QUS vs. VCIT ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

$158.65

Average Daily Volume

14,758

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$80.89

Average Daily Volume

6,630,186

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	QUS	VCIT
30 Days	-0.90%	-2.06%
60 Days	1.77%	-3.01%
90 Days	3.95%	-0.85%
12 Months	28.21%	9.22%

347 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in VCIT	Overlap
A	D	0.11%	0.02%	0.02%
AAPL	C	3.19%	0.01%	0.01%
ABBV	F	0.58%	0.13%	0.13%
ABT	B	0.15%	0.02%	0.02%
ACGL	C	0.37%	0.03%	0.03%
ADBE	F	0.69%	0.05%	0.05%
ADI	D	0.15%	0.04%	0.04%
ADM	D	0.08%	0.05%	0.05%
ADP	B	0.54%	0.04%	0.04%
ADSK	B	0.16%	0.03%	0.03%
AEE	A	0.11%	0.01%	0.01%
AEP	C	0.18%	0.01%	0.01%
AES	F	0.01%	0.02%	0.01%
AFG	A	0.15%	0.02%	0.02%
AFL	C	0.21%	0.01%	0.01%
AIG	B	0.12%	0.02%	0.02%
AIZ	A	0.12%	0.02%	0.02%
ALL	A	0.06%	0.02%	0.02%
ALLE	D	0.04%	0.02%	0.02%
AMAT	F	0.53%	0.04%	0.04%
AMCR	C	0.02%	0.01%	0.01%
AMGN	D	0.31%	0.01%	0.01%
AMH	C	0.01%	0.02%	0.01%
AMT	D	0.04%	0.03%	0.03%
AMZN	B	0.69%	0.09%	0.09%
AON	A	0.21%	0.01%	0.01%
APD	A	0.04%	0.02%	0.02%
APH	B	0.73%	0.02%	0.02%
APTV	F	0.02%	0.01%	0.01%
ARE	D	0.02%	0.01%	0.01%
ATO	A	0.04%	0.02%	0.02%
AVB	A	0.02%	0.02%	0.02%
AVGO	C	0.63%	0.01%	0.01%
AVY	D	0.01%	0.02%	0.01%
AWK	C	0.02%	0.02%	0.02%
AXP	A	0.1%	0.11%	0.1%
AZO	C	0.35%	0.03%	0.03%
BA	F	0.02%	0.03%	0.02%
BAC	A	0.66%	0.01%	0.01%
BAX	F	0.02%	0.02%	0.02%
BBY	C	0.09%	0.02%	0.02%
BDX	F	0.24%	0.03%	0.03%
BEN	C	0.01%	0.04%	0.01%
BG	D	0.04%	0.03%	0.03%
BIIB	F	0.02%	0.07%	0.02%
BK	A	0.09%	0.01%	0.01%
BKNG	A	0.04%	0.03%	0.03%
BMY	B	0.32%	0.03%	0.03%
BR	A	0.03%	0.04%	0.03%
BRO	B	0.01%	0.02%	0.01%
BSX	B	0.04%	0.01%	0.01%
BXP	D	0.02%	0.02%	0.02%
C	A	0.44%	0.02%	0.02%
CAG	F	0.02%	0.01%	0.01%
CAH	B	0.12%	0.05%	0.05%
CARR	D	0.04%	0.04%	0.04%
CAT	B	0.63%	0.02%	0.02%
CB	C	0.62%	0.01%	0.01%
CBOE	D	0.28%	0.02%	0.02%
CCI	D	0.03%	0.03%	0.03%
CE	F	0.01%	0.02%	0.01%
CFG	A	0.06%	0.03%	0.03%
CHD	A	0.14%	0.02%	0.02%
CHRW	A	0.02%	0.03%	0.02%
CHTR	B	0.09%	0.06%	0.06%
CI	D	0.23%	0.02%	0.02%
CINF	A	0.03%	0.02%	0.02%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.42%	0.02%	0.02%
CME	A	0.22%	0.03%	0.03%
CMI	A	0.16%	0.04%	0.04%
CMS	C	0.08%	0.02%	0.02%
CNH	D	0.02%	0.04%	0.02%
CNP	A	0.02%	0.02%	0.02%
COF	A	0.16%	0.03%	0.03%
COP	C	0.16%	0.01%	0.01%
COST	B	1.33%	0.07%	0.07%
CPB	D	0.12%	0.03%	0.03%
CPT	D	0.01%	0.02%	0.01%
CRM	A	0.11%	0.07%	0.07%
CSL	B	0.01%	0.03%	0.01%
CSX	B	0.05%	0.02%	0.02%
CTAS	B	0.24%	0.05%	0.05%
CTVA	D	0.17%	0.02%	0.02%
CVS	F	0.3%	0.02%	0.02%
CVX	A	0.52%	0.01%	0.01%
D	C	0.13%	0.01%	0.01%
DAL	A	0.01%	0.03%	0.01%
DD	D	0.04%	0.1%	0.04%
DE	D	0.1%	0.01%	0.01%
DELL	C	0.06%	0.04%	0.04%
DFS	A	0.07%	0.01%	0.01%
DG	F	0.02%	0.03%	0.02%
DGX	A	0.06%	0.01%	0.01%
DHI	D	0.19%	0.02%	0.02%
DHR	D	0.09%	0.04%	0.04%
DIS	A	0.15%	0.03%	0.03%
DLR	A	0.04%	0.03%	0.03%
DLTR	F	0.02%	0.07%	0.02%
DOC	D	0.01%	0.01%	0.01%
DOV	A	0.02%	0.02%	0.02%
DOW	F	0.06%	0.01%	0.01%
DRI	B	0.01%	0.02%	0.01%
DT	C	0.0%	0.28%	0.0%
DTE	C	0.09%	0.01%	0.01%
DUK	C	0.59%	0.01%	0.01%
DVN	F	0.04%	0.01%	0.01%
EA	A	0.3%	0.04%	0.04%
EBAY	D	0.02%	0.04%	0.02%
ECL	D	0.02%	0.01%	0.01%
ED	D	0.42%	0.01%	0.01%
EFX	F	0.01%	0.03%	0.01%
EIX	C	0.04%	0.01%	0.01%
EL	F	0.01%	0.02%	0.01%
EMN	C	0.02%	0.03%	0.02%
EMR	A	0.05%	0.01%	0.01%
EOG	A	0.15%	0.05%	0.05%
EQH	B	0.02%	0.01%	0.01%
EQIX	B	0.02%	0.02%	0.02%
EQR	C	0.02%	0.02%	0.02%
ES	C	0.02%	0.01%	0.01%
ESS	A	0.01%	0.01%	0.01%
ETN	A	0.05%	0.03%	0.03%
ETR	A	0.05%	0.01%	0.01%
EVRG	A	0.02%	0.01%	0.01%
EW	C	0.12%	0.03%	0.03%
EXC	C	0.05%	0.01%	0.01%
EXPE	A	0.02%	0.05%	0.02%
EXR	C	0.02%	0.02%	0.02%
FANG	D	0.22%	0.04%	0.04%
FDX	A	0.11%	0.02%	0.02%
FIS	B	0.03%	0.03%	0.03%
FITB	A	0.06%	0.03%	0.03%
FNF	C	0.02%	0.02%	0.02%
FOXA	A	0.02%	0.03%	0.02%
FTNT	A	0.01%	0.02%	0.01%
GD	D	0.07%	0.01%	0.01%
GE	D	0.11%	0.04%	0.04%
GILD	B	0.46%	0.01%	0.01%
GIS	D	0.26%	0.04%	0.04%
GLPI	D	0.01%	0.03%	0.01%
GM	A	0.3%	0.02%	0.02%
GOOG	B	1.13%	0.01%	0.01%
GOOGL	B	1.22%	0.04%	0.04%
GPC	D	0.02%	0.02%	0.02%
GPN	B	0.04%	0.02%	0.02%
GS	A	0.29%	0.05%	0.05%
H	B	0.0%	0.02%	0.0%
HAL	C	0.03%	0.06%	0.03%
HBAN	A	0.05%	0.02%	0.02%
HCA	D	0.06%	0.05%	0.05%
HD	A	0.34%	0.03%	0.03%
HES	B	0.02%	0.02%	0.02%
HIG	C	0.09%	0.03%	0.03%
HII	F	0.01%	0.01%	0.01%
HON	A	0.49%	0.01%	0.01%
HPQ	B	0.07%	0.04%	0.04%
HRL	D	0.08%	0.01%	0.01%
HST	D	0.01%	0.03%	0.01%
HSY	F	0.18%	0.01%	0.01%
HUBB	B	0.07%	0.01%	0.01%
HUM	F	0.2%	0.01%	0.01%
IBM	D	0.69%	0.01%	0.01%
ICE	D	0.14%	0.03%	0.03%
IEX	B	0.05%	0.05%	0.05%
IFF	D	0.02%	0.02%	0.02%
ILMN	C	0.01%	0.03%	0.01%
INTC	C	0.18%	0.05%	0.05%
INTU	A	0.04%	0.02%	0.02%
INVH	D	0.01%	0.04%	0.01%
IPG	F	0.02%	0.02%	0.02%
ITW	B	0.27%	0.04%	0.04%
JBL	C	0.03%	0.03%	0.03%
JCI	A	0.05%	0.02%	0.02%
JNJ	D	1.62%	0.01%	0.01%
JNPR	D	0.17%	0.03%	0.03%
JPM	A	1.01%	0.01%	0.01%
K	B	0.28%	0.02%	0.02%
KDP	D	0.24%	0.03%	0.03%
KEY	A	0.04%	0.02%	0.02%
KEYS	C	0.28%	0.03%	0.03%
KIM	A	0.02%	0.02%	0.02%
KLAC	F	0.32%	0.04%	0.04%
KMB	C	0.1%	0.02%	0.02%
KMI	A	0.06%	0.01%	0.01%
KO	D	0.82%	0.01%	0.01%
KR	B	0.32%	0.01%	0.01%
L	A	0.12%	0.04%	0.04%
LDOS	C	0.02%	0.05%	0.02%
LEN	D	0.06%	0.01%	0.01%
LH	B	0.03%	0.01%	0.01%
LHX	B	0.04%	0.01%	0.01%
LII	B	0.01%	0.02%	0.01%
LIN	D	0.15%	0.03%	0.03%
LLY	F	2.09%	0.03%	0.03%
LMT	D	0.75%	0.04%	0.04%
LNT	A	0.05%	0.01%	0.01%
LOW	A	0.12%	0.01%	0.01%
LRCX	F	0.33%	0.04%	0.04%
LUV	A	0.01%	0.01%	0.01%
LVS	C	0.01%	0.04%	0.01%
LYB	F	0.04%	0.03%	0.03%
MA	A	1.66%	0.03%	0.03%
MAA	A	0.01%	0.01%	0.01%
MAR	A	0.02%	0.01%	0.01%
MAS	D	0.01%	0.02%	0.01%
MCD	D	0.5%	0.01%	0.01%
MCO	C	0.21%	0.02%	0.02%
MDLZ	F	0.22%	0.02%	0.02%
MDT	D	0.15%	0.02%	0.02%
MET	A	0.08%	0.07%	0.07%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.14%	0.01%	0.01%
MLM	B	0.02%	0.01%	0.01%
MMC	C	0.68%	0.04%	0.04%
MMM	D	0.28%	0.02%	0.02%
MO	A	0.06%	0.02%	0.02%
MOS	D	0.03%	0.04%	0.03%
MPC	D	0.31%	0.04%	0.04%
MRK	F	0.48%	0.06%	0.06%
MRO	A	0.04%	0.05%	0.04%
MRVL	B	0.02%	0.03%	0.02%
MS	A	0.19%	0.01%	0.01%
MSFT	D	2.68%	0.23%	0.23%
MSI	A	0.64%	0.02%	0.02%
MTB	A	0.08%	0.04%	0.04%
MU	D	0.08%	0.03%	0.03%
NDAQ	A	0.02%	0.03%	0.02%
NEE	C	0.09%	0.01%	0.01%
NEM	F	0.2%	0.05%	0.05%
NI	A	0.02%	0.03%	0.02%
NKE	D	0.27%	0.04%	0.04%
NOC	D	0.57%	0.02%	0.02%
NOW	B	0.26%	0.07%	0.07%
NSC	B	0.05%	0.01%	0.01%
NTAP	D	0.16%	0.03%	0.03%
NTRS	A	0.03%	0.02%	0.02%
NUE	D	0.08%	0.02%	0.02%
NVDA	B	2.8%	0.06%	0.06%
NVR	D	0.11%	0.05%	0.05%
NXPI	F	0.03%	0.03%	0.03%
O	D	0.04%	0.03%	0.03%
OC	A	0.02%	0.02%	0.02%
OKE	A	0.05%	0.01%	0.01%
OMC	C	0.07%	0.03%	0.03%
ORCL	A	0.54%	0.02%	0.02%
ORLY	A	0.25%	0.01%	0.01%
OTIS	D	0.04%	0.04%	0.04%
PCG	A	0.06%	0.01%	0.01%
PEG	C	0.04%	0.01%	0.01%
PEP	F	1.03%	0.02%	0.02%
PFE	F	0.34%	0.03%	0.03%
PFG	C	0.03%	0.02%	0.02%
PG	C	0.57%	0.04%	0.04%
PGR	B	0.65%	0.01%	0.01%
PH	A	0.04%	0.05%	0.04%
PHM	D	0.11%	0.03%	0.03%
PKG	B	0.09%	0.02%	0.02%
PLD	D	0.08%	0.01%	0.01%
PM	A	0.11%	0.02%	0.02%
PNC	A	0.16%	0.01%	0.01%
PNR	A	0.01%	0.01%	0.01%
PPG	F	0.02%	0.02%	0.02%
PRU	A	0.08%	0.02%	0.02%
PSA	C	0.14%	0.01%	0.01%
PSX	C	0.14%	0.04%	0.04%
PWR	A	0.02%	0.05%	0.02%
PYPL	A	0.07%	0.05%	0.05%
QCOM	F	0.57%	0.05%	0.05%
QRVO	F	0.01%	0.05%	0.01%
REG	A	0.01%	0.02%	0.01%
REGN	F	0.27%	0.06%	0.06%
RF	A	0.06%	0.03%	0.03%
RJF	A	0.03%	0.07%	0.03%
ROK	A	0.09%	0.01%	0.01%
ROP	C	0.47%	0.03%	0.03%
ROST	D	0.03%	0.02%	0.02%
RPM	A	0.01%	0.03%	0.01%
RPRX	F	0.01%	0.02%	0.01%
RS	B	0.03%	0.02%	0.02%
RSG	B	0.53%	0.01%	0.01%
RTX	D	0.19%	0.01%	0.01%
SBUX	A	0.06%	0.02%	0.02%
SCHW	A	0.06%	0.01%	0.01%
SHW	B	0.26%	0.02%	0.02%
SJM	F	0.02%	0.03%	0.02%
SLB	C	0.05%	0.05%	0.05%
SNA	A	0.06%	0.01%	0.01%
SO	C	0.53%	0.02%	0.02%
SPG	A	0.03%	0.01%	0.01%
SPGI	C	0.06%	0.02%	0.02%
SRE	A	0.06%	0.03%	0.03%
STE	D	0.01%	0.05%	0.01%
STLD	B	0.04%	0.02%	0.02%
STT	A	0.06%	0.01%	0.01%
STZ	D	0.02%	0.02%	0.02%
SUI	D	0.01%	0.01%	0.01%
SWK	F	0.02%	0.03%	0.02%
SWKS	F	0.05%	0.03%	0.03%
SYF	A	0.06%	0.03%	0.03%
SYK	A	0.05%	0.02%	0.02%
SYY	D	0.05%	0.05%	0.05%
T	A	0.66%	0.05%	0.05%
TDY	B	0.22%	0.03%	0.03%
TFC	A	0.15%	0.02%	0.02%
TGT	D	0.1%	0.02%	0.02%
TJX	A	0.54%	0.01%	0.01%
TMO	D	0.11%	0.03%	0.03%
TMUS	A	0.76%	0.09%	0.09%
TRMB	A	0.01%	0.03%	0.01%
TSCO	D	0.09%	0.03%	0.03%
TSN	A	0.27%	0.06%	0.06%
TT	A	0.26%	0.03%	0.03%
TXN	C	1.13%	0.02%	0.02%
TXT	D	0.02%	0.01%	0.01%
UDR	C	0.01%	0.01%	0.01%
UHS	D	0.02%	0.04%	0.02%
UNH	B	2.25%	0.01%	0.01%
UNP	D	0.08%	0.02%	0.02%
UPS	C	0.11%	0.03%	0.03%
URI	B	0.04%	0.04%	0.04%
USB	B	0.16%	0.01%	0.01%
V	A	1.85%	0.03%	0.03%
VLO	C	0.14%	0.03%	0.03%
VMC	B	0.02%	0.02%	0.02%
VRSK	B	0.15%	0.06%	0.06%
VRSN	D	0.22%	0.04%	0.04%
VTR	C	0.02%	0.02%	0.02%
VTRS	A	0.05%	0.04%	0.04%
VZ	C	0.77%	0.04%	0.04%
WAB	B	0.02%	0.04%	0.02%
WBA	F	0.07%	0.02%	0.02%
WEC	A	0.28%	0.01%	0.01%
WELL	A	0.04%	0.01%	0.01%
WFC	A	0.46%	0.01%	0.01%
WLK	F	0.01%	0.01%	0.01%
WM	B	0.52%	0.01%	0.01%
WMB	A	0.14%	0.01%	0.01%
WMT	A	0.93%	0.01%	0.01%
WPC	D	0.01%	0.02%	0.01%
WTRG	C	0.01%	0.03%	0.01%
WY	D	0.03%	0.01%	0.01%
XEL	A	0.19%	0.01%	0.01%
XOM	B	0.81%	0.01%	0.01%
XYL	D	0.01%	0.02%	0.01%
ZBH	C	0.02%	0.05%	0.02%
ZTS	D	0.24%	0.02%	0.02%

QUS Overweight 235 Positions Relative to VCIT

Symbol	Grade	Weight
META	C	2.41%
CSCO	B	1.32%
ACN	C	1.16%
BRK.A	A	1.06%
VRTX	C	0.62%
MCK	A	0.6%
WCN	A	0.52%
AJG	A	0.45%
TRV	A	0.45%
ANET	C	0.41%
CTSH	B	0.4%
COR	B	0.36%
GDDY	A	0.32%
FCNCA	A	0.32%
PANW	B	0.31%
FI	A	0.3%
ELV	F	0.3%
SNPS	C	0.29%
CDNS	B	0.29%
TSLA	B	0.27%
BAH	D	0.24%
FFIV	B	0.23%
CMG	B	0.22%
INCY	B	0.22%
FICO	A	0.21%
CDW	F	0.21%
GWW	A	0.2%
GRMN	B	0.2%
YUM	D	0.19%
PTC	B	0.18%
KHC	F	0.18%
ROL	A	0.17%
PAYX	B	0.17%
EG	D	0.17%
ERIE	F	0.17%
UBER	C	0.17%
F	C	0.16%
CL	D	0.16%
WDAY	B	0.15%
FAST	B	0.15%
WTW	B	0.15%
CPRT	A	0.14%
ODFL	B	0.14%
MOH	F	0.14%
GLW	B	0.14%
AKAM	F	0.14%
GEN	B	0.13%
NFLX	A	0.13%
IT	B	0.13%
LULU	C	0.12%
NBIX	D	0.12%
MNST	D	0.12%
WRB	A	0.12%
IDXX	F	0.12%
MCHP	F	0.11%
UTHR	B	0.11%
WBD	B	0.11%
MPWR	F	0.1%
OXY	F	0.1%
RMD	C	0.1%
CNC	F	0.09%
TPL	A	0.09%
VEEV	C	0.09%
TROW	A	0.09%
EME	B	0.08%
BLDR	D	0.08%
HUBS	A	0.08%
VLTO	D	0.08%
ULTA	D	0.08%
BMRN	F	0.08%
ALNY	D	0.08%
DECK	A	0.08%
AMD	F	0.07%
MANH	D	0.07%
DPZ	C	0.07%
TW	B	0.07%
MELI	D	0.07%
WAT	B	0.07%
STX	D	0.07%
HOLX	D	0.07%
LPLA	A	0.07%
PCAR	B	0.06%
WSO	A	0.06%
WSM	F	0.06%
SOLV	C	0.06%
CRWD	B	0.06%
EXPD	D	0.06%
HPE	B	0.06%
WST	C	0.06%
GGG	A	0.05%
GEV	A	0.05%
TER	F	0.05%
FDS	A	0.05%
CBRE	B	0.05%
JBHT	B	0.05%
LNG	A	0.05%
VICI	C	0.04%
PAYC	B	0.04%
AMP	A	0.04%
JKHY	D	0.04%
IP	A	0.04%
KVUE	A	0.04%
KNX	B	0.04%
EPAM	B	0.04%
BKR	A	0.04%
KKR	A	0.04%
FCX	F	0.04%
APA	F	0.04%
BX	A	0.04%
POOL	D	0.04%
EQT	A	0.03%
ENPH	F	0.03%
ALLY	C	0.03%
KMX	B	0.03%
SW	A	0.03%
TTC	D	0.03%
TRGP	A	0.03%
APO	A	0.03%
ACI	C	0.03%
PARA	C	0.03%
CF	A	0.03%
AOS	F	0.03%
NRG	B	0.03%
FSLR	F	0.03%
GEHC	D	0.03%
SEIC	A	0.03%
OVV	C	0.03%
MKTX	C	0.03%
CTRA	A	0.03%
CEG	D	0.03%
LW	C	0.03%
SMCI	F	0.03%
ISRG	A	0.03%
CPAY	A	0.02%
BALL	D	0.02%
SSNC	D	0.02%
CCK	D	0.02%
MRNA	F	0.02%
RVTY	D	0.02%
ABNB	C	0.02%
LKQ	D	0.02%
IR	A	0.02%
FTV	D	0.02%
ALB	C	0.02%
WDC	F	0.02%
J	D	0.02%
CRBG	B	0.02%
VST	A	0.02%
TAP	A	0.02%
IQV	F	0.02%
DINO	D	0.02%
AME	A	0.02%
FE	C	0.02%
ON	F	0.02%
SQ	A	0.02%
PPL	A	0.02%
TTD	B	0.01%
MTCH	F	0.01%
RIVN	F	0.01%
ENTG	F	0.01%
TYL	B	0.01%
BBWI	C	0.01%
MTD	F	0.01%
ALGN	D	0.01%
LYV	A	0.01%
PLTR	A	0.01%
Z	A	0.01%
NDSN	B	0.01%
BIO	C	0.01%
TFX	F	0.01%
SBAC	D	0.01%
VRT	A	0.01%
ARES	B	0.01%
CTLT	C	0.01%
DVA	C	0.01%
CSGP	F	0.01%
MGM	D	0.01%
UHAL	D	0.01%
MSCI	A	0.01%
DASH	B	0.01%
ANSS	B	0.01%
TDG	D	0.01%
CRL	D	0.01%
FOX	A	0.01%
FBIN	D	0.01%
RCL	A	0.01%
HLT	A	0.01%
TRU	D	0.01%
IRM	D	0.01%
AVTR	F	0.01%
NWSA	B	0.01%
COIN	A	0.01%
TWLO	A	0.01%
HSIC	D	0.01%
BURL	C	0.01%
ZBRA	B	0.01%
TTWO	A	0.01%
CCL	A	0.01%
ACM	B	0.01%
HWM	A	0.01%
CHRD	F	0.01%
DKS	D	0.01%
ZM	B	0.01%
CG	B	0.01%
APP	A	0.01%
CELH	F	0.0%
IOT	B	0.0%
ZS	B	0.0%
TEAM	A	0.0%
NET	C	0.0%
RBLX	B	0.0%
MDB	C	0.0%
TOST	A	0.0%
DKNG	B	0.0%
BSY	D	0.0%
DDOG	B	0.0%
PSTG	F	0.0%
SNAP	D	0.0%
WYNN	D	0.0%
DOCU	A	0.0%
PODD	A	0.0%
HEI	A	0.0%
MSTR	B	0.0%
EXAS	F	0.0%
SNOW	C	0.0%
DXCM	C	0.0%
DAY	B	0.0%
ROKU	D	0.0%
PINS	F	0.0%
HEI	A	0.0%
ELS	B	0.0%
OKTA	D	0.0%
TECH	D	0.0%
AXON	A	0.0%
HOOD	A	0.0%

QUS Underweight 141 Positions Relative to VCIT

Symbol	Grade	Weight
WIT	B	-0.15%
DB	C	-0.07%
BABA	D	-0.07%
KOF	F	-0.06%
BMO	A	-0.05%
ARCC	A	-0.05%
TD	D	-0.05%
BHF	A	-0.05%
AZN	F	-0.05%
NWG	A	-0.05%
AGR	A	-0.04%
AMG	A	-0.04%
XRAY	F	-0.04%
EXP	B	-0.04%
PAA	A	-0.04%
AER	B	-0.04%
BLK	A	-0.04%
MPLX	A	-0.04%
ET	A	-0.04%
GSK	F	-0.04%
VOD	D	-0.04%
KEX	A	-0.03%
HRB	D	-0.03%
INGR	B	-0.03%
KSS	F	-0.03%
FHN	A	-0.03%
FAF	C	-0.03%
AYI	A	-0.03%
BNS	A	-0.03%
BERY	D	-0.03%
SBRA	C	-0.03%
HP	C	-0.03%
JD	C	-0.03%
DXC	C	-0.03%
FLS	A	-0.03%
DOX	D	-0.03%
BC	D	-0.03%
CNO	A	-0.03%
CMA	A	-0.03%
AGO	A	-0.03%
ARW	D	-0.03%
AAT	C	-0.03%
BDN	D	-0.03%
TEL	C	-0.03%
WB	F	-0.03%
ZION	A	-0.03%
VNT	C	-0.03%
RL	B	-0.03%
SCS	A	-0.03%
SON	D	-0.03%
SNX	D	-0.03%
RGA	A	-0.03%
FMC	F	-0.03%
VFC	B	-0.03%
FLEX	B	-0.03%
EPD	A	-0.03%
MUFG	A	-0.03%
UNM	A	-0.02%
TME	F	-0.02%
R	A	-0.02%
SKT	A	-0.02%
SITC	D	-0.02%
SAFE	F	-0.02%
AVT	C	-0.02%
BKU	A	-0.02%
AN	D	-0.02%
NVT	B	-0.02%
HR	C	-0.02%
GXO	B	-0.02%
EPRT	C	-0.02%
FRT	B	-0.02%
WU	F	-0.02%
TKR	F	-0.02%
RYN	D	-0.02%
SF	A	-0.02%
NOV	D	-0.02%
NHI	D	-0.02%
MHK	D	-0.02%
DSS	F	-0.02%
WBS	A	-0.02%
VOYA	A	-0.02%
VNO	B	-0.02%
FSK	A	-0.02%
OSK	C	-0.02%
MCY	A	-0.02%
PDM	D	-0.02%
LEG	F	-0.02%
LAZ	B	-0.02%
KRC	C	-0.02%
PRE	F	-0.02%
LNC	A	-0.02%
GL	B	-0.02%
EPR	D	-0.02%
CP	D	-0.02%
LEA	F	-0.02%
HUN	F	-0.02%
BIDU	F	-0.02%
ESGR	B	-0.02%
JEF	A	-0.02%
GBDC	A	-0.01%
SAVE	F	-0.01%
OCSL	D	-0.01%
PSEC	F	-0.01%
NEU	C	-0.01%
OGS	A	-0.01%
KRG	B	-0.01%
WTFC	A	-0.01%
CBT	C	-0.01%
KMT	B	-0.01%
THG	A	-0.01%
CHH	A	-0.01%
ADC	A	-0.01%
KMPR	A	-0.01%
PNW	A	-0.01%
RNR	D	-0.01%
AAL	B	-0.01%
LXP	D	-0.01%
NFG	A	-0.01%
OPI	F	-0.01%
HPP	F	-0.01%
CUBE	C	-0.01%
BKH	A	-0.01%
SWX	A	-0.01%
OGE	A	-0.01%
GP	F	-0.01%
HIW	D	-0.01%
FLO	D	-0.01%
AXS	A	-0.01%
REXR	F	-0.01%
CNA	C	-0.01%
AAP	D	-0.01%
NNN	D	-0.01%
AL	A	-0.01%
OHI	C	-0.01%
HAS	D	-0.01%
BWA	A	-0.01%
WHR	A	-0.01%
WEST	D	-0.01%
BRX	A	-0.01%
UAL	A	-0.01%
HSBC	A	-0.01%