VONV vs. EFIV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR S&P 500 ESG ETF (EFIV)

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

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$55.35

Average Daily Volume

126,970

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	VONV	EFIV
30 Days	3.44%	1.58%
60 Days	5.25%	2.96%
90 Days	8.24%	4.08%
12 Months	23.07%	29.90%

281 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in EFIV	Overlap
	A	C	0.17%	0.12%	0.12%
	AAL	D	0.03%	0.02%	0.02%
	ABBV	C	0.79%	1.01%	0.79%
	ABT	C	0.79%	0.6%	0.6%
	ACGL	C	0.16%	0.12%	0.12%
	ACN	C	0.86%	0.65%	0.65%
	ADM	D	0.12%	0.09%	0.09%
	ADP	B	0.03%	0.34%	0.03%
	AFL	C	0.25%	0.17%	0.17%
	AIG	D	0.21%	0.14%	0.14%
	AIZ	B	0.04%	0.03%	0.03%
	AJG	D	0.24%	0.19%	0.19%
	AKAM	D	0.06%	0.04%	0.04%
	ALB	D	0.04%	0.03%	0.03%
	ALL	B	0.17%	0.14%	0.14%
	ALLE	B	0.05%	0.04%	0.04%
	AMAT	D	0.05%	0.45%	0.05%
	AMCR	B	0.07%	0.05%	0.05%
	AMD	D	0.33%	0.72%	0.33%
	AME	C	0.16%	0.11%	0.11%
	AMGN	B	0.16%	0.52%	0.16%
	AMP	A	0.02%	0.13%	0.02%
	AON	B	0.27%	0.22%	0.22%
	APD	B	0.25%	0.18%	0.18%
	APTV	D	0.08%	0.05%	0.05%
	ARE	C	0.08%	0.06%	0.06%
	AVB	B	0.13%	0.1%	0.1%
	AVY	C	0.04%	0.05%	0.04%
	AWK	B	0.11%	0.08%	0.08%
	AXP	B	0.37%	0.43%	0.37%
	BAC	D	1.11%	0.78%	0.78%
	BALL	C	0.08%	0.06%	0.06%
	BAX	C	0.08%	0.06%	0.06%
	BBWI	F	0.03%	0.02%	0.02%
	BBY	C	0.09%	0.06%	0.06%
	BDX	D	0.28%	0.2%	0.2%
	BEN	F	0.02%	0.02%	0.02%
	BIIB	F	0.12%	0.09%	0.09%
	BIO	C	0.03%	0.02%	0.02%
	BK	B	0.2%	0.15%	0.15%
	BKR	C	0.14%	0.1%	0.1%
	BLK	B	0.53%	0.37%	0.37%
	BMY	C	0.41%	0.29%	0.29%
	BR	D	0.01%	0.07%	0.01%
	BSX	B	0.48%	0.36%	0.36%
	BWA	D	0.03%	0.02%	0.02%
	BXP	B	0.05%	0.03%	0.03%
	C	C	0.48%	0.32%	0.32%
	CAG	C	0.06%	0.04%	0.04%
	CAH	C	0.04%	0.08%	0.04%
	CARR	B	0.2%	0.19%	0.19%
	CAT	B	0.6%	0.49%	0.49%
	CB	B	0.46%	0.35%	0.35%
	CBOE	C	0.09%	0.06%	0.06%
	CBRE	A	0.14%	0.11%	0.11%
	CCL	C	0.07%	0.05%	0.05%
	CF	C	0.06%	0.04%	0.04%
	CFG	C	0.08%	0.05%	0.05%
	CHRW	B	0.05%	0.03%	0.03%
	CI	C	0.37%	0.3%	0.3%
	CL	D	0.16%	0.26%	0.16%
	CMCSA	D	0.62%	0.46%	0.46%
	CMI	C	0.17%	0.12%	0.12%
	CNC	D	0.17%	0.12%	0.12%
	COF	B	0.22%	0.16%	0.16%
	CPB	C	0.04%	0.03%	0.03%
	CRL	F	0.04%	0.03%	0.03%
	CRM	D	0.14%	0.73%	0.14%
	CSCO	C	0.82%	0.59%	0.59%
	CSGP	D	0.13%	0.09%	0.09%
	CSX	D	0.27%	0.19%	0.19%
	CTAS	B	0.01%	0.21%	0.01%
	CTVA	B	0.16%	0.11%	0.11%
	CVS	D	0.29%	0.21%	0.21%
	CVX	D	1.02%	0.71%	0.71%
	CZR	C	0.03%	0.02%	0.02%
	DAL	C	0.11%	0.08%	0.08%
	DAY	D	0.03%	0.03%	0.03%
	DE	B	0.39%	0.3%	0.3%
	DFS	B	0.14%	0.09%	0.09%
	DGX	B	0.07%	0.05%	0.05%
	DHI	B	0.22%	0.17%	0.17%
	DHR	B	0.72%	0.53%	0.53%
	DIS	D	0.67%	0.48%	0.48%
	DLR	B	0.2%	0.15%	0.15%
	DOC	C	0.06%	0.05%	0.05%
	DOV	B	0.1%	0.08%	0.08%
	DOW	D	0.15%	0.1%	0.1%
	DVN	F	0.11%	0.07%	0.07%
	EA	D	0.16%	0.1%	0.1%
	EBAY	B	0.12%	0.1%	0.1%
	ECL	B	0.03%	0.19%	0.03%
	ED	C	0.14%	0.11%	0.11%
	EG	C	0.06%	0.05%	0.05%
	EIX	C	0.13%	0.1%	0.1%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.44%	0.38%	0.38%
	EMR	D	0.24%	0.17%	0.17%
	EQIX	C	0.3%	0.25%	0.25%
	EQR	B	0.11%	0.08%	0.08%
	EQT	D	0.07%	0.06%	0.06%
	ES	C	0.1%	0.07%	0.07%
	ETN	C	0.49%	0.36%	0.36%
	ETR	B	0.1%	0.08%	0.08%
	ETSY	F	0.01%	0.02%	0.01%
	EW	F	0.14%	0.12%	0.12%
	EXC	C	0.15%	0.12%	0.12%
	EXR	B	0.15%	0.11%	0.11%
	FANG	D	0.14%	0.09%	0.09%
	FCX	D	0.25%	0.18%	0.18%
	FDS	C	0.04%	0.05%	0.04%
	FIS	B	0.19%	0.14%	0.14%
	FITB	B	0.12%	0.08%	0.08%
	FMC	C	0.03%	0.02%	0.02%
	FRT	C	0.04%	0.03%	0.03%
	FTV	C	0.1%	0.08%	0.08%
	GE	B	0.6%	0.55%	0.55%
	GILD	B	0.4%	0.31%	0.31%
	GIS	B	0.16%	0.12%	0.12%
	GL	C	0.04%	0.03%	0.03%
	GM	C	0.23%	0.16%	0.16%
	GPC	D	0.08%	0.06%	0.06%
	GPN	D	0.11%	0.08%	0.08%
	GS	C	0.47%	0.45%	0.45%
	GWW	B	0.02%	0.13%	0.02%
	HAL	F	0.11%	0.07%	0.07%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.09%	0.06%	0.06%
	HD	B	0.3%	1.1%	0.3%
	HES	F	0.05%	0.1%	0.05%
	HIG	B	0.14%	0.1%	0.1%
	HLT	B	0.11%	0.16%	0.11%
	HOLX	B	0.08%	0.06%	0.06%
	HPE	D	0.1%	0.06%	0.06%
	HPQ	D	0.11%	0.08%	0.08%
	HRL	C	0.04%	0.03%	0.03%
	HST	C	0.05%	0.04%	0.04%
	HSY	C	0.1%	0.09%	0.09%
	HUBB	B	0.09%	0.06%	0.06%
	HUM	F	0.17%	0.12%	0.12%
	ICE	C	0.37%	0.27%	0.27%
	IEX	D	0.06%	0.04%	0.04%
	IFF	B	0.11%	0.08%	0.08%
	INCY	C	0.05%	0.03%	0.03%
	INTC	F	0.38%	0.24%	0.24%
	IPG	C	0.05%	0.03%	0.03%
	IR	C	0.15%	0.11%	0.11%
	IRM	C	0.06%	0.1%	0.06%
	ITW	C	0.19%	0.2%	0.19%
	IVZ	B	0.03%	0.02%	0.02%
	JBHT	D	0.06%	0.04%	0.04%
	JCI	B	0.17%	0.14%	0.14%
	JKHY	B	0.05%	0.04%	0.04%
	JPM	D	2.59%	1.75%	1.75%
	K	B	0.08%	0.06%	0.06%
	KDP	B	0.16%	0.11%	0.11%
	KEY	B	0.06%	0.04%	0.04%
	KHC	C	0.13%	0.08%	0.08%
	KIM	C	0.06%	0.05%	0.05%
	KMI	B	0.17%	0.12%	0.12%
	KMX	D	0.05%	0.04%	0.04%
	KO	C	0.48%	0.82%	0.48%
	KR	C	0.14%	0.11%	0.11%
	LIN	B	0.92%	0.66%	0.66%
	LKQ	F	0.04%	0.03%	0.03%
	LOW	B	0.57%	0.43%	0.43%
	LW	D	0.02%	0.03%	0.02%
	LYB	D	0.1%	0.07%	0.07%
	MAR	C	0.22%	0.17%	0.17%
	MAS	B	0.07%	0.05%	0.05%
	MCD	B	0.78%	0.62%	0.62%
	MDLZ	B	0.39%	0.29%	0.29%
	MDT	C	0.47%	0.35%	0.35%
	MET	B	0.19%	0.14%	0.14%
	MGM	F	0.04%	0.03%	0.03%
	MHK	C	0.03%	0.02%	0.02%
	MKC	C	0.08%	0.06%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MMC	C	0.39%	0.34%	0.34%
	MOS	F	0.04%	0.02%	0.02%
	MPC	F	0.25%	0.17%	0.17%
	MRNA	F	0.1%	0.07%	0.07%
	MS	D	0.45%	0.36%	0.36%
	MSCI	C	0.08%	0.13%	0.08%
	MTB	B	0.11%	0.08%	0.08%
	MTD	D	0.12%	0.09%	0.09%
	MU	F	0.43%	0.29%	0.29%
	NDAQ	A	0.12%	0.09%	0.09%
	NEE	C	0.66%	0.51%	0.51%
	NEM	B	0.25%	0.18%	0.18%
	NKE	D	0.15%	0.28%	0.15%
	NSC	C	0.23%	0.17%	0.17%
	NTRS	A	0.07%	0.05%	0.05%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	OKE	B	0.22%	0.16%	0.16%
	OMC	B	0.08%	0.06%	0.06%
	ON	D	0.13%	0.09%	0.09%
	OTIS	C	0.15%	0.11%	0.11%
	OXY	F	0.15%	0.1%	0.1%
	PARA	F	0.03%	0.01%	0.01%
	PAYX	C	0.11%	0.13%	0.11%
	PCAR	D	0.2%	0.15%	0.15%
	PEG	B	0.16%	0.12%	0.12%
	PEP	C	0.2%	0.72%	0.2%
	PFE	C	0.66%	0.49%	0.49%
	PFG	B	0.08%	0.05%	0.05%
	PG	C	1.26%	1.21%	1.21%
	PH	B	0.31%	0.22%	0.22%
	PHM	B	0.11%	0.08%	0.08%
	PLD	C	0.47%	0.36%	0.36%
	PNC	B	0.29%	0.21%	0.21%
	PNR	B	0.06%	0.04%	0.04%
	PPG	D	0.12%	0.09%	0.09%
	PRU	C	0.17%	0.12%	0.12%
	PSA	B	0.18%	0.17%	0.17%
	PSX	F	0.24%	0.16%	0.16%
	PWR	B	0.11%	0.12%	0.11%
	PYPL	B	0.3%	0.22%	0.22%
	QCOM	D	0.05%	0.55%	0.05%
	RCL	B	0.1%	0.12%	0.1%
	REG	C	0.05%	0.04%	0.04%
	REGN	C	0.46%	0.37%	0.37%
	RF	B	0.09%	0.06%	0.06%
	RJF	C	0.09%	0.06%	0.06%
	RL	C	0.03%	0.02%	0.02%
	RMD	C	0.1%	0.11%	0.1%
	ROK	D	0.11%	0.09%	0.09%
	ROST	C	0.15%	0.15%	0.15%
	RSG	D	0.17%	0.12%	0.12%
	SBAC	C	0.1%	0.08%	0.08%
	SBUX	C	0.1%	0.33%	0.1%
	SCHW	D	0.35%	0.27%	0.27%
	SHW	B	0.03%	0.26%	0.03%
	SJM	C	0.05%	0.04%	0.04%
	SLB	F	0.25%	0.17%	0.17%
	SPGI	B	0.64%	0.49%	0.49%
	SRE	C	0.21%	0.15%	0.15%
	STT	A	0.11%	0.07%	0.07%
	SW	B	0.05%	0.07%	0.05%
	SWK	B	0.06%	0.04%	0.04%
	SYF	C	0.08%	0.06%	0.06%
	SYK	C	0.37%	0.37%	0.37%
	SYY	D	0.06%	0.11%	0.06%
	T	C	0.57%	0.46%	0.46%
	TAP	D	0.04%	0.03%	0.03%
	TFC	C	0.24%	0.16%	0.16%
	TFX	C	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.2%	0.2%
	TJX	B	0.22%	0.39%	0.22%
	TMUS	C	0.39%	0.31%	0.31%
	TPR	C	0.04%	0.03%	0.03%
	TROW	D	0.09%	0.07%	0.07%
	TRV	C	0.21%	0.16%	0.16%
	TSN	C	0.07%	0.05%	0.05%
	TT	B	0.22%	0.24%	0.22%
	TTWO	C	0.11%	0.07%	0.07%
	UDR	C	0.06%	0.04%	0.04%
	ULTA	D	0.01%	0.05%	0.01%
	UNH	C	2.03%	1.6%	1.6%
	UNP	C	0.33%	0.45%	0.33%
	UPS	D	0.38%	0.28%	0.28%
	URI	B	0.15%	0.14%	0.14%
	USB	B	0.3%	0.2%	0.2%
	VLO	F	0.19%	0.13%	0.13%
	VTR	C	0.1%	0.08%	0.08%
	WAB	B	0.12%	0.09%	0.09%
	WAT	C	0.03%	0.06%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WDC	D	0.09%	0.06%	0.06%
	WELL	C	0.29%	0.23%	0.23%
	WMB	B	0.22%	0.16%	0.16%
	WMT	C	1.35%	1.01%	1.01%
	WTW	C	0.12%	0.09%	0.09%
	WY	C	0.09%	0.07%	0.07%
	WYNN	D	0.03%	0.02%	0.02%
	XOM	C	2.12%	1.48%	1.48%
	XYL	C	0.13%	0.09%	0.09%
	YUM	D	0.09%	0.11%	0.09%
	ZBH	F	0.09%	0.06%	0.06%
	ZTS	C	0.06%	0.26%	0.06%

VONV Overweight 558 Positions Relative to EFIV

	Symbol	Grade	Weight
	BRK.A	C	3.5%
	JNJ	C	1.61%
	TMO	B	0.94%
	WFC	D	0.82%
	PM	C	0.77%
	IBM	B	0.74%
	VZ	B	0.71%
	TXN	C	0.69%
	RTX	C	0.66%
	COP	D	0.54%
	ADI	C	0.47%
	HON	D	0.46%
	SO	B	0.38%
	MO	C	0.37%
	DUK	C	0.35%
	BA	F	0.34%
	GD	B	0.33%
	LMT	C	0.33%
	EOG	D	0.3%
	NOC	B	0.29%
	FDX	C	0.27%
	VRTX	D	0.26%
	ROP	C	0.24%
	KKR	B	0.24%
	TDG	B	0.24%
	MRVL	C	0.24%
	MMM	B	0.24%
	HCA	B	0.23%
	GEV	B	0.22%
	CEG	C	0.21%
	AEP	C	0.21%
	O	C	0.21%
	CCI	C	0.2%
	D	C	0.19%
	F	F	0.18%
	LEN	B	0.18%
	LHX	C	0.18%
	MCK	F	0.17%
	KVUE	C	0.17%
	PCG	C	0.17%
	MCHP	F	0.17%
	CTSH	C	0.16%
	IQV	C	0.16%
	SPG	B	0.16%
	NUE	F	0.15%
	HWM	B	0.15%
	MSI	B	0.15%
	STZ	D	0.15%
	XEL	B	0.14%
	VICI	C	0.14%
	DD	B	0.14%
	GLW	C	0.13%
	CHTR	D	0.13%
	GEHC	C	0.13%
	APH	D	0.13%
	WEC	C	0.12%
	EFX	B	0.12%
	MLM	D	0.12%
	KEYS	C	0.11%
	NVR	B	0.11%
	ANSS	D	0.11%
	GRMN	D	0.11%
	KMB	D	0.11%
	STE	C	0.1%
	VMC	D	0.1%
	DELL	D	0.1%
	FSLR	C	0.1%
	FCNCA	D	0.1%
	CHD	D	0.1%
	FE	C	0.1%
	DTE	C	0.1%
	SQ	D	0.09%
	LDOS	B	0.09%
	AEE	C	0.09%
	INVH	C	0.09%
	PGR	B	0.09%
	PPL	C	0.09%
	J	C	0.08%
	MAA	B	0.08%
	BLDR	C	0.08%
	WBD	D	0.08%
	ESS	B	0.08%
	MSTR	D	0.08%
	ATO	B	0.08%
	CMS	C	0.08%
	TDY	B	0.08%
	LNG	C	0.08%
	ILMN	C	0.08%
	CINF	B	0.08%
	RS	D	0.07%
	MRO	C	0.07%
	WSO	C	0.07%
	SUI	B	0.07%
	IP	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%
	AVTR	B	0.07%
	SWKS	D	0.07%
	TRU	B	0.07%
	STLD	F	0.07%
	CTRA	D	0.07%
	DG	F	0.07%
	WRB	C	0.07%
	PKG	B	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%
	BG	D	0.06%
	VTRS	D	0.06%
	UAL	C	0.06%
	RGA	C	0.06%
	NDSN	C	0.06%
	OC	D	0.06%
	EXPD	C	0.06%
	SNA	C	0.06%
	NI	B	0.06%
	L	C	0.06%
	VRSN	D	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%
	MKL	C	0.06%
	RBA	B	0.06%
	UTHR	C	0.06%
	THC	A	0.06%
	SSNC	B	0.06%
	NVT	D	0.05%
	RPRX	C	0.05%
	RPM	B	0.05%
	ITT	B	0.05%
	BLD	D	0.05%
	OVV	F	0.05%
	TECH	C	0.05%
	FTI	D	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	JBL	D	0.05%
	FFIV	B	0.05%
	EMN	B	0.05%
	CW	B	0.05%
	AES	C	0.05%
	DKS	D	0.05%
	JNPR	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	WPC	C	0.05%
	EVRG	B	0.05%
	RNR	C	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	GLPI	C	0.05%
	USFD	B	0.05%
	ACM	B	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%
	DRI	B	0.04%
	SOLV	C	0.04%
	EGP	B	0.04%
	FTNT	C	0.04%
	WST	D	0.04%
	HSIC	C	0.04%
	CNH	D	0.04%
	ORI	B	0.04%
	FHN	D	0.04%
	GPK	B	0.04%
	PRI	B	0.04%
	SNX	D	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	DPZ	F	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	OHI	B	0.04%
	PFGC	B	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	MTCH	C	0.04%
	FOXA	B	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	PNW	C	0.04%
	DOX	C	0.04%
	AFRM	C	0.04%
	AOS	D	0.04%
	QGEN	C	0.04%
	ATR	B	0.04%
	ALLY	F	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%
	UNM	B	0.04%
	NRG	C	0.04%
	CACI	B	0.04%
	CE	F	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	CTLT	B	0.04%
	EME	B	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	B	0.04%
	HII	D	0.04%
	R	A	0.03%
	GME	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	FICO	B	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	FLS	D	0.03%
	CGNX	F	0.03%
	BPOP	C	0.03%
	Z	B	0.03%
	LEA	F	0.03%
	PB	B	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%
	SOFI	C	0.03%
	KEX	C	0.03%
	WSM	D	0.03%
	SWN	D	0.03%
	NOV	F	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%
	AGNC	B	0.03%
	CROX	D	0.03%
	MNST	D	0.03%
	ZION	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%
	ROKU	C	0.03%
	ARW	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%
	CRBG	D	0.03%
	CMA	B	0.03%
	ELAN	D	0.03%
	CBSH	C	0.03%
	DTM	B	0.03%
	LECO	F	0.03%
	CR	C	0.03%
	JEF	B	0.03%
	ONTO	D	0.03%
	CHE	C	0.03%
	AR	F	0.03%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	C	0.03%
	OGE	C	0.03%
	COKE	C	0.03%
	DINO	F	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%
	WBS	D	0.03%
	ALSN	B	0.03%
	BKNG	C	0.03%
	GMED	D	0.03%
	LAD	D	0.03%
	LAMR	B	0.03%
	KNX	C	0.03%
	ACI	F	0.03%
	BRX	B	0.03%
	COLD	D	0.03%
	CIEN	C	0.03%
	TW	B	0.03%
	JLL	B	0.03%
	PTC	D	0.03%
	KBR	D	0.03%
	SKX	D	0.03%
	X	F	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%
	NEU	D	0.02%
	LSXMK	D	0.02%
	W	D	0.02%
	IAC	C	0.02%
	PRGO	D	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%
	DLB	D	0.02%
	BILL	D	0.02%
	KRC	B	0.02%
	AGO	C	0.02%
	M	F	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%
	CIVI	F	0.02%
	OLED	C	0.02%
	ASH	D	0.02%
	GAP	F	0.02%
	HOG	C	0.02%
	ALK	C	0.02%
	S	C	0.02%
	RYN	C	0.02%
	GFS	F	0.02%
	AN	D	0.02%
	OZK	D	0.02%
	WTM	D	0.02%
	EEFT	D	0.02%
	GNRC	D	0.02%
	ZG	B	0.02%
	AZO	D	0.02%
	AL	D	0.02%
	SEE	D	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	JHG	B	0.02%
	AVT	C	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%
	COLB	B	0.02%
	UGI	C	0.02%
	WHR	D	0.02%
	FNB	C	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%
	LBRDK	F	0.02%
	LNC	D	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	OMF	D	0.02%
	WH	B	0.02%
	PVH	F	0.02%
	AGCO	D	0.02%
	DASH	C	0.02%
	H	C	0.02%
	VMI	D	0.02%
	POST	C	0.02%
	OGN	D	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%
	MTSI	D	0.02%
	FAST	C	0.02%
	MTDR	F	0.02%
	STWD	B	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%
	JWN	C	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%
	AM	C	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%
	NSA	B	0.01%
	HIW	B	0.01%
	WU	F	0.01%
	MAN	C	0.01%
	EPR	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%
	UA	D	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 35 Positions Relative to EFIV

	Symbol	Grade	Weight
	AAPL	C	-9.5%
	MSFT	C	-9.39%
	NVDA	D	-8.67%
	GOOGL	D	-2.69%
	GOOG	D	-2.25%
	LLY	C	-2.21%
	TSLA	C	-1.89%
	V	C	-1.33%
	MA	B	-1.2%
	COST	B	-1.2%
	MRK	D	-0.86%
	ADBE	F	-0.78%
	UBER	C	-0.42%
	AMT	C	-0.33%
	LRCX	F	-0.29%
	KLAC	D	-0.29%
	WM	D	-0.23%
	CMG	C	-0.23%
	CME	C	-0.23%
	MCO	B	-0.22%
	ADSK	C	-0.16%
	TEL	D	-0.13%
	IDXX	C	-0.12%
	VRSK	D	-0.11%
	TRGP	B	-0.1%
	TSCO	C	-0.09%
	LULU	D	-0.09%
	AXON	B	-0.08%
	CPAY	B	-0.07%
	DECK	C	-0.07%
	EXPE	C	-0.05%
	POOL	C	-0.04%
	LVS	D	-0.04%
	NCLH	C	-0.02%
	DVA	B	-0.02%

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

EFIV: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Banks - Regional - US Capital Markets Packaged Foods Asset Management Diagnostics & Research Drug Manufacturers - Major Credit Services Specialty Chemicals Health Care Plans Leisure Medical Devices Software - Application Specialty Retail Insurance - Life Medical Instruments & Supplies Oil & Gas E&P Semiconductors Agricultural Inputs

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Dow Jones Component Bank Banking Chemical Medicine Real Estate Investment Trust Investment Bank Computing Insurance Products Mining Petroleum Industry Disability Electronics Beverage Cash Management Financial Products