VLU vs. VOO ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Vanguard S&P 500 ETF (VOO)

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

$193.82

Average Daily Volume

10,085

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

VOO

Vanguard S&P 500 ETF

VOO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$547.47

Average Daily Volume

5,104,303

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	VLU	VOO
30 Days	4.78%	3.05%
60 Days	5.81%	4.57%
90 Days	7.82%	6.29%
12 Months	31.37%	32.77%

494 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in VOO	Overlap
	A	D	0.03%	0.08%	0.03%
	AAPL	C	2.4%	7.11%	2.4%
	ABBV	D	0.37%	0.75%	0.37%
	ABNB	C	0.06%	0.12%	0.06%
	ABT	B	0.25%	0.41%	0.25%
	ACGL	D	0.12%	0.08%	0.08%
	ACN	C	0.31%	0.45%	0.31%
	ADBE	C	0.17%	0.44%	0.17%
	ADI	D	0.12%	0.23%	0.12%
	ADM	D	0.22%	0.05%	0.05%
	ADP	B	0.09%	0.24%	0.09%
	ADSK	A	0.03%	0.13%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.16%	0.11%	0.11%
	AES	F	0.04%	0.02%	0.02%
	AFL	B	0.21%	0.11%	0.11%
	AIG	B	0.24%	0.1%	0.1%
	AIZ	A	0.04%	0.02%	0.02%
	AJG	B	0.06%	0.13%	0.06%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.05%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.16%	0.1%	0.1%
	ALLE	D	0.01%	0.03%	0.01%
	AMAT	F	0.1%	0.31%	0.1%
	AMCR	D	0.05%	0.03%	0.03%
	AMD	F	0.12%	0.48%	0.12%
	AME	A	0.04%	0.09%	0.04%
	AMGN	D	0.23%	0.36%	0.23%
	AMP	A	0.12%	0.1%	0.1%
	AMT	D	0.13%	0.21%	0.13%
	AMZN	C	2.04%	3.61%	2.04%
	ANET	C	0.07%	0.21%	0.07%
	ANSS	B	0.02%	0.06%	0.02%
	AON	A	0.07%	0.17%	0.07%
	AOS	F	0.01%	0.02%	0.01%
	APA	D	0.04%	0.02%	0.02%
	APD	A	0.15%	0.14%	0.14%
	APH	A	0.06%	0.17%	0.06%
	APTV	D	0.05%	0.03%	0.03%
	ARE	D	0.05%	0.04%	0.04%
	ATO	A	0.07%	0.04%	0.04%
	AVB	B	0.07%	0.07%	0.07%
	AVGO	D	0.42%	1.64%	0.42%
	AVY	D	0.02%	0.03%	0.02%
	AWK	D	0.05%	0.06%	0.05%
	AXON	A	0.02%	0.06%	0.02%
	AXP	A	0.35%	0.31%	0.31%
	AZO	C	0.06%	0.11%	0.06%
	BA	F	0.16%	0.23%	0.16%
	BAC	A	1.57%	0.58%	0.58%
	BALL	D	0.04%	0.04%	0.04%
	BAX	D	0.05%	0.04%	0.04%
	BBY	D	0.16%	0.04%	0.04%
	BDX	F	0.08%	0.14%	0.08%
	BEN	C	0.06%	0.01%	0.01%
	BG	F	0.11%	0.02%	0.02%
	BIIB	F	0.07%	0.05%	0.05%
	BK	A	0.29%	0.12%	0.12%
	BKNG	A	0.12%	0.32%	0.12%
	BKR	B	0.12%	0.08%	0.08%
	BLDR	D	0.05%	0.04%	0.04%
	BLK	C	0.22%	0.28%	0.22%
	BMY	B	0.35%	0.23%	0.23%
	BR	A	0.02%	0.05%	0.02%
	BRK.A	B	2.43%	1.71%	1.71%
	BRO	B	0.04%	0.05%	0.04%
	BSX	B	0.11%	0.26%	0.11%
	BWA	D	0.07%	0.02%	0.02%
	BX	A	0.14%	0.25%	0.14%
	BXP	D	0.06%	0.02%	0.02%
	C	A	1.13%	0.25%	0.25%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.25%	0.05%	0.05%
	CARR	D	0.08%	0.13%	0.08%
	CAT	B	0.24%	0.38%	0.24%
	CB	C	0.34%	0.22%	0.22%
	CBOE	B	0.03%	0.05%	0.03%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	D	0.1%	0.1%	0.1%
	CCL	B	0.21%	0.05%	0.05%
	CDNS	B	0.02%	0.16%	0.02%
	CDW	F	0.03%	0.05%	0.03%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.04%	0.17%	0.04%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.18%	0.04%	0.04%
	CHD	B	0.03%	0.05%	0.03%
	CHRW	C	0.06%	0.03%	0.03%
	CHTR	C	0.33%	0.07%	0.07%
	CI	F	0.34%	0.18%	0.18%
	CINF	A	0.07%	0.05%	0.05%
	CL	D	0.09%	0.16%	0.09%
	CLX	B	0.03%	0.04%	0.03%
	CMCSA	B	0.62%	0.35%	0.35%
	CME	A	0.1%	0.17%	0.1%
	CMG	B	0.04%	0.16%	0.04%
	CMI	A	0.14%	0.09%	0.09%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.26%	0.07%	0.07%
	CNP	B	0.08%	0.04%	0.04%
	COF	B	0.61%	0.13%	0.13%
	COP	C	0.41%	0.26%	0.26%
	COR	B	0.36%	0.08%	0.08%
	COST	B	0.28%	0.8%	0.28%
	CPAY	A	0.04%	0.05%	0.04%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.03%	0.09%	0.03%
	CPT	B	0.04%	0.03%	0.03%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.27%	0.58%	0.27%
	CSCO	B	0.51%	0.46%	0.46%
	CSGP	D	0.02%	0.06%	0.02%
	CSX	B	0.1%	0.14%	0.1%
	CTAS	B	0.04%	0.15%	0.04%
	CTLT	B	0.01%	0.02%	0.01%
	CTRA	B	0.06%	0.04%	0.04%
	CTSH	B	0.11%	0.08%	0.08%
	CTVA	C	0.08%	0.09%	0.08%
	CVS	D	0.58%	0.15%	0.15%
	CVX	A	1.36%	0.52%	0.52%
	CZR	F	0.02%	0.02%	0.02%
	D	C	0.24%	0.1%	0.1%
	DAL	C	0.35%	0.08%	0.08%
	DAY	B	0.01%	0.02%	0.01%
	DD	D	0.17%	0.07%	0.07%
	DE	A	0.22%	0.21%	0.21%
	DECK	A	0.02%	0.05%	0.02%
	DFS	B	0.16%	0.08%	0.08%
	DG	F	0.05%	0.04%	0.04%
	DGX	A	0.05%	0.04%	0.04%
	DHI	D	0.1%	0.1%	0.1%
	DHR	F	0.11%	0.33%	0.11%
	DIS	B	0.32%	0.36%	0.32%
	DLR	B	0.04%	0.11%	0.04%
	DLTR	F	0.04%	0.03%	0.03%
	DOC	D	0.05%	0.03%	0.03%
	DOV	A	0.04%	0.05%	0.04%
	DOW	F	0.15%	0.07%	0.07%
	DPZ	C	0.01%	0.03%	0.01%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.09%	0.05%	0.05%
	DUK	C	0.33%	0.18%	0.18%
	DVA	B	0.06%	0.01%	0.01%
	DVN	F	0.12%	0.05%	0.05%
	DXCM	D	0.01%	0.06%	0.01%
	EA	A	0.05%	0.08%	0.05%
	EBAY	D	0.08%	0.06%	0.06%
	ECL	D	0.04%	0.13%	0.04%
	ED	D	0.12%	0.07%	0.07%
	EFX	F	0.02%	0.07%	0.02%
	EG	C	0.08%	0.03%	0.03%
	EIX	B	0.1%	0.07%	0.07%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.29%	0.19%	0.19%
	EMN	D	0.04%	0.03%	0.03%
	EMR	A	0.16%	0.13%	0.13%
	ENPH	F	0.01%	0.02%	0.01%
	EOG	A	0.24%	0.14%	0.14%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	A	0.07%	0.18%	0.07%
	EQR	B	0.08%	0.05%	0.05%
	EQT	B	0.13%	0.04%	0.04%
	ERIE	D	0.02%	0.02%	0.02%
	ES	D	0.08%	0.05%	0.05%
	ESS	B	0.04%	0.04%	0.04%
	ETN	A	0.12%	0.27%	0.12%
	ETR	B	0.16%	0.07%	0.07%
	EVRG	A	0.07%	0.03%	0.03%
	EW	C	0.04%	0.08%	0.04%
	EXC	C	0.19%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.05%	0.04%	0.04%
	EXR	D	0.04%	0.07%	0.04%
	F	C	0.37%	0.08%	0.08%
	FANG	D	0.1%	0.07%	0.07%
	FAST	B	0.04%	0.09%	0.04%
	FCX	D	0.08%	0.13%	0.08%
	FDS	B	0.01%	0.04%	0.01%
	FDX	B	0.25%	0.13%	0.13%
	FE	C	0.07%	0.04%	0.04%
	FFIV	B	0.02%	0.03%	0.02%
	FI	A	0.16%	0.24%	0.16%
	FICO	B	0.02%	0.1%	0.02%
	FIS	C	0.11%	0.1%	0.1%
	FITB	A	0.12%	0.06%	0.06%
	FMC	D	0.03%	0.02%	0.02%
	FOX	A	0.05%	0.01%	0.01%
	FOXA	B	0.09%	0.02%	0.02%
	FRT	B	0.01%	0.02%	0.01%
	FSLR	F	0.03%	0.04%	0.03%
	FTNT	C	0.04%	0.1%	0.04%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.21%	0.16%	0.16%
	GDDY	A	0.03%	0.05%	0.03%
	GE	D	0.27%	0.39%	0.27%
	GEHC	F	0.03%	0.08%	0.03%
	GEN	B	0.05%	0.03%	0.03%
	GILD	C	0.35%	0.23%	0.23%
	GIS	D	0.1%	0.08%	0.08%
	GL	B	0.04%	0.02%	0.02%
	GLW	B	0.1%	0.08%	0.08%
	GM	B	0.55%	0.12%	0.12%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	C	1.15%	1.72%	1.15%
	GOOGL	C	0.72%	2.08%	0.72%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.06%	0.04%	0.04%
	GRMN	B	0.07%	0.06%	0.06%
	GS	A	0.59%	0.33%	0.33%
	GWW	B	0.06%	0.1%	0.06%
	HAL	C	0.07%	0.05%	0.05%
	HAS	D	0.03%	0.02%	0.02%
	HBAN	A	0.13%	0.05%	0.05%
	HCA	F	0.18%	0.14%	0.14%
	HD	A	0.52%	0.81%	0.52%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.02%	0.02%	0.02%
	HLT	A	0.02%	0.12%	0.02%
	HOLX	D	0.02%	0.04%	0.02%
	HON	B	0.23%	0.28%	0.23%
	HPE	B	0.23%	0.05%	0.05%
	HPQ	B	0.31%	0.07%	0.07%
	HRL	D	0.07%	0.02%	0.02%
	HSIC	B	0.03%	0.02%	0.02%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	C	0.17%	0.06%	0.06%
	HWM	A	0.04%	0.08%	0.04%
	IBM	C	0.41%	0.39%	0.39%
	ICE	C	0.11%	0.19%	0.11%
	IDXX	F	0.02%	0.07%	0.02%
	IEX	B	0.01%	0.03%	0.01%
	IFF	D	0.05%	0.05%	0.05%
	INCY	C	0.03%	0.02%	0.02%
	INTC	D	0.33%	0.19%	0.19%
	INTU	C	0.06%	0.35%	0.06%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.17%	0.04%	0.04%
	IPG	D	0.03%	0.02%	0.02%
	IQV	D	0.04%	0.07%	0.04%
	IR	B	0.02%	0.08%	0.02%
	IRM	D	0.04%	0.08%	0.04%
	ISRG	A	0.1%	0.37%	0.1%
	IT	C	0.03%	0.08%	0.03%
	ITW	B	0.09%	0.15%	0.09%
	IVZ	B	0.07%	0.02%	0.02%
	J	F	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.16%	0.1%	0.1%
	JKHY	D	0.01%	0.03%	0.01%
	JNJ	D	0.78%	0.8%	0.78%
	JNPR	F	0.03%	0.03%	0.03%
	JPM	A	1.53%	1.31%	1.31%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.11%	0.08%	0.08%
	KEY	B	0.15%	0.03%	0.03%
	KEYS	A	0.03%	0.05%	0.03%
	KHC	F	0.24%	0.06%	0.06%
	KIM	A	0.04%	0.03%	0.03%
	KLAC	D	0.04%	0.19%	0.04%
	KMB	D	0.1%	0.09%	0.09%
	KMI	A	0.45%	0.1%	0.1%
	KMX	B	0.05%	0.02%	0.02%
	KO	D	0.36%	0.52%	0.36%
	KR	B	0.33%	0.07%	0.07%
	KVUE	A	0.23%	0.09%	0.09%
	L	A	0.13%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.13%	0.09%	0.09%
	LH	C	0.06%	0.04%	0.04%
	LHX	C	0.1%	0.1%	0.1%
	LIN	D	0.19%	0.45%	0.19%
	LKQ	D	0.03%	0.02%	0.02%
	LLY	F	0.19%	1.36%	0.19%
	LMT	D	0.32%	0.24%	0.24%
	LNT	A	0.04%	0.03%	0.03%
	LOW	D	0.23%	0.31%	0.23%
	LRCX	F	0.07%	0.2%	0.07%
	LULU	C	0.03%	0.07%	0.03%
	LUV	C	0.17%	0.04%	0.04%
	LVS	C	0.07%	0.04%	0.04%
	LW	C	0.01%	0.02%	0.01%
	LYB	F	0.18%	0.05%	0.05%
	LYV	A	0.05%	0.04%	0.04%
	MA	C	0.13%	0.85%	0.13%
	MAA	B	0.04%	0.04%	0.04%
	MAR	B	0.09%	0.13%	0.09%
	MAS	D	0.03%	0.04%	0.03%
	MCD	D	0.15%	0.43%	0.15%
	MCHP	D	0.04%	0.08%	0.04%
	MCK	B	0.39%	0.13%	0.13%
	MCO	B	0.04%	0.15%	0.04%
	MDLZ	F	0.18%	0.19%	0.18%
	MDT	D	0.32%	0.24%	0.24%
	MET	A	0.42%	0.1%	0.1%
	META	D	1.68%	2.57%	1.68%
	MGM	D	0.04%	0.02%	0.02%
	MHK	D	0.06%	0.01%	0.01%
	MKC	D	0.04%	0.04%	0.04%
	MKTX	D	0.01%	0.02%	0.01%
	MLM	B	0.03%	0.07%	0.03%
	MMC	B	0.12%	0.22%	0.12%
	MMM	D	0.27%	0.15%	0.15%
	MNST	C	0.05%	0.08%	0.05%
	MO	A	0.36%	0.19%	0.19%
	MOH	F	0.04%	0.04%	0.04%
	MOS	F	0.07%	0.02%	0.02%
	MPC	D	0.45%	0.1%	0.1%
	MPWR	F	0.01%	0.08%	0.01%
	MRK	F	0.3%	0.54%	0.3%
	MRNA	F	0.02%	0.04%	0.02%
	MRO	B	0.08%	0.03%	0.03%
	MS	A	0.63%	0.3%	0.3%
	MSCI	C	0.01%	0.09%	0.01%
	MSFT	F	1.41%	6.26%	1.41%
	MSI	B	0.04%	0.16%	0.04%
	MTB	A	0.18%	0.07%	0.07%
	MTCH	D	0.01%	0.02%	0.01%
	MTD	D	0.02%	0.06%	0.02%
	MU	D	0.13%	0.23%	0.13%
	NCLH	B	0.03%	0.02%	0.02%
	NDAQ	A	0.07%	0.06%	0.06%
	NDSN	B	0.02%	0.03%	0.02%
	NEE	D	0.34%	0.34%	0.34%
	NEM	D	0.13%	0.11%	0.11%
	NFLX	A	0.19%	0.67%	0.19%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.12%	0.19%	0.12%
	NOC	D	0.15%	0.14%	0.14%
	NOW	A	0.06%	0.4%	0.06%
	NRG	B	0.05%	0.04%	0.04%
	NSC	B	0.12%	0.12%	0.12%
	NTAP	C	0.04%	0.05%	0.04%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.11%	0.07%	0.07%
	NVDA	C	0.36%	6.76%	0.36%
	NVR	D	0.06%	0.06%	0.06%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.03%	0.02%	0.02%
	NXPI	D	0.07%	0.12%	0.07%
	O	D	0.11%	0.11%	0.11%
	ODFL	B	0.03%	0.08%	0.03%
	OKE	A	0.14%	0.12%	0.12%
	OMC	C	0.06%	0.04%	0.04%
	ON	D	0.04%	0.06%	0.04%
	ORCL	B	0.45%	0.56%	0.45%
	ORLY	B	0.08%	0.14%	0.08%
	OTIS	C	0.03%	0.08%	0.03%
	OXY	D	0.17%	0.07%	0.07%
	PANW	C	0.07%	0.24%	0.07%
	PARA	C	0.06%	0.01%	0.01%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	C	0.06%	0.09%	0.06%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.13%	0.09%	0.09%
	PEG	A	0.14%	0.09%	0.09%
	PEP	F	0.33%	0.47%	0.33%
	PFE	D	0.7%	0.33%	0.33%
	PFG	D	0.16%	0.04%	0.04%
	PG	A	0.48%	0.81%	0.48%
	PGR	A	0.18%	0.29%	0.18%
	PH	A	0.1%	0.17%	0.1%
	PHM	D	0.06%	0.06%	0.06%
	PKG	A	0.05%	0.04%	0.04%
	PLD	D	0.13%	0.22%	0.13%
	PM	B	0.56%	0.43%	0.43%
	PNC	B	0.41%	0.16%	0.16%
	PNR	A	0.02%	0.03%	0.02%
	PNW	B	0.05%	0.02%	0.02%
	PODD	C	0.01%	0.03%	0.01%
	POOL	C	0.01%	0.03%	0.01%
	PPG	F	0.06%	0.06%	0.06%
	PPL	B	0.09%	0.05%	0.05%
	PRU	A	0.39%	0.09%	0.09%
	PSA	D	0.07%	0.11%	0.07%
	PSX	C	0.47%	0.11%	0.11%
	PTC	A	0.02%	0.05%	0.02%
	PWR	A	0.04%	0.09%	0.04%
	PYPL	B	0.18%	0.17%	0.17%
	QCOM	F	0.22%	0.38%	0.22%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.08%	0.1%	0.08%
	REG	B	0.04%	0.02%	0.02%
	REGN	F	0.1%	0.18%	0.1%
	RF	A	0.12%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.02%	0.07%	0.02%
	ROK	B	0.04%	0.06%	0.04%
	ROL	B	0.01%	0.03%	0.01%
	ROP	B	0.05%	0.12%	0.05%
	ROST	C	0.06%	0.1%	0.06%
	RSG	A	0.09%	0.08%	0.08%
	RTX	C	0.44%	0.33%	0.33%
	RVTY	F	0.02%	0.03%	0.02%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.14%	0.23%	0.14%
	SCHW	B	0.26%	0.22%	0.22%
	SHW	A	0.06%	0.17%	0.06%
	SJM	D	0.04%	0.03%	0.03%
	SLB	C	0.13%	0.12%	0.12%
	SMCI	F	0.01%	0.03%	0.01%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	B	0.04%	0.16%	0.04%
	SO	D	0.3%	0.21%	0.21%
	SOLV	C	0.0%	0.02%	0.0%
	SPG	B	0.06%	0.11%	0.06%
	SPGI	C	0.12%	0.32%	0.12%
	SRE	A	0.18%	0.11%	0.11%
	STE	F	0.02%	0.05%	0.02%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.14%	0.06%	0.06%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.05%	0.08%	0.05%
	SW	A	0.22%	0.05%	0.05%
	SWK	D	0.05%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.22%	0.05%	0.05%
	SYK	C	0.09%	0.25%	0.09%
	SYY	B	0.12%	0.08%	0.08%
	T	A	1.4%	0.33%	0.33%
	TAP	C	0.09%	0.02%	0.02%
	TDG	D	0.02%	0.15%	0.02%
	TDY	B	0.03%	0.04%	0.03%
	TECH	D	0.0%	0.02%	0.0%
	TER	D	0.01%	0.04%	0.01%
	TFC	A	0.54%	0.12%	0.12%
	TFX	F	0.01%	0.02%	0.01%
	TGT	F	0.22%	0.14%	0.14%
	TJX	A	0.16%	0.26%	0.16%
	TMO	F	0.14%	0.43%	0.14%
	TMUS	B	0.43%	0.23%	0.23%
	TPR	B	0.04%	0.02%	0.02%
	TRGP	B	0.09%	0.08%	0.08%
	TRMB	B	0.02%	0.03%	0.02%
	TROW	B	0.07%	0.05%	0.05%
	TRV	B	0.18%	0.12%	0.12%
	TSCO	D	0.03%	0.06%	0.03%
	TSLA	B	0.62%	1.44%	0.62%
	TSN	B	0.16%	0.03%	0.03%
	TT	A	0.08%	0.17%	0.08%
	TTWO	A	0.02%	0.05%	0.02%
	TXN	C	0.24%	0.38%	0.24%
	TXT	D	0.04%	0.03%	0.03%
	TYL	B	0.02%	0.05%	0.02%
	UAL	A	0.26%	0.05%	0.05%
	UBER	D	0.08%	0.31%	0.08%
	UDR	B	0.03%	0.03%	0.03%
	UHS	D	0.05%	0.03%	0.03%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.15%	1.08%	1.08%
	UNP	C	0.22%	0.29%	0.22%
	UPS	C	0.37%	0.2%	0.2%
	URI	B	0.07%	0.11%	0.07%
	USB	A	0.39%	0.16%	0.16%
	V	A	0.45%	1.0%	0.45%
	VICI	C	0.09%	0.06%	0.06%
	VLO	C	0.38%	0.09%	0.09%
	VLTO	D	0.02%	0.05%	0.02%
	VMC	B	0.03%	0.07%	0.03%
	VRSK	A	0.01%	0.08%	0.01%
	VRSN	F	0.02%	0.03%	0.02%
	VRTX	F	0.1%	0.25%	0.1%
	VST	B	0.11%	0.09%	0.09%
	VTR	C	0.08%	0.06%	0.06%
	VTRS	A	0.13%	0.03%	0.03%
	VZ	C	1.5%	0.37%	0.37%
	WAB	B	0.04%	0.07%	0.04%
	WAT	B	0.02%	0.04%	0.02%
	WBA	F	0.05%	0.01%	0.01%
	WBD	C	0.17%	0.04%	0.04%
	WDC	D	0.04%	0.04%	0.04%
	WEC	A	0.1%	0.06%	0.06%
	WELL	A	0.12%	0.16%	0.12%
	WFC	A	1.25%	0.46%	0.46%
	WM	A	0.1%	0.16%	0.1%
	WMB	A	0.19%	0.13%	0.13%
	WMT	A	1.82%	0.74%	0.74%
	WRB	A	0.05%	0.04%	0.04%
	WST	C	0.01%	0.05%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WY	D	0.06%	0.05%	0.05%
	WYNN	D	0.02%	0.02%	0.02%
	XEL	A	0.15%	0.08%	0.08%
	XOM	B	1.99%	1.07%	1.07%
	XYL	D	0.02%	0.06%	0.02%
	YUM	B	0.03%	0.08%	0.03%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.02%	0.04%	0.02%
	ZTS	D	0.04%	0.17%	0.04%

VLU Overweight 925 Positions Relative to VOO

	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	C	0.08%
	FNF	B	0.08%
	CMA	A	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	C	0.07%
	EQH	B	0.07%
	ZION	B	0.07%
	FHN	A	0.06%
	VFC	C	0.06%
	ALK	C	0.06%
	VNO	B	0.06%
	THC	D	0.06%
	IBKR	A	0.06%
	DINO	D	0.06%
	R	B	0.06%
	JEF	A	0.06%
	WPC	D	0.05%
	JLL	D	0.05%
	LEA	D	0.05%
	GPI	A	0.05%
	ARMK	B	0.05%
	OC	A	0.05%
	TOL	B	0.05%
	CNX	A	0.05%
	RS	B	0.05%
	JHG	A	0.05%
	LNC	B	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	A	0.05%
	XPO	B	0.04%
	OGS	A	0.04%
	NOG	A	0.04%
	UTHR	C	0.04%
	M	D	0.04%
	SF	B	0.04%
	AN	C	0.04%
	CNO	A	0.04%
	BKH	A	0.04%
	OHI	C	0.04%
	SANM	B	0.04%
	MUSA	A	0.04%
	TMHC	B	0.04%
	FYBR	D	0.04%
	KRC	C	0.04%
	BERY	B	0.04%
	TKO	B	0.04%
	WSO	A	0.04%
	GAP	C	0.04%
	VLY	B	0.04%
	MUR	D	0.04%
	SNV	B	0.04%
	CIVI	D	0.04%
	AA	B	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	A	0.04%
	OZK	B	0.04%
	WCC	B	0.04%
	ORI	A	0.04%
	ABG	B	0.04%
	CLH	B	0.03%
	TGNA	B	0.03%
	SSB	B	0.03%
	MTG	C	0.03%
	LAMR	D	0.03%
	DAR	C	0.03%
	MAN	D	0.03%
	NXST	C	0.03%
	ARCH	B	0.03%
	CADE	B	0.03%
	CSL	C	0.03%
	PK	B	0.03%
	TRN	C	0.03%
	BURL	A	0.03%
	MTDR	B	0.03%
	RDN	C	0.03%
	SFNC	B	0.03%
	ILMN	D	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	B	0.03%
	GNW	A	0.03%
	FLR	B	0.03%
	NFG	A	0.03%
	BHF	B	0.03%
	HWC	B	0.03%
	CEIX	A	0.03%
	APLE	B	0.03%
	CWK	B	0.03%
	HP	B	0.03%
	PBF	D	0.03%
	BKU	A	0.03%
	THO	B	0.03%
	AGCO	D	0.03%
	CNK	B	0.03%
	FNB	A	0.03%
	ABM	B	0.03%
	PR	B	0.03%
	CFR	B	0.03%
	EME	C	0.03%
	PNFP	B	0.03%
	GHC	C	0.03%
	BTU	B	0.03%
	DEI	B	0.03%
	RRC	B	0.03%
	OGE	B	0.03%
	PB	A	0.03%
	ACM	A	0.03%
	MTZ	B	0.03%
	GEO	B	0.03%
	COHR	B	0.03%
	CACI	D	0.03%
	HIW	D	0.03%
	HCC	B	0.03%
	SFM	A	0.03%
	NWL	B	0.03%
	CALM	A	0.03%
	KD	B	0.03%
	CATY	B	0.03%
	DKS	C	0.03%
	BJ	A	0.03%
	GME	C	0.03%
	WU	D	0.03%
	MLI	C	0.03%
	DXC	B	0.03%
	OGN	D	0.03%
	ONB	B	0.03%
	CASY	A	0.03%
	FAF	A	0.03%
	CCK	C	0.03%
	KNX	B	0.03%
	ASB	B	0.03%
	CMC	B	0.03%
	INGR	B	0.03%
	WLK	D	0.03%
	AYI	B	0.02%
	INDB	B	0.02%
	GMED	A	0.02%
	ITT	A	0.02%
	VVV	F	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	A	0.02%
	ATI	D	0.02%
	PLXS	B	0.02%
	AX	A	0.02%
	LPX	B	0.02%
	CABO	C	0.02%
	ELS	C	0.02%
	NWBI	B	0.02%
	VYX	B	0.02%
	KMPR	B	0.02%
	UAA	C	0.02%
	MHO	D	0.02%
	LITE	B	0.02%
	MSM	C	0.02%
	TXRH	C	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	A	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	C	0.02%
	ABCB	B	0.02%
	NVT	B	0.02%
	KSS	F	0.02%
	RRX	B	0.02%
	WWD	B	0.02%
	BCC	B	0.02%
	OI	C	0.02%
	FULT	A	0.02%
	PRG	C	0.02%
	BHE	B	0.02%
	PII	D	0.02%
	FL	F	0.02%
	BC	C	0.02%
	LII	A	0.02%
	SAIC	F	0.02%
	CRC	B	0.02%
	SR	A	0.02%
	ALE	A	0.02%
	CAR	C	0.02%
	BYD	C	0.02%
	KAR	B	0.02%
	ESNT	D	0.02%
	LNW	D	0.02%
	SLG	B	0.02%
	MDU	D	0.02%
	RUSHA	C	0.02%
	PRGO	B	0.02%
	AGO	B	0.02%
	IDA	A	0.02%
	OLN	D	0.02%
	REZI	A	0.02%
	AUB	B	0.02%
	AAP	C	0.02%
	PPC	C	0.02%
	PVH	C	0.02%
	BANC	A	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	F	0.02%
	EAT	A	0.02%
	UMBF	B	0.02%
	AVNT	B	0.02%
	GBX	A	0.02%
	RNST	B	0.02%
	BBWI	D	0.02%
	GBCI	B	0.02%
	PRI	A	0.02%
	TCBI	B	0.02%
	TPH	D	0.02%
	CIEN	B	0.02%
	MTH	D	0.02%
	URBN	C	0.02%
	CLF	F	0.02%
	MATX	C	0.02%
	CW	B	0.02%
	EHC	B	0.02%
	BANF	B	0.02%
	SBRA	C	0.02%
	FHB	A	0.02%
	JWN	C	0.02%
	JBLU	F	0.02%
	IBTX	B	0.02%
	SIG	B	0.02%
	ADC	B	0.02%
	H	B	0.02%
	KEX	C	0.02%
	EVR	B	0.02%
	SLGN	A	0.02%
	HOMB	A	0.02%
	WSM	B	0.02%
	KBH	D	0.02%
	RHI	B	0.02%
	BANR	B	0.02%
	CBSH	A	0.02%
	SEM	B	0.02%
	THG	A	0.02%
	RPM	A	0.02%
	IBOC	A	0.02%
	OSK	B	0.02%
	UFPI	B	0.02%
	AMKR	D	0.02%
	CRS	A	0.02%
	SKYW	B	0.02%
	CXW	B	0.02%
	CUBE	D	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	A	0.02%
	AMG	B	0.02%
	SNEX	B	0.02%
	CG	A	0.02%
	NNN	D	0.02%
	MPW	F	0.02%
	JAZZ	B	0.02%
	SCI	B	0.02%
	UBSI	B	0.02%
	SON	D	0.02%
	VSCO	B	0.02%
	GT	C	0.02%
	BIO	D	0.02%
	SM	B	0.02%
	BFH	B	0.02%
	SKX	D	0.02%
	HRB	D	0.02%
	AMH	D	0.02%
	GDOT	D	0.01%
	RES	D	0.01%
	TRST	A	0.01%
	HTZ	C	0.01%
	CHE	D	0.01%
	PRA	C	0.01%
	AVNS	F	0.01%
	HFWA	B	0.01%
	MSGS	A	0.01%
	AIN	C	0.01%
	TFIN	A	0.01%
	FBNC	A	0.01%
	CVI	F	0.01%
	AEIS	B	0.01%
	OLED	D	0.01%
	GO	C	0.01%
	KELYA	F	0.01%
	VRTS	B	0.01%
	MCRI	A	0.01%
	PFBC	B	0.01%
	SCHL	D	0.01%
	AAT	B	0.01%
	XHR	B	0.01%
	UCTT	D	0.01%
	EZPW	A	0.01%
	MMI	B	0.01%
	AWR	B	0.01%
	SAFT	C	0.01%
	CHEF	A	0.01%
	AZZ	B	0.01%
	RGEN	D	0.01%
	EFC	C	0.01%
	PAYO	A	0.01%
	MATV	D	0.01%
	HAIN	C	0.01%
	PRDO	B	0.01%
	POWL	C	0.01%
	ONTO	D	0.01%
	EPC	D	0.01%
	VIR	D	0.01%
	SHAK	C	0.01%
	TDC	D	0.01%
	UFCS	B	0.01%
	CVLT	B	0.01%
	INN	D	0.01%
	FWRD	D	0.01%
	HCSG	C	0.01%
	CWT	D	0.01%
	HLX	B	0.01%
	AMWD	C	0.01%
	MRCY	B	0.01%
	WRLD	C	0.01%
	MP	B	0.01%
	CENX	B	0.01%
	NBHC	B	0.01%
	HALO	F	0.01%
	MEDP	D	0.01%
	HAE	C	0.01%
	CUBI	C	0.01%
	CHCO	B	0.01%
	DRH	B	0.01%
	FIZZ	C	0.01%
	PLAB	C	0.01%
	APOG	B	0.01%
	HWKN	B	0.01%
	FSS	B	0.01%
	ELME	D	0.01%
	HAFC	A	0.01%
	CHH	A	0.01%
	PLUS	F	0.01%
	SYNA	C	0.01%
	ESAB	B	0.01%
	RCM	F	0.01%
	STRA	C	0.01%
	GTY	B	0.01%
	NGVT	B	0.01%
	JJSF	B	0.01%
	LGND	B	0.01%
	SMPL	B	0.01%
	BLMN	F	0.01%
	HXL	D	0.01%
	GFF	A	0.01%
	NHC	C	0.01%
	JBT	B	0.01%
	KNF	A	0.01%
	MCW	B	0.01%
	CPK	A	0.01%
	ZD	C	0.01%
	RDNT	B	0.01%
	AMED	F	0.01%
	CGNX	C	0.01%
	ESE	B	0.01%
	SHO	C	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	B	0.01%
	KWR	C	0.01%
	IBP	D	0.01%
	SBCF	A	0.01%
	CRI	D	0.01%
	ASIX	A	0.01%
	FCPT	C	0.01%
	BRKR	D	0.01%
	AHCO	F	0.01%
	EXP	A	0.01%
	LNTH	D	0.01%
	BKE	B	0.01%
	SCVL	F	0.01%
	SKT	B	0.01%
	VC	D	0.01%
	EIG	B	0.01%
	MORN	B	0.01%
	CORT	B	0.01%
	TREX	C	0.01%
	LANC	C	0.01%
	OSIS	B	0.01%
	ALKS	B	0.01%
	ENR	B	0.01%
	NBR	C	0.01%
	FELE	B	0.01%
	KALU	C	0.01%
	CFFN	B	0.01%
	MYRG	B	0.01%
	AWI	A	0.01%
	HQY	B	0.01%
	BOOT	D	0.01%
	KLIC	B	0.01%
	NSP	D	0.01%
	MNRO	D	0.01%
	LXP	D	0.01%
	OPCH	D	0.01%
	STC	B	0.01%
	PCTY	B	0.01%
	MC	C	0.01%
	PUMP	B	0.01%
	OII	B	0.01%
	VTLE	C	0.01%
	LGIH	D	0.01%
	TBBK	B	0.01%
	ALGT	B	0.01%
	WD	D	0.01%
	FND	C	0.01%
	DIOD	D	0.01%
	CWEN	C	0.01%
	CVCO	A	0.01%
	IOSP	B	0.01%
	CPF	A	0.01%
	WEN	D	0.01%
	CASH	A	0.01%
	XRAY	F	0.01%
	LPG	F	0.01%
	CARG	C	0.01%
	MGEE	C	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	D	0.01%
	TMP	B	0.01%
	VNT	B	0.01%
	XRX	F	0.01%
	WMS	D	0.01%
	RUN	F	0.01%
	RWT	D	0.01%
	LTC	B	0.01%
	HI	C	0.01%
	ROIC	A	0.01%
	B	B	0.01%
	SHOO	D	0.01%
	SSD	D	0.01%
	NBIX	C	0.01%
	ALGM	D	0.01%
	UE	C	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	B	0.01%
	EXPI	C	0.01%
	SHC	F	0.01%
	MTSI	B	0.01%
	FTDR	A	0.01%
	DORM	B	0.01%
	MASI	A	0.01%
	ORA	B	0.01%
	CENTA	C	0.01%
	AROC	B	0.01%
	WGO	C	0.01%
	UNF	B	0.01%
	INVA	D	0.01%
	DAN	D	0.01%
	PARR	D	0.01%
	GTLS	B	0.01%
	CCS	D	0.01%
	ANF	C	0.01%
	OTTR	C	0.01%
	DLB	B	0.01%
	CHX	C	0.01%
	PCH	D	0.01%
	MTX	B	0.01%
	CBRL	C	0.01%
	ITGR	B	0.01%
	BDN	C	0.01%
	FCF	A	0.01%
	CNXN	C	0.01%
	NMIH	D	0.01%
	DLX	B	0.01%
	BRKL	B	0.01%
	IRT	A	0.01%
	HMN	B	0.01%
	ENSG	D	0.01%
	PHIN	A	0.01%
	SXC	A	0.01%
	VAL	D	0.01%
	AKR	B	0.01%
	NPO	A	0.01%
	FBK	B	0.01%
	RXO	C	0.01%
	KMT	B	0.01%
	VSTO	A	0.01%
	KLG	C	0.01%
	EGP	F	0.01%
	PATK	D	0.01%
	DOCS	C	0.01%
	SFBS	B	0.01%
	NEU	C	0.01%
	NYT	C	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	D	0.01%
	SBSI	B	0.01%
	RYN	D	0.01%
	PINC	B	0.01%
	HGV	B	0.01%
	STBA	B	0.01%
	BWXT	B	0.01%
	DCOM	A	0.01%
	SAH	A	0.01%
	TEX	D	0.01%
	LZB	B	0.01%
	FUL	F	0.01%
	OLLI	D	0.01%
	SCSC	B	0.01%
	RH	B	0.01%
	PSTG	D	0.01%
	CTRE	D	0.01%
	FCN	D	0.01%
	RC	D	0.01%
	AEO	F	0.01%
	DEA	D	0.01%
	BCO	D	0.01%
	VSH	D	0.01%
	LOPE	B	0.01%
	EPR	D	0.01%
	NBTB	B	0.01%
	TTC	D	0.01%
	LCII	C	0.01%
	PRK	B	0.01%
	KW	B	0.01%
	CDP	C	0.01%
	FN	D	0.01%
	OUT	A	0.01%
	FIX	A	0.01%
	GRBK	D	0.01%
	SAIA	B	0.01%
	PIPR	B	0.01%
	CAKE	C	0.01%
	RLI	B	0.01%
	BHLB	B	0.01%
	ITRI	B	0.01%
	WSFS	A	0.01%
	KFY	B	0.01%
	PSMT	C	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	B	0.01%
	MD	B	0.01%
	FFIN	B	0.01%
	BOH	B	0.01%
	WEX	D	0.01%
	DT	C	0.01%
	PMT	D	0.01%
	GVA	A	0.01%
	SMG	D	0.01%
	GIII	D	0.01%
	UNFI	A	0.01%
	TTMI	B	0.01%
	WOR	F	0.01%
	SBH	C	0.01%
	BDC	B	0.01%
	LSTR	D	0.01%
	LFUS	F	0.01%
	ARI	C	0.01%
	LRN	A	0.01%
	ASGN	F	0.01%
	SABR	C	0.01%
	IDCC	A	0.01%
	GMS	B	0.01%
	GGG	B	0.01%
	CROX	D	0.01%
	WH	B	0.01%
	WERN	C	0.01%
	WS	B	0.01%
	FDP	B	0.01%
	CCOI	B	0.01%
	NAVI	C	0.01%
	LECO	B	0.01%
	EPRT	B	0.01%
	LBRT	D	0.01%
	ACIW	B	0.01%
	FHI	A	0.01%
	KBR	F	0.01%
	PTEN	C	0.01%
	ICUI	D	0.01%
	GNTX	C	0.01%
	NWN	A	0.01%
	ENS	D	0.01%
	ASH	D	0.01%
	HNI	B	0.01%
	CHDN	B	0.01%
	PEB	D	0.01%
	ASO	F	0.01%
	NVST	B	0.01%
	FBP	B	0.01%
	GNL	F	0.01%
	COTY	F	0.01%
	TRMK	B	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	F	0.01%
	MMS	F	0.01%
	DCI	B	0.01%
	HTH	B	0.01%
	CC	C	0.01%
	TALO	C	0.01%
	PDCO	D	0.01%
	EEFT	B	0.01%
	UCB	A	0.01%
	JBGS	D	0.01%
	REXR	F	0.01%
	DY	D	0.01%
	ATR	B	0.01%
	BLD	D	0.01%
	RGLD	C	0.01%
	WKC	D	0.01%
	SEE	C	0.01%
	AVA	A	0.01%
	DBX	B	0.01%
	FR	C	0.01%
	ANDE	D	0.01%
	SLVM	B	0.01%
	NJR	A	0.01%
	ATGE	B	0.01%
	PPBI	B	0.01%
	TKR	D	0.01%
	HLI	B	0.01%
	WWW	B	0.01%
	MLKN	D	0.01%
	MTN	C	0.01%
	VAC	B	0.01%
	COLM	B	0.01%
	VBTX	B	0.01%
	EXEL	B	0.01%
	MIDD	C	0.01%
	HOPE	B	0.01%
	ST	F	0.01%
	SPNT	A	0.01%
	AORT	B	0.0%
	NPK	B	0.0%
	WOLF	F	0.0%
	XPEL	C	0.0%
	NARI	C	0.0%
	LESL	C	0.0%
	AGYS	A	0.0%
	VCEL	B	0.0%
	PGNY	F	0.0%
	GOGO	C	0.0%
	MSEX	B	0.0%
	EMBC	C	0.0%
	STAA	F	0.0%
	PCRX	C	0.0%
	TNDM	F	0.0%
	CELH	F	0.0%
	RGNX	F	0.0%
	CLB	B	0.0%
	CERT	F	0.0%
	ARWR	F	0.0%
	SEDG	F	0.0%
	NABL	F	0.0%
	COHU	C	0.0%
	TTGT	C	0.0%
	ELF	C	0.0%
	CRSR	C	0.0%
	SSTK	F	0.0%
	HCI	C	0.0%
	JBSS	D	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	B	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	B	0.0%
	IIIN	C	0.0%
	SLAB	D	0.0%
	AHH	D	0.0%
	MGPI	F	0.0%
	THRY	F	0.0%
	WING	D	0.0%
	CARS	B	0.0%
	WT	B	0.0%
	DV	C	0.0%
	IRWD	F	0.0%
	VECO	F	0.0%
	CTS	C	0.0%
	EPAC	B	0.0%
	WSR	A	0.0%
	ASTE	B	0.0%
	CPRX	C	0.0%
	CENT	C	0.0%
	RGR	F	0.0%
	JACK	D	0.0%
	HRMY	D	0.0%
	PZZA	D	0.0%
	TRUP	B	0.0%
	THRM	D	0.0%
	TNC	D	0.0%
	PEN	B	0.0%
	VICR	B	0.0%
	USNA	C	0.0%
	SXI	B	0.0%
	SPSC	C	0.0%
	PRLB	A	0.0%
	YETI	C	0.0%
	XNCR	B	0.0%
	LNN	B	0.0%
	MTUS	C	0.0%
	PRVA	B	0.0%
	POWI	D	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	D	0.0%
	EXTR	B	0.0%
	AMPH	D	0.0%
	CALX	D	0.0%
	HTLD	B	0.0%
	ALG	B	0.0%
	ASTH	D	0.0%
	UFPT	B	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	D	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	C	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	B	0.0%
	HLIT	D	0.0%
	VIAV	B	0.0%
	FTRE	D	0.0%
	WABC	B	0.0%
	BSIG	A	0.0%
	CXT	B	0.0%
	FOXF	F	0.0%
	BGS	F	0.0%
	NX	C	0.0%
	RAMP	C	0.0%
	AMSF	B	0.0%
	HZO	D	0.0%
	SVC	F	0.0%
	NVRI	F	0.0%
	ETD	C	0.0%
	MRTN	C	0.0%
	HAYN	C	0.0%
	MANH	D	0.0%
	TWI	F	0.0%
	VRRM	D	0.0%
	FBRT	C	0.0%
	AIR	B	0.0%
	CNSL	C	0.0%
	PLMR	B	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	C	0.0%
	PRGS	A	0.0%
	SMTC	B	0.0%
	HAYW	B	0.0%
	CRVL	A	0.0%
	ADUS	D	0.0%
	FIVE	F	0.0%
	LKFN	B	0.0%
	DXPE	B	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	C	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	D	0.0%
	HELE	C	0.0%
	SUPN	C	0.0%
	IART	C	0.0%
	FORM	D	0.0%
	ALEX	C	0.0%
	SCL	C	0.0%
	MODG	F	0.0%
	MSA	D	0.0%
	UNIT	B	0.0%
	CAL	D	0.0%

VLU Underweight 5 Positions Relative to VOO

	Symbol	Grade	Weight
	KKR	A	-0.19%
	GEV	B	-0.17%
	PLTR	B	-0.17%
	CRWD	B	-0.14%
	DELL	C	-0.07%

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

VOO: 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