VONV vs. VFMO ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard U.S. Momentum Factor ETF (VFMO)

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 1000Â® 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

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$177.06

Average Daily Volume

39,351

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VFMO
30 Days	3.51%	8.49%
60 Days	4.96%	10.60%
90 Days	7.00%	11.86%
12 Months	29.73%	49.80%

181 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in VFMO	Overlap
AA	B	0.04%	0.02%	0.02%
ACGL	D	0.14%	0.16%	0.14%
AFL	B	0.23%	0.49%	0.23%
AGO	B	0.02%	0.2%	0.02%
AIG	B	0.2%	0.03%	0.03%
AIZ	A	0.04%	0.07%	0.04%
AJG	B	0.23%	0.17%	0.17%
ALL	A	0.17%	0.22%	0.17%
ALLY	C	0.03%	0.07%	0.03%
ALNY	D	0.02%	0.2%	0.02%
ALSN	B	0.04%	0.38%	0.04%
AM	A	0.01%	0.08%	0.01%
APH	A	0.13%	0.72%	0.13%
ATI	D	0.03%	0.12%	0.03%
AWI	A	0.02%	0.38%	0.02%
AXP	A	0.38%	0.65%	0.38%
AXS	A	0.02%	0.28%	0.02%
AYI	B	0.04%	0.13%	0.04%
BAC	A	1.14%	0.11%	0.11%
BALL	D	0.07%	0.04%	0.04%
BFAM	D	0.03%	0.17%	0.03%
BJ	A	0.04%	0.02%	0.02%
BK	A	0.22%	0.71%	0.22%
BLD	D	0.04%	0.13%	0.04%
BPOP	B	0.02%	0.33%	0.02%
BRBR	A	0.03%	0.2%	0.03%
BRO	B	0.06%	0.07%	0.06%
BSX	B	0.49%	0.89%	0.49%
C	A	0.49%	1.21%	0.49%
CACI	D	0.05%	0.02%	0.02%
CASY	A	0.05%	0.12%	0.05%
CBOE	B	0.09%	0.06%	0.06%
CBSH	A	0.03%	0.11%	0.03%
CFG	B	0.08%	0.19%	0.08%
CL	D	0.14%	0.7%	0.14%
CLH	B	0.05%	0.16%	0.05%
CNA	B	0.0%	0.07%	0.0%
CNM	D	0.01%	0.24%	0.01%
COHR	B	0.05%	0.15%	0.05%
COIN	C	0.02%	0.13%	0.02%
COKE	C	0.03%	0.22%	0.03%
CR	A	0.03%	0.22%	0.03%
CRBG	B	0.03%	0.2%	0.03%
CROX	D	0.02%	0.07%	0.02%
CRUS	D	0.02%	0.2%	0.02%
CSL	C	0.07%	0.19%	0.07%
CTAS	B	0.01%	0.73%	0.01%
CVNA	B	0.07%	0.33%	0.07%
CW	B	0.05%	0.14%	0.05%
DDS	B	0.0%	0.02%	0.0%
DELL	C	0.11%	0.36%	0.11%
DHI	D	0.2%	0.77%	0.2%
DKS	C	0.04%	0.17%	0.04%
DTM	B	0.04%	0.12%	0.04%
EHC	B	0.04%	0.22%	0.04%
EME	C	0.05%	0.48%	0.05%
ESAB	B	0.03%	0.16%	0.03%
ETN	A	0.53%	0.11%	0.11%
EVR	B	0.04%	0.2%	0.04%
EWBC	A	0.05%	0.06%	0.05%
EXEL	B	0.01%	0.0%	0.0%
EXP	A	0.01%	0.13%	0.01%
FANG	D	0.13%	0.29%	0.13%
FCNCA	A	0.09%	0.1%	0.09%
FHN	A	0.04%	0.02%	0.02%
FICO	B	0.03%	0.23%	0.03%
FITB	A	0.12%	0.34%	0.12%
FNF	B	0.06%	0.05%	0.05%
FRPT	B	0.02%	0.26%	0.02%
FTI	A	0.05%	0.19%	0.05%
GAP	C	0.02%	0.1%	0.02%
GD	F	0.32%	0.26%	0.26%
GE	D	0.59%	1.14%	0.59%
GM	B	0.23%	0.35%	0.23%
GRMN	B	0.12%	0.32%	0.12%
GS	A	0.48%	0.18%	0.18%
GTES	A	0.02%	0.02%	0.02%
GWRE	A	0.03%	0.2%	0.03%
GWW	B	0.02%	0.17%	0.02%
HBAN	A	0.09%	0.35%	0.09%
HCA	F	0.2%	0.72%	0.2%
HIG	B	0.13%	0.19%	0.13%
HLT	A	0.11%	0.3%	0.11%
HOOD	B	0.06%	0.2%	0.06%
HRB	D	0.03%	0.12%	0.03%
HUBB	B	0.09%	0.02%	0.02%
HWM	A	0.15%	0.07%	0.07%
IBKR	A	0.06%	0.13%	0.06%
IBM	C	0.76%	0.21%	0.21%
IFF	D	0.1%	0.05%	0.05%
INGR	B	0.03%	0.14%	0.03%
IP	B	0.08%	0.06%	0.06%
JEF	A	0.03%	0.15%	0.03%
JLL	D	0.04%	0.21%	0.04%
JPM	A	2.55%	0.02%	0.02%
KD	B	0.02%	0.18%	0.02%
KEX	C	0.03%	0.17%	0.03%
KKR	A	0.27%	1.17%	0.27%
KMPR	B	0.02%	0.02%	0.02%
LDOS	C	0.1%	0.2%	0.1%
LEN	D	0.16%	0.05%	0.05%
LEN	D	0.01%	0.05%	0.01%
LMT	D	0.32%	0.33%	0.32%
LOPE	B	0.01%	0.03%	0.01%
LPX	B	0.01%	0.2%	0.01%
M	D	0.02%	0.03%	0.02%
MCK	B	0.15%	0.63%	0.15%
MHK	D	0.03%	0.31%	0.03%
MMM	D	0.23%	0.77%	0.23%
MO	A	0.37%	0.18%	0.18%
MSA	D	0.02%	0.02%	0.02%
MSI	B	0.16%	0.27%	0.16%
MSTR	C	0.14%	0.22%	0.14%
MTB	A	0.13%	0.37%	0.13%
MTG	C	0.03%	0.11%	0.03%
NEM	D	0.21%	0.46%	0.21%
NEU	C	0.01%	0.09%	0.01%
NTAP	C	0.05%	0.39%	0.05%
NTNX	A	0.04%	0.05%	0.04%
NVR	D	0.1%	0.12%	0.1%
NWSA	B	0.04%	0.03%	0.03%
OC	A	0.06%	0.03%	0.03%
OLLI	D	0.02%	0.04%	0.02%
OMF	A	0.02%	0.08%	0.02%
ORI	A	0.03%	0.23%	0.03%
PFGC	B	0.04%	0.02%	0.02%
PGR	A	0.09%	0.97%	0.09%
PH	A	0.32%	0.2%	0.2%
PHM	D	0.11%	0.19%	0.11%
PM	B	0.83%	0.27%	0.27%
PNC	B	0.3%	0.37%	0.3%
PNR	A	0.07%	0.09%	0.07%
PPC	C	0.01%	0.22%	0.01%
PRI	A	0.04%	0.11%	0.04%
PSN	D	0.02%	0.16%	0.02%
PSTG	D	0.01%	0.32%	0.01%
PWR	A	0.12%	0.09%	0.09%
RCL	A	0.13%	0.27%	0.13%
REGN	F	0.32%	0.54%	0.32%
RGA	A	0.06%	0.07%	0.06%
RKT	F	0.01%	0.16%	0.01%
RL	B	0.03%	0.18%	0.03%
RMD	C	0.1%	0.2%	0.1%
ROST	C	0.14%	0.02%	0.02%
RTX	C	0.64%	0.79%	0.64%
SKX	D	0.03%	0.19%	0.03%
SLM	A	0.02%	0.16%	0.02%
SN	D	0.02%	0.25%	0.02%
SNV	B	0.03%	0.16%	0.03%
SPB	C	0.01%	0.05%	0.01%
T	A	0.65%	1.02%	0.65%
TDG	D	0.23%	0.76%	0.23%
TFC	A	0.23%	0.73%	0.23%
THC	D	0.06%	0.22%	0.06%
TJX	A	0.21%	0.27%	0.21%
TKO	B	0.03%	0.06%	0.03%
TMUS	B	0.43%	0.57%	0.43%
TOL	B	0.06%	0.19%	0.06%
TPG	A	0.02%	0.23%	0.02%
TT	A	0.22%	0.94%	0.22%
TTEK	F	0.04%	0.13%	0.04%
TYL	B	0.02%	0.06%	0.02%
UHAL	D	0.0%	0.03%	0.0%
UHAL	D	0.02%	0.03%	0.02%
UHS	D	0.05%	0.2%	0.05%
URI	B	0.16%	0.26%	0.16%
USFD	A	0.06%	0.06%	0.06%
UTHR	C	0.07%	0.2%	0.07%
UWMC	D	0.0%	0.1%	0.0%
VIRT	B	0.01%	0.12%	0.01%
VRTX	F	0.25%	0.57%	0.25%
WAB	B	0.13%	0.23%	0.13%
WAL	B	0.04%	0.06%	0.04%
WMB	A	0.25%	0.02%	0.02%
WMT	A	1.42%	0.66%	0.66%
WRB	A	0.07%	0.1%	0.07%
WSM	B	0.03%	0.22%	0.03%
WSO	A	0.07%	0.08%	0.07%
WTFC	A	0.03%	0.15%	0.03%
WTW	B	0.12%	0.32%	0.12%
WWD	B	0.04%	0.09%	0.04%

VONV Overweight 661 Positions Relative to VFMO

Symbol	Grade	Weight
BRK.A	B	3.3%
XOM	B	2.1%
UNH	C	1.94%
JNJ	D	1.54%
PG	A	1.21%
CVX	A	1.03%
WFC	A	0.91%
CSCO	B	0.89%
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%
VZ	C	0.71%
CMCSA	B	0.67%
TXN	C	0.65%
NEE	D	0.65%
PFE	D	0.64%
CAT	B	0.63%
DHR	F	0.63%
LOW	D	0.6%
SPGI	C	0.6%
BLK	C	0.58%
MS	A	0.51%
COP	C	0.51%
CB	C	0.46%
MDT	D	0.46%
BMY	B	0.45%
HON	B	0.45%
MU	D	0.44%
ADI	D	0.44%
GILD	C	0.44%
KO	D	0.43%
PLD	D	0.42%
DE	A	0.41%
SO	D	0.4%
UPS	C	0.39%
SCHW	B	0.38%
MDLZ	F	0.37%
INTC	D	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%
HD	A	0.32%
ELV	F	0.32%
CI	F	0.32%
CME	A	0.32%
PYPL	B	0.32%
FI	A	0.31%
UNP	C	0.3%
USB	A	0.3%
CVS	D	0.29%
AON	A	0.29%
APD	A	0.28%
TGT	F	0.28%
CEG	D	0.28%
EOG	A	0.28%
NOC	D	0.28%
BDX	F	0.27%
FCX	D	0.26%
CSX	B	0.26%
COF	B	0.25%
EMR	A	0.25%
FDX	B	0.25%
MRVL	B	0.25%
MAR	B	0.24%
OKE	A	0.23%
NSC	B	0.23%
SLB	C	0.23%
ROP	B	0.23%
DLR	B	0.23%
TRV	B	0.22%
MPC	D	0.21%
O	D	0.21%
AEP	D	0.21%
SRE	A	0.21%
PCAR	B	0.21%
CARR	D	0.2%
D	C	0.2%
FIS	C	0.2%
PSX	C	0.2%
CCI	D	0.19%
LHX	C	0.19%
KMI	A	0.19%
PEP	F	0.19%
ITW	B	0.19%
KVUE	A	0.18%
PRU	A	0.18%
PSA	D	0.18%
PEG	A	0.18%
CMI	A	0.18%
MET	A	0.18%
VLO	C	0.17%
CRM	B	0.17%
JCI	C	0.17%
AME	A	0.17%
CTVA	C	0.17%
PCG	A	0.17%
MCHP	D	0.16%
EXC	C	0.16%
OTIS	C	0.16%
CBRE	B	0.16%
EA	A	0.16%
F	C	0.16%
RSG	A	0.16%
SPG	B	0.16%
GLW	B	0.15%
DAL	C	0.15%
KDP	D	0.15%
KR	B	0.15%
STZ	D	0.15%
DFS	B	0.15%
CTSH	B	0.15%
XEL	A	0.15%
AMGN	D	0.15%
GIS	D	0.15%
BKR	B	0.15%
A	D	0.15%
IR	B	0.15%
NUE	C	0.14%
EXR	D	0.14%
MLM	B	0.14%
DD	D	0.14%
DOW	F	0.14%
GEHC	F	0.14%
ED	D	0.14%
NKE	D	0.14%
EIX	B	0.13%
AVB	B	0.13%
EW	C	0.13%
CNC	D	0.13%
IQV	D	0.13%
ETR	B	0.13%
VICI	C	0.13%
OXY	D	0.13%
PPG	F	0.12%
EBAY	D	0.12%
XYL	D	0.12%
CSGP	D	0.12%
KHC	F	0.12%
WEC	A	0.12%
ON	D	0.12%
NDAQ	A	0.12%
CHTR	C	0.12%
HUM	C	0.12%
ADM	D	0.11%
HPQ	B	0.11%
GPN	B	0.11%
VTR	C	0.11%
EQR	B	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%
ANSS	B	0.11%
STT	A	0.11%
RJF	A	0.11%
PAYX	C	0.11%
PPL	B	0.1%
FE	C	0.1%
TROW	B	0.1%
DVN	F	0.1%
CHD	B	0.1%
HAL	C	0.1%
SBAC	D	0.1%
SBUX	A	0.1%
FTV	C	0.1%
HPE	B	0.1%
BIIB	F	0.1%
UAL	A	0.1%
DTE	C	0.1%
DOV	A	0.1%
KEYS	A	0.1%
EFX	F	0.1%
WDC	D	0.09%
LNG	B	0.09%
CINF	A	0.09%
SYF	B	0.09%
STE	F	0.09%
ZBH	C	0.09%
RF	A	0.09%
CCL	B	0.09%
HSY	F	0.09%
LYB	F	0.09%
WY	D	0.09%
YUM	B	0.09%
ILMN	D	0.09%
ES	D	0.09%
AEE	A	0.09%
SQ	B	0.09%
APO	B	0.08%
PFG	D	0.08%
LH	C	0.08%
INVH	D	0.08%
ARE	D	0.08%
STLD	B	0.08%
BBY	D	0.08%
OMC	C	0.08%
MKC	D	0.08%
ZM	B	0.08%
WBD	C	0.08%
NTRS	A	0.08%
EQT	B	0.08%
PKG	A	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%
RS	B	0.07%
SUI	D	0.07%
TSN	B	0.07%
SNA	A	0.07%
DGX	A	0.07%
J	F	0.07%
MRNA	F	0.07%
DG	F	0.07%
MAA	B	0.07%
MAS	D	0.07%
CTRA	B	0.07%
ESS	B	0.07%
BAX	D	0.07%
LUV	C	0.07%
HOLX	D	0.07%
MSCI	C	0.07%
TRU	D	0.07%
BLDR	D	0.07%
CNP	B	0.07%
VTRS	A	0.06%
CAG	D	0.06%
UDR	B	0.06%
VLTO	D	0.06%
VRSN	F	0.06%
SWKS	F	0.06%
EXPD	D	0.06%
NDSN	B	0.06%
L	A	0.06%
SYY	B	0.06%
SWK	D	0.06%
ZTS	D	0.06%
ACM	A	0.06%
RVTY	F	0.06%
TRMB	B	0.06%
JBHT	C	0.06%
CF	B	0.06%
TXT	D	0.06%
SSNC	B	0.06%
MKL	A	0.06%
AVTR	F	0.06%
AKAM	D	0.06%
ZBRA	B	0.06%
LNT	A	0.06%
IRM	D	0.06%
APTV	D	0.06%
MRO	B	0.06%
RBA	A	0.06%
KIM	A	0.06%
DOC	D	0.06%
NI	A	0.06%
GEN	B	0.06%
KEY	B	0.06%
GPC	D	0.06%
AMCR	D	0.06%
QCOM	F	0.05%
TECH	D	0.05%
ITT	A	0.05%
SCI	B	0.05%
AES	F	0.05%
SJM	D	0.05%
BG	F	0.05%
UNM	A	0.05%
AMH	D	0.05%
CHRW	C	0.05%
CPT	B	0.05%
HST	C	0.05%
WPC	D	0.05%
ALLE	D	0.05%
AMAT	F	0.05%
EMN	D	0.05%
NVT	B	0.05%
JBL	B	0.05%
BMRN	D	0.05%
RPM	A	0.05%
CDW	F	0.05%
BXP	D	0.05%
JNPR	F	0.05%
EG	C	0.05%
ELS	C	0.05%
DLTR	F	0.05%
GLPI	C	0.05%
REG	B	0.05%
JKHY	D	0.05%
HES	B	0.05%
RNR	C	0.05%
EVRG	A	0.05%
GGG	B	0.05%
FFIV	B	0.05%
WST	C	0.04%
FYBR	D	0.04%
DCI	B	0.04%
BWXT	B	0.04%
WBS	A	0.04%
HRL	D	0.04%
TW	A	0.04%
CPB	D	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%
FRT	B	0.04%
CRL	C	0.04%
FTNT	C	0.04%
CIEN	B	0.04%
MTCH	D	0.04%
REXR	F	0.04%
AFG	A	0.04%
GL	B	0.04%
DPZ	C	0.04%
QGEN	D	0.04%
TFX	F	0.04%
BKNG	A	0.04%
TAP	C	0.04%
DAY	B	0.04%
LKQ	D	0.04%
RGLD	C	0.04%
FOXA	B	0.04%
SOFI	A	0.04%
WTRG	B	0.04%
CNH	C	0.04%
EPAM	C	0.04%
ARMK	B	0.04%
PNW	B	0.04%
SOLV	C	0.04%
DOX	D	0.04%
EL	F	0.04%
AFRM	B	0.04%
CE	F	0.04%
FBIN	D	0.04%
SF	B	0.04%
OVV	B	0.04%
AVY	D	0.04%
OHI	C	0.04%
RPRX	D	0.04%
KMX	B	0.04%
CTLT	B	0.04%
MKTX	D	0.04%
CUBE	D	0.04%
CAH	B	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%
IPG	D	0.04%
NRG	B	0.04%
ATR	B	0.04%
ALB	C	0.04%
FDS	B	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%
XP	F	0.03%
BBWI	D	0.03%
FAF	A	0.03%
RGEN	D	0.03%
SIRI	C	0.03%
WMS	D	0.03%
CGNX	C	0.03%
PB	A	0.03%
PARA	C	0.03%
OSK	B	0.03%
G	B	0.03%
QRVO	F	0.03%
STAG	F	0.03%
JAZZ	B	0.03%
WBA	F	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%
FLS	B	0.03%
BIO	D	0.03%
GNTX	C	0.03%
PR	B	0.03%
GXO	B	0.03%
FAST	B	0.03%
LBRDK	C	0.03%
RRC	B	0.03%
CHE	D	0.03%
ONTO	D	0.03%
VFC	C	0.03%
Z	A	0.03%
VNO	B	0.03%
HII	D	0.03%
COLD	D	0.03%
ADC	B	0.03%
SAIC	F	0.03%
SEIC	B	0.03%
WAT	B	0.03%
CFR	B	0.03%
ZION	B	0.03%
SHW	A	0.03%
AR	B	0.03%
MNST	C	0.03%
ACI	C	0.03%
LW	C	0.03%
BWA	D	0.03%
EXAS	D	0.03%
LECO	B	0.03%
MTZ	B	0.03%
CHRD	D	0.03%
APG	B	0.03%
NNN	D	0.03%
RBC	A	0.03%
OGE	B	0.03%
PNFP	B	0.03%
BERY	B	0.03%
BRX	A	0.03%
FMC	D	0.03%
ECL	D	0.03%
VOYA	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%
GME	C	0.03%
AXTA	A	0.03%
WCC	B	0.03%
GPK	C	0.03%
TTC	D	0.03%
CMA	A	0.03%
ADP	B	0.03%
APA	D	0.03%
MGM	D	0.03%
MOS	F	0.03%
LAMR	D	0.03%
CZR	F	0.03%
PTC	A	0.03%
X	C	0.03%
SNX	C	0.03%
MSGS	A	0.02%
RH	B	0.02%
HOG	D	0.02%
ACHC	F	0.02%
AN	C	0.02%
SITE	D	0.02%
PAYC	B	0.02%
W	F	0.02%
CLF	F	0.02%
FLO	D	0.02%
OLED	D	0.02%
ASH	D	0.02%
EEFT	B	0.02%
SLGN	A	0.02%
LITE	B	0.02%
DLB	B	0.02%
DBX	B	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%
OZK	B	0.02%
XRAY	F	0.02%
AL	B	0.02%
CUZ	B	0.02%
KRC	C	0.02%
DOCS	C	0.02%
BYD	C	0.02%
HXL	D	0.02%
OLN	D	0.02%
AVT	C	0.02%
OGN	D	0.02%
ROIV	C	0.02%
GNRC	B	0.02%
SEE	C	0.02%
UGI	A	0.02%
ZG	A	0.02%
ORLY	B	0.02%
SON	D	0.02%
ST	F	0.02%
FNB	A	0.02%
FOX	A	0.02%
IDA	A	0.02%
THO	B	0.02%
THG	A	0.02%
JHG	A	0.02%
TKR	D	0.02%
POST	C	0.02%
SAIA	B	0.02%
BC	C	0.02%
LEA	D	0.02%
PVH	C	0.02%
H	B	0.02%
WHR	B	0.02%
NFG	A	0.02%
MTDR	B	0.02%
SRCL	C	0.02%
VNT	B	0.02%
MDU	D	0.02%
LNC	B	0.02%
BEN	C	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%
AMG	B	0.02%
NOV	C	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%
R	B	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%
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%
CRI	D	0.01%
PINC	B	0.01%
CNXC	F	0.01%
KSS	F	0.01%
SAM	C	0.01%
ETSY	D	0.01%
YETI	C	0.01%
AAP	C	0.01%
AZTA	D	0.01%
BR	A	0.01%
BROS	B	0.01%
LCID	F	0.01%
GLOB	B	0.01%
IPGP	D	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%
CWEN	C	0.01%
CC	C	0.01%
AGR	B	0.01%
ALGM	D	0.01%
CXT	B	0.01%
VAC	B	0.01%
CLVT	F	0.01%
COLM	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%
BHF	B	0.01%
MAN	D	0.01%
MASI	A	0.01%
PENN	C	0.01%
WU	D	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%
EPR	D	0.01%
ZI	D	0.01%
PRGO	B	0.01%
HIW	D	0.01%
CIVI	D	0.01%
DXC	B	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%
NWL	B	0.01%
SMG	D	0.01%
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%
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%
HAS	D	0.0%
NCNO	B	0.0%
CERT	F	0.0%

VONV Underweight 396 Positions Relative to VFMO

Symbol	Grade	Weight
ANET	C	-1.27%
META	D	-1.15%
NFLX	A	-1.12%
LLY	F	-1.07%
KLAC	D	-0.94%
COST	B	-0.89%
CMG	B	-0.82%
NVDA	C	-0.71%
ISRG	A	-0.7%
AVGO	D	-0.68%
PLTR	B	-0.66%
APP	B	-0.66%
SFM	A	-0.57%
SPOT	B	-0.52%
VRT	B	-0.48%
WING	D	-0.47%
CVLT	B	-0.4%
NTRA	B	-0.4%
DVA	B	-0.38%
NU	C	-0.37%
GDDY	A	-0.37%
FIX	A	-0.35%
SKYW	B	-0.34%
DECK	A	-0.33%
STC	B	-0.31%
FBP	B	-0.31%
INSM	C	-0.3%
KBH	D	-0.3%
PCVX	D	-0.28%
AROC	B	-0.28%
VITL	D	-0.27%
ANF	C	-0.27%
MPWR	F	-0.26%
ADMA	B	-0.26%
IESC	B	-0.26%
POWL	C	-0.26%
GKOS	B	-0.26%
CRS	A	-0.24%
XPO	B	-0.23%
SMMT	D	-0.23%
DHT	F	-0.22%
JXN	C	-0.22%
EWTX	C	-0.22%
ASPN	F	-0.22%
LRN	A	-0.22%
CSWI	A	-0.21%
TRGP	B	-0.21%
OSCR	D	-0.21%
REVG	B	-0.2%
BKD	D	-0.2%
AZZ	B	-0.2%
INVA	D	-0.2%
LMB	A	-0.2%
CDE	D	-0.2%
AXON	A	-0.19%
VCTR	B	-0.19%
MUSA	A	-0.19%
HALO	F	-0.19%
NPAB	B	-0.19%
BPMC	C	-0.19%
GFF	A	-0.18%
SCCO	F	-0.18%
BLBD	D	-0.18%
VKTX	F	-0.18%
LNTH	D	-0.18%
COR	B	-0.18%
HIMS	B	-0.17%
TNK	F	-0.17%
MCY	A	-0.17%
RSI	B	-0.17%
ARES	A	-0.17%
PI	D	-0.17%
MOG.A	B	-0.17%
AVAV	D	-0.17%
SFL	D	-0.17%
COOP	B	-0.17%
EVER	F	-0.16%
CRDO	B	-0.16%
RNA	D	-0.16%
SKWD	A	-0.16%
BURL	A	-0.16%
WULF	C	-0.16%
MLKN	D	-0.16%
TPC	C	-0.16%
APLT	B	-0.16%
LBPH	A	-0.16%
ENSG	D	-0.15%
CRNX	C	-0.15%
STRL	B	-0.15%
OWL	A	-0.15%
UMBF	B	-0.15%
CASH	A	-0.15%
INSW	F	-0.15%
TREE	F	-0.15%
TNDM	F	-0.15%
AMRX	C	-0.15%
JANX	C	-0.15%
SGBX	F	-0.15%
ZETA	D	-0.14%
RVMD	C	-0.14%
COMP	B	-0.14%
ATGE	B	-0.14%
HL	D	-0.14%
ROAD	A	-0.14%
SMR	B	-0.13%
HWKN	B	-0.13%
LII	A	-0.13%
AIT	A	-0.13%
CDRE	D	-0.13%
DYN	F	-0.13%
MOD	A	-0.13%
PNTG	D	-0.13%
VERA	B	-0.13%
LUMN	C	-0.13%
NHC	C	-0.13%
IBP	D	-0.13%
CPNG	D	-0.13%
ANAB	F	-0.13%
YMAB	F	-0.13%
MEDP	D	-0.13%
IMNM	F	-0.12%
LNW	D	-0.12%
AMSC	B	-0.12%
RUN	F	-0.12%
ABUS	D	-0.12%
EOLS	D	-0.12%
PTGX	C	-0.12%
GRBK	D	-0.12%
PAHC	C	-0.12%
PRIM	A	-0.12%
COLL	F	-0.12%
PTVE	B	-0.12%
PHAT	F	-0.12%
CDNA	D	-0.12%
UTI	A	-0.12%
GPOR	B	-0.12%
BV	B	-0.12%
RYTM	C	-0.12%
BGC	C	-0.12%
NR	B	-0.11%
HCC	B	-0.11%
RXST	F	-0.11%
MATX	C	-0.11%
PRMW	C	-0.11%
AGX	B	-0.11%
TDS	B	-0.11%
BFH	B	-0.11%
HNI	B	-0.11%
LQDA	D	-0.11%
IBCP	B	-0.11%
HASI	D	-0.11%
TPB	B	-0.11%
CPF	A	-0.11%
TDW	F	-0.11%
PRK	B	-0.11%
NNBR	C	-0.11%
CNK	B	-0.11%
SCS	C	-0.11%
NUVL	D	-0.11%
ANNX	F	-0.11%
LTH	C	-0.1%
BAH	F	-0.1%
GBCI	B	-0.1%
ITGR	B	-0.1%
HCI	C	-0.1%
LPG	F	-0.1%
KRYS	B	-0.1%
MLI	C	-0.1%
ACLX	C	-0.1%
SPRY	D	-0.1%
SOUN	C	-0.1%
HROW	D	-0.1%
PHIN	A	-0.1%
PRDO	B	-0.1%
MAX	F	-0.1%
NRIX	D	-0.1%
ZIMV	D	-0.1%
OCUL	D	-0.1%
TMDX	F	-0.1%
SEM	B	-0.1%
SLVM	B	-0.1%
ALHC	C	-0.1%
CADL	F	-0.1%
VERX	B	-0.1%
NVAX	F	-0.1%
PRCT	B	-0.1%
TNC	D	-0.1%
RVLV	B	-0.1%
ACIC	B	-0.1%
AMAL	B	-0.1%
BKU	A	-0.1%
TILE	B	-0.1%
AQST	D	-0.1%
CBZ	B	-0.09%
TWST	D	-0.09%
FG	B	-0.09%
OII	B	-0.09%
SAVA	D	-0.09%
PLSE	C	-0.09%
HUMA	F	-0.09%
GOGL	F	-0.09%
SPNT	A	-0.09%
CRAI	B	-0.09%
DOLE	D	-0.09%
HY	D	-0.09%
NPO	A	-0.09%
GNK	D	-0.09%
SHAK	C	-0.09%
BELFB	C	-0.09%
CNO	A	-0.09%
STBA	B	-0.09%
UVE	B	-0.09%
GRND	A	-0.09%
CALM	A	-0.09%
BLX	C	-0.08%
CENX	B	-0.08%
HEI	B	-0.08%
PFBC	B	-0.08%
OFG	B	-0.08%
MNMD	C	-0.08%
KTB	B	-0.08%
CGEM	F	-0.08%
RYAN	B	-0.08%
GERN	D	-0.08%
EGY	D	-0.08%
CECO	A	-0.08%
STNG	F	-0.08%
NBTB	B	-0.08%
NKTX	F	-0.08%
QNST	B	-0.08%
CMPR	D	-0.08%
GEO	B	-0.08%
RDNT	B	-0.08%
CXW	B	-0.08%
PRM	C	-0.08%
TK	D	-0.08%
AORT	B	-0.08%
MTX	B	-0.08%
IBOC	A	-0.08%
OCGN	F	-0.08%
ALKT	B	-0.08%
PATK	D	-0.08%
UFPT	B	-0.07%
AGIO	C	-0.07%
INOD	B	-0.07%
SXI	B	-0.07%
AGYS	A	-0.07%
RDN	C	-0.07%
AOSL	C	-0.07%
USAP	B	-0.07%
LAUR	A	-0.07%
CHCO	B	-0.07%
ICFI	F	-0.07%
KURA	F	-0.07%
GCI	D	-0.07%
KALV	D	-0.07%
STOK	F	-0.07%
DORM	B	-0.07%
VRNS	D	-0.06%
KLG	C	-0.06%
ANET	C	-0.06%
SWTX	C	-0.06%
NMRK	B	-0.06%
HRTX	F	-0.06%
SIGA	F	-0.06%
CSTL	D	-0.06%
LRMR	F	-0.06%
NVRI	F	-0.06%
NUVB	C	-0.06%
VSEC	C	-0.06%
SFBS	B	-0.06%
REX	D	-0.06%
OSW	A	-0.06%
ACVA	B	-0.06%
TGTX	B	-0.06%
ADUS	D	-0.06%
DAKT	B	-0.06%
VNDA	C	-0.05%
TSHA	C	-0.05%
ARLO	C	-0.05%
FBK	B	-0.05%
IDYA	F	-0.05%
CRVL	A	-0.05%
ACT	D	-0.05%
WDFC	B	-0.05%
FSS	B	-0.05%
PBI	B	-0.05%
CRMD	C	-0.05%
IT	C	-0.05%
AGM	C	-0.05%
NBHC	B	-0.05%
SRCE	B	-0.05%
STEP	B	-0.05%
HRTG	C	-0.05%
GMS	B	-0.05%
BAND	B	-0.05%
DXPE	B	-0.04%
SPOK	C	-0.04%
TERN	F	-0.04%
HNST	B	-0.04%
FN	D	-0.04%
NSSC	D	-0.04%
CYH	F	-0.04%
IDT	B	-0.04%
AX	A	-0.04%
CNX	A	-0.04%
TFIN	A	-0.04%
ELEV	D	-0.04%
VCEL	B	-0.04%
OUST	C	-0.04%
CENT	C	-0.04%
OSIS	B	-0.04%
EU	D	-0.04%
TPL	A	-0.04%
TRMK	B	-0.04%
UVSP	B	-0.04%
APPF	B	-0.04%
CAL	D	-0.04%
KTOS	B	-0.04%
FULT	A	-0.04%
SHOO	D	-0.04%
GABC	B	-0.04%
RYAM	C	-0.04%
CLSK	C	-0.04%
ARQT	C	-0.04%
MBWM	B	-0.03%
DJCO	B	-0.03%
ITOS	F	-0.03%
MBIN	D	-0.03%
TRN	C	-0.03%
GPI	A	-0.03%
UBER	D	-0.03%
QTWO	A	-0.03%
WVE	C	-0.03%
EPAC	B	-0.03%
ELVN	D	-0.03%
SB	F	-0.03%
MIR	A	-0.03%
SAFT	C	-0.03%
SCVL	F	-0.03%
BLND	B	-0.03%
WWW	B	-0.03%
PFSI	D	-0.03%
REAX	D	-0.03%
NMIH	D	-0.03%
TOWN	B	-0.03%
HOV	D	-0.03%
EAT	A	-0.03%
ACIW	B	-0.03%
PRG	C	-0.03%
CTS	C	-0.03%
CMRE	C	-0.03%
INO	F	-0.03%
TGI	B	-0.03%
LMAT	A	-0.03%
IMMR	C	-0.03%
DFIN	D	-0.03%
PACK	B	-0.03%
FCF	A	-0.03%
SRRK	B	-0.02%
ABSI	F	-0.02%
BDTX	F	-0.02%
DCO	C	-0.02%
MDGL	B	-0.02%
INGN	C	-0.02%
DAWN	F	-0.02%
SVRA	D	-0.02%
ASC	F	-0.02%
HEAR	C	-0.02%
BRCC	F	-0.02%
BHE	B	-0.02%
LXRX	F	-0.02%
LBRT	D	-0.02%
LFMD	D	-0.02%
THR	B	-0.02%
ATEX	D	-0.02%
GBX	A	-0.02%
SPNS	F	-0.02%
HLX	B	-0.02%
ITRI	B	-0.02%
AIOT	B	-0.02%
METC	C	-0.02%
FOR	F	-0.02%
FNKO	D	-0.02%
MRSN	D	-0.02%
PLMR	B	-0.02%
ANIP	F	-0.02%
QCRH	A	-0.02%
CELC	F	-0.02%
GOLF	B	-0.02%
SCSC	B	-0.02%
USLM	A	-0.02%
AAON	B	-0.02%
PAR	B	-0.02%
EFSC	B	-0.02%
APEI	B	-0.0%