QWLD vs. EUSA ETF Comparison

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

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

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.24

Average Daily Volume

45,044

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	EUSA
30 Days	0.82%	5.56%
60 Days	0.23%	6.51%
90 Days	0.87%	8.86%
12 Months	22.65%	32.13%

578 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in EUSA	Overlap
A	D	0.06%	0.14%	0.06%
AAPL	C	2.57%	0.16%	0.16%
ABBV	D	0.34%	0.13%	0.13%
ABBV	D	0.16%	0.13%	0.13%
ABNB	C	0.01%	0.18%	0.01%
ABT	B	0.09%	0.16%	0.09%
ACGL	D	0.26%	0.15%	0.15%
ACI	C	0.02%	0.15%	0.02%
ACM	A	0.01%	0.18%	0.01%
ACN	C	0.65%	0.16%	0.16%
ADBE	C	0.42%	0.14%	0.14%
ADI	D	0.04%	0.15%	0.04%
ADM	D	0.05%	0.14%	0.05%
ADP	B	0.26%	0.18%	0.18%
ADSK	A	0.1%	0.19%	0.1%
AEE	A	0.09%	0.18%	0.09%
AEP	D	0.07%	0.16%	0.07%
AES	F	0.01%	0.12%	0.01%
AFG	A	0.02%	0.17%	0.02%
AFL	B	0.12%	0.18%	0.12%
AIG	B	0.07%	0.17%	0.07%
AIZ	A	0.08%	0.2%	0.08%
AJG	B	0.19%	0.16%	0.16%
AKAM	D	0.11%	0.13%	0.11%
ALB	C	0.01%	0.2%	0.01%
ALGN	D	0.0%	0.15%	0.0%
ALL	A	0.08%	0.17%	0.08%
ALLE	D	0.02%	0.16%	0.02%
ALLY	C	0.02%	0.14%	0.02%
AMAT	F	0.29%	0.13%	0.13%
AMCR	D	0.08%	0.14%	0.08%
AMD	F	0.03%	0.14%	0.03%
AME	A	0.01%	0.18%	0.01%
AMGN	D	0.16%	0.13%	0.13%
AMH	D	0.0%	0.15%	0.0%
AMP	A	0.09%	0.2%	0.09%
AMT	D	0.02%	0.14%	0.02%
AMZN	C	0.37%	0.18%	0.18%
ANET	C	0.19%	0.17%	0.17%
ANSS	B	0.0%	0.16%	0.0%
AON	A	0.17%	0.18%	0.17%
AOS	F	0.02%	0.14%	0.02%
APA	D	0.02%	0.12%	0.02%
APD	A	0.03%	0.19%	0.03%
APH	A	0.43%	0.17%	0.17%
APO	B	0.02%	0.26%	0.02%
APP	B	0.0%	0.58%	0.0%
APTV	D	0.01%	0.12%	0.01%
ARE	D	0.01%	0.14%	0.01%
ARES	A	0.0%	0.19%	0.0%
ATO	A	0.01%	0.18%	0.01%
AVB	B	0.01%	0.17%	0.01%
AVGO	D	0.11%	0.16%	0.11%
AVTR	F	0.01%	0.12%	0.01%
AVY	D	0.03%	0.15%	0.03%
AWK	D	0.01%	0.15%	0.01%
AXON	A	0.0%	0.26%	0.0%
AXP	A	0.06%	0.18%	0.06%
AZO	C	0.28%	0.15%	0.15%
BA	F	0.01%	0.13%	0.01%
BAC	A	0.39%	0.19%	0.19%
BAH	F	0.15%	0.14%	0.14%
BALL	D	0.01%	0.15%	0.01%
BAX	D	0.01%	0.14%	0.01%
BBWI	D	0.0%	0.15%	0.0%
BBY	D	0.06%	0.16%	0.06%
BDX	F	0.07%	0.15%	0.07%
BEN	C	0.01%	0.15%	0.01%
BG	F	0.03%	0.15%	0.03%
BIIB	F	0.01%	0.12%	0.01%
BIO	D	0.0%	0.16%	0.0%
BK	A	0.05%	0.19%	0.05%
BKNG	A	0.03%	0.21%	0.03%
BKR	B	0.02%	0.2%	0.02%
BLDR	D	0.05%	0.17%	0.05%
BLK	C	0.25%	0.19%	0.19%
BMRN	D	0.07%	0.1%	0.07%
BMY	B	0.21%	0.19%	0.19%
BR	A	0.04%	0.17%	0.04%
BRK.A	B	0.73%	0.17%	0.17%
BRO	B	0.14%	0.17%	0.14%
BSX	B	0.02%	0.18%	0.02%
BSY	D	0.01%	0.15%	0.01%
BURL	A	0.01%	0.16%	0.01%
BX	A	0.03%	0.22%	0.03%
BXP	D	0.01%	0.18%	0.01%
C	A	0.25%	0.18%	0.18%
CAG	D	0.04%	0.14%	0.04%
CAH	B	0.13%	0.17%	0.13%
CARR	D	0.02%	0.17%	0.02%
CAT	B	0.36%	0.18%	0.18%
CB	C	0.4%	0.17%	0.17%
CBOE	B	0.24%	0.16%	0.16%
CBRE	B	0.03%	0.19%	0.03%
CCI	D	0.01%	0.15%	0.01%
CCK	C	0.01%	0.16%	0.01%
CCL	B	0.01%	0.26%	0.01%
CDNS	B	0.13%	0.17%	0.13%
CDW	F	0.07%	0.12%	0.07%
CE	F	0.01%	0.09%	0.01%
CEG	D	0.02%	0.19%	0.02%
CF	B	0.13%	0.17%	0.13%
CFG	B	0.04%	0.18%	0.04%
CG	A	0.01%	0.2%	0.01%
CHD	B	0.19%	0.17%	0.17%
CHRD	D	0.01%	0.14%	0.01%
CHRW	C	0.01%	0.17%	0.01%
CHTR	C	0.05%	0.17%	0.05%
CI	F	0.18%	0.15%	0.15%
CINF	A	0.02%	0.19%	0.02%
CL	D	0.2%	0.14%	0.14%
CLX	B	0.01%	0.17%	0.01%
CMCSA	B	0.17%	0.17%	0.17%
CME	A	0.16%	0.17%	0.16%
CMG	B	0.14%	0.18%	0.14%
CMI	A	0.1%	0.19%	0.1%
CMS	C	0.05%	0.16%	0.05%
CNC	D	0.05%	0.12%	0.05%
CNH	C	0.01%	0.18%	0.01%
CNP	B	0.01%	0.19%	0.01%
COF	B	0.1%	0.2%	0.1%
COIN	C	0.01%	0.26%	0.01%
COP	C	0.1%	0.16%	0.1%
COR	B	0.41%	0.16%	0.16%
COST	B	0.76%	0.17%	0.17%
CPAY	A	0.01%	0.21%	0.01%
CPB	D	0.09%	0.14%	0.09%
CPRT	A	0.08%	0.17%	0.08%
CPT	B	0.01%	0.16%	0.01%
CRL	C	0.0%	0.14%	0.0%
CRM	B	0.06%	0.2%	0.06%
CRWD	B	0.0%	0.21%	0.0%
CSCO	B	1.03%	0.18%	0.18%
CSGP	D	0.0%	0.15%	0.0%
CSL	C	0.03%	0.17%	0.03%
CSX	B	0.11%	0.16%	0.11%
CTAS	B	0.14%	0.17%	0.14%
CTLT	B	0.01%	0.16%	0.01%
CTRA	B	0.02%	0.17%	0.02%
CTSH	B	0.2%	0.16%	0.16%
CTVA	C	0.04%	0.17%	0.04%
CVS	D	0.16%	0.15%	0.15%
CVX	A	0.33%	0.17%	0.17%
D	C	0.06%	0.16%	0.06%
DAL	C	0.01%	0.26%	0.01%
DASH	A	0.01%	0.22%	0.01%
DAY	B	0.0%	0.21%	0.0%
DD	D	0.02%	0.16%	0.02%
DDOG	A	0.0%	0.18%	0.0%
DE	A	0.06%	0.17%	0.06%
DECK	A	0.05%	0.18%	0.05%
DELL	C	0.01%	0.19%	0.01%
DFS	B	0.04%	0.2%	0.04%
DG	F	0.01%	0.1%	0.01%
DGX	A	0.11%	0.17%	0.11%
DHI	D	0.1%	0.14%	0.1%
DHR	F	0.05%	0.13%	0.05%
DINO	D	0.05%	0.14%	0.05%
DIS	B	0.1%	0.2%	0.1%
DKNG	B	0.0%	0.2%	0.0%
DKS	C	0.02%	0.14%	0.02%
DLR	B	0.02%	0.2%	0.02%
DLTR	F	0.01%	0.1%	0.01%
DOC	D	0.01%	0.16%	0.01%
DOCU	A	0.0%	0.22%	0.0%
DOV	A	0.05%	0.17%	0.05%
DOW	F	0.03%	0.13%	0.03%
DPZ	C	0.06%	0.16%	0.06%
DRI	B	0.03%	0.16%	0.03%
DT	C	0.0%	0.16%	0.0%
DTE	C	0.02%	0.16%	0.02%
DUK	C	0.36%	0.16%	0.16%
DVA	B	0.01%	0.17%	0.01%
DVN	F	0.03%	0.14%	0.03%
DXCM	D	0.0%	0.16%	0.0%
EA	A	0.2%	0.18%	0.18%
EBAY	D	0.01%	0.17%	0.01%
ECL	D	0.01%	0.16%	0.01%
ED	D	0.35%	0.15%	0.15%
EFX	F	0.01%	0.13%	0.01%
EG	C	0.06%	0.16%	0.06%
EIX	B	0.03%	0.16%	0.03%
EL	F	0.01%	0.11%	0.01%
ELS	C	0.0%	0.16%	0.0%
ELV	F	0.21%	0.11%	0.11%
EME	C	0.04%	0.22%	0.04%
EMN	D	0.01%	0.16%	0.01%
EMR	A	0.03%	0.2%	0.03%
ENPH	F	0.01%	0.08%	0.01%
ENTG	D	0.0%	0.14%	0.0%
EOG	A	0.06%	0.17%	0.06%
EPAM	C	0.02%	0.18%	0.02%
EQH	B	0.01%	0.15%	0.01%
EQIX	A	0.02%	0.17%	0.02%
EQR	B	0.01%	0.16%	0.01%
EQT	B	0.02%	0.21%	0.02%
ERIE	D	0.12%	0.14%	0.12%
ES	D	0.01%	0.15%	0.01%
ESS	B	0.01%	0.16%	0.01%
ETN	A	0.03%	0.19%	0.03%
ETR	B	0.03%	0.2%	0.03%
EVRG	A	0.01%	0.17%	0.01%
EW	C	0.07%	0.16%	0.07%
EXAS	D	0.0%	0.14%	0.0%
EXC	C	0.03%	0.16%	0.03%
EXPD	D	0.04%	0.15%	0.04%
EXPE	B	0.01%	0.21%	0.01%
EXR	D	0.01%	0.15%	0.01%
F	C	0.09%	0.17%	0.09%
FANG	D	0.09%	0.15%	0.09%
FAST	B	0.09%	0.19%	0.09%
FBIN	D	0.0%	0.15%	0.0%
FCNCA	A	0.11%	0.18%	0.11%
FCX	D	0.02%	0.16%	0.02%
FDS	B	0.03%	0.18%	0.03%
FDX	B	0.07%	0.16%	0.07%
FE	C	0.01%	0.15%	0.01%
FFIV	B	0.16%	0.19%	0.16%
FI	A	0.09%	0.22%	0.09%
FICO	B	0.05%	0.2%	0.05%
FIS	C	0.02%	0.18%	0.02%
FITB	A	0.03%	0.18%	0.03%
FNF	B	0.01%	0.17%	0.01%
FOX	A	0.01%	0.06%	0.01%
FOXA	B	0.01%	0.12%	0.01%
FSLR	F	0.01%	0.13%	0.01%
FTNT	C	0.01%	0.19%	0.01%
FTV	C	0.01%	0.16%	0.01%
GD	F	0.18%	0.15%	0.15%
GDDY	A	0.25%	0.18%	0.18%
GE	D	0.31%	0.17%	0.17%
GEHC	F	0.02%	0.16%	0.02%
GEN	B	0.12%	0.18%	0.12%
GEV	B	0.02%	0.29%	0.02%
GGG	B	0.03%	0.17%	0.03%
GILD	C	0.24%	0.18%	0.18%
GIS	D	0.33%	0.14%	0.14%
GLPI	C	0.01%	0.16%	0.01%
GLW	B	0.02%	0.18%	0.02%
GM	B	0.19%	0.19%	0.19%
GOOG	C	0.94%	0.08%	0.08%
GOOGL	C	1.07%	0.09%	0.09%
GPC	D	0.05%	0.14%	0.05%
GPN	B	0.02%	0.17%	0.02%
GRMN	B	0.05%	0.19%	0.05%
GS	A	0.17%	0.19%	0.17%
GWW	B	0.11%	0.19%	0.11%
H	B	0.0%	0.17%	0.0%
HAL	C	0.02%	0.16%	0.02%
HBAN	A	0.03%	0.21%	0.03%
HCA	F	0.04%	0.14%	0.04%
HD	A	0.15%	0.17%	0.15%
HEI	B	0.0%	0.08%	0.0%
HEI	B	0.0%	0.11%	0.0%
HEI	B	0.0%	0.08%	0.0%
HEI	B	0.0%	0.11%	0.0%
HES	B	0.01%	0.17%	0.01%
HIG	B	0.03%	0.18%	0.03%
HII	D	0.01%	0.11%	0.01%
HLT	A	0.01%	0.19%	0.01%
HOLX	D	0.01%	0.15%	0.01%
HON	B	0.26%	0.18%	0.18%
HOOD	B	0.0%	0.28%	0.0%
HPE	B	0.04%	0.18%	0.04%
HPQ	B	0.04%	0.17%	0.04%
HRL	D	0.09%	0.14%	0.09%
HSIC	B	0.01%	0.17%	0.01%
HST	C	0.01%	0.17%	0.01%
HSY	F	0.16%	0.13%	0.13%
HUBB	B	0.04%	0.19%	0.04%
HUM	C	0.15%	0.12%	0.12%
HWM	A	0.01%	0.19%	0.01%
IBM	C	0.46%	0.17%	0.17%
ICE	C	0.03%	0.16%	0.03%
IDXX	F	0.07%	0.13%	0.07%
IEX	B	0.03%	0.18%	0.03%
IFF	D	0.01%	0.14%	0.01%
ILMN	D	0.0%	0.16%	0.0%
INCY	C	0.15%	0.17%	0.15%
INTC	D	0.1%	0.18%	0.1%
INTU	C	0.27%	0.15%	0.15%
INVH	D	0.01%	0.15%	0.01%
IOT	A	0.0%	0.2%	0.0%
IP	B	0.02%	0.19%	0.02%
IPG	D	0.02%	0.14%	0.02%
IQV	D	0.01%	0.12%	0.01%
IR	B	0.01%	0.18%	0.01%
IRM	D	0.01%	0.17%	0.01%
ISRG	A	0.25%	0.18%	0.18%
IT	C	0.03%	0.17%	0.03%
ITW	B	0.13%	0.17%	0.13%
J	F	0.01%	0.14%	0.01%
JBHT	C	0.03%	0.16%	0.03%
JBL	B	0.02%	0.19%	0.02%
JCI	C	0.03%	0.19%	0.03%
JKHY	D	0.07%	0.18%	0.07%
JNJ	D	1.1%	0.15%	0.15%
JNPR	F	0.12%	0.14%	0.12%
JPM	A	0.6%	0.18%	0.18%
K	A	0.23%	0.16%	0.16%
KDP	D	0.14%	0.14%	0.14%
KEY	B	0.02%	0.18%	0.02%
KEYS	A	0.17%	0.17%	0.17%
KHC	F	0.2%	0.14%	0.14%
KIM	A	0.01%	0.18%	0.01%
KKR	A	0.02%	0.2%	0.02%
KLAC	D	0.14%	0.12%	0.12%
KMB	D	0.11%	0.15%	0.11%
KMI	A	0.04%	0.21%	0.04%
KMX	B	0.02%	0.15%	0.02%
KNX	B	0.01%	0.17%	0.01%
KO	D	0.56%	0.14%	0.14%
KR	B	0.31%	0.18%	0.18%
KVUE	A	0.08%	0.17%	0.08%
L	A	0.17%	0.17%	0.17%
LDOS	C	0.01%	0.16%	0.01%
LEN	D	0.09%	0.15%	0.09%
LH	C	0.02%	0.16%	0.02%
LHX	C	0.02%	0.17%	0.02%
LII	A	0.0%	0.17%	0.0%
LIN	D	0.06%	0.15%	0.06%
LKQ	D	0.01%	0.14%	0.01%
LLY	F	1.14%	0.12%	0.12%
LMT	D	0.42%	0.15%	0.15%
LNG	B	0.06%	0.19%	0.06%
LNT	A	0.03%	0.17%	0.03%
LOW	D	0.07%	0.17%	0.07%
LPLA	A	0.05%	0.23%	0.05%
LRCX	F	0.18%	0.12%	0.12%
LULU	C	0.07%	0.18%	0.07%
LUV	C	0.0%	0.19%	0.0%
LVS	C	0.0%	0.19%	0.0%
LW	C	0.0%	0.19%	0.0%
LYB	F	0.03%	0.13%	0.03%
LYV	A	0.0%	0.22%	0.0%
MA	C	0.71%	0.19%	0.19%
MAA	B	0.01%	0.16%	0.01%
MANH	D	0.04%	0.17%	0.04%
MAR	B	0.01%	0.19%	0.01%
MAS	D	0.01%	0.16%	0.01%
MCD	D	0.42%	0.16%	0.16%
MCHP	D	0.06%	0.13%	0.06%
MCK	B	0.58%	0.18%	0.18%
MCO	B	0.13%	0.15%	0.13%
MDLZ	F	0.14%	0.14%	0.14%
MDT	D	0.06%	0.16%	0.06%
MELI	D	0.01%	0.15%	0.01%
MET	A	0.05%	0.2%	0.05%
META	D	2.11%	0.17%	0.17%
MGM	D	0.01%	0.15%	0.01%
MKC	D	0.01%	0.15%	0.01%
MKL	A	0.13%	0.17%	0.13%
MKTX	D	0.02%	0.18%	0.02%
MLM	B	0.01%	0.17%	0.01%
MMC	B	0.51%	0.16%	0.16%
MMM	D	0.14%	0.16%	0.14%
MNST	C	0.07%	0.18%	0.07%
MO	A	0.04%	0.17%	0.04%
MOH	F	0.06%	0.13%	0.06%
MOS	F	0.02%	0.15%	0.02%
MPC	D	0.17%	0.15%	0.15%
MPWR	F	0.04%	0.1%	0.04%
MRK	F	0.42%	0.13%	0.13%
MRNA	F	0.01%	0.07%	0.01%
MRO	B	0.02%	0.16%	0.02%
MRVL	B	0.01%	0.2%	0.01%
MS	A	0.12%	0.21%	0.12%
MSCI	C	0.0%	0.17%	0.0%
MSFT	F	2.3%	0.15%	0.15%
MSI	B	0.65%	0.18%	0.18%
MSTR	C	0.0%	0.51%	0.0%
MTB	A	0.05%	0.21%	0.05%
MTCH	D	0.0%	0.13%	0.0%
MU	D	0.04%	0.14%	0.04%
NBIX	C	0.11%	0.13%	0.11%
NDAQ	A	0.01%	0.18%	0.01%
NDSN	B	0.02%	0.16%	0.02%
NEE	D	0.06%	0.15%	0.06%
NEM	D	0.04%	0.13%	0.04%
NET	B	0.0%	0.19%	0.0%
NFLX	A	0.54%	0.2%	0.2%
NI	A	0.01%	0.18%	0.01%
NKE	D	0.17%	0.14%	0.14%
NOC	D	0.32%	0.15%	0.15%
NOW	A	0.01%	0.19%	0.01%
NRG	B	0.02%	0.18%	0.02%
NSC	B	0.03%	0.17%	0.03%
NTAP	C	0.04%	0.15%	0.04%
NTRS	A	0.02%	0.2%	0.02%
NUE	C	0.04%	0.16%	0.04%
NVDA	C	2.53%	0.18%	0.18%
NVR	D	0.06%	0.16%	0.06%
NWSA	B	0.01%	0.17%	0.01%
NXPI	D	0.02%	0.14%	0.02%
O	D	0.02%	0.15%	0.02%
OC	A	0.03%	0.19%	0.03%
ODFL	B	0.08%	0.17%	0.08%
OKE	A	0.03%	0.2%	0.03%
OKTA	C	0.0%	0.12%	0.0%
OMC	C	0.04%	0.16%	0.04%
ON	D	0.01%	0.14%	0.01%
ORCL	B	0.25%	0.21%	0.21%
ORLY	B	0.24%	0.17%	0.17%
OTIS	C	0.01%	0.17%	0.01%
OVV	B	0.02%	0.17%	0.02%
OXY	D	0.03%	0.14%	0.03%
PANW	C	0.18%	0.17%	0.17%
PARA	C	0.01%	0.15%	0.01%
PAYC	B	0.02%	0.21%	0.02%
PAYX	C	0.1%	0.18%	0.1%
PCAR	B	0.11%	0.18%	0.11%
PCG	A	0.03%	0.18%	0.03%
PEG	A	0.02%	0.18%	0.02%
PEP	F	0.77%	0.14%	0.14%
PFE	D	0.18%	0.14%	0.14%
PFG	D	0.02%	0.17%	0.02%
PG	A	0.95%	0.16%	0.16%
PGR	A	0.35%	0.17%	0.17%
PH	A	0.02%	0.19%	0.02%
PHM	D	0.06%	0.16%	0.06%
PINS	D	0.0%	0.15%	0.0%
PKG	A	0.04%	0.19%	0.04%
PLD	D	0.04%	0.15%	0.04%
PLTR	B	0.0%	0.31%	0.0%
PM	B	0.07%	0.17%	0.07%
PNC	B	0.1%	0.19%	0.1%
PNR	A	0.03%	0.2%	0.03%
PODD	C	0.0%	0.22%	0.0%
POOL	C	0.03%	0.16%	0.03%
PPG	F	0.01%	0.15%	0.01%
PPL	B	0.01%	0.17%	0.01%
PRU	A	0.05%	0.19%	0.05%
PSA	D	0.09%	0.16%	0.09%
PSTG	D	0.0%	0.13%	0.0%
PSX	C	0.14%	0.16%	0.14%
PTC	A	0.08%	0.17%	0.08%
PWR	A	0.01%	0.2%	0.01%
PYPL	B	0.04%	0.19%	0.04%
QCOM	F	0.32%	0.15%	0.15%
QRVO	F	0.0%	0.09%	0.0%
RBLX	C	0.0%	0.2%	0.0%
RCL	A	0.01%	0.23%	0.01%
REG	B	0.01%	0.17%	0.01%
REGN	F	0.31%	0.1%	0.1%
RF	A	0.03%	0.19%	0.03%
RIVN	F	0.0%	0.12%	0.0%
RJF	A	0.02%	0.22%	0.02%
RMD	C	0.05%	0.17%	0.05%
ROK	B	0.06%	0.17%	0.06%
ROKU	D	0.0%	0.19%	0.0%
ROL	B	0.08%	0.16%	0.08%
ROP	B	0.48%	0.16%	0.16%
ROST	C	0.02%	0.15%	0.02%
RPM	A	0.01%	0.18%	0.01%
RPRX	D	0.01%	0.15%	0.01%
RS	B	0.02%	0.17%	0.02%
RSG	A	0.46%	0.16%	0.16%
RTX	C	0.09%	0.16%	0.09%
RVTY	F	0.01%	0.14%	0.01%
SBAC	D	0.01%	0.16%	0.01%
SBUX	A	0.04%	0.17%	0.04%
SCHW	B	0.04%	0.19%	0.04%
SEIC	B	0.02%	0.19%	0.02%
SHW	A	0.14%	0.16%	0.14%
SJM	D	0.07%	0.15%	0.07%
SLB	C	0.03%	0.15%	0.03%
SMCI	F	0.01%	0.07%	0.01%
SNA	A	0.04%	0.2%	0.04%
SNAP	C	0.0%	0.17%	0.0%
SNOW	C	0.0%	0.16%	0.0%
SNPS	B	0.12%	0.15%	0.12%
SO	D	0.46%	0.16%	0.16%
SOLV	C	0.03%	0.18%	0.03%
SPG	B	0.02%	0.18%	0.02%
SPGI	C	0.04%	0.16%	0.04%
SQ	B	0.02%	0.23%	0.02%
SRE	A	0.04%	0.18%	0.04%
SSNC	B	0.01%	0.16%	0.01%
STE	F	0.01%	0.14%	0.01%
STLD	B	0.02%	0.19%	0.02%
STT	A	0.03%	0.18%	0.03%
STX	D	0.01%	0.15%	0.01%
STZ	D	0.01%	0.16%	0.01%
SUI	D	0.01%	0.15%	0.01%
SW	A	0.03%	0.19%	0.03%
SWK	D	0.01%	0.14%	0.01%
SWKS	F	0.03%	0.12%	0.03%
SYF	B	0.04%	0.22%	0.04%
SYK	C	0.03%	0.18%	0.03%
SYY	B	0.03%	0.15%	0.03%
T	A	0.39%	0.18%	0.18%
TAP	C	0.01%	0.18%	0.01%
TDG	D	0.01%	0.15%	0.01%
TDY	B	0.06%	0.18%	0.06%
TECH	D	0.0%	0.14%	0.0%
TER	D	0.02%	0.12%	0.02%
TFC	A	0.09%	0.17%	0.09%
TFX	F	0.0%	0.13%	0.0%
TGT	F	0.15%	0.17%	0.15%
TJX	A	0.35%	0.17%	0.17%
TMO	F	0.06%	0.13%	0.06%
TMUS	B	0.76%	0.18%	0.18%
TOST	B	0.0%	0.28%	0.0%
TPL	A	0.06%	0.27%	0.06%
TRGP	B	0.04%	0.23%	0.04%
TRMB	B	0.01%	0.2%	0.01%
TROW	B	0.05%	0.17%	0.05%
TRU	D	0.01%	0.16%	0.01%
TRV	B	0.3%	0.19%	0.19%
TSCO	D	0.06%	0.16%	0.06%
TSLA	B	0.16%	0.25%	0.16%
TSN	B	0.15%	0.16%	0.15%
TT	A	0.15%	0.19%	0.15%
TTC	D	0.02%	0.14%	0.02%
TTD	B	0.0%	0.18%	0.0%
TTWO	A	0.01%	0.19%	0.01%
TW	A	0.0%	0.18%	0.0%
TWLO	A	0.01%	0.25%	0.01%
TXN	C	0.48%	0.15%	0.15%
TXT	D	0.01%	0.15%	0.01%
TYL	B	0.0%	0.16%	0.0%
UBER	D	0.01%	0.15%	0.01%
UDR	B	0.0%	0.17%	0.0%
UHAL	D	0.0%	0.14%	0.0%
UHS	D	0.01%	0.14%	0.01%
ULTA	F	0.06%	0.14%	0.06%
UNH	C	1.35%	0.16%	0.16%
UNP	C	0.26%	0.15%	0.15%
UPS	C	0.07%	0.16%	0.07%
URI	B	0.02%	0.18%	0.02%
USB	A	0.09%	0.18%	0.09%
UTHR	C	0.15%	0.16%	0.15%
V	A	1.21%	0.2%	0.2%
VEEV	C	0.05%	0.17%	0.05%
VICI	C	0.02%	0.16%	0.02%
VLO	C	0.08%	0.16%	0.08%
VLTO	D	0.05%	0.15%	0.05%
VMC	B	0.01%	0.18%	0.01%
VRSK	A	0.01%	0.16%	0.01%
VRSN	F	0.14%	0.16%	0.14%
VRT	B	0.0%	0.29%	0.0%
VRTX	F	0.43%	0.15%	0.15%
VST	B	0.01%	0.31%	0.01%
VTR	C	0.01%	0.17%	0.01%
VTRS	A	0.03%	0.18%	0.03%
VZ	C	0.58%	0.16%	0.16%
WAB	B	0.01%	0.19%	0.01%
WAT	B	0.04%	0.16%	0.04%
WBA	F	0.04%	0.12%	0.04%
WBD	C	0.07%	0.19%	0.07%
WCN	A	0.27%	0.16%	0.16%
WDAY	B	0.04%	0.17%	0.04%
WDC	D	0.01%	0.16%	0.01%
WEC	A	0.2%	0.17%	0.17%
WELL	A	0.02%	0.19%	0.02%
WFC	A	0.28%	0.21%	0.21%
WLK	D	0.0%	0.14%	0.0%
WM	A	0.52%	0.16%	0.16%
WMB	A	0.19%	0.21%	0.19%
WMT	A	0.76%	0.18%	0.18%
WPC	D	0.01%	0.15%	0.01%
WRB	A	0.14%	0.17%	0.14%
WSM	B	0.03%	0.16%	0.03%
WSO	A	0.03%	0.18%	0.03%
WST	C	0.04%	0.16%	0.04%
WTRG	B	0.01%	0.16%	0.01%
WTW	B	0.07%	0.17%	0.07%
WY	D	0.02%	0.16%	0.02%
WYNN	D	0.0%	0.19%	0.0%
XEL	A	0.09%	0.18%	0.09%
XOM	B	0.47%	0.16%	0.16%
XYL	D	0.01%	0.14%	0.01%
YUM	B	0.15%	0.15%	0.15%
Z	A	0.0%	0.22%	0.0%
ZBH	C	0.01%	0.16%	0.01%
ZBRA	B	0.01%	0.18%	0.01%
ZM	B	0.01%	0.21%	0.01%
ZTS	D	0.15%	0.15%	0.15%

QWLD Overweight 34 Positions Relative to EUSA

Symbol	Grade	Weight
NVS	D	0.79%
UL	D	0.27%
HSBH	B	0.25%
MFG	B	0.24%
CHKP	D	0.17%
TM	D	0.15%
MUFG	B	0.14%
TD	F	0.12%
E	F	0.12%
BCS	C	0.11%
DEO	F	0.11%
CNI	D	0.1%
SMFG	B	0.1%
LYG	F	0.09%
SONY	B	0.08%
STLA	F	0.08%
HMC	F	0.07%
LOGI	D	0.06%
BTI	B	0.05%
MT	B	0.05%
NMR	B	0.02%
AER	B	0.02%
MBAVU	D	0.01%
CCEP	C	0.01%
AGCO	D	0.01%
WFG	D	0.01%
SE	B	0.01%
CRBG	B	0.01%
GLBE	B	0.0%
XRX	F	0.0%
FUTU	D	0.0%
GRAB	B	0.0%
QGEN	D	0.0%
OTEX	D	0.0%

QWLD Underweight 16 Positions Relative to EUSA

Symbol	Grade	Weight
TEAM	A	-0.25%
HUBS	A	-0.22%
EXE	B	-0.21%
FLUT	A	-0.2%
MDB	C	-0.18%
AZPN	A	-0.18%
CRH	A	-0.18%
COO	D	-0.16%
FWONK	B	-0.16%
NLY	C	-0.16%
ZS	C	-0.16%
TEL	B	-0.15%
FERG	B	-0.15%
MTD	D	-0.13%
ALNY	D	-0.13%
CELH	F	-0.11%