IUS vs. QUS ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to SPDR MSCI USA Quality Mix ETF (QUS)

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.06

Average Daily Volume

64,405

Number of Holdings ^*

541

* 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

$156.84

Average Daily Volume

23,407

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	IUS	QUS
30 Days	2.69%	2.08%
60 Days	3.73%	4.77%
90 Days	5.47%	6.12%
12 Months	24.70%	28.73%

397 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in QUS	Overlap
A	C	0.06%	0.12%	0.06%
AAPL	C	4.9%	3.27%	3.27%
ABBV	C	0.8%	0.59%	0.59%
ABNB	D	0.11%	0.02%	0.02%
ABT	C	0.41%	0.16%	0.16%
ACGL	C	0.13%	0.42%	0.13%
ACI	F	0.12%	0.03%	0.03%
ACM	B	0.05%	0.01%	0.01%
ACN	C	0.49%	1.19%	0.49%
ADBE	F	0.33%	0.78%	0.33%
ADM	D	0.33%	0.09%	0.09%
ADP	B	0.17%	0.51%	0.17%
ADSK	C	0.07%	0.14%	0.07%
AES	C	0.05%	0.02%	0.02%
AFG	B	0.05%	0.15%	0.05%
AIZ	B	0.05%	0.11%	0.05%
AKAM	D	0.05%	0.17%	0.05%
ALB	D	0.04%	0.02%	0.02%
ALGN	D	0.03%	0.01%	0.01%
ALL	B	0.26%	0.06%	0.06%
AMAT	D	0.22%	0.55%	0.22%
AMCR	B	0.08%	0.02%	0.02%
AMD	D	0.22%	0.07%	0.07%
AME	C	0.06%	0.02%	0.02%
AMGN	B	0.28%	0.33%	0.28%
AMZN	C	1.94%	0.64%	0.64%
ANET	B	0.04%	0.38%	0.04%
ANSS	D	0.03%	0.01%	0.01%
AON	B	0.16%	0.2%	0.16%
AOS	D	0.03%	0.03%	0.03%
APA	F	0.06%	0.05%	0.05%
APD	B	0.13%	0.04%	0.04%
APH	D	0.09%	0.66%	0.09%
APP	C	0.03%	0.01%	0.01%
APTV	D	0.07%	0.03%	0.03%
AVGO	C	0.7%	0.6%	0.6%
AVTR	B	0.04%	0.01%	0.01%
AVY	C	0.04%	0.01%	0.01%
AXP	B	0.48%	0.1%	0.1%
AZO	D	0.15%	0.37%	0.15%
BA	F	0.13%	0.03%	0.03%
BAH	C	0.03%	0.21%	0.03%
BALL	C	0.05%	0.02%	0.02%
BAX	C	0.08%	0.03%	0.03%
BBY	C	0.16%	0.1%	0.1%
BDX	D	0.17%	0.26%	0.17%
BEN	F	0.03%	0.01%	0.01%
BG	D	0.15%	0.05%	0.05%
BIIB	F	0.07%	0.03%	0.03%
BKNG	C	0.33%	0.03%	0.03%
BKR	C	0.14%	0.03%	0.03%
BLDR	C	0.12%	0.08%	0.08%
BMY	C	0.58%	0.31%	0.31%
BR	D	0.04%	0.03%	0.03%
BRK.A	C	3.06%	1.07%	1.07%
BRO	C	0.03%	0.01%	0.01%
BSX	B	0.11%	0.04%	0.04%
BURL	B	0.04%	0.01%	0.01%
BX	B	0.21%	0.04%	0.04%
CAG	C	0.08%	0.02%	0.02%
CAH	C	0.48%	0.12%	0.12%
CARR	B	0.11%	0.04%	0.04%
CAT	B	0.42%	0.58%	0.42%
CB	B	0.47%	0.66%	0.47%
CBOE	C	0.04%	0.31%	0.04%
CBRE	A	0.13%	0.04%	0.04%
CCK	A	0.05%	0.02%	0.02%
CCL	C	0.08%	0.01%	0.01%
CDNS	D	0.04%	0.27%	0.04%
CDW	D	0.07%	0.25%	0.07%
CE	F	0.05%	0.02%	0.02%
CEG	C	0.03%	0.03%	0.03%
CF	C	0.09%	0.03%	0.03%
CHD	D	0.04%	0.14%	0.04%
CHK	D	0.07%	0.03%	0.03%
CHRD	F	0.04%	0.02%	0.02%
CHRW	B	0.08%	0.02%	0.02%
CHTR	D	0.3%	0.08%	0.08%
CI	C	0.75%	0.27%	0.27%
CINF	B	0.09%	0.03%	0.03%
CL	D	0.15%	0.19%	0.15%
CLX	C	0.04%	0.01%	0.01%
CMCSA	D	1.09%	0.4%	0.4%
CMG	C	0.05%	0.22%	0.05%
CMI	C	0.14%	0.14%	0.14%
CMS	C	0.07%	0.09%	0.07%
CNC	D	0.41%	0.11%	0.11%
CNP	C	0.09%	0.02%	0.02%
COP	D	0.67%	0.16%	0.16%
COST	B	0.75%	1.35%	0.75%
CPAY	B	0.05%	0.01%	0.01%
CPB	C	0.04%	0.14%	0.04%
CPRT	D	0.03%	0.13%	0.03%
CRM	D	0.41%	0.09%	0.09%
CSCO	C	0.67%	1.19%	0.67%
CSGP	D	0.03%	0.01%	0.01%
CSL	B	0.04%	0.01%	0.01%
CSX	D	0.22%	0.05%	0.05%
CTAS	B	0.06%	0.23%	0.06%
CTRA	D	0.11%	0.03%	0.03%
CTSH	C	0.14%	0.4%	0.14%
CTVA	B	0.13%	0.17%	0.13%
CVS	D	1.08%	0.32%	0.32%
CVX	D	1.52%	0.49%	0.49%
DAL	C	0.04%	0.01%	0.01%
DASH	C	0.05%	0.01%	0.01%
DD	B	0.15%	0.04%	0.04%
DE	B	0.38%	0.11%	0.11%
DECK	C	0.03%	0.08%	0.03%
DELL	D	0.19%	0.05%	0.05%
DG	F	0.08%	0.02%	0.02%
DGX	B	0.07%	0.06%	0.06%
DHI	B	0.21%	0.23%	0.21%
DHR	B	0.27%	0.1%	0.1%
DINO	F	0.11%	0.03%	0.03%
DIS	D	0.47%	0.14%	0.14%
DKS	D	0.07%	0.02%	0.02%
DLTR	F	0.06%	0.02%	0.02%
DOV	B	0.05%	0.02%	0.02%
DOW	D	0.22%	0.07%	0.07%
DRI	B	0.06%	0.01%	0.01%
DTE	C	0.11%	0.1%	0.1%
DVA	B	0.05%	0.01%	0.01%
DVN	F	0.13%	0.04%	0.04%
DXCM	F	0.02%	0.0%	0.0%
EA	D	0.09%	0.29%	0.09%
EBAY	B	0.13%	0.02%	0.02%
ECL	B	0.08%	0.03%	0.03%
ED	C	0.16%	0.46%	0.16%
EFX	B	0.05%	0.02%	0.02%
EG	C	0.1%	0.18%	0.1%
EL	F	0.06%	0.01%	0.01%
ELV	C	0.56%	0.41%	0.41%
EME	B	0.04%	0.06%	0.04%
EMN	B	0.06%	0.02%	0.02%
EMR	D	0.12%	0.04%	0.04%
EOG	D	0.32%	0.14%	0.14%
EQIX	C	0.1%	0.02%	0.02%
EQT	D	0.07%	0.02%	0.02%
ETN	C	0.14%	0.04%	0.04%
EW	F	0.05%	0.13%	0.05%
EXC	C	0.18%	0.06%	0.06%
EXPD	C	0.09%	0.07%	0.07%
EXPE	C	0.11%	0.01%	0.01%
F	F	0.56%	0.16%	0.16%
FANG	D	0.16%	0.22%	0.16%
FAST	C	0.06%	0.13%	0.06%
FCX	D	0.12%	0.04%	0.04%
FDX	C	0.38%	0.12%	0.12%
FE	C	0.1%	0.03%	0.03%
FFIV	B	0.03%	0.21%	0.03%
FOXA	B	0.14%	0.02%	0.02%
FSLR	C	0.03%	0.03%	0.03%
FTNT	C	0.06%	0.01%	0.01%
FTV	C	0.06%	0.02%	0.02%
GD	B	0.21%	0.08%	0.08%
GDDY	C	0.04%	0.29%	0.04%
GE	B	0.41%	0.11%	0.11%
GEHC	C	0.07%	0.03%	0.03%
GILD	B	0.37%	0.41%	0.37%
GIS	B	0.16%	0.3%	0.16%
GLW	C	0.12%	0.13%	0.12%
GM	C	0.83%	0.27%	0.27%
GOOGL	D	3.28%	1.12%	1.12%
GPC	D	0.07%	0.02%	0.02%
GRMN	D	0.05%	0.17%	0.05%
GWW	B	0.08%	0.17%	0.08%
H	C	0.04%	0.0%	0.0%
HAL	F	0.09%	0.03%	0.03%
HCA	B	0.27%	0.07%	0.07%
HD	B	0.88%	0.33%	0.33%
HES	F	0.08%	0.02%	0.02%
HIG	B	0.19%	0.09%	0.09%
HII	D	0.04%	0.01%	0.01%
HLT	B	0.09%	0.01%	0.01%
HOLX	B	0.05%	0.08%	0.05%
HON	D	0.3%	0.48%	0.3%
HPE	D	0.17%	0.05%	0.05%
HPQ	D	0.17%	0.06%	0.06%
HRL	C	0.06%	0.09%	0.06%
HSIC	C	0.04%	0.01%	0.01%
HST	C	0.04%	0.01%	0.01%
HSY	C	0.08%	0.22%	0.08%
HUBB	B	0.03%	0.06%	0.03%
HUM	F	0.32%	0.23%	0.23%
HWM	B	0.04%	0.01%	0.01%
IBM	B	0.54%	0.72%	0.54%
IFF	B	0.09%	0.02%	0.02%
ILMN	C	0.03%	0.01%	0.01%
INTC	F	0.35%	0.15%	0.15%
INTU	C	0.19%	0.04%	0.04%
IP	B	0.12%	0.03%	0.03%
IPG	C	0.05%	0.02%	0.02%
IQV	C	0.09%	0.03%	0.03%
IR	C	0.05%	0.02%	0.02%
IRM	C	0.06%	0.01%	0.01%
ISRG	B	0.12%	0.03%	0.03%
IT	B	0.04%	0.13%	0.04%
ITW	C	0.14%	0.26%	0.14%
J	C	0.07%	0.02%	0.02%
JBHT	D	0.05%	0.05%	0.05%
JBL	D	0.09%	0.02%	0.02%
JCI	B	0.15%	0.04%	0.04%
JNJ	C	1.04%	1.8%	1.04%
JNPR	B	0.05%	0.18%	0.05%
K	B	0.09%	0.3%	0.09%
KDP	B	0.14%	0.28%	0.14%
KEYS	C	0.05%	0.27%	0.05%
KHC	C	0.27%	0.21%	0.21%
KLAC	D	0.12%	0.36%	0.12%
KMB	D	0.12%	0.11%	0.11%
KMI	B	0.23%	0.05%	0.05%
KMX	D	0.08%	0.03%	0.03%
KNX	C	0.05%	0.04%	0.04%
KO	C	0.52%	0.96%	0.52%
KR	C	0.35%	0.31%	0.31%
LDOS	B	0.06%	0.02%	0.02%
LEN	B	0.22%	0.07%	0.07%
LHX	C	0.14%	0.04%	0.04%
LIN	B	0.42%	0.17%	0.17%
LKQ	F	0.06%	0.02%	0.02%
LLY	C	0.28%	2.43%	0.28%
LMT	C	0.53%	0.79%	0.53%
LNG	C	0.22%	0.05%	0.05%
LOW	B	0.46%	0.12%	0.12%
LPLA	D	0.04%	0.05%	0.04%
LRCX	F	0.14%	0.34%	0.14%
LULU	D	0.04%	0.1%	0.04%
LUV	C	0.03%	0.01%	0.01%
LVS	D	0.05%	0.01%	0.01%
LYB	D	0.15%	0.05%	0.05%
LYV	B	0.03%	0.01%	0.01%
MA	B	0.45%	1.63%	0.45%
MAR	C	0.14%	0.02%	0.02%
MAS	B	0.04%	0.01%	0.01%
MCD	B	0.3%	0.52%	0.3%
MCHP	F	0.09%	0.12%	0.09%
MCK	F	0.54%	0.53%	0.53%
MCO	B	0.07%	0.21%	0.07%
MDLZ	B	0.27%	0.26%	0.26%
MDT	C	0.38%	0.16%	0.16%
MELI	B	0.11%	0.08%	0.08%
META	B	2.08%	2.24%	2.08%
MGM	F	0.07%	0.01%	0.01%
MKC	C	0.05%	0.01%	0.01%
MKL	C	0.1%	0.14%	0.1%
MLM	D	0.05%	0.02%	0.02%
MMC	C	0.19%	0.72%	0.19%
MMM	B	0.29%	0.29%	0.29%
MNST	D	0.04%	0.12%	0.04%
MO	C	0.35%	0.06%	0.06%
MOH	D	0.08%	0.16%	0.08%
MOS	F	0.09%	0.03%	0.03%
MPC	F	0.7%	0.34%	0.34%
MRK	D	0.5%	0.56%	0.5%
MRNA	F	0.04%	0.02%	0.02%
MRO	C	0.14%	0.03%	0.03%
MRVL	C	0.08%	0.02%	0.02%
MSCI	C	0.04%	0.01%	0.01%
MSFT	C	2.83%	2.86%	2.83%
MSI	B	0.08%	0.58%	0.08%
MTD	D	0.03%	0.01%	0.01%
MU	F	0.16%	0.07%	0.07%
NDAQ	A	0.05%	0.02%	0.02%
NEM	B	0.17%	0.25%	0.17%
NFLX	B	0.28%	0.12%	0.12%
NKE	D	0.29%	0.3%	0.29%
NOC	B	0.23%	0.59%	0.23%
NOW	B	0.1%	0.24%	0.1%
NRG	C	0.06%	0.02%	0.02%
NSC	C	0.17%	0.05%	0.05%
NTAP	D	0.06%	0.16%	0.06%
NUE	F	0.21%	0.07%	0.07%
NVDA	D	0.76%	2.36%	0.76%
NVR	B	0.08%	0.11%	0.08%
NWSA	D	0.06%	0.01%	0.01%
OC	D	0.06%	0.02%	0.02%
ODFL	D	0.05%	0.12%	0.05%
OKE	B	0.15%	0.05%	0.05%
OMC	B	0.07%	0.07%	0.07%
ON	D	0.06%	0.03%	0.03%
ORCL	C	0.31%	0.48%	0.31%
ORLY	C	0.13%	0.25%	0.13%
OTIS	C	0.05%	0.04%	0.04%
OVV	F	0.08%	0.03%	0.03%
OXY	F	0.3%	0.1%	0.1%
PANW	D	0.06%	0.29%	0.06%
PARA	F	0.1%	0.03%	0.03%
PAYX	C	0.06%	0.16%	0.06%
PCAR	D	0.16%	0.05%	0.05%
PEP	C	0.49%	1.15%	0.49%
PFE	C	0.77%	0.39%	0.39%
PG	C	0.83%	0.62%	0.62%
PGR	B	0.31%	0.66%	0.31%
PH	B	0.13%	0.03%	0.03%
PHM	B	0.11%	0.12%	0.11%
PINS	F	0.02%	0.0%	0.0%
PKG	B	0.06%	0.08%	0.06%
PM	C	0.38%	0.11%	0.11%
POOL	C	0.03%	0.04%	0.03%
PPG	D	0.08%	0.03%	0.03%
PPL	C	0.09%	0.03%	0.03%
PSA	B	0.15%	0.16%	0.15%
PSX	F	0.47%	0.14%	0.14%
PWR	B	0.06%	0.02%	0.02%
PYPL	B	0.28%	0.06%	0.06%
QCOM	D	0.32%	0.58%	0.32%
QRVO	F	0.04%	0.01%	0.01%
RCL	B	0.08%	0.01%	0.01%
REGN	C	0.23%	0.4%	0.23%
RMD	C	0.04%	0.1%	0.04%
ROK	D	0.05%	0.1%	0.05%
ROP	C	0.08%	0.48%	0.08%
ROST	C	0.12%	0.03%	0.03%
RPM	B	0.04%	0.01%	0.01%
RS	D	0.07%	0.02%	0.02%
RSG	D	0.08%	0.54%	0.08%
RTX	C	0.7%	0.19%	0.19%
SBAC	C	0.04%	0.01%	0.01%
SBUX	C	0.21%	0.06%	0.06%
SHW	B	0.14%	0.26%	0.14%
SJM	C	0.07%	0.02%	0.02%
SLB	F	0.17%	0.05%	0.05%
SNA	C	0.05%	0.05%	0.05%
SNOW	F	0.03%	0.0%	0.0%
SNPS	D	0.06%	0.26%	0.06%
SQ	D	0.08%	0.02%	0.02%
SSNC	B	0.05%	0.02%	0.02%
STE	C	0.05%	0.01%	0.01%
STLD	F	0.1%	0.03%	0.03%
STX	C	0.04%	0.07%	0.04%
STZ	D	0.11%	0.02%	0.02%
SW	B	0.07%	0.02%	0.02%
SWK	B	0.09%	0.03%	0.03%
SWKS	D	0.06%	0.06%	0.06%
SYK	C	0.15%	0.05%	0.05%
SYY	D	0.2%	0.05%	0.05%
T	C	1.37%	0.67%	0.67%
TAP	D	0.08%	0.02%	0.02%
TDG	B	0.05%	0.01%	0.01%
TDY	B	0.04%	0.2%	0.04%
TEL	D	0.13%	0.17%	0.13%
TER	D	0.03%	0.06%	0.03%
TGT	C	0.32%	0.1%	0.1%
TJX	B	0.29%	0.57%	0.29%
TMO	B	0.39%	0.13%	0.13%
TMUS	C	0.35%	0.69%	0.35%
TRGP	B	0.11%	0.02%	0.02%
TROW	D	0.07%	0.08%	0.07%
TRV	C	0.28%	0.44%	0.28%
TSCO	C	0.06%	0.09%	0.06%
TSLA	C	0.49%	0.2%	0.2%
TSN	C	0.19%	0.29%	0.19%
TT	B	0.11%	0.24%	0.11%
TTWO	C	0.03%	0.01%	0.01%
TW	B	0.03%	0.06%	0.03%
TWLO	D	0.04%	0.01%	0.01%
TXN	C	0.28%	1.07%	0.28%
TXT	D	0.08%	0.02%	0.02%
UBER	C	0.12%	0.18%	0.12%
UHS	B	0.08%	0.02%	0.02%
ULTA	D	0.06%	0.08%	0.06%
UNH	C	1.67%	2.27%	1.67%
UNP	C	0.29%	0.09%	0.09%
UPS	D	0.44%	0.11%	0.11%
URI	B	0.12%	0.04%	0.04%
UTHR	C	0.04%	0.1%	0.04%
V	C	0.73%	1.8%	0.73%
VLO	F	0.48%	0.14%	0.14%
VMC	D	0.05%	0.01%	0.01%
VRSK	D	0.09%	0.15%	0.09%
VRSN	D	0.03%	0.23%	0.03%
VRTX	D	0.12%	0.61%	0.12%
VST	C	0.09%	0.01%	0.01%
VTRS	D	0.13%	0.05%	0.05%
VZ	B	1.25%	0.88%	0.88%
WAB	B	0.06%	0.02%	0.02%
WBA	F	0.14%	0.07%	0.07%
WBD	D	0.21%	0.11%	0.11%
WCN	D	0.07%	0.55%	0.07%
WDAY	D	0.06%	0.15%	0.06%
WDC	D	0.04%	0.02%	0.02%
WM	D	0.16%	0.51%	0.16%
WMT	C	1.24%	0.92%	0.92%
WRB	C	0.08%	0.12%	0.08%
WSM	D	0.04%	0.06%	0.04%
WSO	C	0.03%	0.05%	0.03%
WST	D	0.03%	0.06%	0.03%
WTW	C	0.1%	0.15%	0.1%
WY	C	0.07%	0.03%	0.03%
XEL	B	0.17%	0.19%	0.17%
XOM	C	2.35%	0.77%	0.77%
XYL	C	0.04%	0.02%	0.02%
YUM	D	0.03%	0.19%	0.03%
ZBH	F	0.07%	0.02%	0.02%
ZM	C	0.05%	0.01%	0.01%
ZTS	C	0.1%	0.27%	0.1%

IUS Overweight 144 Positions Relative to QUS

Symbol	Grade	Weight
LUMN	C	0.32%
SNX	D	0.11%
RGA	C	0.1%
PFGC	B	0.1%
FLEX	C	0.09%
USFD	B	0.09%
ARW	C	0.09%
SNEX	B	0.09%
UNFI	C	0.08%
THC	A	0.08%
X	F	0.08%
DXC	C	0.08%
ORI	B	0.07%
PBF	F	0.07%
TOL	B	0.07%
BERY	B	0.07%
R	A	0.07%
JLL	B	0.07%
TX	D	0.07%
SATS	C	0.06%
ZIM	C	0.06%
LEA	F	0.06%
MUSA	D	0.06%
RNR	C	0.06%
WHR	D	0.06%
LAD	D	0.06%
UGI	C	0.05%
BJ	D	0.05%
KSS	F	0.05%
SWN	D	0.05%
TPR	C	0.05%
CZR	C	0.05%
CASY	D	0.05%
OMF	D	0.05%
GPI	B	0.05%
M	F	0.05%
CPNG	B	0.05%
AN	D	0.05%
VFC	C	0.05%
ARMK	B	0.05%
BWA	D	0.05%
CLF	F	0.05%
CAR	F	0.05%
AVT	C	0.05%
MHK	C	0.05%
BECN	D	0.04%
RRX	C	0.04%
COHR	C	0.04%
SKX	D	0.04%
MUR	F	0.04%
ANDE	D	0.04%
BTU	D	0.04%
PENN	D	0.04%
FLR	D	0.04%
POST	C	0.04%
AR	F	0.04%
TDS	C	0.04%
CMC	D	0.04%
SCI	B	0.04%
PVH	F	0.04%
INGR	B	0.04%
CNX	B	0.04%
FYBR	C	0.04%
ABG	D	0.04%
CPRI	D	0.04%
OLN	D	0.04%
AGCO	D	0.04%
RL	C	0.04%
NCLH	C	0.04%
THO	D	0.04%
GPK	B	0.04%
CIVI	F	0.04%
FAF	B	0.04%
NXST	D	0.04%
WCC	D	0.04%
UAL	C	0.04%
TPG	B	0.04%
LBRDK	F	0.04%
KBH	A	0.04%
DOX	C	0.04%
TMHC	A	0.04%
MAN	C	0.04%
PRGO	D	0.03%
AA	D	0.03%
RRC	D	0.03%
WU	F	0.03%
MTN	D	0.03%
PR	F	0.03%
OSK	F	0.03%
DAR	F	0.03%
GXO	D	0.03%
SON	C	0.03%
MTDR	F	0.03%
GAP	F	0.03%
RHI	D	0.03%
ADNT	F	0.03%
BCC	B	0.03%
CVI	F	0.03%
SM	F	0.03%
RH	B	0.03%
TNET	F	0.03%
TGNA	D	0.03%
DK	F	0.03%
FTI	D	0.03%
VVV	D	0.03%
AMKR	F	0.03%
ASO	C	0.03%
KD	D	0.03%
NFG	B	0.03%
JHG	B	0.03%
NWL	C	0.03%
HTZ	F	0.03%
BC	C	0.03%
SAIC	C	0.03%
WSC	D	0.03%
OGS	B	0.03%
NSIT	D	0.03%
MTH	A	0.03%
HAS	B	0.03%
UFPI	C	0.03%
HUN	D	0.03%
JAZZ	D	0.03%
HOG	C	0.03%
PII	D	0.03%
AMG	C	0.03%
ALV	F	0.03%
NU	B	0.03%
GT	F	0.03%
CACI	B	0.03%
HRB	C	0.03%
ATKR	F	0.02%
AAP	F	0.02%
AMR	F	0.02%
CNM	F	0.02%
DAN	F	0.02%
ODP	F	0.02%
ARCH	F	0.02%
AAL	D	0.02%
SIG	C	0.02%
HP	F	0.02%
XRX	D	0.02%
IAC	C	0.02%
NOV	F	0.02%
ELAN	D	0.02%

IUS Underweight 182 Positions Relative to QUS

Symbol	Grade	Weight
GOOG	D	-1.04%
JPM	D	-0.9%
DUK	C	-0.64%
BAC	D	-0.59%
SO	B	-0.56%
AJG	D	-0.47%
BLK	B	-0.4%
C	C	-0.38%
WFC	D	-0.36%
FCNCA	D	-0.29%
WEC	C	-0.29%
GS	C	-0.25%
ERIE	B	-0.22%
CME	C	-0.22%
AEP	C	-0.21%
AFL	C	-0.21%
PTC	D	-0.17%
FICO	B	-0.17%
INCY	C	-0.17%
ROL	C	-0.17%
PNC	B	-0.15%
USB	B	-0.15%
IDXX	C	-0.15%
ICE	C	-0.15%
ADI	C	-0.15%
MS	D	-0.15%
D	C	-0.14%
TFC	C	-0.14%
COF	B	-0.13%
NBIX	F	-0.12%
AIG	D	-0.12%
L	C	-0.12%
WMB	B	-0.12%
MPWR	C	-0.12%
NEE	C	-0.11%
BMRN	F	-0.11%
AEE	C	-0.1%
VEEV	C	-0.09%
VLTO	C	-0.09%
PLD	C	-0.09%
PRU	C	-0.08%
BK	B	-0.08%
MET	B	-0.08%
ALNY	C	-0.08%
MANH	B	-0.07%
MTB	B	-0.07%
SPGI	B	-0.07%
FITB	B	-0.06%
SCHW	D	-0.06%
PCG	C	-0.06%
DFS	B	-0.06%
SRE	C	-0.06%
CFG	C	-0.06%
SOLV	C	-0.06%
HUBS	D	-0.06%
WAT	C	-0.06%
DPZ	F	-0.06%
SMCI	F	-0.06%
AMT	C	-0.05%
ENPH	D	-0.05%
EIX	C	-0.05%
HBAN	B	-0.05%
FDS	C	-0.05%
SYF	C	-0.05%
O	C	-0.05%
LNT	B	-0.05%
RF	B	-0.05%
CRWD	D	-0.05%
STT	A	-0.05%
TPL	B	-0.05%
KKR	B	-0.04%
KEY	B	-0.04%
EPAM	F	-0.04%
PEG	B	-0.04%
GPN	D	-0.04%
JKHY	B	-0.04%
ATO	B	-0.04%
ALLE	B	-0.04%
VICI	C	-0.04%
ETR	B	-0.04%
KVUE	C	-0.04%
IEX	D	-0.04%
GGG	C	-0.04%
SEIC	C	-0.03%
RJF	C	-0.03%
EXR	B	-0.03%
LW	D	-0.03%
PAYC	D	-0.03%
TTC	D	-0.03%
NTRS	A	-0.03%
SPG	B	-0.03%
ES	C	-0.03%
MKTX	C	-0.03%
NXPI	F	-0.03%
CCI	C	-0.03%
GEV	B	-0.03%
AMP	A	-0.03%
PFG	B	-0.03%
FIS	B	-0.03%
DLR	B	-0.03%
WELL	C	-0.03%
BXP	B	-0.02%
EQH	C	-0.02%
NI	B	-0.02%
VTR	C	-0.02%
KIM	C	-0.02%
CRBG	D	-0.02%
AWK	B	-0.02%
APO	C	-0.02%
EVRG	B	-0.02%
FNF	B	-0.02%
EQR	B	-0.02%
AVB	B	-0.02%
ARE	C	-0.02%
ALLY	F	-0.02%
CNH	D	-0.02%
VRT	C	-0.01%
BBWI	F	-0.01%
Z	B	-0.01%
TYL	C	-0.01%
ENTG	F	-0.01%
BIO	C	-0.01%
MTCH	C	-0.01%
LII	B	-0.01%
NDSN	C	-0.01%
COIN	F	-0.01%
ARES	B	-0.01%
RIVN	F	-0.01%
UDR	C	-0.01%
CTLT	B	-0.01%
AMH	C	-0.01%
WLK	D	-0.01%
CRL	F	-0.01%
UHAL	A	-0.01%
FOX	B	-0.01%
RPRX	C	-0.01%
PNR	B	-0.01%
TFX	C	-0.01%
CPT	B	-0.01%
WTRG	D	-0.01%
GLPI	C	-0.01%
TRMB	C	-0.01%
TRU	B	-0.01%
ZBRA	B	-0.01%
CG	D	-0.01%
REG	C	-0.01%
ESS	B	-0.01%
SUI	B	-0.01%
WPC	C	-0.01%
MAA	B	-0.01%
INVH	C	-0.01%
DOC	C	-0.01%
CELH	F	-0.0%
TEAM	D	-0.0%
ZS	F	-0.0%
IOT	B	-0.0%
NET	D	-0.0%
TOST	C	-0.0%
RBLX	B	-0.0%
MDB	D	-0.0%
DKNG	C	-0.0%
MSTR	D	-0.0%
DDOG	D	-0.0%
BSY	D	-0.0%
PSTG	F	-0.0%
SNAP	F	-0.0%
DOCU	C	-0.0%
WYNN	D	-0.0%
DT	C	-0.0%
DAY	D	-0.0%
PODD	B	-0.0%
AXON	B	-0.0%
HEI	B	-0.0%
ROKU	C	-0.0%
HOOD	C	-0.0%
HEI	B	-0.0%
EXAS	C	-0.0%
PLTR	B	-0.0%
ELS	C	-0.0%
TTD	B	-0.0%
OKTA	F	-0.0%
TECH	C	-0.0%