VBR vs. ONEQ ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

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

$177.92

Average Daily Volume

563,959

Number of Holdings ^*

800

* may have additional holdings in another (foreign) market

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

The investment seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite IndexÂ®. The fund normally invests at least 80% of assets in common stocks included in the index. It uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire index. The fund lends securities to earn income for the ETF.

Grade (RS Rating)

Last Trade

$61.56

Average Daily Volume

237,193

Number of Holdings ^*

882

* may have additional holdings in another (foreign) market

Performance

Period	VBR	ONEQ
30 Days	-2.84%	-2.46%
60 Days	-0.97%	-0.60%
90 Days	2.85%	4.28%
12 Months	14.86%	30.35%

216 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in ONEQ	Overlap
AAL	F	0.34%	0.04%	0.04%
ABCB	D	0.1%	0.02%	0.02%
ACDC	C	0.01%	0.01%	0.01%
ACHC	D	0.24%	0.03%	0.03%
ACT	A	0.03%	0.02%	0.02%
ADV	A	0.01%	0.01%	0.01%
AGIO	D	0.03%	0.01%	0.01%
AGNC	B	0.21%	0.02%	0.02%
AMED	D	0.1%	0.01%	0.01%
AMKR	C	0.13%	0.03%	0.03%
ANDE	A	0.06%	0.01%	0.01%
APA	C	0.3%	0.05%	0.05%
APPS	F	0.01%	0.0%	0.0%
ARCB	A	0.11%	0.02%	0.02%
ASO	D	0.18%	0.02%	0.02%
ASTE	B	0.03%	0.01%	0.01%
ATSG	F	0.02%	0.0%	0.0%
AUR	B	0.06%	0.02%	0.02%
AVT	B	0.14%	0.02%	0.02%
AZTA	D	0.12%	0.01%	0.01%
BANF	D	0.05%	0.01%	0.01%
BANR	D	0.05%	0.01%	0.01%
BBIO	F	0.13%	0.03%	0.03%
BECN	A	0.18%	0.03%	0.03%
BGC	C	0.08%	0.01%	0.01%
BHF	D	0.1%	0.02%	0.02%
BLKB	A	0.06%	0.02%	0.02%
BLMN	C	0.08%	0.01%	0.01%
BOKF	B	0.06%	0.03%	0.03%
BPOP	B	0.2%	0.03%	0.03%
CACC	C	0.09%	0.03%	0.03%
CAKE	C	0.05%	0.01%	0.01%
CAR	F	0.06%	0.02%	0.02%
CATY	D	0.09%	0.01%	0.01%
CBSH	A	0.2%	0.03%	0.03%
CENTA	D	0.06%	0.01%	0.01%
CFFN	D	0.02%	0.0%	0.0%
CG	B	0.38%	0.06%	0.06%
CHCO	D	0.05%	0.01%	0.01%
CHK	A	0.34%	0.05%	0.05%
CHRD	A	0.21%	0.03%	0.03%
CHRW	F	0.14%	0.03%	0.03%
CLBK	D	0.01%	0.01%	0.01%
CNDT	D	0.02%	0.01%	0.01%
CNXC	F	0.14%	0.01%	0.01%
COLB	F	0.12%	0.02%	0.02%
COOP	A	0.15%	0.03%	0.03%
CRUS	C	0.16%	0.02%	0.02%
CSGS	F	0.05%	0.01%	0.01%
CVBF	D	0.07%	0.01%	0.01%
DAWN	C	0.02%	0.01%	0.01%
DNUT	B	0.04%	0.01%	0.01%
EBC	D	0.07%	0.01%	0.01%
ECPG	D	0.04%	0.0%	0.0%
EMBC	F	0.03%	0.0%	0.0%
ESGR	C	0.13%	0.02%	0.02%
EWBC	B	0.34%	0.04%	0.04%
EYE	F	0.06%	0.0%	0.0%
FA	D	0.03%	0.01%	0.01%
FCNCA	B	0.53%	0.08%	0.08%
FFBC	D	0.06%	0.01%	0.01%
FFIN	C	0.14%	0.02%	0.02%
FFIV	B	0.37%	0.04%	0.04%
FHB	B	0.09%	0.01%	0.01%
FIBK	D	0.08%	0.01%	0.01%
FORR	F	0.01%	0.0%	0.0%
FRME	D	0.07%	0.01%	0.01%
FTRE	C	0.11%	0.01%	0.01%
FULT	D	0.08%	0.01%	0.01%
GIII	D	0.04%	0.01%	0.01%
GLPI	F	0.38%	0.04%	0.04%
GO	B	0.08%	0.01%	0.01%
GT	D	0.11%	0.01%	0.01%
HAS	B	0.22%	0.03%	0.03%
HEES	A	0.06%	0.01%	0.01%
HELE	F	0.1%	0.01%	0.01%
HOPE	D	0.04%	0.01%	0.01%
HSIC	D	0.16%	0.04%	0.04%
HTLD	F	0.02%	0.01%	0.01%
HTZ	F	0.03%	0.01%	0.01%
HUBG	D	0.08%	0.01%	0.01%
HURN	D	0.06%	0.01%	0.01%
HWC	C	0.12%	0.02%	0.02%
IAC	F	0.14%	0.01%	0.01%
IART	F	0.08%	0.01%	0.01%
IBOC	B	0.1%	0.02%	0.02%
IBTX	D	0.05%	0.01%	0.01%
ICUI	F	0.04%	0.01%	0.01%
IDCC	C	0.05%	0.01%	0.01%
IMVT	F	0.07%	0.02%	0.02%
INDB	F	0.07%	0.01%	0.01%
INVA	D	0.03%	0.01%	0.01%
IOSP	C	0.1%	0.02%	0.02%
IOVA	D	0.13%	0.02%	0.02%
JAZZ	F	0.23%	0.03%	0.03%
KALU	A	0.04%	0.01%	0.01%
KELYA	B	0.02%	0.01%	0.01%
KFRC	D	0.04%	0.01%	0.01%
KRNY	F	0.01%	0.0%	0.0%
KRYS	A	0.13%	0.03%	0.03%
LAMR	B	0.16%	0.04%	0.04%
LAUR	A	0.06%	0.01%	0.01%
LGND	A	0.04%	0.01%	0.01%
LITE	F	0.05%	0.01%	0.01%
LNW	C	0.15%	0.04%	0.04%
LYFT	A	0.17%	0.02%	0.02%
MAT	D	0.23%	0.03%	0.03%
MATW	F	0.03%	0.01%	0.01%
MDGL	C	0.12%	0.03%	0.03%
ME	F	0.0%	0.0%	0.0%
MGEE	A	0.08%	0.01%	0.01%
MGRC	D	0.1%	0.01%	0.01%
MIDD	C	0.13%	0.03%	0.03%
MKSI	C	0.27%	0.03%	0.03%
MLKN	D	0.07%	0.01%	0.01%
MNRO	F	0.03%	0.01%	0.01%
MXL	C	0.02%	0.01%	0.01%
MYGN	D	0.06%	0.01%	0.01%
NAVI	D	0.04%	0.01%	0.01%
NBTB	D	0.05%	0.01%	0.01%
NSIT	C	0.2%	0.03%	0.03%
NTCT	F	0.05%	0.01%	0.01%
NUVL	D	0.1%	0.02%	0.02%
NWBI	D	0.05%	0.01%	0.01%
NWE	D	0.1%	0.01%	0.01%
NWL	F	0.1%	0.0%	0.0%
NXST	C	0.18%	0.03%	0.03%
ODP	D	0.06%	0.02%	0.02%
OMCL	F	0.02%	0.0%	0.0%
ONB	D	0.16%	0.02%	0.02%
OPK	C	0.01%	0.01%	0.01%
OSIS	A	0.07%	0.01%	0.01%
OTTR	D	0.12%	0.02%	0.02%
OZK	C	0.16%	0.02%	0.02%
PACB	F	0.05%	0.0%	0.0%
PARA	F	0.09%	0.03%	0.03%
PCH	F	0.12%	0.01%	0.01%
PDCO	F	0.08%	0.01%	0.01%
PECO	D	0.07%	0.02%	0.02%
PENN	F	0.09%	0.01%	0.01%
PINC	F	0.08%	0.01%	0.01%
PLXS	C	0.09%	0.01%	0.01%
PNFP	D	0.1%	0.03%	0.03%
PPBI	F	0.07%	0.01%	0.01%
PPC	A	0.04%	0.04%	0.04%
PRGS	F	0.08%	0.01%	0.01%
PSMT	C	0.07%	0.01%	0.01%
PTEN	D	0.16%	0.02%	0.02%
PTVE	A	0.02%	0.02%	0.02%
RDUS	F	0.02%	0.0%	0.0%
REG	D	0.19%	0.04%	0.04%
REYN	C	0.05%	0.03%	0.03%
RKLB	F	0.04%	0.01%	0.01%
ROIC	D	0.05%	0.01%	0.01%
RRR	A	0.1%	0.01%	0.01%
RUSHA	A	0.1%	0.02%	0.02%
SAFT	C	0.04%	0.01%	0.01%
SAIC	D	0.24%	0.03%	0.03%
SANM	D	0.11%	0.02%	0.02%
SBRA	B	0.11%	0.02%	0.02%
SCHL	D	0.03%	0.01%	0.01%
SEIC	B	0.26%	0.04%	0.04%
SFM	A	0.21%	0.03%	0.03%
SFNC	D	0.08%	0.01%	0.01%
SHOO	D	0.05%	0.02%	0.02%
SIGI	B	0.21%	0.03%	0.03%
SKIN	D	0.0%	0.0%	0.0%
SLM	A	0.15%	0.02%	0.02%
SMTC	A	0.02%	0.01%	0.01%
SRCL	D	0.17%	0.0%	0.0%
SSP	F	0.01%	0.0%	0.0%
STEP	A	0.03%	0.02%	0.02%
STLD	A	0.34%	0.1%	0.1%
STRA	C	0.08%	0.01%	0.01%
SUPN	C	0.05%	0.01%	0.01%
SVC	F	0.04%	0.01%	0.01%
SYNA	F	0.13%	0.01%	0.01%
TCBI	D	0.09%	0.01%	0.01%
TOWN	D	0.06%	0.01%	0.01%
TPG	B	0.11%	0.02%	0.02%
TRMK	C	0.05%	0.01%	0.01%
TRS	D	0.03%	0.01%	0.01%
TTEC	F	0.01%	0.0%	0.0%
TTEK	A	0.31%	0.04%	0.04%
TTMI	D	0.05%	0.01%	0.01%
TWKS	F	0.01%	0.0%	0.0%
UBSI	D	0.15%	0.02%	0.02%
UCBI	D	0.1%	0.01%	0.01%
UDMY	F	0.02%	0.01%	0.01%
UFPI	C	0.22%	0.03%	0.03%
UMBF	B	0.1%	0.02%	0.02%
UNIT	D	0.05%	0.01%	0.01%
URBN	D	0.09%	0.02%	0.02%
UTHR	A	0.35%	0.04%	0.04%
VCTR	A	0.03%	0.02%	0.02%
VIAV	F	0.07%	0.01%	0.01%
VIRT	A	0.05%	0.01%	0.01%
VLY	F	0.12%	0.02%	0.02%
VRNT	D	0.06%	0.01%	0.01%
VSAT	F	0.07%	0.01%	0.01%
WABC	D	0.04%	0.01%	0.01%
WAFD	D	0.06%	0.01%	0.01%
WEN	B	0.1%	0.02%	0.02%
WERN	F	0.08%	0.01%	0.01%
WIRE	A	0.12%	0.03%	0.03%
WOOF	F	0.01%	0.0%	0.0%
WSBC	D	0.05%	0.01%	0.01%
WSFS	C	0.08%	0.01%	0.01%
WTFC	B	0.19%	0.02%	0.02%
WWD	A	0.14%	0.04%	0.04%
XRAY	D	0.23%	0.03%	0.03%
XRX	D	0.07%	0.01%	0.01%
Z	F	0.14%	0.03%	0.03%
ZD	F	0.1%	0.01%	0.01%
ZG	F	0.03%	0.01%	0.01%
ZION	C	0.19%	0.03%	0.03%

VBR Overweight 584 Positions Relative to ONEQ

Symbol	Grade	Weight
BLDR	D	0.79%
BAH	C	0.64%
RS	A	0.61%
IEX	B	0.59%
JBL	D	0.58%
CSL	A	0.56%
ATO	C	0.51%
BG	A	0.5%
EME	A	0.49%
RPM	C	0.49%
XPO	A	0.44%
KIM	D	0.44%
OC	A	0.44%
OVV	A	0.44%
PNR	A	0.42%
TOL	C	0.41%
NRG	A	0.41%
ACM	A	0.4%
WSM	A	0.4%
RNR	C	0.39%
JNPR	C	0.39%
PFGC	C	0.39%
RRX	C	0.38%
HII	C	0.38%
EQH	A	0.38%
WRK	A	0.38%
RGA	B	0.38%
NVT	A	0.37%
ALLE	C	0.37%
USFD	A	0.37%
TPR	D	0.36%
CLF	A	0.35%
HUBB	A	0.34%
SCI	C	0.34%
ITT	B	0.34%
BBWI	D	0.34%
ALLY	C	0.33%
BRO	C	0.32%
UHS	C	0.32%
BJ	A	0.32%
THC	A	0.31%
X	D	0.31%
AIZ	C	0.31%
JLL	C	0.3%
AFG	B	0.3%
BXP	D	0.3%
ATR	C	0.3%
KNX	D	0.29%
LDOS	B	0.29%
CACI	B	0.28%
DINO	B	0.28%
WTRG	D	0.28%
PRI	D	0.28%
DCI	A	0.28%
RHI	D	0.27%
KBR	A	0.27%
EGP	D	0.27%
UNM	B	0.27%
WBS	D	0.27%
LAD	D	0.27%
FRT	C	0.27%
NCLH	D	0.27%
PVH	D	0.27%
PNW	C	0.26%
AYI	B	0.26%
ELAN	D	0.26%
FHN	C	0.26%
ARMK	A	0.26%
GPK	A	0.26%
MUSA	A	0.26%
LEA	D	0.26%
NNN	D	0.25%
APG	A	0.25%
EHC	A	0.25%
PR	A	0.25%
OHI	C	0.25%
WCC	D	0.25%
INGR	C	0.25%
SWN	A	0.25%
VOYA	C	0.24%
DKS	A	0.24%
AXTA	C	0.24%
RRC	A	0.24%
OSK	A	0.24%
ORI	B	0.24%
BWA	D	0.24%
FCN	A	0.24%
SF	B	0.24%
AIT	B	0.24%
HWM	B	0.23%
MSA	A	0.23%
NYT	D	0.23%
AR	A	0.23%
AGCO	C	0.23%
FR	C	0.23%
HRB	C	0.23%
OGE	C	0.22%
OLN	C	0.22%
VNT	C	0.22%
RL	D	0.22%
ALSN	A	0.22%
STAG	D	0.22%
IVZ	D	0.22%
BRX	D	0.22%
CFR	A	0.21%
KMX	D	0.21%
FLR	A	0.21%
CMC	A	0.21%
ATKR	A	0.21%
EVR	B	0.21%
RLI	C	0.21%
ARW	C	0.21%
DVA	A	0.21%
BERY	D	0.21%
SSB	C	0.21%
MHK	C	0.21%
THO	D	0.21%
CMA	C	0.21%
WAL	D	0.2%
IPG	D	0.2%
BC	C	0.2%
STWD	D	0.2%
ANF	D	0.2%
SNX	A	0.2%
UHAL	D	0.2%
JEF	C	0.2%
TAP	B	0.19%
OMF	B	0.19%
ESAB	A	0.19%
GL	F	0.19%
VFC	F	0.19%
FAF	D	0.19%
MTH	C	0.19%
TMHC	C	0.19%
FYBR	A	0.19%
MUR	A	0.19%
WHR	D	0.19%
TKR	A	0.18%
CPRI	F	0.18%
BCC	B	0.18%
ESI	A	0.18%
ESNT	C	0.18%
FIX	A	0.18%
MTG	C	0.18%
ADC	D	0.18%
MLI	A	0.18%
SON	B	0.18%
FLS	A	0.18%
PB	D	0.18%
VVV	B	0.18%
WTS	C	0.18%
DTM	A	0.18%
SEE	F	0.17%
COTY	D	0.17%
KD	D	0.17%
CPT	D	0.17%
CADE	C	0.17%
SUM	C	0.17%
AN	A	0.17%
RYN	C	0.17%
UGI	C	0.17%
PBF	A	0.17%
KEX	A	0.17%
ST	D	0.17%
EMN	A	0.17%
TFX	D	0.17%
SNV	B	0.17%
AMG	B	0.17%
CBT	A	0.16%
KBH	D	0.16%
M	D	0.16%
FNB	C	0.16%
ALK	B	0.16%
AXS	B	0.16%
LPX	C	0.16%
R	B	0.16%
AA	A	0.16%
WU	B	0.16%
CTLT	C	0.16%
PII	D	0.16%
AGO	D	0.16%
ETRN	A	0.15%
MDU	A	0.15%
VMI	D	0.15%
OGN	B	0.15%
ASGN	C	0.15%
RDN	C	0.15%
AIRC	A	0.15%
IDA	D	0.15%
NFG	A	0.15%
GATX	B	0.15%
AM	A	0.15%
COHR	D	0.15%
VNO	C	0.15%
HOG	C	0.15%
DOC	A	0.15%
CCK	C	0.15%
SWX	A	0.15%
MSM	D	0.15%
LNC	C	0.15%
JHG	B	0.14%
GBCI	D	0.14%
KNF	A	0.14%
AEO	C	0.14%
DXC	F	0.14%
THG	C	0.14%
AL	A	0.14%
HOMB	D	0.14%
FUL	C	0.14%
ABG	C	0.14%
WTM	C	0.14%
MOG.A	A	0.14%
ASH	B	0.14%
HUN	D	0.14%
SIG	C	0.14%
JXN	A	0.14%
AEL	A	0.14%
ZWS	B	0.14%
AAP	C	0.13%
ACA	C	0.13%
POR	D	0.13%
NJR	D	0.13%
KMPR	D	0.12%
SLGN	A	0.12%
GPS	C	0.12%
FMC	D	0.12%
MAN	D	0.12%
BKH	D	0.12%
NVST	F	0.12%
MAC	C	0.12%
BCO	A	0.12%
BDC	C	0.12%
GPI	C	0.12%
PRGO	D	0.12%
CRC	A	0.12%
GMS	A	0.12%
TEX	A	0.12%
ITGR	A	0.12%
TDC	F	0.12%
MATX	C	0.12%
AVNT	A	0.12%
GME	F	0.12%
ENS	D	0.12%
MDC	A	0.12%
FLO	A	0.12%
FL	F	0.11%
ALE	B	0.11%
NPO	B	0.11%
SPR	A	0.11%
NYCB	F	0.11%
OGS	D	0.11%
APLE	D	0.11%
PK	A	0.11%
KTB	D	0.11%
HI	C	0.11%
BIO	F	0.11%
KFY	C	0.11%
PSN	A	0.11%
TPH	B	0.11%
PBH	C	0.11%
CUZ	C	0.11%
ARCH	B	0.1%
SKT	C	0.1%
FHI	C	0.1%
CC	D	0.1%
AIN	D	0.1%
ENOV	D	0.1%
APAM	B	0.1%
HCC	A	0.1%
SR	D	0.1%
VAC	B	0.1%
ASB	B	0.1%
DNB	D	0.1%
WD	D	0.1%
TNL	C	0.1%
G	F	0.1%
KSS	D	0.1%
EPR	D	0.1%
PAG	D	0.1%
REZI	C	0.1%
SLG	C	0.1%
PNM	F	0.1%
ALIT	C	0.1%
CNX	A	0.1%
GFF	C	0.1%
PIPR	B	0.1%
HIW	B	0.09%
LEG	F	0.09%
OI	F	0.09%
ESE	D	0.09%
SKYW	A	0.09%
AWR	F	0.09%
DOC	A	0.09%
GTES	A	0.09%
CTRE	A	0.09%
ABM	A	0.09%
AROC	A	0.09%
AX	D	0.09%
SPB	C	0.09%
VSH	F	0.09%
BTU	C	0.09%
TGNA	F	0.09%
MTRN	D	0.09%
GNW	D	0.09%
FBP	B	0.09%
BXMT	D	0.09%
BNL	D	0.09%
SMG	A	0.09%
SEM	C	0.09%
HASI	C	0.09%
CRI	D	0.09%
SXT	A	0.09%
CNO	C	0.09%
SHO	C	0.08%
MTX	B	0.08%
NHI	A	0.08%
EVTC	D	0.08%
MTZ	B	0.08%
GHC	B	0.08%
BOH	D	0.08%
CBU	D	0.08%
VSTS	C	0.08%
BRC	B	0.08%
AUB	D	0.08%
RXO	C	0.08%
POST	C	0.08%
ADTN	F	0.08%
MPW	C	0.08%
LXP	C	0.08%
SM	A	0.08%
UNF	D	0.08%
SITC	C	0.08%
AVA	D	0.08%
DRH	B	0.07%
HNI	C	0.07%
BKU	D	0.07%
KMT	D	0.07%
PRIM	A	0.07%
WOR	D	0.07%
JWN	D	0.07%
ENR	F	0.07%
EAT	C	0.07%
SXI	B	0.07%
TRN	A	0.07%
DEI	D	0.07%
PFSI	B	0.07%
OUT	A	0.07%
JBLU	C	0.07%
VSCO	F	0.07%
KRC	D	0.07%
WLK	A	0.07%
AIR	D	0.07%
GVA	A	0.07%
ABR	D	0.07%
RNST	D	0.06%
B	D	0.06%
UAA	F	0.06%
OFG	D	0.06%
HP	A	0.06%
TROX	A	0.06%
AZZ	A	0.06%
JOBY	F	0.06%
DY	A	0.06%
OMI	A	0.06%
THS	F	0.06%
MC	C	0.06%
HBI	D	0.06%
MIR	A	0.06%
CWEN	D	0.06%
CWK	C	0.06%
EPC	D	0.06%
PRK	C	0.06%
ATGE	D	0.06%
GOLF	C	0.06%
SCL	D	0.06%
UE	D	0.06%
PWSC	D	0.06%
PEB	C	0.06%
CNK	A	0.06%
EQC	F	0.06%
PRG	D	0.05%
NMRK	D	0.05%
CNNE	D	0.05%
CODI	C	0.05%
HTH	D	0.05%
DOOR	A	0.05%
COMP	C	0.05%
CBRL	F	0.05%
KN	D	0.05%
GEO	A	0.05%
JELD	C	0.05%
HMN	C	0.05%
VGR	D	0.05%
DBRG	D	0.05%
DNOW	A	0.05%
OXM	B	0.05%
CRS	A	0.05%
NATL	C	0.05%
GBX	A	0.05%
TDS	F	0.05%
DK	A	0.05%
SFBS	D	0.05%
SATS	C	0.05%
GEF	D	0.05%
ARI	C	0.05%
VRTS	D	0.05%
JBGS	D	0.05%
PHIN	A	0.05%
INFA	A	0.05%
XHR	B	0.05%
IVT	D	0.05%
DAN	F	0.05%
LUMN	F	0.05%
LZB	D	0.05%
CXW	A	0.05%
KAR	A	0.05%
GNL	F	0.05%
UA	F	0.05%
AKR	A	0.05%
SCSC	C	0.04%
PFS	F	0.04%
UVV	D	0.04%
KOP	A	0.04%
SPNT	C	0.04%
STBA	D	0.04%
CMTG	F	0.04%
NX	A	0.04%
LGF.A	A	0.04%
INSW	A	0.04%
CVI	C	0.04%
EIG	C	0.04%
ALEX	F	0.04%
PMT	C	0.04%
MSGE	A	0.04%
SCS	D	0.04%
LRN	D	0.04%
LADR	C	0.04%
BKE	D	0.04%
GTY	D	0.04%
WNC	C	0.04%
APOG	B	0.04%
FCF	D	0.04%
NBHC	D	0.04%
NHC	D	0.04%
ESRT	C	0.04%
NWN	F	0.04%
DDS	D	0.04%
KAMN	A	0.04%
LTC	C	0.04%
HE	F	0.04%
RNG	F	0.04%
SBH	F	0.04%
MCY	A	0.04%
AMRX	C	0.03%
RGR	C	0.03%
WWW	D	0.03%
MD	D	0.03%
AXL	D	0.03%
PDM	C	0.03%
REVG	A	0.03%
SEB	F	0.03%
VSTO	A	0.03%
LEVI	A	0.03%
AMWD	C	0.03%
HLF	D	0.03%
BRKL	D	0.03%
ETWO	D	0.03%
MMI	D	0.03%
LC	C	0.03%
DLX	D	0.03%
AAT	D	0.03%
AMC	F	0.03%
BASE	D	0.03%
AVNS	F	0.03%
SNDR	F	0.03%
UNFI	F	0.03%
BHLB	D	0.03%
CRGY	C	0.03%
CDE	B	0.03%
HPP	F	0.03%
MATV	A	0.03%
HAIN	F	0.03%
BRSP	D	0.03%
BGS	B	0.03%
EPAC	A	0.03%
NWLI	A	0.03%
THR	A	0.03%
FDP	A	0.03%
MRC	B	0.03%
PRLB	D	0.03%
HCSG	C	0.03%
PRAA	C	0.03%
AIV	A	0.03%
CHGG	F	0.03%
CIM	F	0.03%
ECVT	C	0.03%
BKD	A	0.03%
HAYW	C	0.03%
WS	B	0.03%
NNI	A	0.03%
HL	B	0.03%
BHE	B	0.03%
WMK	D	0.03%
KW	F	0.02%
CMP	F	0.02%
KREF	D	0.02%
BFS	D	0.02%
NAPA	F	0.02%
ACCO	D	0.02%
TGI	D	0.02%
CWH	F	0.02%
CCO	F	0.02%
BMBL	F	0.02%
TMP	F	0.02%
USNA	F	0.02%
UFCS	D	0.02%
CRNC	F	0.02%
UHAL	D	0.02%
CARS	F	0.02%
FOR	A	0.02%
SWI	D	0.02%
HY	C	0.02%
NUS	F	0.02%
LGF.A	A	0.02%
HTLF	C	0.02%
PRA	C	0.02%
KNSA	D	0.02%
ATUS	F	0.02%
CAL	D	0.02%
PBI	C	0.02%
EGBN	F	0.02%
SAH	D	0.02%
CWEN	D	0.02%
PUMP	C	0.02%
VREX	F	0.02%
AMBC	D	0.02%
FG	D	0.02%
DIN	F	0.02%
RWT	F	0.02%
MEI	F	0.02%
HLIO	B	0.02%
BDN	D	0.02%
GES	A	0.02%
LDI	D	0.01%
SMR	B	0.01%
GDOT	F	0.01%
BRCC	C	0.01%
KRO	A	0.01%
TRTX	A	0.01%
ALX	B	0.01%
GPRO	F	0.01%
UWMC	D	0.01%
EE	C	0.01%
NVRI	C	0.01%
SWBI	A	0.01%
BV	A	0.01%
INN	B	0.01%
EAF	C	0.01%
GCMG	A	0.01%
CLB	C	0.01%
SAVE	F	0.01%
RUSHB	C	0.01%
RMR	D	0.01%
ZIP	F	0.01%
BJRI	D	0.01%
AMK	A	0.01%
AMCX	F	0.01%
WRLD	A	0.01%
NPK	A	0.01%
CENT	D	0.01%
GRC	B	0.01%
NABL	D	0.01%
TILE	C	0.01%
MED	F	0.01%
DBI	F	0.01%
USM	F	0.01%
RC	F	0.0%
AC	F	0.0%
WOW	D	0.0%
OLPX	F	0.0%
COMM	F	0.0%
PAHC	A	0.0%
GEF	D	0.0%
CRCT	D	0.0%

VBR Underweight 666 Positions Relative to ONEQ

Symbol	Grade	Weight
MSFT	B	-12.01%
AAPL	F	-10.2%
NVDA	A	-8.51%
AMZN	A	-7.43%
META	A	-4.29%
GOOGL	A	-3.55%
GOOG	A	-3.45%
AVGO	A	-2.4%
TSLA	F	-1.95%
COST	C	-1.22%
NFLX	A	-1.05%
AMD	D	-1.01%
PEP	C	-0.89%
ADBE	D	-0.85%
LIN	B	-0.85%
CSCO	D	-0.76%
TMUS	C	-0.74%
QCOM	A	-0.72%
AMAT	A	-0.69%
INTU	C	-0.66%
CMCSA	D	-0.61%
TXN	B	-0.59%
INTC	F	-0.58%
AMGN	D	-0.55%
ISRG	C	-0.53%
MU	A	-0.52%
HON	D	-0.5%
LRCX	A	-0.5%
BKNG	C	-0.48%
ADP	C	-0.39%
VRTX	C	-0.39%
REGN	C	-0.38%
KLAC	A	-0.37%
SBUX	F	-0.37%
ADI	B	-0.37%
MDLZ	D	-0.35%
GILD	F	-0.33%
ASML	A	-0.32%
PANW	C	-0.32%
MAR	B	-0.31%
SNPS	D	-0.31%
CDNS	B	-0.31%
CME	C	-0.29%
PDD	D	-0.29%
PYPL	A	-0.28%
CSX	D	-0.28%
CTAS	A	-0.27%
MELI	D	-0.27%
ORLY	A	-0.27%
EQIX	D	-0.26%
CRWD	D	-0.25%
CEG	A	-0.24%
PCAR	A	-0.24%
ABNB	B	-0.24%
MNST	D	-0.23%
MRVL	C	-0.23%
NXPI	C	-0.23%
ROP	C	-0.22%
SMCI	B	-0.22%
CPRT	A	-0.21%
FTNT	D	-0.2%
WDAY	D	-0.2%
DXCM	A	-0.2%
ROST	C	-0.19%
DASH	A	-0.19%
ODFL	A	-0.19%
ADSK	D	-0.19%
KHC	A	-0.18%
MCHP	B	-0.18%
KDP	C	-0.17%
PAYX	B	-0.17%
FAST	D	-0.16%
LULU	F	-0.16%
MRNA	B	-0.16%
COIN	B	-0.16%
AZN	A	-0.16%
AEP	C	-0.16%
GEHC	C	-0.15%
CHTR	F	-0.15%
IDXX	D	-0.15%
EXC	D	-0.14%
ACGL	A	-0.14%
TTD	A	-0.14%
CTSH	D	-0.14%
DDOG	B	-0.14%
FANG	A	-0.14%
CDW	B	-0.13%
EA	D	-0.13%
VRSK	D	-0.13%
CSGP	C	-0.13%
NDAQ	A	-0.13%
MPWR	D	-0.12%
CCEP	C	-0.12%
BKR	C	-0.12%
XEL	D	-0.11%
DLTR	D	-0.11%
TEAM	D	-0.11%
WTW	C	-0.11%
ANSS	B	-0.11%
EBAY	A	-0.11%
BIIB	F	-0.11%
MDB	F	-0.1%
GFS	F	-0.1%
TROW	C	-0.1%
TSCO	B	-0.1%
ON	F	-0.1%
NTAP	A	-0.09%
ALGN	C	-0.09%
ICLR	D	-0.09%
TTWO	D	-0.09%
FITB	B	-0.09%
ZS	F	-0.09%
HOLX	C	-0.08%
HBAN	B	-0.08%
CHKP	C	-0.08%
ENTG	C	-0.08%
WBD	F	-0.08%
VRSN	F	-0.08%
PFG	B	-0.08%
TCOM	A	-0.08%
LPLA	C	-0.08%
APP	A	-0.08%
WDC	A	-0.08%
SBAC	D	-0.08%
AXON	A	-0.08%
ULTA	D	-0.08%
PTC	C	-0.08%
NTRS	C	-0.07%
ALNY	F	-0.07%
BMRN	A	-0.07%
MSTR	B	-0.07%
CELH	C	-0.07%
STX	D	-0.07%
DKNG	A	-0.07%
EXPE	D	-0.07%
ILMN	F	-0.07%
ERIE	B	-0.07%
FSLR	B	-0.07%
JBHT	D	-0.07%
CINF	A	-0.07%
VTRS	D	-0.06%
LECO	C	-0.06%
TRMB	B	-0.06%
MEDP	B	-0.06%
ZBRA	C	-0.06%
ENPH	F	-0.06%
SAIA	C	-0.06%
HOOD	A	-0.06%
ZM	F	-0.06%
MANH	D	-0.06%
NDSN	B	-0.06%
WBA	F	-0.06%
SSNC	C	-0.06%
TER	A	-0.06%
AKAM	D	-0.06%
SWKS	D	-0.06%
ARM	D	-0.05%
SRPT	D	-0.05%
TXRH	A	-0.05%
NTES	D	-0.05%
TW	C	-0.05%
EXAS	C	-0.05%
RPRX	D	-0.05%
INCY	F	-0.05%
JD	C	-0.05%
BSY	D	-0.05%
PODD	D	-0.05%
CASY	A	-0.05%
JKHY	C	-0.05%
SIRI	F	-0.05%
GRAB	C	-0.05%
PAA	A	-0.05%
UAL	F	-0.05%
SNY	D	-0.05%
BRKR	C	-0.05%
LOGI	D	-0.05%
MORN	B	-0.05%
HST	C	-0.05%
FLEX	A	-0.05%
NBIX	B	-0.05%
NTNX	A	-0.05%
LKQ	D	-0.05%
POOL	C	-0.05%
OKTA	C	-0.05%
BIDU	F	-0.05%
PCTY	F	-0.04%
TECH	F	-0.04%
CYTK	D	-0.04%
NWSA	D	-0.04%
OTEX	D	-0.04%
NTRA	A	-0.04%
CHDN	A	-0.04%
CYBR	D	-0.04%
XP	D	-0.04%
QRVO	C	-0.04%
DOX	D	-0.04%
WYNN	C	-0.04%
IBKR	A	-0.04%
DOCU	A	-0.04%
WFRD	A	-0.04%
SWAV	A	-0.04%
EVRG	D	-0.04%
LSCC	D	-0.04%
LNT	D	-0.04%
WING	A	-0.04%
ARGX	F	-0.04%
NICE	C	-0.04%
LBRDK	F	-0.03%
QLYS	D	-0.03%
BGNE	F	-0.03%
ZI	F	-0.03%
NOVT	D	-0.03%
BPMC	C	-0.03%
APLS	F	-0.03%
PCVX	D	-0.03%
IONS	D	-0.03%
DBX	F	-0.03%
SPSC	D	-0.03%
HTHT	B	-0.03%
SOFI	F	-0.03%
SVRA	B	-0.03%
HLNE	B	-0.03%
HQY	C	-0.03%
IEP	F	-0.03%
ROKU	F	-0.03%
AFRM	D	-0.03%
DUOL	C	-0.03%
FOX	C	-0.03%
RMBS	D	-0.03%
BNTX	F	-0.03%
STNE	D	-0.03%
CERE	B	-0.03%
COKE	D	-0.03%
RGLD	A	-0.03%
OLED	D	-0.03%
ENSG	C	-0.03%
MTSI	A	-0.03%
MKTX	F	-0.03%
CZR	F	-0.03%
GNTX	C	-0.03%
FIVE	F	-0.03%
MNDY	D	-0.03%
WIX	D	-0.03%
EXEL	A	-0.03%
CHX	A	-0.03%
AAON	A	-0.03%
RGEN	D	-0.03%
WSC	D	-0.03%
FOXA	C	-0.03%
RIVN	F	-0.03%
ASND	C	-0.03%
ITCI	B	-0.03%
MTCH	F	-0.03%
AXSM	F	-0.02%
CRDO	D	-0.02%
MYRG	A	-0.02%
TRMD	A	-0.02%
PRCT	A	-0.02%
SMPL	D	-0.02%
PLAY	C	-0.02%
TGTX	D	-0.02%
BL	C	-0.02%
AXNX	C	-0.02%
TIGO	A	-0.02%
MRUS	D	-0.02%
LNTH	B	-0.02%
ACLS	F	-0.02%
AEIS	D	-0.02%
KURA	D	-0.02%
ACIW	B	-0.02%
CVCO	C	-0.02%
TFSL	D	-0.02%
LEGN	F	-0.02%
PATK	D	-0.02%
MGNX	C	-0.02%
RARE	D	-0.02%
FORM	A	-0.02%
PAGP	A	-0.02%
MARA	F	-0.02%
RDNT	A	-0.02%
ITRI	A	-0.02%
PI	A	-0.02%
POWI	F	-0.02%
ALKS	F	-0.02%
MMSI	D	-0.02%
ACAD	F	-0.02%
APPF	D	-0.02%
IPGP	F	-0.02%
EXPO	D	-0.02%
MASI	B	-0.02%
FUTU	B	-0.02%
ALTR	C	-0.02%
ALGM	D	-0.02%
GERN	A	-0.02%
INSM	D	-0.02%
IPAR	F	-0.02%
GTLB	F	-0.02%
OPCH	D	-0.02%
SWTX	D	-0.02%
FIZZ	F	-0.02%
AVAV	A	-0.02%
CFLT	F	-0.02%
RCM	D	-0.02%
VRRM	A	-0.02%
FROG	D	-0.02%
SHC	F	-0.02%
SLAB	D	-0.02%
CRVL	C	-0.02%
CRSP	F	-0.02%
VERA	C	-0.02%
CROX	C	-0.02%
CVLT	B	-0.02%
LANC	C	-0.02%
OLLI	D	-0.02%
TENB	D	-0.02%
GLBE	D	-0.02%
WMG	C	-0.02%
LOPE	C	-0.02%
CWST	A	-0.02%
FELE	B	-0.02%
BCPC	C	-0.02%
NWS	D	-0.02%
COLM	D	-0.02%
BZ	A	-0.02%
EXLS	D	-0.02%
RVMD	A	-0.02%
LCID	F	-0.02%
MMYT	B	-0.02%
ETSY	D	-0.02%
FRHC	F	-0.02%
HALO	D	-0.02%
EEFT	D	-0.02%
LSTR	D	-0.02%
VRNS	D	-0.02%
LI	F	-0.02%
NFE	F	-0.02%
LFUS	D	-0.02%
CGNX	D	-0.02%
PEGA	D	-0.02%
NKLA	D	-0.01%
APEI	B	-0.01%
TRDA	F	-0.01%
ACCD	F	-0.01%
OABI	F	-0.01%
ISTR	C	-0.01%
GOGO	F	-0.01%
TYRA	F	-0.01%
JACK	F	-0.01%
GSM	C	-0.01%
DCOM	F	-0.01%
VTYX	F	-0.01%
MOMO	D	-0.01%
CPRX	A	-0.01%
ATRC	F	-0.01%
NVCR	F	-0.01%
HLVX	F	-0.01%
BILI	C	-0.01%
PRTA	F	-0.01%
CTKB	F	-0.01%
LILM	F	-0.01%
YY	D	-0.01%
SHLS	F	-0.01%
LWLG	F	-0.01%
SNCY	F	-0.01%
PFC	D	-0.01%
PTON	F	-0.01%
CRSR	F	-0.01%
SAGE	F	-0.01%
SABR	F	-0.01%
INMB	F	-0.01%
ALGT	F	-0.01%
SFIX	F	-0.01%
RILY	C	-0.01%
KIDS	B	-0.01%
IMCR	F	-0.01%
IBUY	B	-0.01%
VCYT	F	-0.01%
ENVX	F	-0.01%
INMD	F	-0.01%
ABCL	F	-0.01%
ETNB	F	-0.01%
INDI	F	-0.01%
SAVA	D	-0.01%
NEOG	F	-0.01%
GDYN	F	-0.01%
EXPI	F	-0.01%
CNSL	C	-0.01%
CARG	C	-0.01%
RLAY	F	-0.01%
GDEN	D	-0.01%
TCBK	F	-0.01%
PLMR	A	-0.01%
SITM	F	-0.01%
SGH	F	-0.01%
CIFR	C	-0.01%
TTGT	F	-0.01%
OPEN	F	-0.01%
GHRS	B	-0.01%
EDIT	F	-0.01%
IMKTA	F	-0.01%
PCT	D	-0.01%
SILK	B	-0.01%
PCRX	F	-0.01%
IRWD	F	-0.01%
VRNA	F	-0.01%
STAA	B	-0.01%
GPRE	D	-0.01%
AVO	B	-0.01%
BUSE	D	-0.01%
AAOI	F	-0.01%
COHU	F	-0.01%
PLUG	F	-0.01%
VMEO	F	-0.01%
IMTX	D	-0.01%
OCFC	D	-0.01%
CMPR	C	-0.01%
AMBA	F	-0.01%
SYBT	D	-0.01%
SLP	A	-0.01%
ULH	C	-0.01%
FLYW	F	-0.01%
DVAX	D	-0.01%
HLIT	F	-0.01%
MNKD	D	-0.01%
DOOO	C	-0.01%
ARCT	D	-0.01%
MORF	F	-0.01%
AHCO	B	-0.01%
IAS	F	-0.01%
RIOT	F	-0.01%
ESTA	B	-0.01%
XNCR	F	-0.01%
RNW	F	-0.01%
GMAB	C	-0.01%
MCRI	B	-0.01%
TXG	F	-0.01%
EXTR	F	-0.01%
NVEE	F	-0.01%
HCP	D	-0.01%
AY	D	-0.01%
FLNC	F	-0.01%
GABC	B	-0.01%
MLCO	F	-0.01%
GH	F	-0.01%
LYEL	A	-0.01%
CHEF	D	-0.01%
XPEL	D	-0.01%
FOXF	F	-0.01%
PTCT	F	-0.01%
IQ	C	-0.01%
ACVA	A	-0.01%
UPST	F	-0.01%
MRTN	F	-0.01%
EFSC	D	-0.01%
ARRY	F	-0.01%
MRCY	F	-0.01%
RXRX	F	-0.01%
UPWK	F	-0.01%
THRM	D	-0.01%
LKFN	D	-0.01%
CRTO	A	-0.01%
CNXN	C	-0.01%
CMCO	C	-0.01%
PZZA	F	-0.01%
EVCM	F	-0.01%
NEO	F	-0.01%
HRMY	D	-0.01%
RGNX	F	-0.01%
TLRY	D	-0.01%
VBTX	D	-0.01%
SGRY	F	-0.01%
SDGR	F	-0.01%
MGPI	F	-0.01%
EVBG	A	-0.01%
RBCAA	D	-0.01%
SBCF	D	-0.01%
SONO	D	-0.01%
SPNS	A	-0.01%
WVE	C	-0.01%
ADUS	A	-0.01%
FBNC	D	-0.01%
NARI	F	-0.01%
INTA	F	-0.01%
PRVA	F	-0.01%
BRP	C	-0.01%
APPN	C	-0.01%
NTLA	F	-0.01%
PLYA	B	-0.01%
EYPT	C	-0.01%
NMIH	B	-0.01%
DNLI	F	-0.01%
TREE	C	-0.01%
ARWR	F	-0.01%
LFST	F	-0.01%
RUN	F	-0.01%
QNST	A	-0.01%
GOGL	A	-0.01%
PYCR	F	-0.01%
SRAD	D	-0.01%
QFIN	A	-0.01%
PLAB	D	-0.01%
CGNT	D	-0.01%
ASTH	C	-0.01%
MBIN	D	-0.01%
INBX	D	-0.01%
TBBK	D	-0.01%
PLUS	C	-0.01%
AMPH	D	-0.01%
JJSF	F	-0.01%
KTOS	D	-0.01%
REAL	B	-0.01%
INBK	D	-0.01%
RCKT	D	-0.01%
BRZE	F	-0.01%
VC	F	-0.01%
FIVN	F	-0.01%
SEDG	F	-0.01%
NCNO	D	-0.01%
KROS	D	-0.01%
ROCK	D	-0.01%
CORT	D	-0.01%
CLDX	D	-0.01%
SIMO	B	-0.01%
FRSH	F	-0.01%
TMDX	A	-0.01%
LILAK	C	-0.01%
SIGA	A	-0.01%
NNBR	D	-0.01%
DORM	B	-0.01%
CERT	C	-0.01%
UCTT	C	-0.01%
FOLD	D	-0.01%
TNDM	B	-0.01%
LGIH	F	-0.01%
IRTC	D	-0.01%
NRIX	B	-0.01%
FRPT	A	-0.01%
SANA	C	-0.01%
RPD	F	-0.01%
RYTM	D	-0.01%
SPT	D	-0.01%
ATEC	F	-0.01%
TWST	D	-0.01%
PGNY	D	-0.01%
LIVN	C	-0.01%
CSWI	A	-0.01%
XENE	D	-0.01%
KLIC	D	-0.01%
ARLP	A	-0.01%
IRDM	F	-0.01%
ICFI	C	-0.01%
GLNG	A	-0.01%
CASH	D	-0.01%
GSHD	F	-0.01%
BEAM	F	-0.01%
KYMR	D	-0.01%
DIOD	D	-0.01%
ROAD	A	-0.01%
ACLX	D	-0.01%
CALM	A	-0.01%
SMMT	D	-0.01%
CCOI	D	-0.01%
CHCI	A	-0.01%
ALRM	D	-0.01%
WDFC	D	-0.01%
RMGC	F	-0.0%
MURA	F	-0.0%
BRID	D	-0.0%
HLTH	F	-0.0%
CARV	F	-0.0%
YNDX	C	-0.0%
PIII	F	-0.0%
MAXN	F	-0.0%
OPI	F	-0.0%
OXBR	D	-0.0%
FBRX	A	-0.0%
TLSA	D	-0.0%
JRVR	D	-0.0%
AEHR	F	-0.0%
SPWR	F	-0.0%
BMRC	F	-0.0%
SNBR	F	-0.0%
JAMF	C	-0.0%
PLTK	F	-0.0%
ALLK	F	-0.0%
ALTO	D	-0.0%
FFIC	F	-0.0%
SOPH	B	-0.0%
SHEN	F	-0.0%
AIRS	F	-0.0%
BHAC	A	-0.0%
LAZR	F	-0.0%
BFST	D	-0.0%
NEGG	F	-0.0%
RDFN	F	-0.0%
PDFS	F	-0.0%
RAPT	F	-0.0%
GATE	B	-0.0%
RVNC	F	-0.0%
GTX	B	-0.0%
AVAH	C	-0.0%
RGTI	F	-0.0%
MVIS	F	-0.0%
CVAC	F	-0.0%
WB	F	-0.0%
ADPT	F	-0.0%
TIGR	F	-0.0%
DSGN	B	-0.0%
INVZ	F	-0.0%
AMRK	A	-0.0%
AUPH	F	-0.0%
NNBR	D	-0.0%
BYND	F	-0.0%
SND	B	-0.0%
FWRD	F	-0.0%
KC	F	-0.0%
MNTK	F	-0.0%
CEVA	D	-0.0%
TRUP	F	-0.0%
SNPO	A	-0.0%
OFLX	D	-0.0%
PRME	F	-0.0%
TLS	C	-0.0%
ACRS	D	-0.0%
GLUE	C	-0.0%
VERV	F	-0.0%
KRNT	F	-0.0%
CLNE	F	-0.0%
TH	C	-0.0%
MGNI	F	-0.0%
EBTC	F	-0.0%
ZNTL	D	-0.0%
AGYS	A	-0.0%
NSSC	D	-0.0%
HBNC	D	-0.0%
SSYS	F	-0.0%
ORGO	F	-0.0%
GALT	B	-0.0%
SCRM	A	-0.0%
CONX	C	-0.0%
CSIQ	F	-0.0%
RDWR	D	-0.0%
AKRO	F	-0.0%
HAFC	D	-0.0%
ATRI	B	-0.0%
FTEK	D	-0.0%
DHC	F	-0.0%
REPL	F	-0.0%
ANGO	C	-0.0%
FLGT	F	-0.0%
CLOV	F	-0.0%
MGIC	B	-0.0%
MBUU	F	-0.0%
ZLAB	F	-0.0%
VXRT	D	-0.0%
BVS	D	-0.0%
LBRDA	F	-0.0%
NNDM	D	-0.0%
NRC	F	-0.0%
BCBP	F	-0.0%
WASH	D	-0.0%
MRVI	B	-0.0%
CERS	F	-0.0%
MSEX	F	-0.0%
GRFS	F	-0.0%
VICR	F	-0.0%