GUSA vs. MGMT ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Ballast Small/Mid Cap ETF (MGMT)

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

$45.88

Average Daily Volume

1,001

Number of Holdings ^*

972

* may have additional holdings in another (foreign) market

MGMT

Ballast Small/Mid Cap ETF

MGMT Description

The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$36.55

Average Daily Volume

12,448

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	MGMT
30 Days	5.04%	2.62%
60 Days	3.18%	1.30%
90 Days	6.07%	2.22%
12 Months	28.19%	9.82%

11 Overlapping Holdings

Symbol	Grade	Weight in GUSA	Weight in MGMT	Overlap
ATKR	F	0.01%	1.88%	0.01%
BLCO	F	0.0%	1.71%	0.0%
BWA	C	0.02%	1.88%	0.02%
DOX	F	0.02%	1.78%	0.02%
EXP	D	0.02%	2.99%	0.02%
G	D	0.01%	0.88%	0.01%
IPGP	D	0.01%	1.51%	0.01%
LAMR	B	0.02%	0.04%	0.02%
LII	B	0.03%	2.06%	0.03%
LSTR	C	0.01%	2.41%	0.01%
TKR	C	0.01%	1.25%	0.01%

GUSA Overweight 961 Positions Relative to MGMT

Symbol	Grade	Weight
MSFT	B	6.3%
AAPL	C	5.7%
NVDA	C	4.39%
AMZN	C	3.56%
META	D	2.18%
GOOGL	A	2.11%
GOOG	A	1.76%
LLY	B	1.36%
AVGO	B	1.25%
JPM	A	1.19%
XOM	B	1.12%
BRK.A	B	1.1%
TSLA	D	0.99%
UNH	C	0.98%
V	B	0.92%
PG	A	0.82%
MA	D	0.8%
JNJ	D	0.75%
HD	D	0.73%
COST	B	0.72%
MRK	B	0.69%
ABBV	D	0.59%
CVX	B	0.59%
BAC	B	0.55%
WMT	A	0.54%
NFLX	B	0.54%
CRM	D	0.54%
AMD	D	0.51%
KO	B	0.51%
PEP	B	0.51%
WFC	C	0.46%
ADBE	F	0.46%
TMO	B	0.46%
LIN	D	0.44%
QCOM	B	0.42%
CSCO	F	0.41%
MCD	F	0.41%
ACN	F	0.4%
DIS	D	0.4%
ABT	F	0.38%
ORCL	C	0.38%
GE	C	0.38%
CAT	C	0.37%
INTU	B	0.36%
AMAT	B	0.36%
DHR	A	0.35%
AMGN	B	0.35%
VZ	C	0.35%
TXN	B	0.35%
PFE	D	0.33%
CMCSA	F	0.32%
PM	B	0.32%
NOW	C	0.31%
GS	A	0.31%
UNP	C	0.31%
NEE	B	0.31%
IBM	D	0.31%
COP	D	0.3%
AXP	A	0.29%
RTX	B	0.29%
ETN	C	0.28%
ISRG	B	0.28%
LOW	D	0.28%
SPGI	B	0.28%
UBER	D	0.28%
ELV	A	0.27%
BKNG	C	0.27%
MU	B	0.27%
HON	B	0.27%
T	B	0.26%
MS	B	0.26%
PGR	C	0.26%
INTC	F	0.26%
LRCX	D	0.25%
C	B	0.25%
TJX	B	0.24%
NKE	F	0.24%
BLK	B	0.24%
BSX	A	0.23%
MDT	B	0.23%
LMT	B	0.23%
CI	D	0.22%
ADI	B	0.22%
SCHW	B	0.22%
SYK	D	0.22%
DE	D	0.22%
UPS	D	0.22%
VRTX	B	0.22%
PLD	F	0.21%
REGN	B	0.21%
BA	D	0.21%
MMC	A	0.21%
ADP	B	0.21%
CB	A	0.21%
PANW	C	0.2%
MDLZ	C	0.2%
KLAC	B	0.2%
BMY	F	0.19%
TMUS	B	0.18%
SBUX	F	0.18%
SO	A	0.18%
WM	B	0.18%
BX	C	0.18%
AMT	C	0.18%
CMG	B	0.18%
DUK	A	0.17%
MO	A	0.17%
GILD	F	0.17%
SNPS	C	0.17%
APH	B	0.16%
ITW	D	0.16%
TGT	D	0.16%
TT	B	0.16%
SHW	D	0.16%
MELI	B	0.16%
EOG	C	0.16%
ICE	B	0.16%
CME	C	0.16%
CDNS	D	0.16%
ZTS	D	0.16%
CL	B	0.16%
ANET	B	0.15%
NOC	C	0.15%
CRWD	C	0.15%
PYPL	D	0.15%
CVS	F	0.15%
PH	D	0.15%
EQIX	D	0.15%
MCK	A	0.15%
FCX	A	0.15%
EMR	B	0.14%
MPC	D	0.14%
GD	A	0.14%
CSX	D	0.14%
BDX	F	0.14%
TDG	C	0.14%
CEG	C	0.14%
KKR	B	0.14%
SLB	F	0.14%
CTAS	B	0.13%
MSI	A	0.13%
ORLY	D	0.13%
USB	D	0.13%
PNC	B	0.13%
PSX	D	0.13%
HCA	C	0.13%
ABNB	D	0.13%
MCO	A	0.13%
ROP	C	0.12%
PCAR	D	0.12%
AON	F	0.12%
MRVL	C	0.12%
WELL	B	0.12%
ECL	A	0.12%
FDX	D	0.12%
MAR	D	0.12%
TRV	D	0.11%
WDAY	D	0.11%
NSC	D	0.11%
HLT	D	0.11%
AZO	D	0.11%
TFC	B	0.11%
CARR	B	0.11%
GM	B	0.11%
AJG	A	0.11%
EW	D	0.11%
VLO	D	0.11%
COF	C	0.11%
MMM	A	0.11%
AIG	A	0.11%
APD	C	0.11%
KMB	C	0.1%
URI	C	0.1%
OKE	B	0.1%
ADSK	F	0.1%
CPRT	D	0.1%
O	C	0.1%
F	D	0.1%
AEP	A	0.1%
SRE	A	0.1%
WMB	A	0.1%
SPG	C	0.1%
MCHP	B	0.1%
SNOW	D	0.1%
NEM	B	0.1%
DXCM	D	0.1%
IQV	D	0.09%
SPOT	C	0.09%
STZ	D	0.09%
IDXX	C	0.09%
CNC	B	0.09%
LHX	A	0.09%
PLTR	D	0.09%
NUE	D	0.09%
DOW	B	0.09%
FIS	A	0.09%
A	B	0.09%
PRU	A	0.09%
AMP	B	0.09%
CCI	D	0.09%
PSA	C	0.09%
MET	A	0.09%
BK	A	0.09%
D	A	0.09%
HES	C	0.09%
AFL	A	0.09%
DLR	C	0.09%
DHI	D	0.09%
JCI	B	0.09%
OXY	D	0.09%
ALL	C	0.09%
TEL	B	0.09%
ROST	D	0.09%
APO	B	0.09%
COIN	D	0.08%
PCG	A	0.08%
LNG	D	0.08%
PEG	B	0.08%
IR	C	0.08%
CSGP	D	0.08%
MLM	D	0.08%
KMI	A	0.08%
MSCI	F	0.08%
GWW	D	0.08%
SYY	D	0.08%
EXC	C	0.08%
FAST	D	0.08%
YUM	B	0.08%
PWR	C	0.08%
RSG	D	0.08%
LEN	B	0.08%
KR	D	0.08%
PAYX	B	0.08%
AME	D	0.08%
DELL	B	0.08%
LULU	F	0.08%
TTD	B	0.08%
OTIS	C	0.08%
GIS	C	0.08%
SMCI	D	0.08%
SQ	D	0.08%
CMI	D	0.08%
HUM	D	0.08%
CTVA	C	0.08%
MRNA	C	0.08%
RCL	B	0.07%
FICO	A	0.07%
RMD	B	0.07%
ADM	D	0.07%
PPG	F	0.07%
VST	B	0.07%
BIIB	D	0.07%
DVN	D	0.07%
BKR	D	0.07%
HWM	A	0.07%
MPWR	C	0.07%
IT	D	0.07%
HAL	D	0.07%
ED	B	0.07%
VRT	C	0.07%
DAL	B	0.07%
CTSH	F	0.07%
XYL	A	0.07%
EA	F	0.07%
FANG	C	0.07%
ODFL	F	0.07%
VRSK	A	0.07%
ACGL	A	0.07%
FTNT	D	0.07%
DASH	D	0.07%
KVUE	C	0.07%
VMC	D	0.07%
WTW	D	0.06%
GLW	A	0.06%
WEC	C	0.06%
WST	F	0.06%
CBRE	C	0.06%
FTV	D	0.06%
MTD	B	0.06%
TEAM	F	0.06%
MNST	F	0.06%
AVB	B	0.06%
KHC	D	0.06%
EL	F	0.06%
ANSS	D	0.06%
HUBS	D	0.06%
GPN	F	0.06%
EIX	A	0.06%
EFX	D	0.06%
HPQ	C	0.06%
HSY	C	0.06%
TSCO	A	0.06%
DD	A	0.06%
WAB	A	0.06%
VEEV	D	0.06%
HIG	A	0.06%
CDW	D	0.06%
VICI	C	0.06%
DDOG	D	0.06%
GEHC	D	0.06%
XEL	D	0.06%
EXR	C	0.06%
ON	D	0.06%
DG	D	0.06%
KDP	C	0.06%
DFS	C	0.06%
ROK	F	0.06%
ES	C	0.05%
BALL	B	0.05%
FE	B	0.05%
AXON	D	0.05%
HUBB	D	0.05%
HPE	C	0.05%
NTAP	B	0.05%
DECK	C	0.05%
STE	C	0.05%
BR	C	0.05%
APTV	D	0.05%
WY	F	0.05%
EQR	B	0.05%
STT	B	0.05%
NVR	D	0.05%
IRM	B	0.05%
WDC	C	0.05%
ETR	B	0.05%
RJF	B	0.05%
CAH	F	0.05%
DTE	A	0.05%
CPNG	B	0.05%
TTWO	D	0.05%
TROW	D	0.05%
MDB	D	0.05%
ARES	B	0.05%
PHM	B	0.05%
IFF	A	0.05%
TRGP	A	0.05%
DLTR	F	0.05%
PINS	B	0.05%
MTB	B	0.05%
CHTR	F	0.05%
ZBH	D	0.05%
DOV	B	0.05%
GRMN	A	0.05%
LYB	D	0.05%
EBAY	C	0.05%
CHD	B	0.05%
AWK	C	0.05%
KEYS	C	0.05%
FITB	B	0.05%
TSN	B	0.04%
EXPD	D	0.04%
IEX	D	0.04%
RS	D	0.04%
NRG	B	0.04%
SNAP	C	0.04%
UAL	C	0.04%
LVS	F	0.04%
LH	D	0.04%
J	F	0.04%
CLX	F	0.04%
GDDY	B	0.04%
ILMN	F	0.04%
HOLX	D	0.04%
NTRS	C	0.04%
STX	C	0.04%
DRI	F	0.04%
CE	D	0.04%
ATO	B	0.04%
EME	B	0.04%
WBD	F	0.04%
RF	B	0.04%
AVY	B	0.04%
BAX	F	0.04%
DPZ	C	0.04%
TDY	D	0.04%
CINF	C	0.04%
SYF	C	0.04%
ARE	C	0.04%
CMS	A	0.04%
OMC	B	0.04%
ALNY	D	0.04%
CNP	B	0.04%
MSTR	D	0.04%
MKC	C	0.04%
TER	B	0.04%
VTR	B	0.04%
WSM	C	0.04%
CBOE	C	0.04%
ENTG	D	0.04%
ULTA	F	0.04%
AEE	C	0.04%
PFG	B	0.04%
FSLR	C	0.04%
BAH	B	0.04%
WAT	B	0.04%
LPLA	C	0.04%
FCNCA	B	0.04%
STLD	D	0.04%
TYL	B	0.04%
INVH	B	0.04%
LDOS	A	0.04%
ALGN	F	0.04%
HBAN	B	0.04%
CSL	B	0.04%
MOH	F	0.04%
BRO	A	0.04%
BLDR	D	0.04%
DKNG	C	0.04%
NDAQ	B	0.04%
NET	F	0.04%
VLTO	B	0.04%
PTC	C	0.04%
CTRA	B	0.04%
SBAC	F	0.04%
PPL	A	0.04%
GPC	D	0.04%
MKL	A	0.04%
LW	F	0.03%
EMN	C	0.03%
IPG	D	0.03%
FLEX	C	0.03%
IBKR	A	0.03%
AMH	B	0.03%
UTHR	A	0.03%
DT	D	0.03%
FIX	C	0.03%
JKHY	C	0.03%
OVV	D	0.03%
CELH	C	0.03%
PODD	C	0.03%
WBA	F	0.03%
CASY	B	0.03%
BURL	D	0.03%
TECH	C	0.03%
KIM	C	0.03%
USFD	B	0.03%
ACM	D	0.03%
WPC	C	0.03%
FND	C	0.03%
EVRG	C	0.03%
EG	C	0.03%
THC	B	0.03%
HEI	B	0.03%
XPO	D	0.03%
NI	B	0.03%
BLD	D	0.03%
HST	D	0.03%
LNT	B	0.03%
LECO	D	0.03%
EQH	A	0.03%
TW	B	0.03%
TOL	B	0.03%
WRK	A	0.03%
MANH	D	0.03%
SWK	D	0.03%
RGA	A	0.03%
VTRS	D	0.03%
NVT	C	0.03%
NBIX	B	0.03%
FNF	B	0.03%
DOC	B	0.03%
IP	B	0.03%
PNR	B	0.03%
SSNC	B	0.03%
GGG	D	0.03%
JBHT	F	0.03%
ROL	C	0.03%
TRMB	D	0.03%
KEY	B	0.03%
CF	F	0.03%
AES	B	0.03%
POOL	D	0.03%
LYV	D	0.03%
TPL	C	0.03%
L	B	0.03%
RPM	C	0.03%
BBY	D	0.03%
YUMC	D	0.03%
SUI	F	0.03%
CCL	F	0.03%
RBLX	F	0.03%
SNA	D	0.03%
CAG	C	0.03%
SWKS	F	0.03%
JBL	F	0.03%
VRSN	F	0.03%
ENPH	D	0.03%
EXPE	F	0.03%
AMCR	C	0.03%
NDSN	C	0.03%
ZS	F	0.03%
TRU	C	0.03%
BMRN	F	0.03%
BG	C	0.03%
APP	C	0.03%
AKAM	F	0.03%
OC	C	0.03%
DGX	A	0.03%
ZM	D	0.03%
OKTA	D	0.03%
ALB	D	0.03%
MAS	D	0.03%
MRO	D	0.03%
MAA	C	0.03%
WSO	B	0.03%
K	C	0.03%
WRB	D	0.03%
PKG	C	0.03%
AVTR	D	0.03%
ZBRA	C	0.03%
LUV	F	0.03%
NTNX	B	0.03%
EQT	C	0.03%
PSTG	B	0.03%
ESS	B	0.03%
FDS	C	0.03%
CFG	A	0.03%
TXT	D	0.03%
PR	D	0.02%
UFPI	C	0.02%
MIDD	F	0.02%
DAR	D	0.02%
AGCO	F	0.02%
DUOL	F	0.02%
MTDR	D	0.02%
OGE	A	0.02%
RHI	F	0.02%
NYT	B	0.02%
VKTX	D	0.02%
ROKU	F	0.02%
LEA	F	0.02%
DVA	B	0.02%
CHRD	C	0.02%
AIT	B	0.02%
NOV	D	0.02%
FCN	B	0.02%
MTN	F	0.02%
SSD	F	0.02%
ETSY	F	0.02%
OHI	C	0.02%
PATH	D	0.02%
MKTX	D	0.02%
WSC	F	0.02%
FRT	C	0.02%
OLED	C	0.02%
BEN	F	0.02%
KNX	F	0.02%
PEN	F	0.02%
MORN	D	0.02%
CZR	F	0.02%
NNN	B	0.02%
PRI	D	0.02%
OSK	D	0.02%
VOYA	B	0.02%
IOT	B	0.02%
BRBR	D	0.02%
EGP	F	0.02%
WBS	D	0.02%
HAS	C	0.02%
WCC	C	0.02%
FIVE	F	0.02%
FOXA	C	0.02%
FN	B	0.02%
MUSA	B	0.02%
SWN	B	0.02%
INGR	B	0.02%
ARMK	B	0.02%
AXTA	C	0.02%
CGNX	C	0.02%
MKSI	C	0.02%
ORI	A	0.02%
CLF	F	0.02%
BWXT	D	0.02%
GNTX	D	0.02%
GL	F	0.02%
SF	B	0.02%
GNRC	C	0.02%
RGLD	A	0.02%
JEF	A	0.02%
CROX	C	0.02%
MTCH	F	0.02%
WEX	F	0.02%
LNW	D	0.02%
AYI	C	0.02%
FMC	C	0.02%
CHE	F	0.02%
KNSL	F	0.02%
ELAN	B	0.02%
HOOD	C	0.02%
AFRM	D	0.02%
GPK	C	0.02%
EHC	C	0.02%
RGEN	D	0.02%
X	F	0.02%
ACI	D	0.02%
OWL	B	0.02%
ESTC	C	0.02%
GMED	B	0.02%
CPB	C	0.02%
DINO	D	0.02%
HEI	B	0.02%
FHN	B	0.02%
PNW	B	0.02%
RRC	B	0.02%
TPX	C	0.02%
DAY	D	0.02%
BXP	C	0.02%
WFRD	C	0.02%
PAYC	F	0.02%
KBR	C	0.02%
SNX	A	0.02%
GWRE	B	0.02%
DCI	C	0.02%
SKX	B	0.02%
UHS	B	0.02%
JLL	B	0.02%
ELF	D	0.02%
TPR	D	0.02%
CG	D	0.02%
TTC	D	0.02%
ALV	B	0.02%
AIZ	D	0.02%
MEDP	D	0.02%
AFG	B	0.02%
AAL	C	0.02%
CHRW	C	0.02%
QRVO	F	0.02%
WYNN	D	0.02%
CACI	B	0.02%
NWSA	C	0.02%
CUBE	C	0.02%
CHDN	C	0.02%
AR	A	0.02%
MOS	F	0.02%
LSCC	F	0.02%
HSIC	C	0.02%
TFX	D	0.02%
EXAS	F	0.02%
REXR	F	0.02%
ATR	C	0.02%
HII	D	0.02%
REG	C	0.02%
QGEN	B	0.02%
FFIV	D	0.02%
INCY	D	0.02%
CCK	C	0.02%
CTLT	D	0.02%
SCCO	A	0.02%
ONTO	C	0.02%
MGM	F	0.02%
TREX	D	0.02%
UNM	B	0.02%
SCI	D	0.02%
TOST	B	0.02%
EPAM	F	0.02%
HRL	C	0.02%
TAP	F	0.02%
BJ	B	0.02%
AOS	D	0.02%
ERIE	C	0.02%
NTRA	B	0.02%
CHK	B	0.02%
RPRX	F	0.02%
WTRG	C	0.02%
CW	B	0.02%
RRX	D	0.02%
WWD	A	0.02%
TWLO	D	0.02%
CLH	B	0.02%
ALLY	B	0.02%
PFGC	C	0.02%
EWBC	B	0.02%
SAIA	F	0.02%
JNPR	D	0.02%
APA	F	0.02%
ALLE	D	0.02%
BBWI	B	0.02%
TXRH	B	0.02%
DKS	D	0.02%
TTEK	A	0.02%
ELS	D	0.02%
KMX	F	0.02%
LKQ	F	0.02%
ITT	A	0.02%
GLPI	C	0.02%
CPT	B	0.02%
DOCU	C	0.02%
WMS	C	0.02%
CRL	D	0.02%
SRPT	C	0.02%
SJM	F	0.02%
WING	C	0.02%
RNR	C	0.02%
CVNA	C	0.02%
FTI	C	0.02%
BSY	A	0.02%
UDR	C	0.02%
SWAV	B	0.02%
FRSH	F	0.01%
ADTN	D	0.01%
TXG	F	0.01%
AGR	D	0.01%
NSA	C	0.01%
SAM	F	0.01%
BROS	B	0.01%
NWS	C	0.01%
HESM	B	0.01%
CNXC	D	0.01%
DNB	C	0.01%
PAG	C	0.01%
COLM	B	0.01%
DOCS	D	0.01%
SEDG	F	0.01%
BBIO	D	0.01%
PSN	D	0.01%
CERE	D	0.01%
ZI	F	0.01%
TNET	F	0.01%
NVST	F	0.01%
WEN	F	0.01%
VLY	D	0.01%
ENLC	B	0.01%
DDS	C	0.01%
SN	A	0.01%
TPG	D	0.01%
DXC	F	0.01%
AMKR	C	0.01%
SYNA	D	0.01%
STNG	A	0.01%
RYN	F	0.01%
CHH	F	0.01%
MAN	C	0.01%
FOUR	D	0.01%
SLGN	C	0.01%
BYD	F	0.01%
FIVN	F	0.01%
NSP	F	0.01%
FFIN	B	0.01%
LANC	D	0.01%
IAC	C	0.01%
GFS	D	0.01%
KRC	C	0.01%
SLAB	D	0.01%
FOX	C	0.01%
COTY	F	0.01%
HCP	C	0.01%
SIG	C	0.01%
WMG	F	0.01%
HUN	C	0.01%
CACC	F	0.01%
CPRI	F	0.01%
MSM	F	0.01%
PRGO	F	0.01%
GBCI	C	0.01%
SWX	A	0.01%
HOG	D	0.01%
APLS	F	0.01%
SRCL	F	0.01%
RH	D	0.01%
AN	C	0.01%
JHG	B	0.01%
RIG	D	0.01%
ASGN	C	0.01%
AAP	D	0.01%
APPF	C	0.01%
WU	D	0.01%
UBSI	C	0.01%
GPS	D	0.01%
GATX	A	0.01%
PII	F	0.01%
ABG	C	0.01%
VFC	F	0.01%
EXPO	C	0.01%
FLO	C	0.01%
ALTR	B	0.01%
M	D	0.01%
MGY	C	0.01%
GME	D	0.01%
THG	A	0.01%
SUM	D	0.01%
AAON	D	0.01%
AM	A	0.01%
DLB	C	0.01%
MDU	B	0.01%
IDA	C	0.01%
EXLS	C	0.01%
LNC	C	0.01%
COKE	C	0.01%
NFG	B	0.01%
IVZ	C	0.01%
EEFT	C	0.01%
ASH	A	0.01%
INSP	F	0.01%
VMI	C	0.01%
MMS	B	0.01%
AMG	D	0.01%
LNTH	C	0.01%
WLK	B	0.01%
WHR	F	0.01%
OPCH	F	0.01%
TENB	F	0.01%
SMAR	C	0.01%
OZK	C	0.01%
AL	C	0.01%
RYAN	B	0.01%
PBF	D	0.01%
POST	B	0.01%
UGI	C	0.01%
OGN	B	0.01%
THO	F	0.01%
ONB	B	0.01%
SEE	C	0.01%
AXS	A	0.01%
S	D	0.01%
QLYS	F	0.01%
VVV	D	0.01%
HALO	B	0.01%
BIO	F	0.01%
MTSI	C	0.01%
FAF	D	0.01%
MASI	D	0.01%
IONS	F	0.01%
AIRC	A	0.01%
PCOR	D	0.01%
IBP	D	0.01%
ALK	C	0.01%
FYBR	B	0.01%
PLNT	C	0.01%
GTLB	D	0.01%
NXST	C	0.01%
LPX	B	0.01%
WTS	B	0.01%
SON	B	0.01%
WH	F	0.01%
NOVT	D	0.01%
SNV	B	0.01%
PB	C	0.01%
BILL	F	0.01%
BC	F	0.01%
ITCI	D	0.01%
SM	D	0.01%
ESNT	C	0.01%
ADC	C	0.01%
SIGI	F	0.01%
EXEL	F	0.01%
STWD	B	0.01%
RLI	A	0.01%
XRAY	F	0.01%
LBRDK	D	0.01%
DBX	D	0.01%
U	F	0.01%
OMF	C	0.01%
RMBS	F	0.01%
SSB	C	0.01%
LYFT	D	0.01%
WTFC	B	0.01%
ESAB	C	0.01%
HXL	C	0.01%
RHP	D	0.01%
CNM	B	0.01%
GXO	D	0.01%
VNT	D	0.01%
PNFP	C	0.01%
MHK	C	0.01%
LFUS	C	0.01%
CFR	D	0.01%
BPOP	B	0.01%
ACHC	F	0.01%
FR	F	0.01%
ENSG	D	0.01%
DTM	A	0.01%
CIVI	C	0.01%
PARA	D	0.01%
STAG	C	0.01%
MAT	F	0.01%
HQY	D	0.01%
ZION	B	0.01%
AZEK	D	0.01%
ST	C	0.01%
FLS	B	0.01%
COLD	D	0.01%
GTLS	C	0.01%
MUR	D	0.01%
MTH	B	0.01%
BFAM	D	0.01%
APG	D	0.01%
CHX	D	0.01%
H	D	0.01%
CYTK	F	0.01%
FLR	D	0.01%
SOFI	F	0.01%
Z	F	0.01%
AA	B	0.01%
RL	D	0.01%
ALSN	D	0.01%
AGNC	A	0.01%
CMC	B	0.01%
W	C	0.01%
PVH	D	0.01%
MTZ	C	0.01%
BRX	C	0.01%
OLN	C	0.01%
UHAL	C	0.01%
NCLH	F	0.01%
PCVX	C	0.01%
ARW	C	0.01%
CBSH	B	0.01%
HRB	B	0.01%
HLI	C	0.01%
JAZZ	F	0.01%
EVR	A	0.01%
SEIC	D	0.01%
RIVN	D	0.01%
BERY	D	0.01%
WAL	C	0.01%
CFLT	C	0.01%
BRKR	D	0.01%
SITE	F	0.01%
CMA	B	0.01%
MSA	B	0.01%
CIEN	C	0.01%
SAIC	C	0.01%
RBC	A	0.01%
SPSC	C	0.01%
CRBG	C	0.01%
LAD	F	0.01%
COHR	D	0.01%
PCTY	C	0.01%
GLOB	F	0.01%
UHAL	C	0.0%
UWMC	C	0.0%
TFSL	C	0.0%
CWEN	C	0.0%
LBRDA	D	0.0%
CNA	B	0.0%
LEN	B	0.0%
DLO	F	0.0%
BIRK	C	0.0%
INFA	D	0.0%
PPC	C	0.0%
REYN	B	0.0%
ALGM	D	0.0%
IMVT	D	0.0%
RKT	C	0.0%
JOBY	F	0.0%
RCM	F	0.0%
SIRI	F	0.0%
CAR	D	0.0%
ZG	F	0.0%
IGT	F	0.0%
CLVT	F	0.0%
DV	F	0.0%
BOKF	B	0.0%
CWEN	C	0.0%
IPAR	F	0.0%
LEVI	C	0.0%
CHWY	F	0.0%
LCID	D	0.0%
NFE	F	0.0%
EDR	A	0.0%
CRVL	A	0.0%

GUSA Underweight 34 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	C	-5.13%
AGM	D	-3.64%
AZZ	C	-3.29%
PHIN	B	-3.28%
CVCO	D	-3.22%
MTG	C	-2.98%
CEIX	D	-2.81%
CASS	D	-2.75%
TDC	F	-2.6%
SOI	C	-2.42%
BELFB	C	-2.38%
IGIC	B	-2.23%
GEO	D	-2.23%
CBNK	D	-2.21%
BIOX	F	-2.04%
GPRE	F	-1.98%
SFM	A	-1.95%
IMXI	D	-1.89%
TRIP	F	-1.86%
EPR	C	-1.72%
CRMT	D	-1.69%
GSM	C	-1.69%
KOS	D	-1.66%
NTIC	C	-1.65%
PATK	D	-1.51%
UFPT	B	-1.44%
ECVT	D	-1.43%
KN	C	-1.4%
RCMT	D	-1.39%
RMNI	F	-1.28%
EPSN	C	-1.15%
IRMD	D	-0.92%
CMP	F	-0.83%
EXTR	D	-0.77%