VONV vs. AUSF ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Global X Adaptive U.S. Factor ETF (AUSF)

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

$83.04

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.45

Average Daily Volume

36,759

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	VONV	AUSF
30 Days	3.44%	2.94%
60 Days	5.25%	3.40%
90 Days	8.24%	7.83%
12 Months	23.07%	34.51%

170 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in AUSF	Overlap
	ABBV	C	0.79%	0.19%	0.19%
	ACI	F	0.03%	1.31%	0.03%
	ADM	D	0.12%	0.47%	0.12%
	ADP	B	0.03%	0.09%	0.03%
	AFL	C	0.25%	0.12%	0.12%
	AGCO	D	0.02%	0.44%	0.02%
	AGNC	B	0.03%	0.5%	0.03%
	AJG	D	0.24%	1.61%	0.24%
	AKAM	D	0.06%	0.08%	0.06%
	AL	D	0.02%	0.43%	0.02%
	ALLY	F	0.04%	0.46%	0.04%
	AM	C	0.01%	0.48%	0.01%
	AME	C	0.16%	0.07%	0.07%
	AMGN	B	0.16%	0.32%	0.16%
	ARW	C	0.03%	0.51%	0.03%
	ATR	B	0.04%	0.09%	0.04%
	AVT	C	0.02%	0.47%	0.02%
	BBY	C	0.09%	0.55%	0.09%
	BDX	D	0.28%	0.08%	0.08%
	BEN	F	0.02%	0.42%	0.02%
	BG	D	0.06%	0.43%	0.06%
	BR	D	0.01%	0.85%	0.01%
	BRK.A	C	3.5%	1.57%	1.57%
	BSX	B	0.48%	1.19%	0.48%
	C	C	0.48%	0.46%	0.46%
	CACI	B	0.04%	0.19%	0.04%
	CAG	C	0.06%	0.54%	0.06%
	CAH	C	0.04%	0.08%	0.04%
	CASY	D	0.04%	0.07%	0.04%
	CB	B	0.46%	0.08%	0.08%
	CBOE	C	0.09%	1.01%	0.09%
	CE	F	0.04%	0.43%	0.04%
	CFG	C	0.08%	0.48%	0.08%
	CHD	D	0.1%	0.12%	0.1%
	CHE	C	0.03%	0.54%	0.03%
	CI	C	0.37%	0.07%	0.07%
	CIVI	F	0.02%	0.38%	0.02%
	CL	D	0.16%	0.08%	0.08%
	CMA	B	0.03%	0.53%	0.03%
	CMCSA	D	0.62%	0.51%	0.51%
	CNC	D	0.17%	0.52%	0.17%
	CNH	D	0.04%	0.52%	0.04%
	COLB	B	0.02%	0.5%	0.02%
	CRBG	D	0.03%	0.45%	0.03%
	CSCO	C	0.82%	1.27%	0.82%
	CVS	D	0.29%	0.47%	0.29%
	CVX	D	1.02%	0.07%	0.07%
	DAL	C	0.11%	0.5%	0.11%
	DGX	B	0.07%	0.09%	0.07%
	DINO	F	0.03%	0.46%	0.03%
	DLB	D	0.02%	0.07%	0.02%
	DOX	C	0.04%	1.35%	0.04%
	DRI	B	0.04%	0.09%	0.04%
	DTM	B	0.03%	0.58%	0.03%
	DUK	C	0.35%	0.11%	0.11%
	EA	D	0.16%	1.3%	0.16%
	ECL	B	0.03%	0.07%	0.03%
	ED	C	0.14%	0.1%	0.1%
	EMN	B	0.05%	0.5%	0.05%
	EMR	D	0.24%	0.43%	0.24%
	F	F	0.18%	0.38%	0.18%
	FDS	C	0.04%	0.09%	0.04%
	FHN	D	0.04%	0.47%	0.04%
	FITB	B	0.12%	0.5%	0.12%
	FMC	C	0.03%	0.52%	0.03%
	FNB	C	0.02%	0.48%	0.02%
	FOXA	B	0.04%	0.53%	0.04%
	GAP	F	0.02%	0.45%	0.02%
	GD	B	0.33%	1.51%	0.33%
	GM	C	0.23%	0.5%	0.23%
	GRMN	D	0.11%	0.11%	0.11%
	HBAN	B	0.09%	0.48%	0.09%
	HIG	B	0.14%	0.09%	0.09%
	HII	D	0.04%	0.58%	0.04%
	HOG	C	0.02%	0.53%	0.02%
	HOLX	B	0.08%	0.07%	0.07%
	HON	D	0.46%	0.07%	0.07%
	HPE	D	0.1%	0.43%	0.1%
	HPQ	D	0.11%	0.44%	0.11%
	IBM	B	0.74%	2.16%	0.74%
	ICE	C	0.37%	0.1%	0.1%
	INTC	F	0.38%	0.29%	0.29%
	IP	B	0.07%	0.51%	0.07%
	JNJ	C	1.61%	1.57%	1.57%
	JNPR	B	0.05%	1.54%	0.05%
	KEY	B	0.06%	0.5%	0.06%
	KHC	C	0.13%	0.53%	0.13%
	KMB	D	0.11%	0.09%	0.09%
	KMI	B	0.17%	0.58%	0.17%
	KO	C	0.48%	1.27%	0.48%
	KR	C	0.14%	0.13%	0.13%
	KRC	B	0.02%	0.49%	0.02%
	L	C	0.06%	0.08%	0.06%
	LAD	D	0.03%	0.54%	0.03%
	LBRDK	F	0.02%	0.53%	0.02%
	LDOS	B	0.09%	0.11%	0.09%
	LEA	F	0.03%	0.46%	0.03%
	LIN	B	0.92%	1.46%	0.92%
	LMT	C	0.33%	1.66%	0.33%
	LNC	D	0.02%	0.45%	0.02%
	LYB	D	0.1%	0.49%	0.1%
	M	F	0.02%	0.43%	0.02%
	MCD	B	0.78%	1.22%	0.78%
	MCK	F	0.17%	0.39%	0.17%
	MDLZ	B	0.39%	0.09%	0.09%
	MDT	C	0.47%	0.55%	0.47%
	MMC	C	0.39%	1.57%	0.39%
	MO	C	0.37%	0.64%	0.37%
	MOS	F	0.04%	0.43%	0.04%
	MSI	B	0.15%	0.1%	0.1%
	MTB	B	0.11%	0.49%	0.11%
	NEU	D	0.02%	0.07%	0.02%
	NOC	B	0.29%	0.11%	0.11%
	NOV	F	0.03%	0.43%	0.03%
	OGN	D	0.02%	0.46%	0.02%
	OKE	B	0.22%	0.55%	0.22%
	OMF	D	0.02%	0.42%	0.02%
	ORI	B	0.04%	0.11%	0.04%
	OZK	D	0.02%	0.43%	0.02%
	PB	B	0.03%	0.5%	0.03%
	PCAR	D	0.2%	0.06%	0.06%
	PEP	C	0.2%	0.79%	0.2%
	PG	C	1.26%	0.92%	0.92%
	PGR	B	0.09%	0.19%	0.09%
	PKG	B	0.07%	0.09%	0.07%
	PNC	B	0.29%	0.51%	0.29%
	PNW	C	0.04%	0.08%	0.04%
	PRGO	D	0.02%	0.46%	0.02%
	PSX	F	0.24%	0.06%	0.06%
	PVH	F	0.02%	0.48%	0.02%
	REGN	C	0.46%	0.08%	0.08%
	RF	B	0.09%	0.5%	0.09%
	ROP	C	0.24%	1.47%	0.24%
	RPRX	C	0.05%	0.48%	0.05%
	RSG	D	0.17%	1.52%	0.17%
	RTX	C	0.66%	1.7%	0.66%
	SNA	C	0.06%	0.07%	0.06%
	SNX	D	0.04%	0.46%	0.04%
	SO	B	0.38%	0.11%	0.11%
	SOLV	C	0.04%	0.56%	0.04%
	SON	C	0.02%	0.52%	0.02%
	STWD	B	0.02%	0.49%	0.02%
	SYF	C	0.08%	0.47%	0.08%
	T	C	0.57%	1.97%	0.57%
	TAP	D	0.04%	0.51%	0.04%
	TJX	B	0.22%	0.1%	0.1%
	TMUS	C	0.39%	1.63%	0.39%
	TPR	C	0.04%	0.51%	0.04%
	TRV	C	0.21%	0.13%	0.13%
	TW	B	0.03%	0.12%	0.03%
	UAL	C	0.06%	0.52%	0.06%
	UGI	C	0.02%	0.48%	0.02%
	UNH	C	2.03%	0.09%	0.09%
	UNM	B	0.04%	0.56%	0.04%
	USB	B	0.3%	0.49%	0.3%
	VICI	C	0.14%	0.55%	0.14%
	VRSN	D	0.06%	0.07%	0.06%
	VRTX	D	0.26%	0.1%	0.1%
	VTRS	D	0.06%	0.47%	0.06%
	VZ	B	0.71%	2.01%	0.71%
	WBA	F	0.03%	0.39%	0.03%
	WBS	D	0.03%	0.47%	0.03%
	WHR	D	0.02%	0.48%	0.02%
	WMB	B	0.22%	0.6%	0.22%
	WMT	C	1.35%	1.61%	1.35%
	WRB	C	0.07%	0.12%	0.07%
	X	F	0.03%	0.4%	0.03%
	XOM	C	2.12%	0.09%	0.09%
	YUM	D	0.09%	0.28%	0.09%
	ZION	D	0.03%	0.44%	0.03%

VONV Overweight 669 Positions Relative to AUSF

	Symbol	Grade	Weight
	JPM	D	2.59%
	BAC	D	1.11%
	TMO	B	0.94%
	ACN	C	0.86%
	WFC	D	0.82%
	ABT	C	0.79%
	PM	C	0.77%
	DHR	B	0.72%
	TXN	C	0.69%
	DIS	D	0.67%
	PFE	C	0.66%
	NEE	C	0.66%
	SPGI	B	0.64%
	GE	B	0.6%
	CAT	B	0.6%
	LOW	B	0.57%
	COP	D	0.54%
	BLK	B	0.53%
	ETN	C	0.49%
	ADI	C	0.47%
	GS	C	0.47%
	PLD	C	0.47%
	MS	D	0.45%
	ELV	C	0.44%
	MU	F	0.43%
	BMY	C	0.41%
	GILD	B	0.4%
	DE	B	0.39%
	UPS	D	0.38%
	SYK	C	0.37%
	AXP	B	0.37%
	SCHW	D	0.35%
	BA	F	0.34%
	AMD	D	0.33%
	UNP	C	0.33%
	PH	B	0.31%
	HD	B	0.3%
	EOG	D	0.3%
	EQIX	C	0.3%
	PYPL	B	0.3%
	TGT	C	0.29%
	WELL	C	0.29%
	CSX	D	0.27%
	AON	B	0.27%
	FDX	C	0.27%
	NEM	B	0.25%
	APD	B	0.25%
	MPC	F	0.25%
	SLB	F	0.25%
	FCX	D	0.25%
	TFC	C	0.24%
	KKR	B	0.24%
	TDG	B	0.24%
	MRVL	C	0.24%
	MMM	B	0.24%
	HCA	B	0.23%
	NSC	C	0.23%
	TT	B	0.22%
	GEV	B	0.22%
	MAR	C	0.22%
	COF	B	0.22%
	DHI	B	0.22%
	AIG	D	0.21%
	SRE	C	0.21%
	CEG	C	0.21%
	AEP	C	0.21%
	O	C	0.21%
	CCI	C	0.2%
	DLR	B	0.2%
	CARR	B	0.2%
	BK	B	0.2%
	MET	B	0.19%
	FIS	B	0.19%
	D	C	0.19%
	ITW	C	0.19%
	VLO	F	0.19%
	LEN	B	0.18%
	LHX	C	0.18%
	PSA	B	0.18%
	JCI	B	0.17%
	A	C	0.17%
	ALL	B	0.17%
	KVUE	C	0.17%
	PCG	C	0.17%
	HUM	F	0.17%
	CMI	C	0.17%
	PRU	C	0.17%
	MCHP	F	0.17%
	CTSH	C	0.16%
	KDP	B	0.16%
	CTVA	B	0.16%
	IQV	C	0.16%
	PEG	B	0.16%
	SPG	B	0.16%
	ACGL	C	0.16%
	GIS	B	0.16%
	NUE	F	0.15%
	HWM	B	0.15%
	IR	C	0.15%
	EXR	B	0.15%
	URI	B	0.15%
	DOW	D	0.15%
	OXY	F	0.15%
	ROST	C	0.15%
	EXC	C	0.15%
	OTIS	C	0.15%
	NKE	D	0.15%
	STZ	D	0.15%
	EW	F	0.14%
	XEL	B	0.14%
	DFS	B	0.14%
	FANG	D	0.14%
	BKR	C	0.14%
	DD	B	0.14%
	CBRE	A	0.14%
	CRM	D	0.14%
	CSGP	D	0.13%
	AVB	B	0.13%
	GLW	C	0.13%
	CHTR	D	0.13%
	GEHC	C	0.13%
	EIX	C	0.13%
	XYL	C	0.13%
	APH	D	0.13%
	ON	D	0.13%
	WEC	C	0.12%
	WAB	B	0.12%
	NDAQ	A	0.12%
	BIIB	F	0.12%
	WTW	C	0.12%
	EBAY	B	0.12%
	EFX	B	0.12%
	PPG	D	0.12%
	MTD	D	0.12%
	MLM	D	0.12%
	STT	A	0.11%
	HLT	B	0.11%
	IFF	B	0.11%
	KEYS	C	0.11%
	PAYX	C	0.11%
	TTWO	C	0.11%
	NVR	B	0.11%
	HAL	F	0.11%
	PHM	B	0.11%
	PWR	B	0.11%
	AWK	B	0.11%
	ANSS	D	0.11%
	DVN	F	0.11%
	GPN	D	0.11%
	EQR	B	0.11%
	ROK	D	0.11%
	ES	C	0.1%
	STE	C	0.1%
	SBUX	C	0.1%
	VMC	D	0.1%
	DELL	D	0.1%
	FSLR	C	0.1%
	SBAC	C	0.1%
	FCNCA	D	0.1%
	HSY	C	0.1%
	MRNA	F	0.1%
	VTR	C	0.1%
	FE	C	0.1%
	RCL	B	0.1%
	DOV	B	0.1%
	ETR	B	0.1%
	DTE	C	0.1%
	RMD	C	0.1%
	FTV	C	0.1%
	SQ	D	0.09%
	HUBB	B	0.09%
	WDC	D	0.09%
	AEE	C	0.09%
	WY	C	0.09%
	INVH	C	0.09%
	RJF	C	0.09%
	TROW	D	0.09%
	PPL	C	0.09%
	ZBH	F	0.09%
	MSCI	C	0.08%
	J	C	0.08%
	MAA	B	0.08%
	BLDR	C	0.08%
	PFG	B	0.08%
	WBD	D	0.08%
	ESS	B	0.08%
	BAX	C	0.08%
	OMC	B	0.08%
	MSTR	D	0.08%
	APTV	D	0.08%
	ATO	B	0.08%
	BALL	C	0.08%
	GPC	D	0.08%
	MKC	C	0.08%
	CMS	C	0.08%
	TDY	B	0.08%
	ARE	C	0.08%
	LNG	C	0.08%
	ILMN	C	0.08%
	CINF	B	0.08%
	K	B	0.08%
	RS	D	0.07%
	MRO	C	0.07%
	WSO	C	0.07%
	AMCR	B	0.07%
	CCL	C	0.07%
	SUI	B	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	LUV	C	0.07%
	CNP	C	0.07%
	DLTR	F	0.07%
	TXT	D	0.07%
	CSL	B	0.07%
	MAS	B	0.07%
	AVTR	B	0.07%
	SWKS	D	0.07%
	TRU	B	0.07%
	STLD	F	0.07%
	CTRA	D	0.07%
	TSN	C	0.07%
	DG	F	0.07%
	NTRS	A	0.07%
	EQT	D	0.07%
	NTAP	D	0.06%
	UHS	B	0.06%
	TRMB	C	0.06%
	ZBRA	B	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	EG	C	0.06%
	IRM	C	0.06%
	JBHT	D	0.06%
	RGA	C	0.06%
	NDSN	C	0.06%
	OC	D	0.06%
	EXPD	C	0.06%
	UDR	C	0.06%
	PNR	B	0.06%
	ZTS	C	0.06%
	SYY	D	0.06%
	NI	B	0.06%
	TOL	B	0.06%
	LNT	B	0.06%
	CDW	D	0.06%
	APO	C	0.06%
	VLTO	C	0.06%
	FNF	B	0.06%
	KIM	C	0.06%
	CF	C	0.06%
	IEX	D	0.06%
	MKL	C	0.06%
	SWK	B	0.06%
	RBA	B	0.06%
	DOC	C	0.06%
	UTHR	C	0.06%
	THC	A	0.06%
	SSNC	B	0.06%
	NVT	D	0.05%
	RPM	B	0.05%
	INCY	C	0.05%
	ITT	B	0.05%
	BLD	D	0.05%
	OVV	F	0.05%
	TECH	C	0.05%
	FTI	D	0.05%
	TFX	C	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	JBL	D	0.05%
	BXP	B	0.05%
	SJM	C	0.05%
	FFIV	B	0.05%
	CHRW	B	0.05%
	CW	B	0.05%
	ALLE	B	0.05%
	SW	B	0.05%
	QCOM	D	0.05%
	AES	C	0.05%
	DKS	D	0.05%
	IPG	C	0.05%
	HST	C	0.05%
	KMX	D	0.05%
	JKHY	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	WPC	C	0.05%
	EVRG	B	0.05%
	RNR	C	0.05%
	AMAT	D	0.05%
	REG	C	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	EL	F	0.05%
	GLPI	C	0.05%
	USFD	B	0.05%
	ACM	B	0.05%
	HES	F	0.05%
	DCI	C	0.04%
	SF	A	0.04%
	TWLO	D	0.04%
	WAL	B	0.04%
	CG	D	0.04%
	EVR	A	0.04%
	INGR	B	0.04%
	NYT	C	0.04%
	EGP	B	0.04%
	FTNT	C	0.04%
	MKTX	C	0.04%
	WST	D	0.04%
	HSIC	C	0.04%
	GPK	B	0.04%
	PRI	B	0.04%
	MGM	F	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	DPZ	F	0.04%
	HRL	C	0.04%
	FRT	C	0.04%
	CPB	C	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	GL	C	0.04%
	OHI	B	0.04%
	PFGC	B	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	MTCH	C	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	AFRM	C	0.04%
	AOS	D	0.04%
	CRL	F	0.04%
	QGEN	C	0.04%
	AIZ	B	0.04%
	COHR	C	0.04%
	APA	F	0.04%
	CVNA	B	0.04%
	EPAM	F	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	ALB	D	0.04%
	NRG	C	0.04%
	NWSA	D	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	CTLT	B	0.04%
	EME	B	0.04%
	LKQ	F	0.04%
	AVY	C	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	B	0.04%
	IVZ	B	0.03%
	R	A	0.03%
	GME	F	0.03%
	PARA	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	FICO	B	0.03%
	AAL	D	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	BIO	C	0.03%
	FLS	D	0.03%
	CGNX	F	0.03%
	BPOP	C	0.03%
	Z	B	0.03%
	RL	C	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	LFUS	C	0.03%
	GWRE	A	0.03%
	SAIC	C	0.03%
	SNV	C	0.03%
	OKTA	F	0.03%
	XP	D	0.03%
	MSA	D	0.03%
	MTG	B	0.03%
	EXAS	C	0.03%
	SEIC	C	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	BBWI	F	0.03%
	SOFI	C	0.03%
	KEX	C	0.03%
	WSM	D	0.03%
	SWN	D	0.03%
	SSD	D	0.03%
	OSK	F	0.03%
	PR	F	0.03%
	JAZZ	D	0.03%
	FYBR	C	0.03%
	HRB	C	0.03%
	WTFC	B	0.03%
	RRC	D	0.03%
	MTZ	B	0.03%
	CROX	D	0.03%
	MNST	D	0.03%
	VOYA	B	0.03%
	RGEN	F	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	GNTX	F	0.03%
	WYNN	D	0.03%
	ROKU	C	0.03%
	BRBR	C	0.03%
	HLI	B	0.03%
	STAG	C	0.03%
	ALGN	D	0.03%
	ACHC	C	0.03%
	BWXT	D	0.03%
	FR	B	0.03%
	MKSI	F	0.03%
	MIDD	D	0.03%
	FND	C	0.03%
	MOH	D	0.03%
	PNFP	B	0.03%
	DAY	D	0.03%
	ELAN	D	0.03%
	CBSH	C	0.03%
	LECO	F	0.03%
	SHW	B	0.03%
	CR	C	0.03%
	JEF	B	0.03%
	ONTO	D	0.03%
	AR	F	0.03%
	BWA	D	0.03%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	C	0.03%
	OGE	C	0.03%
	COKE	C	0.03%
	WAT	C	0.03%
	BERY	B	0.03%
	AXTA	B	0.03%
	FCN	D	0.03%
	AA	D	0.03%
	TKO	B	0.03%
	APG	D	0.03%
	CZR	C	0.03%
	ALSN	B	0.03%
	BKNG	C	0.03%
	GMED	D	0.03%
	LAMR	B	0.03%
	KNX	C	0.03%
	BRX	B	0.03%
	MHK	C	0.03%
	COLD	D	0.03%
	CIEN	C	0.03%
	JLL	B	0.03%
	PTC	D	0.03%
	KBR	D	0.03%
	SKX	D	0.03%
	RBC	C	0.03%
	NNN	C	0.03%
	TYL	C	0.02%
	DXC	C	0.02%
	MSM	D	0.02%
	KMPR	D	0.02%
	LITE	B	0.02%
	LSXMK	D	0.02%
	W	D	0.02%
	IAC	C	0.02%
	AMP	A	0.02%
	SITE	C	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	CLF	F	0.02%
	BYD	C	0.02%
	UHAL	A	0.02%
	SAIA	D	0.02%
	BILL	D	0.02%
	AGO	C	0.02%
	CUZ	B	0.02%
	FRPT	B	0.02%
	SLGN	B	0.02%
	FLO	C	0.02%
	DBX	D	0.02%
	PSN	B	0.02%
	PII	D	0.02%
	OLED	C	0.02%
	ASH	D	0.02%
	ALK	C	0.02%
	S	C	0.02%
	RYN	C	0.02%
	GFS	F	0.02%
	AN	D	0.02%
	WTM	D	0.02%
	EEFT	D	0.02%
	GNRC	D	0.02%
	ZG	B	0.02%
	AZO	D	0.02%
	SEE	D	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	JHG	B	0.02%
	WSC	D	0.02%
	FOX	B	0.02%
	SN	B	0.02%
	IDA	C	0.02%
	ORLY	C	0.02%
	OLN	D	0.02%
	MDU	C	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	B	0.02%
	BC	C	0.02%
	KD	D	0.02%
	VNT	F	0.02%
	NFG	B	0.02%
	THO	D	0.02%
	TKR	D	0.02%
	OLLI	C	0.02%
	SRCL	A	0.02%
	AMG	C	0.02%
	GWW	B	0.02%
	WH	B	0.02%
	DASH	C	0.02%
	H	C	0.02%
	VMI	D	0.02%
	POST	C	0.02%
	ST	D	0.02%
	COIN	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	RLI	B	0.02%
	ESI	D	0.02%
	VNO	B	0.02%
	LW	D	0.02%
	MTSI	D	0.02%
	FAST	C	0.02%
	MTDR	F	0.02%
	AXS	B	0.02%
	SNDR	B	0.01%
	LYFT	D	0.01%
	CERT	F	0.01%
	WEN	C	0.01%
	TRIP	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	D	0.01%
	UAA	C	0.01%
	REYN	C	0.01%
	BROS	D	0.01%
	PPC	D	0.01%
	LEN	B	0.01%
	AZEK	C	0.01%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	FTRE	D	0.01%
	TER	D	0.01%
	LPX	B	0.01%
	PSTG	F	0.01%
	SHC	C	0.01%
	IPGP	F	0.01%
	SAM	F	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	GLOB	D	0.01%
	ADTN	D	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	KSS	F	0.01%
	RCM	C	0.01%
	ETSY	F	0.01%
	JWN	C	0.01%
	ULTA	D	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	B	0.01%
	YETI	D	0.01%
	PINC	C	0.01%
	MASI	F	0.01%
	AGR	B	0.01%
	VIRT	C	0.01%
	ENOV	D	0.01%
	CWEN	C	0.01%
	BRKR	D	0.01%
	VAC	F	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	COLM	C	0.01%
	AZTA	F	0.01%
	U	D	0.01%
	RKT	C	0.01%
	CNM	F	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	D	0.01%
	BHF	F	0.01%
	LOPE	D	0.01%
	CACC	F	0.01%
	NWL	C	0.01%
	SMG	C	0.01%
	RH	B	0.01%
	TNL	D	0.01%
	PAYC	D	0.01%
	ZI	D	0.01%
	FHB	D	0.01%
	AMED	C	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	CPRT	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	0.01%
	NXST	D	0.01%
	NWS	D	0.01%
	NSA	B	0.01%
	HIW	B	0.01%
	WU	F	0.01%
	MAN	C	0.01%
	EPR	B	0.01%
	CTAS	B	0.01%
	MSGS	B	0.01%
	LCID	C	0.01%
	SPR	D	0.01%
	CNXC	F	0.01%
	HUN	D	0.01%
	DNB	C	0.01%
	AWI	B	0.01%
	COTY	F	0.01%
	ALNY	C	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	A	0.0%
	SEG	C	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	UI	B	0.0%
	IONS	F	0.0%
	LBRDA	F	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	SIRI	C	0.0%
	TFSL	C	0.0%
	PATH	D	0.0%
	HCP	B	0.0%
	CWEN	C	0.0%
	SEB	D	0.0%
	TXG	D	0.0%
	FIVE	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	PYCR	D	0.0%
	NCNO	D	0.0%
	DDS	F	0.0%
	AMC	F	0.0%
	MTN	D	0.0%
	CNA	C	0.0%
	HAS	B	0.0%
	UA	D	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 19 Positions Relative to AUSF

	Symbol	Grade	Weight
	V	C	-1.49%
	WM	D	-1.41%
	CME	C	-1.4%
	MRK	D	-1.28%
	UBSI	B	-0.49%
	RDN	C	-0.48%
	JXN	A	-0.47%
	ONB	C	-0.46%
	ABG	D	-0.45%
	SIG	C	-0.45%
	CADE	C	-0.45%
	PTEN	F	-0.4%
	HP	F	-0.39%
	COST	B	-0.12%
	AAPL	C	-0.11%
	VRSK	D	-0.09%
	MA	B	-0.09%
	GDDY	C	-0.08%
	NSIT	D	-0.06%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Software - Application Asset Management Semiconductors Business Services Specialty Retail Biotechnology Capital Markets Packaged Foods Specialty Chemicals Diagnostics & Research 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 Beverage Biotechnology Dow Jones Component Plastic

AUSF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Aerospace & Defense Insurance - Property & Casualty Business Services Communication Equipment Credit Services Diversified Industrials Drug Manufacturers - Major Health Care Plans Household & Personal Products Information Technology Services Oil & Gas Midstream Packaging & Containers Specialty Chemicals Utilities - Regulated Electric Asset Management Biotechnology Financial Data & Stock Exchanges Grocery Stores Insurance - Diversified

Keywords: S&P 500 Bank Nasdaq 100 Banking Dow Jones Component Insurance Natural Gas Chemical Cash Management Medicine Commercial Banking Computing Deposit Products Disability Insurance Products Investment Bank Acid Aerospace Alcohol Electricity