VONV vs. RWL ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to RevenueShares Large Cap ETF (RWL)

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

$82.23

Average Daily Volume

320,888

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$97.07

Average Daily Volume

112,951

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	VONV	RWL
30 Days	2.01%	1.65%
60 Days	4.22%	2.62%
90 Days	7.18%	4.67%
12 Months	21.36%	22.17%

433 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in RWL	Overlap
	A	C	0.17%	0.04%	0.04%
	AAL	D	0.03%	0.29%	0.03%
	ABBV	C	0.79%	0.35%	0.35%
	ABT	C	0.79%	0.26%	0.26%
	ACGL	B	0.16%	0.09%	0.09%
	ACN	C	0.86%	0.45%	0.45%
	ADI	D	0.47%	0.06%	0.06%
	ADM	D	0.12%	0.52%	0.12%
	ADP	B	0.03%	0.12%	0.03%
	AEE	B	0.09%	0.05%	0.05%
	AEP	B	0.21%	0.13%	0.13%
	AES	C	0.05%	0.07%	0.05%
	AFL	B	0.25%	0.14%	0.14%
	AIG	D	0.21%	0.28%	0.21%
	AIZ	B	0.04%	0.07%	0.04%
	AJG	C	0.24%	0.07%	0.07%
	AKAM	D	0.06%	0.02%	0.02%
	ALB	F	0.04%	0.04%	0.04%
	ALGN	D	0.03%	0.02%	0.02%
	ALL	A	0.17%	0.39%	0.17%
	ALLE	B	0.05%	0.02%	0.02%
	AMAT	D	0.05%	0.12%	0.05%
	AMCR	C	0.07%	0.08%	0.07%
	AMD	F	0.33%	0.12%	0.12%
	AME	C	0.16%	0.04%	0.04%
	AMGN	B	0.16%	0.18%	0.16%
	AMP	B	0.02%	0.1%	0.02%
	ANSS	F	0.11%	0.01%	0.01%
	AON	B	0.27%	0.09%	0.09%
	AOS	C	0.04%	0.02%	0.02%
	APA	F	0.04%	0.04%	0.04%
	APD	B	0.25%	0.07%	0.07%
	APH	D	0.13%	0.07%	0.07%
	APTV	D	0.08%	0.11%	0.08%
	ARE	B	0.08%	0.02%	0.02%
	ATO	B	0.08%	0.03%	0.03%
	AVB	B	0.13%	0.02%	0.02%
	AVY	D	0.04%	0.05%	0.04%
	AWK	A	0.11%	0.03%	0.03%
	AXP	B	0.37%	0.45%	0.37%
	AZO	D	0.02%	0.11%	0.02%
	BA	F	0.34%	0.4%	0.34%
	BAC	D	1.11%	1.02%	1.02%
	BALL	C	0.08%	0.08%	0.08%
	BAX	C	0.08%	0.1%	0.08%
	BBWI	F	0.03%	0.03%	0.03%
	BBY	B	0.09%	0.27%	0.09%
	BDX	F	0.28%	0.11%	0.11%
	BEN	F	0.02%	0.04%	0.02%
	BG	D	0.06%	0.3%	0.06%
	BIIB	F	0.12%	0.04%	0.04%
	BIO	C	0.03%	0.02%	0.02%
	BK	A	0.2%	0.24%	0.2%
	BKNG	B	0.03%	0.13%	0.03%
	BKR	D	0.14%	0.16%	0.14%
	BLDR	C	0.08%	0.11%	0.08%
	BLK	A	0.53%	0.12%	0.12%
	BMY	C	0.41%	0.3%	0.3%
	BR	D	0.01%	0.04%	0.01%
	BRK.A	C	3.5%	2.32%	2.32%
	BRO	C	0.06%	0.03%	0.03%
	BSX	B	0.48%	0.09%	0.09%
	BWA	D	0.03%	0.08%	0.03%
	BXP	B	0.05%	0.02%	0.02%
	C	D	0.48%	0.9%	0.48%
	CAG	B	0.06%	0.08%	0.06%
	CAH	C	0.04%	1.4%	0.04%
	CARR	B	0.2%	0.15%	0.15%
	CAT	C	0.6%	0.4%	0.4%
	CB	B	0.46%	0.32%	0.32%
	CBOE	C	0.09%	0.03%	0.03%
	CBRE	A	0.14%	0.25%	0.14%
	CCI	B	0.2%	0.05%	0.05%
	CCL	C	0.07%	0.14%	0.07%
	CDW	D	0.06%	0.12%	0.06%
	CE	D	0.04%	0.05%	0.04%
	CEG	C	0.21%	0.11%	0.11%
	CF	B	0.06%	0.04%	0.04%
	CFG	D	0.08%	0.08%	0.08%
	CHD	C	0.1%	0.03%	0.03%
	CHRW	B	0.05%	0.12%	0.05%
	CHTR	D	0.13%	0.38%	0.13%
	CI	C	0.37%	1.25%	0.37%
	CINF	B	0.08%	0.07%	0.07%
	CL	C	0.16%	0.13%	0.13%
	CMCSA	D	0.62%	0.72%	0.62%
	CMI	C	0.17%	0.21%	0.17%
	CMS	A	0.08%	0.05%	0.05%
	CNC	C	0.17%	0.95%	0.17%
	CNP	C	0.07%	0.04%	0.04%
	COF	C	0.22%	0.3%	0.22%
	COP	D	0.54%	0.29%	0.29%
	CPB	B	0.04%	0.06%	0.04%
	CPRT	D	0.01%	0.02%	0.01%
	CPT	B	0.05%	0.01%	0.01%
	CRL	D	0.04%	0.02%	0.02%
	CRM	D	0.14%	0.22%	0.14%
	CSCO	B	0.82%	0.34%	0.34%
	CSGP	D	0.13%	0.02%	0.02%
	CSX	D	0.27%	0.09%	0.09%
	CTAS	C	0.01%	0.06%	0.01%
	CTLT	B	0.04%	0.03%	0.03%
	CTRA	F	0.07%	0.03%	0.03%
	CTSH	C	0.16%	0.13%	0.13%
	CTVA	B	0.16%	0.1%	0.1%
	CVS	D	0.29%	1.95%	0.29%
	CVX	D	1.02%	1.01%	1.01%
	CZR	C	0.03%	0.07%	0.03%
	D	C	0.19%	0.09%	0.09%
	DAL	C	0.11%	0.3%	0.11%
	DAY	D	0.03%	0.01%	0.01%
	DD	B	0.14%	0.07%	0.07%
	DE	B	0.39%	0.34%	0.34%
	DFS	C	0.14%	0.13%	0.13%
	DG	F	0.07%	0.15%	0.07%
	DGX	B	0.07%	0.06%	0.06%
	DHI	B	0.22%	0.28%	0.22%
	DHR	B	0.72%	0.16%	0.16%
	DIS	D	0.67%	0.45%	0.45%
	DLR	B	0.2%	0.03%	0.03%
	DLTR	F	0.07%	0.11%	0.07%
	DOC	C	0.06%	0.01%	0.01%
	DOV	B	0.1%	0.05%	0.05%
	DOW	D	0.15%	0.22%	0.15%
	DPZ	F	0.04%	0.02%	0.02%
	DRI	C	0.04%	0.07%	0.04%
	DTE	B	0.1%	0.07%	0.07%
	DUK	C	0.35%	0.19%	0.19%
	DVN	F	0.11%	0.07%	0.07%
	EA	D	0.16%	0.04%	0.04%
	EBAY	B	0.12%	0.07%	0.07%
	ECL	B	0.03%	0.09%	0.03%
	ED	C	0.14%	0.09%	0.09%
	EFX	C	0.12%	0.04%	0.04%
	EG	B	0.06%	0.09%	0.06%
	EIX	C	0.13%	0.11%	0.11%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.44%	0.99%	0.44%
	EMN	B	0.05%	0.05%	0.05%
	EMR	D	0.24%	0.09%	0.09%
	EOG	D	0.3%	0.13%	0.13%
	EPAM	D	0.04%	0.03%	0.03%
	EQIX	B	0.3%	0.05%	0.05%
	EQR	B	0.11%	0.02%	0.02%
	EQT	D	0.07%	0.02%	0.02%
	ES	C	0.1%	0.07%	0.07%
	ESS	B	0.08%	0.01%	0.01%
	ETN	C	0.49%	0.13%	0.13%
	ETR	A	0.1%	0.08%	0.08%
	ETSY	F	0.01%	0.01%	0.01%
	EVRG	A	0.05%	0.04%	0.04%
	EW	F	0.14%	0.03%	0.03%
	EXC	B	0.15%	0.14%	0.14%
	EXPD	B	0.06%	0.05%	0.05%
	EXR	B	0.15%	0.02%	0.02%
	F	D	0.18%	0.91%	0.18%
	FANG	D	0.14%	0.04%	0.04%
	FAST	C	0.02%	0.05%	0.02%
	FCX	D	0.25%	0.12%	0.12%
	FDS	C	0.04%	0.01%	0.01%
	FDX	C	0.27%	0.57%	0.27%
	FE	C	0.1%	0.08%	0.08%
	FFIV	A	0.05%	0.02%	0.02%
	FICO	A	0.03%	0.01%	0.01%
	FIS	B	0.19%	0.07%	0.07%
	FITB	B	0.12%	0.09%	0.09%
	FMC	C	0.03%	0.03%	0.03%
	FOX	B	0.02%	0.05%	0.02%
	FOXA	B	0.04%	0.05%	0.04%
	FRT	C	0.04%	0.01%	0.01%
	FSLR	C	0.1%	0.02%	0.02%
	FTNT	C	0.04%	0.04%	0.04%
	FTV	C	0.1%	0.03%	0.03%
	GD	B	0.33%	0.25%	0.25%
	GE	B	0.6%	0.26%	0.26%
	GEHC	C	0.13%	0.13%	0.13%
	GEV	B	0.22%	0.2%	0.2%
	GILD	B	0.4%	0.2%	0.2%
	GIS	B	0.16%	0.13%	0.13%
	GL	C	0.04%	0.04%	0.04%
	GLW	B	0.13%	0.08%	0.08%
	GM	B	0.23%	0.97%	0.23%
	GNRC	D	0.02%	0.02%	0.02%
	GPC	D	0.08%	0.13%	0.08%
	GPN	D	0.11%	0.06%	0.06%
	GRMN	D	0.11%	0.04%	0.04%
	GS	D	0.47%	0.7%	0.47%
	GWW	B	0.02%	0.1%	0.02%
	HAL	F	0.11%	0.11%	0.11%
	HAS	B	0.0%	0.03%	0.0%
	HBAN	B	0.09%	0.07%	0.07%
	HCA	B	0.23%	0.44%	0.23%
	HD	B	0.3%	0.93%	0.3%
	HES	D	0.05%	0.06%	0.05%
	HIG	A	0.14%	0.16%	0.14%
	HII	C	0.04%	0.07%	0.04%
	HLT	B	0.11%	0.06%	0.06%
	HOLX	B	0.08%	0.02%	0.02%
	HON	D	0.46%	0.2%	0.2%
	HPE	D	0.1%	0.12%	0.1%
	HPQ	D	0.11%	0.28%	0.11%
	HRL	C	0.04%	0.07%	0.04%
	HSIC	C	0.04%	0.07%	0.04%
	HST	D	0.05%	0.03%	0.03%
	HSY	C	0.1%	0.07%	0.07%
	HUBB	B	0.09%	0.03%	0.03%
	HUM	F	0.17%	0.56%	0.17%
	HWM	B	0.15%	0.05%	0.05%
	IBM	B	0.74%	0.44%	0.44%
	ICE	B	0.37%	0.07%	0.07%
	IEX	D	0.06%	0.02%	0.02%
	IFF	B	0.11%	0.07%	0.07%
	INCY	C	0.05%	0.02%	0.02%
	INTC	F	0.38%	0.2%	0.2%
	INVH	C	0.09%	0.01%	0.01%
	IP	B	0.07%	0.11%	0.07%
	IPG	C	0.05%	0.06%	0.05%
	IQV	C	0.16%	0.1%	0.1%
	IR	C	0.15%	0.04%	0.04%
	IRM	B	0.06%	0.04%	0.04%
	ITW	B	0.19%	0.1%	0.1%
	IVZ	C	0.03%	0.04%	0.03%
	J	D	0.08%	0.1%	0.08%
	JBHT	D	0.06%	0.08%	0.06%
	JBL	D	0.05%	0.16%	0.05%
	JCI	B	0.17%	0.16%	0.16%
	JKHY	B	0.05%	0.01%	0.01%
	JNJ	B	1.61%	0.57%	0.57%
	JNPR	A	0.05%	0.03%	0.03%
	JPM	D	2.59%	1.52%	1.52%
	K	A	0.08%	0.11%	0.08%
	KDP	A	0.16%	0.09%	0.09%
	KEY	B	0.06%	0.07%	0.06%
	KEYS	C	0.11%	0.03%	0.03%
	KHC	C	0.13%	0.16%	0.13%
	KIM	B	0.06%	0.01%	0.01%
	KKR	B	0.24%	0.14%	0.14%
	KMB	D	0.11%	0.12%	0.11%
	KMI	A	0.17%	0.09%	0.09%
	KMX	D	0.05%	0.16%	0.05%
	KO	B	0.48%	0.3%	0.3%
	KR	B	0.14%	0.93%	0.14%
	KVUE	B	0.17%	0.11%	0.11%
	L	B	0.06%	0.1%	0.06%
	LDOS	C	0.09%	0.1%	0.09%
	LEN	B	0.18%	0.23%	0.18%
	LEN	B	0.01%	0.23%	0.01%
	LHX	D	0.18%	0.12%	0.12%
	LIN	B	0.92%	0.2%	0.2%
	LKQ	D	0.04%	0.08%	0.04%
	LMT	C	0.33%	0.49%	0.33%
	LNT	A	0.06%	0.03%	0.03%
	LOW	B	0.57%	0.54%	0.54%
	LUV	C	0.07%	0.15%	0.07%
	LW	D	0.02%	0.03%	0.02%
	LYB	F	0.1%	0.23%	0.1%
	MAA	B	0.08%	0.01%	0.01%
	MAR	C	0.22%	0.13%	0.13%
	MAS	B	0.07%	0.05%	0.05%
	MCD	C	0.78%	0.17%	0.17%
	MCHP	D	0.17%	0.04%	0.04%
	MCK	F	0.17%	1.51%	0.17%
	MDLZ	B	0.39%	0.23%	0.23%
	MDT	C	0.47%	0.2%	0.2%
	MET	A	0.19%	0.42%	0.19%
	MGM	D	0.04%	0.08%	0.04%
	MHK	B	0.03%	0.08%	0.03%
	MKC	B	0.08%	0.05%	0.05%
	MKTX	C	0.04%	0.01%	0.01%
	MLM	D	0.12%	0.03%	0.03%
	MMC	C	0.39%	0.14%	0.14%
	MMM	B	0.24%	0.18%	0.18%
	MNST	C	0.03%	0.04%	0.03%
	MO	C	0.37%	0.14%	0.14%
	MOH	C	0.03%	0.23%	0.03%
	MOS	F	0.04%	0.07%	0.04%
	MPC	D	0.25%	0.79%	0.25%
	MRNA	F	0.1%	0.01%	0.01%
	MRO	D	0.07%	0.03%	0.03%
	MS	D	0.45%	0.57%	0.45%
	MSCI	C	0.08%	0.02%	0.02%
	MSI	C	0.15%	0.07%	0.07%
	MTB	B	0.11%	0.09%	0.09%
	MTCH	C	0.04%	0.02%	0.02%
	MTD	D	0.12%	0.02%	0.02%
	MU	F	0.43%	0.06%	0.06%
	NDAQ	B	0.12%	0.04%	0.04%
	NDSN	C	0.06%	0.02%	0.02%
	NEE	B	0.66%	0.15%	0.15%
	NEM	B	0.25%	0.1%	0.1%
	NI	B	0.06%	0.04%	0.04%
	NKE	D	0.15%	0.24%	0.15%
	NOC	B	0.29%	0.28%	0.28%
	NRG	C	0.04%	0.16%	0.04%
	NSC	C	0.23%	0.08%	0.08%
	NTAP	D	0.06%	0.03%	0.03%
	NTRS	B	0.07%	0.08%	0.07%
	NUE	F	0.15%	0.17%	0.15%
	NVR	B	0.11%	0.06%	0.06%
	NWS	D	0.01%	0.03%	0.01%
	NWSA	D	0.04%	0.03%	0.03%
	O	B	0.21%	0.03%	0.03%
	OKE	B	0.22%	0.12%	0.12%
	OMC	A	0.08%	0.09%	0.08%
	ON	D	0.13%	0.04%	0.04%
	ORLY	B	0.02%	0.1%	0.02%
	OTIS	D	0.15%	0.08%	0.08%
	OXY	F	0.15%	0.13%	0.13%
	PARA	F	0.03%	0.17%	0.03%
	PAYC	D	0.01%	0.01%	0.01%
	PAYX	C	0.11%	0.03%	0.03%
	PCAR	D	0.2%	0.18%	0.18%
	PCG	C	0.17%	0.15%	0.15%
	PEG	B	0.16%	0.06%	0.06%
	PEP	C	0.2%	0.56%	0.2%
	PFE	C	0.66%	0.33%	0.33%
	PFG	B	0.08%	0.09%	0.08%
	PG	C	1.26%	0.49%	0.49%
	PGR	A	0.09%	0.45%	0.09%
	PH	B	0.31%	0.13%	0.13%
	PHM	B	0.11%	0.11%	0.11%
	PKG	B	0.07%	0.05%	0.05%
	PLD	C	0.47%	0.05%	0.05%
	PM	C	0.77%	0.25%	0.25%
	PNC	B	0.29%	0.22%	0.22%
	PNR	B	0.06%	0.03%	0.03%
	PNW	B	0.04%	0.03%	0.03%
	PPG	C	0.12%	0.1%	0.1%
	PPL	C	0.09%	0.05%	0.05%
	PRU	C	0.17%	0.34%	0.17%
	PSA	B	0.18%	0.03%	0.03%
	PSX	D	0.24%	0.77%	0.24%
	PTC	D	0.03%	0.01%	0.01%
	PWR	B	0.11%	0.12%	0.11%
	PYPL	B	0.3%	0.2%	0.2%
	QCOM	D	0.05%	0.16%	0.05%
	QRVO	F	0.04%	0.02%	0.02%
	RCL	B	0.1%	0.09%	0.09%
	REG	C	0.05%	0.01%	0.01%
	REGN	C	0.46%	0.08%	0.08%
	RF	B	0.09%	0.06%	0.06%
	RJF	C	0.09%	0.08%	0.08%
	RL	B	0.03%	0.04%	0.03%
	RMD	C	0.1%	0.03%	0.03%
	ROK	D	0.11%	0.05%	0.05%
	ROP	C	0.24%	0.04%	0.04%
	ROST	C	0.15%	0.12%	0.12%
	RSG	D	0.17%	0.09%	0.09%
	RTX	C	0.66%	0.46%	0.46%
	SBAC	C	0.1%	0.02%	0.02%
	SBUX	C	0.1%	0.26%	0.1%
	SCHW	D	0.35%	0.12%	0.12%
	SHW	B	0.03%	0.16%	0.03%
	SJM	C	0.05%	0.05%	0.05%
	SLB	F	0.25%	0.18%	0.18%
	SNA	B	0.06%	0.03%	0.03%
	SO	B	0.38%	0.16%	0.16%
	SOLV	C	0.04%	0.06%	0.04%
	SPG	B	0.16%	0.04%	0.04%
	SPGI	B	0.64%	0.09%	0.09%
	SRE	B	0.21%	0.08%	0.08%
	STE	C	0.1%	0.03%	0.03%
	STLD	D	0.07%	0.1%	0.07%
	STT	A	0.11%	0.12%	0.11%
	STZ	C	0.15%	0.06%	0.06%
	SW	B	0.05%	0.1%	0.05%
	SWK	B	0.06%	0.1%	0.06%
	SWKS	F	0.07%	0.02%	0.02%
	SYF	C	0.08%	0.12%	0.08%
	SYK	C	0.37%	0.13%	0.13%
	SYY	D	0.06%	0.48%	0.06%
	T	B	0.57%	0.85%	0.57%
	TAP	C	0.04%	0.07%	0.04%
	TDG	B	0.24%	0.04%	0.04%
	TDY	C	0.08%	0.03%	0.03%
	TECH	C	0.05%	0.01%	0.01%
	TER	D	0.01%	0.01%	0.01%
	TFC	D	0.24%	0.22%	0.22%
	TFX	C	0.05%	0.02%	0.02%
	TGT	C	0.29%	0.63%	0.29%
	TJX	C	0.22%	0.34%	0.22%
	TMO	C	0.94%	0.26%	0.26%
	TMUS	C	0.39%	0.51%	0.39%
	TPR	C	0.04%	0.04%	0.04%
	TRMB	C	0.06%	0.02%	0.02%
	TROW	D	0.09%	0.03%	0.03%
	TRV	B	0.21%	0.28%	0.21%
	TSN	C	0.07%	0.34%	0.07%
	TT	B	0.22%	0.11%	0.11%
	TTWO	D	0.11%	0.03%	0.03%
	TXN	C	0.69%	0.1%	0.1%
	TXT	D	0.07%	0.08%	0.07%
	TYL	C	0.02%	0.01%	0.01%
	UAL	B	0.06%	0.31%	0.06%
	UDR	B	0.06%	0.01%	0.01%
	UHS	B	0.06%	0.1%	0.06%
	ULTA	D	0.01%	0.06%	0.01%
	UNH	C	2.03%	2.54%	2.03%
	UNP	B	0.33%	0.15%	0.15%
	UPS	D	0.38%	0.48%	0.38%
	URI	B	0.15%	0.09%	0.09%
	USB	B	0.3%	0.26%	0.26%
	VICI	C	0.14%	0.02%	0.02%
	VLO	D	0.19%	0.71%	0.19%
	VLTO	C	0.06%	0.03%	0.03%
	VMC	D	0.1%	0.04%	0.04%
	VRSN	D	0.06%	0.01%	0.01%
	VRTX	D	0.26%	0.06%	0.06%
	VTR	C	0.1%	0.03%	0.03%
	VTRS	C	0.06%	0.1%	0.06%
	VZ	B	0.71%	0.84%	0.71%
	WAB	A	0.12%	0.06%	0.06%
	WAT	C	0.03%	0.02%	0.02%
	WBA	F	0.03%	0.46%	0.03%
	WBD	D	0.08%	0.24%	0.08%
	WDC	D	0.09%	0.05%	0.05%
	WEC	B	0.12%	0.06%	0.06%
	WELL	B	0.29%	0.05%	0.05%
	WFC	D	0.82%	0.61%	0.61%
	WMB	B	0.22%	0.06%	0.06%
	WMT	B	1.35%	4.41%	1.35%
	WRB	C	0.07%	0.08%	0.07%
	WST	D	0.04%	0.01%	0.01%
	WTW	B	0.12%	0.06%	0.06%
	WY	C	0.09%	0.05%	0.05%
	WYNN	D	0.03%	0.03%	0.03%
	XEL	A	0.14%	0.09%	0.09%
	XOM	D	2.12%	1.91%	1.91%
	XYL	D	0.13%	0.04%	0.04%
	YUM	D	0.09%	0.04%	0.04%
	ZBH	F	0.09%	0.04%	0.04%
	ZBRA	B	0.06%	0.03%	0.03%
	ZTS	B	0.06%	0.06%	0.06%

VONV Overweight 406 Positions Relative to RWL

	Symbol	Grade	Weight
	MRVL	C	0.24%
	DELL	D	0.1%
	FCNCA	D	0.1%
	SQ	D	0.09%
	MSTR	D	0.08%
	LNG	D	0.08%
	ILMN	C	0.08%
	RS	D	0.07%
	WSO	C	0.07%
	SUI	B	0.07%
	ZM	C	0.07%
	BMRN	F	0.07%
	CSL	C	0.07%
	AVTR	B	0.07%
	TRU	B	0.07%
	GGG	C	0.06%
	RGA	B	0.06%
	OC	C	0.06%
	TOL	B	0.06%
	APO	C	0.06%
	FNF	A	0.06%
	MKL	C	0.06%
	RBA	C	0.06%
	UTHR	C	0.06%
	THC	B	0.06%
	SSNC	B	0.06%
	NVT	D	0.05%
	RPRX	C	0.05%
	RPM	B	0.05%
	ITT	C	0.05%
	BLD	D	0.05%
	OVV	D	0.05%
	FTI	D	0.05%
	EWBC	C	0.05%
	CUBE	B	0.05%
	RIVN	F	0.05%
	CW	B	0.05%
	DKS	D	0.05%
	CLH	B	0.05%
	WPC	B	0.05%
	RNR	B	0.05%
	HOOD	C	0.05%
	IBKR	B	0.05%
	ELS	C	0.05%
	AMH	C	0.05%
	GLPI	B	0.05%
	USFD	B	0.05%
	ACM	B	0.05%
	DCI	D	0.04%
	SF	A	0.04%
	TWLO	D	0.04%
	WAL	B	0.04%
	CG	C	0.04%
	EVR	B	0.04%
	INGR	A	0.04%
	NYT	C	0.04%
	EGP	B	0.04%
	CNH	C	0.04%
	ORI	A	0.04%
	FHN	D	0.04%
	GPK	B	0.04%
	PRI	B	0.04%
	SNX	D	0.04%
	CHRD	F	0.04%
	EHC	B	0.04%
	RGLD	B	0.04%
	AFG	B	0.04%
	ARMK	B	0.04%
	TTC	D	0.04%
	OHI	A	0.04%
	PFGC	B	0.04%
	CHK	D	0.04%
	WTRG	D	0.04%
	WWD	D	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	AFRM	C	0.04%
	QGEN	B	0.04%
	ATR	B	0.04%
	ALLY	F	0.04%
	COHR	B	0.04%
	CVNA	B	0.04%
	BJ	D	0.04%
	CCK	A	0.04%
	UNM	B	0.04%
	CACI	B	0.04%
	REXR	C	0.04%
	NTNX	C	0.04%
	EME	B	0.04%
	CASY	D	0.04%
	RRX	C	0.04%
	SCI	B	0.04%
	R	B	0.03%
	GME	F	0.03%
	VFC	C	0.03%
	FAF	B	0.03%
	RHI	D	0.03%
	WMS	D	0.03%
	LSTR	D	0.03%
	MAT	C	0.03%
	FLS	D	0.03%
	CGNX	D	0.03%
	BPOP	C	0.03%
	Z	B	0.03%
	LEA	D	0.03%
	PB	B	0.03%
	CFR	C	0.03%
	DAR	F	0.03%
	LFUS	D	0.03%
	GWRE	A	0.03%
	SAIC	C	0.03%
	SNV	C	0.03%
	OKTA	F	0.03%
	XP	D	0.03%
	MSA	C	0.03%
	MTG	B	0.03%
	EXAS	C	0.03%
	SEIC	B	0.03%
	BFAM	C	0.03%
	G	C	0.03%
	SOFI	C	0.03%
	KEX	C	0.03%
	WSM	C	0.03%
	SWN	D	0.03%
	NOV	D	0.03%
	SSD	C	0.03%
	OSK	D	0.03%
	PR	D	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	A	0.03%
	CROX	C	0.03%
	ZION	D	0.03%
	VOYA	A	0.03%
	RGEN	F	0.03%
	WCC	C	0.03%
	WEX	C	0.03%
	ADC	C	0.03%
	GNTX	F	0.03%
	ROKU	C	0.03%
	ARW	C	0.03%
	BRBR	B	0.03%
	HLI	B	0.03%
	STAG	C	0.03%
	ACHC	C	0.03%
	BWXT	D	0.03%
	FR	C	0.03%
	MKSI	F	0.03%
	MIDD	C	0.03%
	FND	C	0.03%
	PNFP	B	0.03%
	CRBG	D	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	F	0.03%
	CHE	C	0.03%
	AR	D	0.03%
	CRUS	D	0.03%
	AYI	B	0.03%
	ATI	C	0.03%
	OGE	B	0.03%
	COKE	C	0.03%
	DINO	D	0.03%
	BERY	B	0.03%
	AXTA	C	0.03%
	FCN	C	0.03%
	AA	D	0.03%
	TKO	B	0.03%
	APG	D	0.03%
	WBS	C	0.03%
	ALSN	B	0.03%
	GMED	D	0.03%
	LAD	C	0.03%
	LAMR	A	0.03%
	KNX	C	0.03%
	ACI	F	0.03%
	BRX	B	0.03%
	COLD	D	0.03%
	CIEN	C	0.03%
	TW	A	0.03%
	JLL	B	0.03%
	KBR	D	0.03%
	SKX	C	0.03%
	X	D	0.03%
	RBC	C	0.03%
	NNN	B	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	D	0.02%
	CPRI	D	0.02%
	DOCS	B	0.02%
	CLF	F	0.02%
	BYD	C	0.02%
	UHAL	B	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	F	0.02%
	EEFT	D	0.02%
	ZG	B	0.02%
	AL	D	0.02%
	SEE	D	0.02%
	SLM	C	0.02%
	WLK	D	0.02%
	JHG	B	0.02%
	AVT	D	0.02%
	WSC	D	0.02%
	SN	B	0.02%
	IDA	B	0.02%
	OLN	D	0.02%
	MDU	B	0.02%
	XRAY	D	0.02%
	HXL	F	0.02%
	THG	A	0.02%
	COLB	B	0.02%
	UGI	C	0.02%
	WHR	D	0.02%
	FNB	D	0.02%
	BC	C	0.02%
	KD	D	0.02%
	VNT	D	0.02%
	NFG	B	0.02%
	THO	D	0.02%
	TKR	D	0.02%
	OLLI	C	0.02%
	SRCL	A	0.02%
	LBRDK	D	0.02%
	LNC	D	0.02%
	SON	C	0.02%
	AMG	C	0.02%
	OMF	C	0.02%
	WH	B	0.02%
	PVH	F	0.02%
	AGCO	D	0.02%
	DASH	C	0.02%
	H	C	0.02%
	VMI	D	0.02%
	POST	C	0.02%
	OGN	D	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%
	MTSI	D	0.02%
	MTDR	D	0.02%
	STWD	A	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	F	0.01%
	LPX	B	0.01%
	PSTG	F	0.01%
	SHC	B	0.01%
	IPGP	F	0.01%
	SAM	F	0.01%
	BIRK	D	0.01%
	QS	F	0.01%
	GLOB	D	0.01%
	ADTN	F	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	KSS	F	0.01%
	RCM	C	0.01%
	JWN	B	0.01%
	HHH	C	0.01%
	CRI	C	0.01%
	BOKF	B	0.01%
	YETI	D	0.01%
	PINC	C	0.01%
	MASI	D	0.01%
	AGR	B	0.01%
	VIRT	B	0.01%
	ENOV	F	0.01%
	CWEN	B	0.01%
	BRKR	D	0.01%
	VAC	F	0.01%
	MPW	C	0.01%
	AAP	F	0.01%
	CC	F	0.01%
	COLM	B	0.01%
	AZTA	D	0.01%
	U	D	0.01%
	RKT	B	0.01%
	CNM	F	0.01%
	SPB	B	0.01%
	CLVT	D	0.01%
	PENN	D	0.01%
	IRDM	D	0.01%
	BHF	D	0.01%
	LOPE	D	0.01%
	CACC	D	0.01%
	NWL	D	0.01%
	SMG	C	0.01%
	RH	B	0.01%
	TNL	D	0.01%
	ZI	D	0.01%
	FHB	C	0.01%
	AM	B	0.01%
	AMED	C	0.01%
	PAG	D	0.01%
	NVST	D	0.01%
	PK	D	0.01%
	TPG	B	0.01%
	PLNT	A	0.01%
	NXST	D	0.01%
	NSA	B	0.01%
	HIW	B	0.01%
	WU	D	0.01%
	MAN	C	0.01%
	EPR	B	0.01%
	MSGS	B	0.01%
	LCID	C	0.01%
	SPR	D	0.01%
	CNXC	D	0.01%
	HUN	D	0.01%
	DNB	C	0.01%
	AWI	B	0.01%
	COTY	F	0.01%
	ALNY	B	0.01%
	AMKR	F	0.01%
	GTES	C	0.01%
	UHAL	B	0.0%
	SEG	C	0.0%
	UWMC	C	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	UI	B	0.0%
	IONS	F	0.0%
	LBRDA	D	0.0%
	PLTK	C	0.0%
	CHH	C	0.0%
	CACC	D	0.0%
	SIRI	C	0.0%
	TFSL	C	0.0%
	PATH	D	0.0%
	HCP	A	0.0%
	CWEN	B	0.0%
	SEB	C	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	D	0.0%
	AMC	D	0.0%
	MTN	D	0.0%
	CNA	C	0.0%
	UA	C	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%
	DV	F	0.0%

VONV Underweight 64 Positions Relative to RWL

	Symbol	Grade	Weight
	AMZN	C	-3.4%
	AAPL	D	-2.26%
	COST	C	-1.53%
	MSFT	C	-1.29%
	META	A	-0.84%
	GOOGL	D	-0.79%
	GOOG	D	-0.78%
	TSLA	C	-0.69%
	NVDA	D	-0.41%
	ORCL	B	-0.35%
	MRK	D	-0.31%
	AVGO	C	-0.23%
	LLY	C	-0.22%
	UBER	C	-0.21%
	NFLX	B	-0.2%
	V	B	-0.2%
	MA	B	-0.16%
	LYV	B	-0.14%
	ADBE	D	-0.13%
	WM	D	-0.12%
	TRGP	B	-0.11%
	INTU	D	-0.1%
	TEL	D	-0.09%
	VST	C	-0.08%
	AMT	C	-0.08%
	DVA	B	-0.08%
	EXPE	C	-0.08%
	TSCO	C	-0.08%
	NOW	A	-0.07%
	BX	B	-0.07%
	LVS	D	-0.06%
	LRCX	F	-0.06%
	NCLH	C	-0.06%
	NXPI	D	-0.06%
	ABNB	D	-0.05%
	LULU	D	-0.05%
	ISRG	C	-0.05%
	PANW	D	-0.05%
	KLAC	D	-0.05%
	CMG	C	-0.05%
	CLX	C	-0.05%
	SMCI	F	-0.04%
	CME	C	-0.04%
	ADSK	B	-0.04%
	ODFL	C	-0.04%
	ANET	B	-0.04%
	IT	B	-0.04%
	MCO	A	-0.04%
	CPAY	B	-0.03%
	GDDY	C	-0.03%
	SNPS	D	-0.03%
	POOL	C	-0.03%
	STX	D	-0.03%
	VRSK	D	-0.02%
	ROL	C	-0.02%
	CDNS	D	-0.02%
	IDXX	C	-0.02%
	DECK	C	-0.02%
	ENPH	C	-0.01%
	MPWR	C	-0.01%
	PODD	B	-0.01%
	CRWD	F	-0.01%
	DXCM	F	-0.01%
	AXON	B	-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

RWL: Top Represented Industries & Keywords

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

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