VB vs. FFLC ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to Fidelity Fundamental Large Cap Core ETF (FFLC)

VB

Vanguard Small-Cap ETF

VB Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small 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

$237.08

Average Daily Volume

635,920

Number of Holdings ^*

1305

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.50

Average Daily Volume

94,967

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	VB	FFLC
30 Days	3.08%	2.80%
60 Days	2.79%	5.73%
90 Days	9.06%	4.91%
12 Months	26.96%	40.47%

31 Overlapping Holdings

Symbol	Grade	Weight in VB	Weight in FFLC	Overlap
AGL	F	0.02%	0.12%	0.02%
AR	C	0.13%	0.24%	0.13%
BJ	D	0.18%	0.58%	0.18%
BLDR	C	0.36%	0.39%	0.36%
BWXT	A	0.16%	0.45%	0.16%
CHDN	D	0.15%	0.27%	0.15%
DKS	D	0.22%	0.21%	0.21%
DT	C	0.24%	0.43%	0.24%
EDR	A	0.03%	0.37%	0.03%
ESI	C	0.1%	0.42%	0.1%
FAF	B	0.11%	0.18%	0.11%
FCN	C	0.14%	0.41%	0.14%
FND	C	0.19%	0.24%	0.19%
FOUR	C	0.09%	0.39%	0.09%
FTI	D	0.18%	0.29%	0.18%
GLPI	C	0.22%	0.26%	0.22%
GNRC	D	0.16%	0.66%	0.16%
HLI	C	0.14%	0.32%	0.14%
ITT	B	0.19%	0.39%	0.19%
JBL	C	0.21%	0.67%	0.21%
KBR	D	0.16%	0.42%	0.16%
LFST	C	0.01%	0.06%	0.01%
MASI	C	0.1%	0.12%	0.1%
NFE	F	0.02%	0.16%	0.02%
OI	D	0.03%	0.17%	0.03%
OWL	B	0.15%	0.16%	0.15%
PFGC	B	0.19%	0.57%	0.19%
RL	B	0.1%	0.51%	0.1%
SAM	D	0.03%	0.27%	0.03%
TRNO	D	0.11%	0.32%	0.11%
WSC	D	0.12%	0.32%	0.12%

VB Overweight 1274 Positions Relative to FFLC

Symbol	Grade	Weight
TRGP	C	0.55%
AXON	B	0.44%
DECK	C	0.41%
SW	B	0.41%
FCNCA	D	0.37%
CSL	B	0.34%
PTC	C	0.34%
BAH	B	0.34%
ATO	B	0.33%
LII	C	0.32%
EME	B	0.31%
NRG	B	0.3%
APP	C	0.3%
WSM	C	0.29%
ENTG	D	0.29%
RS	D	0.28%
WSO	C	0.28%
RBA	D	0.27%
PSTG	F	0.27%
CVNA	B	0.27%
UTHR	B	0.27%
THC	C	0.27%
MANH	B	0.27%
NTNX	D	0.26%
IEX	C	0.26%
KIM	C	0.26%
OC	C	0.25%
PNR	B	0.25%
RPM	B	0.25%
TOL	A	0.25%
DKNG	C	0.25%
GGG	C	0.24%
BG	F	0.24%
RGA	C	0.24%
USFD	C	0.24%
RNR	B	0.23%
UHS	C	0.23%
ACM	B	0.23%
NTRA	C	0.23%
EQH	C	0.23%
HOOD	C	0.22%
ERIE	B	0.22%
NDSN	C	0.22%
KMX	D	0.22%
CPT	C	0.22%
CASY	D	0.22%
REG	C	0.22%
IPG	C	0.21%
AMH	D	0.21%
INSM	D	0.21%
GWRE	B	0.21%
BLD	C	0.21%
JKHY	B	0.21%
FIX	B	0.21%
JNPR	A	0.21%
XPO	D	0.21%
TTEK	C	0.21%
NBIX	F	0.21%
CUBE	C	0.2%
TECH	C	0.2%
EWBC	C	0.2%
ALLY	F	0.2%
COHR	C	0.2%
FFIV	B	0.2%
CLH	C	0.2%
BRO	C	0.2%
EMN	B	0.2%
CW	B	0.2%
WMS	D	0.2%
ALLE	B	0.2%
JLL	B	0.2%
DOCU	C	0.2%
SRPT	F	0.2%
ELS	D	0.2%
QRVO	F	0.19%
HII	F	0.19%
RIVN	F	0.19%
RRX	C	0.19%
TXRH	B	0.19%
NVT	C	0.19%
WING	C	0.19%
EXAS	D	0.19%
OVV	F	0.19%
CHRW	B	0.19%
TFX	B	0.19%
MSTR	C	0.18%
SFM	B	0.18%
CTLT	B	0.18%
ONTO	C	0.18%
APA	F	0.18%
BXP	C	0.18%
LDOS	A	0.18%
HUBB	B	0.18%
SCI	C	0.18%
KNSL	D	0.18%
CACI	B	0.18%
CCK	B	0.18%
LECO	D	0.18%
LAMR	B	0.18%
AFRM	D	0.17%
MTCH	C	0.17%
LNW	F	0.17%
PNW	C	0.17%
EQT	C	0.17%
SAIA	D	0.17%
AOS	B	0.17%
TOST	C	0.17%
ATR	B	0.17%
WWD	C	0.17%
CRL	F	0.17%
AIZ	B	0.17%
REXR	C	0.17%
CHK	C	0.16%
EHC	B	0.16%
CG	C	0.16%
TPR	A	0.16%
FRT	C	0.16%
AFG	C	0.16%
WTRG	D	0.16%
TAP	D	0.16%
ARMK	B	0.16%
TTC	F	0.16%
TWLO	C	0.16%
MUSA	D	0.16%
GL	D	0.16%
OHI	C	0.16%
RBC	B	0.15%
MORN	C	0.15%
OLED	D	0.15%
EXP	B	0.15%
DCI	C	0.15%
APG	F	0.15%
ORI	B	0.15%
CHRD	F	0.15%
MEDP	F	0.15%
FN	C	0.15%
INGR	B	0.15%
HRB	C	0.15%
SOLV	D	0.15%
CHE	C	0.15%
JEF	C	0.15%
STLD	C	0.15%
UNM	B	0.15%
EGP	C	0.15%
HAS	B	0.15%
HSIC	C	0.15%
PRI	B	0.15%
SKX	C	0.15%
FHN	D	0.15%
MOS	F	0.15%
MKTX	D	0.15%
GPK	C	0.15%
RGLD	C	0.15%
CNM	F	0.15%
FMC	B	0.14%
TKO	A	0.14%
ALSN	B	0.14%
HALO	D	0.14%
WBS	C	0.14%
BFAM	C	0.14%
GMED	D	0.14%
BRX	C	0.14%
COLD	D	0.14%
LAD	B	0.14%
CIEN	B	0.14%
WCC	C	0.14%
MHK	B	0.14%
CROX	C	0.14%
DAY	D	0.14%
PR	F	0.14%
EVR	B	0.14%
NYT	B	0.14%
WAL	B	0.14%
FLR	D	0.14%
SF	B	0.14%
ROKU	D	0.14%
NNN	B	0.14%
ENSG	D	0.14%
TPX	B	0.14%
DUOL	C	0.13%
BERY	B	0.13%
FR	C	0.13%
ANF	D	0.13%
MIDD	C	0.13%
CMA	C	0.13%
SOFI	D	0.13%
DTM	C	0.13%
ELAN	D	0.13%
X	F	0.13%
WFRD	F	0.13%
NCLH	B	0.13%
CR	B	0.13%
SSD	C	0.13%
CZR	C	0.13%
BWA	C	0.13%
CRUS	D	0.13%
DOC	B	0.13%
AYI	B	0.13%
MLI	B	0.13%
PCVX	C	0.13%
AIT	B	0.13%
OGE	B	0.13%
ATI	C	0.13%
ELF	F	0.13%
SNX	C	0.13%
TPL	C	0.13%
SEIC	B	0.13%
MKSI	F	0.13%
WEX	C	0.13%
RGEN	F	0.13%
IOT	C	0.13%
DINO	F	0.13%
PAYC	D	0.13%
KNX	C	0.13%
AXTA	B	0.13%
BBWI	D	0.12%
RRC	D	0.12%
MTN	D	0.12%
HQY	C	0.12%
TREX	F	0.12%
CGNX	F	0.12%
AAL	D	0.12%
JAZZ	D	0.12%
KEX	C	0.12%
NOV	F	0.12%
SWN	C	0.12%
G	C	0.12%
OSK	F	0.12%
NSIT	C	0.12%
PODD	C	0.12%
PLNT	C	0.12%
BRKR	D	0.12%
VOYA	B	0.12%
UFPI	C	0.12%
FYBR	C	0.12%
ARW	B	0.12%
MTZ	C	0.12%
EXEL	C	0.12%
ACHC	D	0.12%
WTFC	C	0.12%
GNTX	D	0.12%
LBRDK	C	0.12%
DVA	B	0.12%
BRBR	B	0.12%
IVZ	B	0.12%
PNFP	C	0.12%
ZION	D	0.12%
UDR	C	0.12%
WYNN	C	0.12%
ITCI	D	0.12%
ADC	C	0.12%
STAG	D	0.12%
LNTH	D	0.12%
SSB	C	0.12%
SPSC	D	0.12%
GME	D	0.12%
NI	B	0.12%
BPOP	C	0.12%
AGNC	B	0.12%
PEN	D	0.12%
CBSH	D	0.12%
AAON	B	0.11%
MTSI	C	0.11%
ONB	D	0.11%
RVMD	C	0.11%
WH	B	0.11%
MTDR	F	0.11%
VFC	B	0.11%
SMAR	A	0.11%
POOL	C	0.11%
GKOS	C	0.11%
SITE	D	0.11%
S	D	0.11%
SNV	D	0.11%
ETSY	D	0.11%
EVRG	B	0.11%
CFR	C	0.11%
ESNT	B	0.11%
H	B	0.11%
LSCC	D	0.11%
ESTC	F	0.11%
MAT	D	0.11%
LSTR	D	0.11%
CYTK	F	0.11%
Z	C	0.11%
FLS	C	0.11%
NOVT	D	0.11%
FRPT	C	0.11%
LEA	D	0.11%
UHAL	B	0.11%
DAR	F	0.11%
RLI	B	0.11%
SAIC	C	0.11%
PB	D	0.11%
VKTX	D	0.11%
BIO	C	0.11%
COKE	C	0.11%
CVLT	B	0.11%
LFUS	C	0.11%
TMHC	B	0.11%
MTG	B	0.11%
ACI	F	0.11%
CRS	C	0.11%
PCTY	D	0.11%
MTH	C	0.11%
MSA	D	0.11%
JXN	B	0.11%
MOG.A	B	0.1%
KRG	C	0.1%
AN	C	0.1%
AVAV	C	0.1%
BCPC	C	0.1%
OGN	D	0.1%
BECN	F	0.1%
AA	C	0.1%
COOP	C	0.1%
VMI	C	0.1%
FSS	D	0.1%
AGCO	D	0.1%
SJM	C	0.1%
CBT	B	0.1%
ST	D	0.1%
HLNE	B	0.1%
VNO	B	0.1%
CADE	C	0.1%
RHP	C	0.1%
OMF	D	0.1%
CHX	F	0.1%
GXO	D	0.1%
DBX	C	0.1%
BPMC	F	0.1%
VRNS	B	0.1%
ESAB	C	0.1%
MOD	C	0.1%
R	C	0.1%
PCOR	D	0.1%
BMI	B	0.1%
AXS	B	0.1%
AES	C	0.1%
CIVI	F	0.1%
RYAN	C	0.1%
CWST	D	0.1%
CMC	D	0.1%
CELH	F	0.1%
CLF	F	0.1%
AZEK	C	0.1%
HST	D	0.1%
RHI	D	0.1%
STWD	B	0.1%
LPX	B	0.1%
IONS	F	0.1%
SEE	C	0.09%
ALTR	C	0.09%
IDA	B	0.09%
OLN	D	0.09%
MDU	B	0.09%
GTLS	F	0.09%
CSWI	B	0.09%
SM	F	0.09%
XRAY	D	0.09%
UBSI	D	0.09%
HXL	F	0.09%
GTLB	D	0.09%
COLB	B	0.09%
ACIW	B	0.09%
PATH	D	0.09%
LUMN	C	0.09%
NXST	D	0.09%
MMSI	C	0.09%
BC	C	0.09%
INSP	D	0.09%
UGI	B	0.09%
BCC	C	0.09%
TKR	C	0.09%
GBCI	C	0.09%
IBP	C	0.09%
FNB	D	0.09%
WTS	C	0.09%
MUR	F	0.09%
KBH	C	0.09%
VNT	F	0.09%
THO	C	0.09%
VVV	D	0.09%
RDN	D	0.09%
GAP	F	0.09%
LNC	C	0.09%
KD	F	0.09%
WHR	C	0.09%
EXPO	B	0.09%
NFG	B	0.09%
OLLI	C	0.09%
SRCL	B	0.09%
BILL	D	0.09%
EPAM	F	0.09%
SIGI	D	0.09%
AMG	C	0.09%
AWI	B	0.09%
LKQ	F	0.09%
SON	D	0.09%
OPCH	C	0.09%
PARA	D	0.09%
PVH	D	0.09%
EPRT	B	0.09%
MMS	B	0.09%
POST	B	0.09%
EXLS	B	0.09%
MDGL	F	0.08%
AVNT	B	0.08%
U	D	0.08%
ZWS	B	0.08%
MATX	B	0.08%
WTM	F	0.08%
BOX	C	0.08%
PECO	C	0.08%
HOG	C	0.08%
PII	D	0.08%
NJR	C	0.08%
CRDO	D	0.08%
PSN	B	0.08%
RYN	C	0.08%
ALK	B	0.08%
PIPR	B	0.08%
HWC	D	0.08%
APPF	C	0.08%
FUL	D	0.08%
IRT	C	0.08%
BCO	B	0.08%
ITRI	C	0.08%
MC	C	0.08%
EEFT	F	0.08%
THG	C	0.08%
ALKS	D	0.08%
RMBS	F	0.08%
JHG	B	0.08%
GPI	B	0.08%
SLM	C	0.08%
DY	C	0.08%
SKY	B	0.08%
RARE	C	0.08%
AL	C	0.08%
TENB	F	0.08%
HCP	A	0.08%
OZK	F	0.08%
SUM	D	0.08%
SWX	C	0.08%
ABG	D	0.08%
POR	B	0.08%
AVT	B	0.08%
AM	B	0.08%
GATX	D	0.08%
KRYS	D	0.08%
HOMB	D	0.08%
W	C	0.07%
LITE	B	0.07%
OGS	B	0.07%
WHD	D	0.07%
BBIO	F	0.07%
LYFT	D	0.07%
CWAN	C	0.07%
SBRA	C	0.07%
HRI	C	0.07%
FIVE	D	0.07%
PRGO	F	0.07%
TPG	C	0.07%
ESGR	D	0.07%
AEIS	D	0.07%
SFBS	C	0.07%
DNB	D	0.07%
BYD	C	0.07%
TPH	C	0.07%
APLS	F	0.07%
CNX	B	0.07%
UMBF	C	0.07%
ABCB	C	0.07%
ENS	C	0.07%
FELE	B	0.07%
BKH	B	0.07%
BOOT	B	0.07%
ZG	C	0.07%
ASO	D	0.07%
SPR	D	0.07%
WU	C	0.07%
NEU	D	0.07%
AGO	D	0.07%
GTES	C	0.07%
CPRI	D	0.07%
KTB	B	0.07%
SLGN	B	0.07%
ASGN	D	0.07%
TDW	F	0.07%
CNXC	F	0.07%
QTWO	C	0.07%
CTRE	C	0.07%
AUR	C	0.07%
KRC	C	0.07%
ZETA	C	0.07%
ASH	F	0.07%
DLB	D	0.07%
ORA	B	0.07%
M	F	0.07%
LOPE	D	0.07%
BLKB	C	0.07%
RUN	D	0.07%
MARA	D	0.07%
CUZ	C	0.07%
ITGR	C	0.07%
BDC	B	0.07%
VRRM	D	0.07%
SLG	C	0.07%
QLYS	D	0.07%
MGY	D	0.07%
CFLT	F	0.07%
FLO	C	0.07%
FFIN	C	0.07%
ACA	B	0.07%
KNF	C	0.07%
LW	D	0.07%
LANC	F	0.06%
WSFS	D	0.06%
EBC	C	0.06%
SXT	B	0.06%
GVA	B	0.06%
OSCR	D	0.06%
SKT	B	0.06%
NWE	A	0.06%
SR	B	0.06%
RUSHA	C	0.06%
MWA	B	0.06%
RXO	D	0.06%
NHI	C	0.06%
NSP	F	0.06%
AX	D	0.06%
NEOG	D	0.06%
NPO	C	0.06%
AXSM	C	0.06%
CHH	B	0.06%
FBP	C	0.06%
LRN	B	0.06%
ATKR	F	0.06%
PAG	D	0.06%
HIW	C	0.06%
WD	B	0.06%
PBF	F	0.06%
YETI	D	0.06%
FOLD	F	0.06%
MAC	B	0.06%
BNL	B	0.06%
PCH	C	0.06%
GMS	C	0.06%
IDCC	B	0.06%
RIG	F	0.06%
CBZ	F	0.06%
PLXS	B	0.06%
FULT	D	0.06%
IIPR	B	0.06%
MAN	C	0.06%
AXNX	B	0.06%
HL	C	0.06%
EVH	D	0.06%
OTTR	F	0.06%
IBOC	D	0.06%
ACLS	F	0.06%
AUB	D	0.06%
WDFC	C	0.06%
SIG	C	0.06%
CRC	C	0.06%
CNO	C	0.06%
EPR	C	0.06%
SLAB	D	0.06%
BGC	D	0.06%
TEX	F	0.06%
ABM	D	0.06%
NOG	F	0.06%
HUN	C	0.06%
UCBI	B	0.06%
AEO	D	0.06%
AMKR	F	0.06%
SANM	D	0.06%
ALE	A	0.06%
HASI	C	0.06%
PNM	B	0.06%
DXC	D	0.06%
PTEN	F	0.06%
MSM	D	0.06%
LCID	C	0.06%
RH	C	0.06%
PBH	C	0.06%
PI	B	0.06%
FTDR	B	0.06%
SHAK	C	0.06%
SEM	D	0.06%
VAL	F	0.06%
VLY	D	0.06%
FORM	F	0.06%
WK	D	0.06%
POWI	F	0.06%
KFY	C	0.06%
IAC	C	0.06%
KMPR	D	0.06%
ICUI	C	0.06%
HAE	D	0.06%
DOCS	B	0.06%
MSGS	B	0.06%
PRCT	C	0.06%
MPW	C	0.05%
AAP	F	0.05%
TRN	C	0.05%
ATGE	C	0.05%
DV	F	0.05%
PTCT	C	0.05%
TDC	D	0.05%
OII	D	0.05%
PFSI	C	0.05%
FHI	B	0.05%
BL	D	0.05%
FIBK	C	0.05%
APAM	C	0.05%
HUBG	C	0.05%
SWTX	F	0.05%
VC	F	0.05%
NWL	C	0.05%
REZI	D	0.05%
BTU	C	0.05%
HGV	F	0.05%
WLK	C	0.05%
ADTN	C	0.05%
TNDM	D	0.05%
ARWR	F	0.05%
IRDM	C	0.05%
SMTC	C	0.05%
YOU	B	0.05%
CWK	B	0.05%
ALRM	F	0.05%
PENN	D	0.05%
SMPL	D	0.05%
LCII	C	0.05%
CACC	F	0.05%
BHF	F	0.05%
SGBX	F	0.05%
UNF	B	0.05%
JBT	C	0.05%
BROS	D	0.05%
CALM	B	0.05%
IOSP	F	0.05%
BKU	D	0.05%
PRIM	B	0.05%
CC	D	0.05%
LXP	C	0.05%
HP	F	0.05%
IOVA	F	0.05%
CORT	B	0.05%
FL	F	0.05%
AIN	F	0.05%
WEN	C	0.05%
GFF	C	0.05%
RRR	D	0.05%
SKYW	C	0.05%
GH	F	0.05%
WAFD	D	0.05%
DORM	C	0.05%
TNL	C	0.05%
PEGA	B	0.05%
CNK	C	0.05%
CRVL	B	0.05%
AVA	B	0.05%
SMG	B	0.05%
AWR	C	0.05%
CATY	C	0.05%
BXMT	C	0.05%
DIOD	F	0.05%
GNW	C	0.05%
PK	D	0.05%
ALIT	D	0.05%
LBRT	F	0.05%
CCOI	C	0.05%
ESE	B	0.05%
BRC	B	0.05%
FHB	D	0.05%
ENV	C	0.05%
TNET	F	0.05%
CHWY	D	0.05%
TCBI	C	0.05%
MGEE	C	0.05%
NVST	D	0.05%
ZI	D	0.05%
SHOO	B	0.05%
APLE	C	0.05%
NSA	C	0.05%
UPST	C	0.05%
EAT	C	0.05%
CWT	D	0.05%
AMED	D	0.05%
HCC	D	0.05%
AROC	D	0.05%
SYNA	D	0.05%
CBU	D	0.05%
STEP	B	0.05%
COTY	D	0.05%
TGTX	C	0.05%
KTOS	B	0.05%
NUVL	D	0.05%
ASB	D	0.05%
NVCR	F	0.04%
IRTC	F	0.04%
NEO	F	0.04%
FLYW	F	0.04%
MLKN	F	0.04%
HBI	A	0.04%
SXI	C	0.04%
SHO	C	0.04%
TDS	B	0.04%
PINC	D	0.04%
VERX	D	0.04%
NARI	F	0.04%
STRA	F	0.04%
LGIH	D	0.04%
OFG	C	0.04%
PRVA	F	0.04%
ABR	B	0.04%
DBRG	D	0.04%
PHIN	C	0.04%
NBTB	D	0.04%
JWN	C	0.04%
PSMT	B	0.04%
INTA	C	0.04%
EVTC	D	0.04%
RDNT	B	0.04%
CDE	C	0.04%
SATS	C	0.04%
TXG	D	0.04%
AIR	D	0.04%
WERN	C	0.04%
YELP	D	0.04%
EPAC	B	0.04%
JOE	D	0.04%
CNMD	D	0.04%
ZD	D	0.04%
CACC	F	0.04%
HHH	C	0.04%
TOWN	D	0.04%
IPAR	D	0.04%
LAUR	C	0.04%
KWR	D	0.04%
HIMS	D	0.04%
FRME	D	0.04%
CRI	D	0.04%
BE	F	0.04%
HI	F	0.04%
AKR	B	0.04%
AMBA	C	0.04%
ENR	D	0.04%
VAC	D	0.04%
MQ	F	0.04%
TGNA	C	0.04%
PFS	C	0.04%
AZZ	C	0.04%
RPD	D	0.04%
ARCH	D	0.04%
ARCB	D	0.04%
KYMR	C	0.04%
BOKF	C	0.04%
URBN	F	0.04%
FIVN	F	0.04%
TWST	D	0.04%
CWEN	A	0.04%
FFBC	D	0.04%
OUT	B	0.04%
MTRN	D	0.04%
FROG	F	0.04%
ALGM	D	0.04%
NCNO	F	0.04%
VCYT	C	0.04%
HNI	C	0.04%
CARG	C	0.04%
OSIS	C	0.04%
SGRY	D	0.04%
FRSH	F	0.04%
MYGN	D	0.04%
CVBF	D	0.04%
BRZE	F	0.04%
SITM	B	0.04%
GHC	B	0.04%
PPBI	D	0.04%
CNS	B	0.04%
MTX	D	0.04%
AI	F	0.04%
ACVA	C	0.04%
GT	F	0.04%
UE	C	0.04%
PRGS	A	0.04%
VSH	F	0.04%
AZTA	F	0.04%
COMP	C	0.04%
INDB	D	0.04%
SFNC	C	0.04%
PRK	D	0.04%
ENOV	F	0.04%
VIRT	C	0.04%
RNG	F	0.04%
AGIO	D	0.04%
SPB	B	0.04%
DNLI	C	0.04%
COLM	C	0.04%
TMDX	C	0.04%
BOH	D	0.04%
PRFT	B	0.04%
AMR	D	0.04%
LSXMK	D	0.04%
SQSP	B	0.04%
MGRC	D	0.04%
PJT	B	0.04%
DEI	B	0.04%
HEES	D	0.03%
HTH	D	0.03%
SONO	F	0.03%
ARI	F	0.03%
CMPR	F	0.03%
BLMN	F	0.03%
JBI	F	0.03%
NWN	B	0.03%
GTY	C	0.03%
PLUG	F	0.03%
STBA	D	0.03%
PTON	C	0.03%
PZZA	D	0.03%
REVG	D	0.03%
RDDT	C	0.03%
GEF	C	0.03%
KN	D	0.03%
CABO	F	0.03%
INFA	D	0.03%
LTC	C	0.03%
JBGS	C	0.03%
THRM	F	0.03%
MP	C	0.03%
PEB	D	0.03%
LEG	D	0.03%
ARVN	F	0.03%
RXRX	F	0.03%
STAA	D	0.03%
CVCO	B	0.03%
RAMP	F	0.03%
JBLU	C	0.03%
TROX	D	0.03%
NVAX	D	0.03%
ALKT	D	0.03%
ANDE	D	0.03%
REYN	C	0.03%
PPC	D	0.03%
NBHC	D	0.03%
SCL	D	0.03%
CHCO	D	0.03%
FCF	D	0.03%
GO	F	0.03%
FOXF	F	0.03%
CRGY	D	0.03%
PDFS	D	0.03%
CENTA	F	0.03%
KNTK	C	0.03%
LZB	C	0.03%
DRH	C	0.03%
NWBI	D	0.03%
NMRK	B	0.03%
VSAT	F	0.03%
LEVI	C	0.03%
NHC	D	0.03%
GEO	F	0.03%
CAKE	B	0.03%
LGND	D	0.03%
PDCO	F	0.03%
WSBC	D	0.03%
MCY	C	0.03%
MGNI	D	0.03%
TRMK	D	0.03%
SUPN	D	0.03%
VSCO	C	0.03%
VSTS	D	0.03%
VRNT	F	0.03%
ROIC	C	0.03%
TNC	D	0.03%
IPGP	D	0.03%
KAR	D	0.03%
TTMI	D	0.03%
KAI	C	0.03%
HURN	C	0.03%
GOLF	F	0.03%
PGNY	F	0.03%
MRCY	C	0.03%
IVT	D	0.03%
GSHD	C	0.03%
PRG	C	0.03%
VIAV	C	0.03%
BANF	C	0.03%
LTH	C	0.03%
B	C	0.03%
QS	F	0.03%
THS	C	0.03%
JOBY	F	0.03%
RIOT	F	0.03%
SHC	C	0.03%
BEAM	F	0.03%
JJSF	B	0.03%
GNL	D	0.03%
EPC	F	0.03%
WLY	B	0.03%
ROG	D	0.03%
ASTH	B	0.03%
VECO	F	0.03%
VGR	C	0.03%
RKLB	C	0.03%
AMN	F	0.03%
IMVT	F	0.03%
MIR	C	0.03%
KMT	B	0.03%
OMCL	C	0.03%
KSS	D	0.03%
DOCN	C	0.03%
IBTX	C	0.03%
BANR	C	0.03%
ACAD	F	0.03%
NTLA	F	0.03%
NATL	D	0.03%
FTRE	F	0.03%
EQC	D	0.03%
CALX	C	0.03%
HAYW	C	0.03%
RCM	C	0.03%
RNST	D	0.03%
BCRX	D	0.02%
VIR	F	0.02%
SSTK	F	0.02%
BV	C	0.02%
DLX	F	0.02%
EXPI	C	0.02%
MD	C	0.02%
NX	F	0.02%
CLB	D	0.02%
SHLS	F	0.02%
MMI	C	0.02%
CWEN	A	0.02%
CRK	C	0.02%
PGRE	D	0.02%
RBRK	F	0.02%
EMBC	D	0.02%
CMTG	F	0.02%
GSAT	F	0.02%
SIRI	C	0.02%
JACK	F	0.02%
ETWO	D	0.02%
MRVI	D	0.02%
ARRY	F	0.02%
EXTR	C	0.02%
FA	B	0.02%
MATV	D	0.02%
LMND	F	0.02%
AMRC	B	0.02%
UNIT	C	0.02%
RWT	C	0.02%
SNDR	B	0.02%
PLAY	D	0.02%
GIII	D	0.02%
HTLF	C	0.02%
LBRDA	C	0.02%
INVA	C	0.02%
CXM	F	0.02%
DDS	D	0.02%
TRS	C	0.02%
WWW	A	0.02%
VSTO	C	0.02%
ODP	F	0.02%
ATSG	C	0.02%
FIZZ	D	0.02%
RDFN	D	0.02%
THR	F	0.02%
ROCK	D	0.02%
MRC	D	0.02%
CNNE	F	0.02%
XNCR	D	0.02%
WMK	D	0.02%
UTZ	C	0.02%
SABR	C	0.02%
AVNS	C	0.02%
CSR	D	0.02%
ACT	C	0.02%
IAS	D	0.02%
FDP	C	0.02%
CARS	F	0.02%
HRMY	B	0.02%
ECPG	D	0.02%
CEIX	C	0.02%
OMI	D	0.02%
SCSC	D	0.02%
PYCR	D	0.02%
MXL	D	0.02%
KALU	D	0.02%
KW	C	0.02%
UPWK	D	0.02%
NOVA	D	0.02%
FLNC	C	0.02%
HE	F	0.02%
BHLB	C	0.02%
SCS	D	0.02%
PBI	C	0.02%
AMRX	C	0.02%
ASAN	F	0.02%
ATRC	D	0.02%
PDM	C	0.02%
AIV	C	0.02%
KFRC	F	0.02%
EIG	C	0.02%
INSW	C	0.02%
ZUO	F	0.02%
TDOC	D	0.02%
JELD	D	0.02%
WOLF	F	0.02%
PMT	C	0.02%
VCTR	B	0.02%
PLMR	C	0.02%
DK	F	0.02%
AAT	C	0.02%
SAFT	D	0.02%
WS	D	0.02%
XRX	D	0.02%
MSGE	B	0.02%
OPEN	F	0.02%
APPN	C	0.02%
UVV	D	0.02%
HELE	D	0.02%
AESI	D	0.02%
BKE	B	0.02%
LC	D	0.02%
OXM	F	0.02%
ENVX	F	0.02%
BKD	D	0.02%
WABC	D	0.02%
CAR	D	0.02%
PWSC	C	0.02%
NAVI	D	0.02%
INFN	B	0.02%
WRBY	C	0.02%
SDGR	F	0.02%
SBH	B	0.02%
CODI	C	0.02%
IART	F	0.02%
CSGS	C	0.02%
LNN	C	0.02%
WOR	F	0.02%
MODG	F	0.02%
DNOW	F	0.02%
SPNT	D	0.02%
RLJ	D	0.02%
LADR	D	0.02%
ESRT	C	0.02%
AMC	F	0.02%
JAMF	D	0.02%
UA	C	0.02%
GBX	D	0.02%
VRTS	F	0.02%
NGVT	D	0.02%
ALEX	C	0.02%
TRUP	D	0.02%
XHR	B	0.02%
BHE	C	0.02%
CXW	F	0.02%
NTCT	C	0.02%
HMN	C	0.02%
UAA	C	0.02%
HOPE	D	0.02%
HLIO	C	0.02%
TRIP	F	0.02%
SPT	F	0.02%
DAN	D	0.02%
APOG	B	0.02%
CERT	F	0.02%
AMCX	F	0.01%
HPK	F	0.01%
ADPT	C	0.01%
EGBN	D	0.01%
SWBI	F	0.01%
LAZR	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
WRLD	D	0.01%
INN	B	0.01%
HGTY	D	0.01%
ANAB	D	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	C	0.01%
BIGC	F	0.01%
PAY	D	0.01%
IBTA	C	0.01%
ATUS	C	0.01%
OPK	D	0.01%
NUS	F	0.01%
PTVE	D	0.01%
DAWN	D	0.01%
TWKS	C	0.01%
RCUS	D	0.01%
MLNK	D	0.01%
CCO	D	0.01%
SAGE	F	0.01%
GCMG	B	0.01%
DIN	D	0.01%
CLBK	D	0.01%
USNA	F	0.01%
ALX	B	0.01%
PX	C	0.01%
NVRI	D	0.01%
SILK	A	0.01%
LGF.A	F	0.01%
BFS	B	0.01%
TR	C	0.01%
LESL	F	0.01%
AMBC	F	0.01%
MAX	C	0.01%
YEXT	C	0.01%
VREX	F	0.01%
ZIP	D	0.01%
INST	D	0.01%
TILE	C	0.01%
OLO	F	0.01%
DJT	F	0.01%
NRDS	D	0.01%
TGI	F	0.01%
HTLD	F	0.01%
LASR	F	0.01%
RGNX	F	0.01%
FOR	D	0.01%
SRCL	B	0.01%
SNCY	D	0.01%
KREF	C	0.01%
SMR	C	0.01%
LPRO	C	0.01%
CNDT	C	0.01%
GDRX	F	0.01%
UHAL	B	0.01%
CTKB	F	0.01%
GES	F	0.01%
SCHL	D	0.01%
HY	F	0.01%
RES	D	0.01%
ARHS	F	0.01%
IBUY	A	0.01%
MCW	F	0.01%
RSI	C	0.01%
BMBL	F	0.01%
BGS	D	0.01%
SWI	B	0.01%
KELYA	D	0.01%
PUBM	F	0.01%
ALGT	D	0.01%
SEMR	C	0.01%
CFFN	D	0.01%
BJRI	D	0.01%
SMMT	D	0.01%
PTLO	C	0.01%
PRA	C	0.01%
IRWD	F	0.01%
RCKT	F	0.01%
PCRX	F	0.01%
PHR	F	0.01%
CAL	F	0.01%
HSTM	D	0.01%
TMP	D	0.01%
AMWD	C	0.01%
AXL	F	0.01%
HAIN	C	0.01%
PUMP	F	0.01%
USM	C	0.01%
LOB	C	0.01%
HPP	F	0.01%
CENX	C	0.01%
RGR	F	0.01%
BASE	F	0.01%
MATW	F	0.01%
FSLY	D	0.01%
DFH	C	0.01%
ECVT	F	0.01%
SEB	D	0.01%
CHPT	F	0.01%
CDNA	C	0.01%
TFSL	D	0.01%
VMEO	C	0.01%
MNRO	C	0.01%
ASTE	F	0.01%
PRLB	F	0.01%
HLF	F	0.01%
BRSP	D	0.01%
SVC	F	0.01%
SHEN	F	0.01%
AMK	B	0.01%
KOP	F	0.01%
FIGS	C	0.01%
HCSG	D	0.01%
SANA	F	0.01%
HLX	D	0.01%
GRC	D	0.01%
SAH	D	0.01%
VZIO	B	0.01%
DRVN	C	0.01%
EYE	F	0.01%
NABL	F	0.01%
WNC	F	0.01%
UDMY	F	0.01%
PRO	F	0.01%
PCT	C	0.01%
UNFI	B	0.01%
UWMC	D	0.01%
DNUT	F	0.01%
BDN	C	0.01%
RLAY	F	0.01%
CGON	C	0.01%
XMTR	D	0.01%
ALHC	C	0.01%
BRKL	C	0.01%
FG	C	0.01%
PRAA	F	0.01%
RVLV	C	0.01%
AHCO	C	0.01%
CBRL	D	0.01%
VICR	C	0.01%
COUR	D	0.01%
CWH	C	0.01%
NNI	C	0.01%
CVI	F	0.01%
LGF.A	F	0.01%
SCWX	C	0.0%
AC	C	0.0%
TTEC	F	0.0%
SEG	F	0.0%
CRNC	F	0.0%
SES	F	0.0%
FCEL	F	0.0%
CHGG	F	0.0%
GEF	C	0.0%
ACDC	F	0.0%
EB	F	0.0%
LYEL	D	0.0%
INNV	D	0.0%
DDD	D	0.0%
DBI	F	0.0%
SAVE	F	0.0%
TMCI	F	0.0%
EDIT	F	0.0%
LDI	D	0.0%
MEI	D	0.0%
UFCS	D	0.0%
ZNTL	D	0.0%
PACB	D	0.0%
RDUS	D	0.0%
ANGI	D	0.0%
ULCC	D	0.0%
OLPX	D	0.0%
NPK	D	0.0%
TASK	F	0.0%
DH	F	0.0%
WOOF	C	0.0%
BRCC	F	0.0%
VERV	F	0.0%
GOGO	F	0.0%
ENFN	C	0.0%
RUSHB	C	0.0%
BOWL	D	0.0%
PRME	F	0.0%
KRO	C	0.0%
CRCT	C	0.0%
CEVA	C	0.0%
PL	D	0.0%
UHT	C	0.0%
TRTX	D	0.0%
CRSR	D	0.0%
EE	A	0.0%

VB Underweight 102 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AAPL	C	-4.51%
NVDA	C	-3.39%
AMZN	C	-3.26%
META	B	-2.57%
GOOGL	D	-2.4%
LLY	D	-1.93%
UNH	C	-1.72%
V	C	-1.63%
XOM	D	-1.49%
ADBE	F	-1.41%
BA	F	-1.31%
AMD	C	-1.27%
BSX	B	-1.23%
TJX	C	-1.2%
CMCSA	C	-1.16%
WFC	D	-1.08%
NFLX	B	-1.06%
ETN	C	-1.05%
UBER	C	-1.04%
TMO	B	-1.03%
PH	B	-1.02%
JPM	D	-0.98%
CRM	C	-0.98%
CB	B	-0.97%
INTU	D	-0.92%
NKE	D	-0.92%
PWR	B	-0.92%
GE	C	-0.9%
BAC	D	-0.9%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
REGN	D	-0.76%
FCX	C	-0.75%
CAT	B	-0.75%
KO	B	-0.73%
IR	B	-0.73%
APTV	D	-0.71%
BKR	C	-0.7%
SHOP	C	-0.69%
ON	D	-0.69%
LMT	A	-0.68%
NXPI	D	-0.68%
SYK	C	-0.67%
HWM	B	-0.67%
CEG	C	-0.66%
VST	B	-0.65%
KDP	B	-0.63%
BKNG	B	-0.61%
MS	B	-0.6%
NOC	B	-0.6%
SLB	F	-0.6%
TSM	C	-0.58%
DIS	D	-0.57%
ADI	C	-0.55%
MMC	C	-0.53%
CI	C	-0.52%
FLEX	B	-0.52%
LNG	D	-0.51%
CNC	D	-0.51%
ABNB	D	-0.5%
WMT	B	-0.49%
CE	D	-0.49%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
NVR	B	-0.45%
SNPS	F	-0.44%
CSCO	B	-0.44%
WDAY	D	-0.44%
CMG	D	-0.42%
ARES	B	-0.41%
SPOT	C	-0.4%
LEN	B	-0.39%
CBRE	B	-0.39%
AVY	C	-0.38%
URI	B	-0.37%
GS	B	-0.33%
HES	F	-0.32%
GILD	B	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
MRK	F	-0.26%
TT	B	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
ACGL	B	-0.24%
TER	C	-0.22%
WST	D	-0.22%
STZ	C	-0.2%
WNS	F	-0.19%
ESS	C	-0.18%
MU	D	-0.14%
LEGN	F	-0.12%
MRVL	D	-0.04%