GVUS

GVUS is passively managed to provide capped exposure to US large-cap stocks with value characteristics. The underlying index screens the Russell 1000 for companies with lower price-to-book ratios and lower forecasted growth values. The portfolio selection starts by ranking each stock's book-to-price ratio and growth factors to produce a composite value score (CVS). Value stocks are determined based on their CVS and are given proportional index weights. At each quarterly rebalance, regulatory capping targets are applied such that the index caps single issuer weights at 22.5% and the aggregate weight of all companies with weight exceeding 4.5% at 22.5%. The index is monitored daily to ensure that companies with weight greater than 4.8%, in aggregate, are no more than 24%. While GVUS is considered a large-cap fund, it allocates a sizable portion of the portfolio to mid-caps due to its expansive Russell 1000 parent.