VONV vs. SPXT ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to ProShares S&P 500 Ex-Technology ETF (SPXT)

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

$83.07

Average Daily Volume

316,587

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

SPXT

ProShares S&P 500 Ex-Technology ETF

SPXT Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Information Technology & Telecommunication Services Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Information Technology and the Telecommunication Services Sectors (collectively, the "Technology Sector").

Grade (RS Rating)

Last Trade

$90.43

Average Daily Volume

4,671

Number of Holdings ^*

430

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPXT
30 Days	2.34%	2.92%
60 Days	4.61%	5.43%
90 Days	9.07%	7.51%
12 Months	26.73%	28.90%

391 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPXT	Overlap
	A	C	0.17%	0.12%	0.12%
	AAL	D	0.03%	0.02%	0.02%
	ABBV	B	0.79%	1.04%	0.79%
	ABT	C	0.79%	0.61%	0.61%
	ACGL	B	0.16%	0.13%	0.13%
	ADM	D	0.12%	0.09%	0.09%
	ADP	C	0.03%	0.35%	0.03%
	AEE	B	0.09%	0.07%	0.07%
	AEP	C	0.21%	0.17%	0.17%
	AES	C	0.05%	0.04%	0.04%
	AFL	A	0.25%	0.17%	0.17%
	AIG	D	0.21%	0.15%	0.15%
	AIZ	B	0.04%	0.03%	0.03%
	AJG	D	0.24%	0.19%	0.19%
	ALB	D	0.04%	0.03%	0.03%
	ALGN	D	0.03%	0.05%	0.03%
	ALL	C	0.17%	0.15%	0.15%
	ALLE	B	0.05%	0.04%	0.04%
	AMCR	B	0.07%	0.05%	0.05%
	AME	C	0.16%	0.12%	0.12%
	AMGN	D	0.16%	0.55%	0.16%
	AMP	B	0.02%	0.13%	0.02%
	AON	B	0.27%	0.23%	0.23%
	AOS	B	0.04%	0.03%	0.03%
	APA	F	0.04%	0.03%	0.03%
	APD	B	0.25%	0.19%	0.19%
	APTV	D	0.08%	0.06%	0.06%
	ARE	C	0.08%	0.06%	0.06%
	ATO	B	0.08%	0.06%	0.06%
	AVB	C	0.13%	0.1%	0.1%
	AVY	C	0.04%	0.05%	0.04%
	AWK	C	0.11%	0.09%	0.09%
	AXP	B	0.37%	0.45%	0.37%
	AZO	B	0.02%	0.16%	0.02%
	BA	F	0.34%	0.27%	0.27%
	BAC	D	1.11%	0.82%	0.82%
	BALL	C	0.08%	0.06%	0.06%
	BAX	C	0.08%	0.06%	0.06%
	BBWI	D	0.03%	0.02%	0.02%
	BBY	A	0.09%	0.06%	0.06%
	BDX	D	0.28%	0.2%	0.2%
	BEN	F	0.02%	0.02%	0.02%
	BG	F	0.06%	0.04%	0.04%
	BIIB	F	0.12%	0.09%	0.09%
	BIO	C	0.03%	0.02%	0.02%
	BK	B	0.2%	0.16%	0.16%
	BKNG	B	0.03%	0.39%	0.03%
	BKR	C	0.14%	0.11%	0.11%
	BLDR	C	0.08%	0.07%	0.07%
	BLK	B	0.53%	0.39%	0.39%
	BMY	C	0.41%	0.31%	0.31%
	BR	C	0.01%	0.07%	0.01%
	BRK.A	C	3.5%	2.52%	2.52%
	BRO	C	0.06%	0.07%	0.06%
	BSX	B	0.48%	0.37%	0.37%
	BWA	C	0.03%	0.02%	0.02%
	BXP	C	0.05%	0.04%	0.04%
	C	C	0.48%	0.35%	0.35%
	CAG	B	0.06%	0.05%	0.05%
	CAH	C	0.04%	0.08%	0.04%
	CARR	B	0.2%	0.2%	0.2%
	CAT	B	0.6%	0.53%	0.53%
	CB	B	0.46%	0.36%	0.36%
	CBOE	C	0.09%	0.07%	0.07%
	CBRE	B	0.14%	0.11%	0.11%
	CCI	C	0.2%	0.16%	0.16%
	CCL	C	0.07%	0.06%	0.06%
	CE	D	0.04%	0.04%	0.04%
	CEG	C	0.21%	0.19%	0.19%
	CF	B	0.06%	0.05%	0.05%
	CFG	D	0.08%	0.06%	0.06%
	CHD	C	0.1%	0.08%	0.08%
	CHRW	B	0.05%	0.04%	0.04%
	CHTR	D	0.13%	0.1%	0.1%
	CI	C	0.37%	0.31%	0.31%
	CINF	C	0.08%	0.06%	0.06%
	CL	C	0.16%	0.26%	0.16%
	CMCSA	C	0.62%	0.48%	0.48%
	CMI	B	0.17%	0.13%	0.13%
	CMS	B	0.08%	0.06%	0.06%
	CNC	D	0.17%	0.12%	0.12%
	CNP	C	0.07%	0.06%	0.06%
	COF	B	0.22%	0.17%	0.17%
	COP	F	0.54%	0.39%	0.39%
	CPB	C	0.04%	0.03%	0.03%
	CPRT	D	0.01%	0.14%	0.01%
	CPT	C	0.05%	0.04%	0.04%
	CRL	F	0.04%	0.03%	0.03%
	CSGP	D	0.13%	0.1%	0.1%
	CSX	C	0.27%	0.2%	0.2%
	CTAS	C	0.01%	0.21%	0.01%
	CTLT	B	0.04%	0.03%	0.03%
	CTRA	F	0.07%	0.05%	0.05%
	CTVA	B	0.16%	0.12%	0.12%
	CVS	D	0.29%	0.22%	0.22%
	CVX	F	1.02%	0.75%	0.75%
	CZR	C	0.03%	0.03%	0.03%
	D	C	0.19%	0.15%	0.15%
	DAL	C	0.11%	0.09%	0.09%
	DAY	D	0.03%	0.03%	0.03%
	DD	B	0.14%	0.11%	0.11%
	DE	A	0.39%	0.32%	0.32%
	DFS	C	0.14%	0.1%	0.1%
	DG	F	0.07%	0.06%	0.06%
	DGX	B	0.07%	0.05%	0.05%
	DHI	C	0.22%	0.18%	0.18%
	DHR	B	0.72%	0.55%	0.55%
	DIS	D	0.67%	0.52%	0.52%
	DLR	B	0.2%	0.16%	0.16%
	DLTR	F	0.07%	0.05%	0.05%
	DOC	B	0.06%	0.05%	0.05%
	DOV	B	0.1%	0.08%	0.08%
	DOW	C	0.15%	0.11%	0.11%
	DPZ	D	0.04%	0.04%	0.04%
	DRI	C	0.04%	0.06%	0.04%
	DTE	A	0.1%	0.08%	0.08%
	DUK	B	0.35%	0.27%	0.27%
	DVN	F	0.11%	0.08%	0.08%
	EA	D	0.16%	0.1%	0.1%
	EBAY	B	0.12%	0.1%	0.1%
	ECL	B	0.03%	0.19%	0.03%
	ED	B	0.14%	0.11%	0.11%
	EFX	C	0.12%	0.11%	0.11%
	EG	B	0.06%	0.05%	0.05%
	EIX	B	0.13%	0.1%	0.1%
	EL	D	0.05%	0.06%	0.05%
	ELV	D	0.44%	0.38%	0.38%
	EMN	B	0.05%	0.04%	0.04%
	EMR	D	0.24%	0.18%	0.18%
	EOG	D	0.3%	0.22%	0.22%
	EQIX	B	0.3%	0.25%	0.25%
	EQR	C	0.11%	0.08%	0.08%
	EQT	C	0.07%	0.06%	0.06%
	ES	B	0.1%	0.07%	0.07%
	ESS	C	0.08%	0.06%	0.06%
	ETN	C	0.49%	0.38%	0.38%
	ETR	A	0.1%	0.08%	0.08%
	ETSY	D	0.01%	0.02%	0.01%
	EVRG	B	0.05%	0.04%	0.04%
	EW	F	0.14%	0.12%	0.12%
	EXC	B	0.15%	0.12%	0.12%
	EXPD	B	0.06%	0.05%	0.05%
	EXR	C	0.15%	0.12%	0.12%
	F	F	0.18%	0.13%	0.13%
	FANG	F	0.14%	0.1%	0.1%
	FAST	C	0.02%	0.12%	0.02%
	FCX	C	0.25%	0.19%	0.19%
	FDS	C	0.04%	0.05%	0.04%
	FDX	D	0.27%	0.21%	0.21%
	FE	B	0.1%	0.07%	0.07%
	FIS	C	0.19%	0.14%	0.14%
	FITB	B	0.12%	0.09%	0.09%
	FMC	B	0.03%	0.02%	0.02%
	FOX	B	0.02%	0.02%	0.02%
	FOXA	B	0.04%	0.03%	0.03%
	FRT	C	0.04%	0.03%	0.03%
	FTV	C	0.1%	0.08%	0.08%
	GD	C	0.33%	0.21%	0.21%
	GE	C	0.6%	0.61%	0.6%
	GEHC	B	0.13%	0.12%	0.12%
	GEV	B	0.22%	0.2%	0.2%
	GILD	B	0.4%	0.32%	0.32%
	GIS	B	0.16%	0.13%	0.13%
	GL	D	0.04%	0.03%	0.03%
	GM	C	0.23%	0.17%	0.17%
	GNRC	D	0.02%	0.03%	0.02%
	GPC	D	0.08%	0.06%	0.06%
	GPN	D	0.11%	0.09%	0.09%
	GRMN	D	0.11%	0.08%	0.08%
	GS	B	0.47%	0.48%	0.47%
	GWW	B	0.02%	0.13%	0.02%
	HAL	F	0.11%	0.08%	0.08%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.09%	0.06%	0.06%
	HCA	B	0.23%	0.24%	0.23%
	HD	B	0.3%	1.16%	0.3%
	HES	F	0.05%	0.11%	0.05%
	HIG	B	0.14%	0.11%	0.11%
	HII	F	0.04%	0.03%	0.03%
	HLT	B	0.11%	0.17%	0.11%
	HOLX	D	0.08%	0.06%	0.06%
	HON	C	0.46%	0.4%	0.4%
	HRL	F	0.04%	0.03%	0.03%
	HSIC	C	0.04%	0.03%	0.03%
	HST	D	0.05%	0.04%	0.04%
	HSY	D	0.1%	0.09%	0.09%
	HUBB	B	0.09%	0.07%	0.07%
	HUM	F	0.17%	0.12%	0.12%
	HWM	B	0.15%	0.11%	0.11%
	ICE	C	0.37%	0.28%	0.28%
	IEX	C	0.06%	0.05%	0.05%
	IFF	A	0.11%	0.08%	0.08%
	INCY	C	0.05%	0.03%	0.03%
	INVH	D	0.09%	0.06%	0.06%
	IP	C	0.07%	0.05%	0.05%
	IPG	C	0.05%	0.04%	0.04%
	IQV	D	0.16%	0.13%	0.13%
	IR	B	0.15%	0.12%	0.12%
	IRM	C	0.06%	0.1%	0.06%
	ITW	B	0.19%	0.21%	0.19%
	IVZ	B	0.03%	0.02%	0.02%
	J	A	0.08%	0.06%	0.06%
	JBHT	D	0.06%	0.04%	0.04%
	JCI	B	0.17%	0.15%	0.15%
	JKHY	B	0.05%	0.04%	0.04%
	JNJ	C	1.61%	1.22%	1.22%
	JPM	D	2.59%	1.82%	1.82%
	K	A	0.08%	0.07%	0.07%
	KDP	B	0.16%	0.12%	0.12%
	KEY	C	0.06%	0.05%	0.05%
	KHC	C	0.13%	0.09%	0.09%
	KIM	C	0.06%	0.05%	0.05%
	KKR	B	0.24%	0.26%	0.24%
	KMB	C	0.11%	0.15%	0.11%
	KMI	C	0.17%	0.13%	0.13%
	KMX	D	0.05%	0.04%	0.04%
	KO	B	0.48%	0.85%	0.48%
	KR	B	0.14%	0.11%	0.11%
	KVUE	B	0.17%	0.14%	0.14%
	L	D	0.06%	0.04%	0.04%
	LDOS	A	0.09%	0.06%	0.06%
	LEN	B	0.01%	0.14%	0.01%
	LEN	B	0.18%	0.14%	0.14%
	LHX	C	0.18%	0.13%	0.13%
	LIN	B	0.92%	0.69%	0.69%
	LKQ	F	0.04%	0.03%	0.03%
	LMT	A	0.33%	0.37%	0.33%
	LNT	A	0.06%	0.05%	0.05%
	LOW	B	0.57%	0.45%	0.45%
	LUV	C	0.07%	0.05%	0.05%
	LW	D	0.02%	0.03%	0.02%
	LYB	D	0.1%	0.07%	0.07%
	MAA	C	0.08%	0.06%	0.06%
	MAR	B	0.22%	0.18%	0.18%
	MAS	B	0.07%	0.06%	0.06%
	MCD	B	0.78%	0.64%	0.64%
	MCK	F	0.17%	0.2%	0.17%
	MDLZ	C	0.39%	0.31%	0.31%
	MDT	B	0.47%	0.36%	0.36%
	MET	B	0.19%	0.14%	0.14%
	MGM	D	0.04%	0.03%	0.03%
	MHK	B	0.03%	0.02%	0.02%
	MKC	C	0.08%	0.06%	0.06%
	MKTX	D	0.04%	0.03%	0.03%
	MLM	D	0.12%	0.1%	0.1%
	MMC	C	0.39%	0.34%	0.34%
	MMM	B	0.24%	0.23%	0.23%
	MNST	D	0.03%	0.11%	0.03%
	MO	C	0.37%	0.27%	0.27%
	MOH	D	0.03%	0.06%	0.03%
	MOS	F	0.04%	0.03%	0.03%
	MPC	F	0.25%	0.18%	0.18%
	MRNA	F	0.1%	0.07%	0.07%
	MRO	D	0.07%	0.05%	0.05%
	MS	B	0.45%	0.38%	0.38%
	MSCI	C	0.08%	0.13%	0.08%
	MTB	C	0.11%	0.09%	0.09%
	MTCH	C	0.04%	0.03%	0.03%
	MTD	C	0.12%	0.09%	0.09%
	NDAQ	C	0.12%	0.09%	0.09%
	NDSN	C	0.06%	0.04%	0.04%
	NEE	B	0.66%	0.53%	0.53%
	NEM	C	0.25%	0.19%	0.19%
	NI	B	0.06%	0.05%	0.05%
	NKE	D	0.15%	0.3%	0.15%
	NOC	B	0.29%	0.22%	0.22%
	NRG	B	0.04%	0.05%	0.04%
	NSC	C	0.23%	0.17%	0.17%
	NTRS	C	0.07%	0.06%	0.06%
	NUE	D	0.15%	0.11%	0.11%
	NVR	B	0.11%	0.09%	0.09%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	O	B	0.21%	0.17%	0.17%
	OKE	C	0.22%	0.17%	0.17%
	OMC	B	0.08%	0.06%	0.06%
	ORLY	B	0.02%	0.2%	0.02%
	OTIS	B	0.15%	0.12%	0.12%
	OXY	F	0.15%	0.11%	0.11%
	PARA	D	0.03%	0.02%	0.02%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	C	0.11%	0.13%	0.11%
	PCAR	D	0.2%	0.15%	0.15%
	PCG	C	0.17%	0.13%	0.13%
	PEG	B	0.16%	0.13%	0.13%
	PEP	D	0.2%	0.74%	0.2%
	PFE	D	0.66%	0.52%	0.52%
	PFG	B	0.08%	0.06%	0.06%
	PG	C	1.26%	1.25%	1.25%
	PGR	C	0.09%	0.46%	0.09%
	PH	B	0.31%	0.24%	0.24%
	PHM	B	0.11%	0.09%	0.09%
	PKG	B	0.07%	0.06%	0.06%
	PLD	C	0.47%	0.36%	0.36%
	PM	C	0.77%	0.57%	0.57%
	PNC	C	0.29%	0.22%	0.22%
	PNR	B	0.06%	0.05%	0.05%
	PNW	C	0.04%	0.03%	0.03%
	PPG	C	0.12%	0.09%	0.09%
	PPL	A	0.09%	0.07%	0.07%
	PRU	C	0.17%	0.13%	0.13%
	PSA	C	0.18%	0.17%	0.17%
	PSX	F	0.24%	0.17%	0.17%
	PWR	B	0.11%	0.12%	0.11%
	PYPL	B	0.3%	0.23%	0.23%
	RCL	B	0.1%	0.12%	0.1%
	REG	C	0.05%	0.04%	0.04%
	REGN	D	0.46%	0.36%	0.36%
	RF	B	0.09%	0.06%	0.06%
	RJF	C	0.09%	0.07%	0.07%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.11%	0.1%
	ROK	D	0.11%	0.09%	0.09%
	ROST	C	0.15%	0.15%	0.15%
	RSG	D	0.17%	0.12%	0.12%
	RTX	B	0.66%	0.48%	0.48%
	SBAC	C	0.1%	0.08%	0.08%
	SBUX	C	0.1%	0.33%	0.1%
	SCHW	D	0.35%	0.29%	0.29%
	SHW	B	0.03%	0.27%	0.03%
	SJM	C	0.05%	0.04%	0.04%
	SLB	F	0.25%	0.18%	0.18%
	SNA	B	0.06%	0.04%	0.04%
	SO	B	0.38%	0.3%	0.3%
	SOLV	D	0.04%	0.03%	0.03%
	SPG	B	0.16%	0.16%	0.16%
	SPGI	C	0.64%	0.51%	0.51%
	SRE	B	0.21%	0.16%	0.16%
	STE	B	0.1%	0.07%	0.07%
	STLD	C	0.07%	0.05%	0.05%
	STT	B	0.11%	0.08%	0.08%
	STZ	C	0.15%	0.12%	0.12%
	SW	B	0.05%	0.08%	0.05%
	SWK	B	0.06%	0.05%	0.05%
	SYF	C	0.08%	0.06%	0.06%
	SYK	C	0.37%	0.37%	0.37%
	SYY	C	0.06%	0.11%	0.06%
	T	B	0.57%	0.48%	0.48%
	TAP	D	0.04%	0.03%	0.03%
	TDG	B	0.24%	0.23%	0.23%
	TECH	C	0.05%	0.04%	0.04%
	TFC	D	0.24%	0.17%	0.17%
	TFX	B	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.22%	0.22%
	TJX	C	0.22%	0.41%	0.22%
	TMO	B	0.94%	0.71%	0.71%
	TMUS	B	0.39%	0.31%	0.31%
	TPR	A	0.04%	0.03%	0.03%
	TROW	C	0.09%	0.07%	0.07%
	TRV	C	0.21%	0.17%	0.17%
	TSN	D	0.07%	0.05%	0.05%
	TT	B	0.22%	0.26%	0.22%
	TTWO	D	0.11%	0.07%	0.07%
	TXT	D	0.07%	0.05%	0.05%
	UAL	B	0.06%	0.05%	0.05%
	UDR	C	0.06%	0.04%	0.04%
	UHS	C	0.06%	0.04%	0.04%
	ULTA	D	0.01%	0.06%	0.01%
	UNH	C	2.03%	1.63%	1.63%
	UNP	D	0.33%	0.47%	0.33%
	UPS	D	0.38%	0.29%	0.29%
	URI	B	0.15%	0.15%	0.15%
	USB	C	0.3%	0.22%	0.22%
	VICI	C	0.14%	0.11%	0.11%
	VLO	F	0.19%	0.14%	0.14%
	VLTO	B	0.06%	0.07%	0.06%
	VMC	C	0.1%	0.1%	0.1%
	VRTX	D	0.26%	0.37%	0.26%
	VTR	C	0.1%	0.08%	0.08%
	VTRS	D	0.06%	0.04%	0.04%
	VZ	A	0.71%	0.56%	0.56%
	WAB	B	0.12%	0.09%	0.09%
	WAT	B	0.03%	0.06%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	D	0.08%	0.06%	0.06%
	WEC	B	0.12%	0.09%	0.09%
	WELL	C	0.29%	0.23%	0.23%
	WFC	D	0.82%	0.58%	0.58%
	WMB	C	0.22%	0.17%	0.17%
	WMT	B	1.35%	1.03%	1.03%
	WRB	D	0.07%	0.05%	0.05%
	WST	D	0.04%	0.07%	0.04%
	WTW	B	0.12%	0.09%	0.09%
	WY	C	0.09%	0.07%	0.07%
	WYNN	C	0.03%	0.02%	0.02%
	XEL	B	0.14%	0.11%	0.11%
	XOM	D	2.12%	1.57%	1.57%
	XYL	C	0.13%	0.1%	0.1%
	YUM	B	0.09%	0.11%	0.09%
	ZBH	F	0.09%	0.07%	0.07%
	ZTS	B	0.06%	0.27%	0.06%

VONV Overweight 448 Positions Relative to SPXT

	Symbol	Grade	Weight
	ACN	C	0.86%
	CSCO	B	0.82%
	IBM	B	0.74%
	TXN	B	0.69%
	ADI	C	0.47%
	MU	D	0.43%
	INTC	D	0.38%
	AMD	C	0.33%
	ROP	C	0.24%
	MRVL	D	0.24%
	MCHP	D	0.17%
	CTSH	B	0.16%
	MSI	B	0.15%
	CRM	C	0.14%
	GLW	B	0.13%
	APH	C	0.13%
	ON	D	0.13%
	HPQ	C	0.11%
	KEYS	B	0.11%
	ANSS	D	0.11%
	DELL	C	0.1%
	FSLR	C	0.1%
	FCNCA	D	0.1%
	HPE	C	0.1%
	SQ	D	0.09%
	WDC	C	0.09%
	MSTR	C	0.08%
	TDY	B	0.08%
	LNG	D	0.08%
	ILMN	D	0.08%
	RS	D	0.07%
	WSO	C	0.07%
	SUI	C	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	CSL	B	0.07%
	AVTR	C	0.07%
	SWKS	F	0.07%
	TRU	B	0.07%
	NTAP	D	0.06%
	TRMB	C	0.06%
	ZBRA	B	0.06%
	GGG	C	0.06%
	RGA	C	0.06%
	OC	C	0.06%
	VRSN	C	0.06%
	TOL	A	0.06%
	CDW	D	0.06%
	APO	B	0.06%
	FNF	B	0.06%
	AKAM	D	0.06%
	MKL	C	0.06%
	RBA	D	0.06%
	UTHR	B	0.06%
	THC	C	0.06%
	SSNC	C	0.06%
	NVT	C	0.05%
	RPRX	C	0.05%
	RPM	B	0.05%
	ITT	B	0.05%
	BLD	C	0.05%
	OVV	F	0.05%
	FTI	D	0.05%
	EWBC	C	0.05%
	CUBE	C	0.05%
	RIVN	F	0.05%
	JBL	C	0.05%
	FFIV	B	0.05%
	CW	B	0.05%
	QCOM	D	0.05%
	DKS	D	0.05%
	JNPR	A	0.05%
	CLH	C	0.05%
	WPC	C	0.05%
	RNR	B	0.05%
	AMAT	D	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	D	0.05%
	AMH	D	0.05%
	GLPI	C	0.05%
	USFD	C	0.05%
	ACM	B	0.05%
	DCI	C	0.04%
	SF	B	0.04%
	TWLO	C	0.04%
	WAL	B	0.04%
	CG	C	0.04%
	EVR	B	0.04%
	INGR	B	0.04%
	NYT	B	0.04%
	EGP	C	0.04%
	FTNT	B	0.04%
	CNH	C	0.04%
	ORI	B	0.04%
	FHN	D	0.04%
	GPK	C	0.04%
	PRI	B	0.04%
	SNX	C	0.04%
	CHRD	F	0.04%
	EHC	B	0.04%
	RGLD	C	0.04%
	AFG	C	0.04%
	ARMK	B	0.04%
	TTC	F	0.04%
	OHI	C	0.04%
	PFGC	B	0.04%
	CHK	C	0.04%
	WTRG	D	0.04%
	WWD	C	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	AFRM	D	0.04%
	QGEN	C	0.04%
	ATR	B	0.04%
	ALLY	F	0.04%
	COHR	C	0.04%
	CVNA	B	0.04%
	EPAM	F	0.04%
	BJ	D	0.04%
	CCK	B	0.04%
	UNM	B	0.04%
	CACI	B	0.04%
	REXR	C	0.04%
	NTNX	D	0.04%
	EME	B	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	C	0.04%
	R	C	0.03%
	GME	D	0.03%
	VFC	B	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	FICO	B	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	D	0.03%
	FLS	C	0.03%
	CGNX	F	0.03%
	BPOP	C	0.03%
	Z	C	0.03%
	LEA	D	0.03%
	PB	D	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	LFUS	C	0.03%
	GWRE	B	0.03%
	SAIC	C	0.03%
	SNV	D	0.03%
	OKTA	F	0.03%
	XP	D	0.03%
	MSA	D	0.03%
	MTG	B	0.03%
	EXAS	D	0.03%
	SEIC	B	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	SOFI	D	0.03%
	KEX	C	0.03%
	WSM	C	0.03%
	SWN	C	0.03%
	NOV	F	0.03%
	SSD	C	0.03%
	OSK	F	0.03%
	PR	F	0.03%
	JAZZ	D	0.03%
	FYBR	C	0.03%
	HRB	C	0.03%
	WTFC	C	0.03%
	RRC	D	0.03%
	MTZ	C	0.03%
	AGNC	B	0.03%
	CROX	C	0.03%
	ZION	D	0.03%
	VOYA	B	0.03%
	RGEN	F	0.03%
	WCC	C	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	GNTX	D	0.03%
	ROKU	D	0.03%
	ARW	B	0.03%
	BRBR	B	0.03%
	HLI	C	0.03%
	STAG	D	0.03%
	ACHC	D	0.03%
	BWXT	A	0.03%
	FR	C	0.03%
	MKSI	F	0.03%
	MIDD	C	0.03%
	FND	C	0.03%
	PNFP	C	0.03%
	CRBG	C	0.03%
	CMA	C	0.03%
	ELAN	D	0.03%
	CBSH	D	0.03%
	DTM	C	0.03%
	LECO	D	0.03%
	CR	B	0.03%
	JEF	C	0.03%
	ONTO	C	0.03%
	CHE	C	0.03%
	AR	C	0.03%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	C	0.03%
	OGE	B	0.03%
	COKE	C	0.03%
	DINO	F	0.03%
	BERY	B	0.03%
	AXTA	B	0.03%
	FCN	C	0.03%
	AA	C	0.03%
	TKO	A	0.03%
	APG	F	0.03%
	WBS	C	0.03%
	ALSN	B	0.03%
	GMED	D	0.03%
	LAD	B	0.03%
	LAMR	B	0.03%
	KNX	C	0.03%
	ACI	F	0.03%
	BRX	C	0.03%
	COLD	D	0.03%
	CIEN	B	0.03%
	TW	B	0.03%
	JLL	B	0.03%
	PTC	C	0.03%
	KBR	D	0.03%
	SKX	C	0.03%
	X	F	0.03%
	RBC	B	0.03%
	NNN	B	0.03%
	TYL	C	0.02%
	DXC	D	0.02%
	MSM	D	0.02%
	KMPR	D	0.02%
	LITE	B	0.02%
	NEU	D	0.02%
	LSXMK	D	0.02%
	W	C	0.02%
	IAC	C	0.02%
	PRGO	F	0.02%
	SITE	D	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	CLF	F	0.02%
	BYD	C	0.02%
	UHAL	B	0.02%
	SAIA	D	0.02%
	DLB	D	0.02%
	BILL	D	0.02%
	KRC	C	0.02%
	AGO	D	0.02%
	M	F	0.02%
	CUZ	C	0.02%
	FRPT	C	0.02%
	SLGN	B	0.02%
	FLO	C	0.02%
	DBX	C	0.02%
	PSN	B	0.02%
	PII	D	0.02%
	CIVI	F	0.02%
	OLED	D	0.02%
	ASH	F	0.02%
	GAP	F	0.02%
	HOG	C	0.02%
	ALK	B	0.02%
	S	D	0.02%
	RYN	C	0.02%
	GFS	F	0.02%
	AN	C	0.02%
	OZK	F	0.02%
	WTM	F	0.02%
	EEFT	F	0.02%
	ZG	C	0.02%
	AL	C	0.02%
	SEE	C	0.02%
	SLM	C	0.02%
	WLK	C	0.02%
	JHG	B	0.02%
	AVT	B	0.02%
	WSC	D	0.02%
	SN	B	0.02%
	IDA	B	0.02%
	OLN	D	0.02%
	MDU	B	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	C	0.02%
	COLB	B	0.02%
	UGI	B	0.02%
	WHR	C	0.02%
	FNB	D	0.02%
	BC	C	0.02%
	KD	F	0.02%
	VNT	F	0.02%
	NFG	B	0.02%
	THO	C	0.02%
	TKR	C	0.02%
	OLLI	C	0.02%
	SRCL	B	0.02%
	LBRDK	C	0.02%
	LNC	C	0.02%
	SON	D	0.02%
	AMG	C	0.02%
	OMF	D	0.02%
	WH	B	0.02%
	PVH	D	0.02%
	AGCO	D	0.02%
	DASH	B	0.02%
	H	B	0.02%
	VMI	C	0.02%
	POST	B	0.02%
	OGN	D	0.02%
	ST	D	0.02%
	COIN	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	RLI	B	0.02%
	ESI	C	0.02%
	VNO	B	0.02%
	MTSI	C	0.02%
	MTDR	F	0.02%
	STWD	B	0.02%
	AXS	B	0.02%
	SNDR	B	0.01%
	LYFT	D	0.01%
	CERT	F	0.01%
	WEN	C	0.01%
	TRIP	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	C	0.01%
	UAA	C	0.01%
	REYN	C	0.01%
	BROS	D	0.01%
	PPC	D	0.01%
	AZEK	C	0.01%
	GO	F	0.01%
	ALGM	D	0.01%
	VSTS	D	0.01%
	FTRE	F	0.01%
	TER	C	0.01%
	LPX	B	0.01%
	PSTG	F	0.01%
	SHC	C	0.01%
	IPGP	D	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%
	EXP	B	0.01%
	KSS	D	0.01%
	RCM	C	0.01%
	JWN	C	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	C	0.01%
	YETI	D	0.01%
	PINC	D	0.01%
	MASI	C	0.01%
	AGR	C	0.01%
	VIRT	C	0.01%
	ENOV	F	0.01%
	CWEN	A	0.01%
	BRKR	D	0.01%
	VAC	D	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	D	0.01%
	COLM	C	0.01%
	AZTA	F	0.01%
	U	D	0.01%
	RKT	C	0.01%
	CNM	F	0.01%
	SPB	B	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	C	0.01%
	BHF	F	0.01%
	LOPE	D	0.01%
	CACC	F	0.01%
	NWL	C	0.01%
	SMG	B	0.01%
	RH	C	0.01%
	TNL	C	0.01%
	ZI	D	0.01%
	FHB	D	0.01%
	AM	B	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	TPG	C	0.01%
	PLNT	C	0.01%
	NXST	D	0.01%
	NSA	C	0.01%
	HIW	C	0.01%
	WU	C	0.01%
	MAN	C	0.01%
	EPR	C	0.01%
	MSGS	B	0.01%
	LCID	C	0.01%
	SPR	D	0.01%
	CNXC	F	0.01%
	HUN	C	0.01%
	DNB	D	0.01%
	AWI	B	0.01%
	COTY	D	0.01%
	ALNY	C	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	B	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%
	CHH	B	0.0%
	CACC	F	0.0%
	SIRI	C	0.0%
	TFSL	D	0.0%
	PATH	D	0.0%
	HCP	A	0.0%
	CWEN	A	0.0%
	SEB	D	0.0%
	TXG	D	0.0%
	FIVE	D	0.0%
	CAR	D	0.0%
	LSCC	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%
	UA	C	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 40 Positions Relative to SPXT

	Symbol	Grade	Weight
	AMZN	C	-5.22%
	META	B	-3.6%
	GOOGL	D	-2.87%
	GOOG	D	-2.4%
	LLY	D	-2.21%
	TSLA	C	-1.93%
	V	C	-1.39%
	MA	B	-1.24%
	COST	C	-1.21%
	MRK	F	-0.92%
	NFLX	B	-0.91%
	ISRG	C	-0.52%
	UBER	C	-0.47%
	AMT	C	-0.34%
	BX	C	-0.34%
	CME	B	-0.24%
	CMG	D	-0.24%
	WM	D	-0.23%
	MCO	C	-0.23%
	ABNB	D	-0.17%
	IDXX	D	-0.13%
	VRSK	D	-0.12%
	ODFL	D	-0.11%
	TRGP	C	-0.1%
	TSCO	B	-0.09%
	VST	B	-0.09%
	LULU	D	-0.09%
	AXON	B	-0.08%
	DXCM	F	-0.08%
	DECK	C	-0.07%
	CLX	C	-0.06%
	CPAY	B	-0.06%
	LVS	C	-0.05%
	PODD	C	-0.05%
	EXPE	C	-0.05%
	POOL	C	-0.04%
	ROL	C	-0.04%
	LYV	A	-0.04%
	DVA	B	-0.03%
	NCLH	B	-0.03%

VONV: Top Represented Industries & Keywords

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

SPXT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Dow Jones Component Chemical Real Estate Investment Trust Medicine Bank Banking Electronics Insurance Products Petroleum Industry Telecommunications Transport Investment Bank Mining Aerospace Disability