VONE vs. TRFM ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to AAM Transformers ETF (TRFM)

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

TRFM

AAM Transformers ETF

TRFM Description

AAM Transformers ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Advisors Asset Management, Inc. and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across aerospace & defense, electronic components, IT consulting & other services, alternative carriers, electronic equipment & instruments, oil & gas refining & marketing, application software, heavy electrical equipment, independent power and renewable electricity producers, automobile manufacturers, hotels, resorts & cruise lines and leisure, semiconductors and semiconductor equipment, communications equipment, industrial machinery, consumer electronics, interactive home entertainment, specialty chemicals, copper, interactive media & services, systems software, data processing & outsourced services, internet & direct marketing retail, technology hardware and equipment, storage & peripherals, electrical components & equipment, internet services & infrastructure, trucking, communication services, media and entertainment, telecommunication services, diversified telecommunication services, consumer discretionary, automobiles and components, consumer durables and apparel, household durables, consumer services, retailing, energy, oil, gas and consumable fuels, industrials, capital goods, machinery, transportation, road and rail, information technology, software and services, IT services, materials, chemicals, metals and mining, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Pence Transformers Index, by using full replication technique. AAM Transformers ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$39.23

Average Daily Volume

3,017

Number of Holdings ^*

173

* may have additional holdings in another (foreign) market

Performance

Period	VONE	TRFM
30 Days	3.73%	11.72%
60 Days	5.23%	14.86%
90 Days	7.15%	16.44%
12 Months	33.49%	37.14%

104 Overlapping Holdings

Symbol	Grade	Weight in VONE	Weight in TRFM	Overlap
AAPL	C	6.26%	0.81%	0.81%
ABBV	D	0.69%	0.51%	0.51%
ABNB	C	0.11%	0.65%	0.11%
ACN	C	0.41%	0.52%	0.41%
ADBE	C	0.4%	0.69%	0.4%
ADSK	A	0.12%	0.67%	0.12%
AES	F	0.02%	0.21%	0.02%
AFRM	B	0.02%	0.42%	0.02%
ALGM	D	0.0%	0.24%	0.0%
AMD	F	0.44%	0.81%	0.44%
AME	A	0.08%	0.64%	0.08%
AMZN	C	3.3%	0.93%	0.93%
ANET	C	0.19%	0.66%	0.19%
APH	A	0.15%	0.65%	0.15%
APP	B	0.08%	2.1%	0.08%
APPF	B	0.01%	0.26%	0.01%
AVGO	D	1.47%	0.94%	0.94%
AXON	A	0.06%	0.94%	0.06%
BA	F	0.2%	0.51%	0.2%
BILL	A	0.01%	0.4%	0.01%
CDNS	B	0.14%	0.67%	0.14%
CFLT	B	0.01%	0.37%	0.01%
CGNX	C	0.01%	0.26%	0.01%
COHR	B	0.02%	0.38%	0.02%
CPAY	A	0.04%	0.66%	0.04%
CPNG	D	0.06%	0.59%	0.06%
CRM	B	0.52%	1.05%	0.52%
CRWD	B	0.13%	0.78%	0.13%
DASH	A	0.1%	0.76%	0.1%
DCI	B	0.02%	0.27%	0.02%
DDOG	A	0.07%	0.69%	0.07%
DT	C	0.03%	0.26%	0.03%
EMR	A	0.12%	0.72%	0.12%
ENTG	D	0.03%	0.24%	0.03%
ETN	A	0.25%	1.0%	0.25%
FICO	B	0.09%	0.73%	0.09%
FOUR	B	0.01%	0.34%	0.01%
FSLR	F	0.04%	0.48%	0.04%
FTNT	C	0.09%	0.67%	0.09%
FTV	C	0.05%	0.59%	0.05%
GEV	B	0.16%	0.95%	0.16%
GFS	C	0.01%	0.57%	0.01%
GLOB	B	0.02%	0.28%	0.02%
GNRC	B	0.02%	0.33%	0.02%
GOOGL	C	1.92%	0.92%	0.92%
GTLB	B	0.01%	0.3%	0.01%
HCP	B	0.01%	0.25%	0.01%
HEI	B	0.03%	0.61%	0.03%
HEI	B	0.02%	0.61%	0.02%
HUBB	B	0.04%	0.3%	0.04%
HUBS	A	0.05%	0.77%	0.05%
HWM	A	0.08%	0.7%	0.08%
IBM	C	0.36%	0.84%	0.36%
INTU	C	0.32%	0.82%	0.32%
IPGP	D	0.0%	0.3%	0.0%
ITT	A	0.02%	0.3%	0.02%
KLAC	D	0.17%	0.48%	0.17%
LITE	B	0.01%	0.4%	0.01%
LRCX	F	0.18%	0.53%	0.18%
LYFT	C	0.01%	0.38%	0.01%
MA	C	0.79%	0.85%	0.79%
MDB	C	0.04%	0.55%	0.04%
META	D	2.37%	0.89%	0.89%
MPWR	F	0.07%	0.38%	0.07%
MRVL	B	0.13%	0.74%	0.13%
MSFT	F	5.76%	0.81%	0.81%
MTSI	B	0.01%	0.34%	0.01%
MU	D	0.21%	0.62%	0.21%
NDSN	B	0.03%	0.26%	0.03%
NET	B	0.05%	0.7%	0.05%
NOW	A	0.37%	0.97%	0.37%
NTNX	A	0.03%	0.29%	0.03%
NVDA	C	5.92%	1.12%	1.12%
NVT	B	0.02%	0.31%	0.02%
OLED	D	0.02%	0.23%	0.02%
ONTO	D	0.02%	0.23%	0.02%
ORCL	B	0.5%	1.06%	0.5%
PANW	C	0.21%	0.92%	0.21%
PCOR	B	0.01%	0.33%	0.01%
PINS	D	0.04%	0.55%	0.04%
PTC	A	0.04%	0.29%	0.04%
RBLX	C	0.05%	0.64%	0.05%
RIVN	F	0.02%	0.19%	0.02%
S	B	0.01%	0.31%	0.01%
SMAR	A	0.01%	0.27%	0.01%
SMCI	F	0.03%	0.36%	0.03%
SNOW	C	0.07%	0.65%	0.07%
SNPS	B	0.15%	0.64%	0.15%
SPR	D	0.01%	0.25%	0.01%
SQ	B	0.08%	0.8%	0.08%
TDG	D	0.13%	0.55%	0.13%
TEAM	A	0.06%	0.75%	0.06%
TER	D	0.03%	0.22%	0.03%
TOST	B	0.03%	0.46%	0.03%
TSLA	B	1.32%	1.27%	1.27%
TTWO	A	0.05%	0.65%	0.05%
TXN	C	0.35%	0.79%	0.35%
TYL	B	0.05%	0.56%	0.05%
UBER	D	0.28%	0.79%	0.28%
V	A	0.87%	0.86%	0.86%
VST	B	0.08%	1.16%	0.08%
WDAY	B	0.09%	0.56%	0.09%
WWD	B	0.02%	0.27%	0.02%
ZS	C	0.03%	0.71%	0.03%

VONE Overweight 876 Positions Relative to TRFM

Symbol	Grade	Weight
GOOG	C	1.62%
BRK.A	B	1.57%
LLY	F	1.27%
JPM	A	1.21%
XOM	B	1.0%
UNH	C	0.99%
JNJ	D	0.74%
COST	B	0.74%
PG	A	0.74%
HD	A	0.74%
WMT	A	0.68%
NFLX	A	0.62%
BAC	A	0.54%
CVX	A	0.49%
MRK	F	0.49%
KO	D	0.48%
PEP	F	0.44%
WFC	A	0.43%
LIN	D	0.42%
CSCO	B	0.42%
TMO	F	0.4%
MCD	D	0.4%
PM	B	0.39%
ABT	B	0.37%
GE	D	0.36%
QCOM	F	0.35%
CAT	B	0.35%
DIS	B	0.34%
VZ	C	0.34%
ISRG	A	0.34%
AMGN	D	0.33%
CMCSA	B	0.32%
PFE	D	0.31%
RTX	C	0.31%
T	A	0.31%
NEE	D	0.31%
GS	A	0.31%
DHR	F	0.3%
BKNG	A	0.3%
LOW	D	0.29%
SPGI	C	0.29%
AMAT	F	0.29%
AXP	A	0.29%
BLK	C	0.28%
UNP	C	0.27%
PGR	A	0.27%
HON	B	0.26%
MS	A	0.26%
SYK	C	0.25%
BSX	B	0.24%
TJX	A	0.24%
COP	C	0.24%
BX	A	0.23%
ADP	B	0.23%
VRTX	F	0.23%
C	A	0.23%
BMY	B	0.22%
FI	A	0.22%
CB	C	0.22%
MDT	D	0.22%
LMT	D	0.22%
MMC	B	0.21%
TMUS	B	0.21%
SBUX	A	0.21%
ADI	D	0.21%
GILD	C	0.21%
PLD	D	0.2%
SCHW	B	0.2%
UPS	C	0.19%
AMT	D	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%
CI	F	0.17%
ICE	C	0.17%
DUK	C	0.17%
INTC	D	0.17%
ZTS	D	0.16%
WELL	A	0.16%
CEG	D	0.16%
PLTR	B	0.16%
TT	A	0.16%
SHW	A	0.16%
EQIX	A	0.16%
WM	A	0.16%
CL	D	0.15%
ITW	B	0.15%
GD	F	0.15%
CME	A	0.15%
PH	A	0.15%
PYPL	B	0.15%
MMM	D	0.14%
CTAS	B	0.14%
CVS	D	0.14%
MCO	B	0.14%
AON	A	0.14%
MSI	B	0.14%
APO	B	0.14%
PNC	B	0.14%
USB	A	0.14%
CMG	B	0.14%
CSX	B	0.13%
ORLY	B	0.13%
BDX	F	0.13%
HCA	F	0.13%
APD	A	0.13%
TGT	F	0.13%
EOG	A	0.13%
NOC	D	0.13%
AJG	B	0.12%
CARR	D	0.12%
ECL	D	0.12%
COF	B	0.12%
FDX	B	0.12%
WMB	A	0.12%
FCX	D	0.12%
MCK	B	0.12%
BK	A	0.11%
TRV	B	0.11%
OKE	A	0.11%
NSC	B	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%
MAR	B	0.11%
DHI	D	0.1%
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%
PSA	D	0.1%
O	D	0.1%
AEP	D	0.1%
NEM	D	0.1%
SRE	A	0.1%
TTD	B	0.1%
PCAR	B	0.1%
URI	B	0.1%
SPG	B	0.1%
CPRT	A	0.09%
CMI	A	0.09%
FAST	B	0.09%
PAYX	C	0.09%
KMB	D	0.09%
ROST	C	0.09%
MET	A	0.09%
CCI	D	0.09%
LHX	C	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%
F	C	0.08%
RSG	A	0.08%
VLO	C	0.08%
LEN	D	0.08%
CTVA	C	0.08%
PCG	A	0.08%
KVUE	A	0.08%
MSCI	C	0.08%
LNG	B	0.08%
PWR	A	0.08%
PRU	A	0.08%
PEG	A	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%
ED	D	0.07%
ACGL	D	0.07%
IRM	D	0.07%
LULU	C	0.07%
GLW	B	0.07%
MLM	B	0.07%
VMC	B	0.07%
TRGP	B	0.07%
KR	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%
HES	B	0.07%
IT	C	0.07%
COR	B	0.07%
GIS	D	0.07%
MNST	C	0.07%
A	D	0.07%
BKR	B	0.07%
MSTR	C	0.07%
GEHC	F	0.07%
IR	B	0.07%
MCHP	D	0.07%
EXC	C	0.07%
VRT	B	0.07%
VRSK	A	0.07%
PPG	F	0.06%
EBAY	D	0.06%
XYL	D	0.06%
CSGP	D	0.06%
KHC	F	0.06%
FITB	A	0.06%
WEC	A	0.06%
ON	D	0.06%
NDAQ	A	0.06%
ROK	B	0.06%
ARES	A	0.06%
GRMN	B	0.06%
CHTR	C	0.06%
VEEV	C	0.06%
WTW	B	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%
OXY	D	0.06%
IDXX	F	0.06%
DELL	C	0.06%
ALNY	D	0.06%
NUE	C	0.06%
NTAP	C	0.05%
PPL	B	0.05%
FE	C	0.05%
TROW	B	0.05%
DVN	F	0.05%
CHD	B	0.05%
HAL	C	0.05%
SBAC	D	0.05%
DECK	A	0.05%
BR	A	0.05%
LDOS	C	0.05%
BRO	B	0.05%
VLTO	D	0.05%
CDW	F	0.05%
HPE	B	0.05%
BIIB	F	0.05%
IFF	D	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%
ADM	D	0.05%
GPN	B	0.05%
SW	A	0.05%
CAH	B	0.05%
VTR	C	0.05%
EQR	B	0.05%
PHM	D	0.05%
CVNA	B	0.05%
AWK	D	0.05%
MTD	D	0.05%
ANSS	B	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%
NRG	B	0.04%
WAT	B	0.04%
DRI	B	0.04%
LH	C	0.04%
IP	B	0.04%
INVH	D	0.04%
LII	A	0.04%
ARE	D	0.04%
STLD	B	0.04%
ZBRA	B	0.04%
TRU	D	0.04%
CLX	B	0.04%
BBY	D	0.04%
OMC	C	0.04%
CSL	C	0.04%
MKL	A	0.04%
ZM	B	0.04%
WBD	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%
TDY	B	0.04%
LPLA	A	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%
CCL	B	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%
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%
EWBC	A	0.03%
TWLO	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%
SWKS	F	0.03%
USFD	A	0.03%
DOCU	A	0.03%
ACM	A	0.03%
SWK	D	0.03%
L	A	0.03%
DPZ	C	0.03%
CASY	A	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%
TXT	D	0.03%
JBHT	C	0.03%
CF	B	0.03%
XPO	B	0.03%
SSNC	B	0.03%
GWRE	A	0.03%
AKAM	D	0.03%
TOL	B	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%
BURL	A	0.03%
GEN	B	0.03%
NI	A	0.03%
DOC	D	0.03%
EL	F	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%
AVY	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%
MEDP	D	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%
AXTA	A	0.02%
SKX	D	0.02%
WCC	B	0.02%
CNM	D	0.02%
PEN	B	0.02%
LNW	D	0.02%
MGM	D	0.02%
WING	D	0.02%
APA	D	0.02%
MOS	F	0.02%
BRBR	A	0.02%
GPK	C	0.02%
CZR	F	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%
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%
GL	B	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%
SCCO	F	0.02%
EVR	B	0.02%
EXEL	B	0.02%
RGLD	C	0.02%
EXP	A	0.02%
ALLY	C	0.02%
WTRG	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%
SOLV	C	0.02%
PNW	B	0.02%
AIZ	A	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%
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%
BLD	D	0.02%
KMX	B	0.02%
SRPT	D	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%
INCY	C	0.02%
CHRW	C	0.02%
UHS	D	0.02%
BG	F	0.02%
UNM	A	0.02%
WPC	D	0.02%
AMH	D	0.02%
CLH	B	0.02%
HST	C	0.02%
CPT	B	0.02%
NBIX	C	0.02%
CACI	D	0.02%
ALLE	D	0.02%
EMN	D	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%
TDC	D	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%
PEGA	A	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%
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%
GAP	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%
AGO	B	0.01%
WTM	A	0.01%
WLK	D	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%
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%
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%
CRUS	D	0.01%
WSC	D	0.01%
MDU	D	0.01%
AXS	A	0.01%
IONS	F	0.01%
STWD	C	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%
ELAN	D	0.01%
AZEK	A	0.01%
SITE	D	0.01%
H	B	0.01%
IVZ	B	0.01%
BPOP	B	0.01%
ARW	D	0.01%
BRKR	D	0.01%
RLI	B	0.01%
PB	A	0.01%
CROX	D	0.01%
BBWI	D	0.01%
DBX	B	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%
QRVO	F	0.01%
FR	C	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%
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%
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%
SEIC	B	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%
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%
PLTK	B	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%
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%
SPB	C	0.0%

VONE Underweight 70 Positions Relative to TRFM

Symbol	Grade	Weight
RKLB	B	-0.88%
SHOP	B	-0.76%
SE	B	-0.73%
TCOM	B	-0.67%
IOT	A	-0.65%
BE	B	-0.63%
PDD	F	-0.62%
RDDT	B	-0.61%
TSM	B	-0.59%
ARM	D	-0.56%
SAP	B	-0.55%
STX	D	-0.55%
MELI	D	-0.48%
PAY	B	-0.46%
CRDO	B	-0.45%
CLSK	C	-0.44%
GRAB	B	-0.44%
MARA	C	-0.43%
ASML	F	-0.43%
SITM	B	-0.4%
XPEV	C	-0.38%
ZK	D	-0.38%
GTLS	B	-0.38%
AI	B	-0.38%
RBRK	A	-0.37%
GLBE	B	-0.37%
VERX	B	-0.37%
RMBS	C	-0.35%
ALKT	B	-0.33%
CWAN	B	-0.33%
EXLS	B	-0.32%
LI	F	-0.32%
DLO	C	-0.32%
FLYW	C	-0.32%
BILI	D	-0.32%
CYBR	B	-0.31%
AGYS	A	-0.31%
SNAP	C	-0.31%
SMTC	B	-0.31%
CLBT	B	-0.3%
AEIS	B	-0.3%
PI	D	-0.3%
FLNC	C	-0.3%
FROG	C	-0.29%
AMBA	B	-0.29%
BMI	B	-0.29%
ORA	B	-0.28%
BZ	F	-0.28%
GDS	C	-0.28%
MNDY	C	-0.28%
AVAV	D	-0.28%
ASX	D	-0.28%
EVTC	B	-0.28%
ERJ	B	-0.28%
POWI	D	-0.27%
BRZE	C	-0.26%
SYNA	C	-0.26%
AY	B	-0.26%
ENS	D	-0.25%
AIN	C	-0.25%
NIO	F	-0.24%
FORM	D	-0.24%
SLAB	D	-0.24%
SPSC	C	-0.24%
ZETA	D	-0.23%
PAGS	F	-0.21%
STNE	F	-0.21%
UMC	F	-0.21%
MQ	F	-0.2%
RUN	F	-0.14%

TRFM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Aerospace & Defense Semiconductor Equipment & Materials Information Technology Services Auto Manufacturers Diversified Industrials Electronic Components Internet Content & Information Scientific & Technical Instruments Business Services Internet Content & Information Specialty Retail Utilities - Independent Power Producers Communication Equipment Credit Services Data Storage Electronic Gaming & Multimedia Internet Retail