FAD vs. GGUS ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS)

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$148.38

Average Daily Volume

4,463

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

GGUS

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

GGUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization growth segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$54.08

Average Daily Volume

26,758

Number of Holdings ^*

376

* may have additional holdings in another (foreign) market

Performance

Period	FAD	GGUS
30 Days	9.58%	5.06%
60 Days	11.65%	5.50%
90 Days	14.77%	7.94%
12 Months	44.05%

197 Overlapping Holdings

	Symbol	Grade	Weight in FAD	Weight in GGUS	Overlap
	AAON	B	0.2%	0.04%	0.04%
	AAPL	C	0.17%	11.27%	0.17%
	ADP	B	0.09%	0.5%	0.09%
	ADSK	A	0.19%	0.29%	0.19%
	AJG	B	0.26%	0.02%	0.02%
	ALL	A	0.44%	0.04%	0.04%
	ALNY	D	0.29%	0.11%	0.11%
	AM	A	0.04%	0.01%	0.01%
	AMGN	D	0.15%	0.51%	0.15%
	AMP	A	0.41%	0.23%	0.23%
	AMT	D	0.21%	0.41%	0.21%
	AMZN	C	0.18%	4.31%	0.18%
	ANET	C	0.33%	0.42%	0.33%
	APH	A	0.18%	0.21%	0.18%
	APO	B	0.32%	0.28%	0.28%
	APP	B	0.96%	0.34%	0.34%
	APPF	B	0.04%	0.02%	0.02%
	ARES	A	0.18%	0.13%	0.13%
	AVGO	D	0.32%	3.32%	0.32%
	AWI	A	0.15%	0.01%	0.01%
	AXON	A	0.63%	0.19%	0.19%
	AXP	A	0.44%	0.26%	0.26%
	AZEK	A	0.12%	0.02%	0.02%
	AZO	C	0.17%	0.22%	0.17%
	BAH	F	0.29%	0.08%	0.08%
	BFAM	D	0.16%	0.0%	0.0%
	BKNG	A	0.29%	0.71%	0.29%
	BLD	D	0.15%	0.0%	0.0%
	BR	A	0.26%	0.11%	0.11%
	BRKR	D	0.03%	0.01%	0.01%
	BRO	B	0.36%	0.05%	0.05%
	BURL	A	0.44%	0.08%	0.08%
	BWXT	B	0.15%	0.01%	0.01%
	CASY	A	0.27%	0.01%	0.01%
	CAT	B	0.33%	0.12%	0.12%
	CEG	D	0.37%	0.05%	0.05%
	CHDN	B	0.09%	0.04%	0.04%
	CHE	D	0.04%	0.0%	0.0%
	CHH	A	0.05%	0.02%	0.02%
	CL	D	0.22%	0.19%	0.19%
	CMG	B	0.08%	0.35%	0.08%
	CNM	D	0.04%	0.02%	0.02%
	COIN	C	0.31%	0.24%	0.24%
	COST	B	0.35%	1.8%	0.35%
	CPAY	A	0.2%	0.11%	0.11%
	CPNG	D	0.42%	0.12%	0.12%
	CRM	B	0.1%	1.13%	0.1%
	CROX	D	0.08%	0.0%	0.0%
	CRWD	B	0.1%	0.34%	0.1%
	CSL	C	0.24%	0.01%	0.01%
	CTAS	B	0.35%	0.31%	0.31%
	CVNA	B	0.59%	0.04%	0.04%
	DASH	A	0.51%	0.23%	0.23%
	DAY	B	0.05%	0.0%	0.0%
	DBX	B	0.09%	0.01%	0.01%
	DECK	A	0.27%	0.12%	0.12%
	DELL	C	0.19%	0.02%	0.02%
	DKNG	B	0.09%	0.08%	0.08%
	DKS	C	0.12%	0.0%	0.0%
	DOCS	C	0.14%	0.0%	0.0%
	DOCU	A	0.16%	0.07%	0.07%
	DT	C	0.12%	0.07%	0.07%
	DUOL	A	0.23%	0.05%	0.05%
	DVA	B	0.2%	0.04%	0.04%
	ECL	D	0.24%	0.23%	0.23%
	EFX	F	0.21%	0.03%	0.03%
	EME	C	0.49%	0.04%	0.04%
	EQIX	A	0.08%	0.02%	0.02%
	EXEL	B	0.22%	0.04%	0.04%
	EXP	A	0.17%	0.03%	0.03%
	EXPE	B	0.51%	0.1%	0.1%
	FAST	B	0.09%	0.17%	0.09%
	FI	A	0.4%	0.17%	0.17%
	FICO	B	0.49%	0.2%	0.2%
	FIX	A	0.24%	0.07%	0.07%
	FND	C	0.07%	0.02%	0.02%
	FOUR	B	0.24%	0.03%	0.03%
	FRPT	B	0.18%	0.01%	0.01%
	FTNT	C	0.29%	0.21%	0.21%
	GDDY	A	0.5%	0.12%	0.12%
	GE	D	0.32%	0.18%	0.18%
	GOOGL	C	0.09%	2.28%	0.09%
	GS	A	0.5%	0.22%	0.22%
	GWRE	A	0.18%	0.03%	0.03%
	GWW	B	0.28%	0.19%	0.19%
	H	B	0.04%	0.0%	0.0%
	HCA	F	0.35%	0.07%	0.07%
	HEI	B	0.44%	0.05%	0.05%
	HEI	B	0.44%	0.08%	0.08%
	HLI	B	0.19%	0.0%	0.0%
	HLT	A	0.27%	0.14%	0.14%
	HRB	D	0.16%	0.01%	0.01%
	HWM	A	0.48%	0.01%	0.01%
	INSP	D	0.1%	0.02%	0.02%
	IRDM	D	0.02%	0.0%	0.0%
	IRM	D	0.41%	0.09%	0.09%
	ISRG	A	0.27%	0.83%	0.27%
	IT	C	0.17%	0.17%	0.17%
	ITCI	C	0.09%	0.04%	0.04%
	ITW	B	0.08%	0.13%	0.08%
	KKR	A	0.49%	0.13%	0.13%
	KLAC	D	0.07%	0.37%	0.07%
	KMB	D	0.08%	0.08%	0.08%
	KNSL	B	0.08%	0.05%	0.05%
	KO	D	0.15%	0.61%	0.15%
	LAMR	D	0.08%	0.01%	0.01%
	LII	A	0.35%	0.09%	0.09%
	LLY	F	0.14%	2.56%	0.14%
	LNW	D	0.04%	0.04%	0.04%
	LOPE	B	0.05%	0.01%	0.01%
	LPLA	A	0.11%	0.1%	0.1%
	LVS	C	0.24%	0.08%	0.08%
	LYFT	C	0.06%	0.02%	0.02%
	LYV	A	0.41%	0.09%	0.09%
	MA	C	0.09%	1.9%	0.09%
	MANH	D	0.24%	0.07%	0.07%
	MASI	A	0.05%	0.02%	0.02%
	MCD	D	0.16%	0.06%	0.06%
	MCO	B	0.25%	0.33%	0.25%
	MEDP	D	0.04%	0.04%	0.04%
	META	D	0.33%	3.54%	0.33%
	MKL	A	0.09%	0.02%	0.02%
	MMC	B	0.17%	0.07%	0.07%
	MORN	B	0.04%	0.04%	0.04%
	MPWR	F	0.11%	0.12%	0.11%
	MSCI	C	0.08%	0.12%	0.08%
	MSI	B	0.37%	0.17%	0.17%
	MSTR	C	0.19%	0.02%	0.02%
	NCLH	B	0.16%	0.05%	0.05%
	NFLX	A	0.29%	1.6%	0.29%
	NOW	A	0.38%	0.91%	0.38%
	NRG	B	0.43%	0.04%	0.04%
	NTAP	C	0.24%	0.05%	0.05%
	NTNX	A	0.05%	0.02%	0.02%
	NTRA	B	0.25%	0.08%	0.08%
	NVDA	C	0.39%	11.16%	0.39%
	ORCL	B	0.37%	1.28%	0.37%
	ORLY	B	0.18%	0.28%	0.18%
	OWL	A	0.05%	0.05%	0.05%
	PANW	C	0.19%	0.52%	0.19%
	PAYC	B	0.05%	0.03%	0.03%
	PAYX	C	0.09%	0.07%	0.07%
	PCTY	B	0.1%	0.04%	0.04%
	PEGA	A	0.19%	0.01%	0.01%
	PG	A	0.08%	0.39%	0.08%
	PGR	A	0.43%	0.56%	0.43%
	PLNT	A	0.15%	0.02%	0.02%
	PLTR	B	0.69%	0.54%	0.54%
	PODD	C	0.19%	0.08%	0.08%
	PSA	D	0.23%	0.04%	0.04%
	PWR	A	0.46%	0.06%	0.06%
	QCOM	F	0.08%	0.76%	0.08%
	RARE	D	0.1%	0.02%	0.02%
	RBLX	C	0.39%	0.12%	0.12%
	RCL	A	0.55%	0.09%	0.09%
	RLI	B	0.09%	0.0%	0.0%
	RMD	C	0.33%	0.04%	0.04%
	RNG	B	0.08%	0.01%	0.01%
	ROL	B	0.17%	0.06%	0.06%
	ROST	C	0.16%	0.05%	0.05%
	RYAN	B	0.13%	0.03%	0.03%
	S	B	0.14%	0.0%	0.0%
	SHW	A	0.33%	0.35%	0.33%
	SOFI	A	0.3%	0.01%	0.01%
	SPG	B	0.18%	0.07%	0.07%
	SSD	D	0.04%	0.0%	0.0%
	SYK	C	0.09%	0.18%	0.09%
	TDG	D	0.3%	0.06%	0.06%
	TJX	A	0.25%	0.35%	0.25%
	TKO	B	0.17%	0.01%	0.01%
	TOST	B	0.23%	0.08%	0.08%
	TPG	A	0.19%	0.01%	0.01%
	TPL	A	0.39%	0.11%	0.11%
	TRGP	B	0.57%	0.19%	0.19%
	TSCO	D	0.23%	0.13%	0.13%
	TSLA	B	0.22%	4.14%	0.22%
	TT	A	0.44%	0.14%	0.14%
	TTD	B	0.26%	0.23%	0.23%
	TTEK	F	0.18%	0.01%	0.01%
	TW	A	0.13%	0.03%	0.03%
	TXRH	C	0.18%	0.06%	0.06%
	TYL	B	0.25%	0.1%	0.1%
	U	C	0.03%	0.01%	0.01%
	UBER	D	0.23%	0.61%	0.23%
	URI	B	0.43%	0.06%	0.06%
	VLTO	D	0.23%	0.05%	0.05%
	VRT	B	0.52%	0.19%	0.19%
	VRTX	F	0.08%	0.27%	0.08%
	VST	B	0.52%	0.23%	0.23%
	WAT	B	0.08%	0.06%	0.06%
	WDAY	B	0.09%	0.24%	0.09%
	WEN	D	0.02%	0.01%	0.01%
	WING	D	0.1%	0.04%	0.04%
	WM	A	0.09%	0.39%	0.09%
	WSM	B	0.15%	0.05%	0.05%
	WYNN	D	0.12%	0.0%	0.0%
	ZTS	D	0.07%	0.29%	0.07%

FAD Overweight 444 Positions Relative to GGUS

	Symbol	Grade	Weight
	HOOD	B	0.5%
	BK	A	0.46%
	CCL	B	0.45%
	WAB	B	0.45%
	VTR	C	0.42%
	UTHR	C	0.42%
	NTRS	A	0.41%
	GRMN	B	0.4%
	FCNCA	A	0.4%
	TMUS	B	0.39%
	THC	D	0.39%
	JPM	A	0.39%
	ACGL	D	0.37%
	PM	B	0.37%
	PH	A	0.37%
	PCG	A	0.36%
	GEN	B	0.36%
	BSX	B	0.36%
	PEG	A	0.34%
	FSLR	F	0.33%
	AFRM	B	0.32%
	IBM	C	0.32%
	ERIE	D	0.32%
	NEE	D	0.31%
	SFM	A	0.27%
	NDAQ	A	0.27%
	HUBB	B	0.26%
	WELL	A	0.26%
	WSO	A	0.26%
	AX	A	0.26%
	PIPR	B	0.25%
	QTWO	A	0.25%
	BRK.A	B	0.25%
	ALSN	B	0.25%
	HLNE	B	0.24%
	CORT	B	0.24%
	RDNT	B	0.24%
	RKLB	B	0.24%
	SPGI	C	0.24%
	SO	D	0.24%
	ICE	C	0.24%
	SFBS	B	0.24%
	KTB	B	0.23%
	CSWI	A	0.23%
	CRS	A	0.23%
	IBKR	A	0.22%
	KNF	A	0.22%
	ACIW	B	0.22%
	COHR	B	0.22%
	XYL	D	0.22%
	CW	B	0.22%
	MOG.A	B	0.22%
	CVLT	B	0.22%
	ITRI	B	0.22%
	DY	D	0.21%
	ENSG	D	0.21%
	EWBC	A	0.21%
	WMB	A	0.21%
	IOT	A	0.21%
	MOD	A	0.2%
	AIT	A	0.2%
	LTH	C	0.2%
	FFIN	B	0.19%
	MO	A	0.19%
	PSN	D	0.19%
	HIMS	B	0.19%
	GMED	A	0.19%
	COKE	C	0.19%
	MAR	B	0.19%
	EAT	A	0.19%
	EXLS	B	0.19%
	MMSI	B	0.18%
	RSG	A	0.18%
	DOV	A	0.18%
	ATI	D	0.18%
	RL	B	0.18%
	CRVL	A	0.18%
	ETN	A	0.18%
	SLG	B	0.18%
	CACI	D	0.18%
	BOOT	D	0.17%
	CBOE	B	0.17%
	ADC	B	0.17%
	PAYO	A	0.17%
	ANF	C	0.17%
	ITT	A	0.17%
	EHC	B	0.17%
	ITGR	B	0.17%
	AUR	C	0.17%
	KEX	C	0.17%
	IR	B	0.17%
	ROAD	A	0.16%
	IDCC	A	0.16%
	POWL	C	0.16%
	IESC	B	0.16%
	FSS	B	0.16%
	VICI	C	0.16%
	CBT	C	0.16%
	BMI	B	0.16%
	EPRT	B	0.16%
	PRIM	A	0.16%
	OTIS	C	0.16%
	AVAV	D	0.16%
	BCO	D	0.16%
	CRDO	B	0.16%
	TRUP	B	0.15%
	GVA	A	0.15%
	AYI	B	0.15%
	KAI	A	0.15%
	LMND	B	0.15%
	IBOC	A	0.15%
	WWW	B	0.15%
	BRBR	A	0.15%
	O	D	0.15%
	RIVN	F	0.15%
	TGTX	B	0.15%
	STRL	B	0.15%
	EXR	D	0.15%
	PI	D	0.14%
	FTDR	A	0.14%
	FFIV	B	0.14%
	SCI	B	0.14%
	PRCT	B	0.14%
	ZETA	D	0.14%
	STEP	B	0.14%
	WHD	B	0.14%
	CNK	B	0.14%
	IBP	D	0.14%
	ATGE	B	0.14%
	PJT	A	0.14%
	MCY	A	0.14%
	USLM	A	0.14%
	HOMB	A	0.14%
	PRI	A	0.14%
	ONB	B	0.14%
	LRN	A	0.14%
	ENVA	B	0.14%
	SMG	D	0.14%
	FLS	B	0.14%
	QCRH	A	0.14%
	WULF	C	0.14%
	LNTH	D	0.14%
	TBBK	B	0.13%
	CLH	B	0.13%
	BDC	B	0.13%
	REVG	B	0.13%
	ACLX	C	0.13%
	GSHD	A	0.13%
	AXSM	B	0.13%
	BOX	B	0.13%
	TRN	C	0.13%
	VCYT	B	0.13%
	CNS	B	0.13%
	HASI	D	0.13%
	RYTM	C	0.13%
	OLLI	D	0.12%
	CHEF	A	0.12%
	HWKN	B	0.12%
	ADMA	B	0.12%
	NYT	C	0.12%
	NHC	C	0.12%
	DSGR	D	0.12%
	ALLE	D	0.12%
	SKWD	A	0.12%
	SLVM	B	0.12%
	AMRX	C	0.12%
	CALM	A	0.12%
	OHI	C	0.12%
	SBRA	C	0.12%
	HNI	B	0.12%
	PBI	B	0.12%
	SKYW	B	0.12%
	WWD	B	0.12%
	HALO	F	0.12%
	LMAT	A	0.11%
	KYMR	D	0.11%
	PTGX	C	0.11%
	DTM	B	0.11%
	MWA	B	0.11%
	OSW	A	0.11%
	VRNS	D	0.11%
	PRK	B	0.11%
	NBHC	B	0.11%
	PLMR	B	0.11%
	PRM	C	0.11%
	ALKT	B	0.11%
	VCTR	B	0.11%
	RNA	D	0.11%
	INTA	A	0.11%
	ALHC	C	0.11%
	SYBT	B	0.11%
	DORM	B	0.11%
	INSM	C	0.11%
	CWAN	B	0.11%
	CDE	D	0.11%
	AGIO	C	0.11%
	PTON	B	0.11%
	SATS	D	0.11%
	SGBX	F	0.11%
	OUT	A	0.1%
	ESAB	B	0.1%
	GME	C	0.1%
	LFST	C	0.1%
	AORT	B	0.1%
	SMTC	B	0.1%
	CENX	B	0.1%
	SABR	C	0.1%
	RVMD	C	0.1%
	CPRX	C	0.1%
	MTCH	D	0.1%
	CBSH	A	0.1%
	CCOI	B	0.1%
	PTCT	B	0.1%
	CRUS	D	0.1%
	JANX	C	0.1%
	MIRM	B	0.1%
	CRAI	B	0.1%
	MNKD	C	0.1%
	CFR	B	0.1%
	TGLS	B	0.1%
	CHWY	B	0.1%
	REG	B	0.09%
	EEFT	B	0.09%
	AES	F	0.09%
	TMDX	F	0.09%
	ORA	B	0.09%
	IRT	A	0.09%
	RHP	B	0.09%
	CHD	B	0.09%
	ATR	B	0.09%
	MKTX	D	0.09%
	BRX	A	0.09%
	GKOS	B	0.09%
	MSGS	A	0.09%
	NMIH	D	0.09%
	WTTR	B	0.09%
	BCRX	D	0.09%
	LITE	B	0.09%
	AON	A	0.09%
	CWST	A	0.09%
	OSCR	D	0.09%
	VERX	B	0.09%
	AXTA	A	0.09%
	RUN	F	0.09%
	DLR	B	0.09%
	GPN	B	0.09%
	YOU	D	0.09%
	WTM	A	0.09%
	PRGS	A	0.09%
	FBP	B	0.09%
	NPAB	B	0.09%
	CUBE	D	0.08%
	BLBD	D	0.08%
	SBAC	D	0.08%
	UE	C	0.08%
	AGNC	D	0.08%
	MU	D	0.08%
	HURN	B	0.08%
	LIN	D	0.08%
	CHCO	B	0.08%
	OII	B	0.08%
	GLPI	C	0.08%
	HRMY	D	0.08%
	ESE	B	0.08%
	SHAK	C	0.08%
	GPK	C	0.08%
	MGNI	A	0.08%
	VITL	D	0.08%
	GERN	D	0.08%
	GAP	C	0.08%
	CPT	B	0.08%
	BLKB	B	0.08%
	CIFR	B	0.08%
	BPMC	C	0.08%
	CTRE	D	0.08%
	BANF	B	0.08%
	CAKE	C	0.08%
	BGC	C	0.08%
	WT	B	0.08%
	APOG	B	0.08%
	SITM	B	0.08%
	GABC	B	0.08%
	CARG	C	0.08%
	AVB	B	0.08%
	SEMR	B	0.08%
	BCPC	B	0.08%
	ASTH	D	0.08%
	ESS	B	0.08%
	MBIN	D	0.08%
	KRG	B	0.08%
	UFPT	B	0.08%
	PMT	D	0.07%
	CWT	D	0.07%
	AOS	F	0.07%
	WRBY	B	0.07%
	VRRM	D	0.07%
	ESRT	C	0.07%
	NRIX	D	0.07%
	EXPO	D	0.07%
	A	D	0.07%
	KN	B	0.07%
	OSIS	B	0.07%
	AAT	B	0.07%
	FCN	D	0.07%
	CCI	D	0.07%
	COLL	F	0.07%
	AZZ	B	0.07%
	KTOS	B	0.07%
	GFF	A	0.07%
	IIPR	D	0.06%
	MGEE	C	0.06%
	DRVN	B	0.06%
	GTLS	B	0.06%
	TNL	A	0.06%
	AROC	B	0.06%
	HEES	B	0.06%
	ICFI	F	0.06%
	BLFS	C	0.06%
	HLIT	D	0.06%
	CEIX	A	0.06%
	CLSK	C	0.06%
	FLNC	C	0.06%
	ADUS	D	0.06%
	ASPN	F	0.06%
	KNTK	B	0.06%
	IOVA	F	0.06%
	NSA	D	0.06%
	DOCN	D	0.06%
	AMPH	D	0.06%
	MTD	D	0.06%
	BRC	D	0.06%
	TWST	D	0.06%
	NHI	D	0.06%
	CMPR	D	0.05%
	GTX	D	0.05%
	AESI	B	0.05%
	SXT	B	0.05%
	JJSF	B	0.05%
	IAS	C	0.05%
	MARA	C	0.05%
	UMH	C	0.05%
	KW	B	0.05%
	AIV	C	0.05%
	TRMB	B	0.05%
	SCS	C	0.05%
	FCPT	C	0.05%
	CDP	C	0.05%
	SWI	B	0.05%
	GATX	A	0.05%
	TNDM	F	0.05%
	OCUL	D	0.05%
	GTY	B	0.05%
	ARQT	C	0.05%
	NEO	C	0.05%
	NXRT	B	0.05%
	CPK	A	0.05%
	KD	B	0.05%
	MAC	B	0.05%
	WDFC	B	0.05%
	ACVA	B	0.05%
	SKT	B	0.05%
	BANC	A	0.05%
	GH	B	0.05%
	AGM	C	0.05%
	LGND	B	0.05%
	SXI	B	0.05%
	AGYS	A	0.05%
	BKD	D	0.05%
	LKFN	B	0.05%
	EPAC	B	0.05%
	NNN	D	0.04%
	ELAN	D	0.04%
	EGP	F	0.04%
	FR	C	0.04%
	CDRE	D	0.04%
	HUMA	F	0.04%
	MYGN	F	0.04%
	PHR	F	0.04%
	DNLI	D	0.04%
	IPAR	B	0.04%
	ROIV	C	0.04%
	NEU	C	0.04%
	UDR	B	0.04%
	EVH	F	0.04%
	ESI	A	0.04%
	DCI	B	0.04%
	ALX	D	0.04%
	RXST	F	0.04%
	RGLD	C	0.04%
	EPR	D	0.04%
	ELME	D	0.04%
	MAIN	A	0.04%
	CRNX	C	0.04%
	NVAX	F	0.04%
	HLX	B	0.04%
	ANIP	F	0.04%
	RBC	A	0.04%
	GOLF	B	0.04%
	MLNK	B	0.03%
	PLAY	D	0.03%
	APPN	B	0.03%
	LCID	F	0.03%
	APAM	B	0.03%
	SMPL	B	0.03%
	ACAD	D	0.03%
	CTS	C	0.03%
	CARS	B	0.03%
	WABC	B	0.03%
	CBZ	B	0.03%
	TDW	F	0.03%
	SOUN	C	0.03%
	PAR	B	0.03%
	MIR	A	0.03%
	TGI	B	0.03%
	ARDX	F	0.03%
	TECH	D	0.03%
	CLDX	F	0.02%
	RLAY	F	0.02%
	XPRO	F	0.02%
	LPG	F	0.02%
	VECO	F	0.02%
	AZTA	D	0.02%
	JAMF	F	0.02%
	JOE	F	0.02%
	GNL	F	0.02%
	NSSC	D	0.02%
	PZZA	D	0.02%
	TNC	D	0.02%
	FOLD	F	0.02%
	ENVX	F	0.02%
	RRR	D	0.02%
	ARLO	C	0.02%
	BXMT	C	0.02%
	AMC	C	0.02%
	BEAM	D	0.02%
	FBRT	C	0.02%
	AWR	B	0.02%
	YELP	C	0.02%
	THR	B	0.02%
	STRA	C	0.02%
	LTC	B	0.02%
	TR	B	0.02%
	BL	B	0.02%
	CLB	B	0.02%

FAD Underweight 179 Positions Relative to GGUS

	Symbol	Grade	Weight
	MSFT	F	-4.36%
	V	A	-2.16%
	GOOG	C	-1.92%
	HD	A	-1.43%
	MRK	F	-1.08%
	ADBE	C	-0.98%
	INTU	C	-0.82%
	PEP	F	-0.76%
	AMD	F	-0.65%
	BX	A	-0.57%
	AMAT	F	-0.57%
	ABBV	D	-0.56%
	LRCX	F	-0.41%
	SBUX	A	-0.39%
	SNPS	B	-0.35%
	CDNS	B	-0.35%
	UNP	C	-0.3%
	SPOT	B	-0.29%
	NKE	D	-0.25%
	ABNB	C	-0.25%
	CPRT	A	-0.2%
	ODFL	B	-0.19%
	NU	C	-0.19%
	VRSK	A	-0.18%
	COR	B	-0.18%
	SNOW	C	-0.18%
	DDOG	A	-0.17%
	TEAM	A	-0.17%
	LMT	D	-0.16%
	UNH	C	-0.16%
	LULU	C	-0.16%
	HUBS	A	-0.15%
	MCK	B	-0.15%
	IDXX	F	-0.15%
	VEEV	C	-0.14%
	MNST	C	-0.13%
	DXCM	D	-0.13%
	HES	B	-0.12%
	NET	B	-0.12%
	LNG	B	-0.11%
	SQ	B	-0.1%
	TXN	C	-0.1%
	HON	B	-0.1%
	SYY	B	-0.1%
	MDB	C	-0.09%
	CLX	B	-0.09%
	PINS	D	-0.08%
	CAH	B	-0.08%
	ZS	C	-0.08%
	ULTA	F	-0.07%
	ELV	F	-0.07%
	EQH	B	-0.07%
	ENTG	D	-0.07%
	BA	F	-0.07%
	XPO	B	-0.07%
	PSTG	D	-0.06%
	POOL	C	-0.06%
	MMM	D	-0.06%
	WST	C	-0.06%
	PTC	A	-0.06%
	TER	D	-0.06%
	YUM	B	-0.06%
	DRI	B	-0.05%
	MOH	F	-0.05%
	SMCI	F	-0.05%
	NBIX	C	-0.05%
	CDW	F	-0.05%
	SCHW	B	-0.05%
	EW	C	-0.04%
	PEN	B	-0.04%
	SAIA	B	-0.04%
	CI	F	-0.04%
	ENPH	F	-0.04%
	SCCO	F	-0.04%
	HPQ	B	-0.04%
	TPX	B	-0.04%
	MS	A	-0.04%
	SRPT	D	-0.04%
	VMC	B	-0.04%
	MUSA	A	-0.04%
	ALGN	D	-0.04%
	MTN	C	-0.03%
	LSCC	D	-0.03%
	WFRD	D	-0.03%
	MRVL	B	-0.03%
	AVY	D	-0.03%
	ELF	C	-0.03%
	GLOB	B	-0.03%
	BSY	D	-0.03%
	REGN	F	-0.03%
	CFLT	B	-0.03%
	FDS	B	-0.03%
	TREX	C	-0.03%
	SMAR	A	-0.03%
	ESTC	C	-0.03%
	GTLB	B	-0.03%
	PCOR	B	-0.03%
	HAS	D	-0.03%
	HSY	F	-0.02%
	LW	C	-0.02%
	EXAS	D	-0.02%
	HCP	B	-0.02%
	FIVE	F	-0.02%
	JEF	A	-0.02%
	IQV	D	-0.02%
	ETSY	D	-0.02%
	RPM	A	-0.02%
	OLED	D	-0.02%
	JLL	D	-0.02%
	ZBRA	B	-0.02%
	CELH	F	-0.02%
	IONS	F	-0.02%
	PATH	C	-0.02%
	OKTA	C	-0.02%
	LPX	B	-0.02%
	GNRC	B	-0.02%
	DPZ	C	-0.02%
	VKTX	F	-0.02%
	EL	F	-0.02%
	VVV	F	-0.02%
	DJT	C	-0.01%
	JBL	B	-0.01%
	EQT	B	-0.01%
	ALLY	C	-0.01%
	SN	D	-0.01%
	ROKU	D	-0.01%
	CIVI	D	-0.01%
	NXST	C	-0.01%
	DV	C	-0.01%
	WSC	D	-0.01%
	LBRDK	C	-0.01%
	BROS	B	-0.01%
	CLF	F	-0.01%
	MLM	B	-0.01%
	PFGC	B	-0.01%
	BLDR	D	-0.01%
	ONTO	D	-0.01%
	SITE	D	-0.01%
	PR	B	-0.01%
	NCNO	B	-0.01%
	CE	F	-0.01%
	BILL	A	-0.01%
	EG	C	-0.01%
	EXPD	D	-0.01%
	UHAL	D	-0.01%
	CACC	D	-0.01%
	FIVN	C	-0.01%
	APLS	D	-0.01%
	TWLO	A	-0.01%
	TDC	D	-0.01%
	ROK	B	-0.01%
	LECO	B	-0.01%
	GEHC	F	-0.01%
	WMS	D	-0.01%
	UWMC	D	-0.0%
	SEE	C	-0.0%
	SPR	D	-0.0%
	PYCR	C	-0.0%
	NFE	D	-0.0%
	XP	F	-0.0%
	SAM	C	-0.0%
	WU	D	-0.0%
	SKX	D	-0.0%
	WEX	D	-0.0%
	RH	B	-0.0%
	KBR	F	-0.0%
	AAL	B	-0.0%
	KMX	B	-0.0%
	EPAM	C	-0.0%
	BPOP	B	-0.0%
	INCY	C	-0.0%
	WH	B	-0.0%
	VRSN	F	-0.0%
	CAR	C	-0.0%
	YETI	C	-0.0%
	RGEN	D	-0.0%
	UI	A	-0.0%
	TRU	D	-0.0%
	TXG	F	-0.0%

FAD: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Business Services Banks - Regional - US Diversified Industrials Asset Management REIT - Diversified REIT - Retail Specialty Chemicals Capital Markets Diagnostics & Research Building Materials Insurance - Property & Casualty Medical Devices Aerospace & Defense Engineering & Construction Restaurants Leisure REIT - Residential

Keywords: S&P 500 Real Estate Investment Trust Medicine Computing Nasdaq 100 IBD 50 Insurance Banking Bank Biopharmaceutical Aerospace Biotechnology Chemical Telecommunications Electronics Construction Natural Gas Mining Transport Cancer

GGUS: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Business Services Biotechnology Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Credit Services Household & Personal Products Leisure Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Natural Gas Semiconductor Telecommunications Integrated Circuits Operating System Payment Systems