QWLD vs. ACWI ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares MSCI ACWI Index Fund (ACWI)

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

$123.05

Average Daily Volume

5,943

Number of Holdings ^*

611

* may have additional holdings in another (foreign) market

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$115.35

Average Daily Volume

2,285,831

Number of Holdings ^*

669

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ACWI
30 Days	3.12%	3.78%
60 Days	3.84%	5.57%
90 Days	6.82%	8.37%
12 Months	19.66%	21.24%

605 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in ACWI	Overlap
A	D	0.06%	0.05%	0.05%
AAPL	B	2.62%	4.34%	2.62%
ABBV	B	0.35%	0.39%	0.35%
ABBV	B	0.16%	0.39%	0.16%
ABBV	B	0.35%	0.12%	0.12%
ABBV	B	0.16%	0.12%	0.12%
ABNB	D	0.01%	0.09%	0.01%
ABT	D	0.09%	0.24%	0.09%
ACGL	D	0.25%	0.05%	0.05%
ACI	F	0.02%	0.01%	0.01%
ACM	D	0.01%	0.01%	0.01%
ACN	D	0.58%	0.26%	0.26%
ADBE	C	0.49%	0.34%	0.34%
ADI	B	0.04%	0.15%	0.04%
ADM	C	0.06%	0.04%	0.04%
ADP	F	0.21%	0.13%	0.13%
ADSK	C	0.08%	0.07%	0.07%
AEE	C	0.07%	0.02%	0.02%
AEP	C	0.06%	0.06%	0.06%
AER	B	0.02%	0.03%	0.02%
AES	D	0.01%	0.02%	0.01%
AFG	D	0.02%	0.01%	0.01%
AFL	A	0.1%	0.07%	0.07%
AGCO	F	0.01%	0.01%	0.01%
AIG	C	0.07%	0.07%	0.07%
AIZ	D	0.06%	0.01%	0.01%
AJG	A	0.17%	0.08%	0.08%
AKAM	D	0.12%	0.02%	0.02%
ALB	F	0.01%	0.02%	0.01%
ALGN	F	0.01%	0.02%	0.01%
ALL	D	0.06%	0.06%	0.06%
ALLE	C	0.02%	0.01%	0.01%
ALLY	A	0.02%	0.02%	0.02%
AMAT	C	0.43%	0.27%	0.27%
AMCR	D	0.07%	0.02%	0.02%
AMD	C	0.04%	0.35%	0.04%
AME	C	0.01%	0.05%	0.01%
AMGN	B	0.18%	0.22%	0.18%
AMH	C	0.0%	0.01%	0.0%
AMP	B	0.07%	0.06%	0.06%
AMT	B	0.02%	0.12%	0.02%
AMZN	C	0.37%	2.47%	0.37%
ANET	C	0.19%	0.13%	0.13%
ANSS	C	0.01%	0.04%	0.01%
AON	C	0.14%	0.08%	0.08%
AOS	C	0.02%	0.01%	0.01%
APA	D	0.03%	0.01%	0.01%
APD	D	0.02%	0.08%	0.02%
APH	B	0.43%	0.11%	0.11%
APO	A	0.01%	0.06%	0.01%
APP	C	0.0%	0.02%	0.0%
APTV	F	0.02%	0.03%	0.02%
ARE	B	0.01%	0.03%	0.01%
ARES	C	0.0%	0.03%	0.0%
ATO	B	0.01%	0.02%	0.01%
AVB	C	0.01%	0.04%	0.01%
AVGO	B	0.12%	1.02%	0.12%
AVTR	D	0.01%	0.02%	0.01%
AVY	D	0.03%	0.03%	0.03%
AWK	C	0.01%	0.03%	0.01%
AXON	D	0.0%	0.03%	0.0%
AXP	B	0.05%	0.18%	0.05%
AZO	C	0.27%	0.07%	0.07%
BA	D	0.02%	0.14%	0.02%
BAC	A	0.35%	0.39%	0.35%
BAH	B	0.16%	0.03%	0.03%
BALL	D	0.01%	0.02%	0.01%
BAX	D	0.01%	0.02%	0.01%
BBWI	F	0.01%	0.01%	0.01%
BBY	B	0.05%	0.02%	0.02%
BCS	A	0.1%	0.06%	0.06%
BDX	F	0.08%	0.09%	0.08%
BEN	D	0.01%	0.01%	0.01%
BG	B	0.03%	0.02%	0.02%
BIIB	C	0.02%	0.04%	0.02%
BIO	D	0.0%	0.01%	0.0%
BK	A	0.04%	0.06%	0.04%
BKNG	C	0.02%	0.18%	0.02%
BKR	B	0.02%	0.05%	0.02%
BLDR	F	0.04%	0.02%	0.02%
BLK	B	0.2%	0.16%	0.16%
BMRN	C	0.09%	0.02%	0.02%
BMY	F	0.16%	0.11%	0.11%
BR	B	0.04%	0.03%	0.03%
BRK.A	C	0.65%	0.71%	0.65%
BRO	B	0.12%	0.03%	0.03%
BSX	B	0.02%	0.15%	0.02%
BSY	F	0.01%	0.01%	0.01%
BURL	A	0.01%	0.02%	0.01%
BX	B	0.02%	0.12%	0.02%
BXP	B	0.01%	0.01%	0.01%
C	B	0.24%	0.16%	0.16%
CAG	F	0.04%	0.02%	0.02%
CAH	F	0.11%	0.03%	0.03%
CARR	B	0.02%	0.07%	0.02%
CAT	D	0.32%	0.22%	0.22%
CB	D	0.36%	0.14%	0.14%
CBRE	B	0.02%	0.04%	0.02%
CCEP	C	0.01%	0.02%	0.01%
CCI	C	0.01%	0.06%	0.01%
CCK	D	0.01%	0.01%	0.01%
CCL	C	0.01%	0.02%	0.01%
CDNS	C	0.15%	0.11%	0.11%
CDW	D	0.09%	0.04%	0.04%
CE	D	0.01%	0.02%	0.01%
CEG	C	0.02%	0.09%	0.02%
CF	F	0.11%	0.02%	0.02%
CFG	A	0.03%	0.02%	0.02%
CFLT	F	0.0%	0.01%	0.0%
CG	C	0.01%	0.01%	0.01%
CHD	D	0.19%	0.03%	0.03%
CHK	D	0.02%	0.01%	0.01%
CHKP	B	0.17%	0.02%	0.02%
CHRW	C	0.01%	0.01%	0.01%
CHTR	D	0.04%	0.04%	0.04%
CI	D	0.19%	0.12%	0.12%
CINF	B	0.01%	0.02%	0.01%
CL	B	0.21%	0.1%	0.1%
CLF	F	0.02%	0.01%	0.01%
CLX	D	0.01%	0.02%	0.01%
CMCSA	F	0.15%	0.2%	0.15%
CME	D	0.14%	0.09%	0.09%
CMG	D	0.13%	0.11%	0.11%
CMI	C	0.08%	0.05%	0.05%
CMS	D	0.04%	0.02%	0.02%
CNC	D	0.06%	0.05%	0.05%
CNH	F	0.01%	0.01%	0.01%
CNI	D	0.11%	0.09%	0.09%
CNP	D	0.01%	0.03%	0.01%
COF	C	0.08%	0.07%	0.07%
COIN	D	0.01%	0.06%	0.01%
COP	D	0.11%	0.18%	0.11%
COST	C	0.75%	0.51%	0.51%
CPAY	C	0.01%	0.02%	0.01%
CPB	B	0.09%	0.01%	0.01%
CPRT	B	0.08%	0.06%	0.06%
CPT	B	0.0%	0.01%	0.0%
CRL	D	0.0%	0.01%	0.0%
CRM	F	0.05%	0.34%	0.05%
CRWD	C	0.0%	0.12%	0.0%
CSCO	D	0.87%	0.25%	0.25%
CSGP	F	0.0%	0.04%	0.0%
CSL	B	0.03%	0.03%	0.03%
CSX	C	0.11%	0.09%	0.09%
CTAS	B	0.11%	0.09%	0.09%
CTLT	B	0.01%	0.01%	0.01%
CTRA	D	0.02%	0.03%	0.02%
CTSH	C	0.19%	0.05%	0.05%
CTVA	D	0.04%	0.05%	0.04%
CVS	F	0.17%	0.1%	0.1%
CVX	D	0.33%	0.37%	0.33%
CZR	D	0.01%	0.01%	0.01%
D	C	0.05%	0.06%	0.05%
DAL	D	0.01%	0.01%	0.01%
DASH	F	0.0%	0.04%	0.0%
DAY	F	0.0%	0.01%	0.0%
DD	B	0.02%	0.04%	0.02%
DDOG	C	0.0%	0.05%	0.0%
DE	F	0.06%	0.13%	0.06%
DECK	D	0.05%	0.03%	0.03%
DELL	C	0.01%	0.05%	0.01%
DEO	F	0.13%	0.09%	0.09%
DFS	B	0.03%	0.04%	0.03%
DG	D	0.02%	0.04%	0.02%
DGX	B	0.1%	0.02%	0.02%
DHI	C	0.09%	0.05%	0.05%
DHR	D	0.05%	0.23%	0.05%
DINO	F	0.06%	0.01%	0.01%
DIS	F	0.09%	0.24%	0.09%
DKNG	F	0.0%	0.02%	0.0%
DKS	C	0.02%	0.02%	0.02%
DLR	B	0.02%	0.06%	0.02%
DLTR	F	0.02%	0.03%	0.02%
DOC	B	0.01%	0.02%	0.01%
DOCU	D	0.0%	0.02%	0.0%
DOV	C	0.04%	0.03%	0.03%
DOW	F	0.04%	0.05%	0.04%
DPZ	D	0.07%	0.02%	0.02%
DRI	F	0.03%	0.02%	0.02%
DT	F	0.0%	0.02%	0.0%
DTE	C	0.02%	0.03%	0.02%
DUK	B	0.33%	0.1%	0.1%
DVA	C	0.01%	0.01%	0.01%
DVN	D	0.03%	0.04%	0.03%
DXCM	D	0.0%	0.06%	0.0%
E	D	0.13%	0.05%	0.05%
EA	B	0.17%	0.05%	0.05%
EBAY	B	0.01%	0.04%	0.01%
ECL	A	0.01%	0.08%	0.01%
ED	D	0.34%	0.04%	0.04%
EFX	C	0.01%	0.04%	0.01%
EG	C	0.06%	0.02%	0.02%
EIX	C	0.02%	0.04%	0.02%
EL	F	0.01%	0.03%	0.01%
ELS	C	0.0%	0.01%	0.0%
ELV	C	0.28%	0.16%	0.16%
EME	D	0.03%	0.02%	0.02%
EMN	D	0.01%	0.01%	0.01%
EMR	B	0.03%	0.08%	0.03%
ENPH	F	0.03%	0.02%	0.02%
ENTG	B	0.0%	0.03%	0.0%
EOG	B	0.06%	0.1%	0.06%
EPAM	F	0.02%	0.01%	0.01%
EQH	A	0.01%	0.02%	0.01%
EQIX	C	0.01%	0.09%	0.01%
EQR	C	0.01%	0.03%	0.01%
EQT	D	0.01%	0.02%	0.01%
ERIE	D	0.11%	0.01%	0.01%
ES	C	0.01%	0.03%	0.01%
ESS	B	0.01%	0.02%	0.01%
ETN	C	0.03%	0.17%	0.03%
ETR	D	0.02%	0.03%	0.02%
ETSY	F	0.0%	0.01%	0.0%
EVRG	C	0.01%	0.02%	0.01%
EW	B	0.1%	0.07%	0.07%
EXAS	F	0.0%	0.01%	0.0%
EXC	D	0.03%	0.05%	0.03%
EXPD	B	0.04%	0.02%	0.02%
EXPE	C	0.01%	0.02%	0.01%
EXR	B	0.01%	0.04%	0.01%
F	B	0.11%	0.07%	0.07%
FANG	B	0.1%	0.05%	0.05%
FAST	D	0.07%	0.05%	0.05%
FCNCA	B	0.08%	0.02%	0.02%
FCX	C	0.03%	0.1%	0.03%
FDS	D	0.02%	0.02%	0.02%
FDX	B	0.07%	0.09%	0.07%
FE	C	0.01%	0.03%	0.01%
FFIV	C	0.12%	0.01%	0.01%
FICO	A	0.03%	0.05%	0.03%
FIS	C	0.02%	0.06%	0.02%
FITB	B	0.03%	0.03%	0.03%
FNF	C	0.01%	0.02%	0.01%
FOXA	A	0.01%	0.01%	0.01%
FSLR	D	0.01%	0.03%	0.01%
FTNT	D	0.0%	0.05%	0.0%
FTV	D	0.01%	0.03%	0.01%
FUTU	D	0.0%	0.01%	0.0%
GD	D	0.18%	0.09%	0.09%
GDDY	C	0.2%	0.03%	0.03%
GE	D	0.3%	0.24%	0.24%
GEHC	C	0.02%	0.04%	0.02%
GEV	B	0.01%	0.06%	0.01%
GGG	D	0.02%	0.02%	0.02%
GILD	C	0.19%	0.11%	0.11%
GIS	D	0.33%	0.05%	0.05%
GLBE	C	0.0%	0.0%	0.0%
GLPI	B	0.01%	0.01%	0.01%
GLW	B	0.02%	0.04%	0.02%
GM	B	0.16%	0.07%	0.07%
GOOG	C	1.04%	1.28%	1.04%
GOOGL	C	1.18%	1.46%	1.18%
GPC	D	0.06%	0.03%	0.03%
GPN	F	0.02%	0.03%	0.02%
GRAB	D	0.0%	0.01%	0.0%
GRMN	C	0.04%	0.03%	0.03%
GS	A	0.14%	0.2%	0.14%
GWW	D	0.09%	0.06%	0.06%
H	B	0.0%	0.01%	0.0%
HAL	F	0.02%	0.04%	0.02%
HBAN	C	0.02%	0.03%	0.02%
HCA	D	0.04%	0.09%	0.04%
HD	C	0.13%	0.44%	0.13%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.02%	0.0%
HES	D	0.01%	0.05%	0.01%
HIG	C	0.02%	0.04%	0.02%
HII	D	0.01%	0.01%	0.01%
HLT	B	0.01%	0.08%	0.01%
HMC	F	0.08%	0.07%	0.07%
HOLX	B	0.01%	0.02%	0.01%
HON	B	0.25%	0.19%	0.19%
HOOD	C	0.0%	0.02%	0.0%
HPE	B	0.04%	0.04%	0.04%
HPQ	C	0.04%	0.05%	0.04%
HRL	F	0.1%	0.01%	0.01%
HSIC	D	0.01%	0.01%	0.01%
HST	D	0.01%	0.02%	0.01%
HSY	D	0.17%	0.04%	0.04%
HUBB	D	0.03%	0.03%	0.03%
HUM	D	0.21%	0.06%	0.06%
HWM	D	0.01%	0.04%	0.01%
IBM	C	0.41%	0.22%	0.22%
ICE	A	0.03%	0.11%	0.03%
IDXX	D	0.08%	0.05%	0.05%
IEX	D	0.02%	0.02%	0.02%
IFF	B	0.01%	0.03%	0.01%
ILMN	D	0.0%	0.02%	0.0%
INCY	B	0.12%	0.01%	0.01%
INTC	D	0.13%	0.18%	0.13%
INTU	C	0.26%	0.25%	0.25%
INVH	C	0.01%	0.03%	0.01%
IOT	C	0.0%	0.01%	0.0%
IP	C	0.02%	0.02%	0.02%
IPG	F	0.02%	0.02%	0.02%
IQV	D	0.01%	0.05%	0.01%
IR	B	0.01%	0.05%	0.01%
IRM	B	0.01%	0.04%	0.01%
ISRG	B	0.21%	0.2%	0.2%
IT	C	0.03%	0.05%	0.03%
ITW	D	0.12%	0.09%	0.09%
J	C	0.01%	0.02%	0.01%
JBHT	D	0.02%	0.02%	0.02%
JBL	F	0.01%	0.02%	0.01%
JCI	C	0.02%	0.06%	0.02%
JKHY	D	0.06%	0.02%	0.02%
JNJ	D	1.08%	0.47%	0.47%
JNPR	B	0.12%	0.02%	0.02%
JPM	B	0.54%	0.8%	0.54%
K	D	0.16%	0.02%	0.02%
KDP	D	0.15%	0.05%	0.05%
KEY	B	0.02%	0.02%	0.02%
KEYS	D	0.16%	0.03%	0.03%
KHC	D	0.21%	0.04%	0.04%
KIM	C	0.01%	0.02%	0.01%
KKR	B	0.02%	0.09%	0.02%
KLAC	B	0.21%	0.15%	0.15%
KMB	A	0.12%	0.06%	0.06%
KMI	A	0.03%	0.06%	0.03%
KMX	C	0.01%	0.02%	0.01%
KNX	C	0.01%	0.01%	0.01%
KO	B	0.6%	0.35%	0.35%
KR	C	0.28%	0.05%	0.05%
KVUE	F	0.06%	0.05%	0.05%
L	C	0.16%	0.02%	0.02%
LDOS	B	0.01%	0.03%	0.01%
LEN	C	0.08%	0.05%	0.05%
LHX	A	0.02%	0.06%	0.02%
LII	B	0.0%	0.02%	0.0%
LIN	C	0.06%	0.28%	0.06%
LKQ	D	0.01%	0.02%	0.01%
LLY	B	1.42%	0.97%	0.97%
LMT	D	0.38%	0.14%	0.14%
LNG	B	0.05%	0.05%	0.05%
LNT	B	0.02%	0.02%	0.02%
LOGI	D	0.08%	0.02%	0.02%
LOW	C	0.06%	0.16%	0.06%
LPLA	D	0.04%	0.03%	0.03%
LRCX	C	0.29%	0.19%	0.19%
LSCC	F	0.02%	0.01%	0.01%
LULU	F	0.07%	0.05%	0.05%
LUV	D	0.0%	0.01%	0.0%
LVS	F	0.0%	0.02%	0.0%
LW	F	0.0%	0.02%	0.0%
LYB	F	0.03%	0.03%	0.03%
LYG	A	0.09%	0.06%	0.06%
LYV	C	0.0%	0.02%	0.0%
MA	D	0.63%	0.5%	0.5%
MAA	B	0.01%	0.02%	0.01%
MANH	C	0.03%	0.02%	0.02%
MAR	C	0.01%	0.08%	0.01%
MAS	C	0.01%	0.02%	0.01%
MCD	D	0.37%	0.24%	0.24%
MCHP	D	0.09%	0.07%	0.07%
MCK	C	0.57%	0.1%	0.1%
MCO	A	0.12%	0.09%	0.09%
MDLZ	F	0.15%	0.12%	0.12%
MDT	D	0.05%	0.14%	0.05%
MET	C	0.04%	0.06%	0.04%
META	C	1.99%	1.49%	1.49%
MFG	B	0.22%	0.07%	0.07%
MGM	C	0.01%	0.01%	0.01%
MKC	C	0.01%	0.02%	0.01%
MKL	D	0.12%	0.03%	0.03%
MKTX	D	0.01%	0.01%	0.01%
MLM	D	0.01%	0.04%	0.01%
MMC	A	0.51%	0.14%	0.14%
MMM	B	0.11%	0.08%	0.08%
MNST	D	0.06%	0.05%	0.05%
MO	A	0.03%	0.11%	0.03%
MOH	F	0.06%	0.02%	0.02%
MOS	F	0.02%	0.01%	0.01%
MPC	F	0.2%	0.08%	0.08%
MPWR	C	0.06%	0.05%	0.05%
MRK	C	0.57%	0.43%	0.43%
MRNA	D	0.02%	0.05%	0.02%
MRO	B	0.02%	0.02%	0.02%
MRVL	C	0.01%	0.08%	0.01%
MS	A	0.09%	0.17%	0.09%
MSCI	C	0.0%	0.05%	0.0%
MSFT	C	2.63%	4.34%	2.63%
MSI	B	0.53%	0.09%	0.09%
MTB	A	0.03%	0.03%	0.03%
MTCH	D	0.0%	0.01%	0.0%
MU	C	0.06%	0.2%	0.06%
MUFG	B	0.14%	0.16%	0.14%
NBIX	B	0.13%	0.02%	0.02%
NDAQ	B	0.01%	0.03%	0.01%
NDSN	D	0.02%	0.02%	0.02%
NEE	C	0.05%	0.2%	0.05%
NEM	A	0.04%	0.07%	0.04%
NET	C	0.0%	0.03%	0.0%
NFLX	C	0.47%	0.39%	0.39%
NI	A	0.01%	0.02%	0.01%
NKE	F	0.17%	0.12%	0.12%
NMR	C	0.02%	0.02%	0.02%
NOC	F	0.29%	0.08%	0.08%
NOW	C	0.01%	0.21%	0.01%
NRG	D	0.01%	0.02%	0.01%
NSC	D	0.02%	0.07%	0.02%
NTAP	B	0.05%	0.04%	0.04%
NTRS	B	0.01%	0.02%	0.01%
NUE	D	0.05%	0.05%	0.05%
NVDA	C	2.36%	4.28%	2.36%
NVR	B	0.04%	0.03%	0.03%
NVS	B	0.85%	0.28%	0.28%
NWSA	A	0.01%	0.01%	0.01%
NXPI	B	0.02%	0.09%	0.02%
O	C	0.02%	0.06%	0.02%
OC	C	0.03%	0.02%	0.02%
ODFL	C	0.07%	0.05%	0.05%
OKE	A	0.02%	0.06%	0.02%
OKTA	D	0.0%	0.02%	0.0%
OMC	C	0.04%	0.02%	0.02%
ON	D	0.02%	0.04%	0.02%
ORCL	B	0.21%	0.32%	0.21%
ORLY	C	0.21%	0.08%	0.08%
OTIS	B	0.01%	0.05%	0.01%
OVV	D	0.02%	0.02%	0.02%
OXY	D	0.04%	0.05%	0.04%
PANW	C	0.17%	0.15%	0.15%
PARA	D	0.02%	0.01%	0.01%
PATH	F	0.0%	0.01%	0.0%
PAYC	F	0.01%	0.01%	0.01%
PAYX	F	0.08%	0.05%	0.05%
PCAR	D	0.11%	0.07%	0.07%
PCG	C	0.03%	0.05%	0.03%
PCTY	F	0.01%	0.01%	0.01%
PEG	B	0.02%	0.05%	0.02%
PEP	D	0.82%	0.3%	0.3%
PFE	C	0.21%	0.21%	0.21%
PFG	C	0.02%	0.03%	0.02%
PG	D	0.94%	0.51%	0.51%
PGR	B	0.29%	0.16%	0.16%
PH	C	0.02%	0.09%	0.02%
PHM	C	0.05%	0.03%	0.03%
PINS	D	0.0%	0.03%	0.0%
PKG	C	0.03%	0.02%	0.02%
PLD	C	0.05%	0.14%	0.05%
PLTR	B	0.0%	0.07%	0.0%
PM	A	0.06%	0.21%	0.06%
PNC	A	0.07%	0.08%	0.07%
PNR	D	0.02%	0.02%	0.02%
PODD	C	0.0%	0.02%	0.0%
POOL	F	0.02%	0.02%	0.02%
PPG	D	0.02%	0.04%	0.02%
PPL	D	0.01%	0.03%	0.01%
PRU	A	0.04%	0.06%	0.04%
PSA	B	0.07%	0.06%	0.06%
PSTG	B	0.0%	0.03%	0.0%
PSX	D	0.15%	0.08%	0.08%
PTC	C	0.08%	0.03%	0.03%
PWR	D	0.01%	0.05%	0.01%
PYPL	D	0.03%	0.08%	0.03%
QCOM	C	0.42%	0.3%	0.3%
QRVO	B	0.01%	0.02%	0.01%
RBLX	C	0.0%	0.02%	0.0%
RCL	B	0.0%	0.05%	0.0%
REG	B	0.01%	0.01%	0.01%
REGN	B	0.43%	0.15%	0.15%
RF	A	0.03%	0.03%	0.03%
RGEN	F	0.0%	0.01%	0.0%
RIVN	C	0.0%	0.01%	0.0%
RJF	D	0.01%	0.03%	0.01%
RMD	D	0.04%	0.04%	0.04%
ROK	C	0.06%	0.04%	0.04%
ROKU	D	0.0%	0.01%	0.0%
ROL	C	0.08%	0.02%	0.02%
ROP	C	0.51%	0.08%	0.08%
ROST	A	0.02%	0.06%	0.02%
RPM	D	0.0%	0.02%	0.0%
RPRX	D	0.01%	0.01%	0.01%
RS	C	0.01%	0.02%	0.01%
RSG	A	0.44%	0.06%	0.06%
RTX	D	0.08%	0.18%	0.08%
SBAC	C	0.01%	0.03%	0.01%
SBUX	F	0.03%	0.12%	0.03%
SCHW	C	0.04%	0.15%	0.04%
SE	B	0.01%	0.04%	0.01%
SEIC	C	0.01%	0.01%	0.01%
SHW	C	0.11%	0.1%	0.1%
SJM	F	0.07%	0.01%	0.01%
SLB	D	0.03%	0.09%	0.03%
SMCI	C	0.07%	0.06%	0.06%
SMFG	B	0.1%	0.12%	0.1%
SNA	D	0.03%	0.02%	0.02%
SNAP	C	0.0%	0.02%	0.0%
SNOW	F	0.0%	0.06%	0.0%
SNPS	B	0.14%	0.12%	0.12%
SO	B	0.42%	0.11%	0.11%
SOLV	F	0.02%	0.01%	0.01%
SONY	B	0.08%	0.14%	0.08%
SPG	B	0.02%	0.06%	0.02%
SPGI	A	0.03%	0.19%	0.03%
SQ	D	0.01%	0.05%	0.01%
SRE	B	0.03%	0.06%	0.03%
SSNC	B	0.01%	0.02%	0.01%
STE	D	0.01%	0.03%	0.01%
STLA	F	0.12%	0.06%	0.06%
STLD	C	0.02%	0.03%	0.02%
STT	B	0.03%	0.03%	0.03%
STX	B	0.01%	0.03%	0.01%
STZ	B	0.01%	0.05%	0.01%
SUI	C	0.01%	0.02%	0.01%
SWK	D	0.01%	0.02%	0.01%
SWKS	B	0.03%	0.02%	0.02%
SYF	A	0.03%	0.03%	0.03%
SYK	C	0.03%	0.15%	0.03%
SYY	D	0.03%	0.05%	0.03%
T	B	0.33%	0.18%	0.18%
TAP	F	0.01%	0.01%	0.01%
TDG	D	0.01%	0.09%	0.01%
TDY	D	0.05%	0.02%	0.02%
TECH	D	0.0%	0.01%	0.0%
TEL	A	0.09%	0.06%	0.06%
TER	B	0.04%	0.03%	0.03%
TFC	A	0.08%	0.07%	0.07%
TFX	C	0.0%	0.01%	0.0%
TGT	C	0.14%	0.09%	0.09%
TJX	A	0.33%	0.17%	0.17%
TM	F	0.18%	0.29%	0.18%
TMO	D	0.06%	0.27%	0.06%
TMUS	B	0.59%	0.13%	0.13%
TOST	D	0.0%	0.01%	0.0%
TPL	B	0.03%	0.02%	0.02%
TRGP	A	0.03%	0.04%	0.03%
TRMB	C	0.01%	0.02%	0.01%
TROW	B	0.05%	0.03%	0.03%
TRU	B	0.01%	0.02%	0.01%
TRV	D	0.24%	0.06%	0.06%
TSCO	D	0.05%	0.04%	0.04%
TSLA	C	0.13%	0.94%	0.13%
TSN	D	0.13%	0.02%	0.02%
TT	A	0.13%	0.1%	0.1%
TTC	C	0.02%	0.01%	0.01%
TTD	C	0.0%	0.06%	0.0%
TTWO	F	0.01%	0.03%	0.01%
TW	D	0.0%	0.02%	0.0%
TWLO	F	0.0%	0.01%	0.0%
TXN	B	0.49%	0.24%	0.24%
TXT	C	0.01%	0.02%	0.01%
TYL	B	0.0%	0.03%	0.0%
U	F	0.0%	0.01%	0.0%
UBER	C	0.01%	0.18%	0.01%
UDR	B	0.0%	0.02%	0.0%
UHAL	D	0.01%	0.01%	0.01%
UHS	B	0.01%	0.02%	0.01%
UL	A	0.26%	0.18%	0.18%
ULTA	D	0.07%	0.03%	0.03%
UNH	D	1.15%	0.6%	0.6%
UNP	D	0.26%	0.18%	0.18%
UPS	F	0.07%	0.13%	0.07%
URI	C	0.02%	0.06%	0.02%
USB	B	0.08%	0.08%	0.08%
UTHR	B	0.13%	0.02%	0.02%
V	F	1.09%	0.57%	0.57%
VEEV	D	0.04%	0.04%	0.04%
VICI	C	0.02%	0.04%	0.02%
VLO	D	0.09%	0.07%	0.07%
VLTO	D	0.04%	0.03%	0.03%
VMC	C	0.01%	0.04%	0.01%
VRSK	B	0.01%	0.05%	0.01%
VRSN	D	0.14%	0.02%	0.02%
VRT	D	0.0%	0.05%	0.0%
VRTX	A	0.45%	0.16%	0.16%
VST	C	0.01%	0.04%	0.01%
VTR	A	0.01%	0.03%	0.01%
VTRS	C	0.02%	0.02%	0.02%
VZ	B	0.59%	0.23%	0.23%
WAB	D	0.01%	0.04%	0.01%
WAT	D	0.03%	0.02%	0.02%
WBA	F	0.05%	0.01%	0.01%
WBD	F	0.05%	0.02%	0.02%
WCN	B	0.27%	0.06%	0.06%
WDAY	F	0.04%	0.06%	0.04%
WDC	B	0.01%	0.03%	0.01%
WEC	D	0.16%	0.03%	0.03%
WELL	B	0.02%	0.08%	0.02%
WFC	B	0.24%	0.29%	0.24%
WLK	D	0.0%	0.01%	0.0%
WM	B	0.52%	0.11%	0.11%
WMB	B	0.15%	0.07%	0.07%
WMT	B	0.64%	0.4%	0.4%
WPC	C	0.01%	0.02%	0.01%
WRB	D	0.13%	0.02%	0.02%
WRK	C	0.02%	0.02%	0.02%
WSM	C	0.04%	0.02%	0.02%
WSO	B	0.03%	0.02%	0.02%
WST	D	0.04%	0.03%	0.03%
WTRG	C	0.01%	0.01%	0.01%
WTW	B	0.06%	0.04%	0.04%
WY	D	0.01%	0.03%	0.01%
WYNN	F	0.0%	0.01%	0.0%
XEL	D	0.07%	0.04%	0.04%
XOM	D	0.47%	0.69%	0.47%
XRX	F	0.0%	0.02%	0.0%
XYL	D	0.01%	0.04%	0.01%
YUM	F	0.15%	0.05%	0.05%
Z	C	0.0%	0.01%	0.0%
ZBH	F	0.01%	0.03%	0.01%
ZBRA	B	0.01%	0.02%	0.01%
ZM	F	0.01%	0.02%	0.01%
ZTS	C	0.16%	0.11%	0.11%

QWLD Overweight 10 Positions Relative to ACWI

Symbol	Grade	Weight
CBOE	F	0.21%
TD	D	0.12%
MT	D	0.05%
BTI	A	0.04%
OTEX	D	0.01%
WFG	D	0.01%
CHRD	D	0.01%
CRBG	C	0.01%
QGEN	D	0.0%
FOX	A	0.0%

QWLD Underweight 68 Positions Relative to ACWI

Symbol	Grade	Weight
NVO	C	-0.61%
BABA	C	-0.19%
FI	C	-0.12%
IBN	B	-0.11%
PDD	D	-0.11%
MELI	B	-0.1%
HDB	C	-0.08%
CRH	C	-0.07%
FERG	D	-0.05%
COR	D	-0.05%
STM	D	-0.04%
HUBS	F	-0.04%
TEAM	D	-0.04%
MTD	D	-0.04%
GOLD	B	-0.04%
ALNY	A	-0.04%
MDB	F	-0.03%
MSTR	D	-0.03%
GIB	D	-0.03%
KB	B	-0.03%
BIDU	D	-0.03%
TCOM	D	-0.03%
AU	B	-0.02%
YUMC	F	-0.02%
LI	F	-0.02%
CYBR	C	-0.02%
RVTY	C	-0.02%
CHT	F	-0.02%
GEN	B	-0.02%
SHG	B	-0.02%
FWONK	B	-0.02%
LH	C	-0.02%
ZS	C	-0.02%
COO	D	-0.02%
TEVA	B	-0.02%
UMC	C	-0.02%
KEP	D	-0.01%
XPEV	D	-0.01%
BZ	D	-0.01%
TAL	F	-0.01%
VIPS	F	-0.01%
AZPN	F	-0.01%
HTHT	F	-0.01%
NIO	F	-0.01%
BGNE	F	-0.01%
FBIN	D	-0.01%
WIT	B	-0.01%
ZTO	F	-0.01%
CELH	F	-0.01%
NLY	B	-0.01%
WIX	C	-0.01%
MNDY	C	-0.01%
SCCO	C	-0.01%
BEKE	D	-0.01%
BAP	C	-0.01%
TME	B	-0.01%
KT	C	-0.0%
IQ	F	-0.0%
MNSO	F	-0.0%
ATHM	C	-0.0%
SKM	C	-0.0%
QFIN	C	-0.0%
DOOO	D	-0.0%
SBSW	F	-0.0%
LEGN	D	-0.0%
BVN	C	-0.0%
BILI	C	-0.0%
LPL	C	-0.0%