VONV vs. JQUA ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to JPMorgan U.S. Quality Factor ETF (JQUA)

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

$83.18

Average Daily Volume

320,945

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$56.66

Average Daily Volume

435,603

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	VONV	JQUA
30 Days	2.59%	3.81%
60 Days	9.45%	10.81%
90 Days	9.65%	6.49%
12 Months	30.42%	33.74%

216 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in JQUA	Overlap
	A	B	0.17%	0.35%	0.17%
	ABBV	C	0.79%	1.37%	0.79%
	ABT	C	0.79%	0.86%	0.79%
	ACGL	A	0.16%	0.33%	0.16%
	ACN	B	0.86%	0.88%	0.86%
	ADI	B	0.47%	0.61%	0.47%
	ADP	A	0.03%	0.54%	0.03%
	AFG	A	0.04%	0.13%	0.04%
	AFL	A	0.25%	0.4%	0.25%
	AJG	C	0.24%	0.38%	0.24%
	AKAM	D	0.06%	0.21%	0.06%
	ALSN	A	0.03%	0.21%	0.03%
	AM	A	0.01%	0.03%	0.01%
	AMAT	C	0.05%	0.81%	0.05%
	AMP	A	0.02%	0.33%	0.02%
	ANSS	D	0.11%	0.18%	0.11%
	AON	A	0.27%	0.39%	0.27%
	AOS	C	0.04%	0.14%	0.04%
	APH	D	0.13%	0.48%	0.13%
	ATO	A	0.08%	0.09%	0.08%
	AYI	A	0.03%	0.13%	0.03%
	BBY	C	0.09%	0.17%	0.09%
	BDX	C	0.28%	0.43%	0.28%
	BKNG	B	0.03%	0.7%	0.03%
	BLDR	C	0.08%	0.21%	0.08%
	BLK	A	0.53%	0.59%	0.53%
	BMY	A	0.41%	0.55%	0.41%
	BR	B	0.01%	0.28%	0.01%
	BRK.A	B	3.5%	1.88%	1.88%
	BRO	A	0.06%	0.27%	0.06%
	BYD	B	0.02%	0.1%	0.02%
	CB	A	0.46%	0.5%	0.46%
	CBOE	B	0.09%	0.22%	0.09%
	CBSH	D	0.03%	0.17%	0.03%
	CCI	D	0.2%	0.14%	0.14%
	CDW	D	0.06%	0.21%	0.06%
	CF	A	0.06%	0.2%	0.06%
	CHD	D	0.1%	0.14%	0.1%
	CHE	D	0.03%	0.23%	0.03%
	CHH	A	0.0%	0.08%	0.0%
	CHRW	C	0.05%	0.02%	0.02%
	CL	D	0.16%	0.46%	0.16%
	CLH	B	0.05%	0.24%	0.05%
	CNC	F	0.17%	0.15%	0.15%
	CNM	F	0.01%	0.15%	0.01%
	COKE	C	0.03%	0.09%	0.03%
	COP	D	0.54%	0.38%	0.38%
	CPRT	B	0.01%	0.34%	0.01%
	CPT	C	0.05%	0.11%	0.05%
	CRI	D	0.01%	0.19%	0.01%
	CRM	B	0.14%	1.09%	0.14%
	CRUS	D	0.03%	0.14%	0.03%
	CSCO	A	0.82%	0.94%	0.82%
	CSL	A	0.07%	0.28%	0.07%
	CTAS	C	0.01%	0.45%	0.01%
	CTRA	D	0.07%	0.22%	0.07%
	CTSH	B	0.16%	0.33%	0.16%
	CUBE	C	0.05%	0.06%	0.05%
	CVX	B	1.02%	0.67%	0.67%
	DASH	A	0.02%	0.37%	0.02%
	DBX	C	0.02%	0.23%	0.02%
	DCI	B	0.04%	0.16%	0.04%
	DKS	D	0.05%	0.22%	0.05%
	DLB	D	0.02%	0.17%	0.02%
	DOX	B	0.04%	0.22%	0.04%
	DRI	C	0.04%	0.23%	0.04%
	DV	F	0.0%	0.1%	0.0%
	DXC	C	0.02%	0.11%	0.02%
	EA	D	0.16%	0.32%	0.16%
	EBAY	A	0.12%	0.32%	0.12%
	ED	C	0.14%	0.23%	0.14%
	ELS	D	0.05%	0.14%	0.05%
	EOG	B	0.3%	0.35%	0.3%
	EPAM	F	0.04%	0.13%	0.04%
	EQR	C	0.11%	0.09%	0.09%
	EVRG	C	0.05%	0.14%	0.05%
	EW	F	0.14%	0.24%	0.14%
	EXP	C	0.01%	0.15%	0.01%
	EXPD	D	0.06%	0.24%	0.06%
	EXR	D	0.15%	0.26%	0.15%
	FAST	C	0.02%	0.08%	0.02%
	FDS	C	0.04%	0.22%	0.04%
	FFIV	B	0.05%	0.26%	0.05%
	FNF	C	0.06%	0.19%	0.06%
	FTNT	A	0.04%	0.36%	0.04%
	GGG	C	0.06%	0.21%	0.06%
	GILD	A	0.4%	0.56%	0.4%
	GLPI	C	0.05%	0.07%	0.05%
	GNTX	D	0.03%	0.05%	0.03%
	GWRE	A	0.03%	0.1%	0.03%
	GWW	B	0.02%	0.37%	0.02%
	HD	A	0.3%	1.52%	0.3%
	HIG	A	0.14%	0.23%	0.14%
	HOLX	D	0.08%	0.25%	0.08%
	HPE	B	0.1%	0.18%	0.1%
	HPQ	B	0.11%	0.21%	0.11%
	HRB	C	0.03%	0.22%	0.03%
	HST	D	0.05%	0.25%	0.05%
	IBM	A	0.74%	0.73%	0.73%
	ICE	A	0.37%	0.38%	0.37%
	IEX	D	0.06%	0.2%	0.06%
	INGR	B	0.04%	0.08%	0.04%
	IPGP	D	0.01%	0.09%	0.01%
	ITW	C	0.19%	0.44%	0.19%
	JAZZ	F	0.03%	0.2%	0.03%
	JBL	C	0.05%	0.16%	0.05%
	JKHY	A	0.05%	0.15%	0.05%
	JNJ	D	1.61%	1.54%	1.54%
	KEYS	B	0.11%	0.25%	0.11%
	KMB	D	0.11%	0.32%	0.11%
	KO	C	0.48%	0.9%	0.48%
	LAMR	C	0.03%	0.24%	0.03%
	LDOS	A	0.09%	0.17%	0.09%
	LECO	D	0.03%	0.21%	0.03%
	LEN	C	0.18%	0.26%	0.18%
	LEN	C	0.01%	0.26%	0.01%
	LIN	C	0.92%	0.97%	0.92%
	LMT	A	0.33%	0.62%	0.33%
	LOPE	D	0.01%	0.2%	0.01%
	LPX	C	0.01%	0.09%	0.01%
	LSCC	D	0.0%	0.21%	0.0%
	LSTR	F	0.03%	0.22%	0.03%
	MAA	D	0.08%	0.21%	0.08%
	MAR	A	0.22%	0.39%	0.22%
	MCD	A	0.78%	0.92%	0.78%
	MCHP	F	0.17%	0.33%	0.17%
	MCK	F	0.17%	0.19%	0.17%
	MMC	D	0.39%	0.55%	0.39%
	MMM	C	0.24%	0.37%	0.24%
	MO	D	0.37%	0.48%	0.37%
	MPC	D	0.25%	0.09%	0.09%
	MRVL	C	0.24%	0.32%	0.24%
	MSGS	A	0.01%	0.15%	0.01%
	MSI	A	0.15%	0.32%	0.15%
	MSM	D	0.02%	0.14%	0.02%
	MTCH	B	0.04%	0.14%	0.04%
	MTD	C	0.12%	0.28%	0.12%
	MTSI	B	0.02%	0.13%	0.02%
	NDAQ	C	0.12%	0.27%	0.12%
	NDSN	C	0.06%	0.11%	0.06%
	NFG	A	0.02%	0.17%	0.02%
	NKE	D	0.15%	0.58%	0.15%
	NRG	A	0.04%	0.15%	0.04%
	NTAP	D	0.06%	0.19%	0.06%
	NTNX	C	0.04%	0.15%	0.04%
	NVR	C	0.11%	0.3%	0.11%
	OGE	C	0.03%	0.21%	0.03%
	OKTA	F	0.03%	0.12%	0.03%
	OLN	D	0.02%	0.11%	0.02%
	ORLY	A	0.02%	0.42%	0.02%
	PATH	D	0.0%	0.12%	0.0%
	PAYC	D	0.01%	0.19%	0.01%
	PAYX	B	0.11%	0.32%	0.11%
	PEG	A	0.16%	0.13%	0.13%
	PG	D	1.26%	1.44%	1.26%
	PGR	B	0.09%	0.43%	0.09%
	PHM	C	0.11%	0.07%	0.07%
	PINC	F	0.01%	0.06%	0.01%
	PRI	A	0.04%	0.13%	0.04%
	PSA	C	0.18%	0.39%	0.18%
	PSTG	F	0.01%	0.2%	0.01%
	QCOM	D	0.05%	0.85%	0.05%
	QGEN	F	0.04%	0.09%	0.04%
	QRVO	F	0.04%	0.17%	0.04%
	REGN	D	0.46%	0.55%	0.46%
	RLI	A	0.02%	0.09%	0.02%
	RMD	C	0.1%	0.31%	0.1%
	ROP	D	0.24%	0.27%	0.24%
	ROST	D	0.15%	0.35%	0.15%
	RPM	A	0.05%	0.14%	0.05%
	RPRX	D	0.05%	0.16%	0.05%
	RS	D	0.07%	0.06%	0.06%
	RSG	D	0.17%	0.33%	0.17%
	SAIC	A	0.03%	0.15%	0.03%
	SBUX	B	0.1%	0.56%	0.1%
	SEIC	B	0.03%	0.22%	0.03%
	SKX	B	0.03%	0.13%	0.03%
	SNX	C	0.04%	0.0%	0.0%
	SOLV	C	0.04%	0.17%	0.04%
	SPG	A	0.16%	0.28%	0.16%
	SPGI	C	0.64%	0.55%	0.55%
	SSNC	C	0.06%	0.13%	0.06%
	STE	D	0.1%	0.18%	0.1%
	SWKS	F	0.07%	0.22%	0.07%
	T	B	0.57%	0.3%	0.3%
	TECH	D	0.05%	0.06%	0.05%
	TER	C	0.01%	0.27%	0.01%
	TJX	D	0.22%	0.64%	0.22%
	TPR	B	0.04%	0.19%	0.04%
	TRV	B	0.21%	0.37%	0.21%
	TWLO	B	0.04%	0.15%	0.04%
	TYL	D	0.02%	0.19%	0.02%
	UGI	C	0.02%	0.17%	0.02%
	ULTA	D	0.01%	0.16%	0.01%
	UNP	F	0.33%	0.7%	0.33%
	UPS	D	0.38%	0.04%	0.04%
	UTHR	C	0.06%	0.25%	0.06%
	VIRT	B	0.01%	0.01%	0.01%
	VRSN	C	0.06%	0.23%	0.06%
	VZ	C	0.71%	0.52%	0.52%
	WAT	B	0.03%	0.06%	0.03%
	WEC	B	0.12%	0.3%	0.12%
	WH	C	0.02%	0.08%	0.02%
	WMS	D	0.03%	0.19%	0.03%
	WMT	A	1.35%	0.21%	0.21%
	WRB	C	0.07%	0.24%	0.07%
	WSM	C	0.03%	0.29%	0.03%
	WSO	C	0.07%	0.26%	0.07%
	WU	D	0.01%	0.15%	0.01%
	WY	C	0.09%	0.28%	0.09%
	XOM	A	2.12%	1.65%	1.65%
	YETI	C	0.01%	0.11%	0.01%
	YUM	C	0.09%	0.29%	0.09%
	ZI	F	0.01%	0.09%	0.01%
	ZM	B	0.07%	0.16%	0.07%
	ZTS	C	0.06%	0.5%	0.06%

VONV Overweight 628 Positions Relative to JQUA

	Symbol	Grade	Weight
	JPM	C	2.59%
	UNH	B	2.03%
	BAC	B	1.11%
	TMO	D	0.94%
	WFC	B	0.82%
	PM	D	0.77%
	DHR	D	0.72%
	TXN	C	0.69%
	DIS	D	0.67%
	RTX	A	0.66%
	PFE	D	0.66%
	NEE	C	0.66%
	CMCSA	B	0.62%
	GE	B	0.6%
	CAT	A	0.6%
	LOW	C	0.57%
	ETN	B	0.49%
	C	B	0.48%
	BSX	A	0.48%
	GS	B	0.47%
	MDT	C	0.47%
	PLD	D	0.47%
	HON	C	0.46%
	MS	A	0.45%
	ELV	F	0.44%
	MU	D	0.43%
	TMUS	A	0.39%
	MDLZ	D	0.39%
	DE	C	0.39%
	INTC	D	0.38%
	SO	A	0.38%
	CI	D	0.37%
	SYK	C	0.37%
	AXP	A	0.37%
	SCHW	D	0.35%
	DUK	C	0.35%
	BA	F	0.34%
	AMD	C	0.33%
	GD	C	0.33%
	PH	A	0.31%
	USB	C	0.3%
	EQIX	C	0.3%
	PYPL	A	0.3%
	TGT	C	0.29%
	WELL	C	0.29%
	CVS	D	0.29%
	NOC	B	0.29%
	PNC	C	0.29%
	FI	A	0.28%
	CSX	D	0.27%
	FDX	F	0.27%
	VRTX	D	0.26%
	NEM	C	0.25%
	APD	C	0.25%
	SLB	D	0.25%
	FCX	B	0.25%
	TFC	D	0.24%
	KKR	A	0.24%
	PSX	D	0.24%
	TDG	A	0.24%
	EMR	B	0.24%
	GM	D	0.23%
	HCA	C	0.23%
	NSC	C	0.23%
	OKE	A	0.22%
	TT	A	0.22%
	GEV	A	0.22%
	COF	A	0.22%
	WMB	A	0.22%
	DHI	C	0.22%
	AIG	C	0.21%
	SRE	C	0.21%
	CEG	A	0.21%
	AEP	C	0.21%
	O	C	0.21%
	DLR	C	0.2%
	CARR	A	0.2%
	PCAR	D	0.2%
	PEP	F	0.2%
	BK	A	0.2%
	MET	A	0.19%
	FIS	A	0.19%
	D	A	0.19%
	VLO	F	0.19%
	F	D	0.18%
	LHX	A	0.18%
	JCI	C	0.17%
	KMI	A	0.17%
	ALL	A	0.17%
	KVUE	C	0.17%
	PCG	C	0.17%
	HUM	F	0.17%
	CMI	A	0.17%
	PRU	B	0.17%
	KDP	C	0.16%
	AME	C	0.16%
	AMGN	D	0.16%
	CTVA	A	0.16%
	IQV	F	0.16%
	GIS	C	0.16%
	NUE	D	0.15%
	HWM	A	0.15%
	IR	A	0.15%
	URI	C	0.15%
	DOW	B	0.15%
	OXY	D	0.15%
	EXC	C	0.15%
	OTIS	A	0.15%
	STZ	D	0.15%
	XEL	C	0.14%
	DFS	A	0.14%
	FANG	D	0.14%
	VICI	C	0.14%
	BKR	B	0.14%
	DD	C	0.14%
	CBRE	C	0.14%
	KR	C	0.14%
	CSGP	F	0.13%
	KHC	F	0.13%
	AVB	C	0.13%
	GLW	C	0.13%
	CHTR	D	0.13%
	GEHC	C	0.13%
	EIX	C	0.13%
	XYL	C	0.13%
	ON	F	0.13%
	FITB	C	0.12%
	WAB	A	0.12%
	BIIB	F	0.12%
	WTW	C	0.12%
	ADM	F	0.12%
	EFX	D	0.12%
	PPG	D	0.12%
	MLM	F	0.12%
	STT	A	0.11%
	HLT	A	0.11%
	IFF	D	0.11%
	TTWO	D	0.11%
	DAL	C	0.11%
	HAL	D	0.11%
	PWR	A	0.11%
	AWK	D	0.11%
	DVN	F	0.11%
	GPN	F	0.11%
	ROK	D	0.11%
	GRMN	D	0.11%
	MTB	A	0.11%
	ES	D	0.1%
	VMC	D	0.1%
	DELL	C	0.1%
	FSLR	C	0.1%
	SBAC	C	0.1%
	FCNCA	D	0.1%
	HSY	D	0.1%
	MRNA	F	0.1%
	VTR	C	0.1%
	FE	C	0.1%
	RCL	B	0.1%
	DOV	C	0.1%
	LYB	B	0.1%
	ETR	A	0.1%
	DTE	B	0.1%
	FTV	C	0.1%
	SQ	D	0.09%
	HUBB	A	0.09%
	WDC	C	0.09%
	RF	B	0.09%
	HBAN	B	0.09%
	AEE	A	0.09%
	INVH	D	0.09%
	RJF	B	0.09%
	TROW	D	0.09%
	PPL	C	0.09%
	ZBH	F	0.09%
	MSCI	B	0.08%
	J	F	0.08%
	PFG	A	0.08%
	WBD	F	0.08%
	ESS	D	0.08%
	BAX	D	0.08%
	OMC	C	0.08%
	MSTR	B	0.08%
	APTV	D	0.08%
	CFG	C	0.08%
	BALL	C	0.08%
	GPC	D	0.08%
	SYF	A	0.08%
	MKC	C	0.08%
	CMS	A	0.08%
	TDY	A	0.08%
	ARE	D	0.08%
	LNG	A	0.08%
	ILMN	B	0.08%
	CINF	A	0.08%
	K	B	0.08%
	MRO	B	0.07%
	AMCR	C	0.07%
	CCL	C	0.07%
	SUI	D	0.07%
	IP	C	0.07%
	BMRN	F	0.07%
	LUV	B	0.07%
	CNP	B	0.07%
	DLTR	F	0.07%
	TXT	F	0.07%
	DGX	D	0.07%
	MAS	C	0.07%
	AVTR	D	0.07%
	TRU	C	0.07%
	STLD	C	0.07%
	TSN	D	0.07%
	DG	F	0.07%
	NTRS	B	0.07%
	EQT	C	0.07%
	PKG	B	0.07%
	UHS	D	0.06%
	TRMB	B	0.06%
	ZBRA	B	0.06%
	EG	A	0.06%
	IRM	B	0.06%
	BG	F	0.06%
	VTRS	D	0.06%
	JBHT	D	0.06%
	UAL	A	0.06%
	RGA	B	0.06%
	OC	C	0.06%
	UDR	C	0.06%
	PNR	C	0.06%
	SNA	C	0.06%
	SYY	D	0.06%
	NI	A	0.06%
	L	C	0.06%
	CAG	D	0.06%
	GEN	A	0.06%
	TOL	C	0.06%
	LNT	B	0.06%
	RVTY	C	0.06%
	APO	A	0.06%
	VLTO	A	0.06%
	KIM	C	0.06%
	MKL	B	0.06%
	SWK	C	0.06%
	RBA	D	0.06%
	KEY	B	0.06%
	DOC	C	0.06%
	THC	D	0.06%
	NVT	C	0.05%
	INCY	B	0.05%
	ITT	C	0.05%
	BLD	D	0.05%
	OVV	D	0.05%
	FTI	B	0.05%
	TFX	C	0.05%
	EWBC	B	0.05%
	RIVN	F	0.05%
	BXP	B	0.05%
	SJM	D	0.05%
	EMN	C	0.05%
	CW	A	0.05%
	ALLE	A	0.05%
	SW	C	0.05%
	AES	C	0.05%
	IPG	D	0.05%
	KMX	F	0.05%
	JNPR	C	0.05%
	WPC	C	0.05%
	RNR	A	0.05%
	REG	C	0.05%
	HOOD	B	0.05%
	IBKR	A	0.05%
	AMH	D	0.05%
	EL	D	0.05%
	USFD	C	0.05%
	ACM	A	0.05%
	HES	D	0.05%
	SF	A	0.04%
	WAL	C	0.04%
	CG	B	0.04%
	EVR	C	0.04%
	NYT	C	0.04%
	EGP	D	0.04%
	MKTX	B	0.04%
	WST	D	0.04%
	HSIC	D	0.04%
	CNH	C	0.04%
	ORI	A	0.04%
	FHN	D	0.04%
	GPK	D	0.04%
	MOS	F	0.04%
	MGM	D	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	DPZ	D	0.04%
	HRL	F	0.04%
	TAP	D	0.04%
	FRT	D	0.04%
	CPB	D	0.04%
	ARMK	C	0.04%
	TTC	F	0.04%
	GL	C	0.04%
	OHI	C	0.04%
	PFGC	A	0.04%
	CHK	C	0.04%
	WTRG	D	0.04%
	FOXA	B	0.04%
	FBIN	C	0.04%
	WWD	C	0.04%
	TTEK	A	0.04%
	PNW	C	0.04%
	AFRM	C	0.04%
	CRL	F	0.04%
	ATR	A	0.04%
	AIZ	B	0.04%
	ALLY	F	0.04%
	COHR	B	0.04%
	APA	F	0.04%
	CVNA	A	0.04%
	BJ	B	0.04%
	CCK	C	0.04%
	UNM	A	0.04%
	ALB	D	0.04%
	CACI	A	0.04%
	NWSA	D	0.04%
	CE	D	0.04%
	REXR	D	0.04%
	CTLT	A	0.04%
	EME	B	0.04%
	LKQ	F	0.04%
	AVY	D	0.04%
	CASY	D	0.04%
	RRX	B	0.04%
	CAH	B	0.04%
	SCI	D	0.04%
	HII	F	0.04%
	IVZ	A	0.03%
	R	C	0.03%
	GME	D	0.03%
	PARA	F	0.03%
	VFC	A	0.03%
	FAF	C	0.03%
	RHI	D	0.03%
	FICO	C	0.03%
	AAL	D	0.03%
	MAT	B	0.03%
	BIO	B	0.03%
	FLS	A	0.03%
	CGNX	F	0.03%
	BPOP	D	0.03%
	Z	C	0.03%
	LEA	F	0.03%
	RL	B	0.03%
	PB	D	0.03%
	CFR	B	0.03%
	DAR	F	0.03%
	WBA	F	0.03%
	LFUS	C	0.03%
	SNV	D	0.03%
	XP	F	0.03%
	MSA	F	0.03%
	MTG	A	0.03%
	EXAS	C	0.03%
	BFAM	C	0.03%
	G	A	0.03%
	BBWI	F	0.03%
	SOFI	C	0.03%
	KEX	C	0.03%
	SWN	D	0.03%
	NOV	F	0.03%
	SSD	B	0.03%
	OSK	F	0.03%
	PR	D	0.03%
	FYBR	C	0.03%
	WTFC	B	0.03%
	RRC	D	0.03%
	MTZ	A	0.03%
	AGNC	B	0.03%
	CROX	C	0.03%
	MNST	D	0.03%
	ZION	D	0.03%
	VOYA	A	0.03%
	RGEN	F	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	WYNN	B	0.03%
	ROKU	C	0.03%
	ARW	C	0.03%
	BRBR	A	0.03%
	HLI	A	0.03%
	STAG	D	0.03%
	ALGN	D	0.03%
	ACHC	F	0.03%
	BWXT	A	0.03%
	FR	D	0.03%
	MKSI	F	0.03%
	MIDD	D	0.03%
	FND	C	0.03%
	MOH	F	0.03%
	PNFP	B	0.03%
	CRBG	B	0.03%
	CMA	C	0.03%
	DAY	C	0.03%
	ELAN	D	0.03%
	DTM	A	0.03%
	SHW	C	0.03%
	CR	A	0.03%
	JEF	A	0.03%
	ONTO	B	0.03%
	AR	C	0.03%
	BWA	C	0.03%
	ATI	C	0.03%
	DINO	F	0.03%
	BERY	C	0.03%
	AXTA	C	0.03%
	FCN	C	0.03%
	FMC	C	0.03%
	AA	B	0.03%
	TKO	A	0.03%
	APG	F	0.03%
	WBS	D	0.03%
	CZR	B	0.03%
	GMED	B	0.03%
	LAD	C	0.03%
	KNX	D	0.03%
	ACI	F	0.03%
	BRX	C	0.03%
	MHK	C	0.03%
	COLD	D	0.03%
	CIEN	A	0.03%
	TW	A	0.03%
	JLL	C	0.03%
	PTC	B	0.03%
	ECL	C	0.03%
	KBR	A	0.03%
	X	F	0.03%
	RBC	C	0.03%
	NNN	C	0.03%
	KMPR	D	0.02%
	LITE	A	0.02%
	NEU	F	0.02%
	LSXMK	D	0.02%
	W	C	0.02%
	IAC	C	0.02%
	PRGO	F	0.02%
	SITE	D	0.02%
	CPRI	C	0.02%
	DOCS	A	0.02%
	CLF	D	0.02%
	UHAL	C	0.02%
	SAIA	D	0.02%
	BILL	D	0.02%
	KRC	C	0.02%
	AGO	B	0.02%
	M	D	0.02%
	ROIV	D	0.02%
	CUZ	C	0.02%
	FRPT	A	0.02%
	SLGN	B	0.02%
	FLO	D	0.02%
	PSN	A	0.02%
	PII	D	0.02%
	CIVI	F	0.02%
	OLED	B	0.02%
	ASH	F	0.02%
	GAP	F	0.02%
	HOG	D	0.02%
	ALK	C	0.02%
	S	C	0.02%
	RYN	C	0.02%
	GFS	F	0.02%
	AN	D	0.02%
	OZK	D	0.02%
	WTM	C	0.02%
	EEFT	F	0.02%
	GNRC	B	0.02%
	ZG	C	0.02%
	AZO	D	0.02%
	AL	D	0.02%
	SEE	C	0.02%
	SLM	B	0.02%
	WLK	C	0.02%
	JHG	A	0.02%
	AVT	B	0.02%
	WSC	D	0.02%
	FOX	B	0.02%
	SN	A	0.02%
	IDA	D	0.02%
	MDU	C	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	A	0.02%
	COLB	C	0.02%
	WHR	C	0.02%
	FNB	D	0.02%
	BC	C	0.02%
	KD	D	0.02%
	VNT	F	0.02%
	THO	C	0.02%
	TKR	B	0.02%
	OLLI	C	0.02%
	SRCL	B	0.02%
	LBRDK	C	0.02%
	LNC	B	0.02%
	SON	D	0.02%
	AMG	B	0.02%
	OMF	D	0.02%
	PVH	D	0.02%
	AGCO	D	0.02%
	H	B	0.02%
	VMI	B	0.02%
	POST	C	0.02%
	BEN	F	0.02%
	OGN	F	0.02%
	ST	F	0.02%
	COIN	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	ESI	C	0.02%
	VNO	B	0.02%
	LW	D	0.02%
	MTDR	D	0.02%
	STWD	C	0.02%
	AXS	A	0.02%
	SNDR	D	0.01%
	LYFT	D	0.01%
	CERT	F	0.01%
	WEN	B	0.01%
	TRIP	D	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	C	0.01%
	UAA	B	0.01%
	REYN	D	0.01%
	BROS	F	0.01%
	PPC	C	0.01%
	AZEK	D	0.01%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	FTRE	F	0.01%
	SHC	C	0.01%
	SAM	D	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	GLOB	D	0.01%
	ADTN	C	0.01%
	HAYW	C	0.01%
	KSS	D	0.01%
	RCM	B	0.01%
	ETSY	F	0.01%
	JWN	D	0.01%
	HHH	C	0.01%
	BOKF	B	0.01%
	MASI	B	0.01%
	AGR	C	0.01%
	ENOV	F	0.01%
	CWEN	C	0.01%
	BRKR	D	0.01%
	VAC	D	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	D	0.01%
	COLM	B	0.01%
	AZTA	F	0.01%
	U	D	0.01%
	RKT	D	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	C	0.01%
	BHF	D	0.01%
	CXT	F	0.01%
	NWL	D	0.01%
	SMG	C	0.01%
	RH	C	0.01%
	TNL	B	0.01%
	FHB	D	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	TPG	A	0.01%
	PLNT	B	0.01%
	NXST	D	0.01%
	NWS	D	0.01%
	NSA	D	0.01%
	HIW	C	0.01%
	MAN	D	0.01%
	EPR	C	0.01%
	LCID	F	0.01%
	SPR	D	0.01%
	CNXC	F	0.01%
	HUN	B	0.01%
	DNB	D	0.01%
	AWI	A	0.01%
	COTY	F	0.01%
	ALNY	C	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	C	0.0%
	SEG	F	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	UI	B	0.0%
	IONS	F	0.0%
	LBRDA	C	0.0%
	PLTK	C	0.0%
	CACC	F	0.0%
	SIRI	C	0.0%
	TFSL	D	0.0%
	HCP	A	0.0%
	CWEN	C	0.0%
	SEB	F	0.0%
	TXG	F	0.0%
	FIVE	D	0.0%
	CAR	D	0.0%
	PYCR	D	0.0%
	NCNO	F	0.0%
	DDS	D	0.0%
	AMC	F	0.0%
	MTN	D	0.0%
	CNA	D	0.0%
	HAS	A	0.0%
	UA	B	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 60 Positions Relative to JQUA

	Symbol	Grade	Weight
	META	A	-2.1%
	NVDA	B	-1.96%
	AAPL	C	-1.96%
	MSFT	D	-1.81%
	GOOGL	B	-1.78%
	V	B	-1.67%
	MA	A	-1.54%
	COST	C	-1.52%
	AVGO	B	-1.33%
	MRK	F	-1.18%
	ORCL	A	-0.89%
	ADBE	F	-0.84%
	NOW	B	-0.78%
	INTU	F	-0.77%
	KLAC	B	-0.59%
	LRCX	D	-0.55%
	PANW	B	-0.55%
	WM	B	-0.48%
	MCO	D	-0.45%
	SNPS	F	-0.44%
	CDNS	D	-0.42%
	APP	A	-0.4%
	PLTR	A	-0.39%
	IDXX	D	-0.35%
	CRWD	D	-0.34%
	IT	A	-0.33%
	VRSK	D	-0.32%
	LULU	D	-0.31%
	DECK	B	-0.29%
	ABNB	D	-0.28%
	WDAY	D	-0.27%
	DDOG	B	-0.27%
	MPWR	B	-0.27%
	SCCO	B	-0.26%
	MANH	A	-0.26%
	POOL	D	-0.25%
	VRT	B	-0.24%
	DOCU	A	-0.24%
	CLX	C	-0.23%
	EXPE	B	-0.23%
	ROL	C	-0.22%
	RNG	F	-0.22%
	TEAM	D	-0.22%
	MEDP	F	-0.21%
	DVA	C	-0.21%
	AMT	D	-0.2%
	DT	B	-0.2%
	SNOW	F	-0.19%
	ZS	F	-0.17%
	PINS	D	-0.17%
	TDC	D	-0.15%
	TOST	B	-0.15%
	PEN	D	-0.15%
	ENTG	D	-0.14%
	PEGA	B	-0.13%
	SMAR	A	-0.13%
	PCOR	D	-0.12%
	TSCO	A	-0.12%
	BSY	D	-0.12%
	TPL	A	-0.08%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Software - Application Asset Management Business Services Semiconductors Biotechnology Specialty Retail Capital Markets Diagnostics & Research 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 Beverage Dow Jones Component Plastic

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P

Keywords: S&P 500 Nasdaq 100 Computing Insurance Electronics Dow Jones Component Work From Home Cloud Computing Telecommunications Mobile Devices Semiconductor Software As A Service Integrated Circuits Natural Gas Aerospace Real Estate Investment Trust Software Clothing Cloud Infrastructure IBD 50