VONV vs. RECS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Columbia Research Enhanced Core ETF (RECS)

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

$86.14

Average Daily Volume

369,875

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.53

Average Daily Volume

386,011

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

Performance

Period	VONV	RECS
30 Days	2.60%	2.07%
60 Days	4.54%	5.49%
90 Days	6.20%	6.76%
12 Months	28.76%	34.67%

313 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in RECS	Overlap
	ABBV	F	0.82%	0.56%	0.56%
	ACI	C	0.03%	0.04%	0.03%
	ACM	B	0.06%	0.06%	0.06%
	ADM	D	0.11%	0.12%	0.11%
	ADP	A	0.03%	0.53%	0.03%
	ADTN	A	0.01%	0.01%	0.01%
	AEE	A	0.09%	0.18%	0.09%
	AES	F	0.05%	0.07%	0.05%
	AIZ	A	0.04%	0.06%	0.04%
	ALGM	D	0.01%	0.01%	0.01%
	ALL	A	0.17%	0.27%	0.17%
	ALNY	D	0.02%	0.06%	0.02%
	ALSN	B	0.04%	0.04%	0.04%
	AMG	B	0.02%	0.03%	0.02%
	AMGN	F	0.15%	0.32%	0.15%
	AMH	C	0.05%	0.06%	0.05%
	AMKR	D	0.01%	0.01%	0.01%
	AOS	F	0.04%	0.04%	0.04%
	APG	B	0.03%	0.04%	0.03%
	ARE	F	0.08%	0.1%	0.08%
	ARMK	B	0.04%	0.04%	0.04%
	ASH	F	0.02%	0.03%	0.02%
	AVTR	F	0.06%	0.09%	0.06%
	AXS	A	0.02%	0.04%	0.02%
	AYI	B	0.04%	0.04%	0.04%
	AZTA	D	0.01%	0.02%	0.01%
	BAC	A	1.14%	1.66%	1.14%
	BAX	F	0.07%	0.11%	0.07%
	BDX	F	0.27%	0.43%	0.27%
	BEN	C	0.02%	0.03%	0.02%
	BG	D	0.05%	0.06%	0.05%
	BIIB	F	0.1%	0.04%	0.04%
	BILL	A	0.02%	0.02%	0.02%
	BK	A	0.22%	0.3%	0.22%
	BKNG	A	0.04%	0.6%	0.04%
	BLD	D	0.04%	0.04%	0.04%
	BLDR	D	0.07%	0.1%	0.07%
	BMRN	F	0.05%	0.02%	0.02%
	BMY	B	0.45%	0.75%	0.45%
	BR	A	0.01%	0.11%	0.01%
	BRBR	A	0.03%	0.05%	0.03%
	BRX	A	0.03%	0.04%	0.03%
	C	A	0.49%	0.71%	0.49%
	CACI	D	0.05%	0.06%	0.05%
	CAG	F	0.06%	0.06%	0.06%
	CAH	B	0.04%	0.19%	0.04%
	CAT	B	0.63%	0.83%	0.63%
	CBOE	C	0.09%	0.11%	0.09%
	CCL	A	0.09%	0.09%	0.09%
	CE	F	0.04%	0.06%	0.04%
	CF	A	0.06%	0.12%	0.06%
	CI	D	0.32%	0.6%	0.32%
	CIEN	C	0.04%	0.02%	0.02%
	CIVI	D	0.01%	0.02%	0.01%
	CL	D	0.14%	0.36%	0.14%
	CLF	F	0.02%	0.04%	0.02%
	CME	B	0.32%	0.43%	0.32%
	CMI	A	0.18%	0.21%	0.18%
	CNA	C	0.0%	0.01%	0.0%
	CNC	D	0.13%	0.2%	0.13%
	CNM	D	0.01%	0.03%	0.01%
	COKE	C	0.03%	0.03%	0.03%
	COLB	B	0.02%	0.03%	0.02%
	COLM	C	0.01%	0.01%	0.01%
	CRBG	B	0.03%	0.04%	0.03%
	CRI	F	0.01%	0.01%	0.01%
	CRM	B	0.17%	0.76%	0.17%
	CROX	D	0.02%	0.02%	0.02%
	CRUS	D	0.02%	0.01%	0.01%
	CSCO	B	0.89%	0.57%	0.57%
	CSGP	D	0.12%	0.16%	0.12%
	CSL	C	0.07%	0.09%	0.07%
	CSX	C	0.26%	0.3%	0.26%
	CTAS	B	0.01%	0.33%	0.01%
	CTRA	B	0.07%	0.05%	0.05%
	CVNA	B	0.07%	0.09%	0.07%
	CVX	A	1.03%	0.77%	0.77%
	CW	C	0.05%	0.06%	0.05%
	CWEN	C	0.01%	0.02%	0.01%
	CWEN	C	0.01%	0.01%	0.01%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.02%	0.0%
	DAL	B	0.15%	0.17%	0.15%
	DBX	B	0.02%	0.02%	0.02%
	DCI	B	0.04%	0.04%	0.04%
	DDS	B	0.0%	0.0%	0.0%
	DELL	B	0.11%	0.09%	0.09%
	DHI	F	0.2%	0.17%	0.17%
	DINO	D	0.02%	0.02%	0.02%
	DIS	B	0.71%	0.42%	0.42%
	DKS	D	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.18%	0.1%
	DTM	A	0.04%	0.03%	0.03%
	EA	A	0.16%	0.09%	0.09%
	EEFT	B	0.02%	0.02%	0.02%
	EG	C	0.05%	0.08%	0.05%
	EIX	B	0.13%	0.23%	0.13%
	ELAN	D	0.02%	0.04%	0.02%
	EME	A	0.05%	0.11%	0.05%
	EOG	A	0.28%	0.22%	0.22%
	EPR	C	0.01%	0.02%	0.01%
	EQIX	A	0.33%	0.44%	0.33%
	ESAB	C	0.03%	0.03%	0.03%
	ETR	B	0.13%	0.24%	0.13%
	EVRG	A	0.05%	0.1%	0.05%
	EWBC	A	0.05%	0.07%	0.05%
	EXAS	D	0.03%	0.02%	0.02%
	EXC	C	0.16%	0.28%	0.16%
	EXEL	B	0.01%	0.02%	0.01%
	EXP	B	0.01%	0.08%	0.01%
	EXPD	C	0.06%	0.07%	0.06%
	FANG	C	0.13%	0.1%	0.1%
	FCNCA	A	0.09%	0.14%	0.09%
	FDX	B	0.25%	0.28%	0.25%
	FFIV	B	0.05%	0.03%	0.03%
	FHN	A	0.04%	0.06%	0.04%
	FI	A	0.31%	0.65%	0.31%
	FITB	B	0.12%	0.17%	0.12%
	FLS	B	0.03%	0.03%	0.03%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	FTI	A	0.05%	0.04%	0.04%
	FTNT	C	0.04%	0.15%	0.04%
	FTV	C	0.1%	0.11%	0.1%
	G	B	0.03%	0.03%	0.03%
	GAP	C	0.02%	0.02%	0.02%
	GEN	B	0.06%	0.04%	0.04%
	GILD	C	0.44%	0.21%	0.21%
	GIS	D	0.15%	0.17%	0.15%
	GL	C	0.04%	0.05%	0.04%
	GLPI	C	0.05%	0.07%	0.05%
	GNRC	C	0.02%	0.05%	0.02%
	GPN	B	0.11%	0.15%	0.11%
	GTES	A	0.02%	0.02%	0.02%
	H	B	0.02%	0.02%	0.02%
	HCA	F	0.2%	0.43%	0.2%
	HIW	C	0.01%	0.02%	0.01%
	HLT	A	0.11%	0.22%	0.11%
	HOLX	D	0.07%	0.11%	0.07%
	HPE	B	0.1%	0.07%	0.07%
	HPQ	B	0.11%	0.09%	0.09%
	HRB	D	0.03%	0.03%	0.03%
	HST	C	0.05%	0.06%	0.05%
	INCY	C	0.04%	0.02%	0.02%
	INGR	C	0.03%	0.05%	0.03%
	INVH	D	0.08%	0.11%	0.08%
	IONS	F	0.0%	0.01%	0.0%
	ITT	A	0.05%	0.05%	0.05%
	JAZZ	B	0.03%	0.05%	0.03%
	JEF	A	0.03%	0.07%	0.03%
	JHG	B	0.02%	0.03%	0.02%
	JLL	D	0.04%	0.07%	0.04%
	JNJ	C	1.54%	2.35%	1.54%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.55%	3.63%	2.55%
	K	A	0.08%	0.1%	0.08%
	KEX	B	0.03%	0.03%	0.03%
	KHC	F	0.12%	0.14%	0.12%
	KMB	C	0.11%	0.22%	0.11%
	KR	B	0.15%	0.19%	0.15%
	KRC	B	0.02%	0.02%	0.02%
	L	A	0.06%	0.08%	0.06%
	LDOS	C	0.1%	0.11%	0.1%
	LEA	F	0.02%	0.02%	0.02%
	LECO	C	0.03%	0.05%	0.03%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.16%	0.14%	0.14%
	LEN	D	0.01%	0.14%	0.01%
	LMT	D	0.32%	0.51%	0.32%
	LNC	C	0.02%	0.03%	0.02%
	LPX	B	0.01%	0.05%	0.01%
	LSCC	D	0.0%	0.02%	0.0%
	LYB	F	0.09%	0.17%	0.09%
	M	F	0.02%	0.01%	0.01%
	MAN	F	0.01%	0.01%	0.01%
	MAS	D	0.07%	0.07%	0.07%
	MCK	A	0.15%	0.5%	0.15%
	MDT	D	0.46%	0.7%	0.46%
	MET	A	0.18%	0.25%	0.18%
	MGM	D	0.03%	0.03%	0.03%
	MHK	D	0.03%	0.03%	0.03%
	MIDD	C	0.03%	0.03%	0.03%
	MMC	B	0.37%	0.58%	0.37%
	MMM	D	0.23%	0.31%	0.23%
	MO	A	0.37%	0.45%	0.37%
	MOS	F	0.03%	0.07%	0.03%
	MPC	D	0.21%	0.16%	0.16%
	MRNA	F	0.07%	0.02%	0.02%
	MRO	B	0.06%	0.05%	0.05%
	MSA	F	0.02%	0.03%	0.02%
	MSI	B	0.16%	0.2%	0.16%
	MSM	C	0.01%	0.02%	0.01%
	MTCH	D	0.04%	0.02%	0.02%
	MTD	F	0.11%	0.16%	0.11%
	MTG	C	0.03%	0.03%	0.03%
	NEU	D	0.01%	0.03%	0.01%
	NI	A	0.06%	0.12%	0.06%
	NNN	C	0.03%	0.04%	0.03%
	NTAP	C	0.05%	0.06%	0.05%
	NTNX	B	0.04%	0.04%	0.04%
	NUE	C	0.14%	0.29%	0.14%
	NVR	D	0.1%	0.09%	0.09%
	NWS	A	0.01%	0.01%	0.01%
	NWSA	A	0.04%	0.03%	0.03%
	NYT	D	0.04%	0.02%	0.02%
	OC	A	0.06%	0.07%	0.06%
	OGN	F	0.02%	0.03%	0.02%
	OLN	F	0.02%	0.04%	0.02%
	OTIS	C	0.16%	0.17%	0.16%
	OXY	D	0.13%	0.1%	0.1%
	OZK	B	0.02%	0.03%	0.02%
	PATH	C	0.0%	0.01%	0.0%
	PAYX	B	0.11%	0.2%	0.11%
	PCAR	B	0.21%	0.26%	0.21%
	PCG	A	0.17%	0.33%	0.17%
	PG	C	1.21%	1.9%	1.21%
	PH	A	0.32%	0.39%	0.32%
	PHM	D	0.11%	0.09%	0.09%
	PINC	B	0.01%	0.02%	0.01%
	PK	C	0.01%	0.02%	0.01%
	PKG	A	0.08%	0.16%	0.08%
	PLTK	B	0.0%	0.0%	0.0%
	PM	B	0.83%	0.96%	0.83%
	PPC	C	0.01%	0.01%	0.01%
	PPG	F	0.12%	0.22%	0.12%
	PRGO	C	0.01%	0.02%	0.01%
	PRU	A	0.18%	0.23%	0.18%
	PSTG	D	0.01%	0.04%	0.01%
	PSX	C	0.2%	0.15%	0.15%
	PVH	C	0.02%	0.02%	0.02%
	PYPL	B	0.32%	0.46%	0.32%
	QCOM	F	0.05%	0.46%	0.05%
	QGEN	D	0.04%	0.06%	0.04%
	QRVO	F	0.03%	0.02%	0.02%
	R	B	0.02%	0.03%	0.02%
	RCL	A	0.13%	0.19%	0.13%
	REGN	F	0.32%	0.16%	0.16%
	REYN	D	0.01%	0.01%	0.01%
	RGA	A	0.06%	0.08%	0.06%
	RHI	C	0.03%	0.03%	0.03%
	RJF	A	0.11%	0.16%	0.11%
	RL	C	0.03%	0.03%	0.03%
	ROIV	C	0.02%	0.01%	0.01%
	ROKU	D	0.03%	0.02%	0.02%
	ROST	D	0.14%	0.16%	0.14%
	RPM	A	0.05%	0.13%	0.05%
	RPRX	D	0.04%	0.06%	0.04%
	RS	B	0.07%	0.14%	0.07%
	RYN	D	0.02%	0.02%	0.02%
	SAIC	F	0.03%	0.03%	0.03%
	SAM	C	0.01%	0.01%	0.01%
	SBAC	D	0.1%	0.12%	0.1%
	SEB	F	0.0%	0.0%	0.0%
	SEIC	B	0.03%	0.04%	0.03%
	SF	B	0.04%	0.06%	0.04%
	SKX	D	0.03%	0.03%	0.03%
	SLM	A	0.02%	0.03%	0.02%
	SMG	C	0.01%	0.02%	0.01%
	SNA	A	0.07%	0.08%	0.07%
	SNX	D	0.03%	0.02%	0.02%
	SOLV	D	0.04%	0.06%	0.04%
	SON	F	0.02%	0.04%	0.02%
	SPG	A	0.16%	0.3%	0.16%
	SSNC	B	0.06%	0.07%	0.06%
	STAG	D	0.03%	0.03%	0.03%
	STLD	B	0.08%	0.16%	0.08%
	STT	B	0.11%	0.15%	0.11%
	SWK	D	0.06%	0.06%	0.06%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.14%	0.09%
	T	A	0.65%	0.36%	0.36%
	TAP	C	0.04%	0.05%	0.04%
	TGT	F	0.28%	0.34%	0.28%
	THC	D	0.06%	0.1%	0.06%
	THO	B	0.02%	0.02%	0.02%
	TJX	A	0.21%	0.47%	0.21%
	TMO	F	0.84%	1.3%	0.84%
	TNL	A	0.01%	0.01%	0.01%
	TOL	B	0.06%	0.06%	0.06%
	TPR	B	0.04%	0.04%	0.04%
	TROW	B	0.1%	0.13%	0.1%
	TT	A	0.22%	0.4%	0.22%
	UAL	A	0.1%	0.13%	0.1%
	UGI	C	0.02%	0.04%	0.02%
	UNM	A	0.05%	0.07%	0.05%
	UNP	C	0.3%	0.62%	0.3%
	UPS	C	0.39%	0.41%	0.39%
	UTHR	C	0.07%	0.03%	0.03%
	VIRT	A	0.01%	0.02%	0.01%
	VLO	C	0.17%	0.13%	0.13%
	VRSN	C	0.06%	0.04%	0.04%
	VRTX	D	0.25%	0.23%	0.23%
	VTRS	A	0.06%	0.1%	0.06%
	WAB	B	0.13%	0.15%	0.13%
	WCC	B	0.03%	0.04%	0.03%
	WFC	A	0.91%	1.35%	0.91%
	WH	B	0.02%	0.02%	0.02%
	WLK	D	0.02%	0.03%	0.02%
	WPC	C	0.05%	0.06%	0.05%
	WSM	C	0.03%	0.06%	0.03%
	WTFC	A	0.03%	0.04%	0.03%
	WTW	B	0.12%	0.17%	0.12%
	WU	F	0.01%	0.02%	0.01%
	WY	F	0.09%	0.12%	0.09%
	WYNN	C	0.04%	0.03%	0.03%
	XEL	A	0.15%	0.28%	0.15%
	XOM	B	2.1%	1.55%	1.55%
	XP	F	0.03%	0.04%	0.03%
	XRAY	F	0.02%	0.02%	0.02%
	ZBH	C	0.09%	0.14%	0.09%
	ZION	B	0.03%	0.05%	0.03%
	ZM	C	0.08%	0.05%	0.05%

VONV Overweight 533 Positions Relative to RECS

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	UNH	B	1.94%
	WMT	A	1.42%
	LIN	C	0.88%
	ACN	B	0.87%
	MCD	D	0.79%
	ABT	B	0.78%
	IBM	C	0.76%
	VZ	C	0.71%
	CMCSA	B	0.67%
	TXN	C	0.65%
	NEE	C	0.65%
	PFE	F	0.64%
	RTX	D	0.64%
	DHR	F	0.63%
	LOW	C	0.6%
	SPGI	C	0.6%
	GE	D	0.59%
	BLK	B	0.58%
	ETN	A	0.53%
	MS	A	0.51%
	COP	C	0.51%
	BSX	A	0.49%
	GS	A	0.48%
	CB	C	0.46%
	HON	C	0.45%
	MU	D	0.44%
	ADI	D	0.44%
	TMUS	B	0.43%
	KO	D	0.43%
	PLD	F	0.42%
	DE	B	0.41%
	SO	C	0.4%
	AXP	A	0.38%
	SCHW	B	0.38%
	MDLZ	F	0.37%
	INTC	C	0.37%
	DUK	C	0.36%
	SYK	B	0.36%
	ICE	C	0.35%
	BA	F	0.34%
	WELL	A	0.33%
	GEV	B	0.33%
	AMD	F	0.32%
	HD	B	0.32%
	ELV	F	0.32%
	GD	D	0.32%
	PNC	B	0.3%
	USB	A	0.3%
	CVS	D	0.29%
	AON	A	0.29%
	APD	A	0.28%
	CEG	C	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	FCX	F	0.26%
	COF	C	0.25%
	EMR	B	0.25%
	MRVL	B	0.25%
	WMB	A	0.25%
	MAR	A	0.24%
	AJG	A	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	GM	C	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	DLR	B	0.23%
	AFL	B	0.23%
	TRV	B	0.22%
	O	C	0.21%
	AEP	C	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	AIG	B	0.2%
	CARR	C	0.2%
	D	C	0.2%
	FIS	C	0.2%
	CCI	C	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	PEP	F	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PSA	C	0.18%
	PEG	A	0.18%
	JCI	B	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	MCHP	F	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	RSG	A	0.16%
	URI	C	0.16%
	GLW	B	0.15%
	KDP	F	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	CTSH	B	0.15%
	HWM	A	0.15%
	BKR	A	0.15%
	A	D	0.15%
	IR	B	0.15%
	EXR	C	0.14%
	MLM	C	0.14%
	DD	C	0.14%
	DOW	F	0.14%
	GEHC	D	0.14%
	ED	C	0.14%
	NKE	F	0.14%
	ACGL	C	0.14%
	MSTR	B	0.14%
	AVB	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	EW	C	0.13%
	IQV	F	0.13%
	APH	A	0.13%
	VICI	C	0.13%
	EBAY	D	0.12%
	XYL	D	0.12%
	WEC	A	0.12%
	ON	D	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	GRMN	B	0.12%
	HUM	C	0.12%
	VTR	B	0.11%
	EQR	C	0.11%
	SW	A	0.11%
	VMC	B	0.11%
	AWK	C	0.11%
	ROK	C	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	PPL	A	0.1%
	FE	C	0.1%
	DVN	F	0.1%
	CHD	A	0.1%
	HAL	C	0.1%
	SBUX	A	0.1%
	IFF	D	0.1%
	RMD	C	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	WDC	D	0.09%
	LNG	A	0.09%
	CINF	A	0.09%
	STE	D	0.09%
	RF	A	0.09%
	HSY	F	0.09%
	PGR	A	0.09%
	HBAN	A	0.09%
	YUM	D	0.09%
	HUBB	B	0.09%
	ILMN	C	0.09%
	ES	C	0.09%
	SQ	A	0.09%
	APO	B	0.08%
	PFG	D	0.08%
	CFG	B	0.08%
	LH	B	0.08%
	IP	A	0.08%
	BBY	D	0.08%
	OMC	C	0.08%
	MKC	C	0.08%
	WBD	B	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%
	IEX	C	0.07%
	SUI	C	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	TSN	B	0.07%
	WRB	A	0.07%
	DGX	A	0.07%
	J	D	0.07%
	DG	F	0.07%
	MAA	B	0.07%
	ESS	B	0.07%
	BALL	F	0.07%
	LUV	C	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	CNP	A	0.07%
	UDR	B	0.06%
	VLTO	C	0.06%
	BRO	B	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	SYY	D	0.06%
	ZTS	D	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	JBHT	C	0.06%
	TXT	D	0.06%
	MKL	A	0.06%
	AKAM	D	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	C	0.06%
	APTV	F	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	C	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	C	0.06%
	IBKR	A	0.06%
	TECH	F	0.05%
	SCI	B	0.05%
	SJM	D	0.05%
	CLH	C	0.05%
	UHS	D	0.05%
	CHRW	B	0.05%
	CPT	B	0.05%
	CASY	A	0.05%
	ALLE	C	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	EMN	C	0.05%
	NVT	B	0.05%
	JBL	C	0.05%
	CDW	F	0.05%
	BXP	C	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	REG	A	0.05%
	JKHY	D	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	GGG	B	0.05%
	WST	C	0.04%
	FYBR	C	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	HRL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	HSIC	C	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CRL	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	DPZ	C	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	DAY	B	0.04%
	PRI	B	0.04%
	LKQ	F	0.04%
	RGLD	C	0.04%
	SOFI	B	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	B	0.04%
	EHC	B	0.04%
	WWD	C	0.04%
	PNW	A	0.04%
	AA	A	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	AFRM	A	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	OVV	B	0.04%
	AVY	F	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	C	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	C	0.04%
	TWLO	A	0.04%
	CCK	D	0.04%
	CG	B	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	B	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	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%
	BBWI	C	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	ATI	C	0.03%
	SIRI	C	0.03%
	WMS	F	0.03%
	BFAM	D	0.03%
	CGNX	D	0.03%
	PB	B	0.03%
	PARA	C	0.03%
	OSK	C	0.03%
	WBA	F	0.03%
	FCN	F	0.03%
	MAT	D	0.03%
	AGNC	C	0.03%
	FND	D	0.03%
	SSD	F	0.03%
	MOH	F	0.03%
	DASH	B	0.03%
	FR	D	0.03%
	BIO	C	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	GXO	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	SNV	C	0.03%
	CHE	D	0.03%
	ONTO	F	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	C	0.03%
	HII	F	0.03%
	COLD	D	0.03%
	ADC	A	0.03%
	WAT	C	0.03%
	CBSH	B	0.03%
	CFR	B	0.03%
	SHW	B	0.03%
	AR	B	0.03%
	MNST	C	0.03%
	LW	C	0.03%
	BWA	D	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	RBC	A	0.03%
	TKO	A	0.03%
	OGE	A	0.03%
	PNFP	B	0.03%
	BERY	C	0.03%
	FMC	D	0.03%
	ECL	D	0.03%
	VOYA	B	0.03%
	KNX	C	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	A	0.03%
	GMED	A	0.03%
	EGP	D	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	B	0.03%
	GPK	C	0.03%
	TTC	C	0.03%
	CMA	B	0.03%
	APA	D	0.03%
	LAMR	C	0.03%
	CZR	F	0.03%
	PTC	B	0.03%
	ORI	A	0.03%
	X	B	0.03%
	KMPR	A	0.02%
	MSGS	A	0.02%
	RH	C	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	F	0.02%
	PAYC	B	0.02%
	W	D	0.02%
	AWI	A	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	F	0.02%
	FRPT	A	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	AGO	B	0.02%
	WSC	F	0.02%
	AZO	C	0.02%
	WTM	A	0.02%
	AMP	A	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	DOCS	C	0.02%
	BYD	B	0.02%
	HXL	F	0.02%
	AVT	C	0.02%
	SN	D	0.02%
	PSN	D	0.02%
	SEE	C	0.02%
	ZG	A	0.02%
	ORLY	B	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	THG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	C	0.02%
	COIN	C	0.02%
	SRCL	B	0.02%
	VNT	C	0.02%
	MDU	D	0.02%
	S	B	0.02%
	LFUS	D	0.02%
	ALK	B	0.02%
	ESI	B	0.02%
	RLI	A	0.02%
	NOV	C	0.02%
	STWD	C	0.02%
	GWW	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	AGCO	D	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	F	0.01%
	LEG	F	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%
	CNXC	F	0.01%
	KSS	F	0.01%
	ETSY	D	0.01%
	YETI	D	0.01%
	AAP	D	0.01%
	BROS	A	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	A	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	D	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	CC	C	0.01%
	AGR	A	0.01%
	CXT	C	0.01%
	VAC	C	0.01%
	CLVT	D	0.01%
	LOPE	C	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	NSA	C	0.01%
	BHF	C	0.01%
	MASI	B	0.01%
	PENN	C	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	CPRT	B	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	B	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	ZI	D	0.01%
	DXC	B	0.01%
	IAC	F	0.01%
	PII	F	0.01%
	GFS	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	C	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	TXG	F	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	B	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	PYCR	B	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	DV	C	0.0%
	HAS	D	0.0%
	NCNO	C	0.0%
	CERT	F	0.0%

VONV Underweight 51 Positions Relative to RECS

	Symbol	Grade	Weight
	NVDA	B	-8.48%
	AAPL	C	-7.95%
	MSFT	D	-7.44%
	AMZN	C	-4.75%
	META	D	-2.94%
	GOOGL	C	-2.36%
	GOOG	C	-2.0%
	UBER	F	-0.61%
	ADBE	C	-0.52%
	NOW	A	-0.5%
	AMT	C	-0.47%
	INTU	B	-0.45%
	WM	B	-0.38%
	VST	A	-0.37%
	PLTR	B	-0.31%
	PANW	B	-0.28%
	COR	B	-0.26%
	ANET	C	-0.25%
	LRCX	F	-0.24%
	CRWD	B	-0.19%
	VRT	B	-0.19%
	APP	B	-0.18%
	SPOT	B	-0.14%
	LULU	C	-0.14%
	TTD	B	-0.13%
	DECK	A	-0.1%
	DDOG	A	-0.09%
	TEAM	A	-0.09%
	EXPE	B	-0.08%
	EQH	C	-0.08%
	FIX	A	-0.07%
	MPWR	F	-0.07%
	BURL	B	-0.06%
	LVS	B	-0.06%
	MEDP	D	-0.05%
	MANH	D	-0.04%
	DOCU	B	-0.04%
	PINS	F	-0.04%
	ZS	B	-0.04%
	TXRH	B	-0.04%
	NTRA	A	-0.03%
	LNW	F	-0.03%
	GTLB	B	-0.02%
	SMAR	B	-0.02%
	WFRD	D	-0.02%
	NBIX	C	-0.02%
	APLS	F	-0.01%
	RARE	F	-0.01%
	PEGA	B	-0.01%
	VKTX	F	-0.01%
	SRPT	F	-0.01%

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

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Business Services Semiconductors Software - Infrastructure Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Biotechnology Bank Medicine Banking Electricity Dow Jones Component Software Work From Home Clothing IBD 50 Mining Real Estate Investment Trust Telecommunications Biopharmaceutical Electronics