VONV vs. JVAL ETF Comparison

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

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

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value 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 value factor characteristics.

Grade (RS Rating)

Last Trade

$45.23

Average Daily Volume

59,043

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

Performance

Period	VONV	JVAL
30 Days	3.51%	4.55%
60 Days	4.96%	4.91%
90 Days	7.00%	6.18%
12 Months	29.73%	29.11%

342 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in JVAL	Overlap
	AAP	C	0.01%	0.1%	0.01%
	ACI	C	0.03%	0.17%	0.03%
	ADI	D	0.44%	0.54%	0.44%
	ADM	D	0.11%	0.24%	0.11%
	ADTN	A	0.01%	0.11%	0.01%
	AGCO	D	0.02%	0.17%	0.02%
	AGNC	D	0.03%	0.11%	0.03%
	AGO	B	0.02%	0.19%	0.02%
	AGR	B	0.01%	0.1%	0.01%
	AIG	B	0.2%	0.36%	0.2%
	AKAM	D	0.06%	0.21%	0.06%
	AL	B	0.02%	0.05%	0.02%
	ALGM	D	0.01%	0.0%	0.0%
	ALLY	C	0.03%	0.21%	0.03%
	ALSN	B	0.04%	0.29%	0.04%
	AMAT	F	0.05%	0.7%	0.05%
	AMCR	D	0.06%	0.22%	0.06%
	AMGN	D	0.15%	0.65%	0.15%
	AMKR	D	0.01%	0.07%	0.01%
	AN	C	0.02%	0.2%	0.02%
	ANSS	B	0.11%	0.19%	0.11%
	APH	A	0.13%	0.51%	0.13%
	APTV	D	0.06%	0.12%	0.06%
	ARMK	B	0.04%	0.13%	0.04%
	ARW	D	0.03%	0.19%	0.03%
	AVT	C	0.02%	0.21%	0.02%
	AXS	A	0.02%	0.16%	0.02%
	AYI	B	0.04%	0.2%	0.04%
	BAC	A	1.14%	0.45%	0.45%
	BAX	D	0.07%	0.13%	0.07%
	BBWI	D	0.03%	0.12%	0.03%
	BBY	D	0.08%	0.23%	0.08%
	BC	C	0.02%	0.21%	0.02%
	BDX	F	0.27%	0.06%	0.06%
	BEN	C	0.02%	0.14%	0.02%
	BERY	B	0.03%	0.19%	0.03%
	BG	F	0.05%	0.14%	0.05%
	BK	A	0.22%	0.4%	0.22%
	BLDR	D	0.07%	0.25%	0.07%
	BMY	B	0.45%	0.51%	0.45%
	BOKF	B	0.01%	0.09%	0.01%
	BPOP	B	0.02%	0.21%	0.02%
	BRX	A	0.03%	0.01%	0.01%
	BWA	D	0.03%	0.16%	0.03%
	BYD	C	0.02%	0.18%	0.02%
	C	A	0.49%	0.65%	0.49%
	CACI	D	0.05%	0.26%	0.05%
	CAG	D	0.06%	0.2%	0.06%
	CAT	B	0.63%	0.85%	0.63%
	CCK	C	0.04%	0.22%	0.04%
	CDW	F	0.05%	0.24%	0.05%
	CE	F	0.04%	0.04%	0.04%
	CF	B	0.06%	0.06%	0.06%
	CFG	B	0.08%	0.28%	0.08%
	CI	F	0.32%	0.47%	0.32%
	CIVI	D	0.01%	0.1%	0.01%
	CLF	F	0.02%	0.02%	0.02%
	CLVT	F	0.01%	0.14%	0.01%
	CMA	A	0.03%	0.23%	0.03%
	CMCSA	B	0.67%	0.49%	0.49%
	CMI	A	0.18%	0.4%	0.18%
	CNC	D	0.13%	0.2%	0.13%
	CNH	C	0.04%	0.18%	0.04%
	CNXC	F	0.01%	0.11%	0.01%
	COF	B	0.25%	0.48%	0.25%
	COLB	A	0.02%	0.19%	0.02%
	COLM	B	0.01%	0.1%	0.01%
	CPB	D	0.04%	0.17%	0.04%
	CPRI	F	0.01%	0.01%	0.01%
	CRBG	B	0.03%	0.18%	0.03%
	CRI	D	0.01%	0.15%	0.01%
	CRM	B	0.17%	1.33%	0.17%
	CROX	D	0.02%	0.11%	0.02%
	CRUS	D	0.02%	0.16%	0.02%
	CSCO	B	0.89%	0.77%	0.77%
	CTRA	B	0.07%	0.24%	0.07%
	CTSH	B	0.15%	0.33%	0.15%
	CUZ	B	0.02%	0.11%	0.02%
	CVS	D	0.29%	0.4%	0.29%
	CVX	A	1.03%	0.74%	0.74%
	CWEN	C	0.0%	0.1%	0.0%
	CWEN	C	0.01%	0.1%	0.01%
	CXT	B	0.01%	0.14%	0.01%
	D	C	0.2%	0.09%	0.09%
	DAL	C	0.15%	0.27%	0.15%
	DBX	B	0.02%	0.24%	0.02%
	DD	D	0.14%	0.31%	0.14%
	DDS	B	0.0%	0.1%	0.0%
	DELL	C	0.11%	0.36%	0.11%
	DG	F	0.07%	0.14%	0.07%
	DGX	A	0.07%	0.25%	0.07%
	DHI	D	0.2%	0.32%	0.2%
	DINO	D	0.02%	0.16%	0.02%
	DKS	C	0.04%	0.21%	0.04%
	DLB	B	0.02%	0.21%	0.02%
	DNB	B	0.01%	0.21%	0.01%
	DOV	A	0.1%	0.3%	0.1%
	DOW	F	0.14%	0.22%	0.14%
	DOX	D	0.04%	0.22%	0.04%
	DRI	B	0.04%	0.23%	0.04%
	DV	C	0.0%	0.17%	0.0%
	DVN	F	0.1%	0.13%	0.1%
	DXC	B	0.01%	0.16%	0.01%
	EBAY	D	0.12%	0.3%	0.12%
	ED	D	0.14%	0.28%	0.14%
	EHC	B	0.04%	0.15%	0.04%
	ELV	F	0.32%	0.45%	0.32%
	EPAM	C	0.04%	0.27%	0.04%
	EPR	D	0.01%	0.18%	0.01%
	EQR	B	0.11%	0.04%	0.04%
	ETR	B	0.13%	0.33%	0.13%
	EVRG	A	0.05%	0.24%	0.05%
	EXC	C	0.16%	0.21%	0.16%
	F	C	0.16%	0.34%	0.16%
	FAF	A	0.03%	0.19%	0.03%
	FANG	D	0.13%	0.06%	0.06%
	FBIN	D	0.04%	0.12%	0.04%
	FDX	B	0.25%	0.41%	0.25%
	FFIV	B	0.05%	0.27%	0.05%
	FHB	A	0.01%	0.13%	0.01%
	FHN	A	0.04%	0.19%	0.04%
	FIS	C	0.2%	0.14%	0.14%
	FITB	A	0.12%	0.32%	0.12%
	FMC	D	0.03%	0.12%	0.03%
	FNB	A	0.02%	0.21%	0.02%
	FOXA	B	0.04%	0.25%	0.04%
	FTRE	D	0.01%	0.07%	0.01%
	G	B	0.03%	0.14%	0.03%
	GAP	C	0.02%	0.19%	0.02%
	GD	F	0.32%	0.38%	0.32%
	GEN	B	0.06%	0.27%	0.06%
	GFS	C	0.01%	0.21%	0.01%
	GILD	C	0.44%	0.52%	0.44%
	GIS	D	0.15%	0.26%	0.15%
	GLOB	B	0.01%	0.16%	0.01%
	GLPI	C	0.05%	0.13%	0.05%
	GLW	B	0.15%	0.33%	0.15%
	GM	B	0.23%	0.44%	0.23%
	GNTX	C	0.03%	0.18%	0.03%
	GPC	D	0.06%	0.19%	0.06%
	GPK	C	0.03%	0.21%	0.03%
	GPN	B	0.11%	0.19%	0.11%
	GRMN	B	0.12%	0.33%	0.12%
	GTES	A	0.02%	0.13%	0.02%
	HBAN	A	0.09%	0.3%	0.09%
	HD	A	0.32%	0.82%	0.32%
	HII	D	0.03%	0.16%	0.03%
	HIW	D	0.01%	0.2%	0.01%
	HOG	D	0.02%	0.17%	0.02%
	HPE	B	0.1%	0.32%	0.1%
	HPQ	B	0.11%	0.32%	0.11%
	HRB	D	0.03%	0.2%	0.03%
	HRL	D	0.04%	0.1%	0.04%
	HSIC	B	0.04%	0.06%	0.04%
	HST	C	0.05%	0.14%	0.05%
	HUM	C	0.12%	0.19%	0.12%
	HUN	F	0.01%	0.03%	0.01%
	IAC	D	0.01%	0.1%	0.01%
	IBM	C	0.76%	0.84%	0.76%
	INFA	D	0.01%	0.11%	0.01%
	INGR	B	0.03%	0.15%	0.03%
	INTC	D	0.37%	0.6%	0.37%
	IP	B	0.08%	0.26%	0.08%
	IPG	D	0.04%	0.17%	0.04%
	IPGP	D	0.01%	0.14%	0.01%
	IVZ	B	0.03%	0.18%	0.03%
	JAZZ	B	0.03%	0.13%	0.03%
	JBL	B	0.05%	0.29%	0.05%
	JCI	C	0.17%	0.42%	0.17%
	JEF	A	0.03%	0.28%	0.03%
	JHG	A	0.02%	0.2%	0.02%
	JNJ	D	1.54%	1.22%	1.22%
	JWN	C	0.01%	0.15%	0.01%
	KBR	F	0.03%	0.24%	0.03%
	KEY	B	0.06%	0.22%	0.06%
	KHC	F	0.12%	0.26%	0.12%
	KIM	A	0.06%	0.23%	0.06%
	KMI	A	0.19%	0.39%	0.19%
	KR	B	0.15%	0.32%	0.15%
	KRC	C	0.02%	0.15%	0.02%
	KSS	F	0.01%	0.17%	0.01%
	LAD	A	0.04%	0.24%	0.04%
	LDOS	C	0.1%	0.32%	0.1%
	LEA	D	0.02%	0.13%	0.02%
	LEG	F	0.01%	0.11%	0.01%
	LEN	D	0.01%	0.3%	0.01%
	LEN	D	0.16%	0.3%	0.16%
	LH	C	0.08%	0.16%	0.08%
	LHX	C	0.19%	0.31%	0.19%
	LKQ	D	0.04%	0.16%	0.04%
	LNC	B	0.02%	0.08%	0.02%
	LOPE	B	0.01%	0.0%	0.0%
	LPX	B	0.01%	0.12%	0.01%
	LYB	F	0.09%	0.23%	0.09%
	M	D	0.02%	0.18%	0.02%
	MAN	D	0.01%	0.17%	0.01%
	MCHP	D	0.16%	0.28%	0.16%
	MDT	D	0.46%	0.51%	0.46%
	MDU	D	0.02%	0.13%	0.02%
	MGM	D	0.03%	0.18%	0.03%
	MO	A	0.37%	0.5%	0.37%
	MOS	F	0.03%	0.21%	0.03%
	MPC	D	0.21%	0.36%	0.21%
	MPW	F	0.01%	0.09%	0.01%
	MRO	B	0.06%	0.25%	0.06%
	MRVL	B	0.25%	0.48%	0.25%
	MSM	C	0.01%	0.2%	0.01%
	MTB	A	0.13%	0.27%	0.13%
	MTCH	D	0.04%	0.18%	0.04%
	MTG	C	0.03%	0.2%	0.03%
	MTN	C	0.0%	0.08%	0.0%
	MU	D	0.44%	0.42%	0.42%
	NFG	A	0.02%	0.2%	0.02%
	NNN	D	0.03%	0.1%	0.03%
	NTAP	C	0.05%	0.27%	0.05%
	NUE	C	0.14%	0.31%	0.14%
	NVR	D	0.1%	0.2%	0.1%
	NVT	B	0.05%	0.04%	0.04%
	NWL	B	0.01%	0.12%	0.01%
	NWSA	B	0.04%	0.23%	0.04%
	NXST	C	0.01%	0.21%	0.01%
	OC	A	0.06%	0.26%	0.06%
	OGE	B	0.03%	0.23%	0.03%
	OGN	D	0.02%	0.06%	0.02%
	OHI	C	0.04%	0.22%	0.04%
	OKTA	C	0.03%	0.13%	0.03%
	OLED	D	0.02%	0.19%	0.02%
	OMC	C	0.08%	0.25%	0.08%
	OMF	A	0.02%	0.21%	0.02%
	ON	D	0.12%	0.28%	0.12%
	ORI	A	0.03%	0.23%	0.03%
	OSK	B	0.03%	0.22%	0.03%
	OVV	B	0.04%	0.19%	0.04%
	OZK	B	0.02%	0.13%	0.02%
	PAG	B	0.01%	0.18%	0.01%
	PARA	C	0.03%	0.12%	0.03%
	PATH	C	0.0%	0.13%	0.0%
	PAYC	B	0.02%	0.31%	0.02%
	PB	A	0.03%	0.15%	0.03%
	PCAR	B	0.21%	0.39%	0.21%
	PFE	D	0.64%	0.65%	0.64%
	PFG	D	0.08%	0.25%	0.08%
	PH	A	0.32%	0.15%	0.15%
	PHM	D	0.11%	0.27%	0.11%
	PII	D	0.01%	0.09%	0.01%
	PINC	B	0.01%	0.11%	0.01%
	PK	B	0.01%	0.14%	0.01%
	PKG	A	0.08%	0.29%	0.08%
	PM	B	0.83%	0.52%	0.52%
	PNC	B	0.3%	0.13%	0.13%
	PNR	A	0.07%	0.29%	0.07%
	PNW	B	0.04%	0.22%	0.04%
	POST	C	0.02%	0.12%	0.02%
	PPC	C	0.01%	0.09%	0.01%
	PPL	B	0.1%	0.27%	0.1%
	PR	B	0.03%	0.13%	0.03%
	PRGO	B	0.01%	0.1%	0.01%
	PRU	A	0.18%	0.35%	0.18%
	PSN	D	0.02%	0.15%	0.02%
	PSX	C	0.2%	0.37%	0.2%
	PTC	A	0.03%	0.18%	0.03%
	PVH	C	0.02%	0.16%	0.02%
	QCOM	F	0.05%	0.79%	0.05%
	QRVO	F	0.03%	0.14%	0.03%
	R	B	0.02%	0.26%	0.02%
	REG	B	0.05%	0.12%	0.05%
	RF	A	0.09%	0.26%	0.09%
	RGA	A	0.06%	0.09%	0.06%
	RHI	B	0.03%	0.19%	0.03%
	RL	B	0.03%	0.22%	0.03%
	ROP	B	0.23%	0.4%	0.23%
	RPRX	D	0.04%	0.11%	0.04%
	RS	B	0.07%	0.26%	0.07%
	RTX	C	0.64%	0.48%	0.48%
	RVTY	F	0.06%	0.14%	0.06%
	SAIC	F	0.03%	0.23%	0.03%
	SCI	B	0.05%	0.24%	0.05%
	SEE	C	0.02%	0.09%	0.02%
	SIRI	C	0.03%	0.1%	0.03%
	SJM	D	0.05%	0.14%	0.05%
	SLGN	A	0.02%	0.21%	0.02%
	SNA	A	0.07%	0.31%	0.07%
	SNDR	B	0.01%	0.1%	0.01%
	SNV	B	0.03%	0.23%	0.03%
	SNX	C	0.03%	0.22%	0.03%
	SOLV	C	0.04%	0.05%	0.04%
	SON	D	0.02%	0.12%	0.02%
	SPB	C	0.01%	0.1%	0.01%
	SPG	B	0.16%	0.32%	0.16%
	SSNC	B	0.06%	0.24%	0.06%
	ST	F	0.02%	0.18%	0.02%
	STT	A	0.11%	0.29%	0.11%
	STWD	C	0.02%	0.17%	0.02%
	SWK	D	0.06%	0.12%	0.06%
	SWKS	F	0.06%	0.2%	0.06%
	SYF	B	0.09%	0.34%	0.09%
	T	A	0.65%	0.65%	0.65%
	TAP	C	0.04%	0.25%	0.04%
	TER	D	0.01%	0.22%	0.01%
	TFC	A	0.23%	0.41%	0.23%
	TFX	F	0.04%	0.07%	0.04%
	TGT	F	0.28%	0.34%	0.28%
	THC	D	0.06%	0.21%	0.06%
	THO	B	0.02%	0.19%	0.02%
	TNL	A	0.01%	0.19%	0.01%
	TOL	B	0.06%	0.25%	0.06%
	TPR	B	0.04%	0.24%	0.04%
	TSN	B	0.07%	0.1%	0.07%
	TWLO	A	0.04%	0.37%	0.04%
	TXN	C	0.65%	0.82%	0.65%
	TXT	D	0.06%	0.19%	0.06%
	U	C	0.01%	0.12%	0.01%
	UAL	A	0.1%	0.27%	0.1%
	UGI	A	0.02%	0.2%	0.02%
	UHAL	D	0.0%	0.04%	0.0%
	UHAL	D	0.02%	0.04%	0.02%
	UHS	D	0.05%	0.2%	0.05%
	UNH	C	1.94%	1.77%	1.77%
	UNM	A	0.05%	0.28%	0.05%
	USB	A	0.3%	0.42%	0.3%
	UTHR	C	0.07%	0.26%	0.07%
	VAC	B	0.01%	0.2%	0.01%
	VFC	C	0.03%	0.08%	0.03%
	VICI	C	0.13%	0.28%	0.13%
	VLO	C	0.17%	0.24%	0.17%
	VOYA	B	0.03%	0.1%	0.03%
	VRSN	F	0.06%	0.14%	0.06%
	VTRS	A	0.06%	0.24%	0.06%
	VZ	C	0.71%	0.2%	0.2%
	WAL	B	0.04%	0.22%	0.04%
	WBS	A	0.04%	0.17%	0.04%
	WCC	B	0.03%	0.27%	0.03%
	WEN	D	0.01%	0.14%	0.01%
	WH	B	0.02%	0.13%	0.02%
	WHR	B	0.02%	0.2%	0.02%
	WPC	D	0.05%	0.12%	0.05%
	WSM	B	0.03%	0.21%	0.03%
	WU	D	0.01%	0.16%	0.01%
	ZBH	C	0.09%	0.17%	0.09%
	ZI	D	0.01%	0.21%	0.01%
	ZION	B	0.03%	0.19%	0.03%
	ZM	B	0.08%	0.31%	0.08%

VONV Overweight 500 Positions Relative to JVAL

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	WMT	A	1.42%
	PG	A	1.21%
	WFC	A	0.91%
	LIN	D	0.88%
	ACN	C	0.87%
	TMO	F	0.84%
	ABBV	D	0.82%
	MCD	D	0.79%
	ABT	B	0.78%
	DIS	B	0.71%
	NEE	D	0.65%
	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%
	BSX	B	0.49%
	GS	A	0.48%
	CB	C	0.46%
	HON	B	0.45%
	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%
	MMC	B	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%
	LMT	D	0.32%
	REGN	F	0.32%
	CME	A	0.32%
	PYPL	B	0.32%
	FI	A	0.31%
	UNP	C	0.3%
	AON	A	0.29%
	APD	A	0.28%
	CEG	D	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	VRTX	F	0.25%
	EMR	A	0.25%
	WMB	A	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	SLB	C	0.23%
	DLR	B	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	TT	A	0.22%
	TRV	B	0.22%
	O	D	0.21%
	AEP	D	0.21%
	TJX	A	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	CARR	D	0.2%
	HCA	F	0.2%
	CCI	D	0.19%
	PEP	F	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PSA	D	0.18%
	PEG	A	0.18%
	MET	A	0.18%
	ALL	A	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	MSI	B	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	RSG	A	0.16%
	URI	B	0.16%
	KDP	D	0.15%
	MCK	B	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	XEL	A	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	A	D	0.15%
	IR	B	0.15%
	EXR	D	0.14%
	CL	D	0.14%
	MLM	B	0.14%
	GEHC	F	0.14%
	ROST	C	0.14%
	NKE	D	0.14%
	ACGL	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	RCL	A	0.13%
	HIG	B	0.13%
	EW	C	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	XYL	D	0.12%
	CSGP	D	0.12%
	WEC	A	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	WTW	B	0.12%
	VTR	C	0.11%
	KMB	D	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%
	RJF	A	0.11%
	HLT	A	0.11%
	PAYX	C	0.11%
	FE	C	0.1%
	TROW	B	0.1%
	CHD	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	RMD	C	0.1%
	DTE	C	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	STE	F	0.09%
	CCL	B	0.09%
	HSY	F	0.09%
	PGR	A	0.09%
	CBOE	B	0.09%
	WY	D	0.09%
	YUM	B	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	INVH	D	0.08%
	ARE	D	0.08%
	STLD	B	0.08%
	MKC	D	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	EQT	B	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%
	WSO	A	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	CNP	B	0.07%
	UDR	B	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SYY	B	0.06%
	ZTS	D	0.06%
	ACM	A	0.06%
	TRMB	B	0.06%
	JBHT	C	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	DOC	D	0.06%
	NI	A	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	AES	F	0.05%
	CLH	B	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	CASY	A	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	EG	C	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%
	DTM	B	0.04%
	WST	C	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	NYT	C	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	GL	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	EVR	B	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	WWD	B	0.04%
	AIZ	A	0.04%
	AA	B	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	AVY	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	CAH	B	0.04%
	NTNX	A	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	MTSI	B	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	RGEN	D	0.03%
	ATI	D	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	KEX	C	0.03%
	STAG	F	0.03%
	WBA	F	0.03%
	COKE	C	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	MOH	F	0.03%
	DASH	A	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	VNO	B	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%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	0.03%
	LW	C	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%
	RBC	A	0.03%
	TKO	B	0.03%
	PNFP	B	0.03%
	ECL	D	0.03%
	KNX	B	0.03%
	AAL	B	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%
	TTC	D	0.03%
	ADP	B	0.03%
	APA	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	X	C	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%
	SITE	D	0.02%
	W	F	0.02%
	AWI	A	0.02%
	FLO	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	LITE	B	0.02%
	TPG	A	0.02%
	WSC	D	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	AMP	A	0.02%
	RYN	D	0.02%
	XRAY	F	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	GNRC	B	0.02%
	ZG	A	0.02%
	ORLY	B	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	THG	A	0.02%
	TKR	D	0.02%
	SAIA	B	0.02%
	H	B	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	S	B	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	GWW	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	UA	C	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	TRIP	F	0.01%
	WOLF	F	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%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AZTA	D	0.01%
	BR	A	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	COTY	F	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	BHF	B	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	CPRT	A	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	SPR	D	0.01%
	NWS	B	0.01%
	NEU	C	0.01%
	NVST	B	0.01%
	CTAS	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%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 23 Positions Relative to JVAL

	Symbol	Grade	Weight
	GOOGL	C	-2.17%
	META	D	-2.12%
	AVGO	D	-1.92%
	AAPL	C	-1.87%
	MSFT	F	-1.78%
	ORCL	B	-1.24%
	APP	B	-0.87%
	INTU	C	-0.81%
	MRK	F	-0.66%
	LRCX	F	-0.51%
	KLAC	D	-0.46%
	VRT	B	-0.43%
	GDDY	A	-0.32%
	WDAY	B	-0.29%
	PEGA	A	-0.25%
	DOCU	A	-0.19%
	MUSA	A	-0.16%
	LVS	C	-0.15%
	POOL	C	-0.13%
	ENTG	D	-0.12%
	BSY	D	-0.11%
	TDC	D	-0.11%
	DT	C	-0.06%

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

JVAL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Semiconductors Information Technology Services Packaged Foods Packaging & Containers Software - Infrastructure Asset Management Oil & Gas E&P Diversified Industrials Semiconductor Equipment & Materials Specialty Retail Utilities - Regulated Electric Apparel Manufacturing Auto Parts Drug Manufacturers - Major Health Care Plans Internet Content & Information REIT - Retail REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Bank Banking Electronics Insurance Semiconductor Natural Gas Telecommunications Cloud Computing Dow Jones Component Integrated Circuits Aerospace Cash Management Financial Products Real Estate Investment Trust Commercial Banking Electricity Chemical