GVUS vs. IQSU ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to IQ Candriam ESG US Equity ETF (IQSU)

GVUS

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

GVUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization value segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$50.87

Average Daily Volume

35,490

Number of Holdings ^*

836

* may have additional holdings in another (foreign) market

IQSU

IQ Candriam ESG US Equity ETF

IQSU Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the IQ Candriam ESG US Equity Index. The Advisor employs a passive management - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

Grade (RS Rating)

Last Trade

$49.60

Average Daily Volume

10,845

Number of Holdings ^*

281

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	IQSU
30 Days	2.39%	4.52%
60 Days	4.06%	4.59%
90 Days	5.58%	6.02%
12 Months		24.96%

237 Overlapping Holdings

	Symbol	Grade	Weight in GVUS	Weight in IQSU	Overlap
	ACGL	D	0.14%	0.13%	0.13%
	ACN	C	0.86%	0.94%	0.86%
	ADI	D	0.4%	0.42%	0.4%
	ADM	D	0.1%	0.1%	0.1%
	ADP	B	0.04%	0.48%	0.04%
	AFL	B	0.24%	0.22%	0.22%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.19%	0.19%	0.19%
	AJG	B	0.23%	0.25%	0.23%
	AKAM	D	0.05%	0.05%	0.05%
	ALL	A	0.17%	0.2%	0.17%
	ALNY	D	0.01%	0.12%	0.01%
	AMAT	F	0.04%	0.55%	0.04%
	AMD	F	0.29%	0.86%	0.29%
	AMP	A	0.02%	0.22%	0.02%
	ANSS	B	0.11%	0.12%	0.11%
	APD	A	0.27%	0.28%	0.27%
	APO	B	0.08%	0.26%	0.08%
	APTV	D	0.06%	0.06%	0.06%
	ARE	D	0.07%	0.06%	0.06%
	AVB	B	0.13%	0.13%	0.13%
	AVTR	F	0.05%	0.05%	0.05%
	AWK	D	0.1%	0.11%	0.1%
	AXP	A	0.39%	0.65%	0.39%
	AZO	C	0.02%	0.2%	0.02%
	BAC	A	1.23%	1.23%	1.23%
	BALL	D	0.07%	0.07%	0.07%
	BBY	D	0.08%	0.07%	0.07%
	BIIB	F	0.09%	0.09%	0.09%
	BK	A	0.22%	0.23%	0.22%
	BKR	B	0.17%	0.18%	0.17%
	BMRN	D	0.05%	0.05%	0.05%
	BMY	B	0.44%	0.46%	0.44%
	BR	A	0.01%	0.1%	0.01%
	C	A	0.51%	0.5%	0.5%
	CAG	D	0.05%	0.05%	0.05%
	CAH	B	0.05%	0.11%	0.05%
	CARR	D	0.24%	0.23%	0.23%
	CBOE	B	0.08%	0.09%	0.08%
	CBRE	B	0.16%	0.16%	0.16%
	CCI	D	0.18%	0.18%	0.18%
	CDW	F	0.05%	0.09%	0.05%
	CFG	B	0.08%	0.08%	0.08%
	CHD	B	0.1%	0.11%	0.1%
	CHTR	C	0.14%	0.15%	0.14%
	CI	F	0.32%	0.36%	0.32%
	CL	D	0.13%	0.31%	0.13%
	CMCSA	B	0.64%	0.65%	0.64%
	CME	A	0.32%	0.32%	0.32%
	COF	B	0.27%	0.27%	0.27%
	CPB	D	0.03%	0.03%	0.03%
	CRM	B	0.18%	1.2%	0.18%
	CSCO	B	0.91%	0.91%	0.91%
	CTAS	B	0.01%	0.3%	0.01%
	CTSH	B	0.15%	0.15%	0.15%
	DASH	A	0.03%	0.22%	0.03%
	DD	D	0.13%	0.12%	0.12%
	DELL	C	0.12%	0.14%	0.12%
	DFS	B	0.17%	0.17%	0.17%
	DG	F	0.06%	0.06%	0.06%
	DGX	A	0.07%	0.07%	0.07%
	DIS	B	0.82%	0.82%	0.82%
	DLR	B	0.23%	0.24%	0.23%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	D	0.06%	0.06%	0.06%
	DOV	A	0.11%	0.11%	0.11%
	DOX	D	0.04%	0.04%	0.04%
	EA	A	0.17%	0.16%	0.16%
	EBAY	D	0.12%	0.12%	0.12%
	ECL	D	0.03%	0.24%	0.03%
	ED	D	0.13%	0.13%	0.13%
	EFX	F	0.09%	0.12%	0.09%
	EG	C	0.05%	0.06%	0.05%
	EL	F	0.04%	0.05%	0.04%
	ELV	F	0.31%	0.37%	0.31%
	EMR	A	0.28%	0.29%	0.28%
	EQIX	A	0.31%	0.34%	0.31%
	EQR	B	0.11%	0.1%	0.1%
	ES	D	0.08%	0.08%	0.08%
	ESS	B	0.08%	0.07%	0.07%
	EW	C	0.13%	0.16%	0.13%
	EXC	C	0.15%	0.15%	0.15%
	EXPD	D	0.06%	0.07%	0.06%
	EXR	D	0.13%	0.14%	0.13%
	FAST	B	0.03%	0.18%	0.03%
	FCX	D	0.24%	0.24%	0.24%
	FDX	B	0.26%	0.26%	0.26%
	FI	A	0.32%	0.5%	0.32%
	FICO	B	0.03%	0.22%	0.03%
	FIS	C	0.19%	0.19%	0.19%
	FITB	A	0.12%	0.12%	0.12%
	FTNT	C	0.04%	0.22%	0.04%
	FTV	C	0.1%	0.1%	0.1%
	GE	D	0.59%	0.76%	0.59%
	GEN	B	0.06%	0.06%	0.06%
	GILD	C	0.43%	0.43%	0.43%
	GIS	D	0.14%	0.14%	0.14%
	GLW	B	0.14%	0.14%	0.14%
	GPN	B	0.11%	0.12%	0.11%
	GWW	B	0.03%	0.18%	0.03%
	HAL	C	0.1%	0.11%	0.1%
	HBAN	A	0.1%	0.1%	0.1%
	HD	A	0.32%	1.56%	0.32%
	HIG	B	0.13%	0.14%	0.13%
	HLT	A	0.12%	0.24%	0.12%
	HOLX	D	0.07%	0.07%	0.07%
	HPE	B	0.11%	0.11%	0.11%
	HPQ	B	0.11%	0.14%	0.11%
	HRL	D	0.03%	0.03%	0.03%
	HSY	F	0.08%	0.1%	0.08%
	HUM	C	0.13%	0.14%	0.13%
	IBM	C	0.73%	0.77%	0.73%
	ICE	C	0.34%	0.35%	0.34%
	IFF	D	0.09%	0.09%	0.09%
	INCY	C	0.04%	0.05%	0.04%
	INTC	D	0.4%	0.4%	0.4%
	INVH	D	0.08%	0.08%	0.08%
	IR	B	0.16%	0.16%	0.16%
	IRM	D	0.06%	0.13%	0.06%
	ITW	B	0.19%	0.32%	0.19%
	JBHT	C	0.06%	0.06%	0.06%
	JCI	C	0.22%	0.22%	0.22%
	K	A	0.08%	0.08%	0.08%
	KDP	D	0.14%	0.13%	0.13%
	KEY	B	0.07%	0.07%	0.07%
	KEYS	A	0.1%	0.11%	0.1%
	KHC	F	0.11%	0.1%	0.1%
	KKR	A	0.28%	0.4%	0.28%
	KMB	D	0.1%	0.18%	0.1%
	KMI	A	0.21%	0.22%	0.21%
	KR	B	0.15%	0.15%	0.15%
	KVUE	A	0.18%	0.18%	0.18%
	LH	C	0.08%	0.08%	0.08%
	LIN	D	0.84%	0.85%	0.84%
	LNG	B	0.09%	0.2%	0.09%
	LOW	D	0.6%	0.59%	0.59%
	LYB	F	0.08%	0.08%	0.08%
	MAA	B	0.07%	0.07%	0.07%
	MAR	B	0.25%	0.27%	0.25%
	MAS	D	0.07%	0.07%	0.07%
	MDLZ	F	0.34%	0.34%	0.34%
	MET	A	0.19%	0.19%	0.19%
	MKC	D	0.07%	0.08%	0.07%
	MLM	B	0.13%	0.14%	0.13%
	MMC	B	0.37%	0.43%	0.37%
	MMM	D	0.23%	0.28%	0.23%
	MPC	D	0.22%	0.22%	0.22%
	MRVL	B	0.27%	0.3%	0.27%
	MS	A	0.57%	0.65%	0.57%
	MSCI	C	0.08%	0.18%	0.08%
	MSI	B	0.16%	0.32%	0.16%
	MTB	A	0.14%	0.14%	0.14%
	MTD	D	0.1%	0.1%	0.1%
	MU	D	0.41%	0.43%	0.41%
	NDAQ	A	0.13%	0.12%	0.12%
	NEE	D	0.61%	0.61%	0.61%
	NEM	D	0.18%	0.19%	0.18%
	NKE	D	0.14%	0.35%	0.14%
	NTAP	C	0.05%	0.1%	0.05%
	NTRS	A	0.08%	0.09%	0.08%
	NUE	C	0.14%	0.14%	0.14%
	NVR	D	0.1%	0.11%	0.1%
	OKE	A	0.25%	0.26%	0.25%
	OKTA	C	0.02%	0.05%	0.02%
	OMC	C	0.07%	0.08%	0.07%
	ON	D	0.11%	0.11%	0.11%
	OTIS	C	0.16%	0.16%	0.16%
	PAYX	C	0.11%	0.18%	0.11%
	PCG	A	0.18%	0.18%	0.18%
	PEG	A	0.17%	0.18%	0.17%
	PEP	F	0.18%	0.86%	0.18%
	PFG	D	0.08%	0.08%	0.08%
	PG	A	1.21%	1.58%	1.21%
	PGR	A	0.09%	0.59%	0.09%
	PH	A	0.35%	0.35%	0.35%
	PKG	A	0.08%	0.08%	0.08%
	PLD	D	0.41%	0.41%	0.41%
	PNC	B	0.32%	0.32%	0.32%
	PPG	F	0.11%	0.11%	0.11%
	PRU	A	0.18%	0.18%	0.18%
	PSA	D	0.17%	0.21%	0.17%
	PWR	A	0.13%	0.19%	0.13%
	PYPL	B	0.34%	0.35%	0.34%
	QCOM	F	0.04%	0.67%	0.04%
	RCL	A	0.14%	0.2%	0.14%
	RF	A	0.09%	0.09%	0.09%
	RJF	A	0.12%	0.12%	0.12%
	RMD	C	0.1%	0.14%	0.1%
	ROK	B	0.12%	0.13%	0.12%
	ROP	B	0.23%	0.23%	0.23%
	RPRX	D	0.04%	0.04%	0.04%
	SBAC	D	0.09%	0.09%	0.09%
	SBUX	A	0.1%	0.43%	0.1%
	SHW	A	0.03%	0.35%	0.03%
	SLB	C	0.24%	0.24%	0.24%
	SPG	B	0.17%	0.23%	0.17%
	SPGI	C	0.61%	0.62%	0.61%
	SRE	A	0.23%	0.23%	0.23%
	SSNC	B	0.06%	0.06%	0.06%
	STE	F	0.08%	0.08%	0.08%
	SWKS	F	0.05%	0.05%	0.05%
	SYF	B	0.1%	0.1%	0.1%
	SYY	B	0.06%	0.15%	0.06%
	TER	D	0.01%	0.06%	0.01%
	TFC	A	0.24%	0.24%	0.24%
	TGT	F	0.27%	0.22%	0.22%
	TJX	A	0.22%	0.54%	0.22%
	TRMB	B	0.07%	0.07%	0.07%
	TRU	D	0.07%	0.07%	0.07%
	TRV	B	0.23%	0.23%	0.23%
	TT	A	0.24%	0.37%	0.24%
	TTWO	A	0.12%	0.12%	0.12%
	TXN	C	0.63%	0.7%	0.63%
	ULTA	F	0.01%	0.07%	0.01%
	UNH	C	1.98%	2.17%	1.98%
	UPS	C	0.38%	0.38%	0.38%
	URI	B	0.17%	0.21%	0.17%
	USB	A	0.3%	0.29%	0.29%
	VLO	C	0.17%	0.18%	0.17%
	VMC	B	0.11%	0.14%	0.11%
	VRSN	F	0.06%	0.06%	0.06%
	VRTX	F	0.23%	0.46%	0.23%
	VTR	C	0.1%	0.1%	0.1%
	WAB	B	0.13%	0.14%	0.13%
	WAT	B	0.03%	0.08%	0.03%
	WBD	C	0.09%	0.09%	0.09%
	WDC	D	0.08%	0.08%	0.08%
	WELL	A	0.32%	0.32%	0.32%
	WMB	A	0.27%	0.28%	0.27%
	WST	C	0.03%	0.09%	0.03%
	WTW	B	0.12%	0.13%	0.12%
	WY	D	0.09%	0.09%	0.09%
	XYL	D	0.11%	0.11%	0.11%
	YUM	B	0.09%	0.15%	0.09%
	ZBH	C	0.09%	0.09%	0.09%
	ZBRA	B	0.06%	0.08%	0.06%
	ZTS	D	0.05%	0.32%	0.05%

GVUS Overweight 599 Positions Relative to IQSU

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	JPM	A	2.73%
	XOM	B	2.08%
	JNJ	D	1.44%
	WMT	A	1.42%
	CVX	A	1.08%
	WFC	A	1.01%
	PM	B	0.78%
	ABT	B	0.78%
	MCD	D	0.77%
	TMO	F	0.76%
	VZ	C	0.68%
	ABBV	D	0.65%
	CAT	B	0.63%
	T	A	0.63%
	RTX	C	0.61%
	BLK	C	0.6%
	DHR	F	0.58%
	ETN	A	0.56%
	PFE	D	0.55%
	GS	A	0.53%
	COP	C	0.51%
	BSX	B	0.5%
	HON	B	0.49%
	CB	C	0.45%
	MDT	D	0.44%
	TMUS	B	0.44%
	SCHW	B	0.42%
	KO	D	0.4%
	SYK	C	0.39%
	DE	A	0.39%
	MO	A	0.37%
	SO	D	0.37%
	GEV	B	0.35%
	DUK	C	0.34%
	GD	F	0.31%
	BA	F	0.31%
	EOG	A	0.3%
	LMT	D	0.3%
	AON	A	0.29%
	UNP	C	0.29%
	REGN	F	0.28%
	CSX	B	0.27%
	CVS	D	0.26%
	NOC	D	0.26%
	GM	B	0.25%
	BDX	F	0.25%
	NSC	B	0.23%
	CEG	D	0.23%
	PCAR	B	0.22%
	TDG	D	0.21%
	PSX	C	0.21%
	AEP	D	0.2%
	DHI	D	0.19%
	D	C	0.19%
	O	D	0.19%
	HCA	F	0.19%
	CMI	A	0.19%
	MSTR	C	0.19%
	LHX	C	0.18%
	RSG	A	0.17%
	HWM	A	0.17%
	F	C	0.17%
	AME	A	0.17%
	MCK	B	0.17%
	LEN	D	0.16%
	DAL	C	0.16%
	STZ	D	0.15%
	CTVA	C	0.15%
	XEL	A	0.15%
	APH	A	0.14%
	ROST	C	0.14%
	A	D	0.14%
	GEHC	F	0.13%
	VICI	C	0.13%
	FANG	D	0.13%
	MCHP	D	0.13%
	OXY	D	0.13%
	AMGN	D	0.13%
	UAL	A	0.12%
	CNC	D	0.12%
	IQV	D	0.12%
	WEC	A	0.12%
	DOW	F	0.12%
	ETR	B	0.12%
	GRMN	B	0.12%
	EIX	B	0.12%
	SQ	B	0.11%
	STT	A	0.11%
	CSGP	D	0.11%
	DTE	C	0.1%
	PPL	B	0.1%
	TROW	B	0.1%
	PHM	D	0.1%
	SW	A	0.1%
	FCNCA	A	0.1%
	CINF	A	0.09%
	HUBB	B	0.09%
	EQT	B	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	CCL	B	0.09%
	AEE	A	0.09%
	LUV	C	0.08%
	CNP	B	0.08%
	IP	B	0.08%
	CMS	C	0.08%
	FSLR	F	0.08%
	STLD	B	0.08%
	ZM	B	0.08%
	HOOD	B	0.08%
	ILMN	D	0.08%
	TDY	B	0.08%
	LDOS	C	0.08%
	ATO	A	0.08%
	OC	A	0.07%
	RBA	A	0.07%
	GPC	D	0.07%
	IEX	B	0.07%
	J	F	0.07%
	PNR	A	0.07%
	CSL	C	0.07%
	WRB	A	0.07%
	RS	B	0.07%
	WSO	A	0.07%
	TSN	B	0.07%
	SNA	A	0.07%
	IBKR	A	0.07%
	CTRA	B	0.07%
	BLDR	D	0.07%
	EVRG	A	0.06%
	EWBC	A	0.06%
	HES	B	0.06%
	NDSN	B	0.06%
	ACM	A	0.06%
	UDR	B	0.06%
	AMCR	D	0.06%
	THC	D	0.06%
	USFD	A	0.06%
	BRO	B	0.06%
	MKL	A	0.06%
	GGG	B	0.06%
	L	A	0.06%
	RGA	A	0.06%
	VTRS	A	0.06%
	SUI	D	0.06%
	LNT	A	0.06%
	FNF	B	0.06%
	TXT	D	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	UTHR	C	0.06%
	MRO	B	0.06%
	BAX	D	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	CVNA	B	0.06%
	Z	A	0.05%
	UHS	D	0.05%
	JNPR	F	0.05%
	OVV	B	0.05%
	SOFI	A	0.05%
	FDS	B	0.05%
	EMN	D	0.05%
	MRNA	F	0.05%
	SCI	B	0.05%
	NVT	B	0.05%
	NTNX	A	0.05%
	FTI	A	0.05%
	ALB	C	0.05%
	HST	C	0.05%
	ALLE	D	0.05%
	WPC	D	0.05%
	EPAM	C	0.05%
	CLH	B	0.05%
	CPT	B	0.05%
	BXP	D	0.05%
	ITT	A	0.05%
	JKHY	D	0.05%
	CASY	A	0.05%
	CHRW	C	0.05%
	AMH	D	0.05%
	BG	F	0.05%
	AFRM	B	0.05%
	COHR	B	0.05%
	GLPI	C	0.05%
	JBL	B	0.05%
	SWK	D	0.05%
	TPR	B	0.05%
	ELS	C	0.05%
	RPM	A	0.05%
	RVTY	F	0.05%
	UNM	A	0.05%
	TWLO	A	0.05%
	RNR	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	FFIV	B	0.05%
	EME	C	0.05%
	VLTO	D	0.05%
	TFX	F	0.04%
	TW	A	0.04%
	WCC	B	0.04%
	GMED	A	0.04%
	QGEN	D	0.04%
	CMA	A	0.04%
	REXR	F	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	RGLD	C	0.04%
	FRT	B	0.04%
	SOLV	C	0.04%
	INGR	B	0.04%
	BRBR	A	0.04%
	DRI	B	0.04%
	PNFP	B	0.04%
	ORI	A	0.04%
	AYI	B	0.04%
	CNH	C	0.04%
	JEF	A	0.04%
	GL	B	0.04%
	CIEN	B	0.04%
	MKTX	D	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	COIN	C	0.04%
	DPZ	C	0.04%
	CRL	C	0.04%
	EHC	B	0.04%
	DTM	B	0.04%
	AVY	D	0.04%
	DAY	B	0.04%
	OHI	C	0.04%
	AES	F	0.04%
	GME	C	0.04%
	ARMK	B	0.04%
	LAD	A	0.04%
	AFG	A	0.04%
	BLD	D	0.04%
	WWD	B	0.04%
	LKQ	D	0.04%
	IPG	D	0.04%
	BKNG	A	0.04%
	WBS	A	0.04%
	PNW	B	0.04%
	DKS	C	0.04%
	ALSN	B	0.04%
	PRI	A	0.04%
	CACI	D	0.04%
	FOXA	B	0.04%
	TECH	D	0.04%
	CCK	C	0.04%
	CTLT	B	0.04%
	EVR	B	0.04%
	CUBE	D	0.04%
	PFGC	B	0.04%
	NWSA	B	0.04%
	TAP	C	0.04%
	AA	B	0.04%
	SJM	D	0.04%
	CG	A	0.04%
	ATR	B	0.04%
	FHN	A	0.04%
	RRX	B	0.04%
	NRG	B	0.04%
	SF	B	0.04%
	KMX	B	0.04%
	AIZ	A	0.04%
	BJ	A	0.04%
	COLB	A	0.03%
	CGNX	C	0.03%
	IVZ	B	0.03%
	FAF	A	0.03%
	KBR	F	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	ALGN	D	0.03%
	STAG	F	0.03%
	AGNC	D	0.03%
	MKSI	C	0.03%
	MTG	C	0.03%
	HRB	D	0.03%
	VMI	B	0.03%
	ALK	C	0.03%
	AXS	A	0.03%
	WEX	D	0.03%
	WSM	B	0.03%
	RLI	B	0.03%
	DAR	C	0.03%
	DINO	D	0.03%
	FMC	D	0.03%
	FND	C	0.03%
	MTSI	B	0.03%
	FCN	D	0.03%
	ELAN	D	0.03%
	GXO	B	0.03%
	SSD	D	0.03%
	ATI	D	0.03%
	FR	C	0.03%
	GNTX	C	0.03%
	COKE	C	0.03%
	ESAB	B	0.03%
	WH	B	0.03%
	VNO	B	0.03%
	VFC	C	0.03%
	BBWI	D	0.03%
	R	B	0.03%
	OSK	B	0.03%
	MIDD	C	0.03%
	PR	B	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	A	0.03%
	ROKU	D	0.03%
	JAZZ	B	0.03%
	MNST	C	0.03%
	KEX	C	0.03%
	MHK	D	0.03%
	SKX	D	0.03%
	RHI	B	0.03%
	CHE	D	0.03%
	ADC	B	0.03%
	HII	D	0.03%
	NNN	D	0.03%
	BERY	B	0.03%
	G	B	0.03%
	CRBG	B	0.03%
	FLS	B	0.03%
	RIVN	F	0.03%
	CHRD	D	0.03%
	MTCH	D	0.03%
	RRC	B	0.03%
	ACI	C	0.03%
	BWA	D	0.03%
	CZR	F	0.03%
	X	C	0.03%
	APG	B	0.03%
	RL	B	0.03%
	WTFC	A	0.03%
	APA	D	0.03%
	TKO	B	0.03%
	SEIC	B	0.03%
	SNV	B	0.03%
	CFR	B	0.03%
	LAMR	D	0.03%
	HLI	B	0.03%
	LECO	B	0.03%
	EGP	F	0.03%
	VOYA	B	0.03%
	NYT	C	0.03%
	MOS	F	0.03%
	TTC	D	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	ALLY	C	0.03%
	CBSH	A	0.03%
	JLL	D	0.03%
	OGE	B	0.03%
	FYBR	D	0.03%
	GWRE	A	0.03%
	GPK	C	0.03%
	WYNN	D	0.03%
	ZION	B	0.03%
	TTEK	F	0.03%
	BRX	A	0.03%
	AOS	F	0.03%
	MGM	D	0.03%
	SNX	C	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	HSIC	B	0.03%
	PTC	A	0.03%
	AR	B	0.03%
	RBC	A	0.03%
	AXTA	A	0.03%
	OGN	D	0.02%
	NWL	B	0.02%
	SITE	D	0.02%
	WTM	A	0.02%
	HOG	D	0.02%
	FLO	D	0.02%
	TPG	A	0.02%
	PAYC	B	0.02%
	DLB	B	0.02%
	AN	C	0.02%
	M	D	0.02%
	GTES	A	0.02%
	WLK	D	0.02%
	KMPR	B	0.02%
	GAP	C	0.02%
	AWI	A	0.02%
	EEFT	B	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	DBX	B	0.02%
	ST	F	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	AVT	C	0.02%
	FRPT	B	0.02%
	AGO	B	0.02%
	SON	D	0.02%
	HXL	D	0.02%
	SEE	C	0.02%
	OLN	D	0.02%
	BYD	C	0.02%
	TKR	D	0.02%
	AL	B	0.02%
	UGI	A	0.02%
	BFAM	D	0.02%
	OZK	B	0.02%
	POST	C	0.02%
	GNRC	B	0.02%
	BC	C	0.02%
	SLM	A	0.02%
	LFUS	F	0.02%
	SN	D	0.02%
	LEA	D	0.02%
	WMS	D	0.02%
	LITE	B	0.02%
	CRUS	D	0.02%
	EXAS	D	0.02%
	ORLY	B	0.02%
	RGEN	D	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	FOX	A	0.02%
	THO	B	0.02%
	JHG	A	0.02%
	H	B	0.02%
	ONTO	D	0.02%
	IDA	A	0.02%
	AGCO	D	0.02%
	SAIA	B	0.02%
	THG	A	0.02%
	PVH	C	0.02%
	FNB	A	0.02%
	XP	F	0.02%
	VNT	B	0.02%
	STWD	C	0.02%
	WHR	B	0.02%
	AMG	B	0.02%
	S	B	0.02%
	WBA	F	0.02%
	CE	F	0.02%
	BPOP	B	0.02%
	BIO	D	0.02%
	ARW	D	0.02%
	MTDR	B	0.02%
	COLD	D	0.02%
	BEN	C	0.02%
	ESI	A	0.02%
	LNC	B	0.02%
	NOV	C	0.02%
	SIRI	C	0.02%
	MOH	F	0.02%
	OMF	A	0.02%
	QRVO	F	0.02%
	KD	B	0.02%
	SAIC	F	0.02%
	MSA	D	0.02%
	MAT	D	0.02%
	PARA	C	0.02%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	D	0.01%
	QS	F	0.01%
	WEN	D	0.01%
	LEG	F	0.01%
	EXEL	B	0.01%
	CNXC	F	0.01%
	UA	C	0.01%
	LCID	F	0.01%
	CLVT	F	0.01%
	BIRK	D	0.01%
	SHC	F	0.01%
	ADTN	A	0.01%
	LEN	D	0.01%
	VSTS	C	0.01%
	RKT	F	0.01%
	CRI	D	0.01%
	PPC	C	0.01%
	AZEK	A	0.01%
	BRKR	D	0.01%
	PSTG	D	0.01%
	GO	C	0.01%
	KSS	F	0.01%
	ETSY	D	0.01%
	LYFT	C	0.01%
	MP	B	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	UAA	C	0.01%
	RCM	F	0.01%
	AAP	C	0.01%
	SAM	C	0.01%
	AZTA	D	0.01%
	YETI	C	0.01%
	PINC	B	0.01%
	ALGM	D	0.01%
	HHH	B	0.01%
	CPRI	F	0.01%
	LPX	B	0.01%
	CNM	D	0.01%
	CWEN	C	0.01%
	EXP	A	0.01%
	JWN	C	0.01%
	HAYW	B	0.01%
	ENOV	C	0.01%
	BOKF	B	0.01%
	MPW	F	0.01%
	SPB	C	0.01%
	BROS	B	0.01%
	CC	C	0.01%
	CXT	B	0.01%
	COTY	F	0.01%
	COLM	B	0.01%
	VIRT	B	0.01%
	AMKR	D	0.01%
	U	C	0.01%
	AMED	F	0.01%
	MAN	D	0.01%
	PAG	B	0.01%
	WU	D	0.01%
	PK	B	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	NSA	D	0.01%
	LOPE	B	0.01%
	SMG	D	0.01%
	VAC	B	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	MASI	A	0.01%
	ZG	A	0.01%
	EPR	D	0.01%
	CPRT	A	0.01%
	BHF	B	0.01%
	ACHC	F	0.01%
	ASH	D	0.01%
	AM	A	0.01%
	FHB	A	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	D	0.01%
	PII	D	0.01%
	HIW	D	0.01%
	NVST	B	0.01%
	W	F	0.01%
	NWS	B	0.01%
	NEU	C	0.01%
	OLED	D	0.01%
	PRGO	B	0.01%
	GFS	C	0.01%
	TNL	A	0.01%
	MSM	C	0.01%
	CIVI	D	0.01%
	MDU	D	0.01%
	TYL	B	0.01%
	MSGS	A	0.01%
	DNB	B	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	XRAY	F	0.01%
	RH	B	0.01%
	SEG	B	0.0%
	UWMC	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	CACC	D	0.0%
	DJT	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	PYCR	C	0.0%
	HCP	B	0.0%
	WOLF	F	0.0%
	CERT	F	0.0%
	LSCC	D	0.0%
	TFSL	A	0.0%
	FIVE	F	0.0%
	MTN	C	0.0%
	CAR	C	0.0%
	CNA	B	0.0%
	HAS	D	0.0%
	INFA	D	0.0%
	LBRDA	C	0.0%
	CWEN	C	0.0%
	DV	C	0.0%
	NCNO	B	0.0%

GVUS Underweight 44 Positions Relative to IQSU

	Symbol	Grade	Weight
	AAPL	C	-9.59%
	MSFT	F	-9.56%
	TSLA	B	-3.69%
	GOOGL	C	-2.84%
	GOOG	C	-2.55%
	V	A	-1.91%
	MA	C	-1.66%
	ADBE	C	-0.87%
	NOW	A	-0.82%
	INTU	C	-0.7%
	BX	A	-0.51%
	PANW	C	-0.49%
	AMT	D	-0.37%
	MELI	D	-0.36%
	LRCX	F	-0.36%
	WM	A	-0.35%
	KLAC	D	-0.33%
	CMG	B	-0.32%
	CDNS	B	-0.32%
	SNPS	B	-0.32%
	CRWD	B	-0.31%
	MCO	B	-0.3%
	ADSK	A	-0.26%
	ABNB	C	-0.23%
	WDAY	B	-0.21%
	SNOW	C	-0.16%
	VRSK	A	-0.16%
	TEAM	A	-0.15%
	IT	C	-0.15%
	IDXX	F	-0.14%
	HUBS	A	-0.13%
	LULU	C	-0.13%
	TSCO	D	-0.12%
	DXCM	D	-0.12%
	VEEV	C	-0.12%
	CPAY	A	-0.1%
	MPWR	F	-0.1%
	MDB	C	-0.08%
	CLX	B	-0.08%
	PINS	D	-0.07%
	ZS	C	-0.07%
	STX	D	-0.07%
	SNAP	C	-0.04%
	ENPH	F	-0.03%

GVUS: 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 Real Estate Investment Trust Chemical Computing Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Biotechnology Dow Jones Component Beverage Medicine

IQSU: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diversified Industrials Banks - Regional - US Semiconductors Credit Services Household & Personal Products Packaged Foods Software - Infrastructure Specialty Chemicals Asset Management Diagnostics & Research Specialty Retail Biotechnology Capital Markets Information Technology Services Internet Content & Information REIT - Residential Semiconductor Equipment & Materials Utilities - Regulated Electric

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