VONV vs. SPDG ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

$85.07

Average Daily Volume

369,856

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.07

Average Daily Volume

1,508

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	VONV	SPDG
30 Days	1.07%	-0.79%
60 Days	4.70%	3.10%
90 Days	6.89%	6.46%
12 Months	28.25%	29.36%

206 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in SPDG	Overlap
	ABBV	F	0.79%	1.29%	0.79%
	ABT	C	0.78%	0.81%	0.78%
	ACN	B	0.88%	2.6%	0.88%
	ADC	A	0.03%	0.08%	0.03%
	ADI	D	0.45%	1.3%	0.45%
	ADP	A	0.03%	0.51%	0.03%
	AEP	D	0.21%	0.26%	0.21%
	ALLE	D	0.05%	0.05%	0.05%
	ALLY	C	0.03%	0.11%	0.03%
	AMCR	D	0.06%	0.13%	0.06%
	AMGN	F	0.15%	0.68%	0.15%
	AOS	F	0.04%	0.04%	0.04%
	APD	B	0.26%	0.55%	0.26%
	ASH	F	0.02%	0.03%	0.02%
	AVT	C	0.02%	0.06%	0.02%
	AVY	F	0.04%	0.15%	0.04%
	BAX	F	0.08%	0.07%	0.07%
	BBY	C	0.09%	0.19%	0.09%
	BDX	F	0.28%	0.28%	0.28%
	BEN	C	0.02%	0.07%	0.02%
	BK	B	0.21%	0.57%	0.21%
	BMY	B	0.42%	0.48%	0.42%
	BR	A	0.01%	0.11%	0.01%
	BXP	D	0.05%	0.12%	0.05%
	C	B	0.47%	1.38%	0.47%
	CAG	F	0.06%	0.07%	0.06%
	CAH	B	0.04%	0.12%	0.04%
	CAT	B	0.65%	0.82%	0.65%
	CC	C	0.01%	0.03%	0.01%
	CCI	F	0.2%	0.52%	0.2%
	CE	F	0.04%	0.07%	0.04%
	CF	B	0.06%	0.13%	0.06%
	CFG	B	0.07%	0.22%	0.07%
	CFR	B	0.03%	0.08%	0.03%
	CHRW	A	0.05%	0.06%	0.05%
	CI	D	0.35%	0.43%	0.35%
	CINF	A	0.08%	0.24%	0.08%
	CMA	A	0.03%	0.09%	0.03%
	CMI	A	0.17%	0.2%	0.17%
	COLB	A	0.02%	0.06%	0.02%
	CPB	F	0.04%	0.04%	0.04%
	CSCO	A	0.85%	2.67%	0.85%
	CUBE	D	0.05%	0.13%	0.05%
	CVS	F	0.31%	0.31%	0.31%
	CVX	A	1.0%	0.89%	0.89%
	DCI	A	0.04%	0.04%	0.04%
	DE	D	0.42%	0.43%	0.42%
	DGX	B	0.07%	0.07%	0.07%
	DKS	D	0.04%	0.12%	0.04%
	DLB	D	0.02%	0.06%	0.02%
	DOV	A	0.1%	0.12%	0.1%
	DTM	A	0.03%	0.03%	0.03%
	DUK	D	0.35%	0.42%	0.35%
	EIX	C	0.13%	0.16%	0.13%
	EMN	D	0.05%	0.1%	0.05%
	EMR	A	0.25%	0.32%	0.25%
	EQR	C	0.11%	0.27%	0.11%
	ES	D	0.09%	0.11%	0.09%
	ETN	B	0.52%	0.6%	0.52%
	ETR	B	0.11%	0.15%	0.11%
	EVRG	A	0.05%	0.07%	0.05%
	EXC	C	0.16%	0.19%	0.16%
	FAF	C	0.03%	0.07%	0.03%
	FAST	B	0.03%	0.19%	0.03%
	FDX	B	0.25%	0.28%	0.25%
	FE	D	0.1%	0.11%	0.1%
	FHB	B	0.01%	0.04%	0.01%
	FHN	A	0.03%	0.1%	0.03%
	FITB	A	0.12%	0.33%	0.12%
	FLO	F	0.02%	0.02%	0.02%
	FLS	B	0.03%	0.03%	0.03%
	FMC	F	0.03%	0.06%	0.03%
	FNB	B	0.02%	0.06%	0.02%
	FNF	C	0.06%	0.17%	0.06%
	FRT	B	0.04%	0.09%	0.04%
	GD	C	0.33%	0.34%	0.33%
	GILD	B	0.41%	0.46%	0.41%
	GIS	F	0.16%	0.19%	0.16%
	GLW	B	0.14%	0.43%	0.14%
	GPC	D	0.08%	0.21%	0.08%
	GPK	D	0.03%	0.07%	0.03%
	GRMN	A	0.11%	0.35%	0.11%
	GS	B	0.45%	1.86%	0.45%
	HAS	D	0.0%	0.09%	0.0%
	HBAN	A	0.08%	0.26%	0.08%
	HD	B	0.32%	4.02%	0.32%
	HII	F	0.04%	0.04%	0.04%
	HIW	D	0.01%	0.04%	0.01%
	HON	B	0.45%	0.65%	0.45%
	HPE	B	0.11%	0.35%	0.11%
	HPQ	B	0.11%	0.42%	0.11%
	HRB	D	0.03%	0.09%	0.03%
	HRL	F	0.04%	0.04%	0.04%
	HUBB	C	0.09%	0.1%	0.09%
	IBM	D	0.8%	2.33%	0.8%
	INGR	B	0.04%	0.04%	0.04%
	IPG	F	0.05%	0.45%	0.05%
	ITW	B	0.19%	0.32%	0.19%
	JEF	B	0.03%	0.12%	0.03%
	JHG	A	0.02%	0.06%	0.02%
	JNJ	D	1.55%	1.5%	1.5%
	JNPR	D	0.05%	0.15%	0.05%
	K	A	0.08%	0.11%	0.08%
	KEY	B	0.06%	0.18%	0.06%
	KMB	D	0.11%	0.23%	0.11%
	KMI	B	0.17%	0.17%	0.17%
	KO	F	0.47%	1.28%	0.47%
	KRC	C	0.02%	0.04%	0.02%
	KVUE	A	0.18%	0.22%	0.18%
	LDOS	C	0.09%	0.11%	0.09%
	LECO	C	0.03%	0.05%	0.03%
	LHX	B	0.18%	0.2%	0.18%
	LMT	D	0.34%	0.54%	0.34%
	LNC	B	0.02%	0.06%	0.02%
	LOW	B	0.61%	1.54%	0.61%
	LYB	F	0.1%	0.2%	0.1%
	MAA	C	0.07%	0.21%	0.07%
	MAN	F	0.01%	0.01%	0.01%
	MAS	D	0.07%	0.07%	0.07%
	MCD	C	0.81%	2.16%	0.81%
	MCHP	F	0.17%	0.45%	0.17%
	MDT	D	0.46%	0.46%	0.46%
	MET	C	0.19%	0.5%	0.19%
	MO	A	0.35%	0.46%	0.35%
	MS	A	0.45%	1.52%	0.45%
	MSM	C	0.02%	0.02%	0.02%
	MTB	A	0.12%	0.34%	0.12%
	NEU	C	0.01%	0.03%	0.01%
	NFG	D	0.02%	0.03%	0.02%
	NNN	F	0.03%	0.09%	0.03%
	NOC	D	0.29%	0.31%	0.29%
	NSA	D	0.01%	0.04%	0.01%
	NSC	B	0.22%	0.26%	0.22%
	NTAP	D	0.06%	0.3%	0.06%
	NTRS	A	0.07%	0.21%	0.07%
	NVT	C	0.05%	0.05%	0.05%
	NXST	C	0.01%	0.2%	0.01%
	O	D	0.22%	0.55%	0.22%
	OC	A	0.06%	0.07%	0.06%
	OGE	B	0.03%	0.04%	0.03%
	OGN	F	0.02%	0.02%	0.02%
	OHI	C	0.04%	0.11%	0.04%
	OKE	A	0.21%	0.21%	0.21%
	ORI	A	0.03%	0.1%	0.03%
	OSK	B	0.03%	0.03%	0.03%
	OZK	B	0.02%	0.05%	0.02%
	PAYX	B	0.11%	0.19%	0.11%
	PB	B	0.03%	0.08%	0.03%
	PEP	D	0.19%	1.09%	0.19%
	PFE	F	0.65%	0.62%	0.62%
	PFG	C	0.08%	0.19%	0.08%
	PH	A	0.32%	0.39%	0.32%
	PII	F	0.02%	0.04%	0.02%
	PKG	B	0.08%	0.17%	0.08%
	PM	B	0.75%	0.86%	0.75%
	PNC	B	0.29%	0.87%	0.29%
	PNW	A	0.04%	0.05%	0.04%
	PPG	F	0.12%	0.25%	0.12%
	PRGO	C	0.01%	0.01%	0.01%
	PRU	B	0.17%	0.46%	0.17%
	PSX	C	0.22%	0.19%	0.19%
	QCOM	F	0.05%	2.18%	0.05%
	R	B	0.02%	0.03%	0.02%
	RF	A	0.08%	0.25%	0.08%
	RHI	B	0.03%	0.03%	0.03%
	ROK	B	0.11%	0.14%	0.11%
	RPM	A	0.05%	0.14%	0.05%
	RSG	B	0.16%	0.18%	0.16%
	SBUX	B	0.1%	1.12%	0.1%
	SEE	C	0.02%	0.04%	0.02%
	SJM	F	0.05%	0.06%	0.05%
	SLGN	B	0.02%	0.04%	0.02%
	SMG	D	0.01%	0.02%	0.01%
	SNA	A	0.06%	0.07%	0.06%
	SNV	B	0.02%	0.08%	0.02%
	SO	D	0.39%	0.46%	0.39%
	SON	F	0.02%	0.04%	0.02%
	STT	B	0.11%	0.29%	0.11%
	STWD	C	0.02%	0.07%	0.02%
	SWK	F	0.07%	0.06%	0.06%
	SWKS	F	0.06%	0.17%	0.06%
	SYY	D	0.06%	0.2%	0.06%
	TFC	B	0.23%	0.65%	0.23%
	TGT	C	0.29%	0.37%	0.29%
	TKR	F	0.02%	0.02%	0.02%
	TROW	A	0.09%	0.27%	0.09%
	TSN	B	0.07%	0.09%	0.07%
	TTC	F	0.04%	0.04%	0.04%
	TXN	B	0.65%	2.3%	0.65%
	UDR	C	0.06%	0.15%	0.06%
	UGI	D	0.02%	0.03%	0.02%
	UNH	B	1.98%	2.43%	1.98%
	UNM	A	0.04%	0.12%	0.04%
	UNP	D	0.31%	0.67%	0.31%
	UPS	C	0.39%	0.4%	0.39%
	USB	B	0.28%	0.79%	0.28%
	VLO	C	0.17%	0.16%	0.16%
	VZ	D	0.75%	7.13%	0.75%
	WBS	A	0.03%	0.1%	0.03%
	WEC	B	0.12%	0.15%	0.12%
	WHR	B	0.02%	0.06%	0.02%
	WSO	B	0.07%	0.09%	0.07%
	WU	F	0.01%	0.04%	0.01%
	XOM	B	2.08%	1.82%	1.82%
	XRAY	F	0.02%	0.01%	0.01%
	ZION	B	0.03%	0.08%	0.03%

VONV Overweight 638 Positions Relative to SPDG

	Symbol	Grade	Weight
	BRK.A	B	3.33%
	JPM	A	2.39%
	WMT	A	1.39%
	PG	C	1.26%
	BAC	A	1.07%
	TMO	F	0.93%
	LIN	D	0.91%
	WFC	A	0.78%
	DHR	F	0.71%
	DIS	B	0.7%
	NEE	D	0.69%
	RTX	D	0.64%
	GE	D	0.64%
	SPGI	C	0.64%
	CMCSA	B	0.63%
	T	A	0.62%
	BLK	A	0.55%
	BSX	A	0.49%
	COP	C	0.49%
	CB	C	0.46%
	PLD	D	0.46%
	MU	D	0.45%
	TMUS	A	0.4%
	INTC	C	0.4%
	REGN	F	0.4%
	ELV	F	0.4%
	MDLZ	F	0.39%
	MMC	D	0.38%
	AXP	B	0.38%
	AMD	F	0.36%
	ICE	C	0.36%
	SYK	A	0.36%
	SCHW	B	0.34%
	PYPL	A	0.32%
	WELL	B	0.31%
	CME	B	0.31%
	EQIX	B	0.31%
	BA	F	0.29%
	FI	A	0.28%
	EOG	A	0.28%
	FCX	F	0.28%
	CSX	B	0.27%
	AON	B	0.27%
	CEG	D	0.27%
	GEV	B	0.27%
	TDG	D	0.25%
	AFL	C	0.25%
	KKR	B	0.25%
	ROP	A	0.24%
	SLB	C	0.24%
	VRTX	B	0.24%
	MMM	C	0.24%
	NEM	F	0.24%
	MAR	A	0.23%
	MPC	D	0.23%
	HCA	D	0.23%
	TT	B	0.23%
	TJX	A	0.22%
	CARR	C	0.22%
	WMB	B	0.22%
	AJG	A	0.22%
	DHI	D	0.22%
	COF	B	0.22%
	MRVL	B	0.22%
	DLR	C	0.21%
	SRE	B	0.21%
	TRV	B	0.21%
	GM	B	0.2%
	PCAR	B	0.2%
	FIS	B	0.19%
	AIG	B	0.19%
	D	D	0.19%
	PSA	D	0.19%
	PEG	C	0.18%
	LEN	D	0.18%
	OTIS	D	0.17%
	ALL	B	0.17%
	PCG	A	0.17%
	JCI	A	0.17%
	A	F	0.17%
	CNC	F	0.16%
	IR	A	0.16%
	AME	A	0.16%
	KDP	C	0.16%
	ACGL	C	0.16%
	NKE	F	0.16%
	SPG	A	0.16%
	URI	B	0.16%
	STZ	D	0.16%
	CTVA	C	0.16%
	F	C	0.16%
	DD	D	0.15%
	GEHC	D	0.15%
	EXR	D	0.15%
	IQV	F	0.15%
	CL	F	0.15%
	KR	A	0.15%
	CBRE	B	0.15%
	ROST	D	0.15%
	HWM	B	0.15%
	HUM	D	0.15%
	EA	A	0.15%
	CTSH	A	0.15%
	DOW	F	0.15%
	MSI	B	0.15%
	CRM	B	0.15%
	OXY	F	0.14%
	HIG	C	0.14%
	VICI	D	0.14%
	DFS	B	0.14%
	ED	D	0.14%
	NUE	D	0.14%
	BKR	B	0.14%
	XEL	A	0.14%
	MCK	B	0.14%
	MTD	F	0.13%
	WAB	B	0.13%
	EW	F	0.13%
	AVB	B	0.13%
	APH	B	0.13%
	FANG	C	0.13%
	XYL	F	0.13%
	DAL	A	0.13%
	EBAY	C	0.13%
	PHM	D	0.12%
	PWR	B	0.12%
	NDAQ	B	0.12%
	WTW	A	0.12%
	CHTR	B	0.12%
	CSGP	F	0.12%
	ON	F	0.12%
	MLM	B	0.12%
	KHC	F	0.12%
	DTE	D	0.11%
	FSLR	F	0.11%
	IFF	F	0.11%
	DELL	C	0.11%
	RCL	A	0.11%
	HLT	A	0.11%
	KEYS	C	0.11%
	FTV	C	0.11%
	ANSS	B	0.11%
	NVR	D	0.11%
	BIIB	F	0.11%
	ADM	F	0.11%
	AWK	D	0.11%
	EFX	F	0.11%
	HSY	F	0.1%
	YUM	B	0.1%
	PPL	A	0.1%
	VMC	B	0.1%
	DVN	F	0.1%
	WY	F	0.1%
	MSTR	B	0.1%
	SW	B	0.1%
	CHD	A	0.1%
	HAL	C	0.1%
	RMD	C	0.1%
	SBAC	D	0.1%
	VTR	C	0.1%
	GPN	B	0.1%
	TTWO	A	0.1%
	SQ	B	0.09%
	INVH	D	0.09%
	MRNA	F	0.09%
	CBOE	D	0.09%
	FCNCA	B	0.09%
	ZBH	C	0.09%
	WDC	D	0.09%
	RJF	A	0.09%
	PGR	A	0.09%
	AEE	B	0.09%
	STE	D	0.09%
	TRU	D	0.08%
	APTV	F	0.08%
	SYF	B	0.08%
	OMC	A	0.08%
	WBD	B	0.08%
	LNG	B	0.08%
	TDY	B	0.08%
	EQT	B	0.08%
	ARE	F	0.08%
	MKC	D	0.08%
	ILMN	C	0.08%
	BALL	D	0.08%
	ATO	B	0.08%
	CMS	D	0.08%
	BLDR	C	0.08%
	APO	B	0.07%
	TXT	D	0.07%
	RS	C	0.07%
	WRB	B	0.07%
	SUI	F	0.07%
	IP	B	0.07%
	AVTR	F	0.07%
	LUV	B	0.07%
	CTRA	B	0.07%
	CSL	B	0.07%
	ZM	B	0.07%
	CCL	B	0.07%
	DG	F	0.07%
	HOLX	D	0.07%
	CNP	B	0.07%
	UAL	A	0.07%
	STLD	C	0.07%
	LH	B	0.07%
	MSCI	B	0.07%
	ESS	C	0.07%
	RNR	D	0.06%
	ACM	B	0.06%
	JBHT	C	0.06%
	USFD	B	0.06%
	EG	D	0.06%
	L	A	0.06%
	DLTR	F	0.06%
	AES	F	0.06%
	RGA	A	0.06%
	GGG	B	0.06%
	EL	F	0.06%
	IBKR	A	0.06%
	RBA	B	0.06%
	IRM	D	0.06%
	MRO	B	0.06%
	ZBRA	B	0.06%
	NDSN	B	0.06%
	GEN	B	0.06%
	VRSN	C	0.06%
	CDW	F	0.06%
	TRMB	B	0.06%
	VLTO	D	0.06%
	AKAM	F	0.06%
	KIM	A	0.06%
	MKL	A	0.06%
	EXPD	C	0.06%
	HOOD	B	0.06%
	NI	A	0.06%
	LNT	C	0.06%
	ZTS	D	0.06%
	UTHR	B	0.06%
	TOL	B	0.06%
	RVTY	C	0.06%
	THC	B	0.06%
	DOC	C	0.06%
	SSNC	C	0.06%
	PNR	A	0.06%
	IEX	B	0.06%
	J	D	0.06%
	EWBC	B	0.05%
	CASY	B	0.05%
	TFX	F	0.05%
	COHR	C	0.05%
	BLD	F	0.05%
	EME	B	0.05%
	JBL	C	0.05%
	CLH	B	0.05%
	CVNA	B	0.05%
	HST	D	0.05%
	ITT	A	0.05%
	TECH	D	0.05%
	CW	C	0.05%
	CPT	C	0.05%
	JKHY	C	0.05%
	FFIV	B	0.05%
	AMH	C	0.05%
	ELS	B	0.05%
	UHS	D	0.05%
	BMRN	F	0.05%
	REG	A	0.05%
	HES	B	0.05%
	GLPI	D	0.05%
	WPC	F	0.05%
	BG	D	0.05%
	AMAT	F	0.05%
	VTRS	B	0.05%
	BRO	B	0.05%
	CIEN	B	0.04%
	APA	F	0.04%
	NYT	C	0.04%
	EGP	D	0.04%
	CZR	F	0.04%
	FTNT	B	0.04%
	MGM	D	0.04%
	SNX	C	0.04%
	WYNN	C	0.04%
	EVR	B	0.04%
	PRI	B	0.04%
	RGLD	C	0.04%
	RIVN	F	0.04%
	DRI	B	0.04%
	WAL	B	0.04%
	HSIC	F	0.04%
	GL	B	0.04%
	SF	A	0.04%
	AFRM	B	0.04%
	CG	B	0.04%
	MKTX	C	0.04%
	EHC	B	0.04%
	SOLV	C	0.04%
	AA	C	0.04%
	MTCH	F	0.04%
	FOXA	A	0.04%
	AFG	A	0.04%
	CNH	D	0.04%
	WTRG	C	0.04%
	QRVO	F	0.04%
	DPZ	C	0.04%
	INCY	B	0.04%
	TTEK	F	0.04%
	DOX	C	0.04%
	OVV	C	0.04%
	NWSA	B	0.04%
	CRL	C	0.04%
	TAP	B	0.04%
	QGEN	D	0.04%
	ARMK	B	0.04%
	WWD	B	0.04%
	PFGC	B	0.04%
	NTNX	B	0.04%
	AIZ	A	0.04%
	LKQ	C	0.04%
	EPAM	B	0.04%
	ATR	A	0.04%
	TPR	A	0.04%
	REXR	F	0.04%
	BJ	B	0.04%
	FBIN	F	0.04%
	CTLT	D	0.04%
	RRX	B	0.04%
	RPRX	F	0.04%
	ALB	C	0.04%
	CACI	C	0.04%
	NRG	C	0.04%
	CCK	D	0.04%
	FTI	B	0.04%
	SCI	B	0.04%
	FDS	A	0.04%
	KMX	B	0.04%
	LW	B	0.03%
	BPOP	C	0.03%
	MAT	C	0.03%
	WBA	D	0.03%
	PARA	B	0.03%
	IVZ	B	0.03%
	BIO	C	0.03%
	OKTA	C	0.03%
	MTG	C	0.03%
	LFUS	D	0.03%
	MSA	D	0.03%
	XP	F	0.03%
	CGNX	C	0.03%
	CRUS	F	0.03%
	LSTR	B	0.03%
	WMS	F	0.03%
	LBRDK	C	0.03%
	SOFI	B	0.03%
	JAZZ	B	0.03%
	AAL	B	0.03%
	SEIC	A	0.03%
	MKSI	C	0.03%
	BFAM	F	0.03%
	GNTX	C	0.03%
	PR	C	0.03%
	VNO	C	0.03%
	G	B	0.03%
	ARW	F	0.03%
	VFC	C	0.03%
	DINO	D	0.03%
	FICO	B	0.03%
	CROX	F	0.03%
	WTFC	B	0.03%
	STAG	D	0.03%
	KEX	A	0.03%
	CBSH	A	0.03%
	RGEN	C	0.03%
	SAIC	D	0.03%
	BBWI	C	0.03%
	ELAN	C	0.03%
	RRC	B	0.03%
	FR	D	0.03%
	MNST	B	0.03%
	SSD	F	0.03%
	WCC	B	0.03%
	MOH	F	0.03%
	MIDD	D	0.03%
	HLI	B	0.03%
	CRBG	C	0.03%
	PNFP	B	0.03%
	EXAS	F	0.03%
	APG	C	0.03%
	ONTO	F	0.03%
	Z	B	0.03%
	WEX	D	0.03%
	AGNC	C	0.03%
	MTZ	B	0.03%
	ACI	C	0.03%
	BERY	D	0.03%
	CR	B	0.03%
	RL	B	0.03%
	SWN	C	0.03%
	X	D	0.03%
	ALGN	D	0.03%
	BWXT	B	0.03%
	BRBR	A	0.03%
	KBR	D	0.03%
	COKE	C	0.03%
	SHW	A	0.03%
	AXTA	A	0.03%
	FCN	F	0.03%
	GMED	B	0.03%
	SKX	F	0.03%
	CHE	D	0.03%
	ROKU	C	0.03%
	COLD	F	0.03%
	VOYA	B	0.03%
	WSM	F	0.03%
	BWA	B	0.03%
	CHRD	D	0.03%
	DAY	B	0.03%
	GWRE	A	0.03%
	ATI	F	0.03%
	WAT	B	0.03%
	FND	F	0.03%
	AR	B	0.03%
	MHK	D	0.03%
	BRX	A	0.03%
	ECL	C	0.03%
	ALSN	B	0.03%
	TKO	D	0.03%
	PTC	B	0.03%
	KNX	C	0.03%
	AYI	A	0.03%
	RBC	B	0.03%
	WST	B	0.03%
	MOS	D	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	TW	B	0.03%
	LAMR	D	0.03%
	FYBR	D	0.03%
	BKNG	A	0.03%
	JLL	C	0.03%
	TWLO	B	0.03%
	AWI	B	0.02%
	CLF	F	0.02%
	ALNY	D	0.02%
	GFS	C	0.02%
	HUN	F	0.02%
	RH	C	0.02%
	IAC	F	0.02%
	BILL	B	0.02%
	AGO	B	0.02%
	AMP	A	0.02%
	DBX	B	0.02%
	WTM	A	0.02%
	LITE	B	0.02%
	SITE	D	0.02%
	M	C	0.02%
	EEFT	C	0.02%
	FRPT	B	0.02%
	UHAL	D	0.02%
	GAP	B	0.02%
	BYD	A	0.02%
	AN	C	0.02%
	CUZ	B	0.02%
	AZO	B	0.02%
	HOG	D	0.02%
	AL	B	0.02%
	RYN	F	0.02%
	PSN	C	0.02%
	GNRC	B	0.02%
	SAIA	B	0.02%
	CPRI	F	0.02%
	OLED	F	0.02%
	DOCS	B	0.02%
	SLM	A	0.02%
	ROIV	D	0.02%
	WSC	F	0.02%
	HXL	F	0.02%
	WLK	F	0.02%
	FOX	A	0.02%
	ORLY	A	0.02%
	W	F	0.02%
	KD	A	0.02%
	IDA	A	0.02%
	VNT	C	0.02%
	OMF	A	0.02%
	THG	A	0.02%
	ST	F	0.02%
	WH	A	0.02%
	MTDR	B	0.02%
	ZG	B	0.02%
	S	B	0.02%
	AMG	B	0.02%
	PVH	C	0.02%
	OLN	F	0.02%
	MDU	D	0.02%
	THO	B	0.02%
	SRCL	B	0.02%
	COIN	B	0.02%
	POST	D	0.02%
	ALK	A	0.02%
	BC	D	0.02%
	H	B	0.02%
	SIRI	C	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	C	0.02%
	DAR	B	0.02%
	OLLI	C	0.02%
	GWW	B	0.02%
	ESAB	B	0.02%
	RLI	A	0.02%
	AGCO	F	0.02%
	ESI	B	0.02%
	GXO	B	0.02%
	LEA	F	0.02%
	AXS	A	0.02%
	MTSI	B	0.02%
	DASH	A	0.02%
	NOV	C	0.02%
	UA	B	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	LYFT	B	0.01%
	TRIP	D	0.01%
	WEN	C	0.01%
	FTRE	D	0.01%
	INFA	F	0.01%
	REYN	D	0.01%
	GO	C	0.01%
	PPC	C	0.01%
	LEG	F	0.01%
	TER	F	0.01%
	LEN	D	0.01%
	PSTG	D	0.01%
	IPGP	C	0.01%
	BIRK	F	0.01%
	SAM	B	0.01%
	UAA	B	0.01%
	VSTS	D	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	A	0.01%
	HAYW	B	0.01%
	EXP	B	0.01%
	RCM	B	0.01%
	ETSY	D	0.01%
	JWN	B	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	AAP	C	0.01%
	CRI	D	0.01%
	KSS	D	0.01%
	ENOV	C	0.01%
	YETI	D	0.01%
	HHH	B	0.01%
	CNXC	F	0.01%
	VIRT	B	0.01%
	AZTA	F	0.01%
	SPB	A	0.01%
	ULTA	C	0.01%
	SHC	D	0.01%
	AGR	C	0.01%
	VAC	B	0.01%
	RKT	F	0.01%
	CWEN	D	0.01%
	BRKR	F	0.01%
	MASI	B	0.01%
	CXT	F	0.01%
	BHF	B	0.01%
	ALGM	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	CNM	D	0.01%
	PENN	B	0.01%
	CLVT	F	0.01%
	PK	C	0.01%
	TNL	A	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	IRDM	B	0.01%
	CPRT	A	0.01%
	LCID	F	0.01%
	PAYC	B	0.01%
	AM	B	0.01%
	ZI	C	0.01%
	NWL	B	0.01%
	PLNT	A	0.01%
	NWS	B	0.01%
	SPR	F	0.01%
	NVST	C	0.01%
	AMKR	F	0.01%
	MPW	F	0.01%
	COTY	D	0.01%
	DNB	B	0.01%
	MSGS	B	0.01%
	GTES	B	0.01%
	CTAS	B	0.01%
	TPG	B	0.01%
	DXC	B	0.01%
	EPR	D	0.01%
	CIVI	D	0.01%
	KMPR	A	0.01%
	TYL	B	0.01%
	U	F	0.01%
	UHAL	D	0.0%
	SEG	F	0.0%
	UWMC	F	0.0%
	NFE	F	0.0%
	DJT	C	0.0%
	IONS	F	0.0%
	CHH	B	0.0%
	UI	B	0.0%
	PLTK	B	0.0%
	CACC	D	0.0%
	LBRDA	C	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	TXG	F	0.0%
	CWEN	D	0.0%
	SEB	F	0.0%
	CAR	C	0.0%
	PYCR	B	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	NCNO	B	0.0%
	HCP	A	0.0%
	AMC	C	0.0%
	DV	C	0.0%
	MTN	C	0.0%
	CNA	C	0.0%
	DDS	B	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 64 Positions Relative to SPDG

	Symbol	Grade	Weight
	AVGO	C	-9.79%
	ORCL	A	-3.51%
	MRK	F	-1.1%
	WM	A	-0.35%
	TSCO	D	-0.31%
	STX	D	-0.26%
	CCOI	C	-0.12%
	CLX	A	-0.1%
	GBCI	B	-0.07%
	CADE	B	-0.07%
	ONB	B	-0.07%
	RDN	C	-0.06%
	UBSI	B	-0.06%
	CTRE	C	-0.05%
	CBT	C	-0.05%
	IDCC	B	-0.05%
	CDP	C	-0.04%
	CATY	B	-0.04%
	CBU	B	-0.04%
	AVNT	B	-0.04%
	ASB	B	-0.04%
	AUB	A	-0.04%
	FULT	B	-0.04%
	UCB	B	-0.04%
	VLY	B	-0.04%
	CVBF	B	-0.03%
	LCII	D	-0.03%
	FCPT	C	-0.03%
	SXT	B	-0.03%
	FFBC	B	-0.03%
	SFNC	B	-0.03%
	FHI	A	-0.03%
	ABR	B	-0.03%
	INDB	B	-0.03%
	BOH	B	-0.03%
	BKU	A	-0.03%
	WAFD	B	-0.03%
	HASI	F	-0.03%
	NWE	C	-0.02%
	KFY	B	-0.02%
	ALE	A	-0.02%
	OGS	B	-0.02%
	SR	C	-0.02%
	PZZA	D	-0.02%
	TRMK	B	-0.02%
	SWX	B	-0.02%
	BKH	A	-0.02%
	POR	D	-0.02%
	GATX	B	-0.02%
	VSH	F	-0.02%
	MMS	F	-0.02%
	BANR	B	-0.02%
	PDCO	F	-0.01%
	HI	C	-0.01%
	KMT	B	-0.01%
	B	A	-0.01%
	ENR	A	-0.01%
	WERN	B	-0.01%
	TRN	B	-0.01%
	NAVI	D	-0.01%
	NSP	F	-0.01%
	AVA	C	-0.01%
	ABM	B	-0.01%
	BRC	B	-0.01%

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

SPDG: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Asset Management Packaged Foods Specialty Chemicals Drug Manufacturers - Major Semiconductors Packaging & Containers Tools & Accessories Utilities - Diversified Business Services Insurance - Life Aerospace & Defense Chemicals Communication Equipment Electronic Components REIT - Diversified REIT - Office REIT - Retail

Keywords: S&P 500 Bank Banking Natural Gas Deposit Products Chemical Commercial Banking Mining Electricity Insurance Nasdaq 100 Real Estate Investment Trust Real Estate Loans Investment Bank Investment Management Beverage Cash Management Dow Jones Component Electronics Financial Products