VONV vs. DIVB ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares U.S. Dividend and Buyback ETF (DIVB)

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

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$50.54

Average Daily Volume

83,483

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	VONV	DIVB
30 Days	3.51%	2.97%
60 Days	4.96%	5.27%
90 Days	7.00%	7.50%
12 Months	29.73%	35.87%

337 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in DIVB	Overlap
	AAP	C	0.01%	0.02%	0.01%
	ABBV	D	0.82%	1.1%	0.82%
	ABT	B	0.78%	0.52%	0.52%
	ACI	C	0.03%	0.02%	0.02%
	ACN	C	0.87%	3.56%	0.87%
	ADP	B	0.03%	0.38%	0.03%
	AEE	A	0.09%	0.04%	0.04%
	AEP	D	0.21%	0.1%	0.1%
	AES	F	0.05%	0.04%	0.04%
	AFG	A	0.04%	0.03%	0.03%
	AFL	B	0.23%	0.38%	0.23%
	AGNC	D	0.03%	0.0%	0.0%
	AGO	B	0.02%	0.05%	0.02%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.2%	0.57%	0.2%
	AIZ	A	0.04%	0.04%	0.04%
	ALL	A	0.17%	0.19%	0.17%
	ALLY	C	0.03%	0.07%	0.03%
	AM	A	0.01%	0.03%	0.01%
	AMCR	D	0.06%	0.1%	0.06%
	AMGN	D	0.15%	0.43%	0.15%
	AMH	D	0.05%	0.01%	0.01%
	AMP	A	0.02%	0.37%	0.02%
	AOS	F	0.04%	0.05%	0.04%
	APA	D	0.03%	0.08%	0.03%
	APD	A	0.28%	0.18%	0.18%
	ASH	D	0.02%	0.03%	0.02%
	AVB	B	0.13%	0.07%	0.07%
	AVT	C	0.02%	0.17%	0.02%
	AWK	D	0.11%	0.05%	0.05%
	AXS	A	0.02%	0.02%	0.02%
	BAC	A	1.14%	1.46%	1.14%
	BAX	D	0.07%	0.05%	0.05%
	BBY	D	0.08%	0.11%	0.08%
	BC	C	0.02%	0.05%	0.02%
	BEN	C	0.02%	0.05%	0.02%
	BERY	B	0.03%	0.05%	0.03%
	BG	F	0.05%	0.08%	0.05%
	BK	A	0.22%	0.4%	0.22%
	BKR	B	0.15%	0.15%	0.15%
	BLK	C	0.58%	0.63%	0.58%
	BMY	B	0.45%	1.09%	0.45%
	BOKF	B	0.01%	0.02%	0.01%
	BPOP	B	0.02%	0.03%	0.02%
	BRX	A	0.03%	0.03%	0.03%
	BXP	D	0.05%	0.07%	0.05%
	BYD	C	0.02%	0.05%	0.02%
	C	A	0.49%	0.67%	0.49%
	CAG	D	0.06%	0.06%	0.06%
	CAH	B	0.04%	0.2%	0.04%
	CAT	B	0.63%	1.1%	0.63%
	CBSH	A	0.03%	0.03%	0.03%
	CC	C	0.01%	0.03%	0.01%
	CCI	D	0.19%	0.24%	0.19%
	CF	B	0.06%	0.15%	0.06%
	CFG	B	0.08%	0.19%	0.08%
	CFR	B	0.03%	0.04%	0.03%
	CG	A	0.04%	0.07%	0.04%
	CHH	A	0.0%	0.04%	0.0%
	CHRD	D	0.03%	0.07%	0.03%
	CHRW	C	0.05%	0.09%	0.05%
	CI	F	0.32%	0.68%	0.32%
	CINF	A	0.09%	0.08%	0.08%
	CIVI	D	0.01%	0.04%	0.01%
	CL	D	0.14%	0.26%	0.14%
	CMA	A	0.03%	0.05%	0.03%
	CME	A	0.32%	0.34%	0.32%
	CMI	A	0.18%	0.12%	0.12%
	CMS	C	0.08%	0.03%	0.03%
	CNH	C	0.04%	0.1%	0.04%
	CNP	B	0.07%	0.06%	0.06%
	CNXC	F	0.01%	0.04%	0.01%
	COF	B	0.25%	0.2%	0.2%
	COLB	A	0.02%	0.04%	0.02%
	COLD	D	0.03%	0.02%	0.02%
	COP	C	0.51%	0.85%	0.51%
	CPB	D	0.04%	0.03%	0.03%
	CPT	B	0.05%	0.05%	0.05%
	CSCO	B	0.89%	5.42%	0.89%
	CSX	B	0.26%	0.45%	0.26%
	CTRA	B	0.07%	0.12%	0.07%
	CTSH	B	0.15%	0.89%	0.15%
	CUBE	D	0.04%	0.04%	0.04%
	CUZ	B	0.02%	0.02%	0.02%
	CVS	D	0.29%	0.65%	0.29%
	CVX	A	1.03%	2.17%	1.03%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.01%	0.01%
	D	C	0.2%	0.13%	0.13%
	DE	A	0.41%	0.69%	0.41%
	DFS	B	0.15%	0.3%	0.15%
	DG	F	0.07%	0.13%	0.07%
	DGX	A	0.07%	0.08%	0.07%
	DKS	C	0.04%	0.07%	0.04%
	DLB	B	0.02%	0.03%	0.02%
	DNB	B	0.01%	0.01%	0.01%
	DOC	D	0.06%	0.08%	0.06%
	DOW	F	0.14%	0.25%	0.14%
	DRI	B	0.04%	0.11%	0.04%
	DTE	C	0.1%	0.02%	0.02%
	DTM	B	0.04%	0.03%	0.03%
	DUK	C	0.36%	0.31%	0.31%
	DVN	F	0.1%	0.16%	0.1%
	EBAY	D	0.12%	0.23%	0.12%
	ED	D	0.14%	0.15%	0.14%
	EIX	B	0.13%	0.12%	0.12%
	EL	F	0.04%	0.06%	0.04%
	ELS	C	0.05%	0.03%	0.03%
	EMN	D	0.05%	0.07%	0.05%
	EMR	A	0.25%	0.33%	0.25%
	EOG	A	0.28%	0.29%	0.28%
	EPR	D	0.01%	0.02%	0.01%
	EQR	B	0.11%	0.09%	0.09%
	ES	D	0.09%	0.08%	0.08%
	ESS	B	0.07%	0.07%	0.07%
	ETR	B	0.13%	0.05%	0.05%
	EVR	B	0.04%	0.07%	0.04%
	EVRG	A	0.05%	0.06%	0.05%
	EWBC	A	0.05%	0.06%	0.05%
	EXC	C	0.16%	0.15%	0.15%
	EXPD	D	0.06%	0.16%	0.06%
	EXR	D	0.14%	0.11%	0.11%
	F	C	0.16%	0.31%	0.16%
	FAF	A	0.03%	0.04%	0.03%
	FANG	D	0.13%	0.23%	0.13%
	FAST	B	0.03%	0.12%	0.03%
	FDX	B	0.25%	0.3%	0.25%
	FE	C	0.1%	0.08%	0.08%
	FHB	A	0.01%	0.02%	0.01%
	FHN	A	0.04%	0.07%	0.04%
	FIS	C	0.2%	1.88%	0.2%
	FITB	A	0.12%	0.14%	0.12%
	FLO	D	0.02%	0.02%	0.02%
	FMC	D	0.03%	0.03%	0.03%
	FNB	A	0.02%	0.02%	0.02%
	FNF	B	0.06%	0.06%	0.06%
	FR	C	0.03%	0.02%	0.02%
	FRT	B	0.04%	0.02%	0.02%
	G	B	0.03%	0.16%	0.03%
	GAP	C	0.02%	0.02%	0.02%
	GEN	B	0.06%	0.56%	0.06%
	GILD	C	0.44%	0.55%	0.44%
	GIS	D	0.15%	0.27%	0.15%
	GLPI	C	0.05%	0.03%	0.03%
	GLW	B	0.15%	0.53%	0.15%
	GPC	D	0.06%	0.07%	0.06%
	GPN	B	0.11%	0.19%	0.11%
	GS	A	0.48%	1.36%	0.48%
	HAS	D	0.0%	0.04%	0.0%
	HBAN	A	0.09%	0.12%	0.09%
	HD	A	0.32%	1.57%	0.32%
	HIG	B	0.13%	0.21%	0.13%
	HII	D	0.03%	0.02%	0.02%
	HOG	D	0.02%	0.04%	0.02%
	HON	B	0.45%	0.66%	0.45%
	HPE	B	0.1%	0.74%	0.1%
	HPQ	B	0.11%	1.24%	0.11%
	HRB	D	0.03%	0.06%	0.03%
	HRL	D	0.04%	0.03%	0.03%
	HST	C	0.05%	0.07%	0.05%
	HSY	F	0.09%	0.11%	0.09%
	IBM	C	0.76%	3.51%	0.76%
	IDA	A	0.02%	0.02%	0.02%
	IFF	D	0.1%	0.05%	0.05%
	INGR	B	0.03%	0.03%	0.03%
	INVH	D	0.08%	0.06%	0.06%
	IP	B	0.08%	0.12%	0.08%
	IPG	D	0.04%	0.11%	0.04%
	IRDM	D	0.01%	0.04%	0.01%
	IRM	D	0.06%	0.08%	0.06%
	ITW	B	0.19%	0.36%	0.19%
	IVZ	B	0.03%	0.04%	0.03%
	JCI	C	0.17%	0.21%	0.17%
	JEF	A	0.03%	0.04%	0.03%
	JHG	A	0.02%	0.04%	0.02%
	JNJ	D	1.54%	1.37%	1.37%
	JNPR	F	0.05%	0.26%	0.05%
	JPM	A	2.55%	2.66%	2.55%
	JWN	C	0.01%	0.01%	0.01%
	K	A	0.08%	0.06%	0.06%
	KDP	D	0.15%	0.16%	0.15%
	KEY	B	0.06%	0.1%	0.06%
	KHC	F	0.12%	0.16%	0.12%
	KIM	A	0.06%	0.07%	0.06%
	KMB	D	0.11%	0.18%	0.11%
	KMI	A	0.19%	0.25%	0.19%
	KMPR	B	0.02%	0.01%	0.01%
	KO	D	0.43%	0.75%	0.43%
	KR	B	0.15%	0.1%	0.1%
	KRC	C	0.02%	0.03%	0.02%
	LAMR	D	0.03%	0.05%	0.03%
	LEA	D	0.02%	0.04%	0.02%
	LH	C	0.08%	0.13%	0.08%
	LHX	C	0.19%	0.16%	0.16%
	LKQ	D	0.04%	0.07%	0.04%
	LMT	D	0.32%	0.83%	0.32%
	LNT	A	0.06%	0.04%	0.04%
	LOW	D	0.6%	1.06%	0.6%
	LPX	B	0.01%	0.03%	0.01%
	LUV	C	0.07%	0.05%	0.05%
	LYB	F	0.09%	0.14%	0.09%
	M	D	0.02%	0.02%	0.02%
	MAA	B	0.07%	0.07%	0.07%
	MAN	D	0.01%	0.03%	0.01%
	MAS	D	0.07%	0.06%	0.06%
	MCD	D	0.79%	0.82%	0.79%
	MCHP	D	0.16%	0.8%	0.16%
	MDLZ	F	0.37%	0.35%	0.35%
	MDT	D	0.46%	0.55%	0.46%
	MDU	D	0.02%	0.01%	0.01%
	MET	A	0.18%	0.46%	0.18%
	MKC	D	0.08%	0.04%	0.04%
	MMM	D	0.23%	0.31%	0.23%
	MRO	B	0.06%	0.14%	0.06%
	MS	A	0.51%	1.36%	0.51%
	MSM	C	0.01%	0.04%	0.01%
	MTB	A	0.13%	0.24%	0.13%
	MTG	C	0.03%	0.05%	0.03%
	NEE	D	0.65%	0.11%	0.11%
	NEM	D	0.21%	0.13%	0.13%
	NEU	C	0.01%	0.01%	0.01%
	NFG	A	0.02%	0.02%	0.02%
	NI	A	0.06%	0.04%	0.04%
	NKE	D	0.14%	0.65%	0.14%
	NNN	D	0.03%	0.02%	0.02%
	NOC	D	0.28%	0.31%	0.28%
	NRG	B	0.04%	0.13%	0.04%
	NSC	B	0.23%	0.25%	0.23%
	NTAP	C	0.05%	0.73%	0.05%
	NTRS	A	0.08%	0.13%	0.08%
	NUE	C	0.14%	0.28%	0.14%
	NWL	B	0.01%	0.01%	0.01%
	OGE	B	0.03%	0.04%	0.03%
	OGN	D	0.02%	0.02%	0.02%
	OHI	C	0.04%	0.04%	0.04%
	OKE	A	0.23%	0.21%	0.21%
	OMC	C	0.08%	0.16%	0.08%
	OMF	A	0.02%	0.07%	0.02%
	ORI	A	0.03%	0.1%	0.03%
	OVV	B	0.04%	0.09%	0.04%
	OZK	B	0.02%	0.04%	0.02%
	PAG	B	0.01%	0.03%	0.01%
	PAYX	C	0.11%	0.14%	0.11%
	PB	A	0.03%	0.03%	0.03%
	PEG	A	0.18%	0.13%	0.13%
	PEP	F	0.19%	0.78%	0.19%
	PFE	D	0.64%	0.84%	0.64%
	PFG	D	0.08%	0.17%	0.08%
	PG	A	1.21%	1.5%	1.21%
	PII	D	0.01%	0.04%	0.01%
	PKG	A	0.08%	0.09%	0.08%
	PLD	D	0.42%	0.3%	0.3%
	PM	B	0.83%	0.84%	0.83%
	PNC	B	0.3%	0.46%	0.3%
	PNW	B	0.04%	0.04%	0.04%
	PPG	F	0.12%	0.08%	0.08%
	PPL	B	0.1%	0.08%	0.08%
	PR	B	0.03%	0.05%	0.03%
	PRGO	B	0.01%	0.02%	0.01%
	PRU	A	0.18%	0.35%	0.18%
	PSA	D	0.18%	0.18%	0.18%
	PSX	C	0.2%	0.44%	0.2%
	R	B	0.02%	0.06%	0.02%
	REG	B	0.05%	0.06%	0.05%
	REYN	D	0.01%	0.0%	0.0%
	RF	A	0.09%	0.14%	0.09%
	RHI	B	0.03%	0.06%	0.03%
	RL	B	0.03%	0.07%	0.03%
	ROK	B	0.11%	0.11%	0.11%
	RPRX	D	0.04%	0.05%	0.04%
	RTX	C	0.64%	1.04%	0.64%
	RYN	D	0.02%	0.01%	0.01%
	SBUX	A	0.1%	0.37%	0.1%
	SCI	B	0.05%	0.07%	0.05%
	SEE	C	0.02%	0.01%	0.01%
	SF	B	0.04%	0.07%	0.04%
	SIRI	C	0.03%	0.02%	0.02%
	SJM	D	0.05%	0.08%	0.05%
	SLB	C	0.23%	0.19%	0.19%
	SMG	D	0.01%	0.01%	0.01%
	SNA	A	0.07%	0.08%	0.07%
	SNV	B	0.03%	0.04%	0.03%
	SO	D	0.4%	0.22%	0.22%
	SON	D	0.02%	0.02%	0.02%
	SPG	B	0.16%	0.3%	0.16%
	SRE	A	0.21%	0.17%	0.17%
	STAG	F	0.03%	0.02%	0.02%
	STLD	B	0.08%	0.21%	0.08%
	STWD	C	0.02%	0.06%	0.02%
	SW	A	0.11%	0.12%	0.11%
	SWK	D	0.06%	0.05%	0.05%
	SWKS	F	0.06%	0.29%	0.06%
	SYY	B	0.06%	0.19%	0.06%
	T	A	0.65%	1.2%	0.65%
	TAP	C	0.04%	0.07%	0.04%
	TFC	A	0.23%	0.33%	0.23%
	TFSL	A	0.0%	0.01%	0.0%
	TGT	F	0.28%	0.23%	0.23%
	THG	A	0.02%	0.02%	0.02%
	THO	B	0.02%	0.02%	0.02%
	TPR	B	0.04%	0.1%	0.04%
	TROW	B	0.1%	0.18%	0.1%
	TRV	B	0.22%	0.26%	0.22%
	TSN	B	0.07%	0.08%	0.07%
	TXN	C	0.65%	3.03%	0.65%
	UDR	B	0.06%	0.02%	0.02%
	UGI	A	0.02%	0.03%	0.02%
	UNM	A	0.05%	0.07%	0.05%
	UNP	C	0.3%	0.48%	0.3%
	UPS	C	0.39%	0.71%	0.39%
	USB	A	0.3%	0.31%	0.3%
	VFC	C	0.03%	0.02%	0.02%
	VICI	C	0.13%	0.05%	0.05%
	VOYA	B	0.03%	0.06%	0.03%
	VTR	C	0.11%	0.04%	0.04%
	VTRS	A	0.06%	0.09%	0.06%
	VZ	C	0.71%	1.48%	0.71%
	WAL	B	0.04%	0.02%	0.02%
	WBA	F	0.03%	0.1%	0.03%
	WBS	A	0.04%	0.06%	0.04%
	WEC	A	0.12%	0.11%	0.11%
	WEN	D	0.01%	0.03%	0.01%
	WFC	A	0.91%	2.42%	0.91%
	WH	B	0.02%	0.07%	0.02%
	WMB	A	0.25%	0.22%	0.22%
	WPC	D	0.05%	0.06%	0.05%
	WSO	A	0.07%	0.03%	0.03%
	WTRG	B	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.16%	0.12%
	WY	D	0.09%	0.08%	0.08%
	XEL	A	0.15%	0.1%	0.1%
	XOM	B	2.1%	2.91%	2.1%
	XRAY	F	0.02%	0.03%	0.02%
	YUM	B	0.09%	0.12%	0.09%
	ZION	B	0.03%	0.05%	0.03%

VONV Overweight 507 Positions Relative to DIVB

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	UNH	C	1.94%
	WMT	A	1.42%
	LIN	D	0.88%
	TMO	F	0.84%
	DIS	B	0.71%
	CMCSA	B	0.67%
	DHR	F	0.63%
	SPGI	C	0.6%
	GE	D	0.59%
	ETN	A	0.53%
	BSX	B	0.49%
	CB	C	0.46%
	MU	D	0.44%
	ADI	D	0.44%
	TMUS	B	0.43%
	AXP	A	0.38%
	SCHW	B	0.38%
	INTC	D	0.37%
	MMC	B	0.37%
	MO	A	0.37%
	SYK	C	0.36%
	ICE	C	0.35%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	GEV	B	0.33%
	AMD	F	0.32%
	ELV	F	0.32%
	GD	F	0.32%
	REGN	F	0.32%
	PYPL	B	0.32%
	PH	A	0.32%
	FI	A	0.31%
	AON	A	0.29%
	CEG	D	0.28%
	KKR	A	0.27%
	BDX	F	0.27%
	FCX	D	0.26%
	VRTX	F	0.25%
	MRVL	B	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	ROP	B	0.23%
	DLR	B	0.23%
	TT	A	0.22%
	MPC	D	0.21%
	O	D	0.21%
	TJX	A	0.21%
	PCAR	B	0.21%
	CARR	D	0.2%
	DHI	D	0.2%
	HCA	F	0.2%
	KVUE	A	0.18%
	VLO	C	0.17%
	CRM	B	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	MSI	B	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	RSG	A	0.16%
	LEN	D	0.16%
	URI	B	0.16%
	DAL	C	0.15%
	MCK	B	0.15%
	STZ	D	0.15%
	HWM	A	0.15%
	A	D	0.15%
	IR	B	0.15%
	MLM	B	0.14%
	DD	D	0.14%
	GEHC	F	0.14%
	ROST	C	0.14%
	ACGL	D	0.14%
	MSTR	C	0.14%
	RCL	A	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	APH	A	0.13%
	OXY	D	0.13%
	XYL	D	0.12%
	CSGP	D	0.12%
	ON	D	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	GRMN	B	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	PHM	D	0.11%
	VMC	B	0.11%
	MTD	D	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	STT	A	0.11%
	RJF	A	0.11%
	HLT	A	0.11%
	DELL	C	0.11%
	CHD	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	SYF	B	0.09%
	STE	F	0.09%
	ZBH	C	0.09%
	CCL	B	0.09%
	PGR	A	0.09%
	CBOE	B	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	ARE	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	BALL	D	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	RGA	A	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	VRSN	F	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	ZTS	D	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	APTV	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	IBKR	A	0.06%
	QCOM	F	0.05%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	NVT	B	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	EG	C	0.05%
	DLTR	F	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	WST	C	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	WYNN	D	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	TFX	F	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	FOXA	B	0.04%
	SOFI	A	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	DOX	D	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	CE	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	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%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	RGEN	D	0.03%
	ATI	D	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PARA	C	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	QRVO	F	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	MOH	F	0.03%
	DASH	A	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	WAT	B	0.03%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	0.03%
	LW	C	0.03%
	BWA	D	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	APG	B	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	PNFP	B	0.03%
	ECL	D	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%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	MGM	D	0.03%
	MOS	F	0.03%
	BRBR	A	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	ALNY	D	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	FRPT	B	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	WSC	D	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	AL	B	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	B	0.02%
	ZG	A	0.02%
	ORLY	B	0.02%
	ST	F	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	CROX	D	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WHR	B	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	S	B	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	GWW	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	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%
	AZEK	A	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AZTA	D	0.01%
	BR	A	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%
	ADTN	A	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	VIRT	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	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%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AMED	F	0.01%
	CPRT	A	0.01%
	PLNT	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	B	0.01%
	ZI	D	0.01%
	HIW	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	GFS	C	0.01%
	NVST	B	0.01%
	HUN	F	0.01%
	CTAS	B	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%
	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%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 98 Positions Relative to DIVB

	Symbol	Grade	Weight
	TEL	B	-1.17%
	MRK	F	-0.75%
	CRH	A	-0.46%
	BX	A	-0.4%
	STX	D	-0.39%
	AMT	D	-0.25%
	TRGP	B	-0.11%
	KLIC	B	-0.1%
	VSH	D	-0.06%
	ARES	A	-0.06%
	HR	C	-0.06%
	EXE	B	-0.06%
	CLX	B	-0.06%
	OWL	A	-0.05%
	ALV	C	-0.05%
	PBF	D	-0.04%
	RDN	C	-0.04%
	RITM	C	-0.04%
	CNO	A	-0.03%
	ONB	B	-0.03%
	VLY	B	-0.03%
	HP	B	-0.03%
	CCOI	B	-0.03%
	PTEN	C	-0.03%
	HOMB	A	-0.03%
	MGY	A	-0.03%
	RHP	B	-0.03%
	ARCH	B	-0.03%
	FHI	A	-0.03%
	HRI	B	-0.03%
	KBH	D	-0.03%
	APLE	B	-0.02%
	ALE	A	-0.02%
	NSP	D	-0.02%
	HWC	B	-0.02%
	CDP	C	-0.02%
	GOLF	B	-0.02%
	WMG	C	-0.02%
	PECO	A	-0.02%
	ESNT	D	-0.02%
	IIPR	D	-0.02%
	MC	C	-0.02%
	AEO	F	-0.02%
	VCTR	B	-0.02%
	ABM	B	-0.02%
	NHI	D	-0.02%
	PCH	D	-0.02%
	RUSHA	C	-0.02%
	MAC	B	-0.02%
	CRC	B	-0.02%
	ASB	B	-0.02%
	SHOO	D	-0.02%
	KTB	B	-0.02%
	GBCI	B	-0.02%
	SSB	B	-0.02%
	APAM	B	-0.02%
	SLG	B	-0.02%
	KRG	B	-0.02%
	MUR	D	-0.02%
	EQH	B	-0.02%
	UBSI	B	-0.02%
	BTU	B	-0.02%
	SBRA	C	-0.02%
	IPAR	B	-0.01%
	OGS	A	-0.01%
	TXNM	A	-0.01%
	MCY	A	-0.01%
	BKH	A	-0.01%
	AWR	B	-0.01%
	UCB	A	-0.01%
	SXT	B	-0.01%
	RRR	D	-0.01%
	MGEE	C	-0.01%
	CNS	B	-0.01%
	GEF	A	-0.01%
	ADT	C	-0.01%
	AVNT	B	-0.01%
	AROC	B	-0.01%
	OTTR	C	-0.01%
	HI	C	-0.01%
	LXP	D	-0.01%
	NJR	A	-0.01%
	IBOC	A	-0.01%
	FFIN	B	-0.01%
	CATY	B	-0.01%
	LCII	C	-0.01%
	SKT	B	-0.01%
	WD	D	-0.01%
	IRT	A	-0.01%
	MAGN	F	-0.0%
	CADE	B	-0.0%
	RUSHB	B	-0.0%
	GEF	A	-0.0%
	CRK	B	-0.0%
	SITC	D	-0.0%
	AVA	A	-0.0%
	ACT	D	-0.0%
	CVI	F	-0.0%

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

DIVB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P REIT - Residential REIT - Retail Utilities - Diversified Packaged Foods Packaging & Containers REIT - Diversified Diversified Industrials REIT - Industrial Business Services Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Insurance - Diversified Insurance - Life Insurance - Specialty

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Bank Banking Electricity Insurance Nasdaq 100 Commercial Banking Dow Jones Component Deposit Products Financial Products Investment Bank Real Estate Market Cash Management Insurance Products Chemical Plastic Life Insurance Mining