BND vs. GUSA ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.28

Average Daily Volume

5,652,670

Number of Holdings ^*

546

* may have additional holdings in another (foreign) market

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

$49.51

Average Daily Volume

173

Number of Holdings ^*

969

* may have additional holdings in another (foreign) market

Performance

Period	BND	GUSA
30 Days	1.19%	2.33%
60 Days	3.71%	5.34%
90 Days	5.44%	5.78%
12 Months	11.71%	34.79%

448 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in GUSA	Overlap
A	C	0.01%	0.08%	0.01%
AAL	D	0.01%	0.01%	0.01%
AAPL	C	0.01%	6.22%	0.01%
ABBV	B	0.01%	0.65%	0.01%
ABT	C	0.01%	0.37%	0.01%
ACGL	B	0.01%	0.08%	0.01%
ADBE	F	0.01%	0.44%	0.01%
ADC	C	0.01%	0.01%	0.01%
ADI	C	0.01%	0.22%	0.01%
ADM	D	0.01%	0.06%	0.01%
ADP	C	0.01%	0.22%	0.01%
ADSK	B	0.01%	0.11%	0.01%
AEE	B	0.01%	0.04%	0.01%
AEP	C	0.01%	0.1%	0.01%
AES	C	0.01%	0.03%	0.01%
AFG	C	0.01%	0.02%	0.01%
AFL	A	0.01%	0.11%	0.01%
AGR	C	0.01%	0.0%	0.0%
AIG	D	0.01%	0.09%	0.01%
AIZ	B	0.01%	0.02%	0.01%
AJG	D	0.01%	0.11%	0.01%
AL	C	0.01%	0.01%	0.01%
ALB	D	0.01%	0.02%	0.01%
ALL	C	0.01%	0.1%	0.01%
ALLE	B	0.01%	0.02%	0.01%
ALLY	F	0.01%	0.02%	0.01%
AMAT	D	0.01%	0.31%	0.01%
AMCR	B	0.01%	0.03%	0.01%
AMG	C	0.01%	0.01%	0.01%
AMGN	D	0.01%	0.33%	0.01%
AMH	D	0.01%	0.03%	0.01%
AMP	B	0.01%	0.09%	0.01%
AMT	C	0.01%	0.21%	0.01%
AMZN	C	0.01%	3.41%	0.01%
AN	C	0.01%	0.01%	0.01%
AON	B	0.01%	0.13%	0.01%
APD	B	0.01%	0.12%	0.01%
APH	C	0.01%	0.15%	0.01%
APO	B	0.01%	0.1%	0.01%
APTV	D	0.01%	0.04%	0.01%
ARE	C	0.01%	0.04%	0.01%
ARW	B	0.01%	0.01%	0.01%
ATO	B	0.01%	0.04%	0.01%
AVB	C	0.01%	0.06%	0.01%
AVGO	C	0.01%	1.51%	0.01%
AVY	C	0.01%	0.03%	0.01%
AWK	C	0.01%	0.05%	0.01%
AXP	B	0.01%	0.29%	0.01%
AXS	B	0.01%	0.01%	0.01%
AYI	B	0.01%	0.02%	0.01%
AZO	B	0.01%	0.1%	0.01%
BA	F	0.01%	0.17%	0.01%
BAC	D	0.01%	0.51%	0.01%
BAX	C	0.01%	0.04%	0.01%
BBY	A	0.01%	0.04%	0.01%
BC	C	0.01%	0.01%	0.01%
BDX	D	0.01%	0.13%	0.01%
BEN	F	0.01%	0.01%	0.01%
BERY	B	0.01%	0.02%	0.01%
BG	F	0.01%	0.03%	0.01%
BIIB	F	0.01%	0.05%	0.01%
BK	B	0.01%	0.1%	0.01%
BKNG	B	0.01%	0.27%	0.01%
BLK	B	0.01%	0.26%	0.01%
BMY	C	0.01%	0.2%	0.01%
BR	C	0.01%	0.05%	0.01%
BRO	C	0.01%	0.05%	0.01%
BRX	C	0.01%	0.02%	0.01%
BSX	B	0.01%	0.23%	0.01%
BWA	C	0.01%	0.02%	0.01%
BXP	C	0.01%	0.02%	0.01%
C	C	0.01%	0.22%	0.01%
CACC	F	0.01%	0.01%	0.01%
CAG	B	0.01%	0.03%	0.01%
CAH	C	0.01%	0.05%	0.01%
CARR	B	0.01%	0.12%	0.01%
CAT	B	0.01%	0.36%	0.01%
CB	B	0.01%	0.22%	0.01%
CBOE	C	0.01%	0.04%	0.01%
CCI	C	0.01%	0.1%	0.01%
CDNS	D	0.01%	0.14%	0.01%
CE	D	0.01%	0.03%	0.01%
CF	B	0.01%	0.03%	0.01%
CFG	D	0.01%	0.04%	0.01%
CHD	C	0.01%	0.05%	0.01%
CHH	B	0.01%	0.01%	0.01%
CHRW	B	0.01%	0.02%	0.01%
CHTR	D	0.01%	0.06%	0.01%
CI	C	0.01%	0.19%	0.01%
CINF	C	0.01%	0.04%	0.01%
CL	C	0.01%	0.16%	0.01%
CLX	C	0.01%	0.04%	0.01%
CMA	C	0.01%	0.02%	0.01%
CMCSA	C	0.01%	0.3%	0.01%
CME	B	0.01%	0.15%	0.01%
CMI	B	0.01%	0.08%	0.01%
CMS	B	0.01%	0.04%	0.01%
CNA	D	0.01%	0.0%	0.0%
CNH	C	0.01%	0.02%	0.01%
CNP	C	0.01%	0.03%	0.01%
COF	B	0.01%	0.11%	0.01%
COKE	C	0.01%	0.01%	0.01%
COP	F	0.01%	0.24%	0.01%
COST	C	0.01%	0.76%	0.01%
CPB	C	0.01%	0.02%	0.01%
CPT	C	0.01%	0.03%	0.01%
CRM	C	0.01%	0.48%	0.01%
CSCO	B	0.01%	0.4%	0.01%
CSL	B	0.01%	0.04%	0.01%
CSX	C	0.01%	0.13%	0.01%
CTAS	C	0.01%	0.13%	0.01%
CTVA	B	0.01%	0.08%	0.01%
CUBE	C	0.01%	0.02%	0.01%
CVS	D	0.01%	0.14%	0.01%
CVX	F	0.01%	0.47%	0.01%
D	C	0.01%	0.09%	0.01%
DAL	C	0.01%	0.06%	0.01%
DD	B	0.01%	0.06%	0.01%
DE	A	0.01%	0.2%	0.01%
DELL	C	0.01%	0.06%	0.01%
DFS	C	0.01%	0.06%	0.01%
DG	F	0.01%	0.04%	0.01%
DGX	B	0.01%	0.03%	0.01%
DHI	C	0.01%	0.11%	0.01%
DHR	B	0.01%	0.34%	0.01%
DIS	D	0.01%	0.32%	0.01%
DLR	B	0.01%	0.1%	0.01%
DLTR	F	0.01%	0.03%	0.01%
DOC	B	0.01%	0.03%	0.01%
DOV	B	0.01%	0.05%	0.01%
DOW	C	0.01%	0.07%	0.01%
DOX	C	0.01%	0.02%	0.01%
DRI	C	0.01%	0.04%	0.01%
DT	C	0.01%	0.03%	0.01%
DTE	A	0.01%	0.05%	0.01%
DUK	B	0.01%	0.17%	0.01%
DVN	F	0.01%	0.05%	0.01%
EA	D	0.01%	0.06%	0.01%
EBAY	B	0.01%	0.06%	0.01%
ECL	B	0.01%	0.12%	0.01%
ED	B	0.01%	0.07%	0.01%
EFX	C	0.01%	0.07%	0.01%
EG	B	0.01%	0.03%	0.01%
EIX	B	0.01%	0.06%	0.01%
EL	D	0.01%	0.04%	0.01%
EMN	B	0.01%	0.03%	0.01%
EMR	D	0.01%	0.11%	0.01%
EOG	D	0.01%	0.14%	0.01%
EQH	C	0.01%	0.03%	0.01%
EQIX	B	0.01%	0.16%	0.01%
EQR	C	0.01%	0.05%	0.01%
ES	B	0.01%	0.04%	0.01%
ESS	C	0.01%	0.04%	0.01%
ETN	C	0.01%	0.25%	0.01%
ETR	A	0.01%	0.05%	0.01%
EVRG	B	0.01%	0.03%	0.01%
EW	F	0.01%	0.08%	0.01%
EXC	B	0.01%	0.08%	0.01%
EXPE	C	0.01%	0.04%	0.01%
EXR	C	0.01%	0.07%	0.01%
FAF	B	0.01%	0.01%	0.01%
FANG	F	0.01%	0.06%	0.01%
FDX	D	0.01%	0.11%	0.01%
FE	B	0.01%	0.05%	0.01%
FHN	D	0.01%	0.02%	0.01%
FIS	C	0.01%	0.09%	0.01%
FITB	B	0.01%	0.06%	0.01%
FLEX	B	0.01%	0.02%	0.01%
FLO	C	0.01%	0.01%	0.01%
FLS	C	0.01%	0.01%	0.01%
FMC	B	0.01%	0.02%	0.01%
FNF	B	0.01%	0.03%	0.01%
FOXA	B	0.01%	0.02%	0.01%
FRT	C	0.01%	0.02%	0.01%
FTNT	B	0.01%	0.09%	0.01%
FTV	C	0.01%	0.05%	0.01%
GD	C	0.01%	0.13%	0.01%
GE	C	0.01%	0.39%	0.01%
GILD	B	0.01%	0.2%	0.01%
GIS	B	0.01%	0.08%	0.01%
GL	D	0.01%	0.02%	0.01%
GLPI	C	0.01%	0.03%	0.01%
GLW	B	0.01%	0.07%	0.01%
GM	C	0.01%	0.1%	0.01%
GOOGL	D	0.01%	1.8%	0.01%
GPC	D	0.01%	0.04%	0.01%
GPN	D	0.01%	0.05%	0.01%
GS	B	0.01%	0.3%	0.01%
GWW	B	0.01%	0.08%	0.01%
GXO	D	0.01%	0.01%	0.01%
H	B	0.01%	0.01%	0.01%
HAL	F	0.01%	0.05%	0.01%
HAS	B	0.01%	0.02%	0.01%
HBAN	B	0.01%	0.04%	0.01%
HCA	B	0.01%	0.15%	0.01%
HD	B	0.01%	0.75%	0.01%
HES	F	0.01%	0.07%	0.01%
HIG	B	0.01%	0.07%	0.01%
HII	F	0.01%	0.02%	0.01%
HOG	C	0.01%	0.01%	0.01%
HON	C	0.01%	0.25%	0.01%
HPE	C	0.01%	0.05%	0.01%
HPQ	C	0.01%	0.07%	0.01%
HRB	C	0.01%	0.02%	0.01%
HRL	F	0.01%	0.02%	0.01%
HST	D	0.01%	0.03%	0.01%
HSY	D	0.01%	0.05%	0.01%
HUBB	B	0.01%	0.04%	0.01%
HUM	F	0.01%	0.07%	0.01%
HUN	C	0.01%	0.01%	0.01%
IBM	B	0.01%	0.38%	0.01%
ICE	C	0.01%	0.17%	0.01%
IEX	C	0.01%	0.03%	0.01%
IFF	A	0.01%	0.05%	0.01%
ILMN	D	0.01%	0.04%	0.01%
INGR	B	0.01%	0.02%	0.01%
INTC	D	0.01%	0.18%	0.01%
INTU	D	0.01%	0.33%	0.01%
INVH	D	0.01%	0.04%	0.01%
IP	C	0.01%	0.03%	0.01%
IPG	C	0.01%	0.02%	0.01%
ITW	B	0.01%	0.15%	0.01%
IVZ	B	0.01%	0.01%	0.01%
JBHT	D	0.01%	0.03%	0.01%
JBL	C	0.01%	0.02%	0.01%
JCI	B	0.01%	0.1%	0.01%
JEF	C	0.01%	0.02%	0.01%
JHG	B	0.01%	0.01%	0.01%
JLL	B	0.01%	0.02%	0.01%
JNJ	C	0.01%	0.74%	0.01%
JNPR	A	0.01%	0.02%	0.01%
JPM	D	0.01%	1.15%	0.01%
K	A	0.01%	0.04%	0.01%
KDP	B	0.01%	0.08%	0.01%
KEX	C	0.01%	0.01%	0.01%
KEY	C	0.01%	0.03%	0.01%
KEYS	B	0.01%	0.05%	0.01%
KIM	C	0.01%	0.03%	0.01%
KLAC	D	0.01%	0.2%	0.01%
KMB	C	0.01%	0.09%	0.01%
KMI	C	0.01%	0.08%	0.01%
KO	B	0.01%	0.53%	0.01%
KR	B	0.01%	0.07%	0.01%
KRC	C	0.01%	0.01%	0.01%
L	D	0.01%	0.03%	0.01%
LDOS	A	0.01%	0.04%	0.01%
LEA	D	0.01%	0.01%	0.01%
LEN	B	0.01%	0.08%	0.01%
LEN	B	0.01%	0.0%	0.0%
LHX	C	0.01%	0.08%	0.01%
LII	C	0.01%	0.04%	0.01%
LIN	B	0.01%	0.44%	0.01%
LLY	D	0.01%	1.49%	0.01%
LMT	A	0.01%	0.26%	0.01%
LNC	C	0.01%	0.01%	0.01%
LNT	A	0.01%	0.03%	0.01%
LOW	B	0.01%	0.29%	0.01%
LRCX	D	0.01%	0.2%	0.01%
LUV	C	0.01%	0.03%	0.01%
LVS	C	0.01%	0.03%	0.01%
LYB	D	0.01%	0.05%	0.01%
MA	B	0.01%	0.76%	0.01%
MAA	C	0.01%	0.04%	0.01%
MAR	B	0.01%	0.11%	0.01%
MAS	B	0.01%	0.03%	0.01%
MCD	B	0.01%	0.42%	0.01%
MCHP	D	0.01%	0.08%	0.01%
MCK	F	0.01%	0.12%	0.01%
MCO	C	0.01%	0.14%	0.01%
MDLZ	C	0.01%	0.19%	0.01%
MDT	B	0.01%	0.22%	0.01%
MET	B	0.01%	0.09%	0.01%
MHK	B	0.01%	0.02%	0.01%
MKC	C	0.01%	0.04%	0.01%
MKL	C	0.01%	0.04%	0.01%
MLM	D	0.01%	0.06%	0.01%
MMC	C	0.01%	0.21%	0.01%
MMM	B	0.01%	0.14%	0.01%
MO	C	0.01%	0.17%	0.01%
MOS	F	0.01%	0.02%	0.01%
MPC	F	0.01%	0.11%	0.01%
MRK	F	0.01%	0.55%	0.01%
MRO	D	0.01%	0.03%	0.01%
MRVL	D	0.01%	0.12%	0.01%
MS	B	0.01%	0.25%	0.01%
MSFT	C	0.01%	5.97%	0.01%
MSI	B	0.01%	0.14%	0.01%
MTB	C	0.01%	0.05%	0.01%
MU	D	0.01%	0.2%	0.01%
NDAQ	C	0.01%	0.05%	0.01%
NEE	B	0.01%	0.32%	0.01%
NEM	C	0.01%	0.12%	0.01%
NFG	B	0.01%	0.01%	0.01%
NI	B	0.01%	0.03%	0.01%
NKE	D	0.01%	0.2%	0.01%
NNN	B	0.01%	0.02%	0.01%
NOC	B	0.01%	0.15%	0.01%
NOV	F	0.01%	0.01%	0.01%
NOW	C	0.01%	0.36%	0.01%
NSC	C	0.01%	0.11%	0.01%
NTAP	D	0.01%	0.05%	0.01%
NTRS	C	0.01%	0.04%	0.01%
NUE	D	0.01%	0.07%	0.01%
NVDA	C	0.01%	5.41%	0.01%
NVR	B	0.01%	0.05%	0.01%
NVT	C	0.01%	0.02%	0.01%
O	B	0.01%	0.1%	0.01%
OC	C	0.01%	0.03%	0.01%
OGE	B	0.01%	0.02%	0.01%
OHI	C	0.01%	0.02%	0.01%
OKE	C	0.01%	0.1%	0.01%
OMC	B	0.01%	0.04%	0.01%
ORCL	B	0.01%	0.49%	0.01%
ORI	B	0.01%	0.02%	0.01%
ORLY	B	0.01%	0.13%	0.01%
OSK	F	0.01%	0.01%	0.01%
OTIS	B	0.01%	0.08%	0.01%
PCAR	D	0.01%	0.1%	0.01%
PCG	C	0.01%	0.08%	0.01%
PEG	B	0.01%	0.08%	0.01%
PEP	D	0.01%	0.44%	0.01%
PFE	D	0.01%	0.32%	0.01%
PFG	B	0.01%	0.04%	0.01%
PG	C	0.01%	0.77%	0.01%
PGR	C	0.01%	0.28%	0.01%
PH	B	0.01%	0.15%	0.01%
PHM	B	0.01%	0.06%	0.01%
PKG	B	0.01%	0.04%	0.01%
PLD	C	0.01%	0.22%	0.01%
PM	C	0.01%	0.36%	0.01%
PNC	C	0.01%	0.14%	0.01%
PNR	B	0.01%	0.03%	0.01%
PNW	C	0.01%	0.02%	0.01%
PPG	C	0.01%	0.06%	0.01%
PPL	A	0.01%	0.05%	0.01%
PRU	C	0.01%	0.08%	0.01%
PSA	C	0.01%	0.11%	0.01%
PSX	F	0.01%	0.1%	0.01%
PWR	B	0.01%	0.08%	0.01%
PYPL	B	0.01%	0.16%	0.01%
QCOM	D	0.01%	0.35%	0.01%
QRVO	F	0.01%	0.02%	0.01%
REG	C	0.01%	0.02%	0.01%
REGN	D	0.01%	0.21%	0.01%
REXR	C	0.01%	0.02%	0.01%
RF	B	0.01%	0.04%	0.01%
RGA	C	0.01%	0.03%	0.01%
RJF	C	0.01%	0.04%	0.01%
RL	B	0.01%	0.01%	0.01%
RNR	B	0.01%	0.03%	0.01%
ROK	D	0.01%	0.06%	0.01%
ROP	C	0.01%	0.11%	0.01%
ROST	C	0.01%	0.09%	0.01%
RPM	B	0.01%	0.03%	0.01%
RPRX	C	0.01%	0.02%	0.01%
RS	D	0.01%	0.03%	0.01%
RSG	D	0.01%	0.08%	0.01%
RTX	B	0.01%	0.3%	0.01%
RYN	C	0.01%	0.01%	0.01%
SBUX	C	0.01%	0.2%	0.01%
SCCO	C	0.01%	0.02%	0.01%
SCHW	D	0.01%	0.18%	0.01%
SF	B	0.01%	0.02%	0.01%
SHW	B	0.01%	0.17%	0.01%
SIGI	D	0.01%	0.01%	0.01%
SJM	C	0.01%	0.02%	0.01%
SLB	F	0.01%	0.12%	0.01%
SNA	B	0.01%	0.03%	0.01%
SNV	D	0.01%	0.01%	0.01%
SNX	C	0.01%	0.02%	0.01%
SO	B	0.01%	0.19%	0.01%
SON	D	0.01%	0.01%	0.01%
SPG	B	0.01%	0.1%	0.01%
SPGI	C	0.01%	0.31%	0.01%
SRE	B	0.01%	0.1%	0.01%
STE	B	0.01%	0.04%	0.01%
STLD	C	0.01%	0.03%	0.01%
STT	B	0.01%	0.05%	0.01%
STZ	C	0.01%	0.08%	0.01%
SUI	C	0.01%	0.03%	0.01%
SWK	B	0.01%	0.03%	0.01%
SWKS	F	0.01%	0.03%	0.01%
SWX	C	0.01%	0.01%	0.01%
SYF	C	0.01%	0.04%	0.01%
SYK	C	0.01%	0.22%	0.01%
SYY	C	0.01%	0.07%	0.01%
T	B	0.01%	0.29%	0.01%
TAP	D	0.01%	0.02%	0.01%
TDY	B	0.01%	0.04%	0.01%
TEL	D	0.01%	0.09%	0.01%
TFC	D	0.01%	0.11%	0.01%
TGT	C	0.01%	0.14%	0.01%
THG	C	0.01%	0.01%	0.01%
TJX	C	0.01%	0.26%	0.01%
TKR	C	0.01%	0.01%	0.01%
TMO	B	0.01%	0.45%	0.01%
TMUS	B	0.01%	0.18%	0.01%
TRMB	C	0.01%	0.03%	0.01%
TRV	C	0.01%	0.1%	0.01%
TSCO	B	0.01%	0.06%	0.01%
TSN	D	0.01%	0.03%	0.01%
TT	B	0.01%	0.17%	0.01%
TXN	B	0.01%	0.35%	0.01%
TXT	D	0.01%	0.03%	0.01%
UAL	B	0.01%	0.03%	0.01%
UDR	C	0.01%	0.03%	0.01%
UHS	C	0.01%	0.02%	0.01%
UNH	C	0.01%	1.0%	0.01%
UNM	B	0.01%	0.02%	0.01%
UNP	D	0.01%	0.29%	0.01%
UPS	D	0.01%	0.18%	0.01%
USB	C	0.01%	0.13%	0.01%
V	C	0.01%	0.82%	0.01%
VFC	B	0.01%	0.01%	0.01%
VLO	F	0.01%	0.08%	0.01%
VMC	C	0.01%	0.06%	0.01%
VMI	C	0.01%	0.01%	0.01%
VNT	F	0.01%	0.01%	0.01%
VOYA	B	0.01%	0.01%	0.01%
VRSK	D	0.01%	0.07%	0.01%
VRSN	C	0.01%	0.03%	0.01%
VTR	C	0.01%	0.05%	0.01%
VTRS	D	0.01%	0.03%	0.01%
VZ	A	0.01%	0.36%	0.01%
WAB	B	0.01%	0.06%	0.01%
WBA	F	0.01%	0.01%	0.01%
WBS	C	0.01%	0.02%	0.01%
WEC	B	0.01%	0.06%	0.01%
WELL	C	0.01%	0.14%	0.01%
WFC	D	0.01%	0.36%	0.01%
WHR	C	0.01%	0.01%	0.01%
WLK	C	0.01%	0.01%	0.01%
WM	D	0.01%	0.16%	0.01%
WMB	C	0.01%	0.11%	0.01%
WMT	B	0.01%	0.67%	0.01%
WPC	C	0.01%	0.03%	0.01%
WRB	D	0.01%	0.03%	0.01%
WTFC	C	0.01%	0.01%	0.01%
WTRG	D	0.01%	0.02%	0.01%
WU	C	0.01%	0.01%	0.01%
WY	C	0.01%	0.05%	0.01%
XEL	B	0.01%	0.07%	0.01%
XOM	D	0.01%	1.0%	0.01%
XRAY	D	0.01%	0.01%	0.01%
XYL	C	0.01%	0.06%	0.01%
ZBH	F	0.01%	0.04%	0.01%
ZION	D	0.01%	0.01%	0.01%
ZTS	B	0.01%	0.17%	0.01%

BND Overweight 99 Positions Relative to GUSA

Symbol	Grade	Weight
WIT	C	0.09%
LXP	C	0.01%
PAA	D	0.01%
OCSL	D	0.01%
NYC	D	0.01%
NWE	A	0.01%
MCY	C	0.01%
PDM	C	0.01%
GSBD	D	0.01%
HPP	F	0.01%
JBLU	C	0.01%
ET	C	0.01%
FSK	A	0.01%
CAF	B	0.01%
DSS	F	0.01%
AWH	F	0.01%
CM	B	0.01%
AVA	B	0.01%
AER	C	0.01%
CHI	C	0.01%
BKH	B	0.01%
BIDU	C	0.01%
BHF	F	0.01%
CP	C	0.01%
COO	C	0.01%
TME	D	0.01%
OGS	B	0.01%
LH	D	0.01%
MPLX	B	0.01%
JD	A	0.01%
KMT	B	0.01%
KMPR	D	0.01%
GBDC	C	0.01%
WB	C	0.01%
UBS	B	0.01%
R	C	0.01%
SLG	C	0.01%
SKT	B	0.01%
SITC	D	0.01%
RIV	B	0.01%
SCS	D	0.01%
SAVE	F	0.01%
SAFE	C	0.01%
NHI	C	0.01%
NEU	D	0.01%
NYCB	D	0.01%
NXPI	D	0.01%
GP	D	0.01%
HR	B	0.01%
HP	F	0.01%
HIW	C	0.01%
ESGR	D	0.01%
EPRT	B	0.01%
EPR	C	0.01%
AAT	C	0.01%
AAP	F	0.01%
PECO	C	0.01%
EE	A	0.01%
DXC	D	0.01%
CTS	D	0.01%
COE	C	0.01%
CNO	C	0.01%
AVT	B	0.01%
AGO	D	0.01%
BMO	C	0.01%
ARCC	A	0.01%
CBT	B	0.01%
BDN	C	0.01%
BCSF	B	0.01%
OPI	F	0.01%
LEG	D	0.01%
LAZ	B	0.01%
MP	C	0.01%
KSS	D	0.01%
KRG	C	0.01%
KOF	D	0.01%
TSLX	B	0.01%
VNO	B	0.01%
STLA	F	0.01%
WRK	C	0.01%
PSEC	C	0.01%
SBRA	C	0.01%
PRE	F	0.01%
MAIN	B	0.01%
RY	A	0.01%
BHP	C	0.01%
DB	B	0.01%
EDC	B	0.01%
GSK	D	0.01%
EPD	C	0.01%
BNS	B	0.01%
EQNR	F	0.01%
BABA	B	0.01%
VOD	C	0.01%
AZN	D	0.01%
NWG	B	0.01%
MUFG	D	0.01%
TD	C	0.01%
HSBC	B	0.01%

BND Underweight 521 Positions Relative to GUSA

Symbol	Grade	Weight
META	B	-2.35%
GOOG	D	-1.63%
TSLA	C	-1.32%
BRK.A	C	-1.11%
NFLX	B	-0.58%
AMD	C	-0.48%
ACN	C	-0.43%
ISRG	C	-0.32%
UBER	C	-0.3%
ELV	D	-0.24%
VRTX	D	-0.23%
PANW	D	-0.21%
BX	C	-0.21%
MELI	C	-0.19%
KKR	B	-0.17%
ANET	C	-0.17%
SNPS	F	-0.15%
TDG	B	-0.15%
CMG	D	-0.15%
CEG	C	-0.15%
PLTR	C	-0.14%
FCX	C	-0.13%
GEV	B	-0.13%
CRWD	D	-0.12%
ABNB	D	-0.11%
HLT	B	-0.11%
WDAY	D	-0.1%
URI	B	-0.1%
SPOT	C	-0.1%
DASH	B	-0.09%
FICO	B	-0.09%
TTD	B	-0.09%
IR	B	-0.08%
RCL	B	-0.08%
CNC	D	-0.08%
HWM	B	-0.08%
FLUT	C	-0.08%
LNG	D	-0.08%
FAST	C	-0.08%
IDXX	D	-0.08%
IQV	D	-0.08%
F	F	-0.08%
MPWR	B	-0.08%
PAYX	C	-0.08%
MSCI	C	-0.08%
KVUE	B	-0.08%
CPRT	D	-0.08%
TRGP	C	-0.07%
IRM	C	-0.07%
SNOW	F	-0.07%
RMD	C	-0.07%
OXY	F	-0.07%
MNST	D	-0.07%
BKR	C	-0.07%
SQ	D	-0.07%
YUM	B	-0.07%
CTSH	B	-0.07%
ODFL	D	-0.07%
CBRE	B	-0.07%
VST	B	-0.07%
IT	C	-0.07%
AME	C	-0.07%
GEHC	B	-0.07%
LULU	D	-0.06%
WTW	B	-0.06%
CDW	D	-0.06%
ON	D	-0.06%
MTD	C	-0.06%
VEEV	C	-0.06%
DDOG	D	-0.06%
CSGP	D	-0.06%
VRT	C	-0.06%
ALNY	C	-0.06%
COIN	F	-0.06%
VICI	C	-0.06%
DECK	C	-0.05%
TROW	C	-0.05%
TYL	C	-0.05%
SW	B	-0.05%
TTWO	D	-0.05%
NET	D	-0.05%
VLTO	B	-0.05%
FSLR	C	-0.05%
TEAM	D	-0.05%
SBAC	C	-0.05%
HUBS	D	-0.05%
DXCM	F	-0.05%
GRMN	D	-0.05%
CPNG	B	-0.05%
KHC	C	-0.05%
ARES	B	-0.05%
ANSS	D	-0.05%
AXON	B	-0.05%
WSM	C	-0.04%
ZBRA	B	-0.04%
WBD	D	-0.04%
CCL	C	-0.04%
PINS	D	-0.04%
J	A	-0.04%
HOLX	D	-0.04%
MDB	D	-0.04%
ULTA	D	-0.04%
MOH	D	-0.04%
WAT	B	-0.04%
TER	C	-0.04%
EME	B	-0.04%
BAH	B	-0.04%
TRU	B	-0.04%
STX	B	-0.04%
BALL	C	-0.04%
PTC	C	-0.04%
CPAY	B	-0.04%
GDDY	C	-0.04%
MRNA	F	-0.04%
FCNCA	D	-0.04%
WDC	C	-0.04%
TPL	C	-0.04%
RBLX	C	-0.04%
WST	D	-0.04%
MSTR	C	-0.04%
SMCI	F	-0.04%
BLDR	C	-0.04%
APP	C	-0.04%
FFIV	B	-0.03%
XPO	D	-0.03%
NTRA	C	-0.03%
ERIE	B	-0.03%
GWRE	B	-0.03%
FIX	B	-0.03%
ACM	B	-0.03%
CASY	D	-0.03%
IBKR	B	-0.03%
NDSN	C	-0.03%
TW	B	-0.03%
USFD	C	-0.03%
POOL	C	-0.03%
GGG	C	-0.03%
UTHR	B	-0.03%
EQT	C	-0.03%
NTNX	D	-0.03%
THC	C	-0.03%
YUMC	C	-0.03%
DPZ	D	-0.03%
ROL	C	-0.03%
ZS	F	-0.03%
AKAM	D	-0.03%
PSTG	F	-0.03%
HEI	C	-0.03%
ENPH	D	-0.03%
LYV	A	-0.03%
TOL	A	-0.03%
SSNC	C	-0.03%
PODD	C	-0.03%
LPLA	D	-0.03%
WSO	C	-0.03%
ENTG	D	-0.03%
CVNA	B	-0.03%
MANH	B	-0.03%
AVTR	C	-0.03%
ALGN	D	-0.03%
BURL	C	-0.03%
ZM	C	-0.03%
FDS	C	-0.03%
CTRA	F	-0.03%
EXPD	B	-0.03%
DKNG	C	-0.03%
NRG	B	-0.03%
MTZ	C	-0.02%
AR	C	-0.02%
ATI	C	-0.02%
RBC	B	-0.02%
RIVN	F	-0.02%
MLI	B	-0.02%
BRBR	B	-0.02%
BSY	C	-0.02%
UFPI	C	-0.02%
ALSN	B	-0.02%
AXTA	B	-0.02%
BFAM	C	-0.02%
SSD	C	-0.02%
GLOB	D	-0.02%
HSIC	C	-0.02%
WYNN	C	-0.02%
HLI	C	-0.02%
MORN	C	-0.02%
ENSG	D	-0.02%
COLD	D	-0.02%
CHRD	F	-0.02%
WEX	C	-0.02%
MEDP	F	-0.02%
FN	C	-0.02%
KNX	C	-0.02%
CZR	C	-0.02%
NYT	B	-0.02%
AIT	B	-0.02%
X	F	-0.02%
LAD	B	-0.02%
TKO	A	-0.02%
CROX	C	-0.02%
CHE	C	-0.02%
PSN	B	-0.02%
SKX	C	-0.02%
CIEN	B	-0.02%
LBRDK	C	-0.02%
KBR	D	-0.02%
DVA	B	-0.02%
NCLH	B	-0.02%
TPX	B	-0.02%
DCI	C	-0.02%
PAYC	D	-0.02%
OWL	B	-0.02%
GPK	C	-0.02%
GNRC	D	-0.02%
TTC	F	-0.02%
EGP	C	-0.02%
APA	F	-0.02%
DAY	D	-0.02%
EVR	B	-0.02%
CHDN	D	-0.02%
WAL	B	-0.02%
PRI	B	-0.02%
ARMK	B	-0.02%
MUSA	D	-0.02%
MGM	D	-0.02%
LW	D	-0.02%
OLED	D	-0.02%
EHC	B	-0.02%
CG	C	-0.02%
ROKU	D	-0.02%
CHK	C	-0.02%
GMED	D	-0.02%
SOLV	D	-0.02%
MKTX	D	-0.02%
RGLD	C	-0.02%
ONTO	C	-0.02%
IOT	C	-0.02%
EXP	B	-0.02%
MTCH	C	-0.02%
BWXT	A	-0.02%
DUOL	C	-0.02%
OVV	F	-0.02%
KNSL	D	-0.02%
CRL	F	-0.02%
WWD	C	-0.02%
QGEN	C	-0.02%
NWSA	D	-0.02%
LKQ	F	-0.02%
ATR	B	-0.02%
WMS	D	-0.02%
TWLO	C	-0.02%
AOS	B	-0.02%
Z	C	-0.02%
TPR	A	-0.02%
TOST	C	-0.02%
LECO	D	-0.02%
CTLT	B	-0.02%
SFM	B	-0.02%
CACI	B	-0.02%
AFRM	D	-0.02%
SNAP	D	-0.02%
HEI	C	-0.02%
BJ	D	-0.02%
SRPT	F	-0.02%
RRX	C	-0.02%
HOOD	C	-0.02%
EPAM	F	-0.02%
NBIX	F	-0.02%
CCK	B	-0.02%
SCI	C	-0.02%
INSM	D	-0.02%
EWBC	C	-0.02%
TFX	B	-0.02%
TXRH	B	-0.02%
PFGC	B	-0.02%
COHR	C	-0.02%
LAMR	B	-0.02%
DOCU	C	-0.02%
FTI	D	-0.02%
INCY	C	-0.02%
PCVX	C	-0.02%
OKTA	F	-0.02%
TECH	C	-0.02%
KMX	D	-0.02%
ITT	B	-0.02%
SAIA	D	-0.02%
DKS	D	-0.02%
EXAS	D	-0.02%
TTEK	C	-0.02%
CLH	C	-0.02%
CW	B	-0.02%
WING	C	-0.02%
JKHY	B	-0.02%
FND	C	-0.02%
BLD	C	-0.02%
BMRN	F	-0.02%
ELS	D	-0.02%
ZI	D	-0.01%
BBIO	F	-0.01%
APLS	F	-0.01%
BROS	D	-0.01%
HESM	D	-0.01%
COLM	C	-0.01%
CRVL	B	-0.01%
CNXC	F	-0.01%
GFS	F	-0.01%
PAG	D	-0.01%
LCID	C	-0.01%
TNET	F	-0.01%
DDS	D	-0.01%
DNB	D	-0.01%
ATKR	F	-0.01%
ZG	C	-0.01%
PBF	F	-0.01%
AMKR	F	-0.01%
STNG	D	-0.01%
COTY	D	-0.01%
RIG	F	-0.01%
NSA	C	-0.01%
LANC	F	-0.01%
SLAB	D	-0.01%
ENLC	B	-0.01%
M	F	-0.01%
IAC	C	-0.01%
MSM	D	-0.01%
WMG	D	-0.01%
CHWY	D	-0.01%
SLGN	B	-0.01%
GAP	F	-0.01%
HCP	A	-0.01%
ASGN	D	-0.01%
RMBS	F	-0.01%
MGY	D	-0.01%
SIG	C	-0.01%
ASH	F	-0.01%
CIVI	F	-0.01%
CPRI	D	-0.01%
EEFT	F	-0.01%
CFLT	F	-0.01%
APPF	C	-0.01%
BYD	C	-0.01%
DLB	D	-0.01%
QLYS	D	-0.01%
TENB	F	-0.01%
OZK	F	-0.01%
FFIN	C	-0.01%
PII	D	-0.01%
SUM	D	-0.01%
CNM	F	-0.01%
GATX	D	-0.01%
CELH	F	-0.01%
LYFT	D	-0.01%
ABG	D	-0.01%
TPG	C	-0.01%
FOUR	C	-0.01%
UBSI	D	-0.01%
SM	F	-0.01%
W	C	-0.01%
GBCI	C	-0.01%
PCOR	D	-0.01%
OGN	D	-0.01%
PATH	D	-0.01%
FOX	B	-0.01%
DOCS	B	-0.01%
AM	B	-0.01%
RH	C	-0.01%
SEE	C	-0.01%
FIVE	D	-0.01%
MUR	F	-0.01%
PARA	D	-0.01%
IDA	B	-0.01%
UGI	B	-0.01%
HXL	F	-0.01%
ALTR	C	-0.01%
NXST	D	-0.01%
GTLS	F	-0.01%
SN	B	-0.01%
MDU	B	-0.01%
ALK	B	-0.01%
OPCH	C	-0.01%
BILL	D	-0.01%
CYTK	F	-0.01%
PVH	D	-0.01%
OMF	D	-0.01%
VVV	D	-0.01%
ST	D	-0.01%
OLN	D	-0.01%
BPMC	F	-0.01%
MMS	B	-0.01%
THO	C	-0.01%
MASI	C	-0.01%
POST	B	-0.01%
WTS	C	-0.01%
EXPO	B	-0.01%
SRCL	B	-0.01%
GTLB	D	-0.01%
IBP	C	-0.01%
VKTX	D	-0.01%
IONS	F	-0.01%
U	D	-0.01%
MTSI	C	-0.01%
HLNE	B	-0.01%
ESI	C	-0.01%
ONB	D	-0.01%
CLF	F	-0.01%
DAR	F	-0.01%
MTDR	F	-0.01%
APG	F	-0.01%
CHX	F	-0.01%
EXLS	B	-0.01%
PR	F	-0.01%
ESAB	C	-0.01%
INSP	D	-0.01%
ELF	F	-0.01%
AGCO	D	-0.01%
DBX	C	-0.01%
GME	D	-0.01%
RLI	B	-0.01%
STWD	B	-0.01%
S	D	-0.01%
BRKR	D	-0.01%
NOVT	D	-0.01%
CMC	D	-0.01%
G	C	-0.01%
WH	B	-0.01%
LFUS	C	-0.01%
ESTC	F	-0.01%
PB	D	-0.01%
CRUS	D	-0.01%
AA	C	-0.01%
ETSY	D	-0.01%
RYAN	C	-0.01%
MAT	D	-0.01%
BIO	C	-0.01%
HQY	C	-0.01%
RHP	C	-0.01%
ESNT	B	-0.01%
LNW	F	-0.01%
CFR	C	-0.01%
JAZZ	D	-0.01%
LSTR	D	-0.01%
SITE	D	-0.01%
AZEK	C	-0.01%
MSA	D	-0.01%
WFRD	F	-0.01%
AAON	B	-0.01%
DINO	F	-0.01%
ITCI	D	-0.01%
EXEL	C	-0.01%
CRBG	C	-0.01%
RVMD	C	-0.01%
MTN	D	-0.01%
ELAN	D	-0.01%
ANF	D	-0.01%
CGNX	F	-0.01%
BBWI	D	-0.01%
LPX	B	-0.01%
SEIC	B	-0.01%
ACHC	D	-0.01%
ALV	F	-0.01%
MKSI	F	-0.01%
PEN	D	-0.01%
HALO	D	-0.01%
BPOP	C	-0.01%
SPSC	D	-0.01%
STAG	D	-0.01%
SAIC	C	-0.01%
LSCC	D	-0.01%
RHI	D	-0.01%
PCTY	D	-0.01%
GNTX	D	-0.01%
AGNC	B	-0.01%
PLNT	C	-0.01%
CBSH	D	-0.01%
SOFI	D	-0.01%
UHAL	B	-0.01%
SSB	C	-0.01%
SMAR	A	-0.01%
PNFP	C	-0.01%
MTH	C	-0.01%
RGEN	F	-0.01%
RRC	D	-0.01%
FR	C	-0.01%
SWN	C	-0.01%
LNTH	D	-0.01%
WCC	C	-0.01%
CR	B	-0.01%
TREX	F	-0.01%
WSC	D	-0.01%
MIDD	C	-0.01%
DTM	C	-0.01%
ACI	F	-0.01%
FYBR	C	-0.01%
FLR	D	-0.01%
FCN	C	-0.01%
DJT	F	-0.0%
UHAL	B	-0.0%
UWMC	D	-0.0%
BLCO	C	-0.0%
NFE	F	-0.0%
CWEN	A	-0.0%
INFA	D	-0.0%
LBRDA	C	-0.0%
BIRK	F	-0.0%
ALGM	D	-0.0%
IMVT	F	-0.0%
REYN	C	-0.0%
PPC	D	-0.0%
KNTK	C	-0.0%
RDDT	C	-0.0%
LEVI	C	-0.0%
IPGP	D	-0.0%
NWS	D	-0.0%
RCM	C	-0.0%
IGT	D	-0.0%
IPAR	D	-0.0%
CLVT	D	-0.0%
RKT	C	-0.0%
BOKF	C	-0.0%
EDR	A	-0.0%
CWEN	A	-0.0%
ADTN	C	-0.0%