VFVA vs. VBR ETF Comparison

Comparison of Vanguard Wellington Fund ETF (VFVA) to Vanguard Small-Cap Value ETF - DNQ (VBR)

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$124.97

Average Daily Volume

12,752

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

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

Performance

Period	VFVA	VBR
30 Days	1.64%	1.03%
60 Days	6.17%	5.45%
90 Days	10.21%	8.32%
12 Months	27.03%	30.83%

316 Overlapping Holdings

Symbol	Grade	Weight in VFVA	Weight in VBR	Overlap
ABCB	A	0.16%	0.12%	0.12%
ABG	A	0.15%	0.14%	0.14%
ACT	C	0.03%	0.03%	0.03%
AEO	F	0.18%	0.11%	0.11%
AGCO	D	0.18%	0.18%	0.18%
AL	A	0.41%	0.13%	0.13%
ALIT	C	0.14%	0.09%	0.09%
ALK	A	0.23%	0.16%	0.16%
ALLY	C	0.25%	0.28%	0.25%
ALSN	B	0.16%	0.24%	0.16%
AMBC	C	0.03%	0.01%	0.01%
AMG	A	0.21%	0.15%	0.15%
AMKR	F	0.07%	0.1%	0.07%
AMRX	C	0.02%	0.03%	0.02%
AMWD	B	0.06%	0.02%	0.02%
ANDE	C	0.12%	0.05%	0.05%
APA	F	0.22%	0.26%	0.22%
AR	B	0.13%	0.12%	0.12%
ARCB	C	0.08%	0.07%	0.07%
ARW	D	0.43%	0.2%	0.2%
ASB	A	0.13%	0.09%	0.09%
ASGN	D	0.05%	0.11%	0.05%
ASO	F	0.21%	0.12%	0.12%
ATGE	B	0.11%	0.08%	0.08%
ATKR	C	0.26%	0.09%	0.09%
ATSG	A	0.17%	0.03%	0.03%
AUB	A	0.09%	0.1%	0.09%
AVT	C	0.25%	0.14%	0.14%
AX	A	0.07%	0.1%	0.07%
AXL	C	0.16%	0.02%	0.02%
AXS	A	0.26%	0.17%	0.17%
BANR	A	0.09%	0.06%	0.06%
BBWI	C	0.18%	0.2%	0.18%
BC	D	0.18%	0.16%	0.16%
BCC	B	0.07%	0.16%	0.07%
BEN	C	0.05%	0.09%	0.05%
BERY	D	0.38%	0.21%	0.21%
BFH	A	0.17%	0.07%	0.07%
BG	D	0.27%	0.39%	0.27%
BGS	F	0.13%	0.02%	0.02%
BHE	B	0.02%	0.04%	0.02%
BHF	A	0.22%	0.08%	0.08%
BHLB	A	0.08%	0.03%	0.03%
BKU	A	0.15%	0.08%	0.08%
BLDR	D	0.08%	0.65%	0.08%
BLMN	F	0.04%	0.04%	0.04%
BMBL	C	0.19%	0.02%	0.02%
BOKF	A	0.08%	0.07%	0.07%
BPOP	C	0.06%	0.21%	0.06%
BRKL	A	0.02%	0.02%	0.02%
BTU	B	0.17%	0.09%	0.09%
BV	C	0.1%	0.03%	0.03%
BWA	A	0.25%	0.24%	0.24%
BYD	A	0.18%	0.06%	0.06%
CADE	A	0.16%	0.17%	0.16%
CAL	D	0.06%	0.02%	0.02%
CATY	A	0.09%	0.08%	0.08%
CC	C	0.02%	0.09%	0.02%
CFFN	A	0.04%	0.02%	0.02%
CG	B	0.03%	0.29%	0.03%
CHRD	F	0.18%	0.23%	0.18%
CLF	F	0.21%	0.17%	0.17%
CMA	A	0.15%	0.23%	0.15%
CMC	B	0.19%	0.18%	0.18%
CMPR	F	0.02%	0.02%	0.02%
CNDT	B	0.03%	0.01%	0.01%
CNO	A	0.04%	0.1%	0.04%
CNXC	F	0.06%	0.08%	0.06%
COHR	B	0.07%	0.2%	0.07%
COLB	A	0.34%	0.16%	0.16%
COOP	B	0.13%	0.16%	0.13%
CRC	B	0.15%	0.12%	0.12%
CRGY	A	0.16%	0.05%	0.05%
CWK	B	0.08%	0.09%	0.08%
CXW	B	0.07%	0.04%	0.04%
DAN	F	0.17%	0.04%	0.04%
DIN	C	0.15%	0.01%	0.01%
DINO	D	0.16%	0.21%	0.16%
DLX	A	0.14%	0.02%	0.02%
DNB	B	0.09%	0.11%	0.09%
DNOW	A	0.09%	0.04%	0.04%
DTM	A	0.17%	0.22%	0.17%
DXC	C	0.23%	0.11%	0.11%
EAT	A	0.08%	0.09%	0.08%
EBC	A	0.07%	0.09%	0.07%
ECVT	C	0.14%	0.02%	0.02%
EGBN	A	0.1%	0.01%	0.01%
EIG	A	0.02%	0.03%	0.02%
ELAN	C	0.14%	0.21%	0.14%
EMBC	C	0.07%	0.02%	0.02%
EMN	C	0.09%	0.38%	0.09%
ENS	D	0.12%	0.12%	0.12%
EPC	F	0.02%	0.05%	0.02%
EQH	B	0.07%	0.39%	0.07%
ESI	B	0.03%	0.17%	0.03%
ESNT	D	0.45%	0.19%	0.19%
ETWO	F	0.04%	0.03%	0.03%
EWBC	A	0.08%	0.33%	0.08%
EYE	C	0.11%	0.02%	0.02%
FAF	C	0.08%	0.19%	0.08%
FCF	A	0.12%	0.05%	0.05%
FCNCA	A	0.12%	0.57%	0.12%
FDP	A	0.11%	0.03%	0.03%
FFBC	A	0.2%	0.07%	0.07%
FHN	A	0.1%	0.24%	0.1%
FIBK	A	0.07%	0.07%	0.07%
FL	F	0.09%	0.07%	0.07%
FMC	F	0.05%	0.24%	0.05%
FNB	A	0.19%	0.15%	0.15%
FOR	F	0.03%	0.02%	0.02%
FRME	A	0.05%	0.06%	0.05%
FULT	A	0.1%	0.09%	0.09%
FWRD	D	0.06%	0.01%	0.01%
GAP	C	0.1%	0.15%	0.1%
GATX	A	0.05%	0.14%	0.05%
GBX	A	0.16%	0.04%	0.04%
GEF	A	0.05%	0.04%	0.04%
GEF	A	0.05%	0.0%	0.0%
GEO	A	0.04%	0.05%	0.04%
GHC	A	0.05%	0.08%	0.05%
GIII	D	0.17%	0.03%	0.03%
GL	B	0.08%	0.27%	0.08%
GNW	A	0.12%	0.09%	0.09%
GO	C	0.02%	0.04%	0.02%
GPI	A	0.06%	0.14%	0.06%
GPK	D	0.06%	0.26%	0.06%
GT	C	0.34%	0.07%	0.07%
GTES	B	0.3%	0.12%	0.12%
HAIN	F	0.18%	0.02%	0.02%
HBI	A	0.09%	0.07%	0.07%
HCC	B	0.19%	0.1%	0.1%
HEES	B	0.08%	0.04%	0.04%
HELE	C	0.18%	0.04%	0.04%
HI	C	0.07%	0.06%	0.06%
HII	F	0.11%	0.3%	0.11%
HLF	C	0.07%	0.02%	0.02%
HOG	D	0.18%	0.13%	0.13%
HOMB	A	0.02%	0.14%	0.02%
HOPE	A	0.1%	0.04%	0.04%
HRB	D	0.13%	0.26%	0.13%
HUBG	A	0.04%	0.08%	0.04%
HWC	A	0.19%	0.13%	0.13%
HY	F	0.03%	0.02%	0.02%
IART	C	0.11%	0.03%	0.03%
INDB	A	0.07%	0.07%	0.07%
INGR	B	0.17%	0.26%	0.17%
INSW	F	0.24%	0.04%	0.04%
IVZ	B	0.19%	0.22%	0.19%
JAZZ	A	0.17%	0.19%	0.17%
JBL	C	0.03%	0.37%	0.03%
JEF	A	0.17%	0.26%	0.17%
JELD	F	0.13%	0.04%	0.04%
JHG	A	0.07%	0.14%	0.07%
JLL	C	0.12%	0.37%	0.12%
JXN	B	0.15%	0.2%	0.15%
KALU	C	0.04%	0.03%	0.03%
KBH	D	0.21%	0.16%	0.16%
KELYA	F	0.06%	0.02%	0.02%
KFY	B	0.07%	0.11%	0.07%
KNX	B	0.19%	0.24%	0.19%
KOP	C	0.16%	0.02%	0.02%
LC	B	0.03%	0.03%	0.03%
LEA	F	0.17%	0.18%	0.17%
LEG	F	0.22%	0.05%	0.05%
LKQ	D	0.16%	0.3%	0.16%
LNC	A	0.32%	0.15%	0.15%
LZB	A	0.14%	0.05%	0.05%
M	C	0.22%	0.12%	0.12%
MAN	F	0.12%	0.1%	0.1%
MAT	C	0.09%	0.19%	0.09%
MATV	F	0.11%	0.03%	0.03%
MATW	C	0.05%	0.02%	0.02%
MATX	B	0.21%	0.14%	0.14%
MD	B	0.17%	0.03%	0.03%
MDU	D	0.18%	0.15%	0.15%
MHK	D	0.28%	0.25%	0.25%
MHO	D	0.19%	0.06%	0.06%
MLI	B	0.22%	0.24%	0.22%
MLKN	F	0.07%	0.05%	0.05%
MODG	F	0.09%	0.02%	0.02%
MOS	D	0.23%	0.25%	0.23%
MRC	B	0.04%	0.03%	0.03%
MTG	C	0.28%	0.19%	0.19%
MTH	D	0.05%	0.21%	0.05%
MUR	F	0.29%	0.14%	0.14%
NAVI	D	0.13%	0.03%	0.03%
NBHC	A	0.03%	0.05%	0.03%
NBTB	A	0.08%	0.06%	0.06%
NCLH	B	0.04%	0.13%	0.04%
NMRK	B	0.16%	0.06%	0.06%
NNI	C	0.06%	0.04%	0.04%
NTCT	B	0.08%	0.04%	0.04%
NUS	C	0.15%	0.01%	0.01%
NVST	C	0.09%	0.1%	0.09%
NWBI	A	0.05%	0.05%	0.05%
NWL	B	0.13%	0.09%	0.09%
NX	C	0.09%	0.04%	0.04%
NXST	D	0.05%	0.15%	0.05%
OC	A	0.07%	0.44%	0.07%
ODP	F	0.18%	0.03%	0.03%
OFG	B	0.05%	0.06%	0.05%
OGN	F	0.15%	0.14%	0.14%
OI	C	0.27%	0.06%	0.06%
OLN	F	0.14%	0.16%	0.14%
OLPX	D	0.03%	0.01%	0.01%
OMCL	C	0.11%	0.06%	0.06%
OMF	A	0.07%	0.16%	0.07%
OMI	F	0.16%	0.03%	0.03%
ONB	B	0.21%	0.17%	0.17%
ORI	A	0.13%	0.24%	0.13%
OVV	C	0.26%	0.29%	0.26%
OZK	A	0.12%	0.13%	0.12%
PBF	D	0.18%	0.08%	0.08%
PBI	C	0.07%	0.04%	0.04%
PCRX	C	0.19%	0.02%	0.02%
PENN	B	0.06%	0.08%	0.06%
PFS	A	0.06%	0.07%	0.06%
PFSI	D	0.05%	0.08%	0.05%
PHIN	A	0.1%	0.06%	0.06%
PII	F	0.08%	0.13%	0.08%
PINC	B	0.02%	0.06%	0.02%
PNFP	A	0.11%	0.1%	0.1%
PPBI	A	0.11%	0.07%	0.07%
PPC	B	0.04%	0.05%	0.04%
PR	C	0.17%	0.12%	0.12%
PRA	A	0.02%	0.02%	0.02%
PRGO	C	0.24%	0.1%	0.1%
PRLB	B	0.05%	0.02%	0.02%
PTEN	D	0.21%	0.09%	0.09%
PTVE	C	0.03%	0.01%	0.01%
PUMP	F	0.19%	0.02%	0.02%
PVH	C	0.21%	0.16%	0.16%
QRVO	F	0.12%	0.28%	0.12%
R	A	0.41%	0.17%	0.17%
RDN	C	0.28%	0.15%	0.15%
REVG	A	0.07%	0.04%	0.04%
REZI	A	0.14%	0.08%	0.08%
RGA	A	0.04%	0.41%	0.04%
RNG	B	0.17%	0.07%	0.07%
RNR	D	0.2%	0.41%	0.2%
RNST	A	0.1%	0.06%	0.06%
RRC	B	0.1%	0.2%	0.1%
RRX	B	0.12%	0.32%	0.12%
RS	B	0.02%	0.46%	0.02%
RUSHA	B	0.06%	0.1%	0.06%
SAIC	D	0.1%	0.21%	0.1%
SANM	B	0.07%	0.1%	0.07%
SATS	D	0.09%	0.09%	0.09%
SBH	A	0.16%	0.04%	0.04%
SCHL	F	0.09%	0.02%	0.02%
SCSC	B	0.11%	0.03%	0.03%
SEB	F	0.16%	0.02%	0.02%
SF	A	0.14%	0.26%	0.14%
SIRI	C	0.2%	0.15%	0.15%
SJM	F	0.15%	0.35%	0.15%
SKYW	A	0.11%	0.09%	0.09%
SLM	A	0.03%	0.14%	0.03%
SM	C	0.22%	0.07%	0.07%
SNDR	B	0.15%	0.03%	0.03%
SNV	A	0.2%	0.18%	0.18%
SNX	D	0.24%	0.22%	0.22%
SON	D	0.21%	0.15%	0.15%
SSB	A	0.08%	0.21%	0.08%
ST	F	0.15%	0.16%	0.15%
STBA	A	0.26%	0.04%	0.04%
STLD	B	0.13%	0.27%	0.13%
SWI	B	0.03%	0.02%	0.02%
TAP	A	0.16%	0.29%	0.16%
TDS	B	0.12%	0.06%	0.06%
TEX	D	0.21%	0.1%	0.1%
TGNA	B	0.2%	0.08%	0.08%
THG	A	0.04%	0.14%	0.04%
TKR	F	0.09%	0.15%	0.09%
TMHC	B	0.06%	0.2%	0.06%
TNL	A	0.21%	0.09%	0.09%
TOL	B	0.16%	0.46%	0.16%
TOWN	A	0.05%	0.06%	0.05%
TPH	D	0.21%	0.12%	0.12%
TPR	A	0.04%	0.31%	0.04%
TRMK	A	0.07%	0.05%	0.05%
TROX	F	0.2%	0.05%	0.05%
TTMI	B	0.25%	0.05%	0.05%
UA	B	0.04%	0.03%	0.03%
UCB	A	0.02%	0.1%	0.02%
UFPI	C	0.11%	0.22%	0.11%
UHAL	D	0.22%	0.02%	0.02%
UHAL	D	0.22%	0.2%	0.2%
UHS	D	0.16%	0.37%	0.16%
UNFI	A	0.12%	0.03%	0.03%
UNM	A	0.6%	0.25%	0.25%
UPBD	B	0.07%	0.05%	0.05%
URBN	C	0.07%	0.08%	0.07%
UTHR	B	0.15%	0.46%	0.15%
VAC	B	0.09%	0.07%	0.07%
VLY	A	0.09%	0.11%	0.09%
VREX	C	0.07%	0.01%	0.01%
VRNT	D	0.04%	0.05%	0.04%
VSCO	A	0.06%	0.06%	0.06%
VSH	F	0.07%	0.07%	0.07%
VYX	C	0.02%	0.06%	0.02%
WAFD	A	0.21%	0.08%	0.08%
WAL	A	0.18%	0.26%	0.18%
WBS	A	0.22%	0.23%	0.22%
WCC	A	0.2%	0.24%	0.2%
WERN	B	0.03%	0.07%	0.03%
WHR	A	0.21%	0.17%	0.17%
WKC	C	0.16%	0.05%	0.05%
WMK	B	0.03%	0.03%	0.03%
WNC	C	0.04%	0.02%	0.02%
WRLD	D	0.02%	0.01%	0.01%
WSBC	A	0.08%	0.05%	0.05%
WWW	A	0.15%	0.04%	0.04%
XRAY	F	0.06%	0.16%	0.06%
XRX	F	0.05%	0.03%	0.03%
ZD	B	0.17%	0.06%	0.06%
ZION	A	0.16%	0.2%	0.16%

VFVA Overweight 299 Positions Relative to VBR

Symbol	Grade	Weight
T	A	1.01%
MO	A	1.0%
FDX	A	0.89%
GM	A	0.87%
XOM	B	0.86%
VZ	C	0.8%
BAC	A	0.76%
HCA	D	0.76%
EOG	A	0.75%
CVS	F	0.74%
TFC	A	0.73%
C	A	0.72%
USB	B	0.71%
PSX	C	0.71%
CVX	A	0.7%
SLB	C	0.69%
CMCSA	B	0.68%
F	C	0.68%
VLO	C	0.66%
INTC	C	0.66%
COF	A	0.66%
CI	D	0.66%
COP	C	0.65%
WFC	A	0.59%
MU	D	0.59%
MPC	D	0.56%
JPM	A	0.54%
FI	A	0.53%
MET	A	0.52%
AIG	B	0.51%
OXY	F	0.5%
BK	A	0.5%
CB	C	0.48%
TRV	A	0.48%
BMY	B	0.46%
GILD	B	0.44%
GS	A	0.44%
FCX	F	0.43%
MDT	D	0.42%
HPQ	B	0.42%
PCAR	B	0.42%
RPRX	F	0.41%
DIS	A	0.4%
NEM	F	0.4%
NUE	D	0.38%
PFE	F	0.36%
WMB	A	0.35%
MCK	A	0.35%
CIVI	F	0.33%
FOX	A	0.33%
SYF	A	0.33%
PNC	A	0.33%
HPE	B	0.32%
MS	A	0.32%
DHI	D	0.31%
CE	F	0.3%
LYB	F	0.3%
FANG	D	0.3%
TMUS	A	0.3%
BDX	F	0.29%
UAL	A	0.29%
PRU	A	0.28%
PRDO	B	0.28%
TGT	D	0.27%
CAH	B	0.26%
GD	D	0.26%
AZO	C	0.26%
VTRS	A	0.25%
PYPL	A	0.24%
CCL	A	0.23%
ADM	D	0.23%
HRI	B	0.22%
FIS	B	0.22%
CNC	F	0.22%
KR	B	0.22%
AMR	C	0.2%
DBX	C	0.2%
ZI	D	0.2%
ACGL	C	0.2%
GPOR	A	0.2%
DAL	A	0.2%
ADNT	F	0.19%
KOS	D	0.19%
NOV	D	0.19%
LEN	D	0.19%
KEY	A	0.19%
LILAK	F	0.19%
CTRA	A	0.19%
STNG	F	0.19%
MTDR	C	0.18%
TNK	F	0.18%
CCS	F	0.18%
IBM	D	0.18%
AHCO	D	0.18%
CF	A	0.18%
MTB	A	0.18%
CCSI	B	0.18%
JNJ	D	0.18%
DOW	F	0.18%
ALL	A	0.17%
DAR	B	0.17%
EFSC	A	0.17%
EG	D	0.17%
GTN	F	0.17%
IMKTA	C	0.17%
EQT	A	0.17%
SLVM	B	0.16%
PARR	D	0.16%
ASIX	B	0.16%
GNK	C	0.16%
COMM	D	0.16%
OCFC	A	0.16%
BXC	B	0.16%
CNH	D	0.16%
CAG	F	0.16%
DE	D	0.15%
GLNG	C	0.15%
MBUU	C	0.15%
MCB	A	0.15%
TWI	F	0.15%
SPTN	F	0.15%
CEIX	A	0.14%
CSCO	B	0.14%
NWSA	B	0.14%
IRWD	D	0.14%
TPC	C	0.14%
RTX	D	0.14%
SNCY	B	0.14%
RMAX	D	0.14%
FNF	C	0.14%
PLTK	A	0.14%
EMR	A	0.14%
ASC	F	0.14%
BRY	F	0.14%
APTV	F	0.14%
TDOC	C	0.13%
LPG	F	0.13%
CFG	A	0.13%
BELFB	C	0.13%
VBTX	A	0.13%
PM	A	0.13%
GOGL	C	0.13%
GDOT	C	0.12%
NAT	F	0.12%
HLX	D	0.12%
DCOM	A	0.12%
RPAY	D	0.12%
CMRE	B	0.12%
PLAB	D	0.12%
DOLE	D	0.12%
RYI	B	0.12%
DHT	D	0.12%
BANC	A	0.12%
APPS	F	0.12%
SXC	A	0.12%
STNE	F	0.11%
BUSE	A	0.11%
CLW	F	0.11%
SASR	A	0.11%
KMI	A	0.11%
PEBO	A	0.11%
MTCH	F	0.11%
PHM	D	0.11%
MTUS	F	0.11%
FIVE	F	0.11%
JRVR	F	0.11%
SCHW	A	0.1%
TK	D	0.1%
RF	A	0.1%
GPN	B	0.1%
CSTM	F	0.1%
STC	A	0.1%
LULU	C	0.1%
SD	F	0.1%
KHC	F	0.1%
CUBI	B	0.1%
DLTR	F	0.1%
EGY	F	0.1%
CHGG	D	0.1%
SMP	C	0.09%
GPRE	F	0.09%
TXT	D	0.09%
GCO	B	0.09%
PATK	C	0.09%
FOXF	F	0.09%
UVE	A	0.09%
VTOL	B	0.09%
BZH	B	0.09%
AFL	C	0.09%
HVT	F	0.09%
NTB	B	0.09%
SFL	F	0.08%
RYAM	B	0.08%
SSNC	D	0.08%
RJF	A	0.08%
BOOM	F	0.08%
PLAY	C	0.08%
ACCO	B	0.08%
LEN	D	0.08%
SRCE	A	0.08%
DVN	F	0.08%
SB	F	0.08%
HIG	C	0.07%
WYNN	D	0.07%
OEC	C	0.07%
SNEX	A	0.07%
HAL	C	0.07%
PAGS	F	0.07%
MTW	C	0.07%
TRST	A	0.07%
ELV	F	0.07%
DXPE	A	0.07%
TSN	A	0.07%
CCRN	F	0.07%
MMM	D	0.07%
HAFC	A	0.07%
NIC	A	0.07%
CNA	C	0.07%
NOG	A	0.07%
ZEUS	C	0.07%
QCOM	F	0.07%
NMIH	D	0.07%
BBW	B	0.07%
LBRDA	B	0.06%
ALGT	A	0.06%
LXU	C	0.06%
GOOG	B	0.06%
CROX	F	0.06%
UIS	B	0.06%
PFG	C	0.06%
DENN	C	0.06%
OIS	B	0.06%
TCBK	A	0.06%
BUR	D	0.06%
SSP	F	0.06%
REPX	A	0.06%
ENVA	A	0.05%
EBAY	D	0.05%
BW	C	0.05%
GRBK	D	0.05%
HFWA	A	0.05%
REX	C	0.05%
LILA	F	0.05%
WBD	B	0.05%
RGP	F	0.05%
CNOB	A	0.05%
TTEC	F	0.05%
LBRT	F	0.05%
TWLO	A	0.05%
APO	A	0.05%
HZO	F	0.04%
GLDD	B	0.04%
WTTR	A	0.04%
HNRG	A	0.04%
MKL	A	0.04%
AMPY	D	0.04%
XPOF	B	0.04%
FFWM	B	0.04%
DESP	A	0.04%
MOV	C	0.04%
RDUS	C	0.04%
TALO	C	0.04%
BY	A	0.04%
ANET	C	0.03%
HOV	F	0.03%
IGT	F	0.03%
SCVL	F	0.03%
MBIN	D	0.03%
CMCO	C	0.03%
JILL	C	0.03%
FF	F	0.03%
QCRH	A	0.03%
HRTG	C	0.03%
AMAL	B	0.03%
INMD	C	0.03%
SHLS	F	0.03%
DGX	A	0.03%
USAP	B	0.03%
ZIMV	F	0.03%
DRVN	A	0.03%
IIIN	C	0.03%
TBRG	A	0.02%
NR	D	0.02%
NFBK	A	0.02%
HGV	B	0.02%
KODK	D	0.02%
TITN	C	0.02%
HDSN	F	0.02%
ALKS	B	0.02%
CRBG	B	0.02%
BAND	C	0.02%
TTI	B	0.02%
DG	F	0.02%
IP	A	0.02%
PFBC	A	0.02%
FSLR	F	0.02%
MEI	F	0.02%
STT	A	0.02%
OBK	A	0.02%

VFVA Underweight 481 Positions Relative to VBR

Symbol	Grade	Weight
SW	A	-0.74%
BAH	D	-0.61%
CSL	B	-0.6%
ATO	A	-0.58%
EME	B	-0.58%
NRG	B	-0.54%
PNR	A	-0.47%
IEX	B	-0.47%
THC	C	-0.46%
WSM	F	-0.45%
RPM	A	-0.45%
KIM	A	-0.45%
USFD	B	-0.43%
AES	F	-0.41%
ACM	B	-0.4%
GLPI	D	-0.39%
REG	A	-0.38%
CPT	D	-0.38%
ALLE	D	-0.37%
JNPR	D	-0.37%
FFIV	B	-0.37%
TTEK	D	-0.36%
KMX	B	-0.35%
PFGC	B	-0.35%
ITT	A	-0.35%
CHRW	A	-0.35%
TFX	F	-0.34%
NVT	B	-0.34%
IPG	F	-0.34%
BXP	D	-0.33%
HUBB	B	-0.33%
CCK	D	-0.33%
BJ	B	-0.32%
LDOS	C	-0.32%
SFM	A	-0.32%
FBIN	D	-0.32%
CACI	C	-0.32%
ATR	B	-0.31%
EPAM	B	-0.31%
SCI	B	-0.31%
AIZ	A	-0.3%
OHI	C	-0.3%
AA	A	-0.29%
PNW	A	-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%
Z	A	-0.28%
EVR	A	-0.27%
HSIC	D	-0.27%
WTRG	C	-0.27%
DCI	B	-0.26%
NNN	D	-0.26%
PRI	A	-0.26%
MUSA	A	-0.26%
EGP	D	-0.26%
AIT	A	-0.25%
NYT	D	-0.25%
KBR	D	-0.25%
GME	C	-0.25%
FYBR	C	-0.25%
APG	C	-0.24%
FCN	F	-0.24%
FLR	B	-0.24%
AGNC	C	-0.24%
OGE	A	-0.24%
DKS	D	-0.24%
BRX	A	-0.24%
AYI	A	-0.24%
LAD	A	-0.24%
SWN	C	-0.23%
AXTA	A	-0.23%
DOC	D	-0.23%
SEIC	A	-0.23%
MIDD	D	-0.22%
ADC	A	-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%
ANF	C	-0.21%
X	D	-0.21%
WTFC	A	-0.21%
LUMN	C	-0.21%
MKSI	D	-0.21%
AAL	B	-0.21%
RL	B	-0.21%
FR	D	-0.21%
FLS	A	-0.2%
LPX	A	-0.2%
DVA	C	-0.2%
CBSH	A	-0.2%
G	A	-0.2%
NSIT	F	-0.2%
KEX	A	-0.2%
CFR	A	-0.19%
STWD	D	-0.19%
BIO	C	-0.19%
PB	A	-0.19%
OSK	C	-0.19%
MSA	D	-0.19%
CRUS	F	-0.19%
RHI	B	-0.19%
RLI	A	-0.19%
EVRG	A	-0.19%
ESAB	B	-0.18%
CBT	C	-0.18%
MOG.A	B	-0.17%
VMI	B	-0.17%
LAMR	D	-0.17%
ACI	C	-0.17%
XPO	B	-0.17%
AN	D	-0.17%
VVV	B	-0.16%
IDA	A	-0.16%
AUR	D	-0.16%
NFG	A	-0.16%
THO	B	-0.16%
ALB	C	-0.16%
ACHC	F	-0.16%
PARA	C	-0.16%
SRCL	B	-0.16%
SIGI	A	-0.16%
WTS	A	-0.16%
KNF	B	-0.15%
AM	A	-0.15%
GBCI	A	-0.15%
VNT	C	-0.15%
KD	A	-0.15%
BECN	B	-0.15%
UGI	C	-0.15%
TPG	B	-0.14%
CPRI	F	-0.14%
RIVN	F	-0.14%
PIPR	A	-0.14%
BDC	B	-0.14%
RYN	D	-0.14%
SUM	B	-0.14%
BCO	F	-0.14%
ZWS	B	-0.14%
POR	D	-0.14%
PSN	C	-0.14%
UBSI	A	-0.14%
LYFT	B	-0.13%
UMBF	A	-0.13%
ITGR	B	-0.13%
SBRA	C	-0.13%
SIG	B	-0.13%
FLO	D	-0.13%
NUVL	D	-0.13%
MGM	D	-0.13%
CUZ	B	-0.13%
SWX	A	-0.13%
FFIN	A	-0.13%
SLG	B	-0.13%
KRC	C	-0.13%
KTB	A	-0.13%
AVNT	A	-0.13%
ACA	B	-0.13%
CNX	A	-0.13%
NJR	A	-0.13%
HASI	F	-0.12%
WU	F	-0.12%
ASH	F	-0.12%
WTM	A	-0.12%
SLGN	B	-0.12%
OGS	A	-0.12%
ICUI	D	-0.12%
SEE	B	-0.12%
BKH	A	-0.12%
FUL	F	-0.12%
ESGR	B	-0.11%
NHI	D	-0.11%
SR	A	-0.11%
SMG	D	-0.11%
ALE	A	-0.11%
EPR	D	-0.11%
PLXS	B	-0.11%
KMPR	A	-0.11%
MSM	C	-0.11%
IAC	D	-0.11%
MTZ	B	-0.11%
MDGL	C	-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%
MGEE	A	-0.1%
ABM	B	-0.1%
ESE	A	-0.1%
IBOC	A	-0.1%
SXT	C	-0.1%
NPO	A	-0.1%
CDP	C	-0.1%
GVA	A	-0.1%
FBP	A	-0.1%
NWE	C	-0.1%
MPW	F	-0.1%
HIW	D	-0.1%
PCH	D	-0.1%
GMS	A	-0.1%
BNL	D	-0.1%
PBH	A	-0.1%
SEM	B	-0.1%
SKT	A	-0.1%
WD	D	-0.1%
FHB	A	-0.09%
PRIM	A	-0.09%
NSP	F	-0.09%
UNF	A	-0.09%
WSFS	A	-0.09%
WEN	C	-0.09%
APAM	A	-0.09%
AVA	C	-0.09%
CBU	A	-0.09%
SYNA	C	-0.09%
COMP	B	-0.09%
WBA	F	-0.09%
GFF	A	-0.09%
AWR	A	-0.09%
AMED	F	-0.09%
BRC	C	-0.09%
APLE	B	-0.09%
AROC	A	-0.09%
PAG	A	-0.09%
COTY	F	-0.09%
OTTR	C	-0.09%
BGC	B	-0.09%
POST	D	-0.08%
CXT	D	-0.08%
DY	C	-0.08%
AIN	C	-0.08%
ABR	C	-0.08%
ADTN	A	-0.08%
PK	C	-0.08%
LXP	D	-0.08%
IOSP	C	-0.08%
TRN	A	-0.08%
PRGS	B	-0.08%
WLK	F	-0.08%
TDC	F	-0.08%
DEI	B	-0.08%
JWN	A	-0.08%
FHI	A	-0.08%
ENR	A	-0.07%
PECO	A	-0.07%
HAYW	A	-0.07%
MTRN	C	-0.07%
AAP	D	-0.07%
AZZ	B	-0.07%
CVBF	A	-0.07%
ARCH	B	-0.07%
SMMT	D	-0.07%
ENOV	C	-0.07%
HNI	A	-0.07%
PRK	A	-0.07%
DBRG	D	-0.07%
OSIS	A	-0.07%
AKR	B	-0.07%
CDE	D	-0.07%
MTX	B	-0.07%
BOH	A	-0.07%
VIRT	A	-0.07%
SPB	C	-0.07%
CWEN	D	-0.07%
RNA	C	-0.07%
IOVA	D	-0.07%
SFNC	B	-0.07%
MGRC	B	-0.07%
OUT	C	-0.07%
BXMT	D	-0.07%
UE	B	-0.07%
BANF	A	-0.06%
RXO	C	-0.06%
HURN	B	-0.06%
GNL	D	-0.06%
PRG	A	-0.06%
VSTS	F	-0.06%
THS	F	-0.06%
INFA	F	-0.06%
WLY	B	-0.06%
IPGP	D	-0.06%
SFBS	A	-0.06%
JOBY	B	-0.06%
VGR	B	-0.06%
VIAV	B	-0.06%
KMT	B	-0.06%
CGON	D	-0.06%
LAUR	A	-0.06%
EQC	A	-0.06%
IBTX	A	-0.06%
IVT	B	-0.06%
NATL	B	-0.06%
SHO	D	-0.06%
STRA	C	-0.06%
SXI	A	-0.06%
EVTC	C	-0.06%
ZG	A	-0.06%
BLKB	D	-0.06%
AIR	B	-0.06%
KSS	F	-0.06%
CRI	D	-0.06%
MIR	A	-0.06%
PSMT	D	-0.06%
AZTA	F	-0.06%
CABO	B	-0.05%
HLIO	B	-0.05%
HE	D	-0.05%
LTC	B	-0.05%
CENTA	C	-0.05%
AMN	F	-0.05%
SUPN	B	-0.05%
REYN	D	-0.05%
STEP	A	-0.05%
CHCO	A	-0.05%
DDS	B	-0.05%
NHC	B	-0.05%
SCL	D	-0.05%
NPAB	F	-0.05%
UAA	B	-0.05%
SHOO	D	-0.05%
DRH	B	-0.05%
PDCO	F	-0.05%
LGND	B	-0.05%
MCY	A	-0.05%
LRN	A	-0.05%
PZZA	D	-0.05%
GOLF	A	-0.05%
FTRE	D	-0.05%
KAR	A	-0.05%
B	A	-0.05%
CAKE	A	-0.05%
IMVT	D	-0.05%
ROIC	A	-0.05%
AIV	C	-0.04%
AAT	C	-0.04%
PMT	D	-0.04%
UVV	B	-0.04%
WOR	F	-0.04%
PDM	D	-0.04%
WABC	A	-0.04%
ARI	D	-0.04%
BKD	F	-0.04%
OXM	F	-0.04%
UNIT	B	-0.04%
VC	F	-0.04%
LADR	A	-0.04%
VCTR	B	-0.04%
BKE	A	-0.04%
COLM	B	-0.04%
SPNT	A	-0.04%
HP	C	-0.04%
VSAT	F	-0.04%
CSGS	A	-0.04%
WT	A	-0.04%
RRR	D	-0.04%
ALEX	B	-0.04%
VRE	A	-0.04%
CAR	C	-0.04%
VRTS	A	-0.04%
NGVT	B	-0.04%
CODI	A	-0.04%
HMN	A	-0.04%
ESRT	D	-0.04%
LCII	D	-0.04%
HTH	B	-0.04%
JBGS	D	-0.04%
KN	B	-0.04%
CNK	A	-0.04%
DYN	F	-0.04%
APOG	B	-0.04%
ELME	D	-0.04%
GTY	C	-0.04%
NWN	A	-0.04%
USM	B	-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%
JBLU	C	-0.03%
CWEN	D	-0.03%
TRS	D	-0.03%
CBRL	C	-0.03%
THR	C	-0.03%
FA	D	-0.03%
RWT	D	-0.03%
INVA	C	-0.03%
VSTO	A	-0.03%
LEVI	F	-0.03%
HTLF	A	-0.03%
CARS	B	-0.03%
ECPG	A	-0.03%
FBRT	C	-0.03%
CNNE	B	-0.03%
CSR	A	-0.03%
AVNS	F	-0.03%
WS	B	-0.03%
KFRC	D	-0.03%
KWR	C	-0.03%
SCS	A	-0.03%
DK	D	-0.03%
SAFT	A	-0.03%
MYGN	F	-0.03%
MSGE	D	-0.03%
TILE	A	-0.02%
HTLD	B	-0.02%
ATUS	C	-0.02%
MXL	C	-0.02%
GES	F	-0.02%
BASE	C	-0.02%
TMP	A	-0.02%
HPP	F	-0.02%
RGR	F	-0.02%
KREF	D	-0.02%
ASTE	B	-0.02%
BRSP	B	-0.02%
XHR	B	-0.02%
SVC	F	-0.02%
SAH	A	-0.02%
CVI	D	-0.02%
HCSG	B	-0.02%
MNRO	B	-0.02%
PRAA	C	-0.02%
FG	A	-0.02%
RBRK	B	-0.02%
LDI	C	-0.01%
BRCC	F	-0.01%
OPK	A	-0.01%
TWKS	B	-0.01%
DJT	C	-0.01%
CENT	C	-0.01%
TGI	A	-0.01%
ALX	D	-0.01%
CMP	B	-0.01%
TRTX	B	-0.01%
SWBI	D	-0.01%
KRO	D	-0.01%
SRCL	B	-0.01%
ZIP	D	-0.01%
NAPA	A	-0.01%
CRCT	F	-0.01%
WOOF	D	-0.01%
RUSHB	B	-0.01%
HTZ	C	-0.01%
INN	D	-0.01%
VMEO	B	-0.01%
BJRI	A	-0.01%
EE	A	-0.01%
RMR	F	-0.01%
GRC	B	-0.01%
NVRI	F	-0.01%
NABL	F	-0.01%
USNA	C	-0.01%
CLB	C	-0.01%
SSTK	F	-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%
AMCX	C	-0.0%
TASK	C	-0.0%
ACDC	D	-0.0%
LESL	C	-0.0%