VONE vs. NZAC ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$254.87

Average Daily Volume

61,401

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$36.46

Average Daily Volume

14,045

Number of Holdings ^*

366

* may have additional holdings in another (foreign) market

Performance

Period	VONE	NZAC
30 Days	1.49%	2.50%
60 Days	1.85%	3.55%
90 Days	3.13%	5.01%
12 Months	27.79%	25.48%

336 Overlapping Holdings

	Symbol	Grade	Weight in VONE	Weight in NZAC	Overlap
	A	C	0.08%	0.06%	0.06%
	AAPL	D	6.35%	4.53%	4.53%
	ABBV	B	0.65%	0.42%	0.42%
	ABBV	B	0.65%	0.62%	0.62%
	ABNB	D	0.12%	0.04%	0.04%
	ABT	B	0.36%	0.2%	0.2%
	ACGL	A	0.07%	0.14%	0.07%
	ACM	B	0.02%	0.33%	0.02%
	ACN	C	0.41%	0.39%	0.39%
	ADBE	D	0.49%	0.42%	0.42%
	ADI	D	0.23%	0.52%	0.23%
	ADP	A	0.21%	0.19%	0.19%
	ADSK	B	0.1%	0.08%	0.08%
	AFG	B	0.02%	0.07%	0.02%
	AFL	B	0.11%	0.29%	0.11%
	AIG	D	0.11%	0.15%	0.11%
	AIZ	C	0.02%	0.08%	0.02%
	AJG	A	0.12%	0.08%	0.08%
	ALB	D	0.02%	0.01%	0.01%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.09%	0.14%	0.09%
	ALLE	A	0.02%	0.09%	0.02%
	ALLY	F	0.02%	0.02%	0.02%
	ALNY	C	0.06%	0.04%	0.04%
	AMAT	D	0.35%	0.13%	0.13%
	AMD	D	0.46%	0.29%	0.29%
	AME	D	0.08%	0.15%	0.08%
	AMGN	B	0.35%	0.25%	0.25%
	AMP	B	0.08%	0.13%	0.08%
	AMT	B	0.2%	0.13%	0.13%
	AMZN	C	3.42%	2.1%	2.1%
	ANET	C	0.18%	0.06%	0.06%
	ANSS	D	0.05%	0.01%	0.01%
	AON	B	0.13%	0.1%	0.1%
	APH	D	0.15%	0.1%	0.1%
	APO	C	0.13%	0.12%	0.12%
	AVB	B	0.06%	0.12%	0.06%
	AVGO	C	1.44%	1.06%	1.06%
	AVTR	B	0.04%	0.03%	0.03%
	AXON	A	0.04%	0.04%	0.04%
	AXP	B	0.28%	0.33%	0.28%
	AZO	C	0.11%	0.1%	0.1%
	BAC	D	0.54%	0.39%	0.39%
	BAH	B	0.04%	0.03%	0.03%
	BAX	C	0.04%	0.03%	0.03%
	BBWI	F	0.02%	0.01%	0.01%
	BDX	D	0.14%	0.12%	0.12%
	BIIB	F	0.06%	0.04%	0.04%
	BIO	C	0.01%	0.01%	0.01%
	BK	A	0.1%	0.11%	0.1%
	BKNG	B	0.25%	0.18%	0.18%
	BLK	A	0.25%	0.24%	0.24%
	BMRN	F	0.03%	0.02%	0.02%
	BMY	C	0.19%	0.22%	0.19%
	BR	B	0.05%	0.08%	0.05%
	BRK.A	C	1.58%	0.41%	0.41%
	BRO	B	0.05%	0.05%	0.05%
	BSX	B	0.21%	0.3%	0.21%
	BURL	B	0.03%	0.03%	0.03%
	BX	A	0.2%	0.15%	0.15%
	BXP	A	0.02%	0.07%	0.02%
	C	D	0.24%	0.01%	0.01%
	CARR	A	0.11%	0.03%	0.03%
	CB	B	0.22%	0.25%	0.22%
	CBOE	B	0.04%	0.03%	0.03%
	CBRE	B	0.07%	0.16%	0.07%
	CCI	B	0.09%	0.08%	0.08%
	CDW	D	0.06%	0.17%	0.06%
	CEG	C	0.12%	0.03%	0.03%
	CG	D	0.02%	0.01%	0.01%
	CHD	B	0.05%	0.1%	0.05%
	CHTR	D	0.07%	0.07%	0.07%
	CINF	B	0.04%	0.06%	0.04%
	CLX	B	0.03%	0.01%	0.01%
	CMCSA	D	0.32%	0.23%	0.23%
	CME	B	0.14%	0.12%	0.12%
	CMG	C	0.15%	0.07%	0.07%
	COF	D	0.11%	0.11%	0.11%
	COIN	F	0.09%	0.02%	0.02%
	CPAY	C	0.04%	0.04%	0.04%
	CPRT	F	0.09%	0.04%	0.04%
	CRM	D	0.48%	0.33%	0.33%
	CRWD	D	0.1%	0.01%	0.01%
	CSCO	C	0.39%	0.36%	0.36%
	CSGP	D	0.06%	0.03%	0.03%
	CSX	D	0.13%	0.09%	0.09%
	CTAS	B	0.13%	0.04%	0.04%
	CTLT	B	0.02%	0.02%	0.02%
	CTSH	B	0.07%	0.08%	0.07%
	DASH	C	0.08%	0.02%	0.02%
	DE	B	0.19%	0.14%	0.14%
	DFS	C	0.07%	0.07%	0.07%
	DGX	B	0.03%	0.02%	0.02%
	DHI	B	0.11%	0.07%	0.07%
	DHR	B	0.36%	0.23%	0.23%
	DIS	D	0.34%	0.23%	0.23%
	DLR	A	0.09%	0.34%	0.09%
	DLTR	F	0.04%	0.02%	0.02%
	DOC	B	0.03%	0.01%	0.01%
	DOCU	C	0.02%	0.01%	0.01%
	DXCM	F	0.05%	0.03%	0.03%
	EA	C	0.08%	0.01%	0.01%
	EBAY	A	0.06%	0.13%	0.06%
	ECL	A	0.11%	0.06%	0.06%
	EFX	B	0.07%	0.03%	0.03%
	EG	B	0.03%	0.03%	0.03%
	EIX	B	0.06%	0.88%	0.06%
	EL	F	0.05%	0.05%	0.05%
	ELV	B	0.24%	0.24%	0.24%
	ENPH	D	0.03%	0.1%	0.03%
	EPAM	D	0.02%	0.01%	0.01%
	EQH	C	0.03%	0.09%	0.03%
	EQIX	B	0.15%	0.31%	0.15%
	EQR	B	0.05%	0.08%	0.05%
	ESS	A	0.04%	0.1%	0.04%
	ETN	C	0.24%	0.24%	0.24%
	EW	D	0.07%	0.11%	0.07%
	EXAS	C	0.02%	0.01%	0.01%
	EXR	A	0.07%	0.05%	0.05%
	FAST	C	0.08%	0.14%	0.08%
	FDS	C	0.03%	0.01%	0.01%
	FFIV	A	0.02%	0.16%	0.02%
	FIS	A	0.08%	0.06%	0.06%
	FOX	C	0.01%	0.03%	0.01%
	FOXA	C	0.02%	0.03%	0.02%
	FSLR	D	0.05%	0.19%	0.05%
	FTNT	B	0.07%	0.07%	0.07%
	FTV	C	0.05%	0.09%	0.05%
	GDDY	D	0.04%	0.03%	0.03%
	GILD	B	0.19%	0.06%	0.06%
	GIS	B	0.07%	0.1%	0.07%
	GLW	C	0.06%	0.18%	0.06%
	GOOG	D	1.68%	1.36%	1.36%
	GOOGL	D	1.98%	0.97%	0.97%
	GPN	C	0.05%	0.05%	0.05%
	GRMN	D	0.05%	0.07%	0.05%
	GS	D	0.32%	0.05%	0.05%
	GWW	B	0.08%	0.18%	0.08%
	HBAN	B	0.04%	0.02%	0.02%
	HD	B	0.72%	0.54%	0.54%
	HEI	A	0.03%	0.02%	0.02%
	HEI	A	0.02%	0.02%	0.02%
	HIG	B	0.06%	0.13%	0.06%
	HLT	B	0.1%	0.02%	0.02%
	HOLX	B	0.04%	0.05%	0.04%
	HPE	F	0.05%	0.14%	0.05%
	HSIC	D	0.02%	0.05%	0.02%
	HSY	B	0.06%	0.06%	0.06%
	HUM	F	0.09%	0.09%	0.09%
	IBM	A	0.35%	0.61%	0.35%
	ICE	B	0.17%	0.14%	0.14%
	IDXX	C	0.08%	0.07%	0.07%
	IEX	D	0.03%	0.04%	0.03%
	ILMN	C	0.04%	0.04%	0.04%
	INCY	C	0.02%	0.01%	0.01%
	INTC	F	0.26%	0.15%	0.15%
	INTU	C	0.35%	0.29%	0.29%
	IPG	C	0.02%	0.02%	0.02%
	IQV	C	0.09%	0.14%	0.09%
	IRM	A	0.06%	0.06%	0.06%
	ISRG	B	0.31%	0.29%	0.29%
	IT	B	0.07%	0.03%	0.03%
	ITW	B	0.14%	0.31%	0.14%
	JKHY	A	0.02%	0.01%	0.01%
	JNJ	B	0.75%	0.69%	0.69%
	JNPR	B	0.02%	0.15%	0.02%
	JPM	D	1.2%	1.01%	1.01%
	KDP	B	0.07%	0.09%	0.07%
	KEYS	C	0.05%	0.07%	0.05%
	KKR	B	0.16%	0.1%	0.1%
	KLAC	D	0.22%	0.18%	0.18%
	KVUE	B	0.07%	0.01%	0.01%
	LEN	B	0.09%	0.07%	0.07%
	LEN	B	0.0%	0.07%	0.0%
	LIN	B	0.43%	0.08%	0.08%
	LKQ	D	0.02%	0.03%	0.02%
	LLY	C	1.35%	1.23%	1.23%
	LOW	B	0.28%	0.24%	0.24%
	LRCX	F	0.24%	0.11%	0.11%
	LULU	D	0.06%	0.07%	0.06%
	LYV	C	0.03%	0.03%	0.03%
	MA	A	0.75%	0.62%	0.62%
	MAR	D	0.11%	0.02%	0.02%
	MAS	B	0.03%	0.01%	0.01%
	MCD	B	0.38%	0.37%	0.37%
	MCO	B	0.14%	0.24%	0.14%
	MDT	B	0.21%	0.24%	0.21%
	MET	B	0.09%	0.21%	0.09%
	META	B	2.05%	1.54%	1.54%
	MKC	B	0.04%	0.01%	0.01%
	MKL	C	0.04%	0.07%	0.04%
	MKTX	C	0.02%	0.01%	0.01%
	MMC	A	0.22%	0.21%	0.21%
	MMM	A	0.14%	0.03%	0.03%
	MNST	C	0.08%	0.03%	0.03%
	MOH	C	0.04%	0.02%	0.02%
	MRK	D	0.56%	0.58%	0.56%
	MRNA	F	0.08%	0.02%	0.02%
	MRVL	C	0.11%	0.1%	0.1%
	MS	D	0.24%	0.2%	0.2%
	MSFT	C	6.12%	4.1%	4.1%
	MSI	B	0.13%	0.25%	0.13%
	MSTR	D	0.05%	0.01%	0.01%
	MTB	B	0.06%	0.08%	0.06%
	MTCH	C	0.02%	0.01%	0.01%
	MTD	D	0.06%	0.07%	0.06%
	MU	F	0.24%	0.08%	0.08%
	NBIX	D	0.03%	0.01%	0.01%
	NDAQ	B	0.05%	0.04%	0.04%
	NEM	B	0.11%	0.11%	0.11%
	NFLX	B	0.53%	0.42%	0.42%
	NKE	D	0.18%	0.12%	0.12%
	NOW	B	0.33%	0.33%	0.33%
	NSC	C	0.11%	0.04%	0.04%
	NTAP	D	0.05%	0.06%	0.05%
	NTRS	B	0.04%	0.04%	0.04%
	NVDA	D	5.48%	3.61%	3.61%
	NVR	B	0.05%	0.03%	0.03%
	O	B	0.1%	0.08%	0.08%
	ODFL	D	0.08%	0.02%	0.02%
	OMC	B	0.04%	0.03%	0.03%
	ORCL	B	0.43%	0.47%	0.43%
	ORLY	B	0.13%	0.18%	0.13%
	PANW	C	0.2%	0.13%	0.13%
	PAYC	D	0.02%	0.01%	0.01%
	PAYX	B	0.08%	0.08%	0.08%
	PCAR	D	0.1%	0.05%	0.05%
	PFE	C	0.34%	0.22%	0.22%
	PGR	B	0.25%	0.23%	0.23%
	PH	B	0.14%	0.22%	0.14%
	PHM	B	0.05%	0.04%	0.04%
	PINS	F	0.04%	0.01%	0.01%
	PLD	B	0.23%	0.25%	0.23%
	PLTR	B	0.11%	0.03%	0.03%
	PNC	B	0.14%	0.17%	0.14%
	PNR	A	0.03%	0.19%	0.03%
	PODD	B	0.03%	0.02%	0.02%
	POOL	C	0.03%	0.02%	0.02%
	PPG	C	0.06%	0.11%	0.06%
	PRU	C	0.09%	0.14%	0.09%
	PSA	A	0.09%	0.12%	0.09%
	PWR	C	0.08%	0.2%	0.08%
	PYPL	B	0.14%	0.11%	0.11%
	QCOM	D	0.4%	0.28%	0.28%
	QGEN	B	0.02%	0.01%	0.01%
	REG	B	0.02%	0.08%	0.02%
	REGN	C	0.22%	0.16%	0.16%
	RF	C	0.04%	0.06%	0.04%
	RIVN	F	0.03%	0.01%	0.01%
	RJF	C	0.04%	0.03%	0.03%
	RMD	B	0.06%	0.08%	0.06%
	ROK	D	0.06%	0.08%	0.06%
	ROL	B	0.03%	0.02%	0.02%
	ROP	B	0.11%	0.02%	0.02%
	ROST	C	0.09%	0.1%	0.09%
	RPRX	C	0.02%	0.02%	0.02%
	RS	D	0.03%	0.08%	0.03%
	SBAC	B	0.05%	0.03%	0.03%
	SBUX	C	0.17%	0.15%	0.15%
	SCCO	D	0.02%	0.07%	0.02%
	SCHW	D	0.19%	0.15%	0.15%
	SEIC	C	0.01%	0.02%	0.01%
	SHW	A	0.16%	0.56%	0.16%
	SMCI	F	0.07%	0.02%	0.02%
	SNA	B	0.03%	0.01%	0.01%
	SNOW	F	0.08%	0.02%	0.02%
	SPG	B	0.1%	0.14%	0.1%
	SPGI	A	0.3%	0.4%	0.3%
	SQ	D	0.07%	0.02%	0.02%
	SQ	D	0.07%	0.01%	0.01%
	STE	B	0.05%	0.03%	0.03%
	STLD	F	0.04%	0.01%	0.01%
	STT	B	0.05%	0.02%	0.02%
	STZ	C	0.08%	0.04%	0.04%
	SUI	B	0.03%	0.01%	0.01%
	SWKS	F	0.04%	0.01%	0.01%
	SYF	D	0.04%	0.07%	0.04%
	SYK	B	0.23%	0.24%	0.23%
	T	A	0.27%	0.17%	0.17%
	TDG	B	0.14%	0.14%	0.14%
	TDY	B	0.04%	0.1%	0.04%
	TECH	D	0.02%	0.01%	0.01%
	TER	D	0.04%	0.04%	0.04%
	TFX	B	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.03%	0.03%
	TJX	B	0.25%	0.37%	0.25%
	TMO	B	0.46%	0.39%	0.39%
	TMUS	A	0.17%	0.11%	0.11%
	TRMB	C	0.03%	0.06%	0.03%
	TROW	D	0.05%	0.04%	0.04%
	TRU	A	0.03%	0.01%	0.01%
	TRV	A	0.1%	0.14%	0.1%
	TSLA	C	1.27%	0.93%	0.93%
	TT	A	0.15%	0.02%	0.02%
	TTD	B	0.08%	0.04%	0.04%
	TW	A	0.03%	0.02%	0.02%
	TXN	D	0.36%	0.28%	0.28%
	UBER	C	0.25%	0.17%	0.17%
	UHAL	B	0.01%	0.04%	0.01%
	UHAL	B	0.0%	0.04%	0.0%
	ULTA	D	0.03%	0.05%	0.03%
	UNH	C	1.04%	0.81%	0.81%
	UNP	B	0.3%	0.24%	0.24%
	UPS	D	0.19%	0.07%	0.07%
	URI	C	0.1%	0.04%	0.04%
	USB	C	0.14%	0.12%	0.12%
	V	A	0.82%	0.7%	0.7%
	VEEV	C	0.06%	0.03%	0.03%
	VICI	B	0.06%	0.03%	0.03%
	VLTO	B	0.05%	0.03%	0.03%
	VMC	D	0.07%	0.01%	0.01%
	VRSK	D	0.07%	0.05%	0.05%
	VRSN	D	0.03%	0.01%	0.01%
	VRT	C	0.06%	0.01%	0.01%
	VRTX	C	0.25%	0.15%	0.15%
	VTR	B	0.04%	0.06%	0.04%
	VZ	A	0.34%	0.21%	0.21%
	WAB	B	0.06%	0.07%	0.06%
	WAT	C	0.04%	0.02%	0.02%
	WDAY	D	0.09%	0.03%	0.03%
	WELL	B	0.13%	0.14%	0.13%
	WFC	F	0.41%	0.2%	0.2%
	WM	D	0.16%	0.1%	0.1%
	WMT	B	0.59%	0.33%	0.33%
	WPC	B	0.02%	0.02%	0.02%
	WRB	C	0.03%	0.07%	0.03%
	WST	F	0.04%	0.02%	0.02%
	WTW	B	0.06%	0.07%	0.06%
	WYNN	D	0.02%	0.01%	0.01%
	XYL	D	0.06%	0.39%	0.06%
	YUM	B	0.07%	0.08%	0.07%
	Z	B	0.01%	0.01%	0.01%
	ZBH	D	0.04%	0.05%	0.04%
	ZBRA	C	0.04%	0.02%	0.02%
	ZM	C	0.03%	0.02%	0.02%
	ZTS	B	0.16%	0.18%	0.16%

VONE Overweight 642 Positions Relative to NZAC

	Symbol	Grade	Weight
	XOM	D	1.05%
	PG	A	0.75%
	COST	B	0.72%
	CVX	D	0.54%
	KO	B	0.51%
	PEP	B	0.47%
	GE	A	0.36%
	PM	B	0.35%
	CAT	C	0.33%
	RTX	C	0.31%
	NEE	B	0.31%
	COP	F	0.26%
	HON	D	0.26%
	LMT	B	0.23%
	BA	F	0.22%
	CI	B	0.19%
	SO	A	0.18%
	MDLZ	B	0.18%
	MO	C	0.17%
	DUK	B	0.17%
	SNPS	D	0.17%
	CL	C	0.16%
	MCK	F	0.16%
	GD	B	0.16%
	CVS	D	0.15%
	SLB	F	0.14%
	HCA	A	0.14%
	CDNS	D	0.14%
	EOG	D	0.14%
	FCX	D	0.13%
	EMR	D	0.13%
	NOC	B	0.13%
	FDX	C	0.13%
	APD	B	0.12%
	TFC	D	0.12%
	PSX	F	0.12%
	MPC	F	0.12%
	GEV	B	0.1%
	JCI	B	0.1%
	OKE	A	0.1%
	SPOT	C	0.1%
	GM	C	0.1%
	SRE	B	0.1%
	AEP	A	0.1%
	WMB	A	0.1%
	VLO	F	0.1%
	D	B	0.09%
	KMB	C	0.09%
	MCHP	D	0.09%
	SYY	C	0.08%
	OTIS	C	0.08%
	DOW	F	0.08%
	FICO	A	0.08%
	NU	B	0.08%
	BKR	D	0.08%
	OXY	F	0.08%
	HWM	B	0.08%
	PCG	B	0.08%
	NUE	D	0.08%
	CTVA	B	0.08%
	PEG	A	0.08%
	CMI	C	0.08%
	RSG	B	0.08%
	MPWR	C	0.08%
	IR	D	0.08%
	KMI	B	0.08%
	CNC	C	0.08%
	MSCI	C	0.08%
	LNG	C	0.08%
	F	D	0.08%
	HES	F	0.08%
	LHX	C	0.08%
	ON	D	0.07%
	ED	B	0.07%
	DDOG	D	0.07%
	DD	B	0.07%
	HPQ	D	0.07%
	FANG	F	0.07%
	GEHC	C	0.07%
	KR	B	0.07%
	MLM	D	0.07%
	RCL	B	0.07%
	EXC	A	0.07%
	DELL	D	0.06%
	TSCO	B	0.06%
	FITB	B	0.06%
	DVN	F	0.06%
	TRGP	B	0.06%
	ADM	D	0.06%
	HAL	F	0.06%
	KHC	C	0.06%
	XEL	B	0.06%
	WY	C	0.05%
	NET	D	0.05%
	DECK	C	0.05%
	CPNG	B	0.05%
	TYL	B	0.05%
	FE	B	0.05%
	HUBS	D	0.05%
	CAH	B	0.05%
	ETR	A	0.05%
	DTE	A	0.05%
	FCNCA	D	0.05%
	DOV	B	0.05%
	TTWO	D	0.05%
	IFF	B	0.05%
	LYB	F	0.05%
	DG	F	0.05%
	WEC	B	0.05%
	VST	C	0.05%
	ARES	C	0.05%
	DAL	C	0.05%
	TEAM	D	0.05%
	AWK	A	0.05%
	J	D	0.04%
	BBY	B	0.04%
	LII	A	0.04%
	APTV	F	0.04%
	PFG	C	0.04%
	CTRA	F	0.04%
	ATO	A	0.04%
	CMS	A	0.04%
	LDOS	B	0.04%
	CFG	C	0.04%
	WSM	C	0.04%
	BALL	C	0.04%
	CSL	C	0.04%
	BLDR	C	0.04%
	APP	B	0.04%
	ARE	B	0.04%
	EQT	D	0.04%
	GPC	D	0.04%
	WBD	D	0.04%
	PTC	D	0.04%
	AEE	A	0.04%
	HUBB	B	0.04%
	RBLX	B	0.04%
	INVH	B	0.04%
	WDC	D	0.04%
	PPL	A	0.04%
	ES	B	0.04%
	SRPT	F	0.03%
	EVRG	A	0.03%
	GLPI	B	0.03%
	UDR	B	0.03%
	XPO	D	0.03%
	JBL	D	0.03%
	KMX	D	0.03%
	HOOD	C	0.03%
	UTHR	C	0.03%
	NI	A	0.03%
	CVNA	B	0.03%
	NDSN	C	0.03%
	LVS	D	0.03%
	LNT	A	0.03%
	KIM	B	0.03%
	FNF	B	0.03%
	GGG	C	0.03%
	CF	C	0.03%
	VTRS	C	0.03%
	CAG	B	0.03%
	CASY	C	0.03%
	JBHT	D	0.03%
	L	C	0.03%
	THC	B	0.03%
	OKTA	F	0.03%
	RBA	B	0.03%
	RGA	B	0.03%
	UAL	C	0.03%
	TOL	B	0.03%
	BG	F	0.03%
	AKAM	D	0.03%
	DPZ	D	0.03%
	KEY	B	0.03%
	AMCR	B	0.03%
	BLD	D	0.03%
	K	A	0.03%
	RPM	B	0.03%
	MANH	A	0.03%
	SSNC	A	0.03%
	CE	D	0.03%
	TPL	C	0.03%
	MRO	D	0.03%
	LUV	C	0.03%
	IP	B	0.03%
	OC	C	0.03%
	NRG	C	0.03%
	EXPE	C	0.03%
	MAA	A	0.03%
	SWK	B	0.03%
	DKNG	D	0.03%
	ZS	F	0.03%
	LPLA	F	0.03%
	CCL	C	0.03%
	WSO	C	0.03%
	TSN	C	0.03%
	MDB	D	0.03%
	DRI	C	0.03%
	AVY	B	0.03%
	EME	A	0.03%
	PSTG	D	0.03%
	CNP	C	0.03%
	EXPD	D	0.03%
	TXT	D	0.03%
	PKG	B	0.03%
	ENTG	D	0.03%
	WCC	D	0.02%
	CRBG	D	0.02%
	AYI	B	0.02%
	WEX	C	0.02%
	CIEN	C	0.02%
	OGE	B	0.02%
	WSC	D	0.02%
	FCN	C	0.02%
	HLI	A	0.02%
	ALSN	B	0.02%
	SOFI	C	0.02%
	CBSH	B	0.02%
	CR	C	0.02%
	AXTA	C	0.02%
	NCLH	C	0.02%
	CROX	C	0.02%
	HRB	C	0.02%
	NNN	B	0.02%
	GMED	D	0.02%
	ITCI	D	0.02%
	INGR	B	0.02%
	NOV	F	0.02%
	BWA	F	0.02%
	SSD	C	0.02%
	GLOB	D	0.02%
	CELH	F	0.02%
	SOLV	C	0.02%
	AA	D	0.02%
	RBC	D	0.02%
	WBS	D	0.02%
	ATI	D	0.02%
	ACI	D	0.02%
	MHK	B	0.02%
	KNX	C	0.02%
	DINO	F	0.02%
	AR	D	0.02%
	MKSI	F	0.02%
	WBA	F	0.02%
	WFRD	D	0.02%
	COLD	D	0.02%
	CGNX	D	0.02%
	MORN	C	0.02%
	CHE	C	0.02%
	LW	D	0.02%
	APG	D	0.02%
	CZR	D	0.02%
	WAL	B	0.02%
	GL	C	0.02%
	TKO	B	0.02%
	DAY	C	0.02%
	ORI	B	0.02%
	TPX	C	0.02%
	NYT	C	0.02%
	PRI	B	0.02%
	KBR	D	0.02%
	SKX	C	0.02%
	SF	B	0.02%
	ARMK	B	0.02%
	CNM	F	0.02%
	ESTC	F	0.02%
	EGP	B	0.02%
	HAS	B	0.02%
	SNX	D	0.02%
	EVR	B	0.02%
	OHI	B	0.02%
	RGLD	B	0.02%
	CPB	B	0.02%
	BWXT	D	0.02%
	DCI	D	0.02%
	TPR	C	0.02%
	ELF	F	0.02%
	GPK	A	0.02%
	EHC	B	0.02%
	FHN	C	0.02%
	TREX	F	0.02%
	GNRC	D	0.02%
	TAP	C	0.02%
	X	D	0.02%
	COHR	C	0.02%
	FRT	B	0.02%
	WWD	D	0.02%
	HRL	C	0.02%
	EXP	A	0.02%
	CNH	C	0.02%
	RGEN	F	0.02%
	ONTO	D	0.02%
	MUSA	B	0.02%
	MOS	F	0.02%
	OWL	C	0.02%
	PR	D	0.02%
	PNW	A	0.02%
	LNW	B	0.02%
	MEDP	D	0.02%
	ATR	A	0.02%
	CHDN	B	0.02%
	CHK	D	0.02%
	KNSL	C	0.02%
	TTC	D	0.02%
	CACI	B	0.02%
	DOX	C	0.02%
	WTRG	D	0.02%
	CHRW	C	0.02%
	AOS	D	0.02%
	FND	C	0.02%
	TWLO	D	0.02%
	CCK	A	0.02%
	JEF	B	0.02%
	MGM	D	0.02%
	OLED	C	0.02%
	LAMR	A	0.02%
	PFGC	B	0.02%
	CHRD	F	0.02%
	CUBE	A	0.02%
	RRX	C	0.02%
	UNM	B	0.02%
	REXR	C	0.02%
	NWSA	D	0.02%
	WING	B	0.02%
	HII	D	0.02%
	SAIA	D	0.02%
	APA	F	0.02%
	CW	B	0.02%
	LECO	D	0.02%
	SW	B	0.02%
	TTEK	B	0.02%
	DT	C	0.02%
	QRVO	F	0.02%
	CPT	B	0.02%
	SCI	A	0.02%
	ITT	C	0.02%
	NTRA	B	0.02%
	TOST	C	0.02%
	TXRH	D	0.02%
	FIX	B	0.02%
	BJ	D	0.02%
	WMS	D	0.02%
	JLL	B	0.02%
	RNR	B	0.02%
	NVT	D	0.02%
	EWBC	D	0.02%
	EMN	A	0.02%
	HST	D	0.02%
	AMH	B	0.02%
	NTNX	C	0.02%
	SJM	C	0.02%
	DKS	D	0.02%
	CLH	B	0.02%
	IBKR	B	0.02%
	GWRE	A	0.02%
	UHS	B	0.02%
	USFD	A	0.02%
	OVV	F	0.02%
	CRL	D	0.02%
	AES	C	0.02%
	ELS	B	0.02%
	FTI	D	0.02%
	CWEN	A	0.01%
	ZG	B	0.01%
	COLM	B	0.01%
	NCNO	F	0.01%
	CLVT	D	0.01%
	RNG	D	0.01%
	NWS	D	0.01%
	NVST	D	0.01%
	VAC	F	0.01%
	MPW	B	0.01%
	DV	F	0.01%
	WEN	C	0.01%
	PENN	D	0.01%
	BHF	F	0.01%
	CERE	A	0.01%
	AMED	D	0.01%
	CACC	F	0.01%
	LCID	C	0.01%
	PEGA	C	0.01%
	NSA	A	0.01%
	PK	F	0.01%
	FHB	C	0.01%
	HIW	A	0.01%
	HCP	A	0.01%
	TDC	F	0.01%
	PAG	D	0.01%
	TNL	F	0.01%
	FIVN	F	0.01%
	DNB	C	0.01%
	IRDM	D	0.01%
	DOCS	B	0.01%
	EPR	B	0.01%
	AZTA	D	0.01%
	CNXC	D	0.01%
	SMG	C	0.01%
	ZI	D	0.01%
	BROS	D	0.01%
	LITE	C	0.01%
	CACC	F	0.01%
	NWL	C	0.01%
	YETI	D	0.01%
	LSXMK	D	0.01%
	MAN	D	0.01%
	CHH	C	0.01%
	DXC	C	0.01%
	CC	F	0.01%
	AMKR	D	0.01%
	AAP	F	0.01%
	MSGS	B	0.01%
	NEU	C	0.01%
	GTES	C	0.01%
	RARE	B	0.01%
	CPRI	D	0.01%
	PRGO	C	0.01%
	HUN	D	0.01%
	KMPR	D	0.01%
	MSM	D	0.01%
	IAC	C	0.01%
	COTY	D	0.01%
	WU	F	0.01%
	FIVE	D	0.01%
	APLS	D	0.01%
	FOUR	C	0.01%
	FLO	C	0.01%
	INSP	C	0.01%
	BYD	C	0.01%
	PSN	B	0.01%
	CUZ	B	0.01%
	SLGN	B	0.01%
	TPG	B	0.01%
	SPR	D	0.01%
	RH	C	0.01%
	KRC	C	0.01%
	PII	D	0.01%
	AGO	C	0.01%
	LYFT	D	0.01%
	EEFT	F	0.01%
	WTM	D	0.01%
	HOG	C	0.01%
	LOPE	D	0.01%
	DLB	D	0.01%
	RYN	C	0.01%
	GAP	F	0.01%
	MASI	D	0.01%
	PATH	D	0.01%
	AVT	D	0.01%
	AM	B	0.01%
	ALK	C	0.01%
	ASH	D	0.01%
	M	D	0.01%
	JHG	B	0.01%
	U	D	0.01%
	APPF	D	0.01%
	AN	D	0.01%
	THG	A	0.01%
	SLM	D	0.01%
	GFS	F	0.01%
	W	D	0.01%
	OZK	D	0.01%
	IDA	B	0.01%
	WLK	D	0.01%
	SN	B	0.01%
	VNO	A	0.01%
	BILL	D	0.01%
	S	C	0.01%
	AL	D	0.01%
	THO	C	0.01%
	NFG	A	0.01%
	UGI	B	0.01%
	WHR	D	0.01%
	SON	C	0.01%
	SRCL	A	0.01%
	POST	C	0.01%
	OLN	D	0.01%
	HXL	F	0.01%
	BC	D	0.01%
	SEE	D	0.01%
	MDU	B	0.01%
	COLB	C	0.01%
	FNB	D	0.01%
	TKR	D	0.01%
	XRAY	D	0.01%
	MTSI	D	0.01%
	NXST	D	0.01%
	FRPT	B	0.01%
	LNC	D	0.01%
	OGN	C	0.01%
	ESAB	C	0.01%
	AXS	B	0.01%
	AWI	C	0.01%
	PVH	D	0.01%
	AGCO	D	0.01%
	STWD	B	0.01%
	OMF	D	0.01%
	VMI	D	0.01%
	AMG	C	0.01%
	VVV	D	0.01%
	ST	F	0.01%
	ACHC	C	0.01%
	WH	B	0.01%
	OLLI	C	0.01%
	DBX	D	0.01%
	R	B	0.01%
	G	B	0.01%
	VKTX	C	0.01%
	GME	F	0.01%
	VNT	D	0.01%
	AAON	A	0.01%
	CFLT	F	0.01%
	VFC	C	0.01%
	ESI	D	0.01%
	GTLB	D	0.01%
	FAF	A	0.01%
	KD	D	0.01%
	SMAR	B	0.01%
	PEN	D	0.01%
	RLI	B	0.01%
	DAR	F	0.01%
	LPX	B	0.01%
	DUOL	C	0.01%
	RYAN	C	0.01%
	IVZ	C	0.01%
	H	D	0.01%
	SAIC	B	0.01%
	PLNT	B	0.01%
	AZEK	C	0.01%
	AFRM	C	0.01%
	ELAN	D	0.01%
	RHI	D	0.01%
	BEN	D	0.01%
	FLS	D	0.01%
	MAT	C	0.01%
	LFUS	D	0.01%
	PB	B	0.01%
	MTG	B	0.01%
	SITE	D	0.01%
	ARW	C	0.01%
	RL	B	0.01%
	BRBR	C	0.01%
	PCTY	D	0.01%
	JAZZ	D	0.01%
	GXO	D	0.01%
	LSTR	D	0.01%
	EXEL	A	0.01%
	PARA	F	0.01%
	SNV	C	0.01%
	COKE	C	0.01%
	CFR	C	0.01%
	BSY	D	0.01%
	BFAM	B	0.01%
	MSA	D	0.01%
	LEA	F	0.01%
	DVA	A	0.01%
	ADC	B	0.01%
	CIVI	F	0.01%
	XP	D	0.01%
	AGNC	A	0.01%
	OSK	D	0.01%
	MTZ	B	0.01%
	MTN	D	0.01%
	WTFC	C	0.01%
	AAL	D	0.01%
	CRUS	D	0.01%
	SWN	D	0.01%
	MIDD	D	0.01%
	BRKR	D	0.01%
	CLF	F	0.01%
	IONS	F	0.01%
	MTDR	F	0.01%
	KEX	C	0.01%
	FYBR	C	0.01%
	FMC	C	0.01%
	GNTX	F	0.01%
	LSCC	D	0.01%
	STAG	B	0.01%
	PNFP	B	0.01%
	BPOP	C	0.01%
	ROKU	C	0.01%
	DTM	B	0.01%
	ZION	D	0.01%
	FR	B	0.01%
	CMA	B	0.01%
	VOYA	A	0.01%
	LBRDK	D	0.01%
	RRC	D	0.01%
	PCOR	D	0.01%
	ETSY	F	0.01%
	BRX	B	0.01%
	BERY	B	0.01%
	LAD	C	0.01%
	AMC	D	0.0%
	CWEN	A	0.0%
	PLTK	D	0.0%
	SIRI	C	0.0%
	TFSL	C	0.0%
	UI	B	0.0%
	PYCR	D	0.0%
	UWMC	C	0.0%
	SEB	C	0.0%
	UA	C	0.0%
	LBRDA	D	0.0%
	CNA	C	0.0%
	SNDR	B	0.0%
	DDS	D	0.0%
	NFE	F	0.0%
	REYN	C	0.0%
	INFA	D	0.0%
	PPC	D	0.0%
	UAA	C	0.0%
	DJT	F	0.0%
	LEG	D	0.0%
	SHC	B	0.0%
	VSTS	D	0.0%
	MP	D	0.0%
	CAR	F	0.0%
	ALGM	D	0.0%
	CERT	F	0.0%
	GO	F	0.0%
	TRIP	F	0.0%
	RCM	C	0.0%
	HAYW	D	0.0%
	TXG	D	0.0%
	VIRT	B	0.0%
	IPGP	F	0.0%
	CRI	C	0.0%
	BOKF	B	0.0%
	QS	F	0.0%
	HHH	C	0.0%
	RKT	B	0.0%
	ADTN	F	0.0%
	JWN	C	0.0%
	BIRK	D	0.0%
	KSS	F	0.0%
	WOLF	F	0.0%
	SPB	B	0.0%
	PINC	C	0.0%
	AGR	B	0.0%
	FTRE	F	0.0%
	ENOV	F	0.0%
	SAM	F	0.0%

VONE Underweight 33 Positions Relative to NZAC

	Symbol	Grade	Weight
	NVS	B	-0.49%
	BABA	C	-0.23%
	TD	A	-0.21%
	SONY	C	-0.17%
	MELI	B	-0.16%
	HDB	C	-0.14%
	INFY	B	-0.13%
	DEO	C	-0.12%
	TEL	D	-0.11%
	LI	F	-0.09%
	SHOP	C	-0.08%
	WIT	C	-0.07%
	MUFG	D	-0.07%
	PDD	F	-0.06%
	TCOM	C	-0.05%
	BCS	B	-0.04%
	AZN	D	-0.04%
	ERIE	B	-0.04%
	XPEV	D	-0.03%
	CCEP	B	-0.03%
	BIDU	F	-0.03%
	LYG	B	-0.02%
	NIO	C	-0.02%
	TEVA	C	-0.02%
	ASAI	F	-0.02%
	BCH	B	-0.02%
	XRX	F	-0.02%
	MBAVU	C	-0.01%
	SNAP	F	-0.01%
	NXPI	F	-0.01%
	QFIN	C	-0.01%
	KB	D	-0.01%
	WIT	C	-0.0%

VONE: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Asset Management Business Services 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

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Asset Management Drug Manufacturers - Major Diversified Industrials Semiconductors Biotechnology Capital Markets Information Technology Services Internet Content & Information Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Specialty Retail Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Insurance Computing Bank Dow Jones Component Telecommunications Banking Medicine Insurance Products Mobile Devices Electronics Investment Bank Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing IBD 50 Aerospace