GUSA vs. SCHJ ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to HCM Defender 500 Index ETF (SCHJ)

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

$48.59

Average Daily Volume

133

Number of Holdings ^*

969

* may have additional holdings in another (foreign) market

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$49.60

Average Daily Volume

51,058

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	SCHJ
30 Days	0.61%	1.32%
60 Days	2.55%	2.76%
90 Days	3.35%	3.29%
12 Months	27.59%	9.09%

374 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in SCHJ	Overlap
	A	C	0.08%	0.02%	0.02%
	AAPL	D	6.2%	0.04%	0.04%
	ABBV	C	0.66%	0.03%	0.03%
	ABT	C	0.39%	0.02%	0.02%
	ADBE	D	0.46%	0.01%	0.01%
	ADI	D	0.22%	0.02%	0.02%
	ADM	D	0.06%	0.02%	0.02%
	ADP	B	0.22%	0.05%	0.05%
	ADSK	B	0.11%	0.02%	0.02%
	AEE	B	0.04%	0.0%	0.0%
	AEP	B	0.11%	0.01%	0.01%
	AES	C	0.03%	0.0%	0.0%
	AFL	B	0.11%	0.01%	0.01%
	AGR	B	0.0%	0.02%	0.0%
	AIG	D	0.09%	0.04%	0.04%
	AIZ	B	0.02%	0.02%	0.02%
	AL	D	0.01%	0.02%	0.01%
	ALB	F	0.02%	0.01%	0.01%
	ALL	A	0.1%	0.03%	0.03%
	ALLE	B	0.02%	0.02%	0.02%
	ALLY	F	0.02%	0.03%	0.02%
	AMAT	D	0.3%	0.04%	0.04%
	AMCR	C	0.03%	0.03%	0.03%
	AMG	C	0.01%	0.01%	0.01%
	AMGN	B	0.34%	0.01%	0.01%
	AMP	B	0.08%	0.02%	0.02%
	AMT	C	0.21%	0.01%	0.01%
	AMZN	C	3.35%	0.04%	0.04%
	AN	D	0.01%	0.03%	0.01%
	AON	B	0.13%	0.02%	0.02%
	APD	B	0.12%	0.02%	0.02%
	APH	D	0.15%	0.0%	0.0%
	APTV	D	0.04%	0.01%	0.01%
	ARE	B	0.04%	0.02%	0.02%
	ARW	C	0.01%	0.01%	0.01%
	ATO	B	0.04%	0.05%	0.04%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	1.47%	0.02%	0.02%
	AWK	A	0.06%	0.02%	0.02%
	AXP	B	0.29%	0.04%	0.04%
	AZO	D	0.1%	0.0%	0.0%
	BA	F	0.18%	0.01%	0.01%
	BAC	D	0.51%	0.03%	0.03%
	BAX	C	0.04%	0.03%	0.03%
	BC	C	0.01%	0.03%	0.01%
	BDX	F	0.13%	0.05%	0.05%
	BEN	F	0.01%	0.01%	0.01%
	BERY	B	0.01%	0.05%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	F	0.05%	0.1%	0.05%
	BK	A	0.1%	0.01%	0.01%
	BKNG	B	0.26%	0.02%	0.02%
	BLK	A	0.25%	0.07%	0.07%
	BMY	C	0.19%	0.02%	0.02%
	BR	D	0.05%	0.02%	0.02%
	BRO	C	0.05%	0.01%	0.01%
	BRX	B	0.02%	0.0%	0.0%
	BSX	B	0.24%	0.0%	0.0%
	BWA	D	0.01%	0.03%	0.01%
	BXP	B	0.02%	0.02%	0.02%
	C	D	0.21%	0.03%	0.03%
	CAG	B	0.03%	0.01%	0.01%
	CAH	C	0.05%	0.02%	0.02%
	CARR	B	0.12%	0.1%	0.1%
	CAT	C	0.33%	0.02%	0.02%
	CB	B	0.23%	0.02%	0.02%
	CCI	B	0.1%	0.01%	0.01%
	CE	D	0.03%	0.03%	0.03%
	CF	B	0.03%	0.02%	0.02%
	CFG	D	0.04%	0.02%	0.02%
	CHD	C	0.05%	0.01%	0.01%
	CHTR	D	0.06%	0.06%	0.06%
	CI	C	0.2%	0.02%	0.02%
	CL	C	0.17%	0.0%	0.0%
	CLX	C	0.04%	0.03%	0.03%
	CMA	B	0.01%	0.04%	0.01%
	CMCSA	D	0.3%	0.01%	0.01%
	CME	C	0.15%	0.07%	0.07%
	CMI	C	0.08%	0.0%	0.0%
	CMS	A	0.04%	0.0%	0.0%
	CNA	C	0.0%	0.02%	0.0%
	CNH	C	0.02%	0.02%	0.02%
	CNP	C	0.03%	0.02%	0.02%
	COF	C	0.1%	0.01%	0.01%
	COP	D	0.23%	0.09%	0.09%
	COST	C	0.78%	0.0%	0.0%
	CPB	B	0.02%	0.01%	0.01%
	CRM	D	0.46%	0.02%	0.02%
	CSCO	B	0.39%	0.03%	0.03%
	CSL	C	0.04%	0.01%	0.01%
	CSX	D	0.13%	0.01%	0.01%
	CTRA	F	0.03%	0.0%	0.0%
	CTVA	B	0.08%	0.02%	0.02%
	CUBE	B	0.02%	0.0%	0.0%
	CVS	D	0.14%	0.01%	0.01%
	CVX	D	0.46%	0.02%	0.02%
	D	C	0.09%	0.02%	0.02%
	DAL	C	0.06%	0.02%	0.02%
	DD	B	0.06%	0.09%	0.06%
	DE	B	0.19%	0.0%	0.0%
	DELL	D	0.06%	0.04%	0.04%
	DFS	C	0.06%	0.02%	0.02%
	DG	F	0.04%	0.03%	0.03%
	DGX	B	0.03%	0.03%	0.03%
	DHI	B	0.11%	0.02%	0.02%
	DHR	B	0.35%	0.01%	0.01%
	DIS	D	0.32%	0.04%	0.04%
	DLR	B	0.1%	0.03%	0.03%
	DLTR	F	0.03%	0.05%	0.03%
	DOC	C	0.03%	0.0%	0.0%
	DOV	B	0.05%	0.02%	0.02%
	DOW	D	0.07%	0.04%	0.04%
	DTE	B	0.05%	0.01%	0.01%
	DUK	C	0.17%	0.02%	0.02%
	DVN	F	0.05%	0.02%	0.02%
	EA	D	0.07%	0.03%	0.03%
	EBAY	B	0.06%	0.03%	0.03%
	ED	C	0.07%	0.03%	0.03%
	EFX	C	0.07%	0.01%	0.01%
	EIX	C	0.06%	0.0%	0.0%
	EL	F	0.03%	0.02%	0.02%
	EMN	B	0.02%	0.05%	0.02%
	EMR	D	0.11%	0.03%	0.03%
	EOG	D	0.13%	0.02%	0.02%
	EQH	C	0.03%	0.02%	0.02%
	EQIX	B	0.16%	0.02%	0.02%
	EQR	B	0.05%	0.03%	0.03%
	ES	C	0.05%	0.01%	0.01%
	ESS	B	0.04%	0.0%	0.0%
	ETN	C	0.23%	0.05%	0.05%
	ETR	A	0.05%	0.02%	0.02%
	EVRG	A	0.03%	0.03%	0.03%
	EXC	B	0.08%	0.03%	0.03%
	EXPE	C	0.03%	0.02%	0.02%
	FAF	B	0.01%	0.03%	0.01%
	FANG	D	0.06%	0.03%	0.03%
	FCNCA	D	0.04%	0.0%	0.0%
	FDX	C	0.13%	0.04%	0.04%
	FE	C	0.05%	0.01%	0.01%
	FHN	D	0.02%	0.02%	0.02%
	FIS	B	0.09%	0.03%	0.03%
	FITB	B	0.06%	0.01%	0.01%
	FLEX	C	0.02%	0.0%	0.0%
	FOXA	B	0.02%	0.04%	0.02%
	FRT	C	0.02%	0.03%	0.02%
	FTNT	C	0.09%	0.03%	0.03%
	FTV	C	0.05%	0.03%	0.03%
	G	C	0.01%	0.02%	0.01%
	GD	B	0.13%	0.02%	0.02%
	GE	B	0.38%	0.03%	0.03%
	GILD	B	0.2%	0.07%	0.07%
	GIS	B	0.08%	0.01%	0.01%
	GLPI	B	0.03%	0.02%	0.02%
	GM	B	0.1%	0.01%	0.01%
	GOOGL	D	1.78%	0.03%	0.03%
	GPN	D	0.06%	0.02%	0.02%
	GS	D	0.3%	0.05%	0.05%
	GWW	B	0.08%	0.03%	0.03%
	GXO	D	0.01%	0.02%	0.01%
	H	C	0.01%	0.02%	0.01%
	HAL	F	0.05%	0.03%	0.03%
	HAS	B	0.02%	0.03%	0.02%
	HBAN	B	0.04%	0.02%	0.02%
	HCA	B	0.15%	0.04%	0.04%
	HD	B	0.73%	0.01%	0.01%
	HES	D	0.07%	0.02%	0.02%
	HII	C	0.02%	0.02%	0.02%
	HOG	C	0.01%	0.02%	0.01%
	HON	D	0.26%	0.04%	0.04%
	HPE	D	0.04%	0.03%	0.03%
	HPQ	D	0.06%	0.1%	0.06%
	HRB	C	0.02%	0.02%	0.02%
	HRL	C	0.02%	0.05%	0.02%
	HST	D	0.02%	0.02%	0.02%
	HSY	C	0.06%	0.01%	0.01%
	HUBB	B	0.04%	0.02%	0.02%
	HUM	F	0.07%	0.01%	0.01%
	IBM	B	0.38%	0.03%	0.03%
	ICE	B	0.18%	0.02%	0.02%
	IFF	B	0.05%	0.03%	0.03%
	ILMN	C	0.04%	0.02%	0.02%
	INTC	F	0.16%	0.02%	0.02%
	INTU	D	0.34%	0.02%	0.02%
	IP	B	0.03%	0.03%	0.03%
	ITW	B	0.15%	0.04%	0.04%
	IVZ	C	0.01%	0.0%	0.0%
	JBHT	D	0.03%	0.04%	0.03%
	JBL	D	0.02%	0.03%	0.02%
	JCI	B	0.09%	0.03%	0.03%
	JEF	B	0.02%	0.04%	0.02%
	JHG	B	0.01%	0.03%	0.01%
	JNJ	B	0.77%	0.02%	0.02%
	JNPR	A	0.02%	0.02%	0.02%
	JPM	D	1.13%	0.02%	0.02%
	K	A	0.04%	0.02%	0.02%
	KDP	A	0.08%	0.02%	0.02%
	KEY	B	0.03%	0.03%	0.03%
	KEYS	C	0.05%	0.03%	0.03%
	KIM	B	0.03%	0.0%	0.0%
	KLAC	D	0.2%	0.07%	0.07%
	KMB	D	0.09%	0.02%	0.02%
	KMI	A	0.08%	0.01%	0.01%
	KO	B	0.54%	0.05%	0.05%
	KR	B	0.07%	0.02%	0.02%
	KRC	B	0.01%	0.02%	0.01%
	L	B	0.03%	0.02%	0.02%
	LDOS	C	0.04%	0.03%	0.03%
	LEN	B	0.0%	0.02%	0.0%
	LEN	B	0.09%	0.02%	0.02%
	LHX	D	0.08%	0.03%	0.03%
	LII	B	0.04%	0.03%	0.03%
	LIN	B	0.43%	0.0%	0.0%
	LLY	C	1.52%	0.02%	0.02%
	LMT	C	0.26%	0.02%	0.02%
	LNC	D	0.01%	0.02%	0.01%
	LNT	A	0.03%	0.02%	0.02%
	LOW	B	0.28%	0.01%	0.01%
	LRCX	F	0.19%	0.01%	0.01%
	LUV	C	0.03%	0.04%	0.03%
	LVS	D	0.03%	0.03%	0.03%
	LYB	F	0.05%	0.02%	0.02%
	MA	B	0.79%	0.04%	0.04%
	MAA	B	0.04%	0.01%	0.01%
	MAR	C	0.11%	0.02%	0.02%
	MCD	C	0.42%	0.01%	0.01%
	MCHP	D	0.08%	0.05%	0.05%
	MCK	F	0.13%	0.01%	0.01%
	MCO	A	0.15%	0.02%	0.02%
	MDLZ	B	0.19%	0.03%	0.03%
	MDT	C	0.22%	0.1%	0.1%
	MET	A	0.09%	0.02%	0.02%
	MHK	B	0.02%	0.03%	0.02%
	MKC	B	0.04%	0.03%	0.03%
	MLM	D	0.06%	0.04%	0.04%
	MMC	C	0.22%	0.02%	0.02%
	MMM	B	0.14%	0.02%	0.02%
	MO	C	0.18%	0.02%	0.02%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.11%	0.03%	0.03%
	MRK	D	0.57%	0.05%	0.05%
	MRVL	C	0.12%	0.02%	0.02%
	MS	D	0.24%	0.03%	0.03%
	MSFT	C	6.1%	0.05%	0.05%
	MSI	C	0.14%	0.03%	0.03%
	MTB	B	0.05%	0.01%	0.01%
	MU	F	0.19%	0.03%	0.03%
	NDAQ	B	0.05%	0.02%	0.02%
	NEE	B	0.33%	0.0%	0.0%
	NEM	B	0.12%	0.01%	0.01%
	NFG	B	0.01%	0.01%	0.01%
	NI	B	0.03%	0.06%	0.03%
	NKE	D	0.19%	0.01%	0.01%
	NNN	B	0.02%	0.02%	0.02%
	NOC	B	0.15%	0.04%	0.04%
	NSC	C	0.11%	0.0%	0.0%
	NTAP	D	0.05%	0.02%	0.02%
	NTRS	B	0.04%	0.04%	0.04%
	NUE	F	0.07%	0.02%	0.02%
	NVDA	D	5.44%	0.03%	0.03%
	O	B	0.11%	0.01%	0.01%
	OC	C	0.03%	0.02%	0.02%
	OGE	B	0.02%	0.01%	0.01%
	OHI	A	0.02%	0.01%	0.01%
	OKE	B	0.1%	0.0%	0.0%
	OMC	A	0.04%	0.02%	0.02%
	ORCL	B	0.49%	0.06%	0.06%
	ORI	A	0.02%	0.03%	0.02%
	ORLY	B	0.13%	0.02%	0.02%
	OTIS	D	0.07%	0.07%	0.07%
	PCAR	D	0.09%	0.0%	0.0%
	PCG	C	0.08%	0.02%	0.02%
	PEG	B	0.08%	0.02%	0.02%
	PEP	C	0.47%	0.02%	0.02%
	PFE	C	0.32%	0.03%	0.03%
	PFG	B	0.04%	0.02%	0.02%
	PG	C	0.79%	0.02%	0.02%
	PH	B	0.15%	0.04%	0.04%
	PHM	B	0.06%	0.03%	0.03%
	PKG	B	0.04%	0.02%	0.02%
	PM	C	0.38%	0.02%	0.02%
	PNC	B	0.14%	0.02%	0.02%
	PNW	B	0.02%	0.02%	0.02%
	PPG	C	0.06%	0.01%	0.01%
	PPL	C	0.05%	0.04%	0.04%
	PRU	C	0.08%	0.01%	0.01%
	PSA	B	0.11%	0.01%	0.01%
	PSX	D	0.1%	0.01%	0.01%
	PVH	F	0.01%	0.03%	0.01%
	PYPL	B	0.14%	0.03%	0.03%
	QCOM	D	0.36%	0.02%	0.02%
	RF	B	0.04%	0.05%	0.04%
	RGA	B	0.03%	0.02%	0.02%
	RL	B	0.01%	0.03%	0.01%
	RNR	B	0.03%	0.02%	0.02%
	ROK	D	0.06%	0.02%	0.02%
	ROP	C	0.11%	0.01%	0.01%
	ROST	C	0.1%	0.02%	0.02%
	RPM	B	0.03%	0.02%	0.02%
	RPRX	C	0.02%	0.04%	0.02%
	RS	D	0.03%	0.02%	0.02%
	RSG	D	0.08%	0.01%	0.01%
	RTX	C	0.31%	0.02%	0.02%
	SBUX	C	0.21%	0.04%	0.04%
	SCCO	D	0.02%	0.0%	0.0%
	SCHW	D	0.18%	0.01%	0.01%
	SF	A	0.02%	0.05%	0.02%
	SHW	B	0.17%	0.02%	0.02%
	SJM	C	0.02%	0.05%	0.02%
	SLB	F	0.11%	0.02%	0.02%
	SNV	C	0.01%	0.02%	0.01%
	SNX	D	0.02%	0.03%	0.02%
	SO	B	0.19%	0.0%	0.0%
	SPG	B	0.1%	0.02%	0.02%
	SPGI	B	0.31%	0.04%	0.04%
	SRE	B	0.1%	0.02%	0.02%
	STLD	D	0.03%	0.02%	0.02%
	STT	A	0.05%	0.01%	0.01%
	STZ	C	0.08%	0.02%	0.02%
	SWK	B	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	C	0.04%	0.05%	0.04%
	SYK	C	0.23%	0.02%	0.02%
	SYY	D	0.07%	0.02%	0.02%
	T	B	0.3%	0.01%	0.01%
	TAP	C	0.02%	0.08%	0.02%
	TDY	C	0.04%	0.02%	0.02%
	TEL	D	0.09%	0.03%	0.03%
	TFC	D	0.11%	0.02%	0.02%
	TGT	C	0.13%	0.05%	0.05%
	THG	A	0.01%	0.03%	0.01%
	TJX	C	0.27%	0.02%	0.02%
	TKR	D	0.01%	0.02%	0.01%
	TMO	C	0.46%	0.03%	0.03%
	TMUS	C	0.19%	0.06%	0.06%
	TPR	C	0.02%	0.03%	0.02%
	TRMB	C	0.03%	0.02%	0.02%
	TSN	C	0.03%	0.02%	0.02%
	TT	B	0.16%	0.03%	0.03%
	TXN	C	0.35%	0.0%	0.0%
	TXT	D	0.03%	0.0%	0.0%
	UAL	B	0.03%	0.02%	0.02%
	UHS	B	0.02%	0.04%	0.02%
	UNH	C	1.06%	0.01%	0.01%
	UNM	B	0.02%	0.02%	0.02%
	UNP	B	0.29%	0.0%	0.0%
	UPS	D	0.18%	0.02%	0.02%
	USB	B	0.13%	0.03%	0.03%
	V	B	0.88%	0.09%	0.09%
	VFC	C	0.01%	0.04%	0.01%
	VLO	D	0.08%	0.03%	0.03%
	VMC	D	0.06%	0.03%	0.03%
	VNT	D	0.01%	0.03%	0.01%
	VOYA	A	0.01%	0.02%	0.01%
	VRSK	D	0.07%	0.05%	0.05%
	VRSN	D	0.03%	0.03%	0.03%
	VTR	C	0.05%	0.01%	0.01%
	VZ	B	0.36%	0.02%	0.02%
	WAB	A	0.06%	0.02%	0.02%
	WAL	B	0.02%	0.02%	0.02%
	WBA	F	0.01%	0.06%	0.01%
	WEC	B	0.06%	0.02%	0.02%
	WELL	B	0.15%	0.0%	0.0%
	WFC	D	0.36%	0.02%	0.02%
	WHR	D	0.01%	0.0%	0.0%
	WLK	D	0.01%	0.04%	0.01%
	WM	D	0.16%	0.02%	0.02%
	WMB	B	0.11%	0.03%	0.03%
	WMT	B	0.68%	0.03%	0.03%
	WPC	B	0.03%	0.02%	0.02%
	WU	D	0.01%	0.0%	0.0%
	XEL	A	0.07%	0.02%	0.02%
	XOM	D	0.96%	0.03%	0.03%
	ZBH	F	0.04%	0.01%	0.01%
	ZTS	B	0.17%	0.02%	0.02%

GUSA Overweight 595 Positions Relative to SCHJ

	Symbol	Grade	Weight
	META	A	2.23%
	GOOG	D	1.6%
	TSLA	C	1.22%
	BRK.A	C	1.12%
	NFLX	B	0.57%
	AMD	F	0.47%
	ACN	C	0.45%
	NOW	A	0.35%
	ISRG	C	0.33%
	PGR	A	0.29%
	UBER	C	0.28%
	ELV	C	0.25%
	VRTX	D	0.24%
	PLD	C	0.23%
	REGN	C	0.23%
	BX	B	0.21%
	PANW	D	0.21%
	MELI	B	0.19%
	KKR	B	0.16%
	ANET	B	0.16%
	CMG	C	0.15%
	PLTR	B	0.14%
	CTAS	C	0.14%
	CDNS	D	0.14%
	SNPS	D	0.14%
	TDG	B	0.14%
	FCX	D	0.12%
	GEV	B	0.12%
	CEG	C	0.12%
	ECL	B	0.12%
	AJG	C	0.12%
	TRV	B	0.11%
	CRWD	F	0.11%
	ABNB	D	0.1%
	WDAY	D	0.1%
	HLT	B	0.1%
	KVUE	B	0.09%
	FICO	A	0.09%
	APO	C	0.09%
	TTD	B	0.09%
	SPOT	B	0.09%
	URI	B	0.09%
	IT	B	0.08%
	FLUT	B	0.08%
	FAST	C	0.08%
	ACGL	B	0.08%
	CNC	C	0.08%
	LNG	D	0.08%
	IDXX	C	0.08%
	EW	F	0.08%
	F	D	0.08%
	DASH	C	0.08%
	IQV	C	0.08%
	CPRT	D	0.08%
	MPWR	C	0.08%
	PAYX	C	0.08%
	MSCI	C	0.08%
	BKR	D	0.07%
	IRM	B	0.07%
	HIG	A	0.07%
	VICI	C	0.07%
	SQ	D	0.07%
	MNST	C	0.07%
	OXY	F	0.07%
	SNOW	F	0.07%
	RMD	C	0.07%
	CBRE	A	0.07%
	ODFL	C	0.07%
	IR	C	0.07%
	GEHC	C	0.07%
	RCL	B	0.07%
	EXR	B	0.07%
	YUM	D	0.07%
	CTSH	C	0.07%
	AME	C	0.07%
	PWR	B	0.07%
	HWM	B	0.07%
	DDOG	D	0.06%
	VRT	C	0.06%
	MTD	D	0.06%
	VST	C	0.06%
	CDW	D	0.06%
	LULU	D	0.06%
	WTW	B	0.06%
	ON	D	0.06%
	TSCO	C	0.06%
	XYL	D	0.06%
	COIN	F	0.06%
	CSGP	D	0.06%
	VEEV	C	0.06%
	TRGP	B	0.06%
	GLW	B	0.06%
	ALNY	B	0.06%
	FSLR	C	0.05%
	WY	C	0.05%
	HUBS	D	0.05%
	DECK	C	0.05%
	STE	C	0.05%
	VLTO	C	0.05%
	TYL	C	0.05%
	TTWO	D	0.05%
	TEAM	F	0.05%
	ARES	B	0.05%
	SBAC	C	0.05%
	CPNG	B	0.05%
	GRMN	D	0.05%
	DXCM	F	0.05%
	AXON	B	0.05%
	ANSS	F	0.05%
	NVR	B	0.05%
	KHC	C	0.05%
	J	D	0.04%
	SUI	B	0.04%
	ULTA	D	0.04%
	TPL	C	0.04%
	EME	B	0.04%
	HOLX	B	0.04%
	GPC	D	0.04%
	WBD	D	0.04%
	WAT	C	0.04%
	BBY	B	0.04%
	DRI	C	0.04%
	TRU	B	0.04%
	STX	D	0.04%
	MKL	C	0.04%
	BAH	B	0.04%
	MDB	D	0.04%
	PTC	D	0.04%
	BALL	C	0.04%
	APP	B	0.04%
	GDDY	C	0.04%
	TER	D	0.04%
	MOH	C	0.04%
	WDC	D	0.04%
	CPAY	B	0.04%
	CINF	B	0.04%
	INVH	C	0.04%
	MSTR	D	0.04%
	CBOE	C	0.04%
	RBLX	B	0.04%
	WST	D	0.04%
	BLDR	C	0.04%
	RJF	C	0.04%
	NET	F	0.04%
	MRNA	F	0.04%
	SMCI	F	0.04%
	TROW	D	0.04%
	SW	B	0.04%
	ERIE	A	0.03%
	IBKR	B	0.03%
	CPT	B	0.03%
	GWRE	A	0.03%
	ACM	B	0.03%
	YUMC	D	0.03%
	DT	C	0.03%
	POOL	C	0.03%
	ELS	C	0.03%
	NDSN	C	0.03%
	TW	A	0.03%
	USFD	B	0.03%
	EQT	D	0.03%
	AMH	C	0.03%
	NTRA	B	0.03%
	UTHR	C	0.03%
	CVNA	B	0.03%
	GGG	C	0.03%
	VTRS	C	0.03%
	DPZ	F	0.03%
	CASY	D	0.03%
	NTNX	C	0.03%
	UDR	B	0.03%
	THC	B	0.03%
	LYV	B	0.03%
	SNA	B	0.03%
	ENPH	C	0.03%
	AKAM	D	0.03%
	MRO	D	0.03%
	ZS	F	0.03%
	PSTG	F	0.03%
	ROL	C	0.03%
	PNR	B	0.03%
	HEI	B	0.03%
	IEX	D	0.03%
	LPLA	D	0.03%
	TOL	B	0.03%
	FNF	A	0.03%
	BMRN	F	0.03%
	MANH	B	0.03%
	WSO	C	0.03%
	PODD	B	0.03%
	SSNC	B	0.03%
	EG	B	0.03%
	ENTG	D	0.03%
	NRG	C	0.03%
	EXPD	B	0.03%
	FDS	C	0.03%
	ALGN	D	0.03%
	PINS	F	0.03%
	ZM	C	0.03%
	CCL	C	0.03%
	ZBRA	B	0.03%
	MAS	B	0.03%
	WSM	C	0.03%
	AVY	D	0.03%
	DKNG	D	0.03%
	AVTR	B	0.03%
	WRB	C	0.03%
	BURL	B	0.03%
	AXTA	C	0.02%
	BRBR	B	0.02%
	SSD	C	0.02%
	FLR	D	0.02%
	AIT	C	0.02%
	HLI	B	0.02%
	HALO	B	0.02%
	MLI	B	0.02%
	BSY	D	0.02%
	WEX	C	0.02%
	FMC	C	0.02%
	ACI	F	0.02%
	FYBR	C	0.02%
	MORN	C	0.02%
	CZR	C	0.02%
	CIEN	C	0.02%
	AYI	B	0.02%
	NCLH	C	0.02%
	TKO	B	0.02%
	X	D	0.02%
	BFAM	C	0.02%
	LNW	B	0.02%
	HSIC	C	0.02%
	GLOB	D	0.02%
	OWL	C	0.02%
	COLD	D	0.02%
	CHRD	F	0.02%
	NYT	C	0.02%
	MEDP	D	0.02%
	ENSG	C	0.02%
	KNX	C	0.02%
	DUOL	B	0.02%
	FN	D	0.02%
	GNRC	D	0.02%
	CHE	C	0.02%
	KBR	D	0.02%
	TPX	C	0.02%
	PSN	B	0.02%
	EVR	B	0.02%
	APA	F	0.02%
	DCI	D	0.02%
	CHK	D	0.02%
	PAYC	D	0.02%
	TTC	D	0.02%
	CG	C	0.02%
	EGP	B	0.02%
	DAY	D	0.02%
	DVA	B	0.02%
	INGR	A	0.02%
	PRI	B	0.02%
	SKX	C	0.02%
	BWXT	D	0.02%
	MGM	D	0.02%
	RIVN	F	0.02%
	GPK	B	0.02%
	OLED	C	0.02%
	Z	B	0.02%
	LW	D	0.02%
	MTCH	C	0.02%
	ROKU	C	0.02%
	EHC	B	0.02%
	GL	C	0.02%
	EXP	B	0.02%
	IOT	A	0.02%
	GMED	D	0.02%
	OVV	D	0.02%
	RGLD	B	0.02%
	MKTX	C	0.02%
	ARMK	B	0.02%
	AFG	B	0.02%
	SOLV	C	0.02%
	ONTO	F	0.02%
	AOS	C	0.02%
	CHDN	C	0.02%
	TWLO	D	0.02%
	SNAP	F	0.02%
	WWD	D	0.02%
	WMS	D	0.02%
	TOST	B	0.02%
	ATR	B	0.02%
	CRL	D	0.02%
	NWSA	D	0.02%
	DOX	C	0.02%
	QRVO	F	0.02%
	LECO	F	0.02%
	MUSA	C	0.02%
	SFM	B	0.02%
	COHR	B	0.02%
	RRX	C	0.02%
	KNSL	C	0.02%
	FTI	D	0.02%
	LKQ	D	0.02%
	QGEN	B	0.02%
	CACI	B	0.02%
	HEI	B	0.02%
	WTRG	D	0.02%
	CTLT	B	0.02%
	AFRM	C	0.02%
	NVT	D	0.02%
	HOOD	C	0.02%
	REXR	C	0.02%
	BJ	D	0.02%
	CCK	A	0.02%
	SRPT	F	0.02%
	TXRH	D	0.02%
	ITT	C	0.02%
	PFGC	B	0.02%
	EWBC	C	0.02%
	LAMR	A	0.02%
	EPAM	D	0.02%
	DOCU	C	0.02%
	SCI	B	0.02%
	SAIA	D	0.02%
	TFX	C	0.02%
	CHRW	B	0.02%
	WING	B	0.02%
	TECH	C	0.02%
	EXAS	C	0.02%
	INSM	D	0.02%
	OKTA	F	0.02%
	CW	B	0.02%
	NBIX	F	0.02%
	INCY	C	0.02%
	IPG	C	0.02%
	FND	C	0.02%
	PCVX	B	0.02%
	JLL	B	0.02%
	TTEK	C	0.02%
	BLD	D	0.02%
	FIX	B	0.02%
	DKS	D	0.02%
	FFIV	A	0.02%
	CLH	B	0.02%
	REG	C	0.02%
	XPO	D	0.02%
	KMX	D	0.02%
	JKHY	B	0.02%
	ZI	D	0.01%
	BBIO	D	0.01%
	BROS	D	0.01%
	CACC	D	0.01%
	PAG	D	0.01%
	ZG	B	0.01%
	CRVL	B	0.01%
	DDS	D	0.01%
	HESM	C	0.01%
	COLM	B	0.01%
	GFS	F	0.01%
	CNXC	D	0.01%
	RIG	F	0.01%
	TNET	D	0.01%
	STNG	D	0.01%
	DNB	C	0.01%
	ATKR	F	0.01%
	COTY	F	0.01%
	LCID	C	0.01%
	APLS	F	0.01%
	AMKR	F	0.01%
	PBF	F	0.01%
	NSA	B	0.01%
	SLAB	D	0.01%
	LANC	D	0.01%
	CHH	C	0.01%
	MSM	D	0.01%
	ENLC	B	0.01%
	HUN	D	0.01%
	WMG	D	0.01%
	IAC	C	0.01%
	M	F	0.01%
	SIG	C	0.01%
	RYN	C	0.01%
	MGY	C	0.01%
	SLGN	B	0.01%
	LYFT	D	0.01%
	SWX	C	0.01%
	HCP	A	0.01%
	ASGN	D	0.01%
	APPF	D	0.01%
	GAP	F	0.01%
	BYD	C	0.01%
	CNM	F	0.01%
	DLB	D	0.01%
	CHWY	C	0.01%
	FLO	C	0.01%
	CIVI	F	0.01%
	EEFT	D	0.01%
	ASH	D	0.01%
	W	D	0.01%
	CPRI	D	0.01%
	PII	D	0.01%
	RMBS	F	0.01%
	CFLT	F	0.01%
	SUM	C	0.01%
	FFIN	B	0.01%
	TENB	D	0.01%
	OZK	D	0.01%
	SM	D	0.01%
	QLYS	F	0.01%
	ABG	F	0.01%
	FOUR	C	0.01%
	TPG	B	0.01%
	GATX	D	0.01%
	PCOR	F	0.01%
	RH	B	0.01%
	SEE	D	0.01%
	FOX	B	0.01%
	GTLS	F	0.01%
	DOCS	B	0.01%
	PATH	D	0.01%
	ALTR	C	0.01%
	GBCI	B	0.01%
	UBSI	B	0.01%
	U	D	0.01%
	MUR	D	0.01%
	AM	B	0.01%
	UGI	C	0.01%
	MASI	D	0.01%
	CELH	F	0.01%
	SN	B	0.01%
	HXL	F	0.01%
	OLN	D	0.01%
	PARA	F	0.01%
	NXST	D	0.01%
	THO	D	0.01%
	IDA	B	0.01%
	OGN	D	0.01%
	BILL	D	0.01%
	ST	D	0.01%
	MDU	B	0.01%
	WTS	C	0.01%
	FIVE	D	0.01%
	HLNE	B	0.01%
	IBP	C	0.01%
	ALK	C	0.01%
	VVV	D	0.01%
	EXPO	B	0.01%
	MMS	D	0.01%
	SON	C	0.01%
	OMF	C	0.01%
	OPCH	C	0.01%
	SIGI	C	0.01%
	VMI	D	0.01%
	CHX	D	0.01%
	BPMC	D	0.01%
	GME	F	0.01%
	MTSI	D	0.01%
	XRAY	D	0.01%
	DAR	F	0.01%
	CLF	F	0.01%
	ESAB	C	0.01%
	MTDR	D	0.01%
	ESI	D	0.01%
	POST	C	0.01%
	AGCO	D	0.01%
	PR	D	0.01%
	SRCL	A	0.01%
	CYTK	F	0.01%
	AA	D	0.01%
	S	C	0.01%
	ONB	C	0.01%
	GTLB	D	0.01%
	EXLS	C	0.01%
	AAON	B	0.01%
	INSP	C	0.01%
	IONS	F	0.01%
	CMC	D	0.01%
	DBX	D	0.01%
	RHP	D	0.01%
	STWD	A	0.01%
	APG	D	0.01%
	BRKR	D	0.01%
	AXS	B	0.01%
	LEA	D	0.01%
	NOVT	D	0.01%
	RLI	B	0.01%
	LSCC	D	0.01%
	FLS	D	0.01%
	WH	B	0.01%
	LFUS	D	0.01%
	VKTX	C	0.01%
	ESTC	F	0.01%
	RYAN	C	0.01%
	BBWI	F	0.01%
	NOV	D	0.01%
	SITE	D	0.01%
	AZEK	C	0.01%
	LPX	B	0.01%
	ELF	F	0.01%
	WTFC	B	0.01%
	CFR	C	0.01%
	CRBG	D	0.01%
	WFRD	F	0.01%
	MAT	C	0.01%
	BIO	C	0.01%
	MTN	D	0.01%
	LSTR	D	0.01%
	MSA	C	0.01%
	HQY	C	0.01%
	OSK	D	0.01%
	PB	B	0.01%
	ETSY	F	0.01%
	JAZZ	D	0.01%
	RHI	D	0.01%
	ESNT	B	0.01%
	RVMD	C	0.01%
	SEIC	B	0.01%
	CGNX	D	0.01%
	COKE	C	0.01%
	ITCI	D	0.01%
	ZION	D	0.01%
	SWN	D	0.01%
	DINO	D	0.01%
	EXEL	B	0.01%
	GNTX	F	0.01%
	ANF	D	0.01%
	PEN	D	0.01%
	BPOP	C	0.01%
	KEX	C	0.01%
	SMAR	B	0.01%
	AAL	D	0.01%
	RRC	D	0.01%
	LBRDK	D	0.01%
	UHAL	B	0.01%
	PCTY	C	0.01%
	MIDD	C	0.01%
	SPSC	D	0.01%
	ACHC	C	0.01%
	SAIC	C	0.01%
	MKSI	F	0.01%
	ALV	F	0.01%
	CRUS	D	0.01%
	LNTH	C	0.01%
	MTZ	B	0.01%
	ELAN	D	0.01%
	PNFP	B	0.01%
	PLNT	A	0.01%
	SSB	B	0.01%
	WCC	C	0.01%
	AGNC	A	0.01%
	TREX	F	0.01%
	STAG	C	0.01%
	SOFI	C	0.01%
	RGEN	F	0.01%
	WSC	D	0.01%
	MTH	B	0.01%
	CR	C	0.01%
	AR	D	0.01%
	CBSH	C	0.01%
	UFPI	C	0.01%
	FR	C	0.01%
	DTM	B	0.01%
	ATI	C	0.01%
	RBC	C	0.01%
	LAD	C	0.01%
	ALSN	B	0.01%
	ADC	C	0.01%
	WBS	C	0.01%
	WYNN	D	0.01%
	CROX	C	0.01%
	FCN	C	0.01%
	BLCO	B	0.0%
	UHAL	B	0.0%
	DJT	F	0.0%
	UWMC	C	0.0%
	CWEN	B	0.0%
	NFE	F	0.0%
	LBRDA	D	0.0%
	BIRK	D	0.0%
	INFA	D	0.0%
	ALGM	F	0.0%
	PPC	D	0.0%
	KNTK	B	0.0%
	IMVT	D	0.0%
	RDDT	D	0.0%
	REYN	C	0.0%
	LEVI	C	0.0%
	IPGP	F	0.0%
	NWS	D	0.0%
	RCM	C	0.0%
	IPAR	D	0.0%
	CLVT	D	0.0%
	IGT	D	0.0%
	EDR	A	0.0%
	RKT	B	0.0%
	BOKF	B	0.0%
	CWEN	B	0.0%
	ADTN	F	0.0%

GUSA Underweight 63 Positions Relative to SCHJ

	Symbol	Grade	Weight
	BABA	C	-0.09%
	STLA	F	-0.07%
	DXC	C	-0.04%
	BHP	D	-0.04%
	GSK	C	-0.04%
	HP	D	-0.03%
	KMPR	D	-0.03%
	MAIN	C	-0.03%
	GP	D	-0.03%
	TME	F	-0.03%
	WB	F	-0.03%
	OPI	F	-0.03%
	JD	D	-0.03%
	AWH	F	-0.03%
	BKU	C	-0.03%
	CNO	B	-0.03%
	AVT	D	-0.03%
	EPD	A	-0.03%
	ARCC	C	-0.03%
	BIDU	F	-0.03%
	HSBC	B	-0.03%
	TSLX	D	-0.02%
	TCPC	F	-0.02%
	FNB	D	-0.02%
	VLY	C	-0.02%
	LEG	D	-0.02%
	KSS	F	-0.02%
	SBRA	B	-0.02%
	OCSL	D	-0.02%
	HTGC	C	-0.02%
	NEU	D	-0.02%
	BCSF	B	-0.02%
	PSEC	C	-0.02%
	AGO	C	-0.02%
	GBDC	C	-0.02%
	LAZ	A	-0.02%
	GSBD	D	-0.02%
	BKH	B	-0.02%
	SLG	B	-0.02%
	R	B	-0.02%
	SITC	D	-0.02%
	LH	B	-0.02%
	NXPI	D	-0.02%
	CM	B	-0.02%
	VOD	B	-0.02%
	AER	C	-0.02%
	BNS	A	-0.02%
	DB	B	-0.02%
	RY	B	-0.02%
	MUFG	D	-0.02%
	NWG	B	-0.02%
	VNO	B	-0.01%
	PDM	B	-0.01%
	CP	B	-0.01%
	WRK	C	-0.01%
	OGS	B	-0.01%
	PAA	D	-0.01%
	BMO	C	-0.01%
	TD	A	-0.01%
	AZN	D	-0.01%
	BDN	B	-0.0%
	FSK	A	-0.0%
	MPLX	A	-0.0%

GUSA: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Banking Bank Chemical Aerospace Electricity Real Estate Investment Trust Medicine Mining Semiconductor Telecommunications Dow Jones Component Biotechnology IBD 50 Insurance Products

SCHJ: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Drug Manufacturers - Major Credit Services Diversified Industrials Semiconductors REIT - Office Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas E&P Packaged Foods REIT - Retail Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability