VB vs. SMLF ETF Comparison

Comparison of Vanguard Small-Cap ETF (VB) to iShares FactorSelect MSCI USA Small-Cap ETF (SMLF)

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

$253.78

Average Daily Volume

610,005

Number of Holdings ^*

1299

* may have additional holdings in another (foreign) market

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.68

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

Performance

Period	VB	SMLF
30 Days	6.55%	7.55%
60 Days	7.77%	8.72%
90 Days	9.08%	9.84%
12 Months	33.93%	38.08%

656 Overlapping Holdings

	Symbol	Grade	Weight in VB	Weight in SMLF	Overlap
	AA	A	0.17%	0.13%	0.13%
	ABG	C	0.07%	0.15%	0.07%
	ACA	A	0.08%	0.1%	0.08%
	ACAD	C	0.03%	0.11%	0.03%
	ACHC	F	0.06%	0.04%	0.04%
	ACI	C	0.09%	0.05%	0.05%
	ACLS	F	0.05%	0.12%	0.05%
	ACM	B	0.24%	0.19%	0.19%
	AEIS	C	0.07%	0.01%	0.01%
	AEO	F	0.06%	0.05%	0.05%
	AFRM	A	0.16%	0.07%	0.07%
	AGCO	D	0.1%	0.2%	0.1%
	AGNC	C	0.12%	0.16%	0.12%
	AGO	B	0.07%	0.27%	0.07%
	AIN	C	0.03%	0.01%	0.01%
	AIT	B	0.15%	0.12%	0.12%
	AIV	C	0.02%	0.06%	0.02%
	AIZ	A	0.16%	0.17%	0.16%
	ALGM	D	0.04%	0.01%	0.01%
	ALHC	C	0.02%	0.03%	0.02%
	ALIT	C	0.05%	0.09%	0.05%
	ALKS	C	0.07%	0.3%	0.07%
	ALLE	C	0.2%	0.16%	0.16%
	ALRM	C	0.04%	0.03%	0.03%
	ALSN	B	0.15%	0.56%	0.15%
	ALX	D	0.01%	0.1%	0.01%
	AM	A	0.08%	0.37%	0.08%
	AMBC	C	0.0%	0.05%	0.0%
	AMCX	C	0.0%	0.06%	0.0%
	AMG	B	0.09%	0.23%	0.09%
	AMH	C	0.18%	0.25%	0.18%
	AMN	F	0.02%	0.03%	0.02%
	AMR	C	0.04%	0.14%	0.04%
	AMRX	C	0.02%	0.07%	0.02%
	AN	C	0.09%	0.24%	0.09%
	ANAB	F	0.0%	0.04%	0.0%
	ANF	F	0.11%	0.3%	0.11%
	ANGI	F	0.0%	0.04%	0.0%
	APA	D	0.14%	0.22%	0.14%
	APG	B	0.14%	0.09%	0.09%
	APLS	F	0.05%	0.05%	0.05%
	APOG	C	0.03%	0.11%	0.03%
	APP	B	0.31%	1.49%	0.31%
	APPF	B	0.07%	0.06%	0.06%
	AR	B	0.13%	0.21%	0.13%
	ARCB	C	0.04%	0.02%	0.02%
	ARCH	B	0.04%	0.03%	0.03%
	AROC	A	0.05%	0.12%	0.05%
	ARRY	F	0.02%	0.04%	0.02%
	ARW	D	0.1%	0.18%	0.1%
	ARWR	D	0.04%	0.04%	0.04%
	ASAN	B	0.02%	0.05%	0.02%
	ASB	B	0.06%	0.1%	0.06%
	ASGN	F	0.06%	0.01%	0.01%
	ASH	F	0.06%	0.07%	0.06%
	ASO	F	0.06%	0.06%	0.06%
	ATI	C	0.11%	0.14%	0.11%
	ATKR	D	0.05%	0.2%	0.05%
	ATRC	C	0.03%	0.03%	0.03%
	AVAV	C	0.1%	0.05%	0.05%
	AVNT	B	0.07%	0.18%	0.07%
	AWR	B	0.05%	0.12%	0.05%
	AX	B	0.06%	0.0%	0.0%
	AXON	A	0.5%	0.66%	0.5%
	AXS	A	0.1%	0.01%	0.01%
	AXSM	B	0.06%	0.22%	0.06%
	AXTA	B	0.14%	0.03%	0.03%
	AYI	B	0.15%	0.35%	0.15%
	AZEK	A	0.1%	0.06%	0.06%
	BANF	B	0.03%	0.14%	0.03%
	BASE	B	0.01%	0.12%	0.01%
	BBIO	F	0.05%	0.03%	0.03%
	BBWI	C	0.1%	0.2%	0.1%
	BC	C	0.09%	0.09%	0.09%
	BCC	B	0.09%	0.22%	0.09%
	BCO	F	0.07%	0.06%	0.06%
	BCPC	B	0.09%	0.04%	0.04%
	BCRX	D	0.01%	0.11%	0.01%
	BDC	C	0.08%	0.08%	0.08%
	BDN	C	0.01%	0.13%	0.01%
	BEAM	D	0.03%	0.05%	0.03%
	BECN	B	0.09%	0.1%	0.09%
	BERY	C	0.13%	0.1%	0.1%
	BFH	C	0.04%	0.0%	0.0%
	BIGC	B	0.0%	0.01%	0.0%
	BILL	A	0.1%	0.04%	0.04%
	BJ	A	0.19%	0.16%	0.16%
	BKD	F	0.02%	0.03%	0.02%
	BKE	B	0.02%	0.12%	0.02%
	BKH	A	0.07%	0.01%	0.01%
	BKU	A	0.04%	0.0%	0.0%
	BL	B	0.05%	0.16%	0.05%
	BLD	D	0.18%	0.21%	0.18%
	BLKB	B	0.06%	0.13%	0.06%
	BLMN	F	0.02%	0.05%	0.02%
	BMBL	C	0.01%	0.02%	0.01%
	BMI	B	0.1%	0.16%	0.1%
	BOH	B	0.05%	0.0%	0.0%
	BOX	B	0.07%	0.08%	0.07%
	BPMC	B	0.09%	0.13%	0.09%
	BPOP	C	0.11%	0.53%	0.11%
	BRBR	A	0.14%	0.06%	0.06%
	BRC	D	0.05%	0.17%	0.05%
	BRKR	D	0.1%	0.14%	0.1%
	BRSP	C	0.01%	0.03%	0.01%
	BRX	A	0.13%	0.37%	0.13%
	BRZE	C	0.03%	0.13%	0.03%
	BWXT	B	0.18%	0.13%	0.13%
	BYD	B	0.07%	0.01%	0.01%
	CACC	D	0.03%	0.08%	0.03%
	CACI	D	0.2%	0.02%	0.02%
	CAKE	C	0.03%	0.01%	0.01%
	CAL	F	0.01%	0.08%	0.01%
	CALX	D	0.03%	0.02%	0.02%
	CAR	C	0.02%	0.09%	0.02%
	CARG	B	0.04%	0.11%	0.04%
	CARS	C	0.02%	0.08%	0.02%
	CASY	A	0.24%	0.06%	0.06%
	CBSH	B	0.12%	0.24%	0.12%
	CBT	D	0.1%	0.12%	0.1%
	CC	C	0.04%	0.06%	0.04%
	CDP	C	0.06%	0.03%	0.03%
	CEIX	A	0.02%	0.07%	0.02%
	CELH	F	0.08%	0.04%	0.04%
	CENTA	C	0.02%	0.05%	0.02%
	CFFN	C	0.01%	0.04%	0.01%
	CFR	B	0.12%	0.25%	0.12%
	CHCO	B	0.03%	0.0%	0.0%
	CHDN	B	0.15%	0.1%	0.1%
	CHE	D	0.13%	0.3%	0.13%
	CHRD	D	0.13%	0.03%	0.03%
	CHWY	B	0.05%	0.03%	0.03%
	CHX	C	0.09%	0.11%	0.09%
	CIEN	C	0.15%	0.03%	0.03%
	CLH	C	0.18%	0.07%	0.07%
	CMA	B	0.14%	0.0%	0.0%
	CMC	B	0.1%	0.14%	0.1%
	CMPR	D	0.02%	0.1%	0.02%
	CNDT	C	0.0%	0.02%	0.0%
	CNM	D	0.14%	0.36%	0.14%
	CNMD	C	0.03%	0.07%	0.03%
	CNO	B	0.06%	0.16%	0.06%
	CNS	B	0.05%	0.03%	0.03%
	CNX	A	0.08%	0.06%	0.06%
	COKE	C	0.09%	0.22%	0.09%
	COOP	B	0.09%	0.41%	0.09%
	CORT	B	0.07%	0.3%	0.07%
	COTY	F	0.04%	0.06%	0.04%
	COUR	F	0.01%	0.09%	0.01%
	CR	A	0.13%	0.35%	0.13%
	CRC	A	0.07%	0.1%	0.07%
	CRDO	B	0.09%	0.1%	0.09%
	CROX	D	0.1%	0.19%	0.1%
	CRS	B	0.12%	0.09%	0.09%
	CRUS	D	0.1%	0.11%	0.1%
	CSL	C	0.32%	0.41%	0.32%
	CSWI	B	0.1%	0.08%	0.08%
	CUBE	C	0.18%	0.11%	0.11%
	CUZ	B	0.08%	0.08%	0.08%
	CVBF	A	0.04%	0.05%	0.04%
	CVCO	A	0.03%	0.16%	0.03%
	CVI	F	0.01%	0.03%	0.01%
	CVLT	B	0.11%	0.08%	0.08%
	CVNA	B	0.24%	0.46%	0.24%
	CW	C	0.22%	0.23%	0.22%
	CWEN	C	0.04%	0.15%	0.04%
	CWEN	C	0.02%	0.15%	0.02%
	CWK	C	0.05%	0.01%	0.01%
	CXT	C	0.04%	0.09%	0.04%
	CXW	C	0.02%	0.11%	0.02%
	CYTK	F	0.1%	0.11%	0.1%
	DAN	D	0.02%	0.02%	0.02%
	DAWN	D	0.01%	0.04%	0.01%
	DCI	B	0.14%	0.18%	0.14%
	DDS	B	0.03%	0.31%	0.03%
	DECK	A	0.4%	0.72%	0.4%
	DEI	B	0.05%	0.0%	0.0%
	DH	F	0.0%	0.07%	0.0%
	DIN	C	0.0%	0.04%	0.0%
	DINO	D	0.1%	0.01%	0.01%
	DKS	D	0.18%	0.38%	0.18%
	DLX	B	0.01%	0.08%	0.01%
	DNB	B	0.06%	0.03%	0.03%
	DNLI	D	0.05%	0.2%	0.05%
	DNOW	B	0.02%	0.1%	0.02%
	DOCN	C	0.04%	0.02%	0.02%
	DOCS	C	0.07%	0.15%	0.07%
	DTM	A	0.14%	0.2%	0.14%
	DUOL	A	0.17%	0.44%	0.17%
	DY	D	0.08%	0.02%	0.02%
	DYN	F	0.02%	0.02%	0.02%
	EDR	A	0.07%	0.02%	0.02%
	EEFT	B	0.07%	0.09%	0.07%
	EGBN	B	0.01%	0.0%	0.0%
	EGP	D	0.14%	0.09%	0.09%
	EHC	B	0.16%	0.05%	0.05%
	EIG	B	0.02%	0.0%	0.0%
	ELAN	D	0.1%	0.08%	0.08%
	ELF	C	0.1%	0.2%	0.1%
	EMBC	C	0.01%	0.03%	0.01%
	EME	A	0.34%	0.94%	0.34%
	ENR	B	0.04%	0.01%	0.01%
	ENS	F	0.06%	0.04%	0.04%
	ENSG	C	0.15%	0.14%	0.14%
	ENTG	D	0.26%	0.23%	0.23%
	EPAC	C	0.04%	0.07%	0.04%
	EPC	F	0.03%	0.01%	0.01%
	EPR	C	0.06%	0.02%	0.02%
	EQC	B	0.03%	0.07%	0.03%
	ESAB	C	0.12%	0.18%	0.12%
	ESI	B	0.1%	0.15%	0.1%
	ESTC	C	0.12%	0.26%	0.12%
	ETSY	D	0.09%	0.2%	0.09%
	EVH	F	0.04%	0.02%	0.02%
	EVR	B	0.16%	0.81%	0.16%
	EVTC	B	0.03%	0.03%	0.03%
	EWBC	A	0.22%	0.39%	0.22%
	EXEL	B	0.15%	0.24%	0.15%
	EXLS	B	0.11%	0.23%	0.11%
	EXPI	D	0.02%	0.1%	0.02%
	EXPO	D	0.08%	0.09%	0.08%
	EXTR	C	0.02%	0.17%	0.02%
	FAF	A	0.1%	0.16%	0.1%
	FBP	C	0.05%	0.0%	0.0%
	FCN	F	0.12%	0.04%	0.04%
	FCNCA	A	0.34%	0.27%	0.27%
	FFIN	B	0.07%	0.05%	0.05%
	FHB	B	0.05%	0.08%	0.05%
	FHI	B	0.05%	0.11%	0.05%
	FHN	A	0.15%	0.04%	0.04%
	FIVN	C	0.04%	0.08%	0.04%
	FIX	A	0.23%	0.44%	0.23%
	FL	F	0.04%	0.03%	0.03%
	FLNC	D	0.02%	0.07%	0.02%
	FLO	D	0.07%	0.06%	0.06%
	FLR	B	0.15%	0.08%	0.08%
	FLYW	B	0.03%	0.04%	0.03%
	FN	C	0.14%	0.06%	0.06%
	FOLD	F	0.06%	0.05%	0.05%
	FR	D	0.11%	0.31%	0.11%
	FROG	C	0.04%	0.18%	0.04%
	FSS	B	0.08%	0.02%	0.02%
	FULT	A	0.05%	0.0%	0.0%
	FYBR	C	0.15%	0.13%	0.13%
	GAP	C	0.08%	0.23%	0.08%
	GATX	A	0.08%	0.15%	0.08%
	GEF	A	0.03%	0.01%	0.01%
	GEF	A	0.0%	0.01%	0.0%
	GEO	B	0.03%	0.12%	0.03%
	GES	F	0.01%	0.15%	0.01%
	GFF	A	0.05%	0.12%	0.05%
	GGG	B	0.23%	0.3%	0.23%
	GH	B	0.04%	0.19%	0.04%
	GIII	D	0.02%	0.02%	0.02%
	GKOS	B	0.11%	0.07%	0.07%
	GLPI	C	0.22%	0.18%	0.18%
	GME	C	0.14%	0.16%	0.14%
	GMED	A	0.14%	0.03%	0.03%
	GMS	B	0.06%	0.08%	0.06%
	GNRC	C	0.16%	0.15%	0.15%
	GNW	A	0.05%	0.0%	0.0%
	GO	C	0.02%	0.01%	0.01%
	GOLF	B	0.03%	0.13%	0.03%
	GPI	B	0.08%	0.22%	0.08%
	GPK	C	0.14%	0.26%	0.14%
	GTLB	B	0.1%	0.39%	0.1%
	GWRE	A	0.25%	0.01%	0.01%
	HAE	C	0.06%	0.2%	0.06%
	HAIN	D	0.01%	0.01%	0.01%
	HALO	F	0.11%	0.24%	0.11%
	HAS	D	0.14%	0.19%	0.14%
	HASI	D	0.07%	0.07%	0.07%
	HCC	B	0.05%	0.06%	0.05%
	HE	C	0.03%	0.06%	0.03%
	HEES	C	0.03%	0.09%	0.03%
	HELE	C	0.02%	0.04%	0.02%
	HI	C	0.03%	0.09%	0.03%
	HIMS	B	0.05%	0.1%	0.05%
	HIW	C	0.06%	0.18%	0.06%
	HLF	C	0.01%	0.04%	0.01%
	HLI	A	0.15%	0.18%	0.15%
	HNI	B	0.04%	0.03%	0.03%
	HOG	D	0.06%	0.15%	0.06%
	HP	C	0.05%	0.1%	0.05%
	HPP	F	0.01%	0.04%	0.01%
	HQY	A	0.12%	0.01%	0.01%
	HRB	D	0.14%	0.4%	0.14%
	HSTM	B	0.01%	0.04%	0.01%
	HTH	C	0.02%	0.11%	0.02%
	HTZ	C	0.0%	0.01%	0.0%
	HUN	F	0.06%	0.1%	0.06%
	HURN	C	0.03%	0.25%	0.03%
	HWC	B	0.07%	0.08%	0.07%
	HXL	F	0.08%	0.01%	0.01%
	IBOC	B	0.06%	0.11%	0.06%
	IBP	D	0.09%	0.04%	0.04%
	IDA	A	0.09%	0.46%	0.09%
	IDCC	B	0.06%	0.09%	0.06%
	INSM	C	0.19%	0.1%	0.1%
	INSP	D	0.1%	0.12%	0.1%
	INTA	B	0.04%	0.27%	0.04%
	INVA	D	0.02%	0.09%	0.02%
	IONS	F	0.09%	0.14%	0.09%
	IOSP	C	0.04%	0.04%	0.04%
	IOT	A	0.15%	0.41%	0.15%
	IPAR	B	0.04%	0.13%	0.04%
	IRTC	C	0.04%	0.06%	0.04%
	IRWD	F	0.01%	0.02%	0.01%
	ITCI	C	0.14%	0.06%	0.06%
	ITGR	B	0.07%	0.05%	0.05%
	ITRI	C	0.08%	0.05%	0.05%
	ITT	A	0.19%	0.31%	0.19%
	IVT	A	0.04%	0.16%	0.04%
	IVZ	B	0.12%	0.1%	0.1%
	JACK	C	0.02%	0.09%	0.02%
	JAMF	F	0.02%	0.01%	0.01%
	JBL	C	0.22%	0.55%	0.22%
	JEF	A	0.15%	0.4%	0.15%
	JELD	F	0.02%	0.02%	0.02%
	JHG	B	0.09%	0.31%	0.09%
	JOBY	B	0.04%	0.01%	0.01%
	JOE	F	0.03%	0.19%	0.03%
	JXN	C	0.12%	0.0%	0.0%
	KAI	B	0.03%	0.13%	0.03%
	KALU	C	0.02%	0.01%	0.01%
	KBR	F	0.15%	0.12%	0.12%
	KD	B	0.09%	0.06%	0.06%
	KFRC	D	0.02%	0.16%	0.02%
	KFY	B	0.06%	0.02%	0.02%
	KIM	A	0.26%	0.16%	0.16%
	KN	B	0.02%	0.08%	0.02%
	KNF	B	0.09%	0.07%	0.07%
	KNSL	B	0.16%	0.18%	0.16%
	KRC	B	0.08%	0.12%	0.08%
	KREF	C	0.01%	0.04%	0.01%
	KRG	B	0.09%	0.17%	0.09%
	KSS	F	0.03%	0.08%	0.03%
	KW	C	0.02%	0.1%	0.02%
	LADR	B	0.02%	0.06%	0.02%
	LAMR	C	0.19%	0.33%	0.19%
	LANC	C	0.06%	0.02%	0.02%
	LBRDA	C	0.02%	0.4%	0.02%
	LECO	C	0.18%	0.05%	0.05%
	LFUS	D	0.1%	0.05%	0.05%
	LGND	C	0.03%	0.09%	0.03%
	LNTH	D	0.13%	0.17%	0.13%
	LNW	F	0.14%	0.17%	0.14%
	LPX	B	0.1%	0.41%	0.1%
	LRN	A	0.06%	0.16%	0.06%
	LSCC	D	0.11%	0.23%	0.11%
	LSTR	D	0.1%	0.1%	0.1%
	LTH	C	0.03%	0.03%	0.03%
	LUMN	C	0.11%	0.2%	0.11%
	LXP	D	0.04%	0.07%	0.04%
	LYFT	C	0.07%	0.1%	0.07%
	M	F	0.07%	0.19%	0.07%
	MAC	B	0.07%	0.31%	0.07%
	MAN	F	0.05%	0.04%	0.04%
	MANH	D	0.27%	0.5%	0.27%
	MASI	B	0.11%	0.08%	0.08%
	MAT	D	0.11%	0.12%	0.11%
	MATV	D	0.01%	0.07%	0.01%
	MATX	C	0.09%	0.21%	0.09%
	MC	C	0.08%	0.0%	0.0%
	MCY	A	0.03%	0.06%	0.03%
	MDGL	B	0.08%	0.11%	0.08%
	MDU	D	0.09%	0.04%	0.04%
	MEDP	D	0.13%	0.38%	0.13%
	MGNI	B	0.03%	0.03%	0.03%
	MIDD	C	0.11%	0.08%	0.08%
	MKSI	C	0.11%	0.08%	0.08%
	MLI	B	0.15%	0.49%	0.15%
	MMS	F	0.09%	0.04%	0.04%
	MMSI	A	0.09%	0.14%	0.09%
	MOD	A	0.1%	0.25%	0.1%
	MOG.A	B	0.09%	0.03%	0.03%
	MPW	F	0.05%	0.06%	0.05%
	MRC	B	0.02%	0.09%	0.02%
	MSA	F	0.1%	0.02%	0.02%
	MSM	C	0.06%	0.02%	0.02%
	MSTR	B	0.35%	0.73%	0.35%
	MTG	C	0.11%	0.09%	0.09%
	MTN	C	0.1%	0.09%	0.09%
	MTRN	C	0.03%	0.1%	0.03%
	MTSI	B	0.11%	0.09%	0.09%
	MUR	D	0.07%	0.19%	0.07%
	NARI	C	0.04%	0.07%	0.04%
	NATL	B	0.03%	0.04%	0.03%
	NAVI	F	0.02%	0.19%	0.02%
	NBTB	B	0.03%	0.0%	0.0%
	NDSN	B	0.21%	0.18%	0.18%
	NFG	A	0.09%	0.13%	0.09%
	NGVT	B	0.03%	0.01%	0.01%
	NHI	D	0.06%	0.04%	0.04%
	NJR	A	0.07%	0.14%	0.07%
	NNN	C	0.13%	0.1%	0.1%
	NOV	C	0.1%	0.12%	0.1%
	NOVT	D	0.1%	0.14%	0.1%
	NSIT	F	0.09%	0.06%	0.06%
	NSP	F	0.04%	0.11%	0.04%
	NTCT	C	0.02%	0.11%	0.02%
	NTLA	F	0.02%	0.01%	0.01%
	NTNX	B	0.26%	0.56%	0.26%
	NTRA	A	0.23%	0.4%	0.23%
	NUS	D	0.0%	0.02%	0.0%
	NUVL	C	0.06%	0.13%	0.06%
	NVST	B	0.06%	0.06%	0.06%
	NVT	B	0.2%	0.49%	0.2%
	NWL	C	0.06%	0.02%	0.02%
	NWN	A	0.02%	0.01%	0.01%
	NX	C	0.02%	0.03%	0.02%
	NXST	C	0.09%	0.07%	0.07%
	NYT	D	0.14%	0.12%	0.12%
	OC	A	0.25%	0.18%	0.18%
	ODP	F	0.02%	0.11%	0.02%
	OFG	B	0.03%	0.0%	0.0%
	OGE	A	0.13%	0.12%	0.12%
	OGS	A	0.07%	0.13%	0.07%
	OHI	C	0.18%	0.09%	0.09%
	OI	C	0.03%	0.03%	0.03%
	OII	B	0.04%	0.11%	0.04%
	OLED	F	0.13%	0.03%	0.03%
	OLN	F	0.08%	0.09%	0.08%
	OLPX	D	0.0%	0.01%	0.0%
	OMF	A	0.1%	0.16%	0.1%
	OMI	F	0.02%	0.04%	0.02%
	ONTO	F	0.16%	0.15%	0.15%
	OPCH	D	0.06%	0.08%	0.06%
	OPEN	F	0.02%	0.02%	0.02%
	ORI	A	0.13%	0.41%	0.13%
	OSCR	D	0.05%	0.08%	0.05%
	OSIS	A	0.04%	0.02%	0.02%
	OTTR	C	0.05%	0.06%	0.05%
	OUT	A	0.04%	0.04%	0.04%
	OVV	B	0.17%	0.25%	0.17%
	OXM	F	0.02%	0.06%	0.02%
	OZK	B	0.08%	0.08%	0.08%
	PARA	C	0.1%	0.11%	0.1%
	PATH	C	0.08%	0.05%	0.05%
	PBF	D	0.04%	0.02%	0.02%
	PBH	A	0.06%	0.09%	0.06%
	PCH	F	0.05%	0.01%	0.01%
	PCOR	B	0.11%	0.42%	0.11%
	PCTY	C	0.13%	0.14%	0.13%
	PCVX	D	0.2%	0.09%	0.09%
	PD	C	0.03%	0.08%	0.03%
	PDCO	F	0.03%	0.02%	0.02%
	PDM	D	0.02%	0.17%	0.02%
	PEB	D	0.02%	0.01%	0.01%
	PEGA	B	0.06%	0.08%	0.06%
	PEN	B	0.14%	0.07%	0.07%
	PFSI	C	0.04%	0.04%	0.04%
	PGRE	F	0.01%	0.16%	0.01%
	PHIN	A	0.03%	0.09%	0.03%
	PI	D	0.07%	0.14%	0.07%
	PII	F	0.06%	0.01%	0.01%
	PIPR	A	0.08%	0.34%	0.08%
	PK	C	0.05%	0.05%	0.05%
	PLNT	A	0.11%	0.09%	0.09%
	PNFP	B	0.13%	0.1%	0.1%
	POR	C	0.08%	0.07%	0.07%
	POWI	F	0.06%	0.01%	0.01%
	PR	B	0.14%	0.02%	0.02%
	PRG	C	0.03%	0.17%	0.03%
	PRGO	C	0.06%	0.04%	0.04%
	PRGS	A	0.05%	0.18%	0.05%
	PRI	B	0.15%	0.28%	0.15%
	PRO	C	0.01%	0.02%	0.01%
	PSTG	D	0.25%	0.29%	0.25%
	PTCT	B	0.05%	0.02%	0.02%
	PTEN	C	0.05%	0.11%	0.05%
	PVH	C	0.09%	0.17%	0.09%
	PYCR	B	0.02%	0.01%	0.01%
	PZZA	F	0.03%	0.05%	0.03%
	QLYS	B	0.07%	0.13%	0.07%
	QXO	D	0.01%	0.03%	0.01%
	R	B	0.1%	0.28%	0.1%
	RAMP	B	0.03%	0.02%	0.02%
	RBRK	A	0.02%	0.01%	0.01%
	RCUS	F	0.01%	0.04%	0.01%
	RDDT	A	0.05%	0.2%	0.05%
	RDFN	D	0.02%	0.03%	0.02%
	RDN	D	0.09%	0.06%	0.06%
	REVG	C	0.02%	0.03%	0.02%
	RGEN	D	0.12%	0.08%	0.08%
	RGLD	C	0.16%	0.14%	0.14%
	RGNX	D	0.0%	0.03%	0.0%
	RHI	C	0.11%	0.17%	0.11%
	RHP	B	0.1%	0.01%	0.01%
	RIG	D	0.06%	0.07%	0.06%
	RL	C	0.12%	0.15%	0.12%
	RLI	A	0.11%	0.03%	0.03%
	RLJ	C	0.02%	0.02%	0.02%
	RMBS	B	0.08%	0.24%	0.08%
	RNG	C	0.05%	0.19%	0.05%
	RNR	C	0.23%	0.21%	0.21%
	ROIV	C	0.08%	0.01%	0.01%
	ROKU	D	0.13%	0.04%	0.04%
	RPD	B	0.04%	0.03%	0.03%
	RPM	A	0.27%	0.22%	0.22%
	RRC	B	0.11%	0.19%	0.11%
	RRX	B	0.18%	0.2%	0.18%
	RS	B	0.26%	0.49%	0.26%
	RUSHA	C	0.06%	0.06%	0.06%
	RVMD	C	0.13%	0.04%	0.04%
	RYAN	A	0.1%	0.13%	0.1%
	RYN	D	0.08%	0.06%	0.06%
	S	B	0.12%	0.06%	0.06%
	SAH	C	0.01%	0.04%	0.01%
	SAIA	B	0.21%	0.12%	0.12%
	SANA	F	0.01%	0.04%	0.01%
	SANM	B	0.06%	0.22%	0.06%
	SATS	D	0.05%	0.12%	0.05%
	SCI	B	0.18%	0.14%	0.14%
	SCS	C	0.02%	0.08%	0.02%
	SEE	C	0.07%	0.0%	0.0%
	SF	B	0.17%	0.17%	0.17%
	SFBS	C	0.07%	0.13%	0.07%
	SFM	A	0.21%	0.6%	0.21%
	SHO	D	0.03%	0.01%	0.01%
	SIG	B	0.06%	0.26%	0.06%
	SITE	F	0.1%	0.05%	0.05%
	SKT	A	0.06%	0.24%	0.06%
	SKY	A	0.08%	0.15%	0.08%
	SLAB	F	0.06%	0.03%	0.03%
	SLG	B	0.08%	0.49%	0.08%
	SLM	A	0.08%	0.16%	0.08%
	SM	B	0.08%	0.07%	0.07%
	SMAR	B	0.12%	0.26%	0.12%
	SMG	C	0.06%	0.19%	0.06%
	SMTC	B	0.05%	0.05%	0.05%
	SNV	C	0.11%	0.05%	0.05%
	SOFI	B	0.18%	0.06%	0.06%
	SOLV	D	0.16%	0.31%	0.16%
	SON	F	0.08%	0.09%	0.08%
	SONO	C	0.02%	0.05%	0.02%
	SPB	C	0.04%	0.15%	0.04%
	SPSC	D	0.1%	0.11%	0.1%
	SPT	C	0.02%	0.14%	0.02%
	SR	A	0.06%	0.12%	0.06%
	SRPT	F	0.19%	0.2%	0.19%
	SSB	B	0.12%	0.02%	0.02%
	SSD	F	0.12%	0.14%	0.12%
	SSTK	F	0.01%	0.11%	0.01%
	STAG	D	0.11%	0.04%	0.04%
	STWD	C	0.1%	0.06%	0.06%
	SUPN	C	0.03%	0.03%	0.03%
	SVC	F	0.01%	0.02%	0.01%
	SWI	C	0.01%	0.01%	0.01%
	SWTX	C	0.03%	0.01%	0.01%
	SWX	B	0.07%	0.01%	0.01%
	SYNA	C	0.04%	0.1%	0.04%
	TCBI	C	0.06%	0.03%	0.03%
	TDC	D	0.05%	0.01%	0.01%
	TDOC	C	0.03%	0.18%	0.03%
	TDS	B	0.04%	0.04%	0.04%
	TENB	C	0.07%	0.08%	0.07%
	TEX	F	0.05%	0.19%	0.05%
	TGNA	B	0.04%	0.09%	0.04%
	TGTX	B	0.06%	0.03%	0.03%
	THC	D	0.24%	0.31%	0.24%
	THO	B	0.09%	0.13%	0.09%
	THR	B	0.01%	0.05%	0.01%
	TILE	B	0.01%	0.05%	0.01%
	TKR	D	0.09%	0.17%	0.09%
	TMHC	C	0.11%	0.09%	0.09%
	TNC	D	0.03%	0.06%	0.03%
	TNET	F	0.04%	0.13%	0.04%
	TNL	A	0.05%	0.16%	0.05%
	TOL	B	0.25%	0.16%	0.16%
	TOST	B	0.21%	0.21%	0.21%
	TPG	A	0.09%	0.2%	0.09%
	TPH	D	0.06%	0.14%	0.06%
	TPR	B	0.18%	0.3%	0.18%
	TPX	B	0.13%	0.24%	0.13%
	TR	B	0.01%	0.01%	0.01%
	TREX	C	0.13%	0.24%	0.13%
	TRMK	C	0.03%	0.0%	0.0%
	TRN	B	0.05%	0.06%	0.05%
	TTC	C	0.14%	0.14%	0.14%
	TTEK	F	0.22%	0.29%	0.22%
	TXRH	B	0.21%	0.07%	0.07%
	UA	C	0.02%	0.14%	0.02%
	UDMY	D	0.01%	0.03%	0.01%
	UFPI	C	0.12%	0.23%	0.12%
	UGI	C	0.08%	0.1%	0.08%
	UMBF	B	0.07%	0.14%	0.07%
	UNFI	A	0.02%	0.02%	0.02%
	UNIT	B	0.02%	0.07%	0.02%
	UNM	A	0.16%	0.0%	0.0%
	UPBD	B	0.02%	0.09%	0.02%
	UPWK	B	0.03%	0.01%	0.01%
	USFD	A	0.25%	0.18%	0.18%
	USNA	C	0.01%	0.02%	0.01%
	UTHR	C	0.27%	0.38%	0.27%
	UVV	B	0.02%	0.06%	0.02%
	VAC	C	0.04%	0.07%	0.04%
	VAL	F	0.05%	0.01%	0.01%
	VC	F	0.04%	0.08%	0.04%
	VCYT	B	0.04%	0.18%	0.04%
	VECO	F	0.03%	0.1%	0.03%
	VFC	C	0.13%	0.08%	0.08%
	VIAV	C	0.03%	0.03%	0.03%
	VIR	D	0.01%	0.08%	0.01%
	VIRT	A	0.04%	0.03%	0.03%
	VKTX	F	0.13%	0.06%	0.06%
	VMEO	B	0.01%	0.13%	0.01%
	VMI	B	0.1%	0.15%	0.1%
	VNO	C	0.12%	0.41%	0.12%
	VNT	C	0.09%	0.05%	0.05%
	VOYA	B	0.13%	0.17%	0.13%
	VRE	B	0.02%	0.01%	0.01%
	VRNS	D	0.09%	0.1%	0.09%
	VSH	F	0.03%	0.09%	0.03%
	VSTO	A	0.02%	0.14%	0.02%
	VSTS	C	0.03%	0.02%	0.02%
	W	D	0.07%	0.15%	0.07%
	WAFD	B	0.05%	0.12%	0.05%
	WAL	B	0.14%	0.1%	0.1%
	WBA	F	0.05%	0.05%	0.05%
	WBS	A	0.15%	0.05%	0.05%
	WCC	B	0.16%	0.2%	0.16%
	WD	D	0.06%	0.02%	0.02%
	WEN	D	0.05%	0.12%	0.05%
	WEX	D	0.12%	0.09%	0.09%
	WFRD	D	0.1%	0.35%	0.1%
	WH	B	0.11%	0.12%	0.11%
	WING	D	0.14%	0.36%	0.14%
	WK	B	0.06%	0.34%	0.06%
	WLY	B	0.03%	0.07%	0.03%
	WMS	F	0.19%	0.1%	0.1%
	WNC	C	0.01%	0.07%	0.01%
	WOOF	D	0.0%	0.02%	0.0%
	WOR	F	0.02%	0.08%	0.02%
	WS	C	0.02%	0.22%	0.02%
	WSC	F	0.1%	0.09%	0.09%
	WSM	C	0.28%	0.42%	0.28%
	WSO	A	0.27%	0.31%	0.27%
	WTFC	A	0.13%	0.02%	0.02%
	WTM	A	0.07%	0.16%	0.07%
	WTS	B	0.09%	0.12%	0.09%
	WYNN	C	0.15%	0.07%	0.07%
	X	B	0.13%	0.1%	0.1%
	XHR	B	0.02%	0.03%	0.02%
	XNCR	B	0.02%	0.15%	0.02%
	XPO	B	0.24%	0.17%	0.17%
	XPRO	D	0.02%	0.01%	0.01%
	XRAY	F	0.08%	0.2%	0.08%
	XRX	F	0.01%	0.18%	0.01%
	YELP	C	0.04%	0.06%	0.04%
	YETI	D	0.05%	0.08%	0.05%
	YEXT	B	0.01%	0.14%	0.01%
	YOU	D	0.06%	0.23%	0.06%
	ZION	B	0.13%	0.24%	0.13%
	ZIP	D	0.01%	0.05%	0.01%
	ZUO	B	0.02%	0.01%	0.01%

VB Overweight 643 Positions Relative to SMLF

	Symbol	Grade	Weight
	SW	A	0.44%
	BAH	F	0.39%
	PTC	B	0.35%
	ATO	A	0.35%
	BLDR	D	0.33%
	LII	A	0.32%
	NRG	B	0.31%
	TRGP	A	0.3%
	HOOD	B	0.28%
	IEX	C	0.27%
	DKNG	B	0.27%
	PNR	A	0.27%
	RBA	A	0.26%
	DT	D	0.25%
	EQH	C	0.24%
	RGA	A	0.23%
	COHR	B	0.23%
	DOCU	B	0.23%
	JKHY	D	0.22%
	FFIV	B	0.22%
	PFGC	B	0.21%
	EXAS	D	0.21%
	JNPR	D	0.21%
	JLL	D	0.21%
	REG	A	0.21%
	BG	D	0.2%
	HST	C	0.2%
	NBIX	C	0.2%
	EMN	C	0.2%
	LDOS	C	0.2%
	CPT	B	0.2%
	CCK	D	0.19%
	KMX	B	0.19%
	TPL	A	0.19%
	ERIE	D	0.19%
	BXP	C	0.19%
	HUBB	B	0.19%
	SJM	D	0.19%
	CHRW	B	0.19%
	UHS	D	0.19%
	CG	B	0.19%
	OWL	A	0.19%
	TWLO	A	0.19%
	TECH	F	0.19%
	AES	F	0.19%
	ELS	C	0.19%
	DAY	B	0.18%
	PAYC	B	0.18%
	EQT	B	0.18%
	FTI	A	0.18%
	IPG	D	0.18%
	NCLH	B	0.18%
	ATR	B	0.18%
	LW	C	0.18%
	CTLT	C	0.17%
	EPAM	B	0.17%
	FBIN	D	0.17%
	MKTX	D	0.17%
	FND	D	0.17%
	TAP	C	0.16%
	TFX	F	0.16%
	GL	C	0.16%
	WTRG	B	0.16%
	STLD	B	0.16%
	EXP	B	0.16%
	ALLY	C	0.16%
	LKQ	F	0.16%
	AFG	A	0.16%
	WWD	C	0.16%
	ARMK	B	0.16%
	PNW	A	0.16%
	LAD	A	0.15%
	HSIC	C	0.15%
	MUSA	B	0.15%
	AOS	F	0.15%
	MORN	B	0.15%
	CRL	D	0.15%
	FRT	B	0.15%
	MTCH	D	0.15%
	LBRDK	C	0.15%
	CZR	F	0.14%
	MOS	F	0.14%
	RIVN	F	0.14%
	INGR	C	0.14%
	SEIC	B	0.14%
	REXR	F	0.14%
	AAL	B	0.14%
	BWA	D	0.13%
	BFAM	D	0.13%
	MTZ	B	0.13%
	DOC	C	0.13%
	NI	A	0.13%
	KNX	C	0.13%
	TKO	A	0.13%
	FMC	D	0.13%
	PODD	C	0.13%
	SKX	D	0.13%
	RBC	A	0.13%
	GXO	B	0.12%
	MHK	D	0.12%
	HII	F	0.12%
	Z	A	0.12%
	COLD	D	0.12%
	SAIC	F	0.12%
	SNX	D	0.12%
	AAON	B	0.12%
	ADC	A	0.12%
	FRPT	A	0.11%
	JAZZ	B	0.11%
	POOL	C	0.11%
	MTH	D	0.11%
	EVRG	A	0.11%
	PB	B	0.11%
	UHAL	D	0.11%
	KEX	B	0.11%
	OSK	C	0.11%
	QRVO	F	0.11%
	G	B	0.11%
	CGNX	D	0.11%
	FLS	B	0.11%
	BIO	C	0.11%
	UDR	B	0.11%
	GNTX	C	0.11%
	TRNO	F	0.1%
	DBX	B	0.1%
	SUM	B	0.1%
	MTDR	B	0.1%
	SIRI	C	0.1%
	DVA	C	0.1%
	ALTR	B	0.1%
	FOUR	A	0.1%
	GBCI	B	0.1%
	LNC	C	0.1%
	HRI	C	0.1%
	COLB	B	0.1%
	CWST	A	0.1%
	ALK	B	0.1%
	CTRE	C	0.1%
	ESNT	F	0.1%
	INCY	C	0.1%
	CLF	F	0.1%
	AWI	A	0.1%
	CADE	B	0.1%
	ONB	C	0.1%
	H	B	0.1%
	DAR	C	0.1%
	GTLS	A	0.09%
	PSN	D	0.09%
	ST	F	0.09%
	VVV	D	0.09%
	FNB	A	0.09%
	LEA	F	0.09%
	SIGI	C	0.09%
	EPRT	B	0.09%
	CFLT	B	0.09%
	ALB	B	0.09%
	U	C	0.09%
	OLLI	D	0.09%
	WHR	B	0.09%
	SRCL	B	0.09%
	SHAK	C	0.08%
	PECO	A	0.08%
	MARA	B	0.08%
	RH	C	0.08%
	HLNE	B	0.08%
	KTB	B	0.08%
	AVT	C	0.08%
	CIVI	D	0.08%
	THG	A	0.08%
	OGN	F	0.08%
	QTWO	A	0.08%
	AUR	C	0.08%
	HOMB	A	0.08%
	HCP	B	0.08%
	ZWS	B	0.08%
	FIVE	F	0.08%
	KBH	D	0.08%
	ZETA	D	0.08%
	UBSI	B	0.08%
	POST	C	0.08%
	ACIW	B	0.08%
	ICUI	D	0.07%
	RKLB	A	0.07%
	FUL	F	0.07%
	ZG	A	0.07%
	LOPE	C	0.07%
	VRRM	F	0.07%
	ABCB	B	0.07%
	VLY	B	0.07%
	MSGS	A	0.07%
	LITE	B	0.07%
	SLGN	A	0.07%
	CWAN	B	0.07%
	MGM	D	0.07%
	RDNT	B	0.07%
	DLB	B	0.07%
	EAT	A	0.07%
	IRT	A	0.07%
	PRCT	B	0.07%
	AL	B	0.07%
	KRYS	C	0.07%
	RARE	F	0.07%
	MGY	A	0.07%
	ORA	B	0.07%
	SBRA	C	0.07%
	GTES	A	0.07%
	BGC	C	0.06%
	MWA	B	0.06%
	UCB	A	0.06%
	AUB	B	0.06%
	ZI	D	0.06%
	NOG	B	0.06%
	STEP	C	0.06%
	IAC	F	0.06%
	CALM	A	0.06%
	CCOI	B	0.06%
	JBT	B	0.06%
	WDFC	B	0.06%
	BROS	A	0.06%
	DXC	B	0.06%
	AXNX	A	0.06%
	CHH	A	0.06%
	SKYW	C	0.06%
	WU	F	0.06%
	IIPR	D	0.06%
	GVA	A	0.06%
	ESGR	B	0.06%
	ALE	A	0.06%
	UPST	B	0.06%
	FELE	B	0.06%
	SPR	D	0.06%
	NEU	D	0.06%
	BOOT	C	0.06%
	FTDR	B	0.06%
	KMPR	A	0.06%
	RXO	D	0.06%
	HL	D	0.06%
	PLXS	B	0.06%
	PNM	B	0.06%
	WHD	B	0.06%
	GHC	B	0.05%
	SFNC	C	0.05%
	NEOG	F	0.05%
	MGRC	B	0.05%
	CRVL	B	0.05%
	AMKR	D	0.05%
	TDW	F	0.05%
	IOVA	F	0.05%
	BHF	C	0.05%
	NSA	C	0.05%
	PTON	A	0.05%
	ATGE	B	0.05%
	WSFS	B	0.05%
	FORM	D	0.05%
	AVA	A	0.05%
	JWN	D	0.05%
	DORM	B	0.05%
	PJT	A	0.05%
	MIR	A	0.05%
	BXMT	C	0.05%
	PENN	C	0.05%
	PAG	B	0.05%
	SMPL	B	0.05%
	NPO	A	0.05%
	CWT	C	0.05%
	RUN	F	0.05%
	ADTN	A	0.05%
	APAM	B	0.05%
	AMED	F	0.05%
	SHOO	F	0.05%
	ENV	B	0.05%
	IRDM	D	0.05%
	SITM	B	0.05%
	BTU	B	0.05%
	CATY	B	0.05%
	EBC	B	0.05%
	PRIM	A	0.05%
	SXT	C	0.05%
	APLE	B	0.05%
	COMP	B	0.05%
	CBU	B	0.05%
	NCNO	C	0.05%
	ESE	B	0.05%
	BEN	C	0.05%
	KTOS	B	0.05%
	MGEE	B	0.05%
	CNK	C	0.05%
	NWE	B	0.05%
	CBZ	B	0.05%
	SGBX	F	0.05%
	BNL	D	0.05%
	ABM	B	0.05%
	SEM	B	0.05%
	AAP	D	0.04%
	TOWN	B	0.04%
	B	A	0.04%
	IPGP	D	0.04%
	AZZ	A	0.04%
	WERN	C	0.04%
	TTMI	C	0.04%
	SXI	B	0.04%
	AMBA	B	0.04%
	SGRY	F	0.04%
	BANR	B	0.04%
	CPRI	F	0.04%
	KYMR	D	0.04%
	OMCL	C	0.04%
	TWST	F	0.04%
	ASTH	F	0.04%
	GT	C	0.04%
	HHH	B	0.04%
	PAYO	A	0.04%
	ENOV	C	0.04%
	CDE	C	0.04%
	PFS	B	0.04%
	DV	C	0.04%
	FFBC	B	0.04%
	HBI	B	0.04%
	ABR	C	0.04%
	RNA	C	0.04%
	CNXC	F	0.04%
	ACVA	B	0.04%
	VSCO	C	0.04%
	GSHD	A	0.04%
	BOKF	B	0.04%
	CRNX	C	0.04%
	MTX	B	0.04%
	VERX	A	0.04%
	SHC	F	0.04%
	HAYW	B	0.04%
	PPBI	C	0.04%
	FRSH	B	0.04%
	PRK	B	0.04%
	URBN	C	0.04%
	SAM	C	0.04%
	AGIO	C	0.04%
	RIOT	C	0.04%
	MQ	D	0.04%
	INDB	B	0.04%
	HUBG	A	0.04%
	LBRT	D	0.04%
	WLK	D	0.04%
	DIOD	D	0.04%
	FIBK	B	0.04%
	AKR	B	0.04%
	COLM	C	0.04%
	TMDX	F	0.04%
	RRR	F	0.04%
	HGV	C	0.04%
	LCID	F	0.04%
	LCII	C	0.04%
	UE	B	0.04%
	UNF	B	0.04%
	DBRG	F	0.04%
	AI	B	0.04%
	REZI	A	0.04%
	HMN	B	0.03%
	LEG	F	0.03%
	GTY	A	0.03%
	HLIO	B	0.03%
	NPAB	F	0.03%
	CABO	B	0.03%
	SCL	C	0.03%
	MLKN	F	0.03%
	RXRX	F	0.03%
	LZB	B	0.03%
	AMC	C	0.03%
	FCF	B	0.03%
	UAA	C	0.03%
	TRIP	F	0.03%
	LEVI	F	0.03%
	TXG	F	0.03%
	ARVN	F	0.03%
	MRCY	C	0.03%
	NVCR	C	0.03%
	LTC	B	0.03%
	JBLU	F	0.03%
	DRH	B	0.03%
	WOLF	F	0.03%
	NWBI	B	0.03%
	THS	D	0.03%
	NBHC	C	0.03%
	KAR	B	0.03%
	PPC	C	0.03%
	PLUG	F	0.03%
	TRUP	B	0.03%
	NEO	C	0.03%
	QS	F	0.03%
	GBX	A	0.03%
	WSBC	B	0.03%
	GNL	F	0.03%
	ALKT	B	0.03%
	PCT	C	0.03%
	CRGY	B	0.03%
	BE	B	0.03%
	ROG	D	0.03%
	VYX	B	0.03%
	CRI	F	0.03%
	ROIC	A	0.03%
	MYGN	F	0.03%
	KNTK	A	0.03%
	NMRK	C	0.03%
	AZTA	D	0.03%
	CGON	F	0.03%
	JJSF	C	0.03%
	IMVT	F	0.03%
	MHO	D	0.03%
	PRVA	C	0.03%
	KMT	B	0.03%
	AIR	B	0.03%
	SMMT	D	0.03%
	PINC	B	0.03%
	LGIH	F	0.03%
	STRA	C	0.03%
	PSMT	D	0.03%
	KWR	C	0.03%
	TNDM	D	0.03%
	FRME	B	0.03%
	IBTX	B	0.03%
	RNST	B	0.03%
	ZD	B	0.03%
	MP	C	0.03%
	LAUR	A	0.03%
	RCM	A	0.03%
	INFA	D	0.03%
	LGF.A	C	0.02%
	SCSC	C	0.02%
	SHLS	F	0.02%
	BV	C	0.02%
	RVLV	A	0.02%
	BRKL	B	0.02%
	DK	C	0.02%
	DNUT	F	0.02%
	DJT	C	0.02%
	RWT	D	0.02%
	AHCO	F	0.02%
	MXL	C	0.02%
	TFIN	B	0.02%
	USM	B	0.02%
	AMRC	F	0.02%
	ALGT	B	0.02%
	WMK	C	0.02%
	JBI	F	0.02%
	INSW	F	0.02%
	ECPG	C	0.02%
	ROCK	C	0.02%
	TRS	B	0.02%
	SNDR	B	0.02%
	NFE	D	0.02%
	CBRL	C	0.02%
	FIZZ	C	0.02%
	MD	C	0.02%
	ACT	C	0.02%
	SDGR	C	0.02%
	FBRT	D	0.02%
	CSR	B	0.02%
	VICR	C	0.02%
	ATSG	B	0.02%
	HTLF	B	0.02%
	VSAT	F	0.02%
	SAFT	B	0.02%
	PLMR	A	0.02%
	CNNE	B	0.02%
	MSGE	F	0.02%
	UTZ	D	0.02%
	CWH	B	0.02%
	IAS	C	0.02%
	PGNY	F	0.02%
	PLAY	D	0.02%
	WWW	A	0.02%
	BHLB	B	0.02%
	PMT	C	0.02%
	SABR	C	0.02%
	AESI	B	0.02%
	PBI	B	0.02%
	ARI	C	0.02%
	CERT	F	0.02%
	AAT	B	0.02%
	FDP	B	0.02%
	SPNT	B	0.02%
	IART	C	0.02%
	LMND	B	0.02%
	HRMY	D	0.02%
	NNI	D	0.02%
	LNN	B	0.02%
	WABC	B	0.02%
	CSGS	B	0.02%
	THRM	F	0.02%
	VRNT	C	0.02%
	SBH	C	0.02%
	MODG	F	0.02%
	ALEX	B	0.02%
	STBA	B	0.02%
	ESRT	C	0.02%
	CODI	B	0.02%
	APPN	B	0.02%
	WT	A	0.02%
	REYN	D	0.02%
	HOPE	C	0.02%
	STAA	F	0.02%
	INFN	D	0.02%
	ENVX	F	0.02%
	VCTR	B	0.02%
	TROX	D	0.02%
	WRBY	A	0.02%
	SMR	B	0.02%
	VRTS	B	0.02%
	NVAX	F	0.02%
	ANDE	D	0.02%
	WKC	C	0.02%
	JBGS	F	0.02%
	ELME	D	0.02%
	BHE	C	0.02%
	FOXF	F	0.02%
	LC	A	0.02%
	FTRE	D	0.02%
	NHC	C	0.02%
	NVRI	D	0.01%
	INN	D	0.01%
	WRLD	C	0.01%
	HGTY	B	0.01%
	ADPT	C	0.01%
	RMR	F	0.01%
	SNCY	C	0.01%
	EE	A	0.01%
	PTVE	B	0.01%
	FWRD	D	0.01%
	OPK	C	0.01%
	TWKS	B	0.01%
	ARHS	F	0.01%
	CCO	C	0.01%
	PAY	A	0.01%
	CLBK	C	0.01%
	HTLD	C	0.01%
	BFS	C	0.01%
	SCHL	F	0.01%
	GDRX	F	0.01%
	CHPT	F	0.01%
	GCMG	B	0.01%
	LGF.A	C	0.01%
	PHR	F	0.01%
	PX	A	0.01%
	IBTA	C	0.01%
	INST	B	0.01%
	CTKB	C	0.01%
	OLO	A	0.01%
	TGI	B	0.01%
	ATUS	B	0.01%
	ULCC	D	0.01%
	RES	D	0.01%
	CDNA	D	0.01%
	FOR	F	0.01%
	MAX	F	0.01%
	NAPA	A	0.01%
	LPRO	B	0.01%
	RCKT	F	0.01%
	SRCL	B	0.01%
	MLNK	C	0.01%
	UWMC	D	0.01%
	PUBM	C	0.01%
	PUMP	C	0.01%
	KELYA	F	0.01%
	NRDS	C	0.01%
	HY	D	0.01%
	UHAL	D	0.01%
	AXL	C	0.01%
	BGS	F	0.01%
	LFST	B	0.01%
	SEMR	C	0.01%
	IBUY	B	0.01%
	RGR	F	0.01%
	KOP	C	0.01%
	HLX	B	0.01%
	LOB	C	0.01%
	SEB	F	0.01%
	MATW	C	0.01%
	NOVA	F	0.01%
	PRLB	B	0.01%
	FA	C	0.01%
	ECVT	C	0.01%
	AMWD	C	0.01%
	SHEN	F	0.01%
	PTLO	F	0.01%
	DFH	D	0.01%
	TFSL	A	0.01%
	ETWO	F	0.01%
	ASTE	C	0.01%
	MCW	C	0.01%
	PCRX	C	0.01%
	CMTG	F	0.01%
	TMP	B	0.01%
	PRAA	D	0.01%
	FG	A	0.01%
	PRA	C	0.01%
	RSI	A	0.01%
	GRC	A	0.01%
	MNRO	D	0.01%
	AGL	F	0.01%
	NABL	F	0.01%
	GSAT	C	0.01%
	HCSG	C	0.01%
	FIGS	F	0.01%
	BJRI	C	0.01%
	EYE	C	0.01%
	CXM	C	0.01%
	VZIO	A	0.01%
	CRK	B	0.01%
	DRVN	B	0.01%
	AVNS	F	0.01%
	RLAY	F	0.01%
	XMTR	B	0.01%
	MMI	C	0.01%
	CLB	B	0.01%
	MRVI	F	0.01%
	FSLY	D	0.01%
	CENX	B	0.01%
	SCWX	C	0.0%
	AC	B	0.0%
	ZNTL	F	0.0%
	ACDC	B	0.0%
	PRME	F	0.0%
	INNV	F	0.0%
	LAZR	D	0.0%
	LDI	C	0.0%
	BRCC	F	0.0%
	SAGE	F	0.0%
	GOGO	C	0.0%
	TASK	C	0.0%
	PL	B	0.0%
	LESL	D	0.0%
	BOWL	C	0.0%
	CENT	C	0.0%
	RUSHB	C	0.0%
	HPK	B	0.0%
	ENFN	B	0.0%
	CMP	C	0.0%
	KRO	C	0.0%
	CRSR	C	0.0%
	VREX	B	0.0%
	SWBI	C	0.0%
	TRTX	C	0.0%
	LASR	D	0.0%
	CRCT	F	0.0%

VB Underweight 156 Positions Relative to SMLF

	Symbol	Grade	Weight
	IBKR	A	-0.45%
	COCO	A	-0.43%
	POWL	C	-0.38%
	CAVA	B	-0.34%
	HSII	B	-0.31%
	FLEX	B	-0.31%
	SPXC	A	-0.3%
	EXE	A	-0.29%
	STRL	A	-0.29%
	SN	D	-0.27%
	CPRX	C	-0.24%
	IMKTA	C	-0.24%
	AZPN	A	-0.21%
	LIVN	F	-0.2%
	MMYT	B	-0.17%
	ACLX	C	-0.17%
	PRKS	B	-0.17%
	JBSS	F	-0.17%
	SRCE	B	-0.16%
	LBTYA	F	-0.15%
	SBGI	B	-0.15%
	ONON	A	-0.15%
	FTAI	A	-0.15%
	IGT	F	-0.14%
	AY	A	-0.14%
	ACCO	C	-0.13%
	BSY	F	-0.12%
	TXNM	A	-0.11%
	LAZ	B	-0.11%
	DFIN	D	-0.11%
	LOVE	A	-0.11%
	MFA	D	-0.11%
	BAND	B	-0.11%
	MCB	B	-0.11%
	ICFI	F	-0.1%
	HOV	D	-0.1%
	AGM	B	-0.1%
	KLIC	B	-0.1%
	ATEN	A	-0.09%
	VERA	C	-0.09%
	LZ	C	-0.09%
	FLG	D	-0.09%
	DVAX	C	-0.09%
	AMLX	C	-0.09%
	CUBI	B	-0.09%
	LILA	D	-0.08%
	NSSC	D	-0.08%
	AGX	B	-0.08%
	ALV	C	-0.08%
	EYPT	D	-0.07%
	AMPH	F	-0.07%
	AMPL	B	-0.07%
	NBR	C	-0.07%
	NTB	B	-0.07%
	DOMO	B	-0.07%
	GCO	C	-0.07%
	PLUS	F	-0.07%
	SNEX	B	-0.07%
	AVXL	B	-0.06%
	AVDX	B	-0.06%
	GPMT	C	-0.06%
	NXT	C	-0.06%
	ILPT	F	-0.06%
	HWKN	B	-0.06%
	CTBI	B	-0.06%
	FUN	C	-0.06%
	WTTR	A	-0.06%
	ADEA	C	-0.06%
	SFL	D	-0.06%
	ADMA	B	-0.06%
	MED	D	-0.06%
	LBTYK	A	-0.05%
	CERS	D	-0.05%
	HOUS	F	-0.05%
	MERC	F	-0.05%
	KOS	D	-0.05%
	TARS	C	-0.05%
	MDXG	B	-0.05%
	WGO	C	-0.05%
	CORZ	B	-0.04%
	LPG	F	-0.04%
	AGS	A	-0.04%
	IDT	B	-0.04%
	TPB	B	-0.04%
	KLG	B	-0.04%
	AGYS	A	-0.04%
	JANX	C	-0.03%
	SWIM	C	-0.03%
	ADT	C	-0.03%
	VNDA	C	-0.03%
	VCEL	B	-0.03%
	OFIX	C	-0.03%
	QDEL	F	-0.03%
	SNBR	F	-0.03%
	RYI	C	-0.03%
	IESC	C	-0.03%
	ACCD	D	-0.03%
	VITL	D	-0.03%
	CGEM	F	-0.03%
	IVR	F	-0.03%
	SPRY	C	-0.03%
	RKT	F	-0.03%
	UVE	B	-0.03%
	NRC	F	-0.03%
	RXT	C	-0.02%
	ERAS	C	-0.02%
	SLVM	B	-0.02%
	TSE	F	-0.02%
	KVYO	C	-0.02%
	ARCT	F	-0.02%
	OMER	A	-0.02%
	BRY	F	-0.02%
	QRTEA	F	-0.02%
	GPRO	F	-0.02%
	SAFE	F	-0.02%
	KRNY	C	-0.02%
	ALAB	B	-0.02%
	EVRI	A	-0.02%
	OPI	F	-0.02%
	MTW	C	-0.02%
	DBI	F	-0.02%
	LMAT	A	-0.02%
	CLVT	D	-0.02%
	CRSP	D	-0.02%
	TLRY	F	-0.02%
	SITC	D	-0.02%
	TWO	F	-0.02%
	SNDX	F	-0.02%
	AKRO	B	-0.02%
	PGEN	F	-0.01%
	ARR	D	-0.01%
	SFIX	B	-0.01%
	FLWS	D	-0.01%
	MBC	F	-0.01%
	MLAB	F	-0.01%
	UTL	B	-0.01%
	WTI	F	-0.01%
	CRAI	C	-0.01%
	MITK	C	-0.01%
	TTGT	B	-0.01%
	HCAT	D	-0.01%
	OIS	B	-0.01%
	ENVA	B	-0.01%
	HMST	F	-0.01%
	STGW	A	-0.01%
	BSIG	A	-0.01%
	MBLY	C	-0.01%
	OSUR	F	-0.01%
	NEXA	B	-0.01%
	NFBK	C	-0.01%
	MAGN	D	-0.0%
	GDOT	D	-0.0%
	PFBC	B	-0.0%
	CASH	B	-0.0%
	TBBK	B	-0.0%
	PRDO	B	-0.0%

VB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Biotechnology Diversified Industrials Software - Infrastructure Asset Management REIT - Diversified Business Services Information Technology Services Specialty Chemicals Specialty Retail Building Materials Oil & Gas E&P Packaged Foods REIT - Retail Oil & Gas Equipment & Services Diagnostics & Research Restaurants Semiconductors Apparel Manufacturing

Keywords: Bank Banking Real Estate Investment Trust S&P 500 Computing Insurance Medicine Chemical Natural Gas Mining Deposit Products Aerospace Construction Telecommunications Biopharmaceutical Electronics Biotechnology Transport Commercial Banking Real Estate Loans

SMLF: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Banks - Regional - US Software - Infrastructure Diversified Industrials Specialty Retail Oil & Gas E&P REIT - Office Building Materials Asset Management Business Services REIT - Diversified Engineering & Construction REIT - Retail Specialty Chemicals Leisure Medical Instruments & Supplies Rental & Leasing Services Credit Services Drug Manufacturers - Specialty & Generic

Keywords: Banking Bank Real Estate Investment Trust Medicine Computing Chemical Biopharmaceutical Mining Natural Gas Telecommunications Biotechnology Deposit Products Construction Electronics Aerospace IBD 50 Insurance Semiconductor Cancer Commercial Banking