VONV vs. GSLC ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$118.17

Average Daily Volume

217,813

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	VONV	GSLC
30 Days	3.51%	3.97%
60 Days	4.96%	5.37%
90 Days	7.00%	7.11%
12 Months	29.73%	33.60%

370 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in GSLC	Overlap
	A	D	0.15%	0.05%	0.05%
	ABBV	D	0.82%	0.48%	0.48%
	ABT	B	0.78%	0.22%	0.22%
	ACGL	D	0.14%	0.15%	0.14%
	ACN	C	0.87%	0.45%	0.45%
	ADI	D	0.44%	0.08%	0.08%
	ADM	D	0.11%	0.19%	0.11%
	ADP	B	0.03%	0.12%	0.03%
	AEE	A	0.09%	0.02%	0.02%
	AEP	D	0.21%	0.04%	0.04%
	AFL	B	0.23%	0.12%	0.12%
	AIG	B	0.2%	0.16%	0.16%
	AJG	B	0.23%	0.15%	0.15%
	AKAM	D	0.06%	0.12%	0.06%
	ALGN	D	0.03%	0.07%	0.03%
	ALL	A	0.17%	0.11%	0.11%
	ALNY	D	0.02%	0.08%	0.02%
	AMAT	F	0.05%	0.32%	0.05%
	AMD	F	0.32%	0.23%	0.23%
	AME	A	0.17%	0.1%	0.1%
	AMGN	D	0.15%	0.17%	0.15%
	AMP	A	0.02%	0.4%	0.02%
	ANSS	B	0.11%	0.03%	0.03%
	AON	A	0.29%	0.12%	0.12%
	APH	A	0.13%	0.22%	0.13%
	APO	B	0.08%	0.3%	0.08%
	ARE	D	0.08%	0.07%	0.07%
	ATO	A	0.08%	0.13%	0.08%
	AVB	B	0.13%	0.1%	0.1%
	AVTR	F	0.06%	0.07%	0.06%
	AVY	D	0.04%	0.15%	0.04%
	AXP	A	0.38%	0.3%	0.3%
	AZO	C	0.02%	0.22%	0.02%
	BAC	A	1.14%	0.41%	0.41%
	BBY	D	0.08%	0.21%	0.08%
	BDX	F	0.27%	0.07%	0.07%
	BG	F	0.05%	0.18%	0.05%
	BIIB	F	0.1%	0.12%	0.1%
	BK	A	0.22%	0.38%	0.22%
	BKNG	A	0.04%	0.5%	0.04%
	BLDR	D	0.07%	0.43%	0.07%
	BLK	C	0.58%	0.17%	0.17%
	BMY	B	0.45%	0.21%	0.21%
	BR	A	0.01%	0.16%	0.01%
	BRK.A	B	3.3%	1.15%	1.15%
	BRO	B	0.06%	0.17%	0.06%
	BSX	B	0.49%	0.24%	0.24%
	C	A	0.49%	0.28%	0.28%
	CAG	D	0.06%	0.16%	0.06%
	CAH	B	0.04%	0.12%	0.04%
	CARR	D	0.2%	0.06%	0.06%
	CAT	B	0.63%	0.23%	0.23%
	CB	C	0.46%	0.21%	0.21%
	CBOE	B	0.09%	0.11%	0.09%
	CBRE	B	0.16%	0.06%	0.06%
	CCL	B	0.09%	0.19%	0.09%
	CDW	F	0.05%	0.1%	0.05%
	CE	F	0.04%	0.08%	0.04%
	CEG	D	0.28%	0.11%	0.11%
	CF	B	0.06%	0.12%	0.06%
	CFG	B	0.08%	0.09%	0.08%
	CHD	B	0.1%	0.13%	0.1%
	CHTR	C	0.12%	0.13%	0.12%
	CI	F	0.32%	0.26%	0.26%
	CINF	A	0.09%	0.14%	0.09%
	CL	D	0.14%	0.4%	0.14%
	CMCSA	B	0.67%	0.29%	0.29%
	CME	A	0.32%	0.11%	0.11%
	CMI	A	0.18%	0.09%	0.09%
	CMS	C	0.08%	0.08%	0.08%
	CNC	D	0.13%	0.1%	0.1%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.25%	0.36%	0.25%
	COIN	C	0.02%	0.06%	0.02%
	COP	C	0.51%	0.1%	0.1%
	CPRT	A	0.01%	0.06%	0.01%
	CRM	B	0.17%	0.48%	0.17%
	CSCO	B	0.89%	0.32%	0.32%
	CSL	C	0.07%	0.1%	0.07%
	CSX	B	0.26%	0.06%	0.06%
	CTAS	B	0.01%	0.37%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.18%	0.15%
	CTVA	C	0.17%	0.03%	0.03%
	CVNA	B	0.07%	0.06%	0.06%
	CVS	D	0.29%	0.18%	0.18%
	CVX	A	1.03%	0.2%	0.2%
	D	C	0.2%	0.03%	0.03%
	DAL	C	0.15%	0.14%	0.14%
	DASH	A	0.03%	0.07%	0.03%
	DE	A	0.41%	0.06%	0.06%
	DELL	C	0.11%	0.08%	0.08%
	DFS	B	0.15%	0.27%	0.15%
	DG	F	0.07%	0.1%	0.07%
	DGX	A	0.07%	0.17%	0.07%
	DHI	D	0.2%	0.14%	0.14%
	DHR	F	0.63%	0.15%	0.15%
	DIS	B	0.71%	0.19%	0.19%
	DLR	B	0.23%	0.04%	0.04%
	DLTR	F	0.05%	0.09%	0.05%
	DOV	A	0.1%	0.11%	0.1%
	DOW	F	0.14%	0.07%	0.07%
	DPZ	C	0.04%	0.21%	0.04%
	DRI	B	0.04%	0.09%	0.04%
	DTE	C	0.1%	0.04%	0.04%
	DUK	C	0.36%	0.1%	0.1%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.24%	0.16%
	EBAY	D	0.12%	0.1%	0.1%
	ECL	D	0.03%	0.09%	0.03%
	ED	D	0.14%	0.06%	0.06%
	EFX	F	0.1%	0.03%	0.03%
	EG	C	0.05%	0.1%	0.05%
	EIX	B	0.13%	0.04%	0.04%
	EL	F	0.04%	0.11%	0.04%
	ELV	F	0.32%	0.09%	0.09%
	EME	C	0.05%	0.16%	0.05%
	EOG	A	0.28%	0.08%	0.08%
	EQIX	A	0.33%	0.02%	0.02%
	EQR	B	0.11%	0.08%	0.08%
	ESS	B	0.07%	0.06%	0.06%
	ETN	A	0.53%	0.14%	0.14%
	ETR	B	0.13%	0.07%	0.07%
	EVRG	A	0.05%	0.07%	0.05%
	EW	C	0.13%	0.07%	0.07%
	EXC	C	0.16%	0.04%	0.04%
	EXPD	D	0.06%	0.1%	0.06%
	EXR	D	0.14%	0.03%	0.03%
	F	C	0.16%	0.17%	0.16%
	FANG	D	0.13%	0.02%	0.02%
	FAST	B	0.03%	0.36%	0.03%
	FCNCA	A	0.09%	0.1%	0.09%
	FDS	B	0.04%	0.12%	0.04%
	FDX	B	0.25%	0.1%	0.1%
	FE	C	0.1%	0.07%	0.07%
	FI	A	0.31%	0.27%	0.27%
	FICO	B	0.03%	0.49%	0.03%
	FIS	C	0.2%	0.06%	0.06%
	FITB	A	0.12%	0.05%	0.05%
	FNF	B	0.06%	0.04%	0.04%
	FTNT	C	0.04%	0.24%	0.04%
	FTV	C	0.1%	0.1%	0.1%
	GD	F	0.32%	0.14%	0.14%
	GE	D	0.59%	0.29%	0.29%
	GEHC	F	0.14%	0.02%	0.02%
	GEN	B	0.06%	0.12%	0.06%
	GEV	B	0.33%	0.09%	0.09%
	GGG	B	0.05%	0.16%	0.05%
	GILD	C	0.44%	0.17%	0.17%
	GIS	D	0.15%	0.07%	0.07%
	GLW	B	0.15%	0.08%	0.08%
	GM	B	0.23%	0.03%	0.03%
	GPC	D	0.06%	0.04%	0.04%
	GPN	B	0.11%	0.08%	0.08%
	GRMN	B	0.12%	0.05%	0.05%
	GWRE	A	0.03%	0.04%	0.03%
	GWW	B	0.02%	0.44%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.12%	0.12%
	HD	A	0.32%	0.81%	0.32%
	HIG	B	0.13%	0.23%	0.13%
	HLT	A	0.11%	0.19%	0.11%
	HOLX	D	0.07%	0.17%	0.07%
	HON	B	0.45%	0.15%	0.15%
	HPE	B	0.1%	0.28%	0.1%
	HPQ	B	0.11%	0.08%	0.08%
	HSY	F	0.09%	0.05%	0.05%
	HUBB	B	0.09%	0.08%	0.08%
	HUM	C	0.12%	0.02%	0.02%
	HWM	A	0.15%	0.12%	0.12%
	IBKR	A	0.06%	0.05%	0.05%
	IBM	C	0.76%	0.38%	0.38%
	ICE	C	0.35%	0.22%	0.22%
	IEX	B	0.07%	0.15%	0.07%
	IFF	D	0.1%	0.03%	0.03%
	ILMN	D	0.09%	0.06%	0.06%
	INTC	D	0.37%	0.06%	0.06%
	INVH	D	0.08%	0.07%	0.07%
	IP	B	0.08%	0.09%	0.08%
	IQV	D	0.13%	0.09%	0.09%
	IR	B	0.15%	0.11%	0.11%
	IRM	D	0.06%	0.13%	0.06%
	ITW	B	0.19%	0.22%	0.19%
	J	F	0.07%	0.07%	0.07%
	JBL	B	0.05%	0.13%	0.05%
	JCI	C	0.17%	0.06%	0.06%
	JKHY	D	0.05%	0.14%	0.05%
	JNJ	D	1.54%	0.62%	0.62%
	JPM	A	2.55%	1.16%	1.16%
	K	A	0.08%	0.06%	0.06%
	KDP	D	0.15%	0.08%	0.08%
	KEY	B	0.06%	0.02%	0.02%
	KEYS	A	0.1%	0.08%	0.08%
	KHC	F	0.12%	0.09%	0.09%
	KIM	A	0.06%	0.02%	0.02%
	KKR	A	0.27%	0.15%	0.15%
	KMB	D	0.11%	0.15%	0.11%
	KMI	A	0.19%	0.26%	0.19%
	KO	D	0.43%	0.33%	0.33%
	KR	B	0.15%	0.38%	0.15%
	KVUE	A	0.18%	0.02%	0.02%
	L	A	0.06%	0.21%	0.06%
	LDOS	C	0.1%	0.22%	0.1%
	LEN	D	0.01%	0.28%	0.01%
	LEN	D	0.16%	0.28%	0.16%
	LH	C	0.08%	0.11%	0.08%
	LHX	C	0.19%	0.08%	0.08%
	LIN	D	0.88%	0.23%	0.23%
	LMT	D	0.32%	0.13%	0.13%
	LNG	B	0.09%	0.05%	0.05%
	LNT	A	0.06%	0.09%	0.06%
	LOW	D	0.6%	0.41%	0.41%
	LYB	F	0.09%	0.13%	0.09%
	MAA	B	0.07%	0.08%	0.07%
	MAR	B	0.24%	0.1%	0.1%
	MAS	D	0.07%	0.19%	0.07%
	MCD	D	0.79%	0.17%	0.17%
	MCHP	D	0.16%	0.07%	0.07%
	MCK	B	0.15%	0.19%	0.15%
	MDLZ	F	0.37%	0.09%	0.09%
	MDT	D	0.46%	0.09%	0.09%
	MET	A	0.18%	0.09%	0.09%
	MKL	A	0.06%	0.11%	0.06%
	MLM	B	0.14%	0.03%	0.03%
	MMC	B	0.37%	0.29%	0.29%
	MMM	D	0.23%	0.09%	0.09%
	MNST	C	0.03%	0.09%	0.03%
	MO	A	0.37%	0.18%	0.18%
	MPC	D	0.21%	0.19%	0.19%
	MRO	B	0.06%	0.09%	0.06%
	MS	A	0.51%	0.25%	0.25%
	MSI	B	0.16%	0.33%	0.16%
	MSTR	C	0.14%	0.16%	0.14%
	MTB	A	0.13%	0.07%	0.07%
	MTD	D	0.11%	0.25%	0.11%
	MU	D	0.44%	0.07%	0.07%
	NDAQ	A	0.12%	0.09%	0.09%
	NDSN	B	0.06%	0.12%	0.06%
	NEE	D	0.65%	0.09%	0.09%
	NI	A	0.06%	0.1%	0.06%
	NKE	D	0.14%	0.19%	0.14%
	NOC	D	0.28%	0.04%	0.04%
	NRG	B	0.04%	0.21%	0.04%
	NTAP	C	0.05%	0.14%	0.05%
	NTNX	A	0.04%	0.27%	0.04%
	NTRS	A	0.08%	0.19%	0.08%
	NUE	C	0.14%	0.15%	0.14%
	NVR	D	0.1%	0.11%	0.1%
	O	D	0.21%	0.05%	0.05%
	OC	A	0.06%	0.14%	0.06%
	OKE	A	0.23%	0.18%	0.18%
	OMC	C	0.08%	0.16%	0.08%
	ON	D	0.12%	0.08%	0.08%
	ORLY	B	0.02%	0.28%	0.02%
	OTIS	C	0.16%	0.17%	0.16%
	OXY	D	0.13%	0.05%	0.05%
	PAYX	C	0.11%	0.07%	0.07%
	PCAR	B	0.21%	0.07%	0.07%
	PCG	A	0.17%	0.02%	0.02%
	PEG	A	0.18%	0.11%	0.11%
	PEP	F	0.19%	0.35%	0.19%
	PFE	D	0.64%	0.02%	0.02%
	PFG	D	0.08%	0.16%	0.08%
	PG	A	1.21%	0.6%	0.6%
	PGR	A	0.09%	0.21%	0.09%
	PH	A	0.32%	0.14%	0.14%
	PHM	D	0.11%	0.26%	0.11%
	PKG	A	0.08%	0.12%	0.08%
	PM	B	0.83%	0.31%	0.31%
	PNC	B	0.3%	0.09%	0.09%
	PNR	A	0.07%	0.02%	0.02%
	PPG	F	0.12%	0.12%	0.12%
	PPL	B	0.1%	0.1%	0.1%
	PRU	A	0.18%	0.16%	0.16%
	PSA	D	0.18%	0.05%	0.05%
	PSTG	D	0.01%	0.19%	0.01%
	PSX	C	0.2%	0.1%	0.1%
	PTC	A	0.03%	0.17%	0.03%
	PWR	A	0.12%	0.09%	0.09%
	PYPL	B	0.32%	0.1%	0.1%
	QCOM	F	0.05%	0.35%	0.05%
	RCL	A	0.13%	0.13%	0.13%
	REGN	F	0.32%	0.18%	0.18%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.11%	0.13%	0.11%
	RMD	C	0.1%	0.02%	0.02%
	ROP	B	0.23%	0.25%	0.23%
	ROST	C	0.14%	0.07%	0.07%
	RPM	A	0.05%	0.15%	0.05%
	RS	B	0.07%	0.16%	0.07%
	RSG	A	0.16%	0.22%	0.16%
	RTX	C	0.64%	0.2%	0.2%
	RVTY	F	0.06%	0.03%	0.03%
	SCHW	B	0.38%	0.03%	0.03%
	SHW	A	0.03%	0.21%	0.03%
	SLB	C	0.23%	0.03%	0.03%
	SNA	A	0.07%	0.1%	0.07%
	SO	D	0.4%	0.08%	0.08%
	SPG	B	0.16%	0.09%	0.09%
	SPGI	C	0.6%	0.16%	0.16%
	SRE	A	0.21%	0.05%	0.05%
	SSNC	B	0.06%	0.25%	0.06%
	STE	F	0.09%	0.08%	0.08%
	STLD	B	0.08%	0.05%	0.05%
	STT	A	0.11%	0.25%	0.11%
	STZ	D	0.15%	0.09%	0.09%
	SUI	D	0.07%	0.08%	0.07%
	SWK	D	0.06%	0.11%	0.06%
	SWKS	F	0.06%	0.16%	0.06%
	SYF	B	0.09%	0.41%	0.09%
	SYK	C	0.36%	0.16%	0.16%
	SYY	B	0.06%	0.24%	0.06%
	T	A	0.65%	0.34%	0.34%
	TDG	D	0.23%	0.12%	0.12%
	TDY	B	0.08%	0.13%	0.08%
	TER	D	0.01%	0.07%	0.01%
	TFC	A	0.23%	0.02%	0.02%
	TGT	F	0.28%	0.24%	0.24%
	TJX	A	0.21%	0.39%	0.21%
	TMO	F	0.84%	0.22%	0.22%
	TMUS	B	0.43%	0.27%	0.27%
	TOL	B	0.06%	0.07%	0.06%
	TRMB	B	0.06%	0.08%	0.06%
	TROW	B	0.1%	0.12%	0.1%
	TRU	D	0.07%	0.05%	0.05%
	TRV	B	0.22%	0.15%	0.15%
	TSN	B	0.07%	0.06%	0.06%
	TT	A	0.22%	0.16%	0.16%
	TTWO	A	0.11%	0.04%	0.04%
	TW	A	0.04%	0.02%	0.02%
	TXN	C	0.65%	0.23%	0.23%
	TXT	D	0.06%	0.17%	0.06%
	TYL	B	0.02%	0.04%	0.02%
	ULTA	F	0.01%	0.25%	0.01%
	UNH	C	1.94%	0.82%	0.82%
	UNP	C	0.3%	0.04%	0.04%
	URI	B	0.16%	0.03%	0.03%
	USB	A	0.3%	0.06%	0.06%
	VICI	C	0.13%	0.1%	0.1%
	VLO	C	0.17%	0.18%	0.17%
	VLTO	D	0.06%	0.13%	0.06%
	VMC	B	0.11%	0.04%	0.04%
	VRSN	F	0.06%	0.37%	0.06%
	VRTX	F	0.25%	0.19%	0.19%
	VTR	C	0.11%	0.04%	0.04%
	VTRS	A	0.06%	0.33%	0.06%
	VZ	C	0.71%	0.25%	0.25%
	WAB	B	0.13%	0.24%	0.13%
	WAT	B	0.03%	0.08%	0.03%
	WBD	C	0.08%	0.23%	0.08%
	WDC	D	0.09%	0.04%	0.04%
	WEC	A	0.12%	0.05%	0.05%
	WELL	A	0.33%	0.09%	0.09%
	WFC	A	0.91%	0.33%	0.33%
	WMB	A	0.25%	0.23%	0.23%
	WMT	A	1.42%	0.93%	0.93%
	WPC	D	0.05%	0.1%	0.05%
	WRB	A	0.07%	0.07%	0.07%
	WSM	B	0.03%	0.17%	0.03%
	WSO	A	0.07%	0.07%	0.07%
	WTW	B	0.12%	0.08%	0.08%
	WY	D	0.09%	0.04%	0.04%
	XOM	B	2.1%	0.73%	0.73%
	XYL	D	0.12%	0.09%	0.09%
	YUM	B	0.09%	0.28%	0.09%
	ZBH	C	0.09%	0.11%	0.09%
	ZBRA	B	0.06%	0.02%	0.02%
	ZM	B	0.08%	0.18%	0.08%
	ZTS	D	0.06%	0.11%	0.06%

VONV Overweight 472 Positions Relative to GSLC

	Symbol	Grade	Weight
	GS	A	0.48%
	PLD	D	0.42%
	UPS	C	0.39%
	BA	F	0.34%
	APD	A	0.28%
	FCX	D	0.26%
	EMR	A	0.25%
	MRVL	B	0.25%
	NSC	B	0.23%
	NEM	D	0.21%
	CCI	D	0.19%
	XEL	A	0.15%
	BKR	B	0.15%
	DD	D	0.14%
	CSGP	D	0.12%
	SW	A	0.11%
	AWK	D	0.11%
	ROK	B	0.11%
	SBAC	D	0.1%
	SBUX	A	0.1%
	UAL	A	0.1%
	ES	D	0.09%
	SQ	B	0.09%
	MKC	D	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	UTHR	C	0.07%
	MRNA	F	0.07%
	BAX	D	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	MSCI	C	0.07%
	UDR	B	0.06%
	RGA	A	0.06%
	USFD	A	0.06%
	ACM	A	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	APTV	D	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	DOC	D	0.06%
	AMCR	D	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	NVT	B	0.05%
	BMRN	D	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EWBC	A	0.05%
	FFIV	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%
	HRL	D	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	FOXA	B	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AIZ	A	0.04%
	PNW	B	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%
	NWSA	B	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	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%
	IVZ	B	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%
	PARA	C	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	WBA	F	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%
	MOH	F	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	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	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	LW	C	0.03%
	BWA	D	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%
	RL	B	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%
	FMC	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%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	CMA	A	0.03%
	APA	D	0.03%
	MGM	D	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%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	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%
	WTM	A	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	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%
	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%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	BEN	C	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%
	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%
	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%
	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%
	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%
	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%
	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%
	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 69 Positions Relative to GSLC

	Symbol	Grade	Weight
	NVDA	C	-6.37%
	AAPL	C	-6.24%
	MSFT	F	-5.64%
	AMZN	C	-3.38%
	META	D	-2.5%
	GOOGL	C	-1.88%
	LLY	F	-1.15%
	AVGO	D	-1.14%
	MA	C	-0.86%
	COST	B	-0.84%
	TSLA	B	-0.84%
	V	A	-0.83%
	ADBE	C	-0.47%
	NFLX	A	-0.4%
	MRK	F	-0.39%
	MCO	B	-0.33%
	NOW	A	-0.32%
	TEAM	A	-0.3%
	VST	B	-0.29%
	IDXX	F	-0.29%
	ORCL	B	-0.28%
	MANH	D	-0.28%
	DECK	A	-0.26%
	INTU	C	-0.26%
	LRCX	F	-0.24%
	HUBS	A	-0.24%
	CDNS	B	-0.23%
	PINS	D	-0.23%
	COR	B	-0.23%
	GDDY	A	-0.22%
	IT	C	-0.21%
	ISRG	A	-0.2%
	ADSK	A	-0.2%
	LII	A	-0.19%
	CLX	B	-0.18%
	TSCO	D	-0.18%
	PANW	C	-0.18%
	EXPE	B	-0.18%
	ANET	C	-0.17%
	APP	B	-0.17%
	KLAC	D	-0.16%
	SNPS	B	-0.15%
	WM	A	-0.14%
	UBER	D	-0.14%
	TRGP	B	-0.13%
	VRT	B	-0.13%
	ROL	B	-0.13%
	LPLA	A	-0.12%
	PODD	C	-0.11%
	CRWD	B	-0.09%
	VRSK	A	-0.09%
	AXON	A	-0.09%
	BX	A	-0.09%
	ARES	A	-0.08%
	CPAY	A	-0.08%
	CMG	B	-0.07%
	WDAY	B	-0.05%
	STX	D	-0.05%
	BURL	A	-0.05%
	POOL	C	-0.04%
	BAH	F	-0.04%
	MPWR	F	-0.03%
	PLTR	B	-0.03%
	LYV	A	-0.03%
	LVS	C	-0.02%
	AMT	D	-0.02%
	ODFL	B	-0.02%
	DXCM	D	-0.02%
	SMCI	F	-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

GSLC: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Utilities - Regulated Electric Diagnostics & Research Semiconductors Asset Management Banks - Regional - US Specialty Retail Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Medical Devices Software - Infrastructure Specialty Chemicals Aerospace & Defense Credit Services Household & Personal Products Oil & Gas E&P Discount Stores

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Electronics Bank Aerospace Banking Chemical Medicine Semiconductor Insurance Products Telecommunications IBD 50 Cloud Computing Real Estate Investment Trust Work From Home