VONV vs. HAPI ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Harbor Corporate Culture ETF (HAPI)

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

HAPI

Harbor Corporate Culture ETF

HAPI Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those the advisor believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$36.20

Average Daily Volume

5,644

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	VONV	HAPI
30 Days	3.51%	2.60%
60 Days	4.96%	4.98%
90 Days	7.00%	6.65%
12 Months	29.73%	35.11%

112 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in HAPI	Overlap
A	D	0.15%	0.2%	0.15%
ACGL	D	0.14%	0.19%	0.14%
ADP	B	0.03%	0.39%	0.03%
AEE	A	0.09%	0.16%	0.09%
ALNY	D	0.02%	0.17%	0.02%
AMAT	F	0.05%	0.76%	0.05%
AMD	F	0.32%	0.67%	0.32%
AMGN	D	0.15%	0.89%	0.15%
ANSS	B	0.11%	0.09%	0.09%
AXP	A	0.38%	0.91%	0.38%
BAC	A	1.14%	1.88%	1.14%
BDX	F	0.27%	0.36%	0.27%
BG	F	0.05%	0.08%	0.05%
BKNG	A	0.04%	1.52%	0.04%
BKR	B	0.15%	0.26%	0.15%
BLDR	D	0.07%	0.19%	0.07%
BLK	C	0.58%	0.87%	0.58%
BMRN	D	0.05%	0.06%	0.05%
BR	A	0.01%	0.09%	0.01%
BRO	B	0.06%	0.14%	0.06%
BSX	B	0.49%	1.15%	0.49%
CAT	B	0.63%	1.13%	0.63%
CBOE	B	0.09%	0.12%	0.09%
CINF	A	0.09%	0.13%	0.09%
CL	D	0.14%	0.3%	0.14%
CME	A	0.32%	0.44%	0.32%
CMI	A	0.18%	0.29%	0.18%
CPT	B	0.05%	0.07%	0.05%
CRM	B	0.17%	0.94%	0.17%
CSCO	B	0.89%	0.75%	0.75%
CTVA	C	0.17%	0.31%	0.17%
CVX	A	1.03%	2.07%	1.03%
DAL	C	0.15%	0.23%	0.15%
DD	D	0.14%	0.29%	0.14%
DE	A	0.41%	0.67%	0.41%
DOC	D	0.06%	0.07%	0.06%
DOW	F	0.14%	0.29%	0.14%
DTE	C	0.1%	0.16%	0.1%
DUK	C	0.36%	0.6%	0.36%
EBAY	D	0.12%	0.29%	0.12%
ED	D	0.14%	0.23%	0.14%
EIX	B	0.13%	0.22%	0.13%
EPAM	C	0.04%	0.04%	0.04%
EQIX	A	0.33%	0.46%	0.33%
ESS	B	0.07%	0.11%	0.07%
EW	C	0.13%	0.21%	0.13%
EXC	C	0.16%	0.26%	0.16%
EXR	D	0.14%	0.2%	0.14%
F	C	0.16%	0.16%	0.16%
FCX	D	0.26%	0.61%	0.26%
FDS	B	0.04%	0.06%	0.04%
FICO	B	0.03%	0.17%	0.03%
FTNT	C	0.04%	0.18%	0.04%
GE	D	0.59%	1.05%	0.59%
GEHC	F	0.14%	0.15%	0.14%
GEV	B	0.33%	0.48%	0.33%
GILD	C	0.44%	0.65%	0.44%
GIS	D	0.15%	0.15%	0.15%
GWW	B	0.02%	0.41%	0.02%
HIG	B	0.13%	0.19%	0.13%
HLT	A	0.11%	0.58%	0.11%
HON	B	0.45%	0.95%	0.45%
HPE	B	0.1%	0.09%	0.09%
HPQ	B	0.11%	0.12%	0.11%
IBM	C	0.76%	0.6%	0.6%
INTC	D	0.37%	0.32%	0.32%
J	F	0.07%	0.05%	0.05%
JNJ	D	1.54%	2.09%	1.54%
JPM	A	2.55%	3.99%	2.55%
KKR	A	0.27%	0.5%	0.27%
KMB	D	0.11%	0.18%	0.11%
KO	D	0.43%	0.93%	0.43%
LHX	C	0.19%	0.28%	0.19%
LMT	D	0.32%	0.83%	0.32%
LUV	C	0.07%	0.1%	0.07%
MAR	B	0.24%	0.68%	0.24%
MDLZ	F	0.37%	0.35%	0.35%
MO	A	0.37%	0.38%	0.37%
MOH	F	0.03%	0.08%	0.03%
MRVL	B	0.25%	0.24%	0.24%
MS	A	0.51%	1.02%	0.51%
MSCI	C	0.07%	0.15%	0.07%
NDAQ	A	0.12%	0.16%	0.12%
NKE	D	0.14%	0.33%	0.14%
NOC	D	0.28%	0.45%	0.28%
NTAP	C	0.05%	0.08%	0.05%
OXY	D	0.13%	0.27%	0.13%
PEP	F	0.19%	0.84%	0.19%
PFE	D	0.64%	0.77%	0.64%
PFG	D	0.08%	0.12%	0.08%
PG	A	1.21%	1.56%	1.21%
PHM	D	0.11%	0.11%	0.11%
PLD	D	0.42%	0.56%	0.42%
PWR	A	0.12%	0.26%	0.12%
QCOM	F	0.05%	0.56%	0.05%
RMD	C	0.1%	0.2%	0.1%
ROK	B	0.11%	0.09%	0.09%
SBAC	D	0.1%	0.14%	0.1%
SLB	C	0.23%	0.38%	0.23%
SO	D	0.4%	0.64%	0.4%
SPG	B	0.16%	0.31%	0.16%
STLD	B	0.08%	0.2%	0.08%
STZ	D	0.15%	0.14%	0.14%
SYF	B	0.09%	0.15%	0.09%
TER	D	0.01%	0.05%	0.01%
TRMB	B	0.06%	0.05%	0.05%
TRV	B	0.22%	0.33%	0.22%
TXN	C	0.65%	0.61%	0.61%
URI	B	0.16%	0.31%	0.16%
WMB	A	0.25%	0.56%	0.25%
ZBRA	B	0.06%	0.06%	0.06%
ZTS	D	0.06%	0.46%	0.06%

VONV Overweight 730 Positions Relative to HAPI

Symbol	Grade	Weight
BRK.A	B	3.3%
XOM	B	2.1%
UNH	C	1.94%
WMT	A	1.42%
WFC	A	0.91%
LIN	D	0.88%
ACN	C	0.87%
TMO	F	0.84%
PM	B	0.83%
ABBV	D	0.82%
MCD	D	0.79%
ABT	B	0.78%
DIS	B	0.71%
VZ	C	0.71%
CMCSA	B	0.67%
T	A	0.65%
NEE	D	0.65%
RTX	C	0.64%
DHR	F	0.63%
LOW	D	0.6%
SPGI	C	0.6%
ETN	A	0.53%
COP	C	0.51%
C	A	0.49%
GS	A	0.48%
CB	C	0.46%
MDT	D	0.46%
BMY	B	0.45%
MU	D	0.44%
ADI	D	0.44%
TMUS	B	0.43%
UPS	C	0.39%
SCHW	B	0.38%
MMC	B	0.37%
SYK	C	0.36%
ICE	C	0.35%
BA	F	0.34%
WELL	A	0.33%
HD	A	0.32%
ELV	F	0.32%
GD	F	0.32%
CI	F	0.32%
REGN	F	0.32%
PYPL	B	0.32%
PH	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%
TGT	F	0.28%
CEG	D	0.28%
EOG	A	0.28%
CSX	B	0.26%
VRTX	F	0.25%
COF	B	0.25%
EMR	A	0.25%
FDX	B	0.25%
AJG	B	0.23%
OKE	A	0.23%
NSC	B	0.23%
TDG	D	0.23%
GM	B	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%
MPC	D	0.21%
O	D	0.21%
AEP	D	0.21%
TJX	A	0.21%
NEM	D	0.21%
SRE	A	0.21%
PCAR	B	0.21%
AIG	B	0.2%
CARR	D	0.2%
D	C	0.2%
DHI	D	0.2%
FIS	C	0.2%
PSX	C	0.2%
HCA	F	0.2%
CCI	D	0.19%
KMI	A	0.19%
ITW	B	0.19%
KVUE	A	0.18%
PRU	A	0.18%
PSA	D	0.18%
PEG	A	0.18%
MET	A	0.18%
ALL	A	0.17%
VLO	C	0.17%
JCI	C	0.17%
AME	A	0.17%
PCG	A	0.17%
MSI	B	0.16%
MCHP	D	0.16%
OTIS	C	0.16%
CBRE	B	0.16%
EA	A	0.16%
RSG	A	0.16%
LEN	D	0.16%
GLW	B	0.15%
KDP	D	0.15%
MCK	B	0.15%
KR	B	0.15%
DFS	B	0.15%
CTSH	B	0.15%
XEL	A	0.15%
HWM	A	0.15%
IR	B	0.15%
NUE	C	0.14%
MLM	B	0.14%
ROST	C	0.14%
MSTR	C	0.14%
AVB	B	0.13%
RCL	A	0.13%
MTB	A	0.13%
CNC	D	0.13%
IQV	D	0.13%
WAB	B	0.13%
ETR	B	0.13%
APH	A	0.13%
VICI	C	0.13%
FANG	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%
ON	D	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%
VTR	C	0.11%
EQR	B	0.11%
SW	A	0.11%
VMC	B	0.11%
AWK	D	0.11%
MTD	D	0.11%
TTWO	A	0.11%
STT	A	0.11%
RJF	A	0.11%
DELL	C	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%
LDOS	C	0.1%
SBUX	A	0.1%
FTV	C	0.1%
BIIB	F	0.1%
IFF	D	0.1%
UAL	A	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%
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%
LYB	F	0.09%
WY	D	0.09%
YUM	B	0.09%
HUBB	B	0.09%
ILMN	D	0.09%
ES	D	0.09%
FCNCA	A	0.09%
SQ	B	0.09%
APO	B	0.08%
CFG	B	0.08%
LH	C	0.08%
INVH	D	0.08%
IP	B	0.08%
ARE	D	0.08%
BBY	D	0.08%
OMC	C	0.08%
MKC	D	0.08%
ZM	B	0.08%
WBD	C	0.08%
NTRS	A	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	B	0.07%
UTHR	C	0.07%
RS	B	0.07%
SUI	D	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%
MRNA	F	0.07%
DG	F	0.07%
MAA	B	0.07%
MAS	D	0.07%
CTRA	B	0.07%
BAX	D	0.07%
BALL	D	0.07%
HOLX	D	0.07%
TRU	D	0.07%
CNP	B	0.07%
VTRS	A	0.06%
CAG	D	0.06%
UDR	B	0.06%
RGA	A	0.06%
VLTO	D	0.06%
VRSN	F	0.06%
SWKS	F	0.06%
EXPD	D	0.06%
NDSN	B	0.06%
USFD	A	0.06%
L	A	0.06%
SYY	B	0.06%
SWK	D	0.06%
ACM	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%
AVTR	F	0.06%
AKAM	D	0.06%
OC	A	0.06%
LNT	A	0.06%
IRM	D	0.06%
APTV	D	0.06%
MRO	B	0.06%
RBA	A	0.06%
HOOD	B	0.06%
FNF	B	0.06%
KIM	A	0.06%
NI	A	0.06%
GEN	B	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%
UHS	D	0.05%
UNM	A	0.05%
AMH	D	0.05%
CHRW	C	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%
JBL	B	0.05%
RPM	A	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%
GLPI	C	0.05%
REG	B	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%
FFIV	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%
WYNN	D	0.04%
FRT	B	0.04%
CRL	C	0.04%
CIEN	B	0.04%
MTCH	D	0.04%
REXR	F	0.04%
AFG	A	0.04%
AYI	B	0.04%
ALSN	B	0.04%
GL	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%
DAY	B	0.04%
PRI	A	0.04%
LKQ	D	0.04%
RGLD	C	0.04%
FOXA	B	0.04%
SOFI	A	0.04%
WTRG	B	0.04%
CNH	C	0.04%
EHC	B	0.04%
WWD	B	0.04%
ARMK	B	0.04%
DKS	C	0.04%
AIZ	A	0.04%
PNW	B	0.04%
AA	B	0.04%
SOLV	C	0.04%
DOX	D	0.04%
EL	F	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%
OVV	B	0.04%
NWSA	B	0.04%
AVY	D	0.04%
OHI	C	0.04%
RPRX	D	0.04%
KMX	B	0.04%
CTLT	B	0.04%
PFGC	B	0.04%
MKTX	D	0.04%
CUBE	D	0.04%
CAH	B	0.04%
NTNX	A	0.04%
TPR	B	0.04%
TWLO	A	0.04%
CCK	C	0.04%
CG	A	0.04%
INCY	C	0.04%
RRX	B	0.04%
IPG	D	0.04%
NRG	B	0.04%
ATR	B	0.04%
ALB	C	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%
WSM	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%
HII	D	0.03%
COLD	D	0.03%
ADC	B	0.03%
SKX	D	0.03%
SAIC	F	0.03%
SEIC	B	0.03%
WAT	B	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%
ACI	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%
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%
GPK	C	0.03%
TTC	D	0.03%
CMA	A	0.03%
APA	D	0.03%
MGM	D	0.03%
MOS	F	0.03%
BRBR	A	0.03%
LAMR	D	0.03%
CZR	F	0.03%
PTC	A	0.03%
ORI	A	0.03%
X	C	0.03%
SNX	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%
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%
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%
AMP	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%
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%
CPRT	A	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%
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 HAPI

Symbol	Grade	Weight
NVDA	C	-8.04%
AAPL	C	-5.25%
AMZN	C	-5.0%
MSFT	F	-4.3%
META	D	-3.22%
GOOGL	C	-3.2%
LLY	F	-2.89%
GOOG	C	-2.81%
MA	C	-2.54%
XLC	A	-1.59%
NFLX	A	-1.14%
ISRG	A	-1.01%
MELI	D	-0.76%
ADBE	C	-0.74%
BX	A	-0.71%
NOW	A	-0.63%
INTU	C	-0.57%
ABNB	C	-0.49%
PANW	C	-0.34%
LULU	C	-0.31%
ANET	C	-0.27%
EXPE	B	-0.26%
KLAC	D	-0.25%
SNPS	B	-0.24%
CDNS	B	-0.24%
CRWD	B	-0.21%
ADSK	A	-0.2%
SPOT	B	-0.17%
WDAY	B	-0.16%
TTD	B	-0.15%
IT	C	-0.13%
TEAM	A	-0.13%
ARES	A	-0.12%
BAH	F	-0.11%
LII	A	-0.11%
HUBS	A	-0.1%
RBLX	C	-0.07%
MDB	C	-0.05%
BSY	D	-0.03%