VONV vs. JUST ETF Comparison

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

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

$83.04

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST 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. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$81.36

Average Daily Volume

4,444

Number of Holdings ^*

451

* may have additional holdings in another (foreign) market

Performance

Period	VONV	JUST
30 Days	3.44%	1.94%
60 Days	5.25%	3.55%
90 Days	8.24%	4.27%
12 Months	23.07%	31.44%

391 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in JUST	Overlap
	A	C	0.17%	0.1%	0.1%
	AA	D	0.03%	0.02%	0.02%
	AAL	D	0.03%	0.02%	0.02%
	ABBV	C	0.79%	0.85%	0.79%
	ABT	C	0.79%	0.48%	0.48%
	ACGL	C	0.16%	0.12%	0.12%
	ACM	B	0.05%	0.03%	0.03%
	ACN	C	0.86%	0.6%	0.6%
	ADI	C	0.47%	0.25%	0.25%
	ADM	D	0.12%	0.08%	0.08%
	ADP	B	0.03%	0.31%	0.03%
	AEE	C	0.09%	0.07%	0.07%
	AEP	C	0.21%	0.16%	0.16%
	AES	C	0.05%	0.03%	0.03%
	AFL	C	0.25%	0.2%	0.2%
	AFRM	C	0.04%	0.02%	0.02%
	AGCO	D	0.02%	0.02%	0.02%
	AGO	C	0.02%	0.01%	0.01%
	AGR	B	0.01%	0.01%	0.01%
	AIG	D	0.21%	0.15%	0.15%
	AIZ	B	0.04%	0.03%	0.03%
	AKAM	D	0.06%	0.04%	0.04%
	ALB	D	0.04%	0.03%	0.03%
	ALK	C	0.02%	0.01%	0.01%
	ALL	B	0.17%	0.15%	0.15%
	ALLY	F	0.04%	0.03%	0.03%
	ALNY	C	0.01%	0.07%	0.01%
	AMAT	D	0.05%	0.35%	0.05%
	AMD	D	0.33%	0.53%	0.33%
	AME	C	0.16%	0.1%	0.1%
	AMGN	B	0.16%	0.42%	0.16%
	AMP	A	0.02%	0.14%	0.02%
	ANSS	D	0.11%	0.06%	0.06%
	AON	B	0.27%	0.21%	0.21%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.25%	0.17%	0.17%
	APTV	D	0.08%	0.05%	0.05%
	ARMK	B	0.04%	0.03%	0.03%
	ATR	B	0.04%	0.03%	0.03%
	AVB	B	0.13%	0.12%	0.12%
	AVTR	B	0.07%	0.04%	0.04%
	AWI	B	0.01%	0.02%	0.01%
	AWK	B	0.11%	0.09%	0.09%
	AXP	B	0.37%	0.38%	0.37%
	AXS	B	0.02%	0.02%	0.02%
	AYI	B	0.03%	0.02%	0.02%
	AZEK	C	0.01%	0.02%	0.01%
	BA	F	0.34%	0.25%	0.25%
	BAC	D	1.11%	0.83%	0.83%
	BALL	C	0.08%	0.06%	0.06%
	BAX	C	0.08%	0.05%	0.05%
	BBWI	F	0.03%	0.02%	0.02%
	BBY	C	0.09%	0.06%	0.06%
	BDX	D	0.28%	0.16%	0.16%
	BERY	B	0.03%	0.02%	0.02%
	BG	D	0.06%	0.04%	0.04%
	BHF	F	0.01%	0.01%	0.01%
	BIIB	F	0.12%	0.07%	0.07%
	BK	B	0.2%	0.16%	0.16%
	BKNG	C	0.03%	0.37%	0.03%
	BKR	C	0.14%	0.09%	0.09%
	BLD	D	0.05%	0.03%	0.03%
	BLK	B	0.53%	0.4%	0.4%
	BMY	C	0.41%	0.24%	0.24%
	BR	D	0.01%	0.08%	0.01%
	BSX	B	0.48%	0.29%	0.29%
	BWA	D	0.03%	0.02%	0.02%
	BXP	B	0.05%	0.04%	0.04%
	C	C	0.48%	0.35%	0.35%
	CAH	C	0.04%	0.07%	0.04%
	CAR	F	0.0%	0.0%	0.0%
	CARR	B	0.2%	0.16%	0.16%
	CAT	B	0.6%	0.45%	0.45%
	CBOE	C	0.09%	0.07%	0.07%
	CBRE	A	0.14%	0.13%	0.13%
	CCI	C	0.2%	0.19%	0.19%
	CE	F	0.04%	0.04%	0.04%
	CEG	C	0.21%	0.17%	0.17%
	CF	C	0.06%	0.04%	0.04%
	CHH	C	0.0%	0.01%	0.0%
	CHRW	B	0.05%	0.03%	0.03%
	CHTR	D	0.13%	0.07%	0.07%
	CI	C	0.37%	0.24%	0.24%
	CIEN	C	0.03%	0.02%	0.02%
	CL	D	0.16%	0.24%	0.16%
	CLF	F	0.02%	0.02%	0.02%
	CMA	B	0.03%	0.02%	0.02%
	CMCSA	D	0.62%	0.37%	0.37%
	CMI	C	0.17%	0.11%	0.11%
	CNC	D	0.17%	0.09%	0.09%
	CNH	D	0.04%	0.03%	0.03%
	CNP	C	0.07%	0.05%	0.05%
	COF	B	0.22%	0.14%	0.14%
	COLB	B	0.02%	0.02%	0.02%
	COP	D	0.54%	0.31%	0.31%
	CPB	C	0.04%	0.03%	0.03%
	CPRT	D	0.01%	0.12%	0.01%
	CRM	D	0.14%	0.54%	0.14%
	CRUS	D	0.03%	0.02%	0.02%
	CSCO	C	0.82%	0.48%	0.48%
	CSGP	D	0.13%	0.12%	0.12%
	CSL	B	0.07%	0.05%	0.05%
	CSX	D	0.27%	0.18%	0.18%
	CTSH	C	0.16%	0.09%	0.09%
	CVS	D	0.29%	0.2%	0.2%
	CVX	D	1.02%	0.61%	0.61%
	D	C	0.19%	0.14%	0.14%
	DAL	C	0.11%	0.08%	0.08%
	DAY	D	0.03%	0.02%	0.02%
	DBX	D	0.02%	0.01%	0.01%
	DD	B	0.14%	0.09%	0.09%
	DE	B	0.39%	0.27%	0.27%
	DFS	B	0.14%	0.1%	0.1%
	DGX	B	0.07%	0.04%	0.04%
	DHR	B	0.72%	0.44%	0.44%
	DINO	F	0.03%	0.02%	0.02%
	DIS	D	0.67%	0.46%	0.46%
	DKS	D	0.05%	0.04%	0.04%
	DLR	B	0.2%	0.19%	0.19%
	DOW	D	0.15%	0.1%	0.1%
	DUK	C	0.35%	0.27%	0.27%
	DV	F	0.0%	0.01%	0.0%
	DVN	F	0.11%	0.07%	0.07%
	EA	D	0.16%	0.11%	0.11%
	EBAY	B	0.12%	0.09%	0.09%
	ECL	B	0.03%	0.17%	0.03%
	EIX	C	0.13%	0.1%	0.1%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.44%	0.3%	0.3%
	EMN	B	0.05%	0.03%	0.03%
	EMR	D	0.24%	0.15%	0.15%
	EQIX	C	0.3%	0.3%	0.3%
	EQR	B	0.11%	0.11%	0.11%
	ES	C	0.1%	0.07%	0.07%
	ESS	B	0.08%	0.07%	0.07%
	ETN	C	0.49%	0.31%	0.31%
	ETR	B	0.1%	0.08%	0.08%
	ETSY	F	0.01%	0.02%	0.01%
	EW	F	0.14%	0.1%	0.1%
	EXC	C	0.15%	0.12%	0.12%
	EXEL	C	0.0%	0.02%	0.0%
	F	F	0.18%	0.12%	0.12%
	FCN	D	0.03%	0.02%	0.02%
	FCX	D	0.25%	0.16%	0.16%
	FDX	C	0.27%	0.18%	0.18%
	FFIV	B	0.05%	0.03%	0.03%
	FHN	D	0.04%	0.03%	0.03%
	FITB	B	0.12%	0.09%	0.09%
	FMC	C	0.03%	0.02%	0.02%
	FOX	B	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.03%	0.03%
	FSLR	C	0.1%	0.06%	0.06%
	FTNT	C	0.04%	0.11%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	GAP	F	0.02%	0.01%	0.01%
	GE	B	0.6%	0.5%	0.5%
	GEV	B	0.22%	0.15%	0.15%
	GILD	B	0.4%	0.24%	0.24%
	GIS	B	0.16%	0.12%	0.12%
	GLW	C	0.13%	0.08%	0.08%
	GM	C	0.23%	0.15%	0.15%
	GPK	B	0.04%	0.02%	0.02%
	GRMN	D	0.11%	0.08%	0.08%
	GS	C	0.47%	0.46%	0.46%
	GWRE	A	0.03%	0.03%	0.03%
	H	C	0.02%	0.02%	0.02%
	HAL	F	0.11%	0.07%	0.07%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.09%	0.06%	0.06%
	HCA	B	0.23%	0.18%	0.18%
	HD	B	0.3%	1.05%	0.3%
	HES	F	0.05%	0.09%	0.05%
	HIG	B	0.14%	0.11%	0.11%
	HLT	B	0.11%	0.15%	0.11%
	HOG	C	0.02%	0.01%	0.01%
	HOLX	B	0.08%	0.05%	0.05%
	HON	D	0.46%	0.36%	0.36%
	HPE	D	0.1%	0.05%	0.05%
	HPQ	D	0.11%	0.08%	0.08%
	HRB	C	0.03%	0.03%	0.03%
	HRL	C	0.04%	0.03%	0.03%
	HSIC	C	0.04%	0.02%	0.02%
	HSY	C	0.1%	0.08%	0.08%
	HUM	F	0.17%	0.1%	0.1%
	IBM	B	0.74%	0.44%	0.44%
	ICE	C	0.37%	0.28%	0.28%
	IEX	D	0.06%	0.04%	0.04%
	IFF	B	0.11%	0.07%	0.07%
	ILMN	C	0.08%	0.05%	0.05%
	INCY	C	0.05%	0.03%	0.03%
	INGR	B	0.04%	0.03%	0.03%
	INTC	F	0.38%	0.19%	0.19%
	IPG	C	0.05%	0.04%	0.04%
	IQV	C	0.16%	0.1%	0.1%
	IR	C	0.15%	0.1%	0.1%
	IRM	C	0.06%	0.12%	0.06%
	ITT	B	0.05%	0.03%	0.03%
	IVZ	B	0.03%	0.02%	0.02%
	J	C	0.08%	0.05%	0.05%
	JCI	B	0.17%	0.13%	0.13%
	JLL	B	0.03%	0.04%	0.03%
	JNPR	B	0.05%	0.03%	0.03%
	JPM	D	2.59%	1.83%	1.83%
	K	B	0.08%	0.06%	0.06%
	KBR	D	0.03%	0.02%	0.02%
	KDP	B	0.16%	0.11%	0.11%
	KEY	B	0.06%	0.05%	0.05%
	KEYS	C	0.11%	0.07%	0.07%
	KIM	C	0.06%	0.05%	0.05%
	KMB	D	0.11%	0.13%	0.11%
	KMI	B	0.17%	0.11%	0.11%
	KMX	D	0.05%	0.04%	0.04%
	KO	C	0.48%	0.76%	0.48%
	KSS	F	0.01%	0.01%	0.01%
	LDOS	B	0.09%	0.05%	0.05%
	LEA	F	0.03%	0.02%	0.02%
	LHX	C	0.18%	0.12%	0.12%
	LIN	B	0.92%	0.63%	0.63%
	LITE	B	0.02%	0.01%	0.01%
	LMT	C	0.33%	0.33%	0.33%
	LNC	D	0.02%	0.02%	0.02%
	LNG	C	0.08%	0.1%	0.08%
	LOPE	D	0.01%	0.01%	0.01%
	LOW	B	0.57%	0.41%	0.41%
	LPX	B	0.01%	0.02%	0.01%
	LUV	C	0.07%	0.05%	0.05%
	LYB	D	0.1%	0.07%	0.07%
	M	F	0.02%	0.01%	0.01%
	MAR	C	0.22%	0.15%	0.15%
	MAS	B	0.07%	0.05%	0.05%
	MCK	F	0.17%	0.18%	0.17%
	MDLZ	B	0.39%	0.28%	0.28%
	MDT	C	0.47%	0.29%	0.29%
	MDU	C	0.02%	0.01%	0.01%
	MET	B	0.19%	0.14%	0.14%
	MGM	F	0.04%	0.02%	0.02%
	MKC	C	0.08%	0.06%	0.06%
	MKTX	C	0.04%	0.03%	0.03%
	MLM	D	0.12%	0.09%	0.09%
	MMC	C	0.39%	0.36%	0.36%
	MMM	B	0.24%	0.19%	0.19%
	MOS	F	0.04%	0.02%	0.02%
	MPC	F	0.25%	0.15%	0.15%
	MRNA	F	0.1%	0.06%	0.06%
	MRVL	C	0.24%	0.14%	0.14%
	MS	D	0.45%	0.35%	0.35%
	MSCI	C	0.08%	0.13%	0.08%
	MTB	B	0.11%	0.08%	0.08%
	MTCH	C	0.04%	0.03%	0.03%
	MTG	B	0.03%	0.02%	0.02%
	MU	F	0.43%	0.22%	0.22%
	NDAQ	A	0.12%	0.09%	0.09%
	NDSN	C	0.06%	0.04%	0.04%
	NEE	C	0.66%	0.51%	0.51%
	NEM	B	0.25%	0.16%	0.16%
	NKE	D	0.15%	0.26%	0.15%
	NOC	B	0.29%	0.2%	0.2%
	NRG	C	0.04%	0.05%	0.04%
	NTAP	D	0.06%	0.06%	0.06%
	NTNX	C	0.04%	0.04%	0.04%
	NVST	D	0.01%	0.01%	0.01%
	NVT	D	0.05%	0.03%	0.03%
	NWS	D	0.01%	0.01%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	OC	D	0.06%	0.04%	0.04%
	OGN	D	0.02%	0.01%	0.01%
	OKE	B	0.22%	0.14%	0.14%
	OKTA	F	0.03%	0.03%	0.03%
	OMC	B	0.08%	0.06%	0.06%
	ON	D	0.13%	0.07%	0.07%
	OSK	F	0.03%	0.02%	0.02%
	OTIS	C	0.15%	0.1%	0.1%
	OXY	F	0.15%	0.08%	0.08%
	PAG	D	0.01%	0.01%	0.01%
	PARA	F	0.03%	0.02%	0.02%
	PEG	B	0.16%	0.12%	0.12%
	PENN	D	0.01%	0.01%	0.01%
	PEP	C	0.2%	0.67%	0.2%
	PFE	C	0.66%	0.4%	0.4%
	PFG	B	0.08%	0.06%	0.06%
	PG	C	1.26%	1.15%	1.15%
	PGR	B	0.09%	0.45%	0.09%
	PII	D	0.02%	0.01%	0.01%
	PINC	C	0.01%	0.01%	0.01%
	PLD	C	0.47%	0.45%	0.45%
	PNC	B	0.29%	0.22%	0.22%
	PNFP	B	0.03%	0.02%	0.02%
	PNR	B	0.06%	0.04%	0.04%
	PNW	C	0.04%	0.03%	0.03%
	PPG	D	0.12%	0.08%	0.08%
	PPL	C	0.09%	0.07%	0.07%
	PRU	C	0.17%	0.13%	0.13%
	PVH	F	0.02%	0.02%	0.02%
	PWR	B	0.11%	0.1%	0.1%
	PYPL	B	0.3%	0.2%	0.2%
	QCOM	D	0.05%	0.42%	0.05%
	QS	F	0.01%	0.0%	0.0%
	RCL	B	0.1%	0.11%	0.1%
	REGN	C	0.46%	0.28%	0.28%
	RF	B	0.09%	0.06%	0.06%
	RGA	C	0.06%	0.04%	0.04%
	RGEN	F	0.03%	0.02%	0.02%
	RKT	C	0.01%	0.01%	0.01%
	RMD	C	0.1%	0.09%	0.09%
	ROK	D	0.11%	0.08%	0.08%
	RRC	D	0.03%	0.02%	0.02%
	RTX	C	0.66%	0.44%	0.44%
	SBAC	C	0.1%	0.1%	0.1%
	SBUX	C	0.1%	0.3%	0.1%
	SCHW	D	0.35%	0.29%	0.29%
	SCI	B	0.04%	0.03%	0.03%
	SHW	B	0.03%	0.24%	0.03%
	SITE	C	0.02%	0.02%	0.02%
	SLM	D	0.02%	0.01%	0.01%
	SNDR	B	0.01%	0.0%	0.0%
	SNV	C	0.03%	0.02%	0.02%
	SOFI	C	0.03%	0.02%	0.02%
	SOLV	C	0.04%	0.03%	0.03%
	SON	C	0.02%	0.01%	0.01%
	SPGI	B	0.64%	0.51%	0.51%
	SPR	D	0.01%	0.01%	0.01%
	SRE	C	0.21%	0.16%	0.16%
	ST	D	0.02%	0.01%	0.01%
	STT	A	0.11%	0.08%	0.08%
	SWK	B	0.06%	0.04%	0.04%
	SYF	C	0.08%	0.05%	0.05%
	SYK	C	0.37%	0.32%	0.32%
	SYY	D	0.06%	0.11%	0.06%
	T	C	0.57%	0.37%	0.37%
	TAP	D	0.04%	0.03%	0.03%
	TER	D	0.01%	0.05%	0.01%
	TFC	C	0.24%	0.17%	0.17%
	TFX	C	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.19%	0.19%
	THG	B	0.02%	0.02%	0.02%
	TJX	B	0.22%	0.38%	0.22%
	TKR	D	0.02%	0.01%	0.01%
	TMO	B	0.94%	0.58%	0.58%
	TMUS	C	0.39%	0.23%	0.23%
	TNL	D	0.01%	0.01%	0.01%
	TPR	C	0.04%	0.03%	0.03%
	TRU	B	0.07%	0.05%	0.05%
	TRV	C	0.21%	0.17%	0.17%
	TSN	C	0.07%	0.05%	0.05%
	TT	B	0.22%	0.21%	0.21%
	TTWO	C	0.11%	0.08%	0.08%
	TW	B	0.03%	0.04%	0.03%
	TXN	C	0.69%	0.42%	0.42%
	TXT	D	0.07%	0.05%	0.05%
	TYL	C	0.02%	0.06%	0.02%
	UAL	C	0.06%	0.05%	0.05%
	UDR	C	0.06%	0.06%	0.06%
	UNH	C	2.03%	1.32%	1.32%
	UNM	B	0.04%	0.03%	0.03%
	UNP	C	0.33%	0.42%	0.33%
	UPS	D	0.38%	0.25%	0.25%
	URI	B	0.15%	0.13%	0.13%
	USB	B	0.3%	0.22%	0.22%
	USFD	B	0.05%	0.04%	0.04%
	VFC	C	0.03%	0.02%	0.02%
	VLO	F	0.19%	0.11%	0.11%
	VNT	F	0.02%	0.01%	0.01%
	VOYA	B	0.03%	0.02%	0.02%
	VRTX	D	0.26%	0.29%	0.26%
	VTR	C	0.1%	0.1%	0.1%
	VZ	B	0.71%	0.44%	0.44%
	W	D	0.02%	0.01%	0.01%
	WAB	B	0.12%	0.08%	0.08%
	WAT	C	0.03%	0.05%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	D	0.08%	0.05%	0.05%
	WDC	D	0.09%	0.05%	0.05%
	WH	B	0.02%	0.02%	0.02%
	WHR	D	0.02%	0.02%	0.02%
	WMB	B	0.22%	0.14%	0.14%
	WMT	C	1.35%	0.98%	0.98%
	WSM	D	0.03%	0.05%	0.03%
	WTW	C	0.12%	0.09%	0.09%
	WU	F	0.01%	0.01%	0.01%
	WY	C	0.09%	0.08%	0.08%
	XEL	B	0.14%	0.11%	0.11%
	XOM	C	2.12%	1.27%	1.27%
	XRAY	D	0.02%	0.01%	0.01%
	XYL	C	0.13%	0.09%	0.09%
	YETI	D	0.01%	0.01%	0.01%
	Z	B	0.03%	0.03%	0.03%
	ZBH	F	0.09%	0.05%	0.05%
	ZBRA	B	0.06%	0.05%	0.05%
	ZG	B	0.02%	0.01%	0.01%
	ZM	C	0.07%	0.04%	0.04%
	ZTS	C	0.06%	0.21%	0.06%

VONV Overweight 448 Positions Relative to JUST

	Symbol	Grade	Weight
	BRK.A	C	3.5%
	JNJ	C	1.61%
	WFC	D	0.82%
	MCD	B	0.78%
	PM	C	0.77%
	CB	B	0.46%
	SO	B	0.38%
	MO	C	0.37%
	GD	B	0.33%
	PH	B	0.31%
	EOG	D	0.3%
	WELL	C	0.29%
	SLB	F	0.25%
	AJG	D	0.24%
	ROP	C	0.24%
	KKR	B	0.24%
	PSX	F	0.24%
	TDG	B	0.24%
	NSC	C	0.23%
	DHI	B	0.22%
	O	C	0.21%
	PCAR	D	0.2%
	FIS	B	0.19%
	ITW	C	0.19%
	LEN	B	0.18%
	PSA	B	0.18%
	KVUE	C	0.17%
	PCG	C	0.17%
	RSG	D	0.17%
	MCHP	F	0.17%
	CTVA	B	0.16%
	SPG	B	0.16%
	NUE	F	0.15%
	HWM	B	0.15%
	EXR	B	0.15%
	ROST	C	0.15%
	MSI	B	0.15%
	STZ	D	0.15%
	FANG	D	0.14%
	VICI	C	0.14%
	ED	C	0.14%
	KR	C	0.14%
	KHC	C	0.13%
	GEHC	C	0.13%
	APH	D	0.13%
	WEC	C	0.12%
	EFX	B	0.12%
	MTD	D	0.12%
	PAYX	C	0.11%
	NVR	B	0.11%
	PHM	B	0.11%
	GPN	D	0.11%
	STE	C	0.1%
	VMC	D	0.1%
	DELL	D	0.1%
	FCNCA	D	0.1%
	CHD	D	0.1%
	FE	C	0.1%
	DOV	B	0.1%
	DTE	C	0.1%
	SQ	D	0.09%
	HUBB	B	0.09%
	INVH	C	0.09%
	RJF	C	0.09%
	TROW	D	0.09%
	YUM	D	0.09%
	MAA	B	0.08%
	BLDR	C	0.08%
	MSTR	D	0.08%
	ATO	B	0.08%
	CFG	C	0.08%
	GPC	D	0.08%
	CMS	C	0.08%
	TDY	B	0.08%
	ARE	C	0.08%
	CINF	B	0.08%
	RS	D	0.07%
	MRO	C	0.07%
	WSO	C	0.07%
	AMCR	B	0.07%
	CCL	C	0.07%
	SUI	B	0.07%
	IP	B	0.07%
	BMRN	F	0.07%
	DLTR	F	0.07%
	SWKS	D	0.07%
	STLD	F	0.07%
	CTRA	D	0.07%
	DG	F	0.07%
	NTRS	A	0.07%
	EQT	D	0.07%
	WRB	C	0.07%
	PKG	B	0.07%
	UHS	B	0.06%
	TRMB	C	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	EG	C	0.06%
	VTRS	D	0.06%
	JBHT	D	0.06%
	EXPD	C	0.06%
	SNA	C	0.06%
	NI	B	0.06%
	L	C	0.06%
	CAG	C	0.06%
	VRSN	D	0.06%
	TOL	B	0.06%
	LNT	B	0.06%
	CDW	D	0.06%
	APO	C	0.06%
	VLTO	C	0.06%
	FNF	B	0.06%
	MKL	C	0.06%
	RBA	B	0.06%
	DOC	C	0.06%
	UTHR	C	0.06%
	THC	A	0.06%
	SSNC	B	0.06%
	RPRX	C	0.05%
	RPM	B	0.05%
	OVV	F	0.05%
	TECH	C	0.05%
	FTI	D	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	JBL	D	0.05%
	SJM	C	0.05%
	CW	B	0.05%
	ALLE	B	0.05%
	SW	B	0.05%
	HST	C	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%
	DCI	C	0.04%
	SF	A	0.04%
	TWLO	D	0.04%
	WAL	B	0.04%
	CG	D	0.04%
	EVR	A	0.04%
	NYT	C	0.04%
	DRI	B	0.04%
	EGP	B	0.04%
	WST	D	0.04%
	ORI	B	0.04%
	PRI	B	0.04%
	SNX	D	0.04%
	CHRD	F	0.04%
	EHC	C	0.04%
	RGLD	C	0.04%
	DPZ	F	0.04%
	FRT	C	0.04%
	AFG	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%
	WWD	D	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	AOS	D	0.04%
	CRL	F	0.04%
	QGEN	C	0.04%
	COHR	C	0.04%
	CVNA	B	0.04%
	FDS	C	0.04%
	EPAM	F	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	CACI	B	0.04%
	REXR	C	0.04%
	CTLT	B	0.04%
	EME	B	0.04%
	LKQ	F	0.04%
	AVY	C	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	HII	D	0.04%
	R	A	0.03%
	GME	F	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	FICO	B	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%
	RL	C	0.03%
	PB	B	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	LFUS	C	0.03%
	SAIC	C	0.03%
	XP	D	0.03%
	MSA	D	0.03%
	EXAS	C	0.03%
	SEIC	C	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	KEX	C	0.03%
	SWN	D	0.03%
	NOV	F	0.03%
	SSD	D	0.03%
	PR	F	0.03%
	JAZZ	D	0.03%
	FYBR	C	0.03%
	WTFC	B	0.03%
	MTZ	B	0.03%
	AGNC	B	0.03%
	CROX	D	0.03%
	MNST	D	0.03%
	ZION	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%
	CRBG	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%
	ATI	C	0.03%
	OGE	C	0.03%
	COKE	C	0.03%
	AXTA	B	0.03%
	TKO	B	0.03%
	APG	D	0.03%
	WBS	D	0.03%
	CZR	C	0.03%
	ALSN	B	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%
	PTC	D	0.03%
	SKX	D	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%
	NEU	D	0.02%
	LSXMK	D	0.02%
	IAC	C	0.02%
	PRGO	D	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	BYD	C	0.02%
	UHAL	A	0.02%
	SAIA	D	0.02%
	DLB	D	0.02%
	BILL	D	0.02%
	KRC	B	0.02%
	CUZ	B	0.02%
	FRPT	B	0.02%
	SLGN	B	0.02%
	FLO	C	0.02%
	PSN	B	0.02%
	CIVI	F	0.02%
	OLED	C	0.02%
	ASH	D	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%
	AZO	D	0.02%
	AL	D	0.02%
	SEE	D	0.02%
	WLK	D	0.02%
	JHG	B	0.02%
	AVT	C	0.02%
	WSC	D	0.02%
	SN	B	0.02%
	IDA	C	0.02%
	ORLY	C	0.02%
	OLN	D	0.02%
	HXL	F	0.02%
	UGI	C	0.02%
	FNB	C	0.02%
	BC	C	0.02%
	KD	D	0.02%
	NFG	B	0.02%
	THO	D	0.02%
	OLLI	C	0.02%
	SRCL	A	0.02%
	LBRDK	F	0.02%
	AMG	C	0.02%
	OMF	D	0.02%
	GWW	B	0.02%
	DASH	C	0.02%
	VMI	D	0.02%
	POST	C	0.02%
	BEN	F	0.02%
	COIN	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	RLI	B	0.02%
	ESI	D	0.02%
	VNO	B	0.02%
	LW	D	0.02%
	MTSI	D	0.02%
	FAST	C	0.02%
	MTDR	F	0.02%
	STWD	B	0.02%
	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%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	FTRE	D	0.01%
	PSTG	F	0.01%
	SHC	C	0.01%
	IPGP	F	0.01%
	SAM	F	0.01%
	BIRK	F	0.01%
	GLOB	D	0.01%
	ADTN	D	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	RCM	C	0.01%
	JWN	C	0.01%
	ULTA	D	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	B	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%
	CNM	F	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	IRDM	D	0.01%
	CACC	F	0.01%
	NWL	C	0.01%
	SMG	C	0.01%
	RH	B	0.01%
	PAYC	D	0.01%
	ZI	D	0.01%
	FHB	D	0.01%
	AM	C	0.01%
	AMED	C	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	0.01%
	NXST	D	0.01%
	NSA	B	0.01%
	HIW	B	0.01%
	MAN	C	0.01%
	EPR	B	0.01%
	CTAS	B	0.01%
	MSGS	B	0.01%
	LCID	C	0.01%
	CNXC	F	0.01%
	HUN	D	0.01%
	DNB	C	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%
	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%
	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%
	UA	D	0.0%
	WOLF	F	0.0%

VONV Underweight 60 Positions Relative to JUST

	Symbol	Grade	Weight
	AAPL	C	-7.52%
	MSFT	C	-7.24%
	NVDA	D	-6.04%
	AMZN	C	-4.77%
	GOOGL	D	-2.05%
	LLY	C	-1.84%
	GOOG	D	-1.73%
	AVGO	C	-1.58%
	V	C	-1.23%
	COST	B	-1.13%
	MA	B	-1.11%
	MRK	D	-0.71%
	ADBE	F	-0.61%
	AMT	C	-0.42%
	ISRG	B	-0.41%
	NOW	B	-0.41%
	UBER	C	-0.4%
	INTU	C	-0.4%
	PANW	D	-0.25%
	WM	D	-0.25%
	MCO	B	-0.24%
	CME	C	-0.24%
	LRCX	F	-0.22%
	CMG	C	-0.21%
	SNPS	D	-0.17%
	CDNS	D	-0.16%
	ABNB	D	-0.14%
	ADSK	C	-0.13%
	WDAY	D	-0.12%
	VRSK	D	-0.11%
	IDXX	C	-0.1%
	LULU	D	-0.09%
	IT	B	-0.09%
	MPWR	C	-0.09%
	VST	C	-0.08%
	TSCO	C	-0.08%
	DECK	C	-0.07%
	BAH	C	-0.06%
	CLX	C	-0.06%
	DXCM	F	-0.06%
	MDB	D	-0.05%
	EXPE	C	-0.05%
	GDDY	C	-0.05%
	LPLA	D	-0.05%
	LII	B	-0.05%
	NET	D	-0.05%
	EQH	C	-0.04%
	LVS	D	-0.04%
	DOCU	C	-0.03%
	ZS	F	-0.03%
	SMAR	C	-0.02%
	DVA	B	-0.02%
	NCLH	C	-0.02%
	OWL	C	-0.02%
	PEGA	C	-0.01%
	TDC	F	-0.01%
	RARE	B	-0.01%
	GTLB	D	-0.01%
	ESTC	F	-0.01%
	INSP	C	-0.01%

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

JUST: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Semiconductors Credit Services Utilities - Regulated Electric Capital Markets Diagnostics & Research Biotechnology Drug Manufacturers - Major Medical Instruments & Supplies Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Insurance - Life Medical Devices Software - Infrastructure Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Telecommunications Bank Electronics Medicine Banking Chemical Aerospace Mining Disability Insurance Products Semiconductor Work From Home Financial Products