GUSA vs. ETHO ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Etho Climate Leadership U.S. ETF (ETHO)

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

$49.58

Average Daily Volume

160

Number of Holdings ^*

972

* may have additional holdings in another (foreign) market

ETHO

Etho Climate Leadership U.S. ETF

ETHO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Etho Climate Leadership Index - US (the "index"). The index tracks the performance of the equity securities of a diversified set of U.S. companies that are leaders in their industry with respect to their carbon impact. "Carbon impact" is calculated based on the total greenhouse gas ("GHG") emissions from a company's operations, fuel use, supply chain, and business activities, divided by the company's market capitalization. The fund will invest at least 80% of its total assets in the component securities of the index.

Grade (RS Rating)

Last Trade

$59.12

Average Daily Volume

4,777

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	ETHO
30 Days	2.04%	2.22%
60 Days	11.45%	8.34%
90 Days	4.08%	5.19%
12 Months	36.49%	21.42%

174 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in ETHO	Overlap
	AAON	A	0.01%	0.41%	0.01%
	AAPL	C	6.23%	0.45%	0.45%
	ABG	D	0.01%	0.35%	0.01%
	ADBE	F	0.43%	0.35%	0.35%
	ADI	B	0.22%	0.4%	0.22%
	ADSK	B	0.11%	0.35%	0.11%
	AGNC	B	0.01%	0.36%	0.01%
	AJG	C	0.12%	0.38%	0.12%
	ALLY	F	0.02%	0.29%	0.02%
	ALNY	C	0.07%	0.61%	0.07%
	AMAT	C	0.31%	0.34%	0.31%
	AMD	C	0.49%	0.31%	0.31%
	AMGN	D	0.33%	0.38%	0.33%
	AMKR	F	0.01%	0.32%	0.01%
	ANET	A	0.17%	0.44%	0.17%
	ANSS	D	0.05%	0.32%	0.05%
	AOS	C	0.02%	0.34%	0.02%
	ATKR	F	0.01%	0.15%	0.01%
	ATR	A	0.02%	0.38%	0.02%
	AWK	D	0.05%	0.4%	0.05%
	AXP	A	0.29%	0.4%	0.29%
	BERY	C	0.01%	0.39%	0.01%
	BKNG	B	0.27%	0.4%	0.27%
	BMRN	F	0.03%	0.27%	0.03%
	BOKF	B	0.0%	0.38%	0.0%
	BRKR	D	0.01%	0.26%	0.01%
	BRO	A	0.05%	0.4%	0.05%
	BURL	C	0.03%	0.39%	0.03%
	CBSH	D	0.01%	0.38%	0.01%
	CDNS	D	0.14%	0.3%	0.14%
	CDW	D	0.06%	0.3%	0.06%
	CGNX	F	0.01%	0.32%	0.01%
	CHD	D	0.05%	0.34%	0.05%
	CMA	C	0.01%	0.37%	0.01%
	CMG	C	0.15%	0.34%	0.15%
	COLM	B	0.01%	0.35%	0.01%
	COTY	F	0.01%	0.27%	0.01%
	CRM	B	0.49%	0.31%	0.31%
	CROX	C	0.02%	0.34%	0.02%
	CSCO	A	0.41%	0.36%	0.36%
	CYTK	D	0.01%	0.25%	0.01%
	DAY	C	0.02%	0.31%	0.02%
	DBX	C	0.01%	0.35%	0.01%
	DDOG	B	0.06%	0.31%	0.06%
	DECK	B	0.05%	0.35%	0.05%
	DFS	A	0.06%	0.36%	0.06%
	DOCU	A	0.02%	0.35%	0.02%
	DT	B	0.03%	0.39%	0.03%
	DXCM	F	0.05%	0.16%	0.05%
	EA	D	0.07%	0.37%	0.07%
	EL	D	0.04%	0.22%	0.04%
	ELAN	D	0.01%	0.3%	0.01%
	ENPH	F	0.03%	0.32%	0.03%
	ENTG	D	0.03%	0.28%	0.03%
	EPAM	F	0.02%	0.24%	0.02%
	ESI	C	0.01%	0.37%	0.01%
	ESNT	A	0.01%	0.36%	0.01%
	ETSY	F	0.01%	0.28%	0.01%
	EW	F	0.07%	0.24%	0.07%
	EXAS	C	0.02%	0.32%	0.02%
	EXEL	B	0.01%	0.37%	0.01%
	FFIV	B	0.02%	0.39%	0.02%
	FHN	D	0.02%	0.34%	0.02%
	FND	C	0.02%	0.32%	0.02%
	GDDY	B	0.04%	0.45%	0.04%
	GNTX	D	0.01%	0.29%	0.01%
	GPN	F	0.05%	0.26%	0.05%
	GWW	B	0.08%	0.35%	0.08%
	HBAN	B	0.04%	0.36%	0.04%
	HLNE	A	0.01%	0.5%	0.01%
	HUBS	D	0.05%	0.29%	0.05%
	IDXX	D	0.08%	0.32%	0.08%
	INGR	B	0.02%	0.4%	0.02%
	INTU	F	0.32%	0.32%	0.32%
	IONS	F	0.01%	0.32%	0.01%
	IPG	D	0.02%	0.33%	0.02%
	IPGP	D	0.0%	0.28%	0.0%
	IT	A	0.07%	0.36%	0.07%
	ITW	C	0.15%	0.33%	0.15%
	JKHY	A	0.03%	0.34%	0.03%
	KEY	B	0.03%	0.36%	0.03%
	KLAC	B	0.19%	0.38%	0.19%
	KMB	D	0.09%	0.37%	0.09%
	KR	C	0.07%	0.34%	0.07%
	LAD	C	0.02%	0.36%	0.02%
	LEA	F	0.01%	0.26%	0.01%
	LEVI	C	0.0%	0.37%	0.0%
	LFUS	C	0.01%	0.37%	0.01%
	LII	C	0.04%	0.42%	0.04%
	LPLA	D	0.03%	0.3%	0.03%
	LRCX	D	0.2%	0.29%	0.2%
	LSCC	D	0.01%	0.23%	0.01%
	MA	A	0.78%	0.35%	0.35%
	MDB	D	0.03%	0.25%	0.03%
	MKSI	F	0.01%	0.28%	0.01%
	MPWR	B	0.08%	0.46%	0.08%
	MRK	F	0.56%	0.29%	0.29%
	MRNA	F	0.04%	0.21%	0.04%
	MSA	F	0.01%	0.31%	0.01%
	MSCI	B	0.09%	0.35%	0.09%
	MSFT	D	5.89%	0.34%	0.34%
	MTH	C	0.01%	0.39%	0.01%
	NBIX	F	0.02%	0.28%	0.02%
	NDSN	C	0.03%	0.32%	0.03%
	NFLX	A	0.57%	0.4%	0.4%
	NOVT	C	0.01%	0.34%	0.01%
	NOW	B	0.34%	0.39%	0.34%
	NTAP	D	0.05%	0.39%	0.05%
	NTNX	C	0.03%	0.33%	0.03%
	NVDA	B	5.28%	0.46%	0.46%
	NYT	C	0.02%	0.43%	0.02%
	OKTA	F	0.02%	0.24%	0.02%
	OLED	B	0.02%	0.41%	0.02%
	OMC	C	0.04%	0.36%	0.04%
	OMF	D	0.01%	0.31%	0.01%
	OZK	D	0.01%	0.31%	0.01%
	PARA	F	0.01%	0.31%	0.01%
	PAYC	D	0.02%	0.29%	0.02%
	PAYX	B	0.09%	0.37%	0.09%
	PEN	D	0.01%	0.29%	0.01%
	PFE	D	0.31%	0.36%	0.31%
	PFGC	A	0.02%	0.36%	0.02%
	PLD	D	0.22%	0.33%	0.22%
	PLNT	B	0.01%	0.44%	0.01%
	PODD	C	0.03%	0.46%	0.03%
	PRI	A	0.02%	0.35%	0.02%
	PSTG	F	0.03%	0.32%	0.03%
	PTC	B	0.04%	0.33%	0.04%
	PYPL	A	0.15%	0.39%	0.15%
	QCOM	D	0.35%	0.34%	0.34%
	REXR	D	0.02%	0.34%	0.02%
	RGEN	F	0.01%	0.27%	0.01%
	RHI	D	0.01%	0.29%	0.01%
	RHP	B	0.01%	0.32%	0.01%
	RL	B	0.01%	0.35%	0.01%
	RMBS	F	0.01%	0.23%	0.01%
	RMD	C	0.07%	0.41%	0.07%
	ROK	D	0.06%	0.31%	0.06%
	ROST	D	0.09%	0.35%	0.09%
	SFM	A	0.02%	0.57%	0.02%
	SIGI	D	0.01%	0.28%	0.01%
	SITE	D	0.01%	0.29%	0.01%
	SMAR	A	0.01%	0.49%	0.01%
	SSNC	C	0.03%	0.39%	0.03%
	SYY	D	0.08%	0.32%	0.08%
	TER	C	0.04%	0.4%	0.04%
	TJX	D	0.26%	0.39%	0.26%
	TMUS	A	0.19%	0.43%	0.19%
	TREX	D	0.01%	0.23%	0.01%
	TRMB	B	0.03%	0.32%	0.03%
	TSLA	C	1.35%	0.5%	0.5%
	TTWO	D	0.05%	0.35%	0.05%
	TWLO	B	0.02%	0.36%	0.02%
	TXN	C	0.35%	0.41%	0.35%
	URI	C	0.1%	0.38%	0.1%
	UTHR	C	0.03%	0.53%	0.03%
	V	B	0.84%	0.33%	0.33%
	VEEV	C	0.06%	0.31%	0.06%
	VOYA	A	0.02%	0.36%	0.02%
	VRSK	D	0.07%	0.38%	0.07%
	VRSN	C	0.03%	0.34%	0.03%
	VRTX	D	0.23%	0.38%	0.23%
	VVV	D	0.01%	0.32%	0.01%
	VZ	C	0.36%	0.36%	0.36%
	W	C	0.01%	0.28%	0.01%
	WBS	D	0.01%	0.31%	0.01%
	WDAY	D	0.1%	0.3%	0.1%
	WRB	C	0.03%	0.32%	0.03%
	WTFC	B	0.01%	0.35%	0.01%
	WTS	C	0.01%	0.33%	0.01%
	XYL	C	0.06%	0.35%	0.06%
	ZM	B	0.03%	0.36%	0.03%
	ZS	F	0.03%	0.3%	0.03%
	ZTS	C	0.17%	0.39%	0.17%

GUSA Overweight 798 Positions Relative to ETHO

	Symbol	Grade	Weight
	AMZN	C	3.28%
	META	A	2.42%
	GOOGL	B	1.87%
	GOOG	B	1.68%
	AVGO	B	1.45%
	LLY	D	1.43%
	BRK.A	B	1.13%
	JPM	C	1.13%
	XOM	A	1.03%
	UNH	B	1.02%
	PG	D	0.78%
	HD	A	0.77%
	COST	C	0.74%
	JNJ	D	0.74%
	WMT	A	0.68%
	ABBV	C	0.66%
	KO	C	0.53%
	BAC	B	0.51%
	ORCL	A	0.5%
	CVX	B	0.48%
	PEP	F	0.45%
	TMO	D	0.45%
	ACN	B	0.45%
	LIN	C	0.44%
	MCD	A	0.42%
	GE	B	0.39%
	ABT	C	0.38%
	IBM	A	0.38%
	CAT	A	0.37%
	WFC	B	0.37%
	PM	D	0.36%
	DHR	D	0.35%
	DIS	D	0.33%
	NEE	C	0.33%
	ISRG	C	0.32%
	SPGI	C	0.31%
	CMCSA	B	0.31%
	RTX	A	0.31%
	LOW	C	0.3%
	GS	B	0.3%
	T	B	0.3%
	UNP	F	0.29%
	UBER	C	0.29%
	LMT	A	0.28%
	PGR	B	0.28%
	HON	C	0.26%
	BLK	A	0.26%
	ETN	B	0.25%
	MS	A	0.25%
	BSX	A	0.24%
	COP	D	0.24%
	CB	A	0.23%
	ELV	F	0.23%
	SYK	C	0.22%
	C	B	0.22%
	MDT	C	0.22%
	ADP	A	0.22%
	BMY	A	0.21%
	AMT	D	0.21%
	NKE	D	0.21%
	REGN	D	0.21%
	SBUX	B	0.21%
	MMC	D	0.21%
	MU	D	0.21%
	GILD	A	0.2%
	DE	C	0.2%
	FI	A	0.2%
	PANW	B	0.2%
	BX	C	0.2%
	MELI	D	0.19%
	CI	D	0.19%
	MDLZ	D	0.19%
	SO	A	0.19%
	SCHW	D	0.18%
	INTC	D	0.18%
	UPS	D	0.18%
	KKR	A	0.17%
	MO	D	0.17%
	TT	A	0.17%
	DUK	C	0.17%
	BA	F	0.17%
	SHW	C	0.17%
	ICE	A	0.17%
	EQIX	C	0.16%
	CEG	A	0.16%
	WM	B	0.16%
	CL	D	0.16%
	WELL	C	0.15%
	CVS	D	0.15%
	HCA	C	0.15%
	TDG	A	0.15%
	PH	A	0.15%
	NOC	B	0.15%
	CME	A	0.15%
	PNC	C	0.14%
	PLTR	A	0.14%
	FCX	B	0.14%
	EOG	B	0.14%
	MCO	D	0.14%
	MSI	A	0.14%
	APH	D	0.14%
	SNPS	F	0.14%
	MMM	C	0.14%
	USB	C	0.13%
	CSX	D	0.13%
	AON	A	0.13%
	ORLY	A	0.13%
	GD	C	0.13%
	GEV	A	0.13%
	BDX	C	0.13%
	TGT	C	0.13%
	CTAS	C	0.13%
	FDX	F	0.12%
	CRWD	D	0.12%
	SLB	D	0.12%
	EMR	B	0.12%
	NEM	C	0.12%
	CARR	A	0.12%
	APD	C	0.12%
	ECL	C	0.12%
	MCK	F	0.12%
	COF	A	0.11%
	TFC	D	0.11%
	NSC	C	0.11%
	PSX	D	0.11%
	HLT	A	0.11%
	WMB	A	0.11%
	PSA	C	0.11%
	DHI	C	0.11%
	AFL	A	0.11%
	ROP	D	0.11%
	MPC	D	0.11%
	MAR	A	0.11%
	MRVL	C	0.11%
	PCAR	D	0.1%
	JCI	C	0.1%
	CCI	D	0.1%
	GM	D	0.1%
	DLR	C	0.1%
	SRE	C	0.1%
	ABNB	D	0.1%
	APO	A	0.1%
	BK	A	0.1%
	OKE	A	0.1%
	SPOT	C	0.1%
	AEP	C	0.1%
	AZO	D	0.1%
	TRV	B	0.1%
	O	C	0.1%
	SPG	A	0.1%
	VLO	F	0.09%
	PEG	A	0.09%
	LEN	C	0.09%
	DASH	A	0.09%
	LHX	A	0.09%
	FIS	A	0.09%
	FICO	C	0.09%
	FTNT	A	0.09%
	AMP	A	0.09%
	TTD	A	0.09%
	AIG	C	0.09%
	MET	A	0.09%
	D	A	0.09%
	ALL	A	0.09%
	KDP	C	0.08%
	CNC	F	0.08%
	IR	A	0.08%
	CTVA	A	0.08%
	EXC	C	0.08%
	ACGL	A	0.08%
	STZ	D	0.08%
	FAST	C	0.08%
	MCHP	F	0.08%
	LNG	A	0.08%
	HWM	A	0.08%
	IQV	F	0.08%
	RSG	D	0.08%
	FLUT	B	0.08%
	VST	A	0.08%
	F	D	0.08%
	PCG	C	0.08%
	GIS	C	0.08%
	PWR	A	0.08%
	OTIS	A	0.08%
	A	B	0.08%
	PRU	B	0.08%
	KVUE	C	0.08%
	KMI	A	0.08%
	CPRT	B	0.08%
	CMI	A	0.08%
	HPQ	B	0.07%
	IRM	B	0.07%
	GLW	C	0.07%
	SNOW	F	0.07%
	HIG	A	0.07%
	EFX	D	0.07%
	XEL	C	0.07%
	MNST	D	0.07%
	ED	C	0.07%
	SQ	D	0.07%
	NUE	D	0.07%
	ODFL	F	0.07%
	OXY	D	0.07%
	BKR	B	0.07%
	EXR	D	0.07%
	CTSH	B	0.07%
	COR	F	0.07%
	RCL	B	0.07%
	CBRE	C	0.07%
	HES	D	0.07%
	DOW	B	0.07%
	AME	C	0.07%
	YUM	C	0.07%
	GEHC	C	0.07%
	ADM	F	0.06%
	NVR	C	0.06%
	LULU	D	0.06%
	FANG	D	0.06%
	CSGP	F	0.06%
	WEC	B	0.06%
	DELL	C	0.06%
	ON	F	0.06%
	PPG	D	0.06%
	PHM	C	0.06%
	MTD	C	0.06%
	WTW	C	0.06%
	AVB	C	0.06%
	CHTR	D	0.06%
	DAL	C	0.06%
	TSCO	A	0.06%
	WAB	A	0.06%
	COIN	F	0.06%
	VMC	D	0.06%
	MLM	F	0.06%
	VRT	B	0.06%
	TRGP	A	0.06%
	EBAY	A	0.06%
	DD	C	0.06%
	HUM	F	0.06%
	EIX	C	0.06%
	VICI	C	0.06%
	BLDR	C	0.05%
	TROW	D	0.05%
	APP	A	0.05%
	TYL	D	0.05%
	MSTR	B	0.05%
	FE	C	0.05%
	VLTO	A	0.05%
	LYB	B	0.05%
	FSLR	C	0.05%
	WY	C	0.05%
	PPL	C	0.05%
	DVN	F	0.05%
	BR	B	0.05%
	TEAM	D	0.05%
	SW	C	0.05%
	EQR	C	0.05%
	VTR	C	0.05%
	HPE	B	0.05%
	SBAC	C	0.05%
	DOV	C	0.05%
	IFF	D	0.05%
	STT	A	0.05%
	DTE	B	0.05%
	GRMN	D	0.05%
	CPNG	C	0.05%
	HAL	D	0.05%
	CAH	B	0.05%
	NDAQ	C	0.05%
	KEYS	B	0.05%
	ARES	A	0.05%
	FTV	C	0.05%
	BIIB	F	0.05%
	KHC	F	0.05%
	ETR	A	0.05%
	HSY	D	0.05%
	AXON	A	0.05%
	MTB	A	0.05%
	FITB	C	0.05%
	ARE	D	0.04%
	WSM	C	0.04%
	DG	F	0.04%
	WBD	F	0.04%
	MAA	D	0.04%
	UAL	A	0.04%
	ULTA	D	0.04%
	ESS	D	0.04%
	EXPE	B	0.04%
	ZBRA	B	0.04%
	BAX	D	0.04%
	HOLX	D	0.04%
	CNP	B	0.04%
	LVS	B	0.04%
	STLD	C	0.04%
	PKG	B	0.04%
	APTV	D	0.04%
	NRG	A	0.04%
	GPC	D	0.04%
	PINS	D	0.04%
	INVH	D	0.04%
	MOH	F	0.04%
	BBY	C	0.04%
	DRI	C	0.04%
	SYF	A	0.04%
	TRU	C	0.04%
	PFG	A	0.04%
	EME	B	0.04%
	MKL	B	0.04%
	ILMN	B	0.04%
	TDY	A	0.04%
	CLX	C	0.04%
	RF	B	0.04%
	BALL	C	0.04%
	STX	C	0.04%
	FCNCA	D	0.04%
	ATO	A	0.04%
	K	B	0.04%
	RBLX	D	0.04%
	TPL	A	0.04%
	BAH	C	0.04%
	WAT	B	0.04%
	CMS	A	0.04%
	CINF	A	0.04%
	MKC	C	0.04%
	CSL	A	0.04%
	WDC	C	0.04%
	CPAY	A	0.04%
	CBOE	B	0.04%
	WST	D	0.04%
	ZBH	F	0.04%
	NET	D	0.04%
	LDOS	A	0.04%
	HUBB	A	0.04%
	AEE	A	0.04%
	STE	D	0.04%
	RJF	B	0.04%
	ES	D	0.04%
	FLEX	B	0.03%
	EMN	C	0.03%
	JBL	C	0.03%
	GLPI	C	0.03%
	WPC	C	0.03%
	ERIE	A	0.03%
	BG	F	0.03%
	UDR	C	0.03%
	FIX	A	0.03%
	EQH	B	0.03%
	VTRS	D	0.03%
	NTRA	A	0.03%
	ACM	A	0.03%
	GWRE	A	0.03%
	JBHT	D	0.03%
	EVRG	C	0.03%
	DLTR	F	0.03%
	USFD	C	0.03%
	CASY	D	0.03%
	IBKR	A	0.03%
	RNR	A	0.03%
	RGA	B	0.03%
	POOL	D	0.03%
	AES	C	0.03%
	TW	A	0.03%
	GGG	C	0.03%
	THC	D	0.03%
	CE	D	0.03%
	L	C	0.03%
	GEN	A	0.03%
	EQT	C	0.03%
	AKAM	D	0.03%
	SNA	C	0.03%
	ROL	C	0.03%
	KIM	C	0.03%
	OC	C	0.03%
	DPZ	D	0.03%
	SWKS	F	0.03%
	HEI	C	0.03%
	RVTY	C	0.03%
	RPM	A	0.03%
	LNT	B	0.03%
	NI	A	0.03%
	CAG	D	0.03%
	MRO	B	0.03%
	CF	A	0.03%
	FNF	C	0.03%
	PNR	C	0.03%
	DOC	C	0.03%
	IEX	D	0.03%
	TOL	C	0.03%
	LYV	A	0.03%
	RS	D	0.03%
	AMCR	C	0.03%
	SUI	D	0.03%
	J	F	0.03%
	TXT	F	0.03%
	SWK	C	0.03%
	AVTR	D	0.03%
	MANH	A	0.03%
	WSO	C	0.03%
	TSN	D	0.03%
	EG	A	0.03%
	IP	C	0.03%
	DGX	D	0.03%
	ALGN	D	0.03%
	CVNA	A	0.03%
	CHK	C	0.03%
	FDS	C	0.03%
	AVY	D	0.03%
	DKNG	C	0.03%
	LUV	B	0.03%
	CCL	C	0.03%
	YUMC	B	0.03%
	EXPD	D	0.03%
	CFG	C	0.03%
	MAS	C	0.03%
	CTRA	D	0.03%
	NTRS	B	0.03%
	MEDP	F	0.02%
	COLD	D	0.02%
	X	F	0.02%
	ENSG	D	0.02%
	FCN	C	0.02%
	AXTA	C	0.02%
	BSY	D	0.02%
	FLR	B	0.02%
	UFPI	C	0.02%
	RBC	C	0.02%
	BFAM	C	0.02%
	AR	C	0.02%
	CHRD	F	0.02%
	ATI	C	0.02%
	BWA	C	0.02%
	HLI	A	0.02%
	SSD	B	0.02%
	BRBR	A	0.02%
	GLOB	D	0.02%
	MLI	B	0.02%
	MORN	B	0.02%
	FMC	C	0.02%
	OGE	C	0.02%
	KNX	D	0.02%
	WEX	C	0.02%
	HSIC	D	0.02%
	FN	B	0.02%
	NCLH	C	0.02%
	MHK	C	0.02%
	BRX	C	0.02%
	FRT	D	0.02%
	CZR	B	0.02%
	ALSN	A	0.02%
	AIT	B	0.02%
	CNH	C	0.02%
	TKO	A	0.02%
	CHE	D	0.02%
	SNX	C	0.02%
	MOS	F	0.02%
	EGP	D	0.02%
	HRB	C	0.02%
	CIEN	A	0.02%
	DVA	C	0.02%
	DCI	B	0.02%
	KBR	A	0.02%
	EVR	C	0.02%
	NNN	C	0.02%
	TPX	C	0.02%
	ORI	A	0.02%
	SKX	B	0.02%
	TTC	F	0.02%
	LBRDK	C	0.02%
	PSN	A	0.02%
	WAL	C	0.02%
	GPK	D	0.02%
	OWL	A	0.02%
	APA	F	0.02%
	IOT	C	0.02%
	ROKU	C	0.02%
	HRL	F	0.02%
	SOLV	C	0.02%
	GL	C	0.02%
	SF	A	0.02%
	CPB	D	0.02%
	LW	D	0.02%
	RGLD	C	0.02%
	QRVO	F	0.02%
	AYI	A	0.02%
	CHDN	C	0.02%
	HAS	A	0.02%
	GNRC	B	0.02%
	CG	B	0.02%
	AFRM	C	0.02%
	MKTX	B	0.02%
	MUSA	D	0.02%
	EHC	C	0.02%
	GMED	B	0.02%
	ARMK	C	0.02%
	MGM	D	0.02%
	AFG	A	0.02%
	WYNN	B	0.02%
	FOXA	B	0.02%
	EXP	C	0.02%
	ONTO	B	0.02%
	CRL	F	0.02%
	OVV	D	0.02%
	MTCH	B	0.02%
	OHI	C	0.02%
	Z	C	0.02%
	TAP	D	0.02%
	NWSA	D	0.02%
	DOX	B	0.02%
	WWD	C	0.02%
	SCCO	B	0.02%
	LKQ	F	0.02%
	QGEN	F	0.02%
	DUOL	B	0.02%
	BWXT	A	0.02%
	PNW	C	0.02%
	AIZ	B	0.02%
	HII	F	0.02%
	WMS	D	0.02%
	WTRG	D	0.02%
	KNSL	B	0.02%
	TPR	B	0.02%
	JEF	A	0.02%
	RPRX	D	0.02%
	SRPT	F	0.02%
	LECO	D	0.02%
	SNAP	D	0.02%
	HEI	C	0.02%
	RRX	B	0.02%
	TOST	B	0.02%
	CTLT	A	0.02%
	HOOD	B	0.02%
	ALB	D	0.02%
	UNM	A	0.02%
	CACI	A	0.02%
	FBIN	C	0.02%
	EWBC	B	0.02%
	SCI	D	0.02%
	BJ	B	0.02%
	NVT	C	0.02%
	CCK	C	0.02%
	LAMR	C	0.02%
	BXP	B	0.02%
	INSM	D	0.02%
	TFX	C	0.02%
	UHS	D	0.02%
	SAIA	D	0.02%
	DKS	D	0.02%
	COHR	B	0.02%
	FTI	B	0.02%
	CUBE	C	0.02%
	TXRH	A	0.02%
	PCVX	C	0.02%
	REG	C	0.02%
	XPO	F	0.02%
	ITT	C	0.02%
	CLH	B	0.02%
	TECH	D	0.02%
	KMX	F	0.02%
	WING	C	0.02%
	JNPR	C	0.02%
	HST	D	0.02%
	TTEK	A	0.02%
	SJM	D	0.02%
	ELS	D	0.02%
	JLL	C	0.02%
	CHRW	C	0.02%
	ALLE	A	0.02%
	INCY	B	0.02%
	AMH	D	0.02%
	CPT	C	0.02%
	BLD	D	0.02%
	CW	A	0.02%
	BBIO	F	0.01%
	BROS	F	0.01%
	LCID	F	0.01%
	HESM	C	0.01%
	CACC	F	0.01%
	CRVL	C	0.01%
	GFS	F	0.01%
	PAG	D	0.01%
	ZG	C	0.01%
	TNET	D	0.01%
	DDS	D	0.01%
	DNB	D	0.01%
	PBF	F	0.01%
	RIG	F	0.01%
	STNG	B	0.01%
	NSA	D	0.01%
	LANC	F	0.01%
	SLAB	D	0.01%
	IAC	C	0.01%
	ENLC	A	0.01%
	CHH	A	0.01%
	M	D	0.01%
	MSM	D	0.01%
	RYN	C	0.01%
	WMG	D	0.01%
	CHWY	C	0.01%
	HUN	B	0.01%
	WU	D	0.01%
	SIG	C	0.01%
	MGY	B	0.01%
	SWX	C	0.01%
	SLGN	B	0.01%
	HCP	A	0.01%
	GAP	F	0.01%
	ASGN	D	0.01%
	CFLT	F	0.01%
	CIVI	F	0.01%
	FLO	D	0.01%
	ASH	F	0.01%
	APPF	C	0.01%
	EEFT	F	0.01%
	BYD	B	0.01%
	FFIN	D	0.01%
	KRC	C	0.01%
	LYFT	D	0.01%
	PII	D	0.01%
	GATX	F	0.01%
	SUM	F	0.01%
	DLB	D	0.01%
	HOG	D	0.01%
	CNM	F	0.01%
	QLYS	F	0.01%
	AL	D	0.01%
	TENB	D	0.01%
	AN	D	0.01%
	CELH	F	0.01%
	SM	D	0.01%
	UBSI	D	0.01%
	TPG	A	0.01%
	CPRI	C	0.01%
	OGN	F	0.01%
	PATH	D	0.01%
	WLK	C	0.01%
	PCOR	D	0.01%
	JHG	A	0.01%
	GBCI	B	0.01%
	FIVE	D	0.01%
	FOUR	A	0.01%
	RH	C	0.01%
	MUR	F	0.01%
	GTLS	D	0.01%
	ROIV	D	0.01%
	FOX	B	0.01%
	ALTR	B	0.01%
	OPCH	F	0.01%
	UGI	C	0.01%
	HXL	F	0.01%
	NXST	D	0.01%
	VNT	F	0.01%
	AM	A	0.01%
	BILL	D	0.01%
	IDA	D	0.01%
	LNC	B	0.01%
	MDU	C	0.01%
	SEE	C	0.01%
	THG	A	0.01%
	NFG	A	0.01%
	SON	D	0.01%
	DOCS	A	0.01%
	SN	A	0.01%
	ST	F	0.01%
	GTLB	D	0.01%
	U	D	0.01%
	TKR	B	0.01%
	PVH	D	0.01%
	XRAY	D	0.01%
	AMG	B	0.01%
	BPMC	F	0.01%
	THO	C	0.01%
	ONB	D	0.01%
	ACHC	F	0.01%
	MMS	C	0.01%
	APG	F	0.01%
	SRCL	B	0.01%
	IVZ	A	0.01%
	EXPO	A	0.01%
	BC	C	0.01%
	MTDR	D	0.01%
	OLN	D	0.01%
	POST	C	0.01%
	VMI	B	0.01%
	ELF	F	0.01%
	VKTX	C	0.01%
	WHR	C	0.01%
	ALK	C	0.01%
	DAR	F	0.01%
	MTSI	B	0.01%
	PR	D	0.01%
	GME	D	0.01%
	IBP	C	0.01%
	S	C	0.01%
	STWD	C	0.01%
	CHX	C	0.01%
	GXO	D	0.01%
	ESAB	C	0.01%
	MASI	B	0.01%
	INSP	C	0.01%
	CLF	D	0.01%
	EXLS	B	0.01%
	WH	C	0.01%
	WFRD	F	0.01%
	AGCO	D	0.01%
	ESTC	F	0.01%
	SNV	D	0.01%
	AXS	A	0.01%
	BEN	F	0.01%
	WBA	F	0.01%
	MTN	D	0.01%
	CMC	D	0.01%
	CRUS	D	0.01%
	RLI	A	0.01%
	CFR	B	0.01%
	NOV	F	0.01%
	PB	D	0.01%
	G	A	0.01%
	LNW	F	0.01%
	H	B	0.01%
	OSK	F	0.01%
	ITCI	D	0.01%
	MAT	B	0.01%
	FAF	C	0.01%
	ANF	D	0.01%
	RYAN	A	0.01%
	JAZZ	F	0.01%
	DINO	F	0.01%
	LSTR	F	0.01%
	ZION	D	0.01%
	AZEK	D	0.01%
	HQY	B	0.01%
	CRBG	B	0.01%
	BPOP	D	0.01%
	BIO	B	0.01%
	COKE	C	0.01%
	FLS	A	0.01%
	RVMD	B	0.01%
	WSC	D	0.01%
	ALV	F	0.01%
	SEIC	B	0.01%
	STAG	D	0.01%
	AA	B	0.01%
	LPX	C	0.01%
	SPSC	D	0.01%
	PNFP	B	0.01%
	RIVN	F	0.01%
	AAL	D	0.01%
	SSB	C	0.01%
	BBWI	F	0.01%
	KEX	C	0.01%
	LNTH	C	0.01%
	PCTY	C	0.01%
	HALO	D	0.01%
	SOFI	C	0.01%
	ARW	C	0.01%
	FR	D	0.01%
	UHAL	C	0.01%
	SAIC	A	0.01%
	MIDD	D	0.01%
	VFC	A	0.01%
	RRC	D	0.01%
	WCC	D	0.01%
	CR	A	0.01%
	ADC	C	0.01%
	DTM	A	0.01%
	ACI	F	0.01%
	MTZ	A	0.01%
	FYBR	C	0.01%
	DJT	F	0.0%
	UHAL	C	0.0%
	UWMC	D	0.0%
	BLCO	C	0.0%
	NFE	F	0.0%
	CWEN	C	0.0%
	CNA	D	0.0%
	INFA	D	0.0%
	BIRK	F	0.0%
	LBRDA	C	0.0%
	ALGM	F	0.0%
	LEN	C	0.0%
	IMVT	D	0.0%
	KNTK	A	0.0%
	REYN	D	0.0%
	RDDT	B	0.0%
	PPC	C	0.0%
	NWS	D	0.0%
	RCM	B	0.0%
	IGT	F	0.0%
	CLVT	D	0.0%
	RKT	D	0.0%
	CNXC	F	0.0%
	IPAR	D	0.0%
	EDR	A	0.0%
	APLS	F	0.0%
	CWEN	C	0.0%
	ADTN	C	0.0%
	AGR	C	0.0%
	ZI	F	0.0%

GUSA Underweight 112 Positions Relative to ETHO

	Symbol	Grade	Weight
	NOVA	F	-0.57%
	TPIC	C	-0.53%
	AGIO	D	-0.53%
	VCYT	C	-0.52%
	PTGX	C	-0.52%
	FTDR	B	-0.51%
	PIPR	A	-0.48%
	MOD	B	-0.47%
	SASR	B	-0.46%
	GKOS	B	-0.46%
	LITE	A	-0.46%
	IDCC	A	-0.45%
	BMI	A	-0.45%
	COLB	C	-0.45%
	CARG	C	-0.44%
	MMSI	C	-0.44%
	EXTR	D	-0.44%
	MATX	C	-0.43%
	NMIH	B	-0.43%
	BKU	D	-0.43%
	BRC	C	-0.43%
	EPRT	C	-0.43%
	CPRX	C	-0.42%
	MSEX	C	-0.42%
	CNS	C	-0.42%
	PFSI	C	-0.42%
	CAC	C	-0.41%
	LQDT	C	-0.41%
	HASI	B	-0.41%
	AAT	C	-0.41%
	CWT	D	-0.41%
	RARE	D	-0.4%
	DEA	D	-0.4%
	EBC	B	-0.4%
	AWR	B	-0.39%
	SHOO	A	-0.39%
	BOX	C	-0.39%
	TPH	C	-0.39%
	HNI	B	-0.39%
	FFBC	D	-0.38%
	FIBK	C	-0.38%
	INFN	C	-0.38%
	BCPC	C	-0.38%
	LZB	D	-0.38%
	SCSC	D	-0.37%
	THS	D	-0.37%
	ITGR	B	-0.37%
	HWC	D	-0.37%
	CAKE	A	-0.37%
	AUB	D	-0.36%
	TGNA	B	-0.36%
	KRO	C	-0.36%
	YETI	C	-0.36%
	BUSE	D	-0.36%
	CTS	B	-0.35%
	BZH	C	-0.35%
	GIII	C	-0.35%
	PPBI	D	-0.35%
	ATEN	B	-0.35%
	FC	C	-0.35%
	RUSHA	D	-0.34%
	ASB	D	-0.34%
	BOH	D	-0.34%
	XHR	A	-0.34%
	GEF	B	-0.34%
	SCS	D	-0.34%
	CARS	F	-0.33%
	LCII	C	-0.33%
	IRBT	D	-0.33%
	NTCT	C	-0.33%
	FELE	C	-0.33%
	JBT	B	-0.32%
	CSGS	B	-0.32%
	HAE	F	-0.32%
	EPC	F	-0.32%
	SHO	B	-0.32%
	BE	F	-0.32%
	PINC	F	-0.31%
	THR	F	-0.31%
	APLE	B	-0.31%
	ATRC	C	-0.31%
	ROG	D	-0.31%
	AMTB	F	-0.3%
	POWI	F	-0.3%
	REZI	D	-0.3%
	KELYA	D	-0.29%
	CASS	F	-0.29%
	SCL	D	-0.29%
	MXL	D	-0.28%
	BL	D	-0.28%
	THRM	F	-0.28%
	USNA	F	-0.27%
	CRI	D	-0.27%
	HVT	F	-0.27%
	COHU	F	-0.26%
	HPP	F	-0.25%
	ALG	F	-0.25%
	DENN	D	-0.25%
	TTGT	F	-0.25%
	VAC	D	-0.24%
	AMN	F	-0.23%
	ARWR	F	-0.23%
	MOV	F	-0.23%
	ALLO	D	-0.22%
	PLUG	D	-0.22%
	MYRG	D	-0.2%
	HELE	D	-0.18%
	PCRX	D	-0.17%
	EB	F	-0.17%
	EDIT	F	-0.16%
	NVRO	F	-0.12%
	CHGG	F	-0.08%

GUSA: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Biotechnology Business Services Software - Infrastructure Asset Management Oil & Gas E&P Utilities - Regulated Electric Semiconductors Specialty Retail Diagnostics & Research Capital Markets Insurance - Property & Casualty Packaged Foods Aerospace & Defense Building Materials Information Technology Services Packaging & Containers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Banking Bank Chemical Aerospace Electricity Real Estate Investment Trust Medicine Mining Semiconductor Telecommunications Biotechnology Dow Jones Component IBD 50 Insurance Products

ETHO: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Biotechnology Diversified Industrials Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Household & Personal Products Business Services Credit Services Apparel Manufacturing Medical Devices Medical Instruments & Supplies Scientific & Technical Instruments Asset Management Auto & Truck Dealerships Auto Parts Communication Equipment Diagnostics & Research Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Nasdaq 100 Computing Bank Banking Medicine Semiconductor Cloud Computing Electronics Commercial Banking Software As A Service Telecommunications Deposit Products Insurance Integrated Circuits Clothing Cloud Infrastructure Mobile Devices Biotechnology Department Store