GVUS vs. VCLT ETF Comparison

Comparison of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) to Vanguard Long-Term Corporate Bond ETF (VCLT)

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

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$76.71

Average Daily Volume

2,376,656

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	GVUS	VCLT
30 Days	2.39%	-0.42%
60 Days	4.06%	-5.07%
90 Days	5.58%	-3.71%
12 Months		8.25%

288 Overlapping Holdings

Symbol	Grade	Weight in GVUS	Weight in VCLT	Overlap
AAL	B	0.03%	0.03%	0.03%
ABBV	D	0.65%	0.03%	0.03%
ABT	B	0.78%	0.03%	0.03%
ACGL	D	0.14%	0.01%	0.01%
ADC	B	0.03%	0.01%	0.01%
ADI	D	0.4%	0.02%	0.02%
ADM	D	0.1%	0.01%	0.01%
AEE	A	0.09%	0.01%	0.01%
AEP	D	0.2%	0.01%	0.01%
AES	F	0.04%	0.01%	0.01%
AFG	A	0.04%	0.02%	0.02%
AFL	B	0.24%	0.02%	0.02%
AGO	B	0.02%	0.01%	0.01%
AIG	B	0.19%	0.01%	0.01%
AJG	B	0.23%	0.02%	0.02%
ALB	C	0.05%	0.01%	0.01%
ALL	A	0.17%	0.01%	0.01%
ALLY	C	0.03%	0.03%	0.03%
AMAT	F	0.04%	0.03%	0.03%
AMGN	D	0.13%	0.01%	0.01%
AMH	D	0.05%	0.01%	0.01%
AON	A	0.29%	0.01%	0.01%
APD	A	0.27%	0.03%	0.03%
APTV	D	0.06%	0.01%	0.01%
ARE	D	0.07%	0.01%	0.01%
ATO	A	0.08%	0.01%	0.01%
AVB	B	0.13%	0.01%	0.01%
AVY	D	0.04%	0.02%	0.02%
AWK	D	0.1%	0.01%	0.01%
AXP	A	0.39%	0.06%	0.06%
BA	F	0.31%	0.01%	0.01%
BAC	A	1.23%	0.02%	0.02%
BAX	D	0.06%	0.02%	0.02%
BDX	F	0.25%	0.01%	0.01%
BEN	C	0.02%	0.01%	0.01%
BHF	B	0.01%	0.04%	0.01%
BIIB	F	0.09%	0.05%	0.05%
BMY	B	0.44%	0.03%	0.03%
BSX	B	0.5%	0.01%	0.01%
BWA	D	0.03%	0.01%	0.01%
BXP	D	0.05%	0.01%	0.01%
C	A	0.51%	0.01%	0.01%
CACC	D	0.0%	0.01%	0.0%
CAG	D	0.05%	0.05%	0.05%
CAH	B	0.05%	0.01%	0.01%
CARR	D	0.24%	0.06%	0.06%
CAT	B	0.63%	0.01%	0.01%
CB	C	0.45%	0.03%	0.03%
CCI	D	0.18%	0.02%	0.02%
CF	B	0.06%	0.03%	0.03%
CFG	B	0.08%	0.03%	0.03%
CHD	B	0.1%	0.02%	0.02%
CHTR	C	0.14%	0.03%	0.03%
CI	F	0.32%	0.02%	0.02%
CINF	A	0.09%	0.02%	0.02%
CL	D	0.13%	0.02%	0.02%
CMCSA	B	0.64%	0.01%	0.01%
CME	A	0.32%	0.03%	0.03%
CMI	A	0.19%	0.02%	0.02%
CMS	C	0.08%	0.01%	0.01%
CNP	B	0.08%	0.01%	0.01%
COP	C	0.51%	0.02%	0.02%
CPB	D	0.03%	0.02%	0.02%
CPT	B	0.05%	0.03%	0.03%
CRM	B	0.18%	0.05%	0.05%
CSCO	B	0.91%	0.07%	0.07%
CSX	B	0.27%	0.01%	0.01%
CVS	D	0.26%	0.01%	0.01%
CVX	A	1.08%	0.02%	0.02%
D	C	0.19%	0.01%	0.01%
DD	D	0.13%	0.07%	0.07%
DE	A	0.39%	0.02%	0.02%
DELL	C	0.12%	0.11%	0.11%
DG	F	0.06%	0.03%	0.03%
DHR	F	0.58%	0.02%	0.02%
DIS	B	0.82%	0.01%	0.01%
DOC	D	0.06%	0.01%	0.01%
DOV	A	0.11%	0.01%	0.01%
DOW	F	0.12%	0.02%	0.02%
DRI	B	0.04%	0.01%	0.01%
DTE	C	0.1%	0.01%	0.01%
DUK	C	0.34%	0.01%	0.01%
DVN	F	0.09%	0.03%	0.03%
EA	A	0.17%	0.01%	0.01%
EBAY	D	0.12%	0.03%	0.03%
ECL	D	0.03%	0.02%	0.02%
ED	D	0.13%	0.01%	0.01%
EG	C	0.05%	0.02%	0.02%
EIX	B	0.12%	0.01%	0.01%
EL	F	0.04%	0.01%	0.01%
EMN	D	0.05%	0.02%	0.02%
EMR	A	0.28%	0.01%	0.01%
EOG	A	0.3%	0.01%	0.01%
EQIX	A	0.31%	0.01%	0.01%
EQR	B	0.11%	0.01%	0.01%
ES	D	0.08%	0.02%	0.02%
ESS	B	0.08%	0.01%	0.01%
ETN	A	0.56%	0.01%	0.01%
ETR	B	0.12%	0.01%	0.01%
EVRG	A	0.06%	0.01%	0.01%
EXC	C	0.15%	0.01%	0.01%
EXR	D	0.13%	0.01%	0.01%
FANG	D	0.13%	0.03%	0.03%
FDX	B	0.26%	0.01%	0.01%
FE	C	0.09%	0.02%	0.02%
FIS	C	0.19%	0.02%	0.02%
FITB	A	0.12%	0.07%	0.07%
FMC	D	0.03%	0.02%	0.02%
FNF	B	0.06%	0.01%	0.01%
FOXA	B	0.04%	0.07%	0.04%
FRT	B	0.04%	0.01%	0.01%
FTV	C	0.1%	0.03%	0.03%
GD	F	0.31%	0.01%	0.01%
GE	D	0.59%	0.02%	0.02%
GILD	C	0.43%	0.02%	0.02%
GIS	D	0.14%	0.01%	0.01%
GLW	B	0.14%	0.01%	0.01%
GM	B	0.25%	0.01%	0.01%
GPN	B	0.11%	0.04%	0.04%
GS	A	0.53%	0.01%	0.01%
GWW	B	0.03%	0.02%	0.02%
HAL	C	0.1%	0.02%	0.02%
HAS	D	0.0%	0.01%	0.0%
HCA	F	0.19%	0.06%	0.06%
HD	A	0.32%	0.01%	0.01%
HES	B	0.06%	0.02%	0.02%
HIG	B	0.13%	0.01%	0.01%
HIW	D	0.01%	0.01%	0.01%
HOG	D	0.02%	0.02%	0.02%
HON	B	0.49%	0.01%	0.01%
HPE	B	0.11%	0.04%	0.04%
HPQ	B	0.11%	0.06%	0.06%
HRL	D	0.03%	0.02%	0.02%
HSY	F	0.08%	0.01%	0.01%
HUM	C	0.13%	0.01%	0.01%
IBM	C	0.73%	0.02%	0.02%
ICE	C	0.34%	0.02%	0.02%
IDA	A	0.02%	0.01%	0.01%
IFF	D	0.09%	0.01%	0.01%
INGR	B	0.04%	0.01%	0.01%
INTC	D	0.4%	0.03%	0.03%
IP	B	0.08%	0.01%	0.01%
IPG	D	0.04%	0.01%	0.01%
ITW	B	0.19%	0.03%	0.03%
IVZ	B	0.03%	0.02%	0.02%
JCI	C	0.22%	0.01%	0.01%
JEF	A	0.04%	0.01%	0.01%
JNJ	D	1.44%	0.02%	0.02%
JNPR	F	0.05%	0.04%	0.04%
JPM	A	2.73%	0.01%	0.01%
K	A	0.08%	0.02%	0.02%
KDP	D	0.14%	0.01%	0.01%
KIM	A	0.06%	0.01%	0.01%
KMB	D	0.1%	0.01%	0.01%
KMI	A	0.21%	0.01%	0.01%
KO	D	0.4%	0.01%	0.01%
KR	B	0.15%	0.01%	0.01%
KRC	C	0.02%	0.01%	0.01%
KSS	F	0.01%	0.02%	0.01%
L	A	0.06%	0.04%	0.04%
LEA	D	0.02%	0.03%	0.02%
LH	C	0.08%	0.03%	0.03%
LHX	C	0.18%	0.02%	0.02%
LIN	D	0.84%	0.04%	0.04%
LMT	D	0.3%	0.01%	0.01%
LNC	B	0.02%	0.02%	0.02%
LNT	A	0.06%	0.01%	0.01%
LOW	D	0.6%	0.01%	0.01%
LYB	F	0.08%	0.01%	0.01%
MAA	B	0.07%	0.01%	0.01%
MAR	B	0.25%	0.03%	0.03%
MAS	D	0.07%	0.01%	0.01%
MCD	D	0.77%	0.01%	0.01%
MDLZ	F	0.34%	0.03%	0.03%
MDT	D	0.44%	0.08%	0.08%
MET	A	0.19%	0.02%	0.02%
MKC	D	0.07%	0.02%	0.02%
MKL	A	0.06%	0.01%	0.01%
MLM	B	0.13%	0.03%	0.03%
MMC	B	0.37%	0.01%	0.01%
MMM	D	0.23%	0.01%	0.01%
MO	A	0.37%	0.01%	0.01%
MOS	F	0.03%	0.02%	0.02%
MPC	D	0.22%	0.02%	0.02%
MRO	B	0.06%	0.01%	0.01%
MS	A	0.57%	0.05%	0.05%
MSI	B	0.16%	0.02%	0.02%
NDAQ	A	0.13%	0.02%	0.02%
NEE	D	0.61%	0.01%	0.01%
NEM	D	0.18%	0.04%	0.04%
NI	A	0.06%	0.02%	0.02%
NKE	D	0.14%	0.01%	0.01%
NNN	D	0.03%	0.01%	0.01%
NOC	D	0.26%	0.02%	0.02%
NOV	C	0.02%	0.03%	0.02%
NSC	B	0.23%	0.01%	0.01%
NUE	C	0.14%	0.01%	0.01%
O	D	0.19%	0.02%	0.02%
OC	A	0.07%	0.01%	0.01%
OGE	B	0.03%	0.01%	0.01%
OHI	C	0.04%	0.03%	0.03%
OKE	A	0.25%	0.01%	0.01%
ORI	A	0.04%	0.03%	0.03%
OTIS	C	0.16%	0.02%	0.02%
PCG	A	0.18%	0.01%	0.01%
PEG	A	0.17%	0.01%	0.01%
PEP	F	0.18%	0.02%	0.02%
PFE	D	0.55%	0.02%	0.02%
PFG	D	0.08%	0.01%	0.01%
PG	A	1.21%	0.01%	0.01%
PGR	A	0.09%	0.01%	0.01%
PH	A	0.35%	0.02%	0.02%
PHM	D	0.1%	0.01%	0.01%
PKG	A	0.08%	0.03%	0.03%
PLD	D	0.41%	0.01%	0.01%
PM	B	0.78%	0.02%	0.02%
PNW	B	0.04%	0.01%	0.01%
PPL	B	0.1%	0.01%	0.01%
PRU	A	0.18%	0.01%	0.01%
PSX	C	0.21%	0.03%	0.03%
PWR	A	0.13%	0.02%	0.02%
PYPL	B	0.34%	0.03%	0.03%
QCOM	F	0.04%	0.02%	0.02%
REG	B	0.05%	0.01%	0.01%
REGN	F	0.28%	0.02%	0.02%
RF	A	0.09%	0.01%	0.01%
RJF	A	0.12%	0.03%	0.03%
ROK	B	0.12%	0.02%	0.02%
RPM	A	0.05%	0.03%	0.03%
RPRX	D	0.04%	0.03%	0.03%
RSG	A	0.17%	0.01%	0.01%
RTX	C	0.61%	0.02%	0.02%
SBUX	A	0.1%	0.01%	0.01%
SCHW	B	0.42%	0.02%	0.02%
SHW	A	0.03%	0.01%	0.01%
SJM	D	0.04%	0.01%	0.01%
SNA	A	0.07%	0.01%	0.01%
SO	D	0.37%	0.01%	0.01%
SPG	B	0.17%	0.01%	0.01%
SPGI	C	0.61%	0.03%	0.03%
SRE	A	0.23%	0.01%	0.01%
STE	F	0.08%	0.03%	0.03%
STLD	B	0.08%	0.02%	0.02%
STZ	D	0.15%	0.02%	0.02%
SWK	D	0.05%	0.02%	0.02%
SYK	C	0.39%	0.02%	0.02%
SYY	B	0.06%	0.01%	0.01%
T	A	0.63%	0.01%	0.01%
TAP	C	0.04%	0.05%	0.04%
TGT	F	0.27%	0.02%	0.02%
TJX	A	0.22%	0.04%	0.04%
TMO	F	0.76%	0.01%	0.01%
TMUS	B	0.44%	0.03%	0.03%
TRV	B	0.23%	0.01%	0.01%
TSN	B	0.07%	0.02%	0.02%
TT	A	0.24%	0.01%	0.01%
TXN	C	0.63%	0.02%	0.02%
UAL	A	0.12%	0.01%	0.01%
UDR	B	0.06%	0.01%	0.01%
UNH	C	1.98%	0.01%	0.01%
UNM	A	0.05%	0.01%	0.01%
UNP	C	0.29%	0.01%	0.01%
UPS	C	0.38%	0.02%	0.02%
VLO	C	0.17%	0.03%	0.03%
VMC	B	0.11%	0.01%	0.01%
VMI	B	0.03%	0.02%	0.02%
VOYA	B	0.03%	0.01%	0.01%
VTR	C	0.1%	0.01%	0.01%
VTRS	A	0.06%	0.03%	0.03%
VZ	C	0.68%	0.01%	0.01%
WBA	F	0.02%	0.04%	0.02%
WEC	A	0.12%	0.01%	0.01%
WELL	A	0.32%	0.01%	0.01%
WFC	A	1.01%	0.01%	0.01%
WHR	B	0.02%	0.02%	0.02%
WLK	D	0.02%	0.01%	0.01%
WMB	A	0.27%	0.01%	0.01%
WMT	A	1.42%	0.02%	0.02%
WPC	D	0.05%	0.02%	0.02%
WRB	A	0.07%	0.01%	0.01%
WTRG	B	0.04%	0.02%	0.02%
WU	D	0.01%	0.03%	0.01%
WY	D	0.09%	0.07%	0.07%
XEL	A	0.15%	0.01%	0.01%
XOM	B	2.08%	0.02%	0.02%
XYL	D	0.11%	0.02%	0.02%
ZBH	C	0.09%	0.02%	0.02%
ZTS	D	0.05%	0.01%	0.01%

GVUS Overweight 548 Positions Relative to VCLT

Symbol	Grade	Weight
BRK.A	B	3.35%
ACN	C	0.86%
BLK	C	0.6%
MU	D	0.41%
GEV	B	0.35%
FI	A	0.32%
PNC	B	0.32%
ELV	F	0.31%
USB	A	0.3%
AMD	F	0.29%
KKR	A	0.28%
MRVL	B	0.27%
COF	B	0.27%
FCX	D	0.24%
SLB	C	0.24%
TFC	A	0.24%
DLR	B	0.23%
ROP	B	0.23%
CEG	D	0.23%
VRTX	F	0.23%
BK	A	0.22%
PCAR	B	0.22%
TDG	D	0.21%
DHI	D	0.19%
MSTR	C	0.19%
KVUE	A	0.18%
HWM	A	0.17%
BKR	B	0.17%
F	C	0.17%
URI	B	0.17%
DFS	B	0.17%
PSA	D	0.17%
AME	A	0.17%
MCK	B	0.17%
CBRE	B	0.16%
LEN	D	0.16%
DAL	C	0.16%
IR	B	0.16%
CTSH	B	0.15%
CTVA	C	0.15%
APH	A	0.14%
ROST	C	0.14%
MTB	A	0.14%
RCL	A	0.14%
A	D	0.14%
GEHC	F	0.13%
EW	C	0.13%
VICI	C	0.13%
MCHP	D	0.13%
OXY	D	0.13%
WAB	B	0.13%
HLT	A	0.12%
TTWO	A	0.12%
CNC	D	0.12%
IQV	D	0.12%
GRMN	B	0.12%
WTW	B	0.12%
SQ	B	0.11%
KHC	F	0.11%
ON	D	0.11%
PPG	F	0.11%
STT	A	0.11%
CSGP	D	0.11%
ANSS	B	0.11%
PAYX	C	0.11%
RMD	C	0.1%
MTD	D	0.1%
NVR	D	0.1%
HBAN	A	0.1%
SYF	B	0.1%
KEYS	A	0.1%
TROW	B	0.1%
SW	A	0.1%
FCNCA	A	0.1%
WBD	C	0.09%
YUM	B	0.09%
HUBB	B	0.09%
EQT	B	0.09%
SBAC	D	0.09%
LNG	B	0.09%
CCL	B	0.09%
EFX	F	0.09%
MSCI	C	0.08%
LUV	C	0.08%
BBY	D	0.08%
FSLR	F	0.08%
WDC	D	0.08%
INVH	D	0.08%
CBOE	B	0.08%
ZM	B	0.08%
NTRS	A	0.08%
HOOD	B	0.08%
APO	B	0.08%
ILMN	D	0.08%
TDY	B	0.08%
LDOS	C	0.08%
RBA	A	0.07%
GPC	D	0.07%
TRMB	B	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%
DGX	A	0.07%
WSO	A	0.07%
HOLX	D	0.07%
BALL	D	0.07%
IBKR	A	0.07%
OMC	C	0.07%
CTRA	B	0.07%
BLDR	D	0.07%
EXPD	D	0.06%
EWBC	A	0.06%
VRSN	F	0.06%
IRM	D	0.06%
NDSN	B	0.06%
ACM	A	0.06%
JBHT	C	0.06%
AMCR	D	0.06%
THC	D	0.06%
USFD	A	0.06%
BRO	B	0.06%
GGG	B	0.06%
RGA	A	0.06%
ZBRA	B	0.06%
SUI	D	0.06%
SSNC	B	0.06%
TXT	D	0.06%
TOL	B	0.06%
UTHR	C	0.06%
GEN	B	0.06%
CVNA	B	0.06%
Z	A	0.05%
UHS	D	0.05%
OVV	B	0.05%
SOFI	A	0.05%
CDW	F	0.05%
FDS	B	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%
HST	C	0.05%
ALLE	D	0.05%
EPAM	C	0.05%
CLH	B	0.05%
ITT	A	0.05%
JKHY	D	0.05%
CASY	A	0.05%
CHRW	C	0.05%
BG	F	0.05%
AFRM	B	0.05%
COHR	B	0.05%
GLPI	C	0.05%
JBL	B	0.05%
TPR	B	0.05%
AKAM	D	0.05%
ELS	C	0.05%
DLTR	F	0.05%
NTAP	C	0.05%
SWKS	F	0.05%
RVTY	F	0.05%
TWLO	A	0.05%
RNR	C	0.05%
CW	B	0.05%
FFIV	B	0.05%
EME	C	0.05%
VLTO	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%
ADP	B	0.04%
RGLD	C	0.04%
SOLV	C	0.04%
BRBR	A	0.04%
PNFP	B	0.04%
AYI	B	0.04%
CNH	C	0.04%
GL	B	0.04%
CIEN	B	0.04%
DOX	D	0.04%
MKTX	D	0.04%
WAL	B	0.04%
COIN	C	0.04%
DPZ	C	0.04%
CRL	C	0.04%
EHC	B	0.04%
DTM	B	0.04%
DAY	B	0.04%
GME	C	0.04%
ARMK	B	0.04%
LAD	A	0.04%
BLD	D	0.04%
WWD	B	0.04%
LKQ	D	0.04%
BKNG	A	0.04%
WBS	A	0.04%
DKS	C	0.04%
ALSN	B	0.04%
PRI	A	0.04%
CACI	D	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%
AA	B	0.04%
CG	A	0.04%
ATR	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	0.04%
INCY	C	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%
FAF	A	0.03%
KBR	F	0.03%
LSTR	D	0.03%
BILL	A	0.03%
ALGN	D	0.03%
STAG	F	0.03%
AGNC	D	0.03%
MKSI	C	0.03%
MTG	C	0.03%
HRB	D	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%
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%
HII	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%
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%
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%
NYT	C	0.03%
TTC	D	0.03%
CR	A	0.03%
MTZ	B	0.03%
CBSH	A	0.03%
JLL	D	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%
KNX	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%
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%
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%
AZO	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%
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%
WMS	D	0.02%
LITE	B	0.02%
CRUS	D	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%
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%
AMG	B	0.02%
S	B	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%
ESI	A	0.02%
OKTA	C	0.02%
SIRI	C	0.02%
MOH	F	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%
BR	A	0.01%
AZEK	A	0.01%
BRKR	D	0.01%
PSTG	D	0.01%
GO	C	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%
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%
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%
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%
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%
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%
INFA	D	0.0%
LBRDA	C	0.0%
CWEN	C	0.0%
DV	C	0.0%
NCNO	B	0.0%

GVUS Underweight 51 Positions Relative to VCLT

Symbol	Grade	Weight
WIT	A	-0.21%
EQH	B	-0.09%
COST	B	-0.06%
SCCO	F	-0.05%
AMZN	C	-0.05%
NXPI	D	-0.04%
DT	C	-0.04%
GOOGL	C	-0.04%
BHP	F	-0.04%
AVGO	D	-0.04%
ORCL	B	-0.04%
AAPL	C	-0.04%
WEST	C	-0.03%
WM	A	-0.03%
AMT	D	-0.03%
NVDA	C	-0.03%
MUFG	B	-0.03%
MPLX	A	-0.03%
PECO	A	-0.02%
OGS	A	-0.02%
SBRA	C	-0.02%
TEL	B	-0.02%
NWE	B	-0.02%
PAA	B	-0.02%
LRCX	F	-0.02%
KLAC	D	-0.02%
VRSK	A	-0.02%
MCO	B	-0.02%
CP	D	-0.02%
EPD	A	-0.02%
MA	C	-0.02%
AZN	D	-0.02%
HSBC	B	-0.02%
VOD	F	-0.02%
GSK	F	-0.02%
V	A	-0.02%
AVA	A	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
JD	D	-0.01%
SIGI	C	-0.01%
EE	A	-0.01%
BKH	A	-0.01%
SWX	B	-0.01%
KOF	F	-0.01%
LLY	F	-0.01%
JBLU	F	-0.01%
ET	A	-0.01%
MRK	F	-0.01%
BABA	D	-0.01%
MSFT	F	-0.01%