VONV vs. ILCB ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Morningstar U.S. Equity ETF (ILCB)

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

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ILCB
30 Days	3.51%	3.62%
60 Days	4.96%	4.81%
90 Days	7.00%	6.51%
12 Months	29.73%	32.50%

501 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ILCB	Overlap
	A	D	0.15%	0.07%	0.07%
	ABBV	D	0.82%	0.56%	0.56%
	ABT	B	0.78%	0.39%	0.39%
	ACGL	D	0.14%	0.07%	0.07%
	ACI	C	0.03%	0.01%	0.01%
	ACM	A	0.06%	0.03%	0.03%
	ACN	C	0.87%	0.43%	0.43%
	ADI	D	0.44%	0.2%	0.2%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.23%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.21%	0.1%	0.1%
	AES	F	0.05%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.23%	0.11%	0.11%
	AGR	B	0.01%	0.0%	0.0%
	AIG	B	0.2%	0.09%	0.09%
	AJG	B	0.23%	0.12%	0.12%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	C	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.1%	0.1%
	ALLE	D	0.05%	0.02%	0.02%
	ALLY	C	0.03%	0.02%	0.02%
	ALNY	D	0.02%	0.06%	0.02%
	AMAT	F	0.05%	0.27%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.32%	0.42%	0.32%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.15%	0.29%	0.15%
	AMH	D	0.05%	0.02%	0.02%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.16%	0.16%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.28%	0.14%	0.14%
	APH	A	0.13%	0.16%	0.13%
	APO	B	0.08%	0.13%	0.08%
	APTV	D	0.06%	0.02%	0.02%
	AR	B	0.03%	0.02%	0.02%
	ARE	D	0.08%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.06%	0.03%	0.03%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.11%	0.05%	0.05%
	AXP	A	0.38%	0.31%	0.31%
	AZO	C	0.02%	0.1%	0.02%
	BA	F	0.34%	0.2%	0.2%
	BAC	A	1.14%	0.61%	0.61%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.27%	0.13%	0.13%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.05%	0.02%	0.02%
	BIIB	F	0.1%	0.04%	0.04%
	BJ	A	0.04%	0.02%	0.02%
	BK	A	0.22%	0.11%	0.11%
	BKNG	A	0.04%	0.32%	0.04%
	BKR	B	0.15%	0.08%	0.08%
	BLD	D	0.04%	0.02%	0.02%
	BLDR	D	0.07%	0.04%	0.04%
	BLK	C	0.58%	0.3%	0.3%
	BMRN	D	0.05%	0.02%	0.02%
	BMY	B	0.45%	0.22%	0.22%
	BR	A	0.01%	0.05%	0.01%
	BRK.A	B	3.3%	1.63%	1.63%
	BRKR	D	0.01%	0.01%	0.01%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.49%	0.25%	0.25%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.49%	0.25%	0.25%
	CAG	D	0.06%	0.02%	0.02%
	CAH	B	0.04%	0.06%	0.04%
	CARR	D	0.2%	0.12%	0.12%
	CASY	A	0.05%	0.03%	0.03%
	CAT	B	0.63%	0.36%	0.36%
	CB	C	0.46%	0.21%	0.21%
	CBRE	B	0.16%	0.08%	0.08%
	CCI	D	0.19%	0.09%	0.09%
	CCK	C	0.04%	0.02%	0.02%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.28%	0.14%	0.14%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.04%	0.04%
	CG	A	0.04%	0.02%	0.02%
	CHD	B	0.1%	0.05%	0.05%
	CHTR	C	0.12%	0.07%	0.07%
	CI	F	0.32%	0.17%	0.17%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.14%	0.15%	0.14%
	CLH	B	0.05%	0.02%	0.02%
	CMCSA	B	0.67%	0.32%	0.32%
	CME	A	0.32%	0.16%	0.16%
	CMI	A	0.18%	0.1%	0.1%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.13%	0.06%	0.06%
	CNH	C	0.04%	0.02%	0.02%
	CNM	D	0.01%	0.01%	0.01%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.25%	0.14%	0.14%
	COIN	C	0.02%	0.12%	0.02%
	COP	C	0.51%	0.25%	0.25%
	COTY	F	0.01%	0.01%	0.01%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.01%	0.1%	0.01%
	CPT	B	0.05%	0.02%	0.02%
	CRL	C	0.04%	0.02%	0.02%
	CRM	B	0.17%	0.58%	0.17%
	CSCO	B	0.89%	0.45%	0.45%
	CSGP	D	0.12%	0.06%	0.06%
	CSL	C	0.07%	0.04%	0.04%
	CSX	B	0.26%	0.13%	0.13%
	CTAS	B	0.01%	0.14%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.07%	0.07%
	CTVA	C	0.17%	0.07%	0.07%
	CVS	D	0.29%	0.13%	0.13%
	CVX	A	1.03%	0.53%	0.53%
	D	C	0.2%	0.09%	0.09%
	DAL	C	0.15%	0.08%	0.08%
	DASH	A	0.03%	0.1%	0.03%
	DAY	B	0.04%	0.02%	0.02%
	DD	D	0.14%	0.07%	0.07%
	DE	A	0.41%	0.19%	0.19%
	DELL	C	0.11%	0.07%	0.07%
	DFS	B	0.15%	0.09%	0.09%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.2%	0.09%	0.09%
	DHR	F	0.63%	0.29%	0.29%
	DINO	D	0.02%	0.01%	0.01%
	DIS	B	0.71%	0.4%	0.4%
	DKS	C	0.04%	0.02%	0.02%
	DLR	B	0.23%	0.11%	0.11%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.1%	0.05%	0.05%
	DOW	F	0.14%	0.06%	0.06%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.36%	0.17%	0.17%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.08%	0.08%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.14%	0.06%	0.06%
	EFX	F	0.1%	0.06%	0.06%
	EG	C	0.05%	0.03%	0.03%
	EIX	B	0.13%	0.06%	0.06%
	EL	F	0.04%	0.03%	0.03%
	ELS	C	0.05%	0.02%	0.02%
	ELV	F	0.32%	0.18%	0.18%
	EME	C	0.05%	0.05%	0.05%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.25%	0.14%	0.14%
	EOG	A	0.28%	0.15%	0.15%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.33%	0.16%	0.16%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.08%	0.05%	0.05%
	ES	D	0.09%	0.04%	0.04%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.28%	0.28%
	ETR	B	0.13%	0.06%	0.06%
	EVRG	A	0.05%	0.03%	0.03%
	EW	C	0.13%	0.08%	0.08%
	EXAS	D	0.03%	0.02%	0.02%
	EXC	C	0.16%	0.08%	0.08%
	EXPD	D	0.06%	0.03%	0.03%
	EXR	D	0.14%	0.07%	0.07%
	F	C	0.16%	0.08%	0.08%
	FANG	D	0.13%	0.06%	0.06%
	FAST	B	0.03%	0.09%	0.03%
	FCNCA	A	0.09%	0.05%	0.05%
	FCX	D	0.26%	0.12%	0.12%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.25%	0.13%	0.13%
	FE	C	0.1%	0.04%	0.04%
	FFIV	B	0.05%	0.03%	0.03%
	FI	A	0.31%	0.23%	0.23%
	FICO	B	0.03%	0.11%	0.03%
	FIS	C	0.2%	0.09%	0.09%
	FITB	A	0.12%	0.06%	0.06%
	FND	C	0.03%	0.02%	0.02%
	FNF	B	0.06%	0.03%	0.03%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.04%	0.04%
	FTNT	C	0.04%	0.12%	0.04%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.32%	0.14%	0.14%
	GE	D	0.59%	0.37%	0.37%
	GEHC	F	0.14%	0.06%	0.06%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.33%	0.17%	0.17%
	GGG	B	0.05%	0.03%	0.03%
	GILD	C	0.44%	0.21%	0.21%
	GIS	D	0.15%	0.07%	0.07%
	GLPI	C	0.05%	0.02%	0.02%
	GLW	B	0.15%	0.07%	0.07%
	GM	B	0.23%	0.12%	0.12%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.06%	0.06%
	GRMN	B	0.12%	0.06%	0.06%
	GS	A	0.48%	0.37%	0.37%
	GWW	B	0.02%	0.1%	0.02%
	HAL	C	0.1%	0.05%	0.05%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.12%	0.12%
	HD	A	0.32%	0.78%	0.32%
	HES	B	0.05%	0.08%	0.05%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.03%	0.01%	0.01%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.45%	0.29%	0.29%
	HOOD	B	0.06%	0.03%	0.03%
	HPE	B	0.1%	0.05%	0.05%
	HPQ	B	0.11%	0.07%	0.07%
	HRL	D	0.04%	0.02%	0.02%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.05%	0.05%
	HUBB	B	0.09%	0.04%	0.04%
	HUM	C	0.12%	0.06%	0.06%
	HWM	A	0.15%	0.09%	0.09%
	IBKR	A	0.06%	0.04%	0.04%
	IBM	C	0.76%	0.36%	0.36%
	ICE	C	0.35%	0.17%	0.17%
	IEX	B	0.07%	0.03%	0.03%
	IFF	D	0.1%	0.04%	0.04%
	ILMN	D	0.09%	0.04%	0.04%
	INCY	C	0.04%	0.02%	0.02%
	INTC	D	0.37%	0.2%	0.2%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.13%	0.07%	0.07%
	IR	B	0.15%	0.08%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.15%	0.15%
	J	F	0.07%	0.03%	0.03%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.17%	0.11%	0.11%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	1.54%	0.71%	0.71%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.55%	1.34%	1.34%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.15%	0.07%	0.07%
	KEY	B	0.06%	0.03%	0.03%
	KEYS	A	0.1%	0.05%	0.05%
	KHC	F	0.12%	0.05%	0.05%
	KIM	A	0.06%	0.03%	0.03%
	KKR	A	0.27%	0.19%	0.19%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.19%	0.1%	0.1%
	KMX	B	0.04%	0.02%	0.02%
	KO	D	0.43%	0.46%	0.43%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.08%	0.08%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.1%	0.04%	0.04%
	LECO	B	0.03%	0.02%	0.02%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.01%	0.08%	0.01%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.19%	0.09%	0.09%
	LIN	D	0.88%	0.41%	0.41%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.22%	0.22%
	LNG	B	0.09%	0.09%	0.09%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.6%	0.3%	0.3%
	LUV	C	0.07%	0.04%	0.04%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.09%	0.04%	0.04%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.24%	0.12%	0.12%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.41%	0.41%
	MCHP	D	0.16%	0.06%	0.06%
	MCK	B	0.15%	0.15%	0.15%
	MDLZ	F	0.37%	0.17%	0.17%
	MDT	D	0.46%	0.22%	0.22%
	MET	A	0.18%	0.1%	0.1%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.04%	0.04%
	MKL	A	0.06%	0.04%	0.04%
	MLM	B	0.14%	0.07%	0.07%
	MMC	B	0.37%	0.21%	0.21%
	MMM	D	0.23%	0.14%	0.14%
	MNST	C	0.03%	0.07%	0.03%
	MO	A	0.37%	0.18%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.21%	0.1%	0.1%
	MRNA	F	0.07%	0.02%	0.02%
	MRO	B	0.06%	0.03%	0.03%
	MRVL	B	0.25%	0.15%	0.15%
	MS	A	0.51%	0.32%	0.32%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MSTR	C	0.14%	0.12%	0.12%
	MTB	A	0.13%	0.07%	0.07%
	MTD	D	0.11%	0.05%	0.05%
	MU	D	0.44%	0.21%	0.21%
	NDAQ	A	0.12%	0.06%	0.06%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.65%	0.3%	0.3%
	NEM	D	0.21%	0.09%	0.09%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.14%	0.17%	0.14%
	NOC	D	0.28%	0.14%	0.14%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.23%	0.11%	0.11%
	NTAP	C	0.05%	0.05%	0.05%
	NTNX	A	0.04%	0.03%	0.03%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.05%	0.05%
	NVT	B	0.05%	0.02%	0.02%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.21%	0.09%	0.09%
	OC	A	0.06%	0.03%	0.03%
	OKE	A	0.23%	0.12%	0.12%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.05%	0.05%
	ORLY	B	0.02%	0.14%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OVV	B	0.04%	0.02%	0.02%
	OXY	D	0.13%	0.06%	0.06%
	PAG	B	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.21%	0.11%	0.11%
	PCG	A	0.17%	0.09%	0.09%
	PEG	A	0.18%	0.09%	0.09%
	PEP	F	0.19%	0.42%	0.19%
	PFE	D	0.64%	0.27%	0.27%
	PFG	D	0.08%	0.04%	0.04%
	PFGC	B	0.04%	0.02%	0.02%
	PG	A	1.21%	0.77%	0.77%
	PGR	A	0.09%	0.29%	0.09%
	PH	A	0.32%	0.17%	0.17%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.08%	0.04%	0.04%
	PLD	D	0.42%	0.2%	0.2%
	PM	B	0.83%	0.38%	0.38%
	PNC	B	0.3%	0.16%	0.16%
	PNR	A	0.07%	0.03%	0.03%
	PPG	F	0.12%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.18%	0.09%	0.09%
	PSA	D	0.18%	0.1%	0.1%
	PSTG	D	0.01%	0.03%	0.01%
	PSX	C	0.2%	0.11%	0.11%
	PTC	A	0.03%	0.04%	0.03%
	PWR	A	0.12%	0.09%	0.09%
	PYPL	B	0.32%	0.17%	0.17%
	QCOM	F	0.05%	0.34%	0.05%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.1%	0.1%
	REG	B	0.05%	0.02%	0.02%
	REGN	F	0.32%	0.15%	0.15%
	RF	A	0.09%	0.05%	0.05%
	RGA	A	0.06%	0.03%	0.03%
	RJF	A	0.11%	0.06%	0.06%
	RMD	C	0.1%	0.07%	0.07%
	RNR	C	0.05%	0.03%	0.03%
	ROK	B	0.11%	0.06%	0.06%
	ROP	B	0.23%	0.11%	0.11%
	ROST	C	0.14%	0.09%	0.09%
	RPM	A	0.05%	0.03%	0.03%
	RPRX	D	0.04%	0.02%	0.02%
	RRX	B	0.04%	0.02%	0.02%
	RS	B	0.07%	0.03%	0.03%
	RSG	A	0.16%	0.08%	0.08%
	RTX	C	0.64%	0.3%	0.3%
	RVTY	F	0.06%	0.03%	0.03%
	SAIA	B	0.02%	0.03%	0.02%
	SBAC	D	0.1%	0.05%	0.05%
	SBUX	A	0.1%	0.22%	0.1%
	SCHW	B	0.38%	0.22%	0.22%
	SCI	B	0.05%	0.02%	0.02%
	SHW	A	0.03%	0.17%	0.03%
	SIRI	C	0.03%	0.01%	0.01%
	SJM	D	0.05%	0.02%	0.02%
	SLB	C	0.23%	0.12%	0.12%
	SNA	A	0.07%	0.04%	0.04%
	SNX	C	0.03%	0.01%	0.01%
	SO	D	0.4%	0.18%	0.18%
	SOLV	C	0.04%	0.02%	0.02%
	SPG	B	0.16%	0.11%	0.11%
	SPGI	C	0.6%	0.3%	0.3%
	SQ	B	0.09%	0.09%	0.09%
	SRE	A	0.21%	0.11%	0.11%
	SSNC	B	0.06%	0.03%	0.03%
	STE	F	0.09%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.07%	0.07%
	SUI	D	0.07%	0.03%	0.03%
	SW	A	0.11%	0.05%	0.05%
	SWK	D	0.06%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.05%	0.05%
	SYK	C	0.36%	0.27%	0.27%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.65%	0.31%	0.31%
	TAP	C	0.04%	0.02%	0.02%
	TDG	D	0.23%	0.13%	0.13%
	TDY	B	0.08%	0.04%	0.04%
	TECH	D	0.05%	0.02%	0.02%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.23%	0.12%	0.12%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.28%	0.14%	0.14%
	THC	D	0.06%	0.03%	0.03%
	TJX	A	0.21%	0.26%	0.21%
	TMO	F	0.84%	0.38%	0.38%
	TMUS	B	0.43%	0.22%	0.22%
	TOL	B	0.06%	0.03%	0.03%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	B	0.1%	0.05%	0.05%
	TRU	D	0.07%	0.04%	0.04%
	TRV	B	0.22%	0.11%	0.11%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.22%	0.18%	0.18%
	TTEK	F	0.04%	0.02%	0.02%
	TTWO	A	0.11%	0.06%	0.06%
	TW	A	0.04%	0.03%	0.03%
	TWLO	A	0.04%	0.03%	0.03%
	TXN	C	0.65%	0.35%	0.35%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.02%	0.05%	0.02%
	U	C	0.01%	0.01%	0.01%
	UAL	A	0.1%	0.06%	0.06%
	UDR	B	0.06%	0.03%	0.03%
	UHAL	D	0.02%	0.01%	0.01%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	1.05%	1.05%
	UNM	A	0.05%	0.02%	0.02%
	UNP	C	0.3%	0.28%	0.28%
	UPS	C	0.39%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.15%	0.15%
	USFD	A	0.06%	0.03%	0.03%
	UTHR	C	0.07%	0.03%	0.03%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.09%	0.09%
	VLTO	D	0.06%	0.05%	0.05%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.23%	0.23%
	VTR	C	0.11%	0.05%	0.05%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.71%	0.34%	0.34%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.03%	0.01%	0.01%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.09%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.33%	0.16%	0.16%
	WFC	A	0.91%	0.49%	0.49%
	WLK	D	0.02%	0.01%	0.01%
	WMB	A	0.25%	0.13%	0.13%
	WMS	D	0.03%	0.02%	0.02%
	WMT	A	1.42%	0.7%	0.7%
	WPC	D	0.05%	0.02%	0.02%
	WRB	A	0.07%	0.04%	0.04%
	WSM	B	0.03%	0.03%	0.03%
	WSO	A	0.07%	0.04%	0.04%
	WST	C	0.04%	0.04%	0.04%
	WTRG	B	0.04%	0.02%	0.02%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	WYNN	D	0.04%	0.02%	0.02%
	XEL	A	0.15%	0.07%	0.07%
	XOM	B	2.1%	1.02%	1.02%
	XYL	D	0.12%	0.06%	0.06%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.04%	0.04%
	ZM	B	0.08%	0.04%	0.04%
	ZTS	D	0.06%	0.15%	0.06%

VONV Overweight 345 Positions Relative to ILCB

	Symbol	Grade	Weight
	CBOE	B	0.09%
	CVNA	B	0.07%
	RBA	A	0.06%
	FTI	A	0.05%
	ITT	A	0.05%
	CHRW	C	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	CW	B	0.05%
	EWBC	A	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	FRT	B	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%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	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%
	DOX	D	0.04%
	AFRM	B	0.04%
	FBIN	D	0.04%
	SF	B	0.04%
	OHI	C	0.04%
	CTLT	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	TPR	B	0.04%
	ATR	B	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	IVZ	B	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%
	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%
	STAG	F	0.03%
	JAZZ	B	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%
	MIDD	C	0.03%
	SSD	D	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%
	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%
	SEIC	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	WTFC	A	0.03%
	BWA	D	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%
	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%
	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%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	ORI	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%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	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%
	WTM	A	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%
	SON	D	0.02%
	ST	F	0.02%
	FNB	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%
	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%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	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%
	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%
	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%
	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%
	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%
	SPB	C	0.01%
	CWEN	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%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	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%
	NXST	C	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%
	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 117 Positions Relative to ILCB

	Symbol	Grade	Weight
	NVDA	C	-6.48%
	AAPL	C	-6.21%
	MSFT	F	-5.94%
	AMZN	C	-3.7%
	META	D	-2.34%
	GOOGL	C	-1.95%
	GOOG	C	-1.74%
	TSLA	B	-1.72%
	AVGO	D	-1.45%
	LLY	F	-1.22%
	V	A	-1.0%
	MA	C	-0.82%
	COST	B	-0.78%
	NFLX	A	-0.68%
	ORCL	B	-0.57%
	MRK	F	-0.47%
	ADBE	C	-0.43%
	NOW	A	-0.4%
	INTU	C	-0.37%
	ISRG	A	-0.36%
	UBER	D	-0.28%
	BX	A	-0.25%
	PLTR	B	-0.25%
	PANW	C	-0.24%
	ANET	C	-0.19%
	LRCX	F	-0.18%
	AMT	D	-0.18%
	MELI	D	-0.18%
	KLAC	D	-0.16%
	CRWD	B	-0.15%
	CDNS	B	-0.15%
	SNPS	B	-0.15%
	WM	A	-0.15%
	CMG	B	-0.15%
	MCO	B	-0.14%
	CRH	A	-0.13%
	APP	B	-0.12%
	ADSK	A	-0.12%
	WDAY	B	-0.11%
	NXPI	D	-0.11%
	ABNB	C	-0.11%
	TTD	B	-0.1%
	TEL	B	-0.09%
	VST	B	-0.09%
	IT	C	-0.08%
	VRSK	A	-0.08%
	COR	B	-0.08%
	FERG	B	-0.08%
	SNOW	C	-0.08%
	ODFL	B	-0.08%
	TRGP	B	-0.08%
	AXON	A	-0.08%
	VRT	B	-0.08%
	HUBS	A	-0.07%
	IDXX	F	-0.07%
	LULU	C	-0.07%
	DDOG	A	-0.07%
	TEAM	A	-0.07%
	CPNG	D	-0.06%
	TSCO	D	-0.06%
	DXCM	D	-0.06%
	ARES	A	-0.06%
	VEEV	C	-0.06%
	LPLA	A	-0.05%
	GDDY	A	-0.05%
	CPAY	A	-0.05%
	RBLX	C	-0.05%
	MPWR	F	-0.05%
	TPL	A	-0.05%
	DECK	A	-0.05%
	NET	B	-0.05%
	ZS	C	-0.04%
	EXE	B	-0.04%
	BAH	F	-0.04%
	DKNG	B	-0.04%
	LYV	A	-0.04%
	LVS	C	-0.04%
	COO	D	-0.04%
	STX	D	-0.04%
	LII	A	-0.04%
	MDB	C	-0.04%
	CLX	B	-0.04%
	EXPE	B	-0.04%
	POOL	C	-0.03%
	DT	C	-0.03%
	ENTG	D	-0.03%
	ROL	B	-0.03%
	FLEX	A	-0.03%
	FIX	A	-0.03%
	DOCU	A	-0.03%
	HEI	B	-0.03%
	MANH	D	-0.03%
	PINS	D	-0.03%
	XPO	B	-0.03%
	BURL	A	-0.03%
	FWONK	B	-0.03%
	PODD	C	-0.03%
	NTRA	B	-0.03%
	MEDP	D	-0.02%
	DVA	B	-0.02%
	ENPH	F	-0.02%
	WING	D	-0.02%
	MORN	B	-0.02%
	SMCI	F	-0.02%
	SRPT	D	-0.02%
	CHDN	B	-0.02%
	ERIE	D	-0.02%
	HEI	B	-0.02%
	SNAP	C	-0.02%
	NBIX	C	-0.02%
	EQH	B	-0.02%
	CELH	F	-0.01%
	PCOR	B	-0.01%
	BSY	D	-0.01%
	AZPN	A	-0.01%
	FWONA	B	-0.0%
	ALAB	B	-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

ILCB: Top Represented Industries & Keywords

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

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