VFVA vs. VYM ETF Comparison

Comparison of Vanguard Wellington Fund ETF (VFVA) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$128.27

Average Daily Volume

12,937

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$133.62

Average Daily Volume

791,255

Number of Holdings ^*

529

* may have additional holdings in another (foreign) market

Performance

Period	VFVA	VYM
30 Days	6.78%	3.01%
60 Days	7.36%	4.74%
90 Days	7.38%	6.95%
12 Months	28.66%	30.40%

244 Overlapping Holdings

	Symbol	Grade	Weight in VFVA	Weight in VYM	Overlap
	ADM	D	0.23%	0.15%	0.15%
	AFL	B	0.09%	0.33%	0.09%
	AGCO	D	0.18%	0.04%	0.04%
	AIG	B	0.51%	0.28%	0.28%
	AL	B	0.41%	0.03%	0.03%
	ALL	A	0.17%	0.28%	0.17%
	ALLY	C	0.25%	0.05%	0.05%
	APA	D	0.22%	0.05%	0.05%
	APO	B	0.05%	0.42%	0.05%
	ASB	B	0.13%	0.02%	0.02%
	AUB	B	0.09%	0.02%	0.02%
	AVT	C	0.25%	0.03%	0.03%
	AXS	A	0.26%	0.03%	0.03%
	BAC	A	0.76%	1.61%	0.76%
	BANR	B	0.09%	0.01%	0.01%
	BBWI	D	0.18%	0.04%	0.04%
	BC	C	0.18%	0.03%	0.03%
	BEN	C	0.05%	0.03%	0.03%
	BERY	B	0.38%	0.05%	0.05%
	BFH	B	0.17%	0.01%	0.01%
	BG	F	0.27%	0.07%	0.07%
	BHE	B	0.02%	0.01%	0.01%
	BHLB	B	0.08%	0.01%	0.01%
	BK	A	0.5%	0.32%	0.32%
	BKU	A	0.15%	0.01%	0.01%
	BLMN	F	0.04%	0.01%	0.01%
	BMY	B	0.46%	0.64%	0.46%
	BOKF	B	0.08%	0.01%	0.01%
	BPOP	B	0.06%	0.04%	0.04%
	BTU	B	0.17%	0.02%	0.02%
	C	A	0.72%	0.7%	0.7%
	CADE	B	0.16%	0.03%	0.03%
	CAG	D	0.16%	0.08%	0.08%
	CAH	B	0.26%	0.15%	0.15%
	CATY	B	0.09%	0.02%	0.02%
	CB	C	0.48%	0.65%	0.48%
	CC	C	0.02%	0.02%	0.02%
	CE	F	0.3%	0.06%	0.06%
	CF	B	0.18%	0.08%	0.08%
	CFG	B	0.13%	0.11%	0.11%
	CG	A	0.03%	0.06%	0.03%
	CHRD	D	0.18%	0.04%	0.04%
	CI	F	0.66%	0.5%	0.5%
	CIVI	D	0.33%	0.03%	0.03%
	CMA	A	0.15%	0.05%	0.05%
	CMCSA	B	0.68%	0.95%	0.68%
	CNA	B	0.07%	0.01%	0.01%
	CNH	C	0.16%	0.06%	0.06%
	CNO	A	0.04%	0.02%	0.02%
	COLB	A	0.34%	0.03%	0.03%
	COP	C	0.65%	0.73%	0.65%
	CRBG	B	0.02%	0.05%	0.02%
	CRC	B	0.15%	0.02%	0.02%
	CSCO	B	0.14%	1.26%	0.14%
	CTRA	B	0.19%	0.1%	0.1%
	CVS	D	0.74%	0.4%	0.4%
	CVX	A	0.7%	1.41%	0.7%
	DAN	D	0.17%	0.01%	0.01%
	DGX	A	0.03%	0.1%	0.03%
	DINO	D	0.16%	0.03%	0.03%
	DLX	B	0.14%	0.0%	0.0%
	DNB	B	0.09%	0.02%	0.02%
	DOW	F	0.18%	0.2%	0.18%
	DTM	B	0.17%	0.05%	0.05%
	DVN	F	0.08%	0.14%	0.08%
	EBAY	D	0.05%	0.16%	0.05%
	EBC	B	0.07%	0.02%	0.02%
	EG	C	0.17%	0.09%	0.09%
	EIG	B	0.02%	0.01%	0.01%
	EMN	D	0.09%	0.07%	0.07%
	EMR	A	0.14%	0.35%	0.14%
	EOG	A	0.75%	0.4%	0.4%
	EQH	B	0.07%	0.08%	0.07%
	EQT	B	0.17%	0.12%	0.12%
	ESNT	D	0.45%	0.04%	0.04%
	EWBC	A	0.08%	0.08%	0.08%
	F	C	0.68%	0.23%	0.23%
	FAF	A	0.08%	0.04%	0.04%
	FANG	D	0.3%	0.19%	0.19%
	FCF	A	0.12%	0.01%	0.01%
	FDP	B	0.11%	0.01%	0.01%
	FDX	B	0.89%	0.35%	0.35%
	FFBC	A	0.2%	0.01%	0.01%
	FHN	A	0.1%	0.05%	0.05%
	FIBK	A	0.07%	0.01%	0.01%
	FIS	C	0.22%	0.29%	0.22%
	FMC	D	0.05%	0.05%	0.05%
	FNB	A	0.19%	0.03%	0.03%
	FNF	B	0.14%	0.09%	0.09%
	FOX	A	0.33%	0.03%	0.03%
	FRME	B	0.05%	0.01%	0.01%
	FULT	A	0.1%	0.02%	0.02%
	GAP	C	0.1%	0.02%	0.02%
	GATX	A	0.05%	0.03%	0.03%
	GBX	A	0.16%	0.01%	0.01%
	GD	F	0.26%	0.45%	0.26%
	GEF	A	0.05%	0.01%	0.01%
	GILD	C	0.44%	0.63%	0.44%
	GLNG	C	0.15%	0.02%	0.02%
	GS	A	0.44%	0.93%	0.44%
	HAL	C	0.07%	0.14%	0.07%
	HEES	B	0.08%	0.01%	0.01%
	HI	C	0.07%	0.01%	0.01%
	HIG	B	0.07%	0.18%	0.07%
	HII	D	0.11%	0.04%	0.04%
	HOG	D	0.18%	0.02%	0.02%
	HOMB	A	0.02%	0.03%	0.02%
	HOPE	B	0.1%	0.01%	0.01%
	HPE	B	0.32%	0.14%	0.14%
	HPQ	B	0.42%	0.2%	0.2%
	HRB	D	0.13%	0.05%	0.05%
	HWC	B	0.19%	0.03%	0.03%
	IBM	C	0.18%	0.98%	0.18%
	IGT	F	0.03%	0.01%	0.01%
	INDB	B	0.07%	0.01%	0.01%
	INGR	B	0.17%	0.05%	0.05%
	IP	B	0.02%	0.11%	0.02%
	IVZ	B	0.19%	0.04%	0.04%
	JEF	A	0.17%	0.06%	0.06%
	JHG	A	0.07%	0.03%	0.03%
	JNJ	D	0.18%	2.19%	0.18%
	JPM	A	0.54%	3.61%	0.54%
	JXN	C	0.15%	0.04%	0.04%
	KALU	C	0.04%	0.01%	0.01%
	KEY	B	0.19%	0.09%	0.09%
	KFY	B	0.07%	0.02%	0.02%
	KHC	F	0.1%	0.17%	0.1%
	KMI	A	0.11%	0.27%	0.11%
	KR	B	0.22%	0.21%	0.21%
	LEA	D	0.17%	0.03%	0.03%
	LEG	F	0.22%	0.01%	0.01%
	LKQ	D	0.16%	0.05%	0.05%
	LNC	B	0.32%	0.03%	0.03%
	LYB	F	0.3%	0.13%	0.13%
	LZB	B	0.14%	0.01%	0.01%
	M	D	0.22%	0.02%	0.02%
	MAN	D	0.12%	0.02%	0.02%
	MATV	D	0.11%	0.0%	0.0%
	MDT	D	0.42%	0.65%	0.42%
	MDU	D	0.18%	0.03%	0.03%
	MET	A	0.52%	0.26%	0.26%
	MLKN	D	0.07%	0.01%	0.01%
	MMM	D	0.07%	0.4%	0.07%
	MO	A	1.0%	0.53%	0.53%
	MOS	F	0.23%	0.05%	0.05%
	MPC	D	0.56%	0.29%	0.29%
	MS	A	0.32%	0.76%	0.32%
	MTB	A	0.18%	0.18%	0.18%
	MTG	C	0.28%	0.04%	0.04%
	MUR	D	0.29%	0.03%	0.03%
	NAVI	C	0.13%	0.01%	0.01%
	NBTB	B	0.08%	0.01%	0.01%
	NEM	D	0.4%	0.3%	0.3%
	NMRK	B	0.16%	0.01%	0.01%
	NOG	A	0.07%	0.02%	0.02%
	NTB	B	0.09%	0.01%	0.01%
	NWBI	B	0.05%	0.01%	0.01%
	NWL	B	0.13%	0.02%	0.02%
	NXST	C	0.05%	0.03%	0.03%
	OGN	D	0.15%	0.03%	0.03%
	OMF	A	0.07%	0.03%	0.03%
	ONB	B	0.21%	0.03%	0.03%
	ORI	A	0.13%	0.05%	0.05%
	OVV	B	0.26%	0.06%	0.06%
	OZK	B	0.12%	0.03%	0.03%
	PBF	D	0.18%	0.02%	0.02%
	PCAR	B	0.42%	0.3%	0.3%
	PFE	D	0.36%	0.91%	0.36%
	PFG	D	0.06%	0.11%	0.06%
	PFS	B	0.06%	0.01%	0.01%
	PHIN	A	0.1%	0.01%	0.01%
	PII	D	0.08%	0.02%	0.02%
	PINC	B	0.02%	0.01%	0.01%
	PM	B	0.13%	1.17%	0.13%
	PNC	B	0.33%	0.42%	0.33%
	PPBI	B	0.11%	0.01%	0.01%
	PR	B	0.17%	0.05%	0.05%
	PRGO	B	0.24%	0.02%	0.02%
	PRU	A	0.28%	0.25%	0.25%
	PSX	C	0.71%	0.29%	0.29%
	PTEN	C	0.21%	0.02%	0.02%
	QCOM	F	0.07%	1.03%	0.07%
	R	B	0.41%	0.04%	0.04%
	RDN	C	0.28%	0.03%	0.03%
	RF	A	0.1%	0.12%	0.1%
	RGA	A	0.04%	0.08%	0.04%
	RNST	B	0.1%	0.01%	0.01%
	RPRX	D	0.41%	0.06%	0.06%
	RRC	B	0.1%	0.04%	0.04%
	RS	B	0.02%	0.09%	0.02%
	RTX	C	0.14%	0.91%	0.14%
	SASR	B	0.11%	0.01%	0.01%
	SCHL	D	0.09%	0.0%	0.0%
	SF	B	0.14%	0.06%	0.06%
	SFL	D	0.08%	0.01%	0.01%
	SIRI	C	0.2%	0.04%	0.04%
	SJM	D	0.15%	0.07%	0.07%
	SLB	C	0.69%	0.32%	0.32%
	SLM	A	0.03%	0.03%	0.03%
	SLVM	B	0.16%	0.02%	0.02%
	SNV	B	0.2%	0.04%	0.04%
	SON	D	0.21%	0.03%	0.03%
	SRCE	B	0.08%	0.01%	0.01%
	SSB	B	0.08%	0.04%	0.04%
	STBA	B	0.26%	0.01%	0.01%
	STNG	F	0.19%	0.02%	0.02%
	STT	A	0.02%	0.16%	0.02%
	SYF	B	0.33%	0.12%	0.12%
	T	A	1.01%	0.92%	0.92%
	TAP	C	0.16%	0.05%	0.05%
	TDS	B	0.12%	0.02%	0.02%
	TFC	A	0.73%	0.33%	0.33%
	TGNA	B	0.2%	0.02%	0.02%
	TGT	F	0.27%	0.39%	0.27%
	THG	A	0.04%	0.03%	0.03%
	TNL	A	0.21%	0.02%	0.02%
	TOWN	B	0.05%	0.01%	0.01%
	TPR	B	0.04%	0.06%	0.04%
	TRMK	B	0.07%	0.01%	0.01%
	TROX	D	0.2%	0.01%	0.01%
	TRV	B	0.48%	0.32%	0.32%
	TSN	B	0.07%	0.09%	0.07%
	UCB	A	0.02%	0.02%	0.02%
	UNM	A	0.6%	0.07%	0.07%
	UPBD	B	0.07%	0.01%	0.01%
	USB	A	0.71%	0.37%	0.37%
	VAC	B	0.09%	0.02%	0.02%
	VLO	C	0.66%	0.23%	0.23%
	VLY	B	0.09%	0.02%	0.02%
	VSH	D	0.07%	0.01%	0.01%
	VTRS	A	0.25%	0.08%	0.08%
	VZ	C	0.8%	1.01%	0.8%
	WAFD	B	0.21%	0.01%	0.01%
	WAL	B	0.18%	0.05%	0.05%
	WBS	A	0.22%	0.05%	0.05%
	WFC	A	0.59%	1.29%	0.59%
	WHR	B	0.21%	0.03%	0.03%
	WKC	D	0.16%	0.01%	0.01%
	WMB	A	0.35%	0.36%	0.35%
	WMK	C	0.03%	0.01%	0.01%
	WSBC	A	0.08%	0.01%	0.01%
	XOM	B	0.86%	2.97%	0.86%
	XRX	F	0.05%	0.01%	0.01%
	ZION	B	0.16%	0.04%	0.04%

VFVA Overweight 369 Positions Relative to VYM

	Symbol	Grade	Weight
	GM	B	0.87%
	HCA	F	0.76%
	INTC	D	0.66%
	COF	B	0.66%
	MU	D	0.59%
	FI	A	0.53%
	OXY	D	0.5%
	FCX	D	0.43%
	ARW	D	0.43%
	DIS	B	0.4%
	NUE	C	0.38%
	MCK	B	0.35%
	GT	C	0.34%
	DHI	D	0.31%
	GTES	A	0.3%
	TMUS	B	0.3%
	BDX	F	0.29%
	UAL	A	0.29%
	MHK	D	0.28%
	PRDO	B	0.28%
	OI	C	0.27%
	ATKR	C	0.26%
	AZO	C	0.26%
	TTMI	B	0.25%
	BWA	D	0.25%
	PYPL	B	0.24%
	SNX	C	0.24%
	INSW	F	0.24%
	CCL	B	0.23%
	ALK	C	0.23%
	DXC	B	0.23%
	HRI	B	0.22%
	SM	B	0.22%
	MLI	C	0.22%
	CNC	D	0.22%
	UHAL	D	0.22%
	BHF	B	0.22%
	AMG	B	0.21%
	ASO	F	0.21%
	KBH	D	0.21%
	CLF	F	0.21%
	MATX	C	0.21%
	TPH	D	0.21%
	PVH	C	0.21%
	TEX	D	0.21%
	AMR	C	0.2%
	DBX	B	0.2%
	ZI	D	0.2%
	ACGL	D	0.2%
	GPOR	B	0.2%
	WCC	B	0.2%
	RNR	C	0.2%
	DAL	C	0.2%
	ADNT	F	0.19%
	KOS	F	0.19%
	PUMP	B	0.19%
	MHO	D	0.19%
	CMC	B	0.19%
	KNX	B	0.19%
	NOV	C	0.19%
	HCC	B	0.19%
	PCRX	C	0.19%
	BMBL	C	0.19%
	LEN	D	0.19%
	LILAK	D	0.19%
	MTDR	B	0.18%
	TNK	F	0.18%
	HAIN	C	0.18%
	CCS	D	0.18%
	AEO	F	0.18%
	AHCO	F	0.18%
	ODP	F	0.18%
	HELE	C	0.18%
	BYD	C	0.18%
	CCSI	C	0.18%
	DAR	C	0.17%
	ATSG	B	0.17%
	EFSC	B	0.17%
	MD	B	0.17%
	JAZZ	B	0.17%
	GIII	D	0.17%
	GTN	F	0.17%
	IMKTA	C	0.17%
	RNG	B	0.17%
	ZD	C	0.17%
	TOL	B	0.16%
	PARR	D	0.16%
	AXL	C	0.16%
	ASIX	A	0.16%
	GNK	D	0.16%
	SEB	F	0.16%
	COMM	D	0.16%
	OCFC	B	0.16%
	KOP	C	0.16%
	OMI	F	0.16%
	ABCB	B	0.16%
	ALSN	B	0.16%
	BXC	B	0.16%
	UHS	D	0.16%
	SBH	C	0.16%
	CRGY	B	0.16%
	DIN	C	0.15%
	DE	A	0.15%
	MBUU	C	0.15%
	SNDR	B	0.15%
	WWW	B	0.15%
	NUS	D	0.15%
	UTHR	C	0.15%
	ABG	B	0.15%
	ST	F	0.15%
	MCB	B	0.15%
	TWI	F	0.15%
	SPTN	D	0.15%
	CEIX	A	0.14%
	ELAN	D	0.14%
	NWSA	B	0.14%
	IRWD	F	0.14%
	TPC	C	0.14%
	OLN	D	0.14%
	ECVT	C	0.14%
	SNCY	C	0.14%
	RMAX	C	0.14%
	PLTK	B	0.14%
	REZI	A	0.14%
	ASC	F	0.14%
	BRY	F	0.14%
	ALIT	C	0.14%
	APTV	D	0.14%
	TDOC	C	0.13%
	COOP	B	0.13%
	LPG	F	0.13%
	BGS	F	0.13%
	BELFB	C	0.13%
	JELD	F	0.13%
	VBTX	B	0.13%
	AR	B	0.13%
	GOGL	F	0.13%
	STLD	B	0.13%
	UNFI	A	0.12%
	GDOT	D	0.12%
	NAT	F	0.12%
	ENS	D	0.12%
	QRVO	F	0.12%
	RRX	B	0.12%
	GNW	A	0.12%
	HLX	B	0.12%
	ANDE	D	0.12%
	DCOM	A	0.12%
	RPAY	D	0.12%
	CMRE	C	0.12%
	PLAB	C	0.12%
	DOLE	D	0.12%
	JLL	D	0.12%
	RYI	C	0.12%
	DHT	F	0.12%
	FCNCA	A	0.12%
	BANC	A	0.12%
	APPS	F	0.12%
	SXC	A	0.12%
	STNE	F	0.11%
	BUSE	B	0.11%
	SKYW	B	0.11%
	CLW	F	0.11%
	EYE	C	0.11%
	PEBO	A	0.11%
	MTCH	D	0.11%
	PHM	D	0.11%
	MTUS	C	0.11%
	UFPI	B	0.11%
	PNFP	B	0.11%
	IART	C	0.11%
	FIVE	F	0.11%
	SCSC	B	0.11%
	OMCL	C	0.11%
	ATGE	B	0.11%
	JRVR	F	0.11%
	BV	B	0.1%
	SCHW	B	0.1%
	TK	D	0.1%
	GPN	B	0.1%
	CSTM	F	0.1%
	SAIC	F	0.1%
	STC	B	0.1%
	LULU	C	0.1%
	SD	D	0.1%
	CUBI	C	0.1%
	EGBN	B	0.1%
	DLTR	F	0.1%
	EGY	D	0.1%
	CHGG	D	0.1%
	FL	F	0.09%
	NX	C	0.09%
	MAT	D	0.09%
	SMP	B	0.09%
	GPRE	F	0.09%
	TXT	D	0.09%
	GCO	B	0.09%
	PATK	D	0.09%
	FOXF	F	0.09%
	SATS	D	0.09%
	UVE	B	0.09%
	VTOL	B	0.09%
	BZH	B	0.09%
	NVST	B	0.09%
	DNOW	B	0.09%
	HBI	B	0.09%
	TKR	D	0.09%
	MODG	F	0.09%
	HVT	D	0.09%
	RYAM	C	0.08%
	SSNC	B	0.08%
	RJF	A	0.08%
	BLDR	D	0.08%
	BOOM	F	0.08%
	CWK	B	0.08%
	GL	B	0.08%
	PLAY	D	0.08%
	NTCT	C	0.08%
	ACCO	C	0.08%
	LEN	D	0.08%
	ARCB	C	0.08%
	EAT	A	0.08%
	SB	F	0.08%
	PBI	B	0.07%
	WYNN	D	0.07%
	OEC	C	0.07%
	SNEX	B	0.07%
	PAGS	F	0.07%
	OC	A	0.07%
	MTW	C	0.07%
	HLF	C	0.07%
	CXW	B	0.07%
	BCC	B	0.07%
	AMKR	D	0.07%
	TRST	A	0.07%
	ELV	F	0.07%
	DXPE	B	0.07%
	URBN	C	0.07%
	AX	A	0.07%
	CCRN	F	0.07%
	HAFC	A	0.07%
	NIC	B	0.07%
	VREX	C	0.07%
	ZEUS	C	0.07%
	REVG	B	0.07%
	EMBC	C	0.07%
	NMIH	D	0.07%
	SANM	B	0.07%
	BBW	B	0.07%
	COHR	B	0.07%
	LBRDA	C	0.06%
	ALGT	B	0.06%
	CNXC	F	0.06%
	LXU	B	0.06%
	GPI	A	0.06%
	GOOG	C	0.06%
	PENN	C	0.06%
	CROX	D	0.06%
	FWRD	D	0.06%
	UIS	B	0.06%
	AMWD	C	0.06%
	XRAY	F	0.06%
	NNI	D	0.06%
	DENN	D	0.06%
	CAL	D	0.06%
	GPK	C	0.06%
	OIS	C	0.06%
	TCBK	B	0.06%
	TMHC	B	0.06%
	BUR	C	0.06%
	SSP	F	0.06%
	KELYA	F	0.06%
	REPX	A	0.06%
	VSCO	B	0.06%
	RUSHA	C	0.06%
	ENVA	B	0.05%
	PRLB	A	0.05%
	BW	D	0.05%
	MTH	D	0.05%
	GRBK	D	0.05%
	HFWA	B	0.05%
	REX	D	0.05%
	OFG	B	0.05%
	LILA	D	0.05%
	WBD	C	0.05%
	RGP	F	0.05%
	CNOB	B	0.05%
	TTEC	F	0.05%
	PFSI	D	0.05%
	GHC	C	0.05%
	LBRT	D	0.05%
	MATW	C	0.05%
	TWLO	A	0.05%
	ASGN	F	0.05%
	HZO	D	0.04%
	MRC	B	0.04%
	GLDD	B	0.04%
	VRNT	C	0.04%
	WTTR	B	0.04%
	HNRG	B	0.04%
	WNC	C	0.04%
	MKL	A	0.04%
	AMPY	C	0.04%
	XPOF	C	0.04%
	HUBG	A	0.04%
	NCLH	B	0.04%
	ETWO	F	0.04%
	FFWM	C	0.04%
	PPC	C	0.04%
	DESP	B	0.04%
	MOV	C	0.04%
	UA	C	0.04%
	RDUS	C	0.04%
	TALO	C	0.04%
	BY	B	0.04%
	CFFN	B	0.04%
	GEO	B	0.04%
	ANET	C	0.03%
	HOV	D	0.03%
	ACT	D	0.03%
	NBHC	B	0.03%
	ESI	A	0.03%
	SCVL	F	0.03%
	HY	D	0.03%
	MBIN	D	0.03%
	CMCO	B	0.03%
	LC	A	0.03%
	CNDT	C	0.03%
	SWI	B	0.03%
	JILL	C	0.03%
	FF	D	0.03%
	QCRH	A	0.03%
	JBL	B	0.03%
	HRTG	C	0.03%
	AMBC	C	0.03%
	AMAL	B	0.03%
	INMD	C	0.03%
	WERN	C	0.03%
	SHLS	F	0.03%
	USAP	B	0.03%
	OLPX	D	0.03%
	PTVE	B	0.03%
	ZIMV	D	0.03%
	FOR	F	0.03%
	DRVN	B	0.03%
	IIIN	C	0.03%
	TBRG	B	0.02%
	NR	B	0.02%
	CMPR	D	0.02%
	NFBK	B	0.02%
	HGV	B	0.02%
	KODK	B	0.02%
	TITN	C	0.02%
	HDSN	F	0.02%
	ALKS	B	0.02%
	BAND	B	0.02%
	TTI	C	0.02%
	DG	F	0.02%
	GO	C	0.02%
	VYX	B	0.02%
	AMRX	C	0.02%
	PFBC	B	0.02%
	BRKL	B	0.02%
	FSLR	F	0.02%
	EPC	D	0.02%
	WRLD	C	0.02%
	MEI	D	0.02%
	PRA	C	0.02%
	OBK	B	0.02%

VFVA Underweight 285 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	D	-4.38%
	PG	A	-2.21%
	HD	A	-2.21%
	ABBV	D	-2.05%
	WMT	A	-2.02%
	MRK	F	-1.47%
	KO	D	-1.44%
	PEP	F	-1.29%
	MCD	D	-1.19%
	ABT	B	-1.11%
	TXN	C	-1.05%
	CAT	B	-1.04%
	AMGN	D	-0.97%
	NEE	D	-0.92%
	LOW	D	-0.85%
	BLK	C	-0.82%
	UNP	C	-0.8%
	PGR	A	-0.8%
	HON	B	-0.76%
	ETN	A	-0.75%
	BX	A	-0.67%
	ADP	B	-0.67%
	LMT	D	-0.66%
	ADI	D	-0.63%
	SBUX	A	-0.63%
	SO	D	-0.57%
	UPS	C	-0.55%
	MDLZ	F	-0.52%
	DUK	C	-0.5%
	WM	A	-0.49%
	CME	A	-0.46%
	ITW	B	-0.44%
	CL	D	-0.43%
	APD	A	-0.39%
	NXPI	D	-0.34%
	OKE	A	-0.32%
	NSC	B	-0.32%
	AEP	D	-0.3%
	SRE	A	-0.3%
	JCI	C	-0.29%
	AMP	A	-0.29%
	D	C	-0.28%
	LHX	C	-0.27%
	KMB	D	-0.26%
	PEG	A	-0.25%
	FAST	B	-0.25%
	PAYX	C	-0.25%
	CMI	A	-0.25%
	VST	B	-0.24%
	GIS	D	-0.22%
	BKR	B	-0.22%
	MCHP	D	-0.22%
	EXC	C	-0.22%
	GLW	B	-0.21%
	TRGP	B	-0.21%
	KDP	D	-0.21%
	YUM	B	-0.21%
	DFS	B	-0.21%
	XEL	A	-0.21%
	SYY	B	-0.21%
	DD	D	-0.2%
	ED	D	-0.2%
	ETR	B	-0.19%
	EIX	B	-0.18%
	FITB	A	-0.17%
	WEC	A	-0.17%
	ROK	B	-0.17%
	ARES	A	-0.17%
	GRMN	B	-0.17%
	PPG	F	-0.16%
	DTE	C	-0.15%
	HSY	F	-0.15%
	AWK	D	-0.15%
	PPL	B	-0.14%
	FE	C	-0.14%
	TROW	B	-0.14%
	IFF	D	-0.14%
	HBAN	A	-0.13%
	HUBB	B	-0.13%
	ES	D	-0.13%
	AEE	A	-0.13%
	NTAP	C	-0.13%
	CMS	C	-0.12%
	ATO	A	-0.12%
	K	A	-0.12%
	CINF	A	-0.12%
	CNP	B	-0.11%
	NRG	B	-0.11%
	DRI	B	-0.11%
	STX	D	-0.11%
	BBY	D	-0.11%
	OMC	C	-0.11%
	MKC	D	-0.11%
	NTRS	A	-0.11%
	PKG	A	-0.11%
	WRB	A	-0.1%
	WSM	B	-0.1%
	SNA	A	-0.1%
	BAX	D	-0.1%
	LUV	C	-0.1%
	LNT	A	-0.09%
	MRO	B	-0.09%
	CCEP	C	-0.09%
	CLX	B	-0.09%
	NI	A	-0.09%
	GEN	B	-0.09%
	EL	F	-0.09%
	GPC	D	-0.09%
	RPM	A	-0.09%
	WSO	A	-0.09%
	EVRG	A	-0.08%
	SWKS	F	-0.08%
	SWK	D	-0.08%
	AES	F	-0.07%
	CHRW	C	-0.07%
	NVT	B	-0.07%
	BAP	B	-0.07%
	JNPR	F	-0.07%
	WTRG	B	-0.06%
	AIZ	A	-0.06%
	PNW	B	-0.06%
	DOX	D	-0.06%
	DKS	C	-0.06%
	IPG	D	-0.06%
	RL	B	-0.05%
	OGE	B	-0.05%
	VOYA	B	-0.05%
	HRL	D	-0.05%
	CPB	D	-0.05%
	HLI	B	-0.05%
	HAS	D	-0.05%
	AFG	A	-0.05%
	EVR	B	-0.05%
	SCCO	F	-0.05%
	FOXA	B	-0.05%
	MTN	C	-0.04%
	RLI	B	-0.04%
	PB	A	-0.04%
	ALV	C	-0.04%
	OSK	B	-0.04%
	WBA	F	-0.04%
	WH	B	-0.04%
	RHI	B	-0.04%
	FLS	B	-0.04%
	CRS	A	-0.04%
	XP	F	-0.04%
	VFC	C	-0.04%
	CBSH	A	-0.04%
	CFR	B	-0.04%
	ACI	C	-0.04%
	SWX	B	-0.03%
	NJR	A	-0.03%
	FFIN	B	-0.03%
	MC	C	-0.03%
	KTB	B	-0.03%
	POR	C	-0.03%
	AM	A	-0.03%
	PIPR	B	-0.03%
	PARA	C	-0.03%
	UMBF	B	-0.03%
	UBSI	B	-0.03%
	UGI	A	-0.03%
	IDA	A	-0.03%
	SEE	C	-0.03%
	BCPC	B	-0.03%
	NFG	A	-0.03%
	TPG	A	-0.03%
	CBT	C	-0.03%
	GBCI	B	-0.03%
	CXT	B	-0.02%
	CNS	B	-0.02%
	LCII	C	-0.02%
	APAM	B	-0.02%
	MGRC	B	-0.02%
	PAG	B	-0.02%
	TRN	C	-0.02%
	BOH	B	-0.02%
	NSP	D	-0.02%
	SFNC	B	-0.02%
	AVA	A	-0.02%
	CWT	D	-0.02%
	AWR	B	-0.02%
	FBP	B	-0.02%
	SXT	B	-0.02%
	FHB	A	-0.02%
	CBU	B	-0.02%
	YOU	D	-0.02%
	OTTR	C	-0.02%
	HP	B	-0.02%
	SHOO	D	-0.02%
	NWE	B	-0.02%
	MGEE	C	-0.02%
	IBOC	A	-0.02%
	WEN	D	-0.02%
	AROC	B	-0.02%
	ABM	B	-0.02%
	LANC	C	-0.02%
	IRDM	D	-0.02%
	SEM	B	-0.02%
	CCOI	B	-0.02%
	WD	D	-0.02%
	CALM	A	-0.02%
	SR	A	-0.02%
	HUN	F	-0.02%
	MSM	C	-0.02%
	WU	D	-0.02%
	ALE	A	-0.02%
	SMG	D	-0.02%
	KMPR	B	-0.02%
	PNM	F	-0.02%
	OGS	A	-0.02%
	BKH	A	-0.02%
	AVNT	B	-0.02%
	FLO	D	-0.02%
	SFBS	B	-0.02%
	AGO	B	-0.02%
	MGY	A	-0.02%
	CWEN	C	-0.01%
	JACK	D	-0.01%
	DK	C	-0.01%
	CBRL	C	-0.01%
	OXM	D	-0.01%
	KLG	C	-0.01%
	SCS	C	-0.01%
	UI	A	-0.01%
	SAFT	C	-0.01%
	DDS	B	-0.01%
	KW	B	-0.01%
	UVV	B	-0.01%
	WOR	F	-0.01%
	BKE	B	-0.01%
	WABC	B	-0.01%
	CSGS	B	-0.01%
	HTH	B	-0.01%
	WT	B	-0.01%
	VRTS	B	-0.01%
	REYN	D	-0.01%
	AY	B	-0.01%
	NWN	A	-0.01%
	HMN	B	-0.01%
	WGO	C	-0.01%
	SYBT	B	-0.01%
	APOG	B	-0.01%
	PDCO	D	-0.01%
	TNC	D	-0.01%
	CHCO	B	-0.01%
	PZZA	D	-0.01%
	WLY	B	-0.01%
	MCY	A	-0.01%
	SJW	D	-0.01%
	SBLK	F	-0.01%
	STRA	C	-0.01%
	CABO	C	-0.01%
	CRI	D	-0.01%
	KMT	B	-0.01%
	KSS	F	-0.01%
	IBTX	B	-0.01%
	AAP	C	-0.01%
	B	B	-0.01%
	BANF	B	-0.01%
	CAKE	C	-0.01%
	SBCF	A	-0.01%
	JWN	C	-0.01%
	ENR	B	-0.01%
	HNI	B	-0.01%
	ADTN	A	-0.01%
	CWEN	C	-0.01%
	NOMD	D	-0.01%
	SPB	C	-0.01%
	PRK	B	-0.01%
	HTLF	B	-0.01%
	RRR	D	-0.01%
	JJSF	B	-0.01%
	AGR	B	-0.01%
	VIRT	B	-0.01%
	CVBF	A	-0.01%
	ARCH	B	-0.01%
	CPK	A	-0.01%
	GES	F	-0.0%
	CVI	F	-0.0%
	NFE	D	-0.0%
	RBCAA	B	-0.0%
	TFSL	A	-0.0%
	FG	B	-0.0%
	SSTK	F	-0.0%

VFVA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Insurance - Property & Casualty Shipping & Ports Asset Management Credit Services Residential Construction Oil & Gas Equipment & Services Auto Parts Software - Application Specialty Retail Chemicals Insurance - Life Apparel Stores Business Services Information Technology Services Specialty Chemicals Steel Diversified Industrials Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Bank Banking Insurance Deposit Products Natural Gas Commercial Banking Real Estate Loans Chemical Commercial Bank Insurance Products Mining Transport Investment Management Loan Petroleum Industry Life Insurance Computing Nasdaq 100 Retail Store

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Semiconductors Capital Markets Chemicals Credit Services Drug Manufacturers - Major Insurance - Diversified Packaging & Containers

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Insurance Products Mining Chemical Commercial Bank Life Insurance Trust Services Cash Management Electronics