QVML vs. DEUS ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to Deutsche X-trackers Russell 1000 Enhanced Beta ETF (DEUS)

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.82

Average Daily Volume

1,105

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

DEUS

Deutsche X-trackers Russell 1000 Enhanced Beta ETF

DEUS Description

The investment seeks investment results that correspond generally to the performance of the Russell 1000 Comprehensive Factor Index. The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance of the underlying index, which is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of value, momentum, quality, low volatility and size. It will normally invest at least 80% of its net assets in equity securities of issuers from the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.51

Average Daily Volume

5,985

Number of Holdings ^*

832

* may have additional holdings in another (foreign) market

Performance

Period	QVML	DEUS
30 Days	2.09%	3.67%
60 Days	3.90%	5.88%
90 Days	4.37%	7.62%
12 Months	32.66%	25.53%

426 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in DEUS	Overlap
	A	C	0.09%	0.27%	0.09%
	AAL	D	0.02%	0.0%	0.0%
	AAPL	C	6.84%	0.11%	0.11%
	ABBV	C	0.78%	0.1%	0.1%
	ABNB	D	0.12%	0.05%	0.05%
	ABT	C	0.47%	0.04%	0.04%
	ACGL	C	0.1%	1.07%	0.1%
	ACN	C	0.51%	0.08%	0.08%
	ADBE	F	0.6%	0.19%	0.19%
	ADI	C	0.25%	0.17%	0.17%
	ADM	D	0.08%	0.54%	0.08%
	ADP	B	0.27%	0.1%	0.1%
	ADSK	C	0.12%	0.16%	0.12%
	AEE	C	0.05%	0.09%	0.05%
	AEP	C	0.13%	0.24%	0.13%
	AFL	C	0.14%	0.27%	0.14%
	AIG	D	0.13%	0.06%	0.06%
	AIZ	B	0.02%	0.13%	0.02%
	AJG	D	0.15%	0.06%	0.06%
	AKAM	D	0.04%	0.22%	0.04%
	ALB	D	0.03%	0.01%	0.01%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	B	0.12%	0.07%	0.07%
	ALLE	B	0.03%	0.1%	0.03%
	AMAT	D	0.32%	0.22%	0.22%
	AMCR	B	0.04%	0.1%	0.04%
	AMD	D	0.59%	0.01%	0.01%
	AME	C	0.09%	0.08%	0.08%
	AMP	A	0.1%	0.1%	0.1%
	AMZN	C	3.79%	0.06%	0.06%
	ANET	B	0.2%	0.16%	0.16%
	ANSS	D	0.06%	0.05%	0.05%
	AOS	D	0.02%	0.21%	0.02%
	APH	D	0.17%	0.31%	0.17%
	APTV	D	0.05%	0.02%	0.02%
	ARE	C	0.05%	0.02%	0.02%
	ATO	B	0.05%	0.29%	0.05%
	AVB	B	0.08%	0.1%	0.08%
	AVGO	C	1.51%	0.04%	0.04%
	AVY	C	0.04%	0.16%	0.04%
	AXON	B	0.06%	0.02%	0.02%
	AXP	B	0.37%	0.09%	0.09%
	BAC	D	0.63%	0.02%	0.02%
	BALL	C	0.05%	0.08%	0.05%
	BAX	C	0.05%	0.04%	0.04%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.04%	0.26%	0.04%
	BDX	D	0.16%	0.04%	0.04%
	BEN	F	0.01%	0.02%	0.01%
	BG	D	0.03%	0.2%	0.03%
	BK	B	0.12%	0.14%	0.12%
	BKNG	C	0.31%	0.25%	0.25%
	BKR	C	0.08%	0.14%	0.08%
	BLDR	C	0.05%	0.1%	0.05%
	BLK	B	0.29%	0.1%	0.1%
	BR	D	0.06%	0.29%	0.06%
	BRK.A	C	1.95%	0.12%	0.12%
	BRO	C	0.06%	0.25%	0.06%
	BSX	B	0.28%	0.08%	0.08%
	BWA	D	0.02%	0.12%	0.02%
	BX	B	0.24%	0.08%	0.08%
	BXP	B	0.03%	0.03%	0.03%
	C	C	0.27%	0.01%	0.01%
	CAG	C	0.04%	0.06%	0.04%
	CAH	C	0.06%	0.92%	0.06%
	CARR	B	0.14%	0.17%	0.14%
	CAT	B	0.42%	0.18%	0.18%
	CB	B	0.28%	0.32%	0.28%
	CBOE	C	0.05%	0.57%	0.05%
	CBRE	A	0.08%	0.22%	0.08%
	CDNS	D	0.16%	0.2%	0.16%
	CDW	D	0.07%	0.19%	0.07%
	CE	F	0.03%	0.31%	0.03%
	CEG	C	0.14%	0.01%	0.01%
	CF	C	0.04%	0.15%	0.04%
	CFG	C	0.04%	0.07%	0.04%
	CHD	D	0.06%	0.2%	0.06%
	CHRW	B	0.03%	0.02%	0.02%
	CHTR	D	0.08%	0.2%	0.08%
	CI	C	0.25%	0.4%	0.25%
	CINF	B	0.05%	0.49%	0.05%
	CL	D	0.2%	0.34%	0.2%
	CLX	C	0.05%	0.06%	0.05%
	CMCSA	D	0.39%	0.14%	0.14%
	CME	C	0.19%	0.06%	0.06%
	CMG	C	0.18%	0.15%	0.15%
	CMI	C	0.1%	0.45%	0.1%
	CMS	C	0.05%	0.18%	0.05%
	CNC	D	0.1%	0.67%	0.1%
	CNP	C	0.04%	0.16%	0.04%
	COF	B	0.12%	0.14%	0.12%
	COP	D	0.29%	0.1%	0.1%
	COST	B	0.91%	0.15%	0.15%
	CPAY	B	0.06%	0.19%	0.06%
	CPB	C	0.03%	0.11%	0.03%
	CPRT	D	0.1%	0.13%	0.1%
	CPT	B	0.03%	0.05%	0.03%
	CRL	F	0.02%	0.03%	0.02%
	CRM	D	0.57%	0.14%	0.14%
	CSCO	C	0.48%	0.13%	0.13%
	CSGP	D	0.07%	0.02%	0.02%
	CSX	D	0.16%	0.09%	0.09%
	CTAS	B	0.16%	0.14%	0.14%
	CTRA	D	0.04%	0.18%	0.04%
	CTSH	C	0.09%	0.57%	0.09%
	CTVA	B	0.1%	0.06%	0.06%
	CVS	D	0.17%	0.27%	0.17%
	CVX	D	0.6%	0.05%	0.05%
	D	C	0.12%	0.17%	0.12%
	DAL	C	0.07%	0.2%	0.07%
	DAY	D	0.02%	0.01%	0.01%
	DD	B	0.08%	0.11%	0.08%
	DE	B	0.24%	0.1%	0.1%
	DECK	C	0.06%	0.11%	0.06%
	DFS	B	0.08%	0.07%	0.07%
	DG	F	0.05%	0.08%	0.05%
	DGX	B	0.04%	0.16%	0.04%
	DHI	B	0.14%	0.62%	0.14%
	DHR	B	0.41%	0.04%	0.04%
	DIS	D	0.4%	0.03%	0.03%
	DLR	B	0.12%	0.08%	0.08%
	DLTR	F	0.04%	0.14%	0.04%
	DOC	C	0.04%	0.02%	0.02%
	DOV	B	0.06%	0.14%	0.06%
	DOW	D	0.08%	0.08%	0.08%
	DPZ	F	0.03%	0.16%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.06%	0.12%	0.06%
	DUK	C	0.21%	0.21%	0.21%
	DVA	B	0.02%	0.28%	0.02%
	DVN	F	0.06%	0.03%	0.03%
	EA	D	0.08%	0.19%	0.08%
	EBAY	B	0.08%	0.41%	0.08%
	ECL	B	0.14%	0.13%	0.13%
	ED	C	0.09%	0.21%	0.09%
	EFX	B	0.08%	0.05%	0.05%
	EG	C	0.04%	0.5%	0.04%
	EIX	C	0.08%	0.21%	0.08%
	ELV	C	0.3%	0.33%	0.3%
	EMN	B	0.03%	0.18%	0.03%
	EMR	D	0.14%	0.01%	0.01%
	EOG	D	0.17%	0.17%	0.17%
	EPAM	F	0.03%	0.11%	0.03%
	EQR	B	0.06%	0.09%	0.06%
	ES	C	0.06%	0.04%	0.04%
	ESS	B	0.05%	0.08%	0.05%
	ETN	C	0.29%	0.09%	0.09%
	ETR	B	0.06%	0.39%	0.06%
	EVRG	B	0.03%	0.12%	0.03%
	EW	F	0.1%	0.04%	0.04%
	EXC	C	0.1%	0.15%	0.1%
	EXPD	C	0.04%	0.12%	0.04%
	EXPE	C	0.04%	0.21%	0.04%
	EXR	B	0.09%	0.08%	0.08%
	F	F	0.1%	0.07%	0.07%
	FANG	D	0.08%	0.04%	0.04%
	FAST	C	0.1%	0.28%	0.1%
	FCX	D	0.15%	0.04%	0.04%
	FDS	C	0.04%	0.22%	0.04%
	FDX	C	0.16%	0.22%	0.16%
	FE	C	0.06%	0.13%	0.06%
	FFIV	B	0.03%	0.43%	0.03%
	FITB	B	0.07%	0.09%	0.07%
	FMC	C	0.02%	0.01%	0.01%
	FOXA	B	0.04%	0.11%	0.04%
	FRT	C	0.02%	0.03%	0.02%
	FSLR	C	0.05%	0.02%	0.02%
	FTV	C	0.06%	0.09%	0.06%
	GD	B	0.16%	0.23%	0.16%
	GE	B	0.44%	0.1%	0.1%
	GEHC	C	0.09%	0.28%	0.09%
	GEV	B	0.14%	0.11%	0.11%
	GIS	B	0.1%	0.12%	0.1%
	GL	C	0.02%	0.22%	0.02%
	GLW	C	0.07%	0.07%	0.07%
	GM	C	0.11%	0.23%	0.11%
	GNRC	D	0.02%	0.02%	0.02%
	GOOG	D	3.81%	0.09%	0.09%
	GPC	D	0.04%	0.21%	0.04%
	GPN	D	0.07%	0.05%	0.05%
	GRMN	D	0.07%	0.4%	0.07%
	GS	C	0.37%	0.02%	0.02%
	GWW	B	0.1%	0.3%	0.1%
	HAL	F	0.06%	0.02%	0.02%
	HBAN	B	0.05%	0.09%	0.05%
	HCA	B	0.18%	0.11%	0.11%
	HD	B	0.85%	0.09%	0.09%
	HES	F	0.09%	0.03%	0.03%
	HIG	B	0.08%	0.38%	0.08%
	HII	D	0.02%	0.23%	0.02%
	HOLX	B	0.05%	0.04%	0.04%
	HON	D	0.31%	0.05%	0.05%
	HPE	D	0.04%	0.22%	0.04%
	HPQ	D	0.07%	0.16%	0.07%
	HRL	C	0.02%	0.03%	0.02%
	HSIC	C	0.02%	0.01%	0.01%
	HST	C	0.03%	0.16%	0.03%
	HSY	C	0.07%	0.04%	0.04%
	HUBB	B	0.05%	0.1%	0.05%
	HUM	F	0.1%	0.52%	0.1%
	HWM	B	0.09%	0.1%	0.09%
	IBM	B	0.45%	0.33%	0.33%
	ICE	C	0.21%	0.05%	0.05%
	IDXX	C	0.09%	0.08%	0.08%
	IEX	D	0.04%	0.08%	0.04%
	IFF	B	0.06%	0.05%	0.05%
	INCY	C	0.03%	0.03%	0.03%
	INTC	F	0.19%	0.01%	0.01%
	INTU	C	0.41%	0.24%	0.24%
	INVH	C	0.05%	0.04%	0.04%
	IP	B	0.04%	0.28%	0.04%
	IPG	C	0.03%	0.08%	0.03%
	IQV	C	0.1%	0.06%	0.06%
	IR	C	0.09%	0.15%	0.09%
	IRM	C	0.07%	0.06%	0.06%
	ISRG	B	0.38%	0.07%	0.07%
	IT	B	0.09%	0.34%	0.09%
	ITW	C	0.16%	0.11%	0.11%
	IVZ	B	0.02%	0.01%	0.01%
	J	C	0.04%	0.24%	0.04%
	JBHT	D	0.03%	0.08%	0.03%
	JBL	D	0.03%	0.46%	0.03%
	JCI	B	0.11%	0.12%	0.11%
	JKHY	B	0.03%	0.08%	0.03%
	JNJ	C	0.94%	0.06%	0.06%
	JNPR	B	0.03%	0.08%	0.03%
	JPM	D	1.48%	0.01%	0.01%
	K	B	0.05%	0.18%	0.05%
	KDP	B	0.09%	0.07%	0.07%
	KEY	B	0.04%	0.06%	0.04%
	KEYS	C	0.06%	0.19%	0.06%
	KHC	C	0.07%	0.12%	0.07%
	KIM	C	0.04%	0.03%	0.03%
	KLAC	D	0.21%	0.34%	0.21%
	KMB	D	0.11%	0.22%	0.11%
	KMI	B	0.09%	0.11%	0.09%
	KMX	D	0.03%	0.02%	0.02%
	KO	C	0.65%	0.04%	0.04%
	KR	C	0.09%	0.55%	0.09%
	KVUE	C	0.11%	0.07%	0.07%
	L	C	0.03%	0.18%	0.03%
	LDOS	B	0.05%	0.65%	0.05%
	LEN	B	0.11%	0.55%	0.11%
	LEN	B	0.11%	0.03%	0.03%
	LHX	C	0.1%	0.06%	0.06%
	LIN	B	0.53%	0.09%	0.09%
	LKQ	F	0.02%	0.05%	0.02%
	LLY	C	1.65%	0.01%	0.01%
	LMT	C	0.29%	0.12%	0.12%
	LNT	B	0.04%	0.09%	0.04%
	LOW	B	0.34%	0.13%	0.13%
	LRCX	F	0.21%	0.25%	0.21%
	LULU	D	0.07%	0.05%	0.05%
	LUV	C	0.04%	0.17%	0.04%
	LVS	D	0.03%	0.02%	0.02%
	LW	D	0.02%	0.01%	0.01%
	LYB	D	0.06%	0.12%	0.06%
	LYV	B	0.03%	0.05%	0.03%
	MA	B	0.96%	0.02%	0.02%
	MAA	B	0.04%	0.05%	0.04%
	MAR	C	0.13%	0.13%	0.13%
	MAS	B	0.04%	0.28%	0.04%
	MCHP	F	0.1%	0.12%	0.1%
	MCK	F	0.15%	1.04%	0.15%
	MCO	B	0.17%	0.2%	0.17%
	MDLZ	B	0.24%	0.11%	0.11%
	MDT	C	0.28%	0.07%	0.07%
	MET	B	0.11%	0.08%	0.08%
	META	B	2.49%	0.08%	0.08%
	MGM	F	0.02%	0.0%	0.0%
	MHK	C	0.02%	0.05%	0.02%
	MKC	C	0.05%	0.02%	0.02%
	MKTX	C	0.02%	0.03%	0.02%
	MLM	D	0.08%	0.14%	0.08%
	MMC	C	0.26%	0.25%	0.25%
	MNST	D	0.09%	0.04%	0.04%
	MO	C	0.22%	0.54%	0.22%
	MOH	D	0.05%	0.39%	0.05%
	MOS	F	0.02%	0.01%	0.01%
	MPC	F	0.15%	0.18%	0.15%
	MPWR	C	0.09%	0.19%	0.09%
	MRK	D	0.66%	0.03%	0.03%
	MRO	C	0.04%	0.07%	0.04%
	MSFT	C	7.0%	0.2%	0.2%
	MSI	B	0.17%	0.32%	0.17%
	MTB	B	0.07%	0.12%	0.07%
	NDAQ	A	0.06%	0.1%	0.06%
	NDSN	C	0.03%	0.05%	0.03%
	NEE	C	0.44%	0.08%	0.08%
	NFLX	B	0.69%	0.03%	0.03%
	NI	B	0.03%	0.19%	0.03%
	NKE	D	0.23%	0.05%	0.05%
	NOC	B	0.18%	0.08%	0.08%
	NOW	B	0.39%	0.18%	0.18%
	NRG	C	0.04%	0.29%	0.04%
	NSC	C	0.14%	0.06%	0.06%
	NTAP	D	0.05%	0.52%	0.05%
	NTRS	A	0.04%	0.06%	0.04%
	NUE	F	0.09%	0.35%	0.09%
	NVDA	D	6.04%	0.07%	0.07%
	NVR	B	0.07%	0.48%	0.07%
	NWSA	D	0.03%	0.12%	0.03%
	O	C	0.13%	0.01%	0.01%
	ODFL	D	0.08%	0.17%	0.08%
	OMC	B	0.05%	0.25%	0.05%
	ON	D	0.07%	0.01%	0.01%
	ORCL	C	0.5%	0.01%	0.01%
	OXY	F	0.08%	0.01%	0.01%
	PANW	D	0.24%	0.11%	0.11%
	PAYC	D	0.02%	0.16%	0.02%
	PAYX	C	0.1%	0.19%	0.1%
	PCAR	D	0.12%	0.4%	0.12%
	PCG	C	0.1%	0.05%	0.05%
	PEG	B	0.1%	0.4%	0.1%
	PEP	C	0.6%	0.05%	0.05%
	PFG	B	0.04%	0.04%	0.04%
	PG	C	0.95%	0.04%	0.04%
	PGR	B	0.36%	0.35%	0.35%
	PH	B	0.18%	0.02%	0.02%
	PHM	B	0.07%	0.68%	0.07%
	PKG	B	0.04%	0.26%	0.04%
	PLD	C	0.28%	0.02%	0.02%
	PNC	B	0.17%	0.11%	0.11%
	PNR	B	0.03%	0.15%	0.03%
	PNW	C	0.02%	0.1%	0.02%
	POOL	C	0.03%	0.13%	0.03%
	PPG	D	0.07%	0.05%	0.05%
	PPL	C	0.06%	0.18%	0.06%
	PRU	C	0.1%	0.09%	0.09%
	PSA	B	0.13%	0.21%	0.13%
	PSX	F	0.13%	0.12%	0.12%
	PTC	D	0.05%	0.05%	0.05%
	PWR	B	0.09%	0.15%	0.09%
	PYPL	B	0.18%	0.13%	0.13%
	QCOM	D	0.41%	0.16%	0.16%
	QRVO	F	0.02%	0.14%	0.02%
	REG	C	0.03%	0.03%	0.03%
	REGN	C	0.27%	0.25%	0.25%
	RF	B	0.05%	0.08%	0.05%
	RJF	C	0.05%	0.02%	0.02%
	RL	C	0.02%	0.25%	0.02%
	ROK	D	0.07%	0.13%	0.07%
	ROL	C	0.03%	0.16%	0.03%
	ROP	C	0.13%	0.12%	0.12%
	ROST	C	0.12%	0.25%	0.12%
	RSG	D	0.1%	0.22%	0.1%
	RTX	C	0.38%	0.07%	0.07%
	SCHW	D	0.21%	0.03%	0.03%
	SHW	B	0.21%	0.17%	0.17%
	SJM	C	0.03%	0.03%	0.03%
	SLB	F	0.14%	0.04%	0.04%
	SMCI	F	0.05%	0.01%	0.01%
	SNA	C	0.03%	0.29%	0.03%
	SNPS	D	0.17%	0.24%	0.17%
	SO	B	0.23%	0.16%	0.16%
	SOLV	C	0.02%	0.36%	0.02%
	SPG	B	0.12%	0.12%	0.12%
	SPGI	B	0.38%	0.06%	0.06%
	SRE	C	0.12%	0.22%	0.12%
	STE	C	0.06%	0.09%	0.06%
	STLD	F	0.04%	0.27%	0.04%
	STT	A	0.06%	0.04%	0.04%
	STZ	D	0.09%	0.07%	0.07%
	SWK	B	0.04%	0.03%	0.03%
	SWKS	D	0.03%	0.39%	0.03%
	SYF	C	0.04%	0.23%	0.04%
	SYK	C	0.29%	0.07%	0.07%
	SYY	D	0.09%	0.23%	0.09%
	T	C	0.37%	0.27%	0.27%
	TAP	D	0.02%	0.09%	0.02%
	TDY	B	0.05%	0.06%	0.05%
	TER	D	0.04%	0.15%	0.04%
	TFC	C	0.13%	0.03%	0.03%
	TFX	C	0.03%	0.03%	0.03%
	TGT	C	0.17%	0.17%	0.17%
	TJX	B	0.3%	0.31%	0.3%
	TMO	B	0.55%	0.04%	0.04%
	TMUS	C	0.25%	0.07%	0.07%
	TPR	C	0.02%	0.11%	0.02%
	TRMB	C	0.03%	0.02%	0.02%
	TROW	D	0.05%	0.16%	0.05%
	TRV	C	0.13%	0.25%	0.13%
	TSCO	C	0.07%	0.41%	0.07%
	TSN	C	0.04%	0.3%	0.04%
	TT	B	0.19%	0.21%	0.19%
	TXN	C	0.41%	0.09%	0.09%
	TXT	D	0.04%	0.18%	0.04%
	TYL	C	0.06%	0.12%	0.06%
	UAL	C	0.04%	0.0%	0.0%
	UBER	C	0.29%	0.01%	0.01%
	UDR	C	0.03%	0.04%	0.03%
	UHS	B	0.03%	0.24%	0.03%
	ULTA	D	0.04%	0.11%	0.04%
	UNH	C	1.28%	0.06%	0.06%
	UNP	C	0.37%	0.05%	0.05%
	UPS	D	0.22%	0.06%	0.06%
	URI	B	0.12%	0.18%	0.12%
	USB	B	0.17%	0.08%	0.08%
	V	C	1.07%	0.03%	0.03%
	VICI	C	0.08%	0.11%	0.08%
	VLO	F	0.11%	0.18%	0.11%
	VLTO	C	0.06%	0.08%	0.06%
	VMC	D	0.08%	0.11%	0.08%
	VRSK	D	0.09%	0.11%	0.09%
	VRTX	D	0.28%	0.15%	0.15%
	VST	C	0.07%	0.47%	0.07%
	VTRS	D	0.03%	0.2%	0.03%
	VZ	B	0.45%	0.25%	0.25%
	WAB	B	0.07%	0.16%	0.07%
	WBD	D	0.04%	0.04%	0.04%
	WEC	C	0.07%	0.13%	0.07%
	WELL	C	0.17%	0.01%	0.01%
	WFC	D	0.45%	0.04%	0.04%
	WM	D	0.19%	0.22%	0.19%
	WMB	B	0.13%	0.2%	0.13%
	WMT	C	0.79%	0.06%	0.06%
	WRB	C	0.04%	0.31%	0.04%
	WST	D	0.05%	0.13%	0.05%
	WTW	C	0.07%	0.09%	0.07%
	WY	C	0.05%	0.07%	0.05%
	XEL	B	0.08%	0.17%	0.08%
	XOM	C	1.24%	0.04%	0.04%
	XYL	C	0.08%	0.0%	0.0%
	ZBH	F	0.06%	0.03%	0.03%
	ZBRA	B	0.04%	0.01%	0.01%
	ZTS	C	0.2%	0.06%	0.06%

QVML Overweight 19 Positions Relative to DEUS

	Symbol	Grade	Weight
	MS	D	0.29%
	MU	F	0.2%
	NXPI	F	0.13%
	OKE	B	0.12%
	TEL	D	0.11%
	RCL	B	0.09%
	TRGP	B	0.07%
	VTR	C	0.06%
	WDC	D	0.05%
	MRNA	F	0.05%
	CCL	C	0.04%
	SW	B	0.03%
	EQT	D	0.03%
	WBA	F	0.02%
	BIO	C	0.02%
	NCLH	C	0.02%
	CZR	C	0.02%
	APA	F	0.02%
	PARA	F	0.01%

QVML Underweight 406 Positions Relative to DEUS

	Symbol	Grade	Weight
	GDDY	C	-0.56%
	CASY	D	-0.54%
	RNR	C	-0.5%
	MKL	C	-0.41%
	BJ	D	-0.4%
	UTHR	C	-0.39%
	EME	B	-0.38%
	FTNT	C	-0.36%
	INGR	B	-0.34%
	AZO	D	-0.34%
	RS	D	-0.33%
	HRB	C	-0.33%
	OC	D	-0.32%
	KNSL	C	-0.31%
	CACI	B	-0.3%
	MUSA	D	-0.3%
	ALSN	B	-0.29%
	SKX	D	-0.28%
	ORLY	C	-0.28%
	SAIC	C	-0.26%
	HLI	B	-0.26%
	COKE	C	-0.25%
	MTG	B	-0.25%
	CNM	F	-0.25%
	GNTX	F	-0.25%
	CRUS	D	-0.24%
	TOL	B	-0.24%
	FCNCA	D	-0.24%
	DBX	D	-0.23%
	ITT	B	-0.23%
	EXP	B	-0.23%
	CSL	B	-0.22%
	WSM	D	-0.22%
	EVR	A	-0.21%
	AYI	B	-0.2%
	AMG	C	-0.2%
	LII	B	-0.2%
	NFG	B	-0.19%
	FIX	B	-0.19%
	EHC	C	-0.19%
	HLT	B	-0.19%
	LPLA	D	-0.19%
	TXRH	C	-0.19%
	WSO	C	-0.18%
	OSK	F	-0.18%
	DOX	C	-0.18%
	SNX	D	-0.18%
	BRBR	C	-0.18%
	SSD	D	-0.18%
	MANH	B	-0.18%
	FYBR	C	-0.18%
	PSN	B	-0.17%
	DKS	D	-0.17%
	SEIC	C	-0.17%
	CW	B	-0.17%
	LAMR	B	-0.17%
	PRI	B	-0.16%
	GILD	B	-0.16%
	LOPE	D	-0.16%
	RPM	B	-0.16%
	TW	B	-0.16%
	ORI	B	-0.16%
	NYT	C	-0.16%
	BAH	C	-0.16%
	DCI	C	-0.15%
	PM	C	-0.15%
	DELL	D	-0.15%
	DTM	B	-0.15%
	WU	F	-0.15%
	EXEL	C	-0.15%
	CHK	D	-0.15%
	MSCI	C	-0.14%
	CR	C	-0.14%
	NEU	D	-0.14%
	VVV	D	-0.14%
	LECO	F	-0.14%
	OGE	C	-0.14%
	JHG	B	-0.14%
	ATR	B	-0.14%
	R	A	-0.13%
	WDAY	D	-0.13%
	POST	C	-0.13%
	FICO	B	-0.13%
	FNF	B	-0.12%
	RGA	C	-0.12%
	AWI	B	-0.12%
	IWB	B	-0.12%
	CUBE	B	-0.12%
	OTIS	C	-0.12%
	RLI	B	-0.12%
	AGO	C	-0.12%
	NBIX	F	-0.12%
	ACI	F	-0.11%
	AON	B	-0.11%
	KEX	C	-0.11%
	AAON	B	-0.11%
	APD	B	-0.11%
	CLH	A	-0.11%
	UHAL	A	-0.1%
	CHE	C	-0.1%
	MEDP	F	-0.1%
	APO	C	-0.1%
	BLD	D	-0.1%
	DLB	D	-0.1%
	AMGN	B	-0.1%
	AFG	B	-0.1%
	BWXT	D	-0.1%
	ARMK	B	-0.1%
	DINO	F	-0.1%
	NXST	D	-0.1%
	IBKR	B	-0.1%
	YUM	D	-0.1%
	RGLD	C	-0.1%
	COLM	C	-0.1%
	SSNC	B	-0.1%
	TTEK	C	-0.09%
	MDU	C	-0.09%
	SBUX	C	-0.09%
	EWBC	D	-0.09%
	GOOGL	D	-0.09%
	UNM	B	-0.09%
	MAT	C	-0.09%
	SCI	B	-0.09%
	FLO	C	-0.09%
	FND	C	-0.09%
	CRI	D	-0.08%
	GGG	C	-0.08%
	ONTO	D	-0.08%
	OLED	C	-0.08%
	OLLI	C	-0.08%
	RMD	C	-0.08%
	FLS	D	-0.08%
	AXS	B	-0.08%
	VEEV	C	-0.08%
	CIEN	C	-0.08%
	RHI	D	-0.08%
	GPK	B	-0.08%
	SAIA	D	-0.08%
	ACM	B	-0.08%
	JLL	B	-0.08%
	LSTR	D	-0.07%
	USFD	B	-0.07%
	HOG	C	-0.07%
	MTD	D	-0.07%
	VSTS	D	-0.07%
	ESAB	C	-0.07%
	WWD	D	-0.07%
	PVH	F	-0.07%
	MMM	B	-0.07%
	CCK	A	-0.07%
	BURL	B	-0.07%
	AVTR	B	-0.07%
	CPNG	B	-0.07%
	AES	C	-0.07%
	GO	F	-0.06%
	MSM	D	-0.06%
	FOX	B	-0.06%
	SN	B	-0.06%
	OZK	D	-0.06%
	NNN	C	-0.06%
	WPC	C	-0.06%
	VNT	F	-0.06%
	NVT	D	-0.06%
	AMKR	F	-0.06%
	TPL	B	-0.06%
	JAZZ	D	-0.06%
	GWRE	A	-0.06%
	LEA	F	-0.06%
	MCD	B	-0.05%
	VRSN	D	-0.05%
	THO	D	-0.05%
	PPC	D	-0.05%
	WING	B	-0.05%
	ALK	C	-0.05%
	SPOT	B	-0.05%
	MTZ	B	-0.05%
	CCI	C	-0.05%
	SITE	C	-0.05%
	PNFP	B	-0.05%
	FCN	D	-0.05%
	RPRX	C	-0.05%
	WLK	D	-0.05%
	OGN	D	-0.05%
	ELS	C	-0.05%
	TREX	D	-0.05%
	BMY	C	-0.05%
	AWK	B	-0.05%
	LNG	C	-0.05%
	EEFT	D	-0.05%
	PSTG	F	-0.05%
	ESI	D	-0.05%
	SON	C	-0.05%
	SF	A	-0.05%
	LSCC	D	-0.05%
	WMS	D	-0.05%
	AAP	F	-0.05%
	GTES	C	-0.05%
	WTRG	D	-0.05%
	SBAC	C	-0.05%
	NWL	C	-0.04%
	BFAM	C	-0.04%
	OLN	D	-0.04%
	AXTA	B	-0.04%
	ARW	C	-0.04%
	REYN	C	-0.04%
	FTRE	D	-0.04%
	VIRT	C	-0.04%
	FHN	D	-0.04%
	BRKR	D	-0.04%
	IDA	C	-0.04%
	RBC	C	-0.04%
	NSA	B	-0.04%
	PRGO	D	-0.04%
	ZION	D	-0.04%
	DASH	C	-0.04%
	BPOP	C	-0.04%
	NWS	D	-0.04%
	CBSH	C	-0.04%
	MTSI	D	-0.04%
	EQH	C	-0.04%
	TDC	F	-0.04%
	SLGN	B	-0.04%
	MORN	C	-0.04%
	ENTG	F	-0.04%
	ARES	B	-0.04%
	AZEK	C	-0.04%
	BERY	B	-0.04%
	MAN	C	-0.04%
	TKR	D	-0.04%
	CRBG	D	-0.04%
	WEX	C	-0.04%
	WFRD	F	-0.04%
	AMH	C	-0.04%
	MRVL	C	-0.03%
	KKR	B	-0.03%
	AMED	C	-0.03%
	LFUS	C	-0.03%
	GAP	F	-0.03%
	CRWD	D	-0.03%
	AGCO	D	-0.03%
	STAG	C	-0.03%
	VOYA	B	-0.03%
	DT	C	-0.03%
	KRC	B	-0.03%
	GLPI	C	-0.03%
	MTCH	C	-0.03%
	KBR	D	-0.03%
	FIS	B	-0.03%
	SLM	D	-0.03%
	PCOR	F	-0.03%
	SPB	C	-0.03%
	FTI	D	-0.03%
	MSGS	B	-0.03%
	TEAM	D	-0.03%
	HXL	F	-0.03%
	FNB	C	-0.03%
	CACC	F	-0.03%
	SNV	C	-0.03%
	APG	D	-0.03%
	BC	C	-0.03%
	CHH	C	-0.03%
	TPG	B	-0.03%
	MTN	D	-0.03%
	H	C	-0.03%
	TECH	C	-0.03%
	FR	B	-0.03%
	TRU	B	-0.03%
	QGEN	C	-0.03%
	EGP	B	-0.03%
	WTFC	B	-0.03%
	TTC	D	-0.03%
	GLOB	D	-0.03%
	G	C	-0.03%
	VRT	C	-0.03%
	HIW	B	-0.03%
	BRX	B	-0.03%
	WBS	D	-0.03%
	CMA	B	-0.03%
	KNX	C	-0.02%
	LBRDK	F	-0.02%
	OWL	C	-0.02%
	NOV	F	-0.02%
	KD	D	-0.02%
	ATI	C	-0.02%
	MASI	F	-0.02%
	WHR	D	-0.02%
	STWD	B	-0.02%
	HUN	D	-0.02%
	IPGP	F	-0.02%
	CACC	F	-0.02%
	DOCU	C	-0.02%
	RYAN	D	-0.02%
	WSC	D	-0.02%
	OMF	D	-0.02%
	CNH	D	-0.02%
	AMT	C	-0.02%
	SCCO	D	-0.02%
	FAF	B	-0.02%
	PCTY	C	-0.02%
	PINC	C	-0.02%
	HUBS	D	-0.02%
	FHB	D	-0.02%
	WAT	C	-0.02%
	CHDN	C	-0.02%
	RRX	C	-0.02%
	RYN	C	-0.02%
	SAM	F	-0.02%
	THC	A	-0.02%
	THG	B	-0.02%
	AN	D	-0.02%
	AM	C	-0.02%
	WH	B	-0.02%
	YETI	D	-0.02%
	VMI	D	-0.02%
	TDG	B	-0.02%
	DXC	C	-0.02%
	PB	B	-0.02%
	WCC	D	-0.02%
	EQIX	C	-0.02%
	ALLY	F	-0.02%
	SMG	C	-0.02%
	MSA	D	-0.02%
	TNL	D	-0.02%
	SRCL	A	-0.02%
	ASH	D	-0.02%
	COLB	B	-0.02%
	ELF	F	-0.01%
	CGNX	F	-0.01%
	CTLT	B	-0.01%
	SNOW	F	-0.01%
	WAL	B	-0.01%
	HEI	B	-0.01%
	TRIP	F	-0.01%
	PII	D	-0.01%
	M	F	-0.01%
	CC	F	-0.01%
	DDS	F	-0.01%
	SEB	D	-0.01%
	BOKF	B	-0.01%
	ZI	D	-0.01%
	CLVT	D	-0.01%
	TPX	C	-0.01%
	CIVI	F	-0.01%
	OKTA	F	-0.01%
	INFA	D	-0.01%
	CROX	D	-0.01%
	WYNN	D	-0.01%
	BMRN	F	-0.01%
	JEF	B	-0.01%
	APPF	D	-0.01%
	XRAY	D	-0.01%
	CNA	C	-0.01%
	AGR	B	-0.01%
	TTWO	C	-0.01%
	CLF	F	-0.01%
	HAS	B	-0.01%
	SNDR	B	-0.01%
	DDOG	D	-0.01%
	TOST	C	-0.01%
	DNB	C	-0.01%
	UAA	C	-0.01%
	REXR	C	-0.01%
	ZS	F	-0.01%
	OHI	B	-0.01%
	LITE	B	-0.01%
	NTNX	C	-0.01%
	CWEN	C	-0.01%
	IAC	C	-0.01%
	NU	B	-0.01%
	RGEN	F	-0.01%
	HEI	B	-0.01%
	EL	F	-0.01%
	UHAL	A	-0.01%
	SMAR	C	-0.01%
	SEE	D	-0.01%
	LPX	B	-0.01%
	ST	D	-0.01%
	MIDD	D	-0.01%
	UA	D	-0.01%
	ADC	C	-0.01%
	ZM	C	-0.01%
	DV	F	-0.01%
	APP	C	-0.01%
	BSY	D	-0.01%
	CUZ	B	-0.01%
	UGI	C	-0.01%
	FRPT	B	-0.01%
	GXO	D	-0.01%
	XPO	D	-0.01%
	VFC	C	-0.01%
	DXCM	F	-0.01%
	X	F	-0.01%
	PINS	F	-0.01%
	WTM	D	-0.01%
	PAG	D	-0.01%
	ACHC	C	-0.01%
	FIVE	D	-0.01%
	VNO	B	-0.01%
	CFR	C	-0.01%
	AVT	C	-0.0%
	GFS	F	-0.0%
	RH	B	-0.0%
	MKSI	F	-0.0%
	AZTA	F	-0.0%
	HAYW	C	-0.0%
	TTD	B	-0.0%

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Oil & Gas E&P Asset Management Banks - Regional - US Packaged Foods Capital Markets Diagnostics & Research Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies REIT - Residential Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Electronics Dow Jones Component Aerospace Real Estate Investment Trust Bank Chemical Semiconductor Banking Telecommunications Insurance Products Petroleum Industry Investment Bank Medicine Plastic

DEUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Asset Management Business Services Semiconductors Capital Markets Insurance - Property & Casualty Packaged Foods Specialty Chemicals Specialty Retail Software - Infrastructure Diagnostics & Research Information Technology Services Packaging & Containers Aerospace & Defense Biotechnology Building Materials Credit Services

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Computing Electronics Bank Banking Electricity Chemical Aerospace Real Estate Investment Trust Mining Semiconductor Telecommunications Dow Jones Component Insurance Products Plastic Beverage Cloud Computing