BND vs. QUS ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to SPDR MSCI USA Quality Mix ETF (QUS)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.48

Average Daily Volume

5,893,884

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$158.65

Average Daily Volume

14,758

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

Performance

Period	BND	QUS
30 Days	-1.96%	-0.90%
60 Days	-3.59%	1.77%
90 Days	-1.49%	3.95%
12 Months	6.48%	28.21%

369 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in QUS	Overlap
A	D	0.01%	0.11%	0.01%
AAPL	C	0.01%	3.19%	0.01%
ABBV	F	0.01%	0.58%	0.01%
ABT	B	0.01%	0.15%	0.01%
ACGL	C	0.01%	0.37%	0.01%
ADBE	F	0.01%	0.69%	0.01%
ADI	D	0.01%	0.15%	0.01%
ADM	D	0.01%	0.08%	0.01%
ADP	B	0.01%	0.54%	0.01%
ADSK	B	0.01%	0.16%	0.01%
AEE	A	0.01%	0.11%	0.01%
AEP	C	0.01%	0.18%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	A	0.01%	0.15%	0.01%
AFL	C	0.01%	0.21%	0.01%
AIG	B	0.01%	0.12%	0.01%
AIZ	A	0.01%	0.12%	0.01%
AJG	A	0.01%	0.45%	0.01%
ALB	C	0.01%	0.02%	0.01%
ALL	A	0.01%	0.06%	0.01%
ALLE	D	0.01%	0.04%	0.01%
ALLY	C	0.01%	0.03%	0.01%
AMAT	F	0.01%	0.53%	0.01%
AMCR	C	0.01%	0.02%	0.01%
AMGN	D	0.01%	0.31%	0.01%
AMH	C	0.01%	0.01%	0.01%
AMP	A	0.01%	0.04%	0.01%
AMT	D	0.01%	0.04%	0.01%
AMZN	B	0.01%	0.69%	0.01%
AON	A	0.01%	0.21%	0.01%
APD	A	0.01%	0.04%	0.01%
APH	B	0.01%	0.73%	0.01%
APO	A	0.01%	0.03%	0.01%
APTV	F	0.01%	0.02%	0.01%
ARE	D	0.01%	0.02%	0.01%
ATO	A	0.01%	0.04%	0.01%
AVB	A	0.01%	0.02%	0.01%
AVGO	C	0.01%	0.63%	0.01%
AVY	D	0.01%	0.01%	0.01%
AWK	C	0.01%	0.02%	0.01%
AXP	A	0.01%	0.1%	0.01%
AZO	C	0.01%	0.35%	0.01%
BA	F	0.01%	0.02%	0.01%
BAC	A	0.01%	0.66%	0.01%
BAX	F	0.01%	0.02%	0.01%
BBY	C	0.01%	0.09%	0.01%
BDX	F	0.01%	0.24%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	D	0.01%	0.04%	0.01%
BIIB	F	0.01%	0.02%	0.01%
BK	A	0.01%	0.09%	0.01%
BKNG	A	0.01%	0.04%	0.01%
BMY	B	0.01%	0.32%	0.01%
BR	A	0.01%	0.03%	0.01%
BRO	B	0.01%	0.01%	0.01%
BSX	B	0.01%	0.04%	0.01%
BXP	D	0.01%	0.02%	0.01%
C	A	0.01%	0.44%	0.01%
CAG	F	0.01%	0.02%	0.01%
CAH	B	0.01%	0.12%	0.01%
CARR	D	0.01%	0.04%	0.01%
CAT	B	0.01%	0.63%	0.01%
CB	C	0.01%	0.62%	0.01%
CBOE	D	0.01%	0.28%	0.01%
CCI	D	0.01%	0.03%	0.01%
CDNS	B	0.01%	0.29%	0.01%
CE	F	0.01%	0.01%	0.01%
CF	A	0.01%	0.03%	0.01%
CFG	A	0.01%	0.06%	0.01%
CHD	A	0.01%	0.14%	0.01%
CHRW	A	0.01%	0.02%	0.01%
CHTR	B	0.01%	0.09%	0.01%
CI	D	0.01%	0.23%	0.01%
CINF	A	0.01%	0.03%	0.01%
CL	D	0.01%	0.16%	0.01%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.01%	0.42%	0.01%
CME	A	0.01%	0.22%	0.01%
CMI	A	0.01%	0.16%	0.01%
CMS	C	0.01%	0.08%	0.01%
CNH	D	0.01%	0.02%	0.01%
CNP	A	0.01%	0.02%	0.01%
COF	A	0.01%	0.16%	0.01%
COP	C	0.01%	0.16%	0.01%
COST	B	0.01%	1.33%	0.01%
CPB	D	0.01%	0.12%	0.01%
CPT	D	0.01%	0.01%	0.01%
CRM	A	0.01%	0.11%	0.01%
CSCO	B	0.01%	1.32%	0.01%
CSL	B	0.01%	0.01%	0.01%
CSX	B	0.01%	0.05%	0.01%
CTAS	B	0.01%	0.24%	0.01%
CTVA	D	0.01%	0.17%	0.01%
CVS	F	0.01%	0.3%	0.01%
CVX	A	0.01%	0.52%	0.01%
D	C	0.01%	0.13%	0.01%
DAL	A	0.01%	0.01%	0.01%
DD	D	0.01%	0.04%	0.01%
DE	D	0.01%	0.1%	0.01%
DELL	C	0.01%	0.06%	0.01%
DFS	A	0.01%	0.07%	0.01%
DG	F	0.01%	0.02%	0.01%
DGX	A	0.01%	0.06%	0.01%
DHI	D	0.01%	0.19%	0.01%
DHR	D	0.01%	0.09%	0.01%
DIS	A	0.01%	0.15%	0.01%
DLR	A	0.01%	0.04%	0.01%
DLTR	F	0.01%	0.02%	0.01%
DOC	D	0.01%	0.01%	0.01%
DOV	A	0.01%	0.02%	0.01%
DOW	F	0.01%	0.06%	0.01%
DRI	B	0.01%	0.01%	0.01%
DT	C	0.01%	0.0%	0.0%
DTE	C	0.01%	0.09%	0.01%
DUK	C	0.01%	0.59%	0.01%
DVN	F	0.01%	0.04%	0.01%
EA	A	0.01%	0.3%	0.01%
EBAY	D	0.01%	0.02%	0.01%
ECL	D	0.01%	0.02%	0.01%
ED	D	0.01%	0.42%	0.01%
EFX	F	0.01%	0.01%	0.01%
EG	D	0.01%	0.17%	0.01%
EIX	C	0.01%	0.04%	0.01%
EL	F	0.01%	0.01%	0.01%
EMN	C	0.01%	0.02%	0.01%
EMR	A	0.01%	0.05%	0.01%
EOG	A	0.01%	0.15%	0.01%
EQH	B	0.01%	0.02%	0.01%
EQIX	B	0.01%	0.02%	0.01%
EQR	C	0.01%	0.02%	0.01%
ES	C	0.01%	0.02%	0.01%
ESS	A	0.01%	0.01%	0.01%
ETN	A	0.01%	0.05%	0.01%
ETR	A	0.01%	0.05%	0.01%
EVRG	A	0.01%	0.02%	0.01%
EW	C	0.01%	0.12%	0.01%
EXC	C	0.01%	0.05%	0.01%
EXPE	A	0.01%	0.02%	0.01%
EXR	C	0.01%	0.02%	0.01%
FANG	D	0.01%	0.22%	0.01%
FDX	A	0.01%	0.11%	0.01%
FE	C	0.01%	0.02%	0.01%
FIS	B	0.01%	0.03%	0.01%
FITB	A	0.01%	0.06%	0.01%
FNF	C	0.01%	0.02%	0.01%
FOXA	A	0.01%	0.02%	0.01%
FTNT	A	0.01%	0.01%	0.01%
FTV	D	0.01%	0.02%	0.01%
GD	D	0.01%	0.07%	0.01%
GE	D	0.01%	0.11%	0.01%
GILD	B	0.01%	0.46%	0.01%
GIS	D	0.01%	0.26%	0.01%
GLPI	D	0.01%	0.01%	0.01%
GLW	B	0.01%	0.14%	0.01%
GM	A	0.01%	0.3%	0.01%
GOOGL	B	0.01%	1.22%	0.01%
GPC	D	0.01%	0.02%	0.01%
GPN	B	0.01%	0.04%	0.01%
GS	A	0.01%	0.29%	0.01%
GWW	A	0.01%	0.2%	0.01%
H	B	0.01%	0.0%	0.0%
HAL	C	0.01%	0.03%	0.01%
HBAN	A	0.01%	0.05%	0.01%
HCA	D	0.01%	0.06%	0.01%
HD	A	0.01%	0.34%	0.01%
HES	B	0.01%	0.02%	0.01%
HIG	C	0.01%	0.09%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	A	0.01%	0.49%	0.01%
HPE	B	0.01%	0.06%	0.01%
HPQ	B	0.01%	0.07%	0.01%
HRL	D	0.01%	0.08%	0.01%
HST	D	0.01%	0.01%	0.01%
HSY	F	0.01%	0.18%	0.01%
HUBB	B	0.01%	0.07%	0.01%
HUM	F	0.01%	0.2%	0.01%
IBM	D	0.01%	0.69%	0.01%
ICE	D	0.01%	0.14%	0.01%
IEX	B	0.01%	0.05%	0.01%
IFF	D	0.01%	0.02%	0.01%
ILMN	C	0.01%	0.01%	0.01%
INTC	C	0.01%	0.18%	0.01%
INTU	A	0.01%	0.04%	0.01%
INVH	D	0.01%	0.01%	0.01%
IP	A	0.01%	0.04%	0.01%
IPG	F	0.01%	0.02%	0.01%
ITW	B	0.01%	0.27%	0.01%
JBHT	B	0.01%	0.05%	0.01%
JBL	C	0.01%	0.03%	0.01%
JCI	A	0.01%	0.05%	0.01%
JNJ	D	0.01%	1.62%	0.01%
JNPR	D	0.01%	0.17%	0.01%
JPM	A	0.01%	1.01%	0.01%
K	B	0.01%	0.28%	0.01%
KDP	D	0.01%	0.24%	0.01%
KEY	A	0.01%	0.04%	0.01%
KEYS	C	0.01%	0.28%	0.01%
KIM	A	0.01%	0.02%	0.01%
KLAC	F	0.01%	0.32%	0.01%
KMB	C	0.01%	0.1%	0.01%
KMI	A	0.01%	0.06%	0.01%
KO	D	0.01%	0.82%	0.01%
KR	B	0.01%	0.32%	0.01%
L	A	0.01%	0.12%	0.01%
LDOS	C	0.01%	0.02%	0.01%
LEN	D	0.01%	0.06%	0.01%
LH	B	0.01%	0.03%	0.01%
LHX	B	0.01%	0.04%	0.01%
LII	B	0.01%	0.01%	0.01%
LIN	D	0.01%	0.15%	0.01%
LLY	F	0.01%	2.09%	0.01%
LMT	D	0.01%	0.75%	0.01%
LNT	A	0.01%	0.05%	0.01%
LOW	A	0.01%	0.12%	0.01%
LRCX	F	0.01%	0.33%	0.01%
LUV	A	0.01%	0.01%	0.01%
LVS	C	0.01%	0.01%	0.01%
LYB	F	0.01%	0.04%	0.01%
MA	A	0.01%	1.66%	0.01%
MAA	A	0.01%	0.01%	0.01%
MAR	A	0.01%	0.02%	0.01%
MAS	D	0.01%	0.01%	0.01%
MCD	D	0.01%	0.5%	0.01%
MCHP	F	0.01%	0.11%	0.01%
MCK	A	0.01%	0.6%	0.01%
MCO	C	0.01%	0.21%	0.01%
MDLZ	F	0.01%	0.22%	0.01%
MDT	D	0.01%	0.15%	0.01%
MET	A	0.01%	0.08%	0.01%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.01%	0.14%	0.01%
MLM	B	0.01%	0.02%	0.01%
MMC	C	0.01%	0.68%	0.01%
MMM	D	0.01%	0.28%	0.01%
MO	A	0.01%	0.06%	0.01%
MOS	D	0.01%	0.03%	0.01%
MPC	D	0.01%	0.31%	0.01%
MRK	F	0.01%	0.48%	0.01%
MRO	A	0.01%	0.04%	0.01%
MRVL	B	0.01%	0.02%	0.01%
MS	A	0.01%	0.19%	0.01%
MSFT	D	0.01%	2.68%	0.01%
MSI	A	0.01%	0.64%	0.01%
MTB	A	0.01%	0.08%	0.01%
MU	D	0.01%	0.08%	0.01%
NDAQ	A	0.01%	0.02%	0.01%
NEE	C	0.01%	0.09%	0.01%
NEM	F	0.01%	0.2%	0.01%
NI	A	0.01%	0.02%	0.01%
NKE	D	0.01%	0.27%	0.01%
NOC	D	0.01%	0.57%	0.01%
NOW	B	0.01%	0.26%	0.01%
NSC	B	0.01%	0.05%	0.01%
NTAP	D	0.01%	0.16%	0.01%
NTRS	A	0.01%	0.03%	0.01%
NUE	D	0.01%	0.08%	0.01%
NVDA	B	0.01%	2.8%	0.01%
NVR	D	0.01%	0.11%	0.01%
NXPI	F	0.01%	0.03%	0.01%
O	D	0.01%	0.04%	0.01%
OC	A	0.01%	0.02%	0.01%
OKE	A	0.01%	0.05%	0.01%
OMC	C	0.01%	0.07%	0.01%
ORCL	A	0.01%	0.54%	0.01%
ORLY	A	0.01%	0.25%	0.01%
OTIS	D	0.01%	0.04%	0.01%
PCAR	B	0.01%	0.06%	0.01%
PCG	A	0.01%	0.06%	0.01%
PEG	C	0.01%	0.04%	0.01%
PEP	F	0.01%	1.03%	0.01%
PFE	F	0.01%	0.34%	0.01%
PFG	C	0.01%	0.03%	0.01%
PG	C	0.01%	0.57%	0.01%
PGR	B	0.01%	0.65%	0.01%
PH	A	0.01%	0.04%	0.01%
PHM	D	0.01%	0.11%	0.01%
PKG	B	0.01%	0.09%	0.01%
PLD	D	0.01%	0.08%	0.01%
PM	A	0.01%	0.11%	0.01%
PNC	A	0.01%	0.16%	0.01%
PNR	A	0.01%	0.01%	0.01%
PPG	F	0.01%	0.02%	0.01%
PPL	A	0.01%	0.02%	0.01%
PRU	A	0.01%	0.08%	0.01%
PSA	C	0.01%	0.14%	0.01%
PSX	C	0.01%	0.14%	0.01%
PWR	A	0.01%	0.02%	0.01%
PYPL	A	0.01%	0.07%	0.01%
QCOM	F	0.01%	0.57%	0.01%
QRVO	F	0.01%	0.01%	0.01%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.01%	0.27%	0.01%
RF	A	0.01%	0.06%	0.01%
RJF	A	0.01%	0.03%	0.01%
ROK	A	0.01%	0.09%	0.01%
ROP	C	0.01%	0.47%	0.01%
ROST	D	0.01%	0.03%	0.01%
RPM	A	0.01%	0.01%	0.01%
RPRX	F	0.01%	0.01%	0.01%
RS	B	0.01%	0.03%	0.01%
RSG	B	0.01%	0.53%	0.01%
RTX	D	0.01%	0.19%	0.01%
SBUX	A	0.01%	0.06%	0.01%
SCHW	A	0.01%	0.06%	0.01%
SHW	B	0.01%	0.26%	0.01%
SJM	F	0.01%	0.02%	0.01%
SLB	C	0.01%	0.05%	0.01%
SNA	A	0.01%	0.06%	0.01%
SO	C	0.01%	0.53%	0.01%
SPG	A	0.01%	0.03%	0.01%
SPGI	C	0.01%	0.06%	0.01%
SRE	A	0.01%	0.06%	0.01%
STE	D	0.01%	0.01%	0.01%
STLD	B	0.01%	0.04%	0.01%
STT	A	0.01%	0.06%	0.01%
STZ	D	0.01%	0.02%	0.01%
SUI	D	0.01%	0.01%	0.01%
SWK	F	0.01%	0.02%	0.01%
SWKS	F	0.01%	0.05%	0.01%
SYF	A	0.01%	0.06%	0.01%
SYK	A	0.01%	0.05%	0.01%
SYY	D	0.01%	0.05%	0.01%
T	A	0.01%	0.66%	0.01%
TAP	A	0.01%	0.02%	0.01%
TDY	B	0.01%	0.22%	0.01%
TFC	A	0.01%	0.15%	0.01%
TGT	D	0.01%	0.1%	0.01%
TJX	A	0.01%	0.54%	0.01%
TMO	D	0.01%	0.11%	0.01%
TMUS	A	0.01%	0.76%	0.01%
TRMB	A	0.01%	0.01%	0.01%
TRV	A	0.01%	0.45%	0.01%
TSCO	D	0.01%	0.09%	0.01%
TSN	A	0.01%	0.27%	0.01%
TT	A	0.01%	0.26%	0.01%
TXN	C	0.01%	1.13%	0.01%
TXT	D	0.01%	0.02%	0.01%
UDR	C	0.01%	0.01%	0.01%
UHS	D	0.01%	0.02%	0.01%
UNH	B	0.01%	2.25%	0.01%
UNP	D	0.01%	0.08%	0.01%
UPS	C	0.01%	0.11%	0.01%
USB	B	0.01%	0.16%	0.01%
V	A	0.01%	1.85%	0.01%
VLO	C	0.01%	0.14%	0.01%
VMC	B	0.01%	0.02%	0.01%
VRSK	B	0.01%	0.15%	0.01%
VRSN	D	0.01%	0.22%	0.01%
VTR	C	0.01%	0.02%	0.01%
VTRS	A	0.01%	0.05%	0.01%
VZ	C	0.01%	0.77%	0.01%
WAB	B	0.01%	0.02%	0.01%
WBA	F	0.01%	0.07%	0.01%
WEC	A	0.01%	0.28%	0.01%
WELL	A	0.01%	0.04%	0.01%
WFC	A	0.01%	0.46%	0.01%
WLK	F	0.01%	0.01%	0.01%
WM	B	0.01%	0.52%	0.01%
WMB	A	0.01%	0.14%	0.01%
WMT	A	0.01%	0.93%	0.01%
WPC	D	0.01%	0.01%	0.01%
WRB	A	0.01%	0.12%	0.01%
WTRG	C	0.01%	0.01%	0.01%
WY	D	0.01%	0.03%	0.01%
XEL	A	0.01%	0.19%	0.01%
XOM	B	0.01%	0.81%	0.01%
XYL	D	0.01%	0.01%	0.01%
ZBH	C	0.01%	0.02%	0.01%
ZTS	D	0.01%	0.24%	0.01%

BND Overweight 176 Positions Relative to QUS

Symbol	Grade	Weight
WIT	B	0.09%
LXP	D	0.01%
PAA	A	0.01%
NFG	A	0.01%
OSK	C	0.01%
ORI	A	0.01%
OCSL	D	0.01%
NYC	C	0.01%
NWE	C	0.01%
MCY	A	0.01%
PDM	D	0.01%
GSBD	F	0.01%
HUN	F	0.01%
HRB	D	0.01%
HPP	F	0.01%
INGR	B	0.01%
JBLU	C	0.01%
ET	A	0.01%
FSK	A	0.01%
CAF	C	0.01%
BWA	A	0.01%
FHN	A	0.01%
CUBE	C	0.01%
FAF	C	0.01%
FLEX	B	0.01%
DSS	F	0.01%
COKE	C	0.01%
AL	A	0.01%
AYI	A	0.01%
AWH	F	0.01%
CM	B	0.01%
AVA	C	0.01%
AER	B	0.01%
CHI	B	0.01%
BLK	A	0.01%
BKH	A	0.01%
BIDU	F	0.01%
BHF	A	0.01%
BERY	D	0.01%
CP	D	0.01%
COO	D	0.01%
THG	A	0.01%
TEL	C	0.01%
ZION	A	0.01%
TME	F	0.01%
NOV	D	0.01%
NNN	D	0.01%
OHI	C	0.01%
OGS	A	0.01%
OGE	A	0.01%
LEA	F	0.01%
MPLX	A	0.01%
IVZ	B	0.01%
JLL	C	0.01%
GL	B	0.01%
JHG	A	0.01%
JEF	A	0.01%
JD	C	0.01%
KMT	B	0.01%
KMPR	A	0.01%
GBDC	A	0.01%
UNM	A	0.01%
WB	F	0.01%
UBS	B	0.01%
VNT	C	0.01%
WTFC	A	0.01%
R	A	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RL	B	0.01%
RIV	C	0.01%
SCS	A	0.01%
RGA	A	0.01%
REXR	F	0.01%
SAVE	F	0.01%
SAFE	F	0.01%
SON	D	0.01%
SNX	D	0.01%
SNV	A	0.01%
NHI	D	0.01%
NEU	C	0.01%
LNC	A	0.01%
MHK	D	0.01%
NVT	B	0.01%
GP	F	0.01%
HR	C	0.01%
HP	C	0.01%
HOG	D	0.01%
HIW	D	0.01%
HAS	D	0.01%
GXO	B	0.01%
ESGR	B	0.01%
EPRT	C	0.01%
EPR	D	0.01%
FRT	B	0.01%
BRX	A	0.01%
AAT	C	0.01%
AAP	D	0.01%
PECO	A	0.01%
EE	A	0.01%
DXC	C	0.01%
CTS	B	0.01%
FMC	F	0.01%
FLS	A	0.01%
FLO	D	0.01%
DOX	D	0.01%
BC	D	0.01%
COE	D	0.01%
CNO	A	0.01%
CNA	C	0.01%
AXS	A	0.01%
AVT	C	0.01%
CMA	A	0.01%
AGR	A	0.01%
AGO	A	0.01%
CHH	A	0.01%
BMO	A	0.01%
ARW	D	0.01%
ADC	A	0.01%
ARCC	A	0.01%
CBT	C	0.01%
AN	D	0.01%
CACC	D	0.01%
BDN	D	0.01%
BCSF	A	0.01%
AMG	A	0.01%
AAL	B	0.01%
XRAY	F	0.01%
TKR	F	0.01%
OPI	F	0.01%
LEG	F	0.01%
LAZ	B	0.01%
MP	B	0.01%
KEX	A	0.01%
KSS	F	0.01%
KRG	B	0.01%
KRC	C	0.01%
KOF	F	0.01%
WBS	A	0.01%
TSLX	D	0.01%
SWX	A	0.01%
VOYA	A	0.01%
VNO	B	0.01%
VMI	B	0.01%
STLA	F	0.01%
WU	F	0.01%
WEST	D	0.01%
VFC	B	0.01%
WHR	A	0.01%
PNW	A	0.01%
RYN	D	0.01%
SIGI	A	0.01%
RNR	D	0.01%
SF	A	0.01%
PSEC	F	0.01%
SBRA	C	0.01%
PRE	F	0.01%
MAIN	A	0.01%
UAL	A	0.01%
RY	C	0.01%
SCCO	F	0.01%
BHP	F	0.01%
DB	C	0.01%
EDC	F	0.01%
GSK	F	0.01%
EPD	A	0.01%
BNS	A	0.01%
EQNR	D	0.01%
BABA	D	0.01%
VOD	D	0.01%
AZN	F	0.01%
NWG	A	0.01%
MUFG	A	0.01%
TD	D	0.01%
HSBC	A	0.01%

BND Underweight 213 Positions Relative to QUS

Symbol	Grade	Weight
META	C	-2.41%
ACN	C	-1.16%
GOOG	B	-1.13%
BRK.A	A	-1.06%
VRTX	C	-0.62%
WCN	A	-0.52%
ANET	C	-0.41%
CTSH	B	-0.4%
COR	B	-0.36%
GDDY	A	-0.32%
FCNCA	A	-0.32%
PANW	B	-0.31%
FI	A	-0.3%
ELV	F	-0.3%
SNPS	C	-0.29%
TSLA	B	-0.27%
BAH	D	-0.24%
FFIV	B	-0.23%
CMG	B	-0.22%
INCY	B	-0.22%
FICO	A	-0.21%
CDW	F	-0.21%
GRMN	B	-0.2%
YUM	D	-0.19%
PTC	B	-0.18%
KHC	F	-0.18%
ROL	A	-0.17%
PAYX	B	-0.17%
ERIE	F	-0.17%
UBER	C	-0.17%
F	C	-0.16%
WDAY	B	-0.15%
FAST	B	-0.15%
WTW	B	-0.15%
CPRT	A	-0.14%
ODFL	B	-0.14%
MOH	F	-0.14%
AKAM	F	-0.14%
GEN	B	-0.13%
NFLX	A	-0.13%
IT	B	-0.13%
LULU	C	-0.12%
NBIX	D	-0.12%
MNST	D	-0.12%
IDXX	F	-0.12%
UTHR	B	-0.11%
WBD	B	-0.11%
MPWR	F	-0.1%
OXY	F	-0.1%
RMD	C	-0.1%
CNC	F	-0.09%
TPL	A	-0.09%
VEEV	C	-0.09%
TROW	A	-0.09%
EME	B	-0.08%
BLDR	D	-0.08%
HUBS	A	-0.08%
VLTO	D	-0.08%
ULTA	D	-0.08%
BMRN	F	-0.08%
ALNY	D	-0.08%
DECK	A	-0.08%
AMD	F	-0.07%
MANH	D	-0.07%
DPZ	C	-0.07%
TW	B	-0.07%
MELI	D	-0.07%
WAT	B	-0.07%
STX	D	-0.07%
HOLX	D	-0.07%
LPLA	A	-0.07%
WSO	A	-0.06%
WSM	F	-0.06%
SOLV	C	-0.06%
CRWD	B	-0.06%
EXPD	D	-0.06%
WST	C	-0.06%
GGG	A	-0.05%
GEV	A	-0.05%
TER	F	-0.05%
FDS	A	-0.05%
CBRE	B	-0.05%
LNG	A	-0.05%
VICI	C	-0.04%
PAYC	B	-0.04%
JKHY	D	-0.04%
KVUE	A	-0.04%
KNX	B	-0.04%
EPAM	B	-0.04%
BKR	A	-0.04%
URI	B	-0.04%
KKR	A	-0.04%
FCX	F	-0.04%
APA	F	-0.04%
BX	A	-0.04%
POOL	D	-0.04%
EQT	A	-0.03%
ENPH	F	-0.03%
KMX	B	-0.03%
SW	A	-0.03%
TTC	D	-0.03%
TRGP	A	-0.03%
ACI	C	-0.03%
PARA	C	-0.03%
AOS	F	-0.03%
NRG	B	-0.03%
FSLR	F	-0.03%
GEHC	D	-0.03%
SEIC	A	-0.03%
OVV	C	-0.03%
MKTX	C	-0.03%
CTRA	A	-0.03%
CEG	D	-0.03%
LW	C	-0.03%
SMCI	F	-0.03%
ISRG	A	-0.03%
CPAY	A	-0.02%
BALL	D	-0.02%
SSNC	D	-0.02%
CCK	D	-0.02%
MRNA	F	-0.02%
RVTY	D	-0.02%
ABNB	C	-0.02%
LKQ	D	-0.02%
IR	A	-0.02%
WDC	F	-0.02%
J	D	-0.02%
CRBG	B	-0.02%
VST	A	-0.02%
IQV	F	-0.02%
DINO	D	-0.02%
AME	A	-0.02%
ON	F	-0.02%
SQ	A	-0.02%
TTD	B	-0.01%
MTCH	F	-0.01%
RIVN	F	-0.01%
ENTG	F	-0.01%
TYL	B	-0.01%
BBWI	C	-0.01%
MTD	F	-0.01%
ALGN	D	-0.01%
LYV	A	-0.01%
PLTR	A	-0.01%
Z	A	-0.01%
NDSN	B	-0.01%
BIO	C	-0.01%
TFX	F	-0.01%
SBAC	D	-0.01%
VRT	A	-0.01%
ARES	B	-0.01%
CTLT	C	-0.01%
DVA	C	-0.01%
CSGP	F	-0.01%
MGM	D	-0.01%
UHAL	D	-0.01%
MSCI	A	-0.01%
DASH	B	-0.01%
ANSS	B	-0.01%
TDG	D	-0.01%
CRL	D	-0.01%
FOX	A	-0.01%
FBIN	D	-0.01%
RCL	A	-0.01%
HLT	A	-0.01%
TRU	D	-0.01%
IRM	D	-0.01%
AVTR	F	-0.01%
NWSA	B	-0.01%
COIN	A	-0.01%
TWLO	A	-0.01%
HSIC	D	-0.01%
BURL	C	-0.01%
ZBRA	B	-0.01%
TTWO	A	-0.01%
CCL	A	-0.01%
ACM	B	-0.01%
HWM	A	-0.01%
CHRD	F	-0.01%
DKS	D	-0.01%
ZM	B	-0.01%
CG	B	-0.01%
APP	A	-0.01%
CELH	F	-0.0%
IOT	B	-0.0%
ZS	B	-0.0%
TEAM	A	-0.0%
NET	C	-0.0%
RBLX	B	-0.0%
MDB	C	-0.0%
TOST	A	-0.0%
DKNG	B	-0.0%
BSY	D	-0.0%
DDOG	B	-0.0%
PSTG	F	-0.0%
SNAP	D	-0.0%
WYNN	D	-0.0%
DOCU	A	-0.0%
PODD	A	-0.0%
HEI	A	-0.0%
MSTR	B	-0.0%
EXAS	F	-0.0%
SNOW	C	-0.0%
DXCM	C	-0.0%
DAY	B	-0.0%
ROKU	D	-0.0%
PINS	F	-0.0%
HEI	A	-0.0%
ELS	B	-0.0%
OKTA	D	-0.0%
TECH	D	-0.0%
AXON	A	-0.0%
HOOD	A	-0.0%