VONV vs. VSLU ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Applied Finance Valuation Large Cap ETF (VSLU)

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

VSLU

Applied Finance Valuation Large Cap ETF

VSLU Description

ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Applied Finance Advisors, LLC and Toroso Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$36.82

Average Daily Volume

18,373

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VSLU
30 Days	3.51%	1.40%
60 Days	4.96%	2.99%
90 Days	7.00%	4.46%
12 Months	29.73%	30.31%

269 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VSLU	Overlap
	A	D	0.15%	0.1%	0.1%
	ABBV	D	0.82%	1.62%	0.82%
	ABT	B	0.78%	0.35%	0.35%
	ACGL	D	0.14%	0.07%	0.07%
	ACN	C	0.87%	0.88%	0.87%
	ADI	D	0.44%	0.17%	0.17%
	ADM	D	0.11%	0.08%	0.08%
	ADP	B	0.03%	0.3%	0.03%
	AFL	B	0.23%	0.07%	0.07%
	AIZ	A	0.04%	0.0%	0.0%
	ALGN	D	0.03%	0.01%	0.01%
	ALLE	D	0.05%	0.05%	0.05%
	AMAT	F	0.05%	0.67%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AON	A	0.29%	0.79%	0.29%
	AOS	F	0.04%	0.01%	0.01%
	APA	D	0.03%	0.04%	0.03%
	APH	A	0.13%	0.13%	0.13%
	APTV	D	0.06%	0.03%	0.03%
	ATO	A	0.08%	0.01%	0.01%
	AVB	B	0.13%	0.0%	0.0%
	AVY	D	0.04%	0.02%	0.02%
	AXP	A	0.38%	0.56%	0.38%
	AZO	C	0.02%	0.49%	0.02%
	BALL	D	0.07%	0.03%	0.03%
	BBWI	D	0.03%	0.02%	0.02%
	BBY	D	0.08%	0.05%	0.05%
	BG	F	0.05%	0.05%	0.05%
	BK	A	0.22%	0.0%	0.0%
	BKNG	A	0.04%	0.78%	0.04%
	BLDR	D	0.07%	0.14%	0.07%
	BMY	B	0.45%	0.78%	0.45%
	BR	A	0.01%	0.03%	0.01%
	BWA	D	0.03%	0.03%	0.03%
	CAG	D	0.06%	0.0%	0.0%
	CAH	B	0.04%	0.13%	0.04%
	CAT	B	0.63%	0.42%	0.42%
	CB	C	0.46%	0.11%	0.11%
	CBOE	B	0.09%	0.08%	0.08%
	CCI	D	0.19%	0.08%	0.08%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.18%	0.05%
	CE	F	0.04%	0.01%	0.01%
	CF	B	0.06%	0.05%	0.05%
	CHD	B	0.1%	0.05%	0.05%
	CHRW	C	0.05%	0.02%	0.02%
	CHTR	C	0.12%	0.23%	0.12%
	CI	F	0.32%	0.1%	0.1%
	CMCSA	B	0.67%	0.23%	0.23%
	CME	A	0.32%	0.04%	0.04%
	CMI	A	0.18%	0.14%	0.14%
	CNC	D	0.13%	0.03%	0.03%
	COP	C	0.51%	0.32%	0.32%
	CPT	B	0.05%	0.02%	0.02%
	CRM	B	0.17%	0.32%	0.17%
	CSX	B	0.26%	0.24%	0.24%
	CTAS	B	0.01%	0.12%	0.01%
	CTRA	B	0.07%	0.05%	0.05%
	CTSH	B	0.15%	0.08%	0.08%
	CTVA	C	0.17%	0.02%	0.02%
	CVX	A	1.03%	0.64%	0.64%
	CZR	F	0.03%	0.02%	0.02%
	DAL	C	0.15%	0.11%	0.11%
	DELL	C	0.11%	0.38%	0.11%
	DFS	B	0.15%	0.11%	0.11%
	DG	F	0.07%	0.07%	0.07%
	DHI	D	0.2%	0.18%	0.18%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	D	0.06%	0.04%	0.04%
	DOV	A	0.1%	0.07%	0.07%
	DOW	F	0.14%	0.01%	0.01%
	DPZ	C	0.04%	0.16%	0.04%
	DRI	B	0.04%	0.05%	0.04%
	DVN	F	0.1%	0.09%	0.09%
	EA	A	0.16%	0.06%	0.06%
	EBAY	D	0.12%	0.07%	0.07%
	ED	D	0.14%	0.03%	0.03%
	EFX	F	0.1%	0.06%	0.06%
	ELV	F	0.32%	0.11%	0.11%
	EMN	D	0.05%	0.0%	0.0%
	EOG	A	0.28%	0.19%	0.19%
	EPAM	C	0.04%	0.0%	0.0%
	EQR	B	0.11%	0.02%	0.02%
	ESS	B	0.07%	0.0%	0.0%
	EW	C	0.13%	0.15%	0.13%
	EXPD	D	0.06%	0.02%	0.02%
	FANG	D	0.13%	0.09%	0.09%
	FAST	B	0.03%	0.04%	0.03%
	FCX	D	0.26%	0.12%	0.12%
	FDS	B	0.04%	0.06%	0.04%
	FDX	B	0.25%	0.07%	0.07%
	FFIV	B	0.05%	0.0%	0.0%
	FI	A	0.31%	0.97%	0.31%
	FICO	B	0.03%	0.21%	0.03%
	FIS	C	0.2%	0.25%	0.2%
	FITB	A	0.12%	0.02%	0.02%
	FOXA	B	0.04%	0.08%	0.04%
	FRT	B	0.04%	0.01%	0.01%
	FTNT	C	0.04%	0.16%	0.04%
	GD	F	0.32%	0.12%	0.12%
	GEHC	F	0.14%	0.07%	0.07%
	GEN	B	0.06%	0.05%	0.05%
	GILD	C	0.44%	0.81%	0.44%
	GIS	D	0.15%	0.07%	0.07%
	GL	B	0.04%	0.03%	0.03%
	GLW	B	0.15%	0.06%	0.06%
	GM	B	0.23%	0.19%	0.19%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.06%	0.06%	0.06%
	GRMN	B	0.12%	0.07%	0.07%
	GWW	B	0.02%	0.12%	0.02%
	HAL	C	0.1%	0.08%	0.08%
	HCA	F	0.2%	0.3%	0.2%
	HD	A	0.32%	1.06%	0.32%
	HIG	B	0.13%	0.05%	0.05%
	HII	D	0.03%	0.0%	0.0%
	HLT	A	0.11%	0.54%	0.11%
	HOLX	D	0.07%	0.03%	0.03%
	HON	B	0.45%	0.27%	0.27%
	HPE	B	0.1%	0.09%	0.09%
	HPQ	B	0.11%	0.27%	0.11%
	HRL	D	0.04%	0.01%	0.01%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.13%	0.09%
	HUM	C	0.12%	0.08%	0.08%
	IBM	C	0.76%	0.22%	0.22%
	IEX	B	0.07%	0.02%	0.02%
	INCY	C	0.04%	0.08%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.04%	0.04%
	IQV	D	0.13%	0.29%	0.13%
	IR	B	0.15%	0.09%	0.09%
	ITW	B	0.19%	0.16%	0.16%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.02%	0.02%
	JCI	C	0.17%	0.07%	0.07%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	1.54%	1.7%	1.54%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.55%	0.75%	0.75%
	KDP	D	0.15%	0.07%	0.07%
	KEYS	A	0.1%	0.06%	0.06%
	KHC	F	0.12%	0.05%	0.05%
	KIM	A	0.06%	0.0%	0.0%
	KMI	A	0.19%	0.03%	0.03%
	KO	D	0.43%	0.5%	0.43%
	KR	B	0.15%	0.1%	0.1%
	KVUE	A	0.18%	0.11%	0.11%
	LDOS	C	0.1%	0.09%	0.09%
	LEN	D	0.16%	0.06%	0.06%
	LEN	D	0.01%	0.06%	0.01%
	LH	C	0.08%	0.03%	0.03%
	LMT	D	0.32%	0.29%	0.29%
	LOW	D	0.6%	0.89%	0.6%
	LUV	C	0.07%	0.01%	0.01%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.09%	0.06%	0.06%
	MAA	B	0.07%	0.02%	0.02%
	MAR	B	0.24%	0.48%	0.24%
	MAS	D	0.07%	0.09%	0.07%
	MCD	D	0.79%	0.46%	0.46%
	MCHP	D	0.16%	0.12%	0.12%
	MCK	B	0.15%	0.67%	0.15%
	MDLZ	F	0.37%	0.16%	0.16%
	MDT	D	0.46%	0.17%	0.17%
	MET	A	0.18%	0.08%	0.08%
	MGM	D	0.03%	0.01%	0.01%
	MHK	D	0.03%	0.0%	0.0%
	MKC	D	0.08%	0.02%	0.02%
	MLM	B	0.14%	0.05%	0.05%
	MMC	B	0.37%	0.2%	0.2%
	MMM	D	0.23%	0.17%	0.17%
	MNST	C	0.03%	0.15%	0.03%
	MO	A	0.37%	0.23%	0.23%
	MOH	F	0.03%	0.08%	0.03%
	MOS	F	0.03%	0.04%	0.03%
	MPC	D	0.21%	0.33%	0.21%
	MRO	B	0.06%	0.05%	0.05%
	MSI	B	0.16%	0.15%	0.15%
	MTCH	D	0.04%	0.06%	0.04%
	MTD	D	0.11%	0.21%	0.11%
	NKE	D	0.14%	0.23%	0.14%
	NOC	D	0.28%	0.13%	0.13%
	NRG	B	0.04%	0.05%	0.04%
	NTAP	C	0.05%	0.05%	0.05%
	NUE	C	0.14%	0.14%	0.14%
	NVR	D	0.1%	0.2%	0.1%
	OMC	C	0.08%	0.13%	0.08%
	ON	D	0.12%	0.1%	0.1%
	ORLY	B	0.02%	0.61%	0.02%
	OTIS	C	0.16%	0.27%	0.16%
	PAYC	B	0.02%	0.01%	0.01%
	PAYX	C	0.11%	0.07%	0.07%
	PEG	A	0.18%	0.03%	0.03%
	PEP	F	0.19%	0.42%	0.19%
	PFG	D	0.08%	0.02%	0.02%
	PG	A	1.21%	0.85%	0.85%
	PH	A	0.32%	0.19%	0.19%
	PHM	D	0.11%	0.14%	0.11%
	PKG	A	0.08%	0.02%	0.02%
	PM	B	0.83%	0.58%	0.58%
	PNR	A	0.07%	0.06%	0.06%
	PPG	F	0.12%	0.06%	0.06%
	PSA	D	0.18%	0.08%	0.08%
	PSX	C	0.2%	0.2%	0.2%
	PYPL	B	0.32%	0.2%	0.2%
	QCOM	F	0.05%	0.38%	0.05%
	QRVO	F	0.03%	0.0%	0.0%
	RCL	A	0.13%	0.13%	0.13%
	REGN	F	0.32%	0.2%	0.2%
	RF	A	0.09%	0.03%	0.03%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.09%	0.09%
	ROK	B	0.11%	0.04%	0.04%
	ROP	B	0.23%	0.19%	0.19%
	ROST	C	0.14%	0.07%	0.07%
	RTX	C	0.64%	0.14%	0.14%
	RVTY	F	0.06%	0.01%	0.01%
	SHW	A	0.03%	0.34%	0.03%
	SLB	C	0.23%	0.08%	0.08%
	SNA	A	0.07%	0.05%	0.05%
	SOLV	C	0.04%	0.05%	0.04%
	SPG	B	0.16%	0.19%	0.16%
	SPGI	C	0.6%	0.29%	0.29%
	STLD	B	0.08%	0.09%	0.08%
	STZ	D	0.15%	0.18%	0.15%
	SWKS	F	0.06%	0.03%	0.03%
	SYK	C	0.36%	0.33%	0.33%
	SYY	B	0.06%	0.1%	0.06%
	T	A	0.65%	0.21%	0.21%
	TDG	D	0.23%	0.15%	0.15%
	TDY	B	0.08%	0.02%	0.02%
	TECH	D	0.05%	0.01%	0.01%
	TGT	F	0.28%	0.16%	0.16%
	TMO	F	0.84%	0.57%	0.57%
	TMUS	B	0.43%	0.5%	0.43%
	TROW	B	0.1%	0.03%	0.03%
	TRV	B	0.22%	0.03%	0.03%
	TT	A	0.22%	0.13%	0.13%
	TTWO	A	0.11%	0.01%	0.01%
	TXN	C	0.65%	0.49%	0.49%
	TXT	D	0.06%	0.01%	0.01%
	UAL	A	0.1%	0.09%	0.09%
	UDR	B	0.06%	0.02%	0.02%
	ULTA	F	0.01%	0.08%	0.01%
	UNH	C	1.94%	0.88%	0.88%
	UNP	C	0.3%	0.38%	0.3%
	UPS	C	0.39%	0.11%	0.11%
	URI	B	0.16%	0.17%	0.16%
	USB	A	0.3%	0.03%	0.03%
	VLO	C	0.17%	0.24%	0.17%
	VLTO	D	0.06%	0.13%	0.06%
	VMC	B	0.11%	0.03%	0.03%
	VRSN	F	0.06%	0.14%	0.06%
	VRTX	F	0.25%	0.31%	0.25%
	VTR	C	0.11%	0.01%	0.01%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.71%	0.37%	0.37%
	WAB	B	0.13%	0.1%	0.1%
	WMT	A	1.42%	1.0%	1.0%
	WRB	A	0.07%	0.04%	0.04%
	WTW	B	0.12%	0.02%	0.02%
	WY	D	0.09%	0.01%	0.01%
	XOM	B	2.1%	0.9%	0.9%
	XYL	D	0.12%	0.02%	0.02%
	YUM	B	0.09%	0.23%	0.09%
	ZBH	C	0.09%	0.04%	0.04%
	ZTS	D	0.06%	0.21%	0.06%

VONV Overweight 573 Positions Relative to VSLU

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	BAC	A	1.14%
	WFC	A	0.91%
	CSCO	B	0.89%
	LIN	D	0.88%
	DIS	B	0.71%
	NEE	D	0.65%
	PFE	D	0.64%
	DHR	F	0.63%
	GE	D	0.59%
	BLK	C	0.58%
	ETN	A	0.53%
	MS	A	0.51%
	C	A	0.49%
	BSX	B	0.49%
	GS	A	0.48%
	MU	D	0.44%
	PLD	D	0.42%
	DE	A	0.41%
	SO	D	0.4%
	SCHW	B	0.38%
	INTC	D	0.37%
	DUK	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%
	PNC	B	0.3%
	CVS	D	0.29%
	APD	A	0.28%
	CEG	D	0.28%
	KKR	A	0.27%
	BDX	F	0.27%
	COF	B	0.25%
	EMR	A	0.25%
	MRVL	B	0.25%
	WMB	A	0.25%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TFC	A	0.23%
	DLR	B	0.23%
	O	D	0.21%
	AEP	D	0.21%
	TJX	A	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	AIG	B	0.2%
	CARR	D	0.2%
	D	C	0.2%
	LHX	C	0.19%
	PRU	A	0.18%
	ALL	A	0.17%
	AME	A	0.17%
	PCG	A	0.17%
	EXC	C	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	RSG	A	0.16%
	XEL	A	0.15%
	HWM	A	0.15%
	AMGN	D	0.15%
	BKR	B	0.15%
	EXR	D	0.14%
	CL	D	0.14%
	DD	D	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	MTB	A	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	OXY	D	0.13%
	CSGP	D	0.12%
	WEC	A	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	GPN	B	0.11%
	KMB	D	0.11%
	SW	A	0.11%
	AWK	D	0.11%
	ANSS	B	0.11%
	STT	A	0.11%
	RJF	A	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	SBAC	D	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	DTE	C	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	SYF	B	0.09%
	STE	F	0.09%
	PGR	A	0.09%
	HBAN	A	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	CFG	B	0.08%
	INVH	D	0.08%
	ARE	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	EQT	B	0.08%
	CMS	C	0.08%
	FSLR	F	0.08%
	K	A	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	TSN	B	0.07%
	CSL	C	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	MRNA	F	0.07%
	BAX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	CNP	B	0.07%
	RGA	A	0.06%
	BRO	B	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	TRMB	B	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%
	OC	A	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	NI	A	0.06%
	KEY	B	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	EG	C	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	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%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	WYNN	D	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	QGEN	D	0.04%
	FHN	A	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%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	PNW	B	0.04%
	AA	B	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%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	OHI	C	0.04%
	RPRX	D	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%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	BJ	A	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%
	WEX	D	0.03%
	XP	F	0.03%
	FAF	A	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%
	HRB	D	0.03%
	G	B	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	WBA	F	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%
	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%
	PR	B	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	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%
	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%
	ACI	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%
	NNN	D	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BERY	B	0.03%
	BRX	A	0.03%
	FMC	D	0.03%
	ECL	D	0.03%
	VOYA	B	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%
	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%
	CMA	A	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	PTC	A	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	INGR	B	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	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%
	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%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	OGN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	SON	D	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%
	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%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	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%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	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%
	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%
	EXEL	B	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%
	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%
	KSS	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%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	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%
	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%
	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%
	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%
	NEU	C	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%
	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%
	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%
	CNA	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 38 Positions Relative to VSLU

	Symbol	Grade	Weight
	NVDA	C	-6.97%
	MSFT	F	-6.84%
	AAPL	C	-6.68%
	GOOGL	C	-6.21%
	MA	C	-4.57%
	META	D	-4.13%
	AMZN	C	-3.86%
	V	A	-3.37%
	AVGO	D	-2.99%
	MRK	F	-1.88%
	ORCL	B	-1.24%
	ADBE	C	-0.99%
	COR	B	-0.4%
	LRCX	F	-0.35%
	KLAC	D	-0.34%
	IT	C	-0.3%
	AMT	D	-0.26%
	LULU	C	-0.25%
	MCO	B	-0.21%
	CPAY	A	-0.21%
	ANET	C	-0.15%
	NXPI	D	-0.13%
	ADSK	A	-0.11%
	IDXX	F	-0.11%
	SNPS	B	-0.1%
	CDNS	B	-0.1%
	EXPE	B	-0.07%
	DVA	B	-0.07%
	TSCO	D	-0.06%
	DECK	A	-0.06%
	VRSK	A	-0.05%
	GDDY	A	-0.05%
	ODFL	B	-0.05%
	DXCM	D	-0.03%
	SMCI	F	-0.02%
	ENPH	F	-0.02%
	ROL	B	-0.02%
	POOL	C	-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

VSLU: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Semiconductors Diagnostics & Research Software - Application Specialty Retail Aerospace & Defense Information Technology Services Oil & Gas E&P Health Care Plans Medical Devices Packaged Foods REIT - Residential Credit Services Drug Manufacturers - Major Integrated Shipping & Logistics Internet Content & Information Beverages - Soft Drinks Biotechnology Building Materials

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Electronics Insurance Natural Gas Real Estate Investment Trust Telecommunications Chemical Medicine Semiconductor Beverage Aerospace Building Materials Mobile Devices Petroleum Industry Plastic Transport Cloud Computing