HDG vs. VLU ETF Comparison

Comparison of ProShares Hedge Replication ETF (HDG) to SPDR S&P 1500 Value Tilt ETF (VLU)

HDG

ProShares Hedge Replication ETF

HDG Description

The investment seeks investment results before fees and expenses that track the performance of the Merrill Lynch Factor Model-Exchange Series. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the Benchmark. The Benchmark, established by Merrill Lynch International, seeks to provide the risk and return characteristics of the hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index. The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.03

Average Daily Volume

1,709

Number of Holdings ^*

1746

* may have additional holdings in another (foreign) market

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$190.31

Average Daily Volume

6,466

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

Performance

Period	HDG	VLU
30 Days	-0.08%	1.51%
60 Days	0.78%	3.97%
90 Days	1.91%	7.48%
12 Months	8.44%	29.73%

595 Overlapping Holdings

	Symbol	Grade	Weight in HDG	Weight in VLU	Overlap
	AAT	C	0.01%	0.01%	0.01%
	ABCB	B	0.03%	0.02%	0.02%
	ABG	B	0.03%	0.04%	0.03%
	ABM	B	0.02%	0.03%	0.02%
	ABR	B	0.02%	0.02%	0.02%
	ACA	A	0.03%	0.01%	0.01%
	ACIW	B	0.03%	0.01%	0.01%
	ACLS	F	0.02%	0.0%	0.0%
	ADNT	F	0.01%	0.02%	0.01%
	ADUS	D	0.01%	0.0%	0.0%
	AEIS	B	0.02%	0.01%	0.01%
	AEO	F	0.02%	0.01%	0.01%
	AGYS	A	0.01%	0.0%	0.0%
	AHCO	F	0.01%	0.01%	0.01%
	AHH	C	0.0%	0.0%	0.0%
	AIN	C	0.01%	0.01%	0.01%
	AIR	B	0.01%	0.0%	0.0%
	AIT	A	0.06%	0.02%	0.02%
	AKR	A	0.01%	0.01%	0.01%
	ALE	A	0.02%	0.02%	0.02%
	ALEX	B	0.01%	0.0%	0.0%
	ALG	C	0.01%	0.0%	0.0%
	ALGT	B	0.01%	0.01%	0.01%
	ALKS	C	0.03%	0.01%	0.01%
	ALRM	C	0.02%	0.0%	0.0%
	AMBC	C	0.0%	0.0%	0.0%
	AMN	F	0.01%	0.01%	0.01%
	AMPH	F	0.01%	0.0%	0.0%
	AMR	C	0.02%	0.01%	0.01%
	AMSF	B	0.01%	0.0%	0.0%
	AMWD	B	0.01%	0.01%	0.01%
	ANDE	C	0.01%	0.01%	0.01%
	ANET	C	0.0%	0.08%	0.0%
	ANF	C	0.04%	0.01%	0.01%
	AORT	B	0.01%	0.0%	0.0%
	AOSL	D	0.0%	0.0%	0.0%
	APAM	A	0.02%	0.01%	0.01%
	APLE	B	0.02%	0.03%	0.02%
	APOG	B	0.01%	0.01%	0.01%
	ARCB	C	0.02%	0.01%	0.01%
	ARCH	B	0.02%	0.03%	0.02%
	ARI	C	0.01%	0.01%	0.01%
	AROC	A	0.02%	0.01%	0.01%
	ARWR	D	0.01%	0.0%	0.0%
	ASB	B	0.02%	0.03%	0.02%
	ASGN	F	0.03%	0.01%	0.01%
	ASIX	B	0.0%	0.01%	0.0%
	ASO	F	0.02%	0.01%	0.01%
	ASTE	C	0.0%	0.0%	0.0%
	ASTH	F	0.01%	0.0%	0.0%
	ATGE	B	0.02%	0.02%	0.02%
	AUB	A	0.02%	0.02%	0.02%
	AVA	C	0.02%	0.01%	0.01%
	AVAV	C	0.03%	0.01%	0.01%
	AVNS	F	0.01%	0.01%	0.01%
	AVNT	B	0.03%	0.02%	0.02%
	AWR	A	0.02%	0.01%	0.01%
	AX	A	0.02%	0.02%	0.02%
	AXL	C	0.0%	0.01%	0.0%
	AZZ	A	0.01%	0.01%	0.01%
	B	A	0.01%	0.01%	0.01%
	BANC	B	0.01%	0.02%	0.01%
	BANF	B	0.01%	0.02%	0.01%
	BANR	A	0.01%	0.02%	0.01%
	BCC	A	0.03%	0.02%	0.02%
	BCO	F	0.03%	0.01%	0.01%
	BCPC	B	0.03%	0.01%	0.01%
	BDC	B	0.03%	0.01%	0.01%
	BDN	D	0.01%	0.01%	0.01%
	BFH	B	0.02%	0.03%	0.02%
	BFS	C	0.0%	0.0%	0.0%
	BGC	B	0.02%	0.01%	0.01%
	BGS	F	0.0%	0.0%	0.0%
	BHE	B	0.01%	0.02%	0.01%
	BHLB	B	0.01%	0.01%	0.01%
	BJRI	B	0.0%	0.0%	0.0%
	BKE	A	0.01%	0.01%	0.01%
	BKH	A	0.02%	0.03%	0.02%
	BKU	A	0.02%	0.03%	0.02%
	BLKB	C	0.02%	0.0%	0.0%
	BLMN	F	0.01%	0.01%	0.01%
	BMI	C	0.04%	0.0%	0.0%
	BOH	B	0.02%	0.01%	0.01%
	BOOT	C	0.02%	0.01%	0.01%
	BOX	B	0.03%	0.0%	0.0%
	BRKL	B	0.01%	0.01%	0.01%
	BSIG	A	0.0%	0.0%	0.0%
	BTU	B	0.02%	0.03%	0.02%
	BXMT	D	0.02%	0.03%	0.02%
	CABO	C	0.01%	0.02%	0.01%
	CADE	B	0.04%	0.03%	0.03%
	CAKE	B	0.01%	0.01%	0.01%
	CAL	F	0.01%	0.0%	0.0%
	CALM	A	0.02%	0.03%	0.02%
	CALX	F	0.01%	0.0%	0.0%
	CARG	A	0.02%	0.01%	0.01%
	CARS	B	0.01%	0.0%	0.0%
	CASH	B	0.01%	0.01%	0.01%
	CATY	A	0.02%	0.03%	0.02%
	CBRL	C	0.01%	0.01%	0.01%
	CBT	C	0.04%	0.02%	0.02%
	CBU	B	0.02%	0.01%	0.01%
	CCOI	B	0.02%	0.01%	0.01%
	CCS	F	0.01%	0.01%	0.01%
	CDP	C	0.02%	0.01%	0.01%
	CEIX	A	0.02%	0.03%	0.02%
	CENT	C	0.0%	0.0%	0.0%
	CENTA	C	0.01%	0.01%	0.01%
	CENX	B	0.01%	0.01%	0.01%
	CEVA	B	0.0%	0.0%	0.0%
	CFFN	B	0.0%	0.01%	0.0%
	CHCO	B	0.01%	0.01%	0.01%
	CHEF	C	0.01%	0.01%	0.01%
	CHX	C	0.03%	0.01%	0.01%
	CLB	C	0.01%	0.0%	0.0%
	CMC	B	0.04%	0.03%	0.03%
	CNK	A	0.02%	0.03%	0.02%
	CNMD	C	0.01%	0.0%	0.0%
	CNO	A	0.02%	0.04%	0.02%
	CNSL	B	0.0%	0.0%	0.0%
	CNX	A	0.03%	0.05%	0.03%
	CNXN	D	0.0%	0.01%	0.0%
	COHU	D	0.01%	0.0%	0.0%
	COLL	F	0.01%	0.0%	0.0%
	COOP	B	0.03%	0.05%	0.03%
	CORT	C	0.02%	0.01%	0.01%
	CPF	A	0.0%	0.01%	0.0%
	CPK	A	0.02%	0.01%	0.01%
	CPRX	C	0.01%	0.0%	0.0%
	CRC	A	0.02%	0.02%	0.02%
	CRK	A	0.01%	0.01%	0.01%
	CRS	A	0.05%	0.02%	0.02%
	CRSR	D	0.0%	0.0%	0.0%
	CRVL	A	0.02%	0.0%	0.0%
	CSGS	B	0.01%	0.0%	0.0%
	CSR	B	0.01%	0.0%	0.0%
	CTRE	D	0.03%	0.01%	0.01%
	CTS	B	0.01%	0.0%	0.0%
	CUBI	B	0.01%	0.01%	0.01%
	CVBF	A	0.02%	0.02%	0.02%
	CVCO	B	0.02%	0.01%	0.01%
	CVI	D	0.0%	0.0%	0.0%
	CVLT	B	0.04%	0.01%	0.01%
	CWK	B	0.02%	0.03%	0.02%
	CWT	D	0.02%	0.01%	0.01%
	CXW	B	0.01%	0.02%	0.01%
	CYTK	D	0.04%	0.0%	0.0%
	DAN	F	0.01%	0.01%	0.01%
	DCOM	A	0.01%	0.01%	0.01%
	DEA	D	0.01%	0.01%	0.01%
	DEI	B	0.02%	0.03%	0.02%
	DFIN	D	0.01%	0.0%	0.0%
	DGII	B	0.01%	0.0%	0.0%
	DIOD	F	0.02%	0.01%	0.01%
	DLX	A	0.01%	0.01%	0.01%
	DNOW	B	0.01%	0.01%	0.01%
	DORM	B	0.02%	0.01%	0.01%
	DRH	B	0.01%	0.01%	0.01%
	DVAX	C	0.01%	0.0%	0.0%
	DXPE	B	0.0%	0.0%	0.0%
	DY	C	0.03%	0.01%	0.01%
	EAT	A	0.03%	0.02%	0.02%
	ECPG	B	0.01%	0.01%	0.01%
	EFC	C	0.01%	0.01%	0.01%
	EGBN	B	0.0%	0.01%	0.0%
	EIG	A	0.01%	0.01%	0.01%
	ELME	D	0.01%	0.01%	0.01%
	EMBC	C	0.01%	0.0%	0.0%
	ENR	A	0.01%	0.01%	0.01%
	ENS	D	0.02%	0.01%	0.01%
	ENSG	D	0.04%	0.01%	0.01%
	ENV	B	0.02%	0.0%	0.0%
	ENVA	B	0.01%	0.02%	0.01%
	EPAC	B	0.02%	0.0%	0.0%
	EPC	D	0.01%	0.01%	0.01%
	EPRT	C	0.03%	0.01%	0.01%
	ESE	A	0.02%	0.01%	0.01%
	ESNT	D	0.03%	0.02%	0.02%
	ETD	D	0.0%	0.0%	0.0%
	EVTC	C	0.01%	0.0%	0.0%
	EXLS	B	0.04%	0.01%	0.01%
	EXPI	C	0.01%	0.01%	0.01%
	EXPO	D	0.03%	0.0%	0.0%
	EXTR	C	0.01%	0.0%	0.0%
	EYE	C	0.01%	0.0%	0.0%
	FBK	B	0.01%	0.01%	0.01%
	FBNC	B	0.01%	0.01%	0.01%
	FBP	B	0.02%	0.01%	0.01%
	FBRT	C	0.01%	0.0%	0.0%
	FCF	A	0.01%	0.01%	0.01%
	FCPT	C	0.01%	0.01%	0.01%
	FDP	A	0.01%	0.01%	0.01%
	FELE	B	0.03%	0.01%	0.01%
	FFBC	A	0.02%	0.02%	0.02%
	FFIN	A	0.03%	0.01%	0.01%
	FIZZ	B	0.01%	0.01%	0.01%
	FL	F	0.01%	0.02%	0.01%
	FLGT	F	0.0%	0.0%	0.0%
	FLR	B	0.06%	0.03%	0.03%
	FN	C	0.05%	0.01%	0.01%
	FORM	F	0.02%	0.01%	0.01%
	FOXF	F	0.01%	0.0%	0.0%
	FSS	B	0.03%	0.01%	0.01%
	FTDR	B	0.03%	0.01%	0.01%
	FUL	F	0.02%	0.01%	0.01%
	FULT	A	0.02%	0.02%	0.02%
	FWRD	D	0.01%	0.01%	0.01%
	GATX	A	0.03%	0.02%	0.02%
	GBCI	A	0.04%	0.02%	0.02%
	GBX	A	0.01%	0.02%	0.01%
	GDEN	B	0.0%	0.0%	0.0%
	GDOT	D	0.0%	0.01%	0.0%
	GEF	B	0.01%	0.02%	0.01%
	GEF	B	0.0%	0.02%	0.0%
	GEO	A	0.01%	0.03%	0.01%
	GFF	B	0.01%	0.01%	0.01%
	GHC	B	0.02%	0.03%	0.02%
	GIII	D	0.01%	0.01%	0.01%
	GKOS	B	0.04%	0.0%	0.0%
	GMS	B	0.02%	0.01%	0.01%
	GNL	D	0.01%	0.01%	0.01%
	GNW	A	0.02%	0.03%	0.02%
	GOGO	C	0.0%	0.0%	0.0%
	GPI	B	0.03%	0.04%	0.03%
	GPRE	F	0.0%	0.0%	0.0%
	GRBK	D	0.01%	0.01%	0.01%
	GT	C	0.02%	0.03%	0.02%
	GTLS	A	0.04%	0.01%	0.01%
	GTY	A	0.01%	0.01%	0.01%
	GVA	A	0.02%	0.01%	0.01%
	HAE	B	0.02%	0.01%	0.01%
	HAFC	A	0.0%	0.01%	0.0%
	HAIN	F	0.0%	0.01%	0.0%
	HALO	D	0.04%	0.01%	0.01%
	HASI	F	0.02%	0.01%	0.01%
	HAYN	A	0.0%	0.0%	0.0%
	HBI	A	0.01%	0.03%	0.01%
	HCC	B	0.02%	0.04%	0.02%
	HCI	C	0.01%	0.0%	0.0%
	HCSG	B	0.0%	0.01%	0.0%
	HELE	C	0.01%	0.0%	0.0%
	HFWA	B	0.01%	0.01%	0.01%
	HGV	C	0.02%	0.01%	0.01%
	HI	C	0.01%	0.01%	0.01%
	HLIT	F	0.01%	0.0%	0.0%
	HLX	C	0.01%	0.01%	0.01%
	HMN	B	0.01%	0.01%	0.01%
	HNI	B	0.01%	0.01%	0.01%
	HOMB	A	0.03%	0.02%	0.02%
	HOPE	B	0.01%	0.01%	0.01%
	HP	C	0.02%	0.03%	0.02%
	HPP	F	0.0%	0.01%	0.0%
	HQY	A	0.05%	0.01%	0.01%
	HRMY	D	0.01%	0.0%	0.0%
	HSII	B	0.01%	0.0%	0.0%
	HTH	B	0.01%	0.01%	0.01%
	HTLD	B	0.0%	0.0%	0.0%
	HTZ	C	0.0%	0.0%	0.0%
	HUBG	A	0.02%	0.01%	0.01%
	HWC	B	0.03%	0.03%	0.03%
	HWKN	B	0.01%	0.01%	0.01%
	HZO	F	0.0%	0.0%	0.0%
	IART	C	0.01%	0.01%	0.01%
	IBOC	A	0.02%	0.02%	0.02%
	IBP	F	0.03%	0.01%	0.01%
	IBTX	B	0.01%	0.02%	0.01%
	ICHR	C	0.01%	0.0%	0.0%
	ICUI	D	0.02%	0.01%	0.01%
	IDCC	A	0.02%	0.01%	0.01%
	IIIN	C	0.0%	0.0%	0.0%
	IIPR	F	0.02%	0.01%	0.01%
	INDB	A	0.02%	0.01%	0.01%
	INN	D	0.0%	0.01%	0.0%
	INVA	C	0.01%	0.01%	0.01%
	IOSP	C	0.02%	0.01%	0.01%
	IPAR	C	0.01%	0.0%	0.0%
	IRT	A	0.03%	0.01%	0.01%
	IRWD	D	0.0%	0.0%	0.0%
	ITGR	B	0.03%	0.01%	0.01%
	ITRI	B	0.03%	0.01%	0.01%
	JACK	C	0.01%	0.0%	0.0%
	JBGS	F	0.01%	0.02%	0.01%
	JBLU	D	0.01%	0.02%	0.01%
	JBSS	F	0.0%	0.0%	0.0%
	JBT	A	0.02%	0.01%	0.01%
	JJSF	C	0.02%	0.01%	0.01%
	JOE	F	0.01%	0.0%	0.0%
	JXN	B	0.05%	0.07%	0.05%
	KALU	C	0.01%	0.01%	0.01%
	KAR	A	0.01%	0.02%	0.01%
	KBH	D	0.03%	0.02%	0.02%
	KELYA	F	0.0%	0.01%	0.0%
	KFY	B	0.02%	0.01%	0.01%
	KLG	D	0.01%	0.01%	0.01%
	KLIC	C	0.01%	0.01%	0.01%
	KMT	B	0.01%	0.01%	0.01%
	KN	B	0.01%	0.01%	0.01%
	KNF	B	0.03%	0.01%	0.01%
	KOP	C	0.0%	0.0%	0.0%
	KREF	D	0.0%	0.01%	0.0%
	KRG	B	0.03%	0.02%	0.02%
	KTB	A	0.03%	0.02%	0.02%
	KW	C	0.01%	0.01%	0.01%
	KWR	C	0.01%	0.01%	0.01%
	LANC	D	0.02%	0.01%	0.01%
	LBRT	F	0.02%	0.01%	0.01%
	LCII	D	0.02%	0.01%	0.01%
	LESL	C	0.0%	0.0%	0.0%
	LGIH	F	0.01%	0.01%	0.01%
	LGND	C	0.01%	0.01%	0.01%
	LIVN	C	0.02%	0.0%	0.0%
	LKFN	A	0.01%	0.0%	0.0%
	LNN	B	0.01%	0.0%	0.0%
	LNTH	F	0.04%	0.01%	0.01%
	LPG	F	0.01%	0.01%	0.01%
	LQDT	A	0.0%	0.0%	0.0%
	LRN	A	0.02%	0.01%	0.01%
	LTC	B	0.01%	0.01%	0.01%
	LUMN	C	0.05%	0.08%	0.05%
	LXP	D	0.02%	0.01%	0.01%
	LZB	A	0.01%	0.01%	0.01%
	MAC	A	0.02%	0.02%	0.02%
	MATV	F	0.01%	0.01%	0.01%
	MATW	C	0.0%	0.0%	0.0%
	MATX	B	0.03%	0.02%	0.02%
	MC	B	0.03%	0.01%	0.01%
	MCRI	A	0.01%	0.01%	0.01%
	MCW	C	0.0%	0.01%	0.0%
	MCY	A	0.01%	0.02%	0.01%
	MD	B	0.01%	0.01%	0.01%
	MGEE	A	0.02%	0.01%	0.01%
	MGPI	F	0.0%	0.0%	0.0%
	MGY	A	0.03%	0.02%	0.02%
	MHO	D	0.02%	0.02%	0.02%
	MLI	B	0.06%	0.03%	0.03%
	MLKN	F	0.01%	0.01%	0.01%
	MMI	B	0.01%	0.01%	0.01%
	MMS	D	0.03%	0.02%	0.02%
	MMSI	A	0.03%	0.01%	0.01%
	MNRO	B	0.0%	0.01%	0.0%
	MODG	F	0.01%	0.01%	0.01%
	MOG.A	B	0.04%	0.02%	0.02%
	MRCY	B	0.01%	0.01%	0.01%
	MRTN	C	0.01%	0.0%	0.0%
	MSEX	B	0.01%	0.0%	0.0%
	MTH	D	0.04%	0.02%	0.02%
	MTRN	C	0.01%	0.0%	0.0%
	MTUS	F	0.0%	0.0%	0.0%
	MTX	B	0.02%	0.01%	0.01%
	MUR	D	0.03%	0.04%	0.03%
	MXL	D	0.01%	0.0%	0.0%
	MYE	F	0.0%	0.0%	0.0%
	MYGN	F	0.01%	0.0%	0.0%
	MYRG	C	0.01%	0.01%	0.01%
	NABL	F	0.01%	0.0%	0.0%
	NARI	B	0.02%	0.0%	0.0%
	NATL	C	0.01%	0.02%	0.01%
	NAVI	F	0.01%	0.01%	0.01%
	NBHC	B	0.01%	0.01%	0.01%
	NBR	D	0.0%	0.01%	0.0%
	NBTB	B	0.01%	0.01%	0.01%
	NEO	C	0.01%	0.0%	0.0%
	NEOG	D	0.02%	0.0%	0.0%
	NGVT	B	0.01%	0.01%	0.01%
	NHC	B	0.01%	0.01%	0.01%
	NJR	A	0.03%	0.01%	0.01%
	NMIH	D	0.02%	0.01%	0.01%
	NOG	A	0.02%	0.04%	0.02%
	NOVT	D	0.04%	0.01%	0.01%
	NPK	C	0.0%	0.0%	0.0%
	NPO	A	0.02%	0.01%	0.01%
	NSIT	F	0.03%	0.02%	0.02%
	NSP	F	0.02%	0.01%	0.01%
	NTCT	B	0.01%	0.0%	0.0%
	NVEE	F	0.01%	0.0%	0.0%
	NVRI	F	0.0%	0.0%	0.0%
	NWBI	A	0.01%	0.02%	0.01%
	NWE	C	0.02%	0.02%	0.02%
	NWN	A	0.01%	0.01%	0.01%
	NX	C	0.01%	0.0%	0.0%
	NXRT	A	0.01%	0.0%	0.0%
	ODP	F	0.01%	0.01%	0.01%
	OFG	B	0.01%	0.01%	0.01%
	OGS	A	0.02%	0.03%	0.02%
	OI	D	0.01%	0.02%	0.01%
	OII	B	0.02%	0.01%	0.01%
	OMCL	C	0.01%	0.01%	0.01%
	OMI	F	0.01%	0.01%	0.01%
	ONB	B	0.04%	0.03%	0.03%
	OPCH	F	0.02%	0.01%	0.01%
	ORA	B	0.02%	0.01%	0.01%
	OSIS	A	0.01%	0.01%	0.01%
	OTTR	C	0.02%	0.01%	0.01%
	OUT	A	0.01%	0.01%	0.01%
	OXM	F	0.01%	0.0%	0.0%
	PAHC	B	0.0%	0.0%	0.0%
	PARR	D	0.01%	0.01%	0.01%
	PATK	C	0.02%	0.01%	0.01%
	PAYO	A	0.02%	0.0%	0.0%
	PBF	D	0.02%	0.03%	0.02%
	PBH	A	0.02%	0.01%	0.01%
	PBI	C	0.01%	0.01%	0.01%
	PCH	D	0.02%	0.01%	0.01%
	PCRX	C	0.0%	0.0%	0.0%
	PDCO	D	0.01%	0.01%	0.01%
	PEB	F	0.01%	0.01%	0.01%
	PECO	A	0.03%	0.01%	0.01%
	PFBC	B	0.01%	0.01%	0.01%
	PFS	A	0.02%	0.02%	0.02%
	PGNY	F	0.01%	0.0%	0.0%
	PHIN	A	0.01%	0.01%	0.01%
	PIPR	A	0.03%	0.01%	0.01%
	PJT	B	0.02%	0.01%	0.01%
	PLAB	D	0.01%	0.01%	0.01%
	PLAY	C	0.01%	0.0%	0.0%
	PLMR	A	0.01%	0.0%	0.0%
	PLUS	F	0.01%	0.01%	0.01%
	PLXS	B	0.03%	0.02%	0.02%
	PMT	D	0.01%	0.01%	0.01%
	PNM	B	0.02%	0.02%	0.02%
	POR	C	0.03%	0.02%	0.02%
	POWI	D	0.02%	0.0%	0.0%
	POWL	C	0.02%	0.01%	0.01%
	PPBI	B	0.02%	0.01%	0.01%
	PRA	B	0.0%	0.0%	0.0%
	PRAA	C	0.01%	0.0%	0.0%
	PRDO	B	0.01%	0.01%	0.01%
	PRG	B	0.01%	0.02%	0.01%
	PRGS	B	0.02%	0.0%	0.0%
	PRK	B	0.02%	0.01%	0.01%
	PRLB	B	0.01%	0.0%	0.0%
	PRVA	B	0.01%	0.0%	0.0%
	PSMT	D	0.01%	0.01%	0.01%
	PTEN	C	0.02%	0.01%	0.01%
	PUMP	C	0.0%	0.01%	0.0%
	PZZA	D	0.01%	0.0%	0.0%
	QLYS	C	0.03%	0.0%	0.0%
	QNST	C	0.01%	0.01%	0.01%
	RAMP	C	0.01%	0.0%	0.0%
	RC	D	0.01%	0.01%	0.01%
	RCUS	F	0.0%	0.0%	0.0%
	RDN	D	0.03%	0.03%	0.03%
	RDNT	B	0.03%	0.01%	0.01%
	RES	F	0.0%	0.01%	0.0%
	REX	C	0.0%	0.0%	0.0%
	REZI	A	0.02%	0.02%	0.02%
	RGNX	F	0.0%	0.0%	0.0%
	RGR	F	0.0%	0.0%	0.0%
	RMBS	C	0.03%	0.0%	0.0%
	RNST	B	0.01%	0.02%	0.01%
	ROCK	C	0.01%	0.0%	0.0%
	ROG	D	0.01%	0.0%	0.0%
	ROIC	A	0.01%	0.01%	0.01%
	RUN	F	0.01%	0.01%	0.01%
	RUSHA	B	0.02%	0.02%	0.02%
	RWT	D	0.01%	0.01%	0.01%
	RXO	C	0.02%	0.01%	0.01%
	SABR	B	0.01%	0.01%	0.01%
	SAFT	B	0.01%	0.01%	0.01%
	SAH	B	0.01%	0.01%	0.01%
	SANM	B	0.03%	0.04%	0.03%
	SATS	D	0.02%	0.03%	0.02%
	SBCF	B	0.01%	0.01%	0.01%
	SBH	A	0.01%	0.01%	0.01%
	SBRA	C	0.02%	0.02%	0.02%
	SBSI	B	0.01%	0.01%	0.01%
	SCHL	F	0.0%	0.01%	0.0%
	SCL	D	0.01%	0.01%	0.01%
	SCSC	B	0.01%	0.01%	0.01%
	SCVL	F	0.0%	0.01%	0.0%
	SEM	B	0.02%	0.02%	0.02%
	SFBS	B	0.03%	0.01%	0.01%
	SFM	B	0.08%	0.03%	0.03%
	SFNC	B	0.02%	0.03%	0.02%
	SHAK	B	0.03%	0.01%	0.01%
	SHEN	F	0.0%	0.0%	0.0%
	SHO	D	0.01%	0.01%	0.01%
	SHOO	D	0.02%	0.01%	0.01%
	SIG	C	0.02%	0.02%	0.02%
	SIGI	B	0.03%	0.02%	0.02%
	SITM	B	0.02%	0.0%	0.0%
	SJW	F	0.01%	0.0%	0.0%
	SKT	A	0.02%	0.01%	0.01%
	SKYW	B	0.02%	0.02%	0.02%
	SLAB	F	0.02%	0.0%	0.0%
	SLG	B	0.03%	0.02%	0.02%
	SLVM	B	0.02%	0.02%	0.02%
	SM	C	0.03%	0.02%	0.02%
	SMP	C	0.0%	0.0%	0.0%
	SMPL	B	0.02%	0.01%	0.01%
	SMTC	C	0.02%	0.0%	0.0%
	SNCY	C	0.0%	0.0%	0.0%
	SNEX	A	0.02%	0.02%	0.02%
	SONO	C	0.01%	0.0%	0.0%
	SPNT	A	0.01%	0.01%	0.01%
	SPSC	F	0.04%	0.0%	0.0%
	SPTN	F	0.0%	0.01%	0.0%
	SR	A	0.02%	0.02%	0.02%
	SSB	B	0.05%	0.03%	0.03%
	SSTK	F	0.0%	0.0%	0.0%
	STAA	F	0.01%	0.0%	0.0%
	STBA	B	0.01%	0.01%	0.01%
	STC	A	0.01%	0.01%	0.01%
	STRA	C	0.01%	0.01%	0.01%
	SUPN	B	0.01%	0.0%	0.0%
	SVC	F	0.0%	0.0%	0.0%
	SWX	A	0.02%	0.02%	0.02%
	SXC	A	0.01%	0.01%	0.01%
	SXI	A	0.01%	0.0%	0.0%
	SXT	C	0.02%	0.01%	0.01%
	SYNA	D	0.02%	0.01%	0.01%
	TALO	C	0.01%	0.01%	0.01%
	TBBK	A	0.02%	0.01%	0.01%
	TCBI	A	0.02%	0.02%	0.02%
	TDS	B	0.02%	0.03%	0.02%
	TEX	D	0.02%	0.01%	0.01%
	TFIN	B	0.01%	0.0%	0.0%
	TGI	A	0.01%	0.0%	0.0%
	TGNA	B	0.02%	0.03%	0.02%
	THRM	F	0.01%	0.0%	0.0%
	THRY	F	0.0%	0.0%	0.0%
	THS	F	0.01%	0.01%	0.01%
	TILE	B	0.01%	0.0%	0.0%
	TMHC	B	0.04%	0.04%	0.04%
	TMP	A	0.01%	0.01%	0.01%
	TNC	F	0.01%	0.0%	0.0%
	TNDM	F	0.01%	0.0%	0.0%
	TPH	D	0.02%	0.02%	0.02%
	TRMK	B	0.01%	0.01%	0.01%
	TRN	A	0.02%	0.03%	0.02%
	TRST	A	0.0%	0.0%	0.0%
	TRUP	B	0.01%	0.0%	0.0%
	TTGT	C	0.0%	0.0%	0.0%
	TTMI	B	0.01%	0.01%	0.01%
	TWI	F	0.0%	0.0%	0.0%
	UBSI	A	0.03%	0.02%	0.02%
	UCB	A	0.02%	0.01%	0.01%
	UCTT	F	0.01%	0.01%	0.01%
	UE	B	0.02%	0.01%	0.01%
	UFCS	A	0.0%	0.01%	0.0%
	UFPI	C	0.05%	0.02%	0.02%
	UFPT	C	0.01%	0.0%	0.0%
	UHT	D	0.0%	0.0%	0.0%
	UMBF	B	0.03%	0.02%	0.02%
	UNF	B	0.02%	0.01%	0.01%
	UNFI	A	0.01%	0.01%	0.01%
	UNIT	B	0.01%	0.01%	0.01%
	UPBD	C	0.01%	0.01%	0.01%
	URBN	C	0.01%	0.02%	0.01%
	USNA	C	0.0%	0.0%	0.0%
	USPH	C	0.01%	0.0%	0.0%
	UTL	D	0.01%	0.0%	0.0%
	UVV	B	0.01%	0.01%	0.01%
	VAL	F	0.02%	0.01%	0.01%
	VBTX	B	0.01%	0.01%	0.01%
	VC	F	0.01%	0.01%	0.01%
	VCEL	B	0.01%	0.0%	0.0%
	VECO	F	0.01%	0.0%	0.0%
	VIAV	B	0.01%	0.0%	0.0%
	VICR	C	0.01%	0.0%	0.0%
	VIR	F	0.01%	0.01%	0.01%
	VLY	A	0.03%	0.04%	0.03%
	VRE	A	0.01%	0.01%	0.01%
	VRRM	F	0.02%	0.0%	0.0%
	VRTS	B	0.01%	0.01%	0.01%
	VSAT	F	0.01%	0.01%	0.01%
	VSCO	A	0.01%	0.02%	0.01%
	VSH	F	0.01%	0.01%	0.01%
	VSTO	A	0.01%	0.01%	0.01%
	VTLE	C	0.0%	0.01%	0.0%
	VTOL	B	0.01%	0.0%	0.0%
	VVI	B	0.0%	0.0%	0.0%
	VYX	C	0.01%	0.02%	0.01%
	WABC	B	0.01%	0.0%	0.0%
	WAFD	B	0.01%	0.03%	0.01%
	WD	D	0.02%	0.01%	0.01%
	WDFC	B	0.02%	0.0%	0.0%
	WERN	B	0.01%	0.01%	0.01%
	WGO	C	0.01%	0.01%	0.01%
	WKC	D	0.01%	0.01%	0.01%
	WNC	C	0.0%	0.0%	0.0%
	WOR	F	0.01%	0.01%	0.01%
	WRLD	D	0.0%	0.01%	0.0%
	WS	B	0.01%	0.01%	0.01%
	WSFS	A	0.02%	0.01%	0.01%
	WSR	A	0.0%	0.0%	0.0%
	WT	A	0.01%	0.0%	0.0%
	WTS	A	0.03%	0.01%	0.01%
	WWW	A	0.01%	0.01%	0.01%
	XHR	B	0.01%	0.01%	0.01%
	XNCR	B	0.01%	0.0%	0.0%
	XPEL	C	0.01%	0.0%	0.0%
	XRX	F	0.01%	0.01%	0.01%
	YELP	C	0.01%	0.01%	0.01%
	ZD	B	0.01%	0.01%	0.01%

HDG Overweight 1151 Positions Relative to VLU

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

HDG Underweight 824 Positions Relative to VLU

	Symbol	Grade	Weight
	AAPL	C	-2.41%
	BRK.A	A	-2.36%
	AMZN	B	-2.1%
	XOM	A	-2.01%
	WMT	A	-1.8%
	META	C	-1.78%
	BAC	A	-1.49%
	VZ	C	-1.46%
	JPM	A	-1.46%
	MSFT	D	-1.43%
	T	A	-1.35%
	CVX	A	-1.32%
	GOOG	B	-1.2%
	WFC	A	-1.17%
	UNH	B	-1.17%
	C	A	-1.11%
	JNJ	D	-0.79%
	PFE	F	-0.77%
	GOOGL	B	-0.75%
	CMCSA	B	-0.64%
	CVS	D	-0.61%
	MS	A	-0.6%
	COF	B	-0.6%
	GS	A	-0.57%
	TSLA	A	-0.57%
	PM	A	-0.54%
	TFC	A	-0.53%
	GM	B	-0.53%
	CSCO	B	-0.51%
	HD	A	-0.5%
	AVGO	C	-0.46%
	PG	C	-0.46%
	ABBV	F	-0.45%
	ORCL	A	-0.45%
	PSX	C	-0.45%
	KMI	A	-0.44%
	V	A	-0.44%
	MPC	C	-0.44%
	RTX	D	-0.44%
	IBM	D	-0.43%
	TMUS	A	-0.42%
	MET	A	-0.41%
	COP	B	-0.41%
	PNC	A	-0.4%
	MCK	A	-0.39%
	PRU	A	-0.38%
	USB	A	-0.38%
	GILD	B	-0.38%
	UPS	C	-0.37%
	COR	B	-0.37%
	VLO	C	-0.37%
	KO	D	-0.37%
	NVDA	B	-0.37%
	F	C	-0.36%
	INTC	C	-0.35%
	AXP	B	-0.35%
	KR	B	-0.34%
	PEP	F	-0.34%
	MO	A	-0.34%
	BMY	B	-0.34%
	CHTR	B	-0.33%
	LMT	D	-0.33%
	DAL	A	-0.33%
	NEE	C	-0.33%
	CI	D	-0.33%
	MDT	D	-0.32%
	DUK	C	-0.32%
	CB	C	-0.32%
	ELV	F	-0.31%
	ACN	C	-0.31%
	MRK	F	-0.31%
	HPQ	A	-0.31%
	SO	C	-0.3%
	MMM	D	-0.28%
	CNC	F	-0.28%
	BK	A	-0.28%
	COST	B	-0.28%
	GE	D	-0.27%
	DIS	B	-0.27%
	AMGN	F	-0.26%
	CRM	B	-0.26%
	CAH	A	-0.25%
	KHC	F	-0.25%
	CAT	B	-0.25%
	TXN	B	-0.25%
	HPE	B	-0.24%
	SCHW	A	-0.24%
	UAL	A	-0.24%
	FDX	A	-0.24%
	AIG	A	-0.24%
	ABT	A	-0.24%
	LOW	A	-0.23%
	QCOM	F	-0.23%
	D	C	-0.23%
	TGT	C	-0.22%
	SYF	B	-0.22%
	KVUE	A	-0.22%
	GD	D	-0.22%
	DE	C	-0.22%
	EOG	A	-0.22%
	UNP	D	-0.22%
	SW	A	-0.22%
	ADM	D	-0.21%
	HON	A	-0.21%
	LLY	F	-0.2%
	CCL	A	-0.2%
	AFL	C	-0.2%
	WMB	A	-0.19%
	EXC	C	-0.19%
	LYB	F	-0.19%
	LIN	D	-0.19%
	WBD	B	-0.18%
	CFG	A	-0.18%
	TRV	A	-0.18%
	SRE	A	-0.18%
	DD	D	-0.18%
	PGR	B	-0.18%
	MDLZ	F	-0.18%
	NFLX	A	-0.18%
	HCA	F	-0.18%
	DOW	F	-0.17%
	BA	F	-0.17%
	MTB	A	-0.17%
	OXY	D	-0.17%
	IP	A	-0.17%
	HUM	D	-0.17%
	PYPL	A	-0.17%
	TMO	F	-0.16%
	EMR	A	-0.16%
	LUV	A	-0.16%
	PFG	A	-0.16%
	TJX	A	-0.16%
	AEP	C	-0.16%
	DFS	B	-0.16%
	ADBE	F	-0.16%
	MU	D	-0.15%
	MCD	D	-0.15%
	BBY	D	-0.15%
	KEY	A	-0.15%
	FI	A	-0.15%
	NOC	D	-0.15%
	ALL	A	-0.15%
	JCI	A	-0.15%
	ETR	A	-0.15%
	ADI	D	-0.14%
	SBUX	A	-0.14%
	XEL	A	-0.14%
	STT	A	-0.14%
	TSN	A	-0.14%
	NEM	F	-0.14%
	APD	A	-0.14%
	AMT	D	-0.13%
	L	A	-0.13%
	NSC	B	-0.13%
	HIG	A	-0.13%
	PEG	C	-0.13%
	AMD	F	-0.13%
	OKE	A	-0.13%
	LEN	D	-0.13%
	MA	A	-0.13%
	PLD	D	-0.13%
	SLB	C	-0.13%
	VTRS	A	-0.13%
	CMI	A	-0.13%
	BX	A	-0.13%
	FITB	A	-0.12%
	KDP	F	-0.12%
	MMC	C	-0.12%
	NKE	F	-0.12%
	BKNG	A	-0.12%
	SPGI	C	-0.12%
	SYY	B	-0.12%
	AMP	A	-0.12%
	AMAT	F	-0.12%
	EQT	A	-0.12%
	BKR	A	-0.12%
	PCG	A	-0.12%
	DVN	F	-0.12%
	NUE	D	-0.12%
	PCAR	B	-0.12%
	WELL	A	-0.12%
	HBAN	A	-0.12%
	RGA	A	-0.12%
	ETN	B	-0.12%
	ED	D	-0.12%
	FANG	C	-0.11%
	O	D	-0.11%
	BG	D	-0.11%
	REGN	F	-0.11%
	ICE	C	-0.11%
	DHI	F	-0.11%
	BSX	A	-0.11%
	VRTX	C	-0.11%
	CTSH	B	-0.11%
	PFGC	B	-0.11%
	DHR	F	-0.11%
	RF	A	-0.11%
	ACGL	D	-0.11%
	KMB	C	-0.1%
	WM	B	-0.1%
	EIX	C	-0.1%
	CCI	C	-0.1%
	ISRG	A	-0.1%
	LHX	B	-0.1%
	CME	A	-0.1%
	UNM	A	-0.1%
	GIS	D	-0.1%
	VST	A	-0.1%
	GLW	B	-0.1%
	FIS	A	-0.1%
	CSX	B	-0.1%
	LAD	A	-0.09%
	CTVA	D	-0.09%
	FOXA	B	-0.09%
	TRGP	A	-0.09%
	ALLY	C	-0.09%
	FCX	F	-0.09%
	PPL	A	-0.09%
	RSG	B	-0.09%
	ADP	B	-0.09%
	SYK	A	-0.09%
	CL	C	-0.09%
	VICI	C	-0.09%
	MAR	A	-0.09%
	DTE	C	-0.09%
	WEC	A	-0.09%
	ITW	B	-0.09%
	OVV	C	-0.09%
	PH	B	-0.09%
	ORLY	B	-0.08%
	AAL	B	-0.08%
	CMA	B	-0.08%
	LRCX	F	-0.08%
	EQR	C	-0.08%
	EG	D	-0.08%
	TT	A	-0.08%
	BIIB	F	-0.08%
	MOS	D	-0.08%
	K	B	-0.08%
	CARR	D	-0.08%
	X	C	-0.08%
	NTRS	A	-0.08%
	RCL	A	-0.08%
	USFD	B	-0.08%
	SNX	C	-0.08%
	MRO	A	-0.08%
	ES	C	-0.08%
	AFG	A	-0.08%
	BDX	F	-0.08%
	STLD	B	-0.08%
	VTR	C	-0.08%
	AEE	A	-0.08%
	UBER	F	-0.08%
	CBRE	B	-0.08%
	EBAY	D	-0.08%
	TAP	B	-0.08%
	ATO	A	-0.07%
	CAG	F	-0.07%
	PSA	C	-0.07%
	GRMN	B	-0.07%
	WTW	B	-0.07%
	NDAQ	A	-0.07%
	ABNB	C	-0.07%
	BWA	B	-0.07%
	EVRG	A	-0.07%
	PANW	B	-0.07%
	CINF	A	-0.07%
	CHRD	D	-0.07%
	IVZ	B	-0.07%
	AVB	B	-0.07%
	LVS	B	-0.07%
	AON	A	-0.07%
	ZION	A	-0.07%
	CNP	A	-0.07%
	HAL	C	-0.07%
	NXPI	F	-0.07%
	URI	B	-0.07%
	EQIX	A	-0.07%
	EQH	B	-0.07%
	HRL	F	-0.07%
	TROW	A	-0.07%
	FNF	C	-0.07%
	ARW	D	-0.06%
	GWW	B	-0.06%
	WBA	F	-0.06%
	NRG	B	-0.06%
	BAX	F	-0.06%
	CTRA	A	-0.06%
	LH	B	-0.06%
	ROST	D	-0.06%
	NI	A	-0.06%
	JEF	A	-0.06%
	DINO	D	-0.06%
	BXP	D	-0.06%
	PARA	D	-0.06%
	HES	B	-0.06%
	INTU	B	-0.06%
	DVA	C	-0.06%
	NVR	D	-0.06%
	R	B	-0.06%
	CF	A	-0.06%
	PHM	D	-0.06%
	GPN	B	-0.06%
	VFC	C	-0.06%
	PAYX	B	-0.06%
	SPG	A	-0.06%
	RJF	A	-0.06%
	PPG	D	-0.06%
	CHRW	A	-0.06%
	SHW	C	-0.06%
	THC	C	-0.06%
	VNO	C	-0.06%
	NOW	B	-0.06%
	OMC	C	-0.06%
	WY	D	-0.06%
	AZO	A	-0.06%
	APH	B	-0.06%
	FE	C	-0.06%
	MHK	D	-0.06%
	WPC	D	-0.05%
	SJM	D	-0.05%
	ON	F	-0.05%
	PKG	B	-0.05%
	EXPE	A	-0.05%
	FOX	A	-0.05%
	OC	A	-0.05%
	JLL	C	-0.05%
	MCHP	F	-0.05%
	LEA	F	-0.05%
	UHS	D	-0.05%
	ZBH	C	-0.05%
	STX	D	-0.05%
	STZ	D	-0.05%
	EA	A	-0.05%
	WDC	F	-0.05%
	IQV	F	-0.05%
	DG	F	-0.05%
	BLDR	D	-0.05%
	GPC	D	-0.05%
	SNPS	C	-0.05%
	APTV	F	-0.05%
	JBL	C	-0.05%
	KLAC	F	-0.05%
	TOL	B	-0.05%
	PNW	A	-0.05%
	DOC	D	-0.05%
	JHG	A	-0.05%
	ARMK	C	-0.05%
	IFF	F	-0.05%
	WRB	A	-0.05%
	WHR	A	-0.05%
	LNC	B	-0.05%
	GEN	B	-0.05%
	ARE	F	-0.05%
	RS	B	-0.05%
	RNR	D	-0.05%
	SWK	F	-0.05%
	STWD	C	-0.05%
	ROP	C	-0.05%
	DGX	A	-0.05%
	EWBC	A	-0.05%
	FHN	A	-0.05%
	COLB	B	-0.05%
	AWK	C	-0.05%
	HSY	F	-0.05%
	BEN	C	-0.05%
	AJG	A	-0.05%
	CMS	C	-0.05%
	ALK	A	-0.05%
	AMCR	D	-0.05%
	LDOS	C	-0.05%
	IBKR	A	-0.05%
	MNST	B	-0.05%
	MUSA	A	-0.04%
	CPT	D	-0.04%
	OTIS	C	-0.04%
	DOV	B	-0.04%
	COHR	C	-0.04%
	KEYS	C	-0.04%
	KIM	A	-0.04%
	NCLH	B	-0.04%
	BRO	B	-0.04%
	AME	A	-0.04%
	SF	A	-0.04%
	TSCO	D	-0.04%
	DLTR	F	-0.04%
	AES	F	-0.04%
	IPG	F	-0.04%
	J	D	-0.04%
	EXPD	D	-0.04%
	INGR	B	-0.04%
	XPO	B	-0.04%
	GL	B	-0.04%
	AN	D	-0.04%
	CACI	C	-0.04%
	TPR	A	-0.04%
	WLK	F	-0.04%
	OHI	C	-0.04%
	TXT	D	-0.04%
	SNA	A	-0.04%
	REG	A	-0.04%
	TKO	C	-0.04%
	FYBR	C	-0.04%
	NTAP	D	-0.04%
	M	D	-0.04%
	BERY	C	-0.04%
	LNT	A	-0.04%
	ROK	B	-0.04%
	APA	F	-0.04%
	HWM	A	-0.04%
	FTNT	B	-0.04%
	MAA	A	-0.04%
	HST	D	-0.04%
	BALL	D	-0.04%
	WSO	A	-0.04%
	PWR	A	-0.04%
	AR	B	-0.04%
	UTHR	C	-0.04%
	WBS	A	-0.04%
	AIZ	A	-0.04%
	GAP	C	-0.04%
	CPAY	A	-0.04%
	MKC	D	-0.04%
	MCO	D	-0.04%
	KRC	C	-0.04%
	INVH	D	-0.04%
	SNV	B	-0.04%
	DLR	A	-0.04%
	FAST	B	-0.04%
	SWKS	F	-0.04%
	GLPI	C	-0.04%
	CTAS	B	-0.04%
	VOYA	A	-0.04%
	CEG	D	-0.04%
	AL	A	-0.04%
	ESS	A	-0.04%
	CMG	B	-0.04%
	AA	A	-0.04%
	MOH	F	-0.04%
	CIVI	C	-0.04%
	OZK	A	-0.04%
	UGI	C	-0.04%
	MSI	A	-0.04%
	ORI	A	-0.04%
	MGM	D	-0.04%
	IRM	D	-0.04%
	ZTS	D	-0.04%
	ALB	C	-0.04%
	CPB	D	-0.04%
	LYV	A	-0.04%
	ECL	D	-0.04%
	EXR	C	-0.04%
	ROIV	D	-0.04%
	AVT	C	-0.04%
	DRI	B	-0.04%
	WCC	B	-0.04%
	KMX	B	-0.04%
	WAB	B	-0.04%
	EMN	C	-0.04%
	BURL	A	-0.03%
	RMD	C	-0.03%
	MTDR	B	-0.03%
	PENN	C	-0.03%
	WTFC	A	-0.03%
	CDNS	B	-0.03%
	SKX	F	-0.03%
	HAS	D	-0.03%
	CSL	C	-0.03%
	HRB	D	-0.03%
	DTM	A	-0.03%
	CLH	C	-0.03%
	COKE	D	-0.03%
	PK	D	-0.03%
	MAS	D	-0.03%
	ANSS	B	-0.03%
	PAG	B	-0.03%
	BRX	A	-0.03%
	NFG	A	-0.03%
	FSLR	D	-0.03%
	CUZ	B	-0.03%
	POST	D	-0.03%
	CR	B	-0.03%
	MAN	F	-0.03%
	HSIC	C	-0.03%
	LAMR	D	-0.03%
	WTRG	B	-0.03%
	INCY	B	-0.03%
	CZR	F	-0.03%
	GPK	D	-0.03%
	JNPR	D	-0.03%
	BHF	B	-0.03%
	ULTA	F	-0.03%
	FMC	F	-0.03%
	PNFP	A	-0.03%
	FNB	A	-0.03%
	BIO	D	-0.03%
	GME	C	-0.03%
	CHD	A	-0.03%
	UDR	C	-0.03%
	THO	B	-0.03%
	AGCO	D	-0.03%
	PB	A	-0.03%
	CBOE	C	-0.03%
	CFR	B	-0.03%
	RRC	B	-0.03%
	OGE	A	-0.03%
	HUBB	B	-0.03%
	PR	B	-0.03%
	EME	B	-0.03%
	NXST	D	-0.03%
	GEHC	D	-0.03%
	ILMN	C	-0.03%
	GDDY	A	-0.03%
	CE	F	-0.03%
	CLX	A	-0.03%
	ODFL	B	-0.03%
	IT	B	-0.03%
	NWSA	B	-0.03%
	LULU	C	-0.03%
	KD	A	-0.03%
	FTV	D	-0.03%
	AKAM	F	-0.03%
	ACM	B	-0.03%
	FAF	C	-0.03%
	LKQ	F	-0.03%
	WU	F	-0.03%
	MTZ	B	-0.03%
	EL	F	-0.03%
	RL	B	-0.03%
	DKS	D	-0.03%
	YUM	D	-0.03%
	NWL	B	-0.03%
	MLM	B	-0.03%
	CDW	F	-0.03%
	BJ	B	-0.03%
	VMC	B	-0.03%
	HIW	D	-0.03%
	JBHT	C	-0.03%
	TDY	B	-0.03%
	CASY	B	-0.03%
	CPRT	A	-0.03%
	CCK	D	-0.03%
	KNX	B	-0.03%
	OGN	F	-0.03%
	EW	C	-0.03%
	A	F	-0.03%
	ADSK	B	-0.03%
	DXC	D	-0.03%
	TER	F	-0.02%
	BLD	F	-0.02%
	LPX	A	-0.02%
	GMED	A	-0.02%
	ALLE	D	-0.02%
	KBR	D	-0.02%
	EXEL	B	-0.02%
	MIDD	C	-0.02%
	VAC	C	-0.02%
	VMI	B	-0.02%
	ELS	B	-0.02%
	FICO	A	-0.02%
	VSTS	F	-0.02%
	VVV	B	-0.02%
	ST	F	-0.02%
	TTEK	F	-0.02%
	FLO	D	-0.02%
	VLTO	D	-0.02%
	ATI	D	-0.02%
	TXRH	B	-0.02%
	SLM	A	-0.02%
	ERIE	F	-0.02%
	AXTA	A	-0.02%
	FLS	A	-0.02%
	TNL	A	-0.02%
	SEIC	A	-0.02%
	NDSN	C	-0.02%
	CAR	C	-0.02%
	CNXC	F	-0.02%
	KSS	F	-0.02%
	MSM	D	-0.02%
	AGO	A	-0.02%
	MDU	D	-0.02%
	IDA	A	-0.02%
	WWD	B	-0.02%
	EFX	F	-0.02%
	WFRD	F	-0.02%
	RRX	B	-0.02%
	UAA	B	-0.02%
	SBAC	C	-0.02%
	LII	A	-0.02%
	WYNN	D	-0.02%
	NVT	C	-0.02%
	BYD	B	-0.02%
	PII	F	-0.02%
	BC	D	-0.02%
	PRGO	C	-0.02%
	PTC	B	-0.02%
	OLN	F	-0.02%
	CWEN	C	-0.02%
	PPC	B	-0.02%
	AM	A	-0.02%
	PRI	A	-0.02%
	HOG	D	-0.02%
	PVH	C	-0.02%
	AAP	C	-0.02%
	IDXX	F	-0.02%
	HLT	A	-0.02%
	TYL	B	-0.02%
	TTWO	A	-0.02%
	BBWI	C	-0.02%
	LNW	F	-0.02%
	GXO	B	-0.02%
	WAT	B	-0.02%
	ADC	A	-0.02%
	FHB	B	-0.02%
	MTD	F	-0.02%
	CBSH	A	-0.02%
	FBIN	F	-0.02%
	KEX	A	-0.02%
	STE	D	-0.02%
	JWN	C	-0.02%
	AVY	D	-0.02%
	THG	A	-0.02%
	CIEN	B	-0.02%
	MRNA	F	-0.02%
	H	B	-0.02%
	SLGN	A	-0.02%
	G	A	-0.02%
	DECK	A	-0.02%
	PNR	A	-0.02%
	EHC	B	-0.02%
	SAIC	D	-0.02%
	CW	B	-0.02%
	HII	F	-0.02%
	RPM	A	-0.02%
	ALGN	C	-0.02%
	EVR	B	-0.02%
	WSM	D	-0.02%
	RHI	C	-0.02%
	VRSN	F	-0.02%
	BR	A	-0.02%
	GNRC	B	-0.02%
	CUBE	C	-0.02%
	IR	B	-0.02%
	OSK	B	-0.02%
	TRMB	B	-0.02%
	AMG	A	-0.02%
	ALV	C	-0.02%
	RVTY	D	-0.02%
	JAZZ	B	-0.02%
	NNN	C	-0.02%
	HOLX	D	-0.02%
	FFIV	B	-0.02%
	DAR	B	-0.02%
	XYL	D	-0.02%
	NOV	D	-0.02%
	ZBRA	B	-0.02%
	AMH	C	-0.02%
	SCI	A	-0.02%
	CG	B	-0.02%
	SON	D	-0.02%
	AMKR	F	-0.02%
	CLF	F	-0.02%
	MTG	C	-0.02%
	CSGP	F	-0.02%
	TDG	D	-0.02%
	MPW	F	-0.02%
	CHE	D	-0.01%
	EZPW	A	-0.01%
	MSGS	B	-0.01%
	SOLV	C	-0.01%
	TDC	F	-0.01%
	OLED	F	-0.01%
	CHH	A	-0.01%
	RCM	A	-0.01%
	ONTO	F	-0.01%
	MP	B	-0.01%
	RGEN	F	-0.01%
	WST	C	-0.01%
	HXL	F	-0.01%
	ESAB	B	-0.01%
	TPX	A	-0.01%
	MEDP	D	-0.01%
	CRI	F	-0.01%
	AMED	F	-0.01%
	CGNX	D	-0.01%
	EXP	B	-0.01%
	ACHC	F	-0.01%
	AWI	B	-0.01%
	SMCI	F	-0.01%
	MORN	B	-0.01%
	XRAY	F	-0.01%
	BRBR	A	-0.01%
	TREX	C	-0.01%
	FND	F	-0.01%
	CWEN	C	-0.01%
	PAYC	B	-0.01%
	PCTY	B	-0.01%
	BRKR	F	-0.01%
	ENPH	F	-0.01%
	WEN	C	-0.01%
	ETSY	D	-0.01%
	VNT	C	-0.01%
	SSD	D	-0.01%
	DOCS	B	-0.01%
	DXCM	C	-0.01%
	NBIX	D	-0.01%
	MASI	B	-0.01%
	ENOV	C	-0.01%
	CPRI	F	-0.01%
	IPGP	D	-0.01%
	MKSI	C	-0.01%
	PODD	A	-0.01%
	DAY	B	-0.01%
	SHC	D	-0.01%
	BWXT	A	-0.01%
	DLB	D	-0.01%
	ALGM	F	-0.01%
	ROL	A	-0.01%
	EGP	D	-0.01%
	WMS	F	-0.01%
	MTSI	B	-0.01%
	NSA	C	-0.01%
	NWS	B	-0.01%
	NEU	D	-0.01%
	BRC	C	-0.01%
	MAT	D	-0.01%
	PINC	B	-0.01%
	NYT	D	-0.01%
	RLI	A	-0.01%
	RYN	D	-0.01%
	POOL	D	-0.01%
	CNM	C	-0.01%
	EPR	D	-0.01%
	DPZ	C	-0.01%
	LOPE	B	-0.01%
	RH	C	-0.01%
	FIX	A	-0.01%
	UA	B	-0.01%
	FCN	F	-0.01%
	MPWR	F	-0.01%
	OLLI	D	-0.01%
	MKTX	D	-0.01%
	SMG	D	-0.01%
	RBC	A	-0.01%
	TTC	D	-0.01%
	CRUS	F	-0.01%
	SAIA	C	-0.01%
	PSTG	F	-0.01%
	WEX	F	-0.01%
	GGG	A	-0.01%
	DT	C	-0.01%
	WH	B	-0.01%
	LSTR	D	-0.01%
	FHI	A	-0.01%
	VRSK	B	-0.01%
	CROX	F	-0.01%
	LFUS	D	-0.01%
	GNTX	D	-0.01%
	MTCH	F	-0.01%
	LECO	C	-0.01%
	MSCI	A	-0.01%
	FDS	A	-0.01%
	COTY	F	-0.01%
	CRL	D	-0.01%
	JKHY	D	-0.01%
	ASH	F	-0.01%
	NVST	C	-0.01%
	CTLT	D	-0.01%
	CHDN	C	-0.01%
	LEG	F	-0.01%
	DCI	B	-0.01%
	LW	C	-0.01%
	TFX	F	-0.01%
	STAG	D	-0.01%
	AXON	A	-0.01%
	IEX	B	-0.01%
	EEFT	C	-0.01%
	SEE	D	-0.01%
	REXR	F	-0.01%
	FRT	C	-0.01%
	QRVO	F	-0.01%
	FR	D	-0.01%
	LITE	B	-0.01%
	MTN	C	-0.01%
	HLI	B	-0.01%
	KMPR	A	-0.01%
	AOS	F	-0.01%
	ATR	B	-0.01%
	DBX	C	-0.01%
	CC	C	-0.01%
	RGLD	A	-0.01%
	TKR	F	-0.01%
	AYI	B	-0.01%
	ITT	A	-0.01%
	COLM	B	-0.01%
	EPAM	B	-0.01%
	WOLF	F	-0.0%
	CELH	F	-0.0%
	CERT	F	-0.0%
	ELF	C	-0.0%
	AAON	B	-0.0%
	SEDG	F	-0.0%
	DV	C	-0.0%
	WING	F	-0.0%
	PEN	B	-0.0%
	YETI	F	-0.0%
	KNSL	B	-0.0%
	IRDM	D	-0.0%
	FTRE	D	-0.0%
	CXT	D	-0.0%
	AZTA	F	-0.0%
	LSCC	D	-0.0%
	MANH	D	-0.0%
	TR	A	-0.0%
	HAYW	A	-0.0%
	GES	F	-0.0%
	PLNT	A	-0.0%
	SAM	C	-0.0%
	TRIP	D	-0.0%
	FIVE	F	-0.0%
	TECH	F	-0.0%
	ZI	D	-0.0%
	MSA	D	-0.0%
	GO	C	-0.0%

HDG: 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

VLU: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Semiconductors Oil & Gas E&P Biotechnology Business Services Packaged Foods Specialty Chemicals REIT - Diversified Specialty Retail Asset Management Diagnostics & Research Utilities - Regulated Electric Insurance - Property & Casualty REIT - Retail Building Materials Restaurants Aerospace & Defense Capital Markets

Keywords: S&P 500 Bank Nasdaq 100 Banking Natural Gas Real Estate Investment Trust Insurance Chemical Computing Aerospace Electronics Mining Medicine Semiconductor Electricity Deposit Products Telecommunications Transport Commercial Banking Clothing