GVUS vs. USMV ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	USMV
30 Days	2.39%	1.70%
60 Days	4.06%	2.42%
90 Days	5.58%	4.02%
12 Months		25.63%

136 Overlapping Holdings

Symbol	Grade	Weight in GVUS	Weight in USMV	Overlap
ABBV	D	0.65%	1.04%	0.65%
ABT	B	0.78%	0.09%	0.09%
ACGL	D	0.14%	0.68%	0.14%
ACN	C	0.86%	1.29%	0.86%
ADI	D	0.4%	0.23%	0.23%
ADP	B	0.04%	0.09%	0.04%
AEE	A	0.09%	0.24%	0.09%
AEP	D	0.2%	0.39%	0.2%
AFG	A	0.04%	0.35%	0.04%
AIZ	A	0.04%	0.32%	0.04%
AJG	B	0.23%	1.27%	0.23%
AKAM	D	0.05%	0.39%	0.05%
ALNY	D	0.01%	0.22%	0.01%
AMGN	D	0.13%	0.59%	0.13%
AON	A	0.29%	0.53%	0.29%
APH	A	0.14%	1.44%	0.14%
ATO	A	0.08%	0.06%	0.06%
AZO	C	0.02%	0.98%	0.02%
BDX	F	0.25%	0.56%	0.25%
BMRN	D	0.05%	0.22%	0.05%
BMY	B	0.44%	0.49%	0.44%
BR	A	0.01%	0.05%	0.01%
BRK.A	B	3.35%	1.55%	1.55%
CB	C	0.45%	1.47%	0.45%
CBOE	B	0.08%	0.85%	0.08%
CDW	F	0.05%	0.35%	0.05%
CHD	B	0.1%	0.4%	0.1%
CI	F	0.32%	0.21%	0.21%
CL	D	0.13%	0.41%	0.13%
CMCSA	B	0.64%	0.39%	0.39%
CME	A	0.32%	0.53%	0.32%
CMS	C	0.08%	0.19%	0.08%
CPB	D	0.03%	0.33%	0.03%
CRM	B	0.18%	0.05%	0.05%
CSCO	B	0.91%	1.47%	0.91%
CTSH	B	0.15%	0.76%	0.15%
CTVA	C	0.15%	0.38%	0.15%
CVS	D	0.26%	0.04%	0.04%
CVX	A	1.08%	0.34%	0.34%
D	C	0.19%	0.23%	0.19%
DELL	C	0.12%	0.12%	0.12%
DGX	A	0.07%	0.11%	0.07%
DPZ	C	0.04%	0.19%	0.04%
DTE	C	0.1%	0.2%	0.1%
DUK	C	0.34%	1.49%	0.34%
EA	A	0.17%	0.89%	0.17%
ED	D	0.13%	1.13%	0.13%
EG	C	0.05%	0.43%	0.05%
ELV	F	0.31%	0.52%	0.31%
EOG	A	0.3%	0.17%	0.17%
FANG	D	0.13%	0.55%	0.13%
FCNCA	A	0.1%	0.88%	0.1%
FFIV	B	0.05%	0.55%	0.05%
FI	A	0.32%	0.69%	0.32%
FICO	B	0.03%	0.59%	0.03%
FSLR	F	0.08%	0.06%	0.06%
GD	F	0.31%	0.05%	0.05%
GEN	B	0.06%	0.35%	0.06%
GILD	C	0.43%	0.94%	0.43%
GIS	D	0.14%	0.66%	0.14%
GLW	B	0.14%	0.31%	0.14%
GRMN	B	0.12%	0.33%	0.12%
HD	A	0.32%	0.3%	0.3%
HIG	B	0.13%	0.12%	0.12%
HOLX	D	0.07%	0.16%	0.07%
HON	B	0.49%	0.25%	0.25%
HRL	D	0.03%	0.21%	0.03%
HSY	F	0.08%	0.3%	0.08%
HUM	C	0.13%	0.4%	0.13%
IBM	C	0.73%	1.66%	0.73%
ICE	C	0.34%	0.28%	0.28%
INCY	C	0.04%	0.53%	0.04%
JNJ	D	1.44%	1.18%	1.18%
JNPR	F	0.05%	0.45%	0.05%
K	A	0.08%	0.8%	0.08%
KDP	D	0.14%	0.59%	0.14%
KEYS	A	0.1%	0.55%	0.1%
KHC	F	0.11%	0.38%	0.11%
KMB	D	0.1%	0.21%	0.1%
KNX	B	0.03%	0.06%	0.03%
KO	D	0.4%	0.1%	0.1%
KR	B	0.15%	0.61%	0.15%
L	A	0.06%	0.28%	0.06%
LIN	D	0.84%	0.16%	0.16%
LMT	D	0.3%	0.82%	0.3%
LNT	A	0.06%	0.1%	0.06%
MCD	D	0.77%	1.25%	0.77%
MCK	B	0.17%	1.35%	0.17%
MDLZ	F	0.34%	0.44%	0.34%
MDT	D	0.44%	0.13%	0.13%
MKL	A	0.06%	0.34%	0.06%
MMC	B	0.37%	1.11%	0.37%
MOH	F	0.02%	0.18%	0.02%
MPC	D	0.22%	0.54%	0.22%
MSI	B	0.16%	1.81%	0.16%
NEM	D	0.18%	0.46%	0.18%
NOC	D	0.26%	1.43%	0.26%
NTAP	C	0.05%	0.22%	0.05%
ORLY	B	0.02%	0.68%	0.02%
OTIS	C	0.16%	0.07%	0.07%
OXY	D	0.13%	0.12%	0.12%
PEP	F	0.18%	1.01%	0.18%
PFE	D	0.55%	0.2%	0.2%
PG	A	1.21%	1.23%	1.21%
PGR	A	0.09%	1.67%	0.09%
PKG	A	0.08%	0.2%	0.08%
PSX	C	0.21%	0.06%	0.06%
PTC	A	0.03%	0.52%	0.03%
REGN	F	0.28%	0.59%	0.28%
ROP	B	0.23%	1.3%	0.23%
RSG	A	0.17%	1.55%	0.17%
RTX	C	0.61%	0.09%	0.09%
SO	D	0.37%	1.35%	0.37%
T	A	0.63%	0.74%	0.63%
TDY	B	0.08%	0.57%	0.08%
TJX	A	0.22%	0.45%	0.22%
TMUS	B	0.44%	1.95%	0.44%
TRV	B	0.23%	1.15%	0.23%
TSN	B	0.07%	0.71%	0.07%
TW	A	0.04%	0.2%	0.04%
TXN	C	0.63%	1.39%	0.63%
ULTA	F	0.01%	0.04%	0.01%
UNH	C	1.98%	1.34%	1.34%
UTHR	C	0.06%	0.14%	0.06%
VLO	C	0.17%	0.05%	0.05%
VRSN	F	0.06%	0.64%	0.06%
VRTX	F	0.23%	0.69%	0.23%
VZ	C	0.68%	1.35%	0.68%
WEC	A	0.12%	0.78%	0.12%
WMB	A	0.27%	0.31%	0.27%
WMT	A	1.42%	1.78%	1.42%
WRB	A	0.07%	0.31%	0.07%
WTW	B	0.12%	0.38%	0.12%
XEL	A	0.15%	0.46%	0.15%
XOM	B	2.08%	0.45%	0.45%
YUM	B	0.09%	0.5%	0.09%

GVUS Overweight 700 Positions Relative to USMV

Symbol	Grade	Weight
JPM	A	2.73%
BAC	A	1.23%
WFC	A	1.01%
DIS	B	0.82%
PM	B	0.78%
TMO	F	0.76%
CAT	B	0.63%
NEE	D	0.61%
SPGI	C	0.61%
LOW	D	0.6%
BLK	C	0.6%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
GS	A	0.53%
COP	C	0.51%
C	A	0.51%
BSX	B	0.5%
SCHW	B	0.42%
PLD	D	0.41%
MU	D	0.41%
INTC	D	0.4%
SYK	C	0.39%
DE	A	0.39%
AXP	A	0.39%
UPS	C	0.38%
MO	A	0.37%
PH	A	0.35%
GEV	B	0.35%
PYPL	B	0.34%
WELL	A	0.32%
PNC	B	0.32%
EQIX	A	0.31%
BA	F	0.31%
USB	A	0.3%
AMD	F	0.29%
UNP	C	0.29%
KKR	A	0.28%
EMR	A	0.28%
CSX	B	0.27%
MRVL	B	0.27%
COF	B	0.27%
TGT	F	0.27%
APD	A	0.27%
FDX	B	0.26%
GM	B	0.25%
MAR	B	0.25%
OKE	A	0.25%
TT	A	0.24%
FCX	D	0.24%
SLB	C	0.24%
AFL	B	0.24%
TFC	A	0.24%
CARR	D	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
NSC	B	0.23%
CEG	D	0.23%
JCI	C	0.22%
BK	A	0.22%
PCAR	B	0.22%
KMI	A	0.21%
TDG	D	0.21%
DHI	D	0.19%
O	D	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	0.19%
FIS	C	0.19%
CMI	A	0.19%
MSTR	C	0.19%
ITW	B	0.19%
PCG	A	0.18%
CCI	D	0.18%
KVUE	A	0.18%
PRU	A	0.18%
LHX	C	0.18%
HWM	A	0.17%
BKR	B	0.17%
F	C	0.17%
SPG	B	0.17%
URI	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
PSA	D	0.17%
AME	A	0.17%
CBRE	B	0.16%
LEN	D	0.16%
DAL	C	0.16%
IR	B	0.16%
STZ	D	0.15%
EXC	C	0.15%
NKE	D	0.14%
NUE	C	0.14%
ROST	C	0.14%
MTB	A	0.14%
RCL	A	0.14%
CHTR	C	0.14%
A	D	0.14%
NDAQ	A	0.13%
AVB	B	0.13%
PWR	A	0.13%
GEHC	F	0.13%
EW	C	0.13%
VICI	C	0.13%
MCHP	D	0.13%
MLM	B	0.13%
DD	D	0.13%
WAB	B	0.13%
EXR	D	0.13%
HLT	A	0.12%
ROK	B	0.12%
TTWO	A	0.12%
UAL	A	0.12%
CNC	D	0.12%
RJF	A	0.12%
IQV	D	0.12%
DOW	F	0.12%
EBAY	D	0.12%
ETR	B	0.12%
EIX	B	0.12%
FITB	A	0.12%
SQ	B	0.11%
HPQ	B	0.11%
HPE	B	0.11%
VMC	B	0.11%
DOV	A	0.11%
EQR	B	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
XYL	D	0.11%
PAYX	C	0.11%
GPN	B	0.11%
RMD	C	0.1%
MTD	D	0.1%
PPL	B	0.1%
SBUX	A	0.1%
ADM	D	0.1%
NVR	D	0.1%
HBAN	A	0.1%
SYF	B	0.1%
VTR	C	0.1%
TROW	B	0.1%
AWK	D	0.1%
HAL	C	0.1%
FTV	C	0.1%
PHM	D	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
WY	D	0.09%
ZBH	C	0.09%
CINF	A	0.09%
BIIB	F	0.09%
HUBB	B	0.09%
EQT	B	0.09%
SBAC	D	0.09%
FE	C	0.09%
LNG	B	0.09%
RF	A	0.09%
DVN	F	0.09%
CCL	B	0.09%
EFX	F	0.09%
MSCI	C	0.08%
ESS	B	0.08%
LUV	C	0.08%
CNP	B	0.08%
LH	C	0.08%
PFG	D	0.08%
BBY	D	0.08%
IP	B	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
ZM	B	0.08%
CFG	B	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
APO	B	0.08%
LYB	F	0.08%
ILMN	D	0.08%
LDOS	C	0.08%
STE	F	0.08%
ES	D	0.08%
OC	A	0.07%
RBA	A	0.07%
GPC	D	0.07%
TRMB	B	0.07%
MAS	D	0.07%
IEX	B	0.07%
J	F	0.07%
PNR	A	0.07%
TRU	D	0.07%
CSL	C	0.07%
KEY	B	0.07%
RS	B	0.07%
WSO	A	0.07%
ARE	D	0.07%
MAA	B	0.07%
SNA	A	0.07%
MKC	D	0.07%
BALL	D	0.07%
IBKR	A	0.07%
OMC	C	0.07%
CTRA	B	0.07%
BLDR	D	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EXPD	D	0.06%
EWBC	A	0.06%
IRM	D	0.06%
HES	B	0.06%
APTV	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
UDR	B	0.06%
JBHT	C	0.06%
AMCR	D	0.06%
THC	D	0.06%
DOC	D	0.06%
USFD	A	0.06%
BRO	B	0.06%
GGG	B	0.06%
RGA	A	0.06%
VTRS	A	0.06%
ZBRA	B	0.06%
SUI	D	0.06%
SSNC	B	0.06%
FNF	B	0.06%
TXT	D	0.06%
TOL	B	0.06%
CF	B	0.06%
MRO	B	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
CVNA	B	0.06%
DG	F	0.06%
Z	A	0.05%
UHS	D	0.05%
OVV	B	0.05%
CAH	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%
CAG	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%
DLTR	F	0.05%
RPM	A	0.05%
SWKS	F	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%
EME	C	0.05%
VLTO	D	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TFX	F	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%
EL	F	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%
DOX	D	0.04%
MKTX	D	0.04%
WAL	B	0.04%
WTRG	B	0.04%
COIN	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%
RPRX	D	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%
FTNT	C	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%
QCOM	F	0.04%
RRX	B	0.04%
NRG	B	0.04%
SF	B	0.04%
AMAT	F	0.04%
KMX	B	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%
GWW	B	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%
FAST	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%
DASH	A	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%
SHW	A	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%
ECL	D	0.03%
SNV	B	0.03%
CFR	B	0.03%
LAMR	D	0.03%
HLI	B	0.03%
WAT	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%
AAL	B	0.03%
HSIC	B	0.03%
AR	B	0.03%
RBC	A	0.03%
WST	C	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%
AMP	A	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%
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%
OKTA	C	0.02%
SIRI	C	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%
TER	D	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%
AGR	B	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%
CTAS	B	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 34 Positions Relative to USMV

Symbol	Grade	Weight
WCN	A	-1.56%
WM	A	-1.44%
MSFT	F	-1.34%
ORCL	B	-1.31%
LLY	F	-1.25%
AVGO	D	-1.19%
MRK	F	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
V	A	-0.9%
NOW	A	-0.75%
MA	C	-0.7%
COR	B	-0.67%
NVDA	C	-0.67%
UBER	D	-0.45%
WDAY	B	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
BAH	F	-0.39%
ROL	B	-0.36%
IT	C	-0.35%
NBIX	C	-0.32%
FWONK	B	-0.31%
ANET	C	-0.29%
HUBS	A	-0.24%
AZPN	A	-0.23%
CRWD	B	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
SNPS	B	-0.18%
STX	D	-0.16%
GOOG	C	-0.16%
AMZN	C	-0.14%
TEL	B	-0.07%