GUSA vs. IWP ETF Comparison

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

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

$51.97

Average Daily Volume

6,962

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of 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 Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	IWP
30 Days	3.03%	12.16%
60 Days	5.42%	14.69%
90 Days	7.24%	17.57%
12 Months	33.55%	40.60%

256 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in IWP	Overlap
	AAL	B	0.02%	0.02%	0.02%
	AAON	B	0.01%	0.3%	0.01%
	AJG	B	0.11%	0.14%	0.11%
	ALGN	D	0.03%	0.32%	0.03%
	ALL	A	0.09%	0.26%	0.09%
	ALLY	C	0.02%	0.04%	0.02%
	ALNY	D	0.05%	0.86%	0.05%
	AM	A	0.01%	0.06%	0.01%
	AMP	A	0.1%	1.68%	0.1%
	APP	B	0.13%	2.49%	0.13%
	APPF	B	0.01%	0.17%	0.01%
	ARES	A	0.06%	1.0%	0.06%
	AVY	D	0.03%	0.2%	0.03%
	AXON	A	0.08%	1.41%	0.08%
	AZEK	A	0.01%	0.15%	0.01%
	BAH	F	0.03%	0.62%	0.03%
	BFAM	D	0.01%	0.03%	0.01%
	BILL	A	0.02%	0.07%	0.02%
	BLD	D	0.02%	0.03%	0.02%
	BLDR	D	0.04%	0.06%	0.04%
	BPOP	B	0.01%	0.02%	0.01%
	BR	A	0.05%	0.8%	0.05%
	BRKR	D	0.01%	0.12%	0.01%
	BRO	B	0.05%	0.38%	0.05%
	BROS	B	0.01%	0.07%	0.01%
	BSY	D	0.01%	0.21%	0.01%
	BURL	A	0.03%	0.56%	0.03%
	BWXT	B	0.02%	0.08%	0.02%
	CACC	D	0.01%	0.07%	0.01%
	CAH	B	0.05%	0.56%	0.05%
	CASY	A	0.03%	0.08%	0.03%
	CDW	F	0.04%	0.39%	0.04%
	CE	F	0.01%	0.07%	0.01%
	CELH	F	0.01%	0.15%	0.01%
	CFLT	B	0.01%	0.22%	0.01%
	CGNX	C	0.01%	0.01%	0.01%
	CHDN	B	0.02%	0.32%	0.02%
	CHE	D	0.01%	0.03%	0.01%
	CHH	A	0.01%	0.11%	0.01%
	CIVI	D	0.01%	0.05%	0.01%
	CLF	F	0.01%	0.06%	0.01%
	CLX	B	0.04%	0.68%	0.04%
	CNM	D	0.01%	0.17%	0.01%
	COIN	C	0.12%	1.65%	0.12%
	COR	B	0.08%	1.3%	0.08%
	CPAY	A	0.05%	0.81%	0.05%
	CPNG	D	0.05%	0.93%	0.05%
	CROX	D	0.01%	0.03%	0.01%
	CSL	C	0.04%	0.09%	0.04%
	CVNA	B	0.05%	0.3%	0.05%
	DAY	B	0.02%	0.04%	0.02%
	DBX	B	0.01%	0.06%	0.01%
	DDOG	A	0.07%	1.23%	0.07%
	DECK	A	0.05%	0.87%	0.05%
	DJT	C	0.0%	0.03%	0.0%
	DKNG	B	0.04%	0.59%	0.04%
	DKS	C	0.02%	0.03%	0.02%
	DOCS	C	0.01%	0.01%	0.01%
	DOCU	A	0.03%	0.52%	0.03%
	DPZ	C	0.03%	0.17%	0.03%
	DRI	B	0.03%	0.34%	0.03%
	DT	C	0.03%	0.5%	0.03%
	DUOL	A	0.02%	0.37%	0.02%
	DVA	B	0.01%	0.26%	0.01%
	DXCM	D	0.05%	0.99%	0.05%
	EFX	F	0.05%	0.2%	0.05%
	EG	C	0.02%	0.09%	0.02%
	ELF	C	0.01%	0.21%	0.01%
	EME	C	0.04%	0.3%	0.04%
	ENPH	F	0.01%	0.26%	0.01%
	ENTG	D	0.03%	0.48%	0.03%
	EPAM	C	0.02%	0.03%	0.02%
	EQH	B	0.03%	0.41%	0.03%
	EQT	B	0.05%	0.05%	0.05%
	ESTC	C	0.01%	0.23%	0.01%
	ETSY	D	0.01%	0.12%	0.01%
	EXAS	D	0.02%	0.12%	0.02%
	EXEL	B	0.02%	0.27%	0.02%
	EXP	A	0.02%	0.25%	0.02%
	EXPD	D	0.03%	0.09%	0.03%
	EXPE	B	0.04%	0.75%	0.04%
	FAST	B	0.09%	1.29%	0.09%
	FDS	B	0.03%	0.21%	0.03%
	FICO	B	0.1%	1.48%	0.1%
	FIVE	F	0.01%	0.12%	0.01%
	FIX	A	0.03%	0.51%	0.03%
	FND	C	0.02%	0.13%	0.02%
	FOUR	B	0.01%	0.19%	0.01%
	GDDY	A	0.05%	0.84%	0.05%
	GEHC	F	0.06%	0.11%	0.06%
	GLOB	B	0.02%	0.21%	0.02%
	GNRC	B	0.02%	0.17%	0.02%
	GTLB	B	0.01%	0.23%	0.01%
	GWRE	A	0.03%	0.23%	0.03%
	GWW	B	0.09%	1.45%	0.09%
	H	B	0.01%	0.03%	0.01%
	HAS	D	0.01%	0.25%	0.01%
	HCP	B	0.01%	0.12%	0.01%
	HEI	B	0.03%	0.39%	0.03%
	HEI	B	0.02%	0.55%	0.02%
	HEI	B	0.03%	0.55%	0.03%
	HEI	B	0.02%	0.39%	0.02%
	HES	B	0.07%	0.86%	0.07%
	HLI	B	0.02%	0.03%	0.02%
	HLT	A	0.11%	1.02%	0.11%
	HPQ	B	0.06%	0.28%	0.06%
	HRB	D	0.01%	0.05%	0.01%
	HSY	F	0.05%	0.11%	0.05%
	HUBS	A	0.06%	1.08%	0.06%
	HWM	A	0.09%	0.09%	0.09%
	IDXX	F	0.06%	1.13%	0.06%
	INCY	C	0.02%	0.02%	0.02%
	INSP	D	0.01%	0.17%	0.01%
	IONS	F	0.01%	0.16%	0.01%
	IQV	D	0.06%	0.13%	0.06%
	IRM	D	0.06%	0.62%	0.06%
	IT	C	0.07%	1.29%	0.07%
	ITCI	C	0.01%	0.28%	0.01%
	JBL	B	0.03%	0.04%	0.03%
	JEF	A	0.02%	0.12%	0.02%
	JLL	D	0.02%	0.13%	0.02%
	KBR	F	0.01%	0.02%	0.01%
	KMX	B	0.02%	0.03%	0.02%
	KNSL	B	0.02%	0.33%	0.02%
	LAMR	D	0.02%	0.09%	0.02%
	LBRDA	C	0.0%	0.01%	0.0%
	LBRDK	C	0.02%	0.08%	0.02%
	LECO	B	0.02%	0.1%	0.02%
	LII	A	0.04%	0.64%	0.04%
	LNG	B	0.09%	0.81%	0.09%
	LNW	D	0.01%	0.27%	0.01%
	LPLA	A	0.04%	0.76%	0.04%
	LPX	B	0.01%	0.16%	0.01%
	LSCC	D	0.01%	0.19%	0.01%
	LVS	C	0.03%	0.55%	0.03%
	LW	C	0.02%	0.11%	0.02%
	LYFT	C	0.01%	0.15%	0.01%
	LYV	A	0.04%	0.67%	0.04%
	MANH	D	0.03%	0.54%	0.03%
	MASI	A	0.01%	0.12%	0.01%
	MDB	C	0.04%	0.64%	0.04%
	MEDP	D	0.01%	0.26%	0.01%
	MKL	A	0.04%	0.17%	0.04%
	MKSI	C	0.01%	0.01%	0.01%
	MLM	B	0.07%	0.07%	0.07%
	MOH	F	0.03%	0.35%	0.03%
	MORN	B	0.02%	0.29%	0.02%
	MPWR	F	0.05%	0.88%	0.05%
	MSCI	C	0.08%	0.86%	0.08%
	MSTR	C	0.14%	0.11%	0.11%
	MTDR	B	0.01%	0.02%	0.01%
	MTN	C	0.01%	0.18%	0.01%
	MUSA	A	0.02%	0.32%	0.02%
	NBIX	C	0.02%	0.38%	0.02%
	NCLH	B	0.02%	0.37%	0.02%
	NET	B	0.05%	0.88%	0.05%
	NRG	B	0.04%	0.26%	0.04%
	NTAP	C	0.05%	0.35%	0.05%
	NTNX	A	0.03%	0.16%	0.03%
	NTRA	B	0.03%	0.54%	0.03%
	NXST	C	0.01%	0.06%	0.01%
	ODFL	B	0.07%	1.38%	0.07%
	OKTA	C	0.02%	0.17%	0.02%
	OLED	D	0.01%	0.13%	0.01%
	ONTO	D	0.01%	0.07%	0.01%
	OWL	A	0.02%	0.37%	0.02%
	PATH	C	0.01%	0.15%	0.01%
	PAYC	B	0.02%	0.23%	0.02%
	PAYX	C	0.08%	0.54%	0.08%
	PCOR	B	0.01%	0.24%	0.01%
	PCTY	B	0.02%	0.28%	0.02%
	PEN	B	0.02%	0.29%	0.02%
	PFGC	B	0.02%	0.06%	0.02%
	PINS	D	0.03%	0.55%	0.03%
	PLNT	A	0.02%	0.15%	0.02%
	PLTR	B	0.23%	4.32%	0.23%
	PODD	C	0.03%	0.59%	0.03%
	POOL	C	0.03%	0.44%	0.03%
	PPC	C	0.0%	0.01%	0.0%
	PR	B	0.02%	0.07%	0.02%
	PSTG	D	0.03%	0.42%	0.03%
	PTC	A	0.04%	0.45%	0.04%
	PWR	A	0.09%	0.47%	0.09%
	RBLX	C	0.05%	0.85%	0.05%
	RCL	A	0.1%	0.62%	0.1%
	RGEN	D	0.01%	0.03%	0.01%
	RH	B	0.01%	0.03%	0.01%
	RLI	B	0.01%	0.01%	0.01%
	RMD	C	0.06%	0.3%	0.06%
	ROK	B	0.06%	0.1%	0.06%
	ROKU	D	0.02%	0.04%	0.02%
	ROL	B	0.03%	0.45%	0.03%
	ROST	C	0.08%	0.35%	0.08%
	RPM	A	0.03%	0.13%	0.03%
	RYAN	B	0.01%	0.24%	0.01%
	S	B	0.01%	0.04%	0.01%
	SAIA	B	0.03%	0.26%	0.03%
	SEE	C	0.01%	0.01%	0.01%
	SITE	D	0.01%	0.08%	0.01%
	SKX	D	0.02%	0.02%	0.02%
	SMAR	A	0.01%	0.24%	0.01%
	SMCI	F	0.03%	0.3%	0.03%
	SN	D	0.01%	0.04%	0.01%
	SOFI	A	0.02%	0.07%	0.02%
	SPG	B	0.11%	0.49%	0.11%
	SQ	B	0.09%	0.64%	0.09%
	SRPT	D	0.02%	0.31%	0.02%
	SSD	D	0.01%	0.02%	0.01%
	SYY	B	0.07%	0.76%	0.07%
	TER	D	0.03%	0.48%	0.03%
	TKO	B	0.02%	0.04%	0.02%
	TOST	B	0.03%	0.59%	0.03%
	TPG	A	0.01%	0.04%	0.01%
	TPL	A	0.06%	0.83%	0.06%
	TPX	B	0.02%	0.3%	0.02%
	TREX	C	0.01%	0.24%	0.01%
	TRGP	B	0.08%	1.4%	0.08%
	TRU	D	0.03%	0.03%	0.03%
	TSCO	D	0.05%	0.97%	0.05%
	TTD	B	0.1%	1.7%	0.1%
	TTEK	F	0.02%	0.08%	0.02%
	TW	A	0.03%	0.19%	0.03%
	TWLO	A	0.03%	0.11%	0.03%
	TXRH	C	0.02%	0.43%	0.02%
	TYL	B	0.05%	0.7%	0.05%
	U	C	0.01%	0.08%	0.01%
	UHAL	D	0.0%	0.01%	0.0%
	UHAL	D	0.0%	0.09%	0.0%
	UHAL	D	0.01%	0.09%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	ULTA	F	0.03%	0.49%	0.03%
	URI	B	0.1%	0.44%	0.1%
	UWMC	D	0.0%	0.01%	0.0%
	VEEV	C	0.06%	1.03%	0.06%
	VKTX	F	0.01%	0.17%	0.01%
	VLTO	D	0.04%	0.37%	0.04%
	VMC	B	0.07%	0.31%	0.07%
	VRSK	A	0.07%	1.3%	0.07%
	VRSN	F	0.03%	0.03%	0.03%
	VRT	B	0.09%	1.41%	0.09%
	VST	B	0.1%	1.6%	0.1%
	VVV	F	0.01%	0.18%	0.01%
	WAT	B	0.04%	0.42%	0.04%
	WEX	D	0.01%	0.02%	0.01%
	WFRD	D	0.01%	0.19%	0.01%
	WH	B	0.01%	0.02%	0.01%
	WING	D	0.02%	0.3%	0.02%
	WMS	D	0.02%	0.11%	0.02%
	WSC	D	0.01%	0.06%	0.01%
	WSM	B	0.03%	0.32%	0.03%
	WST	C	0.04%	0.45%	0.04%
	WYNN	D	0.02%	0.02%	0.02%
	XPO	B	0.03%	0.55%	0.03%
	YUM	B	0.07%	0.47%	0.07%
	ZBRA	B	0.04%	0.14%	0.04%
	ZS	C	0.03%	0.6%	0.03%

GUSA Overweight 723 Positions Relative to IWP

	Symbol	Grade	Weight
	NVDA	C	6.32%
	AAPL	C	6.17%
	MSFT	F	5.59%
	AMZN	C	3.5%
	META	D	2.23%
	GOOGL	C	1.9%
	TSLA	B	1.76%
	GOOG	C	1.71%
	AVGO	D	1.38%
	JPM	A	1.26%
	BRK.A	B	1.13%
	LLY	F	1.13%
	UNH	C	0.97%
	XOM	B	0.96%
	V	A	0.95%
	MA	C	0.78%
	COST	B	0.75%
	HD	A	0.74%
	PG	A	0.73%
	WMT	A	0.69%
	NFLX	A	0.67%
	JNJ	D	0.67%
	BAC	A	0.57%
	ORCL	B	0.56%
	CRM	B	0.55%
	ABBV	D	0.54%
	CVX	A	0.5%
	WFC	A	0.46%
	MRK	F	0.45%
	KO	D	0.44%
	CSCO	B	0.42%
	AMD	F	0.41%
	ADBE	C	0.4%
	ACN	C	0.4%
	LIN	D	0.39%
	PEP	F	0.39%
	MCD	D	0.38%
	NOW	A	0.38%
	PM	B	0.37%
	ABT	B	0.37%
	DIS	B	0.37%
	ISRG	A	0.35%
	GE	D	0.35%
	IBM	C	0.35%
	TMO	F	0.35%
	CAT	B	0.34%
	GS	A	0.33%
	TXN	C	0.33%
	QCOM	F	0.33%
	INTU	C	0.32%
	VZ	C	0.32%
	CMCSA	B	0.3%
	T	A	0.3%
	MS	A	0.3%
	BKNG	A	0.3%
	SPGI	C	0.29%
	RTX	C	0.29%
	NEE	D	0.29%
	AXP	A	0.29%
	BLK	C	0.28%
	LOW	D	0.27%
	HON	B	0.27%
	DHR	F	0.27%
	PGR	A	0.27%
	AMGN	D	0.27%
	UBER	D	0.26%
	UNP	C	0.26%
	PFE	D	0.26%
	ETN	A	0.26%
	TJX	A	0.25%
	AMAT	F	0.25%
	COP	C	0.24%
	BX	A	0.24%
	BSX	B	0.24%
	SYK	C	0.23%
	PANW	C	0.23%
	C	A	0.23%
	LMT	D	0.23%
	BMY	B	0.22%
	SCHW	B	0.22%
	ADP	B	0.22%
	FI	A	0.22%
	TMUS	B	0.21%
	CB	C	0.21%
	VRTX	F	0.21%
	MU	D	0.2%
	MMC	B	0.2%
	MDT	D	0.2%
	GILD	C	0.2%
	SBUX	A	0.2%
	KKR	A	0.19%
	INTC	D	0.19%
	ADI	D	0.19%
	PLD	D	0.19%
	SO	D	0.18%
	UPS	C	0.18%
	DE	A	0.18%
	LRCX	F	0.17%
	ANET	C	0.17%
	ELV	F	0.17%
	TT	A	0.17%
	GEV	B	0.17%
	AMT	D	0.17%
	MO	A	0.17%
	MDLZ	F	0.16%
	BA	F	0.16%
	PYPL	B	0.16%
	EQIX	A	0.16%
	SHW	A	0.16%
	NKE	D	0.16%
	DUK	C	0.16%
	WM	A	0.16%
	PH	A	0.16%
	CI	F	0.16%
	MELI	D	0.16%
	ICE	C	0.16%
	ZTS	D	0.15%
	MCK	B	0.15%
	CMG	B	0.15%
	CRWD	B	0.15%
	MSI	B	0.15%
	PNC	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	KLAC	D	0.15%
	CME	A	0.15%
	WELL	A	0.15%
	APH	A	0.15%
	EMR	A	0.14%
	AON	A	0.14%
	CTAS	B	0.14%
	USB	A	0.14%
	CL	D	0.14%
	EOG	A	0.14%
	MRVL	B	0.14%
	REGN	F	0.14%
	ITW	B	0.14%
	APO	B	0.13%
	TDG	D	0.13%
	ORLY	B	0.13%
	CVS	D	0.13%
	MMM	D	0.13%
	WMB	A	0.13%
	NOC	D	0.13%
	TGT	F	0.13%
	APD	A	0.13%
	CEG	D	0.13%
	MCO	B	0.13%
	FCX	D	0.12%
	GD	F	0.12%
	BDX	F	0.12%
	ADSK	A	0.12%
	FDX	B	0.12%
	OKE	A	0.12%
	SPOT	B	0.12%
	MAR	B	0.12%
	CSX	B	0.12%
	COF	B	0.12%
	NSC	B	0.11%
	ROP	B	0.11%
	TRV	B	0.11%
	SRE	A	0.11%
	SLB	C	0.11%
	DLR	B	0.11%
	ECL	D	0.11%
	GM	B	0.11%
	TFC	A	0.11%
	HCA	F	0.11%
	CARR	D	0.11%
	PSA	D	0.1%
	AZO	C	0.1%
	MPC	D	0.1%
	WDAY	B	0.1%
	PSX	C	0.1%
	KMI	A	0.1%
	JCI	C	0.1%
	ABNB	C	0.1%
	FTNT	C	0.1%
	AFL	B	0.1%
	DASH	A	0.1%
	BK	A	0.1%
	PCAR	B	0.1%
	DHI	D	0.09%
	FLUT	A	0.09%
	FIS	C	0.09%
	CPRT	A	0.09%
	AIG	B	0.09%
	D	C	0.09%
	MET	A	0.09%
	NEM	D	0.09%
	CMI	A	0.09%
	O	D	0.09%
	AEP	D	0.09%
	IR	B	0.08%
	SNOW	C	0.08%
	DAL	C	0.08%
	EW	C	0.08%
	BKR	B	0.08%
	F	C	0.08%
	DFS	B	0.08%
	RSG	A	0.08%
	PRU	A	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	PEG	A	0.08%
	KVUE	A	0.08%
	CCI	D	0.08%
	KMB	D	0.08%
	VLO	C	0.08%
	LHX	C	0.08%
	A	D	0.07%
	CHTR	C	0.07%
	GLW	B	0.07%
	MNST	C	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	XEL	A	0.07%
	TEAM	A	0.07%
	KR	B	0.07%
	EXC	C	0.07%
	LEN	D	0.07%
	EA	A	0.07%
	OTIS	C	0.07%
	CTVA	C	0.07%
	CBRE	B	0.07%
	DELL	C	0.07%
	RJF	A	0.06%
	TTWO	A	0.06%
	CNC	D	0.06%
	DOW	F	0.06%
	DD	D	0.06%
	UAL	A	0.06%
	FITB	A	0.06%
	WEC	A	0.06%
	WTW	B	0.06%
	ETR	B	0.06%
	GRMN	B	0.06%
	FANG	D	0.06%
	LULU	C	0.06%
	AVB	B	0.06%
	NDAQ	A	0.06%
	EIX	B	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	D	0.06%
	ACGL	D	0.06%
	NUE	C	0.06%
	EXR	D	0.06%
	GIS	D	0.06%
	OXY	D	0.06%
	MTB	A	0.06%
	DTE	C	0.05%
	ADM	D	0.05%
	SYF	B	0.05%
	PPL	B	0.05%
	EQR	B	0.05%
	CCL	B	0.05%
	FCNCA	A	0.05%
	HBAN	A	0.05%
	TROW	B	0.05%
	NVR	D	0.05%
	VTR	C	0.05%
	FTV	C	0.05%
	KEYS	A	0.05%
	PHM	D	0.05%
	HAL	C	0.05%
	AWK	D	0.05%
	SW	A	0.05%
	CHD	B	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	PPG	F	0.05%
	STT	A	0.05%
	ON	D	0.05%
	GPN	B	0.05%
	XYL	D	0.05%
	CSGP	D	0.05%
	ANSS	B	0.05%
	EBAY	D	0.05%
	STX	D	0.04%
	IBKR	A	0.04%
	ESS	B	0.04%
	LUV	C	0.04%
	INVH	D	0.04%
	PFG	D	0.04%
	LH	C	0.04%
	IP	B	0.04%
	ZM	B	0.04%
	CNP	B	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	C	0.04%
	PKG	A	0.04%
	WBD	C	0.04%
	ES	D	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	ILMN	D	0.04%
	WDC	D	0.04%
	ATO	A	0.04%
	WY	D	0.04%
	BIIB	F	0.04%
	ZBH	C	0.04%
	IFF	D	0.04%
	FE	C	0.04%
	CINF	A	0.04%
	SBAC	D	0.04%
	DVN	F	0.04%
	KHC	F	0.04%
	RF	A	0.04%
	AEE	A	0.04%
	HUBB	B	0.04%
	MTD	D	0.04%
	RVTY	F	0.03%
	NDSN	B	0.03%
	APTV	D	0.03%
	UDR	B	0.03%
	EL	F	0.03%
	FFIV	B	0.03%
	CW	B	0.03%
	AMCR	D	0.03%
	SFM	A	0.03%
	JBHT	C	0.03%
	EWBC	A	0.03%
	ACM	A	0.03%
	AFRM	B	0.03%
	EVRG	A	0.03%
	FLEX	A	0.03%
	UTHR	C	0.03%
	DOC	D	0.03%
	GGG	B	0.03%
	USFD	A	0.03%
	RGA	A	0.03%
	TOL	B	0.03%
	TXT	D	0.03%
	L	A	0.03%
	VTRS	A	0.03%
	CF	B	0.03%
	SSNC	B	0.03%
	SUI	D	0.03%
	GEN	B	0.03%
	LNT	A	0.03%
	FNF	B	0.03%
	MRO	B	0.03%
	ARE	D	0.03%
	MAS	D	0.03%
	J	F	0.03%
	GPC	D	0.03%
	BBY	D	0.03%
	KIM	A	0.03%
	BAX	D	0.03%
	NI	A	0.03%
	OC	A	0.03%
	DG	F	0.03%
	RS	B	0.03%
	TRMB	B	0.03%
	IEX	B	0.03%
	PNR	A	0.03%
	HOOD	B	0.03%
	TSN	B	0.03%
	YUMC	C	0.03%
	DGX	A	0.03%
	BALL	D	0.03%
	KEY	B	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	F	0.02%
	RRC	B	0.02%
	CPB	D	0.02%
	GPK	C	0.02%
	FRT	B	0.02%
	TTC	D	0.02%
	AOS	F	0.02%
	SNX	C	0.02%
	RBC	A	0.02%
	CNH	C	0.02%
	CBSH	A	0.02%
	CR	A	0.02%
	HQY	B	0.02%
	MGM	D	0.02%
	AXTA	A	0.02%
	ZION	B	0.02%
	HRL	D	0.02%
	RVMD	C	0.02%
	HSIC	B	0.02%
	OGE	B	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	A	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	B	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	A	0.02%
	ARMK	B	0.02%
	CIEN	B	0.02%
	WAL	B	0.02%
	AYI	B	0.02%
	LAD	A	0.02%
	AES	F	0.02%
	GL	B	0.02%
	RGLD	C	0.02%
	EHC	B	0.02%
	RPRX	D	0.02%
	CACI	D	0.02%
	OHI	C	0.02%
	AFG	A	0.02%
	MKTX	D	0.02%
	PRI	A	0.02%
	RDDT	B	0.02%
	FOXA	B	0.02%
	ALSN	B	0.02%
	DTM	B	0.02%
	PCVX	D	0.02%
	WBS	A	0.02%
	MLI	C	0.02%
	AIT	A	0.02%
	TAP	C	0.02%
	WWD	B	0.02%
	IOT	A	0.02%
	PNW	B	0.02%
	TECH	D	0.02%
	ERIE	D	0.02%
	IPG	D	0.02%
	FHN	A	0.02%
	GME	C	0.02%
	CTLT	B	0.02%
	WTRG	B	0.02%
	EVR	B	0.02%
	CCK	C	0.02%
	OVV	B	0.02%
	SNAP	C	0.02%
	ATR	B	0.02%
	CUBE	D	0.02%
	NWSA	B	0.02%
	UHS	D	0.02%
	CG	A	0.02%
	JNPR	F	0.02%
	SF	B	0.02%
	BJ	A	0.02%
	AIZ	A	0.02%
	RRX	B	0.02%
	BXP	D	0.02%
	BMRN	D	0.02%
	AA	B	0.02%
	Z	A	0.02%
	SJM	D	0.02%
	INSM	C	0.02%
	SCI	B	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	D	0.02%
	BG	F	0.02%
	CHRW	C	0.02%
	ELS	C	0.02%
	CAG	D	0.02%
	TPR	B	0.02%
	CPT	B	0.02%
	AVTR	F	0.02%
	DLTR	F	0.02%
	AKAM	D	0.02%
	COHR	B	0.02%
	GLPI	C	0.02%
	SWK	D	0.02%
	UNM	A	0.02%
	THC	D	0.02%
	SWKS	F	0.02%
	RNR	C	0.02%
	ADTN	A	0.01%
	AMKR	D	0.01%
	TNET	D	0.01%
	HESM	B	0.01%
	SATS	D	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	NSA	D	0.01%
	CRVL	A	0.01%
	HUN	F	0.01%
	NUVL	D	0.01%
	NWS	B	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	A	0.01%
	ACHC	F	0.01%
	IAC	D	0.01%
	DDS	B	0.01%
	LANC	C	0.01%
	PII	D	0.01%
	MDU	D	0.01%
	MSM	C	0.01%
	ASGN	F	0.01%
	RYN	D	0.01%
	OPCH	D	0.01%
	M	D	0.01%
	OGN	D	0.01%
	W	F	0.01%
	ASH	D	0.01%
	ZETA	D	0.01%
	ENLC	A	0.01%
	HOG	D	0.01%
	XRAY	F	0.01%
	SIG	B	0.01%
	STEP	B	0.01%
	FLO	D	0.01%
	ROIV	C	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	C	0.01%
	SLGN	A	0.01%
	PSN	D	0.01%
	CHWY	B	0.01%
	SWX	B	0.01%
	KRC	C	0.01%
	MGY	A	0.01%
	BYD	C	0.01%
	TENB	C	0.01%
	MUR	D	0.01%
	ST	F	0.01%
	EXPO	D	0.01%
	TKR	D	0.01%
	SON	D	0.01%
	MMS	F	0.01%
	OLN	D	0.01%
	HXL	D	0.01%
	IBP	D	0.01%
	FFIN	B	0.01%
	AL	B	0.01%
	ABG	B	0.01%
	SM	B	0.01%
	UGI	A	0.01%
	QLYS	C	0.01%
	OZK	B	0.01%
	GATX	A	0.01%
	POST	C	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	LEA	D	0.01%
	AMG	B	0.01%
	LNTH	D	0.01%
	CRUS	D	0.01%
	UBSI	B	0.01%
	SIRI	C	0.01%
	NFG	A	0.01%
	THO	B	0.01%
	EDR	A	0.01%
	PVH	C	0.01%
	FOX	A	0.01%
	HALO	F	0.01%
	IVZ	B	0.01%
	RMBS	C	0.01%
	WTS	B	0.01%
	VNT	B	0.01%
	JHG	A	0.01%
	SUM	B	0.01%
	AGCO	D	0.01%
	LNC	B	0.01%
	AUR	C	0.01%
	THG	A	0.01%
	ALTR	B	0.01%
	ESNT	D	0.01%
	SAIC	F	0.01%
	CHX	C	0.01%
	STWD	C	0.01%
	SIGI	C	0.01%
	BPMC	C	0.01%
	LFUS	F	0.01%
	IDA	A	0.01%
	NOVT	D	0.01%
	WHR	B	0.01%
	WBA	F	0.01%
	PARA	C	0.01%
	ESI	A	0.01%
	ARW	D	0.01%
	GBCI	B	0.01%
	BBWI	D	0.01%
	MSA	D	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	COLD	D	0.01%
	NOV	C	0.01%
	COKE	C	0.01%
	VNO	B	0.01%
	DINO	D	0.01%
	MTH	D	0.01%
	OMF	A	0.01%
	BIO	D	0.01%
	LSTR	D	0.01%
	SPSC	C	0.01%
	FYBR	D	0.01%
	ONB	B	0.01%
	STAG	F	0.01%
	ELAN	D	0.01%
	RHP	B	0.01%
	FAF	A	0.01%
	DAR	C	0.01%
	MOD	A	0.01%
	AXS	A	0.01%
	ALV	C	0.01%
	AGNC	D	0.01%
	HLNE	B	0.01%
	BEN	C	0.01%
	FCN	D	0.01%
	EXLS	B	0.01%
	ALK	C	0.01%
	GNTX	C	0.01%
	VMI	B	0.01%
	MTSI	B	0.01%
	ANF	C	0.01%
	RIVN	F	0.01%
	GXO	B	0.01%
	ESAB	B	0.01%
	CMC	B	0.01%
	TMHC	B	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	D	0.01%
	RHI	B	0.01%
	CRBG	B	0.01%
	CVLT	B	0.01%
	G	B	0.01%
	MIDD	C	0.01%
	JXN	C	0.01%
	PB	A	0.01%
	KEX	C	0.01%
	HII	D	0.01%
	UFPI	B	0.01%
	GKOS	B	0.01%
	BWA	D	0.01%
	BERY	B	0.01%
	ADC	B	0.01%
	CZR	F	0.01%
	VOYA	B	0.01%
	APA	D	0.01%
	SNV	B	0.01%
	ENSG	D	0.01%
	CHRD	D	0.01%
	FLS	B	0.01%
	SSB	B	0.01%
	NNN	D	0.01%
	SEIC	B	0.01%
	NYT	C	0.01%
	WTFC	A	0.01%
	ACI	C	0.01%
	BLCO	D	0.0%
	CWEN	C	0.0%
	CNA	B	0.0%
	LEN	D	0.0%
	BIRK	D	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	F	0.0%
	COTY	F	0.0%
	AGR	B	0.0%
	STNG	F	0.0%
	BOKF	B	0.0%

GUSA Underweight 34 Positions Relative to IWP

	Symbol	Grade	Weight
	CAVA	B	-0.35%
	FWONK	B	-0.2%
	LAZ	B	-0.18%
	PEGA	A	-0.13%
	RARE	D	-0.13%
	RNG	B	-0.1%
	FERG	B	-0.09%
	APLS	D	-0.09%
	FIVN	C	-0.09%
	TDC	D	-0.09%
	NCNO	B	-0.07%
	FRPT	B	-0.07%
	AWI	A	-0.07%
	VNOM	A	-0.05%
	LOPE	B	-0.05%
	WEN	D	-0.05%
	DV	C	-0.05%
	LOAR	A	-0.03%
	TXG	F	-0.03%
	YETI	C	-0.03%
	SPR	D	-0.02%
	SAM	C	-0.02%
	UI	A	-0.02%
	FWONA	B	-0.02%
	CAR	C	-0.02%
	FTRE	D	-0.01%
	CC	C	-0.01%
	NFE	D	-0.01%
	IRDM	D	-0.01%
	MSGS	A	-0.01%
	WU	D	-0.01%
	ALAB	B	-0.0%
	TRIP	F	-0.0%
	PYCR	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

IWP: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Building Materials Specialty Retail Diagnostics & Research Restaurants Leisure Capital Markets Aerospace & Defense Asset Management Engineering & Construction Industrial Distribution Oil & Gas E&P Semiconductor Equipment & Materials Diversified Industrials Information Technology Services Insurance - Property & Casualty Lodging

Keywords: S&P 500 Computing Nasdaq 100 Cloud Computing IBD 50 Insurance Medicine Natural Gas Software As A Service Building Materials Cloud Infrastructure Construction Software Biotechnology Transport Aerospace Biopharmaceutical Chemical Electronics Information Technology Management