GVUS vs. JPME ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

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

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$108.81

Average Daily Volume

10,059

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	JPME
30 Days	2.39%	3.84%
60 Days	4.06%	4.75%
90 Days	5.58%	6.36%
12 Months		28.81%

320 Overlapping Holdings

Symbol	Grade	Weight in GVUS	Weight in JPME	Overlap
A	D	0.14%	0.29%	0.14%
ACGL	C	0.14%	0.1%	0.1%
ACHC	F	0.01%	0.17%	0.01%
ACI	C	0.03%	0.3%	0.03%
ADM	D	0.1%	0.29%	0.1%
ADTN	A	0.01%	0.03%	0.01%
AEE	A	0.09%	0.02%	0.02%
AFG	A	0.04%	0.19%	0.04%
AFL	B	0.24%	0.38%	0.24%
AGO	B	0.02%	0.24%	0.02%
AJG	A	0.23%	0.37%	0.23%
AKAM	D	0.05%	0.12%	0.05%
ALLY	C	0.03%	0.11%	0.03%
ALSN	B	0.04%	0.51%	0.04%
AM	A	0.01%	0.4%	0.01%
AME	A	0.17%	0.39%	0.17%
AMH	C	0.05%	0.26%	0.05%
AMP	A	0.02%	0.48%	0.02%
AN	C	0.02%	0.32%	0.02%
ANSS	B	0.11%	0.34%	0.11%
AOS	F	0.03%	0.28%	0.03%
APA	D	0.03%	0.14%	0.03%
AR	B	0.03%	0.3%	0.03%
ASH	F	0.01%	0.26%	0.01%
ATO	A	0.08%	0.42%	0.08%
ATR	B	0.04%	0.01%	0.01%
AVB	B	0.13%	0.38%	0.13%
AVT	C	0.02%	0.14%	0.02%
AVY	F	0.04%	0.3%	0.04%
AXS	A	0.03%	0.15%	0.03%
AYI	B	0.04%	0.09%	0.04%
BBY	D	0.08%	0.29%	0.08%
BG	D	0.05%	0.33%	0.05%
BIIB	F	0.09%	0.04%	0.04%
BKR	A	0.17%	0.18%	0.17%
BLDR	D	0.07%	0.34%	0.07%
BPOP	C	0.02%	0.3%	0.02%
BRBR	A	0.04%	0.36%	0.04%
BRKR	D	0.01%	0.2%	0.01%
BRO	B	0.06%	0.17%	0.06%
BRX	A	0.03%	0.4%	0.03%
BWA	D	0.03%	0.13%	0.03%
BYD	B	0.02%	0.27%	0.02%
CACI	D	0.04%	0.4%	0.04%
CAG	F	0.05%	0.31%	0.05%
CAH	B	0.05%	0.4%	0.05%
CASY	A	0.05%	0.41%	0.05%
CBOE	C	0.08%	0.35%	0.08%
CBRE	B	0.16%	0.44%	0.16%
CC	C	0.01%	0.0%	0.0%
CDW	F	0.05%	0.26%	0.05%
CE	F	0.02%	0.19%	0.02%
CF	A	0.06%	0.41%	0.06%
CFG	B	0.08%	0.11%	0.08%
CHD	A	0.1%	0.33%	0.1%
CHE	D	0.03%	0.33%	0.03%
CHTR	C	0.14%	0.39%	0.14%
CIEN	C	0.04%	0.51%	0.04%
CLF	F	0.01%	0.28%	0.01%
CLH	C	0.05%	0.41%	0.05%
CMA	B	0.04%	0.07%	0.04%
CMI	A	0.19%	0.47%	0.19%
CMS	C	0.08%	0.37%	0.08%
CNA	C	0.0%	0.0%	0.0%
CNC	D	0.12%	0.25%	0.12%
CNM	D	0.01%	0.35%	0.01%
CNXC	F	0.01%	0.06%	0.01%
COKE	C	0.03%	0.34%	0.03%
CPB	D	0.03%	0.32%	0.03%
CPT	B	0.05%	0.2%	0.05%
CR	A	0.03%	0.05%	0.03%
CRI	F	0.01%	0.04%	0.01%
CROX	D	0.02%	0.22%	0.02%
CRUS	D	0.02%	0.27%	0.02%
CSL	C	0.07%	0.42%	0.07%
CTRA	B	0.07%	0.33%	0.07%
CTVA	C	0.15%	0.3%	0.15%
CUBE	C	0.04%	0.35%	0.04%
CUZ	B	0.02%	0.15%	0.02%
CWEN	C	0.01%	0.24%	0.01%
CWEN	C	0.0%	0.24%	0.0%
CXT	C	0.01%	0.1%	0.01%
DFS	B	0.17%	0.14%	0.14%
DGX	A	0.07%	0.39%	0.07%
DHI	F	0.19%	0.33%	0.19%
DINO	D	0.03%	0.35%	0.03%
DKS	D	0.04%	0.36%	0.04%
DLB	B	0.02%	0.22%	0.02%
DOX	D	0.04%	0.3%	0.04%
DRI	B	0.04%	0.26%	0.04%
DTE	C	0.1%	0.37%	0.1%
DTM	A	0.04%	0.5%	0.04%
DVN	F	0.09%	0.27%	0.09%
ED	C	0.13%	0.35%	0.13%
EG	C	0.05%	0.31%	0.05%
EGP	D	0.03%	0.23%	0.03%
EHC	B	0.04%	0.42%	0.04%
EIX	B	0.12%	0.36%	0.12%
ELAN	D	0.03%	0.16%	0.03%
EME	A	0.05%	0.38%	0.05%
EMN	C	0.05%	0.39%	0.05%
EPR	C	0.01%	0.33%	0.01%
EQR	C	0.11%	0.29%	0.11%
ESI	B	0.02%	0.39%	0.02%
ESS	B	0.08%	0.31%	0.08%
ETR	B	0.12%	0.45%	0.12%
EVRG	A	0.06%	0.4%	0.06%
EXC	C	0.15%	0.28%	0.15%
EXEL	B	0.01%	0.43%	0.01%
EXP	B	0.01%	0.21%	0.01%
EXPD	C	0.06%	0.22%	0.06%
FANG	C	0.13%	0.38%	0.13%
FAST	B	0.03%	0.41%	0.03%
FBIN	D	0.04%	0.32%	0.04%
FCNCA	A	0.1%	0.43%	0.1%
FE	C	0.09%	0.35%	0.09%
FITB	B	0.12%	0.19%	0.12%
FLO	D	0.02%	0.26%	0.02%
FMC	D	0.03%	0.21%	0.03%
FNB	A	0.02%	0.07%	0.02%
FNF	B	0.06%	0.18%	0.06%
FR	D	0.03%	0.23%	0.03%
FRPT	A	0.02%	0.27%	0.02%
FRT	B	0.04%	0.18%	0.04%
FTRE	D	0.01%	0.03%	0.01%
FYBR	C	0.03%	0.37%	0.03%
GEHC	D	0.13%	0.07%	0.07%
GEN	B	0.06%	0.33%	0.06%
GGG	B	0.06%	0.35%	0.06%
GIS	D	0.14%	0.32%	0.14%
GLPI	C	0.05%	0.36%	0.05%
GLW	B	0.14%	0.18%	0.14%
GNTX	C	0.03%	0.3%	0.03%
GO	C	0.01%	0.06%	0.01%
GRMN	B	0.12%	0.44%	0.12%
GWW	B	0.03%	0.43%	0.03%
HAL	C	0.1%	0.25%	0.1%
HBAN	A	0.1%	0.41%	0.1%
HIG	B	0.13%	0.38%	0.13%
HIW	C	0.01%	0.3%	0.01%
HOG	D	0.02%	0.02%	0.02%
HOLX	D	0.07%	0.32%	0.07%
HPE	B	0.11%	0.34%	0.11%
HPQ	B	0.11%	0.3%	0.11%
HRB	D	0.03%	0.33%	0.03%
HRL	D	0.03%	0.26%	0.03%
HSIC	C	0.03%	0.29%	0.03%
HST	C	0.05%	0.32%	0.05%
HSY	F	0.08%	0.21%	0.08%
HUBB	B	0.09%	0.43%	0.09%
HUN	F	0.01%	0.22%	0.01%
HXL	F	0.02%	0.05%	0.02%
IDA	A	0.02%	0.24%	0.02%
IEX	C	0.07%	0.05%	0.05%
IFF	D	0.09%	0.29%	0.09%
INCY	C	0.04%	0.27%	0.04%
INGR	C	0.04%	0.42%	0.04%
IP	A	0.08%	0.45%	0.08%
IPG	D	0.04%	0.03%	0.03%
IQV	F	0.12%	0.28%	0.12%
IRDM	D	0.01%	0.24%	0.01%
IRM	C	0.06%	0.39%	0.06%
ITT	A	0.05%	0.17%	0.05%
JAZZ	B	0.03%	0.26%	0.03%
JBL	C	0.05%	0.32%	0.05%
JEF	A	0.04%	0.49%	0.04%
JLL	D	0.03%	0.38%	0.03%
JNPR	D	0.05%	0.38%	0.05%
K	A	0.08%	0.38%	0.08%
KEY	B	0.07%	0.1%	0.07%
KEYS	A	0.1%	0.17%	0.1%
KIM	A	0.06%	0.36%	0.06%
KMI	A	0.21%	0.48%	0.21%
KR	B	0.15%	0.42%	0.15%
KRC	B	0.02%	0.29%	0.02%
KSS	F	0.01%	0.01%	0.01%
KVUE	A	0.18%	0.33%	0.18%
L	A	0.06%	0.25%	0.06%
LAMR	C	0.03%	0.39%	0.03%
LBRDK	C	0.03%	0.09%	0.03%
LDOS	C	0.08%	0.41%	0.08%
LECO	C	0.03%	0.3%	0.03%
LEN	D	0.01%	0.36%	0.01%
LEN	D	0.16%	0.36%	0.16%
LH	B	0.08%	0.32%	0.08%
LITE	B	0.02%	0.4%	0.02%
LNG	A	0.09%	0.44%	0.09%
LNT	A	0.06%	0.38%	0.06%
LPX	B	0.01%	0.27%	0.01%
LSTR	D	0.03%	0.3%	0.03%
LYB	F	0.08%	0.31%	0.08%
M	F	0.02%	0.14%	0.02%
MAA	B	0.07%	0.25%	0.07%
MAS	D	0.07%	0.31%	0.07%
MCHP	F	0.13%	0.21%	0.13%
MGM	D	0.03%	0.23%	0.03%
MKC	C	0.07%	0.28%	0.07%
MOH	F	0.02%	0.29%	0.02%
MOS	F	0.03%	0.29%	0.03%
MRO	B	0.06%	0.41%	0.06%
MSM	C	0.01%	0.33%	0.01%
MTB	A	0.14%	0.31%	0.14%
MTG	C	0.03%	0.37%	0.03%
NDSN	B	0.06%	0.06%	0.06%
NEU	D	0.01%	0.3%	0.01%
NFG	A	0.02%	0.36%	0.02%
NI	A	0.06%	0.41%	0.06%
NNN	C	0.03%	0.22%	0.03%
NRG	B	0.04%	0.45%	0.04%
NSA	C	0.01%	0.09%	0.01%
NTAP	C	0.05%	0.34%	0.05%
NUE	C	0.14%	0.31%	0.14%
NVR	D	0.1%	0.37%	0.1%
NVST	B	0.01%	0.05%	0.01%
NVT	B	0.05%	0.18%	0.05%
NXST	C	0.01%	0.36%	0.01%
OC	A	0.07%	0.41%	0.07%
OGE	A	0.03%	0.4%	0.03%
OHI	C	0.04%	0.38%	0.04%
OKE	A	0.25%	0.45%	0.25%
OLN	F	0.02%	0.28%	0.02%
OMC	C	0.07%	0.28%	0.07%
OMF	A	0.02%	0.45%	0.02%
ON	D	0.11%	0.24%	0.11%
ORI	A	0.04%	0.4%	0.04%
OVV	B	0.05%	0.27%	0.05%
PAG	B	0.01%	0.35%	0.01%
PAYC	B	0.02%	0.03%	0.02%
PAYX	B	0.11%	0.27%	0.11%
PB	B	0.03%	0.07%	0.03%
PCG	A	0.18%	0.39%	0.18%
PEG	A	0.17%	0.41%	0.17%
PFG	D	0.08%	0.05%	0.05%
PFGC	B	0.04%	0.4%	0.04%
PHM	D	0.1%	0.37%	0.1%
PINC	B	0.01%	0.14%	0.01%
PK	C	0.01%	0.33%	0.01%
PKG	A	0.08%	0.41%	0.08%
PNW	A	0.04%	0.39%	0.04%
POST	C	0.02%	0.35%	0.02%
PPC	C	0.01%	0.42%	0.01%
PPL	A	0.1%	0.39%	0.1%
PR	B	0.03%	0.4%	0.03%
PRI	B	0.04%	0.22%	0.04%
PWR	A	0.13%	0.46%	0.13%
QGEN	D	0.04%	0.25%	0.04%
QRVO	F	0.02%	0.12%	0.02%
R	B	0.03%	0.27%	0.03%
RBC	A	0.03%	0.31%	0.03%
REG	A	0.05%	0.37%	0.05%
REXR	F	0.04%	0.18%	0.04%
REYN	D	0.01%	0.18%	0.01%
RF	A	0.09%	0.17%	0.09%
RGA	A	0.06%	0.41%	0.06%
RGLD	C	0.04%	0.29%	0.04%
RHI	C	0.03%	0.07%	0.03%
RMD	C	0.1%	0.36%	0.1%
ROKU	D	0.03%	0.37%	0.03%
ROST	D	0.14%	0.31%	0.14%
RPM	A	0.05%	0.41%	0.05%
RPRX	D	0.04%	0.21%	0.04%
RRC	B	0.03%	0.29%	0.03%
RS	B	0.07%	0.37%	0.07%
RVTY	F	0.05%	0.25%	0.05%
RYN	D	0.02%	0.14%	0.02%
SAIC	F	0.02%	0.28%	0.02%
SAM	C	0.01%	0.28%	0.01%
SCI	B	0.05%	0.15%	0.05%
SJM	D	0.04%	0.29%	0.04%
SLGN	A	0.02%	0.1%	0.02%
SLM	A	0.02%	0.17%	0.02%
SMG	C	0.01%	0.25%	0.01%
SNA	A	0.07%	0.44%	0.07%
SNX	D	0.03%	0.28%	0.03%
SON	F	0.02%	0.14%	0.02%
SPB	C	0.01%	0.37%	0.01%
SPG	A	0.17%	0.41%	0.17%
SSNC	B	0.06%	0.35%	0.06%
STAG	D	0.03%	0.28%	0.03%
STE	D	0.08%	0.32%	0.08%
STLD	B	0.08%	0.42%	0.08%
STWD	C	0.02%	0.23%	0.02%
SWKS	F	0.05%	0.24%	0.05%
SYF	B	0.1%	0.51%	0.1%
SYY	D	0.06%	0.27%	0.06%
TAP	C	0.04%	0.42%	0.04%
TECH	F	0.04%	0.06%	0.04%
TER	F	0.01%	0.27%	0.01%
TFX	F	0.04%	0.08%	0.04%
THC	D	0.06%	0.4%	0.06%
THO	B	0.02%	0.13%	0.02%
TKR	D	0.02%	0.35%	0.02%
TNL	A	0.01%	0.07%	0.01%
TOL	B	0.06%	0.42%	0.06%
TPR	B	0.05%	0.43%	0.05%
TSN	B	0.07%	0.36%	0.07%
TXT	D	0.06%	0.13%	0.06%
TYL	B	0.01%	0.39%	0.01%
UGI	C	0.02%	0.37%	0.02%
UHS	D	0.05%	0.33%	0.05%
UNM	A	0.05%	0.5%	0.05%
USFD	A	0.06%	0.43%	0.06%
UTHR	C	0.06%	0.42%	0.06%
VICI	C	0.13%	0.33%	0.13%
VIRT	A	0.01%	0.04%	0.01%
VTRS	A	0.06%	0.38%	0.06%
WEC	A	0.12%	0.39%	0.12%
WEN	D	0.01%	0.13%	0.01%
WLK	D	0.02%	0.31%	0.02%
WMB	A	0.27%	0.47%	0.27%
WPC	C	0.05%	0.22%	0.05%
WSM	C	0.03%	0.31%	0.03%
WST	C	0.03%	0.28%	0.03%
WTM	A	0.02%	0.13%	0.02%
WU	F	0.01%	0.04%	0.01%
WY	F	0.09%	0.31%	0.09%
X	B	0.03%	0.33%	0.03%
XEL	A	0.15%	0.41%	0.15%
XRAY	F	0.01%	0.09%	0.01%
ZION	B	0.03%	0.09%	0.03%

GVUS Overweight 516 Positions Relative to JPME

Symbol	Grade	Weight
BRK.A	B	3.35%
JPM	A	2.73%
XOM	B	2.08%
UNH	B	1.98%
JNJ	C	1.44%
WMT	A	1.42%
BAC	A	1.23%
PG	C	1.21%
CVX	A	1.08%
WFC	A	1.01%
CSCO	B	0.91%
ACN	B	0.86%
LIN	C	0.84%
DIS	B	0.82%
PM	B	0.78%
ABT	B	0.78%
MCD	D	0.77%
TMO	F	0.76%
IBM	C	0.73%
VZ	C	0.68%
ABBV	F	0.65%
CMCSA	B	0.64%
TXN	C	0.63%
CAT	B	0.63%
T	A	0.63%
NEE	C	0.61%
SPGI	C	0.61%
RTX	D	0.61%
LOW	C	0.6%
BLK	B	0.6%
GE	D	0.59%
DHR	F	0.58%
MS	A	0.57%
ETN	A	0.56%
PFE	F	0.55%
GS	A	0.53%
COP	C	0.51%
C	A	0.51%
BSX	A	0.5%
HON	C	0.49%
CB	C	0.45%
MDT	D	0.44%
TMUS	B	0.44%
BMY	B	0.44%
GILD	C	0.43%
SCHW	B	0.42%
PLD	F	0.41%
MU	D	0.41%
ADI	D	0.4%
KO	D	0.4%
INTC	C	0.4%
SYK	B	0.39%
DE	B	0.39%
AXP	A	0.39%
UPS	C	0.38%
MMC	B	0.37%
MO	A	0.37%
SO	C	0.37%
PH	A	0.35%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
PYPL	B	0.34%
ICE	C	0.34%
CME	B	0.32%
CI	D	0.32%
WELL	A	0.32%
HD	B	0.32%
FI	A	0.32%
PNC	B	0.32%
GD	D	0.31%
ELV	F	0.31%
EQIX	A	0.31%
BA	F	0.31%
EOG	A	0.3%
USB	A	0.3%
LMT	D	0.3%
AMD	F	0.29%
AON	A	0.29%
UNP	C	0.29%
KKR	A	0.28%
EMR	B	0.28%
REGN	F	0.28%
CSX	C	0.27%
MRVL	B	0.27%
COF	C	0.27%
TGT	F	0.27%
APD	A	0.27%
FDX	B	0.26%
CVS	D	0.26%
NOC	D	0.26%
GM	C	0.25%
MAR	A	0.25%
BDX	F	0.25%
TT	A	0.24%
FCX	F	0.24%
SLB	C	0.24%
TFC	A	0.24%
CARR	C	0.24%
DLR	B	0.23%
MMM	D	0.23%
SRE	A	0.23%
ROP	B	0.23%
NSC	B	0.23%
CEG	C	0.23%
TRV	B	0.23%
VRTX	D	0.23%
MPC	D	0.22%
TJX	A	0.22%
JCI	B	0.22%
BK	A	0.22%
PCAR	B	0.22%
TDG	D	0.21%
PSX	C	0.21%
AEP	C	0.2%
D	C	0.19%
O	C	0.19%
HCA	F	0.19%
MET	A	0.19%
AIG	B	0.19%
FIS	C	0.19%
MSTR	B	0.19%
ITW	B	0.19%
CCI	C	0.18%
PRU	A	0.18%
PEP	F	0.18%
CRM	B	0.18%
LHX	C	0.18%
NEM	D	0.18%
RSG	A	0.17%
HWM	A	0.17%
EA	A	0.17%
F	C	0.17%
URI	C	0.17%
ALL	A	0.17%
PSA	C	0.17%
MCK	A	0.17%
VLO	C	0.17%
OTIS	C	0.16%
DAL	B	0.16%
IR	B	0.16%
MSI	B	0.16%
STZ	D	0.15%
CTSH	B	0.15%
APH	A	0.14%
NKE	F	0.14%
KDP	F	0.14%
RCL	A	0.14%
NDAQ	A	0.13%
EW	C	0.13%
HUM	C	0.13%
OXY	D	0.13%
AMGN	F	0.13%
MLM	C	0.13%
DD	C	0.13%
CL	D	0.13%
WAB	B	0.13%
EXR	C	0.13%
HLT	A	0.12%
ROK	C	0.12%
TTWO	A	0.12%
UAL	A	0.12%
DELL	B	0.12%
RJF	A	0.12%
DOW	F	0.12%
EBAY	D	0.12%
WTW	B	0.12%
SQ	A	0.11%
VMC	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
PPG	F	0.11%
STT	B	0.11%
CSGP	D	0.11%
XYL	D	0.11%
GPN	B	0.11%
MTD	F	0.1%
SBUX	A	0.1%
VTR	B	0.1%
TROW	B	0.1%
AWK	C	0.1%
FTV	C	0.1%
KMB	C	0.1%
SW	A	0.1%
WBD	B	0.09%
ZBH	C	0.09%
YUM	D	0.09%
CINF	A	0.09%
PGR	A	0.09%
EQT	B	0.09%
SBAC	D	0.09%
CCL	A	0.09%
EFX	F	0.09%
MSCI	C	0.08%
LUV	C	0.08%
CNP	A	0.08%
FSLR	F	0.08%
WDC	D	0.08%
INVH	D	0.08%
ZM	C	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
APO	B	0.08%
ILMN	C	0.08%
TDY	B	0.08%
ES	C	0.08%
RBA	A	0.07%
GPC	D	0.07%
TRMB	B	0.07%
J	D	0.07%
PNR	A	0.07%
TRU	D	0.07%
WRB	A	0.07%
WSO	A	0.07%
ARE	F	0.07%
BALL	F	0.07%
IBKR	A	0.07%
EWBC	A	0.06%
VRSN	C	0.06%
HES	B	0.06%
APTV	F	0.06%
ACM	B	0.06%
UDR	B	0.06%
JBHT	C	0.06%
AMCR	C	0.06%
DOC	C	0.06%
MKL	A	0.06%
ZBRA	B	0.06%
SUI	C	0.06%
BAX	F	0.06%
CVNA	B	0.06%
DG	F	0.06%
Z	A	0.05%
SOFI	B	0.05%
FDS	B	0.05%
MRNA	F	0.05%
BMRN	F	0.05%
NTNX	B	0.05%
FTI	A	0.05%
ALB	B	0.05%
ALLE	C	0.05%
EPAM	B	0.05%
BXP	C	0.05%
JKHY	D	0.05%
CHRW	B	0.05%
AFRM	A	0.05%
COHR	B	0.05%
SWK	D	0.05%
ELS	C	0.05%
DLTR	F	0.05%
TWLO	A	0.05%
RNR	C	0.05%
CW	C	0.05%
FFIV	B	0.05%
VLTO	C	0.05%
ZTS	D	0.05%
AVTR	F	0.05%
TW	A	0.04%
WCC	B	0.04%
GMED	A	0.04%
DCI	B	0.04%
BWXT	B	0.04%
ADP	A	0.04%
SOLV	D	0.04%
EL	F	0.04%
PNFP	B	0.04%
CNH	C	0.04%
GL	C	0.04%
MKTX	D	0.04%
WAL	B	0.04%
WTRG	B	0.04%
COIN	C	0.04%
DPZ	C	0.04%
CRL	D	0.04%
DAY	B	0.04%
AES	F	0.04%
GME	C	0.04%
ARMK	B	0.04%
LAD	A	0.04%
BLD	D	0.04%
WWD	C	0.04%
LKQ	F	0.04%
BKNG	A	0.04%
WBS	A	0.04%
FOXA	A	0.04%
CCK	D	0.04%
CTLT	C	0.04%
EVR	B	0.04%
NWSA	A	0.04%
FTNT	C	0.04%
AA	A	0.04%
CG	B	0.04%
FHN	A	0.04%
QCOM	F	0.04%
RRX	B	0.04%
SF	B	0.04%
AMAT	F	0.04%
KMX	B	0.04%
AIZ	A	0.04%
BJ	A	0.04%
COLB	B	0.03%
CGNX	D	0.03%
IVZ	B	0.03%
FAF	A	0.03%
KBR	F	0.03%
BILL	A	0.03%
ALGN	D	0.03%
AGNC	C	0.03%
MKSI	C	0.03%
VMI	B	0.03%
ALK	B	0.03%
WEX	D	0.03%
RLI	A	0.03%
DAR	C	0.03%
FND	D	0.03%
MTSI	B	0.03%
FCN	F	0.03%
GXO	B	0.03%
SSD	F	0.03%
ATI	C	0.03%
ESAB	C	0.03%
WH	B	0.03%
VNO	C	0.03%
VFC	C	0.03%
BBWI	C	0.03%
OSK	C	0.03%
MIDD	C	0.03%
LW	C	0.03%
MNST	C	0.03%
KEX	B	0.03%
DASH	B	0.03%
MHK	D	0.03%
SKX	D	0.03%
ADC	A	0.03%
HII	F	0.03%
BERY	C	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%
SHW	B	0.03%
CZR	F	0.03%
APG	B	0.03%
RL	C	0.03%
WTFC	A	0.03%
TKO	A	0.03%
SEIC	B	0.03%
ECL	D	0.03%
SNV	C	0.03%
CFR	B	0.03%
FICO	B	0.03%
HLI	A	0.03%
WAT	C	0.03%
VOYA	B	0.03%
NYT	D	0.03%
TTC	C	0.03%
MTZ	B	0.03%
CBSH	B	0.03%
GWRE	A	0.03%
GPK	C	0.03%
WYNN	C	0.03%
TTEK	F	0.03%
KNX	C	0.03%
AAL	B	0.03%
PTC	B	0.03%
AXTA	B	0.03%
OGN	F	0.02%
NWL	C	0.02%
SITE	F	0.02%
TPG	A	0.02%
GTES	A	0.02%
KMPR	A	0.02%
GAP	C	0.02%
AWI	A	0.02%
EEFT	B	0.02%
PSN	D	0.02%
WSC	F	0.02%
AZO	C	0.02%
DBX	B	0.02%
ST	F	0.02%
ROIV	C	0.02%
SEE	C	0.02%
AL	B	0.02%
BFAM	D	0.02%
OZK	B	0.02%
GNRC	C	0.02%
BC	C	0.02%
LFUS	D	0.02%
SN	D	0.02%
LEA	F	0.02%
WMS	F	0.02%
EXAS	D	0.02%
ORLY	B	0.02%
RGEN	D	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
FOX	A	0.02%
JHG	B	0.02%
H	B	0.02%
ONTO	F	0.02%
AGCO	D	0.02%
SAIA	B	0.02%
THG	A	0.02%
PVH	C	0.02%
XP	F	0.02%
VNT	C	0.02%
WHR	B	0.02%
AMG	B	0.02%
S	B	0.02%
WBA	F	0.02%
BIO	C	0.02%
ARW	D	0.02%
MTDR	B	0.02%
COLD	D	0.02%
BEN	C	0.02%
LNC	C	0.02%
NOV	C	0.02%
OKTA	C	0.02%
SIRI	C	0.02%
KD	B	0.02%
MSA	F	0.02%
MAT	D	0.02%
PARA	C	0.02%
DDS	B	0.01%
SNDR	B	0.01%
TRIP	F	0.01%
QS	F	0.01%
LEG	F	0.01%
UA	C	0.01%
LCID	F	0.01%
CLVT	D	0.01%
BIRK	D	0.01%
SHC	F	0.01%
VSTS	C	0.01%
RKT	F	0.01%
BR	A	0.01%
AZEK	A	0.01%
PSTG	D	0.01%
ETSY	D	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%
AZTA	D	0.01%
YETI	D	0.01%
ULTA	F	0.01%
ALGM	D	0.01%
HHH	B	0.01%
CPRI	F	0.01%
JWN	D	0.01%
HAYW	B	0.01%
ENOV	C	0.01%
BOKF	B	0.01%
MPW	F	0.01%
BROS	A	0.01%
AGR	A	0.01%
COTY	F	0.01%
COLM	C	0.01%
AMKR	D	0.01%
U	C	0.01%
AMED	F	0.01%
MAN	F	0.01%
SPR	D	0.01%
PENN	C	0.01%
LOPE	C	0.01%
VAC	C	0.01%
ZI	D	0.01%
MASI	B	0.01%
ZG	A	0.01%
ALNY	D	0.01%
CPRT	B	0.01%
BHF	C	0.01%
FHB	B	0.01%
UHAL	D	0.01%
IAC	F	0.01%
PII	F	0.01%
W	D	0.01%
NWS	A	0.01%
OLED	F	0.01%
PRGO	C	0.01%
GFS	C	0.01%
CIVI	D	0.01%
MDU	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%
CAR	C	0.0%
HAS	D	0.0%
INFA	D	0.0%
LBRDA	C	0.0%
DV	C	0.0%
NCNO	C	0.0%

GVUS Underweight 20 Positions Relative to JPME

Symbol	Grade	Weight
APP	B	-1.27%
VST	A	-0.71%
TRGP	A	-0.49%
TPL	A	-0.44%
TXRH	B	-0.43%
COR	B	-0.39%
IT	C	-0.38%
DECK	A	-0.38%
DVA	C	-0.38%
MANH	D	-0.37%
VVV	D	-0.36%
CLX	A	-0.35%
TSCO	D	-0.34%
VEEV	C	-0.28%
MEDP	D	-0.28%
MPWR	F	-0.27%
NBIX	C	-0.25%
UI	B	-0.25%
BAH	F	-0.14%
POOL	C	-0.13%