ILCB vs. QWLD ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to SPDR MSCI World Quality Mix ETF (QWLD)

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* 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

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	QWLD
30 Days	3.62%	0.82%
60 Days	4.81%	0.23%
90 Days	6.51%	0.87%
12 Months	32.50%	22.65%

558 Overlapping Holdings

Symbol	Grade	Weight in ILCB	Weight in QWLD	Overlap
A	D	0.07%	0.06%	0.06%
AAPL	C	6.21%	2.57%	2.57%
ABBV	D	0.56%	0.34%	0.34%
ABBV	D	0.56%	0.16%	0.16%
ABNB	C	0.11%	0.01%	0.01%
ABT	B	0.39%	0.09%	0.09%
ACGL	D	0.07%	0.26%	0.07%
ACI	C	0.01%	0.02%	0.01%
ACM	A	0.03%	0.01%	0.01%
ACN	C	0.43%	0.65%	0.43%
ADBE	C	0.43%	0.42%	0.42%
ADI	D	0.2%	0.04%	0.04%
ADM	D	0.05%	0.05%	0.05%
ADP	B	0.23%	0.26%	0.23%
ADSK	A	0.12%	0.1%	0.1%
AEE	A	0.05%	0.09%	0.05%
AEP	D	0.1%	0.07%	0.07%
AES	F	0.02%	0.01%	0.01%
AFG	A	0.02%	0.02%	0.02%
AFL	B	0.11%	0.12%	0.11%
AIG	B	0.09%	0.07%	0.07%
AJG	B	0.12%	0.19%	0.12%
AKAM	D	0.03%	0.11%	0.03%
ALB	C	0.02%	0.01%	0.01%
ALGN	D	0.03%	0.0%	0.0%
ALL	A	0.1%	0.08%	0.08%
ALLE	D	0.02%	0.02%	0.02%
ALLY	C	0.02%	0.02%	0.02%
AMAT	F	0.27%	0.29%	0.27%
AMCR	D	0.03%	0.08%	0.03%
AMD	F	0.42%	0.03%	0.03%
AME	A	0.09%	0.01%	0.01%
AMGN	D	0.29%	0.16%	0.16%
AMH	D	0.02%	0.0%	0.0%
AMP	A	0.11%	0.09%	0.09%
AMT	D	0.18%	0.02%	0.02%
AMZN	C	3.7%	0.37%	0.37%
ANET	C	0.19%	0.19%	0.19%
ANSS	B	0.06%	0.0%	0.0%
AON	A	0.16%	0.17%	0.16%
AOS	F	0.02%	0.02%	0.02%
APA	D	0.02%	0.02%	0.02%
APD	A	0.14%	0.03%	0.03%
APH	A	0.16%	0.43%	0.16%
APO	B	0.13%	0.02%	0.02%
APP	B	0.12%	0.0%	0.0%
APTV	D	0.02%	0.01%	0.01%
ARE	D	0.03%	0.01%	0.01%
ARES	A	0.06%	0.0%	0.0%
ATO	A	0.04%	0.01%	0.01%
AVB	B	0.06%	0.01%	0.01%
AVGO	D	1.45%	0.11%	0.11%
AVTR	F	0.03%	0.01%	0.01%
AVY	D	0.03%	0.03%	0.03%
AWK	D	0.05%	0.01%	0.01%
AXON	A	0.08%	0.0%	0.0%
AXP	A	0.31%	0.06%	0.06%
AZO	C	0.1%	0.28%	0.1%
BA	F	0.2%	0.01%	0.01%
BAC	A	0.61%	0.39%	0.39%
BAH	F	0.04%	0.15%	0.04%
BALL	D	0.04%	0.01%	0.01%
BAX	D	0.03%	0.01%	0.01%
BBY	D	0.03%	0.06%	0.03%
BDX	F	0.13%	0.07%	0.07%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.02%	0.03%	0.02%
BIIB	F	0.04%	0.01%	0.01%
BK	A	0.11%	0.05%	0.05%
BKNG	A	0.32%	0.03%	0.03%
BKR	B	0.08%	0.02%	0.02%
BLDR	D	0.04%	0.05%	0.04%
BLK	C	0.3%	0.25%	0.25%
BMRN	D	0.02%	0.07%	0.02%
BMY	B	0.22%	0.21%	0.21%
BR	A	0.05%	0.04%	0.04%
BRK.A	B	1.63%	0.73%	0.73%
BRO	B	0.05%	0.14%	0.05%
BSX	B	0.25%	0.02%	0.02%
BSY	D	0.01%	0.01%	0.01%
BURL	A	0.03%	0.01%	0.01%
BX	A	0.25%	0.03%	0.03%
BXP	D	0.02%	0.01%	0.01%
C	A	0.25%	0.25%	0.25%
CAG	D	0.02%	0.04%	0.02%
CAH	B	0.06%	0.13%	0.06%
CARR	D	0.12%	0.02%	0.02%
CAT	B	0.36%	0.36%	0.36%
CB	C	0.21%	0.4%	0.21%
CBRE	B	0.08%	0.03%	0.03%
CCI	D	0.09%	0.01%	0.01%
CCK	C	0.02%	0.01%	0.01%
CCL	B	0.05%	0.01%	0.01%
CDNS	B	0.15%	0.13%	0.13%
CDW	F	0.05%	0.07%	0.05%
CE	F	0.02%	0.01%	0.01%
CEG	D	0.14%	0.02%	0.02%
CF	B	0.03%	0.13%	0.03%
CFG	B	0.04%	0.04%	0.04%
CG	A	0.02%	0.01%	0.01%
CHD	B	0.05%	0.19%	0.05%
CHTR	C	0.07%	0.05%	0.05%
CI	F	0.17%	0.18%	0.17%
CINF	A	0.05%	0.02%	0.02%
CL	D	0.15%	0.2%	0.15%
CLX	B	0.04%	0.01%	0.01%
CMCSA	B	0.32%	0.17%	0.17%
CME	A	0.16%	0.16%	0.16%
CMG	B	0.15%	0.14%	0.14%
CMI	A	0.1%	0.1%	0.1%
CMS	C	0.04%	0.05%	0.04%
CNC	D	0.06%	0.05%	0.05%
CNH	C	0.02%	0.01%	0.01%
CNP	B	0.04%	0.01%	0.01%
COF	B	0.14%	0.1%	0.1%
COIN	C	0.12%	0.01%	0.01%
COP	C	0.25%	0.1%	0.1%
COR	B	0.08%	0.41%	0.08%
COST	B	0.78%	0.76%	0.76%
CPAY	A	0.05%	0.01%	0.01%
CPB	D	0.02%	0.09%	0.02%
CPRT	A	0.1%	0.08%	0.08%
CPT	B	0.02%	0.01%	0.01%
CRL	C	0.02%	0.0%	0.0%
CRM	B	0.58%	0.06%	0.06%
CRWD	B	0.15%	0.0%	0.0%
CSCO	B	0.45%	1.03%	0.45%
CSGP	D	0.06%	0.0%	0.0%
CSL	C	0.04%	0.03%	0.03%
CSX	B	0.13%	0.11%	0.11%
CTAS	B	0.14%	0.14%	0.14%
CTRA	B	0.04%	0.02%	0.02%
CTSH	B	0.07%	0.2%	0.07%
CTVA	C	0.07%	0.04%	0.04%
CVS	D	0.13%	0.16%	0.13%
CVX	A	0.53%	0.33%	0.33%
D	C	0.09%	0.06%	0.06%
DAL	C	0.08%	0.01%	0.01%
DASH	A	0.1%	0.01%	0.01%
DAY	B	0.02%	0.0%	0.0%
DD	D	0.07%	0.02%	0.02%
DDOG	A	0.07%	0.0%	0.0%
DE	A	0.19%	0.06%	0.06%
DECK	A	0.05%	0.05%	0.05%
DELL	C	0.07%	0.01%	0.01%
DFS	B	0.09%	0.04%	0.04%
DG	F	0.03%	0.01%	0.01%
DGX	A	0.03%	0.11%	0.03%
DHI	D	0.09%	0.1%	0.09%
DHR	F	0.29%	0.05%	0.05%
DINO	D	0.01%	0.05%	0.01%
DIS	B	0.4%	0.1%	0.1%
DKNG	B	0.04%	0.0%	0.0%
DKS	C	0.02%	0.02%	0.02%
DLR	B	0.11%	0.02%	0.02%
DLTR	F	0.03%	0.01%	0.01%
DOC	D	0.03%	0.01%	0.01%
DOCU	A	0.03%	0.0%	0.0%
DOV	A	0.05%	0.05%	0.05%
DOW	F	0.06%	0.03%	0.03%
DPZ	C	0.03%	0.06%	0.03%
DRI	B	0.04%	0.03%	0.03%
DT	C	0.03%	0.0%	0.0%
DTE	C	0.05%	0.02%	0.02%
DUK	C	0.17%	0.36%	0.17%
DVA	B	0.02%	0.01%	0.01%
DVN	F	0.05%	0.03%	0.03%
DXCM	D	0.06%	0.0%	0.0%
EA	A	0.08%	0.2%	0.08%
EBAY	D	0.06%	0.01%	0.01%
ECL	D	0.12%	0.01%	0.01%
ED	D	0.06%	0.35%	0.06%
EFX	F	0.06%	0.01%	0.01%
EG	C	0.03%	0.06%	0.03%
EIX	B	0.06%	0.03%	0.03%
EL	F	0.03%	0.01%	0.01%
ELS	C	0.02%	0.0%	0.0%
ELV	F	0.18%	0.21%	0.18%
EME	C	0.05%	0.04%	0.04%
EMN	D	0.02%	0.01%	0.01%
EMR	A	0.14%	0.03%	0.03%
ENPH	F	0.02%	0.01%	0.01%
ENTG	D	0.03%	0.0%	0.0%
EOG	A	0.15%	0.06%	0.06%
EPAM	C	0.03%	0.02%	0.02%
EQH	B	0.02%	0.01%	0.01%
EQIX	A	0.16%	0.02%	0.02%
EQR	B	0.05%	0.01%	0.01%
EQT	B	0.05%	0.02%	0.02%
ERIE	D	0.02%	0.12%	0.02%
ES	D	0.04%	0.01%	0.01%
ESS	B	0.04%	0.01%	0.01%
ETN	A	0.28%	0.03%	0.03%
ETR	B	0.06%	0.03%	0.03%
EVRG	A	0.03%	0.01%	0.01%
EW	C	0.08%	0.07%	0.07%
EXAS	D	0.02%	0.0%	0.0%
EXC	C	0.08%	0.03%	0.03%
EXPD	D	0.03%	0.04%	0.03%
EXPE	B	0.04%	0.01%	0.01%
EXR	D	0.07%	0.01%	0.01%
F	C	0.08%	0.09%	0.08%
FANG	D	0.06%	0.09%	0.06%
FAST	B	0.09%	0.09%	0.09%
FCNCA	A	0.05%	0.11%	0.05%
FCX	D	0.12%	0.02%	0.02%
FDS	B	0.04%	0.03%	0.03%
FDX	B	0.13%	0.07%	0.07%
FE	C	0.04%	0.01%	0.01%
FFIV	B	0.03%	0.16%	0.03%
FI	A	0.23%	0.09%	0.09%
FICO	B	0.11%	0.05%	0.05%
FIS	C	0.09%	0.02%	0.02%
FITB	A	0.06%	0.03%	0.03%
FNF	B	0.03%	0.01%	0.01%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.01%	0.01%
FSLR	F	0.04%	0.01%	0.01%
FTNT	C	0.12%	0.01%	0.01%
FTV	C	0.05%	0.01%	0.01%
GD	F	0.14%	0.18%	0.14%
GDDY	A	0.05%	0.25%	0.05%
GE	D	0.37%	0.31%	0.31%
GEHC	F	0.06%	0.02%	0.02%
GEN	B	0.03%	0.12%	0.03%
GEV	B	0.17%	0.02%	0.02%
GGG	B	0.03%	0.03%	0.03%
GILD	C	0.21%	0.24%	0.21%
GIS	D	0.07%	0.33%	0.07%
GLPI	C	0.02%	0.01%	0.01%
GLW	B	0.07%	0.02%	0.02%
GM	B	0.12%	0.19%	0.12%
GOOG	C	1.74%	0.94%	0.94%
GOOGL	C	1.95%	1.07%	1.07%
GPC	D	0.03%	0.05%	0.03%
GPN	B	0.06%	0.02%	0.02%
GRMN	B	0.06%	0.05%	0.05%
GS	A	0.37%	0.17%	0.17%
GWW	B	0.1%	0.11%	0.1%
HAL	C	0.05%	0.02%	0.02%
HBAN	A	0.05%	0.03%	0.03%
HCA	F	0.12%	0.04%	0.04%
HD	A	0.78%	0.15%	0.15%
HEI	B	0.03%	0.0%	0.0%
HEI	B	0.02%	0.0%	0.0%
HEI	B	0.02%	0.0%	0.0%
HEI	B	0.03%	0.0%	0.0%
HES	B	0.08%	0.01%	0.01%
HIG	B	0.07%	0.03%	0.03%
HII	D	0.01%	0.01%	0.01%
HLT	A	0.12%	0.01%	0.01%
HOLX	D	0.04%	0.01%	0.01%
HON	B	0.29%	0.26%	0.26%
HOOD	B	0.03%	0.0%	0.0%
HPE	B	0.05%	0.04%	0.04%
HPQ	B	0.07%	0.04%	0.04%
HRL	D	0.02%	0.09%	0.02%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.05%	0.16%	0.05%
HUBB	B	0.04%	0.04%	0.04%
HUM	C	0.06%	0.15%	0.06%
HWM	A	0.09%	0.01%	0.01%
IBM	C	0.36%	0.46%	0.36%
ICE	C	0.17%	0.03%	0.03%
IDXX	F	0.07%	0.07%	0.07%
IEX	B	0.03%	0.03%	0.03%
IFF	D	0.04%	0.01%	0.01%
ILMN	D	0.04%	0.0%	0.0%
INCY	C	0.02%	0.15%	0.02%
INTC	D	0.2%	0.1%	0.1%
INTU	C	0.37%	0.27%	0.27%
INVH	D	0.04%	0.01%	0.01%
IP	B	0.04%	0.02%	0.02%
IPG	D	0.02%	0.02%	0.02%
IQV	D	0.07%	0.01%	0.01%
IR	B	0.08%	0.01%	0.01%
IRM	D	0.06%	0.01%	0.01%
ISRG	A	0.36%	0.25%	0.25%
IT	C	0.08%	0.03%	0.03%
ITW	B	0.15%	0.13%	0.13%
J	F	0.03%	0.01%	0.01%
JBHT	C	0.03%	0.03%	0.03%
JBL	B	0.03%	0.02%	0.02%
JCI	C	0.11%	0.03%	0.03%
JKHY	D	0.02%	0.07%	0.02%
JNJ	D	0.71%	1.1%	0.71%
JNPR	F	0.02%	0.12%	0.02%
JPM	A	1.34%	0.6%	0.6%
K	A	0.04%	0.23%	0.04%
KDP	D	0.07%	0.14%	0.07%
KEY	B	0.03%	0.02%	0.02%
KEYS	A	0.05%	0.17%	0.05%
KHC	F	0.05%	0.2%	0.05%
KIM	A	0.03%	0.01%	0.01%
KKR	A	0.19%	0.02%	0.02%
KLAC	D	0.16%	0.14%	0.14%
KMB	D	0.09%	0.11%	0.09%
KMI	A	0.1%	0.04%	0.04%
KMX	B	0.02%	0.02%	0.02%
KO	D	0.46%	0.56%	0.46%
KR	B	0.08%	0.31%	0.08%
KVUE	A	0.08%	0.08%	0.08%
L	A	0.03%	0.17%	0.03%
LDOS	C	0.04%	0.01%	0.01%
LEN	D	0.08%	0.09%	0.08%
LEN	D	0.0%	0.09%	0.0%
LH	C	0.04%	0.02%	0.02%
LHX	C	0.09%	0.02%	0.02%
LII	A	0.04%	0.0%	0.0%
LIN	D	0.41%	0.06%	0.06%
LKQ	D	0.02%	0.01%	0.01%
LLY	F	1.22%	1.14%	1.14%
LMT	D	0.22%	0.42%	0.22%
LNG	B	0.09%	0.06%	0.06%
LNT	A	0.03%	0.03%	0.03%
LOW	D	0.3%	0.07%	0.07%
LPLA	A	0.05%	0.05%	0.05%
LRCX	F	0.18%	0.18%	0.18%
LULU	C	0.07%	0.07%	0.07%
LUV	C	0.04%	0.0%	0.0%
LVS	C	0.04%	0.0%	0.0%
LW	C	0.02%	0.0%	0.0%
LYB	F	0.04%	0.03%	0.03%
LYV	A	0.04%	0.0%	0.0%
MA	C	0.82%	0.71%	0.71%
MAA	B	0.04%	0.01%	0.01%
MANH	D	0.03%	0.04%	0.03%
MAR	B	0.12%	0.01%	0.01%
MAS	D	0.03%	0.01%	0.01%
MCD	D	0.41%	0.42%	0.41%
MCHP	D	0.06%	0.06%	0.06%
MCK	B	0.15%	0.58%	0.15%
MCO	B	0.14%	0.13%	0.13%
MDLZ	F	0.17%	0.14%	0.14%
MDT	D	0.22%	0.06%	0.06%
MELI	D	0.18%	0.01%	0.01%
MET	A	0.1%	0.05%	0.05%
META	D	2.34%	2.11%	2.11%
MGM	D	0.02%	0.01%	0.01%
MKC	D	0.04%	0.01%	0.01%
MKL	A	0.04%	0.13%	0.04%
MLM	B	0.07%	0.01%	0.01%
MMC	B	0.21%	0.51%	0.21%
MMM	D	0.14%	0.14%	0.14%
MNST	C	0.07%	0.07%	0.07%
MO	A	0.18%	0.04%	0.04%
MOH	F	0.03%	0.06%	0.03%
MOS	F	0.02%	0.02%	0.02%
MPC	D	0.1%	0.17%	0.1%
MPWR	F	0.05%	0.04%	0.04%
MRK	F	0.47%	0.42%	0.42%
MRNA	F	0.02%	0.01%	0.01%
MRO	B	0.03%	0.02%	0.02%
MRVL	B	0.15%	0.01%	0.01%
MS	A	0.32%	0.12%	0.12%
MSCI	C	0.09%	0.0%	0.0%
MSFT	F	5.94%	2.3%	2.3%
MSI	B	0.16%	0.65%	0.16%
MSTR	C	0.12%	0.0%	0.0%
MTB	A	0.07%	0.05%	0.05%
MU	D	0.21%	0.04%	0.04%
NBIX	C	0.02%	0.11%	0.02%
NDAQ	A	0.06%	0.01%	0.01%
NDSN	B	0.03%	0.02%	0.02%
NEE	D	0.3%	0.06%	0.06%
NEM	D	0.09%	0.04%	0.04%
NET	B	0.05%	0.0%	0.0%
NFLX	A	0.68%	0.54%	0.54%
NI	A	0.03%	0.01%	0.01%
NKE	D	0.17%	0.17%	0.17%
NOC	D	0.14%	0.32%	0.14%
NOW	A	0.4%	0.01%	0.01%
NRG	B	0.04%	0.02%	0.02%
NSC	B	0.11%	0.03%	0.03%
NTAP	C	0.05%	0.04%	0.04%
NTRS	A	0.04%	0.02%	0.02%
NUE	C	0.07%	0.04%	0.04%
NVDA	C	6.48%	2.53%	2.53%
NVR	D	0.05%	0.06%	0.05%
NWSA	B	0.02%	0.01%	0.01%
NXPI	D	0.11%	0.02%	0.02%
O	D	0.09%	0.02%	0.02%
OC	A	0.03%	0.03%	0.03%
ODFL	B	0.08%	0.08%	0.08%
OKE	A	0.12%	0.03%	0.03%
OKTA	C	0.02%	0.0%	0.0%
OMC	C	0.04%	0.04%	0.04%
ON	D	0.05%	0.01%	0.01%
ORCL	B	0.57%	0.25%	0.25%
ORLY	B	0.14%	0.24%	0.14%
OTIS	C	0.08%	0.01%	0.01%
OVV	B	0.02%	0.02%	0.02%
OXY	D	0.06%	0.03%	0.03%
PANW	C	0.24%	0.18%	0.18%
PAYC	B	0.02%	0.02%	0.02%
PAYX	C	0.09%	0.1%	0.09%
PCAR	B	0.11%	0.11%	0.11%
PCG	A	0.09%	0.03%	0.03%
PEG	A	0.09%	0.02%	0.02%
PEP	F	0.42%	0.77%	0.42%
PFE	D	0.27%	0.18%	0.18%
PFG	D	0.04%	0.02%	0.02%
PG	A	0.77%	0.95%	0.77%
PGR	A	0.29%	0.35%	0.29%
PH	A	0.17%	0.02%	0.02%
PHM	D	0.05%	0.06%	0.05%
PINS	D	0.03%	0.0%	0.0%
PKG	A	0.04%	0.04%	0.04%
PLD	D	0.2%	0.04%	0.04%
PLTR	B	0.25%	0.0%	0.0%
PM	B	0.38%	0.07%	0.07%
PNC	B	0.16%	0.1%	0.1%
PNR	A	0.03%	0.03%	0.03%
PODD	C	0.03%	0.0%	0.0%
POOL	C	0.03%	0.03%	0.03%
PPG	F	0.06%	0.01%	0.01%
PPL	B	0.05%	0.01%	0.01%
PRU	A	0.09%	0.05%	0.05%
PSA	D	0.1%	0.09%	0.09%
PSTG	D	0.03%	0.0%	0.0%
PSX	C	0.11%	0.14%	0.11%
PTC	A	0.04%	0.08%	0.04%
PWR	A	0.09%	0.01%	0.01%
PYPL	B	0.17%	0.04%	0.04%
QCOM	F	0.34%	0.32%	0.32%
QRVO	F	0.01%	0.0%	0.0%
RBLX	C	0.05%	0.0%	0.0%
RCL	A	0.1%	0.01%	0.01%
REG	B	0.02%	0.01%	0.01%
REGN	F	0.15%	0.31%	0.15%
RF	A	0.05%	0.03%	0.03%
RJF	A	0.06%	0.02%	0.02%
RMD	C	0.07%	0.05%	0.05%
ROK	B	0.06%	0.06%	0.06%
ROL	B	0.03%	0.08%	0.03%
ROP	B	0.11%	0.48%	0.11%
ROST	C	0.09%	0.02%	0.02%
RPM	A	0.03%	0.01%	0.01%
RPRX	D	0.02%	0.01%	0.01%
RS	B	0.03%	0.02%	0.02%
RSG	A	0.08%	0.46%	0.08%
RTX	C	0.3%	0.09%	0.09%
RVTY	F	0.03%	0.01%	0.01%
SBAC	D	0.05%	0.01%	0.01%
SBUX	A	0.22%	0.04%	0.04%
SCHW	B	0.22%	0.04%	0.04%
SHW	A	0.17%	0.14%	0.14%
SJM	D	0.02%	0.07%	0.02%
SLB	C	0.12%	0.03%	0.03%
SMCI	F	0.02%	0.01%	0.01%
SNA	A	0.04%	0.04%	0.04%
SNAP	C	0.02%	0.0%	0.0%
SNOW	C	0.08%	0.0%	0.0%
SNPS	B	0.15%	0.12%	0.12%
SO	D	0.18%	0.46%	0.18%
SOLV	C	0.02%	0.03%	0.02%
SPG	B	0.11%	0.02%	0.02%
SPGI	C	0.3%	0.04%	0.04%
SQ	B	0.09%	0.02%	0.02%
SRE	A	0.11%	0.04%	0.04%
SSNC	B	0.03%	0.01%	0.01%
STE	F	0.04%	0.01%	0.01%
STLD	B	0.04%	0.02%	0.02%
STT	A	0.06%	0.03%	0.03%
STX	D	0.04%	0.01%	0.01%
STZ	D	0.07%	0.01%	0.01%
SUI	D	0.03%	0.01%	0.01%
SW	A	0.05%	0.03%	0.03%
SWK	D	0.03%	0.01%	0.01%
SWKS	F	0.03%	0.03%	0.03%
SYF	B	0.05%	0.04%	0.04%
SYK	C	0.27%	0.03%	0.03%
SYY	B	0.07%	0.03%	0.03%
T	A	0.31%	0.39%	0.31%
TAP	C	0.02%	0.01%	0.01%
TDG	D	0.13%	0.01%	0.01%
TDY	B	0.04%	0.06%	0.04%
TECH	D	0.02%	0.0%	0.0%
TER	D	0.03%	0.02%	0.02%
TFC	A	0.12%	0.09%	0.09%
TFX	F	0.02%	0.0%	0.0%
TGT	F	0.14%	0.15%	0.14%
TJX	A	0.26%	0.35%	0.26%
TMO	F	0.38%	0.06%	0.06%
TMUS	B	0.22%	0.76%	0.22%
TPL	A	0.05%	0.06%	0.05%
TRGP	B	0.08%	0.04%	0.04%
TRMB	B	0.03%	0.01%	0.01%
TROW	B	0.05%	0.05%	0.05%
TRU	D	0.04%	0.01%	0.01%
TRV	B	0.11%	0.3%	0.11%
TSCO	D	0.06%	0.06%	0.06%
TSLA	B	1.72%	0.16%	0.16%
TSN	B	0.03%	0.15%	0.03%
TT	A	0.18%	0.15%	0.15%
TTD	B	0.1%	0.0%	0.0%
TTWO	A	0.06%	0.01%	0.01%
TW	A	0.03%	0.0%	0.0%
TWLO	A	0.03%	0.01%	0.01%
TXN	C	0.35%	0.48%	0.35%
TXT	D	0.03%	0.01%	0.01%
TYL	B	0.05%	0.0%	0.0%
UBER	D	0.28%	0.01%	0.01%
UDR	B	0.03%	0.0%	0.0%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.0%	0.0%	0.0%
UHS	D	0.02%	0.01%	0.01%
ULTA	F	0.03%	0.06%	0.03%
UNH	C	1.05%	1.35%	1.05%
UNP	C	0.28%	0.26%	0.26%
UPS	C	0.19%	0.07%	0.07%
URI	B	0.11%	0.02%	0.02%
USB	A	0.15%	0.09%	0.09%
UTHR	C	0.03%	0.15%	0.03%
V	A	1.0%	1.21%	1.0%
VEEV	C	0.06%	0.05%	0.05%
VICI	C	0.06%	0.02%	0.02%
VLO	C	0.09%	0.08%	0.08%
VLTO	D	0.05%	0.05%	0.05%
VMC	B	0.07%	0.01%	0.01%
VRSK	A	0.08%	0.01%	0.01%
VRSN	F	0.03%	0.14%	0.03%
VRT	B	0.08%	0.0%	0.0%
VRTX	F	0.23%	0.43%	0.23%
VST	B	0.09%	0.01%	0.01%
VTR	C	0.05%	0.01%	0.01%
VTRS	A	0.03%	0.03%	0.03%
VZ	C	0.34%	0.58%	0.34%
WAB	B	0.07%	0.01%	0.01%
WAT	B	0.04%	0.04%	0.04%
WBA	F	0.01%	0.04%	0.01%
WBD	C	0.04%	0.07%	0.04%
WDAY	B	0.11%	0.04%	0.04%
WDC	D	0.04%	0.01%	0.01%
WEC	A	0.06%	0.2%	0.06%
WELL	A	0.16%	0.02%	0.02%
WFC	A	0.49%	0.28%	0.28%
WLK	D	0.01%	0.0%	0.0%
WM	A	0.15%	0.52%	0.15%
WMB	A	0.13%	0.19%	0.13%
WMT	A	0.7%	0.76%	0.7%
WPC	D	0.02%	0.01%	0.01%
WRB	A	0.04%	0.14%	0.04%
WSM	B	0.03%	0.03%	0.03%
WSO	A	0.04%	0.03%	0.03%
WST	C	0.04%	0.04%	0.04%
WTRG	B	0.02%	0.01%	0.01%
WTW	B	0.06%	0.07%	0.06%
WY	D	0.04%	0.02%	0.02%
WYNN	D	0.02%	0.0%	0.0%
XEL	A	0.07%	0.09%	0.07%
XOM	B	1.02%	0.47%	0.47%
XYL	D	0.06%	0.01%	0.01%
YUM	B	0.07%	0.15%	0.07%
ZBH	C	0.04%	0.01%	0.01%
ZBRA	B	0.04%	0.01%	0.01%
ZM	B	0.04%	0.01%	0.01%
ZTS	D	0.15%	0.15%	0.15%

ILCB Overweight 59 Positions Relative to QWLD

Symbol	Grade	Weight
CRH	A	0.13%
TEL	B	0.09%
FERG	B	0.08%
HUBS	A	0.07%
TEAM	A	0.07%
CPNG	D	0.06%
UAL	A	0.06%
ALNY	D	0.06%
MTD	D	0.05%
ZS	C	0.04%
IBKR	A	0.04%
EXE	B	0.04%
COO	D	0.04%
MDB	C	0.04%
RNR	C	0.03%
SAIA	B	0.03%
USFD	A	0.03%
THC	D	0.03%
CASY	A	0.03%
FLEX	A	0.03%
RGA	A	0.03%
TOL	B	0.03%
FIX	A	0.03%
XPO	B	0.03%
NTNX	A	0.03%
FWONK	B	0.03%
NTRA	B	0.03%
MEDP	D	0.02%
WING	D	0.02%
AR	B	0.02%
MORN	B	0.02%
WMS	D	0.02%
SRPT	D	0.02%
CHDN	B	0.02%
UNM	A	0.02%
BJ	A	0.02%
FND	C	0.02%
TTEK	F	0.02%
BLD	D	0.02%
RRX	B	0.02%
NVT	B	0.02%
LECO	B	0.02%
SCI	B	0.02%
CLH	B	0.02%
PFGC	B	0.02%
COTY	F	0.01%
PAG	B	0.01%
NWS	B	0.01%
CELH	F	0.01%
BRKR	D	0.01%
U	C	0.01%
SNX	C	0.01%
PCOR	B	0.01%
SIRI	C	0.01%
AZPN	A	0.01%
CNM	D	0.01%
FWONA	B	0.0%
ALAB	B	0.0%
AGR	B	0.0%

ILCB Underweight 56 Positions Relative to QWLD

Symbol	Grade	Weight
NVS	D	-0.79%
UL	D	-0.27%
WCN	A	-0.27%
HSBH	B	-0.25%
CBOE	B	-0.24%
MFG	B	-0.24%
CHKP	D	-0.17%
TM	D	-0.15%
MUFG	B	-0.14%
TD	F	-0.12%
E	F	-0.12%
BCS	C	-0.11%
DEO	F	-0.11%
CNI	D	-0.1%
SMFG	B	-0.1%
LYG	F	-0.09%
AIZ	A	-0.08%
SONY	B	-0.08%
STLA	F	-0.08%
HMC	F	-0.07%
LOGI	D	-0.06%
BTI	B	-0.05%
MT	B	-0.05%
TTC	D	-0.02%
MKTX	D	-0.02%
SEIC	B	-0.02%
NMR	B	-0.02%
AER	B	-0.02%
CTLT	B	-0.01%
MBAVU	D	-0.01%
HSIC	B	-0.01%
CCEP	C	-0.01%
CHRD	D	-0.01%
AGCO	D	-0.01%
WFG	D	-0.01%
SE	B	-0.01%
KNX	B	-0.01%
CRBG	B	-0.01%
CHRW	C	-0.01%
PARA	C	-0.01%
GLBE	B	-0.0%
IOT	A	-0.0%
XRX	F	-0.0%
TOST	B	-0.0%
H	B	-0.0%
FUTU	D	-0.0%
GRAB	B	-0.0%
ROKU	D	-0.0%
RIVN	F	-0.0%
Z	A	-0.0%
MTCH	D	-0.0%
QGEN	D	-0.0%
BBWI	D	-0.0%
BIO	D	-0.0%
OTEX	D	-0.0%
FBIN	D	-0.0%