VLU vs. URTH ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to iShares MSCI World Index Fund (URTH)

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$171.87

Average Daily Volume

5,214

Number of Holdings ^*

1436

* may have additional holdings in another (foreign) market

URTH

iShares MSCI World Index Fund

URTH Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI World Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is designed to measure the performance of equity securities in the top 85% of equity market capitalization, as calculated by the index provider, in certain developed market countries.

Grade (RS Rating)

Last Trade

$147.96

Average Daily Volume

183,838

Number of Holdings ^*

634

* may have additional holdings in another (foreign) market

Performance

Period	VLU	URTH
30 Days	-1.60%	1.66%
60 Days	2.98%	8.63%
90 Days	-0.10%	3.44%
12 Months	18.48%	21.00%

524 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in URTH	Overlap
	A	C	0.03%	0.06%	0.03%
	AAPL	B	2.16%	4.61%	2.16%
	ABBV	B	0.42%	0.13%	0.13%
	ABBV	B	0.42%	0.45%	0.42%
	ABNB	D	0.08%	0.1%	0.08%
	ABT	D	0.25%	0.28%	0.25%
	ACGL	B	0.13%	0.06%	0.06%
	ACM	C	0.02%	0.02%	0.02%
	ACN	F	0.28%	0.28%	0.28%
	ADBE	C	0.17%	0.32%	0.17%
	ADI	B	0.15%	0.18%	0.15%
	ADM	F	0.31%	0.05%	0.05%
	ADP	C	0.08%	0.15%	0.08%
	ADSK	B	0.03%	0.07%	0.03%
	AEE	D	0.08%	0.03%	0.03%
	AEP	B	0.16%	0.07%	0.07%
	AES	C	0.06%	0.02%	0.02%
	AFG	C	0.08%	0.01%	0.01%
	AFL	A	0.19%	0.08%	0.08%
	AGCO	F	0.03%	0.01%	0.01%
	AIG	D	0.29%	0.08%	0.08%
	AIZ	D	0.04%	0.01%	0.01%
	AJG	A	0.05%	0.08%	0.05%
	AKAM	F	0.03%	0.02%	0.02%
	ALB	F	0.06%	0.02%	0.02%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	D	0.15%	0.06%	0.06%
	ALLE	D	0.01%	0.02%	0.01%
	ALLY	B	0.1%	0.01%	0.01%
	AMAT	A	0.16%	0.29%	0.16%
	AMCR	B	0.06%	0.02%	0.02%
	AMD	C	0.16%	0.39%	0.16%
	AME	C	0.04%	0.06%	0.04%
	AMGN	B	0.27%	0.25%	0.25%
	AMH	C	0.03%	0.02%	0.02%
	AMP	A	0.1%	0.07%	0.07%
	AMT	C	0.14%	0.14%	0.14%
	AMZN	C	2.02%	2.66%	2.02%
	ANET	A	0.06%	0.12%	0.06%
	ANSS	C	0.02%	0.04%	0.02%
	AON	C	0.05%	0.09%	0.05%
	AOS	C	0.02%	0.02%	0.02%
	APA	F	0.06%	0.02%	0.02%
	APD	B	0.15%	0.09%	0.09%
	APH	A	0.07%	0.12%	0.07%
	APTV	F	0.08%	0.03%	0.03%
	ARE	C	0.05%	0.03%	0.03%
	ATO	C	0.06%	0.03%	0.03%
	AVB	A	0.07%	0.04%	0.04%
	AVGO	B	0.38%	0.98%	0.38%
	AVY	A	0.03%	0.03%	0.03%
	AWK	B	0.06%	0.04%	0.04%
	AXON	C	0.01%	0.03%	0.01%
	AXP	C	0.32%	0.2%	0.2%
	AZO	C	0.06%	0.08%	0.06%
	BA	D	0.18%	0.16%	0.16%
	BAC	A	1.49%	0.42%	0.42%
	BALL	D	0.05%	0.03%	0.03%
	BAX	D	0.06%	0.02%	0.02%
	BBWI	D	0.03%	0.01%	0.01%
	BBY	A	0.16%	0.03%	0.03%
	BDX	D	0.1%	0.1%	0.1%
	BEN	F	0.06%	0.01%	0.01%
	BG	D	0.15%	0.02%	0.02%
	BIIB	C	0.11%	0.05%	0.05%
	BIO	D	0.02%	0.01%	0.01%
	BK	B	0.25%	0.07%	0.07%
	BKNG	A	0.1%	0.2%	0.1%
	BKR	D	0.1%	0.05%	0.05%
	BLDR	D	0.04%	0.03%	0.03%
	BLK	B	0.18%	0.17%	0.17%
	BMY	F	0.3%	0.14%	0.14%
	BR	C	0.02%	0.03%	0.02%
	BRK.A	C	2.32%	0.81%	0.81%
	BRO	A	0.03%	0.03%	0.03%
	BSX	B	0.11%	0.17%	0.11%
	BURL	B	0.02%	0.02%	0.02%
	BX	C	0.1%	0.13%	0.1%
	BXP	C	0.05%	0.01%	0.01%
	C	C	1.11%	0.17%	0.17%
	CAG	D	0.08%	0.02%	0.02%
	CAH	C	0.23%	0.04%	0.04%
	CARR	A	0.07%	0.08%	0.07%
	CAT	D	0.24%	0.25%	0.24%
	CB	B	0.37%	0.17%	0.17%
	CBRE	C	0.06%	0.04%	0.04%
	CCI	D	0.1%	0.07%	0.07%
	CCK	D	0.03%	0.02%	0.02%
	CCL	C	0.16%	0.03%	0.03%
	CDNS	A	0.03%	0.12%	0.03%
	CDW	C	0.04%	0.04%	0.04%
	CE	D	0.05%	0.02%	0.02%
	CEG	B	0.04%	0.11%	0.04%
	CELH	F	0.0%	0.01%	0.0%
	CF	D	0.06%	0.02%	0.02%
	CFG	C	0.15%	0.02%	0.02%
	CG	D	0.02%	0.01%	0.01%
	CHD	A	0.03%	0.04%	0.03%
	CHK	D	0.09%	0.02%	0.02%
	CHRD	D	0.1%	0.02%	0.02%
	CHRW	B	0.05%	0.01%	0.01%
	CHTR	C	0.26%	0.04%	0.04%
	CI	D	0.41%	0.15%	0.15%
	CINF	C	0.06%	0.03%	0.03%
	CL	A	0.1%	0.11%	0.1%
	CLF	F	0.03%	0.01%	0.01%
	CLX	C	0.03%	0.02%	0.02%
	CMCSA	F	0.64%	0.23%	0.23%
	CME	D	0.1%	0.11%	0.1%
	CMG	A	0.05%	0.13%	0.05%
	CMI	C	0.12%	0.06%	0.06%
	CMS	D	0.06%	0.03%	0.03%
	CNC	D	0.35%	0.06%	0.06%
	CNP	A	0.08%	0.03%	0.03%
	COF	C	0.51%	0.08%	0.08%
	COP	D	0.46%	0.2%	0.2%
	COST	A	0.3%	0.57%	0.3%
	CPAY	D	0.03%	0.03%	0.03%
	CPB	C	0.05%	0.01%	0.01%
	CPRT	C	0.04%	0.07%	0.04%
	CPT	A	0.04%	0.02%	0.02%
	CRL	D	0.02%	0.02%	0.02%
	CRM	F	0.22%	0.35%	0.22%
	CSCO	F	0.45%	0.28%	0.28%
	CSGP	F	0.03%	0.05%	0.03%
	CSL	A	0.03%	0.03%	0.03%
	CSX	D	0.11%	0.1%	0.1%
	CTAS	A	0.04%	0.09%	0.04%
	CTLT	C	0.01%	0.01%	0.01%
	CTRA	D	0.07%	0.03%	0.03%
	CTSH	D	0.1%	0.05%	0.05%
	CTVA	D	0.08%	0.06%	0.06%
	CVS	D	0.72%	0.12%	0.12%
	CVX	D	1.49%	0.42%	0.42%
	CZR	C	0.03%	0.01%	0.01%
	D	C	0.24%	0.07%	0.07%
	DAL	D	0.31%	0.01%	0.01%
	DAY	F	0.01%	0.01%	0.01%
	DD	B	0.19%	0.05%	0.05%
	DE	D	0.22%	0.15%	0.15%
	DECK	B	0.03%	0.04%	0.03%
	DFS	B	0.13%	0.05%	0.05%
	DG	F	0.09%	0.04%	0.04%
	DGX	C	0.05%	0.03%	0.03%
	DHI	D	0.1%	0.06%	0.06%
	DHR	B	0.14%	0.28%	0.14%
	DINO	D	0.08%	0.01%	0.01%
	DIS	C	0.31%	0.28%	0.28%
	DKS	A	0.04%	0.02%	0.02%
	DLR	A	0.04%	0.07%	0.04%
	DLTR	F	0.07%	0.04%	0.04%
	DOC	B	0.05%	0.02%	0.02%
	DOV	B	0.03%	0.04%	0.03%
	DOW	D	0.22%	0.06%	0.06%
	DPZ	A	0.01%	0.03%	0.01%
	DRI	C	0.04%	0.03%	0.03%
	DT	F	0.01%	0.02%	0.01%
	DTE	C	0.1%	0.04%	0.04%
	DUK	B	0.33%	0.12%	0.12%
	DVA	B	0.07%	0.01%	0.01%
	DVN	D	0.17%	0.04%	0.04%
	DXCM	C	0.02%	0.07%	0.02%
	EA	B	0.05%	0.06%	0.05%
	EBAY	A	0.09%	0.04%	0.04%
	ECL	A	0.05%	0.09%	0.05%
	ED	D	0.13%	0.05%	0.05%
	EFX	B	0.02%	0.04%	0.02%
	EG	B	0.09%	0.02%	0.02%
	EIX	C	0.1%	0.04%	0.04%
	EL	F	0.06%	0.04%	0.04%
	ELS	C	0.02%	0.02%	0.02%
	ELV	C	0.43%	0.19%	0.19%
	EME	B	0.02%	0.03%	0.02%
	EMN	B	0.05%	0.02%	0.02%
	EMR	C	0.15%	0.09%	0.09%
	ENPH	C	0.02%	0.03%	0.02%
	EOG	D	0.24%	0.11%	0.11%
	EPAM	F	0.01%	0.01%	0.01%
	EQH	B	0.07%	0.02%	0.02%
	EQIX	C	0.07%	0.11%	0.07%
	EQR	A	0.08%	0.03%	0.03%
	EQT	D	0.09%	0.02%	0.02%
	ERIE	C	0.02%	0.01%	0.01%
	ES	D	0.09%	0.03%	0.03%
	ESS	A	0.04%	0.02%	0.02%
	ETN	C	0.12%	0.19%	0.12%
	ETR	D	0.12%	0.04%	0.04%
	ETSY	F	0.01%	0.01%	0.01%
	EVRG	C	0.07%	0.02%	0.02%
	EW	C	0.05%	0.08%	0.05%
	EXC	D	0.2%	0.05%	0.05%
	EXPD	B	0.04%	0.03%	0.03%
	EXPE	C	0.04%	0.03%	0.03%
	EXR	A	0.04%	0.05%	0.04%
	F	D	0.46%	0.07%	0.07%
	FANG	D	0.12%	0.05%	0.05%
	FAST	C	0.03%	0.05%	0.03%
	FCX	D	0.1%	0.11%	0.1%
	FDS	D	0.01%	0.02%	0.01%
	FDX	D	0.24%	0.09%	0.09%
	FE	C	0.07%	0.03%	0.03%
	FFIV	D	0.02%	0.01%	0.01%
	FICO	B	0.01%	0.05%	0.01%
	FIS	A	0.11%	0.07%	0.07%
	FITB	C	0.1%	0.04%	0.04%
	FNF	C	0.07%	0.02%	0.02%
	FOX	B	0.04%	0.01%	0.01%
	FOXA	B	0.08%	0.02%	0.02%
	FSLR	C	0.04%	0.05%	0.04%
	FTNT	F	0.03%	0.06%	0.03%
	FTV	D	0.03%	0.04%	0.03%
	GD	A	0.21%	0.1%	0.1%
	GDDY	B	0.03%	0.03%	0.03%
	GE	C	0.27%	0.27%	0.27%
	GEHC	C	0.03%	0.05%	0.03%
	GGG	D	0.01%	0.02%	0.01%
	GILD	F	0.28%	0.12%	0.12%
	GIS	C	0.12%	0.06%	0.06%
	GLPI	C	0.04%	0.02%	0.02%
	GLW	A	0.09%	0.04%	0.04%
	GM	B	0.52%	0.08%	0.08%
	GOOG	B	1.33%	1.38%	1.33%
	GOOGL	B	0.81%	1.58%	0.81%
	GPC	D	0.06%	0.03%	0.03%
	GPN	F	0.06%	0.04%	0.04%
	GRMN	B	0.06%	0.04%	0.04%
	GS	B	0.51%	0.22%	0.22%
	GWW	C	0.05%	0.06%	0.05%
	H	C	0.02%	0.01%	0.01%
	HAL	D	0.1%	0.05%	0.05%
	HBAN	D	0.1%	0.03%	0.03%
	HCA	A	0.21%	0.1%	0.1%
	HD	B	0.47%	0.51%	0.47%
	HES	D	0.07%	0.06%	0.06%
	HIG	A	0.12%	0.04%	0.04%
	HII	D	0.03%	0.01%	0.01%
	HLT	A	0.02%	0.08%	0.02%
	HOLX	D	0.02%	0.03%	0.02%
	HON	A	0.23%	0.21%	0.21%
	HPE	B	0.25%	0.04%	0.04%
	HPQ	B	0.3%	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	0.07%	0.04%	0.04%
	HUBB	C	0.03%	0.03%	0.03%
	HUM	C	0.23%	0.07%	0.07%
	HWM	B	0.03%	0.05%	0.03%
	IBM	C	0.38%	0.23%	0.23%
	ICE	B	0.1%	0.12%	0.1%
	IDXX	C	0.03%	0.06%	0.03%
	IEX	D	0.01%	0.02%	0.01%
	IFF	B	0.06%	0.04%	0.04%
	ILMN	F	0.02%	0.03%	0.02%
	INCY	B	0.03%	0.02%	0.02%
	INTC	F	0.45%	0.2%	0.2%
	INTU	C	0.06%	0.24%	0.06%
	INVH	A	0.04%	0.03%	0.03%
	IP	A	0.15%	0.02%	0.02%
	IPG	F	0.04%	0.02%	0.02%
	IQV	D	0.05%	0.06%	0.05%
	IR	B	0.02%	0.06%	0.02%
	IRM	A	0.04%	0.04%	0.04%
	ISRG	A	0.09%	0.23%	0.09%
	IT	C	0.03%	0.05%	0.03%
	ITW	D	0.09%	0.11%	0.09%
	J	C	0.04%	0.03%	0.03%
	JBHT	F	0.03%	0.02%	0.02%
	JBL	C	0.05%	0.02%	0.02%
	JCI	B	0.15%	0.07%	0.07%
	JKHY	D	0.01%	0.02%	0.01%
	JNJ	F	0.82%	0.53%	0.53%
	JNPR	B	0.02%	0.02%	0.02%
	JPM	B	1.39%	0.85%	0.85%
	K	C	0.06%	0.03%	0.03%
	KDP	A	0.12%	0.06%	0.06%
	KEY	D	0.12%	0.02%	0.02%
	KEYS	D	0.03%	0.04%	0.03%
	KHC	D	0.25%	0.05%	0.05%
	KIM	B	0.03%	0.02%	0.02%
	KLAC	A	0.06%	0.16%	0.06%
	KMB	A	0.11%	0.07%	0.07%
	KMI	B	0.36%	0.06%	0.06%
	KMX	C	0.04%	0.02%	0.02%
	KNX	F	0.03%	0.01%	0.01%
	KO	B	0.41%	0.4%	0.4%
	KR	C	0.32%	0.05%	0.05%
	KVUE	D	0.19%	0.05%	0.05%
	L	C	0.13%	0.02%	0.02%
	LDOS	B	0.05%	0.03%	0.03%
	LEN	D	0.13%	0.06%	0.06%
	LHX	B	0.1%	0.06%	0.06%
	LII	A	0.02%	0.02%	0.02%
	LIN	B	0.2%	0.32%	0.2%
	LKQ	F	0.04%	0.02%	0.02%
	LLY	A	0.24%	1.06%	0.24%
	LMT	C	0.31%	0.16%	0.16%
	LNT	D	0.04%	0.02%	0.02%
	LOW	C	0.21%	0.19%	0.19%
	LRCX	A	0.11%	0.2%	0.11%
	LSCC	F	0.0%	0.01%	0.0%
	LULU	F	0.03%	0.05%	0.03%
	LUV	B	0.17%	0.01%	0.01%
	LVS	F	0.07%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	C	0.23%	0.04%	0.04%
	LYV	C	0.03%	0.02%	0.02%
	MA	C	0.13%	0.57%	0.13%
	MAA	B	0.04%	0.02%	0.02%
	MANH	B	0.0%	0.02%	0.0%
	MAR	C	0.09%	0.09%	0.09%
	MAS	C	0.02%	0.02%	0.02%
	MCD	F	0.14%	0.28%	0.14%
	MCHP	B	0.07%	0.08%	0.07%
	MCK	A	0.42%	0.12%	0.12%
	MCO	A	0.04%	0.1%	0.04%
	MDLZ	D	0.21%	0.14%	0.14%
	MDT	D	0.34%	0.16%	0.16%
	MET	C	0.41%	0.07%	0.07%
	META	B	1.69%	1.69%	1.69%
	MGM	D	0.06%	0.02%	0.02%
	MKC	D	0.04%	0.03%	0.03%
	MKTX	F	0.01%	0.01%	0.01%
	MLM	C	0.03%	0.05%	0.03%
	MMC	A	0.12%	0.16%	0.12%
	MMM	B	0.23%	0.08%	0.08%
	MNST	F	0.06%	0.06%	0.06%
	MO	B	0.34%	0.12%	0.12%
	MOH	F	0.04%	0.03%	0.03%
	MOS	F	0.09%	0.02%	0.02%
	MPC	D	0.61%	0.1%	0.1%
	MPWR	A	0.01%	0.06%	0.01%
	MRK	B	0.45%	0.51%	0.45%
	MRNA	C	0.07%	0.07%	0.07%
	MRO	C	0.09%	0.02%	0.02%
	MS	B	0.5%	0.18%	0.18%
	MSCI	D	0.01%	0.06%	0.01%
	MSFT	A	1.6%	4.64%	1.6%
	MSI	A	0.04%	0.1%	0.04%
	MTB	C	0.13%	0.04%	0.04%
	MTCH	D	0.01%	0.01%	0.01%
	MTD	B	0.02%	0.05%	0.02%
	MU	B	0.2%	0.23%	0.2%
	NBIX	D	0.01%	0.02%	0.01%
	NDAQ	C	0.05%	0.04%	0.04%
	NDSN	D	0.02%	0.02%	0.02%
	NEE	C	0.38%	0.23%	0.23%
	NEM	B	0.15%	0.07%	0.07%
	NFLX	A	0.17%	0.43%	0.17%
	NI	C	0.05%	0.02%	0.02%
	NKE	C	0.16%	0.18%	0.16%
	NOC	F	0.14%	0.09%	0.09%
	NOW	C	0.05%	0.22%	0.05%
	NRG	B	0.06%	0.03%	0.03%
	NSC	D	0.12%	0.08%	0.08%
	NTAP	A	0.04%	0.04%	0.04%
	NTRS	C	0.07%	0.03%	0.03%
	NUE	D	0.13%	0.06%	0.06%
	NVDA	A	0.34%	4.59%	0.34%
	NVR	D	0.05%	0.04%	0.04%
	NWSA	B	0.03%	0.02%	0.02%
	NXPI	B	0.1%	0.11%	0.1%
	O	D	0.11%	0.07%	0.07%
	OC	B	0.05%	0.02%	0.02%
	ODFL	D	0.03%	0.05%	0.03%
	OKE	C	0.11%	0.07%	0.07%
	OMC	C	0.06%	0.03%	0.03%
	ON	C	0.05%	0.05%	0.05%
	ORCL	A	0.33%	0.31%	0.31%
	ORLY	C	0.07%	0.09%	0.07%
	OTIS	B	0.04%	0.06%	0.04%
	OVV	D	0.12%	0.02%	0.02%
	OXY	D	0.22%	0.06%	0.06%
	PANW	B	0.06%	0.15%	0.06%
	PARA	F	0.05%	0.01%	0.01%
	PAYC	F	0.0%	0.01%	0.0%
	PAYX	A	0.05%	0.06%	0.05%
	PCAR	C	0.13%	0.08%	0.08%
	PCG	B	0.12%	0.06%	0.06%
	PCTY	F	0.0%	0.01%	0.0%
	PEG	B	0.13%	0.05%	0.05%
	PEP	D	0.38%	0.34%	0.34%
	PFE	C	0.87%	0.24%	0.24%
	PFG	C	0.16%	0.03%	0.03%
	PG	A	0.53%	0.6%	0.53%
	PGR	C	0.17%	0.18%	0.17%
	PH	D	0.08%	0.1%	0.08%
	PHM	D	0.06%	0.04%	0.04%
	PKG	B	0.04%	0.03%	0.03%
	PLD	C	0.14%	0.15%	0.14%
	PM	B	0.5%	0.24%	0.24%
	PNC	C	0.33%	0.09%	0.09%
	PNR	C	0.02%	0.02%	0.02%
	PODD	B	0.0%	0.02%	0.0%
	POOL	D	0.01%	0.02%	0.01%
	PPG	D	0.07%	0.05%	0.05%
	PPL	B	0.09%	0.03%	0.03%
	PRU	B	0.4%	0.06%	0.06%
	PSA	B	0.06%	0.07%	0.06%
	PSTG	B	0.02%	0.03%	0.02%
	PSX	D	0.56%	0.09%	0.09%
	PTC	D	0.02%	0.03%	0.02%
	PWR	A	0.04%	0.06%	0.04%
	PYPL	D	0.17%	0.1%	0.1%
	QCOM	A	0.31%	0.35%	0.31%
	QRVO	B	0.02%	0.02%	0.02%
	RCL	B	0.06%	0.06%	0.06%
	REG	B	0.03%	0.02%	0.02%
	REGN	A	0.14%	0.17%	0.14%
	RF	C	0.09%	0.03%	0.03%
	RGEN	F	0.01%	0.01%	0.01%
	RJF	C	0.05%	0.04%	0.04%
	RMD	B	0.02%	0.05%	0.02%
	ROK	F	0.04%	0.05%	0.04%
	ROL	A	0.01%	0.02%	0.01%
	ROP	A	0.06%	0.09%	0.06%
	ROST	A	0.07%	0.08%	0.07%
	RPM	B	0.02%	0.02%	0.02%
	RS	D	0.05%	0.02%	0.02%
	RSG	B	0.09%	0.06%	0.06%
	RTX	B	0.44%	0.22%	0.22%
	SBAC	F	0.02%	0.03%	0.02%
	SBUX	D	0.13%	0.14%	0.13%
	SCHW	D	0.27%	0.17%	0.17%
	SEIC	C	0.02%	0.01%	0.01%
	SHW	C	0.05%	0.11%	0.05%
	SJM	C	0.05%	0.02%	0.02%
	SLB	F	0.15%	0.1%	0.1%
	SMCI	C	0.02%	0.06%	0.02%
	SNA	D	0.03%	0.02%	0.02%
	SNPS	A	0.05%	0.13%	0.05%
	SO	B	0.3%	0.13%	0.13%
	SOLV	F	0.0%	0.01%	0.0%
	SPG	B	0.06%	0.07%	0.06%
	SPGI	B	0.11%	0.21%	0.11%
	SRE	B	0.16%	0.07%	0.07%
	STE	D	0.02%	0.04%	0.02%
	STLD	C	0.08%	0.03%	0.03%
	STT	D	0.12%	0.03%	0.03%
	STX	A	0.05%	0.03%	0.03%
	STZ	C	0.06%	0.06%	0.06%
	SWK	D	0.05%	0.02%	0.02%
	SWKS	B	0.05%	0.02%	0.02%
	SYF	C	0.17%	0.03%	0.03%
	SYK	B	0.09%	0.18%	0.09%
	SYY	D	0.12%	0.05%	0.05%
	T	B	1.21%	0.19%	0.19%
	TAP	F	0.09%	0.01%	0.01%
	TDG	B	0.02%	0.11%	0.02%
	TDY	D	0.03%	0.03%	0.03%
	TECH	C	0.01%	0.02%	0.01%
	TEL	A	0.11%	0.07%	0.07%
	TER	A	0.02%	0.03%	0.02%
	TFC	C	0.45%	0.07%	0.07%
	TFX	D	0.01%	0.01%	0.01%
	TGT	D	0.24%	0.1%	0.1%
	TJX	A	0.16%	0.18%	0.16%
	TMO	C	0.18%	0.34%	0.18%
	TMUS	B	0.39%	0.15%	0.15%
	TRGP	A	0.06%	0.04%	0.04%
	TRMB	C	0.02%	0.02%	0.02%
	TROW	B	0.08%	0.04%	0.04%
	TRV	D	0.17%	0.07%	0.07%
	TSCO	A	0.04%	0.05%	0.04%
	TSLA	C	0.37%	0.74%	0.37%
	TSN	D	0.15%	0.02%	0.02%
	TT	A	0.07%	0.11%	0.07%
	TTC	B	0.01%	0.01%	0.01%
	TTWO	C	0.02%	0.04%	0.02%
	TXN	B	0.25%	0.27%	0.25%
	TXT	C	0.04%	0.03%	0.03%
	TYL	B	0.02%	0.03%	0.02%
	UBER	B	0.08%	0.2%	0.08%
	UDR	B	0.03%	0.02%	0.02%
	UHS	A	0.05%	0.02%	0.02%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	D	1.06%	0.69%	0.69%
	UNP	D	0.23%	0.21%	0.21%
	UPS	F	0.41%	0.15%	0.15%
	URI	C	0.06%	0.07%	0.06%
	USB	C	0.33%	0.09%	0.09%
	UTHR	A	0.03%	0.02%	0.02%
	V	D	0.41%	0.66%	0.41%
	VICI	D	0.09%	0.05%	0.05%
	VLO	D	0.5%	0.08%	0.08%
	VLTO	A	0.02%	0.04%	0.02%
	VMC	C	0.03%	0.05%	0.03%
	VRSK	A	0.01%	0.06%	0.01%
	VRSN	C	0.02%	0.03%	0.02%
	VRTX	B	0.12%	0.19%	0.12%
	VST	C	0.07%	0.05%	0.05%
	VTR	A	0.07%	0.03%	0.03%
	VTRS	F	0.12%	0.02%	0.02%
	VZ	B	1.61%	0.26%	0.26%
	WAB	B	0.04%	0.04%	0.04%
	WAT	D	0.02%	0.03%	0.02%
	WBA	D	0.11%	0.02%	0.02%
	WBD	F	0.17%	0.03%	0.03%
	WDC	A	0.06%	0.04%	0.04%
	WEC	D	0.09%	0.04%	0.04%
	WELL	A	0.1%	0.09%	0.09%
	WFC	C	1.14%	0.31%	0.31%
	WLK	D	0.05%	0.01%	0.01%
	WM	C	0.1%	0.12%	0.1%
	WMB	A	0.16%	0.08%	0.08%
	WMT	A	1.57%	0.45%	0.45%
	WPC	D	0.05%	0.02%	0.02%
	WRB	C	0.05%	0.02%	0.02%
	WRK	C	0.12%	0.02%	0.02%
	WSM	B	0.03%	0.03%	0.03%
	WSO	A	0.03%	0.02%	0.02%
	WST	F	0.01%	0.04%	0.01%
	WTRG	C	0.03%	0.02%	0.02%
	WTW	D	0.06%	0.04%	0.04%
	WY	F	0.07%	0.03%	0.03%
	WYNN	D	0.02%	0.01%	0.01%
	XEL	D	0.13%	0.05%	0.05%
	XOM	D	2.11%	0.77%	0.77%
	XRX	F	0.02%	0.02%	0.02%
	XYL	B	0.03%	0.05%	0.03%
	YUM	C	0.04%	0.06%	0.04%
	ZBH	F	0.05%	0.04%	0.04%
	ZBRA	D	0.02%	0.02%	0.02%
	ZTS	C	0.05%	0.13%	0.05%

VLU Overweight 913 Positions Relative to URTH

	Symbol	Grade	Weight
	UAL	C	0.16%
	RGA	B	0.13%
	SNX	A	0.1%
	PFGC	D	0.1%
	UNM	D	0.09%
	SWN	D	0.08%
	X	F	0.08%
	USFD	B	0.07%
	LEA	F	0.07%
	LAD	D	0.07%
	ARW	C	0.07%
	AAL	F	0.07%
	BWA	F	0.07%
	MUR	D	0.06%
	THC	B	0.06%
	ZION	C	0.06%
	CMA	D	0.06%
	MHK	D	0.06%
	CIVI	D	0.06%
	IVZ	D	0.06%
	FHN	D	0.05%
	WHR	F	0.05%
	UGI	D	0.05%
	IBKR	B	0.05%
	AVT	B	0.05%
	PBF	F	0.05%
	PNW	C	0.05%
	M	D	0.05%
	ARMK	A	0.05%
	ABG	B	0.05%
	JXN	C	0.05%
	ALK	C	0.05%
	COOP	B	0.05%
	RNR	B	0.05%
	OGN	C	0.05%
	R	D	0.05%
	LNC	B	0.05%
	GPS	C	0.05%
	STWD	C	0.05%
	AR	C	0.05%
	AAP	D	0.04%
	HCC	C	0.04%
	VNO	C	0.04%
	BJ	A	0.04%
	COLB	F	0.04%
	AMKR	A	0.04%
	RRC	D	0.04%
	CNX	C	0.04%
	BERY	B	0.04%
	GPI	B	0.04%
	OZK	D	0.04%
	JLL	A	0.04%
	AN	B	0.04%
	JEF	B	0.04%
	VFC	C	0.04%
	EWBC	C	0.04%
	JHG	B	0.04%
	VOYA	B	0.04%
	WU	D	0.04%
	TOL	D	0.04%
	WCC	C	0.04%
	ORI	D	0.04%
	AL	C	0.04%
	SIG	D	0.03%
	URBN	B	0.03%
	GL	C	0.03%
	RDN	C	0.03%
	FNB	D	0.03%
	ETRN	C	0.03%
	NCLH	D	0.03%
	TGNA	F	0.03%
	BHF	F	0.03%
	FLR	A	0.03%
	WFRD	C	0.03%
	NNN	B	0.03%
	HOG	D	0.03%
	HAS	C	0.03%
	NXST	D	0.03%
	CNXC	D	0.03%
	PAG	D	0.03%
	HIW	C	0.03%
	AA	C	0.03%
	ONB	C	0.03%
	SF	C	0.03%
	MDU	C	0.03%
	CBOE	D	0.03%
	BXMT	C	0.03%
	OGE	C	0.03%
	PR	C	0.03%
	CNO	B	0.03%
	THO	F	0.03%
	FMC	F	0.03%
	NFG	C	0.03%
	POST	D	0.03%
	GPK	C	0.03%
	ARCH	D	0.03%
	ASB	C	0.03%
	NOV	D	0.03%
	APLE	D	0.03%
	XPO	D	0.03%
	VLY	D	0.03%
	GNW	D	0.03%
	NWL	F	0.03%
	SNV	C	0.03%
	CASY	B	0.03%
	FAF	D	0.03%
	ABM	B	0.03%
	PK	D	0.03%
	MTDR	D	0.03%
	RL	B	0.03%
	SM	C	0.03%
	CACI	A	0.03%
	MPW	C	0.03%
	ALV	D	0.03%
	FYBR	B	0.03%
	INGR	C	0.03%
	TPR	C	0.03%
	WBS	D	0.03%
	SON	C	0.03%
	DXC	D	0.03%
	OGS	D	0.03%
	OHI	A	0.03%
	MAN	D	0.03%
	KD	C	0.03%
	NOG	D	0.03%
	TMHC	D	0.03%
	CMC	D	0.03%
	HP	F	0.03%
	SKX	B	0.03%
	KRC	D	0.03%
	BKH	D	0.03%
	MUSA	A	0.03%
	GT	F	0.03%
	SANM	B	0.03%
	KRG	B	0.02%
	FLS	C	0.02%
	RNST	D	0.02%
	CPRI	F	0.02%
	DY	C	0.02%
	CIEN	F	0.02%
	TTEK	B	0.02%
	TXRH	B	0.02%
	KBR	C	0.02%
	TNL	C	0.02%
	MIDD	D	0.02%
	EVR	A	0.02%
	ENS	B	0.02%
	LEG	F	0.02%
	MGY	C	0.02%
	SLM	D	0.02%
	RRX	D	0.02%
	CABO	F	0.02%
	IBTX	C	0.02%
	GNTX	D	0.02%
	VAC	F	0.02%
	COLM	B	0.02%
	PFS	F	0.02%
	ASO	D	0.02%
	DAN	D	0.02%
	PEB	D	0.02%
	REXR	D	0.02%
	MMS	B	0.02%
	VVV	C	0.02%
	REZI	D	0.02%
	GEF	D	0.02%
	EAT	B	0.02%
	ANDE	D	0.02%
	MTN	F	0.02%
	AXTA	B	0.02%
	WIRE	B	0.02%
	VAL	B	0.02%
	CRC	D	0.02%
	BHE	C	0.02%
	EEFT	C	0.02%
	POR	D	0.02%
	FHB	C	0.02%
	PRI	B	0.02%
	CNK	B	0.02%
	BANC	D	0.02%
	CBT	B	0.02%
	WAFD	D	0.02%
	AGO	C	0.02%
	SEE	C	0.02%
	SKYW	B	0.02%
	NATL	B	0.02%
	GBX	C	0.02%
	WOR	F	0.02%
	KAR	D	0.02%
	CXW	F	0.02%
	BCC	D	0.02%
	VSH	D	0.02%
	SIGI	F	0.02%
	PNM	D	0.02%
	OI	F	0.02%
	CW	B	0.02%
	MLKN	D	0.02%
	GEO	D	0.02%
	TCBI	D	0.02%
	MATX	B	0.02%
	SBRA	A	0.02%
	FLO	D	0.02%
	ATI	C	0.02%
	SR	D	0.02%
	TKR	D	0.02%
	PDCO	C	0.02%
	BLD	B	0.02%
	CBSH	D	0.02%
	MSM	D	0.02%
	PTEN	F	0.02%
	HBI	C	0.02%
	PRG	C	0.02%
	JBLU	D	0.02%
	SFM	B	0.02%
	GXO	F	0.02%
	IBOC	C	0.02%
	ADC	B	0.02%
	SAIC	D	0.02%
	BC	F	0.02%
	G	D	0.02%
	FFBC	D	0.02%
	GNRC	C	0.02%
	ASH	B	0.02%
	THG	D	0.02%
	CWK	B	0.02%
	COKE	B	0.02%
	ENVA	C	0.02%
	LBRT	D	0.02%
	AVNT	C	0.02%
	SSB	D	0.02%
	CC	F	0.02%
	SNEX	D	0.02%
	SFNC	D	0.02%
	CFR	D	0.02%
	AMR	F	0.02%
	AIRC	A	0.02%
	ALE	B	0.02%
	TDS	C	0.02%
	PNFP	D	0.02%
	UBSI	D	0.02%
	TPH	D	0.02%
	WTFC	D	0.02%
	EHC	B	0.02%
	COTY	F	0.02%
	BRX	B	0.02%
	SLGN	D	0.02%
	NVT	B	0.02%
	SATS	C	0.02%
	WWD	A	0.02%
	COHR	B	0.02%
	FL	C	0.02%
	RHI	F	0.02%
	ESNT	B	0.02%
	AM	B	0.02%
	ST	C	0.02%
	SWX	C	0.02%
	DTM	A	0.02%
	PRGO	F	0.02%
	CADE	D	0.02%
	NYCB	F	0.02%
	LNW	B	0.02%
	KBH	B	0.02%
	MTH	D	0.02%
	CWEN	C	0.02%
	BKU	C	0.02%
	JWN	B	0.02%
	SEM	B	0.02%
	CAR	F	0.02%
	CROX	A	0.02%
	CUZ	C	0.02%
	AMG	D	0.02%
	UFPI	D	0.02%
	KEX	B	0.02%
	CUBE	B	0.02%
	PII	F	0.02%
	MLI	D	0.02%
	CALM	C	0.02%
	NSIT	B	0.02%
	TRN	B	0.02%
	SCI	B	0.02%
	LAMR	C	0.02%
	HRB	A	0.02%
	GME	C	0.02%
	MTG	B	0.02%
	MTZ	B	0.02%
	JAZZ	C	0.02%
	PB	D	0.02%
	DEI	C	0.02%
	HWC	D	0.02%
	ABR	B	0.02%
	ADNT	F	0.02%
	KSS	F	0.02%
	CLH	A	0.02%
	PENN	C	0.02%
	CATY	C	0.02%
	BTU	D	0.02%
	GHC	C	0.02%
	CR	B	0.02%
	CEIX	C	0.02%
	OSK	D	0.02%
	PVH	C	0.02%
	DAR	F	0.02%
	OLN	D	0.02%
	LTC	B	0.01%
	MERC	D	0.01%
	APOG	D	0.01%
	CHCO	C	0.01%
	MSGS	C	0.01%
	AWR	D	0.01%
	NEOG	B	0.01%
	NVRI	C	0.01%
	ROG	B	0.01%
	RMBS	D	0.01%
	HTZ	F	0.01%
	CHH	D	0.01%
	SHC	D	0.01%
	CUBI	D	0.01%
	SCHL	D	0.01%
	AZTA	C	0.01%
	EZPW	C	0.01%
	ESAB	C	0.01%
	SVC	F	0.01%
	ESE	C	0.01%
	MP	F	0.01%
	AMBC	F	0.01%
	ROCK	D	0.01%
	FTRE	F	0.01%
	KNF	C	0.01%
	MSA	C	0.01%
	UFCS	D	0.01%
	EGBN	F	0.01%
	RDNT	B	0.01%
	AMWD	D	0.01%
	SAFT	D	0.01%
	CPF	B	0.01%
	VRTS	D	0.01%
	BRKR	D	0.01%
	AEIS	B	0.01%
	MATV	C	0.01%
	CAKE	B	0.01%
	HCSG	F	0.01%
	ZI	F	0.01%
	AZZ	B	0.01%
	SBCF	D	0.01%
	NHC	A	0.01%
	JBT	B	0.01%
	CHEF	B	0.01%
	CHE	D	0.01%
	ALGT	F	0.01%
	CASH	C	0.01%
	XHR	D	0.01%
	BKE	C	0.01%
	GTY	D	0.01%
	CWT	D	0.01%
	SKT	D	0.01%
	MC	C	0.01%
	EXP	C	0.01%
	CPK	D	0.01%
	RCM	B	0.01%
	EFC	B	0.01%
	CAL	C	0.01%
	AIN	D	0.01%
	BHLB	D	0.01%
	AWI	C	0.01%
	MMSI	B	0.01%
	GFF	D	0.01%
	TRIP	F	0.01%
	DCOM	D	0.01%
	EIG	C	0.01%
	DRH	D	0.01%
	EXLS	D	0.01%
	ICUI	B	0.01%
	OUT	D	0.01%
	PJT	B	0.01%
	ACLS	B	0.01%
	HAIN	C	0.01%
	FTDR	C	0.01%
	BGS	F	0.01%
	SCL	D	0.01%
	HAE	D	0.01%
	PLUS	C	0.01%
	VC	F	0.01%
	CARG	B	0.01%
	FSS	B	0.01%
	FWRD	C	0.01%
	FIZZ	B	0.01%
	FCPT	B	0.01%
	CBU	D	0.01%
	RES	F	0.01%
	MGEE	D	0.01%
	HPP	D	0.01%
	GES	F	0.01%
	SEDG	F	0.01%
	PLAY	F	0.01%
	FIVE	F	0.01%
	BLMN	F	0.01%
	DOCS	C	0.01%
	DORM	B	0.01%
	ENR	C	0.01%
	TPX	D	0.01%
	HIBB	A	0.01%
	CVCO	C	0.01%
	DEA	B	0.01%
	FBK	C	0.01%
	OII	D	0.01%
	ALKS	C	0.01%
	BDC	B	0.01%
	THS	F	0.01%
	NSP	F	0.01%
	JJSF	B	0.01%
	NGVT	F	0.01%
	AMCX	F	0.01%
	EPC	B	0.01%
	HLX	D	0.01%
	GO	F	0.01%
	SFBS	C	0.01%
	STC	C	0.01%
	NOVT	B	0.01%
	BRBR	C	0.01%
	SGH	B	0.01%
	WRLD	D	0.01%
	SMPL	C	0.01%
	DNOW	D	0.01%
	MORN	D	0.01%
	AOSL	B	0.01%
	AMN	F	0.01%
	MNRO	F	0.01%
	TDC	F	0.01%
	UE	B	0.01%
	EPRT	B	0.01%
	SHO	D	0.01%
	KN	B	0.01%
	OSIS	C	0.01%
	HQY	B	0.01%
	PLAB	F	0.01%
	RYN	B	0.01%
	HALO	B	0.01%
	FELE	C	0.01%
	B	B	0.01%
	AKR	B	0.01%
	AMED	F	0.01%
	ZD	D	0.01%
	YELP	F	0.01%
	PIPR	A	0.01%
	WD	C	0.01%
	IPGP	F	0.01%
	SBH	D	0.01%
	BCPC	B	0.01%
	NBR	F	0.01%
	LGIH	F	0.01%
	UNF	F	0.01%
	KWR	D	0.01%
	CLW	B	0.01%
	IBP	D	0.01%
	MASI	C	0.01%
	OFG	C	0.01%
	FORM	B	0.01%
	WEN	F	0.01%
	LXP	B	0.01%
	BOOT	A	0.01%
	BWXT	C	0.01%
	POWL	C	0.01%
	SCVL	B	0.01%
	CGNX	B	0.01%
	STRA	D	0.01%
	EXPI	F	0.01%
	LANC	C	0.01%
	STBA	C	0.01%
	RXO	D	0.01%
	KLIC	C	0.01%
	GVA	B	0.01%
	SPTN	F	0.01%
	RWT	B	0.01%
	MYRG	D	0.01%
	SSD	D	0.01%
	MTSI	A	0.01%
	CWEN	C	0.01%
	AROC	C	0.01%
	HELE	F	0.01%
	CVI	F	0.01%
	UCTT	B	0.01%
	ONTO	B	0.01%
	SYNA	D	0.01%
	SXC	D	0.01%
	PRK	B	0.01%
	HASI	B	0.01%
	NBTB	C	0.01%
	UNFI	C	0.01%
	HMN	D	0.01%
	AHCO	B	0.01%
	PHIN	C	0.01%
	IDCC	A	0.01%
	VSTO	B	0.01%
	KELYA	D	0.01%
	VIR	D	0.01%
	FFIN	D	0.01%
	MEDP	B	0.01%
	PRDO	C	0.01%
	IRT	A	0.01%
	ENSG	B	0.01%
	GTLS	D	0.01%
	ARCB	F	0.01%
	PECO	F	0.01%
	ACIW	B	0.01%
	PATK	C	0.01%
	AVAV	A	0.01%
	IOSP	C	0.01%
	CCOI	F	0.01%
	BDN	C	0.01%
	KALU	D	0.01%
	PBI	C	0.01%
	VNT	C	0.01%
	BOH	C	0.01%
	FDP	F	0.01%
	LZB	A	0.01%
	LRN	B	0.01%
	WSFS	C	0.01%
	PINC	F	0.01%
	KMT	D	0.01%
	ORA	C	0.01%
	ITGR	C	0.01%
	ENOV	F	0.01%
	SHOO	B	0.01%
	TREX	C	0.01%
	NPO	C	0.01%
	SXT	B	0.01%
	CCS	D	0.01%
	CRI	F	0.01%
	WGO	F	0.01%
	CNXN	C	0.01%
	GRBK	B	0.01%
	FND	B	0.01%
	WERN	D	0.01%
	SITC	B	0.01%
	WWW	B	0.01%
	BRC	B	0.01%
	WTS	D	0.01%
	CBRL	F	0.01%
	DLX	B	0.01%
	BGC	D	0.01%
	MODG	D	0.01%
	CTRE	B	0.01%
	RH	F	0.01%
	NWS	B	0.01%
	PBH	D	0.01%
	WS	D	0.01%
	NSA	A	0.01%
	RLI	C	0.01%
	APAM	D	0.01%
	PCH	F	0.01%
	RUN	C	0.01%
	WH	C	0.01%
	PUMP	F	0.01%
	SAH	B	0.01%
	AXL	F	0.01%
	TTMI	A	0.01%
	LITE	B	0.01%
	MAT	F	0.01%
	LOPE	C	0.01%
	SABR	F	0.01%
	EGP	C	0.01%
	VSAT	F	0.01%
	CHX	D	0.01%
	NYT	B	0.01%
	OLLI	A	0.01%
	TRMK	C	0.01%
	EPR	D	0.01%
	HGV	D	0.01%
	MTX	B	0.01%
	ECPG	F	0.01%
	LCII	F	0.01%
	FHI	D	0.01%
	KW	C	0.01%
	OPCH	D	0.01%
	RBC	B	0.01%
	CENTA	D	0.01%
	OTTR	D	0.01%
	SAIA	C	0.01%
	SCSC	C	0.01%
	NEU	D	0.01%
	INDB	F	0.01%
	VBTX	C	0.01%
	WMS	B	0.01%
	DLB	F	0.01%
	BANF	D	0.01%
	AX	C	0.01%
	BYD	D	0.01%
	KLG	F	0.01%
	CRK	C	0.01%
	DIOD	C	0.01%
	FUL	C	0.01%
	HLI	C	0.01%
	GBCI	C	0.01%
	GIII	D	0.01%
	INVA	B	0.01%
	FR	C	0.01%
	PLXS	D	0.01%
	UCBI	D	0.01%
	ITRI	B	0.01%
	HNI	C	0.01%
	MKSI	A	0.01%
	FIX	C	0.01%
	SMG	D	0.01%
	PSMT	D	0.01%
	HI	D	0.01%
	FBP	C	0.01%
	UA	C	0.01%
	SLCA	B	0.01%
	ATGE	B	0.01%
	NMIH	B	0.01%
	AUB	D	0.01%
	UAA	C	0.01%
	GMS	D	0.01%
	FN	A	0.01%
	HOPE	D	0.01%
	AIT	C	0.01%
	PPBI	F	0.01%
	IDA	D	0.01%
	TEX	D	0.01%
	CNM	C	0.01%
	LUMN	F	0.01%
	ACA	B	0.01%
	NWN	F	0.01%
	ABCB	C	0.01%
	DBX	F	0.01%
	LECO	F	0.01%
	XRAY	F	0.01%
	NWBI	D	0.01%
	FCN	D	0.01%
	NVST	F	0.01%
	AYI	D	0.01%
	ANF	B	0.01%
	WEX	F	0.01%
	UVV	F	0.01%
	MAC	D	0.01%
	NAVI	F	0.01%
	SRCL	B	0.01%
	BCO	B	0.01%
	AEO	D	0.01%
	ACHC	D	0.01%
	IIPR	B	0.01%
	OMI	D	0.01%
	ODP	D	0.01%
	VMI	B	0.01%
	VSCO	F	0.01%
	NWE	D	0.01%
	KFY	B	0.01%
	CVBF	D	0.01%
	PMT	C	0.01%
	MCY	D	0.01%
	LSTR	C	0.01%
	SLVM	B	0.01%
	ATR	B	0.01%
	GMED	A	0.01%
	KTB	B	0.01%
	RC	D	0.01%
	LFUS	B	0.01%
	RGLD	D	0.01%
	CHDN	B	0.01%
	ITT	C	0.01%
	SPNT	B	0.01%
	PPC	C	0.01%
	ASGN	D	0.01%
	PARR	F	0.01%
	MOG.A	C	0.01%
	EXEL	D	0.01%
	LPX	B	0.01%
	VGR	C	0.01%
	HTH	D	0.01%
	MHO	C	0.01%
	FRT	D	0.01%
	SLG	A	0.01%
	FULT	C	0.01%
	UMBF	C	0.01%
	LPG	C	0.01%
	RUSHA	D	0.01%
	ARI	D	0.01%
	HOMB	C	0.01%
	JBGS	C	0.01%
	STAG	C	0.01%
	KMPR	C	0.01%
	NJR	D	0.01%
	DCI	D	0.01%
	AVA	D	0.01%
	TALO	D	0.01%
	CRS	C	0.01%
	BANR	B	0.01%
	HUBG	B	0.01%
	GATX	B	0.01%
	VSTS	F	0.01%
	GNL	D	0.01%
	CRUS	A	0.01%
	VICR	C	0.0%
	UHT	B	0.0%
	NPK	D	0.0%
	LNN	C	0.0%
	DDD	D	0.0%
	CHUY	F	0.0%
	CRNC	F	0.0%
	XPEL	F	0.0%
	NARI	C	0.0%
	AGYS	B	0.0%
	VCEL	D	0.0%
	CACC	D	0.0%
	MSEX	D	0.0%
	EXPO	B	0.0%
	CNMD	D	0.0%
	SPWR	D	0.0%
	EMBC	C	0.0%
	OSUR	F	0.0%
	VREX	F	0.0%
	CLB	C	0.0%
	AAON	C	0.0%
	SNCY	F	0.0%
	SITM	C	0.0%
	GOGO	D	0.0%
	LESL	D	0.0%
	LQDT	B	0.0%
	TRUP	C	0.0%
	CEVA	D	0.0%
	HCI	D	0.0%
	TTEC	F	0.0%
	BMI	B	0.0%
	MEI	F	0.0%
	MED	F	0.0%
	ATNI	F	0.0%
	RGP	F	0.0%
	TTGT	B	0.0%
	STAA	D	0.0%
	TGI	C	0.0%
	NXRT	C	0.0%
	OMCL	F	0.0%
	DGII	F	0.0%
	ARWR	D	0.0%
	COHU	C	0.0%
	CMP	F	0.0%
	RGNX	F	0.0%
	GKOS	B	0.0%
	CHCT	D	0.0%
	NFBK	D	0.0%
	PGNY	F	0.0%
	HVT	D	0.0%
	NABL	B	0.0%
	BJRI	C	0.0%
	WOLF	D	0.0%
	CPRX	D	0.0%
	JBSS	D	0.0%
	PCRX	D	0.0%
	EPAC	B	0.0%
	SSTK	D	0.0%
	TNDM	C	0.0%
	CERT	F	0.0%
	MRCY	D	0.0%
	ASTE	F	0.0%
	ADUS	A	0.0%
	MYE	F	0.0%
	PEN	F	0.0%
	AHH	C	0.0%
	ICHR	D	0.0%
	WSR	B	0.0%
	DV	D	0.0%
	IIIN	D	0.0%
	IPAR	F	0.0%
	VVI	C	0.0%
	HSII	B	0.0%
	SXI	D	0.0%
	DIN	D	0.0%
	ELF	B	0.0%
	HRMY	F	0.0%
	CYTK	F	0.0%
	CTS	B	0.0%
	EXTR	C	0.0%
	MXL	D	0.0%
	PRLB	F	0.0%
	CFFN	B	0.0%
	COLL	D	0.0%
	FOXF	C	0.0%
	CARS	C	0.0%
	DRQ	F	0.0%
	CRSR	D	0.0%
	PZZA	F	0.0%
	CCRN	F	0.0%
	CLDT	F	0.0%
	TMP	D	0.0%
	AVNS	D	0.0%
	SHEN	D	0.0%
	MCS	D	0.0%
	KNSL	D	0.0%
	XNCR	F	0.0%
	SLAB	F	0.0%
	WDFC	D	0.0%
	CENT	F	0.0%
	CSGS	F	0.0%
	RGR	F	0.0%
	VIAV	D	0.0%
	TILE	C	0.0%
	AMSF	F	0.0%
	BSIG	D	0.0%
	WING	A	0.0%
	NX	F	0.0%
	AMPH	F	0.0%
	SPSC	C	0.0%
	TNC	D	0.0%
	SJW	F	0.0%
	INN	D	0.0%
	UNIT	F	0.0%
	IRDM	F	0.0%
	CVGW	F	0.0%
	GDEN	D	0.0%
	JACK	F	0.0%
	ASIX	F	0.0%
	WABC	D	0.0%
	HTLD	C	0.0%
	BLKB	D	0.0%
	CRVL	C	0.0%
	ALG	D	0.0%
	ASTH	B	0.0%
	USNA	D	0.0%
	ROIC	C	0.0%
	DXPE	D	0.0%
	YETI	C	0.0%
	MCW	C	0.0%
	SMTC	D	0.0%
	THRY	F	0.0%
	MGPI	F	0.0%
	MD	D	0.0%
	GPRE	F	0.0%
	ALGM	D	0.0%
	DFIN	D	0.0%
	THRM	D	0.0%
	SMP	F	0.0%
	PRGS	F	0.0%
	NUS	F	0.0%
	LNTH	B	0.0%
	PAHC	B	0.0%
	KOP	F	0.0%
	HFWA	D	0.0%
	PLMR	C	0.0%
	SONO	F	0.0%
	QLYS	F	0.0%
	HLIT	C	0.0%
	FBNC	D	0.0%
	SIX	A	0.0%
	WNC	D	0.0%
	ALRM	D	0.0%
	POWI	C	0.0%
	IRWD	F	0.0%
	LIVN	D	0.0%
	OLED	A	0.0%
	RILY	F	0.0%
	SUPN	D	0.0%
	NVEE	F	0.0%
	RCUS	D	0.0%
	HAFC	D	0.0%
	NEO	F	0.0%
	TRST	D	0.0%
	LKFN	D	0.0%
	NTCT	F	0.0%
	REX	D	0.0%
	MATW	F	0.0%
	FLGT	F	0.0%
	JOE	D	0.0%
	PRFT	B	0.0%
	USPH	C	0.0%
	ETD	D	0.0%
	CALX	C	0.0%
	CVLT	A	0.0%
	VECO	A	0.0%
	DBI	F	0.0%
	HAYN	D	0.0%
	PRAA	F	0.0%
	CNSL	C	0.0%
	UTL	D	0.0%
	IART	D	0.0%
	FCF	D	0.0%
	KREF	D	0.0%
	QNST	D	0.0%
	TR	F	0.0%
	CENX	D	0.0%
	PRA	F	0.0%
	EVTC	D	0.0%
	VTOL	C	0.0%
	MMI	D	0.0%
	DVAX	D	0.0%
	AIR	C	0.0%
	RAMP	F	0.0%
	ENV	D	0.0%
	PFBC	C	0.0%
	ZEUS	F	0.0%
	ALEX	C	0.0%
	HWKN	A	0.0%
	BRKL	F	0.0%
	MRTN	D	0.0%
	SHAK	D	0.0%
	AAT	B	0.0%
	TWI	F	0.0%
	MYGN	B	0.0%
	NBHC	B	0.0%
	BFS	B	0.0%
	MTRN	F	0.0%
	MCRI	C	0.0%
	CORT	C	0.0%
	CSR	B	0.0%
	MOV	D	0.0%
	SBSI	D	0.0%
	OXM	D	0.0%
	SAM	C	0.0%
	EYE	F	0.0%
	TBBK	C	0.0%
	LGND	C	0.0%
	VRRM	B	0.0%
	HZO	C	0.0%
	GDOT	D	0.0%
	HXL	D	0.0%

VLU Underweight 110 Positions Relative to URTH

	Symbol	Grade	Weight
	NVO	B	-0.7%
	TM	D	-0.33%
	NVS	B	-0.31%
	UL	A	-0.21%
	MUFG	C	-0.18%
	SONY	D	-0.16%
	FI	C	-0.14%
	SMFG	B	-0.13%
	CRWD	A	-0.13%
	MELI	C	-0.11%
	DEO	F	-0.11%
	CNI	D	-0.1%
	KKR	B	-0.1%
	MRVL	B	-0.09%
	HMC	D	-0.08%
	CRH	D	-0.08%
	WCN	A	-0.07%
	LYG	B	-0.07%
	WDAY	F	-0.07%
	APO	A	-0.07%
	COIN	C	-0.07%
	GEV	A	-0.07%
	PLTR	B	-0.07%
	STLA	F	-0.07%
	MFG	D	-0.07%
	LNG	C	-0.06%
	SNOW	F	-0.06%
	BCS	B	-0.06%
	TTD	A	-0.06%
	FERG	C	-0.06%
	COR	B	-0.06%
	DDOG	C	-0.05%
	DASH	D	-0.05%
	VRT	C	-0.05%
	E	D	-0.05%
	SQ	F	-0.05%
	DELL	B	-0.05%
	ARES	C	-0.04%
	MSTR	C	-0.04%
	TEAM	F	-0.04%
	PINS	A	-0.04%
	SE	A	-0.04%
	GOLD	C	-0.04%
	HUBS	D	-0.04%
	VEEV	F	-0.04%
	STM	C	-0.04%
	FCNCA	D	-0.03%
	RBLX	C	-0.03%
	ZS	C	-0.03%
	AER	B	-0.03%
	COO	C	-0.03%
	TEVA	B	-0.03%
	ALNY	C	-0.03%
	NMR	C	-0.03%
	MKL	B	-0.03%
	ENTG	B	-0.03%
	LPLA	A	-0.03%
	BAH	B	-0.03%
	GIB	D	-0.03%
	NET	C	-0.03%
	TW	C	-0.02%
	BSY	C	-0.02%
	RPRX	F	-0.02%
	CYBR	B	-0.02%
	HOOD	C	-0.02%
	HEI	A	-0.02%
	FWONK	B	-0.02%
	TPL	B	-0.02%
	TRU	D	-0.02%
	RVTY	C	-0.02%
	SSNC	C	-0.02%
	GEN	B	-0.02%
	APP	B	-0.02%
	CCEP	B	-0.02%
	OKTA	D	-0.02%
	SUI	D	-0.02%
	ZM	F	-0.02%
	BMRN	C	-0.02%
	AVTR	D	-0.02%
	DKNG	C	-0.02%
	CHKP	B	-0.02%
	LOGI	B	-0.02%
	MDB	F	-0.02%
	SNAP	B	-0.02%
	LH	C	-0.02%
	FUTU	C	-0.01%
	CFLT	D	-0.01%
	U	F	-0.01%
	UHAL	D	-0.01%
	IOT	F	-0.01%
	PATH	F	-0.01%
	AZPN	D	-0.01%
	GRAB	C	-0.01%
	ROKU	F	-0.01%
	Z	B	-0.01%
	EXAS	F	-0.01%
	TS	D	-0.01%
	RIVN	C	-0.01%
	ACI	F	-0.01%
	TOST	C	-0.01%
	MNDY	B	-0.01%
	NLY	B	-0.01%
	WIX	C	-0.01%
	FBIN	D	-0.01%
	TWLO	F	-0.01%
	HEI	A	-0.01%
	CNH	D	-0.01%
	DOCU	D	-0.01%
	DOOO	D	-0.0%
	GLBE	F	-0.0%

VLU: Top Represented Industries & Keywords

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

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

URTH: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Semiconductors Utilities - Regulated Electric Business Services Diagnostics & Research Software - Infrastructure Asset Management Capital Markets Oil & Gas E&P Biotechnology Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Information Technology Services Insurance - Property & Casualty Internet Content & Information

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