VONV vs. CDEI ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

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 1000® 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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.40

Average Daily Volume

644

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	VONV	CDEI
30 Days	3.51%	1.83%
60 Days	4.96%	4.03%
90 Days	7.00%	4.65%
12 Months	29.73%	24.85%

295 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in CDEI	Overlap
	A	D	0.15%	0.11%	0.11%
	ABBV	D	0.82%	0.91%	0.82%
	ABT	B	0.78%	0.6%	0.6%
	ACGL	D	0.14%	0.11%	0.11%
	ACM	A	0.06%	0.04%	0.04%
	ACN	C	0.87%	0.69%	0.69%
	ADI	D	0.44%	0.32%	0.32%
	ADP	B	0.03%	0.37%	0.03%
	AES	F	0.05%	0.03%	0.03%
	AFG	A	0.04%	0.03%	0.03%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.2%	0.15%	0.15%
	AKAM	D	0.06%	0.04%	0.04%
	ALGN	D	0.03%	0.05%	0.03%
	ALK	C	0.02%	0.02%	0.02%
	ALL	A	0.17%	0.16%	0.16%
	ALLE	D	0.05%	0.04%	0.04%
	ALNY	D	0.02%	0.1%	0.02%
	AMCR	D	0.06%	0.04%	0.04%
	AMD	F	0.32%	0.68%	0.32%
	AMGN	D	0.15%	0.48%	0.15%
	AMP	A	0.02%	0.17%	0.02%
	ANSS	B	0.11%	0.09%	0.09%
	AON	A	0.29%	0.24%	0.24%
	APH	A	0.13%	0.26%	0.13%
	APTV	D	0.06%	0.04%	0.04%
	ASH	D	0.02%	0.01%	0.01%
	ATI	D	0.03%	0.02%	0.02%
	AVTR	F	0.06%	0.04%	0.04%
	AWI	A	0.02%	0.02%	0.02%
	AWK	D	0.11%	0.08%	0.08%
	AXP	A	0.38%	0.5%	0.38%
	AZEK	A	0.01%	0.02%	0.01%
	BAC	A	1.14%	0.94%	0.94%
	BAX	D	0.07%	0.05%	0.05%
	BBWI	D	0.03%	0.02%	0.02%
	BBY	D	0.08%	0.06%	0.06%
	BC	C	0.02%	0.02%	0.02%
	BDX	F	0.27%	0.2%	0.2%
	BIIB	F	0.1%	0.07%	0.07%
	BILL	A	0.02%	0.03%	0.02%
	BIO	D	0.03%	0.02%	0.02%
	BK	A	0.22%	0.17%	0.17%
	BKNG	A	0.04%	0.51%	0.04%
	BKR	B	0.15%	0.13%	0.13%
	BLD	D	0.04%	0.03%	0.03%
	BMY	B	0.45%	0.36%	0.36%
	BR	A	0.01%	0.08%	0.01%
	BRX	A	0.03%	0.03%	0.03%
	BSX	B	0.49%	0.39%	0.39%
	BWA	D	0.03%	0.02%	0.02%
	C	A	0.49%	0.39%	0.39%
	CAG	D	0.06%	0.04%	0.04%
	CARR	D	0.2%	0.19%	0.19%
	CASY	A	0.05%	0.04%	0.04%
	CBOE	B	0.09%	0.06%	0.06%
	CCI	D	0.19%	0.14%	0.14%
	CCK	C	0.04%	0.03%	0.03%
	CFG	B	0.08%	0.06%	0.06%
	CFR	B	0.03%	0.03%	0.03%
	CHH	A	0.0%	0.01%	0.0%
	CI	F	0.32%	0.27%	0.27%
	CIEN	B	0.04%	0.03%	0.03%
	CL	D	0.14%	0.23%	0.14%
	CLH	B	0.05%	0.04%	0.04%
	CMA	A	0.03%	0.03%	0.03%
	CMCSA	B	0.67%	0.51%	0.51%
	CME	A	0.32%	0.24%	0.24%
	CMI	A	0.18%	0.15%	0.15%
	CMS	C	0.08%	0.06%	0.06%
	CNC	D	0.13%	0.09%	0.09%
	COF	B	0.25%	0.21%	0.21%
	COLM	B	0.01%	0.01%	0.01%
	CPRT	A	0.01%	0.15%	0.01%
	CRM	B	0.17%	0.94%	0.17%
	CROX	D	0.02%	0.02%	0.02%
	CRUS	D	0.02%	0.02%	0.02%
	CSCO	B	0.89%	0.7%	0.7%
	CSGP	D	0.12%	0.09%	0.09%
	CUBE	D	0.04%	0.03%	0.03%
	CVS	D	0.29%	0.21%	0.21%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	DAL	C	0.15%	0.13%	0.13%
	DAY	B	0.04%	0.04%	0.04%
	DBX	B	0.02%	0.02%	0.02%
	DE	A	0.41%	0.3%	0.3%
	DELL	C	0.11%	0.12%	0.11%
	DFS	B	0.15%	0.13%	0.13%
	DG	F	0.07%	0.05%	0.05%
	DHR	F	0.63%	0.48%	0.48%
	DIS	B	0.71%	0.6%	0.6%
	DKS	C	0.04%	0.03%	0.03%
	DLR	B	0.23%	0.18%	0.18%
	DLTR	F	0.05%	0.04%	0.04%
	DOC	D	0.06%	0.04%	0.04%
	DTE	C	0.1%	0.07%	0.07%
	EA	A	0.16%	0.12%	0.12%
	EBAY	D	0.12%	0.09%	0.09%
	ECL	D	0.03%	0.19%	0.03%
	EFX	F	0.1%	0.1%	0.1%
	EL	F	0.04%	0.05%	0.04%
	ELAN	D	0.02%	0.02%	0.02%
	ELS	C	0.05%	0.04%	0.04%
	ELV	F	0.32%	0.29%	0.29%
	EME	C	0.05%	0.07%	0.05%
	EMR	A	0.25%	0.22%	0.22%
	EPAM	C	0.04%	0.04%	0.04%
	EQIX	A	0.33%	0.26%	0.26%
	ES	D	0.09%	0.07%	0.07%
	ETN	A	0.53%	0.44%	0.44%
	ETSY	D	0.01%	0.02%	0.01%
	EW	C	0.13%	0.12%	0.12%
	EWBC	A	0.05%	0.04%	0.04%
	EXC	C	0.16%	0.12%	0.12%
	EXPD	D	0.06%	0.05%	0.05%
	FAF	A	0.03%	0.02%	0.02%
	FAST	B	0.03%	0.14%	0.03%
	FBIN	D	0.04%	0.03%	0.03%
	FCN	D	0.03%	0.02%	0.02%
	FDX	B	0.25%	0.2%	0.2%
	FI	A	0.31%	0.37%	0.31%
	FICO	B	0.03%	0.17%	0.03%
	FIS	C	0.2%	0.15%	0.15%
	FITB	A	0.12%	0.1%	0.1%
	FLO	D	0.02%	0.01%	0.01%
	FMC	D	0.03%	0.02%	0.02%
	FSLR	F	0.08%	0.06%	0.06%
	FTV	C	0.1%	0.08%	0.08%
	G	B	0.03%	0.02%	0.02%
	GEN	B	0.06%	0.05%	0.05%
	GILD	C	0.44%	0.35%	0.35%
	GIS	D	0.15%	0.11%	0.11%
	GL	B	0.04%	0.03%	0.03%
	GPK	C	0.03%	0.03%	0.03%
	H	B	0.02%	0.02%	0.02%
	HBAN	A	0.09%	0.08%	0.08%
	HD	A	0.32%	1.22%	0.32%
	HIG	B	0.13%	0.1%	0.1%
	HLT	A	0.11%	0.18%	0.11%
	HOLX	D	0.07%	0.05%	0.05%
	HPE	B	0.1%	0.08%	0.08%
	HPQ	B	0.11%	0.11%	0.11%
	HSIC	B	0.04%	0.03%	0.03%
	HST	C	0.05%	0.04%	0.04%
	HSY	F	0.09%	0.08%	0.08%
	IBM	C	0.76%	0.58%	0.58%
	ICE	C	0.35%	0.27%	0.27%
	IDA	A	0.02%	0.02%	0.02%
	IEX	B	0.07%	0.05%	0.05%
	IFF	D	0.1%	0.06%	0.06%
	INTC	D	0.37%	0.32%	0.32%
	IPG	D	0.04%	0.03%	0.03%
	IQV	D	0.13%	0.11%	0.11%
	IR	B	0.15%	0.13%	0.13%
	ITT	A	0.05%	0.04%	0.04%
	JCI	C	0.17%	0.17%	0.17%
	JEF	A	0.03%	0.04%	0.03%
	JHG	A	0.02%	0.02%	0.02%
	JKHY	D	0.05%	0.04%	0.04%
	JLL	D	0.04%	0.04%	0.04%
	JNPR	F	0.05%	0.04%	0.04%
	JPM	A	2.55%	2.08%	2.08%
	K	A	0.08%	0.06%	0.06%
	KDP	D	0.15%	0.11%	0.11%
	KEY	B	0.06%	0.05%	0.05%
	KIM	A	0.06%	0.05%	0.05%
	KMB	D	0.11%	0.13%	0.11%
	KO	D	0.43%	0.74%	0.43%
	KR	B	0.15%	0.13%	0.13%
	LEA	D	0.02%	0.02%	0.02%
	LECO	B	0.03%	0.03%	0.03%
	LNC	B	0.02%	0.02%	0.02%
	LNT	A	0.06%	0.05%	0.05%
	LOW	D	0.6%	0.47%	0.47%
	LYFT	C	0.01%	0.02%	0.01%
	M	D	0.02%	0.01%	0.01%
	MAR	B	0.24%	0.2%	0.2%
	MAS	D	0.07%	0.05%	0.05%
	MAT	D	0.03%	0.02%	0.02%
	MDLZ	F	0.37%	0.26%	0.26%
	MDT	D	0.46%	0.33%	0.33%
	MET	A	0.18%	0.15%	0.15%
	MIDD	C	0.03%	0.02%	0.02%
	MKSI	C	0.03%	0.02%	0.02%
	MKTX	D	0.04%	0.03%	0.03%
	MMC	B	0.37%	0.33%	0.33%
	MOS	F	0.03%	0.03%	0.03%
	MRNA	F	0.07%	0.04%	0.04%
	MSI	B	0.16%	0.25%	0.16%
	MTG	C	0.03%	0.02%	0.02%
	MTN	C	0.0%	0.02%	0.0%
	MU	D	0.44%	0.33%	0.33%
	NDAQ	A	0.12%	0.1%	0.1%
	NEE	D	0.65%	0.47%	0.47%
	NNN	D	0.03%	0.02%	0.02%
	NRG	B	0.04%	0.06%	0.04%
	NTAP	C	0.05%	0.07%	0.05%
	NTNX	A	0.04%	0.05%	0.04%
	NTRS	A	0.08%	0.06%	0.06%
	NVT	B	0.05%	0.04%	0.04%
	O	D	0.21%	0.15%	0.15%
	OC	A	0.06%	0.05%	0.05%
	OGN	D	0.02%	0.01%	0.01%
	OHI	C	0.04%	0.03%	0.03%
	OMC	C	0.08%	0.06%	0.06%
	ON	D	0.12%	0.09%	0.09%
	ORI	A	0.03%	0.03%	0.03%
	OTIS	C	0.16%	0.12%	0.12%
	PARA	C	0.03%	0.02%	0.02%
	PAYC	B	0.02%	0.03%	0.02%
	PEG	A	0.18%	0.13%	0.13%
	PEP	F	0.19%	0.69%	0.19%
	PFE	D	0.64%	0.45%	0.45%
	PFG	D	0.08%	0.06%	0.06%
	PFGC	B	0.04%	0.04%	0.04%
	PH	A	0.32%	0.27%	0.27%
	PRI	A	0.04%	0.03%	0.03%
	PRU	A	0.18%	0.14%	0.14%
	PVH	C	0.02%	0.02%	0.02%
	PWR	A	0.12%	0.14%	0.12%
	PYPL	B	0.32%	0.27%	0.27%
	QCOM	F	0.05%	0.55%	0.05%
	REGN	F	0.32%	0.25%	0.25%
	REXR	F	0.04%	0.03%	0.03%
	RF	A	0.09%	0.07%	0.07%
	RGA	A	0.06%	0.05%	0.05%
	RHI	B	0.03%	0.02%	0.02%
	RJF	A	0.11%	0.09%	0.09%
	RNR	C	0.05%	0.04%	0.04%
	ROK	B	0.11%	0.1%	0.1%
	RPRX	D	0.04%	0.03%	0.03%
	RSG	A	0.16%	0.13%	0.13%
	SAIC	F	0.03%	0.02%	0.02%
	SBUX	A	0.1%	0.33%	0.1%
	SCHW	B	0.38%	0.36%	0.36%
	SCI	B	0.05%	0.04%	0.04%
	SJM	D	0.05%	0.03%	0.03%
	SKX	D	0.03%	0.02%	0.02%
	SLGN	A	0.02%	0.01%	0.01%
	SNV	B	0.03%	0.02%	0.02%
	SNX	C	0.03%	0.03%	0.03%
	SOFI	A	0.04%	0.04%	0.04%
	SON	D	0.02%	0.01%	0.01%
	SPG	B	0.16%	0.17%	0.16%
	SPGI	C	0.6%	0.48%	0.48%
	SRE	A	0.21%	0.17%	0.17%
	STE	F	0.09%	0.07%	0.07%
	SWK	D	0.06%	0.04%	0.04%
	SYF	B	0.09%	0.08%	0.08%
	SYK	C	0.36%	0.42%	0.36%
	SYY	B	0.06%	0.11%	0.06%
	T	A	0.65%	0.48%	0.48%
	TER	D	0.01%	0.05%	0.01%
	TFC	A	0.23%	0.19%	0.19%
	TGT	F	0.28%	0.21%	0.21%
	THO	B	0.02%	0.02%	0.02%
	TJX	A	0.21%	0.41%	0.21%
	TMO	F	0.84%	0.62%	0.62%
	TMUS	B	0.43%	0.35%	0.35%
	TRMB	B	0.06%	0.05%	0.05%
	TRV	B	0.22%	0.18%	0.18%
	TT	A	0.22%	0.28%	0.22%
	TTC	D	0.03%	0.03%	0.03%
	TTEK	F	0.04%	0.03%	0.03%
	TW	A	0.04%	0.04%	0.04%
	TWLO	A	0.04%	0.05%	0.04%
	TYL	B	0.02%	0.08%	0.02%
	UNH	C	1.94%	1.66%	1.66%
	UNM	A	0.05%	0.04%	0.04%
	UNP	C	0.3%	0.43%	0.3%
	USB	A	0.3%	0.24%	0.24%
	USFD	A	0.06%	0.05%	0.05%
	VFC	C	0.03%	0.02%	0.02%
	VRSN	F	0.06%	0.05%	0.05%
	VRTX	F	0.25%	0.38%	0.25%
	VTR	C	0.11%	0.08%	0.08%
	VZ	C	0.71%	0.52%	0.52%
	WAB	B	0.13%	0.1%	0.1%
	WAT	B	0.03%	0.07%	0.03%
	WDC	D	0.09%	0.06%	0.06%
	WELL	A	0.33%	0.25%	0.25%
	WHR	B	0.02%	0.02%	0.02%
	WMT	A	1.42%	1.11%	1.11%
	WSO	A	0.07%	0.05%	0.05%
	WST	C	0.04%	0.07%	0.04%
	WTFC	A	0.03%	0.03%	0.03%
	WY	D	0.09%	0.07%	0.07%
	XEL	A	0.15%	0.12%	0.12%
	XYL	D	0.12%	0.09%	0.09%
	YUM	B	0.09%	0.12%	0.09%
	Z	A	0.03%	0.05%	0.03%
	ZBRA	B	0.06%	0.06%	0.06%
	ZION	B	0.03%	0.03%	0.03%
	ZTS	D	0.06%	0.24%	0.06%

VONV Overweight 547 Positions Relative to CDEI

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	XOM	B	2.1%
	JNJ	D	1.54%
	PG	A	1.21%
	CVX	A	1.03%
	WFC	A	0.91%
	LIN	D	0.88%
	PM	B	0.83%
	MCD	D	0.79%
	TXN	C	0.65%
	RTX	C	0.64%
	CAT	B	0.63%
	GE	D	0.59%
	BLK	C	0.58%
	MS	A	0.51%
	COP	C	0.51%
	GS	A	0.48%
	CB	C	0.46%
	HON	B	0.45%
	PLD	D	0.42%
	SO	D	0.4%
	UPS	C	0.39%
	MO	A	0.37%
	DUK	C	0.36%
	BA	F	0.34%
	GEV	B	0.33%
	LMT	D	0.32%
	GD	F	0.32%
	PNC	B	0.3%
	APD	A	0.28%
	CEG	D	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	MRVL	B	0.25%
	WMB	A	0.25%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	MPC	D	0.21%
	AEP	D	0.21%
	NEM	D	0.21%
	PCAR	B	0.21%
	D	C	0.2%
	DHI	D	0.2%
	PSX	C	0.2%
	HCA	F	0.2%
	LHX	C	0.19%
	KMI	A	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PSA	D	0.18%
	VLO	C	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	MCHP	D	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	LEN	D	0.16%
	URI	B	0.16%
	GLW	B	0.15%
	MCK	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	HWM	A	0.15%
	NUE	C	0.14%
	EXR	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	GEHC	F	0.14%
	ED	D	0.14%
	ROST	C	0.14%
	NKE	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	RCL	A	0.13%
	MTB	A	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	KHC	F	0.12%
	WEC	A	0.12%
	CHTR	C	0.12%
	GRMN	B	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	GPN	B	0.11%
	EQR	B	0.11%
	SW	A	0.11%
	PHM	D	0.11%
	VMC	B	0.11%
	MTD	D	0.11%
	TTWO	A	0.11%
	STT	A	0.11%
	PAYX	C	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	0.1%
	CHD	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	LNG	B	0.09%
	CINF	A	0.09%
	ZBH	C	0.09%
	CCL	B	0.09%
	PGR	A	0.09%
	LYB	F	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	LH	C	0.08%
	INVH	D	0.08%
	IP	B	0.08%
	ARE	D	0.08%
	STLD	B	0.08%
	MKC	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	PKG	A	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	TSN	B	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MAA	B	0.07%
	CTRA	B	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	CNP	B	0.07%
	VTRS	A	0.06%
	UDR	B	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	SWKS	F	0.06%
	NDSN	B	0.06%
	L	A	0.06%
	RVTY	F	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	NI	A	0.06%
	GPC	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	WPC	D	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	EMN	D	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	CDW	F	0.05%
	BXP	D	0.05%
	EG	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	HES	B	0.05%
	EVRG	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	HRL	D	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	MTCH	D	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	FOXA	B	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	DOX	D	0.04%
	AFRM	B	0.04%
	CE	F	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	CAH	B	0.04%
	TPR	B	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	IVZ	B	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	RGEN	D	0.03%
	SIRI	C	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PB	A	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	WBA	F	0.03%
	COKE	C	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	SSD	D	0.03%
	MOH	F	0.03%
	DASH	A	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VNO	B	0.03%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SEIC	B	0.03%
	CBSH	A	0.03%
	SHW	A	0.03%
	AR	B	0.03%
	MNST	C	0.03%
	ACI	C	0.03%
	LW	C	0.03%
	EXAS	D	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	RL	B	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	BERY	B	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	X	C	0.03%
	INGR	B	0.03%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	GTES	A	0.02%
	W	F	0.02%
	CLF	F	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	FRPT	B	0.02%
	EEFT	B	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	XRAY	F	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	B	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	ORLY	B	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	THG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	BEN	C	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	GWW	B	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	LEN	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	B	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	CTAS	B	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 76 Positions Relative to CDEI

	Symbol	Grade	Weight
	AAPL	C	-10.52%
	NVDA	C	-10.49%
	MSFT	F	-9.49%
	GOOGL	C	-5.91%
	AVGO	D	-2.36%
	LLY	F	-2.03%
	V	A	-1.56%
	MA	C	-1.3%
	NFLX	A	-1.08%
	MRK	F	-0.76%
	ADBE	C	-0.71%
	NOW	A	-0.65%
	INTU	C	-0.58%
	PANW	C	-0.38%
	ANET	C	-0.3%
	LRCX	F	-0.29%
	AMT	D	-0.28%
	WM	A	-0.27%
	CRWD	B	-0.24%
	MCO	B	-0.23%
	ADSK	A	-0.2%
	TTD	B	-0.17%
	TEAM	A	-0.12%
	IT	C	-0.12%
	HUBS	A	-0.11%
	VEEV	C	-0.1%
	IDXX	F	-0.1%
	TSCO	D	-0.09%
	DECK	A	-0.08%
	LPLA	A	-0.07%
	PODD	C	-0.06%
	BAH	F	-0.06%
	CLX	B	-0.06%
	STX	D	-0.06%
	EQH	B	-0.05%
	DOCU	A	-0.05%
	BURL	A	-0.05%
	XPO	B	-0.05%
	PINS	D	-0.05%
	TXRH	C	-0.04%
	POOL	C	-0.04%
	DT	C	-0.04%
	MEDP	D	-0.03%
	PEN	B	-0.03%
	AAON	B	-0.03%
	PCTY	B	-0.03%
	MORN	B	-0.03%
	TPX	B	-0.03%
	AIT	A	-0.03%
	RDN	C	-0.02%
	INSP	D	-0.02%
	GATX	A	-0.02%
	ITRI	B	-0.02%
	APPF	B	-0.02%
	BCPC	B	-0.02%
	SUM	B	-0.02%
	BPMC	C	-0.02%
	COOP	B	-0.02%
	MTH	D	-0.02%
	BMI	B	-0.02%
	RHP	B	-0.02%
	HALO	F	-0.02%
	CADE	B	-0.02%
	ONB	B	-0.02%
	EXLS	B	-0.02%
	GTLS	B	-0.02%
	CVLT	B	-0.02%
	TREX	C	-0.02%
	HQY	B	-0.02%
	TNET	D	-0.01%
	FELE	B	-0.01%
	CELH	F	-0.01%
	SWX	B	-0.01%
	POR	C	-0.01%
	MMS	F	-0.01%
	TENB	C	-0.01%

VONV: Top Represented Industries & Keywords

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

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

CDEI: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Business Services Diversified Industrials Utilities - Regulated Electric Medical Devices Credit Services Diagnostics & Research Drug Manufacturers - Major Semiconductors Biotechnology Building Materials Capital Markets Insurance - Life Software - Infrastructure Asset Management Communication Equipment Discount Stores Engineering & Construction Health Care Plans

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Banking Natural Gas Dow Jones Component Electricity Medicine Disability Telecommunications Electronics Investment Bank Chemical Cloud Computing Financial Products Real Estate Investment Trust Work From Home Beverage