VLU vs. RWL ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to RevenueShares Large Cap ETF (RWL)

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

$192.30

Average Daily Volume

10,026

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$102.32

Average Daily Volume

134,931

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VLU	RWL
30 Days	3.51%	3.56%
60 Days	5.34%	5.34%
90 Days	6.98%	6.26%
12 Months	30.34%	28.26%

494 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in RWL	Overlap
A	D	0.03%	0.03%	0.03%
AAPL	C	2.4%	2.18%	2.18%
ABBV	F	0.37%	0.26%	0.26%
ABNB	C	0.06%	0.07%	0.06%
ABT	B	0.25%	0.22%	0.22%
ACGL	C	0.12%	0.07%	0.07%
ACN	B	0.31%	0.37%	0.31%
ADBE	C	0.17%	0.11%	0.11%
ADI	D	0.12%	0.05%	0.05%
ADM	D	0.22%	0.42%	0.22%
ADP	A	0.09%	0.11%	0.09%
ADSK	A	0.03%	0.04%	0.03%
AEE	A	0.09%	0.04%	0.04%
AEP	C	0.16%	0.1%	0.1%
AES	F	0.04%	0.05%	0.04%
AFL	B	0.21%	0.11%	0.11%
AIG	B	0.24%	0.24%	0.24%
AIZ	A	0.04%	0.07%	0.04%
AJG	A	0.06%	0.06%	0.06%
AKAM	D	0.03%	0.02%	0.02%
ALB	B	0.05%	0.05%	0.05%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.16%	0.34%	0.16%
ALLE	C	0.01%	0.02%	0.01%
AMAT	F	0.1%	0.15%	0.1%
AMCR	C	0.05%	0.07%	0.05%
AMD	F	0.12%	0.12%	0.12%
AME	A	0.04%	0.04%	0.04%
AMGN	F	0.23%	0.15%	0.15%
AMP	A	0.12%	0.12%	0.12%
AMT	C	0.13%	0.05%	0.05%
AMZN	C	2.04%	3.77%	2.04%
ANET	C	0.07%	0.04%	0.04%
ANSS	B	0.02%	0.01%	0.01%
AON	A	0.07%	0.08%	0.07%
AOS	F	0.01%	0.02%	0.01%
APA	D	0.04%	0.05%	0.04%
APD	A	0.15%	0.07%	0.07%
APH	A	0.06%	0.08%	0.06%
APTV	F	0.05%	0.09%	0.05%
ARE	F	0.05%	0.01%	0.01%
ATO	A	0.07%	0.02%	0.02%
AVB	B	0.07%	0.02%	0.02%
AVGO	D	0.42%	0.26%	0.26%
AVY	F	0.02%	0.04%	0.02%
AWK	C	0.05%	0.02%	0.02%
AXON	A	0.02%	0.02%	0.02%
AXP	A	0.35%	0.44%	0.35%
AZO	C	0.06%	0.1%	0.06%
BA	F	0.16%	0.36%	0.16%
BAC	A	1.57%	1.24%	1.24%
BALL	F	0.04%	0.07%	0.04%
BAX	F	0.05%	0.07%	0.05%
BBY	D	0.16%	0.22%	0.16%
BDX	F	0.08%	0.11%	0.08%
BEN	C	0.06%	0.05%	0.05%
BG	D	0.11%	0.28%	0.11%
BIIB	F	0.07%	0.04%	0.04%
BK	A	0.29%	0.23%	0.23%
BKNG	A	0.12%	0.16%	0.12%
BKR	A	0.12%	0.19%	0.12%
BLDR	D	0.05%	0.09%	0.05%
BLK	B	0.22%	0.13%	0.13%
BMY	B	0.35%	0.3%	0.3%
BR	A	0.02%	0.04%	0.02%
BRK.A	B	2.43%	2.13%	2.13%
BRO	B	0.04%	0.03%	0.03%
BSX	A	0.11%	0.09%	0.09%
BWA	D	0.07%	0.08%	0.07%
BX	A	0.14%	0.07%	0.07%
BXP	C	0.06%	0.02%	0.02%
C	A	1.13%	1.1%	1.1%
CAG	F	0.06%	0.06%	0.06%
CAH	B	0.25%	1.34%	0.25%
CARR	C	0.08%	0.13%	0.08%
CAT	B	0.24%	0.41%	0.24%
CB	C	0.34%	0.29%	0.29%
CBOE	C	0.03%	0.02%	0.02%
CBRE	B	0.08%	0.2%	0.08%
CCI	C	0.1%	0.03%	0.03%
CCL	A	0.21%	0.18%	0.18%
CDNS	B	0.02%	0.03%	0.02%
CDW	F	0.03%	0.09%	0.03%
CE	F	0.02%	0.03%	0.02%
CEG	C	0.04%	0.14%	0.04%
CF	A	0.06%	0.03%	0.03%
CFG	B	0.18%	0.08%	0.08%
CHD	A	0.03%	0.03%	0.03%
CHRW	B	0.06%	0.11%	0.06%
CHTR	C	0.33%	0.35%	0.33%
CI	D	0.34%	1.06%	0.34%
CINF	A	0.07%	0.06%	0.06%
CL	D	0.09%	0.09%	0.09%
CLX	A	0.03%	0.04%	0.03%
CMCSA	B	0.62%	0.73%	0.62%
CME	B	0.1%	0.03%	0.03%
CMG	B	0.04%	0.06%	0.04%
CMI	A	0.14%	0.23%	0.14%
CMS	C	0.06%	0.04%	0.04%
CNC	D	0.26%	0.68%	0.26%
CNP	A	0.08%	0.05%	0.05%
COF	C	0.61%	0.38%	0.38%
COP	C	0.41%	0.34%	0.34%
COR	B	0.36%	1.58%	0.36%
COST	A	0.28%	1.41%	0.28%
CPAY	A	0.04%	0.03%	0.03%
CPB	D	0.04%	0.05%	0.04%
CPRT	B	0.03%	0.03%	0.03%
CPT	B	0.04%	0.01%	0.01%
CRL	D	0.01%	0.02%	0.01%
CRM	B	0.27%	0.26%	0.26%
CSCO	B	0.51%	0.34%	0.34%
CSGP	D	0.02%	0.01%	0.01%
CSX	C	0.1%	0.09%	0.09%
CTAS	B	0.04%	0.05%	0.04%
CTLT	C	0.01%	0.02%	0.01%
CTRA	B	0.06%	0.03%	0.03%
CTSH	B	0.11%	0.11%	0.11%
CTVA	C	0.08%	0.09%	0.08%
CVS	D	0.58%	1.9%	0.58%
CVX	A	1.36%	1.25%	1.25%
CZR	F	0.02%	0.06%	0.02%
D	C	0.24%	0.07%	0.07%
DAL	B	0.35%	0.48%	0.35%
DAY	B	0.01%	0.01%	0.01%
DD	C	0.17%	0.07%	0.07%
DE	B	0.22%	0.31%	0.22%
DECK	A	0.02%	0.03%	0.02%
DFS	B	0.16%	0.16%	0.16%
DG	F	0.05%	0.2%	0.05%
DGX	A	0.05%	0.05%	0.05%
DHI	F	0.1%	0.17%	0.1%
DHR	F	0.11%	0.12%	0.11%
DIS	B	0.32%	0.59%	0.32%
DLR	B	0.04%	0.03%	0.03%
DLTR	F	0.04%	0.16%	0.04%
DOC	C	0.05%	0.01%	0.01%
DOV	A	0.04%	0.05%	0.04%
DOW	F	0.15%	0.21%	0.15%
DPZ	C	0.01%	0.03%	0.01%
DRI	B	0.04%	0.07%	0.04%
DTE	C	0.09%	0.06%	0.06%
DUK	C	0.33%	0.16%	0.16%
DVA	C	0.06%	0.06%	0.06%
DVN	F	0.12%	0.08%	0.08%
DXCM	C	0.01%	0.02%	0.01%
EA	A	0.05%	0.04%	0.04%
EBAY	D	0.08%	0.05%	0.05%
ECL	D	0.04%	0.08%	0.04%
ED	C	0.12%	0.07%	0.07%
EFX	F	0.02%	0.03%	0.02%
EG	C	0.08%	0.08%	0.08%
EIX	B	0.1%	0.09%	0.09%
EL	F	0.03%	0.07%	0.03%
ELV	F	0.29%	0.7%	0.29%
EMN	C	0.04%	0.05%	0.04%
EMR	B	0.16%	0.12%	0.12%
ENPH	F	0.01%	0.0%	0.0%
EOG	A	0.24%	0.15%	0.15%
EPAM	B	0.02%	0.03%	0.02%
EQIX	A	0.07%	0.05%	0.05%
EQR	C	0.08%	0.01%	0.01%
EQT	B	0.13%	0.03%	0.03%
ERIE	D	0.02%	0.02%	0.02%
ES	C	0.08%	0.06%	0.06%
ESS	B	0.04%	0.01%	0.01%
ETN	A	0.12%	0.16%	0.12%
ETR	B	0.16%	0.08%	0.08%
EVRG	A	0.07%	0.03%	0.03%
EW	C	0.04%	0.03%	0.03%
EXC	C	0.19%	0.12%	0.12%
EXPD	C	0.04%	0.05%	0.04%
EXPE	B	0.05%	0.1%	0.05%
EXR	C	0.04%	0.02%	0.02%
F	C	0.37%	1.03%	0.37%
FANG	C	0.1%	0.05%	0.05%
FAST	B	0.04%	0.05%	0.04%
FCX	F	0.08%	0.14%	0.08%
FDS	B	0.01%	0.01%	0.01%
FDX	B	0.25%	0.49%	0.25%
FE	C	0.07%	0.07%	0.07%
FFIV	B	0.02%	0.02%	0.02%
FI	A	0.16%	0.13%	0.13%
FICO	B	0.02%	0.01%	0.01%
FIS	C	0.11%	0.06%	0.06%
FITB	B	0.12%	0.08%	0.08%
FMC	D	0.03%	0.02%	0.02%
FOX	A	0.05%	0.05%	0.05%
FOXA	A	0.09%	0.05%	0.05%
FRT	B	0.01%	0.01%	0.01%
FSLR	F	0.03%	0.02%	0.02%
FTNT	C	0.04%	0.04%	0.04%
FTV	C	0.03%	0.03%	0.03%
GD	D	0.21%	0.24%	0.21%
GDDY	A	0.03%	0.03%	0.03%
GE	D	0.27%	0.21%	0.21%
GEHC	D	0.03%	0.1%	0.03%
GEN	B	0.05%	0.02%	0.02%
GILD	C	0.35%	0.17%	0.17%
GIS	D	0.1%	0.1%	0.1%
GL	C	0.04%	0.03%	0.03%
GLW	B	0.1%	0.08%	0.08%
GM	C	0.55%	1.22%	0.55%
GNRC	C	0.02%	0.03%	0.02%
GOOG	C	1.15%	1.01%	1.01%
GOOGL	C	0.72%	1.01%	0.72%
GPC	D	0.05%	0.11%	0.05%
GPN	B	0.06%	0.06%	0.06%
GRMN	B	0.07%	0.04%	0.04%
GS	A	0.59%	0.82%	0.59%
GWW	B	0.06%	0.11%	0.06%
HAL	C	0.07%	0.14%	0.07%
HAS	D	0.03%	0.02%	0.02%
HBAN	A	0.13%	0.08%	0.08%
HCA	F	0.18%	0.33%	0.18%
HD	B	0.52%	0.89%	0.52%
HES	B	0.06%	0.08%	0.06%
HIG	B	0.13%	0.14%	0.13%
HII	F	0.02%	0.05%	0.02%
HLT	A	0.02%	0.07%	0.02%
HOLX	D	0.02%	0.02%	0.02%
HON	C	0.23%	0.23%	0.23%
HPE	B	0.23%	0.2%	0.2%
HPQ	B	0.31%	0.32%	0.31%
HRL	D	0.07%	0.06%	0.06%
HSIC	C	0.03%	0.06%	0.03%
HST	C	0.04%	0.03%	0.03%
HSY	F	0.05%	0.05%	0.05%
HUBB	B	0.03%	0.03%	0.03%
HUM	C	0.17%	0.54%	0.17%
HWM	A	0.04%	0.05%	0.04%
IBM	C	0.41%	0.33%	0.33%
ICE	C	0.11%	0.06%	0.06%
IDXX	F	0.02%	0.02%	0.02%
IEX	C	0.01%	0.02%	0.01%
IFF	D	0.05%	0.05%	0.05%
INCY	C	0.03%	0.03%	0.03%
INTC	C	0.33%	0.39%	0.33%
INTU	B	0.06%	0.1%	0.06%
INVH	D	0.04%	0.01%	0.01%
IP	A	0.17%	0.12%	0.12%
IPG	D	0.03%	0.06%	0.03%
IQV	F	0.04%	0.07%	0.04%
IR	B	0.02%	0.04%	0.02%
IRM	C	0.04%	0.03%	0.03%
ISRG	A	0.1%	0.05%	0.05%
IT	C	0.03%	0.04%	0.03%
ITW	B	0.09%	0.09%	0.09%
IVZ	B	0.07%	0.04%	0.04%
J	D	0.04%	0.09%	0.04%
JBHT	C	0.03%	0.07%	0.03%
JBL	C	0.05%	0.2%	0.05%
JCI	B	0.16%	0.17%	0.16%
JKHY	D	0.01%	0.01%	0.01%
JNJ	C	0.78%	0.44%	0.44%
JNPR	D	0.03%	0.03%	0.03%
JPM	A	1.53%	1.74%	1.53%
K	A	0.08%	0.07%	0.07%
KDP	F	0.11%	0.07%	0.07%
KEY	B	0.15%	0.07%	0.07%
KEYS	A	0.03%	0.03%	0.03%
KHC	F	0.24%	0.13%	0.13%
KIM	A	0.04%	0.01%	0.01%
KLAC	F	0.04%	0.05%	0.04%
KMB	C	0.1%	0.1%	0.1%
KMI	A	0.45%	0.11%	0.11%
KMX	B	0.05%	0.14%	0.05%
KO	D	0.36%	0.22%	0.22%
KR	B	0.33%	0.87%	0.33%
KVUE	A	0.23%	0.09%	0.09%
L	A	0.13%	0.1%	0.1%
LDOS	C	0.05%	0.09%	0.05%
LEN	D	0.13%	0.18%	0.13%
LH	B	0.06%	0.07%	0.06%
LHX	C	0.1%	0.12%	0.1%
LIN	C	0.19%	0.17%	0.17%
LKQ	F	0.03%	0.07%	0.03%
LLY	F	0.19%	0.18%	0.18%
LMT	D	0.32%	0.37%	0.32%
LNT	A	0.04%	0.02%	0.02%
LOW	C	0.23%	0.49%	0.23%
LRCX	F	0.07%	0.08%	0.07%
LULU	C	0.03%	0.07%	0.03%
LUV	C	0.17%	0.17%	0.17%
LVS	B	0.07%	0.08%	0.07%
LW	C	0.01%	0.04%	0.01%
LYB	F	0.18%	0.2%	0.18%
LYV	A	0.05%	0.17%	0.05%
MA	B	0.13%	0.15%	0.13%
MAA	B	0.04%	0.01%	0.01%
MAR	A	0.09%	0.16%	0.09%
MAS	D	0.03%	0.04%	0.03%
MCD	D	0.15%	0.14%	0.14%
MCHP	F	0.04%	0.03%	0.03%
MCK	A	0.39%	2.03%	0.39%
MCO	B	0.04%	0.04%	0.04%
MDLZ	F	0.18%	0.17%	0.17%
MDT	D	0.32%	0.17%	0.17%
MET	A	0.42%	0.41%	0.41%
META	D	1.68%	0.91%	0.91%
MGM	D	0.04%	0.1%	0.04%
MHK	D	0.06%	0.05%	0.05%
MKC	C	0.04%	0.03%	0.03%
MKTX	D	0.01%	0.0%	0.0%
MLM	C	0.03%	0.04%	0.03%
MMC	B	0.12%	0.13%	0.12%
MMM	D	0.27%	0.13%	0.13%
MNST	C	0.05%	0.04%	0.04%
MO	A	0.36%	0.12%	0.12%
MOH	F	0.04%	0.18%	0.04%
MOS	F	0.07%	0.07%	0.07%
MPC	D	0.45%	0.79%	0.45%
MPWR	F	0.01%	0.01%	0.01%
MRK	D	0.3%	0.29%	0.29%
MRNA	F	0.02%	0.02%	0.02%
MRO	B	0.08%	0.04%	0.04%
MS	A	0.63%	0.76%	0.63%
MSCI	C	0.01%	0.02%	0.01%
MSFT	D	1.41%	1.34%	1.34%
MSI	B	0.04%	0.06%	0.04%
MTB	A	0.18%	0.09%	0.09%
MTCH	D	0.01%	0.02%	0.01%
MTD	F	0.02%	0.02%	0.02%
MU	D	0.13%	0.13%	0.13%
NCLH	B	0.03%	0.07%	0.03%
NDAQ	A	0.07%	0.04%	0.04%
NDSN	B	0.02%	0.01%	0.01%
NEE	C	0.34%	0.12%	0.12%
NEM	D	0.13%	0.06%	0.06%
NFLX	A	0.19%	0.24%	0.19%
NI	A	0.06%	0.03%	0.03%
NKE	F	0.12%	0.27%	0.12%
NOC	D	0.15%	0.22%	0.15%
NOW	A	0.06%	0.07%	0.06%
NRG	B	0.05%	0.18%	0.05%
NSC	B	0.12%	0.07%	0.07%
NTAP	C	0.04%	0.04%	0.04%
NTRS	A	0.08%	0.1%	0.08%
NUE	C	0.11%	0.18%	0.11%
NVDA	B	0.36%	0.65%	0.36%
NVR	D	0.06%	0.05%	0.05%
NWS	A	0.01%	0.03%	0.01%
NWSA	A	0.03%	0.03%	0.03%
NXPI	D	0.07%	0.07%	0.07%
O	C	0.11%	0.02%	0.02%
ODFL	C	0.03%	0.04%	0.03%
OKE	A	0.14%	0.12%	0.12%
OMC	C	0.06%	0.09%	0.06%
ON	D	0.04%	0.04%	0.04%
ORCL	A	0.45%	0.34%	0.34%
ORLY	B	0.08%	0.1%	0.08%
OTIS	C	0.03%	0.08%	0.03%
OXY	D	0.17%	0.15%	0.15%
PANW	B	0.07%	0.05%	0.05%
PARA	C	0.06%	0.17%	0.06%
PAYC	B	0.01%	0.01%	0.01%
PAYX	B	0.06%	0.03%	0.03%
PCAR	B	0.12%	0.23%	0.12%
PCG	A	0.13%	0.14%	0.13%
PEG	A	0.14%	0.06%	0.06%
PEP	F	0.33%	0.47%	0.33%
PFE	F	0.7%	0.27%	0.27%
PFG	D	0.16%	0.09%	0.09%
PG	C	0.48%	0.44%	0.44%
PGR	A	0.18%	0.38%	0.18%
PH	A	0.1%	0.13%	0.1%
PHM	D	0.06%	0.09%	0.06%
PKG	A	0.05%	0.05%	0.05%
PLD	F	0.13%	0.04%	0.04%
PM	B	0.56%	0.2%	0.2%
PNC	B	0.41%	0.21%	0.21%
PNR	A	0.02%	0.03%	0.02%
PNW	A	0.05%	0.03%	0.03%
PODD	C	0.01%	0.01%	0.01%
POOL	C	0.01%	0.03%	0.01%
PPG	F	0.06%	0.1%	0.06%
PPL	A	0.09%	0.05%	0.05%
PRU	A	0.39%	0.36%	0.36%
PSA	C	0.07%	0.02%	0.02%
PSX	C	0.47%	0.86%	0.47%
PTC	B	0.02%	0.01%	0.01%
PWR	A	0.04%	0.15%	0.04%
PYPL	B	0.18%	0.21%	0.18%
QCOM	F	0.22%	0.2%	0.2%
QRVO	F	0.01%	0.01%	0.01%
RCL	A	0.08%	0.12%	0.08%
REG	A	0.04%	0.01%	0.01%
REGN	F	0.1%	0.05%	0.05%
RF	A	0.12%	0.06%	0.06%
RJF	A	0.06%	0.11%	0.06%
RL	C	0.03%	0.04%	0.03%
RMD	C	0.02%	0.02%	0.02%
ROK	C	0.04%	0.05%	0.04%
ROL	B	0.01%	0.02%	0.01%
ROP	B	0.05%	0.04%	0.04%
ROST	D	0.06%	0.11%	0.06%
RSG	A	0.09%	0.09%	0.09%
RTX	D	0.44%	0.4%	0.4%
RVTY	F	0.02%	0.01%	0.01%
SBAC	D	0.02%	0.01%	0.01%
SBUX	A	0.14%	0.2%	0.14%
SCHW	B	0.26%	0.18%	0.18%
SHW	B	0.06%	0.13%	0.06%
SJM	D	0.04%	0.04%	0.04%
SLB	C	0.13%	0.21%	0.13%
SMCI	F	0.01%	0.03%	0.01%
SNA	A	0.04%	0.04%	0.04%
SNPS	B	0.04%	0.04%	0.04%
SO	C	0.3%	0.14%	0.14%
SOLV	D	0.0%	0.04%	0.0%
SPG	A	0.06%	0.03%	0.03%
SPGI	C	0.12%	0.07%	0.07%
SRE	A	0.18%	0.08%	0.08%
STE	D	0.02%	0.03%	0.02%
STLD	B	0.08%	0.12%	0.08%
STT	B	0.14%	0.12%	0.12%
STX	C	0.04%	0.03%	0.03%
STZ	D	0.05%	0.05%	0.05%
SW	A	0.22%	0.12%	0.12%
SWK	D	0.05%	0.07%	0.05%
SWKS	F	0.04%	0.02%	0.02%
SYF	B	0.22%	0.15%	0.15%
SYK	B	0.09%	0.12%	0.09%
SYY	D	0.12%	0.42%	0.12%
T	A	1.4%	0.69%	0.69%
TAP	C	0.09%	0.07%	0.07%
TDG	D	0.02%	0.04%	0.02%
TDY	B	0.03%	0.03%	0.03%
TECH	F	0.0%	0.01%	0.0%
TER	F	0.01%	0.01%	0.01%
TFC	A	0.54%	0.16%	0.16%
TFX	F	0.01%	0.01%	0.01%
TGT	F	0.22%	0.6%	0.22%
TJX	A	0.16%	0.31%	0.16%
TMO	F	0.14%	0.2%	0.14%
TMUS	B	0.43%	0.51%	0.43%
TPR	B	0.04%	0.05%	0.04%
TRGP	A	0.09%	0.12%	0.09%
TRMB	B	0.02%	0.03%	0.02%
TROW	B	0.07%	0.04%	0.04%
TRV	B	0.18%	0.26%	0.18%
TSCO	D	0.03%	0.08%	0.03%
TSLA	B	0.62%	0.71%	0.62%
TSN	B	0.16%	0.3%	0.16%
TT	A	0.08%	0.12%	0.08%
TTWO	A	0.02%	0.04%	0.02%
TXN	C	0.24%	0.09%	0.09%
TXT	D	0.04%	0.07%	0.04%
TYL	B	0.02%	0.01%	0.01%
UAL	A	0.26%	0.56%	0.26%
UBER	F	0.08%	0.22%	0.08%
UDR	B	0.03%	0.01%	0.01%
UHS	D	0.05%	0.07%	0.05%
ULTA	F	0.03%	0.06%	0.03%
UNH	B	1.15%	2.1%	1.15%
UNP	C	0.22%	0.13%	0.13%
UPS	C	0.37%	0.51%	0.37%
URI	C	0.07%	0.09%	0.07%
USB	A	0.39%	0.26%	0.26%
V	A	0.45%	0.21%	0.21%
VICI	C	0.09%	0.02%	0.02%
VLO	C	0.38%	0.8%	0.38%
VLTO	C	0.02%	0.03%	0.02%
VMC	B	0.03%	0.05%	0.03%
VRSK	A	0.01%	0.02%	0.01%
VRSN	C	0.02%	0.01%	0.01%
VRTX	D	0.1%	0.06%	0.06%
VST	A	0.11%	0.13%	0.11%
VTR	B	0.08%	0.03%	0.03%
VTRS	A	0.13%	0.09%	0.09%
VZ	C	1.5%	0.68%	0.68%
WAB	B	0.04%	0.07%	0.04%
WAT	C	0.02%	0.02%	0.02%
WBA	F	0.05%	0.77%	0.05%
WBD	B	0.17%	0.25%	0.17%
WDC	D	0.04%	0.07%	0.04%
WEC	A	0.1%	0.05%	0.05%
WELL	A	0.12%	0.04%	0.04%
WFC	A	1.25%	0.93%	0.93%
WM	B	0.1%	0.12%	0.1%
WMB	A	0.19%	0.07%	0.07%
WMT	A	1.82%	3.83%	1.82%
WRB	A	0.05%	0.07%	0.05%
WST	C	0.01%	0.02%	0.01%
WTW	B	0.07%	0.06%	0.06%
WY	F	0.06%	0.04%	0.04%
WYNN	C	0.02%	0.05%	0.02%
XEL	A	0.15%	0.08%	0.08%
XOM	B	1.99%	2.04%	1.99%
XYL	D	0.02%	0.04%	0.02%
YUM	D	0.03%	0.04%	0.03%
ZBH	C	0.05%	0.04%	0.04%
ZBRA	B	0.02%	0.03%	0.02%
ZTS	D	0.04%	0.04%	0.04%

VLU Overweight 925 Positions Relative to RWL

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

VLU Underweight 5 Positions Relative to RWL

Symbol	Grade	Weight
DELL	B	-0.59%
GEV	B	-0.25%
KKR	A	-0.16%
CRWD	B	-0.03%
PLTR	B	-0.02%