QWLD vs. BIV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Intermediate-Term Bond ETF (BIV)

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

$126.66

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.21

Average Daily Volume

1,245,881

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	BIV
30 Days	-0.87%	-2.24%
60 Days	0.52%	-3.86%
90 Days	2.56%	-1.91%
12 Months	23.47%	7.13%

348 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in BIV	Overlap
A	F	0.07%	0.01%	0.01%
AAPL	C	2.5%	0.01%	0.01%
ABBV	F	0.41%	0.05%	0.05%
ABBV	F	0.16%	0.05%	0.05%
ABT	C	0.09%	0.01%	0.01%
ACGL	C	0.25%	0.01%	0.01%
ADBE	C	0.42%	0.02%	0.02%
ADI	D	0.04%	0.02%	0.02%
ADM	F	0.05%	0.02%	0.02%
ADP	A	0.26%	0.02%	0.02%
ADSK	B	0.1%	0.01%	0.01%
AEE	B	0.08%	0.01%	0.01%
AEP	D	0.07%	0.01%	0.01%
AER	B	0.02%	0.01%	0.01%
AES	F	0.01%	0.01%	0.01%
AFG	A	0.02%	0.01%	0.01%
AFL	C	0.12%	0.01%	0.01%
AIG	B	0.07%	0.01%	0.01%
AIZ	A	0.08%	0.01%	0.01%
ALL	B	0.07%	0.01%	0.01%
ALLE	D	0.02%	0.01%	0.01%
AMAT	F	0.32%	0.01%	0.01%
AMCR	D	0.08%	0.01%	0.01%
AMGN	F	0.18%	0.01%	0.01%
AMH	C	0.0%	0.01%	0.0%
AMT	F	0.02%	0.01%	0.01%
AMZN	A	0.37%	0.02%	0.02%
AON	B	0.17%	0.01%	0.01%
APD	B	0.03%	0.01%	0.01%
APH	B	0.43%	0.01%	0.01%
APTV	F	0.01%	0.01%	0.01%
ARE	F	0.01%	0.01%	0.01%
ATO	B	0.01%	0.01%	0.01%
AVB	B	0.01%	0.01%	0.01%
AVGO	C	0.12%	0.01%	0.01%
AVY	F	0.03%	0.01%	0.01%
AWK	D	0.01%	0.01%	0.01%
AXP	B	0.06%	0.05%	0.05%
AZO	B	0.29%	0.01%	0.01%
BA	F	0.01%	0.01%	0.01%
BAC	A	0.38%	0.01%	0.01%
BAX	F	0.01%	0.01%	0.01%
BBY	C	0.05%	0.01%	0.01%
BDX	F	0.08%	0.01%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	D	0.02%	0.01%	0.01%
BIIB	F	0.01%	0.04%	0.01%
BK	B	0.05%	0.01%	0.01%
BKNG	A	0.03%	0.01%	0.01%
BMY	B	0.21%	0.01%	0.01%
BR	A	0.04%	0.02%	0.02%
BRO	B	0.14%	0.01%	0.01%
BSX	A	0.02%	0.02%	0.02%
BXP	D	0.01%	0.01%	0.01%
C	B	0.25%	0.01%	0.01%
CAG	F	0.04%	0.02%	0.02%
CAH	B	0.12%	0.03%	0.03%
CARR	C	0.02%	0.02%	0.02%
CAT	B	0.39%	0.01%	0.01%
CB	C	0.38%	0.03%	0.03%
CBOE	D	0.24%	0.01%	0.01%
CCI	F	0.01%	0.01%	0.01%
CE	F	0.01%	0.01%	0.01%
CFG	B	0.04%	0.01%	0.01%
CHD	A	0.18%	0.01%	0.01%
CHRW	A	0.01%	0.02%	0.01%
CHTR	B	0.06%	0.02%	0.02%
CI	D	0.17%	0.01%	0.01%
CINF	A	0.02%	0.01%	0.01%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.17%	0.01%	0.01%
CME	B	0.15%	0.01%	0.01%
CMI	A	0.09%	0.01%	0.01%
CMS	D	0.05%	0.01%	0.01%
CNH	D	0.02%	0.01%	0.01%
CNP	B	0.01%	0.01%	0.01%
COF	B	0.1%	0.01%	0.01%
COP	C	0.1%	0.01%	0.01%
COST	B	0.75%	0.01%	0.01%
CPB	F	0.09%	0.02%	0.02%
CPT	C	0.0%	0.01%	0.0%
CRM	B	0.05%	0.02%	0.02%
CSL	B	0.03%	0.01%	0.01%
CSX	B	0.12%	0.01%	0.01%
CTAS	B	0.14%	0.02%	0.02%
CTVA	C	0.05%	0.01%	0.01%
CVS	F	0.18%	0.01%	0.01%
CVX	A	0.31%	0.01%	0.01%
D	D	0.06%	0.01%	0.01%
DAL	A	0.01%	0.02%	0.01%
DD	D	0.02%	0.05%	0.02%
DE	D	0.06%	0.01%	0.01%
DELL	C	0.01%	0.01%	0.01%
DFS	B	0.04%	0.02%	0.02%
DG	F	0.01%	0.01%	0.01%
DGX	B	0.1%	0.01%	0.01%
DHI	D	0.11%	0.01%	0.01%
DHR	F	0.05%	0.01%	0.01%
DIS	B	0.08%	0.01%	0.01%
DLR	C	0.02%	0.02%	0.02%
DLTR	F	0.01%	0.03%	0.01%
DOC	C	0.01%	0.02%	0.01%
DOV	A	0.05%	0.01%	0.01%
DOW	F	0.04%	0.01%	0.01%
DRI	B	0.03%	0.01%	0.01%
DT	C	0.0%	0.11%	0.0%
DTE	D	0.02%	0.01%	0.01%
DUK	D	0.36%	0.01%	0.01%
DVN	F	0.03%	0.01%	0.01%
EA	A	0.19%	0.02%	0.02%
EBAY	C	0.01%	0.02%	0.01%
ECL	C	0.01%	0.01%	0.01%
ED	D	0.36%	0.01%	0.01%
EFX	F	0.01%	0.02%	0.01%
EIX	C	0.02%	0.01%	0.01%
EL	F	0.01%	0.01%	0.01%
EMN	D	0.01%	0.01%	0.01%
EMR	A	0.03%	0.01%	0.01%
EOG	A	0.05%	0.02%	0.02%
EQH	B	0.01%	0.01%	0.01%
EQIX	B	0.01%	0.01%	0.01%
EQR	C	0.01%	0.01%	0.01%
ES	D	0.01%	0.01%	0.01%
ESS	C	0.01%	0.01%	0.01%
ETN	B	0.03%	0.02%	0.02%
ETR	B	0.03%	0.01%	0.01%
EVRG	A	0.01%	0.01%	0.01%
EW	F	0.07%	0.01%	0.01%
EXC	C	0.03%	0.01%	0.01%
EXPE	B	0.01%	0.02%	0.01%
EXR	D	0.01%	0.01%	0.01%
FANG	C	0.09%	0.01%	0.01%
FDX	B	0.07%	0.01%	0.01%
FIS	B	0.02%	0.01%	0.01%
FITB	A	0.03%	0.01%	0.01%
FNF	C	0.01%	0.01%	0.01%
FOXA	A	0.01%	0.02%	0.01%
FTNT	B	0.01%	0.01%	0.01%
GD	C	0.19%	0.02%	0.02%
GE	D	0.31%	0.02%	0.02%
GILD	B	0.25%	0.01%	0.01%
GIS	F	0.33%	0.01%	0.01%
GLPI	D	0.01%	0.01%	0.01%
GM	B	0.18%	0.01%	0.01%
GOOGL	C	1.08%	0.02%	0.02%
GPC	D	0.05%	0.01%	0.01%
GPN	B	0.02%	0.01%	0.01%
GS	B	0.17%	0.01%	0.01%
H	B	0.0%	0.01%	0.0%
HAL	C	0.02%	0.02%	0.02%
HBAN	A	0.03%	0.01%	0.01%
HCA	D	0.04%	0.02%	0.02%
HD	B	0.14%	0.01%	0.01%
HES	B	0.01%	0.01%	0.01%
HIG	C	0.03%	0.02%	0.02%
HII	F	0.01%	0.01%	0.01%
HON	B	0.25%	0.01%	0.01%
HPQ	B	0.04%	0.02%	0.02%
HRL	F	0.09%	0.01%	0.01%
HST	D	0.01%	0.02%	0.01%
HSY	F	0.16%	0.01%	0.01%
HUBB	C	0.04%	0.01%	0.01%
HUM	D	0.16%	0.01%	0.01%
IBM	D	0.48%	0.01%	0.01%
ICE	C	0.03%	0.01%	0.01%
IEX	B	0.03%	0.01%	0.01%
IFF	F	0.01%	0.01%	0.01%
ILMN	C	0.0%	0.01%	0.0%
INTC	C	0.1%	0.01%	0.01%
INTU	A	0.25%	0.01%	0.01%
INVH	D	0.01%	0.02%	0.01%
IPG	F	0.02%	0.01%	0.01%
ITW	B	0.14%	0.01%	0.01%
JBL	C	0.02%	0.01%	0.01%
JCI	A	0.03%	0.01%	0.01%
JNJ	D	1.11%	0.01%	0.01%
JNPR	D	0.13%	0.01%	0.01%
JPM	A	0.59%	0.01%	0.01%
K	A	0.22%	0.01%	0.01%
KDP	C	0.14%	0.01%	0.01%
KEY	B	0.03%	0.01%	0.01%
KEYS	C	0.18%	0.01%	0.01%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.16%	0.02%	0.02%
KMB	D	0.11%	0.01%	0.01%
KMI	B	0.04%	0.01%	0.01%
KO	F	0.57%	0.01%	0.01%
KR	A	0.32%	0.01%	0.01%
L	A	0.17%	0.01%	0.01%
LDOS	C	0.01%	0.02%	0.01%
LEN	D	0.09%	0.01%	0.01%
LH	B	0.02%	0.01%	0.01%
LHX	B	0.03%	0.01%	0.01%
LII	B	0.0%	0.01%	0.0%
LIN	D	0.06%	0.01%	0.01%
LLY	F	1.17%	0.01%	0.01%
LMT	D	0.43%	0.02%	0.02%
LNT	C	0.03%	0.01%	0.01%
LOW	B	0.07%	0.01%	0.01%
LRCX	F	0.2%	0.02%	0.02%
LUV	B	0.0%	0.01%	0.0%
LVS	C	0.0%	0.02%	0.0%
LYB	F	0.03%	0.01%	0.01%
MA	B	0.7%	0.01%	0.01%
MAA	C	0.01%	0.01%	0.01%
MAR	A	0.01%	0.01%	0.01%
MAS	D	0.01%	0.01%	0.01%
MCD	C	0.41%	0.02%	0.02%
MCO	C	0.12%	0.01%	0.01%
MDLZ	F	0.15%	0.01%	0.01%
MDT	D	0.06%	0.01%	0.01%
MET	C	0.05%	0.02%	0.02%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.12%	0.01%	0.01%
MLM	B	0.01%	0.01%	0.01%
MMC	D	0.51%	0.02%	0.02%
MMM	C	0.14%	0.01%	0.01%
MO	A	0.04%	0.01%	0.01%
MOS	D	0.02%	0.02%	0.02%
MPC	D	0.17%	0.01%	0.01%
MRK	F	0.44%	0.02%	0.02%
MRO	B	0.02%	0.02%	0.02%
MRVL	B	0.01%	0.01%	0.01%
MS	A	0.11%	0.04%	0.04%
MSFT	C	2.29%	0.1%	0.1%
MSI	B	0.61%	0.01%	0.01%
MTB	A	0.05%	0.02%	0.02%
MU	D	0.04%	0.02%	0.02%
MUFG	A	0.13%	0.02%	0.02%
NDAQ	B	0.01%	0.01%	0.01%
NEE	D	0.05%	0.01%	0.01%
NEM	F	0.04%	0.02%	0.02%
NI	A	0.01%	0.02%	0.01%
NKE	F	0.16%	0.01%	0.01%
NOC	D	0.33%	0.02%	0.02%
NOW	A	0.01%	0.03%	0.01%
NSC	B	0.03%	0.01%	0.01%
NTAP	D	0.04%	0.01%	0.01%
NTRS	A	0.02%	0.01%	0.01%
NUE	D	0.05%	0.01%	0.01%
NVDA	A	2.56%	0.03%	0.03%
NVR	D	0.06%	0.01%	0.01%
NXPI	F	0.02%	0.01%	0.01%
O	D	0.02%	0.01%	0.01%
OC	A	0.03%	0.01%	0.01%
OKE	A	0.03%	0.01%	0.01%
OMC	A	0.04%	0.01%	0.01%
ORCL	A	0.25%	0.01%	0.01%
ORLY	A	0.24%	0.01%	0.01%
OTIS	D	0.01%	0.01%	0.01%
PCG	A	0.03%	0.01%	0.01%
PEG	C	0.02%	0.01%	0.01%
PEP	D	0.79%	0.01%	0.01%
PFE	F	0.19%	0.01%	0.01%
PFG	C	0.02%	0.01%	0.01%
PG	C	0.89%	0.01%	0.01%
PGR	A	0.35%	0.02%	0.02%
PH	A	0.02%	0.02%	0.02%
PHM	D	0.06%	0.01%	0.01%
PKG	B	0.04%	0.01%	0.01%
PLD	D	0.04%	0.01%	0.01%
PM	B	0.07%	0.01%	0.01%
PNC	B	0.09%	0.01%	0.01%
PPG	F	0.01%	0.01%	0.01%
PRU	B	0.05%	0.01%	0.01%
PSA	D	0.08%	0.01%	0.01%
PSX	C	0.13%	0.01%	0.01%
PWR	B	0.01%	0.01%	0.01%
PYPL	A	0.04%	0.02%	0.02%
QCOM	F	0.34%	0.02%	0.02%
QRVO	F	0.0%	0.02%	0.0%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.33%	0.02%	0.02%
RF	A	0.03%	0.01%	0.01%
RJF	A	0.02%	0.03%	0.02%
ROK	B	0.06%	0.01%	0.01%
ROP	A	0.49%	0.01%	0.01%
ROST	D	0.02%	0.01%	0.01%
RPM	A	0.01%	0.01%	0.01%
RPRX	F	0.01%	0.01%	0.01%
RS	C	0.02%	0.01%	0.01%
RSG	B	0.45%	0.01%	0.01%
RTX	D	0.09%	0.01%	0.01%
SBUX	B	0.04%	0.01%	0.01%
SCHW	B	0.04%	0.01%	0.01%
SHW	A	0.14%	0.01%	0.01%
SJM	F	0.07%	0.01%	0.01%
SLB	C	0.03%	0.03%	0.03%
SNA	A	0.04%	0.01%	0.01%
SO	D	0.45%	0.01%	0.01%
SPG	A	0.02%	0.01%	0.01%
SPGI	C	0.03%	0.01%	0.01%
SRE	B	0.03%	0.01%	0.01%
STE	D	0.01%	0.01%	0.01%
STLD	C	0.03%	0.01%	0.01%
STT	B	0.03%	0.01%	0.01%
STZ	D	0.01%	0.01%	0.01%
SUI	F	0.01%	0.01%	0.01%
SWK	F	0.01%	0.01%	0.01%
SWKS	F	0.03%	0.01%	0.01%
SYF	B	0.04%	0.02%	0.02%
SYK	A	0.03%	0.02%	0.02%
SYY	D	0.03%	0.02%	0.02%
T	A	0.38%	0.01%	0.01%
TD	D	0.12%	0.01%	0.01%
TDY	B	0.06%	0.01%	0.01%
TFC	B	0.09%	0.01%	0.01%
TGT	C	0.14%	0.01%	0.01%
TJX	A	0.33%	0.01%	0.01%
TMO	F	0.06%	0.01%	0.01%
TMUS	A	0.73%	0.04%	0.04%
TRMB	B	0.01%	0.02%	0.01%
TSCO	D	0.06%	0.01%	0.01%
TSN	B	0.13%	0.03%	0.03%
TT	B	0.14%	0.01%	0.01%
TXN	B	0.51%	0.01%	0.01%
TXT	D	0.01%	0.01%	0.01%
UDR	C	0.0%	0.01%	0.0%
UHS	D	0.01%	0.02%	0.01%
UNH	B	1.34%	0.01%	0.01%
UNP	D	0.27%	0.01%	0.01%
UPS	C	0.07%	0.01%	0.01%
USB	B	0.09%	0.01%	0.01%
V	A	1.19%	0.01%	0.01%
VLO	C	0.07%	0.01%	0.01%
VMC	B	0.01%	0.01%	0.01%
VRSK	A	0.01%	0.01%	0.01%
VRSN	C	0.14%	0.02%	0.02%
VTR	C	0.01%	0.01%	0.01%
VTRS	B	0.03%	0.02%	0.02%
VZ	D	0.56%	0.01%	0.01%
WAB	B	0.01%	0.02%	0.01%
WBA	D	0.04%	0.01%	0.01%
WEC	B	0.19%	0.01%	0.01%
WELL	B	0.02%	0.01%	0.01%
WFC	A	0.27%	0.04%	0.04%
WLK	F	0.0%	0.01%	0.0%
WM	A	0.52%	0.01%	0.01%
WMB	B	0.19%	0.01%	0.01%
WMT	A	0.75%	0.01%	0.01%
WPC	F	0.01%	0.01%	0.01%
WTRG	C	0.01%	0.01%	0.01%
WY	F	0.02%	0.02%	0.02%
XEL	A	0.08%	0.01%	0.01%
XOM	B	0.47%	0.01%	0.01%
XYL	F	0.01%	0.01%	0.01%
ZBH	C	0.01%	0.02%	0.01%
ZTS	D	0.15%	0.01%	0.01%

QWLD Overweight 261 Positions Relative to BIV

Symbol	Grade	Weight
META	B	2.14%
CSCO	A	1.02%
GOOG	C	0.95%
NVS	F	0.81%
BRK.A	B	0.72%
ACN	B	0.65%
NFLX	A	0.51%
MCK	B	0.51%
VRTX	B	0.45%
COR	B	0.42%
TRV	B	0.29%
UL	D	0.27%
WCN	A	0.26%
ISRG	A	0.25%
HSBH	A	0.25%
GDDY	B	0.23%
ELV	F	0.22%
MFG	A	0.22%
CTSH	A	0.21%
KHC	F	0.21%
ANET	C	0.21%
CL	F	0.19%
BAH	C	0.18%
PANW	B	0.18%
AJG	A	0.18%
CHKP	C	0.17%
INCY	B	0.16%
UTHR	B	0.16%
FFIV	B	0.16%
YUM	B	0.15%
CDNS	B	0.14%
TSLA	B	0.14%
WRB	B	0.14%
TM	F	0.14%
SNPS	C	0.13%
AKAM	F	0.13%
CMG	B	0.13%
FCNCA	B	0.12%
GEN	B	0.12%
E	F	0.12%
ERIE	F	0.12%
CF	B	0.12%
DEO	F	0.11%
BCS	B	0.11%
GWW	B	0.11%
NBIX	C	0.11%
PCAR	B	0.11%
SMFG	A	0.1%
CNI	F	0.1%
PAYX	B	0.1%
LYG	D	0.09%
FAST	B	0.09%
AMP	A	0.09%
F	C	0.09%
KVUE	A	0.08%
CPRT	A	0.08%
ROL	C	0.08%
SONY	C	0.08%
CDW	F	0.08%
PTC	B	0.08%
ODFL	B	0.08%
STLA	F	0.08%
FI	A	0.08%
ULTA	C	0.07%
JKHY	C	0.07%
MNST	B	0.07%
HMC	F	0.07%
LULU	B	0.07%
BMRN	F	0.07%
IDXX	F	0.07%
WTW	A	0.07%
MPWR	F	0.06%
EG	D	0.06%
WBD	B	0.06%
LOGI	F	0.06%
DPZ	C	0.06%
MCHP	F	0.06%
MOH	F	0.06%
VEEV	B	0.05%
VLTO	D	0.05%
DECK	B	0.05%
DINO	D	0.05%
MT	C	0.05%
CNC	F	0.05%
LNG	B	0.05%
TROW	A	0.05%
RMD	C	0.05%
TPL	B	0.05%
GRMN	A	0.05%
IT	B	0.04%
AMD	F	0.04%
HPE	B	0.04%
EXPD	C	0.04%
WST	B	0.04%
MANH	C	0.04%
WDAY	B	0.04%
TRGP	B	0.04%
WAT	B	0.04%
FICO	B	0.04%
EME	B	0.04%
LPLA	A	0.04%
BLDR	C	0.04%
BTI	C	0.04%
GGG	B	0.03%
TER	F	0.03%
BX	A	0.03%
FCX	F	0.03%
FDS	A	0.03%
APA	F	0.03%
CBRE	B	0.03%
PNR	A	0.03%
POOL	D	0.03%
SW	B	0.03%
JBHT	C	0.03%
SOLV	C	0.03%
WSO	B	0.03%
WSM	F	0.03%
OXY	F	0.03%
PARA	B	0.02%
NRG	C	0.02%
ACI	C	0.02%
ALLY	C	0.02%
NMR	B	0.02%
TTC	F	0.02%
APO	B	0.02%
MKTX	C	0.02%
SEIC	A	0.02%
AOS	F	0.02%
GEHC	D	0.02%
OVV	C	0.02%
SMCI	F	0.02%
CEG	D	0.02%
ENPH	F	0.02%
CTRA	B	0.02%
VICI	D	0.02%
EPAM	B	0.02%
PAYC	B	0.02%
GLW	B	0.02%
NDSN	B	0.02%
IP	B	0.02%
DKS	D	0.02%
BKR	B	0.02%
URI	B	0.02%
KKR	B	0.02%
GEV	B	0.02%
ARES	B	0.01%
MGM	D	0.01%
CTLT	D	0.01%
DVA	C	0.01%
FSLR	F	0.01%
UHAL	D	0.01%
SBAC	D	0.01%
RCL	A	0.01%
FBIN	F	0.01%
TTWO	A	0.01%
FOX	A	0.01%
BURL	C	0.01%
COIN	B	0.01%
NWSA	B	0.01%
IRM	D	0.01%
TRU	D	0.01%
CCL	B	0.01%
TWLO	B	0.01%
MBAVU	C	0.01%
AVTR	F	0.01%
HLT	A	0.01%
HSIC	F	0.01%
STX	D	0.01%
CCEP	C	0.01%
CG	B	0.01%
ZM	B	0.01%
HWM	B	0.01%
ACM	B	0.01%
RVTY	C	0.01%
AGCO	F	0.01%
CHRD	D	0.01%
CCK	D	0.01%
ZBRA	B	0.01%
BALL	D	0.01%
CPAY	A	0.01%
SE	B	0.01%
SSNC	C	0.01%
FTV	C	0.01%
LKQ	C	0.01%
WFG	C	0.01%
TDG	D	0.01%
IR	A	0.01%
ALB	C	0.01%
ABNB	C	0.01%
KNX	C	0.01%
HOLX	D	0.01%
MRNA	F	0.01%
WDC	D	0.01%
VST	B	0.01%
BSY	F	0.01%
J	D	0.01%
TAP	B	0.01%
UBER	F	0.01%
AME	A	0.01%
IQV	F	0.01%
CRBG	C	0.01%
FE	D	0.01%
PPL	A	0.01%
SQ	B	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%
PSTG	D	0.0%
HEI	A	0.0%
FUTU	C	0.0%
PODD	B	0.0%
DOCU	B	0.0%
SNOW	C	0.0%
GRAB	B	0.0%
PINS	F	0.0%
MSTR	B	0.0%
DAY	B	0.0%
WYNN	C	0.0%
EXAS	F	0.0%
DXCM	C	0.0%
ROKU	C	0.0%
TECH	D	0.0%
CRWD	B	0.0%
OKTA	C	0.0%
APP	B	0.0%
TYL	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%
LYV	A	0.0%
MSCI	B	0.0%
PLTR	B	0.0%
VRT	B	0.0%
QGEN	D	0.0%
BBWI	C	0.0%
LW	B	0.0%
CSGP	F	0.0%
TFX	F	0.0%
MTCH	F	0.0%
OTEX	F	0.0%
ANSS	B	0.0%
ALGN	D	0.0%
CRL	C	0.0%
BIO	C	0.0%
DASH	A	0.0%

QWLD Underweight 137 Positions Relative to BIV

Symbol	Grade	Weight
WIT	B	-0.35%
KOF	F	-0.03%
BWA	B	-0.03%
BMO	A	-0.03%
ESGR	B	-0.03%
BABA	D	-0.03%
XRAY	F	-0.02%
DXC	B	-0.02%
DOX	C	-0.02%
BC	D	-0.02%
CNO	B	-0.02%
ARCC	A	-0.02%
AAP	C	-0.02%
AMG	B	-0.02%
TEL	B	-0.02%
RL	B	-0.02%
GSK	F	-0.02%
MPLX	A	-0.02%
ET	A	-0.02%
NWG	B	-0.02%
VOD	F	-0.02%
WTFC	B	-0.01%
SKT	A	-0.01%
REXR	F	-0.01%
SAVE	F	-0.01%
GBDC	B	-0.01%
AXS	A	-0.01%
AVT	C	-0.01%
CMA	A	-0.01%
CBT	C	-0.01%
THG	A	-0.01%
UNM	A	-0.01%
TME	F	-0.01%
NOV	C	-0.01%
OGS	B	-0.01%
KMT	B	-0.01%
KMPR	A	-0.01%
EPRT	C	-0.01%
VNO	C	-0.01%
WU	F	-0.01%
TKR	F	-0.01%
PNW	A	-0.01%
RNR	D	-0.01%
SF	A	-0.01%
PSEC	F	-0.01%
WBS	A	-0.01%
OCSL	D	-0.01%
MCY	B	-0.01%
PDM	D	-0.01%
MP	C	-0.01%
KRG	B	-0.01%
FSK	A	-0.01%
LXP	D	-0.01%
OSK	B	-0.01%
OPI	F	-0.01%
BDN	D	-0.01%
WB	F	-0.01%
ZION	B	-0.01%
VNT	C	-0.01%
R	B	-0.01%
SITC	F	-0.01%
SCS	B	-0.01%
SAFE	F	-0.01%
SON	F	-0.01%
SNX	C	-0.01%
FMC	F	-0.01%
FLS	B	-0.01%
FLO	F	-0.01%
AGR	C	-0.01%
AGO	B	-0.01%
ARW	F	-0.01%
ADC	A	-0.01%
BKU	A	-0.01%
AAT	B	-0.01%
OGE	B	-0.01%
NVT	C	-0.01%
GP	F	-0.01%
HR	C	-0.01%
HP	C	-0.01%
HIW	D	-0.01%
JD	C	-0.01%
GXO	B	-0.01%
EPR	D	-0.01%
FRT	B	-0.01%
RYN	F	-0.01%
SBRA	C	-0.01%
PRE	D	-0.01%
NHI	D	-0.01%
NEU	C	-0.01%
MHK	D	-0.01%
AYI	A	-0.01%
BNS	A	-0.01%
BKH	A	-0.01%
AAL	B	-0.01%
BERY	D	-0.01%
CP	F	-0.01%
SWX	B	-0.01%
VOYA	B	-0.01%
KEX	A	-0.01%
HPP	F	-0.01%
KSS	D	-0.01%
KRC	C	-0.01%
FAF	C	-0.01%
DSS	F	-0.01%
NFG	D	-0.01%
LEG	F	-0.01%
LAZ	C	-0.01%
HUN	F	-0.01%
HRB	D	-0.01%
INGR	B	-0.01%
CUBE	D	-0.01%
FLEX	B	-0.01%
AL	B	-0.01%
BIDU	F	-0.01%
VFC	C	-0.01%
NNN	F	-0.01%
LNC	B	-0.01%
LEA	F	-0.01%
GL	B	-0.01%
JEF	B	-0.01%
HAS	D	-0.01%
CNA	C	-0.01%
BRX	A	-0.01%
AN	C	-0.01%
RGA	A	-0.01%
AZN	F	-0.01%
BLK	A	-0.01%
BHF	B	-0.01%
EQNR	D	-0.01%
PAA	C	-0.01%
OHI	C	-0.01%
WEST	D	-0.01%
WHR	B	-0.01%
EPD	A	-0.01%
DB	D	-0.01%
UAL	A	-0.01%
HSBC	B	-0.01%