QWLD vs. IUS ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Invesco Strategic US ETF (IUS)

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

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.77

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	IUS
30 Days	0.82%	3.50%
60 Days	0.23%	3.79%
90 Days	0.87%	5.45%
12 Months	22.65%	27.21%

402 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in IUS	Overlap
A	D	0.06%	0.05%	0.05%
AAPL	C	2.57%	4.81%	2.57%
ABBV	D	0.16%	0.63%	0.16%
ABBV	D	0.34%	0.63%	0.34%
ABNB	C	0.01%	0.13%	0.01%
ABT	B	0.09%	0.38%	0.09%
ACGL	D	0.26%	0.1%	0.1%
ACI	C	0.02%	0.12%	0.02%
ACM	A	0.01%	0.05%	0.01%
ACN	C	0.65%	0.48%	0.48%
ADBE	C	0.42%	0.27%	0.27%
ADM	D	0.05%	0.28%	0.05%
ADP	B	0.26%	0.17%	0.17%
ADSK	A	0.1%	0.08%	0.08%
AES	F	0.01%	0.04%	0.01%
AFG	A	0.02%	0.05%	0.02%
AGCO	D	0.01%	0.04%	0.01%
AIZ	A	0.08%	0.06%	0.06%
AKAM	D	0.11%	0.04%	0.04%
ALB	C	0.01%	0.05%	0.01%
ALGN	D	0.0%	0.03%	0.0%
ALL	A	0.08%	0.26%	0.08%
AMAT	F	0.29%	0.2%	0.2%
AMCR	D	0.08%	0.07%	0.07%
AMD	F	0.03%	0.2%	0.03%
AME	A	0.01%	0.06%	0.01%
AMGN	D	0.16%	0.23%	0.16%
AMZN	C	0.37%	2.07%	0.37%
ANET	C	0.19%	0.04%	0.04%
ANSS	B	0.0%	0.03%	0.0%
AON	A	0.17%	0.16%	0.16%
AOS	F	0.02%	0.02%	0.02%
APA	D	0.02%	0.05%	0.02%
APD	A	0.03%	0.15%	0.03%
APH	A	0.43%	0.09%	0.09%
APP	B	0.0%	0.1%	0.0%
APTV	D	0.01%	0.05%	0.01%
AVGO	D	0.11%	0.73%	0.11%
AVTR	F	0.01%	0.03%	0.01%
AVY	D	0.03%	0.03%	0.03%
AXP	A	0.06%	0.53%	0.06%
AZO	C	0.28%	0.13%	0.13%
BA	F	0.01%	0.11%	0.01%
BAH	F	0.15%	0.03%	0.03%
BALL	D	0.01%	0.05%	0.01%
BAX	D	0.01%	0.06%	0.01%
BBY	D	0.06%	0.13%	0.06%
BDX	F	0.07%	0.15%	0.07%
BEN	C	0.01%	0.03%	0.01%
BG	F	0.03%	0.13%	0.03%
BIIB	F	0.01%	0.05%	0.01%
BKNG	A	0.03%	0.41%	0.03%
BKR	B	0.02%	0.18%	0.02%
BLDR	D	0.05%	0.12%	0.05%
BMY	B	0.21%	0.64%	0.21%
BR	A	0.04%	0.04%	0.04%
BRK.A	B	0.73%	2.95%	0.73%
BRO	B	0.14%	0.03%	0.03%
BSX	B	0.02%	0.12%	0.02%
BURL	A	0.01%	0.04%	0.01%
BX	A	0.03%	0.26%	0.03%
CAG	D	0.04%	0.06%	0.04%
CAH	B	0.13%	0.48%	0.13%
CARR	D	0.02%	0.11%	0.02%
CAT	B	0.36%	0.45%	0.36%
CB	C	0.4%	0.43%	0.4%
CBOE	B	0.24%	0.03%	0.03%
CBRE	B	0.03%	0.14%	0.03%
CCK	C	0.01%	0.04%	0.01%
CCL	B	0.01%	0.12%	0.01%
CDNS	B	0.13%	0.05%	0.05%
CDW	F	0.07%	0.05%	0.05%
CE	F	0.01%	0.03%	0.01%
CEG	D	0.02%	0.04%	0.02%
CF	B	0.13%	0.1%	0.1%
CHD	B	0.19%	0.04%	0.04%
CHRD	D	0.01%	0.04%	0.01%
CHRW	C	0.01%	0.08%	0.01%
CHTR	C	0.05%	0.34%	0.05%
CI	F	0.18%	0.64%	0.18%
CINF	A	0.02%	0.1%	0.02%
CL	D	0.2%	0.12%	0.12%
CLX	B	0.01%	0.04%	0.01%
CMCSA	B	0.17%	1.13%	0.17%
CMG	B	0.14%	0.05%	0.05%
CMI	A	0.1%	0.16%	0.1%
CMS	C	0.05%	0.06%	0.05%
CNC	D	0.05%	0.32%	0.05%
CNP	B	0.01%	0.1%	0.01%
COP	C	0.1%	0.68%	0.1%
COR	B	0.41%	0.45%	0.41%
COST	B	0.76%	0.74%	0.74%
CPAY	A	0.01%	0.06%	0.01%
CPB	D	0.09%	0.03%	0.03%
CPRT	A	0.08%	0.03%	0.03%
CRM	B	0.06%	0.52%	0.06%
CSCO	B	1.03%	0.74%	0.74%
CSGP	D	0.0%	0.02%	0.0%
CSL	C	0.03%	0.05%	0.03%
CSX	B	0.11%	0.21%	0.11%
CTAS	B	0.14%	0.07%	0.07%
CTRA	B	0.02%	0.13%	0.02%
CTSH	B	0.2%	0.14%	0.14%
CTVA	C	0.04%	0.14%	0.04%
CVS	D	0.16%	1.02%	0.16%
CVX	A	0.33%	1.68%	0.33%
DAL	C	0.01%	0.06%	0.01%
DASH	A	0.01%	0.07%	0.01%
DD	D	0.02%	0.14%	0.02%
DE	A	0.06%	0.38%	0.06%
DECK	A	0.05%	0.03%	0.03%
DELL	C	0.01%	0.22%	0.01%
DG	F	0.01%	0.07%	0.01%
DGX	A	0.11%	0.07%	0.07%
DHI	D	0.1%	0.17%	0.1%
DHR	F	0.05%	0.21%	0.05%
DINO	D	0.05%	0.09%	0.05%
DIS	B	0.1%	0.57%	0.1%
DKS	C	0.02%	0.06%	0.02%
DLTR	F	0.01%	0.06%	0.01%
DOV	A	0.05%	0.05%	0.05%
DOW	F	0.03%	0.18%	0.03%
DRI	B	0.03%	0.06%	0.03%
DTE	C	0.02%	0.1%	0.02%
DVA	B	0.01%	0.05%	0.01%
DVN	F	0.03%	0.12%	0.03%
DXCM	D	0.0%	0.02%	0.0%
EA	A	0.2%	0.1%	0.1%
EBAY	D	0.01%	0.12%	0.01%
ECL	D	0.01%	0.08%	0.01%
ED	D	0.35%	0.14%	0.14%
EFX	F	0.01%	0.04%	0.01%
EG	C	0.06%	0.1%	0.06%
EL	F	0.01%	0.04%	0.01%
ELV	F	0.21%	0.39%	0.21%
EME	C	0.04%	0.05%	0.04%
EMN	D	0.01%	0.05%	0.01%
EMR	A	0.03%	0.15%	0.03%
EOG	A	0.06%	0.35%	0.06%
EQIX	A	0.02%	0.1%	0.02%
EQT	B	0.02%	0.1%	0.02%
ETN	A	0.03%	0.16%	0.03%
EW	C	0.07%	0.04%	0.04%
EXC	C	0.03%	0.17%	0.03%
EXPD	D	0.04%	0.08%	0.04%
EXPE	B	0.01%	0.14%	0.01%
F	C	0.09%	0.54%	0.09%
FANG	D	0.09%	0.16%	0.09%
FAST	B	0.09%	0.07%	0.07%
FBIN	D	0.0%	0.03%	0.0%
FCX	D	0.02%	0.12%	0.02%
FDX	B	0.07%	0.37%	0.07%
FE	C	0.01%	0.09%	0.01%
FFIV	B	0.16%	0.04%	0.04%
FI	A	0.09%	0.36%	0.09%
FOXA	B	0.01%	0.15%	0.01%
FSLR	F	0.01%	0.03%	0.01%
FTNT	C	0.01%	0.07%	0.01%
FTV	C	0.01%	0.06%	0.01%
GD	F	0.18%	0.19%	0.18%
GDDY	A	0.25%	0.05%	0.05%
GE	D	0.31%	0.41%	0.31%
GEHC	F	0.02%	0.06%	0.02%
GEN	B	0.12%	0.04%	0.04%
GILD	C	0.24%	0.38%	0.24%
GIS	D	0.33%	0.13%	0.13%
GLW	B	0.02%	0.13%	0.02%
GM	B	0.19%	0.96%	0.19%
GOOGL	C	1.07%	3.66%	1.07%
GPC	D	0.05%	0.06%	0.05%
GRMN	B	0.05%	0.05%	0.05%
GWW	B	0.11%	0.09%	0.09%
H	B	0.0%	0.04%	0.0%
HAL	C	0.02%	0.1%	0.02%
HCA	F	0.04%	0.22%	0.04%
HD	A	0.15%	0.89%	0.15%
HES	B	0.01%	0.08%	0.01%
HIG	B	0.03%	0.18%	0.03%
HII	D	0.01%	0.03%	0.01%
HLT	A	0.01%	0.1%	0.01%
HOLX	D	0.01%	0.05%	0.01%
HON	B	0.26%	0.31%	0.26%
HPE	B	0.04%	0.21%	0.04%
HPQ	B	0.04%	0.18%	0.04%
HRL	D	0.09%	0.05%	0.05%
HSIC	B	0.01%	0.04%	0.01%
HST	C	0.01%	0.04%	0.01%
HSY	F	0.16%	0.06%	0.06%
HUBB	B	0.04%	0.03%	0.03%
HUM	C	0.15%	0.26%	0.15%
HWM	A	0.01%	0.05%	0.01%
IBM	C	0.46%	0.54%	0.46%
IFF	D	0.01%	0.07%	0.01%
ILMN	D	0.0%	0.03%	0.0%
INTC	D	0.1%	0.42%	0.1%
INTU	C	0.27%	0.19%	0.19%
IP	B	0.02%	0.14%	0.02%
IPG	D	0.02%	0.05%	0.02%
IQV	D	0.01%	0.07%	0.01%
IR	B	0.01%	0.06%	0.01%
IRM	D	0.01%	0.06%	0.01%
ISRG	A	0.25%	0.13%	0.13%
IT	C	0.03%	0.04%	0.03%
ITW	B	0.13%	0.14%	0.13%
J	F	0.01%	0.06%	0.01%
JBHT	C	0.03%	0.05%	0.03%
JBL	B	0.02%	0.11%	0.02%
JCI	C	0.03%	0.17%	0.03%
JNJ	D	1.1%	0.9%	0.9%
JNPR	F	0.12%	0.04%	0.04%
K	A	0.23%	0.08%	0.08%
KDP	D	0.14%	0.11%	0.11%
KEYS	A	0.17%	0.05%	0.05%
KHC	F	0.2%	0.22%	0.2%
KLAC	D	0.14%	0.1%	0.1%
KMB	D	0.11%	0.11%	0.11%
KMI	A	0.04%	0.28%	0.04%
KMX	B	0.02%	0.07%	0.02%
KNX	B	0.01%	0.05%	0.01%
KO	D	0.56%	0.43%	0.43%
KR	B	0.31%	0.36%	0.31%
LDOS	C	0.01%	0.06%	0.01%
LEN	D	0.09%	0.2%	0.09%
LH	C	0.02%	0.1%	0.02%
LHX	C	0.02%	0.15%	0.02%
LIN	D	0.06%	0.39%	0.06%
LKQ	D	0.01%	0.05%	0.01%
LLY	F	1.14%	0.22%	0.22%
LMT	D	0.42%	0.47%	0.42%
LNG	B	0.06%	0.25%	0.06%
LOW	D	0.07%	0.47%	0.07%
LPLA	A	0.05%	0.06%	0.05%
LRCX	F	0.18%	0.13%	0.13%
LULU	C	0.07%	0.05%	0.05%
LUV	C	0.0%	0.03%	0.0%
LVS	C	0.0%	0.06%	0.0%
LYB	F	0.03%	0.13%	0.03%
LYV	A	0.0%	0.05%	0.0%
MA	C	0.71%	0.45%	0.45%
MAR	B	0.01%	0.16%	0.01%
MAS	D	0.01%	0.04%	0.01%
MCD	D	0.42%	0.29%	0.29%
MCHP	D	0.06%	0.07%	0.06%
MCK	B	0.58%	0.63%	0.58%
MCO	B	0.13%	0.07%	0.07%
MDLZ	F	0.14%	0.22%	0.14%
MDT	D	0.06%	0.34%	0.06%
MELI	D	0.01%	0.09%	0.01%
META	D	2.11%	2.2%	2.11%
MGM	D	0.01%	0.07%	0.01%
MKC	D	0.01%	0.04%	0.01%
MKL	A	0.13%	0.1%	0.1%
MLM	B	0.01%	0.05%	0.01%
MMC	B	0.51%	0.17%	0.17%
MMM	D	0.14%	0.27%	0.14%
MNST	C	0.07%	0.05%	0.05%
MO	A	0.04%	0.34%	0.04%
MOH	F	0.06%	0.07%	0.06%
MOS	F	0.02%	0.09%	0.02%
MPC	D	0.17%	0.65%	0.17%
MRK	F	0.42%	0.39%	0.39%
MRNA	F	0.01%	0.02%	0.01%
MRO	B	0.02%	0.14%	0.02%
MRVL	B	0.01%	0.09%	0.01%
MSCI	C	0.0%	0.04%	0.0%
MSFT	F	2.3%	2.68%	2.3%
MSI	B	0.65%	0.08%	0.08%
MU	D	0.04%	0.17%	0.04%
NDAQ	A	0.01%	0.05%	0.01%
NEM	D	0.04%	0.13%	0.04%
NFLX	A	0.54%	0.35%	0.35%
NKE	D	0.17%	0.25%	0.17%
NOC	D	0.32%	0.21%	0.21%
NOW	A	0.01%	0.1%	0.01%
NRG	B	0.02%	0.07%	0.02%
NSC	B	0.03%	0.16%	0.03%
NTAP	C	0.04%	0.06%	0.04%
NUE	C	0.04%	0.21%	0.04%
NVDA	C	2.53%	0.97%	0.97%
NVR	D	0.06%	0.07%	0.06%
NWSA	B	0.01%	0.06%	0.01%
OC	A	0.03%	0.07%	0.03%
ODFL	B	0.08%	0.05%	0.05%
OKE	A	0.03%	0.18%	0.03%
OMC	C	0.04%	0.07%	0.04%
ON	D	0.01%	0.06%	0.01%
ORCL	B	0.25%	0.35%	0.25%
ORLY	B	0.24%	0.13%	0.13%
OTIS	C	0.01%	0.05%	0.01%
OVV	B	0.02%	0.09%	0.02%
OXY	D	0.03%	0.28%	0.03%
PANW	C	0.18%	0.07%	0.07%
PARA	C	0.01%	0.1%	0.01%
PAYX	C	0.1%	0.06%	0.06%
PCAR	B	0.11%	0.17%	0.11%
PEP	F	0.77%	0.41%	0.41%
PFE	D	0.18%	0.61%	0.18%
PG	A	0.95%	0.75%	0.75%
PGR	A	0.35%	0.3%	0.3%
PH	A	0.02%	0.14%	0.02%
PHM	D	0.06%	0.1%	0.06%
PINS	D	0.0%	0.02%	0.0%
PKG	A	0.04%	0.07%	0.04%
PM	B	0.07%	0.37%	0.07%
POOL	C	0.03%	0.03%	0.03%
PPG	F	0.01%	0.07%	0.01%
PPL	B	0.01%	0.1%	0.01%
PSA	D	0.09%	0.13%	0.09%
PSX	C	0.14%	0.46%	0.14%
PWR	A	0.01%	0.08%	0.01%
PYPL	B	0.04%	0.33%	0.04%
QCOM	F	0.32%	0.29%	0.29%
QRVO	F	0.0%	0.02%	0.0%
RCL	A	0.01%	0.11%	0.01%
REGN	F	0.31%	0.14%	0.14%
RMD	C	0.05%	0.04%	0.04%
ROK	B	0.06%	0.06%	0.06%
ROP	B	0.48%	0.07%	0.07%
ROST	C	0.02%	0.1%	0.02%
RPM	A	0.01%	0.04%	0.01%
RS	B	0.02%	0.08%	0.02%
RSG	A	0.46%	0.08%	0.08%
RTX	C	0.09%	0.65%	0.09%
SBAC	D	0.01%	0.04%	0.01%
SBUX	A	0.04%	0.21%	0.04%
SHW	A	0.14%	0.13%	0.13%
SJM	D	0.07%	0.06%	0.06%
SLB	C	0.03%	0.18%	0.03%
SNA	A	0.04%	0.06%	0.04%
SNOW	C	0.0%	0.03%	0.0%
SNPS	B	0.12%	0.06%	0.06%
SQ	B	0.02%	0.1%	0.02%
SSNC	B	0.01%	0.05%	0.01%
STE	F	0.01%	0.04%	0.01%
STLD	B	0.02%	0.13%	0.02%
STX	D	0.01%	0.04%	0.01%
STZ	D	0.01%	0.1%	0.01%
SW	A	0.03%	0.09%	0.03%
SWK	D	0.01%	0.07%	0.01%
SWKS	F	0.03%	0.05%	0.03%
SYK	C	0.03%	0.15%	0.03%
SYY	B	0.03%	0.18%	0.03%
T	A	0.39%	1.36%	0.39%
TAP	C	0.01%	0.09%	0.01%
TDG	D	0.01%	0.04%	0.01%
TDY	B	0.06%	0.05%	0.05%
TER	D	0.02%	0.02%	0.02%
TGT	F	0.15%	0.25%	0.15%
TJX	A	0.35%	0.28%	0.28%
TMO	F	0.06%	0.31%	0.06%
TMUS	B	0.76%	0.4%	0.4%
TRGP	B	0.04%	0.14%	0.04%
TROW	B	0.05%	0.08%	0.05%
TRV	B	0.3%	0.28%	0.28%
TSCO	D	0.06%	0.06%	0.06%
TSLA	B	0.16%	0.7%	0.16%
TSN	B	0.15%	0.18%	0.15%
TT	A	0.15%	0.12%	0.12%
TTWO	A	0.01%	0.04%	0.01%
TW	A	0.0%	0.03%	0.0%
TWLO	A	0.01%	0.07%	0.01%
TXN	C	0.48%	0.26%	0.26%
TXT	D	0.01%	0.07%	0.01%
UBER	D	0.01%	0.11%	0.01%
UHS	D	0.01%	0.07%	0.01%
ULTA	F	0.06%	0.05%	0.05%
UNH	C	1.35%	1.58%	1.35%
UNP	C	0.26%	0.25%	0.25%
UPS	C	0.07%	0.43%	0.07%
URI	B	0.02%	0.14%	0.02%
UTHR	C	0.15%	0.04%	0.04%
V	A	1.21%	0.74%	0.74%
VLO	C	0.08%	0.47%	0.08%
VMC	B	0.01%	0.06%	0.01%
VRSK	A	0.01%	0.08%	0.01%
VRSN	F	0.14%	0.03%	0.03%
VRTX	F	0.43%	0.11%	0.11%
VST	B	0.01%	0.18%	0.01%
VTRS	A	0.03%	0.15%	0.03%
VZ	C	0.58%	1.14%	0.58%
WAB	B	0.01%	0.07%	0.01%
WBA	F	0.04%	0.12%	0.04%
WBD	C	0.07%	0.28%	0.07%
WCN	A	0.27%	0.07%	0.07%
WDAY	B	0.04%	0.06%	0.04%
WDC	D	0.01%	0.04%	0.01%
WM	A	0.52%	0.16%	0.16%
WMT	A	0.76%	1.3%	0.76%
WRB	A	0.14%	0.08%	0.08%
WSM	B	0.03%	0.05%	0.03%
WSO	A	0.03%	0.03%	0.03%
WST	C	0.04%	0.02%	0.02%
WTW	B	0.07%	0.1%	0.07%
WY	D	0.02%	0.06%	0.02%
XEL	A	0.09%	0.18%	0.09%
XOM	B	0.47%	2.41%	0.47%
XRX	F	0.0%	0.02%	0.0%
XYL	D	0.01%	0.04%	0.01%
YUM	B	0.15%	0.03%	0.03%
ZBH	C	0.01%	0.07%	0.01%
ZM	B	0.01%	0.05%	0.01%
ZTS	D	0.15%	0.09%	0.09%

QWLD Overweight 208 Positions Relative to IUS

Symbol	Grade	Weight
GOOG	C	0.94%
NVS	D	0.79%
JPM	A	0.6%
SO	D	0.46%
BAC	A	0.39%
DUK	C	0.36%
WFC	A	0.28%
UL	D	0.27%
HSBH	B	0.25%
C	A	0.25%
BLK	C	0.25%
MFG	B	0.24%
WEC	A	0.2%
AJG	B	0.19%
WMB	A	0.19%
L	A	0.17%
CHKP	D	0.17%
GS	A	0.17%
CME	A	0.16%
TM	D	0.15%
INCY	C	0.15%
MUFG	B	0.14%
ERIE	D	0.12%
MS	A	0.12%
AFL	B	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
PNC	B	0.1%
COF	B	0.1%
CNI	D	0.1%
SMFG	B	0.1%
LYG	F	0.09%
TFC	A	0.09%
AEE	A	0.09%
USB	A	0.09%
AMP	A	0.09%
PTC	A	0.08%
ROL	B	0.08%
KVUE	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
JKHY	D	0.07%
HMC	F	0.07%
AIG	B	0.07%
AEP	D	0.07%
BMRN	D	0.07%
IDXX	F	0.07%
NEE	D	0.06%
TPL	A	0.06%
D	C	0.06%
LOGI	D	0.06%
DPZ	C	0.06%
VEEV	C	0.05%
MTB	A	0.05%
BTI	B	0.05%
VLTO	D	0.05%
PRU	A	0.05%
FICO	B	0.05%
MT	B	0.05%
MET	A	0.05%
BK	A	0.05%
ADI	D	0.04%
SPGI	C	0.04%
SRE	A	0.04%
MANH	D	0.04%
SYF	B	0.04%
CFG	B	0.04%
WAT	B	0.04%
MPWR	F	0.04%
SCHW	B	0.04%
DFS	B	0.04%
PLD	D	0.04%
EIX	B	0.03%
IEX	B	0.03%
GGG	B	0.03%
ETR	B	0.03%
FDS	B	0.03%
LNT	A	0.03%
ICE	C	0.03%
PNR	A	0.03%
SOLV	C	0.03%
HBAN	A	0.03%
PCG	A	0.03%
STT	A	0.03%
RF	A	0.03%
FITB	A	0.03%
ALLY	C	0.02%
TTC	D	0.02%
NXPI	D	0.02%
MKTX	D	0.02%
APO	B	0.02%
SEIC	B	0.02%
NMR	B	0.02%
NTRS	A	0.02%
SPG	B	0.02%
AER	B	0.02%
FIS	C	0.02%
RJF	A	0.02%
PFG	D	0.02%
DLR	B	0.02%
WELL	A	0.02%
PAYC	B	0.02%
VICI	C	0.02%
NDSN	B	0.02%
GPN	B	0.02%
AMT	D	0.02%
PEG	A	0.02%
O	D	0.02%
EPAM	C	0.02%
KKR	A	0.02%
GEV	B	0.02%
ALLE	D	0.02%
KEY	B	0.02%
CPT	B	0.01%
WTRG	B	0.01%
CTLT	B	0.01%
RPRX	D	0.01%
MBAVU	D	0.01%
GLPI	C	0.01%
TRU	D	0.01%
TRMB	B	0.01%
FOX	A	0.01%
SUI	D	0.01%
REG	B	0.01%
WPC	D	0.01%
INVH	D	0.01%
RVTY	F	0.01%
ESS	B	0.01%
CG	A	0.01%
COIN	C	0.01%
DOC	D	0.01%
CCEP	C	0.01%
BXP	D	0.01%
MAA	B	0.01%
ZBRA	B	0.01%
ARE	D	0.01%
AWK	D	0.01%
WFG	D	0.01%
SE	B	0.01%
VTR	C	0.01%
BSY	D	0.01%
NI	A	0.01%
KIM	A	0.01%
EQR	B	0.01%
EQH	B	0.01%
FNF	B	0.01%
AVB	B	0.01%
CRBG	B	0.01%
EVRG	A	0.01%
ATO	A	0.01%
EXR	D	0.01%
CCI	D	0.01%
ES	D	0.01%
SMCI	F	0.01%
CNH	C	0.01%
ENPH	F	0.01%
GLBE	B	0.0%
IOT	A	0.0%
NET	B	0.0%
RBLX	C	0.0%
DDOG	A	0.0%
DKNG	B	0.0%
TOST	B	0.0%
SNAP	C	0.0%
PSTG	D	0.0%
FUTU	D	0.0%
HEI	B	0.0%
DT	C	0.0%
DAY	B	0.0%
DOCU	A	0.0%
EXAS	D	0.0%
PODD	C	0.0%
GRAB	B	0.0%
TECH	D	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
OKTA	C	0.0%
CRWD	B	0.0%
MSTR	C	0.0%
TYL	B	0.0%
LII	A	0.0%
TTD	B	0.0%
ELS	C	0.0%
HOOD	B	0.0%
ENTG	D	0.0%
HEI	B	0.0%
RIVN	F	0.0%
Z	A	0.0%
WLK	D	0.0%
MTCH	D	0.0%
QGEN	D	0.0%
LW	C	0.0%
VRT	B	0.0%
BBWI	D	0.0%
AXON	A	0.0%
CRL	C	0.0%
BIO	D	0.0%
TFX	F	0.0%
UDR	B	0.0%
OTEX	D	0.0%
AMH	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%

QWLD Underweight 144 Positions Relative to IUS

Symbol	Grade	Weight
LUMN	C	-0.42%
UNFI	A	-0.12%
SNEX	B	-0.12%
PFGC	B	-0.12%
RGA	A	-0.11%
FLEX	A	-0.11%
SNX	C	-0.11%
X	C	-0.1%
USFD	A	-0.1%
ZIM	C	-0.09%
WKC	D	-0.09%
R	B	-0.08%
UAL	A	-0.08%
ARW	D	-0.08%
DXC	B	-0.08%
LAD	A	-0.08%
BERY	B	-0.07%
WHR	B	-0.07%
ORI	A	-0.07%
TOL	B	-0.07%
THC	D	-0.07%
TX	F	-0.07%
CAR	C	-0.07%
GPI	A	-0.06%
SATS	D	-0.06%
RNR	C	-0.06%
OMF	A	-0.06%
LBRDK	C	-0.06%
TPR	B	-0.06%
PBF	D	-0.06%
JLL	D	-0.06%
TMHC	B	-0.05%
AR	B	-0.05%
MHK	D	-0.05%
BJ	A	-0.05%
CZR	F	-0.05%
COHR	B	-0.05%
LEA	D	-0.05%
BFH	B	-0.05%
M	D	-0.05%
TDS	B	-0.05%
CASY	A	-0.05%
AN	C	-0.05%
ARMK	B	-0.05%
CPNG	D	-0.05%
VFC	C	-0.05%
BWA	D	-0.05%
CNX	A	-0.05%
NCLH	B	-0.05%
CLF	F	-0.05%
MUSA	A	-0.05%
AVT	C	-0.05%
WCC	B	-0.05%
TPG	A	-0.05%
KD	B	-0.04%
KSS	F	-0.04%
AMG	B	-0.04%
NWL	B	-0.04%
OLN	D	-0.04%
MAN	D	-0.04%
GPK	C	-0.04%
PVH	C	-0.04%
CIVI	D	-0.04%
INGR	B	-0.04%
GT	C	-0.04%
SCI	B	-0.04%
RRX	B	-0.04%
RH	B	-0.04%
AA	B	-0.04%
PENN	C	-0.04%
FAF	A	-0.04%
KBH	D	-0.04%
DOX	D	-0.04%
HTZ	C	-0.04%
THO	B	-0.04%
NXST	C	-0.04%
FLR	B	-0.04%
ABG	B	-0.04%
RL	B	-0.04%
CMC	B	-0.04%
UGI	A	-0.04%
BTU	B	-0.04%
BECN	B	-0.04%
MTN	C	-0.03%
DK	C	-0.03%
SIG	B	-0.03%
PII	D	-0.03%
MTD	D	-0.03%
SAIC	F	-0.03%
AAL	B	-0.03%
WSC	D	-0.03%
TNET	D	-0.03%
VVV	F	-0.03%
ARCH	B	-0.03%
MTH	D	-0.03%
HUN	F	-0.03%
HAS	D	-0.03%
OSK	B	-0.03%
GAP	C	-0.03%
NFG	A	-0.03%
HOG	D	-0.03%
HRB	D	-0.03%
DAR	C	-0.03%
PR	B	-0.03%
BCC	B	-0.03%
BC	C	-0.03%
RHI	B	-0.03%
NU	C	-0.03%
SKX	D	-0.03%
GXO	B	-0.03%
SM	B	-0.03%
RRC	B	-0.03%
MTDR	B	-0.03%
CACI	D	-0.03%
OGS	A	-0.03%
ALV	C	-0.03%
MUR	D	-0.03%
POST	C	-0.03%
UFPI	B	-0.03%
FTI	A	-0.03%
TGNA	B	-0.03%
ANDE	D	-0.03%
JAZZ	B	-0.03%
FYBR	D	-0.03%
JHG	A	-0.03%
DAN	D	-0.02%
ODP	F	-0.02%
AAP	C	-0.02%
CPRI	F	-0.02%
CNM	D	-0.02%
ELAN	D	-0.02%
NSIT	F	-0.02%
IAC	D	-0.02%
WU	D	-0.02%
ASO	F	-0.02%
CVI	F	-0.02%
AMR	C	-0.02%
SON	D	-0.02%
HP	B	-0.02%
PRGO	B	-0.02%
NOV	C	-0.02%
ADNT	F	-0.02%
AMKR	D	-0.02%
ATKR	C	-0.01%