IUS vs. QVML ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

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

$51.77

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.16

Average Daily Volume

1,434

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	IUS	QVML
30 Days	3.50%	2.51%
60 Days	3.79%	4.26%
90 Days	5.45%	5.72%
12 Months	27.21%	32.76%

333 Overlapping Holdings

	Symbol	Grade	Weight in IUS	Weight in QVML	Overlap
	A	D	0.05%	0.08%	0.05%
	AAPL	C	4.81%	7.12%	4.81%
	ABBV	D	0.63%	0.64%	0.63%
	ABNB	C	0.13%	0.13%	0.13%
	ABT	B	0.38%	0.41%	0.38%
	ACGL	D	0.1%	0.08%	0.08%
	ACN	C	0.48%	0.47%	0.47%
	ADBE	C	0.27%	0.49%	0.27%
	ADM	D	0.28%	0.06%	0.06%
	ADP	B	0.17%	0.26%	0.17%
	ADSK	A	0.08%	0.14%	0.08%
	AIZ	A	0.06%	0.03%	0.03%
	AKAM	D	0.04%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.26%	0.11%	0.11%
	AMAT	F	0.2%	0.34%	0.2%
	AMCR	D	0.07%	0.03%	0.03%
	AMD	F	0.2%	0.47%	0.2%
	AME	A	0.06%	0.1%	0.06%
	AMZN	C	2.07%	3.94%	2.07%
	ANET	C	0.04%	0.21%	0.04%
	ANSS	B	0.03%	0.06%	0.03%
	AON	A	0.16%	0.17%	0.16%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.05%	0.02%	0.02%
	APH	A	0.09%	0.2%	0.09%
	APTV	D	0.05%	0.03%	0.03%
	AVGO	D	0.73%	1.61%	0.73%
	AVY	D	0.03%	0.03%	0.03%
	AXP	A	0.53%	0.35%	0.35%
	AZO	C	0.13%	0.12%	0.12%
	BALL	D	0.05%	0.04%	0.04%
	BAX	D	0.06%	0.03%	0.03%
	BBY	D	0.13%	0.04%	0.04%
	BDX	F	0.15%	0.14%	0.14%
	BEN	C	0.03%	0.01%	0.01%
	BG	F	0.13%	0.03%	0.03%
	BKNG	A	0.41%	0.36%	0.36%
	BKR	B	0.18%	0.1%	0.1%
	BLDR	D	0.12%	0.05%	0.05%
	BR	A	0.04%	0.06%	0.04%
	BRK.A	B	2.95%	1.87%	1.87%
	BRO	B	0.03%	0.06%	0.03%
	BSX	B	0.12%	0.27%	0.12%
	BWA	D	0.05%	0.02%	0.02%
	BX	A	0.26%	0.27%	0.26%
	CAG	D	0.06%	0.03%	0.03%
	CAH	B	0.48%	0.06%	0.06%
	CARR	D	0.11%	0.13%	0.11%
	CAT	B	0.45%	0.42%	0.42%
	CB	C	0.43%	0.25%	0.25%
	CBOE	B	0.03%	0.04%	0.03%
	CBRE	B	0.14%	0.08%	0.08%
	CCL	B	0.12%	0.05%	0.05%
	CDNS	B	0.05%	0.18%	0.05%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.03%	0.02%	0.02%
	CEG	D	0.04%	0.16%	0.04%
	CF	B	0.1%	0.04%	0.04%
	CHD	B	0.04%	0.05%	0.04%
	CHRW	C	0.08%	0.03%	0.03%
	CHTR	C	0.34%	0.09%	0.09%
	CI	F	0.64%	0.2%	0.2%
	CINF	A	0.1%	0.05%	0.05%
	CL	D	0.12%	0.16%	0.12%
	CMCSA	B	1.13%	0.37%	0.37%
	CMG	B	0.05%	0.17%	0.05%
	CMI	A	0.16%	0.11%	0.11%
	CMS	C	0.06%	0.04%	0.04%
	CNC	D	0.32%	0.07%	0.07%
	CNP	B	0.1%	0.04%	0.04%
	COP	C	0.68%	0.31%	0.31%
	COR	B	0.45%	0.09%	0.09%
	COST	B	0.74%	0.85%	0.74%
	CPAY	A	0.06%	0.06%	0.06%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	A	0.03%	0.11%	0.03%
	CRM	B	0.52%	0.69%	0.52%
	CSCO	B	0.74%	0.51%	0.51%
	CSGP	D	0.02%	0.06%	0.02%
	CSX	B	0.21%	0.15%	0.15%
	CTAS	B	0.07%	0.15%	0.07%
	CTRA	B	0.13%	0.04%	0.04%
	CTSH	B	0.14%	0.09%	0.09%
	CTVA	C	0.14%	0.09%	0.09%
	CVS	D	1.02%	0.15%	0.15%
	CVX	A	1.68%	0.63%	0.63%
	CZR	F	0.05%	0.02%	0.02%
	DAL	C	0.06%	0.08%	0.06%
	DD	D	0.14%	0.08%	0.08%
	DE	A	0.38%	0.21%	0.21%
	DECK	A	0.03%	0.06%	0.03%
	DG	F	0.07%	0.04%	0.04%
	DGX	A	0.07%	0.04%	0.04%
	DHI	D	0.17%	0.1%	0.1%
	DHR	F	0.21%	0.33%	0.21%
	DIS	B	0.57%	0.43%	0.43%
	DLTR	F	0.06%	0.04%	0.04%
	DOV	A	0.05%	0.06%	0.05%
	DOW	F	0.18%	0.07%	0.07%
	DRI	B	0.06%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DVA	B	0.05%	0.02%	0.02%
	DVN	F	0.12%	0.06%	0.06%
	EA	A	0.1%	0.09%	0.09%
	EBAY	D	0.12%	0.06%	0.06%
	ECL	D	0.08%	0.13%	0.08%
	ED	D	0.14%	0.07%	0.07%
	EFX	F	0.04%	0.07%	0.04%
	EG	C	0.1%	0.04%	0.04%
	ELV	F	0.39%	0.2%	0.2%
	EMN	D	0.05%	0.03%	0.03%
	EMR	A	0.15%	0.16%	0.15%
	EOG	A	0.35%	0.18%	0.18%
	EQT	B	0.1%	0.05%	0.05%
	ETN	A	0.16%	0.31%	0.16%
	EW	C	0.04%	0.09%	0.04%
	EXC	C	0.17%	0.08%	0.08%
	EXPD	D	0.08%	0.04%	0.04%
	EXPE	B	0.14%	0.05%	0.05%
	F	C	0.54%	0.1%	0.1%
	FANG	D	0.16%	0.08%	0.08%
	FAST	B	0.07%	0.1%	0.07%
	FCX	D	0.12%	0.14%	0.12%
	FDX	B	0.37%	0.15%	0.15%
	FE	C	0.09%	0.04%	0.04%
	FFIV	B	0.04%	0.03%	0.03%
	FI	A	0.36%	0.26%	0.26%
	FOXA	B	0.15%	0.04%	0.04%
	FSLR	F	0.03%	0.04%	0.03%
	FTNT	C	0.07%	0.13%	0.07%
	FTV	C	0.06%	0.06%	0.06%
	GD	F	0.19%	0.14%	0.14%
	GDDY	A	0.05%	0.06%	0.05%
	GE	D	0.41%	0.43%	0.41%
	GEHC	F	0.06%	0.07%	0.06%
	GEN	B	0.04%	0.04%	0.04%
	GILD	C	0.38%	0.24%	0.24%
	GIS	D	0.13%	0.08%	0.08%
	GLW	B	0.13%	0.08%	0.08%
	GM	B	0.96%	0.15%	0.15%
	GPC	D	0.06%	0.04%	0.04%
	GRMN	B	0.05%	0.07%	0.05%
	GWW	B	0.09%	0.11%	0.09%
	HAL	C	0.1%	0.06%	0.06%
	HCA	F	0.22%	0.14%	0.14%
	HD	A	0.89%	0.84%	0.84%
	HES	B	0.08%	0.09%	0.08%
	HIG	B	0.18%	0.07%	0.07%
	HII	D	0.03%	0.02%	0.02%
	HOLX	D	0.05%	0.04%	0.04%
	HON	B	0.31%	0.32%	0.31%
	HPE	B	0.21%	0.07%	0.07%
	HPQ	B	0.18%	0.07%	0.07%
	HRL	D	0.05%	0.02%	0.02%
	HSIC	B	0.04%	0.02%	0.02%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.06%	0.05%	0.05%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	C	0.26%	0.08%	0.08%
	HWM	A	0.05%	0.09%	0.05%
	IBM	C	0.54%	0.39%	0.39%
	IFF	D	0.07%	0.05%	0.05%
	INTC	D	0.42%	0.25%	0.25%
	INTU	C	0.19%	0.4%	0.19%
	IP	B	0.14%	0.04%	0.04%
	IPG	D	0.05%	0.02%	0.02%
	IQV	D	0.07%	0.08%	0.07%
	IR	B	0.06%	0.09%	0.06%
	ISRG	A	0.13%	0.4%	0.13%
	IT	C	0.04%	0.09%	0.04%
	ITW	B	0.14%	0.16%	0.14%
	J	F	0.06%	0.04%	0.04%
	JBHT	C	0.05%	0.03%	0.03%
	JBL	B	0.11%	0.03%	0.03%
	JCI	C	0.17%	0.12%	0.12%
	JNJ	D	0.9%	0.77%	0.77%
	JNPR	F	0.04%	0.03%	0.03%
	K	A	0.08%	0.05%	0.05%
	KDP	D	0.11%	0.07%	0.07%
	KEYS	A	0.05%	0.06%	0.05%
	KHC	F	0.22%	0.05%	0.05%
	KLAC	D	0.1%	0.2%	0.1%
	KMB	D	0.11%	0.09%	0.09%
	KMI	A	0.28%	0.11%	0.11%
	KMX	B	0.07%	0.03%	0.03%
	KO	D	0.43%	0.52%	0.43%
	KR	B	0.36%	0.09%	0.09%
	LDOS	C	0.06%	0.05%	0.05%
	LEN	D	0.2%	0.09%	0.09%
	LH	C	0.1%	0.05%	0.05%
	LHX	C	0.15%	0.1%	0.1%
	LIN	D	0.39%	0.47%	0.39%
	LKQ	D	0.05%	0.02%	0.02%
	LLY	F	0.22%	1.38%	0.22%
	LMT	D	0.47%	0.24%	0.24%
	LRCX	F	0.13%	0.22%	0.13%
	LULU	C	0.05%	0.08%	0.05%
	LUV	C	0.03%	0.04%	0.03%
	LYB	F	0.13%	0.05%	0.05%
	MA	C	0.45%	0.89%	0.45%
	MAS	D	0.04%	0.04%	0.04%
	MCHP	D	0.07%	0.08%	0.07%
	MCK	B	0.63%	0.18%	0.18%
	MCO	B	0.07%	0.16%	0.07%
	MDLZ	F	0.22%	0.18%	0.18%
	MDT	D	0.34%	0.24%	0.24%
	META	D	2.2%	2.71%	2.2%
	MGM	D	0.07%	0.02%	0.02%
	MHK	D	0.05%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.05%	0.08%	0.05%
	MMC	B	0.17%	0.23%	0.17%
	MMM	D	0.27%	0.16%	0.16%
	MNST	C	0.05%	0.08%	0.05%
	MO	A	0.34%	0.2%	0.2%
	MOH	F	0.07%	0.04%	0.04%
	MOS	F	0.09%	0.02%	0.02%
	MPC	D	0.65%	0.13%	0.13%
	MRK	F	0.39%	0.54%	0.39%
	MRNA	F	0.02%	0.03%	0.02%
	MRO	B	0.14%	0.04%	0.04%
	MSFT	F	2.68%	6.58%	2.68%
	MSI	B	0.08%	0.18%	0.08%
	MU	D	0.17%	0.25%	0.17%
	NCLH	B	0.05%	0.02%	0.02%
	NDAQ	A	0.05%	0.07%	0.05%
	NFLX	A	0.35%	0.78%	0.35%
	NKE	D	0.25%	0.2%	0.2%
	NOC	D	0.21%	0.15%	0.15%
	NOW	A	0.1%	0.44%	0.1%
	NRG	B	0.07%	0.04%	0.04%
	NSC	B	0.16%	0.13%	0.13%
	NTAP	C	0.06%	0.05%	0.05%
	NUE	C	0.21%	0.08%	0.08%
	NVDA	C	0.97%	7.76%	0.97%
	NVR	D	0.07%	0.06%	0.06%
	NWSA	B	0.06%	0.03%	0.03%
	ODFL	B	0.05%	0.09%	0.05%
	OKE	A	0.18%	0.14%	0.14%
	OMC	C	0.07%	0.04%	0.04%
	ON	D	0.06%	0.07%	0.06%
	OXY	D	0.28%	0.08%	0.08%
	PANW	C	0.07%	0.28%	0.07%
	PARA	C	0.1%	0.01%	0.01%
	PAYX	C	0.06%	0.1%	0.06%
	PCAR	B	0.17%	0.13%	0.13%
	PEP	F	0.41%	0.47%	0.41%
	PG	A	0.75%	0.82%	0.75%
	PGR	A	0.3%	0.32%	0.3%
	PH	A	0.14%	0.19%	0.14%
	PHM	D	0.1%	0.06%	0.06%
	PKG	A	0.07%	0.05%	0.05%
	PM	B	0.37%	0.41%	0.37%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.07%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PSA	D	0.13%	0.11%	0.11%
	PSX	C	0.46%	0.13%	0.13%
	PWR	A	0.08%	0.1%	0.08%
	PYPL	B	0.33%	0.2%	0.2%
	QCOM	F	0.29%	0.41%	0.29%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.11%	0.12%	0.11%
	REGN	F	0.14%	0.18%	0.14%
	RL	B	0.04%	0.02%	0.02%
	RMD	C	0.04%	0.07%	0.04%
	ROK	B	0.06%	0.07%	0.06%
	ROP	B	0.07%	0.13%	0.07%
	ROST	C	0.1%	0.1%	0.1%
	RSG	A	0.08%	0.09%	0.08%
	RTX	C	0.65%	0.34%	0.34%
	SHW	A	0.13%	0.19%	0.13%
	SLB	C	0.18%	0.14%	0.14%
	SNA	A	0.06%	0.04%	0.04%
	SNPS	B	0.06%	0.19%	0.06%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.13%	0.05%	0.05%
	STZ	D	0.1%	0.08%	0.08%
	SW	A	0.09%	0.06%	0.06%
	SWK	D	0.07%	0.03%	0.03%
	SWKS	F	0.05%	0.03%	0.03%
	SYK	C	0.15%	0.27%	0.15%
	SYY	B	0.18%	0.08%	0.08%
	T	A	1.36%	0.31%	0.31%
	TAP	C	0.09%	0.02%	0.02%
	TDY	B	0.05%	0.05%	0.05%
	TER	D	0.02%	0.04%	0.02%
	TGT	F	0.25%	0.16%	0.16%
	TJX	A	0.28%	0.28%	0.28%
	TMO	F	0.31%	0.43%	0.31%
	TMUS	B	0.4%	0.26%	0.26%
	TPR	B	0.06%	0.03%	0.03%
	TRGP	B	0.14%	0.09%	0.09%
	TROW	B	0.08%	0.06%	0.06%
	TRV	B	0.28%	0.12%	0.12%
	TSCO	D	0.06%	0.06%	0.06%
	TSN	B	0.18%	0.04%	0.04%
	TT	A	0.12%	0.2%	0.12%
	TTWO	A	0.04%	0.06%	0.04%
	TXN	C	0.26%	0.42%	0.26%
	TXT	D	0.07%	0.04%	0.04%
	UAL	A	0.08%	0.06%	0.06%
	UBER	D	0.11%	0.33%	0.11%
	UHS	D	0.07%	0.03%	0.03%
	ULTA	F	0.05%	0.04%	0.04%
	UNH	C	1.58%	1.15%	1.15%
	UNP	C	0.25%	0.31%	0.25%
	UPS	C	0.43%	0.2%	0.2%
	URI	B	0.14%	0.13%	0.13%
	V	A	0.74%	0.99%	0.74%
	VLO	C	0.47%	0.11%	0.11%
	VMC	B	0.06%	0.08%	0.06%
	VRSK	A	0.08%	0.09%	0.08%
	VRTX	F	0.11%	0.27%	0.11%
	VST	B	0.18%	0.1%	0.1%
	VTRS	A	0.15%	0.03%	0.03%
	VZ	C	1.14%	0.34%	0.34%
	WAB	B	0.07%	0.08%	0.07%
	WBA	F	0.12%	0.01%	0.01%
	WBD	C	0.28%	0.05%	0.05%
	WDC	D	0.04%	0.04%	0.04%
	WM	A	0.16%	0.17%	0.16%
	WMT	A	1.3%	0.74%	0.74%
	WRB	A	0.08%	0.04%	0.04%
	WST	C	0.02%	0.05%	0.02%
	WTW	B	0.1%	0.07%	0.07%
	WY	D	0.06%	0.05%	0.05%
	XEL	A	0.18%	0.08%	0.08%
	XOM	B	2.41%	1.22%	1.22%
	XYL	D	0.04%	0.07%	0.04%
	ZBH	C	0.07%	0.05%	0.05%
	ZTS	D	0.09%	0.16%	0.09%

IUS Overweight 212 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	C	3.66%
	TSLA	B	0.7%
	BMY	B	0.64%
	PFE	D	0.61%
	LOW	D	0.47%
	LUMN	C	0.42%
	ORCL	B	0.35%
	MCD	D	0.29%
	LNG	B	0.25%
	AMGN	D	0.23%
	DELL	C	0.22%
	SBUX	A	0.21%
	MAR	B	0.16%
	APD	A	0.15%
	ORLY	B	0.13%
	NEM	D	0.13%
	UNFI	A	0.12%
	SNEX	B	0.12%
	PFGC	B	0.12%
	ACI	C	0.12%
	RGA	A	0.11%
	BA	F	0.11%
	FLEX	A	0.11%
	SNX	C	0.11%
	X	C	0.1%
	HLT	A	0.1%
	EQIX	A	0.1%
	MKL	A	0.1%
	USFD	A	0.1%
	APP	B	0.1%
	SQ	B	0.1%
	ZIM	C	0.09%
	MRVL	B	0.09%
	OVV	B	0.09%
	DINO	D	0.09%
	MELI	D	0.09%
	WKC	D	0.09%
	R	B	0.08%
	ARW	D	0.08%
	DXC	B	0.08%
	RS	B	0.08%
	LAD	A	0.08%
	BERY	B	0.07%
	WHR	B	0.07%
	WCN	A	0.07%
	ORI	A	0.07%
	TWLO	A	0.07%
	DASH	A	0.07%
	TOL	B	0.07%
	OC	A	0.07%
	THC	D	0.07%
	TX	F	0.07%
	CAR	C	0.07%
	GPI	A	0.06%
	WDAY	B	0.06%
	SATS	D	0.06%
	LVS	C	0.06%
	RNR	C	0.06%
	DKS	C	0.06%
	OMF	A	0.06%
	LBRDK	C	0.06%
	IRM	D	0.06%
	PBF	D	0.06%
	LPLA	A	0.06%
	SJM	D	0.06%
	JLL	D	0.06%
	TMHC	B	0.05%
	AR	B	0.05%
	CSL	C	0.05%
	LYV	A	0.05%
	BJ	A	0.05%
	COHR	B	0.05%
	LEA	D	0.05%
	BFH	B	0.05%
	KNX	B	0.05%
	BIIB	F	0.05%
	WSM	B	0.05%
	M	D	0.05%
	TDS	B	0.05%
	SSNC	B	0.05%
	CASY	A	0.05%
	EME	C	0.05%
	AN	C	0.05%
	ARMK	B	0.05%
	ALB	C	0.05%
	CPNG	D	0.05%
	AFG	A	0.05%
	OTIS	C	0.05%
	VFC	C	0.05%
	ZM	B	0.05%
	CNX	A	0.05%
	CLF	F	0.05%
	ACM	A	0.05%
	MUSA	A	0.05%
	AVT	C	0.05%
	WCC	B	0.05%
	TPG	A	0.05%
	KD	B	0.04%
	SBAC	D	0.04%
	KSS	F	0.04%
	AMG	B	0.04%
	STX	D	0.04%
	NWL	B	0.04%
	OLN	D	0.04%
	MAN	D	0.04%
	GPK	C	0.04%
	PVH	C	0.04%
	CIVI	D	0.04%
	INGR	B	0.04%
	RPM	A	0.04%
	AGCO	D	0.04%
	GT	C	0.04%
	SCI	B	0.04%
	MSCI	C	0.04%
	RRX	B	0.04%
	RH	B	0.04%
	H	B	0.04%
	AA	B	0.04%
	UTHR	C	0.04%
	PENN	C	0.04%
	FAF	A	0.04%
	CHRD	D	0.04%
	KBH	D	0.04%
	DOX	D	0.04%
	EL	F	0.04%
	HTZ	C	0.04%
	AES	F	0.04%
	THO	B	0.04%
	NXST	C	0.04%
	FLR	B	0.04%
	ABG	B	0.04%
	CLX	B	0.04%
	BURL	A	0.04%
	CMC	B	0.04%
	UGI	A	0.04%
	TDG	D	0.04%
	BTU	B	0.04%
	CCK	C	0.04%
	BECN	B	0.04%
	YUM	B	0.03%
	MTN	C	0.03%
	DK	C	0.03%
	SIG	B	0.03%
	PII	D	0.03%
	AVTR	F	0.03%
	MTD	D	0.03%
	SAIC	F	0.03%
	AAL	B	0.03%
	WSC	D	0.03%
	TNET	D	0.03%
	VVV	F	0.03%
	ARCH	B	0.03%
	VRSN	F	0.03%
	MTH	D	0.03%
	HUN	F	0.03%
	HAS	D	0.03%
	OSK	B	0.03%
	GAP	C	0.03%
	NFG	A	0.03%
	HOG	D	0.03%
	HRB	D	0.03%
	DAR	C	0.03%
	PR	B	0.03%
	BCC	B	0.03%
	BC	C	0.03%
	RHI	B	0.03%
	NU	C	0.03%
	FBIN	D	0.03%
	SKX	D	0.03%
	GXO	B	0.03%
	SM	B	0.03%
	RRC	B	0.03%
	MTDR	B	0.03%
	CACI	D	0.03%
	SNOW	C	0.03%
	TW	A	0.03%
	OGS	A	0.03%
	BAH	F	0.03%
	ALV	C	0.03%
	MUR	D	0.03%
	POST	C	0.03%
	UFPI	B	0.03%
	ILMN	D	0.03%
	FTI	A	0.03%
	TGNA	B	0.03%
	ANDE	D	0.03%
	JAZZ	B	0.03%
	FYBR	D	0.03%
	JHG	A	0.03%
	WSO	A	0.03%
	DAN	D	0.02%
	ODP	F	0.02%
	DXCM	D	0.02%
	AAP	C	0.02%
	XRX	F	0.02%
	CPRI	F	0.02%
	CNM	D	0.02%
	PINS	D	0.02%
	ELAN	D	0.02%
	NSIT	F	0.02%
	IAC	D	0.02%
	WU	D	0.02%
	ASO	F	0.02%
	CVI	F	0.02%
	AMR	C	0.02%
	SON	D	0.02%
	HP	B	0.02%
	PRGO	B	0.02%
	NOV	C	0.02%
	ADNT	F	0.02%
	AMKR	D	0.02%
	ATKR	C	0.01%

IUS Underweight 114 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOG	C	-4.33%
	JPM	A	-1.59%
	BAC	A	-0.69%
	WFC	A	-0.58%
	GS	A	-0.43%
	MS	A	-0.37%
	SPGI	C	-0.34%
	BLK	C	-0.32%
	NEE	D	-0.31%
	C	A	-0.3%
	SCHW	B	-0.26%
	ADI	D	-0.23%
	PLD	D	-0.22%
	KKR	A	-0.22%
	ICE	C	-0.19%
	SO	D	-0.19%
	DUK	C	-0.18%
	GEV	B	-0.18%
	PNC	B	-0.18%
	CRWD	B	-0.18%
	CME	A	-0.17%
	USB	A	-0.17%
	COF	B	-0.16%
	WELL	A	-0.16%
	WMB	A	-0.15%
	TFC	A	-0.14%
	SPG	B	-0.13%
	NXPI	D	-0.13%
	AJG	B	-0.13%
	DLR	B	-0.12%
	AMP	A	-0.12%
	SRE	A	-0.12%
	BK	A	-0.12%
	AFL	B	-0.12%
	MET	A	-0.11%
	AIG	B	-0.11%
	D	C	-0.1%
	DFS	B	-0.1%
	PRU	A	-0.1%
	AEP	D	-0.1%
	O	D	-0.1%
	FIS	C	-0.1%
	PEG	A	-0.09%
	KVUE	A	-0.09%
	AXON	A	-0.09%
	PCG	A	-0.09%
	MTB	A	-0.08%
	ETR	B	-0.07%
	AVB	B	-0.07%
	VICI	C	-0.07%
	EIX	B	-0.07%
	FITB	A	-0.07%
	IDXX	F	-0.07%
	EXR	D	-0.07%
	TYL	B	-0.06%
	HBAN	A	-0.06%
	SYF	B	-0.06%
	MPWR	F	-0.06%
	WEC	A	-0.06%
	STT	A	-0.06%
	GPN	B	-0.06%
	RJF	A	-0.06%
	ES	D	-0.05%
	NTRS	A	-0.05%
	CFG	B	-0.05%
	VLTO	D	-0.05%
	AEE	A	-0.05%
	WAT	B	-0.05%
	PTC	A	-0.05%
	VTR	C	-0.05%
	EQR	B	-0.05%
	AWK	D	-0.05%
	RF	A	-0.05%
	ARE	D	-0.04%
	PNR	A	-0.04%
	MAA	B	-0.04%
	IEX	B	-0.04%
	FDS	B	-0.04%
	PFG	D	-0.04%
	ESS	B	-0.04%
	KEY	B	-0.04%
	INVH	D	-0.04%
	ZBRA	B	-0.04%
	ATO	A	-0.04%
	DAY	B	-0.03%
	GNRC	B	-0.03%
	REG	B	-0.03%
	JKHY	D	-0.03%
	ALLE	D	-0.03%
	INCY	C	-0.03%
	UDR	B	-0.03%
	CPT	B	-0.03%
	EPAM	C	-0.03%
	EVRG	A	-0.03%
	ROL	B	-0.03%
	RVTY	F	-0.03%
	DOC	D	-0.03%
	LNT	A	-0.03%
	L	A	-0.03%
	NI	A	-0.03%
	KIM	A	-0.03%
	FMC	D	-0.02%
	FRT	B	-0.02%
	IVZ	B	-0.02%
	SMCI	F	-0.02%
	SOLV	C	-0.02%
	TFX	F	-0.02%
	GL	B	-0.02%
	MKTX	D	-0.02%
	CRL	C	-0.02%
	PAYC	B	-0.02%
	PNW	B	-0.02%
	BXP	D	-0.02%
	LW	C	-0.02%

IUS: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Software - Application Specialty Retail Diversified Industrials Business Services Information Technology Services Semiconductors Packaged Foods Specialty Chemicals Diagnostics & Research Drug Manufacturers - Major Oil & Gas Refining & Marketing Packaging & Containers Aerospace & Defense Insurance - Property & Casualty Residential Construction Telecom Services Auto Parts Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Electronics Insurance Mining Chemical Aerospace Medicine Semiconductor Telecommunications Transport Petroleum Industry Retailing Electricity Building Materials Beverage Plastic

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Business Services Asset Management Diagnostics & Research Oil & Gas E&P Banks - Regional - US Capital Markets Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

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