VONV vs. VCSH ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 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 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,792,762

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VCSH
30 Days	3.51%	-0.10%
60 Days	4.96%	-0.93%
90 Days	7.00%	0.07%
12 Months	29.73%	6.91%

362 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VCSH	Overlap
	A	D	0.15%	0.02%	0.02%
	ABBV	D	0.82%	0.02%	0.02%
	ABT	B	0.78%	0.02%	0.02%
	ADI	D	0.44%	0.02%	0.02%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.05%	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%	0.02%	0.02%
	AGR	B	0.01%	0.03%	0.01%
	AIG	B	0.2%	0.06%	0.06%
	AIZ	A	0.04%	0.02%	0.02%
	AL	B	0.02%	0.02%	0.02%
	ALB	C	0.04%	0.02%	0.02%
	ALL	A	0.17%	0.01%	0.01%
	ALLE	D	0.05%	0.02%	0.02%
	ALLY	C	0.03%	0.01%	0.01%
	AMAT	F	0.05%	0.03%	0.03%
	AMD	F	0.32%	0.01%	0.01%
	AMG	B	0.02%	0.01%	0.01%
	AMGN	D	0.15%	0.01%	0.01%
	AMP	A	0.02%	0.01%	0.01%
	AN	C	0.02%	0.02%	0.02%
	AON	A	0.29%	0.01%	0.01%
	APD	A	0.28%	0.01%	0.01%
	APH	A	0.13%	0.02%	0.02%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.08%	0.01%	0.01%
	ARW	D	0.03%	0.01%	0.01%
	ATO	A	0.08%	0.03%	0.03%
	AVB	B	0.13%	0.01%	0.01%
	AVT	C	0.02%	0.01%	0.01%
	AWK	D	0.11%	0.01%	0.01%
	AXP	A	0.38%	0.03%	0.03%
	AZO	C	0.02%	0.01%	0.01%
	BA	F	0.34%	0.01%	0.01%
	BAC	A	1.14%	0.01%	0.01%
	BAX	D	0.07%	0.03%	0.03%
	BC	C	0.02%	0.02%	0.02%
	BDX	F	0.27%	0.02%	0.02%
	BEN	C	0.02%	0.02%	0.02%
	BERY	B	0.03%	0.03%	0.03%
	BG	F	0.05%	0.03%	0.03%
	BIIB	F	0.1%	0.08%	0.08%
	BK	A	0.22%	0.01%	0.01%
	BKNG	A	0.04%	0.02%	0.02%
	BLK	C	0.58%	0.05%	0.05%
	BMY	B	0.45%	0.02%	0.02%
	BR	A	0.01%	0.02%	0.01%
	BRO	B	0.06%	0.02%	0.02%
	BRX	A	0.03%	0.02%	0.02%
	BSX	B	0.49%	0.01%	0.01%
	BWA	D	0.03%	0.02%	0.02%
	BXP	D	0.05%	0.03%	0.03%
	C	A	0.49%	0.02%	0.02%
	CACC	D	0.0%	0.01%	0.0%
	CAG	D	0.06%	0.01%	0.01%
	CAH	B	0.04%	0.02%	0.02%
	CARR	D	0.2%	0.09%	0.09%
	CAT	B	0.63%	0.02%	0.02%
	CB	C	0.46%	0.03%	0.03%
	CCI	D	0.19%	0.02%	0.02%
	CE	F	0.04%	0.02%	0.02%
	CF	B	0.06%	0.02%	0.02%
	CFG	B	0.08%	0.01%	0.01%
	CHD	B	0.1%	0.01%	0.01%
	CHTR	C	0.12%	0.07%	0.07%
	CI	F	0.32%	0.01%	0.01%
	CL	D	0.14%	0.01%	0.01%
	CMA	A	0.03%	0.01%	0.01%
	CMCSA	B	0.67%	0.03%	0.03%
	CME	A	0.32%	0.03%	0.03%
	CMI	A	0.18%	0.02%	0.02%
	CMS	C	0.08%	0.01%	0.01%
	CNA	B	0.0%	0.02%	0.0%
	CNH	C	0.04%	0.02%	0.02%
	CNP	B	0.07%	0.01%	0.01%
	COF	B	0.25%	0.01%	0.01%
	COKE	C	0.03%	0.02%	0.02%
	COP	C	0.51%	0.01%	0.01%
	CPB	D	0.04%	0.02%	0.02%
	CPT	B	0.05%	0.02%	0.02%
	CRM	B	0.17%	0.05%	0.05%
	CSCO	B	0.89%	0.02%	0.02%
	CSL	C	0.07%	0.01%	0.01%
	CSX	B	0.26%	0.02%	0.02%
	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%	0.02%	0.02%
	D	C	0.2%	0.01%	0.01%
	DAL	C	0.15%	0.01%	0.01%
	DD	D	0.14%	0.08%	0.08%
	DE	A	0.41%	0.01%	0.01%
	DELL	C	0.11%	0.01%	0.01%
	DFS	B	0.15%	0.01%	0.01%
	DG	F	0.07%	0.01%	0.01%
	DGX	A	0.07%	0.02%	0.02%
	DHI	D	0.2%	0.01%	0.01%
	DHR	F	0.63%	0.02%	0.02%
	DIS	B	0.71%	0.03%	0.03%
	DLR	B	0.23%	0.03%	0.03%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	D	0.06%	0.02%	0.02%
	DOV	A	0.1%	0.02%	0.02%
	DOW	F	0.14%	0.01%	0.01%
	DTE	C	0.1%	0.01%	0.01%
	DUK	C	0.36%	0.01%	0.01%
	DVN	F	0.1%	0.02%	0.02%
	DXC	B	0.01%	0.03%	0.01%
	EA	A	0.16%	0.02%	0.02%
	EBAY	D	0.12%	0.03%	0.03%
	ED	D	0.14%	0.01%	0.01%
	EFX	F	0.1%	0.02%	0.02%
	EIX	B	0.13%	0.01%	0.01%
	EL	F	0.04%	0.03%	0.03%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.25%	0.01%	0.01%
	EOG	A	0.28%	0.02%	0.02%
	EPR	D	0.01%	0.01%	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%	0.07%	0.07%
	ETR	B	0.13%	0.01%	0.01%
	EVRG	A	0.05%	0.01%	0.01%
	EXC	C	0.16%	0.01%	0.01%
	FAF	A	0.03%	0.01%	0.01%
	FANG	D	0.13%	0.02%	0.02%
	FDX	B	0.25%	0.03%	0.03%
	FE	C	0.1%	0.01%	0.01%
	FHN	A	0.04%	0.01%	0.01%
	FIS	C	0.2%	0.03%	0.03%
	FITB	A	0.12%	0.03%	0.03%
	FLS	B	0.03%	0.01%	0.01%
	FMC	D	0.03%	0.01%	0.01%
	FNB	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.04%	0.04%
	FRT	B	0.04%	0.02%	0.02%
	FTNT	C	0.04%	0.02%	0.02%
	FTV	C	0.1%	0.04%	0.04%
	G	B	0.03%	0.01%	0.01%
	GD	F	0.32%	0.02%	0.02%
	GE	D	0.59%	0.01%	0.01%
	GILD	C	0.44%	0.04%	0.04%
	GIS	D	0.15%	0.03%	0.03%
	GLPI	C	0.05%	0.03%	0.03%
	GM	B	0.23%	0.02%	0.02%
	GPN	B	0.11%	0.03%	0.03%
	GS	A	0.48%	0.01%	0.01%
	GWW	B	0.02%	0.02%	0.02%
	GXO	B	0.03%	0.02%	0.02%
	H	B	0.02%	0.01%	0.01%
	HAL	C	0.1%	0.03%	0.03%
	HAS	D	0.0%	0.03%	0.0%
	HBAN	A	0.09%	0.01%	0.01%
	HCA	F	0.2%	0.06%	0.06%
	HD	A	0.32%	0.01%	0.01%
	HES	B	0.05%	0.01%	0.01%
	HII	D	0.03%	0.01%	0.01%
	HIW	D	0.01%	0.01%	0.01%
	HOG	D	0.02%	0.02%	0.02%
	HON	B	0.45%	0.01%	0.01%
	HPE	B	0.1%	0.03%	0.03%
	HPQ	B	0.11%	0.05%	0.05%
	HRB	D	0.03%	0.02%	0.02%
	HRL	D	0.04%	0.03%	0.03%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.01%	0.01%
	HUBB	B	0.09%	0.01%	0.01%
	HUM	C	0.12%	0.02%	0.02%
	IBM	C	0.76%	0.02%	0.02%
	ICE	C	0.35%	0.02%	0.02%
	IFF	D	0.1%	0.01%	0.01%
	ILMN	D	0.09%	0.02%	0.02%
	INTC	D	0.37%	0.03%	0.03%
	IP	B	0.08%	0.02%	0.02%
	IPG	D	0.04%	0.01%	0.01%
	ITW	B	0.19%	0.04%	0.04%
	IVZ	B	0.03%	0.02%	0.02%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.01%	0.01%
	JCI	C	0.17%	0.02%	0.02%
	JEF	A	0.03%	0.03%	0.03%
	JHG	A	0.02%	0.01%	0.01%
	JNJ	D	1.54%	0.02%	0.02%
	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%	0.02%	0.02%
	KEY	B	0.06%	0.01%	0.01%
	KEYS	A	0.1%	0.02%	0.02%
	KIM	A	0.06%	0.01%	0.01%
	KMB	D	0.11%	0.01%	0.01%
	KMI	A	0.19%	0.02%	0.02%
	KMPR	B	0.02%	0.02%	0.02%
	KO	D	0.43%	0.06%	0.06%
	KR	B	0.15%	0.02%	0.02%
	KRC	C	0.02%	0.01%	0.01%
	KSS	F	0.01%	0.01%	0.01%
	L	A	0.06%	0.02%	0.02%
	LDOS	C	0.1%	0.02%	0.02%
	LEG	F	0.01%	0.01%	0.01%
	LEN	D	0.16%	0.01%	0.01%
	LEN	D	0.01%	0.01%	0.01%
	LH	C	0.08%	0.01%	0.01%
	LHX	C	0.19%	0.02%	0.02%
	LIN	D	0.88%	0.02%	0.02%
	LMT	D	0.32%	0.05%	0.05%
	LNC	B	0.02%	0.01%	0.01%
	LNT	A	0.06%	0.02%	0.02%
	LOW	D	0.6%	0.01%	0.01%
	LUV	C	0.07%	0.01%	0.01%
	LYB	F	0.09%	0.02%	0.02%
	MAA	B	0.07%	0.01%	0.01%
	MAR	B	0.24%	0.01%	0.01%
	MCD	D	0.79%	0.01%	0.01%
	MCHP	D	0.16%	0.01%	0.01%
	MCK	B	0.15%	0.01%	0.01%
	MDLZ	F	0.37%	0.01%	0.01%
	MDT	D	0.46%	0.08%	0.08%
	MET	A	0.18%	0.02%	0.02%
	MHK	D	0.03%	0.03%	0.03%
	MKC	D	0.08%	0.02%	0.02%
	MLM	B	0.14%	0.01%	0.01%
	MMC	B	0.37%	0.01%	0.01%
	MMM	D	0.23%	0.01%	0.01%
	MO	A	0.37%	0.01%	0.01%
	MOS	F	0.03%	0.03%	0.03%
	MPC	D	0.21%	0.03%	0.03%
	MRVL	B	0.25%	0.02%	0.02%
	MS	A	0.51%	0.03%	0.03%
	MSI	B	0.16%	0.03%	0.03%
	MTB	A	0.13%	0.02%	0.02%
	MU	D	0.44%	0.03%	0.03%
	NDAQ	A	0.12%	0.01%	0.01%
	NEE	D	0.65%	0.01%	0.01%
	NEM	D	0.21%	0.01%	0.01%
	NEU	C	0.01%	0.01%	0.01%
	NFG	A	0.02%	0.01%	0.01%
	NI	A	0.06%	0.05%	0.05%
	NKE	D	0.14%	0.02%	0.02%
	NNN	D	0.03%	0.02%	0.02%
	NOC	D	0.28%	0.05%	0.05%
	NSC	B	0.23%	0.01%	0.01%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.03%	0.03%
	NVT	B	0.05%	0.01%	0.01%
	O	D	0.21%	0.01%	0.01%
	OC	A	0.06%	0.01%	0.01%
	OHI	C	0.04%	0.02%	0.02%
	OKE	A	0.23%	0.02%	0.02%
	OMC	C	0.08%	0.06%	0.06%
	ORI	A	0.03%	0.02%	0.02%
	ORLY	B	0.02%	0.01%	0.01%
	OTIS	C	0.16%	0.07%	0.07%
	PCAR	B	0.21%	0.01%	0.01%
	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%	0.01%	0.01%
	PG	A	1.21%	0.01%	0.01%
	PH	A	0.32%	0.02%	0.02%
	PHM	D	0.11%	0.03%	0.03%
	PKG	A	0.08%	0.01%	0.01%
	PM	B	0.83%	0.02%	0.02%
	PNC	B	0.3%	0.02%	0.02%
	PNW	B	0.04%	0.01%	0.01%
	PPG	F	0.12%	0.01%	0.01%
	PPL	B	0.1%	0.01%	0.01%
	PRU	A	0.18%	0.03%	0.03%
	PSA	D	0.18%	0.02%	0.02%
	PSX	C	0.2%	0.01%	0.01%
	PVH	C	0.02%	0.03%	0.02%
	PYPL	B	0.32%	0.03%	0.03%
	QCOM	F	0.05%	0.04%	0.04%
	R	B	0.02%	0.01%	0.01%
	RF	A	0.09%	0.04%	0.04%
	RGA	A	0.06%	0.01%	0.01%
	RL	B	0.03%	0.02%	0.02%
	RNR	C	0.05%	0.01%	0.01%
	ROK	B	0.11%	0.01%	0.01%
	ROP	B	0.23%	0.01%	0.01%
	ROST	C	0.14%	0.02%	0.02%
	RPM	A	0.05%	0.01%	0.01%
	RPRX	D	0.04%	0.04%	0.04%
	RS	B	0.07%	0.01%	0.01%
	RSG	A	0.16%	0.01%	0.01%
	RTX	C	0.64%	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%
	SLB	C	0.23%	0.02%	0.02%
	SNV	B	0.03%	0.01%	0.01%
	SNX	C	0.03%	0.03%	0.03%
	SO	D	0.4%	0.01%	0.01%
	SPG	B	0.16%	0.02%	0.02%
	SPGI	C	0.6%	0.03%	0.03%
	SRE	A	0.21%	0.01%	0.01%
	STLD	B	0.08%	0.02%	0.02%
	STT	A	0.11%	0.03%	0.03%
	STZ	D	0.15%	0.02%	0.02%
	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%	0.01%	0.01%
	SYY	B	0.06%	0.03%	0.03%
	T	A	0.65%	0.01%	0.01%
	TAP	C	0.04%	0.1%	0.04%
	TDY	B	0.08%	0.02%	0.02%
	TFC	A	0.23%	0.01%	0.01%
	TGT	F	0.28%	0.05%	0.05%
	THG	A	0.02%	0.02%	0.02%
	TJX	A	0.21%	0.04%	0.04%
	TKR	D	0.02%	0.01%	0.01%
	TMO	F	0.84%	0.01%	0.01%
	TMUS	B	0.43%	0.04%	0.04%
	TRMB	B	0.06%	0.01%	0.01%
	TSN	B	0.07%	0.01%	0.01%
	TT	A	0.22%	0.02%	0.02%
	TXN	C	0.65%	0.01%	0.01%
	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%	0.01%	0.01%
	UNH	C	1.94%	0.01%	0.01%
	UNM	A	0.05%	0.02%	0.02%
	UNP	C	0.3%	0.01%	0.01%
	UPS	C	0.39%	0.02%	0.02%
	USB	A	0.3%	0.02%	0.02%
	VFC	C	0.03%	0.04%	0.03%
	VLO	C	0.17%	0.03%	0.03%
	VMC	B	0.11%	0.01%	0.01%
	VNO	B	0.03%	0.02%	0.02%
	VNT	B	0.02%	0.02%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VTR	C	0.11%	0.02%	0.02%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.71%	0.06%	0.06%
	WAB	B	0.13%	0.03%	0.03%
	WAL	B	0.04%	0.03%	0.03%
	WBA	F	0.03%	0.06%	0.03%
	WEC	A	0.12%	0.02%	0.02%
	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%	0.04%	0.02%
	WMB	A	0.25%	0.03%	0.03%
	WMT	A	1.42%	0.02%	0.02%
	WPC	D	0.05%	0.02%	0.02%
	WU	D	0.01%	0.01%	0.01%
	WY	D	0.09%	0.01%	0.01%
	XEL	A	0.15%	0.01%	0.01%
	XOM	B	2.1%	0.02%	0.02%
	ZBH	C	0.09%	0.02%	0.02%
	ZTS	D	0.06%	0.04%	0.04%

VONV Overweight 480 Positions Relative to VCSH

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	ACN	C	0.87%
	PLD	D	0.42%
	GEV	B	0.33%
	ELV	F	0.32%
	REGN	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%
	KVUE	A	0.18%
	AME	A	0.17%
	CBRE	B	0.16%
	F	C	0.16%
	URI	B	0.16%
	GLW	B	0.15%
	CTSH	B	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	IR	B	0.15%
	EXR	D	0.14%
	GEHC	F	0.14%
	ACGL	D	0.14%
	MSTR	C	0.14%
	RCL	A	0.13%
	HIG	B	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	XYL	D	0.12%
	CSGP	D	0.12%
	KHC	F	0.12%
	ON	D	0.12%
	PWR	A	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%
	RJF	A	0.11%
	HLT	A	0.11%
	PAYX	C	0.11%
	TROW	B	0.1%
	SBAC	D	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	STE	F	0.09%
	CCL	B	0.09%
	PGR	A	0.09%
	CBOE	B	0.09%
	YUM	B	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	INVH	D	0.08%
	BBY	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	MAS	D	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%
	VRSN	F	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%
	TOL	B	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	ZBRA	B	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	GEN	B	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	AMH	D	0.05%
	CHRW	C	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%
	REG	B	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%
	WBS	A	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	DRI	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%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	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%
	DOX	D	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%
	AVY	D	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%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	MTSI	B	0.03%
	OKTA	C	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%
	OSK	B	0.03%
	KEX	C	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	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%
	CHE	D	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	COLD	D	0.03%
	ADC	B	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%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	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%
	OGE	B	0.03%
	PNFP	B	0.03%
	ECL	D	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	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%
	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%
	X	C	0.03%
	INGR	B	0.03%
	ALNY	D	0.02%
	MSGS	A	0.02%
	RH	B	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%
	FLO	D	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%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	XRAY	F	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%
	SON	D	0.02%
	ST	F	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	LEA	D	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%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	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%
	AAP	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%
	EXP	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%
	BHF	B	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%
	HUN	F	0.01%
	CTAS	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%
	CHH	A	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 82 Positions Relative to VCSH

	Symbol	Grade	Weight
	V	A	-0.13%
	STLA	F	-0.07%
	COST	B	-0.06%
	KLAC	D	-0.06%
	VRSK	A	-0.05%
	ORCL	B	-0.05%
	WB	D	-0.04%
	MA	C	-0.04%
	ARCC	A	-0.04%
	GSK	F	-0.04%
	MRK	F	-0.04%
	AZN	D	-0.04%
	GOOGL	C	-0.04%
	AMZN	C	-0.04%
	MSFT	F	-0.04%
	JD	D	-0.03%
	CNO	A	-0.03%
	ADBE	C	-0.03%
	EPD	A	-0.03%
	MPLX	A	-0.03%
	AER	B	-0.03%
	AAPL	C	-0.03%
	SKT	B	-0.02%
	BKU	A	-0.02%
	CDNS	B	-0.02%
	GBDC	C	-0.02%
	HP	B	-0.02%
	INTU	C	-0.02%
	EQH	B	-0.02%
	SBRA	C	-0.02%
	TSLX	C	-0.02%
	WM	A	-0.02%
	BKH	A	-0.02%
	BABA	D	-0.02%
	AWH	F	-0.02%
	GSBD	F	-0.02%
	LLY	F	-0.02%
	OCSL	F	-0.02%
	LAZ	B	-0.02%
	LRCX	F	-0.02%
	MCO	B	-0.02%
	FLEX	A	-0.02%
	EXPE	B	-0.02%
	NXPI	D	-0.02%
	FSK	A	-0.02%
	WEST	C	-0.02%
	NVDA	C	-0.02%
	ET	A	-0.02%
	CM	A	-0.02%
	LVS	C	-0.02%
	RY	A	-0.02%
	TD	F	-0.02%
	VLY	B	-0.01%
	SLG	B	-0.01%
	BDN	C	-0.01%
	BCSF	C	-0.01%
	TME	D	-0.01%
	SITC	D	-0.01%
	TEL	B	-0.01%
	BHP	F	-0.01%
	CLX	B	-0.01%
	GP	F	-0.01%
	OGS	A	-0.01%
	PSEC	D	-0.01%
	SCCO	F	-0.01%
	ADSK	A	-0.01%
	MAIN	A	-0.01%
	LII	A	-0.01%
	PDM	D	-0.01%
	OPI	F	-0.01%
	CP	D	-0.01%
	BIDU	F	-0.01%
	AMT	D	-0.01%
	PAA	B	-0.01%
	BNS	A	-0.01%
	VOD	F	-0.01%
	DB	D	-0.01%
	AVGO	D	-0.01%
	BMO	A	-0.01%
	HSBC	B	-0.01%
	NWG	C	-0.01%
	MUFG	B	-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

VCSH: Top Represented Industries & Keywords

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

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