VONV vs. USCL ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to iShares Climate Conscious & Transition MSCI USA ETF (USCL)

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

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.95

Average Daily Volume

2,769

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

Performance

Period	VONV	USCL
30 Days	-0.16%	1.42%
60 Days	2.98%	4.53%
90 Days	5.74%	6.54%
12 Months	27.18%	34.16%

239 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in USCL	Overlap
	A	F	0.17%	0.1%	0.1%
	ABBV	F	0.79%	0.81%	0.79%
	ABT	A	0.78%	0.54%	0.54%
	ACGL	D	0.16%	0.1%	0.1%
	ACM	B	0.06%	0.04%	0.04%
	ACN	C	0.88%	0.61%	0.61%
	ADI	D	0.45%	0.28%	0.28%
	ADP	B	0.03%	0.33%	0.03%
	AEP	C	0.21%	0.13%	0.13%
	AIG	C	0.19%	0.14%	0.14%
	AJG	B	0.22%	0.18%	0.18%
	AKAM	F	0.06%	0.04%	0.04%
	ALB	B	0.04%	0.03%	0.03%
	AMD	F	0.36%	0.61%	0.36%
	AME	A	0.16%	0.12%	0.12%
	AMGN	D	0.15%	0.43%	0.15%
	ANSS	B	0.11%	0.08%	0.08%
	AON	B	0.27%	0.2%	0.2%
	APO	A	0.07%	0.18%	0.07%
	ARE	F	0.08%	0.05%	0.05%
	ATO	A	0.08%	0.06%	0.06%
	AVB	B	0.13%	0.09%	0.09%
	AVY	D	0.04%	0.04%	0.04%
	AWK	C	0.11%	0.07%	0.07%
	AXP	B	0.38%	0.45%	0.38%
	BAC	A	1.07%	0.87%	0.87%
	BALL	D	0.08%	0.05%	0.05%
	BIIB	F	0.11%	0.06%	0.06%
	BK	B	0.21%	0.16%	0.16%
	BKNG	A	0.03%	0.46%	0.03%
	BKR	B	0.14%	0.12%	0.12%
	BLK	B	0.55%	0.42%	0.42%
	BMY	A	0.42%	0.32%	0.32%
	BR	B	0.01%	0.07%	0.01%
	BSX	A	0.49%	0.35%	0.35%
	BXP	D	0.05%	0.03%	0.03%
	CAT	C	0.65%	0.51%	0.51%
	CB	C	0.46%	0.3%	0.3%
	CBOE	C	0.09%	0.06%	0.06%
	CBRE	B	0.15%	0.11%	0.11%
	CCI	C	0.2%	0.12%	0.12%
	CCK	D	0.04%	0.03%	0.03%
	CEG	C	0.27%	0.19%	0.19%
	CG	B	0.04%	0.03%	0.03%
	CHD	A	0.1%	0.07%	0.07%
	CHTR	B	0.12%	0.1%	0.1%
	CL	D	0.15%	0.19%	0.15%
	CMCSA	B	0.63%	0.46%	0.46%
	CME	A	0.31%	0.22%	0.22%
	CMI	A	0.17%	0.14%	0.14%
	COP	B	0.49%	0.36%	0.36%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	B	0.01%	0.13%	0.01%
	CRL	D	0.04%	0.03%	0.03%
	CRM	B	0.15%	0.87%	0.15%
	CSCO	B	0.85%	0.63%	0.63%
	CSL	C	0.07%	0.06%	0.06%
	CSX	C	0.27%	0.19%	0.19%
	CTAS	B	0.01%	0.21%	0.01%
	CTLT	D	0.04%	0.03%	0.03%
	CTSH	C	0.15%	0.11%	0.11%
	CTVA	C	0.16%	0.11%	0.11%
	CVS	F	0.31%	0.19%	0.19%
	CVX	A	1.0%	0.77%	0.77%
	D	C	0.19%	0.13%	0.13%
	DAY	B	0.03%	0.03%	0.03%
	DD	D	0.15%	0.09%	0.09%
	DE	C	0.42%	0.28%	0.28%
	DELL	B	0.11%	0.1%	0.1%
	DFS	B	0.14%	0.12%	0.12%
	DHR	D	0.71%	0.43%	0.43%
	DIS	B	0.7%	0.54%	0.54%
	DLR	A	0.21%	0.16%	0.16%
	DOC	D	0.06%	0.04%	0.04%
	DOV	B	0.1%	0.08%	0.08%
	DUK	C	0.35%	0.23%	0.23%
	EBAY	D	0.13%	0.08%	0.08%
	ECL	D	0.03%	0.17%	0.03%
	ED	C	0.14%	0.09%	0.09%
	EFX	F	0.11%	0.09%	0.09%
	EL	F	0.06%	0.04%	0.04%
	EMR	A	0.25%	0.2%	0.2%
	EOG	A	0.28%	0.21%	0.21%
	EQIX	A	0.31%	0.23%	0.23%
	EQR	C	0.11%	0.07%	0.07%
	ES	C	0.09%	0.06%	0.06%
	ETN	B	0.52%	0.39%	0.39%
	EW	C	0.13%	0.11%	0.11%
	EXC	C	0.16%	0.1%	0.1%
	EXPD	D	0.06%	0.05%	0.05%
	F	C	0.16%	0.12%	0.12%
	FANG	D	0.13%	0.09%	0.09%
	FCX	F	0.28%	0.17%	0.17%
	FDS	B	0.04%	0.05%	0.04%
	FDX	B	0.25%	0.18%	0.18%
	FI	A	0.28%	0.33%	0.28%
	FIS	C	0.19%	0.13%	0.13%
	FSLR	F	0.11%	0.05%	0.05%
	FTNT	B	0.04%	0.17%	0.04%
	FTV	D	0.11%	0.07%	0.07%
	GEN	B	0.06%	0.05%	0.05%
	GGG	B	0.06%	0.04%	0.04%
	GILD	C	0.41%	0.31%	0.31%
	GIS	F	0.16%	0.1%	0.1%
	GM	B	0.2%	0.18%	0.18%
	GPN	C	0.1%	0.08%	0.08%
	GRMN	B	0.11%	0.09%	0.09%
	GS	B	0.45%	0.51%	0.45%
	H	B	0.02%	0.02%	0.02%
	HD	A	0.32%	1.09%	0.32%
	HES	B	0.05%	0.11%	0.05%
	HIG	B	0.14%	0.09%	0.09%
	HLT	A	0.11%	0.17%	0.11%
	HPE	B	0.11%	0.07%	0.07%
	HSY	F	0.1%	0.07%	0.07%
	HUBB	B	0.09%	0.07%	0.07%
	HUM	D	0.15%	0.09%	0.09%
	IBM	C	0.8%	0.52%	0.52%
	ICE	C	0.36%	0.24%	0.24%
	IEX	B	0.06%	0.05%	0.05%
	ILMN	C	0.08%	0.06%	0.06%
	INCY	C	0.04%	0.03%	0.03%
	INTC	C	0.4%	0.29%	0.29%
	IQV	F	0.15%	0.1%	0.1%
	ITW	B	0.19%	0.22%	0.19%
	JBHT	C	0.06%	0.04%	0.04%
	JCI	B	0.17%	0.15%	0.15%
	JKHY	D	0.05%	0.03%	0.03%
	JNJ	D	1.55%	0.99%	0.99%
	JPM	A	2.39%	1.88%	1.88%
	K	B	0.08%	0.06%	0.06%
	KDP	D	0.16%	0.1%	0.1%
	KIM	A	0.06%	0.04%	0.04%
	KMB	C	0.11%	0.12%	0.11%
	KMI	A	0.17%	0.14%	0.14%
	KO	D	0.47%	0.69%	0.47%
	LH	B	0.07%	0.05%	0.05%
	LIN	D	0.91%	0.59%	0.59%
	LNT	A	0.06%	0.04%	0.04%
	MAR	B	0.23%	0.19%	0.19%
	MCD	D	0.81%	0.58%	0.58%
	MCK	A	0.14%	0.21%	0.14%
	MDLZ	F	0.39%	0.24%	0.24%
	MGM	D	0.04%	0.02%	0.02%
	MKC	D	0.08%	0.05%	0.05%
	MLM	B	0.12%	0.1%	0.1%
	MMC	D	0.38%	0.3%	0.3%
	MMM	D	0.24%	0.2%	0.2%
	MNST	C	0.03%	0.11%	0.03%
	MRO	A	0.06%	0.04%	0.04%
	MS	A	0.45%	0.44%	0.44%
	MTCH	F	0.04%	0.02%	0.02%
	MTD	F	0.13%	0.07%	0.07%
	NDAQ	A	0.12%	0.09%	0.09%
	NEE	C	0.69%	0.42%	0.42%
	NEM	D	0.24%	0.13%	0.13%
	NKE	F	0.16%	0.25%	0.16%
	NSC	B	0.22%	0.16%	0.16%
	NTRS	A	0.07%	0.06%	0.06%
	NUE	D	0.14%	0.1%	0.1%
	O	C	0.22%	0.13%	0.13%
	OC	A	0.06%	0.05%	0.05%
	OKE	A	0.21%	0.17%	0.17%
	OKTA	D	0.03%	0.03%	0.03%
	OXY	F	0.14%	0.09%	0.09%
	PAYC	B	0.01%	0.03%	0.01%
	PAYX	B	0.11%	0.13%	0.11%
	PCAR	C	0.2%	0.16%	0.16%
	PEG	C	0.18%	0.12%	0.12%
	PEP	F	0.19%	0.61%	0.19%
	PFE	F	0.65%	0.4%	0.4%
	PG	C	1.26%	1.07%	1.07%
	PGR	B	0.09%	0.41%	0.09%
	PLD	D	0.46%	0.29%	0.29%
	PNR	B	0.06%	0.05%	0.05%
	PPG	F	0.12%	0.08%	0.08%
	PTC	B	0.03%	0.06%	0.03%
	PWR	A	0.12%	0.13%	0.12%
	PYPL	B	0.32%	0.23%	0.23%
	QCOM	F	0.05%	0.49%	0.05%
	REG	A	0.05%	0.04%	0.04%
	REGN	F	0.4%	0.23%	0.23%
	ROK	B	0.11%	0.09%	0.09%
	ROP	C	0.24%	0.16%	0.16%
	RPM	B	0.05%	0.05%	0.05%
	RSG	A	0.16%	0.13%	0.13%
	RVTY	D	0.06%	0.04%	0.04%
	SBUX	A	0.1%	0.3%	0.1%
	SCHW	A	0.34%	0.33%	0.33%
	SHW	C	0.03%	0.25%	0.03%
	SLB	C	0.24%	0.17%	0.17%
	SO	C	0.39%	0.26%	0.26%
	SPG	A	0.16%	0.16%	0.16%
	SPGI	D	0.64%	0.44%	0.44%
	SQ	A	0.09%	0.13%	0.09%
	SRE	A	0.21%	0.16%	0.16%
	STLD	B	0.07%	0.06%	0.06%
	STT	B	0.11%	0.08%	0.08%
	STZ	D	0.16%	0.11%	0.11%
	T	A	0.62%	0.43%	0.43%
	TAP	B	0.04%	0.03%	0.03%
	TFX	F	0.05%	0.02%	0.02%
	TGT	B	0.29%	0.19%	0.19%
	TMO	F	0.93%	0.55%	0.55%
	TMUS	B	0.4%	0.34%	0.34%
	TRMB	B	0.06%	0.05%	0.05%
	TROW	B	0.09%	0.07%	0.07%
	TRU	D	0.08%	0.05%	0.05%
	TRV	A	0.21%	0.16%	0.16%
	TT	A	0.23%	0.25%	0.23%
	TW	A	0.03%	0.04%	0.03%
	TWLO	A	0.03%	0.04%	0.03%
	TXN	C	0.65%	0.51%	0.51%
	ULTA	F	0.01%	0.05%	0.01%
	UNH	C	1.98%	1.47%	1.47%
	UNP	D	0.31%	0.39%	0.31%
	UPS	C	0.39%	0.26%	0.26%
	USB	B	0.28%	0.21%	0.21%
	VICI	C	0.14%	0.09%	0.09%
	VRTX	D	0.24%	0.34%	0.24%
	VZ	C	0.75%	0.46%	0.46%
	WAB	B	0.13%	0.09%	0.09%
	WAT	C	0.03%	0.06%	0.03%
	WELL	A	0.31%	0.22%	0.22%
	WFC	A	0.78%	0.69%	0.69%
	WMT	A	1.39%	1.01%	1.01%
	WRB	B	0.07%	0.05%	0.05%
	WSM	D	0.03%	0.05%	0.03%
	WST	D	0.03%	0.07%	0.03%
	WTRG	B	0.04%	0.03%	0.03%
	WTW	B	0.12%	0.09%	0.09%
	WY	D	0.1%	0.06%	0.06%
	WYNN	D	0.04%	0.03%	0.03%
	XEL	A	0.14%	0.1%	0.1%
	XOM	B	2.08%	1.46%	1.46%
	XYL	D	0.13%	0.08%	0.08%
	YUM	D	0.1%	0.1%	0.1%
	ZBH	C	0.09%	0.06%	0.06%
	ZTS	D	0.06%	0.22%	0.06%

VONV Overweight 605 Positions Relative to USCL

	Symbol	Grade	Weight
	BRK.A	B	3.33%
	PM	A	0.75%
	RTX	D	0.64%
	GE	D	0.64%
	LOW	C	0.61%
	C	B	0.47%
	MDT	D	0.46%
	HON	B	0.45%
	MU	D	0.45%
	ELV	F	0.4%
	SYK	A	0.36%
	MO	A	0.35%
	CI	D	0.35%
	LMT	D	0.34%
	GD	D	0.33%
	PH	B	0.32%
	NOC	D	0.29%
	PNC	B	0.29%
	BA	D	0.29%
	BDX	F	0.28%
	GEV	A	0.27%
	APD	A	0.26%
	TDG	D	0.25%
	AFL	C	0.25%
	KKR	A	0.25%
	TFC	A	0.23%
	MPC	D	0.23%
	HCA	F	0.23%
	TJX	A	0.22%
	CARR	D	0.22%
	PSX	C	0.22%
	WMB	A	0.22%
	DHI	D	0.22%
	COF	B	0.22%
	MRVL	B	0.22%
	MET	A	0.19%
	PSA	C	0.19%
	KVUE	A	0.18%
	LEN	D	0.18%
	LHX	B	0.18%
	OTIS	C	0.17%
	ALL	A	0.17%
	PCG	A	0.17%
	MCHP	F	0.17%
	VLO	C	0.17%
	PRU	B	0.17%
	CNC	F	0.16%
	IR	B	0.16%
	URI	B	0.16%
	GEHC	D	0.15%
	EXR	C	0.15%
	KR	B	0.15%
	ROST	D	0.15%
	HWM	A	0.15%
	EA	A	0.15%
	DOW	F	0.15%
	MSI	B	0.15%
	GLW	B	0.14%
	APH	B	0.13%
	DAL	A	0.13%
	EIX	C	0.13%
	FITB	B	0.12%
	PHM	D	0.12%
	MTB	A	0.12%
	WEC	A	0.12%
	CSGP	F	0.12%
	ON	F	0.12%
	KHC	F	0.12%
	DTE	C	0.11%
	HPQ	B	0.11%
	IFF	D	0.11%
	RCL	A	0.11%
	KEYS	C	0.11%
	ETR	A	0.11%
	NVR	D	0.11%
	ADM	D	0.11%
	PPL	A	0.1%
	VMC	B	0.1%
	DVN	F	0.1%
	MSTR	A	0.1%
	LYB	F	0.1%
	SW	A	0.1%
	FE	C	0.1%
	HAL	C	0.1%
	RMD	C	0.1%
	SBAC	D	0.1%
	VTR	B	0.1%
	TTWO	A	0.1%
	INVH	D	0.09%
	MRNA	F	0.09%
	LDOS	C	0.09%
	FCNCA	A	0.09%
	BBY	D	0.09%
	WDC	F	0.09%
	RJF	A	0.09%
	AEE	A	0.09%
	STE	D	0.09%
	PKG	B	0.08%
	BAX	F	0.08%
	GPC	F	0.08%
	APTV	F	0.08%
	SYF	B	0.08%
	PFG	C	0.08%
	OMC	C	0.08%
	WBD	B	0.08%
	LNG	A	0.08%
	TDY	B	0.08%
	EQT	A	0.08%
	CINF	A	0.08%
	CMS	C	0.08%
	BLDR	D	0.08%
	HBAN	B	0.08%
	RF	A	0.08%
	TXT	D	0.07%
	RS	B	0.07%
	SUI	C	0.07%
	TSN	B	0.07%
	IP	A	0.07%
	SWK	F	0.07%
	WSO	A	0.07%
	DGX	A	0.07%
	AVTR	F	0.07%
	LUV	B	0.07%
	CTRA	B	0.07%
	ZM	B	0.07%
	CCL	A	0.07%
	MAA	A	0.07%
	MAS	D	0.07%
	CFG	B	0.07%
	DG	F	0.07%
	HOLX	D	0.07%
	CNP	A	0.07%
	UAL	A	0.07%
	MSCI	B	0.07%
	ESS	A	0.07%
	RNR	C	0.06%
	NTAP	C	0.06%
	USFD	A	0.06%
	EG	D	0.06%
	L	A	0.06%
	DLTR	F	0.06%
	AES	F	0.06%
	RGA	B	0.06%
	IBKR	A	0.06%
	SYY	D	0.06%
	RBA	A	0.06%
	IRM	C	0.06%
	SNA	B	0.06%
	UDR	C	0.06%
	ZBRA	B	0.06%
	NDSN	D	0.06%
	VRSN	F	0.06%
	CDW	F	0.06%
	VLTO	C	0.06%
	MKL	A	0.06%
	CAG	F	0.06%
	KEY	B	0.06%
	HOOD	A	0.06%
	NI	A	0.06%
	CF	A	0.06%
	UTHR	C	0.06%
	TOL	B	0.06%
	THC	C	0.06%
	SWKS	F	0.06%
	SSNC	C	0.06%
	FNF	A	0.06%
	AMCR	D	0.06%
	J	D	0.06%
	EWBC	A	0.05%
	CASY	A	0.05%
	NVT	C	0.05%
	COHR	B	0.05%
	BLD	F	0.05%
	IPG	F	0.05%
	CUBE	C	0.05%
	EME	A	0.05%
	JBL	C	0.05%
	CLH	C	0.05%
	CVNA	A	0.05%
	HST	D	0.05%
	ITT	A	0.05%
	TECH	F	0.05%
	CW	B	0.05%
	SJM	D	0.05%
	JNPR	D	0.05%
	ALLE	D	0.05%
	CPT	C	0.05%
	CHRW	B	0.05%
	FFIV	B	0.05%
	AMH	C	0.05%
	EMN	D	0.05%
	ELS	B	0.05%
	UHS	D	0.05%
	BMRN	F	0.05%
	GLPI	C	0.05%
	WPC	C	0.05%
	BG	D	0.05%
	AMAT	F	0.05%
	VTRS	A	0.05%
	EVRG	A	0.05%
	BRO	B	0.05%
	DCI	B	0.04%
	CIEN	B	0.04%
	APA	F	0.04%
	NYT	D	0.04%
	EGP	D	0.04%
	CZR	F	0.04%
	INGR	B	0.04%
	TTC	F	0.04%
	SNX	D	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	HRL	D	0.04%
	RGLD	C	0.04%
	RIVN	F	0.04%
	DRI	C	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%
	FOXA	B	0.04%
	AFG	A	0.04%
	CNH	C	0.04%
	QRVO	F	0.04%
	DPZ	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%
	QGEN	F	0.04%
	ARMK	C	0.04%
	WWD	B	0.04%
	PFGC	B	0.04%
	NTNX	B	0.04%
	AIZ	A	0.04%
	LKQ	F	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%
	CAH	B	0.04%
	UNM	A	0.04%
	RRX	B	0.04%
	RPRX	F	0.04%
	CACI	C	0.04%
	NRG	B	0.04%
	FTI	A	0.04%
	SCI	A	0.04%
	KMX	C	0.04%
	LW	C	0.03%
	BPOP	C	0.03%
	MAT	D	0.03%
	OSK	C	0.03%
	WBA	F	0.03%
	FAST	B	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%
	SSD	D	0.03%
	WCC	B	0.03%
	MOH	F	0.03%
	MIDD	D	0.03%
	HLI	B	0.03%
	CRBG	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%
	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%
	BWA	D	0.03%
	CHRD	F	0.03%
	GWRE	A	0.03%
	FMC	D	0.03%
	OGE	A	0.03%
	ATI	C	0.03%
	FND	F	0.03%
	AR	B	0.03%
	MHK	D	0.03%
	BRX	A	0.03%
	ALSN	B	0.03%
	TKO	A	0.03%
	ALLY	C	0.03%
	KNX	B	0.03%
	AYI	B	0.03%
	FHN	A	0.03%
	RBC	A	0.03%
	MOS	D	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	LAMR	D	0.03%
	FYBR	C	0.03%
	ORI	A	0.03%
	GPK	D	0.03%
	NNN	C	0.03%
	JLL	D	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%
	COIN	A	0.02%
	POST	C	0.02%
	ALK	A	0.02%
	WHR	B	0.02%
	BC	D	0.02%
	BEN	C	0.02%
	SIRI	D	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%
	DASH	A	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%
	TER	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%
	SHC	F	0.01%
	AGR	A	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%
	LCID	F	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%
	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 57 Positions Relative to USCL

	Symbol	Grade	Weight
	NVDA	A	-6.73%
	AAPL	C	-5.23%
	AMZN	B	-5.13%
	MSFT	D	-4.42%
	META	C	-3.42%
	TSLA	A	-2.41%
	GOOGL	B	-2.33%
	AVGO	C	-2.04%
	GOOG	B	-2.03%
	LLY	F	-1.72%
	V	A	-1.31%
	MA	B	-1.17%
	NFLX	A	-0.98%
	ORCL	A	-0.84%
	MRK	F	-0.67%
	ADBE	D	-0.63%
	NOW	B	-0.58%
	INTU	B	-0.53%
	UBER	F	-0.36%
	PANW	B	-0.35%
	BX	A	-0.35%
	PLTR	A	-0.32%
	WM	B	-0.24%
	AMT	D	-0.24%
	SNPS	C	-0.23%
	MELI	D	-0.23%
	CMG	C	-0.22%
	CDNS	B	-0.22%
	MCO	D	-0.21%
	CRWD	B	-0.21%
	CRH	B	-0.19%
	ADSK	B	-0.18%
	WDAY	C	-0.16%
	ABNB	D	-0.16%
	WCN	A	-0.13%
	ODFL	B	-0.12%
	SNOW	C	-0.11%
	TEAM	A	-0.11%
	VRSK	B	-0.11%
	IT	C	-0.11%
	LULU	C	-0.1%
	HUBS	B	-0.09%
	IDXX	F	-0.09%
	NET	B	-0.08%
	DECK	A	-0.07%
	LII	A	-0.06%
	CLX	A	-0.06%
	MANH	D	-0.05%
	FWONK	B	-0.05%
	PINS	F	-0.05%
	LVS	B	-0.05%
	ZS	B	-0.05%
	BAH	D	-0.05%
	SNAP	D	-0.03%
	AZPN	A	-0.02%
	BSY	D	-0.02%
	DVA	C	-0.02%

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

USCL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Drug Manufacturers - Major Asset Management Utilities - Regulated Electric Capital Markets Semiconductors Household & Personal Products Internet Content & Information Oil & Gas E&P Software - Infrastructure Specialty Chemicals Credit Services Specialty Retail Beverages - Soft Drinks Financial Data & Stock Exchanges Information Technology Services Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Natural Gas Computing Insurance Chemical Electricity Mining Work From Home Electronics Telecommunications Real Estate Investment Trust Software Beverage Mobile Devices Software As A Service Disease Medicine Oil And Gas