VONV vs. JPUS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	VONV	JPUS
30 Days	3.51%	2.72%
60 Days	4.96%	2.86%
90 Days	7.00%	5.12%
12 Months	29.73%	27.89%

330 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in JPUS	Overlap
	ABBV	D	0.82%	0.33%	0.33%
	ABT	B	0.78%	0.31%	0.31%
	ACGL	D	0.14%	0.31%	0.14%
	ACI	C	0.03%	0.31%	0.03%
	ACN	C	0.87%	0.32%	0.32%
	ADI	D	0.44%	0.35%	0.35%
	ADM	D	0.11%	0.34%	0.11%
	AEP	D	0.21%	0.31%	0.21%
	AFG	A	0.04%	0.06%	0.04%
	AFL	B	0.23%	0.38%	0.23%
	AGO	B	0.02%	0.05%	0.02%
	ALLY	C	0.03%	0.24%	0.03%
	ALSN	B	0.04%	0.42%	0.04%
	AM	A	0.01%	0.38%	0.01%
	AMAT	F	0.05%	0.31%	0.05%
	AMGN	D	0.15%	0.35%	0.15%
	AMP	A	0.02%	0.29%	0.02%
	AOS	F	0.04%	0.3%	0.04%
	APH	A	0.13%	0.42%	0.13%
	APO	B	0.08%	0.23%	0.08%
	ASH	D	0.02%	0.19%	0.02%
	ATO	A	0.08%	0.16%	0.08%
	AVB	B	0.13%	0.31%	0.13%
	AVY	D	0.04%	0.26%	0.04%
	AZO	C	0.02%	0.35%	0.02%
	BAC	A	1.14%	0.31%	0.31%
	BBY	D	0.08%	0.24%	0.08%
	BDX	F	0.27%	0.19%	0.19%
	BG	F	0.05%	0.34%	0.05%
	BKNG	A	0.04%	0.18%	0.04%
	BLDR	D	0.07%	0.34%	0.07%
	BMY	B	0.45%	0.25%	0.25%
	BPOP	B	0.02%	0.21%	0.02%
	BRBR	A	0.03%	0.24%	0.03%
	BRK.A	B	3.3%	0.39%	0.39%
	BRX	A	0.03%	0.37%	0.03%
	CACI	D	0.05%	0.14%	0.05%
	CAG	D	0.06%	0.32%	0.06%
	CAH	B	0.04%	0.36%	0.04%
	CARR	D	0.2%	0.09%	0.09%
	CASY	A	0.05%	0.41%	0.05%
	CAT	B	0.63%	0.28%	0.28%
	CB	C	0.46%	0.27%	0.27%
	CBOE	B	0.09%	0.25%	0.09%
	CBRE	B	0.16%	0.05%	0.05%
	CCI	D	0.19%	0.16%	0.16%
	CE	F	0.04%	0.2%	0.04%
	CEG	D	0.28%	0.42%	0.28%
	CF	B	0.06%	0.32%	0.06%
	CFG	B	0.08%	0.07%	0.07%
	CHD	B	0.1%	0.34%	0.1%
	CHE	D	0.03%	0.16%	0.03%
	CHTR	C	0.12%	0.4%	0.12%
	CI	F	0.32%	0.35%	0.32%
	CIEN	B	0.04%	0.52%	0.04%
	CL	D	0.14%	0.32%	0.14%
	CLF	F	0.02%	0.18%	0.02%
	CLH	B	0.05%	0.41%	0.05%
	CMCSA	B	0.67%	0.42%	0.42%
	CMI	A	0.18%	0.42%	0.18%
	CMS	C	0.08%	0.28%	0.08%
	CNM	D	0.01%	0.21%	0.01%
	COF	B	0.25%	0.45%	0.25%
	COKE	C	0.03%	0.21%	0.03%
	COP	C	0.51%	0.28%	0.28%
	CPB	D	0.04%	0.33%	0.04%
	CPT	B	0.05%	0.17%	0.05%
	CRI	D	0.01%	0.03%	0.01%
	CRUS	D	0.02%	0.1%	0.02%
	CSCO	B	0.89%	0.41%	0.41%
	CSL	C	0.07%	0.17%	0.07%
	CSX	B	0.26%	0.13%	0.13%
	CTRA	B	0.07%	0.35%	0.07%
	CTSH	B	0.15%	0.37%	0.15%
	CTVA	C	0.17%	0.3%	0.17%
	CUBE	D	0.04%	0.35%	0.04%
	CVS	D	0.29%	0.36%	0.29%
	CVX	A	1.03%	0.35%	0.35%
	CWEN	C	0.0%	0.05%	0.0%
	CWEN	C	0.01%	0.05%	0.01%
	D	C	0.2%	0.34%	0.2%
	DFS	B	0.15%	0.13%	0.13%
	DGX	A	0.07%	0.36%	0.07%
	DHI	D	0.2%	0.33%	0.2%
	DHR	F	0.63%	0.27%	0.27%
	DINO	D	0.02%	0.26%	0.02%
	DKS	C	0.04%	0.36%	0.04%
	DLB	B	0.02%	0.06%	0.02%
	DOW	F	0.14%	0.26%	0.14%
	DOX	D	0.04%	0.24%	0.04%
	DRI	B	0.04%	0.24%	0.04%
	DTE	C	0.1%	0.3%	0.1%
	DTM	B	0.04%	0.17%	0.04%
	DUK	C	0.36%	0.36%	0.36%
	DVN	F	0.1%	0.1%	0.1%
	EA	A	0.16%	0.19%	0.16%
	ECL	D	0.03%	0.29%	0.03%
	ED	D	0.14%	0.34%	0.14%
	EG	C	0.05%	0.28%	0.05%
	EGP	F	0.03%	0.06%	0.03%
	EIX	B	0.13%	0.36%	0.13%
	ELV	F	0.32%	0.26%	0.26%
	EMN	D	0.05%	0.32%	0.05%
	EOG	A	0.28%	0.32%	0.28%
	EPR	D	0.01%	0.17%	0.01%
	EQR	B	0.11%	0.2%	0.11%
	ESI	A	0.02%	0.3%	0.02%
	ESS	B	0.07%	0.37%	0.07%
	ETN	A	0.53%	0.43%	0.43%
	ETR	B	0.13%	0.46%	0.13%
	EVRG	A	0.05%	0.34%	0.05%
	EXC	C	0.16%	0.31%	0.16%
	EXP	A	0.01%	0.21%	0.01%
	F	C	0.16%	0.19%	0.16%
	FANG	D	0.13%	0.39%	0.13%
	FAST	B	0.03%	0.39%	0.03%
	FBIN	D	0.04%	0.12%	0.04%
	FCNCA	A	0.09%	0.43%	0.09%
	FCX	D	0.26%	0.25%	0.25%
	FE	C	0.1%	0.34%	0.1%
	FITB	A	0.12%	0.31%	0.12%
	FLO	D	0.02%	0.21%	0.02%
	FNF	B	0.06%	0.35%	0.06%
	FR	C	0.03%	0.16%	0.03%
	FRT	B	0.04%	0.09%	0.04%
	FTRE	D	0.01%	0.03%	0.01%
	FYBR	D	0.04%	0.37%	0.04%
	GAP	C	0.02%	0.2%	0.02%
	GD	F	0.32%	0.36%	0.32%
	GEHC	F	0.14%	0.22%	0.14%
	GEN	B	0.06%	0.07%	0.06%
	GILD	C	0.44%	0.35%	0.35%
	GIS	D	0.15%	0.33%	0.15%
	GLPI	C	0.05%	0.34%	0.05%
	GNTX	C	0.03%	0.28%	0.03%
	GRMN	B	0.12%	0.43%	0.12%
	GWW	B	0.02%	0.43%	0.02%
	HBAN	A	0.09%	0.33%	0.09%
	HCA	F	0.2%	0.34%	0.2%
	HIG	B	0.13%	0.39%	0.13%
	HIW	D	0.01%	0.15%	0.01%
	HOG	D	0.02%	0.03%	0.02%
	HOLX	D	0.07%	0.28%	0.07%
	HPE	B	0.1%	0.3%	0.1%
	HRB	D	0.03%	0.36%	0.03%
	HRL	D	0.04%	0.35%	0.04%
	HST	C	0.05%	0.4%	0.05%
	HSY	F	0.09%	0.26%	0.09%
	HUBB	B	0.09%	0.35%	0.09%
	HUN	F	0.01%	0.16%	0.01%
	IBM	C	0.76%	0.3%	0.3%
	IDA	A	0.02%	0.02%	0.02%
	IFF	D	0.1%	0.21%	0.1%
	INGR	B	0.03%	0.42%	0.03%
	IP	B	0.08%	0.46%	0.08%
	IPG	D	0.04%	0.15%	0.04%
	IRDM	D	0.01%	0.06%	0.01%
	IRM	D	0.06%	0.39%	0.06%
	ITT	A	0.05%	0.24%	0.05%
	ITW	B	0.19%	0.34%	0.19%
	JEF	A	0.03%	0.3%	0.03%
	JLL	D	0.04%	0.41%	0.04%
	JNPR	F	0.05%	0.38%	0.05%
	K	A	0.08%	0.38%	0.08%
	KDP	D	0.15%	0.26%	0.15%
	KEY	B	0.06%	0.06%	0.06%
	KHC	F	0.12%	0.34%	0.12%
	KIM	A	0.06%	0.33%	0.06%
	KMB	D	0.11%	0.34%	0.11%
	KMI	A	0.19%	0.48%	0.19%
	KO	D	0.43%	0.33%	0.33%
	KR	B	0.15%	0.43%	0.15%
	KRC	C	0.02%	0.16%	0.02%
	KSS	F	0.01%	0.01%	0.01%
	KVUE	A	0.18%	0.39%	0.18%
	LAMR	D	0.03%	0.39%	0.03%
	LDOS	C	0.1%	0.22%	0.1%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.01%	0.36%	0.01%
	LEN	D	0.16%	0.36%	0.16%
	LH	C	0.08%	0.28%	0.08%
	LIN	D	0.88%	0.28%	0.28%
	LMT	D	0.32%	0.36%	0.32%
	LNG	B	0.09%	0.34%	0.09%
	LOPE	B	0.01%	0.09%	0.01%
	LOW	D	0.6%	0.37%	0.37%
	LPX	B	0.01%	0.08%	0.01%
	LSTR	D	0.03%	0.04%	0.03%
	LYB	F	0.09%	0.31%	0.09%
	M	D	0.02%	0.18%	0.02%
	MAA	B	0.07%	0.21%	0.07%
	MAS	D	0.07%	0.3%	0.07%
	MCK	B	0.15%	0.46%	0.15%
	MDLZ	F	0.37%	0.33%	0.33%
	MDT	D	0.46%	0.23%	0.23%
	MMC	B	0.37%	0.05%	0.05%
	MNST	C	0.03%	0.03%	0.03%
	MO	A	0.37%	0.39%	0.37%
	MOH	F	0.03%	0.14%	0.03%
	MOS	F	0.03%	0.17%	0.03%
	MPC	D	0.21%	0.36%	0.21%
	MRO	B	0.06%	0.37%	0.06%
	MSI	B	0.16%	0.43%	0.16%
	MSM	C	0.01%	0.25%	0.01%
	MTG	C	0.03%	0.35%	0.03%
	NEM	D	0.21%	0.18%	0.18%
	NEU	C	0.01%	0.18%	0.01%
	NFG	A	0.02%	0.3%	0.02%
	NI	A	0.06%	0.41%	0.06%
	NKE	D	0.14%	0.06%	0.06%
	NNN	D	0.03%	0.16%	0.03%
	NRG	B	0.04%	0.46%	0.04%
	NSA	D	0.01%	0.05%	0.01%
	NTAP	C	0.05%	0.31%	0.05%
	NUE	C	0.14%	0.3%	0.14%
	NVR	D	0.1%	0.38%	0.1%
	NXST	C	0.01%	0.36%	0.01%
	OC	A	0.06%	0.34%	0.06%
	OGE	B	0.03%	0.36%	0.03%
	OHI	C	0.04%	0.38%	0.04%
	OLN	D	0.02%	0.26%	0.02%
	OMF	A	0.02%	0.22%	0.02%
	ORI	A	0.03%	0.3%	0.03%
	ORLY	B	0.02%	0.37%	0.02%
	OXY	D	0.13%	0.1%	0.1%
	PAG	B	0.01%	0.34%	0.01%
	PCAR	B	0.21%	0.06%	0.06%
	PEG	A	0.18%	0.41%	0.18%
	PEP	F	0.19%	0.34%	0.19%
	PFG	D	0.08%	0.1%	0.08%
	PFGC	B	0.04%	0.46%	0.04%
	PG	A	1.21%	0.36%	0.36%
	PGR	A	0.09%	0.39%	0.09%
	PH	A	0.32%	0.39%	0.32%
	PHM	D	0.11%	0.38%	0.11%
	PK	B	0.01%	0.24%	0.01%
	PKG	A	0.08%	0.3%	0.08%
	PLD	D	0.42%	0.01%	0.01%
	PM	B	0.83%	0.39%	0.39%
	PNW	B	0.04%	0.39%	0.04%
	POST	C	0.02%	0.35%	0.02%
	PPC	C	0.01%	0.21%	0.01%
	PPL	B	0.1%	0.39%	0.1%
	PR	B	0.03%	0.23%	0.03%
	PRU	A	0.18%	0.1%	0.1%
	PSA	D	0.18%	0.34%	0.18%
	PSX	C	0.2%	0.35%	0.2%
	PWR	A	0.12%	0.46%	0.12%
	QCOM	F	0.05%	0.3%	0.05%
	R	B	0.02%	0.18%	0.02%
	RBC	A	0.03%	0.07%	0.03%
	REG	B	0.05%	0.38%	0.05%
	REGN	F	0.32%	0.26%	0.26%
	RF	A	0.09%	0.09%	0.09%
	RGA	A	0.06%	0.17%	0.06%
	RGLD	C	0.04%	0.08%	0.04%
	RHI	B	0.03%	0.17%	0.03%
	RMD	C	0.1%	0.07%	0.07%
	ROKU	D	0.03%	0.0%	0.0%
	ROST	C	0.14%	0.23%	0.14%
	RPM	A	0.05%	0.28%	0.05%
	RRC	B	0.03%	0.05%	0.03%
	RS	B	0.07%	0.38%	0.07%
	RSG	A	0.16%	0.4%	0.16%
	RVTY	F	0.06%	0.23%	0.06%
	SAIC	F	0.03%	0.08%	0.03%
	SAM	C	0.01%	0.24%	0.01%
	SCI	B	0.05%	0.18%	0.05%
	SJM	D	0.05%	0.21%	0.05%
	SLM	A	0.02%	0.11%	0.02%
	SMG	D	0.01%	0.1%	0.01%
	SNX	C	0.03%	0.24%	0.03%
	SO	D	0.4%	0.37%	0.37%
	SON	D	0.02%	0.01%	0.01%
	SPB	C	0.01%	0.27%	0.01%
	SPG	B	0.16%	0.41%	0.16%
	SRE	A	0.21%	0.37%	0.21%
	SSNC	B	0.06%	0.04%	0.04%
	STAG	F	0.03%	0.23%	0.03%
	STE	F	0.09%	0.25%	0.09%
	STLD	B	0.08%	0.38%	0.08%
	STT	A	0.11%	0.13%	0.11%
	STWD	C	0.02%	0.18%	0.02%
	STZ	D	0.15%	0.31%	0.15%
	SWKS	F	0.06%	0.14%	0.06%
	SYF	B	0.09%	0.52%	0.09%
	SYK	C	0.36%	0.28%	0.28%
	SYY	B	0.06%	0.36%	0.06%
	T	A	0.65%	0.4%	0.4%
	TAP	C	0.04%	0.43%	0.04%
	TGT	F	0.28%	0.24%	0.24%
	THC	D	0.06%	0.4%	0.06%
	TJX	A	0.21%	0.34%	0.21%
	TKR	D	0.02%	0.19%	0.02%
	TMO	F	0.84%	0.15%	0.15%
	TMUS	B	0.43%	0.47%	0.43%
	TNL	A	0.01%	0.07%	0.01%
	TOL	B	0.06%	0.42%	0.06%
	TSN	B	0.07%	0.37%	0.07%
	UGI	A	0.02%	0.31%	0.02%
	UHS	D	0.05%	0.33%	0.05%
	UI	A	0.0%	0.17%	0.0%
	UNH	C	1.94%	0.34%	0.34%
	UNM	A	0.05%	0.51%	0.05%
	UNP	C	0.3%	0.27%	0.27%
	USB	A	0.3%	0.11%	0.11%
	USFD	A	0.06%	0.44%	0.06%
	UTHR	C	0.07%	0.42%	0.07%
	VICI	C	0.13%	0.33%	0.13%
	VIRT	B	0.01%	0.12%	0.01%
	VLO	C	0.17%	0.4%	0.17%
	VLTO	D	0.06%	0.04%	0.04%
	VRTX	F	0.25%	0.37%	0.25%
	VTR	C	0.11%	0.25%	0.11%
	VTRS	A	0.06%	0.23%	0.06%
	VZ	C	0.71%	0.38%	0.38%
	WEC	A	0.12%	0.34%	0.12%
	WELL	A	0.33%	0.4%	0.33%
	WLK	D	0.02%	0.32%	0.02%
	WMB	A	0.25%	0.41%	0.25%
	WPC	D	0.05%	0.21%	0.05%
	WRB	A	0.07%	0.12%	0.07%
	WSM	B	0.03%	0.31%	0.03%
	WST	C	0.04%	0.27%	0.04%
	WU	D	0.01%	0.11%	0.01%
	WY	D	0.09%	0.31%	0.09%
	X	C	0.03%	0.33%	0.03%
	XEL	A	0.15%	0.36%	0.15%
	XOM	B	2.1%	0.41%	0.41%
	ZTS	D	0.06%	0.27%	0.06%

VONV Overweight 512 Positions Relative to JPUS

	Symbol	Grade	Weight
	JPM	A	2.55%
	JNJ	D	1.54%
	WMT	A	1.42%
	WFC	A	0.91%
	MCD	D	0.79%
	DIS	B	0.71%
	TXN	C	0.65%
	NEE	D	0.65%
	PFE	D	0.64%
	RTX	C	0.64%
	SPGI	C	0.6%
	GE	D	0.59%
	BLK	C	0.58%
	MS	A	0.51%
	C	A	0.49%
	BSX	B	0.49%
	GS	A	0.48%
	HON	B	0.45%
	MU	D	0.44%
	DE	A	0.41%
	UPS	C	0.39%
	AXP	A	0.38%
	SCHW	B	0.38%
	INTC	D	0.37%
	ICE	C	0.35%
	BA	F	0.34%
	EQIX	A	0.33%
	GEV	B	0.33%
	AMD	F	0.32%
	HD	A	0.32%
	CME	A	0.32%
	PYPL	B	0.32%
	FI	A	0.31%
	PNC	B	0.3%
	AON	A	0.29%
	APD	A	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	EMR	A	0.25%
	FDX	B	0.25%
	MRVL	B	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	GM	B	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	DLR	B	0.23%
	MMM	D	0.23%
	TT	A	0.22%
	BK	A	0.22%
	TRV	B	0.22%
	O	D	0.21%
	AIG	B	0.2%
	FIS	C	0.2%
	LHX	C	0.19%
	MET	A	0.18%
	ALL	A	0.17%
	CRM	B	0.17%
	JCI	C	0.17%
	AME	A	0.17%
	PCG	A	0.17%
	MCHP	D	0.16%
	OTIS	C	0.16%
	URI	B	0.16%
	GLW	B	0.15%
	DAL	C	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	A	D	0.15%
	IR	B	0.15%
	EXR	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	MSTR	C	0.14%
	RCL	A	0.13%
	MTB	A	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	XYL	D	0.12%
	CSGP	D	0.12%
	ON	D	0.12%
	NDAQ	A	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	HPQ	B	0.11%
	GPN	B	0.11%
	SW	A	0.11%
	VMC	B	0.11%
	AWK	D	0.11%
	MTD	D	0.11%
	ROK	B	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	RJF	A	0.11%
	HLT	A	0.11%
	DELL	C	0.11%
	PAYX	C	0.11%
	TROW	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	UAL	A	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	CINF	A	0.09%
	ZBH	C	0.09%
	CCL	B	0.09%
	YUM	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	SQ	B	0.09%
	INVH	D	0.08%
	ARE	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%
	FSLR	F	0.08%
	TDY	B	0.08%
	IEX	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	SNA	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	DG	F	0.07%
	BAX	D	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	CNP	B	0.07%
	UDR	B	0.06%
	BRO	B	0.06%
	VRSN	F	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	L	A	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	TRMB	B	0.06%
	JBHT	C	0.06%
	TXT	D	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	APTV	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	DOC	D	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	AES	F	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	BXP	D	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	WYNN	D	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	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%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	FOXA	B	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	AIZ	A	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	MKTX	D	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%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	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%
	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%
	G	B	0.03%
	QRVO	F	0.03%
	JAZZ	B	0.03%
	WBA	F	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	DASH	A	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	SNV	B	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%
	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%
	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%
	RL	B	0.03%
	TKO	B	0.03%
	PNFP	B	0.03%
	BERY	B	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%
	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%
	ADP	B	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	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%
	UHAL	D	0.02%
	OLED	D	0.02%
	FRPT	B	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	TPG	A	0.02%
	DBX	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%
	DOCS	C	0.02%
	BYD	C	0.02%
	HXL	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%
	ZG	A	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	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%
	OLLI	D	0.02%
	MTDR	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	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%
	AXS	A	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	D	0.01%
	REYN	D	0.01%
	EXEL	B	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%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BR	A	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%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	CC	C	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%
	MPW	F	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	AMED	F	0.01%
	CPRT	A	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NWS	B	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	CIVI	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%
	CTAS	B	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%
	CHH	A	0.0%
	CACC	D	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	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 27 Positions Relative to JPUS

	Symbol	Grade	Weight
	VST	B	-0.64%
	TRGP	B	-0.5%
	ANET	C	-0.47%
	NVDA	C	-0.45%
	META	D	-0.42%
	ORCL	B	-0.41%
	WM	A	-0.41%
	COR	B	-0.39%
	AVGO	D	-0.38%
	DVA	B	-0.37%
	INTU	C	-0.36%
	AAPL	C	-0.36%
	SCCO	F	-0.36%
	MSFT	F	-0.35%
	CLX	B	-0.35%
	TSCO	D	-0.34%
	CDNS	B	-0.33%
	LLY	F	-0.33%
	BAH	F	-0.32%
	KLAC	D	-0.32%
	IT	C	-0.32%
	MRK	F	-0.26%
	LRCX	F	-0.26%
	MEDP	D	-0.19%
	VVV	F	-0.11%
	GOOGL	C	-0.11%
	ADBE	C	-0.05%

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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband