VONV vs. MODL ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	VONV	MODL
30 Days	3.51%	2.91%
60 Days	4.96%	4.12%
90 Days	7.00%	5.95%
12 Months	29.73%	30.78%

243 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in MODL	Overlap
	A	D	0.15%	0.13%	0.13%
	ABBV	D	0.82%	1.05%	0.82%
	ABT	B	0.78%	0.72%	0.72%
	ACGL	D	0.14%	0.1%	0.1%
	ACN	C	0.87%	0.31%	0.31%
	ADI	D	0.44%	0.14%	0.14%
	ADM	D	0.11%	0.1%	0.1%
	AFL	B	0.23%	0.16%	0.16%
	AIG	B	0.2%	0.14%	0.14%
	AJG	B	0.23%	0.18%	0.18%
	AKAM	D	0.06%	0.02%	0.02%
	ALGN	D	0.03%	0.06%	0.03%
	ALL	A	0.17%	0.15%	0.15%
	ALNY	D	0.02%	0.11%	0.02%
	AMAT	F	0.05%	0.2%	0.05%
	AMD	F	0.32%	0.32%	0.32%
	AMGN	D	0.15%	0.54%	0.15%
	AMP	A	0.02%	0.31%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.23%	0.23%
	APH	A	0.13%	0.12%	0.12%
	APO	B	0.08%	0.18%	0.08%
	APTV	D	0.06%	0.03%	0.03%
	AVTR	F	0.06%	0.05%	0.05%
	AXP	A	0.38%	0.56%	0.38%
	AZO	C	0.02%	0.1%	0.02%
	BAC	A	1.14%	1.02%	1.02%
	BAX	D	0.07%	0.06%	0.06%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.27%	0.22%	0.22%
	BEN	C	0.02%	0.04%	0.02%
	BIIB	F	0.1%	0.08%	0.08%
	BK	A	0.22%	0.33%	0.22%
	BKNG	A	0.04%	0.32%	0.04%
	BLK	C	0.58%	0.9%	0.58%
	BMRN	D	0.05%	0.04%	0.04%
	BMY	B	0.45%	0.41%	0.41%
	BRK.A	B	3.3%	1.72%	1.72%
	BRK.A	B	3.3%	0.65%	0.65%
	BRO	B	0.06%	0.07%	0.06%
	BSX	B	0.49%	0.48%	0.48%
	C	A	0.49%	0.37%	0.37%
	CAH	B	0.04%	0.11%	0.04%
	CB	C	0.46%	0.33%	0.33%
	CBOE	B	0.09%	0.12%	0.09%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.03%	0.03%
	CFG	B	0.08%	0.06%	0.06%
	CHD	B	0.1%	0.1%	0.1%
	CHTR	C	0.12%	0.08%	0.08%
	CI	F	0.32%	0.32%	0.32%
	CINF	A	0.09%	0.07%	0.07%
	CL	D	0.14%	0.28%	0.14%
	CMCSA	B	0.67%	0.34%	0.34%
	CME	A	0.32%	0.48%	0.32%
	CNC	D	0.13%	0.11%	0.11%
	COF	B	0.25%	0.19%	0.19%
	COIN	C	0.02%	0.37%	0.02%
	CRBG	B	0.03%	0.02%	0.02%
	CRM	B	0.17%	0.54%	0.17%
	CSCO	B	0.89%	0.31%	0.31%
	CTSH	B	0.15%	0.05%	0.05%
	CVS	D	0.29%	0.24%	0.24%
	DASH	A	0.03%	0.1%	0.03%
	DELL	C	0.11%	0.05%	0.05%
	DFS	B	0.15%	0.12%	0.12%
	DG	F	0.07%	0.07%	0.07%
	DGX	A	0.07%	0.07%	0.07%
	DHI	D	0.2%	0.09%	0.09%
	DHR	F	0.63%	0.54%	0.54%
	DIS	B	0.71%	0.43%	0.43%
	DLTR	F	0.05%	0.06%	0.05%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	EA	A	0.16%	0.08%	0.08%
	EBAY	D	0.12%	0.06%	0.06%
	EG	C	0.05%	0.03%	0.03%
	EL	F	0.04%	0.06%	0.04%
	ELV	F	0.32%	0.33%	0.32%
	EW	C	0.13%	0.15%	0.13%
	F	C	0.16%	0.08%	0.08%
	FCNCA	A	0.09%	0.06%	0.06%
	FDS	B	0.04%	0.11%	0.04%
	FI	A	0.31%	0.34%	0.31%
	FICO	B	0.03%	0.1%	0.03%
	FIS	C	0.2%	0.14%	0.14%
	FITB	A	0.12%	0.09%	0.09%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.03%	0.03%
	FTNT	C	0.04%	0.1%	0.04%
	GEHC	F	0.14%	0.13%	0.13%
	GEN	B	0.06%	0.02%	0.02%
	GILD	C	0.44%	0.42%	0.42%
	GIS	D	0.15%	0.12%	0.12%
	GLW	B	0.15%	0.05%	0.05%
	GM	B	0.23%	0.12%	0.12%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.08%	0.08%
	GRMN	B	0.12%	0.06%	0.06%
	GS	A	0.48%	1.05%	0.48%
	HBAN	A	0.09%	0.07%	0.07%
	HCA	F	0.2%	0.23%	0.2%
	HD	A	0.32%	0.8%	0.32%
	HIG	B	0.13%	0.1%	0.1%
	HLT	A	0.11%	0.13%	0.11%
	HOLX	D	0.07%	0.06%	0.06%
	HPE	B	0.1%	0.04%	0.04%
	HPQ	B	0.11%	0.05%	0.05%
	HRL	D	0.04%	0.03%	0.03%
	HSY	F	0.09%	0.09%	0.09%
	HUM	C	0.12%	0.12%	0.12%
	IBM	C	0.76%	0.26%	0.26%
	ICE	C	0.35%	0.52%	0.35%
	ILMN	D	0.09%	0.08%	0.08%
	INCY	C	0.04%	0.05%	0.04%
	INTC	D	0.37%	0.15%	0.15%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.13%	0.12%	0.12%
	JBL	B	0.05%	0.02%	0.02%
	JKHY	D	0.05%	0.04%	0.04%
	JNJ	D	1.54%	1.33%	1.33%
	JPM	A	2.55%	1.89%	1.89%
	K	A	0.08%	0.08%	0.08%
	KDP	D	0.15%	0.11%	0.11%
	KEYS	A	0.1%	0.04%	0.04%
	KHC	F	0.12%	0.13%	0.12%
	KKR	A	0.27%	0.59%	0.27%
	KMB	D	0.11%	0.17%	0.11%
	KO	D	0.43%	0.92%	0.43%
	KR	B	0.15%	0.14%	0.14%
	KVUE	A	0.18%	0.16%	0.16%
	L	A	0.06%	0.04%	0.04%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.0%	0.0%
	LEN	D	0.01%	0.0%	0.0%
	LH	C	0.08%	0.07%	0.07%
	LOW	D	0.6%	0.3%	0.3%
	LW	C	0.03%	0.06%	0.03%
	MAR	B	0.24%	0.13%	0.13%
	MCD	D	0.79%	0.4%	0.4%
	MCHP	D	0.16%	0.05%	0.05%
	MCK	B	0.15%	0.32%	0.15%
	MDLZ	F	0.37%	0.27%	0.27%
	MDT	D	0.46%	0.4%	0.4%
	MET	A	0.18%	0.14%	0.14%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.06%	0.06%
	MKL	A	0.06%	0.06%	0.06%
	MMC	B	0.37%	0.31%	0.31%
	MNST	C	0.03%	0.14%	0.03%
	MO	A	0.37%	0.33%	0.33%
	MOH	F	0.03%	0.06%	0.03%
	MRNA	F	0.07%	0.05%	0.05%
	MRVL	B	0.25%	0.11%	0.11%
	MS	A	0.51%	0.94%	0.51%
	MSCI	C	0.07%	0.26%	0.07%
	MSI	B	0.16%	0.11%	0.11%
	MSTR	C	0.14%	0.12%	0.12%
	MTB	A	0.13%	0.1%	0.1%
	MTD	D	0.11%	0.09%	0.09%
	MU	D	0.44%	0.15%	0.15%
	NDAQ	A	0.12%	0.15%	0.12%
	NKE	D	0.14%	0.17%	0.14%
	NTAP	C	0.05%	0.03%	0.03%
	NTNX	A	0.04%	0.01%	0.01%
	NTRS	A	0.08%	0.12%	0.08%
	NVR	D	0.1%	0.05%	0.05%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.04%	0.04%
	ORLY	B	0.02%	0.13%	0.02%
	PEP	F	0.19%	0.76%	0.19%
	PFE	D	0.64%	0.51%	0.51%
	PFG	D	0.08%	0.06%	0.06%
	PG	A	1.21%	1.54%	1.21%
	PGR	A	0.09%	0.42%	0.09%
	PHM	D	0.11%	0.05%	0.05%
	PM	B	0.83%	0.66%	0.66%
	PNC	B	0.3%	0.23%	0.23%
	PRU	A	0.18%	0.13%	0.13%
	PSTG	D	0.01%	0.02%	0.01%
	PTC	A	0.03%	0.04%	0.03%
	PYPL	B	0.32%	0.24%	0.24%
	QCOM	F	0.05%	0.25%	0.05%
	RCL	A	0.13%	0.1%	0.1%
	REGN	F	0.32%	0.3%	0.3%
	RF	A	0.09%	0.07%	0.07%
	RJF	A	0.11%	0.17%	0.11%
	RMD	C	0.1%	0.13%	0.1%
	ROP	B	0.23%	0.11%	0.11%
	ROST	C	0.14%	0.09%	0.09%
	RPRX	D	0.04%	0.04%	0.04%
	RVTY	F	0.06%	0.05%	0.05%
	SBUX	A	0.1%	0.21%	0.1%
	SCHW	B	0.38%	0.76%	0.38%
	SPGI	C	0.6%	0.93%	0.6%
	SQ	B	0.09%	0.14%	0.09%
	STE	F	0.09%	0.07%	0.07%
	STT	A	0.11%	0.16%	0.11%
	STZ	D	0.15%	0.14%	0.14%
	SWKS	F	0.06%	0.02%	0.02%
	SYF	B	0.09%	0.07%	0.07%
	SYK	C	0.36%	0.5%	0.36%
	SYY	B	0.06%	0.13%	0.06%
	T	A	0.65%	0.34%	0.34%
	TDY	B	0.08%	0.03%	0.03%
	TER	D	0.01%	0.02%	0.01%
	TFC	A	0.23%	0.17%	0.17%
	TGT	F	0.28%	0.27%	0.27%
	TJX	A	0.21%	0.26%	0.21%
	TMO	F	0.84%	0.69%	0.69%
	TMUS	B	0.43%	0.24%	0.24%
	TRMB	B	0.06%	0.02%	0.02%
	TROW	B	0.1%	0.15%	0.1%
	TRV	B	0.22%	0.17%	0.17%
	TSN	B	0.07%	0.06%	0.06%
	TTWO	A	0.11%	0.07%	0.07%
	TXN	C	0.65%	0.26%	0.26%
	TYL	B	0.02%	0.05%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	1.99%	1.94%
	USB	A	0.3%	0.22%	0.22%
	VRSN	F	0.06%	0.02%	0.02%
	VRTX	F	0.25%	0.44%	0.25%
	VTRS	A	0.06%	0.06%	0.06%
	VZ	C	0.71%	0.37%	0.37%
	WAT	B	0.03%	0.08%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WBD	C	0.08%	0.05%	0.05%
	WDC	D	0.09%	0.03%	0.03%
	WFC	A	0.91%	0.69%	0.69%
	WMT	A	1.42%	1.32%	1.32%
	WRB	A	0.07%	0.05%	0.05%
	WSM	B	0.03%	0.03%	0.03%
	WST	C	0.04%	0.08%	0.04%
	WTW	B	0.12%	0.09%	0.09%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.08%	0.08%
	ZBRA	B	0.06%	0.03%	0.03%
	ZM	B	0.08%	0.03%	0.03%
	ZTS	D	0.06%	0.29%	0.06%

VONV Overweight 602 Positions Relative to MODL

	Symbol	Grade	Weight
	XOM	B	2.1%
	CVX	A	1.03%
	LIN	D	0.88%
	NEE	D	0.65%
	RTX	C	0.64%
	CAT	B	0.63%
	GE	D	0.59%
	ETN	A	0.53%
	COP	C	0.51%
	HON	B	0.45%
	PLD	D	0.42%
	DE	A	0.41%
	SO	D	0.4%
	UPS	C	0.39%
	DUK	C	0.36%
	BA	F	0.34%
	WELL	A	0.33%
	EQIX	A	0.33%
	GEV	B	0.33%
	LMT	D	0.32%
	GD	F	0.32%
	PH	A	0.32%
	UNP	C	0.3%
	APD	A	0.28%
	CEG	D	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	FCX	D	0.26%
	CSX	B	0.26%
	EMR	A	0.25%
	FDX	B	0.25%
	WMB	A	0.25%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	SLB	C	0.23%
	DLR	B	0.23%
	MMM	D	0.23%
	TT	A	0.22%
	MPC	D	0.21%
	O	D	0.21%
	AEP	D	0.21%
	NEM	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	CARR	D	0.2%
	D	C	0.2%
	PSX	C	0.2%
	CCI	D	0.19%
	LHX	C	0.19%
	KMI	A	0.19%
	ITW	B	0.19%
	PSA	D	0.18%
	PEG	A	0.18%
	CMI	A	0.18%
	VLO	C	0.17%
	JCI	C	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	EXC	C	0.16%
	OTIS	C	0.16%
	CBRE	B	0.16%
	RSG	A	0.16%
	SPG	B	0.16%
	URI	B	0.16%
	DAL	C	0.15%
	XEL	A	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	IR	B	0.15%
	NUE	C	0.14%
	EXR	D	0.14%
	MLM	B	0.14%
	DD	D	0.14%
	DOW	F	0.14%
	ED	D	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	WAB	B	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	PPG	F	0.12%
	XYL	D	0.12%
	CSGP	D	0.12%
	WEC	A	0.12%
	PWR	A	0.12%
	VTR	C	0.11%
	EQR	B	0.11%
	SW	A	0.11%
	VMC	B	0.11%
	AWK	D	0.11%
	ROK	B	0.11%
	PAYX	C	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	DVN	F	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	FTV	C	0.1%
	IFF	D	0.1%
	UAL	A	0.1%
	DTE	C	0.1%
	DOV	A	0.1%
	EFX	F	0.1%
	LNG	B	0.09%
	LYB	F	0.09%
	WY	D	0.09%
	HUBB	B	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	INVH	D	0.08%
	IP	B	0.08%
	ARE	D	0.08%
	STLD	B	0.08%
	EQT	B	0.08%
	PKG	A	0.08%
	CMS	C	0.08%
	ATO	A	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	SNA	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	CTRA	B	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	LUV	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	CNP	B	0.07%
	CAG	D	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	VLTO	D	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	OC	A	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	DOC	D	0.06%
	NI	A	0.06%
	KEY	B	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	NVT	B	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	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%
	TW	A	0.04%
	WAL	B	0.04%
	CPB	D	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	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%
	TTEK	F	0.04%
	CE	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	BJ	A	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%
	WMS	D	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%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	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%
	FND	C	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%
	FAST	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%
	HII	D	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%
	SHW	A	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	BWA	D	0.03%
	EXAS	D	0.03%
	LECO	B	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%
	ECL	D	0.03%
	VOYA	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%
	ADP	B	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%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	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%
	WLK	D	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%
	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%
	SAIA	B	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%
	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%
	GWW	B	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%
	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%
	BR	A	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%
	BRKR	D	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%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	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%
	CPRT	A	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	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%
	CTAS	B	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	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 75 Positions Relative to MODL

	Symbol	Grade	Weight
	MSFT	F	-5.77%
	AAPL	C	-4.85%
	NVDA	C	-4.61%
	AMZN	C	-3.64%
	META	D	-2.64%
	LLY	F	-2.3%
	GOOGL	C	-2.21%
	GOOG	C	-1.97%
	TSLA	B	-1.86%
	COST	B	-1.6%
	V	A	-1.47%
	MA	C	-1.21%
	AVGO	D	-1.06%
	MRK	F	-0.88%
	NFLX	A	-0.77%
	BX	A	-0.76%
	ISRG	A	-0.69%
	ORCL	B	-0.53%
	MCO	B	-0.5%
	ADBE	C	-0.42%
	NOW	A	-0.37%
	INTU	C	-0.35%
	PANW	C	-0.22%
	PLTR	B	-0.19%
	ARES	A	-0.18%
	CRWD	B	-0.16%
	CDNS	B	-0.15%
	COR	B	-0.15%
	CMG	B	-0.15%
	SNPS	B	-0.15%
	IDXX	F	-0.13%
	LRCX	F	-0.13%
	ANET	C	-0.13%
	LPLA	A	-0.13%
	KLAC	D	-0.12%
	VEEV	C	-0.12%
	APP	B	-0.12%
	DXCM	D	-0.11%
	ABNB	C	-0.11%
	ADSK	A	-0.11%
	TTD	B	-0.11%
	WDAY	B	-0.1%
	CLX	B	-0.08%
	HUBS	A	-0.07%
	PODD	C	-0.07%
	DDOG	A	-0.07%
	CPAY	A	-0.07%
	SNOW	C	-0.06%
	TSCO	D	-0.06%
	TEAM	A	-0.06%
	LULU	C	-0.06%
	DECK	A	-0.05%
	IT	C	-0.05%
	RBLX	C	-0.05%
	GDDY	A	-0.04%
	LVS	C	-0.04%
	PINS	D	-0.04%
	MPWR	F	-0.04%
	DKNG	B	-0.04%
	NET	B	-0.04%
	LYV	A	-0.04%
	EXPE	B	-0.04%
	POOL	C	-0.03%
	DT	C	-0.03%
	STX	D	-0.03%
	MDB	C	-0.03%
	ZS	C	-0.03%
	SMCI	F	-0.02%
	CELH	F	-0.02%
	ENTG	D	-0.02%
	SNAP	C	-0.02%
	MANH	D	-0.01%
	ENPH	F	-0.01%
	BSY	D	-0.01%
	IOT	A	-0.0%

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

MODL: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diagnostics & Research Semiconductors Banks - Regional - US Capital Markets Drug Manufacturers - Major Software - Infrastructure Specialty Retail Insurance - Property & Casualty Medical Devices Biotechnology Credit Services Health Care Plans Household & Personal Products Internet Content & Information Medical Instruments & Supplies Packaged Foods Restaurants Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Medicine Cloud Computing Banking Electronics Insurance Products Work From Home Semiconductor Mobile Devices Cloud Infrastructure Disability Telecommunications Integrated Circuits Investment Bank Software