QUS vs. SPY ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to SPDR S&P 500 (SPY)

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

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$570.98

Average Daily Volume

50,678,851

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	QUS	SPY
30 Days	2.08%	2.20%
60 Days	4.77%	4.01%
90 Days	6.12%	4.86%
12 Months	28.73%	31.53%

479 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in SPY	Overlap
A	C	0.12%	0.09%	0.09%
AAPL	C	3.27%	6.87%	3.27%
ABBV	C	0.59%	0.74%	0.59%
ABNB	D	0.02%	0.11%	0.02%
ABT	C	0.16%	0.43%	0.16%
ACGL	C	0.42%	0.09%	0.09%
ACN	C	1.19%	0.47%	0.47%
ADBE	F	0.78%	0.56%	0.56%
ADI	C	0.15%	0.24%	0.15%
ADM	D	0.09%	0.06%	0.06%
ADP	B	0.51%	0.24%	0.24%
ADSK	C	0.14%	0.12%	0.12%
AEE	C	0.1%	0.05%	0.05%
AEP	C	0.21%	0.12%	0.12%
AES	C	0.02%	0.03%	0.02%
AFL	C	0.21%	0.12%	0.12%
AIG	D	0.12%	0.1%	0.1%
AIZ	B	0.11%	0.02%	0.02%
AJG	D	0.47%	0.14%	0.14%
AKAM	D	0.17%	0.03%	0.03%
ALB	D	0.02%	0.02%	0.02%
ALGN	D	0.01%	0.03%	0.01%
ALL	B	0.06%	0.1%	0.06%
ALLE	B	0.04%	0.03%	0.03%
AMAT	D	0.55%	0.33%	0.33%
AMCR	B	0.02%	0.03%	0.02%
AMD	D	0.07%	0.52%	0.07%
AME	C	0.02%	0.08%	0.02%
AMGN	B	0.33%	0.38%	0.33%
AMP	A	0.03%	0.09%	0.03%
AMT	C	0.05%	0.24%	0.05%
AMZN	C	0.64%	3.61%	0.64%
ANET	B	0.38%	0.18%	0.18%
ANSS	D	0.01%	0.06%	0.01%
AON	B	0.2%	0.16%	0.16%
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%	0.16%	0.16%
APTV	D	0.03%	0.04%	0.03%
ARE	C	0.02%	0.04%	0.02%
ATO	B	0.04%	0.04%	0.04%
AVB	B	0.02%	0.07%	0.02%
AVGO	C	0.6%	1.48%	0.6%
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%	0.31%	0.1%
AZO	D	0.37%	0.12%	0.12%
BA	F	0.03%	0.2%	0.03%
BAC	D	0.59%	0.57%	0.57%
BALL	C	0.02%	0.04%	0.02%
BAX	C	0.03%	0.04%	0.03%
BBWI	F	0.01%	0.01%	0.01%
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%
BIO	C	0.01%	0.01%	0.01%
BK	B	0.08%	0.11%	0.08%
BKNG	C	0.03%	0.28%	0.03%
BKR	C	0.03%	0.07%	0.03%
BLDR	C	0.08%	0.04%	0.04%
BLK	B	0.4%	0.26%	0.26%
BMY	C	0.31%	0.21%	0.21%
BR	D	0.03%	0.05%	0.03%
BRK.A	C	1.07%	1.76%	1.07%
BRO	C	0.01%	0.05%	0.01%
BSX	B	0.04%	0.26%	0.04%
BX	B	0.04%	0.22%	0.04%
BXP	B	0.02%	0.02%	0.02%
C	C	0.38%	0.23%	0.23%
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%	0.35%	0.35%
CB	B	0.66%	0.25%	0.25%
CBOE	C	0.31%	0.05%	0.05%
CBRE	A	0.04%	0.07%	0.04%
CCI	C	0.03%	0.11%	0.03%
CCL	C	0.01%	0.04%	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%	0.13%	0.03%
CF	C	0.03%	0.03%	0.03%
CFG	C	0.06%	0.04%	0.04%
CHD	D	0.14%	0.05%	0.05%
CHRW	B	0.02%	0.02%	0.02%
CHTR	D	0.08%	0.07%	0.07%
CI	C	0.27%	0.22%	0.22%
CINF	B	0.03%	0.05%	0.03%
CL	D	0.19%	0.19%	0.19%
CLX	C	0.01%	0.04%	0.01%
CMCSA	D	0.4%	0.32%	0.32%
CME	C	0.22%	0.17%	0.17%
CMG	C	0.22%	0.16%	0.16%
CMI	C	0.14%	0.09%	0.09%
CMS	C	0.09%	0.04%	0.04%
CNC	D	0.11%	0.08%	0.08%
CNP	C	0.02%	0.04%	0.02%
COF	B	0.13%	0.11%	0.11%
COP	D	0.16%	0.26%	0.16%
COST	B	1.35%	0.85%	0.85%
CPAY	B	0.01%	0.05%	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%	0.52%	0.09%
CRWD	D	0.05%	0.13%	0.05%
CSCO	C	1.19%	0.43%	0.43%
CSGP	D	0.01%	0.07%	0.01%
CSX	D	0.05%	0.14%	0.05%
CTAS	B	0.23%	0.15%	0.15%
CTLT	B	0.01%	0.02%	0.01%
CTRA	D	0.03%	0.04%	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%	0.51%	0.49%
D	C	0.14%	0.1%	0.1%
DAL	C	0.01%	0.06%	0.01%
DAY	D	0.0%	0.02%	0.0%
DD	B	0.04%	0.07%	0.04%
DE	B	0.11%	0.22%	0.11%
DECK	C	0.08%	0.05%	0.05%
DFS	B	0.06%	0.07%	0.06%
DG	F	0.02%	0.04%	0.02%
DGX	B	0.06%	0.04%	0.04%
DHI	B	0.23%	0.12%	0.12%
DHR	B	0.1%	0.38%	0.1%
DIS	D	0.14%	0.34%	0.14%
DLR	B	0.03%	0.11%	0.03%
DLTR	F	0.02%	0.03%	0.02%
DOC	C	0.01%	0.03%	0.01%
DOV	B	0.02%	0.05%	0.02%
DOW	D	0.07%	0.08%	0.07%
DPZ	F	0.06%	0.03%	0.03%
DRI	B	0.01%	0.04%	0.01%
DTE	C	0.1%	0.05%	0.05%
DUK	C	0.64%	0.19%	0.19%
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%	0.08%	0.08%
EBAY	B	0.02%	0.07%	0.02%
ECL	B	0.03%	0.14%	0.03%
ED	C	0.46%	0.08%	0.08%
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%
ELV	C	0.41%	0.27%	0.27%
EMN	B	0.02%	0.03%	0.02%
EMR	D	0.04%	0.12%	0.04%
ENPH	D	0.05%	0.03%	0.03%
EOG	D	0.14%	0.15%	0.14%
EPAM	F	0.04%	0.02%	0.02%
EQIX	C	0.02%	0.18%	0.02%
EQR	B	0.02%	0.06%	0.02%
EQT	D	0.02%	0.04%	0.02%
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%	0.06%	0.04%
EVRG	B	0.02%	0.03%	0.02%
EW	F	0.13%	0.09%	0.09%
EXC	C	0.06%	0.08%	0.06%
EXPD	C	0.07%	0.04%	0.04%
EXPE	C	0.01%	0.04%	0.01%
EXR	B	0.03%	0.08%	0.03%
F	F	0.16%	0.09%	0.09%
FANG	D	0.22%	0.06%	0.06%
FAST	C	0.13%	0.08%	0.08%
FCX	D	0.04%	0.13%	0.04%
FDS	C	0.05%	0.04%	0.04%
FDX	C	0.12%	0.14%	0.12%
FE	C	0.03%	0.05%	0.03%
FFIV	B	0.21%	0.03%	0.03%
FICO	B	0.17%	0.1%	0.1%
FIS	B	0.03%	0.1%	0.03%
FITB	B	0.06%	0.06%	0.06%
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%	0.15%	0.08%
GDDY	C	0.29%	0.05%	0.05%
GE	B	0.11%	0.39%	0.11%
GEHC	C	0.03%	0.08%	0.03%
GEV	B	0.03%	0.12%	0.03%
GILD	B	0.41%	0.22%	0.22%
GIS	B	0.3%	0.09%	0.09%
GLW	C	0.13%	0.07%	0.07%
GM	C	0.27%	0.11%	0.11%
GOOG	D	1.04%	1.59%	1.04%
GOOGL	D	1.12%	1.9%	1.12%
GPC	D	0.02%	0.04%	0.02%
GPN	D	0.04%	0.06%	0.04%
GRMN	D	0.17%	0.06%	0.06%
GS	C	0.25%	0.33%	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%	0.16%	0.07%
HD	B	0.33%	0.79%	0.33%
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%	0.28%	0.28%
HPE	D	0.05%	0.05%	0.05%
HPQ	D	0.06%	0.06%	0.06%
HRL	C	0.09%	0.02%	0.02%
HSIC	C	0.01%	0.02%	0.01%
HST	C	0.01%	0.03%	0.01%
HSY	C	0.22%	0.06%	0.06%
HUBB	B	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%	0.41%	0.41%
ICE	C	0.15%	0.2%	0.15%
IDXX	C	0.15%	0.09%	0.09%
IEX	D	0.04%	0.03%	0.03%
IFF	B	0.02%	0.06%	0.02%
INCY	C	0.17%	0.02%	0.02%
INTC	F	0.15%	0.18%	0.15%
INTU	C	0.04%	0.39%	0.04%
INVH	C	0.01%	0.04%	0.01%
IP	B	0.03%	0.03%	0.03%
IPG	C	0.02%	0.03%	0.02%
IQV	C	0.03%	0.09%	0.03%
IR	C	0.02%	0.08%	0.02%
IRM	C	0.01%	0.07%	0.01%
ISRG	B	0.03%	0.37%	0.03%
IT	B	0.13%	0.08%	0.08%
ITW	C	0.26%	0.14%	0.14%
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%	0.85%	0.85%
JNPR	B	0.18%	0.03%	0.03%
JPM	D	0.9%	1.27%	0.9%
K	B	0.3%	0.05%	0.05%
KDP	B	0.28%	0.08%	0.08%
KEY	B	0.04%	0.03%	0.03%
KEYS	C	0.27%	0.06%	0.06%
KHC	C	0.21%	0.06%	0.06%
KIM	C	0.02%	0.03%	0.02%
KKR	B	0.04%	0.17%	0.04%
KLAC	D	0.36%	0.22%	0.22%
KMB	D	0.11%	0.1%	0.1%
KMI	B	0.05%	0.09%	0.05%
KMX	D	0.03%	0.03%	0.03%
KO	C	0.96%	0.59%	0.59%
KR	C	0.31%	0.07%	0.07%
KVUE	C	0.04%	0.09%	0.04%
L	C	0.12%	0.03%	0.03%
LDOS	B	0.02%	0.04%	0.02%
LEN	B	0.07%	0.09%	0.07%
LHX	C	0.04%	0.09%	0.04%
LIN	B	0.17%	0.48%	0.17%
LKQ	F	0.02%	0.02%	0.02%
LLY	C	2.43%	1.57%	1.57%
LMT	C	0.79%	0.26%	0.26%
LNT	B	0.05%	0.03%	0.03%
LOW	B	0.12%	0.3%	0.12%
LRCX	F	0.34%	0.21%	0.21%
LULU	D	0.1%	0.06%	0.06%
LUV	C	0.01%	0.04%	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%	0.86%	0.86%
MAA	B	0.01%	0.04%	0.01%
MAR	C	0.02%	0.12%	0.02%
MAS	B	0.01%	0.04%	0.01%
MCD	B	0.52%	0.45%	0.45%
MCHP	F	0.12%	0.09%	0.09%
MCK	F	0.53%	0.14%	0.14%
MCO	B	0.21%	0.16%	0.16%
MDLZ	B	0.26%	0.21%	0.21%
MDT	C	0.16%	0.26%	0.16%
MET	B	0.08%	0.1%	0.08%
META	B	2.24%	2.4%	2.24%
MGM	F	0.01%	0.02%	0.01%
MKC	C	0.01%	0.04%	0.01%
MKTX	C	0.03%	0.02%	0.02%
MLM	D	0.02%	0.07%	0.02%
MMC	C	0.72%	0.24%	0.24%
MMM	B	0.29%	0.15%	0.15%
MNST	D	0.12%	0.08%	0.08%
MO	C	0.06%	0.2%	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%	0.62%	0.56%
MRNA	F	0.02%	0.06%	0.02%
MRO	C	0.03%	0.03%	0.03%
MS	D	0.15%	0.26%	0.15%
MSCI	C	0.01%	0.1%	0.01%
MSFT	C	2.86%	6.73%	2.86%
MSI	B	0.58%	0.15%	0.15%
MTB	B	0.07%	0.06%	0.06%
MTCH	C	0.01%	0.02%	0.01%
MTD	D	0.01%	0.06%	0.01%
MU	F	0.07%	0.21%	0.07%
NDAQ	A	0.02%	0.06%	0.02%
NDSN	C	0.01%	0.03%	0.01%
NEE	C	0.11%	0.37%	0.11%
NEM	B	0.25%	0.13%	0.13%
NFLX	B	0.12%	0.63%	0.12%
NI	B	0.02%	0.03%	0.02%
NKE	D	0.3%	0.2%	0.2%
NOC	B	0.59%	0.15%	0.15%
NOW	B	0.24%	0.38%	0.24%
NRG	C	0.02%	0.04%	0.02%
NSC	C	0.05%	0.12%	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%	6.15%	2.36%
NVR	B	0.11%	0.06%	0.06%
NWSA	D	0.01%	0.02%	0.01%
NXPI	F	0.03%	0.13%	0.03%
O	C	0.05%	0.12%	0.05%
ODFL	D	0.12%	0.07%	0.07%
OKE	B	0.05%	0.11%	0.05%
OMC	B	0.07%	0.04%	0.04%
ON	D	0.03%	0.06%	0.03%
ORCL	C	0.48%	0.54%	0.48%
ORLY	C	0.25%	0.14%	0.14%
OTIS	C	0.04%	0.08%	0.04%
OXY	F	0.1%	0.07%	0.07%
PANW	D	0.29%	0.24%	0.24%
PARA	F	0.03%	0.01%	0.01%
PAYC	D	0.03%	0.02%	0.02%
PAYX	C	0.16%	0.09%	0.09%
PCAR	D	0.05%	0.11%	0.05%
PCG	C	0.06%	0.09%	0.06%
PEG	B	0.04%	0.09%	0.04%
PEP	C	1.15%	0.52%	0.52%
PFE	C	0.39%	0.36%	0.36%
PFG	B	0.03%	0.04%	0.03%
PG	C	0.62%	0.88%	0.62%
PGR	B	0.66%	0.31%	0.31%
PH	B	0.03%	0.16%	0.03%
PHM	B	0.12%	0.06%	0.06%
PKG	B	0.08%	0.04%	0.04%
PLD	C	0.09%	0.26%	0.09%
PM	C	0.11%	0.42%	0.11%
PNC	B	0.15%	0.15%	0.15%
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%	0.09%	0.08%
PSA	B	0.16%	0.12%	0.12%
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%	0.16%	0.06%
QCOM	D	0.58%	0.4%	0.4%
QRVO	F	0.01%	0.02%	0.01%
RCL	B	0.01%	0.08%	0.01%
REG	C	0.01%	0.03%	0.01%
REGN	C	0.4%	0.26%	0.26%
RF	B	0.05%	0.04%	0.04%
RJF	C	0.03%	0.05%	0.03%
RMD	C	0.1%	0.08%	0.08%
ROK	D	0.1%	0.06%	0.06%
ROL	C	0.17%	0.03%	0.03%
ROP	C	0.48%	0.13%	0.13%
ROST	C	0.03%	0.11%	0.03%
RSG	D	0.54%	0.09%	0.09%
RTX	C	0.19%	0.34%	0.19%
SBAC	C	0.01%	0.06%	0.01%
SBUX	C	0.06%	0.24%	0.06%
SCHW	D	0.06%	0.2%	0.06%
SHW	B	0.26%	0.19%	0.19%
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%
SNPS	D	0.26%	0.16%	0.16%
SO	B	0.56%	0.21%	0.21%
SOLV	C	0.06%	0.02%	0.02%
SPG	B	0.03%	0.11%	0.03%
SPGI	B	0.07%	0.35%	0.07%
SRE	C	0.06%	0.11%	0.06%
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%	0.09%	0.02%
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%	0.33%	0.33%
TAP	D	0.02%	0.02%	0.02%
TDG	B	0.01%	0.16%	0.01%
TDY	B	0.2%	0.04%	0.04%
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%	0.12%	0.12%
TFX	C	0.01%	0.02%	0.01%
TGT	C	0.1%	0.15%	0.1%
TJX	B	0.57%	0.29%	0.29%
TMO	B	0.13%	0.51%	0.13%
TMUS	C	0.69%	0.22%	0.22%
TRGP	B	0.02%	0.07%	0.02%
TRMB	C	0.01%	0.03%	0.01%
TROW	D	0.08%	0.05%	0.05%
TRV	C	0.44%	0.11%	0.11%
TSCO	C	0.09%	0.06%	0.06%
TSLA	C	0.2%	1.35%	0.2%
TSN	C	0.29%	0.04%	0.04%
TT	B	0.24%	0.17%	0.17%
TTWO	C	0.01%	0.05%	0.01%
TXN	C	1.07%	0.39%	0.39%
TXT	D	0.02%	0.04%	0.02%
TYL	C	0.01%	0.05%	0.01%
UBER	C	0.18%	0.31%	0.18%
UDR	C	0.01%	0.03%	0.01%
UHS	B	0.02%	0.03%	0.02%
ULTA	D	0.08%	0.04%	0.04%
UNH	C	2.27%	1.16%	1.16%
UNP	C	0.09%	0.32%	0.09%
UPS	D	0.11%	0.2%	0.11%
URI	B	0.04%	0.1%	0.04%
USB	B	0.15%	0.15%	0.15%
V	C	1.8%	0.96%	0.96%
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%	0.07%	0.01%
VRSK	D	0.15%	0.08%	0.08%
VRSN	D	0.23%	0.03%	0.03%
VRTX	D	0.61%	0.26%	0.26%
VST	C	0.01%	0.06%	0.01%
VTR	C	0.02%	0.06%	0.02%
VTRS	D	0.05%	0.03%	0.03%
VZ	B	0.88%	0.39%	0.39%
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%	0.03%	0.03%
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%	0.4%	0.36%
WM	D	0.51%	0.16%	0.16%
WMB	B	0.12%	0.12%	0.12%
WMT	C	0.92%	0.72%	0.72%
WRB	C	0.12%	0.04%	0.04%
WST	D	0.06%	0.05%	0.05%
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%	0.08%	0.08%
XOM	C	0.77%	1.05%	0.77%
XYL	C	0.02%	0.07%	0.02%
YUM	D	0.19%	0.08%	0.08%
ZBH	F	0.02%	0.05%	0.02%
ZBRA	B	0.01%	0.04%	0.01%
ZTS	C	0.27%	0.18%	0.18%

QUS Overweight 100 Positions Relative to SPY

Symbol	Grade	Weight
WCN	D	0.55%
FCNCA	D	0.29%
ERIE	B	0.22%
BAH	C	0.21%
AFG	B	0.15%
WDAY	D	0.15%
MKL	C	0.14%
NBIX	F	0.12%
BMRN	F	0.11%
UTHR	C	0.1%
VEEV	C	0.09%
MELI	B	0.08%
ALNY	C	0.08%
MANH	B	0.07%
HUBS	D	0.06%
EME	B	0.06%
TW	B	0.06%
WSM	D	0.06%
LNG	C	0.05%
LPLA	D	0.05%
WSO	C	0.05%
TPL	B	0.05%
DELL	D	0.05%
KNX	C	0.04%
GGG	C	0.04%
SEIC	C	0.03%
DINO	F	0.03%
CHK	D	0.03%
OVV	F	0.03%
TTC	D	0.03%
ACI	F	0.03%
CHRD	F	0.02%
DKS	D	0.02%
CCK	A	0.02%
SSNC	B	0.02%
EQH	C	0.02%
MRVL	C	0.02%
OC	D	0.02%
CRBG	D	0.02%
APO	C	0.02%
FNF	B	0.02%
SQ	D	0.02%
RS	D	0.02%
ALLY	F	0.02%
CNH	D	0.02%
VRT	C	0.01%
Z	B	0.01%
APP	C	0.01%
ENTG	F	0.01%
LII	B	0.01%
COIN	F	0.01%
ARES	B	0.01%
DASH	C	0.01%
ILMN	C	0.01%
RIVN	F	0.01%
TWLO	D	0.01%
AMH	C	0.01%
WLK	D	0.01%
UHAL	A	0.01%
RPRX	C	0.01%
CSL	B	0.01%
RPM	B	0.01%
WTRG	D	0.01%
GLPI	C	0.01%
TRU	B	0.01%
CG	D	0.01%
ZM	C	0.01%
ACM	B	0.01%
BURL	B	0.01%
SUI	B	0.01%
WPC	C	0.01%
AVTR	B	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%
PSTG	F	0.0%
SNAP	F	0.0%
DOCU	C	0.0%
H	C	0.0%
DT	C	0.0%
SNOW	F	0.0%
HEI	B	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%

QUS Underweight 17 Positions Relative to SPY

Symbol	Grade	Weight
UAL	C	-0.03%
AAL	D	-0.02%
IVZ	B	-0.02%
BWA	D	-0.02%
MHK	C	-0.02%
CZR	C	-0.02%
FMC	C	-0.02%
NCLH	C	-0.02%
FRT	C	-0.02%
HAS	B	-0.02%
GL	C	-0.02%
GNRC	D	-0.02%
TPR	C	-0.02%
PNW	C	-0.02%
NWS	D	-0.01%
ETSY	F	-0.01%
RL	C	-0.01%