VBR vs. AVMV ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Avantis U.S. Mid Cap Value ETF (AVMV)

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

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

$213.68

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

AVMV

Avantis U.S. Mid Cap Value ETF

AVMV Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to achieve higher expected returns by selecting securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$70.43

Average Daily Volume

7,214

Number of Holdings ^*

236

* may have additional holdings in another (foreign) market

Performance

Period	VBR	AVMV
30 Days	5.18%	7.26%
60 Days	6.13%	9.58%
90 Days	7.24%	11.08%
12 Months	32.19%	36.21%

116 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in AVMV	Overlap
ACT	C	0.03%	0.04%	0.03%
AES	F	0.34%	0.18%	0.18%
AFG	A	0.28%	0.35%	0.28%
AGCO	D	0.19%	0.23%	0.19%
AIT	B	0.26%	0.41%	0.26%
ALLY	C	0.28%	0.36%	0.28%
AM	A	0.14%	0.18%	0.14%
AMKR	D	0.08%	0.12%	0.08%
ANF	F	0.2%	0.14%	0.14%
APA	D	0.26%	0.22%	0.22%
AR	B	0.11%	0.08%	0.08%
ARW	D	0.18%	0.22%	0.18%
ATKR	D	0.09%	0.0%	0.0%
ATR	B	0.33%	0.39%	0.33%
AXS	A	0.17%	0.26%	0.17%
AYI	B	0.27%	0.38%	0.27%
BC	C	0.15%	0.21%	0.15%
BG	D	0.35%	0.2%	0.2%
BJ	A	0.33%	0.2%	0.2%
BLDR	D	0.58%	0.27%	0.27%
BOKF	B	0.07%	0.09%	0.07%
BPOP	C	0.19%	0.24%	0.19%
BWA	D	0.22%	0.3%	0.22%
BYD	B	0.07%	0.15%	0.07%
CBSH	B	0.21%	0.24%	0.21%
CFR	B	0.21%	0.28%	0.21%
CHRD	D	0.23%	0.19%	0.19%
CHRW	B	0.34%	0.18%	0.18%
CLF	F	0.18%	0.24%	0.18%
CMA	B	0.25%	0.36%	0.25%
CMC	B	0.18%	0.28%	0.18%
CSL	C	0.57%	0.94%	0.57%
CWEN	C	0.03%	0.02%	0.02%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.07%	0.01%	0.01%
CWEN	C	0.03%	0.01%	0.01%
DCI	B	0.26%	0.34%	0.26%
DDS	B	0.05%	0.06%	0.05%
DINO	D	0.18%	0.0%	0.0%
DKS	D	0.23%	0.29%	0.23%
EME	A	0.61%	0.97%	0.61%
EMN	C	0.36%	0.42%	0.36%
EQH	C	0.42%	0.59%	0.42%
ESNT	F	0.18%	0.19%	0.18%
EVR	B	0.28%	0.21%	0.21%
EWBC	A	0.39%	0.52%	0.39%
FCNCA	A	0.61%	0.27%	0.27%
FHN	A	0.27%	0.21%	0.21%
FYBR	C	0.26%	0.18%	0.18%
GAP	C	0.15%	0.21%	0.15%
GL	C	0.28%	0.32%	0.28%
GPK	C	0.25%	0.27%	0.25%
INGR	C	0.25%	0.32%	0.25%
JAZZ	B	0.19%	0.3%	0.19%
JBL	C	0.39%	0.73%	0.39%
KMX	B	0.33%	0.46%	0.33%
LEA	F	0.16%	0.21%	0.16%
MHK	D	0.21%	0.19%	0.19%
MLI	B	0.27%	0.41%	0.27%
MOS	F	0.25%	0.24%	0.24%
MSM	C	0.1%	0.07%	0.07%
MTG	C	0.19%	0.24%	0.19%
MTH	D	0.19%	0.15%	0.15%
MUR	D	0.13%	0.19%	0.13%
MUSA	B	0.26%	0.45%	0.26%
NCLH	B	0.16%	0.41%	0.16%
NSIT	F	0.17%	0.22%	0.17%
OC	A	0.45%	0.78%	0.45%
OLN	F	0.14%	0.18%	0.14%
OMF	A	0.17%	0.23%	0.17%
ORI	A	0.24%	0.32%	0.24%
OVV	B	0.3%	0.46%	0.3%
OZK	B	0.14%	0.18%	0.14%
PFGC	B	0.37%	0.33%	0.33%
PII	F	0.11%	0.03%	0.03%
PNFP	B	0.11%	0.11%	0.11%
PR	B	0.13%	0.27%	0.13%
PRI	B	0.27%	0.38%	0.27%
PTEN	C	0.09%	0.0%	0.0%
R	B	0.18%	0.36%	0.18%
RGA	A	0.41%	0.5%	0.41%
RHI	C	0.2%	0.3%	0.2%
RL	C	0.22%	0.29%	0.22%
RPM	A	0.48%	0.65%	0.48%
RRC	B	0.2%	0.29%	0.2%
RS	B	0.46%	0.69%	0.46%
SEIC	B	0.26%	0.11%	0.11%
SF	B	0.29%	0.37%	0.29%
SFM	A	0.38%	0.56%	0.38%
SM	B	0.07%	0.21%	0.07%
SNX	D	0.22%	0.2%	0.2%
SON	F	0.15%	0.18%	0.15%
SSB	B	0.22%	0.02%	0.02%
STLD	B	0.28%	0.91%	0.28%
SW	A	0.78%	0.03%	0.03%
TAP	C	0.28%	0.41%	0.28%
THO	B	0.15%	0.23%	0.15%
TKR	D	0.15%	0.17%	0.15%
TMHC	C	0.2%	0.24%	0.2%
TOL	B	0.44%	0.67%	0.44%
TPR	B	0.32%	0.29%	0.29%
UFPI	C	0.21%	0.37%	0.21%
UHAL	D	0.02%	0.02%	0.02%
UHAL	D	0.02%	0.24%	0.02%
UHAL	D	0.19%	0.24%	0.19%
UHAL	D	0.19%	0.02%	0.02%
UHS	D	0.34%	0.13%	0.13%
UNM	A	0.28%	0.42%	0.28%
UTHR	C	0.49%	0.64%	0.49%
WAL	B	0.25%	0.41%	0.25%
WBS	A	0.26%	0.36%	0.26%
WLK	D	0.07%	0.17%	0.07%
WSM	C	0.39%	0.81%	0.39%
WTFC	A	0.23%	0.29%	0.23%
X	B	0.23%	0.35%	0.23%
ZION	B	0.22%	0.38%	0.22%

VBR Overweight 682 Positions Relative to AVMV

Symbol	Grade	Weight
BAH	F	0.69%
ATO	A	0.58%
NRG	B	0.55%
PNR	A	0.48%
KIM	A	0.47%
IEX	C	0.47%
USFD	A	0.44%
THC	D	0.43%
ACM	B	0.42%
FFIV	B	0.4%
RNR	C	0.4%
JLL	D	0.38%
REG	A	0.38%
GLPI	C	0.38%
TTEK	F	0.38%
JNPR	D	0.37%
ALLE	C	0.36%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
SJM	D	0.34%
CG	B	0.34%
SCI	B	0.33%
CCK	D	0.33%
ITT	A	0.33%
BXP	C	0.33%
HUBB	B	0.33%
OHI	C	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	B	0.3%
FBIN	D	0.3%
AA	A	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	A	0.29%
EHC	B	0.29%
SOLV	D	0.29%
WCC	B	0.28%
TFX	F	0.28%
WTRG	B	0.28%
LKQ	F	0.28%
JEF	A	0.27%
Z	A	0.27%
FRT	B	0.27%
ALSN	B	0.27%
DTM	A	0.26%
AAL	B	0.26%
LAD	A	0.26%
HSIC	C	0.26%
KBR	F	0.26%
FLR	B	0.26%
APG	B	0.25%
GME	C	0.25%
NYT	D	0.25%
HAS	D	0.25%
VFC	C	0.24%
FMC	D	0.24%
BRX	A	0.24%
AXTA	B	0.24%
HRB	D	0.24%
EGP	D	0.24%
DOC	C	0.23%
NI	A	0.23%
VOYA	B	0.23%
NNN	C	0.23%
KNX	C	0.23%
OGE	A	0.23%
SAIC	F	0.22%
IVZ	B	0.22%
ADC	A	0.22%
VNO	C	0.22%
JXN	C	0.22%
CR	A	0.22%
BERY	C	0.22%
ESAB	C	0.21%
COHR	B	0.21%
XPO	B	0.21%
HII	F	0.21%
AGNC	C	0.21%
MKSI	C	0.2%
QRVO	F	0.2%
RLI	A	0.2%
STAG	D	0.2%
G	B	0.2%
SNV	C	0.2%
FLS	B	0.2%
MAT	D	0.2%
BIO	C	0.2%
FR	D	0.2%
MIDD	C	0.2%
FCN	F	0.2%
LUMN	C	0.19%
EVRG	A	0.19%
PB	B	0.19%
KEX	B	0.19%
OSK	C	0.19%
ALK	B	0.18%
CADE	B	0.18%
ONB	C	0.18%
MSA	F	0.18%
BBWI	C	0.18%
ELAN	D	0.18%
LPX	B	0.18%
STWD	C	0.18%
FAF	A	0.18%
VMI	B	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	C	0.17%
SRCL	B	0.17%
ACI	C	0.17%
LAMR	C	0.17%
PARA	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	C	0.17%
CRUS	D	0.17%
ESI	B	0.17%
CBT	D	0.17%
GBCI	B	0.17%
LNC	C	0.17%
COLB	B	0.17%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	0.16%
KNF	B	0.16%
IDA	A	0.16%
SIGI	C	0.16%
NFG	A	0.16%
TPG	A	0.16%
ALB	B	0.16%
MDU	D	0.16%
KBH	D	0.15%
UBSI	B	0.15%
UGI	C	0.15%
PSN	D	0.15%
BCC	B	0.15%
ST	F	0.15%
VVV	D	0.15%
MATX	C	0.15%
FNB	A	0.15%
WTS	B	0.15%
AN	C	0.15%
RDN	D	0.15%
JHG	B	0.15%
KD	B	0.15%
GPI	B	0.14%
BDC	C	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
KRC	B	0.14%
KTB	B	0.14%
PIPR	A	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OGN	F	0.14%
AUR	C	0.14%
POR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
HOMB	A	0.14%
GATX	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
BCO	F	0.13%
WTM	A	0.13%
EAT	A	0.13%
FFIN	B	0.13%
LYFT	C	0.13%
AL	B	0.13%
SWX	B	0.13%
HWC	B	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
ABG	C	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
ICUI	D	0.12%
FUL	F	0.12%
M	F	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	0.12%
EDR	A	0.12%
HASI	D	0.12%
VLY	B	0.12%
BKH	A	0.12%
SLGN	A	0.12%
ITGR	B	0.12%
AGO	B	0.12%
CRC	A	0.12%
MGM	D	0.12%
FLO	D	0.12%
SEE	C	0.12%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	0.11%
HUN	F	0.11%
SKYW	C	0.11%
CDP	C	0.11%
SKT	A	0.11%
WU	F	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	B	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
SMG	C	0.11%
ACHC	F	0.11%
NUVL	C	0.11%
HOG	D	0.11%
KMPR	A	0.11%
HL	D	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ENS	F	0.11%
ASGN	F	0.11%
ASH	F	0.11%
PLXS	B	0.11%
PNM	B	0.11%
BEN	C	0.1%
WBA	F	0.1%
MGEE	B	0.1%
NWE	B	0.1%
PCH	F	0.1%
OTTR	C	0.1%
TEX	F	0.1%
FULT	A	0.1%
WEN	D	0.1%
HCC	B	0.1%
BNL	D	0.1%
ABM	B	0.1%
SEM	B	0.1%
BGC	C	0.1%
NHI	D	0.1%
UCB	A	0.1%
AUB	B	0.1%
ASB	B	0.1%
IBOC	B	0.1%
EPR	C	0.1%
CNO	B	0.1%
AEO	F	0.1%
IAC	F	0.1%
NWL	C	0.1%
PRGO	C	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
RUSHA	C	0.1%
HIW	C	0.1%
TCBI	C	0.1%
DXC	B	0.1%
GNW	A	0.09%
WSFS	B	0.09%
AVA	A	0.09%
JWN	D	0.09%
BRC	D	0.09%
DEI	B	0.09%
MAN	F	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PAG	B	0.09%
NPO	A	0.09%
ADTN	A	0.09%
APAM	B	0.09%
AWR	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	C	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	C	0.09%
FHB	B	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	C	0.09%
APLE	B	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	A	0.09%
FHI	B	0.09%
ESE	B	0.09%
FIBK	B	0.08%
AKR	B	0.08%
CVBF	A	0.08%
COTY	F	0.08%
CXT	C	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
NSP	F	0.08%
PBF	D	0.08%
TDS	B	0.08%
IOSP	C	0.08%
UE	B	0.08%
UNF	B	0.08%
CC	C	0.08%
TGNA	B	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	B	0.08%
PK	C	0.08%
WAFD	B	0.08%
SFNC	C	0.08%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	C	0.08%
TRN	B	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	C	0.08%
ATGE	B	0.08%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	C	0.07%
PFS	B	0.07%
PECO	A	0.07%
FFBC	B	0.07%
HBI	B	0.07%
RNA	C	0.07%
CNXC	F	0.07%
VSCO	C	0.07%
SPB	C	0.07%
DY	D	0.07%
MTX	B	0.07%
VAC	C	0.07%
HAYW	B	0.07%
PPBI	C	0.07%
ARCB	C	0.07%
BFH	C	0.07%
BXMT	C	0.07%
OUT	A	0.07%
PRK	B	0.07%
URBN	C	0.07%
ARCH	B	0.07%
INDB	B	0.07%
HUBG	A	0.07%
PFSI	C	0.07%
POST	C	0.07%
VIRT	A	0.07%
NMRK	C	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	C	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	D	0.06%
PHIN	A	0.06%
HI	C	0.06%
BLKB	B	0.06%
KSS	F	0.06%
KMT	B	0.06%
BANF	B	0.06%
MHO	D	0.06%
NBTB	B	0.06%
AIR	B	0.06%
WLY	B	0.06%
GEO	B	0.06%
EQC	B	0.06%
PINC	B	0.06%
SMMT	D	0.06%
STRA	C	0.06%
PSMT	D	0.06%
SFBS	C	0.06%
ZG	A	0.06%
VIAV	C	0.06%
SHO	D	0.06%
IBTX	B	0.06%
HURN	C	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	B	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	F	0.06%
CAKE	C	0.06%
AIN	C	0.06%
INFA	D	0.06%
IVT	A	0.06%
AAP	D	0.06%
TOWN	B	0.06%
B	A	0.06%
OSIS	A	0.06%
IPGP	D	0.06%
AZZ	A	0.06%
WERN	C	0.06%
TTMI	C	0.06%
JOBY	B	0.06%
SXI	B	0.06%
FL	F	0.06%
BANR	B	0.06%
HNI	B	0.06%
CPRI	F	0.06%
SCL	C	0.05%
SHOO	F	0.05%
MLKN	F	0.05%
LZB	B	0.05%
FCF	B	0.05%
UAA	C	0.05%
HEES	C	0.05%
CHCO	B	0.05%
CNK	C	0.05%
APOG	C	0.05%
LTC	B	0.05%
PDCO	F	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
THS	D	0.05%
NBHC	C	0.05%
GOLF	B	0.05%
PZZA	F	0.05%
KAR	B	0.05%
PPC	C	0.05%
EPC	F	0.05%
OI	C	0.05%
STEP	C	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	B	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	C	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
CRI	F	0.05%
EIG	B	0.04%
PBI	B	0.04%
ARI	C	0.04%
AAT	B	0.04%
FDP	B	0.04%
DYN	F	0.04%
PDM	D	0.04%
SPNT	B	0.04%
IART	C	0.04%
VC	F	0.04%
WS	C	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
COLM	C	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	F	0.04%
WABC	B	0.04%
CSGS	B	0.04%
REVG	C	0.04%
VRNT	C	0.04%
CAR	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
ALEX	B	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	C	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	A	0.04%
REYN	D	0.04%
HOPE	C	0.04%
NTCT	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
AMN	F	0.04%
CXW	C	0.04%
SMR	B	0.04%
HELE	C	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	C	0.04%
ANDE	D	0.04%
JBGS	F	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	C	0.04%
HP	C	0.04%
CENTA	C	0.04%
LC	A	0.04%
FTRE	D	0.04%
HMN	B	0.04%
NGVT	B	0.04%
NHC	C	0.04%
GEF	A	0.04%
LEG	F	0.04%
GTY	A	0.04%
HLIO	B	0.04%
NPAB	F	0.04%
CABO	B	0.04%
AVNS	F	0.03%
MMI	C	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
SCSC	C	0.03%
BV	C	0.03%
OMI	F	0.03%
JACK	C	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	F	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
CARS	C	0.03%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	C	0.03%
TRS	B	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	C	0.03%
KFRC	D	0.03%
FBRT	D	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	F	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	F	0.03%
SAFT	B	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
MSGE	F	0.03%
KALU	C	0.03%
AIV	C	0.03%
JELD	F	0.03%
UNFI	A	0.03%
WOR	F	0.03%
VSTO	A	0.03%
GIII	D	0.03%
WWW	A	0.03%
BHLB	B	0.03%
PMT	C	0.03%
BKD	F	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	B	0.02%
DAWN	D	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	A	0.02%
CWH	B	0.02%
BASE	B	0.02%
HPP	F	0.02%
PUMP	C	0.02%
KELYA	F	0.02%
HY	D	0.02%
AXL	C	0.02%
BGS	F	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	C	0.02%
MODG	F	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	C	0.02%
PRLB	B	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	C	0.02%
CFFN	C	0.02%
PCRX	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	C	0.02%
PRAA	D	0.02%
FG	A	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	D	0.02%
BRSP	C	0.02%
MATV	D	0.02%
HCSG	C	0.02%
LEVI	F	0.02%
EMBC	C	0.02%
EYE	C	0.02%
DLX	B	0.02%
BDN	C	0.02%
JBLU	F	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	B	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
KRO	C	0.01%
TGI	B	0.01%
VREX	B	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	D	0.01%
TRTX	C	0.01%
SRCL	B	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	D	0.01%
INN	D	0.01%
RUSHB	C	0.01%
WRLD	C	0.01%
VMEO	B	0.01%
RMR	F	0.01%
EGBN	B	0.01%
GRC	A	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	0.01%
PTVE	B	0.01%
BJRI	C	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	C	0.01%
HTLD	C	0.01%
ARRY	F	0.01%
BFS	C	0.01%
SCHL	F	0.01%
DJT	C	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
CAL	F	0.01%
GES	F	0.01%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
ACDC	B	0.0%
TASK	C	0.0%
LESL	D	0.0%
LDI	C	0.0%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 124 Positions Relative to AVMV

Symbol	Grade	Weight
RCL	A	-2.24%
VST	A	-2.2%
URI	C	-1.93%
TRGP	A	-1.36%
HIG	B	-1.29%
UAL	A	-1.19%
CCL	A	-1.14%
PHM	D	-1.14%
ACGL	C	-1.13%
GLW	B	-1.12%
MTB	A	-1.12%
FITB	B	-1.08%
ON	D	-1.07%
RJF	A	-1.05%
DECK	A	-1.0%
BKR	A	-0.98%
SYF	B	-0.95%
TPL	A	-0.88%
HBAN	A	-0.88%
PKG	A	-0.87%
STT	B	-0.86%
KR	B	-0.85%
TSCO	D	-0.84%
LII	A	-0.84%
TROW	B	-0.83%
LYB	F	-0.83%
RF	A	-0.81%
DVN	F	-0.79%
LPLA	A	-0.75%
EXPD	C	-0.72%
DRI	B	-0.72%
IP	A	-0.72%
ADM	D	-0.72%
NTRS	A	-0.69%
FLEX	B	-0.69%
NVR	D	-0.69%
CFG	B	-0.67%
SNA	A	-0.67%
DOW	F	-0.67%
BBY	D	-0.67%
CF	A	-0.65%
DFS	B	-0.63%
EQT	B	-0.62%
EBAY	D	-0.62%
FSLR	F	-0.61%
MRO	B	-0.61%
CTRA	B	-0.6%
JBHT	C	-0.59%
MANH	D	-0.59%
CASY	A	-0.58%
FIX	A	-0.57%
WRB	A	-0.56%
VTRS	A	-0.56%
GGG	B	-0.55%
SAIA	B	-0.52%
CVNA	B	-0.52%
SWKS	F	-0.5%
EG	C	-0.5%
POOL	C	-0.49%
L	A	-0.49%
FOXA	A	-0.48%
FTI	A	-0.45%
IDXX	F	-0.45%
ULTA	F	-0.44%
CLH	C	-0.44%
BWXT	B	-0.44%
HAL	C	-0.43%
EXP	B	-0.42%
LECO	C	-0.42%
WBD	B	-0.42%
TXRH	B	-0.4%
WMS	F	-0.4%
BALL	F	-0.38%
BURL	B	-0.37%
KNSL	B	-0.37%
DG	F	-0.33%
AOS	F	-0.33%
SSD	F	-0.32%
LNG	A	-0.32%
FND	D	-0.32%
GPC	D	-0.3%
NUE	C	-0.3%
ENSG	C	-0.29%
TREX	C	-0.28%
MKL	A	-0.28%
ALV	C	-0.28%
ATI	C	-0.27%
LSTR	D	-0.27%
DLTR	F	-0.27%
CNC	D	-0.27%
LUV	C	-0.26%
FANG	C	-0.25%
MTDR	B	-0.25%
COKE	C	-0.25%
FOX	A	-0.24%
LULU	C	-0.24%
WFRD	D	-0.22%
CHX	C	-0.21%
PFG	D	-0.19%
CIVI	D	-0.18%
CHDN	B	-0.17%
MGY	A	-0.16%
APTV	F	-0.16%
FAST	B	-0.16%
NEU	D	-0.15%
LVS	B	-0.15%
CROX	D	-0.13%
ENLC	A	-0.13%
KEY	B	-0.12%
EL	F	-0.12%
MKTX	D	-0.1%
QLYS	B	-0.09%
HESM	B	-0.08%
JKHY	D	-0.06%
CPNG	D	-0.05%
DAL	B	-0.03%
CNA	C	-0.03%
LNTH	D	-0.02%
CACC	D	-0.01%
MLM	C	-0.01%
NFE	D	-0.0%
FIZZ	C	-0.0%
VAL	F	-0.0%
CLVT	D	-0.0%