VONV vs. ACVF ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to American Conservative Values ETF (ACVF)

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

$87.52

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

ACVF

American Conservative Values ETF

ACVF Description

The investment seeks to achieve long-term capital appreciation; capital preservation is the secondary objective. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of U.S. companies that meet its politically conservative criteria. The equity securities in which It invests will generally be those of companies with large market capitalizations.

Grade (RS Rating)

Last Trade

$45.63

Average Daily Volume

7,781

Number of Holdings ^*

363

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ACVF
30 Days	3.51%	3.66%
60 Days	4.96%	5.20%
90 Days	7.00%	6.60%
12 Months	29.73%	31.26%

315 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ACVF	Overlap
	A	D	0.15%	0.06%	0.06%
	AAL	B	0.03%	0.07%	0.03%
	AAP	C	0.01%	0.01%	0.01%
	ABBV	D	0.82%	0.77%	0.77%
	ABT	B	0.78%	0.52%	0.52%
	ACN	C	0.87%	0.86%	0.86%
	ADI	D	0.44%	0.45%	0.44%
	ADM	D	0.11%	0.07%	0.07%
	ADP	B	0.03%	0.38%	0.03%
	AEE	A	0.09%	0.01%	0.01%
	AEP	D	0.21%	0.04%	0.04%
	AES	F	0.05%	0.01%	0.01%
	AFL	B	0.23%	0.06%	0.06%
	AIG	B	0.2%	0.05%	0.05%
	AJG	B	0.23%	0.05%	0.05%
	ALB	C	0.04%	0.01%	0.01%
	ALL	A	0.17%	0.05%	0.05%
	AMAT	F	0.05%	0.49%	0.05%
	AMCR	D	0.06%	0.04%	0.04%
	AMD	F	0.32%	0.55%	0.32%
	AME	A	0.17%	0.07%	0.07%
	AMGN	D	0.15%	0.36%	0.15%
	AMP	A	0.02%	0.2%	0.02%
	ANSS	B	0.11%	0.18%	0.11%
	AON	A	0.29%	0.17%	0.17%
	APD	A	0.28%	0.18%	0.18%
	APH	A	0.13%	0.2%	0.13%
	APTV	D	0.06%	0.04%	0.04%
	ARE	D	0.08%	0.02%	0.02%
	AVB	B	0.13%	0.06%	0.06%
	AWK	D	0.11%	0.03%	0.03%
	AZO	C	0.02%	0.27%	0.02%
	BA	F	0.34%	0.18%	0.18%
	BALL	D	0.07%	0.05%	0.05%
	BBWI	D	0.03%	0.02%	0.02%
	BBY	D	0.08%	0.05%	0.05%
	BDX	F	0.27%	0.14%	0.14%
	BEN	C	0.02%	0.01%	0.01%
	BIIB	F	0.1%	0.02%	0.02%
	BK	A	0.22%	0.07%	0.07%
	BKNG	A	0.04%	0.96%	0.04%
	BKR	B	0.15%	0.08%	0.08%
	BLDR	D	0.07%	0.14%	0.07%
	BMY	B	0.45%	0.35%	0.35%
	BR	A	0.01%	0.06%	0.01%
	BRK.A	B	3.3%	2.81%	2.81%
	BSX	B	0.49%	0.3%	0.3%
	BWA	D	0.03%	0.03%	0.03%
	C	A	0.49%	0.45%	0.45%
	CAH	B	0.04%	0.06%	0.04%
	CARR	D	0.2%	0.07%	0.07%
	CAT	B	0.63%	0.51%	0.51%
	CB	C	0.46%	0.38%	0.38%
	CBOE	B	0.09%	0.2%	0.09%
	CBRE	B	0.16%	0.14%	0.14%
	CCI	D	0.19%	0.1%	0.1%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.01%	0.01%
	CEG	D	0.28%	0.08%	0.08%
	CFG	B	0.08%	0.07%	0.07%
	CHD	B	0.1%	0.05%	0.05%
	CHRW	C	0.05%	0.03%	0.03%
	CHTR	C	0.12%	0.42%	0.12%
	CI	F	0.32%	0.57%	0.32%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.14%	0.22%	0.14%
	CME	A	0.32%	0.45%	0.32%
	CMI	A	0.18%	0.16%	0.16%
	CNC	D	0.13%	0.06%	0.06%
	CNP	B	0.07%	0.03%	0.03%
	COF	B	0.25%	0.16%	0.16%
	COP	C	0.51%	0.22%	0.22%
	CPRT	A	0.01%	0.53%	0.01%
	CSCO	B	0.89%	1.57%	0.89%
	CSX	B	0.26%	0.19%	0.19%
	CTAS	B	0.01%	0.39%	0.01%
	CTSH	B	0.15%	0.24%	0.15%
	CTVA	C	0.17%	0.11%	0.11%
	CVS	D	0.29%	0.18%	0.18%
	CVX	A	1.03%	0.75%	0.75%
	D	C	0.2%	0.03%	0.03%
	DASH	A	0.03%	0.32%	0.03%
	DD	D	0.14%	0.05%	0.05%
	DE	A	0.41%	0.41%	0.41%
	DFS	B	0.15%	0.34%	0.15%
	DG	F	0.07%	0.06%	0.06%
	DHI	D	0.2%	0.12%	0.12%
	DHR	F	0.63%	0.48%	0.48%
	DLR	B	0.23%	0.12%	0.12%
	DLTR	F	0.05%	0.03%	0.03%
	DOW	F	0.14%	0.03%	0.03%
	DPZ	C	0.04%	0.04%	0.04%
	DRI	B	0.04%	0.06%	0.04%
	DTE	C	0.1%	0.04%	0.04%
	DUK	C	0.36%	0.13%	0.13%
	EA	A	0.16%	0.29%	0.16%
	EBAY	D	0.12%	0.09%	0.09%
	ECL	D	0.03%	0.15%	0.03%
	ED	D	0.14%	0.01%	0.01%
	EFX	F	0.1%	0.07%	0.07%
	EIX	B	0.13%	0.06%	0.06%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.32%	0.33%	0.32%
	EMR	A	0.25%	0.21%	0.21%
	EOG	A	0.28%	0.13%	0.13%
	EQIX	A	0.33%	0.25%	0.25%
	EQR	B	0.11%	0.06%	0.06%
	ES	D	0.09%	0.04%	0.04%
	ETN	A	0.53%	0.61%	0.53%
	ETSY	D	0.01%	0.05%	0.01%
	EW	C	0.13%	0.09%	0.09%
	EXC	C	0.16%	0.03%	0.03%
	EXPD	D	0.06%	0.04%	0.04%
	EXR	D	0.14%	0.02%	0.02%
	F	C	0.16%	0.12%	0.12%
	FAST	B	0.03%	0.11%	0.03%
	FCX	D	0.26%	0.19%	0.19%
	FDX	B	0.25%	0.16%	0.16%
	FE	C	0.1%	0.05%	0.05%
	FFIV	B	0.05%	0.21%	0.05%
	FI	A	0.31%	0.82%	0.31%
	FICO	B	0.03%	0.38%	0.03%
	FIS	C	0.2%	0.13%	0.13%
	FITB	A	0.12%	0.12%	0.12%
	FMC	D	0.03%	0.01%	0.01%
	FOX	A	0.02%	0.12%	0.02%
	FOXA	B	0.04%	0.14%	0.04%
	FTNT	C	0.04%	0.16%	0.04%
	FTRE	D	0.01%	0.0%	0.0%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.32%	0.07%	0.07%
	GE	D	0.59%	0.45%	0.45%
	GEHC	F	0.14%	0.07%	0.07%
	GEV	B	0.33%	0.22%	0.22%
	GILD	C	0.44%	0.09%	0.09%
	GIS	D	0.15%	0.07%	0.07%
	GLW	B	0.15%	0.08%	0.08%
	GPC	D	0.06%	0.05%	0.05%
	GPN	B	0.11%	0.18%	0.11%
	GRMN	B	0.12%	0.45%	0.12%
	GWW	B	0.02%	0.11%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.01%	0.0%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.09%	0.09%
	HD	A	0.32%	1.75%	0.32%
	HES	B	0.05%	0.04%	0.04%
	HIG	B	0.13%	0.07%	0.07%
	HLT	A	0.11%	0.18%	0.11%
	HOLX	D	0.07%	0.02%	0.02%
	HON	B	0.45%	0.46%	0.45%
	HPE	B	0.1%	0.23%	0.1%
	HPQ	B	0.11%	0.15%	0.11%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.05%	0.05%
	HUM	C	0.12%	0.18%	0.12%
	ICE	C	0.35%	0.39%	0.35%
	IFF	D	0.1%	0.02%	0.02%
	ILMN	D	0.09%	0.05%	0.05%
	INCY	C	0.04%	0.02%	0.02%
	INTC	D	0.37%	0.31%	0.31%
	IP	B	0.08%	0.07%	0.07%
	IPG	D	0.04%	0.18%	0.04%
	IQV	D	0.13%	0.07%	0.07%
	IR	B	0.15%	0.07%	0.07%
	ITW	B	0.19%	0.14%	0.14%
	IVZ	B	0.03%	0.0%	0.0%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.02%	0.02%
	JBL	B	0.05%	0.16%	0.05%
	JCI	C	0.17%	0.19%	0.17%
	KEY	B	0.06%	0.04%	0.04%
	KEYS	A	0.1%	0.06%	0.06%
	KHC	F	0.12%	0.05%	0.05%
	KKR	A	0.27%	0.23%	0.23%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.19%	0.12%	0.12%
	KR	B	0.15%	0.04%	0.04%
	KSS	F	0.01%	0.05%	0.01%
	L	A	0.06%	0.04%	0.04%
	LAD	A	0.04%	0.14%	0.04%
	LEN	D	0.16%	0.09%	0.09%
	LEN	D	0.01%	0.09%	0.01%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.19%	0.13%	0.13%
	LIN	D	0.88%	0.85%	0.85%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.33%	0.32%
	LUV	C	0.07%	0.06%	0.06%
	LYB	F	0.09%	0.04%	0.04%
	MAA	B	0.07%	0.01%	0.01%
	MAR	B	0.24%	0.48%	0.24%
	MCD	D	0.79%	1.0%	0.79%
	MCHP	D	0.16%	0.06%	0.06%
	MCK	B	0.15%	0.28%	0.15%
	MDLZ	F	0.37%	0.64%	0.37%
	MDT	D	0.46%	0.28%	0.28%
	MET	A	0.18%	0.26%	0.18%
	MGM	D	0.03%	0.08%	0.03%
	MKC	D	0.08%	0.03%	0.03%
	MKTX	D	0.04%	0.02%	0.02%
	MMC	B	0.37%	0.26%	0.26%
	MMM	D	0.23%	0.09%	0.09%
	MNST	C	0.03%	0.18%	0.03%
	MO	A	0.37%	0.24%	0.24%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.21%	0.29%	0.21%
	MS	A	0.51%	0.33%	0.33%
	MSCI	C	0.07%	0.05%	0.05%
	MSI	B	0.16%	0.83%	0.16%
	MTD	D	0.11%	0.0%	0.0%
	MU	D	0.44%	0.32%	0.32%
	NEE	D	0.65%	0.54%	0.54%
	NEM	D	0.21%	0.07%	0.07%
	NOC	D	0.28%	0.18%	0.18%
	NSC	B	0.23%	0.05%	0.05%
	NTRS	A	0.08%	0.08%	0.08%
	NUE	C	0.14%	0.09%	0.09%
	NWS	B	0.01%	0.13%	0.01%
	NWSA	B	0.04%	0.13%	0.04%
	O	D	0.21%	0.02%	0.02%
	OKE	A	0.23%	0.09%	0.09%
	OMC	C	0.08%	0.29%	0.08%
	ORLY	B	0.02%	0.46%	0.02%
	OTIS	C	0.16%	0.05%	0.05%
	OXY	D	0.13%	0.09%	0.09%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.13%	0.11%
	PCAR	B	0.21%	0.14%	0.14%
	PEG	A	0.18%	0.09%	0.09%
	PEP	F	0.19%	0.88%	0.19%
	PFG	D	0.08%	0.03%	0.03%
	PG	A	1.21%	1.59%	1.21%
	PH	A	0.32%	0.19%	0.19%
	PHM	D	0.11%	0.03%	0.03%
	PKG	A	0.08%	0.04%	0.04%
	PLD	D	0.42%	0.33%	0.33%
	PM	B	0.83%	0.61%	0.61%
	PNC	B	0.3%	0.33%	0.3%
	PPG	F	0.12%	0.07%	0.07%
	PRU	A	0.18%	0.05%	0.05%
	PSA	D	0.18%	0.15%	0.15%
	PVH	C	0.02%	0.02%	0.02%
	PWR	A	0.12%	0.03%	0.03%
	QCOM	F	0.05%	0.51%	0.05%
	RBA	A	0.06%	0.17%	0.06%
	RCL	A	0.13%	0.11%	0.11%
	REGN	F	0.32%	0.2%	0.2%
	RF	A	0.09%	0.08%	0.08%
	RJF	A	0.11%	0.09%	0.09%
	RKT	F	0.01%	0.09%	0.01%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.04%	0.04%
	ROK	B	0.11%	0.03%	0.03%
	ROP	B	0.23%	0.45%	0.23%
	ROST	C	0.14%	0.31%	0.14%
	RSG	A	0.16%	0.38%	0.16%
	RTX	C	0.64%	0.43%	0.43%
	SBAC	D	0.1%	0.02%	0.02%
	SCHW	B	0.38%	0.2%	0.2%
	SHW	A	0.03%	0.2%	0.03%
	SKX	D	0.03%	0.12%	0.03%
	SLB	C	0.23%	0.15%	0.15%
	SO	D	0.4%	0.76%	0.4%
	SOLV	C	0.04%	0.01%	0.01%
	SPG	B	0.16%	0.08%	0.08%
	SPGI	C	0.6%	0.62%	0.6%
	SRE	A	0.21%	0.04%	0.04%
	STT	A	0.11%	0.1%	0.1%
	STZ	D	0.15%	0.17%	0.15%
	SW	A	0.11%	0.03%	0.03%
	SYF	B	0.09%	0.01%	0.01%
	SYK	C	0.36%	0.31%	0.31%
	SYY	B	0.06%	0.03%	0.03%
	T	A	0.65%	0.19%	0.19%
	TDG	D	0.23%	0.12%	0.12%
	TFC	A	0.23%	0.2%	0.2%
	TJX	A	0.21%	0.88%	0.21%
	TMO	F	0.84%	0.5%	0.5%
	TMUS	B	0.43%	1.04%	0.43%
	TPR	B	0.04%	0.03%	0.03%
	TROW	B	0.1%	0.07%	0.07%
	TRV	B	0.22%	0.05%	0.05%
	TT	A	0.22%	0.18%	0.18%
	TTWO	A	0.11%	0.22%	0.11%
	TXN	C	0.65%	0.55%	0.55%
	TYL	B	0.02%	0.05%	0.02%
	UA	C	0.01%	0.06%	0.01%
	UAA	C	0.01%	0.06%	0.01%
	UAL	A	0.1%	0.06%	0.06%
	ULTA	F	0.01%	0.03%	0.01%
	UNP	C	0.3%	0.38%	0.3%
	UPS	C	0.39%	0.21%	0.21%
	USB	A	0.3%	0.26%	0.26%
	VLTO	D	0.06%	0.07%	0.06%
	VMC	B	0.11%	0.03%	0.03%
	VRSN	F	0.06%	0.34%	0.06%
	VRTX	F	0.25%	0.29%	0.25%
	VTR	C	0.11%	0.03%	0.03%
	WAB	B	0.13%	0.07%	0.07%
	WBA	F	0.03%	0.02%	0.02%
	WEC	A	0.12%	0.05%	0.05%
	WELL	A	0.33%	0.12%	0.12%
	WFC	A	0.91%	0.72%	0.72%
	WMB	A	0.25%	0.1%	0.1%
	WTW	B	0.12%	0.08%	0.08%
	WY	D	0.09%	0.04%	0.04%
	WYNN	D	0.04%	0.02%	0.02%
	XEL	A	0.15%	0.08%	0.08%
	XOM	B	2.1%	1.47%	1.47%
	XYL	D	0.12%	0.02%	0.02%
	YUM	B	0.09%	0.04%	0.04%
	ZBH	C	0.09%	0.03%	0.03%
	ZBRA	B	0.06%	0.21%	0.06%
	ZTS	D	0.06%	0.16%	0.06%

VONV Overweight 527 Positions Relative to ACVF

	Symbol	Grade	Weight
	JPM	A	2.55%
	UNH	C	1.94%
	JNJ	D	1.54%
	WMT	A	1.42%
	BAC	A	1.14%
	IBM	C	0.76%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	PFE	D	0.64%
	LOW	D	0.6%
	BLK	C	0.58%
	GS	A	0.48%
	KO	D	0.43%
	AXP	A	0.38%
	PYPL	B	0.32%
	TGT	F	0.28%
	MRVL	B	0.25%
	GM	B	0.23%
	PSX	C	0.2%
	KVUE	A	0.18%
	VLO	C	0.17%
	CRM	B	0.17%
	PCG	A	0.17%
	URI	B	0.16%
	DAL	C	0.15%
	KDP	D	0.15%
	HWM	A	0.15%
	MLM	B	0.14%
	NKE	D	0.14%
	ACGL	D	0.14%
	MSTR	C	0.14%
	MTB	A	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	CSGP	D	0.12%
	ON	D	0.12%
	NDAQ	A	0.12%
	DELL	C	0.11%
	PPL	B	0.1%
	DVN	F	0.1%
	LDOS	C	0.1%
	SBUX	A	0.1%
	NVR	D	0.1%
	DOV	A	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	STE	F	0.09%
	CCL	B	0.09%
	PGR	A	0.09%
	HUBB	B	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	INVH	D	0.08%
	STLD	B	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	CMS	C	0.08%
	FSLR	F	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	K	A	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	TSN	B	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	MRNA	F	0.07%
	MAS	D	0.07%
	CTRA	B	0.07%
	ESS	B	0.07%
	BAX	D	0.07%
	TRU	D	0.07%
	VTRS	A	0.06%
	CAG	D	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	BRO	B	0.06%
	SWKS	F	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	OC	A	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CPT	B	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	EG	C	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	NTAP	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	JKHY	D	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%
	HRL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	AOS	F	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	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%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	DOX	D	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%
	AVY	D	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	FDS	B	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%
	ALGN	D	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%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	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%
	MOH	F	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%
	MHK	D	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%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	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%
	LW	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%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	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%
	APA	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	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%
	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%
	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%
	GNRC	B	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%
	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%
	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%
	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%
	SNDR	B	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%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	SAM	C	0.01%
	YETI	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	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%
	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%
	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%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 49 Positions Relative to ACVF

	Symbol	Grade	Weight
	NVDA	C	-8.08%
	MSFT	F	-4.52%
	TSLA	B	-2.02%
	AVGO	D	-1.92%
	COST	B	-1.74%
	MA	C	-1.7%
	LLY	F	-1.4%
	ORCL	B	-1.21%
	NOW	A	-0.94%
	ADBE	C	-0.93%
	INTU	C	-0.86%
	ANET	C	-0.68%
	MRK	F	-0.65%
	ISRG	A	-0.64%
	UBER	D	-0.5%
	SNPS	B	-0.49%
	SPOT	B	-0.49%
	PANW	C	-0.48%
	CDNS	B	-0.46%
	WM	A	-0.44%
	BX	A	-0.43%
	MCO	B	-0.42%
	ABNB	C	-0.39%
	LRCX	F	-0.37%
	EXPE	B	-0.33%
	VRSK	A	-0.32%
	ADSK	A	-0.3%
	KLAC	D	-0.29%
	AMT	D	-0.2%
	WDAY	B	-0.2%
	IT	C	-0.19%
	TSCO	D	-0.19%
	NXPI	D	-0.17%
	CRWD	B	-0.16%
	MANH	D	-0.15%
	COR	B	-0.13%
	LYV	A	-0.11%
	PINS	D	-0.1%
	ODFL	B	-0.08%
	LVS	C	-0.05%
	DXCM	D	-0.05%
	VEEV	C	-0.04%
	IDXX	F	-0.04%
	STX	D	-0.04%
	POOL	C	-0.03%
	SLVM	B	-0.01%
	PHIN	A	-0.01%
	CLX	B	-0.01%
	EMBC	C	-0.0%

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

ACVF: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Semiconductors Specialty Retail Banks - Regional - US Capital Markets Drug Manufacturers - Major Specialty Chemicals Aerospace & Defense Household & Personal Products Medical Devices Utilities - Diversified Health Care Plans Insurance - Property & Casualty Integrated Shipping & Logistics Packaging & Containers

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