VLU vs. DFUV ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Dimensional US Marketwide Value ETF (DFUV)

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

$189.56

Average Daily Volume

7,982

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

DFUV

Dimensional US Marketwide Value ETF

DFUV Description

The investment seeks to achieve long-term capital appreciation. The US Marketwide Value ETF is designed to purchase a broad and diverse group of securities of U.S. companies that the Advisor determines to be value stocks. The Advisor considers companies of all market capitalizations for purchase by the Portfolio. The Portfolio may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Grade (RS Rating)

Last Trade

$43.00

Average Daily Volume

217,210

Number of Holdings ^*

1281

* may have additional holdings in another (foreign) market

Performance

Period	VLU	DFUV
30 Days	1.16%	0.82%
60 Days	4.94%	5.33%
90 Days	7.27%	6.74%
12 Months	29.99%	27.93%

882 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in DFUV	Overlap
AA	A	0.04%	0.03%	0.03%
ABCB	A	0.02%	0.04%	0.02%
ABG	A	0.04%	0.04%	0.04%
ABM	B	0.03%	0.03%	0.03%
ABT	B	0.24%	1.12%	0.24%
ACA	B	0.01%	0.04%	0.01%
ACGL	C	0.11%	0.2%	0.11%
ACHC	F	0.01%	0.02%	0.01%
ACIW	B	0.01%	0.05%	0.01%
ACLS	F	0.0%	0.0%	0.0%
ACM	B	0.03%	0.02%	0.02%
ADI	D	0.14%	0.53%	0.14%
ADM	D	0.21%	0.16%	0.16%
ADNT	F	0.02%	0.01%	0.01%
ADUS	D	0.0%	0.01%	0.0%
AEIS	B	0.01%	0.03%	0.01%
AEO	F	0.01%	0.03%	0.01%
AFG	A	0.08%	0.06%	0.06%
AFL	C	0.2%	0.3%	0.2%
AGCO	D	0.03%	0.05%	0.03%
AGO	A	0.02%	0.04%	0.02%
AHCO	D	0.01%	0.0%	0.0%
AIG	B	0.24%	0.35%	0.24%
AIN	C	0.01%	0.02%	0.01%
AIR	B	0.0%	0.02%	0.0%
AIT	A	0.02%	0.07%	0.02%
AIZ	A	0.04%	0.09%	0.04%
AKAM	F	0.03%	0.09%	0.03%
AL	A	0.04%	0.04%	0.04%
ALB	C	0.04%	0.08%	0.04%
ALG	B	0.0%	0.02%	0.0%
ALGN	D	0.02%	0.0%	0.0%
ALGT	A	0.01%	0.0%	0.0%
ALK	A	0.05%	0.05%	0.05%
ALKS	B	0.01%	0.01%	0.01%
ALL	A	0.15%	0.12%	0.12%
ALLY	C	0.09%	0.08%	0.08%
ALV	C	0.02%	0.07%	0.02%
AM	A	0.02%	0.05%	0.02%
AMBC	C	0.0%	0.0%	0.0%
AMCR	C	0.05%	0.1%	0.05%
AMD	F	0.13%	0.69%	0.13%
AME	A	0.04%	0.22%	0.04%
AMED	F	0.01%	0.0%	0.0%
AMG	A	0.02%	0.04%	0.02%
AMKR	F	0.02%	0.05%	0.02%
AMN	F	0.01%	0.0%	0.0%
AMPH	F	0.0%	0.0%	0.0%
AMR	C	0.01%	0.02%	0.01%
AMSF	A	0.0%	0.0%	0.0%
AMWD	B	0.01%	0.01%	0.01%
AN	D	0.04%	0.06%	0.04%
ANDE	C	0.01%	0.01%	0.01%
ANF	C	0.01%	0.03%	0.01%
AORT	B	0.0%	0.0%	0.0%
AOSL	F	0.0%	0.0%	0.0%
APA	F	0.04%	0.01%	0.01%
APD	A	0.14%	0.38%	0.14%
APOG	B	0.01%	0.02%	0.01%
APTV	F	0.05%	0.04%	0.04%
AR	B	0.04%	0.05%	0.04%
ARCB	C	0.01%	0.02%	0.01%
ARCH	B	0.03%	0.02%	0.02%
ARMK	C	0.05%	0.08%	0.05%
AROC	A	0.01%	0.03%	0.01%
ARW	D	0.06%	0.06%	0.06%
ASB	A	0.03%	0.03%	0.03%
ASGN	D	0.01%	0.04%	0.01%
ASH	F	0.01%	0.03%	0.01%
ASIX	B	0.01%	0.0%	0.0%
ASO	F	0.01%	0.03%	0.01%
ASTE	B	0.0%	0.01%	0.0%
ASTH	F	0.0%	0.0%	0.0%
ATGE	B	0.02%	0.03%	0.02%
ATI	D	0.02%	0.04%	0.02%
ATR	B	0.01%	0.09%	0.01%
AUB	A	0.02%	0.02%	0.02%
AVNS	F	0.01%	0.0%	0.0%
AVNT	A	0.02%	0.04%	0.02%
AVT	C	0.04%	0.04%	0.04%
AX	A	0.02%	0.03%	0.02%
AXL	C	0.01%	0.0%	0.0%
AXTA	A	0.02%	0.06%	0.02%
AYI	A	0.01%	0.09%	0.01%
AZTA	F	0.0%	0.01%	0.0%
AZZ	B	0.01%	0.02%	0.01%
B	A	0.01%	0.02%	0.01%
BAC	A	1.49%	1.41%	1.41%
BALL	D	0.04%	0.09%	0.04%
BANC	A	0.02%	0.0%	0.0%
BANF	A	0.02%	0.02%	0.02%
BANR	A	0.02%	0.02%	0.02%
BAX	F	0.06%	0.06%	0.06%
BBY	C	0.15%	0.0%	0.0%
BC	D	0.02%	0.04%	0.02%
BCC	B	0.02%	0.05%	0.02%
BDC	B	0.01%	0.04%	0.01%
BDX	F	0.08%	0.4%	0.08%
BEN	C	0.05%	0.02%	0.02%
BERY	D	0.04%	0.07%	0.04%
BFH	A	0.03%	0.02%	0.02%
BG	D	0.11%	0.1%	0.1%
BGS	F	0.0%	0.0%	0.0%
BHE	B	0.02%	0.02%	0.02%
BHF	A	0.03%	0.01%	0.01%
BHLB	A	0.01%	0.01%	0.01%
BIIB	F	0.08%	0.08%	0.08%
BIO	C	0.03%	0.02%	0.02%
BJRI	A	0.0%	0.01%	0.0%
BK	A	0.28%	0.38%	0.28%
BKE	A	0.01%	0.02%	0.01%
BKR	A	0.12%	0.26%	0.12%
BKU	A	0.03%	0.02%	0.02%
BLD	F	0.02%	0.05%	0.02%
BLDR	D	0.05%	0.13%	0.05%
BLMN	F	0.01%	0.0%	0.0%
BMY	B	0.34%	0.26%	0.26%
BOH	A	0.01%	0.01%	0.01%
BOOT	C	0.01%	0.04%	0.01%
BRBR	A	0.01%	0.02%	0.01%
BRC	C	0.01%	0.03%	0.01%
BRK.A	A	2.36%	3.14%	2.36%
BRKL	A	0.01%	0.01%	0.01%
BRKR	F	0.01%	0.02%	0.01%
BSX	B	0.11%	0.26%	0.11%
BTU	B	0.03%	0.03%	0.03%
BWA	A	0.07%	0.06%	0.06%
BYD	A	0.02%	0.0%	0.0%
C	A	1.11%	0.61%	0.61%
CACI	C	0.04%	0.1%	0.04%
CADE	A	0.03%	0.05%	0.03%
CAG	F	0.07%	0.08%	0.07%
CAKE	A	0.01%	0.0%	0.0%
CAL	D	0.0%	0.01%	0.0%
CALM	A	0.03%	0.03%	0.03%
CALX	F	0.0%	0.01%	0.0%
CARG	A	0.01%	0.01%	0.01%
CARR	D	0.08%	0.2%	0.08%
CARS	B	0.0%	0.01%	0.0%
CASH	A	0.01%	0.01%	0.01%
CASY	B	0.03%	0.11%	0.03%
CATY	A	0.03%	0.03%	0.03%
CB	C	0.32%	0.51%	0.32%
CBRE	B	0.08%	0.23%	0.08%
CBSH	A	0.02%	0.01%	0.01%
CBT	C	0.02%	0.05%	0.02%
CBU	A	0.01%	0.02%	0.01%
CCK	D	0.03%	0.08%	0.03%
CCL	A	0.2%	0.11%	0.11%
CCS	F	0.01%	0.02%	0.01%
CE	F	0.03%	0.06%	0.03%
CEIX	A	0.03%	0.03%	0.03%
CENT	C	0.0%	0.01%	0.0%
CENTA	C	0.01%	0.01%	0.01%
CENX	A	0.01%	0.01%	0.01%
CERT	F	0.0%	0.0%	0.0%
CF	A	0.06%	0.13%	0.06%
CFFN	A	0.01%	0.0%	0.0%
CFG	A	0.18%	0.1%	0.1%
CFR	A	0.03%	0.06%	0.03%
CG	B	0.02%	0.05%	0.02%
CGNX	D	0.01%	0.0%	0.0%
CHCO	A	0.01%	0.01%	0.01%
CHEF	B	0.01%	0.01%	0.01%
CHRD	F	0.07%	0.03%	0.03%
CHTR	B	0.33%	0.09%	0.09%
CHX	C	0.01%	0.03%	0.01%
CI	D	0.33%	0.75%	0.33%
CIEN	B	0.02%	0.06%	0.02%
CINF	A	0.07%	0.13%	0.07%
CIVI	F	0.04%	0.0%	0.0%
CLB	C	0.0%	0.0%	0.0%
CLF	F	0.02%	0.01%	0.01%
CLH	C	0.03%	0.06%	0.03%
CMA	A	0.08%	0.07%	0.07%
CMC	B	0.03%	0.06%	0.03%
CMCSA	B	0.64%	1.45%	0.64%
CME	A	0.1%	0.13%	0.1%
CMI	A	0.13%	0.32%	0.13%
CNC	F	0.28%	0.15%	0.15%
CNM	F	0.01%	0.01%	0.01%
CNMD	C	0.0%	0.02%	0.0%
CNO	A	0.04%	0.04%	0.04%
CNX	A	0.05%	0.05%	0.05%
CNXC	F	0.02%	0.02%	0.02%
CNXN	D	0.01%	0.02%	0.01%
COF	A	0.6%	0.41%	0.41%
COHR	B	0.04%	0.09%	0.04%
COHU	D	0.0%	0.01%	0.0%
COKE	C	0.03%	0.01%	0.01%
COLB	A	0.05%	0.01%	0.01%
COLL	F	0.0%	0.0%	0.0%
COLM	B	0.01%	0.04%	0.01%
COP	C	0.41%	1.09%	0.41%
CORT	B	0.01%	0.02%	0.01%
COTY	F	0.01%	0.01%	0.01%
CPB	D	0.04%	0.09%	0.04%
CPF	A	0.01%	0.0%	0.0%
CPRI	F	0.01%	0.02%	0.01%
CPRX	C	0.0%	0.01%	0.0%
CR	A	0.03%	0.03%	0.03%
CRC	B	0.02%	0.03%	0.02%
CRI	D	0.01%	0.01%	0.01%
CRK	A	0.01%	0.01%	0.01%
CRL	D	0.01%	0.07%	0.01%
CRM	A	0.26%	1.24%	0.26%
CROX	F	0.01%	0.02%	0.01%
CRS	A	0.02%	0.07%	0.02%
CRUS	F	0.01%	0.05%	0.01%
CSCO	B	0.51%	1.51%	0.51%
CSGP	F	0.02%	0.11%	0.02%
CSGS	A	0.0%	0.0%	0.0%
CSL	B	0.03%	0.08%	0.03%
CSX	B	0.1%	0.35%	0.1%
CTLT	C	0.01%	0.05%	0.01%
CTRA	A	0.06%	0.14%	0.06%
CTS	B	0.0%	0.02%	0.0%
CTSH	B	0.11%	0.31%	0.11%
CTVA	D	0.09%	0.16%	0.09%
CUBI	B	0.01%	0.01%	0.01%
CVBF	A	0.02%	0.02%	0.02%
CVCO	A	0.01%	0.03%	0.01%
CVI	D	0.0%	0.0%	0.0%
CVS	F	0.61%	0.61%	0.61%
CVX	A	1.32%	1.99%	1.32%
CW	B	0.02%	0.12%	0.02%
CWK	B	0.03%	0.02%	0.02%
CXT	D	0.0%	0.02%	0.0%
CZR	F	0.03%	0.04%	0.03%
DAL	A	0.33%	0.3%	0.3%
DAN	F	0.01%	0.0%	0.0%
DAR	B	0.02%	0.06%	0.02%
DAY	B	0.01%	0.02%	0.01%
DCOM	A	0.01%	0.0%	0.0%
DD	D	0.18%	0.15%	0.15%
DE	D	0.22%	0.57%	0.22%
DFS	A	0.16%	0.32%	0.16%
DG	F	0.05%	0.02%	0.02%
DGII	B	0.0%	0.01%	0.0%
DGX	A	0.05%	0.13%	0.05%
DHI	D	0.11%	0.4%	0.11%
DHR	D	0.11%	0.81%	0.11%
DINO	D	0.06%	0.05%	0.05%
DIOD	F	0.01%	0.02%	0.01%
DIS	A	0.27%	0.65%	0.27%
DKS	D	0.03%	0.0%	0.0%
DLB	D	0.01%	0.02%	0.01%
DLTR	F	0.04%	0.05%	0.04%
DLX	A	0.01%	0.0%	0.0%
DNOW	A	0.01%	0.01%	0.01%
DORM	B	0.01%	0.03%	0.01%
DOV	A	0.04%	0.16%	0.04%
DOW	F	0.17%	0.22%	0.17%
DTM	A	0.03%	0.06%	0.03%
DV	C	0.0%	0.01%	0.0%
DVAX	C	0.0%	0.01%	0.0%
DVN	F	0.12%	0.17%	0.12%
DXC	C	0.03%	0.03%	0.03%
DXPE	A	0.0%	0.01%	0.0%
DY	C	0.01%	0.04%	0.01%
EA	A	0.05%	0.21%	0.05%
EBAY	D	0.08%	0.22%	0.08%
ECPG	A	0.01%	0.01%	0.01%
EG	D	0.08%	0.11%	0.08%
EGBN	A	0.01%	0.0%	0.0%
EHC	B	0.02%	0.07%	0.02%
EIG	A	0.01%	0.01%	0.01%
ELV	F	0.31%	0.76%	0.31%
EME	B	0.03%	0.09%	0.03%
EMN	C	0.04%	0.09%	0.04%
EMR	A	0.16%	0.29%	0.16%
ENOV	C	0.01%	0.01%	0.01%
ENS	D	0.01%	0.04%	0.01%
ENSG	D	0.01%	0.06%	0.01%
ENVA	A	0.02%	0.02%	0.02%
EOG	A	0.22%	0.49%	0.22%
EPAC	B	0.0%	0.0%	0.0%
EPAM	B	0.01%	0.03%	0.01%
EPC	F	0.01%	0.01%	0.01%
EQT	A	0.12%	0.14%	0.12%
ESAB	B	0.01%	0.06%	0.01%
ESE	A	0.01%	0.03%	0.01%
ESNT	D	0.02%	0.05%	0.02%
ETD	D	0.0%	0.01%	0.0%
ETN	A	0.12%	0.44%	0.12%
EW	C	0.03%	0.07%	0.03%
EWBC	A	0.05%	0.11%	0.05%
EXEL	B	0.02%	0.06%	0.02%
EZPW	A	0.01%	0.01%	0.01%
F	C	0.36%	0.25%	0.25%
FAF	C	0.03%	0.05%	0.03%
FANG	D	0.11%	0.25%	0.11%
FBIN	D	0.02%	0.08%	0.02%
FBK	A	0.01%	0.02%	0.01%
FBNC	A	0.01%	0.01%	0.01%
FBP	A	0.01%	0.03%	0.01%
FCF	A	0.01%	0.01%	0.01%
FCN	F	0.01%	0.04%	0.01%
FCX	F	0.09%	0.41%	0.09%
FDP	A	0.01%	0.01%	0.01%
FDX	A	0.24%	0.53%	0.24%
FELE	B	0.01%	0.04%	0.01%
FFBC	A	0.02%	0.02%	0.02%
FFIV	B	0.02%	0.11%	0.02%
FHB	A	0.02%	0.02%	0.02%
FHI	A	0.01%	0.01%	0.01%
FHN	A	0.05%	0.06%	0.05%
FI	A	0.15%	0.38%	0.15%
FIS	B	0.1%	0.32%	0.1%
FITB	A	0.12%	0.2%	0.12%
FL	F	0.02%	0.01%	0.01%
FLO	D	0.02%	0.03%	0.02%
FLR	B	0.03%	0.05%	0.03%
FLS	A	0.02%	0.06%	0.02%
FMC	F	0.03%	0.0%	0.0%
FN	C	0.01%	0.03%	0.01%
FNB	A	0.03%	0.05%	0.03%
FND	F	0.01%	0.04%	0.01%
FNF	C	0.07%	0.1%	0.07%
FORM	F	0.01%	0.0%	0.0%
FOX	A	0.05%	0.03%	0.03%
FOXA	A	0.09%	0.06%	0.06%
FSLR	F	0.03%	0.1%	0.03%
FSS	C	0.01%	0.02%	0.01%
FTRE	D	0.0%	0.01%	0.0%
FTV	D	0.03%	0.16%	0.03%
FUL	F	0.01%	0.04%	0.01%
FULT	A	0.02%	0.03%	0.02%
FYBR	C	0.04%	0.07%	0.04%
G	A	0.02%	0.06%	0.02%
GAP	C	0.04%	0.06%	0.04%
GATX	A	0.02%	0.05%	0.02%
GBCI	A	0.02%	0.05%	0.02%
GBX	A	0.02%	0.02%	0.02%
GD	D	0.22%	0.44%	0.22%
GDEN	B	0.0%	0.0%	0.0%
GEF	A	0.02%	0.01%	0.01%
GEF	A	0.02%	0.0%	0.0%
GEHC	D	0.03%	0.17%	0.03%
GES	F	0.0%	0.01%	0.0%
GHC	A	0.03%	0.03%	0.03%
GIII	D	0.01%	0.01%	0.01%
GILD	B	0.38%	0.5%	0.38%
GIS	D	0.1%	0.21%	0.1%
GL	B	0.04%	0.03%	0.03%
GLW	B	0.1%	0.34%	0.1%
GM	A	0.53%	0.59%	0.53%
GMED	A	0.02%	0.01%	0.01%
GMS	A	0.01%	0.03%	0.01%
GNRC	B	0.02%	0.07%	0.02%
GNTX	C	0.01%	0.05%	0.01%
GNW	A	0.03%	0.02%	0.02%
GO	C	0.0%	0.0%	0.0%
GPC	D	0.05%	0.05%	0.05%
GPI	A	0.04%	0.05%	0.04%
GPK	D	0.03%	0.07%	0.03%
GPN	B	0.06%	0.1%	0.06%
GPRE	F	0.0%	0.0%	0.0%
GRBK	D	0.01%	0.0%	0.0%
GRMN	B	0.07%	0.2%	0.07%
GS	A	0.57%	1.07%	0.57%
GT	C	0.03%	0.0%	0.0%
GTLS	A	0.01%	0.0%	0.0%
GVA	A	0.01%	0.03%	0.01%
GXO	B	0.02%	0.05%	0.02%
H	B	0.02%	0.04%	0.02%
HAE	A	0.01%	0.03%	0.01%
HAIN	F	0.01%	0.0%	0.0%
HAL	C	0.07%	0.15%	0.07%
HAS	D	0.03%	0.04%	0.03%
HAYN	A	0.0%	0.01%	0.0%
HAYW	A	0.0%	0.02%	0.0%
HBAN	A	0.12%	0.15%	0.12%
HBI	A	0.03%	0.0%	0.0%
HCC	B	0.04%	0.0%	0.0%
HCI	B	0.0%	0.0%	0.0%
HCSG	B	0.01%	0.0%	0.0%
HELE	C	0.0%	0.01%	0.0%
HES	B	0.06%	0.06%	0.06%
HGV	B	0.01%	0.03%	0.01%
HI	C	0.01%	0.0%	0.0%
HIG	C	0.13%	0.29%	0.13%
HII	F	0.02%	0.06%	0.02%
HLIT	F	0.0%	0.0%	0.0%
HLX	D	0.01%	0.01%	0.01%
HMN	A	0.01%	0.01%	0.01%
HNI	A	0.01%	0.02%	0.01%
HOG	D	0.02%	0.02%	0.02%
HOLX	D	0.02%	0.09%	0.02%
HOMB	A	0.02%	0.05%	0.02%
HOPE	A	0.01%	0.01%	0.01%
HP	C	0.03%	0.03%	0.03%
HPE	B	0.24%	0.19%	0.19%
HQY	A	0.01%	0.04%	0.01%
HRL	D	0.07%	0.06%	0.06%
HRMY	D	0.0%	0.01%	0.0%
HSIC	D	0.03%	0.04%	0.03%
HSII	B	0.0%	0.01%	0.0%
HTH	B	0.01%	0.01%	0.01%
HTLD	B	0.0%	0.0%	0.0%
HUBG	A	0.01%	0.03%	0.01%
HUM	F	0.17%	0.2%	0.17%
HWC	A	0.03%	0.04%	0.03%
HWKN	C	0.01%	0.01%	0.01%
HXL	F	0.01%	0.03%	0.01%
HZO	F	0.0%	0.0%	0.0%
IBOC	A	0.02%	0.03%	0.02%
IBTX	A	0.02%	0.01%	0.01%
ICE	D	0.11%	0.1%	0.1%
ICHR	C	0.0%	0.0%	0.0%
ICUI	D	0.01%	0.0%	0.0%
IDCC	A	0.01%	0.03%	0.01%
IEX	B	0.01%	0.04%	0.01%
IFF	D	0.05%	0.09%	0.05%
IIIN	C	0.0%	0.0%	0.0%
ILMN	C	0.03%	0.01%	0.01%
INCY	B	0.03%	0.05%	0.03%
INDB	A	0.01%	0.01%	0.01%
INGR	B	0.04%	0.08%	0.04%
INTC	C	0.35%	0.28%	0.28%
INVA	C	0.01%	0.01%	0.01%
IOSP	C	0.01%	0.02%	0.01%
IP	A	0.17%	0.13%	0.13%
IPAR	C	0.0%	0.0%	0.0%
IPG	F	0.04%	0.07%	0.04%
IPGP	D	0.01%	0.0%	0.0%
IR	A	0.02%	0.24%	0.02%
ITGR	B	0.01%	0.04%	0.01%
ITRI	B	0.01%	0.04%	0.01%
ITT	A	0.01%	0.11%	0.01%
IVZ	B	0.07%	0.02%	0.02%
J	D	0.04%	0.11%	0.04%
JAZZ	A	0.02%	0.05%	0.02%
JBHT	B	0.03%	0.04%	0.03%
JBL	C	0.05%	0.01%	0.01%
JBLU	C	0.02%	0.01%	0.01%
JBSS	F	0.0%	0.01%	0.0%
JBT	B	0.01%	0.02%	0.01%
JCI	A	0.15%	0.3%	0.15%
JEF	A	0.06%	0.08%	0.06%
JHG	A	0.05%	0.06%	0.05%
JJSF	C	0.01%	0.02%	0.01%
JLL	C	0.05%	0.07%	0.05%
JNJ	D	0.79%	0.87%	0.79%
JNPR	D	0.03%	0.07%	0.03%
JPM	A	1.46%	4.77%	1.46%
JWN	A	0.02%	0.03%	0.02%
JXN	B	0.07%	0.06%	0.06%
KALU	C	0.01%	0.02%	0.01%
KAR	A	0.02%	0.01%	0.01%
KBH	D	0.02%	0.02%	0.02%
KBR	D	0.02%	0.03%	0.02%
KD	A	0.03%	0.03%	0.03%
KDP	D	0.12%	0.16%	0.12%
KEX	A	0.02%	0.06%	0.02%
KEY	A	0.15%	0.11%	0.11%
KEYS	C	0.04%	0.04%	0.04%
KFY	B	0.01%	0.04%	0.01%
KHC	F	0.25%	0.14%	0.14%
KLIC	C	0.01%	0.01%	0.01%
KMI	A	0.44%	0.31%	0.31%
KMPR	A	0.01%	0.02%	0.01%
KMT	B	0.01%	0.02%	0.01%
KMX	B	0.04%	0.08%	0.04%
KN	B	0.01%	0.01%	0.01%
KNF	B	0.01%	0.04%	0.01%
KNX	B	0.03%	0.05%	0.03%
KOP	C	0.0%	0.0%	0.0%
KR	B	0.34%	0.3%	0.3%
KSS	F	0.02%	0.01%	0.01%
KVUE	A	0.22%	0.12%	0.12%
KWR	C	0.01%	0.02%	0.01%
L	A	0.13%	0.12%	0.12%
LAD	A	0.09%	0.09%	0.09%
LANC	D	0.01%	0.0%	0.0%
LBRT	F	0.01%	0.02%	0.01%
LCII	D	0.01%	0.02%	0.01%
LDOS	C	0.05%	0.17%	0.05%
LEA	F	0.05%	0.04%	0.04%
LEN	D	0.13%	0.26%	0.13%
LEN	D	0.13%	0.01%	0.01%
LFUS	D	0.01%	0.04%	0.01%
LGIH	F	0.01%	0.02%	0.01%
LGND	B	0.01%	0.01%	0.01%
LH	B	0.06%	0.12%	0.06%
LHX	B	0.1%	0.27%	0.1%
LIN	D	0.19%	0.62%	0.19%
LITE	A	0.01%	0.03%	0.01%
LIVN	C	0.0%	0.02%	0.0%
LKQ	D	0.03%	0.07%	0.03%
LNN	B	0.0%	0.01%	0.0%
LOPE	B	0.01%	0.0%	0.0%
LPG	F	0.01%	0.01%	0.01%
LPX	A	0.02%	0.07%	0.02%
LRN	A	0.01%	0.04%	0.01%
LUV	A	0.16%	0.11%	0.11%
LW	C	0.01%	0.0%	0.0%
LYB	F	0.19%	0.21%	0.19%
LZB	A	0.01%	0.02%	0.01%
M	C	0.04%	0.03%	0.03%
MAN	F	0.03%	0.02%	0.02%
MASI	A	0.01%	0.0%	0.0%
MAT	C	0.01%	0.05%	0.01%
MATV	F	0.01%	0.0%	0.0%
MATW	C	0.0%	0.0%	0.0%
MATX	B	0.02%	0.05%	0.02%
MCRI	A	0.01%	0.0%	0.0%
MCW	B	0.01%	0.0%	0.0%
MCY	A	0.02%	0.01%	0.01%
MDLZ	F	0.18%	0.65%	0.18%
MDT	D	0.32%	0.64%	0.32%
MDU	D	0.02%	0.03%	0.02%
MET	A	0.41%	0.36%	0.36%
MGM	D	0.04%	0.07%	0.04%
MGPI	D	0.0%	0.0%	0.0%
MGY	A	0.02%	0.04%	0.02%
MHK	D	0.06%	0.05%	0.05%
MHO	D	0.02%	0.04%	0.02%
MIDD	D	0.02%	0.06%	0.02%
MKC	D	0.04%	0.09%	0.04%
MKSI	D	0.01%	0.03%	0.01%
MLI	B	0.03%	0.08%	0.03%
MLKN	F	0.01%	0.01%	0.01%
MLM	B	0.03%	0.27%	0.03%
MMI	A	0.01%	0.01%	0.01%
MMS	D	0.02%	0.04%	0.02%
MMSI	A	0.01%	0.02%	0.01%
MNRO	B	0.01%	0.0%	0.0%
MNST	D	0.05%	0.04%	0.04%
MODG	F	0.01%	0.0%	0.0%
MOG.A	B	0.02%	0.06%	0.02%
MOH	F	0.04%	0.09%	0.04%
MOS	D	0.08%	0.0%	0.0%
MPC	D	0.44%	0.51%	0.44%
MRCY	B	0.01%	0.0%	0.0%
MRNA	F	0.02%	0.04%	0.02%
MRO	A	0.08%	0.13%	0.08%
MRTN	C	0.0%	0.01%	0.0%
MS	A	0.6%	0.94%	0.6%
MSM	C	0.02%	0.04%	0.02%
MTB	A	0.17%	0.2%	0.17%
MTCH	F	0.01%	0.01%	0.01%
MTDR	C	0.03%	0.05%	0.03%
MTG	C	0.02%	0.06%	0.02%
MTH	D	0.02%	0.04%	0.02%
MTRN	C	0.0%	0.02%	0.0%
MTUS	F	0.0%	0.0%	0.0%
MTX	B	0.01%	0.02%	0.01%
MTZ	B	0.03%	0.08%	0.03%
MU	D	0.15%	0.51%	0.15%
MUR	F	0.04%	0.04%	0.04%
MXL	C	0.0%	0.0%	0.0%
MYE	F	0.0%	0.0%	0.0%
MYRG	B	0.01%	0.02%	0.01%
NABL	F	0.0%	0.01%	0.0%
NATL	B	0.02%	0.01%	0.01%
NAVI	D	0.01%	0.01%	0.01%
NBHC	A	0.01%	0.01%	0.01%
NBIX	D	0.01%	0.02%	0.01%
NBR	D	0.01%	0.0%	0.0%
NBTB	A	0.01%	0.02%	0.01%
NDSN	B	0.02%	0.01%	0.01%
NEM	F	0.14%	0.16%	0.14%
NEOG	D	0.0%	0.0%	0.0%
NEU	C	0.01%	0.01%	0.01%
NGVT	B	0.01%	0.0%	0.0%
NHC	B	0.01%	0.01%	0.01%
NJR	A	0.01%	0.03%	0.01%
NMIH	D	0.01%	0.02%	0.01%
NOC	D	0.15%	0.36%	0.15%
NOG	A	0.04%	0.03%	0.03%
NOV	D	0.02%	0.03%	0.02%
NPK	B	0.0%	0.0%	0.0%
NPO	A	0.01%	0.02%	0.01%
NRG	B	0.06%	0.08%	0.06%
NSC	B	0.13%	0.48%	0.13%
NSIT	F	0.02%	0.05%	0.02%
NTCT	B	0.0%	0.01%	0.0%
NTRS	A	0.08%	0.13%	0.08%
NUE	D	0.12%	0.31%	0.12%
NVEE	F	0.0%	0.01%	0.0%
NVR	D	0.06%	0.0%	0.0%
NVRI	F	0.0%	0.0%	0.0%
NVST	C	0.01%	0.03%	0.01%
NVT	B	0.02%	0.09%	0.02%
NWBI	A	0.02%	0.01%	0.01%
NWS	A	0.01%	0.03%	0.01%
NWSA	B	0.03%	0.09%	0.03%
NX	C	0.0%	0.01%	0.0%
NXST	D	0.03%	0.05%	0.03%
NYT	D	0.01%	0.04%	0.01%
OC	A	0.05%	0.15%	0.05%
ODP	F	0.01%	0.01%	0.01%
OFG	B	0.01%	0.02%	0.01%
OI	C	0.02%	0.01%	0.01%
OII	B	0.01%	0.02%	0.01%
OKE	A	0.13%	0.11%	0.11%
OLED	F	0.01%	0.0%	0.0%
OLLI	D	0.01%	0.03%	0.01%
OLN	F	0.02%	0.04%	0.02%
OMC	C	0.06%	0.03%	0.03%
OMI	F	0.01%	0.0%	0.0%
ON	F	0.05%	0.12%	0.05%
ONB	B	0.03%	0.05%	0.03%
ONTO	F	0.01%	0.02%	0.01%
OPCH	F	0.01%	0.03%	0.01%
ORA	B	0.01%	0.03%	0.01%
ORI	A	0.04%	0.07%	0.04%
OSIS	A	0.01%	0.02%	0.01%
OSK	C	0.02%	0.06%	0.02%
OVV	C	0.09%	0.05%	0.05%
OXM	F	0.0%	0.01%	0.0%
OXY	F	0.17%	0.22%	0.17%
OZK	A	0.04%	0.04%	0.04%
PAG	A	0.03%	0.06%	0.03%
PARA	C	0.06%	0.0%	0.0%
PARR	D	0.01%	0.0%	0.0%
PATK	C	0.01%	0.02%	0.01%
PB	A	0.03%	0.05%	0.03%
PBF	D	0.03%	0.01%	0.01%
PBH	A	0.01%	0.02%	0.01%
PCAR	B	0.12%	0.4%	0.12%
PDCO	F	0.01%	0.01%	0.01%
PFBC	A	0.01%	0.01%	0.01%
PFE	F	0.77%	0.7%	0.7%
PFG	C	0.16%	0.14%	0.14%
PFGC	B	0.11%	0.1%	0.1%
PFS	A	0.02%	0.01%	0.01%
PH	A	0.09%	0.2%	0.09%
PHIN	A	0.01%	0.02%	0.01%
PHM	D	0.06%	0.24%	0.06%
PII	F	0.02%	0.0%	0.0%
PINC	B	0.01%	0.01%	0.01%
PKG	B	0.05%	0.15%	0.05%
PLAB	D	0.01%	0.01%	0.01%
PLAY	C	0.0%	0.0%	0.0%
PLUS	F	0.01%	0.02%	0.01%
PLXS	B	0.02%	0.04%	0.02%
PNC	A	0.4%	0.38%	0.38%
PNFP	A	0.03%	0.07%	0.03%
PNR	A	0.02%	0.13%	0.02%
POST	D	0.03%	0.06%	0.03%
POWL	C	0.01%	0.01%	0.01%
PPBI	A	0.01%	0.01%	0.01%
PPC	B	0.02%	0.03%	0.02%
PPG	F	0.06%	0.16%	0.06%
PR	C	0.03%	0.03%	0.03%
PRA	A	0.0%	0.0%	0.0%
PRDO	B	0.01%	0.02%	0.01%
PRG	A	0.02%	0.02%	0.02%
PRGO	C	0.02%	0.01%	0.01%
PRGS	B	0.0%	0.0%	0.0%
PRK	A	0.01%	0.01%	0.01%
PRLB	B	0.0%	0.0%	0.0%
PRU	A	0.38%	0.24%	0.24%
PSMT	D	0.01%	0.02%	0.01%
PSX	C	0.45%	0.44%	0.44%
PUMP	F	0.01%	0.01%	0.01%
PVH	C	0.02%	0.04%	0.02%
PWR	A	0.04%	0.16%	0.04%
QRVO	F	0.01%	0.03%	0.01%
R	A	0.06%	0.07%	0.06%
RAMP	C	0.0%	0.0%	0.0%
RBC	A	0.01%	0.05%	0.01%
RCM	A	0.01%	0.01%	0.01%
RCUS	F	0.0%	0.0%	0.0%
RDN	C	0.03%	0.05%	0.03%
REGN	F	0.11%	0.37%	0.11%
RES	F	0.01%	0.01%	0.01%
REX	C	0.0%	0.01%	0.0%
REZI	A	0.02%	0.03%	0.02%
RF	A	0.11%	0.17%	0.11%
RGA	A	0.12%	0.09%	0.09%
RGEN	D	0.01%	0.02%	0.01%
RGLD	C	0.01%	0.05%	0.01%
RHI	B	0.02%	0.02%	0.02%
RJF	A	0.06%	0.16%	0.06%
RL	B	0.03%	0.06%	0.03%
RMBS	C	0.0%	0.0%	0.0%
RNR	D	0.05%	0.06%	0.05%
RNST	A	0.02%	0.02%	0.02%
ROCK	C	0.0%	0.02%	0.0%
ROG	D	0.0%	0.0%	0.0%
ROP	C	0.05%	0.26%	0.05%
RRC	B	0.03%	0.06%	0.03%
RRX	B	0.02%	0.07%	0.02%
RS	B	0.05%	0.15%	0.05%
RSG	B	0.09%	0.15%	0.09%
RTX	D	0.44%	0.7%	0.44%
RUSHA	B	0.02%	0.02%	0.02%
RVTY	D	0.02%	0.08%	0.02%
RXO	C	0.01%	0.0%	0.0%
SAFT	A	0.01%	0.01%	0.01%
SAH	A	0.01%	0.01%	0.01%
SAIA	B	0.01%	0.02%	0.01%
SAIC	D	0.02%	0.06%	0.02%
SAM	B	0.0%	0.01%	0.0%
SANM	B	0.04%	0.03%	0.03%
SBCF	A	0.01%	0.01%	0.01%
SBH	A	0.01%	0.0%	0.0%
SBSI	B	0.01%	0.0%	0.0%
SCHL	F	0.01%	0.01%	0.01%
SCL	D	0.01%	0.01%	0.01%
SCSC	B	0.01%	0.01%	0.01%
SCVL	F	0.01%	0.01%	0.01%
SEM	B	0.02%	0.04%	0.02%
SF	A	0.04%	0.08%	0.04%
SFNC	B	0.03%	0.02%	0.02%
SHEN	F	0.0%	0.0%	0.0%
SHOO	D	0.01%	0.03%	0.01%
SIG	B	0.02%	0.03%	0.02%
SIGI	A	0.02%	0.03%	0.02%
SJM	F	0.05%	0.08%	0.05%
SKX	D	0.03%	0.07%	0.03%
SKYW	A	0.02%	0.04%	0.02%
SLAB	F	0.0%	0.0%	0.0%
SLB	C	0.13%	0.29%	0.13%
SLGN	B	0.02%	0.04%	0.02%
SLM	A	0.02%	0.02%	0.02%
SLVM	B	0.02%	0.03%	0.02%
SM	C	0.02%	0.04%	0.02%
SMP	C	0.0%	0.01%	0.0%
SMPL	B	0.01%	0.03%	0.01%
SNA	A	0.04%	0.14%	0.04%
SNEX	A	0.02%	0.01%	0.01%
SNV	A	0.04%	0.06%	0.04%
SNX	D	0.08%	0.07%	0.07%
SOLV	C	0.01%	0.04%	0.01%
SON	D	0.02%	0.04%	0.02%
SONO	C	0.0%	0.0%	0.0%
SPNT	A	0.01%	0.0%	0.0%
SPTN	F	0.01%	0.01%	0.01%
SSB	A	0.03%	0.05%	0.03%
SSD	D	0.01%	0.04%	0.01%
SSTK	F	0.0%	0.0%	0.0%
ST	F	0.02%	0.01%	0.01%
STAA	F	0.0%	0.0%	0.0%
STBA	A	0.01%	0.01%	0.01%
STC	A	0.01%	0.01%	0.01%
STE	D	0.02%	0.11%	0.02%
STLD	B	0.08%	0.21%	0.08%
STRA	C	0.01%	0.02%	0.01%
STT	A	0.14%	0.15%	0.14%
STZ	D	0.05%	0.21%	0.05%
SUPN	B	0.0%	0.01%	0.0%
SW	A	0.22%	0.08%	0.08%
SWK	F	0.05%	0.07%	0.05%
SWKS	F	0.04%	0.09%	0.04%
SXC	A	0.01%	0.01%	0.01%
SXI	A	0.0%	0.02%	0.0%
SXT	C	0.01%	0.03%	0.01%
SYF	A	0.22%	0.23%	0.22%
SYNA	C	0.01%	0.01%	0.01%
T	A	1.35%	1.15%	1.15%
TALO	C	0.01%	0.01%	0.01%
TAP	A	0.08%	0.07%	0.07%
TBBK	A	0.01%	0.01%	0.01%
TCBI	A	0.02%	0.03%	0.02%
TDS	B	0.03%	0.02%	0.02%
TDY	B	0.03%	0.13%	0.03%
TECH	D	0.0%	0.02%	0.0%
TEX	D	0.01%	0.03%	0.01%
TFC	A	0.53%	0.27%	0.27%
TFIN	A	0.0%	0.01%	0.0%
TFX	F	0.01%	0.05%	0.01%
TGNA	B	0.03%	0.03%	0.03%
TGT	D	0.22%	0.38%	0.22%
THC	C	0.06%	0.03%	0.03%
THG	A	0.02%	0.03%	0.02%
THO	B	0.03%	0.04%	0.03%
THRM	F	0.0%	0.01%	0.0%
THRY	F	0.0%	0.0%	0.0%
THS	F	0.01%	0.01%	0.01%
TILE	A	0.0%	0.0%	0.0%
TKO	C	0.04%	0.04%	0.04%
TKR	F	0.01%	0.04%	0.01%
TMHC	B	0.04%	0.06%	0.04%
TMO	D	0.16%	1.02%	0.16%
TMP	A	0.01%	0.0%	0.0%
TMUS	A	0.42%	0.93%	0.42%
TNC	F	0.0%	0.01%	0.0%
TOL	B	0.05%	0.13%	0.05%
TPH	D	0.02%	0.03%	0.02%
TPR	A	0.04%	0.08%	0.04%
TR	A	0.0%	0.0%	0.0%
TRIP	D	0.0%	0.0%	0.0%
TRMB	A	0.02%	0.09%	0.02%
TRMK	A	0.01%	0.02%	0.01%
TRN	A	0.03%	0.03%	0.03%
TROW	A	0.07%	0.05%	0.05%
TRV	A	0.18%	0.33%	0.18%
TSN	A	0.14%	0.1%	0.1%
TTC	D	0.01%	0.02%	0.01%
TTMI	B	0.01%	0.02%	0.01%
TTWO	A	0.02%	0.17%	0.02%
TWI	F	0.0%	0.0%	0.0%
TXT	D	0.04%	0.1%	0.04%
UA	B	0.01%	0.01%	0.01%
UAA	B	0.02%	0.01%	0.01%
UAL	A	0.24%	0.21%	0.21%
UBSI	A	0.02%	0.04%	0.02%
UCB	A	0.01%	0.03%	0.01%
UCTT	F	0.01%	0.01%	0.01%
UFPI	C	0.02%	0.07%	0.02%
UHS	D	0.05%	0.1%	0.05%
UMBF	A	0.02%	0.03%	0.02%
UNF	A	0.01%	0.03%	0.01%
UNFI	A	0.01%	0.01%	0.01%
UNH	B	1.17%	0.02%	0.02%
UNM	A	0.1%	0.1%	0.1%
UPBD	B	0.01%	0.01%	0.01%
URBN	C	0.02%	0.03%	0.02%
URI	B	0.07%	0.2%	0.07%
USB	B	0.38%	0.36%	0.36%
USFD	B	0.08%	0.13%	0.08%
USPH	C	0.0%	0.01%	0.0%
UTHR	B	0.04%	0.12%	0.04%
UVV	B	0.01%	0.01%	0.01%
VAC	B	0.02%	0.01%	0.01%
VAL	F	0.01%	0.0%	0.0%
VBTX	A	0.01%	0.01%	0.01%
VC	F	0.01%	0.0%	0.0%
VECO	F	0.0%	0.01%	0.0%
VFC	B	0.06%	0.0%	0.0%
VIAV	B	0.0%	0.01%	0.0%
VICR	B	0.0%	0.0%	0.0%
VLO	C	0.37%	0.42%	0.37%
VLY	A	0.04%	0.02%	0.02%
VMC	B	0.03%	0.25%	0.03%
VMI	B	0.02%	0.04%	0.02%
VNT	C	0.01%	0.0%	0.0%
VOYA	A	0.04%	0.04%	0.04%
VRTS	A	0.01%	0.01%	0.01%
VSCO	A	0.02%	0.0%	0.0%
VSH	F	0.01%	0.02%	0.01%
VSTO	A	0.01%	0.01%	0.01%
VSTS	F	0.02%	0.0%	0.0%
VTLE	C	0.01%	0.01%	0.01%
VTOL	B	0.0%	0.0%	0.0%
VTRS	A	0.13%	0.09%	0.09%
VVV	B	0.02%	0.01%	0.01%
VYX	C	0.02%	0.01%	0.01%
VZ	C	1.46%	1.23%	1.23%
WAB	B	0.04%	0.2%	0.04%
WABC	A	0.0%	0.01%	0.0%
WAFD	A	0.03%	0.02%	0.02%
WBD	B	0.18%	0.05%	0.05%
WBS	A	0.04%	0.05%	0.04%
WCC	A	0.04%	0.09%	0.04%
WD	D	0.01%	0.02%	0.01%
WDC	F	0.05%	0.11%	0.05%
WERN	B	0.01%	0.02%	0.01%
WFC	A	1.17%	1.21%	1.17%
WFRD	F	0.02%	0.0%	0.0%
WGO	B	0.01%	0.01%	0.01%
WHR	A	0.05%	0.02%	0.02%
WKC	C	0.01%	0.01%	0.01%
WLK	F	0.04%	0.05%	0.04%
WMB	A	0.19%	0.39%	0.19%
WMT	A	1.8%	0.05%	0.05%
WNC	C	0.0%	0.0%	0.0%
WOR	F	0.01%	0.02%	0.01%
WRB	A	0.05%	0.06%	0.05%
WRLD	D	0.01%	0.0%	0.0%
WS	B	0.01%	0.01%	0.01%
WSFS	A	0.01%	0.03%	0.01%
WT	A	0.0%	0.0%	0.0%
WTFC	A	0.03%	0.06%	0.03%
WTS	A	0.01%	0.03%	0.01%
WTW	B	0.07%	0.08%	0.07%
WWD	B	0.02%	0.06%	0.02%
X	D	0.08%	0.05%	0.05%
XOM	B	2.01%	3.79%	2.01%
XRX	F	0.01%	0.0%	0.0%
XYL	D	0.02%	0.13%	0.02%
YELP	C	0.01%	0.02%	0.01%
YETI	F	0.0%	0.01%	0.0%
ZBH	C	0.05%	0.12%	0.05%
ZBRA	B	0.02%	0.07%	0.02%
ZD	B	0.01%	0.0%	0.0%
ZI	D	0.0%	0.02%	0.0%
ZION	A	0.07%	0.07%	0.07%

VLU Overweight 538 Positions Relative to DFUV

Symbol	Grade	Weight
AAPL	C	2.41%
AMZN	B	2.1%
META	C	1.78%
MSFT	D	1.43%
GOOG	B	1.2%
GOOGL	B	0.75%
TSLA	B	0.57%
PM	A	0.54%
HD	A	0.5%
AVGO	C	0.46%
PG	C	0.46%
ABBV	F	0.45%
ORCL	A	0.45%
V	A	0.44%
IBM	D	0.43%
MCK	A	0.39%
UPS	C	0.37%
COR	B	0.37%
KO	D	0.37%
NVDA	B	0.37%
AXP	A	0.35%
PEP	F	0.34%
MO	A	0.34%
LMT	D	0.33%
NEE	C	0.33%
DUK	C	0.32%
ACN	C	0.31%
MRK	F	0.31%
HPQ	B	0.31%
SO	C	0.3%
MMM	D	0.28%
COST	B	0.28%
GE	D	0.27%
AMGN	D	0.26%
CAH	B	0.25%
CAT	B	0.25%
TXN	C	0.25%
SCHW	A	0.24%
LOW	A	0.23%
QCOM	F	0.23%
D	C	0.23%
UNP	D	0.22%
HON	A	0.21%
LLY	F	0.2%
EXC	C	0.19%
SRE	A	0.18%
PGR	B	0.18%
NFLX	A	0.18%
HCA	D	0.18%
BA	F	0.17%
PYPL	A	0.17%
TJX	A	0.16%
AEP	C	0.16%
ADBE	F	0.16%
MCD	D	0.15%
ETR	A	0.15%
SBUX	A	0.14%
XEL	A	0.14%
AMT	D	0.13%
PEG	C	0.13%
MA	A	0.13%
PLD	D	0.13%
BX	A	0.13%
MMC	C	0.12%
NKE	D	0.12%
BKNG	A	0.12%
SPGI	C	0.12%
SYY	D	0.12%
AMP	A	0.12%
AMAT	F	0.12%
PCG	A	0.12%
WELL	A	0.12%
ED	D	0.12%
O	D	0.11%
VRTX	C	0.11%
KMB	C	0.1%
WM	B	0.1%
EIX	C	0.1%
CCI	D	0.1%
ISRG	A	0.1%
VST	A	0.1%
TRGP	A	0.09%
PPL	A	0.09%
ADP	B	0.09%
SYK	A	0.09%
CL	D	0.09%
VICI	C	0.09%
MAR	A	0.09%
DTE	C	0.09%
WEC	A	0.09%
ITW	B	0.09%
ORLY	A	0.08%
AAL	B	0.08%
LRCX	F	0.08%
EQR	C	0.08%
TT	A	0.08%
K	B	0.08%
ANET	C	0.08%
RCL	A	0.08%
ES	C	0.08%
LUMN	C	0.08%
VTR	C	0.08%
AEE	A	0.08%
UBER	C	0.08%
ATO	A	0.07%
PSA	C	0.07%
NDAQ	A	0.07%
ABNB	C	0.07%
EVRG	A	0.07%
PANW	B	0.07%
AVB	A	0.07%
LVS	C	0.07%
AON	A	0.07%
CNP	A	0.07%
NXPI	F	0.07%
EQIX	B	0.07%
EQH	B	0.07%
GWW	A	0.06%
WBA	F	0.06%
ROST	D	0.06%
NI	A	0.06%
BXP	D	0.06%
INTU	A	0.06%
DVA	C	0.06%
PAYX	B	0.06%
SPG	A	0.06%
CHRW	A	0.06%
SHW	B	0.06%
VNO	B	0.06%
NOW	B	0.06%
WY	D	0.06%
AZO	C	0.06%
APH	B	0.06%
FE	C	0.06%
WPC	D	0.05%
EXPE	A	0.05%
MCHP	F	0.05%
STX	D	0.05%
IQV	F	0.05%
SNPS	C	0.05%
KLAC	F	0.05%
PNW	A	0.05%
DOC	D	0.05%
LNC	A	0.05%
GEN	B	0.05%
ARE	D	0.05%
STWD	D	0.05%
COOP	B	0.05%
AWK	C	0.05%
HSY	F	0.05%
AJG	A	0.05%
CMS	C	0.05%
IBKR	A	0.05%
MUSA	A	0.04%
CPT	D	0.04%
OTIS	D	0.04%
KIM	A	0.04%
NCLH	B	0.04%
BRO	B	0.04%
TSCO	D	0.04%
AES	F	0.04%
EXPD	D	0.04%
XPO	B	0.04%
OHI	C	0.04%
REG	A	0.04%
NTAP	D	0.04%
LNT	A	0.04%
ROK	A	0.04%
HWM	A	0.04%
FTNT	A	0.04%
MAA	A	0.04%
HST	D	0.04%
WSO	A	0.04%
CPAY	A	0.04%
MCO	C	0.04%
KRC	C	0.04%
INVH	D	0.04%
DLR	A	0.04%
FAST	B	0.04%
GLPI	D	0.04%
CTAS	B	0.04%
CEG	D	0.04%
ESS	A	0.04%
CMG	B	0.04%
UGI	C	0.04%
MSI	A	0.04%
IRM	D	0.04%
ZTS	D	0.04%
LYV	A	0.04%
ECL	D	0.04%
EXR	C	0.04%
ROIV	D	0.04%
DRI	B	0.04%
BURL	C	0.03%
RMD	C	0.03%
PENN	B	0.03%
CDNS	B	0.03%
HRB	D	0.03%
PK	C	0.03%
MAS	D	0.03%
ANSS	B	0.03%
BRX	A	0.03%
SATS	D	0.03%
NFG	A	0.03%
CUZ	B	0.03%
LAMR	D	0.03%
WTRG	C	0.03%
BXMT	D	0.03%
GEO	A	0.03%
ULTA	D	0.03%
APLE	B	0.03%
GME	C	0.03%
CNK	A	0.03%
CHD	A	0.03%
UDR	C	0.03%
CBOE	D	0.03%
OGE	A	0.03%
HUBB	B	0.03%
GDDY	A	0.03%
CLX	A	0.03%
ODFL	B	0.03%
SFM	A	0.03%
IT	B	0.03%
LULU	C	0.03%
DEI	B	0.03%
WU	F	0.03%
EL	F	0.03%
YUM	D	0.03%
NWL	B	0.03%
CDW	F	0.03%
BJ	B	0.03%
HIW	D	0.03%
CPRT	A	0.03%
OGS	A	0.03%
BKH	A	0.03%
OGN	F	0.03%
A	D	0.03%
ADSK	B	0.03%
KTB	A	0.02%
TER	F	0.02%
CABO	B	0.02%
ALLE	D	0.02%
MAC	A	0.02%
ELS	B	0.02%
FICO	A	0.02%
TTEK	D	0.02%
JBGS	D	0.02%
VLTO	D	0.02%
TXRH	A	0.02%
NWE	C	0.02%
ERIE	F	0.02%
POR	D	0.02%
TNL	A	0.02%
KRG	B	0.02%
SEIC	A	0.02%
CAR	C	0.02%
SR	A	0.02%
IDA	A	0.02%
EFX	F	0.02%
SBAC	D	0.02%
LII	B	0.02%
WYNN	D	0.02%
ALE	A	0.02%
SWX	A	0.02%
EAT	A	0.02%
PTC	B	0.02%
PNM	B	0.02%
CWEN	D	0.02%
PRI	A	0.02%
SLG	B	0.02%
AAP	D	0.02%
IDXX	F	0.02%
HLT	A	0.02%
TYL	B	0.02%
BBWI	C	0.02%
LNW	D	0.02%
WAT	B	0.02%
ADC	A	0.02%
MTD	F	0.02%
AVY	D	0.02%
DECK	A	0.02%
RPM	A	0.02%
EVR	A	0.02%
WSM	F	0.02%
SBRA	C	0.02%
VRSN	D	0.02%
BR	A	0.02%
CUBE	C	0.02%
NNN	D	0.02%
CXW	B	0.02%
ABR	C	0.02%
AMH	C	0.02%
SCI	B	0.02%
TDG	D	0.02%
MPW	F	0.02%
KREF	D	0.01%
HFWA	A	0.01%
CHE	D	0.01%
QNST	C	0.01%
UNIT	B	0.01%
UFCS	A	0.01%
IART	C	0.01%
MSGS	B	0.01%
AWR	A	0.01%
XHR	B	0.01%
AAT	C	0.01%
HPP	F	0.01%
EFC	D	0.01%
TDC	F	0.01%
CVLT	B	0.01%
GFF	A	0.01%
RDNT	B	0.01%
CWT	C	0.01%
HAFC	A	0.01%
INN	D	0.01%
GDOT	C	0.01%
CHH	A	0.01%
FIZZ	B	0.01%
FWRD	D	0.01%
VSAT	F	0.01%
GTY	C	0.01%
CPK	A	0.01%
SHAK	B	0.01%
DRH	B	0.01%
MP	B	0.01%
ELME	D	0.01%
WST	C	0.01%
VRE	A	0.01%
TPX	A	0.01%
KELYA	F	0.01%
MEDP	D	0.01%
FCPT	C	0.01%
SHO	D	0.01%
VIR	C	0.01%
SKT	A	0.01%
ENR	A	0.01%
NOVT	D	0.01%
EXP	B	0.01%
MGEE	A	0.01%
IBP	F	0.01%
AWI	A	0.01%
SMCI	F	0.01%
MORN	B	0.01%
XRAY	F	0.01%
TREX	C	0.01%
HALO	D	0.01%
CWEN	D	0.01%
LXP	D	0.01%
MC	B	0.01%
HASI	F	0.01%
LNTH	F	0.01%
PAYC	B	0.01%
BCPC	B	0.01%
PCTY	B	0.01%
NSP	F	0.01%
ROIC	A	0.01%
LTC	B	0.01%
ENPH	F	0.01%
RWT	D	0.01%
WEN	C	0.01%
UE	B	0.01%
ETSY	D	0.01%
EXLS	B	0.01%
DOCS	C	0.01%
PJT	A	0.01%
DXCM	C	0.01%
AVAV	C	0.01%
OMCL	C	0.01%
FTDR	B	0.01%
IRT	A	0.01%
OTTR	C	0.01%
CBRL	C	0.01%
PCH	D	0.01%
PODD	A	0.01%
RUN	F	0.01%
EXPI	C	0.01%
SHC	D	0.01%
BWXT	A	0.01%
AKR	B	0.01%
ALGM	F	0.01%
BDN	D	0.01%
SFBS	A	0.01%
ROL	A	0.01%
EGP	D	0.01%
WMS	F	0.01%
PECO	A	0.01%
MTSI	B	0.01%
NSA	C	0.01%
APAM	A	0.01%
RLI	A	0.01%
RYN	D	0.01%
RC	F	0.01%
CTRE	D	0.01%
POOL	D	0.01%
EPR	D	0.01%
DPZ	C	0.01%
OUT	C	0.01%
PIPR	A	0.01%
RH	C	0.01%
FIX	A	0.01%
KLG	F	0.01%
MPWR	F	0.01%
MKTX	C	0.01%
KW	C	0.01%
SABR	B	0.01%
FFIN	A	0.01%
SMG	D	0.01%
BCO	F	0.01%
PSTG	F	0.01%
CDP	C	0.01%
WEX	F	0.01%
DEA	D	0.01%
PMT	D	0.01%
GGG	A	0.01%
DT	C	0.01%
WH	A	0.01%
ARI	D	0.01%
EPRT	C	0.01%
BGC	B	0.01%
IIPR	F	0.01%
LSTR	D	0.01%
NWN	A	0.01%
PBI	C	0.01%
VRSK	B	0.01%
MD	B	0.01%
LECO	C	0.01%
MSCI	A	0.01%
FDS	A	0.01%
PTEN	D	0.01%
CCOI	B	0.01%
JKHY	D	0.01%
CHDN	C	0.01%
LEG	F	0.01%
DCI	B	0.01%
AVA	C	0.01%
STAG	D	0.01%
AXON	A	0.01%
EEFT	C	0.01%
SEE	B	0.01%
REXR	F	0.01%
PEB	F	0.01%
GNL	D	0.01%
FRT	B	0.01%
FR	D	0.01%
MTN	C	0.01%
HLI	A	0.01%
AOS	F	0.01%
WWW	A	0.01%
DBX	C	0.01%
CC	C	0.01%
XPEL	B	0.0%
WOLF	F	0.0%
NARI	C	0.0%
LESL	C	0.0%
VCEL	A	0.0%
AGYS	A	0.0%
MSEX	B	0.0%
GOGO	C	0.0%
PGNY	F	0.0%
EMBC	C	0.0%
PCRX	C	0.0%
CELH	F	0.0%
TNDM	F	0.0%
RGNX	F	0.0%
ELF	C	0.0%
TTGT	C	0.0%
ARWR	D	0.0%
CRSR	C	0.0%
TGI	A	0.0%
LQDT	A	0.0%
BMI	B	0.0%
SNCY	B	0.0%
AAON	A	0.0%
NXRT	A	0.0%
SEDG	F	0.0%
CEVA	B	0.0%
GKOS	B	0.0%
SITM	B	0.0%
AHH	D	0.0%
TRUP	A	0.0%
WING	F	0.0%
CYTK	D	0.0%
WSR	B	0.0%
IRWD	D	0.0%
PAYO	A	0.0%
PEN	B	0.0%
RGR	F	0.0%
USNA	C	0.0%
JACK	D	0.0%
VVI	A	0.0%
XNCR	B	0.0%
SPSC	D	0.0%
KNSL	C	0.0%
PZZA	D	0.0%
PRVA	B	0.0%
IRDM	C	0.0%
SJW	F	0.0%
POWI	D	0.0%
ALRM	C	0.0%
WDFC	A	0.0%
EXTR	B	0.0%
BLKB	D	0.0%
DFIN	D	0.0%
MYGN	F	0.0%
EYE	C	0.0%
JOE	F	0.0%
BSIG	A	0.0%
UHT	D	0.0%
UFPT	C	0.0%
QLYS	C	0.0%
PLMR	A	0.0%
EXPO	D	0.0%
HTZ	C	0.0%
LSCC	D	0.0%
VRRM	D	0.0%
FLGT	F	0.0%
FOXF	F	0.0%
CNSL	A	0.0%
ENV	B	0.0%
FBRT	C	0.0%
MANH	D	0.0%
BOX	B	0.0%
EVTC	C	0.0%
LKFN	A	0.0%
NEO	C	0.0%
UTL	C	0.0%
SVC	F	0.0%
CRVL	B	0.0%
PLNT	A	0.0%
PAHC	A	0.0%
FIVE	F	0.0%
CSR	A	0.0%
PRAA	C	0.0%
BFS	C	0.0%
SMTC	C	0.0%
MSA	D	0.0%
ALEX	B	0.0%
TRST	A	0.0%

VLU Underweight 399 Positions Relative to DFUV

Symbol	Grade	Weight
MRVL	B	-0.28%
FCNCA	A	-0.2%
SQ	A	-0.15%
SSNC	D	-0.14%
MKL	A	-0.13%
FLEX	B	-0.13%
UHAL	D	-0.1%
FTI	A	-0.09%
AVTR	F	-0.09%
ZM	B	-0.09%
TRU	D	-0.09%
TWLO	A	-0.08%
DOX	D	-0.08%
Z	A	-0.07%
CRBG	B	-0.07%
WAL	A	-0.07%
BOKF	A	-0.06%
LBRDK	B	-0.06%
BPOP	C	-0.06%
ESI	B	-0.06%
DDS	B	-0.06%
APG	C	-0.06%
OKTA	D	-0.06%
PSN	C	-0.06%
ALSN	B	-0.05%
SUM	B	-0.05%
BECN	B	-0.05%
HRI	B	-0.05%
OMF	A	-0.05%
HOOD	A	-0.05%
ACI	C	-0.05%
GLOB	C	-0.05%
ZWS	B	-0.05%
AXS	A	-0.05%
ICLR	F	-0.05%
PFSI	D	-0.04%
GTES	B	-0.04%
SKY	A	-0.04%
ENTG	F	-0.04%
DNB	B	-0.03%
ESGR	B	-0.03%
SIRI	C	-0.03%
ICFI	F	-0.03%
SOFI	A	-0.03%
MWA	A	-0.03%
HUN	F	-0.03%
CBZ	B	-0.03%
ELAN	C	-0.03%
GOLF	A	-0.03%
PRIM	A	-0.03%
REYN	D	-0.03%
KAI	A	-0.03%
SITE	D	-0.03%
INSW	F	-0.02%
WSBC	A	-0.02%
EFSC	A	-0.02%
NTB	B	-0.02%
SRCE	A	-0.02%
EXAS	F	-0.02%
HEES	B	-0.02%
CDE	D	-0.02%
USLM	A	-0.02%
S	B	-0.02%
FRME	A	-0.02%
ADTN	A	-0.02%
ROKU	D	-0.02%
IESC	B	-0.02%
RUSHB	B	-0.02%
SEB	F	-0.02%
VCTR	B	-0.02%
WTM	A	-0.02%
MIR	A	-0.02%
NNI	C	-0.02%
FIBK	A	-0.02%
WHD	B	-0.02%
TOWN	A	-0.02%
ZG	A	-0.02%
LAUR	A	-0.02%
KTOS	B	-0.02%
SNDR	B	-0.02%
ALIT	C	-0.02%
LBRDA	B	-0.02%
FA	D	-0.02%
STNG	F	-0.02%
HURN	B	-0.02%
AZEK	B	-0.02%
CPA	A	-0.02%
MGRC	B	-0.02%
HHH	B	-0.02%
STRL	B	-0.02%
TGLS	A	-0.02%
EBF	D	-0.01%
CSV	B	-0.01%
PFC	A	-0.01%
LC	B	-0.01%
QCRH	A	-0.01%
SPNS	F	-0.01%
IMAX	B	-0.01%
SWBI	D	-0.01%
DSGR	C	-0.01%
IAS	D	-0.01%
CRAI	B	-0.01%
RVLV	A	-0.01%
TFSL	A	-0.01%
TRS	D	-0.01%
ATEN	A	-0.01%
UTI	A	-0.01%
INFA	F	-0.01%
BV	C	-0.01%
PEBO	A	-0.01%
GRC	B	-0.01%
ROAD	B	-0.01%
UVSP	A	-0.01%
UHAL	D	-0.01%
THR	C	-0.01%
TIPT	A	-0.01%
MLR	B	-0.01%
DCO	A	-0.01%
ACT	C	-0.01%
CMCO	C	-0.01%
NIC	A	-0.01%
BXC	B	-0.01%
MRC	B	-0.01%
IMKTA	C	-0.01%
SGRY	F	-0.01%
SASR	A	-0.01%
CRGY	A	-0.01%
ANIP	D	-0.01%
CNOB	A	-0.01%
CTBI	A	-0.01%
DNUT	D	-0.01%
SCS	A	-0.01%
SFL	F	-0.01%
SWI	B	-0.01%
DK	D	-0.01%
LTH	D	-0.01%
PLYA	A	-0.01%
LILAK	F	-0.01%
TCBK	A	-0.01%
LOB	A	-0.01%
WTTR	A	-0.01%
SYBT	A	-0.01%
FOR	F	-0.01%
AGX	B	-0.01%
BUSE	A	-0.01%
HL	D	-0.01%
MBIN	D	-0.01%
NMRK	B	-0.01%
LEVI	F	-0.01%
WLFC	B	-0.01%
WMK	B	-0.01%
VRNT	D	-0.01%
CMRE	B	-0.01%
MGNI	A	-0.01%
TROX	F	-0.01%
BMRN	F	-0.01%
SPB	C	-0.01%
DHT	D	-0.01%
VSEC	B	-0.01%
VIRT	A	-0.01%
AGM	A	-0.01%
OSW	B	-0.01%
HTLF	A	-0.01%
TDW	F	-0.01%
GPOR	A	-0.01%
OLPX	D	-0.0%
UVE	A	-0.0%
CXM	C	-0.0%
BH	A	-0.0%
AMRC	F	-0.0%
FRST	A	-0.0%
UPWK	B	-0.0%
ESCA	C	-0.0%
METC	C	-0.0%
GIC	F	-0.0%
ORRF	A	-0.0%
GSIT	F	-0.0%
IDT	B	-0.0%
EDR	A	-0.0%
PEBK	A	-0.0%
FMBH	A	-0.0%
RVSB	B	-0.0%
SPWH	F	-0.0%
AESI	D	-0.0%
EGY	F	-0.0%
RDI	F	-0.0%
CVR	B	-0.0%
MBCN	C	-0.0%
MRBK	A	-0.0%
CIX	B	-0.0%
ENLC	A	-0.0%
CHMG	A	-0.0%
MVBF	B	-0.0%
SIF	D	-0.0%
NATR	B	-0.0%
WSC	F	-0.0%
CNH	D	-0.0%
SENEB	C	-0.0%
SSYS	B	-0.0%
BDL	F	-0.0%
AWRE	F	-0.0%
DRVN	A	-0.0%
SBFG	C	-0.0%
CLW	F	-0.0%
OCC	F	-0.0%
ALCO	D	-0.0%
ULBI	F	-0.0%
CPIX	F	-0.0%
AGM	A	-0.0%
ADV	F	-0.0%
GRNT	B	-0.0%
NGVC	A	-0.0%
HBCP	A	-0.0%
MEG	F	-0.0%
FBMS	A	-0.0%
BSET	B	-0.0%
FRD	F	-0.0%
ACU	C	-0.0%
FUNC	A	-0.0%
RIVN	F	-0.0%
CULP	D	-0.0%
FBIZ	A	-0.0%
ESP	B	-0.0%
CDRE	D	-0.0%
TASK	C	-0.0%
CPHC	C	-0.0%
PLPC	B	-0.0%
AMRX	C	-0.0%
THFF	A	-0.0%
CSPI	C	-0.0%
CLBK	B	-0.0%
SSP	F	-0.0%
VLGEA	A	-0.0%
KEQU	C	-0.0%
PROV	A	-0.0%
STRS	C	-0.0%
LARK	A	-0.0%
EVBN	A	-0.0%
ATLC	A	-0.0%
ETWO	F	-0.0%
NTIC	C	-0.0%
UBFO	A	-0.0%
SMHI	F	-0.0%
CTRN	D	-0.0%
TWIN	D	-0.0%
ASRV	A	-0.0%
ZIMV	F	-0.0%
ALOT	C	-0.0%
NC	C	-0.0%
RELL	B	-0.0%
GSM	D	-0.0%
KTCC	B	-0.0%
RCMT	C	-0.0%
FEIM	B	-0.0%
LCUT	F	-0.0%
BHB	A	-0.0%
ALRS	D	-0.0%
SGA	F	-0.0%
EPM	A	-0.0%
GSBC	A	-0.0%
ANIK	D	-0.0%
MPAA	B	-0.0%
EQBK	A	-0.0%
PUBM	D	-0.0%
KOS	D	-0.0%
FLXS	B	-0.0%
WNEB	A	-0.0%
BRY	F	-0.0%
PPIH	B	-0.0%
RDUS	C	-0.0%
TSBK	B	-0.0%
OBK	A	-0.0%
SRI	F	-0.0%
LAKE	B	-0.0%
OEC	C	-0.0%
SKWD	A	-0.0%
PKE	B	-0.0%
MERC	F	-0.0%
LMNR	C	-0.0%
USM	B	-0.0%
CLVT	F	-0.0%
IGT	F	-0.0%
ULH	B	-0.0%
CZWI	A	-0.0%
SPOK	B	-0.0%
CMT	F	-0.0%
HURC	C	-0.0%
ARKO	D	-0.0%
GTN	F	-0.0%
ESSA	A	-0.0%
UNTY	A	-0.0%
UTZ	D	-0.0%
RCKY	F	-0.0%
TCMD	A	-0.0%
JOUT	F	-0.0%
RGP	F	-0.0%
FLWS	D	-0.0%
LOVE	A	-0.0%
CIFR	B	-0.0%
VREX	C	-0.0%
OPY	B	-0.0%
JBI	F	-0.0%
PRM	C	-0.0%
OCFC	A	-0.0%
CTOS	B	-0.0%
VIRC	C	-0.0%
HOFT	C	-0.0%
DGICA	A	-0.0%
UFI	F	-0.0%
NAT	F	-0.0%
GCO	B	-0.0%
LXU	C	-0.0%
AMAL	B	-0.0%
TTEC	F	-0.0%
BZH	B	-0.0%
CECO	C	-0.0%
AE	A	-0.0%
DBRG	D	-0.0%
BFIN	A	-0.0%
CVGW	C	-0.0%
ASC	F	-0.0%
HBB	F	-0.0%
STRT	A	-0.0%
NAPA	A	-0.0%
ARCT	F	-0.0%
INBK	A	-0.0%
MBWM	A	-0.0%
ZUMZ	D	-0.0%
EML	F	-0.0%
BBSI	A	-0.0%
MEI	F	-0.0%
DOLE	D	-0.0%
EBC	A	-0.0%
SEG	B	-0.0%
NGS	A	-0.0%
CPSS	B	-0.0%
HSTM	B	-0.0%
PCVX	D	-0.0%
ATSG	A	-0.0%
SGC	C	-0.0%
GDRX	F	-0.0%
USAP	B	-0.0%
FIGS	F	-0.0%
TTI	B	-0.0%
GENC	B	-0.0%
NWPX	A	-0.0%
RLGT	B	-0.0%
ITIC	A	-0.0%
VPG	F	-0.0%
JELD	F	-0.0%
XPRO	F	-0.0%
FG	A	-0.0%
LYTS	A	-0.0%
DAKT	A	-0.0%
RYAM	B	-0.0%
TITN	C	-0.0%
MOV	C	-0.0%
MITK	C	-0.0%
BELFA	D	-0.0%
CCRN	F	-0.0%
SHYF	C	-0.0%
ODC	D	-0.0%
REVG	A	-0.0%
GNK	C	-0.0%
MLNK	C	-0.0%
PLOW	D	-0.0%
ZEUS	C	-0.0%
PTVE	C	-0.0%
MOFG	A	-0.0%
WSBF	B	-0.0%
ATKR	C	-0.0%
SHBI	A	-0.0%
SENEA	A	-0.0%
HLIO	B	-0.0%
HVT	F	-0.0%
FISI	A	-0.0%
HOV	F	-0.0%
RPAY	D	-0.0%
KE	C	-0.0%
NRIM	A	-0.0%
FFNW	D	-0.0%
RICK	B	-0.0%
MCS	B	-0.0%
AMRK	F	-0.0%
LMB	A	-0.0%
NR	D	-0.0%
MSGE	D	-0.0%
HY	F	-0.0%
BBW	B	-0.0%
FWRG	C	-0.0%
DFH	F	-0.0%
GLDD	B	-0.0%
NFBK	A	-0.0%
CCBG	A	-0.0%
BKD	F	-0.0%
GABC	A	-0.0%
RYI	B	-0.0%
BY	A	-0.0%
BELFB	C	-0.0%