GVUS vs. SPXV ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to ProShares S&P 500 Ex-Health Care ETF (SPXV)

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

$51.23

Average Daily Volume

40,795

Number of Holdings ^*

836

* may have additional holdings in another (foreign) market

SPXV

ProShares S&P 500 Ex-Health Care ETF

SPXV Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Health Care Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Health Care Sector.

Grade (RS Rating)

Last Trade

$64.67

Average Daily Volume

641

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	SPXV
30 Days	5.27%	3.89%
60 Days	5.61%	5.58%
90 Days	7.11%	8.49%
12 Months		35.95%

382 Overlapping Holdings

	Symbol	Grade	Weight in GVUS	Weight in SPXV	Overlap
	ACGL	D	0.14%	0.09%	0.09%
	ACN	B	0.86%	0.5%	0.5%
	ADI	D	0.4%	0.23%	0.23%
	ADM	F	0.1%	0.06%	0.06%
	ADP	B	0.04%	0.27%	0.04%
	AEE	A	0.09%	0.05%	0.05%
	AEP	D	0.2%	0.12%	0.12%
	AES	F	0.04%	0.02%	0.02%
	AFL	B	0.24%	0.13%	0.13%
	AIG	B	0.19%	0.11%	0.11%
	AIZ	B	0.04%	0.03%	0.03%
	AJG	A	0.23%	0.15%	0.15%
	AKAM	F	0.05%	0.03%	0.03%
	ALB	C	0.05%	0.03%	0.03%
	ALL	B	0.17%	0.12%	0.12%
	ALLE	D	0.05%	0.03%	0.03%
	AMAT	F	0.04%	0.31%	0.04%
	AMCR	D	0.06%	0.03%	0.03%
	AMD	F	0.29%	0.49%	0.29%
	AME	A	0.17%	0.1%	0.1%
	AMP	B	0.02%	0.12%	0.02%
	ANSS	B	0.11%	0.07%	0.07%
	AON	A	0.29%	0.19%	0.19%
	AOS	D	0.03%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	A	0.27%	0.16%	0.16%
	APH	B	0.14%	0.19%	0.14%
	APTV	F	0.06%	0.03%	0.03%
	ARE	D	0.07%	0.04%	0.04%
	ATO	A	0.08%	0.05%	0.05%
	AVB	B	0.13%	0.07%	0.07%
	AVY	D	0.04%	0.04%	0.04%
	AWK	D	0.1%	0.06%	0.06%
	AXP	A	0.39%	0.36%	0.36%
	AZO	C	0.02%	0.12%	0.02%
	BA	D	0.31%	0.23%	0.23%
	BAC	A	1.23%	0.71%	0.71%
	BALL	D	0.07%	0.04%	0.04%
	BBY	D	0.08%	0.04%	0.04%
	BEN	C	0.02%	0.01%	0.01%
	BG	F	0.05%	0.03%	0.03%
	BK	A	0.22%	0.13%	0.13%
	BKNG	B	0.04%	0.38%	0.04%
	BKR	C	0.17%	0.1%	0.1%
	BLDR	C	0.07%	0.05%	0.05%
	BLK	C	0.6%	0.33%	0.33%
	BR	A	0.01%	0.06%	0.01%
	BRK.A	B	3.35%	1.94%	1.94%
	BRO	B	0.06%	0.06%	0.06%
	BWA	C	0.03%	0.02%	0.02%
	BXP	D	0.05%	0.03%	0.03%
	C	A	0.51%	0.29%	0.29%
	CAG	D	0.05%	0.03%	0.03%
	CARR	C	0.24%	0.14%	0.14%
	CAT	B	0.63%	0.42%	0.42%
	CB	D	0.45%	0.24%	0.24%
	CBOE	B	0.08%	0.05%	0.05%
	CBRE	B	0.16%	0.09%	0.09%
	CCI	D	0.18%	0.1%	0.1%
	CCL	B	0.09%	0.06%	0.06%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.23%	0.16%	0.16%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.08%	0.05%	0.05%
	CHD	B	0.1%	0.06%	0.06%
	CHRW	C	0.05%	0.03%	0.03%
	CHTR	C	0.14%	0.08%	0.08%
	CINF	A	0.09%	0.05%	0.05%
	CL	D	0.13%	0.17%	0.13%
	CMCSA	C	0.64%	0.37%	0.37%
	CME	A	0.32%	0.18%	0.18%
	CMI	A	0.19%	0.11%	0.11%
	CMS	C	0.08%	0.05%	0.05%
	CNP	A	0.08%	0.05%	0.05%
	COF	B	0.27%	0.16%	0.16%
	COP	D	0.51%	0.29%	0.29%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	A	0.01%	0.11%	0.01%
	CPT	B	0.05%	0.03%	0.03%
	CRM	B	0.18%	0.71%	0.18%
	CSCO	A	0.91%	0.52%	0.52%
	CSGP	C	0.11%	0.07%	0.07%
	CSX	B	0.27%	0.15%	0.15%
	CTAS	B	0.01%	0.17%	0.01%
	CTRA	B	0.07%	0.04%	0.04%
	CTSH	B	0.15%	0.09%	0.09%
	CTVA	B	0.15%	0.09%	0.09%
	CVX	B	1.08%	0.62%	0.62%
	CZR	D	0.03%	0.02%	0.02%
	D	C	0.19%	0.11%	0.11%
	DAL	B	0.16%	0.09%	0.09%
	DAY	A	0.04%	0.03%	0.03%
	DD	D	0.13%	0.08%	0.08%
	DE	B	0.39%	0.23%	0.23%
	DELL	C	0.12%	0.08%	0.08%
	DFS	B	0.17%	0.1%	0.1%
	DG	F	0.06%	0.04%	0.04%
	DHI	D	0.19%	0.11%	0.11%
	DIS	B	0.82%	0.47%	0.47%
	DLR	A	0.23%	0.12%	0.12%
	DLTR	D	0.05%	0.03%	0.03%
	DOC	C	0.06%	0.03%	0.03%
	DOV	A	0.11%	0.06%	0.06%
	DOW	F	0.12%	0.07%	0.07%
	DPZ	C	0.04%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.1%	0.06%	0.06%
	DUK	C	0.34%	0.19%	0.19%
	DVN	F	0.09%	0.05%	0.05%
	EA	C	0.17%	0.09%	0.09%
	EBAY	C	0.12%	0.07%	0.07%
	ECL	D	0.03%	0.14%	0.03%
	ED	D	0.13%	0.07%	0.07%
	EFX	D	0.09%	0.07%	0.07%
	EG	C	0.05%	0.04%	0.04%
	EIX	A	0.12%	0.07%	0.07%
	EL	F	0.04%	0.03%	0.03%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.28%	0.16%	0.16%
	EOG	C	0.3%	0.17%	0.17%
	EPAM	C	0.05%	0.03%	0.03%
	EQIX	A	0.31%	0.19%	0.19%
	EQR	B	0.11%	0.06%	0.06%
	EQT	B	0.09%	0.06%	0.06%
	ES	D	0.08%	0.05%	0.05%
	ESS	B	0.08%	0.04%	0.04%
	ETN	A	0.56%	0.32%	0.32%
	ETR	B	0.12%	0.07%	0.07%
	EVRG	A	0.06%	0.03%	0.03%
	EXC	D	0.15%	0.09%	0.09%
	EXPD	C	0.06%	0.04%	0.04%
	EXR	C	0.13%	0.08%	0.08%
	F	C	0.17%	0.1%	0.1%
	FANG	F	0.13%	0.07%	0.07%
	FAST	B	0.03%	0.11%	0.03%
	FCX	F	0.24%	0.14%	0.14%
	FDS	B	0.05%	0.04%	0.04%
	FDX	B	0.26%	0.15%	0.15%
	FE	D	0.09%	0.05%	0.05%
	FFIV	A	0.05%	0.03%	0.03%
	FI	A	0.32%	0.27%	0.27%
	FICO	B	0.03%	0.13%	0.03%
	FIS	D	0.19%	0.11%	0.11%
	FITB	B	0.12%	0.07%	0.07%
	FMC	D	0.03%	0.02%	0.02%
	FOX	B	0.02%	0.01%	0.01%
	FOXA	C	0.04%	0.02%	0.02%
	FRT	A	0.04%	0.02%	0.02%
	FSLR	F	0.08%	0.05%	0.05%
	FTNT	C	0.04%	0.13%	0.04%
	FTV	B	0.1%	0.06%	0.06%
	GD	F	0.31%	0.17%	0.17%
	GE	D	0.59%	0.43%	0.43%
	GEN	A	0.06%	0.04%	0.04%
	GEV	C	0.35%	0.2%	0.2%
	GIS	D	0.14%	0.08%	0.08%
	GL	C	0.04%	0.02%	0.02%
	GLW	B	0.14%	0.08%	0.08%
	GM	B	0.25%	0.14%	0.14%
	GNRC	B	0.02%	0.02%	0.02%
	GPC	D	0.07%	0.04%	0.04%
	GPN	C	0.11%	0.07%	0.07%
	GRMN	A	0.12%	0.07%	0.07%
	GS	B	0.53%	0.42%	0.42%
	GWW	A	0.03%	0.12%	0.03%
	HAL	C	0.1%	0.06%	0.06%
	HAS	D	0.0%	0.02%	0.0%
	HBAN	B	0.1%	0.06%	0.06%
	HD	A	0.32%	0.91%	0.32%
	HES	C	0.06%	0.09%	0.06%
	HIG	B	0.13%	0.08%	0.08%
	HII	F	0.03%	0.02%	0.02%
	HLT	A	0.12%	0.14%	0.12%
	HON	B	0.49%	0.33%	0.33%
	HPE	B	0.11%	0.06%	0.06%
	HPQ	B	0.11%	0.08%	0.08%
	HRL	D	0.03%	0.02%	0.02%
	HST	C	0.05%	0.03%	0.03%
	HSY	F	0.08%	0.06%	0.06%
	HUBB	B	0.09%	0.05%	0.05%
	HWM	B	0.17%	0.1%	0.1%
	IBM	C	0.73%	0.42%	0.42%
	ICE	D	0.34%	0.2%	0.2%
	IEX	B	0.07%	0.04%	0.04%
	IFF	D	0.09%	0.05%	0.05%
	INTC	C	0.4%	0.23%	0.23%
	INVH	D	0.08%	0.04%	0.04%
	IP	B	0.08%	0.04%	0.04%
	IPG	C	0.04%	0.02%	0.02%
	IR	A	0.16%	0.09%	0.09%
	IRM	C	0.06%	0.08%	0.06%
	ITW	A	0.19%	0.17%	0.17%
	IVZ	B	0.03%	0.02%	0.02%
	J	F	0.07%	0.04%	0.04%
	JBHT	C	0.06%	0.03%	0.03%
	JBL	C	0.05%	0.03%	0.03%
	JCI	C	0.22%	0.13%	0.13%
	JKHY	D	0.05%	0.03%	0.03%
	JNPR	F	0.05%	0.03%	0.03%
	JPM	B	2.73%	1.57%	1.57%
	K	A	0.08%	0.05%	0.05%
	KDP	D	0.14%	0.08%	0.08%
	KEY	A	0.07%	0.04%	0.04%
	KEYS	B	0.1%	0.06%	0.06%
	KHC	D	0.11%	0.06%	0.06%
	KIM	A	0.06%	0.04%	0.04%
	KKR	B	0.28%	0.23%	0.23%
	KMB	C	0.1%	0.1%	0.1%
	KMI	B	0.21%	0.12%	0.12%
	KMX	B	0.04%	0.03%	0.03%
	KO	D	0.4%	0.54%	0.4%
	KR	A	0.15%	0.09%	0.09%
	KVUE	A	0.18%	0.1%	0.1%
	L	B	0.06%	0.03%	0.03%
	LDOS	D	0.08%	0.05%	0.05%
	LEN	C	0.16%	0.09%	0.09%
	LEN	C	0.01%	0.09%	0.01%
	LHX	C	0.18%	0.11%	0.11%
	LIN	D	0.84%	0.48%	0.48%
	LKQ	D	0.04%	0.02%	0.02%
	LMT	D	0.3%	0.26%	0.26%
	LNT	A	0.06%	0.04%	0.04%
	LOW	C	0.6%	0.34%	0.34%
	LUV	B	0.08%	0.04%	0.04%
	LW	C	0.03%	0.02%	0.02%
	LYB	F	0.08%	0.05%	0.05%
	MAA	B	0.07%	0.04%	0.04%
	MAR	A	0.25%	0.15%	0.15%
	MAS	C	0.07%	0.04%	0.04%
	MCD	D	0.77%	0.47%	0.47%
	MCHP	F	0.13%	0.08%	0.08%
	MDLZ	F	0.34%	0.19%	0.19%
	MET	A	0.19%	0.11%	0.11%
	MGM	F	0.03%	0.02%	0.02%
	MHK	D	0.03%	0.02%	0.02%
	MKC	D	0.07%	0.04%	0.04%
	MKTX	D	0.04%	0.02%	0.02%
	MLM	B	0.13%	0.08%	0.08%
	MMC	A	0.37%	0.24%	0.24%
	MMM	D	0.23%	0.16%	0.16%
	MNST	B	0.03%	0.08%	0.03%
	MO	A	0.37%	0.21%	0.21%
	MOS	F	0.03%	0.02%	0.02%
	MPC	F	0.22%	0.12%	0.12%
	MRO	B	0.06%	0.04%	0.04%
	MS	B	0.57%	0.38%	0.38%
	MSCI	C	0.08%	0.1%	0.08%
	MSI	C	0.16%	0.18%	0.16%
	MTB	B	0.14%	0.08%	0.08%
	MTCH	F	0.03%	0.02%	0.02%
	MU	D	0.41%	0.24%	0.24%
	NDAQ	A	0.13%	0.07%	0.07%
	NDSN	B	0.06%	0.03%	0.03%
	NEE	D	0.61%	0.35%	0.35%
	NEM	F	0.18%	0.11%	0.11%
	NI	A	0.06%	0.04%	0.04%
	NKE	F	0.14%	0.21%	0.14%
	NOC	D	0.26%	0.15%	0.15%
	NRG	C	0.04%	0.04%	0.04%
	NSC	A	0.23%	0.13%	0.13%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.08%	0.05%	0.05%
	NUE	D	0.14%	0.08%	0.08%
	NVR	D	0.1%	0.08%	0.08%
	NWS	B	0.01%	0.01%	0.01%
	NWSA	B	0.04%	0.02%	0.02%
	O	D	0.19%	0.11%	0.11%
	OKE	C	0.25%	0.14%	0.14%
	OMC	C	0.07%	0.04%	0.04%
	ON	C	0.11%	0.06%	0.06%
	ORLY	B	0.02%	0.16%	0.02%
	OTIS	C	0.16%	0.09%	0.09%
	OXY	F	0.13%	0.08%	0.08%
	PARA	C	0.02%	0.01%	0.01%
	PAYC	A	0.02%	0.02%	0.02%
	PAYX	B	0.11%	0.1%	0.1%
	PCAR	B	0.22%	0.13%	0.13%
	PCG	B	0.18%	0.1%	0.1%
	PEG	A	0.17%	0.1%	0.1%
	PEP	F	0.18%	0.49%	0.18%
	PFG	C	0.08%	0.04%	0.04%
	PG	A	1.21%	0.9%	0.9%
	PGR	A	0.09%	0.34%	0.09%
	PH	A	0.35%	0.2%	0.2%
	PHM	C	0.1%	0.06%	0.06%
	PKG	B	0.08%	0.05%	0.05%
	PLD	D	0.41%	0.24%	0.24%
	PM	B	0.78%	0.45%	0.45%
	PNC	A	0.32%	0.19%	0.19%
	PNR	B	0.07%	0.04%	0.04%
	PNW	B	0.04%	0.02%	0.02%
	PPG	D	0.11%	0.06%	0.06%
	PPL	B	0.1%	0.06%	0.06%
	PRU	A	0.18%	0.1%	0.1%
	PSA	C	0.17%	0.12%	0.12%
	PSX	C	0.21%	0.12%	0.12%
	PTC	A	0.03%	0.05%	0.03%
	PWR	A	0.13%	0.11%	0.11%
	PYPL	A	0.34%	0.2%	0.2%
	QCOM	F	0.04%	0.4%	0.04%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	B	0.14%	0.12%	0.12%
	REG	B	0.05%	0.03%	0.03%
	RF	B	0.09%	0.05%	0.05%
	RJF	A	0.12%	0.07%	0.07%
	RL	B	0.03%	0.02%	0.02%
	ROK	B	0.12%	0.07%	0.07%
	ROP	B	0.23%	0.13%	0.13%
	ROST	C	0.14%	0.1%	0.1%
	RSG	A	0.17%	0.1%	0.1%
	RTX	D	0.61%	0.35%	0.35%
	SBAC	D	0.09%	0.05%	0.05%
	SBUX	B	0.1%	0.25%	0.1%
	SCHW	A	0.42%	0.27%	0.27%
	SHW	A	0.03%	0.2%	0.03%
	SJM	D	0.04%	0.03%	0.03%
	SLB	C	0.24%	0.14%	0.14%
	SNA	A	0.07%	0.04%	0.04%
	SO	D	0.37%	0.22%	0.22%
	SPG	C	0.17%	0.12%	0.12%
	SPGI	C	0.61%	0.36%	0.36%
	SRE	A	0.23%	0.13%	0.13%
	STLD	B	0.08%	0.05%	0.05%
	STT	A	0.11%	0.06%	0.06%
	STZ	D	0.15%	0.08%	0.08%
	SW	B	0.1%	0.06%	0.06%
	SWK	D	0.05%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYF	A	0.1%	0.06%	0.06%
	SYY	C	0.06%	0.08%	0.06%
	T	A	0.63%	0.37%	0.37%
	TAP	C	0.04%	0.02%	0.02%
	TDG	D	0.21%	0.16%	0.16%
	TDY	B	0.08%	0.05%	0.05%
	TER	F	0.01%	0.04%	0.01%
	TFC	B	0.24%	0.14%	0.14%
	TGT	F	0.27%	0.16%	0.16%
	TJX	A	0.22%	0.3%	0.22%
	TMUS	A	0.44%	0.26%	0.26%
	TPR	A	0.05%	0.03%	0.03%
	TRMB	B	0.07%	0.04%	0.04%
	TROW	A	0.1%	0.06%	0.06%
	TRV	B	0.23%	0.13%	0.13%
	TSN	B	0.07%	0.04%	0.04%
	TT	B	0.24%	0.21%	0.21%
	TTWO	B	0.12%	0.07%	0.07%
	TXN	D	0.63%	0.41%	0.41%
	TXT	D	0.06%	0.04%	0.04%
	TYL	A	0.01%	0.06%	0.01%
	UAL	B	0.12%	0.07%	0.07%
	UDR	B	0.06%	0.03%	0.03%
	ULTA	F	0.01%	0.04%	0.01%
	UNP	C	0.29%	0.32%	0.29%
	UPS	C	0.38%	0.22%	0.22%
	URI	B	0.17%	0.12%	0.12%
	USB	A	0.3%	0.17%	0.17%
	VICI	C	0.13%	0.07%	0.07%
	VLO	C	0.17%	0.1%	0.1%
	VLTO	C	0.05%	0.06%	0.05%
	VMC	B	0.11%	0.08%	0.08%
	VRSN	F	0.06%	0.03%	0.03%
	VTR	D	0.1%	0.06%	0.06%
	VZ	B	0.68%	0.39%	0.39%
	WAB	B	0.13%	0.08%	0.08%
	WBA	D	0.02%	0.01%	0.01%
	WBD	C	0.09%	0.05%	0.05%
	WDC	C	0.08%	0.05%	0.05%
	WEC	A	0.12%	0.07%	0.07%
	WELL	C	0.32%	0.18%	0.18%
	WFC	A	1.01%	0.57%	0.57%
	WMB	B	0.27%	0.15%	0.15%
	WMT	B	1.42%	0.82%	0.82%
	WRB	A	0.07%	0.04%	0.04%
	WTW	B	0.12%	0.07%	0.07%
	WY	D	0.09%	0.05%	0.05%
	WYNN	D	0.03%	0.02%	0.02%
	XEL	A	0.15%	0.09%	0.09%
	XOM	C	2.08%	1.19%	1.19%
	XYL	D	0.11%	0.07%	0.07%
	YUM	B	0.09%	0.08%	0.08%
	ZBRA	A	0.06%	0.04%	0.04%

GVUS Overweight 454 Positions Relative to SPXV

	Symbol	Grade	Weight
	UNH	B	1.98%
	JNJ	D	1.44%
	ABT	B	0.78%
	TMO	F	0.76%
	ABBV	D	0.65%
	DHR	D	0.58%
	PFE	D	0.55%
	BSX	C	0.5%
	MDT	D	0.44%
	BMY	B	0.44%
	GILD	B	0.43%
	SYK	C	0.39%
	CI	D	0.32%
	ELV	F	0.31%
	REGN	F	0.28%
	MRVL	B	0.27%
	CVS	D	0.26%
	BDX	F	0.25%
	VRTX	D	0.23%
	HCA	F	0.19%
	MSTR	C	0.19%
	MCK	C	0.17%
	A	D	0.14%
	GEHC	F	0.13%
	EW	C	0.13%
	HUM	C	0.13%
	AMGN	D	0.13%
	CNC	F	0.12%
	IQV	F	0.12%
	SQ	B	0.11%
	RMD	C	0.1%
	MTD	F	0.1%
	FCNCA	B	0.1%
	ZBH	C	0.09%
	BIIB	F	0.09%
	LNG	B	0.09%
	LH	B	0.08%
	ZM	B	0.08%
	HOOD	B	0.08%
	APO	A	0.08%
	ILMN	C	0.08%
	STE	F	0.08%
	OC	B	0.07%
	RBA	B	0.07%
	TRU	D	0.07%
	CSL	B	0.07%
	RS	B	0.07%
	DGX	B	0.07%
	WSO	A	0.07%
	HOLX	D	0.07%
	IBKR	B	0.07%
	EWBC	B	0.06%
	ACM	A	0.06%
	THC	D	0.06%
	USFD	A	0.06%
	MKL	A	0.06%
	GGG	B	0.06%
	RGA	A	0.06%
	VTRS	B	0.06%
	SUI	D	0.06%
	SSNC	A	0.06%
	FNF	B	0.06%
	TOL	A	0.06%
	UTHR	C	0.06%
	BAX	F	0.06%
	CVNA	B	0.06%
	Z	B	0.05%
	UHS	D	0.05%
	OVV	C	0.05%
	CAH	B	0.05%
	SOFI	B	0.05%
	MRNA	F	0.05%
	BMRN	F	0.05%
	SCI	A	0.05%
	NVT	B	0.05%
	NTNX	B	0.05%
	FTI	A	0.05%
	WPC	D	0.05%
	CLH	B	0.05%
	ITT	A	0.05%
	CASY	B	0.05%
	AMH	C	0.05%
	AFRM	B	0.05%
	COHR	C	0.05%
	GLPI	B	0.05%
	ELS	C	0.05%
	RPM	A	0.05%
	RVTY	D	0.05%
	UNM	A	0.05%
	TWLO	B	0.05%
	RNR	C	0.05%
	CW	B	0.05%
	EME	B	0.05%
	ZTS	D	0.05%
	AVTR	F	0.05%
	TFX	F	0.04%
	TW	B	0.04%
	WCC	B	0.04%
	GMED	A	0.04%
	QGEN	D	0.04%
	CMA	A	0.04%
	REXR	F	0.04%
	DCI	A	0.04%
	BWXT	B	0.04%
	FBIN	D	0.04%
	RGLD	D	0.04%
	SOLV	C	0.04%
	INGR	B	0.04%
	BRBR	B	0.04%
	PNFP	B	0.04%
	ORI	A	0.04%
	AYI	B	0.04%
	CNH	A	0.04%
	JEF	A	0.04%
	CIEN	B	0.04%
	DOX	D	0.04%
	WAL	B	0.04%
	WTRG	B	0.04%
	COIN	B	0.04%
	CRL	C	0.04%
	EHC	B	0.04%
	DTM	B	0.04%
	OHI	D	0.04%
	GME	C	0.04%
	ARMK	A	0.04%
	LAD	B	0.04%
	AFG	A	0.04%
	RPRX	D	0.04%
	BLD	C	0.04%
	WWD	B	0.04%
	WBS	B	0.04%
	DKS	C	0.04%
	ALSN	B	0.04%
	PRI	A	0.04%
	CACI	D	0.04%
	TECH	C	0.04%
	CCK	D	0.04%
	CTLT	B	0.04%
	EVR	B	0.04%
	CUBE	D	0.04%
	PFGC	A	0.04%
	AA	A	0.04%
	CG	B	0.04%
	ATR	B	0.04%
	FHN	B	0.04%
	RRX	A	0.04%
	INCY	C	0.04%
	SF	B	0.04%
	BJ	B	0.04%
	COLB	B	0.03%
	CGNX	C	0.03%
	FAF	B	0.03%
	KBR	F	0.03%
	LSTR	B	0.03%
	BILL	A	0.03%
	ALGN	D	0.03%
	STAG	D	0.03%
	AGNC	D	0.03%
	MKSI	C	0.03%
	MTG	B	0.03%
	HRB	D	0.03%
	VMI	A	0.03%
	ALK	A	0.03%
	AXS	A	0.03%
	WEX	F	0.03%
	WSM	B	0.03%
	RLI	A	0.03%
	DAR	C	0.03%
	DINO	F	0.03%
	FND	C	0.03%
	MTSI	B	0.03%
	FCN	D	0.03%
	ELAN	F	0.03%
	GXO	B	0.03%
	SSD	C	0.03%
	ATI	D	0.03%
	FR	C	0.03%
	GNTX	C	0.03%
	COKE	C	0.03%
	ESAB	B	0.03%
	WH	A	0.03%
	VNO	B	0.03%
	VFC	C	0.03%
	BBWI	C	0.03%
	R	B	0.03%
	OSK	B	0.03%
	MIDD	B	0.03%
	PR	C	0.03%
	LBRDK	C	0.03%
	PB	B	0.03%
	ROKU	D	0.03%
	JAZZ	B	0.03%
	KEX	B	0.03%
	DASH	A	0.03%
	SKX	D	0.03%
	RHI	C	0.03%
	CHE	D	0.03%
	ADC	B	0.03%
	NNN	D	0.03%
	BERY	B	0.03%
	G	B	0.03%
	CRBG	B	0.03%
	FLS	A	0.03%
	RIVN	D	0.03%
	CHRD	F	0.03%
	RRC	B	0.03%
	ACI	C	0.03%
	X	C	0.03%
	APG	B	0.03%
	WTFC	B	0.03%
	TKO	B	0.03%
	SEIC	A	0.03%
	SNV	B	0.03%
	CFR	B	0.03%
	LAMR	C	0.03%
	HLI	A	0.03%
	WAT	B	0.03%
	LECO	C	0.03%
	EGP	D	0.03%
	VOYA	B	0.03%
	NYT	C	0.03%
	TTC	D	0.03%
	CR	B	0.03%
	MTZ	B	0.03%
	ALLY	C	0.03%
	CBSH	B	0.03%
	JLL	B	0.03%
	OGE	A	0.03%
	FYBR	D	0.03%
	GWRE	B	0.03%
	GPK	C	0.03%
	ZION	B	0.03%
	TTEK	F	0.03%
	BRX	A	0.03%
	SNX	C	0.03%
	KNX	B	0.03%
	AAL	B	0.03%
	HSIC	B	0.03%
	AR	B	0.03%
	RBC	B	0.03%
	WST	C	0.03%
	AXTA	A	0.03%
	OGN	F	0.02%
	NWL	A	0.02%
	SITE	C	0.02%
	WTM	A	0.02%
	HOG	F	0.02%
	FLO	C	0.02%
	TPG	B	0.02%
	DLB	B	0.02%
	AN	B	0.02%
	M	D	0.02%
	GTES	A	0.02%
	WLK	D	0.02%
	KMPR	B	0.02%
	GAP	C	0.02%
	AWI	B	0.02%
	EEFT	B	0.02%
	RYN	C	0.02%
	SLGN	A	0.02%
	PSN	D	0.02%
	WSC	D	0.02%
	KRC	C	0.02%
	CUZ	B	0.02%
	DBX	C	0.02%
	ST	F	0.02%
	CROX	F	0.02%
	ROIV	B	0.02%
	AVT	C	0.02%
	FRPT	B	0.02%
	AGO	A	0.02%
	SON	D	0.02%
	HXL	D	0.02%
	SEE	C	0.02%
	OLN	F	0.02%
	BYD	B	0.02%
	TKR	D	0.02%
	AL	A	0.02%
	UGI	A	0.02%
	BFAM	F	0.02%
	OZK	B	0.02%
	POST	B	0.02%
	BC	C	0.02%
	SLM	B	0.02%
	LFUS	D	0.02%
	SN	D	0.02%
	LEA	F	0.02%
	WMS	F	0.02%
	LITE	B	0.02%
	CRUS	F	0.02%
	EXAS	F	0.02%
	RGEN	D	0.02%
	NFG	B	0.02%
	OLLI	C	0.02%
	DOCS	C	0.02%
	THO	B	0.02%
	JHG	A	0.02%
	H	A	0.02%
	ONTO	F	0.02%
	IDA	B	0.02%
	AGCO	D	0.02%
	SAIA	C	0.02%
	THG	C	0.02%
	PVH	C	0.02%
	FNB	B	0.02%
	XP	F	0.02%
	VNT	C	0.02%
	STWD	C	0.02%
	WHR	B	0.02%
	AMG	B	0.02%
	S	B	0.02%
	BPOP	B	0.02%
	BIO	D	0.02%
	ARW	D	0.02%
	MTDR	C	0.02%
	COLD	F	0.02%
	ESI	B	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	C	0.02%
	MAT	D	0.02%
	DDS	B	0.01%
	SNDR	B	0.01%
	TRIP	F	0.01%
	REYN	D	0.01%
	FTRE	C	0.01%
	QS	F	0.01%
	WEN	D	0.01%
	LEG	D	0.01%
	EXEL	A	0.01%
	CNXC	F	0.01%
	UA	C	0.01%
	LCID	F	0.01%
	CLVT	F	0.01%
	BIRK	C	0.01%
	SHC	F	0.01%
	ADTN	B	0.01%
	VSTS	C	0.01%
	RKT	F	0.01%
	CRI	F	0.01%
	PPC	C	0.01%
	AZEK	B	0.01%
	BRKR	F	0.01%
	PSTG	D	0.01%
	GO	C	0.01%
	KSS	F	0.01%
	ETSY	D	0.01%
	LYFT	C	0.01%
	MP	A	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	B	0.01%
	JWN	A	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	A	0.01%
	VIRT	B	0.01%
	AMKR	F	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	C	0.01%
	SPR	D	0.01%
	PENN	C	0.01%
	NSA	C	0.01%
	LOPE	B	0.01%
	SMG	C	0.01%
	VAC	B	0.01%
	ZI	C	0.01%
	HUN	F	0.01%
	MASI	A	0.01%
	ZG	B	0.01%
	EPR	D	0.01%
	ALNY	D	0.01%
	BHF	B	0.01%
	ACHC	F	0.01%
	ASH	F	0.01%
	AM	B	0.01%
	FHB	B	0.01%
	CLF	F	0.01%
	UHAL	D	0.01%
	IAC	D	0.01%
	PII	F	0.01%
	HIW	D	0.01%
	NVST	C	0.01%
	W	D	0.01%
	NEU	C	0.01%
	OLED	F	0.01%
	PRGO	C	0.01%
	GFS	C	0.01%
	TNL	A	0.01%
	MSM	C	0.01%
	CIVI	D	0.01%
	MDU	F	0.01%
	MSGS	B	0.01%
	DNB	B	0.01%
	DXC	B	0.01%
	PLNT	B	0.01%
	XRAY	F	0.01%
	RH	B	0.01%
	SEG	B	0.0%
	UWMC	F	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	D	0.0%
	LSCC	D	0.0%
	TFSL	B	0.0%
	FIVE	D	0.0%
	MTN	C	0.0%
	CAR	C	0.0%
	CNA	B	0.0%
	INFA	D	0.0%
	LBRDA	C	0.0%
	CWEN	C	0.0%
	DV	C	0.0%
	NCNO	B	0.0%

GVUS Underweight 57 Positions Relative to SPXV

	Symbol	Grade	Weight
	NVDA	C	-7.84%
	AAPL	B	-7.68%
	MSFT	D	-6.93%
	AMZN	C	-4.25%
	META	D	-2.72%
	GOOGL	C	-2.27%
	TSLA	B	-2.0%
	GOOG	C	-1.88%
	AVGO	D	-1.72%
	V	A	-1.16%
	MA	B	-0.97%
	COST	B	-0.9%
	NFLX	B	-0.79%
	ORCL	C	-0.66%
	ADBE	C	-0.5%
	NOW	B	-0.47%
	INTU	C	-0.43%
	UBER	D	-0.35%
	PLTR	B	-0.3%
	BX	B	-0.29%
	PANW	C	-0.28%
	ANET	C	-0.22%
	AMT	D	-0.21%
	LRCX	F	-0.21%
	KLAC	F	-0.19%
	CRWD	B	-0.18%
	CDNS	B	-0.18%
	WM	A	-0.18%
	SNPS	B	-0.18%
	CMG	B	-0.18%
	MCO	A	-0.17%
	ADSK	B	-0.15%
	ABNB	C	-0.13%
	NXPI	D	-0.12%
	VST	B	-0.11%
	TRGP	B	-0.1%
	AXON	B	-0.1%
	VRSK	A	-0.09%
	IT	C	-0.09%
	ODFL	B	-0.09%
	LULU	C	-0.08%
	TSCO	C	-0.07%
	CPAY	A	-0.06%
	GDDY	B	-0.06%
	DECK	A	-0.06%
	MPWR	F	-0.06%
	LYV	A	-0.05%
	STX	D	-0.05%
	CLX	C	-0.05%
	EXPE	B	-0.05%
	LVS	C	-0.04%
	NCLH	B	-0.03%
	POOL	C	-0.03%
	ROL	B	-0.03%
	ENPH	F	-0.02%
	SMCI	D	-0.02%
	ERIE	D	-0.02%

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

SPXV: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Packaged Foods Specialty Retail Credit Services Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Chemicals Utilities - Diversified Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Real Estate Investment Trust Aerospace Telecommunications Bank Chemical Semiconductor Banking Petroleum Industry Transport Insurance Products Investment Bank Mining