QUS vs. FNDX ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

$157.46

Average Daily Volume

17,326

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$71.70

Average Daily Volume

405,224

Number of Holdings ^*

723

* may have additional holdings in another (foreign) market

Performance

Period	QUS	FNDX
30 Days	2.18%	3.31%
60 Days	9.14%	10.17%
90 Days	5.76%	7.04%
12 Months	33.62%	32.75%

503 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in FNDX	Overlap
A	B	0.13%	0.06%	0.06%
AAPL	C	3.29%	4.43%	3.29%
ABBV	C	0.59%	0.58%	0.58%
ABT	C	0.15%	0.34%	0.15%
ACGL	A	0.42%	0.03%	0.03%
ACI	F	0.03%	0.03%	0.03%
ACM	A	0.01%	0.04%	0.01%
ACN	B	1.18%	0.35%	0.35%
ADBE	F	0.72%	0.19%	0.19%
ADI	B	0.15%	0.14%	0.14%
ADM	F	0.09%	0.24%	0.09%
ADP	A	0.51%	0.14%	0.14%
ADSK	B	0.14%	0.03%	0.03%
AEE	A	0.11%	0.07%	0.07%
AEP	C	0.2%	0.17%	0.17%
AES	C	0.02%	0.07%	0.02%
AFG	A	0.15%	0.05%	0.05%
AFL	A	0.22%	0.21%	0.21%
AIG	C	0.12%	0.27%	0.12%
AIZ	B	0.11%	0.03%	0.03%
AJG	C	0.45%	0.05%	0.05%
AKAM	D	0.17%	0.04%	0.04%
ALB	D	0.02%	0.03%	0.02%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.06%	0.26%	0.06%
ALLE	A	0.04%	0.01%	0.01%
ALLY	F	0.03%	0.09%	0.03%
AMAT	C	0.57%	0.27%	0.27%
AMCR	C	0.02%	0.03%	0.02%
AMD	C	0.07%	0.11%	0.07%
AME	C	0.02%	0.05%	0.02%
AMGN	D	0.31%	0.44%	0.31%
AMP	A	0.03%	0.12%	0.03%
AMT	D	0.04%	0.14%	0.04%
AMZN	C	0.63%	1.42%	0.63%
ANET	A	0.4%	0.04%	0.04%
ANSS	D	0.01%	0.02%	0.01%
AON	A	0.19%	0.12%	0.12%
AOS	C	0.03%	0.03%	0.03%
APA	F	0.05%	0.03%	0.03%
APD	C	0.04%	0.12%	0.04%
APH	D	0.65%	0.08%	0.08%
APO	A	0.02%	0.02%	0.02%
APTV	D	0.03%	0.03%	0.03%
ARE	D	0.02%	0.03%	0.02%
ATO	A	0.04%	0.04%	0.04%
AVB	C	0.02%	0.05%	0.02%
AVGO	B	0.6%	0.63%	0.6%
AVTR	D	0.01%	0.03%	0.01%
AVY	D	0.01%	0.04%	0.01%
AWK	D	0.02%	0.05%	0.02%
AXP	A	0.1%	0.35%	0.1%
AZO	D	0.37%	0.06%	0.06%
BA	F	0.03%	0.13%	0.03%
BAC	B	0.59%	1.14%	0.59%
BAH	C	0.22%	0.04%	0.04%
BALL	C	0.02%	0.06%	0.02%
BAX	D	0.03%	0.08%	0.03%
BBWI	F	0.01%	0.03%	0.01%
BBY	C	0.1%	0.18%	0.1%
BDX	C	0.26%	0.12%	0.12%
BEN	F	0.01%	0.04%	0.01%
BG	F	0.05%	0.12%	0.05%
BIIB	F	0.03%	0.11%	0.03%
BK	A	0.08%	0.25%	0.08%
BKNG	B	0.03%	0.21%	0.03%
BKR	B	0.04%	0.14%	0.04%
BLDR	C	0.09%	0.06%	0.06%
BLK	A	0.42%	0.26%	0.26%
BMY	A	0.33%	0.4%	0.33%
BR	B	0.03%	0.03%	0.03%
BRK.A	B	1.08%	2.17%	1.08%
BRO	A	0.01%	0.02%	0.01%
BSX	A	0.04%	0.09%	0.04%
BURL	C	0.01%	0.03%	0.01%
BX	C	0.04%	0.11%	0.04%
BXP	B	0.01%	0.05%	0.01%
C	B	0.41%	1.02%	0.41%
CAG	D	0.03%	0.07%	0.03%
CAH	B	0.11%	0.07%	0.07%
CARR	A	0.04%	0.13%	0.04%
CAT	A	0.65%	0.42%	0.42%
CB	A	0.67%	0.27%	0.27%
CBOE	B	0.31%	0.01%	0.01%
CBRE	C	0.05%	0.12%	0.05%
CCI	D	0.03%	0.11%	0.03%
CCK	C	0.02%	0.04%	0.02%
CCL	C	0.01%	0.05%	0.01%
CDNS	D	0.26%	0.03%	0.03%
CDW	D	0.24%	0.06%	0.06%
CE	D	0.02%	0.06%	0.02%
CEG	A	0.04%	0.12%	0.04%
CF	A	0.03%	0.07%	0.03%
CFG	C	0.06%	0.09%	0.06%
CG	B	0.01%	0.03%	0.01%
CHD	D	0.14%	0.04%	0.04%
CHK	C	0.05%	0.03%	0.03%
CHRW	C	0.02%	0.08%	0.02%
CHTR	D	0.08%	0.3%	0.08%
CI	D	0.26%	0.52%	0.26%
CINF	A	0.03%	0.07%	0.03%
CL	D	0.18%	0.14%	0.14%
CLX	C	0.01%	0.04%	0.01%
CMCSA	B	0.41%	0.81%	0.41%
CME	A	0.23%	0.08%	0.08%
CMG	C	0.22%	0.04%	0.04%
CMI	A	0.15%	0.17%	0.15%
CMS	A	0.09%	0.06%	0.06%
CNC	F	0.11%	0.25%	0.11%
CNH	C	0.03%	0.02%	0.02%
CNP	B	0.02%	0.06%	0.02%
COF	A	0.13%	0.4%	0.13%
COP	D	0.17%	0.46%	0.17%
COR	F	0.33%	0.02%	0.02%
COST	C	1.28%	0.65%	0.65%
CPAY	A	0.01%	0.05%	0.01%
CPB	D	0.13%	0.03%	0.03%
CPRT	B	0.13%	0.03%	0.03%
CPT	C	0.01%	0.02%	0.01%
CRBG	B	0.02%	0.04%	0.02%
CRL	F	0.01%	0.01%	0.01%
CRM	B	0.1%	0.13%	0.1%
CSCO	A	1.24%	0.77%	0.77%
CSL	A	0.01%	0.05%	0.01%
CSX	D	0.05%	0.21%	0.05%
CTAS	C	0.22%	0.08%	0.08%
CTLT	A	0.01%	0.02%	0.01%
CTRA	D	0.03%	0.03%	0.03%
CTSH	B	0.39%	0.18%	0.18%
CTVA	A	0.17%	0.09%	0.09%
CVS	D	0.34%	0.77%	0.34%
CVX	B	0.51%	1.15%	0.51%
D	A	0.14%	0.18%	0.14%
DAL	C	0.01%	0.02%	0.01%
DD	C	0.04%	0.19%	0.04%
DE	C	0.11%	0.25%	0.11%
DECK	B	0.08%	0.03%	0.03%
DELL	C	0.05%	0.02%	0.02%
DFS	A	0.06%	0.21%	0.06%
DG	F	0.02%	0.09%	0.02%
DGX	D	0.06%	0.07%	0.06%
DHI	C	0.22%	0.19%	0.19%
DHR	D	0.1%	0.17%	0.1%
DINO	F	0.02%	0.06%	0.02%
DIS	D	0.14%	0.41%	0.14%
DKS	D	0.01%	0.04%	0.01%
DLR	C	0.03%	0.08%	0.03%
DLTR	F	0.02%	0.05%	0.02%
DOC	C	0.01%	0.04%	0.01%
DOV	C	0.02%	0.06%	0.02%
DOW	B	0.07%	0.23%	0.07%
DPZ	D	0.07%	0.03%	0.03%
DRI	C	0.02%	0.05%	0.02%
DTE	B	0.1%	0.08%	0.08%
DUK	C	0.63%	0.32%	0.32%
DVA	C	0.01%	0.06%	0.01%
DVN	F	0.04%	0.09%	0.04%
EA	D	0.28%	0.08%	0.08%
EBAY	A	0.02%	0.18%	0.02%
ECL	C	0.03%	0.09%	0.03%
ED	C	0.46%	0.13%	0.13%
EFX	D	0.02%	0.03%	0.02%
EG	A	0.19%	0.02%	0.02%
EIX	C	0.05%	0.1%	0.05%
EL	D	0.02%	0.05%	0.02%
ELV	F	0.38%	0.47%	0.38%
EME	B	0.07%	0.05%	0.05%
EMN	C	0.02%	0.09%	0.02%
EMR	B	0.04%	0.15%	0.04%
EOG	B	0.15%	0.22%	0.15%
EPAM	F	0.04%	0.02%	0.02%
EQH	B	0.02%	0.05%	0.02%
EQIX	C	0.02%	0.08%	0.02%
EQR	C	0.02%	0.05%	0.02%
EQT	C	0.02%	0.04%	0.02%
ES	D	0.03%	0.09%	0.03%
ESS	D	0.01%	0.03%	0.01%
ETN	B	0.05%	0.21%	0.05%
ETR	A	0.04%	0.11%	0.04%
EVRG	C	0.02%	0.07%	0.02%
EW	F	0.12%	0.04%	0.04%
EXC	C	0.06%	0.18%	0.06%
EXPD	D	0.07%	0.04%	0.04%
EXPE	B	0.01%	0.03%	0.01%
EXR	D	0.03%	0.03%	0.03%
F	D	0.16%	0.33%	0.16%
FANG	D	0.22%	0.05%	0.05%
FAST	C	0.14%	0.07%	0.07%
FBIN	C	0.01%	0.04%	0.01%
FCNCA	D	0.28%	0.02%	0.02%
FCX	B	0.05%	0.17%	0.05%
FDX	F	0.11%	0.29%	0.11%
FE	C	0.03%	0.1%	0.03%
FFIV	B	0.21%	0.03%	0.03%
FI	A	0.27%	0.11%	0.11%
FIS	A	0.03%	0.11%	0.03%
FITB	C	0.05%	0.12%	0.05%
FNF	C	0.02%	0.07%	0.02%
FOXA	B	0.02%	0.09%	0.02%
FSLR	C	0.04%	0.01%	0.01%
FTNT	A	0.01%	0.03%	0.01%
FTV	C	0.02%	0.04%	0.02%
GD	C	0.08%	0.22%	0.08%
GDDY	B	0.28%	0.02%	0.02%
GE	B	0.12%	0.16%	0.12%
GEHC	C	0.03%	0.11%	0.03%
GEN	A	0.12%	0.04%	0.04%
GEV	A	0.04%	0.03%	0.03%
GGG	C	0.05%	0.02%	0.02%
GILD	A	0.41%	0.35%	0.35%
GIS	C	0.3%	0.13%	0.13%
GLPI	C	0.01%	0.02%	0.01%
GLW	C	0.14%	0.14%	0.14%
GM	D	0.25%	0.65%	0.25%
GOOG	B	1.09%	1.09%	1.09%
GOOGL	B	1.18%	1.27%	1.18%
GPC	D	0.02%	0.06%	0.02%
GPN	F	0.03%	0.08%	0.03%
GRMN	D	0.17%	0.03%	0.03%
GS	B	0.25%	0.54%	0.25%
GWW	B	0.17%	0.07%	0.07%
HAL	D	0.03%	0.06%	0.03%
HBAN	B	0.05%	0.06%	0.05%
HCA	C	0.07%	0.24%	0.07%
HD	A	0.35%	0.8%	0.35%
HES	D	0.02%	0.05%	0.02%
HIG	A	0.09%	0.14%	0.09%
HII	F	0.01%	0.04%	0.01%
HLT	A	0.01%	0.06%	0.01%
HOLX	D	0.07%	0.04%	0.04%
HON	C	0.48%	0.34%	0.34%
HPE	B	0.06%	0.2%	0.06%
HPQ	B	0.07%	0.2%	0.07%
HRL	F	0.08%	0.03%	0.03%
HSIC	D	0.01%	0.05%	0.01%
HST	D	0.01%	0.04%	0.01%
HSY	D	0.2%	0.04%	0.04%
HUBB	A	0.07%	0.03%	0.03%
HUM	F	0.2%	0.22%	0.2%
HWM	A	0.01%	0.06%	0.01%
IBM	A	0.73%	0.59%	0.59%
ICE	A	0.15%	0.11%	0.11%
IDXX	D	0.15%	0.03%	0.03%
IEX	D	0.04%	0.03%	0.03%
IFF	D	0.02%	0.06%	0.02%
ILMN	B	0.01%	0.03%	0.01%
INTC	D	0.17%	0.87%	0.17%
INTU	F	0.03%	0.1%	0.03%
INVH	D	0.01%	0.03%	0.01%
IP	C	0.03%	0.15%	0.03%
IPG	D	0.02%	0.04%	0.02%
IQV	F	0.02%	0.08%	0.02%
IR	A	0.02%	0.03%	0.02%
IRM	B	0.01%	0.07%	0.01%
ISRG	C	0.03%	0.08%	0.03%
IT	A	0.12%	0.03%	0.03%
ITW	C	0.27%	0.15%	0.15%
J	F	0.02%	0.06%	0.02%
JBHT	D	0.05%	0.04%	0.04%
JBL	C	0.03%	0.06%	0.03%
JCI	C	0.05%	0.15%	0.05%
JKHY	A	0.04%	0.02%	0.02%
JNJ	D	1.75%	0.97%	0.97%
JNPR	C	0.18%	0.05%	0.05%
JPM	C	0.91%	1.81%	0.91%
K	B	0.29%	0.07%	0.07%
KDP	C	0.28%	0.08%	0.08%
KEY	B	0.04%	0.09%	0.04%
KEYS	B	0.27%	0.04%	0.04%
KHC	F	0.2%	0.11%	0.11%
KIM	C	0.02%	0.03%	0.02%
KKR	A	0.04%	0.11%	0.04%
KLAC	B	0.36%	0.1%	0.1%
KMB	D	0.1%	0.11%	0.1%
KMI	A	0.06%	0.19%	0.06%
KMX	F	0.03%	0.07%	0.03%
KNX	D	0.04%	0.04%	0.04%
KO	C	0.95%	0.41%	0.41%
KR	C	0.31%	0.29%	0.29%
KVUE	C	0.04%	0.05%	0.04%
L	C	0.12%	0.05%	0.05%
LDOS	A	0.02%	0.07%	0.02%
LEN	C	0.07%	0.18%	0.07%
LHX	A	0.04%	0.16%	0.04%
LII	C	0.01%	0.03%	0.01%
LIN	C	0.17%	0.36%	0.17%
LKQ	F	0.02%	0.06%	0.02%
LLY	D	2.3%	0.23%	0.23%
LMT	A	0.83%	0.4%	0.4%
LNG	A	0.05%	0.05%	0.05%
LNT	B	0.05%	0.04%	0.04%
LOW	C	0.13%	0.43%	0.13%
LPLA	D	0.06%	0.03%	0.03%
LRCX	D	0.35%	0.17%	0.17%
LULU	D	0.1%	0.01%	0.01%
LUV	B	0.01%	0.02%	0.01%
LVS	B	0.01%	0.04%	0.01%
LW	D	0.03%	0.02%	0.02%
LYB	B	0.05%	0.16%	0.05%
MA	A	1.62%	0.28%	0.28%
MAA	D	0.01%	0.03%	0.01%
MAR	A	0.02%	0.08%	0.02%
MAS	C	0.01%	0.06%	0.01%
MCD	A	0.52%	0.35%	0.35%
MCHP	F	0.12%	0.06%	0.06%
MCK	F	0.5%	0.09%	0.09%
MCO	D	0.21%	0.07%	0.07%
MDLZ	D	0.25%	0.23%	0.23%
MDT	C	0.15%	0.17%	0.15%
MET	A	0.09%	0.26%	0.09%
META	A	2.43%	1.79%	1.79%
MGM	D	0.01%	0.06%	0.01%
MKC	C	0.01%	0.04%	0.01%
MKL	B	0.14%	0.04%	0.04%
MLM	F	0.02%	0.04%	0.02%
MMC	D	0.69%	0.14%	0.14%
MMM	C	0.29%	0.37%	0.29%
MNST	D	0.12%	0.04%	0.04%
MO	D	0.06%	0.35%	0.06%
MOH	F	0.15%	0.05%	0.05%
MOS	F	0.03%	0.07%	0.03%
MPC	D	0.34%	0.42%	0.34%
MRK	F	0.55%	0.5%	0.5%
MRNA	F	0.02%	0.04%	0.02%
MRO	B	0.04%	0.08%	0.04%
MRVL	C	0.02%	0.04%	0.02%
MS	A	0.16%	0.37%	0.16%
MSCI	B	0.01%	0.03%	0.01%
MSFT	D	2.76%	2.49%	2.49%
MSI	A	0.59%	0.06%	0.06%
MTB	A	0.07%	0.09%	0.07%
MTD	C	0.01%	0.04%	0.01%
MU	D	0.07%	0.42%	0.07%
NDAQ	C	0.02%	0.03%	0.02%
NDSN	C	0.01%	0.02%	0.01%
NEE	C	0.11%	0.28%	0.11%
NEM	C	0.25%	0.18%	0.18%
NFLX	A	0.12%	0.15%	0.12%
NI	A	0.02%	0.04%	0.02%
NKE	D	0.33%	0.23%	0.23%
NOC	B	0.61%	0.21%	0.21%
NOW	B	0.23%	0.01%	0.01%
NRG	A	0.03%	0.11%	0.03%
NSC	C	0.05%	0.2%	0.05%
NTAP	D	0.16%	0.07%	0.07%
NTRS	B	0.03%	0.07%	0.03%
NUE	D	0.08%	0.2%	0.08%
NVDA	B	2.29%	0.34%	0.34%
NVR	C	0.12%	0.08%	0.08%
NWSA	D	0.01%	0.04%	0.01%
NXPI	F	0.03%	0.05%	0.03%
O	C	0.05%	0.04%	0.04%
OC	C	0.02%	0.06%	0.02%
ODFL	F	0.12%	0.05%	0.05%
OKE	A	0.05%	0.12%	0.05%
OMC	C	0.07%	0.08%	0.07%
ON	F	0.02%	0.04%	0.02%
ORCL	A	0.49%	0.46%	0.46%
ORLY	A	0.25%	0.1%	0.1%
OTIS	A	0.04%	0.05%	0.04%
OVV	D	0.03%	0.05%	0.03%
OXY	D	0.11%	0.11%	0.11%
PANW	B	0.27%	0.03%	0.03%
PARA	F	0.03%	0.1%	0.03%
PAYX	B	0.16%	0.06%	0.06%
PCAR	D	0.05%	0.13%	0.05%
PCG	C	0.06%	0.03%	0.03%
PEG	A	0.04%	0.11%	0.04%
PEP	F	1.1%	0.43%	0.43%
PFE	D	0.38%	0.78%	0.38%
PFG	A	0.03%	0.09%	0.03%
PG	D	0.61%	0.81%	0.61%
PGR	B	0.65%	0.23%	0.23%
PH	A	0.04%	0.12%	0.04%
PHM	C	0.12%	0.13%	0.12%
PKG	B	0.08%	0.07%	0.07%
PLD	D	0.09%	0.08%	0.08%
PM	D	0.11%	0.46%	0.11%
PNC	C	0.15%	0.27%	0.15%
PNR	C	0.01%	0.04%	0.01%
POOL	D	0.05%	0.02%	0.02%
PPG	D	0.03%	0.09%	0.03%
PPL	C	0.03%	0.11%	0.03%
PRU	B	0.08%	0.22%	0.08%
PSA	C	0.15%	0.06%	0.06%
PSX	D	0.15%	0.37%	0.15%
PWR	A	0.02%	0.07%	0.02%
PYPL	A	0.07%	0.2%	0.07%
QCOM	D	0.57%	0.45%	0.45%
QRVO	F	0.01%	0.05%	0.01%
REG	C	0.01%	0.02%	0.01%
REGN	D	0.36%	0.14%	0.14%
RF	B	0.05%	0.08%	0.05%
RJF	B	0.03%	0.04%	0.03%
RMD	C	0.1%	0.04%	0.04%
ROK	D	0.1%	0.06%	0.06%
ROP	D	0.47%	0.05%	0.05%
ROST	D	0.03%	0.08%	0.03%
RPM	A	0.01%	0.03%	0.01%
RS	D	0.02%	0.08%	0.02%
RSG	D	0.52%	0.06%	0.06%
RTX	A	0.19%	0.35%	0.19%
RVTY	C	0.02%	0.03%	0.02%
SBAC	C	0.01%	0.02%	0.01%
SBUX	B	0.06%	0.28%	0.06%
SCHW	D	0.06%	0.1%	0.06%
SEIC	B	0.03%	0.03%	0.03%
SHW	C	0.26%	0.08%	0.08%
SJM	D	0.02%	0.06%	0.02%
SLB	D	0.05%	0.12%	0.05%
SNA	C	0.05%	0.05%	0.05%
SNPS	F	0.26%	0.03%	0.03%
SO	A	0.56%	0.27%	0.27%
SOLV	C	0.06%	0.03%	0.03%
SPG	A	0.03%	0.1%	0.03%
SPGI	C	0.07%	0.15%	0.07%
SQ	D	0.02%	0.02%	0.02%
SRE	C	0.06%	0.12%	0.06%
SSNC	C	0.02%	0.04%	0.02%
STE	D	0.01%	0.03%	0.01%
STLD	C	0.04%	0.1%	0.04%
STT	A	0.05%	0.09%	0.05%
STX	C	0.07%	0.1%	0.07%
STZ	D	0.02%	0.08%	0.02%
SUI	D	0.01%	0.03%	0.01%
SW	C	0.03%	0.09%	0.03%
SWK	C	0.03%	0.09%	0.03%
SWKS	F	0.05%	0.05%	0.05%
SYF	A	0.05%	0.26%	0.05%
SYK	C	0.05%	0.12%	0.05%
SYY	D	0.05%	0.1%	0.05%
T	B	0.68%	1.27%	0.68%
TAP	D	0.02%	0.05%	0.02%
TDG	A	0.01%	0.07%	0.01%
TDY	A	0.2%	0.03%	0.03%
TER	C	0.06%	0.05%	0.05%
TFC	D	0.14%	0.21%	0.14%
TFX	C	0.01%	0.02%	0.01%
TGT	C	0.1%	0.39%	0.1%
TJX	D	0.55%	0.22%	0.22%
TMO	D	0.13%	0.29%	0.13%
TMUS	A	0.69%	0.22%	0.22%
TRGP	A	0.02%	0.06%	0.02%
TRMB	B	0.01%	0.03%	0.01%
TROW	D	0.09%	0.12%	0.09%
TRU	C	0.01%	0.03%	0.01%
TRV	B	0.43%	0.29%	0.29%
TSCO	A	0.1%	0.06%	0.06%
TSLA	C	0.22%	0.24%	0.22%
TSN	D	0.28%	0.19%	0.19%
TT	A	0.25%	0.06%	0.06%
TTC	F	0.03%	0.02%	0.02%
TTWO	D	0.01%	0.03%	0.01%
TXN	C	1.07%	0.35%	0.35%
TXT	F	0.02%	0.06%	0.02%
UBER	C	0.18%	0.04%	0.04%
UDR	C	0.01%	0.02%	0.01%
UHAL	C	0.01%	0.02%	0.01%
UHS	D	0.02%	0.09%	0.02%
ULTA	D	0.08%	0.04%	0.04%
UNH	B	2.2%	1.22%	1.22%
UNP	F	0.08%	0.38%	0.08%
UPS	D	0.11%	0.29%	0.11%
URI	C	0.04%	0.13%	0.04%
USB	C	0.14%	0.3%	0.14%
V	B	1.72%	0.33%	0.33%
VICI	C	0.04%	0.03%	0.03%
VLO	F	0.14%	0.38%	0.14%
VMC	D	0.02%	0.04%	0.02%
VRSK	D	0.15%	0.04%	0.04%
VRSN	C	0.23%	0.01%	0.01%
VRTX	D	0.59%	0.07%	0.07%
VST	A	0.02%	0.14%	0.02%
VTR	C	0.02%	0.08%	0.02%
VTRS	D	0.05%	0.09%	0.05%
VZ	C	0.89%	1.27%	0.89%
WAB	A	0.02%	0.06%	0.02%
WAT	B	0.07%	0.04%	0.04%
WBA	F	0.06%	0.18%	0.06%
WBD	F	0.1%	0.07%	0.07%
WDC	C	0.02%	0.13%	0.02%
WEC	B	0.29%	0.08%	0.08%
WELL	C	0.03%	0.1%	0.03%
WFC	B	0.37%	1.06%	0.37%
WLK	C	0.01%	0.02%	0.01%
WM	B	0.5%	0.14%	0.14%
WMB	A	0.12%	0.14%	0.12%
WMT	A	0.92%	1.42%	0.92%
WPC	C	0.01%	0.02%	0.01%
WRB	C	0.12%	0.03%	0.03%
WSM	C	0.07%	0.05%	0.05%
WSO	C	0.05%	0.03%	0.03%
WST	D	0.06%	0.02%	0.02%
WTRG	D	0.01%	0.01%	0.01%
WTW	C	0.15%	0.07%	0.07%
WY	C	0.03%	0.1%	0.03%
XEL	C	0.19%	0.12%	0.12%
XOM	A	0.83%	1.96%	0.83%
XYL	C	0.02%	0.04%	0.02%
YUM	C	0.19%	0.08%	0.08%
ZBH	F	0.02%	0.05%	0.02%
ZBRA	B	0.01%	0.04%	0.01%
ZTS	C	0.28%	0.08%	0.08%

QUS Overweight 79 Positions Relative to FNDX

Symbol	Grade	Weight
WCN	D	0.52%
ERIE	A	0.22%
INCY	B	0.18%
PTC	B	0.17%
ROL	C	0.17%
FICO	C	0.17%
WDAY	D	0.14%
MPWR	B	0.12%
NBIX	F	0.11%
UTHR	C	0.1%
ALNY	C	0.09%
VLTO	A	0.09%
BMRN	F	0.09%
MELI	D	0.08%
VEEV	C	0.08%
HUBS	D	0.07%
MANH	A	0.07%
TW	A	0.07%
TPL	A	0.06%
ENPH	F	0.05%
FDS	C	0.05%
CRWD	D	0.05%
PAYC	D	0.03%
MKTX	B	0.03%
ABNB	D	0.02%
TECH	D	0.01%
TYL	D	0.01%
RIVN	F	0.01%
Z	C	0.01%
VRT	B	0.01%
LYV	A	0.01%
ENTG	D	0.01%
BIO	B	0.01%
APP	A	0.01%
MTCH	B	0.01%
COIN	F	0.01%
ARES	A	0.01%
DASH	A	0.01%
TWLO	B	0.01%
AMH	D	0.01%
RCL	B	0.01%
CSGP	F	0.01%
RPRX	D	0.01%
FOX	B	0.01%
ZM	B	0.01%
CHRD	F	0.01%
CELH	F	0.0%
TEAM	D	0.0%
ZS	F	0.0%
IOT	C	0.0%
NET	D	0.0%
RBLX	D	0.0%
TOST	B	0.0%
MDB	D	0.0%
DKNG	C	0.0%
DDOG	B	0.0%
BSY	D	0.0%
MSTR	B	0.0%
PSTG	F	0.0%
SNAP	D	0.0%
DOCU	A	0.0%
H	B	0.0%
DAY	C	0.0%
DT	B	0.0%
PODD	C	0.0%
SNOW	F	0.0%
WYNN	B	0.0%
HEI	C	0.0%
DXCM	F	0.0%
AXON	A	0.0%
ROKU	C	0.0%
HOOD	B	0.0%
PINS	D	0.0%
HEI	C	0.0%
ELS	D	0.0%
EXAS	C	0.0%
PLTR	A	0.0%
OKTA	F	0.0%
TTD	A	0.0%

QUS Underweight 220 Positions Relative to FNDX

Symbol	Grade	Weight
LUMN	C	-0.56%
TEL	D	-0.11%
JLL	C	-0.09%
ARW	C	-0.09%
WKC	A	-0.09%
AVT	B	-0.08%
MHK	C	-0.07%
USFD	C	-0.07%
X	F	-0.07%
THC	D	-0.07%
KSS	D	-0.07%
WHR	C	-0.07%
AN	D	-0.06%
FLEX	B	-0.06%
M	D	-0.06%
OGN	F	-0.06%
BWA	C	-0.06%
AA	B	-0.06%
TOL	C	-0.06%
PFGC	A	-0.06%
CMA	C	-0.06%
LEA	F	-0.06%
LAD	C	-0.06%
R	C	-0.06%
VFC	A	-0.06%
TPR	B	-0.05%
BFH	D	-0.05%
ORI	A	-0.05%
ZION	D	-0.05%
UNM	A	-0.05%
JEF	A	-0.05%
UGI	C	-0.05%
GPI	C	-0.05%
IVZ	A	-0.05%
CASY	D	-0.05%
DXC	C	-0.05%
LNC	B	-0.05%
MAN	D	-0.05%
OMF	D	-0.05%
LPX	C	-0.04%
FL	F	-0.04%
AMG	B	-0.04%
CLF	D	-0.04%
HAS	A	-0.04%
GAP	F	-0.04%
AYI	A	-0.04%
MTH	C	-0.04%
ZIM	D	-0.04%
WCC	D	-0.04%
RHI	D	-0.04%
SLM	B	-0.04%
BCC	C	-0.04%
WU	D	-0.04%
EVR	C	-0.04%
UFPI	C	-0.04%
GT	F	-0.04%
RGA	B	-0.04%
SWN	D	-0.04%
FYBR	C	-0.04%
TMHC	C	-0.04%
OLN	D	-0.04%
DOX	B	-0.04%
MUSA	D	-0.04%
JXN	A	-0.04%
TDS	C	-0.04%
SFM	A	-0.04%
KD	D	-0.04%
PVH	D	-0.04%
PNW	C	-0.04%
ALSN	A	-0.04%
HUN	B	-0.04%
FAF	C	-0.04%
VNO	B	-0.04%
INGR	B	-0.04%
THO	C	-0.04%
BERY	C	-0.04%
SCI	D	-0.03%
AR	C	-0.03%
NSIT	B	-0.03%
SKX	B	-0.03%
CAR	D	-0.03%
EWBC	B	-0.03%
FHN	D	-0.03%
LSTR	F	-0.03%
FLR	B	-0.03%
BTU	B	-0.03%
SEE	C	-0.03%
PII	D	-0.03%
HOG	D	-0.03%
ITT	C	-0.03%
JHG	A	-0.03%
ABG	D	-0.03%
SON	D	-0.03%
SAIC	A	-0.03%
AAP	F	-0.03%
GNTX	D	-0.03%
MLI	B	-0.03%
VOYA	A	-0.03%
CIEN	A	-0.03%
CPRI	C	-0.03%
SNX	C	-0.03%
RL	B	-0.03%
NWL	D	-0.03%
BC	C	-0.03%
TPH	C	-0.03%
ARMK	C	-0.03%
KBH	D	-0.03%
OGE	C	-0.03%
GNW	A	-0.03%
RRX	B	-0.03%
MTZ	A	-0.03%
SANM	D	-0.03%
CMC	D	-0.03%
FMC	C	-0.03%
CACI	A	-0.03%
GPK	D	-0.03%
HBI	B	-0.03%
OSK	F	-0.03%
NXST	D	-0.03%
GL	C	-0.03%
AGCO	D	-0.03%
CNO	B	-0.03%
PBF	F	-0.03%
VAC	D	-0.02%
MTN	D	-0.02%
ALV	F	-0.02%
QRTEA	D	-0.02%
MKSI	F	-0.02%
BPOP	D	-0.02%
FLO	D	-0.02%
AER	C	-0.02%
SM	D	-0.02%
ODP	F	-0.02%
DAN	D	-0.02%
MIDD	D	-0.02%
CRI	D	-0.02%
WERN	D	-0.02%
GXO	D	-0.02%
KBR	A	-0.02%
CHKP	A	-0.02%
LECO	D	-0.02%
AL	D	-0.02%
ADNT	F	-0.02%
HUBG	D	-0.02%
POR	D	-0.02%
SLG	C	-0.02%
REZI	D	-0.02%
BECN	D	-0.02%
NFG	A	-0.02%
OI	D	-0.02%
TKR	B	-0.02%
PENN	D	-0.02%
XRAY	D	-0.02%
ASGN	D	-0.02%
NAVI	D	-0.02%
CCEP	C	-0.02%
TPX	C	-0.02%
LEG	D	-0.02%
MUR	F	-0.02%
GNRC	B	-0.02%
POST	C	-0.02%
DCI	B	-0.02%
PAG	D	-0.02%
RUSHA	D	-0.02%
NVT	C	-0.02%
CZR	B	-0.02%
NOV	F	-0.02%
TGNA	B	-0.02%
ABM	D	-0.02%
STWD	C	-0.02%
DAR	F	-0.02%
BRX	C	-0.02%
ATR	A	-0.02%
SNV	D	-0.02%
PRI	A	-0.02%
AXTA	C	-0.02%
ASO	D	-0.02%
BJ	B	-0.02%
ST	F	-0.02%
THG	A	-0.02%
MDU	C	-0.02%
EHC	C	-0.02%
PK	D	-0.02%
MPW	C	-0.02%
XRX	D	-0.02%
EXP	C	-0.02%
LAMR	C	-0.02%
G	A	-0.02%
CC	D	-0.02%
MTG	A	-0.02%
CW	A	-0.02%
BAP	A	-0.02%
VSH	F	-0.01%
ANDE	D	-0.01%
DBX	C	-0.01%
MSM	D	-0.01%
JAZZ	F	-0.01%
CHE	D	-0.01%
CNXC	F	-0.01%
MMS	C	-0.01%
SPTN	C	-0.01%
LILAK	D	-0.01%
TNL	B	-0.01%
AAL	D	-0.01%
AEO	C	-0.01%
BLD	D	-0.01%
ICLR	F	-0.01%
HTZ	F	-0.01%
PRGO	F	-0.01%
FTI	B	-0.01%
UNFI	C	-0.01%
CNX	A	-0.01%
JWN	D	-0.01%
CYH	C	-0.01%
DK	F	-0.01%
HRB	C	-0.01%
ALK	C	-0.01%
COHR	B	-0.01%
MATX	C	-0.01%
ARCH	D	-0.01%