VONV vs. VCEB ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VCEB
30 Days	3.51%	-0.25%
60 Days	4.96%	-2.76%
90 Days	7.00%	-1.73%
12 Months	29.73%	7.45%

207 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VCEB	Overlap
	A	D	0.15%	0.02%	0.02%
	ABBV	D	0.82%	0.03%	0.03%
	ABT	B	0.78%	0.03%	0.03%
	ACGL	D	0.14%	0.03%	0.03%
	ADI	D	0.44%	0.01%	0.01%
	ADM	D	0.11%	0.02%	0.02%
	ADP	B	0.03%	0.03%	0.03%
	AFL	B	0.23%	0.05%	0.05%
	AIG	B	0.2%	0.01%	0.01%
	AJG	B	0.23%	0.02%	0.02%
	AL	B	0.02%	0.01%	0.01%
	ALLY	C	0.03%	0.03%	0.03%
	AMAT	F	0.05%	0.01%	0.01%
	AMGN	D	0.15%	0.01%	0.01%
	AMP	A	0.02%	0.03%	0.02%
	AON	A	0.29%	0.01%	0.01%
	APD	A	0.28%	0.02%	0.02%
	APH	A	0.13%	0.02%	0.02%
	ARE	D	0.08%	0.01%	0.01%
	AWK	D	0.11%	0.02%	0.02%
	AXP	A	0.38%	0.01%	0.01%
	AZO	C	0.02%	0.04%	0.02%
	BAC	A	1.14%	0.02%	0.02%
	BAX	D	0.07%	0.02%	0.02%
	BDX	F	0.27%	0.03%	0.03%
	BEN	C	0.02%	0.02%	0.02%
	BERY	B	0.03%	0.01%	0.01%
	BG	F	0.05%	0.03%	0.03%
	BHF	B	0.01%	0.03%	0.01%
	BIIB	F	0.1%	0.01%	0.01%
	BK	A	0.22%	0.01%	0.01%
	BKNG	A	0.04%	0.02%	0.02%
	BLK	C	0.58%	0.02%	0.02%
	BMY	B	0.45%	0.03%	0.03%
	BR	A	0.01%	0.02%	0.01%
	BRX	A	0.03%	0.01%	0.01%
	BSX	B	0.49%	0.01%	0.01%
	BWA	D	0.03%	0.03%	0.03%
	BXP	D	0.05%	0.01%	0.01%
	C	A	0.49%	0.01%	0.01%
	CAG	D	0.06%	0.01%	0.01%
	CAH	B	0.04%	0.02%	0.02%
	CARR	D	0.2%	0.02%	0.02%
	CAT	B	0.63%	0.01%	0.01%
	CB	C	0.46%	0.01%	0.01%
	CCI	D	0.19%	0.01%	0.01%
	CF	B	0.06%	0.02%	0.02%
	CFG	B	0.08%	0.03%	0.03%
	CHTR	C	0.12%	0.02%	0.02%
	CI	F	0.32%	0.01%	0.01%
	CMA	A	0.03%	0.03%	0.03%
	CMCSA	B	0.67%	0.01%	0.01%
	CME	A	0.32%	0.02%	0.02%
	CMI	A	0.18%	0.02%	0.02%
	COF	B	0.25%	0.01%	0.01%
	CPB	D	0.04%	0.02%	0.02%
	CPT	B	0.05%	0.04%	0.04%
	CRM	B	0.17%	0.02%	0.02%
	CSCO	B	0.89%	0.02%	0.02%
	CSL	C	0.07%	0.02%	0.02%
	CTAS	B	0.01%	0.04%	0.01%
	CVS	D	0.29%	0.01%	0.01%
	DD	D	0.14%	0.06%	0.06%
	DE	A	0.41%	0.02%	0.02%
	DELL	C	0.11%	0.01%	0.01%
	DFS	B	0.15%	0.01%	0.01%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.03%	0.03%
	DHR	F	0.63%	0.01%	0.01%
	DIS	B	0.71%	0.01%	0.01%
	DLR	B	0.23%	0.01%	0.01%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	D	0.06%	0.03%	0.03%
	DOW	F	0.14%	0.01%	0.01%
	EA	A	0.16%	0.01%	0.01%
	EBAY	D	0.12%	0.01%	0.01%
	EFX	F	0.1%	0.02%	0.02%
	EG	C	0.05%	0.03%	0.03%
	EMN	D	0.05%	0.02%	0.02%
	EQIX	A	0.33%	0.03%	0.03%
	EQR	B	0.11%	0.03%	0.03%
	ETN	A	0.53%	0.03%	0.03%
	EXP	A	0.01%	0.01%	0.01%
	FDX	B	0.25%	0.01%	0.01%
	FIS	C	0.2%	0.01%	0.01%
	FITB	A	0.12%	0.02%	0.02%
	FOXA	B	0.04%	0.01%	0.01%
	FTV	C	0.1%	0.03%	0.03%
	GILD	C	0.44%	0.01%	0.01%
	GIS	D	0.15%	0.03%	0.03%
	GLPI	C	0.05%	0.01%	0.01%
	GLW	B	0.15%	0.02%	0.02%
	GM	B	0.23%	0.01%	0.01%
	GPN	B	0.11%	0.01%	0.01%
	GS	A	0.48%	0.01%	0.01%
	GWW	B	0.02%	0.04%	0.02%
	HAS	D	0.0%	0.03%	0.0%
	HBAN	A	0.09%	0.02%	0.02%
	HCA	F	0.2%	0.02%	0.02%
	HD	A	0.32%	0.01%	0.01%
	HIG	B	0.13%	0.02%	0.02%
	HPE	B	0.1%	0.01%	0.01%
	HPQ	B	0.11%	0.01%	0.01%
	HRL	D	0.04%	0.02%	0.02%
	HST	C	0.05%	0.02%	0.02%
	HUM	C	0.12%	0.01%	0.01%
	HUN	F	0.01%	0.02%	0.01%
	IBM	C	0.76%	0.02%	0.02%
	ICE	C	0.35%	0.01%	0.01%
	IFF	D	0.1%	0.03%	0.03%
	INTC	D	0.37%	0.01%	0.01%
	ITW	B	0.19%	0.03%	0.03%
	JNJ	D	1.54%	0.01%	0.01%
	JPM	A	2.55%	0.01%	0.01%
	K	A	0.08%	0.03%	0.03%
	KDP	D	0.15%	0.01%	0.01%
	KEY	B	0.06%	0.01%	0.01%
	KMB	D	0.11%	0.04%	0.04%
	KO	D	0.43%	0.01%	0.01%
	LEA	D	0.02%	0.02%	0.02%
	LEN	D	0.01%	0.04%	0.01%
	LEN	D	0.16%	0.04%	0.04%
	LH	C	0.08%	0.03%	0.03%
	LOW	D	0.6%	0.01%	0.01%
	LUV	C	0.07%	0.01%	0.01%
	MAR	B	0.24%	0.01%	0.01%
	MCD	D	0.79%	0.01%	0.01%
	MCHP	D	0.16%	0.04%	0.04%
	MCK	B	0.15%	0.02%	0.02%
	MDLZ	F	0.37%	0.01%	0.01%
	MDT	D	0.46%	0.05%	0.05%
	MET	A	0.18%	0.01%	0.01%
	MKC	D	0.08%	0.02%	0.02%
	MLM	B	0.14%	0.02%	0.02%
	MMC	B	0.37%	0.04%	0.04%
	MMM	D	0.23%	0.01%	0.01%
	MOS	F	0.03%	0.06%	0.03%
	MRVL	B	0.25%	0.01%	0.01%
	MS	A	0.51%	0.01%	0.01%
	MSI	B	0.16%	0.01%	0.01%
	MTB	A	0.13%	0.07%	0.07%
	MU	D	0.44%	0.03%	0.03%
	NEM	D	0.21%	0.02%	0.02%
	NKE	D	0.14%	0.01%	0.01%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.08%	0.03%	0.03%
	NVR	D	0.1%	0.03%	0.03%
	O	D	0.21%	0.02%	0.02%
	OMC	C	0.08%	0.02%	0.02%
	ORLY	B	0.02%	0.03%	0.02%
	OTIS	C	0.16%	0.04%	0.04%
	PEP	F	0.19%	0.01%	0.01%
	PFE	D	0.64%	0.01%	0.01%
	PG	A	1.21%	0.01%	0.01%
	PGR	A	0.09%	0.05%	0.05%
	PH	A	0.32%	0.01%	0.01%
	PLD	D	0.42%	0.01%	0.01%
	PNC	B	0.3%	0.01%	0.01%
	PPG	F	0.12%	0.03%	0.03%
	PRU	A	0.18%	0.01%	0.01%
	PWR	A	0.12%	0.03%	0.03%
	PYPL	B	0.32%	0.01%	0.01%
	QCOM	F	0.05%	0.01%	0.01%
	QRVO	F	0.03%	0.02%	0.02%
	REGN	F	0.32%	0.02%	0.02%
	RF	A	0.09%	0.03%	0.03%
	RJF	A	0.11%	0.02%	0.02%
	RL	B	0.03%	0.02%	0.02%
	ROP	B	0.23%	0.03%	0.03%
	RPRX	D	0.04%	0.01%	0.01%
	RSG	A	0.16%	0.01%	0.01%
	SBUX	A	0.1%	0.02%	0.02%
	SCHW	B	0.38%	0.01%	0.01%
	SHW	A	0.03%	0.02%	0.02%
	SJM	D	0.05%	0.03%	0.03%
	SPG	B	0.16%	0.01%	0.01%
	STT	A	0.11%	0.01%	0.01%
	SWK	D	0.06%	0.02%	0.02%
	SYF	B	0.09%	0.03%	0.03%
	SYK	C	0.36%	0.01%	0.01%
	SYY	B	0.06%	0.01%	0.01%
	T	A	0.65%	0.01%	0.01%
	TFC	A	0.23%	0.01%	0.01%
	TGT	F	0.28%	0.01%	0.01%
	TJX	A	0.21%	0.07%	0.07%
	TMO	F	0.84%	0.01%	0.01%
	TMUS	B	0.43%	0.01%	0.01%
	TRV	B	0.22%	0.02%	0.02%
	TSN	B	0.07%	0.01%	0.01%
	TT	A	0.22%	0.02%	0.02%
	TXN	C	0.65%	0.01%	0.01%
	UHS	D	0.05%	0.02%	0.02%
	UNH	C	1.94%	0.01%	0.01%
	UPS	C	0.39%	0.01%	0.01%
	USB	A	0.3%	0.01%	0.01%
	VFC	C	0.03%	0.02%	0.02%
	VMC	B	0.11%	0.02%	0.02%
	VRSN	F	0.06%	0.03%	0.03%
	VTR	C	0.11%	0.02%	0.02%
	VTRS	A	0.06%	0.01%	0.01%
	VZ	C	0.71%	0.02%	0.02%
	WAB	B	0.13%	0.03%	0.03%
	WBA	F	0.03%	0.02%	0.02%
	WELL	A	0.33%	0.01%	0.01%
	XRAY	F	0.02%	0.02%	0.02%
	ZBH	C	0.09%	0.03%	0.03%
	ZTS	D	0.06%	0.01%	0.01%

VONV Overweight 635 Positions Relative to VCEB

	Symbol	Grade	Weight
	BRK.A	B	3.3%
	XOM	B	2.1%
	WMT	A	1.42%
	CVX	A	1.03%
	WFC	A	0.91%
	LIN	D	0.88%
	ACN	C	0.87%
	PM	B	0.83%
	NEE	D	0.65%
	RTX	C	0.64%
	SPGI	C	0.6%
	GE	D	0.59%
	COP	C	0.51%
	HON	B	0.45%
	SO	D	0.4%
	MO	A	0.37%
	DUK	C	0.36%
	BA	F	0.34%
	GEV	B	0.33%
	AMD	F	0.32%
	ELV	F	0.32%
	LMT	D	0.32%
	GD	F	0.32%
	FI	A	0.31%
	UNP	C	0.3%
	CEG	D	0.28%
	EOG	A	0.28%
	NOC	D	0.28%
	KKR	A	0.27%
	FCX	D	0.26%
	CSX	B	0.26%
	VRTX	F	0.25%
	EMR	A	0.25%
	WMB	A	0.25%
	OKE	A	0.23%
	NSC	B	0.23%
	TDG	D	0.23%
	SLB	C	0.23%
	MPC	D	0.21%
	AEP	D	0.21%
	SRE	A	0.21%
	PCAR	B	0.21%
	D	C	0.2%
	DHI	D	0.2%
	PSX	C	0.2%
	LHX	C	0.19%
	KMI	A	0.19%
	KVUE	A	0.18%
	PSA	D	0.18%
	PEG	A	0.18%
	ALL	A	0.17%
	VLO	C	0.17%
	JCI	C	0.17%
	AME	A	0.17%
	CTVA	C	0.17%
	PCG	A	0.17%
	EXC	C	0.16%
	CBRE	B	0.16%
	F	C	0.16%
	URI	B	0.16%
	DAL	C	0.15%
	KR	B	0.15%
	STZ	D	0.15%
	CTSH	B	0.15%
	XEL	A	0.15%
	HWM	A	0.15%
	BKR	B	0.15%
	IR	B	0.15%
	NUE	C	0.14%
	EXR	D	0.14%
	CL	D	0.14%
	GEHC	F	0.14%
	ED	D	0.14%
	ROST	C	0.14%
	MSTR	C	0.14%
	EIX	B	0.13%
	AVB	B	0.13%
	RCL	A	0.13%
	EW	C	0.13%
	CNC	D	0.13%
	IQV	D	0.13%
	ETR	B	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	OXY	D	0.13%
	XYL	D	0.12%
	CSGP	D	0.12%
	KHC	F	0.12%
	WEC	A	0.12%
	ON	D	0.12%
	NDAQ	A	0.12%
	GRMN	B	0.12%
	WTW	B	0.12%
	SW	A	0.11%
	PHM	D	0.11%
	MTD	D	0.11%
	ROK	B	0.11%
	TTWO	A	0.11%
	ANSS	B	0.11%
	HLT	A	0.11%
	PAYX	C	0.11%
	PPL	B	0.1%
	FE	C	0.1%
	TROW	B	0.1%
	DVN	F	0.1%
	CHD	B	0.1%
	HAL	C	0.1%
	SBAC	D	0.1%
	LDOS	C	0.1%
	UAL	A	0.1%
	RMD	C	0.1%
	DTE	C	0.1%
	DOV	A	0.1%
	KEYS	A	0.1%
	WDC	D	0.09%
	LNG	B	0.09%
	CINF	A	0.09%
	STE	F	0.09%
	CCL	B	0.09%
	HSY	F	0.09%
	CBOE	B	0.09%
	LYB	F	0.09%
	WY	D	0.09%
	YUM	B	0.09%
	HUBB	B	0.09%
	ILMN	D	0.09%
	ES	D	0.09%
	AEE	A	0.09%
	FCNCA	A	0.09%
	SQ	B	0.09%
	APO	B	0.08%
	PFG	D	0.08%
	INVH	D	0.08%
	IP	B	0.08%
	STLD	B	0.08%
	BBY	D	0.08%
	ZM	B	0.08%
	WBD	C	0.08%
	EQT	B	0.08%
	PKG	A	0.08%
	CMS	C	0.08%
	FSLR	F	0.08%
	ATO	A	0.08%
	TDY	B	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	WRB	A	0.07%
	SNA	A	0.07%
	CVNA	B	0.07%
	J	F	0.07%
	MRNA	F	0.07%
	MAA	B	0.07%
	MAS	D	0.07%
	CTRA	B	0.07%
	ESS	B	0.07%
	BALL	D	0.07%
	HOLX	D	0.07%
	MSCI	C	0.07%
	TRU	D	0.07%
	BLDR	D	0.07%
	CNP	B	0.07%
	UDR	B	0.06%
	RGA	A	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	SWKS	F	0.06%
	EXPD	D	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	L	A	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	TRMB	B	0.06%
	THC	D	0.06%
	JBHT	C	0.06%
	TOL	B	0.06%
	TXT	D	0.06%
	SSNC	B	0.06%
	MKL	A	0.06%
	AVTR	F	0.06%
	AKAM	D	0.06%
	OC	A	0.06%
	ZBRA	B	0.06%
	LNT	A	0.06%
	IRM	D	0.06%
	APTV	D	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	FNF	B	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	GPC	D	0.06%
	AMCR	D	0.06%
	IBKR	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	CLH	B	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	NVT	B	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	CDW	F	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	HES	B	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DTM	B	0.04%
	WST	C	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	DRI	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	FTNT	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	DPZ	C	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	CE	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	IVZ	B	0.03%
	ALGN	D	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	MTG	C	0.03%
	ATI	D	0.03%
	SIRI	C	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PB	A	0.03%
	PARA	C	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	MOH	F	0.03%
	DASH	A	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	FICO	B	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	WAT	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	MNST	C	0.03%
	ACI	C	0.03%
	LW	C	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	NNN	D	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	FMC	D	0.03%
	ECL	D	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	INGR	B	0.03%
	ALNY	D	0.02%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	OGN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	B	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	SON	D	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	FOX	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	COIN	C	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	TER	D	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RKT	F	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	ULTA	F	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	AGR	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	CPRT	A	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	B	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	PII	D	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 39 Positions Relative to VCEB

	Symbol	Grade	Weight
	DT	C	-0.19%
	WEST	C	-0.06%
	EQH	B	-0.05%
	NOW	A	-0.04%
	STLA	F	-0.04%
	VRSK	A	-0.04%
	EXPE	B	-0.04%
	LLY	F	-0.03%
	MA	C	-0.03%
	VOD	F	-0.03%
	BABA	D	-0.02%
	DB	D	-0.02%
	GOOGL	C	-0.02%
	HSBC	B	-0.02%
	AVGO	D	-0.02%
	GSK	F	-0.02%
	AZN	D	-0.02%
	V	A	-0.02%
	ORCL	B	-0.02%
	WM	A	-0.01%
	WB	D	-0.01%
	NXPI	D	-0.01%
	KLAC	D	-0.01%
	BMO	A	-0.01%
	CM	A	-0.01%
	AER	B	-0.01%
	ADBE	C	-0.01%
	NVDA	C	-0.01%
	MRK	F	-0.01%
	BNS	A	-0.01%
	AMT	D	-0.01%
	LRCX	F	-0.01%
	TD	F	-0.01%
	NWG	C	-0.01%
	MUFG	B	-0.01%
	RY	A	-0.01%
	AMZN	C	-0.01%
	AAPL	C	-0.01%
	MSFT	F	-0.01%

VONV: Top Represented Industries & Keywords

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

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Packaged Foods Business Services Credit Services Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics