VLU vs. VFMF ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Vanguard U.S. Multifactor ETF (VFMF)

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

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$137.90

Average Daily Volume

9,517

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	VLU	VFMF
30 Days	3.51%	4.74%
60 Days	5.34%	6.50%
90 Days	6.98%	6.64%
12 Months	30.34%	32.18%

352 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in VFMF	Overlap
	ABBV	F	0.37%	0.93%	0.37%
	ABCB	B	0.02%	0.14%	0.02%
	AEO	F	0.01%	0.17%	0.01%
	AFL	B	0.21%	1.08%	0.21%
	AGO	B	0.02%	0.17%	0.02%
	AHCO	F	0.01%	0.19%	0.01%
	AIG	B	0.24%	1.02%	0.24%
	AIT	B	0.02%	0.17%	0.02%
	ALKS	C	0.01%	0.17%	0.01%
	AMAT	F	0.1%	0.78%	0.1%
	AMG	B	0.02%	0.32%	0.02%
	AMKR	D	0.02%	0.2%	0.02%
	AMP	A	0.12%	0.17%	0.12%
	AMR	C	0.01%	0.11%	0.01%
	AMWD	C	0.01%	0.2%	0.01%
	AMZN	C	2.04%	0.06%	0.06%
	AN	C	0.04%	0.14%	0.04%
	ANDE	D	0.01%	0.34%	0.01%
	ANET	C	0.07%	0.5%	0.07%
	APOG	C	0.01%	0.09%	0.01%
	ARCB	C	0.01%	0.08%	0.01%
	ARW	D	0.05%	0.09%	0.05%
	ASB	B	0.03%	0.16%	0.03%
	ASO	F	0.01%	0.24%	0.01%
	ATGE	B	0.01%	0.19%	0.01%
	AX	B	0.02%	0.2%	0.02%
	AXP	A	0.35%	0.82%	0.35%
	AYI	B	0.02%	0.26%	0.02%
	AZO	C	0.06%	0.43%	0.06%
	AZZ	A	0.01%	0.1%	0.01%
	BAC	A	1.57%	0.16%	0.16%
	BBY	D	0.16%	0.05%	0.05%
	BCC	B	0.02%	0.52%	0.02%
	BERY	C	0.04%	0.03%	0.03%
	BG	D	0.11%	0.16%	0.11%
	BHLB	B	0.01%	0.12%	0.01%
	BJ	A	0.03%	0.05%	0.03%
	BK	A	0.29%	0.98%	0.29%
	BKE	B	0.01%	0.05%	0.01%
	BKNG	A	0.12%	0.52%	0.12%
	BKU	A	0.03%	0.04%	0.03%
	BLD	D	0.01%	0.19%	0.01%
	BLDR	D	0.05%	0.12%	0.05%
	BSIG	A	0.0%	0.03%	0.0%
	BTU	B	0.03%	0.05%	0.03%
	BWA	D	0.07%	0.06%	0.06%
	BYD	B	0.02%	0.03%	0.02%
	C	A	1.13%	0.06%	0.06%
	CACI	D	0.03%	0.07%	0.03%
	CAH	B	0.25%	0.53%	0.25%
	CAL	F	0.0%	0.2%	0.0%
	CALM	A	0.03%	0.28%	0.03%
	CASH	B	0.01%	0.3%	0.01%
	CASY	A	0.03%	0.05%	0.03%
	CAT	B	0.24%	0.48%	0.24%
	CATY	B	0.03%	0.06%	0.03%
	CBOE	C	0.03%	0.34%	0.03%
	CBSH	B	0.02%	0.34%	0.02%
	CBT	D	0.02%	0.05%	0.02%
	CBU	B	0.01%	0.12%	0.01%
	CEIX	A	0.03%	0.11%	0.03%
	CENTA	C	0.01%	0.06%	0.01%
	CF	A	0.06%	0.16%	0.06%
	CFG	B	0.18%	0.57%	0.18%
	CG	B	0.02%	0.07%	0.02%
	CHCO	B	0.01%	0.15%	0.01%
	CHRD	D	0.07%	0.15%	0.07%
	CI	D	0.34%	0.5%	0.34%
	CIVI	D	0.04%	0.06%	0.04%
	CL	D	0.09%	0.46%	0.09%
	CMC	B	0.03%	0.14%	0.03%
	CNM	D	0.01%	0.07%	0.01%
	CNO	B	0.04%	0.4%	0.04%
	CNX	A	0.05%	0.11%	0.05%
	CNXN	C	0.01%	0.14%	0.01%
	COKE	C	0.03%	0.18%	0.03%
	COLL	F	0.0%	0.46%	0.0%
	COOP	B	0.05%	0.17%	0.05%
	COP	C	0.41%	0.22%	0.22%
	COR	B	0.36%	0.17%	0.17%
	COST	A	0.28%	0.52%	0.28%
	CPAY	A	0.04%	0.23%	0.04%
	CPF	B	0.01%	0.31%	0.01%
	CPRX	C	0.0%	0.12%	0.0%
	CR	A	0.03%	0.16%	0.03%
	CRC	A	0.02%	0.15%	0.02%
	CRM	B	0.27%	0.19%	0.19%
	CROX	D	0.01%	0.2%	0.01%
	CRS	B	0.02%	0.05%	0.02%
	CRUS	D	0.01%	0.06%	0.01%
	CRVL	B	0.0%	0.09%	0.0%
	CSL	C	0.03%	0.07%	0.03%
	CTAS	B	0.04%	0.07%	0.04%
	CTRA	B	0.06%	0.17%	0.06%
	CTS	C	0.0%	0.04%	0.0%
	CTSH	B	0.11%	0.12%	0.11%
	CVCO	A	0.01%	0.2%	0.01%
	CVLT	B	0.01%	0.14%	0.01%
	CVX	A	1.36%	0.33%	0.33%
	DECK	A	0.02%	0.16%	0.02%
	DHI	F	0.1%	0.26%	0.1%
	DKS	D	0.03%	0.15%	0.03%
	DLX	B	0.01%	0.17%	0.01%
	DNOW	B	0.01%	0.12%	0.01%
	DVA	C	0.06%	0.16%	0.06%
	DXPE	C	0.0%	0.09%	0.0%
	EAT	A	0.02%	0.26%	0.02%
	EBAY	D	0.08%	0.07%	0.07%
	EIG	B	0.01%	0.34%	0.01%
	EME	A	0.03%	0.22%	0.03%
	ENS	F	0.01%	0.14%	0.01%
	EOG	A	0.24%	0.51%	0.24%
	EPAC	C	0.0%	0.03%	0.0%
	EPC	F	0.01%	0.07%	0.01%
	EQH	C	0.07%	0.2%	0.07%
	ESAB	C	0.01%	0.15%	0.01%
	ETD	C	0.0%	0.14%	0.0%
	EWBC	A	0.05%	0.59%	0.05%
	EXP	B	0.01%	0.11%	0.01%
	EXPE	B	0.05%	0.13%	0.05%
	FANG	C	0.1%	0.6%	0.1%
	FBP	C	0.01%	0.5%	0.01%
	FCF	B	0.01%	0.25%	0.01%
	FCX	F	0.08%	0.26%	0.08%
	FDP	B	0.01%	0.08%	0.01%
	FDX	B	0.25%	0.54%	0.25%
	FFIV	B	0.02%	0.02%	0.02%
	FI	A	0.16%	0.51%	0.16%
	FITB	B	0.12%	0.39%	0.12%
	FIX	A	0.01%	0.16%	0.01%
	FLO	D	0.02%	0.06%	0.02%
	FN	C	0.01%	0.06%	0.01%
	FNF	B	0.08%	0.23%	0.08%
	GAP	C	0.04%	0.08%	0.04%
	GEO	B	0.03%	0.04%	0.03%
	GFF	A	0.01%	0.29%	0.01%
	GIII	D	0.01%	0.3%	0.01%
	GILD	C	0.35%	0.43%	0.35%
	GM	C	0.55%	0.44%	0.44%
	GMS	B	0.01%	0.2%	0.01%
	GNW	A	0.03%	0.21%	0.03%
	GOOG	C	1.15%	0.9%	0.9%
	GOOGL	C	0.72%	0.5%	0.5%
	GPC	D	0.05%	0.1%	0.05%
	GPI	B	0.05%	0.03%	0.03%
	GPK	C	0.03%	0.03%	0.03%
	GRBK	D	0.01%	0.1%	0.01%
	HAFC	B	0.01%	0.13%	0.01%
	HALO	F	0.01%	0.11%	0.01%
	HBI	B	0.03%	0.13%	0.03%
	HCA	F	0.18%	0.82%	0.18%
	HCC	B	0.03%	0.13%	0.03%
	HFWA	C	0.01%	0.03%	0.01%
	HIG	B	0.13%	0.7%	0.13%
	HNI	B	0.01%	0.06%	0.01%
	HP	C	0.03%	0.18%	0.03%
	HPE	B	0.23%	0.04%	0.04%
	HPQ	B	0.31%	0.19%	0.19%
	HRB	D	0.02%	0.45%	0.02%
	HSII	B	0.0%	0.04%	0.0%
	HWC	B	0.03%	0.12%	0.03%
	HWKN	B	0.01%	0.19%	0.01%
	IBM	C	0.41%	0.61%	0.41%
	IBOC	B	0.02%	0.34%	0.02%
	IDCC	B	0.01%	0.07%	0.01%
	INDB	B	0.02%	0.09%	0.02%
	INGR	C	0.03%	0.35%	0.03%
	ITRI	C	0.01%	0.1%	0.01%
	JBL	C	0.05%	0.24%	0.05%
	JEF	A	0.06%	0.19%	0.06%
	JNJ	C	0.78%	0.38%	0.38%
	JPM	A	1.53%	0.72%	0.72%
	JWN	D	0.02%	0.07%	0.02%
	JXN	C	0.07%	0.1%	0.07%
	KBH	D	0.02%	0.16%	0.02%
	KD	B	0.03%	0.16%	0.03%
	KELYA	F	0.01%	0.36%	0.01%
	KEX	B	0.02%	0.16%	0.02%
	KLAC	F	0.04%	0.52%	0.04%
	KMB	C	0.1%	0.59%	0.1%
	KMT	B	0.01%	0.03%	0.01%
	KR	B	0.33%	0.73%	0.33%
	KTB	B	0.02%	0.15%	0.02%
	LBRT	D	0.01%	0.05%	0.01%
	LDOS	C	0.05%	0.15%	0.05%
	LEN	D	0.13%	0.07%	0.07%
	LEN	D	0.13%	0.19%	0.13%
	LMT	D	0.32%	0.64%	0.32%
	LNTH	D	0.01%	0.14%	0.01%
	LOPE	C	0.01%	0.06%	0.01%
	LPG	F	0.01%	0.11%	0.01%
	LPX	B	0.02%	0.21%	0.02%
	LQDT	B	0.0%	0.05%	0.0%
	LRN	A	0.01%	0.1%	0.01%
	LYB	F	0.18%	0.1%	0.1%
	LZB	B	0.01%	0.07%	0.01%
	M	F	0.04%	0.22%	0.04%
	MAN	F	0.03%	0.02%	0.02%
	MATX	C	0.02%	0.11%	0.02%
	MCK	A	0.39%	0.71%	0.39%
	MCRI	A	0.01%	0.04%	0.01%
	MCY	A	0.02%	0.14%	0.02%
	MD	C	0.01%	0.05%	0.01%
	MEDP	D	0.01%	0.15%	0.01%
	MET	A	0.42%	0.05%	0.05%
	META	D	1.68%	0.82%	0.82%
	MGY	A	0.02%	0.04%	0.02%
	MHK	D	0.06%	0.22%	0.06%
	MHO	D	0.02%	0.25%	0.02%
	MLI	B	0.03%	0.71%	0.03%
	MLKN	F	0.01%	0.23%	0.01%
	MMM	D	0.27%	0.9%	0.27%
	MO	A	0.36%	0.78%	0.36%
	MOG.A	B	0.02%	0.09%	0.02%
	MPC	D	0.45%	0.83%	0.45%
	MPWR	F	0.01%	0.1%	0.01%
	MRK	D	0.3%	0.46%	0.3%
	MTDR	B	0.03%	0.08%	0.03%
	MTG	C	0.03%	0.71%	0.03%
	MTH	D	0.02%	0.07%	0.02%
	MTUS	C	0.0%	0.07%	0.0%
	MUR	D	0.04%	0.13%	0.04%
	MUSA	B	0.04%	0.14%	0.04%
	NAVI	F	0.01%	0.09%	0.01%
	NHC	C	0.01%	0.06%	0.01%
	NMIH	C	0.01%	0.31%	0.01%
	NOG	B	0.04%	0.05%	0.04%
	NSIT	F	0.02%	0.24%	0.02%
	NTAP	C	0.04%	0.17%	0.04%
	NUE	C	0.11%	0.13%	0.11%
	NVDA	B	0.36%	0.63%	0.36%
	NVR	D	0.06%	0.18%	0.06%
	NWS	A	0.01%	0.36%	0.01%
	NX	C	0.0%	0.05%	0.0%
	NXST	C	0.03%	0.04%	0.03%
	OC	A	0.05%	0.44%	0.05%
	OFG	B	0.01%	0.64%	0.01%
	OGN	F	0.03%	0.12%	0.03%
	OMI	F	0.01%	0.16%	0.01%
	ORI	A	0.04%	0.45%	0.04%
	OVV	B	0.1%	0.07%	0.07%
	OXM	F	0.0%	0.09%	0.0%
	PATK	C	0.01%	0.18%	0.01%
	PCAR	B	0.12%	0.13%	0.12%
	PFBC	B	0.01%	0.25%	0.01%
	PFG	D	0.16%	0.06%	0.06%
	PFGC	B	0.11%	0.15%	0.11%
	PGR	A	0.18%	0.2%	0.18%
	PH	A	0.1%	0.11%	0.1%
	PHIN	A	0.01%	0.24%	0.01%
	PHM	D	0.06%	0.72%	0.06%
	PINC	B	0.01%	0.18%	0.01%
	PKG	A	0.05%	0.19%	0.05%
	PLAB	C	0.01%	0.17%	0.01%
	PLUS	F	0.01%	0.18%	0.01%
	PM	B	0.56%	0.81%	0.56%
	PPC	C	0.02%	0.2%	0.02%
	PR	B	0.03%	0.16%	0.03%
	PRDO	B	0.01%	0.34%	0.01%
	PRI	B	0.02%	0.28%	0.02%
	PRK	B	0.01%	0.05%	0.01%
	PRLB	B	0.0%	0.03%	0.0%
	PSMT	D	0.01%	0.08%	0.01%
	PSTG	D	0.01%	0.12%	0.01%
	PSX	C	0.47%	0.27%	0.27%
	PUMP	C	0.01%	0.14%	0.01%
	PVH	C	0.02%	0.39%	0.02%
	PYPL	B	0.18%	0.15%	0.15%
	QCOM	F	0.22%	0.82%	0.22%
	R	B	0.06%	0.16%	0.06%
	RCL	A	0.08%	0.12%	0.08%
	RDN	D	0.03%	0.21%	0.03%
	RES	D	0.01%	0.07%	0.01%
	REX	D	0.0%	0.11%	0.0%
	RL	C	0.03%	0.19%	0.03%
	RMD	C	0.02%	0.15%	0.02%
	RNR	C	0.05%	0.06%	0.05%
	ROCK	C	0.0%	0.12%	0.0%
	RRC	B	0.03%	0.03%	0.03%
	RS	B	0.05%	0.11%	0.05%
	RTX	D	0.44%	0.36%	0.36%
	SANM	B	0.04%	0.1%	0.04%
	SBSI	C	0.01%	0.11%	0.01%
	SCHL	F	0.01%	0.11%	0.01%
	SCSC	C	0.01%	0.15%	0.01%
	SCVL	F	0.01%	0.05%	0.01%
	SFM	A	0.03%	0.16%	0.03%
	SFNC	C	0.03%	0.08%	0.03%
	SHOO	F	0.01%	0.04%	0.01%
	SIG	B	0.02%	0.3%	0.02%
	SKX	D	0.02%	0.26%	0.02%
	SKYW	C	0.02%	0.17%	0.02%
	SLM	A	0.02%	0.41%	0.02%
	SLVM	B	0.01%	0.15%	0.01%
	SM	B	0.02%	0.13%	0.02%
	SNA	A	0.04%	0.15%	0.04%
	SPTN	D	0.01%	0.11%	0.01%
	SSD	F	0.01%	0.12%	0.01%
	STBA	B	0.01%	0.16%	0.01%
	STLD	B	0.08%	0.18%	0.08%
	STRA	C	0.01%	0.03%	0.01%
	STT	B	0.14%	0.23%	0.14%
	SUPN	C	0.0%	0.05%	0.0%
	SWKS	F	0.04%	0.09%	0.04%
	SXC	A	0.01%	0.16%	0.01%
	SXI	B	0.0%	0.04%	0.0%
	SYF	B	0.22%	0.71%	0.22%
	T	A	1.4%	0.77%	0.77%
	TBBK	B	0.01%	0.16%	0.01%
	TCBI	C	0.02%	0.05%	0.02%
	TEX	F	0.01%	0.18%	0.01%
	TGT	F	0.22%	0.65%	0.22%
	THC	D	0.06%	0.2%	0.06%
	THO	B	0.03%	0.21%	0.03%
	TILE	B	0.0%	0.18%	0.0%
	TJX	A	0.16%	0.42%	0.16%
	TMHC	C	0.04%	0.18%	0.04%
	TMUS	B	0.43%	0.75%	0.43%
	TNC	D	0.0%	0.04%	0.0%
	TNL	A	0.02%	0.15%	0.02%
	TOL	B	0.05%	0.25%	0.05%
	TPH	D	0.02%	0.13%	0.02%
	TPR	B	0.04%	0.14%	0.04%
	TT	A	0.08%	0.44%	0.08%
	UA	C	0.01%	0.12%	0.01%
	UFPI	C	0.02%	0.37%	0.02%
	UFPT	C	0.0%	0.05%	0.0%
	UHS	D	0.05%	0.1%	0.05%
	UNM	A	0.11%	0.28%	0.11%
	UPBD	B	0.01%	0.08%	0.01%
	URBN	C	0.02%	0.12%	0.02%
	URI	C	0.07%	0.17%	0.07%
	UTHR	C	0.04%	0.37%	0.04%
	VFC	C	0.06%	0.07%	0.06%
	VLO	C	0.38%	0.85%	0.38%
	VNT	C	0.01%	0.13%	0.01%
	VTRS	A	0.13%	0.04%	0.04%
	VZ	C	1.5%	0.52%	0.52%
	WABC	B	0.0%	0.14%	0.0%
	WCC	B	0.04%	0.12%	0.04%
	WEX	D	0.01%	0.04%	0.01%
	WFC	A	1.25%	1.25%	1.25%
	WFRD	D	0.02%	0.22%	0.02%
	WGO	C	0.01%	0.04%	0.01%
	WMS	F	0.01%	0.07%	0.01%
	WMT	A	1.82%	0.78%	0.78%
	WNC	C	0.0%	0.03%	0.0%
	WRB	A	0.05%	0.33%	0.05%
	WSFS	B	0.01%	0.24%	0.01%
	WSM	C	0.02%	0.28%	0.02%
	WU	F	0.03%	0.06%	0.03%
	XOM	B	1.99%	0.47%	0.47%

VLU Overweight 1068 Positions Relative to VFMF

	Symbol	Grade	Weight
	BRK.A	B	2.43%
	AAPL	C	2.4%
	MSFT	D	1.41%
	UNH	B	1.15%
	PFE	F	0.7%
	MS	A	0.63%
	CMCSA	B	0.62%
	TSLA	B	0.62%
	COF	C	0.61%
	GS	A	0.59%
	CVS	D	0.58%
	TFC	A	0.54%
	HD	B	0.52%
	CSCO	B	0.51%
	PG	C	0.48%
	ORCL	A	0.45%
	V	A	0.45%
	KMI	A	0.45%
	AVGO	D	0.42%
	PNC	B	0.41%
	USB	A	0.39%
	PRU	A	0.39%
	F	C	0.37%
	UPS	C	0.37%
	KO	D	0.36%
	DAL	B	0.35%
	BMY	B	0.35%
	CB	C	0.34%
	NEE	C	0.34%
	INTC	C	0.33%
	DUK	C	0.33%
	CHTR	C	0.33%
	PEP	F	0.33%
	MDT	D	0.32%
	DIS	B	0.32%
	ACN	B	0.31%
	SO	C	0.3%
	ELV	F	0.29%
	GE	D	0.27%
	UAL	A	0.26%
	CNC	D	0.26%
	SCHW	B	0.26%
	ABT	B	0.25%
	KHC	F	0.24%
	TXN	C	0.24%
	D	C	0.24%
	HON	C	0.23%
	KVUE	A	0.23%
	AMGN	F	0.23%
	LOW	C	0.23%
	DE	B	0.22%
	SW	A	0.22%
	UNP	C	0.22%
	ADM	D	0.22%
	BLK	B	0.22%
	CCL	A	0.21%
	GD	D	0.21%
	LLY	F	0.19%
	LIN	C	0.19%
	NFLX	A	0.19%
	WMB	A	0.19%
	EXC	C	0.19%
	MTB	A	0.18%
	MDLZ	F	0.18%
	SRE	A	0.18%
	TRV	B	0.18%
	HUM	C	0.17%
	LUV	C	0.17%
	OXY	D	0.17%
	ADBE	C	0.17%
	DD	C	0.17%
	IP	A	0.17%
	WBD	B	0.17%
	TSN	B	0.16%
	BA	F	0.16%
	EMR	B	0.16%
	ETR	B	0.16%
	JCI	B	0.16%
	ALL	A	0.16%
	AEP	C	0.16%
	DFS	B	0.16%
	NOC	D	0.15%
	XEL	A	0.15%
	APD	A	0.15%
	MCD	D	0.15%
	DOW	F	0.15%
	KEY	B	0.15%
	CMI	A	0.14%
	PEG	A	0.14%
	OKE	A	0.14%
	BX	A	0.14%
	SBUX	A	0.14%
	TMO	F	0.14%
	PCG	A	0.13%
	EQT	B	0.13%
	AMT	C	0.13%
	HBAN	A	0.13%
	MU	D	0.13%
	L	A	0.13%
	RGA	A	0.13%
	NEM	D	0.13%
	PLD	F	0.13%
	SLB	C	0.13%
	MA	B	0.13%
	SYY	D	0.12%
	MMC	B	0.12%
	ACGL	C	0.12%
	AMD	F	0.12%
	NKE	F	0.12%
	SPGI	C	0.12%
	BKR	A	0.12%
	RF	A	0.12%
	DVN	F	0.12%
	WELL	A	0.12%
	NSC	B	0.12%
	ETN	A	0.12%
	ED	C	0.12%
	ADI	D	0.12%
	FIS	C	0.11%
	DHR	F	0.11%
	O	C	0.11%
	ICE	C	0.11%
	VST	A	0.11%
	BSX	A	0.11%
	KDP	F	0.11%
	WEC	A	0.1%
	WM	B	0.1%
	CCI	C	0.1%
	LHX	C	0.1%
	REGN	F	0.1%
	EIX	B	0.1%
	GIS	D	0.1%
	GLW	B	0.1%
	ISRG	A	0.1%
	VRTX	D	0.1%
	CME	B	0.1%
	CSX	C	0.1%
	AFG	A	0.09%
	LAD	A	0.09%
	ADP	A	0.09%
	FOXA	A	0.09%
	RSG	A	0.09%
	AEE	A	0.09%
	MAR	A	0.09%
	TRGP	A	0.09%
	VICI	C	0.09%
	DTE	C	0.09%
	PPL	A	0.09%
	ITW	B	0.09%
	SYK	B	0.09%
	TAP	C	0.09%
	SNX	D	0.08%
	ORLY	B	0.08%
	CNP	A	0.08%
	CMA	B	0.08%
	LUMN	C	0.08%
	USFD	A	0.08%
	EQR	C	0.08%
	CARR	C	0.08%
	EG	C	0.08%
	K	A	0.08%
	AAL	B	0.08%
	CTVA	C	0.08%
	NTRS	A	0.08%
	MRO	B	0.08%
	BDX	F	0.08%
	VTR	B	0.08%
	ALLY	C	0.08%
	CBRE	B	0.08%
	ES	C	0.08%
	UBER	F	0.08%
	FE	C	0.07%
	LVS	B	0.07%
	GRMN	B	0.07%
	WTW	B	0.07%
	PSA	C	0.07%
	NXPI	D	0.07%
	IVZ	B	0.07%
	LRCX	F	0.07%
	ATO	A	0.07%
	X	B	0.07%
	NDAQ	A	0.07%
	PANW	B	0.07%
	AVB	B	0.07%
	AON	A	0.07%
	CINF	A	0.07%
	HRL	D	0.07%
	EVRG	A	0.07%
	BIIB	F	0.07%
	MOS	F	0.07%
	HAL	C	0.07%
	EQIX	A	0.07%
	TROW	B	0.07%
	ZION	B	0.07%
	AJG	A	0.06%
	PARA	C	0.06%
	BEN	C	0.06%
	BXP	C	0.06%
	FHN	A	0.06%
	GWW	B	0.06%
	LH	B	0.06%
	CMS	C	0.06%
	ROST	D	0.06%
	ALK	B	0.06%
	VNO	C	0.06%
	PAYX	B	0.06%
	OMC	C	0.06%
	IBKR	A	0.06%
	DINO	D	0.06%
	PPG	F	0.06%
	HES	B	0.06%
	INTU	B	0.06%
	NI	A	0.06%
	ABNB	C	0.06%
	SHW	B	0.06%
	APH	A	0.06%
	SPG	A	0.06%
	CAG	F	0.06%
	GPN	B	0.06%
	RJF	A	0.06%
	WY	F	0.06%
	CHRW	B	0.06%
	NOW	A	0.06%
	ALB	B	0.05%
	LYV	A	0.05%
	WPC	C	0.05%
	KMX	B	0.05%
	APTV	F	0.05%
	JLL	D	0.05%
	DOC	C	0.05%
	LEA	F	0.05%
	DG	F	0.05%
	ARE	F	0.05%
	IFF	D	0.05%
	FOX	A	0.05%
	EA	A	0.05%
	ARMK	B	0.05%
	STZ	D	0.05%
	SWK	D	0.05%
	ZBH	C	0.05%
	JHG	B	0.05%
	BAX	F	0.05%
	ROP	B	0.05%
	LNC	C	0.05%
	PNW	A	0.05%
	GEN	B	0.05%
	WBA	F	0.05%
	WHR	B	0.05%
	MNST	C	0.05%
	STWD	C	0.05%
	HSY	F	0.05%
	NRG	B	0.05%
	DGX	A	0.05%
	AWK	C	0.05%
	COLB	B	0.05%
	AMCR	C	0.05%
	J	D	0.04%
	DOV	A	0.04%
	XPO	B	0.04%
	OGS	A	0.04%
	BRO	B	0.04%
	CPT	B	0.04%
	KIM	A	0.04%
	TXT	D	0.04%
	EW	C	0.04%
	SF	B	0.04%
	BKH	A	0.04%
	OHI	C	0.04%
	EXPD	C	0.04%
	DLTR	F	0.04%
	MOH	F	0.04%
	AME	A	0.04%
	GL	C	0.04%
	AES	F	0.04%
	REG	A	0.04%
	HST	C	0.04%
	FYBR	C	0.04%
	KRC	B	0.04%
	TKO	A	0.04%
	CEG	C	0.04%
	MKC	C	0.04%
	WSO	A	0.04%
	HWM	A	0.04%
	VLY	B	0.04%
	MCHP	F	0.04%
	APA	D	0.04%
	PWR	A	0.04%
	ROK	C	0.04%
	FAST	B	0.04%
	BALL	F	0.04%
	MAA	B	0.04%
	SNV	C	0.04%
	AA	A	0.04%
	GLPI	C	0.04%
	INVH	D	0.04%
	DLR	B	0.04%
	MCO	B	0.04%
	AVT	C	0.04%
	VOYA	B	0.04%
	ON	D	0.04%
	WBS	A	0.04%
	CPB	D	0.04%
	LNT	A	0.04%
	ROIV	C	0.04%
	CMG	B	0.04%
	IQV	F	0.04%
	AR	B	0.04%
	SJM	D	0.04%
	ESS	B	0.04%
	IRM	C	0.04%
	AIZ	A	0.04%
	WDC	D	0.04%
	AL	B	0.04%
	MGM	D	0.04%
	UGI	C	0.04%
	OZK	B	0.04%
	ECL	D	0.04%
	STX	C	0.04%
	ZTS	D	0.04%
	SNPS	B	0.04%
	EXR	C	0.04%
	DRI	B	0.04%
	WAB	B	0.04%
	FTNT	C	0.04%
	EMN	C	0.04%
	MSI	B	0.04%
	ABG	C	0.04%
	CLH	C	0.03%
	TGNA	B	0.03%
	SSB	B	0.03%
	HAS	D	0.03%
	FMC	D	0.03%
	INCY	C	0.03%
	LAMR	C	0.03%
	DAR	C	0.03%
	ARCH	B	0.03%
	CADE	B	0.03%
	JNPR	D	0.03%
	MAS	D	0.03%
	PK	C	0.03%
	TRN	B	0.03%
	BURL	B	0.03%
	ILMN	C	0.03%
	FSLR	F	0.03%
	ULTA	F	0.03%
	BXMT	C	0.03%
	CUZ	B	0.03%
	TDS	B	0.03%
	PENN	C	0.03%
	AKAM	D	0.03%
	POST	C	0.03%
	PAG	B	0.03%
	WAFD	B	0.03%
	WTFC	A	0.03%
	HSIC	C	0.03%
	WTRG	B	0.03%
	BRX	A	0.03%
	DTM	A	0.03%
	FLR	B	0.03%
	GEHC	D	0.03%
	NFG	A	0.03%
	BHF	C	0.03%
	HUBB	B	0.03%
	APLE	B	0.03%
	CWK	C	0.03%
	PBF	D	0.03%
	CDW	F	0.03%
	AGCO	D	0.03%
	CNK	C	0.03%
	UDR	B	0.03%
	FNB	A	0.03%
	ABM	B	0.03%
	CFR	B	0.03%
	PNFP	B	0.03%
	GHC	B	0.03%
	ODFL	C	0.03%
	IT	C	0.03%
	DEI	B	0.03%
	CHD	A	0.03%
	OGE	A	0.03%
	NWSA	A	0.03%
	PB	B	0.03%
	ACM	B	0.03%
	MTZ	B	0.03%
	COHR	B	0.03%
	MLM	C	0.03%
	GDDY	A	0.03%
	EL	F	0.03%
	HIW	C	0.03%
	CLX	A	0.03%
	NWL	C	0.03%
	FTV	C	0.03%
	LULU	C	0.03%
	VMC	B	0.03%
	YUM	D	0.03%
	LKQ	F	0.03%
	A	D	0.03%
	JBHT	C	0.03%
	KEYS	A	0.03%
	GME	C	0.03%
	DXC	B	0.03%
	TDY	B	0.03%
	ONB	C	0.03%
	IPG	D	0.03%
	FAF	A	0.03%
	CCK	D	0.03%
	KNX	C	0.03%
	TSCO	D	0.03%
	ADSK	A	0.03%
	WLK	D	0.03%
	CPRT	B	0.03%
	NCLH	B	0.03%
	OTIS	C	0.03%
	GMED	A	0.02%
	ITT	A	0.02%
	EPAM	B	0.02%
	VVV	D	0.02%
	HUBG	A	0.02%
	CNXC	F	0.02%
	ADNT	F	0.02%
	MAC	B	0.02%
	VMI	B	0.02%
	VSTS	C	0.02%
	MRNA	F	0.02%
	GATX	A	0.02%
	ERIE	D	0.02%
	ATI	C	0.02%
	PLXS	B	0.02%
	VLTO	C	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%
	LITE	B	0.02%
	FICO	B	0.02%
	MSM	C	0.02%
	TXRH	B	0.02%
	EFX	F	0.02%
	KRG	B	0.02%
	SIGI	C	0.02%
	POR	C	0.02%
	NDSN	B	0.02%
	GEF	A	0.02%
	AXTA	B	0.02%
	SEIC	B	0.02%
	CVBF	A	0.02%
	NWE	B	0.02%
	NATL	B	0.02%
	FLS	B	0.02%
	NVT	B	0.02%
	KSS	F	0.02%
	RRX	B	0.02%
	WWD	C	0.02%
	OI	C	0.02%
	FULT	A	0.02%
	MTD	F	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%
	SBAC	D	0.02%
	SR	A	0.02%
	ALE	A	0.02%
	CAR	C	0.02%
	AXON	A	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%
	IDA	A	0.02%
	OLN	F	0.02%
	PTC	B	0.02%
	REZI	A	0.02%
	AUB	B	0.02%
	WYNN	C	0.02%
	WAT	C	0.02%
	AAP	D	0.02%
	BANC	B	0.02%
	IDXX	F	0.02%
	SWX	B	0.02%
	CWEN	C	0.02%
	AM	A	0.02%
	HOG	D	0.02%
	TYL	B	0.02%
	GXO	B	0.02%
	FBIN	D	0.02%
	PNM	B	0.02%
	UMBF	B	0.02%
	AVNT	B	0.02%
	GBX	A	0.02%
	TTWO	A	0.02%
	RNST	B	0.02%
	BBWI	C	0.02%
	GBCI	B	0.02%
	HLT	A	0.02%
	CIEN	C	0.02%
	AVY	F	0.02%
	CLF	F	0.02%
	RVTY	F	0.02%
	CW	C	0.02%
	EHC	B	0.02%
	BANF	B	0.02%
	SBRA	C	0.02%
	FHB	B	0.02%
	JBLU	F	0.02%
	IBTX	B	0.02%
	ADC	A	0.02%
	H	B	0.02%
	HII	F	0.02%
	EVR	B	0.02%
	SLGN	A	0.02%
	HOMB	A	0.02%
	STE	D	0.02%
	RHI	C	0.02%
	BANR	B	0.02%
	VRSN	C	0.02%
	GNRC	C	0.02%
	SEM	B	0.02%
	ALGN	D	0.02%
	THG	A	0.02%
	RPM	A	0.02%
	OSK	C	0.02%
	PNR	A	0.02%
	TRMB	B	0.02%
	IR	B	0.02%
	CXW	C	0.02%
	CUBE	C	0.02%
	ALV	C	0.02%
	G	B	0.02%
	BR	A	0.02%
	ABR	C	0.02%
	SATS	D	0.02%
	NOV	C	0.02%
	PFS	B	0.02%
	CSGP	D	0.02%
	TDG	D	0.02%
	HOLX	D	0.02%
	ENVA	B	0.02%
	FFBC	B	0.02%
	ZBRA	B	0.02%
	SNEX	B	0.02%
	NNN	C	0.02%
	XYL	D	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%
	ANSS	B	0.02%
	BFH	C	0.02%
	CE	F	0.02%
	CZR	F	0.02%
	CDNS	B	0.02%
	AMH	C	0.02%
	GDOT	D	0.01%
	TRST	B	0.01%
	HTZ	C	0.01%
	CHE	D	0.01%
	PRA	C	0.01%
	AVNS	F	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%
	VRTS	B	0.01%
	SMCI	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%
	RGEN	D	0.01%
	EFC	C	0.01%
	PAYO	A	0.01%
	MATV	D	0.01%
	HAIN	D	0.01%
	POWL	C	0.01%
	ONTO	F	0.01%
	VIR	D	0.01%
	SHAK	C	0.01%
	TDC	D	0.01%
	UFCS	A	0.01%
	INN	D	0.01%
	FWRD	D	0.01%
	HCSG	C	0.01%
	CWT	C	0.01%
	HLX	B	0.01%
	MRCY	C	0.01%
	WRLD	C	0.01%
	MP	C	0.01%
	CENX	B	0.01%
	NBHC	C	0.01%
	HAE	C	0.01%
	CUBI	B	0.01%
	DRH	B	0.01%
	FIZZ	C	0.01%
	FSS	B	0.01%
	ELME	D	0.01%
	CHH	A	0.01%
	SYNA	C	0.01%
	RCM	A	0.01%
	WST	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%
	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%
	HASI	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%
	ENPH	F	0.01%
	SKT	A	0.01%
	VC	F	0.01%
	MORN	B	0.01%
	CORT	B	0.01%
	TREX	C	0.01%
	LANC	C	0.01%
	OSIS	A	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%
	OII	B	0.01%
	VTLE	C	0.01%
	LGIH	F	0.01%
	ALGT	B	0.01%
	WD	D	0.01%
	FND	D	0.01%
	DIOD	D	0.01%
	PAYC	B	0.01%
	CWEN	C	0.01%
	IOSP	C	0.01%
	WEN	D	0.01%
	XRAY	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%
	ODP	F	0.01%
	ETSY	D	0.01%
	BCPC	B	0.01%
	AVAV	C	0.01%
	TMP	B	0.01%
	XRX	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%
	NBIX	C	0.01%
	ALGM	D	0.01%
	UE	B	0.01%
	EGBN	B	0.01%
	EXLS	B	0.01%
	PJT	A	0.01%
	THS	D	0.01%
	CPRI	F	0.01%
	MKSI	C	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%
	DAY	B	0.01%
	AROC	A	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%
	BRKL	B	0.01%
	IRT	A	0.01%
	HMN	B	0.01%
	ENSG	C	0.01%
	VAL	F	0.01%
	AKR	B	0.01%
	NPO	A	0.01%
	FBK	C	0.01%
	RXO	D	0.01%
	DXCM	C	0.01%
	VSTO	A	0.01%
	KLG	B	0.01%
	EGP	D	0.01%
	DOCS	C	0.01%
	SFBS	C	0.01%
	NEU	D	0.01%
	NYT	D	0.01%
	MAT	D	0.01%
	BRC	D	0.01%
	WTS	B	0.01%
	APAM	B	0.01%
	ROL	B	0.01%
	PECO	A	0.01%
	NSA	C	0.01%
	RYN	D	0.01%
	PODD	C	0.01%
	HGV	C	0.01%
	BWXT	B	0.01%
	DCOM	B	0.01%
	SAH	C	0.01%
	DPZ	C	0.01%
	FUL	F	0.01%
	OLLI	D	0.01%
	POOL	C	0.01%
	RH	C	0.01%
	CTRE	C	0.01%
	FCN	F	0.01%
	RC	D	0.01%
	DEA	D	0.01%
	BCO	F	0.01%
	VSH	F	0.01%
	EPR	C	0.01%
	MKTX	D	0.01%
	NBTB	B	0.01%
	TTC	C	0.01%
	LCII	C	0.01%
	KW	C	0.01%
	CDP	C	0.01%
	OUT	A	0.01%
	SAIA	B	0.01%
	PIPR	A	0.01%
	CAKE	C	0.01%
	RLI	A	0.01%
	KFY	B	0.01%
	PBH	A	0.01%
	BGC	C	0.01%
	RBC	A	0.01%
	PBI	B	0.01%
	CRK	B	0.01%
	IIPR	D	0.01%
	ECPG	C	0.01%
	FFIN	B	0.01%
	BOH	B	0.01%
	DT	D	0.01%
	PMT	C	0.01%
	GVA	A	0.01%
	SMG	C	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%
	CRL	D	0.01%
	ASGN	F	0.01%
	SABR	C	0.01%
	GGG	B	0.01%
	WH	B	0.01%
	WERN	C	0.01%
	WS	C	0.01%
	CCOI	B	0.01%
	LECO	C	0.01%
	EPRT	B	0.01%
	ACIW	B	0.01%
	FHI	B	0.01%
	KBR	F	0.01%
	PTEN	C	0.01%
	ICUI	D	0.01%
	VRSK	A	0.01%
	GNTX	C	0.01%
	MTCH	D	0.01%
	NWN	A	0.01%
	ASH	F	0.01%
	JKHY	D	0.01%
	CHDN	B	0.01%
	PEB	D	0.01%
	LW	C	0.01%
	NVST	B	0.01%
	GNL	F	0.01%
	COTY	F	0.01%
	QRVO	F	0.01%
	TRMK	C	0.01%
	LEG	F	0.01%
	MSCI	C	0.01%
	CTLT	C	0.01%
	TFX	F	0.01%
	ACA	A	0.01%
	FDS	B	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%
	TER	F	0.01%
	JBGS	F	0.01%
	REXR	F	0.01%
	IEX	C	0.01%
	AOS	F	0.01%
	DY	D	0.01%
	ATR	B	0.01%
	RGLD	C	0.01%
	WKC	C	0.01%
	SEE	C	0.01%
	AVA	A	0.01%
	FRT	B	0.01%
	DBX	B	0.01%
	FR	D	0.01%
	NJR	A	0.01%
	PPBI	C	0.01%
	TKR	D	0.01%
	HLI	A	0.01%
	WWW	A	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%
	ALLE	C	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%
	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%
	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%
	WSR	A	0.0%
	ASTE	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%
	PEN	B	0.0%
	VICR	C	0.0%
	USNA	C	0.0%
	SPSC	D	0.0%
	YETI	D	0.0%
	XNCR	B	0.0%
	LNN	B	0.0%
	PRVA	C	0.0%
	POWI	F	0.0%
	SONO	C	0.0%
	VVI	C	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%
	FLGT	F	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%
	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%
	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%
	CXT	C	0.0%
	FOXF	F	0.0%
	BGS	F	0.0%
	RAMP	B	0.0%
	AMSF	B	0.0%
	HZO	F	0.0%
	SVC	F	0.0%
	NVRI	D	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%
	TECH	F	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%
	ADUS	D	0.0%
	FIVE	F	0.0%
	LKFN	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%
	IPAR	B	0.0%
	BFS	C	0.0%
	QNST	B	0.0%
	VSAT	F	0.0%
	PAHC	C	0.0%
	KREF	C	0.0%
	HELE	C	0.0%
	IART	C	0.0%
	FORM	D	0.0%
	ALEX	B	0.0%
	SCL	C	0.0%
	MODG	F	0.0%
	SOLV	D	0.0%
	MSA	F	0.0%
	UNIT	B	0.0%

VLU Underweight 118 Positions Relative to VFMF

	Symbol	Grade	Weight
	APO	B	-0.74%
	BPOP	C	-0.67%
	OMF	A	-0.46%
	AMAL	B	-0.39%
	SCS	C	-0.32%
	ALSN	B	-0.3%
	NTB	B	-0.3%
	ACT	C	-0.29%
	SRCE	B	-0.28%
	TK	D	-0.27%
	TPC	C	-0.26%
	VIRT	A	-0.23%
	DELL	B	-0.23%
	WTTR	A	-0.23%
	MBIN	F	-0.22%
	SIGA	F	-0.21%
	SPOT	B	-0.2%
	ASC	F	-0.2%
	AMRX	C	-0.19%
	BOKF	B	-0.19%
	STNG	F	-0.18%
	VCTR	B	-0.18%
	IMKTA	C	-0.18%
	BELFB	C	-0.18%
	REVG	C	-0.18%
	IESC	C	-0.18%
	CNOB	B	-0.18%
	BLX	B	-0.18%
	MRC	B	-0.17%
	WMK	C	-0.16%
	BV	C	-0.16%
	IDT	B	-0.16%
	GNK	D	-0.16%
	CRBG	B	-0.15%
	DHT	F	-0.15%
	DAKT	C	-0.14%
	FTI	A	-0.14%
	NR	B	-0.14%
	TNK	F	-0.14%
	BBW	C	-0.14%
	SPOK	B	-0.13%
	NMRK	C	-0.13%
	INSW	F	-0.12%
	PTGX	D	-0.12%
	KNTK	A	-0.12%
	ZEUS	C	-0.12%
	FIBK	B	-0.12%
	CYH	F	-0.12%
	IMMR	C	-0.12%
	AGX	B	-0.12%
	DOX	D	-0.1%
	QCRH	B	-0.1%
	WHD	B	-0.1%
	FLWS	D	-0.1%
	VERX	A	-0.1%
	CDNA	D	-0.1%
	GRND	A	-0.09%
	GPOR	B	-0.09%
	WLY	B	-0.09%
	JELD	F	-0.09%
	SD	D	-0.08%
	HSTM	B	-0.08%
	ACCO	C	-0.08%
	DOLE	D	-0.07%
	USAP	B	-0.07%
	CNA	C	-0.07%
	DESP	B	-0.07%
	ZIMV	D	-0.07%
	PLPC	B	-0.07%
	BBSI	B	-0.07%
	HIMS	B	-0.07%
	HVT	D	-0.07%
	STRL	A	-0.07%
	NTGR	B	-0.07%
	UTI	B	-0.06%
	GOGL	F	-0.06%
	JILL	C	-0.06%
	FRME	B	-0.06%
	NAT	F	-0.06%
	AGM	B	-0.06%
	OSUR	F	-0.05%
	GRNT	B	-0.05%
	CLW	F	-0.05%
	SN	D	-0.05%
	DASH	B	-0.05%
	ZUMZ	B	-0.05%
	YOU	D	-0.05%
	ADMA	B	-0.05%
	OSBC	A	-0.05%
	LYTS	B	-0.05%
	SMLR	B	-0.04%
	HOV	D	-0.04%
	HEES	C	-0.04%
	GOLF	B	-0.04%
	STGW	A	-0.04%
	KFRC	D	-0.04%
	MBUU	B	-0.04%
	NSSC	D	-0.04%
	PRMW	C	-0.04%
	EFSC	B	-0.04%
	CRAI	C	-0.04%
	ATEN	A	-0.03%
	UVSP	B	-0.03%
	MOV	D	-0.03%
	CCRN	F	-0.03%
	BRY	F	-0.03%
	TPL	A	-0.03%
	TCBK	C	-0.03%
	DDS	B	-0.03%
	INGN	C	-0.02%
	VRA	C	-0.02%
	RGP	F	-0.02%
	ATKR	D	-0.02%
	BUSE	B	-0.02%
	PEBO	B	-0.02%
	SB	F	-0.02%
	ADTN	A	-0.02%
	MBWM	B	-0.02%

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

VFMF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Specialty Retail Residential Construction Shipping & Ports Asset Management Building Materials Oil & Gas Equipment & Services Apparel Manufacturing Credit Services Diversified Industrials Apparel Stores Business Services Electronic Components Software - Application Steel Banks - Global Biotechnology Education & Training Services Engineering & Construction

Keywords: S&P 500 Bank Banking Deposit Products Insurance Clothing Computing Construction Mining Natural Gas Nasdaq 100 Aerospace Building Materials Chemical Retail Store Commercial Banking Electronics Fashion Insurance Products Investment Management