VBR vs. DON ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to WisdomTree MidCap Dividend Fund (DON)

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

$214.02

Average Daily Volume

435,439

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

DON

WisdomTree MidCap Dividend Fund

DON Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of the mid-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$55.04

Average Daily Volume

128,338

Number of Holdings ^*

328

* may have additional holdings in another (foreign) market

Performance

Period	VBR	DON
30 Days	7.07%	7.60%
60 Days	7.22%	8.28%
90 Days	8.68%	10.47%
12 Months	33.95%	34.24%

219 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in DON	Overlap
ACI	C	0.17%	0.45%	0.17%
ACM	A	0.42%	0.2%	0.2%
ACT	D	0.03%	0.26%	0.03%
ADC	B	0.22%	0.09%	0.09%
ADTN	A	0.09%	0.21%	0.09%
AEO	F	0.1%	0.16%	0.1%
AFG	A	0.28%	0.37%	0.28%
AGCO	D	0.19%	0.15%	0.15%
AIT	A	0.26%	0.2%	0.2%
AIZ	A	0.29%	0.38%	0.29%
AL	B	0.13%	0.17%	0.13%
ALB	C	0.16%	0.23%	0.16%
ALLY	C	0.28%	0.53%	0.28%
ALSN	B	0.27%	0.37%	0.27%
AM	A	0.14%	0.6%	0.14%
AMG	B	0.16%	0.08%	0.08%
AMKR	D	0.08%	0.11%	0.08%
APA	D	0.26%	0.26%	0.26%
ARMK	B	0.29%	0.2%	0.2%
ASH	D	0.11%	0.11%	0.11%
ASO	F	0.11%	0.05%	0.05%
ATR	B	0.33%	0.28%	0.28%
AVT	C	0.14%	0.19%	0.14%
AYI	B	0.27%	0.13%	0.13%
BBWI	D	0.18%	0.22%	0.18%
BC	C	0.15%	0.16%	0.15%
BCC	B	0.15%	0.11%	0.11%
BEN	C	0.1%	0.63%	0.1%
BERY	B	0.22%	0.18%	0.18%
BOKF	B	0.07%	0.31%	0.07%
BPOP	B	0.19%	0.31%	0.19%
BRX	A	0.24%	0.39%	0.24%
BWA	D	0.22%	0.16%	0.16%
BYD	C	0.07%	0.18%	0.07%
CADE	B	0.18%	0.33%	0.18%
CBSH	A	0.21%	0.27%	0.21%
CBT	C	0.17%	0.27%	0.17%
CC	C	0.08%	0.13%	0.08%
CCK	C	0.33%	0.17%	0.17%
CFR	B	0.21%	0.43%	0.21%
CG	A	0.34%	0.91%	0.34%
CHRD	D	0.23%	0.44%	0.23%
CHRW	C	0.34%	0.47%	0.34%
CMA	A	0.25%	0.68%	0.25%
CMC	B	0.18%	0.15%	0.15%
CNXC	F	0.07%	0.04%	0.04%
COLB	A	0.17%	0.49%	0.17%
COLM	B	0.04%	0.17%	0.04%
CPT	B	0.36%	0.3%	0.3%
CR	A	0.22%	0.12%	0.12%
CSL	C	0.57%	0.35%	0.35%
CWEN	C	0.07%	0.08%	0.07%
CWEN	C	0.03%	0.19%	0.03%
CWEN	C	0.07%	0.19%	0.07%
CWEN	C	0.03%	0.08%	0.03%
DCI	B	0.26%	0.3%	0.26%
DDS	B	0.05%	0.07%	0.05%
DINO	D	0.18%	0.33%	0.18%
DKS	C	0.23%	0.47%	0.23%
DNB	B	0.12%	0.15%	0.12%
DTM	B	0.26%	0.61%	0.26%
EDR	A	0.12%	0.14%	0.12%
EGP	F	0.24%	0.11%	0.11%
EHC	B	0.29%	0.2%	0.2%
EME	C	0.61%	0.3%	0.3%
EMN	D	0.36%	0.58%	0.36%
EQH	B	0.42%	0.58%	0.42%
ESAB	B	0.21%	0.09%	0.09%
ESI	A	0.17%	0.17%	0.17%
EVR	B	0.28%	0.34%	0.28%
EVRG	A	0.19%	0.9%	0.19%
EWBC	A	0.39%	0.8%	0.39%
FAF	A	0.18%	0.3%	0.18%
FBIN	D	0.3%	0.17%	0.17%
FFIN	B	0.13%	0.22%	0.13%
FG	B	0.02%	0.16%	0.02%
FLO	D	0.12%	0.36%	0.12%
FLS	B	0.2%	0.33%	0.2%
FNB	A	0.15%	0.32%	0.15%
FR	C	0.2%	0.09%	0.09%
FRT	B	0.27%	0.4%	0.27%
FUL	F	0.12%	0.08%	0.08%
GAP	C	0.15%	0.3%	0.15%
GATX	A	0.14%	0.16%	0.14%
GBCI	B	0.17%	0.32%	0.17%
GL	B	0.28%	0.16%	0.16%
GLPI	C	0.38%	0.65%	0.38%
GOLF	B	0.05%	0.15%	0.05%
GPI	A	0.14%	0.08%	0.08%
GPK	C	0.25%	0.31%	0.25%
HII	D	0.21%	0.22%	0.21%
HOG	D	0.11%	0.15%	0.11%
HOMB	A	0.14%	0.38%	0.14%
HRB	D	0.24%	0.5%	0.24%
HUN	F	0.11%	0.18%	0.11%
IDA	A	0.16%	0.27%	0.16%
IEX	B	0.47%	0.29%	0.29%
INGR	B	0.25%	0.53%	0.25%
IPG	D	0.32%	0.53%	0.32%
ITT	A	0.33%	0.28%	0.28%
JBL	B	0.39%	0.22%	0.22%
JEF	A	0.27%	0.7%	0.27%
JNPR	F	0.37%	0.46%	0.37%
JXN	C	0.22%	0.57%	0.22%
KBH	D	0.15%	0.22%	0.15%
KBR	F	0.26%	0.13%	0.13%
KIM	A	0.47%	0.52%	0.47%
KRC	C	0.14%	0.05%	0.05%
LAD	A	0.26%	0.14%	0.14%
LAMR	D	0.17%	0.61%	0.17%
LDOS	C	0.36%	0.4%	0.36%
LEA	D	0.16%	0.17%	0.16%
LEVI	F	0.02%	0.09%	0.02%
LKQ	D	0.28%	0.35%	0.28%
LNC	B	0.17%	0.5%	0.17%
LPX	B	0.18%	0.19%	0.18%
M	D	0.12%	0.23%	0.12%
MAN	D	0.09%	0.17%	0.09%
MDU	D	0.16%	0.14%	0.14%
MKSI	C	0.2%	0.13%	0.13%
MLI	C	0.27%	0.31%	0.27%
MOG.A	B	0.16%	0.1%	0.1%
MOS	F	0.25%	0.26%	0.25%
MSA	D	0.18%	0.11%	0.11%
MSM	C	0.1%	0.26%	0.1%
MTG	C	0.19%	0.37%	0.19%
MTH	D	0.19%	0.09%	0.09%
MUR	D	0.13%	0.18%	0.13%
MUSA	A	0.26%	0.15%	0.15%
NFG	A	0.16%	0.43%	0.16%
NI	A	0.23%	0.74%	0.23%
NJR	A	0.13%	0.25%	0.13%
NNN	D	0.23%	0.46%	0.23%
NRG	B	0.55%	0.83%	0.55%
NSP	D	0.08%	0.11%	0.08%
NXST	C	0.16%	0.29%	0.16%
NYT	C	0.25%	0.17%	0.17%
OC	A	0.45%	0.35%	0.35%
OGE	B	0.23%	0.69%	0.23%
OLN	D	0.14%	0.13%	0.13%
OMF	A	0.17%	0.54%	0.17%
ONB	B	0.18%	0.29%	0.18%
ORI	A	0.24%	0.67%	0.24%
OSK	B	0.19%	0.17%	0.17%
OVV	B	0.3%	0.43%	0.3%
OZK	B	0.14%	0.36%	0.14%
PAG	B	0.09%	0.3%	0.09%
PB	A	0.19%	0.36%	0.19%
PBF	D	0.08%	0.13%	0.08%
PECO	A	0.07%	0.06%	0.06%
PFSI	D	0.07%	0.1%	0.07%
PII	D	0.11%	0.16%	0.11%
PNFP	B	0.11%	0.17%	0.11%
PNW	B	0.29%	0.84%	0.29%
POR	C	0.14%	0.29%	0.14%
PR	B	0.13%	0.17%	0.13%
PRI	A	0.27%	0.27%	0.27%
PTEN	C	0.09%	0.12%	0.09%
PVH	C	0.16%	0.07%	0.07%
R	B	0.18%	0.28%	0.18%
RDN	C	0.15%	0.38%	0.15%
REG	B	0.38%	0.35%	0.35%
REYN	D	0.04%	0.27%	0.04%
RGA	A	0.41%	0.61%	0.41%
RHI	B	0.2%	0.24%	0.2%
RL	B	0.22%	0.4%	0.22%
RLI	B	0.2%	0.25%	0.2%
RPM	A	0.48%	0.4%	0.4%
RRC	B	0.2%	0.13%	0.13%
RRX	B	0.32%	0.18%	0.18%
RYN	D	0.14%	0.06%	0.06%
SAIC	F	0.22%	0.16%	0.16%
SCI	B	0.33%	0.31%	0.31%
SEB	F	0.02%	0.04%	0.02%
SEE	C	0.12%	0.19%	0.12%
SEIC	B	0.26%	0.3%	0.26%
SF	B	0.29%	0.38%	0.29%
SIGI	C	0.16%	0.16%	0.16%
SJM	D	0.34%	0.52%	0.34%
SLGN	A	0.12%	0.16%	0.12%
SM	B	0.07%	0.13%	0.07%
SNDR	B	0.03%	0.09%	0.03%
SNV	B	0.2%	0.5%	0.2%
SNX	C	0.22%	0.21%	0.21%
SON	D	0.15%	0.35%	0.15%
SSB	B	0.22%	0.29%	0.22%
STAG	F	0.2%	0.2%	0.2%
SW	A	0.78%	0.5%	0.5%
SWX	B	0.13%	0.31%	0.13%
TAP	C	0.28%	0.44%	0.28%
TFX	F	0.28%	0.11%	0.11%
THG	A	0.14%	0.21%	0.14%
THO	B	0.15%	0.16%	0.15%
TKR	D	0.15%	0.2%	0.15%
TOL	B	0.44%	0.35%	0.35%
TPR	B	0.32%	0.74%	0.32%
TTEK	F	0.38%	0.14%	0.14%
UBSI	B	0.15%	0.32%	0.15%
UFPI	B	0.21%	0.19%	0.19%
UGI	A	0.15%	0.4%	0.15%
UHS	D	0.34%	0.16%	0.16%
UNM	A	0.28%	0.63%	0.28%
VLY	B	0.12%	0.31%	0.12%
VMI	B	0.18%	0.13%	0.13%
VNT	B	0.17%	0.08%	0.08%
VOYA	B	0.23%	0.26%	0.23%
WAL	B	0.25%	0.37%	0.25%
WBS	A	0.26%	0.46%	0.26%
WCC	B	0.28%	0.15%	0.15%
WEN	D	0.1%	0.3%	0.1%
WSM	B	0.39%	0.59%	0.39%
WTFC	A	0.23%	0.29%	0.23%
WTRG	B	0.28%	0.45%	0.28%
WTS	B	0.15%	0.11%	0.11%
WU	D	0.11%	0.34%	0.11%
X	C	0.23%	0.1%	0.1%
XRAY	F	0.14%	0.09%	0.09%
ZION	B	0.22%	0.51%	0.22%
ZWS	B	0.14%	0.12%	0.12%

VBR Overweight 577 Positions Relative to DON

Symbol	Grade	Weight
BAH	F	0.69%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
UTHR	C	0.49%
PNR	A	0.48%
RS	B	0.46%
USFD	A	0.44%
THC	D	0.43%
FFIV	B	0.4%
RNR	C	0.4%
SFM	A	0.38%
JLL	D	0.38%
PFGC	B	0.37%
ALLE	D	0.36%
CACI	D	0.36%
NVT	B	0.36%
BG	F	0.35%
AES	F	0.34%
BJ	A	0.33%
KMX	B	0.33%
BXP	D	0.33%
HUBB	B	0.33%
OHI	C	0.32%
EPAM	C	0.3%
AA	B	0.3%
SOLV	C	0.29%
STLD	B	0.28%
Z	A	0.27%
FHN	A	0.27%
AAL	B	0.26%
FYBR	D	0.26%
HSIC	B	0.26%
FLR	B	0.26%
APG	B	0.25%
GME	C	0.25%
HAS	D	0.25%
VFC	C	0.24%
FMC	D	0.24%
AXTA	A	0.24%
DOC	D	0.23%
KNX	B	0.23%
IVZ	B	0.22%
VNO	B	0.22%
COHR	B	0.21%
MHK	D	0.21%
XPO	B	0.21%
AGNC	D	0.21%
ANF	C	0.2%
QRVO	F	0.2%
TMHC	B	0.2%
G	B	0.2%
MAT	D	0.2%
BIO	D	0.2%
MIDD	C	0.2%
FCN	D	0.2%
JAZZ	B	0.19%
LUMN	C	0.19%
UHAL	D	0.19%
KEX	C	0.19%
ALK	C	0.18%
ESNT	D	0.18%
CLF	F	0.18%
ELAN	D	0.18%
STWD	C	0.18%
ARW	D	0.18%
WHR	B	0.17%
BECN	B	0.17%
NSIT	F	0.17%
SRCL	C	0.17%
PARA	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	B	0.17%
CRUS	D	0.17%
AXS	A	0.17%
COOP	B	0.16%
KNF	A	0.16%
TPG	A	0.16%
NCLH	B	0.16%
PSN	D	0.15%
ST	F	0.15%
VVV	F	0.15%
MATX	C	0.15%
AN	C	0.15%
JHG	A	0.15%
KD	B	0.15%
BDC	B	0.14%
CUZ	B	0.14%
KTB	B	0.14%
PIPR	B	0.14%
MDGL	B	0.14%
SLM	A	0.14%
OGN	D	0.14%
AUR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
RIVN	F	0.13%
BCO	D	0.13%
WTM	A	0.13%
EAT	A	0.13%
LYFT	C	0.13%
HWC	B	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
ABG	B	0.13%
GTES	A	0.13%
ACA	A	0.13%
ICUI	D	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	0.12%
HASI	D	0.12%
BKH	A	0.12%
ITGR	B	0.12%
AGO	B	0.12%
CRC	B	0.12%
MGM	D	0.12%
AVNT	B	0.12%
TPH	D	0.11%
NVST	B	0.11%
SKYW	B	0.11%
CDP	C	0.11%
SKT	B	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	A	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
SMG	D	0.11%
ACHC	F	0.11%
NUVL	D	0.11%
KMPR	B	0.11%
AR	B	0.11%
HL	D	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ENS	D	0.11%
ASGN	F	0.11%
PLXS	B	0.11%
PNM	F	0.11%
WBA	F	0.1%
MGEE	C	0.1%
NWE	B	0.1%
PCH	D	0.1%
OTTR	C	0.1%
TEX	D	0.1%
FULT	A	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	A	0.1%
EPR	D	0.1%
CNO	A	0.1%
IAC	D	0.1%
NWL	B	0.1%
PRGO	B	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
RUSHA	C	0.1%
HIW	D	0.1%
TCBI	B	0.1%
DXC	B	0.1%
GNW	A	0.09%
WSFS	A	0.09%
AVA	A	0.09%
JWN	C	0.09%
BRC	D	0.09%
DEI	B	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
NPO	A	0.09%
ATKR	C	0.09%
APAM	B	0.09%
AWR	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	B	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	B	0.09%
FHB	A	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	B	0.09%
APLE	B	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	B	0.09%
FHI	A	0.09%
ESE	B	0.09%
FIBK	A	0.08%
AKR	B	0.08%
CVBF	A	0.08%
COTY	F	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%
SYNA	C	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%
MPW	F	0.08%
ALIT	C	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%
BHF	B	0.08%
ATGE	B	0.08%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	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%
VAC	B	0.07%
HAYW	B	0.07%
PPBI	B	0.07%
ARCB	C	0.07%
BFH	B	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%
WLK	D	0.07%
POST	C	0.07%
VIRT	B	0.07%
NMRK	B	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	B	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	C	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	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%
INFA	D	0.06%
IVT	B	0.06%
AAP	C	0.06%
TOWN	B	0.06%
B	B	0.06%
OSIS	B	0.06%
IPGP	D	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%
CPRI	F	0.06%
SCL	C	0.05%
SHOO	D	0.05%
MLKN	D	0.05%
LZB	B	0.05%
FCF	A	0.05%
UAA	C	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%
PPC	C	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%
VC	D	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%
CAR	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%
HP	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%
GEF	A	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%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	B	0.03%
TRS	B	0.03%
INVA	D	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%
WOR	F	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%
UHAL	D	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	B	0.02%
MODG	F	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%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	C	0.02%
BRSP	B	0.02%
MATV	D	0.02%
HCSG	C	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%
RUSHB	B	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%
DJT	C	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%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 111 Positions Relative to DON

Symbol	Grade	Weight
VST	B	-2.22%
IP	B	-1.22%
PKG	A	-1.15%
CRBG	B	-1.09%
SYF	B	-0.98%
VTRS	A	-0.95%
SNA	A	-0.93%
FNF	B	-0.86%
EQT	B	-0.81%
CAG	D	-0.77%
WPC	D	-0.71%
LNT	A	-0.68%
LUV	C	-0.65%
CNA	B	-0.64%
MAA	B	-0.63%
UI	A	-0.63%
MAS	D	-0.61%
CUBE	D	-0.6%
ESS	B	-0.59%
SWK	D	-0.59%
CPB	D	-0.59%
OWL	A	-0.56%
WSO	A	-0.55%
GEN	B	-0.54%
TXRH	C	-0.5%
UDR	B	-0.49%
CF	B	-0.47%
TPL	A	-0.46%
LII	A	-0.45%
SSNC	B	-0.41%
CIVI	D	-0.4%
DPZ	C	-0.36%
LECO	B	-0.33%
MTN	C	-0.33%
HST	C	-0.33%
WH	B	-0.3%
HLNE	B	-0.29%
FOXA	B	-0.29%
BWXT	B	-0.28%
FOX	A	-0.27%
HLI	B	-0.27%
POOL	C	-0.24%
LSTR	D	-0.24%
IBKR	A	-0.24%
GNTX	C	-0.23%
NDSN	B	-0.23%
GGG	B	-0.23%
FIX	A	-0.22%
JKHY	D	-0.22%
CE	F	-0.21%
CASY	A	-0.21%
AOS	F	-0.21%
TER	D	-0.21%
LANC	C	-0.21%
AWI	A	-0.2%
MORN	B	-0.19%
TTC	D	-0.19%
CW	B	-0.18%
AMH	D	-0.18%
RGLD	C	-0.18%
NEU	C	-0.18%
MGY	A	-0.17%
PAYC	B	-0.17%
ELS	C	-0.17%
CHH	A	-0.17%
BSY	D	-0.17%
MKTX	D	-0.16%
IPAR	B	-0.16%
CHX	C	-0.16%
RHP	B	-0.16%
LW	C	-0.16%
NWSA	B	-0.16%
WWD	B	-0.15%
TPX	B	-0.15%
EXP	A	-0.15%
AAON	B	-0.15%
TKO	B	-0.14%
CHDN	B	-0.14%
TECH	D	-0.14%
KNSL	B	-0.14%
MTDR	B	-0.14%
DLB	B	-0.13%
COKE	C	-0.13%
DLN	A	-0.13%
WMS	D	-0.13%
FELE	B	-0.12%
WING	D	-0.12%
BMI	B	-0.12%
IBP	D	-0.12%
LFUS	F	-0.11%
MMS	F	-0.11%
EXPO	D	-0.11%
CHE	D	-0.11%
REXR	F	-0.11%
SSD	D	-0.11%
PEGA	A	-0.1%
NWS	B	-0.1%
BRKR	D	-0.1%
ENSG	D	-0.1%
OLED	D	-0.1%
NOV	C	-0.1%
HXL	D	-0.09%
FSS	B	-0.09%
H	B	-0.09%
COLD	D	-0.08%
BCPC	B	-0.08%
TRNO	F	-0.07%
ORA	B	-0.07%
IRDM	D	-0.07%
POWI	D	-0.06%
NFE	D	-0.02%