GUSA vs. RECS ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Columbia Research Enhanced Core ETF (RECS)

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

$51.92

Average Daily Volume

6,960

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.53

Average Daily Volume

386,011

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	RECS
30 Days	2.49%	2.07%
60 Days	5.23%	5.49%
90 Days	6.74%	6.76%
12 Months	32.92%	34.67%

338 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in RECS	Overlap
	AAPL	C	6.17%	7.95%	6.17%
	ABBV	F	0.54%	0.56%	0.54%
	ACI	C	0.01%	0.04%	0.01%
	ACM	B	0.03%	0.06%	0.03%
	ADBE	C	0.4%	0.52%	0.4%
	ADM	D	0.05%	0.12%	0.05%
	ADP	A	0.22%	0.53%	0.22%
	ADTN	A	0.01%	0.01%	0.01%
	AEE	A	0.04%	0.18%	0.04%
	AES	F	0.02%	0.07%	0.02%
	AIZ	A	0.02%	0.06%	0.02%
	ALL	A	0.09%	0.27%	0.09%
	ALNY	D	0.05%	0.06%	0.05%
	ALSN	B	0.02%	0.04%	0.02%
	AMG	B	0.01%	0.03%	0.01%
	AMGN	F	0.27%	0.32%	0.27%
	AMH	C	0.02%	0.06%	0.02%
	AMKR	D	0.01%	0.01%	0.01%
	AMT	C	0.17%	0.47%	0.17%
	AMZN	C	3.5%	4.75%	3.5%
	ANET	C	0.17%	0.25%	0.17%
	AOS	F	0.02%	0.04%	0.02%
	APG	B	0.01%	0.04%	0.01%
	APP	B	0.13%	0.18%	0.13%
	ARE	F	0.03%	0.1%	0.03%
	ARMK	B	0.02%	0.04%	0.02%
	ASH	F	0.01%	0.03%	0.01%
	AVTR	F	0.02%	0.09%	0.02%
	AXS	A	0.01%	0.04%	0.01%
	AYI	B	0.02%	0.04%	0.02%
	BAC	A	0.57%	1.66%	0.57%
	BAX	F	0.03%	0.11%	0.03%
	BDX	F	0.12%	0.43%	0.12%
	BEN	C	0.01%	0.03%	0.01%
	BG	D	0.02%	0.06%	0.02%
	BIIB	F	0.04%	0.04%	0.04%
	BILL	A	0.02%	0.02%	0.02%
	BK	A	0.1%	0.3%	0.1%
	BKNG	A	0.3%	0.6%	0.3%
	BLD	D	0.02%	0.04%	0.02%
	BLDR	D	0.04%	0.1%	0.04%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	B	0.22%	0.75%	0.22%
	BR	A	0.05%	0.11%	0.05%
	BRBR	A	0.02%	0.05%	0.02%
	BRX	A	0.02%	0.04%	0.02%
	BURL	B	0.03%	0.06%	0.03%
	C	A	0.23%	0.71%	0.23%
	CACI	D	0.02%	0.06%	0.02%
	CAG	F	0.02%	0.06%	0.02%
	CAH	B	0.05%	0.19%	0.05%
	CAT	B	0.34%	0.83%	0.34%
	CBOE	C	0.04%	0.11%	0.04%
	CCL	A	0.05%	0.09%	0.05%
	CE	F	0.01%	0.06%	0.01%
	CF	A	0.03%	0.12%	0.03%
	CI	D	0.16%	0.6%	0.16%
	CIEN	C	0.02%	0.02%	0.02%
	CIVI	D	0.01%	0.02%	0.01%
	CL	D	0.14%	0.36%	0.14%
	CLF	F	0.01%	0.04%	0.01%
	CME	B	0.15%	0.43%	0.15%
	CMI	A	0.09%	0.21%	0.09%
	CNA	C	0.0%	0.01%	0.0%
	CNC	D	0.06%	0.2%	0.06%
	CNM	D	0.01%	0.03%	0.01%
	COKE	C	0.01%	0.03%	0.01%
	COLM	C	0.01%	0.01%	0.01%
	COR	B	0.08%	0.26%	0.08%
	CRBG	B	0.01%	0.04%	0.01%
	CRM	B	0.55%	0.76%	0.55%
	CROX	D	0.01%	0.02%	0.01%
	CRUS	D	0.01%	0.01%	0.01%
	CRWD	B	0.15%	0.19%	0.15%
	CSCO	B	0.42%	0.57%	0.42%
	CSGP	D	0.05%	0.16%	0.05%
	CSL	C	0.04%	0.09%	0.04%
	CSX	C	0.12%	0.3%	0.12%
	CTAS	B	0.14%	0.33%	0.14%
	CTRA	B	0.03%	0.05%	0.03%
	CVNA	B	0.05%	0.09%	0.05%
	CVX	A	0.5%	0.77%	0.5%
	CW	C	0.03%	0.06%	0.03%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.01%	0.0%
	CWEN	C	0.0%	0.02%	0.0%
	CWEN	C	0.0%	0.02%	0.0%
	DAL	B	0.08%	0.17%	0.08%
	DBX	B	0.01%	0.02%	0.01%
	DCI	B	0.02%	0.04%	0.02%
	DDOG	A	0.07%	0.09%	0.07%
	DDS	B	0.01%	0.0%	0.0%
	DECK	A	0.05%	0.1%	0.05%
	DELL	B	0.07%	0.09%	0.07%
	DHI	F	0.09%	0.17%	0.09%
	DINO	D	0.01%	0.02%	0.01%
	DIS	B	0.37%	0.42%	0.37%
	DKS	D	0.02%	0.04%	0.02%
	DOCU	B	0.03%	0.04%	0.03%
	DTE	C	0.05%	0.18%	0.05%
	DTM	A	0.02%	0.03%	0.02%
	EA	A	0.07%	0.09%	0.07%
	EEFT	B	0.01%	0.02%	0.01%
	EG	C	0.02%	0.08%	0.02%
	EIX	B	0.06%	0.23%	0.06%
	ELAN	D	0.01%	0.04%	0.01%
	EME	A	0.04%	0.11%	0.04%
	EOG	A	0.14%	0.22%	0.14%
	EQH	C	0.03%	0.08%	0.03%
	EQIX	A	0.16%	0.44%	0.16%
	ESAB	C	0.01%	0.03%	0.01%
	ETR	B	0.06%	0.24%	0.06%
	EVRG	A	0.03%	0.1%	0.03%
	EWBC	A	0.03%	0.07%	0.03%
	EXAS	D	0.02%	0.02%	0.02%
	EXC	C	0.07%	0.28%	0.07%
	EXEL	B	0.02%	0.02%	0.02%
	EXP	B	0.02%	0.08%	0.02%
	EXPD	C	0.03%	0.07%	0.03%
	EXPE	B	0.04%	0.08%	0.04%
	FANG	C	0.06%	0.1%	0.06%
	FCNCA	A	0.05%	0.14%	0.05%
	FDX	B	0.12%	0.28%	0.12%
	FFIV	B	0.03%	0.03%	0.03%
	FHN	A	0.02%	0.06%	0.02%
	FI	A	0.22%	0.65%	0.22%
	FITB	B	0.06%	0.17%	0.06%
	FIX	A	0.03%	0.07%	0.03%
	FLS	B	0.01%	0.03%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FTI	A	0.02%	0.04%	0.02%
	FTNT	C	0.1%	0.15%	0.1%
	FTV	C	0.05%	0.11%	0.05%
	G	B	0.01%	0.03%	0.01%
	GAP	C	0.01%	0.02%	0.01%
	GEN	B	0.03%	0.04%	0.03%
	GILD	C	0.2%	0.21%	0.2%
	GIS	D	0.06%	0.17%	0.06%
	GL	C	0.02%	0.05%	0.02%
	GLPI	C	0.02%	0.07%	0.02%
	GNRC	C	0.02%	0.05%	0.02%
	GOOG	C	1.71%	2.0%	1.71%
	GOOGL	C	1.9%	2.36%	1.9%
	GPN	B	0.05%	0.15%	0.05%
	GTLB	B	0.01%	0.02%	0.01%
	H	B	0.01%	0.02%	0.01%
	HCA	F	0.11%	0.43%	0.11%
	HLT	A	0.11%	0.22%	0.11%
	HOLX	D	0.03%	0.11%	0.03%
	HPE	B	0.05%	0.07%	0.05%
	HPQ	B	0.06%	0.09%	0.06%
	HRB	D	0.01%	0.03%	0.01%
	HST	C	0.02%	0.06%	0.02%
	INCY	C	0.02%	0.02%	0.02%
	INGR	C	0.02%	0.05%	0.02%
	INTU	B	0.32%	0.45%	0.32%
	INVH	D	0.04%	0.11%	0.04%
	IONS	F	0.01%	0.01%	0.01%
	ITT	A	0.02%	0.05%	0.02%
	JAZZ	B	0.01%	0.05%	0.01%
	JEF	A	0.02%	0.07%	0.02%
	JHG	B	0.01%	0.03%	0.01%
	JLL	D	0.02%	0.07%	0.02%
	JNJ	C	0.67%	2.35%	0.67%
	JNPR	D	0.02%	0.03%	0.02%
	JPM	A	1.26%	3.63%	1.26%
	K	A	0.04%	0.1%	0.04%
	KEX	B	0.01%	0.03%	0.01%
	KHC	F	0.04%	0.14%	0.04%
	KMB	C	0.08%	0.22%	0.08%
	KR	B	0.07%	0.19%	0.07%
	KRC	B	0.01%	0.02%	0.01%
	L	A	0.03%	0.08%	0.03%
	LDOS	C	0.04%	0.11%	0.04%
	LEA	F	0.01%	0.02%	0.01%
	LECO	C	0.02%	0.05%	0.02%
	LEN	D	0.0%	0.0%	0.0%
	LEN	D	0.0%	0.14%	0.0%
	LEN	D	0.07%	0.14%	0.07%
	LEN	D	0.07%	0.0%	0.0%
	LMT	D	0.23%	0.51%	0.23%
	LNC	C	0.01%	0.03%	0.01%
	LNW	F	0.01%	0.03%	0.01%
	LPX	B	0.01%	0.05%	0.01%
	LRCX	F	0.17%	0.24%	0.17%
	LSCC	D	0.01%	0.02%	0.01%
	LULU	C	0.06%	0.14%	0.06%
	LVS	B	0.03%	0.06%	0.03%
	LYB	F	0.04%	0.17%	0.04%
	M	F	0.01%	0.01%	0.01%
	MANH	D	0.03%	0.04%	0.03%
	MAS	D	0.03%	0.07%	0.03%
	MCK	A	0.15%	0.5%	0.15%
	MDT	D	0.2%	0.7%	0.2%
	MEDP	D	0.01%	0.05%	0.01%
	MET	A	0.09%	0.25%	0.09%
	META	D	2.23%	2.94%	2.23%
	MGM	D	0.02%	0.03%	0.02%
	MHK	D	0.01%	0.03%	0.01%
	MIDD	C	0.01%	0.03%	0.01%
	MMC	B	0.2%	0.58%	0.2%
	MMM	D	0.13%	0.31%	0.13%
	MO	A	0.17%	0.45%	0.17%
	MOS	F	0.02%	0.07%	0.02%
	MPC	D	0.1%	0.16%	0.1%
	MPWR	F	0.05%	0.07%	0.05%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.03%	0.05%	0.03%
	MSA	F	0.01%	0.03%	0.01%
	MSFT	D	5.59%	7.44%	5.59%
	MSI	B	0.15%	0.2%	0.15%
	MSM	C	0.01%	0.02%	0.01%
	MTCH	D	0.01%	0.02%	0.01%
	MTD	F	0.04%	0.16%	0.04%
	NBIX	C	0.02%	0.02%	0.02%
	NI	A	0.03%	0.12%	0.03%
	NNN	C	0.01%	0.04%	0.01%
	NOW	A	0.38%	0.5%	0.38%
	NTAP	C	0.05%	0.06%	0.05%
	NTNX	B	0.03%	0.04%	0.03%
	NTRA	A	0.03%	0.03%	0.03%
	NUE	C	0.06%	0.29%	0.06%
	NVDA	B	6.32%	8.48%	6.32%
	NVR	D	0.05%	0.09%	0.05%
	NWS	A	0.01%	0.01%	0.01%
	NWSA	A	0.02%	0.03%	0.02%
	NYT	D	0.01%	0.02%	0.01%
	OC	A	0.03%	0.07%	0.03%
	OGN	F	0.01%	0.03%	0.01%
	OLN	F	0.01%	0.04%	0.01%
	OTIS	C	0.07%	0.17%	0.07%
	OXY	D	0.06%	0.1%	0.06%
	OZK	B	0.01%	0.03%	0.01%
	PANW	B	0.23%	0.28%	0.23%
	PATH	C	0.01%	0.01%	0.01%
	PAYX	B	0.08%	0.2%	0.08%
	PCAR	B	0.1%	0.26%	0.1%
	PCG	A	0.08%	0.33%	0.08%
	PG	C	0.73%	1.9%	0.73%
	PH	A	0.16%	0.39%	0.16%
	PHM	D	0.05%	0.09%	0.05%
	PINS	F	0.03%	0.04%	0.03%
	PKG	A	0.04%	0.16%	0.04%
	PLTR	B	0.23%	0.31%	0.23%
	PM	B	0.37%	0.96%	0.37%
	PPC	C	0.0%	0.01%	0.0%
	PPG	F	0.05%	0.22%	0.05%
	PRU	A	0.08%	0.23%	0.08%
	PSTG	D	0.03%	0.04%	0.03%
	PSX	C	0.1%	0.15%	0.1%
	PVH	C	0.01%	0.02%	0.01%
	PYPL	B	0.16%	0.46%	0.16%
	QCOM	F	0.33%	0.46%	0.33%
	QGEN	D	0.02%	0.06%	0.02%
	QRVO	F	0.01%	0.02%	0.01%
	RCL	A	0.1%	0.19%	0.1%
	REGN	F	0.14%	0.16%	0.14%
	REYN	D	0.0%	0.01%	0.0%
	RGA	A	0.03%	0.08%	0.03%
	RHI	C	0.01%	0.03%	0.01%
	RJF	A	0.06%	0.16%	0.06%
	RL	C	0.02%	0.03%	0.02%
	ROIV	C	0.01%	0.01%	0.01%
	ROKU	D	0.02%	0.02%	0.02%
	ROST	D	0.08%	0.16%	0.08%
	RPM	A	0.03%	0.13%	0.03%
	RPRX	D	0.02%	0.06%	0.02%
	RS	B	0.03%	0.14%	0.03%
	RYN	D	0.01%	0.02%	0.01%
	SAIC	F	0.01%	0.03%	0.01%
	SBAC	D	0.04%	0.12%	0.04%
	SEIC	B	0.01%	0.04%	0.01%
	SF	B	0.02%	0.06%	0.02%
	SKX	D	0.02%	0.03%	0.02%
	SMAR	B	0.01%	0.02%	0.01%
	SNA	A	0.03%	0.08%	0.03%
	SNX	D	0.02%	0.02%	0.02%
	SOLV	D	0.02%	0.06%	0.02%
	SON	F	0.01%	0.04%	0.01%
	SPG	A	0.11%	0.3%	0.11%
	SPOT	B	0.12%	0.14%	0.12%
	SRPT	F	0.02%	0.01%	0.01%
	SSNC	B	0.03%	0.07%	0.03%
	STAG	D	0.01%	0.03%	0.01%
	STLD	B	0.04%	0.16%	0.04%
	STT	B	0.05%	0.15%	0.05%
	SWK	D	0.02%	0.06%	0.02%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	B	0.05%	0.14%	0.05%
	T	A	0.3%	0.36%	0.3%
	TAP	C	0.02%	0.05%	0.02%
	TEAM	A	0.07%	0.09%	0.07%
	TGT	F	0.13%	0.34%	0.13%
	THC	D	0.02%	0.1%	0.02%
	THO	B	0.01%	0.02%	0.01%
	TJX	A	0.25%	0.47%	0.25%
	TMO	F	0.35%	1.3%	0.35%
	TOL	B	0.03%	0.06%	0.03%
	TPR	B	0.02%	0.04%	0.02%
	TROW	B	0.05%	0.13%	0.05%
	TT	A	0.17%	0.4%	0.17%
	TTD	B	0.1%	0.13%	0.1%
	TXRH	B	0.02%	0.04%	0.02%
	UAL	A	0.06%	0.13%	0.06%
	UBER	F	0.26%	0.61%	0.26%
	UGI	C	0.01%	0.04%	0.01%
	UNM	A	0.02%	0.07%	0.02%
	UNP	C	0.26%	0.62%	0.26%
	UPS	C	0.18%	0.41%	0.18%
	UTHR	C	0.03%	0.03%	0.03%
	VKTX	F	0.01%	0.01%	0.01%
	VLO	C	0.08%	0.13%	0.08%
	VRSN	C	0.03%	0.04%	0.03%
	VRT	B	0.09%	0.19%	0.09%
	VRTX	D	0.21%	0.23%	0.21%
	VST	A	0.1%	0.37%	0.1%
	VTRS	A	0.03%	0.1%	0.03%
	WAB	B	0.06%	0.15%	0.06%
	WCC	B	0.02%	0.04%	0.02%
	WFC	A	0.46%	1.35%	0.46%
	WFRD	D	0.01%	0.02%	0.01%
	WH	B	0.01%	0.02%	0.01%
	WLK	D	0.01%	0.03%	0.01%
	WM	B	0.16%	0.38%	0.16%
	WPC	C	0.02%	0.06%	0.02%
	WSM	C	0.03%	0.06%	0.03%
	WTFC	A	0.01%	0.04%	0.01%
	WTW	B	0.06%	0.17%	0.06%
	WY	F	0.04%	0.12%	0.04%
	WYNN	C	0.02%	0.03%	0.02%
	XEL	A	0.07%	0.28%	0.07%
	XOM	B	0.96%	1.55%	0.96%
	XRAY	F	0.01%	0.02%	0.01%
	ZBH	C	0.04%	0.14%	0.04%
	ZION	B	0.02%	0.05%	0.02%
	ZM	C	0.04%	0.05%	0.04%
	ZS	B	0.03%	0.04%	0.03%

GUSA Overweight 641 Positions Relative to RECS

	Symbol	Grade	Weight
	TSLA	B	1.76%
	AVGO	D	1.38%
	BRK.A	B	1.13%
	LLY	F	1.13%
	UNH	B	0.97%
	V	A	0.95%
	MA	B	0.78%
	COST	A	0.75%
	HD	B	0.74%
	WMT	A	0.69%
	NFLX	A	0.67%
	ORCL	A	0.56%
	MRK	D	0.45%
	KO	D	0.44%
	AMD	F	0.41%
	ACN	B	0.4%
	LIN	C	0.39%
	PEP	F	0.39%
	MCD	D	0.38%
	ABT	B	0.37%
	ISRG	A	0.35%
	GE	D	0.35%
	IBM	C	0.35%
	GS	A	0.33%
	TXN	C	0.33%
	VZ	C	0.32%
	CMCSA	B	0.3%
	MS	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%
	PFE	F	0.26%
	ETN	A	0.26%
	AMAT	F	0.25%
	COP	C	0.24%
	BX	A	0.24%
	BSX	A	0.24%
	SYK	B	0.23%
	SCHW	B	0.22%
	TMUS	B	0.21%
	CB	C	0.21%
	MU	D	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%
	DE	B	0.18%
	ELV	F	0.17%
	GEV	B	0.17%
	MDLZ	F	0.16%
	BA	F	0.16%
	SHW	B	0.16%
	NKE	F	0.16%
	DUK	C	0.16%
	MELI	C	0.16%
	ICE	C	0.16%
	ZTS	D	0.15%
	CMG	B	0.15%
	PNC	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	KLAC	F	0.15%
	WELL	A	0.15%
	APH	A	0.15%
	EMR	B	0.14%
	AON	A	0.14%
	USB	A	0.14%
	MRVL	B	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%
	WMB	A	0.13%
	NOC	D	0.13%
	APD	A	0.13%
	CEG	C	0.13%
	MCO	B	0.13%
	FCX	F	0.12%
	GD	D	0.12%
	COIN	C	0.12%
	ADSK	A	0.12%
	OKE	A	0.12%
	MAR	A	0.12%
	COF	C	0.12%
	NSC	B	0.11%
	ROP	B	0.11%
	TRV	B	0.11%
	SRE	A	0.11%
	SLB	C	0.11%
	DLR	B	0.11%
	ECL	D	0.11%
	GM	C	0.11%
	TFC	A	0.11%
	CARR	C	0.11%
	AJG	A	0.11%
	PSA	C	0.1%
	AZO	C	0.1%
	URI	C	0.1%
	WDAY	B	0.1%
	KMI	A	0.1%
	FICO	B	0.1%
	AMP	A	0.1%
	JCI	B	0.1%
	ABNB	C	0.1%
	AFL	B	0.1%
	DASH	B	0.1%
	FAST	B	0.09%
	FLUT	A	0.09%
	FIS	C	0.09%
	HWM	A	0.09%
	PWR	A	0.09%
	CPRT	B	0.09%
	AIG	B	0.09%
	D	C	0.09%
	LNG	A	0.09%
	NEM	D	0.09%
	O	C	0.09%
	SQ	A	0.09%
	AEP	C	0.09%
	GWW	B	0.09%
	IR	B	0.08%
	SNOW	B	0.08%
	EW	C	0.08%
	BKR	A	0.08%
	F	C	0.08%
	DFS	B	0.08%
	RSG	A	0.08%
	AXON	A	0.08%
	TRGP	A	0.08%
	AME	A	0.08%
	PEG	A	0.08%
	KVUE	A	0.08%
	CCI	C	0.08%
	MSCI	C	0.08%
	LHX	C	0.08%
	MLM	C	0.07%
	A	D	0.07%
	SYY	D	0.07%
	CHTR	C	0.07%
	GLW	B	0.07%
	VMC	B	0.07%
	YUM	D	0.07%
	MNST	C	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	IT	C	0.07%
	ODFL	C	0.07%
	VRSK	A	0.07%
	CTVA	C	0.07%
	CBRE	B	0.07%
	HES	B	0.07%
	TTWO	A	0.06%
	DOW	F	0.06%
	DD	C	0.06%
	ARES	A	0.06%
	VEEV	C	0.06%
	WEC	A	0.06%
	ROK	C	0.06%
	GRMN	B	0.06%
	AVB	B	0.06%
	TPL	A	0.06%
	NDAQ	A	0.06%
	HUBS	A	0.06%
	VICI	C	0.06%
	KDP	F	0.06%
	HUM	C	0.06%
	ED	C	0.06%
	IRM	C	0.06%
	IDXX	F	0.06%
	IQV	F	0.06%
	HIG	B	0.06%
	MCHP	F	0.06%
	ACGL	C	0.06%
	RMD	C	0.06%
	EXR	C	0.06%
	GEHC	D	0.06%
	MTB	A	0.06%
	CPAY	A	0.05%
	EQT	B	0.05%
	HSY	F	0.05%
	TYL	B	0.05%
	PPL	A	0.05%
	GDDY	A	0.05%
	EQR	C	0.05%
	HBAN	A	0.05%
	VTR	B	0.05%
	RBLX	C	0.05%
	BRO	B	0.05%
	KEYS	A	0.05%
	CPNG	D	0.05%
	HAL	C	0.05%
	AWK	C	0.05%
	SW	A	0.05%
	CHD	A	0.05%
	DOV	A	0.05%
	ON	D	0.05%
	NET	B	0.05%
	XYL	D	0.05%
	DXCM	C	0.05%
	ANSS	B	0.05%
	TSCO	D	0.05%
	EFX	F	0.05%
	EBAY	D	0.05%
	STX	C	0.04%
	IBKR	A	0.04%
	ESS	B	0.04%
	LUV	C	0.04%
	NRG	B	0.04%
	PFG	D	0.04%
	ZBRA	B	0.04%
	LYV	A	0.04%
	LII	A	0.04%
	LH	B	0.04%
	IP	A	0.04%
	CNP	A	0.04%
	DKNG	B	0.04%
	MDB	B	0.04%
	WAT	C	0.04%
	CMS	C	0.04%
	CFG	B	0.04%
	CLX	A	0.04%
	STE	D	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%
	WST	C	0.04%
	WDC	D	0.04%
	ATO	A	0.04%
	PTC	B	0.04%
	IFF	D	0.04%
	FE	C	0.04%
	CINF	A	0.04%
	VLTO	C	0.04%
	CDW	F	0.04%
	LPLA	A	0.04%
	DVN	F	0.04%
	RF	A	0.04%
	HUBB	B	0.04%
	RVTY	F	0.03%
	SAIA	B	0.03%
	NDSN	B	0.03%
	DT	D	0.03%
	APTV	F	0.03%
	UDR	B	0.03%
	EL	F	0.03%
	POOL	C	0.03%
	JBL	C	0.03%
	AMCR	C	0.03%
	SMCI	F	0.03%
	SFM	A	0.03%
	JBHT	C	0.03%
	AFRM	A	0.03%
	ROL	B	0.03%
	TWLO	A	0.03%
	FLEX	B	0.03%
	DOC	C	0.03%
	GGG	B	0.03%
	ENTG	D	0.03%
	USFD	A	0.03%
	CASY	A	0.03%
	GWRE	A	0.03%
	TXT	D	0.03%
	DPZ	C	0.03%
	TW	A	0.03%
	ALGN	D	0.03%
	ULTA	F	0.03%
	SUI	C	0.03%
	AVY	F	0.03%
	LNT	A	0.03%
	FNF	B	0.03%
	HEI	A	0.03%
	TER	F	0.03%
	TOST	B	0.03%
	J	D	0.03%
	GPC	D	0.03%
	MOH	F	0.03%
	BBY	D	0.03%
	KIM	A	0.03%
	DG	F	0.03%
	XPO	B	0.03%
	TRMB	B	0.03%
	IEX	C	0.03%
	PNR	A	0.03%
	HOOD	B	0.03%
	BAH	F	0.03%
	TSN	B	0.03%
	YUMC	C	0.03%
	DGX	A	0.03%
	BALL	F	0.03%
	KEY	B	0.03%
	WRB	A	0.03%
	WSO	A	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	MAA	B	0.03%
	MKC	C	0.03%
	TRU	D	0.03%
	FSLR	F	0.03%
	DRI	B	0.03%
	OMC	C	0.03%
	CFR	B	0.02%
	EGP	D	0.02%
	RRC	B	0.02%
	CPB	D	0.02%
	GPK	C	0.02%
	FRT	B	0.02%
	TTC	C	0.02%
	PR	B	0.02%
	PLNT	A	0.02%
	PCTY	C	0.02%
	RBC	A	0.02%
	CNH	C	0.02%
	CBSH	B	0.02%
	CR	A	0.02%
	HQY	A	0.02%
	AXTA	B	0.02%
	HRL	D	0.02%
	GLOB	B	0.02%
	RVMD	C	0.02%
	HSIC	C	0.02%
	WMS	F	0.02%
	OGE	A	0.02%
	MORN	B	0.02%
	PEN	B	0.02%
	X	B	0.02%
	TPX	B	0.02%
	ORI	A	0.02%
	KNX	C	0.02%
	AR	B	0.02%
	FLR	B	0.02%
	CMA	B	0.02%
	CRS	B	0.02%
	MTZ	B	0.02%
	FN	C	0.02%
	FBIN	D	0.02%
	SCCO	F	0.02%
	TFX	F	0.02%
	TKO	A	0.02%
	PNFP	B	0.02%
	REXR	F	0.02%
	DOX	D	0.02%
	LKQ	F	0.02%
	AAL	B	0.02%
	GMED	A	0.02%
	CRL	D	0.02%
	HLI	A	0.02%
	CHDN	B	0.02%
	WAL	B	0.02%
	ALLY	C	0.02%
	LAD	A	0.02%
	RGLD	C	0.02%
	EHC	B	0.02%
	LBRDK	C	0.02%
	OHI	C	0.02%
	AFG	A	0.02%
	MKTX	D	0.02%
	MUSA	B	0.02%
	WING	D	0.02%
	PRI	B	0.02%
	RDDT	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%
	PNW	A	0.02%
	TECH	F	0.02%
	ERIE	D	0.02%
	IPG	D	0.02%
	FND	D	0.02%
	KNSL	B	0.02%
	GME	C	0.02%
	CTLT	C	0.02%
	WTRG	B	0.02%
	EVR	B	0.02%
	CCK	D	0.02%
	LW	C	0.02%
	TTEK	F	0.02%
	OVV	B	0.02%
	SNAP	D	0.02%
	ATR	B	0.02%
	CUBE	C	0.02%
	NCLH	B	0.02%
	PAYC	B	0.02%
	LAMR	C	0.02%
	UHS	D	0.02%
	CG	B	0.02%
	DAY	B	0.02%
	BJ	A	0.02%
	HEI	A	0.02%
	RRX	B	0.02%
	BXP	C	0.02%
	KMX	B	0.02%
	AA	A	0.02%
	Z	A	0.02%
	SJM	D	0.02%
	INSM	C	0.02%
	DUOL	A	0.02%
	SCI	B	0.02%
	EMN	C	0.02%
	OKTA	C	0.02%
	BWXT	B	0.02%
	REG	A	0.02%
	ALLE	C	0.02%
	EPAM	B	0.02%
	CLH	C	0.02%
	NVT	B	0.02%
	ALB	B	0.02%
	JKHY	D	0.02%
	PFGC	B	0.02%
	CHRW	B	0.02%
	ELS	C	0.02%
	CPT	B	0.02%
	OWL	A	0.02%
	DLTR	F	0.02%
	AKAM	D	0.02%
	COHR	B	0.02%
	RNR	C	0.02%
	SOFI	B	0.02%
	TNET	F	0.01%
	HESM	B	0.01%
	CACC	D	0.01%
	SATS	D	0.01%
	PAG	B	0.01%
	NSA	C	0.01%
	CRVL	B	0.01%
	HUN	F	0.01%
	NUVL	C	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	A	0.01%
	ACHC	F	0.01%
	IAC	F	0.01%
	LANC	C	0.01%
	PII	F	0.01%
	MDU	D	0.01%
	ASGN	F	0.01%
	OPCH	D	0.01%
	W	D	0.01%
	ZETA	D	0.01%
	ENLC	A	0.01%
	HOG	D	0.01%
	SIG	B	0.01%
	STEP	C	0.01%
	FLO	D	0.01%
	CELH	F	0.01%
	NSIT	F	0.01%
	CHH	A	0.01%
	WMG	D	0.01%
	DLB	B	0.01%
	APPF	B	0.01%
	AN	C	0.01%
	SLGN	A	0.01%
	PSN	D	0.01%
	BRKR	D	0.01%
	CHWY	B	0.01%
	SWX	B	0.01%
	MGY	A	0.01%
	BYD	B	0.01%
	TENB	C	0.01%
	FIVE	F	0.01%
	MUR	D	0.01%
	ST	F	0.01%
	EXPO	D	0.01%
	RH	C	0.01%
	TKR	D	0.01%
	MMS	F	0.01%
	SN	D	0.01%
	HXL	F	0.01%
	IBP	D	0.01%
	NXST	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%
	VVV	D	0.01%
	INSP	D	0.01%
	QLYS	B	0.01%
	GATX	A	0.01%
	POST	C	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	AM	A	0.01%
	LNTH	D	0.01%
	BROS	A	0.01%
	UBSI	B	0.01%
	SIRI	C	0.01%
	NFG	A	0.01%
	EDR	A	0.01%
	TPG	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%
	FOUR	A	0.01%
	PCOR	B	0.01%
	SUM	B	0.01%
	AGCO	D	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%
	STWD	C	0.01%
	SIGI	C	0.01%
	BPMC	B	0.01%
	LFUS	D	0.01%
	IDA	A	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%
	ESI	B	0.01%
	ARW	D	0.01%
	GBCI	B	0.01%
	BBWI	C	0.01%
	MAT	D	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%
	OMF	A	0.01%
	BIO	C	0.01%
	LSTR	D	0.01%
	SPSC	D	0.01%
	MTDR	B	0.01%
	FYBR	C	0.01%
	ONB	C	0.01%
	WSC	F	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%
	AZEK	A	0.01%
	ALV	C	0.01%
	AGNC	C	0.01%
	BPOP	C	0.01%
	HLNE	B	0.01%
	FCN	F	0.01%
	EXLS	B	0.01%
	ALK	B	0.01%
	CGNX	D	0.01%
	GNTX	C	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%
	CMC	B	0.01%
	TMHC	C	0.01%
	FMC	D	0.01%
	FR	D	0.01%
	RLI	A	0.01%
	OSK	C	0.01%
	GTLS	A	0.01%
	WEX	D	0.01%
	S	B	0.01%
	ATI	C	0.01%
	DVA	C	0.01%
	VFC	C	0.01%
	OLED	F	0.01%
	CVLT	B	0.01%
	ESTC	C	0.01%
	MASI	B	0.01%
	JXN	C	0.01%
	TREX	C	0.01%
	BSY	F	0.01%
	PB	B	0.01%
	ITCI	C	0.01%
	HII	F	0.01%
	UFPI	C	0.01%
	GKOS	B	0.01%
	BWA	D	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%
	APA	D	0.01%
	SNV	C	0.01%
	CHE	D	0.01%
	ENSG	C	0.01%
	CHRD	D	0.01%
	ONTO	F	0.01%
	SSB	B	0.01%
	ENPH	F	0.01%
	HAS	D	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 26 Positions Relative to RECS

	Symbol	Grade	Weight
	XP	F	-0.04%
	NEU	D	-0.03%
	SLM	A	-0.03%
	R	B	-0.03%
	MTG	C	-0.03%
	COLB	B	-0.03%
	PINC	B	-0.02%
	AZTA	D	-0.02%
	VIRT	A	-0.02%
	PK	C	-0.02%
	EPR	C	-0.02%
	HIW	C	-0.02%
	GTES	A	-0.02%
	WU	F	-0.02%
	PRGO	C	-0.02%
	SMG	C	-0.02%
	APLS	F	-0.01%
	CRI	F	-0.01%
	ALGM	D	-0.01%
	RARE	F	-0.01%
	PEGA	B	-0.01%
	SAM	C	-0.01%
	TNL	A	-0.01%
	MAN	F	-0.01%
	PLTK	B	-0.0%
	SEB	F	-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

RECS: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diversified Industrials Asset Management Business Services Semiconductors Software - Infrastructure Banks - Regional - US Internet Content & Information Packaged Foods Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Diagnostics & Research Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Biotechnology Bank Medicine Banking Electricity Dow Jones Component Software Work From Home Clothing IBD 50 Mining Real Estate Investment Trust Telecommunications Biopharmaceutical Electronics