VBR vs. VB ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to Vanguard Small-Cap ETF (VB)

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

$179.24

Average Daily Volume

568,240

Number of Holdings ^*

806

* may have additional holdings in another (foreign) market

VB

Vanguard Small-Cap ETF

VB Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of 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

$211.37

Average Daily Volume

873,847

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	VBR	VB
30 Days	-4.10%	-5.55%
60 Days	-0.09%	-1.94%
90 Days	2.73%	2.07%
12 Months	16.10%	13.84%

285 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in VB	Overlap
AA	A	0.19%	0.11%	0.11%
AAL	D	0.31%	0.17%	0.17%
AAP	A	0.16%	0.09%	0.09%
ABG	D	0.15%	0.08%	0.08%
ACHC	D	0.21%	0.12%	0.12%
ACM	A	0.41%	0.23%	0.23%
ADC	B	0.18%	0.1%	0.1%
AEL	A	0.14%	0.08%	0.08%
AEO	C	0.14%	0.08%	0.08%
AES	D	0.2%	0.11%	0.11%
AFG	B	0.3%	0.17%	0.17%
AGCO	B	0.24%	0.14%	0.14%
AGNC	C	0.21%	0.12%	0.12%
AGO	D	0.15%	0.08%	0.08%
AIRC	A	0.14%	0.08%	0.08%
AIT	C	0.23%	0.13%	0.13%
AIZ	C	0.3%	0.17%	0.17%
AL	A	0.17%	0.09%	0.09%
ALK	A	0.17%	0.09%	0.09%
ALLE	C	0.36%	0.2%	0.2%
ALLY	A	0.34%	0.19%	0.19%
ALSN	A	0.22%	0.12%	0.12%
AM	A	0.15%	0.08%	0.08%
AMG	B	0.17%	0.1%	0.1%
AN	A	0.17%	0.1%	0.1%
ANF	D	0.18%	0.1%	0.1%
APA	B	0.31%	0.17%	0.17%
APG	B	0.27%	0.15%	0.15%
AR	A	0.24%	0.14%	0.14%
ARMK	A	0.26%	0.15%	0.15%
ARW	B	0.21%	0.12%	0.12%
ASGN	B	0.14%	0.08%	0.08%
ASH	A	0.14%	0.08%	0.08%
ASO	D	0.15%	0.09%	0.09%
ATKR	A	0.22%	0.12%	0.12%
ATO	A	0.51%	0.31%	0.31%
ATR	B	0.29%	0.16%	0.16%
AVT	C	0.14%	0.08%	0.08%
AXS	A	0.15%	0.09%	0.09%
AXTA	C	0.23%	0.13%	0.13%
AYI	B	0.25%	0.14%	0.14%
BAH	C	0.59%	0.33%	0.33%
BBIO	F	0.05%	0.07%	0.05%
BBWI	C	0.35%	0.2%	0.2%
BC	D	0.2%	0.11%	0.11%
BCC	B	0.19%	0.1%	0.1%
BECN	A	0.19%	0.11%	0.11%
BERY	D	0.2%	0.12%	0.12%
BG	A	0.45%	0.25%	0.25%
BIO	F	0.21%	0.12%	0.12%
BJ	A	0.31%	0.17%	0.17%
BLDR	D	0.78%	0.44%	0.44%
BPOP	C	0.2%	0.11%	0.11%
BRO	C	0.31%	0.17%	0.17%
BRX	D	0.22%	0.12%	0.12%
BWA	B	0.25%	0.14%	0.14%
BXP	D	0.28%	0.16%	0.16%
CACI	B	0.26%	0.15%	0.15%
CADE	B	0.16%	0.09%	0.09%
CBSH	A	0.19%	0.11%	0.11%
CBT	A	0.16%	0.09%	0.09%
CCK	B	0.29%	0.17%	0.17%
CFR	A	0.2%	0.11%	0.11%
CG	B	0.34%	0.19%	0.19%
CHK	A	0.34%	0.19%	0.19%
CHRD	A	0.21%	0.12%	0.12%
CHRW	D	0.26%	0.15%	0.15%
CLF	B	0.35%	0.2%	0.2%
CMA	A	0.22%	0.13%	0.13%
CMC	A	0.21%	0.12%	0.12%
COHR	D	0.14%	0.16%	0.14%
COOP	A	0.15%	0.08%	0.08%
COTY	D	0.15%	0.08%	0.08%
CPRI	F	0.16%	0.09%	0.09%
CPT	B	0.32%	0.18%	0.18%
CRUS	C	0.15%	0.09%	0.09%
CSL	A	0.58%	0.32%	0.32%
CTLT	C	0.15%	0.17%	0.15%
DCI	A	0.28%	0.16%	0.16%
DINO	B	0.3%	0.17%	0.17%
DKS	A	0.28%	0.22%	0.22%
DOC	A	0.2%	0.11%	0.11%
DTM	A	0.18%	0.1%	0.1%
DVA	B	0.21%	0.12%	0.12%
EGP	F	0.27%	0.15%	0.15%
EHC	A	0.25%	0.14%	0.14%
ELAN	D	0.25%	0.14%	0.14%
EME	A	0.51%	0.29%	0.29%
EMN	A	0.36%	0.2%	0.2%
EQH	A	0.39%	0.22%	0.22%
ESAB	A	0.19%	0.11%	0.11%
ESI	B	0.18%	0.1%	0.1%
ESNT	C	0.19%	0.1%	0.1%
ETRN	A	0.16%	0.09%	0.09%
EVR	B	0.2%	0.11%	0.11%
EVRG	A	0.19%	0.11%	0.11%
EWBC	C	0.34%	0.19%	0.19%
FAF	D	0.18%	0.1%	0.1%
FCN	A	0.23%	0.13%	0.13%
FCNCA	A	0.54%	0.31%	0.31%
FFIN	B	0.14%	0.08%	0.08%
FFIV	C	0.34%	0.19%	0.19%
FHN	B	0.26%	0.15%	0.15%
FLR	B	0.22%	0.12%	0.12%
FLS	A	0.18%	0.1%	0.1%
FMC	D	0.24%	0.14%	0.14%
FNB	B	0.16%	0.09%	0.09%
FR	D	0.21%	0.12%	0.12%
FRT	B	0.26%	0.15%	0.15%
FUL	B	0.13%	0.07%	0.07%
FYBR	D	0.19%	0.1%	0.1%
G	D	0.18%	0.1%	0.1%
GATX	A	0.15%	0.08%	0.08%
GBCI	B	0.14%	0.08%	0.08%
GL	F	0.17%	0.09%	0.09%
GLPI	F	0.36%	0.2%	0.2%
GPK	A	0.27%	0.15%	0.15%
GPS	D	0.2%	0.11%	0.11%
HAS	A	0.23%	0.13%	0.13%
HII	C	0.35%	0.2%	0.2%
HOG	B	0.17%	0.09%	0.09%
HOMB	B	0.14%	0.08%	0.08%
HRB	B	0.21%	0.12%	0.12%
HSIC	D	0.3%	0.17%	0.17%
HUBB	B	0.34%	0.19%	0.19%
HUN	D	0.14%	0.08%	0.08%
IDA	B	0.14%	0.08%	0.08%
IEX	C	0.57%	0.32%	0.32%
INGR	B	0.24%	0.13%	0.13%
IPG	D	0.19%	0.11%	0.11%
ITT	B	0.34%	0.19%	0.19%
IVZ	C	0.22%	0.13%	0.13%
JAZZ	F	0.22%	0.12%	0.12%
JBL	D	0.5%	0.28%	0.28%
JEF	C	0.2%	0.11%	0.11%
JHG	B	0.13%	0.08%	0.08%
JLL	C	0.29%	0.16%	0.16%
JNPR	C	0.37%	0.21%	0.21%
JXN	A	0.16%	0.09%	0.09%
KBH	D	0.15%	0.08%	0.08%
KBR	A	0.26%	0.15%	0.15%
KD	C	0.15%	0.09%	0.09%
KEX	A	0.17%	0.1%	0.1%
KIM	D	0.41%	0.23%	0.23%
KMX	D	0.21%	0.12%	0.12%
KNF	B	0.14%	0.08%	0.08%
KNX	D	0.26%	0.15%	0.15%
KRC	D	0.13%	0.07%	0.07%
KRYS	A	0.13%	0.07%	0.07%
LAD	D	0.25%	0.14%	0.14%
LAMR	C	0.16%	0.18%	0.16%
LDOS	C	0.27%	0.15%	0.15%
LEA	D	0.25%	0.14%	0.14%
LNC	B	0.17%	0.09%	0.09%
LPX	C	0.17%	0.09%	0.09%
LYFT	B	0.2%	0.11%	0.11%
M	D	0.17%	0.09%	0.09%
MAT	D	0.22%	0.12%	0.12%
MDGL	D	0.14%	0.08%	0.08%
MDU	A	0.16%	0.09%	0.09%
MHK	D	0.22%	0.12%	0.12%
MIDD	C	0.13%	0.15%	0.13%
MKSI	D	0.27%	0.15%	0.15%
MLI	A	0.18%	0.1%	0.1%
MOG.A	A	0.14%	0.08%	0.08%
MOS	D	0.16%	0.09%	0.09%
MSA	A	0.22%	0.13%	0.13%
MSM	D	0.13%	0.08%	0.08%
MTG	C	0.19%	0.1%	0.1%
MTH	D	0.2%	0.11%	0.11%
MTZ	B	0.09%	0.1%	0.09%
MUR	A	0.21%	0.12%	0.12%
MUSA	A	0.24%	0.14%	0.14%
NCLH	B	0.27%	0.15%	0.15%
NFG	A	0.15%	0.09%	0.09%
NI	A	0.19%	0.11%	0.11%
NNN	C	0.24%	0.13%	0.13%
NRG	A	0.47%	0.26%	0.26%
NSIT	C	0.19%	0.1%	0.1%
NVT	A	0.38%	0.22%	0.22%
NXST	B	0.17%	0.1%	0.1%
NYT	D	0.21%	0.12%	0.12%
OC	A	0.45%	0.25%	0.25%
OGE	A	0.21%	0.12%	0.12%
OGN	B	0.15%	0.08%	0.08%
OHI	D	0.24%	0.13%	0.13%
OLN	C	0.22%	0.12%	0.12%
OMF	A	0.19%	0.11%	0.11%
ONB	B	0.16%	0.09%	0.09%
ORI	A	0.24%	0.13%	0.13%
OSK	A	0.25%	0.14%	0.14%
OVV	A	0.44%	0.25%	0.25%
OZK	A	0.16%	0.09%	0.09%
PARA	C	0.19%	0.11%	0.11%
PB	C	0.18%	0.1%	0.1%
PBF	A	0.18%	0.1%	0.1%
PECO	D	0.07%	0.08%	0.07%
PFGC	C	0.36%	0.2%	0.2%
PII	F	0.17%	0.09%	0.09%
PNFP	C	0.1%	0.11%	0.1%
PNR	B	0.43%	0.24%	0.24%
PNW	A	0.26%	0.15%	0.15%
POST	B	0.08%	0.09%	0.08%
PR	A	0.14%	0.16%	0.14%
PRGO	B	0.13%	0.08%	0.08%
PRI	D	0.27%	0.15%	0.15%
PTEN	D	0.15%	0.09%	0.09%
PVH	D	0.26%	0.15%	0.15%
R	C	0.15%	0.09%	0.09%
RDN	B	0.16%	0.09%	0.09%
REG	D	0.34%	0.19%	0.19%
RGA	A	0.39%	0.22%	0.22%
RHI	D	0.24%	0.14%	0.14%
RL	D	0.2%	0.11%	0.11%
RLI	B	0.2%	0.11%	0.11%
RNR	B	0.38%	0.21%	0.21%
RPM	C	0.47%	0.27%	0.27%
RRC	A	0.24%	0.14%	0.14%
RRX	C	0.37%	0.21%	0.21%
RS	B	0.59%	0.33%	0.33%
RYN	D	0.15%	0.09%	0.09%
SAIC	C	0.21%	0.12%	0.12%
SCI	C	0.32%	0.18%	0.18%
SEE	F	0.17%	0.09%	0.09%
SEIC	C	0.26%	0.15%	0.15%
SF	C	0.23%	0.13%	0.13%
SFM	A	0.2%	0.11%	0.11%
SIGI	B	0.2%	0.11%	0.11%
SLM	A	0.15%	0.08%	0.08%
SM	A	0.09%	0.1%	0.09%
SNV	C	0.17%	0.1%	0.1%
SNX	A	0.22%	0.12%	0.12%
SON	A	0.17%	0.1%	0.1%
SRCL	B	0.01%	0.08%	0.01%
SRCL	B	0.15%	0.08%	0.08%
SSB	C	0.2%	0.11%	0.11%
ST	D	0.17%	0.1%	0.1%
STAG	D	0.21%	0.12%	0.12%
STLD	A	0.35%	0.2%	0.2%
STWD	B	0.19%	0.1%	0.1%
SUM	C	0.17%	0.09%	0.09%
SWN	A	0.26%	0.14%	0.14%
SWX	A	0.16%	0.09%	0.09%
TAP	B	0.18%	0.1%	0.1%
TFX	D	0.33%	0.18%	0.18%
THC	B	0.32%	0.18%	0.18%
THG	B	0.14%	0.08%	0.08%
THO	D	0.18%	0.1%	0.1%
TKR	A	0.17%	0.1%	0.1%
TMHC	C	0.19%	0.11%	0.11%
TOL	B	0.42%	0.23%	0.23%
TPR	D	0.34%	0.19%	0.19%
TTEK	A	0.3%	0.17%	0.17%
UBSI	B	0.15%	0.08%	0.08%
UFPI	C	0.22%	0.13%	0.13%
UGI	B	0.16%	0.09%	0.09%
UHAL	C	0.02%	0.11%	0.02%
UHAL	C	0.2%	0.11%	0.11%
UHS	C	0.33%	0.18%	0.18%
UNM	A	0.27%	0.15%	0.15%
USFD	C	0.39%	0.22%	0.22%
UTHR	A	0.33%	0.19%	0.19%
VFC	F	0.17%	0.09%	0.09%
VMI	F	0.15%	0.08%	0.08%
VNO	B	0.15%	0.09%	0.09%
VNT	C	0.21%	0.12%	0.12%
VOYA	D	0.23%	0.13%	0.13%
VVV	C	0.18%	0.1%	0.1%
WAL	B	0.21%	0.12%	0.12%
WBS	C	0.27%	0.15%	0.15%
WCC	D	0.27%	0.15%	0.15%
WHR	F	0.2%	0.11%	0.11%
WRK	A	0.39%	0.22%	0.22%
WSM	A	0.5%	0.35%	0.35%
WTFC	C	0.2%	0.11%	0.11%
WTM	B	0.13%	0.08%	0.08%
WTRG	D	0.28%	0.16%	0.16%
WTS	B	0.18%	0.1%	0.1%
WU	C	0.15%	0.08%	0.08%
WWD	A	0.14%	0.16%	0.14%
X	D	0.25%	0.14%	0.14%
XPO	B	0.41%	0.23%	0.23%
XRAY	D	0.22%	0.12%	0.12%
ZION	B	0.2%	0.11%	0.11%
ZWS	C	0.14%	0.08%	0.08%

VBR Overweight 521 Positions Relative to VB

Symbol	Grade	Weight
TEX	A	0.13%
RIVN	F	0.13%
SPR	A	0.13%
ACA	D	0.13%
SIG	C	0.13%
NJR	A	0.13%
POR	A	0.13%
PCH	F	0.12%
MAN	B	0.12%
HWC	B	0.12%
ALIT	C	0.12%
Z	F	0.12%
ESGR	B	0.12%
TDC	F	0.12%
GPI	D	0.12%
BDC	D	0.12%
CRC	A	0.12%
ENS	D	0.12%
SYNA	F	0.12%
IAC	F	0.12%
GMS	B	0.12%
DXC	F	0.12%
SLGN	A	0.12%
GT	D	0.12%
ITGR	A	0.12%
CC	F	0.12%
WIRE	A	0.12%
PSN	B	0.12%
BCO	A	0.12%
AVNT	A	0.12%
AMKR	D	0.12%
FLO	A	0.12%
COLB	D	0.12%
SBRA	C	0.11%
CNX	A	0.11%
ALE	A	0.11%
VLY	D	0.11%
VAC	B	0.11%
KFY	C	0.11%
PK	B	0.11%
TPH	B	0.11%
MDC	A	0.11%
NPO	C	0.11%
HI	B	0.11%
APLE	D	0.11%
FTRE	B	0.11%
SLG	A	0.11%
KMPR	B	0.11%
PBH	B	0.11%
UMBF	B	0.11%
OTTR	B	0.11%
CUZ	C	0.11%
OGS	B	0.11%
NVST	D	0.11%
IOVA	D	0.11%
MAC	C	0.11%
BKH	A	0.11%
MATX	C	0.11%
CNXC	F	0.11%
ASB	B	0.1%
REZI	D	0.1%
AROC	A	0.1%
SEM	D	0.1%
SR	B	0.1%
NWE	A	0.1%
IBOC	A	0.1%
NWL	F	0.1%
HCC	A	0.1%
SMG	A	0.1%
ABCB	B	0.1%
GFF	C	0.1%
CTRE	A	0.1%
HASI	B	0.1%
AZTA	D	0.1%
EPR	D	0.1%
ARCB	B	0.1%
IOSP	C	0.1%
WD	D	0.1%
KSS	D	0.1%
PNM	D	0.1%
BHF	B	0.1%
GME	F	0.1%
PAG	D	0.1%
GTES	A	0.1%
WEN	A	0.1%
SANM	D	0.1%
RUSHA	B	0.1%
TNL	B	0.1%
TPG	C	0.1%
PIPR	C	0.1%
KTB	B	0.1%
ACI	F	0.1%
ESE	D	0.09%
AX	B	0.09%
HIW	B	0.09%
PENN	F	0.09%
FHB	C	0.09%
ARCH	B	0.09%
ABM	A	0.09%
MPW	B	0.09%
URBN	D	0.09%
VSH	F	0.09%
MGEE	A	0.09%
CNO	B	0.09%
HL	A	0.09%
AMED	D	0.09%
BTU	B	0.09%
DNB	D	0.09%
GNW	D	0.09%
BGC	B	0.09%
TCBI	D	0.09%
AIN	D	0.09%
SXT	A	0.09%
BNL	D	0.09%
TGNA	F	0.09%
FHI	B	0.09%
CRI	D	0.09%
FBP	B	0.09%
UCBI	D	0.09%
CACC	C	0.09%
APAM	B	0.09%
RRR	B	0.09%
MGRC	D	0.09%
SKT	C	0.09%
ENOV	D	0.09%
MTX	C	0.08%
WLK	A	0.08%
ICUI	F	0.08%
BOH	D	0.08%
WERN	F	0.08%
BLMN	B	0.08%
GVA	A	0.08%
JBLU	A	0.08%
LXP	D	0.08%
BRC	B	0.08%
VSTS	B	0.08%
OI	F	0.08%
SPB	C	0.08%
RXO	D	0.08%
CBU	D	0.08%
HUBG	D	0.08%
GO	B	0.08%
ADTN	F	0.08%
NHI	A	0.08%
FULT	B	0.08%
CATY	D	0.08%
GHC	C	0.08%
PLXS	D	0.08%
UNF	D	0.08%
EVTC	D	0.08%
NUVL	D	0.08%
SKYW	A	0.08%
PINC	D	0.08%
AUB	B	0.08%
AWR	F	0.08%
FL	F	0.08%
RNG	F	0.08%
MTRN	D	0.08%
BXMT	D	0.08%
WSFS	B	0.08%
HELE	F	0.08%
AVA	A	0.08%
ZD	F	0.08%
SITC	C	0.08%
IMVT	F	0.07%
ENR	D	0.07%
HAYW	D	0.07%
AUR	B	0.07%
PRIM	A	0.07%
SXI	C	0.07%
EBC	D	0.07%
INDB	B	0.07%
CAR	F	0.07%
EAT	C	0.07%
DEI	A	0.07%
NYCB	F	0.07%
ABR	D	0.07%
TRN	A	0.07%
SHO	C	0.07%
STRA	C	0.07%
PFSI	A	0.07%
PPBI	D	0.07%
PDCO	D	0.07%
OSIS	A	0.07%
SFNC	B	0.07%
PRGS	F	0.07%
IART	F	0.07%
CVBF	D	0.07%
OUT	B	0.07%
FIBK	D	0.07%
LEG	D	0.07%
ODP	C	0.06%
B	B	0.06%
GNL	F	0.06%
WS	A	0.06%
PHIN	A	0.06%
CENTA	B	0.06%
MLKN	D	0.06%
HURN	D	0.06%
MYGN	D	0.06%
AZZ	A	0.06%
TOWN	B	0.06%
ANDE	A	0.06%
PEB	C	0.06%
JOBY	F	0.06%
WOR	D	0.06%
DK	A	0.06%
KAR	A	0.06%
HP	A	0.06%
MC	C	0.06%
CWEN	B	0.06%
THS	D	0.06%
WAFD	B	0.06%
CWK	D	0.06%
EQC	F	0.06%
SCL	D	0.06%
ATGE	D	0.06%
EPC	D	0.06%
UE	D	0.06%
PWSC	F	0.06%
HBI	D	0.06%
GOLF	B	0.06%
NSP	A	0.06%
CNK	A	0.06%
PRK	B	0.06%
JWN	B	0.06%
KMT	B	0.06%
XRX	D	0.06%
HEES	B	0.06%
BLKB	A	0.06%
HNI	B	0.06%
DY	A	0.06%
DRH	C	0.06%
OMI	A	0.06%
AIR	B	0.06%
VIAV	F	0.06%
FFBC	B	0.06%
TROX	A	0.06%
VSAT	F	0.06%
PSMT	B	0.06%
LAUR	A	0.06%
FRME	B	0.06%
BKU	B	0.06%
VRNT	D	0.06%
BOKF	A	0.06%
MIR	A	0.06%
CHCO	B	0.05%
JBGS	D	0.05%
VGR	D	0.05%
CODI	C	0.05%
NWBI	B	0.05%
NTCT	F	0.05%
SHOO	C	0.05%
REYN	C	0.05%
PRG	D	0.05%
VSCO	F	0.05%
HMN	B	0.05%
TTMI	D	0.05%
GBX	A	0.05%
TRMK	B	0.05%
ROIC	D	0.05%
DBRG	D	0.05%
XHR	B	0.05%
LUMN	F	0.05%
ARI	A	0.05%
BANF	B	0.05%
LITE	F	0.05%
COMP	D	0.05%
LZB	D	0.05%
IBTX	D	0.05%
CBRL	F	0.05%
DNOW	A	0.05%
TDS	D	0.05%
SFBS	C	0.05%
DAN	F	0.05%
NBTB	B	0.05%
CAKE	B	0.05%
BANR	D	0.05%
IVT	B	0.05%
CXW	B	0.05%
CRS	A	0.05%
GEF	D	0.05%
OXM	A	0.05%
RNST	B	0.05%
WSBC	B	0.05%
GEO	A	0.05%
VRTS	C	0.05%
SATS	B	0.05%
JELD	B	0.05%
OFG	B	0.05%
EYE	F	0.05%
VIRT	A	0.05%
EDR	A	0.05%
AKR	A	0.05%
INFA	A	0.05%
SUPN	D	0.05%
CMTG	D	0.04%
SAFT	B	0.04%
BMBL	F	0.04%
STBA	B	0.04%
ECVT	A	0.04%
EIG	B	0.04%
SPNT	C	0.04%
AMN	F	0.04%
BKD	A	0.04%
ALEX	D	0.04%
RKLB	F	0.04%
LGF.A	A	0.04%
UVV	A	0.04%
LGND	B	0.04%
BKE	D	0.04%
PPC	A	0.04%
NHC	B	0.04%
HE	F	0.04%
INSW	A	0.04%
WABC	B	0.04%
IPGP	F	0.04%
CVI	C	0.04%
NX	B	0.04%
PMT	C	0.04%
LADR	C	0.04%
WNC	D	0.04%
DNUT	B	0.04%
LRN	D	0.04%
KAMN	A	0.04%
SBH	D	0.04%
APOG	A	0.04%
ESRT	C	0.04%
CDE	A	0.04%
HOPE	B	0.04%
KFRC	D	0.04%
GTY	B	0.04%
OMCL	D	0.04%
FCF	D	0.04%
IDCC	B	0.04%
KALU	A	0.04%
UA	D	0.04%
NBHC	B	0.04%
NWN	B	0.04%
NAVI	D	0.04%
MSGE	B	0.04%
NATL	A	0.04%
UAA	D	0.04%
LTC	A	0.04%
CNNE	D	0.04%
UNIT	D	0.04%
NMRK	D	0.04%
HTH	D	0.04%
MCY	A	0.04%
DOOR	A	0.04%
DDS	C	0.04%
KN	D	0.04%
CSGS	D	0.04%
RGR	B	0.03%
AXL	D	0.03%
AGIO	B	0.03%
FA	B	0.03%
BDN	A	0.03%
INVA	B	0.03%
AMRX	D	0.03%
RWT	D	0.03%
BRKL	D	0.03%
MD	D	0.03%
WWW	B	0.03%
CSR	A	0.03%
ATSG	F	0.03%
VSTO	A	0.03%
PDM	A	0.03%
SMTC	A	0.03%
BASE	D	0.03%
BRSP	D	0.03%
MNRO	F	0.03%
BGS	B	0.03%
DLX	B	0.03%
MATW	F	0.03%
HPP	F	0.03%
AMC	F	0.03%
HCSG	B	0.03%
PRLB	D	0.03%
AVNS	F	0.03%
LC	D	0.03%
LEVI	A	0.03%
ZG	F	0.03%
BHLB	B	0.03%
HLF	D	0.03%
ETWO	F	0.03%
SNDR	F	0.03%
VCTR	A	0.03%
HTZ	F	0.03%
EPAC	A	0.03%
MATV	A	0.03%
PRAA	D	0.03%
STEP	A	0.03%
ASTE	B	0.03%
ACT	A	0.03%
FDP	A	0.03%
AAT	B	0.03%
PACB	F	0.03%
MRC	B	0.03%
NWLI	A	0.03%
BHE	C	0.03%
ECPG	D	0.03%
REVG	A	0.03%
WMK	B	0.03%
PFS	D	0.03%
CARS	D	0.03%
AIV	A	0.03%
KOP	B	0.03%
GES	A	0.03%
THR	A	0.03%
SCS	D	0.03%
TRS	A	0.03%
SCSC	B	0.03%
CRGY	D	0.03%
CIM	F	0.03%
SVC	F	0.03%
GIII	B	0.03%
NNI	A	0.03%
DAWN	B	0.02%
BV	A	0.02%
PTVE	A	0.02%
CCO	D	0.02%
HTLD	F	0.02%
RDUS	D	0.02%
UDMY	F	0.02%
RDDT	D	0.02%
USNA	F	0.02%
CWH	F	0.02%
ATUS	F	0.02%
CNDT	D	0.02%
TGI	D	0.02%
TMP	D	0.02%
KNSA	D	0.02%
HY	D	0.02%
LGF.A	A	0.02%
CRNC	F	0.02%
SWI	C	0.02%
HTLF	A	0.02%
UNFI	F	0.02%
PRA	B	0.02%
EGBN	D	0.02%
AMBC	D	0.02%
NUS	F	0.02%
MXL	D	0.02%
CAL	D	0.02%
FOR	B	0.02%
HAIN	F	0.02%
CFFN	D	0.02%
DIN	F	0.02%
PBI	C	0.02%
VREX	D	0.02%
HLIO	B	0.02%
CHGG	F	0.02%
SCHL	D	0.02%
SAH	D	0.02%
PUMP	B	0.02%
CWEN	B	0.02%
ZETA	A	0.02%
KELYA	B	0.02%
EMBC	F	0.02%
FG	D	0.02%
NGVT	F	0.02%
SEB	D	0.02%
MMI	F	0.02%
AMWD	C	0.02%
OPK	B	0.01%
CRCT	B	0.01%
KRNY	D	0.01%
WOOF	F	0.01%
OLPX	F	0.01%
TTEC	F	0.01%
ACDC	B	0.01%
BRCC	B	0.01%
MED	F	0.01%
TRTX	A	0.01%
TWKS	F	0.01%
ALX	C	0.01%
ACCO	D	0.01%
SAVE	F	0.01%
KRO	A	0.01%
EE	B	0.01%
SMR	B	0.01%
CMP	F	0.01%
INN	C	0.01%
RUSHB	C	0.01%
ZIP	F	0.01%
ADV	A	0.01%
CENT	D	0.01%
RMR	D	0.01%
NVRI	B	0.01%
AMCX	D	0.01%
ARHS	B	0.01%
FWRD	F	0.01%
GCMG	A	0.01%
AMK	A	0.01%
SWBI	A	0.01%
BJRI	D	0.01%
CLB	B	0.01%
MEI	F	0.01%
GRC	C	0.01%
NABL	D	0.01%
UFCS	B	0.01%
NPK	A	0.01%
CLBK	B	0.01%
DBI	D	0.01%
SABR	F	0.01%
BFS	B	0.01%
TILE	B	0.01%
USM	D	0.01%
NAPA	F	0.01%
WRLD	A	0.01%
KREF	B	0.01%
RC	D	0.0%
AC	F	0.0%
FORR	F	0.0%
APPS	F	0.0%
GPRO	F	0.0%
SSP	F	0.0%
EAF	D	0.0%
GEF	D	0.0%
LDI	D	0.0%

VBR Underweight 201 Positions Relative to VB

Symbol	Grade	Weight
MSTR	B	-0.44%
TRGP	A	-0.43%
DECK	D	-0.42%
AXON	B	-0.39%
ENTG	D	-0.37%
PTC	C	-0.37%
DKNG	B	-0.34%
MANH	D	-0.27%
SAIA	D	-0.27%
PSTG	B	-0.27%
LII	C	-0.27%
GGG	C	-0.27%
VRT	A	-0.26%
NTNX	B	-0.26%
CELH	D	-0.25%
LECO	C	-0.25%
WSO	B	-0.25%
NBIX	C	-0.24%
RBA	C	-0.24%
CRL	D	-0.24%
BLD	C	-0.24%
NDSN	C	-0.24%
DT	D	-0.23%
FND	D	-0.23%
WMS	C	-0.23%
VST	A	-0.22%
EXAS	D	-0.22%
HOOD	B	-0.21%
SWAV	A	-0.21%
DOCU	B	-0.21%
AMH	C	-0.2%
FIX	B	-0.2%
SRPT	D	-0.2%
KNSL	B	-0.2%
CASY	A	-0.2%
CNM	A	-0.19%
WING	A	-0.19%
LSCC	F	-0.19%
ELS	D	-0.19%
TREX	C	-0.19%
AOS	A	-0.19%
TECH	F	-0.19%
QRVO	C	-0.19%
WEX	A	-0.18%
CUBE	C	-0.18%
ERIE	C	-0.18%
TXRH	A	-0.18%
ELF	D	-0.18%
FTI	A	-0.18%
REXR	F	-0.18%
NTRA	B	-0.18%
GWRE	C	-0.17%
TTC	D	-0.17%
TOST	B	-0.17%
CHE	C	-0.17%
RGEN	D	-0.17%
CW	A	-0.17%
CLH	A	-0.17%
WYNN	D	-0.17%
DAY	D	-0.17%
MTCH	F	-0.17%
MEDP	C	-0.17%
CZR	F	-0.16%
LNW	D	-0.16%
CVNA	B	-0.16%
APP	A	-0.16%
EXP	C	-0.16%
TPX	C	-0.16%
BWXT	C	-0.16%
FIVE	F	-0.16%
WSC	D	-0.15%
BRKR	D	-0.15%
MTN	D	-0.15%
OWL	A	-0.15%
SSD	D	-0.15%
PATH	F	-0.15%
ONTO	B	-0.15%
SITE	D	-0.14%
RBC	D	-0.14%
MORN	B	-0.14%
ESTC	D	-0.14%
RGLD	A	-0.14%
ETSY	F	-0.14%
EQT	B	-0.14%
SKX	C	-0.14%
CHDN	D	-0.14%
PEN	F	-0.14%
AFRM	D	-0.14%
ROKU	F	-0.14%
CROX	D	-0.14%
MKTX	F	-0.14%
WFRD	A	-0.14%
GNTX	C	-0.14%
PCTY	F	-0.13%
HST	C	-0.13%
CGNX	D	-0.13%
AZEK	C	-0.13%
POOL	D	-0.13%
DAR	D	-0.13%
DUOL	D	-0.13%
OLED	D	-0.13%
GNRC	A	-0.13%
CIVI	A	-0.13%
PCOR	D	-0.13%
NOV	B	-0.13%
LW	F	-0.13%
BRBR	C	-0.13%
RMBS	D	-0.12%
HLI	C	-0.12%
H	B	-0.12%
EXEL	A	-0.12%
SPSC	D	-0.12%
CHX	A	-0.12%
FN	D	-0.12%
BILL	F	-0.12%
CYTK	D	-0.12%
LSTR	D	-0.12%
MASI	B	-0.12%
HQY	B	-0.12%
GTLS	A	-0.12%
ENSG	C	-0.12%
COLD	F	-0.12%
CIEN	F	-0.12%
MTDR	A	-0.12%
DBX	F	-0.11%
W	D	-0.11%
GMED	D	-0.11%
HXL	D	-0.11%
UDR	A	-0.11%
TRNO	D	-0.11%
WH	D	-0.11%
IBP	B	-0.11%
NOVT	D	-0.11%
JKHY	C	-0.11%
INSP	B	-0.11%
ITCI	A	-0.11%
SOFI	F	-0.11%
GXO	F	-0.11%
IOT	D	-0.11%
ATI	A	-0.11%
RHP	C	-0.11%
BFAM	C	-0.11%
PCVX	D	-0.11%
MTSI	B	-0.1%
FRPT	B	-0.1%
CWST	B	-0.1%
AAON	A	-0.1%
TENB	D	-0.1%
S	F	-0.1%
BPMC	C	-0.1%
OPCH	D	-0.1%
CFLT	F	-0.1%
QLYS	D	-0.1%
APLS	F	-0.1%
PODD	F	-0.1%
LFUS	D	-0.1%
EXLS	D	-0.09%
SMAR	F	-0.09%
DLB	F	-0.09%
BCPC	C	-0.09%
RVMD	A	-0.09%
RH	F	-0.09%
MMS	B	-0.09%
HALO	D	-0.09%
FSS	B	-0.09%
RYAN	B	-0.09%
TWLO	D	-0.09%
TPL	A	-0.09%
GTLB	F	-0.09%
IONS	D	-0.09%
PLNT	F	-0.09%
AWI	C	-0.09%
ZI	F	-0.09%
HLNE	B	-0.08%
HAE	B	-0.08%
TDW	A	-0.08%
GKOS	A	-0.08%
SKY	C	-0.08%
EPRT	A	-0.08%
CVLT	C	-0.08%
MGY	A	-0.08%
ALKS	F	-0.08%
HRI	B	-0.08%
FIVN	F	-0.08%
NEU	C	-0.08%
RIG	B	-0.08%
SLAB	F	-0.08%
BYD	C	-0.08%
BMI	A	-0.08%
KRG	B	-0.08%
MARA	D	-0.08%
DV	F	-0.08%
EEFT	D	-0.08%
ALTR	C	-0.08%
APPF	D	-0.08%
PAYC	D	-0.08%
VRNS	D	-0.08%
OLLI	D	-0.08%
COKE	C	-0.07%
LNTH	B	-0.07%
AVAV	A	-0.07%