VONE vs. FELC ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to Fidelity Enhanced Large Cap Core ETF (FELC)

VONE

Vanguard Russell 1000 ETF

VONE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Index. The index is designed to measure the performance of large-capitalization stocks in the United States. The fund 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

$272.04

Average Daily Volume

57,733

Number of Holdings ^*

980

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	VONE	FELC
30 Days	3.73%	3.27%
60 Days	5.23%	5.09%
90 Days	7.15%	6.09%
12 Months	33.49%	33.74%

166 Overlapping Holdings

Symbol	Grade	Weight in VONE	Weight in FELC	Overlap
A	D	0.07%	0.03%	0.03%
AAPL	C	6.26%	7.38%	6.26%
ABBV	D	0.69%	1.02%	0.69%
ABT	B	0.37%	0.56%	0.37%
ADBE	C	0.4%	0.94%	0.4%
ADP	B	0.23%	0.2%	0.2%
AES	F	0.02%	0.01%	0.01%
ALLE	D	0.02%	0.33%	0.02%
AMAT	F	0.29%	0.68%	0.29%
AMGN	D	0.33%	0.33%	0.33%
AMT	D	0.19%	0.24%	0.19%
AMZN	C	3.3%	3.93%	3.3%
ANET	C	0.19%	0.11%	0.11%
AON	A	0.14%	0.35%	0.14%
AVGO	D	1.47%	1.72%	1.47%
AXP	A	0.29%	0.31%	0.29%
AXTA	A	0.02%	0.05%	0.02%
BAC	A	0.54%	1.2%	0.54%
BBWI	D	0.01%	0.11%	0.01%
BDX	F	0.13%	0.62%	0.13%
BIIB	F	0.05%	0.1%	0.05%
BK	A	0.11%	0.11%	0.11%
BKNG	A	0.3%	0.13%	0.13%
BLD	D	0.02%	0.11%	0.02%
BMY	B	0.22%	0.75%	0.22%
BRK.A	B	1.57%	2.25%	1.57%
C	A	0.23%	0.02%	0.02%
CACI	D	0.02%	0.4%	0.02%
CAH	B	0.05%	0.31%	0.05%
CAT	B	0.35%	0.57%	0.35%
CCL	B	0.04%	0.26%	0.04%
CI	F	0.17%	0.63%	0.17%
CL	D	0.15%	0.47%	0.15%
CLX	B	0.04%	0.11%	0.04%
CMCSA	B	0.32%	0.86%	0.32%
CME	A	0.15%	0.5%	0.15%
CMG	B	0.14%	0.35%	0.14%
COST	B	0.74%	0.31%	0.31%
CRM	B	0.52%	1.15%	0.52%
CRUS	D	0.01%	0.03%	0.01%
CSCO	B	0.42%	0.66%	0.42%
CSX	B	0.13%	0.54%	0.13%
CTAS	B	0.14%	0.69%	0.14%
CVNA	B	0.05%	0.55%	0.05%
CVS	D	0.14%	0.25%	0.14%
CVX	A	0.49%	0.01%	0.01%
DASH	A	0.1%	0.18%	0.1%
DBX	B	0.01%	0.52%	0.01%
DHI	D	0.1%	0.06%	0.06%
DIS	B	0.34%	0.65%	0.34%
DOCU	A	0.03%	0.02%	0.02%
DVN	F	0.05%	0.53%	0.05%
ECL	D	0.12%	0.63%	0.12%
ED	D	0.07%	0.15%	0.07%
EOG	A	0.13%	0.54%	0.13%
EXEL	B	0.02%	0.45%	0.02%
F	C	0.08%	0.11%	0.08%
FR	C	0.01%	0.08%	0.01%
FTNT	C	0.09%	0.15%	0.09%
GAP	C	0.01%	0.22%	0.01%
GE	D	0.36%	0.39%	0.36%
GEHC	F	0.07%	0.04%	0.04%
GILD	C	0.21%	0.74%	0.21%
GL	B	0.02%	0.21%	0.02%
GOOG	C	1.62%	1.9%	1.62%
GOOGL	C	1.92%	2.05%	1.92%
GPN	B	0.05%	0.02%	0.02%
GRMN	B	0.06%	0.22%	0.06%
GS	A	0.31%	0.15%	0.15%
HD	A	0.74%	1.29%	0.74%
HWM	A	0.08%	0.1%	0.08%
IDXX	F	0.06%	0.22%	0.06%
INCY	C	0.02%	0.28%	0.02%
JNJ	D	0.74%	0.74%	0.74%
JPM	A	1.21%	1.94%	1.21%
KLAC	D	0.17%	0.63%	0.17%
KR	B	0.07%	0.03%	0.03%
LDOS	C	0.05%	0.24%	0.05%
LHX	C	0.09%	0.21%	0.09%
LLY	F	1.27%	0.76%	0.76%
LMT	D	0.22%	0.71%	0.22%
LNW	D	0.02%	0.11%	0.02%
LPLA	A	0.04%	0.03%	0.03%
LRCX	F	0.18%	0.44%	0.18%
LYFT	C	0.01%	0.21%	0.01%
MA	C	0.79%	1.36%	0.79%
MCK	B	0.12%	0.06%	0.06%
MEDP	D	0.02%	0.21%	0.02%
META	D	2.37%	2.89%	2.37%
MGM	D	0.02%	0.3%	0.02%
MKL	A	0.04%	0.08%	0.04%
MMC	B	0.21%	0.29%	0.21%
MMM	D	0.14%	0.13%	0.13%
MRK	F	0.49%	0.99%	0.49%
MS	A	0.26%	0.31%	0.26%
MSCI	C	0.08%	0.33%	0.08%
MSFT	F	5.76%	5.68%	5.68%
MSI	B	0.14%	0.5%	0.14%
MU	D	0.21%	0.66%	0.21%
NBIX	C	0.02%	0.11%	0.02%
NEE	D	0.31%	0.84%	0.31%
NFLX	A	0.62%	1.3%	0.62%
NOC	D	0.13%	0.6%	0.13%
NOW	A	0.37%	0.55%	0.37%
NRG	B	0.04%	0.11%	0.04%
NSC	B	0.11%	0.38%	0.11%
NUE	C	0.06%	0.2%	0.06%
NVDA	C	5.92%	7.39%	5.92%
ORCL	B	0.5%	0.05%	0.05%
OXY	D	0.06%	0.19%	0.06%
PCAR	B	0.1%	0.52%	0.1%
PEGA	A	0.01%	0.1%	0.01%
PEP	F	0.44%	0.05%	0.05%
PFE	D	0.31%	0.42%	0.31%
PG	A	0.74%	0.72%	0.72%
PGR	A	0.27%	0.74%	0.27%
PLTK	B	0.0%	0.04%	0.0%
PM	B	0.39%	0.94%	0.39%
PNC	B	0.14%	0.12%	0.12%
PPG	F	0.06%	0.3%	0.06%
PSA	D	0.1%	0.09%	0.09%
PYPL	B	0.15%	0.34%	0.15%
QCOM	F	0.35%	0.88%	0.35%
QRVO	F	0.01%	0.12%	0.01%
ROST	C	0.09%	0.04%	0.04%
RSG	A	0.08%	0.24%	0.08%
RTX	C	0.31%	0.7%	0.31%
SCCO	F	0.02%	0.05%	0.02%
SCHW	B	0.2%	0.8%	0.2%
SEIC	B	0.01%	0.3%	0.01%
SOLV	C	0.02%	0.09%	0.02%
SPG	B	0.1%	0.59%	0.1%
SPGI	C	0.29%	0.31%	0.29%
SQ	B	0.08%	0.58%	0.08%
SSNC	B	0.03%	0.38%	0.03%
STLD	B	0.04%	0.06%	0.04%
SWKS	F	0.03%	0.03%	0.03%
SYK	C	0.25%	0.03%	0.03%
T	A	0.31%	0.73%	0.31%
TDC	D	0.01%	0.37%	0.01%
TJX	A	0.24%	0.59%	0.24%
TMO	F	0.4%	0.33%	0.33%
TMUS	B	0.21%	0.31%	0.21%
TROW	B	0.05%	0.31%	0.05%
TRV	B	0.11%	0.43%	0.11%
TSLA	B	1.32%	1.31%	1.31%
TT	A	0.16%	0.52%	0.16%
TWLO	A	0.03%	0.13%	0.03%
TXT	D	0.03%	0.52%	0.03%
UBER	D	0.28%	0.14%	0.14%
UNH	C	0.99%	0.57%	0.57%
UNM	A	0.02%	0.12%	0.02%
UNP	C	0.27%	0.76%	0.27%
V	A	0.87%	0.82%	0.82%
VEEV	C	0.06%	0.08%	0.06%
VST	B	0.08%	0.12%	0.08%
VZ	C	0.34%	0.06%	0.06%
WBD	C	0.04%	0.01%	0.01%
WDAY	B	0.09%	0.16%	0.09%
WFC	A	0.43%	0.1%	0.1%
WM	A	0.16%	0.32%	0.16%
WMT	A	0.68%	1.14%	0.68%
WTW	B	0.06%	0.14%	0.06%
XOM	B	1.0%	1.56%	1.0%
ZBRA	B	0.04%	0.06%	0.04%
ZM	B	0.04%	0.51%	0.04%

VONE Overweight 814 Positions Relative to FELC

Symbol	Grade	Weight
KO	D	0.48%
AMD	F	0.44%
LIN	D	0.42%
ACN	C	0.41%
MCD	D	0.4%
IBM	C	0.36%
TXN	C	0.35%
ISRG	A	0.34%
INTU	C	0.32%
DHR	F	0.3%
LOW	D	0.29%
BLK	C	0.28%
HON	B	0.26%
ETN	A	0.25%
BSX	B	0.24%
COP	C	0.24%
BX	A	0.23%
VRTX	F	0.23%
FI	A	0.22%
CB	C	0.22%
MDT	D	0.22%
SBUX	A	0.21%
ADI	D	0.21%
PANW	C	0.21%
BA	F	0.2%
PLD	D	0.2%
UPS	C	0.19%
SO	D	0.19%
DE	A	0.19%
MDLZ	F	0.18%
NKE	D	0.18%
KKR	A	0.18%
MO	A	0.18%
ELV	F	0.18%
REGN	F	0.17%
ICE	C	0.17%
DUK	C	0.17%
INTC	D	0.17%
ZTS	D	0.16%
WELL	A	0.16%
GEV	B	0.16%
CEG	D	0.16%
PLTR	B	0.16%
SHW	A	0.16%
EQIX	A	0.16%
ITW	B	0.15%
SNPS	B	0.15%
APH	A	0.15%
GD	F	0.15%
PH	A	0.15%
MCO	B	0.14%
APO	B	0.14%
CDNS	B	0.14%
USB	A	0.14%
ORLY	B	0.13%
CRWD	B	0.13%
HCA	F	0.13%
MRVL	B	0.13%
APD	A	0.13%
TGT	F	0.13%
TDG	D	0.13%
AJG	B	0.12%
ADSK	A	0.12%
CARR	D	0.12%
COF	B	0.12%
EMR	A	0.12%
FDX	B	0.12%
WMB	A	0.12%
FCX	D	0.12%
OKE	A	0.11%
SPOT	B	0.11%
GM	B	0.11%
SLB	C	0.11%
ROP	B	0.11%
DLR	B	0.11%
HLT	A	0.11%
TFC	A	0.11%
AFL	B	0.11%
ABNB	C	0.11%
MAR	B	0.11%
D	C	0.1%
FIS	C	0.1%
JCI	C	0.1%
AMP	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
AZO	C	0.1%
O	D	0.1%
AEP	D	0.1%
NEM	D	0.1%
SRE	A	0.1%
TTD	B	0.1%
URI	B	0.1%
CPRT	A	0.09%
CMI	A	0.09%
FAST	B	0.09%
PAYX	C	0.09%
KMB	D	0.09%
MET	A	0.09%
CCI	D	0.09%
FICO	B	0.09%
KMI	A	0.09%
NU	C	0.09%
GWW	B	0.09%
RCL	A	0.09%
ALL	A	0.09%
AIG	B	0.09%
ODFL	B	0.08%
OTIS	C	0.08%
EW	C	0.08%
EA	A	0.08%
CBRE	B	0.08%
VLO	C	0.08%
LEN	D	0.08%
AME	A	0.08%
CTVA	C	0.08%
PCG	A	0.08%
KVUE	A	0.08%
LNG	B	0.08%
PWR	A	0.08%
PRU	A	0.08%
PEG	A	0.08%
APP	B	0.08%
EXR	D	0.07%
DD	D	0.07%
HPQ	B	0.07%
DOW	F	0.07%
RMD	C	0.07%
COIN	C	0.07%
ACGL	D	0.07%
MPWR	F	0.07%
IRM	D	0.07%
LULU	C	0.07%
GLW	B	0.07%
MLM	B	0.07%
SNOW	C	0.07%
VMC	B	0.07%
TRGP	B	0.07%
STZ	D	0.07%
KDP	D	0.07%
DAL	C	0.07%
CTSH	B	0.07%
IQV	D	0.07%
YUM	B	0.07%
XEL	A	0.07%
DFS	B	0.07%
SYY	B	0.07%
DDOG	A	0.07%
HES	B	0.07%
IT	C	0.07%
COR	B	0.07%
GIS	D	0.07%
MNST	C	0.07%
BKR	B	0.07%
MSTR	C	0.07%
IR	B	0.07%
MCHP	D	0.07%
EXC	C	0.07%
VRT	B	0.07%
VRSK	A	0.07%
EBAY	D	0.06%
XYL	D	0.06%
CSGP	D	0.06%
KHC	F	0.06%
TEAM	A	0.06%
FITB	A	0.06%
CPNG	D	0.06%
WEC	A	0.06%
ON	D	0.06%
AXON	A	0.06%
NDAQ	A	0.06%
ROK	B	0.06%
ARES	A	0.06%
CHTR	C	0.06%
HUM	C	0.06%
EIX	B	0.06%
AVB	B	0.06%
HIG	B	0.06%
MTB	A	0.06%
EFX	F	0.06%
CNC	D	0.06%
WAB	B	0.06%
ETR	B	0.06%
VICI	C	0.06%
FANG	D	0.06%
DELL	C	0.06%
ALNY	D	0.06%
NTAP	C	0.05%
PPL	B	0.05%
FE	C	0.05%
CHD	B	0.05%
HAL	C	0.05%
SBAC	D	0.05%
DECK	A	0.05%
BR	A	0.05%
BRO	B	0.05%
FTV	C	0.05%
VLTO	D	0.05%
CDW	F	0.05%
HPE	B	0.05%
IFF	D	0.05%
TYL	B	0.05%
UAL	A	0.05%
DTE	C	0.05%
HSY	F	0.05%
KEYS	A	0.05%
DOV	A	0.05%
NVR	D	0.05%
NET	B	0.05%
ADM	D	0.05%
SW	A	0.05%
RBLX	C	0.05%
VTR	C	0.05%
EQR	B	0.05%
PHM	D	0.05%
AWK	D	0.05%
HUBS	A	0.05%
MTD	D	0.05%
ANSS	B	0.05%
TTWO	A	0.05%
STT	A	0.05%
RJF	A	0.05%
DXCM	D	0.05%
TSCO	D	0.05%
LVS	C	0.04%
MOH	F	0.04%
HOLX	D	0.04%
CFG	B	0.04%
PFG	D	0.04%
CNP	B	0.04%
WAT	B	0.04%
DRI	B	0.04%
MDB	C	0.04%
LH	C	0.04%
PINS	D	0.04%
IP	B	0.04%
INVH	D	0.04%
LII	A	0.04%
ARE	D	0.04%
TRU	D	0.04%
BBY	D	0.04%
OMC	C	0.04%
CSL	C	0.04%
EXPE	B	0.04%
MKC	D	0.04%
NTRS	A	0.04%
PKG	A	0.04%
BLDR	D	0.04%
CMS	C	0.04%
EME	C	0.04%
FSLR	F	0.04%
TDY	B	0.04%
ATO	A	0.04%
K	A	0.04%
WDC	D	0.04%
CINF	A	0.04%
SYF	B	0.04%
EQT	B	0.04%
STE	F	0.04%
TPL	A	0.04%
ZBH	C	0.04%
RF	A	0.04%
PTC	A	0.04%
CPAY	A	0.04%
WST	C	0.04%
LYB	F	0.04%
CBOE	B	0.04%
HBAN	A	0.04%
WY	D	0.04%
ILMN	D	0.04%
HUBB	B	0.04%
FCNCA	A	0.04%
ES	D	0.04%
AEE	A	0.04%
BAH	F	0.04%
GDDY	A	0.04%
DLTR	F	0.03%
REG	B	0.03%
ROL	B	0.03%
JKHY	D	0.03%
TOST	B	0.03%
EWBC	A	0.03%
FFIV	B	0.03%
POOL	C	0.03%
EVRG	A	0.03%
CE	F	0.03%
RNR	C	0.03%
GGG	B	0.03%
CAG	D	0.03%
NTRA	B	0.03%
JBL	B	0.03%
FIX	A	0.03%
VTRS	A	0.03%
RGA	A	0.03%
UDR	B	0.03%
NDSN	B	0.03%
USFD	A	0.03%
ACM	A	0.03%
SWK	D	0.03%
L	A	0.03%
DPZ	C	0.03%
CASY	A	0.03%
SMCI	F	0.03%
TW	A	0.03%
RVTY	F	0.03%
TRMB	B	0.03%
THC	D	0.03%
EQH	B	0.03%
VRSN	F	0.03%
JBHT	C	0.03%
CF	B	0.03%
XPO	B	0.03%
GWRE	A	0.03%
AKAM	D	0.03%
TOL	B	0.03%
NTNX	A	0.03%
AVTR	F	0.03%
EG	C	0.03%
OC	A	0.03%
MRO	B	0.03%
LNT	A	0.03%
RBA	A	0.03%
PSTG	D	0.03%
ALGN	D	0.03%
APTV	D	0.03%
FNF	B	0.03%
KIM	A	0.03%
HOOD	B	0.03%
HEI	B	0.03%
BURL	A	0.03%
GEN	B	0.03%
ENTG	D	0.03%
NI	A	0.03%
DOC	D	0.03%
EL	F	0.03%
DT	C	0.03%
KEY	B	0.03%
GPC	D	0.03%
MANH	D	0.03%
AMCR	D	0.03%
IBKR	A	0.03%
RPM	A	0.03%
DKNG	B	0.03%
PODD	C	0.03%
IEX	B	0.03%
RS	B	0.03%
SUI	D	0.03%
UTHR	C	0.03%
WSO	A	0.03%
PNR	A	0.03%
TSN	B	0.03%
ZS	C	0.03%
AVY	D	0.03%
TER	D	0.03%
WRB	A	0.03%
EXPD	D	0.03%
WSM	B	0.03%
SNA	A	0.03%
DGX	A	0.03%
FDS	B	0.03%
MAS	D	0.03%
MAA	B	0.03%
J	F	0.03%
DG	F	0.03%
MRNA	F	0.03%
ULTA	F	0.03%
CTRA	B	0.03%
ESS	B	0.03%
BALL	D	0.03%
BAX	D	0.03%
LUV	C	0.03%
LYV	A	0.03%
OGE	B	0.02%
CRBG	B	0.02%
PCTY	B	0.02%
TPX	B	0.02%
BRX	A	0.02%
PNFP	B	0.02%
RBC	A	0.02%
KNX	B	0.02%
ROKU	D	0.02%
RL	B	0.02%
FMC	D	0.02%
CHE	D	0.02%
BERY	B	0.02%
VOYA	B	0.02%
EGP	F	0.02%
GMED	A	0.02%
GME	C	0.02%
CMA	A	0.02%
TTC	D	0.02%
HRB	D	0.02%
RIVN	F	0.02%
SKX	D	0.02%
WCC	B	0.02%
CNM	D	0.02%
PEN	B	0.02%
WING	D	0.02%
OLED	D	0.02%
APA	D	0.02%
MOS	F	0.02%
BRBR	A	0.02%
GPK	C	0.02%
CZR	F	0.02%
DCI	B	0.02%
INGR	B	0.02%
X	C	0.02%
SNX	C	0.02%
WBS	A	0.02%
ITCI	C	0.02%
ORI	A	0.02%
DTM	B	0.02%
HRL	D	0.02%
GLOB	B	0.02%
NYT	C	0.02%
MORN	B	0.02%
FYBR	D	0.02%
LAD	A	0.02%
HLI	B	0.02%
KBR	F	0.02%
AAL	B	0.02%
WAL	B	0.02%
LBRDK	C	0.02%
HSIC	B	0.02%
CPB	D	0.02%
MTCH	D	0.02%
AOS	F	0.02%
Z	A	0.02%
PR	B	0.02%
CRL	C	0.02%
REXR	F	0.02%
HAS	D	0.02%
FRT	B	0.02%
AYI	B	0.02%
TKO	B	0.02%
CIEN	B	0.02%
MUSA	A	0.02%
AFG	A	0.02%
QGEN	D	0.02%
ALSN	B	0.02%
TFX	F	0.02%
PRI	A	0.02%
FOXA	B	0.02%
KNSL	B	0.02%
TAP	C	0.02%
FHN	A	0.02%
EVR	B	0.02%
RGLD	C	0.02%
EXP	A	0.02%
ALLY	C	0.02%
WTRG	B	0.02%
ONTO	D	0.02%
WWD	B	0.02%
GNRC	B	0.02%
CHDN	B	0.02%
EHC	B	0.02%
LKQ	D	0.02%
ARMK	B	0.02%
WYNN	D	0.02%
CNH	C	0.02%
DOX	D	0.02%
PNW	B	0.02%
AIZ	A	0.02%
AFRM	B	0.02%
AA	B	0.02%
SF	B	0.02%
FBIN	D	0.02%
WMS	D	0.02%
EPAM	C	0.02%
CTLT	B	0.02%
OVV	B	0.02%
OHI	C	0.02%
MKTX	D	0.02%
RPRX	D	0.02%
LECO	B	0.02%
PAYC	B	0.02%
CUBE	D	0.02%
DUOL	A	0.02%
HEI	B	0.02%
TPR	B	0.02%
DAY	B	0.02%
NWSA	B	0.02%
FND	C	0.02%
JEF	A	0.02%
ATR	B	0.02%
ENPH	F	0.02%
CCK	C	0.02%
NCLH	B	0.02%
ALB	C	0.02%
BJ	A	0.02%
CG	A	0.02%
RRX	B	0.02%
BWXT	B	0.02%
IPG	D	0.02%
LW	C	0.02%
DKS	C	0.02%
OWL	A	0.02%
KMX	B	0.02%
SRPT	D	0.02%
ITT	A	0.02%
TECH	D	0.02%
FTI	A	0.02%
SCI	B	0.02%
SOFI	A	0.02%
LAMR	D	0.02%
SJM	D	0.02%
OKTA	C	0.02%
CHRW	C	0.02%
UHS	D	0.02%
BG	F	0.02%
WPC	D	0.02%
AMH	D	0.02%
CLH	B	0.02%
HST	C	0.02%
CPT	B	0.02%
COHR	B	0.02%
EMN	D	0.02%
NVT	B	0.02%
PFGC	B	0.02%
EXAS	D	0.02%
BXP	D	0.02%
BMRN	D	0.02%
JLL	D	0.02%
JNPR	F	0.02%
TXRH	C	0.02%
ELS	C	0.02%
CW	B	0.02%
SAIA	B	0.02%
GLPI	C	0.02%
TTEK	F	0.02%
COLM	B	0.01%
SAM	C	0.01%
VAC	B	0.01%
CACC	D	0.01%
CLVT	F	0.01%
CXT	B	0.01%
CWEN	C	0.01%
CC	C	0.01%
APLS	D	0.01%
PAG	B	0.01%
COTY	F	0.01%
MPW	F	0.01%
NWS	B	0.01%
RNG	B	0.01%
AMKR	D	0.01%
NSA	D	0.01%
PK	B	0.01%
BHF	B	0.01%
PENN	C	0.01%
MAN	D	0.01%
AMED	F	0.01%
YETI	C	0.01%
NCNO	B	0.01%
FHB	A	0.01%
ZG	A	0.01%
TNL	A	0.01%
WEN	D	0.01%
ZI	D	0.01%
IRDM	D	0.01%
EPR	D	0.01%
HIW	D	0.01%
NVST	B	0.01%
PRGO	B	0.01%
SMG	D	0.01%
MSM	C	0.01%
BROS	B	0.01%
NEU	C	0.01%
DXC	B	0.01%
GFS	C	0.01%
DNB	B	0.01%
HUN	F	0.01%
IAC	D	0.01%
WU	D	0.01%
PII	D	0.01%
NWL	B	0.01%
HOG	D	0.01%
SPR	D	0.01%
KMPR	B	0.01%
ACHC	F	0.01%
LOPE	B	0.01%
W	F	0.01%
CHH	A	0.01%
GTES	A	0.01%
AN	C	0.01%
FLO	D	0.01%
MSGS	A	0.01%
ASH	D	0.01%
DLB	B	0.01%
EEFT	B	0.01%
M	D	0.01%
SLGN	A	0.01%
LITE	B	0.01%
AGO	B	0.01%
WTM	A	0.01%
WLK	D	0.01%
APPF	B	0.01%
OZK	B	0.01%
RYN	D	0.01%
AL	B	0.01%
RH	B	0.01%
KRC	C	0.01%
CUZ	B	0.01%
BYD	C	0.01%
RARE	D	0.01%
AM	A	0.01%
XRAY	F	0.01%
AVT	C	0.01%
HCP	B	0.01%
SLM	A	0.01%
HXL	D	0.01%
ROIV	C	0.01%
CIVI	D	0.01%
UGI	A	0.01%
OGN	D	0.01%
OLN	D	0.01%
PSN	D	0.01%
SON	D	0.01%
ST	F	0.01%
DOCS	C	0.01%
IDA	A	0.01%
VVV	F	0.01%
THO	B	0.01%
SEE	C	0.01%
KD	B	0.01%
FIVE	F	0.01%
FNB	A	0.01%
CELH	F	0.01%
JHG	A	0.01%
THG	A	0.01%
TKR	D	0.01%
BC	C	0.01%
NXST	C	0.01%
LEA	D	0.01%
POST	C	0.01%
FOX	A	0.01%
PATH	C	0.01%
FOUR	B	0.01%
WHR	B	0.01%
NFG	A	0.01%
ELF	C	0.01%
OLLI	D	0.01%
OMF	A	0.01%
PVH	C	0.01%
SRCL	C	0.01%
TPG	A	0.01%
VNT	B	0.01%
WFRD	D	0.01%
INSP	D	0.01%
COLB	A	0.01%
DINO	D	0.01%
AWI	A	0.01%
LNC	B	0.01%
BEN	C	0.01%
U	C	0.01%
ETSY	D	0.01%
WSC	D	0.01%
MDU	D	0.01%
AXS	A	0.01%
IONS	F	0.01%
STWD	C	0.01%
BILL	A	0.01%
MSA	D	0.01%
NOV	C	0.01%
LFUS	F	0.01%
CLF	F	0.01%
ESI	A	0.01%
SN	D	0.01%
DAR	C	0.01%
ALK	C	0.01%
MTDR	B	0.01%
MTN	C	0.01%
MTG	C	0.01%
FRPT	B	0.01%
AGCO	D	0.01%
AMG	B	0.01%
VMI	B	0.01%
PARA	C	0.01%
LSTR	D	0.01%
MASI	A	0.01%
R	B	0.01%
LPX	B	0.01%
MTSI	B	0.01%
ELAN	D	0.01%
AZEK	A	0.01%
SITE	D	0.01%
H	B	0.01%
CFLT	B	0.01%
IVZ	B	0.01%
BPOP	B	0.01%
ARW	D	0.01%
GTLB	B	0.01%
BRKR	D	0.01%
RLI	B	0.01%
PB	A	0.01%
CROX	D	0.01%
SIRI	C	0.01%
FAF	A	0.01%
ESTC	C	0.01%
ATI	D	0.01%
OSK	B	0.01%
G	B	0.01%
MKSI	C	0.01%
STAG	F	0.01%
JAZZ	B	0.01%
RYAN	B	0.01%
KEX	C	0.01%
WBA	F	0.01%
BSY	D	0.01%
FLS	B	0.01%
MIDD	C	0.01%
GXO	B	0.01%
PLNT	A	0.01%
GNTX	C	0.01%
FCN	D	0.01%
UHAL	D	0.01%
RHI	B	0.01%
CGNX	C	0.01%
PCOR	B	0.01%
WH	B	0.01%
MAT	D	0.01%
BIO	D	0.01%
AGNC	D	0.01%
LSCC	D	0.01%
ESAB	B	0.01%
COKE	C	0.01%
MHK	D	0.01%
S	B	0.01%
DVA	B	0.01%
VFC	C	0.01%
XP	F	0.01%
VNO	B	0.01%
RRC	B	0.01%
ADC	B	0.01%
WEX	D	0.01%
SNV	B	0.01%
CBSH	A	0.01%
HII	D	0.01%
COLD	D	0.01%
ZION	B	0.01%
ACI	C	0.01%
CFR	B	0.01%
SAIC	F	0.01%
AR	B	0.01%
RGEN	D	0.01%
WTFC	A	0.01%
MTZ	B	0.01%
TREX	C	0.01%
BFAM	D	0.01%
SSD	D	0.01%
VKTX	F	0.01%
CR	A	0.01%
CHRD	D	0.01%
APG	B	0.01%
BWA	D	0.01%
SMAR	A	0.01%
AAON	B	0.01%
NNN	D	0.01%
AMC	C	0.0%
SEG	B	0.0%
LEN	D	0.0%
CWEN	C	0.0%
NFE	D	0.0%
UHAL	D	0.0%
TFSL	A	0.0%
UWMC	D	0.0%
SEB	F	0.0%
PYCR	C	0.0%
CNA	B	0.0%
DDS	B	0.0%
UI	A	0.0%
UA	C	0.0%
SNDR	B	0.0%
CERT	F	0.0%
LBRDA	C	0.0%
GO	C	0.0%
REYN	D	0.0%
CAR	C	0.0%
FTRE	D	0.0%
LEG	F	0.0%
TXG	F	0.0%
WOLF	F	0.0%
TRIP	F	0.0%
INFA	D	0.0%
QS	F	0.0%
BIRK	D	0.0%
VSTS	C	0.0%
PINC	B	0.0%
PPC	C	0.0%
CRI	D	0.0%
UAA	C	0.0%
KSS	F	0.0%
DJT	C	0.0%
CNXC	F	0.0%
LCID	F	0.0%
AAP	C	0.0%
FIVN	C	0.0%
ENOV	C	0.0%
RCM	F	0.0%
IPGP	D	0.0%
SHC	F	0.0%
RKT	F	0.0%
HAYW	B	0.0%
AZTA	D	0.0%
CPRI	F	0.0%
JWN	C	0.0%
BOKF	B	0.0%
HHH	B	0.0%
ADTN	A	0.0%
MP	B	0.0%
DV	C	0.0%
VIRT	B	0.0%
AGR	B	0.0%
ALGM	D	0.0%
SPB	C	0.0%

VONE Underweight 4 Positions Relative to FELC

Symbol	Grade	Weight
IGT	F	-0.46%
ANF	C	-0.42%
SKYW	B	-0.23%
ALRM	C	-0.2%