VBR vs. STXM ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Strive Mid-Cap ETF (STXM)

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

$213.68

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

STXM

Strive Mid-Cap ETF

STXM Description

STXM provides exposure to the US mid-cap space. Starting with a broad, total market universe of 1500 US stocks, the index selects securities ranked 501 to 900 by market capitalization. Eligible securities must be listed on a US exchange and have a free float of at least 10% of its total shares outstanding. The index includes common stock and real estate investment trusts. Selected securities are weighted by market capitalization. The fund intends to utilize a replication strategy, which means it will invest all of its assets in the securities comprising the index. However, the adviser may use a sampling strategy if it is determined to be in the best interest of shareholders. The index rebalances semi-annually in January and July.

Grade (RS Rating)

Last Trade

$27.93

Average Daily Volume

3,814

Number of Holdings ^*

377

* may have additional holdings in another (foreign) market

Performance

Period	VBR	STXM
30 Days	5.18%	5.34%
60 Days	6.13%	7.07%
90 Days	7.24%	8.44%
12 Months	32.19%

205 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in STXM	Overlap
AA	A	0.3%	0.3%	0.3%
AAL	B	0.26%	0.06%	0.06%
ACI	C	0.17%	0.18%	0.17%
ACM	B	0.42%	0.4%	0.4%
ADC	A	0.22%	0.2%	0.2%
ADTN	A	0.09%	0.08%	0.08%
AFG	A	0.28%	0.28%	0.28%
AGCO	D	0.19%	0.15%	0.15%
AGNC	C	0.21%	0.18%	0.18%
AIT	B	0.26%	0.28%	0.26%
AIZ	A	0.29%	0.3%	0.29%
ALB	B	0.16%	0.32%	0.16%
ALLE	C	0.36%	0.34%	0.34%
ALLY	C	0.28%	0.27%	0.27%
ALSN	B	0.27%	0.28%	0.27%
AM	A	0.14%	0.14%	0.14%
AMKR	D	0.08%	0.09%	0.08%
AN	C	0.15%	0.15%	0.15%
ANF	F	0.2%	0.19%	0.19%
APA	D	0.26%	0.23%	0.23%
APG	B	0.25%	0.24%	0.24%
AR	B	0.11%	0.24%	0.11%
ARMK	B	0.29%	0.27%	0.27%
ARW	D	0.18%	0.17%	0.17%
ATR	B	0.33%	0.31%	0.31%
AUR	C	0.14%	0.12%	0.12%
AXTA	B	0.24%	0.24%	0.24%
AYI	B	0.27%	0.27%	0.27%
BBWI	C	0.18%	0.19%	0.18%
BECN	B	0.17%	0.17%	0.17%
BEN	C	0.1%	0.18%	0.1%
BERY	C	0.22%	0.2%	0.2%
BG	D	0.35%	0.33%	0.33%
BIO	C	0.2%	0.19%	0.19%
BJ	A	0.33%	0.32%	0.32%
BOKF	B	0.07%	0.06%	0.06%
BPOP	C	0.19%	0.18%	0.18%
BRX	A	0.24%	0.23%	0.23%
BWA	D	0.22%	0.22%	0.22%
BXP	C	0.33%	0.33%	0.33%
CACI	D	0.36%	0.29%	0.29%
CBSH	B	0.21%	0.23%	0.21%
CCK	D	0.33%	0.3%	0.3%
CFR	B	0.21%	0.22%	0.21%
CG	B	0.34%	0.34%	0.34%
CHRD	D	0.23%	0.22%	0.22%
CHRW	B	0.34%	0.37%	0.34%
CLF	F	0.18%	0.15%	0.15%
CMA	B	0.25%	0.27%	0.25%
CMC	B	0.18%	0.18%	0.18%
COHR	B	0.21%	0.42%	0.21%
COTY	F	0.08%	0.08%	0.08%
CPT	B	0.36%	0.34%	0.34%
CR	A	0.22%	0.22%	0.22%
CRUS	D	0.17%	0.14%	0.14%
CSL	C	0.57%	0.56%	0.56%
DCI	B	0.26%	0.24%	0.24%
DINO	D	0.18%	0.19%	0.18%
DKS	D	0.23%	0.3%	0.23%
DOC	C	0.23%	0.41%	0.23%
DTM	A	0.26%	0.26%	0.26%
DVA	C	0.17%	0.19%	0.17%
EDR	A	0.12%	0.11%	0.11%
EGP	D	0.24%	0.23%	0.23%
EHC	B	0.29%	0.27%	0.27%
ELAN	D	0.18%	0.19%	0.18%
EME	A	0.61%	0.62%	0.61%
EMN	C	0.36%	0.31%	0.31%
EQH	C	0.42%	0.42%	0.42%
ESI	B	0.17%	0.17%	0.17%
ESNT	F	0.18%	0.15%	0.15%
EVR	B	0.28%	0.29%	0.28%
EWBC	A	0.39%	0.39%	0.39%
FBIN	D	0.3%	0.25%	0.25%
FCN	F	0.2%	0.19%	0.19%
FFIV	B	0.4%	0.41%	0.4%
FHN	A	0.27%	0.3%	0.27%
FLR	B	0.26%	0.23%	0.23%
FLS	B	0.2%	0.22%	0.2%
FMC	D	0.24%	0.2%	0.2%
FR	D	0.2%	0.18%	0.18%
FRT	B	0.27%	0.26%	0.26%
FYBR	C	0.26%	0.23%	0.23%
GAP	C	0.15%	0.15%	0.15%
GL	C	0.28%	0.27%	0.27%
GLPI	C	0.38%	0.35%	0.35%
GME	C	0.25%	0.29%	0.25%
GPK	C	0.25%	0.24%	0.24%
HAS	D	0.25%	0.22%	0.22%
HII	F	0.21%	0.2%	0.2%
HRB	D	0.24%	0.22%	0.22%
HSIC	C	0.26%	0.23%	0.23%
INFA	D	0.06%	0.05%	0.05%
INGR	C	0.25%	0.26%	0.25%
IPG	D	0.32%	0.3%	0.3%
ITT	A	0.33%	0.34%	0.33%
IVZ	B	0.22%	0.22%	0.22%
JAZZ	B	0.19%	0.2%	0.19%
JBL	C	0.39%	0.38%	0.38%
JEF	A	0.27%	0.3%	0.27%
JLL	D	0.38%	0.34%	0.34%
JNPR	D	0.37%	0.35%	0.35%
JXN	C	0.22%	0.2%	0.2%
KBH	D	0.15%	0.14%	0.14%
KBR	F	0.26%	0.22%	0.22%
KEX	B	0.19%	0.21%	0.19%
KIM	A	0.47%	0.45%	0.45%
KMX	B	0.33%	0.33%	0.33%
KNX	C	0.23%	0.23%	0.23%
LAD	A	0.26%	0.28%	0.26%
LAMR	C	0.17%	0.31%	0.17%
LEA	F	0.16%	0.15%	0.15%
LEVI	F	0.02%	0.04%	0.02%
LKQ	F	0.28%	0.28%	0.28%
LPX	B	0.18%	0.2%	0.18%
MAT	D	0.2%	0.18%	0.18%
MHK	D	0.21%	0.21%	0.21%
MIDD	C	0.2%	0.2%	0.2%
MKSI	C	0.2%	0.21%	0.2%
MLI	B	0.27%	0.27%	0.27%
MOS	F	0.25%	0.23%	0.23%
MSA	F	0.18%	0.18%	0.18%
MTG	C	0.19%	0.17%	0.17%
MTH	D	0.19%	0.18%	0.18%
MTZ	B	0.11%	0.24%	0.11%
MUSA	B	0.26%	0.27%	0.26%
NCLH	B	0.16%	0.31%	0.16%
NI	A	0.23%	0.44%	0.23%
NNN	C	0.23%	0.21%	0.21%
NRG	B	0.55%	0.51%	0.51%
NSIT	F	0.17%	0.13%	0.13%
NVT	B	0.36%	0.33%	0.33%
NYT	D	0.25%	0.23%	0.23%
OC	A	0.45%	0.45%	0.45%
OGE	A	0.23%	0.23%	0.23%
OHI	C	0.32%	0.26%	0.26%
ONB	C	0.18%	0.19%	0.18%
ORI	A	0.24%	0.26%	0.24%
OSK	C	0.19%	0.19%	0.19%
OVV	B	0.3%	0.33%	0.3%
PAG	B	0.09%	0.08%	0.08%
PARA	C	0.17%	0.16%	0.16%
PB	B	0.19%	0.2%	0.19%
PFGC	B	0.37%	0.36%	0.36%
PNFP	B	0.11%	0.27%	0.11%
PNR	A	0.48%	0.48%	0.48%
PNW	A	0.29%	0.28%	0.28%
POST	C	0.07%	0.14%	0.07%
PPC	C	0.05%	0.06%	0.05%
PR	B	0.13%	0.26%	0.13%
PRI	B	0.27%	0.28%	0.27%
PSN	D	0.15%	0.15%	0.15%
QRVO	F	0.2%	0.17%	0.17%
REG	A	0.38%	0.36%	0.36%
RGA	A	0.41%	0.41%	0.41%
RHI	C	0.2%	0.21%	0.2%
RL	C	0.22%	0.21%	0.21%
RLI	A	0.2%	0.21%	0.2%
RNR	C	0.4%	0.35%	0.35%
RPM	A	0.48%	0.49%	0.48%
RRC	B	0.2%	0.21%	0.2%
RRX	B	0.32%	0.32%	0.32%
RS	B	0.46%	0.48%	0.46%
SCI	B	0.33%	0.32%	0.32%
SEIC	B	0.26%	0.27%	0.26%
SF	B	0.29%	0.3%	0.29%
SFM	A	0.38%	0.38%	0.38%
SMMT	D	0.06%	0.05%	0.05%
SNV	C	0.2%	0.22%	0.2%
SNX	D	0.22%	0.21%	0.21%
SOLV	D	0.29%	0.26%	0.26%
SSB	B	0.22%	0.21%	0.21%
STAG	D	0.2%	0.18%	0.18%
SUM	B	0.17%	0.16%	0.16%
TAP	C	0.28%	0.31%	0.28%
TFX	F	0.28%	0.24%	0.24%
THC	D	0.43%	0.43%	0.43%
TMHC	C	0.2%	0.19%	0.19%
TOL	B	0.44%	0.42%	0.42%
TPG	A	0.16%	0.13%	0.13%
TPR	B	0.32%	0.36%	0.32%
TTEK	F	0.38%	0.3%	0.3%
UFPI	C	0.21%	0.22%	0.21%
UHAL	D	0.02%	0.17%	0.02%
UHAL	D	0.19%	0.17%	0.17%
UHAL	D	0.19%	0.01%	0.01%
UHAL	D	0.02%	0.01%	0.01%
UHS	D	0.34%	0.31%	0.31%
UNM	A	0.28%	0.33%	0.28%
USFD	A	0.44%	0.45%	0.44%
VFC	C	0.24%	0.2%	0.2%
VOYA	B	0.23%	0.22%	0.22%
WAL	B	0.25%	0.25%	0.25%
WBA	F	0.1%	0.17%	0.1%
WBS	A	0.26%	0.27%	0.26%
WCC	B	0.28%	0.29%	0.28%
WSM	C	0.39%	0.48%	0.39%
WTFC	A	0.23%	0.23%	0.23%
WTRG	B	0.28%	0.26%	0.26%
WTS	B	0.15%	0.16%	0.15%
X	B	0.23%	0.2%	0.2%
XPO	B	0.21%	0.45%	0.21%
Z	A	0.27%	0.31%	0.27%
ZG	A	0.06%	0.08%	0.06%
ZION	B	0.22%	0.24%	0.22%

VBR Overweight 591 Positions Relative to STXM

Symbol	Grade	Weight
SW	A	0.78%
BAH	F	0.69%
FCNCA	A	0.61%
BLDR	D	0.58%
ATO	A	0.58%
UTHR	C	0.49%
IEX	C	0.47%
LDOS	C	0.36%
SJM	D	0.34%
AES	F	0.34%
HUBB	B	0.33%
EPAM	B	0.3%
STLD	B	0.28%
SAIC	F	0.22%
VNO	C	0.22%
ESAB	C	0.21%
G	B	0.2%
LUMN	C	0.19%
EVRG	A	0.19%
R	B	0.18%
ALK	B	0.18%
CADE	B	0.18%
STWD	C	0.18%
FAF	A	0.18%
VMI	B	0.18%
WHR	B	0.17%
VNT	C	0.17%
SRCL	B	0.17%
SIRI	C	0.17%
CBT	D	0.17%
GBCI	B	0.17%
LNC	C	0.17%
AXS	A	0.17%
OMF	A	0.17%
COLB	B	0.17%
NXST	C	0.16%
COOP	B	0.16%
MOG.A	B	0.16%
AMG	B	0.16%
PVH	C	0.16%
KNF	B	0.16%
IDA	A	0.16%
SIGI	C	0.16%
NFG	A	0.16%
MDU	D	0.16%
UBSI	B	0.15%
UGI	C	0.15%
SON	F	0.15%
BCC	B	0.15%
ST	F	0.15%
VVV	D	0.15%
MATX	C	0.15%
FNB	A	0.15%
TKR	D	0.15%
RDN	D	0.15%
THO	B	0.15%
JHG	B	0.15%
BC	C	0.15%
KD	B	0.15%
GPI	B	0.14%
BDC	C	0.14%
RYN	D	0.14%
CUZ	B	0.14%
XRAY	F	0.14%
OZK	B	0.14%
KRC	B	0.14%
KTB	B	0.14%
PIPR	A	0.14%
AVT	C	0.14%
MDGL	B	0.14%
SLM	A	0.14%
THG	A	0.14%
OLN	F	0.14%
OGN	F	0.14%
POR	C	0.14%
CNX	A	0.14%
SLG	B	0.14%
HOMB	A	0.14%
GATX	A	0.14%
ZWS	B	0.14%
RIVN	F	0.13%
BCO	F	0.13%
WTM	A	0.13%
EAT	A	0.13%
FFIN	B	0.13%
LYFT	C	0.13%
AL	B	0.13%
SWX	B	0.13%
HWC	B	0.13%
MUR	D	0.13%
SBRA	C	0.13%
UMBF	B	0.13%
NJR	A	0.13%
ABG	C	0.13%
GTES	A	0.13%
ACA	A	0.13%
DNB	B	0.12%
ICUI	D	0.12%
FUL	F	0.12%
M	F	0.12%
OGS	A	0.12%
MAC	B	0.12%
ABCB	B	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	A	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	C	0.11%
CDP	C	0.11%
SKT	A	0.11%
WU	F	0.11%
SANM	B	0.11%
PBH	A	0.11%
AX	B	0.11%
ASO	F	0.11%
GVA	A	0.11%
ESGR	B	0.11%
KFY	B	0.11%
ALE	A	0.11%
PII	F	0.11%
SMG	C	0.11%
ACHC	F	0.11%
NUVL	C	0.11%
HOG	D	0.11%
KMPR	A	0.11%
HL	D	0.11%
SIG	B	0.11%
ENS	F	0.11%
ASGN	F	0.11%
ASH	F	0.11%
PLXS	B	0.11%
PNM	B	0.11%
MGEE	B	0.1%
NWE	B	0.1%
PCH	F	0.1%
OTTR	C	0.1%
TEX	F	0.1%
FULT	A	0.1%
WEN	D	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	B	0.1%
EPR	C	0.1%
CNO	B	0.1%
AEO	F	0.1%
IAC	F	0.1%
NWL	C	0.1%
PRGO	C	0.1%
SR	A	0.1%
WD	D	0.1%
GMS	B	0.1%
RUSHA	C	0.1%
MSM	C	0.1%
HIW	C	0.1%
TCBI	C	0.1%
DXC	B	0.1%
GNW	A	0.09%
WSFS	B	0.09%
AVA	A	0.09%
JWN	D	0.09%
BRC	D	0.09%
DEI	B	0.09%
MAN	F	0.09%
SATS	D	0.09%
MIR	A	0.09%
PENN	C	0.09%
PTEN	C	0.09%
NPO	A	0.09%
ATKR	D	0.09%
APAM	B	0.09%
AWR	B	0.09%
TDC	D	0.09%
AMED	F	0.09%
CWK	C	0.09%
BTU	B	0.09%
CATY	B	0.09%
FBP	C	0.09%
FHB	B	0.09%
TNL	A	0.09%
EBC	B	0.09%
PRIM	A	0.09%
SXT	C	0.09%
APLE	B	0.09%
COMP	B	0.09%
CBU	B	0.09%
AROC	A	0.09%
FHI	B	0.09%
ESE	B	0.09%
FIBK	B	0.08%
AKR	B	0.08%
CVBF	A	0.08%
CXT	C	0.08%
LXP	D	0.08%
ABR	C	0.08%
BKU	A	0.08%
NSP	F	0.08%
PBF	D	0.08%
TDS	B	0.08%
IOSP	C	0.08%
UE	B	0.08%
UNF	B	0.08%
CC	C	0.08%
TGNA	B	0.08%
SYNA	C	0.08%
DBRG	F	0.08%
REZI	A	0.08%
PRGS	A	0.08%
GHC	B	0.08%
PK	C	0.08%
WAFD	B	0.08%
SFNC	C	0.08%
MPW	F	0.08%
ALIT	C	0.08%
GFF	A	0.08%
MGRC	B	0.08%
RNG	C	0.08%
TRN	B	0.08%
IOVA	F	0.08%
BOH	B	0.08%
BHF	C	0.08%
ATGE	B	0.08%
BYD	B	0.07%
OMCL	C	0.07%
GT	C	0.07%
ENR	B	0.07%
ENOV	C	0.07%
CDE	C	0.07%
PFS	B	0.07%
PECO	A	0.07%
FFBC	B	0.07%
HBI	B	0.07%
CWEN	C	0.07%
RNA	C	0.07%
CNXC	F	0.07%
VSCO	C	0.07%
SPB	C	0.07%
SM	B	0.07%
DY	D	0.07%
MTX	B	0.07%
VAC	C	0.07%
HAYW	B	0.07%
PPBI	C	0.07%
ARCB	C	0.07%
BFH	C	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%
PFSI	C	0.07%
VIRT	A	0.07%
NMRK	C	0.06%
NATL	B	0.06%
CGON	F	0.06%
AZTA	D	0.06%
TRMK	C	0.06%
LRN	A	0.06%
IMVT	F	0.06%
RXO	D	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%
STRA	C	0.06%
PSMT	D	0.06%
SFBS	C	0.06%
VIAV	C	0.06%
SHO	D	0.06%
IBTX	B	0.06%
HURN	C	0.06%
FRME	B	0.06%
RNST	B	0.06%
ZD	B	0.06%
EVTC	B	0.06%
LAUR	A	0.06%
MTRN	C	0.06%
VSH	F	0.06%
CAKE	C	0.06%
AIN	C	0.06%
IVT	A	0.06%
AAP	D	0.06%
TOWN	B	0.06%
B	A	0.06%
OSIS	A	0.06%
IPGP	D	0.06%
AZZ	A	0.06%
WERN	C	0.06%
TTMI	C	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	F	0.05%
MLKN	F	0.05%
LZB	B	0.05%
DDS	B	0.05%
FCF	B	0.05%
UAA	C	0.05%
HEES	C	0.05%
CHCO	B	0.05%
CNK	C	0.05%
APOG	C	0.05%
LTC	B	0.05%
PDCO	F	0.05%
DRH	B	0.05%
HE	C	0.05%
NWBI	B	0.05%
THS	D	0.05%
NBHC	C	0.05%
GOLF	B	0.05%
PZZA	F	0.05%
KAR	B	0.05%
EPC	F	0.05%
OI	C	0.05%
STEP	C	0.05%
GBX	A	0.05%
PRG	C	0.05%
VSTS	C	0.05%
WSBC	B	0.05%
SUPN	C	0.05%
GNL	F	0.05%
CRGY	B	0.05%
LGND	C	0.05%
VYX	B	0.05%
MCY	A	0.05%
OFG	B	0.05%
ROIC	A	0.05%
CRI	F	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	B	0.04%
IART	C	0.04%
VC	F	0.04%
WS	C	0.04%
DNOW	B	0.04%
GO	C	0.04%
VRE	B	0.04%
BKE	B	0.04%
COLM	C	0.04%
NNI	D	0.04%
LADR	B	0.04%
RRR	F	0.04%
WABC	B	0.04%
CSGS	B	0.04%
REVG	C	0.04%
VRNT	C	0.04%
CAR	C	0.04%
SBH	C	0.04%
LCII	C	0.04%
ALEX	B	0.04%
NX	C	0.04%
STBA	B	0.04%
ESRT	C	0.04%
HTH	C	0.04%
CODI	B	0.04%
BLMN	F	0.04%
WT	A	0.04%
REYN	D	0.04%
HOPE	C	0.04%
NTCT	C	0.04%
VCTR	B	0.04%
TROX	D	0.04%
UPBD	B	0.04%
AMN	F	0.04%
CXW	C	0.04%
SMR	B	0.04%
HELE	C	0.04%
KN	B	0.04%
VRTS	B	0.04%
WKC	C	0.04%
ANDE	D	0.04%
JBGS	F	0.04%
NWN	A	0.04%
ELME	D	0.04%
BHE	C	0.04%
HP	C	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	A	0.04%
HLIO	B	0.04%
NPAB	F	0.04%
CABO	B	0.04%
AVNS	F	0.03%
MMI	C	0.03%
THR	B	0.03%
FA	C	0.03%
XRX	F	0.03%
LGF.A	C	0.03%
SCSC	C	0.03%
CWEN	C	0.03%
BV	C	0.03%
OMI	F	0.03%
JACK	C	0.03%
MYGN	F	0.03%
BRKL	B	0.03%
DK	C	0.03%
DNUT	F	0.03%
RWT	D	0.03%
USM	B	0.03%
ODP	F	0.03%
MRC	B	0.03%
DAN	D	0.03%
CARS	C	0.03%
UA	C	0.03%
WMK	C	0.03%
SCS	C	0.03%
KWR	C	0.03%
INSW	F	0.03%
ECPG	C	0.03%
TRS	B	0.03%
INVA	D	0.03%
SNDR	B	0.03%
CBRL	C	0.03%
MD	C	0.03%
ACT	C	0.03%
KFRC	D	0.03%
FBRT	D	0.03%
CSR	B	0.03%
ATSG	B	0.03%
OXM	F	0.03%
HTLF	B	0.03%
VSAT	F	0.03%
NAVI	F	0.03%
SAFT	B	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	A	0.03%
BHLB	B	0.03%
PMT	C	0.03%
BKD	F	0.03%
UNIT	B	0.03%
AMRX	C	0.03%
UVV	B	0.03%
CMPR	D	0.02%
SVC	F	0.02%
ATUS	B	0.02%
DAWN	D	0.02%
CVI	F	0.02%
FOR	F	0.02%
NAPA	A	0.02%
CWH	B	0.02%
BASE	B	0.02%
HPP	F	0.02%
PUMP	C	0.02%
KELYA	F	0.02%
HY	D	0.02%
AXL	C	0.02%
BGS	F	0.02%
RGR	F	0.02%
KOP	C	0.02%
SWI	C	0.02%
MODG	F	0.02%
SEB	F	0.02%
BMBL	C	0.02%
MATW	C	0.02%
KREF	C	0.02%
PRLB	B	0.02%
ECVT	C	0.02%
AMWD	C	0.02%
ETWO	F	0.02%
XHR	B	0.02%
HLF	C	0.02%
ASTE	C	0.02%
CFFN	C	0.02%
PCRX	C	0.02%
WNC	C	0.02%
CMTG	F	0.02%
TMP	B	0.02%
SAH	C	0.02%
PRAA	D	0.02%
FG	A	0.02%
PRA	C	0.02%
MNRO	D	0.02%
HAIN	D	0.02%
BRSP	C	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	B	0.01%
DIN	C	0.01%
CENT	C	0.01%
ALX	D	0.01%
CMP	C	0.01%
AMBC	C	0.01%
KRO	C	0.01%
TGI	B	0.01%
VREX	B	0.01%
SWBI	C	0.01%
CNDT	C	0.01%
ZIP	D	0.01%
TRTX	C	0.01%
SRCL	B	0.01%
HTZ	C	0.01%
CRCT	F	0.01%
WOOF	D	0.01%
NVRI	D	0.01%
INN	D	0.01%
RUSHB	C	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	C	0.01%
FWRD	D	0.01%
USNA	C	0.01%
CCO	C	0.01%
CLB	B	0.01%
CLBK	C	0.01%
HTLD	C	0.01%
ARRY	F	0.01%
BFS	C	0.01%
SCHL	F	0.01%
DJT	C	0.01%
TILE	B	0.01%
GCMG	B	0.01%
MXL	C	0.01%
LGF.A	C	0.01%
CAL	F	0.01%
GES	F	0.01%
SCWX	C	0.0%
AC	B	0.0%
AMCX	C	0.0%
ACDC	B	0.0%
TASK	C	0.0%
LESL	D	0.0%
LDI	C	0.0%
GEF	A	0.0%
NUS	D	0.0%
BRCC	F	0.0%

VBR Underweight 174 Positions Relative to STXM

Symbol	Grade	Weight
TPL	A	-0.7%
HOOD	B	-0.59%
PKG	A	-0.57%
IP	A	-0.53%
SNA	A	-0.52%
AER	A	-0.51%
KEY	B	-0.49%
NTRA	A	-0.48%
BURL	B	-0.47%
NTNX	B	-0.47%
MANH	D	-0.46%
TOST	B	-0.46%
DOCU	B	-0.45%
AVY	F	-0.45%
EG	C	-0.45%
GEN	B	-0.44%
GWRE	A	-0.44%
FNF	B	-0.44%
TXT	D	-0.44%
DT	D	-0.43%
CASY	A	-0.41%
VTRS	A	-0.41%
SAIA	B	-0.41%
FIX	A	-0.41%
PSTG	D	-0.41%
TWLO	A	-0.41%
GGG	B	-0.4%
FLEX	B	-0.4%
POOL	C	-0.38%
NDSN	B	-0.36%
CW	C	-0.36%
JKHY	D	-0.35%
SOFI	B	-0.35%
TXRH	B	-0.35%
DAY	B	-0.34%
CLH	C	-0.34%
AFRM	A	-0.34%
NBIX	C	-0.34%
CYBR	A	-0.34%
ONON	A	-0.33%
HST	C	-0.33%
BLD	D	-0.33%
LECO	C	-0.32%
INSM	C	-0.32%
AMH	C	-0.32%
ELS	C	-0.32%
BWXT	B	-0.31%
DUOL	A	-0.31%
LW	C	-0.31%
GNRC	C	-0.31%
PAYC	B	-0.31%
CUBE	C	-0.3%
EXP	B	-0.3%
NWSA	A	-0.3%
TECH	F	-0.3%
MNDY	C	-0.29%
FND	D	-0.28%
KNSL	B	-0.28%
LBRDK	C	-0.28%
WWD	C	-0.28%
CTLT	C	-0.28%
DOX	D	-0.27%
CIEN	C	-0.27%
MKTX	D	-0.27%
SRPT	F	-0.27%
CRL	D	-0.27%
WMS	F	-0.27%
HLI	A	-0.27%
EXEL	B	-0.27%
WING	D	-0.26%
RGLD	C	-0.26%
GLOB	B	-0.26%
CHDN	B	-0.26%
GMED	A	-0.25%
AAON	B	-0.25%
REXR	F	-0.25%
TPX	B	-0.25%
PCVX	D	-0.25%
BRBR	A	-0.25%
ROKU	D	-0.25%
EXAS	D	-0.25%
MORN	B	-0.25%
PCTY	C	-0.24%
RVMD	C	-0.24%
RBC	A	-0.24%
WYNN	C	-0.24%
AOS	F	-0.24%
TTC	C	-0.23%
MEDP	D	-0.23%
SKX	D	-0.23%
CRS	B	-0.23%
LNW	F	-0.23%
ITCI	C	-0.23%
CNH	C	-0.23%
MTCH	D	-0.23%
PEN	B	-0.23%
CZR	F	-0.22%
CNM	D	-0.22%
S	B	-0.22%
HQY	A	-0.22%
ENSG	C	-0.22%
CHE	D	-0.22%
PLNT	A	-0.22%
TKO	A	-0.22%
SMAR	B	-0.21%
SSD	F	-0.21%
PCOR	B	-0.21%
TREX	C	-0.21%
RGEN	D	-0.21%
ONTO	F	-0.21%
OLED	F	-0.2%
WEX	D	-0.2%
ESTC	C	-0.2%
MTN	C	-0.2%
GTLS	A	-0.2%
DBX	B	-0.19%
GXO	B	-0.19%
CGNX	D	-0.19%
LSCC	D	-0.19%
HALO	F	-0.19%
GNTX	C	-0.19%
ATI	C	-0.19%
RYAN	A	-0.19%
MTSI	B	-0.19%
AZEK	A	-0.18%
MTDR	B	-0.18%
ELF	C	-0.18%
SPSC	D	-0.18%
H	B	-0.18%
GTLB	B	-0.18%
NOVT	D	-0.17%
COLD	D	-0.17%
SN	D	-0.17%
SITE	F	-0.17%
CFLT	B	-0.17%
CYTK	F	-0.17%
LSTR	D	-0.17%
WSC	F	-0.17%
NOV	C	-0.17%
BRKR	D	-0.16%
COKE	C	-0.16%
CROX	D	-0.16%
ETSY	D	-0.16%
CHX	C	-0.16%
LFUS	D	-0.16%
WFRD	D	-0.16%
TRNO	F	-0.16%
BPMC	B	-0.16%
BFAM	D	-0.16%
LNTH	D	-0.15%
VKTX	F	-0.15%
ALTR	B	-0.15%
CIVI	D	-0.14%
HCP	B	-0.14%
PATH	C	-0.14%
ROIV	C	-0.14%
U	C	-0.14%
HLNE	B	-0.14%
IONS	F	-0.13%
IBP	D	-0.13%
APPF	B	-0.13%
CELH	F	-0.12%
BROS	A	-0.11%
NWS	A	-0.11%
RDDT	A	-0.11%
DLB	B	-0.11%
CHWY	B	-0.1%
W	D	-0.09%
HESM	B	-0.07%
CACC	D	-0.06%
KNTK	A	-0.06%
LCID	F	-0.05%
LBRDA	C	-0.04%
UWMC	D	-0.01%