GVUS vs. FBUF ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to Fidelity Dynamic Buffered Equity ETF (FBUF)

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

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	FBUF
30 Days	2.39%	3.10%
60 Days	4.06%	4.70%
90 Days	5.58%	6.08%
12 Months

112 Overlapping Holdings

Symbol	Grade	Weight in GVUS	Weight in FBUF	Overlap
ABBV	D	0.65%	0.91%	0.65%
ABT	B	0.78%	0.63%	0.63%
ADP	B	0.04%	0.26%	0.04%
ALLE	D	0.05%	0.38%	0.05%
AMAT	F	0.04%	0.67%	0.04%
AME	A	0.17%	0.09%	0.09%
AMGN	D	0.13%	0.25%	0.13%
AON	A	0.29%	0.12%	0.12%
AXP	A	0.39%	0.43%	0.39%
BAC	A	1.23%	1.18%	1.18%
BBWI	D	0.03%	0.16%	0.03%
BDX	F	0.25%	0.58%	0.25%
BIIB	F	0.09%	0.21%	0.09%
BK	A	0.22%	0.12%	0.12%
BMY	B	0.44%	0.74%	0.44%
BRK.A	B	3.35%	2.2%	2.2%
C	A	0.51%	0.72%	0.51%
CACI	D	0.04%	0.17%	0.04%
CAH	B	0.05%	0.31%	0.05%
CAT	B	0.63%	0.53%	0.53%
CI	F	0.32%	0.63%	0.32%
CINF	A	0.09%	0.07%	0.07%
CL	D	0.13%	0.55%	0.13%
CMCSA	B	0.64%	0.84%	0.64%
CME	A	0.32%	0.44%	0.32%
CRM	B	0.18%	1.16%	0.18%
CRUS	D	0.02%	0.07%	0.02%
CSCO	B	0.91%	0.8%	0.8%
CSX	B	0.27%	0.49%	0.27%
CTAS	B	0.01%	0.65%	0.01%
CVNA	B	0.06%	0.52%	0.06%
CVS	D	0.26%	0.23%	0.23%
CVX	A	1.08%	0.02%	0.02%
DASH	A	0.03%	0.11%	0.03%
DBX	B	0.02%	0.52%	0.02%
DIS	B	0.82%	0.65%	0.65%
DVN	F	0.09%	0.52%	0.09%
ECL	D	0.03%	0.63%	0.03%
ED	D	0.13%	0.1%	0.1%
EOG	A	0.3%	0.48%	0.3%
EXEL	B	0.01%	0.43%	0.01%
F	C	0.17%	0.33%	0.17%
FTNT	C	0.04%	0.2%	0.04%
GAP	C	0.02%	0.21%	0.02%
GE	D	0.59%	0.48%	0.48%
GEN	B	0.06%	0.13%	0.06%
GILD	C	0.43%	0.74%	0.43%
GL	B	0.04%	0.13%	0.04%
GRMN	B	0.12%	0.44%	0.12%
HD	A	0.32%	1.32%	0.32%
HWM	A	0.17%	0.38%	0.17%
INCY	C	0.04%	0.34%	0.04%
ITW	B	0.19%	0.14%	0.14%
JNJ	D	1.44%	0.73%	0.73%
JPM	A	2.73%	1.93%	1.93%
KR	B	0.15%	0.12%	0.12%
LDOS	C	0.08%	0.31%	0.08%
LHX	C	0.18%	0.21%	0.18%
LMT	D	0.3%	0.71%	0.3%
LYFT	C	0.01%	0.08%	0.01%
MGM	D	0.03%	0.23%	0.03%
MMC	B	0.37%	0.53%	0.37%
MMM	D	0.23%	0.19%	0.19%
MSCI	C	0.08%	0.26%	0.08%
MSI	B	0.16%	0.43%	0.16%
MU	D	0.41%	0.5%	0.41%
NEE	D	0.61%	0.82%	0.61%
NOC	D	0.26%	0.6%	0.26%
NRG	B	0.04%	0.09%	0.04%
NSC	B	0.23%	0.11%	0.11%
NUE	C	0.14%	0.36%	0.14%
OXY	D	0.13%	0.15%	0.13%
PCAR	B	0.22%	0.37%	0.22%
PEP	F	0.18%	0.19%	0.18%
PFE	D	0.55%	0.41%	0.41%
PG	A	1.21%	0.8%	0.8%
PGR	A	0.09%	0.67%	0.09%
PM	B	0.78%	0.94%	0.78%
PPG	F	0.11%	0.34%	0.11%
PSA	D	0.17%	0.17%	0.17%
PYPL	B	0.34%	0.72%	0.34%
QCOM	F	0.04%	0.85%	0.04%
QRVO	F	0.02%	0.06%	0.02%
RSG	A	0.17%	0.23%	0.17%
RTX	C	0.61%	0.28%	0.28%
SCHW	B	0.42%	0.79%	0.42%
SEIC	B	0.03%	0.54%	0.03%
SPG	B	0.17%	0.44%	0.17%
SPGI	C	0.61%	0.21%	0.21%
SQ	B	0.11%	0.6%	0.11%
SSNC	B	0.06%	0.18%	0.06%
SYK	C	0.39%	0.24%	0.24%
T	A	0.63%	0.71%	0.63%
TJX	A	0.22%	0.72%	0.22%
TMO	F	0.76%	0.38%	0.38%
TMUS	B	0.44%	0.28%	0.28%
TNL	A	0.01%	0.04%	0.01%
TOL	B	0.06%	0.02%	0.02%
TROW	B	0.1%	0.28%	0.1%
TRV	B	0.23%	0.26%	0.23%
TT	A	0.24%	0.68%	0.24%
TWLO	A	0.05%	0.09%	0.05%
TXT	D	0.06%	0.5%	0.06%
UNH	C	1.98%	0.57%	0.57%
UNM	A	0.05%	0.1%	0.05%
UNP	C	0.29%	0.75%	0.29%
UTHR	C	0.06%	0.04%	0.04%
WFC	A	1.01%	0.28%	0.28%
WMT	A	1.42%	0.82%	0.82%
XOM	B	2.08%	1.56%	1.56%
ZBRA	B	0.06%	0.52%	0.06%
ZM	B	0.08%	0.53%	0.08%

GVUS Overweight 724 Positions Relative to FBUF

Symbol	Grade	Weight
ACN	C	0.86%
LIN	D	0.84%
MCD	D	0.77%
IBM	C	0.73%
VZ	C	0.68%
TXN	C	0.63%
LOW	D	0.6%
BLK	C	0.6%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
GS	A	0.53%
COP	C	0.51%
BSX	B	0.5%
HON	B	0.49%
CB	C	0.45%
MDT	D	0.44%
PLD	D	0.41%
ADI	D	0.4%
KO	D	0.4%
INTC	D	0.4%
DE	A	0.39%
UPS	C	0.38%
MO	A	0.37%
SO	D	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
ICE	C	0.34%
WELL	A	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	F	0.31%
ELV	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
USB	A	0.3%
AMD	F	0.29%
KKR	A	0.28%
EMR	A	0.28%
REGN	F	0.28%
WMB	A	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%
FCX	D	0.24%
SLB	C	0.24%
AFL	B	0.24%
TFC	A	0.24%
CARR	D	0.24%
DLR	B	0.23%
SRE	A	0.23%
ROP	B	0.23%
AJG	B	0.23%
CEG	D	0.23%
VRTX	F	0.23%
MPC	D	0.22%
JCI	C	0.22%
KMI	A	0.21%
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%
MET	A	0.19%
AIG	B	0.19%
FIS	C	0.19%
CMI	A	0.19%
MSTR	C	0.19%
PCG	A	0.18%
CCI	D	0.18%
KVUE	A	0.18%
PRU	A	0.18%
NEM	D	0.18%
BKR	B	0.17%
EA	A	0.17%
URI	B	0.17%
ALL	A	0.17%
DFS	B	0.17%
PEG	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
CBRE	B	0.16%
OTIS	C	0.16%
LEN	D	0.16%
DAL	C	0.16%
IR	B	0.16%
STZ	D	0.15%
CTSH	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
APH	A	0.14%
GIS	D	0.14%
NKE	D	0.14%
KDP	D	0.14%
ROST	C	0.14%
GLW	B	0.14%
MTB	A	0.14%
RCL	A	0.14%
ACGL	D	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%
FANG	D	0.13%
HUM	C	0.13%
MCHP	D	0.13%
MLM	B	0.13%
DD	D	0.13%
WAB	B	0.13%
EXR	D	0.13%
HIG	B	0.13%
HLT	A	0.12%
ROK	B	0.12%
TTWO	A	0.12%
UAL	A	0.12%
DELL	C	0.12%
CNC	D	0.12%
RJF	A	0.12%
IQV	D	0.12%
WEC	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
ETR	B	0.12%
EIX	B	0.12%
FITB	A	0.12%
WTW	B	0.12%
HPQ	B	0.11%
HPE	B	0.11%
VMC	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
EQR	B	0.11%
ON	D	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%
DTE	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%
KEYS	A	0.1%
AWK	D	0.1%
HAL	C	0.1%
FTV	C	0.1%
PHM	D	0.1%
KMB	D	0.1%
CHD	B	0.1%
SW	A	0.1%
FCNCA	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
WY	D	0.09%
ZBH	C	0.09%
YUM	B	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%
CCL	B	0.09%
AEE	A	0.09%
EFX	F	0.09%
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%
CMS	C	0.08%
FSLR	F	0.08%
WDC	D	0.08%
INVH	D	0.08%
STLD	B	0.08%
PKG	A	0.08%
K	A	0.08%
CBOE	B	0.08%
CFG	B	0.08%
HSY	F	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
APO	B	0.08%
LYB	F	0.08%
ILMN	D	0.08%
TDY	B	0.08%
STE	F	0.08%
ES	D	0.08%
ATO	A	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%
WRB	A	0.07%
KEY	B	0.07%
RS	B	0.07%
DGX	A	0.07%
WSO	A	0.07%
TSN	B	0.07%
HOLX	D	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%
VRSN	F	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%
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%
CF	B	0.06%
MRO	B	0.06%
BAX	D	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
Z	A	0.05%
UHS	D	0.05%
JNPR	F	0.05%
OVV	B	0.05%
SOFI	A	0.05%
CDW	F	0.05%
FDS	B	0.05%
EMN	D	0.05%
MRNA	F	0.05%
BMRN	D	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%
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%
AKAM	D	0.05%
ELS	C	0.05%
DLTR	F	0.05%
RPM	A	0.05%
NTAP	C	0.05%
EG	C	0.05%
SWKS	F	0.05%
RVTY	F	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%
ZTS	D	0.05%
AVTR	F	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%
EL	F	0.04%
PNFP	B	0.04%
ORI	A	0.04%
AYI	B	0.04%
CNH	C	0.04%
JEF	A	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%
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%
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%
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%
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%
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%
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%
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%
SNV	B	0.03%
CFR	B	0.03%
FICO	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%
CPB	D	0.03%
NYT	C	0.03%
MOS	F	0.03%
TTC	D	0.03%
CR	A	0.03%
HRL	D	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%
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%
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%
AWI	A	0.02%
EEFT	B	0.02%
RYN	D	0.02%
SLGN	A	0.02%
PSN	D	0.02%
WSC	D	0.02%
AZO	C	0.02%
KRC	C	0.02%
CUZ	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%
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%
OKTA	C	0.02%
SIRI	C	0.02%
MOH	F	0.02%
OMF	A	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%
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%
BR	A	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%
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%
ULTA	F	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%
ALNY	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%
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 43 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	C	-7.37%
AAPL	C	-7.34%
MSFT	F	-5.66%
AMZN	C	-3.84%
META	D	-2.89%
GOOGL	C	-2.04%
GOOG	C	-1.89%
AVGO	D	-1.62%
MA	C	-1.36%
NFLX	A	-1.28%
TSLA	B	-1.27%
MRK	F	-0.96%
ADBE	C	-0.94%
LLY	F	-0.76%
V	A	-0.65%
KLAC	D	-0.61%
NOW	A	-0.5%
CMG	B	-0.47%
IGT	F	-0.46%
WM	A	-0.41%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
SKYW	B	-0.31%
COST	B	-0.3%
MEDP	D	-0.28%
UBER	D	-0.24%
LRCX	F	-0.24%
AMT	D	-0.21%
TPH	D	-0.18%
LNW	D	-0.16%
IDXX	F	-0.15%
VST	B	-0.14%
CLX	B	-0.14%
INTU	C	-0.12%
LPLA	A	-0.11%
DOCU	A	-0.09%
PLTK	B	-0.07%
NBIX	C	-0.06%
ANET	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
PEGA	A	-0.02%