GUSA vs. QDF ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to FlexShares Quality Dividend Index Fund (QDF)

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

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$73.22

Average Daily Volume

26,189

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	QDF
30 Days	4.16%	2.59%
60 Days	5.29%	2.59%
90 Days	7.76%	4.61%
12 Months	33.97%	27.53%

116 Overlapping Holdings

Symbol	Grade	Weight in GUSA	Weight in QDF	Overlap
AAPL	B	6.17%	8.54%	6.17%
ABBV	D	0.54%	2.58%	0.54%
ACN	B	0.4%	1.93%	0.4%
ADP	B	0.22%	1.11%	0.22%
AFL	B	0.1%	0.62%	0.1%
ALLY	C	0.02%	0.37%	0.02%
AVB	B	0.06%	0.58%	0.06%
AVGO	D	1.38%	0.88%	0.88%
BAC	A	0.57%	0.02%	0.02%
BBWI	C	0.01%	0.01%	0.01%
BK	A	0.1%	0.68%	0.1%
BKNG	B	0.3%	0.07%	0.07%
BPOP	B	0.01%	0.48%	0.01%
BR	A	0.05%	0.3%	0.05%
BSY	D	0.01%	0.13%	0.01%
CAT	B	0.34%	0.75%	0.34%
CFR	B	0.02%	0.42%	0.02%
CHRW	C	0.02%	0.55%	0.02%
CL	D	0.14%	0.15%	0.14%
CMA	A	0.02%	0.58%	0.02%
COP	D	0.24%	0.04%	0.04%
COR	C	0.08%	0.14%	0.08%
COST	B	0.75%	0.24%	0.24%
CPT	B	0.02%	0.51%	0.02%
CTAS	B	0.14%	0.39%	0.14%
CUBE	D	0.02%	0.37%	0.02%
D	C	0.09%	0.59%	0.09%
DPZ	C	0.03%	0.17%	0.03%
DVN	F	0.04%	0.46%	0.04%
EA	C	0.07%	0.58%	0.07%
EBAY	C	0.05%	0.58%	0.05%
EIX	A	0.06%	0.34%	0.06%
EQR	B	0.05%	0.55%	0.05%
EVRG	A	0.03%	0.42%	0.03%
EXP	B	0.02%	0.08%	0.02%
FAF	B	0.01%	0.47%	0.01%
FAST	B	0.09%	0.68%	0.09%
FIS	D	0.09%	0.62%	0.09%
GEN	A	0.03%	0.58%	0.03%
GILD	B	0.2%	1.0%	0.2%
GOOG	C	1.71%	1.63%	1.63%
GOOGL	C	1.9%	1.84%	1.84%
HD	A	0.74%	1.77%	0.74%
HRB	D	0.01%	0.17%	0.01%
HST	C	0.02%	0.41%	0.02%
INTU	C	0.32%	1.74%	0.32%
IPG	C	0.02%	0.45%	0.02%
ITW	A	0.14%	0.74%	0.14%
IVZ	B	0.01%	0.51%	0.01%
JHG	A	0.01%	0.6%	0.01%
JNJ	D	0.67%	3.01%	0.67%
JPM	B	1.26%	0.75%	0.75%
KLAC	F	0.15%	0.76%	0.15%
KO	D	0.44%	2.16%	0.44%
LMT	D	0.23%	0.62%	0.23%
LNC	B	0.01%	0.39%	0.01%
LOW	C	0.27%	1.27%	0.27%
LRCX	F	0.17%	0.87%	0.17%
MA	B	0.78%	0.26%	0.26%
MAA	B	0.03%	0.55%	0.03%
MAR	A	0.12%	0.05%	0.05%
MCHP	F	0.06%	0.45%	0.06%
MET	A	0.09%	0.56%	0.09%
META	D	2.23%	3.1%	2.23%
MMM	D	0.13%	0.65%	0.13%
MO	A	0.17%	0.89%	0.17%
MPC	F	0.1%	0.54%	0.1%
MRK	F	0.45%	0.45%	0.45%
MS	B	0.3%	0.98%	0.3%
MSFT	D	5.59%	4.91%	4.91%
NKE	F	0.16%	0.83%	0.16%
NNN	D	0.01%	0.23%	0.01%
NSA	C	0.01%	0.49%	0.01%
NTAP	C	0.05%	0.22%	0.05%
NUE	D	0.06%	0.42%	0.06%
NVDA	C	6.32%	5.81%	5.81%
OGE	A	0.02%	0.51%	0.02%
OHI	D	0.02%	0.52%	0.02%
OLN	F	0.01%	0.25%	0.01%
OMF	A	0.01%	0.52%	0.01%
ORI	A	0.02%	0.55%	0.02%
PAYC	A	0.02%	0.16%	0.02%
PAYX	B	0.08%	0.63%	0.08%
PEG	A	0.08%	0.61%	0.08%
PFG	C	0.04%	0.39%	0.04%
PG	A	0.73%	3.03%	0.73%
PM	B	0.37%	1.41%	0.37%
PNW	B	0.02%	0.16%	0.02%
POOL	C	0.03%	0.44%	0.03%
PRU	A	0.08%	0.61%	0.08%
PSA	C	0.1%	0.6%	0.1%
QCOM	F	0.33%	1.68%	0.33%
RHI	C	0.01%	0.38%	0.01%
RMD	C	0.06%	0.17%	0.06%
SBUX	B	0.2%	0.76%	0.2%
SCCO	F	0.02%	0.36%	0.02%
SNA	A	0.03%	0.56%	0.03%
STNG	F	0.0%	0.02%	0.0%
STWD	C	0.01%	0.49%	0.01%
SWKS	F	0.02%	0.4%	0.02%
TPR	A	0.02%	0.57%	0.02%
TT	B	0.17%	0.43%	0.17%
UGI	A	0.01%	0.49%	0.01%
UNP	C	0.26%	1.24%	0.26%
V	A	0.95%	0.4%	0.4%
VLO	C	0.08%	0.55%	0.08%
VRT	B	0.09%	0.83%	0.09%
WFRD	F	0.01%	0.07%	0.01%
WING	F	0.02%	0.2%	0.02%
WMS	F	0.02%	0.36%	0.02%
WMT	B	0.69%	0.13%	0.13%
WSM	B	0.03%	0.43%	0.03%
WTW	B	0.06%	0.56%	0.06%
WY	D	0.04%	0.42%	0.04%
XOM	C	0.96%	0.5%	0.5%
ZTS	D	0.15%	0.74%	0.15%

GUSA Overweight 859 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	C	3.5%
TSLA	B	1.76%
BRK.A	B	1.13%
LLY	F	1.13%
UNH	B	0.97%
NFLX	B	0.67%
ORCL	C	0.56%
CRM	B	0.55%
CVX	B	0.5%
WFC	A	0.46%
CSCO	A	0.42%
AMD	F	0.41%
ADBE	C	0.4%
LIN	D	0.39%
PEP	F	0.39%
MCD	D	0.38%
NOW	B	0.38%
ABT	B	0.37%
DIS	B	0.37%
ISRG	C	0.35%
GE	D	0.35%
IBM	C	0.35%
TMO	F	0.35%
GS	B	0.33%
TXN	D	0.33%
VZ	B	0.32%
CMCSA	C	0.3%
T	A	0.3%
SPGI	C	0.29%
RTX	D	0.29%
NEE	D	0.29%
AXP	A	0.29%
BLK	C	0.28%
HON	B	0.27%
DHR	D	0.27%
PGR	A	0.27%
AMGN	D	0.27%
UBER	D	0.26%
PFE	D	0.26%
ETN	A	0.26%
TJX	A	0.25%
AMAT	F	0.25%
BX	B	0.24%
BSX	C	0.24%
SYK	C	0.23%
PLTR	B	0.23%
PANW	C	0.23%
C	A	0.23%
BMY	B	0.22%
SCHW	A	0.22%
FI	A	0.22%
TMUS	A	0.21%
CB	D	0.21%
VRTX	D	0.21%
MU	D	0.2%
MMC	A	0.2%
MDT	D	0.2%
KKR	B	0.19%
INTC	C	0.19%
ADI	D	0.19%
PLD	D	0.19%
SO	D	0.18%
UPS	C	0.18%
DE	B	0.18%
ANET	C	0.17%
ELV	F	0.17%
GEV	C	0.17%
AMT	D	0.17%
MDLZ	F	0.16%
BA	D	0.16%
PYPL	A	0.16%
EQIX	A	0.16%
SHW	A	0.16%
DUK	C	0.16%
WM	A	0.16%
PH	A	0.16%
CI	D	0.16%
MELI	C	0.16%
ICE	D	0.16%
MCK	C	0.15%
CMG	B	0.15%
CRWD	B	0.15%
MSI	C	0.15%
PNC	A	0.15%
CDNS	B	0.15%
SNPS	B	0.15%
CME	A	0.15%
WELL	C	0.15%
APH	B	0.15%
EMR	A	0.14%
AON	A	0.14%
USB	A	0.14%
EOG	C	0.14%
MRVL	B	0.14%
REGN	F	0.14%
MSTR	C	0.14%
APO	A	0.13%
TDG	D	0.13%
ORLY	B	0.13%
CVS	D	0.13%
WMB	B	0.13%
NOC	D	0.13%
TGT	F	0.13%
APD	A	0.13%
APP	B	0.13%
CEG	D	0.13%
MCO	A	0.13%
FCX	F	0.12%
GD	F	0.12%
BDX	F	0.12%
COIN	B	0.12%
ADSK	B	0.12%
FDX	B	0.12%
OKE	C	0.12%
SPOT	B	0.12%
CSX	B	0.12%
COF	B	0.12%
SPG	C	0.11%
NSC	A	0.11%
ROP	B	0.11%
TRV	B	0.11%
SRE	A	0.11%
HLT	A	0.11%
SLB	C	0.11%
DLR	A	0.11%
ECL	D	0.11%
GM	B	0.11%
TFC	B	0.11%
HCA	F	0.11%
CARR	C	0.11%
AJG	A	0.11%
RCL	B	0.1%
AZO	C	0.1%
VST	B	0.1%
TTD	B	0.1%
URI	B	0.1%
WDAY	C	0.1%
PSX	C	0.1%
KMI	B	0.1%
FICO	B	0.1%
AMP	B	0.1%
JCI	C	0.1%
ABNB	C	0.1%
FTNT	C	0.1%
DASH	A	0.1%
PCAR	B	0.1%
DHI	D	0.09%
FLUT	A	0.09%
HWM	B	0.09%
PWR	A	0.09%
CPRT	A	0.09%
AIG	B	0.09%
LNG	B	0.09%
NEM	F	0.09%
CMI	A	0.09%
O	D	0.09%
SQ	B	0.09%
AEP	D	0.09%
GWW	A	0.09%
ALL	B	0.09%
IR	A	0.08%
SNOW	C	0.08%
DAL	B	0.08%
EW	C	0.08%
BKR	C	0.08%
F	C	0.08%
DFS	B	0.08%
RSG	A	0.08%
AXON	B	0.08%
TRGP	B	0.08%
AME	A	0.08%
PCG	B	0.08%
KVUE	A	0.08%
CCI	D	0.08%
MSCI	C	0.08%
KMB	C	0.08%
ROST	C	0.08%
LHX	C	0.08%
MLM	B	0.07%
A	D	0.07%
SYY	C	0.07%
CHTR	C	0.07%
GLW	B	0.07%
VMC	B	0.07%
YUM	B	0.07%
MNST	B	0.07%
STZ	D	0.07%
CTSH	B	0.07%
XEL	A	0.07%
TEAM	B	0.07%
KR	A	0.07%
IT	C	0.07%
EXC	D	0.07%
LEN	C	0.07%
ODFL	B	0.07%
VRSK	A	0.07%
DDOG	A	0.07%
OTIS	C	0.07%
CTVA	B	0.07%
CBRE	B	0.07%
HES	C	0.07%
DELL	C	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%
ARES	B	0.06%
VEEV	B	0.06%
FITB	B	0.06%
WEC	A	0.06%
ROK	B	0.06%
ETR	B	0.06%
GRMN	A	0.06%
FANG	F	0.06%
LULU	C	0.06%
TPL	B	0.06%
NDAQ	A	0.06%
HUBS	B	0.06%
VICI	C	0.06%
KDP	D	0.06%
HUM	C	0.06%
ED	D	0.06%
IRM	C	0.06%
IDXX	F	0.06%
IQV	F	0.06%
WAB	B	0.06%
HIG	B	0.06%
ACGL	D	0.06%
EXR	C	0.06%
GIS	D	0.06%
GEHC	F	0.06%
HPQ	B	0.06%
OXY	F	0.06%
MTB	B	0.06%
CPAY	A	0.05%
EQT	B	0.05%
DTE	C	0.05%
ADM	F	0.05%
HSY	F	0.05%
SYF	A	0.05%
TYL	A	0.05%
PPL	B	0.05%
GDDY	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%
RBLX	C	0.05%
FTV	B	0.05%
BRO	B	0.05%
KEYS	B	0.05%
PHM	C	0.05%
CPNG	D	0.05%
HAL	C	0.05%
DECK	A	0.05%
AWK	D	0.05%
SW	B	0.05%
CHD	B	0.05%
DOV	A	0.05%
MPWR	F	0.05%
CVNA	B	0.05%
HPE	B	0.05%
PPG	D	0.05%
STT	A	0.05%
ON	C	0.05%
NET	B	0.05%
CAH	B	0.05%
GPN	C	0.05%
XYL	D	0.05%
CSGP	C	0.05%
DXCM	C	0.05%
ANSS	B	0.05%
ALNY	D	0.05%
TSCO	C	0.05%
EFX	D	0.05%
STX	D	0.04%
IBKR	B	0.04%
ESS	B	0.04%
LUV	B	0.04%
NRG	C	0.04%
INVH	D	0.04%
ZBRA	A	0.04%
LYV	A	0.04%
LII	A	0.04%
LH	B	0.04%
IP	B	0.04%
CSL	B	0.04%
ZM	B	0.04%
CNP	A	0.04%
DKNG	C	0.04%
STLD	B	0.04%
MDB	C	0.04%
WAT	B	0.04%
CMS	C	0.04%
CFG	B	0.04%
BLDR	C	0.04%
CLX	C	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%
MKL	A	0.04%
WBD	C	0.04%
ES	D	0.04%
TDY	B	0.04%
NTRS	A	0.04%
ILMN	C	0.04%
EXPE	B	0.04%
WST	C	0.04%
WDC	C	0.04%
ATO	A	0.04%
BIIB	F	0.04%
PTC	A	0.04%
ZBH	C	0.04%
IFF	D	0.04%
FE	D	0.04%
CINF	A	0.04%
VLTO	C	0.04%
SBAC	D	0.04%
CDW	F	0.04%
LPLA	B	0.04%
KHC	D	0.04%
EME	B	0.04%
RF	B	0.04%
AEE	A	0.04%
HUBB	B	0.04%
MTD	F	0.04%
RVTY	D	0.03%
SAIA	C	0.03%
NDSN	B	0.03%
DT	C	0.03%
APTV	F	0.03%
UDR	B	0.03%
EL	F	0.03%
FFIV	A	0.03%
CW	B	0.03%
JBL	C	0.03%
AMCR	D	0.03%
SMCI	D	0.03%
SFM	B	0.03%
JBHT	C	0.03%
EWBC	B	0.03%
ACM	A	0.03%
AFRM	B	0.03%
ROL	B	0.03%
TWLO	B	0.03%
EQH	B	0.03%
FLEX	B	0.03%
UTHR	C	0.03%
DOC	C	0.03%
GGG	B	0.03%
ENTG	D	0.03%
USFD	A	0.03%
VRSN	F	0.03%
RGA	A	0.03%
CASY	B	0.03%
GWRE	B	0.03%
TOL	A	0.03%
TXT	D	0.03%
L	B	0.03%
PSTG	D	0.03%
VTRS	B	0.03%
CF	B	0.03%
TW	B	0.03%
ALGN	D	0.03%
SSNC	A	0.03%
ULTA	F	0.03%
SUI	D	0.03%
AVY	D	0.03%
LNT	A	0.03%
FNF	B	0.03%
HEI	B	0.03%
TER	F	0.03%
MRO	B	0.03%
DOCU	A	0.03%
TOST	B	0.03%
ARE	D	0.03%
MAS	C	0.03%
J	F	0.03%
GPC	D	0.03%
MOH	F	0.03%
BBY	D	0.03%
KIM	A	0.03%
MANH	C	0.03%
BAX	F	0.03%
NI	A	0.03%
OC	B	0.03%
DG	F	0.03%
XPO	B	0.03%
EXPD	C	0.03%
NTNX	B	0.03%
RS	B	0.03%
TRMB	B	0.03%
FIX	A	0.03%
RPM	A	0.03%
IEX	B	0.03%
LVS	C	0.03%
PNR	B	0.03%
HOOD	B	0.03%
BAH	F	0.03%
BURL	B	0.03%
TSN	B	0.03%
YUMC	B	0.03%
PINS	F	0.03%
DGX	B	0.03%
BALL	D	0.03%
KEY	A	0.03%
WRB	A	0.03%
WSO	A	0.03%
HOLX	D	0.03%
PODD	B	0.03%
FDS	B	0.03%
MKC	D	0.03%
TRU	D	0.03%
FSLR	F	0.03%
ZS	C	0.03%
NTRA	B	0.03%
DRI	B	0.03%
OMC	C	0.03%
CTRA	B	0.03%
SKX	D	0.02%
RL	B	0.02%
MOS	F	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%
PR	C	0.02%
AOS	D	0.02%
PLNT	B	0.02%
SNX	C	0.02%
PCTY	B	0.02%
WYNN	D	0.02%
RBC	B	0.02%
CNH	A	0.02%
CBSH	B	0.02%
CR	B	0.02%
HQY	B	0.02%
EXEL	A	0.02%
MGM	F	0.02%
AXTA	A	0.02%
ZION	B	0.02%
HRL	D	0.02%
GLOB	B	0.02%
RVMD	B	0.02%
HSIC	B	0.02%
MORN	A	0.02%
PEN	C	0.02%
BILL	A	0.02%
X	C	0.02%
TPX	A	0.02%
KNX	B	0.02%
AR	B	0.02%
QGEN	D	0.02%
FLR	B	0.02%
CRS	B	0.02%
BRX	A	0.02%
MTZ	B	0.02%
FN	D	0.02%
FBIN	D	0.02%
TFX	F	0.02%
DCI	A	0.02%
ROKU	D	0.02%
WCC	B	0.02%
INGR	B	0.02%
SOLV	C	0.02%
TKO	B	0.02%
PNFP	B	0.02%
REXR	F	0.02%
DOX	D	0.02%
LKQ	D	0.02%
AAL	B	0.02%
GMED	A	0.02%
CRL	C	0.02%
BRBR	B	0.02%
SRPT	F	0.02%
HLI	A	0.02%
ARMK	A	0.02%
CHDN	B	0.02%
CIEN	B	0.02%
WAL	B	0.02%
AYI	B	0.02%
EXAS	F	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%
LBRDK	C	0.02%
CACI	D	0.02%
AFG	A	0.02%
MKTX	D	0.02%
MUSA	B	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%
TECH	C	0.02%
BLD	C	0.02%
ERIE	D	0.02%
FND	C	0.02%
KNSL	B	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%
GNRC	B	0.02%
LW	C	0.02%
TTEK	F	0.02%
OVV	C	0.02%
SNAP	C	0.02%
ATR	B	0.02%
NWSA	B	0.02%
NCLH	B	0.02%
LAMR	C	0.02%
UHS	D	0.02%
CG	B	0.02%
DAY	A	0.02%
JNPR	F	0.02%
SF	B	0.02%
BJ	B	0.02%
HEI	B	0.02%
DKS	C	0.02%
INCY	C	0.02%
AIZ	B	0.02%
LECO	C	0.02%
RRX	A	0.02%
BXP	D	0.02%
KMX	B	0.02%
BMRN	F	0.02%
AA	A	0.02%
Z	B	0.02%
SJM	D	0.02%
NBIX	C	0.02%
INSM	C	0.02%
DUOL	B	0.02%
SCI	A	0.02%
EMN	D	0.02%
OKTA	C	0.02%
JEF	A	0.02%
BWXT	B	0.02%
REG	B	0.02%
EG	C	0.02%
ALLE	D	0.02%
JLL	B	0.02%
ITT	A	0.02%
WPC	D	0.02%
FTI	A	0.02%
MRNA	F	0.02%
EPAM	C	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%
PFGC	A	0.02%
ELS	C	0.02%
CAG	D	0.02%
TXRH	A	0.02%
OWL	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%
RNR	C	0.02%
SOFI	B	0.02%
ADTN	B	0.01%
AMKR	F	0.01%
TNET	D	0.01%
HESM	B	0.01%
CACC	D	0.01%
SATS	D	0.01%
COLM	A	0.01%
PAG	B	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%
CELH	F	0.01%
NSIT	F	0.01%
WLK	D	0.01%
CHH	A	0.01%
WMG	C	0.01%
CIVI	D	0.01%
GAP	C	0.01%
DLB	B	0.01%
EEFT	B	0.01%
APPF	B	0.01%
AN	B	0.01%
SLGN	A	0.01%
PSN	D	0.01%
BRKR	F	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%
FIVE	D	0.01%
CNM	D	0.01%
MUR	F	0.01%
ST	F	0.01%
IONS	F	0.01%
EXPO	D	0.01%
RH	B	0.01%
VKTX	F	0.01%
TKR	D	0.01%
SON	D	0.01%
MMS	F	0.01%
SN	D	0.01%
HXL	D	0.01%
IBP	C	0.01%
PATH	C	0.01%
NXST	C	0.01%
FFIN	B	0.01%
AL	A	0.01%
SEE	C	0.01%
ABG	B	0.01%
HCP	B	0.01%
SM	C	0.01%
VVV	F	0.01%
INSP	D	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%
AM	B	0.01%
LEA	F	0.01%
AMG	B	0.01%
LNTH	D	0.01%
CLF	F	0.01%
CRUS	F	0.01%
BROS	B	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%
TPG	B	0.01%
FOX	B	0.01%
HALO	F	0.01%
ETSY	D	0.01%
RMBS	C	0.01%
WTS	B	0.01%
VNT	C	0.01%
FOUR	B	0.01%
PCOR	B	0.01%
SUM	B	0.01%
AGCO	D	0.01%
AUR	B	0.01%
THG	C	0.01%
ALTR	B	0.01%
ESNT	D	0.01%
CROX	F	0.01%
SAIC	F	0.01%
CHX	C	0.01%
U	C	0.01%
SIGI	B	0.01%
BPMC	C	0.01%
LFUS	D	0.01%
IDA	B	0.01%
NOVT	D	0.01%
LYFT	C	0.01%
WHR	B	0.01%
WBA	D	0.01%
PARA	C	0.01%
UHAL	D	0.01%
SITE	C	0.01%
ESI	B	0.01%
ARW	D	0.01%
GBCI	B	0.01%
MSA	C	0.01%
QRVO	F	0.01%
MAT	D	0.01%
DBX	C	0.01%
COLD	F	0.01%
NOV	C	0.01%
COKE	C	0.01%
CFLT	B	0.01%
BFAM	F	0.01%
MTN	C	0.01%
DOCS	C	0.01%
VNO	B	0.01%
DINO	F	0.01%
MTH	C	0.01%
BIO	D	0.01%
LSTR	B	0.01%
SPSC	C	0.01%
MTDR	C	0.01%
FYBR	D	0.01%
ONB	B	0.01%
STAG	D	0.01%
ELAN	F	0.01%
WSC	D	0.01%
H	A	0.01%
RHP	B	0.01%
ELF	C	0.01%
DAR	C	0.01%
MOD	B	0.01%
AXS	A	0.01%
RGEN	D	0.01%
LSCC	D	0.01%
AZEK	B	0.01%
LNW	D	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%
CGNX	C	0.01%
GNTX	C	0.01%
VMI	A	0.01%
RYAN	A	0.01%
MTSI	B	0.01%
ANF	C	0.01%
RIVN	D	0.01%
GXO	B	0.01%
MKSI	C	0.01%
ESAB	B	0.01%
CMC	B	0.01%
TMHC	A	0.01%
FMC	D	0.01%
FR	C	0.01%
RLI	A	0.01%
OSK	B	0.01%
GTLS	B	0.01%
WEX	F	0.01%
S	B	0.01%
MHK	D	0.01%
ATI	D	0.01%
APG	B	0.01%
JAZZ	B	0.01%
DVA	B	0.01%
VFC	C	0.01%
MTCH	F	0.01%
CRBG	B	0.01%
OLED	F	0.01%
LPX	B	0.01%
CVLT	B	0.01%
WH	A	0.01%
G	B	0.01%
MIDD	B	0.01%
ESTC	C	0.01%
MASI	A	0.01%
JXN	B	0.01%
TREX	C	0.01%
GTLB	C	0.01%
SMAR	A	0.01%
MEDP	F	0.01%
PB	B	0.01%
KEX	B	0.01%
ITCI	C	0.01%
HII	F	0.01%
UFPI	B	0.01%
GKOS	B	0.01%
BWA	C	0.01%
KBR	F	0.01%
SSD	C	0.01%
BERY	B	0.01%
ADC	B	0.01%
CZR	D	0.01%
VOYA	B	0.01%
CE	F	0.01%
APA	F	0.01%
SNV	B	0.01%
CHE	D	0.01%
ENSG	D	0.01%
CHRD	F	0.01%
ONTO	F	0.01%
FLS	A	0.01%
SSB	B	0.01%
ENPH	F	0.01%
HAS	D	0.01%
SEIC	A	0.01%
NYT	C	0.01%
WTFC	B	0.01%
ACI	C	0.01%
AAON	B	0.01%
UWMC	F	0.0%
UHAL	D	0.0%
BLCO	D	0.0%
CWEN	C	0.0%
CNA	B	0.0%
LEN	C	0.0%
BIRK	C	0.0%
DJT	C	0.0%
INFA	D	0.0%
LBRDA	C	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%
PPC	C	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%
BOKF	B	0.0%

GUSA Underweight 11 Positions Relative to QDF

Symbol	Grade	Weight
VIRT	B	-0.6%
KTB	A	-0.6%
NXPI	D	-0.52%
SMG	C	-0.5%
RDN	C	-0.49%
WDFC	B	-0.47%
WU	D	-0.45%
APLE	B	-0.35%
IRDM	C	-0.31%
NEP	F	-0.3%
CSWI	A	-0.07%