QWLD vs. APUE ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

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

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	APUE
30 Days	0.82%	3.74%
60 Days	0.23%	4.87%
90 Days	0.87%	6.08%
12 Months	22.65%	33.10%

267 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in APUE	Overlap
	A	D	0.06%	0.09%	0.06%
	AAPL	C	2.57%	5.79%	2.57%
	ABBV	D	0.34%	0.6%	0.34%
	ABBV	D	0.16%	0.6%	0.16%
	ABNB	C	0.01%	0.11%	0.01%
	ABT	B	0.09%	0.25%	0.09%
	ACGL	D	0.26%	0.06%	0.06%
	ACN	C	0.65%	0.58%	0.58%
	ADBE	C	0.42%	0.47%	0.42%
	ADI	D	0.04%	0.29%	0.04%
	ADM	D	0.05%	0.03%	0.03%
	ADP	B	0.26%	0.17%	0.17%
	AEE	A	0.09%	0.1%	0.09%
	AEP	D	0.07%	0.22%	0.07%
	AER	B	0.02%	0.42%	0.02%
	AFL	B	0.12%	0.41%	0.12%
	AIG	B	0.07%	0.14%	0.07%
	ALL	A	0.08%	0.08%	0.08%
	AMAT	F	0.29%	0.39%	0.29%
	AMD	F	0.03%	0.45%	0.03%
	AMGN	D	0.16%	0.18%	0.16%
	AMT	D	0.02%	0.22%	0.02%
	AMZN	C	0.37%	3.5%	0.37%
	ANET	C	0.19%	0.24%	0.19%
	AON	A	0.17%	0.08%	0.08%
	APD	A	0.03%	0.09%	0.03%
	APH	A	0.43%	0.43%	0.43%
	APO	B	0.02%	0.06%	0.02%
	ARE	D	0.01%	0.07%	0.01%
	AVB	B	0.01%	0.08%	0.01%
	AVGO	D	0.11%	1.41%	0.11%
	AXP	A	0.06%	0.39%	0.06%
	BA	F	0.01%	0.06%	0.01%
	BAC	A	0.39%	0.49%	0.39%
	BALL	D	0.01%	0.13%	0.01%
	BEN	C	0.01%	0.07%	0.01%
	BK	A	0.05%	0.37%	0.05%
	BLK	C	0.25%	0.3%	0.25%
	BMY	B	0.21%	0.18%	0.18%
	BR	A	0.04%	0.29%	0.04%
	BRK.A	B	0.73%	1.84%	0.73%
	BSX	B	0.02%	0.28%	0.02%
	BX	A	0.03%	0.25%	0.03%
	C	A	0.25%	0.38%	0.25%
	CAH	B	0.13%	0.1%	0.1%
	CARR	D	0.02%	0.15%	0.02%
	CAT	B	0.36%	0.29%	0.29%
	CB	C	0.4%	0.06%	0.06%
	CBOE	B	0.24%	0.17%	0.17%
	CBRE	B	0.03%	0.07%	0.03%
	CCI	D	0.01%	0.08%	0.01%
	CCL	B	0.01%	0.16%	0.01%
	CEG	D	0.02%	0.11%	0.02%
	CI	F	0.18%	0.05%	0.05%
	CL	D	0.2%	0.1%	0.1%
	CMCSA	B	0.17%	0.27%	0.17%
	CMG	B	0.14%	0.12%	0.12%
	CMI	A	0.1%	0.11%	0.1%
	CNC	D	0.05%	0.03%	0.03%
	COF	B	0.1%	0.3%	0.1%
	COIN	C	0.01%	0.15%	0.01%
	COP	C	0.1%	0.24%	0.1%
	COR	B	0.41%	0.08%	0.08%
	COST	B	0.76%	0.81%	0.76%
	CPRT	A	0.08%	0.11%	0.08%
	CRBG	B	0.01%	0.07%	0.01%
	CRM	B	0.06%	0.62%	0.06%
	CRWD	B	0.0%	0.13%	0.0%
	CSCO	B	1.03%	0.38%	0.38%
	CSGP	D	0.0%	0.06%	0.0%
	CTAS	B	0.14%	0.31%	0.14%
	CTRA	B	0.02%	0.04%	0.02%
	CTSH	B	0.2%	0.07%	0.07%
	CTVA	C	0.04%	0.06%	0.04%
	CVS	D	0.16%	0.05%	0.05%
	CVX	A	0.33%	0.31%	0.31%
	DAL	C	0.01%	0.05%	0.01%
	DASH	A	0.01%	0.2%	0.01%
	DD	D	0.02%	0.1%	0.02%
	DE	A	0.06%	0.15%	0.06%
	DECK	A	0.05%	0.31%	0.05%
	DELL	C	0.01%	0.05%	0.01%
	DGX	A	0.11%	0.13%	0.11%
	DHI	D	0.1%	0.22%	0.1%
	DHR	F	0.05%	0.39%	0.05%
	DIS	B	0.1%	0.44%	0.1%
	DLR	B	0.02%	0.08%	0.02%
	DLTR	F	0.01%	0.02%	0.01%
	DOV	A	0.05%	0.14%	0.05%
	DRI	B	0.03%	0.08%	0.03%
	DTE	C	0.02%	0.02%	0.02%
	DUK	C	0.36%	0.4%	0.36%
	DVN	F	0.03%	0.06%	0.03%
	ECL	D	0.01%	0.12%	0.01%
	ED	D	0.35%	0.15%	0.15%
	EFX	F	0.01%	0.09%	0.01%
	EG	C	0.06%	0.04%	0.04%
	ELV	F	0.21%	0.04%	0.04%
	EMR	A	0.03%	0.13%	0.03%
	ENTG	D	0.0%	0.31%	0.0%
	EOG	A	0.06%	0.11%	0.06%
	EQR	B	0.01%	0.3%	0.01%
	ESS	B	0.01%	0.15%	0.01%
	ETN	A	0.03%	0.39%	0.03%
	ETR	B	0.03%	0.3%	0.03%
	EVRG	A	0.01%	0.16%	0.01%
	EW	C	0.07%	0.05%	0.05%
	EXR	D	0.01%	0.07%	0.01%
	FCX	D	0.02%	0.16%	0.02%
	FDX	B	0.07%	0.18%	0.07%
	FI	A	0.09%	0.33%	0.09%
	FNF	B	0.01%	0.13%	0.01%
	FOX	A	0.01%	0.14%	0.01%
	FOXA	B	0.01%	0.13%	0.01%
	FSLR	F	0.01%	0.04%	0.01%
	GD	F	0.18%	0.06%	0.06%
	GDDY	A	0.25%	0.16%	0.16%
	GE	D	0.31%	0.47%	0.31%
	GEN	B	0.12%	0.05%	0.05%
	GEV	B	0.02%	0.14%	0.02%
	GILD	C	0.24%	0.16%	0.16%
	GIS	D	0.33%	0.01%	0.01%
	GM	B	0.19%	0.22%	0.19%
	GOOG	C	0.94%	1.63%	0.94%
	GOOGL	C	1.07%	1.98%	1.07%
	GPN	B	0.02%	0.05%	0.02%
	GRMN	B	0.05%	0.15%	0.05%
	GS	A	0.17%	0.32%	0.17%
	GWW	B	0.11%	0.27%	0.11%
	HCA	F	0.04%	0.31%	0.04%
	HD	A	0.15%	0.59%	0.15%
	HIG	B	0.03%	0.12%	0.03%
	HOLX	D	0.01%	0.12%	0.01%
	HON	B	0.26%	0.3%	0.26%
	HST	C	0.01%	0.0%	0.0%
	HUBB	B	0.04%	0.04%	0.04%
	HWM	A	0.01%	0.16%	0.01%
	IBM	C	0.46%	0.42%	0.42%
	ICE	C	0.03%	0.15%	0.03%
	INTU	C	0.27%	0.49%	0.27%
	IP	B	0.02%	0.16%	0.02%
	IR	B	0.01%	0.05%	0.01%
	IRM	D	0.01%	0.16%	0.01%
	ISRG	A	0.25%	0.43%	0.25%
	J	F	0.01%	0.04%	0.01%
	JKHY	D	0.07%	0.23%	0.07%
	JNJ	D	1.1%	0.89%	0.89%
	JPM	A	0.6%	1.5%	0.6%
	KHC	F	0.2%	0.07%	0.07%
	KKR	A	0.02%	0.21%	0.02%
	KLAC	D	0.14%	0.19%	0.14%
	KMB	D	0.11%	0.13%	0.11%
	KO	D	0.56%	0.42%	0.42%
	KR	B	0.31%	0.09%	0.09%
	KVUE	A	0.08%	0.07%	0.07%
	L	A	0.17%	0.25%	0.17%
	LEN	D	0.09%	0.15%	0.09%
	LEN	D	0.09%	0.2%	0.09%
	LIN	D	0.06%	0.33%	0.06%
	LLY	F	1.14%	1.16%	1.14%
	LMT	D	0.42%	0.15%	0.15%
	LNG	B	0.06%	0.07%	0.06%
	LOW	D	0.07%	0.35%	0.07%
	LRCX	F	0.18%	0.2%	0.18%
	LW	C	0.0%	0.25%	0.0%
	MA	C	0.71%	0.59%	0.59%
	MAS	D	0.01%	0.24%	0.01%
	MCD	D	0.42%	0.23%	0.23%
	MCK	B	0.58%	0.11%	0.11%
	MDLZ	F	0.14%	0.28%	0.14%
	MDT	D	0.06%	0.33%	0.06%
	META	D	2.11%	2.28%	2.11%
	MKL	A	0.13%	0.07%	0.07%
	MNST	C	0.07%	0.04%	0.04%
	MO	A	0.04%	0.47%	0.04%
	MPC	D	0.17%	0.13%	0.13%
	MPWR	F	0.04%	0.06%	0.04%
	MRK	F	0.42%	0.35%	0.35%
	MS	A	0.12%	0.23%	0.12%
	MSFT	F	2.3%	5.41%	2.3%
	MSTR	C	0.0%	0.03%	0.0%
	MU	D	0.04%	0.16%	0.04%
	NDAQ	A	0.01%	0.06%	0.01%
	NEE	D	0.06%	0.2%	0.06%
	NEM	D	0.04%	0.07%	0.04%
	NFLX	A	0.54%	0.74%	0.54%
	NI	A	0.01%	0.18%	0.01%
	NOW	A	0.01%	0.47%	0.01%
	NTAP	C	0.04%	0.05%	0.04%
	NUE	C	0.04%	0.04%	0.04%
	NVDA	C	2.53%	5.97%	2.53%
	ORCL	B	0.25%	0.42%	0.25%
	PANW	C	0.18%	0.17%	0.17%
	PCAR	B	0.11%	0.31%	0.11%
	PCG	A	0.03%	0.12%	0.03%
	PEG	A	0.02%	0.14%	0.02%
	PEP	F	0.77%	0.32%	0.32%
	PFE	D	0.18%	0.25%	0.18%
	PFG	D	0.02%	0.04%	0.02%
	PG	A	0.95%	0.99%	0.95%
	PGR	A	0.35%	0.26%	0.26%
	PH	A	0.02%	0.33%	0.02%
	PHM	D	0.06%	0.29%	0.06%
	PKG	A	0.04%	0.07%	0.04%
	PLD	D	0.04%	0.18%	0.04%
	PLTR	B	0.0%	0.11%	0.0%
	PM	B	0.07%	0.25%	0.07%
	PPL	B	0.01%	0.19%	0.01%
	PSX	C	0.14%	0.05%	0.05%
	PWR	A	0.01%	0.11%	0.01%
	PYPL	B	0.04%	0.15%	0.04%
	QCOM	F	0.32%	0.48%	0.32%
	RBLX	C	0.0%	0.06%	0.0%
	RCL	A	0.01%	0.08%	0.01%
	REGN	F	0.31%	0.18%	0.18%
	ROK	B	0.06%	0.08%	0.06%
	ROP	B	0.48%	0.17%	0.17%
	ROST	C	0.02%	0.06%	0.02%
	RSG	A	0.46%	0.05%	0.05%
	RTX	C	0.09%	0.21%	0.09%
	SHW	A	0.14%	0.27%	0.14%
	SLB	C	0.03%	0.05%	0.03%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.04%	0.27%	0.04%
	SNPS	B	0.12%	0.1%	0.1%
	SO	D	0.46%	0.22%	0.22%
	SPG	B	0.02%	0.46%	0.02%
	SPGI	C	0.04%	0.26%	0.04%
	SQ	B	0.02%	0.06%	0.02%
	STLD	B	0.02%	0.11%	0.02%
	STT	A	0.03%	0.09%	0.03%
	SWKS	F	0.03%	0.1%	0.03%
	SYF	B	0.04%	0.11%	0.04%
	SYK	C	0.03%	0.38%	0.03%
	T	A	0.39%	0.43%	0.39%
	TGT	F	0.15%	0.16%	0.15%
	TJX	A	0.35%	0.32%	0.32%
	TMO	F	0.06%	0.29%	0.06%
	TMUS	B	0.76%	0.41%	0.41%
	TSLA	B	0.16%	1.68%	0.16%
	TT	A	0.15%	0.17%	0.15%
	TTC	D	0.02%	0.19%	0.02%
	TW	A	0.0%	0.07%	0.0%
	TXN	C	0.48%	0.29%	0.29%
	TXT	D	0.01%	0.15%	0.01%
	UBER	D	0.01%	0.29%	0.01%
	UNH	C	1.35%	1.04%	1.04%
	UNP	C	0.26%	0.38%	0.26%
	UPS	C	0.07%	0.1%	0.07%
	URI	B	0.02%	0.26%	0.02%
	V	A	1.21%	0.64%	0.64%
	VICI	C	0.02%	0.25%	0.02%
	VLO	C	0.08%	0.06%	0.06%
	VLTO	D	0.05%	0.03%	0.03%
	VRTX	F	0.43%	0.21%	0.21%
	VZ	C	0.58%	0.38%	0.38%
	WAB	B	0.01%	0.18%	0.01%
	WAT	B	0.04%	0.26%	0.04%
	WELL	A	0.02%	0.13%	0.02%
	WFC	A	0.28%	0.62%	0.28%
	WMT	A	0.76%	0.93%	0.76%
	WPC	D	0.01%	0.02%	0.01%
	WY	D	0.02%	0.14%	0.02%
	XOM	B	0.47%	0.99%	0.47%
	ZBH	C	0.01%	0.13%	0.01%
	ZBRA	B	0.01%	0.26%	0.01%
	ZTS	D	0.15%	0.09%	0.09%

QWLD Overweight 344 Positions Relative to APUE

	Symbol	Grade	Weight
	NVS	D	0.79%
	MSI	B	0.65%
	WM	A	0.52%
	MMC	B	0.51%
	NOC	D	0.32%
	TRV	B	0.3%
	AZO	C	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	HSBH	B	0.25%
	ORLY	B	0.24%
	MFG	B	0.24%
	K	A	0.23%
	EA	A	0.2%
	WEC	A	0.2%
	AJG	B	0.19%
	WMB	A	0.19%
	CHD	B	0.19%
	KEYS	A	0.17%
	NKE	D	0.17%
	CHKP	D	0.17%
	HSY	F	0.16%
	CME	A	0.16%
	FFIV	B	0.16%
	TM	D	0.15%
	TSN	B	0.15%
	YUM	B	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	INCY	C	0.15%
	HUM	C	0.15%
	KDP	D	0.14%
	VRSN	F	0.14%
	BRO	B	0.14%
	MMM	D	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	MCO	B	0.13%
	CF	B	0.13%
	CDNS	B	0.13%
	ITW	B	0.13%
	ERIE	D	0.12%
	JNPR	F	0.12%
	TD	F	0.12%
	E	F	0.12%
	NBIX	C	0.11%
	AKAM	D	0.11%
	CSX	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	ADSK	A	0.1%
	CNI	D	0.1%
	PAYX	C	0.1%
	INTC	D	0.1%
	SMFG	B	0.1%
	XEL	A	0.09%
	PSA	D	0.09%
	CPB	D	0.09%
	FANG	D	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	HRL	D	0.09%
	FAST	B	0.09%
	USB	A	0.09%
	AMP	A	0.09%
	F	C	0.09%
	AMCR	D	0.08%
	ODFL	B	0.08%
	PTC	A	0.08%
	ROL	B	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	WBD	C	0.07%
	HMC	F	0.07%
	SJM	D	0.07%
	BMRN	D	0.07%
	CDW	F	0.07%
	LULU	C	0.07%
	BDX	F	0.07%
	WTW	B	0.07%
	IDXX	F	0.07%
	TSCO	D	0.06%
	TPL	A	0.06%
	MCHP	D	0.06%
	BBY	D	0.06%
	TDY	B	0.06%
	D	C	0.06%
	MOH	F	0.06%
	LOGI	D	0.06%
	DPZ	C	0.06%
	ULTA	F	0.06%
	NVR	D	0.06%
	BLDR	D	0.05%
	VEEV	C	0.05%
	LPLA	A	0.05%
	MTB	A	0.05%
	BTI	B	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	CMS	C	0.05%
	MET	A	0.05%
	GPC	D	0.05%
	RMD	C	0.05%
	TROW	B	0.05%
	CHTR	C	0.05%
	WST	C	0.04%
	SRE	A	0.04%
	HPE	B	0.04%
	SBUX	A	0.04%
	WBA	F	0.04%
	MANH	D	0.04%
	EXPD	D	0.04%
	KMI	A	0.04%
	CFG	B	0.04%
	CAG	D	0.04%
	OMC	C	0.04%
	SCHW	B	0.04%
	HPQ	B	0.04%
	WDAY	B	0.04%
	TRGP	B	0.04%
	DFS	B	0.04%
	EME	C	0.04%
	EIX	B	0.03%
	AVY	D	0.03%
	LYB	F	0.03%
	IEX	B	0.03%
	GGG	B	0.03%
	BG	F	0.03%
	SYY	B	0.03%
	FDS	B	0.03%
	POOL	C	0.03%
	JBHT	C	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	LNT	A	0.03%
	BKNG	A	0.03%
	PNR	A	0.03%
	SOLV	C	0.03%
	VTRS	A	0.03%
	JCI	C	0.03%
	OKE	A	0.03%
	CSL	C	0.03%
	HBAN	A	0.03%
	WSO	A	0.03%
	EXC	C	0.03%
	OC	A	0.03%
	RF	A	0.03%
	OXY	D	0.03%
	DOW	F	0.03%
	FITB	A	0.03%
	WSM	B	0.03%
	IT	C	0.03%
	ALLY	C	0.02%
	EQIX	A	0.02%
	KMX	B	0.02%
	HAL	C	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	NRG	B	0.02%
	ACI	C	0.02%
	EQT	B	0.02%
	AOS	F	0.02%
	GEHC	F	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	JBL	B	0.02%
	NMR	B	0.02%
	NTRS	A	0.02%
	OVV	B	0.02%
	CINF	A	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	LH	C	0.02%
	AFG	A	0.02%
	PAYC	B	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	NDSN	B	0.02%
	IPG	D	0.02%
	O	D	0.02%
	DKS	C	0.02%
	BKR	B	0.02%
	EPAM	C	0.02%
	ALLE	D	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	APA	D	0.02%
	TER	D	0.02%
	CPT	B	0.01%
	WTRG	B	0.01%
	CTLT	B	0.01%
	MGM	D	0.01%
	VRSK	A	0.01%
	RPRX	D	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	EL	F	0.01%
	GLPI	C	0.01%
	DVA	B	0.01%
	RPM	A	0.01%
	HII	D	0.01%
	TRU	D	0.01%
	TRMB	B	0.01%
	AVTR	F	0.01%
	NWSA	B	0.01%
	TTWO	A	0.01%
	STE	F	0.01%
	SUI	D	0.01%
	REG	B	0.01%
	CLX	B	0.01%
	BURL	A	0.01%
	STX	D	0.01%
	CE	F	0.01%
	MKC	D	0.01%
	INVH	D	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	CG	A	0.01%
	FTNT	C	0.01%
	DOC	D	0.01%
	MRNA	F	0.01%
	AES	F	0.01%
	CCEP	C	0.01%
	ACM	A	0.01%
	XYL	D	0.01%
	BXP	D	0.01%
	MAA	B	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	STZ	D	0.01%
	TDG	D	0.01%
	SSNC	B	0.01%
	FTV	C	0.01%
	AWK	D	0.01%
	CPAY	A	0.01%
	LKQ	D	0.01%
	WFG	D	0.01%
	SE	B	0.01%
	WDC	D	0.01%
	EMN	D	0.01%
	KNX	B	0.01%
	LDOS	C	0.01%
	VTR	C	0.01%
	OTIS	C	0.01%
	IFF	D	0.01%
	VMC	B	0.01%
	BSY	D	0.01%
	KIM	A	0.01%
	MLM	B	0.01%
	ALB	C	0.01%
	MRVL	B	0.01%
	EXPE	B	0.01%
	EQH	B	0.01%
	UHS	D	0.01%
	IQV	D	0.01%
	APTV	D	0.01%
	EBAY	D	0.01%
	MAR	B	0.01%
	CNP	B	0.01%
	VST	B	0.01%
	SWK	D	0.01%
	CHRW	C	0.01%
	ATO	A	0.01%
	BIIB	F	0.01%
	DG	F	0.01%
	AME	A	0.01%
	HES	B	0.01%
	BAX	D	0.01%
	MELI	D	0.01%
	ON	D	0.01%
	TAP	C	0.01%
	FE	C	0.01%
	PPG	F	0.01%
	ES	D	0.01%
	CNH	C	0.01%
	PARA	C	0.01%
	ENPH	F	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	NET	B	0.0%
	XRX	F	0.0%
	DDOG	A	0.0%
	DKNG	B	0.0%
	TOST	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	D	0.0%
	DT	C	0.0%
	DAY	B	0.0%
	SNOW	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	PODD	C	0.0%
	GRAB	B	0.0%
	TECH	D	0.0%
	ROKU	D	0.0%
	WYNN	D	0.0%
	OKTA	C	0.0%
	DXCM	D	0.0%
	TYL	B	0.0%
	LII	A	0.0%
	TTD	B	0.0%
	ELS	C	0.0%
	HOOD	B	0.0%
	HEI	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	LUV	C	0.0%
	WLK	D	0.0%
	MTCH	D	0.0%
	LYV	A	0.0%
	QGEN	D	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	MSCI	C	0.0%
	AXON	A	0.0%
	LVS	C	0.0%
	CRL	C	0.0%
	BIO	D	0.0%
	TFX	F	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	QRVO	F	0.0%
	OTEX	D	0.0%
	ANSS	B	0.0%
	AMH	D	0.0%
	ALGN	D	0.0%
	UHAL	D	0.0%
	ARES	A	0.0%
	FBIN	D	0.0%

QWLD Underweight 27 Positions Relative to APUE

	Symbol	Grade	Weight
	DFAS	A	-4.83%
	AWI	A	-0.38%
	CHDN	B	-0.38%
	MUSA	A	-0.37%
	WTM	A	-0.37%
	POST	C	-0.27%
	LANC	C	-0.27%
	AXTA	A	-0.27%
	THG	A	-0.25%
	NEU	C	-0.23%
	CACC	D	-0.23%
	CWST	A	-0.22%
	QLYS	C	-0.22%
	ESI	A	-0.19%
	FR	C	-0.18%
	REYN	D	-0.15%
	TREX	C	-0.15%
	UNF	B	-0.14%
	MTN	C	-0.14%
	BRKR	D	-0.13%
	CNNE	B	-0.09%
	CABO	C	-0.09%
	CVNA	B	-0.05%
	IBKR	A	-0.05%
	NWS	B	-0.05%
	UAL	A	-0.03%
	RKT	F	-0.02%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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

APUE: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Diversified Industrials Business Services Drug Manufacturers - Major Semiconductors Credit Services Insurance - Property & Casualty Diagnostics & Research Medical Devices Specialty Chemicals Aerospace & Defense Capital Markets Health Care Plans Packaged Foods Telecom Services Banks - Global Discount Stores Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Insurance Natural Gas Computing Electricity Electronics Semiconductor Medicine Telecommunications Chemical Real Estate Investment Trust IBD 50 Insurance Products Work From Home Aerospace Integrated Circuits Mining Mobile Devices