VBR vs. ISMD ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Inspire Small/Mid Cap Impact ETF (ISMD)

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

ISMD

Inspire Small/Mid Cap Impact ETF

ISMD Description

Inspire Small/Mid Cap Impact ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($1B-$3.5B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap Impact ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

Grade (RS Rating)

Last Trade

$40.16

Average Daily Volume

29,178

Number of Holdings ^*

485

* may have additional holdings in another (foreign) market

Performance

Period	VBR	ISMD
30 Days	7.07%	8.02%
60 Days	7.22%	6.56%
90 Days	8.68%	7.16%
12 Months	33.95%	31.91%

252 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in ISMD	Overlap
AAT	B	0.04%	0.2%	0.04%
ABCB	B	0.12%	0.22%	0.12%
ABG	B	0.13%	0.21%	0.13%
ABM	B	0.1%	0.21%	0.1%
ACHC	F	0.11%	0.12%	0.11%
AGCO	D	0.19%	0.19%	0.19%
AIN	C	0.06%	0.18%	0.06%
AIR	B	0.06%	0.2%	0.06%
AIT	A	0.26%	0.24%	0.24%
AIV	C	0.03%	0.19%	0.03%
AKR	B	0.08%	0.21%	0.08%
ALE	A	0.11%	0.2%	0.11%
ALEX	C	0.04%	0.2%	0.04%
ALSN	B	0.27%	0.24%	0.24%
ALX	D	0.01%	0.18%	0.01%
AMED	F	0.09%	0.18%	0.09%
AMKR	D	0.08%	0.16%	0.08%
ANDE	D	0.04%	0.19%	0.04%
ARI	C	0.04%	0.19%	0.04%
ARW	D	0.18%	0.17%	0.17%
ATSG	B	0.03%	0.27%	0.03%
AWR	B	0.09%	0.2%	0.09%
AXL	C	0.02%	0.2%	0.02%
BANF	B	0.06%	0.23%	0.06%
BC	C	0.15%	0.19%	0.15%
BCO	D	0.13%	0.16%	0.13%
BDC	B	0.14%	0.2%	0.14%
BDN	C	0.02%	0.19%	0.02%
BFS	C	0.01%	0.18%	0.01%
BHE	B	0.04%	0.21%	0.04%
BKH	A	0.12%	0.2%	0.12%
BKU	A	0.08%	0.22%	0.08%
BLKB	B	0.06%	0.19%	0.06%
BRC	D	0.09%	0.19%	0.09%
CABO	C	0.04%	0.22%	0.04%
CAKE	C	0.06%	0.23%	0.06%
CAR	C	0.04%	0.23%	0.04%
CARS	B	0.03%	0.22%	0.03%
CBT	C	0.17%	0.19%	0.17%
CBU	B	0.09%	0.23%	0.09%
CC	C	0.08%	0.18%	0.08%
CCO	C	0.01%	0.19%	0.01%
CDE	D	0.07%	0.18%	0.07%
CENT	C	0.01%	0.2%	0.01%
CHCO	B	0.05%	0.22%	0.05%
CMC	B	0.18%	0.21%	0.18%
CMP	C	0.01%	0.24%	0.01%
CNK	B	0.05%	0.22%	0.05%
CODI	B	0.04%	0.2%	0.04%
CRUS	D	0.17%	0.16%	0.16%
CSGS	B	0.04%	0.22%	0.04%
DAN	D	0.03%	0.15%	0.03%
DDS	B	0.05%	0.22%	0.05%
DEI	B	0.09%	0.21%	0.09%
DNOW	B	0.04%	0.22%	0.04%
DRH	B	0.05%	0.2%	0.05%
ECPG	B	0.03%	0.2%	0.03%
EGBN	B	0.01%	0.25%	0.01%
EIG	B	0.04%	0.22%	0.04%
ELME	D	0.04%	0.18%	0.04%
EMBC	C	0.02%	0.2%	0.02%
ENR	B	0.07%	0.21%	0.07%
ENS	D	0.11%	0.19%	0.11%
EPC	D	0.05%	0.19%	0.05%
EQC	B	0.06%	0.2%	0.06%
ESE	B	0.09%	0.22%	0.09%
ESNT	D	0.18%	0.17%	0.17%
ESRT	C	0.04%	0.19%	0.04%
EYE	C	0.02%	0.2%	0.02%
FCF	A	0.05%	0.21%	0.05%
FFBC	A	0.07%	0.23%	0.07%
FFIN	B	0.13%	0.22%	0.13%
FHN	A	0.27%	0.26%	0.26%
FIBK	A	0.08%	0.21%	0.08%
FLO	D	0.12%	0.18%	0.12%
FNB	A	0.15%	0.23%	0.15%
FR	C	0.2%	0.18%	0.18%
FRME	B	0.06%	0.23%	0.06%
FUL	F	0.12%	0.19%	0.12%
FULT	A	0.1%	0.23%	0.1%
FWRD	D	0.01%	0.19%	0.01%
G	B	0.2%	0.22%	0.2%
GBCI	B	0.17%	0.24%	0.17%
GFF	A	0.08%	0.21%	0.08%
GHC	C	0.08%	0.22%	0.08%
GMS	B	0.1%	0.22%	0.1%
GNW	A	0.09%	0.21%	0.09%
GRC	A	0.01%	0.21%	0.01%
GT	C	0.07%	0.21%	0.07%
HAIN	C	0.02%	0.16%	0.02%
HBI	B	0.07%	0.22%	0.07%
HE	C	0.05%	0.21%	0.05%
HELE	C	0.04%	0.21%	0.04%
HI	C	0.06%	0.23%	0.06%
HIW	D	0.1%	0.19%	0.1%
HL	D	0.11%	0.16%	0.11%
HLF	C	0.02%	0.22%	0.02%
HLIO	B	0.04%	0.21%	0.04%
HMN	B	0.04%	0.23%	0.04%
HNI	B	0.06%	0.2%	0.06%
HOMB	A	0.14%	0.22%	0.14%
HOPE	B	0.04%	0.21%	0.04%
HPP	F	0.02%	0.15%	0.02%
HTH	B	0.04%	0.2%	0.04%
HTLD	B	0.01%	0.2%	0.01%
HUBG	A	0.07%	0.21%	0.07%
HY	D	0.02%	0.16%	0.02%
IART	C	0.04%	0.25%	0.04%
IBOC	A	0.1%	0.23%	0.1%
IBTX	B	0.06%	0.21%	0.06%
ICUI	D	0.12%	0.18%	0.12%
IDA	A	0.16%	0.22%	0.16%
IOSP	B	0.08%	0.21%	0.08%
IPGP	D	0.06%	0.19%	0.06%
JACK	D	0.03%	0.19%	0.03%
JBGS	D	0.04%	0.17%	0.04%
JELD	F	0.03%	0.13%	0.03%
KAR	B	0.05%	0.23%	0.05%
KBH	D	0.15%	0.18%	0.15%
KBR	F	0.26%	0.18%	0.18%
KFRC	D	0.03%	0.19%	0.03%
KMPR	B	0.11%	0.23%	0.11%
KMT	B	0.06%	0.22%	0.06%
KN	B	0.04%	0.2%	0.04%
KNX	B	0.23%	0.2%	0.2%
KRC	C	0.14%	0.2%	0.14%
KWR	C	0.03%	0.2%	0.03%
LAD	A	0.26%	0.23%	0.23%
LAUR	A	0.06%	0.22%	0.06%
LEA	D	0.16%	0.17%	0.16%
LPX	B	0.18%	0.2%	0.18%
LXP	D	0.08%	0.18%	0.08%
LZB	B	0.05%	0.2%	0.05%
MAC	B	0.12%	0.21%	0.12%
MATW	C	0.02%	0.2%	0.02%
MATX	C	0.15%	0.22%	0.15%
MCY	A	0.05%	0.23%	0.05%
MDU	D	0.16%	0.13%	0.13%
MGEE	C	0.1%	0.23%	0.1%
MGRC	B	0.08%	0.22%	0.08%
MHO	D	0.06%	0.18%	0.06%
MKSI	C	0.2%	0.19%	0.19%
MMI	B	0.03%	0.2%	0.03%
MNRO	D	0.02%	0.2%	0.02%
MPW	F	0.08%	0.14%	0.08%
MTG	C	0.19%	0.19%	0.19%
MTH	D	0.19%	0.17%	0.17%
MTRN	C	0.06%	0.2%	0.06%
MTX	B	0.07%	0.21%	0.07%
MXL	C	0.01%	0.19%	0.01%
MYGN	F	0.03%	0.11%	0.03%
NBTB	B	0.06%	0.22%	0.06%
NFG	A	0.16%	0.2%	0.16%
NGVT	B	0.04%	0.23%	0.04%
NHC	C	0.04%	0.2%	0.04%
NHI	D	0.1%	0.18%	0.1%
NJR	A	0.13%	0.2%	0.13%
NNI	D	0.04%	0.19%	0.04%
NPO	A	0.09%	0.2%	0.09%
NSP	D	0.08%	0.16%	0.08%
NTCT	C	0.04%	0.2%	0.04%
NUS	D	0.0%	0.2%	0.0%
NWBI	B	0.05%	0.22%	0.05%
NWL	B	0.1%	0.23%	0.1%
NX	C	0.04%	0.21%	0.04%
OGE	B	0.23%	0.21%	0.21%
OGS	A	0.12%	0.2%	0.12%
OMCL	C	0.07%	0.21%	0.07%
OMI	F	0.03%	0.15%	0.03%
OSIS	B	0.06%	0.2%	0.06%
OXM	D	0.03%	0.17%	0.03%
PB	A	0.19%	0.23%	0.19%
PBH	A	0.11%	0.22%	0.11%
PCRX	C	0.02%	0.22%	0.02%
PDM	D	0.04%	0.18%	0.04%
PII	D	0.11%	0.16%	0.11%
PINC	B	0.06%	0.22%	0.06%
PLXS	B	0.11%	0.22%	0.11%
PMT	D	0.03%	0.18%	0.03%
PNM	F	0.11%	0.21%	0.11%
POST	C	0.07%	0.18%	0.07%
PRA	C	0.02%	0.22%	0.02%
PRGS	A	0.08%	0.19%	0.08%
PRIM	A	0.09%	0.26%	0.09%
PUMP	B	0.02%	0.19%	0.02%
PZZA	D	0.05%	0.17%	0.05%
R	B	0.18%	0.22%	0.18%
RLI	B	0.2%	0.22%	0.2%
RNST	B	0.06%	0.22%	0.06%
ROIC	A	0.05%	0.22%	0.05%
RUSHA	C	0.1%	0.23%	0.1%
RWT	D	0.03%	0.18%	0.03%
RYN	D	0.14%	0.18%	0.14%
SAFT	C	0.03%	0.2%	0.03%
SAH	A	0.02%	0.22%	0.02%
SATS	D	0.09%	0.18%	0.09%
SBRA	C	0.13%	0.19%	0.13%
SCHL	D	0.01%	0.15%	0.01%
SCL	C	0.05%	0.19%	0.05%
SCSC	B	0.03%	0.2%	0.03%
SCWX	B	0.0%	0.19%	0.0%
SEM	B	0.1%	0.21%	0.1%
SFBS	B	0.06%	0.23%	0.06%
SFNC	B	0.08%	0.22%	0.08%
SKT	B	0.11%	0.21%	0.11%
SLGN	A	0.12%	0.2%	0.12%
SM	B	0.07%	0.21%	0.07%
SNV	B	0.2%	0.25%	0.2%
SR	A	0.1%	0.2%	0.1%
STBA	B	0.04%	0.2%	0.04%
SUM	B	0.17%	0.24%	0.17%
SWX	B	0.13%	0.2%	0.13%
SXI	B	0.06%	0.22%	0.06%
SXT	B	0.09%	0.19%	0.09%
TCBI	B	0.1%	0.24%	0.1%
TDS	B	0.08%	0.26%	0.08%
THO	B	0.15%	0.2%	0.15%
TILE	B	0.01%	0.26%	0.01%
TKR	D	0.15%	0.18%	0.15%
TMHC	B	0.2%	0.2%	0.2%
TOWN	B	0.06%	0.21%	0.06%
TPH	D	0.11%	0.18%	0.11%
TRN	C	0.08%	0.21%	0.08%
TRS	B	0.03%	0.2%	0.03%
TTMI	B	0.06%	0.25%	0.06%
UBSI	B	0.15%	0.22%	0.15%
UCB	A	0.1%	0.22%	0.1%
UMBF	B	0.13%	0.23%	0.13%
UNF	B	0.08%	0.19%	0.08%
UNIT	B	0.03%	0.19%	0.03%
UPBD	B	0.04%	0.2%	0.04%
VAC	B	0.07%	0.24%	0.07%
VC	D	0.04%	0.19%	0.04%
VLY	B	0.12%	0.22%	0.12%
VMI	B	0.18%	0.23%	0.18%
VRE	B	0.04%	0.2%	0.04%
VSAT	F	0.03%	0.12%	0.03%
VSH	D	0.06%	0.16%	0.06%
VVV	F	0.15%	0.2%	0.15%
VYX	B	0.05%	0.2%	0.05%
WABC	B	0.04%	0.23%	0.04%
WBS	A	0.26%	0.25%	0.25%
WCC	B	0.28%	0.24%	0.24%
WERN	C	0.06%	0.2%	0.06%
WKC	D	0.04%	0.18%	0.04%
WNC	C	0.02%	0.2%	0.02%
WRLD	C	0.01%	0.19%	0.01%
WSBC	A	0.05%	0.24%	0.05%
WTFC	A	0.23%	0.24%	0.23%
WTS	B	0.15%	0.2%	0.15%
XHR	B	0.02%	0.2%	0.02%
ZION	B	0.22%	0.25%	0.22%

VBR Overweight 542 Positions Relative to ISMD

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
EME	C	0.61%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
CSL	C	0.57%
NRG	B	0.55%
UTHR	C	0.49%
RPM	A	0.48%
PNR	A	0.48%
KIM	A	0.47%
IEX	B	0.47%
RS	B	0.46%
OC	A	0.45%
TOL	B	0.44%
USFD	A	0.44%
THC	D	0.43%
ACM	A	0.42%
EQH	B	0.42%
RGA	A	0.41%
FFIV	B	0.4%
RNR	C	0.4%
JBL	B	0.39%
WSM	B	0.39%
EWBC	A	0.39%
SFM	A	0.38%
JLL	D	0.38%
REG	B	0.38%
GLPI	C	0.38%
TTEK	F	0.38%
PFGC	B	0.37%
JNPR	F	0.37%
ALLE	D	0.36%
EMN	D	0.36%
CACI	D	0.36%
LDOS	C	0.36%
CPT	B	0.36%
NVT	B	0.36%
BG	F	0.35%
SJM	D	0.34%
CHRW	C	0.34%
UHS	D	0.34%
CG	A	0.34%
AES	F	0.34%
ATR	B	0.33%
SCI	B	0.33%
BJ	A	0.33%
CCK	C	0.33%
KMX	B	0.33%
ITT	A	0.33%
BXP	D	0.33%
HUBB	B	0.33%
TPR	B	0.32%
OHI	C	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	C	0.3%
FBIN	D	0.3%
OVV	B	0.3%
AA	B	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	B	0.29%
EHC	B	0.29%
SOLV	C	0.29%
SF	B	0.29%
TAP	C	0.28%
TFX	F	0.28%
GL	B	0.28%
WTRG	B	0.28%
UNM	A	0.28%
STLD	B	0.28%
ALLY	C	0.28%
EVR	B	0.28%
LKQ	D	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
AYI	B	0.27%
FRT	B	0.27%
MLI	C	0.27%
PRI	A	0.27%
APA	D	0.26%
SEIC	B	0.26%
DTM	B	0.26%
AAL	B	0.26%
DCI	B	0.26%
FYBR	D	0.26%
HSIC	B	0.26%
FLR	B	0.26%
MUSA	A	0.26%
APG	B	0.25%
CMA	A	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
INGR	B	0.25%
NYT	C	0.25%
HAS	D	0.25%
WAL	B	0.25%
VFC	C	0.24%
FMC	D	0.24%
BRX	A	0.24%
ORI	A	0.24%
AXTA	A	0.24%
HRB	D	0.24%
EGP	F	0.24%
CHRD	D	0.23%
DKS	C	0.23%
DOC	D	0.23%
X	C	0.23%
NI	A	0.23%
VOYA	B	0.23%
NNN	D	0.23%
SAIC	F	0.22%
SNX	C	0.22%
IVZ	B	0.22%
SSB	B	0.22%
ADC	B	0.22%
VNO	B	0.22%
JXN	C	0.22%
RL	B	0.22%
CR	A	0.22%
BWA	D	0.22%
BERY	B	0.22%
ESAB	B	0.21%
UFPI	B	0.21%
COHR	B	0.21%
MHK	D	0.21%
XPO	B	0.21%
CBSH	A	0.21%
HII	D	0.21%
AGNC	D	0.21%
CFR	B	0.21%
ANF	C	0.2%
RHI	B	0.2%
QRVO	F	0.2%
STAG	F	0.2%
RRC	B	0.2%
FLS	B	0.2%
MAT	D	0.2%
BIO	D	0.2%
MIDD	C	0.2%
FCN	D	0.2%
BPOP	B	0.19%
JAZZ	B	0.19%
LUMN	C	0.19%
EVRG	A	0.19%
UHAL	D	0.19%
KEX	C	0.19%
OSK	B	0.19%
ALK	C	0.18%
CLF	F	0.18%
CADE	B	0.18%
ONB	B	0.18%
MSA	D	0.18%
BBWI	D	0.18%
ELAN	D	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
WHR	B	0.17%
BECN	B	0.17%
VNT	B	0.17%
NSIT	F	0.17%
SRCL	C	0.17%
ACI	C	0.17%
LAMR	D	0.17%
PARA	C	0.17%
SIRI	C	0.17%
DVA	B	0.17%
ESI	A	0.17%
LNC	B	0.17%
AXS	A	0.17%
OMF	A	0.17%
COLB	A	0.17%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	0.16%
KNF	A	0.16%
SIGI	C	0.16%
TPG	A	0.16%
ALB	C	0.16%
NCLH	B	0.16%
GAP	C	0.15%
UGI	A	0.15%
SON	D	0.15%
PSN	D	0.15%
BCC	B	0.15%
ST	F	0.15%
AN	C	0.15%
RDN	C	0.15%
JHG	A	0.15%
KD	B	0.15%
GPI	A	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
OZK	B	0.14%
KTB	B	0.14%
PIPR	B	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OLN	D	0.14%
OGN	D	0.14%
AM	A	0.14%
AUR	C	0.14%
POR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
GATX	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
PR	B	0.13%
WTM	A	0.13%
EAT	A	0.13%
LYFT	C	0.13%
AL	B	0.13%
HWC	B	0.13%
MUR	D	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
M	D	0.12%
EDR	A	0.12%
HASI	D	0.12%
ITGR	B	0.12%
AGO	B	0.12%
CRC	B	0.12%
MGM	D	0.12%
SEE	C	0.12%
AVNT	B	0.12%
NVST	B	0.11%
HUN	F	0.11%
SKYW	B	0.11%
CDP	C	0.11%
WU	D	0.11%
SANM	B	0.11%
AX	A	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
SMG	D	0.11%
NUVL	D	0.11%
HOG	D	0.11%
AR	B	0.11%
PNFP	B	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ASGN	F	0.11%
ASH	D	0.11%
BEN	C	0.1%
WBA	F	0.1%
NWE	B	0.1%
PCH	D	0.1%
OTTR	C	0.1%
TEX	D	0.1%
WEN	D	0.1%
HCC	B	0.1%
BNL	D	0.1%
BGC	C	0.1%
AUB	B	0.1%
ASB	B	0.1%
EPR	D	0.1%
CNO	A	0.1%
AEO	F	0.1%
IAC	D	0.1%
PRGO	B	0.1%
WD	D	0.1%
MSM	C	0.1%
DXC	B	0.1%
WSFS	A	0.09%
AVA	A	0.09%
JWN	C	0.09%
MAN	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	0.09%
PAG	B	0.09%
ADTN	A	0.09%
ATKR	C	0.09%
APAM	B	0.09%
TDC	D	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%
APLE	B	0.09%
COMP	B	0.09%
AROC	B	0.09%
FHI	A	0.09%
CVBF	A	0.08%
COTY	F	0.08%
CXT	B	0.08%
ABR	C	0.08%
PBF	D	0.08%
UE	C	0.08%
TGNA	B	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PK	B	0.08%
WAFD	B	0.08%
ALIT	C	0.08%
RNG	B	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	B	0.08%
ATGE	B	0.08%
BYD	C	0.07%
ENOV	C	0.07%
PFS	B	0.07%
PECO	A	0.07%
CWEN	C	0.07%
RNA	D	0.07%
CNXC	F	0.07%
VSCO	B	0.07%
BOKF	B	0.07%
SPB	C	0.07%
DY	D	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%
WLK	D	0.07%
PFSI	D	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%
KSS	F	0.06%
WLY	B	0.06%
GEO	B	0.06%
SMMT	D	0.06%
STRA	C	0.06%
PSMT	C	0.06%
ZG	A	0.06%
VIAV	B	0.06%
SHO	C	0.06%
HURN	B	0.06%
ZD	C	0.06%
EVTC	B	0.06%
INFA	D	0.06%
IVT	B	0.06%
AAP	C	0.06%
B	B	0.06%
AZZ	B	0.06%
JOBY	B	0.06%
FL	F	0.06%
BANR	B	0.06%
CPRI	F	0.06%
SHOO	D	0.05%
MLKN	D	0.05%
UAA	C	0.05%
HEES	B	0.05%
APOG	B	0.05%
LTC	B	0.05%
PDCO	D	0.05%
THS	D	0.05%
NBHC	B	0.05%
GOLF	B	0.05%
PPC	C	0.05%
OI	C	0.05%
STEP	B	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	B	0.05%
OFG	B	0.05%
CRI	D	0.05%
PBI	B	0.04%
FDP	B	0.04%
DYN	F	0.04%
SPNT	A	0.04%
WS	B	0.04%
GO	C	0.04%
BKE	B	0.04%
COLM	B	0.04%
LADR	B	0.04%
RRR	D	0.04%
REVG	B	0.04%
VRNT	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
BLMN	F	0.04%
WT	B	0.04%
REYN	D	0.04%
VCTR	B	0.04%
TROX	D	0.04%
AMN	F	0.04%
CXW	B	0.04%
SMR	B	0.04%
VRTS	B	0.04%
NWN	A	0.04%
HP	B	0.04%
CENTA	C	0.04%
LC	A	0.04%
FTRE	D	0.04%
GEF	A	0.04%
LEG	F	0.04%
GTY	B	0.04%
NPAB	B	0.04%
AVNS	F	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
CWEN	C	0.03%
BV	B	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
INSW	F	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	B	0.03%
ACT	D	0.03%
FBRT	C	0.03%
CSR	B	0.03%
HTLF	B	0.03%
NAVI	C	0.03%
RBRK	A	0.03%
CNNE	B	0.03%
MSGE	F	0.03%
KALU	C	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%
BKD	D	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%
KELYA	F	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%
SEB	F	0.02%
BMBL	C	0.02%
KREF	D	0.02%
PRLB	A	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
ASTE	B	0.02%
CFFN	B	0.02%
CMTG	F	0.02%
TMP	B	0.02%
PRAA	C	0.02%
FG	B	0.02%
BRSP	B	0.02%
MATV	D	0.02%
HCSG	C	0.02%
LEVI	F	0.02%
DLX	B	0.02%
JBLU	F	0.02%
OLPX	D	0.01%
OPK	C	0.01%
TWKS	D	0.01%
DIN	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%
VMEO	B	0.01%
RMR	F	0.01%
EE	A	0.01%
NABL	F	0.01%
SSTK	F	0.01%
PTVE	B	0.01%
BJRI	B	0.01%
USNA	C	0.01%
CLB	B	0.01%
CLBK	B	0.01%
ARRY	C	0.01%
DJT	C	0.01%
GCMG	B	0.01%
LGF.A	C	0.01%
CAL	D	0.01%
GES	F	0.01%
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%
BRCC	F	0.0%

VBR Underweight 233 Positions Relative to ISMD

Symbol	Grade	Weight
GSAT	C	-0.29%
FNA	C	-0.29%
ALGT	B	-0.28%
ANET	C	-0.28%
MYRG	B	-0.28%
PAR	B	-0.27%
EXEL	B	-0.26%
GTLS	B	-0.26%
AGX	B	-0.26%
TRUP	B	-0.25%
LITE	B	-0.25%
IDCC	A	-0.25%
SASR	B	-0.24%
ENVA	B	-0.24%
AMSF	B	-0.24%
UTI	A	-0.24%
TTI	C	-0.24%
WTTR	B	-0.24%
CALM	A	-0.24%
HQY	B	-0.24%
AGIO	C	-0.24%
QTWO	A	-0.24%
PLYA	B	-0.24%
PRO	C	-0.24%
SMBK	B	-0.24%
AAON	B	-0.24%
XNCR	B	-0.23%
RDNT	B	-0.23%
HSII	B	-0.23%
OFIX	B	-0.23%
DAR	C	-0.23%
KAI	A	-0.23%
BY	B	-0.23%
AWI	A	-0.23%
RBCAA	B	-0.23%
OPY	B	-0.23%
EXLS	B	-0.23%
PEBO	A	-0.23%
CTLP	B	-0.23%
NWPX	A	-0.23%
CUBI	C	-0.23%
JBT	B	-0.23%
TTGT	C	-0.23%
PEGA	A	-0.23%
HBNC	B	-0.23%
FBK	B	-0.23%
AIOT	B	-0.23%
ALRM	C	-0.22%
CVLT	B	-0.22%
AGM	C	-0.22%
FSBC	B	-0.22%
NGVC	A	-0.22%
MCBS	B	-0.22%
TFSL	A	-0.22%
HAE	C	-0.22%
NBR	C	-0.22%
MBWM	B	-0.22%
DAKT	B	-0.22%
LKFN	B	-0.22%
LOPE	B	-0.22%
QLYS	C	-0.22%
CBZ	B	-0.22%
ITCI	C	-0.22%
DGII	B	-0.22%
CAC	B	-0.22%
RLJ	C	-0.21%
CNS	B	-0.21%
CRVL	A	-0.21%
VCYT	B	-0.21%
DHIL	A	-0.21%
PTCT	B	-0.21%
GKOS	B	-0.21%
ACCO	C	-0.21%
ACIW	B	-0.21%
IBUY	A	-0.21%
ETNB	C	-0.21%
SBSI	B	-0.21%
SLRC	A	-0.21%
RSVR	A	-0.21%
ITRI	B	-0.21%
RYAM	C	-0.21%
OII	B	-0.21%
ERII	D	-0.21%
WDFC	B	-0.21%
SRCE	B	-0.21%
CCBG	B	-0.21%
HSTM	B	-0.21%
ARQT	C	-0.2%
OEC	C	-0.2%
NEU	C	-0.2%
SRDX	B	-0.2%
LMNR	B	-0.2%
SMP	B	-0.2%
PUBM	C	-0.2%
PARR	D	-0.2%
TDOC	C	-0.2%
BCPC	B	-0.2%
ROCK	C	-0.2%
DMRC	C	-0.2%
LOB	B	-0.2%
DCO	C	-0.2%
FELE	B	-0.2%
FMNB	B	-0.2%
AHH	D	-0.2%
KRG	B	-0.2%
BUSE	B	-0.2%
NEO	C	-0.2%
GNTX	C	-0.2%
IRWD	F	-0.2%
CPK	A	-0.2%
LANC	C	-0.2%
IRT	A	-0.2%
TREX	C	-0.2%
MSEX	B	-0.2%
ORA	B	-0.2%
CHCT	C	-0.2%
KE	C	-0.2%
CMCO	B	-0.2%
NXRT	B	-0.2%
RHP	B	-0.2%
AEIS	B	-0.2%
SPR	D	-0.19%
SSD	D	-0.19%
OLLI	D	-0.19%
PDFS	C	-0.19%
PLSE	C	-0.19%
CYTK	F	-0.19%
CVGW	D	-0.19%
PLAB	C	-0.19%
ADMA	B	-0.19%
NMFC	D	-0.19%
FCPT	C	-0.19%
IPAR	B	-0.19%
HXL	D	-0.19%
HTGC	D	-0.19%
CECO	A	-0.19%
ALRS	D	-0.19%
SMTC	B	-0.19%
LSTR	D	-0.19%
HWKN	B	-0.19%
COHU	C	-0.19%
UMH	C	-0.19%
ASIX	A	-0.19%
UTL	B	-0.19%
MTUS	C	-0.19%
CGNX	C	-0.19%
CTRE	D	-0.19%
INFN	C	-0.19%
CSTL	D	-0.19%
BMI	B	-0.19%
ACRE	C	-0.19%
LNN	B	-0.19%
ATEX	D	-0.18%
TNC	D	-0.18%
ADUS	D	-0.18%
RES	D	-0.18%
PATK	D	-0.18%
ACCD	D	-0.18%
FOLD	F	-0.18%
ADV	D	-0.18%
VRNS	D	-0.18%
ETD	C	-0.18%
GNK	D	-0.18%
SPSC	C	-0.18%
THRM	D	-0.18%
NMIH	D	-0.18%
PTGX	C	-0.18%
SHEN	F	-0.18%
ROG	D	-0.18%
DFIN	D	-0.18%
BCRX	D	-0.18%
LSCC	D	-0.18%
MOD	A	-0.18%
IRDM	D	-0.18%
UFPT	B	-0.18%
POWI	D	-0.18%
NVEE	F	-0.18%
HCAT	D	-0.18%
JJSF	B	-0.18%
ATI	D	-0.17%
EXPO	D	-0.17%
MYE	F	-0.17%
LSEA	D	-0.17%
MMS	F	-0.17%
CLNE	D	-0.17%
WEX	D	-0.17%
JOE	F	-0.17%
CYRX	F	-0.17%
NEOG	F	-0.17%
SLAB	D	-0.17%
COUR	F	-0.17%
CLW	F	-0.17%
SKYT	D	-0.17%
JBSS	D	-0.17%
LGIH	D	-0.17%
PHR	F	-0.16%
VECO	F	-0.16%
PLUS	F	-0.16%
VITL	D	-0.16%
RVNC	F	-0.16%
GPRE	F	-0.16%
GERN	D	-0.16%
SPTN	D	-0.16%
IBP	D	-0.16%
PI	D	-0.16%
CHPT	F	-0.16%
HLIT	D	-0.16%
HVT	D	-0.16%
FORM	D	-0.16%
SNDX	F	-0.16%
ICFI	F	-0.16%
PSEC	D	-0.16%
DIOD	D	-0.16%
GRPN	F	-0.16%
GRBK	D	-0.16%
NRC	F	-0.16%
AEHR	F	-0.16%
CALX	D	-0.15%
LPG	F	-0.15%
BLBD	D	-0.15%
FOXF	F	-0.15%
VKTX	F	-0.15%
WOLF	F	-0.14%
SAGE	F	-0.14%
TDW	F	-0.14%
SGRY	F	-0.14%
ARDX	F	-0.14%
ANGI	D	-0.13%
AMRC	F	-0.13%
SNBR	F	-0.13%
COMM	D	-0.13%
DHC	F	-0.12%
AGL	F	-0.08%