VONV vs. VFVA ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard Wellington Fund ETF (VFVA)

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

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values 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 relatively lower share prices relative to fundamental values as determined by the advisor. 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

$128.27

Average Daily Volume

12,937

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VFVA
30 Days	3.51%	6.78%
60 Days	4.96%	7.36%
90 Days	7.00%	7.38%
12 Months	29.73%	28.66%

269 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VFVA	Overlap
	ACGL	D	0.14%	0.2%	0.14%
	ADM	D	0.11%	0.23%	0.11%
	AFL	B	0.23%	0.09%	0.09%
	AGCO	D	0.02%	0.18%	0.02%
	AIG	B	0.2%	0.51%	0.2%
	AL	B	0.02%	0.41%	0.02%
	ALK	C	0.02%	0.23%	0.02%
	ALL	A	0.17%	0.17%	0.17%
	ALLY	C	0.03%	0.25%	0.03%
	ALSN	B	0.04%	0.16%	0.04%
	AMG	B	0.02%	0.21%	0.02%
	AMKR	D	0.01%	0.07%	0.01%
	APA	D	0.03%	0.22%	0.03%
	APO	B	0.08%	0.05%	0.05%
	APTV	D	0.06%	0.14%	0.06%
	AR	B	0.03%	0.13%	0.03%
	ARW	D	0.03%	0.43%	0.03%
	AVT	C	0.02%	0.25%	0.02%
	AXS	A	0.02%	0.26%	0.02%
	AZO	C	0.02%	0.26%	0.02%
	BAC	A	1.14%	0.76%	0.76%
	BBWI	D	0.03%	0.18%	0.03%
	BC	C	0.02%	0.18%	0.02%
	BDX	F	0.27%	0.29%	0.27%
	BEN	C	0.02%	0.05%	0.02%
	BERY	B	0.03%	0.38%	0.03%
	BG	F	0.05%	0.27%	0.05%
	BHF	B	0.01%	0.22%	0.01%
	BK	A	0.22%	0.5%	0.22%
	BLDR	D	0.07%	0.08%	0.07%
	BMY	B	0.45%	0.46%	0.45%
	BOKF	B	0.01%	0.08%	0.01%
	BPOP	B	0.02%	0.06%	0.02%
	BWA	D	0.03%	0.25%	0.03%
	BYD	C	0.02%	0.18%	0.02%
	C	A	0.49%	0.72%	0.49%
	CAG	D	0.06%	0.16%	0.06%
	CAH	B	0.04%	0.26%	0.04%
	CB	C	0.46%	0.48%	0.46%
	CC	C	0.01%	0.02%	0.01%
	CCL	B	0.09%	0.23%	0.09%
	CE	F	0.04%	0.3%	0.04%
	CF	B	0.06%	0.18%	0.06%
	CFG	B	0.08%	0.13%	0.08%
	CG	A	0.04%	0.03%	0.03%
	CHRD	D	0.03%	0.18%	0.03%
	CI	F	0.32%	0.66%	0.32%
	CIVI	D	0.01%	0.33%	0.01%
	CLF	F	0.02%	0.21%	0.02%
	CMA	A	0.03%	0.15%	0.03%
	CMCSA	B	0.67%	0.68%	0.67%
	CNA	B	0.0%	0.07%	0.0%
	CNC	D	0.13%	0.22%	0.13%
	CNH	C	0.04%	0.16%	0.04%
	CNXC	F	0.01%	0.06%	0.01%
	COF	B	0.25%	0.66%	0.25%
	COHR	B	0.05%	0.07%	0.05%
	COLB	A	0.02%	0.34%	0.02%
	COP	C	0.51%	0.65%	0.51%
	CRBG	B	0.03%	0.02%	0.02%
	CROX	D	0.02%	0.06%	0.02%
	CSCO	B	0.89%	0.14%	0.14%
	CTRA	B	0.07%	0.19%	0.07%
	CVS	D	0.29%	0.74%	0.29%
	CVX	A	1.03%	0.7%	0.7%
	DAL	C	0.15%	0.2%	0.15%
	DAR	C	0.02%	0.17%	0.02%
	DBX	B	0.02%	0.2%	0.02%
	DE	A	0.41%	0.15%	0.15%
	DG	F	0.07%	0.02%	0.02%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.2%	0.31%	0.2%
	DINO	D	0.02%	0.16%	0.02%
	DIS	B	0.71%	0.4%	0.4%
	DLTR	F	0.05%	0.1%	0.05%
	DNB	B	0.01%	0.09%	0.01%
	DOW	F	0.14%	0.18%	0.14%
	DTM	B	0.04%	0.17%	0.04%
	DVN	F	0.1%	0.08%	0.08%
	DXC	B	0.01%	0.23%	0.01%
	EBAY	D	0.12%	0.05%	0.05%
	EG	C	0.05%	0.17%	0.05%
	ELAN	D	0.02%	0.14%	0.02%
	ELV	F	0.32%	0.07%	0.07%
	EMN	D	0.05%	0.09%	0.05%
	EMR	A	0.25%	0.14%	0.14%
	EOG	A	0.28%	0.75%	0.28%
	EQT	B	0.08%	0.17%	0.08%
	ESI	A	0.02%	0.03%	0.02%
	EWBC	A	0.05%	0.08%	0.05%
	F	C	0.16%	0.68%	0.16%
	FAF	A	0.03%	0.08%	0.03%
	FANG	D	0.13%	0.3%	0.13%
	FCNCA	A	0.09%	0.12%	0.09%
	FCX	D	0.26%	0.43%	0.26%
	FDX	B	0.25%	0.89%	0.25%
	FHN	A	0.04%	0.1%	0.04%
	FI	A	0.31%	0.53%	0.31%
	FIS	C	0.2%	0.22%	0.2%
	FIVE	F	0.0%	0.11%	0.0%
	FMC	D	0.03%	0.05%	0.03%
	FNB	A	0.02%	0.19%	0.02%
	FNF	B	0.06%	0.14%	0.06%
	FOX	A	0.02%	0.33%	0.02%
	FSLR	F	0.08%	0.02%	0.02%
	GAP	C	0.02%	0.1%	0.02%
	GD	F	0.32%	0.26%	0.26%
	GILD	C	0.44%	0.44%	0.44%
	GL	B	0.04%	0.08%	0.04%
	GM	B	0.23%	0.87%	0.23%
	GO	C	0.01%	0.02%	0.01%
	GPK	C	0.03%	0.06%	0.03%
	GPN	B	0.11%	0.1%	0.1%
	GS	A	0.48%	0.44%	0.44%
	GTES	A	0.02%	0.3%	0.02%
	HAL	C	0.1%	0.07%	0.07%
	HCA	F	0.2%	0.76%	0.2%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.03%	0.11%	0.03%
	HOG	D	0.02%	0.18%	0.02%
	HPE	B	0.1%	0.32%	0.1%
	HPQ	B	0.11%	0.42%	0.11%
	HRB	D	0.03%	0.13%	0.03%
	IBM	C	0.76%	0.18%	0.18%
	INGR	B	0.03%	0.17%	0.03%
	INTC	D	0.37%	0.66%	0.37%
	IP	B	0.08%	0.02%	0.02%
	IVZ	B	0.03%	0.19%	0.03%
	JAZZ	B	0.03%	0.17%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JEF	A	0.03%	0.17%	0.03%
	JHG	A	0.02%	0.07%	0.02%
	JLL	D	0.04%	0.12%	0.04%
	JNJ	D	1.54%	0.18%	0.18%
	JPM	A	2.55%	0.54%	0.54%
	KEY	B	0.06%	0.19%	0.06%
	KHC	F	0.12%	0.1%	0.1%
	KMI	A	0.19%	0.11%	0.11%
	KNX	B	0.03%	0.19%	0.03%
	KR	B	0.15%	0.22%	0.15%
	LBRDA	C	0.0%	0.06%	0.0%
	LEA	D	0.02%	0.17%	0.02%
	LEG	F	0.01%	0.22%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.19%	0.16%
	LEN	D	0.01%	0.19%	0.01%
	LKQ	D	0.04%	0.16%	0.04%
	LNC	B	0.02%	0.32%	0.02%
	LYB	F	0.09%	0.3%	0.09%
	M	D	0.02%	0.22%	0.02%
	MAN	D	0.01%	0.12%	0.01%
	MAT	D	0.03%	0.09%	0.03%
	MCK	B	0.15%	0.35%	0.15%
	MDT	D	0.46%	0.42%	0.42%
	MDU	D	0.02%	0.18%	0.02%
	MET	A	0.18%	0.52%	0.18%
	MHK	D	0.03%	0.28%	0.03%
	MKL	A	0.06%	0.04%	0.04%
	MMM	D	0.23%	0.07%	0.07%
	MO	A	0.37%	1.0%	0.37%
	MOS	F	0.03%	0.23%	0.03%
	MPC	D	0.21%	0.56%	0.21%
	MS	A	0.51%	0.32%	0.32%
	MTB	A	0.13%	0.18%	0.13%
	MTCH	D	0.04%	0.11%	0.04%
	MTDR	B	0.02%	0.18%	0.02%
	MTG	C	0.03%	0.28%	0.03%
	MU	D	0.44%	0.59%	0.44%
	NEM	D	0.21%	0.4%	0.21%
	NOV	C	0.02%	0.19%	0.02%
	NUE	C	0.14%	0.38%	0.14%
	NVST	B	0.01%	0.09%	0.01%
	NWL	B	0.01%	0.13%	0.01%
	NWSA	B	0.04%	0.14%	0.04%
	NXST	C	0.01%	0.05%	0.01%
	OC	A	0.06%	0.07%	0.06%
	OGN	D	0.02%	0.15%	0.02%
	OLN	D	0.02%	0.14%	0.02%
	OMF	A	0.02%	0.07%	0.02%
	ORI	A	0.03%	0.13%	0.03%
	OVV	B	0.04%	0.26%	0.04%
	OXY	D	0.13%	0.5%	0.13%
	OZK	B	0.02%	0.12%	0.02%
	PCAR	B	0.21%	0.42%	0.21%
	PENN	C	0.01%	0.06%	0.01%
	PFE	D	0.64%	0.36%	0.36%
	PFG	D	0.08%	0.06%	0.06%
	PHM	D	0.11%	0.11%	0.11%
	PII	D	0.01%	0.08%	0.01%
	PINC	B	0.01%	0.02%	0.01%
	PLTK	B	0.0%	0.14%	0.0%
	PM	B	0.83%	0.13%	0.13%
	PNC	B	0.3%	0.33%	0.3%
	PNFP	B	0.03%	0.11%	0.03%
	PPC	C	0.01%	0.04%	0.01%
	PR	B	0.03%	0.17%	0.03%
	PRGO	B	0.01%	0.24%	0.01%
	PRU	A	0.18%	0.28%	0.18%
	PSX	C	0.2%	0.71%	0.2%
	PVH	C	0.02%	0.21%	0.02%
	PYPL	B	0.32%	0.24%	0.24%
	QCOM	F	0.05%	0.07%	0.05%
	QRVO	F	0.03%	0.12%	0.03%
	R	B	0.02%	0.41%	0.02%
	RF	A	0.09%	0.1%	0.09%
	RGA	A	0.06%	0.04%	0.04%
	RJF	A	0.11%	0.08%	0.08%
	RNR	C	0.05%	0.2%	0.05%
	RPRX	D	0.04%	0.41%	0.04%
	RRC	B	0.03%	0.1%	0.03%
	RRX	B	0.04%	0.12%	0.04%
	RS	B	0.07%	0.02%	0.02%
	RTX	C	0.64%	0.14%	0.14%
	SAIC	F	0.03%	0.1%	0.03%
	SCHW	B	0.38%	0.1%	0.1%
	SEB	F	0.0%	0.16%	0.0%
	SF	B	0.04%	0.14%	0.04%
	SIRI	C	0.03%	0.2%	0.03%
	SJM	D	0.05%	0.15%	0.05%
	SLB	C	0.23%	0.69%	0.23%
	SLM	A	0.02%	0.03%	0.02%
	SNDR	B	0.01%	0.15%	0.01%
	SNV	B	0.03%	0.2%	0.03%
	SNX	C	0.03%	0.24%	0.03%
	SON	D	0.02%	0.21%	0.02%
	SSNC	B	0.06%	0.08%	0.06%
	ST	F	0.02%	0.15%	0.02%
	STLD	B	0.08%	0.13%	0.08%
	STT	A	0.11%	0.02%	0.02%
	SYF	B	0.09%	0.33%	0.09%
	T	A	0.65%	1.01%	0.65%
	TAP	C	0.04%	0.16%	0.04%
	TFC	A	0.23%	0.73%	0.23%
	TGT	F	0.28%	0.27%	0.27%
	THG	A	0.02%	0.04%	0.02%
	TKR	D	0.02%	0.09%	0.02%
	TMUS	B	0.43%	0.3%	0.3%
	TNL	A	0.01%	0.21%	0.01%
	TOL	B	0.06%	0.16%	0.06%
	TPR	B	0.04%	0.04%	0.04%
	TRV	B	0.22%	0.48%	0.22%
	TSN	B	0.07%	0.07%	0.07%
	TWLO	A	0.04%	0.05%	0.04%
	TXT	D	0.06%	0.09%	0.06%
	UA	C	0.01%	0.04%	0.01%
	UAL	A	0.1%	0.29%	0.1%
	UHAL	D	0.0%	0.22%	0.0%
	UHAL	D	0.02%	0.22%	0.02%
	UHS	D	0.05%	0.16%	0.05%
	UNM	A	0.05%	0.6%	0.05%
	USB	A	0.3%	0.71%	0.3%
	UTHR	C	0.07%	0.15%	0.07%
	VAC	B	0.01%	0.09%	0.01%
	VLO	C	0.17%	0.66%	0.17%
	VTRS	A	0.06%	0.25%	0.06%
	VZ	C	0.71%	0.8%	0.71%
	WAL	B	0.04%	0.18%	0.04%
	WBD	C	0.08%	0.05%	0.05%
	WBS	A	0.04%	0.22%	0.04%
	WCC	B	0.03%	0.2%	0.03%
	WFC	A	0.91%	0.59%	0.59%
	WHR	B	0.02%	0.21%	0.02%
	WMB	A	0.25%	0.35%	0.25%
	WYNN	D	0.04%	0.07%	0.04%
	XOM	B	2.1%	0.86%	0.86%
	XRAY	F	0.02%	0.06%	0.02%
	ZI	D	0.01%	0.2%	0.01%
	ZION	B	0.03%	0.16%	0.03%

VONV Overweight 575 Positions Relative to VFVA

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	UNH	C	1.94%
	WMT	A	1.42%
	PG	A	1.21%
	LIN	D	0.88%
	ACN	C	0.87%
	TMO	F	0.84%
	ABBV	D	0.82%
	MCD	D	0.79%
	ABT	B	0.78%
	TXN	C	0.65%
	NEE	D	0.65%
	CAT	B	0.63%
	DHR	F	0.63%
	LOW	D	0.6%
	SPGI	C	0.6%
	GE	D	0.59%
	BLK	C	0.58%
	ETN	A	0.53%
	BSX	B	0.49%
	HON	B	0.45%
	ADI	D	0.44%
	KO	D	0.43%
	PLD	D	0.42%
	SO	D	0.4%
	UPS	C	0.39%
	AXP	A	0.38%
	MDLZ	F	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%
	LMT	D	0.32%
	REGN	F	0.32%
	CME	A	0.32%
	PH	A	0.32%
	UNP	C	0.3%
	AON	A	0.29%
	APD	A	0.28%
	CEG	D	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	CSX	B	0.26%
	VRTX	F	0.25%
	MRVL	B	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	ROP	B	0.23%
	DLR	B	0.23%
	TT	A	0.22%
	O	D	0.21%
	AEP	D	0.21%
	TJX	A	0.21%
	SRE	A	0.21%
	CARR	D	0.2%
	D	C	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	PEP	F	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PSA	D	0.18%
	PEG	A	0.18%
	CMI	A	0.18%
	CRM	B	0.17%
	JCI	C	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	MSI	B	0.16%
	MCHP	D	0.16%
	EXC	C	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	RSG	A	0.16%
	SPG	B	0.16%
	URI	B	0.16%
	GLW	B	0.15%
	KDP	D	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	HWM	A	0.15%
	AMGN	D	0.15%
	GIS	D	0.15%
	BKR	B	0.15%
	A	D	0.15%
	IR	B	0.15%
	EXR	D	0.14%
	CL	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	GEHC	F	0.14%
	ED	D	0.14%
	ROST	C	0.14%
	NKE	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	RCL	A	0.13%
	EW	C	0.13%
	IQV	D	0.13%
	WAB	B	0.13%
	ETR	B	0.13%
	APH	A	0.13%
	VICI	C	0.13%
	PPG	F	0.12%
	XYL	D	0.12%
	CSGP	D	0.12%
	FITB	A	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%
	WTW	B	0.12%
	HUM	C	0.12%
	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%
	HLT	A	0.11%
	DELL	C	0.11%
	PAYX	C	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	CHD	B	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	RMD	C	0.1%
	NVR	D	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%
	STE	F	0.09%
	ZBH	C	0.09%
	HSY	F	0.09%
	PGR	A	0.09%
	HBAN	A	0.09%
	CBOE	B	0.09%
	WY	D	0.09%
	YUM	B	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	SQ	B	0.09%
	LH	C	0.08%
	INVH	D	0.08%
	ARE	D	0.08%
	BBY	D	0.08%
	OMC	C	0.08%
	MKC	D	0.08%
	ZM	B	0.08%
	NTRS	A	0.08%
	PKG	A	0.08%
	CMS	C	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	K	A	0.08%
	IEX	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	ESS	B	0.07%
	BAX	D	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	CNP	B	0.07%
	UDR	B	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	VRSN	F	0.06%
	SWKS	F	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	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%
	THC	D	0.06%
	JBHT	C	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	NI	A	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%
	AES	F	0.05%
	CLH	B	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	AMAT	F	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	NTAP	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	HES	B	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%
	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%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	FOXA	B	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%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	CCK	C	0.04%
	INCY	C	0.04%
	IPG	D	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%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	RGEN	D	0.03%
	ATI	D	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%
	G	B	0.03%
	STAG	F	0.03%
	WBA	F	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	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%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	GXO	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SEIC	B	0.03%
	WAT	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	SHW	A	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%
	APG	B	0.03%
	NNN	D	0.03%
	RL	B	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	BRX	A	0.03%
	ECL	D	0.03%
	VOYA	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%
	TTC	D	0.03%
	ADP	B	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%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	W	F	0.02%
	AWI	A	0.02%
	FLO	D	0.02%
	OLED	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%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	AMP	A	0.02%
	RYN	D	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	HXL	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%
	ORLY	B	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	THO	B	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	H	B	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	CRUS	D	0.02%
	S	B	0.02%
	LFUS	F	0.02%
	RLI	B	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	GWW	B	0.02%
	WH	B	0.02%
	VMI	B	0.02%
	FTRE	D	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%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	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%
	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%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	VIRT	B	0.01%
	AGR	B	0.01%
	ALGM	D	0.01%
	CXT	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%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	MASI	A	0.01%
	WU	D	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%
	SPR	D	0.01%
	U	C	0.01%
	NWS	B	0.01%
	EPR	D	0.01%
	HIW	D	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	HUN	F	0.01%
	CTAS	B	0.01%
	SMG	D	0.01%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	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%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 347 Positions Relative to VFVA

	Symbol	Grade	Weight
	ESNT	D	-0.45%
	GT	C	-0.34%
	MUR	D	-0.29%
	RDN	C	-0.28%
	PRDO	B	-0.28%
	OI	C	-0.27%
	STBA	B	-0.26%
	ATKR	C	-0.26%
	TTMI	B	-0.25%
	INSW	F	-0.24%
	HRI	B	-0.22%
	SM	B	-0.22%
	MLI	C	-0.22%
	WAFD	B	-0.21%
	ASO	F	-0.21%
	KBH	D	-0.21%
	PTEN	C	-0.21%
	MATX	C	-0.21%
	TPH	D	-0.21%
	TEX	D	-0.21%
	ONB	B	-0.21%
	AMR	C	-0.2%
	TGNA	B	-0.2%
	TROX	D	-0.2%
	GPOR	B	-0.2%
	FFBC	A	-0.2%
	ADNT	F	-0.19%
	KOS	F	-0.19%
	PUMP	B	-0.19%
	MHO	D	-0.19%
	CMC	B	-0.19%
	HCC	B	-0.19%
	PCRX	C	-0.19%
	BMBL	C	-0.19%
	LILAK	D	-0.19%
	HWC	B	-0.19%
	STNG	F	-0.19%
	PBF	D	-0.18%
	TNK	F	-0.18%
	HAIN	C	-0.18%
	CCS	D	-0.18%
	AEO	F	-0.18%
	AHCO	F	-0.18%
	ODP	F	-0.18%
	HELE	C	-0.18%
	CCSI	C	-0.18%
	BTU	B	-0.17%
	BFH	B	-0.17%
	ATSG	B	-0.17%
	EFSC	B	-0.17%
	MD	B	-0.17%
	DAN	D	-0.17%
	GIII	D	-0.17%
	GTN	F	-0.17%
	IMKTA	C	-0.17%
	RNG	B	-0.17%
	ZD	C	-0.17%
	SLVM	B	-0.16%
	PARR	D	-0.16%
	AXL	C	-0.16%
	WKC	D	-0.16%
	ASIX	A	-0.16%
	GNK	D	-0.16%
	COMM	D	-0.16%
	OCFC	B	-0.16%
	KOP	C	-0.16%
	OMI	F	-0.16%
	ABCB	B	-0.16%
	BXC	B	-0.16%
	CADE	B	-0.16%
	GBX	A	-0.16%
	SBH	C	-0.16%
	CRGY	B	-0.16%
	NMRK	B	-0.16%
	CRC	B	-0.15%
	DIN	C	-0.15%
	GLNG	C	-0.15%
	MBUU	C	-0.15%
	WWW	B	-0.15%
	JXN	C	-0.15%
	BKU	A	-0.15%
	NUS	D	-0.15%
	ABG	B	-0.15%
	MCB	B	-0.15%
	TWI	F	-0.15%
	SPTN	D	-0.15%
	CEIX	A	-0.14%
	IRWD	F	-0.14%
	TPC	C	-0.14%
	ECVT	C	-0.14%
	SNCY	C	-0.14%
	RMAX	C	-0.14%
	LZB	B	-0.14%
	REZI	A	-0.14%
	ASC	F	-0.14%
	BRY	F	-0.14%
	ALIT	C	-0.14%
	DLX	B	-0.14%
	TDOC	C	-0.13%
	COOP	B	-0.13%
	LPG	F	-0.13%
	BGS	F	-0.13%
	ASB	B	-0.13%
	NAVI	C	-0.13%
	BELFB	C	-0.13%
	JELD	F	-0.13%
	VBTX	B	-0.13%
	GOGL	F	-0.13%
	UNFI	A	-0.12%
	GDOT	D	-0.12%
	NAT	F	-0.12%
	ENS	D	-0.12%
	GNW	A	-0.12%
	TDS	B	-0.12%
	HLX	B	-0.12%
	ANDE	D	-0.12%
	DCOM	A	-0.12%
	FCF	A	-0.12%
	RPAY	D	-0.12%
	CMRE	C	-0.12%
	PLAB	C	-0.12%
	DOLE	D	-0.12%
	RYI	C	-0.12%
	DHT	F	-0.12%
	BANC	A	-0.12%
	APPS	F	-0.12%
	SXC	A	-0.12%
	STNE	F	-0.11%
	BUSE	B	-0.11%
	SKYW	B	-0.11%
	CLW	F	-0.11%
	EYE	C	-0.11%
	SASR	B	-0.11%
	PEBO	A	-0.11%
	FDP	B	-0.11%
	PPBI	B	-0.11%
	MATV	D	-0.11%
	MTUS	C	-0.11%
	UFPI	B	-0.11%
	IART	C	-0.11%
	SCSC	B	-0.11%
	OMCL	C	-0.11%
	ATGE	B	-0.11%
	JRVR	F	-0.11%
	HOPE	B	-0.1%
	BV	B	-0.1%
	TK	D	-0.1%
	CSTM	F	-0.1%
	FULT	A	-0.1%
	STC	B	-0.1%
	LULU	C	-0.1%
	SD	D	-0.1%
	RNST	B	-0.1%
	PHIN	A	-0.1%
	CUBI	C	-0.1%
	EGBN	B	-0.1%
	EGY	D	-0.1%
	CHGG	D	-0.1%
	FL	F	-0.09%
	NX	C	-0.09%
	SMP	B	-0.09%
	VLY	B	-0.09%
	GPRE	F	-0.09%
	BANR	B	-0.09%
	GCO	B	-0.09%
	PATK	D	-0.09%
	FOXF	F	-0.09%
	AUB	B	-0.09%
	SATS	D	-0.09%
	UVE	B	-0.09%
	VTOL	B	-0.09%
	CATY	B	-0.09%
	BZH	B	-0.09%
	DNOW	B	-0.09%
	HBI	B	-0.09%
	MODG	F	-0.09%
	SCHL	D	-0.09%
	HVT	D	-0.09%
	NTB	B	-0.09%
	WSBC	A	-0.08%
	HEES	B	-0.08%
	SSB	B	-0.08%
	BHLB	B	-0.08%
	SFL	D	-0.08%
	RYAM	C	-0.08%
	BOOM	F	-0.08%
	CWK	B	-0.08%
	PLAY	D	-0.08%
	NTCT	C	-0.08%
	ACCO	C	-0.08%
	ARCB	C	-0.08%
	EAT	A	-0.08%
	SRCE	B	-0.08%
	NBTB	B	-0.08%
	SB	F	-0.08%
	PBI	B	-0.07%
	VSH	D	-0.07%
	OEC	C	-0.07%
	UPBD	B	-0.07%
	KFY	B	-0.07%
	SNEX	B	-0.07%
	PAGS	F	-0.07%
	INDB	B	-0.07%
	MTW	C	-0.07%
	HLF	C	-0.07%
	CXW	B	-0.07%
	BCC	B	-0.07%
	TRST	A	-0.07%
	TRMK	B	-0.07%
	DXPE	B	-0.07%
	URBN	C	-0.07%
	AX	A	-0.07%
	CCRN	F	-0.07%
	HAFC	A	-0.07%
	FIBK	A	-0.07%
	NIC	B	-0.07%
	VREX	C	-0.07%
	EQH	B	-0.07%
	NOG	A	-0.07%
	ZEUS	C	-0.07%
	HI	C	-0.07%
	EBC	B	-0.07%
	REVG	B	-0.07%
	EMBC	C	-0.07%
	NMIH	D	-0.07%
	SANM	B	-0.07%
	MLKN	D	-0.07%
	BBW	B	-0.07%
	ALGT	B	-0.06%
	LXU	B	-0.06%
	GPI	A	-0.06%
	PFS	B	-0.06%
	GOOG	C	-0.06%
	FWRD	D	-0.06%
	UIS	B	-0.06%
	AMWD	C	-0.06%
	NNI	D	-0.06%
	DENN	D	-0.06%
	CAL	D	-0.06%
	OIS	C	-0.06%
	TCBK	B	-0.06%
	TMHC	B	-0.06%
	BUR	C	-0.06%
	SSP	F	-0.06%
	KELYA	F	-0.06%
	REPX	A	-0.06%
	VSCO	B	-0.06%
	RUSHA	C	-0.06%
	ENVA	B	-0.05%
	PRLB	A	-0.05%
	BW	D	-0.05%
	MTH	D	-0.05%
	GRBK	D	-0.05%
	GATX	A	-0.05%
	HFWA	B	-0.05%
	REX	D	-0.05%
	OFG	B	-0.05%
	LILA	D	-0.05%
	GEF	A	-0.05%
	FRME	B	-0.05%
	XRX	F	-0.05%
	RGP	F	-0.05%
	CNOB	B	-0.05%
	NWBI	B	-0.05%
	TTEC	F	-0.05%
	PFSI	D	-0.05%
	GHC	C	-0.05%
	LBRT	D	-0.05%
	MATW	C	-0.05%
	TOWN	B	-0.05%
	ASGN	F	-0.05%
	HZO	D	-0.04%
	MRC	B	-0.04%
	GLDD	B	-0.04%
	VRNT	C	-0.04%
	WTTR	B	-0.04%
	HNRG	B	-0.04%
	WNC	C	-0.04%
	AMPY	C	-0.04%
	XPOF	C	-0.04%
	HUBG	A	-0.04%
	NCLH	B	-0.04%
	ETWO	F	-0.04%
	FFWM	C	-0.04%
	DESP	B	-0.04%
	CNO	A	-0.04%
	MOV	C	-0.04%
	BLMN	F	-0.04%
	RDUS	C	-0.04%
	TALO	C	-0.04%
	BY	B	-0.04%
	CFFN	B	-0.04%
	KALU	C	-0.04%
	GEO	B	-0.04%
	ANET	C	-0.03%
	HOV	D	-0.03%
	IGT	F	-0.03%
	ACT	D	-0.03%
	NBHC	B	-0.03%
	SCVL	F	-0.03%
	HY	D	-0.03%
	MBIN	D	-0.03%
	CMCO	B	-0.03%
	LC	A	-0.03%
	CNDT	C	-0.03%
	SWI	B	-0.03%
	JILL	C	-0.03%
	FF	D	-0.03%
	QCRH	A	-0.03%
	HRTG	C	-0.03%
	AMBC	C	-0.03%
	AMAL	B	-0.03%
	INMD	C	-0.03%
	WERN	C	-0.03%
	SHLS	F	-0.03%
	USAP	B	-0.03%
	OLPX	D	-0.03%
	PTVE	B	-0.03%
	ZIMV	D	-0.03%
	WMK	C	-0.03%
	FOR	F	-0.03%
	DRVN	B	-0.03%
	IIIN	C	-0.03%
	TBRG	B	-0.02%
	NR	B	-0.02%
	CMPR	D	-0.02%
	NFBK	B	-0.02%
	HGV	B	-0.02%
	KODK	B	-0.02%
	TITN	C	-0.02%
	HDSN	F	-0.02%
	UCB	A	-0.02%
	ALKS	B	-0.02%
	BAND	B	-0.02%
	BHE	B	-0.02%
	TTI	C	-0.02%
	EIG	B	-0.02%
	VYX	B	-0.02%
	AMRX	C	-0.02%
	PFBC	B	-0.02%
	HOMB	A	-0.02%
	BRKL	B	-0.02%
	EPC	D	-0.02%
	WRLD	C	-0.02%
	MEI	D	-0.02%
	PRA	C	-0.02%
	OBK	B	-0.02%

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

VFVA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Insurance - Property & Casualty Shipping & Ports Asset Management Credit Services Residential Construction Oil & Gas Equipment & Services Auto Parts Software - Application Specialty Retail Chemicals Insurance - Life Apparel Stores Business Services Information Technology Services Specialty Chemicals Steel Diversified Industrials Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Bank Banking Insurance Deposit Products Natural Gas Commercial Banking Real Estate Loans Chemical Commercial Bank Insurance Products Mining Transport Investment Management Loan Petroleum Industry Life Insurance Computing Nasdaq 100 Retail Store