VONV vs. GGUS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS)

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

GGUS

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

GGUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization growth segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$53.94

Average Daily Volume

26,765

Number of Holdings ^*

376

* may have additional holdings in another (foreign) market

Performance

Period	VONV	GGUS
30 Days	2.60%	3.10%
60 Days	4.54%	5.39%
90 Days	6.20%	7.62%
12 Months	28.76%

240 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in GGUS	Overlap
	AAL	B	0.03%	0.0%	0.0%
	ABBV	F	0.82%	0.56%	0.56%
	ADP	A	0.03%	0.5%	0.03%
	AJG	A	0.23%	0.02%	0.02%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	A	0.17%	0.04%	0.04%
	ALLY	C	0.03%	0.01%	0.01%
	ALNY	D	0.02%	0.11%	0.02%
	AM	A	0.01%	0.01%	0.01%
	AMAT	F	0.05%	0.57%	0.05%
	AMD	F	0.32%	0.65%	0.32%
	AMGN	F	0.15%	0.51%	0.15%
	AMP	A	0.02%	0.23%	0.02%
	APH	A	0.13%	0.21%	0.13%
	APO	B	0.08%	0.28%	0.08%
	AVY	F	0.04%	0.03%	0.03%
	AWI	A	0.02%	0.01%	0.01%
	AXP	A	0.38%	0.26%	0.26%
	AZEK	A	0.01%	0.02%	0.01%
	AZO	C	0.02%	0.22%	0.02%
	BA	F	0.34%	0.07%	0.07%
	BFAM	D	0.03%	0.0%	0.0%
	BILL	A	0.02%	0.01%	0.01%
	BKNG	A	0.04%	0.71%	0.04%
	BLD	D	0.04%	0.0%	0.0%
	BLDR	D	0.07%	0.01%	0.01%
	BPOP	C	0.02%	0.0%	0.0%
	BR	A	0.01%	0.11%	0.01%
	BRKR	D	0.01%	0.01%	0.01%
	BRO	B	0.06%	0.05%	0.05%
	BROS	A	0.01%	0.01%	0.01%
	BWXT	B	0.04%	0.01%	0.01%
	CACC	D	0.0%	0.01%	0.0%
	CAH	B	0.04%	0.08%	0.04%
	CAR	C	0.0%	0.0%	0.0%
	CASY	A	0.05%	0.01%	0.01%
	CAT	B	0.63%	0.12%	0.12%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.01%	0.01%
	CEG	C	0.28%	0.05%	0.05%
	CHE	D	0.03%	0.0%	0.0%
	CHH	A	0.0%	0.02%	0.0%
	CI	D	0.32%	0.04%	0.04%
	CIVI	D	0.01%	0.01%	0.01%
	CL	D	0.14%	0.19%	0.14%
	CLF	F	0.02%	0.01%	0.01%
	CNM	D	0.01%	0.02%	0.01%
	COIN	C	0.02%	0.24%	0.02%
	CPRT	B	0.01%	0.2%	0.01%
	CRM	B	0.17%	1.13%	0.17%
	CROX	D	0.02%	0.0%	0.0%
	CSL	C	0.07%	0.01%	0.01%
	CTAS	B	0.01%	0.31%	0.01%
	CVNA	B	0.07%	0.04%	0.04%
	DASH	B	0.03%	0.23%	0.03%
	DAY	B	0.04%	0.0%	0.0%
	DBX	B	0.02%	0.01%	0.01%
	DELL	B	0.11%	0.02%	0.02%
	DJT	C	0.0%	0.01%	0.0%
	DKS	D	0.04%	0.0%	0.0%
	DOCS	C	0.02%	0.0%	0.0%
	DPZ	C	0.04%	0.02%	0.02%
	DRI	B	0.04%	0.05%	0.04%
	DV	C	0.0%	0.01%	0.0%
	ECL	D	0.03%	0.23%	0.03%
	EFX	F	0.1%	0.03%	0.03%
	EG	C	0.05%	0.01%	0.01%
	EL	F	0.04%	0.02%	0.02%
	ELV	F	0.32%	0.07%	0.07%
	EME	A	0.05%	0.04%	0.04%
	EPAM	B	0.04%	0.0%	0.0%
	EQIX	A	0.33%	0.02%	0.02%
	EQT	B	0.08%	0.01%	0.01%
	ETSY	D	0.01%	0.02%	0.01%
	EW	C	0.13%	0.04%	0.04%
	EXAS	D	0.03%	0.02%	0.02%
	EXEL	B	0.01%	0.04%	0.01%
	EXP	B	0.01%	0.03%	0.01%
	EXPD	C	0.06%	0.01%	0.01%
	FAST	B	0.03%	0.17%	0.03%
	FDS	B	0.04%	0.03%	0.03%
	FI	A	0.31%	0.17%	0.17%
	FICO	B	0.03%	0.2%	0.03%
	FIVE	F	0.0%	0.02%	0.0%
	FND	D	0.03%	0.02%	0.02%
	FRPT	A	0.02%	0.01%	0.01%
	FTNT	C	0.04%	0.21%	0.04%
	GE	D	0.59%	0.18%	0.18%
	GEHC	D	0.14%	0.01%	0.01%
	GLOB	B	0.01%	0.03%	0.01%
	GNRC	C	0.02%	0.02%	0.02%
	GS	A	0.48%	0.22%	0.22%
	GWRE	A	0.03%	0.03%	0.03%
	GWW	B	0.02%	0.19%	0.02%
	H	B	0.02%	0.0%	0.0%
	HAS	D	0.0%	0.03%	0.0%
	HCA	F	0.2%	0.07%	0.07%
	HCP	B	0.0%	0.02%	0.0%
	HD	B	0.32%	1.43%	0.32%
	HES	B	0.05%	0.12%	0.05%
	HLI	A	0.03%	0.0%	0.0%
	HLT	A	0.11%	0.14%	0.11%
	HON	C	0.45%	0.1%	0.1%
	HPQ	B	0.11%	0.04%	0.04%
	HRB	D	0.03%	0.01%	0.01%
	HSY	F	0.09%	0.02%	0.02%
	HWM	A	0.15%	0.01%	0.01%
	INCY	C	0.04%	0.0%	0.0%
	IONS	F	0.0%	0.02%	0.0%
	IQV	F	0.13%	0.02%	0.02%
	IRDM	D	0.01%	0.0%	0.0%
	IRM	C	0.06%	0.09%	0.06%
	ITW	B	0.19%	0.13%	0.13%
	JBL	C	0.05%	0.01%	0.01%
	JEF	A	0.03%	0.02%	0.02%
	JLL	D	0.04%	0.02%	0.02%
	KBR	F	0.03%	0.0%	0.0%
	KKR	A	0.27%	0.13%	0.13%
	KMB	C	0.11%	0.08%	0.08%
	KMX	B	0.04%	0.0%	0.0%
	KO	D	0.43%	0.61%	0.43%
	LAMR	C	0.03%	0.01%	0.01%
	LBRDK	C	0.03%	0.01%	0.01%
	LECO	C	0.03%	0.01%	0.01%
	LMT	D	0.32%	0.16%	0.16%
	LNG	A	0.09%	0.11%	0.09%
	LOPE	C	0.01%	0.01%	0.01%
	LPX	B	0.01%	0.02%	0.01%
	LSCC	D	0.0%	0.03%	0.0%
	LW	C	0.03%	0.02%	0.02%
	LYFT	C	0.01%	0.02%	0.01%
	MASI	B	0.01%	0.02%	0.01%
	MCD	D	0.79%	0.06%	0.06%
	MCK	A	0.15%	0.15%	0.15%
	MKL	A	0.06%	0.02%	0.02%
	MLM	C	0.14%	0.01%	0.01%
	MMC	B	0.37%	0.07%	0.07%
	MMM	D	0.23%	0.06%	0.06%
	MNST	C	0.03%	0.13%	0.03%
	MOH	F	0.03%	0.05%	0.03%
	MRVL	B	0.25%	0.03%	0.03%
	MS	A	0.51%	0.04%	0.04%
	MSCI	C	0.07%	0.12%	0.07%
	MSI	B	0.16%	0.17%	0.16%
	MSTR	B	0.14%	0.02%	0.02%
	MTN	C	0.0%	0.03%	0.0%
	NCNO	C	0.0%	0.01%	0.0%
	NFE	D	0.0%	0.0%	0.0%
	NKE	F	0.14%	0.25%	0.14%
	NRG	B	0.04%	0.04%	0.04%
	NTAP	C	0.05%	0.05%	0.05%
	NTNX	B	0.04%	0.02%	0.02%
	NXST	C	0.01%	0.01%	0.01%
	OKTA	C	0.03%	0.02%	0.02%
	OLED	F	0.02%	0.02%	0.02%
	ONTO	F	0.03%	0.01%	0.01%
	ORLY	B	0.02%	0.28%	0.02%
	PATH	C	0.0%	0.02%	0.0%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	B	0.11%	0.07%	0.07%
	PEP	F	0.19%	0.76%	0.19%
	PFGC	B	0.04%	0.01%	0.01%
	PG	C	1.21%	0.39%	0.39%
	PGR	A	0.09%	0.56%	0.09%
	PLNT	A	0.01%	0.02%	0.01%
	PR	B	0.03%	0.01%	0.01%
	PSA	C	0.18%	0.04%	0.04%
	PSTG	D	0.01%	0.06%	0.01%
	PTC	B	0.03%	0.06%	0.03%
	PWR	A	0.12%	0.06%	0.06%
	PYCR	B	0.0%	0.0%	0.0%
	QCOM	F	0.05%	0.76%	0.05%
	RCL	A	0.13%	0.09%	0.09%
	REGN	F	0.32%	0.03%	0.03%
	RGEN	D	0.03%	0.0%	0.0%
	RH	C	0.02%	0.0%	0.0%
	RLI	A	0.02%	0.0%	0.0%
	RMD	C	0.1%	0.04%	0.04%
	ROK	C	0.11%	0.01%	0.01%
	ROKU	D	0.03%	0.01%	0.01%
	ROST	D	0.14%	0.05%	0.05%
	RPM	A	0.05%	0.02%	0.02%
	S	B	0.02%	0.0%	0.0%
	SAIA	B	0.02%	0.04%	0.02%
	SAM	C	0.01%	0.0%	0.0%
	SBUX	A	0.1%	0.39%	0.1%
	SCHW	B	0.38%	0.05%	0.05%
	SEE	C	0.02%	0.0%	0.0%
	SHW	B	0.03%	0.35%	0.03%
	SITE	F	0.02%	0.01%	0.01%
	SKX	D	0.03%	0.0%	0.0%
	SN	D	0.02%	0.01%	0.01%
	SOFI	B	0.04%	0.01%	0.01%
	SPG	A	0.16%	0.07%	0.07%
	SPR	D	0.01%	0.0%	0.0%
	SQ	A	0.09%	0.1%	0.09%
	SSD	F	0.03%	0.0%	0.0%
	SYK	B	0.36%	0.18%	0.18%
	SYY	D	0.06%	0.1%	0.06%
	TDG	D	0.23%	0.06%	0.06%
	TER	F	0.01%	0.06%	0.01%
	TJX	A	0.21%	0.35%	0.21%
	TKO	A	0.03%	0.01%	0.01%
	TPG	A	0.02%	0.01%	0.01%
	TRU	D	0.07%	0.0%	0.0%
	TT	A	0.22%	0.14%	0.14%
	TTEK	F	0.04%	0.01%	0.01%
	TW	A	0.04%	0.03%	0.03%
	TWLO	A	0.04%	0.01%	0.01%
	TXG	F	0.0%	0.0%	0.0%
	TXN	C	0.65%	0.1%	0.1%
	TYL	B	0.02%	0.1%	0.02%
	U	C	0.01%	0.01%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	UI	B	0.0%	0.0%	0.0%
	ULTA	F	0.01%	0.07%	0.01%
	UNH	B	1.94%	0.16%	0.16%
	UNP	C	0.3%	0.3%	0.3%
	URI	C	0.16%	0.06%	0.06%
	UWMC	D	0.0%	0.0%	0.0%
	VLTO	C	0.06%	0.05%	0.05%
	VMC	B	0.11%	0.04%	0.04%
	VRSN	C	0.06%	0.0%	0.0%
	VRTX	D	0.25%	0.27%	0.25%
	WAT	C	0.03%	0.06%	0.03%
	WEN	D	0.01%	0.01%	0.01%
	WEX	D	0.03%	0.0%	0.0%
	WH	B	0.02%	0.0%	0.0%
	WMS	F	0.03%	0.01%	0.01%
	WSC	F	0.02%	0.01%	0.01%
	WSM	C	0.03%	0.05%	0.03%
	WST	C	0.04%	0.06%	0.04%
	WU	F	0.01%	0.0%	0.0%
	WYNN	C	0.04%	0.0%	0.0%
	XP	F	0.03%	0.0%	0.0%
	YETI	D	0.01%	0.0%	0.0%
	YUM	D	0.09%	0.06%	0.06%
	ZBRA	B	0.06%	0.02%	0.02%
	ZTS	D	0.06%	0.29%	0.06%

VONV Overweight 602 Positions Relative to GGUS

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	JNJ	C	1.54%
	WMT	A	1.42%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	LIN	C	0.88%
	ACN	B	0.87%
	TMO	F	0.84%
	PM	B	0.83%
	ABT	B	0.78%
	IBM	C	0.76%
	DIS	B	0.71%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	NEE	C	0.65%
	PFE	F	0.64%
	RTX	D	0.64%
	DHR	F	0.63%
	LOW	C	0.6%
	SPGI	C	0.6%
	BLK	B	0.58%
	ETN	A	0.53%
	COP	C	0.51%
	C	A	0.49%
	BSX	A	0.49%
	CB	C	0.46%
	MDT	D	0.46%
	BMY	B	0.45%
	MU	D	0.44%
	ADI	D	0.44%
	GILD	C	0.44%
	TMUS	B	0.43%
	PLD	F	0.42%
	DE	B	0.41%
	SO	C	0.4%
	UPS	C	0.39%
	MDLZ	F	0.37%
	INTC	C	0.37%
	MO	A	0.37%
	DUK	C	0.36%
	ICE	C	0.35%
	WELL	A	0.33%
	GEV	B	0.33%
	GD	D	0.32%
	CME	B	0.32%
	PYPL	B	0.32%
	PH	A	0.32%
	PNC	B	0.3%
	USB	A	0.3%
	CVS	D	0.29%
	AON	A	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%
	WMB	A	0.25%
	MAR	A	0.24%
	OKE	A	0.23%
	NSC	B	0.23%
	GM	C	0.23%
	SLB	C	0.23%
	ROP	B	0.23%
	TFC	A	0.23%
	DLR	B	0.23%
	AFL	B	0.23%
	BK	A	0.22%
	TRV	B	0.22%
	MPC	D	0.21%
	O	C	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%
	CCI	C	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	KVUE	A	0.18%
	PRU	A	0.18%
	PEG	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%
	PCG	A	0.17%
	MCHP	F	0.16%
	EXC	C	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	EA	A	0.16%
	F	C	0.16%
	RSG	A	0.16%
	LEN	D	0.16%
	GLW	B	0.15%
	DAL	B	0.15%
	KDP	F	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%
	A	D	0.15%
	IR	B	0.15%
	NUE	C	0.14%
	EXR	C	0.14%
	DD	C	0.14%
	DOW	F	0.14%
	ED	C	0.14%
	ACGL	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	CNC	D	0.13%
	WAB	B	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	C	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	EBAY	D	0.12%
	XYL	D	0.12%
	CSGP	D	0.12%
	KHC	F	0.12%
	FITB	B	0.12%
	WEC	A	0.12%
	ON	D	0.12%
	NDAQ	A	0.12%
	CHTR	C	0.12%
	GRMN	B	0.12%
	WTW	B	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	GPN	B	0.11%
	VTR	B	0.11%
	EQR	C	0.11%
	SW	A	0.11%
	PHM	D	0.11%
	AWK	C	0.11%
	MTD	F	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%
	CHD	A	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	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%
	DOV	A	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	CINF	A	0.09%
	SYF	B	0.09%
	STE	D	0.09%
	ZBH	C	0.09%
	RF	A	0.09%
	CCL	A	0.09%
	HBAN	A	0.09%
	CBOE	C	0.09%
	LYB	F	0.09%
	WY	F	0.09%
	HUBB	B	0.09%
	ILMN	C	0.09%
	ES	C	0.09%
	AEE	A	0.09%
	FCNCA	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%
	NTRS	A	0.08%
	PKG	A	0.08%
	CMS	C	0.08%
	FSLR	F	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	K	A	0.08%
	IEX	C	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	C	0.07%
	PNR	A	0.07%
	WSO	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%
	ESS	B	0.07%
	BAX	F	0.07%
	BALL	F	0.07%
	LUV	C	0.07%
	HOLX	D	0.07%
	CNP	A	0.07%
	VTRS	A	0.06%
	CAG	F	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	SWKS	F	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	SWK	D	0.06%
	ACM	B	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	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%
	LNT	A	0.06%
	APTV	F	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	C	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	KEY	B	0.06%
	GPC	D	0.06%
	AMCR	C	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	F	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	C	0.05%
	UHS	D	0.05%
	BG	D	0.05%
	UNM	A	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%
	EMN	C	0.05%
	NVT	B	0.05%
	BMRN	F	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%
	CW	C	0.05%
	JKHY	D	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DTM	A	0.04%
	FYBR	C	0.04%
	DCI	B	0.04%
	WBS	A	0.04%
	HRL	D	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	D	0.04%
	HSIC	C	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	FRT	B	0.04%
	CRL	D	0.04%
	CIEN	C	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	PRI	B	0.04%
	LKQ	F	0.04%
	RGLD	C	0.04%
	FOXA	A	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%
	SOLV	D	0.04%
	DOX	D	0.04%
	AFRM	A	0.04%
	FBIN	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	A	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	CTLT	C	0.04%
	MKTX	D	0.04%
	CUBE	C	0.04%
	TPR	B	0.04%
	CCK	D	0.04%
	CG	B	0.04%
	RRX	B	0.04%
	IPG	D	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%
	IVZ	B	0.03%
	BBWI	C	0.03%
	FAF	A	0.03%
	MTG	C	0.03%
	ATI	C	0.03%
	SIRI	C	0.03%
	CGNX	D	0.03%
	PB	B	0.03%
	PARA	C	0.03%
	OSK	C	0.03%
	KEX	B	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	D	0.03%
	JAZZ	B	0.03%
	WBA	F	0.03%
	COKE	C	0.03%
	RHI	C	0.03%
	FCN	F	0.03%
	MAT	D	0.03%
	AGNC	C	0.03%
	MIDD	C	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%
	RRC	B	0.03%
	SNV	C	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	C	0.03%
	HII	F	0.03%
	COLD	D	0.03%
	ADC	A	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%
	BWA	D	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%
	OGE	A	0.03%
	PNFP	B	0.03%
	BERY	C	0.03%
	BRX	A	0.03%
	FMC	D	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	C	0.03%
	GMED	A	0.03%
	EGP	D	0.03%
	RIVN	F	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%
	MGM	D	0.03%
	MOS	F	0.03%
	BRBR	A	0.03%
	CZR	F	0.03%
	ORI	A	0.03%
	X	B	0.03%
	SNX	D	0.03%
	INGR	C	0.03%
	KMPR	A	0.02%
	MSGS	A	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	GTES	A	0.02%
	W	D	0.02%
	FLO	D	0.02%
	GAP	C	0.02%
	M	F	0.02%
	ASH	F	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	AGO	B	0.02%
	WTM	A	0.02%
	WLK	D	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%
	ROIV	C	0.02%
	PSN	D	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%
	THO	B	0.02%
	THG	A	0.02%
	JHG	B	0.02%
	TKR	D	0.02%
	POST	C	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%
	SRCL	B	0.02%
	VNT	C	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	C	0.02%
	BEN	C	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%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	F	0.02%
	STWD	C	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%
	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%
	CRI	F	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	AAP	D	0.01%
	AZTA	D	0.01%
	LCID	F	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%
	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%
	NSA	C	0.01%
	BHF	C	0.01%
	MAN	F	0.01%
	PENN	C	0.01%
	AMED	F	0.01%
	FHB	B	0.01%
	TNL	A	0.01%
	NWS	A	0.01%
	EPR	C	0.01%
	ZI	D	0.01%
	PRGO	C	0.01%
	HIW	C	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%
	SEG	B	0.0%
	PLTK	B	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	CWEN	C	0.0%
	CNA	C	0.0%
	DDS	B	0.0%
	CERT	F	0.0%

VONV Underweight 137 Positions Relative to GGUS

	Symbol	Grade	Weight
	AAPL	C	-11.27%
	NVDA	B	-11.16%
	MSFT	D	-4.36%
	AMZN	C	-4.31%
	TSLA	B	-4.14%
	META	D	-3.54%
	AVGO	D	-3.32%
	LLY	F	-2.56%
	GOOGL	C	-2.28%
	V	A	-2.16%
	GOOG	C	-1.92%
	MA	B	-1.9%
	COST	A	-1.8%
	NFLX	A	-1.6%
	ORCL	A	-1.28%
	MRK	D	-1.08%
	ADBE	C	-0.98%
	NOW	A	-0.91%
	ISRG	A	-0.83%
	INTU	B	-0.82%
	UBER	F	-0.61%
	BX	A	-0.57%
	PLTR	B	-0.54%
	PANW	B	-0.52%
	ANET	C	-0.42%
	LRCX	F	-0.41%
	AMT	C	-0.41%
	WM	B	-0.39%
	KLAC	F	-0.37%
	SNPS	B	-0.35%
	CDNS	B	-0.35%
	CMG	B	-0.35%
	CRWD	B	-0.34%
	APP	B	-0.34%
	MCO	B	-0.33%
	ADSK	A	-0.29%
	SPOT	B	-0.29%
	ABNB	C	-0.25%
	WDAY	B	-0.24%
	VST	A	-0.23%
	TTD	B	-0.23%
	ODFL	C	-0.19%
	AXON	A	-0.19%
	NU	C	-0.19%
	TRGP	A	-0.19%
	VRT	B	-0.19%
	VRSK	A	-0.18%
	COR	B	-0.18%
	SNOW	B	-0.18%
	DDOG	A	-0.17%
	TEAM	A	-0.17%
	IT	C	-0.17%
	LULU	C	-0.16%
	HUBS	A	-0.15%
	IDXX	F	-0.15%
	VEEV	C	-0.14%
	TSCO	D	-0.13%
	ARES	A	-0.13%
	DXCM	C	-0.13%
	RBLX	C	-0.12%
	GDDY	A	-0.12%
	DECK	A	-0.12%
	NET	B	-0.12%
	MPWR	F	-0.12%
	CPNG	D	-0.12%
	CPAY	A	-0.11%
	TPL	A	-0.11%
	EXPE	B	-0.1%
	LPLA	A	-0.1%
	MDB	B	-0.09%
	LII	A	-0.09%
	LYV	A	-0.09%
	CLX	A	-0.09%
	HEI	A	-0.08%
	LVS	B	-0.08%
	PINS	F	-0.08%
	NTRA	A	-0.08%
	BURL	B	-0.08%
	TOST	B	-0.08%
	BAH	F	-0.08%
	PODD	C	-0.08%
	ZS	B	-0.08%
	DKNG	B	-0.08%
	EQH	C	-0.07%
	ENTG	D	-0.07%
	DT	D	-0.07%
	FIX	A	-0.07%
	DOCU	B	-0.07%
	MANH	D	-0.07%
	XPO	B	-0.07%
	TXRH	B	-0.06%
	POOL	C	-0.06%
	ROL	B	-0.06%
	KNSL	B	-0.05%
	SMCI	F	-0.05%
	DUOL	A	-0.05%
	NCLH	B	-0.05%
	OWL	A	-0.05%
	NBIX	C	-0.05%
	HEI	A	-0.05%
	MEDP	D	-0.04%
	DVA	C	-0.04%
	PEN	B	-0.04%
	ENPH	F	-0.04%
	ITCI	C	-0.04%
	LNW	F	-0.04%
	PCTY	C	-0.04%
	SCCO	F	-0.04%
	MORN	B	-0.04%
	AAON	B	-0.04%
	TPX	B	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	SRPT	F	-0.04%
	MUSA	B	-0.04%
	WFRD	D	-0.03%
	FOUR	A	-0.03%
	ELF	C	-0.03%
	BSY	F	-0.03%
	CFLT	B	-0.03%
	RYAN	A	-0.03%
	TREX	C	-0.03%
	SMAR	B	-0.03%
	ESTC	C	-0.03%
	GTLB	B	-0.03%
	PCOR	B	-0.03%
	RARE	F	-0.02%
	CELH	F	-0.02%
	INSP	D	-0.02%
	APPF	B	-0.02%
	VKTX	F	-0.02%
	VVV	D	-0.02%
	FIVN	C	-0.01%
	APLS	F	-0.01%
	RNG	C	-0.01%
	TDC	D	-0.01%
	PEGA	B	-0.01%

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

GGUS: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Business Services Biotechnology Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Credit Services Household & Personal Products Leisure Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Natural Gas Semiconductor Telecommunications Integrated Circuits Operating System Payment Systems