VBR vs. PSC ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Principal U.S. Small Cap Index ETF (PSC)

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

$207.03

Average Daily Volume

431,704

Number of Holdings ^*

797

* may have additional holdings in another (foreign) market

PSC

Principal U.S. Small Cap Index ETF

PSC Description

The Principal U.S. Small Cap Index ETF seeks to provide investment results that closely correspond, before expenses, to the performance of the NASDAQ U.S. Small Cap Select Leaders Index. The ETF employs a passive investment approach designed to track the performance of the Index.

Grade (RS Rating)

Last Trade

$53.21

Average Daily Volume

27,768

Number of Holdings ^*

474

* may have additional holdings in another (foreign) market

Performance

Period	VBR	PSC
30 Days	1.03%	0.49%
60 Days	5.45%	5.32%
90 Days	8.32%	6.92%
12 Months	30.83%	30.60%

180 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in PSC	Overlap
AAT	C	0.04%	0.08%	0.04%
ABCB	A	0.12%	0.37%	0.12%
ABM	B	0.1%	0.27%	0.1%
ACT	C	0.03%	0.11%	0.03%
AEO	F	0.11%	0.43%	0.11%
AIT	A	0.25%	0.71%	0.25%
AKR	B	0.07%	0.23%	0.07%
ALE	A	0.11%	0.43%	0.11%
ALX	D	0.01%	0.03%	0.01%
AMCX	C	0.0%	0.02%	0.0%
AMN	F	0.05%	0.19%	0.05%
AMRX	C	0.03%	0.09%	0.03%
AMWD	B	0.02%	0.13%	0.02%
ANF	C	0.21%	0.55%	0.21%
APOG	B	0.04%	0.12%	0.04%
AROC	A	0.09%	0.17%	0.09%
ASGN	D	0.11%	0.24%	0.11%
ATGE	B	0.08%	0.21%	0.08%
ATKR	C	0.09%	0.61%	0.09%
AVA	C	0.09%	0.26%	0.09%
AVNS	F	0.03%	0.04%	0.03%
AX	A	0.1%	0.75%	0.1%
AZZ	B	0.07%	0.2%	0.07%
BANF	A	0.06%	0.14%	0.06%
BCC	B	0.16%	0.39%	0.16%
BCO	F	0.14%	0.3%	0.14%
BDC	B	0.14%	0.23%	0.14%
BGC	B	0.09%	0.48%	0.09%
BHE	B	0.04%	0.1%	0.04%
BKD	F	0.04%	0.09%	0.04%
BKE	A	0.04%	0.09%	0.04%
BKH	A	0.12%	0.36%	0.12%
BLKB	D	0.06%	0.11%	0.06%
BMBL	C	0.02%	0.16%	0.02%
BNL	D	0.1%	0.23%	0.1%
BV	C	0.03%	0.11%	0.03%
CABO	B	0.05%	0.31%	0.05%
CAKE	A	0.05%	0.22%	0.05%
CAL	D	0.02%	0.08%	0.02%
CBT	C	0.18%	0.32%	0.18%
CENT	C	0.01%	0.03%	0.01%
CENTA	C	0.05%	0.06%	0.05%
CHCO	A	0.05%	0.11%	0.05%
CMC	B	0.18%	0.42%	0.18%
CNK	A	0.04%	0.56%	0.04%
CNO	A	0.1%	0.44%	0.1%
CNX	A	0.13%	0.58%	0.13%
COOP	B	0.16%	0.67%	0.16%
CSR	A	0.03%	0.1%	0.03%
CWK	B	0.09%	0.31%	0.09%
DY	C	0.08%	0.49%	0.08%
EAT	A	0.09%	1.02%	0.09%
EE	A	0.01%	0.03%	0.01%
ENR	A	0.07%	0.13%	0.07%
ENS	D	0.12%	0.29%	0.12%
EPC	F	0.05%	0.1%	0.05%
ESNT	D	0.19%	0.45%	0.19%
ESRT	D	0.04%	0.14%	0.04%
FBP	A	0.1%	0.36%	0.1%
FCF	A	0.05%	0.15%	0.05%
FFBC	A	0.07%	0.17%	0.07%
FG	A	0.02%	0.07%	0.02%
FOR	F	0.02%	0.07%	0.02%
FRME	A	0.06%	0.16%	0.06%
FUL	F	0.12%	0.18%	0.12%
FULT	A	0.09%	0.44%	0.09%
GEF	A	0.04%	0.09%	0.04%
GEF	A	0.0%	0.09%	0.0%
GFF	A	0.09%	0.31%	0.09%
GHC	A	0.08%	0.09%	0.08%
GIII	D	0.03%	0.1%	0.03%
GMS	A	0.1%	0.36%	0.1%
GOLF	A	0.05%	0.11%	0.05%
GPI	A	0.14%	0.23%	0.14%
GRC	B	0.01%	0.05%	0.01%
HCC	B	0.1%	0.55%	0.1%
HELE	C	0.04%	0.15%	0.04%
HMN	A	0.04%	0.18%	0.04%
HNI	A	0.07%	0.12%	0.07%
HOPE	A	0.04%	0.15%	0.04%
HTLF	A	0.03%	0.25%	0.03%
HY	F	0.02%	0.06%	0.02%
IART	C	0.03%	0.32%	0.03%
IBOC	A	0.1%	0.27%	0.1%
ICUI	D	0.12%	0.3%	0.12%
INSW	F	0.04%	0.16%	0.04%
INVA	C	0.03%	0.08%	0.03%
IOSP	C	0.08%	0.12%	0.08%
ITGR	B	0.13%	0.33%	0.13%
JXN	B	0.2%	0.81%	0.2%
KALU	C	0.03%	0.11%	0.03%
KBH	D	0.16%	0.48%	0.16%
KFY	B	0.11%	0.27%	0.11%
KNF	B	0.15%	0.29%	0.15%
KOP	C	0.02%	0.05%	0.02%
KTB	A	0.13%	0.2%	0.13%
KWR	C	0.03%	0.15%	0.03%
LGND	B	0.05%	0.12%	0.05%
LRN	A	0.05%	0.27%	0.05%
LTC	B	0.05%	0.14%	0.05%
LZB	A	0.05%	0.11%	0.05%
MATX	B	0.14%	0.42%	0.14%
MD	B	0.03%	0.09%	0.03%
MGEE	A	0.1%	0.19%	0.1%
MHO	D	0.06%	0.18%	0.06%
MLI	B	0.24%	0.53%	0.24%
MLKN	F	0.05%	0.1%	0.05%
MOG.A	B	0.17%	0.34%	0.17%
MTH	D	0.21%	0.41%	0.21%
MTX	B	0.07%	0.13%	0.07%
NABL	F	0.01%	0.05%	0.01%
NBHC	A	0.05%	0.2%	0.05%
NHC	B	0.05%	0.07%	0.05%
NHI	D	0.11%	0.14%	0.11%
NMRK	B	0.06%	0.16%	0.06%
NSIT	F	0.2%	0.22%	0.2%
OFG	B	0.06%	0.16%	0.06%
OGS	A	0.12%	0.42%	0.12%
OMCL	C	0.06%	0.09%	0.06%
ONB	B	0.17%	0.66%	0.17%
OSIS	A	0.07%	0.1%	0.07%
OTTR	C	0.09%	0.23%	0.09%
PBH	A	0.1%	0.17%	0.1%
PCRX	C	0.02%	0.07%	0.02%
PHIN	A	0.06%	0.16%	0.06%
PLXS	B	0.11%	0.13%	0.11%
PMT	D	0.04%	0.19%	0.04%
PRGS	B	0.08%	0.17%	0.08%
PRIM	A	0.09%	0.53%	0.09%
PSMT	D	0.06%	0.08%	0.06%
PTVE	C	0.01%	0.03%	0.01%
REVG	A	0.04%	0.2%	0.04%
REZI	A	0.08%	0.18%	0.08%
SANM	B	0.1%	0.21%	0.1%
SBH	A	0.04%	0.08%	0.04%
SCSC	B	0.03%	0.07%	0.03%
SEM	B	0.1%	0.22%	0.1%
SFM	A	0.32%	0.97%	0.32%
SFNC	B	0.07%	0.19%	0.07%
SHO	D	0.06%	0.26%	0.06%
SHOO	D	0.05%	0.16%	0.05%
SKT	A	0.1%	0.29%	0.1%
SKYW	A	0.09%	0.44%	0.09%
SM	C	0.07%	0.44%	0.07%
SMMT	D	0.07%	0.15%	0.07%
SPNT	A	0.04%	0.11%	0.04%
SR	A	0.11%	0.33%	0.11%
SSTK	F	0.01%	0.13%	0.01%
STBA	A	0.04%	0.09%	0.04%
STRA	C	0.06%	0.08%	0.06%
SUM	B	0.14%	0.4%	0.14%
SUPN	B	0.05%	0.14%	0.05%
SWI	B	0.02%	0.05%	0.02%
SWX	A	0.13%	0.39%	0.13%
SXI	A	0.06%	0.12%	0.06%
SXT	C	0.1%	0.09%	0.09%
TEX	D	0.1%	0.5%	0.1%
TGNA	B	0.08%	0.31%	0.08%
THR	C	0.03%	0.06%	0.03%
TILE	A	0.02%	0.1%	0.02%
TMHC	B	0.2%	0.3%	0.2%
TPH	D	0.12%	0.17%	0.12%
UE	B	0.07%	0.27%	0.07%
UFPI	C	0.22%	0.35%	0.22%
UMBF	A	0.13%	0.76%	0.13%
UNIT	B	0.04%	0.12%	0.04%
URBN	C	0.08%	0.33%	0.08%
VC	F	0.04%	0.14%	0.04%
VCTR	B	0.04%	0.41%	0.04%
VMEO	B	0.01%	0.05%	0.01%
VREX	C	0.01%	0.07%	0.01%
VRTS	A	0.04%	0.18%	0.04%
VSTO	A	0.03%	0.12%	0.03%
WABC	A	0.04%	0.11%	0.04%
WAFD	A	0.08%	0.25%	0.08%
WKC	C	0.05%	0.08%	0.05%
WSFS	A	0.09%	0.22%	0.09%
WT	A	0.04%	0.22%	0.04%
WTS	A	0.16%	0.36%	0.16%
ZIP	D	0.01%	0.04%	0.01%

VBR Overweight 617 Positions Relative to PSC

Symbol	Grade	Weight
SW	A	0.74%
BLDR	D	0.65%
BAH	D	0.61%
CSL	B	0.6%
ATO	A	0.58%
EME	B	0.58%
FCNCA	A	0.57%
NRG	B	0.54%
PNR	A	0.47%
IEX	B	0.47%
TOL	B	0.46%
RS	B	0.46%
THC	C	0.46%
UTHR	B	0.46%
WSM	F	0.45%
RPM	A	0.45%
KIM	A	0.45%
OC	A	0.44%
USFD	B	0.43%
RNR	D	0.41%
AES	F	0.41%
RGA	A	0.41%
ACM	B	0.4%
GLPI	D	0.39%
EQH	B	0.39%
BG	D	0.39%
EMN	C	0.38%
REG	A	0.38%
CPT	D	0.38%
ALLE	D	0.37%
JLL	C	0.37%
JNPR	D	0.37%
FFIV	B	0.37%
JBL	C	0.37%
UHS	D	0.37%
TTEK	D	0.36%
KMX	B	0.35%
PFGC	B	0.35%
ITT	A	0.35%
SJM	F	0.35%
CHRW	A	0.35%
TFX	F	0.34%
NVT	B	0.34%
IPG	F	0.34%
BXP	D	0.33%
EWBC	A	0.33%
HUBB	B	0.33%
CCK	D	0.33%
BJ	B	0.32%
LDOS	C	0.32%
RRX	B	0.32%
FBIN	D	0.32%
CACI	C	0.32%
ATR	B	0.31%
EPAM	B	0.31%
TPR	A	0.31%
SCI	B	0.31%
AIZ	A	0.3%
HII	F	0.3%
OHI	C	0.3%
LKQ	D	0.3%
AA	A	0.29%
TAP	A	0.29%
CG	B	0.29%
PNW	A	0.29%
OVV	C	0.29%
AFG	A	0.29%
ARMK	C	0.29%
HAS	D	0.28%
FRT	B	0.28%
SOLV	C	0.28%
EHC	B	0.28%
ALLY	C	0.28%
QRVO	F	0.28%
Z	A	0.28%
EVR	A	0.27%
HSIC	D	0.27%
STLD	B	0.27%
WTRG	C	0.27%
GL	B	0.27%
JEF	A	0.26%
HRB	D	0.26%
DCI	B	0.26%
GPK	D	0.26%
NNN	D	0.26%
INGR	B	0.26%
PRI	A	0.26%
WAL	A	0.26%
APA	F	0.26%
MUSA	A	0.26%
EGP	D	0.26%
SF	A	0.26%
MOS	D	0.25%
MHK	D	0.25%
NYT	D	0.25%
KBR	D	0.25%
GME	C	0.25%
UNM	A	0.25%
FYBR	C	0.25%
APG	C	0.24%
FCN	F	0.24%
FLR	B	0.24%
AGNC	C	0.24%
FMC	F	0.24%
OGE	A	0.24%
ORI	A	0.24%
WCC	A	0.24%
BWA	A	0.24%
DKS	D	0.24%
KNX	B	0.24%
FHN	A	0.24%
ALSN	B	0.24%
BRX	A	0.24%
AYI	A	0.24%
LAD	A	0.24%
SWN	C	0.23%
AXTA	A	0.23%
CMA	A	0.23%
WBS	A	0.23%
DOC	D	0.23%
CHRD	F	0.23%
SEIC	A	0.23%
MIDD	D	0.22%
IVZ	B	0.22%
ADC	A	0.22%
DTM	A	0.22%
SNX	D	0.22%
CR	A	0.22%
VFC	B	0.22%
NI	A	0.22%
VOYA	A	0.22%
STAG	D	0.21%
VNO	B	0.21%
SAIC	D	0.21%
X	D	0.21%
WTFC	A	0.21%
LUMN	C	0.21%
DINO	D	0.21%
BPOP	C	0.21%
ELAN	C	0.21%
MKSI	D	0.21%
AAL	B	0.21%
RL	B	0.21%
BERY	D	0.21%
FR	D	0.21%
SSB	A	0.21%
FLS	A	0.2%
LPX	A	0.2%
COHR	B	0.2%
DVA	C	0.2%
CBSH	A	0.2%
ZION	A	0.2%
G	A	0.2%
UHAL	D	0.2%
BBWI	C	0.2%
ARW	D	0.2%
RRC	B	0.2%
KEX	A	0.2%
CFR	A	0.19%
FAF	C	0.19%
STWD	D	0.19%
MAT	C	0.19%
BIO	C	0.19%
PB	A	0.19%
OSK	C	0.19%
JAZZ	A	0.19%
MSA	D	0.19%
CRUS	F	0.19%
MTG	C	0.19%
RHI	B	0.19%
RLI	A	0.19%
EVRG	A	0.19%
SNV	A	0.18%
ESAB	B	0.18%
LEA	F	0.18%
AGCO	D	0.18%
CADE	A	0.17%
VMI	B	0.17%
LAMR	D	0.17%
WHR	A	0.17%
ACI	C	0.17%
ESI	B	0.17%
XPO	B	0.17%
CLF	F	0.17%
R	A	0.17%
AXS	A	0.17%
AN	D	0.17%
VVV	B	0.16%
ST	F	0.16%
COLB	A	0.16%
XRAY	F	0.16%
IDA	A	0.16%
AUR	D	0.16%
NFG	A	0.16%
BC	D	0.16%
THO	B	0.16%
ALB	C	0.16%
ACHC	F	0.16%
PVH	C	0.16%
OLN	F	0.16%
OMF	A	0.16%
PARA	C	0.16%
SRCL	B	0.16%
SIGI	A	0.16%
ALK	A	0.16%
AMG	A	0.15%
NXST	D	0.15%
AM	A	0.15%
FNB	A	0.15%
GBCI	A	0.15%
VNT	C	0.15%
SIRI	C	0.15%
RDN	C	0.15%
MDU	D	0.15%
KD	A	0.15%
TKR	F	0.15%
BECN	B	0.15%
LNC	A	0.15%
SON	D	0.15%
UGI	C	0.15%
GAP	C	0.15%
TPG	B	0.14%
GATX	A	0.14%
CPRI	F	0.14%
ABG	A	0.14%
RIVN	F	0.14%
PIPR	A	0.14%
AVT	C	0.14%
RYN	D	0.14%
THG	A	0.14%
MUR	F	0.14%
JHG	A	0.14%
HOMB	A	0.14%
ZWS	B	0.14%
OGN	F	0.14%
POR	D	0.14%
PSN	C	0.14%
SLM	A	0.14%
UBSI	A	0.14%
LYFT	B	0.13%
SBRA	C	0.13%
SIG	B	0.13%
FLO	D	0.13%
NUVL	D	0.13%
PII	F	0.13%
HWC	A	0.13%
MGM	D	0.13%
CUZ	B	0.13%
FFIN	A	0.13%
NCLH	B	0.13%
SLG	B	0.13%
AL	A	0.13%
KRC	C	0.13%
HOG	D	0.13%
AVNT	A	0.13%
ACA	B	0.13%
OZK	A	0.13%
NJR	A	0.13%
HASI	F	0.12%
WU	F	0.12%
ASH	F	0.12%
M	C	0.12%
GTES	B	0.12%
WTM	A	0.12%
SLGN	B	0.12%
ASO	F	0.12%
SEE	B	0.12%
CRC	B	0.12%
AR	B	0.12%
PR	C	0.12%
ESGR	B	0.11%
SMG	D	0.11%
EPR	D	0.11%
KMPR	A	0.11%
DXC	C	0.11%
DNB	B	0.11%
MSM	C	0.11%
IAC	D	0.11%
MTZ	B	0.11%
MDGL	C	0.11%
VLY	A	0.11%
MAC	A	0.11%
EDR	A	0.11%
PNM	B	0.11%
AGO	A	0.11%
HUN	F	0.11%
HL	D	0.11%
TCBI	A	0.1%
RUSHA	B	0.1%
ESE	A	0.1%
AUB	A	0.1%
AMKR	F	0.1%
NVST	C	0.1%
NPO	A	0.1%
CDP	C	0.1%
GVA	A	0.1%
UCB	A	0.1%
MAN	F	0.1%
NWE	C	0.1%
MPW	F	0.1%
HIW	D	0.1%
PCH	D	0.1%
PRGO	C	0.1%
PNFP	A	0.1%
WD	D	0.1%
GNW	A	0.09%
SATS	D	0.09%
FHB	A	0.09%
ALIT	C	0.09%
NSP	F	0.09%
UNF	A	0.09%
PTEN	D	0.09%
WEN	C	0.09%
APAM	A	0.09%
CC	C	0.09%
NWL	B	0.09%
CBU	A	0.09%
TNL	A	0.09%
SYNA	C	0.09%
ASB	A	0.09%
COMP	B	0.09%
WBA	F	0.09%
AWR	A	0.09%
AMED	F	0.09%
BEN	C	0.09%
BTU	B	0.09%
EBC	A	0.09%
BRC	C	0.09%
APLE	B	0.09%
PAG	A	0.09%
COTY	F	0.09%
HUBG	A	0.08%
POST	D	0.08%
BKU	A	0.08%
CXT	D	0.08%
BHF	A	0.08%
AIN	C	0.08%
ABR	C	0.08%
ADTN	A	0.08%
PK	C	0.08%
LXP	D	0.08%
CNXC	F	0.08%
TRN	A	0.08%
PENN	B	0.08%
WLK	F	0.08%
PBF	D	0.08%
TDC	F	0.08%
PFSI	D	0.08%
DEI	B	0.08%
CATY	A	0.08%
JWN	A	0.08%
FHI	A	0.08%
WERN	B	0.07%
PFS	A	0.07%
PECO	A	0.07%
HAYW	A	0.07%
VAC	B	0.07%
MTRN	C	0.07%
AAP	D	0.07%
BOKF	A	0.07%
VSH	F	0.07%
BFH	A	0.07%
CVBF	A	0.07%
ARCH	B	0.07%
INDB	A	0.07%
ENOV	C	0.07%
PPBI	A	0.07%
PRK	A	0.07%
FL	F	0.07%
DBRG	D	0.07%
HBI	A	0.07%
RNG	B	0.07%
CDE	D	0.07%
BOH	A	0.07%
GT	C	0.07%
VIRT	A	0.07%
SPB	C	0.07%
CWEN	D	0.07%
RNA	C	0.07%
ARCB	C	0.07%
IOVA	D	0.07%
FIBK	A	0.07%
MGRC	B	0.07%
OUT	C	0.07%
BXMT	D	0.07%
RXO	C	0.06%
HURN	B	0.06%
GNL	D	0.06%
PRG	A	0.06%
HI	C	0.06%
VSTS	F	0.06%
THS	F	0.06%
RNST	A	0.06%
INFA	F	0.06%
WLY	B	0.06%
IPGP	D	0.06%
VYX	C	0.06%
SFBS	A	0.06%
JOBY	B	0.06%
NBTB	A	0.06%
VGR	B	0.06%
VIAV	B	0.06%
PINC	B	0.06%
VSCO	A	0.06%
KMT	B	0.06%
CGON	D	0.06%
LAUR	A	0.06%
EQC	A	0.06%
IBTX	A	0.06%
OI	C	0.06%
IVT	B	0.06%
BANR	A	0.06%
NATL	B	0.06%
BYD	A	0.06%
TDS	B	0.06%
TOWN	A	0.06%
EVTC	C	0.06%
ZD	B	0.06%
ZG	A	0.06%
AIR	B	0.06%
KSS	F	0.06%
CRI	D	0.06%
MIR	A	0.06%
AZTA	F	0.06%
VRNT	D	0.05%
UPBD	B	0.05%
HLIO	B	0.05%
HE	D	0.05%
CRGY	A	0.05%
ANDE	C	0.05%
REYN	D	0.05%
STEP	A	0.05%
PPC	B	0.05%
DDS	B	0.05%
SCL	D	0.05%
NPAB	F	0.05%
WSBC	A	0.05%
UAA	B	0.05%
NWBI	A	0.05%
GEO	A	0.05%
DRH	B	0.05%
PDCO	F	0.05%
TROX	F	0.05%
LEG	F	0.05%
MCY	A	0.05%
TRMK	A	0.05%
PZZA	D	0.05%
TTMI	B	0.05%
FTRE	D	0.05%
KAR	A	0.05%
B	A	0.05%
IMVT	D	0.05%
ROIC	A	0.05%
PBI	C	0.04%
AIV	C	0.04%
UVV	B	0.04%
WOR	F	0.04%
PDM	D	0.04%
JELD	F	0.04%
ARI	D	0.04%
OXM	F	0.04%
NNI	C	0.04%
NX	C	0.04%
LADR	A	0.04%
WWW	A	0.04%
CXW	B	0.04%
COLM	B	0.04%
HP	C	0.04%
VSAT	F	0.04%
CSGS	A	0.04%
DNOW	A	0.04%
DAN	F	0.04%
RRR	D	0.04%
ALEX	B	0.04%
VRE	A	0.04%
BLMN	F	0.04%
CAR	C	0.04%
NGVT	B	0.04%
CODI	A	0.04%
LCII	D	0.04%
HTH	B	0.04%
NTCT	B	0.04%
GBX	A	0.04%
HEES	B	0.04%
JBGS	D	0.04%
KN	B	0.04%
DYN	F	0.04%
GO	C	0.04%
ELME	D	0.04%
GTY	C	0.04%
NWN	A	0.04%
USM	B	0.03%
MATV	F	0.03%
SMR	B	0.03%
CMTG	D	0.03%
JACK	D	0.03%
BDN	D	0.03%
LGF.A	F	0.03%
DNUT	D	0.03%
MMI	A	0.03%
ODP	F	0.03%
UNFI	A	0.03%
JBLU	C	0.03%
CWEN	D	0.03%
TRS	D	0.03%
CBRL	C	0.03%
FA	D	0.03%
ATSG	A	0.03%
RWT	D	0.03%
LEVI	F	0.03%
MRC	B	0.03%
CARS	B	0.03%
SNDR	B	0.03%
UA	B	0.03%
ECPG	A	0.03%
FBRT	C	0.03%
CNNE	B	0.03%
ETWO	F	0.03%
WMK	B	0.03%
WS	B	0.03%
KFRC	D	0.03%
FDP	A	0.03%
SCS	A	0.03%
XRX	F	0.03%
OMI	F	0.03%
DK	D	0.03%
SAFT	A	0.03%
BHLB	A	0.03%
MYGN	F	0.03%
EIG	A	0.03%
NAVI	D	0.03%
MSGE	D	0.03%
LC	B	0.03%
HTLD	B	0.02%
ATUS	C	0.02%
MXL	C	0.02%
GES	F	0.02%
BASE	C	0.02%
SCHL	F	0.02%
CMPR	F	0.02%
KELYA	F	0.02%
CFFN	A	0.02%
TMP	A	0.02%
BGS	F	0.02%
MATW	C	0.02%
HPP	F	0.02%
PUMP	F	0.02%
UHAL	D	0.02%
HLF	C	0.02%
AXL	C	0.02%
RGR	F	0.02%
ECVT	C	0.02%
KREF	D	0.02%
ASTE	B	0.02%
BRSP	B	0.02%
PRLB	B	0.02%
XHR	B	0.02%
SVC	F	0.02%
MODG	F	0.02%
SEB	F	0.02%
PRA	A	0.02%
SAH	A	0.02%
HAIN	F	0.02%
WNC	C	0.02%
CVI	D	0.02%
EMBC	C	0.02%
HCSG	B	0.02%
MNRO	B	0.02%
PRAA	C	0.02%
BRKL	A	0.02%
EYE	C	0.02%
DLX	A	0.02%
RBRK	B	0.02%
NUS	C	0.01%
LDI	C	0.01%
BRCC	F	0.01%
OPK	A	0.01%
TWKS	B	0.01%
DJT	C	0.01%
DIN	C	0.01%
OLPX	D	0.01%
TGI	A	0.01%
CMP	B	0.01%
AMBC	C	0.01%
TRTX	B	0.01%
SWBI	D	0.01%
KRO	D	0.01%
SRCL	B	0.01%
NAPA	A	0.01%
CNDT	B	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
EGBN	A	0.01%
RUSHB	B	0.01%
WRLD	D	0.01%
HTZ	C	0.01%
INN	D	0.01%
BJRI	A	0.01%
RMR	F	0.01%
NVRI	F	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CLB	C	0.01%
CLBK	B	0.01%
CCO	D	0.01%
ARRY	C	0.01%
GCMG	B	0.01%
LGF.A	F	0.01%
CWH	B	0.01%
BFS	C	0.01%
DAWN	D	0.01%
PWSC	C	0.0%
SCWX	B	0.0%
AC	B	0.0%
TASK	C	0.0%
ACDC	D	0.0%
LESL	C	0.0%

VBR Underweight 295 Positions Relative to PSC

Symbol	Grade	Weight
HIMS	C	-0.91%
HLNE	A	-0.81%
CRS	A	-0.79%
FN	C	-0.65%
STRL	B	-0.63%
ZETA	F	-0.61%
HALO	D	-0.61%
RMBS	C	-0.58%
RHP	B	-0.57%
HQY	A	-0.55%
IRT	A	-0.54%
PI	D	-0.52%
ITRI	B	-0.52%
CTRE	D	-0.5%
TBBK	A	-0.49%
PJT	A	-0.49%
EPRT	C	-0.48%
CORT	B	-0.48%
BOOT	C	-0.47%
IDCC	A	-0.46%
QLYS	C	-0.46%
PAGS	F	-0.45%
TGTX	B	-0.45%
HAE	A	-0.44%
TRNO	D	-0.43%
PAYO	A	-0.41%
CVLT	B	-0.41%
NARI	C	-0.41%
ALTR	B	-0.4%
ALKS	B	-0.4%
EXLS	B	-0.39%
BL	B	-0.39%
ENSG	D	-0.38%
VRNS	D	-0.38%
QTWO	A	-0.37%
POWL	C	-0.37%
CSWI	B	-0.37%
RDNT	B	-0.36%
IBP	F	-0.36%
MMSI	A	-0.36%
MGY	A	-0.35%
TWST	F	-0.34%
BOX	B	-0.34%
VERX	A	-0.33%
CHX	C	-0.33%
CWAN	B	-0.33%
LIVN	C	-0.33%
TMDX	F	-0.32%
MWA	A	-0.32%
NMIH	D	-0.32%
ACLS	F	-0.32%
ADMA	C	-0.31%
ROAD	B	-0.31%
DOCN	D	-0.31%
ENVA	A	-0.31%
KAI	A	-0.31%
STNG	F	-0.3%
ACAD	C	-0.3%
MMS	D	-0.3%
SKWD	A	-0.3%
ENV	B	-0.3%
HCI	B	-0.29%
AGX	B	-0.29%
MOD	C	-0.29%
CEIX	A	-0.29%
FSS	C	-0.29%
TDW	F	-0.29%
PTGX	D	-0.28%
IESC	B	-0.28%
NEOG	D	-0.28%
PRCT	B	-0.28%
CALM	A	-0.27%
CBZ	B	-0.27%
WHD	B	-0.27%
CNMD	C	-0.27%
TNDM	F	-0.26%
RYTM	C	-0.26%
OPCH	F	-0.25%
SMPL	B	-0.25%
BLBD	F	-0.25%
ACIW	B	-0.25%
LNTH	F	-0.25%
RPD	C	-0.25%
VRRM	D	-0.25%
SPSC	D	-0.24%
TGLS	A	-0.24%
INMD	C	-0.23%
VITL	F	-0.23%
LBRT	F	-0.23%
PLMR	A	-0.23%
BMI	B	-0.22%
AXNX	A	-0.22%
SNEX	A	-0.22%
RXST	F	-0.22%
FTDR	B	-0.21%
YELP	C	-0.2%
PRMW	C	-0.2%
GPOR	A	-0.2%
PGNY	F	-0.2%
ALRM	C	-0.19%
MGNI	A	-0.19%
WGO	B	-0.19%
EXPO	D	-0.19%
STAA	F	-0.19%
IIPR	F	-0.19%
CENX	A	-0.18%
SLVM	B	-0.18%
VECO	F	-0.18%
AGM	A	-0.18%
CARG	A	-0.18%
JBI	F	-0.18%
NOVT	D	-0.17%
ICFI	F	-0.17%
FELE	B	-0.17%
LANC	D	-0.17%
RAMP	C	-0.17%
YOU	D	-0.17%
SGRY	F	-0.17%
AGYS	A	-0.17%
ALG	B	-0.16%
WDFC	A	-0.16%
CPRX	C	-0.16%
SRDX	C	-0.16%
RPAY	D	-0.16%
KNTK	A	-0.15%
EPAC	B	-0.15%
LMB	A	-0.15%
VCEL	A	-0.15%
MNKD	B	-0.15%
CVCO	A	-0.15%
AMPH	F	-0.15%
UFPT	C	-0.15%
FCPT	C	-0.14%
LOB	A	-0.14%
NTB	B	-0.14%
ROCK	C	-0.14%
ADUS	D	-0.14%
BCPC	B	-0.14%
GRBK	D	-0.14%
FBMS	A	-0.13%
ALKT	B	-0.13%
VCYT	B	-0.13%
DHT	D	-0.13%
PRVA	B	-0.12%
FBK	A	-0.12%
LMAT	A	-0.12%
OII	B	-0.12%
PFBC	A	-0.12%
CSTM	F	-0.12%
LPG	F	-0.11%
PATK	C	-0.11%
CRVL	B	-0.11%
TNC	F	-0.11%
RSI	B	-0.11%
CRAI	B	-0.11%
COLL	F	-0.11%
EFSC	A	-0.11%
USPH	C	-0.11%
CMRE	B	-0.11%
HLX	D	-0.1%
AESI	D	-0.1%
ANET	C	-0.1%
INOD	B	-0.1%
CXM	C	-0.1%
DORM	B	-0.1%
FOXF	F	-0.1%
ANIP	D	-0.1%
USLM	A	-0.1%
HRMY	D	-0.1%
PLUS	F	-0.1%
HWKN	C	-0.1%
ARHS	F	-0.09%
GABC	A	-0.09%
HSII	B	-0.09%
PLAB	D	-0.09%
PFC	A	-0.09%
DXPE	A	-0.09%
BBSI	A	-0.09%
NSSC	F	-0.09%
EVH	F	-0.09%
QCRH	A	-0.09%
ATEN	A	-0.09%
SRCE	A	-0.09%
DESP	A	-0.09%
IMXI	B	-0.09%
IMAX	B	-0.09%
OSBC	A	-0.08%
BLFS	D	-0.08%
MLR	B	-0.08%
BY	A	-0.08%
CDRE	D	-0.08%
HAFC	A	-0.08%
HFWA	A	-0.08%
CPF	A	-0.08%
UMH	C	-0.08%
AMAL	B	-0.08%
BLX	A	-0.08%
ARDX	F	-0.08%
ASTH	F	-0.08%
CHEF	B	-0.08%
SMLR	B	-0.08%
DOLE	D	-0.07%
AORT	B	-0.07%
ORRF	A	-0.07%
DFH	F	-0.07%
IBCP	A	-0.07%
CECO	C	-0.07%
PEBO	A	-0.07%
WTTR	A	-0.07%
GCI	D	-0.06%
MCRI	A	-0.06%
LILAK	F	-0.06%
REAX	C	-0.06%
TRNS	F	-0.06%
NXRT	A	-0.06%
CCB	A	-0.06%
UTI	A	-0.06%
GRND	B	-0.06%
CTS	B	-0.06%
PRDO	B	-0.06%
IMMR	F	-0.06%
WSR	B	-0.06%
CFB	B	-0.06%
UVE	A	-0.06%
CSTL	C	-0.06%
OSW	B	-0.06%
AHCO	D	-0.06%
SCVL	F	-0.05%
SLP	F	-0.05%
CDNA	D	-0.05%
PNTG	D	-0.05%
SEMR	D	-0.05%
HOV	F	-0.05%
YEXT	A	-0.05%
EOLS	F	-0.05%
MDXG	A	-0.05%
ASC	F	-0.05%
IRWD	D	-0.05%
MBWM	A	-0.05%
METC	C	-0.05%
AHH	D	-0.05%
PRM	C	-0.05%
CTO	B	-0.04%
TCMD	A	-0.04%
GDYN	C	-0.04%
CNXN	D	-0.04%
SB	F	-0.04%
YMAB	D	-0.04%
OSUR	F	-0.04%
USAP	B	-0.04%
BELFB	C	-0.04%
OSPN	B	-0.04%
DAKT	A	-0.04%
SMP	C	-0.04%
CCRN	F	-0.04%
TPB	A	-0.04%
SPNS	F	-0.04%
HSTM	B	-0.04%
REX	C	-0.04%
WLDN	C	-0.04%
MTUS	F	-0.04%
DJCO	B	-0.04%
PUBM	D	-0.04%
UTL	C	-0.04%
XERS	C	-0.04%
GHM	A	-0.04%
ADV	F	-0.03%
NR	D	-0.03%
NRC	F	-0.03%
CBL	B	-0.03%
UHT	D	-0.03%
AGS	A	-0.03%
MCFT	B	-0.03%
STGW	B	-0.03%
VIRC	C	-0.03%
MEC	D	-0.03%
IDT	B	-0.03%
ZIMV	F	-0.03%
CSV	B	-0.03%
EGY	F	-0.03%
HROW	D	-0.03%
IRMD	B	-0.03%
MLAB	F	-0.03%
CMPO	C	-0.02%
LILA	F	-0.02%
SIGA	F	-0.02%
AXGN	D	-0.02%
DH	F	-0.02%
XPEL	B	-0.02%
HRTX	F	-0.02%
HCKT	A	-0.02%
BVS	D	-0.02%
APEI	B	-0.02%
EGHT	C	-0.01%
AEYE	C	-0.01%