QUS vs. INRO ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to BlackRock U.S. Industry Rotation ETF (INRO)

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

$158.60

Average Daily Volume

15,309

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$27.86

Average Daily Volume

3,697

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	QUS	INRO
30 Days	0.81%	1.45%
60 Days	3.38%	5.99%
90 Days	5.17%	6.91%
12 Months	29.60%

425 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in INRO	Overlap
	A	F	0.11%	0.05%	0.05%
	AAPL	C	3.19%	5.57%	3.19%
	ABBV	F	0.58%	0.4%	0.4%
	ACGL	C	0.37%	0.06%	0.06%
	ACI	C	0.03%	0.01%	0.01%
	ACM	B	0.01%	0.11%	0.01%
	ACN	B	1.16%	0.07%	0.07%
	ADBE	C	0.69%	0.32%	0.32%
	ADI	D	0.15%	0.23%	0.15%
	ADP	A	0.54%	0.29%	0.29%
	ADSK	B	0.16%	0.1%	0.1%
	AEP	D	0.18%	0.31%	0.18%
	AES	F	0.01%	0.03%	0.01%
	AFG	A	0.15%	0.02%	0.02%
	AFL	C	0.21%	0.09%	0.09%
	AIG	B	0.12%	0.08%	0.08%
	AIZ	A	0.12%	0.02%	0.02%
	AJG	A	0.45%	0.09%	0.09%
	ALL	B	0.06%	0.08%	0.06%
	ALLE	D	0.04%	0.09%	0.04%
	ALLY	C	0.03%	0.02%	0.02%
	ALNY	D	0.08%	0.05%	0.05%
	AMAT	F	0.53%	0.32%	0.32%
	AMCR	D	0.02%	0.07%	0.02%
	AMD	F	0.07%	0.49%	0.07%
	AME	A	0.02%	0.14%	0.02%
	AMGN	F	0.31%	0.22%	0.22%
	AMP	A	0.04%	0.17%	0.04%
	AMT	F	0.04%	0.11%	0.04%
	AMZN	A	0.69%	1.46%	0.69%
	ANSS	B	0.01%	0.05%	0.01%
	AON	B	0.21%	0.11%	0.11%
	AOS	F	0.03%	0.06%	0.03%
	APA	F	0.04%	0.01%	0.01%
	APD	B	0.04%	0.01%	0.01%
	APH	B	0.73%	0.19%	0.19%
	APO	B	0.03%	0.01%	0.01%
	APP	B	0.01%	0.08%	0.01%
	ARE	F	0.02%	0.04%	0.02%
	ARES	B	0.01%	0.11%	0.01%
	ATO	B	0.04%	0.05%	0.04%
	AVB	B	0.02%	0.01%	0.01%
	AVGO	C	0.63%	1.64%	0.63%
	AVTR	F	0.01%	0.02%	0.01%
	AVY	F	0.01%	0.07%	0.01%
	AXON	B	0.0%	0.02%	0.0%
	AXP	B	0.1%	1.14%	0.1%
	AZO	B	0.35%	0.15%	0.15%
	BA	F	0.02%	0.04%	0.02%
	BAC	A	0.66%	0.79%	0.66%
	BAH	C	0.24%	0.06%	0.06%
	BALL	D	0.02%	0.08%	0.02%
	BBWI	C	0.01%	0.02%	0.01%
	BBY	C	0.09%	0.05%	0.05%
	BEN	C	0.01%	0.03%	0.01%
	BIIB	F	0.02%	0.03%	0.02%
	BIO	C	0.01%	0.01%	0.01%
	BK	B	0.09%	0.11%	0.09%
	BKR	B	0.04%	0.07%	0.04%
	BLDR	C	0.08%	0.15%	0.08%
	BMRN	F	0.08%	0.02%	0.02%
	BMY	B	0.32%	0.12%	0.12%
	BR	A	0.03%	0.07%	0.03%
	BRK.A	B	1.06%	0.06%	0.06%
	BRO	B	0.01%	0.04%	0.01%
	BSY	F	0.0%	0.02%	0.0%
	BURL	C	0.01%	0.05%	0.01%
	BX	A	0.04%	0.42%	0.04%
	BXP	D	0.02%	1.38%	0.02%
	C	B	0.44%	0.34%	0.34%
	CARR	C	0.04%	0.42%	0.04%
	CAT	B	0.63%	0.36%	0.36%
	CB	C	0.62%	0.16%	0.16%
	CBOE	D	0.28%	0.04%	0.04%
	CBRE	B	0.05%	0.88%	0.05%
	CCI	F	0.03%	0.05%	0.03%
	CCK	D	0.02%	0.05%	0.02%
	CDNS	B	0.29%	0.12%	0.12%
	CDW	F	0.21%	0.06%	0.06%
	CEG	D	0.03%	0.45%	0.03%
	CFG	B	0.06%	0.05%	0.05%
	CG	B	0.01%	0.04%	0.01%
	CHRD	D	0.01%	0.01%	0.01%
	CINF	A	0.03%	0.04%	0.03%
	CME	B	0.22%	0.26%	0.22%
	CMI	A	0.16%	0.09%	0.09%
	CNH	D	0.02%	0.02%	0.02%
	COF	B	0.16%	0.49%	0.16%
	COIN	B	0.01%	0.2%	0.01%
	COP	C	0.16%	0.23%	0.16%
	COST	B	1.33%	0.46%	0.46%
	CPRT	A	0.14%	0.21%	0.14%
	CPT	C	0.01%	0.0%	0.0%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.11%	0.47%	0.11%
	CRWD	B	0.06%	0.11%	0.06%
	CSGP	F	0.01%	0.65%	0.01%
	CSL	B	0.01%	0.15%	0.01%
	CSX	B	0.05%	0.26%	0.05%
	CTAS	B	0.24%	0.34%	0.24%
	CTLT	D	0.01%	0.01%	0.01%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	A	0.4%	0.02%	0.02%
	CVX	A	0.52%	0.48%	0.48%
	DAL	A	0.01%	0.03%	0.01%
	DAY	B	0.0%	0.03%	0.0%
	DDOG	B	0.0%	0.05%	0.0%
	DE	D	0.1%	0.2%	0.1%
	DELL	C	0.06%	0.07%	0.06%
	DFS	B	0.07%	0.31%	0.07%
	DG	F	0.02%	0.01%	0.01%
	DHI	D	0.19%	0.33%	0.19%
	DHR	F	0.09%	0.2%	0.09%
	DINO	D	0.02%	0.01%	0.01%
	DKS	D	0.01%	0.03%	0.01%
	DLR	C	0.04%	0.07%	0.04%
	DLTR	F	0.02%	0.01%	0.01%
	DOC	C	0.01%	0.03%	0.01%
	DOCU	B	0.0%	0.02%	0.0%
	DOV	A	0.02%	0.06%	0.02%
	DT	C	0.0%	0.03%	0.0%
	DUK	D	0.59%	0.53%	0.53%
	DVN	F	0.04%	0.04%	0.04%
	EBAY	C	0.02%	0.02%	0.02%
	EFX	F	0.01%	0.08%	0.01%
	EG	D	0.17%	0.03%	0.03%
	EIX	C	0.04%	0.2%	0.04%
	EME	B	0.08%	0.19%	0.08%
	EMR	A	0.05%	0.24%	0.05%
	ENPH	F	0.03%	0.02%	0.02%
	ENTG	F	0.01%	0.03%	0.01%
	EOG	A	0.15%	0.14%	0.14%
	EPAM	B	0.04%	0.01%	0.01%
	EQIX	B	0.02%	0.1%	0.02%
	EQR	C	0.02%	0.01%	0.01%
	EQT	B	0.03%	0.04%	0.03%
	ERIE	F	0.17%	0.02%	0.02%
	ES	D	0.02%	0.13%	0.02%
	ESS	C	0.01%	0.01%	0.01%
	ETN	B	0.05%	0.48%	0.05%
	ETR	B	0.05%	0.2%	0.05%
	EVRG	A	0.02%	0.1%	0.02%
	EXAS	F	0.0%	0.01%	0.0%
	EXC	C	0.05%	0.24%	0.05%
	EXPD	C	0.06%	0.0%	0.0%
	EXR	D	0.02%	0.04%	0.02%
	F	C	0.16%	0.06%	0.06%
	FANG	C	0.22%	0.06%	0.06%
	FAST	B	0.15%	0.41%	0.15%
	FBIN	F	0.01%	0.07%	0.01%
	FCNCA	B	0.32%	0.05%	0.05%
	FCX	F	0.04%	0.11%	0.04%
	FDS	A	0.05%	0.07%	0.05%
	FDX	B	0.11%	0.02%	0.02%
	FE	D	0.02%	0.15%	0.02%
	FI	A	0.3%	0.01%	0.01%
	FICO	B	0.21%	0.08%	0.08%
	FIS	B	0.03%	0.01%	0.01%
	FITB	A	0.06%	0.08%	0.06%
	FNF	C	0.02%	0.0%	0.0%
	FSLR	F	0.03%	0.04%	0.03%
	FTNT	B	0.01%	0.09%	0.01%
	FTV	C	0.02%	0.05%	0.02%
	GD	C	0.07%	0.03%	0.03%
	GDDY	B	0.32%	0.01%	0.01%
	GE	D	0.11%	0.08%	0.08%
	GEN	B	0.13%	0.03%	0.03%
	GEV	B	0.05%	0.31%	0.05%
	GGG	B	0.05%	0.03%	0.03%
	GILD	B	0.46%	0.16%	0.16%
	GLPI	D	0.01%	0.02%	0.01%
	GLW	B	0.14%	0.09%	0.09%
	GM	B	0.3%	0.09%	0.09%
	GOOG	C	1.13%	2.71%	1.13%
	GOOGL	C	1.22%	3.12%	1.22%
	GRMN	A	0.2%	0.22%	0.2%
	GS	B	0.29%	0.62%	0.29%
	GWW	B	0.2%	0.46%	0.2%
	HAL	C	0.03%	0.04%	0.03%
	HBAN	A	0.05%	0.07%	0.05%
	HD	B	0.34%	1.16%	0.34%
	HEI	A	0.0%	0.0%	0.0%
	HEI	A	0.0%	0.0%	0.0%
	HEI	A	0.0%	0.01%	0.0%
	HEI	A	0.0%	0.01%	0.0%
	HES	B	0.02%	0.07%	0.02%
	HIG	C	0.09%	0.05%	0.05%
	HII	F	0.01%	0.0%	0.0%
	HON	B	0.49%	1.56%	0.49%
	HOOD	B	0.0%	0.05%	0.0%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.06%	0.06%
	HUBB	C	0.07%	0.08%	0.07%
	HUBS	B	0.08%	0.05%	0.05%
	HWM	B	0.01%	0.02%	0.01%
	IBM	D	0.69%	0.06%	0.06%
	ICE	C	0.14%	0.29%	0.14%
	IEX	B	0.05%	0.03%	0.03%
	ILMN	C	0.01%	0.03%	0.01%
	INCY	B	0.22%	0.02%	0.02%
	INTC	C	0.18%	0.22%	0.18%
	INTU	A	0.04%	0.28%	0.04%
	INVH	D	0.01%	0.01%	0.01%
	IOT	B	0.0%	0.02%	0.0%
	IP	B	0.04%	0.09%	0.04%
	IQV	F	0.02%	0.05%	0.02%
	IR	A	0.02%	0.08%	0.02%
	IRM	D	0.01%	0.04%	0.01%
	IT	B	0.13%	0.02%	0.02%
	ITW	B	0.27%	0.15%	0.15%
	J	D	0.02%	0.04%	0.02%
	JBHT	C	0.05%	0.06%	0.05%
	JBL	C	0.03%	0.03%	0.03%
	JCI	A	0.05%	0.4%	0.05%
	JNJ	D	1.62%	0.36%	0.36%
	JPM	A	1.01%	1.68%	1.01%
	KEY	B	0.04%	0.05%	0.04%
	KEYS	C	0.28%	0.06%	0.06%
	KKR	B	0.04%	0.31%	0.04%
	KLAC	F	0.32%	0.18%	0.18%
	KMI	B	0.06%	0.1%	0.06%
	KMX	B	0.03%	0.04%	0.03%
	KNX	C	0.04%	0.04%	0.04%
	KR	A	0.32%	0.05%	0.05%
	L	A	0.12%	0.03%	0.03%
	LDOS	C	0.02%	0.06%	0.02%
	LEN	D	0.06%	0.28%	0.06%
	LHX	B	0.04%	0.02%	0.02%
	LII	B	0.01%	0.14%	0.01%
	LIN	D	0.15%	0.02%	0.02%
	LLY	F	2.09%	0.64%	0.64%
	LMT	D	0.75%	0.05%	0.05%
	LNG	B	0.05%	0.09%	0.05%
	LNT	C	0.05%	0.1%	0.05%
	LOW	B	0.12%	0.45%	0.12%
	LPLA	A	0.07%	0.07%	0.07%
	LRCX	F	0.33%	0.21%	0.21%
	LUV	B	0.01%	0.01%	0.01%
	MA	B	1.66%	0.04%	0.04%
	MAA	C	0.01%	0.01%	0.01%
	MANH	C	0.07%	0.03%	0.03%
	MAS	D	0.01%	0.12%	0.01%
	MCHP	F	0.11%	0.08%	0.08%
	MCO	C	0.21%	0.26%	0.21%
	MDB	C	0.0%	0.01%	0.0%
	MELI	D	0.07%	0.07%	0.07%
	MET	C	0.08%	0.08%	0.08%
	META	B	2.41%	3.77%	2.41%
	MKL	A	0.14%	0.04%	0.04%
	MKTX	C	0.03%	0.03%	0.03%
	MLM	B	0.02%	0.59%	0.02%
	MMC	D	0.68%	0.16%	0.16%
	MMM	C	0.28%	0.78%	0.28%
	MO	A	0.06%	0.39%	0.06%
	MPC	D	0.31%	0.1%	0.1%
	MPWR	F	0.1%	0.06%	0.06%
	MRK	F	0.48%	0.24%	0.24%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.04%	0.03%	0.03%
	MRVL	B	0.02%	0.17%	0.02%
	MS	A	0.19%	0.52%	0.19%
	MSCI	B	0.01%	0.15%	0.01%
	MSFT	C	2.68%	4.18%	2.68%
	MSTR	B	0.0%	0.08%	0.0%
	MTB	A	0.08%	0.09%	0.08%
	MTCH	F	0.01%	0.02%	0.01%
	MTD	F	0.01%	0.04%	0.01%
	MU	D	0.08%	0.25%	0.08%
	NBIX	C	0.12%	0.02%	0.02%
	NDAQ	B	0.02%	0.12%	0.02%
	NDSN	B	0.01%	0.03%	0.01%
	NEE	D	0.09%	0.94%	0.09%
	NEM	F	0.2%	0.11%	0.11%
	NET	B	0.0%	0.01%	0.0%
	NOC	D	0.57%	0.03%	0.03%
	NOW	A	0.26%	0.3%	0.26%
	NRG	C	0.03%	0.12%	0.03%
	NSC	B	0.05%	0.23%	0.05%
	NTAP	D	0.16%	0.04%	0.04%
	NTRS	A	0.03%	0.08%	0.03%
	NUE	D	0.08%	0.01%	0.01%
	NVDA	A	2.8%	7.42%	2.8%
	NVR	D	0.11%	0.22%	0.11%
	NXPI	F	0.03%	0.12%	0.03%
	OC	A	0.02%	0.11%	0.02%
	ODFL	B	0.14%	0.17%	0.14%
	OKE	A	0.05%	0.11%	0.05%
	ON	F	0.02%	0.06%	0.02%
	ORCL	A	0.54%	0.44%	0.44%
	ORLY	A	0.25%	0.21%	0.21%
	OTIS	D	0.04%	0.08%	0.04%
	OVV	C	0.03%	0.02%	0.02%
	OXY	F	0.1%	0.06%	0.06%
	PANW	B	0.31%	0.18%	0.18%
	PAYC	B	0.04%	0.03%	0.03%
	PAYX	B	0.17%	0.11%	0.11%
	PCAR	B	0.06%	0.11%	0.06%
	PCG	A	0.06%	0.26%	0.06%
	PFE	F	0.34%	0.14%	0.14%
	PFG	C	0.03%	0.04%	0.03%
	PGR	A	0.65%	0.23%	0.23%
	PH	A	0.04%	0.17%	0.04%
	PHM	D	0.11%	0.19%	0.11%
	PINS	F	0.0%	0.05%	0.0%
	PKG	B	0.09%	0.1%	0.09%
	PLTR	B	0.01%	0.17%	0.01%
	PM	B	0.11%	0.83%	0.11%
	PNC	B	0.16%	0.2%	0.16%
	PNR	A	0.01%	0.04%	0.01%
	PPL	A	0.02%	0.05%	0.02%
	PRU	B	0.08%	0.07%	0.07%
	PSA	D	0.14%	0.07%	0.07%
	PSTG	D	0.0%	0.03%	0.0%
	PSX	C	0.14%	0.1%	0.1%
	PTC	B	0.18%	0.04%	0.04%
	PWR	B	0.02%	0.37%	0.02%
	PYPL	A	0.07%	0.01%	0.01%
	QCOM	F	0.57%	0.39%	0.39%
	QRVO	F	0.01%	0.01%	0.01%
	REGN	F	0.27%	0.12%	0.12%
	RF	A	0.06%	0.07%	0.06%
	RIVN	F	0.01%	0.01%	0.01%
	RJF	A	0.03%	0.11%	0.03%
	ROK	B	0.09%	0.1%	0.09%
	ROL	C	0.17%	0.06%	0.06%
	ROP	A	0.47%	0.09%	0.09%
	ROST	D	0.03%	0.14%	0.03%
	RPRX	F	0.01%	0.01%	0.01%
	RS	C	0.03%	0.01%	0.01%
	RSG	B	0.53%	0.2%	0.2%
	RTX	D	0.19%	0.07%	0.07%
	RVTY	C	0.02%	0.02%	0.02%
	SBAC	D	0.01%	0.03%	0.01%
	SCHW	B	0.06%	0.37%	0.06%
	SEIC	A	0.03%	0.02%	0.02%
	SHW	A	0.26%	0.01%	0.01%
	SLB	C	0.05%	0.09%	0.05%
	SMCI	F	0.03%	0.02%	0.02%
	SNA	A	0.06%	0.04%	0.04%
	SNAP	C	0.0%	0.04%	0.0%
	SNOW	C	0.0%	0.01%	0.0%
	SNPS	C	0.29%	0.12%	0.12%
	SO	D	0.53%	0.59%	0.53%
	SPGI	C	0.06%	0.52%	0.06%
	SSNC	C	0.02%	0.03%	0.02%
	STLD	C	0.04%	0.01%	0.01%
	STT	B	0.06%	0.05%	0.05%
	STX	D	0.07%	0.04%	0.04%
	SUI	F	0.01%	0.01%	0.01%
	SW	B	0.03%	0.12%	0.03%
	SWK	F	0.02%	0.03%	0.02%
	SWKS	F	0.05%	0.03%	0.03%
	SYF	B	0.06%	0.18%	0.06%
	SYY	D	0.05%	0.04%	0.04%
	TDG	D	0.01%	0.03%	0.01%
	TDY	B	0.22%	0.05%	0.05%
	TEAM	B	0.0%	0.06%	0.0%
	TECH	D	0.0%	0.02%	0.0%
	TER	F	0.05%	0.03%	0.03%
	TFC	B	0.15%	0.15%	0.15%
	TGT	C	0.1%	0.08%	0.08%
	TJX	A	0.54%	0.38%	0.38%
	TMO	F	0.11%	0.26%	0.11%
	TMUS	A	0.76%	4.59%	0.76%
	TPL	B	0.09%	0.05%	0.05%
	TRGP	B	0.03%	0.07%	0.03%
	TRMB	B	0.01%	0.04%	0.01%
	TROW	A	0.09%	0.05%	0.05%
	TRU	D	0.01%	0.05%	0.01%
	TRV	B	0.45%	0.09%	0.09%
	TSCO	D	0.09%	0.09%	0.09%
	TSLA	B	0.27%	1.32%	0.27%
	TT	B	0.26%	0.65%	0.26%
	TTC	F	0.03%	0.02%	0.02%
	TW	B	0.07%	0.05%	0.05%
	TWLO	B	0.01%	0.01%	0.01%
	TXN	B	1.13%	0.41%	0.41%
	TXT	D	0.02%	0.01%	0.01%
	TYL	B	0.01%	0.04%	0.01%
	UBER	F	0.17%	0.5%	0.17%
	UHAL	D	0.01%	0.02%	0.01%
	ULTA	C	0.08%	0.05%	0.05%
	UNH	B	2.25%	0.01%	0.01%
	UNP	D	0.08%	0.55%	0.08%
	UPS	C	0.11%	0.03%	0.03%
	URI	B	0.04%	0.5%	0.04%
	USB	B	0.16%	0.2%	0.16%
	UTHR	B	0.11%	0.02%	0.02%
	V	A	1.85%	0.04%	0.04%
	VICI	D	0.04%	0.05%	0.04%
	VLO	C	0.14%	0.08%	0.08%
	VLTO	D	0.08%	0.11%	0.08%
	VMC	B	0.02%	0.61%	0.02%
	VRSK	A	0.15%	0.09%	0.09%
	VRSN	C	0.22%	0.01%	0.01%
	VRT	B	0.01%	0.14%	0.01%
	VRTX	B	0.62%	0.17%	0.17%
	VST	B	0.02%	0.17%	0.02%
	VTR	C	0.02%	0.06%	0.02%
	VTRS	B	0.05%	0.01%	0.01%
	WAB	B	0.02%	0.07%	0.02%
	WAT	B	0.07%	0.03%	0.03%
	WBA	D	0.07%	0.01%	0.01%
	WCN	A	0.52%	0.2%	0.2%
	WDAY	B	0.15%	0.08%	0.08%
	WDC	D	0.02%	0.04%	0.02%
	WELL	B	0.04%	0.18%	0.04%
	WFC	A	0.46%	0.62%	0.46%
	WM	A	0.52%	0.37%	0.37%
	WMB	B	0.14%	0.12%	0.12%
	WMT	A	0.93%	0.41%	0.41%
	WRB	B	0.12%	0.03%	0.03%
	WSM	F	0.06%	0.05%	0.05%
	WSO	B	0.06%	0.16%	0.06%
	WST	B	0.06%	0.03%	0.03%
	WTW	A	0.15%	0.05%	0.05%
	WY	F	0.03%	0.03%	0.03%
	XEL	A	0.19%	0.23%	0.19%
	XOM	B	0.81%	0.95%	0.81%
	XYL	F	0.01%	0.06%	0.01%
	Z	B	0.01%	0.25%	0.01%
	ZBRA	B	0.01%	0.04%	0.01%
	ZM	B	0.01%	0.04%	0.01%
	ZS	B	0.0%	0.03%	0.0%
	ZTS	D	0.24%	0.08%	0.08%

QUS Overweight 159 Positions Relative to INRO

	Symbol	Grade	Weight
	CSCO	A	1.32%
	PEP	D	1.03%
	KO	F	0.82%
	VZ	D	0.77%
	T	A	0.66%
	MSI	B	0.64%
	MCK	B	0.6%
	PG	C	0.57%
	MCD	C	0.5%
	ED	D	0.42%
	CMCSA	B	0.42%
	ANET	C	0.41%
	COR	B	0.36%
	EA	A	0.3%
	CVS	F	0.3%
	ELV	F	0.3%
	WEC	B	0.28%
	K	A	0.28%
	TSN	B	0.27%
	NKE	F	0.27%
	GIS	F	0.26%
	KDP	C	0.24%
	BDX	F	0.24%
	FFIV	B	0.23%
	CI	D	0.23%
	CMG	B	0.22%
	MDLZ	F	0.22%
	HUM	D	0.2%
	YUM	B	0.19%
	HSY	F	0.18%
	KHC	F	0.18%
	CTVA	C	0.17%
	JNPR	D	0.17%
	CL	F	0.16%
	MDT	D	0.15%
	DIS	B	0.15%
	ABT	C	0.15%
	CHD	A	0.14%
	MOH	F	0.14%
	AKAM	F	0.14%
	NFLX	A	0.13%
	D	D	0.13%
	LULU	B	0.12%
	EW	F	0.12%
	CAH	B	0.12%
	MNST	B	0.12%
	CPB	F	0.12%
	IDXX	F	0.12%
	AEE	B	0.11%
	WBD	B	0.11%
	KMB	D	0.1%
	RMD	C	0.1%
	CNC	F	0.09%
	CHTR	B	0.09%
	VEEV	B	0.09%
	DTE	D	0.09%
	HRL	F	0.08%
	PLD	D	0.08%
	ADM	F	0.08%
	CMS	D	0.08%
	DECK	B	0.08%
	DPZ	C	0.07%
	HOLX	D	0.07%
	OMC	A	0.07%
	DGX	B	0.06%
	SOLV	C	0.06%
	SBUX	B	0.06%
	HCA	D	0.06%
	DOW	F	0.06%
	SRE	B	0.06%
	SYK	A	0.05%
	GPN	B	0.04%
	PEG	C	0.04%
	BKNG	A	0.04%
	JKHY	C	0.04%
	KVUE	A	0.04%
	DD	D	0.04%
	BSX	A	0.04%
	O	D	0.04%
	BG	D	0.04%
	POOL	D	0.04%
	LYB	F	0.04%
	PARA	B	0.03%
	CF	B	0.03%
	GEHC	D	0.03%
	SPG	A	0.03%
	LH	B	0.03%
	MOS	D	0.03%
	LW	B	0.03%
	ISRG	A	0.03%
	CPAY	A	0.02%
	IPG	F	0.02%
	STZ	D	0.02%
	ABNB	C	0.02%
	LKQ	C	0.02%
	SJM	F	0.02%
	EMN	D	0.02%
	AWK	D	0.02%
	EXPE	B	0.02%
	GPC	D	0.02%
	ALB	C	0.02%
	NI	A	0.02%
	EQH	B	0.02%
	UHS	D	0.02%
	KIM	A	0.02%
	MAR	A	0.02%
	IFF	F	0.02%
	APTV	F	0.02%
	CRBG	C	0.02%
	CNP	B	0.02%
	CAG	F	0.02%
	ZBH	C	0.02%
	CHRW	A	0.02%
	FOXA	A	0.02%
	TAP	B	0.02%
	ECL	C	0.02%
	BAX	F	0.02%
	PPG	F	0.02%
	SQ	B	0.02%
	TTD	B	0.01%
	ALGN	D	0.01%
	LYV	A	0.01%
	LVS	C	0.01%
	TFX	F	0.01%
	AMH	C	0.01%
	UDR	C	0.01%
	WLK	F	0.01%
	DVA	C	0.01%
	MGM	D	0.01%
	DASH	A	0.01%
	EL	F	0.01%
	WTRG	C	0.01%
	FOX	A	0.01%
	HST	D	0.01%
	RCL	A	0.01%
	REG	A	0.01%
	RPM	A	0.01%
	HLT	A	0.01%
	CLX	A	0.01%
	NWSA	B	0.01%
	WPC	F	0.01%
	STE	D	0.01%
	HSIC	F	0.01%
	MKC	D	0.01%
	TTWO	A	0.01%
	CCL	B	0.01%
	CE	F	0.01%
	DRI	B	0.01%
	CELH	F	0.0%
	RBLX	B	0.0%
	TOST	A	0.0%
	DKNG	B	0.0%
	H	B	0.0%
	WYNN	C	0.0%
	PODD	B	0.0%
	DXCM	C	0.0%
	ROKU	C	0.0%
	ELS	B	0.0%
	OKTA	C	0.0%

QUS Underweight 0 Positions Relative to INRO

	Symbol	Grade	Weight

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management 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

INRO: Top Represented Industries & Keywords

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

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