06%
	KROS	D	0.06%
	ACAD	C	0.06%
	LMND	B	0.05%
	PDM	D	0.05%
	ALHC	C	0.05%
	LILAK	D	0.05%
	SFL	D	0.05%
	TVTX	C	0.05%
	BUSE	B	0.05%
	LADR	B	0.05%
	QCRH	B	0.05%
	VRNT	C	0.05%
	GOGL	F	0.05%
	SPT	C	0.05%
	FLNC	D	0.05%
	LTH	C	0.05%
	AESI	B	0.05%
	AMRX	C	0.05%
	RLJ	C	0.05%
	NIC	B	0.05%
	VRDN	D	0.05%
	BLBD	D	0.05%
	NSSC	D	0.05%
	INMD	C	0.05%
	NVAX	F	0.05%
	JAMF	F	0.05%
	REVG	C	0.05%
	ARDX	F	0.05%
	TCBK	C	0.05%
	INFN	D	0.05%
	NTLA	F	0.05%
	LOB	C	0.05%
	HROW	D	0.05%
	ZUO	B	0.05%
	ENVX	F	0.05%
	DHT	F	0.05%
	COMM	D	0.05%
	ESRT	C	0.05%
	CSTM	F	0.05%
	TROX	D	0.05%
	APPN	B	0.05%
	CODI	B	0.05%
	PLUG	F	0.05%
	LEU	C	0.05%
	SOUN	B	0.05%
	WRBY	A	0.05%
	AMC	C	0.05%
	SASR	B	0.05%
	RVLV	A	0.04%
	ACMR	D	0.04%
	COUR	F	0.04%
	WTTR	A	0.04%
	ASAN	B	0.04%
	AUPH	B	0.04%
	DNUT	F	0.04%
	ELVN	D	0.04%
	VZIO	A	0.04%
	AMRC	F	0.04%
	DK	C	0.04%
	ARRY	F	0.04%
	ACT	C	0.04%
	PHR	F	0.04%
	ERII	D	0.04%
	FBMS	B	0.04%
	CWH	B	0.04%
	MRC	B	0.04%
	WMK	C	0.04%
	IMAX	B	0.04%
	ASPN	F	0.04%
	JBI	F	0.04%
	OCFC	B	0.04%
	SAVA	C	0.04%
	COGT	D	0.04%
	EVRI	A	0.04%
	PEBO	B	0.04%
	WVE	C	0.04%
	WINA	C	0.04%
	KFRC	D	0.04%
	OPEN	F	0.04%
	TRS	B	0.04%
	SRCE	B	0.04%
	RCKT	F	0.04%
	MSGE	F	0.04%
	SCS	C	0.04%
	CNNE	B	0.04%
	TPC	C	0.04%
	CDNA	D	0.04%
	UTZ	D	0.04%
	VITL	D	0.04%
	SPNS	F	0.04%
	GABC	B	0.04%
	USLM	A	0.04%
	CMPR	D	0.04%
	BKD	F	0.04%
	AIV	C	0.04%
	CRAI	C	0.04%
	NTST	C	0.04%
	XPRO	D	0.04%
	UMH	B	0.04%
	DOLE	D	0.04%
	KURA	F	0.04%
	JELD	F	0.04%
	RDFN	D	0.04%
	MBWM	B	0.03%
	NEXT	C	0.03%
	AMRK	F	0.03%
	BMBL	C	0.03%
	IBUY	B	0.03%
	ORRF	B	0.03%
	HBNC	B	0.03%
	CECO	B	0.03%
	PTLO	F	0.03%
	ANNX	F	0.03%
	FA	C	0.03%
	FCBC	C	0.03%
	CCB	A	0.03%
	VMEO	B	0.03%
	CFB	B	0.03%
	EU	D	0.03%
	REPL	D	0.03%
	OSBC	A	0.03%
	RPAY	D	0.03%
	PRTA	F	0.03%
	SPRY	C	0.03%
	IDT	B	0.03%
	HY	D	0.03%
	MLR	C	0.03%
	ACHR	B	0.03%
	FG	A	0.03%
	UDMY	D	0.03%
	FLNG	C	0.03%
	GLDD	B	0.03%
	HLF	C	0.03%
	YEXT	B	0.03%
	DAWN	D	0.03%
	GSAT	C	0.03%
	ECVT	C	0.03%
	GRC	A	0.03%
	LMB	B	0.03%
	DHC	F	0.03%
	BRSP	C	0.03%
	AGL	F	0.03%
	APLD	B	0.03%
	CTBI	B	0.03%
	CGEM	F	0.03%
	DCO	C	0.03%
	PLRX	D	0.03%
	UVSP	B	0.03%
	FIGS	F	0.03%
	ATEC	C	0.03%
	MDXG	B	0.03%
	TPB	B	0.03%
	BELFB	C	0.03%
	PLYM	F	0.03%
	MRVI	F	0.03%
	RSI	A	0.03%
	XMTR	B	0.03%
	DFH	D	0.03%
	BLND	A	0.03%
	MEG	F	0.03%
	BY	B	0.03%
	APLT	C	0.03%
	IE	C	0.03%
	IAS	C	0.03%
	BHRB	B	0.03%
	AMSC	B	0.03%
	OEC	C	0.03%
	TRNS	D	0.03%
	PFC	B	0.03%
	FMBH	B	0.03%
	NNBR	C	0.03%
	BLX	B	0.03%
	HOV	D	0.03%
	THR	B	0.03%
	CNOB	B	0.03%
	LGF.A	C	0.03%
	IRON	B	0.03%
	ATSG	B	0.03%
	ARQT	B	0.03%
	DESP	B	0.03%
	DRVN	B	0.03%
	CIFR	C	0.03%
	PGRE	F	0.03%
	CSTL	D	0.03%
	BFC	B	0.03%
	CMCO	C	0.03%
	EOLS	D	0.03%
	CDRE	F	0.03%
	DX	B	0.03%
	MBUU	B	0.03%
	PRO	C	0.03%
	GDYN	B	0.03%
	BXC	B	0.03%
	BZH	C	0.03%
	PNTG	D	0.03%
	OBK	C	0.03%
	IMKTA	C	0.03%
	SHLS	F	0.03%
	BBSI	B	0.03%
	FSLY	D	0.03%
	LFST	B	0.03%
	BV	C	0.03%
	VERV	F	0.02%
	AQST	D	0.02%
	CLW	F	0.02%
	EE	A	0.02%
	LOVE	A	0.02%
	CELC	F	0.02%
	BALY	B	0.02%
	SVRA	F	0.02%
	CARE	C	0.02%
	TTI	B	0.02%
	FFWM	C	0.02%
	MOFG	B	0.02%
	OLP	B	0.02%
	ANAB	F	0.02%
	TRDA	C	0.02%
	LMNR	B	0.02%
	CMP	C	0.02%
	RDUS	B	0.02%
	CTO	B	0.02%
	FFIC	B	0.02%
	PFIS	A	0.02%
	NWPX	A	0.02%
	CLFD	F	0.02%
	KE	C	0.02%
	SHYF	C	0.02%
	KIDS	D	0.02%
	ARHS	F	0.02%
	LXU	B	0.02%
	LAND	F	0.02%
	ENFN	B	0.02%
	STOK	F	0.02%
	EAF	C	0.02%
	ANET	C	0.02%
	CVGW	D	0.02%
	TWKS	B	0.02%
	HUMA	F	0.02%
	RUSHB	C	0.02%
	SHBI	B	0.02%
	FC	F	0.02%
	AGS	A	0.02%
	EVER	D	0.02%
	PX	A	0.02%
	MCS	B	0.02%
	XERS	C	0.02%
	MNMD	C	0.02%
	HCAT	D	0.02%
	ALRS	D	0.02%
	ERAS	C	0.02%
	UIS	B	0.02%
	HONE	C	0.02%
	BTBT	C	0.02%
	ACCO	C	0.02%
	LYTS	B	0.02%
	PTVE	B	0.02%
	OLMA	F	0.02%
	NFBK	C	0.02%
	URGN	F	0.02%
	SANA	F	0.02%
	DIN	C	0.02%
	CLBK	C	0.02%
	CHPT	F	0.02%
	LGF.A	C	0.02%
	PL	B	0.02%
	AROW	B	0.02%
	ESQ	B	0.02%
	DMRC	B	0.02%
	SEMR	C	0.02%
	QTRX	F	0.02%
	AIOT	B	0.02%
	MPB	B	0.02%
	UVE	B	0.02%
	ALT	C	0.02%
	PKST	F	0.02%
	DAKT	C	0.02%
	BHB	C	0.02%
	CLNE	F	0.02%
	BAND	B	0.02%
	AURA	C	0.02%
	CCBG	B	0.02%
	BBW	C	0.02%
	GTN	F	0.02%
	GSBC	C	0.02%
	HTBI	B	0.02%
	ALX	D	0.02%
	GCMG	B	0.02%
	OPK	C	0.02%
	THFF	B	0.02%
	AVXL	B	0.02%
	ATRO	D	0.02%
	FMNB	B	0.02%
	YORW	F	0.02%
	FSBC	C	0.02%
	CHCT	C	0.02%
	CSV	B	0.02%
	VREX	B	0.02%
	CYH	F	0.02%
	MAX	F	0.02%
	CAPR	C	0.02%
	BVS	D	0.02%
	RYAM	C	0.02%
	MSBI	B	0.02%
	FUBO	D	0.02%
	AVO	C	0.02%
	PLOW	D	0.02%
	TIPT	C	0.02%
	FWRG	C	0.02%
	FPI	B	0.02%
	CTLP	B	0.02%
	INST	B	0.02%
	WLFC	B	0.02%
	CCO	C	0.02%
	EBF	F	0.02%
	IIIV	C	0.02%
	SRDX	B	0.02%
	OLO	A	0.02%
	REAX	D	0.02%
	CCNE	C	0.02%
	TRTX	C	0.02%
	SMBK	B	0.02%
	YMAB	F	0.02%
	ARKO	C	0.02%
	PGC	B	0.02%
	STGW	A	0.02%
	CMTG	F	0.02%
	OFIX	C	0.02%
	MCBS	B	0.02%
	INDI	C	0.02%
	INOD	B	0.02%
	NR	B	0.02%
	WEAV	C	0.02%
	CRMD	C	0.02%
	GMRE	F	0.02%
	EGY	D	0.02%
	IBTA	C	0.02%
	IMXI	B	0.02%
	SRCL	B	0.02%
	SIBN	F	0.02%
	RLAY	F	0.02%
	ADPT	C	0.02%
	RBCAA	B	0.02%
	CASS	C	0.02%
	ABUS	D	0.02%
	SMBC	B	0.02%
	TREE	F	0.02%
	MCB	B	0.02%
	LPRO	B	0.02%
	CNDT	C	0.02%
	ACEL	C	0.02%
	LASR	D	0.02%
	ORIC	F	0.02%
	AAOI	B	0.02%
	WASH	C	0.02%
	HTBK	B	0.02%
	NAPA	A	0.02%
	ASC	F	0.02%
	NBN	C	0.02%
	NRDS	C	0.02%
	CMRE	C	0.02%
	EYPT	D	0.02%
	PHAT	F	0.02%
	IMNM	F	0.02%
	AMAL	B	0.02%
	KRUS	B	0.02%
	SWBI	C	0.02%
	MLNK	C	0.02%
	AXGN	C	0.02%
	PACB	F	0.02%
	ETWO	F	0.02%
	WLDN	C	0.02%
	CBL	B	0.02%
	FOR	F	0.02%
	EQBK	B	0.02%
	SGHC	A	0.02%
	RYI	C	0.02%
	CAC	C	0.02%
	RVNC	F	0.02%
	HCKT	B	0.02%
	PUBM	C	0.02%
	CDMO	A	0.02%
	BBUC	C	0.02%
	NTGR	B	0.02%
	BASE	B	0.02%
	LQDA	F	0.02%
	BFST	C	0.02%
	GOOD	B	0.02%
	AMTB	B	0.02%
	OSPN	A	0.02%
	PAX	C	0.02%
	ETNB	C	0.02%
	IBCP	B	0.02%
	NOVA	F	0.02%
	UTI	B	0.02%
	GCI	D	0.02%
	NAT	F	0.02%
	GNK	D	0.02%
	ZIP	D	0.02%
	MBIN	F	0.02%
	DJCO	B	0.02%
	HFFG	C	0.01%
	MHLD	D	0.01%
	BELFA	D	0.01%
	BTMD	B	0.01%
	INO	F	0.01%
	SMLR	B	0.01%
	MDWD	D	0.01%
	GEOS	B	0.01%
	EVC	C	0.01%
	DXLG	D	0.01%
	XBIT	F	0.01%
	NNBR	C	0.01%
	GWRS	B	0.01%
	LFMD	D	0.01%
	RCKY	F	0.01%
	ATLO	C	0.01%
	TCX	D	0.01%
	AEYE	C	0.01%
	DC	D	0.01%
	GPMT	C	0.01%
	JOUT	F	0.01%
	USCB	B	0.01%
	MYFW	B	0.01%
	LYEL	F	0.01%
	VIRC	B	0.01%
	IBEX	B	0.01%
	ZNTL	F	0.01%
	SMID	B	0.01%
	TPIC	F	0.01%
	ESSA	B	0.01%
	FF	F	0.01%
	CABA	F	0.01%
	EPM	A	0.01%
	FFNW	C	0.01%
	CHMG	B	0.01%
	CHGG	C	0.01%
	RXT	C	0.01%
	EML	D	0.01%
	CRBU	D	0.01%
	ACHV	F	0.01%
	BBAI	C	0.01%
	RSVR	B	0.01%
	SEVN	C	0.01%
	PVBC	B	0.01%
	PSTX	D	0.01%
	NKTX	F	0.01%
	BSVN	B	0.01%
	BRCC	F	0.01%
	NATR	C	0.01%
	DSGN	C	0.01%
	FET	F	0.01%
	SMHI	F	0.01%
	OB	B	0.01%
	HMST	F	0.01%
	STHO	F	0.01%
	MLP	B	0.01%
	AFCG	D	0.01%
	NKSH	C	0.01%
	SAMG	B	0.01%
	ARAY	C	0.01%
	ONTF	C	0.01%
	GAMB	A	0.01%
	FLL	C	0.01%
	PRCH	B	0.01%
	RELL	B	0.01%
	GPRO	F	0.01%
	RGCO	B	0.01%
	HOFT	B	0.01%
	FORR	C	0.01%
	CDXC	B	0.01%
	ACTG	D	0.01%
	FCEL	B	0.01%
	RDW	A	0.01%
	FSTR	B	0.01%
	FSP	B	0.01%
	TRVI	F	0.01%
	LAW	F	0.01%
	CDLX	D	0.01%
	PYXS	D	0.01%
	CVRX	C	0.01%
	ALCO	D	0.01%
	VEL	A	0.01%
	ALTG	C	0.01%
	ATOS	F	0.01%
	MG	D	0.01%
	SGHT	F	0.01%
	MBI	B	0.01%
	ASLE	C	0.01%
	NXDT	F	0.01%
	MFIN	B	0.01%
	SLDP	F	0.01%
	MODV	C	0.01%
	BRT	A	0.01%
	BWFG	B	0.01%
	BCBP	B	0.01%
	OFLX	D	0.01%
	DSP	A	0.01%
	KRT	B	0.01%
	HPK	B	0.01%
	OVLY	B	0.01%
	VABK	B	0.01%
	LSEA	D	0.01%
	RGTI	B	0.01%
	ORN	B	0.01%
	BHR	C	0.01%
	LNZA	F	0.01%
	TTSH	F	0.01%
	BLNK	F	0.01%
	SRI	F	0.01%
	TLS	D	0.01%
	FHTX	C	0.01%
	SGC	C	0.01%
	BARK	C	0.01%
	ZURA	F	0.01%
	NRGV	C	0.01%
	ISTR	B	0.01%
	JRVR	F	0.01%
	PESI	B	0.01%
	GCBC	C	0.01%
	BOOM	F	0.01%
	MED	D	0.01%
	FULC	F	0.01%
	NVRO	F	0.01%
	ORGO	B	0.01%
	CIO	C	0.01%
	QUAD	C	0.01%
	PANL	F	0.01%
	LCNB	B	0.01%
	PBPB	C	0.01%
	BLFY	B	0.01%
	WEYS	C	0.01%
	SSP	F	0.01%
	GNE	F	0.01%
	CTV	A	0.01%
	PCB	B	0.01%
	HRTX	F	0.01%
	RNGR	A	0.01%
	IHRT	B	0.01%
	MBCN	C	0.01%
	MRSN	D	0.01%
	TG	D	0.01%
	GENC	C	0.01%
	INGN	C	0.01%
	ATLC	A	0.01%
	MVIS	F	0.01%
	INSE	C	0.01%
	CTOS	B	0.01%
	MITT	D	0.01%
	NGS	B	0.01%
	WTI	F	0.01%
	BLDE	C	0.01%
	NWFL	C	0.01%
	UTMD	F	0.01%
	CPS	C	0.01%
	SERA	F	0.01%
	TSVT	F	0.01%
	NKTR	F	0.01%
	FVCB	B	0.01%
	MGTX	C	0.01%
	FLWS	D	0.01%
	TSBK	A	0.01%
	PCYO	A	0.01%
	DBI	F	0.01%
	CDXS	B	0.01%
	REI	D	0.01%
	MVBF	C	0.01%
	RMAX	C	0.01%
	PINE	C	0.01%
	PRME	F	0.01%
	CTGO	D	0.01%
	INZY	F	0.01%
	DH	F	0.01%
	CRMT	D	0.01%
	LUNR	B	0.01%
	ATNI	F	0.01%
	PKBK	A	0.01%
	LE	D	0.01%
	TBI	F	0.01%
	LXRX	F	0.01%
	EVCM	B	0.01%
	ITOS	F	0.01%
	MGNX	F	0.01%
	ANIK	D	0.01%
	OMER	A	0.01%
	ENTA	F	0.01%
	TRAK	B	0.01%
	FRST	B	0.01%
	TMCI	C	0.01%
	ADCT	F	0.01%
	HBB	F	0.01%
	ACCD	D	0.01%
	ILPT	F	0.01%
	PLBC	A	0.01%
	OCGN	F	0.01%
	CBNK	B	0.01%
	AVNW	F	0.01%
	NATH	C	0.01%
	DGICA	A	0.01%
	HRTG	C	0.01%
	ASUR	C	0.01%
	PLL	C	0.01%
	RLGT	B	0.01%
	WSBF	C	0.01%
	LUNG	F	0.01%
	FATE	F	0.01%
	APEI	B	0.01%
	RM	C	0.01%
	GRPN	F	0.01%
	EDIT	F	0.01%
	RRBI	A	0.01%
	AVAH	B	0.01%
	EWCZ	F	0.01%
	PKOH	C	0.01%
	XOMA	C	0.01%
	TH	C	0.01%
	VLGEA	C	0.01%
	OLPX	D	0.01%
	HNRG	B	0.01%
	BYRN	B	0.01%
	FDBC	C	0.01%
	FNA	B	0.01%
	KRO	C	0.01%
	IRBT	F	0.01%
	WOW	C	0.01%
	CBAN	B	0.01%
	PKE	B	0.01%
	SB	F	0.01%
	JAKK	C	0.01%
	IMMR	C	0.01%
	ANGO	C	0.01%
	ULCC	D	0.01%
	NGVC	A	0.01%
	REFI	A	0.01%
	RCEL	B	0.01%
	BCML	B	0.01%
	EB	C	0.01%
	BMEA	F	0.01%
	AMCX	C	0.01%
	SSBK	B	0.01%
	AMPY	C	0.01%
	LAZR	D	0.01%
	ONEW	F	0.01%
	RGP	F	0.01%
	SWIM	C	0.01%
	IGMS	F	0.01%
	AMPS	C	0.01%
	PACK	B	0.01%
	MEC	F	0.01%
	ALDX	D	0.01%
	SAVE	F	0.01%
	GNTY	A	0.01%
	VNDA	C	0.01%
	CZFS	B	0.01%
	STRO	F	0.01%
	DOMO	B	0.01%
	JMSB	C	0.01%
	OBT	C	0.01%
	SKYT	D	0.01%
	SLQT	C	0.01%
	METC	C	0.01%
	FLIC	B	0.01%
	BWMN	C	0.01%
	FLXS	B	0.01%
	HEAR	D	0.01%
	IPI	C	0.01%
	THRD	F	0.01%
	HBT	B	0.01%
	COFS	A	0.01%
	LEGH	D	0.01%
	PFMT	F	0.01%
	FNLC	C	0.01%
	UNTY	B	0.01%
	NRC	F	0.01%
	MOV	D	0.01%
	VPG	F	0.01%
	CZNC	C	0.01%
	GCO	C	0.01%
	TITN	C	0.01%
	CERS	D	0.01%
	SPOK	B	0.01%
	SFIX	B	0.01%
	REAL	B	0.01%
	EGHT	B	0.01%
	INBK	B	0.01%
	KODK	B	0.01%
	OUST	C	0.01%
	BWB	B	0.01%
	BLZE	F	0.01%
	ULH	C	0.01%
	SENEA	A	0.01%
	GHM	A	0.01%
	OIS	B	0.01%
	CYRX	F	0.01%
	TSHA	C	0.01%
	MCFT	C	0.01%
	SFST	B	0.01%
	XPOF	C	0.01%
	ACIC	B	0.01%
	OSUR	F	0.01%
	SNBR	F	0.01%
	FSBW	C	0.01%
	OOMA	B	0.01%
	MTRX	B	0.01%
	PLPC	B	0.01%
	FRBA	D	0.01%
	REPX	A	0.01%
	NEWT	C	0.01%
	TBPH	B	0.01%
	HNST	A	0.01%
	ABSI	F	0.01%
	APPS	F	0.01%
	MEI	F	0.01%
	NNOX	C	0.01%
	NUS	D	0.01%
	CRCT	F	0.01%
	GRNT	B	0.01%
	CCCC	F	0.01%
	LOCO	D	0.01%
	CIVB	B	0.01%
	PSTL	D	0.01%
	VYGR	F	0.01%
	NECB	C	0.01%
	HVT	D	0.01%
	EBTC	C	0.01%
	PLSE	C	0.01%
	DENN	D	0.01%
	RBBN	C	0.01%
	MTW	C	0.01%
	LILA	D	0.01%
	ITIC	A	0.01%
	ALLO	F	0.01%
	ADV	D	0.01%
	GEF	A	0.01%
	HBCP	C	0.01%
	GRND	A	0.01%
	RDVT	A	0.01%
	ODC	B	0.01%
	LGTY	C	0.01%
	IAUX	F	0.01%
	SAGE	F	0.01%
	TRC	F	0.01%
	SIGA	F	0.01%
	ATEX	F	0.01%
	TRUE	C	0.01%
	LIND	C	0.01%
	FARO	C	0.01%
	TYRA	F	0.01%
	ZUMZ	B	0.01%
	ACRE	B	0.01%
	HDSN	F	0.01%
	FBIZ	B	0.01%
	NRIM	A	0.01%
	TCMD	B	0.01%
	AKBA	C	0.01%
	LINC	C	0.01%
	FMAO	B	0.01%
	ACNB	B	0.01%
	WTBA	B	0.01%
	GLUE	C	0.01%
	LRMR	D	0.01%
	BCAL	B	0.01%
	ZEUS	C	0.01%
	BMRC	B	0.01%
	SD	D	0.01%
	DCGO	B	0.01%
	GIC	D	0.01%
	CWCO	C	0.01%
	NVEC	B	0.01%
	WOOF	D	0.01%
	BYND	F	0.01%
	MNTK	F	0.01%
	FISI	B	0.01%
	BOC	C	0.01%
	CCRN	F	0.01%
	BSRR	B	0.01%
	RICK	B	0.01%
	CMPO	B	0.01%
	BIGC	B	0.01%
	RBB	B	0.01%
	TCBX	B	0.01%
	FNKO	D	0.01%
	GLRE	B	0.01%
	RMR	F	0.01%
	ZIMV	D	0.01%
	OABI	F	0.01%
	USAP	B	0.01%
	LWLG	D	0.01%
	CLDT	B	0.01%
	DDD	C	0.01%
	MLYS	F	0.01%
	BRY	F	0.01%
	KRNY	C	0.01%
	FRPH	B	0.01%
	ESPR	B	0.01%
	AEHR	F	0.01%
	HIFS	C	0.01%
	PPTA	C	0.01%
	LXFR	C	0.01%
	TERN	F	0.01%
	KALV	F	0.01%
	DHIL	B	0.01%
	ALEC	F	0.01%
	SPFI	C	0.01%
	MITK	C	0.01%
	CCSI	C	0.01%
	IRMD	C	0.01%
	NUVB	C	0.01%
	FDMT	F	0.01%
	DSGR	C	0.01%
	ARCT	F	0.01%
	QRTEB	F	0.0%
	LYRA	F	0.0%
	VGAS	B	0.0%
	PRLD	F	0.0%
	AMPX	C	0.0%
	ARL	D	0.0%
	SST	F	0.0%
	RENB	F	0.0%
	VRCA	F	0.0%
	ELEV	D	0.0%
	AVTE	D	0.0%
	TCI	D	0.0%
	VALU	C	0.0%
	CIX	D	0.0%
	CURV	D	0.0%
	ALXO	F	0.0%
	TDUP	C	0.0%
	STTK	F	0.0%
	GOEV	F	0.0%
	GMGI	C	0.0%
	GALT	C	0.0%
	PRPL	F	0.0%
	IPSC	F	0.0%
	GOCO	C	0.0%
	METCB	F	0.0%
	ATNM	F	0.0%
	SWKH	F	0.0%
	HLVX	F	0.0%
	STEM	F	0.0%
	TLYS	F	0.0%
	EEX	C	0.0%
	SES	F	0.0%
	NL	B	0.0%
	RAPT	F	0.0%
	VTSI	C	0.0%
	MAPS	B	0.0%
	NRDY	C	0.0%
	OVID	F	0.0%
	DLHC	F	0.0%
	QSI	C	0.0%
	LCUT	F	0.0%
	STKS	F	0.0%
	HQI	B	0.0%
	MASS	F	0.0%
	AKYA	F	0.0%
	REKR	F	0.0%
	AIRS	C	0.0%
	HOWL	F	0.0%
	EP	C	0.0%
	CLPR	D	0.0%
	INMB	F	0.0%
	GLSI	F	0.0%
	RMBL	B	0.0%
	VHI	D	0.0%
	MPX	C	0.0%
	CHRS	D	0.0%
	CSTE	F	0.0%
	ULBI	F	0.0%
	BKSY	B	0.0%
	XFOR	F	0.0%
	WALD	F	0.0%
	CPSS	B	0.0%
	NPCE	C	0.0%
	BLUE	F	0.0%
	OPRX	F	0.0%
	RGLS	F	0.0%
	EVEX	D	0.0%
	QBTS	B	0.0%
	EGAN	C	0.0%
	RMNI	C	0.0%
	ACRV	F	0.0%
	HBIO	F	0.0%
	CVGI	F	0.0%
	AMTX	C	0.0%
	POWW	F	0.0%
	PRTH	B	0.0%
	SBT	C	0.0%
	VERU	F	0.0%
	PGEN	F	0.0%
	SCWO	F	0.0%
	NTIC	B	0.0%
	EVI	F	0.0%
	TTEC	F	0.0%
	FENC	D	0.0%
	PEPG	F	0.0%
	QUIK	F	0.0%
	SSTI	C	0.0%
	CADL	F	0.0%
	DIBS	F	0.0%
	TNYA	D	0.0%
	TUSK	F	0.0%
	COOK	D	0.0%
	QIPT	F	0.0%
	AOMR	F	0.0%
	STXS	C	0.0%
	GBIO	F	0.0%
	III	C	0.0%
	FREY	B	0.0%
	BDTX	F	0.0%
	PNRG	A	0.0%
	INNV	F	0.0%
	TAYD	D	0.0%
	PEBK	B	0.0%
	CMT	C	0.0%
	KFS	B	0.0%
	GRWG	D	0.0%
	MYPS	C	0.0%
	BH	B	0.0%
	SCPH	F	0.0%
	PBYI	C	0.0%
	PAYS	F	0.0%
	OBIO	C	0.0%
	MRAM	D	0.0%
	JYNT	C	0.0%
	RILY	F	0.0%
	SKIN	D	0.0%
	ABOS	F	0.0%
	LWAY	C	0.0%
	CRDF	F	0.0%
	CTRN	F	0.0%
	LCTX	F	0.0%
	KOD	B	0.0%
	INFU	B	0.0%
	SPCE	D	0.0%
	NREF	A	0.0%
	KLTR	B	0.0%
	NODK	A	0.0%
	CRNC	C	0.0%
	SKYH	C	0.0%
	STRS	B	0.0%
	NC	B	0.0%
	CDZI	C	0.0%
	VRA	C	0.0%
	TSQ	D	0.0%
	CLAR	D	0.0%
	TWIN	F	0.0%
	ESCA	B	0.0%
	VTYX	F	0.0%
	PBFS	A	0.0%
	AVD	C	0.0%
	SMTI	B	0.0%
	BBCP	D	0.0%
	ZYXI	D	0.0%
	JILL	C	0.0%
	ACDC	B	0.0%
	FRGE	F	0.0%
	QRHC	D	0.0%

VTWO Underweight 46 Positions Relative to SAA

	Symbol	Grade	Weight
	CMA	B	-0.45%
	RHI	C	-0.37%
	BBWI	C	-0.35%
	ATI	C	-0.35%
	ALK	B	-0.33%
	AWI	A	-0.33%
	VFC	C	-0.32%
	ETSY	D	-0.29%
	LNC	C	-0.29%
	INSP	D	-0.26%
	AL	B	-0.25%
	SEE	C	-0.25%
	GTES	A	-0.24%
	AGO	B	-0.22%
	MDU	D	-0.19%
	OGN	F	-0.19%
	DXC	B	-0.18%
	MSGS	A	-0.18%
	NWL	C	-0.18%
	IAC	F	-0.17%
	FHB	B	-0.17%
	HIW	C	-0.16%
	PENN	C	-0.15%
	VIRT	A	-0.15%
	BRC	D	-0.15%
	DV	C	-0.13%
	PINC	B	-0.12%
	AAP	D	-0.12%
	MPW	F	-0.12%
	MP	C	-0.11%
	CWEN	C	-0.11%
	HAYW	B	-0.11%
	KSS	F	-0.1%
	GO	C	-0.09%
	VSTS	C	-0.08%
	LEG	F	-0.08%
	FTRE	D	-0.08%
	SNDR	B	-0.07%
	TRIP	F	-0.07%
	CWEN	C	-0.05%
	CERT	F	-0.05%
	WOLF	F	-0.04%
	TR	B	-0.03%
	SEDG	F	-0.03%
	EZPW	B	-0.03%
	GES	F	-0.02%

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 Savings & Cooperative Banks Insurance - Property & Casualty Restaurants Aerospace & Defense 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