DTD vs. QWLD ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to SPDR MSCI World Quality Mix ETF (QWLD)

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

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

$128.25

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

Performance

Period	DTD	QWLD
30 Days	3.09%	1.92%
60 Days	5.11%	4.80%
90 Days	7.85%	6.62%
12 Months	26.12%	25.18%

388 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in QWLD	Overlap
	A	C	0.04%	0.07%	0.04%
	AAPL	C	3.18%	2.56%	2.56%
	ABBV	C	2.38%	0.41%	0.41%
	ABBV	C	2.38%	0.15%	0.15%
	ABT	C	0.45%	0.09%	0.09%
	ACI	F	0.04%	0.02%	0.02%
	ACM	B	0.02%	0.01%	0.01%
	ADI	C	0.24%	0.04%	0.04%
	ADM	D	0.09%	0.05%	0.05%
	ADP	B	0.33%	0.24%	0.24%
	AEE	C	0.12%	0.08%	0.08%
	AEP	C	0.28%	0.07%	0.07%
	AFG	B	0.03%	0.02%	0.02%
	AFL	C	0.27%	0.12%	0.12%
	AGCO	D	0.01%	0.01%	0.01%
	AIG	D	0.14%	0.07%	0.07%
	AIZ	B	0.03%	0.07%	0.03%
	AJG	D	0.07%	0.19%	0.07%
	ALB	D	0.02%	0.01%	0.01%
	ALL	B	0.15%	0.07%	0.07%
	ALLY	F	0.05%	0.01%	0.01%
	AMAT	D	0.15%	0.32%	0.15%
	AME	C	0.04%	0.01%	0.01%
	AMGN	B	0.64%	0.19%	0.19%
	AMH	C	0.02%	0.01%	0.01%
	AMP	A	0.12%	0.07%	0.07%
	AMT	C	0.35%	0.03%	0.03%
	AOS	D	0.03%	0.02%	0.02%
	APA	F	0.03%	0.03%	0.03%
	APD	B	0.18%	0.02%	0.02%
	APH	D	0.14%	0.38%	0.14%
	APO	C	0.15%	0.01%	0.01%
	ARE	C	0.09%	0.01%	0.01%
	ARES	B	0.09%	0.0%	0.0%
	ATO	B	0.1%	0.01%	0.01%
	AVB	B	0.17%	0.01%	0.01%
	AVGO	C	2.4%	0.11%	0.11%
	AVY	C	0.03%	0.03%	0.03%
	AWK	B	0.07%	0.01%	0.01%
	AXP	B	0.3%	0.06%	0.06%
	BAC	D	1.09%	0.33%	0.33%
	BAH	C	0.04%	0.15%	0.04%
	BALL	C	0.04%	0.01%	0.01%
	BBWI	F	0.02%	0.0%	0.0%
	BBY	C	0.12%	0.06%	0.06%
	BDX	D	0.13%	0.08%	0.08%
	BEN	F	0.06%	0.01%	0.01%
	BK	B	0.22%	0.05%	0.05%
	BKNG	C	0.25%	0.02%	0.02%
	BKR	C	0.1%	0.02%	0.02%
	BLK	B	0.39%	0.21%	0.21%
	BMY	C	0.5%	0.18%	0.18%
	BR	D	0.07%	0.04%	0.04%
	BRO	C	0.04%	0.13%	0.04%
	BSY	D	0.01%	0.01%	0.01%
	BX	B	0.34%	0.02%	0.02%
	C	C	0.56%	0.21%	0.21%
	CAG	C	0.08%	0.05%	0.05%
	CAH	C	0.06%	0.12%	0.06%
	CARR	B	0.1%	0.02%	0.02%
	CAT	B	0.42%	0.32%	0.32%
	CBOE	C	0.05%	0.26%	0.05%
	CCI	C	0.29%	0.02%	0.02%
	CCK	A	0.02%	0.01%	0.01%
	CDW	D	0.04%	0.09%	0.04%
	CE	F	0.04%	0.01%	0.01%
	CEG	C	0.07%	0.01%	0.01%
	CF	C	0.04%	0.12%	0.04%
	CG	D	0.06%	0.01%	0.01%
	CHD	D	0.04%	0.18%	0.04%
	CHK	D	0.03%	0.02%	0.02%
	CHRD	F	0.05%	0.01%	0.01%
	CHRW	B	0.04%	0.01%	0.01%
	CI	C	0.24%	0.2%	0.2%
	CINF	B	0.07%	0.02%	0.02%
	CL	D	0.37%	0.23%	0.23%
	CLX	C	0.08%	0.01%	0.01%
	CMCSA	D	0.83%	0.15%	0.15%
	CME	C	0.19%	0.16%	0.16%
	CMI	C	0.14%	0.08%	0.08%
	CMS	C	0.07%	0.05%	0.05%
	CNP	C	0.05%	0.01%	0.01%
	COF	B	0.13%	0.07%	0.07%
	COP	D	0.31%	0.09%	0.09%
	COST	B	0.45%	0.76%	0.45%
	CPB	C	0.06%	0.1%	0.06%
	CPT	B	0.03%	0.01%	0.01%
	CRBG	D	0.09%	0.01%	0.01%
	CRM	D	0.2%	0.04%	0.04%
	CSCO	C	1.15%	0.88%	0.88%
	CSL	B	0.04%	0.03%	0.03%
	CSX	D	0.1%	0.11%	0.1%
	CTAS	B	0.15%	0.14%	0.14%
	CTSH	C	0.08%	0.2%	0.08%
	CVS	D	0.28%	0.17%	0.17%
	CVX	D	1.41%	0.28%	0.28%
	D	C	0.34%	0.06%	0.06%
	DAL	C	0.04%	0.01%	0.01%
	DD	B	0.09%	0.02%	0.02%
	DE	B	0.19%	0.06%	0.06%
	DELL	D	0.06%	0.01%	0.01%
	DFS	B	0.1%	0.03%	0.03%
	DGX	B	0.04%	0.1%	0.04%
	DHI	B	0.08%	0.12%	0.08%
	DHR	B	0.17%	0.06%	0.06%
	DINO	F	0.03%	0.05%	0.03%
	DIS	D	0.16%	0.07%	0.07%
	DKS	D	0.05%	0.02%	0.02%
	DLR	B	0.17%	0.02%	0.02%
	DOV	B	0.05%	0.04%	0.04%
	DOW	D	0.23%	0.04%	0.04%
	DPZ	F	0.03%	0.06%	0.03%
	DRI	B	0.11%	0.03%	0.03%
	DTE	C	0.1%	0.02%	0.02%
	DUK	C	0.44%	0.37%	0.37%
	EA	D	0.04%	0.18%	0.04%
	EBAY	B	0.1%	0.01%	0.01%
	ECL	B	0.13%	0.01%	0.01%
	ED	C	0.22%	0.38%	0.22%
	EFX	B	0.04%	0.01%	0.01%
	EIX	C	0.16%	0.03%	0.03%
	ELS	C	0.02%	0.0%	0.0%
	ELV	C	0.19%	0.28%	0.19%
	EME	B	0.01%	0.03%	0.01%
	EMN	B	0.05%	0.01%	0.01%
	EMR	D	0.16%	0.02%	0.02%
	EOG	D	0.39%	0.05%	0.05%
	EQH	C	0.05%	0.01%	0.01%
	EQIX	C	0.17%	0.01%	0.01%
	EQR	B	0.11%	0.01%	0.01%
	EQT	D	0.06%	0.01%	0.01%
	ERIE	B	0.05%	0.15%	0.05%
	ES	C	0.13%	0.02%	0.02%
	ESS	B	0.06%	0.01%	0.01%
	ETR	B	0.2%	0.02%	0.02%
	EVRG	B	0.09%	0.01%	0.01%
	EXC	C	0.16%	0.03%	0.03%
	EXPD	C	0.04%	0.04%	0.04%
	EXR	B	0.17%	0.01%	0.01%
	FANG	D	0.09%	0.08%	0.08%
	FAST	C	0.16%	0.08%	0.08%
	FCNCA	D	0.03%	0.09%	0.03%
	FDS	C	0.02%	0.02%	0.02%
	FDX	C	0.16%	0.07%	0.07%
	FE	C	0.13%	0.01%	0.01%
	FIS	B	0.21%	0.02%	0.02%
	FITB	B	0.14%	0.03%	0.03%
	FNF	B	0.08%	0.01%	0.01%
	FOX	B	0.05%	0.01%	0.01%
	FTV	C	0.03%	0.01%	0.01%
	GD	B	0.2%	0.19%	0.19%
	GE	B	0.16%	0.29%	0.16%
	GEHC	C	0.04%	0.02%	0.02%
	GGG	C	0.02%	0.02%	0.02%
	GILD	B	0.45%	0.22%	0.22%
	GIS	B	0.19%	0.38%	0.19%
	GLPI	C	0.07%	0.01%	0.01%
	GLW	C	0.16%	0.02%	0.02%
	GM	C	0.09%	0.15%	0.09%
	GOOG	D	0.52%	0.83%	0.52%
	GOOGL	D	0.79%	0.95%	0.79%
	GPC	D	0.07%	0.06%	0.06%
	GPN	D	0.03%	0.02%	0.02%
	GS	C	0.58%	0.14%	0.14%
	GWW	B	0.09%	0.1%	0.09%
	HAL	F	0.05%	0.01%	0.01%
	HBAN	B	0.11%	0.03%	0.03%
	HCA	B	0.12%	0.04%	0.04%
	HD	B	1.73%	0.14%	0.14%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HES	F	0.06%	0.01%	0.01%
	HIG	B	0.14%	0.03%	0.03%
	HII	D	0.03%	0.01%	0.01%
	HLT	B	0.05%	0.01%	0.01%
	HON	D	0.49%	0.24%	0.24%
	HPE	D	0.06%	0.03%	0.03%
	HPQ	D	0.14%	0.04%	0.04%
	HRL	C	0.07%	0.1%	0.07%
	HST	C	0.04%	0.01%	0.01%
	HSY	C	0.09%	0.18%	0.09%
	HUBB	B	0.05%	0.03%	0.03%
	HUM	F	0.04%	0.18%	0.04%
	HWM	B	0.04%	0.01%	0.01%
	IBM	B	1.29%	0.48%	0.48%
	ICE	C	0.23%	0.03%	0.03%
	IEX	D	0.02%	0.02%	0.02%
	INTU	C	0.17%	0.25%	0.17%
	INVH	C	0.05%	0.01%	0.01%
	IP	B	0.09%	0.02%	0.02%
	IPG	C	0.06%	0.02%	0.02%
	IR	C	0.04%	0.01%	0.01%
	IRM	C	0.12%	0.01%	0.01%
	ITW	C	0.29%	0.12%	0.12%
	J	C	0.02%	0.01%	0.01%
	JBHT	D	0.02%	0.03%	0.02%
	JBL	D	0.01%	0.01%	0.01%
	JKHY	B	0.02%	0.06%	0.02%
	JNJ	C	2.09%	1.19%	1.19%
	JNPR	B	0.05%	0.13%	0.05%
	JPM	D	2.81%	0.52%	0.52%
	K	B	0.14%	0.23%	0.14%
	KDP	B	0.17%	0.16%	0.16%
	KHC	C	0.24%	0.22%	0.22%
	KIM	C	0.05%	0.01%	0.01%
	KKR	B	0.11%	0.02%	0.02%
	KLAC	D	0.12%	0.18%	0.12%
	KMB	D	0.3%	0.12%	0.12%
	KO	C	1.68%	0.65%	0.65%
	KR	C	0.16%	0.28%	0.16%
	KVUE	C	0.21%	0.08%	0.08%
	L	C	0.01%	0.16%	0.01%
	LDOS	B	0.04%	0.01%	0.01%
	LEN	B	0.07%	0.09%	0.07%
	LHX	C	0.11%	0.02%	0.02%
	LII	B	0.05%	0.0%	0.0%
	LKQ	F	0.03%	0.01%	0.01%
	LLY	C	0.77%	1.42%	0.77%
	LMT	C	0.48%	0.45%	0.45%
	LNG	C	0.07%	0.05%	0.05%
	LNT	B	0.06%	0.03%	0.03%
	LOW	B	0.56%	0.07%	0.07%
	LPLA	D	0.02%	0.03%	0.02%
	LRCX	F	0.13%	0.2%	0.13%
	LUV	C	0.06%	0.0%	0.0%
	LVS	D	0.07%	0.0%	0.0%
	LW	D	0.02%	0.0%	0.0%
	MA	B	0.45%	0.67%	0.45%
	MAA	B	0.07%	0.01%	0.01%
	MAR	C	0.13%	0.01%	0.01%
	MAS	B	0.06%	0.01%	0.01%
	MCD	B	0.87%	0.42%	0.42%
	MCHP	F	0.09%	0.07%	0.07%
	MCK	F	0.07%	0.49%	0.07%
	MCO	B	0.11%	0.13%	0.11%
	MDLZ	B	0.44%	0.17%	0.17%
	MET	B	0.22%	0.04%	0.04%
	META	B	0.88%	1.96%	0.88%
	MKC	C	0.07%	0.01%	0.01%
	MKTX	C	0.01%	0.02%	0.01%
	MLM	D	0.04%	0.01%	0.01%
	MMC	C	0.28%	0.53%	0.28%
	MO	C	0.71%	0.04%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	F	0.24%	0.18%	0.18%
	MPWR	C	0.04%	0.06%	0.04%
	MRK	D	0.98%	0.51%	0.51%
	MRO	C	0.03%	0.02%	0.02%
	MS	D	0.8%	0.09%	0.09%
	MSCI	C	0.05%	0.0%	0.0%
	MSFT	C	2.96%	2.36%	2.36%
	MSI	B	0.14%	0.58%	0.14%
	MTB	B	0.13%	0.04%	0.04%
	MU	F	0.08%	0.04%	0.04%
	NDAQ	A	0.07%	0.01%	0.01%
	NDSN	C	0.02%	0.02%	0.02%
	NI	B	0.06%	0.01%	0.01%
	NKE	D	0.15%	0.17%	0.15%
	NOC	B	0.14%	0.33%	0.14%
	NRG	C	0.07%	0.01%	0.01%
	NSC	C	0.16%	0.03%	0.03%
	NTAP	D	0.09%	0.04%	0.04%
	NTRS	A	0.08%	0.01%	0.01%
	NUE	F	0.05%	0.04%	0.04%
	NVDA	D	2.05%	2.1%	2.05%
	NWSA	D	0.03%	0.01%	0.01%
	O	C	0.29%	0.03%	0.03%
	OC	D	0.03%	0.03%	0.03%
	ODFL	D	0.04%	0.07%	0.04%
	OKE	B	0.33%	0.03%	0.03%
	OMC	B	0.08%	0.04%	0.04%
	ORCL	C	0.67%	0.22%	0.22%
	OTIS	C	0.1%	0.01%	0.01%
	OVV	F	0.04%	0.02%	0.02%
	OXY	F	0.07%	0.03%	0.03%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	C	0.24%	0.09%	0.09%
	PCAR	D	0.25%	0.09%	0.09%
	PCG	C	0.04%	0.03%	0.03%
	PEG	B	0.26%	0.02%	0.02%
	PEP	C	1.28%	0.86%	0.86%
	PFG	B	0.09%	0.02%	0.02%
	PG	C	1.78%	0.98%	0.98%
	PGR	B	0.13%	0.34%	0.13%
	PH	B	0.17%	0.02%	0.02%
	PHM	B	0.06%	0.06%	0.06%
	PKG	B	0.1%	0.03%	0.03%
	PLD	C	0.39%	0.05%	0.05%
	PM	C	1.23%	0.07%	0.07%
	PNC	B	0.35%	0.08%	0.08%
	POOL	C	0.03%	0.03%	0.03%
	PPG	D	0.09%	0.01%	0.01%
	PPL	C	0.1%	0.01%	0.01%
	PRU	C	0.24%	0.04%	0.04%
	PSA	B	0.29%	0.09%	0.09%
	PSX	F	0.21%	0.13%	0.13%
	PWR	B	0.04%	0.01%	0.01%
	QCOM	D	0.45%	0.34%	0.34%
	REG	C	0.03%	0.01%	0.01%
	RF	B	0.13%	0.03%	0.03%
	RJF	C	0.05%	0.01%	0.01%
	RMD	C	0.05%	0.06%	0.05%
	ROK	D	0.06%	0.05%	0.05%
	ROL	C	0.04%	0.08%	0.04%
	ROP	C	0.05%	0.49%	0.05%
	ROST	C	0.07%	0.02%	0.02%
	RPM	B	0.03%	0.01%	0.01%
	RS	D	0.05%	0.01%	0.01%
	RSG	D	0.1%	0.46%	0.1%
	RTX	C	0.57%	0.09%	0.09%
	SBAC	C	0.03%	0.01%	0.01%
	SBUX	C	0.33%	0.04%	0.04%
	SCHW	D	0.19%	0.03%	0.03%
	SEIC	C	0.02%	0.01%	0.01%
	SHW	B	0.13%	0.14%	0.13%
	SJM	C	0.05%	0.08%	0.05%
	SNA	C	0.07%	0.03%	0.03%
	SO	B	0.44%	0.47%	0.44%
	SPG	B	0.38%	0.02%	0.02%
	SPGI	B	0.18%	0.04%	0.04%
	SRE	C	0.19%	0.03%	0.03%
	SSNC	B	0.04%	0.01%	0.01%
	STLD	F	0.04%	0.02%	0.02%
	STT	A	0.12%	0.03%	0.03%
	STZ	D	0.12%	0.01%	0.01%
	SUI	B	0.04%	0.01%	0.01%
	SW	B	0.04%	0.02%	0.02%
	SWK	B	0.06%	0.01%	0.01%
	SWKS	D	0.05%	0.03%	0.03%
	SYF	C	0.07%	0.03%	0.03%
	SYK	C	0.25%	0.03%	0.03%
	SYY	D	0.19%	0.03%	0.03%
	TAP	D	0.04%	0.01%	0.01%
	TECH	C	0.01%	0.0%	0.0%
	TER	D	0.02%	0.03%	0.02%
	TGT	C	0.25%	0.14%	0.14%
	TJX	B	0.36%	0.35%	0.35%
	TMO	B	0.2%	0.07%	0.07%
	TMUS	C	0.68%	0.64%	0.64%
	TPL	B	0.02%	0.03%	0.02%
	TRGP	B	0.09%	0.03%	0.03%
	TROW	D	0.12%	0.05%	0.05%
	TRV	C	0.14%	0.27%	0.14%
	TSCO	C	0.08%	0.05%	0.05%
	TSN	C	0.08%	0.14%	0.08%
	TTC	D	0.02%	0.02%	0.02%
	TW	B	0.02%	0.0%	0.0%
	TXN	C	0.66%	0.49%	0.49%
	TXT	D	0.02%	0.01%	0.01%
	UDR	C	0.05%	0.0%	0.0%
	UHS	B	0.02%	0.01%	0.01%
	UNH	C	1.28%	1.36%	1.28%
	UNP	C	0.4%	0.28%	0.28%
	UPS	D	0.44%	0.07%	0.07%
	URI	B	0.07%	0.02%	0.02%
	USB	B	0.39%	0.08%	0.08%
	V	C	0.65%	1.12%	0.65%
	VICI	C	0.29%	0.02%	0.02%
	VLO	F	0.17%	0.07%	0.07%
	VLTO	C	0.02%	0.05%	0.02%
	VMC	D	0.04%	0.01%	0.01%
	VRSK	D	0.04%	0.01%	0.01%
	VRT	C	0.02%	0.0%	0.0%
	VST	C	0.11%	0.01%	0.01%
	VTR	C	0.09%	0.01%	0.01%
	VTRS	D	0.09%	0.03%	0.03%
	WAB	B	0.03%	0.01%	0.01%
	WEC	C	0.11%	0.2%	0.11%
	WELL	C	0.19%	0.02%	0.02%
	WFC	D	0.68%	0.2%	0.2%
	WLK	D	0.03%	0.0%	0.0%
	WM	D	0.23%	0.5%	0.23%
	WMB	B	0.3%	0.15%	0.15%
	WMT	C	1.59%	0.72%	0.72%
	WPC	C	0.07%	0.01%	0.01%
	WRB	C	0.07%	0.14%	0.07%
	WSM	D	0.06%	0.04%	0.04%
	WSO	C	0.05%	0.03%	0.03%
	WST	D	0.03%	0.03%	0.03%
	WTRG	D	0.03%	0.01%	0.01%
	WY	C	0.05%	0.02%	0.02%
	XEL	B	0.22%	0.08%	0.08%
	XOM	C	2.41%	0.44%	0.44%
	XRX	D	0.01%	0.0%	0.0%
	XYL	C	0.05%	0.01%	0.01%
	YUM	D	0.12%	0.15%	0.12%
	ZBH	F	0.02%	0.01%	0.01%
	ZTS	C	0.14%	0.16%	0.14%

DTD Overweight 419 Positions Relative to QWLD

	Symbol	Grade	Weight
	PNW	C	0.08%
	ORI	B	0.07%
	CUBE	B	0.07%
	AM	C	0.07%
	OGE	C	0.06%
	CNA	C	0.06%
	RGA	C	0.06%
	LAMR	B	0.06%
	INGR	B	0.05%
	UNM	B	0.05%
	TPR	C	0.05%
	NNN	C	0.05%
	TXRH	C	0.05%
	EWBC	D	0.05%
	CMA	B	0.05%
	HRB	C	0.05%
	JEF	B	0.05%
	BPOP	C	0.04%
	SNV	C	0.04%
	WU	F	0.04%
	AVA	C	0.04%
	WBS	D	0.04%
	UGI	C	0.04%
	ITT	B	0.04%
	FHB	D	0.04%
	FNB	C	0.04%
	BKH	B	0.04%
	RDN	C	0.04%
	OGN	D	0.04%
	MTG	B	0.04%
	EVR	A	0.04%
	LNC	D	0.04%
	CIVI	F	0.04%
	BRX	B	0.04%
	FRT	C	0.04%
	NWE	B	0.04%
	OMF	D	0.04%
	OWL	C	0.04%
	DTM	B	0.04%
	JXN	A	0.04%
	PNM	B	0.03%
	SF	A	0.03%
	TKR	D	0.03%
	COLB	B	0.03%
	SAIC	C	0.03%
	AUB	D	0.03%
	VCTR	B	0.03%
	EHC	C	0.03%
	MSM	D	0.03%
	R	A	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%
	AIT	A	0.03%
	GAP	F	0.03%
	OFG	C	0.03%
	ASB	D	0.03%
	WEN	C	0.03%
	BANR	B	0.03%
	KBH	A	0.03%
	REYN	C	0.03%
	SFNC	B	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%
	PRI	B	0.03%
	POR	C	0.03%
	SON	C	0.03%
	ZION	D	0.03%
	TFSL	C	0.03%
	PATK	B	0.03%
	FLO	C	0.03%
	FAF	B	0.03%
	AWR	B	0.03%
	MTN	D	0.03%
	PAG	D	0.03%
	HLI	B	0.03%
	NFG	B	0.03%
	UI	B	0.03%
	SSD	D	0.02%
	SHOO	B	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%
	BCO	B	0.02%
	KFY	B	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%
	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%
	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%
	HNI	C	0.02%
	STC	B	0.02%
	BNL	B	0.02%
	FULT	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%
	ONB	C	0.02%
	FCPT	C	0.02%
	TRN	D	0.02%
	UFPI	C	0.02%
	EPR	B	0.02%
	ESI	D	0.02%
	LANC	D	0.02%
	RUSHA	C	0.02%
	VOYA	B	0.02%
	AWI	B	0.02%
	LSTR	D	0.02%
	TRST	C	0.02%
	CCS	B	0.02%
	NOG	D	0.02%
	TMP	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%
	FBMS	B	0.02%
	GEF	D	0.02%
	BUSE	C	0.02%
	GTY	B	0.02%
	SASR	B	0.02%
	STBA	B	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%
	MDU	C	0.02%
	NJR	B	0.02%
	BANF	B	0.02%
	BOKF	B	0.02%
	AVT	C	0.02%
	PII	D	0.02%
	CNS	B	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%
	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%
	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%
	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%
	VAC	F	0.01%
	DNB	C	0.01%
	PRK	C	0.01%
	TDS	C	0.01%
	UTZ	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%
	THG	B	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 217 Positions Relative to QWLD

	Symbol	Grade	Weight
	NVS	C	-0.89%
	BRK.A	C	-0.71%
	ACN	C	-0.65%
	VZ	B	-0.61%
	ADBE	F	-0.49%
	REGN	C	-0.47%
	NFLX	B	-0.45%
	VRTX	D	-0.44%
	CB	B	-0.4%
	T	C	-0.37%
	AMZN	C	-0.34%
	UL	C	-0.3%
	AZO	D	-0.29%
	WCN	D	-0.28%
	ACGL	C	-0.28%
	ISRG	B	-0.24%
	ORLY	C	-0.22%
	GDDY	C	-0.21%
	PFE	C	-0.21%
	MFG	D	-0.2%
	CHKP	B	-0.19%
	ANET	B	-0.18%
	KEYS	C	-0.17%
	AON	B	-0.16%
	PANW	D	-0.16%
	TD	B	-0.14%
	FFIV	B	-0.14%
	VRSN	D	-0.14%
	UTHR	C	-0.14%
	MMM	B	-0.14%
	TM	F	-0.14%
	E	C	-0.13%
	CMG	C	-0.13%
	TT	B	-0.13%
	MKL	C	-0.12%
	DEO	C	-0.12%
	INCY	C	-0.12%
	CDNS	D	-0.12%
	MUFG	D	-0.12%
	AKAM	D	-0.12%
	CNI	D	-0.11%
	NBIX	F	-0.11%
	SNPS	D	-0.11%
	TSLA	C	-0.11%
	BCS	B	-0.1%
	IDXX	C	-0.09%
	F	F	-0.09%
	SMFG	D	-0.09%
	STLA	F	-0.09%
	LYG	B	-0.09%
	BMRN	F	-0.09%
	HMC	D	-0.08%
	TFC	C	-0.08%
	SONY	C	-0.08%
	AMCR	B	-0.08%
	INTC	F	-0.08%
	TEL	D	-0.08%
	ADSK	C	-0.08%
	ULTA	D	-0.07%
	NVR	B	-0.07%
	WTW	C	-0.07%
	CPRT	D	-0.07%
	PTC	D	-0.07%
	MOH	D	-0.07%
	EW	F	-0.07%
	LULU	D	-0.06%
	EG	C	-0.06%
	CNC	D	-0.06%
	MDT	C	-0.06%
	NEE	C	-0.06%
	LIN	B	-0.06%
	MNST	D	-0.06%
	LOGI	D	-0.06%
	CHTR	D	-0.05%
	GRMN	D	-0.05%
	VEEV	C	-0.05%
	WBD	D	-0.05%
	BTI	C	-0.05%
	TDY	B	-0.05%
	PYPL	B	-0.04%
	WAT	C	-0.04%
	MANH	B	-0.04%
	WBA	F	-0.04%
	AMD	D	-0.04%
	FICO	B	-0.04%
	CTVA	B	-0.04%
	WDAY	D	-0.04%
	MT	D	-0.04%
	DECK	C	-0.04%
	BLDR	C	-0.04%
	NEM	B	-0.04%
	CBRE	A	-0.03%
	DVN	F	-0.03%
	SLB	F	-0.03%
	ENPH	D	-0.03%
	BG	D	-0.03%
	KMI	B	-0.03%
	LYB	D	-0.03%
	SOLV	C	-0.03%
	CFG	C	-0.03%
	IT	B	-0.03%
	SMCI	F	-0.03%
	NMR	D	-0.02%
	GEV	B	-0.02%
	BA	F	-0.02%
	BIIB	F	-0.02%
	BAX	C	-0.02%
	MRNA	F	-0.02%
	NXPI	F	-0.02%
	AER	B	-0.02%
	CTRA	D	-0.02%
	EPAM	F	-0.02%
	KEY	B	-0.02%
	BSX	B	-0.02%
	ALLE	B	-0.02%
	FCX	D	-0.02%
	PNR	B	-0.02%
	ETN	C	-0.02%
	JCI	B	-0.02%
	MGM	F	-0.01%
	OTEX	D	-0.01%
	CTLT	B	-0.01%
	UHAL	A	-0.01%
	TFX	C	-0.01%
	TTWO	C	-0.01%
	DVA	B	-0.01%
	RPRX	C	-0.01%
	FTNT	C	-0.01%
	TRU	B	-0.01%
	BURL	B	-0.01%
	MBAVU	C	-0.01%
	FSLR	C	-0.01%
	ZM	C	-0.01%
	STE	C	-0.01%
	HSIC	C	-0.01%
	QRVO	F	-0.01%
	SE	B	-0.01%
	ZBRA	B	-0.01%
	STX	C	-0.01%
	EL	F	-0.01%
	EXPE	C	-0.01%
	CPAY	B	-0.01%
	BXP	B	-0.01%
	DOC	C	-0.01%
	CCEP	B	-0.01%
	AVTR	B	-0.01%
	ABNB	D	-0.01%
	KNX	C	-0.01%
	WFG	B	-0.01%
	MRVL	C	-0.01%
	TDG	B	-0.01%
	DLTR	F	-0.01%
	AES	C	-0.01%
	WDC	D	-0.01%
	HOLX	B	-0.01%
	FOXA	B	-0.01%
	UBER	C	-0.01%
	SQ	D	-0.01%
	IFF	B	-0.01%
	NOW	B	-0.01%
	DG	F	-0.01%
	PARA	F	-0.01%
	CNH	D	-0.01%
	IQV	C	-0.01%
	APTV	D	-0.01%
	ON	D	-0.01%
	KMX	D	-0.01%
	MELI	B	-0.01%
	GLBE	C	-0.0%
	IOT	B	-0.0%
	TOST	C	-0.0%
	NET	D	-0.0%
	RBLX	B	-0.0%
	DDOG	D	-0.0%
	SNAP	F	-0.0%
	FUTU	D	-0.0%
	DKNG	C	-0.0%
	MSTR	D	-0.0%
	H	C	-0.0%
	PSTG	F	-0.0%
	DOCU	C	-0.0%
	DAY	D	-0.0%
	GRAB	C	-0.0%
	APP	C	-0.0%
	DT	C	-0.0%
	PINS	F	-0.0%
	SNOW	F	-0.0%
	PODD	B	-0.0%
	WYNN	D	-0.0%
	CRWD	D	-0.0%
	HOOD	C	-0.0%
	DXCM	F	-0.0%
	ROKU	C	-0.0%
	OKTA	F	-0.0%
	TTD	B	-0.0%
	EXAS	C	-0.0%
	Z	B	-0.0%
	TYL	C	-0.0%
	PLTR	B	-0.0%
	AXON	B	-0.0%
	LYV	B	-0.0%
	ENTG	F	-0.0%
	DASH	C	-0.0%
	COIN	F	-0.0%
	RCL	B	-0.0%
	ILMN	C	-0.0%
	RIVN	F	-0.0%
	CRL	F	-0.0%
	MTCH	C	-0.0%
	QGEN	C	-0.0%
	BIO	C	-0.0%
	TWLO	D	-0.0%
	ANSS	D	-0.0%
	CCL	C	-0.0%
	CSGP	D	-0.0%
	ALGN	D	-0.0%
	TRMB	C	-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 Commercial Bank Insurance Products Plastic

QWLD: Top Represented Industries & Keywords

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

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