VONV vs. DFLV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Dimensional US Large Cap Value ETF (DFLV)

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

$86.14

Average Daily Volume

362,194

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$32.15

Average Daily Volume

324,414

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

Performance

Period	VONV	DFLV
30 Days	2.60%	3.28%
60 Days	4.54%	5.48%
90 Days	6.20%	6.32%
12 Months	28.76%	29.27%

329 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in DFLV	Overlap
	ABT	B	0.78%	0.85%	0.78%
	ACGL	C	0.14%	0.4%	0.14%
	ACI	C	0.03%	0.07%	0.03%
	ACM	B	0.06%	0.0%	0.0%
	ADI	D	0.44%	0.65%	0.44%
	ADM	D	0.11%	0.09%	0.09%
	AFG	A	0.04%	0.01%	0.01%
	AFL	B	0.23%	0.27%	0.23%
	AIG	B	0.2%	0.54%	0.2%
	AKAM	D	0.06%	0.14%	0.06%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	A	0.17%	0.16%	0.16%
	ALLY	C	0.03%	0.04%	0.03%
	AMCR	C	0.06%	0.13%	0.06%
	AMD	F	0.32%	0.53%	0.32%
	AME	A	0.17%	0.42%	0.17%
	APD	A	0.28%	0.46%	0.28%
	APTV	F	0.06%	0.09%	0.06%
	AR	B	0.03%	0.01%	0.01%
	ARMK	B	0.04%	0.02%	0.02%
	ARW	D	0.03%	0.0%	0.0%
	AVTR	F	0.06%	0.08%	0.06%
	BAC	A	1.14%	1.01%	1.01%
	BALL	F	0.07%	0.21%	0.07%
	BAX	F	0.07%	0.05%	0.05%
	BBY	D	0.08%	0.01%	0.01%
	BDX	F	0.27%	0.44%	0.27%
	BG	D	0.05%	0.13%	0.05%
	BIIB	F	0.1%	0.14%	0.1%
	BK	A	0.22%	0.71%	0.22%
	BKR	A	0.15%	0.58%	0.15%
	BLD	D	0.04%	0.02%	0.02%
	BLDR	D	0.07%	0.28%	0.07%
	BLK	B	0.58%	0.08%	0.08%
	BMRN	F	0.05%	0.03%	0.03%
	BMY	B	0.45%	0.41%	0.41%
	BRK.A	B	3.3%	2.15%	2.15%
	BSX	A	0.49%	0.01%	0.01%
	BWA	D	0.03%	0.1%	0.03%
	C	A	0.49%	0.39%	0.39%
	CAG	F	0.06%	0.06%	0.06%
	CARR	C	0.2%	0.29%	0.2%
	CASY	A	0.05%	0.09%	0.05%
	CB	C	0.46%	0.6%	0.46%
	CBRE	B	0.16%	0.49%	0.16%
	CCK	D	0.04%	0.02%	0.02%
	CCL	A	0.09%	0.04%	0.04%
	CE	F	0.04%	0.07%	0.04%
	CF	A	0.06%	0.18%	0.06%
	CFG	B	0.08%	0.04%	0.04%
	CG	B	0.04%	0.0%	0.0%
	CHD	A	0.1%	0.02%	0.02%
	CHTR	C	0.12%	0.03%	0.03%
	CI	D	0.32%	0.73%	0.32%
	CINF	A	0.09%	0.06%	0.06%
	CLH	C	0.05%	0.04%	0.04%
	CMCSA	B	0.67%	1.52%	0.67%
	CME	B	0.32%	0.04%	0.04%
	CMI	A	0.18%	0.74%	0.18%
	CNA	C	0.0%	0.0%	0.0%
	CNC	D	0.13%	0.27%	0.13%
	CNH	C	0.04%	0.01%	0.01%
	COF	C	0.25%	0.47%	0.25%
	COP	C	0.51%	1.25%	0.51%
	COTY	F	0.01%	0.0%	0.0%
	CPB	D	0.04%	0.13%	0.04%
	CRBG	B	0.03%	0.09%	0.03%
	CRL	D	0.04%	0.07%	0.04%
	CRM	B	0.17%	1.39%	0.17%
	CSCO	B	0.89%	1.73%	0.89%
	CSGP	D	0.12%	0.05%	0.05%
	CSL	C	0.07%	0.17%	0.07%
	CSX	C	0.26%	0.36%	0.26%
	CTRA	B	0.07%	0.19%	0.07%
	CTSH	B	0.15%	0.64%	0.15%
	CTVA	C	0.17%	0.19%	0.17%
	CVS	D	0.29%	0.35%	0.29%
	CVX	A	1.03%	2.12%	1.03%
	CW	C	0.05%	0.0%	0.0%
	CZR	F	0.03%	0.0%	0.0%
	DAL	B	0.15%	0.56%	0.15%
	DAR	C	0.02%	0.04%	0.02%
	DD	C	0.14%	0.2%	0.14%
	DE	B	0.41%	0.61%	0.41%
	DFS	B	0.15%	0.66%	0.15%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.25%	0.07%
	DHI	F	0.2%	0.38%	0.2%
	DHR	F	0.63%	0.72%	0.63%
	DINO	D	0.02%	0.03%	0.02%
	DIS	B	0.71%	0.48%	0.48%
	DKS	D	0.04%	0.02%	0.02%
	DLTR	F	0.05%	0.12%	0.05%
	DOV	A	0.1%	0.35%	0.1%
	DOW	F	0.14%	0.66%	0.14%
	DOX	D	0.04%	0.33%	0.04%
	DVN	F	0.1%	0.28%	0.1%
	EA	A	0.16%	0.37%	0.16%
	EBAY	D	0.12%	0.47%	0.12%
	EG	C	0.05%	0.34%	0.05%
	ELV	F	0.32%	0.79%	0.32%
	EMN	C	0.05%	0.14%	0.05%
	EMR	B	0.25%	0.28%	0.25%
	EOG	A	0.28%	0.5%	0.28%
	EPAM	B	0.04%	0.03%	0.03%
	EQT	B	0.08%	0.07%	0.07%
	ETN	A	0.53%	0.44%	0.44%
	EW	C	0.13%	0.14%	0.13%
	EWBC	A	0.05%	0.03%	0.03%
	F	C	0.16%	0.53%	0.16%
	FANG	C	0.13%	0.58%	0.13%
	FBIN	D	0.04%	0.02%	0.02%
	FCNCA	A	0.09%	0.19%	0.09%
	FCX	F	0.26%	0.44%	0.26%
	FDX	B	0.25%	0.6%	0.25%
	FFIV	B	0.05%	0.06%	0.05%
	FI	A	0.31%	0.37%	0.31%
	FIS	C	0.2%	0.41%	0.2%
	FITB	B	0.12%	0.4%	0.12%
	FNF	B	0.06%	0.07%	0.06%
	FOX	A	0.02%	0.06%	0.02%
	FOXA	A	0.04%	0.12%	0.04%
	FSLR	F	0.08%	0.2%	0.08%
	FTRE	D	0.01%	0.01%	0.01%
	FTV	C	0.1%	0.18%	0.1%
	GD	D	0.32%	0.47%	0.32%
	GEHC	D	0.14%	0.42%	0.14%
	GFS	C	0.01%	0.03%	0.01%
	GGG	B	0.05%	0.01%	0.01%
	GILD	C	0.44%	0.76%	0.44%
	GIS	D	0.15%	0.5%	0.15%
	GL	C	0.04%	0.06%	0.04%
	GLW	B	0.15%	0.75%	0.15%
	GM	C	0.23%	0.9%	0.23%
	GNTX	C	0.03%	0.0%	0.0%
	GPC	D	0.06%	0.15%	0.06%
	GPN	B	0.11%	0.15%	0.11%
	GRMN	B	0.12%	0.47%	0.12%
	GS	A	0.48%	1.15%	0.48%
	GXO	B	0.03%	0.0%	0.0%
	H	B	0.02%	0.01%	0.01%
	HAL	C	0.1%	0.25%	0.1%
	HAS	D	0.0%	0.0%	0.0%
	HBAN	A	0.09%	0.12%	0.09%
	HES	B	0.05%	0.07%	0.05%
	HIG	B	0.13%	0.64%	0.13%
	HII	F	0.03%	0.02%	0.02%
	HOLX	D	0.07%	0.15%	0.07%
	HOOD	B	0.06%	0.0%	0.0%
	HPE	B	0.1%	0.34%	0.1%
	HPQ	B	0.11%	0.27%	0.11%
	HRL	D	0.04%	0.06%	0.04%
	HSIC	C	0.04%	0.02%	0.02%
	HUM	C	0.12%	0.11%	0.11%
	ICE	C	0.35%	0.02%	0.02%
	IEX	C	0.07%	0.05%	0.05%
	IFF	D	0.1%	0.09%	0.09%
	ILMN	C	0.09%	0.01%	0.01%
	INCY	C	0.04%	0.01%	0.01%
	INTC	C	0.37%	0.33%	0.33%
	IP	A	0.08%	0.15%	0.08%
	IPG	D	0.04%	0.06%	0.04%
	IQV	F	0.13%	0.01%	0.01%
	IR	B	0.15%	0.53%	0.15%
	IVZ	B	0.03%	0.01%	0.01%
	J	D	0.07%	0.1%	0.07%
	JBHT	C	0.06%	0.1%	0.06%
	JBL	C	0.05%	0.04%	0.04%
	JCI	B	0.17%	0.6%	0.17%
	JLL	D	0.04%	0.07%	0.04%
	JNJ	C	1.54%	1.13%	1.13%
	JNPR	D	0.05%	0.09%	0.05%
	JPM	A	2.55%	5.12%	2.55%
	KDP	F	0.15%	0.31%	0.15%
	KEY	B	0.06%	0.07%	0.06%
	KEYS	A	0.1%	0.21%	0.1%
	KHC	F	0.12%	0.16%	0.12%
	KMI	A	0.19%	0.37%	0.19%
	KMX	B	0.04%	0.01%	0.01%
	KNX	C	0.03%	0.01%	0.01%
	KR	B	0.15%	0.66%	0.15%
	KVUE	A	0.18%	0.4%	0.18%
	L	A	0.06%	0.3%	0.06%
	LDOS	C	0.1%	0.19%	0.1%
	LEA	F	0.02%	0.01%	0.01%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.01%	0.48%	0.01%
	LEN	D	0.16%	0.48%	0.16%
	LEN	D	0.16%	0.0%	0.0%
	LH	B	0.08%	0.43%	0.08%
	LHX	C	0.19%	0.33%	0.19%
	LIN	C	0.88%	0.58%	0.58%
	LKQ	F	0.04%	0.07%	0.04%
	LUV	C	0.07%	0.11%	0.07%
	LYB	F	0.09%	0.44%	0.09%
	MDLZ	F	0.37%	0.62%	0.37%
	MDT	D	0.46%	0.66%	0.46%
	MET	A	0.18%	0.42%	0.18%
	MHK	D	0.03%	0.01%	0.01%
	MKC	C	0.08%	0.05%	0.05%
	MKL	A	0.06%	0.12%	0.06%
	MLM	C	0.14%	0.52%	0.14%
	MNST	C	0.03%	0.0%	0.0%
	MOH	F	0.03%	0.12%	0.03%
	MOS	F	0.03%	0.01%	0.01%
	MPC	D	0.21%	0.5%	0.21%
	MRNA	F	0.07%	0.04%	0.04%
	MRO	B	0.06%	0.09%	0.06%
	MRVL	B	0.25%	0.2%	0.2%
	MS	A	0.51%	1.0%	0.51%
	MTB	A	0.13%	0.23%	0.13%
	MTDR	B	0.02%	0.0%	0.0%
	MU	D	0.44%	0.34%	0.34%
	NDAQ	A	0.12%	0.0%	0.0%
	NDSN	B	0.06%	0.04%	0.04%
	NEM	D	0.21%	0.3%	0.21%
	NOC	D	0.28%	0.31%	0.28%
	NRG	B	0.04%	0.17%	0.04%
	NSC	B	0.23%	0.58%	0.23%
	NTRS	A	0.08%	0.11%	0.08%
	NUE	C	0.14%	0.69%	0.14%
	NVT	B	0.05%	0.01%	0.01%
	NWS	A	0.01%	0.02%	0.01%
	NWSA	A	0.04%	0.07%	0.04%
	OC	A	0.06%	0.31%	0.06%
	OKE	A	0.23%	0.33%	0.23%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.16%	0.08%
	ON	D	0.12%	0.25%	0.12%
	OTIS	C	0.16%	0.19%	0.16%
	OVV	B	0.04%	0.08%	0.04%
	OXY	D	0.13%	0.14%	0.13%
	PAG	B	0.01%	0.01%	0.01%
	PCAR	B	0.21%	0.82%	0.21%
	PFE	F	0.64%	0.32%	0.32%
	PFG	D	0.08%	0.18%	0.08%
	PFGC	B	0.04%	0.08%	0.04%
	PH	A	0.32%	0.24%	0.24%
	PHM	D	0.11%	0.5%	0.11%
	PKG	A	0.08%	0.25%	0.08%
	PNC	B	0.3%	0.25%	0.25%
	PNR	A	0.07%	0.26%	0.07%
	PPG	F	0.12%	0.35%	0.12%
	PR	B	0.03%	0.02%	0.02%
	PRU	A	0.18%	0.57%	0.18%
	PSX	C	0.2%	0.5%	0.2%
	PWR	A	0.12%	0.29%	0.12%
	PYPL	B	0.32%	0.25%	0.25%
	QRVO	F	0.03%	0.01%	0.01%
	REGN	F	0.32%	0.42%	0.32%
	RF	A	0.09%	0.5%	0.09%
	RGA	A	0.06%	0.03%	0.03%
	RJF	A	0.11%	0.41%	0.11%
	RNR	C	0.05%	0.04%	0.04%
	ROP	B	0.23%	0.11%	0.11%
	RS	B	0.07%	0.19%	0.07%
	RSG	A	0.16%	0.13%	0.13%
	RTX	D	0.64%	0.76%	0.64%
	RVTY	F	0.06%	0.02%	0.02%
	SCHW	B	0.38%	0.04%	0.04%
	SIRI	C	0.03%	0.01%	0.01%
	SJM	D	0.05%	0.12%	0.05%
	SLB	C	0.23%	0.06%	0.06%
	SNA	A	0.07%	0.24%	0.07%
	SNX	D	0.03%	0.01%	0.01%
	SOLV	D	0.04%	0.02%	0.02%
	SQ	A	0.09%	0.2%	0.09%
	SSNC	B	0.06%	0.17%	0.06%
	ST	F	0.02%	0.0%	0.0%
	STE	D	0.09%	0.19%	0.09%
	STLD	B	0.08%	0.57%	0.08%
	STT	B	0.11%	0.17%	0.11%
	STZ	D	0.15%	0.41%	0.15%
	SW	A	0.11%	0.07%	0.07%
	SWK	D	0.06%	0.04%	0.04%
	SWKS	F	0.06%	0.11%	0.06%
	SYF	B	0.09%	0.22%	0.09%
	T	A	0.65%	1.27%	0.65%
	TAP	C	0.04%	0.03%	0.03%
	TDY	B	0.08%	0.09%	0.08%
	TFC	A	0.23%	0.13%	0.13%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.28%	0.37%	0.28%
	THC	D	0.06%	0.1%	0.06%
	TMO	F	0.84%	0.72%	0.72%
	TMUS	B	0.43%	0.92%	0.43%
	TOL	B	0.06%	0.15%	0.06%
	TPR	B	0.04%	0.0%	0.0%
	TRMB	B	0.06%	0.07%	0.06%
	TROW	B	0.1%	0.21%	0.1%
	TRU	D	0.07%	0.1%	0.07%
	TRV	B	0.22%	0.62%	0.22%
	TSN	B	0.07%	0.43%	0.07%
	TTWO	A	0.11%	0.21%	0.11%
	TWLO	A	0.04%	0.01%	0.01%
	TXT	D	0.06%	0.4%	0.06%
	UAL	A	0.1%	0.37%	0.1%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.0%	0.08%	0.0%
	UHAL	D	0.02%	0.08%	0.02%
	UHS	D	0.05%	0.2%	0.05%
	UNH	B	1.94%	1.04%	1.04%
	UNM	A	0.05%	0.0%	0.0%
	URI	C	0.16%	0.56%	0.16%
	USB	A	0.3%	0.26%	0.26%
	USFD	A	0.06%	0.2%	0.06%
	UTHR	C	0.07%	0.15%	0.07%
	VLO	C	0.17%	0.63%	0.17%
	VMC	B	0.11%	0.5%	0.11%
	VTRS	A	0.06%	0.07%	0.06%
	VZ	C	0.71%	1.37%	0.71%
	WAB	B	0.13%	0.29%	0.13%
	WBA	F	0.03%	0.01%	0.01%
	WBD	B	0.08%	0.05%	0.05%
	WBS	A	0.04%	0.01%	0.01%
	WDC	D	0.09%	0.12%	0.09%
	WFC	A	0.91%	1.49%	0.91%
	WLK	D	0.02%	0.04%	0.02%
	WMB	A	0.25%	0.3%	0.25%
	WRB	A	0.07%	0.11%	0.07%
	WTW	B	0.12%	0.15%	0.12%
	XOM	B	2.1%	4.17%	2.1%
	XYL	D	0.12%	0.14%	0.12%
	Z	A	0.03%	0.02%	0.02%
	ZBH	C	0.09%	0.24%	0.09%
	ZBRA	B	0.06%	0.12%	0.06%
	ZG	A	0.02%	0.0%	0.0%
	ZM	C	0.08%	0.06%	0.06%

VONV Overweight 517 Positions Relative to DFLV

	Symbol	Grade	Weight
	WMT	A	1.42%
	PG	C	1.21%
	ACN	B	0.87%
	PM	B	0.83%
	ABBV	F	0.82%
	MCD	D	0.79%
	IBM	C	0.76%
	TXN	C	0.65%
	NEE	C	0.65%
	CAT	B	0.63%
	LOW	C	0.6%
	SPGI	C	0.6%
	GE	D	0.59%
	HON	C	0.45%
	KO	D	0.43%
	PLD	F	0.42%
	SO	C	0.4%
	UPS	C	0.39%
	AXP	A	0.38%
	MMC	B	0.37%
	MO	A	0.37%
	DUK	C	0.36%
	SYK	B	0.36%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	GEV	B	0.33%
	HD	B	0.32%
	LMT	D	0.32%
	UNP	C	0.3%
	AON	A	0.29%
	CEG	C	0.28%
	KKR	A	0.27%
	VRTX	D	0.25%
	MAR	A	0.24%
	AJG	A	0.23%
	TDG	D	0.23%
	DLR	B	0.23%
	MMM	D	0.23%
	TT	A	0.22%
	O	C	0.21%
	AEP	C	0.21%
	TJX	A	0.21%
	SRE	A	0.21%
	D	C	0.2%
	HCA	F	0.2%
	CCI	C	0.19%
	PEP	F	0.19%
	ITW	B	0.19%
	PSA	C	0.18%
	PEG	A	0.18%
	PCG	A	0.17%
	MSI	B	0.16%
	MCHP	F	0.16%
	EXC	C	0.16%
	SPG	A	0.16%
	MCK	A	0.15%
	XEL	A	0.15%
	HWM	A	0.15%
	AMGN	F	0.15%
	A	D	0.15%
	EXR	C	0.14%
	CL	D	0.14%
	ED	C	0.14%
	ROST	D	0.14%
	NKE	F	0.14%
	MSTR	B	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	RCL	A	0.13%
	ETR	B	0.13%
	APH	A	0.13%
	VICI	C	0.13%
	WEC	A	0.12%
	VTR	B	0.11%
	EQR	C	0.11%
	KMB	C	0.11%
	AWK	C	0.11%
	MTD	F	0.11%
	ROK	C	0.11%
	ANSS	B	0.11%
	HLT	A	0.11%
	DELL	B	0.11%
	PAYX	B	0.11%
	PPL	A	0.1%
	FE	C	0.1%
	SBAC	D	0.1%
	SBUX	A	0.1%
	RMD	C	0.1%
	NVR	D	0.1%
	DTE	C	0.1%
	EFX	F	0.1%
	LNG	A	0.09%
	HSY	F	0.09%
	PGR	A	0.09%
	CBOE	C	0.09%
	WY	F	0.09%
	YUM	D	0.09%
	HUBB	B	0.09%
	ES	C	0.09%
	AEE	A	0.09%
	APO	B	0.08%
	INVH	D	0.08%
	ARE	F	0.08%
	CMS	C	0.08%
	ATO	A	0.08%
	K	A	0.08%
	SUI	C	0.07%
	WSO	A	0.07%
	CVNA	B	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	ESS	B	0.07%
	MSCI	C	0.07%
	CNP	A	0.07%
	UDR	B	0.06%
	VLTO	C	0.06%
	BRO	B	0.06%
	VRSN	C	0.06%
	EXPD	C	0.06%
	SYY	D	0.06%
	ZTS	D	0.06%
	LNT	A	0.06%
	IRM	C	0.06%
	RBA	A	0.06%
	KIM	A	0.06%
	DOC	C	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	IBKR	A	0.06%
	QCOM	F	0.05%
	FTI	A	0.05%
	TECH	F	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	AMH	C	0.05%
	CHRW	B	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	C	0.05%
	CACI	D	0.05%
	ALLE	C	0.05%
	COHR	B	0.05%
	AMAT	F	0.05%
	RPM	A	0.05%
	EME	A	0.05%
	CDW	F	0.05%
	BXP	C	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	NTAP	C	0.05%
	REG	A	0.05%
	JKHY	D	0.05%
	EVRG	A	0.05%
	DTM	A	0.04%
	WST	C	0.04%
	FYBR	C	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	D	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	C	0.04%
	FRT	B	0.04%
	FTNT	C	0.04%
	CIEN	C	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	BKNG	A	0.04%
	DAY	B	0.04%
	PRI	B	0.04%
	RGLD	C	0.04%
	SOFI	B	0.04%
	WTRG	B	0.04%
	EHC	B	0.04%
	WWD	C	0.04%
	AIZ	A	0.04%
	PNW	A	0.04%
	AA	A	0.04%
	EL	F	0.04%
	AFRM	A	0.04%
	TTEK	F	0.04%
	SF	B	0.04%
	AVY	F	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	CTLT	C	0.04%
	MKTX	D	0.04%
	CUBE	C	0.04%
	CAH	B	0.04%
	NTNX	B	0.04%
	RRX	B	0.04%
	ATR	B	0.04%
	ALB	B	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	MTSI	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%
	WMS	F	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%
	STAG	D	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	RHI	C	0.03%
	FCN	F	0.03%
	MAT	D	0.03%
	AGNC	C	0.03%
	ROKU	D	0.03%
	FND	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%
	WSM	C	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	SNV	C	0.03%
	CHE	D	0.03%
	ONTO	F	0.03%
	VFC	C	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%
	WAT	C	0.03%
	CBSH	B	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	SHW	B	0.03%
	WTFC	A	0.03%
	LW	C	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%
	JEF	A	0.03%
	BERY	C	0.03%
	BRX	A	0.03%
	FMC	D	0.03%
	ECL	D	0.03%
	VOYA	B	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%
	ADP	A	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	BRBR	A	0.03%
	LAMR	C	0.03%
	PTC	B	0.03%
	ORI	A	0.03%
	X	B	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%
	TYL	B	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%
	AZO	C	0.02%
	WTM	A	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	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%
	ORLY	B	0.02%
	SON	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	B	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	PVH	C	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	BPOP	C	0.02%
	COIN	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%
	RLI	A	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	F	0.02%
	STWD	C	0.02%
	GWW	B	0.02%
	WH	B	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%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	F	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%
	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	D	0.01%
	AAP	D	0.01%
	AZTA	D	0.01%
	BR	A	0.01%
	BROS	A	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	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%
	ULTA	F	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%
	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%
	CPRT	B	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%
	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%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	CTAS	B	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%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	C	0.0%
	CERT	F	0.0%

VONV Underweight 5 Positions Relative to DFLV

	Symbol	Grade	Weight
	FLEX	B	-0.11%
	ENTG	D	-0.04%
	ICLR	D	-0.03%
	MRK	D	-0.02%
	ALV	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

DFLV: Top Represented Industries & Keywords

Industries: Diversified Industrials Oil & Gas E&P Banks - Regional - US Diagnostics & Research Insurance - Property & Casualty Asset Management Semiconductors Health Care Plans Packaged Foods Auto Parts Biotechnology Drug Manufacturers - Major Insurance - Life Medical Devices Packaging & Containers Scientific & Technical Instruments Specialty Chemicals Aerospace & Defense Banks - Global Building Materials

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Bank Aerospace Insurance Products Banking Electronics Medicine Chemical Computing Petroleum Industry Mining Semiconductor Telecommunications Beverage Dow Jones Component Investment Bank Cash Management