VLU vs. VSLU ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Applied Finance Valuation Large Cap ETF (VSLU)

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

$172.59

Average Daily Volume

6,009

Number of Holdings ^*

1436

* may have additional holdings in another (foreign) market

VSLU

Applied Finance Valuation Large Cap ETF

VSLU Description

ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Applied Finance Advisors, LLC and Toroso Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.30

Average Daily Volume

38,374

Number of Holdings ^*

303

* may have additional holdings in another (foreign) market

Performance

Period	VLU	VSLU
30 Days	-0.49%	4.47%
60 Days	2.67%	10.39%
90 Days	-0.07%	5.52%
12 Months	20.52%	27.82%

303 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in VSLU	Overlap
A	C	0.03%	0.1%	0.03%
AAPL	B	2.4%	8.09%	2.4%
ABBV	B	0.43%	1.93%	0.43%
ABT	C	0.24%	0.33%	0.24%
ACGL	A	0.13%	0.08%	0.08%
ACN	C	0.27%	0.84%	0.27%
ADBE	C	0.19%	0.91%	0.19%
ADI	B	0.15%	0.2%	0.15%
ADM	C	0.3%	0.09%	0.09%
ADP	B	0.08%	0.22%	0.08%
ADSK	B	0.03%	0.09%	0.03%
AFL	A	0.19%	0.1%	0.1%
AIZ	D	0.04%	0.0%	0.0%
ALLE	D	0.01%	0.04%	0.01%
AMAT	B	0.17%	0.85%	0.17%
AMCR	B	0.06%	0.04%	0.04%
AMT	B	0.14%	0.3%	0.14%
AMZN	A	1.98%	3.5%	1.98%
ANET	B	0.07%	0.14%	0.07%
AON	C	0.06%	0.64%	0.06%
AOS	C	0.02%	0.01%	0.01%
APA	F	0.06%	0.05%	0.05%
APH	B	0.07%	0.13%	0.07%
ATO	B	0.06%	0.02%	0.02%
AVB	A	0.07%	0.0%	0.0%
AVGO	B	0.48%	3.8%	0.48%
AVY	A	0.03%	0.03%	0.03%
AZO	C	0.07%	0.42%	0.07%
BALL	D	0.05%	0.04%	0.04%
BBWI	D	0.03%	0.04%	0.03%
BBY	B	0.17%	0.06%	0.06%
BG	C	0.14%	0.06%	0.06%
BIO	D	0.02%	0.01%	0.01%
BKNG	A	0.11%	0.65%	0.11%
BLDR	F	0.04%	0.13%	0.04%
BMY	D	0.29%	0.64%	0.29%
BR	B	0.02%	0.02%	0.02%
BWA	F	0.07%	0.03%	0.03%
CAG	D	0.07%	0.0%	0.0%
CAH	B	0.24%	0.05%	0.05%
CAT	C	0.23%	0.41%	0.23%
CB	B	0.37%	0.13%	0.13%
CBOE	C	0.03%	0.07%	0.03%
CCI	D	0.1%	0.08%	0.08%
CCL	C	0.15%	0.03%	0.03%
CDNS	B	0.03%	0.08%	0.03%
CDW	C	0.04%	0.2%	0.04%
CE	D	0.05%	0.02%	0.02%
CF	D	0.06%	0.05%	0.05%
CHD	A	0.03%	0.06%	0.03%
CHRW	B	0.05%	0.02%	0.02%
CHTR	C	0.26%	0.21%	0.21%
CI	C	0.4%	0.09%	0.09%
CMA	C	0.06%	0.01%	0.01%
CMCSA	D	0.6%	0.21%	0.21%
CMI	C	0.12%	0.11%	0.11%
CNC	D	0.34%	0.04%	0.04%
COP	D	0.44%	0.28%	0.28%
CPAY	D	0.03%	0.18%	0.03%
CPB	C	0.05%	0.01%	0.01%
CPT	A	0.04%	0.01%	0.01%
CRM	D	0.21%	0.18%	0.18%
CSCO	C	0.45%	0.63%	0.45%
CSX	D	0.11%	0.2%	0.11%
CTAS	A	0.04%	0.1%	0.04%
CTRA	D	0.07%	0.05%	0.05%
CTSH	C	0.1%	0.07%	0.07%
CTVA	C	0.08%	0.02%	0.02%
CVX	C	1.45%	0.59%	0.59%
CZR	C	0.03%	0.01%	0.01%
DAL	D	0.3%	0.09%	0.09%
DECK	B	0.02%	0.03%	0.02%
DG	D	0.09%	0.14%	0.09%
DHI	C	0.1%	0.18%	0.1%
DHR	B	0.13%	0.08%	0.08%
DLTR	F	0.07%	0.07%	0.07%
DOC	B	0.05%	0.04%	0.04%
DOV	B	0.04%	0.07%	0.04%
DOW	D	0.21%	0.02%	0.02%
DPZ	B	0.01%	0.16%	0.01%
DRI	C	0.04%	0.02%	0.02%
DVA	B	0.07%	0.07%	0.07%
DVN	D	0.16%	0.08%	0.08%
EA	B	0.05%	0.06%	0.05%
EBAY	A	0.09%	0.06%	0.06%
ED	D	0.13%	0.03%	0.03%
EFX	B	0.02%	0.06%	0.02%
ELV	B	0.43%	0.13%	0.13%
EMN	B	0.05%	0.01%	0.01%
ENPH	D	0.02%	0.02%	0.02%
EOG	C	0.24%	0.16%	0.16%
EPAM	D	0.01%	0.0%	0.0%
EQR	A	0.08%	0.02%	0.02%
ESS	B	0.04%	0.0%	0.0%
ETN	D	0.12%	0.06%	0.06%
ETSY	F	0.01%	0.03%	0.01%
EW	B	0.05%	0.13%	0.05%
EXPD	B	0.04%	0.02%	0.02%
EXPE	B	0.04%	0.05%	0.04%
FANG	C	0.12%	0.1%	0.1%
FCX	C	0.1%	0.15%	0.1%
FDS	C	0.01%	0.06%	0.01%
FDX	C	0.24%	0.06%	0.06%
FFIV	D	0.02%	0.0%	0.0%
FICO	A	0.01%	0.19%	0.01%
FIS	B	0.11%	0.11%	0.11%
FOXA	A	0.08%	0.07%	0.07%
FRT	C	0.01%	0.02%	0.01%
FTNT	F	0.03%	0.07%	0.03%
GD	A	0.21%	0.12%	0.12%
GEHC	C	0.03%	0.07%	0.03%
GILD	C	0.27%	0.62%	0.27%
GIS	C	0.12%	0.1%	0.1%
GL	C	0.02%	0.02%	0.02%
GLW	A	0.1%	0.06%	0.06%
GM	B	0.52%	0.2%	0.2%
GNRC	D	0.02%	0.02%	0.02%
GOOGL	A	0.81%	6.13%	0.81%
GPC	D	0.06%	0.07%	0.06%
GRMN	B	0.06%	0.06%	0.06%
GWW	C	0.05%	0.11%	0.05%
HAL	D	0.09%	0.06%	0.06%
HAS	B	0.03%	0.07%	0.03%
HCA	A	0.21%	0.33%	0.21%
HD	B	0.5%	1.05%	0.5%
HIG	A	0.13%	0.04%	0.04%
HII	D	0.03%	0.0%	0.0%
HLT	A	0.02%	0.46%	0.02%
HOLX	C	0.02%	0.03%	0.02%
HON	A	0.23%	0.26%	0.23%
HPE	B	0.27%	0.06%	0.06%
HPQ	B	0.3%	0.25%	0.25%
HRL	D	0.08%	0.01%	0.01%
HST	C	0.04%	0.02%	0.02%
HSY	F	0.06%	0.14%	0.06%
HUM	C	0.23%	0.05%	0.05%
IBM	C	0.38%	0.22%	0.22%
IDXX	D	0.03%	0.12%	0.03%
IEX	D	0.01%	0.0%	0.0%
INCY	B	0.03%	0.07%	0.03%
IP	A	0.15%	0.05%	0.05%
IPG	F	0.04%	0.04%	0.04%
IQV	D	0.05%	0.31%	0.05%
IR	B	0.02%	0.08%	0.02%
IT	C	0.03%	0.22%	0.03%
ITW	D	0.09%	0.15%	0.09%
J	C	0.04%	0.04%	0.04%
JBHT	F	0.03%	0.03%	0.03%
JBL	F	0.06%	0.02%	0.02%
JCI	B	0.15%	0.06%	0.06%
JKHY	C	0.01%	0.02%	0.01%
JNJ	C	0.81%	1.84%	0.81%
JNPR	B	0.02%	0.01%	0.01%
JPM	B	1.37%	0.6%	0.6%
K	D	0.06%	0.04%	0.04%
KDP	A	0.12%	0.09%	0.09%
KEYS	D	0.03%	0.05%	0.03%
KHC	D	0.25%	0.08%	0.08%
KIM	B	0.03%	0.01%	0.01%
KLAC	B	0.07%	0.7%	0.07%
KMI	A	0.36%	0.04%	0.04%
KMX	C	0.05%	0.01%	0.01%
KO	A	0.41%	0.58%	0.41%
KR	D	0.33%	0.09%	0.09%
KVUE	D	0.19%	0.09%	0.09%
LDOS	B	0.05%	0.09%	0.05%
LEN	D	0.13%	0.06%	0.06%
LMT	A	0.31%	0.33%	0.31%
LOW	C	0.22%	0.59%	0.22%
LRCX	B	0.12%	0.56%	0.12%
LULU	F	0.03%	0.09%	0.03%
LUV	B	0.16%	0.01%	0.01%
LYB	D	0.23%	0.07%	0.07%
MA	C	0.13%	4.72%	0.13%
MAA	B	0.04%	0.02%	0.02%
MAR	B	0.09%	0.33%	0.09%
MAS	D	0.03%	0.08%	0.03%
MCD	D	0.14%	0.49%	0.14%
MCHP	C	0.07%	0.25%	0.07%
MCK	A	0.43%	0.65%	0.43%
MCO	A	0.04%	0.24%	0.04%
MDLZ	D	0.21%	0.19%	0.19%
MDT	C	0.33%	0.13%	0.13%
MET	C	0.41%	0.13%	0.13%
META	B	1.68%	4.05%	1.68%
MGM	C	0.06%	0.02%	0.02%
MHK	D	0.06%	0.01%	0.01%
MKC	D	0.04%	0.02%	0.02%
MLM	D	0.03%	0.03%	0.03%
MMC	A	0.12%	0.22%	0.12%
MMM	B	0.23%	0.19%	0.19%
MNST	F	0.05%	0.11%	0.05%
MO	A	0.33%	0.23%	0.23%
MOH	F	0.04%	0.05%	0.04%
MOS	F	0.08%	0.04%	0.04%
MPC	C	0.6%	0.3%	0.3%
MRK	A	0.44%	2.35%	0.44%
MRO	B	0.09%	0.04%	0.04%
MS	B	0.51%	0.03%	0.03%
MSFT	A	1.67%	5.95%	1.67%
MSI	A	0.04%	0.14%	0.04%
MTCH	F	0.01%	0.06%	0.01%
MTD	B	0.02%	0.24%	0.02%
NFLX	A	0.18%	0.24%	0.18%
NKE	C	0.16%	0.24%	0.16%
NOC	D	0.14%	0.11%	0.11%
NRG	B	0.06%	0.06%	0.06%
NTAP	B	0.04%	0.06%	0.04%
NTRS	C	0.07%	0.01%	0.01%
NUE	D	0.13%	0.1%	0.1%
NVDA	B	0.38%	8.99%	0.38%
NVR	C	0.05%	0.14%	0.05%
NXPI	B	0.09%	0.17%	0.09%
ODFL	D	0.03%	0.04%	0.03%
OMC	C	0.06%	0.12%	0.06%
ON	D	0.05%	0.11%	0.05%
ORLY	B	0.07%	0.54%	0.07%
OTIS	C	0.04%	0.26%	0.04%
PAYC	F	0.0%	0.01%	0.0%
PAYX	A	0.05%	0.06%	0.05%
PEG	B	0.13%	0.03%	0.03%
PEP	C	0.38%	0.42%	0.38%
PFG	C	0.16%	0.02%	0.02%
PG	A	0.53%	0.74%	0.53%
PH	D	0.08%	0.07%	0.07%
PHM	D	0.06%	0.14%	0.06%
PKG	B	0.04%	0.02%	0.02%
PM	B	0.49%	0.61%	0.49%
PNC	C	0.34%	0.04%	0.04%
PNR	C	0.02%	0.05%	0.02%
PODD	B	0.0%	0.03%	0.0%
POOL	D	0.01%	0.02%	0.01%
PPG	D	0.07%	0.04%	0.04%
PSA	B	0.07%	0.07%	0.07%
PSX	C	0.55%	0.18%	0.18%
PYPL	D	0.15%	0.2%	0.15%
QCOM	B	0.34%	0.45%	0.34%
QRVO	B	0.03%	0.01%	0.01%
RCL	B	0.06%	0.09%	0.06%
REGN	A	0.15%	0.27%	0.15%
RF	C	0.1%	0.04%	0.04%
RHI	D	0.02%	0.02%	0.02%
RL	B	0.03%	0.0%	0.0%
ROK	F	0.04%	0.04%	0.04%
ROL	A	0.01%	0.02%	0.01%
ROP	A	0.06%	0.16%	0.06%
RTX	B	0.43%	0.15%	0.15%
SHW	C	0.05%	0.3%	0.05%
SJM	F	0.05%	0.02%	0.02%
SNA	D	0.03%	0.04%	0.03%
SNPS	B	0.06%	0.08%	0.06%
SPG	B	0.06%	0.16%	0.06%
SPGI	B	0.11%	0.28%	0.11%
STE	C	0.02%	0.01%	0.01%
STLD	C	0.08%	0.08%	0.08%
STZ	B	0.06%	0.13%	0.06%
SWKS	B	0.05%	0.04%	0.04%
SYK	B	0.09%	0.29%	0.09%
T	A	1.22%	0.23%	0.23%
TDG	B	0.02%	0.16%	0.02%
TDY	D	0.03%	0.0%	0.0%
TEL	A	0.11%	0.04%	0.04%
TER	B	0.02%	0.03%	0.02%
TGT	C	0.23%	0.13%	0.13%
TMO	D	0.18%	0.64%	0.18%
TMUS	B	0.38%	0.49%	0.38%
TPR	C	0.03%	0.03%	0.03%
TRGP	B	0.06%	0.06%	0.06%
TROW	B	0.08%	0.03%	0.03%
TRV	C	0.16%	0.03%	0.03%
TSCO	B	0.04%	0.07%	0.04%
TT	B	0.08%	0.14%	0.08%
TXN	B	0.25%	0.52%	0.25%
TXT	C	0.04%	0.01%	0.01%
TYL	B	0.02%	0.02%	0.02%
UAL	D	0.15%	0.07%	0.07%
UDR	B	0.03%	0.02%	0.02%
UHS	A	0.05%	0.02%	0.02%
ULTA	F	0.03%	0.06%	0.03%
UNH	D	1.03%	0.92%	0.92%
UNP	D	0.23%	0.36%	0.23%
UPS	D	0.4%	0.09%	0.09%
URI	C	0.06%	0.12%	0.06%
USB	C	0.33%	0.03%	0.03%
V	C	0.41%	3.1%	0.41%
VLO	D	0.48%	0.28%	0.28%
VLTO	B	0.02%	0.14%	0.02%
VRSK	A	0.01%	0.04%	0.01%
VRSN	C	0.02%	0.13%	0.02%
VRTX	B	0.11%	0.35%	0.11%
VTR	A	0.07%	0.03%	0.03%
VTRS	D	0.11%	0.03%	0.03%
VZ	B	1.59%	0.38%	0.38%
WAB	C	0.04%	0.1%	0.04%
WMT	A	1.58%	1.15%	1.15%
WRB	C	0.05%	0.04%	0.04%
WTW	B	0.06%	0.0%	0.0%
WY	D	0.07%	0.02%	0.02%
XOM	D	2.04%	0.97%	0.97%
XYL	B	0.03%	0.02%	0.02%
YUM	D	0.04%	0.25%	0.04%
ZBH	F	0.05%	0.02%	0.02%
ZTS	C	0.05%	0.24%	0.05%

VLU Overweight 1133 Positions Relative to VSLU

Symbol	Grade	Weight
BRK.A	C	2.3%
BAC	B	1.51%
GOOG	A	1.33%
WFC	C	1.16%
C	D	1.09%
PFE	C	0.85%
CVS	C	0.73%
GS	B	0.51%
COF	D	0.49%
TFC	C	0.46%
INTC	F	0.45%
F	D	0.43%
TSLA	C	0.4%
ORCL	B	0.39%
PRU	B	0.39%
NEE	B	0.35%
AXP	C	0.32%
DUK	C	0.32%
DIS	C	0.31%
COST	B	0.3%
SO	B	0.29%
AIG	C	0.28%
AMGN	B	0.27%
GE	B	0.27%
SCHW	C	0.26%
LLY	B	0.25%
BK	B	0.24%
D	D	0.23%
MU	B	0.23%
DE	D	0.23%
OXY	D	0.22%
LIN	B	0.2%
DD	B	0.19%
EXC	D	0.19%
BLK	B	0.18%
TJX	A	0.17%
PGR	C	0.17%
BA	D	0.17%
SYF	B	0.17%
WMB	B	0.16%
AEP	C	0.16%
SRE	B	0.16%
WBD	F	0.15%
TSN	C	0.15%
NEM	B	0.15%
EMR	C	0.15%
AMD	B	0.15%
SLB	D	0.15%
CFG	C	0.15%
APD	B	0.14%
PLD	C	0.14%
ALL	D	0.14%
SBUX	D	0.13%
RGA	B	0.13%
PCAR	D	0.13%
DFS	B	0.13%
L	C	0.13%
MTB	C	0.13%
KMB	A	0.12%
NSC	D	0.12%
PCG	C	0.12%
STT	D	0.12%
KEY	D	0.12%
WRK	C	0.12%
XEL	D	0.12%
ETR	D	0.12%
SYY	C	0.12%
AMP	A	0.11%
CL	A	0.11%
O	C	0.11%
BSX	A	0.11%
WBA	D	0.11%
OVV	D	0.11%
BIIB	C	0.11%
OKE	C	0.11%
BDX	C	0.1%
WELL	B	0.1%
CHRD	D	0.1%
LHX	A	0.1%
HBAN	C	0.1%
BKR	C	0.1%
CME	D	0.1%
PFGC	D	0.1%
SNX	B	0.1%
FITB	C	0.1%
WM	C	0.1%
ALLY	B	0.1%
ICE	A	0.1%
BX	C	0.1%
PPL	C	0.09%
EQT	D	0.09%
UBER	C	0.09%
TAP	F	0.09%
CHK	D	0.09%
EG	B	0.09%
VICI	D	0.09%
RSG	B	0.09%
ISRG	A	0.09%
DTE	C	0.09%
EIX	D	0.09%
ABNB	C	0.08%
AEE	D	0.08%
DINO	D	0.08%
CARR	B	0.08%
AFG	C	0.08%
X	F	0.08%
CNP	A	0.08%
ES	D	0.08%
WEC	D	0.08%
UNM	C	0.08%
LAD	F	0.07%
USFD	B	0.07%
HES	D	0.07%
EVRG	D	0.07%
ROST	A	0.07%
FE	D	0.07%
LVS	C	0.07%
APTV	D	0.07%
EQH	A	0.07%
FNF	C	0.07%
AAL	F	0.07%
EQIX	C	0.07%
SWN	D	0.07%
VST	C	0.07%
GPN	F	0.06%
THC	B	0.06%
ZION	D	0.06%
CIVI	D	0.06%
AWK	B	0.06%
BAX	D	0.06%
IFF	B	0.06%
INTU	C	0.06%
EL	F	0.06%
CINF	C	0.06%
PANW	B	0.06%
WDC	B	0.06%
LEA	F	0.06%
MRNA	C	0.06%
IVZ	C	0.06%
CBRE	B	0.06%
BEN	D	0.06%
ARW	C	0.06%
AL	C	0.05%
AVT	B	0.05%
WLK	D	0.05%
WHR	D	0.05%
PNW	C	0.05%
M	D	0.05%
EXR	A	0.05%
JXN	B	0.05%
NI	B	0.05%
STX	B	0.05%
ALB	F	0.05%
ECL	A	0.05%
ARMK	A	0.05%
ABG	B	0.05%
NDAQ	C	0.05%
BXP	C	0.05%
OGN	B	0.05%
RNR	B	0.05%
ALK	C	0.05%
OC	B	0.05%
WPC	D	0.05%
COOP	B	0.05%
R	C	0.05%
LNC	B	0.05%
RS	D	0.05%
AR	C	0.05%
NOW	C	0.05%
DGX	B	0.05%
RJF	C	0.05%
AES	C	0.05%
GPS	C	0.05%
MUR	D	0.05%
SWK	D	0.05%
CMS	D	0.05%
ARE	C	0.05%
AJG	A	0.05%
STWD	C	0.05%
CMG	B	0.05%
FAST	C	0.04%
SANM	B	0.04%
WSO	B	0.04%
AAP	C	0.04%
AME	D	0.04%
IRM	A	0.04%
COLB	F	0.04%
BJ	B	0.04%
CPRT	C	0.04%
MUSA	A	0.04%
LKQ	F	0.04%
LNT	C	0.04%
DLR	B	0.04%
BERY	B	0.04%
GPI	C	0.04%
PWR	B	0.04%
OZK	D	0.04%
FOX	A	0.04%
WCC	D	0.04%
VNO	C	0.04%
FSLR	C	0.04%
GLPI	B	0.04%
VOYA	B	0.04%
WU	C	0.04%
DKS	B	0.04%
AN	C	0.04%
JLL	B	0.04%
EWBC	C	0.04%
JHG	B	0.04%
TOL	D	0.04%
CEG	B	0.04%
VFC	C	0.04%
JEF	B	0.04%
ORI	C	0.04%
AMKR	B	0.04%
INVH	A	0.04%
UGI	D	0.04%
PARA	F	0.04%
IBKR	B	0.04%
FHN	C	0.04%
PBF	F	0.04%
BURL	A	0.03%
EME	B	0.03%
FNB	C	0.03%
CLH	A	0.03%
BHF	D	0.03%
RDN	C	0.03%
PENN	C	0.03%
GDDY	B	0.03%
WFRD	C	0.03%
CNXC	C	0.03%
HOG	D	0.03%
NWL	F	0.03%
ALGN	F	0.03%
NNN	B	0.03%
CSGP	F	0.03%
URBN	B	0.03%
FLR	A	0.03%
AMH	C	0.03%
NXST	C	0.03%
THO	F	0.03%
PAG	D	0.03%
PR	D	0.03%
ARCH	D	0.03%
CSL	B	0.03%
NFG	C	0.03%
OGE	B	0.03%
HUBB	C	0.03%
ONB	C	0.03%
XPO	D	0.03%
MDU	B	0.03%
POST	C	0.03%
CNO	C	0.03%
ALV	D	0.03%
KNX	C	0.03%
GNW	D	0.03%
HIW	B	0.03%
SMCI	B	0.03%
SF	B	0.03%
FMC	D	0.03%
MTDR	D	0.03%
CLX	D	0.03%
ASB	D	0.03%
WTRG	C	0.03%
VLY	F	0.03%
GPK	D	0.03%
APLE	D	0.03%
WSM	C	0.03%
BXMT	C	0.03%
NOV	D	0.03%
MPW	C	0.03%
AKAM	F	0.03%
PK	D	0.03%
HSIC	D	0.03%
SNV	C	0.03%
FAF	D	0.03%
SM	C	0.03%
ABM	A	0.03%
CLF	F	0.03%
FYBR	B	0.03%
SON	D	0.03%
HP	F	0.03%
INGR	C	0.03%
HWM	B	0.03%
WBS	D	0.03%
LYV	C	0.03%
CCK	D	0.03%
OGS	F	0.03%
DXC	D	0.03%
CACI	A	0.03%
NWSA	B	0.03%
KD	B	0.03%
TMHC	D	0.03%
NOG	D	0.03%
CMC	C	0.03%
VMC	D	0.03%
GT	F	0.03%
OHI	A	0.03%
MAN	D	0.03%
SKX	B	0.03%
BRO	A	0.03%
UTHR	A	0.03%
BKH	C	0.03%
CASY	B	0.03%
RRC	D	0.03%
CNX	C	0.03%
HCC	D	0.03%
FTV	D	0.03%
REG	B	0.03%
KRC	F	0.03%
AGCO	F	0.03%
STAG	C	0.02%
ERIE	C	0.02%
CRL	D	0.02%
FLS	C	0.02%
JBGS	C	0.02%
GATX	B	0.02%
SEIC	C	0.02%
RNST	D	0.02%
DAN	F	0.02%
TXRH	A	0.02%
VAC	F	0.02%
SLG	B	0.02%
TNL	C	0.02%
BANR	B	0.02%
KBR	C	0.02%
MIDD	D	0.02%
CIEN	C	0.02%
TTEK	B	0.02%
CABO	D	0.02%
SLM	C	0.02%
ENS	B	0.02%
VAL	B	0.02%
ELS	C	0.02%
MGY	C	0.02%
REZI	D	0.02%
RRX	F	0.02%
CRUS	B	0.02%
AXTA	B	0.02%
IBTX	B	0.02%
EEFT	C	0.02%
GNTX	D	0.02%
SEE	C	0.02%
COLM	B	0.02%
ANDE	D	0.02%
PFS	D	0.02%
REXR	C	0.02%
EVR	B	0.02%
LW	C	0.02%
BHE	B	0.02%
MTN	D	0.02%
GEO	D	0.02%
OI	F	0.02%
PSTG	B	0.02%
KAR	D	0.02%
DXCM	C	0.02%
POR	D	0.02%
PEB	D	0.02%
ASO	D	0.02%
LBRT	D	0.02%
WIRE	B	0.02%
EAT	B	0.02%
PNM	D	0.02%
WOR	F	0.02%
CBT	C	0.02%
MMS	B	0.02%
BANC	D	0.02%
NDSN	D	0.02%
GEF	F	0.02%
SIGI	F	0.02%
SBAC	D	0.02%
FHB	C	0.02%
VVV	C	0.02%
WAFD	D	0.02%
ATI	D	0.02%
WAT	D	0.02%
BCC	D	0.02%
LII	A	0.02%
VSH	F	0.02%
MSM	F	0.02%
MATX	B	0.02%
GBX	D	0.02%
PTEN	F	0.02%
MLKN	D	0.02%
GXO	F	0.02%
AGO	C	0.02%
SR	D	0.02%
PRI	B	0.02%
TCBI	D	0.02%
G	D	0.02%
NATL	B	0.02%
CRC	D	0.02%
TKR	D	0.02%
HBI	C	0.02%
FLO	D	0.02%
CW	B	0.02%
BC	F	0.02%
THG	D	0.02%
TDS	C	0.02%
CBSH	C	0.02%
SKYW	B	0.02%
SBRA	A	0.02%
ASH	C	0.02%
PRG	C	0.02%
BLD	C	0.02%
SAIC	D	0.02%
PTC	C	0.02%
JBLU	D	0.02%
IBOC	C	0.02%
AVNT	C	0.02%
SFM	B	0.02%
FFBC	D	0.02%
ADC	B	0.02%
COKE	B	0.02%
SSB	D	0.02%
ENVA	C	0.02%
AMR	F	0.02%
TTWO	B	0.02%
SNEX	C	0.02%
CWK	B	0.02%
CC	F	0.02%
SATS	C	0.02%
SLGN	D	0.02%
PRGO	F	0.02%
TRMB	C	0.02%
SFNC	D	0.02%
CFR	D	0.02%
TPH	D	0.02%
ALE	B	0.02%
AIRC	A	0.02%
PDCO	D	0.02%
CNK	B	0.02%
WTFC	C	0.02%
EHC	B	0.02%
UBSI	D	0.02%
COTY	D	0.02%
PNFP	D	0.02%
CWEN	B	0.02%
ST	D	0.02%
BRX	B	0.02%
ZBRA	D	0.02%
RPM	B	0.02%
AM	B	0.02%
WYNN	D	0.02%
ESNT	B	0.02%
MTH	D	0.02%
WWD	B	0.02%
DTM	A	0.02%
FL	B	0.02%
CG	C	0.02%
SWX	D	0.02%
NVT	B	0.02%
CADE	C	0.02%
KBH	B	0.02%
NYCB	F	0.02%
CAR	D	0.02%
LNW	B	0.02%
AMG	C	0.02%
BKU	C	0.02%
ADNT	F	0.02%
KEX	B	0.02%
UFPI	C	0.02%
LAMR	B	0.02%
SEM	B	0.02%
SIG	D	0.02%
JWN	B	0.02%
CUZ	C	0.02%
MLI	C	0.02%
CROX	B	0.02%
KSS	D	0.02%
COHR	B	0.02%
PII	F	0.02%
CALM	D	0.02%
SCI	B	0.02%
DAR	F	0.02%
GME	C	0.02%
H	C	0.02%
ILMN	F	0.02%
PVH	C	0.02%
BTU	D	0.02%
NSIT	B	0.02%
CUBE	B	0.02%
MTG	B	0.02%
TRN	B	0.02%
HWC	D	0.02%
ANSS	C	0.02%
OSK	C	0.02%
MTZ	B	0.02%
ETRN	C	0.02%
TGNA	D	0.02%
PB	D	0.02%
RMD	C	0.02%
DEI	C	0.02%
HRB	A	0.02%
CEIX	C	0.02%
JAZZ	F	0.02%
OLN	D	0.02%
CR	B	0.02%
GHC	D	0.02%
NCLH	C	0.02%
CATY	C	0.02%
ACM	C	0.02%
ABR	B	0.02%
AA	B	0.02%
APOG	D	0.01%
VRRM	B	0.01%
AWR	D	0.01%
LTC	B	0.01%
SEDG	F	0.01%
AMBC	F	0.01%
SVC	D	0.01%
MYGN	B	0.01%
TBBK	C	0.01%
ESE	D	0.01%
TECH	C	0.01%
ESAB	C	0.01%
RDNT	B	0.01%
RMBS	F	0.01%
CHCO	C	0.01%
EZPW	D	0.01%
SCHL	D	0.01%
UFCS	D	0.01%
NVRI	B	0.01%
AZTA	B	0.01%
NEOG	C	0.01%
AMWD	F	0.01%
CUBI	D	0.01%
CHH	C	0.01%
ZI	F	0.01%
ROCK	D	0.01%
KNF	D	0.01%
ROG	C	0.01%
SAFT	C	0.01%
EGBN	D	0.01%
HCSG	F	0.01%
PLAY	F	0.01%
VRTS	C	0.01%
BGS	F	0.01%
CHE	D	0.01%
CPF	C	0.01%
BRKR	D	0.01%
GTY	D	0.01%
ALGT	F	0.01%
CASH	B	0.01%
MSA	C	0.01%
SBCF	F	0.01%
AEIS	B	0.01%
CHEF	B	0.01%
GES	F	0.01%
CPK	D	0.01%
SKT	D	0.01%
XHR	D	0.01%
MATV	C	0.01%
AZZ	C	0.01%
CAKE	B	0.01%
TRIP	F	0.01%
NHC	A	0.01%
BKE	C	0.01%
HAIN	C	0.01%
RCM	B	0.01%
CWT	D	0.01%
MMSI	B	0.01%
EXP	D	0.01%
RGEN	F	0.01%
RES	F	0.01%
MC	D	0.01%
AWI	C	0.01%
DOCS	C	0.01%
BHLB	D	0.01%
DRH	D	0.01%
JBT	C	0.01%
AIN	D	0.01%
EIG	C	0.01%
EFC	B	0.01%
EXLS	C	0.01%
FWRD	D	0.01%
GFF	D	0.01%
CARG	B	0.01%
OUT	D	0.01%
VC	D	0.01%
CAL	C	0.01%
SCL	D	0.01%
DCOM	D	0.01%
HAE	D	0.01%
FTDR	B	0.01%
FSS	D	0.01%
BLMN	F	0.01%
MGEE	D	0.01%
FIVE	F	0.01%
PLUS	D	0.01%
NGVT	F	0.01%
PJT	B	0.01%
TPX	D	0.01%
CBU	D	0.01%
FCPT	B	0.01%
DAY	F	0.01%
HPP	D	0.01%
HIBB	A	0.01%
ICUI	B	0.01%
MNRO	F	0.01%
WRLD	F	0.01%
HLX	C	0.01%
BRBR	D	0.01%
DORM	B	0.01%
FIZZ	B	0.01%
CVCO	C	0.01%
GO	D	0.01%
ENR	C	0.01%
OII	D	0.01%
NSP	D	0.01%
ACLS	B	0.01%
ALKS	C	0.01%
DNOW	D	0.01%
ZD	C	0.01%
SBH	F	0.01%
SMPL	B	0.01%
THS	D	0.01%
BDC	B	0.01%
NBR	D	0.01%
PLAB	F	0.01%
MORN	C	0.01%
SFBS	D	0.01%
JJSF	B	0.01%
VIR	D	0.01%
AMN	F	0.01%
HQY	B	0.01%
DEA	B	0.01%
FBK	C	0.01%
STC	C	0.01%
NOVT	B	0.01%
EPRT	B	0.01%
OSIS	D	0.01%
EPC	B	0.01%
TDC	D	0.01%
KN	B	0.01%
IPGP	F	0.01%
HALO	B	0.01%
SHO	D	0.01%
YELP	F	0.01%
WST	D	0.01%
RYN	C	0.01%
AMED	F	0.01%
FELE	C	0.01%
UE	A	0.01%
AKR	B	0.01%
KWR	F	0.01%
SGH	B	0.01%
AOSL	B	0.01%
LGIH	F	0.01%
BCPC	B	0.01%
POWL	C	0.01%
WD	C	0.01%
MYRG	D	0.01%
EXPI	F	0.01%
IBP	D	0.01%
CLW	B	0.01%
UNF	F	0.01%
PIPR	B	0.01%
SPTN	F	0.01%
B	B	0.01%
CWEN	B	0.01%
WEN	F	0.01%
STRA	D	0.01%
OFG	C	0.01%
RXO	D	0.01%
RH	F	0.01%
LXP	B	0.01%
SYNA	D	0.01%
BOOT	B	0.01%
LANC	C	0.01%
AROC	D	0.01%
BWXT	C	0.01%
SCVL	B	0.01%
STBA	C	0.01%
HELE	F	0.01%
CVI	F	0.01%
UNFI	C	0.01%
MASI	B	0.01%
PHIN	D	0.01%
DT	F	0.01%
SXC	D	0.01%
HASI	B	0.01%
RWT	C	0.01%
KLIC	C	0.01%
PRDO	D	0.01%
CGNX	B	0.01%
VSTO	C	0.01%
HMN	D	0.01%
PBI	C	0.01%
GVA	B	0.01%
MTSI	B	0.01%
ARCB	F	0.01%
FORM	B	0.01%
KELYA	C	0.01%
GTLS	F	0.01%
PRK	B	0.01%
MEDP	B	0.01%
FFIN	D	0.01%
UCTT	B	0.01%
SSD	D	0.01%
KALU	D	0.01%
FDP	D	0.01%
ONTO	B	0.01%
IDCC	A	0.01%
NBTB	C	0.01%
MKTX	F	0.01%
AHCO	C	0.01%
IOSP	D	0.01%
KMT	D	0.01%
ENSG	B	0.01%
PINC	F	0.01%
ITGR	C	0.01%
RUN	C	0.01%
PUMP	F	0.01%
IRT	A	0.01%
PECO	C	0.01%
CRI	D	0.01%
PATK	C	0.01%
ORA	C	0.01%
CBRL	F	0.01%
BDN	D	0.01%
WERN	F	0.01%
WGO	F	0.01%
ENOV	F	0.01%
VNT	C	0.01%
CCOI	F	0.01%
SHOO	B	0.01%
ACIW	A	0.01%
VSAT	F	0.01%
LRN	B	0.01%
CCS	D	0.01%
SXT	B	0.01%
AXL	F	0.01%
BOH	F	0.01%
SITC	B	0.01%
CNXN	C	0.01%
SABR	F	0.01%
NPO	D	0.01%
BGC	C	0.01%
APAM	D	0.01%
AXON	C	0.01%
AVAV	C	0.01%
MODG	C	0.01%
CTRE	B	0.01%
TREX	F	0.01%
WSFS	C	0.01%
DLX	B	0.01%
WTS	D	0.01%
WS	D	0.01%
PBH	C	0.01%
BRC	B	0.01%
NWS	B	0.01%
PCH	F	0.01%
WWW	B	0.01%
FND	C	0.01%
RLI	C	0.01%
MAT	D	0.01%
LOPE	D	0.01%
SAH	C	0.01%
GRBK	B	0.01%
WH	C	0.01%
CHX	C	0.01%
CENTA	D	0.01%
CRK	C	0.01%
NYT	B	0.01%
NBIX	C	0.01%
SCSC	D	0.01%
EGP	C	0.01%
OPCH	D	0.01%
TTMI	A	0.01%
LCII	F	0.01%
FHI	D	0.01%
ECPG	D	0.01%
HGV	D	0.01%
KW	C	0.01%
INDB	F	0.01%
MTX	B	0.01%
EPR	C	0.01%
LZB	B	0.01%
NEU	D	0.01%
LITE	B	0.01%
NSA	A	0.01%
LUMN	F	0.01%
RBC	B	0.01%
OTTR	D	0.01%
ITRI	C	0.01%
SAIA	B	0.01%
KLG	F	0.01%
SMG	C	0.01%
TRMK	C	0.01%
VBTX	C	0.01%
DLB	D	0.01%
PSMT	D	0.01%
BANF	D	0.01%
HNI	B	0.01%
DIOD	B	0.01%
HI	D	0.01%
AX	C	0.01%
BYD	D	0.01%
PLXS	C	0.01%
TEX	D	0.01%
HLI	D	0.01%
INVA	B	0.01%
GBCI	D	0.01%
GIII	D	0.01%
UCBI	D	0.01%
FUL	C	0.01%
FR	D	0.01%
SLCA	B	0.01%
ATGE	B	0.01%
NVST	F	0.01%
XRAY	F	0.01%
GGG	D	0.01%
UA	C	0.01%
NWN	F	0.01%
NMIH	B	0.01%
FBP	C	0.01%
WEX	F	0.01%
MKSI	B	0.01%
IDA	D	0.01%
WMS	C	0.01%
GMS	D	0.01%
AIT	C	0.01%
OLLI	B	0.01%
DBX	D	0.01%
UAA	C	0.01%
PPBI	F	0.01%
LECO	D	0.01%
MSCI	D	0.01%
FIX	C	0.01%
AUB	D	0.01%
ACA	B	0.01%
HOPE	D	0.01%
TFX	D	0.01%
FCN	D	0.01%
AYI	D	0.01%
MCY	C	0.01%
ABCB	C	0.01%
KTB	B	0.01%
NAVI	D	0.01%
UVV	D	0.01%
SRCL	B	0.01%
ANF	B	0.01%
ACHC	D	0.01%
NWBI	C	0.01%
FN	B	0.01%
NWE	D	0.01%
MAC	D	0.01%
BCO	A	0.01%
AEO	F	0.01%
LSTR	B	0.01%
ASGN	D	0.01%
CXW	F	0.01%
OMI	D	0.01%
CNM	C	0.01%
SLVM	B	0.01%
IIPR	B	0.01%
CVBF	D	0.01%
ODP	F	0.01%
PMT	D	0.01%
ATR	B	0.01%
RGLD	C	0.01%
VSCO	F	0.01%
LPX	B	0.01%
EXEL	C	0.01%
PARR	F	0.01%
HTH	D	0.01%
GMED	B	0.01%
MHO	C	0.01%
CTLT	B	0.01%
VMI	B	0.01%
SPNT	B	0.01%
MPWR	B	0.01%
RC	D	0.01%
MOG.A	C	0.01%
VGR	B	0.01%
NJR	D	0.01%
DY	B	0.01%
CHDN	A	0.01%
LPG	C	0.01%
KFY	B	0.01%
CRS	C	0.01%
CPRI	F	0.01%
AVA	D	0.01%
GNL	D	0.01%
TTC	B	0.01%
ITT	C	0.01%
VSTS	D	0.01%
XRX	F	0.01%
RUSHA	D	0.01%
LEG	F	0.01%
LFUS	B	0.01%
DCI	D	0.01%
FULT	C	0.01%
UMBF	D	0.01%
PPC	C	0.01%
HUBG	B	0.01%
KMPR	C	0.01%
HOMB	C	0.01%
KRG	B	0.01%
TALO	D	0.01%
ARI	D	0.01%
VICR	D	0.0%
UHT	B	0.0%
NPK	D	0.0%
LNN	D	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	C	0.0%
SPWR	D	0.0%
CACC	D	0.0%
MSEX	F	0.0%
CNMD	F	0.0%
EXPO	B	0.0%
OSUR	F	0.0%
EMBC	C	0.0%
LESL	F	0.0%
VREX	F	0.0%
SNCY	D	0.0%
CLB	B	0.0%
SITM	C	0.0%
GOGO	F	0.0%
AAON	C	0.0%
LQDT	B	0.0%
CEVA	F	0.0%
TRUP	B	0.0%
HCI	D	0.0%
MED	F	0.0%
MEI	F	0.0%
TGI	B	0.0%
ATNI	D	0.0%
BMI	B	0.0%
TTEC	F	0.0%
OMCL	F	0.0%
RGP	F	0.0%
TTGT	B	0.0%
CMP	F	0.0%
RGNX	F	0.0%
NXRT	B	0.0%
DGII	D	0.0%
ARWR	C	0.0%
STAA	D	0.0%
PGNY	F	0.0%
CERT	F	0.0%
WOLF	D	0.0%
GKOS	B	0.0%
TNDM	C	0.0%
COHU	C	0.0%
CPRX	C	0.0%
CHCT	F	0.0%
NABL	A	0.0%
BJRI	B	0.0%
PCRX	C	0.0%
MRCY	F	0.0%
HVT	F	0.0%
PCTY	F	0.0%
JBSS	D	0.0%
EPAC	B	0.0%
NFBK	D	0.0%
MYE	F	0.0%
ASTE	F	0.0%
SSTK	F	0.0%
PEN	F	0.0%
ICHR	D	0.0%
ADUS	A	0.0%
AHH	C	0.0%
IPAR	F	0.0%
CYTK	D	0.0%
WSR	A	0.0%
HRMY	C	0.0%
DV	D	0.0%
PRLB	F	0.0%
HSII	B	0.0%
SXI	D	0.0%
CTS	B	0.0%
COLL	D	0.0%
VVI	D	0.0%
IIIN	D	0.0%
DIN	D	0.0%
XNCR	F	0.0%
CARS	C	0.0%
EXTR	C	0.0%
DRQ	D	0.0%
CRSR	F	0.0%
CFFN	C	0.0%
CCRN	F	0.0%
UNIT	F	0.0%
AVNS	C	0.0%
SHEN	D	0.0%
CENT	F	0.0%
FOXF	C	0.0%
CLDT	F	0.0%
MXL	C	0.0%
PZZA	F	0.0%
TMP	F	0.0%
SLAB	F	0.0%
KNSL	D	0.0%
ELF	B	0.0%
CSGS	D	0.0%
IRDM	F	0.0%
RGR	F	0.0%
WDFC	D	0.0%
CELH	F	0.0%
MCS	D	0.0%
BSIG	D	0.0%
AMPH	F	0.0%
TILE	D	0.0%
CVGW	F	0.0%
JACK	F	0.0%
NX	F	0.0%
VIAV	F	0.0%
INN	D	0.0%
GPRE	F	0.0%
AMSF	F	0.0%
TNC	C	0.0%
SPSC	B	0.0%
SMTC	D	0.0%
SJW	F	0.0%
ASIX	F	0.0%
THRY	F	0.0%
YETI	C	0.0%
ALG	F	0.0%
NUS	F	0.0%
USNA	D	0.0%
GDEN	D	0.0%
HTLD	C	0.0%
ALGM	F	0.0%
RILY	F	0.0%
IRWD	F	0.0%
ROIC	D	0.0%
SMP	D	0.0%
WABC	D	0.0%
DXPE	C	0.0%
BLKB	D	0.0%
THRM	D	0.0%
WING	B	0.0%
DFIN	D	0.0%
MGPI	F	0.0%
KOP	F	0.0%
PLMR	C	0.0%
PRGS	F	0.0%
ASTH	B	0.0%
SONO	F	0.0%
CRVL	C	0.0%
MATW	F	0.0%
QLYS	D	0.0%
HFWA	F	0.0%
LNTH	C	0.0%
HLIT	B	0.0%
PAHC	B	0.0%
ALRM	D	0.0%
MCW	C	0.0%
POWI	D	0.0%
NTCT	D	0.0%
FBNC	D	0.0%
MD	D	0.0%
LIVN	C	0.0%
RCUS	C	0.0%
REX	F	0.0%
NVEE	F	0.0%
NEO	F	0.0%
WNC	D	0.0%
SUPN	D	0.0%
AMCX	D	0.0%
MANH	B	0.0%
FLGT	D	0.0%
HAFC	D	0.0%
JOE	D	0.0%
CALX	C	0.0%
DBI	D	0.0%
IART	C	0.0%
LKFN	D	0.0%
TRST	D	0.0%
ETD	D	0.0%
PRFT	B	0.0%
USPH	F	0.0%
CNSL	B	0.0%
QNST	D	0.0%
PRA	F	0.0%
HAYN	D	0.0%
DVAX	D	0.0%
UTL	D	0.0%
CORT	C	0.0%
PRAA	D	0.0%
CVLT	A	0.0%
HTZ	F	0.0%
CENX	C	0.0%
RAMP	D	0.0%
OLED	A	0.0%
FCF	D	0.0%
ZEUS	F	0.0%
SOLV	F	0.0%
KREF	D	0.0%
TR	F	0.0%
EYE	F	0.0%
EVTC	D	0.0%
VTOL	C	0.0%
MRTN	C	0.0%
SIX	B	0.0%
ENV	C	0.0%
GDOT	C	0.0%
MMI	D	0.0%
ALEX	C	0.0%
BRKL	F	0.0%
MTRN	F	0.0%
VECO	B	0.0%
SHAK	D	0.0%
TWI	F	0.0%
MP	F	0.0%
HXL	D	0.0%
PFBC	C	0.0%
HWKN	B	0.0%
LSCC	F	0.0%
AAT	B	0.0%
OXM	D	0.0%
SBSI	D	0.0%
MOV	D	0.0%
HZO	C	0.0%
AIR	C	0.0%
MERC	F	0.0%
BFS	D	0.0%
SHC	C	0.0%
FTRE	F	0.0%
CSR	B	0.0%
MCRI	C	0.0%
NBHC	B	0.0%
MSGS	C	0.0%
SAM	C	0.0%
LGND	C	0.0%

VLU Underweight 0 Positions Relative to VSLU

	Symbol	Grade	Weight