VLU vs. MGC ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Vanguard Mega Cap ETF (MGC)

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

$195.32

Average Daily Volume

10,168

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

MGC

Vanguard Mega Cap ETF

MGC Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks. 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

$214.56

Average Daily Volume

67,190

Number of Holdings ^*

193

* may have additional holdings in another (foreign) market

Performance

Period	VLU	MGC
30 Days	6.11%	2.80%
60 Days	6.68%	4.15%
90 Days	8.76%	6.31%
12 Months	32.12%	33.52%

186 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in MGC	Overlap
AAPL	B	2.4%	8.16%	2.4%
ABBV	D	0.37%	0.9%	0.37%
ABNB	C	0.06%	0.13%	0.06%
ABT	B	0.25%	0.49%	0.25%
ACN	B	0.31%	0.54%	0.31%
ADBE	C	0.17%	0.53%	0.17%
ADI	D	0.12%	0.28%	0.12%
ADP	B	0.09%	0.29%	0.09%
ADSK	B	0.03%	0.15%	0.03%
AEP	D	0.16%	0.13%	0.13%
AFL	B	0.21%	0.15%	0.15%
AIG	B	0.24%	0.06%	0.06%
AMAT	F	0.1%	0.37%	0.1%
AMD	F	0.12%	0.58%	0.12%
AMGN	D	0.23%	0.43%	0.23%
AMT	D	0.13%	0.25%	0.13%
AMZN	C	2.04%	4.4%	2.04%
ANET	C	0.07%	0.24%	0.07%
AON	A	0.07%	0.19%	0.07%
APD	A	0.15%	0.17%	0.15%
AVGO	D	0.42%	1.98%	0.42%
AXP	A	0.35%	0.34%	0.34%
AZO	C	0.06%	0.06%	0.06%
BA	D	0.16%	0.27%	0.16%
BAC	A	1.57%	0.73%	0.73%
BDX	F	0.08%	0.17%	0.08%
BK	A	0.29%	0.14%	0.14%
BKNG	B	0.12%	0.39%	0.12%
BLK	C	0.22%	0.35%	0.22%
BMY	B	0.35%	0.28%	0.28%
BRK.A	B	2.43%	0.14%	0.14%
BRK.A	B	2.43%	1.92%	1.92%
BSX	C	0.11%	0.31%	0.11%
BX	B	0.14%	0.3%	0.14%
C	A	1.13%	0.29%	0.29%
CAT	B	0.24%	0.46%	0.24%
CB	D	0.34%	0.27%	0.27%
CCI	D	0.1%	0.12%	0.1%
CDNS	B	0.02%	0.19%	0.02%
CHTR	C	0.33%	0.08%	0.08%
CI	D	0.34%	0.22%	0.22%
CL	D	0.09%	0.19%	0.09%
CMCSA	C	0.62%	0.42%	0.42%
CME	A	0.1%	0.2%	0.1%
CMG	B	0.04%	0.19%	0.04%
COF	B	0.61%	0.15%	0.15%
COP	D	0.41%	0.32%	0.32%
COST	B	0.28%	0.97%	0.28%
CRM	B	0.27%	0.67%	0.27%
CSCO	A	0.51%	0.5%	0.5%
CSX	B	0.1%	0.16%	0.1%
CVS	D	0.58%	0.18%	0.18%
CVX	B	1.36%	0.65%	0.65%
D	C	0.24%	0.06%	0.06%
DE	B	0.22%	0.26%	0.22%
DHR	D	0.11%	0.4%	0.11%
DIS	B	0.32%	0.44%	0.32%
DUK	C	0.33%	0.22%	0.22%
ECL	D	0.04%	0.16%	0.04%
EL	F	0.03%	0.02%	0.02%
ELV	F	0.29%	0.24%	0.24%
EMR	A	0.16%	0.15%	0.15%
EOG	C	0.24%	0.17%	0.17%
EQIX	A	0.07%	0.22%	0.07%
ETN	A	0.12%	0.33%	0.12%
EW	C	0.04%	0.05%	0.04%
F	C	0.37%	0.1%	0.1%
FCX	F	0.08%	0.16%	0.08%
FDX	B	0.25%	0.15%	0.15%
FI	A	0.16%	0.28%	0.16%
FTNT	C	0.04%	0.06%	0.04%
GD	F	0.21%	0.17%	0.17%
GE	D	0.27%	0.44%	0.27%
GILD	B	0.35%	0.28%	0.28%
GM	B	0.55%	0.14%	0.14%
GOOG	C	1.15%	2.06%	1.15%
GOOGL	C	0.72%	2.49%	0.72%
GS	B	0.59%	0.41%	0.41%
HCA	F	0.18%	0.16%	0.16%
HD	A	0.52%	0.98%	0.52%
HLT	A	0.02%	0.07%	0.02%
HON	B	0.23%	0.33%	0.23%
HUM	C	0.17%	0.08%	0.08%
IBM	C	0.41%	0.48%	0.41%
ICE	D	0.11%	0.22%	0.11%
INTC	C	0.33%	0.21%	0.21%
INTU	C	0.06%	0.41%	0.06%
ISRG	C	0.1%	0.45%	0.1%
ITW	A	0.09%	0.18%	0.09%
JCI	C	0.16%	0.06%	0.06%
JNJ	D	0.78%	0.96%	0.78%
JPM	B	1.53%	1.58%	1.53%
KDP	D	0.11%	0.09%	0.09%
KHC	D	0.24%	0.07%	0.07%
KLAC	F	0.04%	0.22%	0.04%
KMB	C	0.1%	0.11%	0.1%
KMI	B	0.45%	0.06%	0.06%
KO	D	0.36%	0.63%	0.36%
LIN	D	0.19%	0.54%	0.19%
LLY	F	0.19%	1.77%	0.19%
LMT	D	0.32%	0.33%	0.32%
LOW	C	0.23%	0.37%	0.23%
LRCX	F	0.07%	0.24%	0.07%
MA	B	0.13%	1.03%	0.13%
MAR	A	0.09%	0.15%	0.09%
MCD	D	0.15%	0.52%	0.15%
MCK	C	0.39%	0.16%	0.16%
MCO	A	0.04%	0.18%	0.04%
MDLZ	F	0.18%	0.23%	0.18%
MDT	D	0.32%	0.29%	0.29%
MET	A	0.42%	0.12%	0.12%
META	D	1.68%	3.1%	1.68%
MMC	A	0.12%	0.27%	0.12%
MMM	D	0.27%	0.18%	0.18%
MNST	B	0.05%	0.09%	0.05%
MO	A	0.36%	0.23%	0.23%
MPC	F	0.45%	0.12%	0.12%
MRK	F	0.3%	0.65%	0.3%
MS	B	0.63%	0.35%	0.35%
MSFT	D	1.41%	7.55%	1.41%
MU	D	0.13%	0.28%	0.13%
NEE	D	0.34%	0.41%	0.34%
NFLX	B	0.19%	0.81%	0.19%
NKE	F	0.12%	0.23%	0.12%
NOC	D	0.15%	0.19%	0.15%
NOW	B	0.06%	0.48%	0.06%
NSC	A	0.12%	0.14%	0.12%
NVDA	C	0.36%	7.76%	0.36%
ORCL	C	0.45%	0.69%	0.45%
ORLY	B	0.08%	0.17%	0.08%
OXY	F	0.17%	0.08%	0.08%
PANW	C	0.07%	0.29%	0.07%
PAYX	B	0.06%	0.11%	0.06%
PEP	F	0.33%	0.57%	0.33%
PFE	D	0.7%	0.4%	0.4%
PG	A	0.48%	0.97%	0.48%
PGR	A	0.18%	0.36%	0.18%
PH	A	0.1%	0.2%	0.1%
PLD	D	0.13%	0.26%	0.13%
PM	B	0.56%	0.52%	0.52%
PNC	A	0.41%	0.19%	0.19%
PSA	C	0.07%	0.13%	0.07%
PSX	C	0.47%	0.13%	0.13%
PYPL	A	0.18%	0.2%	0.18%
QCOM	F	0.22%	0.45%	0.22%
REGN	F	0.1%	0.23%	0.1%
ROP	B	0.05%	0.14%	0.05%
ROST	C	0.06%	0.12%	0.06%
RSG	A	0.09%	0.1%	0.09%
RTX	D	0.44%	0.4%	0.4%
SBUX	B	0.14%	0.28%	0.14%
SCHW	A	0.26%	0.27%	0.26%
SHW	A	0.06%	0.2%	0.06%
SLB	C	0.13%	0.14%	0.13%
SNPS	B	0.04%	0.2%	0.04%
SO	D	0.3%	0.25%	0.25%
SPG	C	0.06%	0.07%	0.06%
SPGI	C	0.12%	0.38%	0.12%
SRE	A	0.18%	0.13%	0.13%
STZ	D	0.05%	0.1%	0.05%
SYK	C	0.09%	0.31%	0.09%
T	A	1.4%	0.4%	0.4%
TFC	B	0.54%	0.14%	0.14%
TGT	F	0.22%	0.17%	0.17%
TJX	A	0.16%	0.32%	0.16%
TMO	F	0.14%	0.52%	0.14%
TMUS	A	0.43%	0.26%	0.26%
TRV	B	0.18%	0.14%	0.14%
TSLA	B	0.62%	1.7%	0.62%
TT	B	0.08%	0.21%	0.08%
TXN	D	0.24%	0.46%	0.24%
UBER	D	0.08%	0.36%	0.08%
UNH	B	1.15%	1.3%	1.15%
UNP	C	0.22%	0.35%	0.22%
UPS	C	0.37%	0.25%	0.25%
USB	A	0.39%	0.19%	0.19%
V	A	0.45%	1.21%	0.45%
VLO	C	0.38%	0.1%	0.1%
VRTX	D	0.1%	0.31%	0.1%
VZ	B	1.5%	0.4%	0.4%
WFC	A	1.25%	0.55%	0.55%
WM	A	0.1%	0.22%	0.1%
WMB	B	0.19%	0.08%	0.08%
WMT	B	1.82%	0.91%	0.91%
XOM	C	1.99%	1.3%	1.3%
ZTS	D	0.04%	0.18%	0.04%

VLU Overweight 1234 Positions Relative to MGC

Symbol	Grade	Weight
PRU	A	0.39%
COR	C	0.36%
DAL	B	0.35%
KR	A	0.33%
HPQ	B	0.31%
UAL	B	0.26%
CNC	F	0.26%
CAH	B	0.25%
KVUE	A	0.23%
HPE	B	0.23%
SW	B	0.22%
ADM	F	0.22%
SYF	A	0.22%
CCL	B	0.21%
EXC	D	0.19%
MTB	B	0.18%
CFG	B	0.18%
LYB	F	0.18%
LUV	B	0.17%
DD	D	0.17%
IP	B	0.17%
WBD	C	0.17%
BBY	D	0.16%
TSN	B	0.16%
ETR	B	0.16%
ALL	B	0.16%
PFG	C	0.16%
DFS	B	0.16%
XEL	A	0.15%
DOW	F	0.15%
KEY	A	0.15%
CMI	A	0.14%
PEG	A	0.14%
OKE	C	0.14%
STT	A	0.14%
PCG	B	0.13%
EQT	B	0.13%
HBAN	B	0.13%
LEN	C	0.13%
L	B	0.13%
RGA	A	0.13%
HIG	B	0.13%
VTRS	B	0.13%
NEM	F	0.13%
SYY	C	0.12%
ACGL	D	0.12%
FITB	B	0.12%
BKR	C	0.12%
RF	B	0.12%
DVN	F	0.12%
AMP	B	0.12%
PCAR	B	0.12%
WELL	C	0.12%
ED	D	0.12%
FIS	D	0.11%
CTSH	B	0.11%
O	D	0.11%
UNM	A	0.11%
VST	B	0.11%
PFGC	A	0.11%
BG	F	0.11%
NUE	D	0.11%
WEC	A	0.1%
LHX	C	0.1%
OVV	C	0.1%
EIX	A	0.1%
GIS	D	0.1%
GLW	B	0.1%
FANG	F	0.1%
DHI	D	0.1%
AFG	A	0.09%
LAD	B	0.09%
FOXA	C	0.09%
AEE	A	0.09%
TRGP	B	0.09%
VICI	C	0.09%
DTE	C	0.09%
PPL	B	0.09%
TAP	C	0.09%
SNX	C	0.08%
CNP	A	0.08%
FNF	B	0.08%
CMA	A	0.08%
LUMN	C	0.08%
USFD	A	0.08%
EQR	B	0.08%
CARR	C	0.08%
STLD	B	0.08%
EG	C	0.08%
K	A	0.08%
AAL	B	0.08%
CTVA	B	0.08%
NTRS	A	0.08%
MRO	B	0.08%
VTR	D	0.08%
ALLY	C	0.08%
CBRE	B	0.08%
ES	D	0.08%
EBAY	C	0.08%
RCL	B	0.08%
FE	D	0.07%
LVS	C	0.07%
JXN	B	0.07%
GRMN	A	0.07%
CHRD	F	0.07%
WTW	B	0.07%
BWA	C	0.07%
NXPI	D	0.07%
IVZ	B	0.07%
ATO	A	0.07%
X	C	0.07%
NDAQ	A	0.07%
AVB	B	0.07%
CINF	A	0.07%
HRL	D	0.07%
EVRG	A	0.07%
BIIB	F	0.07%
URI	B	0.07%
EQH	B	0.07%
MOS	F	0.07%
HAL	C	0.07%
TROW	A	0.07%
ZION	B	0.07%
AJG	A	0.06%
PARA	C	0.06%
BEN	C	0.06%
BXP	D	0.06%
FHN	B	0.06%
GWW	A	0.06%
LH	B	0.06%
CMS	C	0.06%
VFC	C	0.06%
NVR	D	0.06%
ALK	A	0.06%
VNO	B	0.06%
THC	D	0.06%
PHM	C	0.06%
OMC	C	0.06%
IBKR	B	0.06%
DINO	F	0.06%
CTRA	B	0.06%
PPG	D	0.06%
HES	C	0.06%
R	B	0.06%
NI	A	0.06%
JEF	A	0.06%
CF	B	0.06%
APH	B	0.06%
CAG	D	0.06%
GPN	C	0.06%
RJF	A	0.06%
WY	D	0.06%
CHRW	C	0.06%
MHK	D	0.06%
DVA	B	0.06%
ALB	C	0.05%
LYV	A	0.05%
WPC	D	0.05%
UHS	D	0.05%
JBL	C	0.05%
KMX	B	0.05%
PKG	B	0.05%
APTV	F	0.05%
JLL	B	0.05%
LDOS	D	0.05%
DOC	C	0.05%
LEA	F	0.05%
DG	F	0.05%
GPI	B	0.05%
BLDR	C	0.05%
ARE	D	0.05%
GPC	D	0.05%
IFF	D	0.05%
FOX	B	0.05%
EA	C	0.05%
ARMK	A	0.05%
OC	B	0.05%
EXPE	B	0.05%
SWK	D	0.05%
ZBH	C	0.05%
TOL	A	0.05%
CNX	B	0.05%
RS	B	0.05%
JHG	A	0.05%
BAX	F	0.05%
LNC	B	0.05%
RNR	C	0.05%
PNW	B	0.05%
GEN	A	0.05%
WRB	A	0.05%
WBA	D	0.05%
WHR	B	0.05%
COOP	B	0.05%
ARW	D	0.05%
STWD	C	0.05%
HSY	F	0.05%
NRG	C	0.05%
DGX	B	0.05%
EWBC	B	0.05%
AWK	D	0.05%
COLB	B	0.05%
AMCR	D	0.05%
J	F	0.04%
DOV	A	0.04%
XPO	B	0.04%
OGS	A	0.04%
BRO	B	0.04%
NOG	A	0.04%
CPT	B	0.04%
KIM	A	0.04%
UTHR	C	0.04%
TXT	D	0.04%
M	D	0.04%
SF	B	0.04%
AN	B	0.04%
CNO	A	0.04%
BKH	B	0.04%
NTAP	C	0.04%
OHI	D	0.04%
SANM	B	0.04%
EXPD	C	0.04%
DLTR	D	0.04%
MOH	F	0.04%
MUSA	B	0.04%
AME	A	0.04%
GL	C	0.04%
TMHC	A	0.04%
AES	F	0.04%
SWKS	F	0.04%
REG	B	0.04%
HST	C	0.04%
FYBR	D	0.04%
KRC	C	0.04%
SNA	A	0.04%
BERY	B	0.04%
TKO	B	0.04%
CEG	D	0.04%
MKC	D	0.04%
WSO	A	0.04%
GAP	C	0.04%
HWM	B	0.04%
VLY	B	0.04%
MCHP	F	0.04%
APA	F	0.04%
PWR	A	0.04%
ROK	B	0.04%
FAST	B	0.04%
BALL	D	0.04%
MAA	B	0.04%
MUR	F	0.04%
SNV	B	0.04%
CIVI	D	0.04%
AA	A	0.04%
CTAS	B	0.04%
GLPI	B	0.04%
INVH	D	0.04%
DLR	A	0.04%
AVT	C	0.04%
TPR	A	0.04%
VOYA	B	0.04%
ON	C	0.04%
WBS	B	0.04%
CPB	D	0.04%
LNT	A	0.04%
ROIV	B	0.04%
CPAY	A	0.04%
IQV	F	0.04%
AR	B	0.04%
SJM	D	0.04%
ESS	B	0.04%
IRM	C	0.04%
AIZ	B	0.04%
WDC	C	0.04%
AL	A	0.04%
MGM	F	0.04%
UGI	A	0.04%
OZK	B	0.04%
STX	D	0.04%
EXR	C	0.04%
WCC	B	0.04%
DRI	B	0.04%
WAB	B	0.04%
EMN	D	0.04%
ORI	A	0.04%
MSI	C	0.04%
ABG	B	0.04%
CLH	B	0.03%
TGNA	B	0.03%
SSB	B	0.03%
MTG	B	0.03%
HAS	D	0.03%
FMC	D	0.03%
INCY	C	0.03%
LAMR	C	0.03%
DAR	C	0.03%
MAN	D	0.03%
NXST	C	0.03%
ARCH	B	0.03%
CADE	B	0.03%
JNPR	F	0.03%
MAS	C	0.03%
CSL	B	0.03%
PK	B	0.03%
TRN	B	0.03%
BURL	B	0.03%
MTDR	C	0.03%
RDN	C	0.03%
SFNC	B	0.03%
ILMN	C	0.03%
FSLR	F	0.03%
ULTA	F	0.03%
BXMT	C	0.03%
CUZ	B	0.03%
TDS	B	0.03%
PENN	C	0.03%
AKAM	F	0.03%
POST	B	0.03%
PAG	B	0.03%
HBI	B	0.03%
COKE	C	0.03%
WAFD	B	0.03%
WTFC	B	0.03%
GPK	C	0.03%
HSIC	B	0.03%
CR	B	0.03%
WTRG	B	0.03%
BRX	A	0.03%
DTM	B	0.03%
GNW	A	0.03%
FLR	B	0.03%
GEHC	F	0.03%
NFG	B	0.03%
BHF	B	0.03%
HUBB	B	0.03%
HWC	B	0.03%
CEIX	A	0.03%
APLE	B	0.03%
CWK	B	0.03%
HP	C	0.03%
PBF	D	0.03%
BKU	B	0.03%
CDW	F	0.03%
THO	B	0.03%
AGCO	D	0.03%
CNK	B	0.03%
UDR	B	0.03%
FNB	B	0.03%
CBOE	B	0.03%
ABM	B	0.03%
PR	C	0.03%
CFR	B	0.03%
EME	B	0.03%
PNFP	B	0.03%
GHC	B	0.03%
ODFL	B	0.03%
IT	C	0.03%
BTU	C	0.03%
DEI	A	0.03%
CHD	B	0.03%
RRC	B	0.03%
OGE	A	0.03%
NWSA	B	0.03%
PB	B	0.03%
RL	B	0.03%
ACM	A	0.03%
MTZ	B	0.03%
GEO	B	0.03%
COHR	C	0.03%
MLM	B	0.03%
GDDY	B	0.03%
CACI	D	0.03%
HIW	D	0.03%
HCC	B	0.03%
SFM	B	0.03%
CLX	C	0.03%
NWL	A	0.03%
CALM	B	0.03%
KD	B	0.03%
FTV	B	0.03%
LULU	C	0.03%
VMC	B	0.03%
YUM	B	0.03%
LKQ	D	0.03%
A	D	0.03%
JBHT	C	0.03%
CATY	B	0.03%
DKS	C	0.03%
BJ	B	0.03%
KEYS	B	0.03%
GME	C	0.03%
WU	D	0.03%
MLI	C	0.03%
DXC	B	0.03%
TDY	B	0.03%
OGN	F	0.03%
ONB	B	0.03%
IPG	C	0.03%
CASY	B	0.03%
FAF	B	0.03%
CCK	D	0.03%
KNX	B	0.03%
ASB	B	0.03%
CMC	B	0.03%
TSCO	C	0.03%
INGR	B	0.03%
WLK	D	0.03%
CPRT	A	0.03%
NCLH	B	0.03%
OTIS	C	0.03%
AYI	B	0.02%
INDB	B	0.02%
GMED	A	0.02%
ITT	A	0.02%
EPAM	C	0.02%
VVV	F	0.02%
HUBG	A	0.02%
KTB	A	0.02%
CNXC	F	0.02%
MGY	B	0.02%
FLO	C	0.02%
ADNT	F	0.02%
MAC	A	0.02%
VMI	A	0.02%
VSTS	C	0.02%
MRNA	F	0.02%
GATX	A	0.02%
ERIE	D	0.02%
NSIT	F	0.02%
AIT	B	0.02%
ATI	D	0.02%
PLXS	B	0.02%
VLTO	C	0.02%
AX	B	0.02%
LPX	B	0.02%
CABO	C	0.02%
ELS	C	0.02%
NWBI	B	0.02%
VYX	C	0.02%
KMPR	B	0.02%
UAA	C	0.02%
MHO	C	0.02%
LITE	B	0.02%
FICO	B	0.02%
MSM	C	0.02%
TXRH	A	0.02%
EFX	D	0.02%
MOG.A	B	0.02%
KRG	B	0.02%
MCY	B	0.02%
SIGI	B	0.02%
POR	C	0.02%
WFRD	F	0.02%
NDSN	B	0.02%
GEF	B	0.02%
AXTA	A	0.02%
SEIC	A	0.02%
CVBF	B	0.02%
SLM	B	0.02%
NWE	A	0.02%
NATL	C	0.02%
FLS	A	0.02%
TNL	A	0.02%
CBT	C	0.02%
ABCB	B	0.02%
NVT	B	0.02%
KSS	F	0.02%
RRX	A	0.02%
WWD	B	0.02%
BCC	B	0.02%
OI	C	0.02%
FULT	B	0.02%
MTD	F	0.02%
PRG	B	0.02%
BHE	B	0.02%
PII	F	0.02%
FL	D	0.02%
BC	C	0.02%
LII	A	0.02%
SAIC	F	0.02%
SBAC	D	0.02%
CRC	C	0.02%
SR	A	0.02%
ALE	A	0.02%
CAR	C	0.02%
AXON	B	0.02%
BYD	B	0.02%
KAR	B	0.02%
ESNT	D	0.02%
LNW	D	0.02%
SLG	B	0.02%
MDU	F	0.02%
RUSHA	B	0.02%
PRGO	C	0.02%
AGO	A	0.02%
IDA	B	0.02%
OLN	F	0.02%
PTC	A	0.02%
REZI	B	0.02%
AUB	B	0.02%
WYNN	D	0.02%
WAT	B	0.02%
AAP	C	0.02%
PPC	C	0.02%
PVH	C	0.02%
BANC	B	0.02%
IDXX	F	0.02%
SWX	B	0.02%
CWEN	C	0.02%
AM	B	0.02%
HOG	F	0.02%
TYL	A	0.02%
GXO	B	0.02%
FBIN	D	0.02%
PNM	F	0.02%
EAT	A	0.02%
UMBF	B	0.02%
AVNT	B	0.02%
GBX	A	0.02%
TTWO	B	0.02%
RNST	B	0.02%
BBWI	C	0.02%
GBCI	B	0.02%
PRI	A	0.02%
TCBI	B	0.02%
TPH	C	0.02%
CIEN	B	0.02%
MTH	C	0.02%
AVY	D	0.02%
URBN	C	0.02%
CLF	F	0.02%
RVTY	D	0.02%
MATX	C	0.02%
CW	B	0.02%
EHC	B	0.02%
BANF	B	0.02%
SBRA	B	0.02%
FHB	B	0.02%
JWN	A	0.02%
JBLU	F	0.02%
IBTX	B	0.02%
SIG	B	0.02%
ADC	B	0.02%
H	A	0.02%
KEX	B	0.02%
HII	F	0.02%
EVR	B	0.02%
SLGN	A	0.02%
HOMB	B	0.02%
STE	F	0.02%
WSM	B	0.02%
KBH	C	0.02%
RHI	C	0.02%
BANR	B	0.02%
VRSN	F	0.02%
GNRC	B	0.02%
CBSH	B	0.02%
SEM	B	0.02%
ALGN	D	0.02%
THG	C	0.02%
RPM	A	0.02%
DECK	A	0.02%
IBOC	B	0.02%
OSK	B	0.02%
UFPI	B	0.02%
PNR	B	0.02%
AMKR	F	0.02%
TRMB	B	0.02%
IR	A	0.02%
CRS	B	0.02%
SKYW	B	0.02%
CXW	C	0.02%
CUBE	D	0.02%
ALV	C	0.02%
G	B	0.02%
BR	A	0.02%
ABR	C	0.02%
SATS	D	0.02%
NOV	C	0.02%
FFIV	A	0.02%
PFS	B	0.02%
CSGP	C	0.02%
TDG	D	0.02%
HOLX	D	0.02%
ENVA	B	0.02%
FFBC	B	0.02%
AMG	B	0.02%
ZBRA	A	0.02%
SNEX	A	0.02%
CG	B	0.02%
NNN	D	0.02%
XYL	D	0.02%
MPW	F	0.02%
JAZZ	B	0.02%
SCI	A	0.02%
UBSI	B	0.02%
RMD	C	0.02%
SON	D	0.02%
VSCO	B	0.02%
GT	C	0.02%
BIO	D	0.02%
SM	C	0.02%
ANSS	B	0.02%
BFH	B	0.02%
CE	F	0.02%
SKX	D	0.02%
HRB	D	0.02%
CZR	D	0.02%
AMH	C	0.02%
GDOT	D	0.01%
RES	D	0.01%
TRST	B	0.01%
HTZ	C	0.01%
CHE	D	0.01%
PRA	B	0.01%
AVNS	F	0.01%
HFWA	B	0.01%
MSGS	B	0.01%
AIN	C	0.01%
TFIN	A	0.01%
FBNC	B	0.01%
CVI	F	0.01%
AEIS	B	0.01%
OLED	F	0.01%
GO	C	0.01%
KELYA	F	0.01%
VRTS	B	0.01%
SMCI	D	0.01%
MCRI	A	0.01%
PFBC	B	0.01%
SCHL	D	0.01%
AAT	B	0.01%
XHR	A	0.01%
UCTT	D	0.01%
EZPW	B	0.01%
MMI	B	0.01%
AWR	B	0.01%
SAFT	B	0.01%
CHEF	B	0.01%
AZZ	B	0.01%
RGEN	D	0.01%
EFC	C	0.01%
PAYO	B	0.01%
MATV	F	0.01%
HAIN	C	0.01%
PRDO	B	0.01%
POWL	C	0.01%
ONTO	F	0.01%
EPC	D	0.01%
VIR	F	0.01%
SHAK	B	0.01%
TDC	D	0.01%
UFCS	B	0.01%
CVLT	B	0.01%
INN	C	0.01%
FWRD	D	0.01%
HCSG	B	0.01%
CWT	D	0.01%
HLX	C	0.01%
AMWD	B	0.01%
MRCY	B	0.01%
WRLD	C	0.01%
MP	A	0.01%
CENX	B	0.01%
NBHC	B	0.01%
HALO	F	0.01%
MEDP	F	0.01%
HAE	B	0.01%
CUBI	C	0.01%
CHCO	B	0.01%
DRH	B	0.01%
FIZZ	B	0.01%
PLAB	C	0.01%
APOG	B	0.01%
HWKN	A	0.01%
FSS	B	0.01%
ELME	D	0.01%
HAFC	B	0.01%
CHH	A	0.01%
PLUS	F	0.01%
SYNA	C	0.01%
ESAB	B	0.01%
RCM	F	0.01%
WST	C	0.01%
STRA	C	0.01%
GTY	A	0.01%
NGVT	B	0.01%
JJSF	C	0.01%
LGND	B	0.01%
SMPL	B	0.01%
BLMN	F	0.01%
HXL	D	0.01%
GFF	B	0.01%
NHC	B	0.01%
JBT	B	0.01%
KNF	B	0.01%
MCW	C	0.01%
CPK	A	0.01%
ZD	C	0.01%
RDNT	C	0.01%
AMED	F	0.01%
CGNX	C	0.01%
ESE	B	0.01%
SHO	C	0.01%
YELP	C	0.01%
ACHC	F	0.01%
TPX	A	0.01%
NOVT	D	0.01%
DNOW	B	0.01%
HASI	D	0.01%
SPTN	F	0.01%
KN	B	0.01%
VRE	C	0.01%
MMSI	B	0.01%
KWR	D	0.01%
IBP	C	0.01%
SBCF	B	0.01%
CRI	F	0.01%
ASIX	A	0.01%
FCPT	C	0.01%
BRKR	F	0.01%
AHCO	D	0.01%
EXP	B	0.01%
LNTH	D	0.01%
ENPH	F	0.01%
BKE	B	0.01%
SCVL	F	0.01%
SKT	A	0.01%
VC	D	0.01%
EIG	B	0.01%
MORN	A	0.01%
CORT	B	0.01%
TREX	C	0.01%
LANC	C	0.01%
OSIS	A	0.01%
ALKS	B	0.01%
ENR	A	0.01%
NBR	C	0.01%
FELE	B	0.01%
KALU	C	0.01%
CFFN	B	0.01%
MYRG	C	0.01%
AWI	B	0.01%
HQY	B	0.01%
BOOT	D	0.01%
KLIC	B	0.01%
NSP	F	0.01%
MNRO	C	0.01%
LXP	D	0.01%
OPCH	F	0.01%
STC	A	0.01%
PCTY	B	0.01%
MC	B	0.01%
PUMP	C	0.01%
OII	B	0.01%
VTLE	C	0.01%
LGIH	C	0.01%
TBBK	B	0.01%
ALGT	B	0.01%
WD	C	0.01%
FND	C	0.01%
DIOD	D	0.01%
PAYC	A	0.01%
CWEN	C	0.01%
CVCO	B	0.01%
IOSP	B	0.01%
CPF	B	0.01%
WEN	D	0.01%
CASH	B	0.01%
XRAY	F	0.01%
LPG	F	0.01%
CARG	C	0.01%
MGEE	C	0.01%
BRBR	B	0.01%
IPGP	D	0.01%
AXL	C	0.01%
OMCL	C	0.01%
ARCB	C	0.01%
ODP	F	0.01%
ETSY	D	0.01%
BCPC	B	0.01%
AVAV	D	0.01%
TMP	B	0.01%
VNT	C	0.01%
XRX	F	0.01%
WMS	F	0.01%
RUN	F	0.01%
RWT	D	0.01%
LTC	B	0.01%
HI	C	0.01%
ROIC	A	0.01%
MPWR	F	0.01%
B	A	0.01%
SHOO	D	0.01%
SSD	C	0.01%
NBIX	C	0.01%
ALGM	D	0.01%
UE	B	0.01%
EGBN	B	0.01%
EXLS	A	0.01%
OFG	B	0.01%
PJT	B	0.01%
THS	F	0.01%
CPRI	F	0.01%
MKSI	C	0.01%
OMI	F	0.01%
ENOV	C	0.01%
SXT	B	0.01%
EXPI	C	0.01%
SHC	F	0.01%
MTSI	B	0.01%
FTDR	B	0.01%
DORM	B	0.01%
MASI	A	0.01%
ORA	B	0.01%
DAY	A	0.01%
CENTA	C	0.01%
AROC	B	0.01%
WGO	C	0.01%
UNF	B	0.01%
INVA	D	0.01%
DAN	F	0.01%
PARR	D	0.01%
GTLS	B	0.01%
CCS	D	0.01%
ANF	C	0.01%
OTTR	C	0.01%
DLB	B	0.01%
CHX	C	0.01%
PCH	C	0.01%
MTX	B	0.01%
CBRL	C	0.01%
ITGR	A	0.01%
BDN	C	0.01%
FCF	B	0.01%
CNXN	C	0.01%
NMIH	C	0.01%
DLX	B	0.01%
BRKL	B	0.01%
IRT	B	0.01%
HMN	B	0.01%
ENSG	D	0.01%
PHIN	B	0.01%
SXC	B	0.01%
VAL	F	0.01%
AKR	A	0.01%
NPO	A	0.01%
FBK	B	0.01%
RXO	C	0.01%
KMT	B	0.01%
DXCM	C	0.01%
VSTO	A	0.01%
KLG	C	0.01%
EGP	D	0.01%
PATK	C	0.01%
DOCS	C	0.01%
SFBS	B	0.01%
NEU	C	0.01%
NYT	C	0.01%
CNM	D	0.01%
MAT	D	0.01%
BRC	C	0.01%
WTS	B	0.01%
APAM	B	0.01%
ROL	B	0.01%
PECO	B	0.01%
UA	C	0.01%
NSA	C	0.01%
SBSI	B	0.01%
RYN	C	0.01%
PINC	B	0.01%
PODD	B	0.01%
HGV	B	0.01%
STBA	B	0.01%
BWXT	B	0.01%
NWS	B	0.01%
DCOM	B	0.01%
SAH	B	0.01%
DPZ	C	0.01%
TEX	D	0.01%
LZB	B	0.01%
FUL	D	0.01%
OLLI	C	0.01%
POOL	C	0.01%
SCSC	B	0.01%
RH	B	0.01%
PSTG	D	0.01%
CTRE	D	0.01%
FCN	D	0.01%
RC	D	0.01%
AEO	F	0.01%
DEA	D	0.01%
BCO	D	0.01%
VSH	F	0.01%
LOPE	B	0.01%
EPR	D	0.01%
MKTX	D	0.01%
NBTB	B	0.01%
TTC	D	0.01%
LCII	C	0.01%
PRK	B	0.01%
KW	C	0.01%
CDP	C	0.01%
FN	D	0.01%
OUT	A	0.01%
FIX	A	0.01%
GRBK	D	0.01%
SAIA	C	0.01%
PIPR	A	0.01%
CAKE	B	0.01%
RLI	A	0.01%
BHLB	B	0.01%
ITRI	B	0.01%
WSFS	B	0.01%
KFY	B	0.01%
PSMT	C	0.01%
PBH	B	0.01%
BGC	C	0.01%
CRUS	F	0.01%
RBC	B	0.01%
PBI	B	0.01%
CRK	B	0.01%
IIPR	D	0.01%
ECPG	B	0.01%
MD	C	0.01%
FFIN	B	0.01%
BOH	B	0.01%
WEX	F	0.01%
DT	C	0.01%
PMT	D	0.01%
GVA	B	0.01%
SMG	C	0.01%
GIII	C	0.01%
UNFI	A	0.01%
TTMI	B	0.01%
WOR	D	0.01%
SBH	B	0.01%
BDC	B	0.01%
LSTR	B	0.01%
LFUS	D	0.01%
ARI	C	0.01%
CRL	C	0.01%
LRN	B	0.01%
ASGN	D	0.01%
SABR	C	0.01%
IDCC	A	0.01%
GMS	B	0.01%
GGG	B	0.01%
CROX	F	0.01%
WH	A	0.01%
WERN	B	0.01%
WS	B	0.01%
FDP	C	0.01%
CCOI	B	0.01%
NAVI	C	0.01%
LECO	C	0.01%
EPRT	B	0.01%
LBRT	F	0.01%
ACIW	B	0.01%
FHI	A	0.01%
KBR	F	0.01%
PTEN	C	0.01%
ICUI	D	0.01%
VRSK	A	0.01%
GNTX	C	0.01%
MTCH	F	0.01%
NWN	A	0.01%
ENS	D	0.01%
ASH	F	0.01%
JKHY	D	0.01%
HNI	B	0.01%
CHDN	B	0.01%
PEB	D	0.01%
LW	C	0.01%
ASO	F	0.01%
NVST	C	0.01%
FBP	B	0.01%
GNL	D	0.01%
COTY	F	0.01%
QRVO	F	0.01%
TRMK	B	0.01%
LEG	D	0.01%
MSCI	C	0.01%
CTLT	B	0.01%
UPBD	B	0.01%
TFX	F	0.01%
ACA	B	0.01%
FDS	B	0.01%
CBU	B	0.01%
AMR	C	0.01%
UVV	B	0.01%
TTEK	F	0.01%
STAG	D	0.01%
MMS	F	0.01%
DCI	A	0.01%
HTH	B	0.01%
CC	C	0.01%
TALO	C	0.01%
PDCO	D	0.01%
EEFT	B	0.01%
UCB	B	0.01%
TER	F	0.01%
JBGS	D	0.01%
REXR	F	0.01%
IEX	B	0.01%
AOS	D	0.01%
DY	D	0.01%
ATR	B	0.01%
BLD	C	0.01%
RGLD	D	0.01%
WKC	D	0.01%
SEE	C	0.01%
AVA	B	0.01%
FRT	A	0.01%
DBX	C	0.01%
FR	C	0.01%
ANDE	D	0.01%
SLVM	B	0.01%
NJR	A	0.01%
ATGE	B	0.01%
PPBI	B	0.01%
TKR	D	0.01%
HLI	A	0.01%
WWW	B	0.01%
MLKN	D	0.01%
MTN	C	0.01%
VAC	B	0.01%
COLM	A	0.01%
VBTX	A	0.01%
EXEL	A	0.01%
MIDD	B	0.01%
HOPE	B	0.01%
ST	F	0.01%
SPNT	B	0.01%
ALLE	D	0.01%
AORT	B	0.0%
NPK	B	0.0%
WOLF	F	0.0%
XPEL	C	0.0%
NARI	C	0.0%
LESL	C	0.0%
AGYS	B	0.0%
VCEL	B	0.0%
PGNY	F	0.0%
GOGO	C	0.0%
MSEX	B	0.0%
EMBC	C	0.0%
STAA	F	0.0%
PCRX	C	0.0%
TNDM	F	0.0%
CELH	F	0.0%
RGNX	F	0.0%
CLB	C	0.0%
CERT	D	0.0%
ARWR	F	0.0%
SEDG	F	0.0%
NABL	F	0.0%
COHU	C	0.0%
TTGT	C	0.0%
ELF	C	0.0%
CRSR	C	0.0%
SSTK	F	0.0%
HCI	B	0.0%
JBSS	F	0.0%
BMI	B	0.0%
MYE	F	0.0%
SNCY	C	0.0%
LQDT	B	0.0%
ICHR	C	0.0%
CEVA	B	0.0%
SITM	B	0.0%
TGI	B	0.0%
NXRT	B	0.0%
BJRI	B	0.0%
MXL	C	0.0%
AAON	B	0.0%
GKOS	B	0.0%
SHEN	F	0.0%
COLL	F	0.0%
GPRE	F	0.0%
CYTK	F	0.0%
DGII	B	0.0%
IIIN	C	0.0%
SLAB	D	0.0%
AHH	D	0.0%
MGPI	F	0.0%
THRY	F	0.0%
WING	F	0.0%
CARS	B	0.0%
WT	B	0.0%
DV	C	0.0%
IRWD	F	0.0%
VECO	F	0.0%
CTS	B	0.0%
EPAC	B	0.0%
WSR	A	0.0%
ASTE	C	0.0%
CPRX	C	0.0%
CENT	C	0.0%
RGR	F	0.0%
JACK	D	0.0%
HRMY	D	0.0%
PZZA	F	0.0%
TRUP	B	0.0%
THRM	D	0.0%
TNC	D	0.0%
PEN	C	0.0%
VICR	B	0.0%
USNA	C	0.0%
SXI	A	0.0%
SPSC	C	0.0%
PRLB	B	0.0%
YETI	C	0.0%
XNCR	B	0.0%
LNN	B	0.0%
MTUS	C	0.0%
PRVA	B	0.0%
POWI	D	0.0%
SONO	C	0.0%
VVI	B	0.0%
HSII	B	0.0%
KOP	C	0.0%
IRDM	C	0.0%
MYGN	F	0.0%
KNSL	B	0.0%
SJW	D	0.0%
EXTR	C	0.0%
AMPH	F	0.0%
CALX	F	0.0%
HTLD	C	0.0%
ALG	C	0.0%
ASTH	F	0.0%
UFPT	C	0.0%
FLGT	F	0.0%
WNC	C	0.0%
ACLS	F	0.0%
WDFC	B	0.0%
DFIN	D	0.0%
MATW	C	0.0%
BLKB	B	0.0%
GDEN	C	0.0%
ALRM	C	0.0%
AOSL	C	0.0%
OXM	D	0.0%
CNMD	C	0.0%
JOE	F	0.0%
LIVN	F	0.0%
EYE	C	0.0%
RCUS	F	0.0%
NVEE	F	0.0%
QLYS	C	0.0%
LSCC	D	0.0%
AZTA	D	0.0%
USPH	C	0.0%
REX	F	0.0%
UHT	D	0.0%
EXPO	D	0.0%
CSGS	B	0.0%
SMP	C	0.0%
HLIT	F	0.0%
VIAV	B	0.0%
FTRE	C	0.0%
WABC	B	0.0%
BSIG	B	0.0%
CXT	B	0.0%
FOXF	F	0.0%
BGS	F	0.0%
NX	C	0.0%
RAMP	C	0.0%
AMSF	B	0.0%
HZO	C	0.0%
SVC	F	0.0%
NVRI	F	0.0%
ETD	C	0.0%
MRTN	C	0.0%
HAYN	C	0.0%
MANH	C	0.0%
TWI	D	0.0%
VRRM	F	0.0%
FBRT	C	0.0%
AIR	B	0.0%
CNSL	C	0.0%
PLMR	B	0.0%
NEO	C	0.0%
DVAX	C	0.0%
NEOG	C	0.0%
TRIP	F	0.0%
ENV	B	0.0%
ROG	D	0.0%
BOX	A	0.0%
ZI	C	0.0%
EVTC	C	0.0%
TECH	C	0.0%
GES	F	0.0%
NTCT	B	0.0%
RMBS	C	0.0%
PRGS	A	0.0%
SMTC	A	0.0%
HAYW	B	0.0%
CRVL	B	0.0%
ADUS	D	0.0%
FIVE	D	0.0%
LKFN	B	0.0%
DXPE	A	0.0%
VTOL	B	0.0%
HPP	F	0.0%
AMN	F	0.0%
UTL	B	0.0%
TR	B	0.0%
AMBC	C	0.0%
PRAA	C	0.0%
PLAY	D	0.0%
PLNT	B	0.0%
MTRN	C	0.0%
SAM	C	0.0%
CSR	B	0.0%
TILE	A	0.0%
IPAR	B	0.0%
BFS	C	0.0%
QNST	C	0.0%
VSAT	F	0.0%
PAHC	C	0.0%
ROCK	C	0.0%
KREF	D	0.0%
HELE	C	0.0%
SUPN	C	0.0%
IART	C	0.0%
FORM	F	0.0%
ALEX	B	0.0%
SCL	C	0.0%
MODG	F	0.0%
SOLV	C	0.0%
MSA	C	0.0%
UNIT	B	0.0%
CAL	D	0.0%

VLU Underweight 7 Positions Relative to MGC

Symbol	Grade	Weight
KKR	B	-0.23%
CRWD	B	-0.17%
WDAY	C	-0.12%
GEV	C	-0.1%
DELL	C	-0.09%
MRVL	B	-0.09%
SNOW	C	-0.04%