GSSC vs. DWAS ETF Comparison

Comparison of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

GSSC

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

GSSC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its index, in depositary receipts representing securities included in the index and in underlying stocks in respect of depositary receipts included in its index. The index is designed to deliver exposure to equity securities of small capitalization U.S. issuers.

Grade (RS Rating)

Last Trade

$75.11

Average Daily Volume

22,131

Number of Holdings ^*

1237

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$102.69

Average Daily Volume

31,945

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	GSSC	DWAS
30 Days	9.70%	11.37%
60 Days	8.76%	10.79%
90 Days	8.98%	11.29%
12 Months	33.81%	38.56%

143 Overlapping Holdings

Symbol	Grade	Weight in GSSC	Weight in DWAS	Overlap
ACVA	B	0.04%	0.39%	0.04%
ADMA	B	0.18%	1.49%	0.18%
AGM	C	0.2%	0.4%	0.2%
AGX	B	0.11%	0.53%	0.11%
AGYS	A	0.1%	0.42%	0.1%
ALKT	B	0.07%	0.41%	0.07%
AMAL	B	0.09%	0.39%	0.09%
AMRX	C	0.19%	0.6%	0.19%
AMSC	B	0.08%	0.95%	0.08%
APLT	B	0.05%	0.43%	0.05%
APOG	B	0.16%	0.42%	0.16%
AQST	D	0.04%	0.34%	0.04%
AROC	B	0.11%	0.55%	0.11%
AVAV	D	0.1%	0.41%	0.1%
AXSM	B	0.12%	0.37%	0.12%
BBSI	B	0.09%	0.4%	0.09%
BDC	B	0.14%	0.39%	0.14%
BELFB	C	0.08%	0.8%	0.08%
BGC	C	0.09%	0.39%	0.09%
BKD	D	0.03%	0.27%	0.03%
BMI	B	0.24%	0.54%	0.24%
BOOT	D	0.1%	0.29%	0.1%
BSIG	A	0.05%	0.43%	0.05%
BVS	D	0.06%	0.35%	0.06%
BYRN	B	0.06%	0.74%	0.06%
CASH	A	0.17%	0.42%	0.17%
CBT	C	0.2%	0.35%	0.2%
CDE	D	0.07%	0.34%	0.07%
CDMO	B	0.0%	0.35%	0.0%
CECO	A	0.06%	0.7%	0.06%
CNX	A	0.17%	0.47%	0.17%
COMM	D	0.07%	0.52%	0.07%
COOP	B	0.28%	1.1%	0.28%
CORT	B	0.44%	0.46%	0.44%
CRNX	C	0.08%	0.36%	0.08%
CRS	A	0.2%	0.92%	0.2%
CRVL	A	0.19%	0.46%	0.19%
CSWI	A	0.28%	0.88%	0.28%
CVCO	A	0.11%	0.38%	0.11%
CVLT	B	0.39%	0.39%	0.39%
DFH	D	0.0%	0.28%	0.0%
DFIN	D	0.12%	0.85%	0.12%
DSGR	D	0.05%	0.36%	0.05%
DY	D	0.13%	0.37%	0.13%
ENVA	B	0.27%	0.59%	0.27%
ESQ	A	0.07%	0.41%	0.07%
FBP	B	0.21%	0.36%	0.21%
FSS	B	0.16%	0.44%	0.16%
GCI	D	0.12%	0.32%	0.12%
GIII	D	0.08%	0.34%	0.08%
GKOS	B	0.1%	0.4%	0.1%
GOLF	B	0.11%	0.38%	0.11%
GPI	A	0.23%	0.66%	0.23%
GRBK	D	0.1%	0.78%	0.1%
GVA	A	0.14%	0.51%	0.14%
HROW	D	0.03%	0.43%	0.03%
HRTG	C	0.05%	0.82%	0.05%
HURN	B	0.08%	0.39%	0.08%
HWKN	B	0.1%	0.54%	0.1%
ICFI	F	0.12%	0.31%	0.12%
IDCC	A	0.18%	0.48%	0.18%
IMNM	F	0.01%	0.37%	0.01%
INBK	B	0.06%	0.41%	0.06%
INSM	C	0.14%	0.37%	0.14%
JXN	C	0.4%	0.46%	0.4%
KBH	D	0.19%	0.31%	0.19%
KNTK	B	0.03%	1.18%	0.03%
KRYS	B	0.06%	0.49%	0.06%
KTB	B	0.24%	0.45%	0.24%
KYMR	D	0.05%	0.33%	0.05%
LMAT	A	0.12%	0.42%	0.12%
LMB	A	0.08%	1.64%	0.08%
MATX	C	0.25%	0.42%	0.25%
MAX	F	0.04%	0.24%	0.04%
MBIN	D	0.07%	0.31%	0.07%
MEC	D	0.03%	0.29%	0.03%
MG	D	0.03%	0.29%	0.03%
MHO	D	0.19%	0.37%	0.19%
MLI	C	0.5%	0.6%	0.5%
MLR	B	0.07%	0.4%	0.07%
MMSI	B	0.15%	0.4%	0.15%
MOD	A	0.24%	1.55%	0.24%
MOG.A	B	0.19%	0.39%	0.19%
NBN	B	0.11%	0.7%	0.11%
NECB	B	0.02%	0.45%	0.02%
NMRK	B	0.09%	0.36%	0.09%
NPO	A	0.1%	0.38%	0.1%
NRIX	D	0.04%	0.41%	0.04%
NUVL	D	0.04%	1.02%	0.04%
OCUL	D	0.06%	0.38%	0.06%
OFG	B	0.15%	0.42%	0.15%
OSCR	D	0.06%	0.7%	0.06%
PATK	D	0.18%	0.32%	0.18%
PBI	B	0.02%	0.37%	0.02%
PI	D	0.18%	0.33%	0.18%
PIPR	B	0.19%	0.49%	0.19%
PLUS	F	0.12%	0.28%	0.12%
PNTG	D	0.05%	0.33%	0.05%
PRCT	B	0.06%	0.4%	0.06%
PRDO	B	0.21%	0.43%	0.21%
PRIM	A	0.19%	0.48%	0.19%
PTGX	C	0.08%	0.32%	0.08%
QTWO	A	0.16%	0.45%	0.16%
RDFN	D	0.03%	0.22%	0.03%
RDNT	B	0.17%	0.46%	0.17%
REVG	B	0.08%	0.38%	0.08%
RNA	D	0.11%	0.79%	0.11%
ROAD	A	0.1%	0.44%	0.1%
RSI	B	0.15%	0.39%	0.15%
RUSHA	C	0.19%	0.46%	0.19%
RXST	F	0.05%	0.61%	0.05%
RYAM	C	0.09%	0.4%	0.09%
RYTM	C	0.07%	0.4%	0.07%
SAVA	D	0.02%	0.35%	0.02%
SFM	A	0.63%	0.89%	0.63%
SKT	B	0.12%	0.48%	0.12%
SKY	A	0.12%	0.43%	0.12%
SKYW	B	0.16%	0.61%	0.16%
SLG	B	0.1%	0.38%	0.1%
SLVM	B	0.08%	0.42%	0.08%
SMTC	B	0.06%	0.36%	0.06%
SNEX	B	0.15%	0.42%	0.15%
SPNT	A	0.09%	0.39%	0.09%
STRL	B	0.2%	1.57%	0.2%
SXI	B	0.06%	0.41%	0.06%
TBBK	B	0.17%	0.37%	0.17%
TDS	B	0.06%	0.49%	0.06%
TGTX	B	0.26%	0.43%	0.26%
TNDM	F	0.05%	0.23%	0.05%
TPC	C	0.12%	0.51%	0.12%
TPH	D	0.16%	0.33%	0.16%
TREE	F	0.05%	0.34%	0.05%
TWST	D	0.04%	0.33%	0.04%
UFPT	B	0.09%	0.88%	0.09%
USAP	B	0.07%	0.68%	0.07%
USLM	A	0.17%	0.74%	0.17%
UTI	A	0.05%	0.44%	0.05%
VCTR	B	0.09%	0.64%	0.09%
VRNS	D	0.18%	0.32%	0.18%
VSEC	C	0.06%	0.47%	0.06%
WLDN	D	0.08%	0.37%	0.08%
WT	B	0.12%	0.41%	0.12%
ZETA	D	0.17%	0.41%	0.17%

GSSC Overweight 1094 Positions Relative to DWAS

Symbol	Grade	Weight
AIT	A	0.42%
IESC	B	0.36%
ANF	C	0.35%
HLNE	B	0.35%
UFPI	B	0.34%
BCC	B	0.31%
GMS	B	0.31%
CPRX	C	0.3%
LRN	A	0.28%
ALKS	B	0.28%
ENSG	D	0.27%
WTS	B	0.26%
PJT	A	0.26%
RDN	C	0.25%
CNO	A	0.24%
AX	A	0.24%
HNI	B	0.24%
ACIW	B	0.23%
ESNT	D	0.23%
TMHC	B	0.23%
BECN	B	0.23%
FN	D	0.22%
BOX	B	0.22%
CARG	C	0.22%
MGY	A	0.22%
PBH	A	0.22%
SPSC	C	0.22%
CMC	B	0.22%
KAI	A	0.21%
FTDR	A	0.21%
GEO	B	0.21%
EXLS	B	0.21%
SUPN	C	0.21%
QLYS	C	0.2%
SFBS	B	0.2%
PCVX	D	0.2%
YELP	C	0.2%
SSB	B	0.2%
FELE	B	0.2%
APAM	B	0.2%
IBOC	A	0.2%
VCEL	B	0.2%
FLR	B	0.2%
UMBF	B	0.2%
ABCB	B	0.19%
INOD	B	0.19%
GSHD	A	0.19%
INVA	D	0.19%
HALO	F	0.19%
ASGN	F	0.19%
GFF	A	0.19%
MDXG	B	0.19%
SM	B	0.18%
LNTH	D	0.18%
ONB	B	0.18%
RHP	B	0.18%
IBP	D	0.18%
CALM	A	0.18%
CEIX	A	0.18%
NSIT	F	0.18%
MTH	D	0.18%
RMBS	C	0.17%
CDNA	D	0.17%
SIG	B	0.17%
WDFC	B	0.17%
SIGI	C	0.17%
COMP	B	0.17%
SHOO	D	0.17%
COLL	F	0.17%
ACAD	D	0.17%
EAT	A	0.17%
CNS	B	0.17%
ABG	B	0.16%
HRMY	D	0.16%
NMIH	D	0.16%
ATKR	C	0.16%
HQY	B	0.16%
UPBD	B	0.16%
CMPR	D	0.16%
FFIN	B	0.16%
EXPI	C	0.16%
NTB	B	0.16%
ITGR	B	0.16%
KFRC	D	0.16%
CADE	B	0.16%
ESGR	B	0.16%
UPWK	B	0.15%
IOSP	B	0.15%
PFBC	B	0.15%
EXTR	B	0.15%
FULT	A	0.15%
NHC	C	0.15%
HOMB	A	0.15%
BFH	B	0.15%
CUBI	C	0.15%
ATGE	B	0.15%
AEO	F	0.15%
AMR	C	0.15%
HWC	B	0.15%
RVLV	B	0.15%
KFY	B	0.15%
ALTR	B	0.15%
HCC	B	0.15%
TILE	B	0.15%
WINA	B	0.14%
IPAR	B	0.14%
UNFI	A	0.14%
HCKT	B	0.14%
DXPE	B	0.14%
MMS	F	0.14%
YEXT	A	0.14%
UBSI	B	0.14%
GHC	C	0.14%
BXC	B	0.14%
NOVT	D	0.14%
LBRT	D	0.14%
DNOW	B	0.14%
PLXS	B	0.14%
RVMD	C	0.14%
APPN	B	0.14%
BCRX	D	0.14%
CHCO	B	0.13%
POWL	C	0.13%
SEM	B	0.13%
SWX	B	0.13%
SBH	C	0.13%
STEP	B	0.13%
CNXN	C	0.13%
PTCT	B	0.13%
PRGS	A	0.13%
BKE	B	0.13%
MD	B	0.13%
AUB	B	0.13%
EPRT	B	0.13%
DLX	B	0.13%
KRG	B	0.13%
ACA	A	0.13%
PRK	B	0.13%
IDT	B	0.13%
IMKTA	C	0.13%
BCO	D	0.13%
CXW	B	0.13%
TNC	D	0.13%
EPAC	B	0.13%
FIZZ	C	0.13%
CATY	B	0.13%
ATRC	C	0.13%
NARI	C	0.13%
HUBG	A	0.13%
RXO	C	0.12%
PHR	F	0.12%
ASB	B	0.12%
ASAN	C	0.12%
GNW	A	0.12%
CHX	C	0.12%
BANF	B	0.12%
MUR	D	0.12%
STC	B	0.12%
TTMI	B	0.12%
TGNA	B	0.12%
KNF	A	0.12%
LGND	B	0.12%
DVAX	C	0.12%
IBCP	B	0.12%
BKU	A	0.12%
PRG	C	0.12%
HLF	C	0.12%
VSCO	B	0.12%
OXM	D	0.12%
NSSC	D	0.12%
BLBD	D	0.12%
MTX	B	0.12%
CAL	D	0.12%
VITL	D	0.12%
GPOR	B	0.12%
ACLX	C	0.12%
SCSC	B	0.12%
MC	C	0.12%
GBCI	B	0.12%
OFIX	B	0.11%
IMXI	B	0.11%
TEX	D	0.11%
MWA	B	0.11%
TCBI	B	0.11%
WK	B	0.11%
BPMC	C	0.11%
WMK	C	0.11%
CTRE	D	0.11%
LKFN	B	0.11%
CWST	A	0.11%
ADUS	D	0.11%
REZI	A	0.11%
ATEN	B	0.11%
TENB	C	0.11%
FUL	F	0.11%
SCS	C	0.11%
DORM	B	0.11%
CWK	B	0.11%
SPT	C	0.11%
LCII	C	0.11%
AZZ	B	0.11%
BASE	C	0.11%
NSP	D	0.11%
BHE	B	0.11%
SONO	C	0.11%
BCPC	B	0.11%
CBZ	B	0.11%
WSFS	A	0.11%
ARLO	C	0.11%
TDOC	C	0.1%
MLKN	D	0.1%
FIGS	F	0.1%
AVNT	B	0.1%
VLY	B	0.1%
EMBC	C	0.1%
VSTO	A	0.1%
OPCH	D	0.1%
CRAI	B	0.1%
PDCO	D	0.1%
ENS	D	0.1%
PFSI	D	0.1%
AEIS	B	0.1%
ALRM	C	0.1%
FOLD	F	0.1%
WGO	C	0.1%
VCYT	B	0.1%
EWTX	C	0.1%
HTLF	B	0.1%
BOH	B	0.1%
WABC	B	0.1%
BKH	A	0.1%
ASO	F	0.1%
VRRM	D	0.1%
BLKB	B	0.1%
NHI	D	0.1%
LZB	B	0.1%
OTTR	C	0.1%
AMPH	D	0.1%
ABR	C	0.1%
MAC	B	0.1%
PCRX	C	0.1%
ATEC	C	0.1%
INMD	C	0.1%
APLE	B	0.1%
SBRA	C	0.1%
SANM	B	0.1%
BLND	B	0.1%
ARCH	B	0.1%
ANIP	F	0.1%
CRC	B	0.1%
GATX	A	0.1%
MYGN	F	0.1%
SCVL	F	0.1%
SUM	B	0.1%
HCI	C	0.1%
EOLS	D	0.1%
QCRH	A	0.1%
ABM	B	0.1%
TRMK	B	0.09%
PAHC	C	0.09%
SXC	A	0.09%
SMR	B	0.09%
REAX	D	0.09%
PBF	D	0.09%
PLAB	C	0.09%
MLAB	D	0.09%
CLSK	C	0.09%
RKLB	B	0.09%
MRC	B	0.09%
LANC	C	0.09%
IRTC	D	0.09%
GTLS	B	0.09%
STNG	F	0.09%
CARS	B	0.09%
NOG	A	0.09%
ALE	A	0.09%
TOWN	B	0.09%
CALX	D	0.09%
IIPR	D	0.09%
VREX	C	0.09%
OSPN	A	0.09%
ITRI	B	0.09%
FFBC	A	0.09%
CHEF	A	0.09%
FBK	B	0.09%
HAE	C	0.09%
LYTS	B	0.09%
HNST	B	0.09%
SSTK	F	0.09%
UIS	B	0.09%
OMCL	C	0.09%
PTON	B	0.09%
ETD	C	0.09%
FRME	B	0.09%
CSGS	B	0.09%
PLMR	B	0.09%
XPEL	C	0.09%
ACLS	F	0.09%
TPB	B	0.09%
LOVE	B	0.08%
SKWD	A	0.08%
PECO	A	0.08%
URBN	C	0.08%
STNE	F	0.08%
HSTM	B	0.08%
LIVN	F	0.08%
ACT	D	0.08%
TRNO	F	0.08%
CWAN	B	0.08%
USPH	B	0.08%
STBA	B	0.08%
CPF	A	0.08%
BANR	B	0.08%
STAA	F	0.08%
NBTB	B	0.08%
SRDX	B	0.08%
BTU	B	0.08%
AMWD	C	0.08%
UCB	A	0.08%
UNF	B	0.08%
DHIL	A	0.08%
SYNA	C	0.08%
RUSHB	B	0.08%
HEES	B	0.08%
HRI	B	0.08%
CCSI	C	0.08%
CMCO	B	0.08%
CSTL	D	0.08%
OMI	F	0.08%
DIOD	D	0.08%
MMI	B	0.08%
WULF	C	0.08%
IRT	A	0.08%
ZD	C	0.08%
NAVI	C	0.08%
POWI	D	0.08%
BLX	C	0.08%
ZWS	B	0.08%
POR	C	0.08%
KAR	B	0.08%
ROCK	C	0.08%
AKR	B	0.08%
AMSF	B	0.08%
HGV	B	0.08%
HOPE	B	0.08%
KMT	B	0.08%
EVER	F	0.08%
OGS	A	0.08%
SPTN	D	0.08%
FORM	D	0.08%
CRDO	B	0.08%
PRO	C	0.08%
MBWM	B	0.08%
CBU	B	0.08%
HIMS	B	0.08%
ALG	B	0.08%
BBW	B	0.08%
DAKT	B	0.08%
AXNX	C	0.08%
SEMR	B	0.08%
VRTS	B	0.08%
WD	D	0.07%
SASR	B	0.07%
KN	B	0.07%
AIR	B	0.07%
PFC	A	0.07%
HMN	B	0.07%
RNST	B	0.07%
SCHL	D	0.07%
BIGC	C	0.07%
ESRT	C	0.07%
JJSF	B	0.07%
XNCR	B	0.07%
VC	D	0.07%
ARCB	C	0.07%
ACCO	C	0.07%
SHO	C	0.07%
IRWD	F	0.07%
MCS	B	0.07%
FBIZ	B	0.07%
YMAB	F	0.07%
LUMN	C	0.07%
LAUR	A	0.07%
SXT	B	0.07%
ENV	B	0.07%
FBNC	A	0.07%
NX	C	0.07%
GBX	A	0.07%
DRH	B	0.07%
PSMT	C	0.07%
DESP	B	0.07%
CNMD	C	0.07%
AKBA	C	0.07%
ADNT	F	0.07%
HLX	B	0.07%
FL	F	0.07%
NBHC	B	0.07%
BV	B	0.07%
CENTA	C	0.07%
REAL	A	0.07%
VIAV	B	0.07%
WHD	B	0.07%
SYBT	B	0.07%
LOB	B	0.07%
INDB	B	0.07%
NJR	A	0.07%
USNA	C	0.07%
PEBO	A	0.07%
SPRY	D	0.07%
MARA	C	0.07%
LC	A	0.07%
OUT	A	0.07%
CXM	C	0.07%
DEI	B	0.07%
PAGS	F	0.07%
GLNG	C	0.07%
RBCAA	B	0.07%
TNET	D	0.07%
SFNC	B	0.07%
INSW	F	0.07%
SGBX	F	0.07%
LINC	B	0.07%
PFS	B	0.07%
WKC	D	0.07%
RYI	C	0.07%
ICUI	D	0.07%
SIBN	F	0.07%
WSBC	A	0.07%
FC	F	0.07%
ZEUS	C	0.07%
CNK	B	0.07%
MCY	A	0.07%
UDMY	F	0.07%
HOV	D	0.07%
CTS	C	0.07%
FCF	A	0.07%
OSIS	B	0.07%
CDP	C	0.07%
WAFD	B	0.07%
AVNS	F	0.07%
WRBY	B	0.07%
GCO	B	0.06%
BRKL	B	0.06%
TFIN	A	0.06%
ORA	B	0.06%
ECVT	C	0.06%
HAFC	A	0.06%
OSBC	A	0.06%
BNL	D	0.06%
HVT	D	0.06%
PNM	F	0.06%
WTBA	B	0.06%
UNTY	B	0.06%
RCEL	C	0.06%
FMBH	B	0.06%
HTH	B	0.06%
CENX	B	0.06%
VSH	D	0.06%
PZZA	D	0.06%
NEOG	F	0.06%
BXMT	C	0.06%
CMRE	C	0.06%
PLPC	B	0.06%
GEF	A	0.06%
INFN	C	0.06%
GT	C	0.06%
UVSP	B	0.06%
RAMP	C	0.06%
OOMA	B	0.06%
CCRN	F	0.06%
PCH	D	0.06%
RPD	C	0.06%
SRCE	B	0.06%
THRY	F	0.06%
EGHT	C	0.06%
BUSE	B	0.06%
KWR	C	0.06%
TRUP	B	0.06%
SFIX	B	0.06%
PTEN	C	0.06%
ANDE	D	0.06%
ASTH	D	0.06%
KLIC	B	0.06%
UCTT	D	0.06%
AXL	C	0.06%
B	B	0.06%
TARS	B	0.06%
JBSS	D	0.06%
CAC	B	0.06%
SMPL	B	0.06%
SGRY	F	0.06%
NTCT	C	0.06%
EFSC	B	0.06%
TCMD	A	0.06%
PDM	D	0.06%
FLGT	F	0.06%
NWBI	B	0.06%
GSBC	B	0.06%
AHCO	F	0.06%
MYRG	B	0.06%
FDP	B	0.06%
TRNS	D	0.06%
OII	B	0.06%
TRDA	B	0.06%
CDXC	B	0.06%
ESE	B	0.06%
TRUE	B	0.06%
CVBF	A	0.06%
IBTX	B	0.06%
WRLD	C	0.06%
EVTC	B	0.06%
UVE	B	0.06%
SMP	B	0.06%
WWW	B	0.06%
NUS	D	0.06%
EIG	B	0.06%
GABC	B	0.06%
PHIN	A	0.06%
SR	A	0.06%
DYN	F	0.06%
PGC	C	0.06%
RLJ	C	0.06%
SMBC	B	0.06%
PDFS	C	0.06%
EPC	D	0.06%
GIC	D	0.06%
CTKB	C	0.05%
EVRI	A	0.05%
IBTA	C	0.05%
NIC	B	0.05%
PTVE	B	0.05%
BY	B	0.05%
NNI	D	0.05%
MCRI	A	0.05%
TTI	C	0.05%
MYE	F	0.05%
AVA	A	0.05%
WERN	C	0.05%
BLZE	F	0.05%
LOCO	D	0.05%
VERA	B	0.05%
JBGS	D	0.05%
ROG	D	0.05%
WSR	A	0.05%
THR	B	0.05%
NWE	B	0.05%
ZIMV	D	0.05%
BHLB	B	0.05%
SCL	C	0.05%
MBI	B	0.05%
CCS	D	0.05%
HY	D	0.05%
SBCF	A	0.05%
PEB	D	0.05%
NGVT	B	0.05%
ASC	F	0.05%
CCOI	B	0.05%
SWTX	C	0.05%
NTGR	B	0.05%
APEI	B	0.05%
PGRE	F	0.05%
TGLS	B	0.05%
PUMP	B	0.05%
OCFC	B	0.05%
RGP	F	0.05%
SFST	B	0.05%
AWR	B	0.05%
PRLB	A	0.05%
WASH	C	0.05%
ALIT	C	0.05%
GRC	A	0.05%
EYE	C	0.05%
DHT	F	0.05%
SFL	D	0.05%
CSTM	F	0.05%
VYX	B	0.05%
VLGEA	B	0.05%
ORGO	B	0.05%
RES	D	0.05%
SIGA	F	0.05%
AGS	A	0.05%
GOGL	F	0.05%
ITIC	B	0.05%
VNDA	C	0.05%
ALEX	C	0.05%
AORT	B	0.05%
CTBI	B	0.05%
DJCO	B	0.05%
ZUMZ	C	0.05%
IRMD	C	0.05%
CCBG	B	0.05%
VRNT	C	0.05%
INN	D	0.05%
JBT	B	0.05%
OSUR	F	0.05%
WOR	F	0.05%
RICK	C	0.05%
AMN	F	0.05%
FISI	A	0.05%
HP	B	0.05%
SNBR	F	0.05%
UNIT	B	0.05%
MDGL	B	0.05%
FIBK	A	0.05%
RC	D	0.05%
KE	C	0.05%
DOMO	C	0.05%
RRR	D	0.05%
COHU	C	0.05%
OEC	C	0.05%
STRA	C	0.05%
MTRN	C	0.05%
FOR	F	0.05%
NVEE	F	0.05%
AAT	B	0.05%
HBI	B	0.05%
MTUS	C	0.05%
GDYN	B	0.05%
DCOM	A	0.05%
KALU	C	0.05%
NWPX	A	0.05%
WNC	C	0.05%
VAL	D	0.05%
ENR	B	0.05%
VBTX	B	0.05%
CNOB	B	0.05%
MCFT	B	0.05%
PMT	D	0.05%
TCBK	B	0.05%
XHR	B	0.05%
CSV	B	0.05%
IART	C	0.05%
DGII	B	0.05%
VTOL	B	0.04%
DK	C	0.04%
MOFG	A	0.04%
FORR	D	0.04%
VRE	B	0.04%
TRS	B	0.04%
SATS	D	0.04%
HBCP	B	0.04%
MGEE	C	0.04%
STGW	B	0.04%
TBI	F	0.04%
DCGO	C	0.04%
ALT	C	0.04%
NATH	C	0.04%
CAKE	C	0.04%
FRSH	C	0.04%
GNE	D	0.04%
RMR	F	0.04%
FLWS	F	0.04%
OVLY	A	0.04%
CYRX	F	0.04%
VABK	C	0.04%
CDRE	D	0.04%
RM	D	0.04%
NNBR	C	0.04%
HTBK	A	0.04%
LFMD	D	0.04%
FCPT	C	0.04%
FULC	F	0.04%
FA	C	0.04%
FRPH	A	0.04%
VPG	D	0.04%
HBNC	B	0.04%
JAKK	C	0.04%
CBL	A	0.04%
ERII	D	0.04%
PPBI	B	0.04%
CPK	A	0.04%
HUMA	F	0.04%
CCNE	B	0.04%
CENT	C	0.04%
AIOT	B	0.04%
MNRO	D	0.04%
DAN	D	0.04%
MOV	C	0.04%
BLFS	C	0.04%
DENN	D	0.04%
CYTK	F	0.04%
THFF	B	0.04%
PFIS	A	0.04%
ASIX	A	0.04%
TRST	A	0.04%
HELE	C	0.04%
TMDX	F	0.04%
ARI	C	0.04%
SPNS	F	0.04%
THS	D	0.04%
CERS	C	0.04%
WSBF	C	0.04%
SMLR	B	0.04%
IDYA	F	0.04%
INSE	C	0.04%
GNK	D	0.04%
LPG	F	0.04%
RBBN	C	0.04%
UMH	C	0.04%
TRN	C	0.04%
TWI	F	0.04%
IGT	F	0.04%
HLIT	D	0.04%
IIIN	C	0.04%
TITN	C	0.04%
DOCN	D	0.04%
SAFT	C	0.04%
XRX	F	0.04%
LXP	D	0.04%
GCBC	C	0.04%
ASPN	F	0.04%
PCB	A	0.04%
PKBK	A	0.04%
EQC	B	0.04%
CNDT	C	0.04%
BDN	C	0.04%
HSII	B	0.04%
BSRR	B	0.04%
MBUU	C	0.04%
HFWA	B	0.04%
HTBI	B	0.04%
SB	F	0.04%
AMCX	C	0.04%
SMMT	D	0.04%
ANGO	D	0.04%
FARO	B	0.04%
EXPO	D	0.04%
WVE	C	0.04%
HI	C	0.04%
AMRK	F	0.04%
PRCH	C	0.04%
LADR	B	0.04%
KOP	C	0.04%
ABSI	F	0.04%
OSW	A	0.04%
CABO	C	0.04%
LTC	B	0.04%
NPAB	B	0.04%
FFIC	B	0.04%
VECO	F	0.04%
FBRT	C	0.04%
ODP	F	0.04%
MSBI	B	0.04%
FNKO	D	0.04%
OCGN	F	0.04%
AROW	B	0.04%
SLAB	D	0.04%
BWMN	C	0.04%
EFC	C	0.04%
DOLE	D	0.04%
UE	C	0.04%
QNST	B	0.04%
PAR	B	0.04%
CLDT	B	0.04%
ANIK	F	0.04%
BL	B	0.04%
KELYA	F	0.04%
MGRC	B	0.04%
VYGR	F	0.04%
PRVA	B	0.04%
TBPH	C	0.04%
ICHR	C	0.04%
AIN	C	0.04%
GRND	A	0.04%
PCYO	B	0.04%
EGY	D	0.04%
EBC	B	0.04%
SWI	B	0.04%
CIVB	B	0.04%
RLGT	A	0.04%
PBPB	C	0.04%
NRC	F	0.04%
AMBA	B	0.03%
SVRA	D	0.03%
NWFL	C	0.03%
BGS	F	0.03%
AUPH	B	0.03%
LGTY	D	0.03%
BRZE	C	0.03%
KRNY	B	0.03%
SPOK	C	0.03%
LNN	B	0.03%
OLO	B	0.03%
LESL	C	0.03%
CIO	D	0.03%
METC	C	0.03%
NVRO	F	0.03%
JRVR	F	0.03%
MNKD	C	0.03%
DNLI	D	0.03%
HDSN	F	0.03%
MQ	F	0.03%
TROX	D	0.03%
GPRO	F	0.03%
OIS	C	0.03%
MITK	C	0.03%
JOE	F	0.03%
AI	B	0.03%
BOC	C	0.03%
OABI	F	0.03%
CLFD	D	0.03%
CLW	F	0.03%
FNA	C	0.03%
FSBW	B	0.03%
SHYF	C	0.03%
SHAK	C	0.03%
HTLD	B	0.03%
BBIO	F	0.03%
SLP	D	0.03%
VIRC	B	0.03%
RXT	C	0.03%
HCAT	D	0.03%
DBI	F	0.03%
ESPR	C	0.03%
REX	D	0.03%
RWT	D	0.03%
RGR	F	0.03%
WOOF	D	0.03%
CASS	B	0.03%
QTRX	F	0.03%
BZH	B	0.03%
SD	D	0.03%
ARDX	F	0.03%
RDUS	C	0.03%
CHMG	B	0.03%
SVC	F	0.03%
EVH	F	0.03%
CWT	D	0.03%
FBMS	B	0.03%
EAF	C	0.03%
INFU	B	0.03%
DCO	C	0.03%
AIV	C	0.03%
OFLX	D	0.03%
EBF	F	0.03%
ACIC	B	0.03%
NBR	C	0.03%
OBK	B	0.03%
WS	B	0.03%
SBSI	B	0.03%
TH	C	0.03%
NEO	C	0.03%
NXRT	B	0.03%
BCBP	A	0.03%
FG	B	0.03%
OPK	C	0.03%
CHGG	D	0.03%
JBI	F	0.03%
GEOS	C	0.03%
TDW	F	0.03%
BJRI	B	0.03%
OI	C	0.03%
CEVA	B	0.03%
NATL	B	0.03%
TALO	C	0.03%
MODG	F	0.03%
GNL	F	0.03%
ARCT	F	0.03%
GENC	B	0.03%
KLG	C	0.03%
CWCO	C	0.03%
VICR	B	0.03%
ADV	D	0.03%
MATW	C	0.03%
BRT	B	0.03%
MCB	B	0.03%
EGBN	B	0.03%
RMAX	C	0.03%
ANET	C	0.03%
AMBC	C	0.03%
HAYN	C	0.03%
LXU	B	0.03%
NKSH	B	0.03%
UVV	B	0.03%
GRPN	F	0.03%
ABUS	D	0.03%
SNDX	F	0.03%
JELD	F	0.03%
AEYE	C	0.03%
TGI	B	0.03%
PGNY	F	0.03%
BWFG	A	0.03%
FOXF	F	0.03%
GHM	A	0.03%
DIN	C	0.03%
PD	C	0.03%
FNLC	B	0.03%
DH	D	0.03%
PARR	D	0.03%
PAYO	A	0.03%
EPM	A	0.03%
NVEC	C	0.03%
HAIN	C	0.03%
MNTK	F	0.03%
MRSN	D	0.03%
FLIC	B	0.03%
BFC	B	0.03%
MTW	C	0.03%
HASI	D	0.03%
MGNX	F	0.03%
ROIC	A	0.03%
FMNB	B	0.03%
CRMD	C	0.03%
UTL	B	0.03%
MED	F	0.03%
IVT	B	0.03%
LILAK	D	0.03%
HPP	F	0.03%
MGNI	A	0.03%
OLPX	D	0.02%
XERS	B	0.02%
HL	D	0.02%
WTI	F	0.02%
BOOM	F	0.02%
NABL	F	0.02%
AVXL	B	0.02%
LILA	D	0.02%
CTV	A	0.02%
HBIO	F	0.02%
EDIT	F	0.02%
GMRE	F	0.02%
CVI	F	0.02%
LGIH	D	0.02%
RVNC	F	0.02%
PEBK	B	0.02%
ZYXI	D	0.02%
ADCT	F	0.02%
AESI	B	0.02%
TSBK	B	0.02%
STOK	F	0.02%
CRCT	F	0.02%
SRI	F	0.02%
HE	C	0.02%
IMMR	C	0.02%
YORW	D	0.02%
GTN	F	0.02%
CSR	B	0.02%
SHLS	F	0.02%
PSTL	D	0.02%
FSTR	B	0.02%
VRDN	D	0.02%
BUR	C	0.02%
EGAN	C	0.02%
MXL	C	0.02%
SSP	F	0.02%
NVCR	C	0.02%
LQDA	D	0.02%
GDOT	D	0.02%
PLBC	A	0.02%
NPK	B	0.02%
ELME	D	0.02%
DX	B	0.02%
XPRO	F	0.02%
CTO	B	0.02%
FSP	C	0.02%
PLOW	D	0.02%
ACEL	C	0.02%
PSTX	D	0.02%
SMID	B	0.02%
VIR	D	0.02%
BELFA	D	0.02%
MSGE	F	0.02%
RCKT	F	0.02%
EU	D	0.02%
SJW	D	0.02%
LTH	C	0.02%
TSHA	C	0.02%
KREF	D	0.02%
III	C	0.02%
CTRN	D	0.02%
DXLG	F	0.02%
JANX	C	0.02%
THRM	D	0.02%
BEAM	D	0.02%
HIFS	B	0.02%
CRSR	C	0.02%
AOSL	C	0.02%
NC	B	0.02%
PAX	B	0.02%
NTLA	F	0.02%
GDEN	B	0.02%
MATV	D	0.02%
CYH	F	0.02%
NNBR	C	0.02%
SAH	A	0.02%
PLRX	F	0.02%
CDLX	D	0.02%
AHH	D	0.02%
PBYI	C	0.02%
MTRX	B	0.02%
AMTB	B	0.02%
DEA	D	0.02%
JYNT	C	0.02%
VRA	F	0.02%
KROS	D	0.02%
NGS	B	0.02%
IOVA	F	0.02%
COFS	A	0.02%
LRMR	F	0.02%
ZUO	B	0.02%
MFIN	C	0.02%
ANNX	F	0.02%
CNNE	B	0.02%
NREF	A	0.02%
FDBC	C	0.02%
UHT	D	0.02%
BRY	F	0.02%
KIDS	D	0.02%
CMT	D	0.02%
NKTR	F	0.02%
ORN	C	0.02%
ARRY	C	0.02%
SKYH	C	0.02%
OMER	A	0.02%
SKIN	D	0.02%
CLBK	B	0.02%
LAZR	F	0.02%
KTOS	B	0.02%
ASTE	B	0.02%
IRON	B	0.02%
AMPY	C	0.02%
APPS	F	0.02%
SGC	C	0.02%
ARWR	F	0.02%
ILPT	D	0.02%
JOUT	D	0.02%
KURA	F	0.02%
GOOD	B	0.02%
HONE	B	0.02%
AGIO	C	0.02%
LUNG	F	0.02%
SMTI	B	0.02%
MNMD	C	0.02%
TLS	F	0.02%
MRTN	C	0.02%
TMP	B	0.02%
GTY	B	0.02%
FLNG	B	0.02%
BLMN	F	0.02%
BAND	B	0.02%
MEI	D	0.01%
HRTX	F	0.01%
SLDP	F	0.01%
CODI	B	0.01%
FVCB	B	0.01%
BRSP	B	0.01%
FWRD	D	0.01%
NRDY	C	0.01%
AAOI	B	0.01%
TTEC	F	0.01%
HQI	B	0.01%
KRO	D	0.01%
KODK	B	0.01%
XMTR	C	0.01%
IBUY	A	0.01%
ACRE	C	0.01%
PRAA	C	0.01%
ALTG	C	0.01%
NVAX	F	0.01%
ATLC	B	0.01%
PINE	C	0.01%
RGCO	C	0.01%
ADPT	C	0.01%
CPSS	B	0.01%
AVD	D	0.01%
MBCN	B	0.01%
INO	F	0.01%
VVI	C	0.01%
LCUT	F	0.01%
ATLO	D	0.01%
SAGE	F	0.01%
INZY	F	0.01%
ULBI	F	0.01%
CRNC	C	0.01%
ANAB	F	0.01%
EVI	C	0.01%
ARHS	F	0.01%
HZO	D	0.0%
PLL	C	0.0%
ACDC	C	0.0%
SRRK	B	0.0%
SSTI	C	0.0%
METCB	D	0.0%
MYPS	C	0.0%
CVGI	F	0.0%
NR	B	0.0%
ACCD	D	0.0%
EYPT	F	0.0%
ACNB	B	0.0%
NKTX	F	0.0%
FRST	B	0.0%
FMAO	B	0.0%
SWBI	C	0.0%
URGN	F	0.0%

GSSC Underweight 39 Positions Relative to DWAS

Symbol	Grade	Weight
CVNA	B	-0.78%
RDW	B	-0.61%
ATI	D	-0.61%
PAY	B	-0.57%
CCB	A	-0.5%
PCT	C	-0.49%
VERX	B	-0.49%
TRAK	B	-0.48%
ALSN	B	-0.47%
LPX	B	-0.44%
AUR	C	-0.43%
TVTX	B	-0.42%
RYAN	B	-0.41%
NRIM	A	-0.41%
NGVC	A	-0.41%
FRPT	B	-0.4%
R	B	-0.4%
WEAV	B	-0.39%
VNO	B	-0.37%
AVAH	B	-0.37%
KEX	C	-0.36%
MTG	C	-0.35%
ALHC	C	-0.35%
PLCE	C	-0.34%
CXT	B	-0.34%
SERA	F	-0.34%
AXGN	D	-0.33%
SWIM	C	-0.33%
COGT	D	-0.3%
ALDX	D	-0.29%
THRD	D	-0.29%
LSEA	D	-0.28%
ATRO	D	-0.28%
HBB	F	-0.25%
UWMC	D	-0.25%
RKT	F	-0.25%
IGMS	F	-0.19%
PHAT	F	-0.17%
NOVA	F	-0.12%