DTD vs. QLC ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to FlexShares US Quality Large Cap Index Fund (QLC)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$76.26

Average Daily Volume

20,939

Number of Holdings ^*

805

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.51

Average Daily Volume

38,957

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	DTD	QLC
30 Days	3.09%	2.03%
60 Days	5.11%	3.65%
90 Days	7.85%	5.01%
12 Months	26.12%	33.13%

123 Overlapping Holdings

Symbol	Grade	Weight in DTD	Weight in QLC	Overlap
AAPL	C	3.18%	7.79%	3.18%
ABBV	C	2.38%	0.23%	0.23%
ABT	C	0.45%	0.14%	0.14%
ADI	C	0.24%	0.54%	0.24%
ADM	D	0.09%	0.02%	0.02%
ADP	B	0.33%	0.05%	0.05%
AFL	C	0.27%	0.63%	0.27%
AIG	D	0.14%	0.52%	0.14%
ALLY	F	0.05%	0.32%	0.05%
AMAT	D	0.15%	0.77%	0.15%
AMGN	B	0.64%	0.67%	0.64%
AOS	D	0.03%	0.1%	0.03%
AVB	B	0.17%	0.59%	0.17%
AVGO	C	2.4%	1.8%	1.8%
BAC	D	1.09%	1.3%	1.09%
BBY	C	0.12%	0.21%	0.12%
BK	B	0.22%	0.62%	0.22%
BKNG	C	0.25%	0.57%	0.25%
BMY	C	0.5%	0.4%	0.4%
C	C	0.56%	1.1%	0.56%
CAH	C	0.06%	0.21%	0.06%
CAT	B	0.42%	0.89%	0.42%
CE	F	0.04%	0.12%	0.04%
CI	C	0.24%	0.9%	0.24%
CL	D	0.37%	0.39%	0.37%
CMCSA	D	0.83%	0.75%	0.75%
CMI	C	0.14%	0.27%	0.14%
COF	B	0.13%	0.57%	0.13%
CRBG	D	0.09%	0.08%	0.08%
CRM	D	0.2%	0.03%	0.03%
CSCO	C	1.15%	1.14%	1.14%
CSL	B	0.04%	0.34%	0.04%
CTSH	C	0.08%	0.36%	0.08%
DELL	D	0.06%	0.3%	0.06%
DFS	B	0.1%	0.14%	0.1%
DHR	B	0.17%	0.05%	0.05%
EA	D	0.04%	0.27%	0.04%
EBAY	B	0.1%	0.51%	0.1%
ED	C	0.22%	0.57%	0.22%
EIX	C	0.16%	0.23%	0.16%
ELV	C	0.19%	0.17%	0.17%
EME	B	0.01%	0.1%	0.01%
EMR	D	0.16%	0.02%	0.02%
EQR	B	0.11%	0.49%	0.11%
ESS	B	0.06%	0.57%	0.06%
ETR	B	0.2%	0.59%	0.2%
EVRG	B	0.09%	0.03%	0.03%
EXC	C	0.16%	0.41%	0.16%
EXPD	C	0.04%	0.4%	0.04%
FIS	B	0.21%	0.35%	0.21%
FITB	B	0.14%	0.25%	0.14%
GE	B	0.16%	1.01%	0.16%
GEHC	C	0.04%	0.08%	0.04%
GILD	B	0.45%	0.15%	0.15%
GIS	B	0.19%	0.42%	0.19%
GOOG	D	0.52%	2.7%	0.52%
GOOGL	D	0.79%	2.73%	0.79%
GS	C	0.58%	0.57%	0.57%
GWW	B	0.09%	0.56%	0.09%
HCA	B	0.12%	0.22%	0.12%
HD	B	1.73%	0.65%	0.65%
HST	C	0.04%	0.46%	0.04%
INTU	C	0.17%	1.08%	0.17%
ITW	C	0.29%	0.75%	0.29%
JBL	D	0.01%	0.23%	0.01%
JNJ	C	2.09%	1.67%	1.67%
JPM	D	2.81%	1.83%	1.83%
KLAC	D	0.12%	0.83%	0.12%
KMB	D	0.3%	0.48%	0.3%
KR	C	0.16%	0.47%	0.16%
LAMR	B	0.06%	0.02%	0.02%
LDOS	B	0.04%	0.55%	0.04%
LEN	B	0.07%	0.11%	0.07%
LLY	C	0.77%	1.49%	0.77%
LMT	C	0.48%	0.65%	0.48%
LOW	B	0.56%	0.45%	0.45%
LRCX	F	0.13%	0.83%	0.13%
MAA	B	0.07%	0.02%	0.02%
MAS	B	0.06%	0.26%	0.06%
MCHP	F	0.09%	0.28%	0.09%
MCK	F	0.07%	0.69%	0.07%
MET	B	0.22%	0.52%	0.22%
META	B	0.88%	2.32%	0.88%
MO	C	0.71%	0.29%	0.29%
MPC	F	0.24%	0.59%	0.24%
MRK	D	0.98%	1.1%	0.98%
MS	D	0.8%	0.53%	0.53%
MSFT	C	2.96%	5.1%	2.96%
NRG	C	0.07%	0.43%	0.07%
NTAP	D	0.09%	0.18%	0.09%
NUE	F	0.05%	0.4%	0.05%
NVDA	D	2.05%	5.76%	2.05%
OMC	B	0.08%	0.42%	0.08%
ORCL	C	0.67%	1.03%	0.67%
OXY	F	0.07%	0.22%	0.07%
PAYX	C	0.24%	0.15%	0.15%
PCAR	D	0.25%	0.27%	0.25%
PEG	B	0.26%	0.6%	0.26%
PG	C	1.78%	1.36%	1.36%
PHM	B	0.06%	0.26%	0.06%
PM	C	1.23%	0.56%	0.56%
PPL	C	0.1%	0.57%	0.1%
PRU	C	0.24%	0.27%	0.24%
PSA	B	0.29%	0.54%	0.29%
PSX	F	0.21%	0.19%	0.19%
QCOM	D	0.45%	0.72%	0.45%
RMD	C	0.05%	0.42%	0.05%
ROP	C	0.05%	0.03%	0.03%
SO	B	0.44%	0.9%	0.44%
SPG	B	0.38%	0.61%	0.38%
STLD	F	0.04%	0.4%	0.04%
STT	A	0.12%	0.4%	0.12%
SYF	C	0.07%	0.43%	0.07%
SYK	C	0.25%	0.05%	0.05%
TAP	D	0.04%	0.26%	0.04%
TGT	C	0.25%	0.07%	0.07%
TXT	D	0.02%	0.02%	0.02%
UPS	D	0.44%	0.37%	0.37%
VLO	F	0.17%	0.53%	0.17%
WAB	B	0.03%	0.26%	0.03%
WFC	D	0.68%	0.33%	0.33%
WSM	D	0.06%	0.16%	0.06%
WY	C	0.05%	0.47%	0.05%

DTD Overweight 682 Positions Relative to QLC

Symbol	Grade	Weight
XOM	C	2.41%
KO	C	1.68%
WMT	C	1.59%
CVX	D	1.41%
IBM	B	1.29%
PEP	C	1.28%
UNH	C	1.28%
MCD	B	0.87%
TMUS	C	0.68%
TXN	C	0.66%
V	C	0.65%
RTX	C	0.57%
HON	D	0.49%
MA	B	0.45%
COST	B	0.45%
DUK	C	0.44%
MDLZ	B	0.44%
UNP	C	0.4%
USB	B	0.39%
EOG	D	0.39%
BLK	B	0.39%
PLD	C	0.39%
TJX	B	0.36%
AMT	C	0.35%
PNC	B	0.35%
BX	B	0.34%
D	C	0.34%
SBUX	C	0.33%
OKE	B	0.33%
COP	D	0.31%
WMB	B	0.3%
AXP	B	0.3%
VICI	C	0.29%
O	C	0.29%
CCI	C	0.29%
MMC	C	0.28%
AEP	C	0.28%
CVS	D	0.28%
KHC	C	0.24%
DOW	D	0.23%
WM	D	0.23%
ICE	C	0.23%
XEL	B	0.22%
KVUE	C	0.21%
TMO	B	0.2%
GD	B	0.2%
SYY	D	0.19%
CME	C	0.19%
DE	B	0.19%
SRE	C	0.19%
SCHW	D	0.19%
WELL	C	0.19%
SPGI	B	0.18%
APD	B	0.18%
KDP	B	0.17%
EXR	B	0.17%
EQIX	C	0.17%
DLR	B	0.17%
PH	B	0.17%
DIS	D	0.16%
NSC	C	0.16%
GLW	C	0.16%
FDX	C	0.16%
FAST	C	0.16%
CTAS	B	0.15%
APO	C	0.15%
ALL	B	0.15%
NKE	D	0.15%
ZTS	C	0.14%
HIG	B	0.14%
APH	D	0.14%
K	B	0.14%
HPQ	D	0.14%
TRV	C	0.14%
NOC	B	0.14%
MSI	B	0.14%
MAR	C	0.13%
BDX	D	0.13%
FE	C	0.13%
SHW	B	0.13%
ES	C	0.13%
PGR	B	0.13%
MTB	B	0.13%
RF	B	0.13%
ECL	B	0.13%
AEE	C	0.12%
YUM	D	0.12%
AMP	A	0.12%
TROW	D	0.12%
IRM	C	0.12%
STZ	D	0.12%
VST	C	0.11%
KKR	B	0.11%
WEC	C	0.11%
MCO	B	0.11%
LHX	C	0.11%
DRI	B	0.11%
HBAN	B	0.11%
ATO	B	0.1%
BKR	C	0.1%
PKG	B	0.1%
DTE	C	0.1%
OTIS	C	0.1%
CARR	B	0.1%
CSX	D	0.1%
RSG	D	0.1%
VTRS	D	0.09%
ARE	C	0.09%
TRGP	B	0.09%
VTR	C	0.09%
HSY	C	0.09%
PFG	B	0.09%
DD	B	0.09%
PPG	D	0.09%
GM	C	0.09%
FANG	D	0.09%
IP	B	0.09%
ARES	B	0.09%
MU	F	0.08%
FNF	B	0.08%
PNW	C	0.08%
DHI	B	0.08%
CLX	C	0.08%
NTRS	A	0.08%
TSN	C	0.08%
CAG	C	0.08%
TSCO	C	0.08%
GPC	D	0.07%
ORI	B	0.07%
CUBE	B	0.07%
MKC	C	0.07%
AM	C	0.07%
NDAQ	A	0.07%
SNA	C	0.07%
AWK	B	0.07%
URI	B	0.07%
LVS	D	0.07%
WPC	C	0.07%
GLPI	C	0.07%
BR	D	0.07%
ROST	C	0.07%
WRB	C	0.07%
CEG	C	0.07%
CMS	C	0.07%
HRL	C	0.07%
LNG	C	0.07%
CINF	B	0.07%
AJG	D	0.07%
LUV	C	0.06%
OGE	C	0.06%
BEN	F	0.06%
CNA	C	0.06%
EQT	D	0.06%
RGA	C	0.06%
HES	F	0.06%
ROK	D	0.06%
NI	B	0.06%
CPB	C	0.06%
CG	D	0.06%
IPG	C	0.06%
SWK	B	0.06%
LNT	B	0.06%
HPE	D	0.06%
INGR	B	0.05%
FOX	B	0.05%
XYL	C	0.05%
HUBB	B	0.05%
CHRD	F	0.05%
RJF	C	0.05%
DKS	D	0.05%
LII	B	0.05%
RS	D	0.05%
EQH	C	0.05%
ERIE	B	0.05%
UNM	B	0.05%
KIM	C	0.05%
TPR	C	0.05%
SWKS	D	0.05%
NNN	C	0.05%
HAL	F	0.05%
JNPR	B	0.05%
TXRH	C	0.05%
UDR	C	0.05%
INVH	C	0.05%
HLT	B	0.05%
EWBC	D	0.05%
CMA	B	0.05%
SJM	C	0.05%
HRB	C	0.05%
WSO	C	0.05%
CNP	C	0.05%
MSCI	C	0.05%
CBOE	C	0.05%
DOV	B	0.05%
JEF	B	0.05%
EMN	B	0.05%
VRSK	D	0.04%
PCG	C	0.04%
HWM	B	0.04%
EFX	B	0.04%
BPOP	C	0.04%
SNV	C	0.04%
WU	F	0.04%
A	C	0.04%
AVA	C	0.04%
SSNC	B	0.04%
WBS	D	0.04%
UGI	C	0.04%
BALL	C	0.04%
ITT	B	0.04%
FHB	D	0.04%
CHRW	B	0.04%
HUM	F	0.04%
DAL	C	0.04%
FNB	C	0.04%
PWR	B	0.04%
BRO	C	0.04%
BKH	B	0.04%
CF	C	0.04%
BAH	C	0.04%
ODFL	D	0.04%
SUI	B	0.04%
ACI	F	0.04%
OVV	F	0.04%
MLM	D	0.04%
SW	B	0.04%
RDN	C	0.04%
OGN	D	0.04%
MTG	B	0.04%
EVR	A	0.04%
LNC	D	0.04%
MPWR	C	0.04%
CIVI	F	0.04%
VMC	D	0.04%
AME	C	0.04%
BRX	B	0.04%
FRT	C	0.04%
NWE	B	0.04%
OMF	D	0.04%
CHD	D	0.04%
CDW	D	0.04%
DGX	B	0.04%
OWL	C	0.04%
DTM	B	0.04%
ROL	C	0.04%
IR	C	0.04%
JXN	A	0.04%
PNM	B	0.03%
FCNCA	D	0.03%
NWSA	D	0.03%
SF	A	0.03%
POOL	C	0.03%
TKR	D	0.03%
COLB	B	0.03%
SAIC	C	0.03%
AUB	D	0.03%
SBAC	C	0.03%
VCTR	B	0.03%
FTV	C	0.03%
EHC	C	0.03%
APA	F	0.03%
WST	D	0.03%
MSM	D	0.03%
R	A	0.03%
REG	C	0.03%
NXST	D	0.03%
FLS	D	0.03%
ALSN	B	0.03%
WSBC	D	0.03%
VGR	B	0.03%
OZK	D	0.03%
CBT	B	0.03%
DCI	C	0.03%
CPT	B	0.03%
AIT	A	0.03%
GAP	F	0.03%
OFG	C	0.03%
ASB	D	0.03%
WEN	C	0.03%
BANR	B	0.03%
AIZ	B	0.03%
KBH	A	0.03%
REYN	C	0.03%
SFNC	B	0.03%
DPZ	F	0.03%
WLK	D	0.03%
SR	B	0.03%
AROC	D	0.03%
ACT	B	0.03%
MLI	A	0.03%
MC	B	0.03%
SCI	B	0.03%
JWN	C	0.03%
ALE	B	0.03%
WAL	B	0.03%
LECO	F	0.03%
VLY	C	0.03%
OGS	B	0.03%
FBP	C	0.03%
PFS	B	0.03%
HOMB	B	0.03%
CFR	C	0.03%
GPK	B	0.03%
PB	B	0.03%
FIBK	B	0.03%
RL	C	0.03%
CCOI	C	0.03%
HII	D	0.03%
PRI	B	0.03%
POR	C	0.03%
SON	C	0.03%
ZION	D	0.03%
AFG	B	0.03%
TFSL	C	0.03%
AVY	C	0.03%
PATK	B	0.03%
FLO	C	0.03%
FAF	B	0.03%
AWR	B	0.03%
HEI	B	0.03%
MTN	D	0.03%
PAG	D	0.03%
GPN	D	0.03%
OC	D	0.03%
CHK	D	0.03%
HLI	B	0.03%
MRO	C	0.03%
DINO	F	0.03%
NFG	B	0.03%
UI	B	0.03%
RPM	B	0.03%
WTRG	D	0.03%
LKQ	F	0.03%
SEIC	C	0.02%
SSD	D	0.02%
SHOO	B	0.02%
CCK	A	0.02%
NSP	F	0.02%
BYD	C	0.02%
HTH	C	0.02%
TTEK	C	0.02%
AEO	F	0.02%
IBTX	B	0.02%
ACM	B	0.02%
BCO	B	0.02%
KFY	B	0.02%
LW	D	0.02%
CAKE	C	0.02%
LEA	F	0.02%
M	F	0.02%
MATX	B	0.02%
BC	C	0.02%
SEM	D	0.02%
HAFC	C	0.02%
AL	D	0.02%
WSFS	D	0.02%
WAFD	C	0.02%
BKE	B	0.02%
VLTO	C	0.02%
PFSI	C	0.02%
RHI	D	0.02%
BRKL	C	0.02%
WMS	D	0.02%
IDCC	B	0.02%
BERY	B	0.02%
CMC	D	0.02%
SPB	C	0.02%
FR	B	0.02%
MWA	B	0.02%
MGY	C	0.02%
NBHC	D	0.02%
UBSI	B	0.02%
TKO	B	0.02%
OTTR	F	0.02%
MRTN	D	0.02%
ARMK	B	0.02%
PINC	C	0.02%
VRTS	F	0.02%
TRMK	C	0.02%
BWA	D	0.02%
CRC	C	0.02%
OSK	F	0.02%
KNTK	B	0.02%
LPLA	D	0.02%
GNTX	F	0.02%
BRC	C	0.02%
IPAR	F	0.02%
FCF	C	0.02%
NYT	C	0.02%
CWEN	C	0.02%
EXP	B	0.02%
ADTN	D	0.02%
OCFC	B	0.02%
CVBF	D	0.02%
PEBO	C	0.02%
XRAY	D	0.02%
VIRT	C	0.02%
FFBC	D	0.02%
CVI	F	0.02%
RHP	C	0.02%
RRX	C	0.02%
LPX	B	0.02%
WWD	D	0.02%
IDA	C	0.02%
KMT	B	0.02%
MOS	F	0.02%
NDSN	C	0.02%
BBWI	F	0.02%
HNI	C	0.02%
STC	B	0.02%
BNL	B	0.02%
FULT	D	0.02%
TER	D	0.02%
HUN	D	0.02%
NEU	D	0.02%
GBCI	B	0.02%
CBU	C	0.02%
THO	D	0.02%
TPG	B	0.02%
NSA	B	0.02%
IBOC	D	0.02%
SLM	D	0.02%
CADE	C	0.02%
SBRA	C	0.02%
PRGS	C	0.02%
SSB	B	0.02%
LCII	C	0.02%
CBSH	C	0.02%
JBHT	D	0.02%
ALB	D	0.02%
ONB	C	0.02%
FCPT	C	0.02%
TRN	D	0.02%
UFPI	C	0.02%
EPR	B	0.02%
ESI	D	0.02%
TW	B	0.02%
LANC	D	0.02%
RUSHA	C	0.02%
VOYA	B	0.02%
AWI	B	0.02%
LSTR	D	0.02%
AMH	C	0.02%
TRST	C	0.02%
CCS	B	0.02%
NOG	D	0.02%
TMP	C	0.02%
FDS	C	0.02%
TNL	D	0.02%
KTB	B	0.02%
QCRH	B	0.02%
SWX	C	0.02%
CASY	D	0.02%
MUR	F	0.02%
WH	B	0.02%
AVNT	B	0.02%
RGLD	C	0.02%
CRI	D	0.02%
TTC	D	0.02%
FBMS	B	0.02%
GEF	D	0.02%
BUSE	C	0.02%
IEX	D	0.02%
GTY	B	0.02%
JKHY	B	0.02%
ELS	C	0.02%
SASR	B	0.02%
ZBH	F	0.02%
STBA	B	0.02%
UHS	B	0.02%
J	C	0.02%
STAG	C	0.02%
CNO	B	0.02%
ATR	B	0.02%
CATY	C	0.02%
HLNE	B	0.02%
BWXT	D	0.02%
GGG	C	0.02%
MDU	C	0.02%
NJR	B	0.02%
BANF	B	0.02%
BOKF	B	0.02%
AVT	C	0.02%
PII	D	0.02%
TPL	B	0.02%
CNS	B	0.02%
VRT	C	0.02%
SMG	C	0.02%
NUS	F	0.01%
CHCO	B	0.01%
CABO	F	0.01%
IIPR	B	0.01%
HI	F	0.01%
BGS	D	0.01%
WMG	D	0.01%
IRDM	D	0.01%
DAN	F	0.01%
UWMC	D	0.01%
GBX	C	0.01%
DK	F	0.01%
LZB	C	0.01%
BMI	A	0.01%
AESI	C	0.01%
PRDO	D	0.01%
TEX	F	0.01%
DLB	D	0.01%
IBP	D	0.01%
WINA	D	0.01%
TOL	B	0.01%
POWL	C	0.01%
SCL	D	0.01%
COKE	C	0.01%
HEES	D	0.01%
DLX	D	0.01%
PBI	D	0.01%
LXP	B	0.01%
DIN	F	0.01%
ENS	D	0.01%
VSH	F	0.01%
GES	F	0.01%
WWW	B	0.01%
PCH	C	0.01%
AAON	B	0.01%
WOR	D	0.01%
MLKN	D	0.01%
KNSL	C	0.01%
MUSA	D	0.01%
CHH	C	0.01%
AGM	D	0.01%
SFBS	B	0.01%
OXM	F	0.01%
SCS	D	0.01%
BTU	D	0.01%
WCC	D	0.01%
MCRI	C	0.01%
HXL	F	0.01%
CRGY	D	0.01%
KALU	F	0.01%
ORA	C	0.01%
FIX	B	0.01%
GL	C	0.01%
CHE	C	0.01%
CWEN	C	0.01%
ENR	D	0.01%
KRO	D	0.01%
COLD	D	0.01%
GRNT	D	0.01%
BRKR	D	0.01%
SLGN	B	0.01%
LBRT	D	0.01%
MTDR	F	0.01%
X	F	0.01%
HMN	D	0.01%
BLMN	F	0.01%
PTVE	D	0.01%
BOH	D	0.01%
HP	F	0.01%
RLI	B	0.01%
AMSF	C	0.01%
LEVI	C	0.01%
KRC	B	0.01%
BHE	D	0.01%
COLM	C	0.01%
UCBI	B	0.01%
CC	F	0.01%
ASH	D	0.01%
SSBK	C	0.01%
JBT	D	0.01%
JJSF	C	0.01%
EGBN	C	0.01%
CNXC	F	0.01%
MORN	C	0.01%
VMI	D	0.01%
PAYC	D	0.01%
AZZ	D	0.01%
PNFP	B	0.01%
HOG	C	0.01%
SAFT	D	0.01%
CACC	F	0.01%
SIGI	D	0.01%
WERN	D	0.01%
CFFN	D	0.01%
MKTX	C	0.01%
PFBC	D	0.01%
UVV	D	0.01%
WTFC	B	0.01%
FG	D	0.01%
OLED	C	0.01%
NAVI	C	0.01%
LEG	D	0.01%
RRR	D	0.01%
CHDN	C	0.01%
AMKR	F	0.01%
EGP	B	0.01%
KBR	D	0.01%
ABM	D	0.01%
SRCE	C	0.01%
WMK	C	0.01%
PBF	F	0.01%
CRS	B	0.01%
EBC	B	0.01%
CHX	F	0.01%
SM	F	0.01%
XRX	D	0.01%
PDCO	F	0.01%
PZZA	D	0.01%
WDFC	C	0.01%
KWR	D	0.01%
MSBI	D	0.01%
SNDR	B	0.01%
EDR	A	0.01%
RGP	F	0.01%
FFIN	B	0.01%
PHIN	B	0.01%
TECH	C	0.01%
VAC	F	0.01%
DNB	C	0.01%
PRK	C	0.01%
TDS	C	0.01%
UTZ	C	0.01%
L	C	0.01%
MMS	C	0.01%
BKU	C	0.01%
ZWS	A	0.01%
CPK	B	0.01%
GATX	D	0.01%
WGO	D	0.01%
SEB	D	0.01%
GOLF	D	0.01%
HTLF	B	0.01%
MSA	D	0.01%
STRA	F	0.01%
IBKR	B	0.01%
STEP	B	0.01%
OLN	D	0.01%
UMBF	B	0.01%
KMPR	D	0.01%
LAD	D	0.01%
SYBT	A	0.01%
HRI	D	0.01%
FRME	D	0.01%
MAN	C	0.01%
SLG	B	0.01%
MKSI	F	0.01%
SKT	B	0.01%
MGEE	B	0.01%
KLG	C	0.01%
RRC	D	0.01%
EXPO	A	0.01%
LFUS	C	0.01%
BANC	B	0.01%
SLVM	B	0.01%
APOG	B	0.01%
SXT	C	0.01%
EPC	F	0.01%
TPX	C	0.01%
HWC	D	0.01%
PR	F	0.01%
ADC	C	0.01%
KSS	F	0.01%
BSY	D	0.01%
THG	B	0.01%
AGCO	D	0.01%
WD	A	0.01%
WHD	C	0.01%
IOSP	D	0.01%
UTL	C	0.01%
SEE	D	0.01%
SNX	D	0.01%
UVSP	B	0.01%
NOV	F	0.01%
PTEN	F	0.01%
RNST	D	0.01%
MCY	D	0.01%
MAC	B	0.0%
POWI	F	0.0%
KW	C	0.0%
NWS	D	0.0%
GTN	D	0.0%
RELL	C	0.0%
NFE	F	0.0%
CWH	C	0.0%

DTD Underweight 38 Positions Relative to QLC

Symbol	Grade	Weight
BRK.A	C	-2.35%
AMZN	C	-2.26%
ADBE	F	-0.92%
T	C	-0.78%
ACN	C	-0.71%
NFLX	B	-0.62%
CBRE	A	-0.6%
FICO	B	-0.59%
NVR	B	-0.59%
AZO	D	-0.59%
TSLA	C	-0.55%
CHKP	B	-0.54%
MELI	B	-0.46%
FTNT	C	-0.42%
DVA	B	-0.41%
MTD	D	-0.4%
CNC	D	-0.4%
RCL	B	-0.31%
MMM	B	-0.27%
ICLR	D	-0.23%
HOLX	B	-0.22%
IDXX	C	-0.22%
APP	C	-0.21%
DASH	C	-0.2%
ABNB	D	-0.2%
IT	B	-0.19%
HOOD	C	-0.15%
THC	A	-0.15%
UTHR	C	-0.13%
LYB	D	-0.13%
MANH	B	-0.12%
REGN	C	-0.11%
SMCI	F	-0.06%
FLEX	C	-0.06%
ZM	C	-0.05%
EXPE	C	-0.04%
JLL	B	-0.03%
MEDP	F	-0.02%