VONV vs. ILCG ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Morningstar Growth ETF (ILCG)

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

ILCG

iShares Morningstar Growth ETF

ILCG Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap Broad Growth IndexSM composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large- mid capitalization companies that have exhibited above-average “growth” characteristics as determined by Morningstar, Inc. (Morningstar” or the index provider) proprietary index methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$89.27

Average Daily Volume

68,984

Number of Holdings ^*

387

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ILCG
30 Days	3.51%	4.86%
60 Days	4.96%	6.65%
90 Days	7.00%	8.35%
12 Months	29.73%	37.30%

279 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ILCG	Overlap
	A	D	0.15%	0.14%	0.14%
	ACGL	D	0.14%	0.04%	0.04%
	ACM	A	0.06%	0.04%	0.04%
	ACN	C	0.87%	0.12%	0.12%
	ADI	D	0.44%	0.07%	0.07%
	ADP	B	0.03%	0.17%	0.03%
	AFG	A	0.04%	0.02%	0.02%
	AJG	B	0.23%	0.08%	0.08%
	AKAM	D	0.06%	0.02%	0.02%
	ALB	C	0.04%	0.03%	0.03%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	A	0.17%	0.08%	0.08%
	ALLE	D	0.05%	0.03%	0.03%
	ALNY	D	0.02%	0.11%	0.02%
	AMAT	F	0.05%	0.21%	0.05%
	AMD	F	0.32%	0.87%	0.32%
	AME	A	0.17%	0.17%	0.17%
	AMH	D	0.05%	0.05%	0.05%
	AMP	A	0.02%	0.14%	0.02%
	ANSS	B	0.11%	0.11%	0.11%
	AON	A	0.29%	0.08%	0.08%
	AOS	F	0.04%	0.02%	0.02%
	APH	A	0.13%	0.18%	0.13%
	APO	B	0.08%	0.07%	0.07%
	APTV	D	0.06%	0.02%	0.02%
	ARE	D	0.08%	0.02%	0.02%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.06%	0.03%	0.03%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.11%	0.05%	0.05%
	AXP	A	0.38%	0.21%	0.21%
	AZO	C	0.02%	0.2%	0.02%
	BALL	D	0.07%	0.04%	0.04%
	BJ	A	0.04%	0.02%	0.02%
	BKNG	A	0.04%	0.22%	0.04%
	BKR	B	0.15%	0.08%	0.08%
	BLD	D	0.04%	0.03%	0.03%
	BLDR	D	0.07%	0.04%	0.04%
	BMRN	D	0.05%	0.04%	0.04%
	BR	A	0.01%	0.1%	0.01%
	BRKR	D	0.01%	0.02%	0.01%
	BRO	B	0.06%	0.1%	0.06%
	BSX	B	0.49%	0.24%	0.24%
	CARR	D	0.2%	0.14%	0.14%
	CASY	A	0.05%	0.04%	0.04%
	CAT	B	0.63%	0.17%	0.17%
	CBRE	B	0.16%	0.1%	0.1%
	CCK	C	0.04%	0.02%	0.02%
	CDW	F	0.05%	0.09%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CHD	B	0.1%	0.11%	0.1%
	CINF	A	0.09%	0.03%	0.03%
	CL	D	0.14%	0.09%	0.09%
	CLH	B	0.05%	0.05%	0.05%
	CMI	A	0.18%	0.13%	0.13%
	CMS	C	0.08%	0.03%	0.03%
	CNM	D	0.01%	0.03%	0.01%
	COIN	C	0.02%	0.25%	0.02%
	COTY	F	0.01%	0.01%	0.01%
	CPRT	A	0.01%	0.19%	0.01%
	CPT	B	0.05%	0.02%	0.02%
	CRL	C	0.04%	0.02%	0.02%
	CRM	B	0.17%	1.16%	0.17%
	CSGP	D	0.12%	0.11%	0.11%
	CSL	C	0.07%	0.08%	0.07%
	CTAS	B	0.01%	0.29%	0.01%
	CTRA	B	0.07%	0.03%	0.03%
	CTVA	C	0.17%	0.07%	0.07%
	D	C	0.2%	0.08%	0.08%
	DAL	C	0.15%	0.07%	0.07%
	DASH	A	0.03%	0.21%	0.03%
	DAY	B	0.04%	0.04%	0.04%
	DD	D	0.14%	0.06%	0.06%
	DELL	C	0.11%	0.06%	0.06%
	DFS	B	0.15%	0.09%	0.09%
	DIS	B	0.71%	0.23%	0.23%
	DKS	C	0.04%	0.02%	0.02%
	DLR	B	0.23%	0.17%	0.17%
	DLTR	F	0.05%	0.02%	0.02%
	DOV	A	0.1%	0.07%	0.07%
	DOW	F	0.14%	0.05%	0.05%
	DPZ	C	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.04%	0.04%
	EA	A	0.16%	0.11%	0.11%
	EBAY	D	0.12%	0.04%	0.04%
	ECL	D	0.03%	0.13%	0.03%
	EFX	F	0.1%	0.12%	0.1%
	EL	F	0.04%	0.06%	0.04%
	ELS	C	0.05%	0.03%	0.03%
	EME	C	0.05%	0.09%	0.05%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.33%	0.34%	0.33%
	EQR	B	0.11%	0.04%	0.04%
	EQT	B	0.08%	0.06%	0.06%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.32%	0.32%
	EW	C	0.13%	0.16%	0.13%
	EXAS	D	0.03%	0.04%	0.03%
	EXR	D	0.14%	0.05%	0.05%
	FAST	B	0.03%	0.18%	0.03%
	FCNCA	A	0.09%	0.11%	0.09%
	FDS	B	0.04%	0.07%	0.04%
	FFIV	B	0.05%	0.02%	0.02%
	FI	A	0.31%	0.1%	0.1%
	FICO	B	0.03%	0.22%	0.03%
	FND	C	0.03%	0.04%	0.03%
	FSLR	F	0.08%	0.07%	0.07%
	FTNT	C	0.04%	0.23%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	GE	D	0.59%	0.4%	0.4%
	GEHC	F	0.14%	0.06%	0.06%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.33%	0.19%	0.19%
	GGG	B	0.05%	0.06%	0.05%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.04%	0.04%
	GRMN	B	0.12%	0.08%	0.08%
	GWW	B	0.02%	0.2%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HES	B	0.05%	0.16%	0.05%
	HII	D	0.03%	0.02%	0.02%
	HLT	A	0.11%	0.24%	0.11%
	HOOD	B	0.06%	0.07%	0.06%
	HRL	D	0.04%	0.01%	0.01%
	HSY	F	0.09%	0.05%	0.05%
	HUBB	B	0.09%	0.09%	0.09%
	HWM	A	0.15%	0.18%	0.15%
	IBKR	A	0.06%	0.08%	0.06%
	ICE	C	0.35%	0.06%	0.06%
	IEX	B	0.07%	0.07%	0.07%
	ILMN	D	0.09%	0.08%	0.08%
	INCY	C	0.04%	0.02%	0.02%
	INVH	D	0.08%	0.08%	0.08%
	IQV	D	0.13%	0.09%	0.09%
	IR	B	0.15%	0.16%	0.15%
	IRM	D	0.06%	0.07%	0.06%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.04%	0.04%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.17%	0.13%	0.13%
	JKHY	D	0.05%	0.05%	0.05%
	KDP	D	0.15%	0.05%	0.05%
	KEYS	A	0.1%	0.05%	0.05%
	KIM	A	0.06%	0.05%	0.05%
	KKR	A	0.27%	0.11%	0.11%
	KMB	D	0.11%	0.06%	0.06%
	KMX	B	0.04%	0.02%	0.02%
	LDOS	C	0.1%	0.03%	0.03%
	LECO	B	0.03%	0.04%	0.03%
	LIN	D	0.88%	0.15%	0.15%
	LNG	B	0.09%	0.06%	0.06%
	LUV	C	0.07%	0.03%	0.03%
	LW	C	0.03%	0.04%	0.03%
	MAA	B	0.07%	0.03%	0.03%
	MAR	B	0.24%	0.04%	0.04%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.17%	0.17%
	MCHP	D	0.16%	0.06%	0.06%
	MCK	B	0.15%	0.09%	0.09%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.04%	0.04%
	MKL	A	0.06%	0.05%	0.05%
	MLM	B	0.14%	0.14%	0.14%
	MMC	B	0.37%	0.11%	0.11%
	MNST	C	0.03%	0.15%	0.03%
	MOH	F	0.03%	0.04%	0.03%
	MRNA	F	0.07%	0.02%	0.02%
	MRVL	B	0.25%	0.3%	0.25%
	MSCI	C	0.07%	0.18%	0.07%
	MSI	B	0.16%	0.1%	0.1%
	MSTR	C	0.14%	0.18%	0.14%
	MTD	D	0.11%	0.1%	0.1%
	NDAQ	A	0.12%	0.05%	0.05%
	NDSN	B	0.06%	0.05%	0.05%
	NEM	D	0.21%	0.11%	0.11%
	NKE	D	0.14%	0.08%	0.08%
	NRG	B	0.04%	0.03%	0.03%
	NTAP	C	0.05%	0.05%	0.05%
	NTNX	A	0.04%	0.06%	0.04%
	NVT	B	0.05%	0.05%	0.05%
	O	D	0.21%	0.06%	0.06%
	OKTA	C	0.03%	0.05%	0.03%
	ON	D	0.12%	0.04%	0.04%
	ORLY	B	0.02%	0.07%	0.02%
	OTIS	C	0.16%	0.09%	0.09%
	PAYC	B	0.02%	0.04%	0.02%
	PAYX	C	0.11%	0.18%	0.11%
	PCG	A	0.17%	0.07%	0.07%
	PFGC	B	0.04%	0.05%	0.04%
	PGR	A	0.09%	0.31%	0.09%
	PH	A	0.32%	0.15%	0.15%
	PHM	D	0.11%	0.04%	0.04%
	PLD	D	0.42%	0.11%	0.11%
	PNR	A	0.07%	0.05%	0.05%
	PPG	F	0.12%	0.04%	0.04%
	PSA	D	0.18%	0.1%	0.1%
	PSTG	D	0.01%	0.06%	0.01%
	PTC	A	0.03%	0.09%	0.03%
	PWR	A	0.12%	0.19%	0.12%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.15%	0.13%
	REG	B	0.05%	0.02%	0.02%
	RJF	A	0.11%	0.07%	0.07%
	RMD	C	0.1%	0.14%	0.1%
	ROK	B	0.11%	0.12%	0.11%
	ROP	B	0.23%	0.1%	0.1%
	ROST	C	0.14%	0.18%	0.14%
	RPM	A	0.05%	0.04%	0.04%
	RRX	B	0.04%	0.02%	0.02%
	RSG	A	0.16%	0.05%	0.05%
	RVTY	F	0.06%	0.02%	0.02%
	SAIA	B	0.02%	0.05%	0.02%
	SBAC	D	0.1%	0.09%	0.09%
	SBUX	A	0.1%	0.15%	0.1%
	SCI	B	0.05%	0.03%	0.03%
	SHW	A	0.03%	0.11%	0.03%
	SLB	C	0.23%	0.04%	0.04%
	SNA	A	0.07%	0.02%	0.02%
	SPGI	C	0.6%	0.26%	0.26%
	SQ	B	0.09%	0.2%	0.09%
	STE	F	0.09%	0.08%	0.08%
	STZ	D	0.15%	0.08%	0.08%
	SUI	D	0.07%	0.06%	0.06%
	SWK	D	0.06%	0.02%	0.02%
	SYK	C	0.36%	0.21%	0.21%
	SYY	B	0.06%	0.14%	0.06%
	TDG	D	0.23%	0.27%	0.23%
	TDY	B	0.08%	0.05%	0.05%
	TECH	D	0.05%	0.04%	0.04%
	TER	D	0.01%	0.03%	0.01%
	TFX	F	0.04%	0.01%	0.01%
	TJX	A	0.21%	0.14%	0.14%
	TMO	F	0.84%	0.11%	0.11%
	TMUS	B	0.43%	0.09%	0.09%
	TOL	B	0.06%	0.02%	0.02%
	TRMB	B	0.06%	0.04%	0.04%
	TRU	D	0.07%	0.07%	0.07%
	TRV	B	0.22%	0.1%	0.1%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.22%	0.19%	0.19%
	TTEK	F	0.04%	0.04%	0.04%
	TTWO	A	0.11%	0.12%	0.11%
	TW	A	0.04%	0.06%	0.04%
	TWLO	A	0.04%	0.06%	0.04%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.02%	0.1%	0.02%
	U	C	0.01%	0.02%	0.01%
	UDR	B	0.06%	0.03%	0.03%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.02%	0.0%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	0.28%	0.28%
	URI	B	0.16%	0.1%	0.1%
	USFD	A	0.06%	0.03%	0.03%
	VLTO	D	0.06%	0.06%	0.06%
	VMC	B	0.11%	0.14%	0.11%
	VRSN	F	0.06%	0.06%	0.06%
	VRTX	F	0.25%	0.2%	0.2%
	VTR	C	0.11%	0.03%	0.03%
	WAB	B	0.13%	0.13%	0.13%
	WAT	B	0.03%	0.05%	0.03%
	WELL	A	0.33%	0.12%	0.12%
	WLK	D	0.02%	0.01%	0.01%
	WMS	D	0.03%	0.04%	0.03%
	WRB	A	0.07%	0.04%	0.04%
	WSM	B	0.03%	0.04%	0.03%
	WSO	A	0.07%	0.07%	0.07%
	WST	C	0.04%	0.09%	0.04%
	WTRG	B	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.06%	0.06%
	WYNN	D	0.04%	0.03%	0.03%
	XYL	D	0.12%	0.11%	0.11%
	YUM	B	0.09%	0.14%	0.09%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.06%	0.06%
	ZTS	D	0.06%	0.14%	0.06%

VONV Overweight 565 Positions Relative to ILCG

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	JPM	A	2.55%
	XOM	B	2.1%
	JNJ	D	1.54%
	WMT	A	1.42%
	PG	A	1.21%
	BAC	A	1.14%
	CVX	A	1.03%
	WFC	A	0.91%
	CSCO	B	0.89%
	PM	B	0.83%
	ABBV	D	0.82%
	ABT	B	0.78%
	IBM	C	0.76%
	VZ	C	0.71%
	CMCSA	B	0.67%
	T	A	0.65%
	TXN	C	0.65%
	NEE	D	0.65%
	PFE	D	0.64%
	RTX	C	0.64%
	DHR	F	0.63%
	LOW	D	0.6%
	BLK	C	0.58%
	MS	A	0.51%
	COP	C	0.51%
	C	A	0.49%
	GS	A	0.48%
	CB	C	0.46%
	MDT	D	0.46%
	BMY	B	0.45%
	HON	B	0.45%
	MU	D	0.44%
	GILD	C	0.44%
	KO	D	0.43%
	DE	A	0.41%
	SO	D	0.4%
	UPS	C	0.39%
	SCHW	B	0.38%
	MDLZ	F	0.37%
	INTC	D	0.37%
	MO	A	0.37%
	DUK	C	0.36%
	BA	F	0.34%
	HD	A	0.32%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	CI	F	0.32%
	REGN	F	0.32%
	CME	A	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%
	CEG	D	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	BDX	F	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	COF	B	0.25%
	EMR	A	0.25%
	FDX	B	0.25%
	WMB	A	0.25%
	OKE	A	0.23%
	NSC	B	0.23%
	GM	B	0.23%
	TFC	A	0.23%
	MMM	D	0.23%
	AFL	B	0.23%
	BK	A	0.22%
	MPC	D	0.21%
	AEP	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	AIG	B	0.2%
	DHI	D	0.2%
	FIS	C	0.2%
	PSX	C	0.2%
	HCA	F	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	PEP	F	0.19%
	ITW	B	0.19%
	KVUE	A	0.18%
	PRU	A	0.18%
	PEG	A	0.18%
	MET	A	0.18%
	VLO	C	0.17%
	EXC	C	0.16%
	F	C	0.16%
	LEN	D	0.16%
	SPG	B	0.16%
	GLW	B	0.15%
	KR	B	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	AMGN	D	0.15%
	GIS	D	0.15%
	NUE	C	0.14%
	ED	D	0.14%
	EIX	B	0.13%
	HIG	B	0.13%
	MTB	A	0.13%
	CNC	D	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	KHC	F	0.12%
	FITB	A	0.12%
	WEC	A	0.12%
	CHTR	C	0.12%
	HUM	C	0.12%
	ADM	D	0.11%
	HPQ	B	0.11%
	SW	A	0.11%
	STT	A	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	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%
	WDC	D	0.09%
	SYF	B	0.09%
	RF	A	0.09%
	CCL	B	0.09%
	HBAN	A	0.09%
	CBOE	B	0.09%
	LYB	F	0.09%
	WY	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	PFG	D	0.08%
	CFG	B	0.08%
	LH	C	0.08%
	IP	B	0.08%
	STLD	B	0.08%
	BBY	D	0.08%
	OMC	C	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	NTRS	A	0.08%
	PKG	A	0.08%
	ATO	A	0.08%
	K	A	0.08%
	UTHR	C	0.07%
	RS	B	0.07%
	DGX	A	0.07%
	CVNA	B	0.07%
	DG	F	0.07%
	BAX	D	0.07%
	HOLX	D	0.07%
	CNP	B	0.07%
	VTRS	A	0.06%
	CAG	D	0.06%
	RGA	A	0.06%
	SWKS	F	0.06%
	EXPD	D	0.06%
	L	A	0.06%
	THC	D	0.06%
	CF	B	0.06%
	SSNC	B	0.06%
	OC	A	0.06%
	LNT	A	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	FNF	B	0.06%
	DOC	D	0.06%
	NI	A	0.06%
	KEY	B	0.06%
	AMCR	D	0.06%
	QCOM	F	0.05%
	FTI	A	0.05%
	ITT	A	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	CHRW	C	0.05%
	HST	C	0.05%
	WPC	D	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	EG	C	0.05%
	GLPI	C	0.05%
	CW	B	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	FOXA	B	0.04%
	SOFI	A	0.04%
	CNH	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	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%
	FBIN	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	OHI	C	0.04%
	RPRX	D	0.04%
	CTLT	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	CAH	B	0.04%
	TPR	B	0.04%
	CG	A	0.04%
	IPG	D	0.04%
	ATR	B	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	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%
	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%
	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%
	MIDD	C	0.03%
	SSD	D	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%
	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%
	BWA	D	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%
	GWRE	A	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%
	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%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	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%
	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%
	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%
	LEN	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%
	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%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	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%
	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%
	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 110 Positions Relative to ILCG

	Symbol	Grade	Weight
	NVDA	C	-13.45%
	MSFT	F	-11.98%
	AMZN	C	-7.48%
	AAPL	C	-6.31%
	TSLA	B	-3.71%
	META	D	-2.69%
	LLY	F	-2.38%
	GOOGL	C	-2.07%
	V	A	-2.01%
	GOOG	C	-1.86%
	MA	C	-1.64%
	AVGO	D	-1.63%
	NFLX	A	-1.44%
	ADBE	C	-0.85%
	NOW	A	-0.81%
	COST	B	-0.74%
	ISRG	A	-0.73%
	INTU	C	-0.7%
	UBER	D	-0.54%
	PANW	C	-0.48%
	PLTR	B	-0.48%
	ANET	C	-0.37%
	MELI	D	-0.36%
	MRK	F	-0.34%
	ORCL	B	-0.33%
	SNPS	B	-0.32%
	CMG	B	-0.31%
	CRWD	B	-0.31%
	CDNS	B	-0.31%
	APP	B	-0.26%
	ADSK	A	-0.25%
	BX	A	-0.24%
	ABNB	C	-0.22%
	TTD	B	-0.21%
	WDAY	B	-0.21%
	VRT	B	-0.2%
	AXON	A	-0.17%
	VRSK	A	-0.16%
	MCO	B	-0.16%
	SNOW	C	-0.16%
	TEAM	A	-0.15%
	DDOG	A	-0.15%
	IT	C	-0.15%
	ODFL	B	-0.15%
	LRCX	F	-0.14%
	LULU	C	-0.13%
	IDXX	F	-0.13%
	HUBS	A	-0.13%
	VEEV	C	-0.12%
	VST	B	-0.12%
	ARES	A	-0.12%
	KLAC	D	-0.12%
	MPWR	F	-0.11%
	DECK	A	-0.11%
	RBLX	C	-0.11%
	TPL	A	-0.11%
	NET	B	-0.11%
	DXCM	D	-0.11%
	GDDY	A	-0.1%
	COR	B	-0.09%
	WM	A	-0.09%
	LPLA	A	-0.09%
	TEL	B	-0.09%
	NTRA	B	-0.08%
	LII	A	-0.08%
	LYV	A	-0.08%
	LVS	C	-0.08%
	MDB	C	-0.08%
	TSCO	D	-0.08%
	FIX	A	-0.07%
	FWONK	B	-0.07%
	BURL	A	-0.07%
	PODD	C	-0.07%
	TRGP	B	-0.07%
	ZS	C	-0.07%
	CPNG	D	-0.07%
	CPAY	A	-0.07%
	ROL	B	-0.06%
	DOCU	A	-0.06%
	HEI	B	-0.06%
	MANH	D	-0.06%
	NBIX	C	-0.05%
	CLX	B	-0.05%
	BAH	F	-0.05%
	SMCI	F	-0.05%
	COO	D	-0.05%
	DT	C	-0.05%
	ENTG	D	-0.04%
	SRPT	D	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	PINS	D	-0.04%
	ERIE	D	-0.04%
	XPO	B	-0.04%
	DKNG	B	-0.04%
	SNAP	C	-0.04%
	EXPE	B	-0.04%
	HEI	B	-0.04%
	POOL	C	-0.03%
	AZPN	A	-0.03%
	MEDP	D	-0.03%
	ENPH	F	-0.03%
	MORN	B	-0.03%
	CELH	F	-0.02%
	FLEX	A	-0.02%
	PCOR	B	-0.02%
	BSY	D	-0.02%
	FWONA	B	-0.01%
	ALAB	B	-0.01%
	DVA	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

ILCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Specialty Retail REIT - Residential Semiconductors Software - Infrastructure Biotechnology Capital Markets Specialty Chemicals Engineering & Construction Insurance - Property & Casualty Internet Content & Information Restaurants Household & Personal Products Insurance Brokers Medical Devices Medical Instruments & Supplies Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Electronics Aerospace Cloud Computing IBD 50 Insurance Real Estate Investment Trust Semiconductor Chemical Dow Jones Component Mining Mobile Devices Beverage Cloud Infrastructure Natural Gas Software As A Service Medicine Software