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

$183.01

Average Daily Volume

7,167

Number of Holdings ^*

1420

* 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

$88.63

Average Daily Volume

2,176,985

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	VLU	SSO
30 Days	0.07%	0.11%
60 Days	0.77%	1.90%
90 Days	5.97%	13.07%
12 Months	29.40%	66.26%

493 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in SSO	Overlap
A	D	0.03%	0.05%	0.03%
AAPL	C	2.52%	4.59%	2.52%
ABBV	A	0.43%	0.44%	0.43%
ABNB	B	0.06%	0.08%	0.06%
ABT	A	0.25%	0.27%	0.25%
ACGL	F	0.13%	0.05%	0.05%
ACN	C	0.33%	0.3%	0.3%
ADBE	F	0.16%	0.28%	0.16%
ADI	C	0.14%	0.15%	0.14%
ADM	F	0.24%	0.04%	0.04%
ADP	A	0.09%	0.15%	0.09%
ADSK	B	0.03%	0.08%	0.03%
AEE	B	0.09%	0.03%	0.03%
AEP	D	0.17%	0.07%	0.07%
AES	F	0.05%	0.02%	0.02%
AFL	D	0.22%	0.07%	0.07%
AIG	B	0.25%	0.07%	0.07%
AIZ	D	0.04%	0.01%	0.01%
AJG	D	0.06%	0.08%	0.06%
AKAM	D	0.03%	0.02%	0.02%
ALB	C	0.04%	0.01%	0.01%
ALGN	F	0.02%	0.02%	0.02%
ALL	C	0.16%	0.07%	0.07%
ALLE	C	0.02%	0.02%	0.02%
AMAT	F	0.11%	0.2%	0.11%
AMCR	D	0.06%	0.02%	0.02%
AMD	F	0.14%	0.33%	0.14%
AME	A	0.03%	0.05%	0.03%
AMGN	C	0.26%	0.22%	0.22%
AMP	B	0.12%	0.06%	0.06%
AMT	D	0.15%	0.14%	0.14%
AMZN	A	1.9%	2.28%	1.9%
ANET	B	0.08%	0.13%	0.08%
ANSS	C	0.02%	0.04%	0.02%
AON	A	0.07%	0.1%	0.07%
AOS	F	0.02%	0.01%	0.01%
APA	F	0.04%	0.01%	0.01%
APD	B	0.16%	0.09%	0.09%
APH	B	0.06%	0.11%	0.06%
APTV	F	0.06%	0.02%	0.02%
ARE	F	0.06%	0.02%	0.02%
ATO	B	0.07%	0.03%	0.03%
AVB	C	0.07%	0.04%	0.04%
AVGO	B	0.45%	1.04%	0.45%
AVY	D	0.02%	0.02%	0.02%
AWK	D	0.06%	0.04%	0.04%
AXON	B	0.01%	0.04%	0.01%
AXP	A	0.34%	0.2%	0.2%
AZO	D	0.07%	0.07%	0.07%
BA	F	0.14%	0.12%	0.12%
BAC	B	1.45%	0.38%	0.38%
BALL	F	0.04%	0.03%	0.03%
BAX	F	0.06%	0.02%	0.02%
BBY	D	0.16%	0.02%	0.02%
BDX	C	0.09%	0.09%	0.09%
BEN	B	0.05%	0.01%	0.01%
BG	F	0.11%	0.02%	0.02%
BIIB	F	0.08%	0.04%	0.04%
BK	B	0.29%	0.07%	0.07%
BKNG	A	0.11%	0.19%	0.11%
BKR	A	0.11%	0.05%	0.05%
BLDR	F	0.05%	0.03%	0.03%
BMY	A	0.34%	0.14%	0.14%
BR	C	0.02%	0.03%	0.02%
BRK.A	D	2.43%	1.1%	1.1%
BRO	B	0.04%	0.03%	0.03%
BSX	C	0.11%	0.16%	0.11%
BWA	D	0.07%	0.01%	0.01%
BX	B	0.13%	0.16%	0.13%
BXP	C	0.06%	0.02%	0.02%
C	A	1.06%	0.16%	0.16%
CAG	D	0.07%	0.02%	0.02%
CAH	B	0.24%	0.04%	0.04%
CARR	D	0.09%	0.08%	0.08%
CAT	B	0.25%	0.25%	0.25%
CB	C	0.35%	0.14%	0.14%
CBOE	B	0.03%	0.03%	0.03%
CBRE	A	0.08%	0.05%	0.05%
CCI	D	0.11%	0.06%	0.06%
CCL	A	0.18%	0.03%	0.03%
CDNS	C	0.02%	0.09%	0.02%
CDW	F	0.04%	0.04%	0.04%
CE	F	0.04%	0.02%	0.02%
CEG	B	0.05%	0.11%	0.05%
CF	B	0.06%	0.02%	0.02%
CFG	A	0.16%	0.02%	0.02%
CHD	B	0.03%	0.03%	0.03%
CHRW	C	0.06%	0.02%	0.02%
CHTR	B	0.29%	0.04%	0.04%
CI	D	0.34%	0.12%	0.12%
CINF	B	0.07%	0.03%	0.03%
CL	F	0.1%	0.11%	0.1%
CLX	B	0.03%	0.03%	0.03%
CMCSA	A	0.62%	0.21%	0.21%
CME	B	0.11%	0.11%	0.11%
CMG	B	0.04%	0.11%	0.04%
CMI	B	0.13%	0.06%	0.06%
CMS	C	0.06%	0.03%	0.03%
CNC	D	0.28%	0.04%	0.04%
CNP	C	0.08%	0.03%	0.03%
COF	A	0.52%	0.08%	0.08%
COP	D	0.39%	0.16%	0.16%
COR	A	0.36%	0.05%	0.05%
COST	D	0.29%	0.52%	0.29%
CPAY	B	0.04%	0.03%	0.03%
CPB	D	0.05%	0.01%	0.01%
CPRT	D	0.03%	0.06%	0.03%
CPT	D	0.04%	0.02%	0.02%
CRL	F	0.01%	0.01%	0.01%
CRM	A	0.25%	0.36%	0.25%
CSCO	B	0.51%	0.3%	0.3%
CSGP	F	0.02%	0.04%	0.02%
CSX	F	0.1%	0.08%	0.08%
CTAS	B	0.04%	0.09%	0.04%
CTLT	D	0.01%	0.01%	0.01%
CTRA	F	0.06%	0.02%	0.02%
CTSH	D	0.11%	0.05%	0.05%
CTVA	A	0.09%	0.06%	0.06%
CVS	F	0.63%	0.09%	0.09%
CVX	A	1.3%	0.34%	0.34%
CZR	D	0.03%	0.01%	0.01%
D	B	0.26%	0.07%	0.07%
DAL	A	0.31%	0.05%	0.05%
DAY	A	0.01%	0.01%	0.01%
DD	D	0.18%	0.05%	0.05%
DE	B	0.23%	0.14%	0.14%
DECK	B	0.02%	0.03%	0.02%
DFS	A	0.14%	0.05%	0.05%
DG	F	0.05%	0.02%	0.02%
DGX	B	0.05%	0.02%	0.02%
DHI	D	0.12%	0.07%	0.07%
DHR	D	0.12%	0.21%	0.12%
DIS	C	0.27%	0.23%	0.23%
DLR	A	0.04%	0.07%	0.04%
DLTR	F	0.04%	0.02%	0.02%
DOC	C	0.05%	0.02%	0.02%
DOV	B	0.03%	0.03%	0.03%
DOW	F	0.18%	0.05%	0.05%
DPZ	B	0.01%	0.02%	0.01%
DRI	C	0.04%	0.03%	0.03%
DTE	C	0.1%	0.04%	0.04%
DUK	C	0.36%	0.12%	0.12%
DVA	D	0.07%	0.01%	0.01%
DVN	F	0.13%	0.03%	0.03%
DXCM	C	0.01%	0.04%	0.01%
EA	A	0.04%	0.05%	0.04%
EBAY	D	0.09%	0.04%	0.04%
ECL	C	0.05%	0.09%	0.05%
ED	C	0.14%	0.05%	0.05%
EFX	D	0.02%	0.04%	0.02%
EG	F	0.08%	0.02%	0.02%
EIX	D	0.11%	0.04%	0.04%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.31%	0.13%	0.13%
EMN	C	0.05%	0.02%	0.02%
EMR	B	0.14%	0.08%	0.08%
ENPH	F	0.01%	0.01%	0.01%
EOG	D	0.23%	0.09%	0.09%
EPAM	F	0.01%	0.01%	0.01%
EQIX	B	0.07%	0.11%	0.07%
EQR	D	0.08%	0.03%	0.03%
EQT	C	0.11%	0.03%	0.03%
ERIE	D	0.02%	0.01%	0.01%
ES	D	0.09%	0.03%	0.03%
ESS	D	0.04%	0.03%	0.03%
ETN	B	0.12%	0.18%	0.12%
ETR	A	0.15%	0.04%	0.04%
EVRG	C	0.07%	0.02%	0.02%
EW	D	0.04%	0.06%	0.04%
EXC	C	0.21%	0.05%	0.05%
EXPD	D	0.04%	0.02%	0.02%
EXPE	B	0.04%	0.03%	0.03%
EXR	D	0.05%	0.05%	0.05%
F	D	0.38%	0.06%	0.06%
FANG	F	0.11%	0.04%	0.04%
FAST	A	0.04%	0.06%	0.04%
FCX	D	0.09%	0.09%	0.09%
FDS	B	0.01%	0.02%	0.01%
FDX	C	0.23%	0.08%	0.08%
FE	D	0.07%	0.03%	0.03%
FFIV	A	0.02%	0.02%	0.02%
FI	A	0.15%	0.15%	0.15%
FICO	B	0.01%	0.06%	0.01%
FIS	B	0.11%	0.06%	0.06%
FITB	B	0.11%	0.04%	0.04%
FMC	B	0.03%	0.01%	0.01%
FOX	A	0.04%	0.01%	0.01%
FOXA	A	0.08%	0.01%	0.01%
FRT	D	0.01%	0.01%	0.01%
FSLR	C	0.03%	0.03%	0.03%
FTNT	B	0.04%	0.07%	0.04%
FTV	F	0.03%	0.03%	0.03%
GD	C	0.23%	0.1%	0.1%
GDDY	A	0.03%	0.03%	0.03%
GE	D	0.28%	0.26%	0.26%
GEHC	D	0.03%	0.05%	0.03%
GEN	A	0.05%	0.02%	0.02%
GILD	A	0.35%	0.14%	0.14%
GIS	D	0.11%	0.05%	0.05%
GL	C	0.04%	0.01%	0.01%
GLW	A	0.1%	0.05%	0.05%
GM	B	0.52%	0.08%	0.08%
GNRC	A	0.02%	0.01%	0.01%
GOOG	A	1.12%	1.03%	1.03%
GOOGL	A	0.7%	1.25%	0.7%
GPC	F	0.05%	0.02%	0.02%
GPN	D	0.06%	0.03%	0.03%
GRMN	A	0.05%	0.03%	0.03%
GS	B	0.52%	0.22%	0.22%
GWW	A	0.05%	0.06%	0.05%
HAL	F	0.07%	0.03%	0.03%
HAS	D	0.03%	0.01%	0.01%
HBAN	B	0.11%	0.03%	0.03%
HCA	D	0.22%	0.1%	0.1%
HD	B	0.52%	0.52%	0.52%
HES	B	0.06%	0.05%	0.05%
HIG	D	0.14%	0.05%	0.05%
HII	F	0.03%	0.01%	0.01%
HLT	A	0.02%	0.08%	0.02%
HOLX	A	0.02%	0.02%	0.02%
HON	B	0.22%	0.18%	0.18%
HPE	A	0.22%	0.03%	0.03%
HPQ	B	0.31%	0.05%	0.05%
HRL	F	0.08%	0.01%	0.01%
HSIC	D	0.03%	0.01%	0.01%
HST	D	0.04%	0.02%	0.02%
HSY	F	0.06%	0.04%	0.04%
HUBB	B	0.03%	0.03%	0.03%
HUM	F	0.16%	0.04%	0.04%
HWM	B	0.04%	0.05%	0.04%
IBM	C	0.48%	0.26%	0.26%
ICE	C	0.12%	0.13%	0.12%
IDXX	F	0.02%	0.05%	0.02%
IEX	A	0.01%	0.02%	0.01%
IFF	D	0.06%	0.03%	0.03%
INCY	A	0.02%	0.01%	0.01%
INTC	C	0.3%	0.13%	0.13%
INTU	D	0.05%	0.22%	0.05%
INVH	F	0.04%	0.03%	0.03%
IP	A	0.15%	0.02%	0.02%
IPG	F	0.04%	0.01%	0.01%
IQV	F	0.05%	0.05%	0.05%
IR	C	0.02%	0.05%	0.02%
IRM	B	0.05%	0.05%	0.05%
ISRG	B	0.1%	0.24%	0.1%
IT	C	0.03%	0.05%	0.03%
ITW	A	0.09%	0.09%	0.09%
IVZ	A	0.07%	0.01%	0.01%
J	D	0.04%	0.02%	0.02%
JBHT	A	0.03%	0.02%	0.02%
JBL	A	0.04%	0.02%	0.02%
JCI	B	0.15%	0.07%	0.07%
JKHY	A	0.01%	0.02%	0.01%
JNJ	D	0.86%	0.52%	0.52%
JNPR	A	0.03%	0.02%	0.02%
JPM	A	1.43%	0.84%	0.84%
K	A	0.08%	0.03%	0.03%
KDP	F	0.13%	0.05%	0.05%
KEY	B	0.14%	0.02%	0.02%
KEYS	C	0.03%	0.04%	0.03%
KHC	D	0.28%	0.04%	0.04%
KIM	B	0.04%	0.02%	0.02%
KLAC	F	0.05%	0.12%	0.05%
KMB	D	0.1%	0.06%	0.06%
KMI	B	0.42%	0.06%	0.06%
KMX	F	0.04%	0.01%	0.01%
KO	D	0.41%	0.34%	0.34%
KR	A	0.34%	0.05%	0.05%
KVUE	B	0.22%	0.06%	0.06%
L	C	0.13%	0.02%	0.02%
LDOS	A	0.05%	0.03%	0.03%
LEN	D	0.14%	0.06%	0.06%
LH	A	0.05%	0.03%	0.03%
LHX	A	0.1%	0.06%	0.06%
LIN	C	0.2%	0.3%	0.2%
LKQ	F	0.03%	0.01%	0.01%
LLY	F	0.23%	0.92%	0.23%
LMT	D	0.35%	0.16%	0.16%
LNT	C	0.04%	0.02%	0.02%
LOW	B	0.24%	0.2%	0.2%
LRCX	F	0.07%	0.13%	0.07%
LULU	C	0.03%	0.05%	0.03%
LUV	A	0.16%	0.02%	0.02%
LVS	B	0.07%	0.02%	0.02%
LW	B	0.01%	0.01%	0.01%
LYB	F	0.2%	0.03%	0.03%
LYV	A	0.04%	0.02%	0.02%
MA	B	0.14%	0.55%	0.14%
MAA	D	0.04%	0.02%	0.02%
MAR	A	0.09%	0.08%	0.08%
MAS	D	0.03%	0.02%	0.02%
MCD	C	0.16%	0.28%	0.16%
MCHP	F	0.05%	0.05%	0.05%
MCK	C	0.33%	0.09%	0.09%
MCO	D	0.04%	0.1%	0.04%
MDLZ	D	0.2%	0.12%	0.12%
MDT	B	0.34%	0.15%	0.15%
MET	C	0.43%	0.06%	0.06%
META	B	1.75%	1.62%	1.62%
MGM	D	0.05%	0.01%	0.01%
MHK	D	0.07%	0.01%	0.01%
MKC	C	0.04%	0.03%	0.03%
MKTX	B	0.01%	0.01%	0.01%
MLM	A	0.03%	0.05%	0.03%
MMC	D	0.12%	0.14%	0.12%
MMM	D	0.27%	0.09%	0.09%
MNST	C	0.06%	0.05%	0.05%
MO	A	0.33%	0.11%	0.11%
MOH	D	0.04%	0.02%	0.02%
MOS	B	0.08%	0.01%	0.01%
MPC	F	0.45%	0.07%	0.07%
MPWR	F	0.01%	0.06%	0.01%
MRK	F	0.34%	0.35%	0.34%
MRNA	F	0.02%	0.02%	0.02%
MRO	C	0.08%	0.02%	0.02%
MS	B	0.57%	0.19%	0.19%
MSCI	C	0.01%	0.06%	0.01%
MSFT	D	1.47%	4.13%	1.47%
MSI	B	0.04%	0.1%	0.04%
MTB	B	0.16%	0.04%	0.04%
MTCH	C	0.02%	0.01%	0.01%
MTD	D	0.02%	0.04%	0.02%
MU	C	0.14%	0.16%	0.14%
NCLH	A	0.03%	0.01%	0.01%
NDAQ	B	0.07%	0.04%	0.04%
NDSN	D	0.02%	0.02%	0.02%
NEE	D	0.39%	0.22%	0.22%
NEM	D	0.19%	0.07%	0.07%
NFLX	A	0.18%	0.42%	0.18%
NI	B	0.06%	0.02%	0.02%
NKE	F	0.13%	0.12%	0.12%
NOC	D	0.16%	0.09%	0.09%
NOW	A	0.06%	0.26%	0.06%
NRG	B	0.05%	0.02%	0.02%
NSC	B	0.12%	0.07%	0.07%
NTAP	D	0.04%	0.03%	0.03%
NTRS	B	0.08%	0.03%	0.03%
NUE	F	0.11%	0.04%	0.04%
NVDA	B	0.36%	4.52%	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	C	0.08%	0.08%	0.08%
O	D	0.12%	0.07%	0.07%
ODFL	A	0.03%	0.05%	0.03%
OKE	B	0.13%	0.07%	0.07%
OMC	B	0.06%	0.03%	0.03%
ON	D	0.04%	0.04%	0.04%
ORCL	B	0.43%	0.36%	0.36%
ORLY	C	0.08%	0.09%	0.08%
OTIS	B	0.04%	0.05%	0.04%
OXY	F	0.18%	0.05%	0.05%
PANW	B	0.07%	0.15%	0.07%
PARA	C	0.05%	0.01%	0.01%
PAYC	A	0.01%	0.01%	0.01%
PAYX	B	0.06%	0.06%	0.06%
PCAR	C	0.12%	0.07%	0.07%
PCG	B	0.13%	0.06%	0.06%
PEG	B	0.14%	0.06%	0.06%
PEP	D	0.37%	0.31%	0.31%
PFE	D	0.83%	0.21%	0.21%
PFG	C	0.17%	0.02%	0.02%
PG	D	0.5%	0.52%	0.5%
PGR	D	0.18%	0.19%	0.18%
PH	A	0.09%	0.1%	0.09%
PHM	D	0.06%	0.04%	0.04%
PKG	A	0.05%	0.03%	0.03%
PLD	F	0.14%	0.15%	0.14%
PM	A	0.59%	0.27%	0.27%
PNC	B	0.38%	0.1%	0.1%
PNR	B	0.02%	0.02%	0.02%
PNW	D	0.05%	0.01%	0.01%
PODD	A	0.01%	0.02%	0.01%
POOL	B	0.01%	0.02%	0.01%
PPG	F	0.06%	0.04%	0.04%
PPL	C	0.09%	0.03%	0.03%
PRU	B	0.39%	0.06%	0.06%
PSA	D	0.07%	0.07%	0.07%
PSX	F	0.47%	0.07%	0.07%
PTC	B	0.02%	0.03%	0.02%
PWR	B	0.04%	0.06%	0.04%
PYPL	B	0.18%	0.11%	0.11%
QCOM	D	0.23%	0.25%	0.23%
QRVO	F	0.02%	0.01%	0.01%
RCL	B	0.08%	0.06%	0.06%
REG	D	0.04%	0.02%	0.02%
REGN	F	0.13%	0.13%	0.13%
RF	B	0.11%	0.03%	0.03%
RJF	A	0.06%	0.04%	0.04%
RL	B	0.03%	0.01%	0.01%
RMD	A	0.02%	0.05%	0.02%
ROK	B	0.04%	0.04%	0.04%
ROL	D	0.01%	0.02%	0.01%
ROP	D	0.05%	0.08%	0.05%
ROST	F	0.06%	0.06%	0.06%
RSG	D	0.09%	0.05%	0.05%
RTX	C	0.49%	0.22%	0.22%
RVTY	C	0.02%	0.02%	0.02%
SBAC	D	0.02%	0.03%	0.02%
SBUX	A	0.14%	0.14%	0.14%
SCHW	B	0.24%	0.14%	0.14%
SHW	D	0.06%	0.11%	0.06%
SJM	F	0.05%	0.02%	0.02%
SLB	F	0.13%	0.08%	0.08%
SMCI	F	0.01%	0.03%	0.01%
SNA	A	0.04%	0.02%	0.02%
SNPS	B	0.04%	0.1%	0.04%
SO	C	0.33%	0.13%	0.13%
SOLV	B	0.01%	0.01%	0.01%
SPG	C	0.06%	0.07%	0.06%
SPGI	D	0.12%	0.21%	0.12%
SRE	C	0.18%	0.07%	0.07%
STE	D	0.02%	0.03%	0.02%
STLD	A	0.07%	0.02%	0.02%
STT	A	0.14%	0.04%	0.04%
STX	D	0.05%	0.03%	0.03%
STZ	F	0.05%	0.05%	0.05%
SW	A	0.2%	0.03%	0.03%
SWK	D	0.06%	0.02%	0.02%
SWKS	F	0.04%	0.02%	0.02%
SYF	B	0.19%	0.03%	0.03%
SYK	A	0.09%	0.16%	0.09%
SYY	D	0.12%	0.05%	0.05%
T	A	1.42%	0.21%	0.21%
TAP	D	0.09%	0.01%	0.01%
TDG	C	0.03%	0.1%	0.03%
TDY	B	0.03%	0.03%	0.03%
TECH	B	0.0%	0.01%	0.0%
TER	F	0.02%	0.02%	0.02%
TFC	C	0.51%	0.08%	0.08%
TFX	F	0.02%	0.01%	0.01%
TGT	D	0.22%	0.09%	0.09%
TJX	D	0.16%	0.17%	0.16%
TMO	D	0.17%	0.28%	0.17%
TMUS	B	0.42%	0.15%	0.15%
TPR	A	0.03%	0.01%	0.01%
TRGP	A	0.08%	0.05%	0.05%
TRMB	A	0.02%	0.02%	0.02%
TROW	A	0.07%	0.03%	0.03%
TRV	B	0.19%	0.08%	0.08%
TSCO	D	0.04%	0.04%	0.04%
TSLA	A	0.42%	0.95%	0.42%
TSN	D	0.15%	0.02%	0.02%
TT	C	0.08%	0.12%	0.08%
TTWO	A	0.02%	0.03%	0.02%
TXN	A	0.24%	0.25%	0.24%
TXT	F	0.04%	0.02%	0.02%
TYL	A	0.02%	0.03%	0.02%
UAL	A	0.21%	0.03%	0.03%
UBER	C	0.09%	0.22%	0.09%
UDR	D	0.03%	0.02%	0.02%
UHS	D	0.05%	0.02%	0.02%
ULTA	C	0.03%	0.02%	0.02%
UNH	C	1.13%	0.68%	0.68%
UNP	D	0.23%	0.18%	0.18%
UPS	C	0.37%	0.13%	0.13%
URI	B	0.07%	0.07%	0.07%
USB	B	0.38%	0.1%	0.1%
V	A	0.42%	0.62%	0.42%
VICI	D	0.1%	0.04%	0.04%
VLO	F	0.37%	0.06%	0.06%
VLTO	D	0.02%	0.03%	0.02%
VMC	A	0.03%	0.04%	0.03%
VRSK	B	0.01%	0.05%	0.01%
VRSN	F	0.02%	0.02%	0.02%
VRTX	D	0.11%	0.16%	0.11%
VST	B	0.1%	0.06%	0.06%
VTR	B	0.09%	0.04%	0.04%
VTRS	B	0.12%	0.02%	0.02%
VZ	D	1.58%	0.23%	0.23%
WAB	B	0.04%	0.04%	0.04%
WAT	A	0.02%	0.03%	0.02%
WBA	C	0.06%	0.01%	0.01%
WBD	C	0.14%	0.02%	0.02%
WDC	C	0.05%	0.03%	0.03%
WEC	B	0.1%	0.04%	0.04%
WELL	A	0.12%	0.1%	0.1%
WFC	B	1.12%	0.29%	0.29%
WM	A	0.1%	0.1%	0.1%
WMB	A	0.18%	0.08%	0.08%
WMT	A	1.84%	0.47%	0.47%
WRB	C	0.05%	0.02%	0.02%
WST	B	0.01%	0.03%	0.01%
WTW	A	0.06%	0.04%	0.04%
WY	D	0.07%	0.03%	0.03%
WYNN	B	0.02%	0.01%	0.01%
XEL	A	0.14%	0.05%	0.05%
XOM	C	2.05%	0.7%	0.7%
XYL	F	0.03%	0.04%	0.03%
YUM	D	0.03%	0.05%	0.03%
ZBH	C	0.05%	0.03%	0.03%
ZBRA	A	0.02%	0.02%	0.02%
ZTS	D	0.05%	0.11%	0.05%

VLU Overweight 927 Positions Relative to SSO

Symbol	Grade	Weight
RGA	C	0.12%
PFGC	B	0.11%
UNM	A	0.1%
OVV	F	0.09%
USFD	B	0.08%
X	C	0.08%
FNF	C	0.08%
SNX	C	0.08%
LAD	A	0.08%
ALLY	F	0.08%
AFG	D	0.08%
JXN	B	0.07%
ZION	B	0.07%
CHRD	F	0.07%
CMA	A	0.07%
EQH	B	0.07%
AAL	A	0.07%
STWD	D	0.06%
RNR	C	0.06%
R	A	0.06%
LUMN	A	0.06%
VNO	B	0.06%
THC	C	0.06%
DINO	F	0.06%
ARW	D	0.06%
UGI	D	0.05%
JHG	A	0.05%
OC	B	0.05%
RS	C	0.05%
JLL	B	0.05%
CNX	B	0.05%
WHR	B	0.05%
LNC	A	0.05%
FHN	B	0.05%
TOL	C	0.05%
COOP	D	0.05%
COLB	A	0.05%
WPC	F	0.05%
VFC	A	0.05%
IBKR	A	0.05%
ALK	A	0.05%
ARMK	B	0.05%
EWBC	A	0.05%
LEA	F	0.05%
JEF	B	0.05%
WU	F	0.04%
CACI	A	0.04%
OGS	C	0.04%
UTHR	A	0.04%
HIW	C	0.04%
WSO	D	0.04%
SNV	B	0.04%
BKH	D	0.04%
VLY	A	0.04%
TMHC	A	0.04%
CCK	B	0.04%
WBS	B	0.04%
AN	F	0.04%
M	D	0.04%
WLK	F	0.04%
OGN	D	0.04%
AR	F	0.04%
WCC	A	0.04%
OHI	B	0.04%
AA	B	0.04%
AL	B	0.04%
BERY	A	0.04%
FYBR	A	0.04%
OZK	B	0.04%
GPI	C	0.04%
GAP	D	0.04%
CIVI	F	0.04%
ABG	C	0.04%
MUR	F	0.04%
TKO	D	0.04%
KRC	B	0.04%
VOYA	B	0.04%
AVT	B	0.04%
GLPI	D	0.04%
ORI	D	0.04%
ROIV	D	0.04%
ABR	B	0.03%
HWC	A	0.03%
BURL	D	0.03%
SFNC	A	0.03%
GHC	A	0.03%
GME	B	0.03%
HRB	D	0.03%
WAFD	D	0.03%
PAG	F	0.03%
SKX	D	0.03%
SON	F	0.03%
GNW	D	0.03%
BIO	A	0.03%
CNK	A	0.03%
FNB	A	0.03%
MTG	D	0.03%
SATS	B	0.03%
RDN	F	0.03%
MAN	F	0.03%
CLH	C	0.03%
AMH	F	0.03%
CWK	C	0.03%
SFM	A	0.03%
NWL	A	0.03%
MPW	D	0.03%
AMKR	F	0.03%
BRX	C	0.03%
EME	A	0.03%
BHF	B	0.03%
CFR	B	0.03%
APLE	C	0.03%
XPO	A	0.03%
CSL	C	0.03%
CUZ	B	0.03%
NXST	A	0.03%
PB	B	0.03%
KD	D	0.03%
BTU	A	0.03%
NNN	D	0.03%
LAMR	B	0.03%
THO	D	0.03%
PR	F	0.03%
ILMN	A	0.03%
MTZ	A	0.03%
RRC	D	0.03%
HCC	A	0.03%
FLR	B	0.03%
POST	D	0.03%
BXMT	C	0.03%
COKE	D	0.03%
WTRG	C	0.03%
CATY	A	0.03%
GPK	D	0.03%
HP	C	0.03%
ABM	B	0.03%
ASB	A	0.03%
NFG	C	0.03%
OGE	C	0.03%
MDU	F	0.03%
ONB	A	0.03%
CMC	A	0.03%
MLI	A	0.03%
PBF	F	0.03%
DEI	B	0.03%
ACM	A	0.03%
AGCO	C	0.03%
CALM	B	0.03%
SANM	A	0.03%
DXC	D	0.03%
BJ	A	0.03%
KNX	A	0.03%
COHR	B	0.03%
SF	A	0.03%
CASY	A	0.03%
FAF	D	0.03%
CNO	A	0.03%
NOG	F	0.03%
MUSA	C	0.03%
INGR	C	0.03%
DKS	F	0.03%
DY	C	0.02%
MAC	B	0.02%
TXRH	A	0.02%
MLKN	F	0.02%
MGY	C	0.02%
SEIC	A	0.02%
GNL	D	0.02%
TNL	A	0.02%
REZI	C	0.02%
VYX	F	0.02%
IIPR	C	0.02%
PDCO	F	0.02%
VMI	A	0.02%
MCY	B	0.02%
MIDD	F	0.02%
FLS	A	0.02%
REXR	F	0.02%
MMS	D	0.02%
BLD	F	0.02%
VVV	D	0.02%
ABCB	B	0.02%
FR	D	0.02%
GEF	B	0.02%
NATL	D	0.02%
PRG	C	0.02%
RGLD	B	0.02%
SLM	C	0.02%
GBX	A	0.02%
EAT	A	0.02%
ELS	D	0.02%
MSM	D	0.02%
SIGI	C	0.02%
BHE	A	0.02%
WKC	D	0.02%
KRG	D	0.02%
FLO	F	0.02%
VSTS	F	0.02%
TTEK	B	0.02%
RUSHA	A	0.02%
BYD	A	0.02%
OI	F	0.02%
AUB	C	0.02%
BCC	D	0.02%
TKR	C	0.02%
ST	F	0.02%
MHO	D	0.02%
WFRD	F	0.02%
WWD	D	0.02%
CROX	F	0.02%
ADNT	F	0.02%
IDA	A	0.02%
JBGS	C	0.02%
GBCI	A	0.02%
CRC	B	0.02%
NWE	D	0.02%
RRX	A	0.02%
BC	C	0.02%
MATX	A	0.02%
CBT	B	0.02%
PPC	A	0.02%
NVT	D	0.02%
AGO	B	0.02%
CPRI	F	0.02%
POR	C	0.02%
UMBF	A	0.02%
PVH	C	0.02%
PRGO	D	0.02%
ATI	F	0.02%
LII	B	0.02%
FL	D	0.02%
GEO	B	0.02%
TCBI	B	0.02%
SR	D	0.02%
CNXC	F	0.02%
BANC	B	0.02%
ALE	A	0.02%
PII	F	0.02%
FHB	A	0.02%
LNW	D	0.02%
KSS	F	0.02%
SLG	B	0.02%
RNST	B	0.02%
EVR	A	0.02%
PRI	B	0.02%
BBWI	F	0.02%
SWX	C	0.02%
AVNT	D	0.02%
URBN	F	0.02%
BANF	B	0.02%
AM	C	0.02%
HOMB	B	0.02%
PNM	B	0.02%
SKYW	A	0.02%
CBSH	A	0.02%
CWEN	C	0.02%
AAP	F	0.02%
SEM	B	0.02%
BANR	A	0.02%
VSCO	A	0.02%
IBTX	B	0.02%
IBOC	B	0.02%
G	C	0.02%
CIEN	B	0.02%
RHI	C	0.02%
EHC	A	0.02%
CRS	B	0.02%
HOG	F	0.02%
CW	B	0.02%
THG	B	0.02%
OLN	F	0.02%
KEX	D	0.02%
TPH	D	0.02%
SLGN	A	0.02%
ESNT	F	0.02%
SIG	C	0.02%
GXO	B	0.02%
H	D	0.02%
FFBC	A	0.02%
ENVA	A	0.02%
MTH	D	0.02%
SNEX	A	0.02%
JWN	C	0.02%
PFS	B	0.02%
UBSI	A	0.02%
SAIC	A	0.02%
OSK	C	0.02%
KBH	D	0.02%
RPM	B	0.02%
ADC	C	0.02%
JBLU	D	0.02%
BFH	C	0.02%
SBRA	B	0.02%
NSIT	F	0.02%
JAZZ	D	0.02%
GT	F	0.02%
SCI	A	0.02%
ARCH	B	0.02%
HBI	A	0.02%
UFPI	C	0.02%
NOV	F	0.02%
ALV	F	0.02%
DAR	B	0.02%
WSM	F	0.02%
FBIN	C	0.02%
SSB	B	0.02%
MTDR	D	0.02%
TGNA	B	0.02%
CADE	B	0.02%
CG	B	0.02%
CUBE	D	0.02%
WTFC	B	0.02%
TDS	B	0.02%
DTM	A	0.02%
PENN	B	0.02%
CR	B	0.02%
AMG	A	0.02%
SM	F	0.02%
CEIX	A	0.02%
CLF	C	0.02%
TRN	C	0.02%
PNFP	A	0.02%
BKU	C	0.02%
PK	F	0.02%
GO	F	0.01%
BGS	C	0.01%
MRCY	D	0.01%
MMI	D	0.01%
KREF	D	0.01%
UNIT	C	0.01%
SHAK	A	0.01%
HAFC	A	0.01%
AEIS	A	0.01%
AZZ	D	0.01%
SVC	F	0.01%
MSGS	A	0.01%
POWL	A	0.01%
SAFT	D	0.01%
HCSG	A	0.01%
XHR	C	0.01%
EZPW	B	0.01%
CHCO	A	0.01%
GDOT	C	0.01%
VIR	B	0.01%
CHEF	D	0.01%
ZD	F	0.01%
NBHC	A	0.01%
CHH	A	0.01%
AWR	C	0.01%
APOG	A	0.01%
GFF	F	0.01%
RDNT	D	0.01%
ESAB	A	0.01%
SCHL	F	0.01%
AAT	C	0.01%
HLX	F	0.01%
CHE	F	0.01%
SMPL	C	0.01%
DNOW	F	0.01%
FORM	F	0.01%
RES	F	0.01%
AMWD	D	0.01%
UCTT	F	0.01%
EPC	D	0.01%
FIZZ	B	0.01%
HPP	F	0.01%
NVRI	F	0.01%
STRA	F	0.01%
INN	F	0.01%
MP	B	0.01%
FSS	F	0.01%
ESE	A	0.01%
EFC	D	0.01%
WRLD	D	0.01%
SYNA	F	0.01%
MYRG	B	0.01%
DRH	D	0.01%
TPX	F	0.01%
PLAB	F	0.01%
HWKN	D	0.01%
MODG	F	0.01%
CWT	D	0.01%
LGND	A	0.01%
NHC	C	0.01%
KALU	B	0.01%
YELP	F	0.01%
FWRD	C	0.01%
CPK	C	0.01%
RGEN	D	0.01%
RCM	A	0.01%
AVNS	F	0.01%
JBT	A	0.01%
TDC	B	0.01%
BKE	C	0.01%
KNF	A	0.01%
KWR	D	0.01%
SBCF	B	0.01%
ALGT	B	0.01%
MEDP	F	0.01%
GTY	C	0.01%
JJSF	C	0.01%
MMSI	B	0.01%
KN	C	0.01%
CGNX	B	0.01%
OLED	F	0.01%
VRE	D	0.01%
ELME	D	0.01%
EIG	C	0.01%
HAIN	A	0.01%
HALO	B	0.01%
SHO	D	0.01%
HQY	B	0.01%
TREX	B	0.01%
OII	D	0.01%
PCTY	A	0.01%
CORT	B	0.01%
EXP	B	0.01%
SXC	A	0.01%
HXL	F	0.01%
AWI	A	0.01%
CVI	F	0.01%
VSAT	F	0.01%
GTLS	B	0.01%
TMP	A	0.01%
ASIX	C	0.01%
SKT	B	0.01%
NOVT	C	0.01%
OSIS	F	0.01%
VTLE	F	0.01%
VC	F	0.01%
KLIC	B	0.01%
EGBN	A	0.01%
MGEE	C	0.01%
ENR	B	0.01%
OMCL	B	0.01%
MC	D	0.01%
CVCO	A	0.01%
STC	D	0.01%
LANC	B	0.01%
CARG	B	0.01%
FELE	D	0.01%
CFFN	A	0.01%
AMED	C	0.01%
NBR	C	0.01%
MNRO	A	0.01%
HI	F	0.01%
ALKS	F	0.01%
IOSP	F	0.01%
FCPT	D	0.01%
BRBR	A	0.01%
CASH	A	0.01%
ONTO	F	0.01%
SCVL	F	0.01%
KELYA	D	0.01%
CPF	C	0.01%
ARCB	F	0.01%
MORN	B	0.01%
MATV	F	0.01%
VNT	B	0.01%
ENOV	C	0.01%
EXLS	A	0.01%
DORM	A	0.01%
CWEN	C	0.01%
AXL	F	0.01%
BCPC	C	0.01%
AMN	F	0.01%
ROIC	B	0.01%
PLUS	C	0.01%
AHCO	D	0.01%
BLMN	F	0.01%
TBBK	D	0.01%
PUMP	F	0.01%
LGIH	F	0.01%
IBP	F	0.01%
WGO	D	0.01%
DLX	F	0.01%
PJT	B	0.01%
OFG	C	0.01%
LTC	A	0.01%
FND	D	0.01%
AROC	D	0.01%
MASI	A	0.01%
SPTN	D	0.01%
WD	C	0.01%
LXP	D	0.01%
IPGP	B	0.01%
BRKR	D	0.01%
ETSY	D	0.01%
BRKL	A	0.01%
FTDR	B	0.01%
MKSI	F	0.01%
UE	B	0.01%
SSD	F	0.01%
CENTA	D	0.01%
PHIN	C	0.01%
WEN	A	0.01%
NBIX	C	0.01%
B	A	0.01%
DOCS	A	0.01%
MTSI	B	0.01%
EXPI	B	0.01%
HASI	B	0.01%
FBK	B	0.01%
UNF	D	0.01%
PARR	F	0.01%
CRI	F	0.01%
FCF	D	0.01%
HMN	A	0.01%
KMT	B	0.01%
AVAV	B	0.01%
NPO	F	0.01%
RWT	D	0.01%
SHOO	D	0.01%
SXT	C	0.01%
ACHC	F	0.01%
SFBS	A	0.01%
NSP	F	0.01%
ORA	B	0.01%
BOOT	D	0.01%
HGV	C	0.01%
UA	B	0.01%
OTTR	F	0.01%
SAIA	A	0.01%
CHX	F	0.01%
SAH	C	0.01%
ITGR	D	0.01%
MTX	C	0.01%
PINC	A	0.01%
IRT	D	0.01%
CBRL	C	0.01%
LOPE	D	0.01%
LPG	F	0.01%
DIOD	F	0.01%
ALGM	F	0.01%
DCOM	B	0.01%
STBA	D	0.01%
DT	B	0.01%
APAM	A	0.01%
WMS	F	0.01%
OMI	F	0.01%
DLB	B	0.01%
PCH	F	0.01%
ANF	F	0.01%
SBSI	D	0.01%
INVA	C	0.01%
TTMI	A	0.01%
AKR	B	0.01%
NEU	D	0.01%
WTS	D	0.01%
CNXN	F	0.01%
MAT	A	0.01%
PECO	B	0.01%
SHC	C	0.01%
PIPR	B	0.01%
LZB	D	0.01%
CAKE	A	0.01%
ODP	C	0.01%
VAL	F	0.01%
CCS	F	0.01%
BOH	A	0.01%
VSTO	A	0.01%
PRK	A	0.01%
BDN	C	0.01%
NBTB	D	0.01%
XRX	F	0.01%
BRC	D	0.01%
SCSC	F	0.01%
KLG	F	0.01%
LNTH	C	0.01%
PBH	A	0.01%
WSFS	D	0.01%
BWXT	B	0.01%
NMIH	D	0.01%
BGC	A	0.01%
CRK	B	0.01%
ENSG	A	0.01%
WS	A	0.01%
ITRI	A	0.01%
BHLB	B	0.01%
THS	F	0.01%
RXO	B	0.01%
GVA	A	0.01%
NSA	D	0.01%
IDCC	A	0.01%
RLI	B	0.01%
FUL	F	0.01%
OPCH	F	0.01%
XRAY	F	0.01%
MD	A	0.01%
PATK	F	0.01%
FIX	B	0.01%
OLLI	C	0.01%
NYT	A	0.01%
EGP	D	0.01%
RBC	D	0.01%
KFY	C	0.01%
WH	A	0.01%
FFIN	D	0.01%
TEX	F	0.01%
RC	F	0.01%
CNM	D	0.01%
RYN	C	0.01%
LCII	D	0.01%
FDP	A	0.01%
ECPG	D	0.01%
WWW	C	0.01%
CTRE	A	0.01%
RH	B	0.01%
SBH	B	0.01%
LRN	A	0.01%
GMS	A	0.01%
TTC	F	0.01%
KW	C	0.01%
PBI	A	0.01%
UNFI	A	0.01%
DAN	F	0.01%
AEO	F	0.01%
GGG	D	0.01%
EPR	D	0.01%
WOR	F	0.01%
PSTG	D	0.01%
RUN	C	0.01%
CBU	A	0.01%
FHI	A	0.01%
ACIW	C	0.01%
FN	B	0.01%
AMR	F	0.01%
OUT	C	0.01%
ARI	F	0.01%
BDC	B	0.01%
WERN	A	0.01%
CDP	B	0.01%
LECO	B	0.01%
UPBD	D	0.01%
LSTR	D	0.01%
PSMT	C	0.01%
GIII	C	0.01%
TRMK	B	0.01%
BCO	D	0.01%
PMT	D	0.01%
UCB	D	0.01%
GRBK	D	0.01%
FBP	D	0.01%
SABR	C	0.01%
NVST	A	0.01%
VSH	F	0.01%
DEA	C	0.01%
EXEL	A	0.01%
VAC	B	0.01%
SRCL	A	0.01%
TALO	D	0.01%
PTEN	F	0.01%
HNI	D	0.01%
ATGE	A	0.01%
ACA	B	0.01%
FCN	F	0.01%
NAVI	F	0.01%
GNTX	B	0.01%
CHDN	B	0.01%
UVV	C	0.01%
LFUS	D	0.01%
NWN	C	0.01%
LBRT	F	0.01%
ASGN	F	0.01%
AX	B	0.01%
CCOI	B	0.01%
PEB	F	0.01%
EPRT	C	0.01%
LITE	A	0.01%
AIT	A	0.01%
INDB	B	0.01%
HTH	D	0.01%
HUBG	D	0.01%
KTB	A	0.01%
HLI	A	0.01%
ENS	F	0.01%
DCI	B	0.01%
CRUS	F	0.01%
CC	F	0.01%
SMG	A	0.01%
EEFT	F	0.01%
ICUI	C	0.01%
SPNT	D	0.01%
CABO	C	0.01%
AYI	A	0.01%
PPBI	B	0.01%
UAA	B	0.01%
WEX	F	0.01%
DBX	A	0.01%
GMED	A	0.01%
COLM	C	0.01%
PLXS	A	0.01%
ANDE	F	0.01%
COTY	F	0.01%
LEG	F	0.01%
LPX	D	0.01%
KMPR	B	0.01%
CVBF	B	0.01%
MTN	F	0.01%
HOPE	D	0.01%
VBTX	B	0.01%
GATX	A	0.01%
ATR	A	0.01%
CAR	C	0.01%
FULT	B	0.01%
NJR	D	0.01%
ITT	C	0.01%
NWBI	C	0.01%
ASH	F	0.01%
CXW	C	0.01%
STAG	D	0.01%
SEE	A	0.01%
KBR	B	0.01%
MOG.A	C	0.01%
KAR	F	0.01%
ASO	F	0.01%
SLVM	B	0.01%
AVA	D	0.01%
AXTA	A	0.01%
AORT	A	0.0%
VICR	B	0.0%
NPK	F	0.0%
XPEL	F	0.0%
NARI	A	0.0%
LESL	F	0.0%
VCEL	D	0.0%
AGYS	D	0.0%
GOGO	F	0.0%
MSEX	B	0.0%
WOLF	D	0.0%
EMBC	C	0.0%
PGNY	F	0.0%
CLB	A	0.0%
PCRX	C	0.0%
RGNX	F	0.0%
STAA	F	0.0%
ELF	F	0.0%
TNDM	F	0.0%
CERT	F	0.0%
CELH	F	0.0%
COHU	B	0.0%
ARWR	F	0.0%
SNCY	A	0.0%
CRSR	D	0.0%
TTGT	C	0.0%
LQDT	D	0.0%
TGI	C	0.0%
SSTK	D	0.0%
BMI	D	0.0%
ICHR	F	0.0%
CEVA	D	0.0%
NABL	F	0.0%
HCI	B	0.0%
AAON	A	0.0%
SITM	B	0.0%
MYE	F	0.0%
JBSS	F	0.0%
NXRT	D	0.0%
CARS	D	0.0%
SEDG	F	0.0%
BJRI	B	0.0%
GKOS	B	0.0%
DV	F	0.0%
PRLB	B	0.0%
WT	B	0.0%
ASTE	C	0.0%
PAYO	B	0.0%
MXL	D	0.0%
IIIN	F	0.0%
DGII	B	0.0%
GPRE	F	0.0%
CTS	A	0.0%
IRWD	F	0.0%
EPAC	A	0.0%
AHH	D	0.0%
CENT	D	0.0%
CYTK	F	0.0%
PEN	A	0.0%
SHEN	F	0.0%
SXI	A	0.0%
PRVA	B	0.0%
WSR	B	0.0%
SLAB	F	0.0%
USNA	D	0.0%
THRM	D	0.0%
CPRX	A	0.0%
TRUP	A	0.0%
MGPI	F	0.0%
XNCR	A	0.0%
COLL	F	0.0%
JACK	C	0.0%
HRMY	D	0.0%
VECO	F	0.0%
WING	F	0.0%
RGR	F	0.0%
LNN	C	0.0%
HSII	A	0.0%
YETI	F	0.0%
VVI	B	0.0%
THRY	F	0.0%
MTUS	F	0.0%
TNC	F	0.0%
PZZA	A	0.0%
ALG	C	0.0%
SONO	C	0.0%
KOP	F	0.0%
EXTR	B	0.0%
WNC	F	0.0%
SPSC	F	0.0%
CNMD	D	0.0%
HTLD	F	0.0%
POWI	C	0.0%
MCW	A	0.0%
QLYS	F	0.0%
GDEN	F	0.0%
ALRM	F	0.0%
KNSL	F	0.0%
UFPT	D	0.0%
EYE	D	0.0%
MATW	D	0.0%
WDFC	A	0.0%
IRDM	B	0.0%
CSGS	D	0.0%
SMP	B	0.0%
DXPE	C	0.0%
BSIG	A	0.0%
RAMP	D	0.0%
SJW	F	0.0%
USPH	F	0.0%
OXM	F	0.0%
AMSF	A	0.0%
WABC	B	0.0%
VIAV	A	0.0%
REX	F	0.0%
AMPH	A	0.0%
DFIN	F	0.0%
TILE	A	0.0%
RMBS	C	0.0%
BLKB	D	0.0%
LIVN	C	0.0%
FLGT	C	0.0%
FTRE	F	0.0%
NVEE	D	0.0%
AZTA	F	0.0%
NEO	D	0.0%
UHT	D	0.0%
MRTN	F	0.0%
CXT	F	0.0%
DVAX	A	0.0%
NX	C	0.0%
PLMR	D	0.0%
HTZ	F	0.0%
CLW	F	0.0%
LSCC	C	0.0%
HZO	F	0.0%
AIR	F	0.0%
PRAA	D	0.0%
RCUS	F	0.0%
PLNT	D	0.0%
JOE	F	0.0%
CRVL	D	0.0%
CALX	D	0.0%
NEOG	D	0.0%
HAYN	A	0.0%
EXPO	D	0.0%
LKFN	B	0.0%
ACLS	F	0.0%
EVTC	D	0.0%
BOX	D	0.0%
MANH	D	0.0%
ETD	F	0.0%
HAYW	A	0.0%
ROG	D	0.0%
IART	C	0.0%
FBRT	B	0.0%
NTCT	C	0.0%
CNSL	A	0.0%
PLAY	C	0.0%
TWI	F	0.0%
MTRN	D	0.0%
ENV	A	0.0%
VTOL	D	0.0%
AOSL	D	0.0%
PRGS	B	0.0%
TR	F	0.0%
ASTH	C	0.0%
AMBC	D	0.0%
NGVT	C	0.0%
ZI	C	0.0%
FOXF	F	0.0%
HFWA	A	0.0%
QNST	A	0.0%
CENX	B	0.0%
MYGN	F	0.0%
SMTC	B	0.0%
HLIT	F	0.0%
ROCK	D	0.0%
CVLT	B	0.0%
SAM	C	0.0%
FIVE	C	0.0%
UFCS	F	0.0%
PRDO	B	0.0%
GES	F	0.0%
VRRM	F	0.0%
PRA	B	0.0%
UTL	D	0.0%
TRIP	C	0.0%
IPAR	D	0.0%
CSR	D	0.0%
SUPN	B	0.0%
TRST	D	0.0%
PAHC	B	0.0%
ALEX	C	0.0%
TFIN	B	0.0%
ADUS	D	0.0%
VRTS	B	0.0%
AIN	F	0.0%
MCRI	A	0.0%
BFS	D	0.0%
HELE	C	0.0%
MSA	F	0.0%
HAE	F	0.0%
FBNC	D	0.0%
SCL	F	0.0%
PFBC	B	0.0%
CAL	F	0.0%
CUBI	D	0.0%

VLU Underweight 5 Positions Relative to SSO

Symbol	Grade	Weight
KKR	B	-0.13%
GEV	A	-0.11%
PLTR	B	-0.11%
CRWD	C	-0.09%
DELL	A	-0.05%