GUSA vs. JPME ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

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

$51.73

Average Daily Volume

6,960

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$108.81

Average Daily Volume

10,059

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	JPME
30 Days	2.49%	3.84%
60 Days	5.23%	4.75%
90 Days	6.74%	6.36%
12 Months	32.92%	28.81%

308 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in JPME	Overlap
	A	D	0.07%	0.29%	0.07%
	ACGL	C	0.06%	0.1%	0.06%
	ACHC	F	0.01%	0.17%	0.01%
	ACI	C	0.01%	0.3%	0.01%
	ADM	D	0.05%	0.29%	0.05%
	ADTN	A	0.01%	0.03%	0.01%
	AEE	A	0.04%	0.02%	0.02%
	AFG	A	0.02%	0.19%	0.02%
	AFL	B	0.1%	0.38%	0.1%
	AJG	A	0.11%	0.37%	0.11%
	AKAM	D	0.02%	0.12%	0.02%
	ALLY	C	0.02%	0.11%	0.02%
	ALSN	B	0.02%	0.51%	0.02%
	AM	A	0.01%	0.4%	0.01%
	AME	A	0.08%	0.39%	0.08%
	AMH	C	0.02%	0.26%	0.02%
	AMP	A	0.1%	0.48%	0.1%
	AN	C	0.01%	0.32%	0.01%
	ANSS	B	0.05%	0.34%	0.05%
	AOS	F	0.02%	0.28%	0.02%
	APA	D	0.01%	0.14%	0.01%
	APP	B	0.13%	1.27%	0.13%
	AR	B	0.02%	0.3%	0.02%
	ASH	F	0.01%	0.26%	0.01%
	ATO	A	0.04%	0.42%	0.04%
	ATR	B	0.02%	0.01%	0.01%
	AVB	B	0.06%	0.38%	0.06%
	AVY	F	0.03%	0.3%	0.03%
	AXS	A	0.01%	0.15%	0.01%
	AYI	B	0.02%	0.09%	0.02%
	BAH	F	0.03%	0.14%	0.03%
	BBY	D	0.03%	0.29%	0.03%
	BG	D	0.02%	0.33%	0.02%
	BIIB	F	0.04%	0.04%	0.04%
	BKR	A	0.08%	0.18%	0.08%
	BLDR	D	0.04%	0.34%	0.04%
	BPOP	C	0.01%	0.3%	0.01%
	BRBR	A	0.02%	0.36%	0.02%
	BRKR	D	0.01%	0.2%	0.01%
	BRO	B	0.05%	0.17%	0.05%
	BRX	A	0.02%	0.4%	0.02%
	BWA	D	0.01%	0.13%	0.01%
	BYD	B	0.01%	0.27%	0.01%
	CACI	D	0.02%	0.4%	0.02%
	CAG	F	0.02%	0.31%	0.02%
	CAH	B	0.05%	0.4%	0.05%
	CASY	A	0.03%	0.41%	0.03%
	CBOE	C	0.04%	0.35%	0.04%
	CBRE	B	0.07%	0.44%	0.07%
	CDW	F	0.04%	0.26%	0.04%
	CE	F	0.01%	0.19%	0.01%
	CF	A	0.03%	0.41%	0.03%
	CFG	B	0.04%	0.11%	0.04%
	CHD	A	0.05%	0.33%	0.05%
	CHE	D	0.01%	0.33%	0.01%
	CHTR	C	0.07%	0.39%	0.07%
	CIEN	C	0.02%	0.51%	0.02%
	CLF	F	0.01%	0.28%	0.01%
	CLH	C	0.02%	0.41%	0.02%
	CLX	A	0.04%	0.35%	0.04%
	CMA	B	0.02%	0.07%	0.02%
	CMI	A	0.09%	0.47%	0.09%
	CMS	C	0.04%	0.37%	0.04%
	CNA	C	0.0%	0.0%	0.0%
	CNC	D	0.06%	0.25%	0.06%
	CNM	D	0.01%	0.35%	0.01%
	COKE	C	0.01%	0.34%	0.01%
	COR	B	0.08%	0.39%	0.08%
	CPB	D	0.02%	0.32%	0.02%
	CPT	B	0.02%	0.2%	0.02%
	CR	A	0.02%	0.05%	0.02%
	CROX	D	0.01%	0.22%	0.01%
	CRUS	D	0.01%	0.27%	0.01%
	CSL	C	0.04%	0.42%	0.04%
	CTRA	B	0.03%	0.33%	0.03%
	CTVA	C	0.07%	0.3%	0.07%
	CUBE	C	0.02%	0.35%	0.02%
	CWEN	C	0.0%	0.24%	0.0%
	CWEN	C	0.0%	0.24%	0.0%
	DECK	A	0.05%	0.38%	0.05%
	DFS	B	0.08%	0.14%	0.08%
	DGX	A	0.03%	0.39%	0.03%
	DHI	F	0.09%	0.33%	0.09%
	DINO	D	0.01%	0.35%	0.01%
	DKS	D	0.02%	0.36%	0.02%
	DLB	B	0.01%	0.22%	0.01%
	DOX	D	0.02%	0.3%	0.02%
	DRI	B	0.03%	0.26%	0.03%
	DTE	C	0.05%	0.37%	0.05%
	DTM	A	0.02%	0.5%	0.02%
	DVA	C	0.01%	0.38%	0.01%
	DVN	F	0.04%	0.27%	0.04%
	ED	C	0.06%	0.35%	0.06%
	EG	C	0.02%	0.31%	0.02%
	EGP	D	0.02%	0.23%	0.02%
	EHC	B	0.02%	0.42%	0.02%
	EIX	B	0.06%	0.36%	0.06%
	ELAN	D	0.01%	0.16%	0.01%
	EME	A	0.04%	0.38%	0.04%
	EMN	C	0.02%	0.39%	0.02%
	EQR	C	0.05%	0.29%	0.05%
	ESI	B	0.01%	0.39%	0.01%
	ESS	B	0.04%	0.31%	0.04%
	ETR	B	0.06%	0.45%	0.06%
	EVRG	A	0.03%	0.4%	0.03%
	EXC	C	0.07%	0.28%	0.07%
	EXEL	B	0.02%	0.43%	0.02%
	EXP	B	0.02%	0.21%	0.02%
	EXPD	C	0.03%	0.22%	0.03%
	FANG	C	0.06%	0.38%	0.06%
	FAST	B	0.09%	0.41%	0.09%
	FBIN	D	0.02%	0.32%	0.02%
	FCNCA	A	0.05%	0.43%	0.05%
	FE	C	0.04%	0.35%	0.04%
	FITB	B	0.06%	0.19%	0.06%
	FLO	D	0.01%	0.26%	0.01%
	FMC	D	0.01%	0.21%	0.01%
	FNF	B	0.03%	0.18%	0.03%
	FR	D	0.01%	0.23%	0.01%
	FRT	B	0.02%	0.18%	0.02%
	FYBR	C	0.01%	0.37%	0.01%
	GEHC	D	0.06%	0.07%	0.06%
	GEN	B	0.03%	0.33%	0.03%
	GGG	B	0.03%	0.35%	0.03%
	GIS	D	0.06%	0.32%	0.06%
	GLPI	C	0.02%	0.36%	0.02%
	GLW	B	0.07%	0.18%	0.07%
	GNTX	C	0.01%	0.3%	0.01%
	GRMN	B	0.06%	0.44%	0.06%
	GWW	B	0.09%	0.43%	0.09%
	HAL	C	0.05%	0.25%	0.05%
	HBAN	A	0.05%	0.41%	0.05%
	HIG	B	0.06%	0.38%	0.06%
	HOG	D	0.01%	0.02%	0.01%
	HOLX	D	0.03%	0.32%	0.03%
	HPE	B	0.05%	0.34%	0.05%
	HPQ	B	0.06%	0.3%	0.06%
	HRB	D	0.01%	0.33%	0.01%
	HRL	D	0.02%	0.26%	0.02%
	HSIC	C	0.02%	0.29%	0.02%
	HST	C	0.02%	0.32%	0.02%
	HSY	F	0.05%	0.21%	0.05%
	HUBB	B	0.04%	0.43%	0.04%
	HUN	F	0.01%	0.22%	0.01%
	HXL	F	0.01%	0.05%	0.01%
	IDA	A	0.01%	0.24%	0.01%
	IEX	C	0.03%	0.05%	0.03%
	IFF	D	0.04%	0.29%	0.04%
	INCY	C	0.02%	0.27%	0.02%
	INGR	C	0.02%	0.42%	0.02%
	IP	A	0.04%	0.45%	0.04%
	IPG	D	0.02%	0.03%	0.02%
	IQV	F	0.06%	0.28%	0.06%
	IRM	C	0.06%	0.39%	0.06%
	IT	C	0.07%	0.38%	0.07%
	ITT	A	0.02%	0.17%	0.02%
	JAZZ	B	0.01%	0.26%	0.01%
	JBL	C	0.03%	0.32%	0.03%
	JEF	A	0.02%	0.49%	0.02%
	JLL	D	0.02%	0.38%	0.02%
	JNPR	D	0.02%	0.38%	0.02%
	K	A	0.04%	0.38%	0.04%
	KEY	B	0.03%	0.1%	0.03%
	KEYS	A	0.05%	0.17%	0.05%
	KIM	A	0.03%	0.36%	0.03%
	KMI	A	0.1%	0.48%	0.1%
	KR	B	0.07%	0.42%	0.07%
	KRC	B	0.01%	0.29%	0.01%
	KVUE	A	0.08%	0.33%	0.08%
	L	A	0.03%	0.25%	0.03%
	LAMR	C	0.02%	0.39%	0.02%
	LBRDK	C	0.02%	0.09%	0.02%
	LDOS	C	0.04%	0.41%	0.04%
	LECO	C	0.02%	0.3%	0.02%
	LEN	D	0.07%	0.36%	0.07%
	LEN	D	0.0%	0.36%	0.0%
	LH	B	0.04%	0.32%	0.04%
	LNG	A	0.09%	0.44%	0.09%
	LNT	A	0.03%	0.38%	0.03%
	LPX	B	0.01%	0.27%	0.01%
	LSTR	D	0.01%	0.3%	0.01%
	LYB	F	0.04%	0.31%	0.04%
	M	F	0.01%	0.14%	0.01%
	MAA	B	0.03%	0.25%	0.03%
	MANH	D	0.03%	0.37%	0.03%
	MAS	D	0.03%	0.31%	0.03%
	MCHP	F	0.06%	0.21%	0.06%
	MEDP	D	0.01%	0.28%	0.01%
	MGM	D	0.02%	0.23%	0.02%
	MKC	C	0.03%	0.28%	0.03%
	MOH	F	0.03%	0.29%	0.03%
	MOS	F	0.02%	0.29%	0.02%
	MPWR	F	0.05%	0.27%	0.05%
	MRO	B	0.03%	0.41%	0.03%
	MSM	C	0.01%	0.33%	0.01%
	MTB	A	0.06%	0.31%	0.06%
	NBIX	C	0.02%	0.25%	0.02%
	NDSN	B	0.03%	0.06%	0.03%
	NFG	A	0.01%	0.36%	0.01%
	NI	A	0.03%	0.41%	0.03%
	NNN	C	0.01%	0.22%	0.01%
	NRG	B	0.04%	0.45%	0.04%
	NSA	C	0.01%	0.09%	0.01%
	NTAP	C	0.05%	0.34%	0.05%
	NUE	C	0.06%	0.31%	0.06%
	NVR	D	0.05%	0.37%	0.05%
	NVT	B	0.02%	0.18%	0.02%
	NXST	C	0.01%	0.36%	0.01%
	OC	A	0.03%	0.41%	0.03%
	OGE	A	0.02%	0.4%	0.02%
	OHI	C	0.02%	0.38%	0.02%
	OKE	A	0.12%	0.45%	0.12%
	OLN	F	0.01%	0.28%	0.01%
	OMC	C	0.03%	0.28%	0.03%
	OMF	A	0.01%	0.45%	0.01%
	ON	D	0.05%	0.24%	0.05%
	ORI	A	0.02%	0.4%	0.02%
	OVV	B	0.02%	0.27%	0.02%
	PAG	B	0.01%	0.35%	0.01%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	B	0.08%	0.27%	0.08%
	PB	B	0.01%	0.07%	0.01%
	PCG	A	0.08%	0.39%	0.08%
	PEG	A	0.08%	0.41%	0.08%
	PFG	D	0.04%	0.05%	0.04%
	PFGC	B	0.02%	0.4%	0.02%
	PHM	D	0.05%	0.37%	0.05%
	PKG	A	0.04%	0.41%	0.04%
	PNW	A	0.02%	0.39%	0.02%
	POOL	C	0.03%	0.13%	0.03%
	POST	C	0.01%	0.35%	0.01%
	PPC	C	0.0%	0.42%	0.0%
	PPL	A	0.05%	0.39%	0.05%
	PR	B	0.02%	0.4%	0.02%
	PRI	B	0.02%	0.22%	0.02%
	PWR	A	0.09%	0.46%	0.09%
	QGEN	D	0.02%	0.25%	0.02%
	QRVO	F	0.01%	0.12%	0.01%
	RBC	A	0.02%	0.31%	0.02%
	REG	A	0.02%	0.37%	0.02%
	REXR	F	0.02%	0.18%	0.02%
	REYN	D	0.0%	0.18%	0.0%
	RF	A	0.04%	0.17%	0.04%
	RGA	A	0.03%	0.41%	0.03%
	RGLD	C	0.02%	0.29%	0.02%
	RHI	C	0.01%	0.07%	0.01%
	RMD	C	0.06%	0.36%	0.06%
	ROKU	D	0.02%	0.37%	0.02%
	ROST	D	0.08%	0.31%	0.08%
	RPM	A	0.03%	0.41%	0.03%
	RPRX	D	0.02%	0.21%	0.02%
	RRC	B	0.02%	0.29%	0.02%
	RS	B	0.03%	0.37%	0.03%
	RVTY	F	0.03%	0.25%	0.03%
	RYN	D	0.01%	0.14%	0.01%
	SAIC	F	0.01%	0.28%	0.01%
	SCI	B	0.02%	0.15%	0.02%
	SJM	D	0.02%	0.29%	0.02%
	SLGN	A	0.01%	0.1%	0.01%
	SNA	A	0.03%	0.44%	0.03%
	SNX	D	0.02%	0.28%	0.02%
	SON	F	0.01%	0.14%	0.01%
	SPG	A	0.11%	0.41%	0.11%
	SSNC	B	0.03%	0.35%	0.03%
	STAG	D	0.01%	0.28%	0.01%
	STE	D	0.04%	0.32%	0.04%
	STLD	B	0.04%	0.42%	0.04%
	STWD	C	0.01%	0.23%	0.01%
	SWKS	F	0.02%	0.24%	0.02%
	SYF	B	0.05%	0.51%	0.05%
	SYY	D	0.07%	0.27%	0.07%
	TAP	C	0.02%	0.42%	0.02%
	TECH	F	0.02%	0.06%	0.02%
	TER	F	0.03%	0.27%	0.03%
	TFX	F	0.02%	0.08%	0.02%
	THC	D	0.02%	0.4%	0.02%
	THO	B	0.01%	0.13%	0.01%
	TKR	D	0.01%	0.35%	0.01%
	TOL	B	0.03%	0.42%	0.03%
	TPL	A	0.06%	0.44%	0.06%
	TPR	B	0.02%	0.43%	0.02%
	TRGP	A	0.08%	0.49%	0.08%
	TSCO	D	0.05%	0.34%	0.05%
	TSN	B	0.03%	0.36%	0.03%
	TXRH	B	0.02%	0.43%	0.02%
	TXT	D	0.03%	0.13%	0.03%
	TYL	B	0.05%	0.39%	0.05%
	UGI	C	0.01%	0.37%	0.01%
	UHS	D	0.02%	0.33%	0.02%
	UNM	A	0.02%	0.5%	0.02%
	USFD	A	0.03%	0.43%	0.03%
	UTHR	C	0.03%	0.42%	0.03%
	VEEV	C	0.06%	0.28%	0.06%
	VICI	C	0.06%	0.33%	0.06%
	VST	A	0.1%	0.71%	0.1%
	VTRS	A	0.03%	0.38%	0.03%
	VVV	D	0.01%	0.36%	0.01%
	WEC	A	0.06%	0.39%	0.06%
	WLK	D	0.01%	0.31%	0.01%
	WMB	A	0.13%	0.47%	0.13%
	WPC	C	0.02%	0.22%	0.02%
	WSM	C	0.03%	0.31%	0.03%
	WST	C	0.04%	0.28%	0.04%
	WY	F	0.04%	0.31%	0.04%
	X	B	0.02%	0.33%	0.02%
	XEL	A	0.07%	0.41%	0.07%
	XRAY	F	0.01%	0.09%	0.01%
	ZION	B	0.02%	0.09%	0.02%

GUSA Overweight 667 Positions Relative to JPME

	Symbol	Grade	Weight
	NVDA	B	6.32%
	AAPL	C	6.17%
	MSFT	D	5.59%
	AMZN	C	3.5%
	META	D	2.23%
	GOOGL	C	1.9%
	TSLA	B	1.76%
	GOOG	C	1.71%
	AVGO	D	1.38%
	JPM	A	1.26%
	BRK.A	B	1.13%
	LLY	F	1.13%
	UNH	B	0.97%
	XOM	B	0.96%
	V	A	0.95%
	MA	B	0.78%
	COST	A	0.75%
	HD	B	0.74%
	PG	C	0.73%
	WMT	A	0.69%
	NFLX	A	0.67%
	JNJ	C	0.67%
	BAC	A	0.57%
	ORCL	A	0.56%
	CRM	B	0.55%
	ABBV	F	0.54%
	CVX	A	0.5%
	WFC	A	0.46%
	MRK	D	0.45%
	KO	D	0.44%
	CSCO	B	0.42%
	AMD	F	0.41%
	ADBE	C	0.4%
	ACN	B	0.4%
	LIN	C	0.39%
	PEP	F	0.39%
	MCD	D	0.38%
	NOW	A	0.38%
	PM	B	0.37%
	ABT	B	0.37%
	DIS	B	0.37%
	ISRG	A	0.35%
	GE	D	0.35%
	IBM	C	0.35%
	TMO	F	0.35%
	CAT	B	0.34%
	GS	A	0.33%
	TXN	C	0.33%
	QCOM	F	0.33%
	INTU	B	0.32%
	VZ	C	0.32%
	CMCSA	B	0.3%
	T	A	0.3%
	MS	A	0.3%
	BKNG	A	0.3%
	SPGI	C	0.29%
	RTX	D	0.29%
	NEE	C	0.29%
	AXP	A	0.29%
	BLK	B	0.28%
	LOW	C	0.27%
	HON	C	0.27%
	DHR	F	0.27%
	PGR	A	0.27%
	AMGN	F	0.27%
	UBER	F	0.26%
	UNP	C	0.26%
	PFE	F	0.26%
	ETN	A	0.26%
	TJX	A	0.25%
	AMAT	F	0.25%
	COP	C	0.24%
	BX	A	0.24%
	BSX	A	0.24%
	SYK	B	0.23%
	PLTR	B	0.23%
	PANW	B	0.23%
	C	A	0.23%
	LMT	D	0.23%
	BMY	B	0.22%
	SCHW	B	0.22%
	ADP	A	0.22%
	FI	A	0.22%
	TMUS	B	0.21%
	CB	C	0.21%
	VRTX	D	0.21%
	MU	D	0.2%
	MMC	B	0.2%
	MDT	D	0.2%
	GILD	C	0.2%
	SBUX	A	0.2%
	KKR	A	0.19%
	INTC	C	0.19%
	ADI	D	0.19%
	PLD	F	0.19%
	SO	C	0.18%
	UPS	C	0.18%
	DE	B	0.18%
	LRCX	F	0.17%
	ANET	C	0.17%
	ELV	F	0.17%
	TT	A	0.17%
	GEV	B	0.17%
	AMT	C	0.17%
	MO	A	0.17%
	MDLZ	F	0.16%
	BA	F	0.16%
	PYPL	B	0.16%
	EQIX	A	0.16%
	SHW	B	0.16%
	NKE	F	0.16%
	DUK	C	0.16%
	WM	B	0.16%
	PH	A	0.16%
	CI	D	0.16%
	MELI	C	0.16%
	ICE	C	0.16%
	ZTS	D	0.15%
	MCK	A	0.15%
	CMG	B	0.15%
	CRWD	B	0.15%
	MSI	B	0.15%
	PNC	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	KLAC	F	0.15%
	CME	B	0.15%
	WELL	A	0.15%
	APH	A	0.15%
	EMR	B	0.14%
	AON	A	0.14%
	CTAS	B	0.14%
	USB	A	0.14%
	CL	D	0.14%
	EOG	A	0.14%
	MRVL	B	0.14%
	REGN	F	0.14%
	ITW	B	0.14%
	MSTR	B	0.14%
	APO	B	0.13%
	TDG	D	0.13%
	ORLY	B	0.13%
	CVS	D	0.13%
	MMM	D	0.13%
	NOC	D	0.13%
	TGT	F	0.13%
	APD	A	0.13%
	CEG	C	0.13%
	MCO	B	0.13%
	FCX	F	0.12%
	GD	D	0.12%
	BDX	F	0.12%
	COIN	C	0.12%
	ADSK	A	0.12%
	FDX	B	0.12%
	SPOT	B	0.12%
	MAR	A	0.12%
	CSX	C	0.12%
	COF	C	0.12%
	NSC	B	0.11%
	ROP	B	0.11%
	TRV	B	0.11%
	SRE	A	0.11%
	HLT	A	0.11%
	SLB	C	0.11%
	DLR	B	0.11%
	ECL	D	0.11%
	GM	C	0.11%
	TFC	A	0.11%
	HCA	F	0.11%
	CARR	C	0.11%
	RCL	A	0.1%
	PSA	C	0.1%
	AZO	C	0.1%
	MPC	D	0.1%
	TTD	B	0.1%
	URI	C	0.1%
	WDAY	B	0.1%
	PSX	C	0.1%
	FICO	B	0.1%
	JCI	B	0.1%
	ABNB	C	0.1%
	FTNT	C	0.1%
	DASH	B	0.1%
	BK	A	0.1%
	PCAR	B	0.1%
	FLUT	A	0.09%
	FIS	C	0.09%
	HWM	A	0.09%
	VRT	B	0.09%
	CPRT	B	0.09%
	AIG	B	0.09%
	D	C	0.09%
	MET	A	0.09%
	NEM	D	0.09%
	O	C	0.09%
	SQ	A	0.09%
	AEP	C	0.09%
	ALL	A	0.09%
	IR	B	0.08%
	SNOW	B	0.08%
	DAL	B	0.08%
	EW	C	0.08%
	F	C	0.08%
	RSG	A	0.08%
	AXON	A	0.08%
	PRU	A	0.08%
	CCI	C	0.08%
	MSCI	C	0.08%
	KMB	C	0.08%
	VLO	C	0.08%
	LHX	C	0.08%
	MLM	C	0.07%
	VMC	B	0.07%
	YUM	D	0.07%
	MNST	C	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	TEAM	A	0.07%
	EA	A	0.07%
	ODFL	C	0.07%
	VRSK	A	0.07%
	DDOG	A	0.07%
	OTIS	C	0.07%
	HES	B	0.07%
	DELL	B	0.07%
	RJF	A	0.06%
	TTWO	A	0.06%
	DOW	F	0.06%
	DD	C	0.06%
	UAL	A	0.06%
	ARES	A	0.06%
	WTW	B	0.06%
	ROK	C	0.06%
	LULU	C	0.06%
	NDAQ	A	0.06%
	HUBS	A	0.06%
	KDP	F	0.06%
	HUM	C	0.06%
	IDXX	F	0.06%
	WAB	B	0.06%
	EXR	C	0.06%
	OXY	D	0.06%
	CPAY	A	0.05%
	EQT	B	0.05%
	GDDY	A	0.05%
	CCL	A	0.05%
	TROW	B	0.05%
	VTR	B	0.05%
	RBLX	C	0.05%
	FTV	C	0.05%
	BR	A	0.05%
	CPNG	D	0.05%
	AWK	C	0.05%
	SW	A	0.05%
	DOV	A	0.05%
	CVNA	B	0.05%
	PPG	F	0.05%
	STT	B	0.05%
	NET	B	0.05%
	GPN	B	0.05%
	XYL	D	0.05%
	CSGP	D	0.05%
	DXCM	C	0.05%
	ALNY	D	0.05%
	EFX	F	0.05%
	EBAY	D	0.05%
	STX	C	0.04%
	IBKR	A	0.04%
	LUV	C	0.04%
	INVH	D	0.04%
	ZBRA	B	0.04%
	LYV	A	0.04%
	LII	A	0.04%
	ZM	C	0.04%
	CNP	A	0.04%
	DKNG	B	0.04%
	MDB	B	0.04%
	WAT	C	0.04%
	MKL	A	0.04%
	WBD	B	0.04%
	ES	C	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	ILMN	C	0.04%
	EXPE	B	0.04%
	WDC	D	0.04%
	PTC	B	0.04%
	ZBH	C	0.04%
	CINF	A	0.04%
	VLTO	C	0.04%
	SBAC	D	0.04%
	LPLA	A	0.04%
	KHC	F	0.04%
	MTD	F	0.04%
	SAIA	B	0.03%
	DT	D	0.03%
	APTV	F	0.03%
	UDR	B	0.03%
	EL	F	0.03%
	FFIV	B	0.03%
	CW	C	0.03%
	AMCR	C	0.03%
	SMCI	F	0.03%
	SFM	A	0.03%
	JBHT	C	0.03%
	EWBC	A	0.03%
	ACM	B	0.03%
	AFRM	A	0.03%
	ROL	B	0.03%
	TWLO	A	0.03%
	EQH	C	0.03%
	FLEX	B	0.03%
	DOC	C	0.03%
	ENTG	D	0.03%
	VRSN	C	0.03%
	GWRE	A	0.03%
	PSTG	D	0.03%
	DPZ	C	0.03%
	TW	A	0.03%
	ALGN	D	0.03%
	ULTA	F	0.03%
	SUI	C	0.03%
	HEI	A	0.03%
	DOCU	B	0.03%
	TOST	B	0.03%
	ARE	F	0.03%
	J	D	0.03%
	GPC	D	0.03%
	BAX	F	0.03%
	DG	F	0.03%
	XPO	B	0.03%
	NTNX	B	0.03%
	TRMB	B	0.03%
	FIX	A	0.03%
	LVS	B	0.03%
	PNR	A	0.03%
	HOOD	B	0.03%
	BURL	B	0.03%
	YUMC	C	0.03%
	PINS	F	0.03%
	BALL	F	0.03%
	WRB	A	0.03%
	WSO	A	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	TRU	D	0.03%
	FSLR	F	0.03%
	ZS	B	0.03%
	NTRA	A	0.03%
	SKX	D	0.02%
	RL	C	0.02%
	CFR	B	0.02%
	GPK	C	0.02%
	TTC	C	0.02%
	PLNT	A	0.02%
	PCTY	C	0.02%
	WYNN	C	0.02%
	CNH	C	0.02%
	CBSH	B	0.02%
	HQY	A	0.02%
	AXTA	B	0.02%
	GLOB	B	0.02%
	RVMD	C	0.02%
	WMS	F	0.02%
	MORN	B	0.02%
	PEN	B	0.02%
	BILL	A	0.02%
	TPX	B	0.02%
	KNX	C	0.02%
	FLR	B	0.02%
	CRS	B	0.02%
	MTZ	B	0.02%
	FN	C	0.02%
	SCCO	F	0.02%
	DCI	B	0.02%
	WCC	B	0.02%
	SOLV	D	0.02%
	TKO	A	0.02%
	PNFP	B	0.02%
	LKQ	F	0.02%
	AAL	B	0.02%
	GMED	A	0.02%
	CRL	D	0.02%
	SRPT	F	0.02%
	HLI	A	0.02%
	ARMK	B	0.02%
	CHDN	B	0.02%
	WAL	B	0.02%
	EXAS	D	0.02%
	LAD	A	0.02%
	AES	F	0.02%
	GL	C	0.02%
	MKTX	D	0.02%
	MUSA	B	0.02%
	WING	D	0.02%
	RDDT	A	0.02%
	FOXA	A	0.02%
	PCVX	D	0.02%
	WBS	A	0.02%
	MLI	B	0.02%
	AIT	B	0.02%
	WWD	C	0.02%
	IOT	A	0.02%
	BLD	D	0.02%
	ERIE	D	0.02%
	FND	D	0.02%
	KNSL	B	0.02%
	FHN	A	0.02%
	GME	C	0.02%
	CTLT	C	0.02%
	WTRG	B	0.02%
	EVR	B	0.02%
	CCK	D	0.02%
	GNRC	C	0.02%
	LW	C	0.02%
	TTEK	F	0.02%
	SNAP	D	0.02%
	NWSA	A	0.02%
	NCLH	B	0.02%
	CG	B	0.02%
	DAY	B	0.02%
	SF	B	0.02%
	BJ	A	0.02%
	HEI	A	0.02%
	AIZ	A	0.02%
	RRX	B	0.02%
	BXP	C	0.02%
	KMX	B	0.02%
	BMRN	F	0.02%
	AA	A	0.02%
	Z	A	0.02%
	INSM	C	0.02%
	DUOL	A	0.02%
	OKTA	C	0.02%
	BWXT	B	0.02%
	ALLE	C	0.02%
	FTI	A	0.02%
	MRNA	F	0.02%
	EPAM	B	0.02%
	ALB	B	0.02%
	JKHY	D	0.02%
	CHRW	B	0.02%
	ELS	C	0.02%
	OWL	A	0.02%
	AVTR	F	0.02%
	DLTR	F	0.02%
	COHR	B	0.02%
	SWK	D	0.02%
	RNR	C	0.02%
	SOFI	B	0.02%
	AMKR	D	0.01%
	TNET	F	0.01%
	HESM	B	0.01%
	CACC	D	0.01%
	SATS	D	0.01%
	COLM	C	0.01%
	CRVL	B	0.01%
	NUVL	C	0.01%
	NWS	A	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	A	0.01%
	IAC	F	0.01%
	DDS	B	0.01%
	LANC	C	0.01%
	PII	F	0.01%
	MDU	D	0.01%
	ASGN	F	0.01%
	OPCH	D	0.01%
	OGN	F	0.01%
	W	D	0.01%
	ZETA	D	0.01%
	ENLC	A	0.01%
	SIG	B	0.01%
	STEP	C	0.01%
	ROIV	C	0.01%
	CELH	F	0.01%
	NSIT	F	0.01%
	CHH	A	0.01%
	WMG	D	0.01%
	CIVI	D	0.01%
	GAP	C	0.01%
	EEFT	B	0.01%
	APPF	B	0.01%
	PSN	D	0.01%
	CHWY	B	0.01%
	SWX	B	0.01%
	MGY	A	0.01%
	TENB	C	0.01%
	FIVE	F	0.01%
	MUR	D	0.01%
	ST	F	0.01%
	IONS	F	0.01%
	EXPO	D	0.01%
	RH	C	0.01%
	VKTX	F	0.01%
	MMS	F	0.01%
	SN	D	0.01%
	IBP	D	0.01%
	PATH	C	0.01%
	FFIN	B	0.01%
	AL	B	0.01%
	SEE	C	0.01%
	ABG	C	0.01%
	HCP	B	0.01%
	SM	B	0.01%
	INSP	D	0.01%
	QLYS	B	0.01%
	OZK	B	0.01%
	GATX	A	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	LEA	F	0.01%
	AMG	B	0.01%
	LNTH	D	0.01%
	BROS	A	0.01%
	UBSI	B	0.01%
	SIRI	C	0.01%
	EDR	A	0.01%
	PVH	C	0.01%
	TPG	A	0.01%
	FOX	A	0.01%
	HALO	F	0.01%
	ETSY	D	0.01%
	IVZ	B	0.01%
	RMBS	B	0.01%
	WTS	B	0.01%
	VNT	C	0.01%
	JHG	B	0.01%
	FOUR	A	0.01%
	PCOR	B	0.01%
	SUM	B	0.01%
	AGCO	D	0.01%
	LNC	C	0.01%
	AUR	C	0.01%
	THG	A	0.01%
	ALTR	B	0.01%
	ESNT	F	0.01%
	CHX	C	0.01%
	U	C	0.01%
	WFRD	D	0.01%
	SIGI	C	0.01%
	BPMC	B	0.01%
	LFUS	D	0.01%
	NOVT	D	0.01%
	LYFT	C	0.01%
	WHR	B	0.01%
	WBA	F	0.01%
	PARA	C	0.01%
	UHAL	D	0.01%
	SITE	F	0.01%
	ARW	D	0.01%
	GBCI	B	0.01%
	BBWI	C	0.01%
	MSA	F	0.01%
	MAT	D	0.01%
	DBX	B	0.01%
	COLD	D	0.01%
	NOV	C	0.01%
	CFLT	B	0.01%
	BFAM	D	0.01%
	MTN	C	0.01%
	DOCS	C	0.01%
	VNO	C	0.01%
	MTH	D	0.01%
	BIO	C	0.01%
	SPSC	D	0.01%
	MTDR	B	0.01%
	ONB	C	0.01%
	WSC	F	0.01%
	H	B	0.01%
	RHP	B	0.01%
	FAF	A	0.01%
	ELF	C	0.01%
	DAR	C	0.01%
	MOD	A	0.01%
	RGEN	D	0.01%
	LSCC	D	0.01%
	AZEK	A	0.01%
	LNW	F	0.01%
	ALV	C	0.01%
	AGNC	C	0.01%
	HLNE	B	0.01%
	BEN	C	0.01%
	FCN	F	0.01%
	EXLS	B	0.01%
	ALK	B	0.01%
	CGNX	D	0.01%
	VMI	B	0.01%
	RYAN	A	0.01%
	MTSI	B	0.01%
	ANF	F	0.01%
	RIVN	F	0.01%
	GXO	B	0.01%
	MKSI	C	0.01%
	ESAB	C	0.01%
	CMC	B	0.01%
	TMHC	C	0.01%
	RLI	A	0.01%
	OSK	C	0.01%
	GTLS	A	0.01%
	WEX	D	0.01%
	S	B	0.01%
	MHK	D	0.01%
	ATI	C	0.01%
	APG	B	0.01%
	VFC	C	0.01%
	MTCH	D	0.01%
	CRBG	B	0.01%
	OLED	F	0.01%
	CVLT	B	0.01%
	WH	B	0.01%
	G	B	0.01%
	MIDD	C	0.01%
	ESTC	C	0.01%
	MASI	B	0.01%
	JXN	C	0.01%
	TREX	C	0.01%
	GTLB	B	0.01%
	SMAR	B	0.01%
	BSY	F	0.01%
	KEX	B	0.01%
	ITCI	C	0.01%
	HII	F	0.01%
	UFPI	C	0.01%
	GKOS	B	0.01%
	KBR	F	0.01%
	SSD	F	0.01%
	BERY	C	0.01%
	ADC	A	0.01%
	CZR	F	0.01%
	VOYA	B	0.01%
	SNV	C	0.01%
	ENSG	C	0.01%
	CHRD	D	0.01%
	ONTO	F	0.01%
	FLS	B	0.01%
	SSB	B	0.01%
	ENPH	F	0.01%
	HAS	D	0.01%
	SEIC	B	0.01%
	NYT	D	0.01%
	WTFC	A	0.01%
	AAON	B	0.01%
	UWMC	D	0.0%
	UHAL	D	0.0%
	BLCO	B	0.0%
	BIRK	D	0.0%
	DJT	C	0.0%
	INFA	D	0.0%
	LBRDA	C	0.0%
	IMVT	F	0.0%
	LEVI	F	0.0%
	RKT	F	0.0%
	CLVT	D	0.0%
	LCID	F	0.0%
	IGT	F	0.0%
	SMMT	D	0.0%
	RCM	A	0.0%
	KNTK	A	0.0%
	CPRI	F	0.0%
	BBIO	F	0.0%
	COTY	F	0.0%
	AGR	A	0.0%
	STNG	F	0.0%
	BOKF	B	0.0%

GUSA Underweight 32 Positions Relative to JPME

	Symbol	Grade	Weight
	LITE	B	-0.4%
	SPB	C	-0.37%
	MTG	C	-0.37%
	EPR	C	-0.33%
	PK	C	-0.33%
	HIW	C	-0.3%
	NEU	D	-0.3%
	SAM	C	-0.28%
	R	B	-0.27%
	FRPT	A	-0.27%
	SMG	C	-0.25%
	UI	B	-0.25%
	IRDM	D	-0.24%
	AGO	B	-0.24%
	SLM	A	-0.17%
	CUZ	B	-0.15%
	AVT	C	-0.14%
	PINC	B	-0.14%
	WEN	D	-0.13%
	WTM	A	-0.13%
	CXT	C	-0.1%
	TNL	A	-0.07%
	FNB	A	-0.07%
	CNXC	F	-0.06%
	GO	C	-0.06%
	NVST	B	-0.05%
	WU	F	-0.04%
	CRI	F	-0.04%
	VIRT	A	-0.04%
	FTRE	D	-0.03%
	KSS	F	-0.01%
	CC	C	-0.0%

GUSA: Top Represented Industries & Keywords

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

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

JPME: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Banks - Regional - US Oil & Gas E&P Biotechnology Diagnostics & Research Diversified Industrials Specialty Chemicals Medical Instruments & Supplies REIT - Retail Software - Application Communication Equipment Information Technology Services Medical Care Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Industrial REIT - Residential Semiconductors

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Electricity Insurance Electronics Nasdaq 100 Bank Computing Aerospace Chemical Banking Insurance Products Disability Mining Plastic Semiconductor Biotechnology Food Products Real Estate Market