GVUS vs. JUST ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

$50.44

Average Daily Volume

35,490

Number of Holdings ^*

836

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.39

Average Daily Volume

16,491

Number of Holdings ^*

456

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	JUST
30 Days	2.39%	1.32%
60 Days	4.06%	4.13%
90 Days	5.58%	5.32%
12 Months		31.37%

395 Overlapping Holdings

	Symbol	Grade	Weight in GVUS	Weight in JUST	Overlap
	A	D	0.14%	0.08%	0.08%
	AA	A	0.04%	0.03%	0.03%
	AAL	B	0.03%	0.03%	0.03%
	ABBV	F	0.65%	0.67%	0.65%
	ABT	B	0.78%	0.45%	0.45%
	ACGL	C	0.14%	0.1%	0.1%
	ACM	B	0.06%	0.04%	0.04%
	ACN	B	0.86%	0.58%	0.58%
	ADI	D	0.4%	0.23%	0.23%
	ADM	D	0.1%	0.07%	0.07%
	ADP	A	0.04%	0.31%	0.04%
	AEE	A	0.09%	0.07%	0.07%
	AEP	C	0.2%	0.14%	0.14%
	AES	F	0.04%	0.03%	0.03%
	AFL	B	0.24%	0.18%	0.18%
	AFRM	A	0.05%	0.03%	0.03%
	AGCO	D	0.02%	0.01%	0.01%
	AGO	B	0.02%	0.01%	0.01%
	AGR	A	0.01%	0.01%	0.01%
	AIG	B	0.19%	0.14%	0.14%
	AIZ	A	0.04%	0.03%	0.03%
	AKAM	D	0.05%	0.03%	0.03%
	ALB	B	0.05%	0.03%	0.03%
	ALK	B	0.03%	0.02%	0.02%
	ALL	A	0.17%	0.15%	0.15%
	ALLY	C	0.03%	0.03%	0.03%
	ALNY	D	0.01%	0.07%	0.01%
	AMAT	F	0.04%	0.34%	0.04%
	AMD	F	0.29%	0.49%	0.29%
	AME	A	0.17%	0.11%	0.11%
	AMGN	F	0.13%	0.35%	0.13%
	AMP	A	0.02%	0.16%	0.02%
	ANSS	B	0.11%	0.07%	0.07%
	AON	A	0.29%	0.21%	0.21%
	APA	D	0.03%	0.02%	0.02%
	APD	A	0.27%	0.18%	0.18%
	APTV	F	0.06%	0.04%	0.04%
	ARMK	B	0.04%	0.02%	0.02%
	ATR	B	0.04%	0.03%	0.03%
	AVB	B	0.13%	0.11%	0.11%
	AVTR	F	0.05%	0.03%	0.03%
	AWI	A	0.02%	0.02%	0.02%
	AWK	C	0.1%	0.07%	0.07%
	AXP	A	0.39%	0.41%	0.39%
	AXS	A	0.03%	0.02%	0.02%
	AYI	B	0.04%	0.03%	0.03%
	AZEK	A	0.01%	0.02%	0.01%
	BA	F	0.31%	0.24%	0.24%
	BAC	A	1.23%	0.9%	0.9%
	BALL	F	0.07%	0.05%	0.05%
	BAX	F	0.06%	0.04%	0.04%
	BBWI	C	0.03%	0.02%	0.02%
	BBY	D	0.08%	0.05%	0.05%
	BDX	F	0.25%	0.15%	0.15%
	BERY	C	0.03%	0.02%	0.02%
	BG	D	0.05%	0.03%	0.03%
	BHF	C	0.01%	0.01%	0.01%
	BIIB	F	0.09%	0.05%	0.05%
	BK	A	0.22%	0.17%	0.17%
	BKNG	A	0.04%	0.45%	0.04%
	BKR	A	0.17%	0.1%	0.1%
	BLD	D	0.04%	0.03%	0.03%
	BLK	B	0.6%	0.45%	0.45%
	BMY	B	0.44%	0.27%	0.27%
	BR	A	0.01%	0.08%	0.01%
	BSX	A	0.5%	0.29%	0.29%
	BWA	D	0.03%	0.02%	0.02%
	BXP	C	0.05%	0.04%	0.04%
	C	A	0.51%	0.38%	0.38%
	CAH	B	0.05%	0.07%	0.05%
	CAR	C	0.0%	0.01%	0.0%
	CARR	C	0.24%	0.16%	0.16%
	CAT	B	0.63%	0.48%	0.48%
	CBOE	C	0.08%	0.06%	0.06%
	CBRE	B	0.16%	0.14%	0.14%
	CCI	C	0.18%	0.15%	0.15%
	CE	F	0.02%	0.02%	0.02%
	CEG	C	0.23%	0.2%	0.2%
	CF	A	0.06%	0.04%	0.04%
	CHRW	B	0.05%	0.03%	0.03%
	CHTR	C	0.14%	0.08%	0.08%
	CI	D	0.32%	0.2%	0.2%
	CIEN	C	0.04%	0.02%	0.02%
	CL	D	0.13%	0.19%	0.13%
	CLF	F	0.01%	0.01%	0.01%
	CMA	B	0.04%	0.03%	0.03%
	CMCSA	B	0.64%	0.37%	0.37%
	CME	B	0.32%	0.23%	0.23%
	CMI	A	0.19%	0.13%	0.13%
	CNC	D	0.12%	0.07%	0.07%
	CNH	C	0.04%	0.03%	0.03%
	CNP	A	0.08%	0.05%	0.05%
	COF	C	0.27%	0.17%	0.17%
	COLB	B	0.03%	0.02%	0.02%
	COP	C	0.51%	0.31%	0.31%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	B	0.01%	0.13%	0.01%
	CRM	B	0.18%	0.68%	0.18%
	CRUS	D	0.02%	0.01%	0.01%
	CSCO	B	0.91%	0.52%	0.52%
	CSGP	D	0.11%	0.1%	0.1%
	CSL	C	0.07%	0.05%	0.05%
	CSX	C	0.27%	0.18%	0.18%
	CTSH	B	0.15%	0.09%	0.09%
	CVS	D	0.26%	0.18%	0.18%
	CVX	A	1.08%	0.67%	0.67%
	D	C	0.19%	0.13%	0.13%
	DAL	B	0.16%	0.11%	0.11%
	DAY	B	0.04%	0.03%	0.03%
	DBX	B	0.02%	0.02%	0.02%
	DD	C	0.13%	0.09%	0.09%
	DE	B	0.39%	0.25%	0.25%
	DFS	B	0.17%	0.12%	0.12%
	DGX	A	0.07%	0.04%	0.04%
	DHR	F	0.58%	0.35%	0.35%
	DINO	D	0.03%	0.01%	0.01%
	DIS	B	0.82%	0.53%	0.53%
	DKS	D	0.04%	0.03%	0.03%
	DLR	B	0.23%	0.2%	0.2%
	DOW	F	0.12%	0.08%	0.08%
	DUK	C	0.34%	0.24%	0.24%
	DV	C	0.0%	0.01%	0.0%
	DVN	F	0.09%	0.06%	0.06%
	EA	A	0.17%	0.12%	0.12%
	EBAY	D	0.12%	0.08%	0.08%
	ECL	D	0.03%	0.16%	0.03%
	EIX	B	0.12%	0.09%	0.09%
	EL	F	0.04%	0.04%	0.04%
	ELV	F	0.31%	0.21%	0.21%
	EMN	C	0.05%	0.03%	0.03%
	EMR	B	0.28%	0.18%	0.18%
	EQIX	A	0.31%	0.29%	0.29%
	EQR	C	0.11%	0.09%	0.09%
	ES	C	0.08%	0.06%	0.06%
	ESS	B	0.08%	0.07%	0.07%
	ETN	A	0.56%	0.37%	0.37%
	ETR	B	0.12%	0.09%	0.09%
	ETSY	D	0.01%	0.02%	0.01%
	EW	C	0.13%	0.09%	0.09%
	EXC	C	0.15%	0.11%	0.11%
	EXEL	B	0.01%	0.02%	0.01%
	F	C	0.17%	0.11%	0.11%
	FBIN	D	0.04%	0.02%	0.02%
	FCN	F	0.03%	0.02%	0.02%
	FCX	F	0.24%	0.16%	0.16%
	FDX	B	0.26%	0.17%	0.17%
	FFIV	B	0.05%	0.03%	0.03%
	FHN	A	0.04%	0.03%	0.03%
	FI	A	0.32%	0.31%	0.31%
	FITB	B	0.12%	0.09%	0.09%
	FMC	D	0.03%	0.02%	0.02%
	FOX	A	0.02%	0.02%	0.02%
	FOXA	A	0.04%	0.03%	0.03%
	FSLR	F	0.08%	0.05%	0.05%
	FTNT	C	0.04%	0.13%	0.04%
	FTV	C	0.1%	0.07%	0.07%
	GAP	C	0.02%	0.01%	0.01%
	GE	D	0.59%	0.5%	0.5%
	GEN	B	0.06%	0.04%	0.04%
	GEV	B	0.35%	0.23%	0.23%
	GILD	C	0.43%	0.26%	0.26%
	GIS	D	0.14%	0.09%	0.09%
	GLW	B	0.14%	0.08%	0.08%
	GM	C	0.25%	0.17%	0.17%
	GPK	C	0.03%	0.02%	0.02%
	GRMN	B	0.12%	0.09%	0.09%
	GS	A	0.53%	0.54%	0.53%
	GWRE	A	0.03%	0.04%	0.03%
	H	B	0.02%	0.02%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.02%	0.0%
	HBAN	A	0.1%	0.07%	0.07%
	HCA	F	0.19%	0.15%	0.15%
	HD	B	0.32%	1.07%	0.32%
	HES	B	0.06%	0.1%	0.06%
	HIG	B	0.13%	0.1%	0.1%
	HLT	A	0.12%	0.16%	0.12%
	HOG	D	0.02%	0.01%	0.01%
	HOLX	D	0.07%	0.04%	0.04%
	HON	C	0.49%	0.38%	0.38%
	HPE	B	0.11%	0.06%	0.06%
	HPQ	B	0.11%	0.08%	0.08%
	HRB	D	0.03%	0.02%	0.02%
	HRL	D	0.03%	0.02%	0.02%
	HSIC	C	0.03%	0.02%	0.02%
	HSY	F	0.08%	0.07%	0.07%
	HUM	C	0.13%	0.08%	0.08%
	IBM	C	0.73%	0.42%	0.42%
	ICE	C	0.34%	0.25%	0.25%
	IEX	C	0.07%	0.05%	0.05%
	IFF	D	0.09%	0.06%	0.06%
	ILMN	C	0.08%	0.05%	0.05%
	INCY	C	0.04%	0.03%	0.03%
	INGR	C	0.04%	0.03%	0.03%
	INTC	C	0.4%	0.23%	0.23%
	IPG	D	0.04%	0.03%	0.03%
	IQV	F	0.12%	0.08%	0.08%
	IR	B	0.16%	0.11%	0.11%
	IRM	C	0.06%	0.11%	0.06%
	ITT	A	0.05%	0.03%	0.03%
	IVZ	B	0.03%	0.02%	0.02%
	J	D	0.07%	0.05%	0.05%
	JCI	B	0.22%	0.15%	0.15%
	JLL	D	0.03%	0.04%	0.03%
	JNPR	D	0.05%	0.03%	0.03%
	JPM	A	2.73%	2.01%	2.01%
	K	A	0.08%	0.06%	0.06%
	KBR	F	0.03%	0.02%	0.02%
	KDP	F	0.14%	0.1%	0.1%
	KEY	B	0.07%	0.05%	0.05%
	KEYS	A	0.1%	0.07%	0.07%
	KIM	A	0.06%	0.06%	0.06%
	KMB	C	0.1%	0.11%	0.1%
	KMI	A	0.21%	0.12%	0.12%
	KMX	B	0.04%	0.03%	0.03%
	KO	D	0.4%	0.62%	0.4%
	KSS	F	0.01%	0.01%	0.01%
	LDOS	C	0.08%	0.05%	0.05%
	LEA	F	0.02%	0.02%	0.02%
	LH	B	0.08%	0.05%	0.05%
	LHX	C	0.18%	0.12%	0.12%
	LIN	C	0.84%	0.57%	0.57%
	LITE	B	0.02%	0.01%	0.01%
	LMT	D	0.3%	0.29%	0.29%
	LNC	C	0.02%	0.02%	0.02%
	LNG	A	0.09%	0.11%	0.09%
	LOPE	C	0.01%	0.01%	0.01%
	LOW	C	0.6%	0.41%	0.41%
	LPX	B	0.01%	0.02%	0.01%
	LUV	C	0.08%	0.05%	0.05%
	LYB	F	0.08%	0.05%	0.05%
	M	F	0.02%	0.01%	0.01%
	MAR	A	0.25%	0.17%	0.17%
	MAS	D	0.07%	0.04%	0.04%
	MCK	A	0.17%	0.2%	0.17%
	MDLZ	F	0.34%	0.22%	0.22%
	MDT	D	0.44%	0.25%	0.25%
	MDU	D	0.01%	0.01%	0.01%
	MET	A	0.19%	0.14%	0.14%
	MGM	D	0.03%	0.02%	0.02%
	MKC	C	0.07%	0.05%	0.05%
	MKTX	D	0.04%	0.03%	0.03%
	MLM	C	0.13%	0.09%	0.09%
	MMC	B	0.37%	0.32%	0.32%
	MMM	D	0.23%	0.19%	0.19%
	MOS	F	0.03%	0.02%	0.02%
	MPC	D	0.22%	0.13%	0.13%
	MRNA	F	0.05%	0.03%	0.03%
	MRVL	B	0.27%	0.17%	0.17%
	MS	A	0.57%	0.45%	0.45%
	MSCI	C	0.08%	0.13%	0.08%
	MTB	A	0.14%	0.1%	0.1%
	MTCH	D	0.03%	0.02%	0.02%
	MTG	C	0.03%	0.02%	0.02%
	MU	D	0.41%	0.24%	0.24%
	NDAQ	A	0.13%	0.09%	0.09%
	NDSN	B	0.06%	0.04%	0.04%
	NEE	C	0.61%	0.43%	0.43%
	NEM	D	0.18%	0.12%	0.12%
	NKE	F	0.14%	0.24%	0.14%
	NOC	D	0.26%	0.18%	0.18%
	NRG	B	0.04%	0.05%	0.04%
	NTAP	C	0.05%	0.06%	0.05%
	NTNX	B	0.05%	0.04%	0.04%
	NVST	B	0.01%	0.01%	0.01%
	NVT	B	0.05%	0.03%	0.03%
	NWS	A	0.01%	0.01%	0.01%
	NWSA	A	0.04%	0.03%	0.03%
	OC	A	0.07%	0.05%	0.05%
	OGN	F	0.02%	0.01%	0.01%
	OKE	A	0.25%	0.15%	0.15%
	OKTA	C	0.02%	0.03%	0.02%
	OMC	C	0.07%	0.05%	0.05%
	ON	D	0.11%	0.06%	0.06%
	OSK	C	0.03%	0.02%	0.02%
	OTIS	C	0.16%	0.1%	0.1%
	OXY	D	0.13%	0.08%	0.08%
	PAG	B	0.01%	0.01%	0.01%
	PARA	C	0.02%	0.02%	0.02%
	PEG	A	0.17%	0.12%	0.12%
	PENN	C	0.01%	0.01%	0.01%
	PEP	F	0.18%	0.58%	0.18%
	PFE	F	0.55%	0.33%	0.33%
	PFG	D	0.08%	0.06%	0.06%
	PG	C	1.21%	1.0%	1.0%
	PGR	A	0.09%	0.44%	0.09%
	PII	F	0.01%	0.01%	0.01%
	PINC	B	0.01%	0.01%	0.01%
	PLD	F	0.41%	0.36%	0.36%
	PNC	B	0.32%	0.24%	0.24%
	PNFP	B	0.04%	0.03%	0.03%
	PNR	A	0.07%	0.04%	0.04%
	PNW	A	0.04%	0.03%	0.03%
	PPG	F	0.11%	0.07%	0.07%
	PPL	A	0.1%	0.07%	0.07%
	PRU	A	0.18%	0.13%	0.13%
	PVH	C	0.02%	0.02%	0.02%
	PWR	A	0.13%	0.12%	0.12%
	PYPL	B	0.34%	0.22%	0.22%
	QCOM	F	0.04%	0.4%	0.04%
	QS	F	0.01%	0.0%	0.0%
	RCL	A	0.14%	0.15%	0.14%
	REGN	F	0.28%	0.18%	0.18%
	RF	A	0.09%	0.07%	0.07%
	RGA	A	0.06%	0.04%	0.04%
	RGEN	D	0.02%	0.02%	0.02%
	RKT	F	0.01%	0.0%	0.0%
	RMD	C	0.1%	0.07%	0.07%
	ROK	C	0.12%	0.08%	0.08%
	RRC	B	0.03%	0.02%	0.02%
	RTX	D	0.61%	0.4%	0.4%
	SBAC	D	0.09%	0.08%	0.08%
	SBUX	A	0.1%	0.3%	0.1%
	SCHW	B	0.42%	0.35%	0.35%
	SCI	B	0.05%	0.03%	0.03%
	SHW	B	0.03%	0.23%	0.03%
	SITE	F	0.02%	0.02%	0.02%
	SLM	A	0.02%	0.02%	0.02%
	SNDR	B	0.01%	0.0%	0.0%
	SNV	C	0.03%	0.02%	0.02%
	SOFI	B	0.05%	0.04%	0.04%
	SOLV	D	0.04%	0.02%	0.02%
	SON	F	0.02%	0.01%	0.01%
	SPGI	C	0.61%	0.46%	0.46%
	SPR	D	0.01%	0.01%	0.01%
	SRE	A	0.23%	0.16%	0.16%
	ST	F	0.02%	0.01%	0.01%
	STT	B	0.11%	0.08%	0.08%
	SWK	D	0.05%	0.03%	0.03%
	SYF	B	0.1%	0.07%	0.07%
	SYK	B	0.39%	0.31%	0.31%
	SYY	D	0.06%	0.1%	0.06%
	T	A	0.63%	0.36%	0.36%
	TAP	C	0.04%	0.03%	0.03%
	TER	F	0.01%	0.04%	0.01%
	TFC	A	0.24%	0.18%	0.18%
	TFX	F	0.04%	0.02%	0.02%
	TGT	F	0.27%	0.19%	0.19%
	THG	A	0.02%	0.02%	0.02%
	TJX	A	0.22%	0.36%	0.22%
	TKR	D	0.02%	0.01%	0.01%
	TMO	F	0.76%	0.46%	0.46%
	TMUS	B	0.44%	0.26%	0.26%
	TNL	A	0.01%	0.01%	0.01%
	TPR	B	0.05%	0.04%	0.04%
	TRU	D	0.07%	0.05%	0.05%
	TRV	B	0.23%	0.17%	0.17%
	TSN	B	0.07%	0.05%	0.05%
	TT	A	0.24%	0.23%	0.23%
	TTWO	A	0.12%	0.08%	0.08%
	TW	A	0.04%	0.04%	0.04%
	TXN	C	0.63%	0.41%	0.41%
	TXT	D	0.06%	0.04%	0.04%
	TYL	B	0.01%	0.06%	0.01%
	UAL	A	0.12%	0.08%	0.08%
	UDR	B	0.06%	0.05%	0.05%
	UNH	B	1.98%	1.22%	1.22%
	UNM	A	0.05%	0.04%	0.04%
	UNP	C	0.29%	0.37%	0.29%
	UPS	C	0.38%	0.25%	0.25%
	URI	C	0.17%	0.14%	0.14%
	USB	A	0.3%	0.23%	0.23%
	USFD	A	0.06%	0.04%	0.04%
	VFC	C	0.03%	0.02%	0.02%
	VLO	C	0.17%	0.11%	0.11%
	VNT	C	0.02%	0.02%	0.02%
	VOYA	B	0.03%	0.02%	0.02%
	VRTX	D	0.23%	0.28%	0.23%
	VTR	B	0.1%	0.09%	0.09%
	VZ	C	0.68%	0.38%	0.38%
	W	D	0.01%	0.01%	0.01%
	WAB	B	0.13%	0.09%	0.09%
	WAT	C	0.03%	0.05%	0.03%
	WBA	F	0.02%	0.02%	0.02%
	WBD	B	0.09%	0.06%	0.06%
	WDC	D	0.08%	0.04%	0.04%
	WH	B	0.03%	0.02%	0.02%
	WHR	B	0.02%	0.02%	0.02%
	WMB	A	0.27%	0.16%	0.16%
	WMT	A	1.42%	0.97%	0.97%
	WSM	C	0.03%	0.04%	0.03%
	WTW	B	0.12%	0.09%	0.09%
	WU	F	0.01%	0.01%	0.01%
	WY	F	0.09%	0.08%	0.08%
	XEL	A	0.15%	0.11%	0.11%
	XOM	B	2.08%	1.29%	1.29%
	XRAY	F	0.01%	0.01%	0.01%
	XYL	D	0.11%	0.07%	0.07%
	YETI	D	0.01%	0.01%	0.01%
	Z	A	0.05%	0.04%	0.04%
	ZBH	C	0.09%	0.05%	0.05%
	ZBRA	B	0.06%	0.05%	0.05%
	ZG	A	0.01%	0.01%	0.01%
	ZM	C	0.08%	0.05%	0.05%
	ZTS	D	0.05%	0.18%	0.05%

GVUS Overweight 441 Positions Relative to JUST

	Symbol	Grade	Weight
	BRK.A	B	3.35%
	JNJ	C	1.44%
	WFC	A	1.01%
	PM	B	0.78%
	MCD	D	0.77%
	CB	C	0.45%
	MO	A	0.37%
	SO	C	0.37%
	PH	A	0.35%
	WELL	A	0.32%
	GD	D	0.31%
	EOG	A	0.3%
	KKR	A	0.28%
	SLB	C	0.24%
	ROP	B	0.23%
	NSC	B	0.23%
	AJG	A	0.23%
	PCAR	B	0.22%
	TDG	D	0.21%
	PSX	C	0.21%
	DHI	F	0.19%
	O	C	0.19%
	FIS	C	0.19%
	MSTR	B	0.19%
	ITW	B	0.19%
	PCG	A	0.18%
	KVUE	A	0.18%
	RSG	A	0.17%
	HWM	A	0.17%
	SPG	A	0.17%
	PSA	C	0.17%
	LEN	D	0.16%
	MSI	B	0.16%
	STZ	D	0.15%
	KR	B	0.15%
	CTVA	C	0.15%
	APH	A	0.14%
	NUE	C	0.14%
	ROST	D	0.14%
	GEHC	D	0.13%
	VICI	C	0.13%
	FANG	C	0.13%
	MCHP	F	0.13%
	ED	C	0.13%
	EXR	C	0.13%
	DELL	B	0.12%
	RJF	A	0.12%
	WEC	A	0.12%
	SQ	A	0.11%
	VMC	B	0.11%
	DOV	A	0.11%
	KHC	F	0.11%
	PAYX	B	0.11%
	GPN	B	0.11%
	DTE	C	0.1%
	MTD	F	0.1%
	NVR	D	0.1%
	TROW	B	0.1%
	PHM	D	0.1%
	CHD	A	0.1%
	SW	A	0.1%
	FCNCA	A	0.1%
	YUM	D	0.09%
	CINF	A	0.09%
	HUBB	B	0.09%
	EQT	B	0.09%
	FE	C	0.09%
	CCL	A	0.09%
	EFX	F	0.09%
	IP	A	0.08%
	CMS	C	0.08%
	INVH	D	0.08%
	STLD	B	0.08%
	PKG	A	0.08%
	CFG	B	0.08%
	NTRS	A	0.08%
	HOOD	B	0.08%
	APO	B	0.08%
	TDY	B	0.08%
	STE	D	0.08%
	ATO	A	0.08%
	RBA	A	0.07%
	GPC	D	0.07%
	TRMB	B	0.07%
	WRB	A	0.07%
	RS	B	0.07%
	WSO	A	0.07%
	ARE	F	0.07%
	MAA	B	0.07%
	SNA	A	0.07%
	IBKR	A	0.07%
	CTRA	B	0.07%
	BLDR	D	0.07%
	EVRG	A	0.06%
	EXPD	C	0.06%
	EWBC	A	0.06%
	VRSN	C	0.06%
	JBHT	C	0.06%
	AMCR	C	0.06%
	THC	D	0.06%
	DOC	C	0.06%
	BRO	B	0.06%
	MKL	A	0.06%
	GGG	B	0.06%
	L	A	0.06%
	VTRS	A	0.06%
	SUI	C	0.06%
	LNT	A	0.06%
	SSNC	B	0.06%
	FNF	B	0.06%
	TOL	B	0.06%
	UTHR	C	0.06%
	MRO	B	0.06%
	NI	A	0.06%
	CVNA	B	0.06%
	DG	F	0.06%
	UHS	D	0.05%
	OVV	B	0.05%
	CDW	F	0.05%
	FDS	B	0.05%
	BMRN	F	0.05%
	FTI	A	0.05%
	HST	C	0.05%
	ALLE	C	0.05%
	WPC	C	0.05%
	EPAM	B	0.05%
	CLH	C	0.05%
	CPT	B	0.05%
	JKHY	D	0.05%
	CASY	A	0.05%
	AMH	C	0.05%
	CAG	F	0.05%
	COHR	B	0.05%
	GLPI	C	0.05%
	JBL	C	0.05%
	ELS	C	0.05%
	DLTR	F	0.05%
	RPM	A	0.05%
	EG	C	0.05%
	SWKS	F	0.05%
	RVTY	F	0.05%
	TWLO	A	0.05%
	RNR	C	0.05%
	REG	A	0.05%
	CW	C	0.05%
	EME	A	0.05%
	VLTO	C	0.05%
	WCC	B	0.04%
	GMED	A	0.04%
	QGEN	D	0.04%
	REXR	F	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	RGLD	C	0.04%
	FRT	B	0.04%
	BRBR	A	0.04%
	DRI	B	0.04%
	ORI	A	0.04%
	JEF	A	0.04%
	GL	C	0.04%
	DOX	D	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	COIN	C	0.04%
	DPZ	C	0.04%
	CRL	D	0.04%
	EHC	B	0.04%
	DTM	A	0.04%
	AVY	F	0.04%
	OHI	C	0.04%
	GME	C	0.04%
	LAD	A	0.04%
	AFG	A	0.04%
	RPRX	D	0.04%
	WWD	C	0.04%
	LKQ	F	0.04%
	WBS	A	0.04%
	ALSN	B	0.04%
	PRI	B	0.04%
	CACI	D	0.04%
	TECH	F	0.04%
	CCK	D	0.04%
	CTLT	C	0.04%
	EVR	B	0.04%
	CUBE	C	0.04%
	PFGC	B	0.04%
	SJM	D	0.04%
	CG	B	0.04%
	RRX	B	0.04%
	SF	B	0.04%
	BJ	A	0.04%
	CGNX	D	0.03%
	FAF	A	0.03%
	LSTR	D	0.03%
	BILL	A	0.03%
	ALGN	D	0.03%
	STAG	D	0.03%
	GWW	B	0.03%
	AGNC	C	0.03%
	MKSI	C	0.03%
	VMI	B	0.03%
	WEX	D	0.03%
	RLI	A	0.03%
	DAR	C	0.03%
	FND	D	0.03%
	MTSI	B	0.03%
	ELAN	D	0.03%
	GXO	B	0.03%
	SSD	F	0.03%
	ATI	C	0.03%
	FR	D	0.03%
	GNTX	C	0.03%
	COKE	C	0.03%
	ESAB	C	0.03%
	VNO	C	0.03%
	R	B	0.03%
	MIDD	C	0.03%
	PR	B	0.03%
	FAST	B	0.03%
	LBRDK	C	0.03%
	LW	C	0.03%
	PB	B	0.03%
	ROKU	D	0.03%
	JAZZ	B	0.03%
	MNST	C	0.03%
	KEX	B	0.03%
	DASH	B	0.03%
	MHK	D	0.03%
	SKX	D	0.03%
	RHI	C	0.03%
	CHE	D	0.03%
	ADC	A	0.03%
	HII	F	0.03%
	NNN	C	0.03%
	G	B	0.03%
	CRBG	B	0.03%
	FLS	B	0.03%
	RIVN	F	0.03%
	CHRD	D	0.03%
	ACI	C	0.03%
	CZR	F	0.03%
	X	B	0.03%
	APG	B	0.03%
	RL	C	0.03%
	WTFC	A	0.03%
	TKO	A	0.03%
	SEIC	B	0.03%
	CFR	B	0.03%
	FICO	B	0.03%
	LAMR	C	0.03%
	HLI	A	0.03%
	LECO	C	0.03%
	EGP	D	0.03%
	NYT	D	0.03%
	TTC	C	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CBSH	B	0.03%
	OGE	A	0.03%
	FYBR	C	0.03%
	WYNN	C	0.03%
	ZION	B	0.03%
	TTEK	F	0.03%
	BRX	A	0.03%
	AOS	F	0.03%
	SNX	D	0.03%
	KNX	C	0.03%
	PTC	B	0.03%
	AR	B	0.03%
	RBC	A	0.03%
	WST	C	0.03%
	AXTA	B	0.03%
	NWL	C	0.02%
	WTM	A	0.02%
	FLO	D	0.02%
	TPG	A	0.02%
	PAYC	B	0.02%
	DLB	B	0.02%
	AN	C	0.02%
	GTES	A	0.02%
	WLK	D	0.02%
	KMPR	A	0.02%
	EEFT	B	0.02%
	RYN	D	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	F	0.02%
	AZO	C	0.02%
	KRC	B	0.02%
	CUZ	B	0.02%
	CROX	D	0.02%
	ROIV	C	0.02%
	AVT	C	0.02%
	FRPT	A	0.02%
	HXL	F	0.02%
	SEE	C	0.02%
	OLN	F	0.02%
	BYD	B	0.02%
	AL	B	0.02%
	UGI	C	0.02%
	BFAM	D	0.02%
	OZK	B	0.02%
	POST	C	0.02%
	GNRC	C	0.02%
	BC	C	0.02%
	LFUS	D	0.02%
	SN	D	0.02%
	WMS	F	0.02%
	EXAS	D	0.02%
	ORLY	B	0.02%
	NFG	A	0.02%
	OLLI	D	0.02%
	DOCS	C	0.02%
	THO	B	0.02%
	JHG	B	0.02%
	ONTO	F	0.02%
	IDA	A	0.02%
	SAIA	B	0.02%
	FNB	A	0.02%
	XP	F	0.02%
	STWD	C	0.02%
	AMG	B	0.02%
	S	B	0.02%
	BPOP	C	0.02%
	BIO	C	0.02%
	ARW	D	0.02%
	MTDR	B	0.02%
	COLD	D	0.02%
	BEN	C	0.02%
	ESI	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	F	0.02%
	MAT	D	0.02%
	DDS	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	D	0.01%
	WEN	D	0.01%
	LEG	F	0.01%
	CNXC	F	0.01%
	UA	C	0.01%
	LCID	F	0.01%
	CLVT	D	0.01%
	BIRK	D	0.01%
	SHC	F	0.01%
	ADTN	A	0.01%
	LEN	D	0.01%
	VSTS	C	0.01%
	CRI	F	0.01%
	PPC	C	0.01%
	BRKR	D	0.01%
	PSTG	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	MP	C	0.01%
	IPGP	D	0.01%
	GLOB	B	0.01%
	UAA	C	0.01%
	RCM	A	0.01%
	AAP	D	0.01%
	SAM	C	0.01%
	AZTA	D	0.01%
	ULTA	F	0.01%
	ALGM	D	0.01%
	HHH	B	0.01%
	CPRI	F	0.01%
	CNM	D	0.01%
	CWEN	C	0.01%
	EXP	B	0.01%
	JWN	D	0.01%
	HAYW	B	0.01%
	ENOV	C	0.01%
	BOKF	B	0.01%
	MPW	F	0.01%
	SPB	C	0.01%
	BROS	A	0.01%
	CC	C	0.01%
	CXT	C	0.01%
	COTY	F	0.01%
	COLM	C	0.01%
	VIRT	A	0.01%
	AMKR	D	0.01%
	U	C	0.01%
	AMED	F	0.01%
	MAN	F	0.01%
	PK	C	0.01%
	NXST	C	0.01%
	IRDM	D	0.01%
	NSA	C	0.01%
	SMG	C	0.01%
	VAC	C	0.01%
	ZI	D	0.01%
	HUN	F	0.01%
	MASI	B	0.01%
	EPR	C	0.01%
	ACHC	F	0.01%
	ASH	F	0.01%
	AM	A	0.01%
	FHB	B	0.01%
	UHAL	D	0.01%
	IAC	F	0.01%
	HIW	C	0.01%
	NEU	D	0.01%
	OLED	F	0.01%
	PRGO	C	0.01%
	GFS	C	0.01%
	MSM	C	0.01%
	CIVI	D	0.01%
	MSGS	A	0.01%
	DNB	B	0.01%
	DXC	B	0.01%
	PLNT	A	0.01%
	CTAS	B	0.01%
	RH	C	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	B	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%
	CNA	C	0.0%
	INFA	D	0.0%
	LBRDA	C	0.0%
	CWEN	C	0.0%
	NCNO	C	0.0%

GVUS Underweight 61 Positions Relative to JUST

	Symbol	Grade	Weight
	NVDA	B	-7.5%
	AAPL	C	-7.25%
	MSFT	D	-6.93%
	AMZN	C	-4.89%
	GOOGL	C	-2.25%
	GOOG	C	-1.91%
	AVGO	D	-1.69%
	LLY	F	-1.41%
	V	A	-1.24%
	MA	B	-1.1%
	COST	A	-1.09%
	MRK	D	-0.56%
	ADBE	C	-0.51%
	NOW	A	-0.46%
	ISRG	A	-0.43%
	INTU	B	-0.41%
	UBER	F	-0.38%
	AMT	C	-0.31%
	PANW	B	-0.26%
	WM	B	-0.25%
	CMG	B	-0.22%
	MCO	B	-0.22%
	LRCX	F	-0.21%
	CDNS	B	-0.18%
	SNPS	B	-0.18%
	ABNB	C	-0.16%
	ADSK	A	-0.14%
	WDAY	B	-0.13%
	VST	A	-0.13%
	VRSK	A	-0.11%
	LULU	C	-0.11%
	COR	B	-0.1%
	IT	C	-0.09%
	IDXX	F	-0.08%
	TSCO	D	-0.08%
	DXCM	C	-0.07%
	LPLA	A	-0.07%
	DECK	A	-0.07%
	GDDY	A	-0.06%
	MPWR	F	-0.06%
	NET	B	-0.06%
	EXPE	B	-0.06%
	LVS	B	-0.05%
	EQH	C	-0.05%
	CLX	A	-0.05%
	BAH	F	-0.05%
	LII	A	-0.05%
	DOCU	B	-0.04%
	ZS	B	-0.04%
	MDB	B	-0.04%
	OWL	A	-0.03%
	NCLH	B	-0.03%
	ESTC	C	-0.02%
	SMAR	B	-0.02%
	DVA	C	-0.02%
	TDC	D	-0.01%
	RARE	F	-0.01%
	PEGA	B	-0.01%
	INSP	D	-0.01%
	CHH	A	-0.01%
	GTLB	B	-0.01%

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

JUST: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Semiconductors Credit Services Diagnostics & Research Utilities - Regulated Electric Capital Markets Biotechnology Business Services Drug Manufacturers - Major Medical Instruments & Supplies Specialty Chemicals Specialty Retail Asset Management Building Materials Insurance - Life Medical Devices Software - Infrastructure Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Telecommunications Bank Electronics Medicine Banking Chemical Aerospace Mining Disability Insurance Products Semiconductor Work From Home Financial Products