VONE vs. FTLS ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to First Trust Long/Short Equity (FTLS)

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 1000® 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

$257.18

Average Daily Volume

62,808

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.39

Average Daily Volume

134,461

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	VONE	FTLS
30 Days	0.95%	-0.07%
60 Days	6.94%	3.42%
90 Days	2.98%	0.74%
12 Months	35.05%	21.93%

218 Overlapping Holdings

	Symbol	Grade	Weight in VONE	Weight in FTLS	Overlap
	AAPL	C	6.39%	7.52%	6.39%
	ABT	C	0.38%	-0.14%	-0.14%
	ACN	B	0.41%	2.07%	0.41%
	AFL	A	0.12%	0.71%	0.12%
	AIZ	B	0.02%	0.21%	0.02%
	ALB	D	0.02%	-0.03%	-0.03%
	ALL	C	0.1%	0.85%	0.1%
	ALLY	F	0.02%	0.29%	0.02%
	ALSN	A	0.02%	0.16%	0.02%
	AM	A	0.01%	0.11%	0.01%
	AMAT	B	0.31%	-0.04%	-0.04%
	AMD	B	0.46%	-0.03%	-0.03%
	AMZN	C	3.18%	2.46%	2.46%
	APD	C	0.12%	-0.69%	-0.69%
	APO	B	0.12%	-0.06%	-0.06%
	AVGO	C	1.42%	1.09%	1.09%
	AVY	D	0.03%	-0.08%	-0.08%
	AXS	A	0.01%	0.13%	0.01%
	AYI	A	0.01%	0.24%	0.01%
	AZTA	F	0.01%	-0.03%	-0.03%
	BA	F	0.19%	-0.08%	-0.08%
	BFAM	B	0.02%	0.15%	0.02%
	BIRK	F	0.0%	-0.03%	-0.03%
	BJ	C	0.02%	0.45%	0.02%
	BK	C	0.1%	-0.35%	-0.35%
	BKR	B	0.07%	-0.11%	-0.11%
	BRK.A	C	1.67%	1.12%	1.12%
	BURL	D	0.03%	-0.03%	-0.03%
	BWXT	A	0.02%	-0.18%	-0.18%
	C	C	0.23%	2.0%	0.23%
	CAG	D	0.03%	0.46%	0.03%
	CBSH	D	0.01%	0.11%	0.01%
	CCK	C	0.02%	0.31%	0.02%
	CDNS	D	0.14%	-0.65%	-0.65%
	CDW	D	0.06%	-0.08%	-0.08%
	CF	A	0.03%	0.55%	0.03%
	CFLT	F	0.01%	-0.03%	-0.03%
	CHK	D	0.02%	-0.08%	-0.08%
	CL	D	0.17%	1.34%	0.17%
	CLH	C	0.02%	-0.03%	-0.03%
	CMCSA	C	0.3%	-0.65%	-0.65%
	CMI	A	0.08%	-0.34%	-0.34%
	COHR	A	0.02%	-0.02%	-0.02%
	COLB	C	0.01%	0.16%	0.01%
	COP	D	0.26%	-0.06%	-0.06%
	COTY	F	0.01%	-0.03%	-0.03%
	CROX	C	0.02%	0.64%	0.02%
	CSL	A	0.04%	0.59%	0.04%
	CTAS	C	0.13%	1.03%	0.13%
	CTRA	D	0.03%	-0.04%	-0.04%
	CVX	B	0.49%	-0.02%	-0.02%
	DBX	B	0.01%	0.33%	0.01%
	DE	B	0.19%	-0.52%	-0.52%
	DIS	D	0.32%	-0.67%	-0.67%
	DLB	C	0.01%	-0.07%	-0.07%
	DNB	D	0.01%	-0.02%	-0.02%
	EA	D	0.08%	-0.02%	-0.02%
	EFX	C	0.07%	-0.22%	-0.22%
	EPR	C	0.01%	0.09%	0.01%
	EQT	B	0.04%	-0.04%	-0.04%
	ETN	C	0.24%	-0.55%	-0.55%
	EWBC	D	0.02%	0.2%	0.02%
	EXEL	B	0.01%	0.15%	0.01%
	EXP	B	0.02%	0.33%	0.02%
	FANG	C	0.07%	0.79%	0.07%
	FAST	C	0.07%	-0.02%	-0.02%
	FDX	F	0.13%	1.57%	0.13%
	FFIV	B	0.02%	0.36%	0.02%
	FHB	D	0.01%	0.06%	0.01%
	FIS	B	0.09%	0.95%	0.09%
	FSLR	C	0.05%	-0.02%	-0.02%
	GD	C	0.16%	-0.56%	-0.56%
	GE	C	0.36%	-0.03%	-0.03%
	GEHC	C	0.07%	-0.3%	-0.3%
	GEV	A	0.1%	-0.17%	-0.17%
	GL	C	0.02%	0.39%	0.02%
	GM	D	0.11%	0.11%	0.11%
	GOOG	B	1.56%	1.11%	1.11%
	GOOGL	B	1.85%	1.32%	1.32%
	GPC	D	0.04%	-0.12%	-0.12%
	GWRE	A	0.02%	-0.19%	-0.19%
	HAYW	C	0.0%	0.07%	0.0%
	HCA	C	0.15%	-0.08%	-0.08%
	HHH	C	0.0%	-0.03%	-0.03%
	HII	F	0.02%	-0.16%	-0.16%
	HON	C	0.26%	-0.02%	-0.02%
	HPQ	B	0.07%	0.98%	0.07%
	HRB	C	0.02%	0.21%	0.02%
	HWM	A	0.07%	0.86%	0.07%
	ILMN	B	0.04%	1.05%	0.04%
	INTC	D	0.18%	-0.29%	-0.29%
	IPG	D	0.02%	-0.18%	-0.18%
	ISRG	C	0.33%	-0.3%	-0.3%
	JAZZ	F	0.01%	0.28%	0.01%
	JBL	C	0.02%	0.71%	0.02%
	JNJ	D	0.77%	1.99%	0.77%
	JPM	D	1.24%	0.82%	0.82%
	KD	D	0.01%	-0.02%	-0.02%
	KEYS	C	0.05%	-0.13%	-0.13%
	KMI	A	0.08%	1.01%	0.08%
	KMPR	D	0.01%	0.07%	0.01%
	KNSL	C	0.02%	0.21%	0.02%
	KR	C	0.07%	-0.25%	-0.25%
	LEG	D	0.0%	0.16%	0.0%
	LIN	B	0.44%	-0.64%	-0.64%
	LLY	D	1.57%	0.95%	0.95%
	LMT	A	0.23%	-0.36%	-0.36%
	LNG	A	0.08%	1.02%	0.08%
	LOPE	D	0.01%	0.08%	0.01%
	LOW	A	0.27%	2.16%	0.27%
	LPX	C	0.01%	0.3%	0.01%
	LYFT	D	0.01%	-0.03%	-0.03%
	MAS	A	0.03%	0.49%	0.03%
	MAT	D	0.01%	-0.09%	-0.09%
	MCD	A	0.4%	-0.44%	-0.44%
	MDLZ	D	0.18%	-0.38%	-0.38%
	META	A	2.19%	1.76%	1.76%
	MLM	F	0.06%	-0.44%	-0.44%
	MMM	C	0.14%	-0.32%	-0.32%
	MO	D	0.18%	1.41%	0.18%
	MP	B	0.0%	-0.05%	-0.05%
	MPC	C	0.12%	1.43%	0.12%
	MSA	F	0.01%	-0.06%	-0.06%
	MSFT	D	5.96%	4.52%	4.52%
	MSI	A	0.14%	-0.4%	-0.4%
	MSM	D	0.01%	0.21%	0.01%
	MTG	B	0.01%	0.13%	0.01%
	MU	D	0.2%	-0.18%	-0.18%
	NFLX	B	0.58%	-0.13%	-0.13%
	NOW	C	0.34%	-0.31%	-0.31%
	NSA	C	0.01%	0.12%	0.01%
	NSC	D	0.11%	-0.26%	-0.26%
	NTAP	D	0.05%	0.77%	0.05%
	NTRS	C	0.04%	0.36%	0.04%
	NVDA	B	5.45%	4.05%	4.05%
	NVR	B	0.05%	0.59%	0.05%
	NWSA	D	0.02%	-0.03%	-0.03%
	OKTA	F	0.02%	0.44%	0.02%
	OMC	C	0.04%	-0.28%	-0.28%
	ORCL	C	0.43%	-0.76%	-0.76%
	ORI	B	0.02%	0.14%	0.02%
	OSK	F	0.01%	-0.03%	-0.03%
	PANW	D	0.21%	-0.22%	-0.22%
	PAYX	A	0.08%	-0.54%	-0.54%
	PCAR	C	0.09%	-0.2%	-0.2%
	PENN	D	0.01%	0.37%	0.01%
	PEP	F	0.46%	-0.61%	-0.61%
	PG	D	0.78%	-0.28%	-0.28%
	PH	B	0.15%	1.51%	0.15%
	PKG	B	0.04%	-0.14%	-0.14%
	PM	D	0.37%	1.83%	0.37%
	PNC	C	0.14%	-0.46%	-0.46%
	PNFP	D	0.01%	0.13%	0.01%
	PNR	B	0.03%	0.52%	0.03%
	PPC	D	0.0%	0.1%	0.0%
	PRI	A	0.02%	0.14%	0.02%
	QCOM	C	0.38%	1.98%	0.38%
	R	C	0.01%	-0.08%	-0.08%
	RCL	C	0.07%	-0.03%	-0.03%
	RH	C	0.01%	-0.04%	-0.04%
	RIVN	F	0.02%	-0.03%	-0.03%
	RL	B	0.01%	0.63%	0.01%
	RLI	A	0.01%	0.07%	0.01%
	RPRX	D	0.02%	0.26%	0.02%
	SAIA	D	0.02%	-0.02%	-0.02%
	SAM	C	0.0%	0.18%	0.0%
	SCHW	D	0.19%	1.84%	0.19%
	SLB	D	0.12%	-0.12%	-0.12%
	SLGN	C	0.01%	-0.03%	-0.03%
	SNA	A	0.03%	0.27%	0.03%
	SNPS	F	0.15%	-0.28%	-0.28%
	SOFI	C	0.02%	-0.03%	-0.03%
	STE	D	0.05%	-0.15%	-0.15%
	STZ	D	0.07%	-0.05%	-0.05%
	SWK	C	0.03%	0.52%	0.03%
	SYF	B	0.04%	0.61%	0.04%
	SYK	C	0.25%	-0.16%	-0.16%
	SYY	D	0.07%	0.87%	0.07%
	TFC	D	0.11%	0.95%	0.11%
	THG	C	0.01%	0.09%	0.01%
	THO	C	0.01%	0.18%	0.01%
	TKO	A	0.02%	0.34%	0.02%
	TMO	D	0.45%	-0.03%	-0.03%
	TMUS	A	0.18%	2.03%	0.18%
	TOL	A	0.03%	0.67%	0.03%
	TRMB	B	0.03%	-0.08%	-0.08%
	TRV	C	0.1%	0.98%	0.1%
	TSLA	C	1.14%	-0.56%	-0.56%
	TTC	D	0.02%	0.34%	0.02%
	TTD	A	0.09%	-0.05%	-0.05%
	TTWO	F	0.05%	-0.28%	-0.28%
	TWLO	B	0.02%	0.49%	0.02%
	TXG	F	0.0%	0.13%	0.0%
	TXN	C	0.37%	-0.37%	-0.37%
	TYL	B	0.05%	-0.24%	-0.24%
	UHS	D	0.03%	0.22%	0.03%
	UNH	B	1.04%	-0.4%	-0.4%
	URI	C	0.09%	-0.2%	-0.2%
	USB	D	0.14%	1.23%	0.14%
	UWMC	D	0.0%	-0.03%	-0.03%
	VICI	C	0.07%	0.43%	0.07%
	VLO	D	0.09%	1.4%	0.09%
	VLTO	A	0.05%	0.53%	0.05%
	VMC	D	0.06%	-0.14%	-0.14%
	VNT	F	0.01%	-0.07%	-0.07%
	VRSK	C	0.07%	-0.53%	-0.53%
	VRSN	B	0.03%	0.47%	0.03%
	VVV	F	0.01%	-0.1%	-0.1%
	W	D	0.01%	-0.04%	-0.04%
	WAT	B	0.04%	-0.29%	-0.29%
	WM	B	0.16%	-0.45%	-0.45%
	WMB	A	0.11%	0.06%	0.06%
	WMT	A	0.64%	-0.03%	-0.03%
	WOLF	F	0.0%	-0.03%	-0.03%
	WRB	C	0.04%	0.3%	0.04%
	WST	D	0.04%	-0.06%	-0.06%
	XOM	A	1.02%	-0.45%	-0.45%
	ZBH	F	0.05%	-0.37%	-0.37%

VONE Overweight 758 Positions Relative to FTLS

	Symbol	Grade	Weight
	V	C	0.84%
	MA	A	0.77%
	COST	C	0.76%
	HD	A	0.7%
	ABBV	B	0.67%
	MRK	F	0.58%
	KO	C	0.54%
	BAC	D	0.53%
	ADBE	F	0.49%
	CRM	B	0.46%
	WFC	F	0.39%
	CSCO	A	0.39%
	IBM	A	0.36%
	VZ	B	0.34%
	DHR	D	0.34%
	AMGN	D	0.34%
	INTU	F	0.33%
	CAT	A	0.33%
	PFE	D	0.32%
	NEE	A	0.32%
	SPGI	B	0.31%
	GS	D	0.31%
	RTX	A	0.31%
	UNP	D	0.3%
	AXP	B	0.28%
	UBER	C	0.28%
	PGR	C	0.28%
	T	A	0.27%
	TJX	D	0.26%
	BLK	A	0.26%
	BKNG	C	0.26%
	VRTX	D	0.25%
	ELV	F	0.25%
	REGN	D	0.24%
	MDT	C	0.23%
	PLD	D	0.23%
	BSX	A	0.23%
	MS	B	0.23%
	MMC	D	0.22%
	ADP	A	0.22%
	CB	B	0.22%
	ADI	C	0.22%
	SBUX	C	0.21%
	LRCX	D	0.21%
	KLAC	B	0.21%
	FI	A	0.2%
	AMT	C	0.2%
	GILD	A	0.19%
	NKE	D	0.19%
	CI	D	0.19%
	BMY	B	0.19%
	BX	C	0.19%
	ICE	A	0.18%
	UPS	D	0.18%
	SO	A	0.18%
	SHW	C	0.17%
	DUK	B	0.17%
	ANET	A	0.17%
	TT	A	0.16%
	KKR	C	0.16%
	ZTS	C	0.16%
	PYPL	C	0.15%
	CMG	C	0.15%
	MCO	D	0.15%
	EQIX	C	0.15%
	APH	D	0.15%
	TGT	D	0.14%
	WELL	C	0.14%
	CVS	C	0.14%
	NOC	B	0.14%
	MCK	F	0.14%
	EOG	B	0.14%
	TDG	B	0.14%
	ITW	B	0.14%
	MRVL	B	0.13%
	ORLY	A	0.13%
	CSX	D	0.13%
	AON	B	0.13%
	BDX	C	0.13%
	EMR	B	0.12%
	CRWD	D	0.12%
	CARR	B	0.12%
	NEM	C	0.12%
	CEG	A	0.12%
	AJG	D	0.12%
	ECL	B	0.12%
	PLTR	A	0.12%
	FCX	B	0.12%
	AZO	D	0.11%
	MAR	B	0.11%
	ADSK	C	0.11%
	WDAY	D	0.11%
	COF	C	0.11%
	DHI	C	0.11%
	ROP	C	0.11%
	PSX	D	0.11%
	JCI	C	0.1%
	SPOT	C	0.1%
	ABNB	D	0.1%
	AIG	F	0.1%
	SRE	B	0.1%
	AEP	C	0.1%
	O	A	0.1%
	OKE	A	0.1%
	HLT	B	0.1%
	SPG	A	0.1%
	PSA	C	0.1%
	MSCI	B	0.09%
	DASH	B	0.09%
	LHX	A	0.09%
	AMP	A	0.09%
	IQV	F	0.09%
	LEN	B	0.09%
	MET	B	0.09%
	CPRT	C	0.09%
	D	A	0.09%
	NU	D	0.09%
	FTNT	B	0.09%
	KMB	D	0.09%
	CCI	C	0.09%
	DLR	C	0.09%
	ROST	D	0.09%
	AME	D	0.08%
	IDXX	D	0.08%
	CTVA	A	0.08%
	PWR	B	0.08%
	PEG	A	0.08%
	ACGL	B	0.08%
	GIS	C	0.08%
	FICO	A	0.08%
	EW	F	0.08%
	A	B	0.08%
	KVUE	C	0.08%
	CNC	F	0.08%
	PCG	C	0.08%
	HUM	F	0.08%
	RSG	C	0.08%
	GWW	B	0.08%
	MCHP	F	0.08%
	PRU	C	0.08%
	F	D	0.08%
	MPWR	B	0.08%
	XEL	B	0.07%
	HIG	B	0.07%
	DFS	C	0.07%
	DDOG	C	0.07%
	DD	C	0.07%
	CBRE	B	0.07%
	ED	A	0.07%
	MNST	D	0.07%
	RMD	C	0.07%
	COIN	F	0.07%
	SNOW	F	0.07%
	NUE	C	0.07%
	SQ	D	0.07%
	IR	B	0.07%
	EXR	C	0.07%
	IT	B	0.07%
	DOW	B	0.07%
	ODFL	F	0.07%
	OXY	D	0.07%
	EXC	A	0.07%
	YUM	B	0.07%
	OTIS	A	0.07%
	CTSH	B	0.07%
	HES	C	0.07%
	KDP	C	0.07%
	DELL	C	0.06%
	TSCO	B	0.06%
	FITB	C	0.06%
	WEC	A	0.06%
	VST	B	0.06%
	WAB	B	0.06%
	NDAQ	B	0.06%
	VRT	B	0.06%
	BIIB	F	0.06%
	WTW	C	0.06%
	EBAY	A	0.06%
	ADM	F	0.06%
	PPG	D	0.06%
	MTD	B	0.06%
	ROK	C	0.06%
	KHC	F	0.06%
	LULU	D	0.06%
	CSGP	F	0.06%
	VEEV	C	0.06%
	GLW	C	0.06%
	AVB	C	0.06%
	TRGP	A	0.06%
	CHTR	D	0.06%
	IRM	A	0.06%
	XYL	C	0.06%
	ALNY	C	0.06%
	EIX	B	0.06%
	ON	F	0.06%
	PPL	B	0.05%
	GDDY	D	0.05%
	ES	D	0.05%
	FCNCA	D	0.05%
	SBAC	C	0.05%
	APP	A	0.05%
	HUBS	D	0.05%
	DECK	B	0.05%
	NET	D	0.05%
	CHD	D	0.05%
	VTR	C	0.05%
	BR	B	0.05%
	MRNA	F	0.05%
	BRO	A	0.05%
	HPE	B	0.05%
	FE	C	0.05%
	LYB	F	0.05%
	DOV	B	0.05%
	CPNG	C	0.05%
	ETR	A	0.05%
	DTE	A	0.05%
	TEAM	D	0.05%
	ARES	A	0.05%
	FTV	C	0.05%
	AXON	A	0.05%
	STT	C	0.05%
	IFF	C	0.05%
	DAL	C	0.05%
	HAL	D	0.05%
	DXCM	F	0.05%
	CAH	B	0.05%
	PHM	A	0.05%
	AWK	C	0.05%
	ANSS	D	0.05%
	DVN	F	0.05%
	GPN	F	0.05%
	EQR	C	0.05%
	GRMN	D	0.05%
	MTB	C	0.05%
	HSY	F	0.05%
	NRG	A	0.04%
	DG	F	0.04%
	EME	C	0.04%
	ZS	F	0.04%
	TRU	A	0.04%
	HOLX	D	0.04%
	DRI	C	0.04%
	MAA	D	0.04%
	J	F	0.04%
	LII	C	0.04%
	PINS	C	0.04%
	PFG	C	0.04%
	WBD	D	0.04%
	ESS	D	0.04%
	BAX	D	0.04%
	APTV	D	0.04%
	CLX	C	0.04%
	ATO	A	0.04%
	CFG	D	0.04%
	BALL	C	0.04%
	MDB	D	0.04%
	CMS	A	0.04%
	MKC	C	0.04%
	MOH	D	0.04%
	TDY	A	0.04%
	BAH	A	0.04%
	MKL	C	0.04%
	ARE	D	0.04%
	MSTR	B	0.04%
	BLDR	B	0.04%
	CINF	B	0.04%
	TER	C	0.04%
	EL	D	0.04%
	K	A	0.04%
	PTC	D	0.04%
	WDC	C	0.04%
	LDOS	A	0.04%
	HUBB	B	0.04%
	RF	C	0.04%
	HBAN	D	0.04%
	CBOE	B	0.04%
	BBY	C	0.04%
	SMCI	F	0.04%
	CPAY	A	0.04%
	AEE	A	0.04%
	WY	C	0.04%
	RBLX	D	0.04%
	INVH	F	0.04%
	RJF	B	0.04%
	TROW	D	0.04%
	POOL	B	0.03%
	XPO	F	0.03%
	DT	B	0.03%
	RNR	A	0.03%
	EVRG	C	0.03%
	CASY	D	0.03%
	KMX	F	0.03%
	IBKR	A	0.03%
	HOOD	C	0.03%
	REG	C	0.03%
	NTRA	B	0.03%
	ACM	A	0.03%
	ELS	D	0.03%
	DKS	D	0.03%
	AMH	D	0.03%
	GLPI	A	0.03%
	USFD	C	0.03%
	TW	A	0.03%
	EQH	C	0.03%
	LVS	B	0.03%
	GGG	C	0.03%
	ROL	C	0.03%
	PODD	C	0.03%
	JBHT	D	0.03%
	BG	F	0.03%
	VTRS	D	0.03%
	UAL	B	0.03%
	DPZ	D	0.03%
	NDSN	C	0.03%
	RGA	C	0.03%
	CE	C	0.03%
	OC	C	0.03%
	UDR	C	0.03%
	RPM	B	0.03%
	NI	A	0.03%
	L	D	0.03%
	LNT	A	0.03%
	PSTG	F	0.03%
	AKAM	D	0.03%
	FNF	B	0.03%
	KIM	C	0.03%
	LYV	B	0.03%
	NTNX	C	0.03%
	DKNG	D	0.03%
	RBA	D	0.03%
	IEX	D	0.03%
	DOC	C	0.03%
	KEY	C	0.03%
	CVNA	A	0.03%
	UTHR	C	0.03%
	ENPH	F	0.03%
	FDS	C	0.03%
	THC	D	0.03%
	MANH	C	0.03%
	SSNC	C	0.03%
	TPL	A	0.03%
	RS	D	0.03%
	HEI	C	0.03%
	MRO	C	0.03%
	CCL	C	0.03%
	WSO	C	0.03%
	AMCR	C	0.03%
	SUI	D	0.03%
	IP	C	0.03%
	LPLA	C	0.03%
	EG	B	0.03%
	ULTA	D	0.03%
	WSM	B	0.03%
	LUV	B	0.03%
	ZM	C	0.03%
	BMRN	F	0.03%
	CNP	B	0.03%
	DLTR	F	0.03%
	TXT	F	0.03%
	DGX	C	0.03%
	ENTG	D	0.03%
	EXPD	D	0.03%
	AVTR	D	0.03%
	EXPE	B	0.03%
	ZBRA	C	0.03%
	SWKS	F	0.03%
	ALGN	D	0.03%
	STLD	B	0.03%
	TSN	D	0.03%
	OGE	A	0.02%
	AR	B	0.02%
	BWA	C	0.02%
	WYNN	B	0.02%
	CRUS	D	0.02%
	ATI	C	0.02%
	ELF	F	0.02%
	BERY	C	0.02%
	CNM	F	0.02%
	WEX	C	0.02%
	MKSI	F	0.02%
	WBS	D	0.02%
	LAD	C	0.02%
	AXTA	C	0.02%
	FMC	C	0.02%
	HLI	B	0.02%
	DINO	D	0.02%
	AA	B	0.02%
	FCN	C	0.02%
	APG	F	0.02%
	ACI	F	0.02%
	MHK	B	0.02%
	CZR	B	0.02%
	KNX	D	0.02%
	BRX	C	0.02%
	GMED	D	0.02%
	COLD	D	0.02%
	PAYC	D	0.02%
	Z	C	0.02%
	DAY	B	0.02%
	CIEN	A	0.02%
	NNN	A	0.02%
	MORN	C	0.02%
	RGEN	F	0.02%
	X	F	0.02%
	GLOB	C	0.02%
	ROKU	B	0.02%
	RBC	C	0.02%
	DCI	C	0.02%
	NYT	C	0.02%
	TPX	C	0.02%
	WAL	C	0.02%
	SOLV	C	0.02%
	INGR	B	0.02%
	CHE	C	0.02%
	SCCO	B	0.02%
	MKTX	B	0.02%
	SF	A	0.02%
	EVR	C	0.02%
	LW	D	0.02%
	OWL	A	0.02%
	CG	B	0.02%
	EGP	D	0.02%
	PR	D	0.02%
	HSIC	D	0.02%
	MEDP	F	0.02%
	CNH	D	0.02%
	FHN	D	0.02%
	GPK	D	0.02%
	OLED	C	0.02%
	MOS	F	0.02%
	EHC	B	0.02%
	RGLD	C	0.02%
	CHRD	F	0.02%
	SNX	D	0.02%
	MGM	C	0.02%
	KBR	B	0.02%
	GNRC	B	0.02%
	TPR	C	0.02%
	SKX	D	0.02%
	HRL	F	0.02%
	TAP	D	0.02%
	ARMK	B	0.02%
	HAS	B	0.02%
	FRT	D	0.02%
	CPB	D	0.02%
	AFG	B	0.02%
	CHDN	D	0.02%
	WTRG	D	0.02%
	FOXA	A	0.02%
	OHI	C	0.02%
	DOX	B	0.02%
	MUSA	D	0.02%
	MTCH	B	0.02%
	WWD	C	0.02%
	PNW	B	0.02%
	LNW	F	0.02%
	ATR	A	0.02%
	AFRM	C	0.02%
	AOS	B	0.02%
	CRL	F	0.02%
	QGEN	F	0.02%
	APA	F	0.02%
	WMS	D	0.02%
	ONTO	C	0.02%
	UNM	A	0.02%
	CACI	A	0.02%
	LECO	F	0.02%
	JEF	A	0.02%
	REXR	D	0.02%
	CTLT	A	0.02%
	LAMR	C	0.02%
	SCI	D	0.02%
	TOST	B	0.02%
	LKQ	F	0.02%
	QRVO	F	0.02%
	EPAM	F	0.02%
	EXAS	C	0.02%
	RRX	C	0.02%
	NVT	D	0.02%
	HEI	C	0.02%
	TXRH	C	0.02%
	ITT	C	0.02%
	TFX	C	0.02%
	WING	C	0.02%
	PFGC	A	0.02%
	OVV	D	0.02%
	TECH	D	0.02%
	FTI	B	0.02%
	CUBE	C	0.02%
	BXP	C	0.02%
	SJM	D	0.02%
	FND	C	0.02%
	CW	A	0.02%
	CHRW	C	0.02%
	JLL	C	0.02%
	EMN	C	0.02%
	ALLE	A	0.02%
	SW	C	0.02%
	DOCU	B	0.02%
	INCY	B	0.02%
	AES	C	0.02%
	HST	D	0.02%
	SRPT	F	0.02%
	FIX	B	0.02%
	JNPR	B	0.02%
	BLD	D	0.02%
	JKHY	A	0.02%
	NBIX	F	0.02%
	TTEK	A	0.02%
	WPC	C	0.02%
	CPT	C	0.02%
	RNG	D	0.01%
	COLM	D	0.01%
	AAP	F	0.01%
	RKT	D	0.01%
	SPB	C	0.01%
	MPW	C	0.01%
	DV	F	0.01%
	TDC	D	0.01%
	CLVT	D	0.01%
	CWEN	C	0.01%
	BROS	F	0.01%
	BHF	F	0.01%
	NWS	D	0.01%
	SMG	B	0.01%
	CACC	F	0.01%
	CXT	F	0.01%
	ZG	C	0.01%
	NWL	F	0.01%
	CC	D	0.01%
	WEN	D	0.01%
	IRDM	B	0.01%
	ZI	D	0.01%
	NVST	D	0.01%
	TNL	C	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	PEGA	C	0.01%
	PK	D	0.01%
	HCP	A	0.01%
	HIW	C	0.01%
	MAN	D	0.01%
	YETI	C	0.01%
	LCID	D	0.01%
	HUN	C	0.01%
	CHH	C	0.01%
	CNXC	F	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	DXC	B	0.01%
	LSXMK	D	0.01%
	MSGS	A	0.01%
	NEU	F	0.01%
	LITE	A	0.01%
	APLS	F	0.01%
	IAC	D	0.01%
	PRGO	F	0.01%
	CPRI	B	0.01%
	WU	D	0.01%
	BYD	C	0.01%
	SPR	F	0.01%
	FIVE	D	0.01%
	TPG	B	0.01%
	AGO	B	0.01%
	KRC	C	0.01%
	FLO	D	0.01%
	M	F	0.01%
	PSN	A	0.01%
	CUZ	C	0.01%
	GAP	F	0.01%
	DOCS	A	0.01%
	PII	D	0.01%
	ASH	F	0.01%
	HOG	D	0.01%
	GFS	F	0.01%
	AN	D	0.01%
	ALK	C	0.01%
	WTM	C	0.01%
	RYN	C	0.01%
	OZK	D	0.01%
	EEFT	F	0.01%
	RARE	D	0.01%
	U	D	0.01%
	JHG	B	0.01%
	SLM	C	0.01%
	AVT	C	0.01%
	AL	D	0.01%
	PATH	F	0.01%
	WLK	C	0.01%
	FOUR	B	0.01%
	FOX	A	0.01%
	IDA	D	0.01%
	MDU	C	0.01%
	SEE	D	0.01%
	MASI	B	0.01%
	UGI	C	0.01%
	APPF	C	0.01%
	NXST	F	0.01%
	OLN	C	0.01%
	HXL	F	0.01%
	XRAY	D	0.01%
	WHR	C	0.01%
	INSP	C	0.01%
	BC	D	0.01%
	AWI	A	0.01%
	S	D	0.01%
	SON	D	0.01%
	NFG	A	0.01%
	FNB	D	0.01%
	SRCL	A	0.01%
	OLLI	C	0.01%
	LNC	D	0.01%
	TKR	D	0.01%
	AMG	B	0.01%
	OMF	F	0.01%
	ST	F	0.01%
	GTLB	D	0.01%
	AGCO	D	0.01%
	PVH	F	0.01%
	BILL	D	0.01%
	VMI	B	0.01%
	GXO	D	0.01%
	POST	D	0.01%
	BEN	F	0.01%
	OGN	F	0.01%
	VNO	A	0.01%
	PARA	F	0.01%
	ESAB	C	0.01%
	ESI	C	0.01%
	MTSI	C	0.01%
	AZEK	C	0.01%
	CLF	F	0.01%
	CIVI	F	0.01%
	STWD	C	0.01%
	ESTC	F	0.01%
	WH	C	0.01%
	GME	D	0.01%
	VFC	B	0.01%
	IVZ	B	0.01%
	PCOR	D	0.01%
	SMAR	A	0.01%
	FRPT	C	0.01%
	SN	A	0.01%
	RHI	D	0.01%
	ETSY	F	0.01%
	SITE	D	0.01%
	FAF	C	0.01%
	LSTR	F	0.01%
	PB	D	0.01%
	FLS	B	0.01%
	LSCC	D	0.01%
	AAON	B	0.01%
	DAR	F	0.01%
	BIO	B	0.01%
	CFR	D	0.01%
	LEA	F	0.01%
	H	C	0.01%
	WBA	F	0.01%
	RYAN	A	0.01%
	MTDR	F	0.01%
	CELH	F	0.01%
	SNV	D	0.01%
	LFUS	D	0.01%
	MTN	D	0.01%
	VKTX	B	0.01%
	SAIC	A	0.01%
	TREX	D	0.01%
	G	A	0.01%
	SEIC	B	0.01%
	LBRDK	B	0.01%
	UHAL	B	0.01%
	NOV	F	0.01%
	MTZ	A	0.01%
	PCTY	B	0.01%
	CGNX	F	0.01%
	WSC	D	0.01%
	IONS	F	0.01%
	BBWI	F	0.01%
	SWN	D	0.01%
	AAL	D	0.01%
	BRKR	D	0.01%
	ZION	D	0.01%
	KEX	C	0.01%
	WTFC	C	0.01%
	ADC	B	0.01%
	PLNT	B	0.01%
	GNTX	D	0.01%
	FYBR	C	0.01%
	AGNC	C	0.01%
	RRC	B	0.01%
	VOYA	A	0.01%
	WCC	D	0.01%
	BSY	D	0.01%
	STAG	D	0.01%
	ARW	C	0.01%
	BRBR	A	0.01%
	BPOP	D	0.01%
	FR	D	0.01%
	CRBG	B	0.01%
	CMA	C	0.01%
	MIDD	D	0.01%
	PEN	D	0.01%
	ACHC	F	0.01%
	XP	F	0.01%
	ITCI	D	0.01%
	WFRD	F	0.01%
	DVA	C	0.01%
	DTM	A	0.01%
	ELAN	C	0.01%
	CR	C	0.01%
	NCLH	C	0.01%
	COKE	C	0.01%
	SSD	B	0.01%
	DUOL	B	0.01%
	AMC	F	0.0%
	SEG	D	0.0%
	LEN	B	0.0%
	CWEN	C	0.0%
	PLTK	C	0.0%
	UHAL	B	0.0%
	SIRI	C	0.0%
	TFSL	F	0.0%
	NFE	F	0.0%
	UI	A	0.0%
	SEB	F	0.0%
	PYCR	D	0.0%
	LBRDA	B	0.0%
	DDS	D	0.0%
	DJT	F	0.0%
	UA	B	0.0%
	CNA	D	0.0%
	SNDR	C	0.0%
	CERT	F	0.0%
	CAR	F	0.0%
	TRIP	F	0.0%
	INFA	D	0.0%
	REYN	D	0.0%
	UAA	B	0.0%
	GO	F	0.0%
	ALGM	F	0.0%
	IPGP	D	0.0%
	VSTS	D	0.0%
	SHC	C	0.0%
	QS	F	0.0%
	FTRE	F	0.0%
	ADTN	C	0.0%
	KSS	D	0.0%
	RCM	B	0.0%
	JWN	D	0.0%
	BOKF	D	0.0%
	FIVN	F	0.0%
	PINC	F	0.0%
	CRI	D	0.0%
	ENOV	F	0.0%
	VIRT	B	0.0%
	NCNO	D	0.0%
	AGR	B	0.0%
	VAC	D	0.0%

VONE Underweight 170 Positions Relative to FTLS

	Symbol	Grade	Weight
	CME	A	-1.55%
	PBR	B	-0.77%
	INSM	D	-0.56%
	NVS	D	-0.47%
	EAT	A	-0.43%
	ZIM	C	-0.43%
	GEN	B	-0.42%
	FLEX	C	-0.4%
	ASO	D	-0.33%
	CRS	C	-0.32%
	PI	B	-0.31%
	SPYV	A	-0.26%
	IWD	A	-0.26%
	SCHV	A	-0.26%
	CNK	D	-0.22%
	STNG	C	-0.21%
	WHD	B	-0.19%
	TWST	D	-0.19%
	MGY	B	-0.18%
	ADMA	C	-0.17%
	GLBE	C	-0.16%
	OPCH	F	-0.16%
	ALKS	B	-0.16%
	LOGI	D	-0.15%
	UMBF	C	-0.14%
	CRC	B	-0.14%
	SFM	A	-0.13%
	SIGI	D	-0.13%
	MATX	C	-0.13%
	CALM	A	-0.13%
	PAA	C	-0.13%
	CBT	C	-0.13%
	CSWI	C	-0.12%
	GMS	C	-0.12%
	SKYW	C	-0.12%
	GFF	C	-0.12%
	ZWS	A	-0.11%
	SMPL	D	-0.11%
	WGO	D	-0.11%
	HESM	C	-0.11%
	GRBK	C	-0.11%
	BFH	D	-0.11%
	YOU	C	-0.11%
	MMS	C	-0.11%
	KRG	C	-0.11%
	RDFN	C	-0.11%
	LCII	C	-0.1%
	VRNA	B	-0.1%
	ESNT	C	-0.1%
	DBRG	D	-0.1%
	FTDR	C	-0.1%
	ENLC	A	-0.1%
	TCBI	C	-0.09%
	PRGS	B	-0.09%
	FOLD	F	-0.09%
	EXTR	C	-0.09%
	TBBK	B	-0.09%
	ABM	D	-0.09%
	LANC	F	-0.08%
	GBCI	C	-0.08%
	MQ	F	-0.08%
	VCYT	C	-0.08%
	KFY	C	-0.08%
	BOH	D	-0.07%
	REVG	D	-0.07%
	UBSI	D	-0.07%
	MYGN	D	-0.07%
	BCRX	D	-0.07%
	OTEX	D	-0.07%
	NMIH	C	-0.07%
	AVNT	C	-0.07%
	CARG	C	-0.07%
	AZZ	C	-0.07%
	CUBI	F	-0.07%
	TRMD	D	-0.07%
	ROIC	C	-0.06%
	PLMR	B	-0.06%
	COLL	B	-0.06%
	AMPH	C	-0.06%
	EBC	D	-0.06%
	GSL	B	-0.06%
	WFG	A	-0.06%
	BRC	C	-0.06%
	PBH	D	-0.06%
	ICFI	C	-0.06%
	ADUS	D	-0.06%
	PAYO	A	-0.06%
	PLXS	B	-0.06%
	SUPN	D	-0.05%
	CDNA	B	-0.05%
	AUB	D	-0.05%
	VIST	C	--0.02%
	PAR	D	--0.02%
	VSAT	F	--0.02%
	CBU	D	--0.02%
	AER	D	--0.02%
	NVEE	F	--0.02%
	ARM	C	--0.02%
	ENS	D	--0.02%
	LKFN	F	--0.02%
	IBOC	D	--0.02%
	APPN	B	--0.03%
	ENR	B	--0.03%
	FFIN	D	--0.03%
	RDY	D	--0.03%
	IRTC	F	--0.03%
	ICHR	D	--0.03%
	MARA	F	--0.03%
	DIOD	F	--0.03%
	PRCT	C	--0.03%
	CNNE	F	--0.03%
	GPRE	F	--0.03%
	GKOS	C	--0.03%
	ASPN	D	--0.03%
	PSMT	C	--0.03%
	ARLO	F	--0.03%
	OSIS	C	--0.03%
	TFIN	F	--0.03%
	LMND	F	--0.03%
	UPST	C	--0.03%
	SDGR	F	--0.03%
	BE	F	--0.03%
	RUN	D	--0.03%
	CRDO	B	--0.03%
	ATEC	F	--0.03%
	RXST	F	--0.03%
	HLN	C	--0.03%
	FRO	B	--0.03%
	ACIW	B	--0.04%
	GATX	F	--0.04%
	AMRC	C	--0.04%
	ERJ	C	--0.04%
	AMRK	B	--0.04%
	UTZ	D	--0.04%
	BVN	C	--0.04%
	NEOG	F	--0.04%
	ACVA	C	--0.05%
	ZD	D	--0.05%
	AEO	C	--0.06%
	MUFG	F	--0.06%
	VRRM	D	--0.06%
	MMYT	D	--0.07%
	KTOS	A	--0.07%
	AVAV	B	--0.07%
	SE	B	--0.07%
	SSB	C	--0.07%
	VAL	F	--0.07%
	NXPI	F	--0.09%
	DY	C	--0.09%
	CCOI	B	--0.09%
	ARGX	B	--0.1%
	HAE	D	--0.1%
	IDCC	A	--0.11%
	STM	F	--0.12%
	NSIT	B	--0.12%
	ING	D	--0.12%
	HQY	C	--0.12%
	TM	D	--0.16%
	ASX	D	--0.16%
	INFY	C	--0.17%
	GSK	F	--0.2%
	FMX	F	--0.22%
	HSBC	A	--0.22%
	CCEP	D	--0.24%
	DEO	C	--0.27%
	SAP	C	--0.28%
	UL	D	--0.35%
	BABA	B	--0.35%
	HDB	D	--0.41%
	ASML	F	--0.52%

VONE: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Business Services Asset Management Biotechnology Software - Infrastructure Utilities - Regulated Electric Oil & Gas E&P Semiconductors Specialty Retail Diagnostics & Research Capital Markets Information Technology Services Insurance - Property & Casualty Packaged Foods Specialty Chemicals Aerospace & Defense Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Bank Banking Real Estate Investment Trust Aerospace Chemical Electricity Mining Telecommunications Medicine Semiconductor Insurance Products Dow Jones Component IBD 50 Biotechnology

FTLS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Semiconductors Software - Infrastructure Biotechnology Insurance - Property & Casualty Business Services Building Materials Diversified Industrials Oil & Gas E&P Aerospace & Defense Diagnostics & Research Medical Instruments & Supplies Specialty Retail Banks - Global Information Technology Services Oil & Gas Midstream Packaged Foods Drug Manufacturers - Specialty & Generic Electronic Components

Keywords: S&P 500 Nasdaq 100 Computing Banking Bank Insurance Electronics Aerospace Chemical Natural Gas Dow Jones Component Mining Semiconductor Transport Insurance Products Medicine Cloud Computing Mobile Devices Integrated Circuits Petroleum Industry