VLU vs. GSPY ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Gotham Enhanced 500 ETF (GSPY)

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

$171.85

Average Daily Volume

6,254

Number of Holdings ^*

1436

* may have additional holdings in another (foreign) market

GSPY

Gotham Enhanced 500 ETF

GSPY Description

The investment seeks long-term capital appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities of issuers included in the S&P 500® Index. It is not a passive index fund, but instead utilizes an enhanced strategy implemented by the fund's investment sub-adviser to invest in the securities in the index and weight those securities based on the Sub-Adviser's assessment of value and each security's weight in the ndex.

Grade (RS Rating)

Last Trade

$29.81

Average Daily Volume

13,668

Number of Holdings ^*

493

* may have additional holdings in another (foreign) market

Performance

Period	VLU	GSPY
30 Days	0.41%	3.12%
60 Days	2.21%	6.64%
90 Days	-0.88%	3.76%
12 Months	21.27%	27.20%

492 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in GSPY	Overlap
A	C	0.03%	0.03%	0.03%
AAL	F	0.07%	0.01%	0.01%
AAPL	B	2.4%	6.6%	2.4%
ABBV	B	0.43%	0.22%	0.22%
ABNB	C	0.08%	0.06%	0.06%
ABT	C	0.24%	0.38%	0.24%
ACGL	A	0.13%	0.03%	0.03%
ACN	C	0.27%	0.94%	0.27%
ADBE	C	0.19%	0.17%	0.17%
ADI	B	0.15%	0.08%	0.08%
ADM	F	0.3%	0.19%	0.19%
ADP	B	0.08%	0.4%	0.08%
ADSK	B	0.03%	0.04%	0.03%
AEE	D	0.08%	0.01%	0.01%
AEP	D	0.16%	0.03%	0.03%
AES	D	0.05%	0.01%	0.01%
AFL	A	0.19%	0.04%	0.04%
AIG	C	0.28%	0.05%	0.05%
AIZ	D	0.04%	0.01%	0.01%
AJG	B	0.05%	0.04%	0.04%
AKAM	F	0.03%	0.01%	0.01%
ALB	F	0.05%	0.01%	0.01%
ALGN	F	0.03%	0.01%	0.01%
ALL	C	0.14%	0.03%	0.03%
ALLE	D	0.01%	0.01%	0.01%
AMAT	B	0.17%	0.41%	0.17%
AMCR	B	0.06%	0.01%	0.01%
AMD	B	0.15%	0.16%	0.15%
AME	D	0.04%	0.03%	0.03%
AMGN	B	0.27%	0.12%	0.12%
AMP	A	0.11%	0.09%	0.09%
AMT	C	0.14%	0.06%	0.06%
AMZN	B	1.98%	4.77%	1.98%
ANET	B	0.07%	0.07%	0.07%
ANSS	D	0.02%	0.06%	0.02%
AON	C	0.06%	0.31%	0.06%
AOS	D	0.02%	0.08%	0.02%
APA	D	0.06%	0.01%	0.01%
APD	C	0.14%	0.04%	0.04%
APH	B	0.07%	0.17%	0.07%
APTV	F	0.07%	0.01%	0.01%
ARE	C	0.05%	0.01%	0.01%
ATO	B	0.06%	0.01%	0.01%
AVB	A	0.07%	0.02%	0.02%
AVGO	C	0.48%	1.27%	0.48%
AVY	B	0.03%	0.09%	0.03%
AWK	C	0.06%	0.02%	0.02%
AXON	D	0.01%	0.01%	0.01%
AXP	C	0.32%	0.34%	0.32%
AZO	B	0.07%	0.04%	0.04%
BA	D	0.17%	0.08%	0.08%
BAC	B	1.51%	0.65%	0.65%
BALL	D	0.05%	0.1%	0.05%
BAX	D	0.06%	0.01%	0.01%
BBWI	D	0.03%	0.05%	0.03%
BBY	B	0.17%	0.1%	0.1%
BDX	D	0.1%	0.05%	0.05%
BEN	D	0.06%	0.07%	0.06%
BG	B	0.14%	0.01%	0.01%
BIIB	C	0.11%	0.02%	0.02%
BIO	D	0.02%	0.01%	0.01%
BK	B	0.24%	0.09%	0.09%
BKNG	A	0.11%	0.51%	0.11%
BKR	B	0.1%	0.13%	0.1%
BLDR	F	0.04%	0.1%	0.04%
BLK	B	0.18%	0.25%	0.18%
BMY	D	0.29%	0.43%	0.29%
BR	B	0.02%	0.02%	0.02%
BRK.A	B	2.3%	1.88%	1.88%
BRO	B	0.03%	0.16%	0.03%
BSX	A	0.11%	0.08%	0.08%
BWA	F	0.07%	0.04%	0.04%
BX	B	0.1%	0.18%	0.1%
BXP	B	0.05%	0.01%	0.01%
C	C	1.09%	0.24%	0.24%
CAG	C	0.07%	0.07%	0.07%
CAH	B	0.24%	0.16%	0.16%
CARR	B	0.08%	0.04%	0.04%
CAT	C	0.23%	0.99%	0.23%
CB	B	0.37%	0.24%	0.24%
CBOE	D	0.03%	0.01%	0.01%
CBRE	C	0.06%	0.02%	0.02%
CCI	D	0.1%	0.03%	0.03%
CCL	B	0.15%	0.01%	0.01%
CDNS	B	0.03%	0.18%	0.03%
CDW	D	0.04%	0.16%	0.04%
CE	D	0.05%	0.08%	0.05%
CEG	B	0.04%	0.04%	0.04%
CF	D	0.06%	0.01%	0.01%
CFG	C	0.15%	0.03%	0.03%
CHD	C	0.03%	0.02%	0.02%
CHRW	B	0.05%	0.01%	0.01%
CHTR	C	0.26%	0.21%	0.21%
CI	C	0.4%	0.51%	0.4%
CINF	C	0.06%	0.01%	0.01%
CL	A	0.11%	0.41%	0.11%
CLX	D	0.03%	0.01%	0.01%
CMA	C	0.06%	0.01%	0.01%
CMCSA	D	0.6%	0.11%	0.11%
CME	D	0.1%	0.08%	0.08%
CMG	B	0.05%	0.06%	0.05%
CMI	C	0.12%	0.2%	0.12%
CMS	D	0.05%	0.01%	0.01%
CNC	D	0.34%	0.03%	0.03%
CNP	B	0.08%	0.02%	0.02%
COF	D	0.49%	0.1%	0.1%
COP	D	0.44%	0.09%	0.09%
COST	B	0.3%	0.26%	0.26%
CPAY	D	0.03%	0.11%	0.03%
CPB	D	0.05%	0.01%	0.01%
CPRT	C	0.04%	0.03%	0.03%
CPT	A	0.04%	0.01%	0.01%
CRL	F	0.02%	0.01%	0.01%
CRM	D	0.21%	0.48%	0.21%
CSCO	C	0.45%	0.97%	0.45%
CSGP	F	0.03%	0.02%	0.02%
CSX	D	0.11%	0.34%	0.11%
CTAS	A	0.04%	0.05%	0.04%
CTLT	B	0.01%	0.01%	0.01%
CTRA	C	0.07%	0.01%	0.01%
CTSH	C	0.1%	0.07%	0.07%
CTVA	C	0.08%	0.03%	0.03%
CVS	D	0.73%	0.4%	0.4%
CVX	C	1.45%	0.49%	0.49%
CZR	C	0.03%	0.05%	0.03%
D	D	0.23%	0.03%	0.03%
DAL	D	0.3%	0.02%	0.02%
DAY	F	0.01%	0.0%	0.0%
DD	B	0.19%	0.06%	0.06%
DE	D	0.23%	0.08%	0.08%
DECK	C	0.02%	0.13%	0.02%
DFS	B	0.13%	0.07%	0.07%
DG	D	0.09%	0.02%	0.02%
DGX	B	0.05%	0.01%	0.01%
DHI	D	0.1%	0.03%	0.03%
DHR	C	0.13%	0.38%	0.13%
DIS	C	0.31%	0.93%	0.31%
DLR	B	0.04%	0.03%	0.03%
DLTR	F	0.07%	0.02%	0.02%
DOC	B	0.05%	0.01%	0.01%
DOV	B	0.04%	0.13%	0.04%
DOW	D	0.21%	0.03%	0.03%
DPZ	B	0.01%	0.01%	0.01%
DRI	C	0.04%	0.01%	0.01%
DTE	D	0.09%	0.02%	0.02%
DUK	C	0.32%	0.06%	0.06%
DVA	B	0.07%	0.01%	0.01%
DVN	C	0.16%	0.12%	0.12%
DXCM	D	0.02%	0.03%	0.02%
EA	B	0.05%	0.08%	0.05%
EBAY	B	0.09%	0.17%	0.09%
ECL	A	0.05%	0.05%	0.05%
ED	D	0.13%	0.02%	0.02%
EFX	C	0.02%	0.02%	0.02%
EG	B	0.09%	0.01%	0.01%
EIX	D	0.09%	0.02%	0.02%
EL	F	0.06%	0.03%	0.03%
ELV	B	0.43%	0.09%	0.09%
EMN	C	0.05%	0.01%	0.01%
EMR	D	0.15%	0.04%	0.04%
ENPH	D	0.02%	0.01%	0.01%
EOG	C	0.24%	0.16%	0.16%
EPAM	D	0.01%	0.02%	0.01%
EQIX	D	0.07%	0.05%	0.05%
EQR	A	0.08%	0.02%	0.02%
EQT	D	0.09%	0.01%	0.01%
ES	D	0.08%	0.01%	0.01%
ESS	B	0.04%	0.01%	0.01%
ETN	D	0.12%	0.09%	0.09%
ETR	D	0.12%	0.02%	0.02%
ETSY	F	0.01%	0.0%	0.0%
EVRG	D	0.07%	0.01%	0.01%
EW	B	0.05%	0.04%	0.04%
EXC	D	0.19%	0.02%	0.02%
EXPD	B	0.04%	0.01%	0.01%
EXPE	B	0.04%	0.01%	0.01%
EXR	B	0.05%	0.02%	0.02%
F	C	0.43%	0.03%	0.03%
FANG	C	0.12%	0.18%	0.12%
FAST	D	0.04%	0.03%	0.03%
FCX	C	0.1%	0.05%	0.05%
FDS	D	0.01%	0.01%	0.01%
FDX	C	0.24%	0.04%	0.04%
FE	D	0.07%	0.02%	0.02%
FFIV	D	0.02%	0.06%	0.02%
FICO	A	0.01%	0.02%	0.01%
FIS	B	0.11%	0.03%	0.03%
FITB	C	0.1%	0.05%	0.05%
FMC	D	0.03%	0.03%	0.03%
FOXA	A	0.08%	0.01%	0.01%
FRT	D	0.01%	0.01%	0.01%
FSLR	C	0.04%	0.02%	0.02%
FTNT	F	0.03%	0.03%	0.03%
FTV	D	0.03%	0.02%	0.02%
GD	B	0.21%	0.06%	0.06%
GE	D	0.27%	0.16%	0.16%
GEHC	C	0.03%	0.03%	0.03%
GILD	C	0.27%	0.44%	0.27%
GIS	C	0.12%	0.03%	0.03%
GL	C	0.02%	0.01%	0.01%
GLW	A	0.1%	0.02%	0.02%
GM	B	0.52%	0.11%	0.11%
GNRC	D	0.02%	0.01%	0.01%
GOOGL	A	0.81%	4.93%	0.81%
GPC	D	0.06%	0.1%	0.06%
GPN	F	0.06%	0.02%	0.02%
GRMN	B	0.06%	0.17%	0.06%
GS	B	0.51%	0.32%	0.32%
GWW	D	0.05%	0.24%	0.05%
HAL	D	0.09%	0.02%	0.02%
HAS	C	0.03%	0.05%	0.03%
HBAN	C	0.1%	0.01%	0.01%
HCA	A	0.21%	0.46%	0.21%
HD	C	0.5%	1.78%	0.5%
HES	C	0.07%	0.03%	0.03%
HIG	A	0.13%	0.08%	0.08%
HII	C	0.03%	0.01%	0.01%
HLT	A	0.02%	0.04%	0.02%
HOLX	D	0.02%	0.01%	0.01%
HON	A	0.23%	0.1%	0.1%
HPE	B	0.27%	0.02%	0.02%
HPQ	B	0.3%	0.22%	0.22%
HRL	F	0.08%	0.08%	0.08%
HSIC	D	0.03%	0.01%	0.01%
HST	D	0.04%	0.01%	0.01%
HSY	D	0.06%	0.03%	0.03%
HUBB	D	0.03%	0.01%	0.01%
HUM	C	0.23%	0.23%	0.23%
HWM	B	0.03%	0.17%	0.03%
IBM	B	0.38%	0.7%	0.38%
ICE	A	0.1%	0.4%	0.1%
IDXX	D	0.03%	0.03%	0.03%
IEX	D	0.01%	0.01%	0.01%
IFF	B	0.06%	0.02%	0.02%
ILMN	D	0.02%	0.04%	0.02%
INCY	B	0.03%	0.03%	0.03%
INTC	F	0.45%	0.09%	0.09%
INTU	C	0.06%	0.12%	0.06%
INVH	A	0.04%	0.02%	0.02%
IP	A	0.15%	0.09%	0.09%
IPG	F	0.04%	0.06%	0.04%
IQV	D	0.05%	0.03%	0.03%
IR	C	0.02%	0.05%	0.02%
IRM	A	0.04%	0.02%	0.02%
ISRG	A	0.09%	0.1%	0.09%
IT	B	0.03%	0.02%	0.02%
ITW	D	0.09%	0.25%	0.09%
IVZ	C	0.06%	0.01%	0.01%
J	D	0.04%	0.1%	0.04%
JBHT	F	0.03%	0.01%	0.01%
JBL	F	0.06%	0.08%	0.06%
JCI	B	0.15%	0.03%	0.03%
JKHY	C	0.01%	0.01%	0.01%
JNJ	F	0.81%	1.15%	0.81%
JNPR	B	0.02%	0.01%	0.01%
JPM	B	1.37%	1.25%	1.25%
K	D	0.06%	0.12%	0.06%
KDP	A	0.12%	0.04%	0.04%
KEY	C	0.12%	0.03%	0.03%
KEYS	D	0.03%	0.02%	0.02%
KHC	D	0.25%	0.23%	0.23%
KIM	B	0.03%	0.01%	0.01%
KLAC	B	0.07%	0.23%	0.07%
KMB	B	0.12%	0.29%	0.12%
KMI	A	0.36%	0.03%	0.03%
KMX	C	0.05%	0.01%	0.01%
KO	A	0.41%	0.94%	0.41%
KR	D	0.33%	0.19%	0.19%
KVUE	D	0.19%	0.03%	0.03%
L	C	0.13%	0.08%	0.08%
LDOS	A	0.05%	0.11%	0.05%
LEN	D	0.13%	0.09%	0.09%
LHX	A	0.1%	0.03%	0.03%
LIN	B	0.2%	0.15%	0.15%
LKQ	F	0.04%	0.06%	0.04%
LLY	A	0.25%	0.51%	0.25%
LMT	A	0.31%	0.59%	0.31%
LNT	C	0.04%	0.01%	0.01%
LOW	D	0.22%	0.67%	0.22%
LRCX	B	0.12%	0.28%	0.12%
LULU	F	0.03%	0.2%	0.03%
LUV	B	0.16%	0.01%	0.01%
LVS	F	0.07%	0.17%	0.07%
LW	C	0.02%	0.01%	0.01%
LYB	C	0.23%	0.02%	0.02%
LYV	D	0.03%	0.02%	0.02%
MA	C	0.13%	0.86%	0.13%
MAA	B	0.04%	0.01%	0.01%
MAR	B	0.09%	0.19%	0.09%
MAS	D	0.03%	0.08%	0.03%
MCD	D	0.14%	0.74%	0.14%
MCHP	D	0.07%	0.03%	0.03%
MCK	A	0.43%	0.33%	0.33%
MCO	A	0.04%	0.05%	0.04%
MDLZ	D	0.21%	0.27%	0.21%
MDT	D	0.33%	0.55%	0.33%
MET	C	0.41%	0.04%	0.04%
META	B	1.68%	3.13%	1.68%
MGM	B	0.06%	0.01%	0.01%
MHK	D	0.06%	0.03%	0.03%
MKC	D	0.04%	0.1%	0.04%
MKTX	F	0.01%	0.0%	0.0%
MLM	D	0.03%	0.02%	0.02%
MMC	B	0.12%	0.08%	0.08%
MMM	B	0.23%	0.28%	0.23%
MNST	D	0.05%	0.04%	0.04%
MO	A	0.33%	0.48%	0.33%
MOH	F	0.04%	0.09%	0.04%
MOS	D	0.08%	0.01%	0.01%
MPC	C	0.6%	0.05%	0.05%
MPWR	B	0.01%	0.02%	0.01%
MRK	A	0.44%	0.27%	0.27%
MRNA	C	0.06%	0.04%	0.04%
MRO	B	0.09%	0.01%	0.01%
MS	B	0.51%	0.32%	0.32%
MSCI	C	0.01%	0.02%	0.01%
MSFT	A	1.67%	7.89%	1.67%
MSI	A	0.04%	0.33%	0.04%
MTB	C	0.13%	0.05%	0.05%
MTCH	F	0.01%	0.05%	0.01%
MTD	B	0.02%	0.02%	0.02%
MU	C	0.23%	0.33%	0.23%
NCLH	B	0.02%	0.01%	0.01%
NDAQ	C	0.05%	0.02%	0.02%
NDSN	D	0.02%	0.07%	0.02%
NEE	B	0.35%	0.11%	0.11%
NEM	B	0.15%	0.03%	0.03%
NFLX	B	0.18%	0.6%	0.18%
NI	B	0.05%	0.01%	0.01%
NKE	C	0.16%	0.22%	0.16%
NOC	F	0.14%	0.13%	0.13%
NOW	B	0.05%	0.1%	0.05%
NRG	B	0.06%	0.1%	0.06%
NSC	D	0.12%	0.04%	0.04%
NTAP	B	0.04%	0.15%	0.04%
NTRS	D	0.07%	0.03%	0.03%
NUE	F	0.13%	0.03%	0.03%
NVDA	C	0.38%	5.8%	0.38%
NVR	C	0.05%	0.02%	0.02%
NWSA	A	0.03%	0.01%	0.01%
NXPI	B	0.09%	0.05%	0.05%
O	D	0.11%	0.03%	0.03%
ODFL	D	0.03%	0.02%	0.02%
OKE	B	0.11%	0.03%	0.03%
OMC	D	0.06%	0.1%	0.06%
ON	D	0.05%	0.02%	0.02%
ORCL	B	0.39%	0.26%	0.26%
ORLY	B	0.07%	0.04%	0.04%
OTIS	C	0.04%	0.22%	0.04%
OXY	C	0.22%	0.04%	0.04%
PANW	B	0.06%	0.07%	0.06%
PARA	F	0.04%	0.03%	0.03%
PAYC	F	0.0%	0.04%	0.0%
PAYX	B	0.05%	0.03%	0.03%
PCAR	D	0.13%	0.29%	0.13%
PCG	C	0.12%	0.08%	0.08%
PEG	B	0.13%	0.03%	0.03%
PEP	C	0.38%	0.16%	0.16%
PFE	C	0.85%	0.11%	0.11%
PFG	C	0.16%	0.01%	0.01%
PG	A	0.53%	0.86%	0.53%
PGR	C	0.17%	0.09%	0.09%
PH	D	0.08%	0.33%	0.08%
PHM	D	0.06%	0.08%	0.06%
PKG	B	0.04%	0.09%	0.04%
PLD	C	0.14%	0.07%	0.07%
PM	A	0.49%	0.88%	0.49%
PNC	D	0.34%	0.13%	0.13%
PNR	D	0.02%	0.01%	0.01%
PNW	C	0.05%	0.0%	0.0%
PODD	B	0.0%	0.01%	0.0%
POOL	F	0.01%	0.01%	0.01%
PPG	D	0.07%	0.02%	0.02%
PPL	C	0.09%	0.02%	0.02%
PRU	A	0.39%	0.22%	0.22%
PSA	B	0.07%	0.03%	0.03%
PSX	C	0.55%	0.3%	0.3%
PTC	C	0.02%	0.01%	0.01%
PWR	B	0.04%	0.03%	0.03%
PYPL	D	0.15%	0.38%	0.15%
QCOM	C	0.34%	1.25%	0.34%
QRVO	B	0.03%	0.06%	0.03%
RCL	A	0.06%	0.03%	0.03%
REG	B	0.03%	0.01%	0.01%
REGN	A	0.15%	0.08%	0.08%
RF	C	0.1%	0.01%	0.01%
RHI	D	0.02%	0.0%	0.0%
RJF	C	0.05%	0.02%	0.02%
RL	B	0.03%	0.06%	0.03%
RMD	D	0.02%	0.02%	0.02%
ROK	D	0.04%	0.02%	0.02%
ROL	A	0.01%	0.02%	0.01%
ROP	A	0.06%	0.12%	0.06%
ROST	A	0.07%	0.26%	0.07%
RSG	A	0.09%	0.04%	0.04%
RTX	C	0.43%	0.1%	0.1%
SBAC	F	0.02%	0.01%	0.01%
SBUX	F	0.13%	0.07%	0.07%
SCHW	C	0.26%	0.21%	0.21%
SHW	D	0.05%	0.06%	0.05%
SJM	F	0.05%	0.01%	0.01%
SLB	C	0.15%	0.04%	0.04%
SMCI	C	0.03%	0.29%	0.03%
SNA	D	0.03%	0.08%	0.03%
SNPS	B	0.06%	0.19%	0.06%
SO	B	0.29%	0.06%	0.06%
SOLV	F	0.0%	0.05%	0.0%
SPG	B	0.06%	0.03%	0.03%
SPGI	B	0.11%	0.1%	0.1%
SRE	B	0.16%	0.03%	0.03%
STE	D	0.02%	0.01%	0.01%
STLD	D	0.08%	0.01%	0.01%
STT	C	0.12%	0.02%	0.02%
STX	B	0.05%	0.01%	0.01%
STZ	B	0.06%	0.03%	0.03%
SWK	D	0.05%	0.07%	0.05%
SWKS	B	0.05%	0.09%	0.05%
SYF	B	0.17%	0.03%	0.03%
SYK	B	0.09%	0.08%	0.08%
SYY	C	0.12%	0.03%	0.03%
T	A	1.22%	0.67%	0.67%
TAP	F	0.09%	0.06%	0.06%
TDG	B	0.02%	0.05%	0.02%
TDY	D	0.03%	0.01%	0.01%
TECH	C	0.01%	0.01%	0.01%
TEL	B	0.11%	0.24%	0.11%
TER	B	0.02%	0.01%	0.01%
TFC	C	0.46%	0.1%	0.1%
TFX	D	0.01%	0.01%	0.01%
TGT	C	0.23%	0.34%	0.23%
TJX	A	0.17%	0.64%	0.17%
TMO	D	0.18%	0.15%	0.15%
TMUS	B	0.38%	1.04%	0.38%
TPR	C	0.03%	0.05%	0.03%
TRGP	A	0.06%	0.02%	0.02%
TRMB	D	0.02%	0.01%	0.01%
TROW	B	0.08%	0.06%	0.06%
TRV	D	0.16%	0.03%	0.03%
TSCO	C	0.04%	0.02%	0.02%
TSLA	C	0.4%	0.66%	0.4%
TSN	C	0.15%	0.01%	0.01%
TT	B	0.08%	0.07%	0.07%
TTWO	B	0.02%	0.06%	0.02%
TXN	B	0.25%	0.13%	0.13%
TXT	D	0.04%	0.09%	0.04%
TYL	B	0.02%	0.01%	0.01%
UAL	D	0.15%	0.01%	0.01%
UBER	B	0.09%	0.09%	0.09%
UDR	B	0.03%	0.01%	0.01%
UHS	B	0.05%	0.07%	0.05%
ULTA	D	0.03%	0.1%	0.03%
UNH	D	1.03%	0.6%	0.6%
UNP	D	0.23%	0.37%	0.23%
UPS	F	0.4%	0.08%	0.08%
URI	C	0.06%	0.22%	0.06%
USB	C	0.33%	0.13%	0.13%
V	C	0.41%	1.58%	0.41%
VICI	D	0.09%	0.02%	0.02%
VLO	C	0.48%	0.26%	0.26%
VLTO	B	0.02%	0.02%	0.02%
VMC	D	0.03%	0.02%	0.02%
VRSK	A	0.01%	0.02%	0.01%
VRSN	C	0.02%	0.1%	0.02%
VRTX	B	0.11%	0.09%	0.09%
VST	B	0.07%	0.02%	0.02%
VTR	A	0.07%	0.02%	0.02%
VTRS	D	0.11%	0.01%	0.01%
VZ	B	1.59%	0.88%	0.88%
WAB	D	0.04%	0.15%	0.04%
WAT	D	0.02%	0.01%	0.01%
WBA	F	0.11%	0.07%	0.07%
WBD	F	0.15%	0.01%	0.01%
WDC	B	0.06%	0.01%	0.01%
WEC	D	0.08%	0.02%	0.02%
WELL	B	0.1%	0.04%	0.04%
WFC	D	1.16%	0.43%	0.43%
WM	B	0.1%	0.06%	0.06%
WMB	A	0.16%	0.03%	0.03%
WMT	B	1.58%	0.39%	0.39%
WRB	B	0.05%	0.02%	0.02%
WRK	D	0.12%	0.01%	0.01%
WST	F	0.01%	0.02%	0.01%
WTW	B	0.06%	0.15%	0.06%
WY	F	0.07%	0.02%	0.02%
WYNN	D	0.02%	0.05%	0.02%
XEL	D	0.12%	0.02%	0.02%
XOM	C	2.04%	0.8%	0.8%
XYL	C	0.03%	0.02%	0.02%
YUM	D	0.04%	0.03%	0.03%
ZBH	D	0.05%	0.02%	0.02%
ZBRA	C	0.02%	0.01%	0.01%
ZTS	C	0.05%	0.05%	0.05%

VLU Overweight 944 Positions Relative to GSPY

Symbol	Grade	Weight
GOOG	A	1.33%
RGA	B	0.13%
OVV	D	0.11%
CHRD	C	0.1%
PFGC	C	0.1%
SNX	C	0.1%
ALLY	B	0.1%
CHK	D	0.09%
DINO	D	0.08%
AFG	D	0.08%
X	F	0.08%
UNM	C	0.08%
LAD	F	0.07%
USFD	A	0.07%
EQH	A	0.07%
FNF	D	0.07%
SWN	D	0.07%
THC	B	0.06%
ZION	C	0.06%
CIVI	D	0.06%
LEA	F	0.06%
ARW	C	0.06%
AL	C	0.05%
AVT	B	0.05%
WLK	D	0.05%
WHR	F	0.05%
M	C	0.05%
JXN	B	0.05%
ARMK	A	0.05%
ABG	C	0.05%
OGN	B	0.05%
RNR	B	0.05%
ALK	D	0.05%
OC	C	0.05%
WPC	D	0.05%
COOP	C	0.05%
R	B	0.05%
LNC	B	0.05%
RS	D	0.05%
AR	B	0.05%
GPS	C	0.05%
MUR	D	0.05%
STWD	D	0.05%
SANM	B	0.04%
WSO	B	0.04%
AAP	F	0.04%
COLB	F	0.04%
BJ	A	0.04%
MUSA	A	0.04%
BERY	C	0.04%
GPI	C	0.04%
OZK	D	0.04%
FOX	A	0.04%
WCC	D	0.04%
VNO	B	0.04%
GLPI	C	0.04%
VOYA	B	0.04%
WU	D	0.04%
DKS	B	0.04%
AN	D	0.04%
JLL	B	0.04%
EWBC	C	0.04%
JHG	B	0.04%
TOL	D	0.04%
VFC	C	0.04%
JEF	B	0.04%
ORI	C	0.04%
AMKR	B	0.04%
UGI	D	0.04%
IBKR	B	0.04%
FHN	C	0.04%
PBF	D	0.04%
BURL	A	0.03%
EME	B	0.03%
FNB	C	0.03%
CLH	A	0.03%
BHF	D	0.03%
RDN	B	0.03%
PENN	C	0.03%
GDDY	A	0.03%
WFRD	C	0.03%
CNXC	F	0.03%
HOG	F	0.03%
NWL	F	0.03%
NNN	B	0.03%
URBN	B	0.03%
FLR	B	0.03%
AMH	B	0.03%
NXST	C	0.03%
THO	F	0.03%
PAG	D	0.03%
PR	C	0.03%
ARCH	D	0.03%
CSL	B	0.03%
NFG	C	0.03%
OGE	C	0.03%
ONB	C	0.03%
XPO	D	0.03%
MDU	A	0.03%
POST	C	0.03%
CNO	C	0.03%
ALV	D	0.03%
KNX	C	0.03%
GNW	D	0.03%
HIW	B	0.03%
SF	B	0.03%
MTDR	D	0.03%
ASB	D	0.03%
WTRG	C	0.03%
VLY	F	0.03%
GPK	C	0.03%
APLE	D	0.03%
WSM	C	0.03%
BXMT	C	0.03%
NOV	C	0.03%
MPW	C	0.03%
PK	D	0.03%
SNV	C	0.03%
FAF	D	0.03%
SM	C	0.03%
ABM	B	0.03%
CLF	F	0.03%
FYBR	B	0.03%
SON	D	0.03%
HP	D	0.03%
INGR	D	0.03%
WBS	D	0.03%
CCK	D	0.03%
OGS	D	0.03%
DXC	C	0.03%
CACI	A	0.03%
KD	B	0.03%
TMHC	D	0.03%
NOG	C	0.03%
CMC	C	0.03%
GT	F	0.03%
OHI	A	0.03%
MAN	D	0.03%
SKX	B	0.03%
UTHR	A	0.03%
BKH	C	0.03%
CASY	B	0.03%
RRC	D	0.03%
CNX	C	0.03%
HCC	D	0.03%
KRC	F	0.03%
AGCO	F	0.03%
STAG	C	0.02%
ERIE	C	0.02%
FLS	C	0.02%
JBGS	C	0.02%
GATX	C	0.02%
SEIC	C	0.02%
RNST	C	0.02%
DAN	F	0.02%
TXRH	A	0.02%
VAC	F	0.02%
SLG	B	0.02%
TNL	B	0.02%
BANR	B	0.02%
KBR	C	0.02%
MIDD	D	0.02%
CIEN	D	0.02%
TTEK	B	0.02%
CABO	F	0.02%
SLM	C	0.02%
ENS	C	0.02%
VAL	C	0.02%
ELS	C	0.02%
MGY	C	0.02%
REZI	D	0.02%
RRX	F	0.02%
CRUS	A	0.02%
AXTA	C	0.02%
IBTX	B	0.02%
EEFT	D	0.02%
GNTX	D	0.02%
SEE	C	0.02%
COLM	C	0.02%
ANDE	D	0.02%
PFS	F	0.02%
REXR	C	0.02%
EVR	B	0.02%
BHE	C	0.02%
MTN	F	0.02%
GEO	C	0.02%
OI	F	0.02%
PSTG	C	0.02%
KAR	C	0.02%
POR	C	0.02%
PEB	D	0.02%
ASO	F	0.02%
LBRT	D	0.02%
WIRE	B	0.02%
EAT	B	0.02%
PNM	D	0.02%
WOR	F	0.02%
CBT	D	0.02%
MMS	B	0.02%
BANC	D	0.02%
GEF	F	0.02%
SIGI	F	0.02%
FHB	C	0.02%
VVV	B	0.02%
WAFD	D	0.02%
ATI	D	0.02%
BCC	D	0.02%
LII	B	0.02%
VSH	F	0.02%
MSM	D	0.02%
MATX	A	0.02%
GBX	D	0.02%
PTEN	D	0.02%
MLKN	D	0.02%
GXO	F	0.02%
AGO	C	0.02%
SR	C	0.02%
PRI	B	0.02%
TCBI	D	0.02%
G	D	0.02%
NATL	B	0.02%
CRC	C	0.02%
TKR	D	0.02%
HBI	C	0.02%
FLO	C	0.02%
CW	B	0.02%
BC	F	0.02%
THG	D	0.02%
TDS	C	0.02%
CBSH	C	0.02%
SKYW	B	0.02%
SBRA	A	0.02%
ASH	C	0.02%
PRG	B	0.02%
BLD	D	0.02%
SAIC	D	0.02%
JBLU	D	0.02%
IBOC	C	0.02%
AVNT	D	0.02%
SFM	A	0.02%
FFBC	C	0.02%
ADC	B	0.02%
COKE	A	0.02%
SSB	D	0.02%
ENVA	C	0.02%
AMR	F	0.02%
SNEX	C	0.02%
CWK	C	0.02%
CC	F	0.02%
SATS	C	0.02%
SLGN	D	0.02%
PRGO	F	0.02%
SFNC	D	0.02%
CFR	D	0.02%
TPH	D	0.02%
ALE	B	0.02%
AIRC	A	0.02%
PDCO	D	0.02%
CNK	A	0.02%
WTFC	C	0.02%
EHC	B	0.02%
UBSI	D	0.02%
COTY	D	0.02%
PNFP	D	0.02%
CWEN	C	0.02%
ST	D	0.02%
BRX	B	0.02%
RPM	C	0.02%
AM	A	0.02%
ESNT	B	0.02%
MTH	D	0.02%
WWD	B	0.02%
DTM	A	0.02%
FL	B	0.02%
CG	D	0.02%
SWX	C	0.02%
NVT	C	0.02%
CADE	C	0.02%
KBH	B	0.02%
NYCB	F	0.02%
CAR	D	0.02%
LNW	B	0.02%
AMG	C	0.02%
BKU	C	0.02%
ADNT	F	0.02%
KEX	B	0.02%
UFPI	D	0.02%
LAMR	B	0.02%
SEM	A	0.02%
SIG	D	0.02%
JWN	C	0.02%
CUZ	D	0.02%
MLI	C	0.02%
CROX	B	0.02%
KSS	C	0.02%
COHR	B	0.02%
PII	F	0.02%
CALM	B	0.02%
SCI	B	0.02%
DAR	D	0.02%
GME	C	0.02%
H	B	0.02%
PVH	C	0.02%
BTU	D	0.02%
NSIT	B	0.02%
CUBE	B	0.02%
MTG	B	0.02%
TRN	B	0.02%
HWC	C	0.02%
OSK	D	0.02%
MTZ	B	0.02%
ETRN	C	0.02%
TGNA	D	0.02%
PB	D	0.02%
DEI	C	0.02%
HRB	A	0.02%
CEIX	B	0.02%
JAZZ	F	0.02%
OLN	D	0.02%
CR	B	0.02%
GHC	D	0.02%
CATY	C	0.02%
ACM	C	0.02%
ABR	B	0.02%
AA	C	0.02%
APOG	D	0.01%
VRRM	B	0.01%
AWR	D	0.01%
LTC	B	0.01%
SEDG	F	0.01%
AMBC	F	0.01%
SVC	F	0.01%
MYGN	B	0.01%
TBBK	C	0.01%
ESE	D	0.01%
ESAB	D	0.01%
RDNT	C	0.01%
RMBS	F	0.01%
CHCO	C	0.01%
EZPW	D	0.01%
SCHL	D	0.01%
UFCS	D	0.01%
NVRI	C	0.01%
AZTA	C	0.01%
NEOG	C	0.01%
AMWD	F	0.01%
CUBI	C	0.01%
CHH	B	0.01%
ZI	F	0.01%
ROCK	D	0.01%
KNF	C	0.01%
ROG	C	0.01%
SAFT	D	0.01%
EGBN	D	0.01%
HCSG	D	0.01%
PLAY	F	0.01%
VRTS	C	0.01%
BGS	F	0.01%
CHE	D	0.01%
CPF	B	0.01%
BRKR	F	0.01%
GTY	D	0.01%
ALGT	F	0.01%
CASH	B	0.01%
MSA	C	0.01%
SBCF	D	0.01%
AEIS	C	0.01%
CHEF	A	0.01%
GES	F	0.01%
CPK	D	0.01%
SKT	D	0.01%
XHR	D	0.01%
MATV	D	0.01%
AZZ	C	0.01%
CAKE	A	0.01%
TRIP	F	0.01%
NHC	A	0.01%
BKE	C	0.01%
HAIN	D	0.01%
RCM	B	0.01%
CWT	D	0.01%
MMSI	B	0.01%
EXP	D	0.01%
RGEN	F	0.01%
RES	D	0.01%
MC	D	0.01%
AWI	D	0.01%
DOCS	C	0.01%
BHLB	D	0.01%
DRH	D	0.01%
JBT	C	0.01%
AIN	D	0.01%
EIG	C	0.01%
EFC	B	0.01%
EXLS	C	0.01%
FWRD	D	0.01%
GFF	D	0.01%
CARG	B	0.01%
OUT	C	0.01%
VC	F	0.01%
CAL	D	0.01%
SCL	D	0.01%
DCOM	C	0.01%
HAE	D	0.01%
FTDR	C	0.01%
FSS	D	0.01%
BLMN	F	0.01%
MGEE	D	0.01%
FIVE	F	0.01%
PLUS	D	0.01%
NGVT	F	0.01%
PJT	B	0.01%
TPX	D	0.01%
CBU	C	0.01%
FCPT	B	0.01%
HPP	F	0.01%
HIBB	A	0.01%
ICUI	C	0.01%
MNRO	F	0.01%
WRLD	F	0.01%
HLX	C	0.01%
BRBR	C	0.01%
DORM	B	0.01%
FIZZ	B	0.01%
CVCO	D	0.01%
GO	D	0.01%
ENR	C	0.01%
OII	C	0.01%
NSP	F	0.01%
ACLS	B	0.01%
ALKS	D	0.01%
DNOW	C	0.01%
ZD	C	0.01%
SBH	F	0.01%
SMPL	B	0.01%
THS	C	0.01%
BDC	B	0.01%
NBR	D	0.01%
PLAB	F	0.01%
MORN	C	0.01%
SFBS	D	0.01%
JJSF	B	0.01%
VIR	F	0.01%
AMN	F	0.01%
HQY	B	0.01%
DEA	B	0.01%
FBK	C	0.01%
STC	D	0.01%
NOVT	C	0.01%
EPRT	B	0.01%
OSIS	D	0.01%
EPC	B	0.01%
TDC	D	0.01%
KN	B	0.01%
IPGP	F	0.01%
HALO	A	0.01%
SHO	D	0.01%
YELP	F	0.01%
RYN	C	0.01%
AMED	F	0.01%
FELE	D	0.01%
UE	A	0.01%
AKR	B	0.01%
KWR	D	0.01%
SGH	C	0.01%
AOSL	A	0.01%
LGIH	F	0.01%
BCPC	B	0.01%
POWL	C	0.01%
WD	C	0.01%
MYRG	D	0.01%
EXPI	F	0.01%
IBP	D	0.01%
CLW	B	0.01%
UNF	F	0.01%
PIPR	A	0.01%
SPTN	F	0.01%
B	C	0.01%
CWEN	C	0.01%
WEN	F	0.01%
STRA	D	0.01%
OFG	C	0.01%
RXO	A	0.01%
RH	F	0.01%
LXP	B	0.01%
SYNA	D	0.01%
BOOT	B	0.01%
LANC	D	0.01%
AROC	C	0.01%
BWXT	B	0.01%
SCVL	B	0.01%
STBA	C	0.01%
HELE	F	0.01%
CVI	F	0.01%
UNFI	C	0.01%
MASI	B	0.01%
PHIN	D	0.01%
DT	F	0.01%
SXC	D	0.01%
HASI	C	0.01%
RWT	B	0.01%
KLIC	C	0.01%
PRDO	D	0.01%
CGNX	B	0.01%
VSTO	C	0.01%
HMN	D	0.01%
PBI	C	0.01%
GVA	B	0.01%
MTSI	B	0.01%
ARCB	F	0.01%
FORM	B	0.01%
KELYA	C	0.01%
GTLS	C	0.01%
PRK	B	0.01%
MEDP	B	0.01%
FFIN	D	0.01%
UCTT	B	0.01%
SSD	D	0.01%
KALU	D	0.01%
FDP	D	0.01%
ONTO	B	0.01%
IDCC	B	0.01%
NBTB	B	0.01%
AHCO	C	0.01%
IOSP	D	0.01%
KMT	D	0.01%
ENSG	B	0.01%
PINC	F	0.01%
ITGR	D	0.01%
RUN	C	0.01%
PUMP	F	0.01%
IRT	A	0.01%
PECO	C	0.01%
CRI	F	0.01%
PATK	C	0.01%
ORA	C	0.01%
CBRL	F	0.01%
BDN	D	0.01%
WERN	F	0.01%
WGO	F	0.01%
ENOV	F	0.01%
VNT	D	0.01%
CCOI	F	0.01%
SHOO	B	0.01%
ACIW	A	0.01%
VSAT	F	0.01%
LRN	B	0.01%
CCS	D	0.01%
SXT	C	0.01%
AXL	D	0.01%
BOH	D	0.01%
SITC	B	0.01%
CNXN	D	0.01%
SABR	F	0.01%
NPO	D	0.01%
BGC	C	0.01%
APAM	C	0.01%
AVAV	C	0.01%
MODG	C	0.01%
CTRE	C	0.01%
TREX	F	0.01%
WSFS	B	0.01%
DLX	B	0.01%
WTS	D	0.01%
WS	D	0.01%
PBH	C	0.01%
BRC	B	0.01%
NWS	A	0.01%
PCH	F	0.01%
WWW	B	0.01%
FND	D	0.01%
RLI	D	0.01%
MAT	F	0.01%
LOPE	D	0.01%
SAH	C	0.01%
GRBK	B	0.01%
WH	C	0.01%
CHX	C	0.01%
CENTA	D	0.01%
CRK	C	0.01%
NYT	B	0.01%
NBIX	C	0.01%
SCSC	D	0.01%
EGP	C	0.01%
OPCH	D	0.01%
TTMI	A	0.01%
LCII	F	0.01%
FHI	C	0.01%
ECPG	F	0.01%
HGV	D	0.01%
KW	D	0.01%
INDB	F	0.01%
MTX	B	0.01%
EPR	C	0.01%
LZB	B	0.01%
NEU	D	0.01%
LITE	B	0.01%
NSA	B	0.01%
LUMN	F	0.01%
RBC	C	0.01%
OTTR	D	0.01%
ITRI	C	0.01%
SAIA	B	0.01%
KLG	F	0.01%
SMG	D	0.01%
TRMK	C	0.01%
VBTX	C	0.01%
DLB	F	0.01%
PSMT	C	0.01%
BANF	D	0.01%
HNI	C	0.01%
DIOD	D	0.01%
HI	D	0.01%
AX	C	0.01%
BYD	D	0.01%
PLXS	C	0.01%
TEX	D	0.01%
HLI	C	0.01%
INVA	B	0.01%
GBCI	D	0.01%
GIII	D	0.01%
UCBI	D	0.01%
FUL	C	0.01%
FR	C	0.01%
SLCA	B	0.01%
ATGE	B	0.01%
NVST	F	0.01%
XRAY	F	0.01%
GGG	D	0.01%
UA	C	0.01%
NWN	F	0.01%
NMIH	B	0.01%
FBP	B	0.01%
WEX	D	0.01%
MKSI	B	0.01%
IDA	D	0.01%
WMS	C	0.01%
GMS	D	0.01%
AIT	C	0.01%
OLLI	B	0.01%
DBX	D	0.01%
UAA	C	0.01%
PPBI	D	0.01%
LECO	F	0.01%
FIX	C	0.01%
AUB	D	0.01%
ACA	C	0.01%
HOPE	D	0.01%
FCN	C	0.01%
AYI	D	0.01%
MCY	C	0.01%
ABCB	C	0.01%
KTB	B	0.01%
NAVI	F	0.01%
UVV	D	0.01%
SRCL	B	0.01%
ANF	C	0.01%
ACHC	D	0.01%
NWBI	C	0.01%
FN	B	0.01%
NWE	D	0.01%
MAC	D	0.01%
BCO	A	0.01%
AEO	C	0.01%
LSTR	B	0.01%
ASGN	D	0.01%
CXW	D	0.01%
OMI	F	0.01%
CNM	D	0.01%
SLVM	B	0.01%
IIPR	B	0.01%
CVBF	D	0.01%
ODP	F	0.01%
PMT	D	0.01%
ATR	C	0.01%
RGLD	C	0.01%
VSCO	F	0.01%
LPX	C	0.01%
EXEL	B	0.01%
PARR	F	0.01%
HTH	D	0.01%
GMED	A	0.01%
MHO	C	0.01%
VMI	B	0.01%
SPNT	D	0.01%
RC	D	0.01%
MOG.A	C	0.01%
VGR	B	0.01%
NJR	C	0.01%
DY	C	0.01%
CHDN	A	0.01%
LPG	C	0.01%
KFY	B	0.01%
CRS	B	0.01%
CPRI	F	0.01%
AVA	D	0.01%
GNL	F	0.01%
TTC	C	0.01%
ITT	D	0.01%
VSTS	D	0.01%
XRX	F	0.01%
RUSHA	D	0.01%
LEG	F	0.01%
LFUS	C	0.01%
DCI	D	0.01%
FULT	C	0.01%
UMBF	C	0.01%
PPC	C	0.01%
HUBG	B	0.01%
KMPR	D	0.01%
HOMB	C	0.01%
KRG	B	0.01%
TALO	D	0.01%
ARI	D	0.01%
VICR	F	0.0%
UHT	C	0.0%
NPK	D	0.0%
LNN	D	0.0%
DDD	F	0.0%
CHUY	F	0.0%
CRNC	F	0.0%
XPEL	F	0.0%
NARI	C	0.0%
AGYS	B	0.0%
VCEL	C	0.0%
SPWR	D	0.0%
CACC	D	0.0%
MSEX	D	0.0%
CNMD	F	0.0%
EXPO	B	0.0%
OSUR	F	0.0%
EMBC	C	0.0%
LESL	F	0.0%
VREX	F	0.0%
SNCY	D	0.0%
CLB	B	0.0%
SITM	B	0.0%
GOGO	F	0.0%
AAON	C	0.0%
LQDT	B	0.0%
CEVA	F	0.0%
TRUP	B	0.0%
HCI	D	0.0%
MED	F	0.0%
MEI	F	0.0%
TGI	B	0.0%
ATNI	D	0.0%
BMI	C	0.0%
TTEC	F	0.0%
OMCL	F	0.0%
RGP	D	0.0%
TTGT	C	0.0%
CMP	F	0.0%
RGNX	F	0.0%
NXRT	B	0.0%
DGII	F	0.0%
ARWR	C	0.0%
STAA	C	0.0%
PGNY	F	0.0%
CERT	F	0.0%
WOLF	D	0.0%
GKOS	B	0.0%
TNDM	C	0.0%
COHU	C	0.0%
CPRX	D	0.0%
CHCT	F	0.0%
NABL	A	0.0%
BJRI	B	0.0%
PCRX	D	0.0%
MRCY	F	0.0%
HVT	F	0.0%
PCTY	F	0.0%
JBSS	D	0.0%
EPAC	B	0.0%
NFBK	D	0.0%
MYE	F	0.0%
ASTE	F	0.0%
SSTK	F	0.0%
PEN	F	0.0%
ICHR	D	0.0%
ADUS	A	0.0%
AHH	C	0.0%
IPAR	C	0.0%
CYTK	F	0.0%
WSR	B	0.0%
HRMY	C	0.0%
DV	D	0.0%
PRLB	F	0.0%
HSII	C	0.0%
SXI	D	0.0%
CTS	B	0.0%
COLL	D	0.0%
VVI	D	0.0%
IIIN	D	0.0%
DIN	F	0.0%
XNCR	F	0.0%
CARS	C	0.0%
EXTR	C	0.0%
DRQ	D	0.0%
CRSR	F	0.0%
CFFN	C	0.0%
CCRN	F	0.0%
UNIT	F	0.0%
AVNS	F	0.0%
SHEN	F	0.0%
CENT	F	0.0%
FOXF	C	0.0%
CLDT	F	0.0%
MXL	C	0.0%
PZZA	F	0.0%
TMP	D	0.0%
SLAB	F	0.0%
KNSL	F	0.0%
ELF	B	0.0%
CSGS	F	0.0%
IRDM	F	0.0%
RGR	F	0.0%
WDFC	D	0.0%
CELH	F	0.0%
MCS	C	0.0%
BSIG	D	0.0%
AMPH	D	0.0%
TILE	D	0.0%
CVGW	F	0.0%
JACK	F	0.0%
NX	F	0.0%
VIAV	F	0.0%
INN	D	0.0%
GPRE	D	0.0%
AMSF	F	0.0%
TNC	D	0.0%
SPSC	B	0.0%
SMTC	D	0.0%
SJW	F	0.0%
ASIX	F	0.0%
THRY	F	0.0%
YETI	C	0.0%
ALG	F	0.0%
NUS	F	0.0%
USNA	F	0.0%
GDEN	F	0.0%
HTLD	C	0.0%
ALGM	F	0.0%
RILY	F	0.0%
IRWD	F	0.0%
ROIC	D	0.0%
SMP	F	0.0%
WABC	D	0.0%
DXPE	D	0.0%
BLKB	D	0.0%
THRM	F	0.0%
WING	B	0.0%
DFIN	C	0.0%
MGPI	F	0.0%
KOP	F	0.0%
PLMR	D	0.0%
PRGS	F	0.0%
ASTH	C	0.0%
SONO	F	0.0%
CRVL	C	0.0%
MATW	F	0.0%
QLYS	D	0.0%
HFWA	D	0.0%
LNTH	B	0.0%
HLIT	B	0.0%
PAHC	B	0.0%
ALRM	D	0.0%
MCW	D	0.0%
POWI	D	0.0%
NTCT	F	0.0%
FBNC	D	0.0%
MD	D	0.0%
LIVN	C	0.0%
RCUS	D	0.0%
REX	F	0.0%
NVEE	F	0.0%
NEO	F	0.0%
WNC	D	0.0%
SUPN	F	0.0%
AMCX	F	0.0%
MANH	B	0.0%
FLGT	D	0.0%
HAFC	C	0.0%
JOE	D	0.0%
CALX	C	0.0%
DBI	D	0.0%
IART	D	0.0%
LKFN	D	0.0%
TRST	D	0.0%
ETD	D	0.0%
PRFT	B	0.0%
USPH	D	0.0%
CNSL	B	0.0%
QNST	D	0.0%
PRA	F	0.0%
HAYN	D	0.0%
DVAX	F	0.0%
UTL	D	0.0%
CORT	B	0.0%
PRAA	F	0.0%
CVLT	A	0.0%
HTZ	F	0.0%
CENX	C	0.0%
RAMP	D	0.0%
OLED	B	0.0%
FCF	D	0.0%
ZEUS	F	0.0%
KREF	D	0.0%
TR	C	0.0%
EYE	F	0.0%
EVTC	D	0.0%
VTOL	B	0.0%
MRTN	C	0.0%
SIX	B	0.0%
ENV	C	0.0%
GDOT	C	0.0%
MMI	F	0.0%
ALEX	B	0.0%
BRKL	F	0.0%
MTRN	D	0.0%
VECO	B	0.0%
SHAK	D	0.0%
TWI	F	0.0%
MP	F	0.0%
HXL	D	0.0%
PFBC	D	0.0%
HWKN	A	0.0%
LSCC	F	0.0%
AAT	B	0.0%
OXM	D	0.0%
SBSI	D	0.0%
MOV	D	0.0%
HZO	C	0.0%
AIR	C	0.0%
MERC	D	0.0%
BFS	D	0.0%
SHC	C	0.0%
FTRE	F	0.0%
CSR	B	0.0%
MCRI	C	0.0%
NBHC	A	0.0%
MSGS	C	0.0%
SAM	C	0.0%
LGND	C	0.0%

VLU Underweight 1 Positions Relative to GSPY

	Symbol	Grade	Weight
	GEV	B	-0.04%