QUS vs. BSV ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Vanguard Short-Term Bond ETF (BSV)

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

$162.92

Average Daily Volume

15,682

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$77.54

Average Daily Volume

2,119,130

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

Performance

Period	QUS	BSV
30 Days	3.32%	-0.02%
60 Days	3.72%	-0.87%
90 Days	4.98%	-0.10%
12 Months	29.93%	5.83%

321 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in BSV	Overlap
A	D	0.11%	0.01%	0.01%
AAPL	B	3.24%	0.01%	0.01%
ABBV	D	0.49%	0.01%	0.01%
ABT	B	0.16%	0.01%	0.01%
ADBE	C	0.71%	0.01%	0.01%
ADI	D	0.14%	0.01%	0.01%
ADM	F	0.08%	0.01%	0.01%
ADP	B	0.54%	0.01%	0.01%
ADSK	B	0.16%	0.01%	0.01%
AEE	A	0.11%	0.01%	0.01%
AEP	D	0.19%	0.01%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	A	0.15%	0.01%	0.01%
AFL	B	0.22%	0.01%	0.01%
AIG	B	0.12%	0.01%	0.01%
AIZ	B	0.12%	0.01%	0.01%
ALB	C	0.02%	0.01%	0.01%
ALL	B	0.06%	0.01%	0.01%
ALLE	D	0.04%	0.01%	0.01%
ALLY	C	0.03%	0.01%	0.01%
AMAT	F	0.48%	0.01%	0.01%
AMGN	D	0.27%	0.01%	0.01%
AMP	B	0.04%	0.01%	0.01%
AMT	D	0.04%	0.01%	0.01%
AMZN	C	0.69%	0.01%	0.01%
AON	A	0.21%	0.01%	0.01%
APD	A	0.05%	0.01%	0.01%
APH	B	0.71%	0.01%	0.01%
APTV	F	0.02%	0.01%	0.01%
ARE	D	0.02%	0.01%	0.01%
ATO	A	0.04%	0.01%	0.01%
AVB	B	0.02%	0.01%	0.01%
AVGO	D	0.58%	0.01%	0.01%
AWK	D	0.02%	0.01%	0.01%
AXP	A	0.11%	0.01%	0.01%
AZO	C	0.36%	0.01%	0.01%
BA	D	0.02%	0.01%	0.01%
BAC	A	0.69%	0.01%	0.01%
BAX	F	0.02%	0.01%	0.01%
BDX	F	0.24%	0.01%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.05%	0.01%	0.01%
BIIB	F	0.02%	0.02%	0.02%
BK	A	0.09%	0.01%	0.01%
BKNG	B	0.04%	0.01%	0.01%
BLK	C	0.46%	0.01%	0.01%
BMY	B	0.34%	0.01%	0.01%
BR	A	0.03%	0.01%	0.01%
BRO	B	0.01%	0.01%	0.01%
BSX	C	0.04%	0.01%	0.01%
BXP	D	0.01%	0.01%	0.01%
C	A	0.45%	0.01%	0.01%
CAG	D	0.02%	0.01%	0.01%
CAH	B	0.12%	0.01%	0.01%
CARR	C	0.04%	0.03%	0.03%
CAT	B	0.63%	0.01%	0.01%
CB	D	0.65%	0.01%	0.01%
CCI	D	0.03%	0.01%	0.01%
CDNS	B	0.29%	0.01%	0.01%
CE	F	0.01%	0.01%	0.01%
CF	B	0.03%	0.01%	0.01%
CFG	B	0.07%	0.01%	0.01%
CHD	B	0.14%	0.01%	0.01%
CHTR	C	0.09%	0.02%	0.02%
CI	D	0.24%	0.01%	0.01%
CL	D	0.17%	0.01%	0.01%
CLX	C	0.01%	0.01%	0.01%
CMCSA	C	0.42%	0.01%	0.01%
CME	A	0.23%	0.01%	0.01%
CMI	A	0.17%	0.01%	0.01%
CMS	C	0.09%	0.01%	0.01%
CNH	A	0.03%	0.01%	0.01%
CNP	A	0.02%	0.01%	0.01%
COF	B	0.17%	0.01%	0.01%
COP	D	0.17%	0.01%	0.01%
COST	B	1.31%	0.01%	0.01%
CPB	D	0.12%	0.01%	0.01%
CPT	B	0.01%	0.01%	0.01%
CRM	B	0.12%	0.01%	0.01%
CSCO	A	1.34%	0.01%	0.01%
CSL	B	0.01%	0.01%	0.01%
CSX	B	0.05%	0.01%	0.01%
CTVA	B	0.16%	0.01%	0.01%
CVS	D	0.29%	0.01%	0.01%
CVX	B	0.55%	0.01%	0.01%
D	C	0.14%	0.01%	0.01%
DAL	B	0.01%	0.01%	0.01%
DD	D	0.04%	0.02%	0.02%
DE	B	0.1%	0.01%	0.01%
DELL	C	0.06%	0.01%	0.01%
DFS	B	0.07%	0.01%	0.01%
DG	F	0.02%	0.01%	0.01%
DGX	B	0.06%	0.01%	0.01%
DHI	D	0.19%	0.01%	0.01%
DHR	D	0.09%	0.01%	0.01%
DIS	B	0.17%	0.01%	0.01%
DLR	A	0.04%	0.01%	0.01%
DLTR	D	0.02%	0.01%	0.01%
DOC	C	0.01%	0.01%	0.01%
DOV	A	0.02%	0.01%	0.01%
DOW	F	0.06%	0.01%	0.01%
DTE	C	0.1%	0.01%	0.01%
DUK	C	0.6%	0.01%	0.01%
DVN	F	0.04%	0.01%	0.01%
EA	C	0.31%	0.01%	0.01%
EBAY	C	0.02%	0.01%	0.01%
ED	D	0.42%	0.01%	0.01%
EFX	D	0.01%	0.01%	0.01%
EIX	A	0.04%	0.01%	0.01%
EL	F	0.01%	0.01%	0.01%
EMN	D	0.02%	0.01%	0.01%
EMR	A	0.05%	0.01%	0.01%
EOG	C	0.15%	0.01%	0.01%
EQH	B	0.02%	0.01%	0.01%
EQIX	A	0.02%	0.01%	0.01%
EQR	B	0.02%	0.01%	0.01%
ES	D	0.03%	0.01%	0.01%
ESS	B	0.01%	0.01%	0.01%
ETN	A	0.05%	0.02%	0.02%
ETR	B	0.05%	0.01%	0.01%
EVRG	A	0.02%	0.01%	0.01%
EXC	D	0.06%	0.01%	0.01%
EXPE	B	0.02%	0.01%	0.01%
FANG	F	0.22%	0.01%	0.01%
FDX	B	0.12%	0.01%	0.01%
FIS	D	0.03%	0.01%	0.01%
FITB	B	0.06%	0.01%	0.01%
FOXA	C	0.02%	0.01%	0.01%
FTNT	C	0.01%	0.01%	0.01%
FTV	B	0.02%	0.01%	0.01%
GD	F	0.07%	0.01%	0.01%
GE	D	0.11%	0.01%	0.01%
GILD	B	0.43%	0.01%	0.01%
GIS	D	0.25%	0.01%	0.01%
GLPI	B	0.01%	0.01%	0.01%
GM	B	0.32%	0.01%	0.01%
GOOGL	C	1.2%	0.01%	0.01%
GPN	C	0.04%	0.01%	0.01%
GS	B	0.3%	0.01%	0.01%
GWW	A	0.2%	0.01%	0.01%
H	A	0.0%	0.01%	0.0%
HAL	C	0.03%	0.01%	0.01%
HBAN	B	0.06%	0.01%	0.01%
HCA	F	0.06%	0.01%	0.01%
HD	A	0.35%	0.01%	0.01%
HES	C	0.02%	0.01%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	B	0.53%	0.01%	0.01%
HPE	B	0.06%	0.01%	0.01%
HPQ	B	0.07%	0.01%	0.01%
HRL	D	0.08%	0.01%	0.01%
HST	C	0.01%	0.01%	0.01%
HSY	F	0.18%	0.01%	0.01%
HUBB	B	0.07%	0.01%	0.01%
HUM	C	0.2%	0.01%	0.01%
IBM	C	0.67%	0.01%	0.01%
ICE	D	0.14%	0.01%	0.01%
IFF	D	0.02%	0.01%	0.01%
ILMN	C	0.01%	0.01%	0.01%
INTC	C	0.18%	0.01%	0.01%
INTU	C	0.04%	0.01%	0.01%
IP	B	0.04%	0.01%	0.01%
IPG	C	0.01%	0.01%	0.01%
ITW	A	0.27%	0.01%	0.01%
JBHT	C	0.05%	0.01%	0.01%
JCI	C	0.05%	0.01%	0.01%
JNJ	D	1.64%	0.01%	0.01%
JNPR	F	0.17%	0.01%	0.01%
JPM	B	1.06%	0.01%	0.01%
K	A	0.29%	0.01%	0.01%
KDP	D	0.23%	0.01%	0.01%
KEY	A	0.04%	0.01%	0.01%
KEYS	B	0.26%	0.01%	0.01%
KIM	A	0.02%	0.01%	0.01%
KLAC	F	0.29%	0.02%	0.02%
KMB	C	0.1%	0.01%	0.01%
KMI	B	0.07%	0.01%	0.01%
KO	D	0.81%	0.01%	0.01%
KR	A	0.31%	0.01%	0.01%
L	B	0.12%	0.01%	0.01%
LDOS	D	0.02%	0.01%	0.01%
LEN	C	0.06%	0.01%	0.01%
LH	B	0.03%	0.01%	0.01%
LHX	C	0.04%	0.01%	0.01%
LII	A	0.01%	0.01%	0.01%
LIN	D	0.15%	0.01%	0.01%
LLY	F	1.92%	0.01%	0.01%
LMT	D	0.72%	0.01%	0.01%
LNT	A	0.05%	0.01%	0.01%
LOW	C	0.13%	0.01%	0.01%
LRCX	F	0.3%	0.01%	0.01%
LUV	B	0.01%	0.01%	0.01%
LVS	C	0.01%	0.01%	0.01%
LYB	F	0.04%	0.01%	0.01%
MA	B	1.69%	0.01%	0.01%
MAA	B	0.01%	0.01%	0.01%
MAR	A	0.02%	0.01%	0.01%
MAS	C	0.01%	0.01%	0.01%
MCD	D	0.5%	0.01%	0.01%
MCHP	F	0.1%	0.02%	0.02%
MCK	C	0.61%	0.01%	0.01%
MCO	A	0.21%	0.01%	0.01%
MDLZ	F	0.22%	0.01%	0.01%
MDT	D	0.15%	0.02%	0.02%
MET	A	0.09%	0.01%	0.01%
MKC	D	0.01%	0.01%	0.01%
MLM	B	0.02%	0.01%	0.01%
MMC	A	0.69%	0.01%	0.01%
MMM	D	0.28%	0.01%	0.01%
MO	A	0.07%	0.01%	0.01%
MOS	F	0.03%	0.01%	0.01%
MPC	F	0.32%	0.01%	0.01%
MRK	F	0.46%	0.01%	0.01%
MRVL	B	0.02%	0.01%	0.01%
MS	B	0.21%	0.01%	0.01%
MSFT	D	2.7%	0.01%	0.01%
MSI	C	0.63%	0.01%	0.01%
MTB	B	0.08%	0.01%	0.01%
MU	D	0.07%	0.01%	0.01%
NDAQ	A	0.02%	0.01%	0.01%
NEE	D	0.1%	0.01%	0.01%
NEM	F	0.18%	0.01%	0.01%
NI	A	0.02%	0.02%	0.02%
NKE	F	0.28%	0.01%	0.01%
NOC	D	0.55%	0.02%	0.02%
NSC	A	0.05%	0.01%	0.01%
NTAP	C	0.16%	0.01%	0.01%
NTRS	A	0.03%	0.01%	0.01%
NUE	D	0.07%	0.01%	0.01%
NVDA	C	2.76%	0.01%	0.01%
NXPI	D	0.03%	0.01%	0.01%
O	D	0.04%	0.01%	0.01%
OC	B	0.02%	0.01%	0.01%
OKE	C	0.05%	0.01%	0.01%
OMC	C	0.07%	0.01%	0.01%
ORCL	C	0.53%	0.01%	0.01%
ORLY	B	0.26%	0.01%	0.01%
OTIS	C	0.04%	0.02%	0.02%
PCAR	B	0.06%	0.01%	0.01%
PCG	B	0.06%	0.01%	0.01%
PEG	A	0.04%	0.01%	0.01%
PEP	F	1.01%	0.01%	0.01%
PFE	D	0.33%	0.01%	0.01%
PFG	C	0.03%	0.01%	0.01%
PG	A	0.59%	0.01%	0.01%
PH	A	0.04%	0.01%	0.01%
PHM	C	0.11%	0.01%	0.01%
PKG	B	0.09%	0.01%	0.01%
PM	B	0.11%	0.01%	0.01%
PNC	A	0.17%	0.01%	0.01%
PPG	D	0.02%	0.01%	0.01%
PPL	B	0.03%	0.01%	0.01%
PRU	A	0.08%	0.01%	0.01%
PSA	C	0.14%	0.01%	0.01%
PSX	C	0.14%	0.01%	0.01%
PYPL	A	0.08%	0.01%	0.01%
QCOM	F	0.55%	0.01%	0.01%
RF	B	0.06%	0.01%	0.01%
ROK	B	0.1%	0.01%	0.01%
ROP	B	0.46%	0.01%	0.01%
ROST	C	0.03%	0.01%	0.01%
RPRX	D	0.01%	0.01%	0.01%
RS	B	0.03%	0.01%	0.01%
RSG	A	0.54%	0.01%	0.01%
RTX	D	0.18%	0.01%	0.01%
SBUX	B	0.06%	0.01%	0.01%
SCHW	A	0.07%	0.01%	0.01%
SHW	A	0.26%	0.01%	0.01%
SLB	C	0.05%	0.01%	0.01%
SO	D	0.54%	0.01%	0.01%
SPG	C	0.03%	0.01%	0.01%
SPGI	C	0.07%	0.01%	0.01%
SRE	A	0.06%	0.01%	0.01%
STLD	B	0.04%	0.01%	0.01%
STT	A	0.06%	0.01%	0.01%
STZ	D	0.02%	0.01%	0.01%
SWK	D	0.02%	0.01%	0.01%
SWKS	F	0.05%	0.01%	0.01%
SYF	A	0.06%	0.01%	0.01%
SYK	C	0.05%	0.01%	0.01%
SYY	C	0.05%	0.01%	0.01%
T	A	0.69%	0.01%	0.01%
TAP	C	0.02%	0.02%	0.02%
TDY	B	0.21%	0.01%	0.01%
TFC	B	0.16%	0.01%	0.01%
TGT	F	0.1%	0.01%	0.01%
TJX	A	0.56%	0.01%	0.01%
TMO	F	0.1%	0.01%	0.01%
TMUS	A	0.78%	0.01%	0.01%
TRMB	B	0.01%	0.01%	0.01%
TSN	B	0.3%	0.01%	0.01%
TT	B	0.26%	0.01%	0.01%
TXN	D	1.06%	0.01%	0.01%
TXT	D	0.02%	0.01%	0.01%
UDR	B	0.01%	0.01%	0.01%
UNH	B	2.21%	0.01%	0.01%
UNP	C	0.08%	0.01%	0.01%
UPS	C	0.11%	0.01%	0.01%
USB	A	0.16%	0.01%	0.01%
V	A	1.91%	0.02%	0.02%
VLO	C	0.15%	0.01%	0.01%
VMC	B	0.02%	0.01%	0.01%
VRSK	A	0.15%	0.01%	0.01%
VTR	D	0.02%	0.01%	0.01%
VTRS	B	0.05%	0.01%	0.01%
VZ	B	0.81%	0.02%	0.02%
WAB	B	0.02%	0.01%	0.01%
WBA	D	0.06%	0.01%	0.01%
WEC	A	0.29%	0.01%	0.01%
WELL	C	0.04%	0.01%	0.01%
WFC	A	0.5%	0.01%	0.01%
WLK	D	0.01%	0.01%	0.01%
WM	A	0.52%	0.01%	0.01%
WMB	B	0.15%	0.01%	0.01%
WMT	B	0.94%	0.01%	0.01%
WPC	D	0.01%	0.01%	0.01%
WY	D	0.03%	0.01%	0.01%
XEL	A	0.2%	0.01%	0.01%
XOM	C	0.81%	0.01%	0.01%
ZBH	C	0.02%	0.01%	0.01%
ZTS	D	0.25%	0.01%	0.01%

QUS Overweight 262 Positions Relative to BSV

Symbol	Grade	Weight
META	D	2.32%
ACN	B	1.18%
GOOG	C	1.12%
BRK.A	B	1.1%
PGR	A	0.65%
VRTX	D	0.57%
WCN	A	0.53%
TRV	B	0.47%
AJG	A	0.46%
ANET	C	0.39%
CTSH	B	0.39%
ACGL	D	0.38%
COR	C	0.35%
GDDY	B	0.34%
FCNCA	B	0.34%
PANW	C	0.32%
FI	A	0.31%
CBOE	B	0.29%
ELV	F	0.29%
SNPS	B	0.28%
TSLA	B	0.28%
NOW	B	0.27%
REGN	F	0.25%
FFIV	A	0.23%
CTAS	B	0.23%
CMG	B	0.22%
VRSN	F	0.22%
BAH	F	0.2%
FICO	B	0.2%
INCY	C	0.2%
GRMN	A	0.2%
YUM	B	0.19%
CDW	F	0.19%
EG	C	0.18%
KHC	D	0.18%
PTC	A	0.18%
UBER	D	0.18%
ERIE	D	0.17%
ROL	B	0.17%
WTW	B	0.16%
F	C	0.16%
PAYX	B	0.16%
MKL	A	0.15%
WDAY	C	0.15%
FAST	B	0.15%
NFLX	B	0.14%
GLW	B	0.14%
CPRT	A	0.14%
AKAM	F	0.14%
MOH	F	0.13%
IT	C	0.13%
GEN	A	0.13%
ODFL	B	0.13%
MNST	B	0.12%
LULU	C	0.12%
WRB	A	0.12%
IDXX	F	0.12%
EW	C	0.12%
NVR	D	0.11%
NBIX	C	0.11%
WBD	C	0.11%
OXY	F	0.1%
UTHR	C	0.1%
TPL	B	0.09%
DECK	A	0.09%
TSCO	C	0.09%
HIG	B	0.09%
TROW	A	0.09%
RMD	C	0.09%
BBY	D	0.09%
EME	B	0.08%
PLD	D	0.08%
BLDR	C	0.08%
ULTA	F	0.08%
BMRN	F	0.08%
VLTO	C	0.08%
HUBS	B	0.08%
VEEV	B	0.08%
CNC	F	0.08%
STX	D	0.07%
MANH	C	0.07%
DPZ	C	0.07%
WAT	B	0.07%
TW	B	0.07%
MELI	C	0.07%
HOLX	D	0.07%
ALNY	D	0.07%
MPWR	F	0.07%
LPLA	B	0.07%
SOLV	C	0.06%
WSO	A	0.06%
WSM	B	0.06%
AMD	F	0.06%
EXPD	C	0.06%
SNA	A	0.06%
CRWD	B	0.06%
WST	C	0.06%
GEV	C	0.05%
APA	F	0.05%
BX	B	0.05%
GGG	B	0.05%
IEX	B	0.05%
CBRE	B	0.05%
FDS	B	0.05%
LNG	B	0.05%
ISRG	C	0.04%
MRO	B	0.04%
VICI	C	0.04%
JKHY	D	0.04%
KNX	B	0.04%
URI	B	0.04%
KVUE	A	0.04%
FCX	F	0.04%
BKR	C	0.04%
EPAM	C	0.04%
KKR	B	0.04%
POOL	C	0.04%
TER	F	0.04%
SMCI	D	0.03%
TTC	D	0.03%
SW	B	0.03%
NRG	C	0.03%
AOS	D	0.03%
EQT	B	0.03%
PARA	C	0.03%
ACI	C	0.03%
KMX	B	0.03%
TRGP	B	0.03%
GEHC	F	0.03%
FSLR	F	0.03%
APO	A	0.03%
SQ	B	0.03%
JBL	C	0.03%
MKTX	D	0.03%
SEIC	A	0.03%
OVV	C	0.03%
CEG	D	0.03%
LW	C	0.03%
CTRA	B	0.03%
RJF	A	0.03%
CINF	A	0.03%
PAYC	A	0.03%
DRI	B	0.02%
APP	B	0.02%
SSNC	A	0.02%
CPAY	A	0.02%
CCK	D	0.02%
BALL	D	0.02%
SJM	D	0.02%
ABNB	C	0.02%
LKQ	D	0.02%
AMCR	D	0.02%
WDC	C	0.02%
IR	A	0.02%
GPC	D	0.02%
UHS	D	0.02%
J	F	0.02%
IQV	F	0.02%
FNF	B	0.02%
CRBG	B	0.02%
VST	B	0.02%
CHRW	C	0.02%
PWR	A	0.02%
ON	C	0.02%
EXR	C	0.02%
DINO	F	0.02%
AME	A	0.02%
FE	D	0.02%
ENPH	F	0.02%
ECL	D	0.02%
TTD	B	0.01%
HOOD	B	0.01%
ENTG	D	0.01%
RIVN	D	0.01%
MTCH	F	0.01%
TYL	A	0.01%
MTD	F	0.01%
BIO	D	0.01%
BBWI	C	0.01%
NDSN	B	0.01%
Z	B	0.01%
ALGN	D	0.01%
QRVO	F	0.01%
LYV	A	0.01%
TFX	F	0.01%
VRT	B	0.01%
SBAC	D	0.01%
PLTR	B	0.01%
ARES	B	0.01%
UHAL	D	0.01%
CSGP	C	0.01%
AMH	C	0.01%
CRL	C	0.01%
CTLT	B	0.01%
ANSS	B	0.01%
MGM	F	0.01%
TDG	D	0.01%
MSCI	C	0.01%
DASH	A	0.01%
DVA	B	0.01%
AVY	D	0.01%
WTRG	B	0.01%
FBIN	D	0.01%
TRU	D	0.01%
AVTR	F	0.01%
FOX	B	0.01%
IRM	C	0.01%
PNR	B	0.01%
REG	B	0.01%
RPM	A	0.01%
NWSA	B	0.01%
HLT	A	0.01%
RCL	B	0.01%
SUI	D	0.01%
STE	F	0.01%
ZBRA	A	0.01%
MRNA	F	0.01%
TWLO	B	0.01%
HSIC	B	0.01%
INVH	D	0.01%
BURL	B	0.01%
TTWO	B	0.01%
ACM	A	0.01%
COIN	B	0.01%
XYL	D	0.01%
CCL	B	0.01%
HWM	B	0.01%
CHRD	F	0.01%
DKS	C	0.01%
CG	B	0.01%
ZM	B	0.01%
RVTY	D	0.01%
CELH	F	0.0%
IOT	B	0.0%
ZS	C	0.0%
TEAM	B	0.0%
NET	B	0.0%
RBLX	C	0.0%
MDB	C	0.0%
TOST	B	0.0%
DKNG	C	0.0%
BSY	D	0.0%
PSTG	D	0.0%
DDOG	A	0.0%
SNAP	C	0.0%
DT	C	0.0%
WYNN	D	0.0%
PODD	B	0.0%
DOCU	A	0.0%
EXAS	F	0.0%
HEI	B	0.0%
DAY	A	0.0%
ROKU	D	0.0%
SNOW	C	0.0%
PINS	F	0.0%
DXCM	C	0.0%
MSTR	C	0.0%
ELS	C	0.0%
HEI	B	0.0%
TECH	C	0.0%
OKTA	C	0.0%
AXON	B	0.0%

QUS Underweight 120 Positions Relative to BSV

Symbol	Grade	Weight
WIT	A	-0.26%
STLA	F	-0.02%
VOD	D	-0.02%
NNN	D	-0.01%
NEU	C	-0.01%
NVT	B	-0.01%
LNC	B	-0.01%
MHK	D	-0.01%
OGS	A	-0.01%
IVZ	B	-0.01%
HP	C	-0.01%
HOG	F	-0.01%
JHG	A	-0.01%
JEF	A	-0.01%
JD	D	-0.01%
HAS	D	-0.01%
GXO	B	-0.01%
KMPR	B	-0.01%
EPR	D	-0.01%
FRT	A	-0.01%
FNB	B	-0.01%
DXC	B	-0.01%
FMC	D	-0.01%
FLS	A	-0.01%
GBDC	B	-0.01%
BC	C	-0.01%
CNA	B	-0.01%
AVT	C	-0.01%
BRX	A	-0.01%
ARW	D	-0.01%
BKU	B	-0.01%
AN	B	-0.01%
CACC	D	-0.01%
BDN	C	-0.01%
BCSF	B	-0.01%
AMG	B	-0.01%
THG	C	-0.01%
UNM	A	-0.01%
TEL	B	-0.01%
WAL	B	-0.01%
VNT	C	-0.01%
SLG	B	-0.01%
SKT	A	-0.01%
SITC	D	-0.01%
PVH	C	-0.01%
RL	B	-0.01%
RGA	A	-0.01%
SNX	C	-0.01%
SNV	B	-0.01%
MAIN	A	-0.01%
NFG	B	-0.01%
ORI	A	-0.01%
OPI	F	-0.01%
OCSL	D	-0.01%
LEG	D	-0.01%
LAZ	B	-0.01%
PDM	D	-0.01%
MP	A	-0.01%
GSBD	F	-0.01%
HRB	D	-0.01%
KSS	F	-0.01%
KRC	C	-0.01%
FHN	B	-0.01%
CUBE	D	-0.01%
FAF	B	-0.01%
FLEX	B	-0.01%
COKE	C	-0.01%
BWA	C	-0.01%
BABA	D	-0.01%
AWH	F	-0.01%
BKH	B	-0.01%
CP	D	-0.01%
UAL	B	-0.01%
TSLX	B	-0.01%
VOYA	B	-0.01%
VNO	B	-0.01%
WU	D	-0.01%
VFC	C	-0.01%
TKR	D	-0.01%
WHR	B	-0.01%
PNW	B	-0.01%
RNR	C	-0.01%
SF	B	-0.01%
PSEC	D	-0.01%
SCCO	F	-0.01%
SBRA	B	-0.01%
OHI	D	-0.01%
BHP	F	-0.01%
AGR	B	-0.01%
CNO	A	-0.01%
GP	F	-0.01%
WB	C	-0.01%
R	B	-0.01%
FSK	A	-0.01%
BIDU	F	-0.01%
AL	A	-0.01%
WEST	C	-0.01%
CM	A	-0.01%
AER	A	-0.01%
BERY	B	-0.01%
CAF	D	-0.01%
ET	B	-0.01%
PAA	B	-0.01%
ARCC	A	-0.01%
CMA	A	-0.01%
EDC	F	-0.01%
COE	C	-0.01%
MPLX	B	-0.01%
GSK	F	-0.01%
EPD	B	-0.01%
DB	D	-0.01%
RY	B	-0.01%
AZN	F	-0.01%
BNS	A	-0.01%
EQNR	D	-0.01%
NWG	C	-0.01%
TD	F	-0.01%
BMO	A	-0.01%
MUFG	B	-0.01%
HSBC	B	-0.01%