QWLD vs. CSM ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to ProShares Large Cap Core Plus (CSM)

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

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.63

Average Daily Volume

7,136

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	CSM
30 Days	-0.87%	2.18%
60 Days	0.52%	6.23%
90 Days	2.56%	8.23%
12 Months	23.47%	33.98%

297 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in CSM	Overlap
A	F	0.07%	0.32%	0.07%
AAPL	C	2.5%	4.79%	2.5%
ABBV	F	0.41%	0.42%	0.41%
ABBV	F	0.16%	0.42%	0.16%
ABNB	C	0.01%	0.18%	0.01%
ABT	C	0.09%	0.06%	0.06%
ACGL	C	0.25%	0.3%	0.25%
ACN	B	0.65%	0.05%	0.05%
ADBE	C	0.42%	0.49%	0.42%
ADSK	B	0.1%	0.16%	0.1%
AES	F	0.01%	0.22%	0.01%
AIZ	A	0.08%	0.3%	0.08%
AKAM	F	0.13%	0.22%	0.13%
ALL	B	0.07%	0.37%	0.07%
ALLE	D	0.02%	0.11%	0.02%
AMAT	F	0.32%	0.22%	0.22%
AMD	F	0.04%	0.16%	0.04%
AME	A	0.01%	0.37%	0.01%
AMGN	F	0.18%	0.04%	0.04%
AMZN	A	0.37%	2.67%	0.37%
ANET	C	0.21%	0.33%	0.21%
AOS	F	0.02%	0.06%	0.02%
APA	F	0.03%	0.24%	0.03%
APD	B	0.03%	0.35%	0.03%
APH	B	0.43%	0.44%	0.43%
APTV	F	0.01%	0.2%	0.01%
ARE	F	0.01%	0.04%	0.01%
AVB	B	0.01%	0.35%	0.01%
AVGO	C	0.12%	1.26%	0.12%
BAC	A	0.38%	0.28%	0.28%
BAX	F	0.01%	0.28%	0.01%
BBY	C	0.05%	0.27%	0.05%
BDX	F	0.08%	0.39%	0.08%
BEN	C	0.01%	0.32%	0.01%
BG	D	0.02%	0.24%	0.02%
BIIB	F	0.01%	0.15%	0.01%
BK	B	0.05%	0.13%	0.05%
BKR	B	0.02%	0.36%	0.02%
BLDR	C	0.04%	0.17%	0.04%
BMY	B	0.21%	0.48%	0.21%
BRK.A	B	0.72%	0.94%	0.72%
BRO	B	0.14%	0.34%	0.14%
BX	A	0.03%	0.18%	0.03%
CAG	F	0.04%	0.1%	0.04%
CAH	B	0.12%	0.32%	0.12%
CBOE	D	0.24%	0.32%	0.24%
CBRE	B	0.03%	0.36%	0.03%
CCL	B	0.01%	0.36%	0.01%
CDNS	B	0.14%	0.35%	0.14%
CE	F	0.01%	0.2%	0.01%
CFG	B	0.04%	0.18%	0.04%
CHD	A	0.18%	0.06%	0.06%
CI	D	0.17%	0.38%	0.17%
CLX	A	0.01%	0.06%	0.01%
CMCSA	B	0.17%	0.23%	0.17%
CME	B	0.15%	0.41%	0.15%
CMG	B	0.13%	0.04%	0.04%
CNC	F	0.05%	0.3%	0.05%
CNP	B	0.01%	0.32%	0.01%
COF	B	0.1%	0.25%	0.1%
COR	B	0.42%	0.32%	0.32%
COST	B	0.75%	0.31%	0.31%
CPB	F	0.09%	0.1%	0.09%
CPT	C	0.0%	0.29%	0.0%
CRL	C	0.0%	0.26%	0.0%
CRM	B	0.05%	0.75%	0.05%
CRWD	B	0.0%	0.17%	0.0%
CSCO	A	1.02%	0.04%	0.04%
CSGP	F	0.0%	0.04%	0.0%
CSX	B	0.12%	0.24%	0.12%
CTSH	A	0.21%	0.33%	0.21%
CTVA	C	0.05%	0.11%	0.05%
CVS	F	0.18%	0.21%	0.18%
CVX	A	0.31%	0.09%	0.09%
DAY	B	0.0%	0.09%	0.0%
DFS	B	0.04%	0.16%	0.04%
DG	F	0.01%	0.24%	0.01%
DHI	D	0.11%	0.26%	0.11%
DHR	F	0.05%	0.03%	0.03%
DIS	B	0.08%	0.1%	0.08%
DLR	C	0.02%	0.08%	0.02%
DOC	C	0.01%	0.23%	0.01%
DPZ	C	0.06%	0.05%	0.05%
DTE	D	0.02%	0.32%	0.02%
DUK	D	0.36%	0.36%	0.36%
DVN	F	0.03%	0.31%	0.03%
DXCM	C	0.0%	0.08%	0.0%
EA	A	0.19%	0.19%	0.19%
EBAY	C	0.01%	0.07%	0.01%
EG	D	0.06%	0.25%	0.06%
EIX	C	0.02%	0.33%	0.02%
EL	F	0.01%	0.23%	0.01%
EMN	D	0.01%	0.29%	0.01%
EMR	A	0.03%	0.21%	0.03%
EPAM	B	0.02%	0.04%	0.02%
EQIX	B	0.01%	0.27%	0.01%
EQR	C	0.01%	0.33%	0.01%
ETN	B	0.03%	0.39%	0.03%
ETR	B	0.03%	0.38%	0.03%
EXC	C	0.03%	0.3%	0.03%
F	C	0.09%	0.14%	0.09%
FANG	C	0.09%	0.32%	0.09%
FAST	B	0.09%	0.04%	0.04%
FCX	F	0.03%	0.13%	0.03%
FDS	A	0.03%	0.04%	0.03%
FDX	B	0.07%	0.28%	0.07%
FE	D	0.01%	0.1%	0.01%
FFIV	B	0.16%	0.33%	0.16%
FIS	B	0.02%	0.07%	0.02%
FITB	A	0.03%	0.14%	0.03%
FOXA	A	0.01%	0.25%	0.01%
FSLR	F	0.01%	0.12%	0.01%
FTNT	B	0.01%	0.27%	0.01%
FTV	C	0.01%	0.06%	0.01%
GDDY	B	0.23%	0.34%	0.23%
GE	D	0.31%	0.56%	0.31%
GEHC	D	0.02%	0.22%	0.02%
GEN	B	0.12%	0.17%	0.12%
GILD	B	0.25%	0.25%	0.25%
GM	B	0.18%	0.39%	0.18%
GOOG	C	0.95%	1.0%	0.95%
GOOGL	C	1.08%	1.25%	1.08%
GPC	D	0.05%	0.13%	0.05%
GRMN	A	0.05%	0.36%	0.05%
HAL	C	0.02%	0.23%	0.02%
HBAN	A	0.03%	0.26%	0.03%
HCA	D	0.04%	0.16%	0.04%
HD	B	0.14%	0.32%	0.14%
HES	B	0.01%	0.14%	0.01%
HIG	C	0.03%	0.33%	0.03%
HII	F	0.01%	0.23%	0.01%
HOLX	D	0.01%	0.12%	0.01%
HPQ	B	0.04%	0.3%	0.04%
HRL	F	0.09%	0.06%	0.06%
HST	D	0.01%	0.31%	0.01%
HWM	B	0.01%	0.35%	0.01%
IBM	D	0.48%	0.03%	0.03%
IEX	B	0.03%	0.3%	0.03%
INCY	B	0.16%	0.36%	0.16%
INTC	C	0.1%	0.24%	0.1%
INTU	A	0.25%	0.52%	0.25%
INVH	D	0.01%	0.27%	0.01%
IP	B	0.02%	0.06%	0.02%
IPG	F	0.02%	0.12%	0.02%
IQV	F	0.01%	0.26%	0.01%
IR	A	0.01%	0.32%	0.01%
ISRG	A	0.25%	0.09%	0.09%
J	D	0.01%	0.04%	0.01%
JBL	C	0.02%	0.08%	0.02%
JKHY	C	0.07%	0.13%	0.07%
JNJ	D	1.11%	0.43%	0.43%
JPM	A	0.59%	0.66%	0.59%
KDP	C	0.14%	0.12%	0.12%
KHC	F	0.21%	0.12%	0.12%
KMB	D	0.11%	0.34%	0.11%
KMI	B	0.04%	0.12%	0.04%
KMX	B	0.01%	0.2%	0.01%
KO	F	0.57%	0.13%	0.13%
KR	A	0.32%	0.36%	0.32%
L	A	0.17%	0.32%	0.17%
LDOS	C	0.01%	0.37%	0.01%
LEN	D	0.09%	0.36%	0.09%
LIN	D	0.06%	0.08%	0.06%
LKQ	C	0.01%	0.1%	0.01%
LLY	F	1.17%	0.93%	0.93%
LMT	D	0.43%	0.2%	0.2%
LOW	B	0.07%	0.04%	0.04%
LRCX	F	0.2%	0.18%	0.18%
LULU	B	0.07%	0.09%	0.07%
LYB	F	0.03%	0.29%	0.03%
LYV	A	0.0%	0.34%	0.0%
MA	B	0.7%	0.38%	0.38%
MAA	C	0.01%	0.28%	0.01%
MAR	A	0.01%	0.09%	0.01%
MAS	D	0.01%	0.05%	0.01%
MCD	C	0.41%	0.04%	0.04%
MCK	B	0.51%	0.39%	0.39%
MCO	C	0.12%	0.36%	0.12%
MDT	D	0.06%	0.27%	0.06%
MET	C	0.05%	0.24%	0.05%
META	B	2.14%	1.63%	1.63%
MGM	D	0.01%	0.18%	0.01%
MKC	D	0.01%	0.06%	0.01%
MMC	D	0.51%	0.04%	0.04%
MOH	F	0.06%	0.18%	0.06%
MRK	F	0.44%	0.66%	0.44%
MSCI	B	0.0%	0.14%	0.0%
MSFT	C	2.29%	4.32%	2.29%
MSI	B	0.61%	0.22%	0.22%
MTB	A	0.05%	0.32%	0.05%
MTCH	F	0.0%	0.09%	0.0%
MU	D	0.04%	0.48%	0.04%
NEM	F	0.04%	0.1%	0.04%
NFLX	A	0.51%	0.43%	0.43%
NI	A	0.01%	0.21%	0.01%
NOC	D	0.33%	0.39%	0.33%
NOW	A	0.01%	0.13%	0.01%
NRG	C	0.02%	0.33%	0.02%
NTRS	A	0.02%	0.29%	0.02%
NUE	D	0.05%	0.08%	0.05%
NVDA	A	2.56%	4.93%	2.56%
NWSA	B	0.01%	0.12%	0.01%
OKE	A	0.03%	0.17%	0.03%
OMC	A	0.04%	0.24%	0.04%
ON	F	0.01%	0.12%	0.01%
ORCL	A	0.25%	0.12%	0.12%
OTIS	D	0.01%	0.33%	0.01%
PANW	B	0.18%	0.19%	0.18%
PARA	B	0.02%	0.2%	0.02%
PAYC	B	0.02%	0.32%	0.02%
PAYX	B	0.1%	0.07%	0.07%
PCG	A	0.03%	0.29%	0.03%
PEP	D	0.79%	0.34%	0.34%
PFE	F	0.19%	0.13%	0.13%
PFG	C	0.02%	0.11%	0.02%
PG	C	0.89%	0.42%	0.42%
PGR	A	0.35%	0.23%	0.23%
PH	A	0.02%	0.43%	0.02%
PHM	D	0.06%	0.32%	0.06%
PKG	B	0.04%	0.05%	0.04%
PLD	D	0.04%	0.34%	0.04%
PM	B	0.07%	0.04%	0.04%
PNR	A	0.03%	0.33%	0.03%
PPG	F	0.01%	0.24%	0.01%
PRU	B	0.05%	0.29%	0.05%
PSA	D	0.08%	0.15%	0.08%
PSX	C	0.13%	0.12%	0.12%
PTC	B	0.08%	0.04%	0.04%
PYPL	A	0.04%	0.24%	0.04%
QCOM	F	0.34%	0.53%	0.34%
QRVO	F	0.0%	0.22%	0.0%
RCL	A	0.01%	0.39%	0.01%
REG	A	0.01%	0.2%	0.01%
RF	A	0.03%	0.05%	0.03%
RJF	A	0.02%	0.38%	0.02%
RMD	C	0.05%	0.21%	0.05%
ROL	C	0.08%	0.26%	0.08%
ROP	A	0.49%	0.12%	0.12%
ROST	D	0.02%	0.04%	0.02%
RSG	B	0.45%	0.33%	0.33%
SJM	F	0.07%	0.19%	0.07%
SLB	C	0.03%	0.3%	0.03%
SMCI	F	0.02%	0.04%	0.02%
SNA	A	0.04%	0.37%	0.04%
SNPS	C	0.13%	0.41%	0.13%
SO	D	0.45%	0.28%	0.28%
SPG	A	0.02%	0.14%	0.02%
STE	D	0.01%	0.33%	0.01%
STLD	C	0.03%	0.14%	0.03%
STX	D	0.01%	0.3%	0.01%
SWK	F	0.01%	0.29%	0.01%
SWKS	F	0.03%	0.22%	0.03%
SYF	B	0.04%	0.36%	0.04%
SYY	D	0.03%	0.13%	0.03%
T	A	0.38%	0.2%	0.2%
TAP	B	0.01%	0.31%	0.01%
TDY	B	0.06%	0.13%	0.06%
TFX	F	0.0%	0.22%	0.0%
TGT	C	0.14%	0.33%	0.14%
TJX	A	0.33%	0.47%	0.33%
TMO	F	0.06%	0.58%	0.06%
TMUS	A	0.73%	0.48%	0.48%
TRGP	B	0.04%	0.38%	0.04%
TRMB	B	0.01%	0.04%	0.01%
TROW	A	0.05%	0.35%	0.05%
TRV	B	0.29%	0.11%	0.11%
TSLA	B	0.14%	0.77%	0.14%
TSN	B	0.13%	0.33%	0.13%
TT	B	0.14%	0.42%	0.14%
TXT	D	0.01%	0.26%	0.01%
UBER	F	0.01%	0.43%	0.01%
UHS	D	0.01%	0.31%	0.01%
UNH	B	1.34%	0.5%	0.5%
URI	B	0.02%	0.12%	0.02%
V	A	1.19%	0.43%	0.43%
VICI	D	0.02%	0.34%	0.02%
VLO	C	0.07%	0.08%	0.07%
VRSN	C	0.14%	0.25%	0.14%
VRTX	B	0.45%	0.48%	0.45%
VTR	C	0.01%	0.32%	0.01%
VTRS	B	0.03%	0.27%	0.03%
VZ	D	0.56%	0.05%	0.05%
WAB	B	0.01%	0.26%	0.01%
WBA	D	0.04%	0.16%	0.04%
WDC	D	0.01%	0.24%	0.01%
WELL	B	0.02%	0.44%	0.02%
WFC	A	0.27%	0.14%	0.14%
WM	A	0.52%	0.04%	0.04%
WMT	A	0.75%	0.25%	0.25%
WRB	B	0.14%	0.08%	0.08%
WTW	A	0.07%	0.14%	0.07%
WY	F	0.02%	0.32%	0.02%
WYNN	C	0.0%	0.05%	0.0%
XEL	A	0.08%	0.35%	0.08%
XOM	B	0.47%	0.51%	0.47%
XYL	F	0.01%	0.26%	0.01%
ZTS	D	0.15%	0.16%	0.15%

QWLD Overweight 312 Positions Relative to CSM

Symbol	Grade	Weight
NVS	F	0.81%
TXN	B	0.51%
CAT	B	0.39%
CB	C	0.38%
ED	D	0.36%
REGN	F	0.33%
GIS	F	0.33%
AZO	B	0.29%
UNP	D	0.27%
UL	D	0.27%
ADP	A	0.26%
WCN	A	0.26%
C	B	0.25%
HON	B	0.25%
HSBH	A	0.25%
ORLY	A	0.24%
ELV	F	0.22%
MFG	A	0.22%
K	A	0.22%
WMB	B	0.19%
GD	C	0.19%
CL	F	0.19%
WEC	B	0.19%
BAH	C	0.18%
KEYS	C	0.18%
AJG	A	0.18%
AON	B	0.17%
MPC	D	0.17%
CHKP	C	0.17%
GS	B	0.17%
KLAC	F	0.16%
HUM	D	0.16%
HSY	F	0.16%
UTHR	B	0.16%
NKE	F	0.16%
YUM	B	0.15%
MDLZ	F	0.15%
ITW	B	0.14%
SHW	A	0.14%
CTAS	B	0.14%
TM	F	0.14%
MMM	C	0.14%
JNPR	D	0.13%
MUFG	A	0.13%
FCNCA	B	0.12%
AFL	C	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%
GWW	B	0.11%
NBIX	C	0.11%
PCAR	B	0.11%
MS	A	0.11%
SMFG	A	0.1%
COP	C	0.1%
DGX	B	0.1%
CNI	F	0.1%
LYG	D	0.09%
TFC	B	0.09%
RTX	D	0.09%
AMP	A	0.09%
PNC	B	0.09%
USB	B	0.09%
CMI	A	0.09%
AMCR	D	0.08%
KVUE	A	0.08%
CPRT	A	0.08%
SONY	C	0.08%
CDW	F	0.08%
ODFL	B	0.08%
STLA	F	0.08%
AEE	B	0.08%
FI	A	0.08%
EW	F	0.07%
ULTA	C	0.07%
UPS	C	0.07%
AEP	D	0.07%
MNST	B	0.07%
AIG	B	0.07%
HMC	F	0.07%
BMRN	F	0.07%
IDXX	F	0.07%
MPWR	F	0.06%
CHTR	B	0.06%
D	D	0.06%
TSCO	D	0.06%
WBD	B	0.06%
LOGI	F	0.06%
ROK	B	0.06%
AXP	B	0.06%
DE	D	0.06%
NVR	D	0.06%
MCHP	F	0.06%
VEEV	B	0.05%
ADM	F	0.05%
VLTO	D	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%
NEE	D	0.05%
TPL	B	0.05%
EOG	A	0.05%
SBUX	B	0.04%
IT	B	0.04%
HPE	B	0.04%
EXPD	C	0.04%
DOW	F	0.04%
WST	B	0.04%
MANH	C	0.04%
ADI	D	0.04%
SCHW	B	0.04%
MO	A	0.04%
BR	A	0.04%
WDAY	B	0.04%
HUBB	C	0.04%
WAT	B	0.04%
FICO	B	0.04%
EME	B	0.04%
LPLA	A	0.04%
BTI	C	0.04%
NTAP	D	0.04%
KEY	B	0.03%
LHX	B	0.03%
LNT	C	0.03%
GGG	B	0.03%
AVY	F	0.03%
TER	F	0.03%
JCI	A	0.03%
ICE	C	0.03%
BKNG	A	0.03%
POOL	D	0.03%
SW	B	0.03%
JBHT	C	0.03%
NSC	B	0.03%
SYK	A	0.03%
OC	A	0.03%
CSL	B	0.03%
SOLV	C	0.03%
WSO	B	0.03%
STT	B	0.03%
WSM	F	0.03%
DRI	B	0.03%
SRE	B	0.03%
OXY	F	0.03%
SPGI	C	0.03%
ACI	C	0.02%
ALLY	C	0.02%
NMR	B	0.02%
CNH	D	0.02%
TTC	F	0.02%
APO	B	0.02%
MKTX	C	0.02%
NXPI	F	0.02%
SEIC	A	0.02%
RS	C	0.02%
OVV	C	0.02%
CEG	D	0.02%
CINF	A	0.02%
AFG	A	0.02%
ENPH	F	0.02%
AER	B	0.02%
CTRA	B	0.02%
LH	B	0.02%
MOS	D	0.02%
CARR	C	0.02%
PEG	C	0.02%
MRO	B	0.02%
GPN	B	0.02%
GLW	B	0.02%
NDSN	B	0.02%
AMT	F	0.02%
O	D	0.02%
DKS	D	0.02%
DD	D	0.02%
BSX	A	0.02%
KKR	B	0.02%
GEV	B	0.02%
ARES	B	0.01%
VRSK	A	0.01%
CTLT	D	0.01%
DVA	C	0.01%
WTRG	C	0.01%
UHAL	D	0.01%
SBAC	D	0.01%
FBIN	F	0.01%
RPRX	F	0.01%
GLPI	D	0.01%
RPM	A	0.01%
TTWO	A	0.01%
FOX	A	0.01%
BURL	C	0.01%
COIN	B	0.01%
IRM	D	0.01%
TRU	D	0.01%
SUI	F	0.01%
TWLO	B	0.01%
MBAVU	C	0.01%
WPC	F	0.01%
AVTR	F	0.01%
ESS	C	0.01%
HLT	A	0.01%
HSIC	F	0.01%
DAL	A	0.01%
CCEP	C	0.01%
EFX	F	0.01%
CG	B	0.01%
ZM	B	0.01%
ACM	B	0.01%
STZ	D	0.01%
BXP	D	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%
DLTR	F	0.01%
SE	B	0.01%
SSNC	C	0.01%
AWK	D	0.01%
WFG	C	0.01%
TDG	D	0.01%
ALB	C	0.01%
NDAQ	B	0.01%
KNX	C	0.01%
EXPE	B	0.01%
KIM	A	0.01%
IFF	F	0.01%
MRNA	F	0.01%
VMC	B	0.01%
VST	B	0.01%
MRVL	B	0.01%
MLM	B	0.01%
PWR	B	0.01%
BSY	F	0.01%
FNF	C	0.01%
EQH	B	0.01%
ZBH	C	0.01%
EVRG	A	0.01%
ATO	B	0.01%
CHRW	A	0.01%
DELL	C	0.01%
EXR	D	0.01%
CRBG	C	0.01%
ECL	C	0.01%
BA	F	0.01%
PPL	A	0.01%
ES	D	0.01%
CCI	F	0.01%
SQ	B	0.01%
EQT	B	0.01%
MELI	D	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%
PINS	F	0.0%
MSTR	B	0.0%
EXAS	F	0.0%
ROKU	C	0.0%
TECH	D	0.0%
OKTA	C	0.0%
APP	B	0.0%
TYL	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%
LUV	B	0.0%
WLK	F	0.0%
PLTR	B	0.0%
VRT	B	0.0%
QGEN	D	0.0%
BBWI	C	0.0%
LW	B	0.0%
UDR	C	0.0%
LVS	C	0.0%
AMH	C	0.0%
OTEX	F	0.0%
ANSS	B	0.0%
ALGN	D	0.0%
BIO	C	0.0%
DASH	A	0.0%
ILMN	C	0.0%

QWLD Underweight 11 Positions Relative to CSM

Symbol	Grade	Weight
UAL	A	-0.39%
NCLH	B	-0.35%
RL	B	-0.32%
MTD	F	-0.32%
IVZ	B	-0.31%
FRT	B	-0.31%
GL	B	-0.21%
TPR	A	-0.16%
BWA	B	-0.15%
PNW	A	-0.13%
FMC	F	-0.04%