VONV vs. VCIT ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$81.02

Average Daily Volume

6,271,503

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VCIT
30 Days	3.51%	-0.48%
60 Days	4.96%	-2.66%
90 Days	7.00%	-1.47%
12 Months	29.73%	8.62%

397 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VCIT	Overlap
	A	D	0.15%	0.02%	0.02%
	AAL	B	0.03%	0.01%	0.01%
	AAP	C	0.01%	0.01%	0.01%
	ABBV	D	0.82%	0.13%	0.13%
	ABT	B	0.78%	0.02%	0.02%
	ACGL	D	0.14%	0.03%	0.03%
	ADC	B	0.03%	0.01%	0.01%
	ADI	D	0.44%	0.04%	0.04%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.04%	0.03%
	AEE	A	0.09%	0.01%	0.01%
	AEP	D	0.21%	0.01%	0.01%
	AES	F	0.05%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.23%	0.01%	0.01%
	AGO	B	0.02%	0.03%	0.02%
	AGR	B	0.01%	0.04%	0.01%
	AIG	B	0.2%	0.02%	0.02%
	AIZ	A	0.04%	0.02%	0.02%
	AL	B	0.02%	0.01%	0.01%
	ALL	A	0.17%	0.02%	0.02%
	ALLE	D	0.05%	0.02%	0.02%
	AMAT	F	0.05%	0.04%	0.04%
	AMCR	D	0.06%	0.01%	0.01%
	AMG	B	0.02%	0.04%	0.02%
	AMGN	D	0.15%	0.01%	0.01%
	AMH	D	0.05%	0.02%	0.02%
	AN	C	0.02%	0.02%	0.02%
	AON	A	0.29%	0.01%	0.01%
	APD	A	0.28%	0.02%	0.02%
	APH	A	0.13%	0.02%	0.02%
	APTV	D	0.06%	0.01%	0.01%
	ARE	D	0.08%	0.01%	0.01%
	ARW	D	0.03%	0.03%	0.03%
	ATO	A	0.08%	0.02%	0.02%
	AVB	B	0.13%	0.02%	0.02%
	AVT	C	0.02%	0.02%	0.02%
	AVY	D	0.04%	0.02%	0.02%
	AWK	D	0.11%	0.02%	0.02%
	AXP	A	0.38%	0.11%	0.11%
	AXS	A	0.02%	0.01%	0.01%
	AYI	B	0.04%	0.03%	0.03%
	AZO	C	0.02%	0.03%	0.02%
	BA	F	0.34%	0.03%	0.03%
	BAC	A	1.14%	0.01%	0.01%
	BAX	D	0.07%	0.02%	0.02%
	BBY	D	0.08%	0.02%	0.02%
	BC	C	0.02%	0.03%	0.02%
	BDX	F	0.27%	0.03%	0.03%
	BEN	C	0.02%	0.04%	0.02%
	BERY	B	0.03%	0.03%	0.03%
	BG	F	0.05%	0.03%	0.03%
	BHF	B	0.01%	0.05%	0.01%
	BIIB	F	0.1%	0.07%	0.07%
	BK	A	0.22%	0.01%	0.01%
	BKNG	A	0.04%	0.03%	0.03%
	BLK	C	0.58%	0.04%	0.04%
	BMY	B	0.45%	0.03%	0.03%
	BR	A	0.01%	0.04%	0.01%
	BRO	B	0.06%	0.02%	0.02%
	BRX	A	0.03%	0.01%	0.01%
	BSX	B	0.49%	0.01%	0.01%
	BWA	D	0.03%	0.01%	0.01%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.49%	0.02%	0.02%
	CAG	D	0.06%	0.01%	0.01%
	CAH	B	0.04%	0.05%	0.04%
	CARR	D	0.2%	0.04%	0.04%
	CAT	B	0.63%	0.02%	0.02%
	CB	C	0.46%	0.01%	0.01%
	CBOE	B	0.09%	0.02%	0.02%
	CCI	D	0.19%	0.03%	0.03%
	CE	F	0.04%	0.02%	0.02%
	CFG	B	0.08%	0.03%	0.03%
	CHD	B	0.1%	0.02%	0.02%
	CHH	A	0.0%	0.01%	0.0%
	CHRW	C	0.05%	0.03%	0.03%
	CHTR	C	0.12%	0.06%	0.06%
	CI	F	0.32%	0.02%	0.02%
	CINF	A	0.09%	0.02%	0.02%
	CMA	A	0.03%	0.03%	0.03%
	CMCSA	B	0.67%	0.02%	0.02%
	CME	A	0.32%	0.03%	0.03%
	CMI	A	0.18%	0.04%	0.04%
	CMS	C	0.08%	0.02%	0.02%
	CNA	B	0.0%	0.01%	0.0%
	CNH	C	0.04%	0.04%	0.04%
	CNP	B	0.07%	0.02%	0.02%
	COF	B	0.25%	0.03%	0.03%
	COP	C	0.51%	0.01%	0.01%
	CPB	D	0.04%	0.03%	0.03%
	CPT	B	0.05%	0.02%	0.02%
	CRM	B	0.17%	0.07%	0.07%
	CSL	C	0.07%	0.03%	0.03%
	CSX	B	0.26%	0.02%	0.02%
	CTAS	B	0.01%	0.05%	0.01%
	CTVA	C	0.17%	0.02%	0.02%
	CUBE	D	0.04%	0.01%	0.01%
	CVS	D	0.29%	0.02%	0.02%
	CVX	A	1.03%	0.01%	0.01%
	D	C	0.2%	0.01%	0.01%
	DAL	C	0.15%	0.03%	0.03%
	DD	D	0.14%	0.1%	0.1%
	DE	A	0.41%	0.01%	0.01%
	DELL	C	0.11%	0.04%	0.04%
	DFS	B	0.15%	0.01%	0.01%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.01%	0.01%
	DHI	D	0.2%	0.02%	0.02%
	DHR	F	0.63%	0.04%	0.04%
	DIS	B	0.71%	0.03%	0.03%
	DLR	B	0.23%	0.03%	0.03%
	DLTR	F	0.05%	0.07%	0.05%
	DOC	D	0.06%	0.01%	0.01%
	DOV	A	0.1%	0.02%	0.02%
	DOW	F	0.14%	0.01%	0.01%
	DOX	D	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.02%	0.02%
	DTE	C	0.1%	0.01%	0.01%
	DUK	C	0.36%	0.01%	0.01%
	DVN	F	0.1%	0.01%	0.01%
	DXC	B	0.01%	0.03%	0.01%
	EA	A	0.16%	0.04%	0.04%
	EBAY	D	0.12%	0.04%	0.04%
	ECL	D	0.03%	0.01%	0.01%
	ED	D	0.14%	0.01%	0.01%
	EFX	F	0.1%	0.03%	0.03%
	EIX	B	0.13%	0.01%	0.01%
	EL	F	0.04%	0.02%	0.02%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.25%	0.01%	0.01%
	EOG	A	0.28%	0.05%	0.05%
	EPR	D	0.01%	0.02%	0.01%
	EQIX	A	0.33%	0.02%	0.02%
	EQR	B	0.11%	0.02%	0.02%
	ES	D	0.09%	0.01%	0.01%
	ESS	B	0.07%	0.01%	0.01%
	ETN	A	0.53%	0.03%	0.03%
	ETR	B	0.13%	0.01%	0.01%
	EVRG	A	0.05%	0.01%	0.01%
	EW	C	0.13%	0.03%	0.03%
	EXC	C	0.16%	0.01%	0.01%
	EXP	A	0.01%	0.04%	0.01%
	EXR	D	0.14%	0.02%	0.02%
	FAF	A	0.03%	0.03%	0.03%
	FANG	D	0.13%	0.04%	0.04%
	FDX	B	0.25%	0.02%	0.02%
	FHN	A	0.04%	0.03%	0.03%
	FIS	C	0.2%	0.03%	0.03%
	FITB	A	0.12%	0.03%	0.03%
	FLO	D	0.02%	0.01%	0.01%
	FLS	B	0.03%	0.03%	0.03%
	FMC	D	0.03%	0.03%	0.03%
	FNF	B	0.06%	0.02%	0.02%
	FOXA	B	0.04%	0.03%	0.03%
	FRT	B	0.04%	0.02%	0.02%
	FTNT	C	0.04%	0.02%	0.02%
	GD	F	0.32%	0.01%	0.01%
	GE	D	0.59%	0.04%	0.04%
	GILD	C	0.44%	0.01%	0.01%
	GIS	D	0.15%	0.04%	0.04%
	GL	B	0.04%	0.02%	0.02%
	GLPI	C	0.05%	0.03%	0.03%
	GM	B	0.23%	0.02%	0.02%
	GPC	D	0.06%	0.02%	0.02%
	GPN	B	0.11%	0.02%	0.02%
	GS	A	0.48%	0.05%	0.05%
	GXO	B	0.03%	0.02%	0.02%
	H	B	0.02%	0.02%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.01%	0.0%
	HBAN	A	0.09%	0.02%	0.02%
	HCA	F	0.2%	0.05%	0.05%
	HD	A	0.32%	0.03%	0.03%
	HES	B	0.05%	0.02%	0.02%
	HIG	B	0.13%	0.03%	0.03%
	HII	D	0.03%	0.01%	0.01%
	HIW	D	0.01%	0.01%	0.01%
	HON	B	0.45%	0.01%	0.01%
	HPQ	B	0.11%	0.04%	0.04%
	HRB	D	0.03%	0.03%	0.03%
	HRL	D	0.04%	0.01%	0.01%
	HST	C	0.05%	0.03%	0.03%
	HSY	F	0.09%	0.01%	0.01%
	HUBB	B	0.09%	0.01%	0.01%
	HUM	C	0.12%	0.01%	0.01%
	HUN	F	0.01%	0.02%	0.01%
	IBM	C	0.76%	0.01%	0.01%
	ICE	C	0.35%	0.03%	0.03%
	IEX	B	0.07%	0.05%	0.05%
	IFF	D	0.1%	0.02%	0.02%
	ILMN	D	0.09%	0.03%	0.03%
	INGR	B	0.03%	0.03%	0.03%
	INTC	D	0.37%	0.05%	0.05%
	INVH	D	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	ITW	B	0.19%	0.04%	0.04%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.17%	0.02%	0.02%
	JEF	A	0.03%	0.02%	0.02%
	JNJ	D	1.54%	0.01%	0.01%
	JNPR	F	0.05%	0.03%	0.03%
	JPM	A	2.55%	0.01%	0.01%
	K	A	0.08%	0.02%	0.02%
	KDP	D	0.15%	0.03%	0.03%
	KEX	C	0.03%	0.03%	0.03%
	KEY	B	0.06%	0.02%	0.02%
	KEYS	A	0.1%	0.03%	0.03%
	KIM	A	0.06%	0.02%	0.02%
	KMB	D	0.11%	0.02%	0.02%
	KMI	A	0.19%	0.01%	0.01%
	KMPR	B	0.02%	0.01%	0.01%
	KO	D	0.43%	0.01%	0.01%
	KR	B	0.15%	0.01%	0.01%
	KRC	C	0.02%	0.02%	0.02%
	KSS	F	0.01%	0.03%	0.01%
	L	A	0.06%	0.04%	0.04%
	LDOS	C	0.1%	0.05%	0.05%
	LEA	D	0.02%	0.02%	0.02%
	LEG	F	0.01%	0.02%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LEN	D	0.16%	0.01%	0.01%
	LH	C	0.08%	0.01%	0.01%
	LHX	C	0.19%	0.01%	0.01%
	LIN	D	0.88%	0.03%	0.03%
	LMT	D	0.32%	0.04%	0.04%
	LNC	B	0.02%	0.02%	0.02%
	LNT	A	0.06%	0.01%	0.01%
	LOW	D	0.6%	0.01%	0.01%
	LUV	C	0.07%	0.01%	0.01%
	LYB	F	0.09%	0.03%	0.03%
	MAA	B	0.07%	0.01%	0.01%
	MAR	B	0.24%	0.01%	0.01%
	MAS	D	0.07%	0.02%	0.02%
	MCD	D	0.79%	0.01%	0.01%
	MDLZ	F	0.37%	0.02%	0.02%
	MDT	D	0.46%	0.02%	0.02%
	MET	A	0.18%	0.07%	0.07%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.01%	0.01%
	MKL	A	0.06%	0.01%	0.01%
	MLM	B	0.14%	0.01%	0.01%
	MMC	B	0.37%	0.04%	0.04%
	MMM	D	0.23%	0.02%	0.02%
	MO	A	0.37%	0.02%	0.02%
	MOS	F	0.03%	0.04%	0.03%
	MPC	D	0.21%	0.04%	0.04%
	MRO	B	0.06%	0.05%	0.05%
	MRVL	B	0.25%	0.03%	0.03%
	MS	A	0.51%	0.01%	0.01%
	MSI	B	0.16%	0.02%	0.02%
	MTB	A	0.13%	0.04%	0.04%
	MU	D	0.44%	0.03%	0.03%
	NDAQ	A	0.12%	0.03%	0.03%
	NEE	D	0.65%	0.01%	0.01%
	NEM	D	0.21%	0.05%	0.05%
	NEU	C	0.01%	0.01%	0.01%
	NFG	A	0.02%	0.01%	0.01%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.14%	0.04%	0.04%
	NNN	D	0.03%	0.01%	0.01%
	NOC	D	0.28%	0.02%	0.02%
	NOV	C	0.02%	0.02%	0.02%
	NSC	B	0.23%	0.01%	0.01%
	NTAP	C	0.05%	0.03%	0.03%
	NTRS	A	0.08%	0.02%	0.02%
	NUE	C	0.14%	0.02%	0.02%
	NVR	D	0.1%	0.05%	0.05%
	NVT	B	0.05%	0.02%	0.02%
	O	D	0.21%	0.03%	0.03%
	OC	A	0.06%	0.02%	0.02%
	OGE	B	0.03%	0.01%	0.01%
	OHI	C	0.04%	0.01%	0.01%
	OKE	A	0.23%	0.01%	0.01%
	OMC	C	0.08%	0.03%	0.03%
	ORLY	B	0.02%	0.01%	0.01%
	OSK	B	0.03%	0.02%	0.02%
	OTIS	C	0.16%	0.04%	0.04%
	PCG	A	0.17%	0.01%	0.01%
	PEG	A	0.18%	0.01%	0.01%
	PEP	F	0.19%	0.02%	0.02%
	PFE	D	0.64%	0.03%	0.03%
	PFG	D	0.08%	0.02%	0.02%
	PG	A	1.21%	0.04%	0.04%
	PGR	A	0.09%	0.01%	0.01%
	PH	A	0.32%	0.05%	0.05%
	PHM	D	0.11%	0.03%	0.03%
	PKG	A	0.08%	0.02%	0.02%
	PLD	D	0.42%	0.01%	0.01%
	PM	B	0.83%	0.02%	0.02%
	PNC	B	0.3%	0.01%	0.01%
	PNR	A	0.07%	0.01%	0.01%
	PNW	B	0.04%	0.01%	0.01%
	PPG	F	0.12%	0.02%	0.02%
	PRU	A	0.18%	0.02%	0.02%
	PSA	D	0.18%	0.01%	0.01%
	PSX	C	0.2%	0.04%	0.04%
	PWR	A	0.12%	0.05%	0.05%
	PYPL	B	0.32%	0.05%	0.05%
	QCOM	F	0.05%	0.05%	0.05%
	QRVO	F	0.03%	0.05%	0.03%
	R	B	0.02%	0.02%	0.02%
	REG	B	0.05%	0.02%	0.02%
	REGN	F	0.32%	0.06%	0.06%
	REXR	F	0.04%	0.01%	0.01%
	RF	A	0.09%	0.03%	0.03%
	RGA	A	0.06%	0.03%	0.03%
	RJF	A	0.11%	0.07%	0.07%
	RL	B	0.03%	0.03%	0.03%
	RNR	C	0.05%	0.01%	0.01%
	ROK	B	0.11%	0.01%	0.01%
	ROP	B	0.23%	0.03%	0.03%
	ROST	C	0.14%	0.02%	0.02%
	RPM	A	0.05%	0.03%	0.03%
	RPRX	D	0.04%	0.02%	0.02%
	RS	B	0.07%	0.02%	0.02%
	RSG	A	0.16%	0.01%	0.01%
	RTX	C	0.64%	0.01%	0.01%
	RYN	D	0.02%	0.02%	0.02%
	SBUX	A	0.1%	0.02%	0.02%
	SCHW	B	0.38%	0.01%	0.01%
	SF	B	0.04%	0.02%	0.02%
	SHW	A	0.03%	0.02%	0.02%
	SJM	D	0.05%	0.03%	0.03%
	SLB	C	0.23%	0.05%	0.05%
	SNA	A	0.07%	0.01%	0.01%
	SNX	C	0.03%	0.03%	0.03%
	SO	D	0.4%	0.02%	0.02%
	SON	D	0.02%	0.03%	0.02%
	SPG	B	0.16%	0.01%	0.01%
	SPGI	C	0.6%	0.02%	0.02%
	SRE	A	0.21%	0.03%	0.03%
	STE	F	0.09%	0.05%	0.05%
	STLD	B	0.08%	0.02%	0.02%
	STT	A	0.11%	0.01%	0.01%
	STZ	D	0.15%	0.02%	0.02%
	SUI	D	0.07%	0.01%	0.01%
	SWK	D	0.06%	0.03%	0.03%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.03%	0.03%
	SYK	C	0.36%	0.02%	0.02%
	SYY	B	0.06%	0.05%	0.05%
	T	A	0.65%	0.05%	0.05%
	TDY	B	0.08%	0.03%	0.03%
	TFC	A	0.23%	0.02%	0.02%
	TGT	F	0.28%	0.02%	0.02%
	THG	A	0.02%	0.01%	0.01%
	TJX	A	0.21%	0.01%	0.01%
	TKR	D	0.02%	0.02%	0.02%
	TMO	F	0.84%	0.03%	0.03%
	TMUS	B	0.43%	0.09%	0.09%
	TRMB	B	0.06%	0.03%	0.03%
	TSN	B	0.07%	0.06%	0.06%
	TT	A	0.22%	0.03%	0.03%
	TXN	C	0.65%	0.02%	0.02%
	TXT	D	0.06%	0.01%	0.01%
	UAL	A	0.1%	0.01%	0.01%
	UDR	B	0.06%	0.01%	0.01%
	UHS	D	0.05%	0.04%	0.04%
	UNH	C	1.94%	0.01%	0.01%
	UNM	A	0.05%	0.02%	0.02%
	UNP	C	0.3%	0.02%	0.02%
	UPS	C	0.39%	0.03%	0.03%
	URI	B	0.16%	0.04%	0.04%
	USB	A	0.3%	0.01%	0.01%
	VFC	C	0.03%	0.03%	0.03%
	VLO	C	0.17%	0.03%	0.03%
	VMC	B	0.11%	0.02%	0.02%
	VNO	B	0.03%	0.02%	0.02%
	VNT	B	0.02%	0.03%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VRSN	F	0.06%	0.04%	0.04%
	VTR	C	0.11%	0.02%	0.02%
	VTRS	A	0.06%	0.04%	0.04%
	VZ	C	0.71%	0.04%	0.04%
	WAB	B	0.13%	0.04%	0.04%
	WBA	F	0.03%	0.02%	0.02%
	WBS	A	0.04%	0.02%	0.02%
	WEC	A	0.12%	0.01%	0.01%
	WELL	A	0.33%	0.01%	0.01%
	WFC	A	0.91%	0.01%	0.01%
	WHR	B	0.02%	0.01%	0.01%
	WLK	D	0.02%	0.01%	0.01%
	WMB	A	0.25%	0.01%	0.01%
	WMT	A	1.42%	0.01%	0.01%
	WPC	D	0.05%	0.02%	0.02%
	WTFC	A	0.03%	0.01%	0.01%
	WTRG	B	0.04%	0.03%	0.03%
	WU	D	0.01%	0.02%	0.01%
	WY	D	0.09%	0.01%	0.01%
	XEL	A	0.15%	0.01%	0.01%
	XOM	B	2.1%	0.01%	0.01%
	XRAY	F	0.02%	0.04%	0.02%
	XYL	D	0.12%	0.02%	0.02%
	ZBH	C	0.09%	0.05%	0.05%
	ZION	B	0.03%	0.03%	0.03%
	ZTS	D	0.06%	0.02%	0.02%

VONV Overweight 445 Positions Relative to VCIT

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	CSCO	B	0.89%
	ACN	C	0.87%
	GEV	B	0.33%
	AMD	F	0.32%
	ELV	F	0.32%
	FI	A	0.31%
	CEG	D	0.28%
	KKR	A	0.27%
	FCX	D	0.26%
	VRTX	F	0.25%
	AJG	B	0.23%
	TDG	D	0.23%
	TRV	B	0.22%
	PCAR	B	0.21%
	KVUE	A	0.18%
	AME	A	0.17%
	MCHP	D	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	GLW	B	0.15%
	MCK	B	0.15%
	CTSH	B	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	IR	B	0.15%
	CL	D	0.14%
	GEHC	F	0.14%
	MSTR	C	0.14%
	RCL	A	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	CSGP	D	0.12%
	KHC	F	0.12%
	ON	D	0.12%
	GRMN	B	0.12%
	WTW	B	0.12%
	SW	A	0.11%
	MTD	D	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	HLT	A	0.11%
	PAYX	C	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	SBAC	D	0.1%
	FTV	C	0.1%
	HPE	B	0.1%
	RMD	C	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CCL	B	0.09%
	YUM	B	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	IP	B	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	UTHR	C	0.07%
	WSO	A	0.07%
	WRB	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	CTRA	B	0.07%
	BALL	D	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	VLTO	D	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	SSNC	B	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	ZBRA	B	0.06%
	IRM	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	GEN	B	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	BMRN	D	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	EG	C	0.05%
	ELS	C	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	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%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	ALSN	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	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%
	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%
	OKTA	C	0.03%
	IVZ	B	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	RGEN	D	0.03%
	MTG	C	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%
	G	B	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	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%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	COLD	D	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	WAT	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	AR	B	0.03%
	MNST	C	0.03%
	ACI	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%
	CRBG	B	0.03%
	KNX	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	ALLY	C	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%
	APA	D	0.03%
	MGM	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	ORI	A	0.03%
	X	C	0.03%
	ALNY	D	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	BILL	A	0.02%
	AMP	A	0.02%
	OZK	B	0.02%
	CUZ	B	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	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%
	UGI	A	0.02%
	ZG	A	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	JHG	A	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	PVH	C	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	GWW	B	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%
	FTRE	D	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%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AZTA	D	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%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	MAN	D	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%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	B	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	CIVI	D	0.01%
	IAC	D	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	NWL	B	0.01%
	SMG	D	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%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	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%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 92 Positions Relative to VCIT

	Symbol	Grade	Weight
	DT	C	-0.28%
	MSFT	F	-0.23%
	WIT	A	-0.15%
	AMZN	C	-0.09%
	NOW	A	-0.07%
	DB	D	-0.07%
	COST	B	-0.07%
	BABA	D	-0.07%
	VRSK	A	-0.06%
	KOF	F	-0.06%
	NVDA	C	-0.06%
	MRK	F	-0.06%
	BMO	A	-0.05%
	ARCC	A	-0.05%
	TD	F	-0.05%
	ADBE	C	-0.05%
	EXPE	B	-0.05%
	AZN	D	-0.05%
	NWG	C	-0.05%
	KLAC	D	-0.04%
	LVS	C	-0.04%
	PAA	B	-0.04%
	LRCX	F	-0.04%
	AER	B	-0.04%
	MPLX	A	-0.04%
	ET	A	-0.04%
	GOOGL	C	-0.04%
	GSK	F	-0.04%
	VOD	F	-0.04%
	LLY	F	-0.03%
	ADSK	A	-0.03%
	BNS	A	-0.03%
	TSCO	D	-0.03%
	SBRA	C	-0.03%
	HP	B	-0.03%
	JD	D	-0.03%
	CNO	A	-0.03%
	AAT	B	-0.03%
	BDN	C	-0.03%
	TEL	B	-0.03%
	WB	D	-0.03%
	SCS	C	-0.03%
	FLEX	A	-0.03%
	NXPI	D	-0.03%
	V	A	-0.03%
	MA	C	-0.03%
	AMT	D	-0.03%
	EPD	A	-0.03%
	MUFG	B	-0.03%
	TME	D	-0.02%
	SKT	B	-0.02%
	SITC	D	-0.02%
	SAFE	D	-0.02%
	BKU	A	-0.02%
	HR	C	-0.02%
	EPRT	B	-0.02%
	NHI	D	-0.02%
	DSS	F	-0.02%
	FSK	A	-0.02%
	LII	A	-0.02%
	MCY	A	-0.02%
	PDM	D	-0.02%
	LAZ	B	-0.02%
	PRE	D	-0.02%
	MCO	B	-0.02%
	INTU	C	-0.02%
	CP	D	-0.02%
	BIDU	F	-0.02%
	ESGR	B	-0.02%
	ORCL	B	-0.02%
	GBDC	C	-0.01%
	SAVE	D	-0.01%
	OCSL	F	-0.01%
	GOOG	C	-0.01%
	PSEC	D	-0.01%
	OGS	A	-0.01%
	KRG	B	-0.01%
	CBT	C	-0.01%
	KMT	B	-0.01%
	LXP	D	-0.01%
	OPI	F	-0.01%
	HPP	F	-0.01%
	BKH	A	-0.01%
	SWX	B	-0.01%
	GP	F	-0.01%
	CLX	B	-0.01%
	WM	A	-0.01%
	WEST	C	-0.01%
	EQH	B	-0.01%
	AAPL	C	-0.01%
	HSBC	B	-0.01%
	AVGO	D	-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

VCIT: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Diversified Industrials REIT - Retail Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Banks - Global Packaged Foods REIT - Office Semiconductors Specialty Chemicals Specialty Retail Business Services Credit Services Insurance - Life REIT - Residential Capital Markets Aerospace & Defense Diagnostics & Research

Keywords: S&P 500 Nasdaq 100 Natural Gas Real Estate Investment Trust Insurance Bank Dow Jones Component Electricity Banking Insurance Products Electronics Computing Aerospace Chemical Investment Bank Mining Plastic Financial Products Beverage Commercial Banking