VTWO vs. SMLF ETF Comparison

Comparison of Vanguard Russell 2000 ETF (VTWO) to iShares FactorSelect MSCI USA Small-Cap ETF (SMLF)

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 2000Â® 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

$88.14

Average Daily Volume

2,306,934

Number of Holdings ^*

1752

* may have additional holdings in another (foreign) market

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.79

Average Daily Volume

77,471

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	VTWO	SMLF
30 Days	-0.60%	1.31%
60 Days	4.66%	6.97%
90 Days	8.41%	8.42%
12 Months	27.02%	30.08%

467 Overlapping Holdings

Symbol	Grade	Weight in VTWO	Weight in SMLF	Overlap
AAN	D	0.01%	0.1%	0.01%
ABG	D	0.18%	0.15%	0.15%
ACA	C	0.16%	0.09%	0.09%
ACAD	F	0.07%	0.11%	0.07%
ACCD	F	0.01%	0.04%	0.01%
ACCO	C	0.02%	0.12%	0.02%
ACLS	F	0.13%	0.17%	0.13%
ACLX	C	0.11%	0.15%	0.11%
ADMA	B	0.14%	0.06%	0.06%
AEIS	D	0.15%	0.01%	0.01%
AEO	C	0.14%	0.06%	0.06%
AGM	F	0.07%	0.09%	0.07%
AGS	D	0.02%	0.04%	0.02%
AGX	B	0.04%	0.06%	0.04%
AGYS	D	0.09%	0.04%	0.04%
AIN	D	0.11%	0.01%	0.01%
AIT	A	0.29%	0.11%	0.11%
AIV	C	0.05%	0.07%	0.05%
AKRO	C	0.07%	0.02%	0.02%
ALHC	C	0.03%	0.02%	0.02%
ALIT	D	0.13%	0.09%	0.09%
ALKS	C	0.18%	0.3%	0.18%
ALRM	F	0.11%	0.03%	0.03%
ALX	C	0.02%	0.12%	0.02%
AMBC	F	0.02%	0.05%	0.02%
AMCX	F	0.01%	0.02%	0.01%
AMN	F	0.07%	0.06%	0.06%
AMPH	C	0.07%	0.08%	0.07%
AMR	F	0.1%	0.15%	0.1%
AMRX	A	0.05%	0.06%	0.05%
ANAB	D	0.03%	0.07%	0.03%
ANF	D	0.27%	0.32%	0.27%
APOG	B	0.05%	0.1%	0.05%
ARCB	D	0.09%	0.03%	0.03%
ARCH	D	0.09%	0.03%	0.03%
ARCT	D	0.02%	0.02%	0.02%
AROC	C	0.12%	0.11%	0.11%
ARRY	F	0.04%	0.04%	0.04%
ARWR	F	0.11%	0.03%	0.03%
ASAN	F	0.04%	0.05%	0.04%
ASB	F	0.13%	0.08%	0.08%
ASGN	D	0.16%	0.01%	0.01%
ASO	D	0.15%	0.08%	0.08%
ATEN	C	0.04%	0.08%	0.04%
ATKR	F	0.13%	0.2%	0.13%
ATRC	D	0.05%	0.03%	0.03%
AVAV	B	0.2%	0.05%	0.05%
AVNT	B	0.16%	0.19%	0.16%
AVXL	D	0.02%	0.04%	0.02%
AWR	B	0.11%	0.12%	0.11%
AX	D	0.14%	0.0%	0.0%
AXSM	C	0.12%	0.22%	0.12%
BAND	F	0.02%	0.11%	0.02%
BANF	D	0.08%	0.12%	0.08%
BASE	F	0.03%	0.1%	0.03%
BBIO	F	0.15%	0.03%	0.03%
BCC	B	0.2%	0.23%	0.2%
BCO	A	0.18%	0.08%	0.08%
BCPC	C	0.21%	0.05%	0.05%
BCRX	D	0.07%	0.12%	0.07%
BDC	B	0.16%	0.09%	0.09%
BDN	A	0.03%	0.0%	0.0%
BEAM	F	0.08%	0.05%	0.05%
BECN	F	0.21%	0.09%	0.09%
BIGC	F	0.02%	0.01%	0.01%
BKD	D	0.05%	0.05%	0.05%
BKE	C	0.05%	0.12%	0.05%
BKH	B	0.15%	0.01%	0.01%
BKU	D	0.11%	0.0%	0.0%
BL	D	0.11%	0.14%	0.11%
BLKB	C	0.13%	0.13%	0.13%
BLMN	F	0.05%	0.07%	0.05%
BMBL	F	0.02%	0.02%	0.02%
BMI	A	0.23%	0.16%	0.16%
BOH	F	0.1%	0.0%	0.0%
BOX	C	0.17%	0.08%	0.08%
BPMC	F	0.22%	0.13%	0.13%
BRSP	D	0.03%	0.03%	0.03%
BRY	F	0.02%	0.02%	0.02%
BRZE	F	0.09%	0.13%	0.09%
BSIG	C	0.03%	0.01%	0.01%
CAKE	B	0.07%	0.01%	0.01%
CAL	F	0.05%	0.09%	0.05%
CALX	C	0.08%	0.03%	0.03%
CARG	C	0.09%	0.1%	0.09%
CARS	F	0.04%	0.08%	0.04%
CASH	D	0.07%	0.0%	0.0%
CBT	B	0.21%	0.13%	0.13%
CEIX	B	0.11%	0.07%	0.07%
CENTA	F	0.07%	0.06%	0.06%
CERS	F	0.02%	0.05%	0.02%
CFFN	D	0.03%	0.04%	0.03%
CGEM	F	0.03%	0.04%	0.03%
CHCO	D	0.06%	0.0%	0.0%
CHX	F	0.22%	0.12%	0.12%
CMC	C	0.23%	0.14%	0.14%
CMPR	F	0.07%	0.11%	0.07%
CNDT	B	0.02%	0.02%	0.02%
CNMD	D	0.08%	0.07%	0.07%
CNO	C	0.14%	0.15%	0.14%
CNS	C	0.09%	0.03%	0.03%
CNX	A	0.15%	0.05%	0.05%
COOP	C	0.22%	0.4%	0.22%
CORT	B	0.11%	0.25%	0.11%
COUR	F	0.04%	0.11%	0.04%
CPRX	C	0.09%	0.22%	0.09%
CRAI	B	0.04%	0.01%	0.01%
CRC	B	0.13%	0.09%	0.09%
CRDO	C	0.16%	0.08%	0.08%
CRS	B	0.26%	0.09%	0.09%
CSWI	B	0.19%	0.08%	0.08%
CTBI	D	0.03%	0.05%	0.03%
CUBI	F	0.06%	0.08%	0.06%
CVBF	D	0.09%	0.0%	0.0%
CVCO	A	0.13%	0.16%	0.13%
CVI	F	0.03%	0.04%	0.03%
CVLT	C	0.25%	0.07%	0.07%
CWK	C	0.11%	0.01%	0.01%
CXW	F	0.06%	0.07%	0.06%
CYTK	F	0.24%	0.11%	0.11%
DAN	F	0.05%	0.03%	0.03%
DAWN	D	0.03%	0.04%	0.03%
DBI	F	0.01%	0.03%	0.01%
DEI	A	0.1%	0.0%	0.0%
DFIN	D	0.06%	0.12%	0.06%
DH	F	0.01%	0.07%	0.01%
DIN	D	0.02%	0.04%	0.02%
DLX	F	0.03%	0.07%	0.03%
DNLI	C	0.11%	0.22%	0.11%
DNOW	F	0.05%	0.09%	0.05%
DOCN	C	0.09%	0.02%	0.02%
DOMO	F	0.01%	0.06%	0.01%
DVAX	D	0.05%	0.08%	0.05%
DY	C	0.19%	0.02%	0.02%
DYN	D	0.14%	0.02%	0.02%
EGBN	C	0.02%	0.0%	0.0%
EIG	B	0.04%	0.07%	0.04%
EMBC	D	0.04%	0.03%	0.03%
ENR	B	0.09%	0.01%	0.01%
ENS	C	0.15%	0.04%	0.04%
ENSG	D	0.31%	0.14%	0.14%
ENVA	C	0.08%	0.01%	0.01%
EPAC	C	0.08%	0.06%	0.06%
EPC	F	0.07%	0.01%	0.01%
EQC	D	0.08%	0.07%	0.07%
ERAS	D	0.01%	0.02%	0.01%
EVH	D	0.14%	0.04%	0.04%
EVRI	B	0.04%	0.02%	0.02%
EVTC	D	0.08%	0.03%	0.03%
EXLS	B	0.21%	0.2%	0.2%
EXPI	C	0.04%	0.11%	0.04%
EXPO	B	0.2%	0.11%	0.11%
EXTR	D	0.07%	0.17%	0.07%
EYPT	F	0.02%	0.05%	0.02%
FBP	D	0.13%	0.21%	0.13%
FFIN	D	0.18%	0.04%	0.04%
FL	F	0.1%	0.03%	0.03%
FLNC	C	0.04%	0.08%	0.04%
FLR	D	0.32%	0.08%	0.08%
FLWS	F	0.01%	0.01%	0.01%
FLYW	F	0.08%	0.03%	0.03%
FN	C	0.33%	0.06%	0.06%
FOLD	F	0.13%	0.05%	0.05%
FSS	B	0.21%	0.02%	0.02%
FULT	D	0.13%	0.0%	0.0%
GATX	D	0.19%	0.13%	0.13%
GCO	F	0.01%	0.07%	0.01%
GDOT	C	0.02%	0.0%	0.0%
GEF	C	0.01%	0.01%	0.01%
GEF	C	0.06%	0.01%	0.01%
GEO	F	0.06%	0.06%	0.06%
GFF	B	0.09%	0.12%	0.09%
GH	F	0.11%	0.15%	0.11%
GIII	C	0.04%	0.03%	0.03%
GKOS	C	0.24%	0.07%	0.07%
GMS	D	0.13%	0.08%	0.08%
GNW	C	0.11%	0.0%	0.0%
GOLF	F	0.07%	0.13%	0.07%
GPI	C	0.18%	0.21%	0.18%
GPMT	D	0.0%	0.06%	0.0%
GPRO	D	0.01%	0.02%	0.01%
HAE	D	0.14%	0.19%	0.14%
HAIN	C	0.03%	0.02%	0.02%
HALO	D	0.29%	0.27%	0.27%
HASI	C	0.13%	0.09%	0.09%
HCAT	D	0.02%	0.01%	0.01%
HCC	D	0.12%	0.06%	0.06%
HE	F	0.04%	0.07%	0.04%
HEES	D	0.06%	0.07%	0.06%
HELE	D	0.05%	0.04%	0.04%
HI	F	0.09%	0.08%	0.08%
HIMS	C	0.1%	0.09%	0.09%
HLF	F	0.03%	0.04%	0.03%
HMST	B	0.01%	0.02%	0.01%
HNI	B	0.09%	0.03%	0.03%
HOV	C	0.04%	0.13%	0.04%
HP	F	0.12%	0.09%	0.09%
HPP	F	0.03%	0.0%	0.0%
HQY	B	0.25%	0.01%	0.01%
HSII	B	0.03%	0.26%	0.03%
HSTM	B	0.03%	0.04%	0.03%
HTH	D	0.06%	0.11%	0.06%
HTZ	F	0.01%	0.01%	0.01%
HURN	C	0.07%	0.24%	0.07%
HWC	D	0.17%	0.07%	0.07%
HWKN	A	0.09%	0.06%	0.06%
IBOC	D	0.13%	0.09%	0.09%
IBP	C	0.2%	0.05%	0.05%
ICFI	C	0.11%	0.11%	0.11%
IDCC	A	0.13%	0.07%	0.07%
IDT	C	0.02%	0.03%	0.02%
IESC	B	0.06%	0.02%	0.02%
IGT	F	0.09%	0.16%	0.09%
ILPT	D	0.01%	0.08%	0.01%
IMKTA	F	0.04%	0.26%	0.04%
INSM	D	0.44%	0.11%	0.11%
INTA	C	0.07%	0.23%	0.07%
INVA	B	0.04%	0.1%	0.04%
IOSP	F	0.11%	0.04%	0.04%
IPAR	D	0.09%	0.13%	0.09%
IRTC	F	0.08%	0.05%	0.05%
IRWD	F	0.03%	0.02%	0.02%
ITGR	C	0.16%	0.05%	0.05%
ITRI	C	0.17%	0.05%	0.05%
IVT	B	0.07%	0.15%	0.07%
JACK	F	0.04%	0.09%	0.04%
JAMF	F	0.05%	0.01%	0.01%
JANX	D	0.05%	0.02%	0.02%
JBSS	F	0.03%	0.21%	0.03%
JELD	D	0.05%	0.03%	0.03%
JOBY	F	0.07%	0.01%	0.01%
JOE	D	0.08%	0.23%	0.08%
JXN	B	0.25%	0.0%	0.0%
KAI	C	0.14%	0.12%	0.12%
KALU	D	0.04%	0.01%	0.01%
KFRC	F	0.05%	0.18%	0.05%
KFY	C	0.14%	0.02%	0.02%
KLG	D	0.04%	0.04%	0.04%
KLIC	D	0.09%	0.11%	0.09%
KN	D	0.06%	0.08%	0.06%
KNF	C	0.17%	0.07%	0.07%
KOS	F	0.08%	0.05%	0.05%
KREF	C	0.03%	0.04%	0.03%
KRG	C	0.21%	0.17%	0.17%
KRNY	D	0.01%	0.02%	0.01%
KW	C	0.05%	0.1%	0.05%
LADR	D	0.05%	0.06%	0.05%
LANC	F	0.12%	0.02%	0.02%
LGND	D	0.07%	0.08%	0.07%
LILA	B	0.01%	0.12%	0.01%
LIVN	D	0.1%	0.21%	0.1%
LMAT	B	0.07%	0.02%	0.02%
LNTH	C	0.27%	0.24%	0.24%
LOVE	B	0.01%	0.1%	0.01%
LPG	F	0.05%	0.05%	0.05%
LRN	C	0.13%	0.14%	0.13%
LTH	C	0.05%	0.03%	0.03%
LUMN	C	0.2%	0.18%	0.18%
LXP	D	0.11%	0.08%	0.08%
MAC	B	0.13%	0.31%	0.13%
MATV	D	0.04%	0.1%	0.04%
MATX	B	0.17%	0.19%	0.17%
MC	C	0.17%	0.0%	0.0%
MCB	C	0.02%	0.09%	0.02%
MCY	B	0.07%	0.05%	0.05%
MDGL	F	0.16%	0.08%	0.08%
MDXG	F	0.03%	0.04%	0.03%
MED	F	0.01%	0.07%	0.01%
MGNI	D	0.06%	0.03%	0.03%
MITK	F	0.02%	0.01%	0.01%
MLAB	B	0.03%	0.01%	0.01%
MLI	B	0.3%	0.41%	0.3%
MMS	A	0.21%	0.05%	0.05%
MMSI	C	0.2%	0.14%	0.14%
MOD	C	0.23%	0.29%	0.23%
MOG.A	B	0.21%	0.03%	0.03%
MRC	D	0.04%	0.08%	0.04%
MTRN	F	0.09%	0.1%	0.09%
MTW	F	0.01%	0.02%	0.01%
MUR	F	0.2%	0.2%	0.2%
NARI	F	0.08%	0.06%	0.06%
NATL	D	0.08%	0.04%	0.04%
NAVI	D	0.05%	0.2%	0.05%
NBR	F	0.03%	0.06%	0.03%
NBTB	D	0.08%	0.0%	0.0%
NFBK	D	0.02%	0.01%	0.01%
NGVT	D	0.05%	0.01%	0.01%
NHI	C	0.13%	0.05%	0.05%
NJR	C	0.17%	0.15%	0.15%
NOVT	D	0.24%	0.15%	0.15%
NRC	F	0.01%	0.04%	0.01%
NSIT	C	0.22%	0.09%	0.09%
NSP	F	0.12%	0.14%	0.12%
NSSC	F	0.06%	0.1%	0.06%
NTB	D	0.07%	0.07%	0.07%
NTCT	C	0.05%	0.11%	0.05%
NTLA	F	0.08%	0.02%	0.02%
NUS	F	0.02%	0.02%	0.02%
NUVL	B	0.1%	0.15%	0.1%
NWN	B	0.06%	0.01%	0.01%
NX	F	0.05%	0.03%	0.03%
ODP	F	0.04%	0.14%	0.04%
OFG	D	0.08%	0.29%	0.08%
OFIX	D	0.02%	0.03%	0.02%
OGS	A	0.14%	0.14%	0.14%
OI	D	0.07%	0.04%	0.04%
OII	D	0.1%	0.1%	0.1%
OIS	F	0.01%	0.01%	0.01%
OLPX	C	0.01%	0.02%	0.01%
OMER	F	0.01%	0.01%	0.01%
OMI	F	0.04%	0.06%	0.04%
OPCH	D	0.21%	0.11%	0.11%
OPEN	F	0.05%	0.03%	0.03%
OSCR	C	0.13%	0.11%	0.11%
OSIS	B	0.09%	0.02%	0.02%
OSUR	F	0.01%	0.02%	0.01%
OTTR	F	0.13%	0.07%	0.07%
OUT	C	0.09%	0.04%	0.04%
OXM	F	0.05%	0.07%	0.05%
PBF	F	0.13%	0.02%	0.02%
PBH	D	0.14%	0.08%	0.08%
PCH	C	0.13%	0.01%	0.01%
PCVX	B	0.33%	0.11%	0.11%
PDCO	F	0.07%	0.03%	0.03%
PDM	C	0.04%	0.18%	0.04%
PEB	D	0.06%	0.01%	0.01%
PFBC	D	0.04%	0.0%	0.0%
PFSI	C	0.11%	0.05%	0.05%
PGEN	F	0.01%	0.01%	0.01%
PGRE	D	0.03%	0.17%	0.03%
PHIN	D	0.08%	0.08%	0.08%
PI	B	0.14%	0.17%	0.14%
PIPR	C	0.18%	0.3%	0.18%
PLUS	C	0.09%	0.09%	0.09%
PNM	B	0.14%	0.11%	0.11%
POR	B	0.18%	0.07%	0.07%
POWI	F	0.14%	0.01%	0.01%
POWL	A	0.06%	0.29%	0.06%
PRDO	D	0.05%	0.0%	0.0%
PRG	C	0.07%	0.18%	0.07%
PRGS	B	0.09%	0.18%	0.09%
PRO	F	0.03%	0.02%	0.02%
PTCT	C	0.1%	0.02%	0.02%
PTEN	F	0.14%	0.11%	0.11%
PZZA	D	0.06%	0.05%	0.05%
QLYS	F	0.17%	0.12%	0.12%
RAMP	F	0.06%	0.02%	0.02%
RCUS	F	0.03%	0.05%	0.03%
RDFN	C	0.04%	0.04%	0.04%
RDN	D	0.2%	0.0%	0.0%
REVG	D	0.06%	0.03%	0.03%
RGNX	F	0.02%	0.03%	0.02%
RHP	C	0.23%	0.01%	0.01%
RIG	F	0.13%	0.07%	0.07%
RLJ	D	0.05%	0.02%	0.02%
RMBS	F	0.18%	0.2%	0.18%
RPD	D	0.09%	0.03%	0.03%
RUSHA	C	0.12%	0.05%	0.05%
RVMD	B	0.24%	0.03%	0.03%
RXT	C	0.01%	0.01%	0.01%
RYI	F	0.02%	0.03%	0.02%
SAH	D	0.03%	0.04%	0.03%
SANA	F	0.03%	0.07%	0.03%
SANM	D	0.14%	0.2%	0.14%
SATS	C	0.08%	0.16%	0.08%
SCS	D	0.05%	0.08%	0.05%
SFBS	D	0.15%	0.12%	0.12%
SFIX	F	0.01%	0.01%	0.01%
SFL	D	0.05%	0.07%	0.05%
SFM	A	0.39%	0.48%	0.39%
SGH	F	0.04%	0.03%	0.03%
SHO	D	0.08%	0.02%	0.02%
SIG	C	0.13%	0.28%	0.13%
SKT	A	0.12%	0.23%	0.12%
SKY	A	0.19%	0.16%	0.16%
SLAB	D	0.14%	0.04%	0.04%
SLG	C	0.16%	0.46%	0.16%
SLVM	C	0.1%	0.02%	0.02%
SM	F	0.19%	0.07%	0.07%
SMTC	C	0.11%	0.05%	0.05%
SNBR	C	0.01%	0.04%	0.01%
SNDX	F	0.06%	0.03%	0.03%
SNEX	C	0.08%	0.07%	0.07%
SONO	D	0.06%	0.04%	0.04%
SPRY	C	0.02%	0.04%	0.02%
SPSC	D	0.28%	0.13%	0.13%
SPT	F	0.06%	0.15%	0.06%
SQSP	A	0.1%	0.16%	0.1%
SR	A	0.13%	0.12%	0.12%
SRCE	D	0.04%	0.14%	0.04%
SSB	C	0.27%	0.01%	0.01%
SSTK	F	0.03%	0.13%	0.03%
STGW	C	0.02%	0.01%	0.01%
STRL	C	0.13%	0.24%	0.13%
SUPN	D	0.07%	0.02%	0.02%
SVC	F	0.03%	0.04%	0.03%
SWI	C	0.03%	0.01%	0.01%
SWIM	B	0.01%	0.03%	0.01%
SWTX	F	0.11%	0.01%	0.01%
SWX	C	0.16%	0.01%	0.01%
SYNA	F	0.12%	0.11%	0.11%
TARS	C	0.04%	0.04%	0.04%
TBBK	C	0.1%	0.0%	0.0%
TCBI	C	0.12%	0.03%	0.03%
TDOC	D	0.05%	0.18%	0.05%
TDS	B	0.09%	0.04%	0.04%
TENB	F	0.18%	0.08%	0.08%
TEX	F	0.14%	0.19%	0.14%
TGNA	B	0.09%	0.08%	0.08%
TGTX	C	0.12%	0.02%	0.02%
THR	F	0.04%	0.05%	0.04%
TILE	B	0.04%	0.04%	0.04%
TMHC	B	0.26%	0.1%	0.1%
TNC	F	0.07%	0.07%	0.07%
TNET	F	0.12%	0.14%	0.12%
TPB	B	0.03%	0.03%	0.03%
TPH	B	0.15%	0.16%	0.15%
TRMK	D	0.08%	0.0%	0.0%
TRN	C	0.1%	0.06%	0.06%
TTGT	F	0.03%	0.01%	0.01%
UDMY	F	0.03%	0.03%	0.03%
UFPI	B	0.27%	0.24%	0.24%
UMBF	C	0.17%	0.12%	0.12%
UNFI	B	0.03%	0.01%	0.01%
UNIT	C	0.04%	0.07%	0.04%
UPWK	D	0.04%	0.01%	0.01%
USNA	F	0.02%	0.02%	0.02%
UTL	C	0.04%	0.01%	0.01%
UVE	C	0.02%	0.03%	0.02%
UVV	C	0.05%	0.07%	0.05%
VAL	F	0.14%	0.01%	0.01%
VC	F	0.1%	0.08%	0.08%
VCEL	F	0.09%	0.02%	0.02%
VCYT	C	0.09%	0.17%	0.09%
VECO	F	0.07%	0.13%	0.07%
VERA	C	0.05%	0.08%	0.05%
VGR	C	0.08%	0.33%	0.08%
VIAV	C	0.07%	0.02%	0.02%
VIR	F	0.03%	0.07%	0.03%
VITL	C	0.04%	0.04%	0.04%
VMEO	C	0.03%	0.1%	0.03%
VNDA	F	0.01%	0.03%	0.01%
VRNS	C	0.23%	0.12%	0.12%
VSH	F	0.09%	0.11%	0.09%
VSTO	D	0.09%	0.13%	0.09%
WAFD	D	0.09%	0.12%	0.09%
WD	C	0.13%	0.03%	0.03%
WGO	D	0.06%	0.05%	0.05%
WK	D	0.15%	0.31%	0.15%
WLY	A	0.06%	0.07%	0.06%
WNC	F	0.03%	0.08%	0.03%
WOOF	C	0.01%	0.02%	0.01%
WOR	F	0.05%	0.08%	0.05%
WS	D	0.04%	0.18%	0.04%
WTFC	C	0.0%	0.02%	0.0%
WTI	D	0.01%	0.01%	0.01%
WTS	B	0.2%	0.13%	0.13%
WTTR	D	0.04%	0.05%	0.04%
XHR	C	0.05%	0.03%	0.03%
XNCR	D	0.04%	0.13%	0.04%
XPRO	F	0.07%	0.01%	0.01%
XRX	F	0.05%	0.23%	0.05%
YELP	F	0.08%	0.06%	0.06%
YEXT	B	0.02%	0.13%	0.02%
YOU	C	0.1%	0.29%	0.1%
ZIP	D	0.03%	0.05%	0.03%
ZUO	F	0.04%	0.01%	0.01%

VTWO Overweight 1285 Positions Relative to SMLF

Symbol	Grade	Weight
MTH	B	0.26%
ESNT	C	0.25%
TRNO	D	0.24%
CWST	D	0.23%
ONB	D	0.23%
HLNE	A	0.22%
CADE	D	0.22%
EPRT	C	0.21%
KBH	C	0.21%
ACIW	A	0.2%
GBCI	D	0.2%
TMDX	D	0.2%
SIGI	D	0.2%
UBSI	D	0.19%
ALTR	C	0.19%
GTLS	F	0.19%
HOMB	D	0.19%
RNA	A	0.18%
KRYS	D	0.18%
SUM	D	0.18%
RUN	D	0.17%
PECO	C	0.17%
MARA	F	0.17%
VRRM	D	0.17%
FUL	F	0.17%
IRT	C	0.17%
FELE	B	0.17%
ZWS	A	0.17%
MHO	A	0.16%
AUR	C	0.16%
TDW	F	0.16%
ZETA	B	0.16%
QTWO	C	0.16%
RDNT	C	0.16%
MGY	C	0.16%
SBRA	C	0.15%
NOG	D	0.15%
BOOT	B	0.15%
ORA	B	0.15%
CTRE	B	0.15%
ABCB	C	0.15%
HRI	B	0.15%
CRNX	D	0.15%
ESGR	D	0.15%
KTB	B	0.15%
BGC	B	0.14%
ALE	A	0.14%
VLY	C	0.14%
NEOG	D	0.14%
FTDR	C	0.14%
FORM	F	0.14%
SHAK	C	0.14%
STNE	F	0.14%
SEM	D	0.14%
WHD	B	0.14%
NPO	C	0.13%
KTOS	A	0.13%
NPAB	D	0.13%
HL	C	0.13%
BNL	B	0.13%
CWAN	C	0.13%
PLXS	B	0.13%
PRMW	C	0.13%
IIPR	C	0.13%
AXNX	A	0.13%
CBZ	F	0.13%
ICUI	B	0.13%
AUB	D	0.13%
WDFC	C	0.13%
ABM	D	0.13%
UCBI	C	0.13%
SGBX	F	0.12%
EAT	A	0.12%
MGEE	A	0.12%
DIOD	F	0.12%
ENV	C	0.12%
CBU	D	0.12%
BXMT	C	0.12%
CWT	D	0.12%
IDYA	F	0.12%
NMIH	C	0.12%
SHOO	A	0.12%
EBC	D	0.12%
UPST	C	0.12%
SXT	C	0.12%
WSFS	D	0.12%
APLE	D	0.12%
GLNG	A	0.12%
GVA	B	0.12%
RXO	D	0.12%
LBRT	F	0.12%
MWA	B	0.12%
STNG	D	0.12%
PRCT	C	0.12%
NWE	A	0.12%
ROAD	C	0.11%
CCS	C	0.11%
CRVL	C	0.11%
HGV	F	0.11%
JBT	B	0.11%
UNF	B	0.11%
RRR	D	0.11%
HUBG	D	0.11%
SMPL	D	0.11%
PJT	C	0.11%
LCII	B	0.11%
STEP	A	0.11%
REZI	F	0.11%
CALM	A	0.11%
IOVA	F	0.11%
ATGE	C	0.11%
DORM	C	0.11%
BTU	B	0.11%
PRIM	C	0.11%
CNK	C	0.11%
AVA	B	0.11%
CATY	D	0.11%
SKYW	B	0.11%
CCOI	B	0.11%
ESE	B	0.11%
RYTM	C	0.1%
AGIO	D	0.1%
JJSF	A	0.1%
FCPT	C	0.1%
PRFT	A	0.1%
APAM	C	0.1%
CPK	B	0.1%
GHC	B	0.1%
MGRC	D	0.1%
SFNC	C	0.1%
SITM	B	0.1%
CLDX	F	0.1%
INDB	D	0.1%
BUR	D	0.1%
GERN	D	0.1%
ACVA	C	0.1%
PATK	B	0.1%
TNDM	D	0.1%
SBCF	D	0.09%
URBN	F	0.09%
WERN	D	0.09%
HTLF	C	0.09%
CLSK	F	0.09%
KWR	D	0.09%
BE	F	0.09%
FRSH	F	0.09%
PFS	D	0.09%
CDE	C	0.09%
PLMR	D	0.09%
FIBK	D	0.09%
TOWN	D	0.09%
AZZ	C	0.09%
SGRY	C	0.09%
PPBI	D	0.09%
MTX	D	0.09%
GRBK	B	0.09%
UFPT	D	0.09%
MQ	F	0.09%
TWST	D	0.09%
FFBC	D	0.09%
ABR	B	0.09%
PTGX	C	0.09%
GT	F	0.09%
PRK	D	0.09%
UE	B	0.09%
MYGN	D	0.09%
OMCL	C	0.08%
RIOT	F	0.08%
BANR	C	0.08%
KMT	C	0.08%
PRVA	F	0.08%
ADNT	D	0.08%
UEC	C	0.08%
ASTH	B	0.08%
LAUR	C	0.08%
NVCR	F	0.08%
SXI	B	0.08%
MRCY	C	0.08%
PAGS	F	0.08%
INSW	C	0.08%
ADUS	C	0.08%
VERX	B	0.08%
NEO	F	0.08%
MLKN	F	0.08%
IBTX	D	0.08%
ROCK	D	0.08%
STRA	F	0.08%
KYMR	C	0.08%
MIR	B	0.08%
CSTM	D	0.08%
RKLB	B	0.08%
ZD	D	0.08%
VCTR	C	0.08%
HBI	B	0.08%
PSMT	B	0.08%
LGIH	C	0.08%
AMBA	C	0.08%
AIR	D	0.08%
AKR	B	0.08%
FRME	D	0.08%
PDFS	F	0.07%
NWBI	D	0.07%
IMVT	F	0.07%
PAR	D	0.07%
VSCO	C	0.07%
DRH	D	0.07%
WSBC	D	0.07%
B	D	0.07%
KAR	D	0.07%
COMP	C	0.07%
GPOR	B	0.07%
NMRK	B	0.07%
ROIC	B	0.07%
ALG	D	0.07%
VSAT	F	0.07%
SJW	D	0.07%
RXST	F	0.07%
AI	F	0.07%
RNST	D	0.07%
VRNT	F	0.07%
EFSC	D	0.07%
TTMI	D	0.07%
GSHD	B	0.07%
BANC	C	0.07%
PGNY	F	0.07%
DBRG	D	0.07%
CABO	F	0.07%
STC	C	0.07%
THS	C	0.07%
ROG	D	0.07%
LOB	C	0.06%
GOGL	C	0.06%
CTS	D	0.06%
RXRX	F	0.06%
CHEF	B	0.06%
TRUP	D	0.06%
ARI	F	0.06%
SKWD	B	0.06%
BHE	C	0.06%
NRIX	D	0.06%
KURA	D	0.06%
CDNA	C	0.06%
JBGS	C	0.06%
SYBT	C	0.06%
JBLU	B	0.06%
JBI	F	0.06%
PRM	B	0.06%
PTON	D	0.06%
GTY	B	0.06%
LTC	C	0.06%
THRM	F	0.06%
PLAB	D	0.06%
OSW	C	0.06%
HLIT	C	0.06%
NBHC	D	0.06%
HLX	D	0.06%
STBA	D	0.06%
STAA	D	0.06%
BLBD	D	0.06%
CRGY	D	0.06%
MNKD	C	0.06%
TROX	D	0.06%
SCL	D	0.06%
ANDE	D	0.06%
UCTT	D	0.06%
ASPN	C	0.06%
NNI	C	0.06%
ARVN	F	0.06%
MYRG	F	0.06%
MIRM	D	0.06%
LKFN	D	0.06%
KNTK	C	0.06%
TALO	F	0.06%
FBNC	D	0.06%
FBK	D	0.06%
NHC	D	0.06%
FOXF	F	0.06%
GNL	D	0.06%
LZB	C	0.06%
FCF	D	0.06%
NVAX	D	0.06%
PMT	B	0.05%
NTST	D	0.05%
HROW	C	0.05%
RCKT	F	0.05%
UMH	C	0.05%
MSGE	B	0.05%
COHU	F	0.05%
INFN	C	0.05%
COLL	B	0.05%
AGL	F	0.05%
QCRH	D	0.05%
MGPI	D	0.05%
SCSC	D	0.05%
VSEC	D	0.05%
DEA	D	0.05%
LILAK	D	0.05%
USPH	F	0.05%
PARR	F	0.05%
DK	F	0.05%
WRBY	C	0.05%
AAT	C	0.05%
SAFT	D	0.05%
NIC	D	0.05%
APPN	D	0.05%
PHR	F	0.05%
VBTX	C	0.05%
INMD	F	0.05%
LC	D	0.05%
WABC	F	0.05%
KROS	C	0.05%
RC	F	0.05%
AMC	F	0.05%
PWSC	C	0.05%
SBH	B	0.05%
EWTX	B	0.05%
LNN	B	0.05%
TNK	D	0.05%
NVEE	F	0.05%
SASR	C	0.05%
OCUL	C	0.05%
TGLS	A	0.05%
SOUN	D	0.05%
IART	F	0.05%
ENVX	F	0.05%
AMWD	C	0.05%
MODG	F	0.05%
AESI	C	0.05%
VRTS	F	0.05%
CSGS	C	0.05%
ARDX	D	0.05%
BUSE	D	0.05%
ALEX	D	0.05%
ESRT	C	0.05%
TCBK	D	0.05%
DHT	B	0.05%
ALKT	D	0.05%
HMN	C	0.05%
HLIO	C	0.05%
DO	D	0.05%
CODI	D	0.05%
SPNT	D	0.05%
HOPE	D	0.05%
GBX	C	0.05%
NVRI	D	0.04%
PRTA	F	0.04%
AMSF	B	0.04%
LMND	F	0.04%
DNUT	D	0.04%
PLYM	D	0.04%
AOSL	D	0.04%
CMCO	D	0.04%
FA	A	0.04%
AUPH	C	0.04%
VTOL	D	0.04%
AMRC	B	0.04%
PDFS	F	0.04%
CRK	C	0.04%
SBSI	D	0.04%
OBK	F	0.04%
COGT	C	0.04%
FDP	B	0.04%
PNTG	C	0.04%
MCRI	B	0.04%
RWT	C	0.04%
VZIO	B	0.04%
MRVI	D	0.04%
WULF	D	0.04%
QNST	C	0.04%
MRTN	D	0.04%
ICHR	F	0.04%
OCFC	C	0.04%
PLAY	D	0.04%
TRS	D	0.04%
TPC	B	0.04%
ACT	C	0.04%
MEG	F	0.04%
WINA	D	0.04%
DGII	D	0.04%
FBMS	C	0.04%
FIZZ	C	0.04%
SILK	A	0.04%
TRNS	D	0.04%
NXRT	D	0.04%
OEC	F	0.04%
EFC	D	0.04%
HRMY	B	0.04%
WWW	B	0.04%
XPEL	D	0.04%
UTZ	B	0.04%
AVNS	C	0.04%
PEBO	D	0.04%
WMK	D	0.04%
CSR	D	0.04%
MSEX	C	0.04%
ARLO	F	0.04%
AHCO	B	0.04%
SPNS	C	0.04%
CNNE	F	0.04%
PBI	C	0.04%
SMMT	D	0.04%
SABR	C	0.04%
GABC	D	0.04%
ARQT	D	0.04%
LBPH	D	0.04%
SAVA	D	0.04%
SDGR	F	0.04%
ECPG	F	0.04%
ANIP	D	0.04%
PLUG	F	0.04%
BHLB	D	0.04%
MXL	F	0.04%
NOVA	D	0.04%
DOLE	C	0.04%
RLAY	F	0.03%
SIBN	F	0.03%
IBUY	A	0.03%
EGY	D	0.03%
IBCP	D	0.03%
INDI	F	0.03%
AMRK	B	0.03%
NR	F	0.03%
DXPE	B	0.03%
HZO	C	0.03%
RVNC	D	0.03%
CYH	C	0.03%
DJCO	C	0.03%
UTI	D	0.03%
AMSC	D	0.03%
CMTG	F	0.03%
HBNC	D	0.03%
MTUS	F	0.03%
CTKB	F	0.03%
TVTX	C	0.03%
SMP	D	0.03%
REX	D	0.03%
VVI	C	0.03%
ATEC	F	0.03%
BV	B	0.03%
PCRX	F	0.03%
RSI	C	0.03%
RGR	F	0.03%
INN	B	0.03%
ETH	D	0.03%
HY	F	0.03%
PUMP	F	0.03%
SCVL	C	0.03%
MBWM	D	0.03%
PRA	C	0.03%
CHPT	F	0.03%
CPF	C	0.03%
MBUU	D	0.03%
BELFB	B	0.03%
SHEN	F	0.03%
AXL	F	0.03%
GNK	C	0.03%
OSBC	D	0.03%
FDMT	F	0.03%
SXC	F	0.03%
GCI	C	0.03%
PCT	C	0.03%
MATW	F	0.03%
SCHL	D	0.03%
DESP	C	0.03%
LFST	C	0.03%
CENX	C	0.03%
NAT	D	0.03%
FCBC	D	0.03%
SPTN	B	0.03%
ASIX	B	0.03%
DHC	B	0.03%
PLRX	F	0.03%
HAYN	B	0.03%
ETWO	D	0.03%
RPAY	F	0.03%
ELVN	B	0.03%
ASTE	F	0.03%
CSTL	C	0.03%
ETNB	F	0.03%
FSLY	D	0.03%
HCI	C	0.03%
IMNM	F	0.03%
ASC	D	0.03%
HFWA	D	0.03%
MBIN	D	0.03%
PRLB	F	0.03%
TMP	D	0.03%
CFB	D	0.03%
ACHR	F	0.03%
FWRD	D	0.03%
GDYN	B	0.03%
HCSG	D	0.03%
FIGS	C	0.03%
AMK	B	0.03%
DX	C	0.03%
KOP	F	0.03%
MNRO	C	0.03%
AHH	F	0.03%
COMM	C	0.03%
FLNG	D	0.03%
GRC	B	0.03%
EYE	F	0.03%
UVSP	D	0.03%
PETQ	A	0.03%
XMTR	D	0.03%
ECVT	F	0.03%
IRON	C	0.03%
IAS	F	0.03%
LGF.A	F	0.03%
BLND	C	0.03%
CECO	D	0.03%
BXC	D	0.03%
CNXN	C	0.03%
FG	C	0.03%
BLX	C	0.03%
CGON	C	0.03%
DRVN	C	0.03%
USLM	C	0.03%
BY	D	0.03%
VICR	C	0.03%
BHRB	D	0.03%
ATSG	C	0.03%
CBRL	D	0.03%
EOLS	B	0.03%
RVLV	C	0.03%
DCO	B	0.03%
PFC	D	0.03%
HA	A	0.03%
TGI	F	0.03%
GPRE	F	0.03%
BRKL	D	0.03%
PRAA	F	0.03%
CNOB	C	0.03%
IMAX	D	0.03%
GSAT	F	0.03%
NABL	F	0.03%
ACMR	D	0.03%
CLB	D	0.03%
VRDN	B	0.03%
MD	B	0.03%
BFC	D	0.03%
BLFS	D	0.03%
CXM	F	0.03%
FMBH	D	0.03%
ERII	C	0.03%
SHLS	F	0.03%
BZH	B	0.03%
DCOM	C	0.03%
CWH	C	0.03%
DFH	C	0.03%
MMI	C	0.03%
BBSI	A	0.03%
CDRE	B	0.03%
ENFN	C	0.02%
NPK	F	0.02%
CTLP	B	0.02%
SPFI	D	0.02%
BALY	B	0.02%
CLDT	D	0.02%
ADV	F	0.02%
LMNR	C	0.02%
CWCO	F	0.02%
SIGA	F	0.02%
PX	B	0.02%
AAOI	D	0.02%
SVRA	D	0.02%
AEHR	F	0.02%
WRLD	D	0.02%
TWI	D	0.02%
CTO	D	0.02%
SD	F	0.02%
DHIL	C	0.02%
PAHC	C	0.02%
LXU	D	0.02%
BFS	B	0.02%
UFCS	D	0.02%
RUSHB	C	0.02%
OLP	C	0.02%
BBW	B	0.02%
NWPX	B	0.02%
ALEC	F	0.02%
SNCY	D	0.02%
CCSI	C	0.02%
MOFG	D	0.02%
TWKS	C	0.02%
SHBI	D	0.02%
DMRC	F	0.02%
GTN	D	0.02%
TRDA	D	0.02%
ITOS	F	0.02%
TERN	D	0.02%
PFIS	D	0.02%
IBTA	D	0.02%
WEAV	B	0.02%
ESQ	C	0.02%
MNMD	F	0.02%
MAX	D	0.02%
ZEUS	F	0.02%
WVE	C	0.02%
ATEX	D	0.02%
AIOT	C	0.02%
GCMG	C	0.02%
MPB	C	0.02%
LYTS	B	0.02%
PL	D	0.02%
ZUMZ	D	0.02%
ANET	B	0.02%
FPI	D	0.02%
KE	F	0.02%
CSV	C	0.02%
NTGR	C	0.02%
FC	C	0.02%
SAGE	F	0.02%
LGF.A	F	0.02%
GIC	D	0.02%
LAND	D	0.02%
FLGT	F	0.02%
TYRA	C	0.02%
INOD	D	0.02%
QTRX	F	0.02%
ZIMV	F	0.02%
CLFD	D	0.02%
SMBK	C	0.02%
AVO	C	0.02%
LQDT	C	0.02%
FSBC	C	0.02%
VERV	F	0.02%
ALT	F	0.02%
NBN	B	0.02%
OLMA	D	0.02%
CCBG	C	0.02%
PTVE	D	0.02%
MSBI	D	0.02%
WLDN	A	0.02%
TK	B	0.02%
URGN	F	0.02%
PGC	D	0.02%
CLBK	F	0.02%
SHYF	D	0.02%
ANNX	C	0.02%
BHB	D	0.02%
VREX	F	0.02%
FUBO	F	0.02%
PKST	D	0.02%
AROW	D	0.02%
CCRN	F	0.02%
SEMR	B	0.02%
CCNE	D	0.02%
CHCT	F	0.02%
TIPT	C	0.02%
FWRG	F	0.02%
NRDS	D	0.02%
ARKO	C	0.02%
RYAM	B	0.02%
THFF	D	0.02%
GSBC	D	0.02%
KALV	F	0.02%
REPL	C	0.02%
STOK	D	0.02%
IIIV	F	0.02%
SGHC	B	0.02%
INST	C	0.02%
GOGO	F	0.02%
KIDS	F	0.02%
YMAB	D	0.02%
TRTX	D	0.02%
RBCAA	C	0.02%
CCO	D	0.02%
HONE	D	0.02%
CLNE	C	0.02%
HUMA	D	0.02%
FULC	F	0.02%
HTBI	D	0.02%
DAKT	D	0.02%
SRCL	B	0.02%
NEXT	F	0.02%
CLW	F	0.02%
SLQT	F	0.02%
ABUS	D	0.02%
SRDX	D	0.02%
LESL	F	0.02%
ADPT	B	0.02%
RES	D	0.02%
LQDA	F	0.02%
LASR	F	0.02%
OPK	D	0.02%
SMBC	D	0.02%
OLO	F	0.02%
LEU	A	0.02%
YORW	D	0.02%
CEVA	B	0.02%
WASH	D	0.02%
PHAT	C	0.02%
AXGN	B	0.02%
MYE	F	0.02%
MCBS	C	0.02%
FMNB	D	0.02%
GMRE	C	0.02%
IMXI	D	0.02%
BJRI	D	0.02%
HTLD	F	0.02%
NNBR	C	0.02%
SLP	F	0.02%
TREE	C	0.02%
CAC	C	0.02%
NUVB	F	0.02%
UHT	C	0.02%
THRY	F	0.02%
CASS	D	0.02%
LPRO	D	0.02%
BFST	C	0.02%
IE	D	0.02%
AMAL	D	0.02%
FOR	D	0.02%
EQBK	C	0.02%
REAX	D	0.02%
HAFC	D	0.02%
BBUC	B	0.02%
CCB	C	0.02%
CBL	D	0.02%
CIFR	F	0.02%
ACEL	C	0.02%
EBF	B	0.02%
HTBK	D	0.02%
CMRE	C	0.02%
MCW	F	0.02%
APLT	B	0.02%
GOOD	A	0.02%
OSPN	C	0.02%
MLNK	F	0.02%
EVER	D	0.02%
ARHS	F	0.02%
PLOW	C	0.02%
PAX	F	0.02%
SMR	C	0.02%
ORIC	D	0.02%
SRRK	F	0.02%
CHUY	B	0.02%
IIIN	F	0.02%
ATRO	D	0.02%
EU	D	0.02%
GDEN	D	0.02%
TRST	D	0.02%
PUBM	F	0.02%
AMTB	F	0.02%
ALGT	D	0.02%
ORRF	C	0.02%
GLDD	B	0.02%
KELYA	D	0.02%
CDMO	C	0.02%
WSR	B	0.02%
LMB	C	0.02%
BGS	D	0.02%
PTLO	C	0.02%
HCKT	C	0.02%
SWBI	F	0.02%
MLR	D	0.02%
TAYD	D	0.01%
FREY	F	0.01%
TSQ	F	0.01%
PESI	C	0.01%
ESCA	D	0.01%
SSTI	F	0.01%
SES	F	0.01%
SKYH	D	0.01%
STTK	F	0.01%
CDZI	F	0.01%
QUAD	D	0.01%
HFFG	D	0.01%
LUNR	D	0.01%
POWW	F	0.01%
NREF	B	0.01%
SCPH	F	0.01%
AVD	F	0.01%
RELL	C	0.01%
SMTI	F	0.01%
EGAN	F	0.01%
OPRX	F	0.01%
TWIN	F	0.01%
STRS	D	0.01%
GWRS	D	0.01%
DXLG	F	0.01%
MDWD	D	0.01%
TNYA	F	0.01%
PLL	D	0.01%
DSGN	C	0.01%
PEPG	F	0.01%
RSVR	D	0.01%
ACHV	C	0.01%
MFIN	D	0.01%
RDW	D	0.01%
QRHC	D	0.01%
DC	D	0.01%
ACDC	D	0.01%
ULCC	D	0.01%
CHRS	F	0.01%
CHMG	C	0.01%
MYFW	C	0.01%
SAMG	C	0.01%
JILL	F	0.01%
BBCP	F	0.01%
IBEX	C	0.01%
ESSA	C	0.01%
IGMS	D	0.01%
OBIO	F	0.01%
EML	B	0.01%
VRA	F	0.01%
PAYS	F	0.01%
USCB	D	0.01%
MHLD	F	0.01%
SMID	D	0.01%
CDLX	F	0.01%
MGTX	F	0.01%
EPM	C	0.01%
FFNW	C	0.01%
FRGE	F	0.01%
IHRT	C	0.01%
BBAI	F	0.01%
VIRC	D	0.01%
LAW	D	0.01%
TG	B	0.01%
FF	B	0.01%
BSVN	D	0.01%
ATLO	F	0.01%
LNZA	D	0.01%
FLL	F	0.01%
HNRG	C	0.01%
OFLX	D	0.01%
HOFT	D	0.01%
CDXC	C	0.01%
AEYE	C	0.01%
VEL	C	0.01%
CTGO	F	0.01%
BTMD	F	0.01%
JOUT	F	0.01%
ASLE	F	0.01%
TCX	F	0.01%
ISTR	C	0.01%
PVBC	C	0.01%
ATOS	C	0.01%
STHO	C	0.01%
KRT	F	0.01%
NKSH	D	0.01%
DSP	C	0.01%
MBI	F	0.01%
RGCO	C	0.01%
AFCG	D	0.01%
GAMB	D	0.01%
BLDE	F	0.01%
EAF	D	0.01%
FSP	D	0.01%
CRBU	F	0.01%
SEVN	C	0.01%
ONTF	F	0.01%
NATR	F	0.01%
BLNK	F	0.01%
MRSN	D	0.01%
TTSH	D	0.01%
ALTG	F	0.01%
LFMD	F	0.01%
NNBR	C	0.01%
ACTG	F	0.01%
OVLY	D	0.01%
FSTR	D	0.01%
INO	F	0.01%
FCEL	F	0.01%
PYXS	D	0.01%
BCBP	D	0.01%
TRVI	C	0.01%
VABK	C	0.01%
GLUE	D	0.01%
SGC	F	0.01%
FLXS	C	0.01%
NXDT	D	0.01%
CTV	F	0.01%
BWFG	C	0.01%
MVIS	D	0.01%
ATLC	C	0.01%
PSTX	D	0.01%
OB	D	0.01%
MLP	D	0.01%
JAKK	C	0.01%
INSE	C	0.01%
LCNB	D	0.01%
ZNTL	D	0.01%
LXRX	F	0.01%
TPIC	C	0.01%
BYRN	B	0.01%
CDXS	D	0.01%
WEYS	C	0.01%
BMEA	D	0.01%
FVCB	C	0.01%
NWFL	D	0.01%
SERA	D	0.01%
ADCT	D	0.01%
MBCN	C	0.01%
FET	F	0.01%
ASUR	D	0.01%
BHR	D	0.01%
TLS	D	0.01%
ORGO	D	0.01%
RNGR	C	0.01%
ALCO	D	0.01%
GENC	D	0.01%
FHTX	C	0.01%
ARAY	F	0.01%
CTOS	F	0.01%
PCB	D	0.01%
IRBT	F	0.01%
RMAX	B	0.01%
PANL	D	0.01%
CMPO	B	0.01%
BRT	D	0.01%
MITT	C	0.01%
LSEA	C	0.01%
CHGG	F	0.01%
MGNX	F	0.01%
PKBK	C	0.01%
GNE	D	0.01%
PBPB	D	0.01%
COFS	C	0.01%
LE	C	0.01%
EGHT	F	0.01%
NATH	A	0.01%
PCYO	C	0.01%
BARK	D	0.01%
SLDP	F	0.01%
NVRO	F	0.01%
PLBC	C	0.01%
RLGT	C	0.01%
BDTX	F	0.01%
HRTX	F	0.01%
TRAK	D	0.01%
NKTR	D	0.01%
EVCM	F	0.01%
BLFY	D	0.01%
FORR	F	0.01%
CIO	C	0.01%
THRD	C	0.01%
BRCC	F	0.01%
UTMD	F	0.01%
JRVR	F	0.01%
ORN	F	0.01%
LYEL	F	0.01%
RCKY	C	0.01%
EWCZ	F	0.01%
HPK	F	0.01%
NGS	D	0.01%
DGICA	B	0.01%
XOMA	D	0.01%
CBNK	C	0.01%
AMPS	F	0.01%
SGHT	D	0.01%
PINE	C	0.01%
TSVT	C	0.01%
RCEL	D	0.01%
GCBC	D	0.01%
MVBF	F	0.01%
CABA	F	0.01%
BOOM	D	0.01%
PRME	F	0.01%
TSBK	D	0.01%
BLZE	D	0.01%
UNTY	C	0.01%
SKYT	D	0.01%
TBI	F	0.01%
BCML	C	0.01%
FRST	D	0.01%
MEC	B	0.01%
MG	B	0.01%
CBAN	C	0.01%
NGVC	B	0.01%
HBB	B	0.01%
WSBF	D	0.01%
PFMT	D	0.01%
RRBI	D	0.01%
KRO	C	0.01%
PKE	F	0.01%
JMSB	C	0.01%
FDBC	D	0.01%
SFST	C	0.01%
TRUE	C	0.01%
OOMA	C	0.01%
CZFS	C	0.01%
REAL	D	0.01%
ENTA	F	0.01%
PKOH	B	0.01%
SSBK	D	0.01%
CIVB	C	0.01%
CPS	F	0.01%
APEI	F	0.01%
MTRX	C	0.01%
EB	F	0.01%
CRCT	C	0.01%
REFI	C	0.01%
IPI	C	0.01%
ACIC	F	0.01%
SPOK	D	0.01%
WOW	D	0.01%
RM	C	0.01%
DDD	F	0.01%
HEAR	C	0.01%
FLIC	C	0.01%
REI	F	0.01%
IAUX	D	0.01%
ALLO	F	0.01%
LUNG	D	0.01%
GNTY	D	0.01%
AMPY	D	0.01%
NKTX	F	0.01%
SAVE	F	0.01%
ATNI	C	0.01%
IMMR	D	0.01%
ANGO	B	0.01%
SMHI	F	0.01%
INZY	D	0.01%
VLGEA	C	0.01%
ALDX	C	0.01%
ONEW	F	0.01%
NECB	B	0.01%
HBT	D	0.01%
ULH	C	0.01%
SENEA	C	0.01%
BWB	C	0.01%
INGN	D	0.01%
FSBW	D	0.01%
INBK	D	0.01%
GRND	D	0.01%
TCBX	C	0.01%
NEWT	D	0.01%
PLPC	D	0.01%
FNLC	D	0.01%
OBT	C	0.01%
ITI	A	0.01%
LXFR	C	0.01%
AVAH	D	0.01%
TMCI	F	0.01%
VYGR	F	0.01%
LEGH	C	0.01%
EBTC	C	0.01%
TBPH	F	0.01%
PACK	D	0.01%
CMP	D	0.01%
CZNC	D	0.01%
RBBN	D	0.01%
XPOF	F	0.01%
APPS	F	0.01%
MNTK	D	0.01%
EDIT	F	0.01%
MCFT	F	0.01%
CRSR	D	0.01%
TITN	F	0.01%
PSTL	C	0.01%
AVNW	F	0.01%
GRPN	F	0.01%
HBCP	D	0.01%
RDVT	D	0.01%
EE	A	0.01%
FARO	D	0.01%
BWMN	F	0.01%
TH	F	0.01%
KODK	F	0.01%
MODV	F	0.01%
FNKO	B	0.01%
AKBA	F	0.01%
SB	C	0.01%
METC	D	0.01%
ITIC	C	0.01%
TCMD	C	0.01%
LINC	D	0.01%
REPX	D	0.01%
GHM	D	0.01%
FRBA	D	0.01%
WTBA	D	0.01%
LRMR	F	0.01%
OCGN	F	0.01%
DENN	D	0.01%
VPG	F	0.01%
GRNT	F	0.01%
WLFC	B	0.01%
NAPA	F	0.01%
AQST	C	0.01%
RGP	F	0.01%
MCS	B	0.01%
ODC	C	0.01%
LAZR	F	0.01%
PPTA	B	0.01%
CRMD	B	0.01%
PLSE	D	0.01%
NNOX	F	0.01%
ESPR	F	0.01%
ACNB	C	0.01%
GTHX	A	0.01%
CNSL	A	0.01%
FMAO	D	0.01%
BMRC	D	0.01%
ABSI	F	0.01%
LIND	D	0.01%
BOC	D	0.01%
LWLG	F	0.01%
MLYS	C	0.01%
TSHA	F	0.01%
FBIZ	C	0.01%
MEI	D	0.01%
APLD	B	0.01%
MOV	F	0.01%
BYND	D	0.01%
UIS	D	0.01%
USAP	B	0.01%
FATE	F	0.01%
FFWM	F	0.01%
AMSWA	C	0.01%
HRTG	D	0.01%
AURA	D	0.01%
BCAL	D	0.01%
CCCC	F	0.01%
HDSN	D	0.01%
CRMT	F	0.01%
LOCO	C	0.01%
NRIM	C	0.01%
CELC	F	0.01%
HNST	D	0.01%
STRO	F	0.01%
TRC	D	0.01%
PACB	F	0.01%
BTBT	D	0.01%
BVS	B	0.01%
ACRE	D	0.01%
IRMD	B	0.01%
ANIK	F	0.01%
CENT	F	0.01%
DCGO	F	0.01%
CVGW	B	0.01%
GLRE	C	0.01%
KRUS	D	0.01%
FNA	F	0.01%
RMR	B	0.01%
FRPH	D	0.01%
OABI	F	0.01%
XERS	C	0.01%
FISI	C	0.01%
RICK	F	0.01%
RBB	D	0.01%
BSRR	D	0.01%
SRI	F	0.01%
ALRS	C	0.01%
CARE	C	0.01%
HVT	F	0.01%
HIFS	D	0.01%
FFIC	D	0.01%
DSGR	B	0.01%
TTI	D	0.01%
CYRX	F	0.01%
RDUS	D	0.01%
NVEC	F	0.01%
QRTEB	D	0.0%
VGAS	D	0.0%
AMPX	F	0.0%
LYRA	F	0.0%
AVTE	D	0.0%
ARL	F	0.0%
SST	F	0.0%
RENB	F	0.0%
VALU	C	0.0%
TCI	F	0.0%
LLAP	F	0.0%
GOCO	F	0.0%
ELEV	F	0.0%
CIX	C	0.0%
VRCA	F	0.0%
EVEX	D	0.0%
ELYM	F	0.0%
GMGI	F	0.0%
GALT	C	0.0%
NL	C	0.0%
AIRS	D	0.0%
SWKH	F	0.0%
HLVX	F	0.0%
CLPR	B	0.0%
METCB	D	0.0%
ATNM	F	0.0%
RAPT	F	0.0%
HOWL	F	0.0%
OVID	D	0.0%
AKYA	D	0.0%
PRLD	F	0.0%
PRPL	F	0.0%
VHI	B	0.0%
CPSS	C	0.0%
VTSI	F	0.0%
RMBL	D	0.0%
TDUP	F	0.0%
SCWO	D	0.0%
ALXO	F	0.0%
HQI	C	0.0%
WALD	D	0.0%
NRDY	F	0.0%
TLYS	F	0.0%
STKS	F	0.0%
CURV	F	0.0%
INMB	F	0.0%
IPSC	F	0.0%
KOD	F	0.0%
MPX	D	0.0%
ZURA	D	0.0%
MAPS	F	0.0%
GLSI	D	0.0%
EP	D	0.0%
EEX	F	0.0%
EVI	D	0.0%
LWAY	B	0.0%
QBTS	F	0.0%
LCUT	F	0.0%
STEM	F	0.0%
REKR	F	0.0%
AMTX	F	0.0%
CRDF	D	0.0%
DLHC	F	0.0%
TUSK	C	0.0%
MASS	F	0.0%
RMNI	F	0.0%
PNRG	C	0.0%
QSI	F	0.0%
TTEC	D	0.0%
RILY	F	0.0%
CSTE	F	0.0%
PBYI	F	0.0%
NTIC	F	0.0%
NRGV	F	0.0%
ULBI	F	0.0%
RGLS	F	0.0%
KFS	D	0.0%
BLUE	F	0.0%
NPCE	F	0.0%
PRTH	C	0.0%
VERU	F	0.0%
MRAM	D	0.0%
PTSI	F	0.0%
PRCH	F	0.0%
ACRV	D	0.0%
GRWG	F	0.0%
NC	F	0.0%
BELFA	A	0.0%
ABOS	F	0.0%
CTRN	D	0.0%
CAPR	C	0.0%
QUIK	F	0.0%
QIPT	F	0.0%
HBIO	F	0.0%
XFOR	F	0.0%
BKSY	F	0.0%
XBIT	C	0.0%
ALIM	C	0.0%
SSP	F	0.0%
CVGI	F	0.0%
ZYXI	F	0.0%
INNV	D	0.0%
NODK	B	0.0%
COOK	C	0.0%
JYNT	F	0.0%
III	F	0.0%
SBT	F	0.0%
DIBS	D	0.0%
STXS	F	0.0%
BH	F	0.0%
SMLR	F	0.0%
EVC	D	0.0%
PBFS	C	0.0%
GEOS	D	0.0%
RGTI	F	0.0%
LCTX	F	0.0%
GBIO	F	0.0%
FENC	F	0.0%
CVRX	F	0.0%
CLAR	F	0.0%
KLTR	D	0.0%
INFU	D	0.0%
PEBK	F	0.0%
SKIN	F	0.0%
CMT	F	0.0%
MYPS	F	0.0%
CADL	D	0.0%
VTYX	F	0.0%
AOMR	F	0.0%
CRNC	F	0.0%

VTWO Underweight 349 Positions Relative to SMLF

Symbol	Grade	Weight
EME	C	-0.84%
EVR	C	-0.72%
APP	B	-0.7%
DECK	C	-0.68%
BPOP	D	-0.57%
JBL	D	-0.55%
MANH	C	-0.53%
WSM	C	-0.52%
NTNX	D	-0.5%
NVT	D	-0.5%
RS	D	-0.48%
ALSN	A	-0.48%
WING	B	-0.47%
HRB	C	-0.45%
AXON	A	-0.45%
IDA	B	-0.43%
CSL	A	-0.42%
DKS	D	-0.42%
LPX	A	-0.41%
FIX	B	-0.41%
ORI	A	-0.41%
CNM	F	-0.41%
MSTR	C	-0.41%
MEDP	F	-0.4%
DUOL	B	-0.4%
IOT	C	-0.4%
VNO	B	-0.4%
AM	A	-0.39%
COCO	C	-0.39%
PCOR	D	-0.38%
IBKR	A	-0.37%
LBRDA	C	-0.37%
BRX	B	-0.37%
WFRD	F	-0.37%
UTHR	B	-0.37%
LAMR	C	-0.36%
FR	C	-0.35%
NTRA	B	-0.35%
CR	C	-0.34%
CHE	B	-0.34%
CVNA	A	-0.34%
GTLB	D	-0.34%
TTEK	B	-0.34%
JEF	B	-0.34%
SOLV	D	-0.33%
THC	C	-0.33%
CAVA	C	-0.32%
EWBC	D	-0.32%
ITT	B	-0.32%
AYI	A	-0.31%
WSO	B	-0.31%
XRAY	D	-0.31%
GGG	B	-0.31%
SN	B	-0.3%
DDS	D	-0.3%
PSTG	F	-0.3%
SPXC	C	-0.3%
CROX	C	-0.29%
FLEX	B	-0.29%
GPK	B	-0.28%
SMAR	A	-0.27%
JHG	C	-0.27%
ENTG	D	-0.27%
AN	B	-0.27%
TPR	B	-0.26%
PRI	A	-0.26%
CHK	C	-0.26%
R	C	-0.26%
AMH	D	-0.26%
LBTYA	B	-0.26%
FCNCA	D	-0.25%
TPX	B	-0.25%
APA	F	-0.25%
COKE	B	-0.25%
LSCC	D	-0.25%
BLD	C	-0.25%
TREX	D	-0.24%
AGO	D	-0.24%
SMG	B	-0.23%
AMG	C	-0.23%
ETSY	F	-0.23%
RNR	A	-0.23%
GAP	F	-0.23%
HAS	A	-0.23%
W	D	-0.23%
SRPT	F	-0.23%
ESTC	F	-0.23%
ARW	C	-0.22%
AZPN	C	-0.22%
BBWI	F	-0.22%
AGCO	D	-0.22%
OVV	F	-0.22%
ONTO	C	-0.21%
CBSH	D	-0.21%
RPM	C	-0.21%
AR	C	-0.21%
CFR	D	-0.21%
CW	A	-0.21%
HIW	C	-0.2%
GLPI	B	-0.2%
TKR	B	-0.2%
ZION	D	-0.2%
RRX	C	-0.2%
AGNC	C	-0.19%
GES	F	-0.19%
RRC	D	-0.19%
HOG	C	-0.19%
TPG	C	-0.19%
EXEL	C	-0.19%
NDSN	B	-0.19%
ELF	F	-0.19%
BRKR	D	-0.19%
M	F	-0.19%
ACM	B	-0.19%
LNW	F	-0.18%
CWEN	A	-0.18%
FROG	F	-0.18%
BRC	C	-0.18%
KNSL	D	-0.18%
DCI	B	-0.18%
ALLE	A	-0.17%
AIZ	A	-0.17%
VOYA	A	-0.17%
ATI	B	-0.17%
RNG	F	-0.17%
OC	B	-0.17%
PVH	F	-0.17%
USFD	C	-0.17%
TOL	A	-0.17%
FAF	B	-0.17%
WCC	C	-0.17%
TTC	D	-0.16%
BJ	D	-0.16%
SLM	C	-0.16%
TOST	B	-0.16%
ESAB	C	-0.16%
HLI	B	-0.16%
IONS	F	-0.16%
PRKS	D	-0.16%
SSD	C	-0.16%
SPB	B	-0.16%
MMYT	D	-0.16%
RHI	D	-0.16%
DTM	A	-0.16%
WTM	D	-0.15%
OMF	D	-0.15%
TNL	B	-0.15%
RL	B	-0.15%
SF	A	-0.15%
AY	B	-0.15%
ONON	C	-0.15%
KIM	C	-0.15%
ESI	B	-0.15%
BSY	D	-0.14%
SCI	C	-0.14%
GME	D	-0.14%
UA	B	-0.14%
CRUS	D	-0.14%
RGLD	C	-0.14%
INSP	C	-0.14%
FYBR	C	-0.14%
SBGI	B	-0.14%
OGE	A	-0.13%
KRC	C	-0.13%
NOV	F	-0.13%
GNRC	B	-0.13%
NYT	B	-0.13%
CUBE	C	-0.13%
RYAN	A	-0.13%
FTAI	B	-0.13%
DOCS	B	-0.13%
HUN	B	-0.13%
MFA	C	-0.13%
KBR	D	-0.13%
THO	C	-0.13%
NFG	A	-0.13%
XPO	F	-0.13%
WMS	D	-0.13%
VMI	B	-0.13%
AA	C	-0.13%
OLN	D	-0.12%
BWXT	A	-0.12%
PCTY	C	-0.12%
NNN	A	-0.12%
MAT	C	-0.12%
WEN	C	-0.12%
SON	D	-0.11%
WH	C	-0.11%
PARA	F	-0.11%
UGI	C	-0.11%
BERY	C	-0.11%
WEX	C	-0.11%
UPBD	F	-0.1%
KSS	D	-0.1%
SAIA	D	-0.1%
OHI	C	-0.1%
FHI	C	-0.1%
WSC	D	-0.1%
BC	C	-0.1%
MTG	B	-0.1%
NYCB	D	-0.1%
WAL	C	-0.1%
IVZ	C	-0.1%
SWN	C	-0.1%
X	F	-0.1%
LSTR	D	-0.1%
LAZ	C	-0.1%
EGP	D	-0.1%
RDDT	C	-0.1%
APG	F	-0.09%
MPW	C	-0.09%
CACC	F	-0.09%
LBTYK	A	-0.09%
EEFT	F	-0.09%
YETI	D	-0.09%
CXT	F	-0.09%
SITC	F	-0.09%
MIDD	D	-0.09%
MTN	D	-0.09%
CHDN	D	-0.09%
LYFT	D	-0.08%
LZ	D	-0.08%
CAR	D	-0.08%
PD	F	-0.08%
NXST	D	-0.08%
MTSI	C	-0.08%
PNFP	D	-0.08%
PLNT	C	-0.08%
MKSI	F	-0.08%
CUZ	C	-0.08%
VFC	B	-0.08%
RGEN	F	-0.08%
ELAN	D	-0.08%
ASH	F	-0.08%
ALV	F	-0.08%
ADEA	C	-0.07%
CLH	C	-0.07%
TXRH	B	-0.07%
APPF	C	-0.07%
PEGA	C	-0.07%
AZEK	B	-0.07%
FLO	C	-0.07%
ANGI	C	-0.07%
HOUS	C	-0.07%
FHB	D	-0.07%
RYN	C	-0.07%
MASI	C	-0.07%
VKTX	D	-0.07%
OZK	F	-0.07%
ACHC	F	-0.07%
WYNN	B	-0.07%
COTY	F	-0.07%
PK	D	-0.06%
MERC	D	-0.06%
WBA	F	-0.06%
NVST	D	-0.06%
APLS	F	-0.06%
PEN	D	-0.06%
CASY	D	-0.06%
VAC	D	-0.06%
LFUS	C	-0.06%
FIVN	F	-0.06%
NXT	F	-0.06%
AMLX	D	-0.06%
MDU	C	-0.06%
CC	D	-0.06%
AMPL	D	-0.06%
STWD	C	-0.06%
AVDX	F	-0.05%
OLED	C	-0.05%
MAN	D	-0.05%
VNT	F	-0.05%
ACI	F	-0.05%
EHC	B	-0.05%
RKT	B	-0.05%
ITCI	D	-0.05%
BRBR	B	-0.05%
S	D	-0.05%
LECO	F	-0.05%
AFRM	C	-0.05%
CELH	F	-0.05%
PATH	D	-0.05%
FUN	F	-0.05%
SITE	D	-0.05%
KD	F	-0.05%
CLVT	D	-0.04%
FHN	D	-0.04%
OPI	F	-0.04%
QDEL	D	-0.04%
SOFI	C	-0.04%
SNV	D	-0.04%
PRGO	F	-0.04%
IVR	C	-0.04%
WBS	D	-0.04%
STAG	D	-0.04%
FCN	B	-0.04%
ROKU	D	-0.04%
QRTEA	F	-0.03%
TSE	C	-0.03%
CIEN	B	-0.03%
DNB	D	-0.03%
VIRT	C	-0.03%
ADT	D	-0.03%
BILL	D	-0.03%
CHRD	F	-0.03%
TWO	D	-0.03%
CHWY	C	-0.03%
TLRY	F	-0.03%
RLI	A	-0.03%
QXO	F	-0.03%
CORZ	C	-0.03%
CDP	A	-0.03%
MSM	D	-0.02%
KVYO	B	-0.02%
CACI	A	-0.02%
NWL	D	-0.02%
PII	D	-0.02%
VSTS	D	-0.02%
EDR	A	-0.02%
MSA	D	-0.02%
PR	F	-0.02%
EPR	C	-0.02%
CRSP	F	-0.02%
GMED	D	-0.02%
AXTA	C	-0.02%
SAFE	C	-0.02%
RBRK	F	-0.01%
DINO	F	-0.01%
ARR	D	-0.01%
GO	F	-0.01%
TDC	D	-0.01%
ALGM	F	-0.01%
MBC	B	-0.01%
VRE	C	-0.01%
TR	D	-0.01%
PYCR	D	-0.01%
ROIV	D	-0.01%
AXS	A	-0.01%
ALAB	D	-0.01%
GWRE	A	-0.01%
BYD	C	-0.01%
MBLY	F	-0.01%
NEXA	B	-0.01%
HXL	F	-0.01%
HYFM	D	-0.0%
BFH	D	-0.0%
SEE	B	-0.0%
UNM	A	-0.0%
CMA	C	-0.0%