VONV vs. GSUS ETF Comparison

Comparison of Vanguard Russell 1000 Value ETF (VONV) to Goldman Sachs MarketBeta U.S. Equity ETF (GSUS)

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

$86.79

Average Daily Volume

372,062

Number of Holdings ^*

842

* may have additional holdings in another (foreign) market

GSUS

Goldman Sachs MarketBeta U.S. Equity ETF

GSUS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS United States Large & Mid Cap Index. The fund invests at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index consists of equity securities of large and mid-capitalization equity issuers covering approximately the largest 85% of the free-float market capitalization in the United States.

Grade (RS Rating)

Last Trade

$82.16

Average Daily Volume

123,683

Number of Holdings ^*

449

* may have additional holdings in another (foreign) market

Performance

Period	VONV	GSUS
30 Days	3.51%	3.38%
60 Days	4.96%	4.89%
90 Days	7.00%	6.69%
12 Months	29.73%	32.27%

372 Overlapping Holdings

	Symbol	Grade	Weight in VONV	Weight in GSUS	Overlap
	A	D	0.15%	0.07%	0.07%
	ABBV	D	0.82%	0.59%	0.59%
	ABT	B	0.78%	0.41%	0.41%
	ACGL	D	0.14%	0.07%	0.07%
	ACN	C	0.87%	0.45%	0.45%
	ADI	D	0.44%	0.21%	0.21%
	ADM	D	0.11%	0.05%	0.05%
	ADP	B	0.03%	0.24%	0.03%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.21%	0.1%	0.1%
	AFL	B	0.23%	0.11%	0.11%
	AGR	B	0.01%	0.01%	0.01%
	AIG	B	0.2%	0.1%	0.1%
	AJG	B	0.23%	0.13%	0.13%
	AKAM	D	0.06%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.17%	0.1%	0.1%
	ALNY	D	0.02%	0.06%	0.02%
	AMAT	F	0.05%	0.28%	0.05%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.32%	0.45%	0.32%
	AME	A	0.17%	0.09%	0.09%
	AMGN	D	0.15%	0.3%	0.15%
	AMP	A	0.02%	0.11%	0.02%
	ANSS	B	0.11%	0.06%	0.06%
	AON	A	0.29%	0.15%	0.15%
	APD	A	0.28%	0.14%	0.14%
	APH	A	0.13%	0.17%	0.13%
	APO	B	0.08%	0.14%	0.08%
	APTV	D	0.06%	0.03%	0.03%
	ARE	D	0.08%	0.03%	0.03%
	ATO	A	0.08%	0.04%	0.04%
	AVB	B	0.13%	0.07%	0.07%
	AVTR	F	0.06%	0.03%	0.03%
	AWK	D	0.11%	0.05%	0.05%
	AXP	A	0.38%	0.32%	0.32%
	AZO	C	0.02%	0.1%	0.02%
	BA	F	0.34%	0.17%	0.17%
	BAC	A	1.14%	0.63%	0.63%
	BALL	D	0.07%	0.04%	0.04%
	BAX	D	0.07%	0.03%	0.03%
	BBY	D	0.08%	0.03%	0.03%
	BDX	F	0.27%	0.13%	0.13%
	BIIB	F	0.1%	0.05%	0.05%
	BK	A	0.22%	0.12%	0.12%
	BKNG	A	0.04%	0.33%	0.04%
	BKR	B	0.15%	0.09%	0.09%
	BLK	C	0.58%	0.3%	0.3%
	BMY	B	0.45%	0.24%	0.24%
	BR	A	0.01%	0.05%	0.01%
	BRK.A	B	3.3%	1.24%	1.24%
	BSX	B	0.49%	0.27%	0.27%
	C	A	0.49%	0.26%	0.26%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.04%	0.06%	0.04%
	CARR	D	0.2%	0.13%	0.13%
	CAT	B	0.63%	0.37%	0.37%
	CB	C	0.46%	0.23%	0.23%
	CBOE	B	0.09%	0.04%	0.04%
	CBRE	B	0.16%	0.08%	0.08%
	CCI	D	0.19%	0.09%	0.09%
	CCL	B	0.09%	0.05%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.28%	0.15%	0.15%
	CFG	B	0.08%	0.04%	0.04%
	CHD	B	0.1%	0.05%	0.05%
	CHTR	C	0.12%	0.07%	0.07%
	CI	F	0.32%	0.18%	0.18%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.14%	0.15%	0.14%
	CMCSA	B	0.67%	0.33%	0.33%
	CME	A	0.32%	0.17%	0.17%
	CMI	A	0.18%	0.1%	0.1%
	CMS	C	0.08%	0.04%	0.04%
	CNC	D	0.13%	0.06%	0.06%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.25%	0.14%	0.14%
	COIN	C	0.02%	0.13%	0.02%
	COP	C	0.51%	0.26%	0.26%
	CPB	D	0.04%	0.02%	0.02%
	CPRT	A	0.01%	0.1%	0.01%
	CRM	B	0.17%	0.6%	0.17%
	CSCO	B	0.89%	0.46%	0.46%
	CSGP	D	0.12%	0.06%	0.06%
	CSX	B	0.26%	0.14%	0.14%
	CTAS	B	0.01%	0.15%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.08%	0.08%
	CTVA	C	0.17%	0.08%	0.08%
	CVNA	B	0.07%	0.06%	0.06%
	CVS	D	0.29%	0.14%	0.14%
	CVX	A	1.03%	0.55%	0.55%
	D	C	0.2%	0.1%	0.1%
	DAL	C	0.15%	0.08%	0.08%
	DASH	A	0.03%	0.11%	0.03%
	DD	D	0.14%	0.06%	0.06%
	DE	A	0.41%	0.2%	0.2%
	DELL	C	0.11%	0.08%	0.08%
	DFS	B	0.15%	0.09%	0.09%
	DG	F	0.07%	0.03%	0.03%
	DGX	A	0.07%	0.04%	0.04%
	DHI	D	0.2%	0.09%	0.09%
	DHR	F	0.63%	0.3%	0.3%
	DIS	B	0.71%	0.41%	0.41%
	DLR	B	0.23%	0.12%	0.12%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	D	0.06%	0.03%	0.03%
	DOV	A	0.1%	0.06%	0.06%
	DOW	F	0.14%	0.06%	0.06%
	DOX	D	0.04%	0.02%	0.02%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.36%	0.18%	0.18%
	DVN	F	0.1%	0.05%	0.05%
	EA	A	0.16%	0.08%	0.08%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.03%	0.12%	0.03%
	ED	D	0.14%	0.07%	0.07%
	EFX	F	0.1%	0.06%	0.06%
	EG	C	0.05%	0.02%	0.02%
	EIX	B	0.13%	0.07%	0.07%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.32%	0.18%	0.18%
	EMR	A	0.25%	0.15%	0.15%
	EOG	A	0.28%	0.15%	0.15%
	EQIX	A	0.33%	0.17%	0.17%
	EQR	B	0.11%	0.05%	0.05%
	ES	D	0.09%	0.04%	0.04%
	ESS	B	0.07%	0.04%	0.04%
	ETN	A	0.53%	0.29%	0.29%
	ETR	B	0.13%	0.06%	0.06%
	EW	C	0.13%	0.08%	0.08%
	EXC	C	0.16%	0.08%	0.08%
	EXPD	D	0.06%	0.03%	0.03%
	EXR	D	0.14%	0.07%	0.07%
	F	C	0.16%	0.09%	0.09%
	FANG	D	0.13%	0.06%	0.06%
	FAST	B	0.03%	0.09%	0.03%
	FCX	D	0.26%	0.13%	0.13%
	FDX	B	0.25%	0.13%	0.13%
	FE	C	0.1%	0.05%	0.05%
	FI	A	0.31%	0.25%	0.25%
	FICO	B	0.03%	0.11%	0.03%
	FIS	C	0.2%	0.09%	0.09%
	FITB	A	0.12%	0.06%	0.06%
	FNF	B	0.06%	0.03%	0.03%
	FOX	A	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.02%	0.02%
	FTNT	C	0.04%	0.11%	0.04%
	FTV	C	0.1%	0.05%	0.05%
	GD	F	0.32%	0.13%	0.13%
	GE	D	0.59%	0.39%	0.39%
	GEHC	F	0.14%	0.07%	0.07%
	GEN	B	0.06%	0.03%	0.03%
	GEV	B	0.33%	0.19%	0.19%
	GFS	C	0.01%	0.01%	0.01%
	GILD	C	0.44%	0.22%	0.22%
	GIS	D	0.15%	0.07%	0.07%
	GLW	B	0.15%	0.07%	0.07%
	GM	B	0.23%	0.12%	0.12%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.11%	0.06%	0.06%
	GRMN	B	0.12%	0.06%	0.06%
	GS	A	0.48%	0.37%	0.37%
	GWW	B	0.02%	0.1%	0.02%
	HAL	C	0.1%	0.06%	0.06%
	HBAN	A	0.09%	0.05%	0.05%
	HCA	F	0.2%	0.13%	0.13%
	HD	A	0.32%	0.81%	0.32%
	HES	B	0.05%	0.08%	0.05%
	HIG	B	0.13%	0.07%	0.07%
	HLT	A	0.11%	0.12%	0.11%
	HOLX	D	0.07%	0.04%	0.04%
	HON	B	0.45%	0.3%	0.3%
	HPE	B	0.1%	0.06%	0.06%
	HPQ	B	0.11%	0.07%	0.07%
	HRL	D	0.04%	0.02%	0.02%
	HSY	F	0.09%	0.05%	0.05%
	HUM	C	0.12%	0.07%	0.07%
	HWM	A	0.15%	0.09%	0.09%
	IBKR	A	0.06%	0.04%	0.04%
	IBM	C	0.76%	0.39%	0.39%
	ICE	C	0.35%	0.18%	0.18%
	IFF	D	0.1%	0.05%	0.05%
	ILMN	D	0.09%	0.04%	0.04%
	INTC	D	0.37%	0.21%	0.21%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IQV	D	0.13%	0.07%	0.07%
	IR	B	0.15%	0.08%	0.08%
	IRM	D	0.06%	0.07%	0.06%
	ITW	B	0.19%	0.16%	0.16%
	JBHT	C	0.06%	0.03%	0.03%
	JCI	C	0.17%	0.11%	0.11%
	JNJ	D	1.54%	0.74%	0.74%
	JPM	A	2.55%	1.38%	1.38%
	K	A	0.08%	0.04%	0.04%
	KDP	D	0.15%	0.07%	0.07%
	KEY	B	0.06%	0.04%	0.04%
	KEYS	A	0.1%	0.05%	0.05%
	KHC	F	0.12%	0.05%	0.05%
	KKR	A	0.27%	0.21%	0.21%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.19%	0.11%	0.11%
	KO	D	0.43%	0.49%	0.43%
	KR	B	0.15%	0.08%	0.08%
	KVUE	A	0.18%	0.09%	0.09%
	L	A	0.06%	0.03%	0.03%
	LDOS	C	0.1%	0.04%	0.04%
	LEN	D	0.01%	0.0%	0.0%
	LEN	D	0.01%	0.08%	0.01%
	LEN	D	0.16%	0.08%	0.08%
	LEN	D	0.16%	0.0%	0.0%
	LH	C	0.08%	0.04%	0.04%
	LHX	C	0.19%	0.09%	0.09%
	LIN	D	0.88%	0.43%	0.43%
	LMT	D	0.32%	0.25%	0.25%
	LNG	B	0.09%	0.1%	0.09%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.6%	0.3%	0.3%
	LUV	C	0.07%	0.04%	0.04%
	LYB	F	0.09%	0.04%	0.04%
	MAA	B	0.07%	0.04%	0.04%
	MAR	B	0.24%	0.13%	0.13%
	MAS	D	0.07%	0.03%	0.03%
	MCD	D	0.79%	0.42%	0.42%
	MCHP	D	0.16%	0.07%	0.07%
	MCK	B	0.15%	0.16%	0.15%
	MDLZ	F	0.37%	0.17%	0.17%
	MDT	D	0.46%	0.22%	0.22%
	MET	A	0.18%	0.1%	0.1%
	MKC	D	0.08%	0.04%	0.04%
	MKL	A	0.06%	0.04%	0.04%
	MLM	B	0.14%	0.07%	0.07%
	MMC	B	0.37%	0.22%	0.22%
	MMM	D	0.23%	0.14%	0.14%
	MNST	C	0.03%	0.08%	0.03%
	MO	A	0.37%	0.19%	0.19%
	MPC	D	0.21%	0.11%	0.11%
	MRNA	F	0.07%	0.02%	0.02%
	MRVL	B	0.25%	0.15%	0.15%
	MS	A	0.51%	0.33%	0.33%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.13%	0.07%	0.07%
	MTD	D	0.11%	0.05%	0.05%
	MU	D	0.44%	0.22%	0.22%
	NDAQ	A	0.12%	0.07%	0.07%
	NEE	D	0.65%	0.32%	0.32%
	NEM	D	0.21%	0.1%	0.1%
	NKE	D	0.14%	0.18%	0.14%
	NOC	D	0.28%	0.14%	0.14%
	NSC	B	0.23%	0.12%	0.12%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	C	0.14%	0.07%	0.07%
	NVR	D	0.1%	0.05%	0.05%
	O	D	0.21%	0.1%	0.1%
	OKE	A	0.23%	0.13%	0.13%
	OMC	C	0.08%	0.04%	0.04%
	ON	D	0.12%	0.06%	0.06%
	ORLY	B	0.02%	0.14%	0.02%
	OTIS	C	0.16%	0.08%	0.08%
	OXY	D	0.13%	0.07%	0.07%
	PAYX	C	0.11%	0.09%	0.09%
	PCAR	B	0.21%	0.11%	0.11%
	PCG	A	0.17%	0.09%	0.09%
	PEG	A	0.18%	0.09%	0.09%
	PEP	F	0.19%	0.43%	0.19%
	PFE	D	0.64%	0.29%	0.29%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	1.21%	0.81%	0.81%
	PGR	A	0.09%	0.3%	0.09%
	PH	A	0.32%	0.18%	0.18%
	PHM	D	0.11%	0.05%	0.05%
	PKG	A	0.08%	0.04%	0.04%
	PLD	D	0.42%	0.21%	0.21%
	PM	B	0.83%	0.41%	0.41%
	PNC	B	0.3%	0.16%	0.16%
	PPG	F	0.12%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.18%	0.09%	0.09%
	PSA	D	0.18%	0.11%	0.11%
	PSX	C	0.2%	0.11%	0.11%
	PWR	A	0.12%	0.1%	0.1%
	PYPL	B	0.32%	0.17%	0.17%
	QCOM	F	0.05%	0.37%	0.05%
	RCL	A	0.13%	0.1%	0.1%
	REGN	F	0.32%	0.16%	0.16%
	RF	A	0.09%	0.05%	0.05%
	RJF	A	0.11%	0.06%	0.06%
	RKT	F	0.01%	0.0%	0.0%
	RMD	C	0.1%	0.07%	0.07%
	ROK	B	0.11%	0.06%	0.06%
	ROP	B	0.23%	0.12%	0.12%
	ROST	C	0.14%	0.09%	0.09%
	RPRX	D	0.04%	0.02%	0.02%
	RSG	A	0.16%	0.09%	0.09%
	RTX	C	0.64%	0.32%	0.32%
	SBAC	D	0.1%	0.05%	0.05%
	SBUX	A	0.1%	0.22%	0.1%
	SCHW	B	0.38%	0.24%	0.24%
	SHW	A	0.03%	0.17%	0.03%
	SLB	C	0.23%	0.12%	0.12%
	SNA	A	0.07%	0.04%	0.04%
	SO	D	0.4%	0.19%	0.19%
	SPG	B	0.16%	0.12%	0.12%
	SPGI	C	0.6%	0.32%	0.32%
	SQ	B	0.09%	0.1%	0.09%
	SRE	A	0.21%	0.12%	0.12%
	SSNC	B	0.06%	0.03%	0.03%
	STE	F	0.09%	0.04%	0.04%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.08%	0.08%
	SWKS	F	0.06%	0.03%	0.03%
	SYF	B	0.09%	0.05%	0.05%
	SYK	C	0.36%	0.25%	0.25%
	SYY	B	0.06%	0.07%	0.06%
	T	A	0.65%	0.33%	0.33%
	TDG	D	0.23%	0.14%	0.14%
	TER	D	0.01%	0.03%	0.01%
	TFC	A	0.23%	0.12%	0.12%
	TGT	F	0.28%	0.14%	0.14%
	TJX	A	0.21%	0.27%	0.21%
	TMO	F	0.84%	0.39%	0.39%
	TMUS	B	0.43%	0.23%	0.23%
	TRMB	B	0.06%	0.03%	0.03%
	TROW	B	0.1%	0.05%	0.05%
	TRU	D	0.07%	0.04%	0.04%
	TRV	B	0.22%	0.12%	0.12%
	TSN	B	0.07%	0.04%	0.04%
	TT	A	0.22%	0.19%	0.19%
	TTWO	A	0.11%	0.06%	0.06%
	TXN	C	0.65%	0.37%	0.37%
	TXT	D	0.06%	0.03%	0.03%
	UAL	A	0.1%	0.06%	0.06%
	ULTA	F	0.01%	0.03%	0.01%
	UNH	C	1.94%	1.07%	1.07%
	UNP	C	0.3%	0.29%	0.29%
	UPS	C	0.39%	0.19%	0.19%
	URI	B	0.16%	0.11%	0.11%
	USB	A	0.3%	0.15%	0.15%
	VICI	C	0.13%	0.07%	0.07%
	VLO	C	0.17%	0.09%	0.09%
	VMC	B	0.11%	0.07%	0.07%
	VRSN	F	0.06%	0.03%	0.03%
	VRTX	F	0.25%	0.23%	0.23%
	VTR	C	0.11%	0.05%	0.05%
	VZ	C	0.71%	0.36%	0.36%
	WAB	B	0.13%	0.07%	0.07%
	WAT	B	0.03%	0.04%	0.03%
	WBD	C	0.08%	0.04%	0.04%
	WDC	D	0.09%	0.04%	0.04%
	WEC	A	0.12%	0.06%	0.06%
	WELL	A	0.33%	0.17%	0.17%
	WFC	A	0.91%	0.5%	0.5%
	WMB	A	0.25%	0.14%	0.14%
	WMT	A	1.42%	0.76%	0.76%
	WRB	A	0.07%	0.04%	0.04%
	WST	C	0.04%	0.05%	0.04%
	WTW	B	0.12%	0.06%	0.06%
	WY	D	0.09%	0.05%	0.05%
	XEL	A	0.15%	0.08%	0.08%
	XOM	B	2.1%	1.06%	1.06%
	XYL	D	0.12%	0.06%	0.06%
	YUM	B	0.09%	0.07%	0.07%
	ZBH	C	0.09%	0.05%	0.05%
	ZBRA	B	0.06%	0.04%	0.04%
	ZM	B	0.08%	0.04%	0.04%
	ZTS	D	0.06%	0.16%	0.06%

VONV Overweight 472 Positions Relative to GSUS

	Symbol	Grade	Weight
	MSTR	C	0.14%
	SW	A	0.11%
	HUBB	B	0.09%
	FCNCA	A	0.09%
	STLD	B	0.08%
	EQT	B	0.08%
	FSLR	F	0.08%
	TDY	B	0.08%
	IEX	B	0.07%
	UTHR	C	0.07%
	RS	B	0.07%
	SUI	D	0.07%
	PNR	A	0.07%
	WSO	A	0.07%
	CSL	C	0.07%
	J	F	0.07%
	BLDR	D	0.07%
	VTRS	A	0.06%
	UDR	B	0.06%
	RGA	A	0.06%
	VLTO	D	0.06%
	BRO	B	0.06%
	NDSN	B	0.06%
	USFD	A	0.06%
	SWK	D	0.06%
	ACM	A	0.06%
	RVTY	F	0.06%
	THC	D	0.06%
	TOL	B	0.06%
	CF	B	0.06%
	OC	A	0.06%
	MRO	B	0.06%
	RBA	A	0.06%
	HOOD	B	0.06%
	KIM	A	0.06%
	NI	A	0.06%
	FTI	A	0.05%
	TECH	D	0.05%
	ITT	A	0.05%
	SCI	B	0.05%
	AES	F	0.05%
	SJM	D	0.05%
	CLH	B	0.05%
	UHS	D	0.05%
	BG	F	0.05%
	UNM	A	0.05%
	AMH	D	0.05%
	CHRW	C	0.05%
	CPT	B	0.05%
	HST	C	0.05%
	WPC	D	0.05%
	CASY	A	0.05%
	CACI	D	0.05%
	ALLE	D	0.05%
	COHR	B	0.05%
	EMN	D	0.05%
	NVT	B	0.05%
	JBL	B	0.05%
	BMRN	D	0.05%
	RPM	A	0.05%
	EME	C	0.05%
	BXP	D	0.05%
	JNPR	F	0.05%
	ELS	C	0.05%
	GLPI	C	0.05%
	REG	B	0.05%
	CW	B	0.05%
	JKHY	D	0.05%
	RNR	C	0.05%
	EVRG	A	0.05%
	EWBC	A	0.05%
	GGG	B	0.05%
	FFIV	B	0.05%
	DTM	B	0.04%
	FYBR	D	0.04%
	DCI	B	0.04%
	BWXT	B	0.04%
	WBS	A	0.04%
	JLL	D	0.04%
	TW	A	0.04%
	WAL	B	0.04%
	NYT	C	0.04%
	HSIC	B	0.04%
	LAD	A	0.04%
	AOS	F	0.04%
	WYNN	D	0.04%
	FRT	B	0.04%
	CRL	C	0.04%
	CIEN	B	0.04%
	MTCH	D	0.04%
	REXR	F	0.04%
	AFG	A	0.04%
	AYI	B	0.04%
	ALSN	B	0.04%
	GL	B	0.04%
	QGEN	D	0.04%
	FHN	A	0.04%
	TFX	F	0.04%
	EVR	B	0.04%
	TAP	C	0.04%
	DAY	B	0.04%
	PRI	A	0.04%
	LKQ	D	0.04%
	RGLD	C	0.04%
	SOFI	A	0.04%
	WTRG	B	0.04%
	CNH	C	0.04%
	EPAM	C	0.04%
	EHC	B	0.04%
	WWD	B	0.04%
	ARMK	B	0.04%
	DKS	C	0.04%
	AIZ	A	0.04%
	PNW	B	0.04%
	AA	B	0.04%
	SOLV	C	0.04%
	AFRM	B	0.04%
	TTEK	F	0.04%
	FBIN	D	0.04%
	BLD	D	0.04%
	SF	B	0.04%
	OVV	B	0.04%
	NWSA	B	0.04%
	AVY	D	0.04%
	OHI	C	0.04%
	KMX	B	0.04%
	CTLT	B	0.04%
	PFGC	B	0.04%
	MKTX	D	0.04%
	CUBE	D	0.04%
	NTNX	A	0.04%
	TPR	B	0.04%
	TWLO	A	0.04%
	CCK	C	0.04%
	CG	A	0.04%
	INCY	C	0.04%
	RRX	B	0.04%
	IPG	D	0.04%
	NRG	B	0.04%
	ATR	B	0.04%
	ALB	C	0.04%
	FDS	B	0.04%
	BJ	A	0.04%
	LSTR	D	0.03%
	MKSI	C	0.03%
	ARW	D	0.03%
	MTSI	B	0.03%
	OKTA	C	0.03%
	IVZ	B	0.03%
	WEX	D	0.03%
	XP	F	0.03%
	BBWI	D	0.03%
	FAF	A	0.03%
	RGEN	D	0.03%
	MTG	C	0.03%
	ATI	D	0.03%
	SIRI	C	0.03%
	WMS	D	0.03%
	BFAM	D	0.03%
	CGNX	C	0.03%
	PB	A	0.03%
	PARA	C	0.03%
	OSK	B	0.03%
	KEX	C	0.03%
	HRB	D	0.03%
	G	B	0.03%
	QRVO	F	0.03%
	STAG	F	0.03%
	JAZZ	B	0.03%
	WBA	F	0.03%
	COKE	C	0.03%
	RHI	B	0.03%
	FCN	D	0.03%
	MAT	D	0.03%
	AGNC	D	0.03%
	ROKU	D	0.03%
	FND	C	0.03%
	MIDD	C	0.03%
	SSD	D	0.03%
	MOH	F	0.03%
	FR	C	0.03%
	FLS	B	0.03%
	BIO	D	0.03%
	ESAB	B	0.03%
	WSM	B	0.03%
	GNTX	C	0.03%
	PR	B	0.03%
	MHK	D	0.03%
	GXO	B	0.03%
	LBRDK	C	0.03%
	RRC	B	0.03%
	SNV	B	0.03%
	CHE	D	0.03%
	ONTO	D	0.03%
	VFC	C	0.03%
	Z	A	0.03%
	VNO	B	0.03%
	HII	D	0.03%
	COLD	D	0.03%
	ADC	B	0.03%
	SKX	D	0.03%
	SAIC	F	0.03%
	SEIC	B	0.03%
	CBSH	A	0.03%
	CFR	B	0.03%
	ZION	B	0.03%
	AR	B	0.03%
	WTFC	A	0.03%
	ACI	C	0.03%
	LW	C	0.03%
	BWA	D	0.03%
	EXAS	D	0.03%
	LECO	B	0.03%
	CR	A	0.03%
	MTZ	B	0.03%
	CHRD	D	0.03%
	APG	B	0.03%
	NNN	D	0.03%
	RL	B	0.03%
	RBC	A	0.03%
	TKO	B	0.03%
	OGE	B	0.03%
	PNFP	B	0.03%
	JEF	A	0.03%
	BERY	B	0.03%
	BRX	A	0.03%
	FMC	D	0.03%
	VOYA	B	0.03%
	CRBG	B	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	KBR	F	0.03%
	HLI	B	0.03%
	GMED	A	0.03%
	EGP	F	0.03%
	RIVN	F	0.03%
	ALLY	C	0.03%
	GWRE	A	0.03%
	GME	C	0.03%
	AXTA	A	0.03%
	WCC	B	0.03%
	GPK	C	0.03%
	TTC	D	0.03%
	CMA	A	0.03%
	APA	D	0.03%
	MGM	D	0.03%
	MOS	F	0.03%
	BRBR	A	0.03%
	LAMR	D	0.03%
	CZR	F	0.03%
	PTC	A	0.03%
	ORI	A	0.03%
	X	C	0.03%
	SNX	C	0.03%
	INGR	B	0.03%
	KMPR	B	0.02%
	MSGS	A	0.02%
	RH	B	0.02%
	HOG	D	0.02%
	ACHC	F	0.02%
	TYL	B	0.02%
	AN	C	0.02%
	SITE	D	0.02%
	PAYC	B	0.02%
	GTES	A	0.02%
	W	F	0.02%
	AWI	A	0.02%
	CLF	F	0.02%
	FLO	D	0.02%
	UHAL	D	0.02%
	OLED	D	0.02%
	GAP	C	0.02%
	M	D	0.02%
	FRPT	B	0.02%
	ASH	D	0.02%
	EEFT	B	0.02%
	SLGN	A	0.02%
	LITE	B	0.02%
	DLB	B	0.02%
	TPG	A	0.02%
	DBX	B	0.02%
	AGO	B	0.02%
	WSC	D	0.02%
	WTM	A	0.02%
	WLK	D	0.02%
	BILL	A	0.02%
	RYN	D	0.02%
	OZK	B	0.02%
	XRAY	F	0.02%
	AL	B	0.02%
	CUZ	B	0.02%
	KRC	C	0.02%
	DOCS	C	0.02%
	SLM	A	0.02%
	BYD	C	0.02%
	HXL	D	0.02%
	OLN	D	0.02%
	AVT	C	0.02%
	OGN	D	0.02%
	SN	D	0.02%
	ROIV	C	0.02%
	PSN	D	0.02%
	GNRC	B	0.02%
	SEE	C	0.02%
	UGI	A	0.02%
	ZG	A	0.02%
	SON	D	0.02%
	ST	F	0.02%
	FNB	A	0.02%
	KD	B	0.02%
	IDA	A	0.02%
	CROX	D	0.02%
	THO	B	0.02%
	THG	A	0.02%
	JHG	A	0.02%
	TKR	D	0.02%
	POST	C	0.02%
	SAIA	B	0.02%
	BC	C	0.02%
	LEA	D	0.02%
	PVH	C	0.02%
	H	B	0.02%
	WHR	B	0.02%
	NFG	A	0.02%
	OMF	A	0.02%
	OLLI	D	0.02%
	MTDR	B	0.02%
	BPOP	B	0.02%
	SRCL	C	0.02%
	VNT	B	0.02%
	MDU	D	0.02%
	CRUS	D	0.02%
	LNC	B	0.02%
	BEN	C	0.02%
	S	B	0.02%
	COLB	A	0.02%
	LFUS	F	0.02%
	ALK	C	0.02%
	ESI	A	0.02%
	AXS	A	0.02%
	DINO	D	0.02%
	RLI	B	0.02%
	AMG	B	0.02%
	NOV	C	0.02%
	MSA	D	0.02%
	STWD	C	0.02%
	WH	B	0.02%
	DAR	C	0.02%
	VMI	B	0.02%
	ELAN	D	0.02%
	AGCO	D	0.02%
	R	B	0.02%
	UA	C	0.01%
	SNDR	B	0.01%
	FTRE	D	0.01%
	GO	C	0.01%
	LYFT	C	0.01%
	REYN	D	0.01%
	EXEL	B	0.01%
	LEG	F	0.01%
	TRIP	F	0.01%
	WOLF	F	0.01%
	WEN	D	0.01%
	INFA	D	0.01%
	VSTS	C	0.01%
	BIRK	D	0.01%
	PPC	C	0.01%
	QS	F	0.01%
	UAA	C	0.01%
	AZEK	A	0.01%
	LPX	B	0.01%
	CRI	D	0.01%
	PSTG	D	0.01%
	PINC	B	0.01%
	CNXC	F	0.01%
	KSS	F	0.01%
	SAM	C	0.01%
	ETSY	D	0.01%
	YETI	C	0.01%
	AAP	C	0.01%
	AZTA	D	0.01%
	BROS	B	0.01%
	LCID	F	0.01%
	GLOB	B	0.01%
	IPGP	D	0.01%
	RCM	F	0.01%
	BRKR	D	0.01%
	ENOV	C	0.01%
	CPRI	F	0.01%
	JWN	C	0.01%
	ADTN	A	0.01%
	EXP	A	0.01%
	HAYW	B	0.01%
	BOKF	B	0.01%
	MP	B	0.01%
	SHC	F	0.01%
	HHH	B	0.01%
	SPB	C	0.01%
	CWEN	C	0.01%
	CC	C	0.01%
	VIRT	B	0.01%
	ALGM	D	0.01%
	CXT	B	0.01%
	VAC	B	0.01%
	CLVT	F	0.01%
	COLM	B	0.01%
	LOPE	B	0.01%
	MPW	F	0.01%
	PAG	B	0.01%
	COTY	F	0.01%
	AMKR	D	0.01%
	PK	B	0.01%
	NSA	D	0.01%
	CNM	D	0.01%
	BHF	B	0.01%
	MAN	D	0.01%
	MASI	A	0.01%
	PENN	C	0.01%
	WU	D	0.01%
	AM	A	0.01%
	AMED	F	0.01%
	IRDM	D	0.01%
	PLNT	A	0.01%
	FHB	A	0.01%
	TNL	A	0.01%
	SPR	D	0.01%
	U	C	0.01%
	NXST	C	0.01%
	NWS	B	0.01%
	EPR	D	0.01%
	ZI	D	0.01%
	PRGO	B	0.01%
	HIW	D	0.01%
	CIVI	D	0.01%
	DXC	B	0.01%
	IAC	D	0.01%
	NEU	C	0.01%
	PII	D	0.01%
	MSM	C	0.01%
	NVST	B	0.01%
	DNB	B	0.01%
	HUN	F	0.01%
	NWL	B	0.01%
	SMG	D	0.01%
	UHAL	D	0.0%
	UWMC	D	0.0%
	SEG	B	0.0%
	NFE	D	0.0%
	IONS	F	0.0%
	TXG	F	0.0%
	PLTK	B	0.0%
	CHH	A	0.0%
	CACC	D	0.0%
	UI	A	0.0%
	TFSL	A	0.0%
	LBRDA	C	0.0%
	SEB	F	0.0%
	PATH	C	0.0%
	CWEN	C	0.0%
	DJT	C	0.0%
	CAR	C	0.0%
	LSCC	D	0.0%
	PYCR	C	0.0%
	MTN	C	0.0%
	HCP	B	0.0%
	FIVE	F	0.0%
	CNA	B	0.0%
	DV	C	0.0%
	DDS	B	0.0%
	HAS	D	0.0%
	NCNO	B	0.0%
	CERT	F	0.0%

VONV Underweight 79 Positions Relative to GSUS

	Symbol	Grade	Weight
	NVDA	C	-6.96%
	AAPL	C	-6.79%
	MSFT	F	-6.15%
	AMZN	C	-3.85%
	META	D	-2.45%
	GOOGL	C	-2.09%
	TSLA	B	-1.93%
	GOOG	C	-1.88%
	AVGO	D	-1.52%
	LLY	F	-1.25%
	V	A	-1.05%
	MA	C	-0.86%
	COST	B	-0.83%
	NFLX	A	-0.73%
	ORCL	B	-0.61%
	MRK	F	-0.49%
	ADBE	C	-0.44%
	NOW	A	-0.42%
	ISRG	A	-0.38%
	INTU	C	-0.35%
	UBER	D	-0.28%
	BX	A	-0.27%
	PLTR	B	-0.25%
	PANW	C	-0.25%
	AMT	D	-0.19%
	WM	A	-0.18%
	MELI	D	-0.18%
	LRCX	F	-0.18%
	ANET	C	-0.18%
	SNPS	B	-0.17%
	KLAC	D	-0.17%
	CMG	B	-0.16%
	CRWD	B	-0.16%
	CDNS	B	-0.16%
	MCO	B	-0.15%
	APP	B	-0.14%
	ADSK	A	-0.13%
	SPOT	B	-0.13%
	VST	B	-0.11%
	TTD	B	-0.11%
	WDAY	B	-0.11%
	ABNB	C	-0.11%
	VRT	B	-0.1%
	FLUT	A	-0.09%
	IT	C	-0.08%
	TEAM	A	-0.08%
	DDOG	A	-0.08%
	ODFL	B	-0.08%
	VRSK	A	-0.08%
	SNOW	C	-0.08%
	COR	B	-0.08%
	LULU	C	-0.07%
	HUBS	A	-0.07%
	IDXX	F	-0.07%
	MPWR	F	-0.06%
	NET	B	-0.06%
	DXCM	D	-0.06%
	TSCO	D	-0.06%
	VEEV	C	-0.06%
	ARES	A	-0.06%
	EXPE	B	-0.05%
	CPAY	A	-0.05%
	RBLX	C	-0.05%
	CPNG	D	-0.05%
	PINS	D	-0.04%
	LVS	C	-0.04%
	STX	D	-0.04%
	ZS	C	-0.04%
	LYV	A	-0.04%
	DKNG	B	-0.04%
	MDB	C	-0.04%
	CLX	B	-0.04%
	ARM	D	-0.03%
	SMCI	F	-0.03%
	ROL	B	-0.03%
	ENPH	F	-0.02%
	SCCO	F	-0.02%
	SNAP	C	-0.02%
	WMG	C	-0.01%

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

GSUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Semiconductors Business Services Diversified Industrials Diagnostics & Research Asset Management Specialty Retail Banks - Regional - US Drug Manufacturers - Major Capital Markets Insurance - Property & Casualty Software - Infrastructure Aerospace & Defense Credit Services Household & Personal Products Internet Content & Information Medical Devices Medical Instruments & Supplies Oil & Gas E&P

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