GUSA vs. IWF ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to iShares Russell 1000 Growth ETF (IWF)

GUSA

Goldman Sachs MarketBeta U.S. 1000 Equity ETF

GUSA Description

The fund seeks to invest at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to measure the performance of equity securities of large and mid-capitalization equity issuers covering approximately the largest 1,000 of the free-float market capitalization in the U.S.

Grade (RS Rating)

Last Trade

$52.13

Average Daily Volume

6,978

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$397.29

Average Daily Volume

1,221,486

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	IWF
30 Days	4.16%	3.01%
60 Days	5.29%	4.98%
90 Days	7.76%	7.76%
12 Months	33.97%	36.12%

360 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in IWF	Overlap
	AAL	B	0.02%	0.0%	0.0%
	AAON	B	0.01%	0.03%	0.01%
	AAPL	B	6.17%	11.48%	6.17%
	ABBV	D	0.54%	0.45%	0.45%
	ABNB	C	0.1%	0.2%	0.1%
	ADBE	C	0.4%	0.77%	0.4%
	ADP	B	0.22%	0.4%	0.22%
	ADSK	B	0.12%	0.23%	0.12%
	AJG	A	0.11%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.09%	0.03%	0.03%
	ALLY	C	0.02%	0.0%	0.0%
	ALNY	D	0.05%	0.1%	0.05%
	AM	B	0.01%	0.01%	0.01%
	AMAT	F	0.25%	0.46%	0.25%
	AMD	F	0.41%	0.5%	0.41%
	AMGN	D	0.27%	0.42%	0.27%
	AMP	B	0.1%	0.18%	0.1%
	AMT	D	0.17%	0.33%	0.17%
	AMZN	C	3.5%	6.37%	3.5%
	ANET	C	0.17%	0.36%	0.17%
	APH	B	0.15%	0.17%	0.15%
	APO	A	0.13%	0.22%	0.13%
	APP	B	0.13%	0.29%	0.13%
	APPF	B	0.01%	0.02%	0.01%
	ARES	B	0.06%	0.11%	0.06%
	AVGO	D	1.38%	2.58%	1.38%
	AVY	D	0.03%	0.02%	0.02%
	AXON	B	0.08%	0.16%	0.08%
	AXP	A	0.29%	0.21%	0.21%
	AZEK	B	0.01%	0.02%	0.01%
	AZO	C	0.1%	0.17%	0.1%
	BA	D	0.16%	0.06%	0.06%
	BAH	F	0.03%	0.07%	0.03%
	BFAM	F	0.01%	0.0%	0.0%
	BILL	A	0.02%	0.01%	0.01%
	BKNG	B	0.3%	0.58%	0.3%
	BLD	C	0.02%	0.0%	0.0%
	BLDR	C	0.04%	0.01%	0.01%
	BPOP	B	0.01%	0.0%	0.0%
	BR	A	0.05%	0.08%	0.05%
	BRKR	F	0.01%	0.01%	0.01%
	BRO	B	0.05%	0.04%	0.04%
	BROS	B	0.01%	0.01%	0.01%
	BSY	D	0.01%	0.02%	0.01%
	BURL	B	0.03%	0.06%	0.03%
	BWXT	B	0.02%	0.01%	0.01%
	BX	B	0.24%	0.47%	0.24%
	CACC	D	0.01%	0.01%	0.01%
	CAH	B	0.05%	0.06%	0.05%
	CASY	B	0.03%	0.01%	0.01%
	CAT	B	0.34%	0.09%	0.09%
	CDNS	B	0.15%	0.29%	0.15%
	CDW	F	0.04%	0.04%	0.04%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.13%	0.04%	0.04%
	CELH	F	0.01%	0.02%	0.01%
	CFLT	B	0.01%	0.03%	0.01%
	CGNX	C	0.01%	0.0%	0.0%
	CHDN	B	0.02%	0.03%	0.02%
	CHE	D	0.01%	0.0%	0.0%
	CHH	A	0.01%	0.01%	0.01%
	CI	D	0.16%	0.03%	0.03%
	CIVI	D	0.01%	0.0%	0.0%
	CL	D	0.14%	0.15%	0.14%
	CLF	F	0.01%	0.01%	0.01%
	CLX	C	0.04%	0.07%	0.04%
	CMG	B	0.15%	0.28%	0.15%
	CNM	D	0.01%	0.02%	0.01%
	COIN	B	0.12%	0.17%	0.12%
	COR	C	0.08%	0.14%	0.08%
	COST	B	0.75%	1.46%	0.75%
	CPAY	A	0.05%	0.09%	0.05%
	CPNG	D	0.05%	0.1%	0.05%
	CPRT	A	0.09%	0.16%	0.09%
	CRM	B	0.55%	0.92%	0.55%
	CROX	F	0.01%	0.0%	0.0%
	CRWD	B	0.15%	0.28%	0.15%
	CSL	B	0.04%	0.01%	0.01%
	CTAS	B	0.14%	0.25%	0.14%
	CVNA	B	0.05%	0.03%	0.03%
	DASH	A	0.1%	0.18%	0.1%
	DAY	A	0.02%	0.0%	0.0%
	DBX	C	0.01%	0.01%	0.01%
	DDOG	A	0.07%	0.15%	0.07%
	DECK	A	0.05%	0.1%	0.05%
	DELL	C	0.07%	0.02%	0.02%
	DJT	C	0.0%	0.0%	0.0%
	DKNG	C	0.04%	0.07%	0.04%
	DKS	C	0.02%	0.0%	0.0%
	DOCS	C	0.01%	0.0%	0.0%
	DOCU	A	0.03%	0.06%	0.03%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.03%	0.04%	0.03%
	DT	C	0.03%	0.05%	0.03%
	DUOL	B	0.02%	0.04%	0.02%
	DVA	B	0.01%	0.03%	0.01%
	DXCM	C	0.05%	0.1%	0.05%
	ECL	D	0.11%	0.18%	0.11%
	EFX	D	0.05%	0.02%	0.02%
	EG	C	0.02%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	ELF	C	0.01%	0.02%	0.01%
	ELV	F	0.17%	0.05%	0.05%
	EME	B	0.04%	0.03%	0.03%
	ENPH	F	0.01%	0.03%	0.01%
	ENTG	D	0.03%	0.05%	0.03%
	EPAM	C	0.02%	0.0%	0.0%
	EQH	B	0.03%	0.05%	0.03%
	EQIX	A	0.16%	0.02%	0.02%
	EQT	B	0.05%	0.01%	0.01%
	ESTC	C	0.01%	0.03%	0.01%
	ETSY	D	0.01%	0.01%	0.01%
	EW	C	0.08%	0.03%	0.03%
	EXAS	F	0.02%	0.01%	0.01%
	EXEL	A	0.02%	0.03%	0.02%
	EXP	B	0.02%	0.03%	0.02%
	EXPD	C	0.03%	0.01%	0.01%
	EXPE	B	0.04%	0.08%	0.04%
	FAST	B	0.09%	0.14%	0.09%
	FDS	B	0.03%	0.02%	0.02%
	FI	A	0.22%	0.14%	0.14%
	FICO	B	0.1%	0.16%	0.1%
	FIVE	D	0.01%	0.01%	0.01%
	FIX	A	0.03%	0.06%	0.03%
	FND	C	0.02%	0.01%	0.01%
	FOUR	B	0.01%	0.02%	0.01%
	FTNT	C	0.1%	0.17%	0.1%
	GDDY	B	0.05%	0.09%	0.05%
	GE	D	0.35%	0.14%	0.14%
	GEHC	F	0.06%	0.01%	0.01%
	GLOB	B	0.02%	0.02%	0.02%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	C	1.71%	2.88%	1.71%
	GOOGL	C	1.9%	3.41%	1.9%
	GS	B	0.33%	0.17%	0.17%
	GTLB	C	0.01%	0.03%	0.01%
	GWRE	B	0.03%	0.03%	0.03%
	GWW	A	0.09%	0.16%	0.09%
	H	A	0.01%	0.0%	0.0%
	HAS	D	0.01%	0.03%	0.01%
	HCA	F	0.11%	0.05%	0.05%
	HCP	B	0.01%	0.01%	0.01%
	HD	A	0.74%	1.12%	0.74%
	HEI	B	0.02%	0.06%	0.02%
	HEI	B	0.02%	0.04%	0.02%
	HEI	B	0.03%	0.06%	0.03%
	HEI	B	0.03%	0.04%	0.03%
	HES	C	0.07%	0.09%	0.07%
	HLI	A	0.02%	0.0%	0.0%
	HLT	A	0.11%	0.11%	0.11%
	HON	B	0.27%	0.08%	0.08%
	HPQ	B	0.06%	0.03%	0.03%
	HRB	D	0.01%	0.01%	0.01%
	HSY	F	0.05%	0.01%	0.01%
	HUBS	B	0.06%	0.12%	0.06%
	HWM	B	0.09%	0.01%	0.01%
	IDXX	F	0.06%	0.12%	0.06%
	INCY	C	0.02%	0.0%	0.0%
	INSP	D	0.01%	0.02%	0.01%
	INTU	C	0.32%	0.64%	0.32%
	IONS	F	0.01%	0.02%	0.01%
	IQV	F	0.06%	0.01%	0.01%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	C	0.35%	0.67%	0.35%
	IT	C	0.07%	0.14%	0.07%
	ITCI	C	0.01%	0.03%	0.01%
	ITW	A	0.14%	0.1%	0.1%
	JBL	C	0.03%	0.0%	0.0%
	JEF	A	0.02%	0.01%	0.01%
	JLL	B	0.02%	0.01%	0.01%
	KBR	F	0.01%	0.0%	0.0%
	KKR	B	0.19%	0.11%	0.11%
	KLAC	F	0.15%	0.29%	0.15%
	KMB	C	0.08%	0.07%	0.07%
	KMX	B	0.02%	0.0%	0.0%
	KNSL	B	0.02%	0.04%	0.02%
	KO	D	0.44%	0.49%	0.44%
	LAMR	C	0.02%	0.01%	0.01%
	LBRDA	C	0.0%	0.0%	0.0%
	LBRDK	C	0.02%	0.01%	0.01%
	LECO	C	0.02%	0.01%	0.01%
	LII	A	0.04%	0.07%	0.04%
	LLY	F	1.13%	2.08%	1.13%
	LMT	D	0.23%	0.13%	0.13%
	LNG	B	0.09%	0.09%	0.09%
	LNW	D	0.01%	0.03%	0.01%
	LPLA	B	0.04%	0.08%	0.04%
	LPX	B	0.01%	0.02%	0.01%
	LRCX	F	0.17%	0.33%	0.17%
	LSCC	D	0.01%	0.02%	0.01%
	LULU	C	0.06%	0.13%	0.06%
	LVS	C	0.03%	0.06%	0.03%
	LW	C	0.02%	0.01%	0.01%
	LYFT	C	0.01%	0.01%	0.01%
	LYV	A	0.04%	0.08%	0.04%
	MA	B	0.78%	1.47%	0.78%
	MANH	C	0.03%	0.06%	0.03%
	MASI	A	0.01%	0.01%	0.01%
	MCD	D	0.38%	0.05%	0.05%
	MCK	C	0.15%	0.12%	0.12%
	MCO	A	0.13%	0.26%	0.13%
	MDB	C	0.04%	0.08%	0.04%
	MEDP	F	0.01%	0.03%	0.01%
	META	D	2.23%	4.26%	2.23%
	MKL	A	0.04%	0.02%	0.02%
	MKSI	C	0.01%	0.0%	0.0%
	MLM	B	0.07%	0.01%	0.01%
	MMC	A	0.2%	0.05%	0.05%
	MMM	D	0.13%	0.05%	0.05%
	MNST	B	0.07%	0.11%	0.07%
	MOH	F	0.03%	0.04%	0.03%
	MORN	A	0.02%	0.03%	0.02%
	MPWR	F	0.05%	0.09%	0.05%
	MRK	F	0.45%	0.88%	0.45%
	MRVL	B	0.14%	0.02%	0.02%
	MS	B	0.3%	0.03%	0.03%
	MSCI	C	0.08%	0.09%	0.08%
	MSFT	D	5.59%	10.61%	5.59%
	MSI	C	0.15%	0.13%	0.13%
	MSTR	C	0.14%	0.01%	0.01%
	MTDR	C	0.01%	0.0%	0.0%
	MTN	C	0.01%	0.02%	0.01%
	MUSA	B	0.02%	0.03%	0.02%
	NBIX	C	0.02%	0.04%	0.02%
	NCLH	B	0.02%	0.04%	0.02%
	NET	B	0.05%	0.11%	0.05%
	NFLX	B	0.67%	1.33%	0.67%
	NKE	F	0.16%	0.19%	0.16%
	NOW	B	0.38%	0.74%	0.38%
	NRG	C	0.04%	0.03%	0.03%
	NTAP	C	0.05%	0.04%	0.04%
	NTNX	B	0.03%	0.02%	0.02%
	NTRA	B	0.03%	0.07%	0.03%
	NVDA	C	6.32%	11.86%	6.32%
	NXST	C	0.01%	0.01%	0.01%
	ODFL	B	0.07%	0.15%	0.07%
	OKTA	C	0.02%	0.02%	0.02%
	OLED	F	0.01%	0.01%	0.01%
	ONTO	F	0.01%	0.01%	0.01%
	ORCL	C	0.56%	1.04%	0.56%
	ORLY	B	0.13%	0.22%	0.13%
	OWL	B	0.02%	0.04%	0.02%
	PANW	C	0.23%	0.42%	0.23%
	PATH	C	0.01%	0.02%	0.01%
	PAYC	A	0.02%	0.03%	0.02%
	PAYX	B	0.08%	0.06%	0.06%
	PCOR	B	0.01%	0.03%	0.01%
	PCTY	B	0.02%	0.03%	0.02%
	PEN	C	0.02%	0.03%	0.02%
	PEP	F	0.39%	0.6%	0.39%
	PFGC	A	0.02%	0.01%	0.01%
	PG	A	0.73%	0.31%	0.31%
	PGR	A	0.27%	0.45%	0.27%
	PINS	F	0.03%	0.06%	0.03%
	PLNT	B	0.02%	0.02%	0.02%
	PLTR	B	0.23%	0.43%	0.23%
	PODD	B	0.03%	0.06%	0.03%
	POOL	C	0.03%	0.05%	0.03%
	PPC	C	0.0%	0.0%	0.0%
	PR	C	0.02%	0.01%	0.01%
	PSA	C	0.1%	0.03%	0.03%
	PSTG	D	0.03%	0.05%	0.03%
	PTC	A	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.05%	0.05%
	QCOM	F	0.33%	0.56%	0.33%
	RBLX	C	0.05%	0.09%	0.05%
	RCL	B	0.1%	0.07%	0.07%
	REGN	F	0.14%	0.02%	0.02%
	RGEN	D	0.01%	0.0%	0.0%
	RH	B	0.01%	0.0%	0.0%
	RLI	A	0.01%	0.0%	0.0%
	RMD	C	0.06%	0.03%	0.03%
	ROK	B	0.06%	0.01%	0.01%
	ROKU	D	0.02%	0.0%	0.0%
	ROL	B	0.03%	0.05%	0.03%
	ROST	C	0.08%	0.04%	0.04%
	RPM	A	0.03%	0.01%	0.01%
	RYAN	A	0.01%	0.03%	0.01%
	S	B	0.01%	0.0%	0.0%
	SAIA	C	0.03%	0.03%	0.03%
	SBUX	B	0.2%	0.3%	0.2%
	SCHW	A	0.22%	0.04%	0.04%
	SEE	C	0.01%	0.0%	0.0%
	SHW	A	0.16%	0.28%	0.16%
	SITE	C	0.01%	0.01%	0.01%
	SKX	D	0.02%	0.0%	0.0%
	SMAR	A	0.01%	0.03%	0.01%
	SMCI	D	0.03%	0.05%	0.03%
	SN	D	0.01%	0.0%	0.0%
	SNOW	C	0.08%	0.19%	0.08%
	SNPS	B	0.15%	0.29%	0.15%
	SOFI	B	0.02%	0.01%	0.01%
	SPG	C	0.11%	0.05%	0.05%
	SQ	B	0.09%	0.08%	0.08%
	SRPT	F	0.02%	0.03%	0.02%
	SSD	C	0.01%	0.0%	0.0%
	SYK	C	0.23%	0.14%	0.14%
	SYY	C	0.07%	0.08%	0.07%
	TDG	D	0.13%	0.05%	0.05%
	TEAM	B	0.07%	0.14%	0.07%
	TER	F	0.03%	0.05%	0.03%
	TJX	A	0.25%	0.28%	0.25%
	TKO	B	0.02%	0.01%	0.01%
	TOST	B	0.03%	0.06%	0.03%
	TPG	B	0.01%	0.01%	0.01%
	TPL	B	0.06%	0.1%	0.06%
	TPX	A	0.02%	0.03%	0.02%
	TREX	C	0.01%	0.03%	0.01%
	TRGP	B	0.08%	0.16%	0.08%
	TRU	D	0.03%	0.0%	0.0%
	TSCO	C	0.05%	0.1%	0.05%
	TSLA	B	1.76%	3.26%	1.76%
	TT	B	0.17%	0.11%	0.11%
	TTD	B	0.1%	0.19%	0.1%
	TTEK	F	0.02%	0.01%	0.01%
	TW	B	0.03%	0.02%	0.02%
	TWLO	B	0.03%	0.01%	0.01%
	TXN	D	0.33%	0.08%	0.08%
	TXRH	A	0.02%	0.04%	0.02%
	TYL	A	0.05%	0.07%	0.05%
	U	C	0.01%	0.01%	0.01%
	UBER	D	0.26%	0.48%	0.26%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	B	0.97%	0.13%	0.13%
	UNP	C	0.26%	0.24%	0.24%
	URI	B	0.1%	0.05%	0.05%
	UWMC	F	0.0%	0.0%	0.0%
	V	A	0.95%	1.69%	0.95%
	VEEV	B	0.06%	0.11%	0.06%
	VKTX	F	0.01%	0.02%	0.01%
	VLTO	C	0.04%	0.04%	0.04%
	VMC	B	0.07%	0.03%	0.03%
	VRSK	A	0.07%	0.14%	0.07%
	VRSN	F	0.03%	0.0%	0.0%
	VRT	B	0.09%	0.17%	0.09%
	VRTX	D	0.21%	0.2%	0.2%
	VST	B	0.1%	0.2%	0.1%
	VVV	F	0.01%	0.02%	0.01%
	WAT	B	0.04%	0.05%	0.04%
	WDAY	C	0.1%	0.2%	0.1%
	WEX	F	0.01%	0.0%	0.0%
	WFRD	F	0.01%	0.02%	0.01%
	WH	A	0.01%	0.0%	0.0%
	WING	F	0.02%	0.03%	0.02%
	WM	A	0.16%	0.31%	0.16%
	WMS	F	0.02%	0.01%	0.01%
	WSC	D	0.01%	0.01%	0.01%
	WSM	B	0.03%	0.04%	0.03%
	WST	C	0.04%	0.05%	0.04%
	WYNN	D	0.02%	0.0%	0.0%
	XPO	B	0.03%	0.06%	0.03%
	YUM	B	0.07%	0.05%	0.05%
	ZBRA	A	0.04%	0.01%	0.01%
	ZS	C	0.03%	0.07%	0.03%
	ZTS	D	0.15%	0.23%	0.15%

GUSA Overweight 619 Positions Relative to IWF

	Symbol	Grade	Weight
	JPM	B	1.26%
	BRK.A	B	1.13%
	XOM	C	0.96%
	WMT	B	0.69%
	JNJ	D	0.67%
	BAC	A	0.57%
	CVX	B	0.5%
	WFC	A	0.46%
	CSCO	A	0.42%
	ACN	B	0.4%
	LIN	D	0.39%
	PM	B	0.37%
	ABT	B	0.37%
	DIS	B	0.37%
	IBM	C	0.35%
	TMO	F	0.35%
	VZ	B	0.32%
	CMCSA	C	0.3%
	T	A	0.3%
	SPGI	C	0.29%
	RTX	D	0.29%
	NEE	D	0.29%
	BLK	C	0.28%
	LOW	C	0.27%
	DHR	D	0.27%
	PFE	D	0.26%
	ETN	A	0.26%
	COP	D	0.24%
	BSX	C	0.24%
	C	A	0.23%
	BMY	B	0.22%
	TMUS	A	0.21%
	CB	D	0.21%
	MU	D	0.2%
	MDT	D	0.2%
	GILD	B	0.2%
	INTC	C	0.19%
	ADI	D	0.19%
	PLD	D	0.19%
	SO	D	0.18%
	UPS	C	0.18%
	DE	B	0.18%
	GEV	C	0.17%
	MO	A	0.17%
	MDLZ	F	0.16%
	PYPL	A	0.16%
	DUK	C	0.16%
	PH	A	0.16%
	MELI	C	0.16%
	ICE	D	0.16%
	PNC	A	0.15%
	CME	A	0.15%
	WELL	C	0.15%
	EMR	A	0.14%
	AON	A	0.14%
	USB	A	0.14%
	EOG	C	0.14%
	CVS	D	0.13%
	WMB	B	0.13%
	NOC	D	0.13%
	TGT	F	0.13%
	APD	A	0.13%
	FCX	F	0.12%
	GD	F	0.12%
	BDX	F	0.12%
	FDX	B	0.12%
	OKE	C	0.12%
	SPOT	B	0.12%
	MAR	A	0.12%
	CSX	B	0.12%
	COF	B	0.12%
	NSC	A	0.11%
	ROP	B	0.11%
	TRV	B	0.11%
	SRE	A	0.11%
	SLB	C	0.11%
	DLR	A	0.11%
	GM	B	0.11%
	TFC	B	0.11%
	CARR	C	0.11%
	MPC	F	0.1%
	PSX	C	0.1%
	KMI	B	0.1%
	JCI	C	0.1%
	AFL	B	0.1%
	BK	A	0.1%
	PCAR	B	0.1%
	DHI	D	0.09%
	FLUT	A	0.09%
	FIS	D	0.09%
	AIG	B	0.09%
	D	C	0.09%
	MET	A	0.09%
	NEM	F	0.09%
	CMI	A	0.09%
	O	D	0.09%
	AEP	D	0.09%
	IR	A	0.08%
	DAL	B	0.08%
	BKR	C	0.08%
	F	C	0.08%
	DFS	B	0.08%
	RSG	A	0.08%
	PRU	A	0.08%
	AME	A	0.08%
	PCG	B	0.08%
	PEG	A	0.08%
	KVUE	A	0.08%
	CCI	D	0.08%
	VLO	C	0.08%
	LHX	C	0.08%
	A	D	0.07%
	CHTR	C	0.07%
	GLW	B	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	XEL	A	0.07%
	KR	A	0.07%
	EXC	D	0.07%
	LEN	C	0.07%
	EA	C	0.07%
	OTIS	C	0.07%
	CTVA	B	0.07%
	CBRE	B	0.07%
	RJF	A	0.06%
	TTWO	B	0.06%
	CNC	F	0.06%
	DOW	F	0.06%
	DD	D	0.06%
	UAL	B	0.06%
	FITB	B	0.06%
	WEC	A	0.06%
	WTW	B	0.06%
	ETR	B	0.06%
	GRMN	A	0.06%
	FANG	F	0.06%
	AVB	B	0.06%
	NDAQ	A	0.06%
	EIX	A	0.06%
	VICI	C	0.06%
	KDP	D	0.06%
	HUM	C	0.06%
	ED	D	0.06%
	WAB	B	0.06%
	HIG	B	0.06%
	MCHP	F	0.06%
	ACGL	D	0.06%
	NUE	D	0.06%
	EXR	C	0.06%
	GIS	D	0.06%
	OXY	F	0.06%
	MTB	B	0.06%
	DTE	C	0.05%
	ADM	F	0.05%
	SYF	A	0.05%
	PPL	B	0.05%
	EQR	B	0.05%
	CCL	B	0.05%
	FCNCA	B	0.05%
	HBAN	B	0.05%
	TROW	A	0.05%
	NVR	D	0.05%
	VTR	D	0.05%
	FTV	B	0.05%
	KEYS	B	0.05%
	PHM	C	0.05%
	HAL	C	0.05%
	AWK	D	0.05%
	SW	B	0.05%
	CHD	B	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	PPG	D	0.05%
	STT	A	0.05%
	ON	C	0.05%
	GPN	C	0.05%
	XYL	D	0.05%
	CSGP	C	0.05%
	ANSS	B	0.05%
	EBAY	C	0.05%
	STX	D	0.04%
	IBKR	B	0.04%
	ESS	B	0.04%
	LUV	B	0.04%
	INVH	D	0.04%
	PFG	C	0.04%
	LH	B	0.04%
	IP	B	0.04%
	ZM	B	0.04%
	CNP	A	0.04%
	STLD	B	0.04%
	CMS	C	0.04%
	CFG	B	0.04%
	STE	F	0.04%
	LYB	F	0.04%
	K	A	0.04%
	CBOE	B	0.04%
	LDOS	D	0.04%
	PKG	B	0.04%
	WBD	C	0.04%
	ES	D	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	ILMN	C	0.04%
	WDC	C	0.04%
	ATO	A	0.04%
	WY	D	0.04%
	BIIB	F	0.04%
	ZBH	C	0.04%
	IFF	D	0.04%
	FE	D	0.04%
	CINF	A	0.04%
	SBAC	D	0.04%
	DVN	F	0.04%
	KHC	D	0.04%
	RF	B	0.04%
	AEE	A	0.04%
	HUBB	B	0.04%
	MTD	F	0.04%
	RVTY	D	0.03%
	NDSN	B	0.03%
	APTV	F	0.03%
	UDR	B	0.03%
	FFIV	A	0.03%
	CW	B	0.03%
	AMCR	D	0.03%
	SFM	B	0.03%
	JBHT	C	0.03%
	EWBC	B	0.03%
	ACM	A	0.03%
	AFRM	B	0.03%
	EVRG	A	0.03%
	FLEX	B	0.03%
	UTHR	C	0.03%
	DOC	C	0.03%
	GGG	B	0.03%
	USFD	A	0.03%
	RGA	A	0.03%
	TOL	A	0.03%
	TXT	D	0.03%
	L	B	0.03%
	VTRS	B	0.03%
	CF	B	0.03%
	SSNC	A	0.03%
	SUI	D	0.03%
	GEN	A	0.03%
	LNT	A	0.03%
	FNF	B	0.03%
	MRO	B	0.03%
	ARE	D	0.03%
	MAS	C	0.03%
	J	F	0.03%
	GPC	D	0.03%
	BBY	D	0.03%
	KIM	A	0.03%
	BAX	F	0.03%
	NI	A	0.03%
	OC	B	0.03%
	DG	F	0.03%
	RS	B	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	PNR	B	0.03%
	HOOD	B	0.03%
	TSN	B	0.03%
	YUMC	B	0.03%
	DGX	B	0.03%
	BALL	D	0.03%
	KEY	A	0.03%
	WRB	A	0.03%
	WSO	A	0.03%
	SNA	A	0.03%
	HOLX	D	0.03%
	MAA	B	0.03%
	MKC	D	0.03%
	FSLR	F	0.03%
	OMC	C	0.03%
	CTRA	B	0.03%
	RL	B	0.02%
	MOS	F	0.02%
	CFR	B	0.02%
	EGP	D	0.02%
	RRC	B	0.02%
	CPB	D	0.02%
	GPK	C	0.02%
	FRT	A	0.02%
	TTC	D	0.02%
	AOS	D	0.02%
	SNX	C	0.02%
	RBC	B	0.02%
	CNH	A	0.02%
	CBSH	B	0.02%
	CR	B	0.02%
	HQY	B	0.02%
	MGM	F	0.02%
	AXTA	A	0.02%
	ZION	B	0.02%
	HRL	D	0.02%
	RVMD	B	0.02%
	HSIC	B	0.02%
	OGE	A	0.02%
	X	C	0.02%
	ORI	A	0.02%
	KNX	B	0.02%
	AR	B	0.02%
	QGEN	D	0.02%
	FLR	B	0.02%
	CMA	A	0.02%
	CRS	B	0.02%
	BRX	A	0.02%
	MTZ	B	0.02%
	FN	D	0.02%
	FBIN	D	0.02%
	SCCO	F	0.02%
	TFX	F	0.02%
	DCI	A	0.02%
	WCC	B	0.02%
	INGR	B	0.02%
	SOLV	C	0.02%
	PNFP	B	0.02%
	REXR	F	0.02%
	DOX	D	0.02%
	LKQ	D	0.02%
	GMED	A	0.02%
	CRL	C	0.02%
	BRBR	B	0.02%
	ARMK	A	0.02%
	CIEN	B	0.02%
	WAL	B	0.02%
	AYI	B	0.02%
	LAD	B	0.02%
	AES	F	0.02%
	GL	C	0.02%
	RGLD	D	0.02%
	EHC	B	0.02%
	RPRX	D	0.02%
	CACI	D	0.02%
	OHI	D	0.02%
	AFG	A	0.02%
	MKTX	D	0.02%
	PRI	A	0.02%
	RDDT	B	0.02%
	FOXA	C	0.02%
	ALSN	B	0.02%
	DTM	B	0.02%
	PCVX	D	0.02%
	WBS	B	0.02%
	MLI	C	0.02%
	AIT	B	0.02%
	TAP	C	0.02%
	WWD	B	0.02%
	IOT	B	0.02%
	PNW	B	0.02%
	TECH	C	0.02%
	ERIE	D	0.02%
	IPG	C	0.02%
	FHN	B	0.02%
	GME	C	0.02%
	CTLT	B	0.02%
	WTRG	B	0.02%
	EVR	B	0.02%
	CCK	D	0.02%
	OVV	C	0.02%
	SNAP	C	0.02%
	ATR	B	0.02%
	CUBE	D	0.02%
	NWSA	B	0.02%
	UHS	D	0.02%
	CG	B	0.02%
	JNPR	F	0.02%
	SF	B	0.02%
	BJ	B	0.02%
	AIZ	B	0.02%
	RRX	A	0.02%
	BXP	D	0.02%
	BMRN	F	0.02%
	AA	A	0.02%
	Z	B	0.02%
	SJM	D	0.02%
	INSM	C	0.02%
	SCI	A	0.02%
	EMN	D	0.02%
	HST	C	0.02%
	REG	B	0.02%
	ALLE	D	0.02%
	ITT	A	0.02%
	WPC	D	0.02%
	FTI	A	0.02%
	MRNA	F	0.02%
	CLH	B	0.02%
	NVT	B	0.02%
	ALB	C	0.02%
	JKHY	D	0.02%
	AMH	C	0.02%
	BG	F	0.02%
	CHRW	C	0.02%
	ELS	C	0.02%
	CAG	D	0.02%
	TPR	A	0.02%
	CPT	B	0.02%
	AVTR	F	0.02%
	DLTR	D	0.02%
	AKAM	F	0.02%
	COHR	C	0.02%
	GLPI	B	0.02%
	SWK	D	0.02%
	UNM	A	0.02%
	THC	D	0.02%
	SWKS	F	0.02%
	RNR	C	0.02%
	ADTN	B	0.01%
	AMKR	F	0.01%
	TNET	D	0.01%
	HESM	B	0.01%
	SATS	D	0.01%
	COLM	A	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	CRVL	B	0.01%
	HUN	F	0.01%
	NUVL	D	0.01%
	NWS	B	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	B	0.01%
	ACHC	F	0.01%
	IAC	D	0.01%
	DDS	B	0.01%
	LANC	C	0.01%
	PII	F	0.01%
	MDU	F	0.01%
	MSM	C	0.01%
	ASGN	D	0.01%
	RYN	C	0.01%
	OPCH	F	0.01%
	M	D	0.01%
	OGN	F	0.01%
	W	D	0.01%
	ASH	F	0.01%
	ZETA	D	0.01%
	ENLC	B	0.01%
	HOG	F	0.01%
	XRAY	F	0.01%
	SIG	B	0.01%
	STEP	B	0.01%
	FLO	C	0.01%
	ROIV	B	0.01%
	NSIT	F	0.01%
	WLK	D	0.01%
	WMG	C	0.01%
	GAP	C	0.01%
	DLB	B	0.01%
	EEFT	B	0.01%
	AN	B	0.01%
	SLGN	A	0.01%
	PSN	D	0.01%
	CHWY	C	0.01%
	SWX	B	0.01%
	KRC	C	0.01%
	MGY	B	0.01%
	BYD	B	0.01%
	TENB	C	0.01%
	MUR	F	0.01%
	ST	F	0.01%
	EXPO	D	0.01%
	TKR	D	0.01%
	SON	D	0.01%
	MMS	F	0.01%
	OLN	F	0.01%
	HXL	D	0.01%
	IBP	C	0.01%
	FFIN	B	0.01%
	AL	A	0.01%
	ABG	B	0.01%
	SM	C	0.01%
	UGI	A	0.01%
	QLYS	C	0.01%
	OZK	B	0.01%
	GATX	A	0.01%
	POST	B	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	LEA	F	0.01%
	AMG	B	0.01%
	LNTH	D	0.01%
	CRUS	F	0.01%
	UBSI	B	0.01%
	SIRI	C	0.01%
	NFG	B	0.01%
	THO	B	0.01%
	EDR	A	0.01%
	PVH	C	0.01%
	FOX	B	0.01%
	HALO	F	0.01%
	IVZ	B	0.01%
	RMBS	C	0.01%
	WTS	B	0.01%
	VNT	C	0.01%
	JHG	A	0.01%
	SUM	B	0.01%
	AGCO	D	0.01%
	LNC	B	0.01%
	AUR	B	0.01%
	THG	C	0.01%
	ALTR	B	0.01%
	ESNT	D	0.01%
	SAIC	F	0.01%
	CHX	C	0.01%
	STWD	C	0.01%
	SIGI	B	0.01%
	BPMC	C	0.01%
	LFUS	D	0.01%
	IDA	B	0.01%
	NOVT	D	0.01%
	WHR	B	0.01%
	WBA	D	0.01%
	PARA	C	0.01%
	ESI	B	0.01%
	ARW	D	0.01%
	GBCI	B	0.01%
	BBWI	C	0.01%
	MSA	C	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	COLD	F	0.01%
	NOV	C	0.01%
	COKE	C	0.01%
	VNO	B	0.01%
	DINO	F	0.01%
	MTH	C	0.01%
	OMF	A	0.01%
	BIO	D	0.01%
	LSTR	B	0.01%
	SPSC	C	0.01%
	FYBR	D	0.01%
	ONB	B	0.01%
	STAG	D	0.01%
	ELAN	F	0.01%
	RHP	B	0.01%
	FAF	B	0.01%
	DAR	C	0.01%
	MOD	B	0.01%
	AXS	A	0.01%
	ALV	C	0.01%
	AGNC	D	0.01%
	HLNE	A	0.01%
	BEN	C	0.01%
	FCN	D	0.01%
	EXLS	A	0.01%
	ALK	A	0.01%
	GNTX	C	0.01%
	VMI	A	0.01%
	MTSI	B	0.01%
	ANF	C	0.01%
	RIVN	D	0.01%
	GXO	B	0.01%
	ESAB	B	0.01%
	CMC	B	0.01%
	TMHC	A	0.01%
	FMC	D	0.01%
	FR	C	0.01%
	OSK	B	0.01%
	GTLS	B	0.01%
	MHK	D	0.01%
	ATI	D	0.01%
	APG	B	0.01%
	JAZZ	B	0.01%
	VFC	C	0.01%
	MTCH	F	0.01%
	RHI	C	0.01%
	CRBG	B	0.01%
	CVLT	B	0.01%
	G	B	0.01%
	MIDD	B	0.01%
	JXN	B	0.01%
	PB	B	0.01%
	KEX	B	0.01%
	HII	F	0.01%
	UFPI	B	0.01%
	GKOS	B	0.01%
	BWA	C	0.01%
	BERY	B	0.01%
	ADC	B	0.01%
	CZR	D	0.01%
	VOYA	B	0.01%
	APA	F	0.01%
	SNV	B	0.01%
	ENSG	D	0.01%
	CHRD	F	0.01%
	FLS	A	0.01%
	SSB	B	0.01%
	NNN	D	0.01%
	SEIC	A	0.01%
	NYT	C	0.01%
	WTFC	B	0.01%
	ACI	C	0.01%
	BLCO	D	0.0%
	CWEN	C	0.0%
	CNA	B	0.0%
	LEN	C	0.0%
	BIRK	C	0.0%
	INFA	D	0.0%
	IMVT	F	0.0%
	REYN	D	0.0%
	LEVI	F	0.0%
	RKT	F	0.0%
	CLVT	F	0.0%
	LCID	F	0.0%
	IGT	F	0.0%
	SMMT	D	0.0%
	RCM	F	0.0%
	KNTK	B	0.0%
	CWEN	C	0.0%
	CPRI	F	0.0%
	BBIO	D	0.0%
	COTY	F	0.0%
	AGR	B	0.0%
	STNG	F	0.0%
	BOKF	B	0.0%

GUSA Underweight 34 Positions Relative to IWF

	Symbol	Grade	Weight
	CAVA	C	-0.04%
	LAZ	B	-0.02%
	FWONK	A	-0.02%
	LOPE	B	-0.01%
	WEN	D	-0.01%
	VNOM	B	-0.01%
	DV	C	-0.01%
	NCNO	B	-0.01%
	AWI	B	-0.01%
	FRPT	B	-0.01%
	FERG	B	-0.01%
	FIVN	C	-0.01%
	RNG	B	-0.01%
	APLS	D	-0.01%
	TDC	D	-0.01%
	PEGA	A	-0.01%
	RARE	F	-0.01%
	FTRE	C	-0.0%
	TRIP	F	-0.0%
	ALAB	B	-0.0%
	PYCR	C	-0.0%
	CC	C	-0.0%
	IRDM	C	-0.0%
	NFE	D	-0.0%
	MSGS	B	-0.0%
	SPR	D	-0.0%
	WU	D	-0.0%
	SAM	C	-0.0%
	FWONA	A	-0.0%
	UI	A	-0.0%
	CAR	C	-0.0%
	LOAR	B	-0.0%
	TXG	F	-0.0%
	YETI	C	-0.0%

GUSA: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Business Services Asset Management Software - Infrastructure Oil & Gas E&P Utilities - Regulated Electric Diagnostics & Research Specialty Retail Semiconductors Capital Markets Insurance - Property & Casualty Packaged Foods Information Technology Services Aerospace & Defense Building Materials Packaging & Containers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Banking Chemical Aerospace Bank Electricity Medicine Real Estate Investment Trust Mining Semiconductor Telecommunications Dow Jones Component Biotechnology Insurance Products Transport

IWF: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Restaurants Capital Markets Building Materials Semiconductors Aerospace & Defense Asset Management Diagnostics & Research Semiconductor Equipment & Materials Diversified Industrials Leisure Credit Services Household & Personal Products Internet Content & Information Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Semiconductor Cloud Infrastructure Electronics Mobile Devices Natural Gas Telecommunications Integrated Circuits Operating System Retailing