VONV vs. FLSP ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	VONV	FLSP
30 Days	3.51%	0.69%
60 Days	4.96%	0.06%
90 Days	7.00%	0.73%
12 Months	29.73%	6.54%

144 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in FLSP	Overlap
A	D	0.15%	0.23%	0.15%
ABBV	D	0.82%	0.59%	0.59%
ACI	C	0.03%	0.06%	0.03%
ADM	D	0.11%	0.16%	0.11%
AFL	B	0.23%	0.33%	0.23%
AIG	B	0.2%	0.21%	0.2%
AIZ	A	0.04%	0.06%	0.04%
AMAT	F	0.05%	0.66%	0.05%
AMP	A	0.02%	0.22%	0.02%
ANSS	B	0.11%	0.14%	0.11%
APH	A	0.13%	0.18%	0.13%
AVB	B	0.13%	0.13%	0.13%
AVTR	F	0.06%	0.08%	0.06%
AWK	D	0.11%	0.13%	0.11%
BBY	D	0.08%	0.11%	0.08%
BG	F	0.05%	0.07%	0.05%
BK	A	0.22%	0.31%	0.22%
BKNG	A	0.04%	0.87%	0.04%
BLDR	D	0.07%	0.1%	0.07%
BMY	B	0.45%	0.59%	0.45%
BR	A	0.01%	0.12%	0.01%
CAH	B	0.04%	0.12%	0.04%
CBOE	B	0.09%	0.12%	0.09%
CF	B	0.06%	0.1%	0.06%
CHRW	C	0.05%	0.08%	0.05%
CI	F	0.32%	0.22%	0.22%
CL	D	0.14%	0.36%	0.14%
CMCSA	B	0.67%	0.42%	0.42%
CMI	A	0.18%	0.25%	0.18%
CNC	D	0.13%	0.13%	0.13%
CPRT	A	0.01%	0.22%	0.01%
CRBG	B	0.03%	0.05%	0.03%
CRM	B	0.17%	0.7%	0.17%
CSL	C	0.07%	0.11%	0.07%
CSX	B	0.26%	0.31%	0.26%
CTAS	B	0.01%	0.35%	0.01%
CTSH	B	0.15%	0.21%	0.15%
DKS	C	0.04%	0.07%	0.04%
DPZ	C	0.04%	0.08%	0.04%
DVN	F	0.1%	0.13%	0.1%
EA	A	0.16%	0.23%	0.16%
EBAY	D	0.12%	0.18%	0.12%
EL	F	0.04%	0.1%	0.04%
EOG	A	0.28%	0.44%	0.28%
EXPD	D	0.06%	0.09%	0.06%
FDX	B	0.25%	0.27%	0.25%
FE	C	0.1%	0.1%	0.1%
FFIV	B	0.05%	0.08%	0.05%
FICO	B	0.03%	0.34%	0.03%
FIS	C	0.2%	0.26%	0.2%
FOXA	B	0.04%	0.07%	0.04%
FTNT	C	0.04%	0.32%	0.04%
GEN	B	0.06%	0.1%	0.06%
GILD	C	0.44%	0.61%	0.44%
GLPI	C	0.05%	0.07%	0.05%
GM	B	0.23%	0.36%	0.23%
HCA	F	0.2%	0.36%	0.2%
HD	A	0.32%	0.28%	0.28%
HIG	B	0.13%	0.19%	0.13%
HII	D	0.03%	0.04%	0.03%
HOLX	D	0.07%	0.11%	0.07%
HPQ	B	0.11%	0.2%	0.11%
INCY	C	0.04%	0.07%	0.04%
IQV	D	0.13%	0.17%	0.13%
IR	B	0.15%	0.16%	0.15%
JBL	B	0.05%	0.1%	0.05%
K	A	0.08%	0.12%	0.08%
KMB	D	0.11%	0.23%	0.11%
KR	B	0.15%	0.24%	0.15%
L	A	0.06%	0.09%	0.06%
LDOS	C	0.1%	0.13%	0.1%
LIN	D	0.88%	0.13%	0.13%
LNG	B	0.09%	0.29%	0.09%
LYB	F	0.09%	0.11%	0.09%
MAS	D	0.07%	0.1%	0.07%
MDT	D	0.46%	0.6%	0.46%
MET	A	0.18%	0.21%	0.18%
MGM	D	0.03%	0.05%	0.03%
MKTX	D	0.04%	0.06%	0.04%
MMM	D	0.23%	0.41%	0.23%
MOH	F	0.03%	0.1%	0.03%
MOS	F	0.03%	0.05%	0.03%
MPC	D	0.21%	0.27%	0.21%
MRO	B	0.06%	0.1%	0.06%
MS	A	0.51%	0.15%	0.15%
MSI	B	0.16%	0.48%	0.16%
MTCH	D	0.04%	0.06%	0.04%
MTD	D	0.11%	0.15%	0.11%
NRG	B	0.04%	0.12%	0.04%
NTAP	C	0.05%	0.16%	0.05%
NTRS	A	0.08%	0.12%	0.08%
NUE	C	0.14%	0.14%	0.14%
OC	A	0.06%	0.09%	0.06%
ON	D	0.12%	0.04%	0.04%
OVV	B	0.04%	0.08%	0.04%
PAYC	B	0.02%	0.07%	0.02%
PCAR	B	0.21%	0.14%	0.14%
PG	A	1.21%	0.13%	0.13%
PH	A	0.32%	0.23%	0.23%
PHM	D	0.11%	0.11%	0.11%
PKG	A	0.08%	0.11%	0.08%
PSX	C	0.2%	0.23%	0.2%
PTC	A	0.03%	0.1%	0.03%
PYPL	B	0.32%	0.45%	0.32%
QCOM	F	0.05%	0.83%	0.05%
RCL	A	0.13%	0.21%	0.13%
REG	B	0.05%	0.08%	0.05%
REGN	F	0.32%	0.33%	0.32%
RPM	A	0.05%	0.05%	0.05%
RPRX	D	0.04%	0.06%	0.04%
RS	B	0.07%	0.1%	0.07%
RTX	C	0.64%	0.34%	0.34%
SEIC	B	0.03%	0.06%	0.03%
SNA	A	0.07%	0.1%	0.07%
SPG	B	0.16%	0.35%	0.16%
SSNC	B	0.06%	0.09%	0.06%
STLD	B	0.08%	0.11%	0.08%
STT	A	0.11%	0.17%	0.11%
SWKS	F	0.06%	0.08%	0.06%
SYY	B	0.06%	0.15%	0.06%
T	A	0.65%	0.63%	0.63%
TAP	C	0.04%	0.07%	0.04%
TER	D	0.01%	0.06%	0.01%
TGT	F	0.28%	0.19%	0.19%
TJX	A	0.21%	0.75%	0.21%
TMO	F	0.84%	0.34%	0.34%
TROW	B	0.1%	0.16%	0.1%
TWLO	A	0.04%	0.09%	0.04%
TXT	D	0.06%	0.09%	0.06%
TYL	B	0.02%	0.13%	0.02%
UDR	B	0.06%	0.09%	0.06%
UHS	D	0.05%	0.07%	0.05%
UTHR	C	0.07%	0.1%	0.07%
VICI	C	0.13%	0.19%	0.13%
VLO	C	0.17%	0.25%	0.17%
VRSN	F	0.06%	0.1%	0.06%
VRTX	F	0.25%	0.49%	0.25%
VTR	C	0.11%	0.12%	0.11%
VTRS	A	0.06%	0.09%	0.06%
WAT	B	0.03%	0.14%	0.03%
WMT	A	1.42%	0.75%	0.75%
WSM	B	0.03%	0.11%	0.03%
WYNN	D	0.04%	0.05%	0.04%
ZM	B	0.08%	0.1%	0.08%

VONV Overweight 698 Positions Relative to FLSP

Symbol	Grade	Weight
BRK.A	B	3.3%
JPM	A	2.55%
XOM	B	2.1%
UNH	C	1.94%
JNJ	D	1.54%
BAC	A	1.14%
CVX	A	1.03%
WFC	A	0.91%
CSCO	B	0.89%
ACN	C	0.87%
PM	B	0.83%
MCD	D	0.79%
ABT	B	0.78%
IBM	C	0.76%
DIS	B	0.71%
VZ	C	0.71%
TXN	C	0.65%
NEE	D	0.65%
PFE	D	0.64%
CAT	B	0.63%
DHR	F	0.63%
LOW	D	0.6%
SPGI	C	0.6%
GE	D	0.59%
BLK	C	0.58%
ETN	A	0.53%
COP	C	0.51%
C	A	0.49%
BSX	B	0.49%
GS	A	0.48%
CB	C	0.46%
HON	B	0.45%
MU	D	0.44%
ADI	D	0.44%
TMUS	B	0.43%
KO	D	0.43%
PLD	D	0.42%
DE	A	0.41%
SO	D	0.4%
UPS	C	0.39%
AXP	A	0.38%
SCHW	B	0.38%
MDLZ	F	0.37%
INTC	D	0.37%
MMC	B	0.37%
MO	A	0.37%
DUK	C	0.36%
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%
LMT	D	0.32%
GD	F	0.32%
CME	A	0.32%
FI	A	0.31%
UNP	C	0.3%
PNC	B	0.3%
USB	A	0.3%
CVS	D	0.29%
AON	A	0.29%
APD	A	0.28%
CEG	D	0.28%
NOC	D	0.28%
KKR	A	0.27%
BDX	F	0.27%
FCX	D	0.26%
COF	B	0.25%
EMR	A	0.25%
MRVL	B	0.25%
WMB	A	0.25%
MAR	B	0.24%
AJG	B	0.23%
OKE	A	0.23%
NSC	B	0.23%
TDG	D	0.23%
SLB	C	0.23%
ROP	B	0.23%
TFC	A	0.23%
DLR	B	0.23%
TT	A	0.22%
TRV	B	0.22%
O	D	0.21%
AEP	D	0.21%
NEM	D	0.21%
SRE	A	0.21%
CARR	D	0.2%
D	C	0.2%
DHI	D	0.2%
CCI	D	0.19%
LHX	C	0.19%
KMI	A	0.19%
PEP	F	0.19%
ITW	B	0.19%
KVUE	A	0.18%
PRU	A	0.18%
PSA	D	0.18%
PEG	A	0.18%
ALL	A	0.17%
JCI	C	0.17%
AME	A	0.17%
CTVA	C	0.17%
PCG	A	0.17%
MCHP	D	0.16%
EXC	C	0.16%
OTIS	C	0.16%
CBRE	B	0.16%
F	C	0.16%
RSG	A	0.16%
LEN	D	0.16%
URI	B	0.16%
GLW	B	0.15%
DAL	C	0.15%
KDP	D	0.15%
MCK	B	0.15%
STZ	D	0.15%
DFS	B	0.15%
XEL	A	0.15%
HWM	A	0.15%
AMGN	D	0.15%
GIS	D	0.15%
BKR	B	0.15%
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%
ACGL	D	0.14%
MSTR	C	0.14%
EIX	B	0.13%
MTB	A	0.13%
EW	C	0.13%
WAB	B	0.13%
ETR	B	0.13%
FANG	D	0.13%
OXY	D	0.13%
PPG	F	0.12%
XYL	D	0.12%
CSGP	D	0.12%
KHC	F	0.12%
FITB	A	0.12%
WEC	A	0.12%
PWR	A	0.12%
NDAQ	A	0.12%
CHTR	C	0.12%
GRMN	B	0.12%
WTW	B	0.12%
HUM	C	0.12%
GPN	B	0.11%
EQR	B	0.11%
SW	A	0.11%
VMC	B	0.11%
ROK	B	0.11%
TTWO	A	0.11%
RJF	A	0.11%
HLT	A	0.11%
DELL	C	0.11%
PAYX	C	0.11%
PPL	B	0.1%
CHD	B	0.1%
HAL	C	0.1%
SBAC	D	0.1%
SBUX	A	0.1%
FTV	C	0.1%
HPE	B	0.1%
BIIB	F	0.1%
IFF	D	0.1%
UAL	A	0.1%
RMD	C	0.1%
NVR	D	0.1%
DTE	C	0.1%
DOV	A	0.1%
KEYS	A	0.1%
EFX	F	0.1%
WDC	D	0.09%
CINF	A	0.09%
SYF	B	0.09%
STE	F	0.09%
ZBH	C	0.09%
RF	A	0.09%
CCL	B	0.09%
HSY	F	0.09%
PGR	A	0.09%
HBAN	A	0.09%
WY	D	0.09%
YUM	B	0.09%
HUBB	B	0.09%
ILMN	D	0.09%
ES	D	0.09%
AEE	A	0.09%
FCNCA	A	0.09%
SQ	B	0.09%
APO	B	0.08%
PFG	D	0.08%
CFG	B	0.08%
LH	C	0.08%
INVH	D	0.08%
IP	B	0.08%
ARE	D	0.08%
OMC	C	0.08%
MKC	D	0.08%
WBD	C	0.08%
EQT	B	0.08%
CMS	C	0.08%
FSLR	F	0.08%
ATO	A	0.08%
TDY	B	0.08%
IEX	B	0.07%
SUI	D	0.07%
PNR	A	0.07%
WSO	A	0.07%
TSN	B	0.07%
WRB	A	0.07%
DGX	A	0.07%
CVNA	B	0.07%
J	F	0.07%
MRNA	F	0.07%
DG	F	0.07%
MAA	B	0.07%
CTRA	B	0.07%
ESS	B	0.07%
BAX	D	0.07%
BALL	D	0.07%
LUV	C	0.07%
MSCI	C	0.07%
TRU	D	0.07%
CNP	B	0.07%
CAG	D	0.06%
RGA	A	0.06%
VLTO	D	0.06%
BRO	B	0.06%
NDSN	B	0.06%
USFD	A	0.06%
SWK	D	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%
MKL	A	0.06%
AKAM	D	0.06%
ZBRA	B	0.06%
LNT	A	0.06%
IRM	D	0.06%
APTV	D	0.06%
RBA	A	0.06%
HOOD	B	0.06%
FNF	B	0.06%
KIM	A	0.06%
DOC	D	0.06%
NI	A	0.06%
KEY	B	0.06%
GPC	D	0.06%
AMCR	D	0.06%
IBKR	A	0.06%
FTI	A	0.05%
TECH	D	0.05%
ITT	A	0.05%
SCI	B	0.05%
AES	F	0.05%
SJM	D	0.05%
CLH	B	0.05%
UNM	A	0.05%
AMH	D	0.05%
CPT	B	0.05%
HST	C	0.05%
WPC	D	0.05%
CASY	A	0.05%
CACI	D	0.05%
ALLE	D	0.05%
COHR	B	0.05%
EMN	D	0.05%
NVT	B	0.05%
BMRN	D	0.05%
EME	C	0.05%
CDW	F	0.05%
BXP	D	0.05%
JNPR	F	0.05%
EG	C	0.05%
ELS	C	0.05%
DLTR	F	0.05%
CW	B	0.05%
JKHY	D	0.05%
HES	B	0.05%
RNR	C	0.05%
EVRG	A	0.05%
EWBC	A	0.05%
GGG	B	0.05%
DTM	B	0.04%
WST	C	0.04%
FYBR	D	0.04%
DCI	B	0.04%
BWXT	B	0.04%
WBS	A	0.04%
JLL	D	0.04%
HRL	D	0.04%
TW	A	0.04%
WAL	B	0.04%
CPB	D	0.04%
NYT	C	0.04%
HSIC	B	0.04%
DRI	B	0.04%
LAD	A	0.04%
AOS	F	0.04%
FRT	B	0.04%
CRL	C	0.04%
CIEN	B	0.04%
REXR	F	0.04%
AFG	A	0.04%
AYI	B	0.04%
ALSN	B	0.04%
GL	B	0.04%
QGEN	D	0.04%
FHN	A	0.04%
TFX	F	0.04%
EVR	B	0.04%
DAY	B	0.04%
PRI	A	0.04%
LKQ	D	0.04%
RGLD	C	0.04%
SOFI	A	0.04%
WTRG	B	0.04%
CNH	C	0.04%
EPAM	C	0.04%
EHC	B	0.04%
WWD	B	0.04%
ARMK	B	0.04%
PNW	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%
SF	B	0.04%
NWSA	B	0.04%
AVY	D	0.04%
OHI	C	0.04%
KMX	B	0.04%
CTLT	B	0.04%
PFGC	B	0.04%
CUBE	D	0.04%
NTNX	A	0.04%
TPR	B	0.04%
CCK	C	0.04%
CG	A	0.04%
RRX	B	0.04%
IPG	D	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%
IVZ	B	0.03%
ALGN	D	0.03%
WEX	D	0.03%
XP	F	0.03%
BBWI	D	0.03%
FAF	A	0.03%
RGEN	D	0.03%
MTG	C	0.03%
ATI	D	0.03%
SIRI	C	0.03%
WMS	D	0.03%
BFAM	D	0.03%
CGNX	C	0.03%
PB	A	0.03%
PARA	C	0.03%
OSK	B	0.03%
KEX	C	0.03%
HRB	D	0.03%
G	B	0.03%
QRVO	F	0.03%
STAG	F	0.03%
JAZZ	B	0.03%
WBA	F	0.03%
COKE	C	0.03%
RHI	B	0.03%
FCN	D	0.03%
MAT	D	0.03%
AGNC	D	0.03%
ROKU	D	0.03%
FND	C	0.03%
MIDD	C	0.03%
SSD	D	0.03%
DASH	A	0.03%
FR	C	0.03%
FLS	B	0.03%
BIO	D	0.03%
ESAB	B	0.03%
GNTX	C	0.03%
PR	B	0.03%
MHK	D	0.03%
GXO	B	0.03%
FAST	B	0.03%
LBRDK	C	0.03%
RRC	B	0.03%
SNV	B	0.03%
CHE	D	0.03%
ONTO	D	0.03%
VFC	C	0.03%
Z	A	0.03%
VNO	B	0.03%
COLD	D	0.03%
ADC	B	0.03%
SKX	D	0.03%
SAIC	F	0.03%
CBSH	A	0.03%
CFR	B	0.03%
ZION	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%
CHRD	D	0.03%
APG	B	0.03%
NNN	D	0.03%
RL	B	0.03%
RBC	A	0.03%
TKO	B	0.03%
OGE	B	0.03%
PNFP	B	0.03%
JEF	A	0.03%
BERY	B	0.03%
BRX	A	0.03%
FMC	D	0.03%
ECL	D	0.03%
VOYA	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%
GPK	C	0.03%
TTC	D	0.03%
CMA	A	0.03%
ADP	B	0.03%
APA	D	0.03%
BRBR	A	0.03%
LAMR	D	0.03%
CZR	F	0.03%
ORI	A	0.03%
X	C	0.03%
SNX	C	0.03%
INGR	B	0.03%
ALNY	D	0.02%
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%
AWI	A	0.02%
CLF	F	0.02%
FLO	D	0.02%
UHAL	D	0.02%
OLED	D	0.02%
GAP	C	0.02%
M	D	0.02%
FRPT	B	0.02%
ASH	D	0.02%
EEFT	B	0.02%
SLGN	A	0.02%
LITE	B	0.02%
DLB	B	0.02%
TPG	A	0.02%
DBX	B	0.02%
AGO	B	0.02%
WSC	D	0.02%
AZO	C	0.02%
WTM	A	0.02%
WLK	D	0.02%
BILL	A	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%
OGN	D	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%
SON	D	0.02%
ST	F	0.02%
FNB	A	0.02%
FOX	A	0.02%
KD	B	0.02%
IDA	A	0.02%
CROX	D	0.02%
THO	B	0.02%
THG	A	0.02%
JHG	A	0.02%
TKR	D	0.02%
POST	C	0.02%
SAIA	B	0.02%
BC	C	0.02%
LEA	D	0.02%
PVH	C	0.02%
H	B	0.02%
WHR	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%
CRUS	D	0.02%
LNC	B	0.02%
BEN	C	0.02%
S	B	0.02%
COLB	A	0.02%
LFUS	F	0.02%
ALK	C	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%
ELAN	D	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%
LYFT	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%
AZEK	A	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%
ETSY	D	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%
CWEN	C	0.01%
CC	C	0.01%
VIRT	B	0.01%
AGR	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%
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%
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%
CHH	A	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%
CWEN	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%
HAS	D	0.0%
NCNO	B	0.0%
CERT	F	0.0%

VONV Underweight 39 Positions Relative to FLSP

Symbol	Grade	Weight
ADBE	C	-0.91%
MA	C	-0.77%
NOW	A	-0.75%
INTU	C	-0.68%
NVDA	C	-0.62%
MSFT	F	-0.57%
UBER	D	-0.49%
NVS	D	-0.48%
META	D	-0.45%
NFLX	A	-0.45%
ADSK	A	-0.36%
CDNS	B	-0.32%
APP	B	-0.31%
VST	B	-0.29%
BCS	C	-0.23%
SNPS	B	-0.2%
SE	B	-0.18%
LULU	C	-0.16%
DECK	A	-0.16%
MELI	D	-0.16%
GDDY	A	-0.15%
EXPE	B	-0.14%
IDXX	F	-0.14%
CPAY	A	-0.12%
LYV	A	-0.12%
VEEV	C	-0.12%
STX	D	-0.11%
LII	A	-0.11%
GOOG	C	-0.11%
LVS	C	-0.11%
DOCU	A	-0.1%
ROL	B	-0.09%
EQH	B	-0.09%
MANH	D	-0.09%
DT	C	-0.08%
NBIX	C	-0.08%
CHKP	D	-0.06%
AER	B	-0.05%
COR	B	-0.04%