QUS vs. ROUS ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Lattice U.S. Equity Strategy ETF (ROUS)

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

$156.84

Average Daily Volume

23,407

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$51.54

Average Daily Volume

23,056

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	QUS	ROUS
30 Days	2.08%	2.63%
60 Days	4.77%	4.95%
90 Days	6.12%	6.74%
12 Months	28.73%	27.03%

248 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in ROUS	Overlap
	AAPL	C	3.27%	1.25%	1.25%
	ABBV	C	0.59%	1.02%	0.59%
	ABT	C	0.16%	0.14%	0.14%
	ACGL	C	0.42%	0.28%	0.28%
	ACI	F	0.03%	0.43%	0.03%
	ACN	C	1.19%	0.45%	0.45%
	ADBE	F	0.78%	0.19%	0.19%
	ADI	C	0.15%	0.1%	0.1%
	ADM	D	0.09%	0.04%	0.04%
	ADSK	C	0.14%	0.04%	0.04%
	AEE	C	0.1%	0.13%	0.1%
	AEP	C	0.21%	0.26%	0.21%
	AFL	C	0.21%	0.33%	0.21%
	AIG	D	0.12%	0.02%	0.02%
	AIZ	B	0.11%	0.08%	0.08%
	AKAM	D	0.17%	0.05%	0.05%
	ALL	B	0.06%	0.14%	0.06%
	AMAT	D	0.55%	0.3%	0.3%
	AMCR	B	0.02%	0.11%	0.02%
	AMGN	B	0.33%	0.42%	0.33%
	AMZN	C	0.64%	0.49%	0.49%
	ANET	B	0.38%	0.3%	0.3%
	AOS	D	0.03%	0.02%	0.02%
	APH	D	0.66%	0.53%	0.53%
	AVB	B	0.02%	0.13%	0.02%
	AVGO	C	0.6%	0.64%	0.6%
	AVY	C	0.01%	0.01%	0.01%
	AZO	D	0.37%	0.32%	0.32%
	BAC	D	0.59%	0.1%	0.1%
	BAH	C	0.21%	0.18%	0.18%
	BBY	C	0.1%	0.39%	0.1%
	BK	B	0.08%	0.45%	0.08%
	BKNG	C	0.03%	0.2%	0.03%
	BLDR	C	0.08%	0.12%	0.08%
	BMY	C	0.31%	0.25%	0.25%
	BR	D	0.03%	0.05%	0.03%
	BRK.A	C	1.07%	0.73%	0.73%
	BSX	B	0.04%	0.14%	0.04%
	C	C	0.38%	0.3%	0.3%
	CAH	C	0.12%	0.17%	0.12%
	CAT	B	0.58%	0.18%	0.18%
	CB	B	0.66%	0.35%	0.35%
	CBOE	C	0.31%	0.1%	0.1%
	CCI	C	0.03%	0.05%	0.03%
	CDNS	D	0.27%	0.28%	0.27%
	CDW	D	0.25%	0.42%	0.25%
	CF	C	0.03%	0.03%	0.03%
	CHRD	F	0.02%	0.1%	0.02%
	CHRW	B	0.02%	0.36%	0.02%
	CHTR	D	0.08%	0.02%	0.02%
	CI	C	0.27%	0.28%	0.27%
	CINF	B	0.03%	0.48%	0.03%
	CL	D	0.19%	0.52%	0.19%
	CMCSA	D	0.4%	0.35%	0.35%
	CMI	C	0.14%	0.41%	0.14%
	CNC	D	0.11%	0.13%	0.11%
	COF	B	0.13%	0.03%	0.03%
	COP	D	0.16%	0.08%	0.08%
	COST	B	1.35%	0.58%	0.58%
	CRBG	D	0.02%	0.22%	0.02%
	CSCO	C	1.19%	0.75%	0.75%
	CTAS	B	0.23%	0.43%	0.23%
	CTSH	C	0.4%	0.74%	0.4%
	CVS	D	0.32%	0.49%	0.32%
	CVX	D	0.49%	0.19%	0.19%
	D	C	0.14%	0.05%	0.05%
	DELL	D	0.05%	0.77%	0.05%
	DGX	B	0.06%	0.28%	0.06%
	DHI	B	0.23%	0.23%	0.23%
	DKS	D	0.02%	0.24%	0.02%
	DOV	B	0.02%	0.13%	0.02%
	DTE	C	0.1%	0.25%	0.1%
	DUK	C	0.64%	0.32%	0.32%
	DVN	F	0.04%	0.11%	0.04%
	EA	D	0.29%	0.71%	0.29%
	EBAY	B	0.02%	0.35%	0.02%
	ECL	B	0.03%	0.2%	0.03%
	ED	C	0.46%	0.27%	0.27%
	EG	C	0.18%	0.28%	0.18%
	EIX	C	0.05%	0.13%	0.05%
	ELV	C	0.41%	0.59%	0.41%
	EME	B	0.06%	0.32%	0.06%
	EOG	D	0.14%	0.58%	0.14%
	EQR	B	0.02%	0.14%	0.02%
	ETR	B	0.04%	0.32%	0.04%
	EXC	C	0.06%	0.09%	0.06%
	FANG	D	0.22%	0.12%	0.12%
	FAST	C	0.13%	0.44%	0.13%
	FDX	C	0.12%	0.37%	0.12%
	FE	C	0.03%	0.19%	0.03%
	FFIV	B	0.21%	0.37%	0.21%
	FICO	B	0.17%	0.57%	0.17%
	FITB	B	0.06%	0.16%	0.06%
	FOXA	B	0.02%	0.5%	0.02%
	FTNT	C	0.01%	0.06%	0.01%
	GD	B	0.08%	0.07%	0.07%
	GDDY	C	0.29%	0.45%	0.29%
	GILD	B	0.41%	0.67%	0.41%
	GIS	B	0.3%	0.17%	0.17%
	GLPI	C	0.01%	0.09%	0.01%
	GLW	C	0.13%	0.5%	0.13%
	GOOGL	D	1.12%	1.16%	1.12%
	GPC	D	0.02%	0.38%	0.02%
	GRMN	D	0.17%	0.28%	0.17%
	GWW	B	0.17%	0.52%	0.17%
	HBAN	B	0.05%	0.2%	0.05%
	HCA	B	0.07%	0.23%	0.07%
	HD	B	0.33%	0.79%	0.33%
	HON	D	0.48%	0.05%	0.05%
	HPE	D	0.05%	0.72%	0.05%
	HPQ	D	0.06%	1.02%	0.06%
	HSY	C	0.22%	0.31%	0.22%
	HUBB	B	0.06%	0.09%	0.06%
	HUM	F	0.23%	0.64%	0.23%
	IBM	B	0.72%	0.88%	0.72%
	INCY	C	0.17%	0.37%	0.17%
	INTU	C	0.04%	0.11%	0.04%
	IP	B	0.03%	0.04%	0.03%
	IRM	C	0.01%	0.2%	0.01%
	IT	B	0.13%	0.55%	0.13%
	ITW	C	0.26%	0.25%	0.25%
	JBL	D	0.02%	0.14%	0.02%
	JCI	B	0.04%	0.03%	0.03%
	JNJ	C	1.8%	1.24%	1.24%
	JNPR	B	0.18%	0.42%	0.18%
	JPM	D	0.9%	0.73%	0.73%
	KEYS	C	0.27%	0.26%	0.26%
	KLAC	D	0.36%	0.33%	0.33%
	KMB	D	0.11%	0.43%	0.11%
	KO	C	0.96%	0.11%	0.11%
	KR	C	0.31%	0.83%	0.31%
	L	C	0.12%	0.1%	0.1%
	LDOS	B	0.02%	0.1%	0.02%
	LII	B	0.01%	0.12%	0.01%
	LIN	B	0.17%	0.03%	0.03%
	LLY	C	2.43%	0.94%	0.94%
	LMT	C	0.79%	0.42%	0.42%
	LNG	C	0.05%	0.29%	0.05%
	LOW	B	0.12%	0.31%	0.12%
	LRCX	F	0.34%	0.18%	0.18%
	LYB	D	0.05%	0.21%	0.05%
	MA	B	1.63%	0.39%	0.39%
	MANH	B	0.07%	0.24%	0.07%
	MAS	B	0.01%	0.27%	0.01%
	MCD	B	0.52%	0.15%	0.15%
	MCHP	F	0.12%	0.26%	0.12%
	MCK	F	0.53%	0.48%	0.48%
	MDT	C	0.16%	0.19%	0.16%
	META	B	2.24%	0.75%	0.75%
	MKL	C	0.14%	0.3%	0.14%
	MMM	B	0.29%	0.16%	0.16%
	MO	C	0.06%	0.6%	0.06%
	MPC	F	0.34%	0.28%	0.28%
	MPWR	C	0.12%	0.01%	0.01%
	MRK	D	0.56%	1.04%	0.56%
	MSFT	C	2.86%	1.19%	1.19%
	MSI	B	0.58%	0.77%	0.58%
	MTB	B	0.07%	0.5%	0.07%
	MTD	D	0.01%	0.13%	0.01%
	NEE	C	0.11%	0.1%	0.1%
	NOC	B	0.59%	0.09%	0.09%
	NOW	B	0.24%	0.05%	0.05%
	NRG	C	0.02%	0.46%	0.02%
	NTAP	D	0.16%	1.04%	0.16%
	NVDA	D	2.36%	0.85%	0.85%
	NVR	B	0.11%	0.23%	0.11%
	NWSA	D	0.01%	0.03%	0.01%
	NXPI	F	0.03%	0.4%	0.03%
	O	C	0.05%	0.16%	0.05%
	OC	D	0.02%	0.17%	0.02%
	OMC	B	0.07%	0.14%	0.07%
	ORCL	C	0.48%	0.58%	0.48%
	ORLY	C	0.25%	0.36%	0.25%
	OTIS	C	0.04%	0.27%	0.04%
	PANW	D	0.29%	0.12%	0.12%
	PAYX	C	0.16%	0.02%	0.02%
	PCAR	D	0.05%	0.27%	0.05%
	PEG	B	0.04%	0.24%	0.04%
	PEP	C	1.15%	0.31%	0.31%
	PG	C	0.62%	0.7%	0.62%
	PGR	B	0.66%	0.23%	0.23%
	PHM	B	0.12%	0.32%	0.12%
	PKG	B	0.08%	0.21%	0.08%
	PM	C	0.11%	0.35%	0.11%
	PNC	B	0.15%	0.19%	0.15%
	PPG	D	0.03%	0.18%	0.03%
	PPL	C	0.03%	0.19%	0.03%
	PRU	C	0.08%	0.24%	0.08%
	PSA	B	0.16%	0.08%	0.08%
	PSTG	F	0.0%	0.12%	0.0%
	PSX	F	0.14%	0.02%	0.02%
	PTC	D	0.17%	0.05%	0.05%
	QCOM	D	0.58%	0.55%	0.55%
	REGN	C	0.4%	0.26%	0.26%
	RF	B	0.05%	0.24%	0.05%
	RMD	C	0.1%	0.35%	0.1%
	ROL	C	0.17%	0.15%	0.15%
	ROP	C	0.48%	0.2%	0.2%
	RPM	B	0.01%	0.4%	0.01%
	RS	D	0.02%	0.37%	0.02%
	RSG	D	0.54%	0.2%	0.2%
	SHW	B	0.26%	0.52%	0.26%
	SNA	C	0.05%	0.21%	0.05%
	SNPS	D	0.26%	0.17%	0.17%
	SO	B	0.56%	0.27%	0.27%
	SPG	B	0.03%	0.06%	0.03%
	SRE	C	0.06%	0.07%	0.06%
	STLD	F	0.03%	0.25%	0.03%
	STT	A	0.05%	0.23%	0.05%
	STX	C	0.07%	0.17%	0.07%
	SW	B	0.02%	0.36%	0.02%
	SWKS	D	0.06%	0.18%	0.06%
	SYF	C	0.05%	0.23%	0.05%
	SYK	C	0.05%	0.02%	0.02%
	SYY	D	0.05%	0.28%	0.05%
	T	C	0.67%	0.9%	0.67%
	TEL	D	0.17%	0.59%	0.17%
	TER	D	0.06%	0.42%	0.06%
	TGT	C	0.1%	0.12%	0.1%
	TJX	B	0.57%	0.29%	0.29%
	TMUS	C	0.69%	0.68%	0.68%
	TRV	C	0.44%	0.37%	0.37%
	TSCO	C	0.09%	0.35%	0.09%
	TT	B	0.24%	0.21%	0.21%
	TXN	C	1.07%	0.65%	0.65%
	UNH	C	2.27%	1.06%	1.06%
	USB	B	0.15%	0.12%	0.12%
	UTHR	C	0.1%	0.39%	0.1%
	V	C	1.8%	0.39%	0.39%
	VICI	C	0.04%	0.35%	0.04%
	VLO	F	0.14%	0.47%	0.14%
	VRSK	D	0.15%	0.19%	0.15%
	VRSN	D	0.23%	0.37%	0.23%
	VRTX	D	0.61%	0.37%	0.37%
	VST	C	0.01%	0.1%	0.01%
	VTR	C	0.02%	0.02%	0.02%
	VZ	B	0.88%	0.9%	0.88%
	WEC	C	0.29%	0.14%	0.14%
	WELL	C	0.03%	0.09%	0.03%
	WFC	D	0.36%	0.16%	0.16%
	WM	D	0.51%	0.31%	0.31%
	WMT	C	0.92%	1.08%	0.92%
	WPC	C	0.01%	0.02%	0.01%
	WSM	D	0.06%	0.24%	0.06%
	WSO	C	0.05%	0.18%	0.05%
	XEL	B	0.19%	0.26%	0.19%
	XOM	C	0.77%	0.79%	0.77%
	YUM	D	0.19%	0.31%	0.19%

QUS Overweight 331 Positions Relative to ROUS

	Symbol	Grade	Weight
	GOOG	D	1.04%
	MMC	C	0.72%
	WCN	D	0.55%
	ADP	B	0.51%
	AJG	D	0.47%
	BLK	B	0.4%
	PFE	C	0.39%
	K	B	0.3%
	NKE	D	0.3%
	FCNCA	D	0.29%
	TSN	C	0.29%
	KDP	B	0.28%
	GM	C	0.27%
	ZTS	C	0.27%
	BDX	D	0.26%
	MDLZ	B	0.26%
	NEM	B	0.25%
	GS	C	0.25%
	CMG	C	0.22%
	ERIE	B	0.22%
	CME	C	0.22%
	KHC	C	0.21%
	MCO	B	0.21%
	TDY	B	0.2%
	AON	B	0.2%
	TSLA	C	0.2%
	RTX	C	0.19%
	UBER	C	0.18%
	CTVA	B	0.17%
	MOH	D	0.16%
	F	F	0.16%
	INTC	F	0.15%
	WTW	C	0.15%
	IDXX	C	0.15%
	AFG	B	0.15%
	ICE	C	0.15%
	WDAY	D	0.15%
	MS	D	0.15%
	CHD	D	0.14%
	DIS	D	0.14%
	TFC	C	0.14%
	CPB	C	0.14%
	TMO	B	0.13%
	CPRT	D	0.13%
	EW	F	0.13%
	MNST	D	0.12%
	NBIX	F	0.12%
	NFLX	B	0.12%
	WMB	B	0.12%
	A	C	0.12%
	WRB	C	0.12%
	ODFL	D	0.12%
	DE	B	0.11%
	WBD	D	0.11%
	BMRN	F	0.11%
	UPS	D	0.11%
	GE	B	0.11%
	ROK	D	0.1%
	AXP	B	0.1%
	OXY	F	0.1%
	DHR	B	0.1%
	LULU	D	0.1%
	HRL	C	0.09%
	UNP	C	0.09%
	VEEV	C	0.09%
	VLTO	C	0.09%
	HIG	B	0.09%
	PLD	C	0.09%
	CMS	C	0.09%
	CRM	D	0.09%
	HOLX	B	0.08%
	DECK	C	0.08%
	MET	B	0.08%
	MELI	B	0.08%
	TROW	D	0.08%
	ALNY	C	0.08%
	ULTA	D	0.08%
	EXPD	C	0.07%
	MU	F	0.07%
	DOW	D	0.07%
	WBA	F	0.07%
	SPGI	B	0.07%
	LEN	B	0.07%
	AMD	D	0.07%
	NUE	F	0.07%
	SCHW	D	0.06%
	PCG	C	0.06%
	DFS	B	0.06%
	CFG	C	0.06%
	SOLV	C	0.06%
	HUBS	D	0.06%
	WAT	C	0.06%
	SBUX	C	0.06%
	WST	D	0.06%
	DPZ	F	0.06%
	PYPL	B	0.06%
	TW	B	0.06%
	SMCI	F	0.06%
	AMT	C	0.05%
	ENPH	D	0.05%
	OKE	B	0.05%
	FDS	C	0.05%
	JBHT	D	0.05%
	VTRS	D	0.05%
	NSC	C	0.05%
	SLB	F	0.05%
	LNT	B	0.05%
	LPLA	D	0.05%
	CRWD	D	0.05%
	CSX	D	0.05%
	APA	F	0.05%
	BG	D	0.05%
	TPL	B	0.05%
	KMI	B	0.05%
	KKR	B	0.04%
	URI	B	0.04%
	KEY	B	0.04%
	EPAM	F	0.04%
	CARR	B	0.04%
	KNX	C	0.04%
	GPN	D	0.04%
	JKHY	B	0.04%
	ATO	B	0.04%
	BX	B	0.04%
	ALLE	B	0.04%
	LHX	C	0.04%
	DD	B	0.04%
	EMR	D	0.04%
	KVUE	C	0.04%
	APD	B	0.04%
	FCX	D	0.04%
	IEX	D	0.04%
	ETN	C	0.04%
	CBRE	A	0.04%
	GGG	C	0.04%
	POOL	C	0.04%
	HAL	F	0.03%
	ON	D	0.03%
	SEIC	C	0.03%
	RJF	C	0.03%
	DINO	F	0.03%
	IQV	C	0.03%
	EXR	B	0.03%
	APTV	D	0.03%
	BA	F	0.03%
	CHK	D	0.03%
	SWK	B	0.03%
	LW	D	0.03%
	CEG	C	0.03%
	PAYC	D	0.03%
	PARA	F	0.03%
	OVV	F	0.03%
	TTC	D	0.03%
	NTRS	A	0.03%
	BIIB	F	0.03%
	BAX	C	0.03%
	ES	C	0.03%
	KMX	D	0.03%
	MKTX	C	0.03%
	WY	C	0.03%
	GEHC	C	0.03%
	CTRA	D	0.03%
	GEV	B	0.03%
	AMP	A	0.03%
	MOS	F	0.03%
	ROST	C	0.03%
	PFG	B	0.03%
	BKR	C	0.03%
	FIS	B	0.03%
	ISRG	B	0.03%
	DLR	B	0.03%
	MRO	C	0.03%
	PH	B	0.03%
	FSLR	C	0.03%
	ABNB	D	0.02%
	XYL	C	0.02%
	BXP	B	0.02%
	CCK	A	0.02%
	SSNC	B	0.02%
	ALB	D	0.02%
	EQH	C	0.02%
	IR	C	0.02%
	MLM	D	0.02%
	MAR	C	0.02%
	IPG	C	0.02%
	NDAQ	A	0.02%
	EFX	B	0.02%
	MRVL	C	0.02%
	AES	C	0.02%
	BALL	C	0.02%
	STZ	D	0.02%
	NI	B	0.02%
	EMN	B	0.02%
	FTV	C	0.02%
	SJM	C	0.02%
	LKQ	F	0.02%
	WDC	D	0.02%
	PWR	B	0.02%
	KIM	C	0.02%
	DLTR	F	0.02%
	WAB	B	0.02%
	AWK	B	0.02%
	CNP	C	0.02%
	HES	F	0.02%
	APO	C	0.02%
	J	C	0.02%
	CE	F	0.02%
	TXT	D	0.02%
	AME	C	0.02%
	TAP	D	0.02%
	EVRG	B	0.02%
	FNF	B	0.02%
	TRGP	B	0.02%
	ZBH	F	0.02%
	EQT	D	0.02%
	ARE	C	0.02%
	SQ	D	0.02%
	UHS	B	0.02%
	EQIX	C	0.02%
	IFF	B	0.02%
	MRNA	F	0.02%
	ALLY	F	0.02%
	CNH	D	0.02%
	CAG	C	0.02%
	DG	F	0.02%
	VRT	C	0.01%
	LUV	C	0.01%
	LYV	B	0.01%
	BBWI	F	0.01%
	Z	B	0.01%
	TYL	C	0.01%
	APP	C	0.01%
	LVS	D	0.01%
	ENTG	F	0.01%
	BIO	C	0.01%
	MTCH	C	0.01%
	NDSN	C	0.01%
	COIN	F	0.01%
	ARES	B	0.01%
	DASH	C	0.01%
	ILMN	C	0.01%
	RIVN	F	0.01%
	ALGN	D	0.01%
	TWLO	D	0.01%
	RCL	B	0.01%
	SBAC	C	0.01%
	UDR	C	0.01%
	MSCI	C	0.01%
	ANSS	D	0.01%
	CTLT	B	0.01%
	MGM	F	0.01%
	AMH	C	0.01%
	WLK	D	0.01%
	CSGP	D	0.01%
	CRL	F	0.01%
	UHAL	A	0.01%
	FOX	B	0.01%
	DAL	C	0.01%
	CCL	C	0.01%
	RPRX	C	0.01%
	PNR	B	0.01%
	TFX	C	0.01%
	CPT	B	0.01%
	CSL	B	0.01%
	DVA	B	0.01%
	HLT	B	0.01%
	TDG	B	0.01%
	WTRG	D	0.01%
	HST	C	0.01%
	TRMB	C	0.01%
	TRU	B	0.01%
	ZBRA	B	0.01%
	BEN	F	0.01%
	TTWO	C	0.01%
	CG	D	0.01%
	REG	C	0.01%
	ESS	B	0.01%
	HWM	B	0.01%
	CLX	C	0.01%
	ZM	C	0.01%
	QRVO	F	0.01%
	ACM	B	0.01%
	CPAY	B	0.01%
	HSIC	C	0.01%
	EXPE	C	0.01%
	BRO	C	0.01%
	EL	F	0.01%
	HII	D	0.01%
	BURL	B	0.01%
	SUI	B	0.01%
	MKC	C	0.01%
	STE	C	0.01%
	MAA	B	0.01%
	AVTR	B	0.01%
	INVH	C	0.01%
	VMC	D	0.01%
	DRI	B	0.01%
	DOC	C	0.01%
	CELH	F	0.0%
	TEAM	D	0.0%
	ZS	F	0.0%
	IOT	B	0.0%
	NET	D	0.0%
	TOST	C	0.0%
	RBLX	B	0.0%
	MDB	D	0.0%
	DKNG	C	0.0%
	MSTR	D	0.0%
	DDOG	D	0.0%
	BSY	D	0.0%
	SNAP	F	0.0%
	DOCU	C	0.0%
	H	C	0.0%
	WYNN	D	0.0%
	DT	C	0.0%
	DAY	D	0.0%
	PODD	B	0.0%
	SNOW	F	0.0%
	AXON	B	0.0%
	HEI	B	0.0%
	DXCM	F	0.0%
	PINS	F	0.0%
	ROKU	C	0.0%
	HOOD	C	0.0%
	HEI	B	0.0%
	EXAS	C	0.0%
	PLTR	B	0.0%
	ELS	C	0.0%
	TTD	B	0.0%
	OKTA	F	0.0%
	TECH	C	0.0%

QUS Underweight 97 Positions Relative to ROUS

	Symbol	Grade	Weight
	CVLT	B	-0.7%
	MUSA	D	-0.68%
	AVT	C	-0.68%
	HRB	C	-0.55%
	CRUS	D	-0.45%
	NSIT	D	-0.44%
	DBX	D	-0.4%
	ALSN	B	-0.37%
	NYT	C	-0.36%
	AXS	B	-0.35%
	UNM	B	-0.33%
	SANM	D	-0.33%
	VNT	F	-0.32%
	MLI	A	-0.32%
	BMI	A	-0.31%
	ORI	B	-0.3%
	OGN	D	-0.28%
	WTM	D	-0.27%
	GPI	B	-0.26%
	SNX	D	-0.26%
	GPK	B	-0.26%
	CASY	D	-0.26%
	ALKS	C	-0.26%
	CACI	B	-0.25%
	RHI	D	-0.25%
	NFG	B	-0.25%
	LSTR	D	-0.24%
	SON	C	-0.23%
	LOPE	D	-0.23%
	DCI	C	-0.23%
	EXEL	C	-0.23%
	DLB	D	-0.23%
	AN	D	-0.22%
	ARW	C	-0.21%
	FLO	C	-0.21%
	RDN	C	-0.2%
	R	A	-0.2%
	SKX	D	-0.19%
	KD	D	-0.19%
	DY	B	-0.19%
	ADC	C	-0.18%
	AIT	A	-0.18%
	AYI	B	-0.18%
	FCN	D	-0.17%
	ASGN	D	-0.17%
	UFPI	C	-0.16%
	CBT	B	-0.16%
	RNR	C	-0.16%
	BPOP	C	-0.15%
	LAMR	B	-0.14%
	RGA	C	-0.14%
	MTG	B	-0.14%
	CMC	D	-0.13%
	POR	C	-0.13%
	COKE	C	-0.13%
	CHE	C	-0.13%
	FLEX	C	-0.12%
	RL	C	-0.12%
	FSS	D	-0.1%
	SFM	B	-0.1%
	NNN	C	-0.09%
	BJ	D	-0.09%
	MMS	C	-0.09%
	OGE	C	-0.08%
	INGR	B	-0.08%
	VMI	D	-0.08%
	UMBF	B	-0.08%
	SPSC	D	-0.07%
	KNF	B	-0.07%
	APPF	D	-0.07%
	ATR	B	-0.07%
	ACIW	B	-0.07%
	GWRE	A	-0.06%
	JHG	B	-0.06%
	ANF	D	-0.05%
	NXST	D	-0.05%
	BCO	B	-0.05%
	CSWI	B	-0.05%
	LNC	D	-0.05%
	LFUS	C	-0.04%
	AWI	B	-0.04%
	EPRT	B	-0.04%
	ITCI	D	-0.04%
	MOG.A	B	-0.04%
	FELE	C	-0.03%
	SIRI	C	-0.02%
	AAON	B	-0.02%
	SEE	D	-0.02%
	FHN	D	-0.02%
	ITRI	C	-0.02%
	EHC	C	-0.02%
	MSA	D	-0.02%
	SLGN	B	-0.02%
	OHI	B	-0.02%
	ONB	C	-0.01%
	CIEN	C	-0.01%
	MTH	A	-0.01%

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

ROUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Specialty Retail Banks - Regional - US Business Services Semiconductors Information Technology Services Insurance - Property & Casualty Packaging & Containers Biotechnology Drug Manufacturers - Major Specialty Chemicals Building Materials Electronic Components Health Care Plans Oil & Gas E&P REIT - Diversified Software - Infrastructure Utilities - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Telecommunications Banking Chemical Bank Insurance Products Aerospace Semiconductor Mining Mobile Devices Cloud Computing Retailing Integrated Circuits