This is the penultimate version of an article accepted for publication by Synthese.Please quote only from the published version. The final publication is available at http://link.springer.com ABSTRACT. A lot of research has recently been done on the topic of ground, and in particular on the logic of ground. According to a broad consensus in that debate, ground is hyperintensional in the sense that even logically equivalent truths may differ with respect to what grounds them, and what they ground. This renders pressing the question of what we may take to be the ground-theoretic content of a true statement, i.e. that aspect of the statement's overall content to which ground is sensitive. I propose a novel answer to this question, namely that ground tracks how, rather than just by what, a statement is made true. I develop that answer in the form of a formal theory of groundtheoretic content, show how the resulting framework may be used to articulate theories of ground, including in particular an attractive account of the grounds of truthfunctionally complex truths that has proved difficult to accommodate on alternative views of content.