QUS vs. ILCG ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to iShares Morningstar Growth ETF (ILCG)

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

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

ILCG

iShares Morningstar Growth ETF

ILCG Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap Broad Growth IndexSM composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. 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 above-average “growth” characteristics as determined by Morningstar, Inc. (Morningstar” or the index provider) proprietary index methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$89.27

Average Daily Volume

68,984

Number of Holdings ^*

387

* may have additional holdings in another (foreign) market

Performance

Period	QUS	ILCG
30 Days	2.25%	4.86%
60 Days	3.15%	6.65%
90 Days	4.45%	8.35%
12 Months	29.35%	37.30%

351 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in ILCG	Overlap
	A	D	0.11%	0.14%	0.11%
	AAPL	C	3.24%	6.31%	3.24%
	ABNB	C	0.02%	0.22%	0.02%
	ACGL	D	0.38%	0.04%	0.04%
	ACM	A	0.01%	0.04%	0.01%
	ACN	C	1.18%	0.12%	0.12%
	ADBE	C	0.71%	0.85%	0.71%
	ADI	D	0.14%	0.07%	0.07%
	ADP	B	0.54%	0.17%	0.17%
	ADSK	A	0.16%	0.25%	0.16%
	AFG	A	0.15%	0.02%	0.02%
	AJG	B	0.46%	0.08%	0.08%
	AKAM	D	0.14%	0.02%	0.02%
	ALB	C	0.02%	0.03%	0.02%
	ALGN	D	0.01%	0.04%	0.01%
	ALL	A	0.06%	0.08%	0.06%
	ALLE	D	0.04%	0.03%	0.03%
	ALNY	D	0.07%	0.11%	0.07%
	AMAT	F	0.48%	0.21%	0.21%
	AMD	F	0.06%	0.87%	0.06%
	AME	A	0.02%	0.17%	0.02%
	AMH	D	0.01%	0.05%	0.01%
	AMP	A	0.04%	0.14%	0.04%
	AMZN	C	0.69%	7.48%	0.69%
	ANET	C	0.39%	0.37%	0.37%
	ANSS	B	0.01%	0.11%	0.01%
	AON	A	0.21%	0.08%	0.08%
	AOS	F	0.03%	0.02%	0.02%
	APH	A	0.71%	0.18%	0.18%
	APO	B	0.03%	0.07%	0.03%
	APP	B	0.02%	0.26%	0.02%
	APTV	D	0.02%	0.02%	0.02%
	ARE	D	0.02%	0.02%	0.02%
	ARES	A	0.01%	0.12%	0.01%
	AVB	B	0.02%	0.06%	0.02%
	AVGO	D	0.58%	1.63%	0.58%
	AVTR	F	0.01%	0.03%	0.01%
	AVY	D	0.01%	0.03%	0.01%
	AWK	D	0.02%	0.05%	0.02%
	AXON	A	0.0%	0.17%	0.0%
	AXP	A	0.11%	0.21%	0.11%
	AZO	C	0.36%	0.2%	0.2%
	BAH	F	0.2%	0.05%	0.05%
	BALL	D	0.02%	0.04%	0.02%
	BKNG	A	0.04%	0.22%	0.04%
	BKR	B	0.04%	0.08%	0.04%
	BLDR	D	0.08%	0.04%	0.04%
	BMRN	D	0.08%	0.04%	0.04%
	BR	A	0.03%	0.1%	0.03%
	BRO	B	0.01%	0.1%	0.01%
	BSX	B	0.04%	0.24%	0.04%
	BSY	D	0.0%	0.02%	0.0%
	BURL	A	0.01%	0.07%	0.01%
	BX	A	0.05%	0.24%	0.05%
	CARR	D	0.04%	0.14%	0.04%
	CAT	B	0.63%	0.17%	0.17%
	CBRE	B	0.05%	0.1%	0.05%
	CCK	C	0.02%	0.02%	0.02%
	CDNS	B	0.29%	0.31%	0.29%
	CDW	F	0.19%	0.09%	0.09%
	CE	F	0.01%	0.02%	0.01%
	CELH	F	0.0%	0.02%	0.0%
	CHD	B	0.14%	0.11%	0.11%
	CINF	A	0.03%	0.03%	0.03%
	CL	D	0.17%	0.09%	0.09%
	CLX	B	0.01%	0.05%	0.01%
	CMG	B	0.22%	0.31%	0.22%
	CMI	A	0.17%	0.13%	0.13%
	CMS	C	0.09%	0.03%	0.03%
	COIN	C	0.01%	0.25%	0.01%
	COR	B	0.35%	0.09%	0.09%
	COST	B	1.31%	0.74%	0.74%
	CPAY	A	0.02%	0.07%	0.02%
	CPRT	A	0.14%	0.19%	0.14%
	CPT	B	0.01%	0.02%	0.01%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.12%	1.16%	0.12%
	CRWD	B	0.06%	0.31%	0.06%
	CSGP	D	0.01%	0.11%	0.01%
	CSL	C	0.01%	0.08%	0.01%
	CTAS	B	0.23%	0.29%	0.23%
	CTRA	B	0.03%	0.03%	0.03%
	CTVA	C	0.16%	0.07%	0.07%
	D	C	0.14%	0.08%	0.08%
	DAL	C	0.01%	0.07%	0.01%
	DASH	A	0.01%	0.21%	0.01%
	DAY	B	0.0%	0.04%	0.0%
	DD	D	0.04%	0.06%	0.04%
	DDOG	A	0.0%	0.15%	0.0%
	DECK	A	0.09%	0.11%	0.09%
	DELL	C	0.06%	0.06%	0.06%
	DFS	B	0.07%	0.09%	0.07%
	DIS	B	0.17%	0.23%	0.17%
	DKNG	B	0.0%	0.04%	0.0%
	DKS	C	0.01%	0.02%	0.01%
	DLR	B	0.04%	0.17%	0.04%
	DLTR	F	0.02%	0.02%	0.02%
	DOCU	A	0.0%	0.06%	0.0%
	DOV	A	0.02%	0.07%	0.02%
	DOW	F	0.06%	0.05%	0.05%
	DPZ	C	0.07%	0.06%	0.06%
	DRI	B	0.02%	0.04%	0.02%
	DT	C	0.0%	0.05%	0.0%
	DVA	B	0.01%	0.01%	0.01%
	DXCM	D	0.0%	0.11%	0.0%
	EA	A	0.31%	0.11%	0.11%
	EBAY	D	0.02%	0.04%	0.02%
	ECL	D	0.02%	0.13%	0.02%
	EFX	F	0.01%	0.12%	0.01%
	EL	F	0.01%	0.06%	0.01%
	ELS	C	0.0%	0.03%	0.0%
	EME	C	0.08%	0.09%	0.08%
	ENPH	F	0.02%	0.03%	0.02%
	ENTG	D	0.01%	0.04%	0.01%
	EPAM	C	0.04%	0.03%	0.03%
	EQIX	A	0.02%	0.34%	0.02%
	EQR	B	0.02%	0.04%	0.02%
	EQT	B	0.03%	0.06%	0.03%
	ERIE	D	0.17%	0.04%	0.04%
	ESS	B	0.01%	0.04%	0.01%
	ETN	A	0.05%	0.32%	0.05%
	EW	C	0.12%	0.16%	0.12%
	EXAS	D	0.0%	0.04%	0.0%
	EXPE	B	0.02%	0.04%	0.02%
	EXR	D	0.02%	0.05%	0.02%
	FAST	B	0.15%	0.18%	0.15%
	FCNCA	A	0.34%	0.11%	0.11%
	FDS	B	0.05%	0.07%	0.05%
	FFIV	B	0.23%	0.02%	0.02%
	FI	A	0.31%	0.1%	0.1%
	FICO	B	0.2%	0.22%	0.2%
	FSLR	F	0.03%	0.07%	0.03%
	FTNT	C	0.01%	0.23%	0.01%
	FTV	C	0.02%	0.07%	0.02%
	GDDY	A	0.34%	0.1%	0.1%
	GE	D	0.11%	0.4%	0.11%
	GEHC	F	0.03%	0.06%	0.03%
	GEN	B	0.13%	0.03%	0.03%
	GEV	B	0.05%	0.19%	0.05%
	GGG	B	0.05%	0.06%	0.05%
	GOOG	C	1.12%	1.86%	1.12%
	GOOGL	C	1.2%	2.07%	1.2%
	GPC	D	0.02%	0.03%	0.02%
	GPN	B	0.04%	0.04%	0.04%
	GRMN	B	0.2%	0.08%	0.08%
	GWW	B	0.2%	0.2%	0.2%
	HAL	C	0.03%	0.06%	0.03%
	HEI	B	0.0%	0.04%	0.0%
	HEI	B	0.0%	0.04%	0.0%
	HEI	B	0.0%	0.06%	0.0%
	HEI	B	0.0%	0.06%	0.0%
	HES	B	0.02%	0.16%	0.02%
	HII	D	0.01%	0.02%	0.01%
	HLT	A	0.01%	0.24%	0.01%
	HOOD	B	0.01%	0.07%	0.01%
	HRL	D	0.08%	0.01%	0.01%
	HSY	F	0.18%	0.05%	0.05%
	HUBB	B	0.07%	0.09%	0.07%
	HUBS	A	0.08%	0.13%	0.08%
	HWM	A	0.01%	0.18%	0.01%
	ICE	C	0.14%	0.06%	0.06%
	IDXX	F	0.12%	0.13%	0.12%
	IEX	B	0.05%	0.07%	0.05%
	ILMN	D	0.01%	0.08%	0.01%
	INCY	C	0.2%	0.02%	0.02%
	INTU	C	0.04%	0.7%	0.04%
	INVH	D	0.01%	0.08%	0.01%
	IQV	D	0.02%	0.09%	0.02%
	IR	B	0.02%	0.16%	0.02%
	IRM	D	0.01%	0.07%	0.01%
	ISRG	A	0.04%	0.73%	0.04%
	IT	C	0.13%	0.15%	0.13%
	J	F	0.02%	0.04%	0.02%
	JBHT	C	0.05%	0.04%	0.04%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.05%	0.13%	0.05%
	JKHY	D	0.04%	0.05%	0.04%
	KDP	D	0.23%	0.05%	0.05%
	KEYS	A	0.26%	0.05%	0.05%
	KIM	A	0.02%	0.05%	0.02%
	KKR	A	0.04%	0.11%	0.04%
	KLAC	D	0.29%	0.12%	0.12%
	KMB	D	0.1%	0.06%	0.06%
	KMX	B	0.03%	0.02%	0.02%
	LDOS	C	0.02%	0.03%	0.02%
	LII	A	0.01%	0.08%	0.01%
	LIN	D	0.15%	0.15%	0.15%
	LLY	F	1.92%	2.38%	1.92%
	LNG	B	0.05%	0.06%	0.05%
	LPLA	A	0.07%	0.09%	0.07%
	LRCX	F	0.3%	0.14%	0.14%
	LULU	C	0.12%	0.13%	0.12%
	LUV	C	0.01%	0.03%	0.01%
	LVS	C	0.01%	0.08%	0.01%
	LW	C	0.03%	0.04%	0.03%
	LYV	A	0.01%	0.08%	0.01%
	MA	C	1.69%	1.64%	1.64%
	MAA	B	0.01%	0.03%	0.01%
	MANH	D	0.07%	0.06%	0.06%
	MAR	B	0.02%	0.04%	0.02%
	MAS	D	0.01%	0.03%	0.01%
	MCD	D	0.5%	0.17%	0.17%
	MCHP	D	0.1%	0.06%	0.06%
	MCK	B	0.61%	0.09%	0.09%
	MCO	B	0.21%	0.16%	0.16%
	MDB	C	0.0%	0.08%	0.0%
	MELI	D	0.07%	0.36%	0.07%
	META	D	2.32%	2.69%	2.32%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.01%	0.04%	0.01%
	MKL	A	0.15%	0.05%	0.05%
	MLM	B	0.02%	0.14%	0.02%
	MMC	B	0.69%	0.11%	0.11%
	MNST	C	0.12%	0.15%	0.12%
	MOH	F	0.13%	0.04%	0.04%
	MPWR	F	0.07%	0.11%	0.07%
	MRK	F	0.46%	0.34%	0.34%
	MRNA	F	0.01%	0.02%	0.01%
	MRVL	B	0.02%	0.3%	0.02%
	MSCI	C	0.01%	0.18%	0.01%
	MSFT	F	2.7%	11.98%	2.7%
	MSI	B	0.63%	0.1%	0.1%
	MSTR	C	0.0%	0.18%	0.0%
	MTD	D	0.01%	0.1%	0.01%
	NBIX	C	0.11%	0.05%	0.05%
	NDAQ	A	0.02%	0.05%	0.02%
	NDSN	B	0.01%	0.05%	0.01%
	NEM	D	0.18%	0.11%	0.11%
	NET	B	0.0%	0.11%	0.0%
	NFLX	A	0.14%	1.44%	0.14%
	NKE	D	0.28%	0.08%	0.08%
	NOW	A	0.27%	0.81%	0.27%
	NRG	B	0.03%	0.03%	0.03%
	NTAP	C	0.16%	0.05%	0.05%
	NVDA	C	2.76%	13.45%	2.76%
	O	D	0.04%	0.06%	0.04%
	ODFL	B	0.13%	0.15%	0.13%
	OKTA	C	0.0%	0.05%	0.0%
	ON	D	0.02%	0.04%	0.02%
	ORCL	B	0.53%	0.33%	0.33%
	ORLY	B	0.26%	0.07%	0.07%
	OTIS	C	0.04%	0.09%	0.04%
	PANW	C	0.32%	0.48%	0.32%
	PAYC	B	0.03%	0.04%	0.03%
	PAYX	C	0.16%	0.18%	0.16%
	PCG	A	0.06%	0.07%	0.06%
	PGR	A	0.65%	0.31%	0.31%
	PH	A	0.04%	0.15%	0.04%
	PHM	D	0.11%	0.04%	0.04%
	PINS	D	0.0%	0.04%	0.0%
	PLD	D	0.08%	0.11%	0.08%
	PLTR	B	0.01%	0.48%	0.01%
	PNR	A	0.01%	0.05%	0.01%
	PODD	C	0.0%	0.07%	0.0%
	POOL	C	0.04%	0.03%	0.03%
	PPG	F	0.02%	0.04%	0.02%
	PSA	D	0.14%	0.1%	0.1%
	PSTG	D	0.0%	0.06%	0.0%
	PTC	A	0.18%	0.09%	0.09%
	PWR	A	0.02%	0.19%	0.02%
	QRVO	F	0.01%	0.01%	0.01%
	RBLX	C	0.0%	0.11%	0.0%
	RCL	A	0.01%	0.15%	0.01%
	REG	B	0.01%	0.02%	0.01%
	RJF	A	0.03%	0.07%	0.03%
	RMD	C	0.09%	0.14%	0.09%
	ROK	B	0.1%	0.12%	0.1%
	ROL	B	0.17%	0.06%	0.06%
	ROP	B	0.46%	0.1%	0.1%
	ROST	C	0.03%	0.18%	0.03%
	RPM	A	0.01%	0.04%	0.01%
	RSG	A	0.54%	0.05%	0.05%
	RVTY	F	0.01%	0.02%	0.01%
	SBAC	D	0.01%	0.09%	0.01%
	SBUX	A	0.06%	0.15%	0.06%
	SHW	A	0.26%	0.11%	0.11%
	SLB	C	0.05%	0.04%	0.04%
	SMCI	F	0.03%	0.05%	0.03%
	SNA	A	0.06%	0.02%	0.02%
	SNAP	C	0.0%	0.04%	0.0%
	SNOW	C	0.0%	0.16%	0.0%
	SNPS	B	0.28%	0.32%	0.28%
	SPGI	C	0.07%	0.26%	0.07%
	SQ	B	0.03%	0.2%	0.03%
	STE	F	0.01%	0.08%	0.01%
	STZ	D	0.02%	0.08%	0.02%
	SUI	D	0.01%	0.06%	0.01%
	SWK	D	0.02%	0.02%	0.02%
	SYK	C	0.05%	0.21%	0.05%
	SYY	B	0.05%	0.14%	0.05%
	TDG	D	0.01%	0.27%	0.01%
	TDY	B	0.21%	0.05%	0.05%
	TEAM	A	0.0%	0.15%	0.0%
	TECH	D	0.0%	0.04%	0.0%
	TER	D	0.04%	0.03%	0.03%
	TFX	F	0.01%	0.01%	0.01%
	TJX	A	0.56%	0.14%	0.14%
	TMO	F	0.1%	0.11%	0.1%
	TMUS	B	0.78%	0.09%	0.09%
	TPL	A	0.09%	0.11%	0.09%
	TRGP	B	0.03%	0.07%	0.03%
	TRMB	B	0.01%	0.04%	0.01%
	TRU	D	0.01%	0.07%	0.01%
	TRV	B	0.47%	0.1%	0.1%
	TSCO	D	0.09%	0.08%	0.08%
	TSLA	B	0.28%	3.71%	0.28%
	TSN	B	0.3%	0.03%	0.03%
	TT	A	0.26%	0.19%	0.19%
	TTD	B	0.01%	0.21%	0.01%
	TTWO	A	0.01%	0.12%	0.01%
	TW	A	0.07%	0.06%	0.06%
	TWLO	A	0.01%	0.06%	0.01%
	TXT	D	0.02%	0.03%	0.02%
	TYL	B	0.01%	0.1%	0.01%
	UBER	D	0.18%	0.54%	0.18%
	UDR	B	0.01%	0.03%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	ULTA	F	0.08%	0.03%	0.03%
	UNH	C	2.21%	0.28%	0.28%
	URI	B	0.04%	0.1%	0.04%
	V	A	1.91%	2.01%	1.91%
	VEEV	C	0.08%	0.12%	0.08%
	VLTO	D	0.08%	0.06%	0.06%
	VMC	B	0.02%	0.14%	0.02%
	VRSK	A	0.15%	0.16%	0.15%
	VRSN	F	0.22%	0.06%	0.06%
	VRT	B	0.01%	0.2%	0.01%
	VRTX	F	0.57%	0.2%	0.2%
	VST	B	0.02%	0.12%	0.02%
	VTR	C	0.02%	0.03%	0.02%
	WAB	B	0.02%	0.13%	0.02%
	WAT	B	0.07%	0.05%	0.05%
	WDAY	B	0.15%	0.21%	0.15%
	WELL	A	0.04%	0.12%	0.04%
	WLK	D	0.01%	0.01%	0.01%
	WM	A	0.52%	0.09%	0.09%
	WRB	A	0.12%	0.04%	0.04%
	WSM	B	0.06%	0.04%	0.04%
	WSO	A	0.06%	0.07%	0.06%
	WST	C	0.06%	0.09%	0.06%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.16%	0.06%	0.06%
	WYNN	D	0.0%	0.03%	0.0%
	XYL	D	0.01%	0.11%	0.01%
	YUM	B	0.19%	0.14%	0.14%
	ZBH	C	0.02%	0.04%	0.02%
	ZBRA	B	0.01%	0.06%	0.01%
	ZS	C	0.0%	0.07%	0.0%
	ZTS	D	0.25%	0.14%	0.14%

QUS Overweight 235 Positions Relative to ILCG

	Symbol	Grade	Weight
	JNJ	D	1.64%
	CSCO	B	1.34%
	BRK.A	B	1.1%
	TXN	C	1.06%
	JPM	A	1.06%
	PEP	F	1.01%
	WMT	A	0.94%
	VZ	C	0.81%
	KO	D	0.81%
	XOM	B	0.81%
	LMT	D	0.72%
	T	A	0.69%
	BAC	A	0.69%
	IBM	C	0.67%
	CB	C	0.65%
	DUK	C	0.6%
	PG	A	0.59%
	QCOM	F	0.55%
	CVX	A	0.55%
	NOC	D	0.55%
	SO	D	0.54%
	HON	B	0.53%
	WCN	A	0.53%
	WFC	A	0.5%
	ABBV	D	0.49%
	BLK	C	0.46%
	C	A	0.45%
	GILD	C	0.43%
	ED	D	0.42%
	CMCSA	B	0.42%
	CTSH	B	0.39%
	HD	A	0.35%
	BMY	B	0.34%
	PFE	D	0.33%
	GM	B	0.32%
	MPC	D	0.32%
	KR	B	0.31%
	GS	A	0.3%
	WEC	A	0.29%
	K	A	0.29%
	CBOE	B	0.29%
	ELV	F	0.29%
	CVS	D	0.29%
	MMM	D	0.28%
	AMGN	D	0.27%
	ITW	B	0.27%
	REGN	F	0.25%
	GIS	D	0.25%
	CI	F	0.24%
	BDX	F	0.24%
	CME	A	0.23%
	AFL	B	0.22%
	MDLZ	F	0.22%
	FANG	D	0.22%
	MS	A	0.21%
	HUM	C	0.2%
	XEL	A	0.2%
	DHI	D	0.19%
	AEP	D	0.19%
	EG	C	0.18%
	INTC	D	0.18%
	KHC	F	0.18%
	RTX	C	0.18%
	JNPR	F	0.17%
	PNC	B	0.17%
	COF	B	0.17%
	COP	C	0.17%
	ABT	B	0.16%
	TFC	A	0.16%
	USB	A	0.16%
	F	C	0.16%
	VLO	C	0.15%
	WMB	A	0.15%
	MDT	D	0.15%
	EOG	A	0.15%
	GLW	B	0.14%
	PSX	C	0.14%
	LOW	D	0.13%
	CPB	D	0.12%
	AIG	B	0.12%
	CAH	B	0.12%
	FDX	B	0.12%
	L	A	0.12%
	AIZ	A	0.12%
	NVR	D	0.11%
	AEE	A	0.11%
	PM	B	0.11%
	UPS	C	0.11%
	WBD	C	0.11%
	DTE	C	0.1%
	NEE	D	0.1%
	OXY	D	0.1%
	UTHR	C	0.1%
	TGT	F	0.1%
	DE	A	0.1%
	DHR	F	0.09%
	PKG	A	0.09%
	MET	A	0.09%
	CHTR	C	0.09%
	HIG	B	0.09%
	BK	A	0.09%
	TROW	B	0.09%
	BBY	D	0.09%
	PYPL	B	0.08%
	UNP	C	0.08%
	ADM	D	0.08%
	MTB	A	0.08%
	CNC	D	0.08%
	PRU	A	0.08%
	MO	A	0.07%
	STX	D	0.07%
	KMI	A	0.07%
	CFG	B	0.07%
	MU	D	0.07%
	OMC	C	0.07%
	GD	F	0.07%
	SCHW	B	0.07%
	HPQ	B	0.07%
	HOLX	D	0.07%
	NUE	C	0.07%
	PCAR	B	0.06%
	SOLV	C	0.06%
	HBAN	A	0.06%
	EXC	C	0.06%
	STT	A	0.06%
	DGX	A	0.06%
	RF	A	0.06%
	HCA	F	0.06%
	FITB	A	0.06%
	LEN	D	0.06%
	WBA	F	0.06%
	SYF	B	0.06%
	SRE	A	0.06%
	EXPD	D	0.06%
	HPE	B	0.06%
	APD	A	0.05%
	APA	D	0.05%
	BG	F	0.05%
	ETR	B	0.05%
	SWKS	F	0.05%
	LNT	A	0.05%
	NSC	B	0.05%
	EMR	A	0.05%
	VTRS	A	0.05%
	CSX	B	0.05%
	OKE	A	0.05%
	MRO	B	0.04%
	VICI	C	0.04%
	AMT	D	0.04%
	KNX	B	0.04%
	IP	B	0.04%
	PEG	A	0.04%
	ATO	A	0.04%
	STLD	B	0.04%
	KVUE	A	0.04%
	FCX	D	0.04%
	LHX	C	0.04%
	KEY	B	0.04%
	DVN	F	0.04%
	EIX	B	0.04%
	LYB	F	0.04%
	CCI	D	0.03%
	CNH	C	0.03%
	ES	D	0.03%
	PPL	B	0.03%
	ALLY	C	0.03%
	RS	B	0.03%
	TTC	D	0.03%
	SW	A	0.03%
	NXPI	D	0.03%
	PARA	C	0.03%
	ACI	C	0.03%
	WY	D	0.03%
	MKTX	D	0.03%
	CF	B	0.03%
	SEIC	B	0.03%
	OVV	B	0.03%
	CEG	D	0.03%
	SPG	B	0.03%
	LH	C	0.03%
	MOS	F	0.03%
	NTRS	A	0.03%
	FIS	C	0.03%
	PFG	D	0.03%
	SSNC	B	0.02%
	SJM	D	0.02%
	LKQ	D	0.02%
	AMCR	D	0.02%
	EMN	D	0.02%
	WDC	D	0.02%
	NI	A	0.02%
	EQH	B	0.02%
	IFF	D	0.02%
	CAG	D	0.02%
	OC	A	0.02%
	FNF	B	0.02%
	CRBG	B	0.02%
	CNP	B	0.02%
	DG	F	0.02%
	EVRG	A	0.02%
	CHRW	C	0.02%
	BIIB	F	0.02%
	BAX	D	0.02%
	FOXA	B	0.02%
	BA	F	0.02%
	DINO	D	0.02%
	TAP	C	0.02%
	FE	C	0.02%
	RIVN	F	0.01%
	MTCH	D	0.01%
	BIO	D	0.01%
	BBWI	D	0.01%
	Z	A	0.01%
	CTLT	B	0.01%
	RPRX	D	0.01%
	GLPI	C	0.01%
	FBIN	D	0.01%
	HST	C	0.01%
	FOX	A	0.01%
	NWSA	B	0.01%
	WPC	D	0.01%
	BEN	C	0.01%
	AES	F	0.01%
	HSIC	B	0.01%
	DOC	D	0.01%
	CCL	B	0.01%
	CHRD	D	0.01%
	IPG	D	0.01%
	CG	A	0.01%
	BXP	D	0.01%
	ZM	B	0.01%
	IOT	A	0.0%
	TOST	B	0.0%
	H	B	0.0%
	ROKU	D	0.0%

QUS Underweight 38 Positions Relative to ILCG

	Symbol	Grade	Weight
	TEL	B	-0.09%
	IBKR	A	-0.08%
	NTRA	B	-0.08%
	FIX	A	-0.07%
	FWONK	B	-0.07%
	CPNG	D	-0.07%
	NTNX	A	-0.06%
	NVT	B	-0.05%
	CLH	B	-0.05%
	PFGC	B	-0.05%
	SAIA	B	-0.05%
	COO	D	-0.05%
	WMS	D	-0.04%
	SRPT	D	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	FND	C	-0.04%
	CASY	A	-0.04%
	TTEK	F	-0.04%
	XPO	B	-0.04%
	LECO	B	-0.04%
	BLD	D	-0.03%
	AZPN	A	-0.03%
	SCI	B	-0.03%
	USFD	A	-0.03%
	MEDP	D	-0.03%
	CNM	D	-0.03%
	MORN	B	-0.03%
	BRKR	D	-0.02%
	BJ	A	-0.02%
	FLEX	A	-0.02%
	TOL	B	-0.02%
	U	C	-0.02%
	PCOR	B	-0.02%
	RRX	B	-0.02%
	FWONA	B	-0.01%
	COTY	F	-0.01%
	ALAB	B	-0.01%

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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 Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50

ILCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Specialty Retail REIT - Residential Semiconductors Software - Infrastructure Biotechnology Capital Markets Specialty Chemicals Engineering & Construction Insurance - Property & Casualty Internet Content & Information Restaurants Household & Personal Products Insurance Brokers Medical Devices Medical Instruments & Supplies Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Electronics Aerospace Cloud Computing IBD 50 Insurance Real Estate Investment Trust Semiconductor Chemical Dow Jones Component Mining Mobile Devices Beverage Cloud Infrastructure Natural Gas Software As A Service Medicine Software