VTWG vs. FMAT ETF Comparison

Comparison of Vanguard Russell 2000 Growth ETF (VTWG) to Fidelity MSCI Materials Index ETF (FMAT)

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000Â® Growth Index. The index is designed to measure the performance of small-capitalization growth stocks in the United States. 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

$214.16

Average Daily Volume

32,374

Number of Holdings ^*

971

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.34

Average Daily Volume

32,725

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	VTWG	FMAT
30 Days	0.44%	-4.58%
60 Days	6.14%	0.18%
90 Days	8.18%	3.23%
12 Months	34.12%	18.24%

24 Overlapping Holdings

Symbol	Grade	Weight in VTWG	Weight in FMAT	Overlap
AMR	C	0.19%	0.18%	0.18%
ASPN	F	0.03%	0.07%	0.03%
BCPC	B	0.41%	0.39%	0.39%
CBT	C	0.44%	0.44%	0.44%
CENX	A	0.06%	0.08%	0.06%
CRS	A	0.55%	0.56%	0.55%
FUL	F	0.09%	0.29%	0.09%
HWKN	C	0.18%	0.16%	0.16%
IE	C	0.05%	0.05%	0.05%
IOSP	C	0.18%	0.2%	0.18%
KALU	C	0.08%	0.09%	0.08%
KNF	B	0.37%	0.37%	0.37%
KWR	C	0.17%	0.17%	0.17%
METC	C	0.02%	0.02%	0.02%
MTRN	C	0.16%	0.17%	0.16%
MYE	F	0.04%	0.03%	0.03%
NGVT	B	0.1%	0.11%	0.1%
OEC	C	0.07%	0.07%	0.07%
PCT	C	0.02%	0.1%	0.02%
PTVE	C	0.0%	0.04%	0.0%
SCL	D	0.01%	0.12%	0.01%
SLVM	B	0.05%	0.22%	0.05%
SXT	C	0.23%	0.2%	0.2%
USLM	A	0.07%	0.11%	0.07%

VTWG Overweight 947 Positions Relative to FMAT

Symbol	Grade	Weight
PCVX	D	0.99%
INSM	D	0.84%
SFM	A	0.81%
AIT	A	0.63%
FN	C	0.63%
ENSG	D	0.58%
MLI	B	0.56%
LNTH	F	0.55%
FLR	B	0.54%
SPSC	D	0.53%
HALO	D	0.52%
ANF	C	0.51%
MOD	C	0.5%
HQY	A	0.5%
NOVT	D	0.47%
BMI	B	0.47%
HLNE	A	0.47%
CVLT	B	0.46%
RHP	B	0.46%
GKOS	B	0.46%
CWST	A	0.45%
VRNS	D	0.45%
EXLS	B	0.44%
NSIT	F	0.44%
CSWI	B	0.44%
IBP	F	0.43%
MOG.A	B	0.42%
CHX	C	0.42%
BPMC	D	0.42%
EXPO	D	0.42%
DY	C	0.41%
FSS	C	0.41%
MMSI	A	0.41%
WTS	A	0.41%
MMS	D	0.41%
ALTR	B	0.4%
ZETA	F	0.39%
GTLS	A	0.39%
ACIW	B	0.39%
BCO	F	0.38%
AVAV	C	0.38%
TMDX	F	0.37%
BECN	B	0.37%
ZWS	B	0.36%
PIPR	A	0.36%
BOOT	C	0.36%
RNA	C	0.36%
PI	D	0.36%
FELE	B	0.35%
QLYS	C	0.35%
TENB	D	0.35%
FFIN	A	0.35%
SIGI	A	0.35%
MC	B	0.35%
BOX	B	0.34%
VRRM	D	0.34%
QTWO	A	0.34%
HRI	B	0.33%
UFPI	C	0.33%
ADMA	C	0.33%
RVMD	B	0.33%
KRYS	D	0.33%
KTB	A	0.33%
RDNT	B	0.33%
ALKS	B	0.33%
RMBS	C	0.33%
STRL	B	0.32%
ITRI	B	0.32%
OSCR	F	0.3%
SHAK	B	0.29%
AEIS	B	0.29%
KAI	A	0.29%
CRDO	C	0.29%
CRNX	C	0.29%
WK	B	0.29%
HAE	A	0.29%
RXO	C	0.28%
CWAN	B	0.28%
MGY	A	0.28%
WHD	B	0.28%
SLAB	F	0.27%
MDGL	C	0.27%
CORT	B	0.27%
ENS	D	0.27%
FTDR	B	0.27%
WDFC	A	0.26%
STEP	A	0.26%
NUVL	D	0.26%
AXNX	A	0.26%
SHOO	D	0.26%
FORM	F	0.26%
CVCO	A	0.26%
IDCC	A	0.26%
ACLX	C	0.26%
POWI	D	0.26%
MARA	B	0.26%
LRN	A	0.26%
MWA	A	0.25%
AROC	A	0.25%
RKLB	B	0.25%
PRCT	B	0.25%
ACLS	F	0.25%
LANC	D	0.25%
HIMS	C	0.25%
BLKB	D	0.25%
TDW	F	0.25%
SGBX	F	0.25%
AEO	F	0.24%
EVH	F	0.24%
GMS	A	0.24%
TGTX	B	0.24%
AXSM	B	0.24%
CCOI	B	0.24%
TNET	F	0.23%
ATKR	C	0.23%
ICFI	F	0.23%
FOLD	F	0.23%
PJT	A	0.23%
SITM	B	0.23%
NSP	F	0.23%
ENV	B	0.23%
SMPL	B	0.23%
BL	B	0.23%
CBZ	B	0.23%
SMTC	C	0.22%
DORM	B	0.22%
LCII	D	0.22%
AUR	D	0.22%
ROAD	B	0.22%
ACVA	A	0.22%
ITGR	B	0.22%
EAT	A	0.22%
PATK	C	0.22%
UPST	B	0.22%
SQSP	A	0.21%
PRGS	B	0.21%
PRIM	A	0.21%
RYTM	C	0.21%
GVA	A	0.21%
CRVL	B	0.21%
DYN	F	0.21%
YOU	D	0.21%
GH	B	0.2%
APAM	A	0.2%
TNDM	F	0.2%
TBBK	A	0.19%
ARCB	C	0.19%
MGRC	B	0.19%
SEM	B	0.19%
VC	F	0.19%
HBI	A	0.19%
TWST	F	0.19%
PRFT	A	0.19%
TRN	A	0.19%
JJSF	C	0.19%
PTGX	D	0.19%
GFF	A	0.19%
ALRM	C	0.19%
IDYA	F	0.19%
CNS	B	0.19%
WD	D	0.19%
DOCN	D	0.19%
CARG	A	0.19%
BCC	B	0.19%
HGV	B	0.19%
SKY	A	0.18%
KLIC	C	0.18%
CNK	A	0.18%
AGYS	A	0.18%
RPD	C	0.18%
UEC	B	0.18%
ASTH	F	0.18%
OPCH	F	0.18%
OII	B	0.18%
BDC	B	0.18%
EPAC	B	0.17%
ENR	A	0.17%
VCTR	B	0.17%
YELP	C	0.17%
UFPT	C	0.17%
ARWR	D	0.17%
OSIS	A	0.17%
PLMR	A	0.17%
COMP	B	0.17%
IRTC	C	0.17%
IPAR	C	0.17%
FRSH	B	0.17%
IOVA	D	0.17%
BRZE	C	0.16%
CLSK	C	0.16%
PTCT	B	0.16%
COOP	B	0.16%
NARI	C	0.16%
EVTC	C	0.16%
SWTX	C	0.16%
CNMD	C	0.16%
CPRX	C	0.16%
BBIO	F	0.16%
VAL	F	0.16%
AZZ	B	0.15%
GSHD	A	0.15%
JOBY	B	0.15%
VCEL	A	0.15%
AI	C	0.15%
NATL	B	0.15%
POWL	C	0.15%
DNLI	C	0.15%
VERX	A	0.15%
JOE	F	0.15%
KYMR	C	0.15%
CSTM	F	0.15%
PRVA	B	0.14%
AMPH	F	0.14%
INTA	B	0.14%
LMAT	A	0.14%
KOS	D	0.14%
HURN	B	0.14%
BE	A	0.14%
EWTX	C	0.14%
CAKE	A	0.14%
FLYW	B	0.14%
MQ	F	0.14%
UPBD	B	0.13%
VERA	B	0.13%
PLUS	F	0.13%
AWR	A	0.13%
UCTT	F	0.13%
RXST	F	0.13%
PAR	A	0.13%
VYX	C	0.13%
CLDX	F	0.13%
LAUR	A	0.13%
SMMT	D	0.13%
GERN	F	0.13%
STAA	F	0.13%
ACAD	C	0.13%
ALG	B	0.13%
GOLF	A	0.13%
SNDX	D	0.12%
ARVN	D	0.12%
ARDX	F	0.12%
AMN	F	0.12%
TFIN	A	0.12%
HLIT	F	0.12%
SXI	A	0.12%
PAYO	A	0.12%
ESE	A	0.12%
RAMP	C	0.12%
IESC	B	0.12%
IMVT	D	0.12%
OSW	B	0.12%
NVCR	D	0.12%
MYRG	B	0.12%
STNE	F	0.12%
PFSI	D	0.12%
CALX	F	0.12%
PD	C	0.12%
KROS	C	0.12%
HEES	B	0.11%
OTTR	C	0.11%
PSMT	D	0.11%
THRM	F	0.11%
RDFN	D	0.11%
CHEF	B	0.11%
AESI	D	0.11%
PTON	B	0.11%
AGM	A	0.11%
MIRM	A	0.11%
KTOS	B	0.11%
BLBD	F	0.11%
TGLS	A	0.11%
MGNI	A	0.11%
VECO	F	0.11%
BCRX	D	0.11%
RXRX	F	0.11%
OCUL	C	0.1%
BKE	A	0.1%
SONO	C	0.1%
SOUN	C	0.1%
INFN	C	0.1%
HROW	D	0.1%
APPN	B	0.1%
NVAX	F	0.1%
FLNC	D	0.1%
WWW	A	0.1%
TRUP	A	0.1%
SKT	A	0.1%
WT	A	0.1%
ALKT	B	0.1%
PGNY	F	0.1%
KURA	F	0.1%
JAMF	F	0.1%
WRBY	A	0.1%
NSSC	F	0.1%
LOB	A	0.1%
MGEE	A	0.1%
ENVX	F	0.1%
JBI	F	0.1%
SPT	C	0.1%
CSGS	A	0.1%
VRTS	A	0.09%
DVAX	C	0.09%
MGPI	D	0.09%
ALHC	C	0.09%
SAVA	C	0.09%
ZUO	A	0.09%
HRMY	D	0.09%
HNI	A	0.09%
TARS	B	0.09%
AGL	F	0.09%
RCKT	F	0.09%
RRR	D	0.09%
TPH	D	0.09%
AGX	B	0.09%
COLL	F	0.09%
PHR	F	0.09%
USPH	C	0.09%
JANX	C	0.09%
MNKD	B	0.09%
PZZA	D	0.09%
UPWK	B	0.09%
SDGR	D	0.08%
VRDN	C	0.08%
OUT	C	0.08%
ASO	F	0.08%
LBPH	A	0.08%
HLIO	B	0.08%
CGON	D	0.08%
TRNS	F	0.08%
COUR	F	0.08%
MXL	C	0.08%
DFIN	D	0.08%
XPEL	B	0.08%
PLAY	C	0.08%
FIZZ	B	0.08%
AMRX	C	0.08%
PLXS	B	0.08%
BKD	F	0.08%
AMBA	B	0.08%
KLG	F	0.08%
REVG	A	0.08%
CTS	B	0.08%
VITL	F	0.08%
KFRC	D	0.08%
SPNS	F	0.08%
ARLO	D	0.08%
SFBS	A	0.08%
EXPI	C	0.08%
CRAI	B	0.08%
WOR	F	0.08%
EOLS	F	0.07%
OXM	F	0.07%
WLY	B	0.07%
JACK	D	0.07%
SMR	B	0.07%
MRVI	F	0.07%
ADUS	D	0.07%
DNUT	D	0.07%
COGT	D	0.07%
NABL	F	0.07%
ASGN	D	0.07%
ASAN	C	0.07%
RVLV	A	0.07%
CMPR	F	0.07%
SHLS	F	0.07%
CXM	C	0.07%
PDFS	D	0.07%
ERII	B	0.07%
ARQT	D	0.07%
CDRE	D	0.07%
NRIX	C	0.07%
VZIO	A	0.07%
QNST	C	0.07%
ARRY	C	0.07%
EXTR	B	0.07%
DFH	F	0.07%
GPOR	A	0.07%
MCRI	A	0.07%
ROCK	C	0.07%
PNTG	D	0.07%
WULF	C	0.07%
ATEN	A	0.07%
CWH	B	0.07%
GSAT	B	0.06%
LMB	A	0.06%
CGEM	F	0.06%
XMTR	C	0.06%
SM	C	0.06%
FSLY	D	0.06%
ANIP	D	0.06%
UTZ	D	0.06%
KBH	D	0.06%
AORT	B	0.06%
BLFS	D	0.06%
TNC	F	0.06%
GRC	B	0.06%
RSI	B	0.06%
CECO	C	0.06%
AMSC	C	0.06%
MEG	F	0.06%
CWT	C	0.06%
RCUS	F	0.06%
JBSS	F	0.06%
PRO	C	0.06%
PAGS	F	0.06%
ELVN	C	0.06%
DRVN	A	0.06%
ATRC	C	0.06%
BLND	B	0.06%
CLB	C	0.06%
BBSI	A	0.06%
IMAX	B	0.06%
HCI	B	0.06%
PUBM	D	0.05%
LPRO	C	0.05%
BASE	C	0.05%
LPG	F	0.05%
TTGT	C	0.05%
TPB	A	0.05%
DAWN	D	0.05%
UTI	A	0.05%
HI	C	0.05%
ANAB	F	0.05%
CDMO	A	0.05%
ACHR	B	0.05%
LNN	B	0.05%
APLD	C	0.05%
AIN	C	0.05%
PECO	A	0.05%
ZIP	D	0.05%
IBUY	B	0.05%
URBN	C	0.05%
BLMN	F	0.05%
SSTK	F	0.05%
LMND	A	0.05%
BSIG	A	0.05%
CVI	D	0.05%
ACMR	F	0.05%
UDMY	D	0.05%
SPRY	C	0.05%
GRBK	D	0.05%
AUPH	B	0.05%
YEXT	A	0.05%
VVI	A	0.05%
IMNM	F	0.05%
CASS	B	0.04%
YMAB	D	0.04%
PRMW	C	0.04%
DJCO	B	0.04%
APOG	B	0.04%
LQDT	A	0.04%
UHT	D	0.04%
APLT	C	0.04%
SRRK	C	0.04%
AHCO	D	0.04%
WEAV	B	0.04%
NRDS	C	0.04%
SLP	F	0.04%
PLOW	D	0.04%
ALX	D	0.04%
PLAB	D	0.04%
ATGE	B	0.04%
ABUS	D	0.04%
MCW	B	0.04%
EVER	F	0.04%
VICR	B	0.04%
TREE	F	0.04%
REAX	C	0.04%
ARHS	F	0.04%
EU	F	0.04%
THRY	F	0.04%
RVNC	F	0.04%
WVE	C	0.04%
MAX	F	0.04%
NEXT	B	0.04%
SGHC	A	0.04%
LEU	C	0.04%
XNCR	B	0.04%
SANA	F	0.04%
NNBR	C	0.04%
CYTK	D	0.04%
EVRI	A	0.04%
SEMR	D	0.04%
CCB	A	0.04%
OSPN	B	0.04%
ATEC	C	0.04%
LQDA	F	0.04%
PTLO	F	0.04%
IMXI	B	0.04%
AXGN	D	0.04%
DBRG	D	0.04%
HCKT	A	0.04%
FA	D	0.04%
ACEL	B	0.04%
GDYN	C	0.04%
PAX	C	0.04%
AIV	C	0.04%
CAL	D	0.03%
SRDX	C	0.03%
MNTK	F	0.03%
TSHA	D	0.03%
LESL	C	0.03%
CDNA	D	0.03%
NRC	F	0.03%
SKWD	A	0.03%
FDMT	F	0.03%
DSGR	C	0.03%
CCS	F	0.03%
AEHR	F	0.03%
PPTA	A	0.03%
DHIL	A	0.03%
NPO	A	0.03%
CTRE	D	0.03%
ALEC	F	0.03%
AX	A	0.03%
URGN	F	0.03%
PX	A	0.03%
WRLD	D	0.03%
CELC	F	0.03%
TTI	B	0.03%
NVEC	D	0.03%
DMRC	D	0.03%
BAND	C	0.03%
SVRA	F	0.03%
AMSF	A	0.03%
CBL	B	0.03%
ESQ	B	0.03%
BFS	C	0.03%
CTLP	B	0.03%
XERS	C	0.03%
MITK	C	0.03%
CRGY	A	0.03%
IRMD	B	0.03%
MNMD	B	0.03%
BYND	F	0.03%
CRMD	C	0.03%
PRTA	F	0.03%
AMRC	F	0.03%
CYH	F	0.03%
IDT	B	0.03%
BIGC	C	0.03%
GCMG	B	0.03%
STOK	D	0.03%
BBW	B	0.03%
AGS	A	0.03%
HY	F	0.03%
LFST	C	0.03%
KALV	F	0.03%
SIBN	D	0.03%
AIR	B	0.03%
INOD	B	0.03%
FLNG	D	0.03%
FC	F	0.03%
ENFN	A	0.03%
GIC	F	0.03%
ARCT	F	0.03%
CASH	A	0.03%
JELD	F	0.03%
CIFR	B	0.03%
FWRG	C	0.03%
IBTA	C	0.03%
VSCO	A	0.03%
KRUS	C	0.03%
CEVA	B	0.03%
HUMA	F	0.03%
TYRA	F	0.03%
HLF	C	0.03%
SNCY	B	0.02%
VSEC	B	0.02%
MCY	A	0.02%
NOG	A	0.02%
WTI	F	0.02%
EWCZ	D	0.02%
LNZA	F	0.02%
LOVE	A	0.02%
SERA	F	0.02%
REAL	B	0.02%
MRTN	C	0.02%
GCBC	B	0.02%
TRAK	A	0.02%
JBT	B	0.02%
SNEX	A	0.02%
PRME	F	0.02%
SGHT	F	0.02%
CBRL	C	0.02%
MLAB	F	0.02%
ABSI	F	0.02%
SYNA	C	0.02%
ULCC	B	0.02%
PBPB	B	0.02%
SIGA	F	0.02%
IGMS	F	0.02%
DENN	C	0.02%
LIND	A	0.02%
HTLD	B	0.02%
NMIH	D	0.02%
ALT	C	0.02%
CSTL	C	0.02%
HSTM	B	0.02%
TDOC	C	0.02%
SAH	A	0.02%
NVEE	F	0.02%
SKYT	F	0.02%
NTST	D	0.02%
OLO	B	0.02%
BANF	A	0.02%
OCGN	F	0.02%
DOMO	C	0.02%
BLZE	D	0.02%
TH	C	0.02%
EGHT	C	0.02%
CRCT	F	0.02%
LAZR	C	0.02%
IIIN	C	0.02%
FBP	A	0.02%
RCEL	C	0.02%
LRMR	D	0.02%
TMCI	C	0.02%
BMEA	F	0.02%
RIOT	B	0.02%
INST	B	0.02%
MIR	A	0.02%
SFL	F	0.02%
CYRX	D	0.02%
SABR	B	0.02%
GRND	B	0.02%
BYRN	A	0.02%
NIC	A	0.02%
CHPT	F	0.02%
XPOF	B	0.02%
CMPO	C	0.02%
GHM	A	0.02%
WERN	B	0.02%
CENTA	C	0.02%
HLX	D	0.02%
DIOD	F	0.02%
NNOX	D	0.02%
FNA	B	0.02%
RDVT	B	0.02%
CERS	D	0.02%
LUNG	F	0.02%
EAF	B	0.02%
PDCO	F	0.02%
LYTS	A	0.02%
BWMN	C	0.02%
PLSE	C	0.02%
IGT	F	0.02%
SRCL	B	0.02%
VGR	B	0.02%
ICHR	C	0.02%
AKRO	C	0.02%
DK	D	0.02%
CAPR	B	0.02%
PRG	A	0.02%
LWLG	D	0.02%
MDXG	A	0.02%
MLNK	C	0.02%
BJRI	A	0.02%
CSV	B	0.02%
ATEX	F	0.02%
PBI	C	0.02%
DAKT	A	0.01%
AVO	B	0.01%
NWPX	A	0.01%
LXRX	F	0.01%
OVID	D	0.01%
YORW	D	0.01%
AKYA	D	0.01%
NGVC	A	0.01%
INMB	F	0.01%
MAPS	C	0.01%
FOR	F	0.01%
NRDY	F	0.01%
CCO	D	0.01%
ODC	D	0.01%
BLNK	F	0.01%
REKR	F	0.01%
VERU	F	0.01%
OMER	B	0.01%
EP	C	0.01%
CVGW	C	0.01%
MLYS	D	0.01%
STKS	F	0.01%
EMBC	C	0.01%
EVI	D	0.01%
MODV	C	0.01%
GCO	B	0.01%
CTGO	F	0.01%
RCKY	F	0.01%
QUAD	B	0.01%
ESPR	C	0.01%
GLSI	F	0.01%
SCWO	F	0.01%
EVEX	F	0.01%
AMWD	B	0.01%
IAS	D	0.01%
STTK	F	0.01%
CWCO	C	0.01%
DC	F	0.01%
INVA	C	0.01%
GNE	F	0.01%
FULC	F	0.01%
NPCE	C	0.01%
ACCD	F	0.01%
MRAM	D	0.01%
NTIC	C	0.01%
EGAN	C	0.01%
GOOD	B	0.01%
UVE	A	0.01%
LKFN	A	0.01%
ACHV	F	0.01%
AQST	D	0.01%
THR	C	0.01%
PFIS	A	0.01%
SSTI	F	0.01%
STXS	C	0.01%
ULH	B	0.01%
PKE	B	0.01%
STGW	B	0.01%
KFS	B	0.01%
QUIK	F	0.01%
IRON	C	0.01%
DESP	A	0.01%
TILE	A	0.01%
SKIN	D	0.01%
RILY	F	0.01%
LAW	D	0.01%
AVXL	C	0.01%
INBK	A	0.01%
MGTX	B	0.01%
FFWM	B	0.01%
PAHC	A	0.01%
BBAI	C	0.01%
GRPN	F	0.01%
SMLR	B	0.01%
MRSN	C	0.01%
XFOR	F	0.01%
SUPN	B	0.01%
LFMD	C	0.01%
TIPT	A	0.01%
CTOS	B	0.01%
BDTX	F	0.01%
LWAY	D	0.01%
CVRX	C	0.01%
HNST	A	0.01%
PEPG	F	0.01%
SMTI	C	0.01%
ACIC	B	0.01%
TAYD	F	0.01%
PRCH	B	0.01%
BRY	F	0.01%
PSTL	C	0.01%
TRVI	F	0.01%
JILL	C	0.01%
PAYS	F	0.01%
PRTH	B	0.01%
OLMA	F	0.01%
PETQ	A	0.01%
SPNT	A	0.01%
CDZI	B	0.01%
JYNT	D	0.01%
ZYXI	D	0.01%
SKYH	A	0.01%
MVIS	F	0.01%
PLUG	D	0.01%
KLTR	A	0.01%
CDLX	D	0.01%
SCPH	F	0.01%
LCTX	D	0.01%
INFU	B	0.01%
CHCO	A	0.01%
OPRX	F	0.01%
XOMA	B	0.01%
PHAT	F	0.01%
TSQ	C	0.01%
CADL	F	0.01%
QRHC	F	0.01%
MDWD	F	0.01%
FHTX	C	0.01%
BTMD	D	0.01%
ORIC	D	0.01%
GWRS	C	0.01%
MSEX	B	0.01%
SMID	B	0.01%
NEO	C	0.01%
ADCT	F	0.01%
REX	C	0.01%
HEAR	C	0.01%
MLP	C	0.01%
AEYE	C	0.01%
EVCM	B	0.01%
BRCC	F	0.01%
BVS	D	0.01%
ARAY	D	0.01%
KNTK	A	0.01%
TCX	F	0.01%
INMD	C	0.01%
DSP	A	0.01%
MGNX	D	0.01%
LIVN	C	0.01%
GAMB	A	0.01%
LGIH	F	0.01%
LBRT	F	0.01%
OFLX	C	0.01%
PESI	C	0.01%
KRT	A	0.01%
CDXC	B	0.01%
ZURA	D	0.01%
ALTG	C	0.01%
OMI	F	0.01%
CALM	A	0.01%
EYPT	D	0.01%
PFMT	F	0.01%
NBR	D	0.01%
WKC	C	0.01%
UMH	C	0.01%
AVAH	B	0.01%
RGR	F	0.01%
KREF	D	0.01%
EB	C	0.01%
RICK	B	0.01%
IRWD	D	0.01%
ANDE	C	0.01%
GOGO	C	0.01%
NATH	B	0.01%
INDI	C	0.01%
INSE	B	0.01%
MASS	F	0.0%
LLAP	F	0.0%
QRTEB	F	0.0%
GRWG	F	0.0%
LYRA	F	0.0%
BSVN	A	0.0%
SES	F	0.0%
RSVR	B	0.0%
SPCE	D	0.0%
ATLC	A	0.0%
TDUP	C	0.0%
PGEN	F	0.0%
QIPT	F	0.0%
ULBI	F	0.0%
HLVX	D	0.0%
VIRC	C	0.0%
VGAS	C	0.0%
RMNI	C	0.0%
LUNR	B	0.0%
RENB	F	0.0%
HOWL	F	0.0%
CZFS	A	0.0%
FBIZ	A	0.0%
PLPC	B	0.0%
ELEV	F	0.0%
EVC	B	0.0%
AMPX	C	0.0%
APEI	B	0.0%
ORGO	B	0.0%
BOC	D	0.0%
CTV	D	0.0%
HRTX	F	0.0%
MEC	D	0.0%
DIBS	F	0.0%
CDXS	C	0.0%
RGLS	F	0.0%
CIX	B	0.0%
TERN	F	0.0%
AKBA	C	0.0%
SHYF	C	0.0%
FENC	F	0.0%
ANET	C	0.0%
SST	F	0.0%
AVTE	D	0.0%
LSEA	F	0.0%
CLBK	B	0.0%
ORN	C	0.0%
ALDX	F	0.0%
VRCA	F	0.0%
LASR	F	0.0%
DLHC	F	0.0%
HBIO	F	0.0%
IIIV	B	0.0%
TNYA	D	0.0%
CHRS	F	0.0%
SGC	C	0.0%
RM	D	0.0%
FUBO	F	0.0%
ATOS	D	0.0%
GALT	C	0.0%
MITT	D	0.0%
VALU	A	0.0%
INNV	D	0.0%
NATR	B	0.0%
PBYI	D	0.0%
CHCT	C	0.0%
OOMA	A	0.0%
MPX	C	0.0%
METCB	C	0.0%
CRDF	D	0.0%
CENT	C	0.0%
MLR	B	0.0%
RDW	A	0.0%
HCAT	C	0.0%
AOMR	D	0.0%
NGS	A	0.0%
USCB	A	0.0%
REPX	A	0.0%
MCBS	A	0.0%
MYFW	A	0.0%
CABA	F	0.0%
PLL	C	0.0%
EPM	A	0.0%
FG	A	0.0%
OABI	D	0.0%
CMRE	B	0.0%
GMGI	C	0.0%
QBTS	B	0.0%
ITIC	A	0.0%
OUST	C	0.0%
CURV	D	0.0%
SWBI	D	0.0%
FIGS	F	0.0%
FLWS	D	0.0%
PCRX	C	0.0%
OBIO	C	0.0%
AHH	D	0.0%
HDSN	F	0.0%
EYE	C	0.0%
SHBI	A	0.0%
PSTX	D	0.0%
ARKO	D	0.0%
CLPR	D	0.0%
ATNM	D	0.0%
DXPE	A	0.0%
BMBL	C	0.0%
EGY	F	0.0%
DIN	C	0.0%
ALXO	F	0.0%
ANIK	D	0.0%
DCGO	B	0.0%
OPEN	F	0.0%
HQI	B	0.0%
HOV	F	0.0%
AIRS	C	0.0%
QTRX	D	0.0%
TTSH	D	0.0%
VTSI	C	0.0%
CRSR	C	0.0%
BOOM	F	0.0%

VTWG Underweight 86 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	D	-15.16%
SHW	B	-6.26%
FCX	F	-4.73%
APD	A	-4.71%
ECL	D	-4.29%
NEM	F	-3.53%
CTVA	D	-2.77%
NUE	D	-2.62%
VMC	B	-2.6%
MLM	B	-2.58%
DD	D	-2.45%
DOW	F	-2.33%
PPG	F	-2.0%
SW	A	-1.88%
IFF	D	-1.57%
LYB	F	-1.54%
STLD	B	-1.5%
PKG	B	-1.46%
IP	A	-1.31%
BALL	D	-1.26%
RS	B	-1.25%
RPM	A	-1.17%
AVY	D	-1.12%
CF	A	-1.05%
AMCR	C	-1.0%
EMN	C	-0.82%
ALB	C	-0.8%
ATR	B	-0.78%
CCK	D	-0.76%
AA	A	-0.73%
EXP	B	-0.71%
RGLD	C	-0.66%
CE	F	-0.66%
X	D	-0.64%
MOS	D	-0.62%
GPK	D	-0.6%
AXTA	A	-0.59%
BERY	D	-0.52%
FMC	F	-0.51%
CMC	B	-0.48%
LPX	A	-0.48%
ATI	D	-0.48%
CLF	F	-0.45%
ESI	B	-0.45%
SUM	B	-0.41%
WLK	F	-0.36%
OLN	F	-0.35%
SON	D	-0.34%
SEE	B	-0.34%
AVNT	A	-0.32%
SLGN	B	-0.31%
NEU	C	-0.27%
ASH	F	-0.26%
HCC	B	-0.26%
HUN	F	-0.24%
HL	D	-0.24%
CC	C	-0.21%
SMG	D	-0.21%
ARCH	B	-0.2%
MTX	B	-0.18%
CDE	D	-0.18%
MP	B	-0.17%
OI	C	-0.14%
PRM	C	-0.13%
GEF	A	-0.11%
WS	B	-0.1%
TROX	F	-0.1%
SXC	A	-0.07%
TRS	D	-0.07%
ASIX	B	-0.06%
ECVT	C	-0.06%
GATO	D	-0.05%
MATV	F	-0.05%
HAYN	A	-0.05%
RYI	B	-0.05%
KOP	C	-0.05%
RDUS	C	-0.04%
MTUS	F	-0.04%
ZEUS	C	-0.03%
LXU	C	-0.03%
CMP	B	-0.03%
CLW	F	-0.03%
MERC	F	-0.02%
KRO	D	-0.02%
GEF	A	-0.02%
PACK	C	-0.02%