VONV vs. CSM ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to ProShares Large Cap Core Plus (CSM)

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

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	VONV	CSM
30 Days	3.51%	2.89%
60 Days	4.96%	4.45%
90 Days	7.00%	6.39%
12 Months	29.73%	32.21%

264 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in CSM	Overlap
	A	D	0.15%	0.29%	0.15%
	ABBV	D	0.82%	0.35%	0.35%
	ABT	B	0.78%	0.06%	0.06%
	ACGL	D	0.14%	0.3%	0.14%
	ACN	C	0.87%	0.05%	0.05%
	AES	F	0.05%	0.19%	0.05%
	AIZ	A	0.04%	0.32%	0.04%
	AKAM	D	0.06%	0.19%	0.06%
	ALL	A	0.17%	0.38%	0.17%
	ALLE	D	0.05%	0.11%	0.05%
	AMAT	F	0.05%	0.21%	0.05%
	AMD	F	0.32%	0.15%	0.15%
	AME	A	0.17%	0.38%	0.17%
	AMGN	D	0.15%	0.04%	0.04%
	AOS	F	0.04%	0.06%	0.04%
	APA	D	0.03%	0.21%	0.03%
	APD	A	0.28%	0.35%	0.28%
	APH	A	0.13%	0.44%	0.13%
	APTV	D	0.06%	0.2%	0.06%
	ARE	D	0.08%	0.03%	0.03%
	AVB	B	0.13%	0.35%	0.13%
	BAC	A	1.14%	0.29%	0.29%
	BAX	D	0.07%	0.25%	0.07%
	BBY	D	0.08%	0.26%	0.08%
	BDX	F	0.27%	0.37%	0.27%
	BEN	C	0.02%	0.32%	0.02%
	BG	F	0.05%	0.24%	0.05%
	BIIB	F	0.1%	0.14%	0.1%
	BK	A	0.22%	0.13%	0.13%
	BKR	B	0.15%	0.39%	0.15%
	BLDR	D	0.07%	0.16%	0.07%
	BMY	B	0.45%	0.49%	0.45%
	BRK.A	B	3.3%	0.96%	0.96%
	BRO	B	0.06%	0.34%	0.06%
	BWA	D	0.03%	0.15%	0.03%
	CAG	D	0.06%	0.1%	0.06%
	CAH	B	0.04%	0.34%	0.04%
	CBOE	B	0.09%	0.28%	0.09%
	CBRE	B	0.16%	0.35%	0.16%
	CCL	B	0.09%	0.38%	0.09%
	CE	F	0.04%	0.16%	0.04%
	CFG	B	0.08%	0.19%	0.08%
	CHD	B	0.1%	0.06%	0.06%
	CI	F	0.32%	0.38%	0.32%
	CMCSA	B	0.67%	0.23%	0.23%
	CME	A	0.32%	0.4%	0.32%
	CNC	D	0.13%	0.26%	0.13%
	CNP	B	0.07%	0.32%	0.07%
	COF	B	0.25%	0.27%	0.25%
	CPB	D	0.04%	0.09%	0.04%
	CPT	B	0.05%	0.29%	0.05%
	CRL	C	0.04%	0.28%	0.04%
	CRM	B	0.17%	0.83%	0.17%
	CSCO	B	0.89%	0.04%	0.04%
	CSGP	D	0.12%	0.04%	0.04%
	CSX	B	0.26%	0.25%	0.25%
	CTSH	B	0.15%	0.35%	0.15%
	CTVA	C	0.17%	0.1%	0.1%
	CVS	D	0.29%	0.2%	0.2%
	CVX	A	1.03%	0.09%	0.09%
	DAY	B	0.04%	0.09%	0.04%
	DFS	B	0.15%	0.18%	0.15%
	DG	F	0.07%	0.22%	0.07%
	DHI	D	0.2%	0.23%	0.2%
	DHR	F	0.63%	0.03%	0.03%
	DIS	B	0.71%	0.1%	0.1%
	DLR	B	0.23%	0.07%	0.07%
	DOC	D	0.06%	0.21%	0.06%
	DPZ	C	0.04%	0.05%	0.04%
	DTE	C	0.1%	0.3%	0.1%
	DUK	C	0.36%	0.34%	0.34%
	DVN	F	0.1%	0.3%	0.1%
	EA	A	0.16%	0.2%	0.16%
	EBAY	D	0.12%	0.07%	0.07%
	EG	C	0.05%	0.25%	0.05%
	EIX	B	0.13%	0.32%	0.13%
	EL	F	0.04%	0.21%	0.04%
	EMN	D	0.05%	0.28%	0.05%
	EMR	A	0.25%	0.22%	0.22%
	EPAM	C	0.04%	0.05%	0.04%
	EQIX	A	0.33%	0.26%	0.26%
	EQR	B	0.11%	0.33%	0.11%
	ETN	A	0.53%	0.42%	0.42%
	ETR	B	0.13%	0.37%	0.13%
	EXC	C	0.16%	0.29%	0.16%
	F	C	0.16%	0.15%	0.15%
	FANG	D	0.13%	0.32%	0.13%
	FAST	B	0.03%	0.04%	0.03%
	FCX	D	0.26%	0.12%	0.12%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.25%	0.29%	0.25%
	FE	C	0.1%	0.1%	0.1%
	FFIV	B	0.05%	0.34%	0.05%
	FIS	C	0.2%	0.07%	0.07%
	FITB	A	0.12%	0.15%	0.12%
	FMC	D	0.03%	0.03%	0.03%
	FOXA	B	0.04%	0.26%	0.04%
	FRT	B	0.04%	0.3%	0.04%
	FSLR	F	0.08%	0.1%	0.08%
	FTNT	C	0.04%	0.33%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	GE	D	0.59%	0.57%	0.57%
	GEHC	F	0.14%	0.2%	0.14%
	GEN	B	0.06%	0.18%	0.06%
	GILD	C	0.44%	0.24%	0.24%
	GL	B	0.04%	0.21%	0.04%
	GM	B	0.23%	0.4%	0.23%
	GPC	D	0.06%	0.14%	0.06%
	GRMN	B	0.12%	0.37%	0.12%
	HAL	C	0.1%	0.23%	0.1%
	HBAN	A	0.09%	0.28%	0.09%
	HCA	F	0.2%	0.15%	0.15%
	HD	A	0.32%	0.31%	0.31%
	HES	B	0.05%	0.14%	0.05%
	HIG	B	0.13%	0.33%	0.13%
	HII	D	0.03%	0.24%	0.03%
	HOLX	D	0.07%	0.11%	0.07%
	HPQ	B	0.11%	0.29%	0.11%
	HRL	D	0.04%	0.06%	0.04%
	HST	C	0.05%	0.31%	0.05%
	HWM	A	0.15%	0.39%	0.15%
	IBM	C	0.76%	0.03%	0.03%
	IEX	B	0.07%	0.29%	0.07%
	INCY	C	0.04%	0.36%	0.04%
	INTC	D	0.37%	0.25%	0.25%
	INVH	D	0.08%	0.28%	0.08%
	IP	B	0.08%	0.06%	0.06%
	IPG	D	0.04%	0.12%	0.04%
	IQV	D	0.13%	0.25%	0.13%
	IR	B	0.15%	0.33%	0.15%
	IVZ	B	0.03%	0.29%	0.03%
	J	F	0.07%	0.04%	0.04%
	JBL	B	0.05%	0.08%	0.05%
	JKHY	D	0.05%	0.12%	0.05%
	JNJ	D	1.54%	0.4%	0.4%
	JPM	A	2.55%	0.69%	0.69%
	KDP	D	0.15%	0.12%	0.12%
	KHC	F	0.12%	0.11%	0.11%
	KMB	D	0.11%	0.32%	0.11%
	KMI	A	0.19%	0.12%	0.12%
	KMX	B	0.04%	0.21%	0.04%
	KO	D	0.43%	0.12%	0.12%
	KR	B	0.15%	0.36%	0.15%
	L	A	0.06%	0.33%	0.06%
	LDOS	C	0.1%	0.37%	0.1%
	LEN	D	0.01%	0.32%	0.01%
	LEN	D	0.16%	0.32%	0.16%
	LIN	D	0.88%	0.08%	0.08%
	LKQ	D	0.04%	0.1%	0.04%
	LMT	D	0.32%	0.2%	0.2%
	LOW	D	0.6%	0.04%	0.04%
	LYB	F	0.09%	0.27%	0.09%
	MAA	B	0.07%	0.28%	0.07%
	MAR	B	0.24%	0.09%	0.09%
	MAS	D	0.07%	0.04%	0.04%
	MCD	D	0.79%	0.03%	0.03%
	MCK	B	0.15%	0.45%	0.15%
	MDT	D	0.46%	0.25%	0.25%
	MET	A	0.18%	0.24%	0.18%
	MGM	D	0.03%	0.18%	0.03%
	MKC	D	0.08%	0.05%	0.05%
	MMC	B	0.37%	0.04%	0.04%
	MOH	F	0.03%	0.16%	0.03%
	MSCI	C	0.07%	0.15%	0.07%
	MSI	B	0.16%	0.23%	0.16%
	MTB	A	0.13%	0.34%	0.13%
	MTCH	D	0.04%	0.07%	0.04%
	MTD	D	0.11%	0.28%	0.11%
	MU	D	0.44%	0.44%	0.44%
	NEM	D	0.21%	0.09%	0.09%
	NI	A	0.06%	0.21%	0.06%
	NOC	D	0.28%	0.38%	0.28%
	NRG	B	0.04%	0.33%	0.04%
	NTRS	A	0.08%	0.29%	0.08%
	NUE	C	0.14%	0.08%	0.08%
	NWSA	B	0.04%	0.12%	0.04%
	OKE	A	0.23%	0.18%	0.18%
	OMC	C	0.08%	0.23%	0.08%
	ON	D	0.12%	0.12%	0.12%
	OTIS	C	0.16%	0.32%	0.16%
	PARA	C	0.03%	0.19%	0.03%
	PAYC	B	0.02%	0.32%	0.02%
	PAYX	C	0.11%	0.07%	0.07%
	PCG	A	0.17%	0.29%	0.17%
	PEP	F	0.19%	0.32%	0.19%
	PFE	D	0.64%	0.12%	0.12%
	PFG	D	0.08%	0.11%	0.08%
	PG	A	1.21%	0.4%	0.4%
	PGR	A	0.09%	0.23%	0.09%
	PH	A	0.32%	0.45%	0.32%
	PHM	D	0.11%	0.3%	0.11%
	PKG	A	0.08%	0.05%	0.05%
	PLD	D	0.42%	0.33%	0.33%
	PM	B	0.83%	0.04%	0.04%
	PNR	A	0.07%	0.33%	0.07%
	PNW	B	0.04%	0.13%	0.04%
	PPG	F	0.12%	0.23%	0.12%
	PRU	A	0.18%	0.29%	0.18%
	PSA	D	0.18%	0.14%	0.14%
	PSX	C	0.2%	0.12%	0.12%
	PTC	A	0.03%	0.04%	0.03%
	PYPL	B	0.32%	0.25%	0.25%
	QCOM	F	0.05%	0.5%	0.05%
	QRVO	F	0.03%	0.19%	0.03%
	RCL	A	0.13%	0.42%	0.13%
	REG	B	0.05%	0.2%	0.05%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.11%	0.4%	0.11%
	RL	B	0.03%	0.32%	0.03%
	RMD	C	0.1%	0.2%	0.1%
	ROP	B	0.23%	0.12%	0.12%
	ROST	C	0.14%	0.04%	0.04%
	RSG	A	0.16%	0.34%	0.16%
	SJM	D	0.05%	0.18%	0.05%
	SLB	C	0.23%	0.31%	0.23%
	SNA	A	0.07%	0.39%	0.07%
	SO	D	0.4%	0.26%	0.26%
	SPG	B	0.16%	0.14%	0.14%
	STE	F	0.09%	0.31%	0.09%
	STLD	B	0.08%	0.14%	0.08%
	SWK	D	0.06%	0.25%	0.06%
	SWKS	F	0.06%	0.2%	0.06%
	SYF	B	0.09%	0.39%	0.09%
	SYY	B	0.06%	0.13%	0.06%
	T	A	0.65%	0.2%	0.2%
	TAP	C	0.04%	0.34%	0.04%
	TDY	B	0.08%	0.13%	0.08%
	TFX	F	0.04%	0.21%	0.04%
	TGT	F	0.28%	0.33%	0.28%
	TJX	A	0.21%	0.48%	0.21%
	TMO	F	0.84%	0.55%	0.55%
	TMUS	B	0.43%	0.5%	0.43%
	TPR	B	0.04%	0.16%	0.04%
	TRMB	B	0.06%	0.05%	0.05%
	TROW	B	0.1%	0.35%	0.1%
	TRV	B	0.22%	0.11%	0.11%
	TSN	B	0.07%	0.34%	0.07%
	TT	A	0.22%	0.43%	0.22%
	TXT	D	0.06%	0.26%	0.06%
	UAL	A	0.1%	0.42%	0.1%
	UHS	D	0.05%	0.29%	0.05%
	UNH	C	1.94%	0.52%	0.52%
	URI	B	0.16%	0.13%	0.13%
	VICI	C	0.13%	0.33%	0.13%
	VLO	C	0.17%	0.08%	0.08%
	VRSN	F	0.06%	0.25%	0.06%
	VRTX	F	0.25%	0.46%	0.25%
	VTR	C	0.11%	0.31%	0.11%
	VTRS	A	0.06%	0.29%	0.06%
	VZ	C	0.71%	0.05%	0.05%
	WAB	B	0.13%	0.26%	0.13%
	WBA	F	0.03%	0.15%	0.03%
	WDC	D	0.09%	0.22%	0.09%
	WELL	A	0.33%	0.42%	0.33%
	WFC	A	0.91%	0.15%	0.15%
	WMT	A	1.42%	0.24%	0.24%
	WRB	A	0.07%	0.08%	0.07%
	WTW	B	0.12%	0.14%	0.12%
	WY	D	0.09%	0.3%	0.09%
	WYNN	D	0.04%	0.04%	0.04%
	XEL	A	0.15%	0.35%	0.15%
	XOM	B	2.1%	0.51%	0.51%
	XYL	D	0.12%	0.26%	0.12%
	ZTS	D	0.06%	0.15%	0.06%

VONV Overweight 578 Positions Relative to CSM

	Symbol	Grade	Weight
	TXN	C	0.65%
	NEE	D	0.65%
	RTX	C	0.64%
	CAT	B	0.63%
	SPGI	C	0.6%
	BLK	C	0.58%
	MS	A	0.51%
	COP	C	0.51%
	C	A	0.49%
	BSX	B	0.49%
	GS	A	0.48%
	CB	C	0.46%
	HON	B	0.45%
	ADI	D	0.44%
	DE	A	0.41%
	UPS	C	0.39%
	AXP	A	0.38%
	SCHW	B	0.38%
	MDLZ	F	0.37%
	MO	A	0.37%
	SYK	C	0.36%
	ICE	C	0.35%
	BA	F	0.34%
	GEV	B	0.33%
	ELV	F	0.32%
	GD	F	0.32%
	REGN	F	0.32%
	FI	A	0.31%
	UNP	C	0.3%
	PNC	B	0.3%
	USB	A	0.3%
	AON	A	0.29%
	CEG	D	0.28%
	EOG	A	0.28%
	KKR	A	0.27%
	MRVL	B	0.25%
	WMB	A	0.25%
	AJG	B	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	MPC	D	0.21%
	O	D	0.21%
	AEP	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	AIG	B	0.2%
	CARR	D	0.2%
	D	C	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PEG	A	0.18%
	CMI	A	0.18%
	JCI	C	0.17%
	MCHP	D	0.16%
	GLW	B	0.15%
	DAL	C	0.15%
	STZ	D	0.15%
	GIS	D	0.15%
	EXR	D	0.14%
	CL	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	ED	D	0.14%
	NKE	D	0.14%
	MSTR	C	0.14%
	EW	C	0.13%
	OXY	D	0.13%
	WEC	A	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	GPN	B	0.11%
	SW	A	0.11%
	VMC	B	0.11%
	AWK	D	0.11%
	ROK	B	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	STT	A	0.11%
	HLT	A	0.11%
	DELL	C	0.11%
	PPL	B	0.1%
	SBAC	D	0.1%
	SBUX	A	0.1%
	HPE	B	0.1%
	IFF	D	0.1%
	NVR	D	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	EFX	F	0.1%
	LNG	B	0.09%
	CINF	A	0.09%
	ZBH	C	0.09%
	HSY	F	0.09%
	YUM	B	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	LH	C	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	CMS	C	0.08%
	ATO	A	0.08%
	K	A	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	MRNA	F	0.07%
	CTRA	B	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	TRU	D	0.07%
	UDR	B	0.06%
	RGA	A	0.06%
	VLTO	D	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	KEY	B	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	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%
	DLTR	F	0.05%
	GLPI	C	0.05%
	NTAP	C	0.05%
	CW	B	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%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	BKNG	A	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AA	B	0.04%
	SOLV	C	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%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	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%
	ATR	B	0.04%
	ALB	C	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%
	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%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	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%
	DASH	A	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%
	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%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	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%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	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%
	ECL	D	0.03%
	VOYA	B	0.03%
	CRBG	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%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	CMA	A	0.03%
	ADP	B	0.03%
	MOS	F	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	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%
	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%
	AZO	C	0.02%
	WTM	A	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%
	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	A	0.02%
	TKR	D	0.02%
	POST	C	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%
	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%
	GWW	B	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%
	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	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%
	BR	A	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	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%
	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%
	CPRT	A	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%
	NWS	B	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%
	CTAS	B	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%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 44 Positions Relative to CSM

	Symbol	Grade	Weight
	NVDA	C	-4.99%
	AAPL	C	-4.66%
	MSFT	F	-4.32%
	AMZN	C	-2.77%
	META	D	-1.6%
	GOOGL	C	-1.27%
	AVGO	D	-1.22%
	GOOG	C	-1.02%
	TSLA	B	-0.97%
	LLY	F	-0.91%
	MRK	F	-0.62%
	INTU	C	-0.58%
	ADBE	C	-0.52%
	NFLX	A	-0.46%
	V	A	-0.43%
	SNPS	B	-0.42%
	TRGP	B	-0.4%
	UBER	D	-0.39%
	MA	C	-0.38%
	GDDY	A	-0.37%
	MCO	B	-0.36%
	LYV	A	-0.35%
	CDNS	B	-0.35%
	NCLH	B	-0.35%
	COR	B	-0.33%
	COST	B	-0.32%
	ANET	C	-0.31%
	STX	D	-0.28%
	ROL	B	-0.26%
	PANW	C	-0.2%
	CRWD	B	-0.19%
	BX	A	-0.18%
	ADSK	A	-0.17%
	LRCX	F	-0.17%
	ABNB	C	-0.16%
	NOW	A	-0.14%
	ORCL	B	-0.13%
	ISRG	A	-0.09%
	LULU	C	-0.09%
	DXCM	D	-0.08%
	CLX	B	-0.06%
	WM	A	-0.04%
	CMG	B	-0.04%
	SMCI	F	-0.03%

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

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Semiconductors Diagnostics & Research Medical Instruments & Supplies Utilities - Regulated Electric Asset Management Credit Services Internet Content & Information Packaged Foods Banks - Regional - US Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense Business Services

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Insurance Electronics Electricity Real Estate Investment Trust Bank Aerospace Banking Medicine Mobile Devices Telecommunications Chemical Work From Home Petroleum Industry Transport Disability