QWLD vs. FEX ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to First Trust Large Cap Core AlphaDEX (FEX)

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

FEX

First Trust Large Cap Core AlphaDEX

FEX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$108.66

Average Daily Volume

22,845

Number of Holdings ^*

372

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	FEX
30 Days	-2.19%	2.06%
60 Days	-0.95%	6.61%
90 Days	1.55%	9.51%
12 Months	22.29%	31.15%

364 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in FEX	Overlap
AAPL	C	2.5%	0.16%	0.16%
ABT	B	0.09%	0.09%	0.09%
ACGL	C	0.25%	0.3%	0.25%
ACN	C	0.65%	0.08%	0.08%
ADM	D	0.05%	0.37%	0.05%
ADSK	B	0.1%	0.1%	0.1%
AEE	A	0.08%	0.35%	0.08%
AEP	C	0.07%	0.31%	0.07%
AFL	C	0.12%	0.33%	0.12%
AIG	B	0.07%	0.34%	0.07%
AJG	A	0.18%	0.17%	0.17%
AKAM	F	0.13%	0.3%	0.13%
ALL	A	0.07%	0.44%	0.07%
ALLY	C	0.02%	0.35%	0.02%
AMGN	D	0.18%	0.08%	0.08%
AMP	A	0.09%	0.3%	0.09%
AMT	D	0.02%	0.14%	0.02%
AMZN	B	0.37%	0.09%	0.09%
ANET	C	0.21%	0.35%	0.21%
AON	A	0.17%	0.09%	0.09%
APD	A	0.03%	0.18%	0.03%
APH	B	0.43%	0.09%	0.09%
APO	A	0.02%	0.22%	0.02%
APP	A	0.0%	0.92%	0.0%
APTV	F	0.01%	0.32%	0.01%
ARE	D	0.01%	0.16%	0.01%
ARES	B	0.01%	0.09%	0.01%
ATO	A	0.01%	0.35%	0.01%
AVB	A	0.01%	0.09%	0.01%
AVGO	C	0.12%	0.26%	0.12%
AVY	D	0.03%	0.08%	0.03%
AWK	C	0.01%	0.15%	0.01%
AXON	A	0.0%	0.64%	0.0%
AXP	A	0.06%	0.45%	0.06%
AZO	C	0.29%	0.08%	0.08%
BAC	A	0.38%	0.29%	0.29%
BAH	D	0.18%	0.38%	0.18%
BBY	C	0.05%	0.22%	0.05%
BDX	F	0.08%	0.08%	0.08%
BG	D	0.02%	0.38%	0.02%
BIIB	F	0.01%	0.22%	0.01%
BK	A	0.05%	0.46%	0.05%
BKNG	A	0.03%	0.3%	0.03%
BKR	A	0.02%	0.41%	0.02%
BLDR	D	0.04%	0.32%	0.04%
BR	A	0.04%	0.18%	0.04%
BRK.A	A	0.72%	0.25%	0.25%
BRO	B	0.14%	0.36%	0.14%
BSX	B	0.02%	0.26%	0.02%
BURL	C	0.01%	0.41%	0.01%
C	A	0.25%	0.37%	0.25%
CAG	F	0.04%	0.07%	0.04%
CARR	D	0.02%	0.24%	0.02%
CAT	B	0.39%	0.25%	0.25%
CB	C	0.38%	0.33%	0.33%
CBOE	D	0.24%	0.08%	0.08%
CCI	D	0.01%	0.07%	0.01%
CCL	A	0.01%	0.44%	0.01%
CE	F	0.01%	0.24%	0.01%
CEG	D	0.02%	0.31%	0.02%
CF	A	0.12%	0.41%	0.12%
CFG	A	0.04%	0.38%	0.04%
CHTR	B	0.06%	0.31%	0.06%
CI	D	0.17%	0.17%	0.17%
CINF	A	0.02%	0.46%	0.02%
CL	D	0.19%	0.15%	0.15%
CLX	A	0.01%	0.08%	0.01%
CMCSA	B	0.17%	0.44%	0.17%
CMG	B	0.13%	0.09%	0.09%
CMI	A	0.09%	0.19%	0.09%
CMS	C	0.05%	0.24%	0.05%
CNC	F	0.05%	0.34%	0.05%
CNP	A	0.01%	0.34%	0.01%
COF	A	0.1%	0.42%	0.1%
COIN	A	0.01%	0.15%	0.01%
COP	C	0.1%	0.44%	0.1%
COST	B	0.75%	0.35%	0.35%
CPAY	A	0.01%	0.2%	0.01%
CPB	D	0.09%	0.15%	0.09%
CRBG	B	0.01%	0.36%	0.01%
CSCO	B	1.02%	0.28%	0.28%
CSL	B	0.03%	0.17%	0.03%
CSX	B	0.12%	0.27%	0.12%
CTAS	B	0.14%	0.36%	0.14%
CTRA	A	0.02%	0.44%	0.02%
CTSH	B	0.21%	0.44%	0.21%
CTVA	D	0.05%	0.17%	0.05%
CVS	F	0.18%	0.37%	0.18%
CVX	A	0.31%	0.44%	0.31%
D	C	0.06%	0.25%	0.06%
DAL	A	0.01%	0.52%	0.01%
DASH	B	0.0%	0.41%	0.0%
DD	D	0.02%	0.16%	0.02%
DE	D	0.06%	0.24%	0.06%
DECK	A	0.05%	0.19%	0.05%
DELL	C	0.01%	0.2%	0.01%
DG	F	0.01%	0.3%	0.01%
DGX	A	0.1%	0.34%	0.1%
DHI	D	0.11%	0.37%	0.11%
DIS	A	0.08%	0.18%	0.08%
DOC	D	0.01%	0.16%	0.01%
DOV	A	0.05%	0.09%	0.05%
DOW	F	0.04%	0.21%	0.04%
DRI	B	0.03%	0.17%	0.03%
DTE	C	0.02%	0.31%	0.02%
DUK	C	0.36%	0.33%	0.33%
DVN	F	0.03%	0.42%	0.03%
EBAY	D	0.01%	0.32%	0.01%
ECL	D	0.01%	0.16%	0.01%
ED	D	0.36%	0.32%	0.32%
EFX	F	0.01%	0.23%	0.01%
EG	D	0.06%	0.39%	0.06%
EIX	C	0.02%	0.24%	0.02%
ELV	F	0.22%	0.21%	0.21%
EME	B	0.04%	0.51%	0.04%
EMR	A	0.03%	0.1%	0.03%
EOG	A	0.05%	0.45%	0.05%
EQIX	B	0.01%	0.09%	0.01%
EQR	C	0.01%	0.25%	0.01%
EQT	A	0.01%	0.4%	0.01%
ERIE	F	0.12%	0.33%	0.12%
ESS	A	0.01%	0.09%	0.01%
ETN	A	0.03%	0.19%	0.03%
ETR	A	0.03%	0.38%	0.03%
EXC	C	0.03%	0.32%	0.03%
EXPD	D	0.04%	0.08%	0.04%
EXPE	A	0.01%	0.52%	0.01%
EXR	C	0.01%	0.15%	0.01%
F	C	0.09%	0.44%	0.09%
FANG	D	0.09%	0.43%	0.09%
FCNCA	A	0.12%	0.4%	0.12%
FCX	F	0.03%	0.08%	0.03%
FDX	A	0.07%	0.35%	0.07%
FE	C	0.01%	0.16%	0.01%
FI	A	0.08%	0.4%	0.08%
FICO	A	0.04%	0.51%	0.04%
FITB	A	0.03%	0.28%	0.03%
FNF	C	0.01%	0.16%	0.01%
FOXA	A	0.01%	0.45%	0.01%
FSLR	F	0.01%	0.26%	0.01%
FTNT	A	0.01%	0.31%	0.01%
FTV	D	0.01%	0.16%	0.01%
GD	D	0.19%	0.17%	0.17%
GDDY	A	0.23%	0.39%	0.23%
GE	D	0.31%	0.33%	0.31%
GEHC	D	0.02%	0.08%	0.02%
GEN	B	0.12%	0.37%	0.12%
GIS	D	0.33%	0.22%	0.22%
GLPI	D	0.01%	0.08%	0.01%
GM	A	0.18%	0.54%	0.18%
GOOGL	B	1.08%	0.09%	0.09%
GPC	D	0.05%	0.22%	0.05%
GRMN	B	0.05%	0.3%	0.05%
GS	A	0.17%	0.51%	0.17%
GWW	A	0.11%	0.29%	0.11%
HAL	C	0.02%	0.43%	0.02%
HBAN	A	0.03%	0.4%	0.03%
HCA	D	0.04%	0.37%	0.04%
HD	A	0.14%	0.08%	0.08%
HEI	A	0.0%	0.42%	0.0%
HEI	A	0.0%	0.42%	0.0%
HIG	C	0.03%	0.33%	0.03%
HLT	A	0.01%	0.27%	0.01%
HOLX	D	0.01%	0.16%	0.01%
HOOD	A	0.0%	0.35%	0.0%
HPE	B	0.04%	0.45%	0.04%
HPQ	B	0.04%	0.09%	0.04%
HRL	D	0.09%	0.24%	0.09%
HSY	F	0.16%	0.16%	0.16%
HUBB	B	0.04%	0.18%	0.04%
HUM	F	0.16%	0.22%	0.16%
HWM	A	0.01%	0.48%	0.01%
IBM	D	0.48%	0.32%	0.32%
ICE	D	0.03%	0.25%	0.03%
IEX	B	0.03%	0.18%	0.03%
INTC	C	0.1%	0.36%	0.1%
IP	A	0.02%	0.39%	0.02%
IQV	F	0.01%	0.08%	0.01%
IR	A	0.01%	0.18%	0.01%
IRM	D	0.01%	0.41%	0.01%
ISRG	A	0.25%	0.27%	0.25%
IT	B	0.04%	0.18%	0.04%
J	D	0.01%	0.19%	0.01%
JBHT	B	0.03%	0.29%	0.03%
JCI	A	0.03%	0.09%	0.03%
JNJ	D	1.11%	0.24%	0.24%
JPM	A	0.59%	0.28%	0.28%
KDP	D	0.14%	0.22%	0.14%
KEY	A	0.03%	0.19%	0.03%
KEYS	C	0.18%	0.17%	0.17%
KHC	F	0.21%	0.23%	0.21%
KIM	A	0.01%	0.18%	0.01%
KKR	A	0.02%	0.5%	0.02%
KLAC	F	0.16%	0.07%	0.07%
KMB	C	0.11%	0.08%	0.08%
KMI	A	0.04%	0.41%	0.04%
KO	D	0.57%	0.15%	0.15%
KR	B	0.32%	0.35%	0.32%
L	A	0.17%	0.35%	0.17%
LEN	D	0.09%	0.38%	0.09%
LH	B	0.02%	0.18%	0.02%
LHX	B	0.03%	0.19%	0.03%
LII	B	0.0%	0.35%	0.0%
LLY	F	1.17%	0.16%	0.16%
LMT	D	0.43%	0.08%	0.08%
LNG	A	0.05%	0.4%	0.05%
LNT	A	0.03%	0.25%	0.03%
LOW	A	0.07%	0.08%	0.07%
LUV	A	0.0%	0.28%	0.0%
LVS	C	0.0%	0.17%	0.0%
LYB	F	0.03%	0.37%	0.03%
LYV	A	0.0%	0.38%	0.0%
MA	A	0.7%	0.09%	0.09%
MAA	A	0.01%	0.17%	0.01%
MANH	D	0.04%	0.25%	0.04%
MAR	A	0.01%	0.1%	0.01%
MAS	D	0.01%	0.08%	0.01%
MCD	D	0.41%	0.08%	0.08%
MCO	C	0.12%	0.25%	0.12%
MDLZ	F	0.15%	0.15%	0.15%
MDT	D	0.06%	0.16%	0.06%
MET	A	0.05%	0.08%	0.05%
META	C	2.14%	0.34%	0.34%
MKC	D	0.01%	0.08%	0.01%
MKL	A	0.12%	0.09%	0.09%
MMC	C	0.51%	0.08%	0.08%
MO	A	0.04%	0.09%	0.04%
MOH	F	0.06%	0.16%	0.06%
MPC	D	0.17%	0.4%	0.17%
MPWR	F	0.06%	0.12%	0.06%
MS	A	0.11%	0.32%	0.11%
MSCI	A	0.0%	0.09%	0.0%
MSI	A	0.61%	0.37%	0.37%
MSTR	B	0.0%	0.17%	0.0%
MTB	A	0.05%	0.4%	0.05%
MU	D	0.04%	0.09%	0.04%
NDAQ	A	0.01%	0.18%	0.01%
NDSN	B	0.02%	0.08%	0.02%
NEE	C	0.05%	0.3%	0.05%
NFLX	A	0.51%	0.28%	0.28%
NI	A	0.01%	0.35%	0.01%
NKE	D	0.16%	0.14%	0.14%
NOC	D	0.33%	0.08%	0.08%
NOW	B	0.01%	0.29%	0.01%
NRG	B	0.02%	0.43%	0.02%
NSC	B	0.03%	0.09%	0.03%
NTAP	D	0.04%	0.16%	0.04%
NTRS	A	0.02%	0.3%	0.02%
NUE	D	0.05%	0.44%	0.05%
NVDA	B	2.56%	0.3%	0.3%
NVR	D	0.06%	0.24%	0.06%
NWSA	B	0.01%	0.18%	0.01%
O	D	0.02%	0.15%	0.02%
OC	A	0.03%	0.46%	0.03%
ODFL	B	0.08%	0.1%	0.08%
OKE	A	0.03%	0.3%	0.03%
OMC	C	0.04%	0.17%	0.04%
ON	F	0.01%	0.4%	0.01%
ORCL	A	0.25%	0.37%	0.25%
ORLY	A	0.24%	0.09%	0.09%
OTIS	D	0.01%	0.08%	0.01%
OXY	F	0.03%	0.41%	0.03%
PANW	B	0.18%	0.1%	0.1%
PAYX	B	0.1%	0.09%	0.09%
PCAR	B	0.11%	0.49%	0.11%
PCG	A	0.03%	0.27%	0.03%
PEG	C	0.02%	0.25%	0.02%
PEP	F	0.79%	0.08%	0.08%
PFG	C	0.02%	0.17%	0.02%
PGR	B	0.35%	0.43%	0.35%
PH	A	0.02%	0.37%	0.02%
PHM	D	0.06%	0.39%	0.06%
PKG	B	0.04%	0.28%	0.04%
PLTR	A	0.0%	0.68%	0.0%
PM	A	0.07%	0.34%	0.07%
PNC	A	0.09%	0.19%	0.09%
POOL	D	0.03%	0.08%	0.03%
PPG	F	0.01%	0.24%	0.01%
PPL	A	0.01%	0.25%	0.01%
PRU	A	0.05%	0.17%	0.05%
PSA	C	0.08%	0.23%	0.08%
PSX	C	0.13%	0.41%	0.13%
PWR	A	0.01%	0.46%	0.01%
PYPL	A	0.04%	0.19%	0.04%
RBLX	B	0.0%	0.41%	0.0%
RCL	A	0.01%	0.55%	0.01%
RF	A	0.03%	0.28%	0.03%
RIVN	F	0.0%	0.08%	0.0%
RJF	A	0.02%	0.22%	0.02%
RMD	C	0.05%	0.34%	0.05%
ROL	A	0.08%	0.08%	0.08%
ROST	D	0.02%	0.16%	0.02%
RPM	A	0.01%	0.09%	0.01%
RS	B	0.02%	0.47%	0.02%
RSG	B	0.45%	0.09%	0.09%
RVTY	D	0.01%	0.08%	0.01%
SBAC	D	0.01%	0.08%	0.01%
SBUX	A	0.04%	0.09%	0.04%
SHW	B	0.14%	0.26%	0.14%
SLB	C	0.03%	0.44%	0.03%
SNA	A	0.04%	0.52%	0.04%
SO	C	0.45%	0.16%	0.16%
SPG	A	0.02%	0.18%	0.02%
SPGI	C	0.03%	0.25%	0.03%
SRE	A	0.03%	0.37%	0.03%
SSNC	D	0.01%	0.25%	0.01%
STLD	B	0.03%	0.49%	0.03%
STT	A	0.03%	0.27%	0.03%
STX	D	0.01%	0.23%	0.01%
SWKS	F	0.03%	0.37%	0.03%
SYF	A	0.04%	0.55%	0.04%
SYK	A	0.03%	0.09%	0.03%
SYY	D	0.03%	0.17%	0.03%
T	A	0.38%	0.42%	0.38%
TDG	D	0.01%	0.24%	0.01%
TDY	B	0.06%	0.28%	0.06%
TGT	D	0.14%	0.33%	0.14%
TJX	A	0.33%	0.25%	0.25%
TMO	D	0.06%	0.07%	0.06%
TMUS	A	0.73%	0.39%	0.39%
TPL	A	0.05%	0.4%	0.05%
TRGP	A	0.04%	0.44%	0.04%
TROW	A	0.05%	0.45%	0.05%
TRV	A	0.29%	0.28%	0.28%
TSCO	D	0.06%	0.16%	0.06%
TSLA	B	0.14%	0.22%	0.14%
TSN	A	0.13%	0.17%	0.13%
TT	A	0.14%	0.45%	0.14%
TTD	B	0.0%	0.3%	0.0%
TXT	D	0.01%	0.33%	0.01%
TYL	B	0.0%	0.26%	0.0%
UBER	C	0.01%	0.16%	0.01%
ULTA	D	0.07%	0.33%	0.07%
UPS	C	0.07%	0.16%	0.07%
URI	B	0.02%	0.45%	0.02%
USB	B	0.09%	0.28%	0.09%
UTHR	B	0.16%	0.47%	0.16%
VICI	C	0.02%	0.08%	0.02%
VLO	C	0.07%	0.43%	0.07%
VLTO	D	0.05%	0.23%	0.05%
VRT	A	0.0%	0.53%	0.0%
VRTX	C	0.45%	0.09%	0.09%
VST	A	0.01%	0.51%	0.01%
VTR	C	0.01%	0.34%	0.01%
VTRS	A	0.03%	0.38%	0.03%
VZ	C	0.56%	0.3%	0.3%
WAB	B	0.01%	0.46%	0.01%
WAT	B	0.04%	0.09%	0.04%
WEC	A	0.19%	0.26%	0.19%
WELL	A	0.02%	0.27%	0.02%
WFC	A	0.27%	0.43%	0.27%
WLK	F	0.0%	0.14%	0.0%
WMB	A	0.19%	0.1%	0.1%
WRB	A	0.14%	0.18%	0.14%
WSM	F	0.03%	0.07%	0.03%
WSO	A	0.03%	0.18%	0.03%
WST	C	0.04%	0.09%	0.04%
WY	D	0.02%	0.15%	0.02%
XEL	A	0.08%	0.35%	0.08%
XOM	B	0.47%	0.43%	0.43%
XYL	D	0.01%	0.15%	0.01%
ZBH	C	0.01%	0.34%	0.01%
ZM	B	0.01%	0.31%	0.01%
ZTS	D	0.15%	0.08%	0.08%

QWLD Overweight 245 Positions Relative to FEX

Symbol	Grade	Weight
MSFT	D	2.29%
UNH	B	1.34%
V	A	1.19%
GOOG	B	0.95%
PG	C	0.89%
NVS	D	0.81%
WMT	A	0.75%
WM	B	0.52%
TXN	C	0.51%
MCK	A	0.51%
ROP	C	0.49%
MRK	F	0.44%
ADBE	F	0.42%
COR	B	0.42%
ABBV	F	0.41%
QCOM	F	0.34%
REGN	F	0.33%
AMAT	F	0.32%
UNP	D	0.27%
UL	D	0.27%
ADP	B	0.26%
WCN	A	0.26%
INTU	A	0.25%
HON	A	0.25%
GILD	B	0.25%
HSBH	A	0.25%
MFG	A	0.22%
K	B	0.22%
BMY	B	0.21%
LRCX	F	0.2%
EA	A	0.19%
PFE	F	0.19%
CHD	A	0.18%
CHKP	D	0.17%
INCY	B	0.16%
ABBV	F	0.16%
FFIV	B	0.16%
YUM	D	0.15%
CME	A	0.15%
ITW	B	0.14%
CDNS	B	0.14%
VRSN	D	0.14%
TM	F	0.14%
MMM	D	0.14%
JNPR	D	0.13%
SNPS	C	0.13%
MUFG	A	0.13%
TD	D	0.12%
CAH	B	0.12%
E	F	0.12%
DEO	F	0.11%
BCS	A	0.11%
NBIX	D	0.11%
SMFG	A	0.1%
CNI	F	0.1%
LYG	C	0.09%
TFC	A	0.09%
RTX	D	0.09%
FAST	B	0.09%
AMCR	C	0.08%
KVUE	A	0.08%
AIZ	A	0.08%
CPRT	A	0.08%
SONY	D	0.08%
CDW	F	0.08%
PTC	B	0.08%
STLA	F	0.08%
A	D	0.07%
EW	C	0.07%
JKHY	D	0.07%
MNST	D	0.07%
HMC	F	0.07%
LULU	C	0.07%
BMRN	F	0.07%
IDXX	F	0.07%
WTW	B	0.07%
SJM	F	0.07%
WBD	B	0.06%
LOGI	F	0.06%
LIN	D	0.06%
ROK	A	0.06%
DPZ	C	0.06%
MCHP	F	0.06%
VEEV	C	0.05%
DINO	D	0.05%
MT	B	0.05%
DHR	D	0.05%
CRM	A	0.05%
AMD	F	0.04%
NEM	F	0.04%
ADI	D	0.04%
SCHW	A	0.04%
WBA	F	0.04%
WDAY	B	0.04%
PLD	D	0.04%
LPLA	A	0.04%
DFS	A	0.04%
BTI	C	0.04%
GGG	A	0.03%
TER	F	0.03%
BX	A	0.03%
FDS	A	0.03%
APA	F	0.03%
CBRE	B	0.03%
PNR	A	0.03%
SW	A	0.03%
SOLV	C	0.03%
PARA	C	0.02%
ACI	C	0.02%
NMR	B	0.02%
CNH	D	0.02%
TTC	D	0.02%
MKTX	C	0.02%
NXPI	F	0.02%
SEIC	A	0.02%
AOS	F	0.02%
OVV	C	0.02%
SMCI	F	0.02%
JBL	C	0.02%
FIS	B	0.02%
AFG	A	0.02%
ENPH	F	0.02%
AER	B	0.02%
DLR	A	0.02%
MOS	D	0.02%
EPAM	B	0.02%
PAYC	B	0.02%
MRO	A	0.02%
GPN	B	0.02%
GLW	B	0.02%
DKS	D	0.02%
ALLE	D	0.02%
IPG	F	0.02%
GEV	A	0.02%
MGM	D	0.01%
VRSK	B	0.01%
CTLT	C	0.01%
DVA	C	0.01%
WTRG	C	0.01%
UHAL	D	0.01%
FBIN	D	0.01%
RPRX	F	0.01%
EL	F	0.01%
HST	D	0.01%
TTWO	A	0.01%
FOX	A	0.01%
HII	F	0.01%
TRMB	A	0.01%
REG	A	0.01%
STE	D	0.01%
TRU	D	0.01%
SUI	D	0.01%
TWLO	A	0.01%
MBAVU	A	0.01%
WPC	D	0.01%
AVTR	F	0.01%
INVH	D	0.01%
BEN	C	0.01%
HSIC	D	0.01%
AES	F	0.01%
CCEP	D	0.01%
CG	B	0.01%
ACM	B	0.01%
STZ	D	0.01%
BXP	D	0.01%
AGCO	D	0.01%
CHRD	F	0.01%
CCK	D	0.01%
ZBRA	B	0.01%
BALL	D	0.01%
DLTR	F	0.01%
SE	B	0.01%
LKQ	D	0.01%
WFG	D	0.01%
EMN	C	0.01%
ALB	C	0.01%
ABNB	C	0.01%
KNX	B	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%
UHS	D	0.01%
BSY	D	0.01%
EQH	B	0.01%
LDOS	C	0.01%
EVRG	A	0.01%
TAP	A	0.01%
CHRW	A	0.01%
HES	B	0.01%
AME	A	0.01%
SWK	F	0.01%
BA	F	0.01%
ES	C	0.01%
SQ	A	0.01%
BAX	F	0.01%
MELI	D	0.01%
KMX	B	0.01%
GLBE	B	0.0%
IOT	B	0.0%
NET	C	0.0%
XRX	F	0.0%
TOST	A	0.0%
DKNG	B	0.0%
DDOG	B	0.0%
SNAP	D	0.0%
H	B	0.0%
PSTG	F	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%
PINS	F	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%
Z	A	0.0%
ELS	B	0.0%
TW	B	0.0%
ENTG	F	0.0%
QGEN	D	0.0%
BBWI	C	0.0%
LW	C	0.0%
UDR	C	0.0%
CSGP	F	0.0%
TFX	F	0.0%
AMH	C	0.0%
MTCH	F	0.0%
OTEX	F	0.0%
ANSS	B	0.0%
ALGN	D	0.0%
CRL	D	0.0%
CPT	D	0.0%
BIO	C	0.0%
ILMN	C	0.0%
QRVO	F	0.0%

QWLD Underweight 9 Positions Relative to FEX

Symbol	Grade	Weight
UAL	A	-0.65%
CVNA	A	-0.48%
TOL	B	-0.43%
THC	C	-0.42%
CPNG	C	-0.41%
ALNY	D	-0.34%
CASY	B	-0.27%
RGA	A	-0.18%
BLD	F	-0.08%