VLU vs. SSO ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to ProShares Ultra S&P500 (SSO)

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

$193.53

Average Daily Volume

10,026

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.83

Average Daily Volume

2,128,580

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VLU	SSO
30 Days	3.51%	2.86%
60 Days	5.34%	7.83%
90 Days	6.98%	10.09%
12 Months	30.34%	61.14%

494 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in SSO	Overlap
	A	D	0.03%	0.05%	0.03%
	AAPL	C	2.4%	4.58%	2.4%
	ABBV	F	0.37%	0.39%	0.37%
	ABNB	C	0.06%	0.08%	0.06%
	ABT	B	0.25%	0.27%	0.25%
	ACGL	C	0.12%	0.05%	0.05%
	ACN	B	0.31%	0.3%	0.3%
	ADBE	C	0.17%	0.3%	0.17%
	ADI	D	0.12%	0.14%	0.12%
	ADM	D	0.22%	0.03%	0.03%
	ADP	A	0.09%	0.16%	0.09%
	ADSK	A	0.03%	0.09%	0.03%
	AEE	A	0.09%	0.03%	0.03%
	AEP	C	0.16%	0.07%	0.07%
	AES	F	0.04%	0.01%	0.01%
	AFL	B	0.21%	0.08%	0.08%
	AIG	B	0.24%	0.07%	0.07%
	AIZ	A	0.04%	0.02%	0.02%
	AJG	A	0.06%	0.09%	0.06%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	B	0.05%	0.02%	0.02%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.16%	0.07%	0.07%
	ALLE	C	0.01%	0.02%	0.01%
	AMAT	F	0.1%	0.19%	0.1%
	AMCR	C	0.05%	0.02%	0.02%
	AMD	F	0.12%	0.29%	0.12%
	AME	A	0.04%	0.06%	0.04%
	AMGN	F	0.23%	0.2%	0.2%
	AMP	A	0.12%	0.07%	0.07%
	AMT	C	0.13%	0.12%	0.12%
	AMZN	C	2.04%	2.53%	2.04%
	ANET	C	0.07%	0.13%	0.07%
	ANSS	B	0.02%	0.04%	0.02%
	AON	A	0.07%	0.11%	0.07%
	AOS	F	0.01%	0.01%	0.01%
	APA	D	0.04%	0.01%	0.01%
	APD	A	0.15%	0.09%	0.09%
	APH	A	0.06%	0.11%	0.06%
	APTV	F	0.05%	0.02%	0.02%
	ARE	F	0.05%	0.02%	0.02%
	ATO	A	0.07%	0.03%	0.03%
	AVB	B	0.07%	0.04%	0.04%
	AVGO	D	0.42%	1.03%	0.42%
	AVY	F	0.02%	0.02%	0.02%
	AWK	C	0.05%	0.03%	0.03%
	AXON	A	0.02%	0.06%	0.02%
	AXP	A	0.35%	0.22%	0.22%
	AZO	C	0.06%	0.07%	0.06%
	BA	F	0.16%	0.14%	0.14%
	BAC	A	1.57%	0.42%	0.42%
	BALL	F	0.04%	0.02%	0.02%
	BAX	F	0.05%	0.02%	0.02%
	BBY	D	0.16%	0.02%	0.02%
	BDX	F	0.08%	0.09%	0.08%
	BEN	C	0.06%	0.01%	0.01%
	BG	D	0.11%	0.02%	0.02%
	BIIB	F	0.07%	0.03%	0.03%
	BK	A	0.29%	0.08%	0.08%
	BKNG	A	0.12%	0.22%	0.12%
	BKR	A	0.12%	0.06%	0.06%
	BLDR	D	0.05%	0.03%	0.03%
	BLK	B	0.22%	0.2%	0.2%
	BMY	B	0.35%	0.15%	0.15%
	BR	A	0.02%	0.04%	0.02%
	BRK.A	B	2.43%	1.15%	1.15%
	BRO	B	0.04%	0.03%	0.03%
	BSX	A	0.11%	0.17%	0.11%
	BWA	D	0.07%	0.01%	0.01%
	BX	A	0.14%	0.17%	0.14%
	BXP	C	0.06%	0.02%	0.02%
	C	A	1.13%	0.18%	0.18%
	CAG	F	0.06%	0.02%	0.02%
	CAH	B	0.25%	0.04%	0.04%
	CARR	C	0.08%	0.08%	0.08%
	CAT	B	0.24%	0.25%	0.24%
	CB	C	0.34%	0.14%	0.14%
	CBOE	C	0.03%	0.03%	0.03%
	CBRE	B	0.08%	0.05%	0.05%
	CCI	C	0.1%	0.06%	0.06%
	CCL	A	0.21%	0.03%	0.03%
	CDNS	B	0.02%	0.11%	0.02%
	CDW	F	0.03%	0.03%	0.03%
	CE	F	0.02%	0.01%	0.01%
	CEG	C	0.04%	0.09%	0.04%
	CF	A	0.06%	0.02%	0.02%
	CFG	B	0.18%	0.03%	0.03%
	CHD	A	0.03%	0.04%	0.03%
	CHRW	B	0.06%	0.02%	0.02%
	CHTR	C	0.33%	0.05%	0.05%
	CI	D	0.34%	0.12%	0.12%
	CINF	A	0.07%	0.03%	0.03%
	CL	D	0.09%	0.1%	0.09%
	CLX	A	0.03%	0.03%	0.03%
	CMCSA	B	0.62%	0.22%	0.22%
	CME	B	0.1%	0.11%	0.1%
	CMG	B	0.04%	0.11%	0.04%
	CMI	A	0.14%	0.07%	0.07%
	CMS	C	0.06%	0.03%	0.03%
	CNC	D	0.26%	0.04%	0.04%
	CNP	A	0.08%	0.03%	0.03%
	COF	C	0.61%	0.09%	0.09%
	COP	C	0.41%	0.17%	0.17%
	COR	B	0.36%	0.06%	0.06%
	COST	A	0.28%	0.54%	0.28%
	CPAY	A	0.04%	0.03%	0.03%
	CPB	D	0.04%	0.01%	0.01%
	CPRT	B	0.03%	0.07%	0.03%
	CPT	B	0.04%	0.02%	0.02%
	CRL	D	0.01%	0.01%	0.01%
	CRM	B	0.27%	0.42%	0.27%
	CSCO	B	0.51%	0.31%	0.31%
	CSGP	D	0.02%	0.04%	0.02%
	CSX	C	0.1%	0.09%	0.09%
	CTAS	B	0.04%	0.1%	0.04%
	CTLT	C	0.01%	0.01%	0.01%
	CTRA	B	0.06%	0.03%	0.03%
	CTSH	B	0.11%	0.05%	0.05%
	CTVA	C	0.08%	0.05%	0.05%
	CVS	D	0.58%	0.09%	0.09%
	CVX	A	1.36%	0.37%	0.37%
	CZR	F	0.02%	0.01%	0.01%
	D	C	0.24%	0.06%	0.06%
	DAL	B	0.35%	0.05%	0.05%
	DAY	B	0.01%	0.02%	0.01%
	DD	C	0.17%	0.05%	0.05%
	DE	B	0.22%	0.14%	0.14%
	DECK	A	0.02%	0.04%	0.02%
	DFS	B	0.16%	0.06%	0.06%
	DG	F	0.05%	0.02%	0.02%
	DGX	A	0.05%	0.02%	0.02%
	DHI	F	0.1%	0.06%	0.06%
	DHR	F	0.11%	0.2%	0.11%
	DIS	B	0.32%	0.28%	0.28%
	DLR	B	0.04%	0.07%	0.04%
	DLTR	F	0.04%	0.02%	0.02%
	DOC	C	0.05%	0.02%	0.02%
	DOV	A	0.04%	0.04%	0.04%
	DOW	F	0.15%	0.04%	0.04%
	DPZ	C	0.01%	0.02%	0.01%
	DRI	B	0.04%	0.03%	0.03%
	DTE	C	0.09%	0.03%	0.03%
	DUK	C	0.33%	0.12%	0.12%
	DVA	C	0.06%	0.01%	0.01%
	DVN	F	0.12%	0.03%	0.03%
	DXCM	C	0.01%	0.04%	0.01%
	EA	A	0.05%	0.05%	0.05%
	EBAY	D	0.08%	0.04%	0.04%
	ECL	D	0.04%	0.08%	0.04%
	ED	C	0.12%	0.04%	0.04%
	EFX	F	0.02%	0.04%	0.02%
	EG	C	0.08%	0.02%	0.02%
	EIX	B	0.1%	0.04%	0.04%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.29%	0.12%	0.12%
	EMN	C	0.04%	0.02%	0.02%
	EMR	B	0.16%	0.1%	0.1%
	ENPH	F	0.01%	0.01%	0.01%
	EOG	A	0.24%	0.1%	0.1%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	A	0.07%	0.11%	0.07%
	EQR	C	0.08%	0.03%	0.03%
	EQT	B	0.13%	0.03%	0.03%
	ERIE	D	0.02%	0.01%	0.01%
	ES	C	0.08%	0.03%	0.03%
	ESS	B	0.04%	0.03%	0.03%
	ETN	A	0.12%	0.19%	0.12%
	ETR	B	0.16%	0.04%	0.04%
	EVRG	A	0.07%	0.02%	0.02%
	EW	C	0.04%	0.05%	0.04%
	EXC	C	0.19%	0.05%	0.05%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	B	0.05%	0.03%	0.03%
	EXR	C	0.04%	0.05%	0.04%
	F	C	0.37%	0.06%	0.06%
	FANG	C	0.1%	0.04%	0.04%
	FAST	B	0.04%	0.06%	0.04%
	FCX	F	0.08%	0.08%	0.08%
	FDS	B	0.01%	0.02%	0.01%
	FDX	B	0.25%	0.09%	0.09%
	FE	C	0.07%	0.03%	0.03%
	FFIV	B	0.02%	0.02%	0.02%
	FI	A	0.16%	0.16%	0.16%
	FICO	B	0.02%	0.07%	0.02%
	FIS	C	0.11%	0.06%	0.06%
	FITB	B	0.12%	0.04%	0.04%
	FMC	D	0.03%	0.01%	0.01%
	FOX	A	0.05%	0.01%	0.01%
	FOXA	A	0.09%	0.01%	0.01%
	FRT	B	0.01%	0.01%	0.01%
	FSLR	F	0.03%	0.03%	0.03%
	FTNT	C	0.04%	0.08%	0.04%
	FTV	C	0.03%	0.04%	0.03%
	GD	D	0.21%	0.1%	0.1%
	GDDY	A	0.03%	0.03%	0.03%
	GE	D	0.27%	0.26%	0.26%
	GEHC	D	0.03%	0.05%	0.03%
	GEN	B	0.05%	0.02%	0.02%
	GILD	C	0.35%	0.15%	0.15%
	GIS	D	0.1%	0.05%	0.05%
	GL	C	0.04%	0.01%	0.01%
	GLW	B	0.1%	0.05%	0.05%
	GM	C	0.55%	0.09%	0.09%
	GNRC	C	0.02%	0.01%	0.01%
	GOOG	C	1.15%	1.12%	1.12%
	GOOGL	C	0.72%	1.35%	0.72%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.06%	0.04%	0.04%
	GRMN	B	0.07%	0.04%	0.04%
	GS	A	0.59%	0.25%	0.25%
	GWW	B	0.06%	0.07%	0.06%
	HAL	C	0.07%	0.04%	0.04%
	HAS	D	0.03%	0.01%	0.01%
	HBAN	A	0.13%	0.03%	0.03%
	HCA	F	0.18%	0.09%	0.09%
	HD	B	0.52%	0.54%	0.52%
	HES	B	0.06%	0.05%	0.05%
	HIG	B	0.13%	0.05%	0.05%
	HII	F	0.02%	0.01%	0.01%
	HLT	A	0.02%	0.08%	0.02%
	HOLX	D	0.02%	0.02%	0.02%
	HON	C	0.23%	0.2%	0.2%
	HPE	B	0.23%	0.04%	0.04%
	HPQ	B	0.31%	0.05%	0.05%
	HRL	D	0.07%	0.01%	0.01%
	HSIC	C	0.03%	0.01%	0.01%
	HST	C	0.04%	0.02%	0.02%
	HSY	F	0.05%	0.03%	0.03%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.17%	0.04%	0.04%
	HWM	A	0.04%	0.06%	0.04%
	IBM	C	0.41%	0.25%	0.25%
	ICE	C	0.11%	0.12%	0.11%
	IDXX	F	0.02%	0.05%	0.02%
	IEX	C	0.01%	0.02%	0.01%
	IFF	D	0.05%	0.03%	0.03%
	INCY	C	0.03%	0.02%	0.02%
	INTC	C	0.33%	0.14%	0.14%
	INTU	B	0.06%	0.26%	0.06%
	INVH	D	0.04%	0.03%	0.03%
	IP	A	0.17%	0.03%	0.03%
	IPG	D	0.03%	0.01%	0.01%
	IQV	F	0.04%	0.04%	0.04%
	IR	B	0.02%	0.06%	0.02%
	IRM	C	0.04%	0.05%	0.04%
	ISRG	A	0.1%	0.25%	0.1%
	IT	C	0.03%	0.05%	0.03%
	ITW	B	0.09%	0.1%	0.09%
	IVZ	B	0.07%	0.01%	0.01%
	J	D	0.04%	0.02%	0.02%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	C	0.05%	0.02%	0.02%
	JCI	B	0.16%	0.08%	0.08%
	JKHY	D	0.01%	0.02%	0.01%
	JNJ	C	0.78%	0.5%	0.5%
	JNPR	D	0.03%	0.02%	0.02%
	JPM	A	1.53%	0.93%	0.93%
	K	A	0.08%	0.03%	0.03%
	KDP	F	0.11%	0.04%	0.04%
	KEY	B	0.15%	0.02%	0.02%
	KEYS	A	0.03%	0.03%	0.03%
	KHC	F	0.24%	0.04%	0.04%
	KIM	A	0.04%	0.02%	0.02%
	KLAC	F	0.04%	0.11%	0.04%
	KMB	C	0.1%	0.06%	0.06%
	KMI	A	0.45%	0.07%	0.07%
	KMX	B	0.05%	0.02%	0.02%
	KO	D	0.36%	0.32%	0.32%
	KR	B	0.33%	0.05%	0.05%
	KVUE	A	0.23%	0.06%	0.06%
	L	A	0.13%	0.02%	0.02%
	LDOS	C	0.05%	0.03%	0.03%
	LEN	D	0.13%	0.05%	0.05%
	LH	B	0.06%	0.03%	0.03%
	LHX	C	0.1%	0.06%	0.06%
	LIN	C	0.19%	0.29%	0.19%
	LKQ	F	0.03%	0.01%	0.01%
	LLY	F	0.19%	0.79%	0.19%
	LMT	D	0.32%	0.15%	0.15%
	LNT	A	0.04%	0.02%	0.02%
	LOW	C	0.23%	0.21%	0.21%
	LRCX	F	0.07%	0.12%	0.07%
	LULU	C	0.03%	0.05%	0.03%
	LUV	C	0.17%	0.03%	0.03%
	LVS	B	0.07%	0.02%	0.02%
	LW	C	0.01%	0.01%	0.01%
	LYB	F	0.18%	0.03%	0.03%
	LYV	A	0.05%	0.03%	0.03%
	MA	B	0.13%	0.58%	0.13%
	MAA	B	0.04%	0.02%	0.02%
	MAR	A	0.09%	0.09%	0.09%
	MAS	D	0.03%	0.02%	0.02%
	MCD	D	0.15%	0.28%	0.15%
	MCHP	F	0.04%	0.05%	0.04%
	MCK	A	0.39%	0.11%	0.11%
	MCO	B	0.04%	0.1%	0.04%
	MDLZ	F	0.18%	0.12%	0.12%
	MDT	D	0.32%	0.15%	0.15%
	MET	A	0.42%	0.07%	0.07%
	META	D	1.68%	1.62%	1.62%
	MGM	D	0.04%	0.01%	0.01%
	MHK	D	0.06%	0.01%	0.01%
	MKC	C	0.04%	0.02%	0.02%
	MKTX	D	0.01%	0.01%	0.01%
	MLM	C	0.03%	0.05%	0.03%
	MMC	B	0.12%	0.15%	0.12%
	MMM	D	0.27%	0.1%	0.1%
	MNST	C	0.05%	0.05%	0.05%
	MO	A	0.36%	0.13%	0.13%
	MOH	F	0.04%	0.02%	0.02%
	MOS	F	0.07%	0.01%	0.01%
	MPC	D	0.45%	0.07%	0.07%
	MPWR	F	0.01%	0.04%	0.01%
	MRK	D	0.3%	0.33%	0.3%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.08%	0.02%	0.02%
	MS	A	0.63%	0.22%	0.22%
	MSCI	C	0.01%	0.06%	0.01%
	MSFT	D	1.41%	4.13%	1.41%
	MSI	B	0.04%	0.11%	0.04%
	MTB	A	0.18%	0.05%	0.05%
	MTCH	D	0.01%	0.01%	0.01%
	MTD	F	0.02%	0.03%	0.02%
	MU	D	0.13%	0.14%	0.13%
	NCLH	B	0.03%	0.02%	0.02%
	NDAQ	A	0.07%	0.04%	0.04%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	C	0.34%	0.21%	0.21%
	NEM	D	0.13%	0.06%	0.06%
	NFLX	A	0.19%	0.47%	0.19%
	NI	A	0.06%	0.02%	0.02%
	NKE	F	0.12%	0.12%	0.12%
	NOC	D	0.15%	0.09%	0.09%
	NOW	A	0.06%	0.28%	0.06%
	NRG	B	0.05%	0.03%	0.03%
	NSC	B	0.12%	0.08%	0.08%
	NTAP	C	0.04%	0.03%	0.03%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	C	0.11%	0.05%	0.05%
	NVDA	B	0.36%	4.67%	0.36%
	NVR	D	0.06%	0.04%	0.04%
	NWS	A	0.01%	0.0%	0.0%
	NWSA	A	0.03%	0.01%	0.01%
	NXPI	D	0.07%	0.07%	0.07%
	O	C	0.11%	0.07%	0.07%
	ODFL	C	0.03%	0.05%	0.03%
	OKE	A	0.14%	0.09%	0.09%
	OMC	C	0.06%	0.03%	0.03%
	ON	D	0.04%	0.04%	0.04%
	ORCL	A	0.45%	0.39%	0.39%
	ORLY	B	0.08%	0.09%	0.08%
	OTIS	C	0.03%	0.05%	0.03%
	OXY	D	0.17%	0.05%	0.05%
	PANW	B	0.07%	0.17%	0.07%
	PARA	C	0.06%	0.01%	0.01%
	PAYC	B	0.01%	0.01%	0.01%
	PAYX	B	0.06%	0.06%	0.06%
	PCAR	B	0.12%	0.08%	0.08%
	PCG	A	0.13%	0.06%	0.06%
	PEG	A	0.14%	0.06%	0.06%
	PEP	F	0.33%	0.29%	0.29%
	PFE	F	0.7%	0.19%	0.19%
	PFG	D	0.16%	0.02%	0.02%
	PG	C	0.48%	0.53%	0.48%
	PGR	A	0.18%	0.2%	0.18%
	PH	A	0.1%	0.12%	0.1%
	PHM	D	0.06%	0.04%	0.04%
	PKG	A	0.05%	0.03%	0.03%
	PLD	F	0.13%	0.14%	0.13%
	PM	B	0.56%	0.27%	0.27%
	PNC	B	0.41%	0.11%	0.11%
	PNR	A	0.02%	0.02%	0.02%
	PNW	A	0.05%	0.01%	0.01%
	PODD	C	0.01%	0.02%	0.01%
	POOL	C	0.01%	0.02%	0.01%
	PPG	F	0.06%	0.04%	0.04%
	PPL	A	0.09%	0.03%	0.03%
	PRU	A	0.39%	0.06%	0.06%
	PSA	C	0.07%	0.07%	0.07%
	PSX	C	0.47%	0.07%	0.07%
	PTC	B	0.02%	0.03%	0.02%
	PWR	A	0.04%	0.06%	0.04%
	PYPL	B	0.18%	0.12%	0.12%
	QCOM	F	0.22%	0.24%	0.22%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.08%	0.07%	0.07%
	REG	A	0.04%	0.02%	0.02%
	REGN	F	0.1%	0.11%	0.1%
	RF	A	0.12%	0.03%	0.03%
	RJF	A	0.06%	0.04%	0.04%
	RL	C	0.03%	0.01%	0.01%
	RMD	C	0.02%	0.05%	0.02%
	ROK	C	0.04%	0.04%	0.04%
	ROL	B	0.01%	0.02%	0.01%
	ROP	B	0.05%	0.08%	0.05%
	ROST	D	0.06%	0.06%	0.06%
	RSG	A	0.09%	0.06%	0.06%
	RTX	D	0.44%	0.21%	0.21%
	RVTY	F	0.02%	0.02%	0.02%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.14%	0.15%	0.14%
	SCHW	B	0.26%	0.16%	0.16%
	SHW	B	0.06%	0.12%	0.06%
	SJM	D	0.04%	0.02%	0.02%
	SLB	C	0.13%	0.08%	0.08%
	SMCI	F	0.01%	0.01%	0.01%
	SNA	A	0.04%	0.03%	0.03%
	SNPS	B	0.04%	0.11%	0.04%
	SO	C	0.3%	0.13%	0.13%
	SOLV	D	0.0%	0.01%	0.0%
	SPG	A	0.06%	0.07%	0.06%
	SPGI	C	0.12%	0.22%	0.12%
	SRE	A	0.18%	0.08%	0.08%
	STE	D	0.02%	0.03%	0.02%
	STLD	B	0.08%	0.03%	0.03%
	STT	B	0.14%	0.04%	0.04%
	STX	C	0.04%	0.03%	0.03%
	STZ	D	0.05%	0.05%	0.05%
	SW	A	0.22%	0.03%	0.03%
	SWK	D	0.05%	0.02%	0.02%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.22%	0.03%	0.03%
	SYK	B	0.09%	0.18%	0.09%
	SYY	D	0.12%	0.05%	0.05%
	T	A	1.4%	0.22%	0.22%
	TAP	C	0.09%	0.01%	0.01%
	TDG	D	0.02%	0.09%	0.02%
	TDY	B	0.03%	0.03%	0.03%
	TECH	F	0.0%	0.01%	0.0%
	TER	F	0.01%	0.02%	0.01%
	TFC	A	0.54%	0.08%	0.08%
	TFX	F	0.01%	0.01%	0.01%
	TGT	F	0.22%	0.09%	0.09%
	TJX	A	0.16%	0.18%	0.16%
	TMO	F	0.14%	0.26%	0.14%
	TMUS	B	0.43%	0.15%	0.15%
	TPR	B	0.04%	0.02%	0.02%
	TRGP	A	0.09%	0.06%	0.06%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.07%	0.04%	0.04%
	TRV	B	0.18%	0.08%	0.08%
	TSCO	D	0.03%	0.04%	0.03%
	TSLA	B	0.62%	1.19%	0.62%
	TSN	B	0.16%	0.02%	0.02%
	TT	A	0.08%	0.12%	0.08%
	TTWO	A	0.02%	0.04%	0.02%
	TXN	C	0.24%	0.25%	0.24%
	TXT	D	0.04%	0.02%	0.02%
	TYL	B	0.02%	0.03%	0.02%
	UAL	A	0.26%	0.04%	0.04%
	UBER	F	0.08%	0.21%	0.08%
	UDR	B	0.03%	0.02%	0.02%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.03%	0.02%	0.02%
	UNH	B	1.15%	0.73%	0.73%
	UNP	C	0.22%	0.19%	0.19%
	UPS	C	0.37%	0.13%	0.13%
	URI	C	0.07%	0.07%	0.07%
	USB	A	0.39%	0.1%	0.1%
	V	A	0.45%	0.69%	0.45%
	VICI	C	0.09%	0.04%	0.04%
	VLO	C	0.38%	0.06%	0.06%
	VLTO	C	0.02%	0.03%	0.02%
	VMC	B	0.03%	0.05%	0.03%
	VRSK	A	0.01%	0.05%	0.01%
	VRSN	C	0.02%	0.02%	0.02%
	VRTX	D	0.1%	0.16%	0.1%
	VST	A	0.11%	0.07%	0.07%
	VTR	B	0.08%	0.04%	0.04%
	VTRS	A	0.13%	0.02%	0.02%
	VZ	C	1.5%	0.23%	0.23%
	WAB	B	0.04%	0.05%	0.04%
	WAT	C	0.02%	0.03%	0.02%
	WBA	F	0.05%	0.01%	0.01%
	WBD	B	0.17%	0.03%	0.03%
	WDC	D	0.04%	0.03%	0.03%
	WEC	A	0.1%	0.04%	0.04%
	WELL	A	0.12%	0.11%	0.11%
	WFC	A	1.25%	0.34%	0.34%
	WM	B	0.1%	0.11%	0.1%
	WMB	A	0.19%	0.09%	0.09%
	WMT	A	1.82%	0.49%	0.49%
	WRB	A	0.05%	0.02%	0.02%
	WST	C	0.01%	0.03%	0.01%
	WTW	B	0.07%	0.04%	0.04%
	WY	F	0.06%	0.03%	0.03%
	WYNN	C	0.02%	0.01%	0.01%
	XEL	A	0.15%	0.05%	0.05%
	XOM	B	1.99%	0.71%	0.71%
	XYL	D	0.02%	0.04%	0.02%
	YUM	D	0.03%	0.05%	0.03%
	ZBH	C	0.05%	0.03%	0.03%
	ZBRA	B	0.02%	0.03%	0.02%
	ZTS	D	0.04%	0.11%	0.04%

VLU Overweight 925 Positions Relative to SSO

	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 SSO

	Symbol	Grade	Weight
	PLTR	B	-0.18%
	KKR	A	-0.14%
	GEV	B	-0.12%
	CRWD	B	-0.1%
	DELL	B	-0.05%

VLU: Top Represented Industries & Keywords

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

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

SSO: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank