QUS vs. VCSH ETF Comparison

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

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

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 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 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.39

Average Daily Volume

3,218,828

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	QUS	VCSH
30 Days	2.08%	1.27%
60 Days	4.77%	2.83%
90 Days	6.12%	3.72%
12 Months	28.73%	9.62%

325 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in VCSH	Overlap
A	C	0.12%	0.02%	0.02%
AAPL	C	3.27%	0.03%	0.03%
ABBV	C	0.59%	0.02%	0.02%
ABT	C	0.16%	0.02%	0.02%
ADBE	F	0.78%	0.03%	0.03%
ADI	C	0.15%	0.02%	0.02%
ADM	D	0.09%	0.05%	0.05%
ADP	B	0.51%	0.05%	0.05%
ADSK	C	0.14%	0.01%	0.01%
AEE	C	0.1%	0.01%	0.01%
AEP	C	0.21%	0.01%	0.01%
AES	C	0.02%	0.02%	0.02%
AFG	B	0.15%	0.02%	0.02%
AFL	C	0.21%	0.02%	0.02%
AIG	D	0.12%	0.06%	0.06%
AIZ	B	0.11%	0.02%	0.02%
ALB	D	0.02%	0.02%	0.02%
ALL	B	0.06%	0.01%	0.01%
ALLE	B	0.04%	0.02%	0.02%
ALLY	F	0.02%	0.01%	0.01%
AMAT	D	0.55%	0.03%	0.03%
AMD	D	0.07%	0.01%	0.01%
AMGN	B	0.33%	0.01%	0.01%
AMP	A	0.03%	0.01%	0.01%
AMT	C	0.05%	0.01%	0.01%
AMZN	C	0.64%	0.04%	0.04%
AON	B	0.2%	0.01%	0.01%
APD	B	0.04%	0.01%	0.01%
APH	D	0.66%	0.02%	0.02%
APTV	D	0.03%	0.03%	0.03%
ARE	C	0.02%	0.01%	0.01%
ATO	B	0.04%	0.03%	0.03%
AVB	B	0.02%	0.01%	0.01%
AVGO	C	0.6%	0.01%	0.01%
AWK	B	0.02%	0.01%	0.01%
AXP	B	0.1%	0.03%	0.03%
AZO	D	0.37%	0.01%	0.01%
BA	F	0.03%	0.01%	0.01%
BAC	D	0.59%	0.01%	0.01%
BAX	C	0.03%	0.03%	0.03%
BDX	D	0.26%	0.02%	0.02%
BEN	F	0.01%	0.02%	0.01%
BG	D	0.05%	0.03%	0.03%
BIIB	F	0.03%	0.08%	0.03%
BK	B	0.08%	0.01%	0.01%
BKNG	C	0.03%	0.02%	0.02%
BLK	B	0.4%	0.05%	0.05%
BMY	C	0.31%	0.02%	0.02%
BR	D	0.03%	0.02%	0.02%
BRO	C	0.01%	0.02%	0.01%
BSX	B	0.04%	0.01%	0.01%
BXP	B	0.02%	0.03%	0.02%
C	C	0.38%	0.02%	0.02%
CAG	C	0.02%	0.01%	0.01%
CAH	C	0.12%	0.02%	0.02%
CARR	B	0.04%	0.09%	0.04%
CAT	B	0.58%	0.02%	0.02%
CB	B	0.66%	0.03%	0.03%
CCI	C	0.03%	0.02%	0.02%
CDNS	D	0.27%	0.02%	0.02%
CE	F	0.02%	0.02%	0.02%
CF	C	0.03%	0.02%	0.02%
CFG	C	0.06%	0.01%	0.01%
CHD	D	0.14%	0.01%	0.01%
CHTR	D	0.08%	0.07%	0.07%
CI	C	0.27%	0.01%	0.01%
CL	D	0.19%	0.01%	0.01%
CLX	C	0.01%	0.01%	0.01%
CMCSA	D	0.4%	0.03%	0.03%
CME	C	0.22%	0.03%	0.03%
CMI	C	0.14%	0.02%	0.02%
CMS	C	0.09%	0.01%	0.01%
CNH	D	0.02%	0.02%	0.02%
CNP	C	0.02%	0.01%	0.01%
COF	B	0.13%	0.01%	0.01%
COP	D	0.16%	0.01%	0.01%
COST	B	1.35%	0.06%	0.06%
CPB	C	0.14%	0.02%	0.02%
CPT	B	0.01%	0.02%	0.01%
CRM	D	0.09%	0.05%	0.05%
CSCO	C	1.19%	0.02%	0.02%
CSL	B	0.01%	0.01%	0.01%
CSX	D	0.05%	0.02%	0.02%
CTVA	B	0.17%	0.02%	0.02%
CVS	D	0.32%	0.02%	0.02%
CVX	D	0.49%	0.02%	0.02%
D	C	0.14%	0.01%	0.01%
DAL	C	0.01%	0.01%	0.01%
DD	B	0.04%	0.08%	0.04%
DE	B	0.11%	0.01%	0.01%
DELL	D	0.05%	0.01%	0.01%
DFS	B	0.06%	0.01%	0.01%
DG	F	0.02%	0.01%	0.01%
DGX	B	0.06%	0.02%	0.02%
DHI	B	0.23%	0.01%	0.01%
DHR	B	0.1%	0.02%	0.02%
DIS	D	0.14%	0.03%	0.03%
DLR	B	0.03%	0.03%	0.03%
DLTR	F	0.02%	0.05%	0.02%
DOC	C	0.01%	0.02%	0.01%
DOV	B	0.02%	0.02%	0.02%
DOW	D	0.07%	0.01%	0.01%
DTE	C	0.1%	0.01%	0.01%
DUK	C	0.64%	0.01%	0.01%
DVN	F	0.04%	0.02%	0.02%
EA	D	0.29%	0.02%	0.02%
EBAY	B	0.02%	0.03%	0.02%
ED	C	0.46%	0.01%	0.01%
EFX	B	0.02%	0.02%	0.02%
EIX	C	0.05%	0.01%	0.01%
EL	F	0.01%	0.03%	0.01%
EMN	B	0.02%	0.03%	0.02%
EMR	D	0.04%	0.01%	0.01%
EOG	D	0.14%	0.02%	0.02%
EQH	C	0.02%	0.02%	0.02%
EQIX	C	0.02%	0.02%	0.02%
EQR	B	0.02%	0.02%	0.02%
ES	C	0.03%	0.01%	0.01%
ESS	B	0.01%	0.01%	0.01%
ETN	C	0.04%	0.07%	0.04%
ETR	B	0.04%	0.01%	0.01%
EVRG	B	0.02%	0.01%	0.01%
EXC	C	0.06%	0.01%	0.01%
EXPE	C	0.01%	0.02%	0.01%
FANG	D	0.22%	0.02%	0.02%
FDX	C	0.12%	0.03%	0.03%
FE	C	0.03%	0.01%	0.01%
FIS	B	0.03%	0.03%	0.03%
FITB	B	0.06%	0.03%	0.03%
FOXA	B	0.02%	0.04%	0.02%
FTNT	C	0.01%	0.02%	0.01%
FTV	C	0.02%	0.04%	0.02%
GD	B	0.08%	0.02%	0.02%
GE	B	0.11%	0.01%	0.01%
GILD	B	0.41%	0.04%	0.04%
GIS	B	0.3%	0.03%	0.03%
GLPI	C	0.01%	0.03%	0.01%
GM	C	0.27%	0.02%	0.02%
GOOGL	D	1.12%	0.04%	0.04%
GPN	D	0.04%	0.03%	0.03%
GS	C	0.25%	0.01%	0.01%
GWW	B	0.17%	0.02%	0.02%
H	C	0.0%	0.01%	0.0%
HAL	F	0.03%	0.03%	0.03%
HBAN	B	0.05%	0.01%	0.01%
HCA	B	0.07%	0.06%	0.06%
HD	B	0.33%	0.01%	0.01%
HES	F	0.02%	0.01%	0.01%
HII	D	0.01%	0.01%	0.01%
HON	D	0.48%	0.01%	0.01%
HPE	D	0.05%	0.03%	0.03%
HPQ	D	0.06%	0.05%	0.05%
HRL	C	0.09%	0.03%	0.03%
HST	C	0.01%	0.02%	0.01%
HSY	C	0.22%	0.01%	0.01%
HUBB	B	0.06%	0.01%	0.01%
HUM	F	0.23%	0.02%	0.02%
IBM	B	0.72%	0.02%	0.02%
ICE	C	0.15%	0.02%	0.02%
IFF	B	0.02%	0.01%	0.01%
ILMN	C	0.01%	0.02%	0.01%
INTC	F	0.15%	0.03%	0.03%
INTU	C	0.04%	0.02%	0.02%
IP	B	0.03%	0.02%	0.02%
IPG	C	0.02%	0.01%	0.01%
ITW	C	0.26%	0.04%	0.04%
JBHT	D	0.05%	0.03%	0.03%
JBL	D	0.02%	0.01%	0.01%
JCI	B	0.04%	0.02%	0.02%
JNJ	C	1.8%	0.02%	0.02%
JNPR	B	0.18%	0.03%	0.03%
JPM	D	0.9%	0.01%	0.01%
K	B	0.3%	0.02%	0.02%
KDP	B	0.28%	0.02%	0.02%
KEY	B	0.04%	0.01%	0.01%
KEYS	C	0.27%	0.02%	0.02%
KIM	C	0.02%	0.01%	0.01%
KLAC	D	0.36%	0.06%	0.06%
KMB	D	0.11%	0.01%	0.01%
KMI	B	0.05%	0.02%	0.02%
KO	C	0.96%	0.06%	0.06%
KR	C	0.31%	0.02%	0.02%
L	C	0.12%	0.02%	0.02%
LDOS	B	0.02%	0.02%	0.02%
LEN	B	0.07%	0.01%	0.01%
LHX	C	0.04%	0.02%	0.02%
LII	B	0.01%	0.01%	0.01%
LIN	B	0.17%	0.02%	0.02%
LLY	C	2.43%	0.02%	0.02%
LMT	C	0.79%	0.05%	0.05%
LNT	B	0.05%	0.02%	0.02%
LOW	B	0.12%	0.01%	0.01%
LRCX	F	0.34%	0.02%	0.02%
LUV	C	0.01%	0.01%	0.01%
LVS	D	0.01%	0.02%	0.01%
LYB	D	0.05%	0.02%	0.02%
MA	B	1.63%	0.04%	0.04%
MAA	B	0.01%	0.01%	0.01%
MAR	C	0.02%	0.01%	0.01%
MCD	B	0.52%	0.01%	0.01%
MCHP	F	0.12%	0.01%	0.01%
MCK	F	0.53%	0.01%	0.01%
MCO	B	0.21%	0.02%	0.02%
MDLZ	B	0.26%	0.01%	0.01%
MDT	C	0.16%	0.08%	0.08%
MET	B	0.08%	0.02%	0.02%
MKC	C	0.01%	0.02%	0.01%
MLM	D	0.02%	0.01%	0.01%
MMC	C	0.72%	0.01%	0.01%
MMM	B	0.29%	0.01%	0.01%
MO	C	0.06%	0.01%	0.01%
MOS	F	0.03%	0.03%	0.03%
MPC	F	0.34%	0.03%	0.03%
MRK	D	0.56%	0.04%	0.04%
MRVL	C	0.02%	0.02%	0.02%
MS	D	0.15%	0.03%	0.03%
MSFT	C	2.86%	0.04%	0.04%
MSI	B	0.58%	0.03%	0.03%
MTB	B	0.07%	0.02%	0.02%
MU	F	0.07%	0.03%	0.03%
NDAQ	A	0.02%	0.01%	0.01%
NEE	C	0.11%	0.01%	0.01%
NEM	B	0.25%	0.01%	0.01%
NI	B	0.02%	0.05%	0.02%
NKE	D	0.3%	0.02%	0.02%
NOC	B	0.59%	0.05%	0.05%
NSC	C	0.05%	0.01%	0.01%
NTAP	D	0.16%	0.02%	0.02%
NTRS	A	0.03%	0.04%	0.03%
NUE	F	0.07%	0.03%	0.03%
NVDA	D	2.36%	0.02%	0.02%
NXPI	F	0.03%	0.02%	0.02%
O	C	0.05%	0.01%	0.01%
OC	D	0.02%	0.01%	0.01%
OKE	B	0.05%	0.02%	0.02%
OMC	B	0.07%	0.06%	0.06%
ORCL	C	0.48%	0.05%	0.05%
ORLY	C	0.25%	0.01%	0.01%
OTIS	C	0.04%	0.07%	0.04%
PCAR	D	0.05%	0.01%	0.01%
PCG	C	0.06%	0.01%	0.01%
PEG	B	0.04%	0.01%	0.01%
PEP	C	1.15%	0.02%	0.02%
PFE	C	0.39%	0.03%	0.03%
PFG	B	0.03%	0.01%	0.01%
PG	C	0.62%	0.01%	0.01%
PH	B	0.03%	0.02%	0.02%
PHM	B	0.12%	0.03%	0.03%
PKG	B	0.08%	0.01%	0.01%
PM	C	0.11%	0.02%	0.02%
PNC	B	0.15%	0.02%	0.02%
PPG	D	0.03%	0.01%	0.01%
PPL	C	0.03%	0.01%	0.01%
PRU	C	0.08%	0.03%	0.03%
PSA	B	0.16%	0.02%	0.02%
PSX	F	0.14%	0.01%	0.01%
PYPL	B	0.06%	0.03%	0.03%
QCOM	D	0.58%	0.04%	0.04%
RF	B	0.05%	0.04%	0.04%
ROK	D	0.1%	0.01%	0.01%
ROP	C	0.48%	0.01%	0.01%
ROST	C	0.03%	0.02%	0.02%
RPM	B	0.01%	0.01%	0.01%
RPRX	C	0.01%	0.04%	0.01%
RS	D	0.02%	0.01%	0.01%
RSG	D	0.54%	0.01%	0.01%
RTX	C	0.19%	0.02%	0.02%
SBUX	C	0.06%	0.02%	0.02%
SCHW	D	0.06%	0.01%	0.01%
SHW	B	0.26%	0.02%	0.02%
SLB	F	0.05%	0.02%	0.02%
SO	B	0.56%	0.01%	0.01%
SPG	B	0.03%	0.02%	0.02%
SPGI	B	0.07%	0.03%	0.03%
SRE	C	0.06%	0.01%	0.01%
STLD	F	0.03%	0.02%	0.02%
STT	A	0.05%	0.03%	0.03%
STZ	D	0.02%	0.02%	0.02%
SWK	B	0.03%	0.03%	0.03%
SWKS	D	0.06%	0.03%	0.03%
SYF	C	0.05%	0.03%	0.03%
SYK	C	0.05%	0.01%	0.01%
SYY	D	0.05%	0.03%	0.03%
T	C	0.67%	0.01%	0.01%
TAP	D	0.02%	0.1%	0.02%
TDY	B	0.2%	0.02%	0.02%
TEL	D	0.17%	0.01%	0.01%
TFC	C	0.14%	0.01%	0.01%
TGT	C	0.1%	0.05%	0.05%
TJX	B	0.57%	0.04%	0.04%
TMO	B	0.13%	0.01%	0.01%
TMUS	C	0.69%	0.04%	0.04%
TRMB	C	0.01%	0.01%	0.01%
TSN	C	0.29%	0.01%	0.01%
TT	B	0.24%	0.02%	0.02%
TXN	C	1.07%	0.01%	0.01%
TXT	D	0.02%	0.01%	0.01%
UDR	C	0.01%	0.01%	0.01%
UHS	B	0.02%	0.01%	0.01%
UNH	C	2.27%	0.01%	0.01%
UNP	C	0.09%	0.01%	0.01%
UPS	D	0.11%	0.02%	0.02%
USB	B	0.15%	0.02%	0.02%
V	C	1.8%	0.13%	0.13%
VLO	F	0.14%	0.03%	0.03%
VMC	D	0.01%	0.01%	0.01%
VRSK	D	0.15%	0.05%	0.05%
VTR	C	0.02%	0.02%	0.02%
VTRS	D	0.05%	0.03%	0.03%
VZ	B	0.88%	0.06%	0.06%
WAB	B	0.02%	0.03%	0.02%
WBA	F	0.07%	0.06%	0.06%
WEC	C	0.29%	0.02%	0.02%
WELL	C	0.03%	0.01%	0.01%
WFC	D	0.36%	0.01%	0.01%
WLK	D	0.01%	0.04%	0.01%
WM	D	0.51%	0.02%	0.02%
WMB	B	0.12%	0.03%	0.03%
WMT	C	0.92%	0.02%	0.02%
WPC	C	0.01%	0.02%	0.01%
WY	C	0.03%	0.01%	0.01%
XEL	B	0.19%	0.01%	0.01%
XOM	C	0.77%	0.02%	0.02%
ZBH	F	0.02%	0.02%	0.02%
ZTS	C	0.27%	0.04%	0.04%

QUS Overweight 254 Positions Relative to VCSH

Symbol	Grade	Weight
META	B	2.24%
ACN	C	1.19%
BRK.A	C	1.07%
GOOG	D	1.04%
PGR	B	0.66%
VRTX	D	0.61%
WCN	D	0.55%
AJG	D	0.47%
TRV	C	0.44%
ACGL	C	0.42%
ELV	C	0.41%
REGN	C	0.4%
CTSH	C	0.4%
ANET	B	0.38%
CBOE	C	0.31%
GDDY	C	0.29%
FCNCA	D	0.29%
PANW	D	0.29%
SNPS	D	0.26%
CDW	D	0.25%
NOW	B	0.24%
VRSN	D	0.23%
CTAS	B	0.23%
CMG	C	0.22%
ERIE	B	0.22%
FFIV	B	0.21%
KHC	C	0.21%
BAH	C	0.21%
TSLA	C	0.2%
YUM	D	0.19%
UBER	C	0.18%
EG	C	0.18%
PTC	D	0.17%
AKAM	D	0.17%
FICO	B	0.17%
INCY	C	0.17%
GRMN	D	0.17%
ROL	C	0.17%
PAYX	C	0.16%
MOH	D	0.16%
F	F	0.16%
WTW	C	0.15%
IDXX	C	0.15%
WDAY	D	0.15%
MKL	C	0.14%
CPRT	D	0.13%
EW	F	0.13%
IT	B	0.13%
GLW	C	0.13%
FAST	C	0.13%
MNST	D	0.12%
NBIX	F	0.12%
NFLX	B	0.12%
WRB	C	0.12%
MPWR	C	0.12%
ODFL	D	0.12%
WBD	D	0.11%
BMRN	F	0.11%
CNC	D	0.11%
NVR	B	0.11%
UTHR	C	0.1%
RMD	C	0.1%
BBY	C	0.1%
OXY	F	0.1%
LULU	D	0.1%
VEEV	C	0.09%
VLTO	C	0.09%
HIG	B	0.09%
PLD	C	0.09%
TSCO	C	0.09%
HOLX	B	0.08%
DECK	C	0.08%
MELI	B	0.08%
BLDR	C	0.08%
TROW	D	0.08%
ALNY	C	0.08%
ULTA	D	0.08%
EXPD	C	0.07%
MANH	B	0.07%
STX	C	0.07%
TER	D	0.06%
SOLV	C	0.06%
HUBS	D	0.06%
EME	B	0.06%
WAT	C	0.06%
WST	D	0.06%
DPZ	F	0.06%
TW	B	0.06%
SMCI	F	0.06%
WSM	D	0.06%
ENPH	D	0.05%
LNG	C	0.05%
FDS	C	0.05%
LPLA	D	0.05%
CRWD	D	0.05%
APA	F	0.05%
SNA	C	0.05%
WSO	C	0.05%
TPL	B	0.05%
KKR	B	0.04%
URI	B	0.04%
EPAM	F	0.04%
KNX	C	0.04%
JKHY	B	0.04%
BX	B	0.04%
VICI	C	0.04%
KVUE	C	0.04%
FCX	D	0.04%
IEX	D	0.04%
CBRE	A	0.04%
GGG	C	0.04%
POOL	C	0.04%
ECL	B	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%
CHK	D	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%
ACI	F	0.03%
KMX	D	0.03%
MKTX	C	0.03%
GEHC	C	0.03%
CTRA	D	0.03%
AOS	D	0.03%
CINF	B	0.03%
GEV	B	0.03%
BKR	C	0.03%
ISRG	B	0.03%
MRO	C	0.03%
FSLR	C	0.03%
ABNB	D	0.02%
XYL	C	0.02%
CHRD	F	0.02%
DKS	D	0.02%
CCK	A	0.02%
SSNC	B	0.02%
IR	C	0.02%
BALL	C	0.02%
SJM	C	0.02%
LKQ	F	0.02%
WDC	D	0.02%
PWR	B	0.02%
AMCR	B	0.02%
CRBG	D	0.02%
APO	C	0.02%
J	C	0.02%
CHRW	B	0.02%
GPC	D	0.02%
AME	C	0.02%
FNF	B	0.02%
TRGP	B	0.02%
EQT	D	0.02%
SQ	D	0.02%
SW	B	0.02%
MRNA	F	0.02%
NRG	C	0.02%
VRT	C	0.01%
LYV	B	0.01%
BBWI	F	0.01%
Z	B	0.01%
TYL	C	0.01%
APP	C	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%
MTD	D	0.01%
RIVN	F	0.01%
ALGN	D	0.01%
TWLO	D	0.01%
RCL	B	0.01%
SBAC	C	0.01%
MSCI	C	0.01%
ANSS	D	0.01%
CTLT	B	0.01%
MGM	F	0.01%
AMH	C	0.01%
CSGP	D	0.01%
CRL	F	0.01%
UHAL	A	0.01%
FOX	B	0.01%
CCL	C	0.01%
PNR	B	0.01%
TFX	C	0.01%
DVA	B	0.01%
HLT	B	0.01%
TDG	B	0.01%
WTRG	D	0.01%
NWSA	D	0.01%
TRU	B	0.01%
ZBRA	B	0.01%
AVY	C	0.01%
TTWO	C	0.01%
IRM	C	0.01%
CG	D	0.01%
REG	C	0.01%
MAS	B	0.01%
HWM	B	0.01%
ZM	C	0.01%
QRVO	F	0.01%
ACM	B	0.01%
VST	C	0.01%
CPAY	B	0.01%
HSIC	C	0.01%
BURL	B	0.01%
SUI	B	0.01%
STE	C	0.01%
AVTR	B	0.01%
INVH	C	0.01%
DRI	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%
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 119 Positions Relative to VCSH

Symbol	Grade	Weight
STLA	F	-0.07%
VFC	C	-0.04%
WB	D	-0.04%
ARCC	B	-0.04%
GSK	C	-0.04%
AZN	D	-0.04%
AGR	B	-0.03%
JD	C	-0.03%
HAS	B	-0.03%
MHK	C	-0.03%
DXC	C	-0.03%
WAL	B	-0.03%
CNO	B	-0.03%
SNX	D	-0.03%
PVH	F	-0.03%
JEF	B	-0.03%
EPD	B	-0.03%
MPLX	B	-0.03%
BERY	B	-0.03%
AER	B	-0.03%
SKT	B	-0.02%
RL	C	-0.02%
THG	B	-0.02%
UNM	B	-0.02%
VNT	F	-0.02%
BKU	C	-0.02%
GBDC	C	-0.02%
BC	C	-0.02%
HP	F	-0.02%
HOG	C	-0.02%
GXO	D	-0.02%
KMPR	D	-0.02%
FRT	C	-0.02%
NNN	C	-0.02%
SF	A	-0.02%
SBRA	C	-0.02%
TSLX	C	-0.02%
VNO	B	-0.02%
BKH	B	-0.02%
COKE	C	-0.02%
BWA	D	-0.02%
BABA	B	-0.02%
AWH	F	-0.02%
GSBD	D	-0.02%
HRB	C	-0.02%
OCSL	F	-0.02%
LAZ	B	-0.02%
ORI	B	-0.02%
VOYA	B	-0.02%
OHI	B	-0.02%
IVZ	B	-0.02%
BRX	B	-0.02%
AN	D	-0.02%
CNA	C	-0.02%
FLEX	C	-0.02%
FSK	B	-0.02%
WRK	C	-0.02%
ET	B	-0.02%
AL	D	-0.02%
CM	B	-0.02%
RY	B	-0.02%
TD	B	-0.02%
NVT	D	-0.01%
HIW	B	-0.01%
FNB	C	-0.01%
CACC	F	-0.01%
VLY	C	-0.01%
KSS	F	-0.01%
G	C	-0.01%
EPR	B	-0.01%
NEU	D	-0.01%
TKR	D	-0.01%
FAF	B	-0.01%
LEG	D	-0.01%
FMC	C	-0.01%
JHG	B	-0.01%
NYCB	D	-0.01%
WHR	D	-0.01%
RNR	C	-0.01%
SNV	C	-0.01%
SLG	B	-0.01%
BDN	B	-0.01%
BCSF	B	-0.01%
TME	F	-0.01%
RGA	C	-0.01%
SITC	D	-0.01%
BHP	D	-0.01%
FLS	D	-0.01%
GP	D	-0.01%
OGS	B	-0.01%
LNC	D	-0.01%
PNW	C	-0.01%
PSEC	C	-0.01%
SCCO	D	-0.01%
FHN	D	-0.01%
CUBE	B	-0.01%
MAIN	B	-0.01%
PDM	B	-0.01%
KRC	B	-0.01%
NFG	B	-0.01%
OPI	F	-0.01%
CP	C	-0.01%
AVT	C	-0.01%
AMG	C	-0.01%
ARW	C	-0.01%
UAL	C	-0.01%
WU	F	-0.01%
LH	C	-0.01%
R	A	-0.01%
CMA	B	-0.01%
BIDU	D	-0.01%
PAA	C	-0.01%
BNS	B	-0.01%
VOD	C	-0.01%
DB	B	-0.01%
BMO	C	-0.01%
HSBC	B	-0.01%
NWG	C	-0.01%
MUFG	D	-0.01%