VONV vs. IWR ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Russell Mid-Cap ETF (IWR)

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

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of 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 the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

Performance

Period	VONV	IWR
30 Days	3.51%	6.87%
60 Days	4.96%	7.84%
90 Days	7.00%	9.96%
12 Months	29.73%	34.02%

685 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in IWR	Overlap
	A	D	0.15%	0.31%	0.15%
	AA	B	0.04%	0.09%	0.04%
	AAL	B	0.03%	0.08%	0.03%
	AAP	C	0.01%	0.02%	0.01%
	ACGL	D	0.14%	0.3%	0.14%
	ACHC	F	0.02%	0.03%	0.02%
	ACI	C	0.03%	0.07%	0.03%
	ACM	A	0.06%	0.12%	0.06%
	ADC	B	0.03%	0.06%	0.03%
	ADM	D	0.11%	0.21%	0.11%
	AEE	A	0.09%	0.2%	0.09%
	AES	F	0.05%	0.08%	0.05%
	AFG	A	0.04%	0.08%	0.04%
	AFL	B	0.23%	0.51%	0.23%
	AFRM	B	0.04%	0.11%	0.04%
	AGCO	D	0.02%	0.05%	0.02%
	AGNC	D	0.03%	0.06%	0.03%
	AGO	B	0.02%	0.04%	0.02%
	AGR	B	0.01%	0.02%	0.01%
	AIZ	A	0.04%	0.09%	0.04%
	AJG	B	0.23%	0.52%	0.23%
	AKAM	D	0.06%	0.11%	0.06%
	AL	B	0.02%	0.04%	0.02%
	ALB	C	0.04%	0.1%	0.04%
	ALGM	D	0.01%	0.02%	0.01%
	ALGN	D	0.03%	0.14%	0.03%
	ALK	C	0.02%	0.06%	0.02%
	ALL	A	0.17%	0.43%	0.17%
	ALLE	D	0.05%	0.1%	0.05%
	ALLY	C	0.03%	0.08%	0.03%
	ALNY	D	0.02%	0.24%	0.02%
	ALSN	B	0.04%	0.08%	0.04%
	AM	A	0.01%	0.04%	0.01%
	AMCR	D	0.06%	0.12%	0.06%
	AME	A	0.17%	0.37%	0.17%
	AMED	F	0.01%	0.02%	0.01%
	AMG	B	0.02%	0.05%	0.02%
	AMH	D	0.05%	0.1%	0.05%
	AMKR	D	0.01%	0.02%	0.01%
	AMP	A	0.02%	0.46%	0.02%
	AN	C	0.02%	0.03%	0.02%
	ANSS	B	0.11%	0.24%	0.11%
	AOS	F	0.04%	0.07%	0.04%
	APA	D	0.03%	0.07%	0.03%
	APG	B	0.03%	0.07%	0.03%
	APTV	D	0.06%	0.12%	0.06%
	AR	B	0.03%	0.07%	0.03%
	ARE	D	0.08%	0.15%	0.08%
	ARMK	B	0.04%	0.08%	0.04%
	ARW	D	0.03%	0.05%	0.03%
	ASH	D	0.02%	0.03%	0.02%
	ATI	D	0.03%	0.06%	0.03%
	ATO	A	0.08%	0.18%	0.08%
	ATR	B	0.04%	0.09%	0.04%
	AVB	B	0.13%	0.27%	0.13%
	AVT	C	0.02%	0.04%	0.02%
	AVTR	F	0.06%	0.12%	0.06%
	AVY	D	0.04%	0.13%	0.04%
	AWI	A	0.02%	0.06%	0.02%
	AWK	D	0.11%	0.22%	0.11%
	AXS	A	0.02%	0.06%	0.02%
	AXTA	A	0.03%	0.07%	0.03%
	AYI	B	0.04%	0.08%	0.04%
	AZEK	A	0.01%	0.05%	0.01%
	AZTA	D	0.01%	0.02%	0.01%
	BALL	D	0.07%	0.15%	0.07%
	BAX	D	0.07%	0.13%	0.07%
	BBWI	D	0.03%	0.06%	0.03%
	BBY	D	0.08%	0.16%	0.08%
	BC	C	0.02%	0.04%	0.02%
	BEN	C	0.02%	0.05%	0.02%
	BERY	B	0.03%	0.06%	0.03%
	BFAM	D	0.03%	0.05%	0.03%
	BG	F	0.05%	0.1%	0.05%
	BHF	B	0.01%	0.03%	0.01%
	BIIB	F	0.1%	0.19%	0.1%
	BILL	A	0.02%	0.07%	0.02%
	BIO	D	0.03%	0.05%	0.03%
	BIRK	D	0.01%	0.01%	0.01%
	BJ	A	0.04%	0.1%	0.04%
	BK	A	0.22%	0.48%	0.22%
	BKR	B	0.15%	0.35%	0.15%
	BLD	D	0.04%	0.09%	0.04%
	BLDR	D	0.07%	0.17%	0.07%
	BMRN	D	0.05%	0.1%	0.05%
	BOKF	B	0.01%	0.02%	0.01%
	BPOP	B	0.02%	0.06%	0.02%
	BR	A	0.01%	0.22%	0.01%
	BRBR	A	0.03%	0.08%	0.03%
	BRKR	D	0.01%	0.05%	0.01%
	BRO	B	0.06%	0.22%	0.06%
	BROS	B	0.01%	0.04%	0.01%
	BRX	A	0.03%	0.07%	0.03%
	BWA	D	0.03%	0.06%	0.03%
	BWXT	B	0.04%	0.1%	0.04%
	BXP	D	0.05%	0.1%	0.05%
	BYD	C	0.02%	0.04%	0.02%
	CACC	D	0.0%	0.02%	0.0%
	CACI	D	0.05%	0.09%	0.05%
	CAG	D	0.06%	0.1%	0.06%
	CAH	B	0.04%	0.24%	0.04%
	CAR	C	0.0%	0.01%	0.0%
	CASY	A	0.05%	0.12%	0.05%
	CBOE	B	0.09%	0.17%	0.09%
	CBRE	B	0.16%	0.33%	0.16%
	CBSH	A	0.03%	0.07%	0.03%
	CC	C	0.01%	0.02%	0.01%
	CCI	D	0.19%	0.37%	0.19%
	CCK	C	0.04%	0.09%	0.04%
	CCL	B	0.09%	0.2%	0.09%
	CDW	F	0.05%	0.2%	0.05%
	CE	F	0.04%	0.07%	0.04%
	CERT	F	0.0%	0.01%	0.0%
	CF	B	0.06%	0.13%	0.06%
	CFG	B	0.08%	0.17%	0.08%
	CFR	B	0.03%	0.07%	0.03%
	CG	A	0.04%	0.09%	0.04%
	CGNX	C	0.03%	0.06%	0.03%
	CHD	B	0.1%	0.22%	0.1%
	CHE	D	0.03%	0.07%	0.03%
	CHH	A	0.0%	0.03%	0.0%
	CHRD	D	0.03%	0.07%	0.03%
	CHRW	C	0.05%	0.11%	0.05%
	CHTR	C	0.12%	0.3%	0.12%
	CIEN	B	0.04%	0.08%	0.04%
	CINF	A	0.09%	0.19%	0.09%
	CIVI	D	0.01%	0.04%	0.01%
	CLF	F	0.02%	0.04%	0.02%
	CLH	B	0.05%	0.1%	0.05%
	CLVT	F	0.01%	0.01%	0.01%
	CMA	A	0.03%	0.07%	0.03%
	CMI	A	0.18%	0.41%	0.18%
	CMS	C	0.08%	0.17%	0.08%
	CNA	B	0.0%	0.01%	0.0%
	CNC	D	0.13%	0.25%	0.13%
	CNH	C	0.04%	0.08%	0.04%
	CNM	D	0.01%	0.07%	0.01%
	CNP	B	0.07%	0.16%	0.07%
	CNXC	F	0.01%	0.01%	0.01%
	COHR	B	0.05%	0.1%	0.05%
	COIN	C	0.02%	0.5%	0.02%
	COKE	C	0.03%	0.06%	0.03%
	COLB	A	0.02%	0.05%	0.02%
	COLD	D	0.03%	0.05%	0.03%
	COLM	B	0.01%	0.02%	0.01%
	COTY	F	0.01%	0.02%	0.01%
	CPB	D	0.04%	0.07%	0.04%
	CPRI	F	0.01%	0.02%	0.01%
	CPT	B	0.05%	0.1%	0.05%
	CR	A	0.03%	0.07%	0.03%
	CRI	D	0.01%	0.02%	0.01%
	CRL	C	0.04%	0.08%	0.04%
	CROX	D	0.02%	0.05%	0.02%
	CRUS	D	0.02%	0.04%	0.02%
	CSGP	D	0.12%	0.24%	0.12%
	CSL	C	0.07%	0.17%	0.07%
	CTLT	B	0.04%	0.09%	0.04%
	CTRA	B	0.07%	0.16%	0.07%
	CTSH	B	0.15%	0.32%	0.15%
	CTVA	C	0.17%	0.32%	0.17%
	CUBE	D	0.04%	0.09%	0.04%
	CUZ	B	0.02%	0.04%	0.02%
	CVNA	B	0.07%	0.21%	0.07%
	CW	B	0.05%	0.11%	0.05%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.01%	0.02%	0.01%
	CWEN	C	0.0%	0.02%	0.0%
	CXT	B	0.01%	0.02%	0.01%
	CZR	F	0.03%	0.07%	0.03%
	DAL	C	0.15%	0.34%	0.15%
	DAR	C	0.02%	0.06%	0.02%
	DAY	B	0.04%	0.09%	0.04%
	DBX	B	0.02%	0.05%	0.02%
	DCI	B	0.04%	0.08%	0.04%
	DD	D	0.14%	0.28%	0.14%
	DDS	B	0.0%	0.01%	0.0%
	DFS	B	0.15%	0.36%	0.15%
	DG	F	0.07%	0.14%	0.07%
	DGX	A	0.07%	0.15%	0.07%
	DHI	D	0.2%	0.39%	0.2%
	DINO	D	0.02%	0.05%	0.02%
	DJT	C	0.0%	0.01%	0.0%
	DKS	C	0.04%	0.09%	0.04%
	DLB	B	0.02%	0.03%	0.02%
	DLR	B	0.23%	0.48%	0.23%
	DLTR	F	0.05%	0.11%	0.05%
	DNB	B	0.01%	0.03%	0.01%
	DOC	D	0.06%	0.12%	0.06%
	DOCS	C	0.02%	0.05%	0.02%
	DOV	A	0.1%	0.23%	0.1%
	DOW	F	0.14%	0.26%	0.14%
	DOX	D	0.04%	0.08%	0.04%
	DPZ	C	0.04%	0.12%	0.04%
	DRI	B	0.04%	0.16%	0.04%
	DTE	C	0.1%	0.2%	0.1%
	DTM	B	0.04%	0.08%	0.04%
	DV	C	0.0%	0.02%	0.0%
	DVN	F	0.1%	0.2%	0.1%
	DXC	B	0.01%	0.03%	0.01%
	EA	A	0.16%	0.36%	0.16%
	EBAY	D	0.12%	0.26%	0.12%
	ED	D	0.14%	0.28%	0.14%
	EEFT	B	0.02%	0.04%	0.02%
	EFX	F	0.1%	0.25%	0.1%
	EG	C	0.05%	0.13%	0.05%
	EGP	F	0.03%	0.07%	0.03%
	EHC	B	0.04%	0.08%	0.04%
	EIX	B	0.13%	0.26%	0.13%
	ELAN	D	0.02%	0.06%	0.02%
	ELS	C	0.05%	0.11%	0.05%
	EME	C	0.05%	0.19%	0.05%
	EMN	D	0.05%	0.1%	0.05%
	ENOV	C	0.01%	0.02%	0.01%
	EPAM	C	0.04%	0.11%	0.04%
	EPR	D	0.01%	0.03%	0.01%
	EQR	B	0.11%	0.23%	0.11%
	EQT	B	0.08%	0.21%	0.08%
	ES	D	0.09%	0.18%	0.09%
	ESAB	B	0.03%	0.06%	0.03%
	ESI	A	0.02%	0.05%	0.02%
	ESS	B	0.07%	0.16%	0.07%
	ETR	B	0.13%	0.26%	0.13%
	ETSY	D	0.01%	0.05%	0.01%
	EVR	B	0.04%	0.09%	0.04%
	EVRG	A	0.05%	0.12%	0.05%
	EWBC	A	0.05%	0.12%	0.05%
	EXAS	D	0.03%	0.07%	0.03%
	EXC	C	0.16%	0.32%	0.16%
	EXEL	B	0.01%	0.08%	0.01%
	EXP	A	0.01%	0.08%	0.01%
	EXPD	D	0.06%	0.14%	0.06%
	EXR	D	0.14%	0.28%	0.14%
	FAF	A	0.03%	0.05%	0.03%
	FANG	D	0.13%	0.27%	0.13%
	FAST	B	0.03%	0.39%	0.03%
	FBIN	D	0.04%	0.08%	0.04%
	FCN	D	0.03%	0.06%	0.03%
	FCNCA	A	0.09%	0.22%	0.09%
	FDS	B	0.04%	0.15%	0.04%
	FE	C	0.1%	0.2%	0.1%
	FFIV	B	0.05%	0.11%	0.05%
	FHB	A	0.01%	0.03%	0.01%
	FHN	A	0.04%	0.09%	0.04%
	FICO	B	0.03%	0.44%	0.03%
	FIS	C	0.2%	0.41%	0.2%
	FITB	A	0.12%	0.26%	0.12%
	FIVE	F	0.0%	0.04%	0.0%
	FLO	D	0.02%	0.03%	0.02%
	FLS	B	0.03%	0.06%	0.03%
	FMC	D	0.03%	0.06%	0.03%
	FNB	A	0.02%	0.05%	0.02%
	FND	C	0.03%	0.09%	0.03%
	FNF	B	0.06%	0.13%	0.06%
	FOX	A	0.02%	0.05%	0.02%
	FOXA	B	0.04%	0.09%	0.04%
	FR	C	0.03%	0.06%	0.03%
	FRPT	B	0.02%	0.06%	0.02%
	FRT	B	0.04%	0.08%	0.04%
	FSLR	F	0.08%	0.17%	0.08%
	FTI	A	0.05%	0.1%	0.05%
	FTRE	D	0.01%	0.01%	0.01%
	FTV	C	0.1%	0.22%	0.1%
	FYBR	D	0.04%	0.07%	0.04%
	G	B	0.03%	0.06%	0.03%
	GAP	C	0.02%	0.04%	0.02%
	GEHC	F	0.14%	0.31%	0.14%
	GEN	B	0.06%	0.13%	0.06%
	GFS	C	0.01%	0.03%	0.01%
	GGG	B	0.05%	0.12%	0.05%
	GIS	D	0.15%	0.29%	0.15%
	GL	B	0.04%	0.08%	0.04%
	GLOB	B	0.01%	0.07%	0.01%
	GLPI	C	0.05%	0.11%	0.05%
	GLW	B	0.15%	0.29%	0.15%
	GME	C	0.03%	0.08%	0.03%
	GMED	A	0.03%	0.08%	0.03%
	GNRC	B	0.02%	0.09%	0.02%
	GNTX	C	0.03%	0.06%	0.03%
	GO	C	0.01%	0.01%	0.01%
	GPC	D	0.06%	0.14%	0.06%
	GPK	C	0.03%	0.07%	0.03%
	GPN	B	0.11%	0.24%	0.11%
	GRMN	B	0.12%	0.27%	0.12%
	GTES	A	0.02%	0.03%	0.02%
	GWRE	A	0.03%	0.13%	0.03%
	GWW	B	0.02%	0.42%	0.02%
	GXO	B	0.03%	0.06%	0.03%
	H	B	0.02%	0.06%	0.02%
	HAL	C	0.1%	0.22%	0.1%
	HAS	D	0.0%	0.07%	0.0%
	HAYW	B	0.01%	0.02%	0.01%
	HBAN	A	0.09%	0.21%	0.09%
	HCP	B	0.0%	0.04%	0.0%
	HES	B	0.05%	0.33%	0.05%
	HHH	B	0.01%	0.02%	0.01%
	HIG	B	0.13%	0.28%	0.13%
	HII	D	0.03%	0.06%	0.03%
	HIW	D	0.01%	0.03%	0.01%
	HLI	B	0.03%	0.08%	0.03%
	HLT	A	0.11%	0.5%	0.11%
	HOG	D	0.02%	0.03%	0.02%
	HOLX	D	0.07%	0.15%	0.07%
	HOOD	B	0.06%	0.18%	0.06%
	HPE	B	0.1%	0.23%	0.1%
	HPQ	B	0.11%	0.3%	0.11%
	HRB	D	0.03%	0.07%	0.03%
	HRL	D	0.04%	0.07%	0.04%
	HSIC	B	0.04%	0.07%	0.04%
	HST	C	0.05%	0.1%	0.05%
	HSY	F	0.09%	0.21%	0.09%
	HUBB	B	0.09%	0.19%	0.09%
	HUM	C	0.12%	0.27%	0.12%
	HUN	F	0.01%	0.03%	0.01%
	HWM	A	0.15%	0.37%	0.15%
	HXL	D	0.02%	0.04%	0.02%
	IAC	D	0.01%	0.03%	0.01%
	IBKR	A	0.06%	0.16%	0.06%
	IDA	A	0.02%	0.05%	0.02%
	IEX	B	0.07%	0.14%	0.07%
	IFF	D	0.1%	0.18%	0.1%
	ILMN	D	0.09%	0.18%	0.09%
	INCY	C	0.04%	0.1%	0.04%
	INFA	D	0.01%	0.02%	0.01%
	INGR	B	0.03%	0.08%	0.03%
	INVH	D	0.08%	0.17%	0.08%
	IONS	F	0.0%	0.04%	0.0%
	IP	B	0.08%	0.16%	0.08%
	IPG	D	0.04%	0.08%	0.04%
	IPGP	D	0.01%	0.02%	0.01%
	IQV	D	0.13%	0.29%	0.13%
	IR	B	0.15%	0.34%	0.15%
	IRDM	D	0.01%	0.03%	0.01%
	IRM	D	0.06%	0.28%	0.06%
	ITT	A	0.05%	0.1%	0.05%
	IVZ	B	0.03%	0.05%	0.03%
	J	F	0.07%	0.14%	0.07%
	JAZZ	B	0.03%	0.06%	0.03%
	JBHT	C	0.06%	0.12%	0.06%
	JBL	B	0.05%	0.12%	0.05%
	JEF	A	0.03%	0.11%	0.03%
	JHG	A	0.02%	0.05%	0.02%
	JKHY	D	0.05%	0.1%	0.05%
	JLL	D	0.04%	0.1%	0.04%
	JNPR	F	0.05%	0.1%	0.05%
	JWN	C	0.01%	0.02%	0.01%
	K	A	0.08%	0.17%	0.08%
	KBR	F	0.03%	0.06%	0.03%
	KD	B	0.02%	0.05%	0.02%
	KEX	C	0.03%	0.06%	0.03%
	KEY	B	0.06%	0.15%	0.06%
	KEYS	A	0.1%	0.21%	0.1%
	KIM	A	0.06%	0.14%	0.06%
	KMI	A	0.19%	0.44%	0.19%
	KMPR	B	0.02%	0.04%	0.02%
	KMX	B	0.04%	0.1%	0.04%
	KNX	B	0.03%	0.07%	0.03%
	KR	B	0.15%	0.32%	0.15%
	KRC	C	0.02%	0.04%	0.02%
	KSS	F	0.01%	0.02%	0.01%
	KVUE	A	0.18%	0.38%	0.18%
	L	A	0.06%	0.12%	0.06%
	LAD	A	0.04%	0.08%	0.04%
	LAMR	D	0.03%	0.09%	0.03%
	LBRDA	C	0.0%	0.01%	0.0%
	LBRDK	C	0.03%	0.08%	0.03%
	LCID	F	0.01%	0.02%	0.01%
	LDOS	C	0.1%	0.18%	0.1%
	LEA	D	0.02%	0.04%	0.02%
	LECO	B	0.03%	0.09%	0.03%
	LEG	F	0.01%	0.01%	0.01%
	LEN	D	0.16%	0.33%	0.16%
	LEN	D	0.16%	0.01%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LEN	D	0.01%	0.33%	0.01%
	LFUS	F	0.02%	0.05%	0.02%
	LH	C	0.08%	0.16%	0.08%
	LHX	C	0.19%	0.38%	0.19%
	LITE	B	0.02%	0.05%	0.02%
	LKQ	D	0.04%	0.08%	0.04%
	LNC	B	0.02%	0.04%	0.02%
	LNG	B	0.09%	0.4%	0.09%
	LNT	A	0.06%	0.13%	0.06%
	LOPE	B	0.01%	0.04%	0.01%
	LPX	B	0.01%	0.06%	0.01%
	LSCC	D	0.0%	0.06%	0.0%
	LSTR	D	0.03%	0.05%	0.03%
	LUV	C	0.07%	0.16%	0.07%
	LW	C	0.03%	0.09%	0.03%
	LYB	F	0.09%	0.18%	0.09%
	LYFT	C	0.01%	0.05%	0.01%
	M	D	0.02%	0.04%	0.02%
	MAA	B	0.07%	0.15%	0.07%
	MAN	D	0.01%	0.02%	0.01%
	MAS	D	0.07%	0.14%	0.07%
	MASI	A	0.01%	0.06%	0.01%
	MAT	D	0.03%	0.05%	0.03%
	MCHP	D	0.16%	0.27%	0.16%
	MDU	D	0.02%	0.03%	0.02%
	MGM	D	0.03%	0.07%	0.03%
	MHK	D	0.03%	0.06%	0.03%
	MIDD	C	0.03%	0.06%	0.03%
	MKC	D	0.08%	0.15%	0.08%
	MKL	A	0.06%	0.18%	0.06%
	MKSI	C	0.03%	0.06%	0.03%
	MKTX	D	0.04%	0.08%	0.04%
	MLM	B	0.14%	0.29%	0.14%
	MOH	F	0.03%	0.14%	0.03%
	MOS	F	0.03%	0.07%	0.03%
	MP	B	0.01%	0.02%	0.01%
	MPW	F	0.01%	0.02%	0.01%
	MRO	B	0.06%	0.13%	0.06%
	MSA	D	0.02%	0.05%	0.02%
	MSCI	C	0.07%	0.38%	0.07%
	MSGS	A	0.02%	0.03%	0.02%
	MSM	C	0.01%	0.03%	0.01%
	MSTR	C	0.14%	0.44%	0.14%
	MTB	A	0.13%	0.29%	0.13%
	MTCH	D	0.04%	0.07%	0.04%
	MTD	D	0.11%	0.21%	0.11%
	MTDR	B	0.02%	0.06%	0.02%
	MTG	C	0.03%	0.05%	0.03%
	MTN	C	0.0%	0.06%	0.0%
	MTSI	B	0.03%	0.06%	0.03%
	MTZ	B	0.03%	0.07%	0.03%
	NCNO	B	0.0%	0.03%	0.0%
	NDAQ	A	0.12%	0.27%	0.12%
	NDSN	B	0.06%	0.12%	0.06%
	NEU	C	0.01%	0.03%	0.01%
	NFE	D	0.0%	0.0%	0.0%
	NFG	A	0.02%	0.05%	0.02%
	NI	A	0.06%	0.14%	0.06%
	NNN	D	0.03%	0.06%	0.03%
	NOV	C	0.02%	0.05%	0.02%
	NRG	B	0.04%	0.16%	0.04%
	NSA	D	0.01%	0.02%	0.01%
	NTAP	C	0.05%	0.2%	0.05%
	NTNX	A	0.04%	0.14%	0.04%
	NTRS	A	0.08%	0.18%	0.08%
	NUE	C	0.14%	0.29%	0.14%
	NVR	D	0.1%	0.21%	0.1%
	NVST	B	0.01%	0.03%	0.01%
	NVT	B	0.05%	0.1%	0.05%
	NWL	B	0.01%	0.03%	0.01%
	NWS	B	0.01%	0.03%	0.01%
	NWSA	B	0.04%	0.09%	0.04%
	NXST	C	0.01%	0.04%	0.01%
	NYT	C	0.04%	0.07%	0.04%
	O	D	0.21%	0.41%	0.21%
	OC	A	0.06%	0.14%	0.06%
	OGE	B	0.03%	0.07%	0.03%
	OGN	D	0.02%	0.03%	0.02%
	OHI	C	0.04%	0.08%	0.04%
	OKE	A	0.23%	0.53%	0.23%
	OKTA	C	0.03%	0.1%	0.03%
	OLED	D	0.02%	0.06%	0.02%
	OLLI	D	0.02%	0.05%	0.02%
	OLN	D	0.02%	0.04%	0.02%
	OMC	C	0.08%	0.15%	0.08%
	OMF	A	0.02%	0.05%	0.02%
	ON	D	0.12%	0.23%	0.12%
	ONTO	D	0.03%	0.06%	0.03%
	ORI	A	0.03%	0.08%	0.03%
	OSK	B	0.03%	0.06%	0.03%
	OTIS	C	0.16%	0.33%	0.16%
	OVV	B	0.04%	0.1%	0.04%
	OZK	B	0.02%	0.04%	0.02%
	PAG	B	0.01%	0.02%	0.01%
	PARA	C	0.03%	0.05%	0.03%
	PATH	C	0.0%	0.05%	0.0%
	PAYC	B	0.02%	0.09%	0.02%
	PAYX	C	0.11%	0.38%	0.11%
	PB	A	0.03%	0.06%	0.03%
	PCG	A	0.17%	0.37%	0.17%
	PEG	A	0.18%	0.37%	0.18%
	PENN	C	0.01%	0.03%	0.01%
	PFG	D	0.08%	0.16%	0.08%
	PFGC	B	0.04%	0.11%	0.04%
	PHM	D	0.11%	0.22%	0.11%
	PII	D	0.01%	0.03%	0.01%
	PINC	B	0.01%	0.02%	0.01%
	PK	B	0.01%	0.02%	0.01%
	PKG	A	0.08%	0.17%	0.08%
	PLNT	A	0.01%	0.07%	0.01%
	PLTK	B	0.0%	0.01%	0.0%
	PNFP	B	0.03%	0.08%	0.03%
	PNR	A	0.07%	0.14%	0.07%
	PNW	B	0.04%	0.09%	0.04%
	POST	C	0.02%	0.04%	0.02%
	PPC	C	0.01%	0.02%	0.01%
	PPG	F	0.12%	0.24%	0.12%
	PPL	B	0.1%	0.21%	0.1%
	PR	B	0.03%	0.08%	0.03%
	PRGO	B	0.01%	0.03%	0.01%
	PRI	A	0.04%	0.09%	0.04%
	PRU	A	0.18%	0.38%	0.18%
	PSN	D	0.02%	0.04%	0.02%
	PSTG	D	0.01%	0.12%	0.01%
	PTC	A	0.03%	0.19%	0.03%
	PVH	C	0.02%	0.05%	0.02%
	PWR	A	0.12%	0.39%	0.12%
	PYCR	C	0.0%	0.01%	0.0%
	QRVO	F	0.03%	0.05%	0.03%
	QS	F	0.01%	0.01%	0.01%
	R	B	0.02%	0.06%	0.02%
	RBC	A	0.03%	0.07%	0.03%
	RCL	A	0.13%	0.45%	0.13%
	RCM	F	0.01%	0.02%	0.01%
	REG	B	0.05%	0.11%	0.05%
	REXR	F	0.04%	0.07%	0.04%
	REYN	D	0.01%	0.01%	0.01%
	RF	A	0.09%	0.2%	0.09%
	RGA	A	0.06%	0.13%	0.06%
	RGEN	D	0.03%	0.06%	0.03%
	RGLD	C	0.04%	0.08%	0.04%
	RH	B	0.02%	0.04%	0.02%
	RHI	B	0.03%	0.06%	0.03%
	RIVN	F	0.03%	0.07%	0.03%
	RJF	A	0.11%	0.25%	0.11%
	RKT	F	0.01%	0.02%	0.01%
	RL	B	0.03%	0.07%	0.03%
	RLI	B	0.02%	0.06%	0.02%
	RMD	C	0.1%	0.28%	0.1%
	RNR	C	0.05%	0.11%	0.05%
	ROIV	C	0.02%	0.04%	0.02%
	ROK	B	0.11%	0.27%	0.11%
	ROKU	D	0.03%	0.07%	0.03%
	ROST	C	0.14%	0.38%	0.14%
	RPM	A	0.05%	0.14%	0.05%
	RPRX	D	0.04%	0.08%	0.04%
	RRC	B	0.03%	0.07%	0.03%
	RRX	B	0.04%	0.09%	0.04%
	RS	B	0.07%	0.15%	0.07%
	RVTY	F	0.06%	0.11%	0.06%
	RYN	D	0.02%	0.04%	0.02%
	S	B	0.02%	0.06%	0.02%
	SAIA	B	0.02%	0.11%	0.02%
	SAIC	F	0.03%	0.05%	0.03%
	SAM	C	0.01%	0.02%	0.01%
	SBAC	D	0.1%	0.2%	0.1%
	SCI	B	0.05%	0.1%	0.05%
	SEB	F	0.0%	0.01%	0.0%
	SEE	C	0.02%	0.04%	0.02%
	SEG	B	0.0%	0.0%	0.0%
	SEIC	B	0.03%	0.07%	0.03%
	SF	B	0.04%	0.09%	0.04%
	SHC	F	0.01%	0.02%	0.01%
	SIRI	C	0.03%	0.05%	0.03%
	SITE	D	0.02%	0.05%	0.02%
	SJM	D	0.05%	0.09%	0.05%
	SKX	D	0.03%	0.07%	0.03%
	SLGN	A	0.02%	0.04%	0.02%
	SLM	A	0.02%	0.04%	0.02%
	SMG	D	0.01%	0.03%	0.01%
	SN	D	0.02%	0.06%	0.02%
	SNA	A	0.07%	0.15%	0.07%
	SNDR	B	0.01%	0.01%	0.01%
	SNV	B	0.03%	0.07%	0.03%
	SNX	C	0.03%	0.07%	0.03%
	SOFI	A	0.04%	0.12%	0.04%
	SOLV	C	0.04%	0.08%	0.04%
	SON	D	0.02%	0.04%	0.02%
	SPB	C	0.01%	0.02%	0.01%
	SPG	B	0.16%	0.48%	0.16%
	SPR	D	0.01%	0.03%	0.01%
	SQ	B	0.09%	0.39%	0.09%
	SSD	D	0.03%	0.06%	0.03%
	SSNC	B	0.06%	0.13%	0.06%
	ST	F	0.02%	0.04%	0.02%
	STAG	F	0.03%	0.05%	0.03%
	STE	F	0.09%	0.18%	0.09%
	STLD	B	0.08%	0.17%	0.08%
	STT	A	0.11%	0.24%	0.11%
	STWD	C	0.02%	0.05%	0.02%
	SUI	D	0.07%	0.13%	0.07%
	SW	A	0.11%	0.22%	0.11%
	SWK	D	0.06%	0.11%	0.06%
	SWKS	F	0.06%	0.11%	0.06%
	SYF	B	0.09%	0.21%	0.09%
	SYY	B	0.06%	0.31%	0.06%
	TAP	C	0.04%	0.09%	0.04%
	TDY	B	0.08%	0.18%	0.08%
	TECH	D	0.05%	0.09%	0.05%
	TER	D	0.01%	0.13%	0.01%
	TFSL	A	0.0%	0.01%	0.0%
	TFX	F	0.04%	0.08%	0.04%
	THC	D	0.06%	0.12%	0.06%
	THG	A	0.02%	0.05%	0.02%
	THO	B	0.02%	0.05%	0.02%
	TKO	B	0.03%	0.08%	0.03%
	TKR	D	0.02%	0.04%	0.02%
	TNL	A	0.01%	0.03%	0.01%
	TOL	B	0.06%	0.13%	0.06%
	TPG	A	0.02%	0.04%	0.02%
	TPR	B	0.04%	0.11%	0.04%
	TRIP	F	0.01%	0.01%	0.01%
	TRMB	B	0.06%	0.14%	0.06%
	TROW	B	0.1%	0.21%	0.1%
	TRU	D	0.07%	0.15%	0.07%
	TSN	B	0.07%	0.15%	0.07%
	TTC	D	0.03%	0.07%	0.03%
	TTEK	F	0.04%	0.09%	0.04%
	TTWO	A	0.11%	0.25%	0.11%
	TW	A	0.04%	0.12%	0.04%
	TWLO	A	0.04%	0.14%	0.04%
	TXG	F	0.0%	0.01%	0.0%
	TXT	D	0.06%	0.13%	0.06%
	TYL	B	0.02%	0.21%	0.02%
	U	C	0.01%	0.04%	0.01%
	UA	C	0.01%	0.01%	0.01%
	UAA	C	0.01%	0.02%	0.01%
	UAL	A	0.1%	0.25%	0.1%
	UDR	B	0.06%	0.12%	0.06%
	UGI	A	0.02%	0.04%	0.02%
	UHAL	D	0.0%	0.05%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.02%	0.05%	0.02%
	UHS	D	0.05%	0.1%	0.05%
	UI	A	0.0%	0.01%	0.0%
	ULTA	F	0.01%	0.14%	0.01%
	UNM	A	0.05%	0.1%	0.05%
	URI	B	0.16%	0.46%	0.16%
	USFD	A	0.06%	0.12%	0.06%
	UTHR	C	0.07%	0.13%	0.07%
	UWMC	D	0.0%	0.01%	0.0%
	VAC	B	0.01%	0.03%	0.01%
	VFC	C	0.03%	0.06%	0.03%
	VICI	C	0.13%	0.27%	0.13%
	VIRT	B	0.01%	0.02%	0.01%
	VLTO	D	0.06%	0.21%	0.06%
	VMC	B	0.11%	0.3%	0.11%
	VMI	B	0.02%	0.06%	0.02%
	VNO	B	0.03%	0.06%	0.03%
	VNT	B	0.02%	0.05%	0.02%
	VOYA	B	0.03%	0.07%	0.03%
	VRSN	F	0.06%	0.13%	0.06%
	VSTS	C	0.01%	0.02%	0.01%
	VTR	C	0.11%	0.21%	0.11%
	VTRS	A	0.06%	0.13%	0.06%
	W	F	0.02%	0.03%	0.02%
	WAB	B	0.13%	0.28%	0.13%
	WAL	B	0.04%	0.08%	0.04%
	WAT	B	0.03%	0.17%	0.03%
	WBA	F	0.03%	0.05%	0.03%
	WBD	C	0.08%	0.18%	0.08%
	WBS	A	0.04%	0.09%	0.04%
	WCC	B	0.03%	0.07%	0.03%
	WDC	D	0.09%	0.17%	0.09%
	WEC	A	0.12%	0.26%	0.12%
	WEN	D	0.01%	0.03%	0.01%
	WEX	D	0.03%	0.06%	0.03%
	WH	B	0.02%	0.06%	0.02%
	WHR	B	0.02%	0.05%	0.02%
	WLK	D	0.02%	0.03%	0.02%
	WMB	A	0.25%	0.57%	0.25%
	WMS	D	0.03%	0.08%	0.03%
	WOLF	F	0.01%	0.01%	0.01%
	WPC	D	0.05%	0.1%	0.05%
	WRB	A	0.07%	0.15%	0.07%
	WSC	D	0.02%	0.05%	0.02%
	WSM	B	0.03%	0.14%	0.03%
	WSO	A	0.07%	0.15%	0.07%
	WST	C	0.04%	0.19%	0.04%
	WTFC	A	0.03%	0.07%	0.03%
	WTM	A	0.02%	0.04%	0.02%
	WTRG	B	0.04%	0.08%	0.04%
	WTW	B	0.12%	0.26%	0.12%
	WU	D	0.01%	0.02%	0.01%
	WWD	B	0.04%	0.08%	0.04%
	WY	D	0.09%	0.19%	0.09%
	WYNN	D	0.04%	0.08%	0.04%
	X	C	0.03%	0.07%	0.03%
	XEL	A	0.15%	0.32%	0.15%
	XRAY	F	0.02%	0.03%	0.02%
	XYL	D	0.12%	0.24%	0.12%
	YETI	C	0.01%	0.03%	0.01%
	YUM	B	0.09%	0.31%	0.09%
	Z	A	0.03%	0.1%	0.03%
	ZBH	C	0.09%	0.19%	0.09%
	ZBRA	B	0.06%	0.16%	0.06%
	ZG	A	0.02%	0.03%	0.02%
	ZI	D	0.01%	0.03%	0.01%
	ZION	B	0.03%	0.07%	0.03%
	ZM	B	0.08%	0.18%	0.08%

VONV Overweight 163 Positions Relative to IWR

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	UNH	C	1.94%
	JNJ	D	1.54%
	WMT	A	1.42%
	PG	A	1.21%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	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%
	IBM	C	0.76%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	TXN	C	0.65%
	NEE	D	0.65%
	PFE	D	0.64%
	RTX	C	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%
	MS	A	0.51%
	COP	C	0.51%
	C	A	0.49%
	BSX	B	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%
	ADI	D	0.44%
	GILD	C	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%
	HD	A	0.32%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	CI	F	0.32%
	REGN	F	0.32%
	CME	A	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%
	NOC	D	0.28%
	KKR	A	0.27%
	BDX	F	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	VRTX	F	0.25%
	COF	B	0.25%
	EMR	A	0.25%
	FDX	B	0.25%
	MRVL	B	0.25%
	MAR	B	0.24%
	NSC	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	TT	A	0.22%
	TRV	B	0.22%
	MPC	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%
	PSX	C	0.2%
	HCA	F	0.2%
	PEP	F	0.19%
	ITW	B	0.19%
	PSA	D	0.18%
	MET	A	0.18%
	VLO	C	0.17%
	CRM	B	0.17%
	JCI	C	0.17%
	MSI	B	0.16%
	F	C	0.16%
	RSG	A	0.16%
	KDP	D	0.15%
	MCK	B	0.15%
	STZ	D	0.15%
	AMGN	D	0.15%
	CL	D	0.14%
	NKE	D	0.14%
	EW	C	0.13%
	APH	A	0.13%
	OXY	D	0.13%
	KHC	F	0.12%
	KMB	D	0.11%
	DELL	C	0.11%
	SBUX	A	0.1%
	PGR	A	0.09%
	APO	B	0.08%
	MRNA	F	0.07%
	ZTS	D	0.06%
	RBA	A	0.06%
	QCOM	F	0.05%
	AMAT	F	0.05%
	FTNT	C	0.04%
	QGEN	D	0.04%
	BKNG	A	0.04%
	EL	F	0.04%
	XP	F	0.03%
	DASH	A	0.03%
	SHW	A	0.03%
	MNST	C	0.03%
	ECL	D	0.03%
	CRBG	B	0.03%
	ADP	B	0.03%
	AZO	C	0.02%
	ORLY	B	0.02%
	SRCL	C	0.02%
	ADTN	A	0.01%
	CPRT	A	0.01%
	CTAS	B	0.01%

VONV Underweight 124 Positions Relative to IWR

	Symbol	Grade	Weight
	PLTR	B	-1.09%
	APP	B	-0.63%
	TTD	B	-0.43%
	VST	B	-0.4%
	VRT	B	-0.36%
	ODFL	B	-0.35%
	AXON	A	-0.35%
	TRGP	B	-0.35%
	COR	B	-0.33%
	VRSK	A	-0.33%
	FERG	B	-0.33%
	IT	C	-0.32%
	DDOG	A	-0.31%
	IDXX	F	-0.29%
	HUBS	A	-0.27%
	VEEV	C	-0.26%
	DXCM	D	-0.25%
	ARES	A	-0.25%
	TSCO	D	-0.24%
	CPNG	D	-0.23%
	DECK	A	-0.22%
	NET	B	-0.22%
	MPWR	F	-0.22%
	TPL	A	-0.21%
	GDDY	A	-0.21%
	RBLX	C	-0.21%
	CPAY	A	-0.2%
	EXPE	B	-0.19%
	LPLA	A	-0.19%
	EXE	B	-0.18%
	LYV	A	-0.17%
	CLX	B	-0.17%
	BAH	F	-0.16%
	COO	D	-0.16%
	LII	A	-0.16%
	MDB	C	-0.16%
	DKNG	B	-0.15%
	TOST	B	-0.15%
	PODD	C	-0.15%
	ZS	C	-0.15%
	NTRA	B	-0.14%
	XPO	B	-0.14%
	MANH	D	-0.14%
	FWONK	B	-0.14%
	LVS	C	-0.14%
	PINS	D	-0.14%
	HEI	B	-0.14%
	BURL	A	-0.14%
	DT	C	-0.13%
	FIX	A	-0.13%
	DOCU	A	-0.13%
	ROL	B	-0.12%
	EQH	B	-0.12%
	ENTG	D	-0.12%
	TXRH	C	-0.11%
	POOL	C	-0.11%
	NBIX	C	-0.1%
	HEI	B	-0.1%
	CAVA	B	-0.09%
	DUOL	A	-0.09%
	NCLH	B	-0.09%
	OWL	A	-0.09%
	AAON	B	-0.08%
	TPX	B	-0.08%
	SMCI	F	-0.08%
	WING	D	-0.08%
	SRPT	D	-0.08%
	CHDN	B	-0.08%
	MUSA	A	-0.08%
	NLY	C	-0.08%
	KNSL	B	-0.08%
	MEDP	D	-0.07%
	DVA	B	-0.07%
	LNW	D	-0.07%
	ITCI	C	-0.07%
	PCTY	B	-0.07%
	PEN	B	-0.07%
	MORN	B	-0.07%
	CFLT	B	-0.06%
	ESTC	C	-0.06%
	GTLB	B	-0.06%
	CART	C	-0.06%
	RYAN	B	-0.06%
	PCOR	B	-0.06%
	TREX	C	-0.06%
	SMAR	A	-0.06%
	ENPH	F	-0.06%
	RITM	C	-0.05%
	VVV	F	-0.05%
	WFRD	D	-0.05%
	LAZ	B	-0.05%
	FOUR	B	-0.05%
	BSY	D	-0.05%
	ELF	C	-0.05%
	HR	C	-0.05%
	AZPN	A	-0.05%
	CELH	F	-0.04%
	INSP	D	-0.04%
	VNOM	A	-0.04%
	VKTX	F	-0.04%
	APPF	B	-0.04%
	CCCS	B	-0.04%
	AMTM	D	-0.03%
	PEGA	A	-0.03%
	LINE	F	-0.03%
	RARE	D	-0.03%
	ALAB	B	-0.02%
	QDEL	F	-0.02%
	LBTYK	A	-0.02%
	LBTYA	B	-0.02%
	ADT	C	-0.02%
	APLS	D	-0.02%
	FIVN	C	-0.02%
	TDC	D	-0.02%
	ECG	C	-0.02%
	RNG	B	-0.02%
	SNRE	D	-0.02%
	LLYVK	A	-0.02%
	LOAR	A	-0.01%
	AS	B	-0.01%
	LLYVA	A	-0.01%
	FWONA	B	-0.01%
	PARAA	B	-0.0%
	GRAL	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

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

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