VONV vs. PBUS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Invesco PureBeta MSCI USA ETF (PBUS)

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

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

Performance

Period	VONV	PBUS
30 Days	3.51%	3.61%
60 Days	4.96%	5.14%
90 Days	7.00%	6.91%
12 Months	29.73%	33.43%

485 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in PBUS	Overlap
	A	D	0.15%	0.07%	0.07%
	ABBV	D	0.82%	0.57%	0.57%
	ABT	B	0.78%	0.39%	0.39%
	ACGL	D	0.14%	0.07%	0.07%
	ACI	C	0.03%	0.01%	0.01%
	ACM	A	0.06%	0.03%	0.03%
	ACN	C	0.87%	0.43%	0.43%
	ADI	D	0.44%	0.2%	0.2%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.24%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.21%	0.1%	0.1%
	AES	F	0.05%	0.02%	0.02%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.23%	0.11%	0.11%
	AIG	B	0.2%	0.1%	0.1%
	AIZ	A	0.04%	0.02%	0.02%
	AJG	B	0.23%	0.12%	0.12%
	AKAM	D	0.06%	0.03%	0.03%
	ALB	C	0.04%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.1%	0.1%
	ALLE	D	0.05%	0.02%	0.02%
	ALLY	C	0.03%	0.02%	0.02%
	ALNY	D	0.02%	0.06%	0.02%
	AMAT	F	0.05%	0.27%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.32%	0.43%	0.32%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.15%	0.3%	0.15%
	AMH	D	0.05%	0.02%	0.02%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.14%	0.14%
	AOS	F	0.04%	0.02%	0.02%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.28%	0.14%	0.14%
	APH	A	0.13%	0.16%	0.13%
	APO	B	0.08%	0.13%	0.08%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.08%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.06%	0.06%
	AVTR	F	0.06%	0.03%	0.03%
	AVY	D	0.04%	0.03%	0.03%
	AWK	D	0.11%	0.05%	0.05%
	AXP	A	0.38%	0.32%	0.32%
	AZO	C	0.02%	0.1%	0.02%
	BA	F	0.34%	0.2%	0.2%
	BAC	A	1.14%	0.62%	0.62%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBWI	D	0.03%	0.01%	0.01%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.27%	0.12%	0.12%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.05%	0.02%	0.02%
	BIIB	F	0.1%	0.04%	0.04%
	BIO	D	0.03%	0.01%	0.01%
	BK	A	0.22%	0.11%	0.11%
	BKNG	A	0.04%	0.33%	0.04%
	BKR	B	0.15%	0.09%	0.09%
	BLDR	D	0.07%	0.04%	0.04%
	BLK	C	0.58%	0.29%	0.29%
	BMRN	D	0.05%	0.02%	0.02%
	BMY	B	0.45%	0.23%	0.23%
	BR	A	0.01%	0.05%	0.01%
	BRK.A	B	3.3%	1.2%	1.2%
	BRO	B	0.06%	0.05%	0.05%
	BSX	B	0.49%	0.26%	0.26%
	BXP	D	0.05%	0.02%	0.02%
	C	A	0.49%	0.25%	0.25%
	CAG	D	0.06%	0.02%	0.02%
	CAH	B	0.04%	0.06%	0.04%
	CARR	D	0.2%	0.12%	0.12%
	CAT	B	0.63%	0.36%	0.36%
	CB	C	0.46%	0.21%	0.21%
	CBOE	B	0.09%	0.04%	0.04%
	CBRE	B	0.16%	0.08%	0.08%
	CCI	D	0.19%	0.09%	0.09%
	CCK	C	0.04%	0.02%	0.02%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.28%	0.14%	0.14%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.04%	0.04%
	CG	A	0.04%	0.02%	0.02%
	CHD	B	0.1%	0.05%	0.05%
	CHRD	D	0.03%	0.02%	0.02%
	CHRW	C	0.05%	0.02%	0.02%
	CHTR	C	0.12%	0.07%	0.07%
	CI	F	0.32%	0.18%	0.18%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.14%	0.14%	0.14%
	CMCSA	B	0.67%	0.32%	0.32%
	CME	A	0.32%	0.16%	0.16%
	CMI	A	0.18%	0.1%	0.1%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.13%	0.06%	0.06%
	CNH	C	0.04%	0.02%	0.02%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.25%	0.13%	0.13%
	COIN	C	0.02%	0.12%	0.02%
	COP	C	0.51%	0.25%	0.25%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.01%	0.09%	0.01%
	CPT	B	0.05%	0.02%	0.02%
	CRBG	B	0.03%	0.02%	0.02%
	CRL	C	0.04%	0.02%	0.02%
	CRM	B	0.17%	0.61%	0.17%
	CSCO	B	0.89%	0.45%	0.45%
	CSGP	D	0.12%	0.06%	0.06%
	CSL	C	0.07%	0.04%	0.04%
	CSX	B	0.26%	0.13%	0.13%
	CTAS	B	0.01%	0.15%	0.01%
	CTLT	B	0.04%	0.02%	0.02%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.07%	0.07%
	CTVA	C	0.17%	0.08%	0.08%
	CVS	D	0.29%	0.14%	0.14%
	CVX	A	1.03%	0.54%	0.54%
	D	C	0.2%	0.09%	0.09%
	DAL	C	0.15%	0.02%	0.02%
	DASH	A	0.03%	0.1%	0.03%
	DAY	B	0.04%	0.02%	0.02%
	DD	D	0.14%	0.07%	0.07%
	DE	A	0.41%	0.2%	0.2%
	DELL	C	0.11%	0.07%	0.07%
	DFS	B	0.15%	0.08%	0.08%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.2%	0.09%	0.09%
	DHR	F	0.63%	0.3%	0.3%
	DINO	D	0.02%	0.01%	0.01%
	DIS	B	0.71%	0.4%	0.4%
	DKS	C	0.04%	0.02%	0.02%
	DLR	B	0.23%	0.12%	0.12%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.1%	0.05%	0.05%
	DOW	F	0.14%	0.06%	0.06%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.36%	0.17%	0.17%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.08%	0.08%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.14%	0.06%	0.06%
	EFX	F	0.1%	0.06%	0.06%
	EG	C	0.05%	0.03%	0.03%
	EIX	B	0.13%	0.06%	0.06%
	EL	F	0.04%	0.03%	0.03%
	ELS	C	0.05%	0.02%	0.02%
	ELV	F	0.32%	0.18%	0.18%
	EME	C	0.05%	0.05%	0.05%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.25%	0.14%	0.14%
	EOG	A	0.28%	0.15%	0.15%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.33%	0.17%	0.17%
	EQR	B	0.11%	0.05%	0.05%
	EQT	B	0.08%	0.05%	0.05%
	ES	D	0.09%	0.04%	0.04%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.28%	0.28%
	ETR	B	0.13%	0.06%	0.06%
	EVRG	A	0.05%	0.03%	0.03%
	EW	C	0.13%	0.08%	0.08%
	EXAS	D	0.03%	0.02%	0.02%
	EXC	C	0.16%	0.08%	0.08%
	EXPD	D	0.06%	0.03%	0.03%
	EXR	D	0.14%	0.07%	0.07%
	F	C	0.16%	0.08%	0.08%
	FANG	D	0.13%	0.07%	0.07%
	FAST	B	0.03%	0.09%	0.03%
	FBIN	D	0.04%	0.02%	0.02%
	FCNCA	A	0.09%	0.04%	0.04%
	FCX	D	0.26%	0.12%	0.12%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.25%	0.13%	0.13%
	FE	C	0.1%	0.04%	0.04%
	FFIV	B	0.05%	0.03%	0.03%
	FI	A	0.31%	0.25%	0.25%
	FICO	B	0.03%	0.11%	0.03%
	FIS	C	0.2%	0.09%	0.09%
	FITB	A	0.12%	0.06%	0.06%
	FNF	B	0.06%	0.03%	0.03%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.04%	0.04%
	FTNT	C	0.04%	0.12%	0.04%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.32%	0.13%	0.13%
	GE	D	0.59%	0.37%	0.37%
	GEHC	F	0.14%	0.07%	0.07%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.33%	0.18%	0.18%
	GGG	B	0.05%	0.03%	0.03%
	GILD	C	0.44%	0.21%	0.21%
	GIS	D	0.15%	0.07%	0.07%
	GLPI	C	0.05%	0.03%	0.03%
	GLW	B	0.15%	0.07%	0.07%
	GM	B	0.23%	0.12%	0.12%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.06%	0.06%
	GRMN	B	0.12%	0.06%	0.06%
	GS	A	0.48%	0.36%	0.36%
	GWW	B	0.02%	0.1%	0.02%
	H	B	0.02%	0.01%	0.01%
	HAL	C	0.1%	0.05%	0.05%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.13%	0.13%
	HD	A	0.32%	0.76%	0.32%
	HES	B	0.05%	0.08%	0.05%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.03%	0.01%	0.01%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.45%	0.28%	0.28%
	HOOD	B	0.06%	0.04%	0.04%
	HPE	B	0.1%	0.05%	0.05%
	HPQ	B	0.11%	0.07%	0.07%
	HRL	D	0.04%	0.02%	0.02%
	HSIC	B	0.04%	0.02%	0.02%
	HST	C	0.05%	0.02%	0.02%
	HSY	F	0.09%	0.05%	0.05%
	HUBB	B	0.09%	0.05%	0.05%
	HUM	C	0.12%	0.07%	0.07%
	HWM	A	0.15%	0.09%	0.09%
	IBM	C	0.76%	0.38%	0.38%
	ICE	C	0.35%	0.17%	0.17%
	IEX	B	0.07%	0.03%	0.03%
	IFF	D	0.1%	0.04%	0.04%
	ILMN	D	0.09%	0.04%	0.04%
	INCY	C	0.04%	0.02%	0.02%
	INTC	D	0.37%	0.2%	0.2%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	D	0.04%	0.02%	0.02%
	IQV	D	0.13%	0.07%	0.07%
	IR	B	0.15%	0.08%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ITW	B	0.19%	0.15%	0.15%
	J	F	0.07%	0.03%	0.03%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	B	0.05%	0.03%	0.03%
	JCI	C	0.17%	0.11%	0.11%
	JKHY	D	0.05%	0.02%	0.02%
	JNJ	D	1.54%	0.71%	0.71%
	JNPR	F	0.05%	0.02%	0.02%
	JPM	A	2.55%	1.33%	1.33%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.15%	0.07%	0.07%
	KEY	B	0.06%	0.03%	0.03%
	KEYS	A	0.1%	0.06%	0.06%
	KHC	F	0.12%	0.05%	0.05%
	KIM	A	0.06%	0.03%	0.03%
	KKR	A	0.27%	0.18%	0.18%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.19%	0.11%	0.11%
	KMX	B	0.04%	0.02%	0.02%
	KNX	B	0.03%	0.02%	0.02%
	KO	D	0.43%	0.5%	0.43%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.09%	0.09%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.1%	0.04%	0.04%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.19%	0.09%	0.09%
	LIN	D	0.88%	0.42%	0.42%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.32%	0.22%	0.22%
	LNG	B	0.09%	0.1%	0.09%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.6%	0.29%	0.29%
	LUV	C	0.07%	0.01%	0.01%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.09%	0.04%	0.04%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.24%	0.13%	0.13%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.4%	0.4%
	MCHP	D	0.16%	0.07%	0.07%
	MCK	B	0.15%	0.16%	0.15%
	MDLZ	F	0.37%	0.17%	0.17%
	MDT	D	0.46%	0.21%	0.21%
	MET	A	0.18%	0.1%	0.1%
	MGM	D	0.03%	0.02%	0.02%
	MKC	D	0.08%	0.04%	0.04%
	MKL	A	0.06%	0.04%	0.04%
	MKTX	D	0.04%	0.02%	0.02%
	MLM	B	0.14%	0.07%	0.07%
	MMC	B	0.37%	0.21%	0.21%
	MMM	D	0.23%	0.14%	0.14%
	MNST	C	0.03%	0.08%	0.03%
	MO	A	0.37%	0.18%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.21%	0.11%	0.11%
	MRNA	F	0.07%	0.02%	0.02%
	MRO	B	0.06%	0.03%	0.03%
	MRVL	B	0.25%	0.15%	0.15%
	MS	A	0.51%	0.31%	0.31%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MSTR	C	0.14%	0.14%	0.14%
	MTB	A	0.13%	0.07%	0.07%
	MTCH	D	0.04%	0.01%	0.01%
	MTD	D	0.11%	0.05%	0.05%
	MU	D	0.44%	0.21%	0.21%
	NDAQ	A	0.12%	0.07%	0.07%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.65%	0.3%	0.3%
	NEM	D	0.21%	0.1%	0.1%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.14%	0.17%	0.14%
	NOC	D	0.28%	0.13%	0.13%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.23%	0.11%	0.11%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.05%	0.05%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.21%	0.1%	0.1%
	OC	A	0.06%	0.03%	0.03%
	OKE	A	0.23%	0.13%	0.13%
	OKTA	C	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.06%	0.06%
	ORLY	B	0.02%	0.14%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OVV	B	0.04%	0.02%	0.02%
	OXY	D	0.13%	0.07%	0.07%
	PARA	C	0.03%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.21%	0.11%	0.11%
	PCG	A	0.17%	0.08%	0.08%
	PEG	A	0.18%	0.09%	0.09%
	PEP	F	0.19%	0.42%	0.19%
	PFE	D	0.64%	0.27%	0.27%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.78%	0.78%
	PGR	A	0.09%	0.29%	0.09%
	PH	A	0.32%	0.17%	0.17%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.08%	0.04%	0.04%
	PLD	D	0.42%	0.2%	0.2%
	PM	B	0.83%	0.39%	0.39%
	PNC	B	0.3%	0.16%	0.16%
	PNR	A	0.07%	0.03%	0.03%
	PPG	F	0.12%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.18%	0.09%	0.09%
	PSA	D	0.18%	0.1%	0.1%
	PSTG	D	0.01%	0.03%	0.01%
	PSX	C	0.2%	0.11%	0.11%
	PTC	A	0.03%	0.04%	0.03%
	PWR	A	0.12%	0.09%	0.09%
	PYPL	B	0.32%	0.16%	0.16%
	QCOM	F	0.05%	0.33%	0.05%
	QRVO	F	0.03%	0.01%	0.01%
	RCL	A	0.13%	0.11%	0.11%
	REG	B	0.05%	0.03%	0.03%
	REGN	F	0.32%	0.15%	0.15%
	RF	A	0.09%	0.05%	0.05%
	RIVN	F	0.03%	0.01%	0.01%
	RJF	A	0.11%	0.06%	0.06%
	RMD	C	0.1%	0.07%	0.07%
	ROK	B	0.11%	0.06%	0.06%
	ROKU	D	0.03%	0.02%	0.02%
	ROP	B	0.23%	0.11%	0.11%
	ROST	C	0.14%	0.09%	0.09%
	RPM	A	0.05%	0.03%	0.03%
	RPRX	D	0.04%	0.02%	0.02%
	RS	B	0.07%	0.04%	0.04%
	RSG	A	0.16%	0.09%	0.09%
	RTX	C	0.64%	0.31%	0.31%
	RVTY	F	0.06%	0.03%	0.03%
	SBAC	D	0.1%	0.05%	0.05%
	SBUX	A	0.1%	0.21%	0.1%
	SCHW	B	0.38%	0.23%	0.23%
	SEIC	B	0.03%	0.02%	0.02%
	SHW	A	0.03%	0.17%	0.03%
	SJM	D	0.05%	0.02%	0.02%
	SLB	C	0.23%	0.12%	0.12%
	SNA	A	0.07%	0.04%	0.04%
	SO	D	0.4%	0.19%	0.19%
	SOLV	C	0.04%	0.02%	0.02%
	SPG	B	0.16%	0.11%	0.11%
	SPGI	C	0.6%	0.31%	0.31%
	SQ	B	0.09%	0.1%	0.09%
	SRE	A	0.21%	0.11%	0.11%
	SSNC	B	0.06%	0.03%	0.03%
	STE	F	0.09%	0.04%	0.04%
	STLD	B	0.08%	0.04%	0.04%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.08%	0.08%
	SUI	D	0.07%	0.03%	0.03%
	SW	A	0.11%	0.06%	0.06%
	SWK	D	0.06%	0.02%	0.02%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.05%	0.05%
	SYK	C	0.36%	0.26%	0.26%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.65%	0.32%	0.32%
	TAP	C	0.04%	0.02%	0.02%
	TDG	D	0.23%	0.14%	0.14%
	TDY	B	0.08%	0.04%	0.04%
	TECH	D	0.05%	0.02%	0.02%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.23%	0.12%	0.12%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.28%	0.11%	0.11%
	TJX	A	0.21%	0.26%	0.21%
	TMO	F	0.84%	0.38%	0.38%
	TMUS	B	0.43%	0.24%	0.24%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	B	0.1%	0.05%	0.05%
	TRU	D	0.07%	0.04%	0.04%
	TRV	B	0.22%	0.11%	0.11%
	TSN	B	0.07%	0.03%	0.03%
	TT	A	0.22%	0.18%	0.18%
	TTC	D	0.03%	0.02%	0.02%
	TTWO	A	0.11%	0.06%	0.06%
	TW	A	0.04%	0.03%	0.03%
	TWLO	A	0.04%	0.03%	0.03%
	TXN	C	0.65%	0.35%	0.35%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.02%	0.05%	0.02%
	UDR	B	0.06%	0.03%	0.03%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.02%	0.01%	0.01%
	UHS	D	0.05%	0.02%	0.02%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	1.07%	1.07%
	UNP	C	0.3%	0.27%	0.27%
	UPS	C	0.39%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.15%	0.15%
	UTHR	C	0.07%	0.03%	0.03%
	VICI	C	0.13%	0.06%	0.06%
	VLO	C	0.17%	0.09%	0.09%
	VLTO	D	0.06%	0.05%	0.05%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.22%	0.22%
	VTR	C	0.11%	0.05%	0.05%
	VTRS	A	0.06%	0.03%	0.03%
	VZ	C	0.71%	0.34%	0.34%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.03%	0.01%	0.01%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.09%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.33%	0.16%	0.16%
	WFC	A	0.91%	0.49%	0.49%
	WLK	D	0.02%	0.01%	0.01%
	WMB	A	0.25%	0.14%	0.14%
	WMT	A	1.42%	0.74%	0.74%
	WPC	D	0.05%	0.02%	0.02%
	WRB	A	0.07%	0.04%	0.04%
	WSM	B	0.03%	0.04%	0.03%
	WSO	A	0.07%	0.04%	0.04%
	WST	C	0.04%	0.04%	0.04%
	WTRG	B	0.04%	0.02%	0.02%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.04%	0.04%
	WYNN	D	0.04%	0.02%	0.02%
	XEL	A	0.15%	0.07%	0.07%
	XOM	B	2.1%	1.04%	1.04%
	XYL	D	0.12%	0.06%	0.06%
	YUM	B	0.09%	0.07%	0.07%
	Z	A	0.03%	0.02%	0.02%
	ZBH	C	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.04%	0.04%
	ZM	B	0.08%	0.04%	0.04%
	ZTS	D	0.06%	0.15%	0.06%

VONV Overweight 357 Positions Relative to PBUS

	Symbol	Grade	Weight
	UAL	A	0.1%
	CVNA	B	0.07%
	RGA	A	0.06%
	USFD	A	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	RBA	A	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	CW	B	0.05%
	RNR	C	0.05%
	EWBC	A	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%
	WAL	B	0.04%
	NYT	C	0.04%
	LAD	A	0.04%
	FRT	B	0.04%
	CIEN	B	0.04%
	REXR	F	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	DOX	D	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OHI	C	0.04%
	PFGC	B	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	RRX	B	0.04%
	ATR	B	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%
	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%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	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%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	ESAB	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	GXO	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%
	VNO	B	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	BWA	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	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%
	VOYA	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	CMA	A	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%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	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%
	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%
	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%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	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%
	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%
	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%
	NWL	B	0.01%
	SMG	D	0.01%
	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 101 Positions Relative to PBUS

	Symbol	Grade	Weight
	NVDA	C	-6.92%
	AAPL	C	-6.43%
	MSFT	F	-5.65%
	AMZN	C	-3.66%
	META	D	-2.39%
	GOOGL	C	-1.99%
	TSLA	B	-1.89%
	GOOG	C	-1.73%
	AVGO	D	-1.39%
	LLY	F	-1.17%
	V	A	-0.93%
	MA	C	-0.82%
	COST	B	-0.79%
	NFLX	A	-0.73%
	ORCL	B	-0.61%
	MRK	F	-0.48%
	ADBE	C	-0.43%
	NOW	A	-0.4%
	ISRG	A	-0.37%
	INTU	C	-0.35%
	UBER	D	-0.25%
	BX	A	-0.25%
	PLTR	B	-0.24%
	PANW	C	-0.24%
	ANET	C	-0.2%
	LRCX	F	-0.18%
	AMT	D	-0.18%
	MELI	D	-0.17%
	WM	A	-0.17%
	CMG	B	-0.16%
	CRWD	B	-0.16%
	SNPS	B	-0.16%
	CDNS	B	-0.16%
	KLAC	D	-0.16%
	MCO	B	-0.15%
	ADSK	A	-0.13%
	APP	B	-0.13%
	ABNB	C	-0.12%
	WDAY	B	-0.11%
	TTD	B	-0.11%
	NXPI	D	-0.11%
	VST	B	-0.1%
	FLUT	A	-0.09%
	WCN	A	-0.09%
	VRT	B	-0.09%
	SNOW	C	-0.08%
	TEAM	A	-0.08%
	IT	C	-0.08%
	VRSK	A	-0.08%
	ODFL	B	-0.08%
	TRGP	B	-0.08%
	COR	B	-0.08%
	AXON	A	-0.08%
	IDXX	F	-0.07%
	LULU	C	-0.07%
	DDOG	A	-0.07%
	TSCO	D	-0.06%
	NET	B	-0.06%
	DXCM	D	-0.06%
	TPL	A	-0.06%
	ARES	A	-0.06%
	VEEV	C	-0.06%
	HUBS	A	-0.06%
	LPLA	A	-0.05%
	RBLX	C	-0.05%
	CPAY	A	-0.05%
	MPWR	F	-0.05%
	DECK	A	-0.05%
	GDDY	A	-0.05%
	ZS	C	-0.04%
	PODD	C	-0.04%
	LVS	C	-0.04%
	BAH	F	-0.04%
	DKNG	B	-0.04%
	STX	D	-0.04%
	LII	A	-0.04%
	MDB	C	-0.04%
	CLX	B	-0.04%
	LYV	A	-0.04%
	EXPE	B	-0.04%
	SMCI	F	-0.03%
	POOL	C	-0.03%
	ROL	B	-0.03%
	DT	C	-0.03%
	ENTG	D	-0.03%
	EQH	B	-0.03%
	TOST	B	-0.03%
	HEI	B	-0.03%
	DOCU	A	-0.03%
	MANH	D	-0.03%
	PINS	D	-0.03%
	BURL	A	-0.03%
	ENPH	F	-0.02%
	DVA	B	-0.02%
	IOT	A	-0.02%
	SNAP	C	-0.02%
	ERIE	D	-0.02%
	HEI	B	-0.02%
	NBIX	C	-0.02%
	CELH	F	-0.01%
	BSY	D	-0.01%

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

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50