VONV vs. ROUS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Lattice U.S. Equity Strategy ETF (ROUS)

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

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$51.54

Average Daily Volume

23,056

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	VONV	ROUS
30 Days	3.44%	2.63%
60 Days	5.25%	4.95%
90 Days	8.24%	6.74%
12 Months	23.07%	27.03%

272 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in ROUS	Overlap
	ABBV	C	0.79%	1.02%	0.79%
	ABT	C	0.79%	0.14%	0.14%
	ACGL	C	0.16%	0.28%	0.16%
	ACI	F	0.03%	0.43%	0.03%
	ACN	C	0.86%	0.45%	0.45%
	ADC	C	0.03%	0.18%	0.03%
	ADI	C	0.47%	0.1%	0.1%
	ADM	D	0.12%	0.04%	0.04%
	AEE	C	0.09%	0.13%	0.09%
	AEP	C	0.21%	0.26%	0.21%
	AFL	C	0.25%	0.33%	0.25%
	AIG	D	0.21%	0.02%	0.02%
	AIZ	B	0.04%	0.08%	0.04%
	AKAM	D	0.06%	0.05%	0.05%
	ALL	B	0.17%	0.14%	0.14%
	ALSN	B	0.03%	0.37%	0.03%
	AMAT	D	0.05%	0.3%	0.05%
	AMCR	B	0.07%	0.11%	0.07%
	AMGN	B	0.16%	0.42%	0.16%
	AN	D	0.02%	0.22%	0.02%
	AOS	D	0.04%	0.02%	0.02%
	APH	D	0.13%	0.53%	0.13%
	ARW	C	0.03%	0.21%	0.03%
	ATR	B	0.04%	0.07%	0.04%
	AVB	B	0.13%	0.13%	0.13%
	AVT	C	0.02%	0.68%	0.02%
	AVY	C	0.04%	0.01%	0.01%
	AWI	B	0.01%	0.04%	0.01%
	AXS	B	0.02%	0.35%	0.02%
	AYI	B	0.03%	0.18%	0.03%
	AZO	D	0.02%	0.32%	0.02%
	BAC	D	1.11%	0.1%	0.1%
	BBY	C	0.09%	0.39%	0.09%
	BJ	D	0.04%	0.09%	0.04%
	BK	B	0.2%	0.45%	0.2%
	BKNG	C	0.03%	0.2%	0.03%
	BLDR	C	0.08%	0.12%	0.08%
	BMY	C	0.41%	0.25%	0.25%
	BPOP	C	0.03%	0.15%	0.03%
	BR	D	0.01%	0.05%	0.01%
	BRK.A	C	3.5%	0.73%	0.73%
	BSX	B	0.48%	0.14%	0.14%
	C	C	0.48%	0.3%	0.3%
	CACI	B	0.04%	0.25%	0.04%
	CAH	C	0.04%	0.17%	0.04%
	CASY	D	0.04%	0.26%	0.04%
	CAT	B	0.6%	0.18%	0.18%
	CB	B	0.46%	0.35%	0.35%
	CBOE	C	0.09%	0.1%	0.09%
	CCI	C	0.2%	0.05%	0.05%
	CDW	D	0.06%	0.42%	0.06%
	CF	C	0.06%	0.03%	0.03%
	CHE	C	0.03%	0.13%	0.03%
	CHRD	F	0.04%	0.1%	0.04%
	CHRW	B	0.05%	0.36%	0.05%
	CHTR	D	0.13%	0.02%	0.02%
	CI	C	0.37%	0.28%	0.28%
	CIEN	C	0.03%	0.01%	0.01%
	CINF	B	0.08%	0.48%	0.08%
	CL	D	0.16%	0.52%	0.16%
	CMCSA	D	0.62%	0.35%	0.35%
	CMI	C	0.17%	0.41%	0.17%
	CNC	D	0.17%	0.13%	0.13%
	COF	B	0.22%	0.03%	0.03%
	COKE	C	0.03%	0.13%	0.03%
	COP	D	0.54%	0.08%	0.08%
	CRBG	D	0.03%	0.22%	0.03%
	CRUS	D	0.03%	0.45%	0.03%
	CSCO	C	0.82%	0.75%	0.75%
	CTAS	B	0.01%	0.43%	0.01%
	CTSH	C	0.16%	0.74%	0.16%
	CVS	D	0.29%	0.49%	0.29%
	CVX	D	1.02%	0.19%	0.19%
	D	C	0.19%	0.05%	0.05%
	DBX	D	0.02%	0.4%	0.02%
	DCI	C	0.04%	0.23%	0.04%
	DELL	D	0.1%	0.77%	0.1%
	DGX	B	0.07%	0.28%	0.07%
	DHI	B	0.22%	0.23%	0.22%
	DKS	D	0.05%	0.24%	0.05%
	DLB	D	0.02%	0.23%	0.02%
	DOV	B	0.1%	0.13%	0.1%
	DTE	C	0.1%	0.25%	0.1%
	DUK	C	0.35%	0.32%	0.32%
	DVN	F	0.11%	0.11%	0.11%
	EA	D	0.16%	0.71%	0.16%
	EBAY	B	0.12%	0.35%	0.12%
	ECL	B	0.03%	0.2%	0.03%
	ED	C	0.14%	0.27%	0.14%
	EG	C	0.06%	0.28%	0.06%
	EHC	C	0.04%	0.02%	0.02%
	EIX	C	0.13%	0.13%	0.13%
	ELV	C	0.44%	0.59%	0.44%
	EME	B	0.04%	0.32%	0.04%
	EOG	D	0.3%	0.58%	0.3%
	EQR	B	0.11%	0.14%	0.11%
	ETR	B	0.1%	0.32%	0.1%
	EXC	C	0.15%	0.09%	0.09%
	EXEL	C	0.0%	0.23%	0.0%
	FANG	D	0.14%	0.12%	0.12%
	FAST	C	0.02%	0.44%	0.02%
	FCN	D	0.03%	0.17%	0.03%
	FDX	C	0.27%	0.37%	0.27%
	FE	C	0.1%	0.19%	0.1%
	FFIV	B	0.05%	0.37%	0.05%
	FHN	D	0.04%	0.02%	0.02%
	FICO	B	0.03%	0.57%	0.03%
	FITB	B	0.12%	0.16%	0.12%
	FLO	C	0.02%	0.21%	0.02%
	FOXA	B	0.04%	0.5%	0.04%
	FTNT	C	0.04%	0.06%	0.04%
	GD	B	0.33%	0.07%	0.07%
	GILD	B	0.4%	0.67%	0.4%
	GIS	B	0.16%	0.17%	0.16%
	GLPI	C	0.05%	0.09%	0.05%
	GLW	C	0.13%	0.5%	0.13%
	GPC	D	0.08%	0.38%	0.08%
	GPK	B	0.04%	0.26%	0.04%
	GRMN	D	0.11%	0.28%	0.11%
	GWRE	A	0.03%	0.06%	0.03%
	GWW	B	0.02%	0.52%	0.02%
	HBAN	B	0.09%	0.2%	0.09%
	HCA	B	0.23%	0.23%	0.23%
	HD	B	0.3%	0.79%	0.3%
	HON	D	0.46%	0.05%	0.05%
	HPE	D	0.1%	0.72%	0.1%
	HPQ	D	0.11%	1.02%	0.11%
	HRB	C	0.03%	0.55%	0.03%
	HSY	C	0.1%	0.31%	0.1%
	HUBB	B	0.09%	0.09%	0.09%
	HUM	F	0.17%	0.64%	0.17%
	IBM	B	0.74%	0.88%	0.74%
	INCY	C	0.05%	0.37%	0.05%
	INGR	B	0.04%	0.08%	0.04%
	IP	B	0.07%	0.04%	0.04%
	IRM	C	0.06%	0.2%	0.06%
	ITW	C	0.19%	0.25%	0.19%
	JBL	D	0.05%	0.14%	0.05%
	JCI	B	0.17%	0.03%	0.03%
	JHG	B	0.02%	0.06%	0.02%
	JNJ	C	1.61%	1.24%	1.24%
	JNPR	B	0.05%	0.42%	0.05%
	JPM	D	2.59%	0.73%	0.73%
	KD	D	0.02%	0.19%	0.02%
	KEYS	C	0.11%	0.26%	0.11%
	KMB	D	0.11%	0.43%	0.11%
	KO	C	0.48%	0.11%	0.11%
	KR	C	0.14%	0.83%	0.14%
	L	C	0.06%	0.1%	0.06%
	LAMR	B	0.03%	0.14%	0.03%
	LDOS	B	0.09%	0.1%	0.09%
	LFUS	C	0.03%	0.04%	0.03%
	LIN	B	0.92%	0.03%	0.03%
	LMT	C	0.33%	0.42%	0.33%
	LNC	D	0.02%	0.05%	0.02%
	LNG	C	0.08%	0.29%	0.08%
	LOPE	D	0.01%	0.23%	0.01%
	LOW	B	0.57%	0.31%	0.31%
	LSTR	D	0.03%	0.24%	0.03%
	LYB	D	0.1%	0.21%	0.1%
	MAS	B	0.07%	0.27%	0.07%
	MCD	B	0.78%	0.15%	0.15%
	MCHP	F	0.17%	0.26%	0.17%
	MCK	F	0.17%	0.48%	0.17%
	MDT	C	0.47%	0.19%	0.19%
	MKL	C	0.06%	0.3%	0.06%
	MMM	B	0.24%	0.16%	0.16%
	MO	C	0.37%	0.6%	0.37%
	MPC	F	0.25%	0.28%	0.25%
	MSA	D	0.03%	0.02%	0.02%
	MSI	B	0.15%	0.77%	0.15%
	MTB	B	0.11%	0.5%	0.11%
	MTD	D	0.12%	0.13%	0.12%
	MTG	B	0.03%	0.14%	0.03%
	NEE	C	0.66%	0.1%	0.1%
	NFG	B	0.02%	0.25%	0.02%
	NNN	C	0.03%	0.09%	0.03%
	NOC	B	0.29%	0.09%	0.09%
	NRG	C	0.04%	0.46%	0.04%
	NTAP	D	0.06%	1.04%	0.06%
	NVR	B	0.11%	0.23%	0.11%
	NWSA	D	0.04%	0.03%	0.03%
	NXST	D	0.01%	0.05%	0.01%
	NYT	C	0.04%	0.36%	0.04%
	O	C	0.21%	0.16%	0.16%
	OC	D	0.06%	0.17%	0.06%
	OGE	C	0.03%	0.08%	0.03%
	OGN	D	0.02%	0.28%	0.02%
	OHI	B	0.04%	0.02%	0.02%
	OMC	B	0.08%	0.14%	0.08%
	ORI	B	0.04%	0.3%	0.04%
	ORLY	C	0.02%	0.36%	0.02%
	OTIS	C	0.15%	0.27%	0.15%
	PAYX	C	0.11%	0.02%	0.02%
	PCAR	D	0.2%	0.27%	0.2%
	PEG	B	0.16%	0.24%	0.16%
	PEP	C	0.2%	0.31%	0.2%
	PG	C	1.26%	0.7%	0.7%
	PGR	B	0.09%	0.23%	0.09%
	PHM	B	0.11%	0.32%	0.11%
	PKG	B	0.07%	0.21%	0.07%
	PM	C	0.77%	0.35%	0.35%
	PNC	B	0.29%	0.19%	0.19%
	PPG	D	0.12%	0.18%	0.12%
	PPL	C	0.09%	0.19%	0.09%
	PRU	C	0.17%	0.24%	0.17%
	PSA	B	0.18%	0.08%	0.08%
	PSTG	F	0.01%	0.12%	0.01%
	PSX	F	0.24%	0.02%	0.02%
	PTC	D	0.03%	0.05%	0.03%
	QCOM	D	0.05%	0.55%	0.05%
	R	A	0.03%	0.2%	0.03%
	REGN	C	0.46%	0.26%	0.26%
	RF	B	0.09%	0.24%	0.09%
	RGA	C	0.06%	0.14%	0.06%
	RHI	D	0.03%	0.25%	0.03%
	RL	C	0.03%	0.12%	0.03%
	RMD	C	0.1%	0.35%	0.1%
	RNR	C	0.05%	0.16%	0.05%
	ROP	C	0.24%	0.2%	0.2%
	RPM	B	0.05%	0.4%	0.05%
	RS	D	0.07%	0.37%	0.07%
	RSG	D	0.17%	0.2%	0.17%
	SEE	D	0.02%	0.02%	0.02%
	SHW	B	0.03%	0.52%	0.03%
	SIRI	C	0.0%	0.02%	0.0%
	SKX	D	0.03%	0.19%	0.03%
	SLGN	B	0.02%	0.02%	0.02%
	SNA	C	0.06%	0.21%	0.06%
	SNX	D	0.04%	0.26%	0.04%
	SO	B	0.38%	0.27%	0.27%
	SON	C	0.02%	0.23%	0.02%
	SPG	B	0.16%	0.06%	0.06%
	SRE	C	0.21%	0.07%	0.07%
	STLD	F	0.07%	0.25%	0.07%
	STT	A	0.11%	0.23%	0.11%
	SW	B	0.05%	0.36%	0.05%
	SWKS	D	0.07%	0.18%	0.07%
	SYF	C	0.08%	0.23%	0.08%
	SYK	C	0.37%	0.02%	0.02%
	SYY	D	0.06%	0.28%	0.06%
	T	C	0.57%	0.9%	0.57%
	TER	D	0.01%	0.42%	0.01%
	TGT	C	0.29%	0.12%	0.12%
	TJX	B	0.22%	0.29%	0.22%
	TMUS	C	0.39%	0.68%	0.39%
	TRV	C	0.21%	0.37%	0.21%
	TT	B	0.22%	0.21%	0.21%
	TXN	C	0.69%	0.65%	0.65%
	UNH	C	2.03%	1.06%	1.06%
	UNM	B	0.04%	0.33%	0.04%
	USB	B	0.3%	0.12%	0.12%
	UTHR	C	0.06%	0.39%	0.06%
	VICI	C	0.14%	0.35%	0.14%
	VLO	F	0.19%	0.47%	0.19%
	VMI	D	0.02%	0.08%	0.02%
	VNT	F	0.02%	0.32%	0.02%
	VRSN	D	0.06%	0.37%	0.06%
	VRTX	D	0.26%	0.37%	0.26%
	VTR	C	0.1%	0.02%	0.02%
	VZ	B	0.71%	0.9%	0.71%
	WEC	C	0.12%	0.14%	0.12%
	WELL	C	0.29%	0.09%	0.09%
	WFC	D	0.82%	0.16%	0.16%
	WMT	C	1.35%	1.08%	1.08%
	WPC	C	0.05%	0.02%	0.02%
	WSM	D	0.03%	0.24%	0.03%
	WSO	C	0.07%	0.18%	0.07%
	WTM	D	0.02%	0.27%	0.02%
	XEL	B	0.14%	0.26%	0.14%
	XOM	C	2.12%	0.79%	0.79%
	YUM	D	0.09%	0.31%	0.09%

VONV Overweight 567 Positions Relative to ROUS

	Symbol	Grade	Weight
	TMO	B	0.94%
	DHR	B	0.72%
	DIS	D	0.67%
	RTX	C	0.66%
	PFE	C	0.66%
	SPGI	B	0.64%
	GE	B	0.6%
	BLK	B	0.53%
	ETN	C	0.49%
	GS	C	0.47%
	PLD	C	0.47%
	MS	D	0.45%
	MU	F	0.43%
	MDLZ	B	0.39%
	MMC	C	0.39%
	DE	B	0.39%
	UPS	D	0.38%
	INTC	F	0.38%
	AXP	B	0.37%
	ICE	C	0.37%
	SCHW	D	0.35%
	BA	F	0.34%
	AMD	D	0.33%
	UNP	C	0.33%
	PH	B	0.31%
	EQIX	C	0.3%
	PYPL	B	0.3%
	BDX	D	0.28%
	CSX	D	0.27%
	AON	B	0.27%
	NEM	B	0.25%
	APD	B	0.25%
	SLB	F	0.25%
	FCX	D	0.25%
	AJG	D	0.24%
	TFC	C	0.24%
	KKR	B	0.24%
	TDG	B	0.24%
	MRVL	C	0.24%
	EMR	D	0.24%
	GM	C	0.23%
	NSC	C	0.23%
	OKE	B	0.22%
	GEV	B	0.22%
	MAR	C	0.22%
	WMB	B	0.22%
	CEG	C	0.21%
	DLR	B	0.2%
	CARR	B	0.2%
	MET	B	0.19%
	FIS	B	0.19%
	F	F	0.18%
	LEN	B	0.18%
	LHX	C	0.18%
	KMI	B	0.17%
	A	C	0.17%
	KVUE	C	0.17%
	PCG	C	0.17%
	KDP	B	0.16%
	AME	C	0.16%
	CTVA	B	0.16%
	IQV	C	0.16%
	NUE	F	0.15%
	HWM	B	0.15%
	IR	C	0.15%
	EXR	B	0.15%
	URI	B	0.15%
	DOW	D	0.15%
	OXY	F	0.15%
	ROST	C	0.15%
	NKE	D	0.15%
	STZ	D	0.15%
	EW	F	0.14%
	HIG	B	0.14%
	DFS	B	0.14%
	BKR	C	0.14%
	DD	B	0.14%
	CBRE	A	0.14%
	CRM	D	0.14%
	CSGP	D	0.13%
	KHC	C	0.13%
	GEHC	C	0.13%
	XYL	C	0.13%
	ON	D	0.13%
	WAB	B	0.12%
	NDAQ	A	0.12%
	BIIB	F	0.12%
	WTW	C	0.12%
	EFX	B	0.12%
	MLM	D	0.12%
	HLT	B	0.11%
	IFF	B	0.11%
	TTWO	C	0.11%
	DAL	C	0.11%
	HAL	F	0.11%
	PWR	B	0.11%
	AWK	B	0.11%
	ANSS	D	0.11%
	GPN	D	0.11%
	ROK	D	0.11%
	ES	C	0.1%
	STE	C	0.1%
	SBUX	C	0.1%
	VMC	D	0.1%
	FSLR	C	0.1%
	SBAC	C	0.1%
	FCNCA	D	0.1%
	CHD	D	0.1%
	MRNA	F	0.1%
	RCL	B	0.1%
	FTV	C	0.1%
	SQ	D	0.09%
	WDC	D	0.09%
	WY	C	0.09%
	INVH	C	0.09%
	RJF	C	0.09%
	TROW	D	0.09%
	ZBH	F	0.09%
	HOLX	B	0.08%
	MSCI	C	0.08%
	J	C	0.08%
	MAA	B	0.08%
	PFG	B	0.08%
	WBD	D	0.08%
	ESS	B	0.08%
	BAX	C	0.08%
	MSTR	D	0.08%
	APTV	D	0.08%
	ATO	B	0.08%
	CFG	C	0.08%
	BALL	C	0.08%
	MKC	C	0.08%
	CMS	C	0.08%
	TDY	B	0.08%
	ARE	C	0.08%
	ILMN	C	0.08%
	K	B	0.08%
	MRO	C	0.07%
	CCL	C	0.07%
	SUI	B	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	LUV	C	0.07%
	CNP	C	0.07%
	DLTR	F	0.07%
	TXT	D	0.07%
	CSL	B	0.07%
	AVTR	B	0.07%
	TRU	B	0.07%
	CTRA	D	0.07%
	TSN	C	0.07%
	DG	F	0.07%
	NTRS	A	0.07%
	EQT	D	0.07%
	WRB	C	0.07%
	UHS	B	0.06%
	TRMB	C	0.06%
	ZBRA	B	0.06%
	GGG	C	0.06%
	BRO	C	0.06%
	BG	D	0.06%
	VTRS	D	0.06%
	JBHT	D	0.06%
	UAL	C	0.06%
	NDSN	C	0.06%
	EXPD	C	0.06%
	UDR	C	0.06%
	PNR	B	0.06%
	ZTS	C	0.06%
	NI	B	0.06%
	CAG	C	0.06%
	TOL	B	0.06%
	LNT	B	0.06%
	APO	C	0.06%
	VLTO	C	0.06%
	FNF	B	0.06%
	KIM	C	0.06%
	IEX	D	0.06%
	SWK	B	0.06%
	RBA	B	0.06%
	KEY	B	0.06%
	DOC	C	0.06%
	THC	A	0.06%
	SSNC	B	0.06%
	NVT	D	0.05%
	RPRX	C	0.05%
	ITT	B	0.05%
	BLD	D	0.05%
	OVV	F	0.05%
	TECH	C	0.05%
	FTI	D	0.05%
	TFX	C	0.05%
	EWBC	D	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	BXP	B	0.05%
	SJM	C	0.05%
	EMN	B	0.05%
	CW	B	0.05%
	ALLE	B	0.05%
	AES	C	0.05%
	IPG	C	0.05%
	HST	C	0.05%
	KMX	D	0.05%
	JKHY	B	0.05%
	CLH	A	0.05%
	CPT	B	0.05%
	EVRG	B	0.05%
	REG	C	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	EL	F	0.05%
	USFD	B	0.05%
	ACM	B	0.05%
	HES	F	0.05%
	SF	A	0.04%
	TWLO	D	0.04%
	WAL	B	0.04%
	CG	D	0.04%
	EVR	A	0.04%
	DRI	B	0.04%
	SOLV	C	0.04%
	EGP	B	0.04%
	MKTX	C	0.04%
	WST	D	0.04%
	HSIC	C	0.04%
	CNH	D	0.04%
	PRI	B	0.04%
	MOS	F	0.04%
	MGM	F	0.04%
	RGLD	C	0.04%
	DPZ	F	0.04%
	TPR	C	0.04%
	HRL	C	0.04%
	TAP	D	0.04%
	FRT	C	0.04%
	CPB	C	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	GL	C	0.04%
	PFGC	B	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	MTCH	C	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	PNW	C	0.04%
	DOX	C	0.04%
	AFRM	C	0.04%
	CRL	F	0.04%
	QGEN	C	0.04%
	ALLY	F	0.04%
	COHR	C	0.04%
	APA	F	0.04%
	CVNA	B	0.04%
	FDS	C	0.04%
	EPAM	F	0.04%
	CCK	A	0.04%
	ALB	D	0.04%
	CE	F	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	CTLT	B	0.04%
	LKQ	F	0.04%
	RRX	C	0.04%
	QRVO	F	0.04%
	SCI	B	0.04%
	HII	D	0.04%
	IVZ	B	0.03%
	GME	F	0.03%
	PARA	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	AAL	D	0.03%
	WMS	D	0.03%
	MAT	C	0.03%
	BIO	C	0.03%
	FLS	D	0.03%
	CGNX	F	0.03%
	Z	B	0.03%
	LEA	F	0.03%
	PB	B	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	WBA	F	0.03%
	SAIC	C	0.03%
	SNV	C	0.03%
	OKTA	F	0.03%
	XP	D	0.03%
	EXAS	C	0.03%
	SEIC	C	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	BBWI	F	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%
	WTFC	B	0.03%
	RRC	D	0.03%
	MTZ	B	0.03%
	AGNC	B	0.03%
	CROX	D	0.03%
	MNST	D	0.03%
	ZION	D	0.03%
	VOYA	B	0.03%
	RGEN	F	0.03%
	WCC	D	0.03%
	WEX	C	0.03%
	GNTX	F	0.03%
	WYNN	D	0.03%
	ROKU	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%
	PNFP	B	0.03%
	CMA	B	0.03%
	DAY	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%
	AR	F	0.03%
	BWA	D	0.03%
	ATI	C	0.03%
	DINO	F	0.03%
	WAT	C	0.03%
	BERY	B	0.03%
	AXTA	B	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%
	GMED	D	0.03%
	LAD	D	0.03%
	ADP	B	0.03%
	KNX	C	0.03%
	BRX	B	0.03%
	MHK	C	0.03%
	COLD	D	0.03%
	TW	B	0.03%
	JLL	B	0.03%
	KBR	D	0.03%
	X	F	0.03%
	RBC	C	0.03%
	TYL	C	0.02%
	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%
	AMP	A	0.02%
	SITE	C	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	CLF	F	0.02%
	BYD	C	0.02%
	UHAL	A	0.02%
	SAIA	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%
	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%
	OZK	D	0.02%
	EEFT	D	0.02%
	GNRC	D	0.02%
	ZG	B	0.02%
	AL	D	0.02%
	SLM	D	0.02%
	WLK	D	0.02%
	WSC	D	0.02%
	FOX	B	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%
	THO	D	0.02%
	TKR	D	0.02%
	OLLI	C	0.02%
	SRCL	A	0.02%
	LBRDK	F	0.02%
	AMG	C	0.02%
	OMF	D	0.02%
	WH	B	0.02%
	PVH	F	0.02%
	AGCO	D	0.02%
	DASH	C	0.02%
	H	C	0.02%
	POST	C	0.02%
	BEN	F	0.02%
	ST	D	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%
	MTDR	F	0.02%
	STWD	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%
	LEN	B	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%
	ULTA	D	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%
	CACC	F	0.01%
	NWL	C	0.01%
	SMG	C	0.01%
	RH	B	0.01%
	TNL	D	0.01%
	PAYC	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%
	CPRT	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	B	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%
	COTY	F	0.01%
	ALNY	C	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%
	CHH	C	0.0%
	CACC	F	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%
	DV	F	0.0%

VONV Underweight 73 Positions Relative to ROUS

	Symbol	Grade	Weight
	AAPL	C	-1.25%
	MSFT	C	-1.19%
	GOOGL	D	-1.16%
	MRK	D	-1.04%
	LLY	C	-0.94%
	NVDA	D	-0.85%
	META	B	-0.75%
	CVLT	B	-0.7%
	MUSA	D	-0.68%
	AVGO	C	-0.64%
	TEL	D	-0.59%
	COST	B	-0.58%
	ORCL	C	-0.58%
	IT	B	-0.55%
	AMZN	C	-0.49%
	GDDY	C	-0.45%
	NSIT	D	-0.44%
	NXPI	F	-0.4%
	V	C	-0.39%
	MA	B	-0.39%
	TSCO	C	-0.35%
	SANM	D	-0.33%
	KLAC	D	-0.33%
	MLI	A	-0.32%
	WM	D	-0.31%
	BMI	A	-0.31%
	ANET	B	-0.3%
	CDNS	D	-0.28%
	GPI	B	-0.26%
	ALKS	C	-0.26%
	MANH	B	-0.24%
	RDN	C	-0.2%
	ADBE	F	-0.19%
	DY	B	-0.19%
	VRSK	D	-0.19%
	AIT	A	-0.18%
	LRCX	F	-0.18%
	BAH	C	-0.18%
	STX	C	-0.17%
	ASGN	D	-0.17%
	SNPS	D	-0.17%
	UFPI	C	-0.16%
	CBT	B	-0.16%
	ROL	C	-0.15%
	CMC	D	-0.13%
	POR	C	-0.13%
	FLEX	C	-0.12%
	LII	B	-0.12%
	PANW	D	-0.12%
	INTU	C	-0.11%
	VST	C	-0.1%
	FSS	D	-0.1%
	SFM	B	-0.1%
	MMS	C	-0.09%
	UMBF	B	-0.08%
	SPSC	D	-0.07%
	KNF	B	-0.07%
	APPF	D	-0.07%
	ACIW	B	-0.07%
	NOW	B	-0.05%
	ANF	D	-0.05%
	BCO	B	-0.05%
	CSWI	B	-0.05%
	EPRT	B	-0.04%
	ITCI	D	-0.04%
	ADSK	C	-0.04%
	MOG.A	B	-0.04%
	FELE	C	-0.03%
	AAON	B	-0.02%
	ITRI	C	-0.02%
	ONB	C	-0.01%
	MPWR	C	-0.01%
	MTH	A	-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

ROUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Specialty Retail Banks - Regional - US Business Services Semiconductors Information Technology Services Insurance - Property & Casualty Packaging & Containers Biotechnology Drug Manufacturers - Major Specialty Chemicals Building Materials Electronic Components Health Care Plans Oil & Gas E&P REIT - Diversified Software - Infrastructure Utilities - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Telecommunications Banking Chemical Bank Insurance Products Aerospace Semiconductor Mining Mobile Devices Cloud Computing Retailing Integrated Circuits