VONV vs. IWF ETF Comparison

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

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

$83.18

Average Daily Volume

320,945

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index 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. It seeks to track the investment results of the Russell 1000 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$374.75

Average Daily Volume

1,181,150

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	VONV	IWF
30 Days	2.59%	6.09%
60 Days	9.45%	13.04%
90 Days	9.65%	-0.71%
12 Months	30.42%	40.95%

250 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in IWF	Overlap
	AAL	D	0.03%	0.0%	0.0%
	ABBV	C	0.79%	0.54%	0.54%
	ADP	A	0.03%	0.38%	0.03%
	AJG	C	0.24%	0.02%	0.02%
	ALGN	D	0.03%	0.04%	0.03%
	ALL	A	0.17%	0.03%	0.03%
	ALLY	F	0.04%	0.0%	0.0%
	ALNY	C	0.01%	0.11%	0.01%
	AM	A	0.01%	0.01%	0.01%
	AMAT	C	0.05%	0.57%	0.05%
	AMD	C	0.33%	0.64%	0.33%
	AMGN	D	0.16%	0.49%	0.16%
	AMP	A	0.02%	0.16%	0.02%
	APH	D	0.13%	0.16%	0.13%
	APO	A	0.06%	0.18%	0.06%
	AVY	D	0.04%	0.02%	0.02%
	AWI	A	0.01%	0.01%	0.01%
	AXP	A	0.37%	0.21%	0.21%
	AZEK	D	0.01%	0.02%	0.01%
	AZO	D	0.02%	0.18%	0.02%
	BA	F	0.34%	0.05%	0.05%
	BFAM	C	0.03%	0.0%	0.0%
	BILL	D	0.02%	0.0%	0.0%
	BKNG	B	0.03%	0.49%	0.03%
	BLD	D	0.05%	0.0%	0.0%
	BLDR	C	0.08%	0.01%	0.01%
	BPOP	D	0.03%	0.0%	0.0%
	BR	B	0.01%	0.08%	0.01%
	BRKR	D	0.01%	0.02%	0.01%
	BRO	A	0.06%	0.04%	0.04%
	BROS	F	0.01%	0.01%	0.01%
	BWXT	A	0.03%	0.01%	0.01%
	CACC	F	0.0%	0.01%	0.0%
	CAH	B	0.04%	0.06%	0.04%
	CAR	D	0.0%	0.0%	0.0%
	CASY	D	0.04%	0.01%	0.01%
	CAT	A	0.6%	0.1%	0.1%
	CC	D	0.01%	0.0%	0.0%
	CDW	D	0.06%	0.06%	0.06%
	CE	D	0.04%	0.01%	0.01%
	CEG	A	0.21%	0.05%	0.05%
	CGNX	F	0.03%	0.0%	0.0%
	CHE	D	0.03%	0.0%	0.0%
	CHH	A	0.0%	0.01%	0.0%
	CI	D	0.37%	0.03%	0.03%
	CIVI	F	0.02%	0.01%	0.01%
	CL	D	0.16%	0.17%	0.16%
	CLF	D	0.02%	0.01%	0.01%
	CNM	F	0.01%	0.02%	0.01%
	COIN	F	0.02%	0.12%	0.02%
	CPRT	B	0.01%	0.15%	0.01%
	CRM	B	0.14%	0.8%	0.14%
	CROX	C	0.03%	0.01%	0.01%
	CSL	A	0.07%	0.01%	0.01%
	CTAS	C	0.01%	0.24%	0.01%
	CVNA	A	0.04%	0.02%	0.02%
	DASH	A	0.02%	0.16%	0.02%
	DAY	C	0.03%	0.0%	0.0%
	DBX	C	0.02%	0.01%	0.01%
	DELL	C	0.1%	0.02%	0.02%
	DJT	F	0.0%	0.0%	0.0%
	DKS	D	0.05%	0.0%	0.0%
	DOCS	A	0.02%	0.0%	0.0%
	DPZ	D	0.04%	0.02%	0.02%
	DRI	C	0.04%	0.04%	0.04%
	DV	F	0.0%	0.01%	0.0%
	ECL	C	0.03%	0.2%	0.03%
	EFX	D	0.12%	0.03%	0.03%
	EG	A	0.06%	0.01%	0.01%
	EL	D	0.05%	0.03%	0.03%
	ELV	F	0.44%	0.07%	0.07%
	EME	B	0.04%	0.03%	0.03%
	EPAM	F	0.04%	0.0%	0.0%
	EQIX	C	0.3%	0.02%	0.02%
	EQT	C	0.07%	0.0%	0.0%
	ETSY	F	0.01%	0.02%	0.01%
	EW	F	0.14%	0.03%	0.03%
	EXAS	C	0.03%	0.02%	0.02%
	EXEL	B	0.0%	0.02%	0.0%
	EXP	C	0.01%	0.03%	0.01%
	EXPD	D	0.06%	0.01%	0.01%
	FAST	C	0.02%	0.13%	0.02%
	FDS	C	0.04%	0.02%	0.02%
	FI	A	0.28%	0.12%	0.12%
	FICO	C	0.03%	0.14%	0.03%
	FIVE	D	0.0%	0.01%	0.0%
	FND	C	0.03%	0.02%	0.02%
	FRPT	A	0.02%	0.01%	0.01%
	FTNT	A	0.04%	0.15%	0.04%
	FTRE	F	0.01%	0.0%	0.0%
	GE	B	0.6%	0.16%	0.16%
	GEHC	C	0.13%	0.01%	0.01%
	GLOB	D	0.01%	0.02%	0.01%
	GNRC	B	0.02%	0.02%	0.02%
	GS	B	0.47%	0.15%	0.15%
	GWRE	A	0.03%	0.02%	0.02%
	GWW	B	0.02%	0.14%	0.02%
	H	B	0.02%	0.0%	0.0%
	HAS	A	0.0%	0.03%	0.0%
	HCA	C	0.23%	0.07%	0.07%
	HCP	A	0.0%	0.01%	0.0%
	HD	A	0.3%	1.15%	0.3%
	HES	D	0.05%	0.09%	0.05%
	HLI	A	0.03%	0.0%	0.0%
	HLT	A	0.11%	0.11%	0.11%
	HON	C	0.46%	0.08%	0.08%
	HPQ	B	0.11%	0.03%	0.03%
	HRB	C	0.03%	0.01%	0.01%
	HSY	D	0.1%	0.01%	0.01%
	HWM	A	0.15%	0.01%	0.01%
	INCY	B	0.05%	0.0%	0.0%
	IONS	F	0.0%	0.02%	0.0%
	IQV	F	0.16%	0.02%	0.02%
	IRDM	C	0.01%	0.0%	0.0%
	IRM	B	0.06%	0.07%	0.06%
	ITW	C	0.19%	0.11%	0.11%
	JBL	C	0.05%	0.0%	0.0%
	JEF	A	0.03%	0.01%	0.01%
	JLL	C	0.03%	0.01%	0.01%
	KBR	A	0.03%	0.0%	0.0%
	KKR	A	0.24%	0.09%	0.09%
	KMB	D	0.11%	0.07%	0.07%
	KMX	F	0.05%	0.0%	0.0%
	KO	C	0.48%	0.58%	0.48%
	LAMR	C	0.03%	0.01%	0.01%
	LBRDA	C	0.0%	0.0%	0.0%
	LBRDK	C	0.02%	0.01%	0.01%
	LECO	D	0.03%	0.01%	0.01%
	LMT	A	0.33%	0.14%	0.14%
	LNG	A	0.08%	0.08%	0.08%
	LOPE	D	0.01%	0.0%	0.0%
	LPX	C	0.01%	0.02%	0.01%
	LSCC	D	0.0%	0.02%	0.0%
	LW	D	0.02%	0.01%	0.01%
	LYFT	D	0.01%	0.01%	0.01%
	MASI	B	0.01%	0.01%	0.01%
	MCD	A	0.78%	0.05%	0.05%
	MCK	F	0.17%	0.1%	0.1%
	MKL	B	0.06%	0.02%	0.02%
	MKSI	F	0.03%	0.0%	0.0%
	MLM	F	0.12%	0.01%	0.01%
	MMC	D	0.39%	0.06%	0.06%
	MMM	C	0.24%	0.05%	0.05%
	MNST	D	0.03%	0.11%	0.03%
	MOH	F	0.03%	0.05%	0.03%
	MRVL	C	0.24%	0.02%	0.02%
	MS	A	0.45%	0.03%	0.03%
	MSCI	B	0.08%	0.09%	0.08%
	MSGS	A	0.01%	0.0%	0.0%
	MSI	A	0.15%	0.13%	0.13%
	MSTR	B	0.08%	0.01%	0.01%
	MTDR	D	0.02%	0.0%	0.0%
	MTN	D	0.0%	0.02%	0.0%
	NCNO	F	0.0%	0.01%	0.0%
	NFE	F	0.0%	0.0%	0.0%
	NKE	D	0.15%	0.24%	0.15%
	NRG	A	0.04%	0.03%	0.03%
	NTAP	D	0.06%	0.04%	0.04%
	NTNX	C	0.04%	0.01%	0.01%
	NXST	D	0.01%	0.01%	0.01%
	OKTA	F	0.03%	0.02%	0.02%
	OLED	B	0.02%	0.02%	0.02%
	ONTO	B	0.03%	0.01%	0.01%
	ORLY	A	0.02%	0.22%	0.02%
	PATH	D	0.0%	0.02%	0.0%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	B	0.11%	0.06%	0.06%
	PEP	F	0.2%	0.67%	0.2%
	PFGC	A	0.04%	0.01%	0.01%
	PG	D	1.26%	0.33%	0.33%
	PGR	B	0.09%	0.45%	0.09%
	PLNT	B	0.01%	0.01%	0.01%
	PPC	C	0.01%	0.0%	0.0%
	PR	D	0.03%	0.01%	0.01%
	PSA	C	0.18%	0.03%	0.03%
	PSTG	F	0.01%	0.05%	0.01%
	PTC	B	0.03%	0.05%	0.03%
	PWR	A	0.11%	0.05%	0.05%
	PYCR	D	0.0%	0.0%	0.0%
	QCOM	D	0.05%	0.65%	0.05%
	RCL	B	0.1%	0.05%	0.05%
	REGN	D	0.46%	0.03%	0.03%
	RGEN	F	0.03%	0.0%	0.0%
	RH	C	0.01%	0.0%	0.0%
	RLI	A	0.02%	0.0%	0.0%
	RMD	C	0.1%	0.03%	0.03%
	ROK	D	0.11%	0.01%	0.01%
	ROKU	C	0.03%	0.01%	0.01%
	ROST	D	0.15%	0.04%	0.04%
	RPM	A	0.05%	0.01%	0.01%
	S	C	0.02%	0.0%	0.0%
	SAIA	D	0.02%	0.02%	0.02%
	SAM	D	0.01%	0.0%	0.0%
	SBUX	B	0.1%	0.31%	0.1%
	SCHW	D	0.35%	0.03%	0.03%
	SEE	C	0.02%	0.0%	0.0%
	SHW	C	0.03%	0.3%	0.03%
	SITE	D	0.02%	0.01%	0.01%
	SKX	B	0.03%	0.0%	0.0%
	SN	A	0.02%	0.01%	0.01%
	SOFI	C	0.03%	0.0%	0.0%
	SPG	A	0.16%	0.05%	0.05%
	SPR	D	0.01%	0.0%	0.0%
	SQ	D	0.09%	0.06%	0.06%
	SSD	B	0.03%	0.0%	0.0%
	SYK	C	0.37%	0.14%	0.14%
	SYY	D	0.06%	0.09%	0.06%
	TDG	A	0.24%	0.06%	0.06%
	TER	C	0.01%	0.07%	0.01%
	TJX	D	0.22%	0.29%	0.22%
	TKO	A	0.03%	0.0%	0.0%
	TPG	A	0.01%	0.0%	0.0%
	TRIP	D	0.01%	0.0%	0.0%
	TRU	C	0.07%	0.0%	0.0%
	TT	A	0.22%	0.11%	0.11%
	TTEK	A	0.04%	0.01%	0.01%
	TW	A	0.03%	0.02%	0.02%
	TWLO	B	0.04%	0.01%	0.01%
	TXG	F	0.0%	0.01%	0.0%
	TXN	C	0.69%	0.08%	0.08%
	TYL	D	0.02%	0.08%	0.02%
	U	D	0.01%	0.01%	0.01%
	UHAL	C	0.02%	0.0%	0.0%
	UHAL	C	0.0%	0.01%	0.0%
	UHAL	C	0.02%	0.01%	0.01%
	UHAL	C	0.0%	0.0%	0.0%
	UI	B	0.0%	0.0%	0.0%
	ULTA	D	0.01%	0.06%	0.01%
	UNH	B	2.03%	0.13%	0.13%
	UNP	F	0.33%	0.26%	0.26%
	URI	C	0.15%	0.05%	0.05%
	UWMC	D	0.0%	0.0%	0.0%
	VLTO	A	0.06%	0.04%	0.04%
	VMC	D	0.1%	0.03%	0.03%
	VRSN	C	0.06%	0.0%	0.0%
	VRTX	D	0.26%	0.22%	0.22%
	WAT	B	0.03%	0.05%	0.03%
	WEN	B	0.01%	0.01%	0.01%
	WEX	C	0.03%	0.0%	0.0%
	WH	C	0.02%	0.0%	0.0%
	WMS	D	0.03%	0.02%	0.02%
	WSC	D	0.02%	0.01%	0.01%
	WSM	C	0.03%	0.04%	0.03%
	WST	D	0.04%	0.05%	0.04%
	WU	D	0.01%	0.0%	0.0%
	WYNN	B	0.03%	0.0%	0.0%
	YETI	C	0.01%	0.0%	0.0%
	YUM	C	0.09%	0.06%	0.06%
	ZBRA	B	0.06%	0.01%	0.01%
	ZTS	C	0.06%	0.27%	0.06%

VONV Overweight 596 Positions Relative to IWF

	Symbol	Grade	Weight
	BRK.A	B	3.5%
	JPM	C	2.59%
	XOM	A	2.12%
	JNJ	D	1.61%
	WMT	A	1.35%
	BAC	B	1.11%
	CVX	B	1.02%
	TMO	D	0.94%
	LIN	C	0.92%
	ACN	B	0.86%
	WFC	B	0.82%
	CSCO	A	0.82%
	ABT	C	0.79%
	PM	D	0.77%
	IBM	A	0.74%
	DHR	D	0.72%
	VZ	C	0.71%
	DIS	D	0.67%
	RTX	A	0.66%
	PFE	D	0.66%
	NEE	C	0.66%
	SPGI	C	0.64%
	CMCSA	B	0.62%
	LOW	C	0.57%
	T	B	0.57%
	COP	D	0.54%
	BLK	A	0.53%
	ETN	B	0.49%
	C	B	0.48%
	BSX	A	0.48%
	ADI	B	0.47%
	MDT	C	0.47%
	PLD	D	0.47%
	CB	A	0.46%
	MU	D	0.43%
	BMY	A	0.41%
	GILD	A	0.4%
	TMUS	A	0.39%
	MDLZ	D	0.39%
	DE	C	0.39%
	UPS	D	0.38%
	INTC	D	0.38%
	SO	A	0.38%
	ICE	A	0.37%
	MO	D	0.37%
	DUK	C	0.35%
	GD	C	0.33%
	PH	A	0.31%
	USB	C	0.3%
	EOG	B	0.3%
	PYPL	A	0.3%
	TGT	C	0.29%
	WELL	C	0.29%
	CVS	D	0.29%
	NOC	B	0.29%
	PNC	C	0.29%
	BDX	C	0.28%
	CSX	D	0.27%
	AON	A	0.27%
	FDX	F	0.27%
	NEM	C	0.25%
	APD	C	0.25%
	MPC	D	0.25%
	SLB	D	0.25%
	AFL	A	0.25%
	FCX	B	0.25%
	ROP	D	0.24%
	TFC	D	0.24%
	PSX	D	0.24%
	EMR	B	0.24%
	GM	D	0.23%
	NSC	C	0.23%
	OKE	A	0.22%
	GEV	A	0.22%
	MAR	A	0.22%
	COF	A	0.22%
	WMB	A	0.22%
	DHI	C	0.22%
	AIG	C	0.21%
	SRE	C	0.21%
	TRV	B	0.21%
	AEP	C	0.21%
	O	C	0.21%
	CCI	D	0.2%
	DLR	C	0.2%
	CARR	A	0.2%
	PCAR	D	0.2%
	BK	A	0.2%
	MET	A	0.19%
	FIS	A	0.19%
	D	A	0.19%
	VLO	F	0.19%
	F	D	0.18%
	LEN	C	0.18%
	LHX	A	0.18%
	JCI	C	0.17%
	KMI	A	0.17%
	A	B	0.17%
	KVUE	C	0.17%
	CNC	F	0.17%
	PCG	C	0.17%
	HUM	F	0.17%
	CMI	A	0.17%
	RSG	D	0.17%
	PRU	B	0.17%
	MCHP	F	0.17%
	CTSH	B	0.16%
	KDP	C	0.16%
	AME	C	0.16%
	CTVA	A	0.16%
	PEG	A	0.16%
	EA	D	0.16%
	ACGL	A	0.16%
	GIS	C	0.16%
	NUE	D	0.15%
	IR	A	0.15%
	EXR	D	0.15%
	DOW	B	0.15%
	OXY	D	0.15%
	EXC	C	0.15%
	OTIS	A	0.15%
	STZ	D	0.15%
	XEL	C	0.14%
	HIG	A	0.14%
	DFS	A	0.14%
	FANG	D	0.14%
	VICI	C	0.14%
	BKR	B	0.14%
	ED	C	0.14%
	DD	C	0.14%
	CBRE	C	0.14%
	KR	C	0.14%
	CSGP	F	0.13%
	KHC	F	0.13%
	AVB	C	0.13%
	GLW	C	0.13%
	CHTR	D	0.13%
	EIX	C	0.13%
	XYL	C	0.13%
	ON	F	0.13%
	FITB	C	0.12%
	WEC	B	0.12%
	WAB	A	0.12%
	NDAQ	C	0.12%
	BIIB	F	0.12%
	WTW	C	0.12%
	EBAY	A	0.12%
	ADM	F	0.12%
	PPG	D	0.12%
	MTD	C	0.12%
	STT	A	0.11%
	IFF	D	0.11%
	KEYS	B	0.11%
	TTWO	D	0.11%
	NVR	C	0.11%
	DAL	C	0.11%
	HAL	D	0.11%
	PHM	C	0.11%
	AWK	D	0.11%
	ANSS	D	0.11%
	DVN	F	0.11%
	GPN	F	0.11%
	EQR	C	0.11%
	GRMN	D	0.11%
	MTB	A	0.11%
	ES	D	0.1%
	STE	D	0.1%
	FSLR	C	0.1%
	SBAC	C	0.1%
	FCNCA	D	0.1%
	CHD	D	0.1%
	MRNA	F	0.1%
	VTR	C	0.1%
	HPE	B	0.1%
	FE	C	0.1%
	DOV	C	0.1%
	LYB	B	0.1%
	ETR	A	0.1%
	DTE	B	0.1%
	FTV	C	0.1%
	LDOS	A	0.09%
	HUBB	A	0.09%
	WDC	C	0.09%
	RF	B	0.09%
	HBAN	B	0.09%
	BBY	C	0.09%
	CBOE	B	0.09%
	AEE	A	0.09%
	WY	C	0.09%
	INVH	D	0.09%
	RJF	B	0.09%
	TROW	D	0.09%
	PPL	C	0.09%
	ZBH	F	0.09%
	HOLX	D	0.08%
	J	F	0.08%
	MAA	D	0.08%
	PFG	A	0.08%
	WBD	F	0.08%
	ESS	D	0.08%
	BAX	D	0.08%
	OMC	C	0.08%
	APTV	D	0.08%
	ATO	A	0.08%
	CFG	C	0.08%
	BALL	C	0.08%
	GPC	D	0.08%
	SYF	A	0.08%
	MKC	C	0.08%
	CMS	A	0.08%
	TDY	A	0.08%
	ARE	D	0.08%
	ILMN	B	0.08%
	CINF	A	0.08%
	K	B	0.08%
	RS	D	0.07%
	MRO	B	0.07%
	WSO	C	0.07%
	AMCR	C	0.07%
	CCL	C	0.07%
	SUI	D	0.07%
	IP	C	0.07%
	ZM	B	0.07%
	BMRN	F	0.07%
	LUV	B	0.07%
	CNP	B	0.07%
	DLTR	F	0.07%
	TXT	F	0.07%
	DGX	D	0.07%
	MAS	C	0.07%
	AVTR	D	0.07%
	SWKS	F	0.07%
	STLD	C	0.07%
	CTRA	D	0.07%
	TSN	D	0.07%
	DG	F	0.07%
	NTRS	B	0.07%
	WRB	C	0.07%
	PKG	B	0.07%
	UHS	D	0.06%
	TRMB	B	0.06%
	GGG	C	0.06%
	BG	F	0.06%
	VTRS	D	0.06%
	JBHT	D	0.06%
	UAL	A	0.06%
	RGA	B	0.06%
	NDSN	C	0.06%
	OC	C	0.06%
	UDR	C	0.06%
	PNR	C	0.06%
	SNA	C	0.06%
	NI	A	0.06%
	L	C	0.06%
	CAG	D	0.06%
	GEN	A	0.06%
	TOL	C	0.06%
	LNT	B	0.06%
	RVTY	C	0.06%
	FNF	C	0.06%
	AKAM	D	0.06%
	KIM	C	0.06%
	CF	A	0.06%
	IEX	D	0.06%
	SWK	C	0.06%
	RBA	D	0.06%
	KEY	B	0.06%
	DOC	C	0.06%
	UTHR	C	0.06%
	THC	D	0.06%
	SSNC	C	0.06%
	NVT	C	0.05%
	RPRX	D	0.05%
	ITT	C	0.05%
	OVV	D	0.05%
	TECH	D	0.05%
	FTI	B	0.05%
	TFX	C	0.05%
	EWBC	B	0.05%
	CUBE	C	0.05%
	RIVN	F	0.05%
	BXP	B	0.05%
	SJM	D	0.05%
	FFIV	B	0.05%
	CHRW	C	0.05%
	EMN	C	0.05%
	CW	A	0.05%
	ALLE	A	0.05%
	SW	C	0.05%
	AES	C	0.05%
	IPG	D	0.05%
	HST	D	0.05%
	JNPR	C	0.05%
	JKHY	A	0.05%
	CLH	B	0.05%
	CPT	C	0.05%
	WPC	C	0.05%
	EVRG	C	0.05%
	RNR	A	0.05%
	REG	C	0.05%
	HOOD	B	0.05%
	IBKR	A	0.05%
	ELS	D	0.05%
	AMH	D	0.05%
	GLPI	C	0.05%
	USFD	C	0.05%
	ACM	A	0.05%
	DCI	B	0.04%
	SF	A	0.04%
	WAL	C	0.04%
	CG	B	0.04%
	EVR	C	0.04%
	INGR	B	0.04%
	NYT	C	0.04%
	SOLV	C	0.04%
	EGP	D	0.04%
	MKTX	B	0.04%
	HSIC	D	0.04%
	CNH	C	0.04%
	ORI	A	0.04%
	FHN	D	0.04%
	GPK	D	0.04%
	PRI	A	0.04%
	SNX	C	0.04%
	MOS	F	0.04%
	MGM	D	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	TPR	B	0.04%
	HRL	F	0.04%
	TAP	D	0.04%
	FRT	D	0.04%
	CPB	D	0.04%
	AFG	A	0.04%
	ARMK	C	0.04%
	TTC	F	0.04%
	GL	C	0.04%
	OHI	C	0.04%
	CHK	C	0.04%
	WTRG	D	0.04%
	MTCH	B	0.04%
	FOXA	B	0.04%
	FBIN	C	0.04%
	WWD	C	0.04%
	PNW	C	0.04%
	DOX	B	0.04%
	AFRM	C	0.04%
	AOS	C	0.04%
	CRL	F	0.04%
	QGEN	F	0.04%
	ATR	A	0.04%
	AIZ	B	0.04%
	COHR	B	0.04%
	APA	F	0.04%
	BJ	B	0.04%
	CCK	C	0.04%
	UNM	A	0.04%
	ALB	D	0.04%
	CACI	A	0.04%
	NWSA	D	0.04%
	REXR	D	0.04%
	CTLT	A	0.04%
	LKQ	F	0.04%
	RRX	B	0.04%
	QRVO	F	0.04%
	SCI	D	0.04%
	HII	F	0.04%
	IVZ	A	0.03%
	R	C	0.03%
	GME	D	0.03%
	PARA	F	0.03%
	VFC	A	0.03%
	FAF	C	0.03%
	RHI	D	0.03%
	LSTR	F	0.03%
	MAT	B	0.03%
	BIO	B	0.03%
	FLS	A	0.03%
	Z	C	0.03%
	LEA	F	0.03%
	RL	B	0.03%
	PB	D	0.03%
	CFR	B	0.03%
	DAR	F	0.03%
	WBA	F	0.03%
	LFUS	C	0.03%
	SAIC	A	0.03%
	SNV	D	0.03%
	XP	F	0.03%
	MSA	F	0.03%
	MTG	A	0.03%
	SEIC	B	0.03%
	G	A	0.03%
	BBWI	F	0.03%
	KEX	C	0.03%
	SWN	D	0.03%
	NOV	F	0.03%
	OSK	F	0.03%
	JAZZ	F	0.03%
	FYBR	C	0.03%
	WTFC	B	0.03%
	RRC	D	0.03%
	MTZ	A	0.03%
	AGNC	B	0.03%
	ZION	D	0.03%
	VOYA	A	0.03%
	WCC	D	0.03%
	ADC	C	0.03%
	GNTX	D	0.03%
	ARW	C	0.03%
	BRBR	A	0.03%
	STAG	D	0.03%
	ACHC	F	0.03%
	FR	D	0.03%
	MIDD	D	0.03%
	PNFP	B	0.03%
	CRBG	B	0.03%
	CMA	C	0.03%
	ELAN	D	0.03%
	CBSH	D	0.03%
	DTM	A	0.03%
	CR	A	0.03%
	AR	C	0.03%
	BWA	C	0.03%
	CRUS	D	0.03%
	AYI	A	0.03%
	ATI	C	0.03%
	OGE	C	0.03%
	COKE	C	0.03%
	DINO	F	0.03%
	BERY	C	0.03%
	AXTA	C	0.03%
	FCN	C	0.03%
	FMC	C	0.03%
	AA	B	0.03%
	APG	F	0.03%
	WBS	D	0.03%
	CZR	B	0.03%
	ALSN	A	0.03%
	GMED	B	0.03%
	LAD	C	0.03%
	KNX	D	0.03%
	ACI	F	0.03%
	BRX	C	0.03%
	MHK	C	0.03%
	COLD	D	0.03%
	CIEN	A	0.03%
	X	F	0.03%
	RBC	C	0.03%
	NNN	C	0.03%
	DXC	C	0.02%
	MSM	D	0.02%
	KMPR	D	0.02%
	LITE	A	0.02%
	NEU	F	0.02%
	LSXMK	D	0.02%
	W	C	0.02%
	IAC	C	0.02%
	PRGO	F	0.02%
	CPRI	C	0.02%
	BYD	B	0.02%
	DLB	D	0.02%
	KRC	C	0.02%
	AGO	B	0.02%
	M	D	0.02%
	ROIV	D	0.02%
	CUZ	C	0.02%
	SLGN	B	0.02%
	FLO	D	0.02%
	PSN	A	0.02%
	PII	D	0.02%
	ASH	F	0.02%
	GAP	F	0.02%
	HOG	D	0.02%
	ALK	C	0.02%
	RYN	C	0.02%
	GFS	F	0.02%
	AN	D	0.02%
	OZK	D	0.02%
	WTM	C	0.02%
	EEFT	F	0.02%
	ZG	C	0.02%
	AL	D	0.02%
	SLM	B	0.02%
	WLK	C	0.02%
	JHG	A	0.02%
	AVT	B	0.02%
	FOX	B	0.02%
	IDA	D	0.02%
	OLN	D	0.02%
	MDU	C	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	A	0.02%
	COLB	C	0.02%
	UGI	C	0.02%
	WHR	C	0.02%
	FNB	D	0.02%
	BC	C	0.02%
	KD	D	0.02%
	VNT	F	0.02%
	NFG	A	0.02%
	THO	C	0.02%
	TKR	B	0.02%
	OLLI	C	0.02%
	SRCL	B	0.02%
	LNC	B	0.02%
	SON	D	0.02%
	AMG	B	0.02%
	OMF	D	0.02%
	PVH	D	0.02%
	AGCO	D	0.02%
	VMI	B	0.02%
	POST	C	0.02%
	BEN	F	0.02%
	OGN	F	0.02%
	ST	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	ESI	C	0.02%
	VNO	B	0.02%
	MTSI	B	0.02%
	STWD	C	0.02%
	AXS	A	0.02%
	SNDR	D	0.01%
	CERT	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	C	0.01%
	UAA	B	0.01%
	REYN	D	0.01%
	LEN	C	0.01%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	SHC	C	0.01%
	IPGP	D	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	ADTN	C	0.01%
	HAYW	C	0.01%
	KSS	D	0.01%
	RCM	B	0.01%
	JWN	D	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	B	0.01%
	PINC	F	0.01%
	AGR	C	0.01%
	VIRT	B	0.01%
	ENOV	F	0.01%
	CWEN	C	0.01%
	VAC	D	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	COLM	B	0.01%
	AZTA	F	0.01%
	RKT	D	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	BHF	D	0.01%
	CXT	F	0.01%
	NWL	D	0.01%
	SMG	C	0.01%
	TNL	B	0.01%
	ZI	F	0.01%
	FHB	D	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	NWS	D	0.01%
	NSA	D	0.01%
	HIW	C	0.01%
	MAN	D	0.01%
	EPR	C	0.01%
	LCID	F	0.01%
	CNXC	F	0.01%
	HUN	B	0.01%
	DNB	D	0.01%
	COTY	F	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	SEG	F	0.0%
	PLTK	C	0.0%
	SIRI	C	0.0%
	TFSL	D	0.0%
	CWEN	C	0.0%
	SEB	F	0.0%
	DDS	D	0.0%
	AMC	F	0.0%
	CNA	D	0.0%
	UA	B	0.0%
	WOLF	F	0.0%

VONV Underweight 143 Positions Relative to IWF

	Symbol	Grade	Weight
	AAPL	C	-12.06%
	MSFT	D	-11.59%
	NVDA	B	-10.35%
	AMZN	C	-6.36%
	META	A	-4.53%
	GOOGL	B	-3.51%
	GOOG	B	-2.96%
	AVGO	B	-2.86%
	TSLA	C	-2.64%
	LLY	D	-2.56%
	V	B	-1.58%
	MA	A	-1.49%
	COST	C	-1.43%
	NFLX	A	-1.1%
	MRK	F	-1.05%
	ORCL	A	-0.97%
	ADBE	F	-0.83%
	NOW	B	-0.66%
	INTU	F	-0.62%
	ISRG	C	-0.62%
	UBER	C	-0.55%
	BX	C	-0.4%
	AMT	D	-0.39%
	LRCX	D	-0.39%
	PANW	B	-0.38%
	KLAC	B	-0.38%
	ANET	A	-0.36%
	WM	B	-0.3%
	CMG	C	-0.29%
	SNPS	F	-0.28%
	PLTR	A	-0.27%
	CDNS	D	-0.27%
	MCO	D	-0.27%
	CRWD	D	-0.24%
	ADSK	B	-0.21%
	SPOT	C	-0.2%
	ABNB	D	-0.2%
	WDAY	D	-0.19%
	TTD	A	-0.18%
	MPWR	B	-0.16%
	VST	A	-0.15%
	IDXX	D	-0.15%
	COR	F	-0.14%
	VRSK	D	-0.14%
	IT	A	-0.14%
	ODFL	F	-0.14%
	VRT	B	-0.13%
	SNOW	F	-0.13%
	TRGP	A	-0.12%
	APP	A	-0.12%
	LULU	D	-0.12%
	DDOG	B	-0.12%
	TSCO	A	-0.11%
	VEEV	C	-0.11%
	HUBS	D	-0.1%
	DXCM	F	-0.1%
	AXON	A	-0.1%
	ARES	A	-0.1%
	CPNG	C	-0.1%
	DECK	B	-0.09%
	NET	D	-0.09%
	TEAM	D	-0.09%
	BAH	C	-0.08%
	SMCI	F	-0.08%
	CPAY	A	-0.08%
	GDDY	B	-0.08%
	RBLX	D	-0.08%
	LVS	B	-0.07%
	DKNG	C	-0.07%
	EXPE	B	-0.07%
	MDB	D	-0.07%
	LII	C	-0.07%
	PINS	D	-0.07%
	CLX	C	-0.07%
	ENPH	F	-0.06%
	DT	B	-0.06%
	ZS	F	-0.06%
	PODD	C	-0.06%
	HEI	C	-0.06%
	TPL	A	-0.06%
	BURL	C	-0.06%
	MANH	A	-0.06%
	LPLA	D	-0.06%
	LYV	A	-0.06%
	ENTG	D	-0.06%
	TOST	B	-0.05%
	DOCU	A	-0.05%
	XPO	F	-0.05%
	EQH	B	-0.05%
	FIX	A	-0.05%
	POOL	D	-0.05%
	ROL	C	-0.05%
	NTRA	A	-0.05%
	OWL	A	-0.04%
	KNSL	B	-0.04%
	DUOL	B	-0.04%
	SRPT	F	-0.04%
	HEI	C	-0.04%
	NBIX	F	-0.04%
	TXRH	A	-0.04%
	WING	C	-0.04%
	PEN	D	-0.03%
	PCTY	C	-0.03%
	BSY	D	-0.03%
	AAON	A	-0.03%
	TREX	D	-0.03%
	SMAR	A	-0.03%
	ITCI	D	-0.03%
	DVA	C	-0.03%
	LNW	F	-0.03%
	MEDP	F	-0.03%
	MORN	B	-0.03%
	NCLH	C	-0.03%
	TPX	C	-0.03%
	MUSA	D	-0.03%
	CHDN	C	-0.03%
	CAVA	B	-0.03%
	CFLT	F	-0.02%
	RARE	D	-0.02%
	LAZ	C	-0.02%
	APPF	C	-0.02%
	VVV	D	-0.02%
	FOUR	A	-0.02%
	FWONK	D	-0.02%
	CELH	F	-0.02%
	INSP	C	-0.02%
	ELF	F	-0.02%
	GTLB	D	-0.02%
	WFRD	F	-0.02%
	ESTC	F	-0.02%
	PCOR	D	-0.02%
	VKTX	C	-0.02%
	RYAN	A	-0.02%
	FIVN	F	-0.01%
	RNG	F	-0.01%
	FERG	F	-0.01%
	TDC	D	-0.01%
	APLS	F	-0.01%
	PEGA	B	-0.01%
	ALAB	C	-0.0%
	FWONA	C	-0.0%
	LOAR	B	-0.0%
	VNOM	A	-0.0%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Software - Application Asset Management Business Services Semiconductors Biotechnology Specialty Retail Capital Markets Diagnostics & Research 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 Beverage Dow Jones Component Plastic

IWF: Top Represented Industries & Keywords

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

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