QUS vs. ILCB ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to iShares Morningstar U.S. Equity ETF (ILCB)

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

$156.26

Average Daily Volume

23,407

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.66

Average Daily Volume

54,313

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	QUS	ILCB
30 Days	2.08%	2.34%
60 Days	4.77%	4.21%
90 Days	6.12%	5.00%
12 Months	28.73%	31.15%

561 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in ILCB	Overlap
	A	C	0.12%	0.08%	0.08%
	AAPL	C	3.27%	6.47%	3.27%
	ABBV	C	0.59%	0.69%	0.59%
	ABNB	D	0.02%	0.1%	0.02%
	ABT	C	0.16%	0.41%	0.16%
	ACGL	C	0.42%	0.08%	0.08%
	ACI	F	0.03%	0.02%	0.02%
	ACM	B	0.01%	0.03%	0.01%
	ACN	C	1.19%	0.44%	0.44%
	ADBE	F	0.78%	0.48%	0.48%
	ADI	C	0.15%	0.23%	0.15%
	ADM	D	0.09%	0.06%	0.06%
	ADP	B	0.51%	0.23%	0.23%
	ADSK	C	0.14%	0.11%	0.11%
	AEE	C	0.1%	0.05%	0.05%
	AEP	C	0.21%	0.11%	0.11%
	AES	C	0.02%	0.03%	0.02%
	AFG	B	0.15%	0.02%	0.02%
	AFL	C	0.21%	0.11%	0.11%
	AIG	D	0.12%	0.1%	0.1%
	AJG	D	0.47%	0.13%	0.13%
	AKAM	D	0.17%	0.03%	0.03%
	ALB	D	0.02%	0.02%	0.02%
	ALGN	D	0.01%	0.04%	0.01%
	ALL	B	0.06%	0.1%	0.06%
	ALLE	B	0.04%	0.03%	0.03%
	ALLY	F	0.02%	0.02%	0.02%
	ALNY	C	0.08%	0.07%	0.07%
	AMAT	D	0.55%	0.31%	0.31%
	AMCR	B	0.02%	0.03%	0.02%
	AMD	D	0.07%	0.5%	0.07%
	AME	C	0.02%	0.08%	0.02%
	AMGN	B	0.33%	0.36%	0.33%
	AMH	C	0.01%	0.03%	0.01%
	AMP	A	0.03%	0.09%	0.03%
	AMT	C	0.05%	0.22%	0.05%
	AMZN	C	0.64%	3.53%	0.64%
	ANET	B	0.38%	0.19%	0.19%
	ANSS	D	0.01%	0.06%	0.01%
	AON	B	0.2%	0.15%	0.15%
	AOS	D	0.03%	0.02%	0.02%
	APA	F	0.05%	0.02%	0.02%
	APD	B	0.04%	0.13%	0.04%
	APH	D	0.66%	0.15%	0.15%
	APO	C	0.02%	0.09%	0.02%
	APP	C	0.01%	0.05%	0.01%
	APTV	D	0.03%	0.03%	0.03%
	ARE	C	0.02%	0.04%	0.02%
	ARES	B	0.01%	0.05%	0.01%
	ATO	B	0.04%	0.04%	0.04%
	AVB	B	0.02%	0.07%	0.02%
	AVGO	C	0.6%	1.54%	0.6%
	AVTR	B	0.01%	0.04%	0.01%
	AVY	C	0.01%	0.04%	0.01%
	AWK	B	0.02%	0.06%	0.02%
	AXON	B	0.0%	0.05%	0.0%
	AXP	B	0.1%	0.3%	0.1%
	AZO	D	0.37%	0.11%	0.11%
	BA	F	0.03%	0.19%	0.03%
	BAC	D	0.59%	0.53%	0.53%
	BAH	C	0.21%	0.04%	0.04%
	BALL	C	0.02%	0.04%	0.02%
	BAX	C	0.03%	0.04%	0.03%
	BBY	C	0.1%	0.04%	0.04%
	BDX	D	0.26%	0.14%	0.14%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.05%	0.03%	0.03%
	BIIB	F	0.03%	0.06%	0.03%
	BK	B	0.08%	0.1%	0.08%
	BKNG	C	0.03%	0.27%	0.03%
	BKR	C	0.03%	0.07%	0.03%
	BLDR	C	0.08%	0.05%	0.05%
	BLK	B	0.4%	0.27%	0.27%
	BMRN	F	0.11%	0.03%	0.03%
	BMY	C	0.31%	0.2%	0.2%
	BR	D	0.03%	0.05%	0.03%
	BRK.A	C	1.07%	1.63%	1.07%
	BRO	C	0.01%	0.05%	0.01%
	BSX	B	0.04%	0.25%	0.04%
	BSY	D	0.0%	0.01%	0.0%
	BURL	B	0.01%	0.04%	0.01%
	BX	B	0.04%	0.22%	0.04%
	BXP	B	0.02%	0.03%	0.02%
	C	C	0.38%	0.22%	0.22%
	CAG	C	0.02%	0.03%	0.02%
	CAH	C	0.12%	0.06%	0.06%
	CARR	B	0.04%	0.13%	0.04%
	CAT	B	0.58%	0.34%	0.34%
	CB	B	0.66%	0.24%	0.24%
	CBRE	A	0.04%	0.07%	0.04%
	CCI	C	0.03%	0.1%	0.03%
	CCK	A	0.02%	0.02%	0.02%
	CCL	C	0.01%	0.03%	0.01%
	CDNS	D	0.27%	0.15%	0.15%
	CDW	D	0.25%	0.06%	0.06%
	CE	F	0.02%	0.03%	0.02%
	CEG	C	0.03%	0.12%	0.03%
	CELH	F	0.0%	0.01%	0.0%
	CF	C	0.03%	0.03%	0.03%
	CFG	C	0.06%	0.04%	0.04%
	CG	D	0.01%	0.02%	0.01%
	CHD	D	0.14%	0.05%	0.05%
	CHK	D	0.03%	0.02%	0.02%
	CHTR	D	0.08%	0.07%	0.07%
	CI	C	0.27%	0.21%	0.21%
	CINF	B	0.03%	0.04%	0.03%
	CL	D	0.19%	0.18%	0.18%
	CLX	C	0.01%	0.04%	0.01%
	CMCSA	D	0.4%	0.31%	0.31%
	CME	C	0.22%	0.16%	0.16%
	CMG	C	0.22%	0.15%	0.15%
	CMI	C	0.14%	0.08%	0.08%
	CMS	C	0.09%	0.04%	0.04%
	CNC	D	0.11%	0.08%	0.08%
	CNH	D	0.02%	0.02%	0.02%
	CNP	C	0.02%	0.04%	0.02%
	COF	B	0.13%	0.11%	0.11%
	COIN	F	0.01%	0.06%	0.01%
	COP	D	0.16%	0.24%	0.16%
	COST	B	1.35%	0.82%	0.82%
	CPAY	B	0.01%	0.04%	0.01%
	CPB	C	0.14%	0.02%	0.02%
	CPRT	D	0.13%	0.09%	0.09%
	CPT	B	0.01%	0.03%	0.01%
	CRL	F	0.01%	0.02%	0.01%
	CRM	D	0.09%	0.48%	0.09%
	CRWD	D	0.05%	0.12%	0.05%
	CSCO	C	1.19%	0.4%	0.4%
	CSGP	D	0.01%	0.06%	0.01%
	CSL	B	0.01%	0.04%	0.01%
	CSX	D	0.05%	0.13%	0.05%
	CTAS	B	0.23%	0.15%	0.15%
	CTRA	D	0.03%	0.03%	0.03%
	CTSH	C	0.4%	0.08%	0.08%
	CTVA	B	0.17%	0.08%	0.08%
	CVS	D	0.32%	0.15%	0.15%
	CVX	D	0.49%	0.49%	0.49%
	D	C	0.14%	0.1%	0.1%
	DAL	C	0.01%	0.06%	0.01%
	DASH	C	0.01%	0.08%	0.01%
	DAY	D	0.0%	0.02%	0.0%
	DD	B	0.04%	0.07%	0.04%
	DDOG	D	0.0%	0.06%	0.0%
	DE	B	0.11%	0.2%	0.11%
	DECK	C	0.08%	0.05%	0.05%
	DELL	D	0.05%	0.06%	0.05%
	DFS	B	0.06%	0.07%	0.06%
	DG	F	0.02%	0.04%	0.02%
	DGX	B	0.06%	0.03%	0.03%
	DHI	B	0.23%	0.12%	0.12%
	DHR	B	0.1%	0.37%	0.1%
	DINO	F	0.03%	0.02%	0.02%
	DIS	D	0.14%	0.33%	0.14%
	DKNG	C	0.0%	0.04%	0.0%
	DKS	D	0.02%	0.03%	0.02%
	DLR	B	0.03%	0.1%	0.03%
	DLTR	F	0.02%	0.03%	0.02%
	DOC	C	0.01%	0.03%	0.01%
	DOCU	C	0.0%	0.02%	0.0%
	DOV	B	0.02%	0.05%	0.02%
	DOW	D	0.07%	0.07%	0.07%
	DPZ	F	0.06%	0.03%	0.03%
	DRI	B	0.01%	0.04%	0.01%
	DT	C	0.0%	0.03%	0.0%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.64%	0.18%	0.18%
	DVA	B	0.01%	0.02%	0.01%
	DVN	F	0.04%	0.05%	0.04%
	DXCM	F	0.0%	0.06%	0.0%
	EA	D	0.29%	0.07%	0.07%
	EBAY	B	0.02%	0.06%	0.02%
	ECL	B	0.03%	0.13%	0.03%
	ED	C	0.46%	0.07%	0.07%
	EFX	B	0.02%	0.08%	0.02%
	EG	C	0.18%	0.03%	0.03%
	EIX	C	0.05%	0.07%	0.05%
	EL	F	0.01%	0.04%	0.01%
	ELS	C	0.0%	0.03%	0.0%
	ELV	C	0.41%	0.26%	0.26%
	EME	B	0.06%	0.04%	0.04%
	EMN	B	0.02%	0.02%	0.02%
	EMR	D	0.04%	0.12%	0.04%
	ENPH	D	0.05%	0.03%	0.03%
	ENTG	F	0.01%	0.03%	0.01%
	EOG	D	0.14%	0.14%	0.14%
	EPAM	F	0.04%	0.02%	0.02%
	EQH	C	0.02%	0.02%	0.02%
	EQIX	C	0.02%	0.17%	0.02%
	EQR	B	0.02%	0.05%	0.02%
	EQT	D	0.02%	0.04%	0.02%
	ERIE	B	0.22%	0.03%	0.03%
	ES	C	0.03%	0.05%	0.03%
	ESS	B	0.01%	0.04%	0.01%
	ETN	C	0.04%	0.25%	0.04%
	ETR	B	0.04%	0.05%	0.04%
	EVRG	B	0.02%	0.03%	0.02%
	EW	F	0.13%	0.08%	0.08%
	EXAS	C	0.0%	0.02%	0.0%
	EXC	C	0.06%	0.08%	0.06%
	EXPD	C	0.07%	0.03%	0.03%
	EXPE	C	0.01%	0.03%	0.01%
	EXR	B	0.03%	0.08%	0.03%
	F	F	0.16%	0.08%	0.08%
	FANG	D	0.22%	0.06%	0.06%
	FAST	C	0.13%	0.08%	0.08%
	FCNCA	D	0.29%	0.05%	0.05%
	FCX	D	0.04%	0.12%	0.04%
	FDS	C	0.05%	0.03%	0.03%
	FDX	C	0.12%	0.13%	0.12%
	FE	C	0.03%	0.05%	0.03%
	FFIV	B	0.21%	0.02%	0.02%
	FICO	B	0.17%	0.09%	0.09%
	FIS	B	0.03%	0.1%	0.03%
	FITB	B	0.06%	0.06%	0.06%
	FNF	B	0.02%	0.03%	0.02%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	C	0.03%	0.05%	0.03%
	FTNT	C	0.01%	0.1%	0.01%
	FTV	C	0.02%	0.05%	0.02%
	GD	B	0.08%	0.14%	0.08%
	GDDY	C	0.29%	0.04%	0.04%
	GE	B	0.11%	0.39%	0.11%
	GEHC	C	0.03%	0.07%	0.03%
	GEV	B	0.03%	0.12%	0.03%
	GGG	C	0.04%	0.03%	0.03%
	GILD	B	0.41%	0.21%	0.21%
	GIS	B	0.3%	0.08%	0.08%
	GLPI	C	0.01%	0.03%	0.01%
	GLW	C	0.13%	0.07%	0.07%
	GM	C	0.27%	0.11%	0.11%
	GOOG	D	1.04%	1.67%	1.04%
	GOOGL	D	1.12%	1.86%	1.12%
	GPC	D	0.02%	0.04%	0.02%
	GPN	D	0.04%	0.06%	0.04%
	GRMN	D	0.17%	0.05%	0.05%
	GS	C	0.25%	0.31%	0.25%
	GWW	B	0.17%	0.09%	0.09%
	HAL	F	0.03%	0.05%	0.03%
	HBAN	B	0.05%	0.04%	0.04%
	HCA	B	0.07%	0.15%	0.07%
	HD	B	0.33%	0.76%	0.33%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.03%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.03%	0.0%
	HES	F	0.02%	0.07%	0.02%
	HIG	B	0.09%	0.07%	0.07%
	HII	D	0.01%	0.02%	0.01%
	HLT	B	0.01%	0.11%	0.01%
	HOLX	B	0.08%	0.04%	0.04%
	HON	D	0.48%	0.27%	0.27%
	HOOD	C	0.0%	0.02%	0.0%
	HPE	D	0.05%	0.05%	0.05%
	HPQ	D	0.06%	0.07%	0.06%
	HRL	C	0.09%	0.02%	0.02%
	HST	C	0.01%	0.02%	0.01%
	HSY	C	0.22%	0.06%	0.06%
	HUBB	B	0.06%	0.04%	0.04%
	HUBS	D	0.06%	0.05%	0.05%
	HUM	F	0.23%	0.08%	0.08%
	HWM	B	0.01%	0.08%	0.01%
	IBM	B	0.72%	0.4%	0.4%
	ICE	C	0.15%	0.19%	0.15%
	IDXX	C	0.15%	0.08%	0.08%
	IEX	D	0.04%	0.03%	0.03%
	IFF	B	0.02%	0.05%	0.02%
	ILMN	C	0.01%	0.04%	0.01%
	INCY	C	0.17%	0.02%	0.02%
	INTC	F	0.15%	0.17%	0.15%
	INTU	C	0.04%	0.37%	0.04%
	INVH	C	0.01%	0.04%	0.01%
	IP	B	0.03%	0.03%	0.03%
	IPG	C	0.02%	0.02%	0.02%
	IQV	C	0.03%	0.09%	0.03%
	IR	C	0.02%	0.07%	0.02%
	IRM	C	0.01%	0.07%	0.01%
	ISRG	B	0.03%	0.35%	0.03%
	IT	B	0.13%	0.08%	0.08%
	ITW	C	0.26%	0.15%	0.15%
	J	C	0.02%	0.04%	0.02%
	JBHT	D	0.05%	0.03%	0.03%
	JBL	D	0.02%	0.03%	0.02%
	JCI	B	0.04%	0.1%	0.04%
	JKHY	B	0.04%	0.03%	0.03%
	JNJ	C	1.8%	0.8%	0.8%
	JNPR	B	0.18%	0.03%	0.03%
	JPM	D	0.9%	1.18%	0.9%
	K	B	0.3%	0.04%	0.04%
	KDP	B	0.28%	0.08%	0.08%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	C	0.27%	0.05%	0.05%
	KHC	C	0.21%	0.06%	0.06%
	KIM	C	0.02%	0.03%	0.02%
	KKR	B	0.04%	0.16%	0.04%
	KLAC	D	0.36%	0.2%	0.2%
	KMB	D	0.11%	0.1%	0.1%
	KMI	B	0.05%	0.08%	0.05%
	KMX	D	0.03%	0.02%	0.02%
	KO	C	0.96%	0.56%	0.56%
	KR	C	0.31%	0.08%	0.08%
	KVUE	C	0.04%	0.08%	0.04%
	L	C	0.12%	0.03%	0.03%
	LDOS	B	0.02%	0.04%	0.02%
	LEN	B	0.07%	0.0%	0.0%
	LEN	B	0.07%	0.09%	0.07%
	LHX	C	0.04%	0.09%	0.04%
	LII	B	0.01%	0.04%	0.01%
	LIN	B	0.17%	0.45%	0.17%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	C	2.43%	1.58%	1.58%
	LMT	C	0.79%	0.24%	0.24%
	LNG	C	0.05%	0.08%	0.05%
	LNT	B	0.05%	0.03%	0.03%
	LOW	B	0.12%	0.29%	0.12%
	LPLA	D	0.05%	0.03%	0.03%
	LRCX	F	0.34%	0.2%	0.2%
	LULU	D	0.1%	0.06%	0.06%
	LUV	C	0.01%	0.03%	0.01%
	LVS	D	0.01%	0.03%	0.01%
	LW	D	0.03%	0.02%	0.02%
	LYB	D	0.05%	0.05%	0.05%
	LYV	B	0.01%	0.03%	0.01%
	MA	B	1.63%	0.82%	0.82%
	MAA	B	0.01%	0.04%	0.01%
	MANH	B	0.07%	0.03%	0.03%
	MAR	C	0.02%	0.11%	0.02%
	MAS	B	0.01%	0.04%	0.01%
	MCD	B	0.52%	0.43%	0.43%
	MCHP	F	0.12%	0.08%	0.08%
	MCK	F	0.53%	0.14%	0.14%
	MCO	B	0.21%	0.15%	0.15%
	MDB	D	0.0%	0.04%	0.0%
	MDLZ	B	0.26%	0.2%	0.2%
	MDT	C	0.16%	0.24%	0.16%
	MELI	B	0.08%	0.21%	0.08%
	MET	B	0.08%	0.09%	0.08%
	META	B	2.24%	2.32%	2.24%
	MGM	F	0.01%	0.02%	0.01%
	MKC	C	0.01%	0.04%	0.01%
	MKL	C	0.14%	0.04%	0.04%
	MLM	D	0.02%	0.07%	0.02%
	MMC	C	0.72%	0.23%	0.23%
	MMM	B	0.29%	0.15%	0.15%
	MNST	D	0.12%	0.08%	0.08%
	MO	C	0.06%	0.18%	0.06%
	MOH	D	0.16%	0.04%	0.04%
	MOS	F	0.03%	0.02%	0.02%
	MPC	F	0.34%	0.12%	0.12%
	MPWR	C	0.12%	0.09%	0.09%
	MRK	D	0.56%	0.59%	0.56%
	MRNA	F	0.02%	0.05%	0.02%
	MRO	C	0.03%	0.03%	0.03%
	MRVL	C	0.02%	0.13%	0.02%
	MS	D	0.15%	0.25%	0.15%
	MSCI	C	0.01%	0.09%	0.01%
	MSFT	C	2.86%	6.45%	2.86%
	MSI	B	0.58%	0.15%	0.15%
	MSTR	D	0.0%	0.04%	0.0%
	MTB	B	0.07%	0.06%	0.06%
	MTD	D	0.01%	0.06%	0.01%
	MU	F	0.07%	0.2%	0.07%
	NBIX	F	0.12%	0.02%	0.02%
	NDAQ	A	0.02%	0.06%	0.02%
	NDSN	C	0.01%	0.03%	0.01%
	NEE	C	0.11%	0.35%	0.11%
	NEM	B	0.25%	0.12%	0.12%
	NET	D	0.0%	0.05%	0.0%
	NFLX	B	0.12%	0.61%	0.12%
	NI	B	0.02%	0.03%	0.02%
	NKE	D	0.3%	0.19%	0.19%
	NOC	B	0.59%	0.16%	0.16%
	NOW	B	0.24%	0.36%	0.24%
	NRG	C	0.02%	0.03%	0.02%
	NSC	C	0.05%	0.11%	0.05%
	NTAP	D	0.16%	0.05%	0.05%
	NTRS	A	0.03%	0.04%	0.03%
	NUE	F	0.07%	0.07%	0.07%
	NVDA	D	2.36%	5.72%	2.36%
	NVR	B	0.11%	0.06%	0.06%
	NWSA	D	0.01%	0.02%	0.01%
	NXPI	F	0.03%	0.12%	0.03%
	O	C	0.05%	0.11%	0.05%
	OC	D	0.02%	0.03%	0.02%
	ODFL	D	0.12%	0.07%	0.07%
	OKE	B	0.05%	0.11%	0.05%
	OKTA	F	0.0%	0.02%	0.0%
	OMC	B	0.07%	0.04%	0.04%
	ON	D	0.03%	0.06%	0.03%
	ORCL	C	0.48%	0.52%	0.48%
	ORLY	C	0.25%	0.13%	0.13%
	OTIS	C	0.04%	0.08%	0.04%
	OVV	F	0.03%	0.02%	0.02%
	OXY	F	0.1%	0.06%	0.06%
	PANW	D	0.29%	0.23%	0.23%
	PAYC	D	0.03%	0.02%	0.02%
	PAYX	C	0.16%	0.09%	0.09%
	PCAR	D	0.05%	0.1%	0.05%
	PCG	C	0.06%	0.08%	0.06%
	PEG	B	0.04%	0.08%	0.04%
	PEP	C	1.15%	0.49%	0.49%
	PFE	C	0.39%	0.33%	0.33%
	PFG	B	0.03%	0.04%	0.03%
	PG	C	0.62%	0.83%	0.62%
	PGR	B	0.66%	0.3%	0.3%
	PH	B	0.03%	0.15%	0.03%
	PHM	B	0.12%	0.06%	0.06%
	PINS	F	0.0%	0.03%	0.0%
	PKG	B	0.08%	0.04%	0.04%
	PLD	C	0.09%	0.24%	0.09%
	PLTR	B	0.0%	0.14%	0.0%
	PM	C	0.11%	0.39%	0.11%
	PNC	B	0.15%	0.14%	0.14%
	PNR	B	0.01%	0.03%	0.01%
	PODD	B	0.0%	0.03%	0.0%
	POOL	C	0.04%	0.03%	0.03%
	PPG	D	0.03%	0.06%	0.03%
	PPL	C	0.03%	0.05%	0.03%
	PRU	C	0.08%	0.08%	0.08%
	PSA	B	0.16%	0.11%	0.11%
	PSTG	F	0.0%	0.03%	0.0%
	PSX	F	0.14%	0.11%	0.11%
	PTC	D	0.17%	0.04%	0.04%
	PWR	B	0.02%	0.08%	0.02%
	PYPL	B	0.06%	0.15%	0.06%
	QCOM	D	0.58%	0.38%	0.38%
	QRVO	F	0.01%	0.02%	0.01%
	RBLX	B	0.0%	0.05%	0.0%
	RCL	B	0.01%	0.08%	0.01%
	REG	C	0.01%	0.03%	0.01%
	REGN	C	0.4%	0.25%	0.25%
	RF	B	0.05%	0.04%	0.04%
	RJF	C	0.03%	0.05%	0.03%
	RMD	C	0.1%	0.07%	0.07%
	ROK	D	0.1%	0.06%	0.06%
	ROL	C	0.17%	0.03%	0.03%
	ROP	C	0.48%	0.12%	0.12%
	ROST	C	0.03%	0.1%	0.03%
	RPM	B	0.01%	0.03%	0.01%
	RPRX	C	0.01%	0.02%	0.01%
	RS	D	0.02%	0.03%	0.02%
	RSG	D	0.54%	0.08%	0.08%
	RTX	C	0.19%	0.32%	0.19%
	SBAC	C	0.01%	0.05%	0.01%
	SBUX	C	0.06%	0.23%	0.06%
	SCHW	D	0.06%	0.18%	0.06%
	SHW	B	0.26%	0.18%	0.18%
	SJM	C	0.02%	0.03%	0.02%
	SLB	F	0.05%	0.12%	0.05%
	SMCI	F	0.06%	0.05%	0.05%
	SNA	C	0.05%	0.03%	0.03%
	SNAP	F	0.0%	0.02%	0.0%
	SNOW	F	0.0%	0.07%	0.0%
	SNPS	D	0.26%	0.15%	0.15%
	SO	B	0.56%	0.2%	0.2%
	SOLV	C	0.06%	0.02%	0.02%
	SPG	B	0.03%	0.1%	0.03%
	SPGI	B	0.07%	0.33%	0.07%
	SQ	D	0.02%	0.07%	0.02%
	SRE	C	0.06%	0.11%	0.06%
	SSNC	B	0.02%	0.03%	0.02%
	STE	C	0.01%	0.05%	0.01%
	STLD	F	0.03%	0.03%	0.03%
	STT	A	0.05%	0.05%	0.05%
	STX	C	0.07%	0.04%	0.04%
	STZ	D	0.02%	0.08%	0.02%
	SUI	B	0.01%	0.04%	0.01%
	SW	B	0.02%	0.05%	0.02%
	SWK	B	0.03%	0.03%	0.03%
	SWKS	D	0.06%	0.03%	0.03%
	SYF	C	0.05%	0.04%	0.04%
	SYK	C	0.05%	0.27%	0.05%
	SYY	D	0.05%	0.08%	0.05%
	T	C	0.67%	0.31%	0.31%
	TAP	D	0.02%	0.02%	0.02%
	TDG	B	0.01%	0.15%	0.01%
	TDY	B	0.2%	0.04%	0.04%
	TEAM	D	0.0%	0.05%	0.0%
	TECH	C	0.0%	0.02%	0.0%
	TEL	D	0.17%	0.09%	0.09%
	TER	D	0.06%	0.04%	0.04%
	TFC	C	0.14%	0.11%	0.11%
	TFX	C	0.01%	0.02%	0.01%
	TGT	C	0.1%	0.14%	0.1%
	TJX	B	0.57%	0.27%	0.27%
	TMO	B	0.13%	0.47%	0.13%
	TMUS	C	0.69%	0.16%	0.16%
	TPL	B	0.05%	0.03%	0.03%
	TRGP	B	0.02%	0.07%	0.02%
	TRMB	C	0.01%	0.03%	0.01%
	TROW	D	0.08%	0.05%	0.05%
	TRU	B	0.01%	0.04%	0.01%
	TRV	C	0.44%	0.11%	0.11%
	TSCO	C	0.09%	0.06%	0.06%
	TSLA	C	0.2%	1.29%	0.2%
	TSN	C	0.29%	0.03%	0.03%
	TT	B	0.24%	0.17%	0.17%
	TTD	B	0.0%	0.1%	0.0%
	TTWO	C	0.01%	0.05%	0.01%
	TW	B	0.06%	0.03%	0.03%
	TWLO	D	0.01%	0.02%	0.01%
	TXN	C	1.07%	0.37%	0.37%
	TXT	D	0.02%	0.03%	0.02%
	TYL	C	0.01%	0.05%	0.01%
	UBER	C	0.18%	0.29%	0.18%
	UDR	C	0.01%	0.03%	0.01%
	UHAL	A	0.01%	0.0%	0.0%
	UHAL	A	0.01%	0.01%	0.01%
	UHS	B	0.02%	0.03%	0.02%
	ULTA	D	0.08%	0.04%	0.04%
	UNH	C	2.27%	1.1%	1.1%
	UNP	C	0.09%	0.31%	0.09%
	UPS	D	0.11%	0.19%	0.11%
	URI	B	0.04%	0.1%	0.04%
	USB	B	0.15%	0.14%	0.14%
	UTHR	C	0.1%	0.03%	0.03%
	V	C	1.8%	0.91%	0.91%
	VEEV	C	0.09%	0.07%	0.07%
	VICI	C	0.04%	0.07%	0.04%
	VLO	F	0.14%	0.09%	0.09%
	VLTO	C	0.09%	0.05%	0.05%
	VMC	D	0.01%	0.06%	0.01%
	VRSK	D	0.15%	0.08%	0.08%
	VRSN	D	0.23%	0.03%	0.03%
	VRT	C	0.01%	0.06%	0.01%
	VRTX	D	0.61%	0.25%	0.25%
	VST	C	0.01%	0.06%	0.01%
	VTR	C	0.02%	0.05%	0.02%
	VTRS	D	0.05%	0.03%	0.03%
	VZ	B	0.88%	0.38%	0.38%
	WAB	B	0.02%	0.06%	0.02%
	WAT	C	0.06%	0.04%	0.04%
	WBA	F	0.07%	0.01%	0.01%
	WBD	D	0.11%	0.04%	0.04%
	WDAY	D	0.15%	0.11%	0.11%
	WDC	D	0.02%	0.04%	0.02%
	WEC	C	0.29%	0.06%	0.06%
	WELL	C	0.03%	0.16%	0.03%
	WFC	D	0.36%	0.37%	0.36%
	WLK	D	0.01%	0.01%	0.01%
	WM	D	0.51%	0.15%	0.15%
	WMB	B	0.12%	0.11%	0.11%
	WMT	C	0.92%	0.71%	0.71%
	WPC	C	0.01%	0.03%	0.01%
	WRB	C	0.12%	0.04%	0.04%
	WSM	D	0.06%	0.04%	0.04%
	WSO	C	0.05%	0.03%	0.03%
	WST	D	0.06%	0.04%	0.04%
	WTRG	D	0.01%	0.02%	0.01%
	WTW	C	0.15%	0.06%	0.06%
	WY	C	0.03%	0.05%	0.03%
	WYNN	D	0.0%	0.02%	0.0%
	XEL	B	0.19%	0.07%	0.07%
	XOM	C	0.77%	1.01%	0.77%
	XYL	C	0.02%	0.06%	0.02%
	YUM	D	0.19%	0.08%	0.08%
	ZBH	F	0.02%	0.04%	0.02%
	ZBRA	B	0.01%	0.03%	0.01%
	ZM	C	0.01%	0.03%	0.01%
	ZS	F	0.0%	0.03%	0.0%
	ZTS	C	0.27%	0.18%	0.18%

QUS Overweight 22 Positions Relative to ILCB

	Symbol	Grade	Weight
	WCN	D	0.55%
	CBOE	C	0.31%
	AIZ	B	0.11%
	KNX	C	0.04%
	SEIC	C	0.03%
	PARA	F	0.03%
	TTC	D	0.03%
	MKTX	C	0.03%
	CHRD	F	0.02%
	CRBG	D	0.02%
	CHRW	B	0.02%
	BBWI	F	0.01%
	Z	B	0.01%
	BIO	C	0.01%
	MTCH	C	0.01%
	RIVN	F	0.01%
	CTLT	B	0.01%
	HSIC	C	0.01%
	IOT	B	0.0%
	TOST	C	0.0%
	H	C	0.0%
	ROKU	C	0.0%

QUS Underweight 55 Positions Relative to ILCB

	Symbol	Grade	Weight
	FI	A	-0.21%
	CRH	B	-0.12%
	FERG	D	-0.08%
	COR	D	-0.08%
	CPNG	B	-0.06%
	LH	C	-0.04%
	COO	B	-0.04%
	CLH	A	-0.03%
	FIX	B	-0.03%
	BLD	D	-0.03%
	XPO	D	-0.03%
	RNR	C	-0.03%
	IBKR	B	-0.03%
	USFD	B	-0.03%
	RGA	C	-0.03%
	CASY	D	-0.03%
	NTNX	C	-0.03%
	RVTY	B	-0.03%
	TOL	B	-0.03%
	NTRA	C	-0.03%
	GEN	B	-0.03%
	THC	A	-0.03%
	UAL	C	-0.03%
	FWONK	C	-0.03%
	AR	F	-0.02%
	UNM	B	-0.02%
	MORN	C	-0.02%
	MEDP	F	-0.02%
	BJ	D	-0.02%
	CHDN	C	-0.02%
	LECO	F	-0.02%
	RRX	C	-0.02%
	WMS	D	-0.02%
	NVT	D	-0.02%
	SRPT	D	-0.02%
	WING	B	-0.02%
	PFGC	B	-0.02%
	SAIA	D	-0.02%
	SCI	B	-0.02%
	FND	C	-0.02%
	FLEX	C	-0.02%
	TTEK	C	-0.02%
	NWS	D	-0.01%
	PAG	D	-0.01%
	COTY	F	-0.01%
	PCOR	F	-0.01%
	SNX	D	-0.01%
	U	D	-0.01%
	SIRI	C	-0.01%
	BRKR	D	-0.01%
	AZPN	B	-0.01%
	CNM	F	-0.01%
	ALAB	D	-0.0%
	FWONA	C	-0.0%
	AGR	B	-0.0%

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology 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 Semiconductor Cloud Computing Banking IBD 50 Insurance Products Mining

ILCB: Top Represented Industries & Keywords

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

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