VONV vs. UDIV ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

$84.86

Average Daily Volume

365,893

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$45.98

Average Daily Volume

4,718

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	VONV	UDIV
30 Days	-0.16%	0.97%
60 Days	2.98%	4.16%
90 Days	5.74%	6.14%
12 Months	27.18%	33.81%

222 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in UDIV	Overlap
	ABBV	F	0.79%	0.97%	0.79%
	ABT	A	0.78%	0.48%	0.48%
	ACN	C	0.88%	0.45%	0.45%
	ADI	D	0.45%	0.52%	0.45%
	ADP	B	0.03%	0.13%	0.03%
	AEE	A	0.09%	0.03%	0.03%
	AEP	C	0.21%	0.29%	0.21%
	AES	F	0.06%	0.06%	0.06%
	AGR	A	0.01%	0.02%	0.01%
	ALL	A	0.17%	0.1%	0.1%
	AMAT	F	0.05%	0.38%	0.05%
	AMCR	D	0.06%	0.09%	0.06%
	AMD	F	0.36%	0.43%	0.36%
	AMGN	D	0.15%	0.62%	0.15%
	APA	F	0.04%	0.06%	0.04%
	APD	A	0.26%	0.18%	0.18%
	APH	B	0.13%	0.05%	0.05%
	APO	A	0.07%	0.4%	0.07%
	ARE	F	0.08%	0.1%	0.08%
	AVB	B	0.13%	0.18%	0.13%
	BAC	A	1.07%	0.65%	0.65%
	BAX	F	0.08%	0.09%	0.08%
	BBY	D	0.09%	0.11%	0.09%
	BEN	C	0.02%	0.04%	0.02%
	BK	B	0.21%	0.33%	0.21%
	BKR	B	0.14%	0.18%	0.14%
	BLK	B	0.55%	0.87%	0.55%
	BMY	A	0.42%	0.69%	0.42%
	BR	B	0.01%	0.11%	0.01%
	BXP	D	0.05%	0.07%	0.05%
	C	B	0.47%	0.82%	0.47%
	CAG	F	0.06%	0.07%	0.06%
	CAH	B	0.04%	0.02%	0.02%
	CAT	C	0.65%	0.1%	0.1%
	CCI	C	0.2%	0.24%	0.2%
	CFG	B	0.07%	0.13%	0.07%
	CG	B	0.04%	0.07%	0.04%
	CINF	A	0.08%	0.14%	0.08%
	CMCSA	B	0.63%	0.36%	0.36%
	CME	A	0.31%	0.46%	0.31%
	CMI	A	0.17%	0.3%	0.17%
	CMS	C	0.08%	0.11%	0.08%
	CNH	C	0.04%	0.06%	0.04%
	COIN	A	0.02%	0.13%	0.02%
	COP	B	0.49%	0.25%	0.25%
	CPB	D	0.04%	0.05%	0.04%
	CPT	C	0.05%	0.07%	0.05%
	CRBG	B	0.03%	0.04%	0.03%
	CRM	B	0.15%	0.51%	0.15%
	CSCO	B	0.85%	0.86%	0.85%
	CTRA	B	0.07%	0.12%	0.07%
	CVS	F	0.31%	0.39%	0.31%
	CVX	A	1.0%	1.12%	1.0%
	D	C	0.19%	0.27%	0.19%
	DASH	A	0.02%	0.11%	0.02%
	DELL	B	0.11%	0.1%	0.1%
	DFS	B	0.14%	0.14%	0.14%
	DG	F	0.07%	0.03%	0.03%
	DIS	B	0.7%	0.13%	0.13%
	DLR	A	0.21%	0.32%	0.21%
	DOC	D	0.06%	0.09%	0.06%
	DOW	F	0.15%	0.19%	0.15%
	DRI	C	0.04%	0.12%	0.04%
	DTE	C	0.11%	0.14%	0.11%
	DUK	C	0.35%	0.49%	0.35%
	DVN	F	0.1%	0.16%	0.1%
	EBAY	D	0.13%	0.13%	0.13%
	ED	C	0.14%	0.19%	0.14%
	EIX	C	0.13%	0.19%	0.13%
	EL	F	0.06%	0.09%	0.06%
	ELS	B	0.05%	0.07%	0.05%
	EMN	D	0.05%	0.07%	0.05%
	EMR	A	0.25%	0.22%	0.22%
	EOG	A	0.28%	0.07%	0.07%
	EQIX	A	0.31%	0.21%	0.21%
	EQR	C	0.11%	0.14%	0.11%
	ES	C	0.09%	0.12%	0.09%
	ESS	A	0.07%	0.11%	0.07%
	ETN	B	0.52%	0.41%	0.41%
	ETR	A	0.11%	0.18%	0.11%
	EVRG	A	0.05%	0.08%	0.05%
	EWBC	A	0.05%	0.09%	0.05%
	EXC	C	0.16%	0.22%	0.16%
	EXR	C	0.15%	0.2%	0.15%
	F	C	0.16%	0.27%	0.16%
	FANG	D	0.13%	0.21%	0.13%
	FAST	B	0.03%	0.27%	0.03%
	FDX	B	0.25%	0.08%	0.08%
	FE	C	0.1%	0.12%	0.1%
	FIS	C	0.19%	0.02%	0.02%
	FITB	B	0.12%	0.19%	0.12%
	FNF	A	0.06%	0.09%	0.06%
	GD	D	0.33%	0.06%	0.06%
	GEN	B	0.06%	0.07%	0.06%
	GILD	C	0.41%	0.63%	0.41%
	GIS	F	0.16%	0.2%	0.16%
	GLW	B	0.14%	0.21%	0.14%
	GPC	F	0.08%	0.11%	0.08%
	GRMN	B	0.11%	0.18%	0.11%
	GS	B	0.45%	0.44%	0.44%
	HBAN	B	0.08%	0.16%	0.08%
	HD	A	0.32%	1.06%	0.32%
	HON	B	0.45%	0.18%	0.18%
	HPE	B	0.11%	0.1%	0.1%
	HPQ	B	0.11%	0.23%	0.11%
	HRL	D	0.04%	0.05%	0.04%
	HST	D	0.05%	0.07%	0.05%
	HUBB	B	0.09%	0.06%	0.06%
	IBM	C	0.8%	0.81%	0.8%
	IFF	D	0.11%	0.13%	0.11%
	INTC	C	0.4%	0.41%	0.4%
	INVH	D	0.09%	0.12%	0.09%
	IP	A	0.07%	0.12%	0.07%
	IPG	F	0.05%	0.06%	0.05%
	IRM	C	0.06%	0.17%	0.06%
	ITW	B	0.19%	0.43%	0.19%
	JCI	B	0.17%	0.23%	0.17%
	JNJ	D	1.55%	1.16%	1.16%
	JNPR	D	0.05%	0.07%	0.05%
	JPM	A	2.39%	1.35%	1.35%
	K	B	0.08%	0.12%	0.08%
	KEY	B	0.06%	0.11%	0.06%
	KHC	F	0.12%	0.16%	0.12%
	KIM	A	0.06%	0.1%	0.06%
	KKR	A	0.25%	0.16%	0.16%
	KMB	C	0.11%	0.26%	0.11%
	KMI	A	0.17%	0.32%	0.17%
	KO	D	0.47%	0.74%	0.47%
	KVUE	A	0.18%	0.23%	0.18%
	LIN	D	0.91%	0.14%	0.14%
	LKQ	F	0.04%	0.06%	0.04%
	LNT	A	0.06%	0.09%	0.06%
	LOW	C	0.61%	0.27%	0.27%
	LUV	B	0.07%	0.11%	0.07%
	LYB	F	0.1%	0.13%	0.1%
	MAA	A	0.07%	0.1%	0.07%
	MCD	D	0.81%	0.23%	0.23%
	MCHP	F	0.17%	0.2%	0.17%
	MDT	D	0.46%	0.56%	0.46%
	MET	A	0.19%	0.11%	0.11%
	MMM	D	0.24%	0.36%	0.24%
	MO	A	0.35%	0.56%	0.35%
	MRVL	B	0.22%	0.12%	0.12%
	MS	A	0.45%	0.94%	0.45%
	MSCI	B	0.07%	0.23%	0.07%
	MTB	A	0.12%	0.22%	0.12%
	MU	D	0.45%	0.2%	0.2%
	NEE	C	0.69%	0.11%	0.11%
	NEM	D	0.24%	0.01%	0.01%
	NI	A	0.06%	0.09%	0.06%
	NKE	F	0.16%	0.13%	0.13%
	NSC	B	0.22%	0.07%	0.07%
	NTAP	C	0.06%	0.14%	0.06%
	NTRS	A	0.07%	0.13%	0.07%
	O	C	0.22%	0.28%	0.22%
	OKE	A	0.21%	0.38%	0.21%
	OKTA	D	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.11%	0.08%
	PAYX	B	0.11%	0.26%	0.11%
	PEG	C	0.18%	0.16%	0.16%
	PEP	F	0.19%	0.57%	0.19%
	PFE	F	0.65%	0.66%	0.65%
	PFG	C	0.08%	0.12%	0.08%
	PG	C	1.26%	0.78%	0.78%
	PKG	B	0.08%	0.12%	0.08%
	PLD	D	0.46%	0.43%	0.43%
	PM	A	0.75%	0.86%	0.75%
	PNC	B	0.29%	0.5%	0.29%
	PPL	A	0.1%	0.14%	0.1%
	PRU	B	0.17%	0.28%	0.17%
	PSA	C	0.19%	0.29%	0.19%
	PSX	C	0.22%	0.22%	0.22%
	QCOM	F	0.05%	0.74%	0.05%
	REG	A	0.05%	0.07%	0.05%
	RF	A	0.08%	0.15%	0.08%
	ROK	B	0.11%	0.2%	0.11%
	RPRX	F	0.04%	0.04%	0.04%
	RTX	D	0.64%	0.18%	0.18%
	SBUX	A	0.1%	0.3%	0.1%
	SIRI	D	0.02%	0.01%	0.01%
	SJM	D	0.05%	0.07%	0.05%
	SLB	C	0.24%	0.06%	0.06%
	SNA	B	0.06%	0.11%	0.06%
	SO	C	0.39%	0.53%	0.39%
	SPG	A	0.16%	0.33%	0.16%
	SQ	A	0.09%	0.04%	0.04%
	STT	B	0.11%	0.18%	0.11%
	SUI	C	0.07%	0.09%	0.07%
	SW	A	0.1%	0.16%	0.1%
	SWK	F	0.07%	0.08%	0.07%
	SWKS	F	0.06%	0.08%	0.06%
	SYK	A	0.36%	0.02%	0.02%
	SYY	D	0.06%	0.17%	0.06%
	T	A	0.62%	0.79%	0.62%
	TAP	B	0.04%	0.05%	0.04%
	TER	F	0.01%	0.02%	0.01%
	TFC	A	0.23%	0.38%	0.23%
	TGT	B	0.29%	0.28%	0.28%
	TROW	B	0.09%	0.16%	0.09%
	TSN	B	0.07%	0.11%	0.07%
	TT	A	0.23%	0.02%	0.02%
	TXN	C	0.65%	0.85%	0.65%
	UDR	C	0.06%	0.08%	0.06%
	UNH	C	1.98%	0.87%	0.87%
	UNP	D	0.31%	0.3%	0.3%
	UPS	C	0.39%	0.57%	0.39%
	USB	B	0.28%	0.47%	0.28%
	VICI	C	0.14%	0.19%	0.14%
	VLO	C	0.17%	0.08%	0.08%
	VTR	B	0.1%	0.14%	0.1%
	VTRS	A	0.05%	0.1%	0.05%
	VZ	C	0.75%	0.77%	0.75%
	WBA	F	0.03%	0.04%	0.03%
	WEC	A	0.12%	0.18%	0.12%
	WELL	A	0.31%	0.12%	0.12%
	WFC	A	0.78%	0.42%	0.42%
	WMB	A	0.22%	0.41%	0.22%
	WMT	A	1.39%	0.03%	0.03%
	WPC	C	0.05%	0.07%	0.05%
	WSO	A	0.07%	0.11%	0.07%
	XEL	A	0.14%	0.21%	0.14%
	XOM	B	2.08%	1.35%	1.35%

VONV Overweight 622 Positions Relative to UDIV

	Symbol	Grade	Weight
	BRK.A	B	3.33%
	TMO	F	0.93%
	DHR	D	0.71%
	GE	D	0.64%
	SPGI	D	0.64%
	BSX	A	0.49%
	CB	C	0.46%
	DE	C	0.42%
	TMUS	B	0.4%
	REGN	F	0.4%
	ELV	F	0.4%
	MDLZ	F	0.39%
	MMC	D	0.38%
	AXP	B	0.38%
	ICE	C	0.36%
	CI	D	0.35%
	LMT	D	0.34%
	SCHW	A	0.34%
	PYPL	B	0.32%
	PH	B	0.32%
	NOC	D	0.29%
	BA	D	0.29%
	BDX	F	0.28%
	FI	A	0.28%
	FCX	F	0.28%
	CSX	C	0.27%
	AON	B	0.27%
	CEG	C	0.27%
	GEV	A	0.27%
	TDG	D	0.25%
	AFL	C	0.25%
	ROP	C	0.24%
	VRTX	D	0.24%
	MAR	B	0.23%
	MPC	D	0.23%
	HCA	F	0.23%
	TJX	A	0.22%
	CARR	D	0.22%
	AJG	B	0.22%
	DHI	D	0.22%
	COF	B	0.22%
	SRE	A	0.21%
	TRV	A	0.21%
	GM	B	0.2%
	PCAR	C	0.2%
	AIG	C	0.19%
	LEN	D	0.18%
	LHX	B	0.18%
	OTIS	C	0.17%
	PCG	A	0.17%
	A	F	0.17%
	CNC	F	0.16%
	IR	B	0.16%
	AME	A	0.16%
	KDP	D	0.16%
	ACGL	D	0.16%
	URI	B	0.16%
	STZ	D	0.16%
	CTVA	C	0.16%
	RSG	A	0.16%
	DD	D	0.15%
	GEHC	D	0.15%
	IQV	F	0.15%
	CL	D	0.15%
	KR	B	0.15%
	CBRE	B	0.15%
	ROST	D	0.15%
	HWM	A	0.15%
	HUM	D	0.15%
	EA	A	0.15%
	CTSH	C	0.15%
	MSI	B	0.15%
	OXY	F	0.14%
	HIG	B	0.14%
	NUE	D	0.14%
	MCK	A	0.14%
	MTD	F	0.13%
	WAB	B	0.13%
	EW	C	0.13%
	XYL	D	0.13%
	DAL	A	0.13%
	PHM	D	0.12%
	PWR	A	0.12%
	NDAQ	A	0.12%
	WTW	B	0.12%
	CHTR	B	0.12%
	CSGP	F	0.12%
	PPG	F	0.12%
	ON	F	0.12%
	MLM	B	0.12%
	FSLR	F	0.11%
	RCL	A	0.11%
	HLT	A	0.11%
	KEYS	C	0.11%
	FTV	D	0.11%
	ANSS	B	0.11%
	NVR	D	0.11%
	BIIB	F	0.11%
	ADM	D	0.11%
	AWK	C	0.11%
	EFX	F	0.11%
	HSY	F	0.1%
	YUM	D	0.1%
	VMC	B	0.1%
	WY	D	0.1%
	MSTR	A	0.1%
	CHD	A	0.1%
	HAL	C	0.1%
	RMD	C	0.1%
	SBAC	D	0.1%
	GPN	C	0.1%
	DOV	B	0.1%
	TTWO	A	0.1%
	MRNA	F	0.09%
	CBOE	C	0.09%
	LDOS	C	0.09%
	FCNCA	A	0.09%
	ZBH	C	0.09%
	WDC	F	0.09%
	RJF	A	0.09%
	PGR	B	0.09%
	STE	D	0.09%
	TRU	D	0.08%
	APTV	F	0.08%
	SYF	B	0.08%
	WBD	B	0.08%
	LNG	A	0.08%
	TDY	B	0.08%
	EQT	A	0.08%
	MKC	D	0.08%
	ILMN	C	0.08%
	BALL	D	0.08%
	ATO	A	0.08%
	BLDR	D	0.08%
	TXT	D	0.07%
	RS	B	0.07%
	WRB	B	0.07%
	DGX	A	0.07%
	AVTR	F	0.07%
	CSL	C	0.07%
	ZM	B	0.07%
	CCL	A	0.07%
	MAS	D	0.07%
	HOLX	D	0.07%
	CNP	A	0.07%
	UAL	A	0.07%
	STLD	B	0.07%
	LH	B	0.07%
	RNR	C	0.06%
	ACM	B	0.06%
	JBHT	C	0.06%
	USFD	A	0.06%
	EG	D	0.06%
	L	A	0.06%
	DLTR	F	0.06%
	RGA	B	0.06%
	GGG	B	0.06%
	IBKR	A	0.06%
	RBA	A	0.06%
	MRO	A	0.06%
	ZBRA	B	0.06%
	NDSN	D	0.06%
	VRSN	F	0.06%
	CDW	F	0.06%
	TRMB	B	0.06%
	VLTO	C	0.06%
	AKAM	F	0.06%
	OC	A	0.06%
	MKL	A	0.06%
	EXPD	D	0.06%
	HOOD	A	0.06%
	CF	A	0.06%
	ZTS	D	0.06%
	UTHR	C	0.06%
	TOL	B	0.06%
	RVTY	D	0.06%
	THC	C	0.06%
	SSNC	C	0.06%
	PNR	B	0.06%
	IEX	B	0.06%
	J	D	0.06%
	CASY	A	0.05%
	NVT	C	0.05%
	TFX	F	0.05%
	COHR	B	0.05%
	BLD	F	0.05%
	RPM	B	0.05%
	CUBE	C	0.05%
	EME	A	0.05%
	JBL	C	0.05%
	CLH	C	0.05%
	CVNA	A	0.05%
	ITT	A	0.05%
	TECH	F	0.05%
	CW	B	0.05%
	ALLE	D	0.05%
	CHRW	B	0.05%
	JKHY	D	0.05%
	FFIV	B	0.05%
	AMH	C	0.05%
	UHS	D	0.05%
	BMRN	F	0.05%
	HES	B	0.05%
	GLPI	C	0.05%
	BG	D	0.05%
	BRO	B	0.05%
	DCI	B	0.04%
	CIEN	B	0.04%
	NYT	D	0.04%
	EGP	D	0.04%
	CZR	F	0.04%
	FTNT	B	0.04%
	INGR	B	0.04%
	TTC	F	0.04%
	MGM	D	0.04%
	SNX	D	0.04%
	WYNN	D	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	RIVN	F	0.04%
	WAL	B	0.04%
	HSIC	C	0.04%
	GL	C	0.04%
	SF	B	0.04%
	FRT	B	0.04%
	AFRM	A	0.04%
	MKTX	D	0.04%
	EHC	B	0.04%
	SOLV	F	0.04%
	AA	A	0.04%
	MTCH	F	0.04%
	FOXA	B	0.04%
	AFG	A	0.04%
	WTRG	B	0.04%
	QRVO	F	0.04%
	DPZ	C	0.04%
	INCY	C	0.04%
	TTEK	F	0.04%
	DOX	D	0.04%
	OHI	B	0.04%
	OVV	C	0.04%
	PNW	B	0.04%
	NWSA	B	0.04%
	CRL	D	0.04%
	QGEN	F	0.04%
	ARMK	C	0.04%
	WWD	B	0.04%
	PFGC	B	0.04%
	NTNX	B	0.04%
	AIZ	A	0.04%
	EPAM	C	0.04%
	HII	F	0.04%
	ATR	B	0.04%
	DKS	D	0.04%
	TPR	B	0.04%
	AOS	F	0.04%
	REXR	F	0.04%
	BJ	B	0.04%
	CE	F	0.04%
	FBIN	F	0.04%
	CTLT	D	0.04%
	UNM	A	0.04%
	RRX	B	0.04%
	AVY	D	0.04%
	ALB	B	0.04%
	CACI	C	0.04%
	NRG	B	0.04%
	CCK	D	0.04%
	FTI	A	0.04%
	SCI	A	0.04%
	FDS	B	0.04%
	KMX	C	0.04%
	LW	C	0.03%
	BPOP	C	0.03%
	MAT	D	0.03%
	OSK	C	0.03%
	PARA	D	0.03%
	IVZ	C	0.03%
	BIO	C	0.03%
	PB	A	0.03%
	MTG	D	0.03%
	LFUS	D	0.03%
	MSA	D	0.03%
	XP	F	0.03%
	CGNX	D	0.03%
	FAF	C	0.03%
	CFR	B	0.03%
	CRUS	F	0.03%
	RHI	C	0.03%
	ZION	B	0.03%
	LSTR	D	0.03%
	WMS	F	0.03%
	LBRDK	C	0.03%
	FLS	A	0.03%
	SOFI	A	0.03%
	JAZZ	C	0.03%
	AAL	B	0.03%
	SEIC	B	0.03%
	MKSI	C	0.03%
	BFAM	F	0.03%
	GNTX	F	0.03%
	PR	B	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	B	0.03%
	HRB	D	0.03%
	CBSH	A	0.03%
	RGEN	F	0.03%
	SAIC	F	0.03%
	BBWI	C	0.03%
	ELAN	D	0.03%
	RRC	B	0.03%
	FR	C	0.03%
	MNST	C	0.03%
	SSD	D	0.03%
	WCC	B	0.03%
	MOH	F	0.03%
	MIDD	D	0.03%
	HLI	B	0.03%
	PNFP	B	0.03%
	ADC	A	0.03%
	EXAS	D	0.03%
	APG	C	0.03%
	ONTO	F	0.03%
	JEF	A	0.03%
	DTM	A	0.03%
	Z	A	0.03%
	LECO	C	0.03%
	WEX	F	0.03%
	AGNC	C	0.03%
	MTZ	A	0.03%
	ACI	C	0.03%
	BERY	D	0.03%
	CR	A	0.03%
	RL	C	0.03%
	SWN	C	0.03%
	X	C	0.03%
	ALGN	D	0.03%
	BWXT	A	0.03%
	BRBR	A	0.03%
	KBR	F	0.03%
	COKE	C	0.03%
	SHW	C	0.03%
	CMA	B	0.03%
	WBS	A	0.03%
	AXTA	B	0.03%
	FCN	F	0.03%
	GMED	A	0.03%
	SKX	F	0.03%
	CHE	F	0.03%
	ROKU	D	0.03%
	COLD	F	0.03%
	VOYA	B	0.03%
	WSM	D	0.03%
	BWA	D	0.03%
	CHRD	F	0.03%
	DAY	B	0.03%
	GWRE	A	0.03%
	FMC	D	0.03%
	OGE	A	0.03%
	ATI	C	0.03%
	WAT	C	0.03%
	FND	F	0.03%
	AR	B	0.03%
	MHK	D	0.03%
	BRX	A	0.03%
	ECL	D	0.03%
	ALSN	B	0.03%
	TKO	A	0.03%
	PTC	B	0.03%
	ALLY	C	0.03%
	KNX	B	0.03%
	AYI	B	0.03%
	FHN	A	0.03%
	RBC	A	0.03%
	WST	D	0.03%
	MOS	D	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	TW	A	0.03%
	LAMR	D	0.03%
	FYBR	C	0.03%
	ORI	A	0.03%
	GPK	D	0.03%
	BKNG	A	0.03%
	NNN	C	0.03%
	JLL	D	0.03%
	TWLO	A	0.03%
	AWI	B	0.02%
	MSM	D	0.02%
	CLF	F	0.02%
	ALNY	D	0.02%
	GFS	C	0.02%
	HUN	F	0.02%
	RH	D	0.02%
	IAC	D	0.02%
	BILL	B	0.02%
	AGO	A	0.02%
	AMP	A	0.02%
	PII	F	0.02%
	DBX	C	0.02%
	WTM	A	0.02%
	LITE	B	0.02%
	SITE	D	0.02%
	SLGN	A	0.02%
	M	D	0.02%
	EEFT	C	0.02%
	FLO	D	0.02%
	FRPT	A	0.02%
	ASH	F	0.02%
	UHAL	D	0.02%
	GAP	D	0.02%
	OZK	B	0.02%
	BYD	B	0.02%
	AN	D	0.02%
	CUZ	B	0.02%
	DLB	F	0.02%
	KRC	C	0.02%
	AZO	C	0.02%
	HOG	F	0.02%
	AL	B	0.02%
	RYN	D	0.02%
	PSN	C	0.02%
	AVT	C	0.02%
	GNRC	B	0.02%
	SAIA	C	0.02%
	CPRI	F	0.02%
	OLED	F	0.02%
	DOCS	C	0.02%
	SLM	B	0.02%
	ROIV	D	0.02%
	WSC	F	0.02%
	HXL	F	0.02%
	OGN	F	0.02%
	JHG	B	0.02%
	SEE	D	0.02%
	FNB	B	0.02%
	WLK	F	0.02%
	FOX	A	0.02%
	ORLY	B	0.02%
	W	D	0.02%
	KD	A	0.02%
	IDA	A	0.02%
	VNT	C	0.02%
	OMF	A	0.02%
	UGI	C	0.02%
	THG	A	0.02%
	ST	F	0.02%
	XRAY	D	0.02%
	LNC	B	0.02%
	SON	F	0.02%
	WH	B	0.02%
	MTDR	C	0.02%
	ZG	A	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	A	0.02%
	MDU	D	0.02%
	THO	C	0.02%
	SRCL	B	0.02%
	POST	C	0.02%
	ALK	A	0.02%
	WHR	B	0.02%
	BC	D	0.02%
	H	B	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	D	0.02%
	DAR	B	0.02%
	OLLI	D	0.02%
	GWW	B	0.02%
	ESAB	C	0.02%
	RLI	A	0.02%
	AGCO	F	0.02%
	R	B	0.02%
	ESI	B	0.02%
	GXO	B	0.02%
	LEA	F	0.02%
	AXS	A	0.02%
	MTSI	B	0.02%
	SNV	B	0.02%
	STWD	C	0.02%
	NOV	D	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	CERT	F	0.01%
	LYFT	C	0.01%
	TRIP	F	0.01%
	WEN	C	0.01%
	FTRE	D	0.01%
	INFA	D	0.01%
	REYN	D	0.01%
	GO	C	0.01%
	PPC	B	0.01%
	LEG	F	0.01%
	LEN	D	0.01%
	PSTG	F	0.01%
	IPGP	D	0.01%
	BIRK	D	0.01%
	SAM	C	0.01%
	UAA	C	0.01%
	VSTS	F	0.01%
	PINC	B	0.01%
	AZEK	B	0.01%
	QS	D	0.01%
	BROS	A	0.01%
	GLOB	C	0.01%
	ADTN	A	0.01%
	LPX	B	0.01%
	HAYW	B	0.01%
	EXP	B	0.01%
	RCM	A	0.01%
	ETSY	D	0.01%
	JWN	C	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	AAP	D	0.01%
	CRI	F	0.01%
	KSS	F	0.01%
	ENOV	C	0.01%
	YETI	D	0.01%
	HHH	B	0.01%
	CNXC	F	0.01%
	VIRT	A	0.01%
	AZTA	F	0.01%
	SPB	C	0.01%
	ULTA	F	0.01%
	SHC	F	0.01%
	VAC	C	0.01%
	RKT	F	0.01%
	CWEN	C	0.01%
	BRKR	F	0.01%
	MASI	B	0.01%
	CXT	C	0.01%
	BHF	C	0.01%
	ALGM	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	CC	D	0.01%
	CNM	C	0.01%
	PENN	C	0.01%
	CLVT	D	0.01%
	PK	D	0.01%
	FHB	B	0.01%
	TNL	B	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	IRDM	F	0.01%
	CPRT	B	0.01%
	LCID	F	0.01%
	PAYC	B	0.01%
	NXST	C	0.01%
	AM	A	0.01%
	ZI	D	0.01%
	NWL	B	0.01%
	NSA	C	0.01%
	PLNT	A	0.01%
	NWS	A	0.01%
	MAN	F	0.01%
	SPR	D	0.01%
	WU	F	0.01%
	HIW	D	0.01%
	NVST	C	0.01%
	AMKR	F	0.01%
	MPW	F	0.01%
	COTY	F	0.01%
	DNB	B	0.01%
	PRGO	C	0.01%
	MSGS	B	0.01%
	GTES	A	0.01%
	CTAS	B	0.01%
	TPG	A	0.01%
	DXC	D	0.01%
	EPR	D	0.01%
	NEU	D	0.01%
	CIVI	D	0.01%
	SMG	C	0.01%
	KMPR	A	0.01%
	TYL	B	0.01%
	U	F	0.01%
	UHAL	D	0.0%
	SEG	B	0.0%
	UWMC	D	0.0%
	NFE	F	0.0%
	DJT	C	0.0%
	IONS	F	0.0%
	CHH	A	0.0%
	UI	A	0.0%
	PLTK	B	0.0%
	CACC	F	0.0%
	LBRDA	C	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	TXG	F	0.0%
	CWEN	C	0.0%
	SEB	F	0.0%
	CAR	C	0.0%
	PYCR	C	0.0%
	LSCC	D	0.0%
	FIVE	F	0.0%
	NCNO	B	0.0%
	HCP	B	0.0%
	AMC	D	0.0%
	DV	C	0.0%
	MTN	C	0.0%
	CNA	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 55 Positions Relative to UDIV

	Symbol	Grade	Weight
	NVDA	A	-6.83%
	AAPL	C	-6.17%
	MSFT	D	-6.07%
	AMZN	B	-3.48%
	META	C	-2.13%
	GOOGL	B	-1.92%
	GOOG	B	-1.73%
	AVGO	C	-1.72%
	TSLA	A	-1.48%
	LLY	F	-1.21%
	BX	A	-0.76%
	MRK	F	-0.71%
	NFLX	A	-0.64%
	ORCL	A	-0.5%
	NOW	B	-0.47%
	INTU	B	-0.47%
	AMT	D	-0.35%
	NXPI	F	-0.35%
	ADBE	D	-0.35%
	LRCX	F	-0.34%
	V	A	-0.34%
	PLTR	A	-0.31%
	CRWD	B	-0.3%
	KLAC	F	-0.3%
	ANET	C	-0.28%
	UBER	F	-0.28%
	MELI	D	-0.28%
	PANW	B	-0.27%
	COST	A	-0.26%
	MA	B	-0.23%
	VRT	A	-0.18%
	ARES	A	-0.18%
	ISRG	A	-0.14%
	CDNS	B	-0.14%
	MPWR	F	-0.12%
	CLX	A	-0.12%
	CMG	C	-0.12%
	ZS	B	-0.11%
	STX	D	-0.11%
	SNPS	C	-0.11%
	DDOG	A	-0.09%
	AXON	A	-0.08%
	LVS	B	-0.08%
	WDAY	C	-0.06%
	SCCO	F	-0.06%
	HUBS	B	-0.06%
	SNOW	C	-0.06%
	TTD	B	-0.06%
	NET	B	-0.06%
	MDB	C	-0.05%
	TSCO	D	-0.04%
	ENTG	F	-0.04%
	SMCI	F	-0.03%
	DT	C	-0.02%
	BSY	D	-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 Dow Jones Component Beverage Medicine

UDIV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Semiconductors Banks - Regional - US REIT - Residential Drug Manufacturers - Major Packaged Foods Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Retail Utilities - Diversified Banks - Global Business Services Household & Personal Products Semiconductor Equipment & Materials Discount Stores Packaging & Containers REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Real Estate Investment Trust Bank Banking Semiconductor Electronics Cloud Computing Mining Integrated Circuits Telecommunications Work From Home Cash Management Chemical Insurance Investment Bank