VV vs. QVML ETF Comparison

Comparison of Vanguard Large-Cap ETF - DNQ (VV) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

VV

Vanguard Large-Cap ETF - DNQ

VV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. market capitalization. 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

$272.91

Average Daily Volume

211,989

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.09

Average Daily Volume

1,389

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

Performance

Period	VV	QVML
30 Days	2.56%	2.14%
60 Days	6.13%	5.74%
90 Days	7.70%	7.09%
12 Months	34.23%	34.34%

389 Overlapping Holdings

	Symbol	Grade	Weight in VV	Weight in QVML	Overlap
	A	F	0.09%	0.09%	0.09%
	AAPL	C	6.93%	7.06%	6.93%
	ABBV	F	0.72%	0.75%	0.72%
	ABNB	C	0.1%	0.14%	0.1%
	ABT	C	0.41%	0.41%	0.41%
	ACGL	C	0.08%	0.08%	0.08%
	ACN	B	0.46%	0.46%	0.46%
	ADBE	C	0.47%	0.46%	0.46%
	ADI	D	0.24%	0.25%	0.24%
	ADM	F	0.06%	0.06%	0.06%
	ADP	A	0.23%	0.26%	0.23%
	ADSK	B	0.12%	0.14%	0.12%
	AEE	B	0.05%	0.05%	0.05%
	AEP	D	0.11%	0.1%	0.1%
	AFL	C	0.13%	0.12%	0.12%
	AIG	B	0.1%	0.11%	0.1%
	AJG	A	0.13%	0.13%	0.13%
	AKAM	F	0.03%	0.04%	0.03%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	B	0.1%	0.11%	0.1%
	AMAT	F	0.34%	0.36%	0.34%
	AMD	F	0.55%	0.5%	0.5%
	AME	A	0.08%	0.09%	0.08%
	AMP	A	0.09%	0.12%	0.09%
	AMZN	A	3.62%	3.9%	3.62%
	ANET	C	0.2%	0.24%	0.2%
	ANSS	B	0.06%	0.07%	0.06%
	AON	B	0.15%	0.17%	0.15%
	APH	B	0.16%	0.2%	0.16%
	APTV	F	0.04%	0.03%	0.03%
	ARE	F	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.07%	0.07%
	AVGO	C	1.65%	1.73%	1.65%
	AVY	F	0.04%	0.04%	0.04%
	AWK	D	0.06%	0.05%	0.05%
	AXP	B	0.28%	0.35%	0.28%
	AZO	B	0.11%	0.12%	0.11%
	BAC	A	0.57%	0.67%	0.57%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.04%	0.04%	0.04%
	BBY	C	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.14%	0.14%
	BEN	C	0.01%	0.01%	0.01%
	BK	B	0.11%	0.12%	0.11%
	BKNG	A	0.29%	0.36%	0.29%
	BKR	B	0.07%	0.1%	0.07%
	BR	A	0.05%	0.06%	0.05%
	BRK.A	B	0.07%	1.83%	0.07%
	BRK.A	B	1.66%	1.83%	1.66%
	BRO	B	0.05%	0.06%	0.05%
	BSX	A	0.25%	0.26%	0.25%
	BX	A	0.23%	0.26%	0.23%
	C	B	0.23%	0.3%	0.23%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	C	0.14%	0.13%	0.13%
	CAT	B	0.39%	0.44%	0.39%
	CB	C	0.23%	0.24%	0.23%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCL	B	0.04%	0.05%	0.04%
	CDNS	B	0.15%	0.17%	0.15%
	CDW	F	0.06%	0.06%	0.06%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.17%	0.17%	0.17%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.05%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHTR	B	0.06%	0.09%	0.06%
	CI	D	0.2%	0.19%	0.19%
	CINF	A	0.04%	0.05%	0.04%
	CL	F	0.17%	0.16%	0.16%
	CMCSA	B	0.33%	0.37%	0.33%
	CME	B	0.16%	0.17%	0.16%
	CMG	B	0.16%	0.17%	0.16%
	CMI	A	0.09%	0.11%	0.09%
	CMS	D	0.04%	0.04%	0.04%
	CNC	F	0.08%	0.07%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.11%	0.16%	0.11%
	COP	C	0.25%	0.31%	0.25%
	COR	B	0.08%	0.09%	0.08%
	COST	B	0.81%	0.84%	0.81%
	CPAY	A	0.04%	0.05%	0.04%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	A	0.09%	0.11%	0.09%
	CRM	B	0.52%	0.64%	0.52%
	CRWD	B	0.13%	0.17%	0.13%
	CSCO	A	0.4%	0.51%	0.4%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	B	0.14%	0.15%	0.14%
	CTAS	B	0.15%	0.16%	0.15%
	CTRA	B	0.03%	0.04%	0.03%
	CTSH	A	0.08%	0.09%	0.08%
	CTVA	C	0.08%	0.09%	0.08%
	CVS	F	0.16%	0.15%	0.15%
	CVX	A	0.53%	0.6%	0.53%
	D	D	0.1%	0.1%	0.1%
	DAL	A	0.07%	0.08%	0.07%
	DD	D	0.07%	0.08%	0.07%
	DE	D	0.22%	0.22%	0.22%
	DFS	B	0.07%	0.1%	0.07%
	DG	F	0.04%	0.04%	0.04%
	DGX	B	0.04%	0.04%	0.04%
	DHI	D	0.12%	0.11%	0.11%
	DHR	F	0.37%	0.34%	0.34%
	DIS	B	0.36%	0.39%	0.36%
	DLR	C	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.02%	0.03%	0.02%
	DOV	A	0.05%	0.06%	0.05%
	DOW	F	0.08%	0.08%	0.08%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.18%	0.18%	0.18%
	DVN	F	0.05%	0.06%	0.05%
	EA	A	0.08%	0.09%	0.08%
	EBAY	C	0.07%	0.06%	0.06%
	ECL	C	0.13%	0.13%	0.13%
	ED	D	0.07%	0.07%	0.07%
	EFX	F	0.07%	0.07%	0.07%
	EG	D	0.03%	0.03%	0.03%
	EIX	C	0.07%	0.07%	0.07%
	ELV	F	0.25%	0.21%	0.21%
	EMR	A	0.13%	0.16%	0.13%
	EOG	A	0.14%	0.17%	0.14%
	EQR	C	0.06%	0.05%	0.05%
	EQT	B	0.02%	0.05%	0.02%
	ES	D	0.05%	0.04%	0.04%
	ESS	C	0.04%	0.04%	0.04%
	ETN	B	0.27%	0.31%	0.27%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.01%	0.03%	0.01%
	EW	F	0.08%	0.09%	0.08%
	EXC	C	0.08%	0.08%	0.08%
	EXPD	C	0.04%	0.04%	0.04%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	D	0.08%	0.07%	0.07%
	F	C	0.08%	0.1%	0.08%
	FANG	C	0.07%	0.08%	0.07%
	FAST	B	0.08%	0.1%	0.08%
	FCX	F	0.15%	0.16%	0.15%
	FDS	A	0.04%	0.04%	0.04%
	FDX	B	0.12%	0.14%	0.12%
	FE	D	0.05%	0.04%	0.04%
	FI	A	0.21%	0.26%	0.21%
	FIS	B	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.07%	0.06%
	FOXA	A	0.02%	0.03%	0.02%
	FSLR	F	0.05%	0.04%	0.04%
	FTNT	B	0.1%	0.11%	0.1%
	FTV	C	0.06%	0.06%	0.06%
	GD	C	0.15%	0.15%	0.15%
	GDDY	B	0.05%	0.06%	0.05%
	GE	D	0.4%	0.43%	0.4%
	GEHC	D	0.08%	0.08%	0.08%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.14%	0.19%	0.14%
	GILD	B	0.21%	0.25%	0.21%
	GIS	F	0.08%	0.08%	0.08%
	GLW	B	0.07%	0.08%	0.07%
	GM	B	0.1%	0.15%	0.1%
	GOOG	C	1.63%	4.43%	1.63%
	GPC	D	0.04%	0.04%	0.04%
	GPN	B	0.05%	0.06%	0.05%
	GRMN	A	0.06%	0.07%	0.06%
	GS	B	0.32%	0.43%	0.32%
	GWW	B	0.09%	0.11%	0.09%
	HAL	C	0.05%	0.06%	0.05%
	HBAN	A	0.04%	0.06%	0.04%
	HCA	D	0.15%	0.15%	0.15%
	HD	B	0.83%	0.82%	0.82%
	HES	B	0.08%	0.09%	0.08%
	HIG	C	0.07%	0.07%	0.07%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.28%	0.3%	0.28%
	HPE	B	0.05%	0.07%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSY	F	0.06%	0.05%	0.05%
	HUBB	C	0.02%	0.05%	0.02%
	HUM	D	0.08%	0.08%	0.08%
	HWM	B	0.08%	0.09%	0.08%
	IBM	D	0.42%	0.4%	0.4%
	ICE	C	0.19%	0.19%	0.19%
	IDXX	F	0.09%	0.07%	0.07%
	IFF	F	0.06%	0.05%	0.05%
	INCY	B	0.01%	0.03%	0.01%
	INTC	C	0.19%	0.26%	0.19%
	INTU	A	0.34%	0.39%	0.34%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.03%	0.04%	0.03%
	IQV	F	0.08%	0.09%	0.08%
	IR	A	0.08%	0.09%	0.08%
	ISRG	A	0.36%	0.39%	0.36%
	IT	B	0.08%	0.09%	0.08%
	ITW	B	0.15%	0.16%	0.15%
	J	D	0.03%	0.04%	0.03%
	JBHT	C	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.12%	0.11%
	JNJ	D	0.8%	0.8%	0.8%
	JPM	A	1.23%	1.54%	1.23%
	K	A	0.05%	0.04%	0.04%
	KDP	C	0.08%	0.07%	0.07%
	KEY	B	0.03%	0.04%	0.03%
	KEYS	C	0.06%	0.06%	0.06%
	KHC	F	0.06%	0.05%	0.05%
	KKR	B	0.18%	0.22%	0.18%
	KLAC	F	0.21%	0.21%	0.21%
	KMB	D	0.1%	0.09%	0.09%
	KMI	B	0.09%	0.11%	0.09%
	KO	F	0.57%	0.53%	0.53%
	KR	A	0.08%	0.09%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.02%	0.06%	0.02%
	LEN	D	0.09%	0.09%	0.09%
	LEN	D	0.0%	0.09%	0.0%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.09%	0.11%	0.09%
	LIN	D	0.47%	0.48%	0.47%
	LLY	F	1.56%	1.39%	1.39%
	LMT	D	0.29%	0.25%	0.25%
	LNT	C	0.03%	0.03%	0.03%
	LULU	B	0.06%	0.08%	0.06%
	LUV	B	0.04%	0.04%	0.04%
	LYB	F	0.05%	0.05%	0.05%
	MA	B	0.84%	0.88%	0.84%
	MAA	C	0.04%	0.04%	0.04%
	MAS	D	0.04%	0.04%	0.04%
	MCHP	F	0.09%	0.09%	0.09%
	MCK	B	0.13%	0.18%	0.13%
	MCO	C	0.15%	0.16%	0.15%
	MDLZ	F	0.2%	0.18%	0.18%
	MDT	D	0.24%	0.24%	0.24%
	MET	C	0.1%	0.1%	0.1%
	META	B	2.57%	2.77%	2.57%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.07%	0.08%	0.07%
	MMC	D	0.23%	0.23%	0.23%
	MMM	C	0.15%	0.16%	0.15%
	MNST	B	0.07%	0.08%	0.07%
	MO	A	0.18%	0.19%	0.18%
	MOH	F	0.04%	0.04%	0.04%
	MPC	D	0.11%	0.13%	0.11%
	MPWR	F	0.09%	0.08%	0.08%
	MRK	F	0.59%	0.55%	0.55%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	B	0.03%	0.04%	0.03%
	MS	A	0.26%	0.36%	0.26%
	MSFT	C	6.58%	6.53%	6.53%
	MSI	B	0.15%	0.17%	0.15%
	MTB	A	0.06%	0.08%	0.06%
	MU	D	0.24%	0.28%	0.24%
	NDAQ	B	0.07%	0.07%	0.07%
	NEE	D	0.36%	0.31%	0.31%
	NFLX	A	0.63%	0.74%	0.63%
	NI	A	0.02%	0.03%	0.02%
	NKE	F	0.22%	0.2%	0.2%
	NOC	D	0.16%	0.15%	0.15%
	NOW	A	0.38%	0.42%	0.38%
	NSC	B	0.12%	0.13%	0.12%
	NTAP	D	0.05%	0.06%	0.05%
	NTRS	A	0.04%	0.05%	0.04%
	NUE	D	0.07%	0.09%	0.07%
	NVDA	A	5.84%	7.83%	5.84%
	NVR	D	0.06%	0.06%	0.06%
	NWSA	B	0.02%	0.03%	0.02%
	O	D	0.11%	0.1%	0.1%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.11%	0.13%	0.11%
	OMC	A	0.04%	0.04%	0.04%
	ON	F	0.06%	0.07%	0.06%
	OXY	F	0.07%	0.08%	0.07%
	PANW	B	0.23%	0.28%	0.23%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	B	0.11%	0.13%	0.11%
	PCG	A	0.09%	0.09%	0.09%
	PEG	C	0.09%	0.09%	0.09%
	PEP	D	0.48%	0.46%	0.46%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.84%	0.8%	0.8%
	PGR	A	0.31%	0.32%	0.31%
	PH	A	0.17%	0.19%	0.17%
	PHM	D	0.06%	0.06%	0.06%
	PKG	B	0.04%	0.05%	0.04%
	PLD	D	0.24%	0.22%	0.22%
	PM	B	0.39%	0.4%	0.39%
	PNC	B	0.15%	0.18%	0.15%
	POOL	D	0.01%	0.03%	0.01%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.1%	0.09%
	PSA	D	0.12%	0.11%	0.11%
	PSX	C	0.11%	0.13%	0.11%
	PWR	B	0.09%	0.1%	0.09%
	PYPL	A	0.16%	0.19%	0.16%
	QCOM	F	0.39%	0.43%	0.39%
	RCL	A	0.08%	0.11%	0.08%
	REGN	F	0.23%	0.19%	0.19%
	RF	A	0.04%	0.05%	0.04%
	RJF	A	0.05%	0.06%	0.05%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.06%	0.07%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.13%	0.12%
	ROST	D	0.1%	0.1%	0.1%
	RSG	B	0.08%	0.09%	0.08%
	RTX	D	0.33%	0.35%	0.33%
	RVTY	C	0.03%	0.03%	0.03%
	SCHW	B	0.2%	0.23%	0.2%
	SHW	A	0.18%	0.19%	0.18%
	SLB	C	0.12%	0.14%	0.12%
	SMCI	F	0.04%	0.03%	0.03%
	SNA	A	0.03%	0.04%	0.03%
	SNPS	C	0.16%	0.2%	0.16%
	SO	D	0.2%	0.19%	0.19%
	SPG	A	0.11%	0.12%	0.11%
	SPGI	C	0.34%	0.33%	0.33%
	SRE	B	0.11%	0.12%	0.11%
	STE	D	0.05%	0.04%	0.04%
	STLD	C	0.02%	0.05%	0.02%
	STT	B	0.05%	0.06%	0.05%
	STZ	D	0.09%	0.08%	0.08%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.04%	0.06%	0.04%
	SYK	A	0.26%	0.26%	0.26%
	SYY	D	0.08%	0.08%	0.08%
	T	A	0.32%	0.31%	0.31%
	TDY	B	0.04%	0.05%	0.04%
	TER	F	0.05%	0.04%	0.04%
	TFC	B	0.12%	0.14%	0.12%
	TGT	C	0.15%	0.15%	0.15%
	TJX	A	0.27%	0.28%	0.27%
	TMO	F	0.49%	0.44%	0.44%
	TMUS	A	0.2%	0.25%	0.2%
	TRGP	B	0.03%	0.09%	0.03%
	TROW	A	0.05%	0.06%	0.05%
	TRV	B	0.11%	0.12%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSN	B	0.04%	0.04%	0.04%
	TT	B	0.18%	0.19%	0.18%
	TTWO	A	0.05%	0.06%	0.05%
	TXN	B	0.39%	0.44%	0.39%
	TXT	D	0.03%	0.04%	0.03%
	TYL	B	0.05%	0.06%	0.05%
	UAL	A	0.04%	0.05%	0.04%
	UBER	F	0.31%	0.33%	0.31%
	UDR	C	0.02%	0.03%	0.02%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.11%	1.17%	1.11%
	UNP	D	0.31%	0.32%	0.31%
	UPS	C	0.21%	0.2%	0.2%
	URI	B	0.11%	0.13%	0.11%
	USB	B	0.15%	0.17%	0.15%
	V	A	0.87%	0.98%	0.87%
	VICI	D	0.07%	0.07%	0.07%
	VLO	C	0.08%	0.1%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.07%	0.08%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRTX	B	0.25%	0.28%	0.25%
	VST	B	0.08%	0.1%	0.08%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	D	0.35%	0.34%	0.34%
	WAB	B	0.07%	0.08%	0.07%
	WAT	B	0.04%	0.05%	0.04%
	WBA	D	0.01%	0.01%	0.01%
	WBD	B	0.04%	0.05%	0.04%
	WDC	D	0.05%	0.05%	0.05%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.16%	0.16%	0.16%
	WFC	A	0.4%	0.55%	0.4%
	WM	A	0.17%	0.17%	0.17%
	WMB	B	0.11%	0.15%	0.11%
	WMT	A	0.74%	0.73%	0.73%
	WRB	B	0.03%	0.04%	0.03%
	WST	B	0.04%	0.05%	0.04%
	WTW	A	0.06%	0.07%	0.06%
	WY	F	0.05%	0.05%	0.05%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.07%	1.22%	1.07%
	XYL	F	0.07%	0.07%	0.07%
	ZBH	C	0.05%	0.05%	0.05%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.16%	0.16%	0.16%

VV Overweight 95 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	C	2.0%
	TSLA	B	1.46%
	ORCL	A	0.58%
	MCD	C	0.45%
	AMGN	F	0.36%
	PFE	F	0.34%
	LOW	B	0.32%
	BLK	A	0.27%
	SBUX	B	0.23%
	BMY	B	0.22%
	AMT	F	0.22%
	BA	F	0.19%
	EQIX	B	0.17%
	PLTR	B	0.16%
	TDG	D	0.16%
	APD	B	0.14%
	ORLY	A	0.14%
	NEM	F	0.13%
	MRVL	B	0.13%
	MAR	A	0.12%
	HLT	A	0.12%
	CCI	F	0.11%
	WDAY	B	0.11%
	DASH	A	0.1%
	TTD	B	0.1%
	APO	B	0.1%
	OTIS	D	0.09%
	MSCI	B	0.09%
	FICO	B	0.09%
	WCN	A	0.09%
	SQ	B	0.08%
	LNG	B	0.08%
	YUM	B	0.08%
	MTD	F	0.07%
	DELL	C	0.07%
	DDOG	B	0.07%
	COIN	B	0.07%
	SNOW	C	0.07%
	IRM	D	0.07%
	ALNY	D	0.07%
	VRT	B	0.07%
	DXCM	C	0.06%
	ARES	B	0.06%
	BIIB	F	0.06%
	VEEV	B	0.06%
	EL	F	0.05%
	STX	D	0.05%
	NET	B	0.05%
	RBLX	B	0.05%
	TEAM	B	0.05%
	SBAC	D	0.05%
	HUBS	B	0.05%
	LPLA	A	0.04%
	LYV	A	0.04%
	LVS	C	0.04%
	MDB	C	0.04%
	MKL	A	0.04%
	PINS	F	0.04%
	CLX	A	0.04%
	TRU	D	0.04%
	ILMN	C	0.04%
	BMRN	F	0.03%
	WPC	F	0.03%
	TW	B	0.03%
	IBKR	A	0.03%
	ENPH	F	0.03%
	APP	B	0.03%
	MSTR	B	0.03%
	DPZ	C	0.03%
	TRMB	B	0.03%
	HEI	A	0.03%
	SSNC	C	0.03%
	ZS	B	0.03%
	VRSN	C	0.03%
	FNF	C	0.03%
	ZM	B	0.03%
	AVTR	F	0.03%
	BURL	C	0.03%
	SUI	F	0.03%
	BSY	F	0.02%
	PODD	B	0.02%
	TPL	B	0.02%
	CVNA	B	0.02%
	HEI	A	0.02%
	RPRX	F	0.02%
	SNAP	C	0.02%
	OKTA	C	0.02%
	RKT	F	0.01%
	AGR	C	0.01%
	WLK	F	0.01%
	NWS	B	0.01%
	WMG	B	0.01%
	FOX	A	0.01%
	ALB	C	0.01%
	CRBG	C	0.01%

VV Underweight 59 Positions Relative to QVML

	Symbol	Grade	Weight
	LRCX	F	-0.23%
	NXPI	F	-0.14%
	AXON	B	-0.07%
	DECK	B	-0.06%
	SW	B	-0.06%
	BLDR	C	-0.05%
	PTC	B	-0.05%
	PNR	A	-0.04%
	JBL	C	-0.04%
	IEX	B	-0.04%
	ATO	B	-0.04%
	NRG	C	-0.04%
	IPG	F	-0.03%
	GNRC	B	-0.03%
	REG	A	-0.03%
	DAY	B	-0.03%
	EMN	D	-0.03%
	ALLE	D	-0.03%
	JNPR	D	-0.03%
	BG	D	-0.03%
	UHS	D	-0.03%
	JKHY	C	-0.03%
	CPT	C	-0.03%
	EPAM	B	-0.03%
	HST	D	-0.03%
	CHRW	A	-0.03%
	KMX	B	-0.03%
	FFIV	B	-0.03%
	AMCR	D	-0.03%
	KIM	A	-0.03%
	QRVO	F	-0.02%
	DVA	C	-0.02%
	MHK	D	-0.02%
	FMC	F	-0.02%
	FRT	B	-0.02%
	HII	F	-0.02%
	RL	B	-0.02%
	IVZ	B	-0.02%
	BWA	B	-0.02%
	CZR	F	-0.02%
	TFX	F	-0.02%
	GL	B	-0.02%
	APA	F	-0.02%
	HSIC	F	-0.02%
	AOS	F	-0.02%
	MKTX	C	-0.02%
	SOLV	C	-0.02%
	PNW	A	-0.02%
	TAP	B	-0.02%
	MOS	D	-0.02%
	PAYC	B	-0.02%
	LKQ	C	-0.02%
	CRL	C	-0.02%
	AIZ	A	-0.02%
	NCLH	B	-0.02%
	LW	B	-0.02%
	TPR	A	-0.02%
	BXP	D	-0.02%
	PARA	B	-0.01%

VV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diversified Industrials Asset Management Diagnostics & Research Semiconductors Capital Markets Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Specialty Chemicals Specialty Retail Aerospace & Defense Insurance - Property & Casualty Medical Devices Software - Infrastructure Biotechnology Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electricity Dow Jones Component Electronics Medicine Bank Chemical Telecommunications Aerospace Banking Cloud Computing Insurance Products Real Estate Investment Trust Semiconductor Mobile Devices Work From Home

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Business Services Diagnostics & Research Oil & Gas E&P Asset Management Banks - Regional - US Capital Markets Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Dow Jones Component Electronics Aerospace Real Estate Investment Trust Bank Chemical Banking Medicine Semiconductor Telecommunications Insurance Products Petroleum Industry Investment Bank Mobile Devices