At a glance
GVUS charges 0.12% a year, above the 0.1% average of the 8 funds most like it (the 6th cheapest of 9). It has $416.9M in assets, the 9th largest of that group; it paid 1.46% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +26.6% with distributions reinvested (S&P 500: +11.5%), 4th of those 9 funds. Its ten largest positions make up 28.5% of the fund, out of 856 in all.
The short version
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is an index fund that tracks the Russell 1000 Value 40 Act Daily Capped Index. That index holds large and mid-sized US companies that look cheap relative to their growth. GVUS charges 0.12% a year. That is less than iShares' IWD at 0.19% but more than Vanguard's very similar VONV at 0.07%. It is also the smallest fund in its peer group.
Price history
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GVUS +26.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GVUS official prospectus, to Dec 31, 2024 | — | +19.83% | — | — | — | — |
| GVUS price data to Oct 27, 2026 | +24.2% | +26.6% | — | — | — | +20.9% |
- Over the year to Oct 27, 2026, GVUS returned +26.6%, 4th of 9 among similar funds.
- Its worst full calendar year was 2024 (+14.3%); its best was 2025 (+15.9%).
- The deepest fall in its price history was 15.8% (Nov 29, 2024 to Apr 8, 2025), recovered by Jul 3, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +24.2% | — |
| 2025 | +15.9% | — |
| 2024 | +14.3% | +14.12% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7200 | |
| 2025 | $0.9700 | -9.6% |
| 2024 | $1.0731 |
What's inside
As of Aug 31, 2026, the fund held 856 securities; the ten largest made up 28.54% of assets.
| Holding | Weight | |
|---|---|---|
| AMAZON.COM INC | 6.12% | |
| APPLE INC | 5.56% | |
| MICROSOFT CORP | 5.00% | |
| JP MORGAN CHASE & COMPANY | 2.52% | |
| BERKSHIRE HATHAWAY INC | 2.48% | |
| EXXONMOBIL HOLDINGS CORP | 1.78% | |
| JOHNSON & JOHNSON | 1.70% | |
| CISCO SYSTEMS INC | 1.16% | |
| WALMART INC | 1.11% | |
| ABBVIE INC | 1.11% | |
| INTEL CORP | 1.09% | |
| CHEVRON CORP | 1.02% | |
| BANK OF AMERICA CORP | 1.01% | |
| MERCK & COMPANY INC | 0.98% | |
| UNITEDHEALTH GROUP INC | 0.93% |
By country
United States 95.06%Ireland 2.56%Switzerland 0.48%Bermuda 0.44%Curaçao 0.24%By asset type
Stocks 99.59%By sector
Sectors of the companies held, for the 78.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $25.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.24%, +3.79%, +2.01%.
How it works
GVUS tracks the Russell 1000 Value 40 Act Daily Capped Index, which FTSE Russell owns and calculates. The index takes companies from the Russell 1000 Index and keeps those with lower price-to-book ratios (share price compared with the company's accounting net worth), slower past sales growth and lower forecast growth. As of December 1, 2025, it held 870 stocks. They ranged from about $956.3 million to $3.9 trillion in market value. Stocks are weighted by free-float market value, meaning company size counted only on shares available to the public. So the biggest companies count the most.
The "40 Act" in the name refers to diversification rules in the Investment Company Act of 1940. At each quarterly rebalance, companies weighing more than 4.5% can make up no more than 22.5% of the index combined. No single company can exceed 22.5%. A daily check keeps companies above 4.8% at no more than 24% combined. As of August 31, 2026, Amazon was 6.1% of the fund, Apple 5.6% and Microsoft 5.0%. The top ten holdings made up 28.5%.
Goldman Sachs tries to hold index stocks in roughly the index's weights, but it may hold a sample instead. The fund does not drop a struggling company unless the index does. Portfolio turnover was 11%.
What it really costs
- GVUS charges 0.12% a year, versus an average of 0.1% for the similar funds below (6th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $12 in the first year and $154 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GVUS | $12 | $39 | $68 | $154 |
In a retirement portfolio
It holds 856 large and mid-sized US value stocks for 0.12% a year, so it can anchor the value side of a US stock allocation.
GVUS launched on November 30, 2023. It was not around for the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its deepest drop was 15.8%, from November 29, 2024 to April 8, 2025. It got back to its old high by July 3, 2025, about 2.8 months after the low. It has not had a losing calendar year: it returned 14.1% in 2024 and 15.9% in 2025. That short record says little about a long bear market, when a retiree drawing income might have to cash out shares at low prices. The trailing 12-month yield was 1.46% as of October 27, 2026, paid quarterly. Under the SEC's standard example, costs would be $12 in the first year on $10,000. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want 856 large and mid-sized US value stocks, led by Amazon, Apple, Microsoft and JPMorgan Chase, in one low-turnover index fund.
- Long-term holders who accept a 0.12% expense ratio, below IWD's 0.19% for a similar Russell 1000 Value portfolio.
- Investors who want modest quarterly income along with growth; the trailing yield was 1.46% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: Vanguard's VONV has 96% holdings overlap with GVUS and charges 0.07% a year.
- Investors who want a long record: GVUS launched in November 2023 and has not been through a full bear market.
- Those wary of small funds: at $417 million as of August 31, 2026, GVUS is the smallest of its peers and had $25.8 million in net outflows over three months.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GVUS this fund | — | 0.12% | $416.9M | +26.6% | — |
| VONV Vanguard Russell 1000 Value ETF | 96% | 0.07% | $23.88B | +29.0% | +23.6% |
| IWD iShares Russell 1000 Value ETF | 90% | 0.19% | $79.74B | +28.8% | +22.2% |
| ILCV iShares Morningstar Value ETF | 75% | 0.04% | $1.32B | +20.5% | +23.4% |
| IWX iShares Russell Top 200 Value ETF | 70% | 0.2% | $3.56B | +28.4% | +24.5% |
| VOOV Vanguard S&P 500 Value ETF | 70% | 0.07% | $7.00B | +15.0% | +19.7% |
| IUSV iShares Core S&P U.S. Value ETF | 69% | 0.04% | $26.46B | +16.8% | +17.8% |
| SPYV SPDR Portfolio S&P 500 Value ETF | 67% | 0.04% | $35.30B | +16.8% | +17.8% |
Questions investors ask
What does GVUS invest in?
GVUS holds large and mid-sized US stocks with value traits. It tracks the Russell 1000 Value 40 Act Daily Capped Index from FTSE Russell. As of August 31, 2026, it owned 856 companies, almost all US-based. The largest were Amazon (6.1%), Apple (5.6%), Microsoft (5.0%), JPMorgan Chase (2.5%) and Berkshire Hathaway (2.5%). Technology (16.8%) and financials (16.1%) were the biggest sectors.
What is the GVUS expense ratio?
GVUS charges 0.12% a year, according to its prospectus filed December 29, 2025. That is a little above the 0.10% average for similar funds and ranks 6th of 9 on cost. Under the SEC's standard example ($10,000 invested, 5% annual return), costs would be about $12 after one year, $39 after three, $68 after five and $154 after ten years.
Does GVUS pay dividends?
Yes. GVUS pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.97 per share, a trailing yield of 1.46%. The payout depends on dividends from companies such as JPMorgan Chase, ExxonMobil, Johnson & Johnson and Chevron, so it can rise or fall. Investors looking mainly for high income may find this yield modest.
What's the difference between GVUS and VONV?
The two funds are very similar, with 96% holdings overlap, and both are built around the Russell 1000 Value. The main differences are cost and size. VONV charges 0.07% a year against 0.12% for GVUS. VONV had about $23.9 billion in net assets against about $417 million for GVUS, both as of August 31, 2026. VONV's one-year return was 29% as of October 30, 2026. GVUS's was 26.6% as of October 27.
How has GVUS performed since it launched?
GVUS has gained every full calendar year since its November 2023 launch. It returned 14.1% in 2024 and 15.9% in 2025, and was up 24.2% for 2026 year to date through October 27. Its one-year return to that date was 26.6%. Its deepest drop was 15.8%, from November 2024 to April 2025, and it recovered by July 2025. That is a short record, without a full bear market.