VLU vs. VYM ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$189.56

Average Daily Volume

7,982

Number of Holdings ^*

1418

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$130.70

Average Daily Volume

759,409

Number of Holdings ^*

530

* may have additional holdings in another (foreign) market

Performance

Period	VLU	VYM
30 Days	1.16%	-0.46%
60 Days	4.94%	3.64%
90 Days	7.27%	6.35%
12 Months	29.99%	28.77%

470 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in VYM	Overlap
	AAP	D	0.02%	0.01%	0.01%
	ABBV	F	0.45%	1.97%	0.45%
	ABM	B	0.03%	0.02%	0.02%
	ABT	B	0.24%	1.11%	0.24%
	ADI	D	0.14%	0.64%	0.14%
	ADM	D	0.21%	0.16%	0.16%
	ADP	B	0.09%	0.64%	0.09%
	AEE	A	0.08%	0.13%	0.08%
	AEP	C	0.16%	0.31%	0.16%
	AES	F	0.04%	0.08%	0.04%
	AFG	A	0.08%	0.05%	0.05%
	AFL	C	0.2%	0.35%	0.2%
	AGCO	D	0.03%	0.03%	0.03%
	AGO	A	0.02%	0.02%	0.02%
	AIG	B	0.24%	0.27%	0.24%
	AIZ	A	0.04%	0.06%	0.04%
	AL	A	0.04%	0.03%	0.03%
	ALE	A	0.02%	0.02%	0.02%
	ALL	A	0.15%	0.28%	0.15%
	ALLY	C	0.09%	0.06%	0.06%
	ALV	C	0.02%	0.04%	0.02%
	AM	A	0.02%	0.03%	0.02%
	AMGN	D	0.26%	0.97%	0.26%
	AMP	A	0.12%	0.27%	0.12%
	APA	F	0.04%	0.05%	0.04%
	APAM	A	0.01%	0.02%	0.01%
	APD	A	0.14%	0.37%	0.14%
	APOG	B	0.01%	0.01%	0.01%
	ARCH	B	0.03%	0.01%	0.01%
	AROC	A	0.01%	0.02%	0.01%
	ASB	A	0.03%	0.02%	0.02%
	ATO	A	0.07%	0.12%	0.07%
	AUB	A	0.02%	0.02%	0.02%
	AVA	C	0.01%	0.02%	0.01%
	AVGO	C	0.46%	4.42%	0.46%
	AVNT	A	0.02%	0.03%	0.02%
	AVT	C	0.04%	0.03%	0.03%
	AWK	C	0.05%	0.16%	0.05%
	AWR	A	0.01%	0.02%	0.01%
	B	A	0.01%	0.01%	0.01%
	BAC	A	1.49%	1.52%	1.49%
	BANF	A	0.02%	0.01%	0.01%
	BANR	A	0.02%	0.01%	0.01%
	BAX	F	0.06%	0.11%	0.06%
	BBWI	C	0.02%	0.04%	0.02%
	BBY	C	0.15%	0.13%	0.13%
	BC	D	0.02%	0.03%	0.02%
	BCPC	B	0.01%	0.03%	0.01%
	BEN	C	0.05%	0.03%	0.03%
	BERY	D	0.04%	0.04%	0.04%
	BFH	A	0.03%	0.01%	0.01%
	BG	D	0.11%	0.08%	0.08%
	BHE	B	0.02%	0.01%	0.01%
	BHLB	A	0.01%	0.01%	0.01%
	BK	A	0.28%	0.3%	0.28%
	BKE	A	0.01%	0.01%	0.01%
	BKH	A	0.03%	0.02%	0.02%
	BKR	A	0.12%	0.2%	0.12%
	BKU	A	0.03%	0.02%	0.02%
	BLMN	F	0.01%	0.01%	0.01%
	BMY	B	0.34%	0.59%	0.34%
	BOH	A	0.01%	0.01%	0.01%
	BTU	B	0.03%	0.02%	0.02%
	BX	A	0.13%	0.61%	0.13%
	C	A	1.11%	0.68%	0.68%
	CABO	B	0.02%	0.01%	0.01%
	CADE	A	0.03%	0.03%	0.03%
	CAG	F	0.07%	0.09%	0.07%
	CAH	B	0.25%	0.15%	0.15%
	CAKE	A	0.01%	0.01%	0.01%
	CALM	A	0.03%	0.02%	0.02%
	CAT	B	0.25%	1.08%	0.25%
	CATY	A	0.03%	0.02%	0.02%
	CB	C	0.32%	0.66%	0.32%
	CBRL	C	0.01%	0.01%	0.01%
	CBSH	A	0.02%	0.04%	0.02%
	CBT	C	0.02%	0.03%	0.02%
	CBU	A	0.01%	0.02%	0.01%
	CC	C	0.01%	0.02%	0.01%
	CCOI	B	0.01%	0.02%	0.01%
	CE	F	0.03%	0.07%	0.03%
	CF	A	0.06%	0.09%	0.06%
	CFG	A	0.18%	0.1%	0.1%
	CFR	A	0.03%	0.04%	0.03%
	CG	B	0.02%	0.05%	0.02%
	CHCO	A	0.01%	0.01%	0.01%
	CHRD	F	0.07%	0.05%	0.05%
	CHRW	A	0.06%	0.07%	0.06%
	CI	D	0.33%	0.54%	0.33%
	CINF	A	0.07%	0.12%	0.07%
	CIVI	F	0.04%	0.03%	0.03%
	CL	D	0.09%	0.48%	0.09%
	CLX	A	0.03%	0.09%	0.03%
	CMA	A	0.08%	0.04%	0.04%
	CMCSA	B	0.64%	0.9%	0.64%
	CME	A	0.1%	0.45%	0.1%
	CMI	A	0.13%	0.25%	0.13%
	CMS	C	0.05%	0.12%	0.05%
	CNO	A	0.04%	0.02%	0.02%
	CNP	A	0.07%	0.11%	0.07%
	COLB	A	0.05%	0.03%	0.03%
	COP	C	0.41%	0.7%	0.41%
	CPB	D	0.04%	0.05%	0.04%
	CPK	A	0.01%	0.02%	0.01%
	CRC	B	0.02%	0.02%	0.02%
	CRI	D	0.01%	0.01%	0.01%
	CRS	A	0.02%	0.04%	0.02%
	CSCO	B	0.51%	1.22%	0.51%
	CSGS	A	0.0%	0.01%	0.0%
	CTRA	A	0.06%	0.1%	0.06%
	CVBF	A	0.02%	0.01%	0.01%
	CVI	D	0.0%	0.0%	0.0%
	CVS	F	0.61%	0.45%	0.45%
	CVX	A	1.32%	1.39%	1.32%
	CWEN	D	0.02%	0.01%	0.01%
	CWEN	D	0.01%	0.01%	0.01%
	CWEN	D	0.02%	0.01%	0.01%
	CWEN	D	0.01%	0.01%	0.01%
	CWT	C	0.01%	0.02%	0.01%
	CXT	D	0.0%	0.02%	0.0%
	D	C	0.23%	0.27%	0.23%
	DAN	F	0.01%	0.01%	0.01%
	DD	D	0.18%	0.21%	0.18%
	DFS	A	0.16%	0.2%	0.16%
	DGX	A	0.05%	0.1%	0.05%
	DINO	D	0.06%	0.04%	0.04%
	DKS	D	0.03%	0.07%	0.03%
	DLX	A	0.01%	0.0%	0.0%
	DOW	F	0.17%	0.22%	0.17%
	DRI	B	0.04%	0.11%	0.04%
	DTE	C	0.09%	0.15%	0.09%
	DTM	A	0.03%	0.04%	0.03%
	DUK	C	0.32%	0.5%	0.32%
	DVN	F	0.12%	0.14%	0.12%
	EBAY	D	0.08%	0.19%	0.08%
	ED	D	0.12%	0.2%	0.12%
	EG	D	0.08%	0.1%	0.08%
	EIG	A	0.01%	0.01%	0.01%
	EIX	C	0.1%	0.19%	0.1%
	EL	F	0.03%	0.13%	0.03%
	EMN	C	0.04%	0.07%	0.04%
	EMR	A	0.16%	0.35%	0.16%
	ENR	A	0.01%	0.01%	0.01%
	EOG	A	0.22%	0.4%	0.22%
	EQH	B	0.07%	0.08%	0.07%
	EQT	A	0.12%	0.12%	0.12%
	ES	C	0.08%	0.13%	0.08%
	ESNT	D	0.02%	0.04%	0.02%
	ETN	A	0.12%	0.75%	0.12%
	ETR	A	0.15%	0.16%	0.15%
	EVR	A	0.02%	0.05%	0.02%
	EVRG	A	0.07%	0.08%	0.07%
	EWBC	A	0.05%	0.06%	0.05%
	EXC	C	0.19%	0.23%	0.19%
	F	C	0.36%	0.23%	0.23%
	FAF	C	0.03%	0.04%	0.03%
	FANG	D	0.11%	0.18%	0.11%
	FAST	B	0.04%	0.23%	0.04%
	FBP	A	0.01%	0.02%	0.01%
	FCF	A	0.01%	0.01%	0.01%
	FDP	A	0.01%	0.01%	0.01%
	FDX	A	0.24%	0.35%	0.24%
	FE	C	0.06%	0.14%	0.06%
	FFBC	A	0.02%	0.01%	0.01%
	FFIN	A	0.01%	0.03%	0.01%
	FHB	A	0.02%	0.02%	0.02%
	FHN	A	0.05%	0.05%	0.05%
	FIS	B	0.1%	0.27%	0.1%
	FITB	A	0.12%	0.16%	0.12%
	FLO	D	0.02%	0.02%	0.02%
	FLS	A	0.02%	0.04%	0.02%
	FMC	F	0.03%	0.05%	0.03%
	FNB	A	0.03%	0.03%	0.03%
	FNF	C	0.07%	0.09%	0.07%
	FOX	A	0.05%	0.03%	0.03%
	FOXA	A	0.09%	0.05%	0.05%
	FULT	A	0.02%	0.02%	0.02%
	GAP	C	0.04%	0.02%	0.02%
	GATX	A	0.02%	0.03%	0.02%
	GBCI	A	0.02%	0.03%	0.02%
	GBX	A	0.02%	0.01%	0.01%
	GD	D	0.22%	0.47%	0.22%
	GEF	A	0.02%	0.01%	0.01%
	GEN	B	0.05%	0.08%	0.05%
	GES	F	0.0%	0.0%	0.0%
	GILD	B	0.38%	0.59%	0.38%
	GIS	D	0.1%	0.23%	0.1%
	GLW	B	0.1%	0.2%	0.1%
	GPC	D	0.05%	0.11%	0.05%
	GRMN	B	0.07%	0.15%	0.07%
	GS	A	0.57%	0.88%	0.57%
	HAL	C	0.07%	0.14%	0.07%
	HAS	D	0.03%	0.06%	0.03%
	HBAN	A	0.12%	0.12%	0.12%
	HD	A	0.5%	2.27%	0.5%
	HI	C	0.01%	0.01%	0.01%
	HIG	C	0.13%	0.19%	0.13%
	HII	F	0.02%	0.06%	0.02%
	HLI	A	0.01%	0.05%	0.01%
	HMN	A	0.01%	0.01%	0.01%
	HNI	A	0.01%	0.01%	0.01%
	HOG	D	0.02%	0.03%	0.02%
	HOMB	A	0.02%	0.03%	0.02%
	HON	A	0.21%	0.76%	0.21%
	HOPE	A	0.01%	0.01%	0.01%
	HP	C	0.03%	0.02%	0.02%
	HPE	B	0.24%	0.15%	0.15%
	HPQ	B	0.31%	0.2%	0.2%
	HRB	D	0.03%	0.05%	0.03%
	HRL	D	0.07%	0.05%	0.05%
	HSY	F	0.05%	0.16%	0.05%
	HTH	B	0.01%	0.01%	0.01%
	HUBB	B	0.03%	0.13%	0.03%
	HWC	A	0.03%	0.02%	0.02%
	IBM	D	0.43%	1.05%	0.43%
	IBOC	A	0.02%	0.02%	0.02%
	IBTX	A	0.02%	0.01%	0.01%
	IDA	A	0.02%	0.03%	0.02%
	IFF	D	0.05%	0.15%	0.05%
	INDB	A	0.01%	0.01%	0.01%
	INGR	B	0.04%	0.05%	0.04%
	IP	A	0.17%	0.1%	0.1%
	IPG	F	0.04%	0.07%	0.04%
	IRDM	C	0.0%	0.02%	0.0%
	ITW	B	0.09%	0.44%	0.09%
	IVZ	B	0.07%	0.04%	0.04%
	JACK	D	0.0%	0.01%	0.0%
	JCI	A	0.15%	0.29%	0.15%
	JEF	A	0.06%	0.06%	0.06%
	JHG	A	0.05%	0.03%	0.03%
	JJSF	C	0.01%	0.01%	0.01%
	JNJ	D	0.79%	2.21%	0.79%
	JNPR	D	0.03%	0.07%	0.03%
	JPM	A	1.46%	3.41%	1.46%
	JWN	A	0.02%	0.01%	0.01%
	JXN	B	0.07%	0.04%	0.04%
	K	B	0.08%	0.12%	0.08%
	KALU	C	0.01%	0.01%	0.01%
	KDP	D	0.12%	0.22%	0.12%
	KEY	A	0.15%	0.09%	0.09%
	KFY	B	0.01%	0.02%	0.01%
	KHC	F	0.25%	0.18%	0.18%
	KLG	F	0.01%	0.01%	0.01%
	KMB	C	0.1%	0.27%	0.1%
	KMI	A	0.44%	0.24%	0.24%
	KMPR	A	0.01%	0.02%	0.01%
	KMT	B	0.01%	0.01%	0.01%
	KO	D	0.37%	1.57%	0.37%
	KR	B	0.34%	0.21%	0.21%
	KSS	F	0.02%	0.01%	0.01%
	KTB	A	0.02%	0.03%	0.02%
	KW	C	0.01%	0.01%	0.01%
	LANC	D	0.01%	0.02%	0.01%
	LCII	D	0.01%	0.02%	0.01%
	LEA	F	0.05%	0.03%	0.03%
	LEG	F	0.01%	0.01%	0.01%
	LHX	B	0.1%	0.25%	0.1%
	LKQ	D	0.03%	0.06%	0.03%
	LMT	D	0.33%	0.7%	0.33%
	LNC	A	0.05%	0.03%	0.03%
	LNT	A	0.04%	0.09%	0.04%
	LOW	A	0.23%	0.87%	0.23%
	LUV	A	0.16%	0.1%	0.1%
	LYB	F	0.19%	0.14%	0.14%
	LZB	A	0.01%	0.01%	0.01%
	M	C	0.04%	0.02%	0.02%
	MAN	F	0.03%	0.02%	0.02%
	MATV	F	0.01%	0.01%	0.01%
	MC	B	0.01%	0.03%	0.01%
	MCD	D	0.15%	1.24%	0.15%
	MCHP	F	0.05%	0.24%	0.05%
	MCY	A	0.02%	0.01%	0.01%
	MDLZ	F	0.18%	0.56%	0.18%
	MDT	D	0.32%	0.65%	0.32%
	MDU	D	0.02%	0.03%	0.02%
	MET	A	0.41%	0.27%	0.27%
	MGEE	A	0.01%	0.02%	0.01%
	MGY	A	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.12%	0.04%
	MLKN	F	0.01%	0.01%	0.01%
	MMM	D	0.28%	0.43%	0.28%
	MO	A	0.34%	0.49%	0.34%
	MOS	D	0.08%	0.05%	0.05%
	MPC	D	0.44%	0.32%	0.32%
	MRK	F	0.31%	1.62%	0.31%
	MRO	A	0.08%	0.08%	0.08%
	MS	A	0.6%	0.68%	0.6%
	MSM	C	0.02%	0.02%	0.02%
	MTB	A	0.17%	0.17%	0.17%
	MTG	C	0.02%	0.04%	0.02%
	MTN	C	0.01%	0.04%	0.01%
	MUR	F	0.04%	0.03%	0.03%
	NAVI	D	0.01%	0.01%	0.01%
	NBTB	A	0.01%	0.01%	0.01%
	NEE	C	0.33%	0.98%	0.33%
	NEM	F	0.14%	0.35%	0.14%
	NFG	A	0.03%	0.03%	0.03%
	NI	A	0.06%	0.09%	0.06%
	NJR	A	0.01%	0.03%	0.01%
	NOG	A	0.04%	0.02%	0.02%
	NRG	B	0.06%	0.11%	0.06%
	NSC	B	0.13%	0.32%	0.13%
	NSP	F	0.01%	0.02%	0.01%
	NTAP	D	0.04%	0.14%	0.04%
	NTRS	A	0.08%	0.1%	0.08%
	NVT	B	0.02%	0.07%	0.02%
	NWBI	A	0.02%	0.01%	0.01%
	NWE	C	0.02%	0.02%	0.02%
	NWL	B	0.03%	0.02%	0.02%
	NWN	A	0.01%	0.01%	0.01%
	NXPI	F	0.07%	0.35%	0.07%
	NXST	D	0.03%	0.03%	0.03%
	OGE	A	0.03%	0.05%	0.03%
	OGN	F	0.03%	0.03%	0.03%
	OGS	A	0.03%	0.02%	0.02%
	OKE	A	0.13%	0.3%	0.13%
	OMC	C	0.06%	0.11%	0.06%
	ONB	B	0.03%	0.03%	0.03%
	ORI	A	0.04%	0.05%	0.04%
	OSK	C	0.02%	0.04%	0.02%
	OTTR	C	0.01%	0.02%	0.01%
	OVV	C	0.09%	0.06%	0.06%
	OXM	F	0.0%	0.01%	0.0%
	OZK	A	0.04%	0.03%	0.03%
	PAG	A	0.03%	0.02%	0.02%
	PARA	C	0.06%	0.03%	0.03%
	PAYX	B	0.06%	0.24%	0.06%
	PB	A	0.03%	0.04%	0.03%
	PBF	D	0.03%	0.02%	0.02%
	PCAR	B	0.12%	0.29%	0.12%
	PDCO	F	0.01%	0.01%	0.01%
	PEG	C	0.13%	0.25%	0.13%
	PEP	F	0.34%	1.32%	0.34%
	PFE	F	0.77%	0.93%	0.77%
	PFG	C	0.16%	0.11%	0.11%
	PFS	A	0.02%	0.01%	0.01%
	PG	C	0.46%	2.31%	0.46%
	PGR	B	0.18%	0.84%	0.18%
	PHIN	A	0.01%	0.01%	0.01%
	PII	F	0.02%	0.02%	0.02%
	PINC	B	0.01%	0.01%	0.01%
	PIPR	A	0.01%	0.03%	0.01%
	PKG	B	0.05%	0.11%	0.05%
	PM	A	0.54%	1.06%	0.54%
	PNC	A	0.4%	0.41%	0.4%
	PNM	B	0.02%	0.02%	0.02%
	PNW	A	0.05%	0.06%	0.05%
	POR	D	0.02%	0.03%	0.02%
	PPBI	A	0.01%	0.01%	0.01%
	PPG	F	0.06%	0.17%	0.06%
	PPL	A	0.09%	0.14%	0.09%
	PR	C	0.03%	0.05%	0.03%
	PRGO	C	0.02%	0.02%	0.02%
	PRK	A	0.01%	0.01%	0.01%
	PRU	A	0.38%	0.25%	0.25%
	PSX	C	0.45%	0.31%	0.31%
	PTEN	D	0.01%	0.02%	0.01%
	PZZA	D	0.0%	0.01%	0.0%
	QCOM	F	0.23%	1.07%	0.23%
	R	A	0.06%	0.03%	0.03%
	RDN	C	0.03%	0.03%	0.03%
	RF	A	0.11%	0.12%	0.11%
	RGA	A	0.12%	0.08%	0.08%
	RHI	B	0.02%	0.04%	0.02%
	RL	B	0.03%	0.04%	0.03%
	RLI	A	0.01%	0.04%	0.01%
	RNST	A	0.02%	0.01%	0.01%
	ROK	A	0.04%	0.17%	0.04%
	RPM	A	0.02%	0.09%	0.02%
	RRC	B	0.03%	0.04%	0.03%
	RS	B	0.05%	0.09%	0.05%
	RTX	D	0.44%	0.91%	0.44%
	SAFT	A	0.01%	0.01%	0.01%
	SBCF	A	0.01%	0.01%	0.01%
	SBUX	A	0.14%	0.62%	0.14%
	SCHL	F	0.01%	0.0%	0.0%
	SEE	B	0.01%	0.03%	0.01%
	SEM	B	0.02%	0.02%	0.02%
	SF	A	0.04%	0.05%	0.04%
	SFBS	A	0.01%	0.02%	0.01%
	SFNC	B	0.03%	0.01%	0.01%
	SHOO	D	0.01%	0.02%	0.01%
	SJM	F	0.05%	0.07%	0.05%
	SJW	F	0.0%	0.01%	0.0%
	SLB	C	0.13%	0.34%	0.13%
	SLM	A	0.02%	0.03%	0.02%
	SLVM	B	0.02%	0.02%	0.02%
	SMG	D	0.01%	0.02%	0.01%
	SNA	A	0.04%	0.08%	0.04%
	SNV	A	0.04%	0.04%	0.04%
	SO	C	0.3%	0.56%	0.3%
	SON	D	0.02%	0.03%	0.02%
	SR	A	0.02%	0.02%	0.02%
	SRE	A	0.18%	0.3%	0.18%
	SSB	A	0.03%	0.04%	0.03%
	SSTK	F	0.0%	0.0%	0.0%
	STBA	A	0.01%	0.01%	0.01%
	STRA	C	0.01%	0.01%	0.01%
	STT	A	0.14%	0.15%	0.14%
	STX	D	0.05%	0.12%	0.05%
	SWK	F	0.05%	0.1%	0.05%
	SWKS	F	0.04%	0.09%	0.04%
	SWX	A	0.02%	0.03%	0.02%
	SXT	C	0.01%	0.02%	0.01%
	SYF	A	0.22%	0.11%	0.11%
	SYY	D	0.12%	0.22%	0.12%
	T	A	1.35%	0.89%	0.89%
	TAP	A	0.08%	0.06%	0.06%
	TDS	B	0.03%	0.01%	0.01%
	TFC	A	0.53%	0.32%	0.32%
	TGNA	B	0.03%	0.02%	0.02%
	TGT	D	0.22%	0.41%	0.22%
	THG	A	0.02%	0.03%	0.02%
	TNC	F	0.0%	0.01%	0.0%
	TNL	A	0.02%	0.02%	0.02%
	TPR	A	0.04%	0.06%	0.04%
	TRGP	A	0.09%	0.18%	0.09%
	TRMK	A	0.01%	0.01%	0.01%
	TRN	A	0.03%	0.02%	0.02%
	TROW	A	0.07%	0.13%	0.07%
	TRV	A	0.18%	0.3%	0.18%
	TSN	A	0.14%	0.09%	0.09%
	TXN	C	0.25%	1.06%	0.25%
	UBSI	A	0.02%	0.03%	0.02%
	UCB	A	0.01%	0.02%	0.01%
	UGI	C	0.04%	0.03%	0.03%
	UMBF	A	0.02%	0.03%	0.02%
	UNM	A	0.1%	0.06%	0.06%
	UNP	D	0.22%	0.85%	0.22%
	UPBD	B	0.01%	0.01%	0.01%
	UPS	C	0.37%	0.56%	0.37%
	USB	B	0.38%	0.35%	0.35%
	UVV	B	0.01%	0.01%	0.01%
	VAC	B	0.02%	0.01%	0.01%
	VFC	B	0.06%	0.04%	0.04%
	VLO	C	0.37%	0.24%	0.24%
	VLY	A	0.04%	0.02%	0.02%
	VOYA	A	0.04%	0.05%	0.04%
	VRTS	A	0.01%	0.01%	0.01%
	VSH	F	0.01%	0.01%	0.01%
	VST	A	0.1%	0.23%	0.1%
	VTRS	A	0.13%	0.08%	0.08%
	VZ	C	1.46%	1.07%	1.07%
	WABC	A	0.0%	0.01%	0.0%
	WAFD	A	0.03%	0.01%	0.01%
	WBA	F	0.06%	0.04%	0.04%
	WBS	A	0.04%	0.04%	0.04%
	WD	D	0.01%	0.02%	0.01%
	WEC	A	0.09%	0.17%	0.09%
	WEN	C	0.01%	0.02%	0.01%
	WFC	A	1.17%	1.12%	1.12%
	WGO	B	0.01%	0.01%	0.01%
	WH	A	0.01%	0.03%	0.01%
	WHR	A	0.05%	0.03%	0.03%
	WKC	C	0.01%	0.01%	0.01%
	WM	B	0.1%	0.47%	0.1%
	WMB	A	0.19%	0.31%	0.19%
	WMT	A	1.8%	1.98%	1.8%
	WOR	F	0.01%	0.01%	0.01%
	WRB	A	0.05%	0.09%	0.05%
	WSM	F	0.02%	0.11%	0.02%
	WSO	A	0.04%	0.1%	0.04%
	WT	A	0.0%	0.01%	0.0%
	WTRG	C	0.03%	0.05%	0.03%
	WU	F	0.03%	0.02%	0.02%
	XEL	A	0.14%	0.2%	0.14%
	XOM	B	2.01%	2.97%	2.01%
	XRX	F	0.01%	0.01%	0.01%
	YUM	D	0.03%	0.22%	0.03%
	ZION	A	0.07%	0.04%	0.04%

VLU Overweight 950 Positions Relative to VYM

	Symbol	Grade	Weight
	AAPL	C	2.41%
	BRK.A	A	2.36%
	AMZN	B	2.1%
	META	C	1.78%
	MSFT	D	1.43%
	GOOG	B	1.2%
	UNH	B	1.17%
	GOOGL	B	0.75%
	COF	A	0.6%
	TSLA	B	0.57%
	GM	A	0.53%
	ORCL	A	0.45%
	V	A	0.44%
	TMUS	A	0.42%
	MCK	A	0.39%
	COR	B	0.37%
	NVDA	B	0.37%
	INTC	C	0.35%
	AXP	A	0.35%
	CHTR	B	0.33%
	DAL	A	0.33%
	ELV	F	0.31%
	ACN	C	0.31%
	CNC	F	0.28%
	COST	B	0.28%
	GE	D	0.27%
	DIS	A	0.27%
	CRM	A	0.26%
	SCHW	A	0.24%
	UAL	A	0.24%
	KVUE	A	0.22%
	DE	D	0.22%
	SW	A	0.22%
	LLY	F	0.2%
	CCL	A	0.2%
	LIN	D	0.19%
	WBD	B	0.18%
	NFLX	A	0.18%
	HCA	D	0.18%
	BA	F	0.17%
	OXY	F	0.17%
	HUM	F	0.17%
	PYPL	A	0.17%
	TMO	D	0.16%
	TJX	A	0.16%
	ADBE	F	0.16%
	MU	D	0.15%
	FI	A	0.15%
	NOC	D	0.15%
	AMT	D	0.13%
	L	A	0.13%
	AMD	F	0.13%
	LEN	D	0.13%
	MA	A	0.13%
	PLD	D	0.13%
	MMC	C	0.12%
	NKE	D	0.12%
	BKNG	A	0.12%
	SPGI	C	0.12%
	AMAT	F	0.12%
	PCG	A	0.12%
	NUE	D	0.12%
	WELL	A	0.12%
	O	D	0.11%
	REGN	F	0.11%
	ICE	D	0.11%
	DHI	D	0.11%
	BSX	B	0.11%
	VRTX	C	0.11%
	CTSH	B	0.11%
	PFGC	B	0.11%
	DHR	D	0.11%
	ACGL	C	0.11%
	CCI	D	0.1%
	ISRG	A	0.1%
	CSX	B	0.1%
	LAD	A	0.09%
	CTVA	D	0.09%
	FCX	F	0.09%
	RSG	B	0.09%
	SYK	A	0.09%
	VICI	C	0.09%
	MAR	A	0.09%
	PH	A	0.09%
	ORLY	A	0.08%
	AAL	B	0.08%
	LRCX	F	0.08%
	EQR	C	0.08%
	TT	A	0.08%
	BIIB	F	0.08%
	CARR	D	0.08%
	X	D	0.08%
	ANET	C	0.08%
	RCL	A	0.08%
	USFD	B	0.08%
	SNX	D	0.08%
	BDX	F	0.08%
	STLD	B	0.08%
	LUMN	C	0.08%
	VTR	C	0.08%
	UBER	C	0.08%
	CBRE	B	0.08%
	PSA	C	0.07%
	WTW	B	0.07%
	NDAQ	A	0.07%
	ABNB	C	0.07%
	BWA	A	0.07%
	PANW	B	0.07%
	AVB	A	0.07%
	LVS	C	0.07%
	AON	A	0.07%
	URI	B	0.07%
	EQIX	B	0.07%
	ARW	D	0.06%
	GWW	A	0.06%
	LH	B	0.06%
	ROST	D	0.06%
	BXP	D	0.06%
	HES	B	0.06%
	INTU	A	0.06%
	DVA	C	0.06%
	NVR	D	0.06%
	PHM	D	0.06%
	GPN	B	0.06%
	SPG	A	0.06%
	RJF	A	0.06%
	SHW	B	0.06%
	THC	C	0.06%
	VNO	B	0.06%
	NOW	B	0.06%
	WY	D	0.06%
	AZO	C	0.06%
	APH	B	0.06%
	MHK	D	0.06%
	WPC	D	0.05%
	ON	F	0.05%
	EXPE	A	0.05%
	OC	A	0.05%
	JLL	C	0.05%
	UHS	D	0.05%
	ZBH	C	0.05%
	STZ	D	0.05%
	EA	A	0.05%
	WDC	F	0.05%
	IQV	F	0.05%
	DG	F	0.05%
	BLDR	D	0.05%
	SNPS	C	0.05%
	APTV	F	0.05%
	JBL	C	0.05%
	CNX	A	0.05%
	KLAC	F	0.05%
	TOL	B	0.05%
	DOC	D	0.05%
	ARMK	C	0.05%
	ARE	D	0.05%
	RNR	D	0.05%
	STWD	D	0.05%
	ROP	C	0.05%
	COOP	B	0.05%
	AJG	A	0.05%
	ALK	A	0.05%
	AMCR	C	0.05%
	LDOS	C	0.05%
	IBKR	A	0.05%
	MNST	D	0.05%
	MUSA	A	0.04%
	CPT	D	0.04%
	HCC	B	0.04%
	OTIS	D	0.04%
	DOV	A	0.04%
	COHR	B	0.04%
	KEYS	C	0.04%
	KIM	A	0.04%
	NCLH	B	0.04%
	BRO	B	0.04%
	AME	A	0.04%
	TSCO	D	0.04%
	DLTR	F	0.04%
	J	D	0.04%
	EXPD	D	0.04%
	XPO	B	0.04%
	GL	B	0.04%
	AN	D	0.04%
	CACI	C	0.04%
	WLK	F	0.04%
	OHI	C	0.04%
	TXT	D	0.04%
	REG	A	0.04%
	TMHC	B	0.04%
	TKO	C	0.04%
	FYBR	C	0.04%
	HWM	A	0.04%
	FTNT	A	0.04%
	MAA	A	0.04%
	HST	D	0.04%
	BALL	D	0.04%
	SANM	B	0.04%
	PWR	A	0.04%
	AR	B	0.04%
	UTHR	B	0.04%
	CPAY	A	0.04%
	MCO	C	0.04%
	KRC	C	0.04%
	INVH	D	0.04%
	DLR	A	0.04%
	GLPI	D	0.04%
	CTAS	B	0.04%
	CEG	D	0.04%
	ESS	A	0.04%
	CMG	B	0.04%
	AA	A	0.04%
	MOH	F	0.04%
	MSI	A	0.04%
	MGM	D	0.04%
	IRM	D	0.04%
	ZTS	D	0.04%
	ALB	C	0.04%
	LYV	A	0.04%
	ECL	D	0.04%
	EXR	C	0.04%
	ROIV	D	0.04%
	WCC	A	0.04%
	KMX	B	0.04%
	WAB	B	0.04%
	ABG	A	0.04%
	GPI	A	0.04%
	BURL	C	0.03%
	RMD	C	0.03%
	MTDR	C	0.03%
	PENN	B	0.03%
	GT	C	0.03%
	WTFC	A	0.03%
	CDNS	B	0.03%
	SKX	D	0.03%
	GNW	A	0.03%
	CSL	B	0.03%
	CLH	C	0.03%
	COKE	C	0.03%
	PK	C	0.03%
	MAS	D	0.03%
	ANSS	B	0.03%
	BRX	A	0.03%
	SATS	D	0.03%
	FSLR	F	0.03%
	CUZ	B	0.03%
	HBI	A	0.03%
	POST	D	0.03%
	CR	A	0.03%
	HSIC	D	0.03%
	LAMR	D	0.03%
	INCY	B	0.03%
	CZR	F	0.03%
	GPK	D	0.03%
	BXMT	D	0.03%
	BHF	A	0.03%
	GEO	A	0.03%
	ULTA	D	0.03%
	PNFP	A	0.03%
	APLE	B	0.03%
	BIO	C	0.03%
	GME	C	0.03%
	CNK	A	0.03%
	CHD	A	0.03%
	UDR	C	0.03%
	THO	B	0.03%
	CEIX	A	0.03%
	CBOE	D	0.03%
	GHC	A	0.03%
	EME	B	0.03%
	GEHC	D	0.03%
	ILMN	C	0.03%
	GDDY	A	0.03%
	CWK	B	0.03%
	ODFL	B	0.03%
	SFM	A	0.03%
	IT	B	0.03%
	NWSA	B	0.03%
	FLR	B	0.03%
	LULU	C	0.03%
	KD	A	0.03%
	DEI	B	0.03%
	FTV	D	0.03%
	AKAM	F	0.03%
	ACM	B	0.03%
	MTZ	B	0.03%
	MLM	B	0.03%
	CDW	F	0.03%
	BJ	B	0.03%
	VMC	B	0.03%
	HIW	D	0.03%
	JBHT	B	0.03%
	TDY	B	0.03%
	CASY	B	0.03%
	CPRT	A	0.03%
	MLI	B	0.03%
	CCK	D	0.03%
	KNX	B	0.03%
	CMC	B	0.03%
	EW	C	0.03%
	A	D	0.03%
	ADSK	B	0.03%
	DXC	C	0.03%
	TER	F	0.02%
	BLD	F	0.02%
	ATGE	B	0.02%
	LPX	A	0.02%
	GMED	A	0.02%
	ALLE	D	0.02%
	KBR	D	0.02%
	ADNT	F	0.02%
	EXEL	B	0.02%
	MAC	A	0.02%
	MIDD	D	0.02%
	AX	A	0.02%
	AIT	A	0.02%
	MMS	D	0.02%
	VMI	B	0.02%
	ELS	B	0.02%
	FICO	A	0.02%
	VSTS	F	0.02%
	VVV	B	0.02%
	ST	F	0.02%
	TTEK	D	0.02%
	REZI	A	0.02%
	JBGS	D	0.02%
	VLTO	D	0.02%
	VYX	C	0.02%
	ATI	D	0.02%
	NATL	B	0.02%
	TXRH	A	0.02%
	ERIE	F	0.02%
	SIGI	A	0.02%
	AXTA	A	0.02%
	KRG	B	0.02%
	SEIC	A	0.02%
	ABCB	A	0.02%
	PLXS	B	0.02%
	OI	C	0.02%
	MOG.A	B	0.02%
	MHO	D	0.02%
	NDSN	B	0.02%
	BCC	B	0.02%
	CAR	C	0.02%
	PRG	A	0.02%
	CNXC	F	0.02%
	WWD	B	0.02%
	NSIT	F	0.02%
	EFX	F	0.02%
	WFRD	F	0.02%
	RRX	B	0.02%
	UAA	B	0.02%
	SBAC	D	0.02%
	LII	B	0.02%
	KAR	A	0.02%
	WYNN	D	0.02%
	JBLU	C	0.02%
	BYD	A	0.02%
	FL	F	0.02%
	EAT	A	0.02%
	PTC	B	0.02%
	TCBI	A	0.02%
	BANC	A	0.02%
	RUSHA	B	0.02%
	OLN	F	0.02%
	PPC	B	0.02%
	PRI	A	0.02%
	SLG	B	0.02%
	PVH	C	0.02%
	IDXX	F	0.02%
	HLT	A	0.02%
	URBN	C	0.02%
	TYL	B	0.02%
	TTWO	A	0.02%
	TPH	D	0.02%
	LNW	D	0.02%
	GXO	B	0.02%
	WAT	B	0.02%
	ADC	A	0.02%
	MTD	F	0.02%
	MATX	B	0.02%
	FBIN	D	0.02%
	KEX	A	0.02%
	STE	D	0.02%
	AVY	D	0.02%
	CIEN	B	0.02%
	MTH	D	0.02%
	MRNA	F	0.02%
	H	B	0.02%
	SIG	B	0.02%
	SLGN	B	0.02%
	G	A	0.02%
	DECK	A	0.02%
	PNR	A	0.02%
	EHC	B	0.02%
	SAIC	D	0.02%
	CW	B	0.02%
	ALGN	D	0.02%
	SBRA	C	0.02%
	KBH	D	0.02%
	VRSN	D	0.02%
	BR	A	0.02%
	GNRC	B	0.02%
	CUBE	C	0.02%
	SKYW	A	0.02%
	IR	A	0.02%
	TRMB	A	0.02%
	UFPI	C	0.02%
	AMG	A	0.02%
	ENVA	A	0.02%
	RVTY	D	0.02%
	JAZZ	A	0.02%
	NNN	D	0.02%
	CXW	B	0.02%
	VSCO	A	0.02%
	SNEX	A	0.02%
	HOLX	D	0.02%
	FFIV	B	0.02%
	DAR	B	0.02%
	XYL	D	0.02%
	NOV	D	0.02%
	ABR	C	0.02%
	ZBRA	B	0.02%
	AMH	C	0.02%
	SCI	B	0.02%
	AMKR	F	0.02%
	SM	C	0.02%
	CLF	F	0.02%
	CSGP	F	0.02%
	TDG	D	0.02%
	MPW	F	0.02%
	KREF	D	0.01%
	FBNC	A	0.01%
	HFWA	A	0.01%
	CHE	D	0.01%
	PRDO	B	0.01%
	QNST	C	0.01%
	UNIT	B	0.01%
	PFBC	A	0.01%
	AIN	C	0.01%
	SCL	D	0.01%
	UFCS	A	0.01%
	MCRI	A	0.01%
	EZPW	A	0.01%
	MMI	A	0.01%
	IART	C	0.01%
	MSGS	B	0.01%
	XHR	B	0.01%
	FORM	F	0.01%
	RES	F	0.01%
	CUBI	B	0.01%
	SOLV	C	0.01%
	AAT	C	0.01%
	AZZ	B	0.01%
	AEIS	B	0.01%
	AVNS	F	0.01%
	HPP	F	0.01%
	EFC	D	0.01%
	CENX	A	0.01%
	MODG	F	0.01%
	HAE	A	0.01%
	TDC	F	0.01%
	ZD	B	0.01%
	HAIN	F	0.01%
	CVLT	B	0.01%
	GFF	A	0.01%
	RDNT	B	0.01%
	CHEF	B	0.01%
	HAFC	A	0.01%
	HCSG	B	0.01%
	OLED	F	0.01%
	HWKN	C	0.01%
	INN	D	0.01%
	NBHC	A	0.01%
	HLX	D	0.01%
	EPC	F	0.01%
	AMWD	B	0.01%
	GDOT	C	0.01%
	CHH	A	0.01%
	FSS	C	0.01%
	FIZZ	B	0.01%
	SYNA	C	0.01%
	WRLD	D	0.01%
	SMPL	B	0.01%
	FWRD	D	0.01%
	VSAT	F	0.01%
	GTY	C	0.01%
	RCM	A	0.01%
	SHAK	B	0.01%
	MRCY	B	0.01%
	DRH	B	0.01%
	NGVT	B	0.01%
	UCTT	F	0.01%
	ONTO	F	0.01%
	ESE	A	0.01%
	DNOW	A	0.01%
	MP	B	0.01%
	ELME	D	0.01%
	RGEN	D	0.01%
	WST	C	0.01%
	JBT	B	0.01%
	HXL	F	0.01%
	ESAB	B	0.01%
	PLAB	D	0.01%
	VRE	A	0.01%
	TPX	A	0.01%
	NHC	B	0.01%
	YELP	C	0.01%
	KELYA	F	0.01%
	MEDP	D	0.01%
	FCPT	C	0.01%
	MMSI	A	0.01%
	MCW	B	0.01%
	KWR	C	0.01%
	POWL	C	0.01%
	KNF	B	0.01%
	SHO	D	0.01%
	VIR	C	0.01%
	AMED	F	0.01%
	SKT	A	0.01%
	ALGT	A	0.01%
	AHCO	D	0.01%
	CGNX	D	0.01%
	OSIS	A	0.01%
	KN	B	0.01%
	NOVT	D	0.01%
	VC	F	0.01%
	ASIX	B	0.01%
	EXP	B	0.01%
	HQY	A	0.01%
	MYRG	B	0.01%
	LGND	B	0.01%
	ACHC	F	0.01%
	IBP	F	0.01%
	STC	A	0.01%
	AWI	A	0.01%
	SMCI	F	0.01%
	MORN	B	0.01%
	SPTN	F	0.01%
	CARG	A	0.01%
	BOOT	C	0.01%
	ALKS	B	0.01%
	CFFN	A	0.01%
	XRAY	F	0.01%
	FELE	B	0.01%
	TBBK	A	0.01%
	CORT	B	0.01%
	BRBR	A	0.01%
	VTLE	C	0.01%
	TREX	C	0.01%
	CPF	A	0.01%
	SCVL	F	0.01%
	FND	F	0.01%
	MNRO	B	0.01%
	CASH	A	0.01%
	HALO	D	0.01%
	PLUS	F	0.01%
	CVCO	A	0.01%
	AXL	C	0.01%
	AMN	F	0.01%
	LXP	D	0.01%
	KLIC	C	0.01%
	IOSP	C	0.01%
	OPCH	F	0.01%
	HASI	F	0.01%
	TMP	A	0.01%
	LNTH	F	0.01%
	PAYC	B	0.01%
	PUMP	F	0.01%
	OII	B	0.01%
	LGIH	F	0.01%
	PCTY	B	0.01%
	BRKR	F	0.01%
	PARR	D	0.01%
	NBR	D	0.01%
	ROIC	A	0.01%
	ARCB	C	0.01%
	LPG	F	0.01%
	EGBN	A	0.01%
	LTC	B	0.01%
	ENPH	F	0.01%
	RWT	D	0.01%
	UE	B	0.01%
	OFG	B	0.01%
	ETSY	D	0.01%
	VNT	C	0.01%
	SSD	D	0.01%
	EXLS	B	0.01%
	DOCS	C	0.01%
	ODP	F	0.01%
	PJT	A	0.01%
	DORM	B	0.01%
	DXCM	C	0.01%
	NBIX	D	0.01%
	MASI	A	0.01%
	CENTA	C	0.01%
	AVAV	C	0.01%
	UNF	A	0.01%
	ENOV	C	0.01%
	GTLS	A	0.01%
	ANF	C	0.01%
	OMI	F	0.01%
	CPRI	F	0.01%
	OMCL	C	0.01%
	DIOD	F	0.01%
	IPGP	D	0.01%
	FTDR	B	0.01%
	BRKL	A	0.01%
	CHX	C	0.01%
	IRT	A	0.01%
	NMIH	D	0.01%
	ORA	B	0.01%
	FBK	A	0.01%
	MKSI	D	0.01%
	MTX	B	0.01%
	PCH	D	0.01%
	CCS	F	0.01%
	NPO	A	0.01%
	ITGR	B	0.01%
	PODD	A	0.01%
	INVA	C	0.01%
	SXC	A	0.01%
	RUN	F	0.01%
	DAY	B	0.01%
	PATK	C	0.01%
	EXPI	C	0.01%
	SHC	D	0.01%
	VSTO	A	0.01%
	BWXT	A	0.01%
	AKR	B	0.01%
	DLB	D	0.01%
	ALGM	F	0.01%
	BDN	D	0.01%
	WTS	A	0.01%
	ROL	A	0.01%
	CNXN	D	0.01%
	ENSG	D	0.01%
	EGP	D	0.01%
	SBSI	B	0.01%
	WMS	F	0.01%
	PECO	A	0.01%
	MTSI	B	0.01%
	NSA	C	0.01%
	HGV	B	0.01%
	DCOM	A	0.01%
	VAL	F	0.01%
	THS	F	0.01%
	NWS	A	0.01%
	RXO	C	0.01%
	NEU	C	0.01%
	BRC	C	0.01%
	MAT	C	0.01%
	SAH	A	0.01%
	NYT	D	0.01%
	RYN	D	0.01%
	RC	F	0.01%
	CTRE	D	0.01%
	FUL	F	0.01%
	POOL	D	0.01%
	CNM	F	0.01%
	EPR	D	0.01%
	DPZ	C	0.01%
	SCSC	B	0.01%
	WSFS	A	0.01%
	PBH	A	0.01%
	LOPE	B	0.01%
	OUT	C	0.01%
	AEO	F	0.01%
	RH	C	0.01%
	FIX	A	0.01%
	UA	B	0.01%
	FCN	F	0.01%
	TEX	D	0.01%
	CRK	A	0.01%
	MPWR	F	0.01%
	OLLI	D	0.01%
	MKTX	C	0.01%
	GRBK	D	0.01%
	SABR	B	0.01%
	RBC	A	0.01%
	SBH	A	0.01%
	UNFI	A	0.01%
	TTC	D	0.01%
	PSMT	D	0.01%
	ECPG	A	0.01%
	CRUS	F	0.01%
	GVA	A	0.01%
	SAIA	B	0.01%
	BCO	F	0.01%
	PSTG	F	0.01%
	CDP	C	0.01%
	WEX	F	0.01%
	ITRI	B	0.01%
	DEA	D	0.01%
	PMT	D	0.01%
	GGG	A	0.01%
	LRN	A	0.01%
	IDCC	A	0.01%
	DT	C	0.01%
	GMS	A	0.01%
	GIII	D	0.01%
	FN	C	0.01%
	ARI	D	0.01%
	EPRT	C	0.01%
	BGC	B	0.01%
	IIPR	F	0.01%
	LSTR	D	0.01%
	FHI	A	0.01%
	WERN	B	0.01%
	PBI	C	0.01%
	TTMI	B	0.01%
	VRSK	B	0.01%
	BDC	B	0.01%
	CROX	F	0.01%
	ENS	D	0.01%
	WS	B	0.01%
	LFUS	D	0.01%
	GNTX	C	0.01%
	MD	B	0.01%
	MTCH	F	0.01%
	LECO	C	0.01%
	MSCI	A	0.01%
	FDS	A	0.01%
	COTY	F	0.01%
	LBRT	F	0.01%
	DY	C	0.01%
	CRL	D	0.01%
	JKHY	D	0.01%
	ASH	F	0.01%
	ICUI	D	0.01%
	NVST	C	0.01%
	CTLT	C	0.01%
	ASGN	D	0.01%
	CHDN	C	0.01%
	ACIW	B	0.01%
	AMR	C	0.01%
	DCI	B	0.01%
	ACA	B	0.01%
	SPNT	A	0.01%
	LW	C	0.01%
	TFX	F	0.01%
	STAG	D	0.01%
	AXON	A	0.01%
	IEX	B	0.01%
	EEFT	C	0.01%
	REXR	F	0.01%
	PEB	F	0.01%
	ASO	F	0.01%
	GNL	D	0.01%
	FRT	B	0.01%
	TALO	C	0.01%
	ANDE	C	0.01%
	QRVO	F	0.01%
	FR	D	0.01%
	LITE	A	0.01%
	HUBG	A	0.01%
	AOS	F	0.01%
	WWW	A	0.01%
	ATR	B	0.01%
	VBTX	A	0.01%
	DBX	C	0.01%
	RGLD	C	0.01%
	TKR	F	0.01%
	AYI	A	0.01%
	ITT	A	0.01%
	COLM	B	0.01%
	EPAM	B	0.01%
	AORT	B	0.0%
	VICR	B	0.0%
	NPK	B	0.0%
	XPEL	B	0.0%
	WOLF	F	0.0%
	NARI	C	0.0%
	LESL	C	0.0%
	VCEL	A	0.0%
	AGYS	A	0.0%
	MSEX	B	0.0%
	GOGO	C	0.0%
	PGNY	F	0.0%
	EMBC	C	0.0%
	PCRX	C	0.0%
	STAA	F	0.0%
	CLB	C	0.0%
	CELH	F	0.0%
	TNDM	F	0.0%
	CERT	F	0.0%
	RGNX	F	0.0%
	ELF	C	0.0%
	TTGT	C	0.0%
	ARWR	D	0.0%
	NABL	F	0.0%
	CRSR	C	0.0%
	TGI	A	0.0%
	COHU	D	0.0%
	HCI	B	0.0%
	LQDT	A	0.0%
	MYE	F	0.0%
	BMI	B	0.0%
	JBSS	F	0.0%
	SNCY	B	0.0%
	AAON	A	0.0%
	NXRT	A	0.0%
	SEDG	F	0.0%
	BJRI	A	0.0%
	ICHR	C	0.0%
	CEVA	B	0.0%
	MXL	C	0.0%
	GKOS	B	0.0%
	SHEN	F	0.0%
	IIIN	C	0.0%
	SITM	B	0.0%
	MGPI	D	0.0%
	CARS	B	0.0%
	DGII	B	0.0%
	AHH	D	0.0%
	GPRE	F	0.0%
	DV	C	0.0%
	TRUP	A	0.0%
	WING	F	0.0%
	CYTK	D	0.0%
	WSR	B	0.0%
	CENT	C	0.0%
	THRY	F	0.0%
	ASTE	B	0.0%
	COLL	F	0.0%
	SLAB	F	0.0%
	IRWD	D	0.0%
	EPAC	B	0.0%
	PAYO	A	0.0%
	VECO	F	0.0%
	PEN	B	0.0%
	CTS	B	0.0%
	RGR	F	0.0%
	HRMY	D	0.0%
	USNA	C	0.0%
	THRM	F	0.0%
	CPRX	C	0.0%
	VVI	A	0.0%
	SXI	A	0.0%
	XNCR	B	0.0%
	YETI	F	0.0%
	PRLB	B	0.0%
	SPSC	D	0.0%
	LNN	B	0.0%
	KNSL	C	0.0%
	SONO	C	0.0%
	PRVA	B	0.0%
	GDEN	B	0.0%
	MTUS	F	0.0%
	HTLD	B	0.0%
	HSII	B	0.0%
	POWI	D	0.0%
	KOP	C	0.0%
	ALRM	C	0.0%
	AMPH	F	0.0%
	WDFC	A	0.0%
	ALG	B	0.0%
	AOSL	F	0.0%
	WNC	C	0.0%
	EXTR	B	0.0%
	MATW	C	0.0%
	BLKB	D	0.0%
	DFIN	D	0.0%
	LIVN	C	0.0%
	FTRE	D	0.0%
	MYGN	F	0.0%
	CNMD	C	0.0%
	CALX	F	0.0%
	EYE	C	0.0%
	JOE	F	0.0%
	RCUS	F	0.0%
	HLIT	F	0.0%
	BSIG	A	0.0%
	UHT	D	0.0%
	UFPT	C	0.0%
	REX	C	0.0%
	QLYS	C	0.0%
	USPH	C	0.0%
	PLMR	A	0.0%
	AMSF	A	0.0%
	SMP	C	0.0%
	NX	C	0.0%
	EXPO	D	0.0%
	ACLS	F	0.0%
	RAMP	C	0.0%
	AIR	B	0.0%
	AZTA	F	0.0%
	VIAV	B	0.0%
	ETD	D	0.0%
	HTZ	C	0.0%
	LSCC	D	0.0%
	HAYN	A	0.0%
	VRRM	D	0.0%
	BGS	F	0.0%
	FLGT	F	0.0%
	NVEE	F	0.0%
	NVRI	F	0.0%
	DVAX	C	0.0%
	FOXF	F	0.0%
	CNSL	A	0.0%
	AMBC	C	0.0%
	MRTN	C	0.0%
	ENV	B	0.0%
	FBRT	C	0.0%
	TWI	F	0.0%
	MANH	D	0.0%
	BOX	B	0.0%
	HZO	F	0.0%
	EVTC	C	0.0%
	NTCT	B	0.0%
	TR	A	0.0%
	LKFN	A	0.0%
	NEO	C	0.0%
	PRGS	B	0.0%
	HAYW	A	0.0%
	UTL	C	0.0%
	NEOG	D	0.0%
	ROG	D	0.0%
	SVC	F	0.0%
	CRVL	B	0.0%
	PLNT	A	0.0%
	SAM	B	0.0%
	ASTH	F	0.0%
	PAHC	A	0.0%
	TRIP	D	0.0%
	TILE	A	0.0%
	FIVE	F	0.0%
	CSR	A	0.0%
	HELE	C	0.0%
	VTOL	B	0.0%
	DXPE	A	0.0%
	ADUS	D	0.0%
	RMBS	C	0.0%
	MTRN	C	0.0%
	IPAR	C	0.0%
	PRAA	C	0.0%
	TECH	D	0.0%
	PLAY	C	0.0%
	ZI	D	0.0%
	BFS	C	0.0%
	ROCK	C	0.0%
	SUPN	B	0.0%
	PRA	A	0.0%
	SMTC	C	0.0%
	MSA	D	0.0%
	ALEX	B	0.0%
	TRST	A	0.0%
	CAL	D	0.0%
	TFIN	A	0.0%
	GO	C	0.0%

VLU Underweight 62 Positions Relative to VYM

	Symbol	Grade	Weight
	BLK	A	-0.79%
	APO	A	-0.37%
	ARES	B	-0.16%
	CCEP	D	-0.09%
	BAP	A	-0.07%
	DOX	D	-0.06%
	SCCO	F	-0.06%
	RPRX	F	-0.06%
	WAL	A	-0.05%
	CNH	D	-0.05%
	BPOP	C	-0.04%
	XP	F	-0.04%
	CRBG	B	-0.04%
	ACI	C	-0.04%
	TPG	B	-0.03%
	OMF	A	-0.03%
	SIRI	C	-0.03%
	AXS	A	-0.03%
	YOU	D	-0.02%
	EBC	A	-0.02%
	STNG	F	-0.02%
	DNB	B	-0.02%
	GLNG	C	-0.02%
	HUN	F	-0.02%
	UI	A	-0.01%
	CNA	C	-0.01%
	SRCE	A	-0.01%
	WMK	B	-0.01%
	DK	D	-0.01%
	DDS	B	-0.01%
	SCS	A	-0.01%
	SASR	A	-0.01%
	SFL	F	-0.01%
	AY	A	-0.01%
	HEES	B	-0.01%
	SYBT	A	-0.01%
	NTB	B	-0.01%
	REYN	D	-0.01%
	WSBC	A	-0.01%
	WLY	B	-0.01%
	TROX	F	-0.01%
	NMRK	B	-0.01%
	ADTN	A	-0.01%
	VGR	B	-0.01%
	FRME	A	-0.01%
	TOWN	A	-0.01%
	SBLK	D	-0.01%
	HTLF	A	-0.01%
	BOKF	A	-0.01%
	FIBK	A	-0.01%
	IGT	F	-0.01%
	VIRT	A	-0.01%
	AGR	A	-0.01%
	NOMD	D	-0.01%
	MGRC	B	-0.01%
	SPB	C	-0.01%
	CNS	B	-0.01%
	RRR	D	-0.01%
	RBCAA	A	-0.0%
	NFE	F	-0.0%
	TFSL	A	-0.0%
	FG	A	-0.0%

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 Specialty Retail Asset Management 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

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Semiconductors Capital Markets Chemicals Credit Services Drug Manufacturers - Major Insurance - Diversified Packaging & Containers

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Insurance Products Mining Chemical Commercial Bank Life Insurance Trust Services Cash Management Electronics