GUSA vs. OPTZ ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Optimize Strategy Index ETF (OPTZ)

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

$50.91

Average Daily Volume

6,721

Number of Holdings ^*

974

* may have additional holdings in another (foreign) market

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$29.81

Average Daily Volume

6,545

Number of Holdings ^*

320

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	OPTZ
30 Days	1.08%	2.12%
60 Days	4.92%	7.25%
90 Days	6.89%	9.60%
12 Months	32.46%

226 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in OPTZ	Overlap
	AAPL	C	6.1%	1.04%	1.04%
	ACGL	C	0.07%	0.18%	0.07%
	ADBE	F	0.4%	0.11%	0.11%
	AES	F	0.02%	0.04%	0.02%
	AIT	A	0.02%	0.16%	0.02%
	AIZ	A	0.02%	0.21%	0.02%
	ALGN	D	0.03%	0.12%	0.03%
	ALL	A	0.09%	0.21%	0.09%
	ALV	C	0.01%	0.32%	0.01%
	AMAT	F	0.29%	1.1%	0.29%
	AMD	F	0.44%	1.1%	0.44%
	AMP	A	0.1%	0.24%	0.1%
	AMT	D	0.17%	0.07%	0.07%
	AMZN	B	3.57%	0.38%	0.38%
	ANET	C	0.19%	1.29%	0.19%
	ANF	C	0.01%	0.34%	0.01%
	AOS	F	0.02%	0.12%	0.02%
	APA	F	0.01%	0.05%	0.01%
	APD	A	0.12%	0.17%	0.12%
	APO	A	0.12%	0.29%	0.12%
	APP	A	0.1%	1.97%	0.1%
	APTV	F	0.03%	0.26%	0.03%
	ARES	B	0.06%	0.23%	0.06%
	ASH	F	0.01%	0.14%	0.01%
	ATO	A	0.04%	0.05%	0.04%
	AXON	A	0.06%	0.21%	0.06%
	AXP	A	0.29%	0.23%	0.23%
	BA	F	0.16%	0.12%	0.12%
	BAH	D	0.04%	1.22%	0.04%
	BAX	F	0.03%	0.12%	0.03%
	BG	D	0.02%	0.24%	0.02%
	BKR	A	0.08%	0.07%	0.07%
	BR	A	0.05%	0.21%	0.05%
	BRO	B	0.05%	0.21%	0.05%
	BURL	C	0.03%	0.32%	0.03%
	CAH	B	0.05%	0.14%	0.05%
	CAT	B	0.36%	0.14%	0.14%
	CB	C	0.2%	0.18%	0.18%
	CBOE	D	0.04%	0.18%	0.04%
	CBRE	B	0.07%	0.11%	0.07%
	CDNS	B	0.15%	1.22%	0.15%
	CE	F	0.02%	0.1%	0.02%
	CEG	D	0.14%	0.07%	0.07%
	CHD	A	0.05%	0.28%	0.05%
	CHDN	C	0.02%	0.33%	0.02%
	CINF	A	0.04%	0.22%	0.04%
	CL	D	0.13%	0.24%	0.13%
	CMCSA	B	0.31%	0.63%	0.31%
	CME	A	0.14%	0.19%	0.14%
	COIN	A	0.09%	0.36%	0.09%
	COR	B	0.08%	0.14%	0.08%
	COST	B	0.73%	0.3%	0.3%
	CPAY	A	0.04%	0.23%	0.04%
	CPT	D	0.02%	0.08%	0.02%
	CRM	A	0.52%	1.32%	0.52%
	CROX	F	0.01%	0.24%	0.01%
	CRS	A	0.02%	0.2%	0.02%
	CRUS	F	0.01%	0.8%	0.01%
	CRWD	B	0.14%	1.3%	0.14%
	CVNA	A	0.05%	0.55%	0.05%
	CVS	F	0.13%	0.27%	0.13%
	DAL	A	0.07%	0.18%	0.07%
	DECK	A	0.05%	0.38%	0.05%
	DELL	C	0.08%	1.28%	0.08%
	DGX	A	0.03%	0.14%	0.03%
	DIS	A	0.33%	0.64%	0.33%
	DJT	C	0.0%	1.03%	0.0%
	DKS	D	0.02%	0.29%	0.02%
	DLR	A	0.11%	0.11%	0.11%
	DOCU	A	0.03%	0.16%	0.03%
	DPZ	C	0.03%	0.35%	0.03%
	DTE	C	0.04%	0.05%	0.04%
	DTM	A	0.02%	0.07%	0.02%
	DUK	C	0.16%	0.05%	0.05%
	DVA	C	0.01%	0.13%	0.01%
	EA	A	0.07%	0.63%	0.07%
	ECL	D	0.11%	0.14%	0.11%
	EFX	F	0.06%	0.11%	0.06%
	EGP	D	0.02%	0.08%	0.02%
	EIX	C	0.06%	0.04%	0.04%
	ELS	B	0.02%	0.09%	0.02%
	EME	B	0.04%	0.18%	0.04%
	EMN	C	0.02%	0.15%	0.02%
	EQIX	B	0.15%	0.1%	0.1%
	ESTC	C	0.01%	0.14%	0.01%
	ETN	A	0.26%	0.15%	0.15%
	ETR	A	0.06%	0.06%	0.06%
	ETSY	D	0.01%	0.31%	0.01%
	EXP	B	0.02%	0.18%	0.02%
	FDX	A	0.12%	0.12%	0.12%
	FFIV	B	0.03%	1.23%	0.03%
	FI	A	0.22%	0.24%	0.22%
	FIVE	F	0.01%	0.33%	0.01%
	FIX	A	0.03%	0.18%	0.03%
	FSLR	F	0.04%	0.95%	0.04%
	FTI	A	0.02%	0.06%	0.02%
	GDDY	A	0.04%	1.2%	0.04%
	GL	B	0.02%	0.2%	0.02%
	GNRC	B	0.02%	0.17%	0.02%
	GPC	D	0.03%	0.28%	0.03%
	GPN	B	0.05%	0.2%	0.05%
	GRMN	B	0.06%	0.37%	0.06%
	GS	A	0.33%	0.24%	0.24%
	GTLS	A	0.01%	0.17%	0.01%
	HIG	C	0.06%	0.19%	0.06%
	HII	F	0.01%	0.09%	0.01%
	HON	A	0.26%	0.14%	0.14%
	HQY	A	0.01%	0.16%	0.01%
	HUBB	B	0.05%	0.15%	0.05%
	IBM	D	0.36%	1.04%	0.36%
	ICE	D	0.16%	0.19%	0.16%
	IDXX	F	0.06%	0.11%	0.06%
	INCY	B	0.02%	0.18%	0.02%
	INTC	C	0.2%	1.37%	0.2%
	IQV	F	0.07%	0.12%	0.07%
	ISRG	A	0.34%	0.15%	0.15%
	JAZZ	A	0.01%	0.15%	0.01%
	KKR	A	0.18%	0.25%	0.18%
	KNTK	A	0.0%	0.07%	0.0%
	LAMR	D	0.02%	0.09%	0.02%
	LEA	F	0.01%	0.27%	0.01%
	LECO	C	0.02%	0.14%	0.02%
	LIN	D	0.4%	0.14%	0.14%
	LNTH	F	0.01%	0.11%	0.01%
	LNW	D	0.01%	0.3%	0.01%
	LOW	A	0.27%	0.34%	0.27%
	LPX	A	0.01%	0.18%	0.01%
	LULU	C	0.06%	0.36%	0.06%
	LVS	C	0.03%	0.39%	0.03%
	MANH	D	0.03%	0.14%	0.03%
	MAR	A	0.12%	0.38%	0.12%
	MCD	D	0.38%	0.32%	0.32%
	MCO	C	0.13%	0.2%	0.13%
	MELI	D	0.15%	0.26%	0.15%
	META	C	2.33%	0.67%	0.67%
	MKTX	C	0.02%	0.2%	0.02%
	MLM	B	0.07%	0.17%	0.07%
	MOH	F	0.04%	0.13%	0.04%
	MSCI	A	0.08%	0.21%	0.08%
	MSI	A	0.14%	1.18%	0.14%
	NBIX	D	0.02%	0.14%	0.02%
	NCLH	B	0.02%	0.48%	0.02%
	NFLX	A	0.6%	0.68%	0.6%
	NOW	B	0.38%	1.24%	0.38%
	NRG	B	0.04%	0.06%	0.04%
	NVDA	B	6.36%	1.46%	1.46%
	OGN	F	0.01%	0.1%	0.01%
	ORLY	A	0.13%	0.34%	0.13%
	OSK	C	0.01%	0.13%	0.01%
	PAYC	B	0.02%	0.18%	0.02%
	PCAR	B	0.11%	0.15%	0.11%
	PCTY	B	0.02%	0.17%	0.02%
	PEN	B	0.02%	0.15%	0.02%
	PEP	F	0.41%	0.26%	0.26%
	PGR	B	0.27%	0.21%	0.21%
	PH	A	0.16%	0.15%	0.15%
	PNR	A	0.03%	0.15%	0.03%
	PODD	A	0.03%	0.15%	0.03%
	PRU	A	0.08%	0.21%	0.08%
	PVH	C	0.01%	0.34%	0.01%
	PWR	A	0.08%	0.16%	0.08%
	QLYS	C	0.01%	1.26%	0.01%
	RCL	A	0.09%	0.45%	0.09%
	REXR	F	0.02%	0.08%	0.02%
	RHP	B	0.01%	0.1%	0.01%
	RL	B	0.02%	0.4%	0.02%
	RNR	D	0.02%	0.2%	0.02%
	ROP	C	0.11%	1.01%	0.11%
	ROST	D	0.08%	0.28%	0.08%
	RPRX	F	0.02%	0.12%	0.02%
	RSG	B	0.08%	0.12%	0.08%
	SAIA	B	0.03%	0.16%	0.03%
	SBAC	D	0.04%	0.08%	0.04%
	SHW	B	0.16%	0.16%	0.16%
	SIG	B	0.01%	0.38%	0.01%
	SIGI	A	0.01%	0.21%	0.01%
	SLB	C	0.11%	0.06%	0.06%
	SNPS	C	0.16%	1.21%	0.16%
	SO	C	0.17%	0.05%	0.05%
	SPG	A	0.1%	0.1%	0.1%
	SPGI	C	0.28%	0.19%	0.19%
	SQ	A	0.08%	0.23%	0.08%
	SRPT	F	0.02%	0.12%	0.02%
	STE	D	0.04%	0.12%	0.04%
	STZ	D	0.07%	0.26%	0.07%
	SWX	A	0.01%	0.05%	0.01%
	SYK	A	0.21%	0.14%	0.14%
	T	A	0.29%	0.61%	0.29%
	TAP	A	0.02%	0.3%	0.02%
	TGT	D	0.13%	0.27%	0.13%
	THC	C	0.03%	0.14%	0.03%
	TMO	D	0.38%	0.12%	0.12%
	TMUS	A	0.2%	0.7%	0.2%
	TRGP	A	0.07%	0.07%	0.07%
	TROW	A	0.05%	0.23%	0.05%
	TRV	A	0.1%	0.22%	0.1%
	TSLA	B	1.5%	0.48%	0.48%
	TT	A	0.16%	0.15%	0.15%
	UHS	D	0.02%	0.11%	0.02%
	ULTA	D	0.03%	0.31%	0.03%
	UNH	B	1.01%	0.13%	0.13%
	URI	B	0.1%	0.15%	0.1%
	UTHR	B	0.03%	0.15%	0.03%
	V	A	0.93%	0.22%	0.22%
	VMC	B	0.07%	0.18%	0.07%
	VNO	B	0.01%	0.12%	0.01%
	VRSK	B	0.07%	0.13%	0.07%
	VRSN	D	0.03%	1.02%	0.03%
	VRT	A	0.08%	0.21%	0.08%
	VRTX	C	0.23%	0.14%	0.14%
	WAB	B	0.06%	0.15%	0.06%
	WBA	F	0.01%	0.28%	0.01%
	WDAY	B	0.1%	0.12%	0.1%
	WELL	A	0.15%	0.1%	0.1%
	WFRD	F	0.01%	0.05%	0.01%
	WHR	A	0.01%	0.35%	0.01%
	WMB	A	0.12%	0.07%	0.07%
	WST	C	0.04%	0.14%	0.04%
	WTW	B	0.06%	0.21%	0.06%
	WWD	B	0.02%	0.14%	0.02%
	WY	D	0.04%	0.09%	0.04%
	WYNN	D	0.01%	0.33%	0.01%
	XPO	B	0.03%	0.18%	0.03%
	XYL	D	0.05%	0.12%	0.05%
	ZBH	C	0.04%	0.13%	0.04%
	ZM	B	0.04%	0.69%	0.04%

GUSA Overweight 748 Positions Relative to OPTZ

	Symbol	Grade	Weight
	MSFT	D	5.65%
	GOOGL	B	1.92%
	GOOG	B	1.72%
	AVGO	C	1.52%
	LLY	F	1.23%
	JPM	A	1.22%
	BRK.A	A	1.1%
	XOM	B	0.98%
	MA	A	0.77%
	HD	A	0.72%
	PG	C	0.7%
	JNJ	D	0.68%
	WMT	A	0.66%
	ABBV	F	0.64%
	BAC	A	0.55%
	ORCL	A	0.55%
	CVX	A	0.48%
	MRK	F	0.46%
	KO	D	0.45%
	WFC	A	0.43%
	CSCO	B	0.42%
	ACN	C	0.41%
	TXN	C	0.36%
	ABT	B	0.36%
	PM	A	0.35%
	QCOM	F	0.35%
	GE	D	0.35%
	INTU	A	0.33%
	VZ	C	0.31%
	AMGN	D	0.31%
	BKNG	A	0.3%
	DHR	D	0.29%
	MS	A	0.29%
	RTX	D	0.29%
	NEE	C	0.28%
	PFE	F	0.28%
	UNP	D	0.27%
	UBER	C	0.27%
	COP	C	0.24%
	LMT	D	0.24%
	TJX	A	0.24%
	ADP	B	0.23%
	PANW	B	0.23%
	MU	D	0.23%
	C	A	0.23%
	BX	A	0.23%
	BSX	B	0.23%
	GILD	B	0.22%
	SCHW	A	0.2%
	MMC	C	0.2%
	PLTR	A	0.2%
	BMY	B	0.2%
	ADI	D	0.2%
	MDT	D	0.2%
	LRCX	F	0.19%
	DE	D	0.19%
	PLD	D	0.19%
	SBUX	A	0.19%
	UPS	C	0.18%
	ELV	F	0.18%
	MO	A	0.17%
	KLAC	F	0.17%
	GEV	A	0.17%
	REGN	F	0.16%
	MDLZ	F	0.16%
	APH	B	0.16%
	CI	D	0.16%
	WM	B	0.16%
	NKE	D	0.16%
	ITW	B	0.15%
	PNC	A	0.15%
	MRVL	B	0.15%
	PYPL	A	0.15%
	USB	B	0.14%
	CTAS	B	0.14%
	NOC	D	0.14%
	MCK	A	0.14%
	ZTS	D	0.14%
	CMG	B	0.14%
	GD	D	0.13%
	FCX	F	0.13%
	COF	A	0.13%
	EOG	A	0.13%
	EMR	A	0.13%
	MMM	D	0.13%
	TDG	D	0.13%
	AON	A	0.13%
	BDX	F	0.12%
	ADSK	B	0.12%
	HCA	D	0.12%
	CSX	B	0.12%
	TTD	B	0.11%
	HLT	A	0.11%
	OKE	A	0.11%
	NSC	B	0.11%
	TFC	A	0.11%
	GM	A	0.11%
	AJG	A	0.11%
	ABNB	C	0.11%
	CARR	D	0.11%
	GWW	A	0.1%
	PSX	C	0.1%
	AZO	C	0.1%
	AFL	C	0.1%
	JCI	A	0.1%
	DASH	B	0.1%
	SRE	A	0.1%
	SPOT	A	0.1%
	BK	A	0.1%
	FIS	B	0.09%
	PAYX	B	0.09%
	CPRT	A	0.09%
	D	C	0.09%
	FAST	B	0.09%
	MET	A	0.09%
	DHI	D	0.09%
	LHX	B	0.09%
	CMI	A	0.09%
	O	D	0.09%
	AIG	B	0.09%
	MSTR	B	0.09%
	AEP	C	0.09%
	MPC	D	0.09%
	KMI	A	0.09%
	FTNT	A	0.09%
	NEM	F	0.09%
	FICO	A	0.09%
	PSA	C	0.09%
	IR	A	0.08%
	ODFL	B	0.08%
	PEG	C	0.08%
	FLUT	A	0.08%
	F	C	0.08%
	PCG	A	0.08%
	VLO	C	0.08%
	AME	A	0.08%
	DFS	A	0.08%
	KVUE	A	0.08%
	KMB	C	0.08%
	LNG	A	0.08%
	HWM	A	0.08%
	CCI	D	0.08%
	VST	A	0.08%
	HPQ	B	0.07%
	OXY	F	0.07%
	GIS	D	0.07%
	RMD	C	0.07%
	MPWR	F	0.07%
	TEAM	A	0.07%
	XEL	A	0.07%
	CHTR	B	0.07%
	GLW	B	0.07%
	SYY	D	0.07%
	GEHC	D	0.07%
	MNST	D	0.07%
	EXC	C	0.07%
	NUE	D	0.07%
	YUM	D	0.07%
	DDOG	B	0.07%
	SNOW	C	0.07%
	MCHP	F	0.07%
	EW	C	0.07%
	KR	B	0.07%
	HES	B	0.07%
	A	D	0.07%
	LEN	D	0.07%
	CTSH	B	0.07%
	OTIS	D	0.07%
	IT	B	0.07%
	CTVA	D	0.07%
	EBAY	D	0.06%
	ON	F	0.06%
	TPL	A	0.06%
	ANSS	B	0.06%
	FITB	A	0.06%
	CSGP	F	0.06%
	TSCO	D	0.06%
	ROK	A	0.06%
	HUBS	A	0.06%
	VICI	C	0.06%
	NDAQ	A	0.06%
	FANG	D	0.06%
	AVB	A	0.06%
	DD	D	0.06%
	CNC	F	0.06%
	VEEV	C	0.06%
	ED	D	0.06%
	IRM	D	0.06%
	DOW	F	0.06%
	ALNY	D	0.06%
	EXR	C	0.06%
	MTB	A	0.06%
	HUM	F	0.06%
	KDP	D	0.06%
	ADM	D	0.05%
	ILMN	C	0.05%
	NTAP	D	0.05%
	FCNCA	A	0.05%
	BIIB	F	0.05%
	HBAN	A	0.05%
	KHC	F	0.05%
	HSY	F	0.05%
	SYF	A	0.05%
	TYL	B	0.05%
	AWK	C	0.05%
	HAL	C	0.05%
	LDOS	C	0.05%
	VTR	C	0.05%
	FTV	D	0.05%
	RBLX	B	0.05%
	NVR	D	0.05%
	DXCM	C	0.05%
	PHM	D	0.05%
	CDW	F	0.05%
	SW	A	0.05%
	CPNG	C	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	UAL	A	0.05%
	STT	A	0.05%
	NET	C	0.05%
	KEYS	C	0.05%
	RJF	A	0.05%
	PPG	F	0.05%
	TTWO	A	0.05%
	MTD	F	0.05%
	WEC	A	0.05%
	LII	B	0.04%
	CMS	C	0.04%
	PFG	C	0.04%
	DRI	B	0.04%
	CLX	A	0.04%
	IP	A	0.04%
	LH	B	0.04%
	PINS	F	0.04%
	OMC	C	0.04%
	ZBRA	B	0.04%
	STX	D	0.04%
	CFG	A	0.04%
	CSL	B	0.04%
	BLDR	D	0.04%
	MDB	C	0.04%
	TRU	D	0.04%
	NTRS	A	0.04%
	K	B	0.04%
	MKL	A	0.04%
	ES	C	0.04%
	WBD	B	0.04%
	PKG	B	0.04%
	STLD	B	0.04%
	EXPE	A	0.04%
	TDY	B	0.04%
	LYB	F	0.04%
	PTC	B	0.04%
	FE	C	0.04%
	AEE	A	0.04%
	LPLA	A	0.04%
	WAT	B	0.04%
	EQT	A	0.04%
	VLTO	D	0.04%
	IFF	D	0.04%
	RF	A	0.04%
	WDC	F	0.04%
	CCL	A	0.04%
	PPL	A	0.04%
	DVN	F	0.04%
	EQR	C	0.04%
	COHR	B	0.03%
	SFM	A	0.03%
	TWLO	A	0.03%
	EVRG	A	0.03%
	SWK	F	0.03%
	EWBC	A	0.03%
	EL	F	0.03%
	NDSN	B	0.03%
	POOL	D	0.03%
	LNT	A	0.03%
	DT	C	0.03%
	ROL	A	0.03%
	HOOD	A	0.03%
	CW	B	0.03%
	AMCR	C	0.03%
	RGA	A	0.03%
	SWKS	F	0.03%
	ACM	B	0.03%
	GGG	A	0.03%
	HEI	A	0.03%
	USFD	B	0.03%
	L	A	0.03%
	CF	A	0.03%
	GWRE	B	0.03%
	JBHT	B	0.03%
	TW	B	0.03%
	AVTR	F	0.03%
	CASY	B	0.03%
	JBL	C	0.03%
	EQH	B	0.03%
	NTRA	B	0.03%
	SUI	D	0.03%
	RVTY	D	0.03%
	TOL	B	0.03%
	FNF	C	0.03%
	VTRS	A	0.03%
	DOC	D	0.03%
	NI	A	0.03%
	AKAM	F	0.03%
	FLEX	B	0.03%
	GEN	B	0.03%
	MRO	A	0.03%
	WSM	F	0.03%
	SSNC	D	0.03%
	OC	A	0.03%
	ENTG	F	0.03%
	KIM	A	0.03%
	TSN	A	0.03%
	TXT	D	0.03%
	AVY	D	0.03%
	PSTG	F	0.03%
	MRNA	F	0.03%
	RPM	A	0.03%
	EXPD	D	0.03%
	DG	F	0.03%
	BBY	C	0.03%
	IBKR	A	0.03%
	NTNX	A	0.03%
	MAS	D	0.03%
	RS	B	0.03%
	TRMB	A	0.03%
	TER	F	0.03%
	IEX	B	0.03%
	CTRA	A	0.03%
	WRB	A	0.03%
	ARE	D	0.03%
	J	D	0.03%
	WSO	A	0.03%
	BALL	D	0.03%
	KEY	A	0.03%
	FDS	A	0.03%
	MAA	A	0.03%
	SNA	A	0.03%
	ZS	B	0.03%
	DKNG	B	0.03%
	LYV	A	0.03%
	HOLX	D	0.03%
	CNP	A	0.03%
	LUV	A	0.03%
	ESS	A	0.03%
	INVH	D	0.03%
	YUMC	B	0.03%
	MKC	D	0.03%
	CHRD	F	0.02%
	PLNT	A	0.02%
	HAS	D	0.02%
	TKO	C	0.02%
	MEDP	D	0.02%
	CR	A	0.02%
	PR	C	0.02%
	RBC	A	0.02%
	FRT	B	0.02%
	ZION	A	0.02%
	OGE	A	0.02%
	CZR	F	0.02%
	SKX	D	0.02%
	BRX	A	0.02%
	ONTO	F	0.02%
	ORI	A	0.02%
	NYT	D	0.02%
	GPK	D	0.02%
	CPB	D	0.02%
	MGM	D	0.02%
	BRBR	A	0.02%
	HRL	D	0.02%
	AXTA	A	0.02%
	HRB	D	0.02%
	AAL	B	0.02%
	TPX	A	0.02%
	MORN	B	0.02%
	ROKU	D	0.02%
	MTZ	B	0.02%
	EXEL	B	0.02%
	PNFP	A	0.02%
	CNH	D	0.02%
	CMA	A	0.02%
	TTC	D	0.02%
	GME	C	0.02%
	RVMD	B	0.02%
	KNX	B	0.02%
	MOS	D	0.02%
	GMED	A	0.02%
	KBR	D	0.02%
	SNX	D	0.02%
	ENPH	F	0.02%
	WCC	A	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	HLI	A	0.02%
	X	D	0.02%
	LKQ	D	0.02%
	FN	C	0.02%
	EXAS	F	0.02%
	MUSA	A	0.02%
	AFG	A	0.02%
	RDDT	B	0.02%
	QGEN	D	0.02%
	LAD	A	0.02%
	INGR	B	0.02%
	GLOB	C	0.02%
	ARMK	C	0.02%
	PRI	A	0.02%
	FBIN	D	0.02%
	RGLD	C	0.02%
	WBS	A	0.02%
	FOXA	A	0.02%
	WING	F	0.02%
	WAL	A	0.02%
	AYI	A	0.02%
	SCCO	F	0.02%
	FLR	B	0.02%
	KNSL	C	0.02%
	OHI	C	0.02%
	OVV	C	0.02%
	CIEN	B	0.02%
	PNW	A	0.02%
	IOT	B	0.02%
	ALSN	B	0.02%
	EHC	B	0.02%
	FHN	A	0.02%
	DOX	D	0.02%
	SOLV	C	0.02%
	ALLY	C	0.02%
	HEI	A	0.02%
	MLI	B	0.02%
	CRL	D	0.02%
	ERIE	F	0.02%
	FND	F	0.02%
	WMS	F	0.02%
	WTRG	C	0.02%
	CUBE	C	0.02%
	CTLT	C	0.02%
	EVR	A	0.02%
	LBRDK	B	0.02%
	AFRM	A	0.02%
	BLD	F	0.02%
	CCK	D	0.02%
	BWXT	A	0.02%
	SOFI	A	0.02%
	Z	A	0.02%
	NWSA	B	0.02%
	JEF	A	0.02%
	SF	A	0.02%
	INSM	D	0.02%
	IPG	F	0.02%
	CG	B	0.02%
	ATR	B	0.02%
	LW	C	0.02%
	DUOL	B	0.02%
	AA	A	0.02%
	BJ	B	0.02%
	KMX	B	0.02%
	ALB	C	0.02%
	EG	D	0.02%
	TPR	A	0.02%
	SCI	B	0.02%
	RRX	B	0.02%
	SJM	F	0.02%
	PCVX	D	0.02%
	BXP	D	0.02%
	REG	A	0.02%
	TECH	D	0.02%
	DAY	B	0.02%
	WPC	D	0.02%
	ITT	A	0.02%
	AMH	C	0.02%
	OKTA	D	0.02%
	HST	D	0.02%
	CACI	C	0.02%
	TOST	A	0.02%
	JNPR	D	0.02%
	BMRN	F	0.02%
	OWL	A	0.02%
	CHRW	A	0.02%
	ALLE	D	0.02%
	TTEK	D	0.02%
	JLL	C	0.02%
	EPAM	B	0.02%
	UNM	A	0.02%
	DLTR	F	0.02%
	SMCI	F	0.02%
	NVT	B	0.02%
	GLPI	D	0.02%
	TXRH	A	0.02%
	SNAP	D	0.02%
	PFGC	B	0.02%
	CLH	C	0.02%
	JKHY	D	0.02%
	UDR	C	0.02%
	CAG	F	0.02%
	BBIO	F	0.01%
	HESM	C	0.01%
	ADTN	A	0.01%
	CACC	D	0.01%
	TNET	F	0.01%
	COLM	B	0.01%
	PAG	A	0.01%
	AMKR	F	0.01%
	NSA	C	0.01%
	SATS	D	0.01%
	CRVL	B	0.01%
	NWS	A	0.01%
	ZG	A	0.01%
	DDS	B	0.01%
	NUVL	D	0.01%
	MDU	D	0.01%
	DNB	B	0.01%
	GFS	C	0.01%
	HUN	F	0.01%
	XRAY	F	0.01%
	W	F	0.01%
	PII	F	0.01%
	ACHC	F	0.01%
	IAC	D	0.01%
	ENLC	A	0.01%
	RYN	D	0.01%
	LANC	D	0.01%
	OPCH	F	0.01%
	MSM	C	0.01%
	HOG	D	0.01%
	STEP	A	0.01%
	M	C	0.01%
	CHH	A	0.01%
	FLO	D	0.01%
	WMG	B	0.01%
	CHWY	B	0.01%
	APPF	C	0.01%
	SLGN	B	0.01%
	ROIV	D	0.01%
	ASGN	D	0.01%
	GAP	C	0.01%
	AN	D	0.01%
	CIVI	F	0.01%
	EEFT	C	0.01%
	WLK	F	0.01%
	MGY	A	0.01%
	CELH	F	0.01%
	DLB	D	0.01%
	BYD	A	0.01%
	NSIT	F	0.01%
	SN	C	0.01%
	KRC	C	0.01%
	TENB	D	0.01%
	MUR	F	0.01%
	CNM	F	0.01%
	BROS	A	0.01%
	AL	A	0.01%
	RH	C	0.01%
	FFIN	A	0.01%
	SM	C	0.01%
	UGI	C	0.01%
	SON	D	0.01%
	TKR	F	0.01%
	PSN	C	0.01%
	ST	F	0.01%
	AUR	D	0.01%
	SEE	B	0.01%
	HCP	B	0.01%
	OZK	A	0.01%
	HXL	F	0.01%
	POST	D	0.01%
	OLN	F	0.01%
	IBP	F	0.01%
	AM	A	0.01%
	NFG	A	0.01%
	ABG	A	0.01%
	EXPO	D	0.01%
	PATH	D	0.01%
	GATX	A	0.01%
	AMG	A	0.01%
	DOCS	C	0.01%
	UBSI	A	0.01%
	IONS	F	0.01%
	FOX	A	0.01%
	MMS	D	0.01%
	TPG	B	0.01%
	FOUR	B	0.01%
	EDR	A	0.01%
	BC	D	0.01%
	BRKR	F	0.01%
	THG	A	0.01%
	THO	B	0.01%
	IDA	A	0.01%
	SIRI	C	0.01%
	WTS	A	0.01%
	VVV	B	0.01%
	CYTK	D	0.01%
	JHG	A	0.01%
	NXST	D	0.01%
	STWD	D	0.01%
	ESNT	D	0.01%
	ALTR	B	0.01%
	INSP	F	0.01%
	PCOR	B	0.01%
	CHX	C	0.01%
	AGCO	D	0.01%
	SUM	B	0.01%
	LNC	A	0.01%
	ZETA	F	0.01%
	IVZ	B	0.01%
	COKE	C	0.01%
	CFLT	C	0.01%
	RMBS	C	0.01%
	VNT	C	0.01%
	FAF	C	0.01%
	MOD	C	0.01%
	GBCI	A	0.01%
	CLF	F	0.01%
	DINO	D	0.01%
	BPMC	D	0.01%
	ELF	C	0.01%
	MTN	C	0.01%
	LYFT	B	0.01%
	MTDR	C	0.01%
	DAR	B	0.01%
	VKTX	F	0.01%
	ESI	B	0.01%
	OMF	A	0.01%
	MSA	D	0.01%
	LFUS	D	0.01%
	AXS	A	0.01%
	BBWI	C	0.01%
	NOVT	D	0.01%
	NOV	D	0.01%
	FYBR	C	0.01%
	ALK	A	0.01%
	U	F	0.01%
	DBX	C	0.01%
	COLD	F	0.01%
	HLNE	A	0.01%
	AGNC	C	0.01%
	ARW	D	0.01%
	H	B	0.01%
	MAT	C	0.01%
	AZEK	B	0.01%
	BILL	A	0.01%
	ONB	B	0.01%
	STAG	D	0.01%
	RLI	A	0.01%
	PARA	C	0.01%
	BEN	C	0.01%
	BFAM	F	0.01%
	MTH	D	0.01%
	SPSC	D	0.01%
	LSTR	D	0.01%
	BPOP	C	0.01%
	SITE	D	0.01%
	RIVN	F	0.01%
	QRVO	F	0.01%
	UHAL	D	0.01%
	G	A	0.01%
	VMI	B	0.01%
	RYAN	A	0.01%
	FR	D	0.01%
	EXLS	B	0.01%
	ATI	D	0.01%
	FCN	F	0.01%
	GXO	B	0.01%
	CMC	B	0.01%
	TMHC	B	0.01%
	ELAN	C	0.01%
	S	B	0.01%
	GNTX	C	0.01%
	MASI	A	0.01%
	PB	A	0.01%
	WH	A	0.01%
	SAIC	D	0.01%
	WEX	F	0.01%
	ADC	A	0.01%
	GKOS	B	0.01%
	APG	C	0.01%
	KEX	A	0.01%
	AAON	A	0.01%
	MKSI	D	0.01%
	MTCH	F	0.01%
	CVLT	B	0.01%
	WSC	F	0.01%
	SMAR	A	0.01%
	RGEN	D	0.01%
	GTLB	B	0.01%
	CGNX	D	0.01%
	BIO	C	0.01%
	MIDD	D	0.01%
	CRBG	B	0.01%
	ESAB	B	0.01%
	HALO	D	0.01%
	LSCC	D	0.01%
	NNN	D	0.01%
	MTSI	B	0.01%
	MHK	D	0.01%
	RHI	B	0.01%
	FMC	F	0.01%
	FLS	A	0.01%
	BERY	D	0.01%
	WTFC	A	0.01%
	UFPI	C	0.01%
	TREX	C	0.01%
	RRC	B	0.01%
	VOYA	A	0.01%
	SSD	D	0.01%
	AR	B	0.01%
	SNV	A	0.01%
	VFC	B	0.01%
	BWA	A	0.01%
	OLED	F	0.01%
	CHE	D	0.01%
	HSIC	D	0.01%
	SEIC	A	0.01%
	ACI	C	0.01%
	ENSG	D	0.01%
	CBSH	A	0.01%
	SSB	A	0.01%
	ITCI	B	0.01%
	BSY	D	0.01%
	JXN	B	0.01%
	CFR	A	0.01%
	UWMC	F	0.0%
	UHAL	D	0.0%
	BLCO	B	0.0%
	CWEN	D	0.0%
	CNA	C	0.0%
	BIRK	F	0.0%
	LEN	D	0.0%
	INFA	F	0.0%
	REYN	D	0.0%
	LBRDA	B	0.0%
	CLVT	F	0.0%
	LEVI	F	0.0%
	IMVT	D	0.0%
	LCID	F	0.0%
	RKT	F	0.0%
	PPC	B	0.0%
	RCM	A	0.0%
	SMMT	D	0.0%
	IGT	F	0.0%
	CWEN	D	0.0%
	CPRI	F	0.0%
	AGR	A	0.0%
	STNG	F	0.0%
	COTY	F	0.0%
	BOKF	A	0.0%

GUSA Underweight 94 Positions Relative to OPTZ

	Symbol	Grade	Weight
	TTMI	B	-1.43%
	BHE	B	-1.29%
	ITRI	B	-1.24%
	WIX	A	-1.08%
	INFN	C	-1.08%
	VZIO	A	-1.02%
	LUMN	C	-0.9%
	ACLS	F	-0.88%
	IDCC	A	-0.76%
	RNG	B	-0.74%
	EAT	A	-0.52%
	AMC	C	-0.5%
	WWW	A	-0.47%
	NPAB	F	-0.46%
	WOOF	D	-0.44%
	UNFI	A	-0.39%
	HBI	A	-0.39%
	PCT	C	-0.35%
	BZH	B	-0.34%
	SBH	A	-0.33%
	YETI	F	-0.31%
	ODP	F	-0.3%
	ENR	A	-0.3%
	DOLE	D	-0.29%
	LC	B	-0.27%
	EWTX	C	-0.26%
	DAN	F	-0.26%
	AX	A	-0.25%
	CAL	D	-0.24%
	BHF	A	-0.23%
	COOP	B	-0.22%
	STRL	B	-0.21%
	LDI	C	-0.21%
	BFH	A	-0.21%
	PRG	A	-0.21%
	AER	B	-0.21%
	AGO	A	-0.21%
	LBPH	A	-0.21%
	GATO	D	-0.2%
	ZIM	A	-0.19%
	PMT	D	-0.19%
	NATL	B	-0.19%
	HASI	F	-0.18%
	NAVI	D	-0.18%
	SKYW	A	-0.18%
	AVNT	A	-0.17%
	VERA	B	-0.17%
	AKRO	C	-0.17%
	CLOV	C	-0.17%
	ETNB	D	-0.16%
	TPC	C	-0.16%
	JBLU	C	-0.15%
	BV	C	-0.15%
	PEGA	B	-0.15%
	SNDX	D	-0.15%
	DAWN	D	-0.15%
	ACHR	B	-0.15%
	GFF	A	-0.14%
	LIVN	C	-0.14%
	PBI	C	-0.14%
	MRC	B	-0.14%
	REVG	A	-0.14%
	STGW	B	-0.14%
	SHC	D	-0.13%
	SAVA	C	-0.13%
	PHIN	A	-0.13%
	KRYS	D	-0.13%
	AHCO	D	-0.12%
	KURA	F	-0.12%
	COGT	D	-0.12%
	EXPI	C	-0.11%
	OMI	F	-0.11%
	CGEM	F	-0.11%
	DYN	F	-0.11%
	SBRA	C	-0.1%
	UNIT	B	-0.1%
	PRIM	A	-0.09%
	TDW	F	-0.09%
	RDFN	D	-0.09%
	PK	C	-0.09%
	PEB	F	-0.09%
	ICLR	F	-0.09%
	NMRK	B	-0.09%
	SANA	F	-0.08%
	NVRI	F	-0.08%
	NEXT	B	-0.08%
	BKD	F	-0.07%
	OII	B	-0.06%
	WHD	B	-0.06%
	VAL	F	-0.05%
	DK	D	-0.05%
	WKC	C	-0.05%
	NFE	F	-0.04%
	HE	D	-0.04%

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 Biotechnology Dow Jones Component Insurance Products Transport

OPTZ: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Specialty Retail Business Services Oil & Gas Equipment & Services Diagnostics & Research Diversified Industrials Medical Devices Telecom Services Engineering & Construction Insurance - Property & Casualty Aerospace & Defense Asset Management Auto Parts Building Materials Capital Markets Credit Services Utilities - Regulated Electric Chemicals Footwear & Accessories

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Medicine Computing Dow Jones Component Mining IBD 50 Chemical Electronics Real Estate Investment Trust Transport Construction Electricity Petroleum Industry Biotechnology Clothing Fashion Mobile Devices