QWLD vs. ILCG ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares Morningstar Growth ETF (ILCG)

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

$127.97

Average Daily Volume

3,476

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

ILCG

iShares Morningstar Growth ETF

ILCG Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap Broad Growth IndexSM composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large- mid capitalization companies that have exhibited above-average “growth” characteristics as determined by Morningstar, Inc. (Morningstar” or the index provider) proprietary index methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$89.14

Average Daily Volume

69,079

Number of Holdings ^*

387

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ILCG
30 Days	-0.47%	3.25%
60 Days	0.20%	6.74%
90 Days	0.50%	8.19%
12 Months	22.20%	37.10%

344 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in ILCG	Overlap
	A	D	0.06%	0.14%	0.06%
	AAPL	C	2.57%	6.31%	2.57%
	ABNB	C	0.01%	0.22%	0.01%
	ACGL	C	0.26%	0.04%	0.04%
	ACM	B	0.01%	0.04%	0.01%
	ACN	B	0.65%	0.12%	0.12%
	ADBE	C	0.42%	0.85%	0.42%
	ADI	D	0.04%	0.07%	0.04%
	ADP	A	0.26%	0.17%	0.17%
	ADSK	A	0.1%	0.25%	0.1%
	AFG	A	0.02%	0.02%	0.02%
	AJG	A	0.19%	0.08%	0.08%
	AKAM	D	0.11%	0.02%	0.02%
	ALB	B	0.01%	0.03%	0.01%
	ALGN	D	0.0%	0.04%	0.0%
	ALL	A	0.08%	0.08%	0.08%
	ALLE	C	0.02%	0.03%	0.02%
	AMAT	F	0.29%	0.21%	0.21%
	AMD	F	0.03%	0.87%	0.03%
	AME	A	0.01%	0.17%	0.01%
	AMH	C	0.0%	0.05%	0.0%
	AMP	A	0.09%	0.14%	0.09%
	AMZN	C	0.37%	7.48%	0.37%
	ANET	C	0.19%	0.37%	0.19%
	ANSS	B	0.0%	0.11%	0.0%
	AON	A	0.17%	0.08%	0.08%
	AOS	F	0.02%	0.02%	0.02%
	APH	A	0.43%	0.18%	0.18%
	APO	B	0.02%	0.07%	0.02%
	APP	B	0.0%	0.26%	0.0%
	APTV	F	0.01%	0.02%	0.01%
	ARE	F	0.01%	0.02%	0.01%
	ARES	A	0.0%	0.12%	0.0%
	AVB	B	0.01%	0.06%	0.01%
	AVGO	D	0.11%	1.63%	0.11%
	AVTR	F	0.01%	0.03%	0.01%
	AVY	F	0.03%	0.03%	0.03%
	AWK	C	0.01%	0.05%	0.01%
	AXON	A	0.0%	0.17%	0.0%
	AXP	A	0.06%	0.21%	0.06%
	AZO	C	0.28%	0.2%	0.2%
	BAH	F	0.15%	0.05%	0.05%
	BALL	F	0.01%	0.04%	0.01%
	BKNG	A	0.03%	0.22%	0.03%
	BKR	A	0.02%	0.08%	0.02%
	BLDR	D	0.05%	0.04%	0.04%
	BMRN	F	0.07%	0.04%	0.04%
	BR	A	0.04%	0.1%	0.04%
	BRO	B	0.14%	0.1%	0.1%
	BSX	A	0.02%	0.24%	0.02%
	BSY	F	0.01%	0.02%	0.01%
	BURL	B	0.01%	0.07%	0.01%
	BX	A	0.03%	0.24%	0.03%
	CARR	C	0.02%	0.14%	0.02%
	CAT	B	0.36%	0.17%	0.17%
	CBRE	B	0.03%	0.1%	0.03%
	CCK	D	0.01%	0.02%	0.01%
	CDNS	B	0.13%	0.31%	0.13%
	CDW	F	0.07%	0.09%	0.07%
	CE	F	0.01%	0.02%	0.01%
	CHD	A	0.19%	0.11%	0.11%
	CINF	A	0.02%	0.03%	0.02%
	CL	D	0.2%	0.09%	0.09%
	CLX	A	0.01%	0.05%	0.01%
	CMG	B	0.14%	0.31%	0.14%
	CMI	A	0.1%	0.13%	0.1%
	CMS	C	0.05%	0.03%	0.03%
	COIN	C	0.01%	0.25%	0.01%
	COR	B	0.41%	0.09%	0.09%
	COST	A	0.76%	0.74%	0.74%
	CPAY	A	0.01%	0.07%	0.01%
	CPRT	B	0.08%	0.19%	0.08%
	CPT	B	0.01%	0.02%	0.01%
	CRL	D	0.0%	0.02%	0.0%
	CRM	B	0.06%	1.16%	0.06%
	CRWD	B	0.0%	0.31%	0.0%
	CSGP	D	0.0%	0.11%	0.0%
	CSL	C	0.03%	0.08%	0.03%
	CTAS	B	0.14%	0.29%	0.14%
	CTRA	B	0.02%	0.03%	0.02%
	CTVA	C	0.04%	0.07%	0.04%
	D	C	0.06%	0.08%	0.06%
	DAL	B	0.01%	0.07%	0.01%
	DASH	B	0.01%	0.21%	0.01%
	DAY	B	0.0%	0.04%	0.0%
	DD	C	0.02%	0.06%	0.02%
	DDOG	A	0.0%	0.15%	0.0%
	DECK	A	0.05%	0.11%	0.05%
	DELL	B	0.01%	0.06%	0.01%
	DFS	B	0.04%	0.09%	0.04%
	DIS	B	0.1%	0.23%	0.1%
	DKNG	B	0.0%	0.04%	0.0%
	DKS	D	0.02%	0.02%	0.02%
	DLR	B	0.02%	0.17%	0.02%
	DLTR	F	0.01%	0.02%	0.01%
	DOCU	B	0.0%	0.06%	0.0%
	DOV	A	0.05%	0.07%	0.05%
	DOW	F	0.03%	0.05%	0.03%
	DPZ	C	0.06%	0.06%	0.06%
	DRI	B	0.03%	0.04%	0.03%
	DT	D	0.0%	0.05%	0.0%
	DVA	C	0.01%	0.01%	0.01%
	DXCM	C	0.0%	0.11%	0.0%
	EA	A	0.2%	0.11%	0.11%
	EBAY	D	0.01%	0.04%	0.01%
	ECL	D	0.01%	0.13%	0.01%
	EFX	F	0.01%	0.12%	0.01%
	EL	F	0.01%	0.06%	0.01%
	ELS	C	0.0%	0.03%	0.0%
	EME	A	0.04%	0.09%	0.04%
	ENPH	F	0.01%	0.03%	0.01%
	ENTG	D	0.0%	0.04%	0.0%
	EPAM	B	0.02%	0.03%	0.02%
	EQIX	A	0.02%	0.34%	0.02%
	EQR	C	0.01%	0.04%	0.01%
	EQT	B	0.02%	0.06%	0.02%
	ERIE	D	0.12%	0.04%	0.04%
	ESS	B	0.01%	0.04%	0.01%
	ETN	A	0.03%	0.32%	0.03%
	EW	C	0.07%	0.16%	0.07%
	EXAS	D	0.0%	0.04%	0.0%
	EXPE	B	0.01%	0.04%	0.01%
	EXR	C	0.01%	0.05%	0.01%
	FAST	B	0.09%	0.18%	0.09%
	FCNCA	A	0.11%	0.11%	0.11%
	FDS	B	0.03%	0.07%	0.03%
	FFIV	B	0.16%	0.02%	0.02%
	FI	A	0.09%	0.1%	0.09%
	FICO	B	0.05%	0.22%	0.05%
	FSLR	F	0.01%	0.07%	0.01%
	FTNT	C	0.01%	0.23%	0.01%
	FTV	C	0.01%	0.07%	0.01%
	GDDY	A	0.25%	0.1%	0.1%
	GE	D	0.31%	0.4%	0.31%
	GEHC	D	0.02%	0.06%	0.02%
	GEN	B	0.12%	0.03%	0.03%
	GEV	B	0.02%	0.19%	0.02%
	GGG	B	0.03%	0.06%	0.03%
	GOOG	C	0.94%	1.86%	0.94%
	GOOGL	C	1.07%	2.07%	1.07%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.02%	0.04%	0.02%
	GRMN	B	0.05%	0.08%	0.05%
	GWW	B	0.11%	0.2%	0.11%
	HAL	C	0.02%	0.06%	0.02%
	HEI	A	0.0%	0.04%	0.0%
	HEI	A	0.0%	0.06%	0.0%
	HEI	A	0.0%	0.04%	0.0%
	HEI	A	0.0%	0.06%	0.0%
	HES	B	0.01%	0.16%	0.01%
	HII	F	0.01%	0.02%	0.01%
	HLT	A	0.01%	0.24%	0.01%
	HOOD	B	0.0%	0.07%	0.0%
	HRL	D	0.09%	0.01%	0.01%
	HSY	F	0.16%	0.05%	0.05%
	HUBB	B	0.04%	0.09%	0.04%
	HWM	A	0.01%	0.18%	0.01%
	ICE	C	0.03%	0.06%	0.03%
	IDXX	F	0.07%	0.13%	0.07%
	IEX	C	0.03%	0.07%	0.03%
	ILMN	C	0.0%	0.08%	0.0%
	INCY	C	0.15%	0.02%	0.02%
	INTU	B	0.27%	0.7%	0.27%
	INVH	D	0.01%	0.08%	0.01%
	IQV	F	0.01%	0.09%	0.01%
	IR	B	0.01%	0.16%	0.01%
	IRM	C	0.01%	0.07%	0.01%
	ISRG	A	0.25%	0.73%	0.25%
	IT	C	0.03%	0.15%	0.03%
	J	D	0.01%	0.04%	0.01%
	JBHT	C	0.03%	0.04%	0.03%
	JBL	C	0.02%	0.03%	0.02%
	JCI	B	0.03%	0.13%	0.03%
	JKHY	D	0.07%	0.05%	0.05%
	KDP	F	0.14%	0.05%	0.05%
	KEYS	A	0.17%	0.05%	0.05%
	KIM	A	0.01%	0.05%	0.01%
	KKR	A	0.02%	0.11%	0.02%
	KLAC	F	0.14%	0.12%	0.12%
	KMB	C	0.11%	0.06%	0.06%
	KMX	B	0.02%	0.02%	0.02%
	LDOS	C	0.01%	0.03%	0.01%
	LII	A	0.0%	0.08%	0.0%
	LIN	C	0.06%	0.15%	0.06%
	LLY	F	1.14%	2.38%	1.14%
	LNG	A	0.06%	0.06%	0.06%
	LPLA	A	0.05%	0.09%	0.05%
	LRCX	F	0.18%	0.14%	0.14%
	LULU	C	0.07%	0.13%	0.07%
	LUV	C	0.0%	0.03%	0.0%
	LVS	B	0.0%	0.08%	0.0%
	LW	C	0.0%	0.04%	0.0%
	LYV	A	0.0%	0.08%	0.0%
	MA	B	0.71%	1.64%	0.71%
	MAA	B	0.01%	0.03%	0.01%
	MANH	D	0.04%	0.06%	0.04%
	MAR	A	0.01%	0.04%	0.01%
	MAS	D	0.01%	0.03%	0.01%
	MCD	D	0.42%	0.17%	0.17%
	MCHP	F	0.06%	0.06%	0.06%
	MCK	A	0.58%	0.09%	0.09%
	MCO	B	0.13%	0.16%	0.13%
	MELI	C	0.01%	0.36%	0.01%
	META	D	2.11%	2.69%	2.11%
	MGM	D	0.01%	0.02%	0.01%
	MKC	C	0.01%	0.04%	0.01%
	MKL	A	0.13%	0.05%	0.05%
	MLM	C	0.01%	0.14%	0.01%
	MMC	B	0.51%	0.11%	0.11%
	MNST	C	0.07%	0.15%	0.07%
	MOH	F	0.06%	0.04%	0.04%
	MPWR	F	0.04%	0.11%	0.04%
	MRK	D	0.42%	0.34%	0.34%
	MRNA	F	0.01%	0.02%	0.01%
	MRVL	B	0.01%	0.3%	0.01%
	MSCI	C	0.0%	0.18%	0.0%
	MSFT	D	2.3%	11.98%	2.3%
	MSI	B	0.65%	0.1%	0.1%
	MSTR	B	0.0%	0.18%	0.0%
	NBIX	C	0.11%	0.05%	0.05%
	NDAQ	A	0.01%	0.05%	0.01%
	NDSN	B	0.02%	0.05%	0.02%
	NEM	D	0.04%	0.11%	0.04%
	NET	B	0.0%	0.11%	0.0%
	NFLX	A	0.54%	1.44%	0.54%
	NKE	F	0.17%	0.08%	0.08%
	NOW	A	0.01%	0.81%	0.01%
	NRG	B	0.02%	0.03%	0.02%
	NTAP	C	0.04%	0.05%	0.04%
	NVDA	B	2.53%	13.45%	2.53%
	O	C	0.02%	0.06%	0.02%
	ODFL	C	0.08%	0.15%	0.08%
	OKTA	C	0.0%	0.05%	0.0%
	ON	D	0.01%	0.04%	0.01%
	ORCL	A	0.25%	0.33%	0.25%
	ORLY	B	0.24%	0.07%	0.07%
	OTIS	C	0.01%	0.09%	0.01%
	PANW	B	0.18%	0.48%	0.18%
	PAYC	B	0.02%	0.04%	0.02%
	PAYX	B	0.1%	0.18%	0.1%
	PCG	A	0.03%	0.07%	0.03%
	PGR	A	0.35%	0.31%	0.31%
	PH	A	0.02%	0.15%	0.02%
	PHM	D	0.06%	0.04%	0.04%
	PINS	F	0.0%	0.04%	0.0%
	PLD	F	0.04%	0.11%	0.04%
	PLTR	B	0.0%	0.48%	0.0%
	PNR	A	0.03%	0.05%	0.03%
	PODD	C	0.0%	0.07%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.01%	0.04%	0.01%
	PSA	C	0.09%	0.1%	0.09%
	PSTG	D	0.0%	0.06%	0.0%
	PTC	B	0.08%	0.09%	0.08%
	PWR	A	0.01%	0.19%	0.01%
	QRVO	F	0.0%	0.01%	0.0%
	RBLX	C	0.0%	0.11%	0.0%
	RCL	A	0.01%	0.15%	0.01%
	REG	A	0.01%	0.02%	0.01%
	RJF	A	0.02%	0.07%	0.02%
	RMD	C	0.05%	0.14%	0.05%
	ROK	C	0.06%	0.12%	0.06%
	ROL	B	0.08%	0.06%	0.06%
	ROP	B	0.48%	0.1%	0.1%
	ROST	D	0.02%	0.18%	0.02%
	RPM	A	0.01%	0.04%	0.01%
	RSG	A	0.46%	0.05%	0.05%
	RVTY	F	0.01%	0.02%	0.01%
	SBAC	D	0.01%	0.09%	0.01%
	SBUX	A	0.04%	0.15%	0.04%
	SHW	B	0.14%	0.11%	0.11%
	SLB	C	0.03%	0.04%	0.03%
	SMCI	F	0.01%	0.05%	0.01%
	SNA	A	0.04%	0.02%	0.02%
	SNAP	D	0.0%	0.04%	0.0%
	SNOW	B	0.0%	0.16%	0.0%
	SNPS	B	0.12%	0.32%	0.12%
	SPGI	C	0.04%	0.26%	0.04%
	SQ	A	0.02%	0.2%	0.02%
	STE	D	0.01%	0.08%	0.01%
	STZ	D	0.01%	0.08%	0.01%
	SUI	C	0.01%	0.06%	0.01%
	SWK	D	0.01%	0.02%	0.01%
	SYK	B	0.03%	0.21%	0.03%
	SYY	D	0.03%	0.14%	0.03%
	TDG	D	0.01%	0.27%	0.01%
	TDY	B	0.06%	0.05%	0.05%
	TECH	F	0.0%	0.04%	0.0%
	TER	F	0.02%	0.03%	0.02%
	TFX	F	0.0%	0.01%	0.0%
	TJX	A	0.35%	0.14%	0.14%
	TMO	F	0.06%	0.11%	0.06%
	TMUS	B	0.76%	0.09%	0.09%
	TPL	A	0.06%	0.11%	0.06%
	TRGP	A	0.04%	0.07%	0.04%
	TRMB	B	0.01%	0.04%	0.01%
	TRU	D	0.01%	0.07%	0.01%
	TRV	B	0.3%	0.1%	0.1%
	TSCO	D	0.06%	0.08%	0.06%
	TSLA	B	0.16%	3.71%	0.16%
	TSN	B	0.15%	0.03%	0.03%
	TT	A	0.15%	0.19%	0.15%
	TTD	B	0.0%	0.21%	0.0%
	TTWO	A	0.01%	0.12%	0.01%
	TW	A	0.0%	0.06%	0.0%
	TWLO	A	0.01%	0.06%	0.01%
	TXT	D	0.01%	0.03%	0.01%
	TYL	B	0.0%	0.1%	0.0%
	UBER	F	0.01%	0.54%	0.01%
	UDR	B	0.0%	0.03%	0.0%
	UHAL	D	0.0%	0.0%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	F	0.06%	0.03%	0.03%
	UNH	B	1.35%	0.28%	0.28%
	URI	C	0.02%	0.1%	0.02%
	V	A	1.21%	2.01%	1.21%
	VEEV	C	0.05%	0.12%	0.05%
	VLTO	C	0.05%	0.06%	0.05%
	VMC	B	0.01%	0.14%	0.01%
	VRSK	A	0.01%	0.16%	0.01%
	VRSN	C	0.14%	0.06%	0.06%
	VRT	B	0.0%	0.2%	0.0%
	VRTX	D	0.43%	0.2%	0.2%
	VST	A	0.01%	0.12%	0.01%
	VTR	B	0.01%	0.03%	0.01%
	WAB	B	0.01%	0.13%	0.01%
	WAT	C	0.04%	0.05%	0.04%
	WDAY	B	0.04%	0.21%	0.04%
	WELL	A	0.02%	0.12%	0.02%
	WLK	D	0.0%	0.01%	0.0%
	WM	B	0.52%	0.09%	0.09%
	WRB	A	0.14%	0.04%	0.04%
	WSM	C	0.03%	0.04%	0.03%
	WSO	A	0.03%	0.07%	0.03%
	WST	C	0.04%	0.09%	0.04%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.07%	0.06%	0.06%
	WYNN	C	0.0%	0.03%	0.0%
	XYL	D	0.01%	0.11%	0.01%
	YUM	D	0.15%	0.14%	0.14%
	ZBH	C	0.01%	0.04%	0.01%
	ZBRA	B	0.01%	0.06%	0.01%
	ZTS	D	0.15%	0.14%	0.14%

QWLD Overweight 269 Positions Relative to ILCG

	Symbol	Grade	Weight
	JNJ	C	1.1%
	CSCO	B	1.03%
	PG	C	0.95%
	NVS	F	0.79%
	PEP	F	0.77%
	WMT	A	0.76%
	BRK.A	B	0.73%
	JPM	A	0.6%
	VZ	C	0.58%
	KO	D	0.56%
	TXN	C	0.48%
	XOM	B	0.47%
	SO	C	0.46%
	IBM	C	0.46%
	LMT	D	0.42%
	CB	C	0.4%
	T	A	0.39%
	BAC	A	0.39%
	DUK	C	0.36%
	ED	C	0.35%
	ABBV	F	0.34%
	GIS	D	0.33%
	CVX	A	0.33%
	NOC	D	0.32%
	QCOM	F	0.32%
	REGN	F	0.31%
	KR	B	0.31%
	WFC	A	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	UNP	C	0.26%
	HON	C	0.26%
	HSBH	B	0.25%
	C	A	0.25%
	BLK	B	0.25%
	CBOE	C	0.24%
	MFG	A	0.24%
	GILD	C	0.24%
	K	A	0.23%
	ELV	F	0.21%
	BMY	B	0.21%
	KHC	F	0.2%
	WEC	A	0.2%
	CTSH	B	0.2%
	GM	C	0.19%
	WMB	A	0.19%
	GD	D	0.18%
	CI	D	0.18%
	PFE	F	0.18%
	CMCSA	B	0.17%
	L	A	0.17%
	CHKP	C	0.17%
	GS	A	0.17%
	MPC	D	0.17%
	ABBV	F	0.16%
	CVS	D	0.16%
	CME	B	0.16%
	AMGN	F	0.16%
	TM	F	0.15%
	TGT	F	0.15%
	UTHR	C	0.15%
	HD	B	0.15%
	HUM	C	0.15%
	PSX	C	0.14%
	MMM	D	0.14%
	MUFG	B	0.14%
	MDLZ	F	0.14%
	CAH	B	0.13%
	CF	A	0.13%
	ITW	B	0.13%
	MS	A	0.12%
	JNPR	D	0.12%
	AFL	B	0.12%
	TD	D	0.12%
	E	F	0.12%
	DGX	A	0.11%
	PCAR	B	0.11%
	CSX	C	0.11%
	BCS	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	COF	C	0.1%
	COP	C	0.1%
	CNI	F	0.1%
	INTC	C	0.1%
	SMFG	B	0.1%
	DHI	F	0.1%
	XEL	A	0.09%
	CPB	D	0.09%
	LEN	D	0.09%
	FANG	C	0.09%
	LYG	D	0.09%
	TFC	A	0.09%
	RTX	D	0.09%
	AEE	A	0.09%
	USB	A	0.09%
	ABT	B	0.09%
	F	C	0.09%
	VLO	C	0.08%
	AMCR	C	0.08%
	KVUE	A	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	WBD	B	0.07%
	HMC	F	0.07%
	AIG	B	0.07%
	UPS	C	0.07%
	AEP	C	0.07%
	SJM	D	0.07%
	PM	B	0.07%
	FDX	B	0.07%
	BDX	F	0.07%
	LOW	C	0.07%
	NEE	C	0.06%
	BBY	D	0.06%
	EOG	A	0.06%
	EG	C	0.06%
	MDT	D	0.06%
	LOGI	D	0.06%
	DE	B	0.06%
	NVR	D	0.06%
	MTB	A	0.05%
	BTI	B	0.05%
	ADM	D	0.05%
	CNC	D	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	MET	A	0.05%
	DHR	F	0.05%
	BK	A	0.05%
	TROW	B	0.05%
	CHTR	C	0.05%
	HCA	F	0.04%
	SRE	A	0.04%
	HPE	B	0.04%
	WBA	F	0.04%
	SYF	B	0.04%
	PKG	A	0.04%
	EXPD	C	0.04%
	KMI	A	0.04%
	CFG	B	0.04%
	MU	D	0.04%
	CAG	F	0.04%
	MO	A	0.04%
	OMC	C	0.04%
	SCHW	B	0.04%
	HPQ	B	0.04%
	NUE	C	0.04%
	PYPL	B	0.04%
	EIX	B	0.03%
	DVN	F	0.03%
	LYB	F	0.03%
	SWKS	F	0.03%
	BG	D	0.03%
	ETR	B	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	APD	A	0.03%
	LNT	A	0.03%
	HIG	B	0.03%
	SOLV	D	0.03%
	VTRS	A	0.03%
	EMR	B	0.03%
	OKE	A	0.03%
	HBAN	A	0.03%
	EXC	C	0.03%
	OC	A	0.03%
	STT	B	0.03%
	RF	A	0.03%
	OXY	D	0.03%
	FITB	B	0.03%
	ALLY	C	0.02%
	TTC	C	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	ACI	C	0.02%
	WY	F	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	CEG	C	0.02%
	NTRS	A	0.02%
	DTE	C	0.02%
	OVV	B	0.02%
	SPG	A	0.02%
	AER	A	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	LH	B	0.02%
	PFG	D	0.02%
	VICI	C	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	IPG	D	0.02%
	AMT	C	0.02%
	PEG	A	0.02%
	IP	A	0.02%
	STLD	B	0.02%
	FCX	F	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	APA	D	0.02%
	CTLT	C	0.01%
	RPRX	D	0.01%
	MBAVU	C	0.01%
	HST	C	0.01%
	GLPI	C	0.01%
	FOX	A	0.01%
	NWSA	A	0.01%
	CCL	A	0.01%
	WPC	C	0.01%
	STX	C	0.01%
	HSIC	C	0.01%
	BEN	C	0.01%
	CG	B	0.01%
	DOC	C	0.01%
	AES	F	0.01%
	CCEP	C	0.01%
	BXP	C	0.01%
	ZM	C	0.01%
	CHRD	D	0.01%
	AGCO	D	0.01%
	SSNC	B	0.01%
	LKQ	F	0.01%
	WFG	C	0.01%
	SE	A	0.01%
	WDC	D	0.01%
	EMN	C	0.01%
	KNX	C	0.01%
	HOLX	D	0.01%
	IFF	D	0.01%
	NI	A	0.01%
	EQH	C	0.01%
	FNF	B	0.01%
	CNP	A	0.01%
	CRBG	B	0.01%
	EVRG	A	0.01%
	CHRW	B	0.01%
	ATO	A	0.01%
	BIIB	F	0.01%
	DG	F	0.01%
	FOXA	A	0.01%
	BAX	F	0.01%
	TAP	C	0.01%
	BA	F	0.01%
	FE	C	0.01%
	CCI	C	0.01%
	ES	C	0.01%
	PPL	A	0.01%
	CNH	C	0.01%
	PARA	C	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	XRX	F	0.0%
	TOST	B	0.0%
	H	B	0.0%
	FUTU	D	0.0%
	GRAB	A	0.0%
	ROKU	D	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	MTCH	D	0.0%
	QGEN	D	0.0%
	BBWI	C	0.0%
	BIO	C	0.0%
	OTEX	F	0.0%
	FBIN	D	0.0%

QWLD Underweight 45 Positions Relative to ILCG

	Symbol	Grade	Weight
	TEAM	A	-0.15%
	HUBS	A	-0.13%
	ALNY	D	-0.11%
	MTD	F	-0.1%
	TEL	B	-0.09%
	IBKR	A	-0.08%
	NTRA	A	-0.08%
	MDB	B	-0.08%
	FIX	A	-0.07%
	FWONK	A	-0.07%
	ZS	B	-0.07%
	CPNG	D	-0.07%
	NTNX	B	-0.06%
	NVT	B	-0.05%
	CLH	C	-0.05%
	PFGC	B	-0.05%
	SAIA	B	-0.05%
	COO	D	-0.05%
	WMS	F	-0.04%
	SRPT	F	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	FND	D	-0.04%
	CASY	A	-0.04%
	TTEK	F	-0.04%
	XPO	B	-0.04%
	LECO	C	-0.04%
	BLD	D	-0.03%
	AZPN	A	-0.03%
	SCI	B	-0.03%
	USFD	A	-0.03%
	MEDP	D	-0.03%
	CNM	D	-0.03%
	MORN	B	-0.03%
	CELH	F	-0.02%
	BRKR	D	-0.02%
	BJ	A	-0.02%
	FLEX	B	-0.02%
	TOL	B	-0.02%
	U	C	-0.02%
	PCOR	B	-0.02%
	RRX	B	-0.02%
	FWONA	A	-0.01%
	COTY	F	-0.01%
	ALAB	B	-0.01%

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

ILCG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Diagnostics & Research Specialty Retail REIT - Residential Semiconductors Software - Infrastructure Biotechnology Capital Markets Specialty Chemicals Engineering & Construction Insurance - Property & Casualty Internet Content & Information Restaurants Household & Personal Products Insurance Brokers Medical Devices Medical Instruments & Supplies Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Electronics Aerospace Cloud Computing IBD 50 Insurance Real Estate Investment Trust Semiconductor Chemical Dow Jones Component Mining Mobile Devices Beverage Cloud Infrastructure Natural Gas Software As A Service Medicine Software