VONV vs. APUE ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	VONV	APUE
30 Days	3.51%	3.74%
60 Days	4.96%	4.87%
90 Days	7.00%	6.08%
12 Months	29.73%	33.10%

245 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in APUE	Overlap
	A	D	0.15%	0.09%	0.09%
	ABBV	D	0.82%	0.6%	0.6%
	ABT	B	0.78%	0.25%	0.25%
	ACGL	D	0.14%	0.06%	0.06%
	ACN	C	0.87%	0.58%	0.58%
	ADI	D	0.44%	0.29%	0.29%
	ADM	D	0.11%	0.03%	0.03%
	ADP	B	0.03%	0.17%	0.03%
	AEE	A	0.09%	0.1%	0.09%
	AEP	D	0.21%	0.22%	0.21%
	AFL	B	0.23%	0.41%	0.23%
	AIG	B	0.2%	0.14%	0.14%
	ALL	A	0.17%	0.08%	0.08%
	AMAT	F	0.05%	0.39%	0.05%
	AMD	F	0.32%	0.45%	0.32%
	AMGN	D	0.15%	0.18%	0.15%
	AON	A	0.29%	0.08%	0.08%
	APD	A	0.28%	0.09%	0.09%
	APH	A	0.13%	0.43%	0.13%
	APO	B	0.08%	0.06%	0.06%
	ARE	D	0.08%	0.07%	0.07%
	AVB	B	0.13%	0.08%	0.08%
	AWI	A	0.02%	0.38%	0.02%
	AXP	A	0.38%	0.39%	0.38%
	AXTA	A	0.03%	0.27%	0.03%
	BA	F	0.34%	0.06%	0.06%
	BAC	A	1.14%	0.49%	0.49%
	BALL	D	0.07%	0.13%	0.07%
	BEN	C	0.02%	0.07%	0.02%
	BK	A	0.22%	0.37%	0.22%
	BLK	C	0.58%	0.3%	0.3%
	BMY	B	0.45%	0.18%	0.18%
	BR	A	0.01%	0.29%	0.01%
	BRK.A	B	3.3%	1.84%	1.84%
	BRKR	D	0.01%	0.13%	0.01%
	BSX	B	0.49%	0.28%	0.28%
	C	A	0.49%	0.38%	0.38%
	CACC	D	0.0%	0.23%	0.0%
	CAH	B	0.04%	0.1%	0.04%
	CARR	D	0.2%	0.15%	0.15%
	CAT	B	0.63%	0.29%	0.29%
	CB	C	0.46%	0.06%	0.06%
	CBOE	B	0.09%	0.17%	0.09%
	CBRE	B	0.16%	0.07%	0.07%
	CCI	D	0.19%	0.08%	0.08%
	CCL	B	0.09%	0.16%	0.09%
	CEG	D	0.28%	0.11%	0.11%
	CI	F	0.32%	0.05%	0.05%
	CL	D	0.14%	0.1%	0.1%
	CMCSA	B	0.67%	0.27%	0.27%
	CMI	A	0.18%	0.11%	0.11%
	CNC	D	0.13%	0.03%	0.03%
	COF	B	0.25%	0.3%	0.25%
	COIN	C	0.02%	0.15%	0.02%
	COP	C	0.51%	0.24%	0.24%
	CPRT	A	0.01%	0.11%	0.01%
	CRBG	B	0.03%	0.07%	0.03%
	CRM	B	0.17%	0.62%	0.17%
	CSCO	B	0.89%	0.38%	0.38%
	CSGP	D	0.12%	0.06%	0.06%
	CTAS	B	0.01%	0.31%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.07%	0.07%
	CTVA	C	0.17%	0.06%	0.06%
	CVNA	B	0.07%	0.05%	0.05%
	CVS	D	0.29%	0.05%	0.05%
	CVX	A	1.03%	0.31%	0.31%
	DAL	C	0.15%	0.05%	0.05%
	DASH	A	0.03%	0.2%	0.03%
	DD	D	0.14%	0.1%	0.1%
	DE	A	0.41%	0.15%	0.15%
	DELL	C	0.11%	0.05%	0.05%
	DGX	A	0.07%	0.13%	0.07%
	DHI	D	0.2%	0.22%	0.2%
	DHR	F	0.63%	0.39%	0.39%
	DIS	B	0.71%	0.44%	0.44%
	DLR	B	0.23%	0.08%	0.08%
	DLTR	F	0.05%	0.02%	0.02%
	DOV	A	0.1%	0.14%	0.1%
	DRI	B	0.04%	0.08%	0.04%
	DTE	C	0.1%	0.02%	0.02%
	DUK	C	0.36%	0.4%	0.36%
	DVN	F	0.1%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.14%	0.15%	0.14%
	EFX	F	0.1%	0.09%	0.09%
	EG	C	0.05%	0.04%	0.04%
	ELV	F	0.32%	0.04%	0.04%
	EMR	A	0.25%	0.13%	0.13%
	EOG	A	0.28%	0.11%	0.11%
	EQR	B	0.11%	0.3%	0.11%
	ESI	A	0.02%	0.19%	0.02%
	ESS	B	0.07%	0.15%	0.07%
	ETN	A	0.53%	0.39%	0.39%
	ETR	B	0.13%	0.3%	0.13%
	EVRG	A	0.05%	0.16%	0.05%
	EW	C	0.13%	0.05%	0.05%
	EXR	D	0.14%	0.07%	0.07%
	FCX	D	0.26%	0.16%	0.16%
	FDX	B	0.25%	0.18%	0.18%
	FI	A	0.31%	0.33%	0.31%
	FNF	B	0.06%	0.13%	0.06%
	FOX	A	0.02%	0.14%	0.02%
	FOXA	B	0.04%	0.13%	0.04%
	FR	C	0.03%	0.18%	0.03%
	FSLR	F	0.08%	0.04%	0.04%
	GD	F	0.32%	0.06%	0.06%
	GE	D	0.59%	0.47%	0.47%
	GEN	B	0.06%	0.05%	0.05%
	GEV	B	0.33%	0.14%	0.14%
	GILD	C	0.44%	0.16%	0.16%
	GIS	D	0.15%	0.01%	0.01%
	GM	B	0.23%	0.22%	0.22%
	GPN	B	0.11%	0.05%	0.05%
	GRMN	B	0.12%	0.15%	0.12%
	GS	A	0.48%	0.32%	0.32%
	GWW	B	0.02%	0.27%	0.02%
	HCA	F	0.2%	0.31%	0.2%
	HD	A	0.32%	0.59%	0.32%
	HIG	B	0.13%	0.12%	0.12%
	HOLX	D	0.07%	0.12%	0.07%
	HON	B	0.45%	0.3%	0.3%
	HST	C	0.05%	0.0%	0.0%
	HUBB	B	0.09%	0.04%	0.04%
	HWM	A	0.15%	0.16%	0.15%
	IBKR	A	0.06%	0.05%	0.05%
	IBM	C	0.76%	0.42%	0.42%
	ICE	C	0.35%	0.15%	0.15%
	IP	B	0.08%	0.16%	0.08%
	IR	B	0.15%	0.05%	0.05%
	IRM	D	0.06%	0.16%	0.06%
	J	F	0.07%	0.04%	0.04%
	JKHY	D	0.05%	0.23%	0.05%
	JNJ	D	1.54%	0.89%	0.89%
	JPM	A	2.55%	1.5%	1.5%
	KHC	F	0.12%	0.07%	0.07%
	KKR	A	0.27%	0.21%	0.21%
	KMB	D	0.11%	0.13%	0.11%
	KO	D	0.43%	0.42%	0.42%
	KR	B	0.15%	0.09%	0.09%
	KVUE	A	0.18%	0.07%	0.07%
	L	A	0.06%	0.25%	0.06%
	LEN	D	0.01%	0.15%	0.01%
	LEN	D	0.16%	0.15%	0.15%
	LEN	D	0.16%	0.2%	0.16%
	LEN	D	0.01%	0.2%	0.01%
	LIN	D	0.88%	0.33%	0.33%
	LMT	D	0.32%	0.15%	0.15%
	LNG	B	0.09%	0.07%	0.07%
	LOW	D	0.6%	0.35%	0.35%
	LW	C	0.03%	0.25%	0.03%
	MAS	D	0.07%	0.24%	0.07%
	MCD	D	0.79%	0.23%	0.23%
	MCK	B	0.15%	0.11%	0.11%
	MDLZ	F	0.37%	0.28%	0.28%
	MDT	D	0.46%	0.33%	0.33%
	MKL	A	0.06%	0.07%	0.06%
	MNST	C	0.03%	0.04%	0.03%
	MO	A	0.37%	0.47%	0.37%
	MPC	D	0.21%	0.13%	0.13%
	MS	A	0.51%	0.23%	0.23%
	MSTR	C	0.14%	0.03%	0.03%
	MTN	C	0.0%	0.14%	0.0%
	MU	D	0.44%	0.16%	0.16%
	NDAQ	A	0.12%	0.06%	0.06%
	NEE	D	0.65%	0.2%	0.2%
	NEM	D	0.21%	0.07%	0.07%
	NEU	C	0.01%	0.23%	0.01%
	NI	A	0.06%	0.18%	0.06%
	NTAP	C	0.05%	0.05%	0.05%
	NUE	C	0.14%	0.04%	0.04%
	NWS	B	0.01%	0.05%	0.01%
	PCAR	B	0.21%	0.31%	0.21%
	PCG	A	0.17%	0.12%	0.12%
	PEG	A	0.18%	0.14%	0.14%
	PEP	F	0.19%	0.32%	0.19%
	PFE	D	0.64%	0.25%	0.25%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.99%	0.99%
	PGR	A	0.09%	0.26%	0.09%
	PH	A	0.32%	0.33%	0.32%
	PHM	D	0.11%	0.29%	0.11%
	PKG	A	0.08%	0.07%	0.07%
	PLD	D	0.42%	0.18%	0.18%
	PM	B	0.83%	0.25%	0.25%
	POST	C	0.02%	0.27%	0.02%
	PPL	B	0.1%	0.19%	0.1%
	PSX	C	0.2%	0.05%	0.05%
	PWR	A	0.12%	0.11%	0.11%
	PYPL	B	0.32%	0.15%	0.15%
	QCOM	F	0.05%	0.48%	0.05%
	RCL	A	0.13%	0.08%	0.08%
	REGN	F	0.32%	0.18%	0.18%
	REYN	D	0.01%	0.15%	0.01%
	RKT	F	0.01%	0.02%	0.01%
	ROK	B	0.11%	0.08%	0.08%
	ROP	B	0.23%	0.17%	0.17%
	ROST	C	0.14%	0.06%	0.06%
	RSG	A	0.16%	0.05%	0.05%
	RTX	C	0.64%	0.21%	0.21%
	SHW	A	0.03%	0.27%	0.03%
	SLB	C	0.23%	0.05%	0.05%
	SNA	A	0.07%	0.27%	0.07%
	SO	D	0.4%	0.22%	0.22%
	SPG	B	0.16%	0.46%	0.16%
	SPGI	C	0.6%	0.26%	0.26%
	SQ	B	0.09%	0.06%	0.06%
	STLD	B	0.08%	0.11%	0.08%
	STT	A	0.11%	0.09%	0.09%
	SWKS	F	0.06%	0.1%	0.06%
	SYF	B	0.09%	0.11%	0.09%
	SYK	C	0.36%	0.38%	0.36%
	T	A	0.65%	0.43%	0.43%
	TGT	F	0.28%	0.16%	0.16%
	THG	A	0.02%	0.25%	0.02%
	TJX	A	0.21%	0.32%	0.21%
	TMO	F	0.84%	0.29%	0.29%
	TMUS	B	0.43%	0.41%	0.41%
	TT	A	0.22%	0.17%	0.17%
	TTC	D	0.03%	0.19%	0.03%
	TW	A	0.04%	0.07%	0.04%
	TXN	C	0.65%	0.29%	0.29%
	TXT	D	0.06%	0.15%	0.06%
	UAL	A	0.1%	0.03%	0.03%
	UNH	C	1.94%	1.04%	1.04%
	UNP	C	0.3%	0.38%	0.3%
	UPS	C	0.39%	0.1%	0.1%
	URI	B	0.16%	0.26%	0.16%
	VICI	C	0.13%	0.25%	0.13%
	VLO	C	0.17%	0.06%	0.06%
	VLTO	D	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.21%	0.21%
	VZ	C	0.71%	0.38%	0.38%
	WAB	B	0.13%	0.18%	0.13%
	WAT	B	0.03%	0.26%	0.03%
	WELL	A	0.33%	0.13%	0.13%
	WFC	A	0.91%	0.62%	0.62%
	WMT	A	1.42%	0.93%	0.93%
	WPC	D	0.05%	0.02%	0.02%
	WTM	A	0.02%	0.37%	0.02%
	WY	D	0.09%	0.14%	0.09%
	XOM	B	2.1%	0.99%	0.99%
	ZBH	C	0.09%	0.13%	0.09%
	ZBRA	B	0.06%	0.26%	0.06%
	ZTS	D	0.06%	0.09%	0.06%

VONV Overweight 599 Positions Relative to APUE

	Symbol	Grade	Weight
	SCHW	B	0.38%
	INTC	D	0.37%
	MMC	B	0.37%
	EQIX	A	0.33%
	CME	A	0.32%
	PNC	B	0.3%
	USB	A	0.3%
	NOC	D	0.28%
	BDX	F	0.27%
	CSX	B	0.26%
	MRVL	B	0.25%
	WMB	A	0.25%
	MAR	B	0.24%
	AJG	B	0.23%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	TRV	B	0.22%
	O	D	0.21%
	SRE	A	0.21%
	D	C	0.2%
	FIS	C	0.2%
	LHX	C	0.19%
	KMI	A	0.19%
	ITW	B	0.19%
	PRU	A	0.18%
	PSA	D	0.18%
	MET	A	0.18%
	JCI	C	0.17%
	AME	A	0.17%
	MSI	B	0.16%
	MCHP	D	0.16%
	EXC	C	0.16%
	OTIS	C	0.16%
	EA	A	0.16%
	F	C	0.16%
	GLW	B	0.15%
	KDP	D	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	XEL	A	0.15%
	BKR	B	0.15%
	MLM	B	0.14%
	DOW	F	0.14%
	GEHC	F	0.14%
	NKE	D	0.14%
	EIX	B	0.13%
	MTB	A	0.13%
	IQV	D	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	XYL	D	0.12%
	FITB	A	0.12%
	WEC	A	0.12%
	ON	D	0.12%
	CHTR	C	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	HPQ	B	0.11%
	VTR	C	0.11%
	SW	A	0.11%
	VMC	B	0.11%
	AWK	D	0.11%
	MTD	D	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	RJF	A	0.11%
	HLT	A	0.11%
	PAYX	C	0.11%
	FE	C	0.1%
	TROW	B	0.1%
	CHD	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	HPE	B	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	CINF	A	0.09%
	STE	F	0.09%
	RF	A	0.09%
	HSY	F	0.09%
	HBAN	A	0.09%
	LYB	F	0.09%
	YUM	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	FCNCA	A	0.09%
	CFG	B	0.08%
	LH	C	0.08%
	INVH	D	0.08%
	BBY	D	0.08%
	OMC	C	0.08%
	MKC	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	EQT	B	0.08%
	CMS	C	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%
	MRNA	F	0.07%
	DG	F	0.07%
	MAA	B	0.07%
	BAX	D	0.07%
	LUV	C	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	CNP	B	0.07%
	VTRS	A	0.06%
	CAG	D	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	BRO	B	0.06%
	VRSN	F	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	SYY	B	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	SSNC	B	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	OC	A	0.06%
	LNT	A	0.06%
	APTV	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	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%
	CHRW	C	0.05%
	CPT	B	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%
	JBL	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	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%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	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%
	DPZ	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	BKNG	A	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	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%
	SOLV	C	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	CE	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	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%
	MKTX	D	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	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%
	IVZ	B	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	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%
	WBA	F	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%
	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%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	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%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	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%
	BWA	D	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%
	RL	B	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%
	FMC	D	0.03%
	VOYA	B	0.03%
	KNX	B	0.03%
	AAL	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%
	WCC	B	0.03%
	GPK	C	0.03%
	CMA	A	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	MOS	F	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%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	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%
	AZO	C	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	AMP	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%
	ORLY	B	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%
	JHG	A	0.02%
	TKR	D	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	LEA	D	0.02%
	PVH	C	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%
	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%
	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%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	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%
	UAA	C	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%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	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%
	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%
	ULTA	F	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%
	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%
	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%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 50 Positions Relative to APUE

	Symbol	Grade	Weight
	NVDA	C	-5.97%
	AAPL	C	-5.79%
	MSFT	F	-5.41%
	DFAS	A	-4.83%
	AMZN	C	-3.5%
	META	D	-2.28%
	GOOGL	C	-1.98%
	TSLA	B	-1.68%
	GOOG	C	-1.63%
	AVGO	D	-1.41%
	LLY	F	-1.16%
	COST	B	-0.81%
	NFLX	A	-0.74%
	V	A	-0.64%
	MA	C	-0.59%
	INTU	C	-0.49%
	NOW	A	-0.47%
	ADBE	C	-0.47%
	ISRG	A	-0.43%
	ORCL	B	-0.42%
	AER	B	-0.42%
	CHDN	B	-0.38%
	MUSA	A	-0.37%
	MRK	F	-0.35%
	ENTG	D	-0.31%
	DECK	A	-0.31%
	UBER	D	-0.29%
	LANC	C	-0.27%
	BX	A	-0.25%
	ANET	C	-0.24%
	CWST	A	-0.22%
	AMT	D	-0.22%
	QLYS	C	-0.22%
	LRCX	F	-0.2%
	KLAC	D	-0.19%
	PANW	C	-0.17%
	GDDY	A	-0.16%
	TREX	C	-0.15%
	UNF	B	-0.14%
	CRWD	B	-0.13%
	CMG	B	-0.12%
	ABNB	C	-0.11%
	PLTR	B	-0.11%
	SNPS	B	-0.1%
	CNNE	B	-0.09%
	CABO	C	-0.09%
	COR	B	-0.08%
	RBLX	C	-0.06%
	MPWR	F	-0.06%
	SMCI	F	-0.02%

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

APUE: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Diversified Industrials Business Services Drug Manufacturers - Major Semiconductors Credit Services Insurance - Property & Casualty Diagnostics & Research Medical Devices Specialty Chemicals Aerospace & Defense Capital Markets Health Care Plans Packaged Foods Telecom Services Banks - Global Discount Stores Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Insurance Natural Gas Computing Electricity Electronics Semiconductor Medicine Telecommunications Chemical Real Estate Investment Trust IBD 50 Insurance Products Work From Home Aerospace Integrated Circuits Mining Mobile Devices