GUSA vs. VFMO ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$51.73

Average Daily Volume

6,960

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$174.69

Average Daily Volume

38,787

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	VFMO
30 Days	2.49%	6.14%
60 Days	5.23%	9.01%
90 Days	6.74%	10.37%
12 Months	32.92%	47.79%

238 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in VFMO	Overlap
	AA	A	0.02%	0.02%	0.02%
	AAON	B	0.01%	0.02%	0.01%
	ACGL	C	0.06%	0.16%	0.06%
	AFL	B	0.1%	0.49%	0.1%
	AIG	B	0.09%	0.03%	0.03%
	AIT	B	0.02%	0.13%	0.02%
	AIZ	A	0.02%	0.07%	0.02%
	AJG	A	0.11%	0.17%	0.11%
	ALL	A	0.09%	0.22%	0.09%
	ALLY	C	0.02%	0.07%	0.02%
	ALNY	D	0.05%	0.2%	0.05%
	ALSN	B	0.02%	0.38%	0.02%
	AM	A	0.01%	0.08%	0.01%
	ANET	C	0.17%	1.27%	0.17%
	ANET	C	0.17%	0.06%	0.06%
	ANF	F	0.01%	0.27%	0.01%
	APH	A	0.15%	0.72%	0.15%
	APP	B	0.13%	0.66%	0.13%
	APPF	B	0.01%	0.04%	0.01%
	ARES	A	0.06%	0.17%	0.06%
	ATI	C	0.01%	0.12%	0.01%
	AVGO	D	1.38%	0.68%	0.68%
	AXON	A	0.08%	0.19%	0.08%
	AXP	A	0.29%	0.65%	0.29%
	AXS	A	0.01%	0.28%	0.01%
	AYI	B	0.02%	0.13%	0.02%
	BAC	A	0.57%	0.11%	0.11%
	BAH	F	0.03%	0.1%	0.03%
	BALL	F	0.03%	0.04%	0.03%
	BFAM	D	0.01%	0.17%	0.01%
	BJ	A	0.02%	0.02%	0.02%
	BK	A	0.1%	0.71%	0.1%
	BLD	D	0.02%	0.13%	0.02%
	BPMC	B	0.01%	0.19%	0.01%
	BPOP	C	0.01%	0.33%	0.01%
	BRBR	A	0.02%	0.2%	0.02%
	BRO	B	0.05%	0.07%	0.05%
	BSX	A	0.24%	0.89%	0.24%
	BURL	B	0.03%	0.16%	0.03%
	C	A	0.23%	1.21%	0.23%
	CACI	D	0.02%	0.02%	0.02%
	CASY	A	0.03%	0.12%	0.03%
	CBOE	C	0.04%	0.06%	0.04%
	CBSH	B	0.02%	0.11%	0.02%
	CFG	B	0.04%	0.19%	0.04%
	CL	D	0.14%	0.7%	0.14%
	CLH	C	0.02%	0.16%	0.02%
	CMG	B	0.15%	0.82%	0.15%
	CNA	C	0.0%	0.07%	0.0%
	CNM	D	0.01%	0.24%	0.01%
	COHR	B	0.02%	0.15%	0.02%
	COIN	C	0.12%	0.13%	0.12%
	COKE	C	0.01%	0.22%	0.01%
	COR	B	0.08%	0.18%	0.08%
	COST	A	0.75%	0.89%	0.75%
	CPNG	D	0.05%	0.13%	0.05%
	CR	A	0.02%	0.22%	0.02%
	CRBG	B	0.01%	0.2%	0.01%
	CROX	D	0.01%	0.07%	0.01%
	CRS	B	0.02%	0.24%	0.02%
	CRUS	D	0.01%	0.2%	0.01%
	CRVL	B	0.01%	0.05%	0.01%
	CSL	C	0.04%	0.19%	0.04%
	CTAS	B	0.14%	0.73%	0.14%
	CVLT	B	0.01%	0.4%	0.01%
	CVNA	B	0.05%	0.33%	0.05%
	CW	C	0.03%	0.14%	0.03%
	DDS	B	0.01%	0.02%	0.01%
	DECK	A	0.05%	0.33%	0.05%
	DELL	B	0.07%	0.36%	0.07%
	DHI	F	0.09%	0.77%	0.09%
	DKS	D	0.02%	0.17%	0.02%
	DTM	A	0.02%	0.12%	0.02%
	DVA	C	0.01%	0.38%	0.01%
	EHC	B	0.02%	0.22%	0.02%
	EME	A	0.04%	0.48%	0.04%
	ENSG	C	0.01%	0.15%	0.01%
	ESAB	C	0.01%	0.16%	0.01%
	ETN	A	0.26%	0.11%	0.11%
	EVR	B	0.02%	0.2%	0.02%
	EWBC	A	0.03%	0.06%	0.03%
	EXEL	B	0.02%	0.0%	0.0%
	EXP	B	0.02%	0.13%	0.02%
	FANG	C	0.06%	0.29%	0.06%
	FCNCA	A	0.05%	0.1%	0.05%
	FHN	A	0.02%	0.02%	0.02%
	FICO	B	0.1%	0.23%	0.1%
	FITB	B	0.06%	0.34%	0.06%
	FIX	A	0.03%	0.35%	0.03%
	FN	C	0.02%	0.04%	0.02%
	FNF	B	0.03%	0.05%	0.03%
	FTI	A	0.02%	0.19%	0.02%
	GAP	C	0.01%	0.1%	0.01%
	GBCI	B	0.01%	0.1%	0.01%
	GD	D	0.12%	0.26%	0.12%
	GDDY	A	0.05%	0.37%	0.05%
	GE	D	0.35%	1.14%	0.35%
	GKOS	B	0.01%	0.26%	0.01%
	GM	C	0.11%	0.35%	0.11%
	GRMN	B	0.06%	0.32%	0.06%
	GS	A	0.33%	0.18%	0.18%
	GWRE	A	0.03%	0.2%	0.03%
	GWW	B	0.09%	0.17%	0.09%
	HALO	F	0.01%	0.19%	0.01%
	HBAN	A	0.05%	0.35%	0.05%
	HCA	F	0.11%	0.72%	0.11%
	HEI	A	0.02%	0.08%	0.02%
	HEI	A	0.03%	0.08%	0.03%
	HIG	B	0.06%	0.19%	0.06%
	HLT	A	0.11%	0.3%	0.11%
	HOOD	B	0.03%	0.2%	0.03%
	HRB	D	0.01%	0.12%	0.01%
	HUBB	B	0.04%	0.02%	0.02%
	HWM	A	0.09%	0.07%	0.07%
	IBKR	A	0.04%	0.13%	0.04%
	IBM	C	0.35%	0.21%	0.21%
	IBP	D	0.01%	0.13%	0.01%
	IFF	D	0.04%	0.05%	0.04%
	INGR	C	0.02%	0.14%	0.02%
	INSM	C	0.02%	0.3%	0.02%
	IP	A	0.04%	0.06%	0.04%
	ISRG	A	0.35%	0.7%	0.35%
	IT	C	0.07%	0.05%	0.05%
	JEF	A	0.02%	0.15%	0.02%
	JLL	D	0.02%	0.21%	0.02%
	JPM	A	1.26%	0.02%	0.02%
	JXN	C	0.01%	0.22%	0.01%
	KEX	B	0.01%	0.17%	0.01%
	KKR	A	0.19%	1.17%	0.19%
	KLAC	F	0.15%	0.94%	0.15%
	LDOS	C	0.04%	0.2%	0.04%
	LEN	D	0.0%	0.05%	0.0%
	LEN	D	0.07%	0.05%	0.05%
	LII	A	0.04%	0.13%	0.04%
	LLY	F	1.13%	1.07%	1.07%
	LMT	D	0.23%	0.33%	0.23%
	LNTH	D	0.01%	0.18%	0.01%
	LNW	F	0.01%	0.12%	0.01%
	LPX	B	0.01%	0.2%	0.01%
	M	F	0.01%	0.03%	0.01%
	MCK	A	0.15%	0.63%	0.15%
	MEDP	D	0.01%	0.13%	0.01%
	META	D	2.23%	1.15%	1.15%
	MHK	D	0.01%	0.31%	0.01%
	MLI	B	0.02%	0.1%	0.02%
	MMM	D	0.13%	0.77%	0.13%
	MO	A	0.17%	0.18%	0.17%
	MOD	A	0.01%	0.13%	0.01%
	MPWR	F	0.05%	0.26%	0.05%
	MSA	F	0.01%	0.02%	0.01%
	MSI	B	0.15%	0.27%	0.15%
	MSTR	B	0.14%	0.22%	0.14%
	MTB	A	0.06%	0.37%	0.06%
	MUSA	B	0.02%	0.19%	0.02%
	NEM	D	0.09%	0.46%	0.09%
	NFLX	A	0.67%	1.12%	0.67%
	NTAP	C	0.05%	0.39%	0.05%
	NTNX	B	0.03%	0.05%	0.03%
	NTRA	A	0.03%	0.4%	0.03%
	NUVL	C	0.01%	0.11%	0.01%
	NVDA	B	6.32%	0.71%	0.71%
	NVR	D	0.05%	0.12%	0.05%
	NWSA	A	0.02%	0.03%	0.02%
	OC	A	0.03%	0.03%	0.03%
	OMF	A	0.01%	0.08%	0.01%
	ORI	A	0.02%	0.23%	0.02%
	OWL	A	0.02%	0.15%	0.02%
	PCVX	D	0.02%	0.28%	0.02%
	PFGC	B	0.02%	0.02%	0.02%
	PGR	A	0.27%	0.97%	0.27%
	PH	A	0.16%	0.2%	0.16%
	PHM	D	0.05%	0.19%	0.05%
	PLTR	B	0.23%	0.66%	0.23%
	PM	B	0.37%	0.27%	0.27%
	PNC	B	0.15%	0.37%	0.15%
	PNR	A	0.03%	0.09%	0.03%
	PPC	C	0.0%	0.22%	0.0%
	PRI	B	0.02%	0.11%	0.02%
	PSN	D	0.01%	0.16%	0.01%
	PSTG	D	0.03%	0.32%	0.03%
	PWR	A	0.09%	0.09%	0.09%
	RCL	A	0.1%	0.27%	0.1%
	REGN	F	0.14%	0.54%	0.14%
	RGA	A	0.03%	0.07%	0.03%
	RKT	F	0.0%	0.16%	0.0%
	RL	C	0.02%	0.18%	0.02%
	RMD	C	0.06%	0.2%	0.06%
	ROST	D	0.08%	0.02%	0.02%
	RTX	D	0.29%	0.79%	0.29%
	RVMD	C	0.02%	0.14%	0.02%
	RYAN	A	0.01%	0.08%	0.01%
	SCCO	F	0.02%	0.18%	0.02%
	SFM	A	0.03%	0.57%	0.03%
	SKX	D	0.02%	0.19%	0.02%
	SMMT	D	0.0%	0.23%	0.0%
	SN	D	0.01%	0.25%	0.01%
	SNV	C	0.01%	0.16%	0.01%
	SPOT	B	0.12%	0.52%	0.12%
	STEP	C	0.01%	0.05%	0.01%
	STNG	F	0.0%	0.08%	0.0%
	T	A	0.3%	1.02%	0.3%
	TDG	D	0.13%	0.76%	0.13%
	TFC	A	0.11%	0.73%	0.11%
	THC	D	0.02%	0.22%	0.02%
	TJX	A	0.25%	0.27%	0.25%
	TKO	A	0.02%	0.06%	0.02%
	TMUS	B	0.21%	0.57%	0.21%
	TOL	B	0.03%	0.19%	0.03%
	TPG	A	0.01%	0.23%	0.01%
	TPL	A	0.06%	0.04%	0.04%
	TRGP	A	0.08%	0.21%	0.08%
	TT	A	0.17%	0.94%	0.17%
	TTEK	F	0.02%	0.13%	0.02%
	TYL	B	0.05%	0.06%	0.05%
	UBER	F	0.26%	0.03%	0.03%
	UHAL	D	0.01%	0.03%	0.01%
	UHAL	D	0.0%	0.03%	0.0%
	UHS	D	0.02%	0.2%	0.02%
	URI	C	0.1%	0.26%	0.1%
	USFD	A	0.03%	0.06%	0.03%
	UTHR	C	0.03%	0.2%	0.03%
	UWMC	D	0.0%	0.1%	0.0%
	VKTX	F	0.01%	0.18%	0.01%
	VRT	B	0.09%	0.48%	0.09%
	VRTX	D	0.21%	0.57%	0.21%
	WAB	B	0.06%	0.23%	0.06%
	WAL	B	0.02%	0.06%	0.02%
	WING	D	0.02%	0.47%	0.02%
	WMB	A	0.13%	0.02%	0.02%
	WMT	A	0.69%	0.66%	0.66%
	WRB	A	0.03%	0.1%	0.03%
	WSM	C	0.03%	0.22%	0.03%
	WSO	A	0.03%	0.08%	0.03%
	WTFC	A	0.01%	0.15%	0.01%
	WTW	B	0.06%	0.32%	0.06%
	WWD	C	0.02%	0.09%	0.02%
	XPO	B	0.03%	0.23%	0.03%
	ZETA	D	0.01%	0.14%	0.01%

GUSA Overweight 738 Positions Relative to VFMO

	Symbol	Grade	Weight
	AAPL	C	6.17%
	MSFT	D	5.59%
	AMZN	C	3.5%
	GOOGL	C	1.9%
	TSLA	B	1.76%
	GOOG	C	1.71%
	BRK.A	B	1.13%
	UNH	B	0.97%
	XOM	B	0.96%
	V	A	0.95%
	MA	B	0.78%
	HD	B	0.74%
	PG	C	0.73%
	JNJ	C	0.67%
	ORCL	A	0.56%
	CRM	B	0.55%
	ABBV	F	0.54%
	CVX	A	0.5%
	WFC	A	0.46%
	MRK	D	0.45%
	KO	D	0.44%
	CSCO	B	0.42%
	AMD	F	0.41%
	ADBE	C	0.4%
	ACN	B	0.4%
	LIN	C	0.39%
	PEP	F	0.39%
	MCD	D	0.38%
	NOW	A	0.38%
	ABT	B	0.37%
	DIS	B	0.37%
	TMO	F	0.35%
	CAT	B	0.34%
	TXN	C	0.33%
	QCOM	F	0.33%
	INTU	B	0.32%
	VZ	C	0.32%
	CMCSA	B	0.3%
	MS	A	0.3%
	BKNG	A	0.3%
	SPGI	C	0.29%
	NEE	C	0.29%
	BLK	B	0.28%
	LOW	C	0.27%
	HON	C	0.27%
	DHR	F	0.27%
	AMGN	F	0.27%
	UNP	C	0.26%
	PFE	F	0.26%
	AMAT	F	0.25%
	COP	C	0.24%
	BX	A	0.24%
	SYK	B	0.23%
	PANW	B	0.23%
	BMY	B	0.22%
	SCHW	B	0.22%
	ADP	A	0.22%
	FI	A	0.22%
	CB	C	0.21%
	MU	D	0.2%
	MMC	B	0.2%
	MDT	D	0.2%
	GILD	C	0.2%
	SBUX	A	0.2%
	INTC	C	0.19%
	ADI	D	0.19%
	PLD	F	0.19%
	SO	C	0.18%
	UPS	C	0.18%
	DE	B	0.18%
	LRCX	F	0.17%
	ELV	F	0.17%
	GEV	B	0.17%
	AMT	C	0.17%
	MDLZ	F	0.16%
	BA	F	0.16%
	PYPL	B	0.16%
	EQIX	A	0.16%
	SHW	B	0.16%
	NKE	F	0.16%
	DUK	C	0.16%
	WM	B	0.16%
	CI	D	0.16%
	MELI	C	0.16%
	ICE	C	0.16%
	ZTS	D	0.15%
	CRWD	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	CME	B	0.15%
	WELL	A	0.15%
	EMR	B	0.14%
	AON	A	0.14%
	USB	A	0.14%
	EOG	A	0.14%
	MRVL	B	0.14%
	ITW	B	0.14%
	APO	B	0.13%
	ORLY	B	0.13%
	CVS	D	0.13%
	NOC	D	0.13%
	TGT	F	0.13%
	APD	A	0.13%
	CEG	C	0.13%
	MCO	B	0.13%
	FCX	F	0.12%
	BDX	F	0.12%
	ADSK	A	0.12%
	FDX	B	0.12%
	OKE	A	0.12%
	MAR	A	0.12%
	CSX	C	0.12%
	COF	C	0.12%
	SPG	A	0.11%
	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%
	CARR	C	0.11%
	PSA	C	0.1%
	AZO	C	0.1%
	VST	A	0.1%
	MPC	D	0.1%
	TTD	B	0.1%
	WDAY	B	0.1%
	PSX	C	0.1%
	KMI	A	0.1%
	AMP	A	0.1%
	JCI	B	0.1%
	ABNB	C	0.1%
	FTNT	C	0.1%
	DASH	B	0.1%
	PCAR	B	0.1%
	FAST	B	0.09%
	FLUT	A	0.09%
	FIS	C	0.09%
	CPRT	B	0.09%
	D	C	0.09%
	MET	A	0.09%
	LNG	A	0.09%
	CMI	A	0.09%
	O	C	0.09%
	SQ	A	0.09%
	AEP	C	0.09%
	IR	B	0.08%
	SNOW	B	0.08%
	DAL	B	0.08%
	EW	C	0.08%
	BKR	A	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	C	0.08%
	PAYX	B	0.08%
	MSCI	C	0.08%
	KMB	C	0.08%
	VLO	C	0.08%
	LHX	C	0.08%
	MLM	C	0.07%
	A	D	0.07%
	SYY	D	0.07%
	CHTR	C	0.07%
	GLW	B	0.07%
	VMC	B	0.07%
	YUM	D	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%
	EA	A	0.07%
	ODFL	C	0.07%
	VRSK	A	0.07%
	DDOG	A	0.07%
	OTIS	C	0.07%
	CTVA	C	0.07%
	CBRE	B	0.07%
	HES	B	0.07%
	RJF	A	0.06%
	TTWO	A	0.06%
	CNC	D	0.06%
	DOW	F	0.06%
	DD	C	0.06%
	UAL	A	0.06%
	VEEV	C	0.06%
	WEC	A	0.06%
	ROK	C	0.06%
	ETR	B	0.06%
	LULU	C	0.06%
	AVB	B	0.06%
	NDAQ	A	0.06%
	EIX	B	0.06%
	HUBS	A	0.06%
	VICI	C	0.06%
	KDP	F	0.06%
	HUM	C	0.06%
	ED	C	0.06%
	IRM	C	0.06%
	IDXX	F	0.06%
	IQV	F	0.06%
	MCHP	F	0.06%
	NUE	C	0.06%
	EXR	C	0.06%
	GIS	D	0.06%
	GEHC	D	0.06%
	HPQ	B	0.06%
	OXY	D	0.06%
	CPAY	A	0.05%
	EQT	B	0.05%
	DTE	C	0.05%
	ADM	D	0.05%
	HSY	F	0.05%
	SYF	B	0.05%
	PPL	A	0.05%
	EQR	C	0.05%
	CCL	A	0.05%
	TROW	B	0.05%
	VTR	B	0.05%
	RBLX	C	0.05%
	FTV	C	0.05%
	BR	A	0.05%
	KEYS	A	0.05%
	HAL	C	0.05%
	AWK	C	0.05%
	SW	A	0.05%
	CHD	A	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	PPG	F	0.05%
	STT	B	0.05%
	ON	D	0.05%
	NET	B	0.05%
	CAH	B	0.05%
	GPN	B	0.05%
	XYL	D	0.05%
	CSGP	D	0.05%
	DXCM	C	0.05%
	ANSS	B	0.05%
	TSCO	D	0.05%
	EFX	F	0.05%
	EBAY	D	0.05%
	STX	C	0.04%
	ESS	B	0.04%
	LUV	C	0.04%
	NRG	B	0.04%
	INVH	D	0.04%
	PFG	D	0.04%
	ZBRA	B	0.04%
	LYV	A	0.04%
	LH	B	0.04%
	ZM	C	0.04%
	CNP	A	0.04%
	DKNG	B	0.04%
	STLD	B	0.04%
	MDB	B	0.04%
	WAT	C	0.04%
	CMS	C	0.04%
	BLDR	D	0.04%
	CLX	A	0.04%
	STE	D	0.04%
	LYB	F	0.04%
	K	A	0.04%
	PKG	A	0.04%
	MKL	A	0.04%
	WBD	B	0.04%
	ES	C	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	ILMN	C	0.04%
	EXPE	B	0.04%
	WST	C	0.04%
	WDC	D	0.04%
	ATO	A	0.04%
	WY	F	0.04%
	BIIB	F	0.04%
	PTC	B	0.04%
	ZBH	C	0.04%
	FE	C	0.04%
	CINF	A	0.04%
	VLTO	C	0.04%
	SBAC	D	0.04%
	CDW	F	0.04%
	LPLA	A	0.04%
	DVN	F	0.04%
	KHC	F	0.04%
	RF	A	0.04%
	AEE	A	0.04%
	MTD	F	0.04%
	RVTY	F	0.03%
	SAIA	B	0.03%
	NDSN	B	0.03%
	DT	D	0.03%
	APTV	F	0.03%
	UDR	B	0.03%
	EL	F	0.03%
	POOL	C	0.03%
	FFIV	B	0.03%
	JBL	C	0.03%
	AMCR	C	0.03%
	SMCI	F	0.03%
	JBHT	C	0.03%
	ACM	B	0.03%
	AFRM	A	0.03%
	ROL	B	0.03%
	TWLO	A	0.03%
	EVRG	A	0.03%
	EQH	C	0.03%
	FLEX	B	0.03%
	DOC	C	0.03%
	GGG	B	0.03%
	ENTG	D	0.03%
	VRSN	C	0.03%
	TXT	D	0.03%
	L	A	0.03%
	VTRS	A	0.03%
	DPZ	C	0.03%
	CF	A	0.03%
	TW	A	0.03%
	ALGN	D	0.03%
	SSNC	B	0.03%
	ULTA	F	0.03%
	SUI	C	0.03%
	AVY	F	0.03%
	GEN	B	0.03%
	LNT	A	0.03%
	TER	F	0.03%
	MRO	B	0.03%
	DOCU	B	0.03%
	TOST	B	0.03%
	ARE	F	0.03%
	MAS	D	0.03%
	J	D	0.03%
	GPC	D	0.03%
	MOH	F	0.03%
	BBY	D	0.03%
	KIM	A	0.03%
	MANH	D	0.03%
	BAX	F	0.03%
	NI	A	0.03%
	DG	F	0.03%
	EXPD	C	0.03%
	RS	B	0.03%
	TRMB	B	0.03%
	RPM	A	0.03%
	IEX	C	0.03%
	LVS	B	0.03%
	TSN	B	0.03%
	YUMC	C	0.03%
	PINS	F	0.03%
	DGX	A	0.03%
	KEY	B	0.03%
	SNA	A	0.03%
	HOLX	D	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	MAA	B	0.03%
	MKC	C	0.03%
	TRU	D	0.03%
	FSLR	F	0.03%
	ZS	B	0.03%
	DRI	B	0.03%
	OMC	C	0.03%
	CTRA	B	0.03%
	MOS	F	0.02%
	CFR	B	0.02%
	EGP	D	0.02%
	RRC	B	0.02%
	CPB	D	0.02%
	GPK	C	0.02%
	FRT	B	0.02%
	TTC	C	0.02%
	PR	B	0.02%
	AOS	F	0.02%
	PLNT	A	0.02%
	SNX	D	0.02%
	PCTY	C	0.02%
	WYNN	C	0.02%
	RBC	A	0.02%
	CNH	C	0.02%
	HQY	A	0.02%
	MGM	D	0.02%
	AXTA	B	0.02%
	ZION	B	0.02%
	HRL	D	0.02%
	GLOB	B	0.02%
	HSIC	C	0.02%
	WMS	F	0.02%
	OGE	A	0.02%
	MORN	B	0.02%
	PEN	B	0.02%
	BILL	A	0.02%
	X	B	0.02%
	TPX	B	0.02%
	KNX	C	0.02%
	AR	B	0.02%
	QGEN	D	0.02%
	FLR	B	0.02%
	CMA	B	0.02%
	BRX	A	0.02%
	MTZ	B	0.02%
	FBIN	D	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	ROKU	D	0.02%
	WCC	B	0.02%
	SOLV	D	0.02%
	PNFP	B	0.02%
	REXR	F	0.02%
	DOX	D	0.02%
	LKQ	F	0.02%
	AAL	B	0.02%
	GMED	A	0.02%
	CRL	D	0.02%
	SRPT	F	0.02%
	HLI	A	0.02%
	ARMK	B	0.02%
	CHDN	B	0.02%
	CIEN	C	0.02%
	EXAS	D	0.02%
	LAD	A	0.02%
	AES	F	0.02%
	GL	C	0.02%
	RGLD	C	0.02%
	RPRX	D	0.02%
	LBRDK	C	0.02%
	OHI	C	0.02%
	AFG	A	0.02%
	MKTX	D	0.02%
	RDDT	A	0.02%
	FOXA	A	0.02%
	WBS	A	0.02%
	TAP	C	0.02%
	IOT	A	0.02%
	PNW	A	0.02%
	TECH	F	0.02%
	ERIE	D	0.02%
	IPG	D	0.02%
	FND	D	0.02%
	KNSL	B	0.02%
	GME	C	0.02%
	CTLT	C	0.02%
	WTRG	B	0.02%
	CCK	D	0.02%
	GNRC	C	0.02%
	LW	C	0.02%
	OVV	B	0.02%
	SNAP	D	0.02%
	ATR	B	0.02%
	CUBE	C	0.02%
	NCLH	B	0.02%
	PAYC	B	0.02%
	LAMR	C	0.02%
	CG	B	0.02%
	DAY	B	0.02%
	JNPR	D	0.02%
	SF	B	0.02%
	INCY	C	0.02%
	LECO	C	0.02%
	RRX	B	0.02%
	BXP	C	0.02%
	KMX	B	0.02%
	BMRN	F	0.02%
	Z	A	0.02%
	SJM	D	0.02%
	NBIX	C	0.02%
	DUOL	A	0.02%
	SCI	B	0.02%
	EMN	C	0.02%
	HST	C	0.02%
	OKTA	C	0.02%
	BWXT	B	0.02%
	REG	A	0.02%
	EG	C	0.02%
	ALLE	C	0.02%
	ITT	A	0.02%
	WPC	C	0.02%
	MRNA	F	0.02%
	EPAM	B	0.02%
	NVT	B	0.02%
	ALB	B	0.02%
	JKHY	D	0.02%
	AMH	C	0.02%
	BG	D	0.02%
	CHRW	B	0.02%
	ELS	C	0.02%
	CAG	F	0.02%
	TPR	B	0.02%
	TXRH	B	0.02%
	CPT	B	0.02%
	AVTR	F	0.02%
	DLTR	F	0.02%
	AKAM	D	0.02%
	GLPI	C	0.02%
	SWK	D	0.02%
	UNM	A	0.02%
	SWKS	F	0.02%
	RNR	C	0.02%
	SOFI	B	0.02%
	ADTN	A	0.01%
	AMKR	D	0.01%
	TNET	F	0.01%
	HESM	B	0.01%
	CACC	D	0.01%
	SATS	D	0.01%
	COLM	C	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	HUN	F	0.01%
	NWS	A	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	A	0.01%
	ACHC	F	0.01%
	IAC	F	0.01%
	LANC	C	0.01%
	PII	F	0.01%
	MDU	D	0.01%
	MSM	C	0.01%
	ASGN	F	0.01%
	RYN	D	0.01%
	OPCH	D	0.01%
	OGN	F	0.01%
	W	D	0.01%
	ASH	F	0.01%
	ENLC	A	0.01%
	HOG	D	0.01%
	XRAY	F	0.01%
	SIG	B	0.01%
	FLO	D	0.01%
	ROIV	C	0.01%
	CELH	F	0.01%
	NSIT	F	0.01%
	WLK	D	0.01%
	CHH	A	0.01%
	WMG	D	0.01%
	CIVI	D	0.01%
	DLB	B	0.01%
	EEFT	B	0.01%
	AN	C	0.01%
	SLGN	A	0.01%
	BRKR	D	0.01%
	CHWY	B	0.01%
	SWX	B	0.01%
	KRC	B	0.01%
	MGY	A	0.01%
	BYD	B	0.01%
	TENB	C	0.01%
	FIVE	F	0.01%
	MUR	D	0.01%
	ST	F	0.01%
	IONS	F	0.01%
	EXPO	D	0.01%
	RH	C	0.01%
	TKR	D	0.01%
	SON	F	0.01%
	MMS	F	0.01%
	OLN	F	0.01%
	HXL	F	0.01%
	PATH	C	0.01%
	NXST	C	0.01%
	FFIN	B	0.01%
	AL	B	0.01%
	SEE	C	0.01%
	ABG	C	0.01%
	HCP	B	0.01%
	SM	B	0.01%
	VVV	D	0.01%
	INSP	D	0.01%
	UGI	C	0.01%
	QLYS	B	0.01%
	OZK	B	0.01%
	GATX	A	0.01%
	POST	C	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	LEA	F	0.01%
	AMG	B	0.01%
	CLF	F	0.01%
	BROS	A	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%
	ETSY	D	0.01%
	IVZ	B	0.01%
	RMBS	B	0.01%
	WTS	B	0.01%
	VNT	C	0.01%
	JHG	B	0.01%
	FOUR	A	0.01%
	PCOR	B	0.01%
	SUM	B	0.01%
	AGCO	D	0.01%
	LNC	C	0.01%
	AUR	C	0.01%
	THG	A	0.01%
	ALTR	B	0.01%
	ESNT	F	0.01%
	SAIC	F	0.01%
	CHX	C	0.01%
	U	C	0.01%
	STWD	C	0.01%
	WFRD	D	0.01%
	SIGI	C	0.01%
	LFUS	D	0.01%
	IDA	A	0.01%
	NOVT	D	0.01%
	LYFT	C	0.01%
	WHR	B	0.01%
	WBA	F	0.01%
	PARA	C	0.01%
	SITE	F	0.01%
	ESI	B	0.01%
	ARW	D	0.01%
	BBWI	C	0.01%
	QRVO	F	0.01%
	MAT	D	0.01%
	DBX	B	0.01%
	COLD	D	0.01%
	NOV	C	0.01%
	CFLT	B	0.01%
	MTN	C	0.01%
	DOCS	C	0.01%
	VNO	C	0.01%
	DINO	D	0.01%
	MTH	D	0.01%
	BIO	C	0.01%
	LSTR	D	0.01%
	SPSC	D	0.01%
	MTDR	B	0.01%
	FYBR	C	0.01%
	ONB	C	0.01%
	STAG	D	0.01%
	ELAN	D	0.01%
	WSC	F	0.01%
	H	B	0.01%
	RHP	B	0.01%
	FAF	A	0.01%
	ELF	C	0.01%
	DAR	C	0.01%
	RGEN	D	0.01%
	LSCC	D	0.01%
	AZEK	A	0.01%
	ALV	C	0.01%
	AGNC	C	0.01%
	HLNE	B	0.01%
	BEN	C	0.01%
	FCN	F	0.01%
	EXLS	B	0.01%
	ALK	B	0.01%
	CGNX	D	0.01%
	GNTX	C	0.01%
	VMI	B	0.01%
	MTSI	B	0.01%
	RIVN	F	0.01%
	GXO	B	0.01%
	MKSI	C	0.01%
	CMC	B	0.01%
	TMHC	C	0.01%
	FMC	D	0.01%
	FR	D	0.01%
	RLI	A	0.01%
	OSK	C	0.01%
	GTLS	A	0.01%
	WEX	D	0.01%
	S	B	0.01%
	APG	B	0.01%
	JAZZ	B	0.01%
	VFC	C	0.01%
	MTCH	D	0.01%
	RHI	C	0.01%
	OLED	F	0.01%
	WH	B	0.01%
	G	B	0.01%
	MIDD	C	0.01%
	ESTC	C	0.01%
	MASI	B	0.01%
	TREX	C	0.01%
	GTLB	B	0.01%
	SMAR	B	0.01%
	BSY	F	0.01%
	PB	B	0.01%
	ITCI	C	0.01%
	HII	F	0.01%
	UFPI	C	0.01%
	BWA	D	0.01%
	KBR	F	0.01%
	SSD	F	0.01%
	BERY	C	0.01%
	ADC	A	0.01%
	CZR	F	0.01%
	VOYA	B	0.01%
	CE	F	0.01%
	APA	D	0.01%
	CHE	D	0.01%
	CHRD	D	0.01%
	ONTO	F	0.01%
	FLS	B	0.01%
	SSB	B	0.01%
	ENPH	F	0.01%
	NNN	C	0.01%
	HAS	D	0.01%
	SEIC	B	0.01%
	NYT	D	0.01%
	ACI	C	0.01%
	BLCO	B	0.0%
	CWEN	C	0.0%
	BIRK	D	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%
	CLVT	D	0.0%
	LCID	F	0.0%
	IGT	F	0.0%
	RCM	A	0.0%
	KNTK	A	0.0%
	CWEN	C	0.0%
	CPRI	F	0.0%
	BBIO	F	0.0%
	COTY	F	0.0%
	AGR	A	0.0%
	BOKF	B	0.0%

GUSA Underweight 340 Positions Relative to VFMO

	Symbol	Grade	Weight
	AWI	A	-0.38%
	NU	C	-0.37%
	SKYW	C	-0.34%
	STC	B	-0.31%
	FBP	C	-0.31%
	KBH	D	-0.3%
	AROC	A	-0.28%
	VITL	D	-0.27%
	ADMA	B	-0.26%
	IESC	C	-0.26%
	POWL	C	-0.26%
	FRPT	A	-0.26%
	DHT	F	-0.22%
	EWTX	C	-0.22%
	ASPN	F	-0.22%
	LRN	A	-0.22%
	CSWI	B	-0.21%
	OSCR	D	-0.21%
	REVG	C	-0.2%
	BKD	F	-0.2%
	AGO	B	-0.2%
	AZZ	A	-0.2%
	INVA	D	-0.2%
	LMB	B	-0.2%
	CDE	C	-0.2%
	VCTR	B	-0.19%
	NPAB	F	-0.19%
	GFF	A	-0.18%
	KD	B	-0.18%
	BLBD	D	-0.18%
	HIMS	B	-0.17%
	TNK	F	-0.17%
	MCY	A	-0.17%
	RSI	A	-0.17%
	PI	D	-0.17%
	MOG.A	B	-0.17%
	AVAV	C	-0.17%
	SFL	D	-0.17%
	COOP	B	-0.17%
	EVER	D	-0.16%
	SLM	A	-0.16%
	CRDO	B	-0.16%
	RNA	C	-0.16%
	SKWD	A	-0.16%
	WULF	C	-0.16%
	MLKN	F	-0.16%
	TPC	C	-0.16%
	APLT	C	-0.16%
	LBPH	A	-0.16%
	CRNX	C	-0.15%
	STRL	A	-0.15%
	UMBF	B	-0.15%
	CASH	B	-0.15%
	INSW	F	-0.15%
	TREE	F	-0.15%
	TNDM	D	-0.15%
	AMRX	C	-0.15%
	JANX	C	-0.15%
	SGBX	F	-0.15%
	COMP	B	-0.14%
	ATGE	B	-0.14%
	HL	D	-0.14%
	ROAD	B	-0.14%
	SMR	B	-0.13%
	HWKN	B	-0.13%
	CDRE	F	-0.13%
	DYN	F	-0.13%
	PNTG	D	-0.13%
	VERA	C	-0.13%
	LUMN	C	-0.13%
	NHC	C	-0.13%
	ANAB	F	-0.13%
	YMAB	F	-0.13%
	IMNM	F	-0.12%
	AMSC	B	-0.12%
	RUN	F	-0.12%
	ABUS	D	-0.12%
	VIRT	A	-0.12%
	EOLS	D	-0.12%
	PTGX	D	-0.12%
	GRBK	D	-0.12%
	PAHC	C	-0.12%
	PRIM	A	-0.12%
	COLL	F	-0.12%
	PTVE	B	-0.12%
	PHAT	F	-0.12%
	CDNA	D	-0.12%
	UTI	B	-0.12%
	GPOR	B	-0.12%
	BV	C	-0.12%
	RYTM	C	-0.12%
	BGC	C	-0.12%
	NR	B	-0.11%
	HCC	B	-0.11%
	RXST	F	-0.11%
	MATX	C	-0.11%
	PRMW	C	-0.11%
	AGX	B	-0.11%
	TDS	B	-0.11%
	BFH	C	-0.11%
	HNI	B	-0.11%
	LQDA	F	-0.11%
	IBCP	B	-0.11%
	HASI	D	-0.11%
	MTG	C	-0.11%
	TPB	B	-0.11%
	CPF	B	-0.11%
	TDW	F	-0.11%
	PRK	B	-0.11%
	NNBR	C	-0.11%
	CNK	C	-0.11%
	SCS	C	-0.11%
	ANNX	F	-0.11%
	LTH	C	-0.1%
	ITGR	B	-0.1%
	HCI	C	-0.1%
	LPG	F	-0.1%
	KRYS	C	-0.1%
	ACLX	C	-0.1%
	SPRY	C	-0.1%
	SOUN	B	-0.1%
	HROW	D	-0.1%
	PHIN	A	-0.1%
	PRDO	B	-0.1%
	MAX	F	-0.1%
	NRIX	C	-0.1%
	ZIMV	D	-0.1%
	OCUL	D	-0.1%
	TMDX	F	-0.1%
	SEM	B	-0.1%
	SLVM	B	-0.1%
	ALHC	C	-0.1%
	CADL	F	-0.1%
	VERX	A	-0.1%
	NVAX	F	-0.1%
	PRCT	B	-0.1%
	TNC	D	-0.1%
	RVLV	A	-0.1%
	ACIC	B	-0.1%
	AMAL	B	-0.1%
	BKU	A	-0.1%
	TILE	B	-0.1%
	AQST	D	-0.1%
	CBZ	B	-0.09%
	NEU	D	-0.09%
	TWST	F	-0.09%
	FG	A	-0.09%
	OII	B	-0.09%
	SAVA	C	-0.09%
	PLSE	C	-0.09%
	HUMA	F	-0.09%
	GOGL	F	-0.09%
	SPNT	B	-0.09%
	CRAI	C	-0.09%
	DOLE	D	-0.09%
	HY	D	-0.09%
	NPO	A	-0.09%
	GNK	D	-0.09%
	SHAK	C	-0.09%
	BELFB	C	-0.09%
	CNO	B	-0.09%
	STBA	B	-0.09%
	UVE	B	-0.09%
	GRND	A	-0.09%
	CALM	A	-0.09%
	BLX	B	-0.08%
	CENX	B	-0.08%
	PFBC	B	-0.08%
	OFG	B	-0.08%
	MNMD	C	-0.08%
	KTB	B	-0.08%
	CGEM	F	-0.08%
	GERN	D	-0.08%
	EGY	D	-0.08%
	CECO	B	-0.08%
	NBTB	B	-0.08%
	NKTX	F	-0.08%
	QNST	B	-0.08%
	CMPR	D	-0.08%
	GEO	B	-0.08%
	RDNT	B	-0.08%
	CXW	C	-0.08%
	PRM	C	-0.08%
	TK	D	-0.08%
	AORT	B	-0.08%
	MTX	B	-0.08%
	IBOC	B	-0.08%
	OCGN	F	-0.08%
	ALKT	B	-0.08%
	PATK	C	-0.08%
	UFPT	C	-0.07%
	AGIO	C	-0.07%
	INOD	B	-0.07%
	SXI	B	-0.07%
	AGYS	A	-0.07%
	RDN	D	-0.07%
	AOSL	C	-0.07%
	USAP	B	-0.07%
	LAUR	A	-0.07%
	CHCO	B	-0.07%
	ICFI	F	-0.07%
	KURA	F	-0.07%
	GCI	D	-0.07%
	KALV	F	-0.07%
	STOK	F	-0.07%
	DORM	B	-0.07%
	VRNS	D	-0.06%
	KLG	B	-0.06%
	SWTX	C	-0.06%
	NMRK	C	-0.06%
	HRTX	F	-0.06%
	SIGA	F	-0.06%
	CSTL	D	-0.06%
	LRMR	D	-0.06%
	NVRI	D	-0.06%
	NUVB	C	-0.06%
	VSEC	C	-0.06%
	SFBS	C	-0.06%
	REX	D	-0.06%
	OSW	B	-0.06%
	ACVA	B	-0.06%
	TGTX	B	-0.06%
	ADUS	D	-0.06%
	DAKT	C	-0.06%
	VNDA	C	-0.05%
	TSHA	C	-0.05%
	ARLO	C	-0.05%
	FBK	C	-0.05%
	IDYA	F	-0.05%
	ACT	C	-0.05%
	WDFC	B	-0.05%
	FSS	B	-0.05%
	PBI	B	-0.05%
	CRMD	C	-0.05%
	AGM	B	-0.05%
	NBHC	C	-0.05%
	SRCE	B	-0.05%
	HRTG	C	-0.05%
	GMS	B	-0.05%
	SPB	C	-0.05%
	BAND	B	-0.05%
	DXPE	C	-0.04%
	SPOK	B	-0.04%
	TERN	F	-0.04%
	HNST	A	-0.04%
	NSSC	D	-0.04%
	CYH	F	-0.04%
	IDT	B	-0.04%
	AX	B	-0.04%
	CNX	A	-0.04%
	TFIN	B	-0.04%
	ELEV	D	-0.04%
	VCEL	B	-0.04%
	OUST	C	-0.04%
	CENT	C	-0.04%
	OSIS	A	-0.04%
	EU	D	-0.04%
	OLLI	D	-0.04%
	TRMK	C	-0.04%
	UVSP	B	-0.04%
	CAL	F	-0.04%
	KTOS	B	-0.04%
	FULT	A	-0.04%
	SHOO	F	-0.04%
	GABC	B	-0.04%
	RYAM	C	-0.04%
	CLSK	C	-0.04%
	ARQT	B	-0.04%
	MBWM	B	-0.03%
	DJCO	B	-0.03%
	ITOS	F	-0.03%
	MBIN	F	-0.03%
	LOPE	C	-0.03%
	TRN	B	-0.03%
	GPI	B	-0.03%
	QTWO	A	-0.03%
	WVE	C	-0.03%
	EPAC	C	-0.03%
	ELVN	D	-0.03%
	SB	F	-0.03%
	MIR	A	-0.03%
	SAFT	B	-0.03%
	SCVL	F	-0.03%
	BLND	A	-0.03%
	WWW	A	-0.03%
	PFSI	C	-0.03%
	REAX	D	-0.03%
	NMIH	C	-0.03%
	TOWN	B	-0.03%
	HOV	D	-0.03%
	EAT	A	-0.03%
	ACIW	B	-0.03%
	PRG	C	-0.03%
	CTS	C	-0.03%
	CMRE	C	-0.03%
	INO	F	-0.03%
	TGI	B	-0.03%
	LMAT	A	-0.03%
	IMMR	C	-0.03%
	DFIN	D	-0.03%
	PACK	B	-0.03%
	FCF	B	-0.03%
	SRRK	C	-0.02%
	ABSI	F	-0.02%
	GTES	A	-0.02%
	BDTX	F	-0.02%
	DCO	C	-0.02%
	MDGL	B	-0.02%
	INGN	C	-0.02%
	DAWN	D	-0.02%
	SVRA	F	-0.02%
	ASC	F	-0.02%
	HEAR	D	-0.02%
	BRCC	F	-0.02%
	BHE	C	-0.02%
	LXRX	F	-0.02%
	LBRT	D	-0.02%
	LFMD	D	-0.02%
	THR	B	-0.02%
	ATEX	F	-0.02%
	GBX	A	-0.02%
	SPNS	F	-0.02%
	HLX	B	-0.02%
	ITRI	C	-0.02%
	AIOT	B	-0.02%
	METC	C	-0.02%
	FOR	F	-0.02%
	FNKO	D	-0.02%
	MRSN	D	-0.02%
	PLMR	A	-0.02%
	ANIP	F	-0.02%
	KMPR	A	-0.02%
	QCRH	B	-0.02%
	CELC	F	-0.02%
	GOLF	B	-0.02%
	SCSC	C	-0.02%
	USLM	A	-0.02%
	PAR	A	-0.02%
	EFSC	B	-0.02%
	APEI	B	-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

VFMO: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Diversified Industrials Insurance - Property & Casualty Aerospace & Defense Engineering & Construction Shipping & Ports Building Materials Software - Infrastructure Asset Management Electronic Components Medical Devices Diagnostics & Research Medical Care Packaged Foods Drug Manufacturers - Specialty & Generic Education & Training Services Oil & Gas Equipment & Services Residential Construction

Keywords: S&P 500 Bank Medicine Banking Insurance Biopharmaceutical Biotechnology Cancer Aerospace IBD 50 Deposit Products Electronics Mining Commercial Banking Clinical Medicine Insurance Products Life Sciences Computing Construction Cash Management Services