VONV vs. SHE ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

$85.75

Average Daily Volume

356,932

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.00

Average Daily Volume

3,215

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SHE
30 Days	2.89%	3.18%
60 Days	6.66%	8.86%
90 Days	10.45%	11.92%
12 Months	34.12%	38.90%

206 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SHE	Overlap
	ABT	B	0.78%	0.73%	0.73%
	ACI	C	0.03%	0.03%	0.03%
	ACM	B	0.06%	0.05%	0.05%
	ACN	C	0.88%	4.32%	0.88%
	ADM	F	0.11%	0.08%	0.08%
	AEE	A	0.09%	0.07%	0.07%
	AEP	D	0.21%	0.16%	0.16%
	AIG	C	0.19%	0.2%	0.19%
	AIZ	A	0.04%	0.04%	0.04%
	AKAM	F	0.06%	0.26%	0.06%
	ALB	C	0.04%	0.03%	0.03%
	ALL	B	0.17%	0.18%	0.17%
	ALNY	B	0.02%	0.12%	0.02%
	AMCR	D	0.06%	0.06%	0.06%
	AMH	D	0.05%	0.04%	0.04%
	ANSS	B	0.11%	0.51%	0.11%
	APA	F	0.04%	0.02%	0.02%
	APTV	F	0.08%	0.11%	0.08%
	AVB	A	0.13%	0.1%	0.1%
	AWK	D	0.11%	0.12%	0.11%
	AXP	B	0.38%	0.65%	0.38%
	BA	F	0.29%	0.28%	0.28%
	BAC	B	1.07%	1.18%	1.07%
	BBWI	D	0.03%	0.04%	0.03%
	BBY	D	0.09%	0.09%	0.09%
	BIIB	F	0.11%	0.09%	0.09%
	BK	B	0.21%	0.21%	0.21%
	BKNG	B	0.03%	1.33%	0.03%
	BKR	B	0.14%	0.14%	0.14%
	BR	A	0.01%	0.1%	0.01%
	C	B	0.47%	0.5%	0.47%
	CAH	B	0.04%	0.11%	0.04%
	CARR	D	0.22%	0.19%	0.19%
	CAT	B	0.65%	1.0%	0.65%
	CDW	F	0.06%	0.48%	0.06%
	CE	F	0.04%	0.03%	0.03%
	CHD	C	0.1%	0.08%	0.08%
	CHTR	B	0.12%	0.17%	0.12%
	CI	F	0.35%	0.31%	0.31%
	CL	F	0.15%	0.26%	0.15%
	CMI	B	0.17%	0.24%	0.17%
	CMS	D	0.08%	0.06%	0.06%
	CNC	F	0.16%	0.13%	0.13%
	CNP	B	0.07%	0.08%	0.07%
	COF	B	0.22%	0.24%	0.22%
	CPB	D	0.04%	0.03%	0.03%
	CRL	D	0.04%	0.04%	0.04%
	CSCO	A	0.85%	3.99%	0.85%
	CSGP	D	0.12%	0.14%	0.12%
	CVS	F	0.31%	0.26%	0.26%
	CVX	B	1.0%	0.98%	0.98%
	D	C	0.19%	0.23%	0.19%
	DAL	B	0.13%	0.03%	0.03%
	DAY	A	0.03%	0.04%	0.03%
	DD	D	0.15%	0.11%	0.11%
	DE	C	0.42%	0.34%	0.34%
	DG	F	0.07%	0.07%	0.07%
	DHI	D	0.22%	0.23%	0.22%
	DKS	D	0.04%	0.08%	0.04%
	DLR	B	0.21%	0.22%	0.21%
	DOW	F	0.15%	0.13%	0.13%
	DTE	D	0.11%	0.11%	0.11%
	DUK	D	0.35%	0.27%	0.27%
	EA	B	0.15%	0.12%	0.12%
	EBAY	D	0.13%	0.14%	0.13%
	ECL	D	0.03%	0.2%	0.03%
	ED	D	0.14%	0.13%	0.13%
	EIX	D	0.13%	0.13%	0.13%
	EL	F	0.06%	0.06%	0.06%
	EMR	B	0.25%	0.25%	0.25%
	EOG	B	0.28%	0.2%	0.2%
	EQIX	B	0.31%	0.25%	0.25%
	EQR	D	0.11%	0.08%	0.08%
	EQT	B	0.08%	0.07%	0.07%
	ETN	A	0.52%	0.5%	0.5%
	ETR	B	0.11%	0.11%	0.11%
	EXC	D	0.16%	0.13%	0.13%
	EXR	D	0.15%	0.12%	0.12%
	FANG	D	0.13%	0.11%	0.11%
	FBIN	D	0.04%	0.05%	0.04%
	FDS	B	0.04%	0.07%	0.04%
	FDX	B	0.25%	0.22%	0.22%
	FIS	C	0.19%	0.17%	0.17%
	FITB	B	0.12%	0.12%	0.12%
	FTNT	A	0.04%	0.93%	0.04%
	FTV	F	0.11%	0.1%	0.1%
	GE	C	0.64%	0.57%	0.57%
	GILD	B	0.41%	0.45%	0.41%
	GIS	F	0.16%	0.13%	0.13%
	GPN	C	0.1%	0.1%	0.1%
	GWW	A	0.02%	0.17%	0.02%
	HIG	C	0.14%	0.15%	0.14%
	HLT	A	0.11%	0.52%	0.11%
	HON	B	0.45%	0.49%	0.45%
	HRL	F	0.04%	0.04%	0.04%
	HST	C	0.05%	0.06%	0.05%
	HSY	F	0.1%	0.1%	0.1%
	HUBB	B	0.09%	0.09%	0.09%
	IFF	F	0.11%	0.07%	0.07%
	ILMN	B	0.08%	0.09%	0.08%
	INCY	A	0.04%	0.05%	0.04%
	INTC	C	0.4%	1.99%	0.4%
	INVH	D	0.09%	0.08%	0.08%
	IPG	F	0.05%	0.05%	0.05%
	IRM	C	0.06%	0.13%	0.06%
	ITW	B	0.19%	0.29%	0.19%
	J	C	0.06%	0.07%	0.06%
	JCI	A	0.17%	0.23%	0.17%
	JNJ	D	1.55%	1.46%	1.46%
	JPM	B	2.39%	2.66%	2.39%
	KEY	B	0.06%	0.07%	0.06%
	KIM	A	0.06%	0.07%	0.06%
	KMX	F	0.04%	0.06%	0.04%
	KO	D	0.47%	1.0%	0.47%
	KR	A	0.15%	0.15%	0.15%
	LDOS	A	0.09%	0.1%	0.09%
	LH	A	0.07%	0.07%	0.07%
	LIN	D	0.91%	0.91%	0.91%
	LNG	A	0.08%	0.16%	0.08%
	LOW	B	0.61%	0.95%	0.61%
	LUV	B	0.07%	0.02%	0.02%
	LYB	F	0.1%	0.07%	0.07%
	MAA	C	0.07%	0.07%	0.07%
	MAR	A	0.23%	0.64%	0.23%
	MCK	B	0.14%	0.3%	0.14%
	MDT	C	0.46%	0.42%	0.42%
	MGM	F	0.04%	0.06%	0.04%
	MMC	C	0.38%	0.43%	0.38%
	MMM	C	0.24%	0.25%	0.24%
	MTB	B	0.12%	0.14%	0.12%
	NEM	D	0.24%	0.23%	0.23%
	NKE	F	0.16%	0.42%	0.16%
	NOC	C	0.29%	0.31%	0.29%
	NSC	B	0.22%	0.19%	0.19%
	NTRS	B	0.07%	0.08%	0.07%
	NWSA	B	0.04%	0.03%	0.03%
	O	D	0.22%	0.16%	0.16%
	OC	B	0.06%	0.06%	0.06%
	OMC	B	0.08%	0.07%	0.07%
	OVV	D	0.04%	0.04%	0.04%
	OXY	F	0.14%	0.14%	0.14%
	PARA	C	0.03%	0.04%	0.03%
	PEG	D	0.18%	0.16%	0.16%
	PFG	C	0.08%	0.08%	0.08%
	PG	D	1.26%	1.49%	1.26%
	PGR	B	0.09%	0.66%	0.09%
	PNC	A	0.29%	0.31%	0.29%
	PNR	B	0.06%	0.07%	0.06%
	PPL	B	0.1%	0.09%	0.09%
	PRU	C	0.17%	0.19%	0.17%
	PSA	D	0.19%	0.19%	0.19%
	PSX	F	0.22%	0.15%	0.15%
	RCL	B	0.11%	0.29%	0.11%
	RF	B	0.08%	0.09%	0.08%
	RIVN	F	0.04%	0.03%	0.03%
	ROK	B	0.11%	0.11%	0.11%
	ROST	D	0.15%	0.42%	0.15%
	RPM	B	0.05%	0.05%	0.05%
	RTX	C	0.64%	0.49%	0.49%
	SBUX	B	0.1%	0.91%	0.1%
	SCHW	B	0.34%	0.44%	0.34%
	SJM	D	0.05%	0.05%	0.05%
	SPG	A	0.16%	0.22%	0.16%
	SPGI	D	0.64%	0.57%	0.57%
	SQ	C	0.09%	0.15%	0.09%
	SSNC	C	0.06%	0.07%	0.06%
	STZ	F	0.16%	0.11%	0.11%
	SW	B	0.1%	0.08%	0.08%
	SWK	F	0.07%	0.06%	0.06%
	SYF	B	0.08%	0.09%	0.08%
	T	B	0.62%	0.62%	0.62%
	TFC	B	0.23%	0.24%	0.23%
	TFX	F	0.05%	0.04%	0.04%
	TGT	F	0.29%	0.27%	0.27%
	TJX	C	0.22%	1.18%	0.22%
	TMUS	A	0.4%	0.5%	0.4%
	TROW	B	0.09%	0.09%	0.09%
	TRU	C	0.08%	0.07%	0.07%
	TSN	D	0.07%	0.05%	0.05%
	TT	A	0.23%	0.32%	0.23%
	TTWO	B	0.1%	0.09%	0.09%
	TWLO	A	0.03%	0.26%	0.03%
	TXT	D	0.07%	0.05%	0.05%
	TYL	B	0.01%	0.44%	0.01%
	ULTA	C	0.01%	0.17%	0.01%
	UNH	B	1.98%	1.77%	1.77%
	UTHR	B	0.06%	0.06%	0.06%
	VICI	D	0.14%	0.14%	0.14%
	VLTO	D	0.06%	0.12%	0.06%
	VRTX	A	0.24%	0.46%	0.24%
	VTR	B	0.1%	0.12%	0.1%
	VZ	D	0.75%	0.77%	0.75%
	WAB	A	0.13%	0.11%	0.11%
	WBA	F	0.03%	0.03%	0.03%
	WBD	C	0.08%	0.11%	0.08%
	WEC	B	0.12%	0.11%	0.11%
	WFC	B	0.78%	0.94%	0.78%
	WSM	F	0.03%	0.14%	0.03%
	WTW	B	0.12%	0.13%	0.12%
	WY	D	0.1%	0.07%	0.07%
	WYNN	D	0.04%	0.04%	0.04%
	XEL	B	0.14%	0.12%	0.12%
	XOM	B	2.08%	1.46%	1.46%
	XYL	F	0.13%	0.11%	0.11%
	Z	B	0.03%	0.04%	0.03%
	ZTS	F	0.06%	0.3%	0.06%

VONV Overweight 638 Positions Relative to SHE

	Symbol	Grade	Weight
	BRK.A	C	3.33%
	WMT	A	1.39%
	TMO	F	0.93%
	MCD	D	0.81%
	IBM	D	0.8%
	ABBV	B	0.79%
	PM	C	0.75%
	DHR	F	0.71%
	DIS	C	0.7%
	NEE	D	0.69%
	PFE	F	0.65%
	TXN	A	0.65%
	CMCSA	B	0.63%
	BLK	B	0.55%
	BSX	A	0.49%
	COP	C	0.49%
	CB	D	0.46%
	PLD	F	0.46%
	MS	B	0.45%
	ADI	D	0.45%
	GS	B	0.45%
	MU	C	0.45%
	BMY	C	0.42%
	REGN	F	0.4%
	ELV	F	0.4%
	MDLZ	F	0.39%
	SO	D	0.39%
	UPS	D	0.39%
	AMD	F	0.36%
	ICE	D	0.36%
	SYK	A	0.36%
	MO	B	0.35%
	LMT	D	0.34%
	GD	B	0.33%
	PYPL	A	0.32%
	PH	B	0.32%
	HD	B	0.32%
	WELL	B	0.31%
	UNP	D	0.31%
	CME	B	0.31%
	BDX	F	0.28%
	FI	B	0.28%
	USB	B	0.28%
	FCX	C	0.28%
	CSX	B	0.27%
	AON	B	0.27%
	CEG	D	0.27%
	GEV	A	0.27%
	APD	B	0.26%
	TDG	C	0.25%
	AFL	D	0.25%
	KKR	B	0.25%
	ROP	B	0.24%
	SLB	D	0.24%
	MPC	F	0.23%
	HCA	D	0.23%
	WMB	B	0.22%
	AJG	C	0.22%
	MRVL	B	0.22%
	SRE	A	0.21%
	OKE	A	0.21%
	TRV	B	0.21%
	GM	B	0.2%
	PCAR	B	0.2%
	CCI	D	0.2%
	MET	C	0.19%
	PEP	F	0.19%
	KVUE	A	0.18%
	LEN	D	0.18%
	LHX	A	0.18%
	OTIS	B	0.17%
	PCG	B	0.17%
	MCHP	F	0.17%
	KMI	A	0.17%
	VLO	D	0.17%
	A	D	0.17%
	IR	B	0.16%
	AME	A	0.16%
	KDP	F	0.16%
	ACGL	D	0.16%
	URI	B	0.16%
	CTVA	C	0.16%
	RSG	B	0.16%
	F	D	0.16%
	GEHC	D	0.15%
	IQV	F	0.15%
	CBRE	A	0.15%
	HWM	B	0.15%
	HUM	F	0.15%
	AMGN	C	0.15%
	CTSH	B	0.15%
	MSI	A	0.15%
	CRM	A	0.15%
	GLW	B	0.14%
	DFS	B	0.14%
	NUE	C	0.14%
	MTD	F	0.13%
	EW	F	0.13%
	APH	B	0.13%
	PHM	D	0.12%
	PWR	A	0.12%
	NDAQ	B	0.12%
	PPG	F	0.12%
	ON	D	0.12%
	MLM	B	0.12%
	KHC	F	0.12%
	HPE	B	0.11%
	FSLR	F	0.11%
	HPQ	B	0.11%
	STT	B	0.11%
	DELL	C	0.11%
	GRMN	B	0.11%
	PAYX	A	0.11%
	KEYS	A	0.11%
	NVR	D	0.11%
	KMB	D	0.11%
	EFX	D	0.11%
	YUM	C	0.1%
	VMC	B	0.1%
	DVN	F	0.1%
	MSTR	B	0.1%
	FE	D	0.1%
	HAL	D	0.1%
	RMD	B	0.1%
	SBAC	D	0.1%
	DOV	B	0.1%
	MRNA	F	0.09%
	CBOE	D	0.09%
	FCNCA	B	0.09%
	ZBH	C	0.09%
	WDC	C	0.09%
	RJF	B	0.09%
	ES	D	0.09%
	STE	F	0.09%
	PKG	B	0.08%
	BAX	F	0.08%
	GPC	F	0.08%
	TDY	A	0.08%
	ARE	D	0.08%
	MKC	D	0.08%
	BALL	F	0.08%
	CINF	B	0.08%
	ATO	A	0.08%
	K	A	0.08%
	BLDR	D	0.08%
	HBAN	B	0.08%
	APO	B	0.07%
	RS	B	0.07%
	WRB	B	0.07%
	SUI	F	0.07%
	IP	B	0.07%
	WSO	B	0.07%
	DGX	B	0.07%
	AVTR	F	0.07%
	CTRA	C	0.07%
	CSL	C	0.07%
	ZM	A	0.07%
	CCL	B	0.07%
	MAS	D	0.07%
	CFG	B	0.07%
	HOLX	D	0.07%
	UAL	A	0.07%
	STLD	B	0.07%
	MSCI	B	0.07%
	ESS	C	0.07%
	RNR	B	0.06%
	JBHT	B	0.06%
	NTAP	C	0.06%
	USFD	B	0.06%
	EG	D	0.06%
	L	A	0.06%
	DLTR	F	0.06%
	AES	F	0.06%
	RGA	B	0.06%
	GGG	C	0.06%
	IBKR	B	0.06%
	SYY	C	0.06%
	RBA	B	0.06%
	MRO	B	0.06%
	SNA	A	0.06%
	UDR	C	0.06%
	ZBRA	B	0.06%
	NDSN	C	0.06%
	GEN	B	0.06%
	VRSN	D	0.06%
	TRMB	A	0.06%
	MKL	B	0.06%
	CAG	F	0.06%
	EXPD	D	0.06%
	HOOD	A	0.06%
	NI	A	0.06%
	LNT	D	0.06%
	CF	B	0.06%
	TOL	B	0.06%
	RVTY	B	0.06%
	THC	B	0.06%
	SWKS	F	0.06%
	DOC	B	0.06%
	FNF	C	0.06%
	IEX	B	0.06%
	EWBC	B	0.05%
	CASY	B	0.05%
	NVT	B	0.05%
	COHR	B	0.05%
	QCOM	C	0.05%
	BLD	F	0.05%
	CUBE	D	0.05%
	EME	B	0.05%
	JBL	C	0.05%
	CLH	B	0.05%
	CVNA	B	0.05%
	ITT	A	0.05%
	TECH	B	0.05%
	CW	A	0.05%
	BXP	B	0.05%
	JNPR	C	0.05%
	ALLE	C	0.05%
	CPT	C	0.05%
	CHRW	B	0.05%
	JKHY	C	0.05%
	FFIV	B	0.05%
	EMN	D	0.05%
	ELS	C	0.05%
	UHS	D	0.05%
	BMRN	F	0.05%
	REG	B	0.05%
	HES	C	0.05%
	GLPI	D	0.05%
	WPC	D	0.05%
	BG	F	0.05%
	AMAT	D	0.05%
	VTRS	B	0.05%
	EVRG	B	0.05%
	BRO	B	0.05%
	DCI	A	0.04%
	CIEN	A	0.04%
	NYT	B	0.04%
	EGP	D	0.04%
	CZR	D	0.04%
	INGR	B	0.04%
	TTC	D	0.04%
	SNX	B	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	B	0.04%
	DRI	B	0.04%
	WAL	B	0.04%
	HSIC	F	0.04%
	GL	C	0.04%
	SF	B	0.04%
	FRT	C	0.04%
	AFRM	B	0.04%
	CG	B	0.04%
	MKTX	C	0.04%
	EHC	B	0.04%
	SOLV	C	0.04%
	AA	B	0.04%
	MTCH	F	0.04%
	FOXA	B	0.04%
	AFG	B	0.04%
	CNH	D	0.04%
	WTRG	B	0.04%
	QRVO	F	0.04%
	DPZ	C	0.04%
	TTEK	C	0.04%
	DOX	A	0.04%
	OHI	B	0.04%
	PNW	B	0.04%
	TAP	C	0.04%
	QGEN	D	0.04%
	ARMK	B	0.04%
	WWD	B	0.04%
	PFGC	B	0.04%
	NTNX	B	0.04%
	LKQ	F	0.04%
	EPAM	C	0.04%
	HII	F	0.04%
	ATR	B	0.04%
	TPR	A	0.04%
	AOS	F	0.04%
	REXR	F	0.04%
	BJ	B	0.04%
	CTLT	D	0.04%
	UNM	B	0.04%
	RRX	B	0.04%
	AVY	F	0.04%
	RPRX	F	0.04%
	CACI	B	0.04%
	NRG	B	0.04%
	CCK	C	0.04%
	FTI	B	0.04%
	SCI	A	0.04%
	LW	C	0.03%
	BPOP	D	0.03%
	MAT	C	0.03%
	OSK	B	0.03%
	FAST	B	0.03%
	IVZ	B	0.03%
	BIO	B	0.03%
	PB	B	0.03%
	OKTA	D	0.03%
	MTG	D	0.03%
	LFUS	C	0.03%
	MSA	D	0.03%
	XP	F	0.03%
	CGNX	C	0.03%
	FAF	D	0.03%
	CFR	B	0.03%
	CRUS	F	0.03%
	RHI	C	0.03%
	ZION	B	0.03%
	LSTR	C	0.03%
	WMS	D	0.03%
	LBRDK	B	0.03%
	FLS	A	0.03%
	SOFI	A	0.03%
	JAZZ	B	0.03%
	AAL	C	0.03%
	SEIC	B	0.03%
	MKSI	D	0.03%
	BFAM	F	0.03%
	GNTX	D	0.03%
	PR	C	0.03%
	VNO	A	0.03%
	G	B	0.03%
	ARW	F	0.03%
	VFC	B	0.03%
	DINO	F	0.03%
	FICO	B	0.03%
	CROX	F	0.03%
	WTFC	B	0.03%
	STAG	D	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	CBSH	A	0.03%
	RGEN	F	0.03%
	SAIC	B	0.03%
	ELAN	D	0.03%
	RRC	C	0.03%
	FR	D	0.03%
	MNST	B	0.03%
	SSD	C	0.03%
	WCC	B	0.03%
	MOH	F	0.03%
	MIDD	C	0.03%
	HLI	B	0.03%
	CRBG	C	0.03%
	PNFP	B	0.03%
	ADC	B	0.03%
	EXAS	F	0.03%
	APG	B	0.03%
	ONTO	F	0.03%
	JEF	B	0.03%
	DTM	A	0.03%
	LECO	C	0.03%
	WEX	F	0.03%
	AGNC	D	0.03%
	MTZ	A	0.03%
	BERY	C	0.03%
	CR	A	0.03%
	RL	B	0.03%
	SWN	C	0.03%
	X	C	0.03%
	ALGN	F	0.03%
	BWXT	B	0.03%
	BRBR	A	0.03%
	KBR	A	0.03%
	COKE	D	0.03%
	SHW	B	0.03%
	CMA	B	0.03%
	WBS	B	0.03%
	AXTA	A	0.03%
	FCN	F	0.03%
	GMED	B	0.03%
	SKX	F	0.03%
	CHE	F	0.03%
	ROKU	C	0.03%
	COLD	F	0.03%
	VOYA	B	0.03%
	BWA	D	0.03%
	CHRD	F	0.03%
	ADP	A	0.03%
	GWRE	B	0.03%
	FMC	D	0.03%
	OGE	A	0.03%
	ATI	D	0.03%
	WAT	B	0.03%
	FND	F	0.03%
	AR	C	0.03%
	MHK	D	0.03%
	BRX	A	0.03%
	ALSN	A	0.03%
	TKO	D	0.03%
	PTC	B	0.03%
	ALLY	C	0.03%
	KNX	B	0.03%
	AYI	A	0.03%
	FHN	B	0.03%
	RBC	A	0.03%
	WST	C	0.03%
	MOS	C	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	TW	B	0.03%
	LAMR	C	0.03%
	FYBR	C	0.03%
	ORI	B	0.03%
	GPK	C	0.03%
	NNN	D	0.03%
	JLL	C	0.03%
	AWI	A	0.02%
	MSM	C	0.02%
	CLF	D	0.02%
	GFS	C	0.02%
	HUN	F	0.02%
	RH	B	0.02%
	IAC	C	0.02%
	BILL	B	0.02%
	AGO	B	0.02%
	AMP	B	0.02%
	PII	F	0.02%
	DBX	C	0.02%
	WTM	B	0.02%
	LITE	B	0.02%
	SITE	C	0.02%
	SLGN	B	0.02%
	M	C	0.02%
	EEFT	C	0.02%
	FLO	F	0.02%
	FRPT	B	0.02%
	ASH	F	0.02%
	UHAL	B	0.02%
	GAP	C	0.02%
	OZK	B	0.02%
	BYD	A	0.02%
	AN	D	0.02%
	CUZ	B	0.02%
	DLB	C	0.02%
	KRC	B	0.02%
	AZO	D	0.02%
	HOG	F	0.02%
	AL	B	0.02%
	RYN	D	0.02%
	PSN	B	0.02%
	AVT	B	0.02%
	GNRC	A	0.02%
	SAIA	C	0.02%
	CPRI	F	0.02%
	OLED	F	0.02%
	DOCS	B	0.02%
	SLM	B	0.02%
	ROIV	C	0.02%
	WSC	C	0.02%
	HXL	D	0.02%
	OGN	F	0.02%
	JHG	A	0.02%
	SEE	C	0.02%
	FNB	B	0.02%
	WLK	F	0.02%
	FOX	B	0.02%
	ORLY	B	0.02%
	W	F	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	VNT	B	0.02%
	OMF	A	0.02%
	UGI	D	0.02%
	THG	A	0.02%
	ST	F	0.02%
	XRAY	F	0.02%
	LNC	B	0.02%
	SON	F	0.02%
	WH	A	0.02%
	MTDR	C	0.02%
	ZG	B	0.02%
	COLB	B	0.02%
	S	B	0.02%
	TKR	F	0.02%
	AMG	C	0.02%
	PVH	C	0.02%
	OLN	F	0.02%
	NFG	C	0.02%
	MDU	F	0.02%
	THO	C	0.02%
	SRCL	A	0.02%
	COIN	B	0.02%
	POST	D	0.02%
	ALK	B	0.02%
	WHR	B	0.02%
	BC	C	0.02%
	H	C	0.02%
	BEN	C	0.02%
	SIRI	D	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	C	0.02%
	DAR	C	0.02%
	OLLI	C	0.02%
	ESAB	B	0.02%
	RLI	A	0.02%
	AGCO	D	0.02%
	R	A	0.02%
	ESI	B	0.02%
	GXO	C	0.02%
	LEA	F	0.02%
	AXS	A	0.02%
	MTSI	B	0.02%
	SNV	B	0.02%
	STWD	D	0.02%
	DASH	A	0.02%
	NOV	D	0.02%
	UA	C	0.01%
	SNDR	A	0.01%
	CERT	D	0.01%
	LYFT	C	0.01%
	TRIP	D	0.01%
	WEN	C	0.01%
	FTRE	D	0.01%
	INFA	D	0.01%
	REYN	F	0.01%
	GO	D	0.01%
	PPC	B	0.01%
	LEG	F	0.01%
	TER	F	0.01%
	LEN	D	0.01%
	PSTG	C	0.01%
	IPGP	C	0.01%
	BIRK	F	0.01%
	SAM	C	0.01%
	UAA	C	0.01%
	VSTS	F	0.01%
	PINC	B	0.01%
	AZEK	B	0.01%
	QS	F	0.01%
	BROS	B	0.01%
	GLOB	B	0.01%
	ADTN	B	0.01%
	LPX	B	0.01%
	HAYW	C	0.01%
	EXP	B	0.01%
	RCM	B	0.01%
	ETSY	D	0.01%
	JWN	C	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	AAP	F	0.01%
	CRI	F	0.01%
	KSS	F	0.01%
	ENOV	C	0.01%
	YETI	F	0.01%
	HHH	B	0.01%
	CNXC	F	0.01%
	VIRT	A	0.01%
	AZTA	F	0.01%
	SPB	C	0.01%
	SHC	C	0.01%
	AGR	C	0.01%
	VAC	B	0.01%
	RKT	D	0.01%
	CWEN	D	0.01%
	BRKR	F	0.01%
	MASI	B	0.01%
	CXT	D	0.01%
	BHF	B	0.01%
	ALGM	F	0.01%
	COLM	C	0.01%
	LOPE	A	0.01%
	CC	C	0.01%
	CNM	D	0.01%
	PENN	C	0.01%
	CLVT	F	0.01%
	PK	C	0.01%
	FHB	B	0.01%
	TNL	A	0.01%
	PAG	C	0.01%
	AMED	C	0.01%
	IRDM	C	0.01%
	CPRT	B	0.01%
	LCID	F	0.01%
	PAYC	B	0.01%
	NXST	C	0.01%
	AM	B	0.01%
	ZI	C	0.01%
	NWL	B	0.01%
	NSA	D	0.01%
	PLNT	B	0.01%
	NWS	B	0.01%
	MAN	F	0.01%
	SPR	F	0.01%
	WU	F	0.01%
	HIW	B	0.01%
	NVST	C	0.01%
	AMKR	F	0.01%
	MPW	D	0.01%
	COTY	F	0.01%
	DNB	B	0.01%
	PRGO	D	0.01%
	MSGS	B	0.01%
	GTES	B	0.01%
	CTAS	A	0.01%
	TPG	B	0.01%
	DXC	C	0.01%
	EPR	D	0.01%
	NEU	D	0.01%
	CIVI	D	0.01%
	SMG	D	0.01%
	KMPR	A	0.01%
	U	D	0.01%
	UHAL	B	0.0%
	SEG	D	0.0%
	UWMC	F	0.0%
	NFE	F	0.0%
	DJT	D	0.0%
	IONS	F	0.0%
	CHH	B	0.0%
	UI	B	0.0%
	PLTK	B	0.0%
	CACC	F	0.0%
	LBRDA	B	0.0%
	TFSL	B	0.0%
	PATH	D	0.0%
	TXG	F	0.0%
	CWEN	D	0.0%
	SEB	F	0.0%
	CAR	D	0.0%
	PYCR	C	0.0%
	LSCC	C	0.0%
	FIVE	F	0.0%
	NCNO	B	0.0%
	HCP	A	0.0%
	AMC	F	0.0%
	DV	D	0.0%
	MTN	D	0.0%
	CNA	D	0.0%
	DDS	C	0.0%
	HAS	D	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 33 Positions Relative to SHE

	Symbol	Grade	Weight
	NVDA	B	-4.91%
	META	B	-4.72%
	AAPL	B	-4.22%
	MSFT	C	-4.21%
	INTU	A	-3.43%
	LLY	D	-2.3%
	NFLX	A	-1.73%
	V	B	-1.62%
	ADSK	A	-1.23%
	COST	B	-1.12%
	MRK	F	-0.92%
	CMG	C	-0.62%
	UBER	F	-0.59%
	HUBS	B	-0.54%
	GDDY	A	-0.44%
	ABNB	D	-0.4%
	LULU	D	-0.32%
	MCO	C	-0.32%
	FLUT	B	-0.28%
	TSCO	C	-0.27%
	WCN	B	-0.2%
	VST	B	-0.19%
	BURL	C	-0.15%
	COR	B	-0.15%
	IDXX	F	-0.14%
	TTD	B	-0.14%
	DECK	B	-0.13%
	LVS	C	-0.1%
	LPLA	A	-0.08%
	CLX	B	-0.08%
	PINS	D	-0.07%
	SNAP	C	-0.06%
	NBIX	C	-0.04%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Software - Application Oil & Gas E&P Asset Management 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 Beverage Dow Jones Component Medicine

SHE: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Banks - Regional - US Oil & Gas E&P Specialty Chemicals Specialty Retail Biotechnology Business Services Capital Markets Drug Manufacturers - Major Household & Personal Products REIT - Residential Aerospace & Defense Apparel Stores Banks - Global Credit Services Diagnostics & Research Discount Stores Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Dow Jones Component Banking Electricity Bank Chemical Insurance Computing Real Estate Investment Trust Electronics Aerospace Investment Bank Mining Mobile Devices Telecommunications Cash Management Acid Disability