GUSA vs. VCEB ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$51.97

Average Daily Volume

6,962

Number of Holdings ^*

975

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	GUSA	VCEB
30 Days	3.03%	-0.25%
60 Days	5.42%	-2.76%
90 Days	7.24%	-1.73%
12 Months	33.55%	7.45%

227 Overlapping Holdings

	Symbol	Grade	Weight in GUSA	Weight in VCEB	Overlap
	A	D	0.07%	0.02%	0.02%
	AAPL	C	6.17%	0.01%	0.01%
	ABBV	D	0.54%	0.03%	0.03%
	ABT	B	0.37%	0.03%	0.03%
	ACGL	D	0.06%	0.03%	0.03%
	ADBE	C	0.4%	0.01%	0.01%
	ADI	D	0.19%	0.01%	0.01%
	ADM	D	0.05%	0.02%	0.02%
	ADP	B	0.22%	0.03%	0.03%
	AFL	B	0.1%	0.05%	0.05%
	AIG	B	0.09%	0.01%	0.01%
	AJG	B	0.11%	0.02%	0.02%
	AL	B	0.01%	0.01%	0.01%
	ALLY	C	0.02%	0.03%	0.02%
	AMAT	F	0.25%	0.01%	0.01%
	AMGN	D	0.27%	0.01%	0.01%
	AMP	A	0.1%	0.03%	0.03%
	AMT	D	0.17%	0.01%	0.01%
	AMZN	C	3.5%	0.01%	0.01%
	AON	A	0.14%	0.01%	0.01%
	APD	A	0.13%	0.02%	0.02%
	APH	A	0.15%	0.02%	0.02%
	ARE	D	0.03%	0.01%	0.01%
	AVGO	D	1.38%	0.02%	0.02%
	AWK	D	0.05%	0.02%	0.02%
	AXP	A	0.29%	0.01%	0.01%
	AZO	C	0.1%	0.04%	0.04%
	BAC	A	0.57%	0.02%	0.02%
	BAX	D	0.03%	0.02%	0.02%
	BDX	F	0.12%	0.03%	0.03%
	BEN	C	0.01%	0.02%	0.01%
	BERY	B	0.01%	0.01%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.04%	0.01%	0.01%
	BK	A	0.1%	0.01%	0.01%
	BKNG	A	0.3%	0.02%	0.02%
	BLK	C	0.28%	0.02%	0.02%
	BMY	B	0.22%	0.03%	0.03%
	BR	A	0.05%	0.02%	0.02%
	BRX	A	0.02%	0.01%	0.01%
	BSX	B	0.24%	0.01%	0.01%
	BWA	D	0.01%	0.03%	0.01%
	BXP	D	0.02%	0.01%	0.01%
	C	A	0.23%	0.01%	0.01%
	CAG	D	0.02%	0.01%	0.01%
	CAH	B	0.05%	0.02%	0.02%
	CARR	D	0.11%	0.02%	0.02%
	CAT	B	0.34%	0.01%	0.01%
	CB	C	0.21%	0.01%	0.01%
	CCI	D	0.08%	0.01%	0.01%
	CF	B	0.03%	0.02%	0.02%
	CFG	B	0.04%	0.03%	0.03%
	CHTR	C	0.07%	0.02%	0.02%
	CI	F	0.16%	0.01%	0.01%
	CMA	A	0.02%	0.03%	0.02%
	CMCSA	B	0.3%	0.01%	0.01%
	CME	A	0.15%	0.02%	0.02%
	CMI	A	0.09%	0.02%	0.02%
	COF	B	0.12%	0.01%	0.01%
	CPB	D	0.02%	0.02%	0.02%
	CPT	B	0.02%	0.04%	0.02%
	CRM	B	0.55%	0.02%	0.02%
	CSCO	B	0.42%	0.02%	0.02%
	CSL	C	0.04%	0.02%	0.02%
	CTAS	B	0.14%	0.04%	0.04%
	CVS	D	0.13%	0.01%	0.01%
	DD	D	0.06%	0.06%	0.06%
	DE	A	0.18%	0.02%	0.02%
	DELL	C	0.07%	0.01%	0.01%
	DFS	B	0.08%	0.01%	0.01%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHR	F	0.27%	0.01%	0.01%
	DIS	B	0.37%	0.01%	0.01%
	DLR	B	0.11%	0.01%	0.01%
	DLTR	F	0.02%	0.02%	0.02%
	DOC	D	0.03%	0.03%	0.03%
	DOW	F	0.06%	0.01%	0.01%
	DT	C	0.03%	0.19%	0.03%
	EA	A	0.07%	0.01%	0.01%
	EBAY	D	0.05%	0.01%	0.01%
	EFX	F	0.05%	0.02%	0.02%
	EG	C	0.02%	0.03%	0.02%
	EMN	D	0.02%	0.02%	0.02%
	EQH	B	0.03%	0.05%	0.03%
	EQIX	A	0.16%	0.03%	0.03%
	EQR	B	0.05%	0.03%	0.03%
	ETN	A	0.26%	0.03%	0.03%
	EXP	A	0.02%	0.01%	0.01%
	EXPE	B	0.04%	0.04%	0.04%
	FDX	B	0.12%	0.01%	0.01%
	FIS	C	0.09%	0.01%	0.01%
	FITB	A	0.06%	0.02%	0.02%
	FOXA	B	0.02%	0.01%	0.01%
	FTV	C	0.05%	0.03%	0.03%
	GILD	C	0.2%	0.01%	0.01%
	GIS	D	0.06%	0.03%	0.03%
	GLPI	C	0.02%	0.01%	0.01%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.11%	0.01%	0.01%
	GOOGL	C	1.9%	0.02%	0.02%
	GPN	B	0.05%	0.01%	0.01%
	GS	A	0.33%	0.01%	0.01%
	GWW	B	0.09%	0.04%	0.04%
	HAS	D	0.01%	0.03%	0.01%
	HBAN	A	0.05%	0.02%	0.02%
	HCA	F	0.11%	0.02%	0.02%
	HD	A	0.74%	0.01%	0.01%
	HIG	B	0.06%	0.02%	0.02%
	HPE	B	0.05%	0.01%	0.01%
	HPQ	B	0.06%	0.01%	0.01%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HUM	C	0.06%	0.01%	0.01%
	HUN	F	0.01%	0.02%	0.01%
	IBM	C	0.35%	0.02%	0.02%
	ICE	C	0.16%	0.01%	0.01%
	IFF	D	0.04%	0.03%	0.03%
	INTC	D	0.19%	0.01%	0.01%
	ITW	B	0.14%	0.03%	0.03%
	JNJ	D	0.67%	0.01%	0.01%
	JPM	A	1.26%	0.01%	0.01%
	K	A	0.04%	0.03%	0.03%
	KDP	D	0.06%	0.01%	0.01%
	KEY	B	0.03%	0.01%	0.01%
	KLAC	D	0.15%	0.01%	0.01%
	KMB	D	0.08%	0.04%	0.04%
	KO	D	0.44%	0.01%	0.01%
	LEA	D	0.01%	0.02%	0.01%
	LEN	D	0.07%	0.04%	0.04%
	LEN	D	0.0%	0.04%	0.0%
	LH	C	0.04%	0.03%	0.03%
	LLY	F	1.13%	0.03%	0.03%
	LOW	D	0.27%	0.01%	0.01%
	LRCX	F	0.17%	0.01%	0.01%
	LUV	C	0.04%	0.01%	0.01%
	MA	C	0.78%	0.03%	0.03%
	MAR	B	0.12%	0.01%	0.01%
	MCD	D	0.38%	0.01%	0.01%
	MCHP	D	0.06%	0.04%	0.04%
	MCK	B	0.15%	0.02%	0.02%
	MDLZ	F	0.16%	0.01%	0.01%
	MDT	D	0.2%	0.05%	0.05%
	MET	A	0.09%	0.01%	0.01%
	MKC	D	0.03%	0.02%	0.02%
	MLM	B	0.07%	0.02%	0.02%
	MMC	B	0.2%	0.04%	0.04%
	MMM	D	0.13%	0.01%	0.01%
	MOS	F	0.02%	0.06%	0.02%
	MRK	F	0.45%	0.01%	0.01%
	MRVL	B	0.14%	0.01%	0.01%
	MS	A	0.3%	0.01%	0.01%
	MSFT	F	5.59%	0.01%	0.01%
	MSI	B	0.15%	0.01%	0.01%
	MTB	A	0.06%	0.07%	0.06%
	MU	D	0.2%	0.03%	0.03%
	NEM	D	0.09%	0.02%	0.02%
	NKE	D	0.16%	0.01%	0.01%
	NOW	A	0.38%	0.04%	0.04%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.04%	0.03%	0.03%
	NVDA	C	6.32%	0.01%	0.01%
	NVR	D	0.05%	0.03%	0.03%
	O	D	0.09%	0.02%	0.02%
	OMC	C	0.03%	0.02%	0.02%
	ORCL	B	0.56%	0.02%	0.02%
	ORLY	B	0.13%	0.03%	0.03%
	OTIS	C	0.07%	0.04%	0.04%
	PEP	F	0.39%	0.01%	0.01%
	PFE	D	0.26%	0.01%	0.01%
	PG	A	0.73%	0.01%	0.01%
	PGR	A	0.27%	0.05%	0.05%
	PH	A	0.16%	0.01%	0.01%
	PLD	D	0.19%	0.01%	0.01%
	PNC	B	0.15%	0.01%	0.01%
	PPG	F	0.05%	0.03%	0.03%
	PRU	A	0.08%	0.01%	0.01%
	PWR	A	0.09%	0.03%	0.03%
	PYPL	B	0.16%	0.01%	0.01%
	QCOM	F	0.33%	0.01%	0.01%
	QRVO	F	0.01%	0.02%	0.01%
	REGN	F	0.14%	0.02%	0.02%
	RF	A	0.04%	0.03%	0.03%
	RJF	A	0.06%	0.02%	0.02%
	RL	B	0.02%	0.02%	0.02%
	ROP	B	0.11%	0.03%	0.03%
	RPRX	D	0.02%	0.01%	0.01%
	RSG	A	0.08%	0.01%	0.01%
	SBUX	A	0.2%	0.02%	0.02%
	SCHW	B	0.22%	0.01%	0.01%
	SHW	A	0.16%	0.02%	0.02%
	SJM	D	0.02%	0.03%	0.02%
	SPG	B	0.11%	0.01%	0.01%
	STT	A	0.05%	0.01%	0.01%
	SWK	D	0.02%	0.02%	0.02%
	SYF	B	0.05%	0.03%	0.03%
	SYK	C	0.23%	0.01%	0.01%
	SYY	B	0.07%	0.01%	0.01%
	T	A	0.3%	0.01%	0.01%
	TFC	A	0.11%	0.01%	0.01%
	TGT	F	0.13%	0.01%	0.01%
	TJX	A	0.25%	0.07%	0.07%
	TMO	F	0.35%	0.01%	0.01%
	TMUS	B	0.21%	0.01%	0.01%
	TRV	B	0.11%	0.02%	0.02%
	TSN	B	0.03%	0.01%	0.01%
	TT	A	0.17%	0.02%	0.02%
	TXN	C	0.33%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	UNH	C	0.97%	0.01%	0.01%
	UPS	C	0.18%	0.01%	0.01%
	USB	A	0.14%	0.01%	0.01%
	V	A	0.95%	0.02%	0.02%
	VFC	C	0.01%	0.02%	0.01%
	VMC	B	0.07%	0.02%	0.02%
	VRSK	A	0.07%	0.04%	0.04%
	VRSN	F	0.03%	0.03%	0.03%
	VTR	C	0.05%	0.02%	0.02%
	VTRS	A	0.03%	0.01%	0.01%
	VZ	C	0.32%	0.02%	0.02%
	WAB	B	0.06%	0.03%	0.03%
	WBA	F	0.01%	0.02%	0.01%
	WELL	A	0.15%	0.01%	0.01%
	WM	A	0.16%	0.01%	0.01%
	XRAY	F	0.01%	0.02%	0.01%
	ZBH	C	0.04%	0.03%	0.03%
	ZTS	D	0.15%	0.01%	0.01%

GUSA Overweight 748 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	D	2.23%
	TSLA	B	1.76%
	GOOG	C	1.71%
	BRK.A	B	1.13%
	XOM	B	0.96%
	COST	B	0.75%
	WMT	A	0.69%
	NFLX	A	0.67%
	CVX	A	0.5%
	WFC	A	0.46%
	AMD	F	0.41%
	ACN	C	0.4%
	LIN	D	0.39%
	PM	B	0.37%
	ISRG	A	0.35%
	GE	D	0.35%
	INTU	C	0.32%
	SPGI	C	0.29%
	RTX	C	0.29%
	NEE	D	0.29%
	HON	B	0.27%
	UBER	D	0.26%
	UNP	C	0.26%
	COP	C	0.24%
	BX	A	0.24%
	PLTR	B	0.23%
	PANW	C	0.23%
	LMT	D	0.23%
	FI	A	0.22%
	VRTX	F	0.21%
	KKR	A	0.19%
	SO	D	0.18%
	ANET	C	0.17%
	ELV	F	0.17%
	GEV	B	0.17%
	MO	A	0.17%
	BA	F	0.16%
	DUK	C	0.16%
	MELI	D	0.16%
	CMG	B	0.15%
	CRWD	B	0.15%
	CDNS	B	0.15%
	SNPS	B	0.15%
	EMR	A	0.14%
	CL	D	0.14%
	EOG	A	0.14%
	MSTR	C	0.14%
	APO	B	0.13%
	TDG	D	0.13%
	WMB	A	0.13%
	NOC	D	0.13%
	APP	B	0.13%
	CEG	D	0.13%
	MCO	B	0.13%
	FCX	D	0.12%
	GD	F	0.12%
	COIN	C	0.12%
	ADSK	A	0.12%
	OKE	A	0.12%
	SPOT	B	0.12%
	CSX	B	0.12%
	NSC	B	0.11%
	SRE	A	0.11%
	HLT	A	0.11%
	SLB	C	0.11%
	ECL	D	0.11%
	RCL	A	0.1%
	PSA	D	0.1%
	VST	B	0.1%
	MPC	D	0.1%
	TTD	B	0.1%
	URI	B	0.1%
	WDAY	B	0.1%
	PSX	C	0.1%
	KMI	A	0.1%
	FICO	B	0.1%
	JCI	C	0.1%
	ABNB	C	0.1%
	FTNT	C	0.1%
	DASH	A	0.1%
	PCAR	B	0.1%
	DHI	D	0.09%
	FAST	B	0.09%
	FLUT	A	0.09%
	HWM	A	0.09%
	VRT	B	0.09%
	CPRT	A	0.09%
	D	C	0.09%
	LNG	B	0.09%
	SQ	B	0.09%
	AEP	D	0.09%
	ALL	A	0.09%
	IR	B	0.08%
	SNOW	C	0.08%
	DAL	C	0.08%
	EW	C	0.08%
	COR	B	0.08%
	BKR	B	0.08%
	F	C	0.08%
	AXON	A	0.08%
	TRGP	B	0.08%
	AME	A	0.08%
	PCG	A	0.08%
	PEG	A	0.08%
	KVUE	A	0.08%
	PAYX	C	0.08%
	MSCI	C	0.08%
	VLO	C	0.08%
	ROST	C	0.08%
	LHX	C	0.08%
	YUM	B	0.07%
	MNST	C	0.07%
	STZ	D	0.07%
	CTSH	B	0.07%
	XEL	A	0.07%
	TEAM	A	0.07%
	KR	B	0.07%
	IT	C	0.07%
	EXC	C	0.07%
	ODFL	B	0.07%
	DDOG	A	0.07%
	CTVA	C	0.07%
	CBRE	B	0.07%
	HES	B	0.07%
	TTWO	A	0.06%
	CNC	D	0.06%
	UAL	A	0.06%
	ARES	A	0.06%
	VEEV	C	0.06%
	WEC	A	0.06%
	WTW	B	0.06%
	ROK	B	0.06%
	ETR	B	0.06%
	GRMN	B	0.06%
	FANG	D	0.06%
	LULU	C	0.06%
	AVB	B	0.06%
	TPL	A	0.06%
	NDAQ	A	0.06%
	EIX	B	0.06%
	HUBS	A	0.06%
	VICI	C	0.06%
	ED	D	0.06%
	IRM	D	0.06%
	IDXX	F	0.06%
	IQV	D	0.06%
	NUE	C	0.06%
	RMD	C	0.06%
	EXR	D	0.06%
	GEHC	F	0.06%
	OXY	D	0.06%
	CPAY	A	0.05%
	EQT	B	0.05%
	DTE	C	0.05%
	HSY	F	0.05%
	TYL	B	0.05%
	PPL	B	0.05%
	GDDY	A	0.05%
	CCL	B	0.05%
	FCNCA	A	0.05%
	TROW	B	0.05%
	RBLX	C	0.05%
	BRO	B	0.05%
	KEYS	A	0.05%
	PHM	D	0.05%
	CPNG	D	0.05%
	HAL	C	0.05%
	DECK	A	0.05%
	SW	A	0.05%
	CHD	B	0.05%
	DOV	A	0.05%
	MPWR	F	0.05%
	CVNA	B	0.05%
	ON	D	0.05%
	NET	B	0.05%
	XYL	D	0.05%
	CSGP	D	0.05%
	DXCM	D	0.05%
	ANSS	B	0.05%
	ALNY	D	0.05%
	TSCO	D	0.05%
	STX	D	0.04%
	IBKR	A	0.04%
	ESS	B	0.04%
	NRG	B	0.04%
	INVH	D	0.04%
	PFG	D	0.04%
	ZBRA	B	0.04%
	LYV	A	0.04%
	LII	A	0.04%
	IP	B	0.04%
	ZM	B	0.04%
	CNP	B	0.04%
	DKNG	B	0.04%
	STLD	B	0.04%
	MDB	C	0.04%
	WAT	B	0.04%
	CMS	C	0.04%
	BLDR	D	0.04%
	CLX	B	0.04%
	STE	F	0.04%
	LYB	F	0.04%
	CBOE	B	0.04%
	LDOS	C	0.04%
	PKG	A	0.04%
	MKL	A	0.04%
	WBD	C	0.04%
	ES	D	0.04%
	TDY	B	0.04%
	ILMN	D	0.04%
	WST	C	0.04%
	WDC	D	0.04%
	ATO	A	0.04%
	WY	D	0.04%
	PTC	A	0.04%
	FE	C	0.04%
	CINF	A	0.04%
	VLTO	D	0.04%
	SBAC	D	0.04%
	CDW	F	0.04%
	LPLA	A	0.04%
	DVN	F	0.04%
	KHC	F	0.04%
	EME	C	0.04%
	AEE	A	0.04%
	HUBB	B	0.04%
	MTD	D	0.04%
	RVTY	F	0.03%
	SAIA	B	0.03%
	NDSN	B	0.03%
	APTV	D	0.03%
	UDR	B	0.03%
	EL	F	0.03%
	POOL	C	0.03%
	FFIV	B	0.03%
	CW	B	0.03%
	JBL	B	0.03%
	AMCR	D	0.03%
	SMCI	F	0.03%
	SFM	A	0.03%
	JBHT	C	0.03%
	EWBC	A	0.03%
	ACM	A	0.03%
	AFRM	B	0.03%
	ROL	B	0.03%
	TWLO	A	0.03%
	EVRG	A	0.03%
	FLEX	A	0.03%
	UTHR	C	0.03%
	GGG	B	0.03%
	ENTG	D	0.03%
	USFD	A	0.03%
	RGA	A	0.03%
	CASY	A	0.03%
	GWRE	A	0.03%
	TOL	B	0.03%
	TXT	D	0.03%
	L	A	0.03%
	PSTG	D	0.03%
	DPZ	C	0.03%
	TW	A	0.03%
	ALGN	D	0.03%
	SSNC	B	0.03%
	ULTA	F	0.03%
	SUI	D	0.03%
	AVY	D	0.03%
	GEN	B	0.03%
	LNT	A	0.03%
	FNF	B	0.03%
	HEI	B	0.03%
	TER	D	0.03%
	MRO	B	0.03%
	DOCU	A	0.03%
	TOST	B	0.03%
	MAS	D	0.03%
	J	F	0.03%
	GPC	D	0.03%
	WSM	B	0.03%
	MOH	F	0.03%
	BBY	D	0.03%
	KIM	A	0.03%
	MANH	D	0.03%
	NI	A	0.03%
	OC	A	0.03%
	XPO	B	0.03%
	EXPD	D	0.03%
	NTNX	A	0.03%
	RS	B	0.03%
	TRMB	B	0.03%
	FIX	A	0.03%
	RPM	A	0.03%
	IEX	B	0.03%
	LVS	C	0.03%
	PNR	A	0.03%
	HOOD	B	0.03%
	BAH	F	0.03%
	BURL	A	0.03%
	YUMC	C	0.03%
	PINS	D	0.03%
	BALL	D	0.03%
	WRB	A	0.03%
	WSO	A	0.03%
	SNA	A	0.03%
	HOLX	D	0.03%
	PODD	C	0.03%
	FDS	B	0.03%
	MAA	B	0.03%
	TRU	D	0.03%
	FSLR	F	0.03%
	ZS	C	0.03%
	NTRA	B	0.03%
	DRI	B	0.03%
	CTRA	B	0.03%
	SKX	D	0.02%
	CFR	B	0.02%
	EGP	F	0.02%
	RRC	B	0.02%
	GPK	C	0.02%
	FRT	B	0.02%
	TTC	D	0.02%
	PR	B	0.02%
	AOS	F	0.02%
	PLNT	A	0.02%
	SNX	C	0.02%
	PCTY	B	0.02%
	WYNN	D	0.02%
	RBC	A	0.02%
	CNH	C	0.02%
	CBSH	A	0.02%
	CR	A	0.02%
	HQY	B	0.02%
	EXEL	B	0.02%
	MGM	D	0.02%
	AXTA	A	0.02%
	ZION	B	0.02%
	GLOB	B	0.02%
	RVMD	C	0.02%
	HSIC	B	0.02%
	WMS	D	0.02%
	OGE	B	0.02%
	MORN	B	0.02%
	PEN	B	0.02%
	BILL	A	0.02%
	X	C	0.02%
	TPX	B	0.02%
	ORI	A	0.02%
	KNX	B	0.02%
	AR	B	0.02%
	QGEN	D	0.02%
	FLR	B	0.02%
	CRS	A	0.02%
	MTZ	B	0.02%
	FN	D	0.02%
	FBIN	D	0.02%
	SCCO	F	0.02%
	TFX	F	0.02%
	DCI	B	0.02%
	ROKU	D	0.02%
	WCC	B	0.02%
	INGR	B	0.02%
	SOLV	C	0.02%
	TKO	B	0.02%
	PNFP	B	0.02%
	REXR	F	0.02%
	DOX	D	0.02%
	LKQ	D	0.02%
	AAL	B	0.02%
	GMED	A	0.02%
	CRL	C	0.02%
	BRBR	A	0.02%
	SRPT	D	0.02%
	HLI	B	0.02%
	ARMK	B	0.02%
	CHDN	B	0.02%
	CIEN	B	0.02%
	WAL	B	0.02%
	AYI	B	0.02%
	EXAS	D	0.02%
	LAD	A	0.02%
	AES	F	0.02%
	GL	B	0.02%
	RGLD	C	0.02%
	EHC	B	0.02%
	LBRDK	C	0.02%
	CACI	D	0.02%
	OHI	C	0.02%
	AFG	A	0.02%
	MKTX	D	0.02%
	MUSA	A	0.02%
	WING	D	0.02%
	PRI	A	0.02%
	RDDT	B	0.02%
	ALSN	B	0.02%
	DTM	B	0.02%
	PCVX	D	0.02%
	WBS	A	0.02%
	MLI	C	0.02%
	AIT	A	0.02%
	TAP	C	0.02%
	WWD	B	0.02%
	IOT	A	0.02%
	PNW	B	0.02%
	TECH	D	0.02%
	BLD	D	0.02%
	ERIE	D	0.02%
	IPG	D	0.02%
	FND	C	0.02%
	KNSL	B	0.02%
	FHN	A	0.02%
	GME	C	0.02%
	CTLT	B	0.02%
	WTRG	B	0.02%
	EVR	B	0.02%
	CCK	C	0.02%
	GNRC	B	0.02%
	LW	C	0.02%
	TTEK	F	0.02%
	OVV	B	0.02%
	SNAP	C	0.02%
	ATR	B	0.02%
	CUBE	D	0.02%
	NWSA	B	0.02%
	NCLH	B	0.02%
	PAYC	B	0.02%
	LAMR	D	0.02%
	CG	A	0.02%
	DAY	B	0.02%
	JNPR	F	0.02%
	SF	B	0.02%
	BJ	A	0.02%
	HEI	B	0.02%
	DKS	C	0.02%
	INCY	C	0.02%
	AIZ	A	0.02%
	LECO	B	0.02%
	RRX	B	0.02%
	KMX	B	0.02%
	BMRN	D	0.02%
	AA	B	0.02%
	Z	A	0.02%
	NBIX	C	0.02%
	INSM	C	0.02%
	DUOL	A	0.02%
	SCI	B	0.02%
	OKTA	C	0.02%
	JEF	A	0.02%
	BWXT	B	0.02%
	REG	B	0.02%
	ALLE	D	0.02%
	JLL	D	0.02%
	ITT	A	0.02%
	WPC	D	0.02%
	FTI	A	0.02%
	MRNA	F	0.02%
	EPAM	C	0.02%
	CLH	B	0.02%
	NVT	B	0.02%
	ALB	C	0.02%
	JKHY	D	0.02%
	AMH	D	0.02%
	PFGC	B	0.02%
	CHRW	C	0.02%
	ELS	C	0.02%
	TPR	B	0.02%
	TXRH	C	0.02%
	OWL	A	0.02%
	AVTR	F	0.02%
	AKAM	D	0.02%
	COHR	B	0.02%
	UNM	A	0.02%
	THC	D	0.02%
	SWKS	F	0.02%
	RNR	C	0.02%
	SOFI	A	0.02%
	ADTN	A	0.01%
	AMKR	D	0.01%
	TNET	D	0.01%
	HESM	B	0.01%
	CACC	D	0.01%
	SATS	D	0.01%
	COLM	B	0.01%
	PAG	B	0.01%
	NSA	D	0.01%
	CRVL	A	0.01%
	NUVL	D	0.01%
	NWS	B	0.01%
	GFS	C	0.01%
	DNB	B	0.01%
	ZG	A	0.01%
	ACHC	F	0.01%
	IAC	D	0.01%
	DDS	B	0.01%
	LANC	C	0.01%
	PII	D	0.01%
	MDU	D	0.01%
	MSM	C	0.01%
	ASGN	F	0.01%
	RYN	D	0.01%
	OPCH	D	0.01%
	M	D	0.01%
	OGN	D	0.01%
	W	F	0.01%
	ASH	D	0.01%
	ZETA	D	0.01%
	ENLC	A	0.01%
	HOG	D	0.01%
	SIG	B	0.01%
	STEP	B	0.01%
	FLO	D	0.01%
	ROIV	C	0.01%
	CELH	F	0.01%
	NSIT	F	0.01%
	WLK	D	0.01%
	CHH	A	0.01%
	WMG	C	0.01%
	CIVI	D	0.01%
	GAP	C	0.01%
	DLB	B	0.01%
	EEFT	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%
	KRC	C	0.01%
	MGY	A	0.01%
	BYD	C	0.01%
	TENB	C	0.01%
	FIVE	F	0.01%
	CNM	D	0.01%
	MUR	D	0.01%
	ST	F	0.01%
	IONS	F	0.01%
	EXPO	D	0.01%
	RH	B	0.01%
	VKTX	F	0.01%
	TKR	D	0.01%
	SON	D	0.01%
	MMS	F	0.01%
	SN	D	0.01%
	OLN	D	0.01%
	HXL	D	0.01%
	IBP	D	0.01%
	PATH	C	0.01%
	NXST	C	0.01%
	FFIN	B	0.01%
	SEE	C	0.01%
	ABG	B	0.01%
	HCP	B	0.01%
	SM	B	0.01%
	VVV	F	0.01%
	INSP	D	0.01%
	UGI	A	0.01%
	QLYS	C	0.01%
	OZK	B	0.01%
	GATX	A	0.01%
	POST	C	0.01%
	BC	C	0.01%
	CYTK	F	0.01%
	AM	A	0.01%
	AMG	B	0.01%
	LNTH	D	0.01%
	CLF	F	0.01%
	CRUS	D	0.01%
	BROS	B	0.01%
	UBSI	B	0.01%
	SIRI	C	0.01%
	NFG	A	0.01%
	THO	B	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	C	0.01%
	WTS	B	0.01%
	VNT	B	0.01%
	JHG	A	0.01%
	FOUR	B	0.01%
	PCOR	B	0.01%
	SUM	B	0.01%
	AGCO	D	0.01%
	LNC	B	0.01%
	AUR	C	0.01%
	THG	A	0.01%
	ALTR	B	0.01%
	ESNT	D	0.01%
	CROX	D	0.01%
	SAIC	F	0.01%
	CHX	C	0.01%
	U	C	0.01%
	STWD	C	0.01%
	WFRD	D	0.01%
	SIGI	C	0.01%
	BPMC	C	0.01%
	LFUS	F	0.01%
	IDA	A	0.01%
	NOVT	D	0.01%
	LYFT	C	0.01%
	WHR	B	0.01%
	PARA	C	0.01%
	UHAL	D	0.01%
	SITE	D	0.01%
	ESI	A	0.01%
	ARW	D	0.01%
	GBCI	B	0.01%
	BBWI	D	0.01%
	MSA	D	0.01%
	MAT	D	0.01%
	DBX	B	0.01%
	COLD	D	0.01%
	NOV	C	0.01%
	COKE	C	0.01%
	CFLT	B	0.01%
	BFAM	D	0.01%
	MTN	C	0.01%
	DOCS	C	0.01%
	VNO	B	0.01%
	DINO	D	0.01%
	MTH	D	0.01%
	OMF	A	0.01%
	BIO	D	0.01%
	LSTR	D	0.01%
	SPSC	C	0.01%
	MTDR	B	0.01%
	FYBR	D	0.01%
	ONB	B	0.01%
	STAG	F	0.01%
	ELAN	D	0.01%
	WSC	D	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%
	AXS	A	0.01%
	RGEN	D	0.01%
	LSCC	D	0.01%
	AZEK	A	0.01%
	LNW	D	0.01%
	ALV	C	0.01%
	AGNC	D	0.01%
	BPOP	B	0.01%
	HLNE	B	0.01%
	FCN	D	0.01%
	EXLS	B	0.01%
	ALK	C	0.01%
	CGNX	C	0.01%
	GNTX	C	0.01%
	VMI	B	0.01%
	RYAN	B	0.01%
	MTSI	B	0.01%
	ANF	C	0.01%
	RIVN	F	0.01%
	GXO	B	0.01%
	MKSI	C	0.01%
	ESAB	B	0.01%
	CMC	B	0.01%
	TMHC	B	0.01%
	FMC	D	0.01%
	FR	C	0.01%
	RLI	B	0.01%
	OSK	B	0.01%
	GTLS	B	0.01%
	WEX	D	0.01%
	S	B	0.01%
	MHK	D	0.01%
	ATI	D	0.01%
	APG	B	0.01%
	JAZZ	B	0.01%
	DVA	B	0.01%
	MTCH	D	0.01%
	RHI	B	0.01%
	CRBG	B	0.01%
	OLED	D	0.01%
	LPX	B	0.01%
	CVLT	B	0.01%
	WH	B	0.01%
	G	B	0.01%
	MIDD	C	0.01%
	ESTC	C	0.01%
	MASI	A	0.01%
	JXN	C	0.01%
	TREX	C	0.01%
	GTLB	B	0.01%
	SMAR	A	0.01%
	MEDP	D	0.01%
	BSY	D	0.01%
	PB	A	0.01%
	KEX	C	0.01%
	ITCI	C	0.01%
	HII	D	0.01%
	UFPI	B	0.01%
	GKOS	B	0.01%
	KBR	F	0.01%
	SSD	D	0.01%
	ADC	B	0.01%
	HRB	D	0.01%
	CZR	F	0.01%
	VOYA	B	0.01%
	CE	F	0.01%
	APA	D	0.01%
	SNV	B	0.01%
	CHE	D	0.01%
	ENSG	D	0.01%
	CHRD	D	0.01%
	ONTO	D	0.01%
	FLS	B	0.01%
	SSB	B	0.01%
	ENPH	F	0.01%
	NNN	D	0.01%
	SEIC	B	0.01%
	NYT	C	0.01%
	WTFC	A	0.01%
	ACI	C	0.01%
	AAON	B	0.01%
	UWMC	D	0.0%
	UHAL	D	0.0%
	BLCO	D	0.0%
	CWEN	C	0.0%
	CNA	B	0.0%
	BIRK	D	0.0%
	DJT	C	0.0%
	INFA	D	0.0%
	LBRDA	C	0.0%
	IMVT	F	0.0%
	REYN	D	0.0%
	LEVI	F	0.0%
	RKT	F	0.0%
	CLVT	F	0.0%
	LCID	F	0.0%
	IGT	F	0.0%
	PPC	C	0.0%
	SMMT	D	0.0%
	RCM	F	0.0%
	KNTK	B	0.0%
	CWEN	C	0.0%
	CPRI	F	0.0%
	BBIO	F	0.0%
	COTY	F	0.0%
	AGR	B	0.0%
	STNG	F	0.0%
	BOKF	B	0.0%

GUSA Underweight 19 Positions Relative to VCEB

	Symbol	Grade	Weight
	WEST	C	-0.06%
	STLA	F	-0.04%
	BHF	B	-0.03%
	VOD	F	-0.03%
	BABA	D	-0.02%
	DB	D	-0.02%
	HSBC	B	-0.02%
	GSK	F	-0.02%
	AZN	D	-0.02%
	WB	D	-0.01%
	NXPI	D	-0.01%
	BMO	A	-0.01%
	CM	A	-0.01%
	AER	B	-0.01%
	BNS	A	-0.01%
	TD	F	-0.01%
	NWG	C	-0.01%
	MUFG	B	-0.01%
	RY	A	-0.01%

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

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Packaged Foods Business Services Credit Services Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics