VONV vs. QWLD ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR MSCI World Quality Mix ETF (QWLD)

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 1000Â® 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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$128.25

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

Performance

Period	VONV	QWLD
30 Days	3.44%	1.92%
60 Days	5.25%	4.80%
90 Days	8.24%	6.62%
12 Months	23.07%	25.18%

481 Overlapping Holdings

Symbol	Grade	Weight in VONV	Weight in QWLD	Overlap
A	C	0.17%	0.07%	0.07%
ABBV	C	0.79%	0.41%	0.41%
ABBV	C	0.79%	0.15%	0.15%
ABT	C	0.79%	0.09%	0.09%
ACGL	C	0.16%	0.28%	0.16%
ACI	F	0.03%	0.02%	0.02%
ACM	B	0.05%	0.01%	0.01%
ACN	C	0.86%	0.65%	0.65%
ADI	C	0.47%	0.04%	0.04%
ADM	D	0.12%	0.05%	0.05%
ADP	B	0.03%	0.24%	0.03%
AEE	C	0.09%	0.08%	0.08%
AEP	C	0.21%	0.07%	0.07%
AES	C	0.05%	0.01%	0.01%
AFG	B	0.04%	0.02%	0.02%
AFL	C	0.25%	0.12%	0.12%
AGCO	D	0.02%	0.01%	0.01%
AIG	D	0.21%	0.07%	0.07%
AIZ	B	0.04%	0.07%	0.04%
AJG	D	0.24%	0.19%	0.19%
AKAM	D	0.06%	0.12%	0.06%
ALB	D	0.04%	0.01%	0.01%
ALGN	D	0.03%	0.0%	0.0%
ALL	B	0.17%	0.07%	0.07%
ALLE	B	0.05%	0.02%	0.02%
ALLY	F	0.04%	0.01%	0.01%
AMAT	D	0.05%	0.32%	0.05%
AMCR	B	0.07%	0.08%	0.07%
AMD	D	0.33%	0.04%	0.04%
AME	C	0.16%	0.01%	0.01%
AMGN	B	0.16%	0.19%	0.16%
AMH	C	0.05%	0.01%	0.01%
AMP	A	0.02%	0.07%	0.02%
ANSS	D	0.11%	0.0%	0.0%
AON	B	0.27%	0.16%	0.16%
AOS	D	0.04%	0.02%	0.02%
APA	F	0.04%	0.03%	0.03%
APD	B	0.25%	0.02%	0.02%
APH	D	0.13%	0.38%	0.13%
APO	C	0.06%	0.01%	0.01%
APTV	D	0.08%	0.01%	0.01%
ARE	C	0.08%	0.01%	0.01%
ATO	B	0.08%	0.01%	0.01%
AVB	B	0.13%	0.01%	0.01%
AVTR	B	0.07%	0.01%	0.01%
AVY	C	0.04%	0.03%	0.03%
AWK	B	0.11%	0.01%	0.01%
AXP	B	0.37%	0.06%	0.06%
AZO	D	0.02%	0.29%	0.02%
BA	F	0.34%	0.02%	0.02%
BAC	D	1.11%	0.33%	0.33%
BALL	C	0.08%	0.01%	0.01%
BAX	C	0.08%	0.02%	0.02%
BBWI	F	0.03%	0.0%	0.0%
BBY	C	0.09%	0.06%	0.06%
BDX	D	0.28%	0.08%	0.08%
BEN	F	0.02%	0.01%	0.01%
BG	D	0.06%	0.03%	0.03%
BIIB	F	0.12%	0.02%	0.02%
BIO	C	0.03%	0.0%	0.0%
BK	B	0.2%	0.05%	0.05%
BKNG	C	0.03%	0.02%	0.02%
BKR	C	0.14%	0.02%	0.02%
BLDR	C	0.08%	0.04%	0.04%
BLK	B	0.53%	0.21%	0.21%
BMRN	F	0.07%	0.09%	0.07%
BMY	C	0.41%	0.18%	0.18%
BR	D	0.01%	0.04%	0.01%
BRK.A	C	3.5%	0.71%	0.71%
BRO	C	0.06%	0.13%	0.06%
BSX	B	0.48%	0.02%	0.02%
BXP	B	0.05%	0.01%	0.01%
C	C	0.48%	0.21%	0.21%
CAG	C	0.06%	0.05%	0.05%
CAH	C	0.04%	0.12%	0.04%
CARR	B	0.2%	0.02%	0.02%
CAT	B	0.6%	0.32%	0.32%
CB	B	0.46%	0.4%	0.4%
CBOE	C	0.09%	0.26%	0.09%
CBRE	A	0.14%	0.03%	0.03%
CCI	C	0.2%	0.02%	0.02%
CCK	A	0.04%	0.01%	0.01%
CCL	C	0.07%	0.0%	0.0%
CDW	D	0.06%	0.09%	0.06%
CE	F	0.04%	0.01%	0.01%
CEG	C	0.21%	0.01%	0.01%
CF	C	0.06%	0.12%	0.06%
CFG	C	0.08%	0.03%	0.03%
CG	D	0.04%	0.01%	0.01%
CHD	D	0.1%	0.18%	0.1%
CHK	D	0.04%	0.02%	0.02%
CHRD	F	0.04%	0.01%	0.01%
CHRW	B	0.05%	0.01%	0.01%
CHTR	D	0.13%	0.05%	0.05%
CI	C	0.37%	0.2%	0.2%
CINF	B	0.08%	0.02%	0.02%
CL	D	0.16%	0.23%	0.16%
CMCSA	D	0.62%	0.15%	0.15%
CMI	C	0.17%	0.08%	0.08%
CMS	C	0.08%	0.05%	0.05%
CNC	D	0.17%	0.06%	0.06%
CNH	D	0.04%	0.01%	0.01%
CNP	C	0.07%	0.01%	0.01%
COF	B	0.22%	0.07%	0.07%
COIN	F	0.02%	0.0%	0.0%
COP	D	0.54%	0.09%	0.09%
CPB	C	0.04%	0.1%	0.04%
CPRT	D	0.01%	0.07%	0.01%
CPT	B	0.05%	0.01%	0.01%
CRBG	D	0.03%	0.01%	0.01%
CRL	F	0.04%	0.0%	0.0%
CRM	D	0.14%	0.04%	0.04%
CSCO	C	0.82%	0.88%	0.82%
CSGP	D	0.13%	0.0%	0.0%
CSL	B	0.07%	0.03%	0.03%
CSX	D	0.27%	0.11%	0.11%
CTAS	B	0.01%	0.14%	0.01%
CTLT	B	0.04%	0.01%	0.01%
CTRA	D	0.07%	0.02%	0.02%
CTSH	C	0.16%	0.2%	0.16%
CTVA	B	0.16%	0.04%	0.04%
CVS	D	0.29%	0.17%	0.17%
CVX	D	1.02%	0.28%	0.28%
D	C	0.19%	0.06%	0.06%
DAL	C	0.11%	0.01%	0.01%
DASH	C	0.02%	0.0%	0.0%
DAY	D	0.03%	0.0%	0.0%
DD	B	0.14%	0.02%	0.02%
DE	B	0.39%	0.06%	0.06%
DELL	D	0.1%	0.01%	0.01%
DFS	B	0.14%	0.03%	0.03%
DG	F	0.07%	0.01%	0.01%
DGX	B	0.07%	0.1%	0.07%
DHI	B	0.22%	0.12%	0.12%
DHR	B	0.72%	0.06%	0.06%
DINO	F	0.03%	0.05%	0.03%
DIS	D	0.67%	0.07%	0.07%
DKS	D	0.05%	0.02%	0.02%
DLR	B	0.2%	0.02%	0.02%
DLTR	F	0.07%	0.01%	0.01%
DOC	C	0.06%	0.01%	0.01%
DOV	B	0.1%	0.04%	0.04%
DOW	D	0.15%	0.04%	0.04%
DPZ	F	0.04%	0.06%	0.04%
DRI	B	0.04%	0.03%	0.03%
DTE	C	0.1%	0.02%	0.02%
DUK	C	0.35%	0.37%	0.35%
DVN	F	0.11%	0.03%	0.03%
EA	D	0.16%	0.18%	0.16%
EBAY	B	0.12%	0.01%	0.01%
ECL	B	0.03%	0.01%	0.01%
ED	C	0.14%	0.38%	0.14%
EFX	B	0.12%	0.01%	0.01%
EG	C	0.06%	0.06%	0.06%
EIX	C	0.13%	0.03%	0.03%
EL	F	0.05%	0.01%	0.01%
ELS	C	0.05%	0.0%	0.0%
ELV	C	0.44%	0.28%	0.28%
EME	B	0.04%	0.03%	0.03%
EMN	B	0.05%	0.01%	0.01%
EMR	D	0.24%	0.02%	0.02%
EOG	D	0.3%	0.05%	0.05%
EPAM	F	0.04%	0.02%	0.02%
EQIX	C	0.3%	0.01%	0.01%
EQR	B	0.11%	0.01%	0.01%
EQT	D	0.07%	0.01%	0.01%
ES	C	0.1%	0.02%	0.02%
ESS	B	0.08%	0.01%	0.01%
ETN	C	0.49%	0.02%	0.02%
ETR	B	0.1%	0.02%	0.02%
EVRG	B	0.05%	0.01%	0.01%
EW	F	0.14%	0.07%	0.07%
EXAS	C	0.03%	0.0%	0.0%
EXC	C	0.15%	0.03%	0.03%
EXPD	C	0.06%	0.04%	0.04%
EXR	B	0.15%	0.01%	0.01%
F	F	0.18%	0.09%	0.09%
FANG	D	0.14%	0.08%	0.08%
FAST	C	0.02%	0.08%	0.02%
FCNCA	D	0.1%	0.09%	0.09%
FCX	D	0.25%	0.02%	0.02%
FDS	C	0.04%	0.02%	0.02%
FDX	C	0.27%	0.07%	0.07%
FE	C	0.1%	0.01%	0.01%
FFIV	B	0.05%	0.14%	0.05%
FICO	B	0.03%	0.04%	0.03%
FIS	B	0.19%	0.02%	0.02%
FITB	B	0.12%	0.03%	0.03%
FNF	B	0.06%	0.01%	0.01%
FOX	B	0.02%	0.01%	0.01%
FOXA	B	0.04%	0.01%	0.01%
FSLR	C	0.1%	0.01%	0.01%
FTNT	C	0.04%	0.01%	0.01%
FTV	C	0.1%	0.01%	0.01%
GD	B	0.33%	0.19%	0.19%
GE	B	0.6%	0.29%	0.29%
GEHC	C	0.13%	0.02%	0.02%
GEV	B	0.22%	0.02%	0.02%
GGG	C	0.06%	0.02%	0.02%
GILD	B	0.4%	0.22%	0.22%
GIS	B	0.16%	0.38%	0.16%
GLPI	C	0.05%	0.01%	0.01%
GLW	C	0.13%	0.02%	0.02%
GM	C	0.23%	0.15%	0.15%
GPC	D	0.08%	0.06%	0.06%
GPN	D	0.11%	0.02%	0.02%
GRMN	D	0.11%	0.05%	0.05%
GS	C	0.47%	0.14%	0.14%
GWW	B	0.02%	0.1%	0.02%
H	C	0.02%	0.0%	0.0%
HAL	F	0.11%	0.01%	0.01%
HBAN	B	0.09%	0.03%	0.03%
HCA	B	0.23%	0.04%	0.04%
HD	B	0.3%	0.14%	0.14%
HES	F	0.05%	0.01%	0.01%
HIG	B	0.14%	0.03%	0.03%
HII	D	0.04%	0.01%	0.01%
HLT	B	0.11%	0.01%	0.01%
HOLX	B	0.08%	0.01%	0.01%
HON	D	0.46%	0.24%	0.24%
HOOD	C	0.05%	0.0%	0.0%
HPE	D	0.1%	0.03%	0.03%
HPQ	D	0.11%	0.04%	0.04%
HRL	C	0.04%	0.1%	0.04%
HSIC	C	0.04%	0.01%	0.01%
HST	C	0.05%	0.01%	0.01%
HSY	C	0.1%	0.18%	0.1%
HUBB	B	0.09%	0.03%	0.03%
HUM	F	0.17%	0.18%	0.17%
HWM	B	0.15%	0.01%	0.01%
IBM	B	0.74%	0.48%	0.48%
ICE	C	0.37%	0.03%	0.03%
IEX	D	0.06%	0.02%	0.02%
IFF	B	0.11%	0.01%	0.01%
ILMN	C	0.08%	0.0%	0.0%
INCY	C	0.05%	0.12%	0.05%
INTC	F	0.38%	0.08%	0.08%
INVH	C	0.09%	0.01%	0.01%
IP	B	0.07%	0.02%	0.02%
IPG	C	0.05%	0.02%	0.02%
IQV	C	0.16%	0.01%	0.01%
IR	C	0.15%	0.01%	0.01%
IRM	C	0.06%	0.01%	0.01%
ITW	C	0.19%	0.12%	0.12%
J	C	0.08%	0.01%	0.01%
JBHT	D	0.06%	0.03%	0.03%
JBL	D	0.05%	0.01%	0.01%
JCI	B	0.17%	0.02%	0.02%
JKHY	B	0.05%	0.06%	0.05%
JNJ	C	1.61%	1.19%	1.19%
JNPR	B	0.05%	0.13%	0.05%
JPM	D	2.59%	0.52%	0.52%
K	B	0.08%	0.23%	0.08%
KDP	B	0.16%	0.16%	0.16%
KEY	B	0.06%	0.02%	0.02%
KEYS	C	0.11%	0.17%	0.11%
KHC	C	0.13%	0.22%	0.13%
KIM	C	0.06%	0.01%	0.01%
KKR	B	0.24%	0.02%	0.02%
KMB	D	0.11%	0.12%	0.11%
KMI	B	0.17%	0.03%	0.03%
KMX	D	0.05%	0.01%	0.01%
KNX	C	0.03%	0.01%	0.01%
KO	C	0.48%	0.65%	0.48%
KR	C	0.14%	0.28%	0.14%
KVUE	C	0.17%	0.08%	0.08%
L	C	0.06%	0.16%	0.06%
LDOS	B	0.09%	0.01%	0.01%
LEN	B	0.18%	0.09%	0.09%
LEN	B	0.01%	0.09%	0.01%
LHX	C	0.18%	0.02%	0.02%
LIN	B	0.92%	0.06%	0.06%
LKQ	F	0.04%	0.01%	0.01%
LMT	C	0.33%	0.45%	0.33%
LNG	C	0.08%	0.05%	0.05%
LNT	B	0.06%	0.03%	0.03%
LOW	B	0.57%	0.07%	0.07%
LUV	C	0.07%	0.0%	0.0%
LW	D	0.02%	0.0%	0.0%
LYB	D	0.1%	0.03%	0.03%
MAA	B	0.08%	0.01%	0.01%
MAR	C	0.22%	0.01%	0.01%
MAS	B	0.07%	0.01%	0.01%
MCD	B	0.78%	0.42%	0.42%
MCHP	F	0.17%	0.07%	0.07%
MCK	F	0.17%	0.49%	0.17%
MDLZ	B	0.39%	0.17%	0.17%
MDT	C	0.47%	0.06%	0.06%
MET	B	0.19%	0.04%	0.04%
MGM	F	0.04%	0.01%	0.01%
MKC	C	0.08%	0.01%	0.01%
MKL	C	0.06%	0.12%	0.06%
MKTX	C	0.04%	0.02%	0.02%
MLM	D	0.12%	0.01%	0.01%
MMC	C	0.39%	0.53%	0.39%
MMM	B	0.24%	0.14%	0.14%
MNST	D	0.03%	0.06%	0.03%
MO	C	0.37%	0.04%	0.04%
MOH	D	0.03%	0.07%	0.03%
MOS	F	0.04%	0.02%	0.02%
MPC	F	0.25%	0.18%	0.18%
MRNA	F	0.1%	0.02%	0.02%
MRO	C	0.07%	0.02%	0.02%
MRVL	C	0.24%	0.01%	0.01%
MS	D	0.45%	0.09%	0.09%
MSCI	C	0.08%	0.0%	0.0%
MSI	B	0.15%	0.58%	0.15%
MSTR	D	0.08%	0.0%	0.0%
MTB	B	0.11%	0.04%	0.04%
MTCH	C	0.04%	0.0%	0.0%
MU	F	0.43%	0.04%	0.04%
NDAQ	A	0.12%	0.01%	0.01%
NDSN	C	0.06%	0.02%	0.02%
NEE	C	0.66%	0.06%	0.06%
NEM	B	0.25%	0.04%	0.04%
NI	B	0.06%	0.01%	0.01%
NKE	D	0.15%	0.17%	0.15%
NOC	B	0.29%	0.33%	0.29%
NRG	C	0.04%	0.01%	0.01%
NSC	C	0.23%	0.03%	0.03%
NTAP	D	0.06%	0.04%	0.04%
NTRS	A	0.07%	0.01%	0.01%
NUE	F	0.15%	0.04%	0.04%
NVR	B	0.11%	0.07%	0.07%
NWSA	D	0.04%	0.01%	0.01%
O	C	0.21%	0.03%	0.03%
OC	D	0.06%	0.03%	0.03%
OKE	B	0.22%	0.03%	0.03%
OKTA	F	0.03%	0.0%	0.0%
OMC	B	0.08%	0.04%	0.04%
ON	D	0.13%	0.01%	0.01%
ORLY	C	0.02%	0.22%	0.02%
OTIS	C	0.15%	0.01%	0.01%
OVV	F	0.05%	0.02%	0.02%
OXY	F	0.15%	0.03%	0.03%
PARA	F	0.03%	0.01%	0.01%
PAYC	D	0.01%	0.02%	0.01%
PAYX	C	0.11%	0.09%	0.09%
PCAR	D	0.2%	0.09%	0.09%
PCG	C	0.17%	0.03%	0.03%
PEG	B	0.16%	0.02%	0.02%
PEP	C	0.2%	0.86%	0.2%
PFE	C	0.66%	0.21%	0.21%
PFG	B	0.08%	0.02%	0.02%
PG	C	1.26%	0.98%	0.98%
PGR	B	0.09%	0.34%	0.09%
PH	B	0.31%	0.02%	0.02%
PHM	B	0.11%	0.06%	0.06%
PKG	B	0.07%	0.03%	0.03%
PLD	C	0.47%	0.05%	0.05%
PM	C	0.77%	0.07%	0.07%
PNC	B	0.29%	0.08%	0.08%
PNR	B	0.06%	0.02%	0.02%
PPG	D	0.12%	0.01%	0.01%
PPL	C	0.09%	0.01%	0.01%
PRU	C	0.17%	0.04%	0.04%
PSA	B	0.18%	0.09%	0.09%
PSTG	F	0.01%	0.0%	0.0%
PSX	F	0.24%	0.13%	0.13%
PTC	D	0.03%	0.07%	0.03%
PWR	B	0.11%	0.01%	0.01%
PYPL	B	0.3%	0.04%	0.04%
QCOM	D	0.05%	0.34%	0.05%
QGEN	C	0.04%	0.0%	0.0%
QRVO	F	0.04%	0.01%	0.01%
RCL	B	0.1%	0.0%	0.0%
REG	C	0.05%	0.01%	0.01%
REGN	C	0.46%	0.47%	0.46%
RF	B	0.09%	0.03%	0.03%
RIVN	F	0.05%	0.0%	0.0%
RJF	C	0.09%	0.01%	0.01%
RMD	C	0.1%	0.06%	0.06%
ROK	D	0.11%	0.05%	0.05%
ROKU	C	0.03%	0.0%	0.0%
ROP	C	0.24%	0.49%	0.24%
ROST	C	0.15%	0.02%	0.02%
RPM	B	0.05%	0.01%	0.01%
RPRX	C	0.05%	0.01%	0.01%
RS	D	0.07%	0.01%	0.01%
RSG	D	0.17%	0.46%	0.17%
RTX	C	0.66%	0.09%	0.09%
SBAC	C	0.1%	0.01%	0.01%
SBUX	C	0.1%	0.04%	0.04%
SCHW	D	0.35%	0.03%	0.03%
SEIC	C	0.03%	0.01%	0.01%
SHW	B	0.03%	0.14%	0.03%
SJM	C	0.05%	0.08%	0.05%
SLB	F	0.25%	0.03%	0.03%
SNA	C	0.06%	0.03%	0.03%
SO	B	0.38%	0.47%	0.38%
SOLV	C	0.04%	0.03%	0.03%
SPG	B	0.16%	0.02%	0.02%
SPGI	B	0.64%	0.04%	0.04%
SQ	D	0.09%	0.01%	0.01%
SRE	C	0.21%	0.03%	0.03%
SSNC	B	0.06%	0.01%	0.01%
STE	C	0.1%	0.01%	0.01%
STLD	F	0.07%	0.02%	0.02%
STT	A	0.11%	0.03%	0.03%
STZ	D	0.15%	0.01%	0.01%
SUI	B	0.07%	0.01%	0.01%
SW	B	0.05%	0.02%	0.02%
SWK	B	0.06%	0.01%	0.01%
SWKS	D	0.07%	0.03%	0.03%
SYF	C	0.08%	0.03%	0.03%
SYK	C	0.37%	0.03%	0.03%
SYY	D	0.06%	0.03%	0.03%
T	C	0.57%	0.37%	0.37%
TAP	D	0.04%	0.01%	0.01%
TDG	B	0.24%	0.01%	0.01%
TDY	B	0.08%	0.05%	0.05%
TECH	C	0.05%	0.0%	0.0%
TER	D	0.01%	0.03%	0.01%
TFC	C	0.24%	0.08%	0.08%
TFX	C	0.05%	0.01%	0.01%
TGT	C	0.29%	0.14%	0.14%
TJX	B	0.22%	0.35%	0.22%
TMO	B	0.94%	0.07%	0.07%
TMUS	C	0.39%	0.64%	0.39%
TRMB	C	0.06%	0.0%	0.0%
TROW	D	0.09%	0.05%	0.05%
TRU	B	0.07%	0.01%	0.01%
TRV	C	0.21%	0.27%	0.21%
TSN	C	0.07%	0.14%	0.07%
TT	B	0.22%	0.13%	0.13%
TTC	D	0.04%	0.02%	0.02%
TTWO	C	0.11%	0.01%	0.01%
TW	B	0.03%	0.0%	0.0%
TWLO	D	0.04%	0.0%	0.0%
TXN	C	0.69%	0.49%	0.49%
TXT	D	0.07%	0.01%	0.01%
TYL	C	0.02%	0.0%	0.0%
UDR	C	0.06%	0.0%	0.0%
UHAL	A	0.0%	0.01%	0.0%
UHAL	A	0.02%	0.01%	0.01%
UHS	B	0.06%	0.01%	0.01%
ULTA	D	0.01%	0.07%	0.01%
UNH	C	2.03%	1.36%	1.36%
UNP	C	0.33%	0.28%	0.28%
UPS	D	0.38%	0.07%	0.07%
URI	B	0.15%	0.02%	0.02%
USB	B	0.3%	0.08%	0.08%
UTHR	C	0.06%	0.14%	0.06%
VICI	C	0.14%	0.02%	0.02%
VLO	F	0.19%	0.07%	0.07%
VLTO	C	0.06%	0.05%	0.05%
VMC	D	0.1%	0.01%	0.01%
VRSN	D	0.06%	0.14%	0.06%
VRTX	D	0.26%	0.44%	0.26%
VTR	C	0.1%	0.01%	0.01%
VTRS	D	0.06%	0.03%	0.03%
VZ	B	0.71%	0.61%	0.61%
WAB	B	0.12%	0.01%	0.01%
WAT	C	0.03%	0.04%	0.03%
WBA	F	0.03%	0.04%	0.03%
WBD	D	0.08%	0.05%	0.05%
WDC	D	0.09%	0.01%	0.01%
WEC	C	0.12%	0.2%	0.12%
WELL	C	0.29%	0.02%	0.02%
WFC	D	0.82%	0.2%	0.2%
WLK	D	0.02%	0.0%	0.0%
WMB	B	0.22%	0.15%	0.15%
WMT	C	1.35%	0.72%	0.72%
WPC	C	0.05%	0.01%	0.01%
WRB	C	0.07%	0.14%	0.07%
WSM	D	0.03%	0.04%	0.03%
WSO	C	0.07%	0.03%	0.03%
WST	D	0.04%	0.03%	0.03%
WTRG	D	0.04%	0.01%	0.01%
WTW	C	0.12%	0.07%	0.07%
WY	C	0.09%	0.02%	0.02%
WYNN	D	0.03%	0.0%	0.0%
XEL	B	0.14%	0.08%	0.08%
XOM	C	2.12%	0.44%	0.44%
XYL	C	0.13%	0.01%	0.01%
YUM	D	0.09%	0.15%	0.09%
Z	B	0.03%	0.0%	0.0%
ZBH	F	0.09%	0.01%	0.01%
ZBRA	B	0.06%	0.01%	0.01%
ZM	C	0.07%	0.01%	0.01%
ZTS	C	0.06%	0.16%	0.06%

VONV Overweight 359 Positions Relative to QWLD

Symbol	Grade	Weight
MTD	D	0.12%
UAL	C	0.06%
RGA	C	0.06%
TOL	B	0.06%
RBA	B	0.06%
THC	A	0.06%
NVT	D	0.05%
ITT	B	0.05%
BLD	D	0.05%
FTI	D	0.05%
EWBC	D	0.05%
CUBE	B	0.05%
CW	B	0.05%
CLH	A	0.05%
RNR	C	0.05%
IBKR	B	0.05%
USFD	B	0.05%
DCI	C	0.04%
SF	A	0.04%
WAL	B	0.04%
EVR	A	0.04%
INGR	B	0.04%
NYT	C	0.04%
EGP	B	0.04%
ORI	B	0.04%
FHN	D	0.04%
GPK	B	0.04%
PRI	B	0.04%
SNX	D	0.04%
EHC	C	0.04%
RGLD	C	0.04%
TPR	C	0.04%
FRT	C	0.04%
ARMK	B	0.04%
GL	C	0.04%
OHI	B	0.04%
PFGC	B	0.04%
WWD	D	0.04%
TTEK	C	0.04%
PNW	C	0.04%
DOX	C	0.04%
AFRM	C	0.04%
ATR	B	0.04%
COHR	C	0.04%
CVNA	B	0.04%
BJ	D	0.04%
UNM	B	0.04%
CACI	B	0.04%
REXR	C	0.04%
NTNX	C	0.04%
CASY	D	0.04%
RRX	C	0.04%
SCI	B	0.04%
IVZ	B	0.03%
R	A	0.03%
GME	F	0.03%
VFC	C	0.03%
FAF	B	0.03%
RHI	D	0.03%
AAL	D	0.03%
WMS	D	0.03%
LSTR	D	0.03%
MAT	C	0.03%
FLS	D	0.03%
CGNX	F	0.03%
BPOP	C	0.03%
LEA	F	0.03%
RL	C	0.03%
PB	B	0.03%
CFR	C	0.03%
DAR	F	0.03%
LFUS	C	0.03%
GWRE	A	0.03%
SAIC	C	0.03%
SNV	C	0.03%
XP	D	0.03%
MSA	D	0.03%
MTG	B	0.03%
BFAM	C	0.03%
G	C	0.03%
SOFI	C	0.03%
KEX	C	0.03%
SWN	D	0.03%
NOV	F	0.03%
SSD	D	0.03%
OSK	F	0.03%
PR	F	0.03%
JAZZ	D	0.03%
FYBR	C	0.03%
HRB	C	0.03%
WTFC	B	0.03%
RRC	D	0.03%
MTZ	B	0.03%
AGNC	B	0.03%
CROX	D	0.03%
ZION	D	0.03%
VOYA	B	0.03%
RGEN	F	0.03%
WCC	D	0.03%
WEX	C	0.03%
ADC	C	0.03%
GNTX	F	0.03%
ARW	C	0.03%
BRBR	C	0.03%
HLI	B	0.03%
STAG	C	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%
PNFP	B	0.03%
CMA	B	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%
BWA	D	0.03%
CRUS	D	0.03%
AYI	B	0.03%
ATI	C	0.03%
OGE	C	0.03%
COKE	C	0.03%
BERY	B	0.03%
AXTA	B	0.03%
FCN	D	0.03%
FMC	C	0.03%
AA	D	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%
BRX	B	0.03%
MHK	C	0.03%
COLD	D	0.03%
CIEN	C	0.03%
JLL	B	0.03%
KBR	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%
LITE	B	0.02%
NEU	D	0.02%
LSXMK	D	0.02%
W	D	0.02%
IAC	C	0.02%
PRGO	D	0.02%
SITE	C	0.02%
CPRI	D	0.02%
DOCS	B	0.02%
CLF	F	0.02%
BYD	C	0.02%
SAIA	D	0.02%
DLB	D	0.02%
BILL	D	0.02%
KRC	B	0.02%
AGO	C	0.02%
M	F	0.02%
CUZ	B	0.02%
FRPT	B	0.02%
SLGN	B	0.02%
FLO	C	0.02%
DBX	D	0.02%
PSN	B	0.02%
PII	D	0.02%
CIVI	F	0.02%
OLED	C	0.02%
ASH	D	0.02%
GAP	F	0.02%
HOG	C	0.02%
ALK	C	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%
ZG	B	0.02%
AL	D	0.02%
SEE	D	0.02%
SLM	D	0.02%
JHG	B	0.02%
AVT	C	0.02%
WSC	D	0.02%
SN	B	0.02%
IDA	C	0.02%
OLN	D	0.02%
MDU	C	0.02%
XRAY	D	0.02%
HXL	F	0.02%
THG	B	0.02%
COLB	B	0.02%
UGI	C	0.02%
WHR	D	0.02%
FNB	C	0.02%
BC	C	0.02%
KD	D	0.02%
VNT	F	0.02%
NFG	B	0.02%
THO	D	0.02%
TKR	D	0.02%
OLLI	C	0.02%
SRCL	A	0.02%
LBRDK	F	0.02%
LNC	D	0.02%
SON	C	0.02%
AMG	C	0.02%
OMF	D	0.02%
WH	B	0.02%
PVH	F	0.02%
VMI	D	0.02%
POST	C	0.02%
OGN	D	0.02%
ST	D	0.02%
GXO	D	0.02%
ESAB	C	0.02%
RLI	B	0.02%
ESI	D	0.02%
VNO	B	0.02%
MTSI	D	0.02%
MTDR	F	0.02%
STWD	B	0.02%
AXS	B	0.02%
SNDR	B	0.01%
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%
AZEK	C	0.01%
GO	F	0.01%
ALGM	F	0.01%
VSTS	D	0.01%
FTRE	D	0.01%
LPX	B	0.01%
SHC	C	0.01%
IPGP	F	0.01%
SAM	F	0.01%
BIRK	F	0.01%
QS	F	0.01%
GLOB	D	0.01%
ADTN	D	0.01%
HAYW	C	0.01%
EXP	B	0.01%
KSS	F	0.01%
RCM	C	0.01%
ETSY	F	0.01%
JWN	C	0.01%
HHH	C	0.01%
CRI	D	0.01%
BOKF	B	0.01%
YETI	D	0.01%
PINC	C	0.01%
MASI	F	0.01%
AGR	B	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%
RKT	C	0.01%
CNM	F	0.01%
SPB	C	0.01%
CLVT	D	0.01%
PENN	D	0.01%
IRDM	D	0.01%
BHF	F	0.01%
LOPE	D	0.01%
CACC	F	0.01%
NWL	C	0.01%
SMG	C	0.01%
RH	B	0.01%
TNL	D	0.01%
ZI	D	0.01%
FHB	D	0.01%
AM	C	0.01%
AMED	C	0.01%
PAG	D	0.01%
NVST	D	0.01%
PK	D	0.01%
TPG	B	0.01%
PLNT	B	0.01%
NXST	D	0.01%
NWS	D	0.01%
NSA	B	0.01%
HIW	B	0.01%
WU	F	0.01%
MAN	C	0.01%
EPR	B	0.01%
MSGS	B	0.01%
LCID	C	0.01%
SPR	D	0.01%
CNXC	F	0.01%
HUN	D	0.01%
DNB	C	0.01%
AWI	B	0.01%
COTY	F	0.01%
ALNY	C	0.01%
AMKR	F	0.01%
GTES	C	0.01%
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%
CHH	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%
CAR	F	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%
HAS	B	0.0%
UA	D	0.0%
WOLF	F	0.0%
EXEL	C	0.0%
DV	F	0.0%

VONV Underweight 126 Positions Relative to QWLD

Symbol	Grade	Weight
AAPL	C	-2.56%
MSFT	C	-2.36%
NVDA	D	-2.1%
META	B	-1.96%
LLY	C	-1.42%
V	C	-1.12%
GOOGL	D	-0.95%
NVS	C	-0.89%
GOOG	D	-0.83%
COST	B	-0.76%
MA	B	-0.67%
MRK	D	-0.51%
WM	D	-0.5%
ADBE	F	-0.49%
NFLX	B	-0.45%
AMZN	C	-0.34%
UL	C	-0.3%
WCN	D	-0.28%
INTU	C	-0.25%
ISRG	B	-0.24%
ORCL	C	-0.22%
GDDY	C	-0.21%
MFG	D	-0.2%
LRCX	F	-0.2%
CHKP	B	-0.19%
ANET	B	-0.18%
KLAC	D	-0.18%
CME	C	-0.16%
PANW	D	-0.16%
ERIE	B	-0.15%
BAH	C	-0.15%
TD	B	-0.14%
TM	F	-0.14%
E	C	-0.13%
CMG	C	-0.13%
MCO	B	-0.13%
DEO	C	-0.12%
CDNS	D	-0.12%
MUFG	D	-0.12%
CNI	D	-0.11%
AVGO	C	-0.11%
NBIX	F	-0.11%
SNPS	D	-0.11%
TSLA	C	-0.11%
BCS	B	-0.1%
IDXX	C	-0.09%
SMFG	D	-0.09%
STLA	F	-0.09%
LYG	B	-0.09%
HMC	D	-0.08%
ROL	C	-0.08%
SONY	C	-0.08%
TEL	D	-0.08%
ADSK	C	-0.08%
ODFL	D	-0.07%
LULU	D	-0.06%
MPWR	C	-0.06%
LOGI	D	-0.06%
VEEV	C	-0.05%
BTI	C	-0.05%
TSCO	C	-0.05%
MANH	B	-0.04%
WDAY	D	-0.04%
MT	D	-0.04%
DECK	C	-0.04%
POOL	C	-0.03%
AMT	C	-0.03%
ENPH	D	-0.03%
LPLA	D	-0.03%
TRGP	B	-0.03%
TPL	B	-0.03%
IT	B	-0.03%
SMCI	F	-0.03%
NMR	D	-0.02%
NXPI	F	-0.02%
AER	B	-0.02%
BX	B	-0.02%
VRSK	D	-0.01%
OTEX	D	-0.01%
DVA	B	-0.01%
CLX	C	-0.01%
BURL	B	-0.01%
MBAVU	C	-0.01%
VST	C	-0.01%
SE	B	-0.01%
STX	C	-0.01%
EXPE	C	-0.01%
CPAY	B	-0.01%
CCEP	B	-0.01%
ABNB	D	-0.01%
WFG	B	-0.01%
EQH	C	-0.01%
BSY	D	-0.01%
UBER	C	-0.01%
NOW	B	-0.01%
MELI	B	-0.01%
GLBE	C	-0.0%
IOT	B	-0.0%
TOST	C	-0.0%
NET	D	-0.0%
RBLX	B	-0.0%
XRX	D	-0.0%
DDOG	D	-0.0%
SNAP	F	-0.0%
FUTU	D	-0.0%
DKNG	C	-0.0%
DOCU	C	-0.0%
HEI	B	-0.0%
GRAB	C	-0.0%
APP	C	-0.0%
DT	C	-0.0%
PINS	F	-0.0%
SNOW	F	-0.0%
PODD	B	-0.0%
CRWD	D	-0.0%
DXCM	F	-0.0%
TTD	B	-0.0%
LII	B	-0.0%
PLTR	B	-0.0%
AXON	B	-0.0%
VRT	C	-0.0%
HEI	B	-0.0%
LYV	B	-0.0%
ENTG	F	-0.0%
LVS	D	-0.0%
ARES	B	-0.0%