GUSA vs. SMDY ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Syntax Stratified MidCap ETF (SMDY)

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

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$43.61

Average Daily Volume

270

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	SMDY
30 Days	5.04%	3.64%
60 Days	3.18%	3.33%
90 Days	6.07%	5.44%
12 Months	28.19%	23.57%

294 Overlapping Holdings

Symbol	Grade	Weight in GUSA	Weight in SMDY	Overlap
AA	B	0.01%	0.21%	0.01%
AAON	D	0.01%	0.27%	0.01%
ACHC	F	0.01%	0.48%	0.01%
ACM	D	0.03%	0.15%	0.03%
ADC	C	0.01%	0.07%	0.01%
AFG	B	0.02%	0.17%	0.02%
AGCO	D	0.02%	0.3%	0.02%
AIRC	A	0.01%	0.24%	0.01%
AIT	B	0.02%	0.08%	0.02%
ALGM	D	0.0%	0.45%	0.0%
ALLY	B	0.02%	0.21%	0.02%
ALV	A	0.02%	0.09%	0.02%
AM	A	0.01%	0.24%	0.01%
AMG	D	0.01%	0.29%	0.01%
AMH	B	0.03%	0.2%	0.03%
AMKR	C	0.01%	0.56%	0.01%
AN	C	0.01%	0.39%	0.01%
APPF	B	0.01%	0.15%	0.01%
AR	B	0.02%	0.1%	0.02%
ARMK	B	0.02%	0.6%	0.02%
ARW	C	0.01%	0.08%	0.01%
ASGN	C	0.01%	0.14%	0.01%
ASH	B	0.01%	0.1%	0.01%
ATR	C	0.02%	0.09%	0.02%
AXTA	C	0.02%	0.11%	0.02%
AYI	B	0.02%	0.23%	0.02%
BC	D	0.01%	0.2%	0.01%
BERY	D	0.01%	0.06%	0.01%
BJ	B	0.02%	0.24%	0.02%
BLD	C	0.03%	0.15%	0.03%
BRBR	C	0.02%	0.43%	0.02%
BRKR	D	0.01%	0.11%	0.01%
BRX	C	0.01%	0.06%	0.01%
BURL	D	0.03%	0.26%	0.03%
BWXT	D	0.02%	0.07%	0.02%
BYD	F	0.01%	0.08%	0.01%
CACC	D	0.01%	0.09%	0.01%
CACI	B	0.02%	0.22%	0.02%
CAR	D	0.0%	0.39%	0.0%
CASY	B	0.03%	0.24%	0.03%
CBSH	B	0.01%	0.14%	0.01%
CCK	C	0.02%	0.06%	0.02%
CELH	C	0.03%	0.39%	0.03%
CFR	D	0.01%	0.13%	0.01%
CG	D	0.02%	0.26%	0.02%
CGNX	C	0.02%	0.34%	0.02%
CHDN	C	0.02%	0.13%	0.02%
CHE	F	0.02%	0.22%	0.02%
CHH	F	0.01%	0.09%	0.01%
CHK	B	0.02%	0.09%	0.02%
CHRD	B	0.02%	0.09%	0.02%
CHX	D	0.01%	0.19%	0.01%
CIEN	C	0.01%	1.08%	0.01%
CIVI	C	0.01%	0.09%	0.01%
CLF	F	0.02%	0.14%	0.02%
CLH	B	0.02%	0.25%	0.02%
CMC	B	0.01%	0.18%	0.01%
CNM	A	0.01%	0.09%	0.01%
CNXC	D	0.01%	0.19%	0.01%
COHR	D	0.01%	0.13%	0.01%
COKE	C	0.01%	0.5%	0.01%
COLM	B	0.01%	0.3%	0.01%
COTY	F	0.01%	1.53%	0.01%
CPRI	F	0.01%	0.23%	0.01%
CROX	B	0.02%	0.32%	0.02%
CSL	B	0.04%	0.1%	0.04%
CUBE	D	0.02%	0.18%	0.02%
CW	B	0.02%	0.1%	0.02%
CYTK	D	0.01%	0.13%	0.01%
DAR	D	0.02%	0.3%	0.02%
DBX	D	0.01%	0.39%	0.01%
DCI	B	0.02%	0.1%	0.02%
DINO	D	0.02%	0.23%	0.02%
DKS	D	0.02%	0.33%	0.02%
DLB	C	0.01%	0.59%	0.01%
DOCS	F	0.01%	0.68%	0.01%
DT	D	0.03%	0.78%	0.03%
DTM	A	0.01%	0.25%	0.01%
DUOL	F	0.02%	0.87%	0.02%
EEFT	C	0.01%	0.3%	0.01%
EGP	D	0.02%	0.07%	0.02%
EHC	B	0.02%	0.27%	0.02%
ELF	D	0.02%	0.24%	0.02%
ELS	D	0.02%	0.19%	0.02%
EME	A	0.04%	0.17%	0.04%
EQH	B	0.03%	0.4%	0.03%
ERIE	D	0.02%	0.32%	0.02%
ESAB	B	0.01%	0.32%	0.01%
ESNT	C	0.01%	0.31%	0.01%
EVR	A	0.01%	0.15%	0.01%
EWBC	B	0.02%	0.06%	0.02%
EXEL	F	0.01%	0.66%	0.01%
EXLS	C	0.01%	0.19%	0.01%
EXP	B	0.02%	0.14%	0.02%
EXPO	C	0.01%	0.17%	0.01%
FAF	D	0.01%	0.29%	0.01%
FCN	B	0.02%	0.16%	0.02%
FFIN	B	0.01%	0.06%	0.01%
FHN	B	0.02%	0.14%	0.02%
FIVE	F	0.02%	0.2%	0.02%
FIX	B	0.03%	0.16%	0.03%
FLO	C	0.01%	0.33%	0.01%
FLR	D	0.01%	0.18%	0.01%
FLS	A	0.01%	0.11%	0.01%
FND	C	0.03%	0.14%	0.03%
FNF	B	0.03%	0.31%	0.03%
FR	D	0.01%	0.07%	0.01%
FYBR	B	0.01%	0.82%	0.01%
G	C	0.01%	0.19%	0.01%
GATX	B	0.01%	0.15%	0.01%
GBCI	C	0.01%	0.06%	0.01%
GDDY	A	0.04%	0.92%	0.04%
GGG	D	0.03%	0.09%	0.03%
GLPI	C	0.02%	0.1%	0.02%
GME	C	0.01%	0.32%	0.01%
GMED	B	0.02%	0.44%	0.02%
GNTX	D	0.02%	0.21%	0.02%
GPK	C	0.02%	0.06%	0.02%
GPS	D	0.01%	0.32%	0.01%
GTLS	C	0.01%	0.11%	0.01%
GXO	D	0.01%	0.15%	0.01%
H	D	0.01%	0.1%	0.01%
HALO	A	0.01%	0.69%	0.01%
HLI	B	0.01%	0.16%	0.01%
HOG	D	0.01%	0.21%	0.01%
HQY	D	0.01%	0.29%	0.01%
HRB	B	0.01%	0.3%	0.01%
HXL	C	0.01%	0.1%	0.01%
IBKR	B	0.03%	0.44%	0.03%
IDA	C	0.01%	0.22%	0.01%
INGR	C	0.02%	0.3%	0.02%
IPGP	D	0.01%	0.29%	0.01%
ITT	A	0.02%	0.09%	0.02%
JAZZ	F	0.01%	0.64%	0.01%
JEF	A	0.02%	0.18%	0.02%
JHG	A	0.01%	0.31%	0.01%
JLL	A	0.02%	0.15%	0.02%
KBR	C	0.02%	0.16%	0.02%
KNSL	F	0.02%	0.13%	0.02%
KNX	F	0.02%	0.13%	0.02%
KRC	D	0.01%	0.09%	0.01%
LAD	F	0.01%	0.32%	0.01%
LAMR	A	0.02%	0.07%	0.02%
LANC	D	0.01%	0.28%	0.01%
LEA	F	0.02%	0.09%	0.02%
LECO	D	0.03%	0.26%	0.03%
LFUS	C	0.01%	0.24%	0.01%
LII	B	0.03%	0.16%	0.03%
LNTH	C	0.01%	0.16%	0.01%
LNW	D	0.02%	0.57%	0.02%
LPX	A	0.01%	0.15%	0.01%
LSCC	F	0.02%	0.41%	0.02%
LSTR	C	0.01%	0.14%	0.01%
M	D	0.01%	0.27%	0.01%
MAN	C	0.01%	0.15%	0.01%
MANH	D	0.03%	0.33%	0.03%
MASI	D	0.01%	0.12%	0.01%
MAT	F	0.01%	0.14%	0.01%
MDU	B	0.01%	0.15%	0.01%
MEDP	C	0.02%	0.5%	0.02%
MIDD	F	0.02%	0.27%	0.02%
MKSI	C	0.02%	0.46%	0.02%
MMS	B	0.01%	0.29%	0.01%
MORN	D	0.02%	0.29%	0.02%
MSA	B	0.01%	0.3%	0.01%
MSM	D	0.01%	0.07%	0.01%
MTDR	D	0.02%	0.08%	0.02%
MTN	F	0.02%	0.08%	0.02%
MTSI	B	0.01%	0.52%	0.01%
MTZ	C	0.01%	0.17%	0.01%
MUR	D	0.01%	0.09%	0.01%
MUSA	A	0.02%	0.23%	0.02%
NBIX	B	0.03%	0.68%	0.03%
NFG	B	0.01%	0.25%	0.01%
NNN	B	0.02%	0.07%	0.02%
NOV	F	0.02%	0.19%	0.02%
NOVT	C	0.01%	0.13%	0.01%
NSA	C	0.01%	0.19%	0.01%
NSP	D	0.01%	0.31%	0.01%
NVST	F	0.01%	0.35%	0.01%
NVT	A	0.03%	0.26%	0.03%
NXST	C	0.01%	0.41%	0.01%
NYT	B	0.02%	0.44%	0.02%
OC	B	0.03%	0.1%	0.03%
OGE	B	0.02%	0.21%	0.02%
OHI	C	0.02%	0.6%	0.02%
OLED	C	0.02%	0.15%	0.02%
OLN	C	0.01%	0.1%	0.01%
ONB	B	0.01%	0.06%	0.01%
ONTO	A	0.02%	0.53%	0.02%
OPCH	F	0.01%	0.22%	0.01%
ORI	B	0.02%	0.18%	0.02%
OSK	C	0.02%	0.3%	0.02%
OVV	D	0.03%	0.08%	0.03%
OZK	C	0.01%	0.07%	0.01%
PAG	C	0.01%	0.36%	0.01%
PB	C	0.01%	0.06%	0.01%
PBF	D	0.01%	0.23%	0.01%
PCTY	D	0.01%	0.41%	0.01%
PEN	F	0.02%	0.11%	0.02%
PFGC	C	0.02%	0.22%	0.02%
PII	F	0.01%	0.2%	0.01%
PLNT	C	0.01%	0.21%	0.01%
PNFP	C	0.01%	0.06%	0.01%
POST	C	0.01%	0.46%	0.01%
PPC	B	0.0%	0.34%	0.0%
PR	D	0.02%	0.09%	0.02%
PRGO	D	0.01%	0.7%	0.01%
PRI	D	0.02%	0.3%	0.02%
PSTG	A	0.03%	0.58%	0.03%
PVH	D	0.01%	0.25%	0.01%
QLYS	F	0.01%	0.71%	0.01%
RBC	C	0.01%	0.08%	0.01%
RCM	F	0.0%	0.14%	0.0%
REXR	F	0.02%	0.07%	0.02%
RGA	A	0.03%	0.34%	0.03%
RGEN	D	0.02%	0.45%	0.02%
RGLD	A	0.02%	0.19%	0.02%
RH	C	0.01%	0.15%	0.01%
RLI	C	0.01%	0.17%	0.01%
RMBS	D	0.01%	0.42%	0.01%
RNR	D	0.02%	0.29%	0.02%
RPM	C	0.03%	0.09%	0.03%
RRC	B	0.02%	0.09%	0.02%
RRX	D	0.02%	0.08%	0.02%
RS	D	0.04%	0.16%	0.04%
RYN	F	0.01%	0.11%	0.01%
SAIA	F	0.02%	0.1%	0.02%
SAIC	C	0.01%	0.19%	0.01%
SAM	F	0.01%	0.28%	0.01%
SCI	D	0.02%	0.2%	0.02%
SEIC	D	0.01%	0.3%	0.01%
SF	A	0.02%	0.44%	0.02%
SIGI	F	0.01%	0.16%	0.01%
SKX	A	0.02%	0.33%	0.02%
SLAB	D	0.01%	0.41%	0.01%
SLGN	C	0.01%	0.06%	0.01%
SNV	B	0.01%	0.06%	0.01%
SNX	A	0.02%	0.09%	0.02%
SON	B	0.01%	0.06%	0.01%
SRCL	F	0.01%	0.2%	0.01%
SSB	C	0.01%	0.06%	0.01%
SSD	D	0.02%	0.07%	0.02%
ST	C	0.01%	0.36%	0.01%
STAG	D	0.01%	0.07%	0.01%
STWD	B	0.01%	0.06%	0.01%
SWAV	A	0.02%	0.27%	0.02%
SWN	C	0.02%	0.09%	0.02%
SWX	B	0.01%	0.23%	0.01%
SYNA	F	0.01%	0.4%	0.01%
THC	A	0.03%	0.74%	0.03%
THG	C	0.01%	0.18%	0.01%
THO	F	0.01%	0.22%	0.01%
TKR	B	0.01%	0.09%	0.01%
TOL	A	0.03%	0.41%	0.03%
TPX	C	0.02%	0.14%	0.02%
TREX	D	0.02%	0.14%	0.02%
TTC	C	0.02%	0.29%	0.02%
TTEK	B	0.02%	0.17%	0.02%
TXRH	B	0.02%	0.67%	0.02%
UBSI	C	0.01%	0.06%	0.01%
UFPI	B	0.02%	0.06%	0.02%
UGI	C	0.01%	0.22%	0.01%
UNM	B	0.02%	0.36%	0.02%
USFD	B	0.03%	0.24%	0.03%
UTHR	B	0.03%	0.74%	0.03%
VLY	D	0.01%	0.06%	0.01%
VMI	C	0.01%	0.1%	0.01%
VNT	D	0.01%	0.28%	0.01%
VOYA	B	0.02%	0.32%	0.02%
VVV	D	0.01%	0.1%	0.01%
WBS	D	0.02%	0.37%	0.02%
WCC	B	0.02%	0.08%	0.02%
WEN	D	0.01%	0.63%	0.01%
WEX	D	0.02%	0.27%	0.02%
WFRD	B	0.02%	0.2%	0.02%
WH	F	0.01%	0.09%	0.01%
WHR	F	0.01%	0.13%	0.01%
WING	C	0.02%	0.67%	0.02%
WLK	B	0.01%	0.11%	0.01%
WMS	B	0.02%	0.1%	0.02%
WPC	C	0.03%	0.08%	0.03%
WSM	B	0.04%	0.3%	0.04%
WSO	B	0.03%	0.08%	0.03%
WTFC	B	0.01%	0.14%	0.01%
WTRG	C	0.02%	0.24%	0.02%
WTS	B	0.01%	0.1%	0.01%
WU	D	0.01%	0.28%	0.01%
WWD	B	0.02%	0.1%	0.02%
X	D	0.02%	0.14%	0.02%
XPO	D	0.03%	0.14%	0.03%
XRAY	F	0.01%	0.08%	0.01%
ZI	F	0.01%	0.29%	0.01%
ZION	B	0.01%	0.07%	0.01%

GUSA Overweight 678 Positions Relative to SMDY

Symbol	Grade	Weight
MSFT	B	6.3%
AAPL	B	5.7%
NVDA	B	4.39%
AMZN	C	3.56%
META	D	2.18%
GOOGL	B	2.11%
GOOG	B	1.76%
LLY	B	1.36%
AVGO	A	1.25%
JPM	A	1.19%
XOM	B	1.12%
BRK.A	C	1.1%
TSLA	D	0.99%
UNH	C	0.98%
V	C	0.92%
PG	B	0.82%
MA	D	0.8%
JNJ	D	0.75%
HD	D	0.73%
COST	A	0.72%
MRK	B	0.69%
ABBV	D	0.59%
CVX	C	0.59%
BAC	B	0.55%
WMT	D	0.54%
NFLX	C	0.54%
CRM	D	0.54%
AMD	D	0.51%
KO	B	0.51%
PEP	B	0.51%
WFC	A	0.46%
ADBE	F	0.46%
TMO	B	0.46%
LIN	D	0.44%
QCOM	B	0.42%
CSCO	D	0.41%
MCD	D	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	C	0.36%
AMAT	A	0.36%
DHR	A	0.35%
AMGN	B	0.35%
VZ	C	0.35%
TXN	A	0.35%
PFE	D	0.33%
CMCSA	F	0.32%
PM	A	0.32%
NOW	C	0.31%
GS	A	0.31%
UNP	B	0.31%
NEE	A	0.31%
IBM	D	0.31%
COP	D	0.3%
AXP	B	0.29%
RTX	B	0.29%
ETN	A	0.28%
ISRG	B	0.28%
LOW	D	0.28%
SPGI	C	0.28%
UBER	D	0.28%
ELV	B	0.27%
BKNG	B	0.27%
MU	B	0.27%
HON	B	0.27%
T	B	0.26%
MS	A	0.26%
PGR	C	0.26%
INTC	F	0.26%
LRCX	C	0.25%
C	A	0.25%
TJX	B	0.24%
NKE	F	0.24%
BLK	C	0.24%
BSX	A	0.23%
MDT	C	0.23%
LMT	B	0.23%
CI	D	0.22%
ADI	A	0.22%
SCHW	A	0.22%
SYK	D	0.22%
DE	C	0.22%
UPS	D	0.22%
VRTX	B	0.22%
PLD	F	0.21%
REGN	B	0.21%
BA	F	0.21%
MMC	B	0.21%
ADP	C	0.21%
CB	B	0.21%
PANW	C	0.2%
MDLZ	C	0.2%
KLAC	A	0.2%
BMY	F	0.19%
TMUS	C	0.18%
SBUX	F	0.18%
SO	B	0.18%
WM	D	0.18%
BX	B	0.18%
AMT	D	0.18%
CMG	C	0.18%
DUK	A	0.17%
MO	A	0.17%
GILD	F	0.17%
SNPS	C	0.17%
APH	A	0.16%
ITW	D	0.16%
TGT	D	0.16%
TT	B	0.16%
SHW	D	0.16%
MELI	C	0.16%
EOG	D	0.16%
ICE	B	0.16%
CME	D	0.16%
CDNS	D	0.16%
ZTS	D	0.16%
CL	B	0.16%
ANET	A	0.15%
NOC	C	0.15%
CRWD	C	0.15%
PYPL	D	0.15%
CVS	F	0.15%
PH	B	0.15%
EQIX	D	0.15%
MCK	B	0.15%
FCX	B	0.15%
EMR	B	0.14%
MPC	D	0.14%
GD	B	0.14%
CSX	D	0.14%
BDX	F	0.14%
TDG	C	0.14%
CEG	B	0.14%
KKR	A	0.14%
SLB	F	0.14%
CTAS	B	0.13%
MSI	A	0.13%
ORLY	D	0.13%
USB	C	0.13%
PNC	A	0.13%
PSX	D	0.13%
HCA	C	0.13%
ABNB	D	0.13%
MCO	B	0.13%
ROP	D	0.12%
PCAR	D	0.12%
AON	F	0.12%
MRVL	D	0.12%
WELL	A	0.12%
ECL	B	0.12%
FDX	D	0.12%
MAR	D	0.12%
TRV	D	0.11%
WDAY	F	0.11%
NSC	D	0.11%
HLT	D	0.11%
AZO	D	0.11%
TFC	A	0.11%
CARR	B	0.11%
GM	B	0.11%
AJG	B	0.11%
EW	C	0.11%
VLO	D	0.11%
COF	B	0.11%
MMM	A	0.11%
AIG	C	0.11%
APD	D	0.11%
KMB	C	0.1%
URI	B	0.1%
OKE	B	0.1%
ADSK	F	0.1%
CPRT	D	0.1%
O	C	0.1%
F	D	0.1%
AEP	B	0.1%
SRE	A	0.1%
WMB	B	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	B	0.09%
PLTR	D	0.09%
NUE	D	0.09%
DOW	B	0.09%
FIS	A	0.09%
A	A	0.09%
PRU	A	0.09%
AMP	A	0.09%
CCI	D	0.09%
PSA	C	0.09%
MET	B	0.09%
BK	A	0.09%
D	B	0.09%
HES	C	0.09%
AFL	A	0.09%
DLR	C	0.09%
DHI	C	0.09%
JCI	B	0.09%
OXY	D	0.09%
ALL	D	0.09%
TEL	A	0.09%
ROST	D	0.09%
APO	B	0.09%
COIN	D	0.08%
PCG	A	0.08%
LNG	F	0.08%
PEG	A	0.08%
IR	C	0.08%
CSGP	D	0.08%
MLM	C	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	C	0.08%
PWR	B	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	B	0.08%
HUM	D	0.08%
CTVA	C	0.08%
MRNA	C	0.08%
RCL	C	0.07%
FICO	B	0.07%
RMD	B	0.07%
ADM	D	0.07%
PPG	D	0.07%
VST	B	0.07%
BIIB	D	0.07%
DVN	D	0.07%
BKR	C	0.07%
HWM	A	0.07%
MPWR	B	0.07%
IT	D	0.07%
HAL	F	0.07%
ED	B	0.07%
VRT	A	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	B	0.07%
ACGL	B	0.07%
FTNT	F	0.07%
DASH	D	0.07%
KVUE	C	0.07%
VMC	B	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	A	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	C	0.06%
HPQ	C	0.06%
HSY	C	0.06%
TSCO	B	0.06%
DD	B	0.06%
WAB	A	0.06%
VEEV	D	0.06%
HIG	B	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	B	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	C	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	C	0.05%
IRM	A	0.05%
WDC	B	0.05%
ETR	A	0.05%
RJF	B	0.05%
CAH	F	0.05%
DTE	B	0.05%
CPNG	C	0.05%
TTWO	D	0.05%
TROW	C	0.05%
MDB	D	0.05%
ARES	A	0.05%
PHM	A	0.05%
IFF	B	0.05%
TRGP	B	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	B	0.05%
CHD	B	0.05%
AWK	C	0.05%
KEYS	C	0.05%
FITB	A	0.05%
TSN	B	0.04%
EXPD	D	0.04%
IEX	D	0.04%
NRG	B	0.04%
SNAP	C	0.04%
UAL	C	0.04%
LVS	F	0.04%
LH	D	0.04%
J	D	0.04%
CLX	F	0.04%
ILMN	F	0.04%
HOLX	D	0.04%
NTRS	B	0.04%
STX	B	0.04%
DRI	F	0.04%
CE	D	0.04%
ATO	C	0.04%
WBD	F	0.04%
RF	B	0.04%
AVY	B	0.04%
BAX	F	0.04%
DPZ	B	0.04%
TDY	D	0.04%
CINF	D	0.04%
SYF	C	0.04%
ARE	C	0.04%
CMS	B	0.04%
OMC	A	0.04%
ALNY	F	0.04%
CNP	B	0.04%
MSTR	D	0.04%
MKC	C	0.04%
TER	B	0.04%
VTR	B	0.04%
CBOE	D	0.04%
ENTG	D	0.04%
ULTA	F	0.04%
AEE	C	0.04%
PFG	B	0.04%
FSLR	C	0.04%
BAH	C	0.04%
WAT	B	0.04%
LPLA	C	0.04%
FCNCA	C	0.04%
STLD	D	0.04%
TYL	B	0.04%
INVH	A	0.04%
LDOS	B	0.04%
ALGN	F	0.04%
HBAN	A	0.04%
MOH	F	0.04%
BRO	A	0.04%
BLDR	D	0.04%
DKNG	C	0.04%
NDAQ	C	0.04%
NET	F	0.04%
VLTO	A	0.04%
PTC	C	0.04%
CTRA	C	0.04%
SBAC	F	0.04%
PPL	A	0.04%
GPC	C	0.04%
MKL	B	0.04%
LW	F	0.03%
EMN	B	0.03%
IPG	D	0.03%
FLEX	C	0.03%
JKHY	D	0.03%
PODD	D	0.03%
WBA	F	0.03%
TECH	C	0.03%
KIM	C	0.03%
EVRG	C	0.03%
EG	D	0.03%
HEI	B	0.03%
NI	A	0.03%
HST	D	0.03%
LNT	B	0.03%
TW	B	0.03%
WRK	A	0.03%
SWK	D	0.03%
VTRS	D	0.03%
DOC	A	0.03%
IP	B	0.03%
PNR	B	0.03%
SSNC	B	0.03%
JBHT	F	0.03%
ROL	B	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	C	0.03%
BBY	D	0.03%
YUMC	F	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	B	0.03%
NDSN	B	0.03%
ZS	F	0.03%
TRU	B	0.03%
BMRN	F	0.03%
BG	D	0.03%
APP	C	0.03%
AKAM	F	0.03%
DGX	B	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%
K	B	0.03%
WRB	D	0.03%
PKG	C	0.03%
AVTR	C	0.03%
ZBRA	A	0.03%
LUV	F	0.03%
NTNX	B	0.03%
EQT	C	0.03%
ESS	B	0.03%
FDS	D	0.03%
CFG	B	0.03%
TXT	D	0.03%
RHI	F	0.02%
VKTX	C	0.02%
ROKU	D	0.02%
DVA	C	0.02%
ETSY	F	0.02%
PATH	D	0.02%
MKTX	D	0.02%
WSC	F	0.02%
FRT	B	0.02%
BEN	F	0.02%
CZR	F	0.02%
IOT	B	0.02%
HAS	C	0.02%
FOXA	C	0.02%
FN	B	0.02%
GL	F	0.02%
GNRC	C	0.02%
MTCH	F	0.02%
FMC	C	0.02%
ELAN	B	0.02%
HOOD	C	0.02%
AFRM	D	0.02%
BWA	C	0.02%
ACI	D	0.02%
OWL	C	0.02%
ESTC	C	0.02%
CPB	C	0.02%
HEI	B	0.02%
PNW	C	0.02%
DAY	F	0.02%
BXP	C	0.02%
PAYC	F	0.02%
GWRE	A	0.02%
UHS	B	0.02%
TPR	D	0.02%
AIZ	D	0.02%
AAL	C	0.02%
CHRW	C	0.02%
QRVO	F	0.02%
WYNN	D	0.02%
DOX	F	0.02%
NWSA	C	0.02%
MOS	F	0.02%
HSIC	C	0.02%
TFX	D	0.02%
EXAS	F	0.02%
HII	D	0.02%
REG	C	0.02%
QGEN	B	0.02%
FFIV	D	0.02%
INCY	D	0.02%
CTLT	D	0.02%
SCCO	B	0.02%
MGM	F	0.02%
TOST	B	0.02%
EPAM	F	0.02%
HRL	C	0.02%
TAP	F	0.02%
AOS	C	0.02%
NTRA	B	0.02%
RPRX	F	0.02%
TWLO	D	0.02%
JNPR	D	0.02%
APA	F	0.02%
ALLE	D	0.02%
BBWI	B	0.02%
KMX	D	0.02%
LKQ	F	0.02%
CPT	B	0.02%
DOCU	C	0.02%
CRL	D	0.02%
SRPT	C	0.02%
SJM	F	0.02%
CVNA	C	0.02%
FTI	B	0.02%
BSY	B	0.02%
UDR	C	0.02%
FRSH	F	0.01%
ADTN	D	0.01%
TXG	F	0.01%
AGR	A	0.01%
BROS	B	0.01%
NWS	C	0.01%
HESM	B	0.01%
DNB	C	0.01%
SEDG	F	0.01%
BBIO	D	0.01%
PSN	D	0.01%
CERE	B	0.01%
TNET	F	0.01%
ENLC	C	0.01%
DDS	B	0.01%
SN	B	0.01%
TPG	D	0.01%
DXC	F	0.01%
STNG	B	0.01%
FOUR	D	0.01%
FIVN	F	0.01%
IAC	C	0.01%
GFS	D	0.01%
FOX	C	0.01%
HCP	C	0.01%
SIG	C	0.01%
WMG	D	0.01%
HUN	D	0.01%
APLS	F	0.01%
RIG	D	0.01%
AAP	D	0.01%
ABG	C	0.01%
VFC	F	0.01%
ALTR	B	0.01%
MGY	C	0.01%
SUM	C	0.01%
LNC	C	0.01%
IVZ	C	0.01%
INSP	F	0.01%
TENB	F	0.01%
SMAR	D	0.01%
AL	B	0.01%
RYAN	B	0.01%
OGN	B	0.01%
SEE	C	0.01%
AXS	B	0.01%
S	D	0.01%
BIO	F	0.01%
IONS	F	0.01%
PCOR	D	0.01%
IBP	D	0.01%
ALK	C	0.01%
GTLB	D	0.01%
BILL	F	0.01%
ITCI	D	0.01%
SM	D	0.01%
LBRDK	F	0.01%
U	F	0.01%
ATKR	D	0.01%
OMF	C	0.01%
LYFT	D	0.01%
RHP	D	0.01%
MHK	C	0.01%
BPOP	A	0.01%
ENSG	D	0.01%
PARA	D	0.01%
AZEK	C	0.01%
COLD	D	0.01%
MTH	B	0.01%
BFAM	B	0.01%
APG	D	0.01%
SOFI	F	0.01%
Z	F	0.01%
RL	D	0.01%
ALSN	D	0.01%
AGNC	A	0.01%
W	C	0.01%
UHAL	C	0.01%
NCLH	F	0.01%
PCVX	C	0.01%
RIVN	F	0.01%
WAL	C	0.01%
CFLT	D	0.01%
SITE	D	0.01%
CMA	B	0.01%
SPSC	C	0.01%
CRBG	B	0.01%
GLOB	F	0.01%
BLCO	F	0.0%
UHAL	C	0.0%
UWMC	B	0.0%
TFSL	C	0.0%
CWEN	C	0.0%
LBRDA	F	0.0%
CNA	C	0.0%
LEN	B	0.0%
DLO	F	0.0%
BIRK	C	0.0%
INFA	D	0.0%
REYN	B	0.0%
IMVT	D	0.0%
RKT	C	0.0%
JOBY	D	0.0%
SIRI	F	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 96 Positions Relative to SMDY

Symbol	Grade	Weight
SMG	D	-1.75%
LITE	D	-1.07%
IRDM	D	-0.84%
ZD	F	-0.65%
SBRA	C	-0.64%
CRUS	A	-0.53%
ARWR	F	-0.51%
POWI	C	-0.49%
LIVN	B	-0.46%
CVLT	A	-0.44%
AZTA	F	-0.44%
LOPE	C	-0.44%
GHC	B	-0.43%
BLKB	C	-0.42%
ASB	B	-0.42%
KBH	A	-0.4%
TMHC	B	-0.4%
TGNA	C	-0.4%
KMPR	C	-0.36%
JWN	C	-0.35%
CNO	B	-0.35%
BHF	F	-0.34%
TDC	F	-0.34%
MTG	C	-0.32%
ENOV	F	-0.32%
KEX	B	-0.3%
TEX	C	-0.3%
SFM	B	-0.28%
ETRN	B	-0.27%
FHI	D	-0.27%
BCO	B	-0.25%
CRI	F	-0.25%
BKH	C	-0.24%
AMED	B	-0.24%
KD	A	-0.24%
OGS	D	-0.23%
SR	C	-0.23%
ENS	C	-0.23%
NJR	C	-0.23%
HAE	B	-0.23%
OLLI	D	-0.23%
PGNY	F	-0.22%
HTZ	F	-0.22%
VC	D	-0.22%
SLM	D	-0.21%
POR	C	-0.21%
ALE	B	-0.21%
ORA	C	-0.2%
TCBI	C	-0.2%
VAL	B	-0.2%
PNM	D	-0.2%
IRT	B	-0.2%
NWE	C	-0.2%
GO	F	-0.19%
SHC	F	-0.18%
R	A	-0.17%
MP	C	-0.17%
BDC	B	-0.15%
WERN	D	-0.14%
HWC	B	-0.14%
VSH	C	-0.14%
WOLF	F	-0.13%
UMBF	B	-0.13%
KNF	C	-0.13%
YETI	D	-0.13%
CBT	B	-0.12%
HELE	D	-0.12%
UAA	F	-0.12%
PCH	D	-0.12%
UA	F	-0.12%
CC	C	-0.11%
AVNT	B	-0.11%
NEU	D	-0.1%
HGV	D	-0.1%
NEOG	F	-0.1%
TNL	C	-0.1%
CUZ	B	-0.1%
VAC	D	-0.1%
PENN	F	-0.09%
CNX	B	-0.09%
IART	F	-0.09%
VNO	D	-0.09%
PK	D	-0.09%
GT	C	-0.09%
LEG	F	-0.09%
AVT	B	-0.08%
HOMB	B	-0.07%
COLB	C	-0.07%
CADE	B	-0.07%
NYCB	D	-0.07%
KRG	D	-0.07%
IBOC	B	-0.07%
ADNT	F	-0.07%
GEF	F	-0.06%
EPR	C	-0.06%
FNB	B	-0.06%