VB vs. FNCL ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to Fidelity MSCI Financials Index ETF (FNCL)

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

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.63

Average Daily Volume

81,625

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	VB	FNCL
30 Days	3.08%	1.16%
60 Days	2.79%	3.97%
90 Days	9.06%	10.27%
12 Months	26.96%	38.09%

202 Overlapping Holdings

Symbol	Grade	Weight in VB	Weight in FNCL	Overlap
ABCB	C	0.07%	0.06%	0.06%
ABR	B	0.04%	0.03%	0.03%
ACT	C	0.02%	0.02%	0.02%
AFG	C	0.16%	0.14%	0.14%
AFRM	D	0.17%	0.15%	0.15%
AGNC	B	0.12%	0.1%	0.1%
AGO	D	0.07%	0.06%	0.06%
AIZ	B	0.17%	0.14%	0.14%
ALLY	F	0.2%	0.12%	0.12%
AMBC	F	0.01%	0.01%	0.01%
AMG	C	0.09%	0.08%	0.08%
APAM	C	0.05%	0.04%	0.04%
ARI	F	0.03%	0.02%	0.02%
ASB	D	0.05%	0.05%	0.05%
AUB	D	0.06%	0.04%	0.04%
AX	D	0.06%	0.05%	0.05%
AXS	B	0.1%	0.1%	0.1%
BANF	C	0.03%	0.03%	0.03%
BANR	C	0.03%	0.03%	0.03%
BGC	D	0.06%	0.05%	0.05%
BHF	F	0.05%	0.04%	0.04%
BHLB	C	0.02%	0.02%	0.02%
BKU	D	0.05%	0.04%	0.04%
BOH	D	0.04%	0.04%	0.04%
BOKF	C	0.04%	0.04%	0.04%
BPOP	C	0.12%	0.1%	0.1%
BRKL	C	0.01%	0.01%	0.01%
BRO	C	0.2%	0.35%	0.2%
BRSP	D	0.01%	0.01%	0.01%
BXMT	C	0.05%	0.04%	0.04%
CACC	F	0.05%	0.04%	0.04%
CACC	F	0.04%	0.04%	0.04%
CADE	C	0.1%	0.08%	0.08%
CATY	C	0.05%	0.04%	0.04%
CBSH	D	0.12%	0.1%	0.1%
CBU	D	0.05%	0.04%	0.04%
CFFN	D	0.01%	0.01%	0.01%
CFR	C	0.11%	0.09%	0.09%
CG	C	0.16%	0.13%	0.13%
CHCO	D	0.03%	0.02%	0.02%
CLBK	D	0.01%	0.01%	0.01%
CMA	C	0.13%	0.11%	0.11%
CMTG	F	0.02%	0.01%	0.01%
CNNE	F	0.02%	0.01%	0.01%
CNO	C	0.06%	0.06%	0.06%
CNS	B	0.04%	0.04%	0.04%
CODI	C	0.02%	0.02%	0.02%
COLB	B	0.09%	0.07%	0.07%
COOP	C	0.1%	0.09%	0.09%
CVBF	D	0.04%	0.03%	0.03%
EBC	C	0.06%	0.04%	0.04%
ECPG	D	0.02%	0.01%	0.01%
EEFT	F	0.08%	0.06%	0.06%
EGBN	D	0.01%	0.01%	0.01%
EIG	C	0.02%	0.02%	0.02%
EQH	C	0.23%	0.19%	0.19%
ERIE	B	0.22%	0.18%	0.18%
ESGR	D	0.07%	0.06%	0.06%
ESNT	B	0.11%	0.1%	0.1%
EVR	B	0.14%	0.12%	0.12%
EVTC	D	0.04%	0.03%	0.03%
EWBC	C	0.2%	0.16%	0.16%
FAF	B	0.11%	0.1%	0.1%
FBP	C	0.06%	0.05%	0.05%
FCF	D	0.03%	0.02%	0.02%
FCNCA	D	0.37%	0.26%	0.26%
FFBC	D	0.04%	0.03%	0.03%
FFIN	C	0.07%	0.06%	0.06%
FG	C	0.01%	0.01%	0.01%
FHB	D	0.05%	0.04%	0.04%
FHI	B	0.05%	0.04%	0.04%
FHN	D	0.15%	0.12%	0.12%
FIBK	C	0.05%	0.04%	0.04%
FLYW	F	0.04%	0.03%	0.03%
FNB	D	0.09%	0.07%	0.07%
FOUR	C	0.09%	0.06%	0.06%
FRME	D	0.04%	0.03%	0.03%
FULT	D	0.06%	0.04%	0.04%
GBCI	C	0.09%	0.07%	0.07%
GL	D	0.16%	0.14%	0.14%
GNW	C	0.05%	0.04%	0.04%
GSHD	C	0.03%	0.03%	0.03%
HASI	C	0.06%	0.05%	0.05%
HGTY	D	0.01%	0.0%	0.0%
HLI	C	0.14%	0.11%	0.11%
HLNE	B	0.1%	0.08%	0.08%
HMN	C	0.02%	0.02%	0.02%
HOMB	D	0.08%	0.07%	0.07%
HOOD	C	0.22%	0.16%	0.16%
HOPE	D	0.02%	0.02%	0.02%
HTH	D	0.03%	0.02%	0.02%
HTLF	C	0.02%	0.03%	0.02%
HWC	D	0.08%	0.06%	0.06%
IBOC	D	0.06%	0.05%	0.05%
IBTX	C	0.03%	0.03%	0.03%
INDB	D	0.04%	0.03%	0.03%
IVZ	B	0.12%	0.07%	0.07%
JEF	C	0.15%	0.14%	0.14%
JHG	B	0.08%	0.07%	0.07%
JKHY	B	0.21%	0.18%	0.18%
JXN	B	0.11%	0.08%	0.08%
KMPR	D	0.06%	0.05%	0.05%
KNSL	D	0.18%	0.14%	0.14%
KREF	C	0.01%	0.01%	0.01%
LADR	D	0.02%	0.02%	0.02%
LC	D	0.02%	0.02%	0.02%
LMND	F	0.02%	0.01%	0.01%
LNC	C	0.09%	0.07%	0.07%
LOB	C	0.01%	0.02%	0.01%
LPRO	C	0.01%	0.01%	0.01%
MC	C	0.08%	0.06%	0.06%
MCY	C	0.03%	0.02%	0.02%
MKTX	D	0.15%	0.13%	0.13%
MORN	C	0.15%	0.12%	0.12%
MQ	F	0.04%	0.03%	0.03%
MTG	B	0.11%	0.1%	0.1%
NATL	D	0.03%	0.03%	0.03%
NAVI	D	0.02%	0.02%	0.02%
NBHC	D	0.03%	0.02%	0.02%
NBTB	D	0.04%	0.03%	0.03%
NNI	C	0.01%	0.02%	0.01%
NRDS	D	0.01%	0.01%	0.01%
NWBI	D	0.03%	0.02%	0.02%
OFG	C	0.04%	0.03%	0.03%
OMF	D	0.1%	0.08%	0.08%
ONB	D	0.11%	0.08%	0.08%
ORI	B	0.15%	0.13%	0.13%
OSCR	D	0.06%	0.05%	0.05%
OWL	B	0.15%	0.12%	0.12%
OZK	F	0.08%	0.06%	0.06%
PAY	D	0.01%	0.01%	0.01%
PB	D	0.11%	0.09%	0.09%
PFS	C	0.04%	0.03%	0.03%
PFSI	C	0.05%	0.07%	0.05%
PIPR	B	0.08%	0.07%	0.07%
PJT	B	0.04%	0.04%	0.04%
PLMR	C	0.02%	0.03%	0.02%
PMT	C	0.02%	0.02%	0.02%
PNFP	C	0.12%	0.1%	0.1%
PPBI	D	0.04%	0.03%	0.03%
PRA	C	0.01%	0.01%	0.01%
PRAA	F	0.01%	0.01%	0.01%
PRG	C	0.03%	0.03%	0.03%
PRI	B	0.15%	0.13%	0.13%
PRK	D	0.04%	0.04%	0.04%
PX	C	0.01%	0.01%	0.01%
RDN	D	0.09%	0.07%	0.07%
RGA	C	0.24%	0.2%	0.2%
RLI	B	0.11%	0.08%	0.08%
RNR	B	0.23%	0.19%	0.19%
RNST	D	0.03%	0.03%	0.03%
RWT	C	0.02%	0.01%	0.01%
RYAN	C	0.1%	0.09%	0.09%
SAFT	D	0.02%	0.02%	0.02%
SEIC	B	0.13%	0.1%	0.1%
SF	B	0.14%	0.13%	0.13%
SFBS	C	0.07%	0.06%	0.06%
SFNC	C	0.04%	0.04%	0.04%
SIGI	D	0.09%	0.08%	0.08%
SLM	C	0.08%	0.06%	0.06%
SNV	D	0.11%	0.09%	0.09%
SOFI	D	0.13%	0.11%	0.11%
SPNT	D	0.02%	0.02%	0.02%
SSB	C	0.12%	0.1%	0.1%
STBA	D	0.03%	0.02%	0.02%
STEP	B	0.05%	0.04%	0.04%
STWD	B	0.1%	0.08%	0.08%
TCBI	C	0.05%	0.04%	0.04%
TFSL	D	0.01%	0.01%	0.01%
THG	C	0.08%	0.07%	0.07%
TMP	D	0.01%	0.01%	0.01%
TOST	C	0.17%	0.13%	0.13%
TOWN	D	0.04%	0.04%	0.04%
TPG	C	0.07%	0.06%	0.06%
TRMK	D	0.03%	0.03%	0.03%
TRTX	D	0.0%	0.01%	0.0%
TRUP	D	0.02%	0.02%	0.02%
UBSI	D	0.09%	0.07%	0.07%
UCBI	B	0.06%	0.05%	0.05%
UFCS	D	0.0%	0.01%	0.0%
UMBF	C	0.07%	0.07%	0.07%
UNM	B	0.15%	0.13%	0.13%
UPST	C	0.05%	0.04%	0.04%
UWMC	D	0.01%	0.01%	0.01%
VCTR	B	0.02%	0.03%	0.02%
VIRT	C	0.04%	0.04%	0.04%
VLY	D	0.06%	0.05%	0.05%
VOYA	B	0.12%	0.11%	0.11%
VRTS	F	0.02%	0.02%	0.02%
WABC	D	0.02%	0.02%	0.02%
WAFD	D	0.05%	0.04%	0.04%
WAL	B	0.14%	0.12%	0.12%
WBS	C	0.14%	0.11%	0.11%
WD	B	0.06%	0.05%	0.05%
WEX	C	0.13%	0.12%	0.12%
WRLD	D	0.01%	0.01%	0.01%
WSBC	D	0.03%	0.03%	0.03%
WSFS	D	0.06%	0.04%	0.04%
WTFC	C	0.12%	0.1%	0.1%
WTM	F	0.08%	0.06%	0.06%
WU	C	0.07%	0.04%	0.04%
ZION	D	0.12%	0.1%	0.1%

VB Overweight 1103 Positions Relative to FNCL

Symbol	Grade	Weight
TRGP	C	0.55%
AXON	B	0.44%
DECK	C	0.41%
SW	B	0.41%
BLDR	C	0.36%
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%
DT	C	0.24%
BG	F	0.24%
USFD	C	0.24%
UHS	C	0.23%
ACM	B	0.23%
NTRA	C	0.23%
DKS	D	0.22%
NDSN	C	0.22%
KMX	D	0.22%
CPT	C	0.22%
CASY	D	0.22%
GLPI	C	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%
JBL	C	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%
COHR	C	0.2%
FFIV	B	0.2%
CLH	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%
FND	C	0.19%
OVV	F	0.19%
ITT	B	0.19%
CHRW	B	0.19%
TFX	B	0.19%
PFGC	B	0.19%
MSTR	C	0.18%
SFM	B	0.18%
CTLT	B	0.18%
ONTO	C	0.18%
APA	F	0.18%
BJ	D	0.18%
BXP	C	0.18%
LDOS	A	0.18%
HUBB	B	0.18%
SCI	C	0.18%
CACI	B	0.18%
CCK	B	0.18%
FTI	D	0.18%
LECO	D	0.18%
LAMR	B	0.18%
MTCH	C	0.17%
LNW	F	0.17%
PNW	C	0.17%
EQT	C	0.17%
SAIA	D	0.17%
AOS	B	0.17%
ATR	B	0.17%
WWD	C	0.17%
CRL	F	0.17%
REXR	C	0.17%
CHK	C	0.16%
KBR	D	0.16%
EHC	B	0.16%
TPR	A	0.16%
BWXT	A	0.16%
GNRC	D	0.16%
FRT	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%
OHI	C	0.16%
RBC	B	0.15%
OLED	D	0.15%
EXP	B	0.15%
DCI	C	0.15%
APG	F	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%
STLD	C	0.15%
EGP	C	0.15%
HAS	B	0.15%
HSIC	C	0.15%
SKX	C	0.15%
MOS	F	0.15%
CHDN	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%
FCN	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%
NYT	B	0.14%
FLR	D	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%
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%
AR	C	0.13%
SNX	C	0.13%
TPL	C	0.13%
MKSI	F	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%
WSC	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%
UFPI	C	0.12%
FYBR	C	0.12%
ARW	B	0.12%
MTZ	C	0.12%
EXEL	C	0.12%
ACHC	D	0.12%
GNTX	D	0.12%
LBRDK	C	0.12%
DVA	B	0.12%
BRBR	B	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%
SPSC	D	0.12%
GME	D	0.12%
NI	B	0.12%
PEN	D	0.12%
AAON	B	0.11%
MTSI	C	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%
ETSY	D	0.11%
EVRG	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%
TRNO	D	0.11%
SAIC	C	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%
ACI	F	0.11%
CRS	C	0.11%
PCTY	D	0.11%
MTH	C	0.11%
MSA	D	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%
VMI	C	0.1%
FSS	D	0.1%
AGCO	D	0.1%
SJM	C	0.1%
CBT	B	0.1%
ST	D	0.1%
ESI	C	0.1%
VNO	B	0.1%
RHP	C	0.1%
MASI	C	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%
AES	C	0.1%
CIVI	F	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%
LPX	B	0.1%
RL	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%
HXL	F	0.09%
GTLB	D	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%
IBP	C	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%
GAP	F	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%
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%
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%
APPF	C	0.08%
FUL	D	0.08%
IRT	C	0.08%
BCO	B	0.08%
ITRI	C	0.08%
ALKS	D	0.08%
RMBS	F	0.08%
GPI	B	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%
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%
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%
AEIS	D	0.07%
DNB	D	0.07%
BYD	C	0.07%
TPH	C	0.07%
APLS	F	0.07%
CNX	B	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%
NEU	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%
ACA	B	0.07%
KNF	C	0.07%
LW	D	0.07%
LANC	F	0.06%
SXT	B	0.06%
GVA	B	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%
NEOG	D	0.06%
NPO	C	0.06%
AXSM	C	0.06%
CHH	B	0.06%
LRN	B	0.06%
ATKR	F	0.06%
PAG	D	0.06%
HIW	C	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%
IIPR	B	0.06%
MAN	C	0.06%
AXNX	B	0.06%
HL	C	0.06%
EVH	D	0.06%
OTTR	F	0.06%
ACLS	F	0.06%
WDFC	C	0.06%
SIG	C	0.06%
CRC	C	0.06%
EPR	C	0.06%
SLAB	D	0.06%
TEX	F	0.06%
ABM	D	0.06%
NOG	F	0.06%
HUN	C	0.06%
AEO	D	0.06%
AMKR	F	0.06%
SANM	D	0.06%
ALE	A	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%
FORM	F	0.06%
WK	D	0.06%
POWI	F	0.06%
KFY	C	0.06%
IAC	C	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%
BL	D	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%
SGBX	F	0.05%
UNF	B	0.05%
JBT	C	0.05%
BROS	D	0.05%
CALM	B	0.05%
IOSP	F	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%
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%
DIOD	F	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%
ENV	C	0.05%
TNET	F	0.05%
CHWY	D	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%
EAT	C	0.05%
CWT	D	0.05%
AMED	D	0.05%
HCC	D	0.05%
AROC	D	0.05%
SYNA	D	0.05%
COTY	D	0.05%
TGTX	C	0.05%
KTOS	B	0.05%
NUVL	D	0.05%
NVCR	F	0.04%
IRTC	F	0.04%
NEO	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%
PRVA	F	0.04%
DBRG	D	0.04%
PHIN	C	0.04%
JWN	C	0.04%
PSMT	B	0.04%
INTA	C	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%
HHH	C	0.04%
IPAR	D	0.04%
LAUR	C	0.04%
KWR	D	0.04%
HIMS	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%
TGNA	C	0.04%
AZZ	C	0.04%
RPD	D	0.04%
ARCH	D	0.04%
ARCB	D	0.04%
KYMR	C	0.04%
URBN	F	0.04%
FIVN	F	0.04%
TWST	D	0.04%
CWEN	A	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%
BRZE	F	0.04%
SITM	B	0.04%
GHC	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%
ENOV	F	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%
PRFT	B	0.04%
AMR	D	0.04%
LSXMK	D	0.04%
SQSP	B	0.04%
MGRC	D	0.04%
DEI	B	0.04%
HEES	D	0.03%
SONO	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%
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%
SCL	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%
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%
MGNI	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%
EDR	A	0.03%
KAR	D	0.03%
SAM	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%
VIAV	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%
OI	D	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%
ACAD	F	0.03%
NTLA	F	0.03%
FTRE	F	0.03%
EQC	D	0.03%
CALX	C	0.03%
HAYW	C	0.03%
RCM	C	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%
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%
AMRC	B	0.02%
UNIT	C	0.02%
SNDR	B	0.02%
PLAY	D	0.02%
GIII	D	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%
XNCR	D	0.02%
WMK	D	0.02%
UTZ	C	0.02%
SABR	C	0.02%
AVNS	C	0.02%
CSR	D	0.02%
IAS	D	0.02%
FDP	C	0.02%
CARS	F	0.02%
HRMY	B	0.02%
CEIX	C	0.02%
OMI	D	0.02%
SCSC	D	0.02%
PYCR	D	0.02%
MXL	D	0.02%
NFE	F	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%
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%
INSW	C	0.02%
ZUO	F	0.02%
TDOC	D	0.02%
JELD	D	0.02%
WOLF	F	0.02%
DK	F	0.02%
AAT	C	0.02%
WS	D	0.02%
XRX	D	0.02%
AGL	F	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%
OXM	F	0.02%
ENVX	F	0.02%
BKD	D	0.02%
CAR	D	0.02%
PWSC	C	0.02%
INFN	B	0.02%
WRBY	C	0.02%
SDGR	F	0.02%
SBH	B	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%
RLJ	D	0.02%
ESRT	C	0.02%
AMC	F	0.02%
JAMF	D	0.02%
UA	C	0.02%
GBX	D	0.02%
NGVT	D	0.02%
ALEX	C	0.02%
XHR	B	0.02%
BHE	C	0.02%
CXW	F	0.02%
NTCT	C	0.02%
UAA	C	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%
SWBI	F	0.01%
LAZR	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
INN	B	0.01%
ANAB	D	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	C	0.01%
BIGC	F	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%
USNA	F	0.01%
ALX	B	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%
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%
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%
SMR	C	0.01%
CNDT	C	0.01%
GDRX	F	0.01%
UHAL	B	0.01%
CTKB	F	0.01%
LFST	C	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%
BJRI	D	0.01%
SMMT	D	0.01%
PTLO	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%
AMWD	C	0.01%
AXL	F	0.01%
HAIN	C	0.01%
PUMP	F	0.01%
USM	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%
VMEO	C	0.01%
MNRO	C	0.01%
ASTE	F	0.01%
PRLB	F	0.01%
HLF	F	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%
DNUT	F	0.01%
BDN	C	0.01%
RLAY	F	0.01%
CGON	C	0.01%
XMTR	D	0.01%
ALHC	C	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%
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%
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%
CRSR	D	0.0%
EE	A	0.0%

VB Underweight 172 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	C	-8.25%
JPM	D	-8.24%
V	C	-6.31%
MA	B	-5.7%
BAC	D	-3.8%
WFC	D	-2.59%
SPGI	C	-2.33%
GS	B	-2.16%
PGR	C	-2.07%
AXP	B	-2.07%
BLK	B	-1.83%
MS	B	-1.69%
MMC	C	-1.57%
CB	B	-1.55%
C	C	-1.54%
BX	C	-1.52%
SCHW	D	-1.33%
ICE	C	-1.28%
MCO	C	-1.1%
KKR	B	-1.09%
CME	B	-1.08%
PNC	C	-1.0%
PYPL	B	-0.97%
USB	C	-0.96%
AON	B	-0.94%
AJG	D	-0.9%
AFL	A	-0.83%
TFC	D	-0.78%
TRV	C	-0.77%
COF	B	-0.75%
BK	B	-0.72%
ALL	C	-0.7%
AIG	D	-0.68%
FIS	C	-0.66%
APO	B	-0.65%
MET	B	-0.65%
MSCI	C	-0.62%
AMP	B	-0.61%
PRU	C	-0.59%
ACGL	B	-0.59%
SQ	D	-0.51%
HIG	B	-0.48%
DFS	C	-0.46%
NDAQ	C	-0.44%
COIN	F	-0.42%
WTW	B	-0.41%
MTB	C	-0.4%
FITB	B	-0.4%
GPN	D	-0.39%
ARES	B	-0.38%
STT	B	-0.35%
RJF	C	-0.33%
TROW	C	-0.33%
CBOE	C	-0.31%
HBAN	B	-0.3%
CINF	C	-0.3%
CPAY	B	-0.29%
MKL	C	-0.28%
RF	B	-0.28%
CFG	D	-0.26%
SYF	C	-0.26%
PFG	B	-0.26%
WRB	D	-0.25%
NTRS	C	-0.25%
FDS	C	-0.24%
EG	B	-0.23%
L	D	-0.21%
FNF	B	-0.21%
KEY	C	-0.21%
LPLA	D	-0.21%
TW	B	-0.19%
IBKR	B	-0.18%
BEN	F	-0.08%
NMIH	C	-0.05%
RKT	C	-0.04%
BANC	C	-0.03%
EFSC	D	-0.03%
STC	C	-0.03%
DFIN	D	-0.03%
SBCF	D	-0.03%
ENVA	C	-0.03%
TBBK	C	-0.03%
SNEX	C	-0.03%
EFC	C	-0.02%
SRCE	D	-0.02%
PEBO	D	-0.02%
GABC	D	-0.02%
NIC	D	-0.02%
VBTX	C	-0.02%
QCRH	D	-0.02%
SKWD	B	-0.02%
TCBK	D	-0.02%
CUBI	F	-0.02%
RC	F	-0.02%
SASR	C	-0.02%
FBNC	C	-0.02%
SYBT	C	-0.02%
FRHC	C	-0.02%
LKFN	D	-0.02%
BUSE	D	-0.02%
CASH	D	-0.02%
FBK	C	-0.02%
AGM	D	-0.02%
PGC	D	-0.01%
HAFC	D	-0.01%
SPFI	C	-0.01%
HONE	D	-0.01%
CCBG	C	-0.01%
CTLP	D	-0.01%
NFBK	D	-0.01%
SMBC	C	-0.01%
MCB	C	-0.01%
GSBC	D	-0.01%
BHB	D	-0.01%
TIPT	C	-0.01%
CAC	C	-0.01%
EZPW	D	-0.01%
MSBI	D	-0.01%
GDOT	D	-0.01%
CCB	B	-0.01%
TRST	D	-0.01%
FSBC	C	-0.01%
WASH	C	-0.01%
THFF	D	-0.01%
IIIV	F	-0.01%
FMNB	D	-0.01%
EQBK	C	-0.01%
AMTB	F	-0.01%
IMXI	D	-0.01%
TREE	C	-0.01%
RBCAA	C	-0.01%
CPF	C	-0.01%
PFBC	D	-0.01%
CASS	D	-0.01%
AMAL	D	-0.01%
UVE	C	-0.01%
BFST	C	-0.01%
RPAY	F	-0.01%
HTBK	D	-0.01%
FCBC	D	-0.01%
OSBC	D	-0.01%
HFWA	D	-0.01%
BFC	D	-0.01%
MCBS	C	-0.01%
FMBH	D	-0.01%
BSIG	C	-0.01%
HBNC	D	-0.01%
BY	D	-0.01%
AMSF	C	-0.01%
CFB	D	-0.01%
MBWM	D	-0.01%
BHRB	D	-0.01%
FBMS	C	-0.01%
CTBI	D	-0.01%
DX	B	-0.01%
OBK	D	-0.01%
SBSI	D	-0.01%
DCOM	C	-0.01%
HCI	C	-0.01%
IBCP	D	-0.01%
CNOB	C	-0.01%
UVSP	C	-0.01%
PFC	D	-0.01%
MBIN	D	-0.01%
OCFC	B	-0.01%
AROW	D	-0.0%
RILY	F	-0.0%
GCBC	D	-0.0%
DHIL	C	-0.0%
DGICA	C	-0.0%
KRNY	D	-0.0%
HBT	D	-0.0%