VBR vs. IVOG ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)

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

IVOG

Vanguard S&P Mid-Cap 400 Growth ETF

IVOG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Growth Index, which represents the growth companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization growth stocks. 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

$122.15

Average Daily Volume

26,184

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	VBR	IVOG
30 Days	7.07%	7.09%
60 Days	7.22%	6.23%
90 Days	8.68%	7.03%
12 Months	33.95%	34.15%

120 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in IVOG	Overlap
ACHC	F	0.11%	0.27%	0.11%
ACM	A	0.42%	0.44%	0.42%
AIT	A	0.26%	0.6%	0.26%
AM	A	0.14%	0.19%	0.14%
AMED	F	0.09%	0.09%	0.09%
ANF	C	0.2%	0.45%	0.2%
ATR	B	0.33%	0.44%	0.33%
AXTA	A	0.24%	0.56%	0.24%
AYI	B	0.27%	0.32%	0.27%
AZTA	D	0.06%	0.09%	0.06%
BC	C	0.15%	0.22%	0.15%
BCO	D	0.13%	0.31%	0.13%
BLKB	B	0.06%	0.13%	0.06%
BRX	A	0.24%	0.24%	0.24%
BYD	C	0.07%	0.32%	0.07%
CACI	D	0.36%	0.31%	0.31%
CAR	C	0.04%	0.1%	0.04%
CBSH	A	0.21%	0.2%	0.2%
CBT	C	0.17%	0.27%	0.17%
CCK	C	0.33%	0.35%	0.33%
CDP	C	0.11%	0.1%	0.1%
CFR	B	0.21%	0.23%	0.21%
CG	A	0.34%	0.34%	0.34%
CHRD	D	0.23%	0.52%	0.23%
CNX	A	0.14%	0.35%	0.14%
COLM	B	0.04%	0.09%	0.04%
COTY	F	0.08%	0.18%	0.08%
CPRI	F	0.06%	0.08%	0.06%
CR	A	0.22%	0.52%	0.22%
CRUS	D	0.17%	0.23%	0.17%
CSL	C	0.57%	1.31%	0.57%
DCI	B	0.26%	0.34%	0.26%
DKS	C	0.23%	0.4%	0.23%
DTM	B	0.26%	0.37%	0.26%
EGP	F	0.24%	0.35%	0.24%
EHC	B	0.29%	0.3%	0.29%
EME	C	0.61%	1.4%	0.61%
ENS	D	0.11%	0.11%	0.11%
EPR	D	0.1%	0.14%	0.1%
EQH	B	0.42%	0.52%	0.42%
ESAB	B	0.21%	0.47%	0.21%
EVR	B	0.28%	0.44%	0.28%
EWBC	A	0.39%	0.49%	0.39%
FBIN	D	0.3%	0.28%	0.28%
FCN	D	0.2%	0.46%	0.2%
FFIN	B	0.13%	0.13%	0.13%
FLS	B	0.2%	0.21%	0.2%
FR	C	0.2%	0.22%	0.2%
GATX	A	0.14%	0.12%	0.12%
GLPI	C	0.38%	0.4%	0.38%
HRB	D	0.24%	0.56%	0.24%
HWC	B	0.13%	0.16%	0.13%
IBOC	A	0.1%	0.09%	0.09%
IDA	A	0.16%	0.14%	0.14%
INGR	B	0.25%	0.21%	0.21%
IPGP	D	0.06%	0.07%	0.06%
ITT	A	0.33%	0.77%	0.33%
JAZZ	B	0.19%	0.19%	0.19%
KBH	D	0.15%	0.19%	0.15%
KBR	F	0.26%	0.28%	0.26%
KEX	C	0.19%	0.19%	0.19%
KNF	A	0.16%	0.26%	0.16%
LAMR	D	0.17%	0.45%	0.17%
LPX	B	0.18%	0.27%	0.18%
MAT	D	0.2%	0.21%	0.2%
MIDD	C	0.2%	0.24%	0.2%
MKSI	C	0.2%	0.22%	0.2%
MSA	D	0.18%	0.44%	0.18%
MSM	C	0.1%	0.13%	0.1%
MTG	C	0.19%	0.17%	0.17%
MUR	D	0.13%	0.13%	0.13%
MUSA	A	0.26%	0.61%	0.26%
NNN	D	0.23%	0.2%	0.2%
NSP	D	0.08%	0.09%	0.08%
NVT	B	0.36%	0.84%	0.36%
NYT	C	0.25%	0.62%	0.25%
OC	A	0.45%	1.04%	0.45%
OHI	C	0.32%	0.3%	0.3%
OLN	D	0.14%	0.13%	0.13%
OVV	B	0.3%	0.7%	0.3%
OZK	B	0.14%	0.16%	0.14%
PK	B	0.08%	0.2%	0.08%
PNFP	B	0.11%	0.22%	0.11%
PR	B	0.13%	0.58%	0.13%
PRI	A	0.27%	0.63%	0.27%
PSN	D	0.15%	0.25%	0.15%
RLI	B	0.2%	0.28%	0.2%
RNR	C	0.4%	0.51%	0.4%
RPM	A	0.48%	0.6%	0.48%
RRC	B	0.2%	0.49%	0.2%
RS	B	0.46%	1.06%	0.46%
RYN	D	0.14%	0.11%	0.11%
SAIC	F	0.22%	0.17%	0.17%
SCI	B	0.33%	0.41%	0.33%
SEIC	B	0.26%	0.25%	0.25%
SFM	A	0.38%	0.36%	0.36%
SIGI	C	0.16%	0.2%	0.16%
SLM	A	0.14%	0.13%	0.13%
SMG	D	0.11%	0.09%	0.09%
STAG	F	0.2%	0.23%	0.2%
SYNA	C	0.08%	0.07%	0.07%
TDC	D	0.09%	0.21%	0.09%
TEX	D	0.1%	0.13%	0.1%
TKR	D	0.15%	0.14%	0.14%
TNL	A	0.09%	0.16%	0.09%
TOL	B	0.44%	1.01%	0.44%
TTEK	F	0.38%	0.88%	0.38%
UFPI	B	0.21%	0.5%	0.21%
UTHR	C	0.49%	0.5%	0.49%
VC	D	0.04%	0.08%	0.04%
VNT	B	0.17%	0.38%	0.17%
VOYA	B	0.23%	0.21%	0.21%
VVV	F	0.15%	0.35%	0.15%
WAL	B	0.25%	0.31%	0.25%
WEN	D	0.1%	0.12%	0.1%
WLK	D	0.07%	0.3%	0.07%
WSM	B	0.39%	1.16%	0.39%
WTRG	B	0.28%	0.31%	0.28%
WTS	B	0.15%	0.35%	0.15%
XPO	B	0.21%	0.48%	0.21%

VBR Overweight 674 Positions Relative to IVOG

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%
USFD	A	0.44%
THC	D	0.43%
RGA	A	0.41%
FFIV	B	0.4%
JBL	B	0.39%
JLL	D	0.38%
REG	B	0.38%
PFGC	B	0.37%
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%
CHRW	C	0.34%
UHS	D	0.34%
AES	F	0.34%
BJ	A	0.33%
KMX	B	0.33%
BXP	D	0.33%
HUBB	B	0.33%
TPR	B	0.32%
IPG	D	0.32%
RRX	B	0.32%
EPAM	C	0.3%
AA	B	0.3%
AIZ	A	0.29%
ARMK	B	0.29%
PNW	B	0.29%
SOLV	C	0.29%
SF	B	0.29%
WCC	B	0.28%
TAP	C	0.28%
TFX	F	0.28%
GL	B	0.28%
UNM	A	0.28%
STLD	B	0.28%
ALLY	C	0.28%
LKQ	D	0.28%
AFG	A	0.28%
JEF	A	0.27%
Z	A	0.27%
FRT	B	0.27%
FHN	A	0.27%
MLI	C	0.27%
ALSN	B	0.27%
APA	D	0.26%
AAL	B	0.26%
WBS	A	0.26%
LAD	A	0.26%
FYBR	D	0.26%
HSIC	B	0.26%
FLR	B	0.26%
APG	B	0.25%
CMA	A	0.25%
GPK	C	0.25%
GME	C	0.25%
MOS	F	0.25%
HAS	D	0.25%
VFC	C	0.24%
FMC	D	0.24%
ORI	A	0.24%
WTFC	A	0.23%
DOC	D	0.23%
X	C	0.23%
NI	A	0.23%
KNX	B	0.23%
OGE	B	0.23%
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%
BWA	D	0.22%
BERY	B	0.22%
ZION	B	0.22%
COHR	B	0.21%
MHK	D	0.21%
HII	D	0.21%
AGNC	D	0.21%
RHI	B	0.2%
QRVO	F	0.2%
TMHC	B	0.2%
G	B	0.2%
SNV	B	0.2%
BIO	D	0.2%
AGCO	D	0.19%
BPOP	B	0.19%
LUMN	C	0.19%
MTH	D	0.19%
EVRG	A	0.19%
UHAL	D	0.19%
PB	A	0.19%
OSK	B	0.19%
R	B	0.18%
ALK	C	0.18%
ESNT	D	0.18%
CLF	F	0.18%
CADE	B	0.18%
ONB	B	0.18%
CMC	B	0.18%
BBWI	D	0.18%
ELAN	D	0.18%
DINO	D	0.18%
STWD	C	0.18%
FAF	A	0.18%
ARW	D	0.18%
VMI	B	0.18%
WHR	B	0.17%
BECN	B	0.17%
NSIT	F	0.17%
SRCL	C	0.17%
ACI	C	0.17%
PARA	C	0.17%
SUM	B	0.17%
SIRI	C	0.17%
DVA	B	0.17%
ESI	A	0.17%
GBCI	B	0.17%
LNC	B	0.17%
AXS	A	0.17%
OMF	A	0.17%
COLB	A	0.17%
LEA	D	0.16%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	0.16%
NFG	A	0.16%
TPG	A	0.16%
ALB	C	0.16%
NCLH	B	0.16%
MDU	D	0.16%
GAP	C	0.15%
UBSI	B	0.15%
UGI	A	0.15%
SON	D	0.15%
BCC	B	0.15%
ST	F	0.15%
MATX	C	0.15%
FNB	A	0.15%
AN	C	0.15%
RDN	C	0.15%
THO	B	0.15%
JHG	A	0.15%
KD	B	0.15%
GPI	A	0.14%
BDC	B	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
KRC	C	0.14%
KTB	B	0.14%
PIPR	B	0.14%
AVT	C	0.14%
MDGL	B	0.14%
THG	A	0.14%
OGN	D	0.14%
AUR	C	0.14%
POR	C	0.14%
SLG	B	0.14%
HOMB	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
WTM	A	0.13%
EAT	A	0.13%
LYFT	C	0.13%
AL	B	0.13%
SWX	B	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
ABG	B	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
ICUI	D	0.12%
FUL	F	0.12%
M	D	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	B	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	B	0.11%
SKT	B	0.11%
WU	D	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	A	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
PII	D	0.11%
NUVL	D	0.11%
HOG	D	0.11%
KMPR	B	0.11%
AR	B	0.11%
HL	D	0.11%
SIG	B	0.11%
MTZ	B	0.11%
ASGN	F	0.11%
ASH	D	0.11%
PLXS	B	0.11%
PNM	F	0.11%
BEN	C	0.1%
WBA	F	0.1%
MGEE	C	0.1%
NWE	B	0.1%
PCH	D	0.1%
OTTR	C	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%
CNO	A	0.1%
AEO	F	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%
MAN	D	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	0.09%
PAG	B	0.09%
NPO	A	0.09%
ADTN	A	0.09%
ATKR	C	0.09%
APAM	B	0.09%
AWR	B	0.09%
CWK	B	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	B	0.09%
FHB	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%
CXT	B	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
PBF	D	0.08%
TDS	B	0.08%
IOSP	B	0.08%
UE	C	0.08%
UNF	B	0.08%
CC	C	0.08%
TGNA	B	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	C	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%
AMKR	D	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%
PECO	A	0.07%
FFBC	A	0.07%
HBI	B	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%
SM	B	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%
PFSI	D	0.07%
POST	C	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%
IMVT	F	0.06%
RXO	C	0.06%
PHIN	A	0.06%
HI	C	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%
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%
DDS	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%
GOLF	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%
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%
REYN	D	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%
CWEN	C	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%
SNDR	B	0.03%
CBRL	C	0.03%
MD	B	0.03%
ACT	D	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%
SEB	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%
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%
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 128 Positions Relative to IVOG

Symbol	Grade	Weight
LII	A	-1.3%
WSO	A	-1.11%
MANH	D	-1.09%
DT	C	-1.08%
RBA	A	-1.05%
PSTG	D	-1.04%
CASY	A	-0.99%
TPL	A	-0.99%
FIX	A	-0.94%
GGG	B	-0.93%
SAIA	B	-0.88%
TXRH	C	-0.86%
NBIX	C	-0.82%
CLH	B	-0.79%
BWXT	B	-0.75%
LECO	B	-0.74%
DUOL	A	-0.74%
FND	C	-0.74%
WMS	D	-0.71%
BLD	D	-0.71%
CHDN	B	-0.69%
WWD	B	-0.66%
ONTO	D	-0.66%
IBKR	A	-0.66%
EXP	A	-0.65%
SRPT	D	-0.65%
EXEL	B	-0.64%
KNSL	B	-0.64%
BURL	A	-0.63%
HLI	B	-0.62%
MORN	B	-0.6%
PEN	B	-0.6%
FN	D	-0.59%
ENSG	D	-0.59%
CW	B	-0.58%
WING	D	-0.57%
TPX	B	-0.56%
LNW	D	-0.56%
ELS	C	-0.56%
SKX	D	-0.55%
RBC	A	-0.55%
OLED	D	-0.54%
MEDP	D	-0.54%
PCTY	B	-0.54%
AAON	B	-0.52%
TREX	C	-0.52%
SSD	D	-0.51%
LNTH	D	-0.51%
HLNE	B	-0.49%
WEX	D	-0.48%
LSCC	D	-0.47%
RGEN	D	-0.47%
BMRN	D	-0.47%
COKE	C	-0.45%
PLNT	A	-0.45%
AMH	D	-0.45%
RYAN	B	-0.45%
H	B	-0.44%
AVTR	F	-0.43%
CROX	D	-0.43%
HALO	F	-0.43%
ALTR	B	-0.42%
MTDR	B	-0.41%
DBX	B	-0.41%
CUBE	D	-0.4%
ELF	C	-0.4%
WFRD	D	-0.39%
OLLI	D	-0.38%
RMBS	C	-0.35%
FIVE	F	-0.35%
RGLD	C	-0.34%
GTLS	B	-0.34%
CNM	D	-0.33%
CHE	D	-0.33%
CELH	F	-0.32%
APPF	B	-0.32%
WH	B	-0.31%
QLYS	C	-0.3%
CIVI	D	-0.3%
GNTX	C	-0.3%
GXO	B	-0.3%
BRBR	A	-0.3%
LSTR	D	-0.29%
LFUS	F	-0.29%
MTSI	B	-0.28%
CVLT	B	-0.28%
MTN	C	-0.28%
MASI	A	-0.27%
LOPE	B	-0.27%
TTC	D	-0.27%
NEU	C	-0.27%
ALV	C	-0.27%
MMS	F	-0.26%
EXLS	B	-0.26%
REXR	F	-0.25%
CIEN	B	-0.25%
BRKR	D	-0.25%
HQY	B	-0.25%
NOVT	D	-0.24%
CHX	C	-0.24%
SLAB	D	-0.23%
VAL	D	-0.23%
WMG	C	-0.23%
TKO	B	-0.22%
ROIV	C	-0.21%
CGNX	C	-0.2%
DOCS	C	-0.18%
CYTK	F	-0.18%
DLB	B	-0.17%
HXL	D	-0.16%
ARWR	F	-0.16%
SHC	F	-0.16%
EXPO	D	-0.16%
OPCH	D	-0.15%
HAE	C	-0.15%
EEFT	B	-0.15%
RH	B	-0.14%
YETI	C	-0.13%
POWI	D	-0.12%
IRDM	D	-0.12%
LANC	C	-0.11%
NSA	D	-0.1%
HGV	B	-0.1%
CHH	A	-0.1%
ALGM	D	-0.08%
SAM	C	-0.08%
LIVN	F	-0.07%
ZI	D	-0.07%