IUSV vs. GSLC ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$94.56

Average Daily Volume

466,178

Number of Holdings ^*

727

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$111.84

Average Daily Volume

193,044

Number of Holdings ^*

424

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	GSLC
30 Days	0.60%	2.61%
60 Days	5.27%	7.07%
90 Days	8.35%	3.33%
12 Months	31.25%	35.45%

328 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in GSLC	Overlap
A	B	0.19%	0.06%	0.06%
ABBV	B	0.97%	0.6%	0.6%
ABT	C	0.87%	0.21%	0.21%
ACN	B	0.45%	0.51%	0.45%
ADI	C	0.21%	0.13%	0.13%
ADM	F	0.13%	0.18%	0.13%
ADP	A	0.3%	0.05%	0.05%
ADSK	C	0.13%	0.21%	0.13%
AEP	C	0.24%	0.03%	0.03%
AFL	A	0.25%	0.14%	0.14%
AIG	F	0.21%	0.21%	0.21%
AJG	D	0.13%	0.18%	0.13%
AKAM	D	0.04%	0.13%	0.04%
ALGN	D	0.04%	0.08%	0.04%
ALL	C	0.22%	0.09%	0.09%
AME	D	0.09%	0.12%	0.09%
AMGN	D	0.77%	0.26%	0.26%
AMP	A	0.1%	0.32%	0.1%
ANSS	D	0.05%	0.02%	0.02%
AON	B	0.16%	0.11%	0.11%
APH	D	0.15%	0.22%	0.15%
ARE	D	0.08%	0.04%	0.04%
ATO	A	0.09%	0.11%	0.09%
AVB	C	0.14%	0.07%	0.07%
AVTR	D	0.05%	0.05%	0.05%
AVY	D	0.08%	0.15%	0.08%
AXP	B	0.2%	0.26%	0.2%
AZO	D	0.08%	0.25%	0.08%
BAC	D	1.19%	0.34%	0.34%
BBY	C	0.09%	0.24%	0.09%
BDX	C	0.31%	0.07%	0.07%
BG	F	0.06%	0.15%	0.06%
BIIB	F	0.13%	0.1%	0.1%
BK	C	0.24%	0.33%	0.24%
BLK	A	0.59%	0.12%	0.12%
BMY	B	0.46%	0.21%	0.21%
BR	B	0.05%	0.14%	0.05%
BRK.A	C	3.73%	1.1%	1.1%
BRO	A	0.02%	0.15%	0.02%
BSX	A	0.25%	0.2%	0.2%
BX	C	0.14%	0.06%	0.06%
C	C	0.53%	0.26%	0.26%
CAG	D	0.07%	0.18%	0.07%
CAH	B	0.12%	0.12%	0.12%
CARR	B	0.16%	0.09%	0.09%
CAT	A	0.35%	0.21%	0.21%
CB	B	0.48%	0.21%	0.21%
CBOE	B	0.03%	0.14%	0.03%
CBRE	B	0.17%	0.05%	0.05%
CCL	C	0.02%	0.18%	0.02%
CDW	D	0.08%	0.12%	0.08%
CEG	A	0.2%	0.17%	0.17%
CF	A	0.03%	0.1%	0.03%
CFG	D	0.08%	0.07%	0.07%
CHD	D	0.06%	0.13%	0.06%
CHTR	D	0.08%	0.12%	0.08%
CI	D	0.43%	0.31%	0.31%
CINF	B	0.1%	0.11%	0.1%
CL	D	0.23%	0.4%	0.23%
CLX	C	0.09%	0.17%	0.09%
CMCSA	C	0.72%	0.33%	0.33%
CME	A	0.22%	0.11%	0.11%
CMI	A	0.2%	0.08%	0.08%
CMS	A	0.09%	0.06%	0.06%
CNC	F	0.17%	0.23%	0.17%
CNP	B	0.09%	0.05%	0.05%
COF	C	0.25%	0.31%	0.25%
COP	D	0.17%	0.12%	0.12%
COST	C	1.01%	0.86%	0.86%
CSCO	A	0.95%	0.35%	0.35%
CSX	D	0.15%	0.08%	0.08%
CTAS	C	0.14%	0.35%	0.14%
CTRA	D	0.03%	0.03%	0.03%
CTSH	B	0.17%	0.17%	0.17%
CTVA	A	0.18%	0.02%	0.02%
CVS	C	0.34%	0.25%	0.25%
CVX	B	1.1%	0.2%	0.2%
DAL	C	0.07%	0.13%	0.07%
DE	B	0.21%	0.07%	0.07%
DELL	C	0.07%	0.13%	0.07%
DFS	C	0.07%	0.21%	0.07%
DG	F	0.09%	0.03%	0.03%
DGX	C	0.08%	0.14%	0.08%
DHR	D	0.79%	0.18%	0.18%
DIS	D	0.78%	0.18%	0.18%
DLR	C	0.13%	0.04%	0.04%
DLTR	F	0.07%	0.05%	0.05%
DOV	B	0.12%	0.11%	0.11%
DOW	B	0.17%	0.09%	0.09%
DPZ	D	0.04%	0.16%	0.04%
DRI	C	0.04%	0.13%	0.04%
DTE	A	0.12%	0.02%	0.02%
DUK	B	0.4%	0.09%	0.09%
DVN	F	0.11%	0.02%	0.02%
EA	D	0.09%	0.22%	0.09%
EBAY	A	0.14%	0.11%	0.11%
ECL	B	0.14%	0.1%	0.1%
ED	A	0.16%	0.07%	0.07%
EG	B	0.08%	0.11%	0.08%
EIX	B	0.15%	0.02%	0.02%
EL	D	0.1%	0.08%	0.08%
ELV	F	0.54%	0.17%	0.17%
EMR	B	0.28%	0.03%	0.03%
EOG	B	0.11%	0.09%	0.09%
EPAM	F	0.03%	0.08%	0.03%
EQR	C	0.11%	0.07%	0.07%
ESS	D	0.08%	0.05%	0.05%
ETN	C	0.22%	0.15%	0.15%
ETR	A	0.12%	0.06%	0.06%
EVRG	C	0.06%	0.06%	0.06%
EW	F	0.11%	0.1%	0.1%
EXC	A	0.18%	0.04%	0.04%
EXPD	D	0.05%	0.11%	0.05%
F	D	0.19%	0.11%	0.11%
FAST	C	0.09%	0.34%	0.09%
FDS	C	0.04%	0.11%	0.04%
FDX	F	0.27%	0.14%	0.14%
FE	C	0.1%	0.06%	0.06%
FI	A	0.22%	0.19%	0.19%
FIS	B	0.2%	0.03%	0.03%
FITB	C	0.13%	0.02%	0.02%
GD	C	0.34%	0.14%	0.14%
GE	C	0.51%	0.28%	0.28%
GEHC	C	0.19%	0.03%	0.03%
GEV	A	0.17%	0.07%	0.07%
GILD	A	0.46%	0.18%	0.18%
GIS	C	0.18%	0.05%	0.05%
GLW	C	0.15%	0.07%	0.07%
GPC	D	0.09%	0.07%	0.07%
GPN	F	0.11%	0.04%	0.04%
GRMN	D	0.06%	0.1%	0.06%
GWW	B	0.05%	0.42%	0.05%
HAL	D	0.11%	0.03%	0.03%
HBAN	D	0.1%	0.03%	0.03%
HCA	C	0.17%	0.12%	0.12%
HD	A	1.11%	0.83%	0.83%
HIG	B	0.15%	0.23%	0.15%
HOLX	D	0.08%	0.16%	0.08%
HON	C	0.6%	0.16%	0.16%
HPE	B	0.12%	0.3%	0.12%
HPQ	B	0.15%	0.08%	0.08%
HST	D	0.02%	0.18%	0.02%
HSY	F	0.08%	0.08%	0.08%
HUBB	B	0.06%	0.08%	0.06%
HUM	F	0.17%	0.04%	0.04%
HWM	A	0.08%	0.11%	0.08%
IBM	A	0.91%	0.43%	0.43%
ICE	A	0.41%	0.19%	0.19%
IDXX	D	0.08%	0.32%	0.08%
IEX	D	0.07%	0.14%	0.07%
IFF	C	0.12%	0.04%	0.04%
INTC	D	0.45%	0.08%	0.08%
INVH	F	0.09%	0.08%	0.08%
IP	C	0.08%	0.05%	0.05%
IPG	D	0.05%	0.12%	0.05%
IQV	F	0.11%	0.09%	0.09%
IR	B	0.04%	0.1%	0.04%
IRM	A	0.08%	0.12%	0.08%
ISRG	C	0.26%	0.17%	0.17%
ITW	B	0.17%	0.22%	0.17%
J	F	0.09%	0.06%	0.06%
JBL	C	0.03%	0.14%	0.03%
JCI	C	0.23%	0.02%	0.02%
JKHY	A	0.06%	0.13%	0.06%
JNJ	D	1.73%	0.65%	0.65%
JPM	D	2.67%	0.98%	0.98%
K	A	0.1%	0.05%	0.05%
KDP	C	0.18%	0.06%	0.06%
KEY	C	0.07%	0.02%	0.02%
KEYS	C	0.12%	0.1%	0.1%
KHC	F	0.14%	0.07%	0.07%
KMB	D	0.21%	0.15%	0.15%
KMI	A	0.19%	0.21%	0.19%
KO	C	0.76%	0.35%	0.35%
KR	C	0.17%	0.42%	0.17%
KVUE	C	0.2%	0.06%	0.06%
L	D	0.06%	0.17%	0.06%
LDOS	A	0.1%	0.23%	0.1%
LEN	B	0.09%	0.34%	0.09%
LHX	A	0.2%	0.05%	0.05%
LIN	B	0.49%	0.25%	0.25%
LKQ	F	0.05%	0.18%	0.05%
LMT	A	0.55%	0.11%	0.11%
LNT	A	0.07%	0.09%	0.07%
LOW	A	0.68%	0.41%	0.41%
LVS	B	0.03%	0.04%	0.03%
LYB	F	0.11%	0.11%	0.11%
MA	A	0.51%	0.79%	0.51%
MAA	D	0.08%	0.06%	0.06%
MAS	A	0.04%	0.19%	0.04%
MCD	A	0.54%	0.2%	0.2%
MCHP	F	0.08%	0.11%	0.08%
MCK	F	0.28%	0.17%	0.17%
MCO	D	0.18%	0.32%	0.18%
MDLZ	D	0.26%	0.09%	0.09%
MDT	C	0.51%	0.08%	0.08%
MET	B	0.22%	0.06%	0.06%
MLM	F	0.05%	0.05%	0.05%
MMC	D	0.24%	0.3%	0.24%
MMM	C	0.34%	0.09%	0.09%
MNST	D	0.07%	0.06%	0.06%
MO	D	0.39%	0.16%	0.16%
MOH	D	0.04%	0.02%	0.02%
MPC	C	0.11%	0.25%	0.11%
MRK	F	0.77%	0.49%	0.49%
MRO	C	0.03%	0.09%	0.03%
MS	B	0.58%	0.17%	0.17%
MSI	A	0.14%	0.3%	0.14%
MTB	C	0.13%	0.05%	0.05%
MTD	B	0.09%	0.29%	0.09%
MU	D	0.53%	0.12%	0.12%
NDAQ	B	0.13%	0.05%	0.05%
NDSN	C	0.06%	0.11%	0.06%
NEE	A	0.77%	0.08%	0.08%
NI	A	0.07%	0.07%	0.07%
NKE	D	0.27%	0.2%	0.2%
NOC	B	0.32%	0.02%	0.02%
NRG	A	0.08%	0.16%	0.08%
NTAP	D	0.07%	0.15%	0.07%
NTRS	C	0.08%	0.13%	0.08%
NUE	C	0.06%	0.16%	0.06%
O	A	0.24%	0.02%	0.02%
OKE	A	0.09%	0.15%	0.09%
OMC	C	0.09%	0.15%	0.09%
ON	F	0.08%	0.1%	0.08%
ORLY	A	0.08%	0.29%	0.08%
OTIS	A	0.11%	0.17%	0.11%
OXY	D	0.15%	0.04%	0.04%
PAYX	A	0.11%	0.07%	0.07%
PCAR	C	0.06%	0.09%	0.06%
PCG	C	0.19%	0.03%	0.03%
PEG	A	0.2%	0.09%	0.09%
PEP	F	0.67%	0.38%	0.38%
PFE	D	0.73%	0.05%	0.05%
PFG	C	0.08%	0.19%	0.08%
PG	D	1.11%	0.62%	0.62%
PGR	C	0.33%	0.21%	0.21%
PH	B	0.08%	0.16%	0.08%
PKG	B	0.09%	0.1%	0.09%
PM	D	0.53%	0.31%	0.31%
PNC	C	0.32%	0.07%	0.07%
PODD	C	0.05%	0.12%	0.05%
POOL	B	0.03%	0.06%	0.03%
PPG	D	0.14%	0.1%	0.1%
PPL	B	0.11%	0.08%	0.08%
PRU	C	0.19%	0.13%	0.13%
PSA	C	0.15%	0.02%	0.02%
PSX	D	0.24%	0.17%	0.17%
PTC	D	0.04%	0.17%	0.04%
PWR	B	0.06%	0.08%	0.06%
PYPL	C	0.35%	0.08%	0.08%
QCOM	C	0.41%	0.39%	0.39%
REGN	D	0.2%	0.29%	0.2%
RF	C	0.09%	0.03%	0.03%
RJF	B	0.1%	0.1%	0.1%
RMD	C	0.16%	0.02%	0.02%
ROP	C	0.15%	0.23%	0.15%
RPM	B	0.03%	0.13%	0.03%
RSG	C	0.08%	0.2%	0.08%
RTX	A	0.71%	0.19%	0.19%
SCHW	D	0.43%	0.04%	0.04%
SHW	C	0.2%	0.22%	0.2%
SJM	D	0.06%	0.02%	0.02%
SNA	A	0.04%	0.1%	0.04%
SO	A	0.44%	0.09%	0.09%
SPG	A	0.14%	0.06%	0.06%
SPGI	B	0.41%	0.13%	0.13%
SRE	B	0.23%	0.05%	0.05%
STE	D	0.05%	0.07%	0.05%
STLD	B	0.03%	0.11%	0.03%
STT	C	0.12%	0.22%	0.12%
STX	B	0.06%	0.07%	0.06%
STZ	D	0.18%	0.08%	0.08%
SWK	C	0.08%	0.18%	0.08%
SWKS	F	0.07%	0.18%	0.07%
SYF	B	0.09%	0.33%	0.09%
SYK	C	0.2%	0.15%	0.15%
SYY	D	0.17%	0.22%	0.17%
T	A	0.7%	0.33%	0.33%
TDY	A	0.09%	0.12%	0.09%
TER	C	0.1%	0.12%	0.1%
TGT	D	0.32%	0.21%	0.21%
TJX	D	0.21%	0.41%	0.21%
TMO	D	0.65%	0.24%	0.24%
TMUS	A	0.45%	0.25%	0.25%
TRMB	B	0.07%	0.06%	0.06%
TROW	D	0.11%	0.07%	0.07%
TRV	C	0.24%	0.13%	0.13%
TSCO	B	0.08%	0.2%	0.08%
TSN	D	0.08%	0.05%	0.05%
TT	A	0.12%	0.14%	0.12%
TTWO	F	0.06%	0.06%	0.06%
TXN	C	0.54%	0.27%	0.27%
TXT	F	0.07%	0.17%	0.07%
ULTA	D	0.03%	0.25%	0.03%
UNH	B	1.48%	0.85%	0.85%
UNP	D	0.36%	0.06%	0.06%
USB	D	0.32%	0.05%	0.05%
V	C	0.7%	0.72%	0.7%
VICI	C	0.15%	0.09%	0.09%
VLO	D	0.19%	0.22%	0.19%
VLTO	A	0.12%	0.11%	0.11%
VMC	D	0.05%	0.06%	0.05%
VRSK	C	0.08%	0.11%	0.08%
VRSN	B	0.04%	0.34%	0.04%
VRTX	D	0.19%	0.25%	0.19%
VTR	C	0.12%	0.02%	0.02%
VTRS	D	0.06%	0.34%	0.06%
VZ	B	0.84%	0.26%	0.26%
WAB	B	0.14%	0.21%	0.14%
WAT	B	0.06%	0.08%	0.06%
WBD	D	0.08%	0.25%	0.08%
WDC	C	0.1%	0.07%	0.07%
WEC	A	0.13%	0.03%	0.03%
WELL	C	0.33%	0.07%	0.07%
WFC	F	0.85%	0.26%	0.26%
WM	B	0.18%	0.15%	0.15%
WMB	A	0.15%	0.2%	0.15%
WMT	A	1.54%	0.93%	0.93%
WPC	C	0.06%	0.05%	0.05%
WRB	C	0.08%	0.08%	0.08%
WTW	C	0.13%	0.03%	0.03%
WY	C	0.11%	0.04%	0.04%
XOM	A	2.29%	0.75%	0.75%
XYL	C	0.15%	0.09%	0.09%
YUM	B	0.09%	0.27%	0.09%
ZBH	F	0.1%	0.08%	0.08%
ZTS	C	0.18%	0.15%	0.15%

IUSV Overweight 399 Positions Relative to GSLC

Symbol	Grade	Weight
GS	D	0.7%
PLD	D	0.52%
UPS	D	0.44%
APD	C	0.3%
NEM	C	0.28%
AMT	C	0.28%
SLB	D	0.27%
NSC	D	0.25%
TFC	D	0.25%
CCI	C	0.23%
BA	F	0.23%
GM	D	0.23%
D	A	0.21%
EQIX	C	0.2%
SBUX	C	0.2%
DD	C	0.17%
EXR	C	0.17%
COR	F	0.17%
BKR	B	0.16%
XEL	B	0.16%
FCX	B	0.16%
ABNB	D	0.13%
AWK	C	0.13%
FSLR	C	0.12%
TEL	D	0.12%
ES	D	0.11%
SW	C	0.11%
EQT	B	0.1%
EFX	C	0.1%
MRNA	F	0.1%
AEE	A	0.1%
MSCI	B	0.09%
APTV	D	0.09%
BAX	D	0.09%
BALL	C	0.09%
ILMN	B	0.09%
MKC	C	0.09%
CSGP	F	0.08%
LUV	B	0.08%
LH	D	0.08%
ZBRA	C	0.08%
UAL	B	0.08%
USFD	C	0.07%
GEN	B	0.07%
SBAC	C	0.07%
RVTY	C	0.07%
KIM	C	0.07%
NXPI	F	0.07%
THC	D	0.07%
ROK	C	0.07%
DOC	C	0.07%
AMCR	C	0.07%
TECH	D	0.06%
JLL	C	0.06%
JNPR	B	0.06%
COO	C	0.06%
FFIV	B	0.06%
CHRW	C	0.06%
CPT	C	0.06%
EMN	C	0.06%
UDR	C	0.06%
UHS	D	0.06%
COHR	A	0.06%
JBHT	D	0.06%
RGA	C	0.06%
AES	C	0.06%
FNF	B	0.06%
AA	B	0.05%
ARMK	B	0.05%
NLY	C	0.05%
CRL	F	0.05%
HII	F	0.05%
AIZ	B	0.05%
DXCM	F	0.05%
INCY	B	0.05%
BJ	C	0.05%
CTLT	A	0.05%
TPR	C	0.05%
RRX	C	0.05%
ALB	D	0.05%
REG	C	0.05%
TFX	C	0.05%
BXP	C	0.05%
KMX	F	0.05%
PFGC	A	0.05%
IVZ	B	0.04%
BERY	C	0.04%
FYBR	C	0.04%
GLPI	A	0.04%
WBS	D	0.04%
ROL	C	0.04%
X	F	0.04%
GMED	D	0.04%
FLR	C	0.04%
OGE	A	0.04%
FMC	C	0.04%
MHK	B	0.04%
BWA	C	0.04%
FHN	D	0.04%
AR	B	0.04%
UNM	A	0.04%
ORI	B	0.04%
LAD	C	0.04%
FRT	D	0.04%
MOS	F	0.04%
GME	D	0.04%
UTHR	C	0.04%
KNX	D	0.04%
GPK	D	0.04%
SNX	D	0.04%
CHK	D	0.04%
SOLV	C	0.04%
HSIC	D	0.04%
HRL	F	0.04%
HAS	B	0.04%
GL	C	0.04%
FOXA	A	0.04%
ALLY	F	0.04%
SF	A	0.04%
MKTX	B	0.04%
QRVO	F	0.04%
AFG	B	0.04%
MTCH	B	0.04%
ENPH	F	0.04%
CPB	D	0.04%
JEF	A	0.04%
PNW	B	0.04%
CNH	D	0.04%
NWSA	D	0.04%
TAP	D	0.04%
SRCL	A	0.03%
NNN	A	0.03%
SCI	D	0.03%
ERIE	B	0.03%
INGR	B	0.03%
KRG	C	0.03%
PVH	F	0.03%
DKS	D	0.03%
THO	C	0.03%
WHR	C	0.03%
BMRN	F	0.03%
VMI	B	0.03%
DAR	F	0.03%
CCK	C	0.03%
ONB	D	0.03%
AGCO	D	0.03%
CLF	F	0.03%
IBKR	A	0.03%
OHI	C	0.03%
RNR	A	0.03%
SNV	D	0.03%
SFM	A	0.03%
BIO	B	0.03%
CMC	D	0.03%
R	C	0.03%
G	A	0.03%
NOV	F	0.03%
PARA	F	0.03%
WBA	F	0.03%
BEN	F	0.03%
VNO	A	0.03%
OSK	F	0.03%
LEA	F	0.03%
STWD	C	0.03%
HR	D	0.03%
FBIN	B	0.03%
BURL	D	0.03%
REXR	D	0.03%
XPO	F	0.03%
PB	D	0.03%
ZION	D	0.03%
FAF	C	0.03%
CACI	A	0.03%
ESNT	C	0.03%
WTFC	C	0.03%
ARW	C	0.03%
SSB	C	0.03%
TMHC	C	0.03%
BBWI	F	0.03%
DINO	D	0.03%
ACM	A	0.03%
ADC	B	0.03%
MTZ	A	0.03%
AAL	D	0.03%
WCC	D	0.03%
ALLE	A	0.03%
GBCI	C	0.02%
EHC	B	0.02%
EWBC	D	0.02%
AMG	B	0.02%
SON	D	0.02%
CUBE	C	0.02%
CIEN	A	0.02%
THG	C	0.02%
UGI	C	0.02%
KD	D	0.02%
XRAY	D	0.02%
POST	D	0.02%
NFG	A	0.02%
COLB	C	0.02%
MDU	C	0.02%
ST	F	0.02%
TPL	A	0.02%
NVST	D	0.02%
DVA	C	0.02%
IDA	D	0.02%
NYCB	D	0.02%
SEIC	B	0.02%
PRGO	F	0.02%
NWE	B	0.02%
RL	B	0.02%
OLN	C	0.02%
AMKR	F	0.02%
EGP	D	0.02%
STAG	D	0.02%
MAN	D	0.02%
CHE	C	0.02%
FLS	B	0.02%
CNO	C	0.02%
ALE	A	0.02%
GNRC	B	0.02%
MAT	D	0.02%
CZR	B	0.02%
BRBR	A	0.02%
KMPR	D	0.02%
MIDD	D	0.02%
DCI	C	0.02%
MKSI	F	0.02%
CNM	F	0.02%
FR	D	0.02%
CGNX	F	0.02%
VLY	C	0.02%
PNM	B	0.02%
SR	D	0.02%
JAZZ	F	0.02%
AYI	A	0.02%
MTG	B	0.02%
OGS	C	0.02%
ORA	C	0.02%
CFR	D	0.02%
AOS	B	0.02%
KRC	C	0.02%
SLGN	C	0.02%
CBSH	D	0.02%
ASGN	D	0.02%
DAY	B	0.02%
ASH	F	0.02%
SBRA	C	0.02%
KEX	C	0.02%
LITE	A	0.02%
ATR	A	0.02%
M	F	0.02%
BKH	C	0.02%
CW	A	0.02%
PNFP	D	0.02%
CUZ	C	0.02%
FLO	D	0.02%
RGLD	C	0.02%
PII	D	0.02%
SWX	C	0.02%
AVNT	C	0.02%
IRT	D	0.02%
UMBF	C	0.02%
WAL	C	0.02%
VOYA	A	0.02%
BRX	C	0.02%
TTC	D	0.02%
KBR	B	0.02%
PAYC	D	0.02%
HOG	D	0.02%
SAIC	A	0.02%
ELS	D	0.02%
TKO	A	0.02%
CG	B	0.02%
NJR	C	0.02%
UBSI	D	0.02%
GAP	F	0.02%
AN	D	0.02%
BDC	B	0.02%
AVT	C	0.02%
AMH	D	0.02%
JHG	B	0.02%
LAMR	C	0.02%
HOMB	D	0.02%
FNB	D	0.02%
WTRG	D	0.02%
PNR	B	0.02%
POR	D	0.02%
NXST	F	0.02%
FOX	A	0.02%
ALTM	D	0.01%
IPGP	D	0.01%
YETI	C	0.01%
BLKB	C	0.01%
WEN	D	0.01%
PSN	A	0.01%
EPR	C	0.01%
SAM	C	0.01%
KNF	C	0.01%
VC	F	0.01%
COLM	D	0.01%
MMS	C	0.01%
NSP	F	0.01%
TEX	F	0.01%
CADE	D	0.01%
GEF	D	0.01%
HAE	D	0.01%
NSA	C	0.01%
VNOM	A	0.01%
CHH	C	0.01%
UAA	B	0.01%
PPC	D	0.01%
LIVN	B	0.01%
POWI	F	0.01%
SYNA	F	0.01%
AMED	D	0.01%
MSM	D	0.01%
IBOC	D	0.01%
EQH	C	0.01%
LANC	F	0.01%
IRDM	B	0.01%
ROIV	D	0.01%
DLB	C	0.01%
CHX	C	0.01%
EEFT	F	0.01%
LFUS	D	0.01%
CBT	C	0.01%
HWC	D	0.01%
CDP	A	0.01%
LSTR	F	0.01%
ZI	D	0.01%
AM	A	0.01%
JWN	D	0.01%
VSH	F	0.01%
SMG	B	0.01%
RCM	B	0.01%
MASI	B	0.01%
RLI	A	0.01%
OZK	D	0.01%
WH	C	0.01%
BC	D	0.01%
GXO	D	0.01%
SRPT	F	0.01%
ENS	D	0.01%
MTN	D	0.01%
CPRI	B	0.01%
LPX	C	0.01%
CNXC	F	0.01%
CRI	D	0.01%
ENOV	F	0.01%
MTSI	C	0.01%
ALGM	F	0.01%
GT	F	0.01%
OPCH	F	0.01%
VAC	D	0.01%
SIGI	D	0.01%
GNTX	D	0.01%
NOVT	D	0.01%
HXL	F	0.01%
DOCS	A	0.01%
BHF	F	0.01%
RYN	C	0.01%
EXLS	A	0.01%
EVR	C	0.01%
GHC	C	0.01%
CVLT	C	0.01%
MUR	F	0.01%
EXPO	A	0.01%
DTM	A	0.01%
CRUS	D	0.01%
FFIN	D	0.01%
ALV	F	0.01%
CXT	F	0.01%
RH	C	0.01%
SLM	C	0.01%
MGM	C	0.01%
FHI	C	0.01%
WU	D	0.01%
CC	D	0.01%
AZPN	B	0.01%
KBH	C	0.01%
GATX	F	0.01%
PBF	F	0.01%
BRKR	D	0.01%
PAG	D	0.01%
NWS	D	0.01%
ASB	F	0.01%
NEOG	F	0.01%
PCH	C	0.01%
LW	D	0.01%
CYTK	D	0.01%
TCBI	C	0.01%
TKR	D	0.01%
HQY	C	0.01%
AZTA	F	0.0%
WMG	C	0.0%
TNL	C	0.0%
HGV	F	0.0%
UA	B	0.0%

IUSV Underweight 96 Positions Relative to GSLC

Symbol	Grade	Weight
AAPL	C	-6.4%
MSFT	D	-5.94%
NVDA	B	-5.46%
AMZN	C	-3.13%
META	A	-2.64%
GOOGL	B	-1.86%
GOOG	B	-1.72%
LLY	D	-1.41%
AVGO	C	-1.21%
TSLA	C	-0.69%
ADBE	F	-0.51%
BLDR	B	-0.5%
FICO	A	-0.44%
AMAT	B	-0.43%
CRM	B	-0.42%
BKNG	C	-0.42%
AMD	B	-0.33%
NFLX	B	-0.33%
PHM	A	-0.33%
LRCX	D	-0.33%
CDNS	D	-0.32%
NOW	C	-0.31%
MANH	C	-0.3%
ORCL	C	-0.29%
INTU	F	-0.28%
FTNT	B	-0.25%
KLAC	B	-0.25%
DECK	B	-0.25%
VST	B	-0.24%
PINS	C	-0.24%
SSNC	C	-0.24%
IT	B	-0.23%
APO	B	-0.22%
ANET	A	-0.21%
LII	C	-0.21%
SNPS	F	-0.21%
HUBS	D	-0.19%
NTNX	C	-0.19%
DHI	C	-0.18%
EXPE	B	-0.18%
ZM	C	-0.18%
ACGL	B	-0.18%
GDDY	D	-0.18%
TEAM	D	-0.18%
PANW	D	-0.18%
UBER	C	-0.16%
WSM	B	-0.15%
PSTG	F	-0.15%
HLT	B	-0.14%
CE	C	-0.13%
TDG	B	-0.13%
RS	D	-0.13%
CRWD	D	-0.12%
EME	C	-0.12%
MKL	C	-0.12%
VRT	B	-0.12%
FCNCA	D	-0.11%
CMG	C	-0.11%
LPLA	C	-0.11%
TRGP	A	-0.1%
OC	C	-0.1%
KKR	C	-0.1%
RCL	C	-0.1%
NVR	B	-0.09%
MAR	B	-0.09%
ROST	D	-0.09%
CSL	A	-0.09%
GGG	C	-0.09%
WSO	C	-0.08%
FTV	C	-0.08%
MSTR	B	-0.08%
CPRT	C	-0.08%
ARES	A	-0.07%
MPWR	B	-0.07%
BAH	A	-0.07%
COIN	F	-0.06%
TYL	B	-0.06%
AXON	A	-0.06%
LNG	A	-0.06%
ALNY	C	-0.05%
SUI	D	-0.05%
OKTA	F	-0.05%
LECO	F	-0.05%
DASH	B	-0.05%
CPAY	A	-0.05%
FANG	C	-0.05%
SMCI	F	-0.05%
WDAY	D	-0.04%
OVV	D	-0.04%
LYV	B	-0.03%
ODFL	F	-0.03%
ZS	F	-0.03%
URI	C	-0.02%
RBLX	D	-0.02%
DDOG	C	-0.02%
APA	F	-0.02%