QVML vs. KOKU ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to Xtrackers MSCI Kokusai Equity ETF (KOKU)

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

KOKU

Xtrackers MSCI Kokusai Equity ETF

KOKU Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of issuers from developed markets (excluding Japan). The index is designed to track the performance of equity markets in developed markets (excluding Japan). It is non-diversified.

Grade (RS Rating)

Last Trade

$100.39

Average Daily Volume

1,528

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

Performance

Period	QVML	KOKU
30 Days	2.09%	2.31%
60 Days	3.90%	4.62%
90 Days	4.37%	5.41%
12 Months	32.66%	27.29%

431 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in KOKU	Overlap
	A	C	0.09%	0.06%	0.06%
	AAPL	C	6.84%	4.98%	4.98%
	ABBV	C	0.78%	0.14%	0.14%
	ABBV	C	0.78%	0.53%	0.53%
	ABNB	D	0.12%	0.08%	0.08%
	ABT	C	0.47%	0.31%	0.31%
	ACGL	C	0.1%	0.06%	0.06%
	ACN	C	0.51%	0.34%	0.34%
	ADBE	F	0.6%	0.37%	0.37%
	ADI	C	0.25%	0.17%	0.17%
	ADM	D	0.08%	0.05%	0.05%
	ADP	B	0.27%	0.18%	0.18%
	ADSK	C	0.12%	0.09%	0.09%
	AEE	C	0.05%	0.03%	0.03%
	AEP	C	0.13%	0.08%	0.08%
	AFL	C	0.14%	0.09%	0.09%
	AIG	D	0.13%	0.07%	0.07%
	AIZ	B	0.02%	0.02%	0.02%
	AJG	D	0.15%	0.1%	0.1%
	AKAM	D	0.04%	0.02%	0.02%
	ALB	D	0.03%	0.01%	0.01%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	B	0.12%	0.08%	0.08%
	ALLE	B	0.03%	0.02%	0.02%
	AMAT	D	0.32%	0.24%	0.24%
	AMCR	B	0.04%	0.02%	0.02%
	AMD	D	0.59%	0.38%	0.38%
	AME	C	0.09%	0.06%	0.06%
	AMP	A	0.1%	0.07%	0.07%
	AMZN	C	3.79%	2.68%	2.68%
	ANET	B	0.2%	0.15%	0.15%
	ANSS	D	0.06%	0.04%	0.04%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.02%	0.01%	0.01%
	APH	D	0.17%	0.12%	0.12%
	APTV	D	0.05%	0.03%	0.03%
	ARE	C	0.05%	0.03%	0.03%
	ATO	B	0.05%	0.03%	0.03%
	AVB	B	0.08%	0.06%	0.06%
	AVGO	C	1.51%	1.14%	1.14%
	AVY	C	0.04%	0.03%	0.03%
	AXON	B	0.06%	0.04%	0.04%
	AXP	B	0.37%	0.23%	0.23%
	BAC	D	0.63%	0.42%	0.42%
	BALL	C	0.05%	0.03%	0.03%
	BAX	C	0.05%	0.03%	0.03%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.04%	0.03%	0.03%
	BDX	D	0.16%	0.11%	0.11%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIO	C	0.02%	0.01%	0.01%
	BK	B	0.12%	0.08%	0.08%
	BKNG	C	0.31%	0.2%	0.2%
	BKR	C	0.08%	0.05%	0.05%
	BLDR	C	0.05%	0.03%	0.03%
	BLK	B	0.29%	0.2%	0.2%
	BR	D	0.06%	0.04%	0.04%
	BRK.A	C	1.95%	0.91%	0.91%
	BRO	C	0.06%	0.04%	0.04%
	BSX	B	0.28%	0.19%	0.19%
	BX	B	0.24%	0.16%	0.16%
	BXP	B	0.03%	0.02%	0.02%
	C	C	0.27%	0.17%	0.17%
	CAG	C	0.04%	0.02%	0.02%
	CAH	C	0.06%	0.04%	0.04%
	CARR	B	0.14%	0.1%	0.1%
	CAT	B	0.42%	0.26%	0.26%
	CB	B	0.28%	0.18%	0.18%
	CBOE	C	0.05%	0.03%	0.03%
	CBRE	A	0.08%	0.05%	0.05%
	CCL	C	0.04%	0.03%	0.03%
	CDNS	D	0.16%	0.11%	0.11%
	CDW	D	0.07%	0.04%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	C	0.14%	0.1%	0.1%
	CF	C	0.04%	0.02%	0.02%
	CFG	C	0.04%	0.03%	0.03%
	CHD	D	0.06%	0.04%	0.04%
	CHRW	B	0.03%	0.02%	0.02%
	CHTR	D	0.08%	0.05%	0.05%
	CI	C	0.25%	0.15%	0.15%
	CINF	B	0.05%	0.03%	0.03%
	CL	D	0.2%	0.13%	0.13%
	CLX	C	0.05%	0.03%	0.03%
	CMCSA	D	0.39%	0.24%	0.24%
	CME	C	0.19%	0.12%	0.12%
	CMG	C	0.18%	0.12%	0.12%
	CMI	C	0.1%	0.06%	0.06%
	CMS	C	0.05%	0.03%	0.03%
	CNC	D	0.1%	0.06%	0.06%
	CNP	C	0.04%	0.03%	0.03%
	COF	B	0.12%	0.09%	0.09%
	COP	D	0.29%	0.19%	0.19%
	COST	B	0.91%	0.62%	0.62%
	CPAY	B	0.06%	0.03%	0.03%
	CPB	C	0.03%	0.01%	0.01%
	CPRT	D	0.1%	0.07%	0.07%
	CPT	B	0.03%	0.02%	0.02%
	CRL	F	0.02%	0.02%	0.02%
	CRM	D	0.57%	0.38%	0.38%
	CSCO	C	0.48%	0.31%	0.31%
	CSGP	D	0.07%	0.05%	0.05%
	CSX	D	0.16%	0.1%	0.1%
	CTAS	B	0.16%	0.12%	0.12%
	CTRA	D	0.04%	0.03%	0.03%
	CTSH	C	0.09%	0.06%	0.06%
	CTVA	B	0.1%	0.06%	0.06%
	CVS	D	0.17%	0.11%	0.11%
	CVX	D	0.6%	0.38%	0.38%
	D	C	0.12%	0.07%	0.07%
	DAL	C	0.07%	0.01%	0.01%
	DAY	D	0.02%	0.01%	0.01%
	DD	B	0.08%	0.05%	0.05%
	DE	B	0.24%	0.16%	0.16%
	DECK	C	0.06%	0.04%	0.04%
	DFS	B	0.08%	0.05%	0.05%
	DG	F	0.05%	0.03%	0.03%
	DGX	B	0.04%	0.02%	0.02%
	DHI	B	0.14%	0.09%	0.09%
	DHR	B	0.41%	0.29%	0.29%
	DIS	D	0.4%	0.25%	0.25%
	DLR	B	0.12%	0.08%	0.08%
	DLTR	F	0.04%	0.02%	0.02%
	DOC	C	0.04%	0.02%	0.02%
	DOV	B	0.06%	0.04%	0.04%
	DOW	D	0.08%	0.05%	0.05%
	DPZ	F	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.03%	0.03%
	DTE	C	0.06%	0.04%	0.04%
	DUK	C	0.21%	0.14%	0.14%
	DVA	B	0.02%	0.02%	0.02%
	DVN	F	0.06%	0.04%	0.04%
	EA	D	0.08%	0.06%	0.06%
	EBAY	B	0.08%	0.05%	0.05%
	ECL	B	0.14%	0.1%	0.1%
	ED	C	0.09%	0.06%	0.06%
	EFX	B	0.08%	0.06%	0.06%
	EG	C	0.04%	0.02%	0.02%
	EIX	C	0.08%	0.05%	0.05%
	ELV	C	0.3%	0.2%	0.2%
	EMN	B	0.03%	0.02%	0.02%
	EMR	D	0.14%	0.09%	0.09%
	EOG	D	0.17%	0.1%	0.1%
	EPAM	F	0.03%	0.02%	0.02%
	EQR	B	0.06%	0.04%	0.04%
	EQT	D	0.03%	0.03%	0.03%
	ES	C	0.06%	0.04%	0.04%
	ESS	B	0.05%	0.03%	0.03%
	ETN	C	0.29%	0.18%	0.18%
	ETR	B	0.06%	0.05%	0.05%
	EVRG	B	0.03%	0.02%	0.02%
	EW	F	0.1%	0.06%	0.06%
	EXC	C	0.1%	0.06%	0.06%
	EXPD	C	0.04%	0.03%	0.03%
	EXPE	C	0.04%	0.03%	0.03%
	EXR	B	0.09%	0.06%	0.06%
	F	F	0.1%	0.06%	0.06%
	FANG	D	0.08%	0.04%	0.04%
	FAST	C	0.1%	0.06%	0.06%
	FCX	D	0.15%	0.1%	0.1%
	FDS	C	0.04%	0.03%	0.03%
	FDX	C	0.16%	0.1%	0.1%
	FE	C	0.06%	0.04%	0.04%
	FFIV	B	0.03%	0.02%	0.02%
	FITB	B	0.07%	0.04%	0.04%
	FOXA	B	0.04%	0.02%	0.02%
	FSLR	C	0.05%	0.03%	0.03%
	FTV	C	0.06%	0.04%	0.04%
	GD	B	0.16%	0.11%	0.11%
	GE	B	0.44%	0.3%	0.3%
	GEHC	C	0.09%	0.05%	0.05%
	GEV	B	0.14%	0.09%	0.09%
	GIS	B	0.1%	0.07%	0.07%
	GLW	C	0.07%	0.05%	0.05%
	GM	C	0.11%	0.08%	0.08%
	GOOG	D	3.81%	1.23%	1.23%
	GPC	D	0.04%	0.03%	0.03%
	GPN	D	0.07%	0.04%	0.04%
	GRMN	D	0.07%	0.04%	0.04%
	GS	C	0.37%	0.24%	0.24%
	GWW	B	0.1%	0.07%	0.07%
	HAL	F	0.06%	0.04%	0.04%
	HBAN	B	0.05%	0.03%	0.03%
	HCA	B	0.18%	0.12%	0.12%
	HD	B	0.85%	0.58%	0.58%
	HES	F	0.09%	0.05%	0.05%
	HIG	B	0.08%	0.06%	0.06%
	HII	D	0.02%	0.01%	0.01%
	HOLX	B	0.05%	0.03%	0.03%
	HON	D	0.31%	0.21%	0.21%
	HPE	D	0.04%	0.03%	0.03%
	HPQ	D	0.07%	0.05%	0.05%
	HRL	C	0.02%	0.02%	0.02%
	HSIC	C	0.02%	0.01%	0.01%
	HST	C	0.03%	0.02%	0.02%
	HSY	C	0.07%	0.04%	0.04%
	HUBB	B	0.05%	0.03%	0.03%
	HUM	F	0.1%	0.06%	0.06%
	HWM	B	0.09%	0.06%	0.06%
	IBM	B	0.45%	0.31%	0.31%
	ICE	C	0.21%	0.14%	0.14%
	IDXX	C	0.09%	0.07%	0.07%
	IEX	D	0.04%	0.02%	0.02%
	IFF	B	0.06%	0.04%	0.04%
	INCY	C	0.03%	0.02%	0.02%
	INTC	F	0.19%	0.13%	0.13%
	INTU	C	0.41%	0.28%	0.28%
	INVH	C	0.05%	0.03%	0.03%
	IP	B	0.04%	0.03%	0.03%
	IPG	C	0.03%	0.02%	0.02%
	IQV	C	0.1%	0.06%	0.06%
	IR	C	0.09%	0.06%	0.06%
	IRM	C	0.07%	0.05%	0.05%
	ISRG	B	0.38%	0.27%	0.27%
	IT	B	0.09%	0.06%	0.06%
	ITW	C	0.16%	0.12%	0.12%
	J	C	0.04%	0.03%	0.03%
	JBHT	D	0.03%	0.02%	0.02%
	JBL	D	0.03%	0.02%	0.02%
	JCI	B	0.11%	0.07%	0.07%
	JKHY	B	0.03%	0.02%	0.02%
	JNJ	C	0.94%	0.61%	0.61%
	JNPR	B	0.03%	0.02%	0.02%
	JPM	D	1.48%	0.9%	0.9%
	K	B	0.05%	0.03%	0.03%
	KDP	B	0.09%	0.06%	0.06%
	KEY	B	0.04%	0.02%	0.02%
	KEYS	C	0.06%	0.04%	0.04%
	KHC	C	0.07%	0.05%	0.05%
	KIM	C	0.04%	0.02%	0.02%
	KLAC	D	0.21%	0.16%	0.16%
	KMB	D	0.11%	0.07%	0.07%
	KMI	B	0.09%	0.07%	0.07%
	KMX	D	0.03%	0.02%	0.02%
	KO	C	0.65%	0.45%	0.45%
	KR	C	0.09%	0.06%	0.06%
	KVUE	C	0.11%	0.07%	0.07%
	L	C	0.03%	0.02%	0.02%
	LDOS	B	0.05%	0.03%	0.03%
	LEN	B	0.11%	0.07%	0.07%
	LHX	C	0.1%	0.07%	0.07%
	LIN	B	0.53%	0.35%	0.35%
	LKQ	F	0.02%	0.01%	0.01%
	LLY	C	1.65%	1.14%	1.14%
	LMT	C	0.29%	0.19%	0.19%
	LNT	B	0.04%	0.02%	0.02%
	LOW	B	0.34%	0.22%	0.22%
	LRCX	F	0.21%	0.16%	0.16%
	LULU	D	0.07%	0.05%	0.05%
	LUV	C	0.04%	0.01%	0.01%
	LVS	D	0.03%	0.02%	0.02%
	LW	D	0.02%	0.01%	0.01%
	LYB	D	0.06%	0.03%	0.03%
	LYV	B	0.03%	0.03%	0.03%
	MA	B	0.96%	0.63%	0.63%
	MAA	B	0.04%	0.03%	0.03%
	MAR	C	0.13%	0.09%	0.09%
	MAS	B	0.04%	0.03%	0.03%
	MCHP	F	0.1%	0.06%	0.06%
	MCK	F	0.15%	0.11%	0.11%
	MCO	B	0.17%	0.12%	0.12%
	MDLZ	B	0.24%	0.15%	0.15%
	MDT	C	0.28%	0.19%	0.19%
	MET	B	0.11%	0.07%	0.07%
	META	B	2.49%	1.76%	1.76%
	MGM	F	0.02%	0.02%	0.02%
	MKC	C	0.05%	0.03%	0.03%
	MKTX	C	0.02%	0.01%	0.01%
	MLM	D	0.08%	0.05%	0.05%
	MMC	C	0.26%	0.17%	0.17%
	MNST	D	0.09%	0.06%	0.06%
	MO	C	0.22%	0.14%	0.14%
	MOH	D	0.05%	0.03%	0.03%
	MOS	F	0.02%	0.01%	0.01%
	MPC	F	0.15%	0.09%	0.09%
	MPWR	C	0.09%	0.07%	0.07%
	MRK	D	0.66%	0.45%	0.45%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	C	0.04%	0.03%	0.03%
	MS	D	0.29%	0.19%	0.19%
	MSFT	C	7.0%	4.67%	4.67%
	MSI	B	0.17%	0.11%	0.11%
	MTB	B	0.07%	0.04%	0.04%
	MU	F	0.2%	0.16%	0.16%
	NDAQ	A	0.06%	0.05%	0.05%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	C	0.44%	0.26%	0.26%
	NFLX	B	0.69%	0.46%	0.46%
	NI	B	0.03%	0.02%	0.02%
	NKE	D	0.23%	0.15%	0.15%
	NOC	B	0.18%	0.12%	0.12%
	NOW	B	0.39%	0.27%	0.27%
	NRG	C	0.04%	0.03%	0.03%
	NSC	C	0.14%	0.08%	0.08%
	NTAP	D	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.03%	0.03%
	NUE	F	0.09%	0.05%	0.05%
	NVDA	D	6.04%	4.51%	4.51%
	NVR	B	0.07%	0.05%	0.05%
	NWSA	D	0.03%	0.02%	0.02%
	NXPI	F	0.13%	0.09%	0.09%
	O	C	0.13%	0.08%	0.08%
	ODFL	D	0.08%	0.06%	0.06%
	OKE	B	0.12%	0.09%	0.09%
	OMC	B	0.05%	0.03%	0.03%
	ON	D	0.07%	0.05%	0.05%
	ORCL	C	0.5%	0.41%	0.41%
	OXY	F	0.08%	0.05%	0.05%
	PANW	D	0.24%	0.17%	0.17%
	PARA	F	0.01%	0.01%	0.01%
	PAYC	D	0.02%	0.01%	0.01%
	PAYX	C	0.1%	0.07%	0.07%
	PCAR	D	0.12%	0.08%	0.08%
	PCG	C	0.1%	0.06%	0.06%
	PEG	B	0.1%	0.07%	0.07%
	PEP	C	0.6%	0.37%	0.37%
	PFG	B	0.04%	0.03%	0.03%
	PG	C	0.95%	0.63%	0.63%
	PGR	B	0.36%	0.23%	0.23%
	PH	B	0.18%	0.12%	0.12%
	PHM	B	0.07%	0.05%	0.05%
	PKG	B	0.04%	0.03%	0.03%
	PLD	C	0.28%	0.19%	0.19%
	PNC	B	0.17%	0.11%	0.11%
	PNR	B	0.03%	0.02%	0.02%
	POOL	C	0.03%	0.02%	0.02%
	PPG	D	0.07%	0.04%	0.04%
	PPL	C	0.06%	0.04%	0.04%
	PRU	C	0.1%	0.06%	0.06%
	PSA	B	0.13%	0.09%	0.09%
	PSX	F	0.13%	0.08%	0.08%
	PTC	D	0.05%	0.03%	0.03%
	PWR	B	0.09%	0.06%	0.06%
	PYPL	B	0.18%	0.11%	0.11%
	QCOM	D	0.41%	0.29%	0.29%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	B	0.09%	0.06%	0.06%
	REG	C	0.03%	0.02%	0.02%
	REGN	C	0.27%	0.2%	0.2%
	RF	B	0.05%	0.03%	0.03%
	RJF	C	0.05%	0.03%	0.03%
	ROK	D	0.07%	0.04%	0.04%
	ROL	C	0.03%	0.02%	0.02%
	ROP	C	0.13%	0.09%	0.09%
	ROST	C	0.12%	0.08%	0.08%
	RSG	D	0.1%	0.07%	0.07%
	RTX	C	0.38%	0.24%	0.24%
	SCHW	D	0.21%	0.15%	0.15%
	SHW	B	0.21%	0.14%	0.14%
	SJM	C	0.03%	0.02%	0.02%
	SLB	F	0.14%	0.09%	0.09%
	SMCI	F	0.05%	0.04%	0.04%
	SNA	C	0.03%	0.02%	0.02%
	SNPS	D	0.17%	0.12%	0.12%
	SO	B	0.23%	0.15%	0.15%
	SOLV	C	0.02%	0.01%	0.01%
	SPG	B	0.12%	0.08%	0.08%
	SPGI	B	0.38%	0.25%	0.25%
	SRE	C	0.12%	0.08%	0.08%
	STE	C	0.06%	0.04%	0.04%
	STLD	F	0.04%	0.03%	0.03%
	STT	A	0.06%	0.04%	0.04%
	STZ	D	0.09%	0.06%	0.06%
	SW	B	0.03%	0.03%	0.03%
	SWK	B	0.04%	0.02%	0.02%
	SWKS	D	0.03%	0.03%	0.03%
	SYF	C	0.04%	0.03%	0.03%
	SYK	C	0.29%	0.19%	0.19%
	SYY	D	0.09%	0.06%	0.06%
	T	C	0.37%	0.23%	0.23%
	TAP	D	0.02%	0.02%	0.02%
	TDY	B	0.05%	0.03%	0.03%
	TEL	D	0.11%	0.07%	0.07%
	TER	D	0.04%	0.03%	0.03%
	TFC	C	0.13%	0.08%	0.08%
	TFX	C	0.03%	0.02%	0.02%
	TGT	C	0.17%	0.11%	0.11%
	TJX	B	0.3%	0.21%	0.21%
	TMO	B	0.55%	0.36%	0.36%
	TMUS	C	0.25%	0.17%	0.17%
	TRGP	B	0.07%	0.05%	0.05%
	TRMB	C	0.03%	0.02%	0.02%
	TROW	D	0.05%	0.04%	0.04%
	TRV	C	0.13%	0.08%	0.08%
	TSCO	C	0.07%	0.04%	0.04%
	TSN	C	0.04%	0.03%	0.03%
	TT	B	0.19%	0.13%	0.13%
	TXN	C	0.41%	0.28%	0.28%
	TXT	D	0.04%	0.03%	0.03%
	TYL	C	0.06%	0.04%	0.04%
	UBER	C	0.29%	0.21%	0.21%
	UDR	C	0.03%	0.02%	0.02%
	UHS	B	0.03%	0.02%	0.02%
	ULTA	D	0.04%	0.03%	0.03%
	UNH	C	1.28%	0.84%	0.84%
	UNP	C	0.37%	0.23%	0.23%
	UPS	D	0.22%	0.14%	0.14%
	URI	B	0.12%	0.08%	0.08%
	USB	B	0.17%	0.11%	0.11%
	V	C	1.07%	0.7%	0.7%
	VICI	C	0.08%	0.06%	0.06%
	VLO	F	0.11%	0.06%	0.06%
	VLTO	C	0.06%	0.04%	0.04%
	VMC	D	0.08%	0.05%	0.05%
	VRSK	D	0.09%	0.06%	0.06%
	VRTX	D	0.28%	0.19%	0.19%
	VST	C	0.07%	0.05%	0.05%
	VTR	C	0.06%	0.04%	0.04%
	VTRS	D	0.03%	0.02%	0.02%
	VZ	B	0.45%	0.28%	0.28%
	WAB	B	0.07%	0.04%	0.04%
	WBA	F	0.02%	0.01%	0.01%
	WBD	D	0.04%	0.03%	0.03%
	WDC	D	0.05%	0.03%	0.03%
	WEC	C	0.07%	0.04%	0.04%
	WELL	C	0.17%	0.12%	0.12%
	WFC	D	0.45%	0.28%	0.28%
	WM	D	0.19%	0.13%	0.13%
	WMB	B	0.13%	0.09%	0.09%
	WMT	C	0.79%	0.55%	0.55%
	WRB	C	0.04%	0.02%	0.02%
	WST	D	0.05%	0.03%	0.03%
	WTW	C	0.07%	0.04%	0.04%
	WY	C	0.05%	0.04%	0.04%
	XEL	B	0.08%	0.05%	0.05%
	XOM	C	1.24%	0.76%	0.76%
	XYL	C	0.08%	0.05%	0.05%
	ZBH	F	0.06%	0.03%	0.03%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	C	0.2%	0.13%	0.13%

QVML Overweight 14 Positions Relative to KOKU

	Symbol	Grade	Weight
	UAL	C	0.04%
	AAL	D	0.02%
	IVZ	B	0.02%
	NCLH	C	0.02%
	RL	C	0.02%
	BWA	D	0.02%
	CZR	C	0.02%
	FMC	C	0.02%
	MHK	C	0.02%
	GNRC	D	0.02%
	FRT	C	0.02%
	GL	C	0.02%
	TPR	C	0.02%
	PNW	C	0.02%

QVML Underweight 179 Positions Relative to KOKU

	Symbol	Grade	Weight
	GOOGL	D	-1.42%
	TSLA	C	-1.02%
	NVS	C	-0.35%
	MCD	B	-0.33%
	PM	C	-0.3%
	AMGN	B	-0.28%
	UL	C	-0.25%
	PFE	C	-0.25%
	TD	B	-0.17%
	SBUX	C	-0.17%
	AMT	C	-0.17%
	GILD	B	-0.16%
	BMY	C	-0.16%
	MELI	B	-0.15%
	BA	F	-0.14%
	SHOP	C	-0.13%
	TDG	B	-0.12%
	KKR	B	-0.12%
	EQIX	C	-0.12%
	ORLY	C	-0.11%
	AON	B	-0.11%
	MMM	B	-0.11%
	DEO	C	-0.11%
	PLTR	B	-0.11%
	MRVL	C	-0.1%
	APD	B	-0.1%
	CNI	D	-0.1%
	AZO	D	-0.09%
	HLT	B	-0.09%
	CRWD	D	-0.09%
	NEM	B	-0.09%
	FICO	B	-0.08%
	LYG	B	-0.08%
	WDAY	D	-0.08%
	CCI	C	-0.08%
	LNG	C	-0.07%
	APO	C	-0.07%
	MSCI	C	-0.07%
	TTD	B	-0.07%
	WCN	D	-0.07%
	FTNT	C	-0.07%
	FIS	B	-0.07%
	RMD	C	-0.06%
	SNOW	F	-0.06%
	YUM	D	-0.06%
	GOLD	C	-0.06%
	FLUT	B	-0.06%
	DASH	C	-0.06%
	OTIS	C	-0.06%
	BCS	B	-0.06%
	VRT	C	-0.05%
	COIN	F	-0.05%
	DDOG	D	-0.05%
	MTD	D	-0.05%
	DELL	D	-0.05%
	STLA	F	-0.05%
	VEEV	C	-0.05%
	ALNY	C	-0.05%
	SQ	D	-0.05%
	E	C	-0.05%
	APP	C	-0.04%
	NET	D	-0.04%
	HUBS	D	-0.04%
	TEAM	D	-0.04%
	DXCM	F	-0.04%
	TTWO	C	-0.04%
	SBAC	C	-0.04%
	BIIB	F	-0.04%
	ARES	B	-0.04%
	SE	B	-0.04%
	AWK	B	-0.04%
	BURL	B	-0.03%
	LPLA	D	-0.03%
	FCNCA	D	-0.03%
	ENTG	F	-0.03%
	TPL	B	-0.03%
	SUI	B	-0.03%
	WSM	D	-0.03%
	EME	B	-0.03%
	VRSN	D	-0.03%
	ZM	C	-0.03%
	LII	B	-0.03%
	BAH	C	-0.03%
	SSNC	B	-0.03%
	AER	B	-0.03%
	CHKP	B	-0.03%
	PINS	F	-0.03%
	EL	F	-0.03%
	STX	C	-0.03%
	RBLX	B	-0.03%
	WAT	C	-0.03%
	CSL	B	-0.03%
	GDDY	C	-0.03%
	TRU	B	-0.03%
	MKL	C	-0.03%
	MDB	D	-0.03%
	ILMN	C	-0.03%
	TEVA	C	-0.03%
	MSTR	D	-0.03%
	CNH	D	-0.02%
	SNAP	F	-0.02%
	QGEN	C	-0.02%
	ALLY	F	-0.02%
	HEI	B	-0.02%
	DOCU	C	-0.02%
	OKTA	F	-0.02%
	EXAS	C	-0.02%
	NBIX	F	-0.02%
	CYBR	D	-0.02%
	TECH	C	-0.02%
	CCK	A	-0.02%
	RPRX	C	-0.02%
	AES	C	-0.02%
	DKS	D	-0.02%
	TW	B	-0.02%
	AMH	C	-0.02%
	WTRG	D	-0.02%
	GGG	C	-0.02%
	LOGI	D	-0.02%
	XRX	D	-0.02%
	WSO	C	-0.02%
	WPC	C	-0.02%
	ELS	C	-0.02%
	RS	D	-0.02%
	ENPH	D	-0.02%
	FNF	B	-0.02%
	DT	C	-0.02%
	RBA	B	-0.02%
	UTHR	C	-0.02%
	GLPI	C	-0.02%
	BMRN	F	-0.02%
	PSTG	F	-0.02%
	RPM	B	-0.02%
	ERIE	B	-0.02%
	DKNG	C	-0.02%
	EQH	C	-0.02%
	HEI	B	-0.02%
	CCEP	B	-0.02%
	ACM	B	-0.02%
	OC	D	-0.02%
	MANH	B	-0.02%
	AVTR	B	-0.02%
	ZS	F	-0.02%
	PODD	B	-0.02%
	GLBE	C	-0.01%
	FUTU	D	-0.01%
	WFG	B	-0.01%
	WLK	D	-0.01%
	H	C	-0.01%
	CELH	F	-0.01%
	FOX	B	-0.01%
	UHAL	A	-0.01%
	BSY	D	-0.01%
	ACI	F	-0.01%
	CRBG	D	-0.01%
	CHK	D	-0.01%
	GRAB	C	-0.01%
	DINO	F	-0.01%
	CG	D	-0.01%
	OTEX	D	-0.01%
	KNX	C	-0.01%
	SEIC	C	-0.01%
	Z	B	-0.01%
	TTC	D	-0.01%
	CHRD	F	-0.01%
	WYNN	D	-0.01%
	RIVN	F	-0.01%
	TOST	C	-0.01%
	ROKU	C	-0.01%
	IOT	B	-0.01%
	WIX	D	-0.01%
	OVV	F	-0.01%
	HOOD	C	-0.01%
	MTCH	C	-0.01%
	AFG	B	-0.01%
	CTLT	B	-0.01%
	TWLO	D	-0.01%
	MNDY	B	-0.01%
	DOOO	F	-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

KOKU: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Semiconductors Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology Drug Manufacturers - Major REIT - Residential Specialty Chemicals Insurance - Property & Casualty Internet Content & Information Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Chemical Telecommunications Aerospace Bank Real Estate Investment Trust Medicine Banking Insurance Products Semiconductor Cloud Computing Mining IBD 50