VONV vs. LGH ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to HCM Defender 500 Index ETF (LGH)

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

$83.01

Average Daily Volume

320,155

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$50.44

Average Daily Volume

23,261

Number of Holdings ^*

457

* may have additional holdings in another (foreign) market

Performance

Period	VONV	LGH
30 Days	0.50%	0.91%
60 Days	6.01%	4.95%
90 Days	8.85%	-1.75%
12 Months	29.17%	35.41%

383 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in LGH	Overlap
	A	B	0.17%	0.07%	0.07%
	ABBV	B	0.79%	0.52%	0.52%
	ABT	C	0.79%	0.29%	0.29%
	ACGL	B	0.16%	0.06%	0.06%
	ACN	B	0.86%	0.35%	0.35%
	ADI	C	0.47%	0.17%	0.17%
	ADM	F	0.12%	0.05%	0.05%
	ADP	A	0.03%	0.17%	0.03%
	AEE	A	0.09%	0.03%	0.03%
	AEP	C	0.21%	0.08%	0.08%
	AFL	A	0.25%	0.09%	0.09%
	AIG	F	0.21%	0.08%	0.08%
	AJG	D	0.24%	0.09%	0.09%
	AKAM	D	0.06%	0.02%	0.02%
	ALB	D	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	C	0.17%	0.07%	0.07%
	ALNY	C	0.01%	0.05%	0.01%
	AMAT	B	0.05%	0.25%	0.05%
	AMD	B	0.33%	0.41%	0.33%
	AME	D	0.16%	0.06%	0.06%
	AMGN	D	0.16%	0.25%	0.16%
	AMP	A	0.02%	0.07%	0.02%
	ANSS	D	0.11%	0.04%	0.04%
	AON	B	0.27%	0.1%	0.1%
	APA	F	0.04%	0.01%	0.01%
	APD	C	0.25%	0.09%	0.09%
	APH	D	0.13%	0.11%	0.11%
	APO	B	0.06%	0.08%	0.06%
	ARE	D	0.08%	0.03%	0.03%
	ATO	A	0.08%	0.03%	0.03%
	AVB	C	0.13%	0.05%	0.05%
	AVTR	D	0.07%	0.02%	0.02%
	AVY	D	0.04%	0.03%	0.03%
	AWK	C	0.11%	0.04%	0.04%
	AXP	B	0.37%	0.23%	0.23%
	AZO	D	0.02%	0.08%	0.02%
	BA	F	0.34%	0.13%	0.13%
	BAC	D	1.11%	0.42%	0.42%
	BALL	C	0.08%	0.03%	0.03%
	BAX	D	0.08%	0.03%	0.03%
	BBY	C	0.09%	0.03%	0.03%
	BDX	C	0.28%	0.11%	0.11%
	BG	F	0.06%	0.02%	0.02%
	BIIB	F	0.12%	0.04%	0.04%
	BK	C	0.2%	0.08%	0.08%
	BKNG	C	0.03%	0.22%	0.03%
	BKR	B	0.14%	0.05%	0.05%
	BLK	A	0.53%	0.2%	0.2%
	BMRN	F	0.07%	0.02%	0.02%
	BMY	B	0.41%	0.16%	0.16%
	BR	B	0.01%	0.03%	0.01%
	BRK.A	C	3.5%	1.19%	1.19%
	BRO	A	0.06%	0.03%	0.03%
	BSX	A	0.48%	0.18%	0.18%
	C	C	0.48%	0.17%	0.17%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.04%	0.04%	0.04%
	CARR	B	0.2%	0.1%	0.1%
	CAT	A	0.6%	0.29%	0.29%
	CB	B	0.46%	0.17%	0.17%
	CBOE	B	0.09%	0.03%	0.03%
	CBRE	B	0.14%	0.06%	0.06%
	CCI	C	0.2%	0.07%	0.07%
	CDW	D	0.06%	0.05%	0.05%
	CEG	A	0.21%	0.12%	0.12%
	CF	A	0.06%	0.02%	0.02%
	CFG	D	0.08%	0.02%	0.02%
	CHD	D	0.1%	0.03%	0.03%
	CHTR	D	0.13%	0.04%	0.04%
	CI	D	0.37%	0.16%	0.16%
	CINF	B	0.08%	0.03%	0.03%
	CL	D	0.16%	0.13%	0.13%
	CMCSA	C	0.62%	0.25%	0.25%
	CMI	A	0.17%	0.07%	0.07%
	CMS	A	0.08%	0.03%	0.03%
	CNC	F	0.17%	0.06%	0.06%
	CNP	B	0.07%	0.02%	0.02%
	COF	C	0.22%	0.08%	0.08%
	COIN	F	0.02%	0.06%	0.02%
	COP	D	0.54%	0.18%	0.18%
	CPRT	C	0.01%	0.06%	0.01%
	CRM	B	0.14%	0.38%	0.14%
	CSCO	A	0.82%	0.32%	0.32%
	CSGP	F	0.13%	0.04%	0.04%
	CSL	A	0.07%	0.04%	0.04%
	CSX	D	0.27%	0.1%	0.1%
	CTAS	C	0.01%	0.1%	0.01%
	CTRA	D	0.07%	0.02%	0.02%
	CTSH	B	0.16%	0.06%	0.06%
	CTVA	A	0.16%	0.07%	0.07%
	CVS	C	0.29%	0.12%	0.12%
	CVX	B	1.02%	0.37%	0.37%
	D	A	0.19%	0.07%	0.07%
	DAL	C	0.11%	0.04%	0.04%
	DASH	B	0.02%	0.06%	0.02%
	DD	C	0.14%	0.06%	0.06%
	DE	B	0.39%	0.16%	0.16%
	DELL	C	0.1%	0.05%	0.05%
	DFS	C	0.14%	0.05%	0.05%
	DG	F	0.07%	0.03%	0.03%
	DGX	C	0.07%	0.03%	0.03%
	DHI	C	0.22%	0.09%	0.09%
	DHR	D	0.72%	0.28%	0.28%
	DIS	D	0.67%	0.25%	0.25%
	DLR	C	0.2%	0.07%	0.07%
	DLTR	F	0.07%	0.02%	0.02%
	DOV	B	0.1%	0.04%	0.04%
	DOW	B	0.15%	0.06%	0.06%
	DPZ	D	0.04%	0.02%	0.02%
	DRI	C	0.04%	0.03%	0.03%
	DTE	A	0.1%	0.04%	0.04%
	DUK	B	0.35%	0.13%	0.13%
	DVN	F	0.11%	0.04%	0.04%
	EA	D	0.16%	0.05%	0.05%
	EBAY	A	0.12%	0.05%	0.05%
	ECL	B	0.03%	0.09%	0.03%
	ED	A	0.14%	0.05%	0.05%
	EFX	C	0.12%	0.06%	0.06%
	EIX	B	0.13%	0.05%	0.05%
	EL	D	0.05%	0.03%	0.03%
	ELV	F	0.44%	0.18%	0.18%
	EMR	B	0.24%	0.09%	0.09%
	EOG	B	0.3%	0.1%	0.1%
	EPAM	F	0.04%	0.02%	0.02%
	EQIX	C	0.3%	0.12%	0.12%
	EQR	C	0.11%	0.04%	0.04%
	EQT	B	0.07%	0.02%	0.02%
	ES	D	0.1%	0.04%	0.04%
	ESS	D	0.08%	0.03%	0.03%
	ETN	C	0.49%	0.19%	0.19%
	ETR	A	0.1%	0.04%	0.04%
	EVRG	C	0.05%	0.02%	0.02%
	EW	F	0.14%	0.06%	0.06%
	EXC	A	0.15%	0.06%	0.06%
	EXPD	D	0.06%	0.02%	0.02%
	EXR	C	0.15%	0.05%	0.05%
	F	D	0.18%	0.06%	0.06%
	FANG	C	0.14%	0.04%	0.04%
	FAST	C	0.02%	0.06%	0.02%
	FCX	B	0.25%	0.11%	0.11%
	FDS	C	0.04%	0.02%	0.02%
	FDX	F	0.27%	0.09%	0.09%
	FE	C	0.1%	0.04%	0.04%
	FICO	A	0.03%	0.06%	0.03%
	FIS	B	0.19%	0.07%	0.07%
	FITB	C	0.12%	0.05%	0.05%
	FSLR	C	0.1%	0.04%	0.04%
	FTNT	B	0.04%	0.08%	0.04%
	FTV	C	0.1%	0.04%	0.04%
	GD	C	0.33%	0.1%	0.1%
	GE	C	0.6%	0.29%	0.29%
	GEHC	C	0.13%	0.05%	0.05%
	GEV	A	0.22%	0.1%	0.1%
	GILD	A	0.4%	0.16%	0.16%
	GIS	C	0.16%	0.07%	0.07%
	GLW	C	0.13%	0.05%	0.05%
	GM	D	0.23%	0.1%	0.1%
	GPC	D	0.08%	0.03%	0.03%
	GPN	F	0.11%	0.04%	0.04%
	GRMN	D	0.11%	0.04%	0.04%
	GS	D	0.47%	0.25%	0.25%
	GWW	B	0.02%	0.06%	0.02%
	HAL	D	0.11%	0.04%	0.04%
	HBAN	D	0.09%	0.03%	0.03%
	HCA	C	0.23%	0.13%	0.13%
	HD	A	0.3%	0.6%	0.3%
	HES	C	0.05%	0.05%	0.05%
	HIG	B	0.14%	0.06%	0.06%
	HLT	B	0.11%	0.08%	0.08%
	HOLX	D	0.08%	0.02%	0.02%
	HON	C	0.46%	0.2%	0.2%
	HPE	B	0.1%	0.04%	0.04%
	HPQ	B	0.11%	0.05%	0.05%
	HST	D	0.05%	0.02%	0.02%
	HSY	F	0.1%	0.04%	0.04%
	HUBB	B	0.09%	0.03%	0.03%
	HUM	F	0.17%	0.06%	0.06%
	HWM	A	0.15%	0.06%	0.06%
	IBM	A	0.74%	0.31%	0.31%
	ICE	A	0.37%	0.13%	0.13%
	IEX	D	0.06%	0.02%	0.02%
	IFF	C	0.11%	0.04%	0.04%
	ILMN	B	0.08%	0.04%	0.04%
	INTC	D	0.38%	0.15%	0.15%
	INVH	F	0.09%	0.03%	0.03%
	IP	C	0.07%	0.02%	0.02%
	IQV	F	0.16%	0.06%	0.06%
	IR	B	0.15%	0.05%	0.05%
	IRM	A	0.06%	0.04%	0.04%
	ITW	B	0.19%	0.12%	0.12%
	J	F	0.08%	0.03%	0.03%
	JBHT	D	0.06%	0.02%	0.02%
	JBL	C	0.05%	0.02%	0.02%
	JCI	C	0.17%	0.08%	0.08%
	JKHY	A	0.05%	0.02%	0.02%
	JNJ	D	1.61%	0.69%	0.69%
	JPM	D	2.59%	1.19%	1.19%
	K	A	0.08%	0.03%	0.03%
	KDP	C	0.16%	0.05%	0.05%
	KEY	C	0.06%	0.02%	0.02%
	KEYS	C	0.11%	0.04%	0.04%
	KHC	F	0.13%	0.04%	0.04%
	KIM	C	0.06%	0.02%	0.02%
	KKR	C	0.24%	0.12%	0.12%
	KMB	D	0.11%	0.07%	0.07%
	KMI	A	0.17%	0.07%	0.07%
	KO	C	0.48%	0.42%	0.42%
	KR	C	0.14%	0.06%	0.06%
	KVUE	C	0.17%	0.06%	0.06%
	LDOS	A	0.09%	0.03%	0.03%
	LEN	B	0.01%	0.07%	0.01%
	LEN	B	0.18%	0.07%	0.07%
	LHX	A	0.18%	0.07%	0.07%
	LIN	B	0.92%	0.34%	0.34%
	LKQ	F	0.04%	0.01%	0.01%
	LMT	A	0.33%	0.22%	0.22%
	LNG	A	0.08%	0.06%	0.06%
	LNT	A	0.06%	0.03%	0.03%
	LOW	A	0.57%	0.23%	0.23%
	LUV	B	0.07%	0.03%	0.03%
	LW	D	0.02%	0.02%	0.02%
	LYB	F	0.1%	0.04%	0.04%
	MAA	D	0.08%	0.03%	0.03%
	MAR	B	0.22%	0.09%	0.09%
	MAS	A	0.07%	0.03%	0.03%
	MCD	A	0.78%	0.33%	0.33%
	MCHP	F	0.17%	0.06%	0.06%
	MCK	F	0.17%	0.1%	0.1%
	MDLZ	D	0.39%	0.15%	0.15%
	MDT	C	0.47%	0.19%	0.19%
	MET	B	0.19%	0.08%	0.08%
	MKC	C	0.08%	0.03%	0.03%
	MKL	C	0.06%	0.03%	0.03%
	MLM	F	0.12%	0.05%	0.05%
	MMC	D	0.39%	0.16%	0.16%
	MMM	C	0.24%	0.11%	0.11%
	MNST	D	0.03%	0.04%	0.03%
	MO	D	0.37%	0.14%	0.14%
	MOH	D	0.03%	0.03%	0.03%
	MPC	C	0.25%	0.1%	0.1%
	MRNA	F	0.1%	0.03%	0.03%
	MRO	C	0.07%	0.02%	0.02%
	MRVL	B	0.24%	0.09%	0.09%
	MS	B	0.45%	0.2%	0.2%
	MSCI	B	0.08%	0.06%	0.06%
	MSI	A	0.15%	0.11%	0.11%
	MTB	C	0.11%	0.04%	0.04%
	MTD	B	0.12%	0.05%	0.05%
	MU	D	0.43%	0.17%	0.17%
	NDAQ	B	0.12%	0.04%	0.04%
	NEE	A	0.66%	0.27%	0.27%
	NEM	C	0.25%	0.07%	0.07%
	NKE	D	0.15%	0.17%	0.15%
	NOC	B	0.29%	0.11%	0.11%
	NSC	D	0.23%	0.08%	0.08%
	NTAP	D	0.06%	0.04%	0.04%
	NTRS	C	0.07%	0.03%	0.03%
	NUE	C	0.15%	0.06%	0.06%
	NVR	B	0.11%	0.04%	0.04%
	O	A	0.21%	0.06%	0.06%
	OKE	A	0.22%	0.08%	0.08%
	OMC	C	0.08%	0.03%	0.03%
	ON	F	0.13%	0.05%	0.05%
	ORLY	A	0.02%	0.1%	0.02%
	OTIS	A	0.15%	0.06%	0.06%
	OXY	D	0.15%	0.05%	0.05%
	PAYX	A	0.11%	0.06%	0.06%
	PCAR	C	0.2%	0.07%	0.07%
	PCG	C	0.17%	0.07%	0.07%
	PEG	A	0.16%	0.06%	0.06%
	PEP	F	0.2%	0.35%	0.2%
	PFE	D	0.66%	0.26%	0.26%
	PFG	C	0.08%	0.03%	0.03%
	PG	D	1.26%	0.63%	0.63%
	PGR	C	0.09%	0.22%	0.09%
	PH	B	0.31%	0.12%	0.12%
	PHM	A	0.11%	0.05%	0.05%
	PKG	B	0.07%	0.03%	0.03%
	PLD	D	0.47%	0.18%	0.18%
	PM	D	0.77%	0.29%	0.29%
	PNC	C	0.29%	0.11%	0.11%
	PPG	D	0.12%	0.05%	0.05%
	PPL	B	0.09%	0.04%	0.04%
	PRU	C	0.17%	0.07%	0.07%
	PSA	C	0.18%	0.08%	0.08%
	PSX	D	0.24%	0.08%	0.08%
	PTC	D	0.03%	0.03%	0.03%
	PWR	B	0.11%	0.06%	0.06%
	PYPL	C	0.3%	0.13%	0.13%
	QCOM	C	0.05%	0.28%	0.05%
	RCL	C	0.1%	0.06%	0.06%
	REGN	D	0.46%	0.16%	0.16%
	RF	C	0.09%	0.03%	0.03%
	RJF	B	0.09%	0.04%	0.04%
	RMD	C	0.1%	0.05%	0.05%
	ROK	C	0.11%	0.05%	0.05%
	ROP	C	0.24%	0.08%	0.08%
	ROST	D	0.15%	0.07%	0.07%
	RPM	B	0.05%	0.02%	0.02%
	RS	D	0.07%	0.02%	0.02%
	RSG	C	0.17%	0.06%	0.06%
	RTX	A	0.66%	0.26%	0.26%
	SBAC	C	0.1%	0.04%	0.04%
	SBUX	C	0.1%	0.17%	0.1%
	SCHW	D	0.35%	0.13%	0.13%
	SHW	C	0.03%	0.13%	0.03%
	SJM	D	0.05%	0.02%	0.02%
	SLB	D	0.25%	0.08%	0.08%
	SO	A	0.38%	0.14%	0.14%
	SPG	A	0.16%	0.08%	0.08%
	SPGI	B	0.64%	0.24%	0.24%
	SQ	D	0.09%	0.06%	0.06%
	SRE	B	0.21%	0.08%	0.08%
	SSNC	C	0.06%	0.02%	0.02%
	STE	D	0.1%	0.03%	0.03%
	STLD	B	0.07%	0.03%	0.03%
	STT	C	0.11%	0.04%	0.04%
	STZ	D	0.15%	0.06%	0.06%
	SUI	D	0.07%	0.03%	0.03%
	SWK	C	0.06%	0.03%	0.03%
	SWKS	F	0.07%	0.02%	0.02%
	SYF	B	0.08%	0.02%	0.02%
	SYK	C	0.37%	0.18%	0.18%
	SYY	D	0.06%	0.06%	0.06%
	T	A	0.57%	0.23%	0.23%
	TDG	B	0.24%	0.09%	0.09%
	TDY	A	0.08%	0.03%	0.03%
	TER	C	0.01%	0.03%	0.01%
	TFC	D	0.24%	0.08%	0.08%
	TGT	D	0.29%	0.11%	0.11%
	TJX	D	0.22%	0.2%	0.2%
	TMO	D	0.94%	0.37%	0.37%
	TMUS	A	0.39%	0.15%	0.15%
	TRMB	B	0.06%	0.02%	0.02%
	TROW	D	0.09%	0.03%	0.03%
	TRU	A	0.07%	0.03%	0.03%
	TRV	C	0.21%	0.08%	0.08%
	TSN	D	0.07%	0.03%	0.03%
	TT	A	0.22%	0.13%	0.13%
	TTWO	F	0.11%	0.04%	0.04%
	TXN	C	0.69%	0.28%	0.28%
	TXT	F	0.07%	0.02%	0.02%
	TYL	B	0.02%	0.03%	0.02%
	UAL	B	0.06%	0.02%	0.02%
	ULTA	D	0.01%	0.03%	0.01%
	UNH	B	2.03%	1.03%	1.03%
	UNP	D	0.33%	0.22%	0.22%
	UPS	D	0.38%	0.15%	0.15%
	URI	C	0.15%	0.08%	0.08%
	USB	D	0.3%	0.1%	0.1%
	VICI	C	0.14%	0.05%	0.05%
	VLO	D	0.19%	0.07%	0.07%
	VLTO	A	0.06%	0.03%	0.03%
	VMC	D	0.1%	0.05%	0.05%
	VRSN	B	0.06%	0.03%	0.03%
	VRTX	D	0.26%	0.18%	0.18%
	VTR	C	0.1%	0.04%	0.04%
	VTRS	D	0.06%	0.02%	0.02%
	VZ	B	0.71%	0.28%	0.28%
	WAB	B	0.12%	0.05%	0.05%
	WAT	B	0.03%	0.03%	0.03%
	WBA	F	0.03%	0.01%	0.01%
	WBD	D	0.08%	0.03%	0.03%
	WDC	C	0.09%	0.03%	0.03%
	WEC	A	0.12%	0.04%	0.04%
	WELL	C	0.29%	0.1%	0.1%
	WFC	F	0.82%	0.3%	0.3%
	WMB	A	0.22%	0.08%	0.08%
	WMT	A	1.35%	0.5%	0.5%
	WPC	C	0.05%	0.02%	0.02%
	WRB	C	0.07%	0.03%	0.03%
	WST	D	0.04%	0.03%	0.03%
	WTW	C	0.12%	0.04%	0.04%
	WY	C	0.09%	0.04%	0.04%
	XEL	B	0.14%	0.06%	0.06%
	XOM	A	2.12%	0.98%	0.98%
	XYL	C	0.13%	0.05%	0.05%
	YUM	B	0.09%	0.06%	0.06%
	ZBH	F	0.09%	0.03%	0.03%
	ZBRA	C	0.06%	0.02%	0.02%
	ZM	C	0.07%	0.02%	0.02%
	ZTS	C	0.06%	0.13%	0.06%

VONV Overweight 461 Positions Relative to LGH

	Symbol	Grade	Weight
	FI	A	0.28%
	FCNCA	D	0.1%
	BLDR	B	0.08%
	MSTR	B	0.08%
	APTV	D	0.08%
	WSO	C	0.07%
	AMCR	C	0.07%
	CCL	C	0.07%
	UHS	D	0.06%
	GGG	C	0.06%
	EG	B	0.06%
	RGA	C	0.06%
	NDSN	C	0.06%
	OC	C	0.06%
	UDR	C	0.06%
	PNR	B	0.06%
	SNA	A	0.06%
	NI	A	0.06%
	L	D	0.06%
	GEN	B	0.06%
	TOL	A	0.06%
	RVTY	C	0.06%
	FNF	B	0.06%
	RBA	D	0.06%
	DOC	C	0.06%
	UTHR	C	0.06%
	THC	D	0.06%
	NVT	D	0.05%
	RPRX	D	0.05%
	INCY	B	0.05%
	ITT	C	0.05%
	BLD	D	0.05%
	OVV	D	0.05%
	TECH	D	0.05%
	FTI	B	0.05%
	TFX	C	0.05%
	EWBC	D	0.05%
	CUBE	C	0.05%
	RIVN	F	0.05%
	BXP	C	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%
	DKS	D	0.05%
	IPG	D	0.05%
	KMX	F	0.05%
	JNPR	B	0.05%
	CLH	C	0.05%
	CPT	C	0.05%
	RNR	A	0.05%
	REG	C	0.05%
	HOOD	C	0.05%
	IBKR	A	0.05%
	ELS	D	0.05%
	AMH	D	0.05%
	GLPI	A	0.05%
	USFD	C	0.05%
	ACM	A	0.05%
	DCI	C	0.04%
	SF	A	0.04%
	TWLO	B	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	D	0.04%
	ORI	B	0.04%
	FHN	D	0.04%
	GPK	D	0.04%
	PRI	A	0.04%
	SNX	D	0.04%
	MOS	F	0.04%
	MGM	C	0.04%
	CHRD	F	0.04%
	EHC	B	0.04%
	RGLD	C	0.04%
	TPR	C	0.04%
	HRL	F	0.04%
	TAP	D	0.04%
	FRT	D	0.04%
	CPB	D	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	GL	C	0.04%
	OHI	C	0.04%
	PFGC	A	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	MTCH	B	0.04%
	FOXA	A	0.04%
	FBIN	B	0.04%
	WWD	C	0.04%
	TTEK	A	0.04%
	PNW	B	0.04%
	DOX	B	0.04%
	AFRM	C	0.04%
	AOS	B	0.04%
	CRL	F	0.04%
	QGEN	F	0.04%
	ATR	A	0.04%
	AIZ	B	0.04%
	ALLY	F	0.04%
	COHR	A	0.04%
	CVNA	A	0.04%
	BJ	C	0.04%
	CCK	C	0.04%
	UNM	A	0.04%
	NRG	A	0.04%
	CACI	A	0.04%
	NWSA	D	0.04%
	CE	C	0.04%
	REXR	D	0.04%
	NTNX	C	0.04%
	CTLT	A	0.04%
	EME	C	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	D	0.04%
	HII	F	0.04%
	IVZ	B	0.03%
	R	C	0.03%
	GME	D	0.03%
	PARA	F	0.03%
	VFC	B	0.03%
	FAF	C	0.03%
	RHI	D	0.03%
	AAL	D	0.03%
	WMS	D	0.03%
	LSTR	F	0.03%
	MAT	D	0.03%
	BIO	B	0.03%
	FLS	B	0.03%
	CGNX	F	0.03%
	BPOP	D	0.03%
	Z	C	0.03%
	LEA	F	0.03%
	RL	B	0.03%
	PB	D	0.03%
	CFR	D	0.03%
	DAR	F	0.03%
	LFUS	D	0.03%
	GWRE	A	0.03%
	SAIC	A	0.03%
	SNV	D	0.03%
	OKTA	F	0.03%
	XP	F	0.03%
	MSA	F	0.03%
	MTG	B	0.03%
	EXAS	C	0.03%
	SEIC	B	0.03%
	BFAM	B	0.03%
	G	A	0.03%
	BBWI	F	0.03%
	SOFI	C	0.03%
	KEX	C	0.03%
	WSM	B	0.03%
	SWN	D	0.03%
	NOV	F	0.03%
	SSD	B	0.03%
	OSK	F	0.03%
	PR	D	0.03%
	JAZZ	F	0.03%
	FYBR	C	0.03%
	HRB	C	0.03%
	WTFC	C	0.03%
	RRC	B	0.03%
	MTZ	A	0.03%
	AGNC	C	0.03%
	CROX	C	0.03%
	ZION	D	0.03%
	VOYA	A	0.03%
	RGEN	F	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	ADC	B	0.03%
	GNTX	D	0.03%
	WYNN	B	0.03%
	ROKU	B	0.03%
	ARW	C	0.03%
	BRBR	A	0.03%
	HLI	B	0.03%
	STAG	D	0.03%
	ACHC	F	0.03%
	BWXT	A	0.03%
	FR	D	0.03%
	MKSI	F	0.03%
	MIDD	D	0.03%
	FND	C	0.03%
	PNFP	D	0.03%
	CRBG	B	0.03%
	CMA	C	0.03%
	DAY	B	0.03%
	ELAN	C	0.03%
	CBSH	D	0.03%
	DTM	A	0.03%
	LECO	F	0.03%
	CR	C	0.03%
	JEF	A	0.03%
	ONTO	C	0.03%
	CHE	C	0.03%
	AR	B	0.03%
	BWA	C	0.03%
	CRUS	D	0.03%
	AYI	A	0.03%
	ATI	C	0.03%
	OGE	A	0.03%
	COKE	C	0.03%
	DINO	D	0.03%
	BERY	C	0.03%
	AXTA	C	0.03%
	FCN	C	0.03%
	FMC	C	0.03%
	AA	B	0.03%
	TKO	A	0.03%
	APG	F	0.03%
	WBS	D	0.03%
	CZR	B	0.03%
	ALSN	A	0.03%
	GMED	D	0.03%
	LAD	C	0.03%
	LAMR	C	0.03%
	KNX	D	0.03%
	ACI	F	0.03%
	BRX	C	0.03%
	MHK	B	0.03%
	COLD	D	0.03%
	CIEN	A	0.03%
	TW	A	0.03%
	JLL	C	0.03%
	KBR	B	0.03%
	SKX	D	0.03%
	X	F	0.03%
	RBC	C	0.03%
	NNN	A	0.03%
	DXC	B	0.02%
	MSM	D	0.02%
	KMPR	D	0.02%
	LITE	A	0.02%
	NEU	F	0.02%
	LSXMK	D	0.02%
	W	D	0.02%
	IAC	D	0.02%
	PRGO	F	0.02%
	SITE	D	0.02%
	CPRI	B	0.02%
	DOCS	A	0.02%
	CLF	F	0.02%
	BYD	C	0.02%
	UHAL	B	0.02%
	SAIA	D	0.02%
	DLB	C	0.02%
	BILL	D	0.02%
	KRC	C	0.02%
	AGO	B	0.02%
	M	F	0.02%
	ROIV	D	0.02%
	CUZ	C	0.02%
	FRPT	C	0.02%
	SLGN	C	0.02%
	FLO	D	0.02%
	DBX	B	0.02%
	PSN	A	0.02%
	PII	D	0.02%
	CIVI	F	0.02%
	OLED	C	0.02%
	ASH	F	0.02%
	GAP	F	0.02%
	HOG	D	0.02%
	ALK	C	0.02%
	S	D	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%
	GNRC	B	0.02%
	ZG	C	0.02%
	AL	D	0.02%
	SEE	D	0.02%
	SLM	C	0.02%
	WLK	C	0.02%
	JHG	B	0.02%
	AVT	C	0.02%
	WSC	D	0.02%
	FOX	A	0.02%
	SN	A	0.02%
	IDA	D	0.02%
	OLN	C	0.02%
	MDU	C	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	C	0.02%
	COLB	C	0.02%
	UGI	C	0.02%
	WHR	C	0.02%
	FNB	D	0.02%
	BC	D	0.02%
	KD	D	0.02%
	VNT	F	0.02%
	NFG	A	0.02%
	THO	C	0.02%
	TKR	D	0.02%
	OLLI	C	0.02%
	SRCL	A	0.02%
	LBRDK	B	0.02%
	LNC	D	0.02%
	SON	D	0.02%
	AMG	B	0.02%
	OMF	F	0.02%
	WH	C	0.02%
	PVH	F	0.02%
	AGCO	D	0.02%
	H	C	0.02%
	VMI	B	0.02%
	POST	D	0.02%
	BEN	F	0.02%
	OGN	F	0.02%
	ST	F	0.02%
	GXO	D	0.02%
	ESAB	C	0.02%
	RLI	A	0.02%
	ESI	C	0.02%
	VNO	A	0.02%
	MTSI	C	0.02%
	MTDR	F	0.02%
	STWD	C	0.02%
	AXS	A	0.02%
	SNDR	C	0.01%
	LYFT	D	0.01%
	CERT	F	0.01%
	WEN	D	0.01%
	TRIP	F	0.01%
	INFA	D	0.01%
	LEG	D	0.01%
	MP	B	0.01%
	UAA	B	0.01%
	REYN	D	0.01%
	BROS	F	0.01%
	PPC	D	0.01%
	AZEK	C	0.01%
	GO	F	0.01%
	ALGM	F	0.01%
	VSTS	D	0.01%
	FTRE	F	0.01%
	LPX	C	0.01%
	PSTG	F	0.01%
	SHC	C	0.01%
	IPGP	D	0.01%
	SAM	C	0.01%
	BIRK	F	0.01%
	QS	F	0.01%
	GLOB	C	0.01%
	ADTN	C	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	KSS	D	0.01%
	RCM	B	0.01%
	ETSY	F	0.01%
	JWN	D	0.01%
	HHH	C	0.01%
	CRI	D	0.01%
	BOKF	D	0.01%
	YETI	C	0.01%
	PINC	F	0.01%
	MASI	B	0.01%
	AGR	B	0.01%
	VIRT	B	0.01%
	ENOV	F	0.01%
	CWEN	C	0.01%
	BRKR	D	0.01%
	VAC	D	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	D	0.01%
	COLM	D	0.01%
	AZTA	F	0.01%
	U	D	0.01%
	RKT	D	0.01%
	CNM	F	0.01%
	SPB	C	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	B	0.01%
	BHF	F	0.01%
	LOPE	D	0.01%
	CXT	F	0.01%
	NWL	F	0.01%
	SMG	B	0.01%
	RH	C	0.01%
	TNL	C	0.01%
	PAYC	D	0.01%
	ZI	D	0.01%
	FHB	D	0.01%
	AM	A	0.01%
	AMED	D	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	0.01%
	NXST	F	0.01%
	NWS	D	0.01%
	NSA	C	0.01%
	HIW	C	0.01%
	WU	D	0.01%
	MAN	D	0.01%
	EPR	C	0.01%
	MSGS	A	0.01%
	LCID	D	0.01%
	SPR	F	0.01%
	CNXC	F	0.01%
	HUN	C	0.01%
	DNB	D	0.01%
	AWI	A	0.01%
	COTY	F	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	B	0.0%
	SEG	D	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	UI	A	0.0%
	IONS	F	0.0%
	LBRDA	B	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	F	0.0%
	SIRI	C	0.0%
	TFSL	F	0.0%
	PATH	F	0.0%
	HCP	A	0.0%
	CWEN	C	0.0%
	SEB	F	0.0%
	TXG	F	0.0%
	FIVE	D	0.0%
	CAR	F	0.0%
	LSCC	D	0.0%
	PYCR	D	0.0%
	NCNO	D	0.0%
	DDS	D	0.0%
	AMC	F	0.0%
	MTN	D	0.0%
	CNA	D	0.0%
	HAS	B	0.0%
	UA	B	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%
	DV	F	0.0%

VONV Underweight 75 Positions Relative to LGH

	Symbol	Grade	Weight
	SPXL	C	-17.38%
	AAPL	C	-6.94%
	MSFT	D	-6.62%
	NVDA	B	-6.21%
	AMZN	C	-3.61%
	META	A	-2.51%
	GOOGL	B	-1.88%
	GOOG	B	-1.63%
	AVGO	C	-1.53%
	LLY	D	-1.51%
	TSLA	C	-1.39%
	V	C	-0.87%
	MA	A	-0.73%
	COST	C	-0.61%
	MRK	F	-0.44%
	NFLX	B	-0.44%
	ORCL	C	-0.38%
	ADBE	F	-0.34%
	ISRG	C	-0.26%
	INTU	F	-0.25%
	NOW	C	-0.25%
	UBER	C	-0.22%
	AMT	C	-0.17%
	BX	C	-0.16%
	PANW	D	-0.15%
	KLAC	B	-0.15%
	LRCX	D	-0.15%
	ANET	A	-0.13%
	WM	B	-0.12%
	CDNS	D	-0.11%
	SNPS	F	-0.11%
	MCO	D	-0.11%
	CME	A	-0.11%
	CMG	C	-0.1%
	PLTR	A	-0.1%
	ADSK	C	-0.09%
	TTD	A	-0.09%
	CRWD	D	-0.09%
	ABNB	D	-0.08%
	WDAY	D	-0.07%
	VRT	B	-0.07%
	ODFL	F	-0.06%
	VRSK	C	-0.06%
	IDXX	D	-0.06%
	MPWR	B	-0.06%
	SNOW	F	-0.05%
	DDOG	C	-0.05%
	TRGP	A	-0.05%
	IT	B	-0.05%
	VEEV	C	-0.05%
	DXCM	F	-0.04%
	AXON	A	-0.04%
	NET	D	-0.04%
	GDDY	D	-0.04%
	TEAM	D	-0.04%
	TSCO	B	-0.04%
	SMCI	F	-0.04%
	RBLX	D	-0.03%
	MDB	D	-0.03%
	CLX	C	-0.03%
	ENTG	D	-0.03%
	EXPE	B	-0.03%
	BAH	A	-0.03%
	DECK	B	-0.03%
	CPAY	A	-0.03%
	TPL	A	-0.03%
	PINS	C	-0.03%
	ARES	A	-0.03%
	STX	B	-0.03%
	HUBS	D	-0.03%
	ENPH	F	-0.02%
	LPLA	C	-0.02%
	PODD	C	-0.02%
	LVS	B	-0.02%
	POOL	B	-0.02%

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

LGH: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Insurance Electricity Electronics Aerospace Bank Medicine Semiconductor Banking Chemical Telecommunications Cloud Computing Real Estate Investment Trust Investment Bank Mining Petroleum Industry