QWLD vs. AFLG ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Active Factor Large Cap ETF (AFLG)

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

$126.49

Average Daily Volume

3,777

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.85

Average Daily Volume

33,525

Number of Holdings ^*

247

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	AFLG
30 Days	-2.19%	0.46%
60 Days	-0.95%	4.93%
90 Days	1.55%	7.35%
12 Months	22.29%	35.71%

230 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in AFLG	Overlap
	AAPL	C	2.5%	6.85%	2.5%
	ABBV	F	0.41%	0.85%	0.41%
	ABBV	F	0.16%	0.85%	0.16%
	ACGL	C	0.25%	0.18%	0.18%
	ACN	C	0.65%	0.22%	0.22%
	ADBE	F	0.42%	0.31%	0.31%
	ADM	D	0.05%	0.06%	0.05%
	AFL	C	0.12%	0.75%	0.12%
	AIG	B	0.07%	0.28%	0.07%
	AIZ	A	0.08%	0.15%	0.08%
	ALL	A	0.07%	0.08%	0.07%
	ALLE	D	0.02%	0.01%	0.01%
	AMAT	F	0.32%	0.37%	0.32%
	AMCR	C	0.08%	0.04%	0.04%
	AMP	A	0.09%	0.16%	0.09%
	AMZN	B	0.37%	1.8%	0.37%
	ANET	C	0.21%	0.13%	0.13%
	AOS	F	0.02%	0.4%	0.02%
	APH	B	0.43%	0.6%	0.43%
	APP	A	0.0%	1.13%	0.0%
	AVB	A	0.01%	0.05%	0.01%
	AVGO	C	0.12%	1.38%	0.12%
	AXP	A	0.06%	0.41%	0.06%
	AZO	C	0.29%	0.18%	0.18%
	BAH	D	0.18%	0.22%	0.18%
	BBWI	C	0.0%	0.13%	0.0%
	BBY	C	0.05%	0.48%	0.05%
	BEN	C	0.01%	0.17%	0.01%
	BG	D	0.02%	0.06%	0.02%
	BK	A	0.05%	0.73%	0.05%
	BKNG	A	0.03%	0.29%	0.03%
	BLDR	D	0.04%	0.34%	0.04%
	BMY	B	0.21%	0.59%	0.21%
	BRK.A	A	0.72%	1.55%	0.72%
	BRO	B	0.14%	0.3%	0.14%
	BSX	B	0.02%	0.66%	0.02%
	CAH	B	0.12%	0.11%	0.11%
	CAT	B	0.39%	0.58%	0.39%
	CBOE	D	0.24%	0.36%	0.24%
	CDNS	B	0.14%	0.05%	0.05%
	CDW	F	0.08%	0.03%	0.03%
	CEG	D	0.02%	0.62%	0.02%
	CF	A	0.12%	0.39%	0.12%
	CFG	A	0.04%	0.27%	0.04%
	CI	D	0.17%	0.15%	0.15%
	CL	D	0.19%	0.57%	0.19%
	CMCSA	B	0.17%	0.56%	0.17%
	CME	A	0.15%	0.23%	0.15%
	CMG	B	0.13%	0.32%	0.13%
	CMI	A	0.09%	0.51%	0.09%
	CNC	F	0.05%	0.19%	0.05%
	COR	B	0.42%	0.58%	0.42%
	COST	B	0.75%	0.9%	0.75%
	CPT	D	0.0%	0.15%	0.0%
	CRBG	B	0.01%	0.09%	0.01%
	CRM	A	0.05%	0.62%	0.05%
	CSCO	B	1.02%	0.45%	0.45%
	CSL	B	0.03%	0.41%	0.03%
	CTAS	B	0.14%	0.71%	0.14%
	CTSH	B	0.21%	0.47%	0.21%
	CVS	F	0.18%	0.18%	0.18%
	CVX	A	0.31%	0.43%	0.31%
	DASH	B	0.0%	0.06%	0.0%
	DECK	A	0.05%	0.28%	0.05%
	DELL	C	0.01%	0.14%	0.01%
	DHI	D	0.11%	0.33%	0.11%
	DINO	D	0.05%	0.06%	0.05%
	DKS	D	0.02%	0.04%	0.02%
	DPZ	C	0.06%	0.05%	0.05%
	DVN	F	0.03%	0.3%	0.03%
	EA	A	0.19%	0.3%	0.19%
	EBAY	D	0.01%	0.1%	0.01%
	ECL	D	0.01%	0.54%	0.01%
	ED	D	0.36%	0.25%	0.25%
	EG	D	0.06%	0.15%	0.06%
	EIX	C	0.02%	0.22%	0.02%
	ELV	F	0.22%	0.72%	0.22%
	EME	B	0.04%	0.68%	0.04%
	EPAM	B	0.02%	0.05%	0.02%
	EQH	B	0.01%	0.0%	0.0%
	EQR	C	0.01%	0.1%	0.01%
	ERIE	F	0.12%	0.24%	0.12%
	ESS	A	0.01%	0.05%	0.01%
	ETN	A	0.03%	0.56%	0.03%
	EVRG	A	0.01%	0.28%	0.01%
	EXPE	A	0.01%	0.22%	0.01%
	FDX	A	0.07%	0.24%	0.07%
	FE	C	0.01%	0.52%	0.01%
	FFIV	B	0.16%	0.6%	0.16%
	FI	A	0.08%	0.12%	0.08%
	FICO	A	0.04%	0.81%	0.04%
	FIS	B	0.02%	0.37%	0.02%
	FOXA	A	0.01%	0.55%	0.01%
	GDDY	A	0.23%	0.53%	0.23%
	GE	D	0.31%	0.16%	0.16%
	GEN	B	0.12%	0.1%	0.1%
	GILD	B	0.25%	0.62%	0.25%
	GLPI	D	0.01%	0.4%	0.01%
	GOOGL	B	1.08%	2.07%	1.08%
	GRMN	B	0.05%	0.42%	0.05%
	GWW	A	0.11%	0.2%	0.11%
	HIG	C	0.03%	1.09%	0.03%
	HLT	A	0.01%	0.35%	0.01%
	HOLX	D	0.01%	0.04%	0.01%
	HPQ	B	0.04%	0.5%	0.04%
	HSIC	D	0.01%	0.36%	0.01%
	HST	D	0.01%	0.39%	0.01%
	HUM	F	0.16%	0.16%	0.16%
	HWM	A	0.01%	0.44%	0.01%
	IBM	D	0.48%	0.43%	0.43%
	ICE	D	0.03%	0.4%	0.03%
	INCY	B	0.16%	0.25%	0.16%
	IP	A	0.02%	0.33%	0.02%
	IPG	F	0.02%	0.07%	0.02%
	IT	B	0.04%	0.13%	0.04%
	J	D	0.01%	0.09%	0.01%
	JBL	C	0.02%	0.19%	0.02%
	JNJ	D	1.11%	0.71%	0.71%
	KEYS	C	0.18%	0.21%	0.18%
	KHC	F	0.21%	0.11%	0.11%
	KLAC	F	0.16%	0.11%	0.11%
	KMB	C	0.11%	0.05%	0.05%
	KO	D	0.57%	0.33%	0.33%
	KR	B	0.32%	0.49%	0.32%
	L	A	0.17%	0.18%	0.17%
	LDOS	C	0.01%	0.16%	0.01%
	LEN	D	0.09%	0.33%	0.09%
	LH	B	0.02%	0.1%	0.02%
	LII	B	0.0%	0.25%	0.0%
	LKQ	D	0.01%	0.17%	0.01%
	LLY	F	1.17%	0.46%	0.46%
	LMT	D	0.43%	0.36%	0.36%
	LOW	A	0.07%	0.33%	0.07%
	LYB	F	0.03%	0.07%	0.03%
	MA	A	0.7%	0.21%	0.21%
	MAA	A	0.01%	0.47%	0.01%
	MANH	D	0.04%	0.26%	0.04%
	MAS	D	0.01%	0.52%	0.01%
	MCK	A	0.51%	0.52%	0.51%
	MCO	C	0.12%	0.05%	0.05%
	MET	A	0.05%	0.04%	0.04%
	META	C	2.14%	1.84%	1.84%
	MMM	D	0.14%	0.56%	0.14%
	MO	A	0.04%	0.95%	0.04%
	MOH	F	0.06%	0.09%	0.06%
	MOS	D	0.02%	0.03%	0.02%
	MPC	D	0.17%	0.12%	0.12%
	MRK	F	0.44%	0.64%	0.44%
	MSFT	D	2.29%	4.59%	2.29%
	MSI	A	0.61%	0.39%	0.39%
	MTCH	F	0.0%	0.26%	0.0%
	NFLX	A	0.51%	0.82%	0.51%
	NRG	B	0.02%	0.8%	0.02%
	NTAP	D	0.04%	0.62%	0.04%
	NUE	D	0.05%	0.39%	0.05%
	NVDA	B	2.56%	5.38%	2.56%
	NVR	D	0.06%	0.47%	0.06%
	NWSA	B	0.01%	0.19%	0.01%
	NXPI	F	0.02%	0.05%	0.02%
	OC	A	0.03%	0.36%	0.03%
	ORLY	A	0.24%	0.06%	0.06%
	PCAR	B	0.11%	0.41%	0.11%
	PEG	C	0.02%	0.54%	0.02%
	PFG	C	0.02%	0.04%	0.02%
	PG	C	0.89%	0.81%	0.81%
	PGR	B	0.35%	0.73%	0.35%
	PH	A	0.02%	0.24%	0.02%
	PHM	D	0.06%	0.53%	0.06%
	PINS	F	0.0%	0.04%	0.0%
	PKG	B	0.04%	0.35%	0.04%
	PM	A	0.07%	0.34%	0.07%
	PPG	F	0.01%	0.19%	0.01%
	PPL	A	0.01%	0.05%	0.01%
	PRU	A	0.05%	0.09%	0.05%
	PSA	C	0.08%	0.05%	0.05%
	PSX	C	0.13%	0.09%	0.09%
	QCOM	F	0.34%	0.95%	0.34%
	QRVO	F	0.0%	0.05%	0.0%
	RF	A	0.03%	0.28%	0.03%
	RMD	C	0.05%	0.1%	0.05%
	ROL	A	0.08%	0.06%	0.06%
	ROST	D	0.02%	0.04%	0.02%
	RPM	A	0.01%	0.12%	0.01%
	RS	B	0.02%	0.67%	0.02%
	SHW	B	0.14%	0.2%	0.14%
	SNA	A	0.04%	0.63%	0.04%
	SNPS	C	0.13%	0.06%	0.06%
	SO	C	0.45%	0.13%	0.13%
	SOLV	C	0.03%	0.26%	0.03%
	SPG	A	0.02%	0.58%	0.02%
	SPGI	C	0.03%	0.08%	0.03%
	SSNC	D	0.01%	0.09%	0.01%
	STLD	B	0.03%	0.47%	0.03%
	STT	A	0.03%	0.05%	0.03%
	SWKS	F	0.03%	0.21%	0.03%
	SYF	A	0.04%	0.29%	0.04%
	SYK	A	0.03%	0.15%	0.03%
	T	A	0.38%	0.18%	0.18%
	TDG	D	0.01%	0.0%	0.0%
	TJX	A	0.33%	0.37%	0.33%
	TMUS	A	0.73%	0.35%	0.35%
	TPL	A	0.05%	0.08%	0.05%
	TRGP	A	0.04%	0.34%	0.04%
	TROW	A	0.05%	0.2%	0.05%
	TT	A	0.14%	0.49%	0.14%
	TXT	D	0.01%	0.08%	0.01%
	UDR	C	0.0%	0.05%	0.0%
	UHS	D	0.01%	0.93%	0.01%
	ULTA	D	0.07%	0.15%	0.07%
	UNH	B	1.34%	0.28%	0.28%
	UTHR	B	0.16%	0.05%	0.05%
	V	A	1.19%	0.3%	0.3%
	VICI	C	0.02%	0.42%	0.02%
	VLO	C	0.07%	0.3%	0.07%
	VRSN	D	0.14%	0.21%	0.14%
	VRT	A	0.0%	0.15%	0.0%
	VST	A	0.01%	1.18%	0.01%
	VTR	C	0.01%	0.21%	0.01%
	VTRS	A	0.03%	0.1%	0.03%
	VZ	C	0.56%	0.46%	0.46%
	WAB	B	0.01%	0.39%	0.01%
	WBA	F	0.04%	0.04%	0.04%
	WELL	A	0.02%	0.32%	0.02%
	WMT	A	0.75%	0.58%	0.58%
	WPC	D	0.01%	0.21%	0.01%
	WSM	F	0.03%	0.3%	0.03%
	WSO	A	0.03%	0.06%	0.03%
	WTW	B	0.07%	0.05%	0.05%
	XOM	B	0.47%	0.73%	0.47%
	ZM	B	0.01%	0.25%	0.01%

QWLD Overweight 379 Positions Relative to AFLG

	Symbol	Grade	Weight
	GOOG	B	0.95%
	NVS	D	0.81%
	PEP	F	0.79%
	JPM	A	0.59%
	WM	B	0.52%
	MMC	C	0.51%
	TXN	C	0.51%
	ROP	C	0.49%
	VRTX	C	0.45%
	RSG	B	0.45%
	MCD	D	0.41%
	BAC	A	0.38%
	CB	C	0.38%
	DUK	C	0.36%
	REGN	F	0.33%
	NOC	D	0.33%
	GIS	D	0.33%
	TRV	A	0.29%
	WFC	A	0.27%
	UNP	D	0.27%
	UL	D	0.27%
	ADP	B	0.26%
	WCN	A	0.26%
	ISRG	A	0.25%
	C	A	0.25%
	INTU	A	0.25%
	HON	A	0.25%
	ORCL	A	0.25%
	HSBH	A	0.25%
	MFG	A	0.22%
	K	B	0.22%
	LRCX	F	0.2%
	WMB	A	0.19%
	GD	D	0.19%
	PFE	F	0.19%
	WEC	A	0.19%
	GM	A	0.18%
	CHD	A	0.18%
	PANW	B	0.18%
	AMGN	D	0.18%
	AJG	A	0.18%
	AON	A	0.17%
	CHKP	D	0.17%
	GS	A	0.17%
	HSY	F	0.16%
	NKE	D	0.16%
	ZTS	D	0.15%
	YUM	D	0.15%
	MDLZ	F	0.15%
	ITW	B	0.14%
	TGT	D	0.14%
	KDP	D	0.14%
	TSLA	B	0.14%
	WRB	A	0.14%
	HD	A	0.14%
	TM	F	0.14%
	JNPR	D	0.13%
	AKAM	F	0.13%
	TSN	A	0.13%
	MUFG	A	0.13%
	FCNCA	A	0.12%
	CSX	B	0.12%
	TD	D	0.12%
	MKL	A	0.12%
	E	F	0.12%
	DEO	F	0.11%
	BCS	A	0.11%
	NBIX	D	0.11%
	MS	A	0.11%
	ADSK	B	0.1%
	SMFG	A	0.1%
	COP	C	0.1%
	COF	A	0.1%
	DGX	A	0.1%
	CNI	F	0.1%
	PAYX	B	0.1%
	INTC	C	0.1%
	LYG	C	0.09%
	TFC	A	0.09%
	FANG	D	0.09%
	RTX	D	0.09%
	CPB	D	0.09%
	FAST	B	0.09%
	ABT	B	0.09%
	PNC	A	0.09%
	USB	B	0.09%
	HRL	D	0.09%
	F	C	0.09%
	KVUE	A	0.08%
	BDX	F	0.08%
	CPRT	A	0.08%
	SONY	D	0.08%
	PTC	B	0.08%
	XEL	A	0.08%
	ODFL	B	0.08%
	DIS	A	0.08%
	STLA	F	0.08%
	AEE	A	0.08%
	A	D	0.07%
	EW	C	0.07%
	JKHY	D	0.07%
	UPS	C	0.07%
	AEP	C	0.07%
	MNST	D	0.07%
	HMC	F	0.07%
	LULU	C	0.07%
	BMRN	F	0.07%
	IDXX	F	0.07%
	SJM	F	0.07%
	MPWR	F	0.06%
	CHTR	B	0.06%
	D	C	0.06%
	TSCO	D	0.06%
	TDY	B	0.06%
	WBD	B	0.06%
	LOGI	F	0.06%
	MDT	D	0.06%
	LIN	D	0.06%
	ROK	A	0.06%
	DE	D	0.06%
	TMO	D	0.06%
	MCHP	F	0.06%
	CTVA	D	0.05%
	VEEV	C	0.05%
	MTB	A	0.05%
	VLTO	D	0.05%
	DOV	A	0.05%
	MT	B	0.05%
	CMS	C	0.05%
	LNG	A	0.05%
	GPC	D	0.05%
	DHR	D	0.05%
	NEE	C	0.05%
	EOG	A	0.05%
	SBUX	A	0.04%
	KMI	A	0.04%
	HCA	D	0.04%
	AMD	F	0.04%
	HPE	B	0.04%
	EXPD	D	0.04%
	DOW	F	0.04%
	WST	C	0.04%
	NEM	F	0.04%
	ADI	D	0.04%
	SCHW	A	0.04%
	BR	A	0.04%
	WDAY	B	0.04%
	HUBB	B	0.04%
	PYPL	A	0.04%
	WAT	B	0.04%
	CAG	F	0.04%
	PLD	D	0.04%
	OMC	C	0.04%
	LPLA	A	0.04%
	DFS	A	0.04%
	MU	D	0.04%
	BTI	C	0.04%
	KEY	A	0.03%
	LHX	B	0.03%
	LNT	A	0.03%
	ETR	A	0.03%
	GGG	A	0.03%
	AVY	D	0.03%
	TER	F	0.03%
	BX	A	0.03%
	FCX	F	0.03%
	APD	A	0.03%
	FDS	A	0.03%
	IEX	B	0.03%
	APA	F	0.03%
	SYY	D	0.03%
	CBRE	B	0.03%
	PNR	A	0.03%
	JCI	A	0.03%
	POOL	D	0.03%
	SW	A	0.03%
	OKE	A	0.03%
	JBHT	B	0.03%
	NSC	B	0.03%
	EMR	A	0.03%
	SLB	C	0.03%
	HBAN	A	0.03%
	EXC	C	0.03%
	PCG	A	0.03%
	FITB	A	0.03%
	DRI	B	0.03%
	SRE	A	0.03%
	OXY	F	0.03%
	PARA	C	0.02%
	ACI	C	0.02%
	ALLY	C	0.02%
	HAL	C	0.02%
	NMR	B	0.02%
	CNH	D	0.02%
	WY	D	0.02%
	TTC	D	0.02%
	APO	A	0.02%
	MKTX	C	0.02%
	SEIC	A	0.02%
	NTRS	A	0.02%
	GEHC	D	0.02%
	OVV	C	0.02%
	DTE	C	0.02%
	SMCI	F	0.02%
	CINF	A	0.02%
	AFG	A	0.02%
	ENPH	F	0.02%
	AER	B	0.02%
	RJF	A	0.02%
	CTRA	A	0.02%
	DLR	A	0.02%
	CARR	D	0.02%
	PAYC	B	0.02%
	MRO	A	0.02%
	GPN	B	0.02%
	GLW	B	0.02%
	NDSN	B	0.02%
	AMT	D	0.02%
	O	D	0.02%
	DD	D	0.02%
	BKR	A	0.02%
	URI	B	0.02%
	KKR	A	0.02%
	GEV	A	0.02%
	ARES	B	0.01%
	MGM	D	0.01%
	VRSK	B	0.01%
	CTLT	C	0.01%
	DVA	C	0.01%
	WTRG	C	0.01%
	FSLR	F	0.01%
	UHAL	D	0.01%
	SBAC	D	0.01%
	RCL	A	0.01%
	FBIN	D	0.01%
	RPRX	F	0.01%
	EL	F	0.01%
	TTWO	A	0.01%
	FOX	A	0.01%
	BURL	C	0.01%
	COIN	A	0.01%
	HII	F	0.01%
	CLX	A	0.01%
	FTNT	A	0.01%
	TRMB	A	0.01%
	REG	A	0.01%
	STE	D	0.01%
	IRM	D	0.01%
	TRU	D	0.01%
	CCL	A	0.01%
	SUI	D	0.01%
	TWLO	A	0.01%
	MBAVU	A	0.01%
	AVTR	F	0.01%
	INVH	D	0.01%
	MKC	D	0.01%
	DAL	A	0.01%
	STX	D	0.01%
	AES	F	0.01%
	CCEP	D	0.01%
	EFX	F	0.01%
	CG	B	0.01%
	DOC	D	0.01%
	XYL	D	0.01%
	ACM	B	0.01%
	STZ	D	0.01%
	BXP	D	0.01%
	RVTY	D	0.01%
	AGCO	D	0.01%
	CHRD	F	0.01%
	CCK	D	0.01%
	ZBRA	B	0.01%
	CE	F	0.01%
	BALL	D	0.01%
	CPAY	A	0.01%
	DLTR	F	0.01%
	SE	B	0.01%
	FTV	D	0.01%
	ARE	D	0.01%
	AWK	C	0.01%
	WFG	D	0.01%
	IR	A	0.01%
	EMN	C	0.01%
	ALB	C	0.01%
	NI	A	0.01%
	NDAQ	A	0.01%
	ABNB	C	0.01%
	KNX	B	0.01%
	KIM	A	0.01%
	OTIS	D	0.01%
	IFF	D	0.01%
	MRNA	F	0.01%
	WDC	F	0.01%
	VMC	B	0.01%
	MRVL	B	0.01%
	MLM	B	0.01%
	PWR	A	0.01%
	BSY	D	0.01%
	CNP	A	0.01%
	APTV	F	0.01%
	FNF	C	0.01%
	ZBH	C	0.01%
	MAR	A	0.01%
	TAP	A	0.01%
	ATO	A	0.01%
	CHRW	A	0.01%
	UBER	C	0.01%
	HES	B	0.01%
	AME	A	0.01%
	DG	F	0.01%
	IQV	F	0.01%
	EXR	C	0.01%
	SWK	F	0.01%
	BIIB	F	0.01%
	NOW	B	0.01%
	BA	F	0.01%
	ES	C	0.01%
	CCI	D	0.01%
	SQ	A	0.01%
	BAX	F	0.01%
	EQT	A	0.01%
	MELI	D	0.01%
	ON	F	0.01%
	KMX	B	0.01%
	EQIX	B	0.01%
	GLBE	B	0.0%
	IOT	B	0.0%
	NET	C	0.0%
	XRX	F	0.0%
	TOST	A	0.0%
	RBLX	B	0.0%
	DKNG	B	0.0%
	DDOG	B	0.0%
	SNAP	D	0.0%
	H	B	0.0%
	PSTG	F	0.0%
	HEI	A	0.0%
	FUTU	C	0.0%
	DT	C	0.0%
	PODD	A	0.0%
	DOCU	A	0.0%
	SNOW	C	0.0%
	GRAB	A	0.0%
	MSTR	B	0.0%
	DAY	B	0.0%
	WYNN	D	0.0%
	EXAS	F	0.0%
	DXCM	C	0.0%
	ROKU	D	0.0%
	TECH	D	0.0%
	CRWD	B	0.0%
	OKTA	D	0.0%
	TYL	B	0.0%
	Z	A	0.0%
	HOOD	A	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	A	0.0%
	LUV	A	0.0%
	LYV	A	0.0%
	MSCI	A	0.0%
	WLK	F	0.0%
	PLTR	A	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	CSGP	F	0.0%
	LVS	C	0.0%
	TFX	F	0.0%
	AMH	C	0.0%
	OTEX	F	0.0%
	ANSS	B	0.0%
	ALGN	D	0.0%
	CRL	D	0.0%
	BIO	C	0.0%
	ILMN	C	0.0%

QWLD Underweight 18 Positions Relative to AFLG

	Symbol	Grade	Weight
	RL	B	-0.83%
	TPR	A	-0.44%
	CNA	C	-0.41%
	RHI	B	-0.38%
	IBKR	A	-0.37%
	OGN	F	-0.3%
	WU	F	-0.28%
	VSCO	A	-0.27%
	ALNY	D	-0.23%
	TOL	B	-0.16%
	GL	B	-0.16%
	SCCO	F	-0.11%
	DXC	C	-0.09%
	ETSY	D	-0.09%
	CVNA	A	-0.07%
	ZION	A	-0.06%
	BWA	A	-0.04%
	IVZ	B	-0.04%

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

AFLG: Top Represented Industries & Keywords

Industries: Specialty Retail Information Technology Services Asset Management Health Care Plans Software - Application Drug Manufacturers - Major Insurance - Diversified Internet Content & Information REIT - Residential Semiconductors Business Services Credit Services Diversified Industrials Insurance - Life Residential Construction Specialty Chemicals Utilities - Regulated Electric Insurance - Property & Casualty Medical Distribution Oil & Gas Refining & Marketing

Keywords: S&P 500 Nasdaq 100 Insurance Dow Jones Component Computing Electronics Natural Gas Mobile Devices Telecommunications Disability Insurance Products Real Estate Investment Trust Aerospace Electricity IBD 50 Life Insurance Cloud Computing Health Insurance Medicine Retail Store