VONV vs. FAD ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)

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

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$148.28

Average Daily Volume

4,276

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

Performance

Period	VONV	FAD
30 Days	2.60%	7.67%
60 Days	4.54%	10.52%
90 Days	6.20%	13.20%
12 Months	28.76%	42.08%

245 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in FAD	Overlap
	A	D	0.15%	0.07%	0.07%
	ACGL	C	0.14%	0.37%	0.14%
	ADC	A	0.03%	0.17%	0.03%
	ADP	A	0.03%	0.09%	0.03%
	AES	F	0.05%	0.09%	0.05%
	AFRM	A	0.04%	0.32%	0.04%
	AGNC	C	0.03%	0.08%	0.03%
	AJG	A	0.23%	0.26%	0.23%
	ALL	A	0.17%	0.44%	0.17%
	ALLE	C	0.05%	0.12%	0.05%
	ALNY	D	0.02%	0.29%	0.02%
	ALSN	B	0.04%	0.25%	0.04%
	AM	A	0.01%	0.04%	0.01%
	AMGN	F	0.15%	0.15%	0.15%
	AMP	A	0.02%	0.41%	0.02%
	AON	A	0.29%	0.09%	0.09%
	AOS	F	0.04%	0.07%	0.04%
	APH	A	0.13%	0.18%	0.13%
	APO	B	0.08%	0.32%	0.08%
	ATI	C	0.03%	0.18%	0.03%
	ATR	B	0.04%	0.09%	0.04%
	AVB	B	0.13%	0.08%	0.08%
	AWI	A	0.02%	0.15%	0.02%
	AXP	A	0.38%	0.44%	0.38%
	AXTA	B	0.03%	0.09%	0.03%
	AYI	B	0.04%	0.15%	0.04%
	AZEK	A	0.01%	0.12%	0.01%
	AZO	C	0.02%	0.17%	0.02%
	AZTA	D	0.01%	0.02%	0.01%
	BFAM	D	0.03%	0.16%	0.03%
	BK	A	0.22%	0.46%	0.22%
	BKNG	A	0.04%	0.29%	0.04%
	BLD	D	0.04%	0.15%	0.04%
	BR	A	0.01%	0.26%	0.01%
	BRBR	A	0.03%	0.15%	0.03%
	BRK.A	B	3.3%	0.25%	0.25%
	BRKR	D	0.01%	0.03%	0.01%
	BRO	B	0.06%	0.36%	0.06%
	BRX	A	0.03%	0.09%	0.03%
	BSX	A	0.49%	0.36%	0.36%
	BWXT	B	0.04%	0.15%	0.04%
	CACI	D	0.05%	0.18%	0.05%
	CASY	A	0.05%	0.27%	0.05%
	CAT	B	0.63%	0.33%	0.33%
	CBOE	C	0.09%	0.17%	0.09%
	CBSH	B	0.03%	0.1%	0.03%
	CCI	C	0.19%	0.07%	0.07%
	CCL	A	0.09%	0.45%	0.09%
	CEG	C	0.28%	0.37%	0.28%
	CFR	B	0.03%	0.1%	0.03%
	CHD	A	0.1%	0.09%	0.09%
	CHE	D	0.03%	0.04%	0.03%
	CHH	A	0.0%	0.05%	0.0%
	CL	D	0.14%	0.22%	0.14%
	CLH	C	0.05%	0.13%	0.05%
	CNM	D	0.01%	0.04%	0.01%
	COHR	B	0.05%	0.22%	0.05%
	COIN	C	0.02%	0.31%	0.02%
	COKE	C	0.03%	0.19%	0.03%
	CPT	B	0.05%	0.08%	0.05%
	CRM	B	0.17%	0.1%	0.1%
	CROX	D	0.02%	0.08%	0.02%
	CRUS	D	0.02%	0.1%	0.02%
	CSL	C	0.07%	0.24%	0.07%
	CTAS	B	0.01%	0.35%	0.01%
	CUBE	C	0.04%	0.08%	0.04%
	CVNA	B	0.07%	0.59%	0.07%
	CW	C	0.05%	0.22%	0.05%
	DASH	B	0.03%	0.51%	0.03%
	DAY	B	0.04%	0.05%	0.04%
	DBX	B	0.02%	0.09%	0.02%
	DCI	B	0.04%	0.04%	0.04%
	DELL	B	0.11%	0.19%	0.11%
	DKS	D	0.04%	0.12%	0.04%
	DLR	B	0.23%	0.09%	0.09%
	DOCS	C	0.02%	0.14%	0.02%
	DOV	A	0.1%	0.18%	0.1%
	DTM	A	0.04%	0.11%	0.04%
	ECL	D	0.03%	0.24%	0.03%
	EEFT	B	0.02%	0.09%	0.02%
	EFX	F	0.1%	0.21%	0.1%
	EGP	D	0.03%	0.04%	0.03%
	EHC	B	0.04%	0.17%	0.04%
	ELAN	D	0.02%	0.04%	0.02%
	EME	A	0.05%	0.49%	0.05%
	EPR	C	0.01%	0.04%	0.01%
	EQIX	A	0.33%	0.08%	0.08%
	ESAB	C	0.03%	0.1%	0.03%
	ESI	B	0.02%	0.04%	0.02%
	ESS	B	0.07%	0.08%	0.07%
	ETN	A	0.53%	0.18%	0.18%
	EWBC	A	0.05%	0.21%	0.05%
	EXEL	B	0.01%	0.22%	0.01%
	EXP	B	0.01%	0.17%	0.01%
	EXR	C	0.14%	0.15%	0.14%
	FAST	B	0.03%	0.09%	0.03%
	FCN	F	0.03%	0.07%	0.03%
	FCNCA	A	0.09%	0.4%	0.09%
	FFIV	B	0.05%	0.14%	0.05%
	FI	A	0.31%	0.4%	0.31%
	FICO	B	0.03%	0.49%	0.03%
	FLS	B	0.03%	0.14%	0.03%
	FND	D	0.03%	0.07%	0.03%
	FR	D	0.03%	0.04%	0.03%
	FRPT	A	0.02%	0.18%	0.02%
	FSLR	F	0.08%	0.33%	0.08%
	FTNT	C	0.04%	0.29%	0.04%
	GAP	C	0.02%	0.08%	0.02%
	GE	D	0.59%	0.32%	0.32%
	GEN	B	0.06%	0.36%	0.06%
	GLPI	C	0.05%	0.08%	0.05%
	GME	C	0.03%	0.1%	0.03%
	GMED	A	0.03%	0.19%	0.03%
	GPK	C	0.03%	0.08%	0.03%
	GPN	B	0.11%	0.09%	0.09%
	GRMN	B	0.12%	0.4%	0.12%
	GS	A	0.48%	0.5%	0.48%
	GWRE	A	0.03%	0.18%	0.03%
	GWW	B	0.02%	0.28%	0.02%
	H	B	0.02%	0.04%	0.02%
	HCA	F	0.2%	0.35%	0.2%
	HLI	A	0.03%	0.19%	0.03%
	HLT	A	0.11%	0.27%	0.11%
	HOOD	B	0.06%	0.5%	0.06%
	HRB	D	0.03%	0.16%	0.03%
	HUBB	B	0.09%	0.26%	0.09%
	HWM	A	0.15%	0.48%	0.15%
	IBKR	A	0.06%	0.22%	0.06%
	IBM	C	0.76%	0.32%	0.32%
	ICE	C	0.35%	0.24%	0.24%
	IR	B	0.15%	0.17%	0.15%
	IRDM	D	0.01%	0.02%	0.01%
	IRM	C	0.06%	0.41%	0.06%
	ITT	A	0.05%	0.17%	0.05%
	ITW	B	0.19%	0.08%	0.08%
	JPM	A	2.55%	0.39%	0.39%
	KD	B	0.02%	0.05%	0.02%
	KEX	B	0.03%	0.17%	0.03%
	KKR	A	0.27%	0.49%	0.27%
	KMB	C	0.11%	0.08%	0.08%
	KO	D	0.43%	0.15%	0.15%
	LAMR	C	0.03%	0.08%	0.03%
	LCID	F	0.01%	0.03%	0.01%
	LIN	C	0.88%	0.08%	0.08%
	LITE	B	0.02%	0.09%	0.02%
	LOPE	C	0.01%	0.05%	0.01%
	LYFT	C	0.01%	0.06%	0.01%
	MAR	A	0.24%	0.19%	0.19%
	MASI	B	0.01%	0.05%	0.01%
	MCD	D	0.79%	0.16%	0.16%
	MKL	A	0.06%	0.09%	0.06%
	MKTX	D	0.04%	0.09%	0.04%
	MMC	B	0.37%	0.17%	0.17%
	MO	A	0.37%	0.19%	0.19%
	MSCI	C	0.07%	0.08%	0.07%
	MSGS	A	0.02%	0.09%	0.02%
	MSI	B	0.16%	0.37%	0.16%
	MSTR	B	0.14%	0.19%	0.14%
	MTCH	D	0.04%	0.1%	0.04%
	MTD	F	0.11%	0.06%	0.06%
	MU	D	0.44%	0.08%	0.08%
	NDAQ	A	0.12%	0.27%	0.12%
	NEE	C	0.65%	0.31%	0.31%
	NEU	D	0.01%	0.04%	0.01%
	NNN	C	0.03%	0.04%	0.03%
	NRG	B	0.04%	0.43%	0.04%
	NSA	C	0.01%	0.06%	0.01%
	NTAP	C	0.05%	0.24%	0.05%
	NTNX	B	0.04%	0.05%	0.04%
	NTRS	A	0.08%	0.41%	0.08%
	NYT	D	0.04%	0.12%	0.04%
	O	C	0.21%	0.15%	0.15%
	OHI	C	0.04%	0.12%	0.04%
	OLLI	D	0.02%	0.12%	0.02%
	ORLY	B	0.02%	0.18%	0.02%
	OTIS	C	0.16%	0.16%	0.16%
	PAYC	B	0.02%	0.05%	0.02%
	PAYX	B	0.11%	0.09%	0.09%
	PCG	A	0.17%	0.36%	0.17%
	PEG	A	0.18%	0.34%	0.18%
	PG	C	1.21%	0.08%	0.08%
	PGR	A	0.09%	0.43%	0.09%
	PH	A	0.32%	0.37%	0.32%
	PLNT	A	0.01%	0.15%	0.01%
	PM	B	0.83%	0.37%	0.37%
	PRI	B	0.04%	0.14%	0.04%
	PSA	C	0.18%	0.23%	0.18%
	PSN	D	0.02%	0.19%	0.02%
	PWR	A	0.12%	0.46%	0.12%
	QCOM	F	0.05%	0.08%	0.05%
	RBC	A	0.03%	0.04%	0.03%
	RCL	A	0.13%	0.55%	0.13%
	REG	A	0.05%	0.09%	0.05%
	RGLD	C	0.04%	0.04%	0.04%
	RIVN	F	0.03%	0.15%	0.03%
	RL	C	0.03%	0.18%	0.03%
	RLI	A	0.02%	0.09%	0.02%
	RMD	C	0.1%	0.33%	0.1%
	ROIV	C	0.02%	0.04%	0.02%
	ROST	D	0.14%	0.16%	0.14%
	RSG	A	0.16%	0.18%	0.16%
	S	B	0.02%	0.14%	0.02%
	SBAC	D	0.1%	0.08%	0.08%
	SCI	B	0.05%	0.14%	0.05%
	SHW	B	0.03%	0.33%	0.03%
	SMG	C	0.01%	0.14%	0.01%
	SO	C	0.4%	0.24%	0.24%
	SOFI	B	0.04%	0.3%	0.04%
	SPG	A	0.16%	0.18%	0.16%
	SPGI	C	0.6%	0.24%	0.24%
	SSD	F	0.03%	0.04%	0.03%
	SYK	B	0.36%	0.09%	0.09%
	TDG	D	0.23%	0.3%	0.23%
	TECH	F	0.05%	0.03%	0.03%
	THC	D	0.06%	0.39%	0.06%
	TJX	A	0.21%	0.25%	0.21%
	TKO	A	0.03%	0.17%	0.03%
	TMUS	B	0.43%	0.39%	0.39%
	TNL	A	0.01%	0.06%	0.01%
	TPG	A	0.02%	0.19%	0.02%
	TRMB	B	0.06%	0.05%	0.05%
	TT	A	0.22%	0.44%	0.22%
	TTEK	F	0.04%	0.18%	0.04%
	TW	A	0.04%	0.13%	0.04%
	TYL	B	0.02%	0.25%	0.02%
	U	C	0.01%	0.03%	0.01%
	UDR	B	0.06%	0.04%	0.04%
	URI	C	0.16%	0.43%	0.16%
	UTHR	C	0.07%	0.42%	0.07%
	VICI	C	0.13%	0.16%	0.13%
	VLTO	C	0.06%	0.23%	0.06%
	VRTX	D	0.25%	0.08%	0.08%
	VTR	B	0.11%	0.42%	0.11%
	WAB	B	0.13%	0.45%	0.13%
	WAT	C	0.03%	0.08%	0.03%
	WELL	A	0.33%	0.26%	0.26%
	WEN	D	0.01%	0.02%	0.01%
	WMB	A	0.25%	0.21%	0.21%
	WSM	C	0.03%	0.15%	0.03%
	WSO	A	0.07%	0.26%	0.07%
	WTM	A	0.02%	0.09%	0.02%
	WWD	C	0.04%	0.12%	0.04%
	WYNN	C	0.04%	0.12%	0.04%
	XYL	D	0.12%	0.22%	0.12%
	ZTS	D	0.06%	0.07%	0.06%

VONV Overweight 597 Positions Relative to FAD

	Symbol	Grade	Weight
	XOM	B	2.1%
	UNH	B	1.94%
	JNJ	C	1.54%
	WMT	A	1.42%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	ACN	B	0.87%
	TMO	F	0.84%
	ABBV	F	0.82%
	ABT	B	0.78%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	TXN	C	0.65%
	PFE	F	0.64%
	RTX	D	0.64%
	DHR	F	0.63%
	LOW	C	0.6%
	BLK	B	0.58%
	MS	A	0.51%
	COP	C	0.51%
	C	A	0.49%
	CB	C	0.46%
	MDT	D	0.46%
	BMY	B	0.45%
	HON	C	0.45%
	ADI	D	0.44%
	GILD	C	0.44%
	PLD	F	0.42%
	DE	B	0.41%
	UPS	C	0.39%
	SCHW	B	0.38%
	MDLZ	F	0.37%
	INTC	C	0.37%
	DUK	C	0.36%
	BA	F	0.34%
	GEV	B	0.33%
	AMD	F	0.32%
	HD	B	0.32%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	D	0.32%
	CI	D	0.32%
	REGN	F	0.32%
	CME	B	0.32%
	PYPL	B	0.32%
	UNP	C	0.3%
	PNC	B	0.3%
	USB	A	0.3%
	CVS	D	0.29%
	APD	A	0.28%
	TGT	F	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	BDX	F	0.27%
	FCX	F	0.26%
	CSX	C	0.26%
	COF	C	0.25%
	EMR	B	0.25%
	FDX	B	0.25%
	MRVL	B	0.25%
	OKE	A	0.23%
	NSC	B	0.23%
	GM	C	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	TRV	B	0.22%
	MPC	D	0.21%
	AEP	C	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	AIG	B	0.2%
	CARR	C	0.2%
	D	C	0.2%
	DHI	F	0.2%
	FIS	C	0.2%
	PSX	C	0.2%
	LHX	C	0.19%
	KMI	A	0.19%
	PEP	F	0.19%
	KVUE	A	0.18%
	PRU	A	0.18%
	CMI	A	0.18%
	MET	A	0.18%
	VLO	C	0.17%
	JCI	B	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	MCHP	F	0.16%
	EXC	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	F	C	0.16%
	LEN	D	0.16%
	GLW	B	0.15%
	DAL	B	0.15%
	KDP	F	0.15%
	MCK	A	0.15%
	KR	B	0.15%
	STZ	D	0.15%
	DFS	B	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	GIS	D	0.15%
	BKR	A	0.15%
	NUE	C	0.14%
	MLM	C	0.14%
	DD	C	0.14%
	DOW	F	0.14%
	GEHC	D	0.14%
	ED	C	0.14%
	NKE	F	0.14%
	EIX	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	F	0.13%
	ETR	B	0.13%
	FANG	C	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	CSGP	D	0.12%
	KHC	F	0.12%
	FITB	B	0.12%
	WEC	A	0.12%
	ON	D	0.12%
	CHTR	C	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	HPQ	B	0.11%
	EQR	C	0.11%
	SW	A	0.11%
	PHM	D	0.11%
	VMC	B	0.11%
	AWK	C	0.11%
	ROK	C	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	STT	B	0.11%
	RJF	A	0.11%
	PPL	A	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	0.1%
	HAL	C	0.1%
	LDOS	C	0.1%
	SBUX	A	0.1%
	FTV	C	0.1%
	HPE	B	0.1%
	BIIB	F	0.1%
	IFF	D	0.1%
	UAL	A	0.1%
	NVR	D	0.1%
	DTE	C	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	LNG	A	0.09%
	CINF	A	0.09%
	SYF	B	0.09%
	STE	D	0.09%
	ZBH	C	0.09%
	RF	A	0.09%
	HSY	F	0.09%
	HBAN	A	0.09%
	LYB	F	0.09%
	WY	F	0.09%
	YUM	D	0.09%
	ILMN	C	0.09%
	ES	C	0.09%
	AEE	A	0.09%
	SQ	A	0.09%
	PFG	D	0.08%
	CFG	B	0.08%
	LH	B	0.08%
	INVH	D	0.08%
	IP	A	0.08%
	ARE	F	0.08%
	STLD	B	0.08%
	BBY	D	0.08%
	OMC	C	0.08%
	MKC	C	0.08%
	ZM	C	0.08%
	WBD	B	0.08%
	EQT	B	0.08%
	PKG	A	0.08%
	CMS	C	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	K	A	0.08%
	IEX	C	0.07%
	RS	B	0.07%
	SUI	C	0.07%
	PNR	A	0.07%
	TSN	B	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	DGX	A	0.07%
	J	D	0.07%
	MRNA	F	0.07%
	DG	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	CTRA	B	0.07%
	BAX	F	0.07%
	BALL	F	0.07%
	LUV	C	0.07%
	HOLX	D	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	CNP	A	0.07%
	VTRS	A	0.06%
	CAG	F	0.06%
	RGA	A	0.06%
	VRSN	C	0.06%
	SWKS	F	0.06%
	EXPD	C	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SYY	D	0.06%
	SWK	D	0.06%
	ACM	B	0.06%
	RVTY	F	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	A	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	APTV	F	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	C	0.06%
	NI	A	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	C	0.06%
	FTI	A	0.05%
	SJM	D	0.05%
	UHS	D	0.05%
	BG	D	0.05%
	UNM	A	0.05%
	AMH	C	0.05%
	CHRW	B	0.05%
	HST	C	0.05%
	WPC	C	0.05%
	AMAT	F	0.05%
	EMN	C	0.05%
	NVT	B	0.05%
	JBL	C	0.05%
	BMRN	F	0.05%
	RPM	A	0.05%
	CDW	F	0.05%
	BXP	C	0.05%
	JNPR	D	0.05%
	EG	C	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	JKHY	D	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	GGG	B	0.05%
	WST	C	0.04%
	FYBR	C	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	HRL	D	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	HSIC	C	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CRL	D	0.04%
	CIEN	C	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	GL	C	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	LKQ	F	0.04%
	FOXA	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	B	0.04%
	ARMK	B	0.04%
	AIZ	A	0.04%
	PNW	A	0.04%
	AA	A	0.04%
	SOLV	D	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	CE	F	0.04%
	FBIN	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	A	0.04%
	AVY	F	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	C	0.04%
	PFGC	B	0.04%
	CAH	B	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	D	0.04%
	CG	B	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	ALB	B	0.04%
	FDS	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%
	ALGN	D	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%
	SIRI	C	0.03%
	WMS	F	0.03%
	CGNX	D	0.03%
	PB	B	0.03%
	PARA	C	0.03%
	OSK	C	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%
	MAT	D	0.03%
	ROKU	D	0.03%
	MIDD	C	0.03%
	MOH	F	0.03%
	BIO	C	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	C	0.03%
	ONTO	F	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	C	0.03%
	HII	F	0.03%
	COLD	D	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	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%
	OGE	A	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BERY	C	0.03%
	FMC	D	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	C	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	ALLY	C	0.03%
	WCC	B	0.03%
	TTC	C	0.03%
	CMA	B	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	MOS	F	0.03%
	CZR	F	0.03%
	PTC	B	0.03%
	ORI	A	0.03%
	X	B	0.03%
	SNX	D	0.03%
	INGR	C	0.03%
	KMPR	A	0.02%
	RH	C	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	F	0.02%
	GTES	A	0.02%
	W	D	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	F	0.02%
	M	F	0.02%
	ASH	F	0.02%
	SLGN	A	0.02%
	DLB	B	0.02%
	AGO	B	0.02%
	WSC	F	0.02%
	WLK	D	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%
	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%
	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%
	IDA	A	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%
	MTDR	B	0.02%
	BPOP	C	0.02%
	SRCL	B	0.02%
	VNT	C	0.02%
	MDU	D	0.02%
	LNC	C	0.02%
	BEN	C	0.02%
	COLB	B	0.02%
	LFUS	D	0.02%
	ALK	B	0.02%
	AXS	A	0.02%
	DINO	D	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%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	TER	F	0.01%
	REYN	D	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	INFA	D	0.01%
	LEN	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	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%
	BROS	A	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	A	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	D	0.01%
	ADTN	A	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%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	C	0.01%
	BHF	C	0.01%
	MAN	F	0.01%
	PENN	C	0.01%
	WU	F	0.01%
	AMED	F	0.01%
	CPRT	B	0.01%
	FHB	B	0.01%
	SPR	D	0.01%
	NXST	C	0.01%
	NWS	A	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%
	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%
	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%
	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 395 Positions Relative to FAD

	Symbol	Grade	Weight
	APP	B	-0.96%
	PLTR	B	-0.69%
	AXON	A	-0.63%
	TRGP	A	-0.57%
	VRT	B	-0.52%
	VST	A	-0.52%
	EXPE	B	-0.51%
	GDDY	A	-0.5%
	HEI	A	-0.44%
	BURL	B	-0.44%
	CPNG	D	-0.42%
	LYV	A	-0.41%
	RBLX	C	-0.39%
	NVDA	B	-0.39%
	TPL	A	-0.39%
	NOW	A	-0.38%
	ORCL	A	-0.37%
	LII	A	-0.35%
	COST	A	-0.35%
	ANET	C	-0.33%
	META	D	-0.33%
	ERIE	D	-0.32%
	AVGO	D	-0.32%
	BAH	F	-0.29%
	NFLX	A	-0.29%
	SFM	A	-0.27%
	ISRG	A	-0.27%
	DECK	A	-0.27%
	TTD	B	-0.26%
	AX	B	-0.26%
	MCO	B	-0.25%
	PIPR	A	-0.25%
	QTWO	A	-0.25%
	NTRA	A	-0.25%
	FOUR	A	-0.24%
	HLNE	B	-0.24%
	CORT	B	-0.24%
	RDNT	B	-0.24%
	MANH	D	-0.24%
	RKLB	A	-0.24%
	FIX	A	-0.24%
	LVS	B	-0.24%
	SFBS	C	-0.24%
	DUOL	A	-0.23%
	UBER	F	-0.23%
	KTB	B	-0.23%
	CSWI	B	-0.23%
	CRS	B	-0.23%
	TOST	B	-0.23%
	TSCO	D	-0.23%
	TSLA	B	-0.22%
	KNF	B	-0.22%
	ACIW	B	-0.22%
	MOG.A	B	-0.22%
	CVLT	B	-0.22%
	ITRI	C	-0.22%
	DY	D	-0.21%
	ENSG	C	-0.21%
	AMT	C	-0.21%
	IOT	A	-0.21%
	CPAY	A	-0.2%
	MOD	A	-0.2%
	AIT	B	-0.2%
	DVA	C	-0.2%
	AAON	B	-0.2%
	LTH	C	-0.2%
	ADSK	A	-0.19%
	FFIN	B	-0.19%
	PODD	C	-0.19%
	HIMS	B	-0.19%
	PANW	B	-0.19%
	EAT	A	-0.19%
	EXLS	B	-0.19%
	PEGA	B	-0.19%
	MMSI	A	-0.18%
	CRVL	B	-0.18%
	ARES	A	-0.18%
	SLG	B	-0.18%
	AMZN	C	-0.18%
	TXRH	B	-0.18%
	AAPL	C	-0.17%
	BOOT	C	-0.17%
	ROL	B	-0.17%
	PAYO	A	-0.17%
	ANF	F	-0.17%
	ITGR	B	-0.17%
	AUR	C	-0.17%
	IT	C	-0.17%
	ROAD	B	-0.16%
	IDCC	B	-0.16%
	POWL	C	-0.16%
	DOCU	B	-0.16%
	NCLH	B	-0.16%
	IESC	C	-0.16%
	FSS	B	-0.16%
	CBT	D	-0.16%
	BMI	B	-0.16%
	EPRT	B	-0.16%
	PRIM	A	-0.16%
	AVAV	C	-0.16%
	BCO	F	-0.16%
	CRDO	B	-0.16%
	TRUP	B	-0.15%
	GVA	A	-0.15%
	KAI	B	-0.15%
	LMND	B	-0.15%
	IBOC	B	-0.15%
	WWW	A	-0.15%
	TGTX	B	-0.15%
	STRL	A	-0.15%
	PI	D	-0.14%
	FTDR	B	-0.14%
	PRCT	B	-0.14%
	ZETA	D	-0.14%
	STEP	C	-0.14%
	WHD	B	-0.14%
	CNK	C	-0.14%
	LLY	F	-0.14%
	IBP	D	-0.14%
	ATGE	B	-0.14%
	PJT	A	-0.14%
	MCY	A	-0.14%
	USLM	A	-0.14%
	HOMB	A	-0.14%
	ONB	C	-0.14%
	LRN	A	-0.14%
	ENVA	B	-0.14%
	QCRH	B	-0.14%
	WULF	C	-0.14%
	LNTH	D	-0.14%
	TBBK	B	-0.13%
	BDC	C	-0.13%
	REVG	C	-0.13%
	ACLX	C	-0.13%
	GSHD	A	-0.13%
	AXSM	B	-0.13%
	BOX	B	-0.13%
	TRN	B	-0.13%
	VCYT	B	-0.13%
	CNS	B	-0.13%
	HASI	D	-0.13%
	RYAN	A	-0.13%
	RYTM	C	-0.13%
	CHEF	A	-0.12%
	HWKN	B	-0.12%
	ADMA	B	-0.12%
	NHC	C	-0.12%
	DSGR	C	-0.12%
	SKWD	A	-0.12%
	SLVM	B	-0.12%
	AMRX	C	-0.12%
	CALM	A	-0.12%
	SBRA	C	-0.12%
	HNI	B	-0.12%
	DT	D	-0.12%
	PBI	B	-0.12%
	SKYW	C	-0.12%
	HALO	F	-0.12%
	LMAT	A	-0.11%
	MPWR	F	-0.11%
	KYMR	D	-0.11%
	PTGX	D	-0.11%
	MWA	B	-0.11%
	OSW	B	-0.11%
	VRNS	D	-0.11%
	PRK	B	-0.11%
	NBHC	C	-0.11%
	PLMR	A	-0.11%
	PRM	C	-0.11%
	ALKT	B	-0.11%
	LPLA	A	-0.11%
	VCTR	B	-0.11%
	RNA	C	-0.11%
	INTA	B	-0.11%
	ALHC	C	-0.11%
	SYBT	B	-0.11%
	DORM	B	-0.11%
	INSM	C	-0.11%
	CWAN	B	-0.11%
	CDE	C	-0.11%
	AGIO	C	-0.11%
	PTON	A	-0.11%
	SATS	D	-0.11%
	SGBX	F	-0.11%
	OUT	A	-0.1%
	LFST	B	-0.1%
	AORT	B	-0.1%
	SMTC	B	-0.1%
	CENX	B	-0.1%
	WING	D	-0.1%
	RARE	F	-0.1%
	PCTY	C	-0.1%
	SABR	C	-0.1%
	RVMD	C	-0.1%
	CRWD	B	-0.1%
	CPRX	C	-0.1%
	CCOI	B	-0.1%
	PTCT	B	-0.1%
	JANX	C	-0.1%
	MIRM	B	-0.1%
	CRAI	C	-0.1%
	MNKD	C	-0.1%
	TGLS	B	-0.1%
	INSP	D	-0.1%
	CHWY	B	-0.1%
	CHDN	B	-0.09%
	TMDX	F	-0.09%
	ORA	B	-0.09%
	IRT	A	-0.09%
	RHP	B	-0.09%
	WM	B	-0.09%
	MA	B	-0.09%
	GOOGL	C	-0.09%
	WDAY	B	-0.09%
	GKOS	B	-0.09%
	NMIH	C	-0.09%
	WTTR	A	-0.09%
	DKNG	B	-0.09%
	BCRX	D	-0.09%
	CWST	A	-0.09%
	OSCR	D	-0.09%
	VERX	A	-0.09%
	RUN	F	-0.09%
	YOU	D	-0.09%
	ITCI	C	-0.09%
	PRGS	A	-0.09%
	FBP	C	-0.09%
	NPAB	F	-0.09%
	BLBD	D	-0.08%
	UE	B	-0.08%
	HURN	C	-0.08%
	CHCO	B	-0.08%
	OII	B	-0.08%
	RNG	C	-0.08%
	HRMY	D	-0.08%
	ESE	B	-0.08%
	SHAK	C	-0.08%
	MGNI	B	-0.08%
	VITL	D	-0.08%
	GERN	D	-0.08%
	BLKB	B	-0.08%
	CIFR	C	-0.08%
	BPMC	B	-0.08%
	CTRE	C	-0.08%
	BANF	B	-0.08%
	CAKE	C	-0.08%
	BGC	C	-0.08%
	WT	A	-0.08%
	APOG	C	-0.08%
	SITM	B	-0.08%
	KNSL	B	-0.08%
	GABC	B	-0.08%
	CARG	B	-0.08%
	SEMR	C	-0.08%
	BCPC	B	-0.08%
	CMG	B	-0.08%
	ASTH	F	-0.08%
	MBIN	F	-0.08%
	KRG	B	-0.08%
	UFPT	C	-0.08%
	PMT	C	-0.07%
	KLAC	F	-0.07%
	CWT	C	-0.07%
	WRBY	A	-0.07%
	VRRM	F	-0.07%
	ESRT	C	-0.07%
	NRIX	C	-0.07%
	EXPO	D	-0.07%
	KN	B	-0.07%
	OSIS	A	-0.07%
	AAT	B	-0.07%
	COLL	F	-0.07%
	AZZ	A	-0.07%
	KTOS	B	-0.07%
	GFF	A	-0.07%
	IIPR	D	-0.06%
	MGEE	B	-0.06%
	DRVN	B	-0.06%
	GTLS	A	-0.06%
	AROC	A	-0.06%
	HEES	C	-0.06%
	ICFI	F	-0.06%
	BLFS	C	-0.06%
	HLIT	D	-0.06%
	CEIX	A	-0.06%
	CLSK	C	-0.06%
	FLNC	D	-0.06%
	ADUS	D	-0.06%
	ASPN	F	-0.06%
	KNTK	A	-0.06%
	IOVA	F	-0.06%
	DOCN	C	-0.06%
	AMPH	F	-0.06%
	BRC	D	-0.06%
	TWST	F	-0.06%
	NHI	D	-0.06%
	CMPR	D	-0.05%
	GTX	C	-0.05%
	AESI	B	-0.05%
	SXT	C	-0.05%
	JJSF	C	-0.05%
	IAS	C	-0.05%
	MARA	B	-0.05%
	UMH	B	-0.05%
	KW	C	-0.05%
	AIV	C	-0.05%
	SCS	C	-0.05%
	FCPT	C	-0.05%
	CDP	C	-0.05%
	SWI	C	-0.05%
	GATX	A	-0.05%
	TNDM	D	-0.05%
	OCUL	D	-0.05%
	GTY	A	-0.05%
	ARQT	B	-0.05%
	NEO	C	-0.05%
	NXRT	B	-0.05%
	OWL	A	-0.05%
	CPK	A	-0.05%
	MAC	B	-0.05%
	WDFC	B	-0.05%
	ACVA	B	-0.05%
	SKT	A	-0.05%
	BANC	B	-0.05%
	GH	B	-0.05%
	AGM	B	-0.05%
	LGND	C	-0.05%
	SXI	B	-0.05%
	AGYS	A	-0.05%
	BKD	F	-0.05%
	LKFN	C	-0.05%
	EPAC	C	-0.05%
	MEDP	D	-0.04%
	CDRE	F	-0.04%
	HUMA	F	-0.04%
	MYGN	F	-0.04%
	PHR	F	-0.04%
	DNLI	D	-0.04%
	IPAR	B	-0.04%
	APPF	B	-0.04%
	EVH	F	-0.04%
	LNW	F	-0.04%
	ALX	D	-0.04%
	RXST	F	-0.04%
	ELME	D	-0.04%
	MORN	B	-0.04%
	MAIN	A	-0.04%
	CRNX	C	-0.04%
	NVAX	F	-0.04%
	HLX	B	-0.04%
	ANIP	F	-0.04%
	GOLF	B	-0.04%
	MLNK	C	-0.03%
	PLAY	D	-0.03%
	APPN	B	-0.03%
	APAM	B	-0.03%
	SMPL	B	-0.03%
	ACAD	C	-0.03%
	CTS	C	-0.03%
	CARS	C	-0.03%
	WABC	B	-0.03%
	CBZ	B	-0.03%
	TDW	F	-0.03%
	SOUN	B	-0.03%
	PAR	A	-0.03%
	MIR	A	-0.03%
	TGI	B	-0.03%
	ARDX	F	-0.03%
	CLDX	F	-0.02%
	RLAY	F	-0.02%
	XPRO	D	-0.02%
	LPG	F	-0.02%
	VECO	F	-0.02%
	JAMF	F	-0.02%
	JOE	F	-0.02%
	GNL	F	-0.02%
	NSSC	D	-0.02%
	PZZA	F	-0.02%
	TNC	D	-0.02%
	FOLD	F	-0.02%
	ENVX	F	-0.02%
	RRR	F	-0.02%
	ARLO	C	-0.02%
	BXMT	C	-0.02%
	AMC	C	-0.02%
	BEAM	D	-0.02%
	FBRT	D	-0.02%
	AWR	B	-0.02%
	YELP	C	-0.02%
	THR	B	-0.02%
	STRA	C	-0.02%
	LTC	B	-0.02%
	TR	B	-0.02%
	BL	B	-0.02%
	CLB	B	-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

FAD: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Business Services Banks - Regional - US Diversified Industrials Asset Management REIT - Diversified REIT - Retail Specialty Chemicals Capital Markets Diagnostics & Research Building Materials Insurance - Property & Casualty Medical Devices Aerospace & Defense Engineering & Construction Restaurants Leisure REIT - Residential

Keywords: S&P 500 Real Estate Investment Trust Medicine Computing Nasdaq 100 IBD 50 Insurance Banking Bank Biopharmaceutical Aerospace Biotechnology Chemical Telecommunications Electronics Construction Natural Gas Mining Transport Cancer