DTD vs. VO ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to Vanguard Mid-Cap ETF - DNQ (VO)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.89

Average Daily Volume

21,384

Number of Holdings ^*

811

* may have additional holdings in another (foreign) market

VO

Vanguard Mid-Cap ETF - DNQ

VO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. 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

$281.84

Average Daily Volume

578,616

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	DTD	VO
30 Days	3.20%	5.97%
60 Days	5.00%	7.54%
90 Days	6.93%	10.26%
12 Months	31.64%	32.89%

199 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in VO	Overlap
	A	D	0.03%	0.46%	0.03%
	ADM	D	0.08%	0.32%	0.08%
	AEE	A	0.12%	0.28%	0.12%
	AIG	B	0.13%	0.3%	0.13%
	AJG	B	0.07%	0.75%	0.07%
	ALB	C	0.02%	0.07%	0.02%
	ALL	A	0.15%	0.6%	0.15%
	AME	A	0.05%	0.51%	0.05%
	AMP	A	0.14%	0.61%	0.14%
	APH	A	0.15%	0.98%	0.15%
	APO	B	0.2%	0.69%	0.2%
	ARE	D	0.07%	0.24%	0.07%
	ARES	A	0.1%	0.36%	0.1%
	AVB	B	0.16%	0.38%	0.16%
	AVY	D	0.03%	0.2%	0.03%
	AWK	D	0.06%	0.33%	0.06%
	BALL	D	0.03%	0.22%	0.03%
	BBY	D	0.11%	0.21%	0.11%
	BEN	C	0.06%	0.04%	0.04%
	BKR	B	0.12%	0.46%	0.12%
	BR	A	0.07%	0.3%	0.07%
	BRO	B	0.04%	0.29%	0.04%
	BSY	D	0.01%	0.09%	0.01%
	CAG	D	0.07%	0.17%	0.07%
	CAH	B	0.07%	0.32%	0.07%
	CARR	D	0.1%	0.76%	0.1%
	CBOE	B	0.05%	0.27%	0.05%
	CDW	F	0.03%	0.3%	0.03%
	CE	F	0.02%	0.17%	0.02%
	CEG	D	0.08%	1.01%	0.08%
	CF	B	0.04%	0.18%	0.04%
	CHD	B	0.04%	0.3%	0.04%
	CINF	A	0.08%	0.27%	0.08%
	CLX	B	0.07%	0.24%	0.07%
	CMI	A	0.17%	0.55%	0.17%
	CMS	C	0.07%	0.25%	0.07%
	CNP	B	0.05%	0.23%	0.05%
	COR	B	0.07%	0.49%	0.07%
	CPB	D	0.05%	0.11%	0.05%
	CRBG	B	0.1%	0.08%	0.08%
	CTAS	B	0.15%	0.86%	0.15%
	CTSH	B	0.08%	0.45%	0.08%
	D	C	0.32%	0.3%	0.3%
	DAL	C	0.05%	0.45%	0.05%
	DD	D	0.09%	0.38%	0.09%
	DFS	B	0.13%	0.45%	0.13%
	DGX	A	0.04%	0.21%	0.04%
	DHI	D	0.06%	0.6%	0.06%
	DLR	B	0.17%	0.71%	0.17%
	DOV	A	0.06%	0.32%	0.06%
	DOW	F	0.19%	0.42%	0.19%
	DPZ	C	0.03%	0.18%	0.03%
	DRI	B	0.11%	0.23%	0.11%
	DTE	C	0.09%	0.27%	0.09%
	EA	A	0.04%	0.48%	0.04%
	EBAY	D	0.09%	0.34%	0.09%
	ED	D	0.19%	0.43%	0.19%
	EFX	F	0.03%	0.4%	0.03%
	EIX	B	0.15%	0.38%	0.15%
	EQR	B	0.1%	0.31%	0.1%
	EQT	B	0.07%	0.13%	0.07%
	ES	D	0.11%	0.29%	0.11%
	ESS	B	0.06%	0.22%	0.06%
	ETR	B	0.22%	0.4%	0.22%
	EVRG	A	0.08%	0.08%	0.08%
	EXC	C	0.15%	0.48%	0.15%
	EXPD	D	0.03%	0.2%	0.03%
	EXR	D	0.15%	0.42%	0.15%
	FANG	D	0.09%	0.41%	0.09%
	FAST	B	0.19%	0.54%	0.19%
	FDS	B	0.02%	0.21%	0.02%
	FE	C	0.11%	0.28%	0.11%
	FIS	C	0.21%	0.59%	0.21%
	FITB	A	0.16%	0.36%	0.16%
	FNF	B	0.07%	0.19%	0.07%
	FOX	A	0.05%	0.05%	0.05%
	FTV	C	0.03%	0.3%	0.03%
	GEHC	F	0.03%	0.46%	0.03%
	GEN	B	0.05%	0.18%	0.05%
	GIS	D	0.16%	0.46%	0.16%
	GLW	B	0.17%	0.44%	0.17%
	GPC	D	0.06%	0.19%	0.06%
	GPN	B	0.03%	0.26%	0.03%
	GWW	B	0.1%	0.59%	0.1%
	HAL	C	0.05%	0.27%	0.05%
	HBAN	A	0.13%	0.27%	0.13%
	HEI	B	0.03%	0.18%	0.03%
	HEI	B	0.03%	0.12%	0.03%
	HES	B	0.06%	0.45%	0.06%
	HIG	B	0.13%	0.39%	0.13%
	HLT	A	0.06%	0.35%	0.06%
	HPE	B	0.08%	0.31%	0.08%
	HPQ	B	0.15%	0.42%	0.15%
	HRL	D	0.07%	0.11%	0.07%
	HSY	F	0.08%	0.32%	0.08%
	HUBB	B	0.05%	0.14%	0.05%
	HWM	A	0.04%	0.49%	0.04%
	IBKR	A	0.02%	0.19%	0.02%
	INVH	D	0.05%	0.22%	0.05%
	IP	B	0.1%	0.23%	0.1%
	IR	B	0.05%	0.47%	0.05%
	IRM	D	0.11%	0.44%	0.11%
	J	F	0.02%	0.21%	0.02%
	JBHT	C	0.02%	0.18%	0.02%
	K	A	0.13%	0.27%	0.13%
	KR	B	0.16%	0.44%	0.16%
	KVUE	A	0.19%	0.53%	0.19%
	L	A	0.01%	0.18%	0.01%
	LDOS	C	0.04%	0.15%	0.04%
	LEN	D	0.06%	0.02%	0.02%
	LEN	D	0.06%	0.5%	0.06%
	LH	C	0.03%	0.23%	0.03%
	LHX	C	0.12%	0.57%	0.12%
	LNG	B	0.08%	0.5%	0.08%
	LNT	A	0.06%	0.19%	0.06%
	LPLA	A	0.03%	0.26%	0.03%
	LUV	C	0.06%	0.22%	0.06%
	LVS	C	0.08%	0.23%	0.08%
	MAA	B	0.06%	0.21%	0.06%
	MAS	D	0.05%	0.21%	0.05%
	MCHP	D	0.07%	0.48%	0.07%
	MKC	D	0.06%	0.24%	0.06%
	MLM	B	0.04%	0.44%	0.04%
	MPWR	F	0.03%	0.43%	0.03%
	MRO	B	0.04%	0.19%	0.04%
	MSCI	C	0.05%	0.52%	0.05%
	MSI	B	0.15%	0.91%	0.15%
	MTB	A	0.16%	0.39%	0.16%
	NDAQ	A	0.07%	0.41%	0.07%
	NI	A	0.06%	0.1%	0.06%
	NTAP	C	0.08%	0.29%	0.08%
	NTRS	A	0.09%	0.23%	0.09%
	NUE	C	0.05%	0.41%	0.05%
	NWS	B	0.0%	0.01%	0.0%
	NWSA	B	0.03%	0.16%	0.03%
	O	D	0.25%	0.63%	0.25%
	ODFL	B	0.04%	0.47%	0.04%
	OKE	A	0.38%	0.69%	0.38%
	OMC	C	0.08%	0.24%	0.08%
	OTIS	C	0.1%	0.48%	0.1%
	PCAR	B	0.29%	0.66%	0.29%
	PCG	A	0.04%	0.51%	0.04%
	PEG	A	0.26%	0.54%	0.26%
	PFG	D	0.09%	0.23%	0.09%
	PHM	D	0.05%	0.33%	0.05%
	PKG	A	0.11%	0.25%	0.11%
	POOL	C	0.02%	0.08%	0.02%
	PPG	F	0.08%	0.35%	0.08%
	PPL	B	0.1%	0.28%	0.1%
	PRU	A	0.25%	0.53%	0.25%
	PWR	A	0.04%	0.54%	0.04%
	RF	A	0.15%	0.26%	0.15%
	RJF	A	0.06%	0.33%	0.06%
	RMD	C	0.04%	0.43%	0.04%
	ROK	B	0.06%	0.37%	0.06%
	ROL	B	0.04%	0.17%	0.04%
	SBAC	D	0.02%	0.3%	0.02%
	SNA	A	0.08%	0.21%	0.08%
	SPG	B	0.4%	0.32%	0.32%
	SSNC	B	0.03%	0.18%	0.03%
	STLD	B	0.04%	0.12%	0.04%
	STT	A	0.13%	0.32%	0.13%
	SUI	D	0.03%	0.2%	0.03%
	SWK	D	0.05%	0.17%	0.05%
	SWKS	F	0.04%	0.17%	0.04%
	SYF	B	0.09%	0.26%	0.09%
	SYY	B	0.17%	0.45%	0.17%
	TER	D	0.01%	0.21%	0.01%
	TPL	A	0.04%	0.14%	0.04%
	TRGP	B	0.11%	0.22%	0.11%
	TROW	B	0.13%	0.3%	0.13%
	TSCO	D	0.08%	0.35%	0.08%
	TSN	B	0.08%	0.2%	0.08%
	TW	A	0.02%	0.18%	0.02%
	TXT	D	0.02%	0.18%	0.02%
	UDR	B	0.05%	0.08%	0.05%
	URI	B	0.08%	0.65%	0.08%
	VICI	C	0.25%	0.36%	0.25%
	VLTO	D	0.01%	0.29%	0.01%
	VMC	B	0.05%	0.44%	0.05%
	VRSK	A	0.04%	0.47%	0.04%
	VRT	B	0.03%	0.47%	0.03%
	VST	B	0.18%	0.52%	0.18%
	VTR	C	0.08%	0.33%	0.08%
	VTRS	A	0.09%	0.17%	0.09%
	WAB	B	0.04%	0.4%	0.04%
	WEC	A	0.11%	0.37%	0.11%
	WELL	A	0.19%	1.0%	0.19%
	WLK	D	0.03%	0.03%	0.03%
	WMB	A	0.35%	0.39%	0.35%
	WMG	C	0.01%	0.05%	0.01%
	WPC	D	0.06%	0.15%	0.06%
	WRB	A	0.07%	0.2%	0.07%
	WST	C	0.03%	0.27%	0.03%
	WY	D	0.04%	0.27%	0.04%
	XEL	A	0.22%	0.45%	0.22%
	XYL	D	0.04%	0.36%	0.04%
	YUM	B	0.11%	0.45%	0.11%
	ZBH	C	0.02%	0.26%	0.02%

DTD Overweight 614 Positions Relative to VO

	Symbol	Grade	Weight
	JPM	A	3.09%
	AAPL	C	3.03%
	MSFT	F	2.78%
	XOM	B	2.48%
	AVGO	D	2.39%
	NVDA	C	2.38%
	ABBV	D	1.97%
	JNJ	D	1.83%
	HD	A	1.78%
	WMT	A	1.61%
	PG	A	1.61%
	CVX	A	1.51%
	KO	D	1.4%
	CSCO	B	1.3%
	UNH	C	1.24%
	BAC	A	1.22%
	IBM	C	1.21%
	PM	B	1.16%
	PEP	F	1.12%
	MS	A	1.03%
	META	D	0.92%
	WFC	A	0.9%
	CMCSA	B	0.88%
	GOOGL	C	0.87%
	MCD	D	0.83%
	MRK	F	0.79%
	TMUS	B	0.76%
	ORCL	B	0.74%
	MO	A	0.7%
	GS	A	0.69%
	V	A	0.67%
	TXN	C	0.65%
	LLY	F	0.63%
	C	A	0.63%
	GOOG	C	0.57%
	LOW	D	0.57%
	BMY	B	0.57%
	RTX	C	0.56%
	AMGN	D	0.55%
	HON	B	0.53%
	GILD	C	0.47%
	MA	C	0.45%
	LMT	D	0.45%
	CAT	B	0.45%
	COST	B	0.44%
	BLK	C	0.43%
	UPS	C	0.43%
	QCOM	F	0.42%
	ABT	B	0.42%
	USB	A	0.42%
	SO	D	0.41%
	EOG	A	0.41%
	DUK	C	0.39%
	PNC	B	0.39%
	BX	A	0.39%
	MDLZ	F	0.37%
	UNP	C	0.37%
	TJX	A	0.35%
	ADP	B	0.34%
	PLD	D	0.33%
	COP	C	0.32%
	AXP	A	0.32%
	ITW	B	0.31%
	SBUX	A	0.31%
	CL	D	0.3%
	BKNG	A	0.3%
	AMT	D	0.27%
	AFL	B	0.26%
	KMB	D	0.26%
	TGT	F	0.25%
	CVS	D	0.25%
	PAYX	C	0.25%
	PSA	D	0.25%
	CRM	B	0.25%
	MMC	B	0.25%
	AEP	D	0.24%
	WM	A	0.24%
	SYK	C	0.24%
	SCHW	B	0.23%
	BK	A	0.23%
	MET	A	0.22%
	MPC	D	0.22%
	CCI	D	0.22%
	KHC	F	0.21%
	CI	F	0.21%
	ICE	C	0.21%
	ADI	D	0.21%
	PH	A	0.2%
	PSX	C	0.2%
	GD	F	0.2%
	SRE	A	0.2%
	CME	A	0.19%
	APD	A	0.19%
	EMR	A	0.19%
	DE	A	0.18%
	VLO	C	0.17%
	DIS	B	0.17%
	INTU	C	0.17%
	NSC	B	0.16%
	FDX	B	0.16%
	GE	D	0.16%
	COF	B	0.16%
	EQIX	A	0.16%
	SPGI	C	0.16%
	TMO	F	0.16%
	TRV	B	0.15%
	MAR	B	0.15%
	NOC	D	0.14%
	AMAT	F	0.14%
	KDP	D	0.14%
	NKE	D	0.14%
	DHR	F	0.14%
	SHW	A	0.13%
	ECL	D	0.13%
	PGR	A	0.13%
	KKR	A	0.13%
	ELV	F	0.13%
	BDX	F	0.12%
	LRCX	F	0.12%
	ZTS	D	0.12%
	HCA	F	0.11%
	CSX	B	0.11%
	MCO	B	0.11%
	GM	B	0.11%
	STZ	D	0.11%
	KLAC	D	0.1%
	ATO	A	0.1%
	RSG	A	0.1%
	PNW	B	0.08%
	MCK	B	0.08%
	CG	A	0.08%
	MU	D	0.08%
	JEF	A	0.07%
	ORI	A	0.07%
	OXY	D	0.07%
	NRG	B	0.07%
	JXN	C	0.06%
	TPR	B	0.06%
	CUBE	D	0.06%
	IPG	D	0.06%
	WSO	A	0.06%
	OGE	B	0.06%
	LAMR	D	0.06%
	UNM	A	0.06%
	TXRH	C	0.06%
	ROST	C	0.06%
	CMA	A	0.06%
	RGA	A	0.06%
	GLPI	C	0.06%
	AM	A	0.06%
	EWBC	A	0.06%
	DELL	C	0.06%
	LNC	B	0.05%
	SJM	D	0.05%
	HRB	D	0.05%
	LII	A	0.05%
	WBS	A	0.05%
	JNPR	F	0.05%
	INGR	B	0.05%
	ALLY	C	0.05%
	KIM	A	0.05%
	EVR	B	0.05%
	OMF	A	0.05%
	RS	B	0.05%
	EMN	D	0.05%
	ROP	B	0.05%
	CNA	B	0.05%
	WSM	B	0.05%
	DTM	B	0.05%
	OWL	A	0.05%
	EQH	B	0.05%
	UI	A	0.05%
	ASB	B	0.04%
	AIT	A	0.04%
	HST	C	0.04%
	VLY	B	0.04%
	ERIE	D	0.04%
	MLI	C	0.04%
	RPM	A	0.04%
	ACI	C	0.04%
	CFR	B	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	RDN	C	0.04%
	MTG	C	0.04%
	OC	A	0.04%
	CSL	C	0.04%
	HLI	B	0.04%
	CHRW	C	0.04%
	ITT	A	0.04%
	FRT	B	0.04%
	ZION	B	0.04%
	BAH	F	0.04%
	OVV	B	0.04%
	TAP	C	0.04%
	NWE	B	0.04%
	DKS	C	0.04%
	NNN	D	0.04%
	FHB	A	0.04%
	BRX	A	0.04%
	CHRD	D	0.04%
	FNB	A	0.04%
	SW	A	0.04%
	SNV	B	0.04%
	KTB	B	0.03%
	QCRH	A	0.03%
	RUSHA	C	0.03%
	WH	B	0.03%
	KBH	D	0.03%
	ATR	B	0.03%
	TNL	A	0.03%
	SMG	D	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	CPT	B	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	ACT	D	0.03%
	CNO	A	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	OFG	B	0.03%
	CBT	C	0.03%
	EHC	B	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	GPK	C	0.03%
	SON	D	0.03%
	FCNCA	A	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	ALE	A	0.03%
	HLNE	B	0.03%
	GAP	C	0.03%
	DCI	B	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	OGN	D	0.03%
	AIZ	A	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	OGS	A	0.03%
	BWXT	B	0.03%
	VCTR	B	0.03%
	OZK	B	0.03%
	WU	D	0.03%
	R	B	0.03%
	FBP	B	0.03%
	DINO	D	0.03%
	PATK	D	0.03%
	FAF	A	0.03%
	HUM	C	0.03%
	COLB	A	0.03%
	CCOI	B	0.03%
	LKQ	D	0.03%
	MTN	C	0.03%
	FLS	B	0.03%
	AFG	A	0.03%
	SFNC	B	0.03%
	WTRG	B	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	WAL	B	0.03%
	NFG	A	0.03%
	HOMB	A	0.03%
	PB	A	0.03%
	TFSL	A	0.03%
	LECO	B	0.03%
	AROC	B	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	PFS	B	0.03%
	UGI	A	0.03%
	PAG	B	0.03%
	BPOP	B	0.03%
	ALSN	B	0.03%
	RL	B	0.03%
	PRI	A	0.03%
	BANR	B	0.03%
	KMPR	B	0.02%
	EGBN	B	0.02%
	HTH	B	0.02%
	TTEK	F	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	FR	C	0.02%
	ZWS	B	0.02%
	SSD	D	0.02%
	M	D	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	UMBF	B	0.02%
	FRME	B	0.02%
	CRI	D	0.02%
	IOSP	B	0.02%
	CWEN	C	0.02%
	BERY	B	0.02%
	BANC	A	0.02%
	STEP	B	0.02%
	UVSP	B	0.02%
	MGEE	C	0.02%
	BFH	B	0.02%
	VAC	B	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	SPB	C	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	TKO	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	TDS	B	0.02%
	SEM	B	0.02%
	HWC	B	0.02%
	SYBT	B	0.02%
	MRTN	C	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	NSA	D	0.02%
	UPBD	B	0.02%
	JBL	B	0.02%
	NYT	C	0.02%
	ACM	A	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	BRC	D	0.02%
	SEIC	B	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	NEU	C	0.02%
	MOS	F	0.02%
	STC	B	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	WWD	B	0.02%
	FCPT	C	0.02%
	MCY	A	0.02%
	NDSN	B	0.02%
	MGY	A	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	OSK	B	0.02%
	LW	C	0.02%
	AMH	D	0.02%
	UBSI	B	0.02%
	UHS	D	0.02%
	VIRT	B	0.02%
	NBHC	B	0.02%
	HNI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	RHI	B	0.02%
	CMC	B	0.02%
	FCF	A	0.02%
	SBRA	C	0.02%
	CRC	B	0.02%
	LCII	C	0.02%
	MATX	C	0.02%
	EXP	A	0.02%
	MUR	D	0.02%
	CAKE	C	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	A	0.02%
	MWA	B	0.02%
	BRKL	B	0.02%
	FFBC	A	0.02%
	PII	D	0.02%
	LPX	B	0.02%
	OCFC	B	0.02%
	TRMK	B	0.02%
	KMT	B	0.02%
	RGLD	C	0.02%
	BBWI	D	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	0.02%
	TTC	D	0.02%
	HAFC	A	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	F	0.02%
	GTY	B	0.02%
	KNTK	B	0.02%
	JKHY	D	0.02%
	SLM	A	0.02%
	FULT	A	0.02%
	HRI	B	0.02%
	IDCC	A	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	B	0.02%
	CASY	A	0.02%
	SSB	B	0.02%
	ESI	A	0.02%
	CVBF	A	0.02%
	IBOC	A	0.02%
	STBA	B	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	PRGS	A	0.02%
	CBSH	A	0.02%
	TPG	A	0.02%
	TRST	A	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	APA	D	0.02%
	REYN	D	0.02%
	HII	D	0.02%
	CADE	B	0.02%
	ONB	B	0.02%
	NJR	A	0.02%
	TRN	C	0.02%
	GEF	A	0.02%
	GBCI	B	0.02%
	NOG	A	0.02%
	AOS	F	0.02%
	GGG	B	0.02%
	FBMS	B	0.02%
	IEX	B	0.02%
	AVT	C	0.02%
	AWI	A	0.02%
	REG	B	0.02%
	IIPR	D	0.01%
	CHCO	B	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	D	0.01%
	AESI	B	0.01%
	IRDM	D	0.01%
	IBP	D	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	COKE	C	0.01%
	BMI	B	0.01%
	VSH	D	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	MLKN	D	0.01%
	PCH	D	0.01%
	CABO	C	0.01%
	TOL	B	0.01%
	OXM	D	0.01%
	SCL	C	0.01%
	ENS	D	0.01%
	WINA	B	0.01%
	BRKR	D	0.01%
	MUSA	A	0.01%
	BLMN	F	0.01%
	SCS	C	0.01%
	KNSL	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	LBRT	D	0.01%
	PBI	B	0.01%
	PRDO	B	0.01%
	CWEN	C	0.01%
	OLED	D	0.01%
	ASH	D	0.01%
	CHE	D	0.01%
	XRX	F	0.01%
	GBX	A	0.01%
	HOG	D	0.01%
	AGM	C	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	ORA	B	0.01%
	GL	B	0.01%
	CHH	A	0.01%
	WKC	D	0.01%
	KRO	D	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	B	0.01%
	COLM	B	0.01%
	SLGN	A	0.01%
	RRR	D	0.01%
	X	C	0.01%
	EGP	F	0.01%
	HEES	B	0.01%
	SEB	F	0.01%
	SFBS	B	0.01%
	JJSF	B	0.01%
	PDCO	D	0.01%
	NAVI	C	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	CHDN	B	0.01%
	SAFT	C	0.01%
	LEG	F	0.01%
	MKTX	D	0.01%
	KRC	C	0.01%
	UTZ	D	0.01%
	MAN	D	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	RLI	B	0.01%
	AZZ	B	0.01%
	HP	B	0.01%
	KLG	C	0.01%
	BHE	B	0.01%
	MORN	B	0.01%
	AAON	B	0.01%
	PZZA	D	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	FIX	A	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	TECH	D	0.01%
	KWR	C	0.01%
	EPC	D	0.01%
	SSBK	B	0.01%
	EXPO	D	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	D	0.01%
	MSA	D	0.01%
	FG	B	0.01%
	BCO	D	0.01%
	EME	C	0.01%
	OLN	D	0.01%
	CPK	A	0.01%
	KBR	F	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	ABM	B	0.01%
	GOLF	B	0.01%
	CFFN	B	0.01%
	WDFC	B	0.01%
	WWW	B	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	ADC	B	0.01%
	VMI	B	0.01%
	PFBC	B	0.01%
	UTL	B	0.01%
	LFUS	F	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	D	0.01%
	WGO	C	0.01%
	GATX	A	0.01%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	D	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SXT	B	0.01%
	SLG	B	0.01%
	PRK	B	0.01%
	BKU	A	0.01%
	SHOO	D	0.01%
	SLVM	B	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	PTEN	C	0.01%
	SNX	C	0.01%
	WTFC	A	0.01%
	MSBI	B	0.01%
	POWL	C	0.01%
	CCK	C	0.01%
	SEE	C	0.01%
	PAYC	B	0.01%
	CVI	F	0.01%
	CRS	A	0.01%
	PNFP	B	0.01%
	MAC	B	0.0%
	POWI	D	0.0%
	KW	B	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	UWMC	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 107 Positions Relative to VO

	Symbol	Grade	Weight
	PLTR	B	-1.02%
	TDG	D	-0.84%
	NEM	D	-0.64%
	TTD	B	-0.63%
	DASH	A	-0.62%
	FICO	B	-0.56%
	RCL	A	-0.55%
	WCN	A	-0.55%
	CPRT	A	-0.54%
	CTVA	C	-0.51%
	GEV	B	-0.5%
	CBRE	B	-0.49%
	SQ	B	-0.49%
	IT	C	-0.45%
	DDOG	A	-0.45%
	ACGL	D	-0.43%
	IQV	D	-0.43%
	ALNY	D	-0.42%
	MRVL	B	-0.42%
	IDXX	F	-0.41%
	LULU	C	-0.41%
	CNC	D	-0.4%
	COIN	C	-0.38%
	TEAM	A	-0.37%
	ON	D	-0.37%
	VEEV	C	-0.37%
	GRMN	B	-0.37%
	WTW	B	-0.37%
	CSGP	D	-0.36%
	RBLX	C	-0.34%
	ANSS	B	-0.34%
	DXCM	D	-0.34%
	TTWO	A	-0.33%
	HUBS	A	-0.33%
	MTD	D	-0.33%
	KEYS	A	-0.32%
	NVR	D	-0.32%
	JCI	C	-0.31%
	NET	B	-0.31%
	BIIB	F	-0.31%
	IFF	D	-0.31%
	AZO	C	-0.31%
	UAL	A	-0.31%
	TYL	B	-0.31%
	GDDY	A	-0.29%
	FTNT	C	-0.29%
	DVN	F	-0.29%
	ILMN	D	-0.28%
	KMI	A	-0.28%
	STE	F	-0.27%
	WDC	D	-0.27%
	LYB	F	-0.27%
	STX	D	-0.26%
	TDY	B	-0.26%
	MSTR	C	-0.26%
	CPAY	A	-0.26%
	CCL	B	-0.25%
	EXPE	B	-0.24%
	TRU	D	-0.24%
	ZBRA	B	-0.24%
	FSLR	F	-0.24%
	EW	C	-0.24%
	HOLX	D	-0.23%
	MRNA	F	-0.23%
	MDB	C	-0.23%
	APP	B	-0.23%
	MKL	A	-0.23%
	LYV	A	-0.23%
	WAT	B	-0.23%
	PINS	D	-0.23%
	MOH	F	-0.22%
	CFG	B	-0.22%
	WBD	C	-0.22%
	BAX	D	-0.22%
	SNOW	C	-0.21%
	DG	F	-0.21%
	ULTA	F	-0.21%
	ZM	B	-0.21%
	ZS	C	-0.2%
	CTRA	B	-0.2%
	AKAM	D	-0.19%
	EG	C	-0.19%
	BURL	A	-0.19%
	KEY	B	-0.19%
	AVTR	F	-0.18%
	SMCI	F	-0.18%
	CVNA	B	-0.18%
	ALGN	D	-0.18%
	RVTY	F	-0.18%
	VRSN	F	-0.18%
	TRMB	B	-0.18%
	APTV	D	-0.18%
	SNAP	C	-0.16%
	DLTR	F	-0.16%
	BMRN	D	-0.15%
	OKTA	C	-0.14%
	ENPH	F	-0.13%
	FOXA	B	-0.12%
	RPRX	D	-0.12%
	DOC	D	-0.1%
	PODD	C	-0.1%
	EL	F	-0.09%
	INCY	C	-0.07%
	MGM	D	-0.05%
	WBA	F	-0.04%
	RKT	F	-0.03%
	AGR	B	-0.03%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

VO: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Diversified Industrials REIT - Residential Specialty Retail Banks - Regional - US Capital Markets Oil & Gas E&P Packaged Foods Specialty Chemicals Biotechnology Insurance - Property & Casualty Medical Instruments & Supplies Oil & Gas Midstream Scientific & Technical Instruments Semiconductors Software - Infrastructure

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Real Estate Investment Trust Aerospace Electronics Insurance Products Chemical Medicine Bank Banking Cloud Computing Disability Oil And Gas Telecommunications Acid Laser