VONV vs. IQSU ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to IQ Candriam ESG US Equity ETF (IQSU)

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

$82.96

Average Daily Volume

315,387

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

IQSU

IQ Candriam ESG US Equity ETF

IQSU Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the IQ Candriam ESG US Equity Index. The Advisor employs a passive management - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

Grade (RS Rating)

Last Trade

$47.66

Average Daily Volume

10,687

Number of Holdings ^*

291

* may have additional holdings in another (foreign) market

Performance

Period	VONV	IQSU
30 Days	3.34%	2.17%
60 Days	5.15%	3.29%
90 Days	8.13%	5.20%
12 Months	22.95%	25.21%

242 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in IQSU	Overlap
	ACGL	C	0.16%	0.16%	0.16%
	ACN	C	0.86%	0.73%	0.73%
	ADI	C	0.47%	0.37%	0.37%
	ADP	B	0.03%	0.38%	0.03%
	AFL	C	0.25%	0.22%	0.22%
	AGR	B	0.01%	0.01%	0.01%
	AIG	D	0.21%	0.19%	0.19%
	AJG	D	0.24%	0.25%	0.24%
	AKAM	D	0.06%	0.05%	0.05%
	ALB	D	0.04%	0.04%	0.04%
	ALL	B	0.17%	0.19%	0.17%
	ALNY	C	0.01%	0.13%	0.01%
	AMAT	D	0.05%	0.59%	0.05%
	AMD	D	0.33%	0.76%	0.33%
	AMP	A	0.02%	0.17%	0.02%
	ANSS	D	0.11%	0.09%	0.09%
	AOS	D	0.04%	0.04%	0.04%
	APD	B	0.25%	0.24%	0.24%
	APO	C	0.06%	0.17%	0.06%
	APTV	D	0.08%	0.07%	0.07%
	ARE	C	0.08%	0.07%	0.07%
	AVB	B	0.13%	0.13%	0.13%
	AVTR	B	0.07%	0.07%	0.07%
	AWK	B	0.11%	0.11%	0.11%
	AXP	B	0.37%	0.56%	0.37%
	AZO	D	0.02%	0.21%	0.02%
	BAC	D	1.11%	1.08%	1.08%
	BALL	C	0.08%	0.08%	0.08%
	BBY	C	0.09%	0.07%	0.07%
	BEN	F	0.02%	0.02%	0.02%
	BIIB	F	0.12%	0.11%	0.11%
	BK	B	0.2%	0.2%	0.2%
	BKR	C	0.14%	0.13%	0.13%
	BMRN	F	0.07%	0.06%	0.06%
	BMY	C	0.41%	0.4%	0.4%
	BR	D	0.01%	0.08%	0.01%
	C	D	0.48%	0.43%	0.43%
	CAG	C	0.06%	0.06%	0.06%
	CAH	C	0.04%	0.11%	0.04%
	CARR	B	0.2%	0.23%	0.2%
	CBOE	C	0.09%	0.09%	0.09%
	CBRE	A	0.14%	0.14%	0.14%
	CCI	C	0.2%	0.2%	0.2%
	CDW	D	0.06%	0.1%	0.06%
	CFG	C	0.08%	0.07%	0.07%
	CHD	D	0.1%	0.1%	0.1%
	CHTR	D	0.13%	0.12%	0.12%
	CI	C	0.37%	0.42%	0.37%
	CINF	C	0.08%	0.08%	0.08%
	CL	D	0.16%	0.35%	0.16%
	CMCSA	D	0.62%	0.62%	0.62%
	COF	B	0.22%	0.21%	0.21%
	CPB	C	0.04%	0.04%	0.04%
	CRM	D	0.14%	0.77%	0.14%
	CSCO	C	0.82%	0.66%	0.66%
	CTAS	B	0.01%	0.28%	0.01%
	CTSH	C	0.16%	0.13%	0.13%
	DASH	C	0.02%	0.15%	0.02%
	DD	B	0.14%	0.12%	0.12%
	DELL	D	0.1%	0.11%	0.1%
	DFS	C	0.14%	0.13%	0.13%
	DG	F	0.07%	0.07%	0.07%
	DGX	B	0.07%	0.07%	0.07%
	DIS	D	0.67%	0.64%	0.64%
	DLR	B	0.2%	0.19%	0.19%
	DLTR	F	0.07%	0.05%	0.05%
	DOC	C	0.06%	0.06%	0.06%
	DOV	B	0.1%	0.1%	0.1%
	DOX	C	0.04%	0.03%	0.03%
	EA	D	0.16%	0.13%	0.13%
	EBAY	B	0.12%	0.12%	0.12%
	ECL	B	0.03%	0.25%	0.03%
	ED	C	0.14%	0.14%	0.14%
	EFX	B	0.12%	0.14%	0.12%
	EG	C	0.06%	0.05%	0.05%
	EL	F	0.05%	0.07%	0.05%
	ELV	C	0.44%	0.51%	0.44%
	EMR	D	0.24%	0.19%	0.19%
	EPAM	F	0.04%	0.04%	0.04%
	EQIX	C	0.3%	0.32%	0.3%
	EQR	B	0.11%	0.1%	0.1%
	ES	C	0.1%	0.09%	0.09%
	ESS	B	0.08%	0.08%	0.08%
	EW	F	0.14%	0.16%	0.14%
	EXC	C	0.15%	0.15%	0.15%
	EXPD	C	0.06%	0.07%	0.06%
	EXR	B	0.15%	0.15%	0.15%
	FAST	C	0.02%	0.16%	0.02%
	FCX	D	0.25%	0.23%	0.23%
	FDX	C	0.27%	0.25%	0.25%
	FICO	B	0.03%	0.15%	0.03%
	FIS	B	0.19%	0.16%	0.16%
	FITB	B	0.12%	0.11%	0.11%
	FTNT	C	0.04%	0.15%	0.04%
	FTV	C	0.1%	0.08%	0.08%
	GE	B	0.6%	0.72%	0.6%
	GILD	B	0.4%	0.4%	0.4%
	GIS	B	0.16%	0.17%	0.16%
	GPN	D	0.11%	0.11%	0.11%
	GWW	B	0.02%	0.15%	0.02%
	HAL	F	0.11%	0.1%	0.1%
	HBAN	B	0.09%	0.08%	0.08%
	HD	B	0.3%	1.48%	0.3%
	HIG	B	0.14%	0.14%	0.14%
	HLT	B	0.11%	0.21%	0.11%
	HOLX	C	0.08%	0.07%	0.07%
	HPE	D	0.1%	0.07%	0.07%
	HPQ	D	0.11%	0.11%	0.11%
	HRL	C	0.04%	0.04%	0.04%
	HST	C	0.05%	0.05%	0.05%
	HSY	C	0.1%	0.12%	0.1%
	HUM	F	0.17%	0.16%	0.16%
	IBM	B	0.74%	0.62%	0.62%
	ICE	C	0.37%	0.36%	0.36%
	IFF	B	0.11%	0.1%	0.1%
	INCY	C	0.05%	0.05%	0.05%
	INTC	F	0.38%	0.26%	0.26%
	INVH	C	0.09%	0.08%	0.08%
	IR	C	0.15%	0.14%	0.14%
	IRM	C	0.06%	0.13%	0.06%
	ITW	C	0.19%	0.3%	0.19%
	JBHT	D	0.06%	0.05%	0.05%
	JCI	B	0.17%	0.19%	0.17%
	K	B	0.08%	0.08%	0.08%
	KDP	B	0.16%	0.13%	0.13%
	KEY	B	0.06%	0.06%	0.06%
	KEYS	C	0.11%	0.09%	0.09%
	KHC	C	0.13%	0.11%	0.11%
	KKR	B	0.24%	0.31%	0.24%
	KMB	D	0.11%	0.19%	0.11%
	KMI	B	0.17%	0.16%	0.16%
	KMX	D	0.05%	0.05%	0.05%
	KR	C	0.14%	0.15%	0.14%
	KVUE	C	0.17%	0.16%	0.16%
	LIN	B	0.92%	0.9%	0.9%
	LKQ	F	0.04%	0.04%	0.04%
	LNG	C	0.08%	0.16%	0.08%
	LOW	B	0.57%	0.56%	0.56%
	LYB	D	0.1%	0.09%	0.09%
	MAA	B	0.08%	0.07%	0.07%
	MAR	C	0.22%	0.23%	0.22%
	MAS	B	0.07%	0.07%	0.07%
	MDLZ	B	0.39%	0.4%	0.39%
	MET	B	0.19%	0.18%	0.18%
	MKC	C	0.08%	0.08%	0.08%
	MLM	D	0.12%	0.12%	0.12%
	MMC	C	0.39%	0.45%	0.39%
	MMM	B	0.24%	0.28%	0.24%
	MPC	F	0.25%	0.23%	0.23%
	MRVL	C	0.24%	0.2%	0.2%
	MS	D	0.45%	0.49%	0.45%
	MSCI	C	0.08%	0.14%	0.08%
	MSI	B	0.15%	0.24%	0.15%
	MTB	B	0.11%	0.11%	0.11%
	MTD	D	0.12%	0.12%	0.12%
	MU	F	0.43%	0.31%	0.31%
	NDAQ	A	0.12%	0.1%	0.1%
	NEE	C	0.66%	0.66%	0.66%
	NEM	B	0.25%	0.23%	0.23%
	NKE	D	0.15%	0.38%	0.15%
	NTAP	D	0.06%	0.08%	0.06%
	NTRS	A	0.07%	0.07%	0.07%
	NUE	F	0.15%	0.13%	0.13%
	NVR	B	0.11%	0.11%	0.11%
	OKE	B	0.22%	0.21%	0.21%
	OKTA	F	0.03%	0.04%	0.03%
	OMC	B	0.08%	0.08%	0.08%
	ON	D	0.13%	0.1%	0.1%
	OTIS	C	0.15%	0.15%	0.15%
	PAYX	C	0.11%	0.14%	0.11%
	PCG	C	0.17%	0.16%	0.16%
	PEG	C	0.16%	0.16%	0.16%
	PEP	C	0.2%	0.97%	0.2%
	PFG	B	0.08%	0.07%	0.07%
	PG	C	1.26%	1.66%	1.26%
	PGR	B	0.09%	0.58%	0.09%
	PH	B	0.31%	0.25%	0.25%
	PKG	B	0.07%	0.07%	0.07%
	PLD	C	0.47%	0.48%	0.47%
	PNC	B	0.29%	0.28%	0.28%
	PPG	D	0.12%	0.12%	0.12%
	PRU	C	0.17%	0.17%	0.17%
	PSA	B	0.18%	0.22%	0.18%
	PWR	B	0.11%	0.14%	0.11%
	PYPL	B	0.3%	0.3%	0.3%
	QCOM	D	0.05%	0.6%	0.05%
	RCL	B	0.1%	0.14%	0.1%
	RF	B	0.09%	0.08%	0.08%
	RJF	C	0.09%	0.09%	0.09%
	RMD	C	0.1%	0.14%	0.1%
	ROK	D	0.11%	0.12%	0.11%
	ROP	C	0.24%	0.2%	0.2%
	RPRX	C	0.05%	0.04%	0.04%
	SBAC	C	0.1%	0.1%	0.1%
	SBUX	C	0.1%	0.42%	0.1%
	SHW	B	0.03%	0.35%	0.03%
	SJM	C	0.05%	0.05%	0.05%
	SLB	F	0.25%	0.22%	0.22%
	SPG	B	0.16%	0.21%	0.16%
	SPGI	B	0.64%	0.65%	0.64%
	SRE	C	0.21%	0.2%	0.2%
	SSNC	B	0.06%	0.05%	0.05%
	STE	C	0.1%	0.1%	0.1%
	SWKS	D	0.07%	0.05%	0.05%
	SYF	C	0.08%	0.07%	0.07%
	SYY	D	0.06%	0.16%	0.06%
	TER	D	0.01%	0.06%	0.01%
	TFC	C	0.24%	0.22%	0.22%
	TGT	C	0.29%	0.27%	0.27%
	TJX	B	0.22%	0.54%	0.22%
	TRMB	C	0.06%	0.04%	0.04%
	TRU	B	0.07%	0.07%	0.07%
	TRV	C	0.21%	0.22%	0.21%
	TT	B	0.22%	0.31%	0.22%
	TTWO	C	0.11%	0.09%	0.09%
	TXN	C	0.69%	0.6%	0.6%
	ULTA	D	0.01%	0.07%	0.01%
	UNH	C	2.03%	2.21%	2.03%
	UPS	D	0.38%	0.37%	0.37%
	URI	B	0.15%	0.19%	0.15%
	USB	B	0.3%	0.26%	0.26%
	VLO	F	0.19%	0.18%	0.18%
	VMC	D	0.1%	0.12%	0.1%
	VRSN	D	0.06%	0.05%	0.05%
	VRTX	D	0.26%	0.48%	0.26%
	VTR	C	0.1%	0.1%	0.1%
	VTRS	D	0.06%	0.05%	0.05%
	WAB	A	0.12%	0.12%	0.12%
	WAT	C	0.03%	0.08%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	D	0.08%	0.06%	0.06%
	WDC	D	0.09%	0.07%	0.07%
	WELL	C	0.29%	0.3%	0.29%
	WMB	B	0.22%	0.22%	0.22%
	WST	D	0.04%	0.09%	0.04%
	WTW	C	0.12%	0.12%	0.12%
	WY	C	0.09%	0.09%	0.09%
	XYL	D	0.13%	0.12%	0.12%
	YUM	D	0.09%	0.15%	0.09%
	ZBH	F	0.09%	0.09%	0.09%
	ZBRA	B	0.06%	0.06%	0.06%
	ZTS	C	0.06%	0.35%	0.06%

VONV Overweight 597 Positions Relative to IQSU

	Symbol	Grade	Weight
	BRK.A	C	3.5%
	JPM	D	2.59%
	XOM	C	2.12%
	JNJ	C	1.61%
	WMT	C	1.35%
	CVX	D	1.02%
	TMO	B	0.94%
	WFC	D	0.82%
	ABT	C	0.79%
	ABBV	C	0.79%
	MCD	B	0.78%
	PM	C	0.77%
	DHR	B	0.72%
	VZ	B	0.71%
	RTX	C	0.66%
	PFE	C	0.66%
	CAT	B	0.6%
	T	C	0.57%
	COP	D	0.54%
	BLK	B	0.53%
	ETN	C	0.49%
	BSX	B	0.48%
	KO	C	0.48%
	GS	C	0.47%
	MDT	C	0.47%
	REGN	C	0.46%
	HON	D	0.46%
	CB	B	0.46%
	TMUS	C	0.39%
	DE	B	0.39%
	SO	B	0.38%
	SYK	C	0.37%
	MO	C	0.37%
	SCHW	D	0.35%
	DUK	C	0.35%
	BA	F	0.34%
	UNP	C	0.33%
	GD	B	0.33%
	LMT	C	0.33%
	EOG	D	0.3%
	CVS	D	0.29%
	NOC	B	0.29%
	BDX	D	0.28%
	CSX	D	0.27%
	AON	B	0.27%
	PSX	F	0.24%
	TDG	B	0.24%
	GM	C	0.23%
	HCA	B	0.23%
	NSC	C	0.23%
	GEV	B	0.22%
	DHI	B	0.22%
	CEG	C	0.21%
	AEP	C	0.21%
	O	C	0.21%
	PCAR	D	0.2%
	D	C	0.19%
	F	F	0.18%
	LEN	B	0.18%
	LHX	C	0.18%
	A	C	0.17%
	MCK	F	0.17%
	CNC	D	0.17%
	CMI	C	0.17%
	RSG	D	0.17%
	MCHP	F	0.17%
	AME	C	0.16%
	AMGN	B	0.16%
	CTVA	B	0.16%
	IQV	C	0.16%
	HWM	B	0.15%
	DOW	D	0.15%
	OXY	F	0.15%
	ROST	C	0.15%
	STZ	D	0.15%
	XEL	B	0.14%
	FANG	D	0.14%
	VICI	C	0.14%
	CSGP	D	0.13%
	GLW	C	0.13%
	GEHC	C	0.13%
	EIX	C	0.13%
	APH	D	0.13%
	WEC	C	0.12%
	ADM	D	0.12%
	STT	B	0.11%
	DAL	C	0.11%
	PHM	B	0.11%
	DVN	F	0.11%
	GRMN	D	0.11%
	FSLR	C	0.1%
	FCNCA	D	0.1%
	MRNA	F	0.1%
	FE	C	0.1%
	ETR	B	0.1%
	DTE	C	0.1%
	SQ	D	0.09%
	LDOS	B	0.09%
	HUBB	B	0.09%
	AEE	C	0.09%
	TROW	D	0.09%
	PPL	C	0.09%
	J	C	0.08%
	BLDR	C	0.08%
	BAX	C	0.08%
	MSTR	D	0.08%
	ATO	B	0.08%
	GPC	D	0.08%
	CMS	C	0.08%
	TDY	B	0.08%
	ILMN	C	0.08%
	RS	D	0.07%
	MRO	D	0.07%
	WSO	C	0.07%
	AMCR	B	0.07%
	CCL	C	0.07%
	SUI	B	0.07%
	IP	B	0.07%
	ZM	C	0.07%
	LUV	C	0.07%
	CNP	C	0.07%
	TXT	D	0.07%
	CSL	B	0.07%
	STLD	F	0.07%
	CTRA	F	0.07%
	TSN	C	0.07%
	EQT	D	0.07%
	WRB	C	0.07%
	UHS	B	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	BG	D	0.06%
	UAL	C	0.06%
	RGA	C	0.06%
	NDSN	C	0.06%
	OC	D	0.06%
	UDR	C	0.06%
	PNR	B	0.06%
	SNA	C	0.06%
	NI	B	0.06%
	L	C	0.06%
	TOL	B	0.06%
	LNT	B	0.06%
	VLTO	C	0.06%
	FNF	B	0.06%
	KIM	C	0.06%
	CF	C	0.06%
	IEX	D	0.06%
	MKL	C	0.06%
	SWK	B	0.06%
	RBA	B	0.06%
	UTHR	C	0.06%
	THC	A	0.06%
	NVT	D	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%
	TFX	C	0.05%
	EWBC	D	0.05%
	CUBE	C	0.05%
	RIVN	F	0.05%
	JBL	D	0.05%
	BXP	B	0.05%
	FFIV	B	0.05%
	CHRW	B	0.05%
	EMN	B	0.05%
	CW	B	0.05%
	ALLE	B	0.05%
	SW	B	0.05%
	AES	C	0.05%
	DKS	D	0.05%
	IPG	C	0.05%
	JNPR	B	0.05%
	JKHY	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	WPC	C	0.05%
	EVRG	B	0.05%
	RNR	C	0.05%
	REG	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%
	HES	F	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%
	MKTX	C	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%
	MOS	F	0.04%
	MGM	F	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	DPZ	F	0.04%
	TPR	C	0.04%
	TAP	D	0.04%
	FRT	C	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	GL	C	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%
	AFRM	C	0.04%
	CRL	F	0.04%
	QGEN	C	0.04%
	ATR	B	0.04%
	AIZ	B	0.04%
	ALLY	F	0.04%
	COHR	C	0.04%
	APA	F	0.04%
	CVNA	B	0.04%
	FDS	C	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	UNM	B	0.04%
	NRG	C	0.04%
	CACI	B	0.04%
	NWSA	D	0.04%
	CE	F	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	CTLT	B	0.04%
	EME	B	0.04%
	AVY	C	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	B	0.04%
	HII	D	0.04%
	IVZ	B	0.03%
	R	A	0.03%
	GME	F	0.03%
	PARA	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	AAL	D	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	BIO	C	0.03%
	FLS	D	0.03%
	CGNX	F	0.03%
	BPOP	C	0.03%
	Z	B	0.03%
	LEA	F	0.03%
	RL	C	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%
	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%
	BBWI	F	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	C	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	D	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	GNTX	F	0.03%
	WYNN	D	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%
	DAY	D	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%
	BWA	D	0.03%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	D	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%
	FMC	C	0.03%
	AA	D	0.03%
	TKO	B	0.03%
	APG	D	0.03%
	WBS	D	0.03%
	CZR	C	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%
	MHK	C	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	F	0.02%
	BILL	D	0.02%
	KRC	C	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%
	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%
	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	C	0.02%
	LW	D	0.02%
	MTSI	D	0.02%
	MTDR	F	0.02%
	STWD	A	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%
	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%
	ETSY	F	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%
	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%
	NWS	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%
	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%
	HAS	B	0.0%
	UA	D	0.0%
	WOLF	F	0.0%
	EXEL	C	0.0%
	DV	F	0.0%

VONV Underweight 49 Positions Relative to IQSU

	Symbol	Grade	Weight
	AAPL	C	-9.94%
	MSFT	C	-8.69%
	NVDA	D	-5.8%
	TSLA	C	-2.47%
	GOOGL	D	-2.26%
	GOOG	D	-1.88%
	V	C	-1.79%
	MA	B	-1.62%
	COST	B	-1.57%
	MRK	D	-1.16%
	ADBE	F	-0.87%
	NOW	B	-0.58%
	INTU	C	-0.57%
	AMT	C	-0.45%
	BX	B	-0.4%
	LRCX	F	-0.38%
	PANW	D	-0.37%
	MELI	B	-0.36%
	KLAC	D	-0.33%
	WM	D	-0.33%
	CME	C	-0.31%
	MCO	B	-0.3%
	CMG	C	-0.29%
	CDNS	D	-0.23%
	SNPS	F	-0.23%
	ABNB	D	-0.2%
	WDAY	D	-0.18%
	CRWD	D	-0.18%
	ADSK	C	-0.18%
	IDXX	C	-0.16%
	TEL	D	-0.15%
	IT	B	-0.13%
	VRSK	D	-0.13%
	SNOW	F	-0.12%
	TSCO	C	-0.12%
	VEEV	C	-0.11%
	LULU	D	-0.11%
	DXCM	F	-0.1%
	HUBS	D	-0.08%
	CLX	C	-0.08%
	TEAM	D	-0.08%
	CPAY	B	-0.08%
	STX	C	-0.07%
	MDB	D	-0.07%
	PINS	F	-0.06%
	ZS	F	-0.05%
	ENPH	D	-0.05%
	YUMC	D	-0.05%
	SNAP	F	-0.03%

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

IQSU: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diversified Industrials Banks - Regional - US Semiconductors Packaged Foods Specialty Chemicals Asset Management Credit Services Household & Personal Products Software - Infrastructure Information Technology Services Specialty Retail Biotechnology Capital Markets Diagnostics & Research Internet Content & Information REIT - Residential Semiconductor Equipment & Materials Utilities - Regulated Electric

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Bank Dow Jones Component Banking Electronics Real Estate Investment Trust Semiconductor Investment Bank Chemical Disability Insurance Products Integrated Circuits Mobile Devices Telecommunications Work From Home Cloud Computing