QWLD vs. KOKU ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Xtrackers MSCI Kokusai Equity ETF (KOKU)

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

$123.97

Average Daily Volume

5,532

Number of Holdings ^*

612

* may have additional holdings in another (foreign) market

KOKU

Xtrackers MSCI Kokusai Equity ETF

KOKU Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Kokusai Index. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of issuers from developed markets (excluding Japan). The index is designed to track the performance of equity markets in developed markets (excluding Japan). It is non-diversified.

Grade (RS Rating)

Last Trade

$95.33

Average Daily Volume

1,507

Number of Holdings ^*

619

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	KOKU
30 Days	4.66%	4.42%
60 Days	2.00%	-1.79%
90 Days	3.43%	0.70%
12 Months	21.25%	19.30%

605 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in KOKU	Overlap
	A	B	0.07%	0.06%	0.06%
	AAPL	C	2.56%	5.18%	2.56%
	ABBV	B	0.16%	0.53%	0.16%
	ABBV	B	0.4%	0.14%	0.14%
	ABBV	B	0.4%	0.53%	0.4%
	ABBV	B	0.16%	0.14%	0.14%
	ABNB	F	0.01%	0.08%	0.01%
	ABT	A	0.09%	0.3%	0.09%
	ACGL	B	0.28%	0.06%	0.06%
	ACI	D	0.02%	0.01%	0.01%
	ACM	B	0.01%	0.02%	0.01%
	ACN	A	0.62%	0.33%	0.33%
	ADBE	B	0.46%	0.39%	0.39%
	ADI	C	0.04%	0.18%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.23%	0.17%	0.17%
	ADSK	B	0.08%	0.09%	0.08%
	AEE	A	0.08%	0.03%	0.03%
	AEP	A	0.07%	0.08%	0.07%
	AER	C	0.02%	0.03%	0.02%
	AES	D	0.01%	0.02%	0.01%
	AFG	A	0.02%	0.01%	0.01%
	AFL	B	0.12%	0.1%	0.1%
	AIG	D	0.07%	0.08%	0.07%
	AIZ	B	0.07%	0.02%	0.02%
	AJG	A	0.18%	0.1%	0.1%
	AKAM	D	0.13%	0.03%	0.03%
	ALB	F	0.01%	0.02%	0.01%
	ALGN	F	0.0%	0.03%	0.0%
	ALL	B	0.07%	0.08%	0.07%
	ALLE	B	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.33%	0.24%	0.24%
	AMCR	B	0.08%	0.02%	0.02%
	AMD	F	0.04%	0.36%	0.04%
	AME	D	0.01%	0.06%	0.01%
	AMGN	C	0.19%	0.28%	0.19%
	AMH	A	0.0%	0.02%	0.0%
	AMP	B	0.07%	0.07%	0.07%
	AMT	A	0.02%	0.16%	0.02%
	AMZN	D	0.31%	2.48%	0.31%
	ANET	D	0.17%	0.15%	0.15%
	ANSS	D	0.0%	0.04%	0.0%
	AON	A	0.15%	0.1%	0.1%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	B	0.02%	0.09%	0.02%
	APH	D	0.4%	0.12%	0.12%
	APO	D	0.01%	0.07%	0.01%
	APP	B	0.0%	0.02%	0.0%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.01%	0.03%	0.01%
	ARES	C	0.0%	0.04%	0.0%
	ATO	A	0.01%	0.03%	0.01%
	AVB	B	0.01%	0.05%	0.01%
	AVGO	D	0.11%	1.06%	0.11%
	AVTR	B	0.01%	0.02%	0.01%
	AVY	B	0.03%	0.03%	0.03%
	AWK	A	0.01%	0.04%	0.01%
	AXON	B	0.0%	0.04%	0.0%
	AXP	B	0.06%	0.23%	0.06%
	AZO	B	0.29%	0.09%	0.09%
	BA	F	0.02%	0.15%	0.02%
	BAC	D	0.33%	0.44%	0.33%
	BAH	B	0.15%	0.03%	0.03%
	BALL	A	0.01%	0.03%	0.01%
	BAX	A	0.02%	0.03%	0.02%
	BBWI	F	0.0%	0.01%	0.0%
	BBY	A	0.05%	0.03%	0.03%
	BCS	B	0.1%	0.07%	0.07%
	BDX	D	0.08%	0.11%	0.08%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	D	0.02%	0.05%	0.02%
	BIO	A	0.0%	0.01%	0.0%
	BK	B	0.04%	0.08%	0.04%
	BKNG	C	0.02%	0.2%	0.02%
	BKR	D	0.02%	0.05%	0.02%
	BLDR	C	0.04%	0.03%	0.03%
	BLK	B	0.21%	0.21%	0.21%
	BMRN	D	0.1%	0.02%	0.02%
	BMY	B	0.18%	0.16%	0.16%
	BR	C	0.04%	0.04%	0.04%
	BRK.A	B	0.71%	0.94%	0.71%
	BRO	A	0.13%	0.04%	0.04%
	BSX	A	0.02%	0.18%	0.02%
	BSY	D	0.01%	0.01%	0.01%
	BURL	B	0.01%	0.02%	0.01%
	BX	B	0.02%	0.15%	0.02%
	BXP	A	0.01%	0.02%	0.01%
	C	D	0.22%	0.18%	0.18%
	CAG	A	0.05%	0.02%	0.02%
	CAH	A	0.12%	0.04%	0.04%
	CARR	B	0.02%	0.09%	0.02%
	CAT	C	0.33%	0.27%	0.27%
	CB	A	0.38%	0.17%	0.17%
	CBOE	A	0.25%	0.03%	0.03%
	CBRE	B	0.02%	0.05%	0.02%
	CCEP	A	0.01%	0.02%	0.01%
	CCI	A	0.02%	0.07%	0.02%
	CCK	A	0.01%	0.02%	0.01%
	CCL	D	0.0%	0.03%	0.0%
	CDNS	D	0.12%	0.11%	0.11%
	CDW	D	0.09%	0.04%	0.04%
	CE	F	0.01%	0.02%	0.01%
	CEG	D	0.01%	0.09%	0.01%
	CF	B	0.12%	0.03%	0.03%
	CFG	B	0.03%	0.03%	0.03%
	CFLT	F	0.0%	0.01%	0.0%
	CG	D	0.01%	0.01%	0.01%
	CHD	A	0.18%	0.04%	0.04%
	CHK	F	0.02%	0.01%	0.01%
	CHKP	B	0.19%	0.03%	0.03%
	CHRD	F	0.01%	0.01%	0.01%
	CHRW	B	0.01%	0.02%	0.01%
	CHTR	C	0.05%	0.05%	0.05%
	CI	B	0.2%	0.15%	0.15%
	CINF	B	0.02%	0.03%	0.02%
	CL	A	0.22%	0.13%	0.13%
	CLF	F	0.01%	0.01%	0.01%
	CLX	A	0.01%	0.03%	0.01%
	CMCSA	C	0.15%	0.24%	0.15%
	CME	A	0.15%	0.12%	0.12%
	CMG	D	0.13%	0.12%	0.12%
	CMI	B	0.08%	0.06%	0.06%
	CMS	A	0.05%	0.03%	0.03%
	CNC	D	0.06%	0.07%	0.06%
	CNH	C	0.01%	0.01%	0.01%
	CNI	D	0.11%	0.1%	0.1%
	CNP	D	0.01%	0.03%	0.01%
	COF	C	0.08%	0.09%	0.08%
	COIN	F	0.0%	0.05%	0.0%
	COP	D	0.1%	0.21%	0.1%
	COST	B	0.74%	0.6%	0.6%
	CPAY	B	0.01%	0.03%	0.01%
	CPB	A	0.1%	0.01%	0.01%
	CPRT	D	0.07%	0.07%	0.07%
	CPT	B	0.01%	0.02%	0.01%
	CRBG	C	0.01%	0.01%	0.01%
	CRL	F	0.0%	0.02%	0.0%
	CRM	D	0.05%	0.38%	0.05%
	CRWD	F	0.0%	0.09%	0.0%
	CSCO	B	0.88%	0.31%	0.31%
	CSGP	C	0.0%	0.05%	0.0%
	CSL	C	0.03%	0.03%	0.03%
	CSX	D	0.11%	0.1%	0.1%
	CTAS	B	0.12%	0.11%	0.11%
	CTLT	A	0.01%	0.02%	0.01%
	CTRA	F	0.02%	0.03%	0.02%
	CTSH	B	0.2%	0.06%	0.06%
	CTVA	B	0.04%	0.06%	0.04%
	CVS	F	0.17%	0.11%	0.11%
	CVX	F	0.29%	0.4%	0.29%
	CZR	D	0.01%	0.01%	0.01%
	D	A	0.06%	0.07%	0.06%
	DAL	D	0.0%	0.01%	0.0%
	DASH	B	0.0%	0.06%	0.0%
	DAY	C	0.0%	0.01%	0.0%
	DD	C	0.02%	0.05%	0.02%
	DDOG	D	0.0%	0.05%	0.0%
	DE	B	0.06%	0.15%	0.06%
	DECK	C	0.04%	0.04%	0.04%
	DELL	F	0.01%	0.04%	0.01%
	DEO	C	0.13%	0.11%	0.11%
	DFS	C	0.03%	0.05%	0.03%
	DG	F	0.02%	0.03%	0.02%
	DGX	B	0.1%	0.02%	0.02%
	DHI	B	0.12%	0.08%	0.08%
	DHR	B	0.06%	0.29%	0.06%
	DINO	F	0.05%	0.01%	0.01%
	DIS	F	0.07%	0.25%	0.07%
	DKNG	D	0.0%	0.02%	0.0%
	DKS	C	0.03%	0.02%	0.02%
	DLR	D	0.02%	0.07%	0.02%
	DLTR	F	0.01%	0.03%	0.01%
	DOC	B	0.01%	0.02%	0.01%
	DOCU	A	0.0%	0.02%	0.0%
	DOV	C	0.04%	0.04%	0.04%
	DOW	D	0.04%	0.06%	0.04%
	DPZ	D	0.06%	0.02%	0.02%
	DRI	A	0.03%	0.03%	0.03%
	DT	A	0.0%	0.02%	0.0%
	DTE	B	0.02%	0.04%	0.02%
	DUK	A	0.35%	0.13%	0.13%
	DVA	B	0.01%	0.02%	0.01%
	DVN	F	0.03%	0.05%	0.03%
	DXCM	F	0.0%	0.04%	0.0%
	E	D	0.13%	0.06%	0.06%
	EA	C	0.18%	0.06%	0.06%
	EBAY	A	0.01%	0.05%	0.01%
	ECL	B	0.01%	0.1%	0.01%
	ED	A	0.36%	0.05%	0.05%
	EFX	B	0.01%	0.06%	0.01%
	EG	B	0.06%	0.02%	0.02%
	EIX	A	0.03%	0.05%	0.03%
	EL	F	0.01%	0.03%	0.01%
	ELS	A	0.0%	0.02%	0.0%
	ELV	B	0.28%	0.2%	0.2%
	EME	C	0.03%	0.03%	0.03%
	EMN	C	0.01%	0.02%	0.01%
	EMR	D	0.02%	0.09%	0.02%
	ENPH	D	0.03%	0.02%	0.02%
	ENTG	D	0.0%	0.03%	0.0%
	EOG	D	0.05%	0.11%	0.05%
	EPAM	C	0.02%	0.02%	0.02%
	EQH	C	0.01%	0.03%	0.01%
	EQIX	B	0.01%	0.12%	0.01%
	EQR	B	0.01%	0.04%	0.01%
	EQT	D	0.01%	0.03%	0.01%
	ERIE	A	0.14%	0.02%	0.02%
	ES	A	0.02%	0.04%	0.02%
	ESS	B	0.01%	0.03%	0.01%
	ETN	D	0.02%	0.18%	0.02%
	ETR	A	0.02%	0.04%	0.02%
	ETSY	F	0.0%	0.01%	0.0%
	EVRG	A	0.01%	0.02%	0.01%
	EW	F	0.07%	0.07%	0.07%
	EXAS	B	0.0%	0.02%	0.0%
	EXC	A	0.03%	0.06%	0.03%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	C	0.01%	0.03%	0.01%
	EXR	B	0.01%	0.06%	0.01%
	F	D	0.09%	0.07%	0.07%
	FANG	D	0.09%	0.05%	0.05%
	FAST	D	0.07%	0.06%	0.06%
	FCNCA	C	0.09%	0.03%	0.03%
	FCX	D	0.02%	0.1%	0.02%
	FDS	C	0.02%	0.02%	0.02%
	FDX	D	0.07%	0.11%	0.07%
	FE	A	0.01%	0.04%	0.01%
	FFIV	B	0.13%	0.02%	0.02%
	FICO	A	0.04%	0.07%	0.04%
	FIS	A	0.02%	0.08%	0.02%
	FITB	B	0.03%	0.04%	0.03%
	FNF	B	0.01%	0.02%	0.01%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	C	0.01%	0.03%	0.01%
	FTNT	B	0.01%	0.07%	0.01%
	FTV	D	0.01%	0.04%	0.01%
	FUTU	F	0.0%	0.01%	0.0%
	GD	B	0.18%	0.1%	0.1%
	GDDY	C	0.22%	0.03%	0.03%
	GE	C	0.3%	0.29%	0.29%
	GEHC	B	0.02%	0.05%	0.02%
	GEV	A	0.01%	0.08%	0.01%
	GGG	D	0.02%	0.02%	0.02%
	GILD	A	0.21%	0.15%	0.15%
	GIS	A	0.37%	0.06%	0.06%
	GLBE	D	0.0%	0.0%	0.0%
	GLPI	A	0.01%	0.02%	0.01%
	GLW	C	0.02%	0.05%	0.02%
	GM	B	0.16%	0.09%	0.09%
	GOOG	D	0.87%	1.28%	0.87%
	GOOGL	D	1.0%	1.46%	1.0%
	GPC	D	0.06%	0.03%	0.03%
	GPN	C	0.02%	0.04%	0.02%
	GRAB	D	0.0%	0.01%	0.0%
	GRMN	B	0.05%	0.04%	0.04%
	GS	C	0.14%	0.26%	0.14%
	GWW	C	0.09%	0.07%	0.07%
	H	C	0.0%	0.01%	0.0%
	HAL	F	0.02%	0.04%	0.02%
	HBAN	B	0.03%	0.03%	0.03%
	HCA	B	0.04%	0.12%	0.04%
	HD	B	0.13%	0.56%	0.13%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HEI	B	0.0%	0.02%	0.0%
	HES	F	0.01%	0.06%	0.01%
	HIG	B	0.03%	0.06%	0.03%
	HII	B	0.01%	0.01%	0.01%
	HLT	C	0.01%	0.09%	0.01%
	HOLX	A	0.01%	0.03%	0.01%
	HON	D	0.23%	0.21%	0.21%
	HOOD	D	0.0%	0.01%	0.0%
	HPE	D	0.03%	0.04%	0.03%
	HPQ	D	0.04%	0.05%	0.04%
	HRL	A	0.1%	0.02%	0.02%
	HSIC	C	0.01%	0.01%	0.01%
	HST	D	0.01%	0.02%	0.01%
	HSY	A	0.17%	0.04%	0.04%
	HUBB	C	0.03%	0.03%	0.03%
	HUM	D	0.19%	0.07%	0.07%
	HWM	B	0.01%	0.06%	0.01%
	IBM	A	0.44%	0.28%	0.28%
	ICE	A	0.03%	0.14%	0.03%
	IDXX	D	0.08%	0.06%	0.06%
	IEX	D	0.02%	0.03%	0.02%
	IFF	A	0.01%	0.04%	0.01%
	ILMN	B	0.0%	0.03%	0.0%
	INCY	C	0.13%	0.02%	0.02%
	INTC	F	0.08%	0.13%	0.08%
	INTU	D	0.23%	0.27%	0.23%
	INVH	B	0.01%	0.03%	0.01%
	IOT	A	0.0%	0.01%	0.0%
	IP	B	0.02%	0.03%	0.02%
	IPG	B	0.03%	0.02%	0.02%
	IQV	B	0.01%	0.07%	0.01%
	IR	D	0.01%	0.06%	0.01%
	IRM	B	0.01%	0.05%	0.01%
	ISRG	B	0.23%	0.27%	0.23%
	IT	B	0.03%	0.06%	0.03%
	ITW	C	0.12%	0.12%	0.12%
	J	C	0.01%	0.03%	0.01%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	F	0.01%	0.02%	0.01%
	JCI	C	0.02%	0.07%	0.02%
	JKHY	B	0.06%	0.02%	0.02%
	JNJ	B	1.16%	0.61%	0.61%
	JNPR	A	0.13%	0.02%	0.02%
	JPM	B	0.55%	0.98%	0.55%
	K	A	0.22%	0.03%	0.03%
	KDP	A	0.15%	0.06%	0.06%
	KEY	B	0.02%	0.03%	0.02%
	KEYS	C	0.17%	0.04%	0.04%
	KHC	A	0.22%	0.05%	0.05%
	KIM	A	0.01%	0.02%	0.01%
	KKR	B	0.02%	0.12%	0.02%
	KLAC	D	0.19%	0.17%	0.17%
	KMB	A	0.12%	0.07%	0.07%
	KMI	B	0.03%	0.07%	0.03%
	KMX	C	0.02%	0.02%	0.02%
	KNX	D	0.01%	0.01%	0.01%
	KO	B	0.65%	0.45%	0.45%
	KR	C	0.28%	0.06%	0.06%
	KVUE	A	0.07%	0.06%	0.06%
	L	B	0.16%	0.02%	0.02%
	LDOS	B	0.01%	0.03%	0.01%
	LEN	B	0.09%	0.07%	0.07%
	LHX	C	0.02%	0.07%	0.02%
	LII	C	0.0%	0.03%	0.0%
	LIN	B	0.06%	0.35%	0.06%
	LKQ	D	0.01%	0.01%	0.01%
	LLY	B	1.43%	1.17%	1.17%
	LMT	A	0.43%	0.19%	0.19%
	LNG	B	0.05%	0.07%	0.05%
	LNT	A	0.03%	0.02%	0.02%
	LOGI	D	0.07%	0.02%	0.02%
	LOW	B	0.07%	0.22%	0.07%
	LPLA	D	0.03%	0.03%	0.03%
	LRCX	F	0.21%	0.16%	0.16%
	LSCC	F	0.01%	0.01%	0.01%
	LULU	F	0.06%	0.05%	0.05%
	LUV	A	0.0%	0.01%	0.0%
	LVS	D	0.0%	0.02%	0.0%
	LW	D	0.0%	0.01%	0.0%
	LYB	D	0.03%	0.04%	0.03%
	LYG	C	0.09%	0.08%	0.08%
	LYV	D	0.0%	0.03%	0.0%
	MA	B	0.63%	0.62%	0.62%
	MAA	B	0.01%	0.03%	0.01%
	MANH	B	0.03%	0.02%	0.02%
	MAR	D	0.01%	0.09%	0.01%
	MAS	B	0.01%	0.03%	0.01%
	MCD	A	0.41%	0.32%	0.32%
	MCHP	D	0.07%	0.07%	0.07%
	MCK	D	0.52%	0.11%	0.11%
	MCO	B	0.13%	0.12%	0.12%
	MDLZ	A	0.16%	0.15%	0.15%
	MDT	A	0.06%	0.18%	0.06%
	MET	B	0.04%	0.07%	0.04%
	META	C	1.93%	1.74%	1.74%
	MGM	F	0.01%	0.02%	0.01%
	MKC	A	0.01%	0.03%	0.01%
	MKL	C	0.12%	0.03%	0.03%
	MKTX	A	0.01%	0.01%	0.01%
	MLM	D	0.01%	0.05%	0.01%
	MMC	A	0.51%	0.17%	0.17%
	MMM	B	0.14%	0.11%	0.11%
	MNST	D	0.06%	0.06%	0.06%
	MO	A	0.04%	0.15%	0.04%
	MOH	C	0.07%	0.03%	0.03%
	MOS	F	0.02%	0.01%	0.01%
	MPC	D	0.19%	0.1%	0.1%
	MPWR	C	0.07%	0.08%	0.07%
	MRK	D	0.51%	0.46%	0.46%
	MRNA	F	0.02%	0.04%	0.02%
	MRO	C	0.02%	0.03%	0.02%
	MRVL	D	0.01%	0.09%	0.01%
	MS	C	0.09%	0.2%	0.09%
	MSCI	B	0.0%	0.07%	0.0%
	MSFT	D	2.24%	4.48%	2.24%
	MSI	B	0.57%	0.11%	0.11%
	MTB	B	0.04%	0.04%	0.04%
	MTCH	B	0.0%	0.02%	0.0%
	MU	F	0.04%	0.17%	0.04%
	NBIX	D	0.11%	0.02%	0.02%
	NDAQ	A	0.01%	0.05%	0.01%
	NDSN	C	0.02%	0.02%	0.02%
	NEE	A	0.06%	0.25%	0.06%
	NEM	B	0.04%	0.09%	0.04%
	NET	F	0.0%	0.04%	0.0%
	NFLX	B	0.45%	0.46%	0.45%
	NI	A	0.01%	0.02%	0.01%
	NKE	C	0.18%	0.16%	0.16%
	NOC	B	0.33%	0.12%	0.12%
	NOW	B	0.01%	0.26%	0.01%
	NRG	C	0.01%	0.03%	0.01%
	NSC	B	0.03%	0.09%	0.03%
	NTAP	D	0.05%	0.04%	0.04%
	NTRS	B	0.01%	0.03%	0.01%
	NUE	F	0.04%	0.06%	0.04%
	NVDA	D	2.21%	4.51%	2.21%
	NVR	B	0.06%	0.05%	0.05%
	NVS	B	0.91%	0.36%	0.36%
	NWSA	C	0.01%	0.02%	0.01%
	NXPI	D	0.02%	0.1%	0.02%
	O	A	0.02%	0.08%	0.02%
	OC	D	0.03%	0.02%	0.02%
	ODFL	D	0.07%	0.06%	0.06%
	OKE	A	0.02%	0.09%	0.02%
	OKTA	F	0.0%	0.02%	0.0%
	OMC	B	0.04%	0.03%	0.03%
	ON	D	0.02%	0.05%	0.02%
	ORCL	A	0.19%	0.35%	0.19%
	ORLY	B	0.22%	0.11%	0.11%
	OTEX	C	0.01%	0.01%	0.01%
	OTIS	D	0.01%	0.06%	0.01%
	OVV	F	0.02%	0.02%	0.02%
	OXY	F	0.04%	0.06%	0.04%
	PANW	B	0.16%	0.18%	0.16%
	PARA	F	0.01%	0.01%	0.01%
	PATH	D	0.0%	0.01%	0.0%
	PAYC	D	0.01%	0.01%	0.01%
	PAYX	B	0.09%	0.06%	0.06%
	PCAR	D	0.09%	0.08%	0.08%
	PCG	A	0.03%	0.06%	0.03%
	PCTY	C	0.01%	0.01%	0.01%
	PEG	B	0.02%	0.06%	0.02%
	PEP	A	0.84%	0.37%	0.37%
	PFE	D	0.2%	0.25%	0.2%
	PFG	D	0.02%	0.03%	0.02%
	PG	A	0.93%	0.61%	0.61%
	PGR	A	0.33%	0.22%	0.22%
	PH	B	0.02%	0.12%	0.02%
	PHM	B	0.06%	0.04%	0.04%
	PINS	F	0.0%	0.03%	0.0%
	PKG	B	0.03%	0.03%	0.03%
	PLD	B	0.05%	0.18%	0.05%
	PLTR	B	0.0%	0.09%	0.0%
	PM	A	0.07%	0.29%	0.07%
	PNC	B	0.08%	0.11%	0.08%
	PNR	B	0.02%	0.02%	0.02%
	PODD	A	0.0%	0.02%	0.0%
	POOL	C	0.03%	0.02%	0.02%
	PPG	D	0.01%	0.04%	0.01%
	PPL	A	0.01%	0.04%	0.01%
	PRU	C	0.04%	0.07%	0.04%
	PSA	A	0.08%	0.08%	0.08%
	PSTG	F	0.0%	0.02%	0.0%
	PSX	D	0.14%	0.09%	0.09%
	PTC	D	0.07%	0.03%	0.03%
	PWR	C	0.01%	0.06%	0.01%
	PYPL	B	0.04%	0.11%	0.04%
	QCOM	F	0.34%	0.29%	0.29%
	QGEN	B	0.0%	0.02%	0.0%
	QRVO	D	0.01%	0.02%	0.01%
	RBLX	B	0.0%	0.03%	0.0%
	RCL	C	0.0%	0.06%	0.0%
	REG	A	0.01%	0.02%	0.01%
	REGN	B	0.48%	0.2%	0.2%
	RF	B	0.03%	0.04%	0.03%
	RGEN	C	0.0%	0.01%	0.0%
	RIVN	F	0.0%	0.01%	0.0%
	RJF	D	0.01%	0.03%	0.01%
	RMD	A	0.05%	0.05%	0.05%
	ROK	D	0.05%	0.05%	0.05%
	ROKU	C	0.0%	0.01%	0.0%
	ROL	B	0.08%	0.02%	0.02%
	ROP	C	0.48%	0.09%	0.09%
	ROST	B	0.02%	0.08%	0.02%
	RPM	A	0.0%	0.02%	0.0%
	RPRX	B	0.01%	0.02%	0.01%
	RS	D	0.01%	0.02%	0.01%
	RSG	B	0.45%	0.07%	0.07%
	RTX	B	0.09%	0.25%	0.09%
	SBAC	A	0.01%	0.04%	0.01%
	SBUX	B	0.04%	0.16%	0.04%
	SCHW	D	0.03%	0.15%	0.03%
	SE	B	0.01%	0.04%	0.01%
	SEIC	D	0.01%	0.01%	0.01%
	SHW	B	0.13%	0.13%	0.13%
	SJM	A	0.07%	0.02%	0.02%
	SLB	F	0.03%	0.1%	0.03%
	SMCI	F	0.03%	0.03%	0.03%
	SNA	D	0.03%	0.02%	0.02%
	SNAP	F	0.0%	0.01%	0.0%
	SNOW	F	0.0%	0.06%	0.0%
	SNPS	D	0.11%	0.12%	0.11%
	SO	A	0.45%	0.14%	0.14%
	SOLV	B	0.03%	0.01%	0.01%
	SPG	B	0.02%	0.09%	0.02%
	SPGI	A	0.04%	0.25%	0.04%
	SQ	D	0.01%	0.05%	0.01%
	SRE	B	0.03%	0.08%	0.03%
	SSNC	B	0.01%	0.03%	0.01%
	STE	A	0.01%	0.03%	0.01%
	STLA	F	0.1%	0.06%	0.06%
	STLD	D	0.02%	0.03%	0.02%
	STT	B	0.03%	0.04%	0.03%
	STX	D	0.01%	0.03%	0.01%
	STZ	B	0.01%	0.06%	0.01%
	SUI	A	0.01%	0.02%	0.01%
	SW	D	0.02%	0.03%	0.02%
	SWK	B	0.01%	0.03%	0.01%
	SWKS	D	0.03%	0.03%	0.03%
	SYF	C	0.03%	0.03%	0.03%
	SYK	A	0.03%	0.19%	0.03%
	SYY	A	0.03%	0.06%	0.03%
	T	A	0.33%	0.21%	0.21%
	TAP	C	0.01%	0.01%	0.01%
	TD	A	0.13%	0.16%	0.13%
	TDG	B	0.01%	0.11%	0.01%
	TDY	B	0.05%	0.03%	0.03%
	TECH	D	0.0%	0.02%	0.0%
	TEL	C	0.09%	0.07%	0.07%
	TER	D	0.03%	0.03%	0.03%
	TFC	B	0.08%	0.09%	0.08%
	TFX	A	0.01%	0.02%	0.01%
	TGT	B	0.15%	0.11%	0.11%
	TJX	B	0.34%	0.21%	0.21%
	TMO	A	0.07%	0.36%	0.07%
	TMUS	B	0.64%	0.17%	0.17%
	TOST	D	0.0%	0.01%	0.0%
	TPL	C	0.04%	0.03%	0.03%
	TRGP	A	0.03%	0.05%	0.03%
	TRMB	D	0.0%	0.02%	0.0%
	TROW	D	0.05%	0.04%	0.04%
	TRU	B	0.01%	0.03%	0.01%
	TRV	A	0.25%	0.08%	0.08%
	TSCO	B	0.05%	0.04%	0.04%
	TSLA	D	0.1%	0.9%	0.1%
	TSN	A	0.15%	0.03%	0.03%
	TT	B	0.13%	0.12%	0.12%
	TTC	D	0.02%	0.01%	0.01%
	TTD	B	0.0%	0.07%	0.0%
	TTWO	B	0.01%	0.04%	0.01%
	TW	B	0.0%	0.02%	0.0%
	TWLO	D	0.0%	0.02%	0.0%
	TXN	C	0.49%	0.29%	0.29%
	TXT	D	0.01%	0.03%	0.01%
	TYL	A	0.0%	0.04%	0.0%
	U	D	0.0%	0.01%	0.0%
	UBER	B	0.01%	0.21%	0.01%
	UDR	B	0.0%	0.02%	0.0%
	UHAL	B	0.01%	0.01%	0.01%
	UHS	B	0.01%	0.02%	0.01%
	UL	A	0.3%	0.25%	0.25%
	ULTA	D	0.06%	0.03%	0.03%
	UNH	A	1.32%	0.84%	0.84%
	UNP	B	0.28%	0.24%	0.24%
	UPS	F	0.06%	0.14%	0.06%
	URI	C	0.02%	0.08%	0.02%
	USB	B	0.08%	0.11%	0.08%
	UTHR	B	0.14%	0.02%	0.02%
	V	A	1.04%	0.67%	0.67%
	VEEV	A	0.04%	0.05%	0.04%
	VICI	A	0.02%	0.06%	0.02%
	VLO	D	0.07%	0.07%	0.07%
	VLTO	B	0.05%	0.04%	0.04%
	VMC	D	0.01%	0.05%	0.01%
	VRSK	C	0.01%	0.06%	0.01%
	VRSN	C	0.14%	0.03%	0.03%
	VRT	F	0.0%	0.04%	0.0%
	VRTX	D	0.44%	0.2%	0.2%
	VST	C	0.01%	0.05%	0.01%
	VTR	A	0.01%	0.04%	0.01%
	VTRS	C	0.03%	0.02%	0.02%
	VZ	B	0.57%	0.26%	0.26%
	WAB	B	0.01%	0.04%	0.01%
	WAT	B	0.03%	0.03%	0.03%
	WBA	F	0.04%	0.01%	0.01%
	WBD	D	0.06%	0.03%	0.03%
	WCN	B	0.27%	0.07%	0.07%
	WDAY	C	0.04%	0.08%	0.04%
	WDC	D	0.01%	0.03%	0.01%
	WEC	A	0.19%	0.04%	0.04%
	WELL	A	0.02%	0.1%	0.02%
	WFC	D	0.21%	0.31%	0.21%
	WFG	B	0.01%	0.01%	0.01%
	WLK	D	0.0%	0.01%	0.0%
	WM	D	0.5%	0.13%	0.13%
	WMB	B	0.15%	0.09%	0.09%
	WMT	A	0.68%	0.52%	0.52%
	WPC	A	0.01%	0.02%	0.01%
	WRB	B	0.14%	0.03%	0.03%
	WSM	D	0.04%	0.02%	0.02%
	WSO	D	0.03%	0.02%	0.02%
	WST	D	0.03%	0.03%	0.03%
	WTRG	D	0.01%	0.02%	0.01%
	WTW	A	0.07%	0.05%	0.05%
	WY	C	0.02%	0.03%	0.02%
	WYNN	D	0.0%	0.01%	0.0%
	XEL	A	0.07%	0.05%	0.05%
	XOM	C	0.45%	0.81%	0.45%
	XRX	D	0.0%	0.02%	0.0%
	XYL	D	0.01%	0.05%	0.01%
	YUM	B	0.15%	0.06%	0.06%
	Z	B	0.0%	0.01%	0.0%
	ZBH	D	0.01%	0.04%	0.01%
	ZBRA	C	0.01%	0.02%	0.01%
	ZM	B	0.01%	0.03%	0.01%
	ZTS	A	0.16%	0.13%	0.13%

QWLD Overweight 11 Positions Relative to KOKU

	Symbol	Grade	Weight
	MFG	D	0.2%
	TM	F	0.16%
	MUFG	D	0.13%
	SMFG	D	0.1%
	HMC	D	0.08%
	SONY	B	0.08%
	MT	D	0.05%
	BTI	A	0.05%
	NMR	D	0.02%
	MBAVU	B	0.01%
	AGCO	F	0.01%

QWLD Underweight 18 Positions Relative to KOKU

	Symbol	Grade	Weight
	MELI	B	-0.14%
	SHOP	C	-0.13%
	GOLD	C	-0.06%
	FLUT	A	-0.06%
	ALNY	C	-0.05%
	MTD	C	-0.05%
	HUBS	F	-0.04%
	TEAM	F	-0.04%
	MDB	C	-0.03%
	ZS	F	-0.03%
	TEVA	B	-0.03%
	MSTR	F	-0.03%
	MNDY	C	-0.02%
	CYBR	C	-0.02%
	RBA	B	-0.02%
	CELH	F	-0.01%
	WIX	C	-0.01%
	DOOO	D	-0.0%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Semiconductors Asset Management Business Services Capital Markets Diagnostics & Research Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology Drug Manufacturers - Major REIT - Residential Specialty Chemicals Insurance - Property & Casualty Packaged Foods Banks - Global

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Bank Telecommunications Chemical Aerospace Banking Real Estate Investment Trust Insurance Products Medicine Semiconductor Cloud Computing Mining Mobile Devices

KOKU: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Semiconductors Software - Infrastructure Asset Management Diagnostics & Research Oil & Gas E&P Capital Markets Specialty Retail Biotechnology Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Insurance - Property & Casualty Internet Content & Information Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Chemical Telecommunications Aerospace Bank Real Estate Investment Trust Medicine Banking Cloud Computing Insurance Products Mining Semiconductor Mobile Devices