VONV vs. FTQI ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to First Trust Low Beta Income ETF (FTQI)

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

$86.76

Average Daily Volume

369,875

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.87

Average Daily Volume

178,615

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	VONV	FTQI
30 Days	2.60%	1.17%
60 Days	4.54%	2.84%
90 Days	6.20%	4.93%
12 Months	28.76%	17.52%

99 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in FTQI	Overlap
A	D	0.15%	0.34%	0.15%
ABBV	F	0.82%	0.17%	0.17%
ACGL	C	0.14%	0.05%	0.05%
ACHC	F	0.02%	0.01%	0.01%
ALNY	D	0.02%	0.12%	0.02%
AMD	F	0.32%	1.45%	0.32%
APA	D	0.03%	0.03%	0.03%
APH	A	0.13%	0.58%	0.13%
AXP	A	0.38%	0.15%	0.15%
BMRN	F	0.05%	0.06%	0.05%
CASY	A	0.05%	0.43%	0.05%
CAT	B	0.63%	0.15%	0.15%
CG	B	0.04%	0.37%	0.04%
CHRW	B	0.05%	0.18%	0.05%
CINF	A	0.09%	0.17%	0.09%
CL	D	0.14%	0.19%	0.14%
CME	B	0.32%	0.96%	0.32%
COIN	C	0.02%	0.24%	0.02%
COKE	C	0.03%	0.2%	0.03%
CRM	B	0.17%	0.58%	0.17%
CSCO	B	0.89%	1.56%	0.89%
DJT	C	0.0%	0.2%	0.0%
DOX	D	0.04%	0.17%	0.04%
EBAY	D	0.12%	0.17%	0.12%
EQIX	A	0.33%	1.25%	0.33%
ETN	A	0.53%	0.14%	0.14%
EVRG	A	0.05%	0.26%	0.05%
EWBC	A	0.05%	0.28%	0.05%
EXAS	D	0.03%	0.01%	0.01%
FCNCA	A	0.09%	0.18%	0.09%
FFIV	B	0.05%	0.2%	0.05%
FITB	B	0.12%	0.16%	0.12%
FRPT	A	0.02%	0.14%	0.02%
GE	D	0.59%	0.12%	0.12%
GEV	B	0.33%	0.05%	0.05%
HBAN	A	0.09%	0.18%	0.09%
HOLX	D	0.07%	0.09%	0.07%
HOOD	B	0.06%	0.23%	0.06%
INCY	C	0.04%	0.19%	0.04%
JAZZ	B	0.03%	0.16%	0.03%
JBHT	C	0.06%	0.15%	0.06%
LECO	C	0.03%	0.16%	0.03%
LIN	C	0.88%	1.19%	0.88%
LITE	B	0.02%	0.25%	0.02%
LNT	A	0.06%	0.49%	0.06%
LOW	C	0.6%	0.12%	0.12%
LSTR	D	0.03%	0.15%	0.03%
MASI	B	0.01%	0.16%	0.01%
MIDD	C	0.03%	0.13%	0.03%
MKSI	C	0.03%	0.18%	0.03%
MKTX	D	0.04%	0.13%	0.04%
MSI	B	0.16%	0.22%	0.16%
MTD	F	0.11%	0.11%	0.11%
MTSI	B	0.03%	0.23%	0.03%
NDAQ	A	0.12%	0.36%	0.12%
NTAP	C	0.05%	0.79%	0.05%
NTRS	A	0.08%	0.19%	0.08%
NWSA	A	0.04%	0.05%	0.04%
OKTA	C	0.03%	0.02%	0.02%
OLED	F	0.02%	0.17%	0.02%
OLLI	D	0.02%	0.18%	0.02%
PEP	F	0.19%	1.45%	0.19%
PGR	A	0.09%	0.14%	0.09%
PH	A	0.32%	0.14%	0.14%
PNFP	B	0.03%	0.27%	0.03%
PTC	B	0.03%	0.5%	0.03%
QCOM	F	0.05%	1.11%	0.05%
QRVO	F	0.03%	0.03%	0.03%
REG	A	0.05%	0.18%	0.05%
REYN	D	0.01%	0.01%	0.01%
RGEN	D	0.03%	0.02%	0.02%
RGLD	C	0.04%	0.13%	0.04%
RMD	C	0.1%	0.14%	0.1%
ROIV	C	0.02%	0.12%	0.02%
RPRX	D	0.04%	0.01%	0.01%
SAIA	B	0.02%	0.2%	0.02%
SBAC	D	0.1%	0.28%	0.1%
SOFI	B	0.04%	0.26%	0.04%
SPGI	C	0.6%	0.6%	0.6%
SSNC	B	0.06%	0.17%	0.06%
TECH	F	0.05%	0.13%	0.05%
TMUS	B	0.43%	1.78%	0.43%
TRMB	B	0.06%	0.18%	0.06%
TROW	B	0.1%	0.1%	0.1%
TTEK	F	0.04%	0.13%	0.04%
TW	A	0.04%	0.05%	0.04%
TXN	C	0.65%	1.54%	0.65%
TYL	B	0.02%	0.4%	0.02%
ULTA	F	0.01%	0.14%	0.01%
UTHR	C	0.07%	0.18%	0.07%
VMC	B	0.11%	0.13%	0.11%
WAT	C	0.03%	0.13%	0.03%
WMT	A	1.42%	0.39%	0.39%
WTW	B	0.12%	0.16%	0.12%
WWD	C	0.04%	0.25%	0.04%
XOM	B	2.1%	0.15%	0.15%
XRAY	F	0.02%	0.01%	0.01%
ZBRA	B	0.06%	0.37%	0.06%
ZION	B	0.03%	0.18%	0.03%

VONV Overweight 743 Positions Relative to FTQI

Symbol	Grade	Weight
BRK.A	B	3.3%
JPM	A	2.55%
UNH	B	1.94%
JNJ	C	1.54%
PG	C	1.21%
BAC	A	1.14%
CVX	A	1.03%
WFC	A	0.91%
ACN	B	0.87%
TMO	F	0.84%
PM	B	0.83%
MCD	D	0.79%
ABT	B	0.78%
IBM	C	0.76%
DIS	B	0.71%
VZ	C	0.71%
CMCSA	B	0.67%
T	A	0.65%
NEE	C	0.65%
PFE	F	0.64%
RTX	D	0.64%
DHR	F	0.63%
BLK	B	0.58%
MS	A	0.51%
COP	C	0.51%
C	A	0.49%
BSX	A	0.49%
GS	A	0.48%
CB	C	0.46%
MDT	D	0.46%
BMY	B	0.45%
HON	C	0.45%
MU	D	0.44%
ADI	D	0.44%
GILD	C	0.44%
KO	D	0.43%
PLD	F	0.42%
DE	B	0.41%
SO	C	0.4%
UPS	C	0.39%
SCHW	B	0.38%
MDLZ	F	0.37%
INTC	C	0.37%
MMC	B	0.37%
MO	A	0.37%
DUK	C	0.36%
SYK	B	0.36%
ICE	C	0.35%
BA	F	0.34%
WELL	A	0.33%
HD	B	0.32%
ELV	F	0.32%
LMT	D	0.32%
GD	D	0.32%
CI	D	0.32%
REGN	F	0.32%
PYPL	B	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%
TGT	F	0.28%
CEG	C	0.28%
EOG	A	0.28%
NOC	D	0.28%
KKR	A	0.27%
BDX	F	0.27%
FCX	F	0.26%
CSX	C	0.26%
VRTX	D	0.25%
COF	C	0.25%
EMR	B	0.25%
FDX	B	0.25%
MRVL	B	0.25%
WMB	A	0.25%
MAR	A	0.24%
AJG	A	0.23%
OKE	A	0.23%
NSC	B	0.23%
TDG	D	0.23%
GM	C	0.23%
SLB	C	0.23%
ROP	B	0.23%
TFC	A	0.23%
DLR	B	0.23%
MMM	D	0.23%
AFL	B	0.23%
TT	A	0.22%
BK	A	0.22%
TRV	B	0.22%
MPC	D	0.21%
O	C	0.21%
AEP	C	0.21%
TJX	A	0.21%
NEM	D	0.21%
SRE	A	0.21%
PCAR	B	0.21%
AIG	B	0.2%
CARR	C	0.2%
D	C	0.2%
DHI	F	0.2%
FIS	C	0.2%
PSX	C	0.2%
HCA	F	0.2%
CCI	C	0.19%
LHX	C	0.19%
KMI	A	0.19%
ITW	B	0.19%
KVUE	A	0.18%
PRU	A	0.18%
PSA	C	0.18%
PEG	A	0.18%
CMI	A	0.18%
MET	A	0.18%
ALL	A	0.17%
VLO	C	0.17%
JCI	B	0.17%
AME	A	0.17%
CTVA	C	0.17%
PCG	A	0.17%
MCHP	F	0.16%
EXC	C	0.16%
OTIS	C	0.16%
CBRE	B	0.16%
EA	A	0.16%
F	C	0.16%
RSG	A	0.16%
LEN	D	0.16%
SPG	A	0.16%
URI	C	0.16%
GLW	B	0.15%
DAL	B	0.15%
KDP	F	0.15%
MCK	A	0.15%
KR	B	0.15%
STZ	D	0.15%
DFS	B	0.15%
CTSH	B	0.15%
XEL	A	0.15%
HWM	A	0.15%
AMGN	F	0.15%
GIS	D	0.15%
BKR	A	0.15%
IR	B	0.15%
NUE	C	0.14%
EXR	C	0.14%
MLM	C	0.14%
DD	C	0.14%
DOW	F	0.14%
GEHC	D	0.14%
ED	C	0.14%
ROST	D	0.14%
NKE	F	0.14%
MSTR	B	0.14%
EIX	B	0.13%
AVB	B	0.13%
RCL	A	0.13%
HIG	B	0.13%
MTB	A	0.13%
EW	C	0.13%
CNC	D	0.13%
IQV	F	0.13%
WAB	B	0.13%
ETR	B	0.13%
VICI	C	0.13%
FANG	C	0.13%
OXY	D	0.13%
PPG	F	0.12%
XYL	D	0.12%
CSGP	D	0.12%
KHC	F	0.12%
WEC	A	0.12%
ON	D	0.12%
PWR	A	0.12%
CHTR	C	0.12%
GRMN	B	0.12%
HUM	C	0.12%
ADM	D	0.11%
HPQ	B	0.11%
GPN	B	0.11%
VTR	B	0.11%
EQR	C	0.11%
KMB	C	0.11%
SW	A	0.11%
PHM	D	0.11%
AWK	C	0.11%
ROK	C	0.11%
TTWO	A	0.11%
ANSS	B	0.11%
STT	B	0.11%
RJF	A	0.11%
HLT	A	0.11%
DELL	B	0.11%
PAYX	B	0.11%
PPL	A	0.1%
FE	C	0.1%
DVN	F	0.1%
CHD	A	0.1%
HAL	C	0.1%
LDOS	C	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%
NVR	D	0.1%
DTE	C	0.1%
DOV	A	0.1%
KEYS	A	0.1%
EFX	F	0.1%
WDC	D	0.09%
LNG	A	0.09%
SYF	B	0.09%
STE	D	0.09%
ZBH	C	0.09%
RF	A	0.09%
CCL	A	0.09%
HSY	F	0.09%
CBOE	C	0.09%
LYB	F	0.09%
WY	F	0.09%
YUM	D	0.09%
HUBB	B	0.09%
ILMN	C	0.09%
ES	C	0.09%
AEE	A	0.09%
SQ	A	0.09%
APO	B	0.08%
PFG	D	0.08%
CFG	B	0.08%
LH	B	0.08%
INVH	D	0.08%
IP	A	0.08%
ARE	F	0.08%
STLD	B	0.08%
BBY	D	0.08%
OMC	C	0.08%
MKC	C	0.08%
ZM	C	0.08%
WBD	B	0.08%
EQT	B	0.08%
PKG	A	0.08%
CMS	C	0.08%
FSLR	F	0.08%
ATO	A	0.08%
TDY	B	0.08%
K	A	0.08%
IEX	C	0.07%
RS	B	0.07%
SUI	C	0.07%
PNR	A	0.07%
WSO	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	D	0.07%
MRNA	F	0.07%
DG	F	0.07%
MAA	B	0.07%
MAS	D	0.07%
CTRA	B	0.07%
ESS	B	0.07%
BAX	F	0.07%
BALL	F	0.07%
LUV	C	0.07%
MSCI	C	0.07%
TRU	D	0.07%
BLDR	D	0.07%
CNP	A	0.07%
VTRS	A	0.06%
CAG	F	0.06%
UDR	B	0.06%
RGA	A	0.06%
VLTO	C	0.06%
BRO	B	0.06%
VRSN	C	0.06%
SWKS	F	0.06%
EXPD	C	0.06%
NDSN	B	0.06%
USFD	A	0.06%
L	A	0.06%
SYY	D	0.06%
SWK	D	0.06%
ZTS	D	0.06%
ACM	B	0.06%
RVTY	F	0.06%
THC	D	0.06%
TOL	B	0.06%
CF	A	0.06%
TXT	D	0.06%
MKL	A	0.06%
AVTR	F	0.06%
AKAM	D	0.06%
OC	A	0.06%
IRM	C	0.06%
APTV	F	0.06%
MRO	B	0.06%
RBA	A	0.06%
FNF	B	0.06%
KIM	A	0.06%
DOC	C	0.06%
NI	A	0.06%
GEN	B	0.06%
KEY	B	0.06%
GPC	D	0.06%
AMCR	C	0.06%
IBKR	A	0.06%
FTI	A	0.05%
ITT	A	0.05%
SCI	B	0.05%
AES	F	0.05%
SJM	D	0.05%
CLH	C	0.05%
UHS	D	0.05%
BG	D	0.05%
UNM	A	0.05%
AMH	C	0.05%
CPT	B	0.05%
HST	C	0.05%
WPC	C	0.05%
CACI	D	0.05%
ALLE	C	0.05%
COHR	B	0.05%
AMAT	F	0.05%
EMN	C	0.05%
NVT	B	0.05%
JBL	C	0.05%
RPM	A	0.05%
EME	A	0.05%
CDW	F	0.05%
BXP	C	0.05%
JNPR	D	0.05%
EG	C	0.05%
ELS	C	0.05%
DLTR	F	0.05%
GLPI	C	0.05%
CW	C	0.05%
JKHY	D	0.05%
HES	B	0.05%
RNR	C	0.05%
GGG	B	0.05%
DTM	A	0.04%
WST	C	0.04%
FYBR	C	0.04%
DCI	B	0.04%
BWXT	B	0.04%
WBS	A	0.04%
JLL	D	0.04%
HRL	D	0.04%
WAL	B	0.04%
CPB	D	0.04%
NYT	D	0.04%
HSIC	C	0.04%
DRI	B	0.04%
LAD	A	0.04%
AOS	F	0.04%
WYNN	C	0.04%
FRT	B	0.04%
CRL	D	0.04%
FTNT	C	0.04%
CIEN	C	0.04%
MTCH	D	0.04%
REXR	F	0.04%
AFG	A	0.04%
AYI	B	0.04%
ALSN	B	0.04%
GL	C	0.04%
DPZ	C	0.04%
QGEN	D	0.04%
FHN	A	0.04%
TFX	F	0.04%
EVR	B	0.04%
BKNG	A	0.04%
TAP	C	0.04%
DAY	B	0.04%
PRI	B	0.04%
LKQ	F	0.04%
FOXA	A	0.04%
WTRG	B	0.04%
CNH	C	0.04%
EPAM	B	0.04%
EHC	B	0.04%
ARMK	B	0.04%
DKS	D	0.04%
AIZ	A	0.04%
PNW	A	0.04%
AA	A	0.04%
SOLV	D	0.04%
EL	F	0.04%
AFRM	A	0.04%
CE	F	0.04%
FBIN	D	0.04%
BLD	D	0.04%
SF	B	0.04%
OVV	B	0.04%
AVY	F	0.04%
OHI	C	0.04%
KMX	B	0.04%
CTLT	C	0.04%
PFGC	B	0.04%
CUBE	C	0.04%
CAH	B	0.04%
NTNX	B	0.04%
TPR	B	0.04%
TWLO	A	0.04%
CCK	D	0.04%
RRX	B	0.04%
IPG	D	0.04%
NRG	B	0.04%
ATR	B	0.04%
ALB	B	0.04%
FDS	B	0.04%
BJ	A	0.04%
ARW	D	0.03%
IVZ	B	0.03%
ALGN	D	0.03%
WEX	D	0.03%
XP	F	0.03%
BBWI	C	0.03%
FAF	A	0.03%
MTG	C	0.03%
ATI	C	0.03%
SIRI	C	0.03%
WMS	F	0.03%
BFAM	D	0.03%
CGNX	D	0.03%
PB	B	0.03%
PARA	C	0.03%
OSK	C	0.03%
KEX	B	0.03%
HRB	D	0.03%
G	B	0.03%
STAG	D	0.03%
WBA	F	0.03%
RHI	C	0.03%
FCN	F	0.03%
MAT	D	0.03%
AGNC	C	0.03%
ROKU	D	0.03%
FND	D	0.03%
SSD	F	0.03%
MOH	F	0.03%
DASH	B	0.03%
FR	D	0.03%
FLS	B	0.03%
BIO	C	0.03%
ESAB	C	0.03%
WSM	C	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%
FICO	B	0.03%
RRC	B	0.03%
SNV	C	0.03%
CHE	D	0.03%
ONTO	F	0.03%
VFC	C	0.03%
Z	A	0.03%
VNO	C	0.03%
HII	F	0.03%
COLD	D	0.03%
ADC	A	0.03%
SKX	D	0.03%
SAIC	F	0.03%
SEIC	B	0.03%
CBSH	B	0.03%
CFR	B	0.03%
SHW	B	0.03%
AR	B	0.03%
WTFC	A	0.03%
MNST	C	0.03%
ACI	C	0.03%
LW	C	0.03%
BWA	D	0.03%
CR	A	0.03%
MTZ	B	0.03%
CHRD	D	0.03%
APG	B	0.03%
NNN	C	0.03%
RL	C	0.03%
RBC	A	0.03%
TKO	A	0.03%
OGE	A	0.03%
JEF	A	0.03%
BERY	C	0.03%
BRX	A	0.03%
FMC	D	0.03%
ECL	D	0.03%
VOYA	B	0.03%
CRBG	B	0.03%
KNX	C	0.03%
AAL	B	0.03%
KBR	F	0.03%
HLI	A	0.03%
GMED	A	0.03%
EGP	D	0.03%
RIVN	F	0.03%
ALLY	C	0.03%
GWRE	A	0.03%
GME	C	0.03%
AXTA	B	0.03%
WCC	B	0.03%
GPK	C	0.03%
TTC	C	0.03%
CMA	B	0.03%
ADP	A	0.03%
MGM	D	0.03%
MOS	F	0.03%
BRBR	A	0.03%
LAMR	C	0.03%
CZR	F	0.03%
ORI	A	0.03%
X	B	0.03%
SNX	D	0.03%
INGR	C	0.03%
KMPR	A	0.02%
MSGS	A	0.02%
RH	C	0.02%
HOG	D	0.02%
AN	C	0.02%
SITE	F	0.02%
PAYC	B	0.02%
GTES	A	0.02%
W	D	0.02%
AWI	A	0.02%
CLF	F	0.02%
FLO	D	0.02%
UHAL	D	0.02%
GAP	C	0.02%
M	F	0.02%
ASH	F	0.02%
EEFT	B	0.02%
SLGN	A	0.02%
DLB	B	0.02%
TPG	A	0.02%
DBX	B	0.02%
AGO	B	0.02%
WSC	F	0.02%
AZO	C	0.02%
WTM	A	0.02%
WLK	D	0.02%
BILL	A	0.02%
AMP	A	0.02%
RYN	D	0.02%
OZK	B	0.02%
AL	B	0.02%
CUZ	B	0.02%
KRC	B	0.02%
DOCS	C	0.02%
SLM	A	0.02%
BYD	B	0.02%
HXL	F	0.02%
OLN	F	0.02%
AVT	C	0.02%
OGN	F	0.02%
SN	D	0.02%
PSN	D	0.02%
GNRC	C	0.02%
SEE	C	0.02%
UGI	C	0.02%
ZG	A	0.02%
ORLY	B	0.02%
SON	F	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	B	0.02%
TKR	D	0.02%
POST	C	0.02%
BC	C	0.02%
LEA	F	0.02%
PVH	C	0.02%
H	B	0.02%
WHR	B	0.02%
NFG	A	0.02%
OMF	A	0.02%
MTDR	B	0.02%
BPOP	C	0.02%
SRCL	B	0.02%
VNT	C	0.02%
MDU	D	0.02%
CRUS	D	0.02%
LNC	C	0.02%
BEN	C	0.02%
S	B	0.02%
COLB	B	0.02%
LFUS	D	0.02%
ALK	B	0.02%
ESI	B	0.02%
AXS	A	0.02%
DINO	D	0.02%
RLI	A	0.02%
AMG	B	0.02%
NOV	C	0.02%
MSA	F	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%
TER	F	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	F	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	D	0.01%
AAP	D	0.01%
AZTA	D	0.01%
BR	A	0.01%
BROS	A	0.01%
LCID	F	0.01%
GLOB	B	0.01%
IPGP	D	0.01%
RKT	F	0.01%
RCM	A	0.01%
BRKR	D	0.01%
ENOV	C	0.01%
CPRI	F	0.01%
JWN	D	0.01%
ADTN	A	0.01%
EXP	B	0.01%
HAYW	B	0.01%
BOKF	B	0.01%
MP	C	0.01%
SHC	F	0.01%
HHH	B	0.01%
SPB	C	0.01%
CWEN	C	0.01%
CC	C	0.01%
VIRT	A	0.01%
AGR	A	0.01%
ALGM	D	0.01%
CXT	C	0.01%
VAC	C	0.01%
CLVT	D	0.01%
COLM	C	0.01%
LOPE	C	0.01%
MPW	F	0.01%
PAG	B	0.01%
COTY	F	0.01%
AMKR	D	0.01%
PK	C	0.01%
NSA	C	0.01%
CNM	D	0.01%
BHF	C	0.01%
MAN	F	0.01%
PENN	C	0.01%
WU	F	0.01%
AM	A	0.01%
AMED	F	0.01%
CPRT	B	0.01%
IRDM	D	0.01%
PLNT	A	0.01%
FHB	B	0.01%
TNL	A	0.01%
SPR	D	0.01%
U	C	0.01%
NXST	C	0.01%
NWS	A	0.01%
EPR	C	0.01%
ZI	D	0.01%
PRGO	C	0.01%
HIW	C	0.01%
CIVI	D	0.01%
DXC	B	0.01%
IAC	F	0.01%
NEU	D	0.01%
PII	F	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	C	0.01%
SMG	C	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	B	0.0%
TFSL	A	0.0%
LBRDA	C	0.0%
SEB	F	0.0%
PATH	C	0.0%
CWEN	C	0.0%
CAR	C	0.0%
LSCC	D	0.0%
PYCR	B	0.0%
MTN	C	0.0%
HCP	B	0.0%
FIVE	F	0.0%
CNA	C	0.0%
DV	C	0.0%
DDS	B	0.0%
HAS	D	0.0%
NCNO	C	0.0%
CERT	F	0.0%

VONV Underweight 96 Positions Relative to FTQI

Symbol	Grade	Weight
AAPL	C	-9.03%
MSFT	D	-8.03%
NVDA	B	-5.22%
AMZN	C	-4.39%
META	D	-4.15%
AVGO	D	-4.07%
TSLA	B	-3.05%
COST	A	-2.64%
NFLX	A	-2.4%
GOOG	C	-1.87%
GOOGL	C	-1.87%
INTU	B	-1.32%
ADBE	C	-1.22%
LLY	F	-0.9%
ORCL	A	-0.75%
CHKP	C	-0.72%
MGEE	B	-0.58%
APP	B	-0.52%
UFPI	C	-0.51%
DUOL	A	-0.48%
NOW	A	-0.46%
BGC	C	-0.39%
STX	C	-0.38%
WFRD	D	-0.31%
IESC	C	-0.31%
ANET	C	-0.29%
PAGP	A	-0.29%
BCPC	B	-0.29%
TSCO	D	-0.28%
SNY	F	-0.28%
MORN	B	-0.28%
OTTR	C	-0.27%
MEDP	D	-0.27%
AMT	C	-0.27%
AXON	A	-0.25%
ICLR	D	-0.25%
UMBF	B	-0.24%
CYBR	A	-0.24%
V	A	-0.24%
UPST	B	-0.24%
IDCC	B	-0.24%
STRL	A	-0.24%
ERIE	D	-0.22%
RVMD	C	-0.22%
PTEN	C	-0.22%
EXPE	B	-0.22%
NBIX	C	-0.21%
PODD	C	-0.2%
NTRA	A	-0.2%
MANH	D	-0.2%
MPWR	F	-0.2%
AAON	B	-0.18%
NOVT	D	-0.18%
ICUI	D	-0.18%
VRNS	D	-0.18%
GH	B	-0.17%
MDGL	B	-0.17%
WIX	A	-0.16%
ARGX	B	-0.16%
ITRI	C	-0.16%
MUSA	B	-0.16%
PCVX	D	-0.16%
BNTX	C	-0.16%
POOL	C	-0.15%
BSY	F	-0.14%
ENSG	C	-0.14%
HALO	F	-0.14%
CHDN	B	-0.14%
SFM	A	-0.13%
MRUS	F	-0.13%
CYTK	F	-0.13%
VEEV	C	-0.13%
VKTX	F	-0.12%
LANC	C	-0.12%
KRYS	C	-0.12%
TWST	F	-0.12%
UFPT	C	-0.11%
WM	B	-0.11%
SHOO	F	-0.11%
MMYT	B	-0.09%
BL	B	-0.09%
DOCU	B	-0.09%
LOGI	D	-0.09%
TRMD	F	-0.09%
CRVL	B	-0.09%
CVLT	B	-0.08%
CSWI	B	-0.07%
ASND	F	-0.05%
CVCO	A	-0.04%
RXST	F	-0.01%
TMDX	F	-0.01%
LEGN	D	-0.01%
ACLS	F	-0.01%
APLS	F	-0.01%
LNTH	D	-0.01%
SRPT	F	-0.01%