VONV vs. IUSG ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Core U.S. Growth ETF (IUSG)

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

$86.66

Average Daily Volume

368,379

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. 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. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$137.37

Average Daily Volume

436,059

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	VONV	IUSG
30 Days	3.35%	3.53%
60 Days	4.79%	5.09%
90 Days	6.84%	6.52%
12 Months	29.53%	37.61%

334 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in IUSG	Overlap
	ABBV	D	0.82%	0.36%	0.36%
	ACGL	D	0.14%	0.12%	0.12%
	ACHC	F	0.02%	0.01%	0.01%
	ACM	B	0.06%	0.02%	0.02%
	ACN	C	0.87%	0.39%	0.39%
	ADI	D	0.44%	0.2%	0.2%
	ADP	B	0.03%	0.16%	0.03%
	AJG	B	0.23%	0.11%	0.11%
	AKAM	D	0.06%	0.02%	0.02%
	ALGM	D	0.01%	0.0%	0.0%
	ALGN	F	0.03%	0.03%	0.03%
	ALLE	D	0.05%	0.02%	0.02%
	AM	A	0.01%	0.01%	0.01%
	AMAT	F	0.05%	0.46%	0.05%
	AMD	F	0.32%	0.74%	0.32%
	AME	A	0.17%	0.07%	0.07%
	AMED	F	0.01%	0.0%	0.0%
	AMH	D	0.05%	0.02%	0.02%
	AMP	A	0.02%	0.1%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.14%	0.14%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.03%	0.03%
	APH	A	0.13%	0.16%	0.13%
	ATR	B	0.04%	0.02%	0.02%
	AVTR	F	0.06%	0.02%	0.02%
	AXP	A	0.38%	0.37%	0.37%
	AXTA	A	0.03%	0.03%	0.03%
	AYI	B	0.04%	0.02%	0.02%
	AZO	C	0.02%	0.12%	0.02%
	AZTA	D	0.01%	0.0%	0.0%
	BA	F	0.34%	0.15%	0.15%
	BC	C	0.02%	0.01%	0.01%
	BKNG	A	0.04%	0.55%	0.04%
	BLD	D	0.04%	0.03%	0.03%
	BLDR	D	0.07%	0.07%	0.07%
	BMRN	D	0.05%	0.02%	0.02%
	BR	A	0.01%	0.05%	0.01%
	BRBR	A	0.03%	0.02%	0.02%
	BRKR	D	0.01%	0.01%	0.01%
	BRO	B	0.06%	0.07%	0.06%
	BRX	A	0.03%	0.01%	0.01%
	BSX	B	0.49%	0.24%	0.24%
	BWXT	B	0.04%	0.04%	0.04%
	BYD	C	0.02%	0.02%	0.02%
	CACI	D	0.05%	0.01%	0.01%
	CAR	C	0.0%	0.01%	0.0%
	CARR	D	0.2%	0.1%	0.1%
	CASY	A	0.05%	0.05%	0.05%
	CAT	B	0.63%	0.35%	0.35%
	CBOE	B	0.09%	0.05%	0.05%
	CBSH	A	0.03%	0.01%	0.01%
	CCK	C	0.04%	0.02%	0.02%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.04%	0.03%	0.03%
	CEG	D	0.28%	0.11%	0.11%
	CF	B	0.06%	0.03%	0.03%
	CFR	B	0.03%	0.01%	0.01%
	CG	A	0.04%	0.02%	0.02%
	CGNX	C	0.03%	0.01%	0.01%
	CHD	B	0.1%	0.04%	0.04%
	CHE	D	0.03%	0.02%	0.02%
	CHH	A	0.0%	0.0%	0.0%
	CHRD	D	0.03%	0.03%	0.03%
	CHTR	C	0.12%	0.06%	0.06%
	CIEN	B	0.04%	0.01%	0.01%
	CIVI	D	0.01%	0.01%	0.01%
	CL	D	0.14%	0.1%	0.1%
	CLH	B	0.05%	0.04%	0.04%
	CME	A	0.32%	0.1%	0.1%
	CNM	D	0.01%	0.02%	0.01%
	COKE	C	0.03%	0.02%	0.02%
	COLM	B	0.01%	0.0%	0.0%
	COP	C	0.51%	0.3%	0.3%
	COTY	F	0.01%	0.01%	0.01%
	CPRI	F	0.01%	0.0%	0.0%
	CPRT	A	0.01%	0.16%	0.01%
	CR	A	0.03%	0.03%	0.03%
	CRM	B	0.17%	1.03%	0.17%
	CROX	D	0.02%	0.02%	0.02%
	CRUS	D	0.02%	0.01%	0.01%
	CSGP	D	0.12%	0.04%	0.04%
	CSL	C	0.07%	0.07%	0.07%
	CSX	B	0.26%	0.11%	0.11%
	CTAS	B	0.01%	0.14%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CUBE	D	0.04%	0.02%	0.02%
	CW	B	0.05%	0.03%	0.03%
	CZR	F	0.03%	0.02%	0.02%
	DAL	C	0.15%	0.08%	0.08%
	DAY	B	0.04%	0.02%	0.02%
	DBX	B	0.02%	0.02%	0.02%
	DCI	B	0.04%	0.02%	0.02%
	DE	A	0.41%	0.19%	0.19%
	DELL	C	0.11%	0.07%	0.07%
	DFS	B	0.15%	0.08%	0.08%
	DHI	D	0.2%	0.16%	0.16%
	DKS	C	0.04%	0.02%	0.02%
	DLB	B	0.02%	0.01%	0.01%
	DLR	B	0.23%	0.08%	0.08%
	DOCS	C	0.02%	0.01%	0.01%
	DPZ	C	0.04%	0.02%	0.02%
	DRI	B	0.04%	0.03%	0.03%
	DTM	B	0.04%	0.02%	0.02%
	EA	A	0.16%	0.06%	0.06%
	ECL	D	0.03%	0.1%	0.03%
	EEFT	B	0.02%	0.01%	0.01%
	EFX	F	0.1%	0.04%	0.04%
	EGP	F	0.03%	0.02%	0.02%
	EHC	B	0.04%	0.02%	0.02%
	ELS	C	0.05%	0.03%	0.03%
	EME	C	0.05%	0.08%	0.05%
	EOG	A	0.28%	0.17%	0.17%
	EPAM	C	0.04%	0.02%	0.02%
	EPR	D	0.01%	0.01%	0.01%
	EQIX	A	0.33%	0.14%	0.14%
	ESAB	B	0.03%	0.02%	0.02%
	ETN	A	0.53%	0.3%	0.3%
	EVR	B	0.04%	0.02%	0.02%
	EW	C	0.13%	0.05%	0.05%
	EWBC	A	0.05%	0.03%	0.03%
	EXEL	B	0.01%	0.03%	0.01%
	EXP	A	0.01%	0.03%	0.01%
	EXPD	D	0.06%	0.02%	0.02%
	FANG	D	0.13%	0.11%	0.11%
	FAST	B	0.03%	0.08%	0.03%
	FBIN	D	0.04%	0.01%	0.01%
	FCN	D	0.03%	0.02%	0.02%
	FCX	D	0.26%	0.1%	0.1%
	FDS	B	0.04%	0.03%	0.03%
	FI	A	0.31%	0.21%	0.21%
	FICO	B	0.03%	0.18%	0.03%
	FIVE	F	0.0%	0.02%	0.0%
	FLS	B	0.03%	0.01%	0.01%
	FND	C	0.03%	0.04%	0.03%
	FR	D	0.03%	0.01%	0.01%
	FTNT	C	0.04%	0.19%	0.04%
	FTV	C	0.1%	0.09%	0.09%
	GE	D	0.59%	0.27%	0.27%
	GEV	B	0.33%	0.13%	0.13%
	GGG	B	0.05%	0.05%	0.05%
	GLPI	C	0.05%	0.02%	0.02%
	GNRC	B	0.02%	0.02%	0.02%
	GNTX	C	0.03%	0.01%	0.01%
	GRMN	B	0.12%	0.06%	0.06%
	GWW	B	0.02%	0.13%	0.02%
	GXO	B	0.03%	0.01%	0.01%
	H	B	0.02%	0.02%	0.02%
	HCA	F	0.2%	0.1%	0.1%
	HD	A	0.32%	0.49%	0.32%
	HES	B	0.05%	0.13%	0.05%
	HLI	B	0.03%	0.03%	0.03%
	HLT	A	0.11%	0.2%	0.11%
	HRB	D	0.03%	0.03%	0.03%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.03%	0.03%
	HUBB	B	0.09%	0.04%	0.04%
	HWM	A	0.15%	0.09%	0.09%
	HXL	D	0.02%	0.01%	0.01%
	IBKR	A	0.06%	0.04%	0.04%
	IDA	A	0.02%	0.01%	0.01%
	INGR	B	0.03%	0.01%	0.01%
	IPGP	D	0.01%	0.0%	0.0%
	IQV	D	0.13%	0.04%	0.04%
	IR	B	0.15%	0.1%	0.1%
	IRDM	D	0.01%	0.01%	0.01%
	IRM	D	0.06%	0.06%	0.06%
	ITT	A	0.05%	0.04%	0.04%
	ITW	B	0.19%	0.11%	0.11%
	JAZZ	B	0.03%	0.01%	0.01%
	JBL	B	0.05%	0.03%	0.03%
	KBR	F	0.03%	0.01%	0.01%
	KEX	C	0.03%	0.01%	0.01%
	KKR	A	0.27%	0.34%	0.27%
	KO	D	0.43%	0.31%	0.31%
	LAMR	D	0.03%	0.02%	0.02%
	LECO	B	0.03%	0.04%	0.03%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LFUS	F	0.02%	0.01%	0.01%
	LIN	D	0.88%	0.37%	0.37%
	LOPE	B	0.01%	0.02%	0.01%
	LPX	B	0.01%	0.01%	0.01%
	LSCC	D	0.0%	0.02%	0.0%
	LSTR	D	0.03%	0.01%	0.01%
	LW	C	0.03%	0.02%	0.02%
	MAR	B	0.24%	0.21%	0.21%
	MAS	D	0.07%	0.03%	0.03%
	MASI	A	0.01%	0.02%	0.01%
	MAT	D	0.03%	0.01%	0.01%
	MCD	D	0.79%	0.3%	0.3%
	MCHP	F	0.16%	0.07%	0.07%
	MDLZ	F	0.37%	0.12%	0.12%
	MGM	D	0.03%	0.02%	0.02%
	MIDD	C	0.03%	0.01%	0.01%
	MKSI	C	0.03%	0.01%	0.01%
	MLM	B	0.14%	0.08%	0.08%
	MMC	B	0.37%	0.19%	0.19%
	MNST	C	0.03%	0.08%	0.03%
	MOH	F	0.03%	0.03%	0.03%
	MPC	D	0.21%	0.1%	0.1%
	MRO	B	0.06%	0.03%	0.03%
	MSA	D	0.02%	0.02%	0.02%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MSM	C	0.01%	0.01%	0.01%
	MTD	D	0.11%	0.03%	0.03%
	MTDR	B	0.02%	0.02%	0.02%
	MTG	C	0.03%	0.01%	0.01%
	MTN	C	0.0%	0.01%	0.0%
	MTSI	B	0.03%	0.01%	0.01%
	NEU	C	0.01%	0.01%	0.01%
	NKE	D	0.14%	0.13%	0.13%
	NNN	D	0.03%	0.01%	0.01%
	NSA	D	0.01%	0.0%	0.0%
	NTAP	C	0.05%	0.03%	0.03%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.09%	0.09%
	NVT	B	0.05%	0.04%	0.04%
	NYT	C	0.04%	0.03%	0.03%
	OC	A	0.06%	0.06%	0.06%
	OHI	C	0.04%	0.01%	0.01%
	OKE	A	0.23%	0.14%	0.14%
	OLED	D	0.02%	0.02%	0.02%
	OLLI	D	0.02%	0.02%	0.02%
	OLN	D	0.02%	0.01%	0.01%
	ON	D	0.12%	0.04%	0.04%
	ONTO	D	0.03%	0.03%	0.03%
	ORLY	B	0.02%	0.17%	0.02%
	OTIS	C	0.16%	0.05%	0.05%
	OVV	B	0.04%	0.04%	0.04%
	OZK	B	0.02%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.06%	0.06%
	PCAR	B	0.21%	0.14%	0.14%
	PEP	F	0.19%	0.26%	0.19%
	PG	A	1.21%	0.52%	0.52%
	PGR	A	0.09%	0.25%	0.09%
	PH	A	0.32%	0.23%	0.23%
	PHM	D	0.11%	0.09%	0.09%
	PK	B	0.01%	0.01%	0.01%
	PLNT	A	0.01%	0.03%	0.01%
	PM	B	0.83%	0.25%	0.25%
	PNFP	B	0.03%	0.01%	0.01%
	PNR	A	0.07%	0.04%	0.04%
	PR	B	0.03%	0.03%	0.03%
	PRI	A	0.04%	0.03%	0.03%
	PSA	D	0.18%	0.07%	0.07%
	PSN	D	0.02%	0.01%	0.01%
	PSTG	D	0.01%	0.05%	0.01%
	PTC	A	0.03%	0.05%	0.03%
	PWR	A	0.12%	0.11%	0.11%
	QCOM	F	0.05%	0.31%	0.05%
	RBC	A	0.03%	0.03%	0.03%
	RCL	A	0.13%	0.18%	0.13%
	REGN	F	0.32%	0.16%	0.16%
	REXR	F	0.04%	0.01%	0.01%
	RGEN	D	0.03%	0.02%	0.02%
	RGLD	C	0.04%	0.02%	0.02%
	RH	B	0.02%	0.01%	0.01%
	RL	B	0.03%	0.02%	0.02%
	RLI	B	0.02%	0.02%	0.02%
	RNR	C	0.05%	0.02%	0.02%
	ROIV	C	0.02%	0.01%	0.01%
	ROK	B	0.11%	0.05%	0.05%
	ROP	B	0.23%	0.08%	0.08%
	ROST	C	0.14%	0.15%	0.14%
	RPM	A	0.05%	0.03%	0.03%
	RRC	B	0.03%	0.03%	0.03%
	RS	B	0.07%	0.06%	0.06%
	RSG	A	0.16%	0.08%	0.08%
	RYN	D	0.02%	0.01%	0.01%
	SAIA	B	0.02%	0.04%	0.02%
	SAIC	F	0.03%	0.01%	0.01%
	SAM	C	0.01%	0.0%	0.0%
	SBAC	D	0.1%	0.03%	0.03%
	SBUX	A	0.1%	0.22%	0.1%
	SCI	B	0.05%	0.02%	0.02%
	SEIC	B	0.03%	0.01%	0.01%
	SHC	F	0.01%	0.01%	0.01%
	SHW	A	0.03%	0.14%	0.03%
	SKX	D	0.03%	0.03%	0.03%
	SLM	A	0.02%	0.01%	0.01%
	SMG	D	0.01%	0.0%	0.0%
	SNA	A	0.07%	0.03%	0.03%
	SPG	B	0.16%	0.07%	0.07%
	SPGI	C	0.6%	0.23%	0.23%
	SSD	D	0.03%	0.02%	0.02%
	STAG	F	0.03%	0.01%	0.01%
	STE	F	0.09%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	SYK	C	0.36%	0.28%	0.28%
	TDG	D	0.23%	0.23%	0.23%
	TJX	A	0.21%	0.29%	0.21%
	TKO	B	0.03%	0.01%	0.01%
	TKR	D	0.02%	0.01%	0.01%
	TMO	F	0.84%	0.24%	0.24%
	TNL	A	0.01%	0.01%	0.01%
	TOL	B	0.06%	0.05%	0.05%
	TT	A	0.22%	0.21%	0.21%
	TTC	D	0.03%	0.01%	0.01%
	TTEK	F	0.04%	0.04%	0.04%
	TTWO	A	0.11%	0.05%	0.05%
	TXN	C	0.65%	0.22%	0.22%
	TYL	C	0.02%	0.08%	0.02%
	ULTA	F	0.01%	0.04%	0.01%
	UNH	C	1.94%	0.67%	0.67%
	UNP	C	0.3%	0.21%	0.21%
	URI	B	0.16%	0.18%	0.16%
	UTHR	C	0.07%	0.02%	0.02%
	VMC	B	0.11%	0.08%	0.08%
	VNT	B	0.02%	0.02%	0.02%
	VOYA	B	0.03%	0.01%	0.01%
	VRSN	F	0.06%	0.02%	0.02%
	VRTX	F	0.25%	0.24%	0.24%
	WAL	B	0.04%	0.02%	0.02%
	WAT	B	0.03%	0.03%	0.03%
	WEN	D	0.01%	0.01%	0.01%
	WEX	D	0.03%	0.02%	0.02%
	WH	B	0.02%	0.02%	0.02%
	WLK	D	0.02%	0.01%	0.01%
	WMB	A	0.25%	0.09%	0.09%
	WMS	D	0.03%	0.03%	0.03%
	WSM	B	0.03%	0.06%	0.03%
	WSO	A	0.07%	0.06%	0.06%
	WST	C	0.04%	0.07%	0.04%
	WTRG	B	0.04%	0.02%	0.02%
	WWD	B	0.04%	0.03%	0.03%
	WYNN	D	0.04%	0.03%	0.03%
	YETI	C	0.01%	0.01%	0.01%
	YUM	B	0.09%	0.06%	0.06%
	ZI	D	0.01%	0.0%	0.0%
	ZTS	D	0.06%	0.14%	0.06%

VONV Overweight 508 Positions Relative to IUSG

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	JNJ	D	1.54%
	WMT	A	1.42%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	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	D	0.65%
	PFE	D	0.64%
	RTX	C	0.64%
	DHR	F	0.63%
	LOW	D	0.6%
	BLK	C	0.58%
	MS	A	0.51%
	C	A	0.49%
	GS	A	0.48%
	CB	C	0.46%
	MDT	D	0.46%
	BMY	B	0.45%
	HON	B	0.45%
	MU	D	0.44%
	GILD	C	0.44%
	TMUS	B	0.43%
	PLD	D	0.42%
	SO	D	0.4%
	UPS	C	0.39%
	SCHW	B	0.38%
	INTC	D	0.37%
	MO	A	0.37%
	DUK	C	0.36%
	ICE	C	0.35%
	WELL	A	0.33%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	CI	F	0.32%
	PYPL	B	0.32%
	PNC	B	0.3%
	USB	A	0.3%
	CVS	D	0.29%
	APD	A	0.28%
	TGT	F	0.28%
	NOC	D	0.28%
	BDX	F	0.27%
	COF	B	0.25%
	EMR	A	0.25%
	FDX	B	0.25%
	MRVL	B	0.25%
	NSC	B	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	BK	A	0.22%
	TRV	B	0.22%
	O	D	0.21%
	AEP	D	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	AIG	B	0.2%
	D	C	0.2%
	FIS	C	0.2%
	PSX	C	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	KVUE	A	0.18%
	PRU	A	0.18%
	PEG	A	0.18%
	CMI	A	0.18%
	MET	A	0.18%
	ALL	A	0.17%
	VLO	C	0.17%
	JCI	C	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	EXC	C	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	GLW	B	0.15%
	KDP	D	0.15%
	MCK	B	0.15%
	KR	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	AMGN	D	0.15%
	GIS	D	0.15%
	BKR	B	0.15%
	A	D	0.15%
	EXR	D	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	GEHC	F	0.14%
	ED	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	CNC	D	0.13%
	WAB	B	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	XYL	D	0.12%
	KHC	F	0.12%
	FITB	A	0.12%
	WEC	A	0.12%
	NDAQ	A	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	HPQ	A	0.11%
	GPN	B	0.11%
	VTR	C	0.11%
	EQR	B	0.11%
	KMB	D	0.11%
	SW	A	0.11%
	AWK	D	0.11%
	STT	A	0.11%
	RJF	A	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	0.1%
	HAL	C	0.1%
	LDOS	C	0.1%
	HPE	B	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	DTE	C	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	SYF	B	0.09%
	ZBH	C	0.09%
	RF	A	0.09%
	HBAN	A	0.09%
	LYB	F	0.09%
	WY	D	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	A	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%
	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%
	SUI	D	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%
	ESS	B	0.07%
	BAX	D	0.07%
	BALL	D	0.07%
	LUV	C	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%
	SWKS	F	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SYY	B	0.06%
	SWK	D	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	ZBRA	B	0.06%
	LNT	A	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%
	GEN	B	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	WPC	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	EG	C	0.05%
	DLTR	F	0.05%
	REG	B	0.05%
	JKHY	D	0.05%
	EVRG	A	0.05%
	FFIV	B	0.05%
	FYBR	D	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	HRL	D	0.04%
	TW	A	0.04%
	CPB	D	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	MTCH	D	0.04%
	AFG	A	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	TAP	C	0.04%
	LKQ	D	0.04%
	FOXA	B	0.04%
	SOFI	A	0.04%
	CNH	C	0.04%
	ARMK	B	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	A	0.04%
	SF	B	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CAH	B	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ALB	C	0.04%
	BJ	A	0.04%
	ARW	D	0.03%
	OKTA	C	0.03%
	IVZ	B	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	FAF	A	0.03%
	ATI	D	0.03%
	SIRI	C	0.03%
	BFAM	D	0.03%
	PB	A	0.03%
	PARA	C	0.03%
	OSK	B	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	WBA	F	0.03%
	RHI	B	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	DASH	A	0.03%
	BIO	D	0.03%
	MHK	D	0.03%
	LBRDK	C	0.03%
	SNV	B	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%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	BWA	D	0.03%
	EXAS	D	0.03%
	MTZ	B	0.03%
	APG	B	0.03%
	OGE	B	0.03%
	JEF	A	0.03%
	BERY	B	0.03%
	FMC	D	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	GMED	A	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	CMA	A	0.03%
	MOS	F	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	HOG	D	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%
	GAP	B	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	TPG	A	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	BILL	A	0.02%
	XRAY	F	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	AVT	C	0.02%
	OGN	D	0.02%
	SN	D	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%
	FOX	A	0.02%
	KD	B	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	0.02%
	POST	C	0.02%
	LEA	D	0.02%
	PVH	C	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	MDU	D	0.02%
	LNC	B	0.02%
	BEN	C	0.02%
	S	B	0.02%
	COLB	A	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	STWD	C	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	B	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	D	0.01%
	REYN	D	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	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%
	CRI	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	ETSY	D	0.01%
	AAP	C	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	ENOV	C	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	HHH	B	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	AGR	B	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	AMKR	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	FHB	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	A	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	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%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	C	0.0%
	DJT	C	0.0%
	PYCR	C	0.0%
	HCP	B	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 154 Positions Relative to IUSG

	Symbol	Grade	Weight
	NVDA	C	-11.91%
	AAPL	C	-11.43%
	MSFT	F	-10.23%
	AMZN	C	-6.3%
	META	D	-4.04%
	GOOGL	C	-3.44%
	TSLA	B	-3.16%
	GOOG	C	-2.84%
	AVGO	D	-2.54%
	LLY	F	-1.9%
	NFLX	A	-1.23%
	V	A	-1.13%
	MA	C	-1.02%
	ORCL	B	-0.99%
	ADBE	C	-0.73%
	NOW	A	-0.69%
	INTU	C	-0.59%
	COST	B	-0.57%
	UBER	D	-0.48%
	ISRG	A	-0.42%
	PLTR	B	-0.42%
	PANW	C	-0.41%
	BX	A	-0.32%
	ANET	C	-0.32%
	MRK	F	-0.32%
	LRCX	F	-0.3%
	CMG	B	-0.27%
	CRWD	B	-0.27%
	SNPS	B	-0.27%
	CDNS	B	-0.27%
	KLAC	D	-0.27%
	VST	B	-0.18%
	TRGP	B	-0.15%
	NXPI	D	-0.14%
	AXON	A	-0.14%
	AMT	D	-0.13%
	IT	C	-0.13%
	ODFL	B	-0.13%
	WM	A	-0.12%
	ADSK	A	-0.11%
	MCO	B	-0.11%
	LULU	C	-0.11%
	ABNB	C	-0.1%
	GDDY	A	-0.09%
	DECK	A	-0.09%
	MPWR	F	-0.09%
	CPAY	A	-0.08%
	LII	A	-0.07%
	LYV	A	-0.07%
	VRSK	A	-0.07%
	EXPE	B	-0.07%
	FIX	A	-0.06%
	TEL	B	-0.06%
	TPL	A	-0.06%
	DXCM	D	-0.06%
	IDXX	F	-0.06%
	SMCI	F	-0.05%
	DT	C	-0.05%
	MANH	D	-0.05%
	LVS	C	-0.04%
	NCLH	B	-0.04%
	DUOL	A	-0.04%
	NBIX	C	-0.04%
	TSCO	D	-0.04%
	TXRH	C	-0.04%
	UFPI	B	-0.03%
	POOL	C	-0.03%
	HLNE	B	-0.03%
	MEDP	D	-0.03%
	LNW	D	-0.03%
	XPO	B	-0.03%
	SRPT	D	-0.03%
	ENSG	D	-0.03%
	COO	D	-0.03%
	STX	D	-0.03%
	PCTY	B	-0.03%
	AAON	B	-0.03%
	FN	D	-0.03%
	MORN	B	-0.03%
	TPX	B	-0.03%
	PEN	B	-0.03%
	MUSA	A	-0.03%
	WING	D	-0.03%
	AIT	A	-0.03%
	CHDN	B	-0.03%
	KNSL	B	-0.03%
	BURL	A	-0.03%
	HQY	B	-0.02%
	VVV	F	-0.02%
	QLYS	C	-0.02%
	NXT	C	-0.02%
	APPF	B	-0.02%
	LNTH	D	-0.02%
	RMBS	C	-0.02%
	HALO	F	-0.02%
	WTS	B	-0.02%
	CNX	A	-0.02%
	WFRD	D	-0.02%
	ALTR	B	-0.02%
	ROL	B	-0.02%
	SFM	A	-0.02%
	ERIE	D	-0.02%
	FOUR	B	-0.02%
	ELF	C	-0.02%
	PODD	C	-0.02%
	GTLS	B	-0.02%
	RYAN	B	-0.02%
	ANF	C	-0.02%
	TREX	C	-0.02%
	HGV	B	-0.01%
	IBOC	A	-0.01%
	ENS	D	-0.01%
	POWI	D	-0.01%
	LANC	C	-0.01%
	OPCH	D	-0.01%
	TEX	D	-0.01%
	BLKB	B	-0.01%
	CHWY	B	-0.01%
	GATX	A	-0.01%
	MUR	D	-0.01%
	FFIN	B	-0.01%
	ARWR	F	-0.01%
	HWC	B	-0.01%
	EQH	B	-0.01%
	EXPO	D	-0.01%
	CYTK	F	-0.01%
	HAE	C	-0.01%
	KBH	D	-0.01%
	TDC	D	-0.01%
	VAL	D	-0.01%
	ENPH	F	-0.01%
	SLAB	D	-0.01%
	AZPN	A	-0.01%
	SIGI	C	-0.01%
	ALTM	C	-0.01%
	VNOM	A	-0.01%
	NOVT	D	-0.01%
	MMS	F	-0.01%
	WMG	C	-0.01%
	EXLS	B	-0.01%
	BCO	D	-0.01%
	DVA	B	-0.01%
	KNF	A	-0.01%
	FCFS	F	-0.01%
	CHX	C	-0.01%
	CBT	C	-0.01%
	CELH	F	-0.01%
	ALV	C	-0.01%
	CVLT	B	-0.01%
	LIVN	F	-0.0%
	VC	D	-0.0%
	SYNA	C	-0.0%
	NSP	D	-0.0%
	CDP	C	-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

IUSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Semiconductors Oil & Gas E&P Biotechnology Building Materials Specialty Retail Diagnostics & Research Specialty Chemicals Restaurants Banks - Regional - US Leisure Semiconductor Equipment & Materials Software - Infrastructure Asset Management Capital Markets Medical Care Medical Devices REIT - Industrial

Keywords: S&P 500 Nasdaq 100 Computing Electronics Natural Gas Chemical Mining Semiconductor Aerospace Insurance Construction IBD 50 Integrated Circuits Medicine Building Materials Dow Jones Component Real Estate Investment Trust Telecommunications Banking Transport