VONV vs. AVUV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Avantis U.S. Small Cap Value ETF (AVUV)

VONV

Vanguard Russell 1000 Value ETF

VONV Description

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

$85.21

Average Daily Volume

368,652

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

AVUV

Avantis U.S. Small Cap Value ETF

AVUV Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups. Under normal market conditions, it will invest at least 80% of its assets in securities of small capitalization companies located in the United States. The fund also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$101.85

Average Daily Volume

784,116

Number of Holdings ^*

712

* may have additional holdings in another (foreign) market

Performance

Period	VONV	AVUV
30 Days	1.23%	5.42%
60 Days	5.38%	10.62%
90 Days	7.88%	11.37%
12 Months	29.73%	30.20%

57 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in AVUV	Overlap
AAP	D	0.01%	0.21%	0.01%
AGO	B	0.02%	0.44%	0.02%
AL	B	0.02%	0.8%	0.02%
ALK	A	0.02%	0.91%	0.02%
AM	B	0.01%	0.15%	0.01%
AMKR	F	0.01%	0.07%	0.01%
ASH	F	0.02%	0.05%	0.02%
AVT	C	0.02%	0.55%	0.02%
AXS	A	0.02%	0.4%	0.02%
BHF	B	0.01%	0.45%	0.01%
BPOP	C	0.03%	0.21%	0.03%
CC	C	0.01%	0.2%	0.01%
CIVI	F	0.01%	0.2%	0.01%
CLF	D	0.02%	0.05%	0.02%
CLVT	F	0.01%	0.1%	0.01%
CMA	A	0.03%	0.02%	0.02%
COLB	B	0.02%	0.48%	0.02%
COLM	B	0.01%	0.39%	0.01%
CRI	D	0.01%	0.31%	0.01%
DDS	C	0.0%	0.07%	0.0%
DXC	B	0.01%	0.67%	0.01%
FIVE	F	0.0%	0.02%	0.0%
FNB	A	0.02%	0.29%	0.02%
FYBR	D	0.03%	0.29%	0.03%
GAP	B	0.02%	0.12%	0.02%
HHH	B	0.01%	0.22%	0.01%
HOG	F	0.02%	0.63%	0.02%
IRDM	C	0.01%	0.2%	0.01%
JWN	B	0.01%	0.38%	0.01%
KSS	F	0.01%	0.42%	0.01%
LEA	F	0.02%	0.0%	0.0%
LPX	B	0.01%	0.27%	0.01%
M	D	0.02%	0.6%	0.02%
MDU	F	0.02%	0.5%	0.02%
MTDR	C	0.02%	0.13%	0.02%
MTG	C	0.03%	0.39%	0.03%
NEU	C	0.01%	0.0%	0.0%
OMF	A	0.02%	0.21%	0.02%
OZK	B	0.02%	0.53%	0.02%
PII	F	0.02%	0.35%	0.02%
PINC	A	0.01%	0.31%	0.01%
PVH	C	0.02%	0.13%	0.02%
R	A	0.02%	0.72%	0.02%
SEB	D	0.0%	0.08%	0.0%
SEG	F	0.0%	0.0%	0.0%
SF	B	0.04%	0.01%	0.01%
SLM	B	0.02%	0.67%	0.02%
SNDR	B	0.01%	0.17%	0.01%
SNV	B	0.02%	0.27%	0.02%
THG	A	0.02%	0.07%	0.02%
THO	B	0.02%	0.56%	0.02%
UA	B	0.01%	0.06%	0.01%
UAA	B	0.01%	0.13%	0.01%
WAL	B	0.04%	0.11%	0.04%
WTFC	B	0.03%	0.26%	0.03%
WTM	A	0.02%	0.05%	0.02%
ZION	B	0.03%	0.09%	0.03%

VONV Overweight 787 Positions Relative to AVUV

Symbol	Grade	Weight
BRK.A	B	3.33%
JPM	B	2.39%
XOM	B	2.08%
UNH	B	1.98%
JNJ	D	1.55%
WMT	A	1.39%
PG	C	1.26%
BAC	A	1.07%
CVX	B	1.0%
TMO	F	0.93%
LIN	D	0.91%
ACN	C	0.88%
CSCO	A	0.85%
MCD	C	0.81%
IBM	C	0.8%
ABBV	D	0.79%
ABT	C	0.78%
WFC	A	0.78%
PM	C	0.75%
VZ	C	0.75%
DHR	F	0.71%
DIS	B	0.7%
NEE	D	0.69%
PFE	F	0.65%
CAT	C	0.65%
TXN	C	0.65%
RTX	C	0.64%
GE	C	0.64%
SPGI	C	0.64%
CMCSA	B	0.63%
T	A	0.62%
LOW	B	0.61%
BLK	B	0.55%
ETN	A	0.52%
BSX	A	0.49%
COP	C	0.49%
KO	F	0.47%
C	A	0.47%
MDT	D	0.46%
CB	C	0.46%
PLD	D	0.46%
HON	B	0.45%
MS	A	0.45%
ADI	F	0.45%
GS	B	0.45%
MU	D	0.45%
BMY	B	0.42%
DE	D	0.42%
GILD	C	0.41%
TMUS	A	0.4%
INTC	C	0.4%
REGN	F	0.4%
ELV	F	0.4%
MDLZ	F	0.39%
SO	D	0.39%
UPS	C	0.39%
MMC	C	0.38%
AXP	B	0.38%
AMD	F	0.36%
ICE	D	0.36%
SYK	A	0.36%
MO	A	0.35%
CI	D	0.35%
DUK	D	0.35%
LMT	C	0.34%
SCHW	A	0.34%
GD	A	0.33%
PYPL	A	0.32%
PH	A	0.32%
HD	B	0.32%
WELL	B	0.31%
UNP	C	0.31%
CME	A	0.31%
CVS	F	0.31%
EQIX	B	0.31%
TGT	C	0.29%
NOC	C	0.29%
PNC	B	0.29%
BA	F	0.29%
BDX	D	0.28%
FI	A	0.28%
EOG	A	0.28%
USB	A	0.28%
FCX	F	0.28%
CSX	B	0.27%
AON	A	0.27%
CEG	D	0.27%
GEV	B	0.27%
APD	B	0.26%
FDX	B	0.25%
TDG	B	0.25%
AFL	C	0.25%
EMR	A	0.25%
KKR	B	0.25%
ROP	A	0.24%
SLB	C	0.24%
VRTX	B	0.24%
MMM	C	0.24%
NEM	F	0.24%
MAR	A	0.23%
TFC	B	0.23%
MPC	D	0.23%
HCA	D	0.23%
TT	A	0.23%
TJX	B	0.22%
CARR	C	0.22%
PSX	D	0.22%
O	D	0.22%
WMB	B	0.22%
NSC	B	0.22%
AJG	A	0.22%
DHI	F	0.22%
COF	B	0.22%
MRVL	B	0.22%
DLR	C	0.21%
SRE	A	0.21%
BK	B	0.21%
OKE	A	0.21%
TRV	B	0.21%
AEP	D	0.21%
GM	A	0.2%
PCAR	B	0.2%
CCI	F	0.2%
FIS	B	0.19%
AIG	B	0.19%
D	D	0.19%
ITW	A	0.19%
MET	C	0.19%
PSA	C	0.19%
PEP	D	0.19%
KVUE	B	0.18%
PEG	C	0.18%
LEN	D	0.18%
LHX	A	0.18%
OTIS	C	0.17%
ALL	A	0.17%
PCG	A	0.17%
MCHP	F	0.17%
KMI	B	0.17%
VLO	D	0.17%
JCI	A	0.17%
A	F	0.17%
PRU	B	0.17%
CMI	A	0.17%
CNC	F	0.16%
IR	A	0.16%
AME	A	0.16%
KDP	D	0.16%
ACGL	D	0.16%
EXC	C	0.16%
NKE	F	0.16%
SPG	B	0.16%
URI	B	0.16%
STZ	D	0.16%
CTVA	C	0.16%
RSG	A	0.16%
GIS	F	0.16%
F	C	0.16%
DD	D	0.15%
GEHC	F	0.15%
EXR	D	0.15%
IQV	F	0.15%
CL	F	0.15%
KR	A	0.15%
CBRE	A	0.15%
ROST	F	0.15%
HWM	A	0.15%
HUM	D	0.15%
AMGN	F	0.15%
EA	A	0.15%
CTSH	A	0.15%
DOW	F	0.15%
MSI	B	0.15%
CRM	B	0.15%
OXY	D	0.14%
HIG	C	0.14%
GLW	C	0.14%
VICI	D	0.14%
DFS	B	0.14%
ED	D	0.14%
NUE	C	0.14%
BKR	B	0.14%
XEL	A	0.14%
MCK	A	0.14%
MTD	F	0.13%
WAB	A	0.13%
EW	D	0.13%
AVB	A	0.13%
APH	B	0.13%
FANG	D	0.13%
XYL	D	0.13%
DAL	A	0.13%
EBAY	C	0.13%
EIX	C	0.13%
FITB	A	0.12%
PHM	D	0.12%
MTB	B	0.12%
PWR	B	0.12%
NDAQ	A	0.12%
WTW	A	0.12%
WEC	B	0.12%
CHTR	B	0.12%
CSGP	D	0.12%
PPG	F	0.12%
ON	F	0.12%
MLM	B	0.12%
KHC	F	0.12%
HPE	B	0.11%
DTE	D	0.11%
FSLR	F	0.11%
HPQ	B	0.11%
STT	B	0.11%
IFF	F	0.11%
DELL	B	0.11%
GRMN	A	0.11%
RCL	A	0.11%
HLT	A	0.11%
PAYX	B	0.11%
KEYS	C	0.11%
FTV	D	0.11%
ANSS	B	0.11%
ROK	B	0.11%
ETR	B	0.11%
EQR	C	0.11%
NVR	D	0.11%
KMB	F	0.11%
BIIB	F	0.11%
ADM	F	0.11%
AWK	D	0.11%
EFX	D	0.11%
HSY	D	0.1%
YUM	B	0.1%
PPL	A	0.1%
VMC	B	0.1%
DVN	F	0.1%
WY	F	0.1%
MSTR	B	0.1%
SBUX	B	0.1%
LYB	F	0.1%
SW	C	0.1%
FE	D	0.1%
CHD	B	0.1%
HAL	C	0.1%
RMD	C	0.1%
SBAC	D	0.1%
VTR	C	0.1%
GPN	B	0.1%
DOV	A	0.1%
TTWO	A	0.1%
SQ	B	0.09%
INVH	D	0.09%
MRNA	F	0.09%
CBOE	D	0.09%
LDOS	B	0.09%
FCNCA	B	0.09%
ZBH	C	0.09%
BBY	D	0.09%
WDC	D	0.09%
HUBB	B	0.09%
RJF	A	0.09%
PGR	A	0.09%
AEE	A	0.09%
ES	D	0.09%
STE	F	0.09%
TROW	B	0.09%
PKG	B	0.08%
TRU	D	0.08%
BAX	F	0.08%
GPC	D	0.08%
APTV	D	0.08%
SYF	B	0.08%
PFG	C	0.08%
OMC	B	0.08%
WBD	B	0.08%
LNG	B	0.08%
TDY	A	0.08%
EQT	B	0.08%
ARE	F	0.08%
MKC	D	0.08%
ILMN	C	0.08%
BALL	D	0.08%
CINF	A	0.08%
ATO	A	0.08%
CMS	C	0.08%
K	A	0.08%
BLDR	D	0.08%
HBAN	B	0.08%
RF	B	0.08%
APO	B	0.07%
TXT	C	0.07%
RS	B	0.07%
WRB	B	0.07%
SUI	D	0.07%
TSN	C	0.07%
IP	C	0.07%
SWK	F	0.07%
WSO	A	0.07%
DGX	A	0.07%
AVTR	F	0.07%
LUV	B	0.07%
CTRA	B	0.07%
CSL	B	0.07%
NTRS	A	0.07%
ZM	B	0.07%
CCL	A	0.07%
MAA	C	0.07%
MAS	D	0.07%
CFG	B	0.07%
DG	F	0.07%
HOLX	D	0.07%
CNP	B	0.07%
UAL	B	0.07%
STLD	B	0.07%
LH	A	0.07%
MSCI	B	0.07%
ESS	C	0.07%
RNR	D	0.06%
ACM	B	0.06%
JBHT	B	0.06%
NTAP	D	0.06%
USFD	A	0.06%
EG	D	0.06%
L	A	0.06%
DLTR	F	0.06%
AES	F	0.06%
RGA	A	0.06%
GGG	B	0.06%
EL	F	0.06%
IBKR	A	0.06%
SYY	B	0.06%
RBA	B	0.06%
IRM	D	0.06%
MRO	B	0.06%
SNA	A	0.06%
UDR	C	0.06%
ZBRA	A	0.06%
NDSN	B	0.06%
GEN	A	0.06%
VRSN	C	0.06%
CDW	F	0.06%
TRMB	B	0.06%
VLTO	C	0.06%
AKAM	F	0.06%
OC	A	0.06%
KIM	A	0.06%
MKL	A	0.06%
CAG	F	0.06%
KEY	B	0.06%
EXPD	D	0.06%
HOOD	B	0.06%
NI	A	0.06%
LNT	C	0.06%
CF	B	0.06%
ZTS	D	0.06%
UTHR	B	0.06%
TOL	C	0.06%
RVTY	C	0.06%
THC	B	0.06%
SWKS	F	0.06%
DOC	C	0.06%
SSNC	C	0.06%
FNF	C	0.06%
PNR	A	0.06%
IEX	B	0.06%
AMCR	D	0.06%
J	B	0.06%
EWBC	B	0.05%
CASY	B	0.05%
NVT	B	0.05%
TFX	F	0.05%
COHR	B	0.05%
QCOM	F	0.05%
BLD	F	0.05%
RPM	A	0.05%
IPG	F	0.05%
CUBE	D	0.05%
EME	B	0.05%
JBL	C	0.05%
CLH	B	0.05%
CVNA	B	0.05%
HST	C	0.05%
ITT	A	0.05%
TECH	B	0.05%
CW	B	0.05%
SJM	F	0.05%
BXP	D	0.05%
JNPR	D	0.05%
ALLE	D	0.05%
CPT	C	0.05%
CHRW	A	0.05%
JKHY	C	0.05%
FFIV	A	0.05%
AMH	C	0.05%
EMN	D	0.05%
ELS	C	0.05%
UHS	D	0.05%
BMRN	F	0.05%
REG	A	0.05%
HES	C	0.05%
GLPI	D	0.05%
WPC	F	0.05%
BG	D	0.05%
AMAT	F	0.05%
VTRS	B	0.05%
EVRG	A	0.05%
BRO	A	0.05%
DCI	A	0.04%
CIEN	B	0.04%
APA	F	0.04%
NYT	C	0.04%
EGP	C	0.04%
CZR	F	0.04%
FTNT	B	0.04%
INGR	B	0.04%
TTC	F	0.04%
MGM	D	0.04%
SNX	C	0.04%
WYNN	F	0.04%
EVR	B	0.04%
PRI	A	0.04%
HRL	F	0.04%
RGLD	C	0.04%
RIVN	D	0.04%
DRI	B	0.04%
HSIC	F	0.04%
GL	B	0.04%
CPB	F	0.04%
FRT	C	0.04%
AFRM	B	0.04%
CG	C	0.04%
MKTX	C	0.04%
EHC	A	0.04%
SOLV	D	0.04%
AA	C	0.04%
MTCH	F	0.04%
FOXA	A	0.04%
AFG	A	0.04%
CNH	D	0.04%
WTRG	C	0.04%
QRVO	F	0.04%
DPZ	C	0.04%
INCY	B	0.04%
TTEK	C	0.04%
DOX	C	0.04%
OHI	C	0.04%
OVV	C	0.04%
PNW	B	0.04%
NWSA	B	0.04%
CRL	C	0.04%
TAP	B	0.04%
QGEN	D	0.04%
ARMK	B	0.04%
WWD	B	0.04%
PFGC	B	0.04%
NTNX	B	0.04%
AIZ	A	0.04%
LKQ	D	0.04%
EPAM	B	0.04%
HII	D	0.04%
ATR	A	0.04%
DKS	F	0.04%
TPR	B	0.04%
AOS	F	0.04%
REXR	F	0.04%
BJ	B	0.04%
CE	F	0.04%
FBIN	F	0.04%
CAH	A	0.04%
CTLT	D	0.04%
UNM	A	0.04%
RRX	C	0.04%
AVY	F	0.04%
RPRX	F	0.04%
ALB	B	0.04%
CACI	C	0.04%
NRG	B	0.04%
CCK	D	0.04%
FTI	B	0.04%
SCI	B	0.04%
FDS	A	0.04%
KMX	C	0.04%
LW	C	0.03%
MAT	C	0.03%
OSK	B	0.03%
WBA	D	0.03%
FAST	A	0.03%
PARA	C	0.03%
IVZ	C	0.03%
BIO	C	0.03%
PB	B	0.03%
OKTA	C	0.03%
LFUS	D	0.03%
MSA	D	0.03%
XP	F	0.03%
CGNX	C	0.03%
FAF	C	0.03%
CFR	B	0.03%
CRUS	F	0.03%
RHI	B	0.03%
LSTR	B	0.03%
WMS	F	0.03%
LBRDK	C	0.03%
FLS	B	0.03%
SOFI	B	0.03%
JAZZ	B	0.03%
AAL	B	0.03%
SEIC	A	0.03%
MKSI	C	0.03%
BFAM	F	0.03%
GNTX	C	0.03%
PR	C	0.03%
VNO	C	0.03%
G	B	0.03%
ARW	F	0.03%
VFC	C	0.03%
DINO	D	0.03%
FICO	B	0.03%
CROX	F	0.03%
STAG	D	0.03%
KEX	B	0.03%
HRB	D	0.03%
CBSH	A	0.03%
RGEN	C	0.03%
SAIC	C	0.03%
BBWI	C	0.03%
ELAN	D	0.03%
RRC	B	0.03%
FR	C	0.03%
MNST	B	0.03%
SSD	D	0.03%
WCC	B	0.03%
MOH	F	0.03%
MIDD	C	0.03%
HLI	B	0.03%
CRBG	C	0.03%
PNFP	B	0.03%
ADC	A	0.03%
EXAS	F	0.03%
APG	B	0.03%
ONTO	F	0.03%
JEF	A	0.03%
DTM	B	0.03%
Z	B	0.03%
LECO	C	0.03%
WEX	D	0.03%
AGNC	C	0.03%
MTZ	B	0.03%
ACI	C	0.03%
BERY	C	0.03%
CR	B	0.03%
RL	B	0.03%
SWN	C	0.03%
X	C	0.03%
ALGN	F	0.03%
BWXT	A	0.03%
BRBR	A	0.03%
KBR	B	0.03%
COKE	C	0.03%
SHW	A	0.03%
WBS	A	0.03%
AXTA	A	0.03%
FCN	F	0.03%
GMED	B	0.03%
SKX	F	0.03%
CHE	D	0.03%
ROKU	C	0.03%
COLD	F	0.03%
VOYA	B	0.03%
WSM	F	0.03%
BWA	B	0.03%
CHRD	F	0.03%
ADP	A	0.03%
DAY	C	0.03%
GWRE	A	0.03%
FMC	F	0.03%
OGE	B	0.03%
ATI	D	0.03%
WAT	A	0.03%
FND	F	0.03%
AR	B	0.03%
MHK	D	0.03%
BRX	A	0.03%
ECL	C	0.03%
ALSN	A	0.03%
TKO	D	0.03%
PTC	B	0.03%
ALLY	C	0.03%
KNX	B	0.03%
AYI	B	0.03%
FHN	A	0.03%
RBC	B	0.03%
WST	B	0.03%
MOS	D	0.03%
GME	C	0.03%
LAD	B	0.03%
TW	C	0.03%
LAMR	D	0.03%
ORI	A	0.03%
GPK	D	0.03%
BKNG	A	0.03%
NNN	F	0.03%
JLL	C	0.03%
TWLO	A	0.03%
AWI	B	0.02%
MSM	B	0.02%
ALNY	D	0.02%
GFS	C	0.02%
HUN	F	0.02%
RH	C	0.02%
IAC	F	0.02%
BILL	A	0.02%
AMP	A	0.02%
DBX	B	0.02%
LITE	A	0.02%
SITE	D	0.02%
SLGN	A	0.02%
EEFT	C	0.02%
FLO	F	0.02%
FRPT	B	0.02%
UHAL	C	0.02%
BYD	A	0.02%
AN	C	0.02%
CUZ	C	0.02%
DLB	C	0.02%
KRC	C	0.02%
AZO	C	0.02%
RYN	F	0.02%
PSN	B	0.02%
GNRC	B	0.02%
SAIA	B	0.02%
CPRI	F	0.02%
OLED	F	0.02%
DOCS	B	0.02%
ROIV	C	0.02%
WSC	F	0.02%
HXL	D	0.02%
OGN	F	0.02%
JHG	B	0.02%
SEE	C	0.02%
WLK	F	0.02%
FOX	A	0.02%
ORLY	A	0.02%
W	F	0.02%
KD	A	0.02%
IDA	A	0.02%
VNT	B	0.02%
UGI	D	0.02%
ST	F	0.02%
XRAY	F	0.02%
LNC	B	0.02%
SON	D	0.02%
WH	A	0.02%
ZG	B	0.02%
S	B	0.02%
TKR	F	0.02%
AMG	B	0.02%
OLN	D	0.02%
NFG	C	0.02%
SRCL	B	0.02%
COIN	B	0.02%
POST	D	0.02%
WHR	B	0.02%
BC	C	0.02%
H	B	0.02%
BEN	C	0.02%
SIRI	D	0.02%
ACHC	F	0.02%
VMI	B	0.02%
SN	C	0.02%
DAR	B	0.02%
OLLI	C	0.02%
GWW	B	0.02%
ESAB	B	0.02%
RLI	A	0.02%
AGCO	F	0.02%
ESI	B	0.02%
GXO	B	0.02%
MTSI	B	0.02%
STWD	D	0.02%
DASH	A	0.02%
NOV	C	0.02%
CERT	F	0.01%
LYFT	B	0.01%
TRIP	D	0.01%
WEN	C	0.01%
FTRE	D	0.01%
INFA	D	0.01%
REYN	D	0.01%
GO	C	0.01%
PPC	B	0.01%
LEG	F	0.01%
TER	F	0.01%
LEN	D	0.01%
PSTG	D	0.01%
IPGP	C	0.01%
BIRK	F	0.01%
SAM	B	0.01%
VSTS	D	0.01%
AZEK	B	0.01%
QS	F	0.01%
BROS	B	0.01%
GLOB	B	0.01%
ADTN	B	0.01%
HAYW	C	0.01%
BR	A	0.01%
EXP	B	0.01%
RCM	B	0.01%
ETSY	C	0.01%
BOKF	B	0.01%
MP	C	0.01%
ENOV	C	0.01%
YETI	C	0.01%
CNXC	F	0.01%
VIRT	B	0.01%
AZTA	F	0.01%
SPB	B	0.01%
ULTA	C	0.01%
SHC	D	0.01%
AGR	C	0.01%
VAC	B	0.01%
RKT	F	0.01%
CWEN	D	0.01%
BRKR	F	0.01%
MASI	B	0.01%
CXT	D	0.01%
ALGM	F	0.01%
LOPE	B	0.01%
CNM	D	0.01%
PENN	B	0.01%
PK	B	0.01%
FHB	B	0.01%
TNL	A	0.01%
PAG	B	0.01%
AMED	F	0.01%
CPRT	A	0.01%
LCID	F	0.01%
PAYC	B	0.01%
NXST	C	0.01%
ZI	D	0.01%
NWL	B	0.01%
NSA	D	0.01%
PLNT	A	0.01%
NWS	B	0.01%
MAN	F	0.01%
SPR	F	0.01%
WU	F	0.01%
HIW	D	0.01%
NVST	C	0.01%
MPW	F	0.01%
COTY	F	0.01%
DNB	B	0.01%
PRGO	C	0.01%
MSGS	C	0.01%
GTES	B	0.01%
CTAS	A	0.01%
TPG	B	0.01%
EPR	D	0.01%
SMG	D	0.01%
KMPR	A	0.01%
TYL	B	0.01%
U	F	0.01%
UHAL	C	0.0%
UWMC	F	0.0%
NFE	F	0.0%
DJT	D	0.0%
IONS	F	0.0%
CHH	B	0.0%
UI	B	0.0%
PLTK	B	0.0%
CACC	D	0.0%
LBRDA	C	0.0%
TFSL	A	0.0%
PATH	C	0.0%
TXG	F	0.0%
CWEN	D	0.0%
CAR	C	0.0%
PYCR	B	0.0%
LSCC	D	0.0%
NCNO	B	0.0%
HCP	A	0.0%
AMC	C	0.0%
DV	C	0.0%
MTN	D	0.0%
CNA	C	0.0%
HAS	D	0.0%
WOLF	F	0.0%
EXEL	B	0.0%

VONV Underweight 655 Positions Relative to AVUV

Symbol	Grade	Weight
MATX	A	-1.0%
MLI	B	-0.92%
HRI	B	-0.9%
GATX	A	-0.9%
JXN	B	-0.89%
BCC	B	-0.86%
SM	C	-0.85%
CBT	C	-0.8%
SKYW	B	-0.8%
CNX	B	-0.77%
MHO	D	-0.76%
MGY	B	-0.75%
IDCC	B	-0.73%
KBH	D	-0.71%
CRC	B	-0.71%
SFM	B	-0.7%
HCC	C	-0.68%
CALM	B	-0.65%
RDN	C	-0.65%
AEO	F	-0.63%
NOG	B	-0.63%
AROC	B	-0.59%
BTU	B	-0.58%
SIG	B	-0.58%
CNO	B	-0.57%
UMBF	B	-0.56%
TEX	D	-0.55%
STNG	F	-0.54%
LBRT	F	-0.53%
TDS	B	-0.53%
HP	C	-0.52%
AX	B	-0.51%
POWL	B	-0.5%
HWC	B	-0.49%
ARCH	B	-0.49%
CEIX	B	-0.49%
GT	C	-0.48%
SLVM	C	-0.48%
URBN	C	-0.46%
VSTO	A	-0.45%
IBOC	B	-0.45%
ANF	D	-0.45%
AMR	C	-0.45%
SATS	C	-0.44%
FBP	B	-0.42%
PTEN	C	-0.42%
NMIH	C	-0.41%
WERN	B	-0.41%
BFH	B	-0.4%
CATY	B	-0.4%
SANM	B	-0.4%
INSW	F	-0.4%
LCII	C	-0.39%
ONB	B	-0.39%
ALKS	B	-0.39%
VLY	B	-0.38%
HUBG	A	-0.38%
VSH	F	-0.38%
OII	B	-0.38%
TPH	D	-0.38%
PLUS	F	-0.37%
PSMT	C	-0.37%
ATKR	D	-0.37%
PHIN	B	-0.36%
MARA	C	-0.35%
TRN	B	-0.35%
KMT	B	-0.35%
ARCB	C	-0.34%
AGX	B	-0.34%
WD	D	-0.34%
CAKE	B	-0.33%
BKU	B	-0.33%
SNEX	B	-0.33%
WAFD	B	-0.32%
ESGR	C	-0.32%
TBBK	B	-0.32%
GBX	A	-0.32%
ANDE	D	-0.31%
PLXS	C	-0.31%
FULT	B	-0.31%
KOS	F	-0.3%
BOH	B	-0.3%
ATSG	A	-0.3%
TCBI	B	-0.29%
PBF	F	-0.29%
APOG	B	-0.29%
BHE	C	-0.28%
ENS	D	-0.28%
JBLU	C	-0.28%
HEES	B	-0.28%
BANR	B	-0.27%
PLAB	C	-0.27%
TILE	B	-0.26%
WSFS	B	-0.26%
OFG	B	-0.26%
GNW	B	-0.26%
ASO	F	-0.26%
STRL	B	-0.26%
CRGY	B	-0.26%
LZB	C	-0.26%
ASB	B	-0.25%
GVA	B	-0.25%
TALO	C	-0.25%
EFSC	B	-0.24%
MUR	F	-0.24%
CASH	B	-0.24%
GIII	D	-0.24%
HLX	D	-0.24%
PFSI	D	-0.23%
NTB	B	-0.23%
ESNT	D	-0.23%
ABCB	B	-0.23%
VC	D	-0.23%
AGM	B	-0.22%
OPEN	F	-0.22%
SUPN	B	-0.22%
LPG	F	-0.22%
TTMI	B	-0.22%
BKE	A	-0.22%
CENTA	C	-0.22%
SFL	F	-0.22%
DHT	D	-0.22%
ALGT	B	-0.21%
JELD	F	-0.21%
CMC	B	-0.21%
SPNT	C	-0.2%
BXC	B	-0.2%
HWKN	C	-0.2%
CRK	B	-0.2%
UNFI	C	-0.2%
CUBI	B	-0.2%
PRDO	B	-0.2%
SCS	C	-0.2%
ODP	F	-0.19%
CAL	D	-0.19%
WGO	B	-0.19%
KRP	C	-0.19%
FCF	B	-0.19%
DAN	D	-0.19%
OXM	D	-0.19%
MTH	D	-0.18%
IMKTA	B	-0.18%
GLNG	C	-0.18%
MCRI	A	-0.18%
SXC	B	-0.18%
SCSC	B	-0.18%
WTTR	B	-0.18%
TPC	C	-0.18%
KALU	B	-0.18%
DIOD	F	-0.18%
USM	C	-0.17%
PRG	B	-0.17%
HOPE	B	-0.17%
TRMK	B	-0.17%
QCRH	B	-0.17%
WABC	B	-0.17%
WMK	B	-0.17%
WKC	D	-0.17%
DOLE	C	-0.17%
SCL	C	-0.17%
PAYO	B	-0.17%
SASR	A	-0.17%
HRMY	D	-0.17%
STBA	B	-0.16%
CBRL	C	-0.16%
FL	F	-0.16%
FDP	B	-0.16%
MRTN	B	-0.16%
PDCO	F	-0.16%
OEC	D	-0.15%
EIG	A	-0.15%
PLYA	B	-0.15%
NAVI	D	-0.15%
WOR	F	-0.15%
NX	C	-0.15%
PTGX	C	-0.15%
INDB	B	-0.15%
BUSE	B	-0.15%
STNE	F	-0.14%
TOWN	B	-0.14%
MBUU	C	-0.14%
MRC	B	-0.14%
WNC	C	-0.14%
AMPH	C	-0.14%
AMRC	F	-0.14%
PARR	F	-0.14%
BELFB	C	-0.14%
INVA	B	-0.13%
AXL	C	-0.13%
RIG	D	-0.13%
PUMP	D	-0.13%
KLG	D	-0.13%
BJRI	B	-0.13%
HTLF	B	-0.13%
DCOM	B	-0.13%
PFS	B	-0.13%
LC	B	-0.13%
NBHC	B	-0.12%
MATV	F	-0.12%
NBR	C	-0.12%
RYI	B	-0.12%
CNXN	C	-0.12%
OCFC	B	-0.12%
ASC	F	-0.12%
ASIX	B	-0.12%
EGY	F	-0.12%
SPTN	F	-0.12%
PEBO	B	-0.12%
GNK	D	-0.12%
BGS	F	-0.11%
MTUS	C	-0.11%
TROX	F	-0.11%
CNOB	B	-0.11%
PFC	B	-0.11%
SCVL	D	-0.11%
NWBI	B	-0.11%
PPBI	B	-0.11%
TMHC	C	-0.11%
TCBK	B	-0.11%
BRKL	B	-0.11%
PLMR	C	-0.11%
CARS	B	-0.11%
ETD	D	-0.11%
ACT	C	-0.11%
CABO	B	-0.11%
VBTX	B	-0.11%
NR	C	-0.1%
RES	F	-0.1%
BHLB	B	-0.1%
NAT	F	-0.1%
EBS	C	-0.1%
SNCY	B	-0.1%
CPF	B	-0.1%
VTOL	B	-0.1%
AMAL	B	-0.1%
UVSP	B	-0.1%
PATK	D	-0.1%
GES	F	-0.1%
CTBI	B	-0.1%
KELYA	F	-0.1%
DAKT	B	-0.1%
DNOW	B	-0.1%
OBK	B	-0.1%
REX	C	-0.1%
FOR	F	-0.1%
FRME	B	-0.1%
PAGS	F	-0.1%
ENLC	B	-0.09%
SWBI	D	-0.09%
KLIC	C	-0.09%
NNI	C	-0.09%
NBTB	B	-0.09%
EGBN	B	-0.09%
BBW	C	-0.09%
HOV	F	-0.09%
IIIN	D	-0.09%
HAFC	B	-0.09%
HY	F	-0.09%
CLW	F	-0.09%
MBWM	B	-0.09%
OSBC	A	-0.09%
FMBH	B	-0.09%
SGHC	B	-0.09%
BY	B	-0.09%
MBIN	D	-0.09%
HCI	C	-0.09%
RYAM	B	-0.09%
IBCP	B	-0.09%
FBMS	B	-0.08%
IBTX	B	-0.08%
PAHC	B	-0.08%
CMRE	C	-0.08%
LXU	B	-0.08%
OSCR	F	-0.08%
SFBS	B	-0.08%
NBN	B	-0.08%
CFB	B	-0.08%
UTI	A	-0.08%
GLDD	C	-0.08%
SYBT	B	-0.08%
MCS	B	-0.08%
SCHL	D	-0.08%
SMP	B	-0.08%
NTGR	B	-0.08%
PFBC	B	-0.07%
CHX	D	-0.07%
BKD	F	-0.07%
MSBI	B	-0.07%
GRNT	B	-0.07%
VRTS	B	-0.07%
HTLD	C	-0.07%
GSBC	B	-0.07%
WASH	B	-0.07%
CCRN	F	-0.07%
NGVC	B	-0.07%
ZEUS	C	-0.07%
RBCAA	B	-0.07%
ALIT	B	-0.07%
LOVE	B	-0.07%
RDUS	C	-0.07%
MCB	B	-0.07%
UFPI	B	-0.07%
TGLS	B	-0.07%
BFST	B	-0.07%
MCY	B	-0.07%
TRST	B	-0.07%
SBLK	D	-0.06%
BVS	C	-0.06%
OSUR	F	-0.06%
IESC	B	-0.06%
TNC	F	-0.06%
ODC	C	-0.06%
THFF	B	-0.06%
ULH	B	-0.06%
CCB	A	-0.06%
USAP	C	-0.06%
ANET	C	-0.06%
ESQ	B	-0.06%
HTBI	B	-0.06%
CVGW	C	-0.06%
AMBC	C	-0.06%
OPY	C	-0.06%
SD	D	-0.06%
PGC	A	-0.06%
VTLE	C	-0.06%
EBF	D	-0.06%
BRY	F	-0.06%
VSAT	F	-0.06%
LMB	B	-0.06%
SKWD	A	-0.06%
CVI	F	-0.06%
HTH	B	-0.06%
CCNE	B	-0.06%
HTBK	A	-0.06%
SMBC	B	-0.06%
UVE	B	-0.06%
MCFT	B	-0.05%
AMTB	B	-0.05%
NFBK	B	-0.05%
MOV	C	-0.05%
SBSI	B	-0.05%
KE	C	-0.05%
LXFR	B	-0.05%
FISI	B	-0.05%
USNA	C	-0.05%
FFIC	B	-0.05%
GPOR	B	-0.05%
FG	B	-0.05%
REPX	B	-0.05%
ORRF	B	-0.05%
SB	D	-0.05%
SIGA	D	-0.05%
SMBK	B	-0.05%
METC	C	-0.05%
NWPX	B	-0.05%
HBNC	B	-0.05%
CAC	B	-0.05%
GDOT	C	-0.05%
BHB	B	-0.05%
GDEN	B	-0.05%
HVT	F	-0.05%
AROW	B	-0.05%
HPK	D	-0.05%
ACCO	B	-0.05%
JBSS	F	-0.05%
THRM	F	-0.05%
CVEO	D	-0.05%
GRBK	D	-0.04%
CCBG	B	-0.04%
CVBF	B	-0.04%
CARE	B	-0.04%
AMPY	D	-0.04%
HTZ	C	-0.04%
GCO	B	-0.04%
GPRE	F	-0.04%
VPG	F	-0.04%
FSBC	B	-0.04%
CENT	C	-0.04%
HNRG	B	-0.04%
CHCO	B	-0.04%
CRCT	F	-0.04%
RGR	F	-0.04%
ATNI	F	-0.04%
JAKK	C	-0.04%
AMCX	C	-0.04%
VLGEA	B	-0.04%
FNKO	D	-0.04%
DBI	F	-0.04%
TWI	F	-0.04%
RBB	B	-0.04%
NRIM	A	-0.04%
AOSL	F	-0.04%
MCBS	B	-0.04%
MPB	B	-0.04%
APEI	B	-0.04%
ZIMV	F	-0.04%
SPFI	B	-0.04%
ARHS	F	-0.04%
CENX	B	-0.03%
RCKY	F	-0.03%
DXLG	C	-0.03%
TMP	B	-0.03%
BWB	B	-0.03%
LOB	C	-0.03%
LYTS	B	-0.03%
TBI	F	-0.03%
XPRO	F	-0.03%
FBK	B	-0.03%
SWIM	D	-0.03%
BANC	B	-0.03%
NUS	D	-0.03%
UCB	B	-0.03%
FLXS	C	-0.03%
TH	B	-0.03%
SHEN	F	-0.03%
MED	C	-0.03%
SRCE	B	-0.03%
PKOH	B	-0.03%
DHIL	B	-0.03%
KRT	A	-0.03%
EBC	B	-0.03%
SHBI	B	-0.03%
IPI	B	-0.03%
MOFG	B	-0.03%
RNGR	A	-0.03%
HFWA	B	-0.03%
SGC	C	-0.03%
FLIC	B	-0.03%
WRLD	C	-0.03%
HDSN	F	-0.03%
LKFN	B	-0.03%
HRTG	D	-0.03%
HSII	B	-0.03%
FIGS	F	-0.03%
MYE	F	-0.03%
EZPW	B	-0.03%
PANL	F	-0.03%
LE	B	-0.03%
USLM	B	-0.03%
SFNC	B	-0.03%
FLWS	C	-0.03%
VIRC	B	-0.03%
GLRE	B	-0.03%
PUBM	C	-0.02%
LRN	B	-0.02%
PBYI	D	-0.02%
UNTY	B	-0.02%
EPM	B	-0.02%
BFC	B	-0.02%
FBNC	B	-0.02%
VRA	C	-0.02%
HBT	B	-0.02%
IMMR	F	-0.02%
OIS	B	-0.02%
CVGI	F	-0.02%
LEGH	D	-0.02%
FRBA	C	-0.02%
RMAX	C	-0.02%
FFBC	B	-0.02%
HIFS	B	-0.02%
BMRC	B	-0.02%
WTBA	B	-0.02%
ALRS	C	-0.02%
CIVB	B	-0.02%
FFWM	B	-0.02%
ACDC	C	-0.02%
KODK	D	-0.02%
CASS	B	-0.02%
TG	C	-0.02%
TCBX	B	-0.02%
INBK	B	-0.02%
MEC	D	-0.02%
MNTK	D	-0.02%
ANIP	C	-0.02%
SFST	B	-0.02%
CMT	D	-0.02%
EQBK	B	-0.02%
PLPC	B	-0.02%
PRA	B	-0.02%
FIBK	B	-0.02%
BSRR	B	-0.02%
SAFT	B	-0.02%
MERC	F	-0.02%
HOFT	B	-0.02%
HONE	B	-0.02%
FMNB	B	-0.02%
TTI	B	-0.02%
FSBW	B	-0.02%
WLFC	B	-0.02%
FBIZ	B	-0.02%
ORN	C	-0.02%
MEI	F	-0.02%
HBB	F	-0.02%
CNDT	B	-0.02%
GHC	B	-0.02%
RM	D	-0.02%
ACNB	B	-0.02%
NATR	B	-0.02%
REI	F	-0.02%
ACIC	B	-0.02%
MPX	C	-0.01%
KNF	C	-0.01%
BSVN	B	-0.01%
UBFO	A	-0.01%
EVC	C	-0.01%
XBIT	C	-0.01%
PWOD	B	-0.01%
COFS	B	-0.01%
KLXE	D	-0.01%
SONO	C	-0.01%
VNDA	B	-0.01%
OLPX	F	-0.01%
STKS	F	-0.01%
BSET	C	-0.01%
FCBC	B	-0.01%
TSBK	B	-0.01%
FRST	B	-0.01%
CBNK	B	-0.01%
KEQU	C	-0.01%
MPAA	C	-0.01%
ISTR	B	-0.01%
BWFG	A	-0.01%
OPBK	A	-0.01%
ATLC	A	-0.01%
KRO	D	-0.01%
GABC	A	-0.01%
UFCS	A	-0.01%
NC	C	-0.01%
LFVN	B	-0.01%
CBAN	B	-0.01%
LWAY	D	-0.01%
IBEX	B	-0.01%
LSEA	F	-0.01%
LCUT	F	-0.01%
HMN	B	-0.01%
BCML	B	-0.01%
FUNC	A	-0.01%
VEL	A	-0.01%
PKBK	B	-0.01%
GNTY	B	-0.01%
HMST	D	-0.01%
METCB	C	-0.01%
ALTG	C	-0.01%
ITIC	A	-0.01%
LTH	D	-0.01%
ACTG	F	-0.01%
NGS	B	-0.01%
JRVR	F	-0.01%
GEOS	B	-0.01%
EBTC	B	-0.01%
EVBN	B	-0.01%
AVO	B	-0.01%
AMSF	A	-0.01%
ACU	C	-0.01%
KFRC	C	-0.01%
LNN	C	-0.01%
MTW	C	-0.01%
GHM	B	-0.01%
FLL	D	-0.01%
MVBF	B	-0.01%
UEIC	B	-0.01%
PCB	B	-0.01%
TTSH	B	-0.01%
MFIN	B	-0.01%
SRI	F	-0.01%
BELFA	C	-0.01%
RLGT	C	-0.01%
MWA	B	-0.01%
LNTH	F	-0.01%
MYRG	B	-0.01%
OBT	B	-0.01%
NNBR	D	-0.01%
WSBF	C	-0.01%
KRNY	B	-0.01%
CLAR	C	-0.01%
BCBP	B	-0.01%
ESOA	A	-0.01%
TAYD	F	-0.01%
FSTR	B	-0.01%
FF	F	-0.01%
RICK	B	-0.01%
IMXI	B	-0.01%
HBCP	B	-0.01%
CPHC	C	-0.0%
MRBK	B	-0.0%
AVNW	F	-0.0%
NKSH	B	-0.0%
SRTS	B	-0.0%
KVHI	C	-0.0%
MNSB	D	-0.0%
WNEB	A	-0.0%
PLBC	A	-0.0%
ECPG	B	-0.0%
FGBI	B	-0.0%
ESCA	B	-0.0%
MYFW	B	-0.0%
UTMD	C	-0.0%
LAKE	F	-0.0%
ATLO	D	-0.0%
VABK	B	-0.0%
KOP	C	-0.0%
FDBC	B	-0.0%
CNTY	B	-0.0%
PDEX	B	-0.0%
PVBC	B	-0.0%
BCAL	B	-0.0%
WOW	B	-0.0%
AOUT	C	-0.0%
PCRX	D	-0.0%
PHX	D	-0.0%
OB	A	-0.0%
MYPS	C	-0.0%
WEYS	B	-0.0%
LPRO	B	-0.0%
ZUMZ	C	-0.0%
DLTH	F	-0.0%
NWFL	B	-0.0%
CSPI	D	-0.0%
SPWH	F	-0.0%
CZFS	B	-0.0%
UFI	F	-0.0%
NIC	B	-0.0%
TBNK	B	-0.0%
RRBI	B	-0.0%
FVCB	B	-0.0%
QUAD	B	-0.0%
CHMG	A	-0.0%
CRD.B	C	-0.0%
KINS	B	-0.0%
FONR	D	-0.0%
CCRD	A	-0.0%
PFIS	B	-0.0%
MTRX	B	-0.0%
PYXS	C	-0.0%
PNRG	B	-0.0%
PEBK	B	-0.0%
VHI	C	-0.0%
ASTE	B	-0.0%
CFFI	B	-0.0%
EPSN	C	-0.0%
EML	F	-0.0%
OVLY	B	-0.0%
FNLC	B	-0.0%
CBFV	C	-0.0%
RVSB	B	-0.0%
TWIN	D	-0.0%
CATO	C	-0.0%
HWBK	B	-0.0%
FET	D	-0.0%
BOOM	F	-0.0%
BANF	B	-0.0%
CPSS	C	-0.0%
BFIN	A	-0.0%
FRAF	A	-0.0%
GIC	D	-0.0%