GUSA vs. SPYG ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG)

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

$49.58

Average Daily Volume

160

Number of Holdings ^*

972

* may have additional holdings in another (foreign) market

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.84

Average Daily Volume

1,975,336

Number of Holdings ^*

231

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	SPYG
30 Days	2.04%	6.30%
60 Days	11.45%	13.07%
90 Days	4.08%	0.02%
12 Months	36.49%	40.79%

230 Overlapping Holdings

Symbol	Grade	Weight in GUSA	Weight in SPYG	Overlap
AAPL	C	6.23%	12.81%	6.23%
ABBV	C	0.66%	0.47%	0.47%
ABNB	D	0.1%	0.1%	0.1%
ACGL	A	0.08%	0.15%	0.08%
ACN	B	0.45%	0.43%	0.43%
ADBE	F	0.43%	0.83%	0.43%
ADI	B	0.22%	0.24%	0.22%
ADP	A	0.22%	0.16%	0.16%
ADSK	B	0.11%	0.11%	0.11%
AJG	C	0.12%	0.11%	0.11%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.03%	0.04%	0.03%
ALLE	A	0.02%	0.02%	0.02%
AMAT	C	0.31%	0.61%	0.31%
AMD	C	0.49%	0.96%	0.49%
AME	C	0.07%	0.07%	0.07%
AMP	A	0.09%	0.09%	0.09%
AMT	D	0.21%	0.16%	0.16%
AMZN	C	3.28%	6.29%	3.28%
ANET	A	0.17%	0.36%	0.17%
ANSS	D	0.05%	0.06%	0.05%
AON	A	0.13%	0.14%	0.13%
AOS	C	0.02%	0.02%	0.02%
APA	F	0.02%	0.03%	0.02%
APH	D	0.14%	0.16%	0.14%
AVGO	B	1.45%	2.9%	1.45%
AXON	A	0.05%	0.1%	0.05%
AXP	A	0.29%	0.39%	0.29%
AZO	D	0.1%	0.13%	0.1%
BA	F	0.17%	0.14%	0.14%
BKNG	B	0.27%	0.51%	0.27%
BLDR	C	0.05%	0.08%	0.05%
BR	B	0.05%	0.05%	0.05%
BRO	A	0.05%	0.07%	0.05%
BSX	A	0.24%	0.25%	0.24%
BX	C	0.2%	0.29%	0.2%
CARR	A	0.12%	0.12%	0.12%
CAT	A	0.37%	0.4%	0.37%
CBOE	B	0.04%	0.05%	0.04%
CCL	C	0.03%	0.05%	0.03%
CDNS	D	0.14%	0.27%	0.14%
CDW	D	0.06%	0.05%	0.05%
CE	D	0.03%	0.05%	0.03%
CEG	A	0.16%	0.13%	0.13%
CF	A	0.03%	0.03%	0.03%
CHD	D	0.05%	0.04%	0.04%
CHTR	D	0.06%	0.05%	0.05%
CL	D	0.16%	0.12%	0.12%
CME	A	0.15%	0.1%	0.1%
CMG	C	0.15%	0.29%	0.15%
COP	D	0.24%	0.31%	0.24%
COST	C	0.74%	0.6%	0.6%
CPAY	A	0.04%	0.08%	0.04%
CPRT	B	0.08%	0.17%	0.08%
CRM	B	0.49%	0.96%	0.49%
CRWD	D	0.12%	0.23%	0.12%
CSGP	F	0.06%	0.05%	0.05%
CSX	D	0.13%	0.12%	0.12%
CTAS	C	0.13%	0.14%	0.13%
CTRA	D	0.03%	0.04%	0.03%
CZR	B	0.02%	0.02%	0.02%
DAL	C	0.06%	0.07%	0.06%
DAY	C	0.02%	0.02%	0.02%
DE	C	0.2%	0.22%	0.2%
DECK	B	0.05%	0.09%	0.05%
DELL	C	0.06%	0.07%	0.06%
DFS	A	0.06%	0.07%	0.06%
DHI	C	0.11%	0.2%	0.11%
DLR	C	0.1%	0.07%	0.07%
DPZ	D	0.03%	0.02%	0.02%
DRI	C	0.04%	0.04%	0.04%
DVA	C	0.02%	0.02%	0.02%
DXCM	F	0.05%	0.06%	0.05%
EA	D	0.07%	0.05%	0.05%
ECL	C	0.12%	0.12%	0.12%
EFX	D	0.07%	0.05%	0.05%
ENPH	F	0.03%	0.02%	0.02%
EOG	B	0.14%	0.17%	0.14%
EPAM	F	0.02%	0.02%	0.02%
EQIX	C	0.16%	0.14%	0.14%
ERIE	A	0.03%	0.03%	0.03%
ETN	B	0.25%	0.3%	0.25%
EW	F	0.07%	0.05%	0.05%
EXPD	D	0.03%	0.02%	0.02%
EXPE	B	0.04%	0.07%	0.04%
FANG	D	0.06%	0.11%	0.06%
FAST	C	0.08%	0.07%	0.07%
FCX	B	0.14%	0.13%	0.13%
FDS	C	0.03%	0.03%	0.03%
FI	A	0.2%	0.19%	0.19%
FICO	C	0.09%	0.17%	0.09%
FTNT	A	0.09%	0.18%	0.09%
FTV	C	0.05%	0.1%	0.05%
GDDY	B	0.04%	0.08%	0.04%
GE	B	0.39%	0.32%	0.32%
GEV	A	0.13%	0.11%	0.11%
GNRC	B	0.02%	0.02%	0.02%
GOOG	B	1.68%	2.9%	1.68%
GOOGL	B	1.87%	3.51%	1.87%
GRMN	D	0.05%	0.05%	0.05%
GWW	B	0.08%	0.13%	0.08%
HCA	C	0.15%	0.13%	0.13%
HD	A	0.77%	0.54%	0.54%
HES	D	0.07%	0.14%	0.07%
HLT	A	0.11%	0.21%	0.11%
HST	D	0.02%	0.03%	0.02%
HSY	D	0.05%	0.04%	0.04%
HUBB	A	0.04%	0.04%	0.04%
HWM	A	0.08%	0.09%	0.08%
IDXX	D	0.08%	0.08%	0.08%
INTU	F	0.32%	0.63%	0.32%
IQV	F	0.08%	0.06%	0.06%
IR	A	0.08%	0.11%	0.08%
IRM	B	0.07%	0.06%	0.06%
ISRG	C	0.32%	0.42%	0.32%
IT	A	0.07%	0.14%	0.07%
ITW	C	0.15%	0.12%	0.12%
JBL	C	0.03%	0.03%	0.03%
KKR	A	0.17%	0.32%	0.17%
KLAC	B	0.19%	0.38%	0.19%
KO	C	0.53%	0.39%	0.39%
LEN	C	0.0%	0.09%	0.0%
LEN	C	0.09%	0.09%	0.09%
LIN	C	0.44%	0.43%	0.43%
LLY	D	1.43%	2.53%	1.43%
LRCX	D	0.2%	0.38%	0.2%
LULU	D	0.06%	0.11%	0.06%
LVS	B	0.04%	0.04%	0.04%
LW	D	0.02%	0.02%	0.02%
LYV	A	0.03%	0.06%	0.03%
MA	A	0.78%	1.06%	0.78%
MAR	A	0.11%	0.21%	0.11%
MAS	C	0.03%	0.04%	0.03%
MCD	A	0.42%	0.35%	0.35%
MCHP	F	0.08%	0.09%	0.08%
MCO	D	0.14%	0.13%	0.13%
MDLZ	D	0.19%	0.15%	0.15%
META	A	2.42%	4.52%	2.42%
MGM	D	0.02%	0.02%	0.02%
MLM	F	0.06%	0.08%	0.06%
MMC	D	0.21%	0.21%	0.21%
MNST	D	0.07%	0.08%	0.07%
MOH	F	0.04%	0.04%	0.04%
MPC	D	0.11%	0.11%	0.11%
MPWR	B	0.08%	0.16%	0.08%
MRK	F	0.56%	0.42%	0.42%
MRO	B	0.03%	0.03%	0.03%
MSCI	B	0.09%	0.09%	0.09%
MSFT	D	5.89%	11.57%	5.89%
MSI	A	0.14%	0.16%	0.14%
MTD	C	0.06%	0.04%	0.04%
NCLH	C	0.02%	0.03%	0.02%
NFLX	A	0.57%	1.1%	0.57%
NKE	D	0.21%	0.17%	0.17%
NOW	B	0.34%	0.67%	0.34%
NTAP	D	0.05%	0.03%	0.03%
NUE	D	0.07%	0.08%	0.07%
NVDA	B	5.28%	10.8%	5.28%
NVR	C	0.06%	0.11%	0.06%
ODFL	F	0.07%	0.14%	0.07%
OKE	A	0.1%	0.12%	0.1%
ON	F	0.06%	0.05%	0.05%
ORCL	A	0.5%	0.99%	0.5%
ORLY	A	0.13%	0.18%	0.13%
OTIS	A	0.08%	0.06%	0.06%
PANW	B	0.2%	0.4%	0.2%
PAYC	D	0.02%	0.01%	0.01%
PAYX	B	0.09%	0.06%	0.06%
PCAR	D	0.1%	0.14%	0.1%
PEP	F	0.45%	0.3%	0.3%
PG	D	0.78%	0.57%	0.57%
PGR	B	0.28%	0.27%	0.27%
PH	A	0.15%	0.23%	0.15%
PHM	C	0.06%	0.11%	0.06%
PLTR	A	0.14%	0.27%	0.14%
PM	D	0.36%	0.25%	0.25%
PNR	C	0.03%	0.04%	0.03%
PODD	C	0.03%	0.02%	0.02%
POOL	D	0.03%	0.03%	0.03%
PSA	C	0.11%	0.09%	0.09%
PTC	B	0.04%	0.05%	0.04%
PWR	A	0.08%	0.11%	0.08%
QCOM	D	0.35%	0.36%	0.35%
RCL	B	0.07%	0.15%	0.07%
REGN	D	0.21%	0.24%	0.21%
RL	B	0.01%	0.02%	0.01%
ROK	D	0.06%	0.05%	0.05%
ROL	C	0.03%	0.02%	0.02%
ROP	D	0.11%	0.09%	0.09%
ROST	D	0.09%	0.18%	0.09%
RSG	D	0.08%	0.08%	0.08%
SBAC	C	0.05%	0.04%	0.04%
SBUX	B	0.21%	0.24%	0.21%
SHW	C	0.17%	0.16%	0.16%
SNA	C	0.03%	0.02%	0.02%
SNPS	F	0.14%	0.28%	0.14%
SPG	A	0.1%	0.07%	0.07%
SPGI	C	0.31%	0.26%	0.26%
STE	D	0.04%	0.05%	0.04%
STLD	C	0.04%	0.04%	0.04%
STX	C	0.04%	0.03%	0.03%
SYK	C	0.22%	0.29%	0.22%
TDG	A	0.15%	0.29%	0.15%
TJX	D	0.26%	0.31%	0.26%
TMO	D	0.45%	0.32%	0.32%
TRGP	A	0.06%	0.12%	0.06%
TSCO	A	0.06%	0.05%	0.05%
TSLA	C	1.35%	2.62%	1.35%
TT	A	0.17%	0.22%	0.17%
TTWO	D	0.05%	0.05%	0.05%
TXN	C	0.35%	0.25%	0.25%
TYL	D	0.05%	0.09%	0.05%
UBER	C	0.29%	0.57%	0.29%
ULTA	D	0.04%	0.04%	0.04%
UNH	B	1.02%	0.74%	0.74%
UNP	F	0.29%	0.24%	0.24%
URI	C	0.1%	0.2%	0.1%
V	B	0.84%	1.1%	0.84%
VMC	D	0.06%	0.08%	0.06%
VRSK	D	0.07%	0.08%	0.07%
VRSN	C	0.03%	0.03%	0.03%
VRTX	D	0.23%	0.28%	0.23%
VST	A	0.08%	0.15%	0.08%
WAT	B	0.04%	0.03%	0.03%
WM	B	0.16%	0.13%	0.13%
WMB	A	0.11%	0.08%	0.08%
WST	D	0.04%	0.08%	0.04%
WYNN	B	0.02%	0.03%	0.02%
YUM	C	0.07%	0.07%	0.07%
ZTS	C	0.17%	0.18%	0.17%

GUSA Overweight 742 Positions Relative to SPYG

Symbol	Grade	Weight
BRK.A	B	1.13%
JPM	C	1.13%
XOM	A	1.03%
JNJ	D	0.74%
WMT	A	0.68%
BAC	B	0.51%
CVX	B	0.48%
CSCO	A	0.41%
ABT	C	0.38%
IBM	A	0.38%
WFC	B	0.37%
VZ	C	0.36%
DHR	D	0.35%
AMGN	D	0.33%
DIS	D	0.33%
NEE	C	0.33%
CMCSA	B	0.31%
PFE	D	0.31%
RTX	A	0.31%
LOW	C	0.3%
GS	B	0.3%
T	B	0.3%
LMT	A	0.28%
HON	C	0.26%
BLK	A	0.26%
MS	A	0.25%
CB	A	0.23%
ELV	F	0.23%
C	B	0.22%
PLD	D	0.22%
MDT	C	0.22%
BMY	A	0.21%
MU	D	0.21%
GILD	A	0.2%
MELI	D	0.19%
CI	D	0.19%
SO	A	0.19%
TMUS	A	0.19%
SCHW	D	0.18%
INTC	D	0.18%
UPS	D	0.18%
MO	D	0.17%
DUK	C	0.17%
ICE	A	0.17%
WELL	C	0.15%
CVS	D	0.15%
NOC	B	0.15%
PYPL	A	0.15%
PNC	C	0.14%
MMM	C	0.14%
USB	C	0.13%
GD	C	0.13%
BDX	C	0.13%
TGT	C	0.13%
FDX	F	0.12%
SLB	D	0.12%
EMR	B	0.12%
NEM	C	0.12%
APD	C	0.12%
MCK	F	0.12%
COF	A	0.11%
TFC	D	0.11%
NSC	C	0.11%
PSX	D	0.11%
AFL	A	0.11%
MRVL	C	0.11%
WDAY	D	0.1%
JCI	C	0.1%
CCI	D	0.1%
GM	D	0.1%
SRE	C	0.1%
APO	A	0.1%
BK	A	0.1%
SPOT	C	0.1%
AEP	C	0.1%
TRV	B	0.1%
O	C	0.1%
VLO	F	0.09%
PEG	A	0.09%
DASH	A	0.09%
LHX	A	0.09%
FIS	A	0.09%
KMB	D	0.09%
TTD	A	0.09%
AIG	C	0.09%
MET	A	0.09%
D	A	0.09%
ALL	A	0.09%
SYY	D	0.08%
KDP	C	0.08%
CNC	F	0.08%
CTVA	A	0.08%
EXC	C	0.08%
STZ	D	0.08%
LNG	A	0.08%
FLUT	B	0.08%
F	D	0.08%
PCG	C	0.08%
GIS	C	0.08%
A	B	0.08%
PRU	B	0.08%
KVUE	C	0.08%
KMI	A	0.08%
CMI	A	0.08%
HPQ	B	0.07%
GLW	C	0.07%
ALNY	C	0.07%
RMD	C	0.07%
SNOW	F	0.07%
HIG	A	0.07%
XEL	C	0.07%
ED	C	0.07%
SQ	D	0.07%
OXY	D	0.07%
BKR	B	0.07%
EXR	D	0.07%
CTSH	B	0.07%
KR	C	0.07%
COR	F	0.07%
CBRE	C	0.07%
DOW	B	0.07%
GEHC	C	0.07%
ADM	F	0.06%
DDOG	B	0.06%
WEC	B	0.06%
PPG	D	0.06%
VEEV	C	0.06%
WTW	C	0.06%
AVB	C	0.06%
XYL	C	0.06%
WAB	A	0.06%
COIN	F	0.06%
VRT	B	0.06%
EBAY	A	0.06%
DD	C	0.06%
HUM	F	0.06%
EIX	C	0.06%
VICI	C	0.06%
TROW	D	0.05%
APP	A	0.05%
MSTR	B	0.05%
FE	C	0.05%
VLTO	A	0.05%
LYB	B	0.05%
FSLR	C	0.05%
WY	C	0.05%
PPL	C	0.05%
DVN	F	0.05%
TEAM	D	0.05%
SW	C	0.05%
EQR	C	0.05%
VTR	C	0.05%
HUBS	D	0.05%
HPE	B	0.05%
GPN	F	0.05%
DOV	C	0.05%
IFF	D	0.05%
STT	A	0.05%
DTE	B	0.05%
CPNG	C	0.05%
HAL	D	0.05%
CAH	B	0.05%
NDAQ	C	0.05%
KEYS	B	0.05%
ARES	A	0.05%
BIIB	F	0.05%
KHC	F	0.05%
ETR	A	0.05%
AWK	D	0.05%
MTB	A	0.05%
FITB	C	0.05%
ARE	D	0.04%
WSM	C	0.04%
DG	F	0.04%
WBD	F	0.04%
MAA	D	0.04%
UAL	A	0.04%
ESS	D	0.04%
ZBRA	B	0.04%
BAX	D	0.04%
HOLX	D	0.04%
LII	C	0.04%
CNP	B	0.04%
PKG	B	0.04%
APTV	D	0.04%
NRG	A	0.04%
GPC	D	0.04%
PINS	D	0.04%
INVH	D	0.04%
BBY	C	0.04%
SYF	A	0.04%
TER	C	0.04%
TRU	C	0.04%
PFG	A	0.04%
EME	B	0.04%
MKL	B	0.04%
OMC	C	0.04%
ILMN	B	0.04%
TDY	A	0.04%
CLX	C	0.04%
EL	D	0.04%
HBAN	B	0.04%
RF	B	0.04%
BALL	C	0.04%
FCNCA	D	0.04%
ATO	A	0.04%
K	B	0.04%
RBLX	D	0.04%
TPL	A	0.04%
BAH	C	0.04%
CMS	A	0.04%
MRNA	F	0.04%
CINF	A	0.04%
MKC	C	0.04%
CSL	A	0.04%
WDC	C	0.04%
ZBH	F	0.04%
NET	D	0.04%
LDOS	A	0.04%
AEE	A	0.04%
RJF	B	0.04%
ES	D	0.04%
BMRN	F	0.03%
JKHY	A	0.03%
FLEX	B	0.03%
EMN	C	0.03%
GLPI	C	0.03%
WPC	C	0.03%
NTNX	C	0.03%
DT	B	0.03%
BG	F	0.03%
UDR	C	0.03%
FIX	A	0.03%
EQH	B	0.03%
VTRS	D	0.03%
NTRA	A	0.03%
ACM	A	0.03%
GWRE	A	0.03%
JBHT	D	0.03%
EVRG	C	0.03%
DLTR	F	0.03%
USFD	C	0.03%
CASY	D	0.03%
NDSN	C	0.03%
IBKR	A	0.03%
RNR	A	0.03%
RGA	B	0.03%
AES	C	0.03%
TW	A	0.03%
GGG	C	0.03%
THC	D	0.03%
UTHR	C	0.03%
ZS	F	0.03%
L	C	0.03%
GEN	A	0.03%
EQT	C	0.03%
PSTG	F	0.03%
TRMB	B	0.03%
KIM	C	0.03%
OC	C	0.03%
KEY	B	0.03%
SWKS	F	0.03%
HEI	C	0.03%
RVTY	C	0.03%
RPM	A	0.03%
LNT	B	0.03%
NI	A	0.03%
CAG	D	0.03%
FNF	C	0.03%
DOC	C	0.03%
SSNC	C	0.03%
IEX	D	0.03%
TOL	C	0.03%
RS	D	0.03%
ENTG	D	0.03%
AMCR	C	0.03%
SUI	D	0.03%
J	F	0.03%
TXT	F	0.03%
SWK	C	0.03%
AVTR	D	0.03%
MANH	A	0.03%
WSO	C	0.03%
BURL	C	0.03%
TSN	D	0.03%
EG	A	0.03%
IP	C	0.03%
DGX	D	0.03%
CVNA	A	0.03%
LPLA	D	0.03%
CHK	C	0.03%
WRB	C	0.03%
ZM	B	0.03%
AVY	D	0.03%
DKNG	C	0.03%
LUV	B	0.03%
MDB	D	0.03%
YUMC	B	0.03%
CFG	C	0.03%
NTRS	B	0.03%
MEDP	F	0.02%
COLD	D	0.02%
X	F	0.02%
ENSG	D	0.02%
FCN	C	0.02%
VOYA	A	0.02%
AXTA	C	0.02%
BSY	D	0.02%
FLR	B	0.02%
UFPI	C	0.02%
RBC	C	0.02%
BFAM	C	0.02%
AR	C	0.02%
CHRD	F	0.02%
ATI	C	0.02%
BWA	C	0.02%
HLI	A	0.02%
SSD	B	0.02%
BRBR	A	0.02%
GLOB	D	0.02%
MLI	B	0.02%
MORN	B	0.02%
FMC	C	0.02%
FHN	D	0.02%
OGE	C	0.02%
KNX	D	0.02%
WEX	C	0.02%
HSIC	D	0.02%
FN	B	0.02%
MHK	C	0.02%
BRX	C	0.02%
FRT	D	0.02%
CROX	C	0.02%
ALSN	A	0.02%
NYT	C	0.02%
AIT	B	0.02%
CNH	C	0.02%
TKO	A	0.02%
LAD	C	0.02%
CHE	D	0.02%
SNX	C	0.02%
MOS	F	0.02%
EGP	D	0.02%
HRB	C	0.02%
CIEN	A	0.02%
DCI	B	0.02%
KBR	A	0.02%
EVR	C	0.02%
OLED	B	0.02%
NNN	C	0.02%
TPX	C	0.02%
ORI	A	0.02%
SKX	B	0.02%
TTC	F	0.02%
LBRDK	C	0.02%
PSN	A	0.02%
INGR	B	0.02%
WAL	C	0.02%
GPK	D	0.02%
OWL	A	0.02%
IOT	C	0.02%
ROKU	C	0.02%
HRL	F	0.02%
SOLV	C	0.02%
GL	C	0.02%
SF	A	0.02%
CPB	D	0.02%
PRI	A	0.02%
RGLD	C	0.02%
QRVO	F	0.02%
AYI	A	0.02%
CHDN	C	0.02%
HAS	A	0.02%
CG	B	0.02%
AFRM	C	0.02%
ALLY	F	0.02%
MKTX	B	0.02%
MUSA	D	0.02%
EHC	C	0.02%
GMED	B	0.02%
ARMK	C	0.02%
AFG	A	0.02%
FOXA	B	0.02%
EXP	C	0.02%
ONTO	B	0.02%
CRL	F	0.02%
OVV	D	0.02%
MTCH	B	0.02%
OHI	C	0.02%
Z	C	0.02%
TAP	D	0.02%
NWSA	D	0.02%
DOX	B	0.02%
WWD	C	0.02%
SCCO	B	0.02%
LKQ	F	0.02%
QGEN	F	0.02%
DUOL	B	0.02%
BWXT	A	0.02%
PNW	C	0.02%
AIZ	B	0.02%
HII	F	0.02%
TWLO	B	0.02%
WMS	D	0.02%
WTRG	D	0.02%
ATR	A	0.02%
KNSL	B	0.02%
TPR	B	0.02%
REXR	D	0.02%
JEF	A	0.02%
RPRX	D	0.02%
SRPT	F	0.02%
LECO	D	0.02%
SNAP	D	0.02%
HEI	C	0.02%
RRX	B	0.02%
TOST	B	0.02%
CTLT	A	0.02%
HOOD	B	0.02%
ALB	D	0.02%
UNM	A	0.02%
SFM	A	0.02%
NBIX	F	0.02%
CACI	A	0.02%
FBIN	C	0.02%
EWBC	B	0.02%
SCI	D	0.02%
BJ	B	0.02%
NVT	C	0.02%
CCK	C	0.02%
LAMR	C	0.02%
BXP	B	0.02%
INSM	D	0.02%
TFX	C	0.02%
OKTA	F	0.02%
UHS	D	0.02%
SAIA	D	0.02%
DKS	D	0.02%
COHR	B	0.02%
FTI	B	0.02%
CUBE	C	0.02%
TXRH	A	0.02%
PFGC	A	0.02%
PCVX	C	0.02%
REG	C	0.02%
IPG	D	0.02%
XPO	F	0.02%
ITT	C	0.02%
CLH	B	0.02%
EXAS	C	0.02%
TECH	D	0.02%
DOCU	A	0.02%
KMX	F	0.02%
WING	C	0.02%
JNPR	C	0.02%
TTEK	A	0.02%
SJM	D	0.02%
ELS	D	0.02%
JLL	C	0.02%
CHRW	C	0.02%
INCY	B	0.02%
AMH	D	0.02%
FND	C	0.02%
FFIV	B	0.02%
CPT	C	0.02%
BLD	D	0.02%
CW	A	0.02%
BBIO	F	0.01%
BROS	F	0.01%
LCID	F	0.01%
HESM	C	0.01%
CACC	F	0.01%
CRVL	C	0.01%
GFS	F	0.01%
COLM	B	0.01%
PAG	D	0.01%
ZG	C	0.01%
TNET	D	0.01%
DDS	D	0.01%
ATKR	F	0.01%
AMKR	F	0.01%
DNB	D	0.01%
PBF	F	0.01%
COTY	F	0.01%
RIG	F	0.01%
STNG	B	0.01%
NSA	D	0.01%
LANC	F	0.01%
SLAB	D	0.01%
IAC	C	0.01%
ENLC	A	0.01%
CHH	A	0.01%
M	D	0.01%
MSM	D	0.01%
RYN	C	0.01%
WMG	D	0.01%
CHWY	C	0.01%
HUN	B	0.01%
WU	D	0.01%
SIG	C	0.01%
MGY	B	0.01%
SWX	C	0.01%
SLGN	B	0.01%
HCP	A	0.01%
GAP	F	0.01%
ASGN	D	0.01%
CFLT	F	0.01%
CIVI	F	0.01%
FLO	D	0.01%
ASH	F	0.01%
APPF	C	0.01%
EEFT	F	0.01%
RMBS	F	0.01%
BYD	B	0.01%
FFIN	D	0.01%
KRC	C	0.01%
LYFT	D	0.01%
PII	D	0.01%
GATX	F	0.01%
SUM	F	0.01%
DLB	D	0.01%
OZK	D	0.01%
HOG	D	0.01%
CNM	F	0.01%
QLYS	F	0.01%
AL	D	0.01%
TENB	D	0.01%
AN	D	0.01%
CELH	F	0.01%
SM	D	0.01%
UBSI	D	0.01%
TPG	A	0.01%
CPRI	C	0.01%
OGN	F	0.01%
PATH	D	0.01%
WLK	C	0.01%
PCOR	D	0.01%
ABG	D	0.01%
W	C	0.01%
JHG	A	0.01%
GBCI	B	0.01%
FIVE	D	0.01%
FOUR	A	0.01%
RH	C	0.01%
MUR	F	0.01%
GTLS	D	0.01%
ROIV	D	0.01%
FOX	B	0.01%
ALTR	B	0.01%
OPCH	F	0.01%
UGI	C	0.01%
HXL	F	0.01%
NXST	D	0.01%
VNT	F	0.01%
AM	A	0.01%
PARA	F	0.01%
BILL	D	0.01%
IDA	D	0.01%
LNC	B	0.01%
MDU	C	0.01%
SEE	C	0.01%
THG	A	0.01%
NFG	A	0.01%
SON	D	0.01%
DOCS	A	0.01%
SN	A	0.01%
ST	F	0.01%
GTLB	D	0.01%
U	D	0.01%
CYTK	D	0.01%
OMF	D	0.01%
VVV	D	0.01%
TKR	B	0.01%
IONS	F	0.01%
PVH	D	0.01%
XRAY	D	0.01%
AMG	B	0.01%
BPMC	F	0.01%
SIGI	D	0.01%
WTS	C	0.01%
THO	C	0.01%
ONB	D	0.01%
ACHC	F	0.01%
MMS	C	0.01%
APG	F	0.01%
SRCL	B	0.01%
IVZ	A	0.01%
EXPO	A	0.01%
BC	C	0.01%
MTDR	D	0.01%
OLN	D	0.01%
POST	C	0.01%
VMI	B	0.01%
ELF	F	0.01%
VKTX	C	0.01%
WHR	C	0.01%
ALK	C	0.01%
DAR	F	0.01%
MTSI	B	0.01%
HLNE	A	0.01%
PR	D	0.01%
GME	D	0.01%
IBP	C	0.01%
S	C	0.01%
STWD	C	0.01%
CHX	C	0.01%
ESI	C	0.01%
GXO	D	0.01%
ESAB	C	0.01%
MASI	B	0.01%
INSP	C	0.01%
DBX	C	0.01%
CLF	D	0.01%
BRKR	D	0.01%
EXLS	B	0.01%
WH	C	0.01%
WFRD	F	0.01%
AGCO	D	0.01%
ESTC	F	0.01%
SNV	D	0.01%
AXS	A	0.01%
ETSY	F	0.01%
BEN	F	0.01%
WBA	F	0.01%
NOVT	C	0.01%
LEA	F	0.01%
MTN	D	0.01%
RHP	B	0.01%
CMC	D	0.01%
CRUS	D	0.01%
RLI	A	0.01%
CFR	B	0.01%
MSA	F	0.01%
NOV	F	0.01%
PB	D	0.01%
WTFC	B	0.01%
G	A	0.01%
LNW	F	0.01%
H	B	0.01%
OSK	F	0.01%
LFUS	C	0.01%
ITCI	D	0.01%
MAT	B	0.01%
FAF	C	0.01%
ANF	D	0.01%
RYAN	A	0.01%
MKSI	F	0.01%
JAZZ	F	0.01%
SITE	D	0.01%
ESNT	A	0.01%
AAON	A	0.01%
DINO	F	0.01%
LSTR	F	0.01%
ZION	D	0.01%
AZEK	D	0.01%
HQY	B	0.01%
CRBG	B	0.01%
BPOP	D	0.01%
BIO	B	0.01%
EXEL	B	0.01%
COKE	C	0.01%
FLS	A	0.01%
CBSH	D	0.01%
CGNX	F	0.01%
GNTX	D	0.01%
RVMD	B	0.01%
WSC	D	0.01%
ALV	F	0.01%
SEIC	B	0.01%
STAG	D	0.01%
AA	B	0.01%
LPX	C	0.01%
SPSC	D	0.01%
LSCC	D	0.01%
PNFP	B	0.01%
RIVN	F	0.01%
PEN	D	0.01%
RHI	D	0.01%
AAL	D	0.01%
SSB	C	0.01%
BBWI	F	0.01%
PLNT	B	0.01%
KEX	C	0.01%
AGNC	B	0.01%
LNTH	C	0.01%
PCTY	C	0.01%
HALO	D	0.01%
SOFI	C	0.01%
ELAN	D	0.01%
ARW	C	0.01%
FR	D	0.01%
UHAL	C	0.01%
SAIC	A	0.01%
MIDD	D	0.01%
SMAR	A	0.01%
VFC	A	0.01%
TREX	D	0.01%
RRC	D	0.01%
MTH	C	0.01%
WCC	D	0.01%
CR	A	0.01%
ADC	C	0.01%
RGEN	F	0.01%
WBS	D	0.01%
CMA	C	0.01%
DTM	A	0.01%
BERY	C	0.01%
ACI	F	0.01%
MTZ	A	0.01%
FYBR	C	0.01%
DJT	F	0.0%
UHAL	C	0.0%
UWMC	D	0.0%
BLCO	C	0.0%
NFE	F	0.0%
CWEN	C	0.0%
CNA	D	0.0%
INFA	D	0.0%
BIRK	F	0.0%
LBRDA	C	0.0%
ALGM	F	0.0%
IMVT	D	0.0%
KNTK	A	0.0%
REYN	D	0.0%
RDDT	B	0.0%
PPC	C	0.0%
NWS	D	0.0%
LEVI	C	0.0%
IPGP	D	0.0%
RCM	B	0.0%
IGT	F	0.0%
CLVT	D	0.0%
RKT	D	0.0%
CNXC	F	0.0%
BOKF	B	0.0%
IPAR	D	0.0%
EDR	A	0.0%
APLS	F	0.0%
CWEN	C	0.0%
ADTN	C	0.0%
AGR	C	0.0%
ZI	F	0.0%

GUSA Underweight 2 Positions Relative to SPYG

	Symbol	Grade	Weight
	NXPI	F	-0.17%
	SMCI	F	-0.08%