VB vs. FNDA ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to Schwab Fundamental U.S. Small Company Index ETF (FNDA)

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

$216.48

Average Daily Volume

490,719

Number of Holdings ^*

1328

* may have additional holdings in another (foreign) market

FNDA

Schwab Fundamental U.S. Small Company Index ETF

FNDA Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$54.29

Average Daily Volume

273,739

Number of Holdings ^*

1004

* may have additional holdings in another (foreign) market

Performance

Period	VB	FNDA
30 Days	-1.55%	-2.40%
60 Days	-2.01%	-2.22%
90 Days	-2.79%	-2.06%
12 Months	12.68%	11.30%

735 Overlapping Holdings

Symbol	Grade	Weight in VB	Weight in FNDA	Overlap
AAL	F	0.13%	0.06%	0.06%
AAON	B	0.09%	0.06%	0.06%
AAT	B	0.02%	0.06%	0.02%
ABCB	C	0.06%	0.11%	0.06%
ABR	B	0.04%	0.09%	0.04%
ACA	D	0.08%	0.16%	0.08%
ACCO	F	0.0%	0.06%	0.0%
ACHC	F	0.11%	0.18%	0.11%
ACIW	A	0.07%	0.15%	0.07%
ACLS	B	0.07%	0.06%	0.06%
ADC	B	0.11%	0.06%	0.06%
ADTN	D	0.05%	0.2%	0.05%
AEIS	C	0.07%	0.11%	0.07%
AEO	F	0.07%	0.06%	0.06%
AGL	D	0.03%	0.03%	0.03%
AGNC	A	0.12%	0.23%	0.12%
AGO	D	0.08%	0.23%	0.08%
AHCO	D	0.01%	0.04%	0.01%
AIN	D	0.05%	0.1%	0.05%
AIR	B	0.04%	0.14%	0.04%
AIRC	A	0.09%	0.2%	0.09%
AIT	C	0.13%	0.22%	0.13%
AKR	A	0.03%	0.07%	0.03%
ALE	C	0.06%	0.18%	0.06%
ALEX	B	0.02%	0.09%	0.02%
ALGM	C	0.04%	0.01%	0.01%
ALGT	F	0.01%	0.02%	0.01%
ALIT	F	0.05%	0.05%	0.05%
ALK	F	0.09%	0.06%	0.06%
ALKS	C	0.07%	0.03%	0.03%
ALRM	C	0.06%	0.04%	0.04%
AM	B	0.09%	0.1%	0.09%
AMBC	F	0.01%	0.03%	0.01%
AMC	C	0.02%	0.03%	0.02%
AMCX	F	0.01%	0.09%	0.01%
AMED	A	0.05%	0.13%	0.05%
AMH	A	0.2%	0.19%	0.19%
AMKR	B	0.07%	0.27%	0.07%
AMN	F	0.04%	0.15%	0.04%
AMR	D	0.06%	0.15%	0.06%
AMRC	F	0.02%	0.01%	0.01%
AMWD	F	0.01%	0.12%	0.01%
ANDE	D	0.03%	0.07%	0.03%
ANF	C	0.15%	0.57%	0.15%
APAM	D	0.05%	0.14%	0.05%
APG	C	0.14%	0.16%	0.14%
APLE	D	0.06%	0.16%	0.06%
APOG	D	0.03%	0.12%	0.03%
APP	B	0.19%	0.11%	0.11%
ARCB	D	0.04%	0.18%	0.04%
ARI	D	0.03%	0.09%	0.03%
AROC	B	0.06%	0.14%	0.06%
ASB	D	0.05%	0.18%	0.05%
ASH	D	0.08%	0.22%	0.08%
ASTE	F	0.01%	0.05%	0.01%
ASTH	C	0.03%	0.02%	0.02%
ATGE	A	0.04%	0.18%	0.04%
ATI	C	0.14%	0.09%	0.09%
ATKR	F	0.1%	0.16%	0.1%
ATSG	C	0.01%	0.06%	0.01%
AUB	C	0.05%	0.04%	0.04%
AVA	D	0.05%	0.16%	0.05%
AVNS	F	0.02%	0.03%	0.02%
AVNT	D	0.07%	0.21%	0.07%
AWI	D	0.09%	0.2%	0.09%
AWR	D	0.05%	0.06%	0.05%
AX	B	0.05%	0.09%	0.05%
AXL	F	0.02%	0.1%	0.02%
AXS	C	0.1%	0.16%	0.1%
AZEK	D	0.12%	0.08%	0.08%
AZTA	D	0.05%	0.06%	0.05%
AZZ	D	0.04%	0.12%	0.04%
B	B	0.03%	0.16%	0.03%
BANF	D	0.03%	0.03%	0.03%
BANR	C	0.03%	0.09%	0.03%
BCO	B	0.08%	0.18%	0.08%
BCPC	A	0.09%	0.09%	0.09%
BDC	C	0.07%	0.14%	0.07%
BDN	D	0.01%	0.1%	0.01%
BFAM	C	0.11%	0.13%	0.11%
BGC	C	0.06%	0.11%	0.06%
BGS	F	0.01%	0.07%	0.01%
BHE	D	0.03%	0.21%	0.03%
BHLB	C	0.02%	0.01%	0.01%
BIO	D	0.1%	0.15%	0.1%
BJRI	B	0.01%	0.04%	0.01%
BKD	C	0.02%	0.09%	0.02%
BKE	D	0.02%	0.08%	0.02%
BKH	D	0.07%	0.22%	0.07%
BKU	C	0.04%	0.24%	0.04%
BLD	D	0.24%	0.06%	0.06%
BLKB	D	0.07%	0.06%	0.06%
BLMN	F	0.03%	0.09%	0.03%
BMBL	F	0.02%	0.02%	0.02%
BMI	C	0.1%	0.06%	0.06%
BNL	B	0.05%	0.05%	0.05%
BOH	F	0.04%	0.12%	0.04%
BOKF	D	0.04%	0.1%	0.04%
BOOT	B	0.03%	0.11%	0.03%
BRBR	B	0.14%	0.04%	0.04%
BRC	B	0.05%	0.04%	0.04%
BRKL	D	0.01%	0.03%	0.01%
BRKR	F	0.12%	0.12%	0.12%
BRSP	D	0.01%	0.03%	0.01%
BV	C	0.01%	0.08%	0.01%
BWXT	B	0.15%	0.22%	0.15%
BXMT	C	0.05%	0.14%	0.05%
BYD	C	0.06%	0.16%	0.06%
CABO	F	0.03%	0.11%	0.03%
CACC	B	0.04%	0.09%	0.04%
CACC	B	0.05%	0.18%	0.05%
CACC	B	0.04%	0.18%	0.04%
CACC	B	0.05%	0.09%	0.05%
CADE	D	0.09%	0.18%	0.09%
CAKE	C	0.03%	0.07%	0.03%
CAL	F	0.01%	0.07%	0.01%
CALM	B	0.04%	0.15%	0.04%
CALX	C	0.04%	0.02%	0.02%
CARG	C	0.04%	0.06%	0.04%
CARS	C	0.02%	0.04%	0.02%
CATY	D	0.05%	0.13%	0.05%
CBRL	F	0.02%	0.11%	0.02%
CBSH	C	0.12%	0.18%	0.12%
CBT	D	0.1%	0.21%	0.1%
CBU	B	0.04%	0.09%	0.04%
CBZ	D	0.03%	0.09%	0.03%
CCO	C	0.01%	0.07%	0.01%
CCOI	D	0.05%	0.06%	0.05%
CDE	A	0.04%	0.08%	0.04%
CEIX	B	0.02%	0.13%	0.02%
CENT	F	0.01%	0.01%	0.01%
CENTA	D	0.03%	0.09%	0.03%
CFFN	C	0.01%	0.04%	0.01%
CFR	D	0.1%	0.17%	0.1%
CGNX	B	0.14%	0.17%	0.14%
CHCO	C	0.03%	0.04%	0.03%
CHDN	B	0.15%	0.17%	0.15%
CHE	D	0.15%	0.06%	0.06%
CHGG	F	0.01%	0.0%	0.0%
CHH	B	0.06%	0.07%	0.06%
CHRD	C	0.13%	0.13%	0.13%
CHX	C	0.11%	0.12%	0.11%
CIVI	D	0.13%	0.11%	0.11%
CLB	B	0.02%	0.03%	0.02%
CLH	B	0.19%	0.27%	0.19%
CMP	F	0.01%	0.03%	0.01%
CMPR	B	0.02%	0.07%	0.02%
CMTG	D	0.02%	0.03%	0.02%
CNDT	D	0.01%	0.07%	0.01%
CNK	A	0.03%	0.12%	0.03%
CNM	D	0.19%	0.12%	0.12%
CNMD	D	0.04%	0.05%	0.04%
CNNE	D	0.02%	0.04%	0.02%
CNS	B	0.03%	0.06%	0.03%
CNX	C	0.07%	0.07%	0.07%
CNXC	C	0.06%	0.12%	0.06%
CODI	D	0.02%	0.08%	0.02%
COKE	B	0.09%	0.13%	0.09%
COLB	D	0.07%	0.15%	0.07%
COLD	C	0.13%	0.19%	0.13%
COLM	D	0.05%	0.18%	0.05%
COMP	C	0.03%	0.05%	0.03%
COOP	D	0.09%	0.2%	0.09%
CORT	C	0.04%	0.07%	0.04%
COTY	F	0.07%	0.08%	0.07%
CR	C	0.13%	0.2%	0.13%
CRC	C	0.06%	0.17%	0.06%
CRGY	B	0.02%	0.02%	0.02%
CRK	D	0.02%	0.05%	0.02%
CRL	F	0.19%	0.06%	0.06%
CRNC	F	0.0%	0.0%	0.0%
CROX	C	0.16%	0.24%	0.16%
CRS	B	0.09%	0.2%	0.09%
CRUS	A	0.11%	0.31%	0.11%
CRVL	B	0.04%	0.01%	0.01%
CSGS	F	0.02%	0.07%	0.02%
CSR	B	0.02%	0.03%	0.02%
CSWI	A	0.04%	0.06%	0.04%
CTRE	A	0.06%	0.02%	0.02%
CUBE	B	0.17%	0.18%	0.17%
CUZ	D	0.06%	0.16%	0.06%
CVBF	C	0.04%	0.09%	0.04%
CVCO	D	0.03%	0.12%	0.03%
CVI	F	0.02%	0.08%	0.02%
CVLT	B	0.08%	0.13%	0.08%
CWEN	D	0.02%	0.09%	0.02%
CWEN	D	0.04%	0.09%	0.04%
CWH	F	0.01%	0.04%	0.01%
CWK	C	0.04%	0.17%	0.04%
CWST	B	0.1%	0.06%	0.06%
CWT	C	0.05%	0.08%	0.05%
CXW	D	0.03%	0.18%	0.03%
DAY	F	0.13%	0.02%	0.02%
DBI	F	0.01%	0.04%	0.01%
DBRG	F	0.04%	0.22%	0.04%
DBX	D	0.1%	0.06%	0.06%
DDS	D	0.02%	0.13%	0.02%
DEI	D	0.04%	0.18%	0.04%
DIN	F	0.01%	0.02%	0.01%
DIOD	C	0.06%	0.14%	0.06%
DLB	D	0.09%	0.14%	0.09%
DLX	D	0.02%	0.12%	0.02%
DNB	F	0.05%	0.1%	0.05%
DNOW	D	0.03%	0.16%	0.03%
DNUT	F	0.02%	0.01%	0.01%
DORM	C	0.04%	0.1%	0.04%
DRH	D	0.03%	0.12%	0.03%
DRQ	F	0.01%	0.03%	0.01%
DT	F	0.23%	0.02%	0.02%
DTM	B	0.12%	0.19%	0.12%
DY	B	0.09%	0.28%	0.09%
EAF	F	0.0%	0.05%	0.0%
EAT	C	0.06%	0.15%	0.06%
EBC	B	0.04%	0.05%	0.04%
ECPG	D	0.02%	0.11%	0.02%
ECVT	D	0.02%	0.05%	0.02%
EDR	A	0.03%	0.01%	0.01%
EEFT	D	0.09%	0.19%	0.09%
EGBN	F	0.01%	0.04%	0.01%
EGP	B	0.14%	0.09%	0.09%
EIG	C	0.02%	0.08%	0.02%
ELAN	D	0.16%	0.22%	0.16%
ELS	C	0.19%	0.21%	0.19%
EMBC	F	0.01%	0.08%	0.01%
ENOV	F	0.04%	0.1%	0.04%
ENR	C	0.04%	0.09%	0.04%
ENS	C	0.08%	0.22%	0.08%
ENSG	B	0.12%	0.13%	0.12%
ENTG	B	0.34%	0.23%	0.23%
ENV	C	0.06%	0.07%	0.06%
EPAC	B	0.04%	0.05%	0.04%
EPC	B	0.03%	0.13%	0.03%
EPR	C	0.05%	0.14%	0.05%
EPRT	A	0.08%	0.05%	0.05%
ERIE	C	0.16%	0.03%	0.03%
ESAB	D	0.1%	0.14%	0.1%
ESE	D	0.05%	0.07%	0.05%
ESGR	A	0.07%	0.09%	0.07%
ESI	B	0.1%	0.23%	0.1%
ESNT	C	0.1%	0.17%	0.1%
ESRT	C	0.02%	0.09%	0.02%
ETRN	D	0.1%	0.06%	0.06%
ETSY	F	0.13%	0.13%	0.13%
EVH	F	0.04%	0.0%	0.0%
EVTC	F	0.04%	0.04%	0.04%
EXAS	D	0.15%	0.03%	0.03%
EXEL	C	0.11%	0.14%	0.11%
EXLS	B	0.08%	0.1%	0.08%
EXPI	F	0.02%	0.05%	0.02%
EXPO	C	0.09%	0.07%	0.07%
EYE	F	0.02%	0.07%	0.02%
FBP	B	0.05%	0.08%	0.05%
FCF	B	0.02%	0.06%	0.02%
FCN	D	0.14%	0.23%	0.14%
FDP	F	0.02%	0.16%	0.02%
FELE	D	0.07%	0.12%	0.07%
FFBC	D	0.04%	0.1%	0.04%
FFIN	D	0.07%	0.07%	0.07%
FHB	C	0.05%	0.17%	0.05%
FHI	C	0.05%	0.05%	0.05%
FIBK	B	0.04%	0.1%	0.04%
FIVE	F	0.13%	0.09%	0.09%
FIX	D	0.21%	0.21%	0.21%
FIZZ	B	0.02%	0.03%	0.02%
FLS	D	0.12%	0.27%	0.12%
FN	C	0.15%	0.18%	0.15%
FNB	C	0.09%	0.2%	0.09%
FND	F	0.21%	0.13%	0.13%
FORM	A	0.08%	0.1%	0.08%
FOXF	C	0.04%	0.06%	0.04%
FR	C	0.11%	0.1%	0.1%
FRME	D	0.03%	0.08%	0.03%
FRT	C	0.15%	0.22%	0.15%
FSS	D	0.1%	0.12%	0.1%
FTDR	D	0.05%	0.06%	0.05%
FTI	B	0.19%	0.07%	0.07%
FUL	D	0.08%	0.19%	0.08%
FULT	D	0.05%	0.13%	0.05%
FWRD	D	0.01%	0.07%	0.01%
GATX	B	0.09%	0.22%	0.09%
GBCI	D	0.07%	0.13%	0.07%
GBX	D	0.03%	0.18%	0.03%
GEF	F	0.03%	0.14%	0.03%
GEF	F	0.0%	0.14%	0.0%
GEO	B	0.03%	0.25%	0.03%
GES	D	0.01%	0.07%	0.01%
GFF	D	0.05%	0.1%	0.05%
GHC	D	0.05%	0.2%	0.05%
GIII	F	0.02%	0.18%	0.02%
GME	C	0.11%	0.33%	0.11%
GMED	B	0.14%	0.16%	0.14%
GMS	D	0.07%	0.18%	0.07%
GNL	C	0.03%	0.08%	0.03%
GO	D	0.03%	0.1%	0.03%
GOLF	C	0.03%	0.08%	0.03%
GPRO	F	0.0%	0.01%	0.0%
GTES	D	0.06%	0.13%	0.06%
GTLS	D	0.12%	0.02%	0.02%
GTY	D	0.02%	0.02%	0.02%
GVA	B	0.05%	0.19%	0.05%
GWRE	A	0.17%	0.06%	0.06%
H	C	0.11%	0.15%	0.11%
HAE	C	0.08%	0.1%	0.08%
HAIN	D	0.01%	0.07%	0.01%
HALO	B	0.1%	0.07%	0.07%
HASI	D	0.07%	0.03%	0.03%
HAYW	F	0.04%	0.03%	0.03%
HCC	C	0.06%	0.3%	0.06%
HCSG	D	0.01%	0.09%	0.01%
HE	F	0.02%	0.14%	0.02%
HEES	F	0.03%	0.09%	0.03%
HELE	F	0.05%	0.15%	0.05%
HGV	D	0.06%	0.1%	0.06%
HI	F	0.06%	0.13%	0.06%
HIW	C	0.05%	0.2%	0.05%
HL	C	0.06%	0.08%	0.06%
HLF	C	0.02%	0.16%	0.02%
HLI	A	0.13%	0.16%	0.13%
HLIO	D	0.03%	0.03%	0.03%
HLNE	B	0.09%	0.01%	0.01%
HLX	B	0.01%	0.08%	0.01%
HMN	D	0.02%	0.06%	0.02%
HNI	C	0.04%	0.17%	0.04%
HOMB	D	0.08%	0.06%	0.06%
HOPE	C	0.02%	0.1%	0.02%
HP	D	0.06%	0.22%	0.06%
HPP	D	0.01%	0.13%	0.01%
HQY	B	0.12%	0.06%	0.06%
HRB	B	0.12%	0.07%	0.07%
HRI	F	0.07%	0.17%	0.07%
HTH	D	0.02%	0.11%	0.02%
HTLD	C	0.01%	0.05%	0.01%
HTLF	B	0.01%	0.08%	0.01%
HURN	C	0.03%	0.05%	0.03%
HWC	C	0.07%	0.18%	0.07%
HXL	D	0.1%	0.19%	0.1%
HY	D	0.01%	0.01%	0.01%
IAC	F	0.06%	0.12%	0.06%
IART	C	0.04%	0.07%	0.04%
IBOC	C	0.06%	0.1%	0.06%
IBP	D	0.09%	0.1%	0.09%
IBTX	B	0.03%	0.07%	0.03%
ICUI	B	0.04%	0.11%	0.04%
IDA	D	0.09%	0.19%	0.09%
IDCC	A	0.05%	0.1%	0.05%
IIPR	B	0.05%	0.01%	0.01%
INDB	D	0.04%	0.07%	0.04%
INSW	C	0.03%	0.05%	0.03%
INVA	B	0.02%	0.05%	0.02%
IOSP	D	0.06%	0.13%	0.06%
IPAR	F	0.04%	0.03%	0.03%
IPGP	D	0.04%	0.13%	0.04%
IRBT	F	0.0%	0.03%	0.0%
IRDM	D	0.06%	0.07%	0.06%
IRT	B	0.07%	0.07%	0.07%
IRWD	F	0.01%	0.01%	0.01%
ITGR	C	0.07%	0.12%	0.07%
ITRI	C	0.09%	0.13%	0.09%
IVT	C	0.03%	0.03%	0.03%
JACK	F	0.02%	0.11%	0.02%
JAZZ	F	0.11%	0.07%	0.07%
JBGS	B	0.02%	0.13%	0.02%
JBLU	C	0.03%	0.12%	0.03%
JBT	F	0.05%	0.1%	0.05%
JELD	F	0.02%	0.16%	0.02%
JJSF	B	0.03%	0.08%	0.03%
JWN	B	0.04%	0.07%	0.04%
KAI	B	0.03%	0.07%	0.03%
KALU	D	0.03%	0.13%	0.03%
KAR	C	0.03%	0.14%	0.03%
KELYA	D	0.01%	0.15%	0.01%
KEX	B	0.13%	0.21%	0.13%
KFRC	D	0.02%	0.09%	0.02%
KFY	B	0.06%	0.21%	0.06%
KMPR	C	0.06%	0.28%	0.06%
KMT	F	0.04%	0.16%	0.04%
KN	D	0.03%	0.08%	0.03%
KNF	C	0.07%	0.16%	0.07%
KNSL	F	0.15%	0.02%	0.02%
KOP	F	0.02%	0.07%	0.02%
KRC	F	0.07%	0.19%	0.07%
KREF	D	0.01%	0.03%	0.01%
KRG	B	0.09%	0.09%	0.09%
KRNY	C	0.0%	0.02%	0.0%
KTB	D	0.07%	0.13%	0.07%
KTOS	B	0.06%	0.05%	0.05%
KW	C	0.02%	0.08%	0.02%
KWR	F	0.04%	0.06%	0.04%
LADR	A	0.02%	0.08%	0.02%
LANC	B	0.06%	0.11%	0.06%
LAUR	C	0.04%	0.14%	0.04%
LBRDK	C	0.06%	0.05%	0.05%
LBRT	D	0.07%	0.15%	0.07%
LCII	F	0.05%	0.17%	0.05%
LESL	F	0.02%	0.01%	0.01%
LEVI	D	0.04%	0.02%	0.02%
LFUS	C	0.11%	0.18%	0.11%
LGF.A	D	0.01%	0.09%	0.01%
LGF.A	D	0.02%	0.09%	0.02%
LGIH	F	0.03%	0.13%	0.03%
LGND	B	0.03%	0.01%	0.01%
LITE	B	0.05%	0.15%	0.05%
LNN	D	0.02%	0.04%	0.02%
LNW	B	0.15%	0.22%	0.15%
LOPE	C	0.08%	0.21%	0.08%
LRN	D	0.05%	0.1%	0.05%
LSCC	D	0.18%	0.04%	0.04%
LTC	A	0.03%	0.04%	0.03%
LXP	B	0.04%	0.09%	0.04%
LYFT	F	0.09%	0.06%	0.06%
LZB	C	0.03%	0.15%	0.03%
MAC	D	0.06%	0.26%	0.06%
MANH	B	0.24%	0.11%	0.11%
MASI	F	0.11%	0.14%	0.11%
MAT	F	0.11%	0.17%	0.11%
MATV	D	0.02%	0.07%	0.02%
MATW	F	0.01%	0.04%	0.01%
MATX	B	0.08%	0.06%	0.06%
MC	A	0.07%	0.16%	0.07%
MCY	C	0.03%	0.13%	0.03%
MD	F	0.01%	0.06%	0.01%
MED	F	0.0%	0.02%	0.0%
MEDP	C	0.17%	0.09%	0.09%
MEI	F	0.01%	0.02%	0.01%
MGEE	D	0.05%	0.08%	0.05%
MGRC	D	0.05%	0.08%	0.05%
MGY	B	0.08%	0.08%	0.08%
MKTX	C	0.13%	0.11%	0.11%
MLKN	D	0.04%	0.18%	0.04%
MMI	D	0.01%	0.05%	0.01%
MMS	B	0.09%	0.07%	0.07%
MMSI	B	0.08%	0.08%	0.08%
MNRO	F	0.01%	0.04%	0.01%
MOD	B	0.04%	0.16%	0.04%
MODG	D	0.04%	0.09%	0.04%
MOG.A	C	0.09%	0.2%	0.09%
MORN	B	0.13%	0.11%	0.11%
MP	D	0.04%	0.01%	0.01%
MRC	D	0.02%	0.08%	0.02%
MRCY	D	0.03%	0.05%	0.03%
MSA	C	0.12%	0.11%	0.11%
MSM	F	0.07%	0.06%	0.06%
MTCH	F	0.15%	0.15%	0.15%
MTDR	D	0.12%	0.17%	0.12%
MTRN	F	0.04%	0.07%	0.04%
MTX	C	0.05%	0.17%	0.05%
MWA	C	0.05%	0.1%	0.05%
MXL	B	0.02%	0.02%	0.02%
MYGN	B	0.03%	0.05%	0.03%
NBHC	B	0.02%	0.01%	0.01%
NBIX	C	0.24%	0.07%	0.07%
NBTB	B	0.03%	0.06%	0.03%
NEOG	C	0.05%	0.05%	0.05%
NEU	D	0.07%	0.14%	0.07%
NGVT	F	0.03%	0.11%	0.03%
NHC	A	0.02%	0.1%	0.02%
NHI	A	0.05%	0.09%	0.05%
NJR	D	0.08%	0.17%	0.08%
NMRK	C	0.02%	0.1%	0.02%
NNI	C	0.02%	0.06%	0.02%
NNN	B	0.14%	0.17%	0.14%
NOG	C	0.07%	0.03%	0.03%
NOVT	C	0.1%	0.05%	0.05%
NPK	D	0.01%	0.03%	0.01%
NPO	D	0.06%	0.09%	0.06%
NSA	B	0.05%	0.07%	0.05%
NSP	F	0.06%	0.09%	0.06%
NTCT	D	0.02%	0.09%	0.02%
NUS	F	0.01%	0.08%	0.01%
NVRI	C	0.01%	0.07%	0.01%
NVST	F	0.06%	0.14%	0.06%
NWBI	C	0.02%	0.07%	0.02%
NWE	D	0.06%	0.16%	0.06%
NWN	F	0.02%	0.08%	0.02%
NX	F	0.02%	0.07%	0.02%
NYT	A	0.14%	0.19%	0.14%
OFG	B	0.03%	0.05%	0.03%
OGS	C	0.06%	0.17%	0.06%
OHI	B	0.14%	0.25%	0.14%
OII	B	0.04%	0.08%	0.04%
OLED	A	0.14%	0.09%	0.09%
OLLI	B	0.09%	0.19%	0.09%
OMCL	F	0.03%	0.04%	0.03%
OMI	F	0.02%	0.16%	0.02%
ONB	B	0.09%	0.14%	0.09%
ONTO	B	0.19%	0.1%	0.1%
OPCH	F	0.09%	0.1%	0.09%
OPEN	F	0.02%	0.06%	0.02%
OPK	D	0.01%	0.03%	0.01%
ORA	C	0.07%	0.1%	0.07%
OSIS	C	0.04%	0.09%	0.04%
OTTR	D	0.07%	0.11%	0.07%
OUT	C	0.04%	0.14%	0.04%
OXM	D	0.03%	0.08%	0.03%
OZK	D	0.08%	0.18%	0.08%
PAYC	F	0.06%	0.06%	0.06%
PB	D	0.1%	0.19%	0.1%
PBH	C	0.06%	0.11%	0.06%
PBI	A	0.02%	0.1%	0.02%
PCH	F	0.06%	0.16%	0.06%
PCRX	F	0.02%	0.01%	0.01%
PDCO	F	0.04%	0.19%	0.04%
PDM	B	0.02%	0.11%	0.02%
PEB	D	0.03%	0.08%	0.03%
PECO	C	0.07%	0.1%	0.07%
PEGA	D	0.04%	0.03%	0.03%
PEN	D	0.12%	0.03%	0.03%
PFS	D	0.03%	0.08%	0.03%
PFSI	B	0.04%	0.17%	0.04%
PGRE	C	0.01%	0.09%	0.01%
PHIN	D	0.04%	0.14%	0.04%
PINC	F	0.04%	0.17%	0.04%
PIPR	A	0.06%	0.14%	0.06%
PJT	A	0.04%	0.05%	0.04%
PLAY	F	0.03%	0.06%	0.03%
PLNT	B	0.1%	0.11%	0.1%
PLXS	D	0.05%	0.19%	0.05%
PMT	C	0.02%	0.09%	0.02%
PNFP	D	0.1%	0.17%	0.1%
PNM	D	0.06%	0.17%	0.06%
PODD	C	0.11%	0.04%	0.04%
POWI	D	0.08%	0.09%	0.08%
PPBI	F	0.04%	0.09%	0.04%
PPC	B	0.02%	0.13%	0.02%
PR	C	0.16%	0.07%	0.07%
PRA	F	0.01%	0.05%	0.01%
PRAA	F	0.01%	0.06%	0.01%
PRFT	B	0.05%	0.05%	0.05%
PRG	D	0.03%	0.21%	0.03%
PRGS	B	0.04%	0.05%	0.04%
PRIM	D	0.05%	0.04%	0.04%
PRK	B	0.04%	0.07%	0.04%
PRLB	D	0.01%	0.04%	0.01%
PRVA	D	0.03%	0.02%	0.02%
PSMT	D	0.04%	0.17%	0.04%
PSN	C	0.06%	0.1%	0.06%
PSTG	B	0.32%	0.07%	0.07%
PTC	B	0.36%	0.12%	0.12%
PTEN	F	0.08%	0.19%	0.08%
PTON	F	0.02%	0.03%	0.02%
PTVE	F	0.01%	0.07%	0.01%
PUMP	F	0.02%	0.07%	0.02%
PZZA	F	0.03%	0.03%	0.03%
QLYS	D	0.09%	0.06%	0.06%
RAMP	C	0.03%	0.09%	0.03%
RBC	C	0.15%	0.08%	0.08%
RDN	B	0.09%	0.25%	0.09%
RDUS	F	0.01%	0.05%	0.01%
RES	F	0.01%	0.04%	0.01%
REVG	D	0.02%	0.08%	0.02%
REXR	C	0.17%	0.08%	0.08%
REYN	D	0.03%	0.07%	0.03%
RGEN	F	0.14%	0.03%	0.03%
RGLD	B	0.15%	0.13%	0.13%
RGR	F	0.01%	0.05%	0.01%
RH	D	0.07%	0.12%	0.07%
RHP	D	0.11%	0.09%	0.09%
RIG	F	0.08%	0.14%	0.08%
RLI	D	0.11%	0.1%	0.1%
RLJ	F	0.03%	0.13%	0.03%
RMBS	B	0.11%	0.02%	0.02%
RNG	F	0.05%	0.07%	0.05%
RNR	D	0.21%	0.19%	0.19%
RNST	B	0.03%	0.02%	0.02%
ROCK	D	0.02%	0.09%	0.02%
ROG	D	0.04%	0.08%	0.04%
ROIC	C	0.03%	0.06%	0.03%
ROKU	C	0.13%	0.07%	0.07%
RRC	D	0.15%	0.13%	0.13%
RRR	B	0.05%	0.09%	0.05%
RUN	F	0.05%	0.02%	0.02%
RWT	B	0.01%	0.04%	0.01%
RXO	B	0.04%	0.23%	0.04%
RYN	D	0.08%	0.14%	0.08%
SABR	D	0.02%	0.06%	0.02%
SAFT	D	0.02%	0.08%	0.02%
SAH	D	0.01%	0.14%	0.01%
SAIA	C	0.19%	0.21%	0.19%
SAM	C	0.04%	0.1%	0.04%
SATS	B	0.04%	0.45%	0.04%
SBH	D	0.02%	0.16%	0.02%
SBRA	A	0.06%	0.17%	0.06%
SCHL	D	0.01%	0.09%	0.01%
SCL	D	0.03%	0.14%	0.03%
SCS	C	0.02%	0.17%	0.02%
SCSC	D	0.02%	0.14%	0.02%
SEB	F	0.01%	0.04%	0.01%
SEM	A	0.06%	0.24%	0.06%
SF	B	0.14%	0.24%	0.14%
SFBS	C	0.05%	0.01%	0.01%
SFNC	D	0.04%	0.12%	0.04%
SGRY	F	0.04%	0.02%	0.02%
SHEN	C	0.02%	0.04%	0.02%
SHO	C	0.04%	0.11%	0.04%
SHOO	C	0.06%	0.19%	0.06%
SIG	D	0.08%	0.22%	0.08%
SIGI	F	0.11%	0.15%	0.11%
SITC	B	0.05%	0.12%	0.05%
SITE	F	0.12%	0.13%	0.12%
SIX	B	0.03%	0.18%	0.03%
SKT	D	0.05%	0.09%	0.05%
SKY	F	0.06%	0.11%	0.06%
SKYW	B	0.05%	0.16%	0.05%
SLAB	D	0.07%	0.15%	0.07%
SLG	B	0.06%	0.07%	0.06%
SLGN	D	0.07%	0.09%	0.07%
SMG	D	0.05%	0.21%	0.05%
SMPL	D	0.06%	0.05%	0.05%
SMTC	C	0.04%	0.1%	0.04%
SNDR	B	0.02%	0.12%	0.02%
SONO	F	0.03%	0.06%	0.03%
SPB	D	0.05%	0.23%	0.05%
SPR	B	0.06%	0.24%	0.06%
SPSC	B	0.12%	0.04%	0.04%
SR	C	0.06%	0.19%	0.06%
SRCL	B	0.01%	0.2%	0.01%
SRCL	B	0.08%	0.2%	0.08%
SSB	D	0.1%	0.04%	0.04%
SSD	F	0.13%	0.17%	0.13%
SSP	F	0.0%	0.02%	0.0%
SSTK	F	0.02%	0.04%	0.02%
STAG	B	0.11%	0.11%	0.11%
STBA	B	0.02%	0.06%	0.02%
STEP	B	0.04%	0.04%	0.04%
STRA	C	0.04%	0.11%	0.04%
SUM	D	0.08%	0.15%	0.08%
SUPN	F	0.03%	0.04%	0.03%
SVC	F	0.02%	0.16%	0.02%
SWBI	D	0.01%	0.07%	0.01%
SWX	D	0.09%	0.28%	0.09%
SXI	D	0.04%	0.06%	0.04%
SXT	C	0.06%	0.15%	0.06%
SYNA	F	0.07%	0.1%	0.07%
TCBI	C	0.05%	0.11%	0.05%
TDC	C	0.06%	0.15%	0.06%
TDOC	F	0.03%	0.05%	0.03%
TECH	D	0.22%	0.11%	0.11%
TEX	D	0.07%	0.19%	0.07%
THR	D	0.02%	0.01%	0.01%
THRM	F	0.03%	0.09%	0.03%
THS	C	0.03%	0.15%	0.03%
TILE	D	0.01%	0.07%	0.01%
TMP	C	0.01%	0.02%	0.01%
TNC	D	0.03%	0.07%	0.03%
TNET	F	0.05%	0.12%	0.05%
TNL	D	0.05%	0.07%	0.05%
TOST	B	0.17%	0.03%	0.03%
TOWN	B	0.03%	0.07%	0.03%
TPG	D	0.06%	0.12%	0.06%
TPL	B	0.1%	0.11%	0.1%
TREX	F	0.17%	0.13%	0.13%
TRIP	F	0.03%	0.08%	0.03%
TRMK	C	0.03%	0.1%	0.03%
TRN	D	0.05%	0.19%	0.05%
TRNO	B	0.09%	0.05%	0.05%
TROX	D	0.04%	0.18%	0.04%
TRS	D	0.02%	0.06%	0.02%
TRTX	B	0.0%	0.05%	0.0%
TTEC	F	0.0%	0.01%	0.0%
TTEK	D	0.2%	0.24%	0.2%
TTMI	B	0.03%	0.21%	0.03%
TWLO	D	0.09%	0.11%	0.09%
TXRH	B	0.21%	0.29%	0.21%
UAA	F	0.02%	0.18%	0.02%
UBSI	D	0.08%	0.16%	0.08%
UCBI	D	0.05%	0.08%	0.05%
UE	B	0.04%	0.09%	0.04%
UFCS	D	0.01%	0.03%	0.01%
UMBF	C	0.06%	0.13%	0.06%
UNF	B	0.04%	0.16%	0.04%
UNIT	D	0.01%	0.11%	0.01%
URBN	C	0.05%	0.22%	0.05%
USM	B	0.01%	0.02%	0.01%
USNA	F	0.01%	0.05%	0.01%
UTHR	B	0.23%	0.3%	0.23%
UVV	D	0.02%	0.15%	0.02%
VC	D	0.05%	0.11%	0.05%
VCTR	D	0.02%	0.02%	0.02%
VGR	C	0.03%	0.08%	0.03%
VIAV	D	0.03%	0.07%	0.03%
VIR	F	0.02%	0.02%	0.02%
VIRT	C	0.03%	0.17%	0.03%
VLY	F	0.05%	0.14%	0.05%
VMI	C	0.09%	0.22%	0.09%
VNT	D	0.11%	0.17%	0.11%
VREX	F	0.01%	0.02%	0.01%
VRNT	C	0.03%	0.05%	0.03%
VRRM	B	0.07%	0.06%	0.06%
VRT	C	0.32%	0.2%	0.2%
VRTS	D	0.03%	0.02%	0.02%
VSAT	F	0.03%	0.09%	0.03%
VSCO	D	0.03%	0.15%	0.03%
VSH	D	0.05%	0.07%	0.05%
VSTO	B	0.02%	0.14%	0.02%
VSTS	F	0.03%	0.13%	0.03%
VVV	B	0.09%	0.18%	0.09%
W	D	0.1%	0.06%	0.06%
WABC	D	0.02%	0.03%	0.02%
WAFD	C	0.03%	0.13%	0.03%
WAL	B	0.12%	0.21%	0.12%
WBS	D	0.14%	0.18%	0.14%
WD	D	0.05%	0.15%	0.05%
WDFC	D	0.05%	0.05%	0.05%
WEN	F	0.05%	0.13%	0.05%
WEX	D	0.14%	0.12%	0.12%
WFRD	B	0.15%	0.07%	0.07%
WH	C	0.1%	0.19%	0.1%
WHD	C	0.06%	0.05%	0.05%
WING	B	0.19%	0.06%	0.06%
WIRE	A	0.08%	0.26%	0.08%
WMK	D	0.02%	0.16%	0.02%
WMS	D	0.24%	0.15%	0.15%
WNC	F	0.02%	0.09%	0.02%
WOLF	F	0.06%	0.03%	0.03%
WOOF	C	0.01%	0.03%	0.01%
WOR	F	0.03%	0.1%	0.03%
WRLD	D	0.01%	0.04%	0.01%
WSBC	D	0.03%	0.09%	0.03%
WSC	F	0.13%	0.1%	0.1%
WSFS	B	0.05%	0.08%	0.05%
WTFC	D	0.11%	0.19%	0.11%
WTM	D	0.08%	0.18%	0.08%
WTRG	C	0.17%	0.06%	0.06%
WTS	D	0.1%	0.13%	0.1%
WWD	D	0.2%	0.28%	0.2%
WWW	C	0.02%	0.13%	0.02%
WYNN	D	0.16%	0.18%	0.16%
XHR	D	0.03%	0.11%	0.03%
XPO	C	0.21%	0.25%	0.21%
YELP	F	0.04%	0.15%	0.04%
YETI	F	0.06%	0.08%	0.06%
Z	C	0.02%	0.17%	0.02%
ZD	F	0.04%	0.14%	0.04%
ZI	F	0.07%	0.04%	0.04%
ZWS	D	0.08%	0.05%	0.05%

VB Overweight 595 Positions Relative to FNDA

Symbol	Grade	Weight
DECK	C	0.5%
TRGP	A	0.47%
MSTR	D	0.41%
CSL	C	0.36%
AXON	C	0.36%
BLDR	F	0.35%
BAH	C	0.35%
EME	D	0.33%
NRG	D	0.33%
FCNCA	C	0.33%
WSM	D	0.33%
VST	C	0.32%
RS	D	0.31%
ATO	D	0.31%
WSO	B	0.29%
LII	B	0.29%
OC	D	0.28%
IEX	D	0.28%
DKNG	F	0.27%
BG	B	0.27%
JBL	F	0.26%
RPM	D	0.26%
WRK	C	0.25%
EQH	B	0.25%
CELH	F	0.25%
OVV	D	0.25%
RBA	B	0.24%
NTNX	C	0.24%
NVT	D	0.24%
PNR	D	0.24%
THC	C	0.24%
GGG	D	0.24%
RGA	C	0.24%
TOL	D	0.23%
KIM	B	0.23%
NTRA	B	0.22%
USFD	C	0.22%
CASY	B	0.22%
HOOD	B	0.22%
DKS	C	0.22%
SRPT	C	0.21%
BBWI	F	0.21%
BJ	B	0.21%
ACM	D	0.21%
EMN	D	0.21%
NDSN	D	0.21%
CPT	B	0.2%
UHS	C	0.2%
DOCU	C	0.2%
LECO	F	0.2%
CHK	D	0.2%
REG	B	0.2%
GLPI	B	0.2%
JNPR	B	0.2%
HUBB	C	0.19%
EWBC	D	0.19%
CVNA	B	0.19%
ALLY	B	0.19%
ALLE	D	0.19%
APA	F	0.19%
CW	C	0.19%
PFGC	D	0.19%
ITT	D	0.19%
ELF	C	0.18%
RRX	F	0.18%
FFIV	C	0.18%
SCI	C	0.18%
TPR	C	0.18%
LDOS	B	0.18%
HII	D	0.18%
CG	C	0.18%
AOS	D	0.18%
CCK	F	0.18%
BRO	B	0.18%
STLD	D	0.18%
LAMR	B	0.18%
CACI	B	0.17%
QRVO	B	0.17%
SKX	C	0.17%
CHRW	C	0.17%
JLL	B	0.17%
AR	D	0.17%
ATR	D	0.17%
TFX	C	0.17%
UNM	D	0.16%
DINO	D	0.16%
DCI	D	0.16%
FHN	C	0.16%
KBR	D	0.16%
INSM	A	0.16%
GNRC	C	0.16%
PNW	C	0.16%
AIZ	D	0.16%
EQT	D	0.16%
HSIC	D	0.16%
WCC	D	0.16%
AFG	D	0.16%
CTLT	B	0.16%
BWA	F	0.15%
OWL	D	0.15%
SOLV	F	0.15%
MUSA	C	0.15%
ESTC	B	0.15%
SWN	D	0.15%
SNX	D	0.15%
TTC	C	0.15%
ARMK	C	0.15%
MKSI	B	0.15%
TPX	D	0.15%
BXP	C	0.15%
CLF	D	0.15%
EHC	B	0.15%
COHR	B	0.15%
GPK	D	0.15%
FMC	F	0.14%
AES	D	0.14%
INGR	D	0.14%
X	C	0.14%
VOYA	D	0.14%
AXTA	D	0.14%
HAS	D	0.14%
PRI	C	0.14%
AA	B	0.14%
SFM	B	0.14%
SEIC	D	0.14%
AYI	D	0.14%
EXP	D	0.14%
ORI	D	0.14%
GNTX	D	0.14%
DOC	B	0.13%
NCLH	C	0.13%
ARW	D	0.13%
MTZ	C	0.13%
DVA	C	0.13%
LEA	F	0.13%
PVH	F	0.13%
MTN	F	0.13%
OGE	C	0.13%
CZR	C	0.13%
FLR	B	0.13%
KNX	C	0.13%
NOV	D	0.13%
OSK	D	0.13%
NI	B	0.12%
DUOL	F	0.12%
LSTR	D	0.12%
FYBR	B	0.12%
CMC	D	0.12%
RL	C	0.12%
BERY	D	0.12%
MHK	D	0.12%
ALSN	D	0.12%
ITCI	C	0.12%
POOL	F	0.12%
CMA	C	0.12%
BRX	B	0.12%
PCVX	B	0.12%
AGCO	F	0.12%
EVR	A	0.12%
IVZ	D	0.12%
JEF	B	0.12%
MIDD	F	0.12%
LAD	F	0.12%
GPS	C	0.12%
CIEN	F	0.12%
SAIC	D	0.12%
UFPI	D	0.12%
G	D	0.11%
XRAY	F	0.11%
UHAL	D	0.11%
IPG	F	0.11%
LPX	D	0.11%
RVMD	D	0.11%
JXN	C	0.11%
GXO	F	0.11%
JKHY	C	0.11%
PCTY	F	0.11%
SON	F	0.11%
SOFI	F	0.11%
KD	C	0.11%
BECN	D	0.11%
PARA	C	0.11%
ST	C	0.11%
PCOR	C	0.11%
EVRG	D	0.11%
MUR	D	0.11%
HST	D	0.11%
FRPT	A	0.11%
MLI	C	0.11%
UDR	B	0.11%
NSIT	C	0.11%
LW	F	0.11%
MTH	D	0.11%
ZION	C	0.11%
RHI	F	0.11%
BPOP	D	0.11%
DAR	F	0.11%
AFRM	F	0.11%
OLN	F	0.11%
BPMC	A	0.11%
NXST	B	0.1%
BCC	F	0.1%
FAF	D	0.1%
OGN	C	0.1%
TKR	D	0.1%
SNV	B	0.1%
KMX	C	0.1%
CYTK	D	0.1%
LNC	C	0.1%
LNTH	C	0.1%
SEE	F	0.1%
BC	F	0.1%
MTG	B	0.1%
AN	D	0.1%
AVAV	D	0.1%
IOT	C	0.1%
STWD	D	0.1%
MTSI	A	0.1%
SM	D	0.1%
TMHC	D	0.1%
OMF	D	0.1%
SMAR	B	0.09%
KBH	D	0.09%
ABG	D	0.09%
ALTR	B	0.09%
TAP	F	0.09%
TDW	C	0.09%
AVT	D	0.09%
TENB	C	0.09%
MOS	F	0.09%
CFLT	C	0.09%
AL	C	0.09%
THO	D	0.09%
R	B	0.09%
WHR	C	0.09%
MDU	C	0.09%
POST	C	0.09%
BILL	F	0.09%
RYAN	B	0.09%
GKOS	A	0.09%
NFG	D	0.09%
AMG	D	0.09%
UGI	D	0.09%
M	C	0.09%
THG	D	0.08%
ASO	F	0.08%
GTLB	C	0.08%
WU	D	0.08%
JHG	B	0.08%
VRNS	B	0.08%
APPF	B	0.08%
PII	F	0.08%
HOG	F	0.08%
POR	D	0.08%
VFC	D	0.08%
IONS	B	0.08%
INSP	F	0.08%
PBF	F	0.08%
SLM	D	0.08%
PATH	D	0.08%
CC	F	0.07%
BOX	D	0.07%
WK	F	0.07%
PRGO	F	0.07%
HCP	A	0.07%
FOUR	B	0.07%
KRYS	B	0.07%
BBIO	D	0.07%
GL	D	0.07%
FLO	D	0.07%
APLS	F	0.07%
MDGL	C	0.07%
CPRI	D	0.07%
GPI	D	0.07%
MARA	C	0.07%
RIVN	C	0.07%
S	C	0.07%
HUN	F	0.07%
AAP	F	0.07%
VNO	C	0.07%
ASGN	D	0.07%
AI	B	0.06%
OSCR	D	0.06%
GH	C	0.06%
RARE	D	0.06%
PK	D	0.06%
MPW	F	0.06%
ACI	F	0.06%
BE	D	0.06%
TNDM	C	0.06%
MSGS	B	0.06%
QTWO	B	0.06%
AXNX	B	0.06%
FIVN	D	0.06%
GT	F	0.06%
TPH	D	0.06%
SHAK	D	0.06%
PI	C	0.06%
CRDO	B	0.06%
MAN	D	0.06%
SANM	C	0.06%
HUBG	C	0.05%
WLK	D	0.05%
IRTC	C	0.05%
SGBX	F	0.05%
LCID	D	0.05%
FL	D	0.05%
BL	D	0.05%
PENN	C	0.05%
FRSH	D	0.05%
ARWR	C	0.05%
FROG	B	0.05%
SWTX	F	0.05%
PTCT	D	0.05%
CWAN	B	0.05%
HIMS	C	0.05%
AXSM	B	0.05%
BHF	F	0.05%
GNW	D	0.05%
DXC	C	0.05%
PRCT	C	0.05%
RUSHA	F	0.05%
FOLD	C	0.05%
DOCS	B	0.05%
VAC	F	0.05%
BTU	C	0.05%
TGNA	D	0.05%
CERE	C	0.05%
ABM	B	0.05%
CNO	B	0.05%
REZI	D	0.05%
VKTX	D	0.05%
ZG	C	0.05%
ARCH	C	0.05%
NWL	F	0.05%
PAG	D	0.05%
NATL	B	0.04%
TDS	B	0.04%
MIR	C	0.04%
PLUG	F	0.04%
CAR	F	0.04%
DOCN	C	0.04%
STAA	B	0.04%
ARVN	F	0.04%
CERT	D	0.04%
ARRY	F	0.04%
AGIO	C	0.04%
BRZE	D	0.04%
NCNO	B	0.04%
SITM	B	0.04%
RPD	C	0.04%
TXG	F	0.04%
JOE	D	0.04%
PGNY	D	0.04%
TGTX	B	0.04%
AMBA	B	0.04%
IOVA	F	0.04%
NYCB	D	0.04%
FTRE	D	0.04%
ZETA	B	0.04%
ACVA	C	0.04%
VECO	B	0.04%
NUVL	C	0.04%
TWST	B	0.04%
NFE	F	0.04%
NVCR	D	0.04%
WERN	F	0.04%
CHWY	C	0.04%
CRI	F	0.04%
U	F	0.04%
NARI	C	0.04%
DV	D	0.04%
KSS	F	0.04%
MQ	C	0.04%
SWAV	A	0.04%
BROS	B	0.04%
SQSP	B	0.04%
SHC	C	0.03%
ENVX	B	0.03%
EVBG	C	0.03%
XNCR	F	0.03%
INFA	B	0.03%
LEG	F	0.03%
WRBY	C	0.03%
WLY	A	0.03%
YOU	B	0.03%
SPT	D	0.03%
DK	F	0.03%
XRX	F	0.03%
INTA	C	0.03%
PDFS	B	0.03%
KYMR	D	0.03%
VCYT	C	0.03%
FLNC	F	0.03%
MGNI	B	0.03%
WS	C	0.03%
IMVT	D	0.03%
JOBY	C	0.03%
NVAX	C	0.03%
HBI	C	0.03%
BEAM	D	0.03%
NEO	D	0.03%
RIOT	D	0.03%
VERX	B	0.03%
AUR	C	0.03%
UPST	F	0.03%
DAN	F	0.03%
ACAD	C	0.03%
RCM	F	0.03%
QS	F	0.03%
DNLI	C	0.03%
JBI	D	0.03%
FLYW	F	0.03%
PWSC	B	0.03%
OI	F	0.03%
NTLA	F	0.03%
EQC	C	0.03%
NABL	B	0.02%
LMND	C	0.02%
IAS	C	0.02%
UDMY	F	0.02%
PUBM	D	0.02%
MRVI	F	0.02%
HRMY	B	0.02%
AMRX	C	0.02%
CENX	B	0.02%
LC	C	0.02%
TRUP	B	0.02%
FSLY	F	0.02%
ARHS	C	0.02%
ACT	C	0.02%
SANA	F	0.02%
ASAN	D	0.02%
PYCR	D	0.02%
PLMR	C	0.02%
ETWO	C	0.02%
NWLI	A	0.02%
ATRC	C	0.02%
MSGE	D	0.02%
AIV	B	0.02%
ALKT	B	0.02%
INFN	B	0.02%
UTZ	D	0.02%
APPN	D	0.02%
LTH	B	0.02%
RDDT	B	0.02%
NAVI	F	0.02%
JAMF	C	0.02%
AESI	C	0.02%
SPNT	D	0.02%
PRO	F	0.02%
CXM	D	0.02%
RKLB	B	0.02%
LUMN	F	0.02%
UA	F	0.02%
UPWK	D	0.02%
ODP	F	0.02%
SHLS	F	0.02%
KNTK	B	0.02%
SDGR	F	0.02%
ZUO	C	0.02%
GSHD	D	0.02%
RXRX	F	0.02%
NKLA	F	0.01%
BOWL	B	0.01%
SPWR	F	0.01%
HPK	C	0.01%
PAY	C	0.01%
SPCE	F	0.01%
INN	D	0.01%
KRO	D	0.01%
EE	C	0.01%
VERV	F	0.01%
CDNA	B	0.01%
GOGO	D	0.01%
RMR	D	0.01%
PX	C	0.01%
PL	F	0.01%
RCUS	F	0.01%
CLBK	F	0.01%
SAVE	F	0.01%
EB	F	0.01%
SILK	B	0.01%
DAWN	D	0.01%
FCEL	F	0.01%
GCMG	C	0.01%
NAPA	F	0.01%
TR	C	0.01%
EDIT	F	0.01%
BFS	C	0.01%
MLNK	C	0.01%
PRME	F	0.01%
CEVA	D	0.01%
DDD	F	0.01%
LAZR	F	0.01%
ADPT	C	0.01%
SNCY	C	0.01%
LBRDA	C	0.01%
SEMR	C	0.01%
ZNTL	F	0.01%
OLO	F	0.01%
UHT	C	0.01%
CRSR	F	0.01%
PACB	F	0.01%
INST	B	0.01%
ALX	B	0.01%
PHR	F	0.01%
YEXT	F	0.01%
SMR	B	0.01%
UHAL	D	0.01%
HTZ	F	0.01%
LFST	D	0.01%
MAX	F	0.01%
BIGC	C	0.01%
ATUS	F	0.01%
TGI	B	0.01%
NOVA	D	0.01%
RSI	C	0.01%
NRDS	B	0.01%
SAGE	F	0.01%
KNSA	C	0.01%
PTLO	F	0.01%
LOB	F	0.01%
SWI	B	0.01%
GDRX	B	0.01%
LASR	F	0.01%
VMEO	F	0.01%
FOR	F	0.01%
DFH	F	0.01%
CTKB	D	0.01%
IBUY	C	0.01%
ZIP	F	0.01%
LPRO	F	0.01%
XMTR	F	0.01%
CHPT	D	0.01%
RGNX	F	0.01%
UWMC	D	0.01%
DRVN	C	0.01%
IBTA	D	0.01%
BCRX	B	0.01%
HSTM	C	0.01%
MCW	F	0.01%
UNFI	C	0.01%
PCT	C	0.01%
EXTR	C	0.01%
FIGS	C	0.01%
RDFN	F	0.01%
RBRK	C	0.01%
RCKT	F	0.01%
GRC	C	0.01%
DNA	F	0.01%
TFSL	D	0.01%
ALHC	B	0.01%
RVLV	F	0.01%
CGON	D	0.01%
BASE	D	0.01%
FG	D	0.01%
AMK	B	0.01%
VZIO	B	0.01%
VICR	F	0.01%
RLAY	F	0.01%
FA	C	0.01%
GSAT	D	0.01%
COUR	F	0.01%
SCWX	B	0.0%
AC	F	0.0%
INNV	C	0.0%
APPS	F	0.0%
FORR	F	0.0%
LDI	F	0.0%
TBPH	D	0.0%
ANGI	F	0.0%
SES	F	0.0%
NVRO	F	0.0%
FUBO	F	0.0%
OLPX	F	0.0%
EVCM	B	0.0%
ALLO	F	0.0%
RUSHB	F	0.0%
HGTY	A	0.0%
ANAB	B	0.0%
CRCT	F	0.0%
ACDC	F	0.0%
BYND	F	0.0%
CYRX	F	0.0%
LYEL	F	0.0%
ULCC	F	0.0%
ACCD	F	0.0%
DH	F	0.0%
TASK	C	0.0%
ENFN	D	0.0%
TMCI	D	0.0%
TWKS	F	0.0%
BRCC	C	0.0%
ADV	D	0.0%

VB Underweight 275 Positions Relative to FNDA

Symbol	Grade	Weight
COIN	C	-0.41%
SMCI	B	-0.41%
RCL	B	-0.41%
FICO	A	-0.29%
TPC	C	-0.28%
SLVM	D	-0.26%
VLTO	D	-0.25%
UAL	D	-0.24%
SCCO	C	-0.24%
SPOT	B	-0.24%
HEI	B	-0.23%
MHO	D	-0.22%
EBS	B	-0.2%
DHC	B	-0.2%
RPRX	F	-0.19%
STC	D	-0.18%
INCY	D	-0.18%
FDS	C	-0.18%
CCS	D	-0.18%
MPWR	B	-0.17%
CSGP	F	-0.17%
IMKTA	F	-0.17%
ZM	F	-0.16%
AGR	C	-0.16%
NOMD	D	-0.16%
PATK	D	-0.16%
SN	C	-0.16%
ROL	A	-0.15%
WGO	F	-0.14%
IGT	F	-0.13%
DASH	C	-0.13%
TYL	A	-0.13%
PINS	B	-0.13%
ARES	C	-0.13%
ENVA	B	-0.13%
VEEV	D	-0.13%
ABNB	B	-0.12%
HIBB	A	-0.12%
DOLE	C	-0.11%
CSTM	D	-0.11%
BMRN	C	-0.11%
UCTT	A	-0.11%
PLUS	D	-0.11%
DXCM	D	-0.11%
SIRI	C	-0.1%
ICFI	D	-0.1%
MYRG	F	-0.1%
WDAY	D	-0.1%
KOS	F	-0.1%
TALO	F	-0.09%
CNXN	D	-0.09%
TW	C	-0.09%
GCI	B	-0.09%
FSLR	C	-0.09%
IBKR	B	-0.09%
AMRK	C	-0.09%
CNA	B	-0.08%
HZO	C	-0.08%
PLTR	A	-0.08%
STNG	B	-0.08%
CLW	D	-0.08%
RYI	F	-0.08%
OEC	F	-0.08%
AY	B	-0.08%
MELI	B	-0.08%
STRL	D	-0.08%
KLIC	B	-0.08%
SFL	C	-0.08%
BSIG	C	-0.08%
PRDO	C	-0.08%
VRSN	C	-0.07%
ALG	F	-0.07%
TTD	A	-0.07%
NMIH	B	-0.07%
PAGS	C	-0.07%
GTN	F	-0.07%
NBR	F	-0.07%
GPRE	F	-0.07%
DHT	D	-0.07%
LILAK	B	-0.07%
MRTN	C	-0.07%
NTB	C	-0.07%
SASR	C	-0.07%
KLG	F	-0.07%
CPNG	C	-0.07%
NOW	A	-0.07%
PLAB	D	-0.07%
ZUMZ	B	-0.06%
CASH	B	-0.06%
GLNG	A	-0.06%
TBI	F	-0.06%
JBSS	D	-0.06%
LPG	C	-0.06%
THRY	F	-0.06%
BZH	F	-0.06%
ZIMV	B	-0.06%
SGH	B	-0.06%
ICHR	B	-0.06%
ENPH	F	-0.06%
CNSL	B	-0.06%
AGRO	D	-0.06%
SBLK	D	-0.06%
BUSE	B	-0.06%
SNBR	F	-0.06%
NTGR	C	-0.06%
CPK	C	-0.06%
APO	B	-0.06%
AAN	B	-0.06%
CUBI	B	-0.06%
HWKN	B	-0.06%
BSY	D	-0.06%
DFIN	D	-0.06%
GFS	C	-0.06%
SXC	D	-0.06%
DAC	C	-0.05%
VAL	B	-0.05%
SJW	D	-0.05%
STNE	D	-0.05%
XP	F	-0.05%
AGX	C	-0.05%
LOGC	C	-0.05%
CPS	F	-0.05%
ILPT	F	-0.05%
CMRE	C	-0.05%
TNK	C	-0.05%
CMCO	F	-0.05%
PARR	F	-0.05%
VBTX	C	-0.05%
GLOB	C	-0.05%
MERC	F	-0.05%
LIVN	D	-0.05%
GCO	F	-0.05%
SENEA	C	-0.05%
COHU	B	-0.05%
TUP	F	-0.05%
DEA	B	-0.05%
CHEF	A	-0.05%
SCVL	C	-0.05%
ROAD	D	-0.05%
ADUS	B	-0.05%
CTS	D	-0.05%
BXC	F	-0.05%
GDOT	F	-0.04%
MTW	F	-0.04%
CLVT	F	-0.04%
EBF	B	-0.04%
FBNC	C	-0.04%
GLDD	C	-0.04%
TSE	F	-0.04%
CVGW	F	-0.04%
NVEE	F	-0.04%
LKFN	D	-0.04%
HVT	F	-0.04%
ETD	D	-0.04%
UIS	D	-0.04%
BRY	D	-0.04%
CRAI	C	-0.04%
GNK	D	-0.04%
UVE	D	-0.04%
WTTR	B	-0.04%
ZEUS	F	-0.04%
COMM	F	-0.04%
HMST	C	-0.04%
CBL	B	-0.04%
SFIX	B	-0.04%
DXPE	D	-0.04%
FCPT	B	-0.04%
EFSC	C	-0.04%
SMP	F	-0.04%
TNP	B	-0.04%
RDNT	B	-0.04%
ASIX	F	-0.04%
ARKO	D	-0.03%
SNAP	B	-0.03%
AVO	F	-0.03%
RKT	C	-0.03%
PFC	D	-0.03%
RC	C	-0.03%
SRCE	B	-0.03%
IHRT	F	-0.03%
XPRO	C	-0.03%
FLWS	C	-0.03%
GRBK	C	-0.03%
RGP	F	-0.03%
SRI	F	-0.03%
TCBK	C	-0.03%
OPI	F	-0.03%
ARCO	D	-0.03%
ALTO	F	-0.03%
OCFC	B	-0.03%
SBSI	D	-0.03%
HSII	D	-0.03%
DO	C	-0.03%
SNOW	D	-0.03%
RILY	F	-0.03%
SHYF	F	-0.03%
CPF	B	-0.03%
DCO	B	-0.03%
TPIC	D	-0.03%
UTL	D	-0.03%
WOW	C	-0.03%
CTRN	F	-0.03%
BBSI	B	-0.03%
GPMT	F	-0.02%
ATNI	F	-0.02%
RYAM	C	-0.02%
AVD	F	-0.02%
SBCF	D	-0.02%
GDEN	F	-0.02%
AGM	B	-0.02%
LYV	C	-0.02%
SSYS	F	-0.02%
JRVR	F	-0.02%
OIS	F	-0.02%
CCSI	D	-0.02%
CRMT	F	-0.02%
VSEC	B	-0.02%
FLGT	F	-0.02%
MODV	F	-0.02%
OKTA	C	-0.02%
PLOW	F	-0.02%
MYE	F	-0.02%
CCRN	F	-0.02%
DENN	F	-0.02%
MOV	D	-0.02%
EVRI	C	-0.02%
CLDT	D	-0.02%
CNOB	F	-0.02%
HAFC	C	-0.02%
DHIL	F	-0.02%
HFWA	D	-0.02%
USPH	F	-0.02%
CSV	C	-0.02%
WASH	C	-0.02%
TITN	F	-0.02%
TBBK	B	-0.01%
MGPI	F	-0.01%
MSBI	D	-0.01%
HAYN	C	-0.01%
INMD	F	-0.01%
NIC	C	-0.01%
GSM	C	-0.01%
PEBO	D	-0.01%
SPWH	F	-0.01%
HOV	D	-0.01%
FBK	B	-0.01%
PFBC	D	-0.01%
SNEX	B	-0.01%
LXU	F	-0.01%
REX	F	-0.01%
ONEW	D	-0.01%
PRM	B	-0.01%
VTOL	C	-0.01%
CMTL	D	-0.01%
PKST	F	-0.01%
MBUU	F	-0.01%
IIIN	F	-0.01%
NR	C	-0.01%
AMSF	F	-0.01%
AOSL	B	-0.01%
TK	C	-0.01%
SBOW	B	-0.01%
WMG	D	-0.01%
KE	F	-0.01%
CLOV	B	-0.01%
NU	B	-0.01%
PETS	F	-0.01%
GSL	C	-0.01%
SLCA	B	-0.01%
SEDG	F	-0.01%
PLCE	F	-0.01%
TWI	F	-0.0%
GIC	F	-0.0%
WTI	D	-0.0%
AMPH	F	-0.0%