QWLD vs. ACVF ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to American Conservative Values ETF (ACVF)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

ACVF

American Conservative Values ETF

ACVF Description

The investment seeks to achieve long-term capital appreciation; capital preservation is the secondary objective. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of U.S. companies that meet its politically conservative criteria. The equity securities in which It invests will generally be those of companies with large market capitalizations.

Grade (RS Rating)

Last Trade

$45.25

Average Daily Volume

7,420

Number of Holdings ^*

363

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ACVF
30 Days	-0.87%	2.45%
60 Days	0.52%	5.67%
90 Days	2.56%	7.47%
12 Months	23.47%	31.21%

339 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in ACVF	Overlap
	A	F	0.07%	0.06%	0.06%
	ABBV	F	0.41%	0.91%	0.41%
	ABBV	F	0.16%	0.91%	0.16%
	ABNB	C	0.01%	0.42%	0.01%
	ABT	C	0.09%	0.51%	0.09%
	ACN	B	0.65%	0.86%	0.65%
	ADBE	C	0.42%	0.93%	0.42%
	ADI	D	0.04%	0.48%	0.04%
	ADM	F	0.05%	0.07%	0.05%
	ADP	A	0.26%	0.38%	0.26%
	ADSK	B	0.1%	0.3%	0.1%
	AEE	B	0.08%	0.01%	0.01%
	AEP	D	0.07%	0.03%	0.03%
	AES	F	0.01%	0.01%	0.01%
	AFL	C	0.12%	0.06%	0.06%
	AIG	B	0.07%	0.05%	0.05%
	AJG	A	0.18%	0.05%	0.05%
	ALB	C	0.01%	0.01%	0.01%
	ALL	B	0.07%	0.05%	0.05%
	AMAT	F	0.32%	0.55%	0.32%
	AMCR	D	0.08%	0.04%	0.04%
	AMD	F	0.04%	0.6%	0.04%
	AME	A	0.01%	0.07%	0.01%
	AMGN	F	0.18%	0.4%	0.18%
	AMP	A	0.09%	0.2%	0.09%
	AMT	F	0.02%	0.19%	0.02%
	ANET	C	0.21%	0.76%	0.21%
	ANSS	B	0.0%	0.18%	0.0%
	AON	B	0.17%	0.17%	0.17%
	APD	B	0.03%	0.17%	0.03%
	APH	B	0.43%	0.21%	0.21%
	APTV	F	0.01%	0.04%	0.01%
	ARE	F	0.01%	0.02%	0.01%
	AVB	B	0.01%	0.06%	0.01%
	AVGO	C	0.12%	2.13%	0.12%
	AWK	D	0.01%	0.02%	0.01%
	AZO	B	0.29%	0.28%	0.28%
	BA	F	0.01%	0.19%	0.01%
	BALL	D	0.01%	0.05%	0.01%
	BBWI	C	0.0%	0.02%	0.0%
	BBY	C	0.05%	0.06%	0.05%
	BDX	F	0.08%	0.14%	0.08%
	BEN	C	0.01%	0.01%	0.01%
	BIIB	F	0.01%	0.02%	0.01%
	BK	B	0.05%	0.07%	0.05%
	BKNG	A	0.03%	0.93%	0.03%
	BKR	B	0.02%	0.08%	0.02%
	BLDR	C	0.04%	0.14%	0.04%
	BMY	B	0.21%	0.33%	0.21%
	BR	A	0.04%	0.06%	0.04%
	BRK.A	B	0.72%	2.73%	0.72%
	BSX	A	0.02%	0.28%	0.02%
	BX	A	0.03%	0.41%	0.03%
	C	B	0.25%	0.45%	0.25%
	CAH	B	0.12%	0.06%	0.06%
	CARR	C	0.02%	0.07%	0.02%
	CAT	B	0.39%	0.54%	0.39%
	CB	C	0.38%	0.37%	0.37%
	CBOE	D	0.24%	0.19%	0.19%
	CBRE	B	0.03%	0.14%	0.03%
	CCI	F	0.01%	0.1%	0.01%
	CDNS	B	0.14%	0.45%	0.14%
	CDW	F	0.08%	0.05%	0.05%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.02%	0.09%	0.02%
	CFG	B	0.04%	0.07%	0.04%
	CHD	A	0.18%	0.05%	0.05%
	CHRW	A	0.01%	0.03%	0.01%
	CHTR	B	0.06%	0.42%	0.06%
	CI	D	0.17%	0.56%	0.17%
	CINF	A	0.02%	0.05%	0.02%
	CL	F	0.19%	0.21%	0.19%
	CLX	A	0.01%	0.01%	0.01%
	CME	B	0.15%	0.44%	0.15%
	CMI	A	0.09%	0.16%	0.09%
	CNC	F	0.05%	0.06%	0.05%
	CNP	B	0.01%	0.03%	0.01%
	COF	B	0.1%	0.16%	0.1%
	COP	C	0.1%	0.22%	0.1%
	COR	B	0.42%	0.13%	0.13%
	COST	B	0.75%	1.69%	0.75%
	CPRT	A	0.08%	0.52%	0.08%
	CRWD	B	0.0%	0.15%	0.0%
	CSCO	A	1.02%	1.56%	1.02%
	CSX	B	0.12%	0.19%	0.12%
	CTAS	B	0.14%	0.39%	0.14%
	CTSH	A	0.21%	0.25%	0.21%
	CTVA	C	0.05%	0.1%	0.05%
	CVS	F	0.18%	0.18%	0.18%
	CVX	A	0.31%	0.72%	0.31%
	D	D	0.06%	0.03%	0.03%
	DASH	A	0.0%	0.31%	0.0%
	DD	D	0.02%	0.05%	0.02%
	DE	D	0.06%	0.41%	0.06%
	DFS	B	0.04%	0.34%	0.04%
	DG	F	0.01%	0.06%	0.01%
	DHI	D	0.11%	0.12%	0.11%
	DHR	F	0.05%	0.5%	0.05%
	DLR	C	0.02%	0.11%	0.02%
	DLTR	F	0.01%	0.03%	0.01%
	DOW	F	0.04%	0.03%	0.03%
	DPZ	C	0.06%	0.04%	0.04%
	DRI	B	0.03%	0.06%	0.03%
	DTE	D	0.02%	0.04%	0.02%
	DUK	D	0.36%	0.13%	0.13%
	DXCM	C	0.0%	0.05%	0.0%
	EA	A	0.19%	0.27%	0.19%
	EBAY	C	0.01%	0.09%	0.01%
	ECL	C	0.01%	0.15%	0.01%
	ED	D	0.36%	0.01%	0.01%
	EFX	F	0.01%	0.07%	0.01%
	EIX	C	0.02%	0.06%	0.02%
	EL	F	0.01%	0.03%	0.01%
	ELV	F	0.22%	0.36%	0.22%
	EMR	A	0.03%	0.2%	0.03%
	EOG	A	0.05%	0.12%	0.05%
	EQIX	B	0.01%	0.24%	0.01%
	EQR	C	0.01%	0.06%	0.01%
	ES	D	0.01%	0.04%	0.01%
	ETN	B	0.03%	0.6%	0.03%
	EW	F	0.07%	0.08%	0.07%
	EXC	C	0.03%	0.03%	0.03%
	EXPD	C	0.04%	0.04%	0.04%
	EXPE	B	0.01%	0.32%	0.01%
	EXR	D	0.01%	0.01%	0.01%
	F	C	0.09%	0.12%	0.09%
	FAST	B	0.09%	0.11%	0.09%
	FCX	F	0.03%	0.21%	0.03%
	FDX	B	0.07%	0.15%	0.07%
	FE	D	0.01%	0.05%	0.01%
	FFIV	B	0.16%	0.21%	0.16%
	FI	A	0.08%	0.78%	0.08%
	FICO	B	0.04%	0.36%	0.04%
	FIS	B	0.02%	0.13%	0.02%
	FITB	A	0.03%	0.11%	0.03%
	FOX	A	0.01%	0.12%	0.01%
	FOXA	A	0.01%	0.13%	0.01%
	FTNT	B	0.01%	0.15%	0.01%
	FTV	C	0.01%	0.05%	0.01%
	GD	C	0.19%	0.08%	0.08%
	GE	D	0.31%	0.44%	0.31%
	GEHC	D	0.02%	0.07%	0.02%
	GEV	B	0.02%	0.21%	0.02%
	GILD	B	0.25%	0.1%	0.1%
	GIS	F	0.33%	0.07%	0.07%
	GLW	B	0.02%	0.08%	0.02%
	GPC	D	0.05%	0.05%	0.05%
	GPN	B	0.02%	0.18%	0.02%
	GRMN	A	0.05%	0.46%	0.05%
	GWW	B	0.11%	0.11%	0.11%
	HAL	C	0.02%	0.05%	0.02%
	HBAN	A	0.03%	0.05%	0.03%
	HCA	D	0.04%	0.09%	0.04%
	HD	B	0.14%	1.73%	0.14%
	HES	B	0.01%	0.04%	0.01%
	HIG	C	0.03%	0.07%	0.03%
	HLT	A	0.01%	0.17%	0.01%
	HOLX	D	0.01%	0.02%	0.01%
	HON	B	0.25%	0.44%	0.25%
	HPE	B	0.04%	0.23%	0.04%
	HPQ	B	0.04%	0.15%	0.04%
	HST	D	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.05%	0.05%
	HUM	D	0.16%	0.18%	0.16%
	ICE	C	0.03%	0.38%	0.03%
	IDXX	F	0.07%	0.04%	0.04%
	IFF	F	0.01%	0.02%	0.01%
	ILMN	C	0.0%	0.06%	0.0%
	INCY	B	0.16%	0.02%	0.02%
	INTC	C	0.1%	0.34%	0.1%
	INTU	A	0.25%	0.88%	0.25%
	IP	B	0.02%	0.07%	0.02%
	IPG	F	0.02%	0.19%	0.02%
	IQV	F	0.01%	0.08%	0.01%
	IR	A	0.01%	0.07%	0.01%
	ISRG	A	0.25%	0.61%	0.25%
	IT	B	0.04%	0.19%	0.04%
	ITW	B	0.14%	0.15%	0.14%
	J	D	0.01%	0.04%	0.01%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	C	0.02%	0.17%	0.02%
	JCI	A	0.03%	0.19%	0.03%
	KEY	B	0.03%	0.04%	0.03%
	KEYS	C	0.18%	0.06%	0.06%
	KHC	F	0.21%	0.06%	0.06%
	KKR	B	0.02%	0.22%	0.02%
	KLAC	F	0.16%	0.32%	0.16%
	KMB	D	0.11%	0.08%	0.08%
	KMI	B	0.04%	0.11%	0.04%
	KR	A	0.32%	0.04%	0.04%
	L	A	0.17%	0.04%	0.04%
	LEN	D	0.09%	0.09%	0.09%
	LH	B	0.02%	0.04%	0.02%
	LHX	B	0.03%	0.14%	0.03%
	LIN	D	0.06%	0.87%	0.06%
	LKQ	C	0.01%	0.02%	0.01%
	LLY	F	1.17%	1.46%	1.17%
	LMT	D	0.43%	0.34%	0.34%
	LRCX	F	0.2%	0.42%	0.2%
	LUV	B	0.0%	0.06%	0.0%
	LVS	C	0.0%	0.05%	0.0%
	LYB	F	0.03%	0.05%	0.03%
	LYV	A	0.0%	0.1%	0.0%
	MA	B	0.7%	1.69%	0.7%
	MAA	C	0.01%	0.01%	0.01%
	MANH	C	0.04%	0.16%	0.04%
	MAR	A	0.01%	0.47%	0.01%
	MCD	C	0.41%	1.0%	0.41%
	MCHP	F	0.06%	0.07%	0.06%
	MCK	B	0.51%	0.27%	0.27%
	MCO	C	0.12%	0.41%	0.12%
	MDLZ	F	0.15%	0.65%	0.15%
	MDT	D	0.06%	0.29%	0.06%
	MET	C	0.05%	0.25%	0.05%
	MGM	D	0.01%	0.08%	0.01%
	MKC	D	0.01%	0.03%	0.01%
	MKTX	C	0.02%	0.02%	0.02%
	MMC	D	0.51%	0.26%	0.26%
	MMM	C	0.14%	0.09%	0.09%
	MNST	B	0.07%	0.18%	0.07%
	MO	A	0.04%	0.22%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPC	D	0.17%	0.27%	0.17%
	MRK	F	0.44%	0.67%	0.44%
	MS	A	0.11%	0.32%	0.11%
	MSCI	B	0.0%	0.05%	0.0%
	MSFT	C	2.29%	4.58%	2.29%
	MSI	B	0.61%	0.79%	0.61%
	MU	D	0.04%	0.36%	0.04%
	NEE	D	0.05%	0.51%	0.05%
	NEM	F	0.04%	0.08%	0.04%
	NOC	D	0.33%	0.19%	0.19%
	NOW	A	0.01%	0.92%	0.01%
	NSC	B	0.03%	0.05%	0.03%
	NTRS	A	0.02%	0.07%	0.02%
	NUE	D	0.05%	0.1%	0.05%
	NVDA	A	2.56%	8.16%	2.56%
	NWSA	B	0.01%	0.13%	0.01%
	NXPI	F	0.02%	0.18%	0.02%
	O	D	0.02%	0.02%	0.02%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.03%	0.08%	0.03%
	OMC	A	0.04%	0.3%	0.04%
	ORCL	A	0.25%	1.17%	0.25%
	ORLY	A	0.24%	0.47%	0.24%
	OTIS	D	0.01%	0.05%	0.01%
	OXY	F	0.03%	0.09%	0.03%
	PANW	B	0.18%	0.47%	0.18%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.13%	0.1%
	PCAR	B	0.11%	0.14%	0.11%
	PEG	C	0.02%	0.08%	0.02%
	PEP	D	0.79%	0.9%	0.79%
	PFG	C	0.02%	0.03%	0.02%
	PG	C	0.89%	1.5%	0.89%
	PH	A	0.02%	0.18%	0.02%
	PHM	D	0.06%	0.04%	0.04%
	PINS	F	0.0%	0.11%	0.0%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.04%	0.33%	0.04%
	PM	B	0.07%	0.58%	0.07%
	PNC	B	0.09%	0.33%	0.09%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.01%	0.07%	0.01%
	PRU	B	0.05%	0.04%	0.04%
	PSA	D	0.08%	0.15%	0.08%
	PWR	B	0.01%	0.03%	0.01%
	QCOM	F	0.34%	0.56%	0.34%
	RCL	A	0.01%	0.1%	0.01%
	REGN	F	0.33%	0.22%	0.22%
	RF	A	0.03%	0.08%	0.03%
	RJF	A	0.02%	0.08%	0.02%
	RMD	C	0.05%	0.04%	0.04%
	ROK	B	0.06%	0.02%	0.02%
	ROP	A	0.49%	0.46%	0.46%
	ROST	D	0.02%	0.31%	0.02%
	RSG	B	0.45%	0.37%	0.37%
	RTX	D	0.09%	0.43%	0.09%
	SBAC	D	0.01%	0.02%	0.01%
	SCHW	B	0.04%	0.18%	0.04%
	SHW	A	0.14%	0.21%	0.14%
	SLB	C	0.03%	0.15%	0.03%
	SNPS	C	0.13%	0.51%	0.13%
	SO	D	0.45%	0.74%	0.45%
	SOLV	C	0.03%	0.01%	0.01%
	SPG	A	0.02%	0.08%	0.02%
	SPGI	C	0.03%	0.61%	0.03%
	SRE	B	0.03%	0.03%	0.03%
	STT	B	0.03%	0.1%	0.03%
	STX	D	0.01%	0.05%	0.01%
	STZ	D	0.01%	0.16%	0.01%
	SW	B	0.03%	0.02%	0.02%
	SYF	B	0.04%	0.01%	0.01%
	SYK	A	0.03%	0.29%	0.03%
	SYY	D	0.03%	0.03%	0.03%
	T	A	0.38%	0.18%	0.18%
	TDG	D	0.01%	0.12%	0.01%
	TFC	B	0.09%	0.2%	0.09%
	TJX	A	0.33%	0.85%	0.33%
	TMO	F	0.06%	0.54%	0.06%
	TMUS	A	0.73%	1.01%	0.73%
	TROW	A	0.05%	0.07%	0.05%
	TRV	B	0.29%	0.05%	0.05%
	TSCO	D	0.06%	0.2%	0.06%
	TSLA	B	0.14%	1.73%	0.14%
	TT	B	0.14%	0.18%	0.14%
	TTWO	A	0.01%	0.21%	0.01%
	TXN	B	0.51%	0.59%	0.51%
	TYL	B	0.0%	0.05%	0.0%
	UBER	F	0.01%	0.52%	0.01%
	ULTA	C	0.07%	0.04%	0.04%
	UNP	D	0.27%	0.39%	0.27%
	UPS	C	0.07%	0.21%	0.07%
	USB	B	0.09%	0.25%	0.09%
	VEEV	B	0.05%	0.04%	0.04%
	VLTO	D	0.05%	0.07%	0.05%
	VMC	B	0.01%	0.03%	0.01%
	VRSK	A	0.01%	0.31%	0.01%
	VRSN	C	0.14%	0.35%	0.14%
	VRTX	B	0.45%	0.31%	0.31%
	VTR	C	0.01%	0.03%	0.01%
	WAB	B	0.01%	0.07%	0.01%
	WBA	D	0.04%	0.02%	0.02%
	WDAY	B	0.04%	0.2%	0.04%
	WEC	B	0.19%	0.05%	0.05%
	WELL	B	0.02%	0.12%	0.02%
	WFC	A	0.27%	0.68%	0.27%
	WM	A	0.52%	0.44%	0.44%
	WMB	B	0.19%	0.09%	0.09%
	WTW	A	0.07%	0.08%	0.07%
	WY	F	0.02%	0.04%	0.02%
	WYNN	C	0.0%	0.02%	0.0%
	XEL	A	0.08%	0.07%	0.07%
	XOM	B	0.47%	1.46%	0.47%
	XYL	F	0.01%	0.02%	0.01%
	YUM	B	0.15%	0.04%	0.04%
	ZBH	C	0.01%	0.03%	0.01%
	ZBRA	B	0.01%	0.21%	0.01%
	ZTS	D	0.15%	0.15%	0.15%

QWLD Overweight 270 Positions Relative to ACVF

	Symbol	Grade	Weight
	AAPL	C	2.5%
	META	B	2.14%
	UNH	B	1.34%
	V	A	1.19%
	JNJ	D	1.11%
	GOOGL	C	1.08%
	GOOG	C	0.95%
	NVS	F	0.81%
	WMT	A	0.75%
	JPM	A	0.59%
	KO	F	0.57%
	VZ	D	0.56%
	NFLX	A	0.51%
	IBM	D	0.48%
	BAC	A	0.38%
	AMZN	A	0.37%
	PGR	A	0.35%
	UL	D	0.27%
	WCN	A	0.26%
	HSBH	A	0.25%
	ACGL	C	0.25%
	GDDY	B	0.23%
	MFG	A	0.22%
	K	A	0.22%
	PFE	F	0.19%
	BAH	C	0.18%
	GM	B	0.18%
	CHKP	C	0.17%
	GS	B	0.17%
	CMCSA	B	0.17%
	UTHR	B	0.16%
	NKE	F	0.16%
	BRO	B	0.14%
	TGT	C	0.14%
	KDP	C	0.14%
	WRB	B	0.14%
	TM	F	0.14%
	JNPR	D	0.13%
	AKAM	F	0.13%
	CMG	B	0.13%
	PSX	C	0.13%
	TSN	B	0.13%
	MUFG	A	0.13%
	FCNCA	B	0.12%
	GEN	B	0.12%
	TD	D	0.12%
	MKL	A	0.12%
	E	F	0.12%
	ERIE	F	0.12%
	CF	B	0.12%
	DEO	F	0.11%
	BCS	B	0.11%
	NBIX	C	0.11%
	SMFG	A	0.1%
	DGX	B	0.1%
	CNI	F	0.1%
	LYG	D	0.09%
	FANG	C	0.09%
	CPB	F	0.09%
	HRL	F	0.09%
	KVUE	A	0.08%
	AIZ	A	0.08%
	ROL	C	0.08%
	SONY	C	0.08%
	PTC	B	0.08%
	DIS	B	0.08%
	STLA	F	0.08%
	JKHY	C	0.07%
	HMC	F	0.07%
	LULU	B	0.07%
	BMRN	F	0.07%
	LOW	B	0.07%
	SJM	F	0.07%
	VLO	C	0.07%
	MPWR	F	0.06%
	EG	D	0.06%
	TDY	B	0.06%
	WBD	B	0.06%
	LOGI	F	0.06%
	AXP	B	0.06%
	NVR	D	0.06%
	MOH	F	0.06%
	MTB	A	0.05%
	DOV	A	0.05%
	DECK	B	0.05%
	DINO	D	0.05%
	MT	C	0.05%
	CMS	D	0.05%
	LNG	B	0.05%
	CRM	B	0.05%
	TPL	B	0.05%
	SBUX	B	0.04%
	SNA	A	0.04%
	WST	B	0.04%
	TRGP	B	0.04%
	HUBB	C	0.04%
	PYPL	A	0.04%
	WAT	B	0.04%
	CAG	F	0.04%
	EME	B	0.04%
	LPLA	A	0.04%
	BTI	C	0.04%
	NTAP	D	0.04%
	LNT	C	0.03%
	ETR	B	0.03%
	VTRS	B	0.03%
	GGG	B	0.03%
	DVN	F	0.03%
	AVY	F	0.03%
	TER	F	0.03%
	STLD	C	0.03%
	FDS	A	0.03%
	IEX	B	0.03%
	APA	F	0.03%
	PNR	A	0.03%
	SWKS	F	0.03%
	OC	A	0.03%
	CSL	B	0.03%
	PCG	A	0.03%
	WSO	B	0.03%
	WSM	F	0.03%
	PARA	B	0.02%
	NRG	C	0.02%
	ACI	C	0.02%
	ALLY	C	0.02%
	NMR	B	0.02%
	CNH	D	0.02%
	TTC	F	0.02%
	APO	B	0.02%
	SEIC	A	0.02%
	AOS	F	0.02%
	RS	C	0.02%
	OVV	C	0.02%
	SMCI	F	0.02%
	AFG	A	0.02%
	ENPH	F	0.02%
	AER	B	0.02%
	CTRA	B	0.02%
	VICI	D	0.02%
	EPAM	B	0.02%
	MRO	B	0.02%
	NDSN	B	0.02%
	DKS	D	0.02%
	URI	B	0.02%
	ALLE	D	0.02%
	BG	D	0.02%
	ARES	B	0.01%
	CTLT	D	0.01%
	DVA	C	0.01%
	WTRG	C	0.01%
	FSLR	F	0.01%
	UHAL	D	0.01%
	FBIN	F	0.01%
	RPRX	F	0.01%
	GLPI	D	0.01%
	RPM	A	0.01%
	BURL	C	0.01%
	COIN	B	0.01%
	HII	F	0.01%
	TRMB	B	0.01%
	REG	A	0.01%
	STE	D	0.01%
	IRM	D	0.01%
	TRU	D	0.01%
	CCL	B	0.01%
	SUI	F	0.01%
	TWLO	B	0.01%
	MBAVU	C	0.01%
	WPC	F	0.01%
	AVTR	F	0.01%
	MAS	D	0.01%
	INVH	D	0.01%
	ESS	C	0.01%
	HSIC	F	0.01%
	DAL	A	0.01%
	CCEP	C	0.01%
	CG	B	0.01%
	DOC	C	0.01%
	ZM	B	0.01%
	HWM	B	0.01%
	ACM	B	0.01%
	BXP	D	0.01%
	RVTY	C	0.01%
	AGCO	F	0.01%
	CHRD	D	0.01%
	CCK	D	0.01%
	CPAY	A	0.01%
	SE	B	0.01%
	SSNC	C	0.01%
	WFG	C	0.01%
	EMN	D	0.01%
	NI	A	0.01%
	NDAQ	B	0.01%
	KNX	C	0.01%
	KIM	A	0.01%
	TXT	D	0.01%
	MRNA	F	0.01%
	WDC	D	0.01%
	VST	B	0.01%
	MRVL	B	0.01%
	MLM	B	0.01%
	UHS	D	0.01%
	BSY	F	0.01%
	FNF	C	0.01%
	EQH	B	0.01%
	LDOS	C	0.01%
	EVRG	A	0.01%
	TAP	B	0.01%
	ATO	B	0.01%
	DELL	C	0.01%
	CRBG	C	0.01%
	SWK	F	0.01%
	PPL	A	0.01%
	SQ	B	0.01%
	BAX	F	0.01%
	EQT	B	0.01%
	MELI	D	0.01%
	ON	F	0.01%
	KMX	B	0.01%
	GLBE	B	0.0%
	IOT	B	0.0%
	NET	B	0.0%
	XRX	F	0.0%
	TOST	A	0.0%
	RBLX	B	0.0%
	DKNG	B	0.0%
	DDOG	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	HEI	A	0.0%
	FUTU	C	0.0%
	DT	C	0.0%
	PODD	B	0.0%
	DOCU	B	0.0%
	SNOW	C	0.0%
	GRAB	B	0.0%
	MSTR	B	0.0%
	DAY	B	0.0%
	EXAS	F	0.0%
	ROKU	C	0.0%
	TECH	D	0.0%
	OKTA	C	0.0%
	APP	B	0.0%
	LII	B	0.0%
	Z	B	0.0%
	HOOD	B	0.0%
	ELS	B	0.0%
	TTD	B	0.0%
	HEI	A	0.0%
	TW	B	0.0%
	RIVN	F	0.0%
	ENTG	F	0.0%
	AXON	B	0.0%
	WLK	F	0.0%
	PLTR	B	0.0%
	VRT	B	0.0%
	QGEN	D	0.0%
	LW	B	0.0%
	UDR	C	0.0%
	CSGP	F	0.0%
	TFX	F	0.0%
	AMH	C	0.0%
	MTCH	F	0.0%
	OTEX	F	0.0%
	ALGN	D	0.0%
	CRL	C	0.0%
	CPT	C	0.0%
	BIO	C	0.0%
	QRVO	F	0.0%

QWLD Underweight 25 Positions Relative to ACVF

	Symbol	Grade	Weight
	SPOT	A	-0.42%
	RBA	B	-0.16%
	LAD	B	-0.14%
	SKX	F	-0.12%
	NWS	B	-0.12%
	RKT	F	-0.11%
	UAA	B	-0.07%
	UA	B	-0.07%
	ETSY	D	-0.06%
	KSS	D	-0.06%
	AAL	B	-0.06%
	UAL	A	-0.05%
	TPR	A	-0.03%
	BWA	B	-0.03%
	PVH	C	-0.02%
	RL	B	-0.02%
	FMC	F	-0.01%
	AAP	C	-0.01%
	PHIN	B	-0.01%
	SLVM	C	-0.01%
	HAS	D	-0.01%
	MTD	F	-0.0%
	EMBC	C	-0.0%
	FTRE	D	-0.0%
	IVZ	B	-0.0%

QWLD: Top Represented Industries & Keywords

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

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

ACVF: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Semiconductors Specialty Retail Banks - Regional - US Capital Markets Drug Manufacturers - Major Specialty Chemicals Aerospace & Defense Household & Personal Products Medical Devices Utilities - Diversified Health Care Plans Insurance - Property & Casualty Integrated Shipping & Logistics Packaging & Containers

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