QWLD vs. LCTU ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to BlackRock U.S. Carbon Transition Readiness ETF (LCTU)

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

$128.25

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the Russell 1000 ®Index by optimizing for LCETR scores criteria based on proprietary BFA research. It seeks to invest at least 80% of its net assets in equity securities of issuers listed in the United States of America. The index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.45

Average Daily Volume

55,055

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	LCTU
30 Days	1.92%	2.39%
60 Days	4.80%	4.44%
90 Days	6.62%	5.30%
12 Months	25.18%	29.86%

224 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in LCTU	Overlap
	A	C	0.07%	0.29%	0.07%
	AAPL	C	2.56%	7.1%	2.56%
	ABBV	C	0.41%	0.81%	0.41%
	ABBV	C	0.15%	0.81%	0.15%
	ABNB	D	0.01%	0.04%	0.01%
	ABT	C	0.09%	1.37%	0.09%
	ACGL	C	0.28%	0.4%	0.28%
	ACN	C	0.65%	1.15%	0.65%
	ADBE	F	0.49%	0.69%	0.49%
	ADI	C	0.04%	0.52%	0.04%
	ADP	B	0.24%	0.2%	0.2%
	ADSK	C	0.08%	0.57%	0.08%
	AFG	B	0.02%	0.04%	0.02%
	AFL	C	0.12%	0.16%	0.12%
	AJG	D	0.19%	0.02%	0.02%
	ALL	B	0.07%	0.24%	0.07%
	AMAT	D	0.32%	0.22%	0.22%
	AMD	D	0.04%	0.61%	0.04%
	AMGN	B	0.19%	0.55%	0.19%
	AMT	C	0.03%	0.43%	0.03%
	AMZN	C	0.34%	3.17%	0.34%
	AON	B	0.16%	0.31%	0.16%
	APD	B	0.02%	0.14%	0.02%
	ARE	C	0.01%	0.03%	0.01%
	AVGO	C	0.11%	1.26%	0.11%
	AVY	C	0.03%	0.05%	0.03%
	BBY	C	0.06%	0.42%	0.06%
	BG	D	0.03%	0.05%	0.03%
	BIIB	F	0.02%	0.26%	0.02%
	BKNG	C	0.02%	0.64%	0.02%
	BKR	C	0.02%	0.47%	0.02%
	BMY	C	0.18%	0.02%	0.02%
	BRK.A	C	0.71%	0.77%	0.71%
	BSX	B	0.02%	0.21%	0.02%
	BX	B	0.02%	0.0%	0.0%
	BXP	B	0.01%	0.13%	0.01%
	C	C	0.21%	0.31%	0.21%
	CAT	B	0.32%	0.5%	0.32%
	CCK	A	0.01%	0.08%	0.01%
	CDNS	D	0.12%	0.03%	0.03%
	CEG	C	0.01%	0.12%	0.01%
	CFG	C	0.03%	0.11%	0.03%
	CHD	D	0.18%	0.46%	0.18%
	CHRW	B	0.01%	0.16%	0.01%
	CI	C	0.2%	0.44%	0.2%
	CINF	B	0.02%	0.11%	0.02%
	CL	D	0.23%	0.4%	0.23%
	CMCSA	D	0.15%	0.06%	0.06%
	CME	C	0.16%	0.07%	0.07%
	CMG	C	0.13%	0.02%	0.02%
	CMI	C	0.08%	0.73%	0.08%
	CNC	D	0.06%	0.4%	0.06%
	COF	B	0.07%	0.78%	0.07%
	COP	D	0.09%	0.77%	0.09%
	COST	B	0.76%	1.43%	0.76%
	CRM	D	0.04%	0.57%	0.04%
	CRWD	D	0.0%	0.07%	0.0%
	CSCO	C	0.88%	0.73%	0.73%
	CTLT	B	0.01%	0.03%	0.01%
	CTSH	C	0.2%	0.1%	0.1%
	CVS	D	0.17%	0.24%	0.17%
	CVX	D	0.28%	0.22%	0.22%
	DECK	C	0.04%	0.16%	0.04%
	DELL	D	0.01%	0.01%	0.01%
	DIS	D	0.07%	0.22%	0.07%
	DOCU	C	0.0%	0.03%	0.0%
	DVA	B	0.01%	0.12%	0.01%
	DXCM	F	0.0%	0.02%	0.0%
	EBAY	B	0.01%	0.34%	0.01%
	ECL	B	0.01%	1.11%	0.01%
	ED	C	0.38%	0.12%	0.12%
	EL	F	0.01%	0.11%	0.01%
	ELV	C	0.28%	0.44%	0.28%
	ENPH	D	0.03%	0.02%	0.02%
	ES	C	0.02%	0.33%	0.02%
	ETN	C	0.02%	0.58%	0.02%
	EW	F	0.07%	0.06%	0.06%
	EXPD	C	0.04%	0.4%	0.04%
	EXPE	C	0.01%	0.07%	0.01%
	FANG	D	0.08%	0.07%	0.07%
	FCX	D	0.02%	0.05%	0.02%
	FITB	B	0.03%	0.3%	0.03%
	FSLR	C	0.01%	0.04%	0.01%
	FTNT	C	0.01%	0.24%	0.01%
	GE	B	0.29%	0.42%	0.29%
	GEV	B	0.02%	0.16%	0.02%
	GILD	B	0.22%	0.05%	0.05%
	GM	C	0.15%	0.04%	0.04%
	GOOG	D	0.83%	1.54%	0.83%
	GOOGL	D	0.95%	1.87%	0.95%
	GS	C	0.14%	0.98%	0.14%
	HD	B	0.14%	0.64%	0.14%
	HOLX	B	0.01%	0.4%	0.01%
	HPE	D	0.03%	0.06%	0.03%
	HPQ	D	0.04%	0.08%	0.04%
	HST	C	0.01%	0.01%	0.01%
	HUBB	B	0.03%	0.37%	0.03%
	HUM	F	0.18%	0.14%	0.14%
	HWM	B	0.01%	0.04%	0.01%
	IBM	B	0.48%	0.29%	0.29%
	IEX	D	0.02%	0.0%	0.0%
	ILMN	C	0.0%	0.29%	0.0%
	INTC	F	0.08%	0.2%	0.08%
	INTU	C	0.25%	0.56%	0.25%
	IPG	C	0.02%	0.22%	0.02%
	IR	C	0.01%	0.2%	0.01%
	ISRG	B	0.24%	0.16%	0.16%
	ITW	C	0.12%	0.16%	0.12%
	J	C	0.01%	0.61%	0.01%
	JBHT	D	0.03%	0.25%	0.03%
	JNJ	C	1.19%	1.51%	1.19%
	JPM	D	0.52%	1.31%	0.52%
	K	B	0.23%	0.03%	0.03%
	KDP	B	0.16%	0.2%	0.16%
	KEY	B	0.02%	0.53%	0.02%
	KIM	C	0.01%	0.02%	0.01%
	KKR	B	0.02%	0.93%	0.02%
	KMI	B	0.03%	0.08%	0.03%
	KO	C	0.65%	1.2%	0.65%
	LLY	C	1.42%	1.85%	1.42%
	LPLA	D	0.03%	0.16%	0.03%
	LRCX	F	0.2%	0.48%	0.2%
	LVS	D	0.0%	0.1%	0.0%
	MA	B	0.67%	1.79%	0.67%
	MCD	B	0.42%	0.27%	0.27%
	MDLZ	B	0.17%	0.47%	0.17%
	MDT	C	0.06%	0.27%	0.06%
	MET	B	0.04%	0.09%	0.04%
	META	B	1.96%	2.14%	1.96%
	MGM	F	0.01%	0.14%	0.01%
	MKC	C	0.01%	0.48%	0.01%
	MKTX	C	0.02%	0.0%	0.0%
	MMC	C	0.53%	0.47%	0.47%
	MMM	B	0.14%	0.03%	0.03%
	MOH	D	0.07%	0.03%	0.03%
	MPC	F	0.18%	0.37%	0.18%
	MRK	D	0.51%	0.61%	0.51%
	MRNA	F	0.02%	0.04%	0.02%
	MRVL	C	0.01%	0.03%	0.01%
	MS	D	0.09%	0.01%	0.01%
	MSCI	C	0.0%	0.1%	0.0%
	MSFT	C	2.36%	5.35%	2.36%
	MTB	B	0.04%	0.27%	0.04%
	MU	F	0.04%	0.05%	0.04%
	NDAQ	A	0.01%	0.39%	0.01%
	NEE	C	0.06%	0.16%	0.06%
	NFLX	B	0.45%	0.74%	0.45%
	NKE	D	0.17%	0.28%	0.17%
	NOW	B	0.01%	0.37%	0.01%
	NRG	C	0.01%	0.25%	0.01%
	NVDA	D	2.1%	5.39%	2.1%
	O	C	0.03%	0.27%	0.03%
	OKE	B	0.03%	0.13%	0.03%
	OKTA	F	0.0%	0.16%	0.0%
	OMC	B	0.04%	0.03%	0.03%
	ORCL	C	0.22%	0.29%	0.22%
	PANW	D	0.16%	0.39%	0.16%
	PARA	F	0.01%	0.0%	0.0%
	PCAR	D	0.09%	0.68%	0.09%
	PEG	B	0.02%	0.61%	0.02%
	PEP	C	0.86%	0.38%	0.38%
	PFE	C	0.21%	0.11%	0.11%
	PG	C	0.98%	0.52%	0.52%
	PGR	B	0.34%	0.14%	0.14%
	PLD	C	0.05%	0.57%	0.05%
	PLTR	B	0.0%	0.07%	0.0%
	PPG	D	0.01%	0.66%	0.01%
	PSX	F	0.13%	0.02%	0.02%
	PWR	B	0.01%	0.06%	0.01%
	PYPL	B	0.04%	0.1%	0.04%
	QCOM	D	0.34%	0.31%	0.31%
	REG	C	0.01%	0.13%	0.01%
	RIVN	F	0.0%	0.05%	0.0%
	RJF	C	0.01%	0.18%	0.01%
	RMD	C	0.06%	0.03%	0.03%
	RPM	B	0.01%	0.01%	0.01%
	RTX	C	0.09%	0.48%	0.09%
	SBUX	C	0.04%	0.27%	0.04%
	SCHW	D	0.03%	0.06%	0.03%
	SHW	B	0.14%	0.11%	0.11%
	SMCI	F	0.03%	0.03%	0.03%
	SNOW	F	0.0%	0.0%	0.0%
	SPG	B	0.02%	0.18%	0.02%
	SPGI	B	0.04%	1.33%	0.04%
	SQ	D	0.01%	0.23%	0.01%
	SRE	C	0.03%	0.98%	0.03%
	STLD	F	0.02%	0.03%	0.02%
	SYY	D	0.03%	0.15%	0.03%
	TDG	B	0.01%	0.01%	0.01%
	TFC	C	0.08%	0.0%	0.0%
	TGT	C	0.14%	0.32%	0.14%
	TJX	B	0.35%	0.25%	0.25%
	TMUS	C	0.64%	0.32%	0.32%
	TRGP	B	0.03%	0.05%	0.03%
	TSLA	C	0.11%	1.3%	0.11%
	TT	B	0.13%	0.75%	0.13%
	TTWO	C	0.01%	0.11%	0.01%
	TWLO	D	0.0%	0.0%	0.0%
	TXN	C	0.49%	0.42%	0.42%
	TXT	D	0.01%	0.03%	0.01%
	UBER	C	0.01%	0.45%	0.01%
	UNH	C	1.36%	0.14%	0.14%
	USB	B	0.08%	0.02%	0.02%
	VEEV	C	0.05%	0.38%	0.05%
	VLO	F	0.07%	0.07%	0.07%
	VLTO	C	0.05%	0.21%	0.05%
	VRSK	D	0.01%	0.08%	0.01%
	VRT	C	0.0%	0.02%	0.0%
	VRTX	D	0.44%	0.19%	0.19%
	VTR	C	0.01%	0.12%	0.01%
	VZ	B	0.61%	0.43%	0.43%
	WAT	C	0.04%	0.06%	0.04%
	WDAY	D	0.04%	0.17%	0.04%
	WDC	D	0.01%	0.05%	0.01%
	WELL	C	0.02%	0.03%	0.02%
	WFC	D	0.2%	0.02%	0.02%
	WMT	C	0.72%	0.26%	0.26%
	WSM	D	0.04%	0.26%	0.04%
	WST	D	0.03%	0.05%	0.03%
	WY	C	0.02%	0.36%	0.02%
	XOM	C	0.44%	0.71%	0.44%
	XYL	C	0.01%	0.47%	0.01%
	YUM	D	0.15%	0.66%	0.15%
	ZM	C	0.01%	0.17%	0.01%

QWLD Overweight 381 Positions Relative to LCTU

	Symbol	Grade	Weight
	V	C	1.12%
	NVS	C	0.89%
	MSI	B	0.58%
	WM	D	0.5%
	MCK	F	0.49%
	ROP	C	0.49%
	REGN	C	0.47%
	SO	B	0.47%
	RSG	D	0.46%
	LMT	C	0.45%
	CB	B	0.4%
	GIS	B	0.38%
	APH	D	0.38%
	T	C	0.37%
	DUK	C	0.37%
	BAC	D	0.33%
	NOC	B	0.33%
	UL	C	0.3%
	AZO	D	0.29%
	WCN	D	0.28%
	KR	C	0.28%
	UNP	C	0.28%
	TRV	C	0.27%
	CBOE	C	0.26%
	HON	D	0.24%
	ORLY	C	0.22%
	KHC	C	0.22%
	GDDY	C	0.21%
	BLK	B	0.21%
	MFG	D	0.2%
	WEC	C	0.2%
	GD	B	0.19%
	CHKP	B	0.19%
	EA	D	0.18%
	ANET	B	0.18%
	KLAC	D	0.18%
	HSY	C	0.18%
	KEYS	C	0.17%
	L	C	0.16%
	ZTS	C	0.16%
	ERIE	B	0.15%
	BAH	C	0.15%
	WMB	B	0.15%
	CTAS	B	0.14%
	TD	B	0.14%
	WRB	C	0.14%
	FFIV	B	0.14%
	TSN	C	0.14%
	VRSN	D	0.14%
	UTHR	C	0.14%
	TM	F	0.14%
	E	C	0.13%
	JNPR	B	0.13%
	BRO	C	0.13%
	MCO	B	0.13%
	MKL	C	0.12%
	CF	C	0.12%
	KMB	D	0.12%
	DHI	B	0.12%
	DEO	C	0.12%
	CAH	C	0.12%
	INCY	C	0.12%
	MUFG	D	0.12%
	AKAM	D	0.12%
	CNI	D	0.11%
	CSX	D	0.11%
	NBIX	F	0.11%
	SNPS	D	0.11%
	GWW	B	0.1%
	BCS	B	0.1%
	HRL	C	0.1%
	CPB	C	0.1%
	DGX	B	0.1%
	IDXX	C	0.09%
	CDW	D	0.09%
	F	F	0.09%
	SMFG	D	0.09%
	STLA	F	0.09%
	LYG	B	0.09%
	LEN	B	0.09%
	PAYX	C	0.09%
	PSA	B	0.09%
	BMRN	F	0.09%
	FCNCA	D	0.09%
	BDX	D	0.08%
	SJM	C	0.08%
	FAST	C	0.08%
	HMC	D	0.08%
	KVUE	C	0.08%
	XEL	B	0.08%
	ROL	C	0.08%
	PNC	B	0.08%
	SONY	C	0.08%
	AMCR	B	0.08%
	AEE	C	0.08%
	TEL	D	0.08%
	ULTA	D	0.07%
	UPS	D	0.07%
	AIG	D	0.07%
	NVR	B	0.07%
	WTW	C	0.07%
	PM	C	0.07%
	CPRT	D	0.07%
	ODFL	D	0.07%
	PTC	D	0.07%
	MCHP	F	0.07%
	LOW	B	0.07%
	FDX	C	0.07%
	AIZ	B	0.07%
	TMO	B	0.07%
	AMP	A	0.07%
	AEP	C	0.07%
	DPZ	F	0.06%
	AXP	B	0.06%
	GPC	D	0.06%
	LULU	D	0.06%
	D	C	0.06%
	DHR	B	0.06%
	EG	C	0.06%
	LIN	B	0.06%
	DE	B	0.06%
	MNST	D	0.06%
	PHM	B	0.06%
	MPWR	C	0.06%
	JKHY	B	0.06%
	LOGI	D	0.06%
	BK	B	0.05%
	CHTR	D	0.05%
	TROW	D	0.05%
	GRMN	D	0.05%
	LNG	C	0.05%
	CAG	C	0.05%
	WBD	D	0.05%
	BTI	C	0.05%
	DINO	F	0.05%
	CMS	C	0.05%
	EOG	D	0.05%
	ADM	D	0.05%
	TDY	B	0.05%
	TSCO	C	0.05%
	ROK	D	0.05%
	MANH	B	0.04%
	WBA	F	0.04%
	MO	C	0.04%
	FICO	B	0.04%
	BR	D	0.04%
	DOW	D	0.04%
	NUE	F	0.04%
	HCA	B	0.04%
	DOV	B	0.04%
	CTVA	B	0.04%
	PRU	C	0.04%
	MT	D	0.04%
	NTAP	D	0.04%
	BLDR	C	0.04%
	NEM	B	0.04%
	CBRE	A	0.03%
	EIX	C	0.03%
	HBAN	B	0.03%
	VTRS	D	0.03%
	OC	D	0.03%
	APA	F	0.03%
	SYF	C	0.03%
	DVN	F	0.03%
	POOL	C	0.03%
	NSC	C	0.03%
	LNT	B	0.03%
	HIG	B	0.03%
	SLB	F	0.03%
	CSL	B	0.03%
	RF	B	0.03%
	SNA	C	0.03%
	WSO	C	0.03%
	STT	A	0.03%
	ICE	C	0.03%
	LYB	D	0.03%
	SOLV	C	0.03%
	SYK	C	0.03%
	PKG	B	0.03%
	PCG	C	0.03%
	SWKS	D	0.03%
	DFS	B	0.03%
	TER	D	0.03%
	DRI	B	0.03%
	TPL	B	0.03%
	EXC	C	0.03%
	IT	B	0.03%
	EME	B	0.03%
	OXY	F	0.03%
	NMR	D	0.02%
	CHK	D	0.02%
	PAYC	D	0.02%
	ACI	F	0.02%
	BA	F	0.02%
	TTC	D	0.02%
	OVV	F	0.02%
	BAX	C	0.02%
	NXPI	F	0.02%
	CCI	C	0.02%
	PH	B	0.02%
	GEHC	C	0.02%
	AOS	D	0.02%
	MOS	F	0.02%
	AER	B	0.02%
	DLR	B	0.02%
	CTRA	D	0.02%
	FIS	B	0.02%
	PFG	B	0.02%
	DTE	C	0.02%
	IP	B	0.02%
	ROST	C	0.02%
	URI	B	0.02%
	EPAM	F	0.02%
	GLW	C	0.02%
	MRO	C	0.02%
	CARR	B	0.02%
	NDSN	C	0.02%
	GPN	D	0.02%
	VICI	C	0.02%
	ETR	B	0.02%
	DD	B	0.02%
	ALLE	B	0.02%
	EMR	D	0.02%
	LHX	C	0.02%
	SW	B	0.02%
	PNR	B	0.02%
	GGG	C	0.02%
	JCI	B	0.02%
	FDS	C	0.02%
	DKS	D	0.02%
	AMH	C	0.01%
	OTEX	D	0.01%
	CPT	B	0.01%
	WTRG	D	0.01%
	UHAL	A	0.01%
	FOX	B	0.01%
	DAL	C	0.01%
	TFX	C	0.01%
	CG	D	0.01%
	NWSA	D	0.01%
	RPRX	C	0.01%
	SBAC	C	0.01%
	GLPI	C	0.01%
	HLT	B	0.01%
	TRU	B	0.01%
	CLX	C	0.01%
	BURL	B	0.01%
	MBAVU	C	0.01%
	BEN	F	0.01%
	IRM	C	0.01%
	MAS	B	0.01%
	ACM	B	0.01%
	VST	C	0.01%
	STE	C	0.01%
	HSIC	C	0.01%
	SUI	B	0.01%
	QRVO	F	0.01%
	SE	B	0.01%
	ZBRA	B	0.01%
	ESS	B	0.01%
	STX	C	0.01%
	INVH	C	0.01%
	WPC	C	0.01%
	CPAY	B	0.01%
	HII	D	0.01%
	DOC	C	0.01%
	CCEP	B	0.01%
	AVTR	B	0.01%
	MAA	B	0.01%
	EFX	B	0.01%
	AGCO	D	0.01%
	CHRD	F	0.01%
	VMC	D	0.01%
	KNX	C	0.01%
	WFG	B	0.01%
	SSNC	B	0.01%
	STZ	D	0.01%
	FTV	C	0.01%
	MLM	D	0.01%
	EQH	C	0.01%
	LDOS	B	0.01%
	ALB	D	0.01%
	DLTR	F	0.01%
	EMN	B	0.01%
	LKQ	F	0.01%
	NI	B	0.01%
	AES	C	0.01%
	OTIS	C	0.01%
	BALL	C	0.01%
	MAR	C	0.01%
	AWK	B	0.01%
	APO	C	0.01%
	CRBG	D	0.01%
	WAB	B	0.01%
	AME	C	0.01%
	HES	F	0.01%
	FOXA	B	0.01%
	CNP	C	0.01%
	BSY	D	0.01%
	FNF	B	0.01%
	ZBH	F	0.01%
	EQT	D	0.01%
	TAP	D	0.01%
	EQR	B	0.01%
	CE	F	0.01%
	ATO	B	0.01%
	EVRG	B	0.01%
	AVB	B	0.01%
	IFF	B	0.01%
	UHS	B	0.01%
	JBL	D	0.01%
	DG	F	0.01%
	ALLY	F	0.01%
	SEIC	C	0.01%
	PPL	C	0.01%
	CNH	D	0.01%
	NTRS	A	0.01%
	IQV	C	0.01%
	APTV	D	0.01%
	RS	D	0.01%
	EQIX	C	0.01%
	FE	C	0.01%
	SWK	B	0.01%
	EXR	B	0.01%
	HAL	F	0.01%
	ON	D	0.01%
	KMX	D	0.01%
	MELI	B	0.01%
	GLBE	C	0.0%
	IOT	B	0.0%
	TOST	C	0.0%
	NET	D	0.0%
	RBLX	B	0.0%
	XRX	D	0.0%
	DDOG	D	0.0%
	SNAP	F	0.0%
	FUTU	D	0.0%
	DKNG	C	0.0%
	MSTR	D	0.0%
	H	C	0.0%
	PSTG	F	0.0%
	HEI	B	0.0%
	DAY	D	0.0%
	GRAB	C	0.0%
	APP	C	0.0%
	DT	C	0.0%
	PINS	F	0.0%
	PODD	B	0.0%
	WYNN	D	0.0%
	HOOD	C	0.0%
	ROKU	C	0.0%
	TECH	C	0.0%
	TTD	B	0.0%
	EXAS	C	0.0%
	LII	B	0.0%
	Z	B	0.0%
	TYL	C	0.0%
	TW	B	0.0%
	AXON	B	0.0%
	HEI	B	0.0%
	LYV	B	0.0%
	ELS	C	0.0%
	LUV	C	0.0%
	LW	D	0.0%
	ENTG	F	0.0%
	BBWI	F	0.0%
	DASH	C	0.0%
	COIN	F	0.0%
	RCL	B	0.0%
	WLK	D	0.0%
	ARES	B	0.0%
	CRL	F	0.0%
	MTCH	C	0.0%
	QGEN	C	0.0%
	BIO	C	0.0%
	ANSS	D	0.0%
	UDR	C	0.0%
	CCL	C	0.0%
	CSGP	D	0.0%
	ALGN	D	0.0%
	TRMB	C	0.0%

QWLD Underweight 61 Positions Relative to LCTU

	Symbol	Grade	Weight
	RGA	C	-0.23%
	OLED	C	-0.23%
	ETSY	F	-0.21%
	WHR	D	-0.2%
	FMC	C	-0.16%
	FNB	C	-0.15%
	MAN	C	-0.14%
	ESI	D	-0.14%
	FRT	C	-0.14%
	NU	B	-0.14%
	SPOT	B	-0.12%
	GLOB	D	-0.12%
	XRAY	D	-0.12%
	HXL	F	-0.11%
	KRC	B	-0.11%
	MTD	D	-0.1%
	AR	F	-0.09%
	RGLD	C	-0.08%
	RL	C	-0.08%
	REXR	C	-0.08%
	HUBS	D	-0.08%
	VOYA	B	-0.07%
	TEAM	D	-0.06%
	ALNY	C	-0.06%
	KEX	C	-0.06%
	MTZ	B	-0.05%
	HAS	B	-0.05%
	FTI	D	-0.05%
	PSN	B	-0.05%
	GWRE	A	-0.04%
	ZS	F	-0.04%
	CZR	C	-0.04%
	AAL	D	-0.03%
	AXS	B	-0.03%
	CPNG	B	-0.03%
	S	C	-0.03%
	LCID	C	-0.02%
	LOPE	D	-0.02%
	CIVI	F	-0.02%
	SAIC	C	-0.02%
	PVH	F	-0.02%
	GAP	F	-0.02%
	VNO	B	-0.02%
	DOX	C	-0.01%
	AGO	C	-0.01%
	ITT	B	-0.01%
	BWA	D	-0.01%
	DJT	F	-0.01%
	NOV	F	-0.01%
	GXO	D	-0.01%
	GFS	F	-0.01%
	AGNC	B	-0.0%
	INGR	B	-0.0%
	AM	C	-0.0%
	PNFP	B	-0.0%
	DXC	C	-0.0%
	FYBR	C	-0.0%
	YETI	D	-0.0%
	TTEK	C	-0.0%
	PII	D	-0.0%
	G	C	-0.0%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Capital Markets Diagnostics & Research 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 Electronics Dow Jones Component Bank Telecommunications Chemical Aerospace Banking Real Estate Investment Trust Insurance Products Medicine Semiconductor Cloud Computing Mining Mobile Devices

LCTU: Top Represented Industries & Keywords

Industries: Software - Application Drug Manufacturers - Major Semiconductors Banks - Regional - US Capital Markets Diversified Industrials Software - Infrastructure Health Care Plans Information Technology Services Telecom Services Diagnostics & Research Insurance - Property & Casualty Medical Instruments & Supplies REIT - Retail Specialty Chemicals Specialty Retail Aerospace & Defense Auto Manufacturers Engineering & Construction Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Natural Gas Work From Home Bank Telecommunications Electronics Real Estate Investment Trust Medicine Mobile Devices Banking Chemical Cloud Computing Disability Insurance Products Mining Cash Management