VONE vs. VFMO ETF Comparison

Comparison of Vanguard Russell 1000 ETF (VONE) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$244.88

Average Daily Volume

61,087

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance 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 strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. 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

$148.12

Average Daily Volume

28,093

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	VONE	VFMO
30 Days	4.37%	2.78%
60 Days	-2.35%	-1.81%
90 Days	1.64%	0.08%
12 Months	22.71%	25.18%

236 Overlapping Holdings

	Symbol	Grade	Weight in VONE	Weight in VFMO	Overlap
	AAON	C	0.01%	0.02%	0.01%
	ACGL	B	0.07%	0.16%	0.07%
	AFL	B	0.11%	0.07%	0.07%
	AFRM	B	0.01%	0.14%	0.01%
	AGO	D	0.01%	0.35%	0.01%
	AIG	D	0.11%	0.33%	0.11%
	AIZ	B	0.02%	0.18%	0.02%
	AJG	A	0.12%	0.18%	0.12%
	ALL	B	0.09%	0.21%	0.09%
	ALLY	C	0.02%	0.08%	0.02%
	ALSN	B	0.02%	0.34%	0.02%
	AM	C	0.01%	0.09%	0.01%
	AMAT	F	0.35%	0.57%	0.35%
	AMD	F	0.46%	0.05%	0.05%
	AMZN	D	3.42%	0.79%	0.79%
	ANET	D	0.18%	1.31%	0.18%
	ANET	D	0.18%	0.06%	0.06%
	AOS	D	0.02%	0.05%	0.02%
	APG	D	0.02%	0.16%	0.02%
	APH	D	0.15%	0.58%	0.15%
	APO	D	0.13%	0.9%	0.13%
	APP	B	0.04%	0.31%	0.04%
	APPF	D	0.01%	0.07%	0.01%
	ARES	C	0.05%	0.16%	0.05%
	ATI	C	0.02%	0.11%	0.02%
	AVGO	D	1.44%	1.34%	1.34%
	AWI	C	0.01%	0.37%	0.01%
	AXON	B	0.04%	0.16%	0.04%
	AXP	B	0.28%	0.45%	0.28%
	AYI	C	0.02%	0.13%	0.02%
	AZEK	D	0.01%	0.22%	0.01%
	BAH	B	0.04%	0.1%	0.04%
	BALL	A	0.04%	0.04%	0.04%
	BKNG	C	0.25%	0.29%	0.25%
	BLD	D	0.03%	0.14%	0.03%
	BLDR	C	0.04%	0.18%	0.04%
	BPOP	B	0.01%	0.3%	0.01%
	BRBR	A	0.01%	0.23%	0.01%
	BRO	A	0.05%	0.07%	0.05%
	BSX	A	0.21%	0.53%	0.21%
	BX	B	0.2%	0.16%	0.16%
	C	D	0.24%	0.85%	0.24%
	CACC	F	0.01%	0.15%	0.01%
	CACC	F	0.01%	0.15%	0.01%
	CACI	B	0.02%	0.02%	0.02%
	CAH	A	0.05%	0.07%	0.05%
	CARR	B	0.11%	0.15%	0.11%
	CASY	C	0.03%	0.13%	0.03%
	CAT	C	0.33%	0.34%	0.33%
	CBOE	A	0.04%	0.06%	0.04%
	CELH	F	0.02%	0.18%	0.02%
	CHRD	F	0.02%	0.03%	0.02%
	CLH	C	0.02%	0.17%	0.02%
	CMG	D	0.15%	0.85%	0.15%
	CNM	F	0.02%	0.3%	0.02%
	COIN	F	0.09%	0.18%	0.09%
	COKE	B	0.01%	0.1%	0.01%
	COST	B	0.72%	0.54%	0.54%
	CPAY	B	0.04%	0.06%	0.04%
	CPRT	D	0.09%	0.14%	0.09%
	CR	C	0.02%	0.23%	0.02%
	CRBG	C	0.02%	0.23%	0.02%
	CRM	D	0.48%	0.34%	0.34%
	CRWD	F	0.1%	1.07%	0.1%
	CSL	C	0.04%	0.19%	0.04%
	CVNA	C	0.03%	0.33%	0.03%
	CW	B	0.02%	0.13%	0.02%
	DASH	B	0.08%	0.09%	0.08%
	DDS	D	0.0%	0.04%	0.0%
	DECK	C	0.05%	0.38%	0.05%
	DHI	B	0.11%	0.29%	0.11%
	DJT	F	0.0%	0.13%	0.0%
	DKNG	D	0.03%	0.3%	0.03%
	DKS	C	0.02%	0.2%	0.02%
	DPZ	D	0.03%	0.18%	0.03%
	DUOL	B	0.01%	0.08%	0.01%
	DVA	B	0.01%	0.2%	0.01%
	EHC	B	0.02%	0.11%	0.02%
	ELAN	B	0.01%	0.08%	0.01%
	ELF	F	0.02%	0.2%	0.02%
	EME	C	0.03%	0.44%	0.03%
	ESAB	D	0.01%	0.16%	0.01%
	ESTC	F	0.02%	0.19%	0.02%
	ETN	D	0.24%	0.86%	0.24%
	EVR	B	0.02%	0.19%	0.02%
	EWBC	C	0.02%	0.2%	0.02%
	EXEL	B	0.01%	0.04%	0.01%
	EXP	B	0.02%	0.13%	0.02%
	FANG	D	0.07%	0.37%	0.07%
	FCNCA	C	0.05%	0.25%	0.05%
	FCX	D	0.13%	0.12%	0.12%
	FHN	C	0.02%	0.22%	0.02%
	FICO	A	0.08%	0.2%	0.08%
	FITB	B	0.06%	0.34%	0.06%
	FIX	C	0.02%	0.31%	0.02%
	FNF	B	0.03%	0.05%	0.03%
	FRPT	B	0.01%	0.19%	0.01%
	FTI	D	0.02%	0.22%	0.02%
	FYBR	A	0.01%	0.12%	0.01%
	GE	C	0.36%	1.09%	0.36%
	GM	B	0.1%	0.28%	0.1%
	GOOG	D	1.68%	0.71%	0.71%
	GRMN	B	0.05%	0.09%	0.05%
	GTES	C	0.01%	0.02%	0.01%
	GWRE	A	0.02%	0.17%	0.02%
	GWW	C	0.08%	0.17%	0.08%
	HLT	C	0.1%	0.32%	0.1%
	HOOD	D	0.03%	0.22%	0.03%
	HRB	B	0.02%	0.11%	0.02%
	HUBB	C	0.04%	0.13%	0.04%
	HUBS	F	0.05%	0.12%	0.05%
	IBKR	B	0.02%	0.13%	0.02%
	IBM	A	0.35%	0.18%	0.18%
	INTU	D	0.35%	0.05%	0.05%
	IT	B	0.07%	0.06%	0.06%
	JEF	B	0.02%	0.08%	0.02%
	JPM	B	1.2%	0.37%	0.37%
	KD	D	0.01%	0.11%	0.01%
	KEX	D	0.01%	0.02%	0.01%
	KEY	B	0.03%	0.32%	0.03%
	KKR	B	0.16%	1.06%	0.16%
	KLAC	D	0.22%	0.82%	0.22%
	KMPR	C	0.01%	0.02%	0.01%
	LDOS	B	0.04%	0.18%	0.04%
	LEN	B	0.09%	0.34%	0.09%
	LEN	B	0.0%	0.34%	0.0%
	LEN	B	0.09%	0.04%	0.04%
	LEN	B	0.0%	0.04%	0.0%
	LII	C	0.04%	0.13%	0.04%
	LIN	B	0.43%	0.16%	0.16%
	LLY	B	1.35%	1.29%	1.29%
	LNW	B	0.02%	0.15%	0.02%
	LOPE	D	0.01%	0.03%	0.01%
	LRCX	F	0.24%	0.81%	0.24%
	LYFT	F	0.01%	0.13%	0.01%
	M	F	0.01%	0.05%	0.01%
	MCK	D	0.16%	0.76%	0.16%
	MEDP	D	0.02%	0.19%	0.02%
	META	C	2.05%	1.14%	1.14%
	MPC	D	0.12%	0.69%	0.12%
	MPWR	C	0.08%	0.06%	0.06%
	MSA	D	0.01%	0.1%	0.01%
	MSFT	D	6.12%	0.24%	0.24%
	MSTR	F	0.05%	0.24%	0.05%
	MTG	B	0.01%	0.11%	0.01%
	MTSI	D	0.01%	0.06%	0.01%
	MU	F	0.24%	0.9%	0.24%
	MUSA	B	0.02%	0.11%	0.02%
	NBIX	D	0.03%	0.09%	0.03%
	NEU	D	0.01%	0.09%	0.01%
	NFLX	B	0.53%	1.16%	0.53%
	NOW	B	0.33%	0.25%	0.25%
	NTNX	A	0.02%	0.22%	0.02%
	NTRA	B	0.02%	0.17%	0.02%
	NU	B	0.08%	0.4%	0.08%
	NVDA	D	5.48%	1.49%	1.49%
	NVR	B	0.05%	0.25%	0.05%
	NVT	F	0.02%	0.15%	0.02%
	NWSA	C	0.02%	0.03%	0.02%
	OC	D	0.03%	0.15%	0.03%
	OLLI	D	0.01%	0.08%	0.01%
	OMF	D	0.01%	0.21%	0.01%
	ONTO	D	0.02%	0.29%	0.02%
	ORI	B	0.02%	0.1%	0.02%
	OWL	D	0.02%	0.15%	0.02%
	PAG	C	0.01%	0.04%	0.01%
	PCAR	D	0.1%	0.78%	0.1%
	PFGC	B	0.02%	0.04%	0.02%
	PGR	A	0.25%	0.89%	0.25%
	PH	B	0.14%	0.51%	0.14%
	PHM	B	0.05%	0.34%	0.05%
	PINS	F	0.04%	0.07%	0.04%
	PLTR	B	0.11%	0.1%	0.1%
	PNR	B	0.03%	0.08%	0.03%
	PPC	B	0.0%	0.21%	0.0%
	PR	D	0.02%	0.17%	0.02%
	PRI	B	0.02%	0.11%	0.02%
	PSN	B	0.01%	0.14%	0.01%
	PSTG	F	0.03%	0.07%	0.03%
	PSX	D	0.12%	0.69%	0.12%
	PTC	D	0.04%	0.06%	0.04%
	PVH	F	0.01%	0.05%	0.01%
	PWR	C	0.08%	0.08%	0.08%
	QCOM	F	0.4%	0.29%	0.29%
	RCL	C	0.07%	0.28%	0.07%
	RGA	B	0.03%	0.07%	0.03%
	RKT	B	0.0%	0.06%	0.0%
	RL	A	0.01%	0.18%	0.01%
	ROST	B	0.09%	0.1%	0.09%
	RS	D	0.03%	0.13%	0.03%
	SAIA	D	0.02%	0.24%	0.02%
	SCCO	D	0.02%	0.19%	0.02%
	SCHW	D	0.19%	0.15%	0.15%
	SHW	B	0.16%	0.25%	0.16%
	SKX	B	0.02%	0.22%	0.02%
	SLM	D	0.01%	0.16%	0.01%
	SMCI	F	0.07%	0.27%	0.07%
	SNPS	D	0.17%	0.04%	0.04%
	SPB	B	0.0%	0.06%	0.0%
	SPOT	C	0.1%	0.38%	0.1%
	SSD	D	0.02%	0.23%	0.02%
	STLD	D	0.04%	0.2%	0.04%
	TDG	B	0.14%	0.71%	0.14%
	THC	B	0.03%	0.12%	0.03%
	TJX	B	0.25%	0.29%	0.25%
	TOL	B	0.03%	0.28%	0.03%
	TPG	B	0.01%	0.19%	0.01%
	TPX	D	0.02%	0.14%	0.02%
	TREX	F	0.02%	0.12%	0.02%
	TRGP	A	0.06%	0.2%	0.06%
	TT	B	0.15%	0.73%	0.15%
	UBER	B	0.25%	0.81%	0.25%
	UHAL	B	0.01%	0.03%	0.01%
	UHAL	B	0.0%	0.03%	0.0%
	URI	C	0.1%	0.23%	0.1%
	USFD	B	0.02%	0.05%	0.02%
	UWMC	B	0.0%	0.09%	0.0%
	VIRT	A	0.0%	0.06%	0.0%
	VKTX	C	0.01%	0.17%	0.01%
	VLO	D	0.1%	0.14%	0.1%
	VNT	F	0.01%	0.12%	0.01%
	VRT	F	0.06%	0.31%	0.06%
	VRTX	D	0.25%	0.19%	0.19%
	WAB	B	0.06%	0.23%	0.06%
	WAL	B	0.02%	0.02%	0.02%
	WDC	D	0.04%	0.2%	0.04%
	WFC	D	0.41%	0.95%	0.41%
	WFRD	F	0.02%	0.3%	0.02%
	WING	C	0.02%	0.39%	0.02%
	WMS	D	0.02%	0.14%	0.02%
	WRB	B	0.03%	0.1%	0.03%
	WSM	D	0.04%	0.23%	0.04%
	WSO	D	0.03%	0.09%	0.03%
	WTFC	B	0.01%	0.05%	0.01%
	WWD	D	0.02%	0.1%	0.02%
	XPO	D	0.03%	0.25%	0.03%

VONE Overweight 743 Positions Relative to VFMO

	Symbol	Grade	Weight
	AAPL	C	6.35%
	GOOGL	D	1.98%
	BRK.A	B	1.58%
	TSLA	D	1.27%
	XOM	C	1.05%
	UNH	A	1.04%
	V	A	0.82%
	PG	A	0.75%
	JNJ	B	0.75%
	MA	B	0.75%
	HD	B	0.72%
	ABBV	B	0.65%
	WMT	A	0.59%
	MRK	D	0.56%
	BAC	D	0.54%
	CVX	F	0.54%
	KO	B	0.51%
	ADBE	B	0.49%
	PEP	A	0.47%
	TMO	A	0.46%
	ORCL	A	0.43%
	ACN	A	0.41%
	CSCO	B	0.39%
	MCD	A	0.38%
	ABT	A	0.36%
	DHR	B	0.36%
	TXN	C	0.36%
	AMGN	C	0.35%
	PM	A	0.35%
	VZ	B	0.34%
	DIS	F	0.34%
	PFE	D	0.34%
	GS	C	0.32%
	CMCSA	C	0.32%
	RTX	B	0.31%
	NEE	A	0.31%
	ISRG	B	0.31%
	UNP	B	0.3%
	SPGI	A	0.3%
	LOW	B	0.28%
	T	A	0.27%
	COP	D	0.26%
	INTC	F	0.26%
	HON	D	0.26%
	BLK	B	0.25%
	MS	C	0.24%
	ELV	B	0.24%
	ADI	C	0.23%
	LMT	A	0.23%
	PLD	B	0.23%
	SYK	A	0.23%
	MMC	A	0.22%
	BA	F	0.22%
	CB	A	0.22%
	REGN	B	0.22%
	MDT	A	0.21%
	ADP	B	0.21%
	PANW	B	0.2%
	AMT	A	0.2%
	DE	B	0.19%
	GILD	A	0.19%
	UPS	F	0.19%
	BMY	B	0.19%
	CI	B	0.19%
	NKE	C	0.18%
	SO	A	0.18%
	MDLZ	A	0.18%
	MO	A	0.17%
	DUK	A	0.17%
	ICE	A	0.17%
	TMUS	B	0.17%
	SBUX	B	0.17%
	CL	A	0.16%
	WM	D	0.16%
	GD	B	0.16%
	ZTS	A	0.16%
	EQIX	B	0.15%
	CVS	F	0.15%
	PYPL	B	0.14%
	SLB	F	0.14%
	TGT	B	0.14%
	CME	A	0.14%
	BDX	D	0.14%
	USB	B	0.14%
	HCA	B	0.14%
	MMM	B	0.14%
	PNC	B	0.14%
	MCO	B	0.14%
	CDNS	D	0.14%
	EOG	D	0.14%
	ITW	C	0.14%
	AON	A	0.13%
	MSI	B	0.13%
	WELL	A	0.13%
	ORLY	B	0.13%
	CTAS	B	0.13%
	EMR	D	0.13%
	NOC	B	0.13%
	FDX	D	0.13%
	CSX	D	0.13%
	APD	B	0.12%
	TFC	B	0.12%
	CEG	D	0.12%
	ABNB	F	0.12%
	MAR	D	0.11%
	AZO	B	0.11%
	NSC	B	0.11%
	NEM	B	0.11%
	COF	C	0.11%
	MRVL	D	0.11%
	ECL	B	0.11%
	ROP	C	0.11%
	GEV	A	0.1%
	JCI	C	0.1%
	OKE	A	0.1%
	BK	B	0.1%
	TRV	A	0.1%
	O	A	0.1%
	SPG	B	0.1%
	SRE	B	0.1%
	AEP	A	0.1%
	WMB	B	0.1%
	ADSK	B	0.1%
	HUM	D	0.09%
	IQV	B	0.09%
	D	A	0.09%
	PRU	C	0.09%
	KMB	A	0.09%
	MET	B	0.09%
	PSA	A	0.09%
	MCHP	D	0.09%
	CCI	A	0.09%
	WDAY	C	0.09%
	DLR	D	0.09%
	SYY	A	0.08%
	OTIS	D	0.08%
	DOW	D	0.08%
	MRNA	F	0.08%
	BKR	D	0.08%
	OXY	F	0.08%
	HWM	B	0.08%
	MNST	D	0.08%
	PCG	A	0.08%
	STZ	B	0.08%
	NUE	F	0.08%
	CTVA	B	0.08%
	IDXX	D	0.08%
	TTD	B	0.08%
	PEG	B	0.08%
	CMI	B	0.08%
	RSG	B	0.08%
	AME	D	0.08%
	EA	C	0.08%
	FAST	D	0.08%
	IR	D	0.08%
	KMI	B	0.08%
	CNC	D	0.08%
	SNOW	F	0.08%
	PAYX	B	0.08%
	ODFL	D	0.08%
	A	B	0.08%
	MSCI	B	0.08%
	LNG	B	0.08%
	F	D	0.08%
	HES	F	0.08%
	LHX	C	0.08%
	AMP	B	0.08%
	FIS	A	0.08%
	EXR	B	0.07%
	ON	D	0.07%
	ED	A	0.07%
	EFX	B	0.07%
	SQ	D	0.07%
	CBRE	B	0.07%
	DDOG	D	0.07%
	DD	C	0.07%
	HPQ	D	0.07%
	KVUE	A	0.07%
	CHTR	C	0.07%
	DFS	C	0.07%
	GEHC	B	0.07%
	KR	C	0.07%
	VMC	D	0.07%
	MLM	D	0.07%
	KDP	A	0.07%
	FTNT	B	0.07%
	EXC	A	0.07%
	VRSK	C	0.07%
	YUM	B	0.07%
	CTSH	B	0.07%
	EW	F	0.07%
	GIS	A	0.07%
	DELL	F	0.06%
	EBAY	A	0.06%
	VEEV	A	0.06%
	TSCO	B	0.06%
	MTB	B	0.06%
	WTW	A	0.06%
	AVB	B	0.06%
	HSY	A	0.06%
	CDW	D	0.06%
	DVN	F	0.06%
	PPG	D	0.06%
	IRM	B	0.06%
	ALNY	C	0.06%
	EIX	A	0.06%
	ADM	D	0.06%
	HAL	F	0.06%
	GLW	C	0.06%
	BIIB	D	0.06%
	RMD	A	0.06%
	LULU	F	0.06%
	KHC	A	0.06%
	CSGP	C	0.06%
	ROK	D	0.06%
	MTD	C	0.06%
	XYL	D	0.06%
	XEL	A	0.06%
	VICI	A	0.06%
	HIG	B	0.06%
	EL	F	0.05%
	FSLR	C	0.05%
	WY	C	0.05%
	NET	F	0.05%
	SBAC	A	0.05%
	STE	A	0.05%
	CHD	A	0.05%
	CPNG	B	0.05%
	TYL	A	0.05%
	FE	A	0.05%
	KEYS	C	0.05%
	ETR	A	0.05%
	DTE	B	0.05%
	BR	C	0.05%
	TROW	D	0.05%
	FTV	D	0.05%
	DOV	C	0.05%
	TTWO	B	0.05%
	IFF	A	0.05%
	STT	B	0.05%
	HPE	D	0.05%
	GPN	C	0.05%
	LYB	D	0.05%
	NTAP	D	0.05%
	EQR	B	0.05%
	VLTO	B	0.05%
	DG	F	0.05%
	DXCM	F	0.05%
	WEC	A	0.05%
	VST	C	0.05%
	ANSS	D	0.05%
	DAL	D	0.05%
	TEAM	F	0.05%
	AWK	A	0.05%
	NDAQ	A	0.05%
	ESS	B	0.04%
	NTRS	B	0.04%
	ZBRA	C	0.04%
	AVTR	B	0.04%
	BAX	A	0.04%
	J	C	0.04%
	SWKS	D	0.04%
	BBY	A	0.04%
	HOLX	A	0.04%
	APTV	D	0.04%
	OMC	B	0.04%
	PFG	D	0.04%
	CTRA	F	0.04%
	ATO	A	0.04%
	CMS	A	0.04%
	MKC	A	0.04%
	CFG	B	0.04%
	ILMN	B	0.04%
	MOH	C	0.04%
	TDY	B	0.04%
	WAT	B	0.04%
	CINF	B	0.04%
	TER	D	0.04%
	ARE	D	0.04%
	EQT	D	0.04%
	SYF	C	0.04%
	GPC	D	0.04%
	GDDY	C	0.04%
	RF	B	0.04%
	WBD	D	0.04%
	MKL	C	0.04%
	AEE	A	0.04%
	RBLX	B	0.04%
	DLTR	F	0.04%
	HBAN	B	0.04%
	INVH	B	0.04%
	PPL	A	0.04%
	RJF	D	0.04%
	VTR	A	0.04%
	WST	D	0.04%
	ZBH	D	0.04%
	ES	A	0.04%
	SRPT	D	0.03%
	EVRG	A	0.03%
	GLPI	A	0.03%
	TW	B	0.03%
	UDR	B	0.03%
	JBL	F	0.03%
	TRMB	D	0.03%
	KMX	C	0.03%
	ROL	B	0.03%
	RIVN	F	0.03%
	PODD	A	0.03%
	UTHR	B	0.03%
	POOL	C	0.03%
	NI	A	0.03%
	NDSN	C	0.03%
	LVS	D	0.03%
	LNT	A	0.03%
	KIM	A	0.03%
	EQH	C	0.03%
	GGG	D	0.03%
	CF	B	0.03%
	VTRS	C	0.03%
	CAG	A	0.03%
	JBHT	C	0.03%
	L	B	0.03%
	OKTA	F	0.03%
	RBA	B	0.03%
	UAL	C	0.03%
	BG	D	0.03%
	SNA	D	0.03%
	AKAM	D	0.03%
	ZM	B	0.03%
	AMCR	B	0.03%
	ENPH	D	0.03%
	K	A	0.03%
	LYV	D	0.03%
	DOC	B	0.03%
	RPM	A	0.03%
	MANH	B	0.03%
	HEI	B	0.03%
	SUI	A	0.03%
	SSNC	B	0.03%
	CE	F	0.03%
	FDS	C	0.03%
	DGX	B	0.03%
	TPL	C	0.03%
	IEX	D	0.03%
	BMRN	D	0.03%
	MRO	C	0.03%
	LUV	A	0.03%
	IP	B	0.03%
	NRG	C	0.03%
	EXPE	C	0.03%
	MAA	B	0.03%
	VRSN	C	0.03%
	SWK	B	0.03%
	CLX	A	0.03%
	ZS	F	0.03%
	LPLA	D	0.03%
	BURL	B	0.03%
	CCL	D	0.03%
	EG	B	0.03%
	MAS	B	0.03%
	TSN	A	0.03%
	MDB	C	0.03%
	DRI	A	0.03%
	AVY	B	0.03%
	ALGN	F	0.03%
	ULTA	D	0.03%
	CNP	D	0.03%
	TRU	B	0.03%
	EXPD	D	0.03%
	TXT	D	0.03%
	PKG	B	0.03%
	ENTG	D	0.03%
	WCC	D	0.02%
	WEX	C	0.02%
	CIEN	B	0.02%
	OGE	B	0.02%
	WSC	D	0.02%
	FCN	C	0.02%
	HLI	B	0.02%
	SOFI	D	0.02%
	CBSH	B	0.02%
	AXTA	C	0.02%
	NCLH	D	0.02%
	CROX	C	0.02%
	NNN	A	0.02%
	GMED	C	0.02%
	ITCI	C	0.02%
	INGR	A	0.02%
	NOV	F	0.02%
	BWA	D	0.02%
	GLOB	C	0.02%
	EXAS	B	0.02%
	SOLV	B	0.02%
	AA	F	0.02%
	BBWI	F	0.02%
	RBC	C	0.02%
	WBS	D	0.02%
	MKTX	A	0.02%
	ACI	D	0.02%
	MHK	B	0.02%
	KNX	D	0.02%
	DINO	F	0.02%
	AR	F	0.02%
	MKSI	F	0.02%
	WYNN	D	0.02%
	WBA	F	0.02%
	PAYC	D	0.02%
	COLD	B	0.02%
	CGNX	D	0.02%
	MORN	C	0.02%
	CHE	C	0.02%
	LW	D	0.02%
	CZR	D	0.02%
	GL	B	0.02%
	TKO	B	0.02%
	DAY	C	0.02%
	NYT	C	0.02%
	KBR	C	0.02%
	SF	C	0.02%
	ARMK	A	0.02%
	EGP	B	0.02%
	HAS	B	0.02%
	FOXA	B	0.02%
	SNX	D	0.02%
	OHI	A	0.02%
	RGLD	C	0.02%
	CPB	A	0.02%
	BWXT	C	0.02%
	DCI	C	0.02%
	TPR	B	0.02%
	GPK	B	0.02%
	GNRC	C	0.02%
	TAP	C	0.02%
	X	F	0.02%
	COHR	C	0.02%
	HSIC	C	0.02%
	FRT	A	0.02%
	HRL	A	0.02%
	CNH	C	0.02%
	RGEN	C	0.02%
	AFG	A	0.02%
	MOS	F	0.02%
	PNW	A	0.02%
	ATR	A	0.02%
	QGEN	B	0.02%
	CHDN	D	0.02%
	CHK	F	0.02%
	KNSL	B	0.02%
	TTC	D	0.02%
	MTCH	B	0.02%
	DOX	C	0.02%
	WTRG	D	0.02%
	CHRW	B	0.02%
	FND	C	0.02%
	TWLO	D	0.02%
	CCK	A	0.02%
	MGM	F	0.02%
	OLED	D	0.02%
	TFX	A	0.02%
	LAMR	B	0.02%
	HEI	B	0.02%
	CUBE	A	0.02%
	CTLT	A	0.02%
	RRX	D	0.02%
	UNM	B	0.02%
	ALB	F	0.02%
	REXR	B	0.02%
	CG	D	0.02%
	RPRX	B	0.02%
	LKQ	D	0.02%
	HII	B	0.02%
	APA	F	0.02%
	BXP	A	0.02%
	DOCU	A	0.02%
	LECO	F	0.02%
	SW	D	0.02%
	TTEK	B	0.02%
	DT	A	0.02%
	QRVO	D	0.02%
	CPT	B	0.02%
	SCI	B	0.02%
	ITT	C	0.02%
	TOST	D	0.02%
	TXRH	D	0.02%
	BJ	D	0.02%
	EPAM	C	0.02%
	FFIV	B	0.02%
	JLL	B	0.02%
	RNR	A	0.02%
	INCY	C	0.02%
	EMN	C	0.02%
	JNPR	A	0.02%
	ALLE	B	0.02%
	IPG	B	0.02%
	HST	D	0.02%
	AMH	A	0.02%
	SJM	A	0.02%
	ACM	B	0.02%
	UHS	B	0.02%
	REG	A	0.02%
	JKHY	B	0.02%
	OVV	F	0.02%
	CRL	F	0.02%
	AES	D	0.02%
	WPC	A	0.02%
	ELS	A	0.02%
	TECH	D	0.02%
	CWEN	B	0.01%
	ZG	B	0.01%
	COLM	B	0.01%
	NCNO	D	0.01%
	CLVT	C	0.01%
	RNG	D	0.01%
	NWS	C	0.01%
	NVST	C	0.01%
	VAC	F	0.01%
	MPW	C	0.01%
	DV	F	0.01%
	WEN	C	0.01%
	PENN	F	0.01%
	BHF	D	0.01%
	CERE	A	0.01%
	AMED	B	0.01%
	LCID	B	0.01%
	PEGA	B	0.01%
	NSA	A	0.01%
	PK	D	0.01%
	FHB	C	0.01%
	HIW	B	0.01%
	HCP	B	0.01%
	TDC	F	0.01%
	TNL	D	0.01%
	FIVN	F	0.01%
	DNB	B	0.01%
	IRDM	D	0.01%
	DOCS	B	0.01%
	EPR	B	0.01%
	AZTA	F	0.01%
	CNXC	C	0.01%
	SMG	C	0.01%
	ZI	F	0.01%
	BROS	D	0.01%
	LITE	C	0.01%
	NWL	A	0.01%
	YETI	D	0.01%
	LSXMK	C	0.01%
	MAN	D	0.01%
	CHH	C	0.01%
	DXC	A	0.01%
	CC	F	0.01%
	AMKR	F	0.01%
	AAP	F	0.01%
	MSGS	B	0.01%
	RARE	B	0.01%
	CPRI	C	0.01%
	PRGO	C	0.01%
	HUN	D	0.01%
	MSM	D	0.01%
	IAC	C	0.01%
	COTY	F	0.01%
	WU	C	0.01%
	FIVE	F	0.01%
	APLS	C	0.01%
	FOUR	B	0.01%
	FLO	A	0.01%
	INSP	A	0.01%
	BYD	B	0.01%
	CUZ	A	0.01%
	SLGN	B	0.01%
	SPR	D	0.01%
	RH	F	0.01%
	KRC	B	0.01%
	PII	D	0.01%
	EEFT	D	0.01%
	WTM	B	0.01%
	HOG	B	0.01%
	DLB	F	0.01%
	RYN	B	0.01%
	FOX	B	0.01%
	GAP	F	0.01%
	MASI	D	0.01%
	PATH	D	0.01%
	AVT	C	0.01%
	ALK	D	0.01%
	ASH	D	0.01%
	JHG	B	0.01%
	U	D	0.01%
	AN	C	0.01%
	THG	A	0.01%
	GFS	F	0.01%
	W	F	0.01%
	OZK	D	0.01%
	IDA	A	0.01%
	WLK	D	0.01%
	SN	A	0.01%
	VNO	B	0.01%
	BILL	C	0.01%
	S	D	0.01%
	AL	D	0.01%
	THO	C	0.01%
	NFG	B	0.01%
	UGI	C	0.01%
	WHR	D	0.01%
	SON	A	0.01%
	SRCL	A	0.01%
	POST	B	0.01%
	OLN	F	0.01%
	HXL	F	0.01%
	BC	D	0.01%
	SEE	D	0.01%
	MDU	D	0.01%
	COLB	B	0.01%
	FNB	C	0.01%
	TKR	D	0.01%
	XRAY	D	0.01%
	NXST	D	0.01%
	LNC	C	0.01%
	OGN	C	0.01%
	AXS	B	0.01%
	AGCO	F	0.01%
	STWD	C	0.01%
	VMI	C	0.01%
	AMG	C	0.01%
	VVV	D	0.01%
	ST	D	0.01%
	ACHC	B	0.01%
	WH	A	0.01%
	DBX	D	0.01%
	R	C	0.01%
	G	B	0.01%
	GME	C	0.01%
	CFLT	F	0.01%
	VFC	B	0.01%
	ESI	D	0.01%
	GTLB	C	0.01%
	FAF	A	0.01%
	SMAR	A	0.01%
	PEN	C	0.01%
	RLI	B	0.01%
	DAR	D	0.01%
	LPX	B	0.01%
	RYAN	B	0.01%
	IVZ	C	0.01%
	H	C	0.01%
	SAIC	B	0.01%
	PLNT	A	0.01%
	RHI	D	0.01%
	BEN	F	0.01%
	BIO	A	0.01%
	FLS	C	0.01%
	MAT	C	0.01%
	LFUS	C	0.01%
	PB	B	0.01%
	SITE	C	0.01%
	ARW	B	0.01%
	PCTY	C	0.01%
	JAZZ	D	0.01%
	GXO	D	0.01%
	LSTR	D	0.01%
	PARA	F	0.01%
	SNV	C	0.01%
	CFR	C	0.01%
	BSY	D	0.01%
	BFAM	B	0.01%
	LEA	F	0.01%
	ADC	A	0.01%
	SEIC	D	0.01%
	CIVI	F	0.01%
	XP	C	0.01%
	AGNC	A	0.01%
	OSK	D	0.01%
	MTZ	C	0.01%
	MTN	C	0.01%
	AAL	C	0.01%
	CRUS	C	0.01%
	SWN	F	0.01%
	MIDD	D	0.01%
	BRKR	C	0.01%
	CLF	F	0.01%
	IONS	D	0.01%
	MTDR	F	0.01%
	FMC	C	0.01%
	GNTX	D	0.01%
	LSCC	F	0.01%
	STAG	B	0.01%
	PNFP	B	0.01%
	ROKU	C	0.01%
	DTM	B	0.01%
	ZION	C	0.01%
	Z	B	0.01%
	FR	B	0.01%
	CMA	B	0.01%
	VOYA	B	0.01%
	LBRDK	C	0.01%
	RRC	F	0.01%
	PCOR	F	0.01%
	ETSY	F	0.01%
	BRX	A	0.01%
	BERY	B	0.01%
	LAD	C	0.01%
	AMC	D	0.0%
	CWEN	B	0.0%
	PLTK	D	0.0%
	SIRI	F	0.0%
	TFSL	C	0.0%
	UI	B	0.0%
	PYCR	C	0.0%
	SEB	C	0.0%
	UA	B	0.0%
	LBRDA	C	0.0%
	CNA	B	0.0%
	SNDR	B	0.0%
	NFE	F	0.0%
	REYN	A	0.0%
	INFA	F	0.0%
	UAA	B	0.0%
	LEG	D	0.0%
	SHC	A	0.0%
	VSTS	C	0.0%
	MP	C	0.0%
	CAR	F	0.0%
	ALGM	F	0.0%
	CERT	F	0.0%
	GO	F	0.0%
	TRIP	F	0.0%
	RCM	B	0.0%
	HAYW	B	0.0%
	TXG	D	0.0%
	IPGP	F	0.0%
	CRI	C	0.0%
	BOKF	B	0.0%
	QS	F	0.0%
	HHH	B	0.0%
	ADTN	F	0.0%
	JWN	A	0.0%
	BIRK	F	0.0%
	KSS	F	0.0%
	WOLF	F	0.0%
	PINC	A	0.0%
	AGR	B	0.0%
	FTRE	F	0.0%
	ENOV	D	0.0%
	SAM	D	0.0%

VONE Underweight 347 Positions Relative to VFMO

	Symbol	Grade	Weight
	SMMT	B	-0.4%
	SKYW	D	-0.37%
	AROC	D	-0.36%
	SFM	B	-0.34%
	IBP	D	-0.29%
	GPOR	D	-0.28%
	CUBI	F	-0.28%
	FN	C	-0.28%
	BPMC	F	-0.26%
	ANF	D	-0.25%
	BLBD	D	-0.25%
	INSM	C	-0.23%
	SFL	D	-0.23%
	LBRT	D	-0.22%
	FBP	B	-0.22%
	TNK	D	-0.22%
	GFF	D	-0.21%
	PCVX	A	-0.21%
	ASPN	C	-0.21%
	STC	B	-0.21%
	AZZ	C	-0.21%
	OSCR	B	-0.2%
	REVG	C	-0.2%
	SM	D	-0.2%
	HLX	D	-0.2%
	CYTK	F	-0.2%
	IESC	C	-0.2%
	LRN	B	-0.2%
	VCTR	B	-0.19%
	ADMA	B	-0.19%
	POWL	C	-0.19%
	NSIT	C	-0.19%
	MLKN	D	-0.19%
	GKOS	B	-0.19%
	INSW	D	-0.19%
	LMB	B	-0.18%
	FULT	C	-0.18%
	JXN	C	-0.18%
	DHT	D	-0.18%
	LBPH	B	-0.18%
	BKD	D	-0.17%
	CSWI	C	-0.17%
	TDW	F	-0.17%
	COOP	B	-0.17%
	RNA	D	-0.17%
	WULF	D	-0.17%
	VERA	B	-0.16%
	MOG.A	C	-0.16%
	AIT	C	-0.16%
	INVA	B	-0.16%
	MOD	C	-0.16%
	MCY	B	-0.16%
	SKWD	A	-0.16%
	ATGE	C	-0.15%
	TPC	C	-0.15%
	CRNX	C	-0.15%
	RXST	B	-0.15%
	SGBX	F	-0.15%
	NAT	D	-0.15%
	HQY	D	-0.15%
	ASB	C	-0.15%
	BCC	C	-0.15%
	CADE	C	-0.15%
	RVMD	D	-0.14%
	NUVL	A	-0.14%
	TMHC	B	-0.14%
	LPG	F	-0.14%
	JANX	C	-0.14%
	RSI	D	-0.14%
	STRL	C	-0.14%
	VITL	D	-0.14%
	DYN	D	-0.14%
	NR	D	-0.14%
	AMR	F	-0.13%
	CDRE	D	-0.13%
	BGC	B	-0.13%
	AVAV	B	-0.13%
	ZIMV	D	-0.13%
	NHC	B	-0.13%
	HOV	B	-0.13%
	HUMA	D	-0.13%
	ROAD	C	-0.13%
	CLSK	F	-0.13%
	EWTX	D	-0.13%
	UTI	D	-0.13%
	AMRX	A	-0.13%
	MHO	B	-0.13%
	PTVE	D	-0.13%
	HURN	C	-0.12%
	BV	B	-0.12%
	TNC	D	-0.12%
	HCC	F	-0.12%
	GIII	A	-0.12%
	ARDX	D	-0.12%
	LQDA	F	-0.12%
	MTH	B	-0.12%
	TREE	B	-0.12%
	SCS	C	-0.12%
	CBZ	D	-0.11%
	TWST	F	-0.11%
	ANNX	B	-0.11%
	EYPT	F	-0.11%
	AMWD	D	-0.11%
	ACLX	A	-0.11%
	ACIC	D	-0.11%
	RYTM	A	-0.11%
	ALT	F	-0.11%
	KRYS	D	-0.11%
	CIFR	F	-0.11%
	YMAB	B	-0.11%
	TDS	B	-0.11%
	MATX	C	-0.11%
	OFG	B	-0.11%
	COLL	B	-0.11%
	ANAB	B	-0.11%
	BKU	B	-0.11%
	HY	F	-0.11%
	GNK	D	-0.11%
	ENSG	B	-0.11%
	HRTX	F	-0.11%
	EVER	D	-0.11%
	PRIM	C	-0.11%
	RUSHA	C	-0.11%
	CMPR	B	-0.11%
	GBX	D	-0.1%
	MARA	F	-0.1%
	CXW	D	-0.1%
	ITGR	A	-0.1%
	NPO	D	-0.1%
	REX	F	-0.1%
	EU	F	-0.1%
	NNBR	D	-0.1%
	EGY	D	-0.1%
	AUR	B	-0.1%
	SRRK	D	-0.1%
	PTGX	B	-0.1%
	MTX	D	-0.1%
	TARS	B	-0.1%
	NRIX	B	-0.1%
	GOGL	D	-0.1%
	CRS	B	-0.1%
	AGM	D	-0.1%
	GEO	D	-0.1%
	NKTX	F	-0.1%
	HNI	B	-0.1%
	STNG	D	-0.1%
	MSGE	B	-0.09%
	ORIC	C	-0.09%
	SPNT	B	-0.09%
	BELFB	D	-0.09%
	DAWN	D	-0.09%
	TMDX	C	-0.09%
	GNW	B	-0.09%
	EOLS	B	-0.09%
	UEC	F	-0.09%
	ABCB	B	-0.09%
	CENX	F	-0.09%
	SLVM	B	-0.09%
	SHAK	C	-0.09%
	PRMW	A	-0.09%
	PETQ	A	-0.09%
	TILE	B	-0.09%
	FOR	D	-0.09%
	IDYA	D	-0.09%
	TK	D	-0.09%
	CGEM	B	-0.09%
	CECO	D	-0.09%
	METC	F	-0.09%
	HCI	A	-0.09%
	OII	C	-0.09%
	ANIP	D	-0.09%
	SIGA	D	-0.08%
	IMVT	B	-0.08%
	KROS	B	-0.08%
	SWTX	C	-0.08%
	GRND	C	-0.08%
	SXI	C	-0.08%
	VECO	F	-0.08%
	GRBK	B	-0.08%
	BASE	D	-0.08%
	TROX	F	-0.08%
	RDNT	B	-0.08%
	GERN	D	-0.08%
	ACMR	F	-0.08%
	MAX	B	-0.08%
	BOH	B	-0.08%
	PLAY	F	-0.08%
	BBIO	B	-0.08%
	KALV	D	-0.08%
	SMTC	B	-0.08%
	IOVA	C	-0.08%
	KURA	D	-0.08%
	FG	D	-0.08%
	PRCT	B	-0.08%
	AEO	D	-0.08%
	MLI	B	-0.08%
	SOUN	D	-0.08%
	INOD	D	-0.07%
	AMAL	B	-0.07%
	OSW	D	-0.07%
	UVV	B	-0.07%
	PRDO	D	-0.07%
	OCUL	B	-0.07%
	RDN	B	-0.07%
	DFH	C	-0.07%
	LAUR	C	-0.07%
	CHCO	B	-0.07%
	ICFI	B	-0.07%
	KTB	B	-0.07%
	AGIO	C	-0.07%
	WINA	D	-0.07%
	PATK	B	-0.07%
	HEES	F	-0.07%
	WOR	F	-0.07%
	ANDE	D	-0.07%
	ALKT	C	-0.07%
	CDE	D	-0.07%
	VSEC	C	-0.07%
	ALXO	F	-0.07%
	HWKN	B	-0.07%
	WTS	D	-0.06%
	UVE	B	-0.06%
	NVRI	C	-0.06%
	AIR	D	-0.06%
	SVRA	D	-0.06%
	WEAV	C	-0.06%
	BAND	F	-0.06%
	UFPT	B	-0.06%
	OLMA	D	-0.06%
	JOE	C	-0.06%
	TNDM	B	-0.06%
	ACVA	B	-0.06%
	SIG	F	-0.06%
	MDXG	F	-0.06%
	KOP	D	-0.06%
	SPRY	B	-0.06%
	SANA	D	-0.06%
	TGI	D	-0.05%
	ACT	A	-0.05%
	TRMK	B	-0.05%
	ALTR	D	-0.05%
	PRK	B	-0.05%
	WDFC	A	-0.05%
	NTB	B	-0.05%
	LZB	C	-0.05%
	FDMT	F	-0.05%
	JELD	F	-0.05%
	CENT	D	-0.05%
	VCEL	C	-0.05%
	STEP	B	-0.05%
	ARLO	F	-0.05%
	PBF	F	-0.05%
	FSS	D	-0.05%
	CAL	B	-0.05%
	ACA	D	-0.05%
	TPH	B	-0.05%
	CASH	A	-0.05%
	CRAI	D	-0.05%
	CSTL	A	-0.05%
	AGYS	C	-0.05%
	ZEUS	F	-0.05%
	GMS	D	-0.05%
	QNST	B	-0.05%
	DFIN	B	-0.04%
	PRM	B	-0.04%
	SB	D	-0.04%
	BLX	A	-0.04%
	MTRN	D	-0.04%
	MBI	F	-0.04%
	PAR	B	-0.04%
	TPB	A	-0.04%
	PNTG	B	-0.04%
	PI	C	-0.04%
	AX	C	-0.04%
	PACK	D	-0.04%
	CTS	D	-0.04%
	CMRE	D	-0.04%
	IBOC	C	-0.04%
	INZY	D	-0.04%
	DAKT	D	-0.04%
	ARCT	F	-0.04%
	OCGN	F	-0.04%
	OSIS	C	-0.04%
	HIMS	F	-0.04%
	URGN	F	-0.04%
	KTOS	C	-0.04%
	MRSN	F	-0.04%
	CRVL	B	-0.04%
	SHOO	C	-0.04%
	PFBC	C	-0.04%
	VRNS	C	-0.04%
	NMRK	A	-0.04%
	CRDO	C	-0.04%
	SPOK	D	-0.04%
	MYRG	F	-0.03%
	LYTS	B	-0.03%
	TRN	C	-0.03%
	GOLF	C	-0.03%
	PRG	B	-0.03%
	MBIN	C	-0.03%
	PFSI	A	-0.03%
	SCVL	B	-0.03%
	EPAC	C	-0.03%
	NMIH	B	-0.03%
	GPI	B	-0.03%
	URBN	D	-0.03%
	GIC	F	-0.03%
	STNE	F	-0.03%
	XERS	B	-0.03%
	CCS	B	-0.03%
	LOB	B	-0.03%
	SEMR	D	-0.03%
	ARCH	F	-0.03%
	MIR	D	-0.03%
	CNX	B	-0.03%
	CDLX	F	-0.03%
	SXC	F	-0.03%
	RAMP	F	-0.03%
	PARR	F	-0.03%
	DXPE	B	-0.03%
	EAT	B	-0.03%
	ROCK	D	-0.03%
	THR	D	-0.03%
	GSHD	A	-0.02%
	IDT	B	-0.02%
	CRMD	B	-0.02%
	BHE	C	-0.02%
	CCOI	A	-0.02%
	PFC	B	-0.02%
	AGX	A	-0.02%
	USLM	C	-0.02%
	CPF	B	-0.02%
	FBK	B	-0.02%
	PLMR	B	-0.02%
	SPNS	D	-0.02%
	ATRO	C	-0.02%
	KRUS	D	-0.02%
	ITRI	D	-0.02%
	KALU	F	-0.02%
	MITK	F	-0.02%
	PAGS	F	-0.02%
	WRLD	D	-0.02%
	LEU	F	-0.02%
	ZETA	B	-0.02%
	CPS	D	-0.02%
	SCSC	C	-0.02%
	ASC	D	-0.02%

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

VFMO: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Diversified Industrials Software - Infrastructure Building Materials Engineering & Construction Shipping & Ports Insurance - Property & Casualty Residential Construction Asset Management Information Technology Services Aerospace & Defense Electronic Components Business Services Medical Devices Oil & Gas E&P Oil & Gas Equipment & Services Specialty Chemicals Capital Markets

Keywords: S&P 500 Medicine Bank Insurance Banking Biopharmaceutical IBD 50 Mining Aerospace Computing Nasdaq 100 Cancer Construction Electronics Biotechnology Chemical Clinical Medicine Building Materials Natural Gas Deposit Products