QUS vs. CSM ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to ProShares Large Cap Core Plus (CSM)

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

$146.99

Average Daily Volume

25,763

Number of Holdings ^*

588

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.67

Average Daily Volume

15,270

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	QUS	CSM
30 Days	1.30%	-0.89%
60 Days	3.91%	4.40%
90 Days	6.89%	5.63%
12 Months	21.51%	19.79%

297 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in CSM	Overlap
	A	B	0.12%	0.32%	0.12%
	AAPL	C	3.31%	4.75%	3.31%
	ABBV	A	0.58%	0.41%	0.41%
	ABNB	F	0.02%	0.2%	0.02%
	ABT	B	0.15%	0.06%	0.06%
	ACGL	D	0.38%	0.35%	0.35%
	ACN	C	1.15%	0.24%	0.24%
	ADBE	B	0.81%	0.26%	0.26%
	ADSK	C	0.13%	0.14%	0.13%
	AES	D	0.02%	0.27%	0.02%
	AIZ	B	0.1%	0.28%	0.1%
	AKAM	C	0.17%	0.12%	0.12%
	ALL	A	0.06%	0.35%	0.06%
	ALLE	B	0.04%	0.11%	0.04%
	AMAT	D	0.62%	0.27%	0.27%
	AMD	F	0.07%	0.17%	0.07%
	AME	D	0.02%	0.37%	0.02%
	AMGN	B	0.34%	0.04%	0.04%
	AMZN	D	0.65%	2.46%	0.65%
	ANET	C	0.35%	0.28%	0.28%
	AOS	C	0.03%	0.07%	0.03%
	APA	C	0.07%	0.11%	0.07%
	APD	C	0.04%	0.13%	0.04%
	APH	D	0.68%	0.38%	0.38%
	APTV	D	0.03%	0.27%	0.03%
	ARE	D	0.02%	0.04%	0.02%
	ATO	A	0.04%	0.24%	0.04%
	AVB	A	0.02%	0.34%	0.02%
	AVGO	D	0.56%	1.2%	0.56%
	BA	D	0.03%	0.31%	0.03%
	BAC	C	0.65%	0.3%	0.3%
	BAX	C	0.02%	0.31%	0.02%
	BBY	C	0.09%	0.27%	0.09%
	BDX	C	0.27%	0.43%	0.27%
	BEN	D	0.01%	0.29%	0.01%
	BG	C	0.06%	0.33%	0.06%
	BIIB	F	0.03%	0.12%	0.03%
	BK	A	0.08%	0.33%	0.08%
	BKR	B	0.04%	0.36%	0.04%
	BLDR	C	0.08%	0.15%	0.08%
	BMY	B	0.33%	0.46%	0.33%
	BR	A	0.03%	0.13%	0.03%
	BRK.A	C	1.08%	0.99%	0.99%
	BRO	A	0.01%	0.36%	0.01%
	BX	B	0.04%	0.51%	0.04%
	CAG	A	0.03%	0.11%	0.03%
	CAH	B	0.1%	0.33%	0.1%
	CAT	C	0.61%	0.1%	0.1%
	CBOE	B	0.28%	0.32%	0.28%
	CBRE	A	0.04%	0.3%	0.04%
	CCL	D	0.01%	0.32%	0.01%
	CDNS	F	0.27%	0.34%	0.27%
	CE	F	0.02%	0.33%	0.02%
	CFG	B	0.07%	0.19%	0.07%
	CHD	D	0.14%	0.06%	0.06%
	CI	C	0.27%	0.44%	0.27%
	CINF	A	0.03%	0.31%	0.03%
	CLX	D	0.01%	0.26%	0.01%
	CMCSA	C	0.41%	0.21%	0.21%
	CME	F	0.21%	0.39%	0.21%
	CMG	D	0.2%	0.04%	0.04%
	CNC	B	0.11%	0.35%	0.11%
	CNP	F	0.02%	0.24%	0.02%
	COF	B	0.14%	0.24%	0.14%
	COST	D	1.24%	0.31%	0.31%
	CPB	A	0.14%	0.1%	0.1%
	CPT	A	0.01%	0.32%	0.01%
	CRL	B	0.01%	0.13%	0.01%
	CRM	C	0.1%	0.62%	0.1%
	CSCO	C	1.18%	0.47%	0.47%
	CSGP	C	0.01%	0.04%	0.01%
	CSX	B	0.05%	0.26%	0.05%
	CTSH	B	0.4%	0.36%	0.36%
	CVS	C	0.35%	0.3%	0.3%
	CVX	C	0.57%	0.17%	0.17%
	CZR	D	0.01%	0.29%	0.01%
	DAY	C	0.0%	0.14%	0.0%
	DHI	B	0.21%	0.26%	0.21%
	DIS	D	0.14%	0.09%	0.09%
	DLR	B	0.03%	0.07%	0.03%
	DTE	A	0.1%	0.09%	0.09%
	DVN	F	0.05%	0.04%	0.04%
	DXCM	F	0.0%	0.09%	0.0%
	EA	B	0.29%	0.26%	0.26%
	EBAY	A	0.02%	0.16%	0.02%
	EG	D	0.19%	0.29%	0.19%
	EIX	A	0.04%	0.27%	0.04%
	EL	F	0.02%	0.2%	0.02%
	EMN	B	0.02%	0.33%	0.02%
	EMR	B	0.05%	0.39%	0.05%
	EPAM	C	0.04%	0.04%	0.04%
	EQIX	B	0.02%	0.42%	0.02%
	EQR	A	0.02%	0.35%	0.02%
	ETN	D	0.04%	0.36%	0.04%
	ETR	A	0.04%	0.31%	0.04%
	EXC	B	0.05%	0.11%	0.05%
	F	F	0.17%	0.17%	0.17%
	FANG	C	0.26%	0.34%	0.26%
	FAST	C	0.14%	0.04%	0.04%
	FDX	B	0.13%	0.32%	0.13%
	FE	A	0.02%	0.11%	0.02%
	FFIV	B	0.18%	0.27%	0.18%
	FIS	D	0.03%	0.06%	0.03%
	FITB	B	0.06%	0.15%	0.06%
	FOXA	A	0.02%	0.23%	0.02%
	FSLR	D	0.04%	0.12%	0.04%
	FTNT	F	0.01%	0.27%	0.01%
	FTV	F	0.02%	0.07%	0.02%
	GE	B	0.11%	0.56%	0.11%
	GEHC	B	0.03%	0.21%	0.03%
	GILD	B	0.4%	0.42%	0.4%
	GM	D	0.26%	0.35%	0.26%
	GOOG	D	1.14%	1.07%	1.07%
	GOOGL	D	1.23%	1.32%	1.23%
	GPC	B	0.02%	0.16%	0.02%
	GRMN	B	0.19%	0.36%	0.19%
	HAL	F	0.03%	0.29%	0.03%
	HBAN	B	0.05%	0.27%	0.05%
	HCA	A	0.07%	0.17%	0.07%
	HD	C	0.32%	0.26%	0.26%
	HIG	A	0.09%	0.34%	0.09%
	HII	C	0.02%	0.36%	0.02%
	HOLX	A	0.08%	0.1%	0.08%
	HPQ	C	0.07%	0.33%	0.07%
	HRL	B	0.09%	0.07%	0.07%
	HST	F	0.01%	0.28%	0.01%
	HSY	B	0.22%	0.22%	0.22%
	HWM	A	0.01%	0.33%	0.01%
	IBM	B	0.66%	0.16%	0.16%
	IDXX	D	0.15%	0.32%	0.15%
	IEX	D	0.05%	0.28%	0.05%
	INCY	C	0.19%	0.35%	0.19%
	INTC	F	0.24%	0.35%	0.24%
	INTU	B	0.04%	0.6%	0.04%
	INVH	B	0.01%	0.31%	0.01%
	IPG	B	0.02%	0.13%	0.02%
	IQV	B	0.02%	0.29%	0.02%
	IR	C	0.02%	0.34%	0.02%
	ISRG	B	0.03%	0.08%	0.03%
	J	B	0.02%	0.04%	0.02%
	JBL	F	0.03%	0.07%	0.03%
	JKHY	B	0.04%	0.13%	0.04%
	JNJ	B	1.81%	0.45%	0.45%
	JPM	B	0.97%	0.67%	0.67%
	K	A	0.22%	0.19%	0.19%
	KDP	A	0.26%	0.13%	0.13%
	KHC	B	0.2%	0.12%	0.12%
	KKR	B	0.04%	0.45%	0.04%
	KMB	B	0.11%	0.16%	0.11%
	KMI	B	0.06%	0.1%	0.06%
	KO	A	0.93%	0.12%	0.12%
	KR	B	0.31%	0.36%	0.31%
	KVUE	D	0.03%	0.04%	0.03%
	L	B	0.13%	0.33%	0.13%
	LDOS	C	0.02%	0.34%	0.02%
	LEN	B	0.07%	0.43%	0.07%
	LIN	B	0.16%	0.09%	0.09%
	LKQ	F	0.02%	0.11%	0.02%
	LLY	D	2.19%	0.8%	0.8%
	LMT	A	0.75%	0.51%	0.51%
	LNT	A	0.05%	0.2%	0.05%
	LOW	B	0.12%	0.04%	0.04%
	LULU	F	0.1%	0.26%	0.1%
	LVS	F	0.0%	0.31%	0.0%
	LW	F	0.02%	0.04%	0.02%
	LYB	B	0.06%	0.16%	0.06%
	LYV	C	0.0%	0.06%	0.0%
	MA	C	1.49%	0.34%	0.34%
	MAA	A	0.01%	0.27%	0.01%
	MAR	F	0.01%	0.29%	0.01%
	MAS	B	0.01%	0.04%	0.01%
	MCD	C	0.46%	0.11%	0.11%
	MDT	C	0.14%	0.25%	0.14%
	META	C	2.05%	1.38%	1.38%
	MGM	D	0.01%	0.23%	0.01%
	MKC	B	0.02%	0.06%	0.02%
	MKTX	C	0.03%	0.06%	0.03%
	MMC	A	0.71%	0.04%	0.04%
	MNST	C	0.12%	0.06%	0.06%
	MOH	C	0.15%	0.19%	0.15%
	MRK	F	0.63%	0.61%	0.61%
	MSCI	B	0.01%	0.14%	0.01%
	MSFT	D	2.92%	4.74%	2.92%
	MSI	A	0.54%	0.2%	0.2%
	MTB	B	0.07%	0.3%	0.07%
	MTCH	B	0.01%	0.33%	0.01%
	MTD	A	0.01%	0.38%	0.01%
	MU	D	0.08%	0.43%	0.08%
	NFLX	D	0.11%	0.39%	0.11%
	NI	A	0.02%	0.3%	0.02%
	NOC	A	0.56%	0.44%	0.44%
	NOW	B	0.23%	0.26%	0.23%
	NRG	D	0.02%	0.31%	0.02%
	NTRS	B	0.03%	0.26%	0.03%
	NUE	F	0.08%	0.09%	0.08%
	NVDA	D	2.32%	4.29%	2.32%
	NWSA	C	0.01%	0.13%	0.01%
	OKE	B	0.04%	0.15%	0.04%
	OMC	B	0.07%	0.23%	0.07%
	ON	D	0.03%	0.16%	0.03%
	ORCL	B	0.43%	0.06%	0.06%
	OTIS	D	0.04%	0.33%	0.04%
	PANW	C	0.28%	0.18%	0.18%
	PARA	D	0.03%	0.2%	0.03%
	PAYC	C	0.03%	0.25%	0.03%
	PAYX	A	0.15%	0.07%	0.07%
	PCAR	F	0.05%	0.32%	0.05%
	PCG	A	0.05%	0.28%	0.05%
	PEP	B	1.16%	0.36%	0.36%
	PFE	B	0.43%	0.15%	0.15%
	PG	B	0.63%	0.44%	0.44%
	PGR	B	0.58%	0.05%	0.05%
	PH	B	0.03%	0.29%	0.03%
	PHM	B	0.11%	0.4%	0.11%
	PKG	A	0.08%	0.04%	0.04%
	PLD	B	0.09%	0.37%	0.09%
	PNR	B	0.01%	0.29%	0.01%
	PODD	B	0.0%	0.11%	0.0%
	PPG	F	0.03%	0.26%	0.03%
	PRU	B	0.09%	0.31%	0.09%
	PSA	B	0.14%	0.36%	0.14%
	PTC	D	0.17%	0.04%	0.04%
	PYPL	C	0.05%	0.18%	0.05%
	QCOM	D	0.65%	0.16%	0.16%
	QRVO	C	0.02%	0.31%	0.02%
	RCL	C	0.01%	0.35%	0.01%
	RF	B	0.05%	0.05%	0.05%
	RJF	F	0.03%	0.33%	0.03%
	RMD	B	0.09%	0.24%	0.09%
	ROL	C	0.16%	0.26%	0.16%
	ROP	D	0.49%	0.12%	0.12%
	ROST	D	0.03%	0.04%	0.03%
	RSG	B	0.52%	0.35%	0.35%
	SJM	B	0.02%	0.2%	0.02%
	SLB	C	0.06%	0.37%	0.06%
	SMCI	D	0.1%	0.09%	0.09%
	SNA	B	0.05%	0.34%	0.05%
	SNPS	F	0.3%	0.39%	0.3%
	SOLV	B	0.05%	0.16%	0.05%
	SPG	B	0.03%	0.13%	0.03%
	STE	A	0.01%	0.26%	0.01%
	STLD	C	0.04%	0.14%	0.04%
	STT	B	0.05%	0.35%	0.05%
	STX	C	0.07%	0.33%	0.07%
	SWK	B	0.03%	0.29%	0.03%
	SWKS	C	0.06%	0.31%	0.06%
	SYF	C	0.05%	0.36%	0.05%
	SYK	D	0.05%	0.16%	0.05%
	SYY	B	0.05%	0.13%	0.05%
	T	A	0.61%	0.19%	0.19%
	TAP	C	0.02%	0.33%	0.02%
	TDY	B	0.2%	0.32%	0.2%
	TEL	C	0.19%	0.37%	0.19%
	TFC	B	0.16%	0.12%	0.12%
	TFX	B	0.01%	0.3%	0.01%
	TGT	C	0.1%	0.35%	0.1%
	TJX	A	0.55%	0.51%	0.51%
	TMO	A	0.13%	0.71%	0.13%
	TMUS	A	0.61%	0.44%	0.44%
	TRGP	A	0.02%	0.35%	0.02%
	TRMB	F	0.01%	0.04%	0.01%
	TROW	D	0.09%	0.35%	0.09%
	TRV	B	0.41%	0.13%	0.13%
	TSLA	C	0.2%	0.74%	0.2%
	TSN	A	0.3%	0.36%	0.3%
	TT	B	0.22%	0.4%	0.22%
	TXT	B	0.02%	0.3%	0.02%
	UBER	F	0.17%	0.42%	0.17%
	UDR	B	0.01%	0.22%	0.01%
	UHS	A	0.02%	0.25%	0.02%
	UNH	A	2.24%	0.53%	0.53%
	URI	C	0.04%	0.12%	0.04%
	V	D	1.68%	0.94%	0.94%
	VLO	B	0.18%	0.1%	0.1%
	VRSN	C	0.24%	0.26%	0.24%
	VRTX	A	0.65%	0.05%	0.05%
	VTR	A	0.02%	0.29%	0.02%
	VTRS	B	0.05%	0.29%	0.05%
	VZ	C	0.82%	0.06%	0.06%
	WAB	D	0.02%	0.24%	0.02%
	WAT	B	0.06%	0.06%	0.06%
	WBA	F	0.09%	0.2%	0.09%
	WDC	F	0.02%	0.29%	0.02%
	WELL	A	0.03%	0.22%	0.03%
	WFC	C	0.43%	0.14%	0.14%
	WM	C	0.5%	0.04%	0.04%
	WMB	B	0.12%	0.32%	0.12%
	WMT	B	0.82%	0.18%	0.18%
	WRB	B	0.12%	0.08%	0.08%
	WST	F	0.06%	0.21%	0.06%
	WTW	A	0.15%	0.14%	0.14%
	WY	B	0.03%	0.32%	0.03%
	WYNN	F	0.0%	0.31%	0.0%
	XEL	B	0.18%	0.35%	0.18%
	XOM	B	0.84%	0.59%	0.59%
	XYL	D	0.02%	0.32%	0.02%
	ZTS	B	0.27%	0.18%	0.18%

QUS Overweight 291 Positions Relative to CSM

	Symbol	Grade	Weight
	TXN	C	1.12%
	CB	A	0.64%
	MCK	A	0.63%
	DUK	A	0.61%
	WCN	A	0.54%
	SO	A	0.53%
	HON	D	0.49%
	ADP	A	0.48%
	AJG	A	0.46%
	C	B	0.45%
	ED	A	0.44%
	LRCX	F	0.41%
	BLK	A	0.4%
	ELV	C	0.4%
	KLAC	D	0.39%
	AZO	B	0.38%
	REGN	A	0.38%
	MPC	C	0.37%
	FCNCA	B	0.34%
	MMM	A	0.29%
	HUM	D	0.29%
	GDDY	C	0.28%
	GIS	B	0.28%
	NKE	F	0.28%
	CDW	D	0.27%
	GS	B	0.27%
	ITW	C	0.26%
	WEC	A	0.26%
	ORLY	A	0.25%
	SHW	A	0.25%
	KEYS	F	0.25%
	MDLZ	C	0.24%
	CTAS	A	0.22%
	NEM	A	0.22%
	MCO	A	0.21%
	BAH	D	0.2%
	AEP	A	0.2%
	RTX	A	0.19%
	CL	A	0.19%
	YUM	C	0.19%
	AON	B	0.19%
	AFL	A	0.19%
	COP	F	0.18%
	JNPR	A	0.18%
	NTAP	C	0.18%
	ERIE	A	0.18%
	PSX	C	0.17%
	MS	B	0.17%
	CTVA	C	0.17%
	GWW	C	0.17%
	PNC	B	0.16%
	USB	B	0.16%
	ADI	D	0.16%
	VRSK	C	0.16%
	ICE	A	0.15%
	NBIX	A	0.15%
	MKL	C	0.15%
	AFG	B	0.15%
	FICO	B	0.15%
	EOG	C	0.15%
	GLW	C	0.14%
	MCHP	F	0.14%
	CMI	B	0.14%
	WDAY	D	0.14%
	OXY	F	0.13%
	AIG	C	0.13%
	CPRT	D	0.13%
	ODFL	B	0.13%
	D	A	0.13%
	UPS	F	0.12%
	EW	F	0.12%
	IT	A	0.12%
	PM	A	0.11%
	NVR	A	0.11%
	DHR	A	0.11%
	DE	F	0.11%
	WBD	D	0.11%
	MPWR	C	0.11%
	BMRN	C	0.11%
	AXP	A	0.1%
	NEE	A	0.1%
	UTHR	B	0.1%
	AEE	A	0.1%
	ADM	D	0.1%
	ROK	D	0.1%
	ULTA	F	0.09%
	UNP	B	0.09%
	VLTO	A	0.09%
	TSCO	D	0.09%
	CHTR	B	0.09%
	DOW	F	0.08%
	ALNY	A	0.08%
	VEEV	C	0.08%
	MET	B	0.08%
	CMS	A	0.08%
	MELI	D	0.07%
	DPZ	D	0.07%
	SPGI	A	0.07%
	MANH	B	0.07%
	EXPD	A	0.07%
	WSM	C	0.07%
	GD	C	0.07%
	DECK	D	0.07%
	TPL	B	0.06%
	LPLA	F	0.06%
	SRE	A	0.06%
	DGX	A	0.06%
	HUBB	C	0.06%
	WSO	C	0.06%
	TER	D	0.06%
	EME	D	0.06%
	TW	A	0.06%
	SCHW	F	0.06%
	MO	A	0.06%
	DFS	C	0.06%
	HPE	D	0.06%
	HUBS	F	0.06%
	O	A	0.05%
	GGG	C	0.05%
	FCX	D	0.05%
	POOL	B	0.05%
	LNG	A	0.05%
	JBHT	C	0.05%
	SBUX	F	0.05%
	NSC	B	0.05%
	ENPH	F	0.05%
	CRWD	F	0.05%
	DELL	D	0.05%
	PEG	A	0.04%
	DG	D	0.04%
	VICI	A	0.04%
	MRO	D	0.04%
	MOS	D	0.04%
	KNX	B	0.04%
	BSX	D	0.04%
	KEY	C	0.04%
	LHX	B	0.04%
	DD	A	0.04%
	AMT	A	0.04%
	FDS	F	0.04%
	JCI	C	0.04%
	MRNA	F	0.04%
	GEV	C	0.03%
	CEG	D	0.03%
	ECL	B	0.03%
	CNH	F	0.03%
	LSCC	F	0.03%
	SEIC	B	0.03%
	CLF	F	0.03%
	SW	F	0.03%
	CF	D	0.03%
	RS	C	0.03%
	ES	A	0.03%
	CHK	F	0.03%
	DLTR	F	0.03%
	DINO	D	0.03%
	BKNG	D	0.03%
	KMX	C	0.03%
	ACI	F	0.03%
	AMP	D	0.03%
	CTRA	F	0.03%
	TTC	C	0.03%
	GPN	D	0.03%
	ALLY	B	0.03%
	NXPI	D	0.03%
	IP	A	0.03%
	CARR	B	0.03%
	OVV	F	0.03%
	PFG	C	0.03%
	DOC	A	0.02%
	CCK	B	0.02%
	MRVL	F	0.02%
	DKS	D	0.02%
	EFX	A	0.02%
	NDAQ	B	0.02%
	SSNC	A	0.02%
	AVTR	B	0.02%
	KIM	A	0.02%
	DOV	C	0.02%
	BALL	C	0.02%
	MLM	B	0.02%
	AMCR	A	0.02%
	STZ	F	0.02%
	PWR	D	0.02%
	CHRW	A	0.02%
	VMC	A	0.02%
	AWK	A	0.02%
	PCTY	C	0.02%
	OC	B	0.02%
	CHRD	D	0.02%
	EVRG	A	0.02%
	EQH	B	0.02%
	SQ	F	0.02%
	CRBG	D	0.02%
	FNF	A	0.02%
	APO	C	0.02%
	IFF	A	0.02%
	EQT	F	0.02%
	ZBH	C	0.02%
	EXR	B	0.02%
	CCI	A	0.02%
	PPL	A	0.02%
	HES	D	0.02%
	Z	D	0.01%
	SBAC	B	0.01%
	VRT	D	0.01%
	TECH	B	0.01%
	DASH	D	0.01%
	OKTA	C	0.01%
	HLT	C	0.01%
	TYL	B	0.01%
	RIVN	C	0.01%
	BIO	B	0.01%
	DAL	F	0.01%
	LII	B	0.01%
	NDSN	C	0.01%
	ALGN	F	0.01%
	ARES	B	0.01%
	BBWI	F	0.01%
	ENTG	F	0.01%
	TWLO	D	0.01%
	AMH	C	0.01%
	GLPI	B	0.01%
	DVA	D	0.01%
	ZM	F	0.01%
	UHAL	B	0.01%
	ANSS	F	0.01%
	CTLT	A	0.01%
	FOX	A	0.01%
	REG	A	0.01%
	TDG	D	0.01%
	ILMN	B	0.01%
	IRM	A	0.01%
	WLK	D	0.01%
	RPM	B	0.01%
	RPRX	C	0.01%
	SUI	A	0.01%
	CSL	C	0.01%
	ZBRA	B	0.01%
	ESS	A	0.01%
	WTRG	A	0.01%
	COIN	C	0.01%
	VST	D	0.01%
	TTWO	F	0.01%
	TRU	B	0.01%
	BURL	B	0.01%
	CPAY	C	0.01%
	EXPE	D	0.01%
	DRI	D	0.01%
	AVY	D	0.01%
	BXP	B	0.01%
	ACM	B	0.01%
	WPC	C	0.01%
	ALB	F	0.01%
	HSIC	B	0.01%
	CG	B	0.01%
	MDB	F	0.0%
	CELH	F	0.0%
	IOT	C	0.0%
	TEAM	D	0.0%
	ZS	F	0.0%
	CFLT	F	0.0%
	PATH	F	0.0%
	NET	D	0.0%
	U	F	0.0%
	DOCU	D	0.0%
	RBLX	C	0.0%
	TOST	C	0.0%
	DT	F	0.0%
	H	C	0.0%
	DKNG	F	0.0%
	RGEN	B	0.0%
	ROKU	D	0.0%
	DDOG	F	0.0%
	BSY	F	0.0%
	EXAS	C	0.0%
	MSTR	C	0.0%
	SNOW	F	0.0%
	PSTG	D	0.0%
	AXON	C	0.0%
	SNAP	F	0.0%
	HEI	A	0.0%
	LUV	F	0.0%
	PLTR	C	0.0%
	ETSY	D	0.0%
	HOOD	D	0.0%
	HEI	A	0.0%
	ELS	A	0.0%
	TTD	D	0.0%
	APP	D	0.0%
	PINS	F	0.0%

QUS Underweight 9 Positions Relative to CSM

	Symbol	Grade	Weight
	UAL	F	-0.33%
	NCLH	D	-0.31%
	RL	D	-0.27%
	AAL	F	-0.25%
	GL	C	-0.19%
	TPR	D	-0.17%
	BWA	C	-0.15%
	IVZ	B	-0.14%
	PNW	A	-0.13%

QUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Aerospace Chemical Telecommunications Real Estate Investment Trust Bank Medicine Cloud Computing Semiconductor Banking Mining IBD 50 Insurance Products

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Asset Management Diagnostics & Research Medical Instruments & Supplies Packaged Foods Semiconductors Banks - Regional - US Household & Personal Products Insurance - Property & Casualty REIT - Residential Utilities - Regulated Electric Aerospace & Defense Business Services Credit Services Health Care Plans Information Technology Services Internet Content & Information Specialty Industrial Machinery

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Natural Gas Insurance Electronics Electricity Medicine Aerospace Telecommunications Bank Mobile Devices Real Estate Investment Trust Banking Chemical Transport Work From Home Biotechnology Cash Management