QUS vs. SPYV ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$156.52

Average Daily Volume

20,236

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.59

Average Daily Volume

3,354,746

Number of Holdings ^*

431

* may have additional holdings in another (foreign) market

Performance

Period	QUS	SPYV
30 Days	1.35%	2.47%
60 Days	3.76%	4.43%
90 Days	5.90%	7.50%
12 Months	30.52%	27.55%

415 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in SPYV	Overlap
A	C	0.12%	0.19%	0.12%
ABBV	C	0.59%	1.05%	0.59%
ABNB	D	0.02%	0.13%	0.02%
ABT	C	0.16%	0.99%	0.16%
ACN	C	1.19%	0.49%	0.49%
ADI	C	0.15%	0.22%	0.15%
ADM	D	0.09%	0.14%	0.09%
ADP	B	0.51%	0.34%	0.34%
ADSK	C	0.14%	0.13%	0.13%
AEE	A	0.1%	0.11%	0.1%
AEP	C	0.21%	0.26%	0.21%
AES	C	0.02%	0.06%	0.02%
AFL	C	0.21%	0.27%	0.21%
AIG	D	0.12%	0.24%	0.12%
AIZ	B	0.11%	0.05%	0.05%
AJG	D	0.47%	0.15%	0.15%
AKAM	D	0.17%	0.04%	0.04%
ALB	F	0.02%	0.05%	0.02%
ALGN	D	0.01%	0.04%	0.01%
ALL	B	0.06%	0.24%	0.06%
ALLE	C	0.04%	0.04%	0.04%
AMCR	C	0.02%	0.08%	0.02%
AME	C	0.02%	0.1%	0.02%
AMGN	B	0.33%	0.86%	0.33%
AMP	B	0.03%	0.1%	0.03%
AMT	C	0.05%	0.32%	0.05%
ANSS	D	0.01%	0.06%	0.01%
AON	B	0.2%	0.18%	0.18%
AOS	D	0.03%	0.02%	0.02%
APD	B	0.04%	0.3%	0.04%
APH	C	0.66%	0.16%	0.16%
APTV	D	0.03%	0.09%	0.03%
ARE	C	0.02%	0.09%	0.02%
ATO	B	0.04%	0.1%	0.04%
AVB	C	0.02%	0.16%	0.02%
AVY	D	0.01%	0.09%	0.01%
AWK	C	0.02%	0.14%	0.02%
AXP	B	0.1%	0.21%	0.1%
AZO	D	0.37%	0.08%	0.08%
BA	F	0.03%	0.26%	0.03%
BAC	D	0.59%	1.28%	0.59%
BALL	C	0.02%	0.1%	0.02%
BAX	C	0.03%	0.1%	0.03%
BBWI	F	0.01%	0.03%	0.01%
BBY	C	0.1%	0.09%	0.09%
BDX	F	0.26%	0.33%	0.26%
BEN	F	0.01%	0.03%	0.01%
BG	D	0.05%	0.07%	0.05%
BIIB	F	0.03%	0.14%	0.03%
BIO	C	0.01%	0.03%	0.01%
BK	A	0.08%	0.25%	0.08%
BKR	C	0.03%	0.16%	0.03%
BLK	B	0.4%	0.6%	0.4%
BMY	C	0.31%	0.48%	0.31%
BR	D	0.03%	0.05%	0.03%
BRK.A	C	1.07%	3.97%	1.07%
BRO	C	0.01%	0.03%	0.01%
BSX	B	0.04%	0.27%	0.04%
BX	B	0.04%	0.14%	0.04%
BXP	B	0.02%	0.06%	0.02%
C	D	0.38%	0.53%	0.38%
CAG	C	0.02%	0.07%	0.02%
CAH	C	0.12%	0.13%	0.12%
CARR	B	0.04%	0.16%	0.04%
CAT	B	0.58%	0.34%	0.34%
CB	B	0.66%	0.57%	0.57%
CBOE	C	0.31%	0.04%	0.04%
CBRE	A	0.04%	0.17%	0.04%
CCI	C	0.03%	0.25%	0.03%
CCL	C	0.01%	0.02%	0.01%
CDW	D	0.25%	0.08%	0.08%
CEG	A	0.03%	0.16%	0.03%
CF	C	0.03%	0.03%	0.03%
CFG	C	0.06%	0.09%	0.06%
CHD	C	0.14%	0.07%	0.07%
CHRW	A	0.02%	0.06%	0.02%
CHTR	D	0.08%	0.09%	0.08%
CI	C	0.27%	0.5%	0.27%
CINF	C	0.03%	0.1%	0.03%
CL	C	0.19%	0.26%	0.19%
CLX	C	0.01%	0.1%	0.01%
CMCSA	D	0.4%	0.75%	0.4%
CME	C	0.22%	0.24%	0.22%
CMI	C	0.14%	0.2%	0.14%
CMS	B	0.09%	0.1%	0.09%
CNC	C	0.11%	0.19%	0.11%
CNP	D	0.02%	0.09%	0.02%
COF	A	0.13%	0.26%	0.13%
COP	D	0.16%	0.18%	0.16%
COST	B	1.35%	1.14%	1.14%
CPB	B	0.14%	0.05%	0.05%
CPT	B	0.01%	0.06%	0.01%
CRL	F	0.01%	0.05%	0.01%
CSCO	B	1.19%	0.98%	0.98%
CSGP	D	0.01%	0.09%	0.01%
CSX	D	0.05%	0.16%	0.05%
CTAS	C	0.23%	0.16%	0.16%
CTLT	B	0.01%	0.05%	0.01%
CTRA	D	0.03%	0.03%	0.03%
CTSH	C	0.4%	0.18%	0.18%
CTVA	B	0.17%	0.19%	0.17%
CVS	F	0.32%	0.35%	0.32%
CVX	D	0.49%	1.16%	0.49%
D	B	0.14%	0.23%	0.14%
DAL	C	0.01%	0.06%	0.01%
DAY	D	0.0%	0.02%	0.0%
DD	B	0.04%	0.16%	0.04%
DE	B	0.11%	0.21%	0.11%
DFS	B	0.06%	0.07%	0.06%
DG	F	0.02%	0.09%	0.02%
DGX	C	0.06%	0.08%	0.06%
DHR	C	0.1%	0.87%	0.1%
DIS	D	0.14%	0.79%	0.14%
DLR	B	0.03%	0.15%	0.03%
DLTR	F	0.02%	0.07%	0.02%
DOC	C	0.01%	0.08%	0.01%
DOV	B	0.02%	0.12%	0.02%
DOW	D	0.07%	0.17%	0.07%
DPZ	D	0.06%	0.04%	0.04%
DRI	B	0.01%	0.04%	0.01%
DTE	B	0.1%	0.13%	0.1%
DUK	B	0.64%	0.43%	0.43%
DVA	B	0.01%	0.02%	0.01%
DVN	D	0.04%	0.12%	0.04%
DXCM	F	0.0%	0.05%	0.0%
EA	D	0.29%	0.1%	0.1%
EBAY	B	0.02%	0.16%	0.02%
ECL	A	0.03%	0.15%	0.03%
ED	C	0.46%	0.17%	0.17%
EFX	C	0.02%	0.11%	0.02%
EG	C	0.18%	0.08%	0.08%
EIX	C	0.05%	0.16%	0.05%
EL	F	0.01%	0.1%	0.01%
ELV	C	0.41%	0.62%	0.41%
EMN	B	0.02%	0.06%	0.02%
EMR	D	0.04%	0.28%	0.04%
ENPH	D	0.05%	0.04%	0.04%
EOG	D	0.14%	0.11%	0.11%
EPAM	F	0.04%	0.03%	0.03%
EQIX	B	0.02%	0.21%	0.02%
EQR	C	0.02%	0.13%	0.02%
EQT	D	0.02%	0.09%	0.02%
ES	C	0.03%	0.12%	0.03%
ESS	C	0.01%	0.1%	0.01%
ETN	C	0.04%	0.22%	0.04%
ETR	A	0.04%	0.13%	0.04%
EVRG	B	0.02%	0.07%	0.02%
EW	F	0.13%	0.13%	0.13%
EXC	B	0.06%	0.19%	0.06%
EXPD	C	0.07%	0.05%	0.05%
EXR	B	0.03%	0.18%	0.03%
F	F	0.16%	0.2%	0.16%
FAST	C	0.13%	0.1%	0.1%
FCX	D	0.04%	0.15%	0.04%
FDS	C	0.05%	0.04%	0.04%
FDX	F	0.12%	0.31%	0.12%
FE	C	0.03%	0.11%	0.03%
FFIV	B	0.21%	0.06%	0.06%
FIS	B	0.03%	0.23%	0.03%
FITB	B	0.06%	0.14%	0.06%
FOX	B	0.01%	0.02%	0.01%
FOXA	B	0.02%	0.04%	0.02%
FSLR	C	0.03%	0.12%	0.03%
GD	B	0.08%	0.33%	0.08%
GE	A	0.11%	0.51%	0.11%
GEHC	C	0.03%	0.18%	0.03%
GEV	B	0.03%	0.16%	0.03%
GILD	B	0.41%	0.5%	0.41%
GIS	B	0.3%	0.2%	0.2%
GLW	B	0.13%	0.16%	0.13%
GM	B	0.27%	0.26%	0.26%
GPC	D	0.02%	0.09%	0.02%
GPN	D	0.04%	0.14%	0.04%
GRMN	D	0.17%	0.06%	0.06%
GS	C	0.25%	0.74%	0.25%
GWW	A	0.17%	0.05%	0.05%
HAL	F	0.03%	0.12%	0.03%
HBAN	B	0.05%	0.1%	0.05%
HCA	A	0.07%	0.19%	0.07%
HD	A	0.33%	1.14%	0.33%
HIG	B	0.09%	0.17%	0.09%
HII	D	0.01%	0.05%	0.01%
HOLX	C	0.08%	0.09%	0.08%
HON	D	0.48%	0.65%	0.48%
HPE	D	0.05%	0.11%	0.05%
HPQ	D	0.06%	0.14%	0.06%
HRL	D	0.09%	0.04%	0.04%
HSIC	D	0.01%	0.04%	0.01%
HST	C	0.01%	0.02%	0.01%
HSY	D	0.22%	0.09%	0.09%
HUBB	A	0.06%	0.06%	0.06%
HUM	F	0.23%	0.19%	0.19%
HWM	B	0.01%	0.08%	0.01%
IBM	A	0.72%	0.95%	0.72%
ICE	C	0.15%	0.45%	0.15%
IDXX	D	0.15%	0.09%	0.09%
IEX	D	0.04%	0.07%	0.04%
IFF	C	0.02%	0.13%	0.02%
INCY	C	0.17%	0.05%	0.05%
INTC	F	0.15%	0.4%	0.15%
INVH	C	0.01%	0.1%	0.01%
IP	C	0.03%	0.08%	0.03%
IPG	C	0.02%	0.06%	0.02%
IQV	D	0.03%	0.13%	0.03%
IR	C	0.02%	0.04%	0.02%
IRM	B	0.01%	0.08%	0.01%
ISRG	C	0.03%	0.29%	0.03%
ITW	C	0.26%	0.18%	0.18%
J	C	0.02%	0.09%	0.02%
JBHT	D	0.05%	0.07%	0.05%
JBL	D	0.02%	0.03%	0.02%
JCI	B	0.04%	0.23%	0.04%
JKHY	C	0.04%	0.06%	0.04%
JNJ	C	1.8%	1.93%	1.8%
JNPR	A	0.18%	0.06%	0.06%
JPM	D	0.9%	2.88%	0.9%
K	A	0.3%	0.1%	0.1%
KDP	B	0.28%	0.19%	0.19%
KEY	B	0.04%	0.07%	0.04%
KEYS	C	0.27%	0.13%	0.13%
KHC	C	0.21%	0.14%	0.14%
KIM	C	0.02%	0.08%	0.02%
KMB	D	0.11%	0.23%	0.11%
KMI	A	0.05%	0.2%	0.05%
KMX	D	0.03%	0.06%	0.03%
KO	B	0.96%	0.82%	0.82%
KR	C	0.31%	0.18%	0.18%
KVUE	C	0.04%	0.21%	0.04%
L	D	0.12%	0.07%	0.07%
LDOS	B	0.02%	0.1%	0.02%
LEN	C	0.07%	0.1%	0.07%
LHX	C	0.04%	0.21%	0.04%
LIN	B	0.17%	0.52%	0.17%
LKQ	F	0.02%	0.05%	0.02%
LMT	B	0.79%	0.59%	0.59%
LNT	B	0.05%	0.07%	0.05%
LOW	A	0.12%	0.7%	0.12%
LUV	C	0.01%	0.08%	0.01%
LVS	D	0.01%	0.03%	0.01%
LW	D	0.03%	0.02%	0.02%
LYB	F	0.05%	0.12%	0.05%
MA	B	1.63%	0.55%	0.55%
MAA	C	0.01%	0.09%	0.01%
MAS	B	0.01%	0.04%	0.01%
MCD	B	0.52%	0.57%	0.52%
MCHP	D	0.12%	0.08%	0.08%
MCK	F	0.53%	0.32%	0.32%
MCO	A	0.21%	0.19%	0.19%
MDLZ	C	0.26%	0.28%	0.26%
MDT	C	0.16%	0.58%	0.16%
MET	A	0.08%	0.22%	0.08%
MGM	D	0.01%	0.01%	0.01%
MKC	C	0.01%	0.1%	0.01%
MKTX	C	0.03%	0.05%	0.03%
MLM	D	0.02%	0.05%	0.02%
MMC	C	0.72%	0.26%	0.26%
MMM	A	0.29%	0.36%	0.29%
MNST	D	0.12%	0.07%	0.07%
MO	C	0.06%	0.44%	0.06%
MOH	D	0.16%	0.04%	0.04%
MOS	F	0.03%	0.04%	0.03%
MPC	D	0.34%	0.12%	0.12%
MRK	D	0.56%	0.85%	0.56%
MRNA	F	0.02%	0.11%	0.02%
MRO	C	0.03%	0.03%	0.03%
MS	C	0.15%	0.59%	0.15%
MSCI	C	0.01%	0.09%	0.01%
MSI	B	0.58%	0.15%	0.15%
MTB	A	0.07%	0.13%	0.07%
MTCH	C	0.01%	0.05%	0.01%
MTD	D	0.01%	0.09%	0.01%
MU	F	0.07%	0.47%	0.07%
NDAQ	A	0.02%	0.15%	0.02%
NDSN	C	0.01%	0.07%	0.01%
NEE	C	0.11%	0.83%	0.11%
NEM	B	0.25%	0.3%	0.25%
NI	B	0.02%	0.07%	0.02%
NKE	D	0.3%	0.26%	0.26%
NOC	A	0.59%	0.35%	0.35%
NRG	A	0.02%	0.08%	0.02%
NSC	C	0.05%	0.28%	0.05%
NTAP	D	0.16%	0.07%	0.07%
NTRS	B	0.03%	0.09%	0.03%
NUE	F	0.07%	0.06%	0.06%
NWSA	D	0.01%	0.05%	0.01%
NXPI	D	0.03%	0.07%	0.03%
O	C	0.05%	0.26%	0.05%
OKE	B	0.05%	0.1%	0.05%
OMC	B	0.07%	0.09%	0.07%
ON	F	0.03%	0.08%	0.03%
ORLY	D	0.25%	0.09%	0.09%
OTIS	C	0.04%	0.11%	0.04%
OXY	F	0.1%	0.17%	0.1%
PARA	F	0.03%	0.02%	0.02%
PAYC	D	0.03%	0.02%	0.02%
PAYX	C	0.16%	0.12%	0.12%
PCAR	D	0.05%	0.07%	0.05%
PCG	B	0.06%	0.2%	0.06%
PEG	A	0.04%	0.2%	0.04%
PEP	D	1.15%	0.76%	0.76%
PFE	C	0.39%	0.8%	0.39%
PFG	B	0.03%	0.08%	0.03%
PG	C	0.62%	1.21%	0.62%
PGR	A	0.66%	0.35%	0.35%
PH	A	0.03%	0.08%	0.03%
PKG	B	0.08%	0.09%	0.08%
PLD	C	0.09%	0.59%	0.09%
PM	C	0.11%	0.59%	0.11%
PNC	A	0.15%	0.34%	0.15%
PNR	B	0.01%	0.02%	0.01%
PODD	B	0.0%	0.05%	0.0%
POOL	D	0.04%	0.03%	0.03%
PPG	D	0.03%	0.14%	0.03%
PPL	B	0.03%	0.11%	0.03%
PRU	C	0.08%	0.2%	0.08%
PSA	B	0.16%	0.16%	0.16%
PSX	D	0.14%	0.26%	0.14%
PTC	D	0.17%	0.04%	0.04%
PWR	B	0.02%	0.06%	0.02%
PYPL	B	0.06%	0.36%	0.06%
QCOM	F	0.58%	0.43%	0.43%
QRVO	F	0.01%	0.05%	0.01%
REG	C	0.01%	0.06%	0.01%
REGN	C	0.4%	0.24%	0.24%
RF	B	0.05%	0.1%	0.05%
RJF	C	0.03%	0.11%	0.03%
RMD	C	0.1%	0.18%	0.1%
ROK	F	0.1%	0.07%	0.07%
ROL	C	0.17%	0.04%	0.04%
ROP	C	0.48%	0.16%	0.16%
RSG	D	0.54%	0.09%	0.09%
RTX	C	0.19%	0.78%	0.19%
SBAC	C	0.01%	0.07%	0.01%
SBUX	C	0.06%	0.22%	0.06%
SCHW	D	0.06%	0.45%	0.06%
SHW	B	0.26%	0.21%	0.21%
SJM	C	0.02%	0.06%	0.02%
SLB	F	0.05%	0.28%	0.05%
SNA	C	0.05%	0.04%	0.04%
SO	A	0.56%	0.47%	0.47%
SOLV	C	0.06%	0.05%	0.05%
SPG	A	0.03%	0.16%	0.03%
SPGI	A	0.07%	0.45%	0.07%
SRE	B	0.06%	0.25%	0.06%
STE	C	0.01%	0.05%	0.01%
STLD	D	0.03%	0.03%	0.03%
STT	B	0.05%	0.12%	0.05%
STX	C	0.07%	0.06%	0.06%
STZ	D	0.02%	0.2%	0.02%
SW	C	0.02%	0.11%	0.02%
SWK	B	0.03%	0.07%	0.03%
SWKS	F	0.06%	0.08%	0.06%
SYF	C	0.05%	0.09%	0.05%
SYK	C	0.05%	0.22%	0.05%
SYY	D	0.05%	0.19%	0.05%
T	C	0.67%	0.75%	0.67%
TAP	D	0.02%	0.05%	0.02%
TDY	C	0.2%	0.1%	0.1%
TECH	D	0.0%	0.06%	0.0%
TEL	D	0.17%	0.13%	0.13%
TER	D	0.06%	0.1%	0.06%
TFC	D	0.14%	0.27%	0.14%
TFX	C	0.01%	0.06%	0.01%
TGT	C	0.1%	0.33%	0.1%
TJX	C	0.57%	0.23%	0.23%
TMO	C	0.13%	0.71%	0.13%
TMUS	C	0.69%	0.51%	0.51%
TRMB	C	0.01%	0.07%	0.01%
TROW	D	0.08%	0.11%	0.08%
TRV	B	0.44%	0.26%	0.26%
TSCO	C	0.09%	0.08%	0.08%
TSN	D	0.29%	0.09%	0.09%
TT	A	0.24%	0.12%	0.12%
TTWO	D	0.01%	0.06%	0.01%
TXN	C	1.07%	0.55%	0.55%
TXT	D	0.02%	0.08%	0.02%
UDR	C	0.01%	0.07%	0.01%
UHS	B	0.02%	0.07%	0.02%
ULTA	D	0.08%	0.03%	0.03%
UNH	C	2.27%	1.63%	1.63%
UNP	C	0.09%	0.41%	0.09%
UPS	F	0.11%	0.46%	0.11%
USB	B	0.15%	0.33%	0.15%
V	C	1.8%	0.74%	0.74%
VICI	C	0.04%	0.17%	0.04%
VLO	F	0.14%	0.21%	0.14%
VLTO	B	0.09%	0.12%	0.09%
VMC	D	0.01%	0.05%	0.01%
VRSK	D	0.15%	0.08%	0.08%
VRSN	D	0.23%	0.04%	0.04%
VRTX	D	0.61%	0.22%	0.22%
VTR	C	0.02%	0.13%	0.02%
VTRS	D	0.05%	0.07%	0.05%
VZ	B	0.88%	0.9%	0.88%
WAB	A	0.02%	0.14%	0.02%
WAT	C	0.06%	0.06%	0.06%
WBA	F	0.07%	0.03%	0.03%
WBD	D	0.11%	0.08%	0.08%
WDC	D	0.02%	0.1%	0.02%
WEC	B	0.29%	0.15%	0.15%
WELL	C	0.03%	0.37%	0.03%
WFC	D	0.36%	0.87%	0.36%
WM	D	0.51%	0.2%	0.2%
WMB	B	0.12%	0.16%	0.12%
WMT	B	0.92%	1.65%	0.92%
WRB	C	0.12%	0.08%	0.08%
WTW	C	0.15%	0.14%	0.14%
WY	C	0.03%	0.11%	0.03%
XEL	B	0.19%	0.17%	0.17%
XOM	D	0.77%	2.43%	0.77%
XYL	D	0.02%	0.15%	0.02%
YUM	F	0.19%	0.1%	0.1%
ZBH	F	0.02%	0.1%	0.02%
ZBRA	B	0.01%	0.08%	0.01%
ZTS	C	0.27%	0.19%	0.19%

QUS Overweight 164 Positions Relative to SPYV

Symbol	Grade	Weight
AAPL	C	3.27%
MSFT	C	2.86%
LLY	C	2.43%
NVDA	D	2.36%
META	A	2.24%
GOOGL	D	1.12%
GOOG	D	1.04%
ADBE	F	0.78%
AMZN	C	0.64%
AVGO	C	0.6%
AMAT	D	0.55%
WCN	D	0.55%
ORCL	B	0.48%
ACGL	B	0.42%
ANET	A	0.38%
KLAC	D	0.36%
LRCX	F	0.34%
GDDY	C	0.29%
FCNCA	D	0.29%
PANW	C	0.29%
CDNS	D	0.27%
SNPS	D	0.26%
NOW	A	0.24%
DHI	C	0.23%
CMG	C	0.22%
ERIE	B	0.22%
FANG	D	0.22%
BAH	B	0.21%
TSLA	C	0.2%
UBER	C	0.18%
FICO	B	0.17%
AFG	B	0.15%
WDAY	D	0.15%
MKL	C	0.14%
CPRT	D	0.13%
IT	A	0.13%
NBIX	F	0.12%
NFLX	B	0.12%
PHM	B	0.12%
MPWR	C	0.12%
ODFL	D	0.12%
BMRN	F	0.11%
NVR	B	0.11%
UTHR	C	0.1%
LULU	D	0.1%
VEEV	C	0.09%
CRM	D	0.09%
DECK	D	0.08%
MELI	B	0.08%
BLDR	C	0.08%
ALNY	C	0.08%
MANH	A	0.07%
AMD	D	0.07%
HUBS	D	0.06%
EME	A	0.06%
WST	D	0.06%
TW	B	0.06%
SMCI	F	0.06%
WSM	D	0.06%
LNG	C	0.05%
LPLA	F	0.05%
CRWD	D	0.05%
APA	F	0.05%
WSO	C	0.05%
TPL	A	0.05%
DELL	C	0.05%
KKR	A	0.04%
URI	B	0.04%
INTU	C	0.04%
KNX	D	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%
BKNG	B	0.03%
ROST	C	0.03%
CHRD	F	0.02%
DKS	D	0.02%
CCK	A	0.02%
SSNC	B	0.02%
EQH	C	0.02%
MAR	C	0.02%
MRVL	C	0.02%
OC	D	0.02%
FTV	C	0.02%
CRBG	D	0.02%
HES	D	0.02%
APO	B	0.02%
CE	F	0.02%
FNF	B	0.02%
TRGP	B	0.02%
SQ	D	0.02%
RS	D	0.02%
ALLY	D	0.02%
CNH	D	0.02%
VRT	C	0.01%
LYV	B	0.01%
Z	B	0.01%
TYL	C	0.01%
APP	B	0.01%
ENTG	D	0.01%
LII	B	0.01%
COIN	F	0.01%
ARES	A	0.01%
DASH	B	0.01%
ILMN	C	0.01%
RIVN	F	0.01%
TWLO	C	0.01%
RCL	A	0.01%
AMH	C	0.01%
WLK	D	0.01%
UHAL	B	0.01%
RPRX	D	0.01%
FTNT	B	0.01%
CSL	B	0.01%
HLT	B	0.01%
TDG	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%
VST	A	0.01%
CPAY	C	0.01%
EXPE	C	0.01%
BURL	C	0.01%
SUI	C	0.01%
WPC	C	0.01%
AVTR	C	0.01%
CELH	F	0.0%
TEAM	D	0.0%
ZS	F	0.0%
IOT	A	0.0%
NET	D	0.0%
TOST	A	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%
WYNN	D	0.0%
DT	C	0.0%
SNOW	F	0.0%
AXON	A	0.0%
HEI	A	0.0%
PINS	F	0.0%
ROKU	C	0.0%
HOOD	C	0.0%
HEI	A	0.0%
EXAS	C	0.0%
PLTR	A	0.0%
ELS	C	0.0%
TTD	B	0.0%
OKTA	F	0.0%

QUS Underweight 16 Positions Relative to SPYV

Symbol	Grade	Weight
UAL	C	-0.08%
TPR	C	-0.05%
PNW	B	-0.05%
BWA	D	-0.04%
FMC	C	-0.04%
MHK	C	-0.04%
FRT	C	-0.04%
GL	C	-0.04%
HAS	B	-0.04%
AAL	D	-0.03%
IVZ	B	-0.03%
CZR	C	-0.02%
GNRC	D	-0.02%
ETSY	F	-0.02%
NWS	D	-0.01%
RL	B	-0.01%