VONV vs. VYM ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$82.29

Average Daily Volume

323,013

Number of Holdings ^*

838

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$126.95

Average Daily Volume

782,737

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	VONV	VYM
30 Days	2.85%	2.61%
60 Days	3.60%	2.94%
90 Days	7.59%	6.87%
12 Months	21.11%	21.55%

329 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in VYM	Overlap
	AAP	F	0.02%	0.02%	0.02%
	ABBV	B	0.76%	1.9%	0.76%
	ABT	B	0.75%	1.06%	0.75%
	ACI	D	0.03%	0.05%	0.03%
	ADI	D	0.47%	0.66%	0.47%
	ADM	D	0.13%	0.18%	0.13%
	ADP	A	0.03%	0.63%	0.03%
	ADTN	F	0.01%	0.01%	0.01%
	AEE	A	0.09%	0.12%	0.09%
	AEP	A	0.21%	0.3%	0.21%
	AES	C	0.05%	0.07%	0.05%
	AFG	B	0.04%	0.05%	0.04%
	AFL	B	0.22%	0.32%	0.22%
	AGCO	D	0.02%	0.03%	0.02%
	AGO	C	0.02%	0.03%	0.02%
	AGR	B	0.01%	0.01%	0.01%
	AIG	D	0.22%	0.31%	0.22%
	AIZ	C	0.04%	0.05%	0.04%
	AL	D	0.02%	0.03%	0.02%
	ALL	A	0.16%	0.26%	0.16%
	ALLY	F	0.04%	0.07%	0.04%
	AM	B	0.01%	0.03%	0.01%
	AMGN	B	0.16%	1.03%	0.16%
	AMP	B	0.02%	0.25%	0.02%
	APA	F	0.05%	0.06%	0.05%
	APD	B	0.24%	0.34%	0.24%
	APO	C	0.07%	0.38%	0.07%
	ATO	A	0.08%	0.11%	0.08%
	AVT	D	0.02%	0.03%	0.02%
	AWK	A	0.11%	0.16%	0.11%
	AXS	B	0.02%	0.03%	0.02%
	BAC	D	1.12%	1.58%	1.12%
	BAX	C	0.07%	0.11%	0.07%
	BBWI	F	0.03%	0.05%	0.03%
	BBY	B	0.08%	0.11%	0.08%
	BC	D	0.02%	0.03%	0.02%
	BEN	D	0.03%	0.04%	0.03%
	BERY	B	0.03%	0.04%	0.03%
	BG	F	0.06%	0.09%	0.06%
	BK	A	0.2%	0.28%	0.2%
	BKR	D	0.16%	0.22%	0.16%
	BLK	A	0.53%	0.75%	0.53%
	BMY	C	0.4%	0.56%	0.4%
	BOKF	B	0.01%	0.01%	0.01%
	BPOP	C	0.03%	0.04%	0.03%
	C	D	0.51%	0.72%	0.51%
	CACC	F	0.0%	0.02%	0.0%
	CACC	F	0.01%	0.02%	0.01%
	CAG	B	0.06%	0.08%	0.06%
	CAH	B	0.04%	0.14%	0.04%
	CAT	C	0.6%	0.98%	0.6%
	CB	B	0.46%	0.65%	0.46%
	CBSH	B	0.03%	0.04%	0.03%
	CC	F	0.01%	0.02%	0.01%
	CE	D	0.05%	0.07%	0.05%
	CF	C	0.06%	0.08%	0.06%
	CFG	C	0.08%	0.11%	0.08%
	CFR	C	0.03%	0.04%	0.03%
	CG	D	0.04%	0.06%	0.04%
	CHK	D	0.04%	0.06%	0.04%
	CHRD	F	0.04%	0.06%	0.04%
	CHRW	C	0.04%	0.06%	0.04%
	CI	B	0.36%	0.56%	0.36%
	CINF	B	0.08%	0.12%	0.08%
	CIVI	F	0.02%	0.04%	0.02%
	CL	C	0.15%	0.47%	0.15%
	CMA	B	0.03%	0.04%	0.03%
	CMCSA	D	0.66%	0.93%	0.66%
	CME	B	0.29%	0.4%	0.29%
	CMI	C	0.16%	0.23%	0.16%
	CMS	A	0.08%	0.11%	0.08%
	CNH	C	0.04%	0.05%	0.04%
	CNP	C	0.07%	0.1%	0.07%
	COLB	C	0.02%	0.03%	0.02%
	COP	F	0.53%	0.75%	0.53%
	CPB	B	0.04%	0.05%	0.04%
	CRBG	D	0.03%	0.04%	0.03%
	CRI	C	0.01%	0.01%	0.01%
	CSCO	C	0.81%	1.14%	0.81%
	CTRA	F	0.08%	0.11%	0.08%
	CVS	D	0.31%	0.44%	0.31%
	CVX	D	1.13%	1.55%	1.13%
	CWEN	A	0.01%	0.01%	0.01%
	D	B	0.18%	0.26%	0.18%
	DD	B	0.14%	0.2%	0.14%
	DFS	C	0.15%	0.21%	0.15%
	DGX	B	0.06%	0.09%	0.06%
	DINO	F	0.03%	0.05%	0.03%
	DKS	D	0.05%	0.07%	0.05%
	DNB	C	0.01%	0.02%	0.01%
	DOW	F	0.16%	0.22%	0.16%
	DOX	C	0.04%	0.06%	0.04%
	DRI	C	0.03%	0.1%	0.03%
	DTE	A	0.1%	0.14%	0.1%
	DTM	B	0.03%	0.04%	0.03%
	DUK	B	0.35%	0.49%	0.35%
	DVN	F	0.12%	0.17%	0.12%
	EBAY	A	0.12%	0.16%	0.12%
	ED	B	0.14%	0.2%	0.14%
	EG	B	0.06%	0.1%	0.06%
	EIX	B	0.12%	0.18%	0.12%
	EL	F	0.06%	0.13%	0.06%
	EMN	A	0.05%	0.07%	0.05%
	EMR	D	0.27%	0.39%	0.27%
	EOG	D	0.3%	0.42%	0.3%
	EQT	D	0.08%	0.12%	0.08%
	ES	B	0.09%	0.13%	0.09%
	ETN	C	0.5%	0.7%	0.5%
	ETR	A	0.1%	0.14%	0.1%
	EVR	B	0.04%	0.05%	0.04%
	EVRG	A	0.05%	0.07%	0.05%
	EWBC	D	0.05%	0.07%	0.05%
	EXC	A	0.15%	0.22%	0.15%
	F	D	0.17%	0.25%	0.17%
	FAF	A	0.02%	0.04%	0.02%
	FANG	F	0.15%	0.21%	0.15%
	FAST	C	0.03%	0.23%	0.03%
	FDX	C	0.28%	0.4%	0.28%
	FE	B	0.1%	0.14%	0.1%
	FHB	C	0.01%	0.02%	0.01%
	FHN	C	0.04%	0.05%	0.04%
	FIS	A	0.18%	0.25%	0.18%
	FITB	B	0.12%	0.17%	0.12%
	FLO	C	0.02%	0.02%	0.02%
	FLS	D	0.03%	0.04%	0.03%
	FMC	C	0.03%	0.04%	0.03%
	FNB	D	0.02%	0.03%	0.02%
	FNF	B	0.06%	0.08%	0.06%
	FOX	C	0.02%	0.03%	0.02%
	FOXA	C	0.04%	0.05%	0.04%
	GAP	F	0.02%	0.03%	0.02%
	GD	B	0.33%	0.47%	0.33%
	GILD	B	0.39%	0.55%	0.39%
	GIS	B	0.16%	0.22%	0.16%
	GLW	C	0.13%	0.18%	0.13%
	GPC	D	0.08%	0.12%	0.08%
	GRMN	D	0.11%	0.15%	0.11%
	GS	D	0.48%	0.93%	0.48%
	HAL	F	0.13%	0.18%	0.13%
	HAS	B	0.0%	0.05%	0.0%
	HBAN	B	0.09%	0.12%	0.09%
	HD	B	0.3%	2.11%	0.3%
	HIG	B	0.13%	0.19%	0.13%
	HII	D	0.05%	0.06%	0.05%
	HLI	A	0.03%	0.04%	0.03%
	HOG	C	0.02%	0.03%	0.02%
	HON	D	0.46%	0.77%	0.46%
	HPE	F	0.11%	0.15%	0.11%
	HPQ	D	0.11%	0.2%	0.11%
	HRB	C	0.03%	0.05%	0.03%
	HRL	C	0.04%	0.05%	0.04%
	HSY	B	0.1%	0.17%	0.1%
	HUBB	B	0.09%	0.12%	0.09%
	HUN	D	0.02%	0.02%	0.02%
	IBM	A	0.72%	0.93%	0.72%
	IDA	B	0.02%	0.03%	0.02%
	IFF	B	0.1%	0.15%	0.1%
	INGR	B	0.03%	0.05%	0.03%
	INTC	F	0.54%	0.76%	0.54%
	IP	B	0.07%	0.09%	0.07%
	IPG	C	0.05%	0.07%	0.05%
	IRDM	D	0.01%	0.02%	0.01%
	ITW	B	0.19%	0.42%	0.19%
	IVZ	C	0.03%	0.04%	0.03%
	JCI	B	0.17%	0.28%	0.17%
	JEF	B	0.03%	0.06%	0.03%
	JHG	B	0.02%	0.03%	0.02%
	JNJ	B	1.56%	2.2%	1.56%
	JNPR	B	0.05%	0.07%	0.05%
	JPM	D	2.5%	3.53%	2.5%
	JWN	C	0.01%	0.01%	0.01%
	K	A	0.06%	0.09%	0.06%
	KDP	B	0.15%	0.21%	0.15%
	KEY	B	0.06%	0.09%	0.06%
	KHC	C	0.13%	0.18%	0.13%
	KMB	C	0.11%	0.26%	0.11%
	KMI	B	0.17%	0.24%	0.17%
	KMPR	D	0.02%	0.02%	0.02%
	KO	B	0.45%	1.5%	0.45%
	KR	B	0.15%	0.21%	0.15%
	KSS	F	0.01%	0.01%	0.01%
	LEA	F	0.03%	0.04%	0.03%
	LEG	D	0.01%	0.01%	0.01%
	LHX	C	0.18%	0.25%	0.18%
	LKQ	D	0.05%	0.06%	0.05%
	LMT	B	0.32%	0.67%	0.32%
	LNC	D	0.02%	0.03%	0.02%
	LNT	A	0.06%	0.08%	0.06%
	LOW	B	0.58%	0.81%	0.58%
	LUV	C	0.07%	0.09%	0.07%
	LYB	F	0.11%	0.15%	0.11%
	M	D	0.02%	0.03%	0.02%
	MAN	D	0.02%	0.02%	0.02%
	MCD	B	0.73%	1.11%	0.73%
	MCHP	D	0.19%	0.27%	0.19%
	MDLZ	B	0.38%	0.53%	0.38%
	MDT	B	0.44%	0.62%	0.44%
	MDU	B	0.02%	0.03%	0.02%
	MET	B	0.19%	0.26%	0.19%
	MKC	B	0.08%	0.11%	0.08%
	MMM	A	0.24%	0.41%	0.24%
	MO	C	0.35%	0.49%	0.35%
	MOS	F	0.04%	0.06%	0.04%
	MPC	F	0.26%	0.36%	0.26%
	MRO	D	0.07%	0.09%	0.07%
	MS	D	0.46%	0.69%	0.46%
	MSM	D	0.02%	0.02%	0.02%
	MTB	B	0.12%	0.16%	0.12%
	MTG	B	0.03%	0.04%	0.03%
	MTN	D	0.0%	0.04%	0.0%
	NEE	B	0.64%	0.91%	0.64%
	NEM	B	0.23%	0.33%	0.23%
	NFG	A	0.02%	0.03%	0.02%
	NI	A	0.06%	0.08%	0.06%
	NRG	C	0.04%	0.09%	0.04%
	NSC	C	0.23%	0.33%	0.23%
	NTAP	D	0.06%	0.15%	0.06%
	NTRS	B	0.07%	0.1%	0.07%
	NVT	D	0.05%	0.07%	0.05%
	NWL	C	0.01%	0.02%	0.01%
	NXST	D	0.01%	0.03%	0.01%
	OGE	B	0.03%	0.04%	0.03%
	OGN	C	0.02%	0.03%	0.02%
	OKE	A	0.2%	0.28%	0.2%
	OMC	B	0.08%	0.11%	0.08%
	OMF	D	0.02%	0.03%	0.02%
	ORI	B	0.04%	0.05%	0.04%
	OSK	D	0.03%	0.04%	0.03%
	OVV	F	0.05%	0.07%	0.05%
	OZK	D	0.02%	0.03%	0.02%
	PAG	D	0.01%	0.02%	0.01%
	PARA	F	0.03%	0.03%	0.03%
	PAYX	B	0.11%	0.24%	0.11%
	PB	B	0.03%	0.04%	0.03%
	PCAR	D	0.21%	0.29%	0.21%
	PEG	A	0.16%	0.23%	0.16%
	PEP	B	0.2%	1.37%	0.2%
	PFE	C	0.71%	1.0%	0.71%
	PFG	C	0.08%	0.11%	0.08%
	PG	A	1.21%	2.2%	1.21%
	PGR	B	0.08%	0.72%	0.08%
	PII	D	0.02%	0.03%	0.02%
	PINC	C	0.01%	0.01%	0.01%
	PKG	B	0.07%	0.1%	0.07%
	PM	B	0.73%	1.04%	0.73%
	PNC	B	0.29%	0.42%	0.29%
	PNW	A	0.04%	0.06%	0.04%
	PPG	C	0.12%	0.17%	0.12%
	PPL	A	0.09%	0.13%	0.09%
	PR	D	0.03%	0.06%	0.03%
	PRGO	C	0.02%	0.02%	0.02%
	PRU	C	0.18%	0.26%	0.18%
	PSX	F	0.25%	0.36%	0.25%
	QCOM	D	0.05%	1.17%	0.05%
	R	B	0.02%	0.04%	0.02%
	REYN	C	0.01%	0.01%	0.01%
	RF	C	0.08%	0.12%	0.08%
	RGA	B	0.06%	0.09%	0.06%
	RHI	D	0.03%	0.04%	0.03%
	RL	B	0.03%	0.04%	0.03%
	RLI	B	0.02%	0.04%	0.02%
	ROK	D	0.12%	0.18%	0.12%
	RPM	B	0.05%	0.09%	0.05%
	RPRX	C	0.05%	0.06%	0.05%
	RRC	D	0.03%	0.04%	0.03%
	RS	D	0.07%	0.1%	0.07%
	RTX	C	0.64%	0.9%	0.64%
	SBUX	C	0.08%	0.51%	0.08%
	SEE	D	0.02%	0.03%	0.02%
	SF	B	0.04%	0.05%	0.04%
	SJM	C	0.05%	0.07%	0.05%
	SLB	F	0.28%	0.4%	0.28%
	SLM	D	0.02%	0.03%	0.02%
	SMG	C	0.01%	0.02%	0.01%
	SNA	B	0.06%	0.09%	0.06%
	SNV	C	0.03%	0.04%	0.03%
	SO	A	0.38%	0.53%	0.38%
	SON	C	0.02%	0.03%	0.02%
	SPB	B	0.01%	0.01%	0.01%
	SRE	B	0.21%	0.29%	0.21%
	STT	B	0.1%	0.15%	0.1%
	SWK	B	0.07%	0.09%	0.07%
	SWKS	F	0.07%	0.11%	0.07%
	SYF	D	0.08%	0.12%	0.08%
	SYY	C	0.06%	0.22%	0.06%
	T	A	0.57%	0.8%	0.57%
	TAP	C	0.04%	0.05%	0.04%
	TFC	D	0.24%	0.35%	0.24%
	TGT	C	0.29%	0.4%	0.29%
	THG	A	0.02%	0.03%	0.02%
	TNL	F	0.01%	0.02%	0.01%
	TPG	B	0.01%	0.02%	0.01%
	TPR	C	0.04%	0.05%	0.04%
	TROW	D	0.1%	0.14%	0.1%
	TRV	A	0.2%	0.29%	0.2%
	TSN	C	0.07%	0.1%	0.07%
	TXN	D	0.67%	1.07%	0.67%
	UGI	B	0.02%	0.03%	0.02%
	UNM	B	0.05%	0.06%	0.05%
	UNP	B	0.32%	0.87%	0.32%
	UPS	D	0.39%	0.55%	0.39%
	USB	C	0.29%	0.35%	0.29%
	VAC	F	0.01%	0.02%	0.01%
	VFC	C	0.02%	0.03%	0.02%
	VIRT	B	0.01%	0.01%	0.01%
	VLO	F	0.22%	0.3%	0.22%
	VOYA	A	0.03%	0.04%	0.03%
	VTRS	C	0.06%	0.08%	0.06%
	VZ	A	0.7%	0.99%	0.7%
	WAL	B	0.04%	0.05%	0.04%
	WBA	F	0.03%	0.05%	0.03%
	WBS	D	0.03%	0.05%	0.03%
	WEC	B	0.11%	0.16%	0.11%
	WEN	C	0.01%	0.02%	0.01%
	WFC	F	0.85%	1.2%	0.85%
	WH	B	0.02%	0.03%	0.02%
	WHR	D	0.02%	0.03%	0.02%
	WMB	A	0.21%	0.3%	0.21%
	WMT	B	1.22%	1.72%	1.22%
	WRB	C	0.07%	0.1%	0.07%
	WSM	C	0.03%	0.11%	0.03%
	WSO	C	0.07%	0.1%	0.07%
	WTRG	D	0.04%	0.06%	0.04%
	WU	F	0.01%	0.02%	0.01%
	XEL	B	0.13%	0.19%	0.13%
	XOM	D	2.18%	3.08%	2.18%
	XP	D	0.03%	0.04%	0.03%
	YUM	B	0.09%	0.22%	0.09%
	ZION	D	0.03%	0.04%	0.03%

VONV Overweight 509 Positions Relative to VYM

	Symbol	Grade	Weight
	BRK.A	C	3.29%
	UNH	C	2.02%
	TMO	B	0.96%
	LIN	B	0.89%
	ACN	C	0.85%
	DHR	B	0.75%
	DIS	D	0.71%
	SPGI	A	0.62%
	GE	A	0.6%
	MU	F	0.5%
	PLD	B	0.48%
	BSX	B	0.44%
	ELV	B	0.43%
	REGN	C	0.42%
	MMC	A	0.39%
	DE	B	0.39%
	BA	F	0.38%
	AXP	B	0.37%
	SCHW	D	0.36%
	TMUS	A	0.36%
	ICE	B	0.35%
	SYK	B	0.34%
	AMD	D	0.32%
	BDX	D	0.29%
	EQIX	B	0.29%
	PH	B	0.29%
	NOC	B	0.28%
	CSX	D	0.28%
	PYPL	B	0.28%
	FCX	D	0.27%
	WELL	B	0.27%
	VRTX	C	0.26%
	AON	B	0.26%
	ROP	B	0.24%
	KKR	B	0.24%
	TDG	B	0.23%
	AJG	A	0.23%
	COF	D	0.23%
	MRVL	C	0.22%
	HCA	A	0.22%
	DHI	B	0.22%
	MAR	D	0.22%
	GM	C	0.21%
	CEG	C	0.21%
	TJX	B	0.21%
	CCI	B	0.2%
	DLR	A	0.2%
	GEV	B	0.2%
	O	B	0.2%
	TT	A	0.2%
	CARR	A	0.19%
	MCK	F	0.19%
	LEN	B	0.18%
	HUM	F	0.18%
	EA	C	0.17%
	IR	D	0.17%
	CNC	C	0.17%
	A	C	0.17%
	URI	C	0.16%
	OTIS	C	0.16%
	MRNA	F	0.16%
	OXY	F	0.16%
	PCG	B	0.16%
	NUE	D	0.16%
	STZ	C	0.16%
	CTVA	B	0.16%
	IQV	C	0.16%
	PSA	A	0.16%
	RSG	B	0.16%
	AME	D	0.16%
	KVUE	B	0.15%
	CHTR	D	0.15%
	ROST	C	0.15%
	HWM	B	0.15%
	CRM	D	0.15%
	SPG	B	0.15%
	CTSH	B	0.15%
	EXR	A	0.14%
	ON	D	0.14%
	MLM	D	0.14%
	NKE	D	0.14%
	MSI	B	0.14%
	CBRE	B	0.14%
	ACGL	A	0.14%
	BIIB	F	0.13%
	CSGP	D	0.13%
	APH	D	0.13%
	MTD	D	0.13%
	XYL	D	0.13%
	VICI	B	0.13%
	GEHC	C	0.13%
	WAB	B	0.12%
	WTW	B	0.12%
	AVB	B	0.12%
	EW	D	0.12%
	HLT	B	0.11%
	GPN	C	0.11%
	EQR	B	0.11%
	DG	F	0.11%
	PWR	C	0.11%
	VMC	D	0.11%
	ANSS	D	0.11%
	EFX	B	0.11%
	PHM	B	0.11%
	DAL	C	0.11%
	NDAQ	B	0.11%
	STE	B	0.1%
	SBAC	B	0.1%
	MSTR	D	0.1%
	DELL	D	0.1%
	CHD	B	0.1%
	RCL	B	0.1%
	KEYS	C	0.1%
	FCNCA	D	0.1%
	TTWO	D	0.1%
	DOV	B	0.1%
	FTV	C	0.1%
	NVR	B	0.1%
	WBD	D	0.09%
	DLTR	F	0.09%
	INVH	B	0.09%
	WDC	D	0.09%
	RJF	C	0.09%
	VTR	B	0.09%
	RMD	B	0.09%
	ZBH	D	0.09%
	FSLR	D	0.09%
	WY	C	0.09%
	HOLX	B	0.08%
	APTV	F	0.08%
	CBOE	B	0.08%
	LDOS	B	0.08%
	ILMN	C	0.08%
	TDY	B	0.08%
	STLD	F	0.08%
	SQ	D	0.08%
	BALL	C	0.08%
	ARE	B	0.08%
	LNG	C	0.08%
	BMRN	F	0.07%
	MKL	C	0.07%
	OC	C	0.07%
	MAA	A	0.07%
	TRU	A	0.07%
	CCL	C	0.07%
	MAS	B	0.07%
	CSL	C	0.07%
	MSCI	C	0.07%
	TXT	D	0.07%
	ESS	A	0.07%
	AVTR	B	0.07%
	J	D	0.07%
	BLDR	C	0.07%
	RIVN	F	0.06%
	HOOD	C	0.06%
	UTHR	C	0.06%
	BLD	D	0.06%
	ZBRA	C	0.06%
	NDSN	C	0.06%
	GGG	C	0.06%
	AMAT	D	0.06%
	KIM	B	0.06%
	JBHT	D	0.06%
	ZTS	B	0.06%
	VLTO	B	0.06%
	L	C	0.06%
	PNR	A	0.06%
	THC	B	0.06%
	CDW	D	0.06%
	RBA	B	0.06%
	EXPD	D	0.06%
	AKAM	D	0.06%
	TOL	B	0.06%
	UAL	C	0.06%
	ZM	C	0.06%
	HES	F	0.06%
	AMCR	B	0.06%
	VRSN	D	0.06%
	DOC	B	0.06%
	SUI	B	0.06%
	SSNC	A	0.06%
	IEX	D	0.06%
	EPAM	D	0.05%
	BXP	A	0.05%
	CW	B	0.05%
	INCY	C	0.05%
	SCI	A	0.05%
	CPT	B	0.05%
	SW	B	0.05%
	QRVO	F	0.05%
	BJ	D	0.05%
	ITT	C	0.05%
	CASY	C	0.05%
	FFIV	A	0.05%
	ALLE	A	0.05%
	RNR	B	0.05%
	JBL	D	0.05%
	AMH	B	0.05%
	HST	D	0.05%
	ACM	B	0.05%
	CLH	B	0.05%
	KMX	D	0.05%
	UHS	B	0.05%
	REG	B	0.05%
	IBKR	B	0.05%
	JKHY	A	0.05%
	USFD	A	0.05%
	CRL	D	0.05%
	WPC	B	0.05%
	FTI	D	0.05%
	ELS	B	0.05%
	TECH	D	0.05%
	IRM	A	0.05%
	GLPI	B	0.05%
	UDR	B	0.05%
	TRMB	C	0.05%
	BRO	B	0.05%
	MHK	B	0.04%
	CZR	D	0.04%
	GL	C	0.04%
	APG	D	0.04%
	NYT	C	0.04%
	PRI	B	0.04%
	WST	F	0.04%
	NTNX	C	0.04%
	TTEK	B	0.04%
	EGP	B	0.04%
	OHI	B	0.04%
	ARMK	B	0.04%
	SNX	D	0.04%
	DCI	D	0.04%
	PFGC	B	0.04%
	RGLD	B	0.04%
	CVNA	B	0.04%
	X	D	0.04%
	GPK	A	0.04%
	HSIC	D	0.04%
	EHC	B	0.04%
	FRT	B	0.04%
	COHR	C	0.04%
	WWD	D	0.04%
	DPZ	D	0.04%
	ATR	A	0.04%
	QGEN	B	0.04%
	TTC	D	0.04%
	MTCH	C	0.04%
	FDS	C	0.04%
	CACI	B	0.04%
	AOS	D	0.04%
	CCK	A	0.04%
	TFX	B	0.04%
	NWSA	D	0.04%
	MGM	D	0.04%
	EME	A	0.04%
	CUBE	A	0.04%
	RRX	C	0.04%
	CTLT	B	0.04%
	AVY	B	0.04%
	REXR	C	0.04%
	ALB	D	0.04%
	GME	F	0.03%
	KD	D	0.03%
	ROKU	C	0.03%
	DAR	F	0.03%
	SAIC	B	0.03%
	ELAN	D	0.03%
	AFRM	C	0.03%
	AAL	D	0.03%
	LFUS	D	0.03%
	BIO	C	0.03%
	FND	C	0.03%
	SOFI	C	0.03%
	CROX	C	0.03%
	GXO	D	0.03%
	MAT	C	0.03%
	ARW	C	0.03%
	MTDR	F	0.03%
	BRBR	C	0.03%
	GWRE	A	0.03%
	JAZZ	D	0.03%
	COKE	C	0.03%
	FTNT	B	0.03%
	LSTR	D	0.03%
	ADC	B	0.03%
	SEIC	C	0.03%
	MTZ	B	0.03%
	AGNC	A	0.03%
	WEX	C	0.03%
	ONTO	D	0.03%
	MSA	D	0.03%
	CRUS	D	0.03%
	WTFC	C	0.03%
	SWN	D	0.03%
	COIN	F	0.03%
	KEX	C	0.03%
	GNTX	F	0.03%
	FYBR	C	0.03%
	ALGN	D	0.03%
	BWXT	D	0.03%
	MIDD	D	0.03%
	FR	B	0.03%
	PNFP	B	0.03%
	WMS	D	0.03%
	MOH	C	0.03%
	SHW	A	0.03%
	SSD	C	0.03%
	STAG	B	0.03%
	TKO	B	0.03%
	LAD	C	0.03%
	ECL	A	0.03%
	CIEN	C	0.03%
	CHE	C	0.03%
	WCC	D	0.03%
	BRX	B	0.03%
	FCN	C	0.03%
	BKNG	B	0.03%
	WAT	C	0.03%
	ALSN	B	0.03%
	AYI	B	0.03%
	MNST	C	0.03%
	LAMR	A	0.03%
	WYNN	D	0.03%
	AXTA	C	0.03%
	CR	C	0.03%
	TW	A	0.03%
	DAY	C	0.03%
	MKSI	F	0.03%
	RGEN	F	0.03%
	OKTA	F	0.03%
	SKX	C	0.03%
	GMED	D	0.03%
	CGNX	D	0.03%
	KBR	D	0.03%
	BWA	F	0.03%
	NNN	B	0.03%
	SOLV	C	0.03%
	LECO	D	0.03%
	JLL	B	0.03%
	NOV	F	0.03%
	MKTX	C	0.03%
	TWLO	D	0.03%
	RBC	D	0.03%
	PTC	D	0.03%
	AA	D	0.03%
	ATI	D	0.03%
	AR	D	0.03%
	COLD	D	0.03%
	KNX	C	0.03%
	LSXMK	D	0.02%
	AMKR	D	0.02%
	DXC	C	0.02%
	SPR	D	0.02%
	NEU	C	0.02%
	AWI	C	0.02%
	CPRI	D	0.02%
	GTES	C	0.02%
	BILL	D	0.02%
	FRPT	B	0.02%
	UHAL	B	0.02%
	COTY	D	0.02%
	IAC	C	0.02%
	SN	B	0.02%
	DBX	D	0.02%
	SITE	D	0.02%
	CUZ	B	0.02%
	PSN	B	0.02%
	BYD	C	0.02%
	ZG	B	0.02%
	SLGN	B	0.02%
	KRC	C	0.02%
	S	C	0.02%
	EEFT	F	0.02%
	WTM	D	0.02%
	RYN	C	0.02%
	SAIA	D	0.02%
	DLB	D	0.02%
	GNRC	D	0.02%
	AZO	C	0.02%
	ALK	C	0.02%
	ASH	D	0.02%
	CLF	F	0.02%
	DASH	C	0.02%
	AN	D	0.02%
	WLK	D	0.02%
	GFS	F	0.02%
	W	D	0.02%
	EXAS	C	0.02%
	ORLY	B	0.02%
	OLED	C	0.02%
	VNO	A	0.02%
	WSC	D	0.02%
	POST	C	0.02%
	THO	C	0.02%
	SRCL	A	0.02%
	OLN	D	0.02%
	HXL	F	0.02%
	H	D	0.02%
	GWW	B	0.02%
	XRAY	D	0.02%
	TKR	D	0.02%
	MTSI	D	0.02%
	ESAB	C	0.02%
	Z	B	0.02%
	ST	F	0.02%
	PVH	D	0.02%
	LW	D	0.02%
	BFAM	B	0.02%
	FICO	A	0.02%
	ACHC	C	0.02%
	STWD	B	0.02%
	LBRDK	D	0.02%
	AMG	C	0.02%
	VMI	D	0.02%
	OLLI	C	0.02%
	ESI	D	0.02%
	VNT	D	0.02%
	G	B	0.02%
	DDS	D	0.01%
	AMC	D	0.01%
	SNDR	B	0.01%
	DV	F	0.01%
	LYFT	D	0.01%
	UAA	C	0.01%
	INFA	D	0.01%
	PPC	D	0.01%
	VSTS	D	0.01%
	SHC	B	0.01%
	MP	D	0.01%
	LEN	B	0.01%
	TER	D	0.01%
	TRIP	F	0.01%
	ALGM	D	0.01%
	CERT	F	0.01%
	GO	F	0.01%
	LPX	B	0.01%
	AZEK	C	0.01%
	SAM	F	0.01%
	GLOB	D	0.01%
	RCM	C	0.01%
	HAYW	D	0.01%
	BROS	D	0.01%
	BR	B	0.01%
	MASI	D	0.01%
	FTRE	F	0.01%
	PSTG	D	0.01%
	RKT	B	0.01%
	EXP	A	0.01%
	QS	F	0.01%
	IPGP	F	0.01%
	HHH	C	0.01%
	BIRK	D	0.01%
	ULTA	D	0.01%
	WOLF	F	0.01%
	YETI	D	0.01%
	ENOV	F	0.01%
	BRKR	D	0.01%
	ETSY	F	0.01%
	U	D	0.01%
	COLM	B	0.01%
	CLVT	D	0.01%
	MPW	B	0.01%
	PLNT	B	0.01%
	NVST	D	0.01%
	PENN	D	0.01%
	CNM	F	0.01%
	NSA	A	0.01%
	LOPE	D	0.01%
	DOCS	B	0.01%
	BHF	F	0.01%
	PK	F	0.01%
	CPRT	F	0.01%
	AMED	D	0.01%
	PAYC	D	0.01%
	LCID	C	0.01%
	HIW	A	0.01%
	NWS	D	0.01%
	CNXC	D	0.01%
	CTAS	B	0.01%
	ALNY	C	0.01%
	EPR	B	0.01%
	AZTA	D	0.01%
	MSGS	B	0.01%
	LITE	C	0.01%
	RH	C	0.01%
	ZI	D	0.01%
	TYL	B	0.01%
	UHAL	B	0.0%
	UWMC	C	0.0%
	UI	B	0.0%
	IONS	F	0.0%
	LBRDA	D	0.0%
	PLTK	D	0.0%
	CHH	C	0.0%
	NFE	F	0.0%
	DJT	F	0.0%
	PATH	D	0.0%
	TFSL	C	0.0%
	SIRI	C	0.0%
	HCP	A	0.0%
	TXG	D	0.0%
	FIVE	D	0.0%
	PYCR	D	0.0%
	SEB	C	0.0%
	LSCC	D	0.0%
	NCNO	F	0.0%
	CAR	F	0.0%
	CNA	C	0.0%
	UA	C	0.0%
	EXEL	A	0.0%

VONV Underweight 162 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	C	-4.23%
	MRK	D	-1.66%
	BX	A	-0.59%
	WM	D	-0.47%
	NXPI	F	-0.39%
	TRGP	B	-0.17%
	ARES	C	-0.16%
	VST	C	-0.16%
	STX	D	-0.12%
	CCEP	B	-0.09%
	EQH	C	-0.08%
	BAP	B	-0.07%
	CLX	B	-0.07%
	SCCO	D	-0.05%
	ONB	C	-0.04%
	ESNT	B	-0.04%
	JXN	B	-0.04%
	CRS	B	-0.04%
	ALV	F	-0.04%
	SSB	B	-0.04%
	PTEN	F	-0.03%
	SWX	C	-0.03%
	UMBF	B	-0.03%
	NJR	A	-0.03%
	MGY	D	-0.03%
	PIPR	B	-0.03%
	HWC	D	-0.03%
	POR	A	-0.03%
	MC	B	-0.03%
	GATX	C	-0.03%
	FFIN	C	-0.03%
	GBCI	C	-0.03%
	UBSI	C	-0.03%
	HOMB	C	-0.03%
	CBT	B	-0.03%
	RDN	C	-0.03%
	BCPC	C	-0.03%
	CADE	C	-0.03%
	MUR	F	-0.03%
	JJSF	D	-0.02%
	HNI	C	-0.02%
	SLVM	B	-0.02%
	SFNC	B	-0.02%
	TRN	C	-0.02%
	IGT	D	-0.02%
	BOH	C	-0.02%
	MGRC	F	-0.02%
	INDB	C	-0.02%
	APAM	C	-0.02%
	RRR	F	-0.02%
	TGNA	C	-0.02%
	BTU	D	-0.02%
	BKU	C	-0.02%
	LCII	C	-0.02%
	CALM	B	-0.02%
	AVA	B	-0.02%
	AWR	B	-0.02%
	CATY	C	-0.02%
	CCOI	C	-0.02%
	CWT	A	-0.02%
	VSH	F	-0.02%
	HI	F	-0.02%
	MGEE	A	-0.02%
	EBC	B	-0.02%
	AROC	D	-0.02%
	SHOO	B	-0.02%
	CBU	C	-0.02%
	SXT	D	-0.02%
	NWE	A	-0.02%
	GLNG	D	-0.02%
	ASB	D	-0.02%
	WD	B	-0.02%
	FULT	D	-0.02%
	ABM	D	-0.02%
	FBP	D	-0.02%
	STNG	D	-0.02%
	CRC	C	-0.02%
	VLY	C	-0.02%
	IBOC	C	-0.02%
	SR	A	-0.02%
	AUB	C	-0.02%
	ALE	B	-0.02%
	NSP	F	-0.02%
	UCBI	B	-0.02%
	LANC	D	-0.02%
	PNM	B	-0.02%
	CNO	B	-0.02%
	KFY	B	-0.02%
	HP	F	-0.02%
	KTB	A	-0.02%
	OGS	A	-0.02%
	OTTR	D	-0.02%
	BKH	A	-0.02%
	SFBS	B	-0.02%
	AVNT	B	-0.02%
	PBF	F	-0.02%
	SEM	D	-0.02%
	NOG	F	-0.02%
	AY	C	-0.01%
	DK	F	-0.01%
	HOPE	C	-0.01%
	APOG	C	-0.01%
	HTH	C	-0.01%
	VRTS	D	-0.01%
	GBX	C	-0.01%
	NWN	B	-0.01%
	OXM	D	-0.01%
	SYBT	C	-0.01%
	MCY	C	-0.01%
	WOR	F	-0.01%
	DAN	F	-0.01%
	BLMN	F	-0.01%
	HEES	D	-0.01%
	STBA	C	-0.01%
	BHE	C	-0.01%
	GEF	D	-0.01%
	WLY	C	-0.01%
	NMRK	B	-0.01%
	NTB	C	-0.01%
	WGO	D	-0.01%
	CHCO	B	-0.01%
	NWBI	C	-0.01%
	FCF	C	-0.01%
	WSBC	C	-0.01%
	VGR	C	-0.01%
	CAKE	D	-0.01%
	B	D	-0.01%
	YOU	B	-0.01%
	RNST	D	-0.01%
	LZB	C	-0.01%
	SJW	C	-0.01%
	TROX	F	-0.01%
	PHIN	C	-0.01%
	PDCO	D	-0.01%
	BANR	B	-0.01%
	TNC	D	-0.01%
	KMT	B	-0.01%
	TDS	B	-0.01%
	TRMK	C	-0.01%
	IBTX	B	-0.01%
	BANF	B	-0.01%
	MLKN	D	-0.01%
	ENR	D	-0.01%
	SBLK	D	-0.01%
	NBTB	D	-0.01%
	HTLF	B	-0.01%
	STRA	D	-0.01%
	CABO	F	-0.01%
	PFS	C	-0.01%
	TOWN	B	-0.01%
	SBCF	C	-0.01%
	CNS	A	-0.01%
	FRME	D	-0.01%
	WAFD	B	-0.01%
	FIBK	C	-0.01%
	CVBF	C	-0.01%
	PRK	C	-0.01%
	ARCH	D	-0.01%
	PPBI	D	-0.01%
	FFBC	C	-0.01%
	CPK	A	-0.01%
	NOMD	B	-0.01%

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Software - Application Asset Management Semiconductors Business Services Specialty Retail Biotechnology Capital Markets Packaged Foods Specialty Chemicals Diagnostics & Research 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 Plastic Beverage

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P Packaged Foods Utilities - Diversified Insurance - Property & Casualty Diversified Industrials Utilities - Regulated Gas Semiconductors Specialty Chemicals Capital Markets Chemicals Drug Manufacturers - Major Insurance - Life Packaging & Containers Restaurants Banks - Global Credit Services Household & Personal Products

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