SPY vs. GSUS ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Goldman Sachs MarketBeta U.S. Equity ETF (GSUS)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$593.35

Average Daily Volume

44,032,875

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

GSUS

Goldman Sachs MarketBeta U.S. Equity ETF

GSUS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS United States Large & Mid Cap Index. The fund invests 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 consists of equity securities of large and mid-capitalization equity issuers covering approximately the largest 85% of the free-float market capitalization in the United States.

Grade (RS Rating)

Last Trade

$81.81

Average Daily Volume

106,712

Number of Holdings ^*

449

* may have additional holdings in another (foreign) market

Performance

Period	SPY	GSUS
30 Days	2.34%	2.67%
60 Days	5.90%	6.25%
90 Days	7.37%	7.69%
12 Months	33.73%	33.46%

403 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in GSUS	Overlap
	A	F	0.08%	0.08%	0.08%
	AAPL	C	6.75%	6.6%	6.6%
	ABBV	F	0.71%	0.6%	0.6%
	ABNB	C	0.12%	0.11%	0.11%
	ABT	C	0.4%	0.4%	0.4%
	ACGL	C	0.08%	0.07%	0.07%
	ACN	B	0.44%	0.45%	0.44%
	ADBE	C	0.45%	0.46%	0.45%
	ADI	D	0.22%	0.22%	0.22%
	ADM	F	0.05%	0.05%	0.05%
	ADP	A	0.25%	0.25%	0.25%
	ADSK	B	0.13%	0.13%	0.13%
	AEE	B	0.05%	0.05%	0.05%
	AEP	D	0.1%	0.1%	0.1%
	AFL	C	0.11%	0.11%	0.11%
	AIG	B	0.1%	0.1%	0.1%
	AJG	A	0.13%	0.13%	0.13%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.1%	0.1%	0.1%
	AMAT	F	0.31%	0.31%	0.31%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.47%	0.46%	0.46%
	AME	A	0.09%	0.09%	0.09%
	AMGN	F	0.34%	0.32%	0.32%
	AMP	A	0.11%	0.11%	0.11%
	AMT	F	0.18%	0.18%	0.18%
	AMZN	A	3.86%	3.9%	3.86%
	ANET	C	0.22%	0.19%	0.19%
	ANSS	B	0.06%	0.06%	0.06%
	AON	B	0.17%	0.15%	0.15%
	APD	B	0.14%	0.14%	0.14%
	APH	B	0.17%	0.17%	0.17%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.03%	0.03%
	ATO	B	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.07%	0.06%
	AVGO	C	1.67%	1.6%	1.6%
	AWK	D	0.05%	0.05%	0.05%
	AXP	B	0.33%	0.32%	0.32%
	AZO	B	0.11%	0.11%	0.11%
	BA	F	0.21%	0.17%	0.17%
	BAC	A	0.61%	0.61%	0.61%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.04%	0.03%	0.03%
	BBY	C	0.04%	0.03%	0.03%
	BDX	F	0.14%	0.13%	0.13%
	BIIB	F	0.05%	0.05%	0.05%
	BK	B	0.12%	0.11%	0.11%
	BKNG	A	0.33%	0.33%	0.33%
	BKR	B	0.08%	0.09%	0.08%
	BMY	B	0.22%	0.24%	0.22%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.71%	1.23%	1.23%
	BSX	A	0.25%	0.26%	0.25%
	BX	A	0.25%	0.26%	0.25%
	C	B	0.26%	0.26%	0.26%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	C	0.13%	0.13%	0.13%
	CAT	B	0.4%	0.38%	0.38%
	CB	C	0.21%	0.23%	0.21%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	F	0.09%	0.09%	0.09%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.16%	0.16%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.15%	0.14%	0.14%
	CFG	B	0.04%	0.04%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHTR	B	0.08%	0.08%	0.08%
	CI	D	0.18%	0.19%	0.18%
	CINF	A	0.05%	0.05%	0.05%
	CL	F	0.15%	0.15%	0.15%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.34%	0.34%
	CME	B	0.16%	0.16%	0.16%
	CMG	B	0.16%	0.16%	0.16%
	CMI	A	0.1%	0.1%	0.1%
	CMS	D	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.06%	0.06%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.15%	0.14%	0.14%
	COP	C	0.26%	0.26%	0.26%
	COR	B	0.09%	0.09%	0.09%
	COST	B	0.79%	0.82%	0.79%
	CPAY	A	0.05%	0.05%	0.05%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	A	0.1%	0.1%	0.1%
	CRM	B	0.59%	0.63%	0.59%
	CRWD	B	0.15%	0.16%	0.15%
	CSCO	A	0.46%	0.47%	0.46%
	CSGP	F	0.06%	0.06%	0.06%
	CSX	B	0.14%	0.14%	0.14%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.04%	0.04%
	CTSH	A	0.08%	0.08%	0.08%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.14%	0.14%
	CVX	A	0.53%	0.53%	0.53%
	D	D	0.1%	0.09%	0.09%
	DAL	A	0.08%	0.08%	0.08%
	DD	D	0.07%	0.06%	0.06%
	DE	D	0.21%	0.2%	0.2%
	DELL	C	0.08%	0.08%	0.08%
	DFS	B	0.09%	0.09%	0.09%
	DG	F	0.03%	0.03%	0.03%
	DGX	B	0.03%	0.04%	0.03%
	DHI	D	0.1%	0.09%	0.09%
	DHR	F	0.32%	0.31%	0.31%
	DIS	B	0.36%	0.36%	0.36%
	DLR	C	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.06%	0.06%
	DOW	F	0.07%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.17%	0.17%	0.17%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	C	0.05%	0.06%	0.05%
	EA	A	0.08%	0.08%	0.08%
	EBAY	C	0.06%	0.06%	0.06%
	ECL	C	0.12%	0.13%	0.12%
	ED	D	0.07%	0.07%	0.07%
	EFX	F	0.07%	0.06%	0.06%
	EG	D	0.03%	0.02%	0.02%
	EIX	C	0.06%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.2%	0.19%	0.19%
	EMR	A	0.14%	0.15%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.14%	0.15%	0.14%
	EQIX	B	0.17%	0.17%	0.17%
	EQR	C	0.05%	0.05%	0.05%
	ES	D	0.04%	0.04%	0.04%
	ESS	C	0.04%	0.04%	0.04%
	ETN	B	0.28%	0.29%	0.28%
	ETR	B	0.06%	0.06%	0.06%
	EW	F	0.08%	0.08%	0.08%
	EXC	C	0.08%	0.08%	0.08%
	EXPD	C	0.03%	0.03%	0.03%
	EXPE	B	0.04%	0.05%	0.04%
	EXR	D	0.07%	0.07%	0.07%
	F	C	0.09%	0.09%	0.09%
	FANG	C	0.07%	0.06%	0.06%
	FAST	B	0.1%	0.09%	0.09%
	FCX	F	0.13%	0.12%	0.12%
	FDX	B	0.13%	0.13%	0.13%
	FE	D	0.04%	0.05%	0.04%
	FI	A	0.24%	0.24%	0.24%
	FICO	B	0.1%	0.11%	0.1%
	FIS	B	0.09%	0.1%	0.09%
	FITB	A	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FTNT	B	0.1%	0.12%	0.1%
	FTV	C	0.05%	0.05%	0.05%
	GD	C	0.16%	0.14%	0.14%
	GE	D	0.39%	0.39%	0.39%
	GEHC	D	0.08%	0.07%	0.07%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.18%	0.18%	0.18%
	GILD	B	0.23%	0.23%	0.23%
	GIS	F	0.07%	0.07%	0.07%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.12%	0.13%	0.12%
	GOOG	C	1.71%	1.9%	1.71%
	GOOGL	C	2.06%	2.11%	2.06%
	GPC	D	0.03%	0.03%	0.03%
	GPN	B	0.06%	0.06%	0.06%
	GRMN	A	0.06%	0.07%	0.06%
	GS	B	0.37%	0.37%	0.37%
	GWW	B	0.11%	0.11%	0.11%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	A	0.05%	0.05%	0.05%
	HCA	D	0.13%	0.13%	0.13%
	HD	B	0.77%	0.8%	0.77%
	HES	B	0.08%	0.08%	0.08%
	HIG	C	0.07%	0.07%	0.07%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.28%	0.3%	0.28%
	HPE	B	0.06%	0.06%	0.06%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUM	D	0.07%	0.07%	0.07%
	HWM	B	0.09%	0.09%	0.09%
	IBM	D	0.39%	0.39%	0.39%
	ICE	C	0.18%	0.18%	0.18%
	IDXX	F	0.07%	0.07%	0.07%
	IFF	F	0.04%	0.05%	0.04%
	INTC	C	0.21%	0.21%	0.21%
	INTU	A	0.36%	0.38%	0.36%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.04%	0.04%
	IQV	F	0.08%	0.08%	0.08%
	IR	A	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.38%	0.36%
	IT	B	0.08%	0.08%	0.08%
	ITW	B	0.15%	0.16%	0.15%
	JBHT	C	0.03%	0.03%	0.03%
	JCI	A	0.11%	0.11%	0.11%
	JNJ	D	0.76%	0.73%	0.73%
	JPM	A	1.4%	1.35%	1.35%
	K	A	0.04%	0.04%	0.04%
	KDP	C	0.07%	0.07%	0.07%
	KEY	B	0.04%	0.04%	0.04%
	KEYS	C	0.06%	0.06%	0.06%
	KHC	F	0.06%	0.05%	0.05%
	KKR	B	0.2%	0.2%	0.2%
	KLAC	F	0.18%	0.18%	0.18%
	KMB	D	0.09%	0.09%	0.09%
	KMI	B	0.1%	0.11%	0.1%
	KO	F	0.49%	0.49%	0.49%
	KR	A	0.08%	0.08%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.08%	0.0%	0.0%
	LEN	D	0.08%	0.08%	0.08%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.1%	0.1%	0.1%
	LIN	D	0.44%	0.43%	0.43%
	LLY	F	1.22%	1.38%	1.22%
	LMT	D	0.23%	0.27%	0.23%
	LNT	C	0.03%	0.03%	0.03%
	LOW	B	0.3%	0.3%	0.3%
	LRCX	F	0.2%	0.19%	0.19%
	LULU	B	0.07%	0.07%	0.07%
	LUV	B	0.04%	0.04%	0.04%
	LVS	C	0.04%	0.04%	0.04%
	LYB	F	0.04%	0.04%	0.04%
	LYV	A	0.04%	0.04%	0.04%
	MA	B	0.86%	0.86%	0.86%
	MAA	C	0.04%	0.04%	0.04%
	MAR	A	0.13%	0.14%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCD	C	0.42%	0.43%	0.42%
	MCHP	F	0.08%	0.07%	0.07%
	MCK	B	0.14%	0.16%	0.14%
	MCO	C	0.14%	0.15%	0.14%
	MDLZ	F	0.18%	0.18%	0.18%
	MDT	D	0.23%	0.23%	0.23%
	MET	C	0.1%	0.1%	0.1%
	META	B	2.49%	2.53%	2.49%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.08%	0.07%	0.07%
	MMC	D	0.22%	0.22%	0.22%
	MMM	C	0.15%	0.14%	0.14%
	MNST	B	0.08%	0.08%	0.08%
	MO	A	0.18%	0.18%	0.18%
	MPC	D	0.1%	0.1%	0.1%
	MPWR	F	0.08%	0.06%	0.06%
	MRK	F	0.51%	0.5%	0.5%
	MRNA	F	0.03%	0.03%	0.03%
	MS	A	0.33%	0.33%	0.33%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	C	6.23%	6.17%	6.17%
	MSI	B	0.16%	0.17%	0.16%
	MTB	A	0.07%	0.07%	0.07%
	MTD	F	0.06%	0.05%	0.05%
	MU	D	0.25%	0.23%	0.23%
	NDAQ	B	0.06%	0.06%	0.06%
	NEE	D	0.31%	0.3%	0.3%
	NEM	F	0.1%	0.1%	0.1%
	NFLX	A	0.67%	0.68%	0.67%
	NKE	F	0.18%	0.18%	0.18%
	NOC	D	0.14%	0.15%	0.14%
	NOW	A	0.41%	0.43%	0.41%
	NSC	B	0.12%	0.12%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	D	0.08%	0.07%	0.07%
	NVDA	A	7.14%	6.95%	6.95%
	NVR	D	0.06%	0.05%	0.05%
	O	D	0.1%	0.1%	0.1%
	ODFL	B	0.09%	0.09%	0.09%
	OKE	A	0.12%	0.12%	0.12%
	OMC	A	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.61%	0.58%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	D	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.07%	0.07%
	PANW	B	0.25%	0.25%	0.25%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.12%	0.12%	0.12%
	PCG	A	0.09%	0.09%	0.09%
	PEG	C	0.08%	0.09%	0.08%
	PEP	D	0.45%	0.45%	0.45%
	PFE	F	0.31%	0.3%	0.3%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.76%	0.77%	0.76%
	PGR	A	0.3%	0.31%	0.3%
	PH	A	0.18%	0.18%	0.18%
	PHM	D	0.05%	0.05%	0.05%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.21%	0.21%	0.21%
	PLTR	B	0.22%	0.23%	0.22%
	PM	B	0.39%	0.39%	0.39%
	PNC	B	0.16%	0.17%	0.16%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.09%	0.09%
	PSA	D	0.1%	0.1%	0.1%
	PSX	C	0.11%	0.11%	0.11%
	PWR	B	0.09%	0.09%	0.09%
	PYPL	A	0.17%	0.18%	0.17%
	QCOM	F	0.38%	0.36%	0.36%
	RCL	A	0.11%	0.1%	0.1%
	REGN	F	0.17%	0.17%	0.17%
	RF	A	0.05%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RMD	C	0.07%	0.07%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.12%	0.12%
	ROST	D	0.09%	0.09%	0.09%
	RSG	B	0.08%	0.09%	0.08%
	RTX	D	0.32%	0.33%	0.32%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.22%	0.22%	0.22%
	SCHW	B	0.23%	0.23%	0.23%
	SHW	A	0.18%	0.18%	0.18%
	SLB	C	0.12%	0.13%	0.12%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	C	0.17%	0.17%	0.17%
	SO	D	0.19%	0.19%	0.19%
	SPG	A	0.11%	0.12%	0.11%
	SPGI	C	0.31%	0.32%	0.31%
	SRE	B	0.11%	0.12%	0.11%
	STE	D	0.04%	0.04%	0.04%
	STT	B	0.06%	0.06%	0.06%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.07%	0.07%	0.07%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.05%	0.05%
	SYK	A	0.25%	0.25%	0.25%
	SYY	D	0.08%	0.08%	0.08%
	T	A	0.32%	0.32%	0.32%
	TDG	D	0.15%	0.15%	0.15%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.13%	0.12%	0.12%
	TGT	C	0.14%	0.14%	0.14%
	TJX	A	0.26%	0.27%	0.26%
	TMO	F	0.43%	0.41%	0.41%
	TMUS	A	0.23%	0.23%	0.23%
	TRMB	B	0.04%	0.04%	0.04%
	TROW	A	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.6%	1.82%	1.6%
	TSN	B	0.03%	0.04%	0.03%
	TT	B	0.18%	0.18%	0.18%
	TTWO	A	0.05%	0.06%	0.05%
	TXN	B	0.39%	0.38%	0.38%
	TXT	D	0.03%	0.03%	0.03%
	UAL	A	0.06%	0.06%	0.06%
	UBER	F	0.31%	0.29%	0.29%
	ULTA	C	0.04%	0.04%	0.04%
	UNH	B	1.1%	1.13%	1.1%
	UNP	D	0.3%	0.29%	0.29%
	UPS	C	0.2%	0.19%	0.19%
	URI	B	0.12%	0.11%	0.11%
	USB	B	0.16%	0.15%	0.15%
	V	A	1.02%	1.03%	1.02%
	VICI	D	0.06%	0.06%	0.06%
	VLO	C	0.09%	0.09%	0.09%
	VMC	B	0.08%	0.08%	0.08%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.25%	0.25%
	VST	B	0.09%	0.1%	0.09%
	VTR	C	0.05%	0.05%	0.05%
	VZ	D	0.35%	0.34%	0.34%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.05%	0.05%	0.05%
	WBD	B	0.04%	0.04%	0.04%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.15%	0.16%	0.15%
	WFC	A	0.49%	0.49%	0.49%
	WM	A	0.16%	0.18%	0.16%
	WMB	B	0.13%	0.14%	0.13%
	WMT	A	0.72%	0.74%	0.72%
	WRB	B	0.04%	0.04%	0.04%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.06%	0.07%	0.06%
	WY	F	0.05%	0.04%	0.04%
	XEL	A	0.07%	0.08%	0.07%
	XOM	B	1.07%	1.06%	1.06%
	XYL	F	0.06%	0.06%	0.06%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	C	0.04%	0.05%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.16%	0.15%

SPY Overweight 96 Positions Relative to GSUS

	Symbol	Grade	Weight
	NXPI	F	0.12%
	TRGP	B	0.08%
	AXON	B	0.07%
	PTC	B	0.05%
	EQT	B	0.05%
	GDDY	B	0.05%
	DECK	B	0.05%
	HUBB	C	0.05%
	VLTO	D	0.05%
	TYL	B	0.05%
	BRO	B	0.05%
	SW	B	0.05%
	IEX	B	0.04%
	FDS	A	0.04%
	J	D	0.04%
	NRG	C	0.04%
	MOH	F	0.04%
	BLDR	C	0.04%
	FSLR	F	0.04%
	STLD	C	0.04%
	TDY	B	0.04%
	HST	D	0.03%
	DAY	B	0.03%
	JNPR	D	0.03%
	INCY	B	0.03%
	UDR	C	0.03%
	JKHY	C	0.03%
	VTRS	B	0.03%
	FFIV	B	0.03%
	EVRG	A	0.03%
	SWK	F	0.03%
	POOL	D	0.03%
	NDSN	B	0.03%
	CF	B	0.03%
	RVTY	C	0.03%
	JBL	C	0.03%
	NI	A	0.03%
	MRO	B	0.03%
	KIM	A	0.03%
	AVY	F	0.03%
	PODD	B	0.03%
	PNR	A	0.03%
	FMC	F	0.02%
	MHK	D	0.02%
	BWA	B	0.02%
	HII	F	0.02%
	WYNN	C	0.02%
	HAS	D	0.02%
	RL	B	0.02%
	IVZ	B	0.02%
	FRT	B	0.02%
	MGM	D	0.02%
	CZR	F	0.02%
	MOS	D	0.02%
	HSIC	F	0.02%
	AOS	F	0.02%
	APA	F	0.02%
	TFX	F	0.02%
	MTCH	F	0.02%
	TAP	B	0.02%
	GL	B	0.02%
	LKQ	C	0.02%
	AES	F	0.02%
	PNW	A	0.02%
	SOLV	C	0.02%
	MKTX	C	0.02%
	ERIE	F	0.02%
	AIZ	A	0.02%
	CTLT	D	0.02%
	NWSA	B	0.02%
	GNRC	B	0.02%
	CRL	C	0.02%
	PAYC	B	0.02%
	ALB	C	0.02%
	IPG	F	0.02%
	TPR	A	0.02%
	LW	B	0.02%
	EPAM	B	0.02%
	BXP	D	0.02%
	REG	A	0.02%
	TECH	D	0.02%
	KMX	B	0.02%
	UHS	D	0.02%
	EMN	D	0.02%
	BG	D	0.02%
	NCLH	B	0.02%
	ALLE	D	0.02%
	SJM	F	0.02%
	CHRW	A	0.02%
	CPT	C	0.02%
	NWS	B	0.01%
	WBA	D	0.01%
	BEN	C	0.01%
	PARA	B	0.01%
	DVA	C	0.01%
	QRVO	F	0.01%

SPY Underweight 46 Positions Relative to GSUS

	Symbol	Grade	Weight
	MELI	D	-0.18%
	MRVL	B	-0.16%
	COIN	B	-0.13%
	APP	B	-0.13%
	APO	B	-0.13%
	TTD	B	-0.12%
	SPOT	A	-0.12%
	WDAY	B	-0.11%
	DASH	A	-0.11%
	SQ	B	-0.1%
	LNG	B	-0.1%
	FLUT	A	-0.09%
	TEAM	B	-0.08%
	SNOW	C	-0.08%
	VRT	B	-0.08%
	ALNY	D	-0.07%
	HUBS	B	-0.07%
	VEEV	B	-0.07%
	DDOG	B	-0.07%
	ARES	B	-0.06%
	ZM	B	-0.05%
	ILMN	C	-0.05%
	CPNG	B	-0.05%
	NET	B	-0.05%
	RBLX	B	-0.05%
	CVNA	B	-0.05%
	IBKR	A	-0.04%
	PINS	F	-0.04%
	DKNG	B	-0.04%
	ZS	B	-0.04%
	TRU	D	-0.04%
	MDB	C	-0.04%
	MKL	A	-0.04%
	ARM	D	-0.03%
	AVTR	F	-0.03%
	FNF	C	-0.03%
	SSNC	C	-0.03%
	SCCO	F	-0.02%
	RPRX	F	-0.02%
	DOX	C	-0.02%
	SNAP	C	-0.02%
	AGR	C	-0.01%
	GFS	C	-0.01%
	WMG	B	-0.01%
	SIRI	C	-0.0%
	RKT	F	-0.0%

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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

GSUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Semiconductors Business Services Diversified Industrials Diagnostics & Research Specialty Retail Asset Management Banks - Regional - US Drug Manufacturers - Major Capital Markets Insurance - Property & Casualty Software - Infrastructure Aerospace & Defense Credit Services Household & Personal Products Internet Content & Information Medical Devices Medical Instruments & Supplies Oil & Gas E&P

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