DTD vs. QUS ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to SPDR MSCI USA Quality Mix ETF (QUS)

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

$79.89

Average Daily Volume

21,384

Number of Holdings ^*

811

* 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

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

Performance

Period	DTD	QUS
30 Days	3.20%	2.25%
60 Days	5.00%	3.15%
90 Days	6.93%	4.45%
12 Months	31.64%	29.35%

388 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in QUS	Overlap
	A	D	0.03%	0.11%	0.03%
	AAPL	C	3.03%	3.24%	3.03%
	ABBV	D	1.97%	0.49%	0.49%
	ABT	B	0.42%	0.16%	0.16%
	ACI	C	0.04%	0.03%	0.03%
	ACM	A	0.02%	0.01%	0.01%
	ADI	D	0.21%	0.14%	0.14%
	ADM	D	0.08%	0.08%	0.08%
	ADP	B	0.34%	0.54%	0.34%
	AEE	A	0.12%	0.11%	0.11%
	AEP	D	0.24%	0.19%	0.19%
	AFG	A	0.03%	0.15%	0.03%
	AFL	B	0.26%	0.22%	0.22%
	AIG	B	0.13%	0.12%	0.12%
	AIZ	A	0.03%	0.12%	0.03%
	AJG	B	0.07%	0.46%	0.07%
	ALB	C	0.02%	0.02%	0.02%
	ALL	A	0.15%	0.06%	0.06%
	ALLY	C	0.05%	0.03%	0.03%
	AMAT	F	0.14%	0.48%	0.14%
	AME	A	0.05%	0.02%	0.02%
	AMGN	D	0.55%	0.27%	0.27%
	AMH	D	0.02%	0.01%	0.01%
	AMP	A	0.14%	0.04%	0.04%
	AMT	D	0.27%	0.04%	0.04%
	AOS	F	0.02%	0.03%	0.02%
	APA	D	0.02%	0.05%	0.02%
	APD	A	0.19%	0.05%	0.05%
	APH	A	0.15%	0.71%	0.15%
	APO	B	0.2%	0.03%	0.03%
	ARE	D	0.07%	0.02%	0.02%
	ARES	A	0.1%	0.01%	0.01%
	ATO	A	0.1%	0.04%	0.04%
	AVB	B	0.16%	0.02%	0.02%
	AVGO	D	2.39%	0.58%	0.58%
	AVY	D	0.03%	0.01%	0.01%
	AWK	D	0.06%	0.02%	0.02%
	AXP	A	0.32%	0.11%	0.11%
	BAC	A	1.22%	0.69%	0.69%
	BAH	F	0.04%	0.2%	0.04%
	BALL	D	0.03%	0.02%	0.02%
	BBWI	D	0.02%	0.01%	0.01%
	BBY	D	0.11%	0.09%	0.09%
	BDX	F	0.12%	0.24%	0.12%
	BEN	C	0.06%	0.01%	0.01%
	BK	A	0.23%	0.09%	0.09%
	BKNG	A	0.3%	0.04%	0.04%
	BKR	B	0.12%	0.04%	0.04%
	BLK	C	0.43%	0.46%	0.43%
	BMY	B	0.57%	0.34%	0.34%
	BR	A	0.07%	0.03%	0.03%
	BRO	B	0.04%	0.01%	0.01%
	BSY	D	0.01%	0.0%	0.0%
	BX	A	0.39%	0.05%	0.05%
	C	A	0.63%	0.45%	0.45%
	CAG	D	0.07%	0.02%	0.02%
	CAH	B	0.07%	0.12%	0.07%
	CARR	D	0.1%	0.04%	0.04%
	CAT	B	0.45%	0.63%	0.45%
	CBOE	B	0.05%	0.29%	0.05%
	CCI	D	0.22%	0.03%	0.03%
	CCK	C	0.01%	0.02%	0.01%
	CDW	F	0.03%	0.19%	0.03%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.08%	0.03%	0.03%
	CF	B	0.04%	0.03%	0.03%
	CG	A	0.08%	0.01%	0.01%
	CHD	B	0.04%	0.14%	0.04%
	CHRD	D	0.04%	0.01%	0.01%
	CHRW	C	0.04%	0.02%	0.02%
	CI	F	0.21%	0.24%	0.21%
	CINF	A	0.08%	0.03%	0.03%
	CL	D	0.3%	0.17%	0.17%
	CLX	B	0.07%	0.01%	0.01%
	CMCSA	B	0.88%	0.42%	0.42%
	CME	A	0.19%	0.23%	0.19%
	CMI	A	0.17%	0.17%	0.17%
	CMS	C	0.07%	0.09%	0.07%
	CNP	B	0.05%	0.02%	0.02%
	COF	B	0.16%	0.17%	0.16%
	COP	C	0.32%	0.17%	0.17%
	COR	B	0.07%	0.35%	0.07%
	COST	B	0.44%	1.31%	0.44%
	CPB	D	0.05%	0.12%	0.05%
	CPT	B	0.03%	0.01%	0.01%
	CRBG	B	0.1%	0.02%	0.02%
	CRM	B	0.25%	0.12%	0.12%
	CSCO	B	1.3%	1.34%	1.3%
	CSL	C	0.04%	0.01%	0.01%
	CSX	B	0.11%	0.05%	0.05%
	CTAS	B	0.15%	0.23%	0.15%
	CTSH	B	0.08%	0.39%	0.08%
	CVS	D	0.25%	0.29%	0.25%
	CVX	A	1.51%	0.55%	0.55%
	D	C	0.32%	0.14%	0.14%
	DAL	C	0.05%	0.01%	0.01%
	DD	D	0.09%	0.04%	0.04%
	DE	A	0.18%	0.1%	0.1%
	DELL	C	0.06%	0.06%	0.06%
	DFS	B	0.13%	0.07%	0.07%
	DGX	A	0.04%	0.06%	0.04%
	DHI	D	0.06%	0.19%	0.06%
	DHR	F	0.14%	0.09%	0.09%
	DINO	D	0.03%	0.02%	0.02%
	DIS	B	0.17%	0.17%	0.17%
	DKS	C	0.04%	0.01%	0.01%
	DLR	B	0.17%	0.04%	0.04%
	DOV	A	0.06%	0.02%	0.02%
	DOW	F	0.19%	0.06%	0.06%
	DPZ	C	0.03%	0.07%	0.03%
	DRI	B	0.11%	0.02%	0.02%
	DTE	C	0.09%	0.1%	0.09%
	DUK	C	0.39%	0.6%	0.39%
	EA	A	0.04%	0.31%	0.04%
	EBAY	D	0.09%	0.02%	0.02%
	ECL	D	0.13%	0.02%	0.02%
	ED	D	0.19%	0.42%	0.19%
	EFX	F	0.03%	0.01%	0.01%
	EIX	B	0.15%	0.04%	0.04%
	ELS	C	0.02%	0.0%	0.0%
	ELV	F	0.13%	0.29%	0.13%
	EME	C	0.01%	0.08%	0.01%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.19%	0.05%	0.05%
	EOG	A	0.41%	0.15%	0.15%
	EQH	B	0.05%	0.02%	0.02%
	EQIX	A	0.16%	0.02%	0.02%
	EQR	B	0.1%	0.02%	0.02%
	EQT	B	0.07%	0.03%	0.03%
	ERIE	D	0.04%	0.17%	0.04%
	ES	D	0.11%	0.03%	0.03%
	ESS	B	0.06%	0.01%	0.01%
	ETR	B	0.22%	0.05%	0.05%
	EVRG	A	0.08%	0.02%	0.02%
	EXC	C	0.15%	0.06%	0.06%
	EXPD	D	0.03%	0.06%	0.03%
	EXR	D	0.15%	0.02%	0.02%
	FANG	D	0.09%	0.22%	0.09%
	FAST	B	0.19%	0.15%	0.15%
	FBIN	D	0.02%	0.01%	0.01%
	FCNCA	A	0.03%	0.34%	0.03%
	FDS	B	0.02%	0.05%	0.02%
	FDX	B	0.16%	0.12%	0.12%
	FE	C	0.11%	0.02%	0.02%
	FIS	C	0.21%	0.03%	0.03%
	FITB	A	0.16%	0.06%	0.06%
	FNF	B	0.07%	0.02%	0.02%
	FOX	A	0.05%	0.01%	0.01%
	FTV	C	0.03%	0.02%	0.02%
	GD	F	0.2%	0.07%	0.07%
	GE	D	0.16%	0.11%	0.11%
	GEHC	F	0.03%	0.03%	0.03%
	GEN	B	0.05%	0.13%	0.05%
	GGG	B	0.02%	0.05%	0.02%
	GILD	C	0.47%	0.43%	0.43%
	GIS	D	0.16%	0.25%	0.16%
	GLPI	C	0.06%	0.01%	0.01%
	GLW	B	0.17%	0.14%	0.14%
	GM	B	0.11%	0.32%	0.11%
	GOOG	C	0.57%	1.12%	0.57%
	GOOGL	C	0.87%	1.2%	0.87%
	GPC	D	0.06%	0.02%	0.02%
	GPN	B	0.03%	0.04%	0.03%
	GS	A	0.69%	0.3%	0.3%
	GWW	B	0.1%	0.2%	0.1%
	HAL	C	0.05%	0.03%	0.03%
	HBAN	A	0.13%	0.06%	0.06%
	HCA	F	0.11%	0.06%	0.06%
	HD	A	1.78%	0.35%	0.35%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HES	B	0.06%	0.02%	0.02%
	HIG	B	0.13%	0.09%	0.09%
	HII	D	0.02%	0.01%	0.01%
	HLT	A	0.06%	0.01%	0.01%
	HON	B	0.53%	0.53%	0.53%
	HPE	B	0.08%	0.06%	0.06%
	HPQ	B	0.15%	0.07%	0.07%
	HRL	D	0.07%	0.08%	0.07%
	HST	C	0.04%	0.01%	0.01%
	HSY	F	0.08%	0.18%	0.08%
	HUBB	B	0.05%	0.07%	0.05%
	HUM	C	0.03%	0.2%	0.03%
	HWM	A	0.04%	0.01%	0.01%
	IBM	C	1.21%	0.67%	0.67%
	ICE	C	0.21%	0.14%	0.14%
	IEX	B	0.02%	0.05%	0.02%
	INTU	C	0.17%	0.04%	0.04%
	INVH	D	0.05%	0.01%	0.01%
	IP	B	0.1%	0.04%	0.04%
	IPG	D	0.06%	0.01%	0.01%
	IR	B	0.05%	0.02%	0.02%
	IRM	D	0.11%	0.01%	0.01%
	ITW	B	0.31%	0.27%	0.27%
	J	F	0.02%	0.02%	0.02%
	JBHT	C	0.02%	0.05%	0.02%
	JBL	B	0.02%	0.03%	0.02%
	JKHY	D	0.02%	0.04%	0.02%
	JNJ	D	1.83%	1.64%	1.64%
	JNPR	F	0.05%	0.17%	0.05%
	JPM	A	3.09%	1.06%	1.06%
	K	A	0.13%	0.29%	0.13%
	KDP	D	0.14%	0.23%	0.14%
	KHC	F	0.21%	0.18%	0.18%
	KIM	A	0.05%	0.02%	0.02%
	KKR	A	0.13%	0.04%	0.04%
	KLAC	D	0.1%	0.29%	0.1%
	KMB	D	0.26%	0.1%	0.1%
	KO	D	1.4%	0.81%	0.81%
	KR	B	0.16%	0.31%	0.16%
	KVUE	A	0.19%	0.04%	0.04%
	L	A	0.01%	0.12%	0.01%
	LDOS	C	0.04%	0.02%	0.02%
	LEN	D	0.06%	0.06%	0.06%
	LH	C	0.03%	0.03%	0.03%
	LHX	C	0.12%	0.04%	0.04%
	LII	A	0.05%	0.01%	0.01%
	LKQ	D	0.03%	0.02%	0.02%
	LLY	F	0.63%	1.92%	0.63%
	LMT	D	0.45%	0.72%	0.45%
	LNG	B	0.08%	0.05%	0.05%
	LNT	A	0.06%	0.05%	0.05%
	LOW	D	0.57%	0.13%	0.13%
	LPLA	A	0.03%	0.07%	0.03%
	LRCX	F	0.12%	0.3%	0.12%
	LUV	C	0.06%	0.01%	0.01%
	LVS	C	0.08%	0.01%	0.01%
	LW	C	0.02%	0.03%	0.02%
	MA	C	0.45%	1.69%	0.45%
	MAA	B	0.06%	0.01%	0.01%
	MAR	B	0.15%	0.02%	0.02%
	MAS	D	0.05%	0.01%	0.01%
	MCD	D	0.83%	0.5%	0.5%
	MCHP	D	0.07%	0.1%	0.07%
	MCK	B	0.08%	0.61%	0.08%
	MCO	B	0.11%	0.21%	0.11%
	MDLZ	F	0.37%	0.22%	0.22%
	MET	A	0.22%	0.09%	0.09%
	META	D	0.92%	2.32%	0.92%
	MKC	D	0.06%	0.01%	0.01%
	MKTX	D	0.01%	0.03%	0.01%
	MLM	B	0.04%	0.02%	0.02%
	MMC	B	0.25%	0.69%	0.25%
	MO	A	0.7%	0.07%	0.07%
	MOS	F	0.02%	0.03%	0.02%
	MPC	D	0.22%	0.32%	0.22%
	MPWR	F	0.03%	0.07%	0.03%
	MRK	F	0.79%	0.46%	0.46%
	MRO	B	0.04%	0.04%	0.04%
	MS	A	1.03%	0.21%	0.21%
	MSCI	C	0.05%	0.01%	0.01%
	MSFT	F	2.78%	2.7%	2.7%
	MSI	B	0.15%	0.63%	0.15%
	MTB	A	0.16%	0.08%	0.08%
	MU	D	0.08%	0.07%	0.07%
	NDAQ	A	0.07%	0.02%	0.02%
	NDSN	B	0.02%	0.01%	0.01%
	NI	A	0.06%	0.02%	0.02%
	NKE	D	0.14%	0.28%	0.14%
	NOC	D	0.14%	0.55%	0.14%
	NRG	B	0.07%	0.03%	0.03%
	NSC	B	0.16%	0.05%	0.05%
	NTAP	C	0.08%	0.16%	0.08%
	NTRS	A	0.09%	0.03%	0.03%
	NUE	C	0.05%	0.07%	0.05%
	NVDA	C	2.38%	2.76%	2.38%
	NWSA	B	0.03%	0.01%	0.01%
	O	D	0.25%	0.04%	0.04%
	OC	A	0.04%	0.02%	0.02%
	ODFL	B	0.04%	0.13%	0.04%
	OKE	A	0.38%	0.05%	0.05%
	OMC	C	0.08%	0.07%	0.07%
	ORCL	B	0.74%	0.53%	0.53%
	OTIS	C	0.1%	0.04%	0.04%
	OVV	B	0.04%	0.03%	0.03%
	OXY	D	0.07%	0.1%	0.07%
	PAYC	B	0.01%	0.03%	0.01%
	PAYX	C	0.25%	0.16%	0.16%
	PCAR	B	0.29%	0.06%	0.06%
	PCG	A	0.04%	0.06%	0.04%
	PEG	A	0.26%	0.04%	0.04%
	PEP	F	1.12%	1.01%	1.01%
	PFG	D	0.09%	0.03%	0.03%
	PG	A	1.61%	0.59%	0.59%
	PGR	A	0.13%	0.65%	0.13%
	PH	A	0.2%	0.04%	0.04%
	PHM	D	0.05%	0.11%	0.05%
	PKG	A	0.11%	0.09%	0.09%
	PLD	D	0.33%	0.08%	0.08%
	PM	B	1.16%	0.11%	0.11%
	PNC	B	0.39%	0.17%	0.17%
	POOL	C	0.02%	0.04%	0.02%
	PPG	F	0.08%	0.02%	0.02%
	PPL	B	0.1%	0.03%	0.03%
	PRU	A	0.25%	0.08%	0.08%
	PSA	D	0.25%	0.14%	0.14%
	PSX	C	0.2%	0.14%	0.14%
	PWR	A	0.04%	0.02%	0.02%
	QCOM	F	0.42%	0.55%	0.42%
	REG	B	0.02%	0.01%	0.01%
	RF	A	0.15%	0.06%	0.06%
	RJF	A	0.06%	0.03%	0.03%
	RMD	C	0.04%	0.09%	0.04%
	ROK	B	0.06%	0.1%	0.06%
	ROL	B	0.04%	0.17%	0.04%
	ROP	B	0.05%	0.46%	0.05%
	ROST	C	0.06%	0.03%	0.03%
	RPM	A	0.04%	0.01%	0.01%
	RS	B	0.05%	0.03%	0.03%
	RSG	A	0.1%	0.54%	0.1%
	RTX	C	0.56%	0.18%	0.18%
	SBAC	D	0.02%	0.01%	0.01%
	SBUX	A	0.31%	0.06%	0.06%
	SCHW	B	0.23%	0.07%	0.07%
	SEIC	B	0.02%	0.03%	0.02%
	SHW	A	0.13%	0.26%	0.13%
	SJM	D	0.05%	0.02%	0.02%
	SNA	A	0.08%	0.06%	0.06%
	SO	D	0.41%	0.54%	0.41%
	SPG	B	0.4%	0.03%	0.03%
	SPGI	C	0.16%	0.07%	0.07%
	SRE	A	0.2%	0.06%	0.06%
	SSNC	B	0.03%	0.02%	0.02%
	STLD	B	0.04%	0.04%	0.04%
	STT	A	0.13%	0.06%	0.06%
	STZ	D	0.11%	0.02%	0.02%
	SUI	D	0.03%	0.01%	0.01%
	SW	A	0.04%	0.03%	0.03%
	SWK	D	0.05%	0.02%	0.02%
	SWKS	F	0.04%	0.05%	0.04%
	SYF	B	0.09%	0.06%	0.06%
	SYK	C	0.24%	0.05%	0.05%
	SYY	B	0.17%	0.05%	0.05%
	TAP	C	0.04%	0.02%	0.02%
	TECH	D	0.01%	0.0%	0.0%
	TER	D	0.01%	0.04%	0.01%
	TGT	F	0.25%	0.1%	0.1%
	TJX	A	0.35%	0.56%	0.35%
	TMO	F	0.16%	0.1%	0.1%
	TMUS	B	0.76%	0.78%	0.76%
	TPL	A	0.04%	0.09%	0.04%
	TRGP	B	0.11%	0.03%	0.03%
	TROW	B	0.13%	0.09%	0.09%
	TRV	B	0.15%	0.47%	0.15%
	TSCO	D	0.08%	0.09%	0.08%
	TSN	B	0.08%	0.3%	0.08%
	TTC	D	0.02%	0.03%	0.02%
	TW	A	0.02%	0.07%	0.02%
	TXN	C	0.65%	1.06%	0.65%
	TXT	D	0.02%	0.02%	0.02%
	UDR	B	0.05%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	UNH	C	1.24%	2.21%	1.24%
	UNP	C	0.37%	0.08%	0.08%
	UPS	C	0.43%	0.11%	0.11%
	URI	B	0.08%	0.04%	0.04%
	USB	A	0.42%	0.16%	0.16%
	V	A	0.67%	1.91%	0.67%
	VICI	C	0.25%	0.04%	0.04%
	VLO	C	0.17%	0.15%	0.15%
	VLTO	D	0.01%	0.08%	0.01%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	A	0.04%	0.15%	0.04%
	VRT	B	0.03%	0.01%	0.01%
	VST	B	0.18%	0.02%	0.02%
	VTR	C	0.08%	0.02%	0.02%
	VTRS	A	0.09%	0.05%	0.05%
	WAB	B	0.04%	0.02%	0.02%
	WEC	A	0.11%	0.29%	0.11%
	WELL	A	0.19%	0.04%	0.04%
	WFC	A	0.9%	0.5%	0.5%
	WLK	D	0.03%	0.01%	0.01%
	WM	A	0.24%	0.52%	0.24%
	WMB	A	0.35%	0.15%	0.15%
	WMT	A	1.61%	0.94%	0.94%
	WPC	D	0.06%	0.01%	0.01%
	WRB	A	0.07%	0.12%	0.07%
	WSM	B	0.05%	0.06%	0.05%
	WSO	A	0.06%	0.06%	0.06%
	WST	C	0.03%	0.06%	0.03%
	WTRG	B	0.03%	0.01%	0.01%
	WY	D	0.04%	0.03%	0.03%
	XEL	A	0.22%	0.2%	0.2%
	XOM	B	2.48%	0.81%	0.81%
	XYL	D	0.04%	0.01%	0.01%
	YUM	B	0.11%	0.19%	0.11%
	ZBH	C	0.02%	0.02%	0.02%
	ZTS	D	0.12%	0.25%	0.12%

DTD Overweight 424 Positions Relative to QUS

	Symbol	Grade	Weight
	PNW	B	0.08%
	JEF	A	0.07%
	ORI	A	0.07%
	JXN	C	0.06%
	TPR	B	0.06%
	CUBE	D	0.06%
	OGE	B	0.06%
	LAMR	D	0.06%
	UNM	A	0.06%
	TXRH	C	0.06%
	CMA	A	0.06%
	RGA	A	0.06%
	AM	A	0.06%
	EWBC	A	0.06%
	LNC	B	0.05%
	HRB	D	0.05%
	WBS	A	0.05%
	INGR	B	0.05%
	EVR	B	0.05%
	OMF	A	0.05%
	CNA	B	0.05%
	DTM	B	0.05%
	OWL	A	0.05%
	UI	A	0.05%
	ASB	B	0.04%
	AIT	A	0.04%
	VLY	B	0.04%
	MLI	C	0.04%
	CFR	B	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	RDN	C	0.04%
	MTG	C	0.04%
	HLI	B	0.04%
	ITT	A	0.04%
	FRT	B	0.04%
	ZION	B	0.04%
	NWE	B	0.04%
	NNN	D	0.04%
	FHB	A	0.04%
	BRX	A	0.04%
	FNB	A	0.04%
	SNV	B	0.04%
	KTB	B	0.03%
	QCRH	A	0.03%
	RUSHA	C	0.03%
	WH	B	0.03%
	KBH	D	0.03%
	ATR	B	0.03%
	TNL	A	0.03%
	SMG	D	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	ACT	D	0.03%
	CNO	A	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	OFG	B	0.03%
	CBT	C	0.03%
	EHC	B	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	GPK	C	0.03%
	SON	D	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	ALE	A	0.03%
	HLNE	B	0.03%
	GAP	C	0.03%
	DCI	B	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	OGN	D	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	OGS	A	0.03%
	BWXT	B	0.03%
	VCTR	B	0.03%
	OZK	B	0.03%
	WU	D	0.03%
	R	B	0.03%
	FBP	B	0.03%
	PATK	D	0.03%
	FAF	A	0.03%
	COLB	A	0.03%
	CCOI	B	0.03%
	MTN	C	0.03%
	FLS	B	0.03%
	SFNC	B	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	WAL	B	0.03%
	NFG	A	0.03%
	HOMB	A	0.03%
	PB	A	0.03%
	TFSL	A	0.03%
	LECO	B	0.03%
	AROC	B	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	PFS	B	0.03%
	UGI	A	0.03%
	PAG	B	0.03%
	BPOP	B	0.03%
	ALSN	B	0.03%
	RL	B	0.03%
	PRI	A	0.03%
	BANR	B	0.03%
	KMPR	B	0.02%
	EGBN	B	0.02%
	HTH	B	0.02%
	TTEK	F	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	FR	C	0.02%
	ZWS	B	0.02%
	SSD	D	0.02%
	M	D	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	UMBF	B	0.02%
	FRME	B	0.02%
	CRI	D	0.02%
	IOSP	B	0.02%
	CWEN	C	0.02%
	BERY	B	0.02%
	BANC	A	0.02%
	STEP	B	0.02%
	UVSP	B	0.02%
	MGEE	C	0.02%
	BFH	B	0.02%
	VAC	B	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	SPB	C	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	TKO	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	TDS	B	0.02%
	SEM	B	0.02%
	HWC	B	0.02%
	SYBT	B	0.02%
	MRTN	C	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	NSA	D	0.02%
	UPBD	B	0.02%
	NYT	C	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	BRC	D	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	NEU	C	0.02%
	STC	B	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	WWD	B	0.02%
	FCPT	C	0.02%
	MCY	A	0.02%
	MGY	A	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	OSK	B	0.02%
	IBKR	A	0.02%
	UBSI	B	0.02%
	VIRT	B	0.02%
	NBHC	B	0.02%
	HNI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	RHI	B	0.02%
	CMC	B	0.02%
	FCF	A	0.02%
	SBRA	C	0.02%
	CRC	B	0.02%
	LCII	C	0.02%
	MATX	C	0.02%
	EXP	A	0.02%
	MUR	D	0.02%
	CAKE	C	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	A	0.02%
	MWA	B	0.02%
	BRKL	B	0.02%
	FFBC	A	0.02%
	PII	D	0.02%
	LPX	B	0.02%
	OCFC	B	0.02%
	TRMK	B	0.02%
	KMT	B	0.02%
	RGLD	C	0.02%
	THO	B	0.02%
	HAFC	A	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	F	0.02%
	GTY	B	0.02%
	KNTK	B	0.02%
	SLM	A	0.02%
	FULT	A	0.02%
	HRI	B	0.02%
	IDCC	A	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	B	0.02%
	CASY	A	0.02%
	SSB	B	0.02%
	ESI	A	0.02%
	CVBF	A	0.02%
	IBOC	A	0.02%
	STBA	B	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	PRGS	A	0.02%
	CBSH	A	0.02%
	TPG	A	0.02%
	TRST	A	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	REYN	D	0.02%
	CADE	B	0.02%
	ONB	B	0.02%
	NJR	A	0.02%
	TRN	C	0.02%
	GEF	A	0.02%
	GBCI	B	0.02%
	NOG	A	0.02%
	FBMS	B	0.02%
	AVT	C	0.02%
	AWI	A	0.02%
	IIPR	D	0.01%
	CHCO	B	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	D	0.01%
	AESI	B	0.01%
	IRDM	D	0.01%
	IBP	D	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	COKE	C	0.01%
	WMG	C	0.01%
	BMI	B	0.01%
	VSH	D	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	MLKN	D	0.01%
	PCH	D	0.01%
	CABO	C	0.01%
	TOL	B	0.01%
	OXM	D	0.01%
	SCL	C	0.01%
	ENS	D	0.01%
	WINA	B	0.01%
	BRKR	D	0.01%
	MUSA	A	0.01%
	BLMN	F	0.01%
	SCS	C	0.01%
	KNSL	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	LBRT	D	0.01%
	PBI	B	0.01%
	PRDO	B	0.01%
	CWEN	C	0.01%
	OLED	D	0.01%
	ASH	D	0.01%
	CHE	D	0.01%
	XRX	F	0.01%
	GBX	A	0.01%
	HOG	D	0.01%
	AGM	C	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	ORA	B	0.01%
	GL	B	0.01%
	CHH	A	0.01%
	WKC	D	0.01%
	KRO	D	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	B	0.01%
	COLM	B	0.01%
	SLGN	A	0.01%
	RRR	D	0.01%
	X	C	0.01%
	EGP	F	0.01%
	HEES	B	0.01%
	SEB	F	0.01%
	SFBS	B	0.01%
	JJSF	B	0.01%
	PDCO	D	0.01%
	NAVI	C	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	CHDN	B	0.01%
	SAFT	C	0.01%
	LEG	F	0.01%
	KRC	C	0.01%
	UTZ	D	0.01%
	MAN	D	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	RLI	B	0.01%
	AZZ	B	0.01%
	HP	B	0.01%
	KLG	C	0.01%
	BHE	B	0.01%
	MORN	B	0.01%
	AAON	B	0.01%
	PZZA	D	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	FIX	A	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	KWR	C	0.01%
	EPC	D	0.01%
	SSBK	B	0.01%
	EXPO	D	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	D	0.01%
	MSA	D	0.01%
	FG	B	0.01%
	BCO	D	0.01%
	OLN	D	0.01%
	CPK	A	0.01%
	KBR	F	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	ABM	B	0.01%
	GOLF	B	0.01%
	CFFN	B	0.01%
	WDFC	B	0.01%
	WWW	B	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	ADC	B	0.01%
	VMI	B	0.01%
	PFBC	B	0.01%
	UTL	B	0.01%
	LFUS	F	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	D	0.01%
	WGO	C	0.01%
	GATX	A	0.01%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	D	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SXT	B	0.01%
	SLG	B	0.01%
	PRK	B	0.01%
	BKU	A	0.01%
	SHOO	D	0.01%
	SLVM	B	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	PTEN	C	0.01%
	SNX	C	0.01%
	WTFC	A	0.01%
	MSBI	B	0.01%
	POWL	C	0.01%
	SEE	C	0.01%
	CVI	F	0.01%
	CRS	A	0.01%
	PNFP	B	0.01%
	MAC	B	0.0%
	POWI	D	0.0%
	KW	B	0.0%
	NWS	B	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	UWMC	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 195 Positions Relative to QUS

	Symbol	Grade	Weight
	ACN	C	-1.18%
	BRK.A	B	-1.1%
	VZ	C	-0.81%
	ADBE	C	-0.71%
	AMZN	C	-0.69%
	T	A	-0.69%
	CB	C	-0.65%
	VRTX	F	-0.57%
	WCN	A	-0.53%
	ANET	C	-0.39%
	ACGL	D	-0.38%
	AZO	C	-0.36%
	GDDY	A	-0.34%
	PFE	D	-0.33%
	PANW	C	-0.32%
	FI	A	-0.31%
	CDNS	B	-0.29%
	SNPS	B	-0.28%
	TSLA	B	-0.28%
	MMM	D	-0.28%
	NOW	A	-0.27%
	ORLY	B	-0.26%
	KEYS	A	-0.26%
	TT	A	-0.26%
	REGN	F	-0.25%
	FFIV	B	-0.23%
	CMG	B	-0.22%
	VRSN	F	-0.22%
	AON	A	-0.21%
	TDY	B	-0.21%
	FICO	B	-0.2%
	INCY	C	-0.2%
	GRMN	B	-0.2%
	EG	C	-0.18%
	INTC	D	-0.18%
	PTC	A	-0.18%
	UBER	D	-0.18%
	NEM	D	-0.18%
	TFC	A	-0.16%
	ADSK	A	-0.16%
	WTW	B	-0.16%
	F	C	-0.16%
	CTVA	C	-0.16%
	MKL	A	-0.15%
	MDT	D	-0.15%
	WDAY	B	-0.15%
	LIN	D	-0.15%
	NFLX	A	-0.14%
	CPRT	A	-0.14%
	AKAM	D	-0.14%
	MOH	F	-0.13%
	IT	C	-0.13%
	MNST	C	-0.12%
	LULU	C	-0.12%
	IDXX	F	-0.12%
	EW	C	-0.12%
	NVR	D	-0.11%
	NBIX	C	-0.11%
	WBD	C	-0.11%
	NEE	D	-0.1%
	UTHR	C	-0.1%
	DECK	A	-0.09%
	CHTR	C	-0.09%
	PYPL	B	-0.08%
	BLDR	D	-0.08%
	ULTA	F	-0.08%
	BMRN	D	-0.08%
	HUBS	A	-0.08%
	VEEV	C	-0.08%
	CNC	D	-0.08%
	STX	D	-0.07%
	MANH	D	-0.07%
	WAT	B	-0.07%
	KMI	A	-0.07%
	CFG	B	-0.07%
	MELI	D	-0.07%
	HOLX	D	-0.07%
	ALNY	D	-0.07%
	SOLV	C	-0.06%
	AMD	F	-0.06%
	WBA	F	-0.06%
	CRWD	B	-0.06%
	GEV	B	-0.05%
	BG	F	-0.05%
	CBRE	B	-0.05%
	ETN	A	-0.05%
	JCI	C	-0.05%
	SLB	C	-0.05%
	ISRG	A	-0.04%
	ALLE	D	-0.04%
	KNX	B	-0.04%
	BSX	B	-0.04%
	FCX	D	-0.04%
	EPAM	C	-0.04%
	KEY	B	-0.04%
	DVN	F	-0.04%
	LYB	F	-0.04%
	CNH	C	-0.03%
	SMCI	F	-0.03%
	NXPI	D	-0.03%
	PARA	C	-0.03%
	KMX	B	-0.03%
	FSLR	F	-0.03%
	SQ	B	-0.03%
	CTRA	B	-0.03%
	APP	B	-0.02%
	CPAY	A	-0.02%
	ABNB	C	-0.02%
	AMCR	D	-0.02%
	DLTR	F	-0.02%
	WDC	D	-0.02%
	EXPE	B	-0.02%
	IFF	D	-0.02%
	APTV	D	-0.02%
	MRVL	B	-0.02%
	IQV	D	-0.02%
	DG	F	-0.02%
	ON	D	-0.02%
	BIIB	F	-0.02%
	BAX	D	-0.02%
	FOXA	B	-0.02%
	BA	F	-0.02%
	ENPH	F	-0.02%
	TTD	B	-0.01%
	HOOD	B	-0.01%
	ENTG	D	-0.01%
	RIVN	F	-0.01%
	MTCH	D	-0.01%
	TYL	B	-0.01%
	MTD	D	-0.01%
	BIO	D	-0.01%
	Z	A	-0.01%
	ALGN	D	-0.01%
	QRVO	F	-0.01%
	LYV	A	-0.01%
	TFX	F	-0.01%
	PLTR	B	-0.01%
	ILMN	D	-0.01%
	UHAL	D	-0.01%
	CSGP	D	-0.01%
	CRL	C	-0.01%
	CTLT	B	-0.01%
	RPRX	D	-0.01%
	ANSS	B	-0.01%
	MGM	D	-0.01%
	TDG	D	-0.01%
	DASH	A	-0.01%
	DVA	B	-0.01%
	EL	F	-0.01%
	TRU	D	-0.01%
	AVTR	F	-0.01%
	PNR	A	-0.01%
	RCL	A	-0.01%
	FTNT	C	-0.01%
	STE	F	-0.01%
	ZBRA	B	-0.01%
	MRNA	F	-0.01%
	TWLO	A	-0.01%
	AES	F	-0.01%
	HSIC	B	-0.01%
	TRMB	B	-0.01%
	BURL	A	-0.01%
	TTWO	A	-0.01%
	DOC	D	-0.01%
	COIN	C	-0.01%
	CCL	B	-0.01%
	BXP	D	-0.01%
	ZM	B	-0.01%
	RVTY	F	-0.01%
	CELH	F	-0.0%
	IOT	A	-0.0%
	ZS	C	-0.0%
	TEAM	A	-0.0%
	NET	B	-0.0%
	RBLX	C	-0.0%
	MDB	C	-0.0%
	TOST	B	-0.0%
	DKNG	B	-0.0%
	PSTG	D	-0.0%
	DDOG	A	-0.0%
	SNAP	C	-0.0%
	H	B	-0.0%
	DT	C	-0.0%
	WYNN	D	-0.0%
	PODD	C	-0.0%
	DOCU	A	-0.0%
	EXAS	D	-0.0%
	DAY	B	-0.0%
	ROKU	D	-0.0%
	SNOW	C	-0.0%
	PINS	D	-0.0%
	DXCM	D	-0.0%
	MSTR	C	-0.0%
	OKTA	C	-0.0%
	AXON	A	-0.0%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50