VBR vs. VLU ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to SPDR S&P 1500 Value Tilt ETF (VLU)

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

$211.20

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$192.30

Average Daily Volume

10,026

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

Performance

Period	VBR	VLU
30 Days	5.18%	3.51%
60 Days	6.13%	5.34%
90 Days	7.24%	6.98%
12 Months	32.19%	30.34%

627 Overlapping Holdings

	Symbol	Grade	Weight in VBR	Weight in VLU	Overlap
	AA	A	0.3%	0.04%	0.04%
	AAL	B	0.26%	0.08%	0.08%
	AAP	D	0.06%	0.02%	0.02%
	AAT	B	0.04%	0.01%	0.01%
	ABCB	B	0.12%	0.02%	0.02%
	ABG	C	0.13%	0.04%	0.04%
	ABM	B	0.1%	0.03%	0.03%
	ABR	C	0.08%	0.02%	0.02%
	ACA	A	0.13%	0.01%	0.01%
	ACHC	F	0.11%	0.01%	0.01%
	ACM	B	0.42%	0.03%	0.03%
	ADC	A	0.22%	0.02%	0.02%
	AEO	F	0.1%	0.01%	0.01%
	AES	F	0.34%	0.04%	0.04%
	AFG	A	0.28%	0.09%	0.09%
	AGCO	D	0.19%	0.03%	0.03%
	AGO	B	0.12%	0.02%	0.02%
	AIN	C	0.06%	0.01%	0.01%
	AIR	B	0.06%	0.0%	0.0%
	AIT	B	0.26%	0.02%	0.02%
	AIZ	A	0.29%	0.04%	0.04%
	AKR	B	0.08%	0.01%	0.01%
	AL	B	0.13%	0.04%	0.04%
	ALB	B	0.16%	0.05%	0.05%
	ALE	A	0.11%	0.02%	0.02%
	ALEX	B	0.04%	0.0%	0.0%
	ALK	B	0.18%	0.06%	0.06%
	ALLE	C	0.36%	0.01%	0.01%
	ALLY	C	0.28%	0.08%	0.08%
	AM	A	0.14%	0.02%	0.02%
	AMBC	C	0.01%	0.0%	0.0%
	AMED	F	0.09%	0.01%	0.01%
	AMG	B	0.16%	0.02%	0.02%
	AMKR	D	0.08%	0.02%	0.02%
	AMN	F	0.04%	0.0%	0.0%
	AMWD	C	0.02%	0.01%	0.01%
	AN	C	0.15%	0.04%	0.04%
	ANDE	D	0.04%	0.01%	0.01%
	ANF	F	0.2%	0.01%	0.01%
	APA	D	0.26%	0.04%	0.04%
	APAM	B	0.09%	0.01%	0.01%
	APLE	B	0.09%	0.03%	0.03%
	APOG	C	0.05%	0.01%	0.01%
	AR	B	0.11%	0.04%	0.04%
	ARCB	C	0.07%	0.01%	0.01%
	ARCH	B	0.07%	0.03%	0.03%
	ARI	C	0.04%	0.01%	0.01%
	ARMK	B	0.29%	0.05%	0.05%
	AROC	A	0.09%	0.01%	0.01%
	ARW	D	0.18%	0.05%	0.05%
	ASB	B	0.1%	0.03%	0.03%
	ASGN	F	0.11%	0.01%	0.01%
	ASH	F	0.11%	0.01%	0.01%
	ASO	F	0.11%	0.01%	0.01%
	ASTE	C	0.02%	0.0%	0.0%
	ATGE	B	0.08%	0.01%	0.01%
	ATO	A	0.58%	0.07%	0.07%
	ATR	B	0.33%	0.01%	0.01%
	AUB	B	0.1%	0.02%	0.02%
	AVA	A	0.09%	0.01%	0.01%
	AVNS	F	0.03%	0.01%	0.01%
	AVNT	B	0.12%	0.02%	0.02%
	AVT	C	0.14%	0.04%	0.04%
	AWR	B	0.09%	0.01%	0.01%
	AX	B	0.11%	0.02%	0.02%
	AXL	C	0.02%	0.01%	0.01%
	AXTA	B	0.24%	0.02%	0.02%
	AYI	B	0.27%	0.02%	0.02%
	AZTA	D	0.06%	0.0%	0.0%
	AZZ	A	0.06%	0.01%	0.01%
	B	A	0.06%	0.01%	0.01%
	BANF	B	0.06%	0.02%	0.02%
	BANR	B	0.06%	0.02%	0.02%
	BBWI	C	0.18%	0.02%	0.02%
	BC	C	0.15%	0.02%	0.02%
	BCC	B	0.15%	0.02%	0.02%
	BCO	F	0.13%	0.01%	0.01%
	BDC	C	0.14%	0.01%	0.01%
	BDN	C	0.02%	0.01%	0.01%
	BEN	C	0.1%	0.06%	0.06%
	BERY	C	0.22%	0.04%	0.04%
	BFH	C	0.07%	0.02%	0.02%
	BFS	C	0.01%	0.0%	0.0%
	BG	D	0.35%	0.11%	0.11%
	BGC	C	0.1%	0.01%	0.01%
	BGS	F	0.02%	0.0%	0.0%
	BHE	C	0.04%	0.02%	0.02%
	BHF	C	0.08%	0.03%	0.03%
	BHLB	B	0.03%	0.01%	0.01%
	BIO	C	0.2%	0.02%	0.02%
	BJ	A	0.33%	0.03%	0.03%
	BJRI	C	0.01%	0.0%	0.0%
	BKE	B	0.04%	0.01%	0.01%
	BKH	A	0.12%	0.04%	0.04%
	BKU	A	0.08%	0.03%	0.03%
	BLDR	D	0.58%	0.05%	0.05%
	BLKB	B	0.06%	0.0%	0.0%
	BLMN	F	0.04%	0.01%	0.01%
	BOH	B	0.08%	0.01%	0.01%
	BRC	D	0.09%	0.01%	0.01%
	BRKL	B	0.03%	0.01%	0.01%
	BRX	A	0.24%	0.03%	0.03%
	BTU	B	0.09%	0.03%	0.03%
	BWA	D	0.22%	0.07%	0.07%
	BXMT	C	0.07%	0.03%	0.03%
	BXP	C	0.33%	0.06%	0.06%
	BYD	B	0.07%	0.02%	0.02%
	CABO	B	0.04%	0.02%	0.02%
	CACI	D	0.36%	0.03%	0.03%
	CADE	B	0.18%	0.03%	0.03%
	CAKE	C	0.06%	0.01%	0.01%
	CAL	F	0.01%	0.0%	0.0%
	CAR	C	0.04%	0.02%	0.02%
	CARS	C	0.03%	0.0%	0.0%
	CATY	B	0.09%	0.03%	0.03%
	CBRL	C	0.03%	0.01%	0.01%
	CBSH	B	0.21%	0.02%	0.02%
	CBT	D	0.17%	0.02%	0.02%
	CBU	B	0.09%	0.01%	0.01%
	CC	C	0.08%	0.01%	0.01%
	CCK	D	0.33%	0.03%	0.03%
	CDP	C	0.11%	0.01%	0.01%
	CENT	C	0.01%	0.0%	0.0%
	CENTA	C	0.04%	0.01%	0.01%
	CFFN	C	0.02%	0.01%	0.01%
	CFR	B	0.21%	0.03%	0.03%
	CG	B	0.34%	0.02%	0.02%
	CHCO	B	0.05%	0.01%	0.01%
	CHRD	D	0.23%	0.07%	0.07%
	CHRW	B	0.34%	0.06%	0.06%
	CLB	B	0.01%	0.0%	0.0%
	CLF	F	0.18%	0.02%	0.02%
	CMA	B	0.25%	0.08%	0.08%
	CMC	B	0.18%	0.03%	0.03%
	CNK	C	0.05%	0.03%	0.03%
	CNO	B	0.1%	0.04%	0.04%
	CNX	A	0.14%	0.05%	0.05%
	CNXC	F	0.07%	0.02%	0.02%
	COHR	B	0.21%	0.03%	0.03%
	COLB	B	0.17%	0.05%	0.05%
	COLM	C	0.04%	0.01%	0.01%
	COOP	B	0.16%	0.05%	0.05%
	COTY	F	0.08%	0.01%	0.01%
	CPRI	F	0.06%	0.01%	0.01%
	CPT	B	0.36%	0.04%	0.04%
	CR	A	0.22%	0.03%	0.03%
	CRC	A	0.12%	0.02%	0.02%
	CRI	F	0.05%	0.01%	0.01%
	CRUS	D	0.17%	0.01%	0.01%
	CSGS	B	0.04%	0.0%	0.0%
	CSL	C	0.57%	0.03%	0.03%
	CSR	B	0.03%	0.0%	0.0%
	CUZ	B	0.14%	0.03%	0.03%
	CVBF	A	0.08%	0.02%	0.02%
	CVI	F	0.02%	0.01%	0.01%
	CWEN	C	0.03%	0.02%	0.02%
	CWEN	C	0.07%	0.02%	0.02%
	CWEN	C	0.07%	0.01%	0.01%
	CWEN	C	0.03%	0.01%	0.01%
	CWK	C	0.09%	0.03%	0.03%
	CXT	C	0.08%	0.0%	0.0%
	CXW	C	0.04%	0.02%	0.02%
	DAN	D	0.03%	0.01%	0.01%
	DCI	B	0.26%	0.01%	0.01%
	DEI	B	0.09%	0.03%	0.03%
	DINO	D	0.18%	0.06%	0.06%
	DKS	D	0.23%	0.03%	0.03%
	DLX	B	0.02%	0.01%	0.01%
	DNOW	B	0.04%	0.01%	0.01%
	DOC	C	0.23%	0.05%	0.05%
	DRH	B	0.05%	0.01%	0.01%
	DTM	A	0.26%	0.03%	0.03%
	DVA	C	0.17%	0.06%	0.06%
	DXC	B	0.1%	0.03%	0.03%
	DY	D	0.07%	0.01%	0.01%
	EAT	A	0.13%	0.02%	0.02%
	ECPG	C	0.03%	0.01%	0.01%
	EGBN	B	0.01%	0.01%	0.01%
	EGP	D	0.24%	0.01%	0.01%
	EHC	B	0.29%	0.02%	0.02%
	EIG	B	0.04%	0.01%	0.01%
	ELME	D	0.04%	0.01%	0.01%
	EMBC	C	0.02%	0.0%	0.0%
	EME	A	0.61%	0.03%	0.03%
	EMN	C	0.36%	0.04%	0.04%
	ENOV	C	0.07%	0.01%	0.01%
	ENR	B	0.07%	0.01%	0.01%
	ENS	F	0.11%	0.01%	0.01%
	EPAM	B	0.3%	0.02%	0.02%
	EPC	F	0.05%	0.01%	0.01%
	EPR	C	0.1%	0.01%	0.01%
	EQH	C	0.42%	0.07%	0.07%
	ESAB	C	0.21%	0.01%	0.01%
	ESE	B	0.09%	0.01%	0.01%
	ESNT	F	0.18%	0.02%	0.02%
	EVR	B	0.28%	0.02%	0.02%
	EVRG	A	0.19%	0.07%	0.07%
	EVTC	B	0.06%	0.0%	0.0%
	EWBC	A	0.39%	0.05%	0.05%
	EYE	C	0.02%	0.0%	0.0%
	FAF	A	0.18%	0.03%	0.03%
	FBIN	D	0.3%	0.02%	0.02%
	FBP	C	0.09%	0.01%	0.01%
	FBRT	D	0.03%	0.0%	0.0%
	FCF	B	0.05%	0.01%	0.01%
	FCN	F	0.2%	0.01%	0.01%
	FDP	B	0.04%	0.01%	0.01%
	FFBC	B	0.07%	0.02%	0.02%
	FFIN	B	0.13%	0.01%	0.01%
	FFIV	B	0.4%	0.02%	0.02%
	FHB	B	0.09%	0.02%	0.02%
	FHI	B	0.09%	0.01%	0.01%
	FHN	A	0.27%	0.06%	0.06%
	FL	F	0.06%	0.02%	0.02%
	FLO	D	0.12%	0.02%	0.02%
	FLR	B	0.26%	0.03%	0.03%
	FLS	B	0.2%	0.02%	0.02%
	FMC	D	0.24%	0.03%	0.03%
	FNB	A	0.15%	0.03%	0.03%
	FR	D	0.2%	0.01%	0.01%
	FRT	B	0.27%	0.01%	0.01%
	FTRE	D	0.04%	0.0%	0.0%
	FUL	F	0.12%	0.01%	0.01%
	FULT	A	0.1%	0.02%	0.02%
	FWRD	D	0.01%	0.01%	0.01%
	FYBR	C	0.26%	0.04%	0.04%
	G	B	0.2%	0.02%	0.02%
	GAP	C	0.15%	0.04%	0.04%
	GATX	A	0.14%	0.02%	0.02%
	GBCI	B	0.17%	0.02%	0.02%
	GBX	A	0.05%	0.02%	0.02%
	GEF	A	0.0%	0.02%	0.0%
	GEF	A	0.04%	0.02%	0.02%
	GEO	B	0.06%	0.03%	0.03%
	GES	F	0.01%	0.0%	0.0%
	GFF	A	0.08%	0.01%	0.01%
	GHC	B	0.08%	0.03%	0.03%
	GIII	D	0.03%	0.01%	0.01%
	GL	C	0.28%	0.04%	0.04%
	GLPI	C	0.38%	0.04%	0.04%
	GME	C	0.25%	0.03%	0.03%
	GMS	B	0.1%	0.01%	0.01%
	GNL	F	0.05%	0.01%	0.01%
	GNW	A	0.09%	0.03%	0.03%
	GO	C	0.04%	0.01%	0.01%
	GPI	B	0.14%	0.05%	0.05%
	GPK	C	0.25%	0.03%	0.03%
	GT	C	0.07%	0.02%	0.02%
	GTY	A	0.04%	0.01%	0.01%
	GVA	A	0.11%	0.01%	0.01%
	HAIN	D	0.02%	0.01%	0.01%
	HAS	D	0.25%	0.03%	0.03%
	HASI	D	0.12%	0.01%	0.01%
	HAYW	B	0.07%	0.0%	0.0%
	HBI	B	0.07%	0.03%	0.03%
	HCC	B	0.1%	0.03%	0.03%
	HCSG	C	0.02%	0.01%	0.01%
	HELE	C	0.04%	0.0%	0.0%
	HI	C	0.06%	0.01%	0.01%
	HII	F	0.21%	0.02%	0.02%
	HIW	C	0.1%	0.03%	0.03%
	HMN	B	0.04%	0.01%	0.01%
	HNI	B	0.06%	0.01%	0.01%
	HOG	D	0.11%	0.02%	0.02%
	HOMB	A	0.14%	0.02%	0.02%
	HOPE	C	0.04%	0.01%	0.01%
	HP	C	0.04%	0.03%	0.03%
	HPP	F	0.02%	0.0%	0.0%
	HRB	D	0.24%	0.02%	0.02%
	HSIC	C	0.26%	0.03%	0.03%
	HTH	C	0.04%	0.01%	0.01%
	HTLD	C	0.01%	0.0%	0.0%
	HTZ	C	0.01%	0.01%	0.01%
	HUBB	B	0.33%	0.03%	0.03%
	HUBG	A	0.07%	0.02%	0.02%
	HWC	B	0.13%	0.03%	0.03%
	IART	C	0.04%	0.0%	0.0%
	IBOC	B	0.1%	0.02%	0.02%
	IBTX	B	0.06%	0.02%	0.02%
	ICUI	D	0.12%	0.01%	0.01%
	IDA	A	0.16%	0.02%	0.02%
	IEX	C	0.47%	0.01%	0.01%
	INDB	B	0.07%	0.02%	0.02%
	INGR	C	0.25%	0.03%	0.03%
	INN	D	0.01%	0.01%	0.01%
	INVA	D	0.03%	0.01%	0.01%
	IOSP	C	0.08%	0.01%	0.01%
	IPG	D	0.32%	0.03%	0.03%
	IPGP	D	0.06%	0.01%	0.01%
	ITGR	B	0.12%	0.01%	0.01%
	ITT	A	0.33%	0.02%	0.02%
	IVZ	B	0.22%	0.07%	0.07%
	JACK	C	0.03%	0.0%	0.0%
	JAZZ	B	0.19%	0.02%	0.02%
	JBGS	F	0.04%	0.01%	0.01%
	JBL	C	0.39%	0.05%	0.05%
	JBLU	F	0.02%	0.02%	0.02%
	JEF	A	0.27%	0.06%	0.06%
	JHG	B	0.15%	0.05%	0.05%
	JLL	D	0.38%	0.05%	0.05%
	JNPR	D	0.37%	0.03%	0.03%
	JWN	D	0.09%	0.02%	0.02%
	JXN	C	0.22%	0.07%	0.07%
	KALU	C	0.03%	0.01%	0.01%
	KAR	B	0.05%	0.02%	0.02%
	KBH	D	0.15%	0.02%	0.02%
	KBR	F	0.26%	0.01%	0.01%
	KD	B	0.15%	0.03%	0.03%
	KELYA	F	0.02%	0.01%	0.01%
	KEX	B	0.19%	0.02%	0.02%
	KFY	B	0.11%	0.01%	0.01%
	KIM	A	0.47%	0.04%	0.04%
	KMPR	A	0.11%	0.02%	0.02%
	KMT	B	0.06%	0.01%	0.01%
	KMX	B	0.33%	0.05%	0.05%
	KN	B	0.04%	0.01%	0.01%
	KNF	B	0.16%	0.01%	0.01%
	KNX	C	0.23%	0.03%	0.03%
	KOP	C	0.02%	0.0%	0.0%
	KRC	B	0.14%	0.04%	0.04%
	KREF	C	0.02%	0.0%	0.0%
	KSS	F	0.06%	0.02%	0.02%
	KTB	B	0.14%	0.02%	0.02%
	KWR	C	0.03%	0.01%	0.01%
	LAD	A	0.26%	0.09%	0.09%
	LAMR	C	0.17%	0.03%	0.03%
	LCII	C	0.04%	0.01%	0.01%
	LDOS	C	0.36%	0.05%	0.05%
	LEA	F	0.16%	0.05%	0.05%
	LEG	F	0.04%	0.01%	0.01%
	LESL	D	0.0%	0.0%	0.0%
	LGND	C	0.05%	0.01%	0.01%
	LKQ	F	0.28%	0.03%	0.03%
	LNC	C	0.17%	0.05%	0.05%
	LPX	B	0.18%	0.02%	0.02%
	LRN	A	0.06%	0.01%	0.01%
	LTC	B	0.05%	0.01%	0.01%
	LUMN	C	0.19%	0.08%	0.08%
	LXP	D	0.08%	0.01%	0.01%
	LZB	B	0.05%	0.01%	0.01%
	M	F	0.12%	0.04%	0.04%
	MAC	B	0.12%	0.02%	0.02%
	MAN	F	0.09%	0.03%	0.03%
	MAT	D	0.2%	0.01%	0.01%
	MATV	D	0.02%	0.01%	0.01%
	MATW	C	0.02%	0.0%	0.0%
	MATX	C	0.15%	0.02%	0.02%
	MCY	A	0.05%	0.02%	0.02%
	MD	C	0.03%	0.01%	0.01%
	MDU	D	0.16%	0.02%	0.02%
	MGEE	B	0.1%	0.01%	0.01%
	MGM	D	0.12%	0.04%	0.04%
	MHK	D	0.21%	0.06%	0.06%
	MHO	D	0.06%	0.02%	0.02%
	MIDD	C	0.2%	0.01%	0.01%
	MKSI	C	0.2%	0.01%	0.01%
	MLI	B	0.27%	0.03%	0.03%
	MLKN	F	0.05%	0.01%	0.01%
	MMI	C	0.03%	0.01%	0.01%
	MNRO	D	0.02%	0.01%	0.01%
	MODG	F	0.02%	0.0%	0.0%
	MOG.A	B	0.16%	0.02%	0.02%
	MOS	F	0.25%	0.07%	0.07%
	MPW	F	0.08%	0.02%	0.02%
	MSA	F	0.18%	0.0%	0.0%
	MSM	C	0.1%	0.02%	0.02%
	MTG	C	0.19%	0.03%	0.03%
	MTH	D	0.19%	0.02%	0.02%
	MTRN	C	0.06%	0.0%	0.0%
	MTX	B	0.07%	0.01%	0.01%
	MTZ	B	0.11%	0.03%	0.03%
	MUR	D	0.13%	0.04%	0.04%
	MUSA	B	0.26%	0.04%	0.04%
	MXL	C	0.01%	0.0%	0.0%
	MYGN	F	0.03%	0.0%	0.0%
	NABL	F	0.01%	0.0%	0.0%
	NATL	B	0.06%	0.02%	0.02%
	NAVI	F	0.03%	0.01%	0.01%
	NBHC	C	0.05%	0.01%	0.01%
	NBTB	B	0.06%	0.01%	0.01%
	NCLH	B	0.16%	0.03%	0.03%
	NFG	A	0.16%	0.03%	0.03%
	NGVT	B	0.04%	0.01%	0.01%
	NHC	C	0.04%	0.01%	0.01%
	NI	A	0.23%	0.06%	0.06%
	NJR	A	0.13%	0.01%	0.01%
	NNN	C	0.23%	0.02%	0.02%
	NPO	A	0.09%	0.01%	0.01%
	NRG	B	0.55%	0.05%	0.05%
	NSIT	F	0.17%	0.02%	0.02%
	NSP	F	0.08%	0.01%	0.01%
	NTCT	C	0.04%	0.0%	0.0%
	NVRI	D	0.01%	0.0%	0.0%
	NVST	B	0.11%	0.01%	0.01%
	NVT	B	0.36%	0.02%	0.02%
	NWBI	B	0.05%	0.02%	0.02%
	NWE	B	0.1%	0.02%	0.02%
	NWL	C	0.1%	0.03%	0.03%
	NWN	A	0.04%	0.01%	0.01%
	NX	C	0.04%	0.0%	0.0%
	NXST	C	0.16%	0.03%	0.03%
	NYT	D	0.25%	0.01%	0.01%
	OC	A	0.45%	0.05%	0.05%
	ODP	F	0.03%	0.01%	0.01%
	OFG	B	0.05%	0.01%	0.01%
	OGE	A	0.23%	0.03%	0.03%
	OGN	F	0.14%	0.03%	0.03%
	OGS	A	0.12%	0.04%	0.04%
	OHI	C	0.32%	0.04%	0.04%
	OI	C	0.05%	0.02%	0.02%
	OLN	F	0.14%	0.02%	0.02%
	OMCL	C	0.07%	0.01%	0.01%
	OMI	F	0.03%	0.01%	0.01%
	ONB	C	0.18%	0.03%	0.03%
	ORI	A	0.24%	0.04%	0.04%
	OSIS	A	0.06%	0.01%	0.01%
	OSK	C	0.19%	0.02%	0.02%
	OTTR	C	0.1%	0.01%	0.01%
	OUT	A	0.07%	0.01%	0.01%
	OVV	B	0.3%	0.1%	0.1%
	OXM	F	0.03%	0.0%	0.0%
	OZK	B	0.14%	0.04%	0.04%
	PAG	B	0.09%	0.03%	0.03%
	PARA	C	0.17%	0.06%	0.06%
	PB	B	0.19%	0.03%	0.03%
	PBF	D	0.08%	0.03%	0.03%
	PBH	A	0.11%	0.01%	0.01%
	PBI	B	0.04%	0.01%	0.01%
	PCH	F	0.1%	0.01%	0.01%
	PCRX	C	0.02%	0.0%	0.0%
	PDCO	F	0.05%	0.01%	0.01%
	PECO	A	0.07%	0.01%	0.01%
	PENN	C	0.09%	0.03%	0.03%
	PFGC	B	0.37%	0.11%	0.11%
	PFS	B	0.07%	0.02%	0.02%
	PHIN	A	0.06%	0.01%	0.01%
	PII	F	0.11%	0.02%	0.02%
	PINC	B	0.06%	0.01%	0.01%
	PIPR	A	0.14%	0.01%	0.01%
	PK	C	0.08%	0.03%	0.03%
	PLXS	B	0.11%	0.02%	0.02%
	PMT	C	0.03%	0.01%	0.01%
	PNFP	B	0.11%	0.03%	0.03%
	PNM	B	0.11%	0.02%	0.02%
	PNR	A	0.48%	0.02%	0.02%
	PNW	A	0.29%	0.05%	0.05%
	POR	C	0.14%	0.02%	0.02%
	POST	C	0.07%	0.03%	0.03%
	PPBI	C	0.07%	0.01%	0.01%
	PPC	C	0.05%	0.02%	0.02%
	PR	B	0.13%	0.03%	0.03%
	PRA	C	0.02%	0.01%	0.01%
	PRAA	D	0.02%	0.0%	0.0%
	PRG	C	0.05%	0.02%	0.02%
	PRGO	C	0.1%	0.02%	0.02%
	PRGS	A	0.08%	0.0%	0.0%
	PRI	B	0.27%	0.02%	0.02%
	PRK	B	0.07%	0.01%	0.01%
	PRLB	B	0.02%	0.0%	0.0%
	PSMT	D	0.06%	0.01%	0.01%
	PTEN	C	0.09%	0.01%	0.01%
	PUMP	C	0.02%	0.01%	0.01%
	PVH	C	0.16%	0.02%	0.02%
	PZZA	F	0.05%	0.0%	0.0%
	QRVO	F	0.2%	0.01%	0.01%
	R	B	0.18%	0.06%	0.06%
	RDN	D	0.15%	0.03%	0.03%
	REG	A	0.38%	0.04%	0.04%
	REZI	A	0.08%	0.02%	0.02%
	RGA	A	0.41%	0.13%	0.13%
	RGR	F	0.02%	0.0%	0.0%
	RHI	C	0.2%	0.02%	0.02%
	RL	C	0.22%	0.03%	0.03%
	RLI	A	0.2%	0.01%	0.01%
	RNR	C	0.4%	0.05%	0.05%
	RNST	B	0.06%	0.02%	0.02%
	ROIC	A	0.05%	0.01%	0.01%
	RPM	A	0.48%	0.02%	0.02%
	RRC	B	0.2%	0.03%	0.03%
	RRX	B	0.32%	0.02%	0.02%
	RS	B	0.46%	0.05%	0.05%
	RUSHA	C	0.1%	0.02%	0.02%
	RWT	D	0.03%	0.01%	0.01%
	RXO	D	0.06%	0.01%	0.01%
	RYN	D	0.14%	0.01%	0.01%
	SAFT	B	0.03%	0.01%	0.01%
	SAH	C	0.02%	0.01%	0.01%
	SAIC	F	0.22%	0.02%	0.02%
	SANM	B	0.11%	0.04%	0.04%
	SATS	D	0.09%	0.02%	0.02%
	SBH	C	0.04%	0.01%	0.01%
	SBRA	C	0.13%	0.02%	0.02%
	SCHL	F	0.01%	0.01%	0.01%
	SCI	B	0.33%	0.02%	0.02%
	SCL	C	0.05%	0.0%	0.0%
	SCSC	C	0.03%	0.01%	0.01%
	SEE	C	0.12%	0.01%	0.01%
	SEIC	B	0.26%	0.02%	0.02%
	SEM	B	0.1%	0.02%	0.02%
	SF	B	0.29%	0.04%	0.04%
	SFBS	C	0.06%	0.01%	0.01%
	SFM	A	0.38%	0.03%	0.03%
	SFNC	C	0.08%	0.03%	0.03%
	SHO	D	0.06%	0.01%	0.01%
	SHOO	F	0.05%	0.01%	0.01%
	SIG	B	0.11%	0.02%	0.02%
	SIGI	C	0.16%	0.02%	0.02%
	SJM	D	0.34%	0.04%	0.04%
	SKT	A	0.11%	0.01%	0.01%
	SKYW	C	0.11%	0.02%	0.02%
	SLG	B	0.14%	0.02%	0.02%
	SLGN	A	0.12%	0.02%	0.02%
	SLM	A	0.14%	0.02%	0.02%
	SM	B	0.07%	0.02%	0.02%
	SMG	C	0.11%	0.01%	0.01%
	SNV	C	0.2%	0.04%	0.04%
	SNX	D	0.22%	0.08%	0.08%
	SOLV	D	0.29%	0.0%	0.0%
	SON	F	0.15%	0.02%	0.02%
	SPNT	B	0.04%	0.01%	0.01%
	SR	A	0.1%	0.02%	0.02%
	SSB	B	0.22%	0.03%	0.03%
	SSTK	F	0.01%	0.0%	0.0%
	ST	F	0.15%	0.01%	0.01%
	STAG	D	0.2%	0.01%	0.01%
	STBA	B	0.04%	0.01%	0.01%
	STLD	B	0.28%	0.08%	0.08%
	STRA	C	0.06%	0.01%	0.01%
	STWD	C	0.18%	0.05%	0.05%
	SUPN	C	0.05%	0.0%	0.0%
	SVC	F	0.02%	0.0%	0.0%
	SW	A	0.78%	0.22%	0.22%
	SWX	B	0.13%	0.02%	0.02%
	SXI	B	0.06%	0.0%	0.0%
	SXT	C	0.09%	0.01%	0.01%
	SYNA	C	0.08%	0.01%	0.01%
	TAP	C	0.28%	0.09%	0.09%
	TCBI	C	0.1%	0.02%	0.02%
	TDC	D	0.09%	0.01%	0.01%
	TDS	B	0.08%	0.03%	0.03%
	TEX	F	0.1%	0.01%	0.01%
	TFX	F	0.28%	0.01%	0.01%
	TGI	B	0.01%	0.0%	0.0%
	TGNA	B	0.08%	0.03%	0.03%
	THC	D	0.43%	0.06%	0.06%
	THG	A	0.14%	0.02%	0.02%
	THO	B	0.15%	0.03%	0.03%
	THS	D	0.05%	0.01%	0.01%
	TILE	B	0.01%	0.0%	0.0%
	TKR	D	0.15%	0.01%	0.01%
	TMHC	C	0.2%	0.04%	0.04%
	TMP	B	0.02%	0.01%	0.01%
	TNL	A	0.09%	0.02%	0.02%
	TOL	B	0.44%	0.05%	0.05%
	TPH	D	0.11%	0.02%	0.02%
	TPR	B	0.32%	0.04%	0.04%
	TRMK	C	0.06%	0.01%	0.01%
	TRN	B	0.08%	0.03%	0.03%
	TTEK	F	0.38%	0.01%	0.01%
	TTMI	C	0.06%	0.01%	0.01%
	UA	C	0.03%	0.01%	0.01%
	UAA	C	0.05%	0.02%	0.02%
	UBSI	B	0.15%	0.02%	0.02%
	UCB	A	0.1%	0.01%	0.01%
	UE	B	0.08%	0.01%	0.01%
	UFPI	C	0.21%	0.02%	0.02%
	UGI	C	0.15%	0.04%	0.04%
	UHS	D	0.34%	0.05%	0.05%
	UMBF	B	0.13%	0.02%	0.02%
	UNF	B	0.08%	0.01%	0.01%
	UNFI	A	0.03%	0.01%	0.01%
	UNIT	B	0.03%	0.0%	0.0%
	UNM	A	0.28%	0.11%	0.11%
	UPBD	B	0.04%	0.01%	0.01%
	URBN	C	0.07%	0.02%	0.02%
	USFD	A	0.44%	0.08%	0.08%
	USNA	C	0.01%	0.0%	0.0%
	UTHR	C	0.49%	0.04%	0.04%
	UVV	B	0.03%	0.01%	0.01%
	VAC	C	0.07%	0.01%	0.01%
	VC	F	0.04%	0.01%	0.01%
	VFC	C	0.24%	0.06%	0.06%
	VIAV	C	0.06%	0.0%	0.0%
	VLY	B	0.12%	0.04%	0.04%
	VMI	B	0.18%	0.02%	0.02%
	VNO	C	0.22%	0.06%	0.06%
	VNT	C	0.17%	0.01%	0.01%
	VOYA	B	0.23%	0.04%	0.04%
	VRE	B	0.04%	0.01%	0.01%
	VRTS	B	0.04%	0.01%	0.01%
	VSAT	F	0.03%	0.0%	0.0%
	VSCO	C	0.07%	0.02%	0.02%
	VSH	F	0.06%	0.01%	0.01%
	VSTO	A	0.03%	0.01%	0.01%
	VSTS	C	0.05%	0.02%	0.02%
	VVV	D	0.15%	0.02%	0.02%
	VYX	B	0.05%	0.02%	0.02%
	WABC	B	0.04%	0.0%	0.0%
	WAFD	B	0.08%	0.03%	0.03%
	WBA	F	0.1%	0.05%	0.05%
	WBS	A	0.26%	0.04%	0.04%
	WCC	B	0.28%	0.04%	0.04%
	WD	D	0.1%	0.01%	0.01%
	WEN	D	0.1%	0.01%	0.01%
	WERN	C	0.06%	0.01%	0.01%
	WHR	B	0.17%	0.05%	0.05%
	WKC	C	0.04%	0.01%	0.01%
	WLK	D	0.07%	0.03%	0.03%
	WNC	C	0.02%	0.0%	0.0%
	WOR	F	0.03%	0.01%	0.01%
	WRLD	C	0.01%	0.01%	0.01%
	WS	C	0.04%	0.01%	0.01%
	WSFS	B	0.09%	0.01%	0.01%
	WSM	C	0.39%	0.02%	0.02%
	WT	A	0.04%	0.0%	0.0%
	WTFC	A	0.23%	0.03%	0.03%
	WTRG	B	0.28%	0.03%	0.03%
	WTS	B	0.15%	0.01%	0.01%
	WU	F	0.11%	0.03%	0.03%
	WWW	A	0.03%	0.01%	0.01%
	X	B	0.23%	0.07%	0.07%
	XHR	B	0.02%	0.01%	0.01%
	XPO	B	0.21%	0.04%	0.04%
	XRAY	F	0.14%	0.01%	0.01%
	XRX	F	0.03%	0.01%	0.01%
	ZD	B	0.06%	0.01%	0.01%
	ZION	B	0.22%	0.07%	0.07%

VBR Overweight 169 Positions Relative to VLU

	Symbol	Grade	Weight
	BAH	F	0.69%
	FCNCA	A	0.61%
	Z	A	0.27%
	ALSN	B	0.27%
	APG	B	0.25%
	WAL	B	0.25%
	AGNC	C	0.21%
	BPOP	C	0.19%
	UHAL	D	0.19%
	ELAN	D	0.18%
	BECN	B	0.17%
	SRCL	B	0.17%
	ACI	C	0.17%
	SUM	B	0.17%
	SIRI	C	0.17%
	ESI	B	0.17%
	AXS	A	0.17%
	OMF	A	0.17%
	TPG	A	0.16%
	PSN	D	0.15%
	MDGL	B	0.14%
	AUR	C	0.14%
	ZWS	B	0.14%
	RIVN	F	0.13%
	WTM	A	0.13%
	LYFT	C	0.13%
	GTES	A	0.13%
	DNB	B	0.12%
	EDR	A	0.12%
	HUN	F	0.11%
	ESGR	B	0.11%
	NUVL	C	0.11%
	HL	D	0.11%
	BNL	D	0.1%
	NHI	D	0.1%
	IAC	F	0.1%
	MIR	A	0.09%
	ADTN	A	0.09%
	ATKR	D	0.09%
	EBC	B	0.09%
	PRIM	A	0.09%
	COMP	B	0.09%
	FIBK	B	0.08%
	DBRG	F	0.08%
	ALIT	C	0.08%
	MGRC	B	0.08%
	RNG	C	0.08%
	IOVA	F	0.08%
	CDE	C	0.07%
	RNA	C	0.07%
	BOKF	B	0.07%
	SPB	C	0.07%
	PFSI	C	0.07%
	VIRT	A	0.07%
	NMRK	C	0.06%
	CGON	F	0.06%
	IMVT	F	0.06%
	WLY	B	0.06%
	EQC	B	0.06%
	SMMT	D	0.06%
	ZG	A	0.06%
	HURN	C	0.06%
	FRME	B	0.06%
	LAUR	A	0.06%
	INFA	D	0.06%
	IVT	A	0.06%
	TOWN	B	0.06%
	JOBY	B	0.06%
	DDS	B	0.05%
	HEES	C	0.05%
	HE	C	0.05%
	GOLF	B	0.05%
	STEP	C	0.05%
	WSBC	B	0.05%
	CRGY	B	0.05%
	DYN	F	0.04%
	PDM	D	0.04%
	NNI	D	0.04%
	LADR	B	0.04%
	RRR	F	0.04%
	REVG	C	0.04%
	VRNT	C	0.04%
	ESRT	C	0.04%
	CODI	B	0.04%
	REYN	D	0.04%
	VCTR	B	0.04%
	TROX	D	0.04%
	SMR	B	0.04%
	LC	A	0.04%
	HLIO	B	0.04%
	NPAB	F	0.04%
	THR	B	0.03%
	FA	C	0.03%
	LGF.A	C	0.03%
	BV	C	0.03%
	DK	C	0.03%
	DNUT	F	0.03%
	USM	B	0.03%
	MRC	B	0.03%
	WMK	C	0.03%
	SCS	C	0.03%
	INSW	F	0.03%
	TRS	B	0.03%
	SNDR	B	0.03%
	ACT	C	0.03%
	KFRC	D	0.03%
	ATSG	B	0.03%
	HTLF	B	0.03%
	RBRK	A	0.03%
	CNNE	B	0.03%
	MSGE	F	0.03%
	AIV	C	0.03%
	JELD	F	0.03%
	BKD	F	0.03%
	AMRX	C	0.03%
	CMPR	D	0.02%
	ATUS	B	0.02%
	DAWN	D	0.02%
	FOR	F	0.02%
	NAPA	A	0.02%
	CWH	B	0.02%
	BASE	B	0.02%
	HY	D	0.02%
	UHAL	D	0.02%
	SWI	C	0.02%
	SEB	F	0.02%
	BMBL	C	0.02%
	ECVT	C	0.02%
	ETWO	F	0.02%
	HLF	C	0.02%
	CMTG	F	0.02%
	FG	A	0.02%
	BRSP	C	0.02%
	LEVI	F	0.02%
	OLPX	D	0.01%
	OPK	C	0.01%
	TWKS	B	0.01%
	DIN	C	0.01%
	ALX	D	0.01%
	CMP	C	0.01%
	KRO	C	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%
	CRCT	F	0.01%
	WOOF	D	0.01%
	RUSHB	C	0.01%
	VMEO	B	0.01%
	RMR	F	0.01%
	GRC	A	0.01%
	EE	A	0.01%
	PTVE	B	0.01%
	CCO	C	0.01%
	CLBK	C	0.01%
	ARRY	F	0.01%
	DJT	C	0.01%
	GCMG	B	0.01%
	LGF.A	C	0.01%
	SCWX	C	0.0%
	AC	B	0.0%
	AMCX	C	0.0%
	ACDC	B	0.0%
	TASK	C	0.0%
	LDI	C	0.0%
	NUS	D	0.0%
	BRCC	F	0.0%

VBR Underweight 795 Positions Relative to VLU

	Symbol	Grade	Weight
	BRK.A	B	-2.43%
	AAPL	C	-2.4%
	AMZN	C	-2.04%
	XOM	B	-1.99%
	WMT	A	-1.82%
	META	D	-1.68%
	BAC	A	-1.57%
	JPM	A	-1.53%
	VZ	C	-1.5%
	MSFT	D	-1.41%
	T	A	-1.4%
	CVX	A	-1.36%
	WFC	A	-1.25%
	UNH	B	-1.15%
	GOOG	C	-1.15%
	C	A	-1.13%
	JNJ	C	-0.78%
	GOOGL	C	-0.72%
	PFE	F	-0.7%
	MS	A	-0.63%
	CMCSA	B	-0.62%
	TSLA	B	-0.62%
	COF	C	-0.61%
	GS	A	-0.59%
	CVS	D	-0.58%
	PM	B	-0.56%
	GM	C	-0.55%
	TFC	A	-0.54%
	HD	B	-0.52%
	CSCO	B	-0.51%
	PG	C	-0.48%
	PSX	C	-0.47%
	ORCL	A	-0.45%
	V	A	-0.45%
	MPC	D	-0.45%
	KMI	A	-0.45%
	RTX	D	-0.44%
	TMUS	B	-0.43%
	AVGO	D	-0.42%
	MET	A	-0.42%
	COP	C	-0.41%
	PNC	B	-0.41%
	IBM	C	-0.41%
	USB	A	-0.39%
	MCK	A	-0.39%
	PRU	A	-0.39%
	VLO	C	-0.38%
	F	C	-0.37%
	UPS	C	-0.37%
	ABBV	F	-0.37%
	MO	A	-0.36%
	COR	B	-0.36%
	NVDA	B	-0.36%
	KO	D	-0.36%
	GILD	C	-0.35%
	AXP	A	-0.35%
	DAL	B	-0.35%
	BMY	B	-0.35%
	CI	D	-0.34%
	CB	C	-0.34%
	NEE	C	-0.34%
	INTC	C	-0.33%
	DUK	C	-0.33%
	CHTR	C	-0.33%
	PEP	F	-0.33%
	KR	B	-0.33%
	MDT	D	-0.32%
	DIS	B	-0.32%
	LMT	D	-0.32%
	ACN	B	-0.31%
	HPQ	B	-0.31%
	MRK	D	-0.3%
	SO	C	-0.3%
	BK	A	-0.29%
	ELV	F	-0.29%
	COST	A	-0.28%
	GE	D	-0.27%
	MMM	D	-0.27%
	CRM	B	-0.27%
	UAL	A	-0.26%
	CNC	D	-0.26%
	SCHW	B	-0.26%
	ABT	B	-0.25%
	CAH	B	-0.25%
	FDX	B	-0.25%
	KHC	F	-0.24%
	TXN	C	-0.24%
	CAT	B	-0.24%
	EOG	A	-0.24%
	D	C	-0.24%
	AIG	B	-0.24%
	HON	C	-0.23%
	KVUE	A	-0.23%
	AMGN	F	-0.23%
	LOW	C	-0.23%
	HPE	B	-0.23%
	QCOM	F	-0.22%
	DE	B	-0.22%
	UNP	C	-0.22%
	ADM	D	-0.22%
	TGT	F	-0.22%
	BLK	B	-0.22%
	SYF	B	-0.22%
	CCL	A	-0.21%
	GD	D	-0.21%
	AFL	B	-0.21%
	LLY	F	-0.19%
	LIN	C	-0.19%
	NFLX	A	-0.19%
	WMB	A	-0.19%
	EXC	C	-0.19%
	MTB	A	-0.18%
	HCA	F	-0.18%
	CFG	B	-0.18%
	PGR	A	-0.18%
	MDLZ	F	-0.18%
	LYB	F	-0.18%
	SRE	A	-0.18%
	TRV	B	-0.18%
	PYPL	B	-0.18%
	HUM	C	-0.17%
	LUV	C	-0.17%
	OXY	D	-0.17%
	ADBE	C	-0.17%
	DD	C	-0.17%
	IP	A	-0.17%
	WBD	B	-0.17%
	FI	A	-0.16%
	BBY	D	-0.16%
	TSN	B	-0.16%
	BA	F	-0.16%
	EMR	B	-0.16%
	ETR	B	-0.16%
	JCI	B	-0.16%
	ALL	A	-0.16%
	AEP	C	-0.16%
	PFG	D	-0.16%
	DFS	B	-0.16%
	TJX	A	-0.16%
	NOC	D	-0.15%
	XEL	A	-0.15%
	APD	A	-0.15%
	MCD	D	-0.15%
	DOW	F	-0.15%
	KEY	B	-0.15%
	CMI	A	-0.14%
	PEG	A	-0.14%
	OKE	A	-0.14%
	BX	A	-0.14%
	SBUX	A	-0.14%
	STT	B	-0.14%
	TMO	F	-0.14%
	PCG	A	-0.13%
	EQT	B	-0.13%
	AMT	C	-0.13%
	HBAN	A	-0.13%
	MU	D	-0.13%
	LEN	D	-0.13%
	L	A	-0.13%
	HIG	B	-0.13%
	VTRS	A	-0.13%
	NEM	D	-0.13%
	PLD	F	-0.13%
	SLB	C	-0.13%
	MA	B	-0.13%
	SYY	D	-0.12%
	MMC	B	-0.12%
	BKNG	A	-0.12%
	ACGL	C	-0.12%
	AMD	F	-0.12%
	NKE	F	-0.12%
	FITB	B	-0.12%
	SPGI	C	-0.12%
	BKR	A	-0.12%
	RF	A	-0.12%
	DVN	F	-0.12%
	AMP	A	-0.12%
	PCAR	B	-0.12%
	WELL	A	-0.12%
	NSC	B	-0.12%
	ETN	A	-0.12%
	ED	C	-0.12%
	ADI	D	-0.12%
	FIS	C	-0.11%
	CTSH	B	-0.11%
	DHR	F	-0.11%
	O	C	-0.11%
	ICE	C	-0.11%
	VST	A	-0.11%
	BSX	A	-0.11%
	KDP	F	-0.11%
	NUE	C	-0.11%
	WEC	A	-0.1%
	WM	B	-0.1%
	PH	A	-0.1%
	CCI	C	-0.1%
	KMB	C	-0.1%
	LHX	C	-0.1%
	REGN	F	-0.1%
	EIX	B	-0.1%
	GIS	D	-0.1%
	GLW	B	-0.1%
	ISRG	A	-0.1%
	VRTX	D	-0.1%
	CME	B	-0.1%
	FANG	C	-0.1%
	AMAT	F	-0.1%
	CSX	C	-0.1%
	DHI	F	-0.1%
	ADP	A	-0.09%
	FOXA	A	-0.09%
	RSG	A	-0.09%
	AEE	A	-0.09%
	MAR	A	-0.09%
	TRGP	A	-0.09%
	VICI	C	-0.09%
	CL	D	-0.09%
	DTE	C	-0.09%
	PPL	A	-0.09%
	ITW	B	-0.09%
	SYK	B	-0.09%
	ORLY	B	-0.08%
	CNP	A	-0.08%
	FNF	B	-0.08%
	FCX	F	-0.08%
	EQR	C	-0.08%
	CARR	C	-0.08%
	EG	C	-0.08%
	K	A	-0.08%
	TT	A	-0.08%
	CTVA	C	-0.08%
	NTRS	A	-0.08%
	MRO	B	-0.08%
	BDX	F	-0.08%
	VTR	B	-0.08%
	CBRE	B	-0.08%
	ES	C	-0.08%
	EBAY	D	-0.08%
	RCL	A	-0.08%
	UBER	F	-0.08%
	FE	C	-0.07%
	LVS	B	-0.07%
	GRMN	B	-0.07%
	WTW	B	-0.07%
	PSA	C	-0.07%
	NXPI	D	-0.07%
	LRCX	F	-0.07%
	NDAQ	A	-0.07%
	PANW	B	-0.07%
	ANET	C	-0.07%
	AVB	B	-0.07%
	AON	A	-0.07%
	CINF	A	-0.07%
	HRL	D	-0.07%
	BIIB	F	-0.07%
	URI	C	-0.07%
	HAL	C	-0.07%
	EQIX	A	-0.07%
	TROW	B	-0.07%
	AJG	A	-0.06%
	GWW	B	-0.06%
	LH	B	-0.06%
	CMS	C	-0.06%
	ROST	D	-0.06%
	NVR	D	-0.06%
	PHM	D	-0.06%
	PAYX	B	-0.06%
	OMC	C	-0.06%
	IBKR	A	-0.06%
	CTRA	B	-0.06%
	PPG	F	-0.06%
	HES	B	-0.06%
	INTU	B	-0.06%
	ABNB	C	-0.06%
	SHW	B	-0.06%
	CF	A	-0.06%
	APH	A	-0.06%
	SPG	A	-0.06%
	CAG	F	-0.06%
	GPN	B	-0.06%
	RJF	A	-0.06%
	WY	F	-0.06%
	AZO	C	-0.06%
	NOW	A	-0.06%
	LYV	A	-0.05%
	WPC	C	-0.05%
	PKG	A	-0.05%
	APTV	F	-0.05%
	DG	F	-0.05%
	ARE	F	-0.05%
	GPC	D	-0.05%
	IFF	D	-0.05%
	FOX	A	-0.05%
	EA	A	-0.05%
	EXPE	B	-0.05%
	STZ	D	-0.05%
	SWK	D	-0.05%
	ZBH	C	-0.05%
	BAX	F	-0.05%
	ROP	B	-0.05%
	GEN	B	-0.05%
	WRB	A	-0.05%
	MNST	C	-0.05%
	HSY	F	-0.05%
	DGX	A	-0.05%
	AWK	C	-0.05%
	AMCR	C	-0.05%
	J	D	-0.04%
	DOV	A	-0.04%
	BRO	B	-0.04%
	NOG	B	-0.04%
	TXT	D	-0.04%
	EW	C	-0.04%
	NTAP	C	-0.04%
	EXPD	C	-0.04%
	DLTR	F	-0.04%
	MOH	F	-0.04%
	AME	A	-0.04%
	SWKS	F	-0.04%
	HST	C	-0.04%
	SNA	A	-0.04%
	TKO	A	-0.04%
	CEG	C	-0.04%
	MKC	C	-0.04%
	WSO	A	-0.04%
	HWM	A	-0.04%
	MCHP	F	-0.04%
	PWR	A	-0.04%
	ROK	C	-0.04%
	FAST	B	-0.04%
	BALL	F	-0.04%
	MAA	B	-0.04%
	CIVI	D	-0.04%
	CTAS	B	-0.04%
	INVH	D	-0.04%
	DLR	B	-0.04%
	MCO	B	-0.04%
	ON	D	-0.04%
	CPB	D	-0.04%
	LNT	A	-0.04%
	ROIV	C	-0.04%
	CPAY	A	-0.04%
	CMG	B	-0.04%
	IQV	F	-0.04%
	ESS	B	-0.04%
	IRM	C	-0.04%
	WDC	D	-0.04%
	ECL	D	-0.04%
	STX	C	-0.04%
	ZTS	D	-0.04%
	SNPS	B	-0.04%
	EXR	C	-0.04%
	DRI	B	-0.04%
	WAB	B	-0.04%
	KLAC	F	-0.04%
	FTNT	C	-0.04%
	MSI	B	-0.04%
	CLH	C	-0.03%
	INCY	C	-0.03%
	DAR	C	-0.03%
	MAS	D	-0.03%
	BURL	B	-0.03%
	MTDR	B	-0.03%
	ILMN	C	-0.03%
	FSLR	F	-0.03%
	ULTA	F	-0.03%
	AKAM	D	-0.03%
	COKE	C	-0.03%
	GEHC	D	-0.03%
	CEIX	A	-0.03%
	CDW	F	-0.03%
	UDR	B	-0.03%
	CBOE	C	-0.03%
	ODFL	C	-0.03%
	IT	C	-0.03%
	CHD	A	-0.03%
	NWSA	A	-0.03%
	MLM	C	-0.03%
	GDDY	A	-0.03%
	EL	F	-0.03%
	CLX	A	-0.03%
	CALM	A	-0.03%
	FTV	C	-0.03%
	LULU	C	-0.03%
	VMC	B	-0.03%
	YUM	D	-0.03%
	A	D	-0.03%
	JBHT	C	-0.03%
	KEYS	A	-0.03%
	TDY	B	-0.03%
	CASY	A	-0.03%
	TSCO	D	-0.03%
	ADSK	A	-0.03%
	CPRT	B	-0.03%
	OTIS	C	-0.03%
	GMED	A	-0.02%
	MGY	A	-0.02%
	ADNT	F	-0.02%
	MRNA	F	-0.02%
	ERIE	D	-0.02%
	ATI	C	-0.02%
	VLTO	C	-0.02%
	ELS	C	-0.02%
	LITE	B	-0.02%
	FICO	B	-0.02%
	TXRH	B	-0.02%
	EFX	F	-0.02%
	KRG	B	-0.02%
	WFRD	D	-0.02%
	NDSN	B	-0.02%
	WWD	C	-0.02%
	MTD	F	-0.02%
	LII	A	-0.02%
	SBAC	D	-0.02%
	AXON	A	-0.02%
	LNW	F	-0.02%
	PTC	B	-0.02%
	WYNN	C	-0.02%
	WAT	C	-0.02%
	BANC	B	-0.02%
	IDXX	F	-0.02%
	TYL	B	-0.02%
	GXO	B	-0.02%
	TTWO	A	-0.02%
	HLT	A	-0.02%
	CIEN	C	-0.02%
	AVY	F	-0.02%
	RVTY	F	-0.02%
	CW	C	-0.02%
	H	B	-0.02%
	STE	D	-0.02%
	VRSN	C	-0.02%
	GNRC	C	-0.02%
	ALGN	D	-0.02%
	DECK	A	-0.02%
	TRMB	B	-0.02%
	IR	B	-0.02%
	CRS	B	-0.02%
	CUBE	C	-0.02%
	ALV	C	-0.02%
	BR	A	-0.02%
	NOV	C	-0.02%
	CSGP	D	-0.02%
	TDG	D	-0.02%
	HOLX	D	-0.02%
	ENVA	B	-0.02%
	ZBRA	B	-0.02%
	SNEX	B	-0.02%
	XYL	D	-0.02%
	RMD	C	-0.02%
	ANSS	B	-0.02%
	CE	F	-0.02%
	SKX	D	-0.02%
	CZR	F	-0.02%
	CDNS	B	-0.02%
	AMH	C	-0.02%
	GDOT	D	-0.01%
	RES	D	-0.01%
	TRST	B	-0.01%
	CHE	D	-0.01%
	HFWA	C	-0.01%
	MSGS	A	-0.01%
	TFIN	B	-0.01%
	FBNC	B	-0.01%
	AEIS	C	-0.01%
	OLED	F	-0.01%
	SMCI	F	-0.01%
	MCRI	A	-0.01%
	PFBC	B	-0.01%
	UCTT	D	-0.01%
	EZPW	B	-0.01%
	CHEF	A	-0.01%
	RGEN	D	-0.01%
	EFC	C	-0.01%
	PAYO	A	-0.01%
	PRDO	B	-0.01%
	POWL	C	-0.01%
	ONTO	F	-0.01%
	VIR	D	-0.01%
	SHAK	C	-0.01%
	UFCS	A	-0.01%
	CVLT	B	-0.01%
	CWT	C	-0.01%
	HLX	B	-0.01%
	MRCY	C	-0.01%
	MP	C	-0.01%
	CENX	B	-0.01%
	HALO	F	-0.01%
	MEDP	D	-0.01%
	HAE	C	-0.01%
	CUBI	B	-0.01%
	FIZZ	C	-0.01%
	PLAB	C	-0.01%
	HWKN	B	-0.01%
	FSS	B	-0.01%
	HAFC	B	-0.01%
	CHH	A	-0.01%
	PLUS	F	-0.01%
	RCM	A	-0.01%
	WST	C	-0.01%
	JJSF	C	-0.01%
	SMPL	B	-0.01%
	HXL	F	-0.01%
	JBT	B	-0.01%
	MCW	C	-0.01%
	CPK	A	-0.01%
	RDNT	B	-0.01%
	CGNX	D	-0.01%
	YELP	C	-0.01%
	TPX	B	-0.01%
	NOVT	D	-0.01%
	SPTN	D	-0.01%
	MMSI	A	-0.01%
	IBP	D	-0.01%
	SBCF	B	-0.01%
	ASIX	B	-0.01%
	FCPT	C	-0.01%
	BRKR	D	-0.01%
	AHCO	F	-0.01%
	EXP	B	-0.01%
	LNTH	D	-0.01%
	ENPH	F	-0.01%
	SCVL	F	-0.01%
	MORN	B	-0.01%
	CORT	B	-0.01%
	TREX	C	-0.01%
	LANC	C	-0.01%
	ALKS	C	-0.01%
	NBR	C	-0.01%
	FELE	B	-0.01%
	MYRG	B	-0.01%
	AWI	A	-0.01%
	HQY	A	-0.01%
	BOOT	C	-0.01%
	KLIC	B	-0.01%
	OPCH	D	-0.01%
	STC	B	-0.01%
	PCTY	C	-0.01%
	MC	C	-0.01%
	OII	B	-0.01%
	VTLE	C	-0.01%
	LGIH	F	-0.01%
	TBBK	B	-0.01%
	ALGT	B	-0.01%
	FND	D	-0.01%
	DIOD	D	-0.01%
	PAYC	B	-0.01%
	CVCO	A	-0.01%
	CPF	B	-0.01%
	CASH	B	-0.01%
	LPG	F	-0.01%
	CARG	B	-0.01%
	BRBR	A	-0.01%
	ETSY	D	-0.01%
	BCPC	B	-0.01%
	AVAV	C	-0.01%
	WMS	F	-0.01%
	RUN	F	-0.01%
	MPWR	F	-0.01%
	SSD	F	-0.01%
	NBIX	C	-0.01%
	ALGM	D	-0.01%
	EXLS	B	-0.01%
	PJT	A	-0.01%
	EXPI	D	-0.01%
	SHC	F	-0.01%
	MTSI	B	-0.01%
	FTDR	B	-0.01%
	DORM	B	-0.01%
	MASI	B	-0.01%
	ORA	B	-0.01%
	DAY	B	-0.01%
	WGO	C	-0.01%
	PARR	F	-0.01%
	GTLS	A	-0.01%
	CCS	D	-0.01%
	DLB	B	-0.01%
	CHX	C	-0.01%
	CNXN	C	-0.01%
	NMIH	C	-0.01%
	IRT	A	-0.01%
	ENSG	C	-0.01%
	SXC	A	-0.01%
	VAL	F	-0.01%
	FBK	C	-0.01%
	DXCM	C	-0.01%
	KLG	B	-0.01%
	PATK	C	-0.01%
	DOCS	C	-0.01%
	NEU	D	-0.01%
	CNM	D	-0.01%
	ROL	B	-0.01%
	NSA	C	-0.01%
	SBSI	C	-0.01%
	PODD	C	-0.01%
	HGV	C	-0.01%
	BWXT	B	-0.01%
	NWS	A	-0.01%
	DCOM	B	-0.01%
	DPZ	C	-0.01%
	OLLI	D	-0.01%
	POOL	C	-0.01%
	RH	C	-0.01%
	PSTG	D	-0.01%
	CTRE	C	-0.01%
	RC	D	-0.01%
	DEA	D	-0.01%
	LOPE	C	-0.01%
	MKTX	D	-0.01%
	TTC	C	-0.01%
	KW	C	-0.01%
	FN	C	-0.01%
	FIX	A	-0.01%
	GRBK	D	-0.01%
	SAIA	B	-0.01%
	ITRI	C	-0.01%
	RBC	A	-0.01%
	CRK	B	-0.01%
	IIPR	D	-0.01%
	WEX	D	-0.01%
	DT	D	-0.01%
	LSTR	D	-0.01%
	LFUS	D	-0.01%
	CRL	D	-0.01%
	SABR	C	-0.01%
	IDCC	B	-0.01%
	GGG	B	-0.01%
	CROX	D	-0.01%
	WH	B	-0.01%
	CCOI	B	-0.01%
	LECO	C	-0.01%
	EPRT	B	-0.01%
	LBRT	D	-0.01%
	ACIW	B	-0.01%
	VRSK	A	-0.01%
	GNTX	C	-0.01%
	MTCH	D	-0.01%
	JKHY	D	-0.01%
	CHDN	B	-0.01%
	PEB	D	-0.01%
	LW	C	-0.01%
	MSCI	C	-0.01%
	CTLT	C	-0.01%
	FDS	B	-0.01%
	AMR	C	-0.01%
	MMS	F	-0.01%
	TALO	C	-0.01%
	EEFT	B	-0.01%
	TER	F	-0.01%
	REXR	F	-0.01%
	AOS	F	-0.01%
	BLD	D	-0.01%
	RGLD	C	-0.01%
	DBX	B	-0.01%
	SLVM	B	-0.01%
	HLI	A	-0.01%
	MTN	C	-0.01%
	VBTX	B	-0.01%
	EXEL	B	-0.01%
	AORT	B	-0.0%
	NPK	B	-0.0%
	WOLF	F	-0.0%
	XPEL	B	-0.0%
	NARI	C	-0.0%
	AGYS	A	-0.0%
	VCEL	B	-0.0%
	PGNY	F	-0.0%
	GOGO	C	-0.0%
	MSEX	C	-0.0%
	STAA	F	-0.0%
	TNDM	D	-0.0%
	CELH	F	-0.0%
	RGNX	D	-0.0%
	CERT	F	-0.0%
	ARWR	D	-0.0%
	SEDG	F	-0.0%
	COHU	C	-0.0%
	TTGT	B	-0.0%
	ELF	C	-0.0%
	CRSR	C	-0.0%
	HCI	C	-0.0%
	JBSS	F	-0.0%
	BMI	B	-0.0%
	MYE	F	-0.0%
	SNCY	C	-0.0%
	LQDT	B	-0.0%
	ICHR	C	-0.0%
	CEVA	B	-0.0%
	SITM	B	-0.0%
	NXRT	B	-0.0%
	AAON	B	-0.0%
	GKOS	B	-0.0%
	SHEN	F	-0.0%
	COLL	F	-0.0%
	GPRE	F	-0.0%
	CYTK	F	-0.0%
	DGII	C	-0.0%
	IIIN	C	-0.0%
	SLAB	F	-0.0%
	AHH	D	-0.0%
	MGPI	F	-0.0%
	THRY	D	-0.0%
	WING	D	-0.0%
	DV	C	-0.0%
	IRWD	F	-0.0%
	VECO	F	-0.0%
	CTS	C	-0.0%
	EPAC	C	-0.0%
	WSR	A	-0.0%
	CPRX	C	-0.0%
	HRMY	D	-0.0%
	TRUP	B	-0.0%
	THRM	F	-0.0%
	TNC	D	-0.0%
	PEN	B	-0.0%
	VICR	C	-0.0%
	SPSC	D	-0.0%
	YETI	D	-0.0%
	XNCR	B	-0.0%
	LNN	B	-0.0%
	MTUS	C	-0.0%
	PRVA	C	-0.0%
	POWI	F	-0.0%
	SONO	C	-0.0%
	VVI	C	-0.0%
	HSII	B	-0.0%
	IRDM	D	-0.0%
	KNSL	B	-0.0%
	SJW	F	-0.0%
	EXTR	C	-0.0%
	AMPH	F	-0.0%
	CALX	D	-0.0%
	ALG	B	-0.0%
	ASTH	F	-0.0%
	UFPT	C	-0.0%
	FLGT	F	-0.0%
	ACLS	F	-0.0%
	WDFC	B	-0.0%
	DFIN	D	-0.0%
	GDEN	B	-0.0%
	ALRM	C	-0.0%
	AOSL	C	-0.0%
	CNMD	C	-0.0%
	JOE	F	-0.0%
	LIVN	F	-0.0%
	RCUS	F	-0.0%
	NVEE	F	-0.0%
	QLYS	B	-0.0%
	LSCC	D	-0.0%
	USPH	B	-0.0%
	REX	D	-0.0%
	UHT	D	-0.0%
	EXPO	D	-0.0%
	SMP	C	-0.0%
	HLIT	D	-0.0%
	BSIG	A	-0.0%
	FOXF	F	-0.0%
	RAMP	B	-0.0%
	AMSF	B	-0.0%
	HZO	F	-0.0%
	ETD	C	-0.0%
	MRTN	D	-0.0%
	HAYN	A	-0.0%
	MANH	D	-0.0%
	TWI	F	-0.0%
	VRRM	F	-0.0%
	CNSL	C	-0.0%
	PLMR	A	-0.0%
	NEO	C	-0.0%
	DVAX	C	-0.0%
	NEOG	F	-0.0%
	TRIP	F	-0.0%
	ENV	B	-0.0%
	ROG	D	-0.0%
	BOX	B	-0.0%
	ZI	D	-0.0%
	TECH	F	-0.0%
	RMBS	B	-0.0%
	SMTC	B	-0.0%
	CRVL	B	-0.0%
	ADUS	D	-0.0%
	FIVE	F	-0.0%
	LKFN	C	-0.0%
	DXPE	C	-0.0%
	VTOL	B	-0.0%
	UTL	B	-0.0%
	TR	B	-0.0%
	PLAY	D	-0.0%
	PLNT	A	-0.0%
	SAM	C	-0.0%
	IPAR	B	-0.0%
	QNST	B	-0.0%
	PAHC	C	-0.0%
	ROCK	C	-0.0%
	FORM	D	-0.0%

VBR: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials REIT - Diversified Asset Management REIT - Retail Specialty Chemicals Information Technology Services Apparel Manufacturing REIT - Office Software - Application Biotechnology Specialty Retail Building Materials Oil & Gas E&P Packaging & Containers Packaged Foods Rental & Leasing Services Auto & Truck Dealerships Business Services Engineering & Construction

Keywords: Bank Banking Real Estate Investment Trust S&P 500 Deposit Products Chemical Insurance Mining Natural Gas Real Estate Loans Aerospace Commercial Banking Transport Clothing Telecommunications Construction Electronics Commercial Bank Computing Mortgage Loan

VLU: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Semiconductors Oil & Gas E&P Biotechnology Business Services Packaged Foods Specialty Chemicals REIT - Diversified Asset Management Specialty Retail Diagnostics & Research Utilities - Regulated Electric Insurance - Property & Casualty REIT - Retail Building Materials Restaurants Aerospace & Defense Capital Markets

Keywords: S&P 500 Bank Nasdaq 100 Banking Natural Gas Real Estate Investment Trust Insurance Chemical Computing Aerospace Electronics Mining Medicine Semiconductor Electricity Deposit Products Telecommunications Transport Commercial Banking Clothing