VOE vs. BRNY ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to Burney U.S. Factor Rotation ETF (BRNY)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size 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

$174.14

Average Daily Volume

260,328

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$42.96

Average Daily Volume

10,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VOE	BRNY
30 Days	3.57%	7.37%
60 Days	4.57%	9.01%
90 Days	7.52%	10.60%
12 Months	31.70%	43.45%

14 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in BRNY	Overlap
ACGL	D	0.78%	0.24%	0.24%
ALL	A	1.1%	0.5%	0.5%
CBOE	B	0.5%	0.52%	0.5%
CNC	D	0.73%	0.34%	0.34%
COR	B	0.9%	4.56%	0.9%
EA	A	0.89%	0.8%	0.8%
EBAY	D	0.63%	0.5%	0.5%
KMI	A	0.51%	0.53%	0.51%
NTAP	C	0.53%	0.48%	0.48%
PHM	D	0.6%	0.42%	0.42%
SPG	B	0.58%	0.55%	0.55%
SYF	B	0.48%	0.54%	0.48%
VICI	C	0.74%	0.46%	0.46%
WAB	B	0.73%	3.9%	0.73%

VOE Overweight 169 Positions Relative to BRNY

Symbol	Grade	Weight
CARR	D	1.39%
AJG	B	1.37%
DLR	B	1.3%
OKE	A	1.26%
PCAR	B	1.22%
URI	B	1.2%
NEM	D	1.17%
AMP	A	1.11%
DHI	D	1.1%
FIS	C	1.09%
LHX	C	1.04%
CMI	A	1.0%
PEG	A	0.99%
KVUE	A	0.98%
PRU	A	0.97%
PCG	A	0.94%
CTVA	C	0.93%
LNG	B	0.92%
LEN	D	0.89%
CBRE	B	0.89%
OTIS	C	0.88%
EXC	C	0.87%
BKR	B	0.84%
GIS	D	0.84%
GEHC	F	0.84%
XEL	A	0.83%
DFS	B	0.83%
GLW	B	0.82%
SYY	B	0.82%
DAL	C	0.82%
CTSH	B	0.82%
KR	B	0.81%
IRM	D	0.81%
ED	D	0.78%
DOW	F	0.77%
HPQ	B	0.77%
NDAQ	A	0.76%
NUE	C	0.75%
ETR	B	0.74%
HIG	B	0.72%
MTB	A	0.72%
WMB	A	0.71%
AVB	B	0.7%
EIX	B	0.7%
DD	D	0.69%
GRMN	B	0.68%
WTW	B	0.68%
WEC	A	0.67%
FITB	A	0.66%
PPG	F	0.65%
RJF	A	0.61%
AWK	D	0.6%
VTR	C	0.6%
STT	A	0.59%
GPN	B	0.59%
ADM	D	0.59%
CAH	B	0.59%
KEYS	A	0.58%
DOV	A	0.58%
IFF	D	0.57%
UAL	A	0.57%
FTV	C	0.56%
CDW	F	0.56%
JCI	C	0.56%
BIIB	F	0.56%
HPE	B	0.56%
EQR	B	0.56%
AIG	B	0.54%
TROW	B	0.54%
AEE	A	0.52%
ES	D	0.52%
PPL	B	0.51%
FE	C	0.51%
WDC	D	0.5%
LYB	F	0.5%
HBAN	A	0.5%
WY	D	0.5%
RF	A	0.49%
DTE	C	0.49%
CINF	A	0.49%
K	A	0.49%
ZBH	C	0.48%
PKG	A	0.46%
GEV	B	0.46%
CMS	C	0.46%
CLX	B	0.44%
MCHP	D	0.44%
ZBRA	B	0.44%
MKC	D	0.44%
OMC	C	0.44%
LH	C	0.43%
CNP	B	0.43%
NTRS	A	0.43%
IP	B	0.43%
IR	B	0.43%
ARE	D	0.43%
HOLX	D	0.42%
DRI	B	0.42%
PFG	D	0.42%
BAX	D	0.41%
ESS	B	0.41%
LUV	C	0.41%
D	C	0.4%
CFG	B	0.4%
BALL	D	0.4%
SNA	A	0.39%
MAS	D	0.39%
J	F	0.39%
BBY	D	0.39%
DG	F	0.39%
ZM	B	0.39%
MAA	B	0.39%
DGX	A	0.38%
AVY	D	0.37%
TSN	B	0.37%
EXPD	D	0.37%
GPC	D	0.36%
KEY	B	0.36%
WBD	C	0.36%
WRB	A	0.36%
FNF	B	0.35%
TXT	D	0.34%
ROK	B	0.34%
GEN	B	0.34%
AKAM	D	0.34%
LNT	A	0.34%
EG	C	0.34%
RVTY	F	0.33%
L	A	0.33%
CF	B	0.33%
SWK	D	0.32%
AVTR	F	0.32%
CVNA	B	0.32%
SSNC	B	0.32%
CE	F	0.31%
VTRS	A	0.31%
CAG	D	0.31%
SWKS	F	0.31%
NVR	D	0.3%
NWSA	B	0.3%
DLTR	F	0.29%
WPC	D	0.27%
LDOS	C	0.27%
HAL	C	0.25%
FOXA	B	0.25%
HUBB	B	0.25%
STE	F	0.24%
RPRX	D	0.23%
TRU	D	0.22%
HRL	D	0.21%
MKL	A	0.21%
STLD	B	0.21%
CPB	D	0.2%
NI	A	0.18%
CRBG	B	0.17%
EL	F	0.17%
MRO	B	0.17%
DOC	D	0.17%
TRMB	B	0.16%
EVRG	A	0.15%
MGM	D	0.09%
UDR	B	0.08%
BEN	C	0.07%
WBA	F	0.07%
WLK	D	0.06%
AGR	B	0.06%
ALB	C	0.06%
LEN	D	0.06%
FOX	A	0.06%

VOE Underweight 64 Positions Relative to BRNY

Symbol	Grade	Weight
FTNT	C	-5.76%
NVDA	C	-5.18%
TXRH	C	-4.9%
META	D	-4.87%
AAPL	C	-4.6%
TOL	B	-4.33%
TT	A	-4.01%
PGR	A	-3.75%
PANW	C	-3.2%
GOOGL	C	-2.87%
MCO	B	-2.64%
EXEL	B	-2.59%
G	B	-2.02%
APP	B	-1.95%
NFLX	A	-1.92%
BRBR	A	-1.83%
QCOM	F	-1.61%
ANET	C	-1.44%
APH	A	-1.29%
COLL	F	-1.27%
UGI	A	-1.15%
EME	C	-1.12%
VERX	B	-1.02%
DOCS	C	-0.93%
PLTR	B	-0.89%
HWM	A	-0.87%
SFM	A	-0.75%
CORT	B	-0.68%
YOU	D	-0.59%
TRGP	B	-0.59%
ALSN	B	-0.56%
MS	A	-0.54%
DOCU	A	-0.53%
INCY	C	-0.53%
WFC	A	-0.53%
BURL	A	-0.51%
JPM	A	-0.51%
WING	D	-0.5%
BK	A	-0.49%
EXP	A	-0.49%
GWRE	A	-0.49%
PRG	C	-0.49%
AER	B	-0.48%
LII	A	-0.48%
GRBK	D	-0.47%
VRTX	F	-0.47%
UTHR	C	-0.46%
LIN	D	-0.46%
TGTX	B	-0.45%
AVGO	D	-0.45%
CACI	D	-0.42%
SN	D	-0.42%
ALNY	D	-0.4%
ETN	A	-0.39%
AMAT	F	-0.39%
TPH	D	-0.37%
JAMF	F	-0.36%
MMC	B	-0.36%
LOPE	B	-0.29%
ROST	C	-0.26%
TSCO	D	-0.25%
DFIN	D	-0.23%
NVT	B	-0.22%
KLAC	D	-0.2%