VONV vs. USSG ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)

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

$85.21

Average Daily Volume

368,652

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

USSG

Xtrackers MSCI USA ESG Leaders Equity ETF

USSG Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the underlying index). The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$55.54

Average Daily Volume

104,670

Number of Holdings ^*

288

* may have additional holdings in another (foreign) market

Performance

Period	VONV	USSG
30 Days	1.23%	2.74%
60 Days	5.38%	7.01%
90 Days	7.88%	8.89%
12 Months	29.73%	35.42%

240 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in USSG	Overlap
	A	F	0.17%	0.15%	0.15%
	ACGL	D	0.16%	0.13%	0.13%
	ACI	C	0.03%	0.02%	0.02%
	ACN	C	0.88%	0.81%	0.81%
	ADP	A	0.03%	0.45%	0.03%
	AFL	C	0.25%	0.21%	0.21%
	AIZ	A	0.04%	0.04%	0.04%
	AKAM	F	0.06%	0.06%	0.06%
	ALGN	F	0.03%	0.06%	0.03%
	ALL	A	0.17%	0.18%	0.17%
	ALLE	D	0.05%	0.05%	0.05%
	ALLY	C	0.03%	0.04%	0.03%
	AMAT	F	0.05%	0.57%	0.05%
	AMD	F	0.36%	0.86%	0.36%
	AMGN	F	0.15%	0.64%	0.15%
	AMP	A	0.02%	0.2%	0.02%
	ANSS	B	0.11%	0.11%	0.11%
	APD	B	0.26%	0.26%	0.26%
	APTV	D	0.08%	0.06%	0.06%
	ATO	A	0.08%	0.08%	0.08%
	AVTR	F	0.07%	0.06%	0.06%
	AVY	F	0.04%	0.06%	0.04%
	AWK	D	0.11%	0.1%	0.1%
	AXP	B	0.38%	0.58%	0.38%
	AZO	C	0.02%	0.2%	0.02%
	BALL	D	0.08%	0.07%	0.07%
	BBWI	C	0.03%	0.02%	0.02%
	BBY	D	0.09%	0.07%	0.07%
	BEN	C	0.02%	0.02%	0.02%
	BG	D	0.05%	0.04%	0.04%
	BIIB	F	0.11%	0.09%	0.09%
	BK	B	0.21%	0.21%	0.21%
	BKNG	A	0.03%	0.62%	0.03%
	BKR	B	0.14%	0.14%	0.14%
	BMY	B	0.42%	0.42%	0.42%
	BR	A	0.01%	0.09%	0.01%
	BXP	D	0.05%	0.04%	0.04%
	CAG	F	0.06%	0.05%	0.05%
	CARR	C	0.22%	0.23%	0.22%
	CAT	C	0.65%	0.69%	0.65%
	CBOE	D	0.09%	0.08%	0.08%
	CBRE	A	0.15%	0.15%	0.15%
	CCI	F	0.2%	0.17%	0.17%
	CFG	B	0.07%	0.08%	0.07%
	CHD	B	0.1%	0.09%	0.09%
	CHRW	A	0.05%	0.04%	0.04%
	CHTR	B	0.12%	0.13%	0.12%
	CI	D	0.35%	0.33%	0.33%
	CL	F	0.15%	0.27%	0.15%
	CMCSA	B	0.63%	0.63%	0.63%
	CMI	A	0.17%	0.17%	0.17%
	CMS	C	0.08%	0.08%	0.08%
	CNH	D	0.04%	0.04%	0.04%
	COF	B	0.22%	0.23%	0.22%
	CPB	F	0.04%	0.03%	0.03%
	CRM	B	0.15%	1.09%	0.15%
	CSX	B	0.27%	0.24%	0.24%
	CTAS	A	0.01%	0.28%	0.01%
	CTLT	D	0.04%	0.04%	0.04%
	DAL	A	0.13%	0.03%	0.03%
	DASH	A	0.02%	0.18%	0.02%
	DAY	C	0.03%	0.04%	0.03%
	DE	D	0.42%	0.4%	0.4%
	DFS	B	0.14%	0.14%	0.14%
	DGX	A	0.07%	0.06%	0.06%
	DHI	F	0.22%	0.19%	0.19%
	DHR	F	0.71%	0.62%	0.62%
	DINO	D	0.03%	0.02%	0.02%
	DIS	B	0.7%	0.66%	0.66%
	DKS	F	0.04%	0.04%	0.04%
	DLR	C	0.21%	0.22%	0.21%
	DOC	C	0.06%	0.06%	0.06%
	DOV	A	0.1%	0.1%	0.1%
	DPZ	C	0.04%	0.06%	0.04%
	DRI	B	0.04%	0.07%	0.04%
	EA	A	0.15%	0.15%	0.15%
	EBAY	C	0.13%	0.12%	0.12%
	ECL	C	0.03%	0.24%	0.03%
	ED	D	0.14%	0.13%	0.13%
	EIX	C	0.13%	0.12%	0.12%
	ELV	F	0.4%	0.36%	0.36%
	EME	B	0.05%	0.08%	0.05%
	EQIX	B	0.31%	0.32%	0.31%
	ES	D	0.09%	0.08%	0.08%
	ETN	A	0.52%	0.5%	0.5%
	EW	D	0.13%	0.15%	0.13%
	EXC	C	0.16%	0.14%	0.14%
	EXPD	D	0.06%	0.06%	0.06%
	FBIN	F	0.04%	0.04%	0.04%
	FDS	A	0.04%	0.06%	0.04%
	FI	A	0.28%	0.45%	0.28%
	FICO	B	0.03%	0.19%	0.03%
	FIS	B	0.19%	0.19%	0.19%
	FOX	A	0.02%	0.02%	0.02%
	FOXA	A	0.04%	0.04%	0.04%
	FSLR	F	0.11%	0.08%	0.08%
	FTV	D	0.11%	0.09%	0.09%
	GE	C	0.64%	0.71%	0.64%
	GEHC	F	0.15%	0.14%	0.14%
	GEN	A	0.06%	0.06%	0.06%
	GGG	B	0.06%	0.05%	0.05%
	GILD	C	0.41%	0.42%	0.41%
	GIS	F	0.16%	0.14%	0.14%
	GPC	D	0.08%	0.06%	0.06%
	GWW	B	0.02%	0.18%	0.02%
	HAL	C	0.1%	0.09%	0.09%
	HBAN	B	0.08%	0.08%	0.08%
	HCA	D	0.23%	0.27%	0.23%
	HD	B	0.32%	1.47%	0.32%
	HIG	C	0.14%	0.12%	0.12%
	HLT	A	0.11%	0.22%	0.11%
	HOLX	D	0.07%	0.07%	0.07%
	HPE	B	0.11%	0.1%	0.1%
	HPQ	B	0.11%	0.14%	0.11%
	HRL	F	0.04%	0.03%	0.03%
	HSIC	F	0.04%	0.03%	0.03%
	HUM	D	0.15%	0.11%	0.11%
	IBM	C	0.8%	0.71%	0.71%
	ICE	D	0.36%	0.33%	0.33%
	IEX	B	0.06%	0.06%	0.06%
	IFF	F	0.11%	0.1%	0.1%
	INTC	C	0.4%	0.36%	0.36%
	IP	C	0.07%	0.07%	0.07%
	IPG	F	0.05%	0.04%	0.04%
	IQV	F	0.15%	0.14%	0.14%
	IR	A	0.16%	0.15%	0.15%
	IRM	D	0.06%	0.14%	0.06%
	ITW	A	0.19%	0.3%	0.19%
	JBHT	B	0.06%	0.06%	0.06%
	JCI	A	0.17%	0.19%	0.17%
	JNJ	D	1.55%	1.43%	1.43%
	JNPR	D	0.05%	0.05%	0.05%
	K	A	0.08%	0.08%	0.08%
	KDP	D	0.16%	0.13%	0.13%
	KEY	B	0.06%	0.06%	0.06%
	KEYS	C	0.11%	0.1%	0.1%
	KMB	F	0.11%	0.17%	0.11%
	KMX	C	0.04%	0.04%	0.04%
	KNX	B	0.03%	0.03%	0.03%
	KO	F	0.47%	1.0%	0.47%
	KR	A	0.15%	0.14%	0.14%
	LH	A	0.07%	0.07%	0.07%
	LIN	D	0.91%	0.83%	0.83%
	LKQ	D	0.04%	0.04%	0.04%
	LNG	B	0.08%	0.16%	0.08%
	LOW	B	0.61%	0.57%	0.57%
	LW	C	0.03%	0.04%	0.03%
	LYB	F	0.1%	0.08%	0.08%
	MCD	C	0.81%	0.79%	0.79%
	MKC	D	0.08%	0.08%	0.08%
	MKTX	C	0.04%	0.04%	0.04%
	MLM	B	0.12%	0.13%	0.12%
	MMC	C	0.38%	0.41%	0.38%
	MMM	C	0.24%	0.26%	0.24%
	MOH	F	0.03%	0.07%	0.03%
	MPC	D	0.23%	0.2%	0.2%
	MRVL	B	0.22%	0.27%	0.22%
	MS	A	0.45%	0.54%	0.45%
	MTD	F	0.13%	0.11%	0.11%
	NDAQ	A	0.12%	0.12%	0.12%
	NEM	F	0.24%	0.2%	0.2%
	NI	A	0.06%	0.06%	0.06%
	NKE	F	0.16%	0.35%	0.16%
	NRG	B	0.04%	0.07%	0.04%
	NTAP	D	0.06%	0.09%	0.06%
	NTRS	A	0.07%	0.07%	0.07%
	NUE	C	0.14%	0.13%	0.13%
	NVR	D	0.11%	0.12%	0.11%
	OC	A	0.06%	0.06%	0.06%
	OKE	A	0.21%	0.21%	0.21%
	OMC	B	0.08%	0.07%	0.07%
	ORLY	A	0.02%	0.26%	0.02%
	PAYX	B	0.11%	0.17%	0.11%
	PEP	D	0.19%	0.86%	0.19%
	PFG	C	0.08%	0.07%	0.07%
	PG	C	1.26%	1.47%	1.26%
	PGR	A	0.09%	0.53%	0.09%
	PHM	D	0.12%	0.11%	0.11%
	PLD	D	0.46%	0.39%	0.39%
	PNC	B	0.29%	0.28%	0.28%
	PNR	A	0.06%	0.06%	0.06%
	PPG	F	0.12%	0.11%	0.11%
	PRU	B	0.17%	0.16%	0.16%
	PSX	D	0.22%	0.2%	0.2%
	PTC	B	0.03%	0.09%	0.03%
	PWR	B	0.12%	0.17%	0.12%
	PYPL	A	0.32%	0.29%	0.29%
	RCL	A	0.11%	0.18%	0.11%
	RF	B	0.08%	0.08%	0.08%
	RIVN	D	0.04%	0.03%	0.03%
	RJF	A	0.09%	0.11%	0.09%
	ROK	B	0.11%	0.12%	0.11%
	SBAC	D	0.1%	0.09%	0.09%
	SCHW	A	0.34%	0.4%	0.34%
	SJM	F	0.05%	0.05%	0.05%
	SLB	C	0.24%	0.22%	0.22%
	SOLV	D	0.04%	0.04%	0.04%
	SPGI	C	0.64%	0.58%	0.58%
	SRE	A	0.21%	0.19%	0.19%
	STE	F	0.09%	0.08%	0.08%
	STLD	B	0.07%	0.08%	0.07%
	STT	B	0.11%	0.1%	0.1%
	SW	C	0.1%	0.1%	0.1%
	SYF	B	0.08%	0.08%	0.08%
	TECH	B	0.05%	0.04%	0.04%
	TFC	B	0.23%	0.21%	0.21%
	TFX	F	0.05%	0.03%	0.03%
	TGT	C	0.29%	0.26%	0.26%
	TJX	B	0.22%	0.48%	0.22%
	TRMB	B	0.06%	0.06%	0.06%
	TROW	B	0.09%	0.09%	0.09%
	TRU	D	0.08%	0.07%	0.07%
	TRV	B	0.21%	0.21%	0.21%
	TT	A	0.23%	0.32%	0.23%
	TTC	F	0.04%	0.03%	0.03%
	TTWO	A	0.1%	0.1%	0.1%
	TWLO	A	0.03%	0.06%	0.03%
	TXN	C	0.65%	0.7%	0.65%
	ULTA	C	0.01%	0.07%	0.01%
	UNP	C	0.31%	0.53%	0.31%
	UPS	C	0.39%	0.36%	0.36%
	URI	B	0.16%	0.2%	0.16%
	USB	A	0.28%	0.28%	0.28%
	VLO	D	0.17%	0.16%	0.16%
	VLTO	C	0.06%	0.09%	0.06%
	VZ	C	0.75%	0.65%	0.65%
	WAT	A	0.03%	0.09%	0.03%
	WBA	D	0.03%	0.02%	0.02%
	WDC	D	0.09%	0.08%	0.08%
	WELL	B	0.31%	0.3%	0.3%
	WMB	B	0.22%	0.24%	0.22%
	WSM	F	0.03%	0.07%	0.03%
	WST	B	0.03%	0.09%	0.03%
	WTRG	C	0.04%	0.04%	0.04%
	WTW	A	0.12%	0.12%	0.12%
	WY	F	0.1%	0.08%	0.08%
	XYL	D	0.13%	0.11%	0.11%
	YUM	B	0.1%	0.14%	0.1%
	ZBH	C	0.09%	0.08%	0.08%
	ZTS	D	0.06%	0.3%	0.06%

VONV Overweight 604 Positions Relative to USSG

	Symbol	Grade	Weight
	BRK.A	B	3.33%
	JPM	B	2.39%
	XOM	B	2.08%
	UNH	B	1.98%
	WMT	A	1.39%
	BAC	A	1.07%
	CVX	B	1.0%
	TMO	F	0.93%
	CSCO	A	0.85%
	ABBV	D	0.79%
	ABT	C	0.78%
	WFC	A	0.78%
	PM	C	0.75%
	NEE	D	0.69%
	PFE	F	0.65%
	RTX	C	0.64%
	T	A	0.62%
	BLK	B	0.55%
	BSX	A	0.49%
	COP	C	0.49%
	C	A	0.47%
	MDT	D	0.46%
	CB	C	0.46%
	HON	B	0.45%
	ADI	F	0.45%
	GS	B	0.45%
	MU	D	0.45%
	TMUS	A	0.4%
	REGN	F	0.4%
	MDLZ	F	0.39%
	SO	D	0.39%
	SYK	A	0.36%
	MO	A	0.35%
	DUK	D	0.35%
	LMT	C	0.34%
	GD	A	0.33%
	PH	A	0.32%
	CME	A	0.31%
	CVS	F	0.31%
	NOC	C	0.29%
	BA	F	0.29%
	BDX	D	0.28%
	EOG	A	0.28%
	FCX	F	0.28%
	AON	A	0.27%
	CEG	D	0.27%
	GEV	B	0.27%
	FDX	B	0.25%
	TDG	B	0.25%
	EMR	A	0.25%
	KKR	B	0.25%
	ROP	A	0.24%
	VRTX	B	0.24%
	MAR	A	0.23%
	O	D	0.22%
	NSC	B	0.22%
	AJG	A	0.22%
	AEP	D	0.21%
	GM	A	0.2%
	PCAR	B	0.2%
	AIG	B	0.19%
	D	D	0.19%
	MET	C	0.19%
	PSA	C	0.19%
	KVUE	B	0.18%
	PEG	C	0.18%
	LEN	D	0.18%
	LHX	A	0.18%
	OTIS	C	0.17%
	PCG	A	0.17%
	MCHP	F	0.17%
	KMI	B	0.17%
	CNC	F	0.16%
	AME	A	0.16%
	SPG	B	0.16%
	STZ	D	0.16%
	CTVA	C	0.16%
	RSG	A	0.16%
	F	C	0.16%
	DD	D	0.15%
	EXR	D	0.15%
	ROST	F	0.15%
	HWM	A	0.15%
	CTSH	A	0.15%
	DOW	F	0.15%
	MSI	B	0.15%
	OXY	D	0.14%
	GLW	C	0.14%
	VICI	D	0.14%
	XEL	A	0.14%
	MCK	A	0.14%
	WAB	A	0.13%
	AVB	A	0.13%
	APH	B	0.13%
	FANG	D	0.13%
	FITB	A	0.12%
	MTB	B	0.12%
	WEC	B	0.12%
	CSGP	D	0.12%
	ON	F	0.12%
	KHC	F	0.12%
	DTE	D	0.11%
	DELL	B	0.11%
	GRMN	A	0.11%
	ETR	B	0.11%
	EQR	C	0.11%
	ADM	F	0.11%
	EFX	D	0.11%
	HSY	D	0.1%
	PPL	A	0.1%
	VMC	B	0.1%
	DVN	F	0.1%
	MSTR	B	0.1%
	SBUX	B	0.1%
	FE	D	0.1%
	RMD	C	0.1%
	VTR	C	0.1%
	GPN	B	0.1%
	SQ	B	0.09%
	INVH	D	0.09%
	MRNA	F	0.09%
	LDOS	B	0.09%
	FCNCA	B	0.09%
	HUBB	B	0.09%
	AEE	A	0.09%
	PKG	B	0.08%
	BAX	F	0.08%
	WBD	B	0.08%
	TDY	A	0.08%
	EQT	B	0.08%
	ARE	F	0.08%
	ILMN	C	0.08%
	CINF	A	0.08%
	BLDR	D	0.08%
	APO	B	0.07%
	TXT	C	0.07%
	RS	B	0.07%
	WRB	B	0.07%
	SUI	D	0.07%
	TSN	C	0.07%
	SWK	F	0.07%
	WSO	A	0.07%
	LUV	B	0.07%
	CTRA	B	0.07%
	CSL	B	0.07%
	ZM	B	0.07%
	CCL	A	0.07%
	MAA	C	0.07%
	MAS	D	0.07%
	DG	F	0.07%
	CNP	B	0.07%
	UAL	B	0.07%
	MSCI	B	0.07%
	ESS	C	0.07%
	RNR	D	0.06%
	ACM	B	0.06%
	USFD	A	0.06%
	EG	D	0.06%
	L	A	0.06%
	DLTR	F	0.06%
	AES	F	0.06%
	RGA	A	0.06%
	EL	F	0.06%
	IBKR	A	0.06%
	SYY	B	0.06%
	RBA	B	0.06%
	MRO	B	0.06%
	SNA	A	0.06%
	UDR	C	0.06%
	ZBRA	A	0.06%
	NDSN	B	0.06%
	VRSN	C	0.06%
	CDW	F	0.06%
	KIM	A	0.06%
	MKL	A	0.06%
	HOOD	B	0.06%
	LNT	C	0.06%
	CF	B	0.06%
	UTHR	B	0.06%
	TOL	C	0.06%
	RVTY	C	0.06%
	THC	B	0.06%
	SWKS	F	0.06%
	SSNC	C	0.06%
	FNF	C	0.06%
	AMCR	D	0.06%
	J	B	0.06%
	EWBC	B	0.05%
	CASY	B	0.05%
	NVT	B	0.05%
	COHR	B	0.05%
	QCOM	F	0.05%
	BLD	F	0.05%
	RPM	A	0.05%
	CUBE	D	0.05%
	JBL	C	0.05%
	CLH	B	0.05%
	CVNA	B	0.05%
	HST	C	0.05%
	ITT	A	0.05%
	CW	B	0.05%
	CPT	C	0.05%
	JKHY	C	0.05%
	FFIV	A	0.05%
	AMH	C	0.05%
	EMN	D	0.05%
	ELS	C	0.05%
	UHS	D	0.05%
	BMRN	F	0.05%
	REG	A	0.05%
	HES	C	0.05%
	GLPI	D	0.05%
	WPC	F	0.05%
	VTRS	B	0.05%
	EVRG	A	0.05%
	BRO	A	0.05%
	DCI	A	0.04%
	CIEN	B	0.04%
	APA	F	0.04%
	NYT	C	0.04%
	EGP	C	0.04%
	CZR	F	0.04%
	FTNT	B	0.04%
	INGR	B	0.04%
	MGM	D	0.04%
	SNX	C	0.04%
	WYNN	F	0.04%
	EVR	B	0.04%
	PRI	A	0.04%
	RGLD	C	0.04%
	WAL	B	0.04%
	GL	B	0.04%
	SF	B	0.04%
	FRT	C	0.04%
	AFRM	B	0.04%
	CG	C	0.04%
	EHC	A	0.04%
	AA	C	0.04%
	MTCH	F	0.04%
	AFG	A	0.04%
	QRVO	F	0.04%
	INCY	B	0.04%
	TTEK	C	0.04%
	DOX	C	0.04%
	OHI	C	0.04%
	OVV	C	0.04%
	PNW	B	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%
	EPAM	B	0.04%
	HII	D	0.04%
	ATR	A	0.04%
	TPR	B	0.04%
	AOS	F	0.04%
	REXR	F	0.04%
	BJ	B	0.04%
	CE	F	0.04%
	CAH	A	0.04%
	UNM	A	0.04%
	RRX	C	0.04%
	RPRX	F	0.04%
	ALB	B	0.04%
	CACI	C	0.04%
	CCK	D	0.04%
	FTI	B	0.04%
	SCI	B	0.04%
	BPOP	C	0.03%
	MAT	C	0.03%
	OSK	B	0.03%
	FAST	A	0.03%
	PARA	C	0.03%
	IVZ	C	0.03%
	BIO	C	0.03%
	PB	B	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%
	FAF	C	0.03%
	CFR	B	0.03%
	CRUS	F	0.03%
	RHI	B	0.03%
	ZION	B	0.03%
	LSTR	B	0.03%
	WMS	F	0.03%
	LBRDK	C	0.03%
	FLS	B	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%
	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	C	0.03%
	SAIC	C	0.03%
	ELAN	D	0.03%
	RRC	B	0.03%
	FR	C	0.03%
	MNST	B	0.03%
	SSD	D	0.03%
	WCC	B	0.03%
	MIDD	C	0.03%
	HLI	B	0.03%
	CRBG	C	0.03%
	PNFP	B	0.03%
	ADC	A	0.03%
	EXAS	F	0.03%
	APG	B	0.03%
	ONTO	F	0.03%
	JEF	A	0.03%
	DTM	B	0.03%
	Z	B	0.03%
	LECO	C	0.03%
	WEX	D	0.03%
	AGNC	C	0.03%
	MTZ	B	0.03%
	BERY	C	0.03%
	CR	B	0.03%
	RL	B	0.03%
	SWN	C	0.03%
	X	C	0.03%
	BWXT	A	0.03%
	BRBR	A	0.03%
	KBR	B	0.03%
	COKE	C	0.03%
	SHW	A	0.03%
	CMA	A	0.03%
	WBS	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%
	BWA	B	0.03%
	CHRD	F	0.03%
	GWRE	A	0.03%
	FMC	F	0.03%
	OGE	B	0.03%
	ATI	D	0.03%
	FND	F	0.03%
	AR	B	0.03%
	MHK	D	0.03%
	BRX	A	0.03%
	ALSN	A	0.03%
	TKO	D	0.03%
	AYI	B	0.03%
	FHN	A	0.03%
	RBC	B	0.03%
	MOS	D	0.03%
	GME	C	0.03%
	LAD	B	0.03%
	TW	C	0.03%
	LAMR	D	0.03%
	FYBR	D	0.03%
	ORI	A	0.03%
	GPK	D	0.03%
	NNN	F	0.03%
	JLL	C	0.03%
	AWI	B	0.02%
	MSM	B	0.02%
	CLF	D	0.02%
	ALNY	D	0.02%
	GFS	C	0.02%
	HUN	F	0.02%
	RH	C	0.02%
	IAC	F	0.02%
	BILL	A	0.02%
	AGO	B	0.02%
	PII	F	0.02%
	DBX	B	0.02%
	WTM	A	0.02%
	LITE	A	0.02%
	SITE	D	0.02%
	SLGN	A	0.02%
	M	D	0.02%
	EEFT	C	0.02%
	FLO	F	0.02%
	FRPT	B	0.02%
	ASH	F	0.02%
	UHAL	C	0.02%
	GAP	B	0.02%
	OZK	B	0.02%
	BYD	A	0.02%
	AN	C	0.02%
	CUZ	C	0.02%
	DLB	C	0.02%
	KRC	C	0.02%
	HOG	F	0.02%
	AL	B	0.02%
	RYN	F	0.02%
	PSN	B	0.02%
	AVT	C	0.02%
	GNRC	B	0.02%
	SAIA	B	0.02%
	CPRI	F	0.02%
	OLED	F	0.02%
	DOCS	B	0.02%
	SLM	B	0.02%
	ROIV	C	0.02%
	WSC	F	0.02%
	HXL	D	0.02%
	OGN	F	0.02%
	JHG	B	0.02%
	SEE	C	0.02%
	FNB	A	0.02%
	WLK	F	0.02%
	W	F	0.02%
	KD	A	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	D	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	B	0.02%
	PVH	C	0.02%
	OLN	D	0.02%
	NFG	C	0.02%
	MDU	F	0.02%
	THO	B	0.02%
	SRCL	B	0.02%
	COIN	B	0.02%
	POST	D	0.02%
	ALK	A	0.02%
	WHR	B	0.02%
	BC	C	0.02%
	H	B	0.02%
	SIRI	D	0.02%
	ACHC	F	0.02%
	VMI	B	0.02%
	SN	C	0.02%
	DAR	B	0.02%
	OLLI	C	0.02%
	ESAB	B	0.02%
	RLI	A	0.02%
	AGCO	F	0.02%
	R	A	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	D	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	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	D	0.01%
	IPGP	C	0.01%
	BIRK	F	0.01%
	SAM	B	0.01%
	UAA	B	0.01%
	VSTS	D	0.01%
	PINC	A	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	C	0.01%
	JWN	B	0.01%
	BOKF	B	0.01%
	MP	C	0.01%
	AAP	D	0.01%
	CRI	D	0.01%
	KSS	F	0.01%
	ENOV	C	0.01%
	YETI	C	0.01%
	HHH	B	0.01%
	CNXC	F	0.01%
	VIRT	B	0.01%
	AZTA	F	0.01%
	SPB	B	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	D	0.01%
	BHF	B	0.01%
	ALGM	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	CC	C	0.01%
	CNM	D	0.01%
	PENN	B	0.01%
	CLVT	F	0.01%
	PK	B	0.01%
	FHB	B	0.01%
	TNL	A	0.01%
	PAG	B	0.01%
	AMED	F	0.01%
	IRDM	C	0.01%
	CPRT	A	0.01%
	LCID	F	0.01%
	PAYC	B	0.01%
	NXST	C	0.01%
	AM	B	0.01%
	ZI	D	0.01%
	NWL	B	0.01%
	NSA	D	0.01%
	PLNT	A	0.01%
	NWS	B	0.01%
	MAN	F	0.01%
	SPR	F	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	C	0.01%
	GTES	B	0.01%
	TPG	B	0.01%
	DXC	B	0.01%
	EPR	D	0.01%
	NEU	C	0.01%
	CIVI	F	0.01%
	SMG	D	0.01%
	KMPR	A	0.01%
	TYL	B	0.01%
	U	F	0.01%
	UHAL	C	0.0%
	SEG	F	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	D	0.0%
	LBRDA	C	0.0%
	TFSL	A	0.0%
	PATH	C	0.0%
	TXG	F	0.0%
	CWEN	D	0.0%
	SEB	D	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	D	0.0%
	CNA	C	0.0%
	DDS	C	0.0%
	HAS	D	0.0%
	WOLF	F	0.0%
	EXEL	B	0.0%

VONV Underweight 48 Positions Relative to USSG

	Symbol	Grade	Weight
	NVDA	B	-12.59%
	MSFT	C	-10.85%
	GOOGL	B	-3.74%
	GOOG	B	-3.25%
	TSLA	B	-2.62%
	LLY	F	-2.45%
	V	A	-1.73%
	MA	B	-1.58%
	MRK	F	-0.97%
	ADBE	C	-0.8%
	NOW	A	-0.73%
	INTU	A	-0.65%
	PANW	A	-0.44%
	AMT	F	-0.37%
	LRCX	F	-0.36%
	MELI	D	-0.35%
	CDNS	B	-0.3%
	SNPS	B	-0.3%
	MCO	C	-0.29%
	NXPI	F	-0.23%
	ADSK	A	-0.23%
	WDAY	B	-0.19%
	COR	A	-0.16%
	IT	A	-0.15%
	ODFL	B	-0.15%
	LULU	C	-0.14%
	TEAM	B	-0.13%
	IDXX	D	-0.13%
	TRGP	B	-0.13%
	AXON	B	-0.12%
	TSCO	C	-0.11%
	DXCM	C	-0.1%
	HUBS	B	-0.1%
	DECK	B	-0.09%
	STX	D	-0.08%
	LPLA	B	-0.08%
	LII	B	-0.07%
	CLX	A	-0.07%
	DOCU	B	-0.06%
	MANH	C	-0.06%
	BURL	C	-0.06%
	PODD	B	-0.06%
	ZS	B	-0.06%
	POOL	D	-0.05%
	EQH	B	-0.05%
	NBIX	C	-0.04%
	ENPH	F	-0.04%
	DVA	C	-0.03%

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

USSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Specialty Retail Diagnostics & Research Business Services Capital Markets Packaged Foods Banks - Regional - US Credit Services Drug Manufacturers - Major Asset Management Semiconductors Specialty Chemicals Household & Personal Products Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Medical Instruments & Supplies Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Chemical Bank Banking Medicine Beverage Electronics Investment Bank Mining Telecommunications Cloud Computing Disability Electricity Financial Products Insurance Products