VLU vs. BTAL ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

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

$183.84

Average Daily Volume

9,476

Number of Holdings ^*

1423

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.55

Average Daily Volume

673,701

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	VLU	BTAL
30 Days	2.50%	-3.22%
60 Days	3.86%	0.57%
90 Days	7.38%	-0.36%
12 Months	29.23%	-2.01%

318 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in BTAL	Overlap
	AA	C	0.03%	-0.47%	-0.47%
	ABBV	B	0.45%	0.41%	0.41%
	ACGL	B	0.14%	0.44%	0.14%
	ACN	C	0.3%	0.42%	0.3%
	ADC	C	0.02%	0.43%	0.02%
	ADP	C	0.08%	0.42%	0.08%
	AEE	B	0.09%	0.44%	0.09%
	AES	C	0.05%	-0.48%	-0.48%
	AIZ	B	0.04%	0.42%	0.04%
	AKAM	D	0.03%	0.43%	0.03%
	ALB	D	0.04%	-0.44%	-0.44%
	ALGN	D	0.03%	-0.46%	-0.46%
	ALL	C	0.16%	0.45%	0.16%
	ALLY	F	0.08%	-0.35%	-0.35%
	AMCR	B	0.06%	0.43%	0.06%
	AMD	C	0.14%	-0.45%	-0.45%
	AMGN	D	0.28%	0.44%	0.28%
	AMKR	F	0.03%	-0.4%	-0.4%
	ANET	C	0.07%	-0.47%	-0.47%
	AON	B	0.07%	0.43%	0.07%
	AR	C	0.04%	-0.46%	-0.46%
	ARE	C	0.06%	-0.47%	-0.47%
	ARMK	B	0.05%	0.45%	0.05%
	ARW	B	0.06%	0.42%	0.06%
	ARWR	F	0.0%	-0.37%	-0.37%
	ASGN	D	0.01%	0.41%	0.01%
	AVB	C	0.07%	0.45%	0.07%
	AVGO	C	0.42%	-0.46%	-0.46%
	AVT	B	0.04%	0.41%	0.04%
	AWK	C	0.06%	-0.44%	-0.44%
	AXON	B	0.01%	-0.48%	-0.48%
	AXTA	B	0.02%	-0.45%	-0.45%
	AZO	B	0.07%	0.31%	0.07%
	BBWI	D	0.02%	-0.41%	-0.41%
	BG	F	0.13%	0.42%	0.13%
	BKR	C	0.1%	0.44%	0.1%
	BLD	C	0.02%	-0.46%	-0.46%
	BLDR	C	0.05%	-0.47%	-0.47%
	BLK	B	0.2%	-0.48%	-0.48%
	BMY	C	0.32%	0.45%	0.32%
	BRO	C	0.03%	0.43%	0.03%
	BWA	C	0.07%	0.44%	0.07%
	BWXT	A	0.01%	0.45%	0.01%
	BX	C	0.13%	-0.48%	-0.48%
	BXP	C	0.06%	-0.48%	-0.48%
	CACC	F	0.0%	0.44%	0.0%
	CACI	B	0.03%	0.45%	0.03%
	CAR	D	0.02%	-0.44%	-0.44%
	CARR	B	0.09%	-0.48%	-0.48%
	CB	B	0.38%	0.44%	0.38%
	CBOE	C	0.03%	0.42%	0.03%
	CBRE	B	0.08%	-0.47%	-0.47%
	CC	D	0.01%	-0.44%	-0.44%
	CCK	B	0.04%	0.46%	0.04%
	CCL	C	0.17%	-0.48%	-0.48%
	CE	D	0.04%	-0.43%	-0.43%
	CEG	C	0.05%	-0.57%	-0.57%
	CELH	F	0.0%	-0.35%	-0.35%
	CF	B	0.06%	0.44%	0.06%
	CFG	D	0.17%	-0.42%	-0.42%
	CG	C	0.02%	-0.46%	-0.46%
	CHD	C	0.03%	0.43%	0.03%
	CHE	C	0.01%	0.42%	0.01%
	CHH	B	0.01%	0.45%	0.01%
	CHRW	B	0.06%	0.44%	0.06%
	CHX	F	0.01%	-0.42%	-0.42%
	CI	C	0.39%	0.43%	0.39%
	CINF	C	0.07%	0.43%	0.07%
	CLH	C	0.03%	0.43%	0.03%
	CMA	C	0.07%	-0.47%	-0.47%
	CME	B	0.1%	0.45%	0.1%
	CMG	D	0.04%	0.44%	0.04%
	CMS	B	0.06%	0.44%	0.06%
	CNC	D	0.36%	0.4%	0.36%
	CNM	F	0.01%	-0.38%	-0.38%
	CNXC	F	0.03%	-0.38%	-0.38%
	COHR	C	0.02%	-0.49%	-0.49%
	COLM	C	0.02%	0.42%	0.02%
	COTY	D	0.02%	-0.42%	-0.42%
	CPB	C	0.05%	0.43%	0.05%
	CRL	F	0.01%	-0.43%	-0.43%
	CSCO	B	0.47%	0.44%	0.44%
	CSGP	D	0.03%	-0.43%	-0.43%
	CSX	C	0.11%	0.43%	0.11%
	CTSH	B	0.11%	0.42%	0.11%
	CW	B	0.02%	0.43%	0.02%
	CWEN	A	0.02%	-0.45%	-0.45%
	CWEN	A	0.01%	-0.45%	-0.45%
	CZR	C	0.03%	-0.47%	-0.47%
	D	C	0.25%	-0.44%	-0.44%
	DAL	C	0.27%	-0.51%	-0.51%
	DAR	F	0.02%	-0.39%	-0.39%
	DAY	D	0.01%	-0.45%	-0.45%
	DBX	C	0.01%	0.44%	0.01%
	DD	B	0.18%	0.45%	0.18%
	DECK	C	0.02%	0.38%	0.02%
	DGX	B	0.05%	0.42%	0.05%
	DINO	F	0.06%	-0.4%	-0.4%
	DKS	D	0.04%	-0.4%	-0.4%
	DLB	D	0.01%	0.44%	0.01%
	DRI	C	0.05%	0.47%	0.05%
	DUK	B	0.35%	0.44%	0.35%
	DVN	F	0.13%	0.39%	0.13%
	ED	B	0.14%	0.44%	0.14%
	EFX	C	0.02%	-0.43%	-0.43%
	EG	B	0.09%	0.43%	0.09%
	EL	D	0.04%	-0.43%	-0.43%
	ELF	F	0.0%	-0.32%	-0.32%
	ELS	D	0.02%	0.44%	0.02%
	ELV	D	0.41%	0.43%	0.41%
	ENPH	D	0.01%	-0.42%	-0.42%
	EQR	C	0.08%	0.44%	0.08%
	EQT	C	0.11%	-0.47%	-0.47%
	ERIE	B	0.02%	0.5%	0.02%
	ETN	C	0.12%	-0.47%	-0.47%
	EW	F	0.04%	-0.41%	-0.41%
	EXP	B	0.01%	-0.5%	-0.5%
	EXPE	C	0.04%	-0.45%	-0.45%
	F	F	0.38%	-0.42%	-0.42%
	FANG	F	0.1%	0.4%	0.1%
	FCN	C	0.01%	0.44%	0.01%
	FCX	C	0.08%	-0.47%	-0.47%
	FFIV	B	0.02%	0.48%	0.02%
	FLO	C	0.02%	0.43%	0.02%
	FMC	B	0.03%	0.42%	0.03%
	FND	C	0.01%	-0.47%	-0.47%
	FOXA	B	0.08%	0.44%	0.08%
	FOXF	F	0.01%	0.47%	0.01%
	FTNT	B	0.04%	0.44%	0.04%
	FYBR	C	0.04%	-0.53%	-0.53%
	G	C	0.02%	0.42%	0.02%
	GD	C	0.2%	0.44%	0.2%
	GILD	B	0.34%	0.46%	0.34%
	GIS	B	0.12%	0.44%	0.12%
	GLPI	C	0.04%	0.43%	0.04%
	GLW	B	0.1%	0.45%	0.1%
	GME	D	0.02%	-0.47%	-0.47%
	GNRC	D	0.02%	-0.42%	-0.42%
	GPC	D	0.06%	0.41%	0.06%
	GTLS	F	0.01%	-0.43%	-0.43%
	HIG	B	0.13%	0.44%	0.13%
	HON	C	0.21%	0.42%	0.21%
	HPQ	C	0.27%	0.43%	0.27%
	HQY	C	0.01%	0.44%	0.01%
	HRB	C	0.03%	0.42%	0.03%
	HUM	F	0.19%	0.38%	0.19%
	IBKR	B	0.05%	0.46%	0.05%
	IBM	B	0.45%	0.47%	0.45%
	IDXX	D	0.02%	-0.47%	-0.47%
	ILMN	D	0.03%	-0.42%	-0.42%
	INTC	D	0.3%	-0.49%	-0.49%
	ITT	B	0.01%	-0.47%	-0.47%
	J	A	0.04%	0.43%	0.04%
	JAZZ	D	0.02%	0.4%	0.02%
	JHG	B	0.04%	-0.45%	-0.45%
	JLL	B	0.05%	-0.47%	-0.47%
	JNJ	C	0.86%	0.43%	0.43%
	JNPR	A	0.03%	0.42%	0.03%
	KBR	D	0.01%	0.4%	0.01%
	KHC	C	0.25%	0.41%	0.25%
	KMI	C	0.38%	0.44%	0.38%
	KMX	D	0.05%	-0.39%	-0.39%
	KO	B	0.43%	0.42%	0.42%
	KR	B	0.33%	0.45%	0.33%
	KRC	C	0.04%	-0.47%	-0.47%
	KSS	D	0.02%	-0.44%	-0.44%
	L	D	0.13%	0.42%	0.13%
	LAMR	B	0.03%	-0.48%	-0.48%
	LITE	B	0.01%	-0.46%	-0.46%
	LMT	A	0.36%	0.41%	0.36%
	LNC	C	0.05%	-0.42%	-0.42%
	LNT	A	0.04%	0.44%	0.04%
	LPX	B	0.02%	-0.48%	-0.48%
	LRCX	D	0.08%	-0.4%	-0.4%
	LULU	D	0.03%	0.4%	0.03%
	LYV	A	0.03%	-0.49%	-0.49%
	MAN	C	0.03%	0.43%	0.03%
	MCD	B	0.16%	0.43%	0.16%
	MCK	F	0.34%	0.39%	0.34%
	MDU	B	0.03%	0.47%	0.03%
	MGM	D	0.05%	-0.43%	-0.43%
	MKC	C	0.05%	0.45%	0.05%
	MKSI	F	0.01%	-0.4%	-0.4%
	MMC	C	0.12%	0.41%	0.12%
	MOH	D	0.05%	0.42%	0.05%
	MOS	F	0.07%	0.38%	0.07%
	MPWR	B	0.01%	-0.37%	-0.37%
	MRNA	F	0.03%	-0.35%	-0.35%
	MSA	D	0.01%	0.42%	0.01%
	MSFT	C	1.53%	0.44%	0.44%
	MSI	B	0.04%	0.46%	0.04%
	MSM	D	0.02%	0.45%	0.02%
	MTCH	C	0.02%	0.43%	0.02%
	MTDR	F	0.02%	-0.39%	-0.39%
	MU	D	0.13%	-0.41%	-0.41%
	MUR	F	0.05%	0.4%	0.05%
	MUSA	D	0.04%	0.4%	0.04%
	NEM	C	0.18%	0.45%	0.18%
	NEU	D	0.01%	0.45%	0.01%
	NOC	B	0.16%	0.43%	0.16%
	NRG	B	0.05%	-0.46%	-0.46%
	NTRS	C	0.07%	-0.45%	-0.45%
	NVDA	C	0.3%	-0.41%	-0.41%
	NVT	C	0.02%	-0.45%	-0.45%
	NWE	A	0.02%	-0.46%	-0.46%
	NWL	C	0.03%	0.42%	0.03%
	O	B	0.12%	0.43%	0.12%
	OC	C	0.04%	-0.41%	-0.41%
	OHI	C	0.04%	0.44%	0.04%
	OLLI	C	0.01%	0.46%	0.01%
	ON	D	0.05%	0.4%	0.05%
	ORI	B	0.05%	0.43%	0.05%
	ORLY	B	0.07%	0.46%	0.07%
	OXY	F	0.18%	0.39%	0.18%
	OZK	F	0.04%	-0.42%	-0.42%
	PAG	D	0.03%	0.41%	0.03%
	PAYC	D	0.01%	0.46%	0.01%
	PAYX	C	0.06%	0.44%	0.06%
	PCAR	D	0.11%	0.45%	0.11%
	PCTY	D	0.01%	0.44%	0.01%
	PEN	D	0.0%	-0.41%	-0.41%
	PENN	D	0.03%	-0.42%	-0.42%
	PFE	D	0.86%	0.44%	0.44%
	PFGC	B	0.11%	-0.45%	-0.45%
	PGR	C	0.19%	0.45%	0.19%
	PKG	B	0.04%	0.44%	0.04%
	PLD	C	0.15%	-0.43%	-0.43%
	PNFP	C	0.02%	-0.43%	-0.43%
	PNM	B	0.02%	0.45%	0.02%
	PNW	C	0.05%	0.44%	0.05%
	PODD	C	0.01%	-0.54%	-0.54%
	POWI	F	0.0%	-0.41%	-0.41%
	PWR	B	0.04%	-0.46%	-0.46%
	PYPL	B	0.18%	-0.47%	-0.47%
	REG	C	0.04%	0.44%	0.04%
	RF	B	0.11%	-0.43%	-0.43%
	RGA	C	0.13%	0.45%	0.13%
	RGEN	F	0.01%	-0.42%	-0.42%
	RH	C	0.01%	-0.56%	-0.56%
	RLI	B	0.01%	0.44%	0.01%
	RMBS	F	0.0%	-0.37%	-0.37%
	RMD	C	0.03%	-0.45%	-0.45%
	RNR	B	0.05%	0.46%	0.05%
	ROP	C	0.05%	0.45%	0.05%
	RRC	D	0.03%	-0.45%	-0.45%
	RSG	D	0.09%	0.42%	0.09%
	RTX	B	0.46%	0.43%	0.43%
	RUN	D	0.02%	-0.39%	-0.39%
	RYN	C	0.01%	-0.46%	-0.46%
	SAIA	D	0.01%	-0.51%	-0.51%
	SAIC	C	0.02%	0.45%	0.02%
	SBRA	C	0.02%	0.48%	0.02%
	SCHW	D	0.22%	-0.44%	-0.44%
	SEDG	F	0.0%	-0.36%	-0.36%
	SEE	C	0.01%	-0.45%	-0.45%
	SFM	B	0.02%	0.46%	0.02%
	SHW	B	0.06%	-0.47%	-0.47%
	SIGI	D	0.02%	0.44%	0.02%
	SLGN	B	0.02%	0.43%	0.02%
	SMCI	F	0.01%	-0.38%	-0.38%
	SMG	B	0.01%	-0.5%	-0.5%
	SNA	B	0.03%	0.44%	0.03%
	SNV	D	0.03%	-0.42%	-0.42%
	SNX	C	0.08%	0.41%	0.08%
	SSD	C	0.01%	-0.45%	-0.45%
	ST	D	0.02%	0.4%	0.02%
	T	B	1.37%	0.47%	0.47%
	TDY	B	0.03%	0.44%	0.03%
	TER	C	0.02%	-0.41%	-0.41%
	TFX	B	0.02%	-0.45%	-0.45%
	TGNA	C	0.03%	0.45%	0.03%
	TGT	C	0.23%	-0.43%	-0.43%
	THG	C	0.02%	0.46%	0.02%
	THO	C	0.03%	-0.44%	-0.44%
	TJX	C	0.17%	0.42%	0.17%
	TMUS	B	0.4%	0.41%	0.4%
	TOL	A	0.05%	-0.47%	-0.47%
	TREX	F	0.01%	-0.46%	-0.46%
	TROW	C	0.07%	-0.44%	-0.44%
	TRV	C	0.18%	0.46%	0.18%
	TSLA	C	0.48%	-0.52%	-0.52%
	TT	B	0.08%	-0.47%	-0.47%
	TXRH	B	0.01%	0.45%	0.01%
	TXT	D	0.04%	0.42%	0.04%
	UBER	C	0.09%	-0.47%	-0.47%
	UGI	B	0.04%	-0.44%	-0.44%
	UNH	C	1.16%	0.41%	0.41%
	UNM	B	0.09%	0.45%	0.09%
	URI	B	0.07%	-0.49%	-0.49%
	USB	C	0.37%	-0.43%	-0.43%
	USFD	C	0.07%	-0.46%	-0.46%
	UTHR	B	0.04%	0.44%	0.04%
	VFC	B	0.05%	0.45%	0.05%
	VICI	C	0.1%	0.43%	0.1%
	VNO	B	0.05%	-0.5%	-0.5%
	VRSN	C	0.02%	0.43%	0.02%
	VST	B	0.08%	-0.57%	-0.57%
	VTRS	D	0.12%	0.42%	0.12%
	VZ	A	1.66%	0.46%	0.46%
	WBA	F	0.05%	-0.39%	-0.39%
	WCC	C	0.04%	-0.45%	-0.45%
	WEC	B	0.1%	0.43%	0.1%
	WELL	C	0.12%	0.46%	0.12%
	WEN	C	0.01%	0.44%	0.01%
	WH	B	0.01%	0.44%	0.01%
	WM	D	0.09%	0.42%	0.09%
	WMS	D	0.01%	-0.42%	-0.42%
	WOLF	F	0.0%	-0.29%	-0.29%
	WPC	C	0.05%	0.45%	0.05%
	WRB	D	0.05%	0.41%	0.05%
	WTW	B	0.06%	0.41%	0.06%
	X	F	0.08%	0.42%	0.08%
	XEL	B	0.14%	0.45%	0.14%
	XOM	D	2.01%	0.42%	0.42%
	XPO	D	0.03%	-0.42%	-0.42%
	YUM	B	0.03%	0.42%	0.03%
	ZI	D	0.0%	0.45%	0.0%
	ZION	D	0.06%	-0.42%	-0.42%

VLU Overweight 1105 Positions Relative to BTAL

	Symbol	Grade	Weight
	BRK.A	C	2.41%
	AAPL	C	2.39%
	AMZN	C	1.96%
	META	B	1.77%
	WMT	B	1.74%
	BAC	D	1.41%
	JPM	D	1.38%
	CVX	F	1.28%
	GOOG	D	1.16%
	C	C	1.05%
	WFC	D	1.01%
	GOOGL	D	0.71%
	CVS	D	0.64%
	CMCSA	C	0.61%
	PM	C	0.55%
	COF	B	0.52%
	MPC	F	0.52%
	PG	C	0.52%
	GS	B	0.52%
	HD	B	0.51%
	MS	B	0.5%
	GM	C	0.5%
	TFC	D	0.5%
	PSX	F	0.49%
	MET	B	0.43%
	COP	F	0.42%
	ORCL	B	0.42%
	V	C	0.4%
	PRU	C	0.39%
	VLO	F	0.39%
	MRK	F	0.38%
	PNC	C	0.38%
	NEE	B	0.38%
	PEP	D	0.37%
	UPS	D	0.36%
	MDT	B	0.35%
	AXP	B	0.35%
	MO	C	0.33%
	SO	B	0.32%
	CHTR	D	0.29%
	MMM	B	0.29%
	GE	C	0.29%
	COST	C	0.29%
	BK	B	0.28%
	DIS	D	0.27%
	ADM	D	0.27%
	AIG	D	0.25%
	ABT	C	0.25%
	EOG	D	0.24%
	QCOM	D	0.24%
	UNP	D	0.24%
	LLY	D	0.24%
	CAT	B	0.24%
	TXN	B	0.24%
	CAH	C	0.24%
	FDX	D	0.23%
	DE	A	0.23%
	HCA	B	0.23%
	LOW	B	0.23%
	CRM	C	0.23%
	HPE	C	0.22%
	LYB	D	0.22%
	MDLZ	C	0.22%
	SW	B	0.22%
	AFL	A	0.22%
	KVUE	B	0.22%
	EXC	B	0.21%
	LIN	B	0.2%
	DOW	C	0.19%
	ADBE	F	0.18%
	TMO	B	0.18%
	SYF	C	0.18%
	PFG	B	0.17%
	NFLX	B	0.17%
	SRE	B	0.17%
	AEP	C	0.17%
	REGN	D	0.16%
	AMT	C	0.16%
	WMB	C	0.16%
	WBD	D	0.16%
	BBY	A	0.16%
	JCI	B	0.15%
	IP	C	0.15%
	UAL	B	0.15%
	TSN	D	0.15%
	MTB	C	0.15%
	LUV	C	0.15%
	EMR	D	0.14%
	SLB	F	0.14%
	STT	B	0.14%
	DFS	C	0.14%
	NKE	D	0.14%
	APD	B	0.14%
	PEG	B	0.14%
	ETR	A	0.14%
	BA	F	0.14%
	ADI	C	0.14%
	KEY	C	0.14%
	SBUX	C	0.14%
	LEN	B	0.14%
	KDP	B	0.13%
	DHI	C	0.13%
	SPGI	C	0.13%
	MA	B	0.13%
	DHR	B	0.13%
	NUE	D	0.12%
	SYY	C	0.12%
	NSC	C	0.12%
	CMI	B	0.12%
	AMAT	D	0.12%
	OKE	C	0.12%
	PCG	C	0.12%
	FIS	C	0.11%
	EIX	B	0.11%
	BKNG	B	0.11%
	VRTX	D	0.11%
	KMB	C	0.11%
	BSX	B	0.11%
	HBAN	B	0.11%
	CCI	C	0.11%
	FITB	B	0.11%
	ICE	C	0.11%
	LHX	C	0.1%
	ISRG	C	0.1%
	TEL	D	0.1%
	DTE	A	0.1%
	AMP	B	0.1%
	CL	C	0.1%
	MAR	B	0.09%
	CTVA	B	0.09%
	SYK	C	0.09%
	BDX	D	0.09%
	TAP	D	0.09%
	PH	B	0.09%
	OVV	F	0.09%
	ES	B	0.09%
	ITW	B	0.09%
	PPL	A	0.09%
	BIIB	F	0.09%
	EBAY	B	0.09%
	PSA	C	0.08%
	HAL	F	0.08%
	CHK	C	0.08%
	DVA	B	0.08%
	AFG	C	0.08%
	CAG	B	0.08%
	FNF	B	0.08%
	VTR	C	0.08%
	HRL	F	0.08%
	K	A	0.08%
	MRO	D	0.08%
	OMC	B	0.07%
	SWN	C	0.07%
	RCL	B	0.07%
	ATO	B	0.07%
	NDAQ	C	0.07%
	EQH	C	0.07%
	PHM	B	0.07%
	IVZ	B	0.07%
	CNP	C	0.07%
	NVR	B	0.07%
	WY	C	0.07%
	STLD	C	0.07%
	FE	B	0.07%
	EVRG	B	0.07%
	LAD	B	0.07%
	MHK	B	0.07%
	TRGP	C	0.07%
	CHRD	F	0.07%
	EQIX	B	0.07%
	NXPI	D	0.07%
	BEN	F	0.06%
	IQV	D	0.06%
	UHS	C	0.06%
	JXN	B	0.06%
	GRMN	D	0.06%
	KLAC	D	0.06%
	R	C	0.06%
	CTRA	F	0.06%
	HES	F	0.06%
	INTU	D	0.06%
	IFF	A	0.06%
	STWD	B	0.06%
	NI	B	0.06%
	LVS	C	0.06%
	SPG	B	0.06%
	APH	C	0.06%
	NOW	C	0.06%
	GPN	D	0.06%
	APTV	D	0.06%
	BAX	C	0.06%
	ABNB	D	0.06%
	SWK	B	0.06%
	PANW	D	0.06%
	LUMN	C	0.06%
	HSY	D	0.06%
	AAL	D	0.06%
	PPG	C	0.06%
	THC	C	0.06%
	ROST	C	0.06%
	INVH	D	0.05%
	BALL	C	0.05%
	SWKS	F	0.05%
	FHN	D	0.05%
	APA	F	0.05%
	ECL	B	0.05%
	LDOS	A	0.05%
	RS	D	0.05%
	WDC	C	0.05%
	JBL	C	0.05%
	COLB	B	0.05%
	ZBH	F	0.05%
	EMN	B	0.05%
	SJM	C	0.05%
	WHR	C	0.05%
	ZTS	B	0.05%
	EXR	C	0.05%
	DOC	B	0.05%
	MCHP	D	0.05%
	RJF	C	0.05%
	GWW	B	0.05%
	COOP	C	0.05%
	STZ	C	0.05%
	AJG	D	0.05%
	JEF	C	0.05%
	MNST	D	0.05%
	LEA	D	0.05%
	DG	F	0.05%
	TSCO	B	0.04%
	HWM	B	0.04%
	FAST	C	0.04%
	OGS	B	0.04%
	WU	C	0.04%
	BKH	B	0.04%
	VLY	D	0.04%
	A	C	0.04%
	CPAY	B	0.04%
	M	F	0.04%
	TKO	A	0.04%
	DLR	B	0.04%
	CDW	D	0.04%
	ROK	D	0.04%
	TMHC	B	0.04%
	GAP	F	0.04%
	CPT	C	0.04%
	EXPD	B	0.04%
	IPG	C	0.04%
	NTAP	D	0.04%
	BERY	B	0.04%
	CTAS	C	0.04%
	AN	C	0.04%
	VOYA	B	0.04%
	ABG	D	0.04%
	WLK	C	0.04%
	AL	C	0.04%
	WAB	B	0.04%
	DLTR	F	0.04%
	HST	D	0.04%
	CNX	B	0.04%
	MAA	C	0.04%
	EA	D	0.04%
	FOX	B	0.04%
	OGN	D	0.04%
	SNPS	F	0.04%
	PARA	D	0.04%
	MCO	C	0.04%
	IRM	C	0.04%
	STX	B	0.04%
	ALK	B	0.04%
	CIVI	F	0.04%
	ESS	C	0.04%
	GPI	B	0.04%
	EWBC	C	0.04%
	CFR	C	0.03%
	HOLX	D	0.03%
	WSM	C	0.03%
	HWC	D	0.03%
	NOV	F	0.03%
	FLR	D	0.03%
	CUZ	C	0.03%
	BIO	C	0.03%
	GHC	B	0.03%
	FNB	D	0.03%
	CUBE	C	0.03%
	CSL	B	0.03%
	CNK	C	0.03%
	BKU	D	0.03%
	MTG	B	0.03%
	SKX	C	0.03%
	EME	B	0.03%
	CALM	B	0.03%
	BRX	C	0.03%
	HCC	D	0.03%
	BURL	C	0.03%
	SON	D	0.03%
	AMH	D	0.03%
	XYL	C	0.03%
	NXST	D	0.03%
	RDN	D	0.03%
	MLI	B	0.03%
	WTRG	D	0.03%
	HOG	C	0.03%
	TDG	B	0.03%
	SATS	C	0.03%
	PB	D	0.03%
	ODFL	D	0.03%
	CATY	C	0.03%
	NNN	B	0.03%
	RL	B	0.03%
	MAS	B	0.03%
	KD	F	0.03%
	HUBB	B	0.03%
	GDDY	C	0.03%
	NFG	B	0.03%
	HP	F	0.03%
	ASB	D	0.03%
	NCLH	B	0.03%
	APLE	C	0.03%
	ABM	D	0.03%
	HSIC	C	0.03%
	PK	D	0.03%
	NWSA	D	0.03%
	DEI	B	0.03%
	GEHC	B	0.03%
	POST	B	0.03%
	GPK	C	0.03%
	MTZ	C	0.03%
	OGE	B	0.03%
	VMC	C	0.03%
	NOG	F	0.03%
	HAS	B	0.03%
	ACM	B	0.03%
	ULTA	D	0.03%
	MLM	D	0.03%
	AGCO	D	0.03%
	BXMT	C	0.03%
	GNW	C	0.03%
	SF	B	0.03%
	ONB	D	0.03%
	IT	C	0.03%
	HII	F	0.03%
	PBF	F	0.03%
	JBHT	D	0.03%
	BJ	D	0.03%
	UDR	C	0.03%
	CASY	D	0.03%
	TPR	A	0.03%
	CMC	D	0.03%
	CLX	C	0.03%
	ADSK	B	0.03%
	CPRT	D	0.03%
	KNX	C	0.03%
	MPW	C	0.03%
	WSO	C	0.03%
	FTV	C	0.03%
	AME	C	0.03%
	HIW	C	0.03%
	SANM	D	0.03%
	FSLR	C	0.03%
	INGR	B	0.03%
	KEYS	B	0.03%
	CNO	C	0.03%
	FAF	B	0.03%
	DXC	D	0.03%
	LKQ	F	0.03%
	GL	D	0.03%
	WBS	C	0.03%
	DOV	B	0.03%
	OTIS	B	0.03%
	KIM	C	0.03%
	KFY	C	0.02%
	REZI	D	0.02%
	NWBI	D	0.02%
	MLKN	F	0.02%
	AVA	B	0.02%
	NJR	C	0.02%
	RGLD	C	0.02%
	ASH	F	0.02%
	DY	C	0.02%
	STAG	D	0.02%
	VVV	D	0.02%
	MGY	D	0.02%
	FULT	D	0.02%
	LEG	D	0.02%
	ANDE	D	0.02%
	ALLE	B	0.02%
	SLM	C	0.02%
	SLVM	C	0.02%
	IIPR	B	0.02%
	PDCO	F	0.02%
	EXEL	C	0.02%
	TTEK	C	0.02%
	KAR	D	0.02%
	FR	C	0.02%
	PEB	D	0.02%
	GEF	C	0.02%
	MTN	D	0.02%
	PPC	D	0.02%
	ABCB	C	0.02%
	MOG.A	B	0.02%
	MIDD	C	0.02%
	GBX	D	0.02%
	LBRT	F	0.02%
	CPRI	D	0.02%
	MMS	B	0.02%
	GNL	D	0.02%
	RUSHA	C	0.02%
	BYD	C	0.02%
	TKR	C	0.02%
	AOS	B	0.02%
	KRG	C	0.02%
	IDA	B	0.02%
	BHE	C	0.02%
	NATL	D	0.02%
	GBCI	C	0.02%
	AGO	D	0.02%
	WYNN	C	0.02%
	ASO	D	0.02%
	SKYW	C	0.02%
	TTWO	D	0.02%
	JBGS	C	0.02%
	VLTO	B	0.02%
	NDSN	C	0.02%
	BCC	C	0.02%
	CRC	C	0.02%
	POR	B	0.02%
	WWD	C	0.02%
	VSCO	C	0.02%
	RRX	C	0.02%
	REXR	C	0.02%
	CBT	B	0.02%
	AUB	D	0.02%
	GXO	D	0.02%
	JBLU	C	0.02%
	OI	D	0.02%
	PTC	C	0.02%
	PRI	B	0.02%
	MATX	B	0.02%
	UMBF	C	0.02%
	SLG	C	0.02%
	CROX	C	0.02%
	VSTS	D	0.02%
	CIEN	B	0.02%
	MHO	B	0.02%
	LII	C	0.02%
	ADNT	D	0.02%
	WAT	B	0.02%
	BANC	C	0.02%
	ATI	C	0.02%
	VGR	C	0.02%
	RNST	D	0.02%
	HLT	B	0.02%
	BANR	C	0.02%
	SR	B	0.02%
	ALE	A	0.02%
	PVH	D	0.02%
	BC	C	0.02%
	FHB	D	0.02%
	EVR	B	0.02%
	SWX	C	0.02%
	TRMB	C	0.02%
	TYL	C	0.02%
	PRGO	F	0.02%
	AM	B	0.02%
	AVNT	B	0.02%
	CBSH	D	0.02%
	HOMB	D	0.02%
	IBOC	D	0.02%
	SBAC	C	0.02%
	WFRD	F	0.02%
	EHC	B	0.02%
	TDS	B	0.02%
	URBN	F	0.02%
	IBTX	C	0.02%
	RHI	D	0.02%
	OLN	D	0.02%
	TCBI	C	0.02%
	PNR	B	0.02%
	ENVA	C	0.02%
	CRS	C	0.02%
	RPM	B	0.02%
	ARCH	D	0.02%
	SNEX	C	0.02%
	WAFD	D	0.02%
	SEM	D	0.02%
	OSK	F	0.02%
	FFBC	D	0.02%
	PFS	C	0.02%
	QRVO	F	0.02%
	AAP	F	0.02%
	SIG	C	0.02%
	KEX	C	0.02%
	MTD	C	0.02%
	COKE	C	0.02%
	ESNT	B	0.02%
	FL	F	0.02%
	DTM	C	0.02%
	JWN	C	0.02%
	BR	C	0.02%
	IR	B	0.02%
	TPH	C	0.02%
	H	B	0.02%
	UBSI	D	0.02%
	AVY	C	0.02%
	GT	F	0.02%
	ALV	F	0.02%
	CLF	F	0.02%
	CADE	C	0.02%
	CEIX	C	0.02%
	INCY	C	0.02%
	WTFC	C	0.02%
	PII	D	0.02%
	PR	F	0.02%
	NSIT	C	0.02%
	LNW	F	0.02%
	CWK	B	0.02%
	BTU	C	0.02%
	UFPI	C	0.02%
	HBI	A	0.02%
	ZBRA	B	0.02%
	AMG	C	0.02%
	SCI	C	0.02%
	MTH	C	0.02%
	PRG	C	0.02%
	SFNC	C	0.02%
	STE	B	0.02%
	SSB	C	0.02%
	CDNS	D	0.02%
	SM	F	0.02%
	CR	B	0.02%
	TRN	C	0.02%
	ANSS	D	0.02%
	KBH	C	0.02%
	BHF	F	0.02%
	ABR	B	0.02%
	ROCK	D	0.01%
	GES	F	0.01%
	TECH	C	0.01%
	EZPW	D	0.01%
	APOG	B	0.01%
	MCRI	B	0.01%
	HAE	D	0.01%
	MSGS	B	0.01%
	ALEX	C	0.01%
	NEOG	D	0.01%
	FBNC	C	0.01%
	SHAK	C	0.01%
	JBT	C	0.01%
	SCL	D	0.01%
	MYRG	F	0.01%
	NBHC	D	0.01%
	CVLT	B	0.01%
	CUBI	F	0.01%
	ESAB	C	0.01%
	BRKR	D	0.01%
	SOLV	D	0.01%
	SAFT	D	0.01%
	MRCY	C	0.01%
	MMI	C	0.01%
	NGVT	D	0.01%
	AAT	C	0.01%
	KREF	C	0.01%
	CHCO	D	0.01%
	MYGN	D	0.01%
	AWR	C	0.01%
	CHEF	C	0.01%
	VIR	F	0.01%
	AZZ	C	0.01%
	CAL	F	0.01%
	UCTT	D	0.01%
	GDOT	D	0.01%
	BGS	D	0.01%
	XHR	B	0.01%
	AMWD	C	0.01%
	ESE	B	0.01%
	RDNT	B	0.01%
	HCSG	D	0.01%
	AIN	F	0.01%
	TDC	D	0.01%
	FORM	F	0.01%
	FIZZ	D	0.01%
	LGND	D	0.01%
	GFF	C	0.01%
	SMPL	D	0.01%
	CORT	B	0.01%
	RES	D	0.01%
	HWKN	B	0.01%
	PLAB	D	0.01%
	EPC	F	0.01%
	HLX	D	0.01%
	HAIN	C	0.01%
	EFC	C	0.01%
	NVRI	D	0.01%
	SYNA	D	0.01%
	ZD	D	0.01%
	DNOW	F	0.01%
	STRA	F	0.01%
	DRH	C	0.01%
	CWT	D	0.01%
	RCM	C	0.01%
	WRLD	D	0.01%
	WST	D	0.01%
	CPK	B	0.01%
	FSS	D	0.01%
	ENR	D	0.01%
	KNF	C	0.01%
	MODG	F	0.01%
	YELP	D	0.01%
	GTY	C	0.01%
	HPP	F	0.01%
	KALU	D	0.01%
	AWI	B	0.01%
	SKT	B	0.01%
	CFFN	D	0.01%
	EIG	C	0.01%
	TMP	D	0.01%
	SBCF	D	0.01%
	SXC	F	0.01%
	BKE	B	0.01%
	NHC	D	0.01%
	JJSF	B	0.01%
	HXL	F	0.01%
	INN	B	0.01%
	KN	D	0.01%
	CGNX	F	0.01%
	CVI	F	0.01%
	ASIX	B	0.01%
	TPX	B	0.01%
	BRBR	B	0.01%
	CASH	D	0.01%
	MMSI	C	0.01%
	KWR	D	0.01%
	AVNS	C	0.01%
	KLIC	D	0.01%
	CARG	C	0.01%
	MASI	C	0.01%
	OLED	D	0.01%
	NBR	F	0.01%
	EGBN	D	0.01%
	NOVT	D	0.01%
	HI	F	0.01%
	SCHL	D	0.01%
	MGEE	C	0.01%
	MORN	C	0.01%
	MNRO	C	0.01%
	OSIS	C	0.01%
	SHO	C	0.01%
	EXLS	B	0.01%
	FELE	B	0.01%
	SVC	F	0.01%
	B	C	0.01%
	MEDP	F	0.01%
	AMED	D	0.01%
	ONTO	C	0.01%
	CPF	C	0.01%
	VNT	F	0.01%
	MC	C	0.01%
	LANC	F	0.01%
	FCPT	C	0.01%
	ALKS	D	0.01%
	IOSP	F	0.01%
	AVAV	C	0.01%
	TBBK	C	0.01%
	CVCO	B	0.01%
	OII	D	0.01%
	VC	F	0.01%
	PJT	B	0.01%
	MTSI	C	0.01%
	ROIC	C	0.01%
	IPGP	D	0.01%
	HALO	D	0.01%
	DORM	C	0.01%
	AXL	F	0.01%
	PLUS	B	0.01%
	STC	C	0.01%
	OMCL	C	0.01%
	LTC	C	0.01%
	FTDR	B	0.01%
	KELYA	D	0.01%
	UE	C	0.01%
	BCPC	C	0.01%
	BRKL	C	0.01%
	DLX	F	0.01%
	BLMN	F	0.01%
	CBRL	D	0.01%
	WD	B	0.01%
	AHCO	C	0.01%
	IBP	C	0.01%
	SPTN	C	0.01%
	ARCB	D	0.01%
	HMN	C	0.01%
	AROC	D	0.01%
	DOCS	B	0.01%
	ENOV	F	0.01%
	PUMP	F	0.01%
	VSAT	F	0.01%
	LXP	C	0.01%
	FBK	C	0.01%
	MATV	D	0.01%
	HASI	C	0.01%
	MTX	D	0.01%
	NBIX	F	0.01%
	ORA	B	0.01%
	UNF	B	0.01%
	FCF	D	0.01%
	MD	C	0.01%
	AMN	F	0.01%
	CRI	D	0.01%
	DIOD	F	0.01%
	LGIH	D	0.01%
	ETSY	D	0.01%
	WGO	D	0.01%
	VSTO	C	0.01%
	OFG	C	0.01%
	SXT	B	0.01%
	KMT	B	0.01%
	AKR	B	0.01%
	SFBS	C	0.01%
	DCOM	C	0.01%
	UNFI	B	0.01%
	DT	C	0.01%
	ICUI	C	0.01%
	NWS	D	0.01%
	PINC	D	0.01%
	ODP	F	0.01%
	HGV	F	0.01%
	SCVL	C	0.01%
	CAKE	B	0.01%
	ANF	D	0.01%
	DXCM	F	0.01%
	OTTR	F	0.01%
	PHIN	C	0.01%
	ITGR	C	0.01%
	SHOO	B	0.01%
	APAM	C	0.01%
	BOOT	B	0.01%
	TTMI	D	0.01%
	RXO	D	0.01%
	EXPI	C	0.01%
	RWT	C	0.01%
	NPO	C	0.01%
	SAH	D	0.01%
	NSP	F	0.01%
	CENTA	F	0.01%
	CRK	C	0.01%
	BDN	C	0.01%
	IDCC	B	0.01%
	PIPR	B	0.01%
	IRT	C	0.01%
	FWRD	D	0.01%
	BOH	D	0.01%
	SBSI	D	0.01%
	LOPE	D	0.01%
	WTS	C	0.01%
	LNTH	D	0.01%
	GVA	B	0.01%
	PECO	C	0.01%
	PARR	F	0.01%
	PRK	D	0.01%
	NBTB	D	0.01%
	PBH	C	0.01%
	BRC	B	0.01%
	ROL	C	0.01%
	ENSG	D	0.01%
	BHLB	C	0.01%
	DPZ	D	0.01%
	PCH	C	0.01%
	XRX	D	0.01%
	CNXN	B	0.01%
	SHC	C	0.01%
	WSFS	D	0.01%
	MAT	D	0.01%
	KLG	D	0.01%
	NYT	B	0.01%
	TEX	F	0.01%
	STBA	D	0.01%
	LRN	B	0.01%
	SCSC	D	0.01%
	LPG	F	0.01%
	WS	D	0.01%
	ITRI	C	0.01%
	WWW	A	0.01%
	SABR	C	0.01%
	LZB	C	0.01%
	POOL	C	0.01%
	MKTX	D	0.01%
	CTRE	C	0.01%
	BGC	D	0.01%
	EGP	C	0.01%
	FFIN	C	0.01%
	RBC	B	0.01%
	FDP	C	0.01%
	FN	C	0.01%
	VAL	F	0.01%
	OPCH	C	0.01%
	FHI	B	0.01%
	CCS	C	0.01%
	DAN	D	0.01%
	KW	C	0.01%
	PBI	C	0.01%
	PSTG	F	0.01%
	FUL	D	0.01%
	GMS	C	0.01%
	THS	C	0.01%
	OUT	B	0.01%
	XRAY	D	0.01%
	OMI	D	0.01%
	ECPG	D	0.01%
	PATK	C	0.01%
	LECO	D	0.01%
	BDC	B	0.01%
	NSA	C	0.01%
	CCOI	C	0.01%
	TTC	F	0.01%
	LW	D	0.01%
	TRMK	D	0.01%
	LCII	C	0.01%
	CBU	D	0.01%
	GGG	C	0.01%
	WERN	C	0.01%
	PSMT	B	0.01%
	EPR	C	0.01%
	ACIW	B	0.01%
	AEO	D	0.01%
	LSTR	D	0.01%
	SBH	B	0.01%
	DEA	D	0.01%
	VRSK	D	0.01%
	RC	F	0.01%
	VAC	D	0.01%
	NVST	D	0.01%
	GIII	D	0.01%
	AMR	D	0.01%
	UA	C	0.01%
	NWN	B	0.01%
	HNI	C	0.01%
	ACA	B	0.01%
	SRCL	B	0.01%
	AYI	B	0.01%
	UCBI	B	0.01%
	INVA	C	0.01%
	GNTX	D	0.01%
	PMT	C	0.01%
	MSCI	C	0.01%
	INDB	D	0.01%
	ATGE	C	0.01%
	GRBK	B	0.01%
	HLI	C	0.01%
	EPAM	F	0.01%
	VSH	F	0.01%
	ARI	F	0.01%
	AIT	B	0.01%
	EAT	C	0.01%
	UAA	C	0.01%
	IEX	C	0.01%
	VMI	C	0.01%
	FDS	C	0.01%
	CHDN	D	0.01%
	AX	D	0.01%
	FBP	C	0.01%
	LFUS	C	0.01%
	DCI	C	0.01%
	EPRT	B	0.01%
	NAVI	D	0.01%
	JKHY	B	0.01%
	UVV	D	0.01%
	CXW	F	0.01%
	ACHC	D	0.01%
	BCO	B	0.01%
	GMED	D	0.01%
	ATR	B	0.01%
	BANF	C	0.01%
	PTEN	F	0.01%
	VBTX	C	0.01%
	FIX	B	0.01%
	PLXS	B	0.01%
	WEX	C	0.01%
	KTB	B	0.01%
	WOR	F	0.01%
	CABO	F	0.01%
	PPBI	D	0.01%
	MCY	C	0.01%
	CVBF	D	0.01%
	KMPR	D	0.01%
	FLS	C	0.01%
	ENS	C	0.01%
	CTLT	B	0.01%
	NMIH	C	0.01%
	EEFT	F	0.01%
	CRUS	D	0.01%
	TNL	C	0.01%
	FICO	B	0.01%
	TALO	F	0.01%
	HUBG	C	0.01%
	HTH	D	0.01%
	GATX	D	0.01%
	MAC	B	0.01%
	SEIC	B	0.01%
	HOPE	D	0.01%
	SPNT	D	0.01%
	GEO	F	0.01%
	FRT	C	0.01%
	VICR	C	0.0%
	NPK	D	0.0%
	DDD	D	0.0%
	XPEL	D	0.0%
	CHUY	C	0.0%
	NARI	F	0.0%
	LESL	F	0.0%
	AGYS	D	0.0%
	VREX	F	0.0%
	VCEL	F	0.0%
	GOGO	F	0.0%
	RILY	F	0.0%
	MSEX	C	0.0%
	PCRX	F	0.0%
	PGNY	F	0.0%
	EMBC	D	0.0%
	CLB	D	0.0%
	TTGT	F	0.0%
	STAA	D	0.0%
	SNCY	D	0.0%
	CHCT	F	0.0%
	CERT	F	0.0%
	COHU	F	0.0%
	TGI	F	0.0%
	RGNX	F	0.0%
	HCI	C	0.0%
	CRSR	D	0.0%
	LQDT	C	0.0%
	CEVA	C	0.0%
	CMP	D	0.0%
	SITM	B	0.0%
	ICHR	D	0.0%
	AAON	B	0.0%
	BMI	B	0.0%
	NABL	F	0.0%
	SSTK	F	0.0%
	BJRI	D	0.0%
	NUS	F	0.0%
	TNDM	D	0.0%
	JBSS	F	0.0%
	NXRT	D	0.0%
	DGII	D	0.0%
	HVT	F	0.0%
	GKOS	C	0.0%
	MXL	D	0.0%
	MYE	F	0.0%
	DV	F	0.0%
	TRUP	D	0.0%
	ASTE	F	0.0%
	EPAC	B	0.0%
	CTS	D	0.0%
	PRLB	F	0.0%
	CARS	F	0.0%
	WSR	D	0.0%
	IIIN	F	0.0%
	CYTK	F	0.0%
	IRWD	F	0.0%
	VVI	C	0.0%
	AHH	D	0.0%
	SXI	C	0.0%
	JACK	F	0.0%
	CPRX	C	0.0%
	SLAB	D	0.0%
	SHEN	F	0.0%
	PRVA	F	0.0%
	CENT	F	0.0%
	XNCR	D	0.0%
	USNA	F	0.0%
	CCRN	F	0.0%
	GPRE	F	0.0%
	HSII	C	0.0%
	PZZA	D	0.0%
	RGR	F	0.0%
	TNC	D	0.0%
	COLL	C	0.0%
	VECO	F	0.0%
	SONO	F	0.0%
	LNN	C	0.0%
	YETI	D	0.0%
	MTUS	F	0.0%
	THRY	F	0.0%
	THRM	F	0.0%
	HRMY	B	0.0%
	KNSL	D	0.0%
	KOP	F	0.0%
	WING	C	0.0%
	ALG	D	0.0%
	EXTR	C	0.0%
	SGH	D	0.0%
	AMCX	F	0.0%
	SPSC	D	0.0%
	WDFC	C	0.0%
	QLYS	D	0.0%
	MCW	F	0.0%
	HTLD	F	0.0%
	IRDM	C	0.0%
	ALRM	F	0.0%
	GDEN	D	0.0%
	VIAV	C	0.0%
	AMSF	C	0.0%
	CSGS	C	0.0%
	BSIG	C	0.0%
	MATW	F	0.0%
	SJW	F	0.0%
	WABC	D	0.0%
	MERC	D	0.0%
	WNC	F	0.0%
	ZEUS	F	0.0%
	EYE	F	0.0%
	USPH	F	0.0%
	LIVN	D	0.0%
	CVGW	C	0.0%
	AMPH	D	0.0%
	BLKB	C	0.0%
	MOV	F	0.0%
	DXPE	C	0.0%
	CNMD	D	0.0%
	RAMP	F	0.0%
	DBI	F	0.0%
	NX	F	0.0%
	TILE	C	0.0%
	REX	D	0.0%
	NVEE	F	0.0%
	DFIN	D	0.0%
	MGPI	F	0.0%
	RCUS	D	0.0%
	CENX	C	0.0%
	IART	F	0.0%
	PRGS	A	0.0%
	SMP	D	0.0%
	PLMR	C	0.0%
	OXM	F	0.0%
	LSCC	D	0.0%
	PRFT	B	0.0%
	DVAX	D	0.0%
	HAYN	D	0.0%
	DIN	D	0.0%
	UFPT	D	0.0%
	PLAY	D	0.0%
	HAYW	C	0.0%
	UHT	C	0.0%
	SAM	D	0.0%
	FLGT	F	0.0%
	EVTC	D	0.0%
	MRTN	D	0.0%
	PLNT	C	0.0%
	CNSL	A	0.0%
	EXPO	B	0.0%
	CRVL	B	0.0%
	LKFN	D	0.0%
	MANH	B	0.0%
	JOE	D	0.0%
	CALX	C	0.0%
	NTCT	C	0.0%
	AOSL	D	0.0%
	BOX	C	0.0%
	ROG	D	0.0%
	ENV	C	0.0%
	PRA	C	0.0%
	AMBC	F	0.0%
	HTZ	F	0.0%
	POWL	B	0.0%
	CLW	F	0.0%
	AZTA	F	0.0%
	HLIT	C	0.0%
	AIR	D	0.0%
	SUPN	D	0.0%
	MTRN	D	0.0%
	PRAA	F	0.0%
	ETH	D	0.0%
	PAHC	C	0.0%
	HFWA	D	0.0%
	ASTH	B	0.0%
	MP	C	0.0%
	VTOL	D	0.0%
	TRIP	F	0.0%
	HELE	D	0.0%
	ACLS	F	0.0%
	NEO	F	0.0%
	IPAR	D	0.0%
	ALGT	D	0.0%
	SMTC	C	0.0%
	TR	C	0.0%
	ALGM	D	0.0%
	HAFC	D	0.0%
	FTRE	F	0.0%
	UTL	C	0.0%
	PFBC	D	0.0%
	TWI	D	0.0%
	HZO	C	0.0%
	PRDO	D	0.0%
	UNIT	C	0.0%
	TRST	D	0.0%
	QNST	C	0.0%
	VRTS	F	0.0%
	UFCS	D	0.0%
	GO	F	0.0%
	ADUS	C	0.0%
	CSR	D	0.0%
	VRRM	D	0.0%
	BFS	B	0.0%
	FIVE	D	0.0%
	AEIS	D	0.0%

VLU Underweight 71 Positions Relative to BTAL

	Symbol	Grade	Weight
	MKL	C	-0.48%
	MSTR	C	-0.47%
	HEI	C	-0.46%
	RYAN	C	-0.45%
	AXS	B	-0.44%
	ALSN	B	-0.44%
	EDR	A	-0.44%
	DOX	C	-0.43%
	BILL	D	-0.42%
	LNG	D	-0.42%
	LPLA	D	-0.41%
	CFLT	F	-0.4%
	TNET	F	-0.4%
	AGL	F	-0.39%
	SRPT	F	-0.38%
	WTM	F	-0.35%
	BMRN	F	-0.33%
	BRZE	F	--0.31%
	RIVN	F	--0.35%
	COIN	F	--0.37%
	GH	F	--0.38%
	OPEN	F	--0.39%
	ZS	F	--0.39%
	RIG	F	--0.4%
	NVCR	F	--0.4%
	ELAN	D	--0.4%
	APG	F	--0.41%
	NTLA	F	--0.41%
	CRSP	F	--0.42%
	RKT	C	--0.42%
	MRVL	D	--0.44%
	AGNC	B	--0.44%
	SQ	D	--0.44%
	TXG	D	--0.44%
	NTRA	C	--0.44%
	SOFI	D	--0.44%
	PATH	D	--0.44%
	PINS	D	--0.44%
	NET	D	--0.45%
	HHH	C	--0.45%
	VEEV	C	--0.45%
	TTD	B	--0.46%
	HOOD	C	--0.46%
	FOUR	C	--0.46%
	RBLX	C	--0.46%
	WAL	B	--0.46%
	DELL	C	--0.46%
	KKR	B	--0.47%
	OWL	B	--0.47%
	CRWD	D	--0.47%
	PTON	C	--0.47%
	SNAP	D	--0.48%
	DKNG	C	--0.48%
	DASH	B	--0.48%
	TRU	B	--0.48%
	CVNA	B	--0.48%
	ROKU	D	--0.48%
	TOST	C	--0.49%
	TPG	C	--0.5%
	LYFT	D	--0.5%
	MDB	D	--0.51%
	SHLS	F	--0.51%
	IOT	C	--0.51%
	Z	C	--0.51%
	PLTR	C	--0.52%
	VRT	C	--0.53%
	DNLI	C	--0.53%
	W	C	--0.54%
	TDOC	D	--0.54%
	DUOL	C	--0.55%
	AFRM	D	--0.6%

VLU: Top Represented Industries & Keywords

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

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

BTAL: Top Represented Industries & Keywords

Industries: Software - Application Insurance - Property & Casualty Software - Infrastructure Biotechnology Semiconductors Utilities - Regulated Electric Asset Management Banks - Regional - US Specialty Retail Aerospace & Defense Business Services Oil & Gas E&P Building Materials Information Technology Services Restaurants Diagnostics & Research Drug Manufacturers - Major Health Care Plans Diversified Industrials Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Computing Insurance Products Electricity Real Estate Investment Trust Aerospace Chemical Semiconductor Telecommunications Banking Cloud Computing Electronics IBD 50 Medicine Bank Biotechnology Casualty Insurance