VONE vs. CNEQ ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to Alger Concentrated Equity ETF (CNEQ)

VONE

Vanguard Russell 1000 ETF

VONE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Index. The index is designed to measure the performance of large-capitalization stocks in the United States. The fund 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

$274.52

Average Daily Volume

56,783

Number of Holdings ^*

980

* may have additional holdings in another (foreign) market

CNEQ

Alger Concentrated Equity ETF

CNEQ Description

CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.

Grade (RS Rating)

Last Trade

$25.68

Average Daily Volume

4,266

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VONE	CNEQ
30 Days	4.55%	7.00%
60 Days	5.94%	11.60%
90 Days	8.98%	17.91%
12 Months	34.78%

23 Overlapping Holdings

Symbol	Grade	Weight in VONE	Weight in CNEQ	Overlap
AAPL	A	6.26%	8.58%	6.26%
AMZN	B	3.3%	8.1%	3.3%
APP	B	0.08%	3.29%	0.08%
AVGO	D	1.47%	3.17%	1.47%
CDNS	B	0.14%	1.9%	0.14%
CEG	C	0.16%	1.76%	0.16%
DHR	D	0.3%	2.35%	0.3%
GOOG	C	1.62%	1.98%	1.62%
HEI	B	0.03%	3.71%	0.03%
HEI	B	0.02%	3.71%	0.02%
ISRG	B	0.34%	2.19%	0.34%
LLY	D	1.27%	2.28%	1.27%
META	D	2.37%	6.47%	2.37%
MSFT	C	5.76%	13.34%	5.76%
MU	D	0.21%	1.27%	0.21%
NFLX	B	0.62%	2.0%	0.62%
NTRA	B	0.03%	1.52%	0.03%
NVDA	C	5.92%	13.04%	5.92%
SPGI	B	0.29%	2.14%	0.29%
TSLA	B	1.32%	1.1%	1.1%
UNH	B	0.99%	0.99%	0.99%
V	A	0.87%	2.15%	0.87%
VRT	B	0.07%	2.15%	0.07%

VONE Overweight 957 Positions Relative to CNEQ

Symbol	Grade	Weight
GOOGL	C	1.92%
BRK.A	B	1.57%
JPM	B	1.21%
XOM	C	1.0%
MA	A	0.79%
JNJ	D	0.74%
COST	A	0.74%
PG	A	0.74%
HD	B	0.74%
ABBV	D	0.69%
WMT	A	0.68%
BAC	A	0.54%
CRM	B	0.52%
ORCL	B	0.5%
CVX	A	0.49%
MRK	D	0.49%
KO	D	0.48%
PEP	F	0.44%
AMD	F	0.44%
WFC	A	0.43%
LIN	D	0.42%
CSCO	A	0.42%
ACN	B	0.41%
TMO	F	0.4%
MCD	D	0.4%
ADBE	C	0.4%
PM	A	0.39%
NOW	A	0.37%
ABT	B	0.37%
GE	C	0.36%
IBM	C	0.36%
QCOM	F	0.35%
CAT	B	0.35%
TXN	D	0.35%
DIS	B	0.34%
VZ	B	0.34%
AMGN	F	0.33%
INTU	C	0.32%
CMCSA	C	0.32%
PFE	D	0.31%
RTX	D	0.31%
T	A	0.31%
NEE	D	0.31%
GS	A	0.31%
BKNG	A	0.3%
LOW	C	0.29%
AMAT	F	0.29%
AXP	A	0.29%
UBER	D	0.28%
BLK	C	0.28%
UNP	C	0.27%
PGR	A	0.27%
HON	B	0.26%
MS	C	0.26%
SYK	B	0.25%
ETN	A	0.25%
BSX	B	0.24%
TJX	A	0.24%
COP	D	0.24%
BX	B	0.23%
ADP	A	0.23%
VRTX	D	0.23%
C	B	0.23%
BMY	B	0.22%
FI	A	0.22%
CB	C	0.22%
MDT	D	0.22%
LMT	D	0.22%
MMC	A	0.21%
TMUS	A	0.21%
SBUX	B	0.21%
ADI	D	0.21%
GILD	B	0.21%
PANW	B	0.21%
BA	F	0.2%
PLD	D	0.2%
SCHW	A	0.2%
UPS	C	0.19%
ANET	C	0.19%
AMT	D	0.19%
SO	C	0.19%
DE	B	0.19%
MDLZ	F	0.18%
NKE	F	0.18%
KKR	A	0.18%
MO	A	0.18%
ELV	F	0.18%
LRCX	D	0.18%
REGN	F	0.17%
CI	D	0.17%
ICE	D	0.17%
DUK	C	0.17%
KLAC	D	0.17%
INTC	D	0.17%
ZTS	F	0.16%
WELL	A	0.16%
GEV	B	0.16%
PLTR	B	0.16%
TT	A	0.16%
SHW	A	0.16%
EQIX	A	0.16%
WM	A	0.16%
CL	D	0.15%
ITW	A	0.15%
SNPS	B	0.15%
APH	B	0.15%
GD	F	0.15%
CME	A	0.15%
PH	A	0.15%
PYPL	B	0.15%
MMM	C	0.14%
CTAS	A	0.14%
CVS	D	0.14%
MCO	A	0.14%
AON	A	0.14%
MSI	B	0.14%
APO	A	0.14%
PNC	A	0.14%
USB	A	0.14%
CMG	B	0.14%
CSX	B	0.13%
ORLY	A	0.13%
CRWD	B	0.13%
BDX	F	0.13%
HCA	F	0.13%
MRVL	B	0.13%
APD	A	0.13%
TGT	F	0.13%
EOG	C	0.13%
NOC	D	0.13%
TDG	D	0.13%
AJG	A	0.12%
ADSK	B	0.12%
CARR	D	0.12%
ECL	D	0.12%
COF	B	0.12%
EMR	A	0.12%
FDX	B	0.12%
WMB	B	0.12%
FCX	F	0.12%
MCK	B	0.12%
BK	A	0.11%
TRV	B	0.11%
OKE	B	0.11%
NSC	A	0.11%
SPOT	B	0.11%
GM	C	0.11%
SLB	C	0.11%
ROP	B	0.11%
DLR	A	0.11%
HLT	A	0.11%
TFC	B	0.11%
AFL	A	0.11%
ABNB	C	0.11%
MAR	A	0.11%
DHI	D	0.1%
D	C	0.1%
FIS	D	0.1%
JCI	C	0.1%
AMP	A	0.1%
PSX	C	0.1%
MPC	D	0.1%
AZO	B	0.1%
PSA	C	0.1%
O	D	0.1%
AEP	C	0.1%
NEM	F	0.1%
SRE	B	0.1%
TTD	B	0.1%
PCAR	B	0.1%
URI	B	0.1%
DASH	A	0.1%
SPG	A	0.1%
CPRT	A	0.09%
CMI	A	0.09%
FAST	A	0.09%
PAYX	B	0.09%
KMB	C	0.09%
ROST	C	0.09%
MET	A	0.09%
CCI	D	0.09%
LHX	C	0.09%
FICO	A	0.09%
KMI	B	0.09%
NU	D	0.09%
GWW	A	0.09%
RCL	A	0.09%
ALL	A	0.09%
AIG	B	0.09%
WDAY	C	0.09%
FTNT	B	0.09%
ODFL	B	0.08%
OTIS	C	0.08%
EW	C	0.08%
SQ	C	0.08%
EA	B	0.08%
HWM	B	0.08%
CBRE	A	0.08%
F	C	0.08%
RSG	A	0.08%
VLO	C	0.08%
LEN	D	0.08%
AME	A	0.08%
CTVA	A	0.08%
PCG	A	0.08%
VST	B	0.08%
KVUE	A	0.08%
MSCI	B	0.08%
LNG	A	0.08%
PWR	A	0.08%
PRU	A	0.08%
PEG	A	0.08%
EXR	C	0.07%
DD	D	0.07%
HPQ	B	0.07%
DOW	F	0.07%
RMD	C	0.07%
COIN	C	0.07%
ED	C	0.07%
ACGL	D	0.07%
MPWR	F	0.07%
IRM	C	0.07%
LULU	C	0.07%
GLW	B	0.07%
MLM	B	0.07%
SNOW	C	0.07%
VMC	B	0.07%
TRGP	B	0.07%
KR	A	0.07%
STZ	F	0.07%
KDP	D	0.07%
DAL	B	0.07%
CTSH	A	0.07%
IQV	D	0.07%
YUM	B	0.07%
XEL	A	0.07%
DFS	B	0.07%
SYY	C	0.07%
DDOG	B	0.07%
HES	B	0.07%
IT	C	0.07%
COR	A	0.07%
GIS	D	0.07%
MNST	B	0.07%
A	D	0.07%
BKR	C	0.07%
MSTR	C	0.07%
GEHC	F	0.07%
IR	A	0.07%
MCHP	D	0.07%
EXC	C	0.07%
VRSK	A	0.07%
PPG	D	0.06%
EBAY	C	0.06%
XYL	D	0.06%
CSGP	C	0.06%
KHC	D	0.06%
TEAM	B	0.06%
FITB	B	0.06%
CPNG	C	0.06%
WEC	A	0.06%
ON	D	0.06%
AXON	A	0.06%
NDAQ	A	0.06%
ROK	B	0.06%
ARES	A	0.06%
GRMN	B	0.06%
CHTR	B	0.06%
VEEV	B	0.06%
WTW	A	0.06%
HUM	C	0.06%
EIX	A	0.06%
AVB	A	0.06%
HIG	A	0.06%
MTB	B	0.06%
EFX	D	0.06%
CNC	F	0.06%
WAB	A	0.06%
ETR	A	0.06%
VICI	C	0.06%
FANG	F	0.06%
OXY	F	0.06%
IDXX	F	0.06%
DELL	C	0.06%
ALNY	D	0.06%
NUE	D	0.06%
NTAP	B	0.05%
PPL	A	0.05%
FE	D	0.05%
TROW	A	0.05%
DVN	F	0.05%
CHD	B	0.05%
HAL	C	0.05%
SBAC	D	0.05%
DECK	B	0.05%
BR	A	0.05%
LDOS	D	0.05%
BRO	A	0.05%
FTV	B	0.05%
VLTO	D	0.05%
CDW	F	0.05%
HPE	B	0.05%
BIIB	F	0.05%
IFF	D	0.05%
TYL	A	0.05%
UAL	B	0.05%
DTE	C	0.05%
HSY	F	0.05%
KEYS	B	0.05%
DOV	A	0.05%
NVR	D	0.05%
NET	B	0.05%
ADM	D	0.05%
GPN	C	0.05%
SW	B	0.05%
RBLX	C	0.05%
CAH	B	0.05%
VTR	C	0.05%
EQR	A	0.05%
PHM	D	0.05%
CVNA	B	0.05%
AWK	D	0.05%
HUBS	B	0.05%
MTD	D	0.05%
ANSS	B	0.05%
TTWO	A	0.05%
STT	A	0.05%
RJF	A	0.05%
DXCM	C	0.05%
TSCO	D	0.05%
LVS	C	0.04%
MOH	D	0.04%
HOLX	D	0.04%
CFG	B	0.04%
PFG	C	0.04%
CNP	A	0.04%
NRG	B	0.04%
WAT	A	0.04%
DRI	B	0.04%
MDB	C	0.04%
LH	B	0.04%
PINS	D	0.04%
IP	B	0.04%
INVH	D	0.04%
LII	B	0.04%
ARE	D	0.04%
STLD	B	0.04%
ZBRA	A	0.04%
TRU	D	0.04%
CLX	C	0.04%
BBY	D	0.04%
OMC	C	0.04%
CSL	B	0.04%
MKL	A	0.04%
ZM	B	0.04%
WBD	C	0.04%
EXPE	B	0.04%
MKC	D	0.04%
NTRS	A	0.04%
PKG	A	0.04%
BLDR	D	0.04%
CMS	B	0.04%
EME	B	0.04%
FSLR	F	0.04%
TDY	B	0.04%
LPLA	A	0.04%
ATO	A	0.04%
K	A	0.04%
WDC	C	0.04%
CINF	A	0.04%
SYF	A	0.04%
EQT	B	0.04%
STE	F	0.04%
TPL	B	0.04%
ZBH	C	0.04%
RF	B	0.04%
CCL	B	0.04%
PTC	A	0.04%
CPAY	A	0.04%
WST	C	0.04%
LYB	F	0.04%
CBOE	B	0.04%
HBAN	B	0.04%
WY	D	0.04%
ILMN	C	0.04%
HUBB	B	0.04%
FCNCA	B	0.04%
ES	D	0.04%
AEE	A	0.04%
BAH	F	0.04%
GDDY	A	0.04%
DLTR	D	0.03%
REG	A	0.03%
ROL	A	0.03%
JKHY	D	0.03%
TOST	B	0.03%
EWBC	B	0.03%
TWLO	B	0.03%
FFIV	A	0.03%
POOL	C	0.03%
EVRG	A	0.03%
CE	F	0.03%
RNR	C	0.03%
GGG	B	0.03%
CAG	D	0.03%
JBL	C	0.03%
FIX	A	0.03%
VTRS	B	0.03%
RGA	A	0.03%
UDR	B	0.03%
NDSN	B	0.03%
SWKS	D	0.03%
USFD	A	0.03%
DOCU	B	0.03%
ACM	A	0.03%
SWK	D	0.03%
L	A	0.03%
DPZ	B	0.03%
CASY	B	0.03%
SMCI	F	0.03%
TW	A	0.03%
RVTY	D	0.03%
TRMB	B	0.03%
THC	D	0.03%
EQH	B	0.03%
VRSN	C	0.03%
TXT	D	0.03%
JBHT	B	0.03%
CF	B	0.03%
XPO	B	0.03%
SSNC	A	0.03%
GWRE	A	0.03%
AKAM	D	0.03%
TOL	B	0.03%
NTNX	B	0.03%
AVTR	D	0.03%
EG	C	0.03%
OC	B	0.03%
MRO	B	0.03%
LNT	A	0.03%
RBA	B	0.03%
PSTG	D	0.03%
ALGN	D	0.03%
APTV	F	0.03%
FNF	B	0.03%
KIM	A	0.03%
HOOD	B	0.03%
BURL	B	0.03%
GEN	A	0.03%
ENTG	D	0.03%
NI	A	0.03%
DOC	C	0.03%
EL	F	0.03%
DT	C	0.03%
KEY	B	0.03%
GPC	D	0.03%
MANH	C	0.03%
AMCR	D	0.03%
IBKR	A	0.03%
RPM	B	0.03%
DKNG	C	0.03%
PODD	B	0.03%
IEX	B	0.03%
RS	B	0.03%
SUI	D	0.03%
UTHR	B	0.03%
WSO	B	0.03%
PNR	A	0.03%
TSN	B	0.03%
ZS	C	0.03%
AVY	D	0.03%
TER	D	0.03%
WRB	A	0.03%
EXPD	D	0.03%
WSM	B	0.03%
SNA	A	0.03%
DGX	B	0.03%
FDS	B	0.03%
MAS	D	0.03%
MAA	B	0.03%
J	D	0.03%
DG	F	0.03%
MRNA	F	0.03%
ULTA	F	0.03%
CTRA	B	0.03%
ESS	B	0.03%
BALL	D	0.03%
BAX	F	0.03%
LUV	C	0.03%
LYV	B	0.03%
OGE	A	0.02%
CRBG	B	0.02%
PCTY	B	0.02%
TPX	B	0.02%
MEDP	D	0.02%
BRX	A	0.02%
PNFP	B	0.02%
RBC	A	0.02%
KNX	B	0.02%
ROKU	D	0.02%
RL	B	0.02%
FMC	D	0.02%
CHE	D	0.02%
BERY	B	0.02%
VOYA	B	0.02%
EGP	F	0.02%
GMED	A	0.02%
GME	C	0.02%
CMA	A	0.02%
TTC	D	0.02%
HRB	D	0.02%
RIVN	D	0.02%
AXTA	B	0.02%
SKX	D	0.02%
WCC	B	0.02%
CNM	C	0.02%
PEN	B	0.02%
LNW	D	0.02%
MGM	F	0.02%
WING	D	0.02%
OLED	F	0.02%
APA	F	0.02%
MOS	F	0.02%
BRBR	A	0.02%
GPK	C	0.02%
CZR	D	0.02%
DCI	A	0.02%
INGR	B	0.02%
X	C	0.02%
SNX	C	0.02%
WBS	B	0.02%
ITCI	B	0.02%
ORI	A	0.02%
DTM	B	0.02%
HRL	D	0.02%
GLOB	B	0.02%
NYT	D	0.02%
MORN	A	0.02%
FYBR	D	0.02%
LAD	B	0.02%
HLI	A	0.02%
KBR	D	0.02%
AAL	B	0.02%
WAL	B	0.02%
LBRDK	C	0.02%
HSIC	B	0.02%
CPB	D	0.02%
MTCH	D	0.02%
AOS	F	0.02%
Z	B	0.02%
PR	B	0.02%
CRL	D	0.02%
REXR	F	0.02%
HAS	D	0.02%
FRT	A	0.02%
AYI	C	0.02%
TKO	A	0.02%
CIEN	B	0.02%
MUSA	A	0.02%
AFG	A	0.02%
GL	C	0.02%
QGEN	D	0.02%
ALSN	B	0.02%
TFX	F	0.02%
PRI	A	0.02%
FOXA	C	0.02%
KNSL	B	0.02%
TAP	C	0.02%
FHN	B	0.02%
SCCO	F	0.02%
EVR	B	0.02%
EXEL	A	0.02%
RGLD	C	0.02%
EXP	B	0.02%
ALLY	B	0.02%
WTRG	B	0.02%
ONTO	F	0.02%
WWD	B	0.02%
GNRC	B	0.02%
CHDN	C	0.02%
EHC	A	0.02%
LKQ	D	0.02%
ARMK	A	0.02%
WYNN	D	0.02%
CNH	B	0.02%
DOX	D	0.02%
SOLV	C	0.02%
PNW	A	0.02%
AIZ	A	0.02%
AFRM	B	0.02%
AA	A	0.02%
SF	B	0.02%
FBIN	D	0.02%
WMS	D	0.02%
EPAM	C	0.02%
CTLT	B	0.02%
OVV	C	0.02%
OHI	C	0.02%
MKTX	D	0.02%
RPRX	D	0.02%
LECO	C	0.02%
PAYC	A	0.02%
CUBE	D	0.02%
DUOL	B	0.02%
TPR	A	0.02%
DAY	B	0.02%
NWSA	B	0.02%
FND	C	0.02%
JEF	A	0.02%
ATR	B	0.02%
ENPH	F	0.02%
CCK	D	0.02%
NCLH	B	0.02%
ALB	C	0.02%
BJ	B	0.02%
CG	B	0.02%
RRX	C	0.02%
BWXT	B	0.02%
IPG	C	0.02%
LW	C	0.02%
DKS	C	0.02%
OWL	B	0.02%
BLD	D	0.02%
KMX	B	0.02%
SRPT	C	0.02%
ITT	B	0.02%
TECH	C	0.02%
FTI	A	0.02%
SCI	A	0.02%
SOFI	B	0.02%
LAMR	C	0.02%
SJM	C	0.02%
OKTA	C	0.02%
AES	F	0.02%
INCY	B	0.02%
CHRW	C	0.02%
UHS	D	0.02%
BG	D	0.02%
UNM	A	0.02%
WPC	D	0.02%
AMH	C	0.02%
CLH	B	0.02%
HST	C	0.02%
CPT	A	0.02%
NBIX	C	0.02%
CACI	D	0.02%
ALLE	D	0.02%
COHR	C	0.02%
EMN	D	0.02%
NVT	B	0.02%
PFGC	B	0.02%
EXAS	D	0.02%
BXP	C	0.02%
BMRN	D	0.02%
JLL	B	0.02%
JNPR	F	0.02%
TXRH	A	0.02%
ELS	B	0.02%
CW	B	0.02%
SAIA	B	0.02%
GLPI	B	0.02%
TTEK	D	0.02%
COLM	B	0.01%
SAM	C	0.01%
VAC	B	0.01%
CACC	C	0.01%
CLVT	F	0.01%
CXT	B	0.01%
CWEN	C	0.01%
CC	C	0.01%
APLS	C	0.01%
PAG	B	0.01%
COTY	F	0.01%
MPW	F	0.01%
NWS	B	0.01%
RNG	B	0.01%
AMKR	F	0.01%
NSA	C	0.01%
PK	B	0.01%
BHF	B	0.01%
PENN	C	0.01%
MAN	D	0.01%
AMED	F	0.01%
YETI	C	0.01%
NCNO	B	0.01%
FHB	B	0.01%
ZG	B	0.01%
TDC	D	0.01%
TNL	B	0.01%
WEN	D	0.01%
ZI	D	0.01%
IRDM	D	0.01%
EPR	D	0.01%
HIW	D	0.01%
NVST	C	0.01%
PRGO	C	0.01%
SMG	D	0.01%
MSM	C	0.01%
BROS	A	0.01%
NEU	C	0.01%
DXC	B	0.01%
PEGA	A	0.01%
GFS	C	0.01%
DNB	B	0.01%
HUN	F	0.01%
IAC	D	0.01%
WU	D	0.01%
PII	F	0.01%
NWL	B	0.01%
HOG	D	0.01%
SPR	D	0.01%
KMPR	B	0.01%
ACHC	F	0.01%
LOPE	B	0.01%
W	F	0.01%
CHH	A	0.01%
GTES	A	0.01%
AN	B	0.01%
GAP	C	0.01%
FLO	C	0.01%
MSGS	A	0.01%
ASH	F	0.01%
DLB	B	0.01%
EEFT	B	0.01%
M	D	0.01%
SLGN	A	0.01%
LITE	B	0.01%
AGO	B	0.01%
WTM	A	0.01%
WLK	F	0.01%
APPF	B	0.01%
OZK	B	0.01%
RYN	C	0.01%
AL	B	0.01%
RH	B	0.01%
KRC	C	0.01%
LYFT	C	0.01%
CUZ	B	0.01%
BYD	B	0.01%
RARE	D	0.01%
AM	A	0.01%
XRAY	F	0.01%
AVT	C	0.01%
HCP	C	0.01%
SLM	B	0.01%
HXL	D	0.01%
ROIV	B	0.01%
CIVI	F	0.01%
UGI	A	0.01%
OGN	D	0.01%
OLN	D	0.01%
PSN	D	0.01%
SON	D	0.01%
ST	D	0.01%
DOCS	C	0.01%
IDA	C	0.01%
VVV	F	0.01%
THO	B	0.01%
SEE	C	0.01%
KD	A	0.01%
FIVE	F	0.01%
FNB	B	0.01%
CELH	F	0.01%
JHG	A	0.01%
THG	A	0.01%
TKR	D	0.01%
BC	D	0.01%
NXST	C	0.01%
LEA	D	0.01%
POST	B	0.01%
FOX	B	0.01%
PATH	C	0.01%
FOUR	B	0.01%
WHR	B	0.01%
NFG	B	0.01%
ELF	C	0.01%
OLLI	C	0.01%
OMF	A	0.01%
PVH	C	0.01%
SRCL	B	0.01%
TPG	B	0.01%
VNT	C	0.01%
WFRD	F	0.01%
INSP	D	0.01%
COLB	B	0.01%
DINO	F	0.01%
AWI	A	0.01%
LNC	B	0.01%
BEN	C	0.01%
U	C	0.01%
ETSY	C	0.01%
CRUS	D	0.01%
WSC	D	0.01%
MDU	D	0.01%
AXS	A	0.01%
IONS	D	0.01%
STWD	C	0.01%
BILL	B	0.01%
MSA	C	0.01%
NOV	D	0.01%
LFUS	D	0.01%
CLF	F	0.01%
ESI	B	0.01%
SN	D	0.01%
DAR	C	0.01%
ALK	B	0.01%
MTDR	C	0.01%
MTN	C	0.01%
MTG	B	0.01%
FRPT	B	0.01%
AGCO	D	0.01%
AMG	B	0.01%
VMI	A	0.01%
PARA	D	0.01%
LSTR	C	0.01%
MASI	B	0.01%
R	A	0.01%
LPX	B	0.01%
MTSI	B	0.01%
ELAN	F	0.01%
AZEK	B	0.01%
SITE	C	0.01%
H	B	0.01%
CFLT	B	0.01%
IVZ	B	0.01%
BPOP	B	0.01%
ARW	D	0.01%
GTLB	C	0.01%
BRKR	F	0.01%
RLI	A	0.01%
PB	B	0.01%
CROX	F	0.01%
BBWI	C	0.01%
DBX	C	0.01%
SIRI	C	0.01%
FAF	B	0.01%
ESTC	C	0.01%
ATI	D	0.01%
OSK	B	0.01%
G	B	0.01%
MKSI	C	0.01%
STAG	D	0.01%
JAZZ	B	0.01%
RYAN	A	0.01%
KEX	B	0.01%
WBA	F	0.01%
BSY	D	0.01%
QRVO	F	0.01%
FR	D	0.01%
FLS	A	0.01%
MIDD	B	0.01%
GXO	B	0.01%
PLNT	A	0.01%
GNTX	C	0.01%
FCN	D	0.01%
UHAL	D	0.01%
RHI	C	0.01%
CGNX	C	0.01%
PCOR	B	0.01%
WH	A	0.01%
MAT	D	0.01%
BIO	D	0.01%
AGNC	D	0.01%
LSCC	D	0.01%
ESAB	B	0.01%
COKE	C	0.01%
MHK	D	0.01%
S	B	0.01%
DVA	A	0.01%
VFC	B	0.01%
XP	F	0.01%
VNO	B	0.01%
RRC	B	0.01%
ADC	A	0.01%
WEX	D	0.01%
SNV	B	0.01%
CBSH	B	0.01%
HII	D	0.01%
COLD	D	0.01%
ZION	B	0.01%
ACI	C	0.01%
CFR	B	0.01%
SAIC	F	0.01%
AR	B	0.01%
RGEN	D	0.01%
WTFC	B	0.01%
MTZ	A	0.01%
TREX	C	0.01%
BFAM	D	0.01%
SEIC	A	0.01%
SSD	C	0.01%
VKTX	F	0.01%
CR	B	0.01%
CHRD	F	0.01%
APG	B	0.01%
BWA	D	0.01%
SMAR	A	0.01%
AAON	B	0.01%
NNN	D	0.01%
AMC	C	0.0%
SEG	B	0.0%
LEN	D	0.0%
CWEN	C	0.0%
NFE	D	0.0%
PLTK	B	0.0%
UHAL	D	0.0%
TFSL	B	0.0%
UWMC	D	0.0%
SEB	F	0.0%
PYCR	C	0.0%
CNA	B	0.0%
DDS	B	0.0%
UI	B	0.0%
UA	C	0.0%
SNDR	A	0.0%
CERT	D	0.0%
LBRDA	C	0.0%
GO	C	0.0%
REYN	D	0.0%
CAR	C	0.0%
FTRE	C	0.0%
LEG	F	0.0%
TXG	F	0.0%
WOLF	F	0.0%
TRIP	F	0.0%
INFA	D	0.0%
QS	F	0.0%
BIRK	D	0.0%
VSTS	C	0.0%
PINC	B	0.0%
PPC	C	0.0%
CRI	F	0.0%
UAA	C	0.0%
KSS	F	0.0%
DJT	C	0.0%
CNXC	F	0.0%
LCID	F	0.0%
AAP	C	0.0%
FIVN	C	0.0%
ENOV	C	0.0%
RCM	F	0.0%
IPGP	D	0.0%
SHC	F	0.0%
RKT	D	0.0%
HAYW	B	0.0%
AZTA	D	0.0%
CPRI	F	0.0%
JWN	A	0.0%
BOKF	B	0.0%
HHH	A	0.0%
ADTN	B	0.0%
MP	B	0.0%
DV	C	0.0%
VIRT	B	0.0%
AGR	B	0.0%
ALGM	D	0.0%
SPB	C	0.0%

VONE Underweight 3 Positions Relative to CNEQ

Symbol	Grade	Weight
TSM	D	-3.59%
MELI	C	-1.16%
ASML	F	-0.93%