QUS vs. JPUS ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	QUS	JPUS
30 Days	2.25%	2.72%
60 Days	3.15%	2.86%
90 Days	4.45%	5.12%
12 Months	29.35%	27.89%

255 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in JPUS	Overlap
	AAPL	C	3.24%	0.36%	0.36%
	ABBV	D	0.49%	0.33%	0.33%
	ABT	B	0.16%	0.31%	0.16%
	ACGL	D	0.38%	0.31%	0.31%
	ACI	C	0.03%	0.31%	0.03%
	ACN	C	1.18%	0.32%	0.32%
	ADBE	C	0.71%	0.05%	0.05%
	ADI	D	0.14%	0.35%	0.14%
	ADM	D	0.08%	0.34%	0.08%
	AEP	D	0.19%	0.31%	0.19%
	AFG	A	0.15%	0.06%	0.06%
	AFL	B	0.22%	0.38%	0.22%
	ALLY	C	0.03%	0.24%	0.03%
	AMAT	F	0.48%	0.31%	0.31%
	AMGN	D	0.27%	0.35%	0.27%
	AMP	A	0.04%	0.29%	0.04%
	ANET	C	0.39%	0.47%	0.39%
	AOS	F	0.03%	0.3%	0.03%
	APH	A	0.71%	0.42%	0.42%
	APO	B	0.03%	0.23%	0.03%
	ATO	A	0.04%	0.16%	0.04%
	AVB	B	0.02%	0.31%	0.02%
	AVGO	D	0.58%	0.38%	0.38%
	AVY	D	0.01%	0.26%	0.01%
	AZO	C	0.36%	0.35%	0.35%
	BAC	A	0.69%	0.31%	0.31%
	BAH	F	0.2%	0.32%	0.2%
	BBY	D	0.09%	0.24%	0.09%
	BDX	F	0.24%	0.19%	0.19%
	BG	F	0.05%	0.34%	0.05%
	BKNG	A	0.04%	0.18%	0.04%
	BLDR	D	0.08%	0.34%	0.08%
	BMY	B	0.34%	0.25%	0.25%
	BRK.A	B	1.1%	0.39%	0.39%
	CAG	D	0.02%	0.32%	0.02%
	CAH	B	0.12%	0.36%	0.12%
	CARR	D	0.04%	0.09%	0.04%
	CAT	B	0.63%	0.28%	0.28%
	CB	C	0.65%	0.27%	0.27%
	CBOE	B	0.29%	0.25%	0.25%
	CBRE	B	0.05%	0.05%	0.05%
	CCI	D	0.03%	0.16%	0.03%
	CDNS	B	0.29%	0.33%	0.29%
	CE	F	0.01%	0.2%	0.01%
	CEG	D	0.03%	0.42%	0.03%
	CF	B	0.03%	0.32%	0.03%
	CFG	B	0.07%	0.07%	0.07%
	CHD	B	0.14%	0.34%	0.14%
	CHTR	C	0.09%	0.4%	0.09%
	CI	F	0.24%	0.35%	0.24%
	CL	D	0.17%	0.32%	0.17%
	CLX	B	0.01%	0.35%	0.01%
	CMCSA	B	0.42%	0.42%	0.42%
	CMI	A	0.17%	0.42%	0.17%
	CMS	C	0.09%	0.28%	0.09%
	COF	B	0.17%	0.45%	0.17%
	COP	C	0.17%	0.28%	0.17%
	COR	B	0.35%	0.39%	0.35%
	CPB	D	0.12%	0.33%	0.12%
	CPT	B	0.01%	0.17%	0.01%
	CSCO	B	1.34%	0.41%	0.41%
	CSL	C	0.01%	0.17%	0.01%
	CSX	B	0.05%	0.13%	0.05%
	CTRA	B	0.03%	0.35%	0.03%
	CTSH	B	0.39%	0.37%	0.37%
	CTVA	C	0.16%	0.3%	0.16%
	CVS	D	0.29%	0.36%	0.29%
	CVX	A	0.55%	0.35%	0.35%
	D	C	0.14%	0.34%	0.14%
	DFS	B	0.07%	0.13%	0.07%
	DGX	A	0.06%	0.36%	0.06%
	DHI	D	0.19%	0.33%	0.19%
	DHR	F	0.09%	0.27%	0.09%
	DINO	D	0.02%	0.26%	0.02%
	DKS	C	0.01%	0.36%	0.01%
	DOW	F	0.06%	0.26%	0.06%
	DRI	B	0.02%	0.24%	0.02%
	DTE	C	0.1%	0.3%	0.1%
	DUK	C	0.6%	0.36%	0.36%
	DVA	B	0.01%	0.37%	0.01%
	DVN	F	0.04%	0.1%	0.04%
	EA	A	0.31%	0.19%	0.19%
	ECL	D	0.02%	0.29%	0.02%
	ED	D	0.42%	0.34%	0.34%
	EG	C	0.18%	0.28%	0.18%
	EIX	B	0.04%	0.36%	0.04%
	ELV	F	0.29%	0.26%	0.26%
	EMN	D	0.02%	0.32%	0.02%
	EOG	A	0.15%	0.32%	0.15%
	EQR	B	0.02%	0.2%	0.02%
	ESS	B	0.01%	0.37%	0.01%
	ETN	A	0.05%	0.43%	0.05%
	ETR	B	0.05%	0.46%	0.05%
	EVRG	A	0.02%	0.34%	0.02%
	EXC	C	0.06%	0.31%	0.06%
	F	C	0.16%	0.19%	0.16%
	FANG	D	0.22%	0.39%	0.22%
	FAST	B	0.15%	0.39%	0.15%
	FBIN	D	0.01%	0.12%	0.01%
	FCNCA	A	0.34%	0.43%	0.34%
	FCX	D	0.04%	0.25%	0.04%
	FE	C	0.02%	0.34%	0.02%
	FITB	A	0.06%	0.31%	0.06%
	FNF	B	0.02%	0.35%	0.02%
	GD	F	0.07%	0.36%	0.07%
	GEHC	F	0.03%	0.22%	0.03%
	GEN	B	0.13%	0.07%	0.07%
	GILD	C	0.43%	0.35%	0.35%
	GIS	D	0.25%	0.33%	0.25%
	GLPI	C	0.01%	0.34%	0.01%
	GOOGL	C	1.2%	0.11%	0.11%
	GRMN	B	0.2%	0.43%	0.2%
	GWW	B	0.2%	0.43%	0.2%
	HBAN	A	0.06%	0.33%	0.06%
	HCA	F	0.06%	0.34%	0.06%
	HIG	B	0.09%	0.39%	0.09%
	HOLX	D	0.07%	0.28%	0.07%
	HPE	B	0.06%	0.3%	0.06%
	HRL	D	0.08%	0.35%	0.08%
	HST	C	0.01%	0.4%	0.01%
	HSY	F	0.18%	0.26%	0.18%
	HUBB	B	0.07%	0.35%	0.07%
	IBM	C	0.67%	0.3%	0.3%
	IFF	D	0.02%	0.21%	0.02%
	INTU	C	0.04%	0.36%	0.04%
	IP	B	0.04%	0.46%	0.04%
	IPG	D	0.01%	0.15%	0.01%
	IRM	D	0.01%	0.39%	0.01%
	IT	C	0.13%	0.32%	0.13%
	ITW	B	0.27%	0.34%	0.27%
	JNPR	F	0.17%	0.38%	0.17%
	K	A	0.29%	0.38%	0.29%
	KDP	D	0.23%	0.26%	0.23%
	KEY	B	0.04%	0.06%	0.04%
	KHC	F	0.18%	0.34%	0.18%
	KIM	A	0.02%	0.33%	0.02%
	KLAC	D	0.29%	0.32%	0.29%
	KMB	D	0.1%	0.34%	0.1%
	KMI	A	0.07%	0.48%	0.07%
	KO	D	0.81%	0.33%	0.33%
	KR	B	0.31%	0.43%	0.31%
	KVUE	A	0.04%	0.39%	0.04%
	LDOS	C	0.02%	0.22%	0.02%
	LEN	D	0.06%	0.36%	0.06%
	LH	C	0.03%	0.28%	0.03%
	LIN	D	0.15%	0.28%	0.15%
	LLY	F	1.92%	0.33%	0.33%
	LMT	D	0.72%	0.36%	0.36%
	LNG	B	0.05%	0.34%	0.05%
	LOW	D	0.13%	0.37%	0.13%
	LRCX	F	0.3%	0.26%	0.26%
	LYB	F	0.04%	0.31%	0.04%
	MAA	B	0.01%	0.21%	0.01%
	MAS	D	0.01%	0.3%	0.01%
	MCK	B	0.61%	0.46%	0.46%
	MDLZ	F	0.22%	0.33%	0.22%
	MDT	D	0.15%	0.23%	0.15%
	META	D	2.32%	0.42%	0.42%
	MMC	B	0.69%	0.05%	0.05%
	MNST	C	0.12%	0.03%	0.03%
	MO	A	0.07%	0.39%	0.07%
	MOH	F	0.13%	0.14%	0.13%
	MOS	F	0.03%	0.17%	0.03%
	MPC	D	0.32%	0.36%	0.32%
	MRK	F	0.46%	0.26%	0.26%
	MRO	B	0.04%	0.37%	0.04%
	MSFT	F	2.7%	0.35%	0.35%
	MSI	B	0.63%	0.43%	0.43%
	NEM	D	0.18%	0.18%	0.18%
	NI	A	0.02%	0.41%	0.02%
	NKE	D	0.28%	0.06%	0.06%
	NRG	B	0.03%	0.46%	0.03%
	NTAP	C	0.16%	0.31%	0.16%
	NUE	C	0.07%	0.3%	0.07%
	NVDA	C	2.76%	0.45%	0.45%
	NVR	D	0.11%	0.38%	0.11%
	OC	A	0.02%	0.34%	0.02%
	ORCL	B	0.53%	0.41%	0.41%
	ORLY	B	0.26%	0.37%	0.26%
	OXY	D	0.1%	0.1%	0.1%
	PCAR	B	0.06%	0.06%	0.06%
	PEG	A	0.04%	0.41%	0.04%
	PEP	F	1.01%	0.34%	0.34%
	PFG	D	0.03%	0.1%	0.03%
	PG	A	0.59%	0.36%	0.36%
	PGR	A	0.65%	0.39%	0.39%
	PH	A	0.04%	0.39%	0.04%
	PHM	D	0.11%	0.38%	0.11%
	PKG	A	0.09%	0.3%	0.09%
	PLD	D	0.08%	0.01%	0.01%
	PM	B	0.11%	0.39%	0.11%
	PPL	B	0.03%	0.39%	0.03%
	PRU	A	0.08%	0.1%	0.08%
	PSA	D	0.14%	0.34%	0.14%
	PSX	C	0.14%	0.35%	0.14%
	PWR	A	0.02%	0.46%	0.02%
	QCOM	F	0.55%	0.3%	0.3%
	REG	B	0.01%	0.38%	0.01%
	REGN	F	0.25%	0.26%	0.25%
	RF	A	0.06%	0.09%	0.06%
	RMD	C	0.09%	0.07%	0.07%
	ROKU	D	0.0%	0.0%	0.0%
	ROST	C	0.03%	0.23%	0.03%
	RPM	A	0.01%	0.28%	0.01%
	RS	B	0.03%	0.38%	0.03%
	RSG	A	0.54%	0.4%	0.4%
	RVTY	F	0.01%	0.23%	0.01%
	SJM	D	0.02%	0.21%	0.02%
	SO	D	0.54%	0.37%	0.37%
	SPG	B	0.03%	0.41%	0.03%
	SRE	A	0.06%	0.37%	0.06%
	SSNC	B	0.02%	0.04%	0.02%
	STE	F	0.01%	0.25%	0.01%
	STLD	B	0.04%	0.38%	0.04%
	STT	A	0.06%	0.13%	0.06%
	STZ	D	0.02%	0.31%	0.02%
	SWKS	F	0.05%	0.14%	0.05%
	SYF	B	0.06%	0.52%	0.06%
	SYK	C	0.05%	0.28%	0.05%
	SYY	B	0.05%	0.36%	0.05%
	T	A	0.69%	0.4%	0.4%
	TAP	C	0.02%	0.43%	0.02%
	TGT	F	0.1%	0.24%	0.1%
	TJX	A	0.56%	0.34%	0.34%
	TMO	F	0.1%	0.15%	0.1%
	TMUS	B	0.78%	0.47%	0.47%
	TRGP	B	0.03%	0.5%	0.03%
	TSCO	D	0.09%	0.34%	0.09%
	TSN	B	0.3%	0.37%	0.3%
	UHS	D	0.02%	0.33%	0.02%
	UNH	C	2.21%	0.34%	0.34%
	UNP	C	0.08%	0.27%	0.08%
	USB	A	0.16%	0.11%	0.11%
	UTHR	C	0.1%	0.42%	0.1%
	VICI	C	0.04%	0.33%	0.04%
	VLO	C	0.15%	0.4%	0.15%
	VLTO	D	0.08%	0.04%	0.04%
	VRTX	F	0.57%	0.37%	0.37%
	VST	B	0.02%	0.64%	0.02%
	VTR	C	0.02%	0.25%	0.02%
	VTRS	A	0.05%	0.23%	0.05%
	VZ	C	0.81%	0.38%	0.38%
	WEC	A	0.29%	0.34%	0.29%
	WELL	A	0.04%	0.4%	0.04%
	WLK	D	0.01%	0.32%	0.01%
	WM	A	0.52%	0.41%	0.41%
	WMB	A	0.15%	0.41%	0.15%
	WPC	D	0.01%	0.21%	0.01%
	WRB	A	0.12%	0.12%	0.12%
	WSM	B	0.06%	0.31%	0.06%
	WST	C	0.06%	0.27%	0.06%
	WY	D	0.03%	0.31%	0.03%
	XEL	A	0.2%	0.36%	0.2%
	XOM	B	0.81%	0.41%	0.41%
	ZTS	D	0.25%	0.27%	0.25%

QUS Overweight 328 Positions Relative to JPUS

	Symbol	Grade	Weight
	V	A	1.91%
	MA	C	1.69%
	JNJ	D	1.64%
	COST	B	1.31%
	GOOG	C	1.12%
	TXN	C	1.06%
	JPM	A	1.06%
	WMT	A	0.94%
	AMZN	C	0.69%
	NOC	D	0.55%
	ADP	B	0.54%
	HON	B	0.53%
	WCN	A	0.53%
	WFC	A	0.5%
	MCD	D	0.5%
	TRV	B	0.47%
	AJG	B	0.46%
	ROP	B	0.46%
	BLK	C	0.46%
	C	A	0.45%
	HD	A	0.35%
	GDDY	A	0.34%
	PFE	D	0.33%
	PANW	C	0.32%
	GM	B	0.32%
	FI	A	0.31%
	GS	A	0.3%
	SNPS	B	0.28%
	TSLA	B	0.28%
	MMM	D	0.28%
	NOW	A	0.27%
	SHW	A	0.26%
	KEYS	A	0.26%
	TT	A	0.26%
	CME	A	0.23%
	FFIV	B	0.23%
	CTAS	B	0.23%
	CMG	B	0.22%
	VRSN	F	0.22%
	MS	A	0.21%
	MCO	B	0.21%
	AON	A	0.21%
	TDY	B	0.21%
	HUM	C	0.2%
	FICO	B	0.2%
	INCY	C	0.2%
	YUM	B	0.19%
	CDW	F	0.19%
	INTC	D	0.18%
	PTC	A	0.18%
	UBER	D	0.18%
	RTX	C	0.18%
	PNC	B	0.17%
	ERIE	D	0.17%
	ROL	B	0.17%
	DIS	B	0.17%
	TFC	A	0.16%
	ADSK	A	0.16%
	WTW	B	0.16%
	PAYX	C	0.16%
	MKL	A	0.15%
	VRSK	A	0.15%
	WDAY	B	0.15%
	NFLX	A	0.14%
	GLW	B	0.14%
	CPRT	A	0.14%
	ICE	C	0.14%
	AKAM	D	0.14%
	ODFL	B	0.13%
	CRM	B	0.12%
	AIG	B	0.12%
	FDX	B	0.12%
	LULU	C	0.12%
	IDXX	F	0.12%
	EW	C	0.12%
	L	A	0.12%
	AIZ	A	0.12%
	AXP	A	0.11%
	A	D	0.11%
	GE	D	0.11%
	NBIX	C	0.11%
	AEE	A	0.11%
	UPS	C	0.11%
	WBD	C	0.11%
	NEE	D	0.1%
	MCHP	D	0.1%
	ROK	B	0.1%
	DE	A	0.1%
	TPL	A	0.09%
	DECK	A	0.09%
	MET	A	0.09%
	BK	A	0.09%
	TROW	B	0.09%
	EME	C	0.08%
	PYPL	B	0.08%
	ULTA	F	0.08%
	BMRN	D	0.08%
	MTB	A	0.08%
	HUBS	A	0.08%
	VEEV	C	0.08%
	CNC	D	0.08%
	STX	D	0.07%
	MANH	D	0.07%
	SPGI	C	0.07%
	DPZ	C	0.07%
	WAT	B	0.07%
	MU	D	0.07%
	OMC	C	0.07%
	TW	A	0.07%
	SCHW	B	0.07%
	HPQ	B	0.07%
	MELI	D	0.07%
	ALNY	D	0.07%
	MPWR	F	0.07%
	LPLA	A	0.07%
	SOLV	C	0.06%
	WSO	A	0.06%
	PCG	A	0.06%
	DELL	C	0.06%
	SBUX	A	0.06%
	AMD	F	0.06%
	WBA	F	0.06%
	EXPD	D	0.06%
	ALL	A	0.06%
	SNA	A	0.06%
	CRWD	B	0.06%
	GEV	B	0.05%
	APD	A	0.05%
	APA	D	0.05%
	BX	A	0.05%
	GGG	B	0.05%
	IEX	B	0.05%
	LNT	A	0.05%
	JBHT	C	0.05%
	FDS	B	0.05%
	NSC	B	0.05%
	JCI	C	0.05%
	EMR	A	0.05%
	SLB	C	0.05%
	OKE	A	0.05%
	ISRG	A	0.04%
	AMT	D	0.04%
	DLR	B	0.04%
	JKHY	D	0.04%
	ALLE	D	0.04%
	KNX	B	0.04%
	OTIS	C	0.04%
	GPN	B	0.04%
	URI	B	0.04%
	DD	D	0.04%
	BSX	B	0.04%
	O	D	0.04%
	BKR	B	0.04%
	EPAM	C	0.04%
	KKR	A	0.04%
	LHX	C	0.04%
	POOL	C	0.04%
	TER	D	0.04%
	CNH	C	0.03%
	ES	D	0.03%
	SMCI	F	0.03%
	TTC	D	0.03%
	HAL	C	0.03%
	SW	A	0.03%
	NXPI	D	0.03%
	EQT	B	0.03%
	PARA	C	0.03%
	KMX	B	0.03%
	BR	A	0.03%
	FSLR	F	0.03%
	SQ	B	0.03%
	JBL	B	0.03%
	MKTX	D	0.03%
	SEIC	B	0.03%
	OVV	B	0.03%
	LW	C	0.03%
	NTRS	A	0.03%
	FIS	C	0.03%
	RJF	A	0.03%
	CINF	A	0.03%
	PAYC	B	0.03%
	APP	B	0.02%
	CPAY	A	0.02%
	CCK	C	0.02%
	BALL	D	0.02%
	ABNB	C	0.02%
	LKQ	D	0.02%
	VMC	B	0.02%
	AWK	D	0.02%
	AMCR	D	0.02%
	DLTR	F	0.02%
	WDC	D	0.02%
	NDAQ	A	0.02%
	DOV	A	0.02%
	EXPE	B	0.02%
	MLM	B	0.02%
	IR	B	0.02%
	GPC	D	0.02%
	FTV	C	0.02%
	ARE	D	0.02%
	ALB	C	0.02%
	EQH	B	0.02%
	J	F	0.02%
	MAR	B	0.02%
	TXT	D	0.02%
	APTV	D	0.02%
	EBAY	D	0.02%
	MRVL	B	0.02%
	IQV	D	0.02%
	CRBG	B	0.02%
	CNP	B	0.02%
	DG	F	0.02%
	WAB	B	0.02%
	SWK	D	0.02%
	CHRW	C	0.02%
	HES	B	0.02%
	ON	D	0.02%
	BIIB	F	0.02%
	ZBH	C	0.02%
	BAX	D	0.02%
	FOXA	B	0.02%
	BA	F	0.02%
	EQIX	A	0.02%
	EXR	D	0.02%
	AME	A	0.02%
	ENPH	F	0.02%
	PPG	F	0.02%
	TTD	B	0.01%
	HOOD	B	0.01%
	ENTG	D	0.01%
	RIVN	F	0.01%
	MTCH	D	0.01%
	TYL	B	0.01%
	MTD	D	0.01%
	BIO	D	0.01%
	LUV	C	0.01%
	BBWI	D	0.01%
	NDSN	B	0.01%
	Z	A	0.01%
	LII	A	0.01%
	ALGN	D	0.01%
	QRVO	F	0.01%
	LVS	C	0.01%
	LYV	A	0.01%
	TFX	F	0.01%
	VRT	B	0.01%
	SBAC	D	0.01%
	PLTR	B	0.01%
	ILMN	D	0.01%
	ARES	A	0.01%
	UDR	B	0.01%
	UHAL	D	0.01%
	CSGP	D	0.01%
	AMH	D	0.01%
	CRL	C	0.01%
	CTLT	B	0.01%
	RPRX	D	0.01%
	ANSS	B	0.01%
	MGM	D	0.01%
	TDG	D	0.01%
	MSCI	C	0.01%
	DASH	A	0.01%
	HII	D	0.01%
	EL	F	0.01%
	WTRG	B	0.01%
	TRU	D	0.01%
	AVTR	F	0.01%
	FOX	A	0.01%
	PNR	A	0.01%
	NWSA	B	0.01%
	HLT	A	0.01%
	RCL	A	0.01%
	SUI	D	0.01%
	MKC	D	0.01%
	BEN	C	0.01%
	FTNT	C	0.01%
	ZBRA	B	0.01%
	MRNA	F	0.01%
	TWLO	A	0.01%
	AES	F	0.01%
	HSIC	B	0.01%
	INVH	D	0.01%
	TRMB	B	0.01%
	BURL	A	0.01%
	TTWO	A	0.01%
	ACM	A	0.01%
	DOC	D	0.01%
	COIN	C	0.01%
	DAL	C	0.01%
	XYL	D	0.01%
	CCL	B	0.01%
	EFX	F	0.01%
	HWM	A	0.01%
	CHRD	D	0.01%
	BRO	B	0.01%
	CG	A	0.01%
	BXP	D	0.01%
	ZM	B	0.01%
	CELH	F	0.0%
	IOT	A	0.0%
	ZS	C	0.0%
	TEAM	A	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	MDB	C	0.0%
	TOST	B	0.0%
	DKNG	B	0.0%
	BSY	D	0.0%
	PSTG	D	0.0%
	DDOG	A	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	DT	C	0.0%
	WYNN	D	0.0%
	PODD	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	HEI	B	0.0%
	DAY	B	0.0%
	SNOW	C	0.0%
	PINS	D	0.0%
	DXCM	D	0.0%
	MSTR	C	0.0%
	ELS	C	0.0%
	HEI	B	0.0%
	TECH	D	0.0%
	OKTA	C	0.0%
	AXON	A	0.0%

QUS Underweight 100 Positions Relative to JPUS

	Symbol	Grade	Weight
	CIEN	B	-0.52%
	UNM	A	-0.51%
	PFGC	B	-0.46%
	USFD	A	-0.44%
	ALSN	B	-0.42%
	INGR	B	-0.42%
	TOL	B	-0.42%
	JLL	D	-0.41%
	CLH	B	-0.41%
	CASY	A	-0.41%
	THC	D	-0.4%
	PNW	B	-0.39%
	LAMR	D	-0.39%
	AM	A	-0.38%
	OHI	C	-0.38%
	FYBR	D	-0.37%
	BRX	A	-0.37%
	NXST	C	-0.36%
	HRB	D	-0.36%
	OGE	B	-0.36%
	SCCO	F	-0.36%
	MTG	C	-0.35%
	CUBE	D	-0.35%
	POST	C	-0.35%
	PAG	B	-0.34%
	X	C	-0.33%
	UGI	A	-0.31%
	ESI	A	-0.3%
	NFG	A	-0.3%
	JEF	A	-0.3%
	ORI	A	-0.3%
	GNTX	C	-0.28%
	SPB	C	-0.27%
	OLN	D	-0.26%
	MSM	C	-0.25%
	ITT	A	-0.24%
	SAM	C	-0.24%
	PK	B	-0.24%
	SNX	C	-0.24%
	DOX	D	-0.24%
	BRBR	A	-0.24%
	PR	B	-0.23%
	STAG	F	-0.23%
	OMF	A	-0.22%
	FLO	D	-0.21%
	EXP	A	-0.21%
	COKE	C	-0.21%
	PPC	C	-0.21%
	CNM	D	-0.21%
	BPOP	B	-0.21%
	GAP	C	-0.2%
	MEDP	D	-0.19%
	TKR	D	-0.19%
	ASH	D	-0.19%
	R	B	-0.18%
	CLF	F	-0.18%
	STWD	C	-0.18%
	SCI	B	-0.18%
	M	D	-0.18%
	NEU	C	-0.18%
	UI	A	-0.17%
	RGA	A	-0.17%
	EPR	D	-0.17%
	RHI	B	-0.17%
	DTM	B	-0.17%
	FR	C	-0.16%
	HUN	F	-0.16%
	NNN	D	-0.16%
	KRC	C	-0.16%
	CHE	D	-0.16%
	HIW	D	-0.15%
	CACI	D	-0.14%
	VIRT	B	-0.12%
	SLM	A	-0.11%
	VVV	F	-0.11%
	WU	D	-0.11%
	CRUS	D	-0.1%
	SMG	D	-0.1%
	LOPE	B	-0.09%
	FRT	B	-0.09%
	RGLD	C	-0.08%
	SAIC	F	-0.08%
	LPX	B	-0.08%
	TNL	A	-0.07%
	RBC	A	-0.07%
	DLB	B	-0.06%
	EGP	F	-0.06%
	IRDM	D	-0.06%
	AGO	B	-0.05%
	NSA	D	-0.05%
	CWEN	C	-0.05%
	RRC	B	-0.05%
	LSTR	D	-0.04%
	CRI	D	-0.03%
	FTRE	D	-0.03%
	HOG	D	-0.03%
	LEG	F	-0.02%
	IDA	A	-0.02%
	KSS	F	-0.01%
	SON	D	-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

JPUS: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Oil & Gas E&P Specialty Chemicals Banks - Regional - US Information Technology Services REIT - Industrial REIT - Retail Communication Equipment Credit Services Diagnostics & Research Drug Manufacturers - Major Household & Personal Products REIT - Diversified Semiconductors Specialty Retail Utilities - Diversified Beverages - Soft Drinks Building Materials Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Real Estate Investment Trust Insurance Electronics Chemical Mining Dow Jones Component Medicine Bank Real Estate Market Telecommunications Banking Computing Petroleum Industry Plastic Alcohol Broadband