VBR vs. BBMC ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC)

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

$213.47

Average Daily Volume

424,590

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the MorningstarÂ® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$103.59

Average Daily Volume

37,279

Number of Holdings ^*

571

* may have additional holdings in another (foreign) market

Performance

Period	VBR	BBMC
30 Days	7.07%	9.15%
60 Days	7.22%	9.85%
90 Days	8.68%	11.48%
12 Months	33.95%	34.64%

336 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in BBMC	Overlap
AA	B	0.3%	0.27%	0.27%
AAL	B	0.26%	0.22%	0.22%
AAP	C	0.06%	0.06%	0.06%
ABG	B	0.13%	0.13%	0.13%
ACA	A	0.13%	0.13%	0.13%
ACHC	F	0.11%	0.09%	0.09%
ACM	A	0.42%	0.37%	0.37%
ACT	D	0.03%	0.02%	0.02%
ADC	B	0.22%	0.18%	0.18%
ADTN	A	0.09%	0.06%	0.06%
AGCO	D	0.19%	0.15%	0.15%
AGNC	D	0.21%	0.19%	0.19%
AGO	B	0.12%	0.12%	0.12%
AIT	A	0.26%	0.26%	0.26%
AIZ	A	0.29%	0.29%	0.29%
AL	B	0.13%	0.13%	0.13%
ALE	A	0.11%	0.09%	0.09%
ALIT	C	0.08%	0.08%	0.08%
ALK	C	0.18%	0.17%	0.17%
ALLY	C	0.28%	0.24%	0.24%
ALSN	B	0.27%	0.26%	0.26%
AM	A	0.14%	0.13%	0.13%
AMG	B	0.16%	0.15%	0.15%
AMKR	D	0.08%	0.08%	0.08%
AN	C	0.15%	0.11%	0.11%
ANF	C	0.2%	0.18%	0.18%
APG	B	0.25%	0.17%	0.17%
APLE	B	0.09%	0.09%	0.09%
AR	B	0.11%	0.24%	0.11%
ARMK	B	0.29%	0.24%	0.24%
ARW	D	0.18%	0.15%	0.15%
ASGN	F	0.11%	0.1%	0.1%
ASH	D	0.11%	0.09%	0.09%
ASO	F	0.11%	0.09%	0.09%
ATKR	C	0.09%	0.08%	0.08%
ATR	B	0.33%	0.27%	0.27%
AVA	A	0.09%	0.08%	0.08%
AVNT	B	0.12%	0.12%	0.12%
AVT	C	0.14%	0.12%	0.12%
AWR	B	0.09%	0.08%	0.08%
AXS	A	0.17%	0.17%	0.17%
AXTA	A	0.24%	0.21%	0.21%
AYI	B	0.27%	0.25%	0.25%
AZTA	D	0.06%	0.05%	0.05%
BBWI	D	0.18%	0.18%	0.18%
BC	C	0.15%	0.14%	0.14%
BDC	B	0.14%	0.12%	0.12%
BECN	B	0.17%	0.17%	0.17%
BERY	B	0.22%	0.19%	0.19%
BHF	B	0.08%	0.08%	0.08%
BIO	D	0.2%	0.16%	0.16%
BJ	A	0.33%	0.27%	0.27%
BKH	A	0.12%	0.11%	0.11%
BLKB	B	0.06%	0.09%	0.06%
BOKF	B	0.07%	0.07%	0.07%
BPOP	B	0.19%	0.17%	0.17%
BRX	A	0.24%	0.22%	0.22%
BTU	B	0.09%	0.08%	0.08%
BWA	D	0.22%	0.2%	0.2%
BXMT	C	0.07%	0.07%	0.07%
BYD	C	0.07%	0.12%	0.07%
CACI	D	0.36%	0.25%	0.25%
CADE	B	0.18%	0.17%	0.17%
CAR	C	0.04%	0.04%	0.04%
CBSH	A	0.21%	0.23%	0.21%
CBT	C	0.17%	0.15%	0.15%
CC	C	0.08%	0.07%	0.07%
CFR	B	0.21%	0.21%	0.21%
CHRD	D	0.23%	0.2%	0.2%
CHRW	C	0.34%	0.32%	0.32%
CLF	F	0.18%	0.14%	0.14%
CMA	A	0.25%	0.23%	0.23%
CMC	B	0.18%	0.17%	0.17%
CNXC	F	0.07%	0.04%	0.04%
COHR	B	0.21%	0.36%	0.21%
COLB	A	0.17%	0.16%	0.16%
COLM	B	0.04%	0.07%	0.04%
COOP	B	0.16%	0.15%	0.15%
COTY	F	0.08%	0.07%	0.07%
CPRI	F	0.06%	0.06%	0.06%
CR	A	0.22%	0.21%	0.21%
CRC	B	0.12%	0.08%	0.08%
CRUS	D	0.17%	0.14%	0.14%
CSL	C	0.57%	0.51%	0.51%
CUZ	B	0.14%	0.11%	0.11%
CWEN	C	0.07%	0.06%	0.06%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.03%	0.06%	0.03%
CWEN	C	0.03%	0.02%	0.02%
DCI	B	0.26%	0.23%	0.23%
DDS	B	0.05%	0.04%	0.04%
DINO	D	0.18%	0.18%	0.18%
DJT	C	0.01%	0.04%	0.01%
DKS	C	0.23%	0.29%	0.23%
DNB	B	0.12%	0.08%	0.08%
DTM	B	0.26%	0.25%	0.25%
DVA	B	0.17%	0.2%	0.17%
DXC	B	0.1%	0.09%	0.09%
EDR	A	0.12%	0.14%	0.12%
EGP	F	0.24%	0.21%	0.21%
EHC	B	0.29%	0.25%	0.25%
ELAN	D	0.18%	0.17%	0.17%
EME	C	0.61%	0.59%	0.59%
ENOV	C	0.07%	0.06%	0.06%
ENS	D	0.11%	0.1%	0.1%
EPR	D	0.1%	0.08%	0.08%
ESAB	B	0.21%	0.17%	0.17%
ESGR	B	0.11%	0.09%	0.09%
ESI	A	0.17%	0.16%	0.16%
ESNT	D	0.18%	0.15%	0.15%
EVR	B	0.28%	0.27%	0.27%
FAF	A	0.18%	0.17%	0.17%
FBIN	D	0.3%	0.23%	0.23%
FCN	D	0.2%	0.17%	0.17%
FFIN	B	0.13%	0.15%	0.13%
FHI	A	0.09%	0.09%	0.09%
FHN	A	0.27%	0.28%	0.27%
FLO	D	0.12%	0.11%	0.11%
FLR	B	0.26%	0.23%	0.23%
FLS	B	0.2%	0.2%	0.2%
FMC	D	0.24%	0.17%	0.17%
FNB	A	0.15%	0.15%	0.15%
FR	C	0.2%	0.16%	0.16%
FRT	B	0.27%	0.23%	0.23%
FUL	F	0.12%	0.1%	0.1%
FYBR	D	0.26%	0.16%	0.16%
G	B	0.2%	0.17%	0.17%
GAP	C	0.15%	0.12%	0.12%
GATX	A	0.14%	0.13%	0.13%
GBCI	B	0.17%	0.16%	0.16%
GEF	A	0.04%	0.04%	0.04%
GEF	A	0.0%	0.04%	0.0%
GL	B	0.28%	0.25%	0.25%
GLPI	C	0.38%	0.32%	0.32%
GME	C	0.25%	0.26%	0.25%
GOLF	B	0.05%	0.05%	0.05%
GPI	A	0.14%	0.14%	0.14%
GPK	C	0.25%	0.22%	0.22%
GT	C	0.07%	0.07%	0.07%
GTES	A	0.13%	0.1%	0.1%
HAS	D	0.25%	0.2%	0.2%
HI	C	0.06%	0.06%	0.06%
HL	D	0.11%	0.08%	0.08%
HOG	D	0.11%	0.11%	0.11%
HOMB	A	0.14%	0.15%	0.14%
HP	B	0.04%	0.08%	0.04%
HRB	D	0.24%	0.21%	0.21%
HSIC	B	0.26%	0.24%	0.24%
HUN	F	0.11%	0.08%	0.08%
HWC	B	0.13%	0.12%	0.12%
IAC	D	0.1%	0.09%	0.09%
IDA	A	0.16%	0.15%	0.15%
IMVT	F	0.06%	0.04%	0.04%
INFA	D	0.06%	0.08%	0.06%
INGR	B	0.25%	0.23%	0.23%
IPGP	D	0.06%	0.06%	0.06%
ITT	A	0.33%	0.32%	0.32%
IVZ	B	0.22%	0.14%	0.14%
JAZZ	B	0.19%	0.19%	0.19%
JBL	B	0.39%	0.35%	0.35%
JEF	A	0.27%	0.3%	0.27%
JHG	A	0.15%	0.14%	0.14%
JLL	D	0.38%	0.31%	0.31%
JXN	C	0.22%	0.18%	0.18%
KBH	D	0.15%	0.13%	0.13%
KBR	F	0.26%	0.2%	0.2%
KD	B	0.15%	0.16%	0.15%
KEX	C	0.19%	0.19%	0.19%
KMPR	B	0.11%	0.11%	0.11%
KNX	B	0.23%	0.21%	0.21%
KRC	C	0.14%	0.11%	0.11%
KWR	C	0.03%	0.06%	0.03%
LAD	A	0.26%	0.26%	0.26%
LAMR	D	0.17%	0.28%	0.17%
LEA	D	0.16%	0.14%	0.14%
LNC	B	0.17%	0.15%	0.15%
LPX	B	0.18%	0.19%	0.18%
LYFT	C	0.13%	0.15%	0.13%
M	D	0.12%	0.1%	0.1%
MAN	D	0.09%	0.07%	0.07%
MAT	D	0.2%	0.16%	0.16%
MDGL	B	0.14%	0.12%	0.12%
MDU	D	0.16%	0.09%	0.09%
MHK	D	0.21%	0.18%	0.18%
MIDD	C	0.2%	0.18%	0.18%
MKSI	C	0.2%	0.16%	0.16%
MLI	C	0.27%	0.25%	0.25%
MODG	F	0.02%	0.03%	0.02%
MPW	F	0.08%	0.06%	0.06%
MSA	D	0.18%	0.16%	0.16%
MSM	C	0.1%	0.09%	0.09%
MTG	C	0.19%	0.17%	0.17%
MTH	D	0.19%	0.16%	0.16%
MTZ	B	0.11%	0.21%	0.11%
MUR	D	0.13%	0.13%	0.13%
MUSA	A	0.26%	0.26%	0.26%
NCLH	B	0.16%	0.28%	0.16%
NFG	A	0.16%	0.14%	0.14%
NJR	A	0.13%	0.12%	0.12%
NNN	D	0.23%	0.2%	0.2%
NSIT	F	0.17%	0.1%	0.1%
NSP	D	0.08%	0.07%	0.07%
NVST	B	0.11%	0.09%	0.09%
NVT	B	0.36%	0.3%	0.3%
NWE	B	0.1%	0.08%	0.08%
NWL	B	0.1%	0.09%	0.09%
NXST	C	0.16%	0.13%	0.13%
NYT	C	0.25%	0.21%	0.21%
OGE	B	0.23%	0.22%	0.22%
OGN	D	0.14%	0.1%	0.1%
OGS	A	0.12%	0.1%	0.1%
OHI	C	0.32%	0.24%	0.24%
OLN	D	0.14%	0.12%	0.12%
OMF	A	0.17%	0.16%	0.16%
ONB	B	0.18%	0.17%	0.17%
ORI	A	0.24%	0.24%	0.24%
OSK	B	0.19%	0.18%	0.18%
OTTR	C	0.1%	0.08%	0.08%
OVV	B	0.3%	0.3%	0.3%
OZK	B	0.14%	0.13%	0.13%
PAG	B	0.09%	0.08%	0.08%
PARA	C	0.17%	0.15%	0.15%
PB	A	0.19%	0.2%	0.19%
PBF	D	0.08%	0.08%	0.08%
PBH	A	0.11%	0.1%	0.1%
PCH	D	0.1%	0.08%	0.08%
PECO	A	0.07%	0.12%	0.07%
PENN	C	0.09%	0.07%	0.07%
PFGC	B	0.37%	0.33%	0.33%
PFSI	D	0.07%	0.07%	0.07%
PII	D	0.11%	0.09%	0.09%
PINC	B	0.06%	0.06%	0.06%
PNFP	B	0.11%	0.24%	0.11%
PNM	F	0.11%	0.11%	0.11%
PNW	B	0.29%	0.26%	0.26%
POR	C	0.14%	0.12%	0.12%
POST	C	0.07%	0.15%	0.07%
PPC	C	0.05%	0.05%	0.05%
PR	B	0.13%	0.24%	0.13%
PRGO	B	0.1%	0.09%	0.09%
PRI	A	0.27%	0.26%	0.26%
PSN	D	0.15%	0.11%	0.11%
PTEN	C	0.09%	0.08%	0.08%
PVH	C	0.16%	0.14%	0.14%
R	B	0.18%	0.18%	0.18%
RDN	C	0.15%	0.13%	0.13%
REYN	D	0.04%	0.04%	0.04%
RHI	B	0.2%	0.19%	0.19%
RIVN	F	0.13%	0.18%	0.13%
RL	B	0.22%	0.21%	0.21%
RLI	B	0.2%	0.18%	0.18%
RNR	C	0.4%	0.34%	0.34%
RPM	A	0.48%	0.44%	0.44%
RRC	B	0.2%	0.21%	0.2%
RRX	B	0.32%	0.29%	0.29%
RS	B	0.46%	0.43%	0.43%
RUSHA	C	0.1%	0.09%	0.09%
RUSHB	B	0.01%	0.01%	0.01%
RYN	D	0.14%	0.1%	0.1%
SAIC	F	0.22%	0.15%	0.15%
SANM	B	0.11%	0.11%	0.11%
SCI	B	0.33%	0.31%	0.31%
SEB	F	0.02%	0.02%	0.02%
SEE	C	0.12%	0.13%	0.12%
SEIC	B	0.26%	0.23%	0.23%
SEM	B	0.1%	0.09%	0.09%
SF	B	0.29%	0.29%	0.29%
SFM	A	0.38%	0.36%	0.36%
SIG	B	0.11%	0.11%	0.11%
SIGI	C	0.16%	0.15%	0.15%
SLGN	A	0.12%	0.11%	0.11%
SLM	A	0.14%	0.13%	0.13%
SM	B	0.07%	0.13%	0.07%
SMG	D	0.11%	0.08%	0.08%
SNV	B	0.2%	0.2%	0.2%
SNX	C	0.22%	0.14%	0.14%
SOLV	C	0.29%	0.23%	0.23%
SON	D	0.15%	0.12%	0.12%
SR	A	0.1%	0.1%	0.1%
SSB	B	0.22%	0.2%	0.2%
ST	F	0.15%	0.12%	0.12%
STAG	F	0.2%	0.17%	0.17%
STWD	C	0.18%	0.15%	0.15%
SUM	B	0.17%	0.14%	0.14%
SWX	B	0.13%	0.11%	0.11%
SXT	B	0.09%	0.08%	0.08%
SYNA	C	0.08%	0.07%	0.07%
TDC	D	0.09%	0.07%	0.07%
TEX	D	0.1%	0.09%	0.09%
THC	D	0.43%	0.37%	0.37%
THG	A	0.14%	0.15%	0.14%
THO	B	0.15%	0.14%	0.14%
TKR	D	0.15%	0.13%	0.13%
TMHC	B	0.2%	0.17%	0.17%
TNL	A	0.09%	0.09%	0.09%
TOL	B	0.44%	0.39%	0.39%
TPR	B	0.32%	0.33%	0.32%
TTEK	F	0.38%	0.27%	0.27%
UA	C	0.03%	0.03%	0.03%
UAA	C	0.05%	0.05%	0.05%
UBSI	B	0.15%	0.14%	0.14%
UFPI	B	0.21%	0.2%	0.2%
UGI	A	0.15%	0.13%	0.13%
UHAL	D	0.19%	0.15%	0.15%
UHAL	D	0.02%	0.15%	0.02%
UHAL	D	0.19%	0.01%	0.01%
UHAL	D	0.02%	0.01%	0.01%
UMBF	B	0.13%	0.14%	0.13%
UNM	A	0.28%	0.32%	0.28%
USFD	A	0.44%	0.38%	0.38%
UTHR	C	0.49%	0.34%	0.34%
VAC	B	0.07%	0.07%	0.07%
VC	D	0.04%	0.06%	0.04%
VFC	C	0.24%	0.16%	0.16%
VLY	B	0.12%	0.11%	0.11%
VMI	B	0.18%	0.17%	0.17%
VNT	B	0.17%	0.15%	0.15%
VOYA	B	0.23%	0.2%	0.2%
VVV	F	0.15%	0.14%	0.14%
WAL	B	0.25%	0.24%	0.24%
WBS	A	0.26%	0.26%	0.26%
WCC	B	0.28%	0.23%	0.23%
WEN	D	0.1%	0.07%	0.07%
WHR	B	0.17%	0.15%	0.15%
WOR	F	0.03%	0.03%	0.03%
WSM	B	0.39%	0.41%	0.39%
WTFC	A	0.23%	0.21%	0.21%
WTM	A	0.13%	0.12%	0.12%
WTRG	B	0.28%	0.24%	0.24%
WTS	B	0.15%	0.14%	0.14%
WU	D	0.11%	0.09%	0.09%
X	C	0.23%	0.21%	0.21%
XPO	B	0.21%	0.42%	0.21%
XRAY	F	0.14%	0.1%	0.1%
ZION	B	0.22%	0.22%	0.22%
ZWS	B	0.14%	0.14%	0.14%

VBR Overweight 462 Positions Relative to BBMC

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
NRG	B	0.55%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
OC	A	0.45%
EQH	B	0.42%
RGA	A	0.41%
FFIV	B	0.4%
EWBC	A	0.39%
REG	B	0.38%
JNPR	F	0.37%
ALLE	D	0.36%
EMN	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
BG	F	0.35%
SJM	D	0.34%
UHS	D	0.34%
CG	A	0.34%
AES	F	0.34%
CCK	C	0.33%
KMX	B	0.33%
BXP	D	0.33%
HUBB	B	0.33%
IPG	D	0.32%
EPAM	C	0.3%
TAP	C	0.28%
TFX	F	0.28%
STLD	B	0.28%
LKQ	D	0.28%
AFG	A	0.28%
Z	A	0.27%
APA	D	0.26%
MOS	F	0.25%
DOC	D	0.23%
NI	A	0.23%
VNO	B	0.22%
HII	D	0.21%
QRVO	F	0.2%
LUMN	C	0.19%
EVRG	A	0.19%
SRCL	C	0.17%
ACI	C	0.17%
SIRI	C	0.17%
MOG.A	B	0.16%
KNF	A	0.16%
TPG	A	0.16%
ALB	C	0.16%
BCC	B	0.15%
MATX	C	0.15%
KTB	B	0.14%
PIPR	B	0.14%
AUR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
BCO	D	0.13%
EAT	A	0.13%
SBRA	C	0.13%
ICUI	D	0.12%
MAC	B	0.12%
ABCB	B	0.12%
HASI	D	0.12%
ITGR	B	0.12%
MGM	D	0.12%
TPH	D	0.11%
SKYW	B	0.11%
CDP	C	0.11%
SKT	B	0.11%
AX	A	0.11%
GVA	A	0.11%
KFY	B	0.11%
NUVL	D	0.11%
PLXS	B	0.11%
BEN	C	0.1%
WBA	F	0.1%
MGEE	C	0.1%
FULT	A	0.1%
HCC	B	0.1%
BNL	D	0.1%
ABM	B	0.1%
BGC	C	0.1%
NHI	D	0.1%
UCB	A	0.1%
AUB	B	0.1%
ASB	B	0.1%
IBOC	A	0.1%
CNO	A	0.1%
AEO	F	0.1%
WD	D	0.1%
GMS	B	0.1%
HIW	D	0.1%
TCBI	B	0.1%
GNW	A	0.09%
WSFS	A	0.09%
JWN	C	0.09%
BRC	D	0.09%
DEI	B	0.09%
SATS	D	0.09%
MIR	A	0.09%
NPO	A	0.09%
APAM	B	0.09%
AMED	F	0.09%
CWK	B	0.09%
CATY	B	0.09%
FBP	B	0.09%
FHB	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	B	0.09%
ESE	B	0.09%
FIBK	A	0.08%
AKR	B	0.08%
CVBF	A	0.08%
CXT	B	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
TDS	B	0.08%
IOSP	B	0.08%
UE	C	0.08%
UNF	B	0.08%
TGNA	B	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	C	0.08%
PK	B	0.08%
WAFD	B	0.08%
SFNC	B	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	B	0.08%
TRN	C	0.08%
IOVA	F	0.08%
BOH	B	0.08%
ATGE	B	0.08%
OMCL	C	0.07%
ENR	B	0.07%
CDE	D	0.07%
PFS	B	0.07%
FFBC	A	0.07%
HBI	B	0.07%
RNA	D	0.07%
VSCO	B	0.07%
SPB	C	0.07%
DY	D	0.07%
MTX	B	0.07%
HAYW	B	0.07%
PPBI	B	0.07%
ARCB	C	0.07%
BFH	B	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%
WLK	D	0.07%
VIRT	B	0.07%
NMRK	B	0.06%
NATL	B	0.06%
CGON	F	0.06%
TRMK	B	0.06%
LRN	A	0.06%
RXO	C	0.06%
PHIN	A	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%
SMMT	D	0.06%
STRA	C	0.06%
PSMT	C	0.06%
SFBS	B	0.06%
ZG	A	0.06%
VIAV	B	0.06%
SHO	C	0.06%
IBTX	B	0.06%
HURN	B	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	C	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	D	0.06%
CAKE	C	0.06%
AIN	C	0.06%
IVT	B	0.06%
TOWN	B	0.06%
B	B	0.06%
OSIS	B	0.06%
AZZ	B	0.06%
WERN	C	0.06%
TTMI	B	0.06%
JOBY	B	0.06%
SXI	B	0.06%
FL	F	0.06%
BANR	B	0.06%
HNI	B	0.06%
SCL	C	0.05%
SHOO	D	0.05%
MLKN	D	0.05%
LZB	B	0.05%
FCF	A	0.05%
HEES	B	0.05%
CHCO	B	0.05%
CNK	B	0.05%
APOG	B	0.05%
LTC	B	0.05%
PDCO	D	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
THS	D	0.05%
NBHC	B	0.05%
PZZA	D	0.05%
KAR	B	0.05%
EPC	D	0.05%
OI	C	0.05%
STEP	B	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	A	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	B	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
CRI	D	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	A	0.04%
IART	C	0.04%
WS	B	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	D	0.04%
WABC	B	0.04%
CSGS	B	0.04%
REVG	B	0.04%
VRNT	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
ALEX	C	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	B	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	B	0.04%
HOPE	B	0.04%
NTCT	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
AMN	F	0.04%
CXW	B	0.04%
SMR	B	0.04%
HELE	C	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	D	0.04%
ANDE	D	0.04%
JBGS	D	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	B	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%
LEG	F	0.04%
GTY	B	0.04%
HLIO	B	0.04%
NPAB	B	0.04%
CABO	C	0.04%
AVNS	F	0.03%
MMI	B	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
SCSC	B	0.03%
BV	B	0.03%
OMI	F	0.03%
JACK	D	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	D	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
CARS	B	0.03%
WMK	C	0.03%
SCS	C	0.03%
INSW	F	0.03%
ECPG	B	0.03%
TRS	B	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	B	0.03%
KFRC	D	0.03%
FBRT	C	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	D	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	C	0.03%
SAFT	C	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%
VSTO	A	0.03%
GIII	D	0.03%
WWW	B	0.03%
BHLB	B	0.03%
PMT	D	0.03%
BKD	D	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	C	0.02%
DAWN	F	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	B	0.02%
CWH	B	0.02%
BASE	C	0.02%
HPP	F	0.02%
PUMP	B	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	B	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	D	0.02%
PRLB	A	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	B	0.02%
CFFN	B	0.02%
PCRX	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	A	0.02%
PRAA	C	0.02%
FG	B	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	C	0.02%
BRSP	B	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	D	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
KRO	D	0.01%
TGI	B	0.01%
VREX	C	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	F	0.01%
TRTX	B	0.01%
SRCL	C	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	F	0.01%
INN	D	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	B	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	B	0.01%
HTLD	B	0.01%
ARRY	C	0.01%
BFS	C	0.01%
SCHL	D	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
CAL	D	0.01%
GES	F	0.01%
SCWX	B	0.0%
AC	C	0.0%
AMCX	C	0.0%
ACDC	C	0.0%
TASK	C	0.0%
LESL	C	0.0%
LDI	C	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 240 Positions Relative to BBMC

Symbol	Grade	Weight
MSTR	C	-1.69%
APP	B	-1.55%
CVNA	B	-0.7%
DKNG	B	-0.51%
IBKR	A	-0.49%
NTRA	B	-0.47%
HOOD	B	-0.45%
MANH	D	-0.42%
NTNX	A	-0.42%
GWRE	A	-0.41%
TOST	B	-0.41%
FIX	A	-0.4%
CASY	A	-0.38%
TW	A	-0.38%
GGG	B	-0.38%
PSTG	D	-0.38%
AFRM	B	-0.36%
SOFI	A	-0.36%
CW	B	-0.34%
SAIA	B	-0.34%
NDSN	B	-0.33%
TXRH	C	-0.33%
CLH	B	-0.31%
LECO	B	-0.3%
AMH	D	-0.3%
OWL	A	-0.29%
BWXT	B	-0.29%
GNRC	B	-0.28%
BLD	D	-0.28%
DUOL	A	-0.28%
CTLT	B	-0.27%
FND	C	-0.27%
CUBE	D	-0.27%
EXP	A	-0.26%
KNSL	B	-0.26%
ERIE	D	-0.26%
CHDN	B	-0.25%
EXEL	B	-0.25%
MKTX	D	-0.25%
WMS	D	-0.24%
LBRDK	C	-0.24%
PCVX	D	-0.24%
SRPT	D	-0.24%
BRBR	A	-0.24%
CIEN	B	-0.24%
WING	D	-0.24%
RGLD	C	-0.24%
WWD	B	-0.24%
HLI	B	-0.24%
IOT	A	-0.24%
RBC	A	-0.23%
GMED	A	-0.23%
TPX	B	-0.23%
REXR	F	-0.22%
AOS	F	-0.22%
HQY	B	-0.22%
TKO	B	-0.22%
MORN	B	-0.22%
ROKU	D	-0.22%
PEN	B	-0.22%
AAON	B	-0.22%
BILL	A	-0.21%
CHE	D	-0.21%
LNW	D	-0.21%
PLNT	A	-0.21%
FN	D	-0.21%
TTC	D	-0.21%
PCTY	B	-0.21%
OLED	D	-0.2%
ONTO	D	-0.2%
CNM	D	-0.2%
ITCI	C	-0.2%
MTCH	D	-0.2%
SKX	D	-0.2%
ENSG	D	-0.2%
WEX	D	-0.19%
RVMD	C	-0.19%
CZR	F	-0.19%
WH	B	-0.19%
SSD	D	-0.19%
SMAR	A	-0.19%
MEDP	D	-0.19%
RYAN	B	-0.18%
MTSI	B	-0.18%
ATI	D	-0.18%
GTLS	B	-0.18%
S	B	-0.18%
MASI	A	-0.18%
EXLS	B	-0.18%
TREX	C	-0.18%
ESTC	C	-0.18%
CWST	A	-0.17%
MTN	C	-0.17%
H	B	-0.17%
AZEK	A	-0.17%
AWI	A	-0.17%
WSC	D	-0.17%
DAR	C	-0.17%
ALV	C	-0.17%
FRPT	B	-0.17%
LSCC	D	-0.17%
GNTX	C	-0.17%
MTDR	B	-0.17%
GTLB	B	-0.17%
GXO	B	-0.17%
BFAM	D	-0.16%
SITE	D	-0.16%
BMI	B	-0.16%
NOV	C	-0.16%
CFLT	B	-0.16%
DBX	B	-0.16%
COKE	C	-0.16%
CGNX	C	-0.16%
SPSC	C	-0.16%
RGEN	D	-0.16%
DOCS	C	-0.16%
RHP	B	-0.16%
ELF	C	-0.16%
LSTR	D	-0.16%
HRI	B	-0.15%
CROX	D	-0.15%
CHX	C	-0.15%
EPRT	B	-0.15%
ALTR	B	-0.15%
ETSY	D	-0.15%
KRG	B	-0.15%
NOVT	D	-0.15%
PCOR	B	-0.15%
LFUS	F	-0.15%
FOUR	B	-0.15%
MMSI	B	-0.15%
CYTK	F	-0.15%
WFRD	D	-0.15%
HALO	F	-0.14%
SKY	A	-0.14%
FSS	B	-0.14%
PATH	C	-0.14%
OLLI	D	-0.14%
BPMC	C	-0.14%
RMBS	C	-0.14%
COLD	D	-0.14%
BCPC	B	-0.14%
TRNO	F	-0.14%
VKTX	F	-0.13%
INSP	D	-0.13%
LNTH	D	-0.13%
QLYS	C	-0.13%
LITE	B	-0.13%
BE	B	-0.12%
WK	B	-0.12%
ALKS	B	-0.12%
BRKR	D	-0.12%
FIVE	F	-0.12%
MGY	A	-0.12%
RH	B	-0.12%
IRT	A	-0.12%
ROIV	C	-0.12%
MMS	F	-0.12%
TENB	C	-0.12%
EXPO	D	-0.12%
IBP	D	-0.12%
BOX	B	-0.12%
HXL	D	-0.12%
IONS	F	-0.12%
DLB	B	-0.11%
ORA	B	-0.11%
FELE	B	-0.11%
EEFT	B	-0.11%
HAE	C	-0.11%
WMG	C	-0.11%
LOPE	B	-0.11%
NEU	C	-0.1%
CRSP	D	-0.1%
CHH	A	-0.1%
AEIS	B	-0.1%
CELH	F	-0.1%
SMPL	B	-0.09%
POWI	D	-0.09%
CCOI	B	-0.09%
PEGA	A	-0.09%
SPR	D	-0.09%
AXSM	B	-0.09%
RARE	D	-0.09%
LANC	C	-0.09%
MSGS	A	-0.09%
JBT	B	-0.09%
OPCH	D	-0.09%
CIVI	D	-0.09%
NSA	D	-0.08%
VAL	D	-0.08%
HGV	B	-0.08%
IRDM	D	-0.08%
SLAB	D	-0.08%
YETI	C	-0.08%
NEOG	F	-0.08%
CRVL	A	-0.08%
ENV	B	-0.08%
RIG	D	-0.08%
CNS	B	-0.07%
CACC	D	-0.07%
FIVN	C	-0.07%
ZI	D	-0.07%
DV	C	-0.07%
TNET	D	-0.07%
CWT	D	-0.07%
SAM	C	-0.07%
BL	B	-0.07%
RCM	F	-0.06%
ARWR	F	-0.06%
IPAR	B	-0.06%
ACLS	F	-0.06%
ALGM	D	-0.06%
IRTC	D	-0.06%
DIOD	D	-0.06%
HHH	B	-0.06%
JJSF	B	-0.06%
FOLD	F	-0.06%
FRHC	B	-0.05%
LCID	F	-0.05%
ACAD	D	-0.05%
FLYW	C	-0.05%
APLS	D	-0.05%
EVH	F	-0.04%
LTH	C	-0.04%
LBRDA	C	-0.04%
SGRY	F	-0.04%
MP	B	-0.04%
CLVT	F	-0.04%
ADNT	F	-0.04%
SHC	F	-0.04%
FIZZ	C	-0.03%
PGNY	F	-0.03%
CRK	B	-0.03%
PYCR	C	-0.03%
TXG	F	-0.03%
SEDG	F	-0.02%
TFSL	A	-0.02%
WOLF	F	-0.02%
NFE	D	-0.02%
PLTK	B	-0.01%