VONE vs. FTA ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

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 1000® 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

$259.67

Average Daily Volume

63,168

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$79.16

Average Daily Volume

35,869

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	VONE	FTA
30 Days	4.43%	2.23%
60 Days	11.32%	8.56%
90 Days	3.98%	9.43%
12 Months	36.51%	27.63%

187 Overlapping Holdings

	Symbol	Grade	Weight in VONE	Weight in FTA	Overlap
	ABT	C	0.38%	0.18%	0.18%
	ACGL	A	0.08%	0.94%	0.08%
	ADM	F	0.06%	0.83%	0.06%
	AEE	A	0.04%	0.81%	0.04%
	AEP	C	0.1%	0.78%	0.1%
	AFL	A	0.12%	0.6%	0.12%
	AIG	C	0.1%	0.66%	0.1%
	APD	C	0.12%	0.39%	0.12%
	APTV	D	0.04%	0.88%	0.04%
	ARE	D	0.04%	0.35%	0.04%
	ATO	A	0.04%	0.79%	0.04%
	AWK	D	0.05%	0.18%	0.05%
	BAC	B	0.53%	0.48%	0.48%
	BBY	C	0.04%	0.59%	0.04%
	BEN	F	0.01%	0.62%	0.01%
	BG	F	0.03%	0.76%	0.03%
	BIIB	F	0.06%	0.14%	0.06%
	BKR	B	0.07%	0.5%	0.07%
	BLK	A	0.26%	0.2%	0.2%
	BRK.A	B	1.67%	0.94%	0.94%
	C	B	0.23%	0.48%	0.23%
	CAG	D	0.03%	0.76%	0.03%
	CB	A	0.22%	0.76%	0.22%
	CBRE	C	0.07%	0.22%	0.07%
	CE	D	0.03%	0.86%	0.03%
	CF	A	0.03%	0.96%	0.03%
	CFG	C	0.04%	0.76%	0.04%
	CHTR	D	0.06%	0.53%	0.06%
	CI	D	0.19%	0.17%	0.17%
	CINF	A	0.04%	0.96%	0.04%
	CMCSA	B	0.3%	0.89%	0.3%
	CMI	A	0.08%	0.19%	0.08%
	CMS	A	0.04%	0.58%	0.04%
	CNC	F	0.08%	0.75%	0.08%
	CNP	B	0.03%	0.46%	0.03%
	COF	A	0.11%	0.72%	0.11%
	COP	D	0.26%	0.76%	0.26%
	CPB	D	0.02%	0.36%	0.02%
	CRBG	B	0.01%	0.48%	0.01%
	CSCO	A	0.39%	0.37%	0.37%
	CTRA	D	0.03%	0.74%	0.03%
	CTSH	B	0.07%	0.76%	0.07%
	CTVA	A	0.08%	0.18%	0.08%
	CVS	D	0.14%	0.87%	0.14%
	CVX	B	0.49%	0.78%	0.49%
	D	A	0.09%	0.57%	0.09%
	DD	C	0.07%	0.18%	0.07%
	DE	C	0.19%	0.55%	0.19%
	DG	F	0.04%	0.11%	0.04%
	DGX	D	0.03%	0.55%	0.03%
	DHI	C	0.11%	1.13%	0.11%
	DOV	C	0.05%	0.36%	0.05%
	DOW	B	0.07%	0.35%	0.07%
	DTE	B	0.05%	0.56%	0.05%
	DUK	C	0.17%	0.56%	0.17%
	DVN	F	0.05%	0.69%	0.05%
	EBAY	A	0.06%	0.8%	0.06%
	ED	C	0.07%	0.78%	0.07%
	EG	A	0.03%	0.87%	0.03%
	EIX	C	0.06%	0.59%	0.06%
	ELV	F	0.25%	0.16%	0.16%
	EOG	B	0.14%	0.81%	0.14%
	EPAM	F	0.02%	0.35%	0.02%
	EQR	C	0.05%	0.52%	0.05%
	EQT	C	0.04%	0.82%	0.04%
	ETR	A	0.05%	1.02%	0.05%
	EXC	C	0.07%	0.97%	0.07%
	EXPD	D	0.03%	0.17%	0.03%
	F	D	0.08%	0.72%	0.08%
	FANG	D	0.07%	0.71%	0.07%
	FDX	F	0.13%	0.44%	0.13%
	FE	C	0.05%	0.56%	0.05%
	FITB	C	0.06%	0.57%	0.06%
	FNF	C	0.03%	0.41%	0.03%
	FOXA	B	0.02%	1.03%	0.02%
	GD	C	0.16%	0.17%	0.16%
	GIS	C	0.08%	0.57%	0.08%
	GM	D	0.11%	0.84%	0.11%
	GPC	D	0.04%	0.34%	0.04%
	GPN	F	0.05%	0.87%	0.05%
	GS	B	0.31%	0.37%	0.31%
	HAL	D	0.05%	0.57%	0.05%
	HBAN	B	0.04%	0.74%	0.04%
	HCA	C	0.15%	0.42%	0.15%
	HIG	A	0.07%	0.78%	0.07%
	HPE	B	0.05%	0.79%	0.05%
	HPQ	B	0.07%	0.34%	0.07%
	HRL	F	0.02%	0.35%	0.02%
	HSY	D	0.05%	0.35%	0.05%
	HUM	F	0.08%	0.14%	0.08%
	INCY	B	0.02%	0.53%	0.02%
	INTC	D	0.18%	0.38%	0.18%
	IPG	D	0.02%	0.73%	0.02%
	J	F	0.04%	0.18%	0.04%
	JBHT	D	0.03%	0.53%	0.03%
	JBL	C	0.02%	0.55%	0.02%
	JCI	C	0.1%	0.19%	0.1%
	JNJ	D	0.77%	0.37%	0.37%
	K	B	0.04%	0.23%	0.04%
	KDP	C	0.07%	0.37%	0.07%
	KEY	B	0.03%	0.39%	0.03%
	KHC	F	0.06%	0.73%	0.06%
	KIM	C	0.03%	0.39%	0.03%
	KMB	D	0.09%	0.17%	0.09%
	KMI	A	0.08%	0.73%	0.08%
	KR	C	0.07%	0.55%	0.07%
	KVUE	C	0.08%	0.21%	0.08%
	L	C	0.03%	0.7%	0.03%
	LEN	C	0.0%	1.04%	0.0%
	LEN	C	0.09%	1.04%	0.09%
	LHX	A	0.09%	0.17%	0.09%
	LKQ	F	0.02%	0.65%	0.02%
	LMT	A	0.23%	0.42%	0.23%
	LNG	A	0.08%	0.69%	0.08%
	LOW	C	0.27%	0.4%	0.27%
	LUV	B	0.03%	0.5%	0.03%
	LYB	B	0.05%	0.67%	0.05%
	MAA	D	0.04%	0.18%	0.04%
	MDLZ	D	0.18%	0.18%	0.18%
	MDT	C	0.23%	0.38%	0.23%
	MKC	C	0.04%	0.19%	0.04%
	MKL	B	0.04%	0.83%	0.04%
	MOH	F	0.04%	0.38%	0.04%
	MPC	D	0.12%	0.79%	0.12%
	MS	A	0.23%	0.36%	0.23%
	MTB	A	0.05%	0.77%	0.05%
	NEE	C	0.32%	0.4%	0.32%
	NKE	D	0.19%	0.19%	0.19%
	NUE	D	0.07%	0.79%	0.07%
	OC	C	0.03%	0.67%	0.03%
	OKE	A	0.1%	0.37%	0.1%
	OMC	C	0.04%	0.38%	0.04%
	OXY	D	0.07%	0.68%	0.07%
	PCG	C	0.08%	0.76%	0.08%
	PEG	A	0.08%	0.4%	0.08%
	PFG	A	0.04%	0.18%	0.04%
	PKG	B	0.04%	0.39%	0.04%
	PNC	C	0.14%	0.39%	0.14%
	POOL	D	0.03%	0.2%	0.03%
	PPG	D	0.06%	0.36%	0.06%
	PRU	B	0.08%	0.17%	0.08%
	PSX	D	0.11%	0.77%	0.11%
	PYPL	A	0.15%	0.45%	0.15%
	QCOM	D	0.38%	0.14%	0.14%
	REGN	D	0.24%	0.16%	0.16%
	RF	B	0.04%	0.56%	0.04%
	RJF	B	0.04%	0.16%	0.04%
	RS	D	0.03%	0.68%	0.03%
	SJM	D	0.02%	0.74%	0.02%
	SNA	C	0.03%	0.74%	0.03%
	SRE	C	0.1%	0.53%	0.1%
	SSNC	C	0.03%	0.39%	0.03%
	STLD	C	0.03%	0.81%	0.03%
	STT	A	0.05%	0.58%	0.05%
	SWKS	F	0.03%	0.45%	0.03%
	SYF	A	0.04%	0.88%	0.04%
	SYY	D	0.07%	0.18%	0.07%
	T	B	0.27%	0.96%	0.27%
	TDY	A	0.04%	0.55%	0.04%
	TGT	C	0.14%	0.35%	0.14%
	TRGP	A	0.06%	0.19%	0.06%
	TROW	D	0.04%	0.63%	0.04%
	TRV	B	0.1%	0.39%	0.1%
	TSCO	A	0.06%	0.17%	0.06%
	TSN	D	0.03%	0.17%	0.03%
	TXT	F	0.03%	0.5%	0.03%
	UAL	A	0.03%	0.99%	0.03%
	UHAL	C	0.01%	0.8%	0.01%
	UHAL	C	0.0%	0.8%	0.0%
	UPS	D	0.18%	0.33%	0.18%
	USB	C	0.14%	0.56%	0.14%
	VLO	F	0.09%	0.72%	0.09%
	VTR	C	0.05%	0.2%	0.05%
	VTRS	D	0.03%	0.73%	0.03%
	VZ	C	0.34%	0.73%	0.34%
	WBD	F	0.04%	0.75%	0.04%
	WEC	B	0.06%	0.59%	0.06%
	WFC	B	0.39%	0.63%	0.39%
	WLK	C	0.01%	0.17%	0.01%
	WMT	A	0.64%	0.19%	0.19%
	WPC	C	0.02%	0.56%	0.02%
	WRB	C	0.04%	0.36%	0.04%
	WY	C	0.04%	0.4%	0.04%
	XEL	C	0.07%	0.81%	0.07%
	XOM	A	1.02%	0.67%	0.67%
	ZBH	F	0.05%	0.49%	0.05%
	ZM	B	0.03%	0.57%	0.03%

VONE Overweight 789 Positions Relative to FTA

	Symbol	Grade	Weight
	AAPL	C	6.39%
	MSFT	D	5.96%
	NVDA	B	5.45%
	AMZN	C	3.18%
	META	A	2.19%
	GOOGL	B	1.85%
	LLY	D	1.57%
	GOOG	B	1.56%
	AVGO	B	1.42%
	JPM	C	1.24%
	TSLA	C	1.14%
	UNH	B	1.04%
	V	B	0.84%
	PG	D	0.78%
	MA	A	0.77%
	COST	C	0.76%
	HD	A	0.7%
	ABBV	C	0.67%
	NFLX	A	0.58%
	MRK	F	0.58%
	KO	C	0.54%
	ADBE	F	0.49%
	CRM	B	0.46%
	PEP	F	0.46%
	AMD	C	0.46%
	TMO	D	0.45%
	LIN	C	0.44%
	ORCL	A	0.43%
	ACN	B	0.41%
	MCD	A	0.4%
	PM	D	0.37%
	TXN	C	0.37%
	IBM	A	0.36%
	GE	B	0.36%
	NOW	B	0.34%
	DHR	D	0.34%
	AMGN	D	0.34%
	INTU	F	0.33%
	ISRG	C	0.33%
	CAT	A	0.33%
	PFE	D	0.32%
	DIS	D	0.32%
	SPGI	C	0.31%
	RTX	A	0.31%
	AMAT	C	0.31%
	UNP	F	0.3%
	AXP	A	0.28%
	UBER	C	0.28%
	PGR	B	0.28%
	TJX	D	0.26%
	BKNG	B	0.26%
	HON	C	0.26%
	VRTX	D	0.25%
	SYK	C	0.25%
	ETN	B	0.24%
	PLD	D	0.23%
	BSX	A	0.23%
	MMC	D	0.22%
	ADP	A	0.22%
	ADI	B	0.22%
	SBUX	B	0.21%
	LRCX	D	0.21%
	KLAC	B	0.21%
	PANW	B	0.21%
	FI	A	0.2%
	AMT	D	0.2%
	MU	D	0.2%
	SCHW	D	0.19%
	GILD	A	0.19%
	BA	F	0.19%
	BMY	A	0.19%
	BX	C	0.19%
	ICE	A	0.18%
	MO	D	0.18%
	SO	A	0.18%
	TMUS	A	0.18%
	SHW	C	0.17%
	CL	D	0.17%
	ANET	A	0.17%
	TT	A	0.16%
	KKR	A	0.16%
	ZTS	C	0.16%
	WM	B	0.16%
	CMG	C	0.15%
	PH	A	0.15%
	MCO	D	0.15%
	SNPS	F	0.15%
	EQIX	C	0.15%
	APH	D	0.15%
	WELL	C	0.14%
	MSI	A	0.14%
	NOC	B	0.14%
	CDNS	D	0.14%
	MCK	F	0.14%
	MMM	C	0.14%
	TDG	A	0.14%
	ITW	C	0.14%
	MRVL	C	0.13%
	ORLY	A	0.13%
	CSX	D	0.13%
	AON	A	0.13%
	CTAS	C	0.13%
	BDX	C	0.13%
	EMR	B	0.12%
	APO	A	0.12%
	CRWD	D	0.12%
	CARR	A	0.12%
	NEM	C	0.12%
	CEG	A	0.12%
	SLB	D	0.12%
	AJG	C	0.12%
	ECL	C	0.12%
	PLTR	A	0.12%
	FCX	B	0.12%
	AZO	D	0.11%
	MAR	A	0.11%
	ADSK	B	0.11%
	WDAY	D	0.11%
	WMB	A	0.11%
	NSC	C	0.11%
	ROP	D	0.11%
	TFC	D	0.11%
	SPOT	C	0.1%
	ALL	A	0.1%
	BK	A	0.1%
	ABNB	D	0.1%
	O	C	0.1%
	HLT	A	0.1%
	SPG	A	0.1%
	PSA	C	0.1%
	GEV	A	0.1%
	MSCI	B	0.09%
	DASH	A	0.09%
	AMP	A	0.09%
	IQV	F	0.09%
	TTD	A	0.09%
	MET	A	0.09%
	CPRT	B	0.09%
	FIS	A	0.09%
	NU	D	0.09%
	FTNT	A	0.09%
	CCI	D	0.09%
	DLR	C	0.09%
	URI	C	0.09%
	PCAR	D	0.09%
	ROST	D	0.09%
	AME	C	0.08%
	IDXX	D	0.08%
	PWR	A	0.08%
	EA	D	0.08%
	FICO	C	0.08%
	EW	F	0.08%
	A	B	0.08%
	PAYX	B	0.08%
	RSG	D	0.08%
	GWW	B	0.08%
	MCHP	F	0.08%
	MPWR	B	0.08%
	DFS	A	0.07%
	DDOG	B	0.07%
	VICI	C	0.07%
	MNST	D	0.07%
	RMD	C	0.07%
	GEHC	C	0.07%
	COIN	F	0.07%
	SNOW	F	0.07%
	SQ	D	0.07%
	IR	A	0.07%
	EXR	D	0.07%
	IT	A	0.07%
	EFX	D	0.07%
	ODFL	F	0.07%
	YUM	C	0.07%
	OTIS	A	0.07%
	STZ	D	0.07%
	HES	D	0.07%
	VRSK	D	0.07%
	RCL	B	0.07%
	FAST	C	0.07%
	HWM	A	0.07%
	DELL	C	0.06%
	VST	A	0.06%
	WAB	A	0.06%
	NDAQ	C	0.06%
	VRT	B	0.06%
	WTW	C	0.06%
	MTD	C	0.06%
	CDW	D	0.06%
	ROK	D	0.06%
	LULU	D	0.06%
	CSGP	F	0.06%
	VEEV	C	0.06%
	GLW	C	0.06%
	AVB	C	0.06%
	VMC	D	0.06%
	MLM	F	0.06%
	IRM	B	0.06%
	XYL	C	0.06%
	ALNY	C	0.06%
	ON	F	0.06%
	PPL	C	0.05%
	GDDY	B	0.05%
	STE	D	0.05%
	ES	D	0.05%
	FCNCA	D	0.05%
	SBAC	C	0.05%
	FSLR	C	0.05%
	APP	A	0.05%
	HUBS	D	0.05%
	DECK	B	0.05%
	NET	D	0.05%
	TYL	D	0.05%
	CHD	D	0.05%
	NTAP	D	0.05%
	BR	B	0.05%
	MRNA	F	0.05%
	BRO	A	0.05%
	CPNG	C	0.05%
	TEAM	D	0.05%
	ARES	A	0.05%
	FTV	C	0.05%
	AXON	A	0.05%
	IFF	D	0.05%
	KEYS	B	0.05%
	TTWO	D	0.05%
	NVR	C	0.05%
	DAL	C	0.05%
	DXCM	F	0.05%
	CAH	B	0.05%
	PHM	C	0.05%
	VLTO	A	0.05%
	ANSS	D	0.05%
	GRMN	D	0.05%
	NRG	A	0.04%
	EME	B	0.04%
	ZS	F	0.04%
	NTRS	B	0.04%
	TRU	C	0.04%
	HOLX	D	0.04%
	DRI	C	0.04%
	LII	C	0.04%
	PINS	D	0.04%
	ESS	D	0.04%
	BAX	D	0.04%
	CLX	C	0.04%
	BALL	C	0.04%
	MDB	D	0.04%
	CSL	A	0.04%
	WAT	B	0.04%
	BAH	C	0.04%
	MSTR	B	0.04%
	ILMN	B	0.04%
	BLDR	C	0.04%
	TER	C	0.04%
	EL	D	0.04%
	PTC	B	0.04%
	WDC	C	0.04%
	LDOS	A	0.04%
	HUBB	A	0.04%
	CBOE	B	0.04%
	SMCI	F	0.04%
	CPAY	A	0.04%
	RBLX	D	0.04%
	INVH	D	0.04%
	WST	D	0.04%
	XPO	F	0.03%
	DT	B	0.03%
	RNR	A	0.03%
	EVRG	C	0.03%
	CASY	D	0.03%
	KMX	F	0.03%
	IBKR	A	0.03%
	HOOD	B	0.03%
	REG	C	0.03%
	NTRA	A	0.03%
	ACM	A	0.03%
	ELS	D	0.03%
	DKS	D	0.03%
	AMH	D	0.03%
	GLPI	C	0.03%
	USFD	C	0.03%
	TW	A	0.03%
	TRMB	B	0.03%
	UHS	D	0.03%
	EQH	B	0.03%
	LVS	B	0.03%
	GGG	C	0.03%
	ROL	C	0.03%
	PODD	C	0.03%
	DPZ	D	0.03%
	NDSN	C	0.03%
	RGA	B	0.03%
	UDR	C	0.03%
	PNR	C	0.03%
	RPM	A	0.03%
	NI	A	0.03%
	LNT	B	0.03%
	PSTG	F	0.03%
	TOL	C	0.03%
	AKAM	D	0.03%
	LYV	A	0.03%
	NTNX	C	0.03%
	DKNG	C	0.03%
	RBA	D	0.03%
	IEX	D	0.03%
	DOC	C	0.03%
	SWK	C	0.03%
	CVNA	A	0.03%
	UTHR	C	0.03%
	VRSN	C	0.03%
	ENPH	F	0.03%
	FDS	C	0.03%
	THC	D	0.03%
	MANH	A	0.03%
	TPL	A	0.03%
	HEI	C	0.03%
	MRO	B	0.03%
	CCL	C	0.03%
	WSO	C	0.03%
	AMCR	C	0.03%
	SUI	D	0.03%
	IP	C	0.03%
	LPLA	D	0.03%
	ULTA	D	0.03%
	BURL	C	0.03%
	WSM	C	0.03%
	BMRN	F	0.03%
	DLTR	F	0.03%
	ENTG	D	0.03%
	MAS	C	0.03%
	AVTR	D	0.03%
	EXPE	B	0.03%
	ZBRA	B	0.03%
	AVY	D	0.03%
	ALGN	D	0.03%
	OGE	C	0.02%
	AR	C	0.02%
	BWA	C	0.02%
	WYNN	B	0.02%
	CRUS	D	0.02%
	ATI	C	0.02%
	ELF	F	0.02%
	BERY	C	0.02%
	CNM	F	0.02%
	WEX	C	0.02%
	MKSI	F	0.02%
	WBS	D	0.02%
	BFAM	C	0.02%
	LAD	C	0.02%
	AXTA	C	0.02%
	FMC	C	0.02%
	HLI	A	0.02%
	DINO	F	0.02%
	AA	B	0.02%
	FCN	C	0.02%
	APG	F	0.02%
	ACI	F	0.02%
	MHK	C	0.02%
	CZR	B	0.02%
	KNX	D	0.02%
	ALSN	A	0.02%
	BRX	C	0.02%
	GMED	B	0.02%
	SOFI	C	0.02%
	COLD	D	0.02%
	PAYC	D	0.02%
	Z	C	0.02%
	DAY	C	0.02%
	CIEN	A	0.02%
	NNN	C	0.02%
	MORN	B	0.02%
	RGEN	F	0.02%
	X	F	0.02%
	GLOB	D	0.02%
	ROKU	C	0.02%
	RBC	C	0.02%
	DCI	B	0.02%
	NYT	C	0.02%
	TPX	C	0.02%
	CROX	C	0.02%
	WAL	C	0.02%
	SOLV	C	0.02%
	INGR	B	0.02%
	CHE	D	0.02%
	EXP	C	0.02%
	HRB	C	0.02%
	SCCO	B	0.02%
	MKTX	B	0.02%
	SF	A	0.02%
	EVR	C	0.02%
	LW	D	0.02%
	OWL	A	0.02%
	CG	B	0.02%
	EGP	D	0.02%
	PRI	A	0.02%
	PR	D	0.02%
	ORI	A	0.02%
	HSIC	D	0.02%
	MEDP	F	0.02%
	CNH	C	0.02%
	FHN	D	0.02%
	GPK	D	0.02%
	OLED	B	0.02%
	MOS	F	0.02%
	EHC	C	0.02%
	RGLD	C	0.02%
	CHRD	F	0.02%
	SNX	C	0.02%
	MGM	D	0.02%
	KBR	A	0.02%
	GNRC	B	0.02%
	TPR	B	0.02%
	SKX	B	0.02%
	TKO	A	0.02%
	BWXT	A	0.02%
	TAP	D	0.02%
	ARMK	C	0.02%
	HAS	A	0.02%
	FRT	D	0.02%
	TTC	F	0.02%
	AFG	A	0.02%
	CHDN	C	0.02%
	GL	C	0.02%
	WTRG	D	0.02%
	CHK	C	0.02%
	OHI	C	0.02%
	DOX	B	0.02%
	MUSA	D	0.02%
	MTCH	B	0.02%
	WWD	C	0.02%
	PNW	C	0.02%
	LNW	F	0.02%
	ATR	A	0.02%
	SAIA	D	0.02%
	AFRM	C	0.02%
	AOS	C	0.02%
	CRL	F	0.02%
	QGEN	F	0.02%
	AIZ	B	0.02%
	COHR	B	0.02%
	APA	F	0.02%
	WMS	D	0.02%
	BJ	B	0.02%
	ONTO	B	0.02%
	UNM	A	0.02%
	ALB	D	0.02%
	CCK	C	0.02%
	CACI	A	0.02%
	LECO	D	0.02%
	JEF	A	0.02%
	KNSL	B	0.02%
	REXR	D	0.02%
	CTLT	A	0.02%
	TWLO	B	0.02%
	LAMR	C	0.02%
	SCI	D	0.02%
	TOST	B	0.02%
	QRVO	F	0.02%
	EXAS	C	0.02%
	RRX	B	0.02%
	HII	F	0.02%
	NVT	C	0.02%
	HEI	C	0.02%
	NWSA	D	0.02%
	TXRH	A	0.02%
	RPRX	D	0.02%
	ITT	C	0.02%
	TFX	C	0.02%
	WING	C	0.02%
	PFGC	A	0.02%
	OVV	D	0.02%
	TECH	D	0.02%
	EWBC	B	0.02%
	FTI	B	0.02%
	CUBE	C	0.02%
	RIVN	F	0.02%
	BXP	B	0.02%
	FFIV	B	0.02%
	FND	C	0.02%
	CW	A	0.02%
	CHRW	C	0.02%
	ALLY	F	0.02%
	JLL	C	0.02%
	EMN	C	0.02%
	GWRE	A	0.02%
	ALLE	A	0.02%
	SW	C	0.02%
	DOCU	A	0.02%
	AES	C	0.02%
	OKTA	F	0.02%
	HST	D	0.02%
	SRPT	F	0.02%
	FIX	A	0.02%
	JNPR	C	0.02%
	BLD	D	0.02%
	JKHY	A	0.02%
	NBIX	F	0.02%
	CLH	B	0.02%
	TTEK	A	0.02%
	CPT	C	0.02%
	RNG	F	0.01%
	COLM	B	0.01%
	AAP	F	0.01%
	RKT	D	0.01%
	AZTA	F	0.01%
	SPB	C	0.01%
	MPW	C	0.01%
	DV	F	0.01%
	PENN	D	0.01%
	TDC	D	0.01%
	CLVT	D	0.01%
	CWEN	C	0.01%
	BROS	F	0.01%
	BHF	D	0.01%
	NWS	D	0.01%
	SMG	C	0.01%
	CACC	F	0.01%
	CXT	F	0.01%
	ZG	C	0.01%
	NWL	D	0.01%
	CC	D	0.01%
	WEN	B	0.01%
	IRDM	C	0.01%
	ZI	F	0.01%
	NVST	D	0.01%
	FHB	D	0.01%
	TNL	B	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	PEGA	B	0.01%
	PK	D	0.01%
	NSA	D	0.01%
	HCP	A	0.01%
	HIW	C	0.01%
	MAN	D	0.01%
	YETI	C	0.01%
	COTY	F	0.01%
	EPR	C	0.01%
	LCID	F	0.01%
	HUN	B	0.01%
	CHH	A	0.01%
	DNB	D	0.01%
	CNXC	F	0.01%
	MSM	D	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	DXC	C	0.01%
	RH	C	0.01%
	LSXMK	D	0.01%
	KMPR	D	0.01%
	MSGS	A	0.01%
	NEU	F	0.01%
	LITE	A	0.01%
	W	C	0.01%
	APLS	F	0.01%
	IAC	C	0.01%
	PRGO	F	0.01%
	CPRI	C	0.01%
	DLB	D	0.01%
	WU	D	0.01%
	BYD	B	0.01%
	LOPE	D	0.01%
	SPR	D	0.01%
	FIVE	D	0.01%
	TPG	A	0.01%
	AGO	B	0.01%
	LYFT	D	0.01%
	KRC	C	0.01%
	FLO	D	0.01%
	M	D	0.01%
	SLGN	B	0.01%
	PSN	A	0.01%
	CUZ	C	0.01%
	GAP	F	0.01%
	DOCS	A	0.01%
	PII	D	0.01%
	ASH	F	0.01%
	HOG	D	0.01%
	GFS	F	0.01%
	AN	D	0.01%
	ALK	C	0.01%
	WTM	C	0.01%
	RYN	C	0.01%
	OZK	D	0.01%
	EEFT	F	0.01%
	RARE	D	0.01%
	U	D	0.01%
	JHG	A	0.01%
	SLM	B	0.01%
	AVT	B	0.01%
	AL	D	0.01%
	PATH	D	0.01%
	AM	A	0.01%
	FOUR	A	0.01%
	FOX	B	0.01%
	IDA	D	0.01%
	MDU	C	0.01%
	SEE	C	0.01%
	MASI	B	0.01%
	COLB	C	0.01%
	UGI	C	0.01%
	APPF	C	0.01%
	CFLT	F	0.01%
	NXST	D	0.01%
	OLN	D	0.01%
	HXL	F	0.01%
	XRAY	D	0.01%
	WHR	C	0.01%
	THG	A	0.01%
	INSP	C	0.01%
	BC	C	0.01%
	AWI	A	0.01%
	THO	C	0.01%
	S	C	0.01%
	SON	D	0.01%
	VVV	D	0.01%
	VNT	F	0.01%
	KD	D	0.01%
	NFG	A	0.01%
	FNB	D	0.01%
	SRCL	B	0.01%
	OLLI	C	0.01%
	LNC	B	0.01%
	TKR	B	0.01%
	AMG	B	0.01%
	OMF	D	0.01%
	ST	F	0.01%
	GTLB	D	0.01%
	AGCO	D	0.01%
	PVH	D	0.01%
	BILL	D	0.01%
	VMI	B	0.01%
	GXO	D	0.01%
	POST	C	0.01%
	OGN	F	0.01%
	VNO	B	0.01%
	PARA	F	0.01%
	ESAB	C	0.01%
	ESI	C	0.01%
	MTSI	B	0.01%
	AXS	A	0.01%
	AZEK	D	0.01%
	CLF	D	0.01%
	CIVI	F	0.01%
	LPX	C	0.01%
	STWD	C	0.01%
	ESTC	F	0.01%
	R	C	0.01%
	WH	C	0.01%
	GME	D	0.01%
	VFC	A	0.01%
	IVZ	A	0.01%
	PCOR	D	0.01%
	SMAR	A	0.01%
	DBX	C	0.01%
	RLI	A	0.01%
	FRPT	A	0.01%
	SN	A	0.01%
	RHI	D	0.01%
	ETSY	F	0.01%
	SITE	D	0.01%
	FAF	C	0.01%
	LSTR	F	0.01%
	PB	D	0.01%
	MAT	B	0.01%
	FLS	A	0.01%
	LSCC	D	0.01%
	RL	B	0.01%
	AAON	A	0.01%
	DAR	F	0.01%
	BIO	B	0.01%
	CFR	B	0.01%
	LEA	F	0.01%
	H	B	0.01%
	WBA	F	0.01%
	RYAN	A	0.01%
	MSA	F	0.01%
	MTDR	D	0.01%
	CELH	F	0.01%
	SNV	D	0.01%
	LFUS	C	0.01%
	MTN	D	0.01%
	VKTX	C	0.01%
	SAIC	A	0.01%
	TREX	D	0.01%
	G	A	0.01%
	MTG	A	0.01%
	SEIC	B	0.01%
	LBRDK	C	0.01%
	NOV	F	0.01%
	MTZ	A	0.01%
	PCTY	C	0.01%
	CGNX	F	0.01%
	OSK	F	0.01%
	WSC	D	0.01%
	IONS	F	0.01%
	BBWI	F	0.01%
	SWN	D	0.01%
	JAZZ	F	0.01%
	AAL	D	0.01%
	BRKR	D	0.01%
	ZION	D	0.01%
	KEX	C	0.01%
	WTFC	B	0.01%
	ADC	C	0.01%
	PLNT	B	0.01%
	GNTX	D	0.01%
	FYBR	C	0.01%
	AGNC	B	0.01%
	RRC	D	0.01%
	VOYA	A	0.01%
	WCC	D	0.01%
	BSY	D	0.01%
	STAG	D	0.01%
	ARW	C	0.01%
	BRBR	A	0.01%
	BPOP	D	0.01%
	FR	D	0.01%
	CMA	C	0.01%
	MIDD	D	0.01%
	PEN	D	0.01%
	EXEL	B	0.01%
	CBSH	D	0.01%
	ACHC	F	0.01%
	XP	F	0.01%
	ITCI	D	0.01%
	PNFP	B	0.01%
	WFRD	F	0.01%
	DVA	C	0.01%
	DTM	A	0.01%
	ELAN	D	0.01%
	CR	A	0.01%
	NCLH	C	0.01%
	AYI	A	0.01%
	COKE	C	0.01%
	SSD	B	0.01%
	DUOL	B	0.01%
	AMC	F	0.0%
	SEG	F	0.0%
	CWEN	C	0.0%
	PLTK	C	0.0%
	SIRI	C	0.0%
	TFSL	D	0.0%
	NFE	F	0.0%
	UI	B	0.0%
	SEB	F	0.0%
	PYCR	D	0.0%
	UWMC	D	0.0%
	LBRDA	C	0.0%
	DDS	D	0.0%
	DJT	F	0.0%
	UA	B	0.0%
	CNA	D	0.0%
	SNDR	D	0.0%
	WOLF	F	0.0%
	CERT	F	0.0%
	CAR	D	0.0%
	TRIP	D	0.0%
	INFA	D	0.0%
	LEG	D	0.0%
	MP	C	0.0%
	REYN	D	0.0%
	UAA	B	0.0%
	GO	F	0.0%
	PPC	C	0.0%
	ALGM	F	0.0%
	IPGP	D	0.0%
	VSTS	D	0.0%
	SHC	C	0.0%
	BIRK	F	0.0%
	QS	F	0.0%
	HAYW	C	0.0%
	FTRE	F	0.0%
	ADTN	C	0.0%
	KSS	D	0.0%
	RCM	B	0.0%
	JWN	D	0.0%
	BOKF	B	0.0%
	HHH	C	0.0%
	FIVN	F	0.0%
	PINC	F	0.0%
	CRI	D	0.0%
	TXG	F	0.0%
	ENOV	F	0.0%
	SAM	D	0.0%
	VIRT	B	0.0%
	NCNO	F	0.0%
	AGR	C	0.0%
	VAC	D	0.0%

VONE Underweight 1 Positions Relative to FTA

	Symbol	Grade	Weight
	TEL	D	-0.49%

VONE: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Business Services Asset Management Biotechnology Software - Infrastructure Utilities - Regulated Electric Oil & Gas E&P Semiconductors Specialty Retail Diagnostics & Research Capital Markets Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Aerospace & Defense Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Bank Banking Real Estate Investment Trust Aerospace Chemical Electricity Mining Telecommunications Medicine Semiconductor Insurance Products Dow Jones Component IBD 50 Biotechnology

FTA: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Packaged Foods Oil & Gas E&P Health Care Plans Insurance - Property & Casualty Utilities - Diversified Asset Management Chemicals Insurance - Diversified Integrated Shipping & Logistics Oil & Gas Midstream Specialty Retail Aerospace & Defense Banks - Global Capital Markets Communication Equipment Credit Services Discount Stores Farm Products

Keywords: S&P 500 Natural Gas Nasdaq 100 Insurance Electricity Bank Insurance Products Banking Petroleum Industry Electronics Aerospace Dow Jones Component Investment Bank Natural Gas Liquids Telecommunications Building Materials Cash Management Chemical Food Products Gas Transmission