VONV vs. CFA ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

$86.76

Average Daily Volume

369,875

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.20

Average Daily Volume

9,726

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	VONV	CFA
30 Days	2.60%	3.34%
60 Days	4.54%	5.30%
90 Days	6.20%	7.24%
12 Months	28.76%	28.42%

403 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in CFA	Overlap
	A	D	0.15%	0.16%	0.15%
	ABBV	F	0.82%	0.2%	0.2%
	ABT	B	0.78%	0.27%	0.27%
	ACGL	C	0.14%	0.2%	0.14%
	ACM	B	0.06%	0.23%	0.06%
	ACN	B	0.87%	0.2%	0.2%
	ADI	D	0.44%	0.13%	0.13%
	ADM	D	0.11%	0.11%	0.11%
	ADP	A	0.03%	0.35%	0.03%
	AEE	A	0.09%	0.26%	0.09%
	AEP	C	0.21%	0.23%	0.21%
	AES	F	0.05%	0.1%	0.05%
	AFG	A	0.04%	0.26%	0.04%
	AFL	B	0.23%	0.23%	0.23%
	AIG	B	0.2%	0.23%	0.2%
	AJG	A	0.23%	0.25%	0.23%
	AKAM	D	0.06%	0.15%	0.06%
	ALGN	D	0.03%	0.12%	0.03%
	ALL	A	0.17%	0.24%	0.17%
	ALLE	C	0.05%	0.21%	0.05%
	ALLY	C	0.03%	0.12%	0.03%
	AMAT	F	0.05%	0.1%	0.05%
	AMD	F	0.32%	0.09%	0.09%
	AME	A	0.17%	0.25%	0.17%
	AMGN	F	0.15%	0.15%	0.15%
	AMP	A	0.02%	0.32%	0.02%
	AON	A	0.29%	0.23%	0.23%
	AOS	F	0.04%	0.17%	0.04%
	APD	A	0.28%	0.19%	0.19%
	APH	A	0.13%	0.2%	0.13%
	APO	B	0.08%	0.22%	0.08%
	APTV	F	0.06%	0.09%	0.06%
	ATO	A	0.08%	0.35%	0.08%
	AVTR	F	0.06%	0.11%	0.06%
	AVY	F	0.04%	0.25%	0.04%
	AWK	C	0.11%	0.22%	0.11%
	AXP	A	0.38%	0.23%	0.23%
	AZO	C	0.02%	0.22%	0.02%
	BAC	A	1.14%	0.24%	0.24%
	BBY	D	0.08%	0.12%	0.08%
	BDX	F	0.27%	0.24%	0.24%
	BG	D	0.05%	0.17%	0.05%
	BIIB	F	0.1%	0.13%	0.1%
	BK	A	0.22%	0.31%	0.22%
	BKNG	A	0.04%	0.22%	0.04%
	BKR	A	0.15%	0.23%	0.15%
	BLD	D	0.04%	0.1%	0.04%
	BLDR	D	0.07%	0.1%	0.07%
	BLK	B	0.58%	0.29%	0.29%
	BMRN	F	0.05%	0.12%	0.05%
	BR	A	0.01%	0.26%	0.01%
	BRK.A	B	3.3%	0.35%	0.35%
	BRO	B	0.06%	0.26%	0.06%
	BSX	A	0.49%	0.3%	0.3%
	C	A	0.49%	0.21%	0.21%
	CAG	F	0.06%	0.19%	0.06%
	CAH	B	0.04%	0.23%	0.04%
	CARR	C	0.2%	0.16%	0.16%
	CASY	A	0.05%	0.18%	0.05%
	CAT	B	0.63%	0.2%	0.2%
	CB	C	0.46%	0.28%	0.28%
	CBOE	C	0.09%	0.23%	0.09%
	CBRE	B	0.16%	0.19%	0.16%
	CDW	F	0.05%	0.15%	0.05%
	CE	F	0.04%	0.1%	0.04%
	CEG	C	0.28%	0.12%	0.12%
	CF	A	0.06%	0.18%	0.06%
	CFG	B	0.08%	0.17%	0.08%
	CHD	A	0.1%	0.32%	0.1%
	CHRW	B	0.05%	0.15%	0.05%
	CHTR	C	0.12%	0.13%	0.12%
	CI	D	0.32%	0.22%	0.22%
	CINF	A	0.09%	0.25%	0.09%
	CL	D	0.14%	0.29%	0.14%
	CLH	C	0.05%	0.19%	0.05%
	CMCSA	B	0.67%	0.24%	0.24%
	CME	B	0.32%	0.28%	0.28%
	CMI	A	0.18%	0.23%	0.18%
	CMS	C	0.08%	0.27%	0.08%
	CNC	D	0.13%	0.14%	0.13%
	CNP	A	0.07%	0.25%	0.07%
	COF	C	0.25%	0.23%	0.23%
	COIN	C	0.02%	0.11%	0.02%
	COKE	C	0.03%	0.12%	0.03%
	COP	C	0.51%	0.24%	0.24%
	CPB	D	0.04%	0.2%	0.04%
	CPRT	B	0.01%	0.27%	0.01%
	CRBG	B	0.03%	0.17%	0.03%
	CRM	B	0.17%	0.17%	0.17%
	CSCO	B	0.89%	0.29%	0.29%
	CSGP	D	0.12%	0.16%	0.12%
	CSL	C	0.07%	0.19%	0.07%
	CSX	C	0.26%	0.28%	0.26%
	CTAS	B	0.01%	0.26%	0.01%
	CTRA	B	0.07%	0.23%	0.07%
	CTSH	B	0.15%	0.23%	0.15%
	CTVA	C	0.17%	0.15%	0.15%
	CVNA	B	0.07%	0.09%	0.07%
	CVS	D	0.29%	0.14%	0.14%
	CVX	A	1.03%	0.27%	0.27%
	CW	C	0.05%	0.26%	0.05%
	D	C	0.2%	0.21%	0.2%
	DAL	B	0.15%	0.22%	0.15%
	DD	C	0.14%	0.17%	0.14%
	DE	B	0.41%	0.21%	0.21%
	DELL	B	0.11%	0.09%	0.09%
	DG	F	0.07%	0.09%	0.07%
	DGX	A	0.07%	0.24%	0.07%
	DHI	F	0.2%	0.12%	0.12%
	DHR	F	0.63%	0.18%	0.18%
	DIS	B	0.71%	0.22%	0.22%
	DKS	D	0.04%	0.1%	0.04%
	DOV	A	0.1%	0.25%	0.1%
	DOW	F	0.14%	0.2%	0.14%
	DPZ	C	0.04%	0.17%	0.04%
	DRI	B	0.04%	0.23%	0.04%
	DTE	C	0.1%	0.24%	0.1%
	DUK	C	0.36%	0.3%	0.3%
	DVN	F	0.1%	0.17%	0.1%
	EA	A	0.16%	0.29%	0.16%
	EBAY	D	0.12%	0.2%	0.12%
	ECL	D	0.03%	0.23%	0.03%
	ED	C	0.14%	0.26%	0.14%
	EFX	F	0.1%	0.13%	0.1%
	EG	C	0.05%	0.19%	0.05%
	EIX	B	0.13%	0.24%	0.13%
	EL	F	0.04%	0.09%	0.04%
	ELV	F	0.32%	0.17%	0.17%
	EME	A	0.05%	0.2%	0.05%
	EMN	C	0.05%	0.22%	0.05%
	EMR	B	0.25%	0.23%	0.23%
	EOG	A	0.28%	0.23%	0.23%
	EPAM	B	0.04%	0.12%	0.04%
	EQT	B	0.08%	0.2%	0.08%
	ETN	A	0.53%	0.19%	0.19%
	ETR	B	0.13%	0.32%	0.13%
	EVRG	A	0.05%	0.29%	0.05%
	EW	C	0.13%	0.1%	0.1%
	EWBC	A	0.05%	0.21%	0.05%
	EXC	C	0.16%	0.22%	0.16%
	EXPD	C	0.06%	0.22%	0.06%
	F	C	0.16%	0.12%	0.12%
	FANG	C	0.13%	0.17%	0.13%
	FAST	B	0.03%	0.26%	0.03%
	FCNCA	A	0.09%	0.17%	0.09%
	FCX	F	0.26%	0.13%	0.13%
	FDS	B	0.04%	0.25%	0.04%
	FDX	B	0.25%	0.15%	0.15%
	FE	C	0.1%	0.27%	0.1%
	FFIV	B	0.05%	0.21%	0.05%
	FI	A	0.31%	0.34%	0.31%
	FICO	B	0.03%	0.2%	0.03%
	FIS	C	0.2%	0.22%	0.2%
	FITB	B	0.12%	0.19%	0.12%
	FND	D	0.03%	0.11%	0.03%
	FNF	B	0.06%	0.2%	0.06%
	FOXA	A	0.04%	0.25%	0.04%
	FSLR	F	0.08%	0.08%	0.08%
	FTNT	C	0.04%	0.14%	0.04%
	FTV	C	0.1%	0.21%	0.1%
	GD	D	0.32%	0.29%	0.29%
	GE	D	0.59%	0.17%	0.17%
	GEHC	D	0.14%	0.15%	0.14%
	GEN	B	0.06%	0.17%	0.06%
	GEV	B	0.33%	0.15%	0.15%
	GGG	B	0.05%	0.27%	0.05%
	GILD	C	0.44%	0.21%	0.21%
	GIS	D	0.15%	0.21%	0.15%
	GLW	B	0.15%	0.19%	0.15%
	GM	C	0.23%	0.19%	0.19%
	GPC	D	0.06%	0.17%	0.06%
	GPN	B	0.11%	0.17%	0.11%
	GRMN	B	0.12%	0.21%	0.12%
	GS	A	0.48%	0.24%	0.24%
	GWW	B	0.02%	0.27%	0.02%
	H	B	0.02%	0.18%	0.02%
	HAL	C	0.1%	0.18%	0.1%
	HBAN	A	0.09%	0.21%	0.09%
	HCA	F	0.2%	0.17%	0.17%
	HD	B	0.32%	0.25%	0.25%
	HIG	B	0.13%	0.25%	0.13%
	HII	F	0.03%	0.15%	0.03%
	HLT	A	0.11%	0.29%	0.11%
	HOLX	D	0.07%	0.29%	0.07%
	HON	C	0.45%	0.33%	0.33%
	HOOD	B	0.06%	0.14%	0.06%
	HPE	B	0.1%	0.15%	0.1%
	HPQ	B	0.11%	0.15%	0.11%
	HRL	D	0.04%	0.15%	0.04%
	HSY	F	0.09%	0.19%	0.09%
	HUBB	B	0.09%	0.18%	0.09%
	HUM	C	0.12%	0.1%	0.1%
	HWM	A	0.15%	0.16%	0.15%
	IBKR	A	0.06%	0.28%	0.06%
	IBM	C	0.76%	0.21%	0.21%
	ICE	C	0.35%	0.3%	0.3%
	IEX	C	0.07%	0.27%	0.07%
	INCY	C	0.04%	0.22%	0.04%
	INTC	C	0.37%	0.1%	0.1%
	IP	A	0.08%	0.19%	0.08%
	IPG	D	0.04%	0.19%	0.04%
	IQV	F	0.13%	0.12%	0.12%
	IR	B	0.15%	0.2%	0.15%
	ITT	A	0.05%	0.2%	0.05%
	ITW	B	0.19%	0.33%	0.19%
	J	D	0.07%	0.23%	0.07%
	JBHT	C	0.06%	0.18%	0.06%
	JBL	C	0.05%	0.13%	0.05%
	JCI	B	0.17%	0.21%	0.17%
	JEF	A	0.03%	0.24%	0.03%
	JKHY	D	0.05%	0.25%	0.05%
	JLL	D	0.04%	0.15%	0.04%
	JNJ	C	1.54%	0.28%	0.28%
	JPM	A	2.55%	0.26%	0.26%
	KDP	F	0.15%	0.24%	0.15%
	KEY	B	0.06%	0.16%	0.06%
	KEYS	A	0.1%	0.14%	0.1%
	KHC	F	0.12%	0.2%	0.12%
	KKR	A	0.27%	0.18%	0.18%
	KMB	C	0.11%	0.23%	0.11%
	KMI	A	0.19%	0.37%	0.19%
	KMX	B	0.04%	0.12%	0.04%
	KO	D	0.43%	0.33%	0.33%
	KR	B	0.15%	0.24%	0.15%
	KVUE	A	0.18%	0.18%	0.18%
	L	A	0.06%	0.33%	0.06%
	LDOS	C	0.1%	0.26%	0.1%
	LEN	D	0.16%	0.14%	0.14%
	LEN	D	0.01%	0.14%	0.01%
	LH	B	0.08%	0.22%	0.08%
	LHX	C	0.19%	0.28%	0.19%
	LIN	C	0.88%	0.3%	0.3%
	LMT	D	0.32%	0.3%	0.3%
	LNG	A	0.09%	0.3%	0.09%
	LNT	A	0.06%	0.27%	0.06%
	LOW	C	0.6%	0.22%	0.22%
	LUV	C	0.07%	0.13%	0.07%
	LYB	F	0.09%	0.22%	0.09%
	MAR	A	0.24%	0.27%	0.24%
	MAS	D	0.07%	0.17%	0.07%
	MCD	D	0.79%	0.26%	0.26%
	MCHP	F	0.16%	0.1%	0.1%
	MCK	A	0.15%	0.24%	0.15%
	MDLZ	F	0.37%	0.24%	0.24%
	MDT	D	0.46%	0.25%	0.25%
	MET	A	0.18%	0.26%	0.18%
	MGM	D	0.03%	0.14%	0.03%
	MKC	C	0.08%	0.18%	0.08%
	MKL	A	0.06%	0.25%	0.06%
	MLM	C	0.14%	0.22%	0.14%
	MMC	B	0.37%	0.3%	0.3%
	MMM	D	0.23%	0.12%	0.12%
	MNST	C	0.03%	0.23%	0.03%
	MO	A	0.37%	0.27%	0.27%
	MOH	F	0.03%	0.13%	0.03%
	MPC	D	0.21%	0.15%	0.15%
	MS	A	0.51%	0.26%	0.26%
	MSCI	C	0.07%	0.16%	0.07%
	MSI	B	0.16%	0.31%	0.16%
	MTB	A	0.13%	0.22%	0.13%
	MTD	F	0.11%	0.11%	0.11%
	NDAQ	A	0.12%	0.26%	0.12%
	NDSN	B	0.06%	0.21%	0.06%
	NEE	C	0.65%	0.17%	0.17%
	NI	A	0.06%	0.32%	0.06%
	NKE	F	0.14%	0.12%	0.12%
	NOC	D	0.28%	0.23%	0.23%
	NRG	B	0.04%	0.15%	0.04%
	NSC	B	0.23%	0.18%	0.18%
	NTAP	C	0.05%	0.14%	0.05%
	NTRS	A	0.08%	0.24%	0.08%
	NUE	C	0.14%	0.17%	0.14%
	NVR	D	0.1%	0.19%	0.1%
	NWSA	A	0.04%	0.22%	0.04%
	OC	A	0.06%	0.18%	0.06%
	OKE	A	0.23%	0.32%	0.23%
	OMC	C	0.08%	0.22%	0.08%
	ON	D	0.12%	0.08%	0.08%
	ORLY	B	0.02%	0.26%	0.02%
	OTIS	C	0.16%	0.28%	0.16%
	OVV	B	0.04%	0.18%	0.04%
	OXY	D	0.13%	0.2%	0.13%
	PAG	B	0.01%	0.17%	0.01%
	PAYX	B	0.11%	0.27%	0.11%
	PCAR	B	0.21%	0.22%	0.21%
	PCG	A	0.17%	0.27%	0.17%
	PEG	A	0.18%	0.3%	0.18%
	PEP	F	0.19%	0.25%	0.19%
	PFG	D	0.08%	0.26%	0.08%
	PFGC	B	0.04%	0.21%	0.04%
	PG	C	1.21%	0.31%	0.31%
	PGR	A	0.09%	0.23%	0.09%
	PH	A	0.32%	0.2%	0.2%
	PHM	D	0.11%	0.15%	0.11%
	PKG	A	0.08%	0.29%	0.08%
	PM	B	0.83%	0.31%	0.31%
	PNC	B	0.3%	0.21%	0.21%
	PPG	F	0.12%	0.26%	0.12%
	PPL	A	0.1%	0.31%	0.1%
	PR	B	0.03%	0.17%	0.03%
	PRU	A	0.18%	0.22%	0.18%
	PSTG	D	0.01%	0.09%	0.01%
	PSX	C	0.2%	0.18%	0.18%
	PTC	B	0.03%	0.24%	0.03%
	PWR	A	0.12%	0.17%	0.12%
	PYPL	B	0.32%	0.16%	0.16%
	QCOM	F	0.05%	0.11%	0.05%
	RCL	A	0.13%	0.19%	0.13%
	REGN	F	0.32%	0.18%	0.18%
	RF	A	0.09%	0.2%	0.09%
	RGA	A	0.06%	0.22%	0.06%
	RJF	A	0.11%	0.3%	0.11%
	RKT	F	0.01%	0.06%	0.01%
	RMD	C	0.1%	0.11%	0.1%
	RNR	C	0.05%	0.22%	0.05%
	ROK	C	0.11%	0.14%	0.11%
	ROP	B	0.23%	0.26%	0.23%
	ROST	D	0.14%	0.22%	0.14%
	RPM	A	0.05%	0.26%	0.05%
	RS	B	0.07%	0.19%	0.07%
	RSG	A	0.16%	0.34%	0.16%
	RTX	D	0.64%	0.26%	0.26%
	RVTY	F	0.06%	0.14%	0.06%
	SBUX	A	0.1%	0.12%	0.1%
	SCHW	B	0.38%	0.22%	0.22%
	SCI	B	0.05%	0.25%	0.05%
	SHW	B	0.03%	0.23%	0.03%
	SJM	D	0.05%	0.2%	0.05%
	SLB	C	0.23%	0.18%	0.18%
	SNA	A	0.07%	0.26%	0.07%
	SO	C	0.4%	0.28%	0.28%
	SOLV	D	0.04%	0.13%	0.04%
	SPGI	C	0.6%	0.29%	0.29%
	SQ	A	0.09%	0.13%	0.09%
	SRE	A	0.21%	0.3%	0.21%
	SSNC	B	0.06%	0.25%	0.06%
	STE	D	0.09%	0.2%	0.09%
	STLD	B	0.08%	0.2%	0.08%
	STT	B	0.11%	0.24%	0.11%
	STZ	D	0.15%	0.24%	0.15%
	SWKS	F	0.06%	0.1%	0.06%
	SYF	B	0.09%	0.2%	0.09%
	SYK	B	0.36%	0.26%	0.26%
	SYY	D	0.06%	0.23%	0.06%
	T	A	0.65%	0.28%	0.28%
	TAP	C	0.04%	0.23%	0.04%
	TDG	D	0.23%	0.2%	0.2%
	TDY	B	0.08%	0.22%	0.08%
	TECH	F	0.05%	0.11%	0.05%
	TER	F	0.01%	0.08%	0.01%
	TFX	F	0.04%	0.14%	0.04%
	TGT	F	0.28%	0.15%	0.15%
	THC	D	0.06%	0.13%	0.06%
	TJX	A	0.21%	0.27%	0.21%
	TMO	F	0.84%	0.19%	0.19%
	TMUS	B	0.43%	0.42%	0.42%
	TOL	B	0.06%	0.13%	0.06%
	TRMB	B	0.06%	0.23%	0.06%
	TROW	B	0.1%	0.22%	0.1%
	TRV	B	0.22%	0.25%	0.22%
	TT	A	0.22%	0.23%	0.22%
	TTEK	F	0.04%	0.17%	0.04%
	TW	A	0.04%	0.24%	0.04%
	TXN	C	0.65%	0.17%	0.17%
	TXT	D	0.06%	0.19%	0.06%
	TYL	B	0.02%	0.2%	0.02%
	UAL	A	0.1%	0.22%	0.1%
	UHAL	D	0.02%	0.14%	0.02%
	UHAL	D	0.0%	0.14%	0.0%
	UHS	D	0.05%	0.15%	0.05%
	ULTA	F	0.01%	0.14%	0.01%
	UNH	B	1.94%	0.19%	0.19%
	UNP	C	0.3%	0.25%	0.25%
	UPS	C	0.39%	0.18%	0.18%
	URI	C	0.16%	0.14%	0.14%
	USB	A	0.3%	0.19%	0.19%
	USFD	A	0.06%	0.22%	0.06%
	UTHR	C	0.07%	0.16%	0.07%
	VLO	C	0.17%	0.16%	0.16%
	VLTO	C	0.06%	0.2%	0.06%
	VMC	B	0.11%	0.23%	0.11%
	VRSN	C	0.06%	0.25%	0.06%
	VZ	C	0.71%	0.23%	0.23%
	WAB	B	0.13%	0.26%	0.13%
	WAT	C	0.03%	0.16%	0.03%
	WEC	A	0.12%	0.26%	0.12%
	WFC	A	0.91%	0.24%	0.24%
	WLK	D	0.02%	0.15%	0.02%
	WMB	A	0.25%	0.33%	0.25%
	WMS	F	0.03%	0.11%	0.03%
	WMT	A	1.42%	0.29%	0.29%
	WRB	A	0.07%	0.22%	0.07%
	WSM	C	0.03%	0.1%	0.03%
	WSO	A	0.07%	0.19%	0.07%
	WST	C	0.04%	0.13%	0.04%
	XEL	A	0.15%	0.23%	0.15%
	XOM	B	2.1%	0.26%	0.26%
	XYL	D	0.12%	0.21%	0.12%
	YUM	D	0.09%	0.29%	0.09%
	ZBH	C	0.09%	0.24%	0.09%
	ZBRA	B	0.06%	0.15%	0.06%
	ZM	C	0.08%	0.17%	0.08%
	ZTS	D	0.06%	0.17%	0.06%

VONV Overweight 439 Positions Relative to CFA

	Symbol	Grade	Weight
	PFE	F	0.64%
	BMY	B	0.45%
	MU	D	0.44%
	PLD	F	0.42%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	VRTX	D	0.25%
	MRVL	B	0.25%
	TFC	A	0.23%
	DLR	B	0.23%
	O	C	0.21%
	NEM	D	0.21%
	CCI	C	0.19%
	PSA	C	0.18%
	SPG	A	0.16%
	DFS	B	0.15%
	EXR	C	0.14%
	MSTR	B	0.14%
	AVB	B	0.13%
	VICI	C	0.13%
	WTW	B	0.12%
	VTR	B	0.11%
	EQR	C	0.11%
	SW	A	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	SBAC	D	0.1%
	IFF	D	0.1%
	WDC	D	0.09%
	CCL	A	0.09%
	WY	F	0.09%
	ILMN	C	0.09%
	ES	C	0.09%
	INVH	D	0.08%
	ARE	F	0.08%
	WBD	B	0.08%
	K	A	0.08%
	SUI	C	0.07%
	PNR	A	0.07%
	TSN	B	0.07%
	MRNA	F	0.07%
	MAA	B	0.07%
	ESS	B	0.07%
	BAX	F	0.07%
	BALL	F	0.07%
	TRU	D	0.07%
	VTRS	A	0.06%
	UDR	B	0.06%
	SWK	D	0.06%
	IRM	C	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	KIM	A	0.06%
	DOC	C	0.06%
	AMCR	C	0.06%
	FTI	A	0.05%
	UNM	A	0.05%
	AMH	C	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	C	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	BXP	C	0.05%
	JNPR	D	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	GLPI	C	0.05%
	REG	A	0.05%
	HES	B	0.05%
	DTM	A	0.04%
	FYBR	C	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	WAL	B	0.04%
	NYT	D	0.04%
	HSIC	C	0.04%
	LAD	A	0.04%
	WYNN	C	0.04%
	FRT	B	0.04%
	CRL	D	0.04%
	CIEN	C	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	DAY	B	0.04%
	PRI	B	0.04%
	LKQ	F	0.04%
	RGLD	C	0.04%
	SOFI	B	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	C	0.04%
	ARMK	B	0.04%
	AIZ	A	0.04%
	PNW	A	0.04%
	AA	A	0.04%
	DOX	D	0.04%
	AFRM	A	0.04%
	FBIN	D	0.04%
	SF	B	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	CTLT	C	0.04%
	MKTX	D	0.04%
	CUBE	C	0.04%
	NTNX	B	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	D	0.04%
	CG	B	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	ALB	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%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	C	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	MTG	C	0.03%
	ATI	C	0.03%
	SIRI	C	0.03%
	BFAM	D	0.03%
	CGNX	D	0.03%
	PB	B	0.03%
	PARA	C	0.03%
	OSK	C	0.03%
	KEX	B	0.03%
	HRB	D	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	D	0.03%
	JAZZ	B	0.03%
	WBA	F	0.03%
	RHI	C	0.03%
	FCN	F	0.03%
	MAT	D	0.03%
	AGNC	C	0.03%
	ROKU	D	0.03%
	MIDD	C	0.03%
	SSD	F	0.03%
	DASH	B	0.03%
	FR	D	0.03%
	FLS	B	0.03%
	BIO	C	0.03%
	ESAB	C	0.03%
	GNTX	C	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	C	0.03%
	CHE	D	0.03%
	ONTO	F	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	C	0.03%
	COLD	D	0.03%
	ADC	A	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	CBSH	B	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%
	BWA	D	0.03%
	EXAS	D	0.03%
	LECO	C	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	NNN	C	0.03%
	RL	C	0.03%
	RBC	A	0.03%
	TKO	A	0.03%
	OGE	A	0.03%
	PNFP	B	0.03%
	BERY	C	0.03%
	BRX	A	0.03%
	FMC	D	0.03%
	VOYA	B	0.03%
	KNX	C	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	A	0.03%
	GMED	A	0.03%
	EGP	D	0.03%
	RIVN	F	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	B	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	C	0.03%
	CMA	B	0.03%
	APA	D	0.03%
	MOS	F	0.03%
	BRBR	A	0.03%
	LAMR	C	0.03%
	CZR	F	0.03%
	ORI	A	0.03%
	X	B	0.03%
	SNX	D	0.03%
	INGR	C	0.03%
	ALNY	D	0.02%
	KMPR	A	0.02%
	MSGS	A	0.02%
	RH	C	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	F	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	D	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	OLED	F	0.02%
	GAP	C	0.02%
	M	F	0.02%
	FRPT	A	0.02%
	ASH	F	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	F	0.02%
	WTM	A	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	B	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	B	0.02%
	HXL	F	0.02%
	OLN	F	0.02%
	AVT	C	0.02%
	OGN	F	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	C	0.02%
	SEE	C	0.02%
	UGI	C	0.02%
	ZG	A	0.02%
	SON	F	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	B	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	LEA	F	0.02%
	PVH	C	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	C	0.02%
	SRCL	B	0.02%
	VNT	C	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	C	0.02%
	BEN	C	0.02%
	S	B	0.02%
	COLB	B	0.02%
	LFUS	D	0.02%
	ALK	B	0.02%
	ESI	B	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	A	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	F	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%
	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%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	F	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	D	0.01%
	AAP	D	0.01%
	AZTA	D	0.01%
	BROS	A	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RCM	A	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	D	0.01%
	ADTN	A	0.01%
	EXP	B	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	A	0.01%
	AGR	A	0.01%
	ALGM	D	0.01%
	CXT	C	0.01%
	VAC	C	0.01%
	CLVT	D	0.01%
	COLM	C	0.01%
	LOPE	C	0.01%
	MPW	F	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	C	0.01%
	NSA	C	0.01%
	CNM	D	0.01%
	BHF	C	0.01%
	MAN	F	0.01%
	MASI	B	0.01%
	PENN	C	0.01%
	WU	F	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	B	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	A	0.01%
	EPR	C	0.01%
	ZI	D	0.01%
	PRGO	C	0.01%
	HIW	C	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	F	0.01%
	NEU	D	0.01%
	PII	F	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	C	0.01%
	SMG	C	0.01%
	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	B	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	B	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	C	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	C	0.0%
	CERT	F	0.0%

VONV Underweight 94 Positions Relative to CFA

	Symbol	Grade	Weight
	V	A	-0.35%
	MA	B	-0.32%
	TRGP	A	-0.32%
	COR	B	-0.28%
	WM	B	-0.27%
	APP	B	-0.25%
	HEI	A	-0.24%
	COST	A	-0.24%
	VRSK	A	-0.24%
	MSFT	D	-0.24%
	GDDY	A	-0.24%
	LYV	A	-0.23%
	MCO	B	-0.23%
	TXRH	B	-0.23%
	EQH	C	-0.23%
	CLX	A	-0.23%
	MORN	B	-0.23%
	AXON	A	-0.22%
	ROL	B	-0.22%
	CPAY	A	-0.21%
	LPLA	A	-0.21%
	IT	C	-0.21%
	LVS	B	-0.21%
	AMZN	C	-0.2%
	AAPL	C	-0.2%
	TSCO	D	-0.2%
	ADSK	A	-0.2%
	OWL	A	-0.2%
	BX	A	-0.2%
	ARES	A	-0.2%
	ORCL	A	-0.2%
	TPL	A	-0.19%
	GOOGL	C	-0.19%
	ISRG	A	-0.19%
	WMG	D	-0.19%
	NFLX	A	-0.19%
	LII	A	-0.18%
	DVA	C	-0.18%
	MRK	D	-0.18%
	RYAN	A	-0.18%
	INTU	B	-0.18%
	ODFL	C	-0.17%
	DOCU	B	-0.17%
	CMG	B	-0.17%
	IDXX	F	-0.16%
	ABNB	C	-0.16%
	VEEV	C	-0.16%
	VST	A	-0.16%
	CDNS	B	-0.16%
	STX	C	-0.15%
	PODD	C	-0.15%
	EXPE	B	-0.15%
	PLTR	B	-0.15%
	MANH	D	-0.15%
	POOL	C	-0.15%
	ERIE	D	-0.15%
	DT	D	-0.15%
	NOW	A	-0.15%
	BAH	F	-0.15%
	SNPS	B	-0.14%
	FIX	A	-0.14%
	CPNG	D	-0.14%
	DDOG	A	-0.14%
	BSY	F	-0.14%
	XPO	B	-0.14%
	WDAY	B	-0.14%
	VRT	B	-0.13%
	META	D	-0.13%
	BURL	B	-0.13%
	TSLA	B	-0.13%
	DECK	A	-0.13%
	UBER	F	-0.12%
	TTD	B	-0.12%
	LLY	F	-0.12%
	CRWD	B	-0.12%
	ANET	C	-0.12%
	NBIX	C	-0.12%
	PANW	B	-0.11%
	WING	D	-0.11%
	NXPI	D	-0.11%
	ADBE	C	-0.11%
	LRCX	F	-0.1%
	ENTG	D	-0.1%
	NVDA	B	-0.1%
	KNSL	B	-0.1%
	PINS	F	-0.1%
	AVGO	D	-0.1%
	KLAC	F	-0.09%
	CHWY	B	-0.08%
	DXCM	C	-0.08%
	SRPT	F	-0.07%
	MPWR	F	-0.06%
	ENPH	F	-0.04%
	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

CFA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Aerospace & Defense Banks - Regional - US Oil & Gas E&P Medical Devices Restaurants Software - Infrastructure Specialty Chemicals Biotechnology Drug Manufacturers - Major Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Dow Jones Component Electricity Electronics Aerospace Medicine Bank Chemical Semiconductor Banking Insurance Products Telecommunications Cloud Computing IBD 50 Investment Bank Mining