BND vs. QWLD ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$126.49

Average Daily Volume

3,777

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	BND	QWLD
30 Days	-1.96%	-2.19%
60 Days	-3.59%	-0.95%
90 Days	-1.49%	1.55%
12 Months	6.48%	22.29%

374 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in QWLD	Overlap
A	D	0.01%	0.07%	0.01%
AAPL	C	0.01%	2.5%	0.01%
ABBV	F	0.01%	0.16%	0.01%
ABBV	F	0.01%	0.41%	0.01%
ABT	B	0.01%	0.09%	0.01%
ACGL	C	0.01%	0.25%	0.01%
ADBE	F	0.01%	0.42%	0.01%
ADI	D	0.01%	0.04%	0.01%
ADM	D	0.01%	0.05%	0.01%
ADP	B	0.01%	0.26%	0.01%
ADSK	B	0.01%	0.1%	0.01%
AEE	A	0.01%	0.08%	0.01%
AEP	C	0.01%	0.07%	0.01%
AER	B	0.01%	0.02%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	A	0.01%	0.02%	0.01%
AFL	C	0.01%	0.12%	0.01%
AIG	B	0.01%	0.07%	0.01%
AIZ	A	0.01%	0.08%	0.01%
AJG	A	0.01%	0.18%	0.01%
ALB	C	0.01%	0.01%	0.01%
ALL	A	0.01%	0.07%	0.01%
ALLE	D	0.01%	0.02%	0.01%
ALLY	C	0.01%	0.02%	0.01%
AMAT	F	0.01%	0.32%	0.01%
AMCR	C	0.01%	0.08%	0.01%
AMGN	D	0.01%	0.18%	0.01%
AMH	C	0.01%	0.0%	0.0%
AMP	A	0.01%	0.09%	0.01%
AMT	D	0.01%	0.02%	0.01%
AMZN	B	0.01%	0.37%	0.01%
AON	A	0.01%	0.17%	0.01%
APD	A	0.01%	0.03%	0.01%
APH	B	0.01%	0.43%	0.01%
APO	A	0.01%	0.02%	0.01%
APTV	F	0.01%	0.01%	0.01%
ARE	D	0.01%	0.01%	0.01%
ATO	A	0.01%	0.01%	0.01%
AVB	A	0.01%	0.01%	0.01%
AVGO	C	0.01%	0.12%	0.01%
AVY	D	0.01%	0.03%	0.01%
AWK	C	0.01%	0.01%	0.01%
AXP	A	0.01%	0.06%	0.01%
AZO	C	0.01%	0.29%	0.01%
BA	F	0.01%	0.01%	0.01%
BAC	A	0.01%	0.38%	0.01%
BAX	F	0.01%	0.01%	0.01%
BBY	C	0.01%	0.05%	0.01%
BDX	F	0.01%	0.08%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	D	0.01%	0.02%	0.01%
BIIB	F	0.01%	0.01%	0.01%
BK	A	0.01%	0.05%	0.01%
BKNG	A	0.01%	0.03%	0.01%
BMY	B	0.01%	0.21%	0.01%
BR	A	0.01%	0.04%	0.01%
BRO	B	0.01%	0.14%	0.01%
BSX	B	0.01%	0.02%	0.01%
BXP	D	0.01%	0.01%	0.01%
C	A	0.01%	0.25%	0.01%
CAG	F	0.01%	0.04%	0.01%
CAH	B	0.01%	0.12%	0.01%
CARR	D	0.01%	0.02%	0.01%
CAT	B	0.01%	0.39%	0.01%
CB	C	0.01%	0.38%	0.01%
CBOE	D	0.01%	0.24%	0.01%
CCI	D	0.01%	0.01%	0.01%
CDNS	B	0.01%	0.14%	0.01%
CE	F	0.01%	0.01%	0.01%
CF	A	0.01%	0.12%	0.01%
CFG	A	0.01%	0.04%	0.01%
CHD	A	0.01%	0.18%	0.01%
CHRW	A	0.01%	0.01%	0.01%
CHTR	B	0.01%	0.06%	0.01%
CI	D	0.01%	0.17%	0.01%
CINF	A	0.01%	0.02%	0.01%
CL	D	0.01%	0.19%	0.01%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.01%	0.17%	0.01%
CME	A	0.01%	0.15%	0.01%
CMI	A	0.01%	0.09%	0.01%
CMS	C	0.01%	0.05%	0.01%
CNH	D	0.01%	0.02%	0.01%
CNP	A	0.01%	0.01%	0.01%
COF	A	0.01%	0.1%	0.01%
COP	C	0.01%	0.1%	0.01%
COST	B	0.01%	0.75%	0.01%
CPB	D	0.01%	0.09%	0.01%
CPT	D	0.01%	0.0%	0.0%
CRM	A	0.01%	0.05%	0.01%
CSCO	B	0.01%	1.02%	0.01%
CSL	B	0.01%	0.03%	0.01%
CSX	B	0.01%	0.12%	0.01%
CTAS	B	0.01%	0.14%	0.01%
CTVA	D	0.01%	0.05%	0.01%
CVS	F	0.01%	0.18%	0.01%
CVX	A	0.01%	0.31%	0.01%
D	C	0.01%	0.06%	0.01%
DAL	A	0.01%	0.01%	0.01%
DD	D	0.01%	0.02%	0.01%
DE	D	0.01%	0.06%	0.01%
DELL	C	0.01%	0.01%	0.01%
DFS	A	0.01%	0.04%	0.01%
DG	F	0.01%	0.01%	0.01%
DGX	A	0.01%	0.1%	0.01%
DHI	D	0.01%	0.11%	0.01%
DHR	D	0.01%	0.05%	0.01%
DIS	A	0.01%	0.08%	0.01%
DLR	A	0.01%	0.02%	0.01%
DLTR	F	0.01%	0.01%	0.01%
DOC	D	0.01%	0.01%	0.01%
DOV	A	0.01%	0.05%	0.01%
DOW	F	0.01%	0.04%	0.01%
DRI	B	0.01%	0.03%	0.01%
DT	C	0.01%	0.0%	0.0%
DTE	C	0.01%	0.02%	0.01%
DUK	C	0.01%	0.36%	0.01%
DVN	F	0.01%	0.03%	0.01%
EA	A	0.01%	0.19%	0.01%
EBAY	D	0.01%	0.01%	0.01%
ECL	D	0.01%	0.01%	0.01%
ED	D	0.01%	0.36%	0.01%
EFX	F	0.01%	0.01%	0.01%
EG	D	0.01%	0.06%	0.01%
EIX	C	0.01%	0.02%	0.01%
EL	F	0.01%	0.01%	0.01%
EMN	C	0.01%	0.01%	0.01%
EMR	A	0.01%	0.03%	0.01%
EOG	A	0.01%	0.05%	0.01%
EQH	B	0.01%	0.01%	0.01%
EQIX	B	0.01%	0.01%	0.01%
EQR	C	0.01%	0.01%	0.01%
ES	C	0.01%	0.01%	0.01%
ESS	A	0.01%	0.01%	0.01%
ETN	A	0.01%	0.03%	0.01%
ETR	A	0.01%	0.03%	0.01%
EVRG	A	0.01%	0.01%	0.01%
EW	C	0.01%	0.07%	0.01%
EXC	C	0.01%	0.03%	0.01%
EXPE	A	0.01%	0.01%	0.01%
EXR	C	0.01%	0.01%	0.01%
FANG	D	0.01%	0.09%	0.01%
FDX	A	0.01%	0.07%	0.01%
FE	C	0.01%	0.01%	0.01%
FIS	B	0.01%	0.02%	0.01%
FITB	A	0.01%	0.03%	0.01%
FNF	C	0.01%	0.01%	0.01%
FOXA	A	0.01%	0.01%	0.01%
FTNT	A	0.01%	0.01%	0.01%
FTV	D	0.01%	0.01%	0.01%
GD	D	0.01%	0.19%	0.01%
GE	D	0.01%	0.31%	0.01%
GILD	B	0.01%	0.25%	0.01%
GIS	D	0.01%	0.33%	0.01%
GLPI	D	0.01%	0.01%	0.01%
GLW	B	0.01%	0.02%	0.01%
GM	A	0.01%	0.18%	0.01%
GOOGL	B	0.01%	1.08%	0.01%
GPC	D	0.01%	0.05%	0.01%
GPN	B	0.01%	0.02%	0.01%
GS	A	0.01%	0.17%	0.01%
GWW	A	0.01%	0.11%	0.01%
H	B	0.01%	0.0%	0.0%
HAL	C	0.01%	0.02%	0.01%
HBAN	A	0.01%	0.03%	0.01%
HCA	D	0.01%	0.04%	0.01%
HD	A	0.01%	0.14%	0.01%
HES	B	0.01%	0.01%	0.01%
HIG	C	0.01%	0.03%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	A	0.01%	0.25%	0.01%
HPE	B	0.01%	0.04%	0.01%
HPQ	B	0.01%	0.04%	0.01%
HRL	D	0.01%	0.09%	0.01%
HST	D	0.01%	0.01%	0.01%
HSY	F	0.01%	0.16%	0.01%
HUBB	B	0.01%	0.04%	0.01%
HUM	F	0.01%	0.16%	0.01%
IBM	D	0.01%	0.48%	0.01%
ICE	D	0.01%	0.03%	0.01%
IEX	B	0.01%	0.03%	0.01%
IFF	D	0.01%	0.01%	0.01%
ILMN	C	0.01%	0.0%	0.0%
INTC	C	0.01%	0.1%	0.01%
INTU	A	0.01%	0.25%	0.01%
INVH	D	0.01%	0.01%	0.01%
IP	A	0.01%	0.02%	0.01%
IPG	F	0.01%	0.02%	0.01%
ITW	B	0.01%	0.14%	0.01%
JBHT	B	0.01%	0.03%	0.01%
JBL	C	0.01%	0.02%	0.01%
JCI	A	0.01%	0.03%	0.01%
JNJ	D	0.01%	1.11%	0.01%
JNPR	D	0.01%	0.13%	0.01%
JPM	A	0.01%	0.59%	0.01%
K	B	0.01%	0.22%	0.01%
KDP	D	0.01%	0.14%	0.01%
KEY	A	0.01%	0.03%	0.01%
KEYS	C	0.01%	0.18%	0.01%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.01%	0.16%	0.01%
KMB	C	0.01%	0.11%	0.01%
KMI	A	0.01%	0.04%	0.01%
KO	D	0.01%	0.57%	0.01%
KR	B	0.01%	0.32%	0.01%
L	A	0.01%	0.17%	0.01%
LDOS	C	0.01%	0.01%	0.01%
LEN	D	0.01%	0.09%	0.01%
LH	B	0.01%	0.02%	0.01%
LHX	B	0.01%	0.03%	0.01%
LII	B	0.01%	0.0%	0.0%
LIN	D	0.01%	0.06%	0.01%
LLY	F	0.01%	1.17%	0.01%
LMT	D	0.01%	0.43%	0.01%
LNT	A	0.01%	0.03%	0.01%
LOW	A	0.01%	0.07%	0.01%
LRCX	F	0.01%	0.2%	0.01%
LUV	A	0.01%	0.0%	0.0%
LVS	C	0.01%	0.0%	0.0%
LYB	F	0.01%	0.03%	0.01%
MA	A	0.01%	0.7%	0.01%
MAA	A	0.01%	0.01%	0.01%
MAR	A	0.01%	0.01%	0.01%
MAS	D	0.01%	0.01%	0.01%
MCD	D	0.01%	0.41%	0.01%
MCHP	F	0.01%	0.06%	0.01%
MCK	A	0.01%	0.51%	0.01%
MCO	C	0.01%	0.12%	0.01%
MDLZ	F	0.01%	0.15%	0.01%
MDT	D	0.01%	0.06%	0.01%
MET	A	0.01%	0.05%	0.01%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.01%	0.12%	0.01%
MLM	B	0.01%	0.01%	0.01%
MMC	C	0.01%	0.51%	0.01%
MMM	D	0.01%	0.14%	0.01%
MO	A	0.01%	0.04%	0.01%
MOS	D	0.01%	0.02%	0.01%
MPC	D	0.01%	0.17%	0.01%
MRK	F	0.01%	0.44%	0.01%
MRO	A	0.01%	0.02%	0.01%
MRVL	B	0.01%	0.01%	0.01%
MS	A	0.01%	0.11%	0.01%
MSFT	D	0.01%	2.29%	0.01%
MSI	A	0.01%	0.61%	0.01%
MTB	A	0.01%	0.05%	0.01%
MU	D	0.01%	0.04%	0.01%
MUFG	A	0.01%	0.13%	0.01%
NDAQ	A	0.01%	0.01%	0.01%
NEE	C	0.01%	0.05%	0.01%
NEM	F	0.01%	0.04%	0.01%
NI	A	0.01%	0.01%	0.01%
NKE	D	0.01%	0.16%	0.01%
NOC	D	0.01%	0.33%	0.01%
NOW	B	0.01%	0.01%	0.01%
NSC	B	0.01%	0.03%	0.01%
NTAP	D	0.01%	0.04%	0.01%
NTRS	A	0.01%	0.02%	0.01%
NUE	D	0.01%	0.05%	0.01%
NVDA	B	0.01%	2.56%	0.01%
NVR	D	0.01%	0.06%	0.01%
NXPI	F	0.01%	0.02%	0.01%
O	D	0.01%	0.02%	0.01%
OC	A	0.01%	0.03%	0.01%
OKE	A	0.01%	0.03%	0.01%
OMC	C	0.01%	0.04%	0.01%
ORCL	A	0.01%	0.25%	0.01%
ORLY	A	0.01%	0.24%	0.01%
OTIS	D	0.01%	0.01%	0.01%
PCAR	B	0.01%	0.11%	0.01%
PCG	A	0.01%	0.03%	0.01%
PEG	C	0.01%	0.02%	0.01%
PEP	F	0.01%	0.79%	0.01%
PFE	F	0.01%	0.19%	0.01%
PFG	C	0.01%	0.02%	0.01%
PG	C	0.01%	0.89%	0.01%
PGR	B	0.01%	0.35%	0.01%
PH	A	0.01%	0.02%	0.01%
PHM	D	0.01%	0.06%	0.01%
PKG	B	0.01%	0.04%	0.01%
PLD	D	0.01%	0.04%	0.01%
PM	A	0.01%	0.07%	0.01%
PNC	A	0.01%	0.09%	0.01%
PNR	A	0.01%	0.03%	0.01%
PPG	F	0.01%	0.01%	0.01%
PPL	A	0.01%	0.01%	0.01%
PRU	A	0.01%	0.05%	0.01%
PSA	C	0.01%	0.08%	0.01%
PSX	C	0.01%	0.13%	0.01%
PWR	A	0.01%	0.01%	0.01%
PYPL	A	0.01%	0.04%	0.01%
QCOM	F	0.01%	0.34%	0.01%
QRVO	F	0.01%	0.0%	0.0%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.01%	0.33%	0.01%
RF	A	0.01%	0.03%	0.01%
RJF	A	0.01%	0.02%	0.01%
ROK	A	0.01%	0.06%	0.01%
ROP	C	0.01%	0.49%	0.01%
ROST	D	0.01%	0.02%	0.01%
RPM	A	0.01%	0.01%	0.01%
RPRX	F	0.01%	0.01%	0.01%
RS	B	0.01%	0.02%	0.01%
RSG	B	0.01%	0.45%	0.01%
RTX	D	0.01%	0.09%	0.01%
SBUX	A	0.01%	0.04%	0.01%
SCHW	A	0.01%	0.04%	0.01%
SHW	B	0.01%	0.14%	0.01%
SJM	F	0.01%	0.07%	0.01%
SLB	C	0.01%	0.03%	0.01%
SNA	A	0.01%	0.04%	0.01%
SO	C	0.01%	0.45%	0.01%
SPG	A	0.01%	0.02%	0.01%
SPGI	C	0.01%	0.03%	0.01%
SRE	A	0.01%	0.03%	0.01%
STE	D	0.01%	0.01%	0.01%
STLA	F	0.01%	0.08%	0.01%
STLD	B	0.01%	0.03%	0.01%
STT	A	0.01%	0.03%	0.01%
STZ	D	0.01%	0.01%	0.01%
SUI	D	0.01%	0.01%	0.01%
SWK	F	0.01%	0.01%	0.01%
SWKS	F	0.01%	0.03%	0.01%
SYF	A	0.01%	0.04%	0.01%
SYK	A	0.01%	0.03%	0.01%
SYY	D	0.01%	0.03%	0.01%
T	A	0.01%	0.38%	0.01%
TAP	A	0.01%	0.01%	0.01%
TD	D	0.01%	0.12%	0.01%
TDY	B	0.01%	0.06%	0.01%
TFC	A	0.01%	0.09%	0.01%
TGT	D	0.01%	0.14%	0.01%
TJX	A	0.01%	0.33%	0.01%
TMO	D	0.01%	0.06%	0.01%
TMUS	A	0.01%	0.73%	0.01%
TRMB	A	0.01%	0.01%	0.01%
TRV	A	0.01%	0.29%	0.01%
TSCO	D	0.01%	0.06%	0.01%
TSN	A	0.01%	0.13%	0.01%
TT	A	0.01%	0.14%	0.01%
TXN	C	0.01%	0.51%	0.01%
TXT	D	0.01%	0.01%	0.01%
UDR	C	0.01%	0.0%	0.0%
UHS	D	0.01%	0.01%	0.01%
UNH	B	0.01%	1.34%	0.01%
UNP	D	0.01%	0.27%	0.01%
UPS	C	0.01%	0.07%	0.01%
USB	B	0.01%	0.09%	0.01%
V	A	0.01%	1.19%	0.01%
VLO	C	0.01%	0.07%	0.01%
VMC	B	0.01%	0.01%	0.01%
VRSK	B	0.01%	0.01%	0.01%
VRSN	D	0.01%	0.14%	0.01%
VTR	C	0.01%	0.01%	0.01%
VTRS	A	0.01%	0.03%	0.01%
VZ	C	0.01%	0.56%	0.01%
WAB	B	0.01%	0.01%	0.01%
WBA	F	0.01%	0.04%	0.01%
WEC	A	0.01%	0.19%	0.01%
WELL	A	0.01%	0.02%	0.01%
WFC	A	0.01%	0.27%	0.01%
WLK	F	0.01%	0.0%	0.0%
WM	B	0.01%	0.52%	0.01%
WMB	A	0.01%	0.19%	0.01%
WMT	A	0.01%	0.75%	0.01%
WPC	D	0.01%	0.01%	0.01%
WRB	A	0.01%	0.14%	0.01%
WTRG	C	0.01%	0.01%	0.01%
WY	D	0.01%	0.02%	0.01%
XEL	A	0.01%	0.08%	0.01%
XOM	B	0.01%	0.47%	0.01%
XYL	D	0.01%	0.01%	0.01%
ZBH	C	0.01%	0.01%	0.01%
ZTS	D	0.01%	0.15%	0.01%

BND Overweight 172 Positions Relative to QWLD

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%
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%
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%
HSBC	A	0.01%

BND Underweight 235 Positions Relative to QWLD

Symbol	Grade	Weight
META	C	-2.14%
GOOG	B	-0.95%
NVS	D	-0.81%
BRK.A	A	-0.72%
ACN	C	-0.65%
NFLX	A	-0.51%
VRTX	C	-0.45%
COR	B	-0.42%
UL	D	-0.27%
WCN	A	-0.26%
ISRG	A	-0.25%
HSBH	A	-0.25%
GDDY	A	-0.23%
ELV	F	-0.22%
MFG	A	-0.22%
CTSH	B	-0.21%
KHC	F	-0.21%
ANET	C	-0.21%
BAH	D	-0.18%
PANW	B	-0.18%
CHKP	D	-0.17%
INCY	B	-0.16%
UTHR	B	-0.16%
FFIV	B	-0.16%
YUM	D	-0.15%
TSLA	B	-0.14%
TM	F	-0.14%
SNPS	C	-0.13%
AKAM	F	-0.13%
CMG	B	-0.13%
FCNCA	A	-0.12%
GEN	B	-0.12%
E	F	-0.12%
ERIE	F	-0.12%
DEO	F	-0.11%
BCS	A	-0.11%
NBIX	D	-0.11%
SMFG	A	-0.1%
CNI	F	-0.1%
PAYX	B	-0.1%
LYG	C	-0.09%
FAST	B	-0.09%
F	C	-0.09%
KVUE	A	-0.08%
CPRT	A	-0.08%
ROL	A	-0.08%
SONY	D	-0.08%
CDW	F	-0.08%
PTC	B	-0.08%
ODFL	B	-0.08%
FI	A	-0.08%
ULTA	D	-0.07%
JKHY	D	-0.07%
MNST	D	-0.07%
HMC	F	-0.07%
LULU	C	-0.07%
BMRN	F	-0.07%
IDXX	F	-0.07%
WTW	B	-0.07%
MPWR	F	-0.06%
WBD	B	-0.06%
LOGI	F	-0.06%
DPZ	C	-0.06%
MOH	F	-0.06%
VEEV	C	-0.05%
VLTO	D	-0.05%
DECK	A	-0.05%
DINO	D	-0.05%
MT	B	-0.05%
CNC	F	-0.05%
LNG	A	-0.05%
TROW	A	-0.05%
RMD	C	-0.05%
TPL	A	-0.05%
GRMN	B	-0.05%
IT	B	-0.04%
AMD	F	-0.04%
EXPD	D	-0.04%
WST	C	-0.04%
MANH	D	-0.04%
WDAY	B	-0.04%
TRGP	A	-0.04%
WAT	B	-0.04%
FICO	A	-0.04%
EME	B	-0.04%
LPLA	A	-0.04%
BLDR	D	-0.04%
BTI	C	-0.04%
GGG	A	-0.03%
TER	F	-0.03%
BX	A	-0.03%
FCX	F	-0.03%
FDS	A	-0.03%
APA	F	-0.03%
CBRE	B	-0.03%
POOL	D	-0.03%
SW	A	-0.03%
SOLV	C	-0.03%
WSO	A	-0.03%
WSM	F	-0.03%
OXY	F	-0.03%
PARA	C	-0.02%
NRG	B	-0.02%
ACI	C	-0.02%
NMR	B	-0.02%
TTC	D	-0.02%
MKTX	C	-0.02%
SEIC	A	-0.02%
AOS	F	-0.02%
GEHC	D	-0.02%
OVV	C	-0.02%
SMCI	F	-0.02%
CEG	D	-0.02%
ENPH	F	-0.02%
CTRA	A	-0.02%
VICI	C	-0.02%
EPAM	B	-0.02%
PAYC	B	-0.02%
NDSN	B	-0.02%
DKS	D	-0.02%
BKR	A	-0.02%
URI	B	-0.02%
KKR	A	-0.02%
GEV	A	-0.02%
ARES	B	-0.01%
MGM	D	-0.01%
CTLT	C	-0.01%
DVA	C	-0.01%
FSLR	F	-0.01%
UHAL	D	-0.01%
SBAC	D	-0.01%
RCL	A	-0.01%
FBIN	D	-0.01%
TTWO	A	-0.01%
FOX	A	-0.01%
BURL	C	-0.01%
COIN	A	-0.01%
NWSA	B	-0.01%
IRM	D	-0.01%
TRU	D	-0.01%
CCL	A	-0.01%
TWLO	A	-0.01%
MBAVU	A	-0.01%
AVTR	F	-0.01%
HLT	A	-0.01%
HSIC	D	-0.01%
STX	D	-0.01%
CCEP	D	-0.01%
CG	B	-0.01%
ZM	B	-0.01%
HWM	A	-0.01%
ACM	B	-0.01%
RVTY	D	-0.01%
AGCO	D	-0.01%
CHRD	F	-0.01%
CCK	D	-0.01%
ZBRA	B	-0.01%
BALL	D	-0.01%
CPAY	A	-0.01%
SE	B	-0.01%
SSNC	D	-0.01%
LKQ	D	-0.01%
WFG	D	-0.01%
TDG	D	-0.01%
IR	A	-0.01%
ABNB	C	-0.01%
KNX	B	-0.01%
HOLX	D	-0.01%
MRNA	F	-0.01%
WDC	F	-0.01%
VST	A	-0.01%
BSY	D	-0.01%
J	D	-0.01%
UBER	C	-0.01%
AME	A	-0.01%
IQV	F	-0.01%
CRBG	B	-0.01%
SQ	A	-0.01%
EQT	A	-0.01%
MELI	D	-0.01%
ON	F	-0.01%
KMX	B	-0.01%
GLBE	B	-0.0%
IOT	B	-0.0%
NET	C	-0.0%
XRX	F	-0.0%
TOST	A	-0.0%
RBLX	B	-0.0%
DKNG	B	-0.0%
DDOG	B	-0.0%
SNAP	D	-0.0%
PSTG	F	-0.0%
HEI	A	-0.0%
FUTU	C	-0.0%
PODD	A	-0.0%
DOCU	A	-0.0%
SNOW	C	-0.0%
GRAB	A	-0.0%
PINS	F	-0.0%
MSTR	B	-0.0%
DAY	B	-0.0%
WYNN	D	-0.0%
EXAS	F	-0.0%
DXCM	C	-0.0%
ROKU	D	-0.0%
TECH	D	-0.0%
CRWD	B	-0.0%
OKTA	D	-0.0%
APP	A	-0.0%
TYL	B	-0.0%
Z	A	-0.0%
HOOD	A	-0.0%
ELS	B	-0.0%
TTD	B	-0.0%
HEI	A	-0.0%
TW	B	-0.0%
RIVN	F	-0.0%
ENTG	F	-0.0%
AXON	A	-0.0%
LYV	A	-0.0%
MSCI	A	-0.0%
PLTR	A	-0.0%
VRT	A	-0.0%
QGEN	D	-0.0%
BBWI	C	-0.0%
LW	C	-0.0%
CSGP	F	-0.0%
TFX	F	-0.0%
MTCH	F	-0.0%
OTEX	F	-0.0%
ANSS	B	-0.0%
ALGN	D	-0.0%
CRL	D	-0.0%
BIO	C	-0.0%
DASH	B	-0.0%