QWLD vs. LRGF ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares FactorSelect MSCI USA ETF (LRGF)

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

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). 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 is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	LRGF
30 Days	0.82%	4.57%
60 Days	0.23%	6.07%
90 Days	0.87%	7.74%
12 Months	22.65%	37.24%

208 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in LRGF	Overlap
	AAPL	C	2.57%	6.35%	2.57%
	ABBV	D	0.16%	0.9%	0.16%
	ABBV	D	0.34%	0.9%	0.34%
	ABNB	C	0.01%	0.3%	0.01%
	ABT	B	0.09%	0.53%	0.09%
	ACGL	D	0.26%	0.07%	0.07%
	ACI	C	0.02%	0.06%	0.02%
	ACN	C	0.65%	0.14%	0.14%
	ADBE	C	0.42%	0.28%	0.28%
	ADM	D	0.05%	0.07%	0.05%
	ADP	B	0.26%	0.16%	0.16%
	AFL	B	0.12%	0.38%	0.12%
	AGCO	D	0.01%	0.03%	0.01%
	AIG	B	0.07%	0.3%	0.07%
	ALLY	C	0.02%	0.25%	0.02%
	AMAT	F	0.29%	0.46%	0.29%
	AMD	F	0.03%	0.13%	0.03%
	AMGN	D	0.16%	0.42%	0.16%
	AMP	A	0.09%	0.41%	0.09%
	AMT	D	0.02%	0.09%	0.02%
	AMZN	C	0.37%	3.01%	0.37%
	ANET	C	0.19%	0.3%	0.19%
	APA	D	0.02%	0.09%	0.02%
	APP	B	0.0%	0.94%	0.0%
	AVB	B	0.01%	0.22%	0.01%
	AVGO	D	0.11%	1.82%	0.11%
	AWK	D	0.01%	0.52%	0.01%
	AXP	A	0.06%	0.24%	0.06%
	AZO	C	0.28%	0.14%	0.14%
	BAC	A	0.39%	0.37%	0.37%
	BBWI	D	0.0%	0.14%	0.0%
	BBY	D	0.06%	0.24%	0.06%
	BDX	F	0.07%	0.02%	0.02%
	BK	A	0.05%	0.61%	0.05%
	BKNG	A	0.03%	1.17%	0.03%
	BLDR	D	0.05%	0.53%	0.05%
	BLK	C	0.25%	0.24%	0.24%
	BMY	B	0.21%	0.72%	0.21%
	BRK.A	B	0.73%	0.5%	0.5%
	BSX	B	0.02%	0.02%	0.02%
	BXP	D	0.01%	0.04%	0.01%
	C	A	0.25%	0.15%	0.15%
	CARR	D	0.02%	0.07%	0.02%
	CAT	B	0.36%	0.26%	0.26%
	CDNS	B	0.13%	0.19%	0.13%
	CEG	D	0.02%	0.05%	0.02%
	CHTR	C	0.05%	0.07%	0.05%
	CI	F	0.18%	0.21%	0.18%
	CMCSA	B	0.17%	0.41%	0.17%
	COF	B	0.1%	0.22%	0.1%
	COP	C	0.1%	0.05%	0.05%
	COST	B	0.76%	0.54%	0.54%
	CRM	B	0.06%	0.12%	0.06%
	CRWD	B	0.0%	0.22%	0.0%
	CSCO	B	1.03%	0.4%	0.4%
	CTAS	B	0.14%	0.38%	0.14%
	CVS	D	0.16%	0.17%	0.16%
	CVX	A	0.33%	0.54%	0.33%
	DE	A	0.06%	0.03%	0.03%
	DECK	A	0.05%	0.32%	0.05%
	DELL	C	0.01%	0.35%	0.01%
	DKS	C	0.02%	0.17%	0.02%
	DOCU	A	0.0%	0.33%	0.0%
	DOW	F	0.03%	0.04%	0.03%
	DTE	C	0.02%	0.13%	0.02%
	DUK	C	0.36%	0.21%	0.21%
	DVA	B	0.01%	0.23%	0.01%
	EBAY	D	0.01%	0.31%	0.01%
	ED	D	0.35%	0.51%	0.35%
	EG	C	0.06%	0.05%	0.05%
	ELV	F	0.21%	0.29%	0.21%
	EME	C	0.04%	0.27%	0.04%
	EMR	A	0.03%	0.31%	0.03%
	EOG	A	0.06%	0.01%	0.01%
	EQR	B	0.01%	0.29%	0.01%
	ETN	A	0.03%	0.38%	0.03%
	EXC	C	0.03%	0.16%	0.03%
	EXPD	D	0.04%	0.01%	0.01%
	F	C	0.09%	0.18%	0.09%
	FDX	B	0.07%	0.01%	0.01%
	FE	C	0.01%	0.05%	0.01%
	FI	A	0.09%	0.11%	0.09%
	FICO	B	0.05%	0.61%	0.05%
	FNF	B	0.01%	0.13%	0.01%
	FOXA	B	0.01%	0.25%	0.01%
	FTNT	C	0.01%	0.49%	0.01%
	GE	D	0.31%	0.14%	0.14%
	GEHC	F	0.02%	0.41%	0.02%
	GILD	C	0.24%	0.49%	0.24%
	GIS	D	0.33%	0.23%	0.23%
	GM	B	0.19%	0.52%	0.19%
	GOOG	C	0.94%	1.8%	0.94%
	GS	A	0.17%	0.59%	0.17%
	GWW	B	0.11%	0.11%	0.11%
	HD	A	0.15%	0.58%	0.15%
	HIG	B	0.03%	0.03%	0.03%
	HOLX	D	0.01%	0.36%	0.01%
	HPE	B	0.04%	0.48%	0.04%
	HPQ	B	0.04%	0.19%	0.04%
	HSY	F	0.16%	0.04%	0.04%
	HUM	C	0.15%	0.14%	0.14%
	IBM	C	0.46%	0.16%	0.16%
	INTU	C	0.27%	0.31%	0.27%
	IOT	A	0.0%	0.17%	0.0%
	IT	C	0.03%	0.36%	0.03%
	ITW	B	0.13%	0.21%	0.13%
	JBL	B	0.02%	0.31%	0.02%
	JNJ	D	1.1%	0.87%	0.87%
	JPM	A	0.6%	1.64%	0.6%
	KHC	F	0.2%	0.02%	0.02%
	KLAC	D	0.14%	0.31%	0.14%
	KMI	A	0.04%	0.14%	0.04%
	KO	D	0.56%	0.61%	0.56%
	KR	B	0.31%	0.35%	0.31%
	LII	A	0.0%	0.03%	0.0%
	LIN	D	0.06%	0.91%	0.06%
	LLY	F	1.14%	1.09%	1.09%
	LMT	D	0.42%	0.19%	0.19%
	LOW	D	0.07%	0.58%	0.07%
	LRCX	F	0.18%	0.2%	0.18%
	LYV	A	0.0%	0.02%	0.0%
	MA	C	0.71%	0.75%	0.71%
	MANH	D	0.04%	0.34%	0.04%
	MCD	D	0.42%	0.63%	0.42%
	MCHP	D	0.06%	0.08%	0.06%
	MCK	B	0.58%	0.5%	0.5%
	MDLZ	F	0.14%	0.1%	0.1%
	MDT	D	0.06%	0.1%	0.06%
	MELI	D	0.01%	0.39%	0.01%
	MET	A	0.05%	0.03%	0.03%
	META	D	2.11%	2.16%	2.11%
	MGM	D	0.01%	0.03%	0.01%
	MMM	D	0.14%	0.13%	0.13%
	MO	A	0.04%	0.1%	0.04%
	MOH	F	0.06%	0.16%	0.06%
	MPC	D	0.17%	0.57%	0.17%
	MRK	F	0.42%	0.57%	0.42%
	MRNA	F	0.01%	0.04%	0.01%
	MRO	B	0.02%	0.09%	0.02%
	MS	A	0.12%	0.11%	0.11%
	MSCI	C	0.0%	0.37%	0.0%
	MSFT	F	2.3%	5.67%	2.3%
	MSI	B	0.65%	0.22%	0.22%
	NDAQ	A	0.01%	0.22%	0.01%
	NEE	D	0.06%	0.17%	0.06%
	NFLX	A	0.54%	0.19%	0.19%
	NOW	A	0.01%	0.04%	0.01%
	NTAP	C	0.04%	0.02%	0.02%
	NUE	C	0.04%	0.21%	0.04%
	NVDA	C	2.53%	6.55%	2.53%
	NWSA	B	0.01%	0.02%	0.01%
	OKTA	C	0.0%	0.11%	0.0%
	OMC	C	0.04%	0.15%	0.04%
	ORCL	B	0.25%	0.16%	0.16%
	OTIS	C	0.01%	0.27%	0.01%
	PANW	C	0.18%	0.18%	0.18%
	PAYX	C	0.1%	0.4%	0.1%
	PCAR	B	0.11%	0.23%	0.11%
	PEP	F	0.77%	0.87%	0.77%
	PFE	D	0.18%	0.31%	0.18%
	PFG	D	0.02%	0.05%	0.02%
	PG	A	0.95%	1.26%	0.95%
	PH	A	0.02%	0.1%	0.02%
	PLD	D	0.04%	0.07%	0.04%
	PM	B	0.07%	0.4%	0.07%
	PRU	A	0.05%	0.19%	0.05%
	PSA	D	0.09%	0.23%	0.09%
	PSX	C	0.14%	0.01%	0.01%
	QCOM	F	0.32%	0.45%	0.32%
	RPRX	D	0.01%	0.01%	0.01%
	RS	B	0.02%	0.27%	0.02%
	SBUX	A	0.04%	0.19%	0.04%
	SHW	A	0.14%	0.07%	0.07%
	SNPS	B	0.12%	0.18%	0.12%
	SO	D	0.46%	0.12%	0.12%
	SOLV	C	0.03%	0.2%	0.03%
	SPG	B	0.02%	0.38%	0.02%
	SPGI	C	0.04%	0.43%	0.04%
	SRE	A	0.04%	0.07%	0.04%
	STLD	B	0.02%	0.26%	0.02%
	STT	A	0.03%	0.22%	0.03%
	SYF	B	0.04%	0.26%	0.04%
	SYK	C	0.03%	0.17%	0.03%
	T	A	0.39%	0.59%	0.39%
	TAP	C	0.01%	0.07%	0.01%
	TGT	F	0.15%	0.3%	0.15%
	TMO	F	0.06%	0.27%	0.06%
	TRV	B	0.3%	0.2%	0.2%
	TSLA	B	0.16%	0.76%	0.16%
	TT	A	0.15%	0.21%	0.15%
	TXN	C	0.48%	0.04%	0.04%
	UBER	D	0.01%	0.28%	0.01%
	ULTA	F	0.06%	0.01%	0.01%
	UNH	C	1.35%	0.89%	0.89%
	V	A	1.21%	1.28%	1.21%
	VLO	C	0.08%	0.33%	0.08%
	VLTO	D	0.05%	0.08%	0.05%
	VRTX	F	0.43%	0.19%	0.19%
	VST	B	0.01%	0.45%	0.01%
	VZ	C	0.58%	0.34%	0.34%
	WEC	A	0.2%	0.2%	0.2%
	WFC	A	0.28%	0.5%	0.28%
	WMT	A	0.76%	1.03%	0.76%
	WSM	B	0.03%	0.36%	0.03%
	WY	D	0.02%	0.33%	0.02%
	XOM	B	0.47%	0.94%	0.47%
	YUM	B	0.15%	0.3%	0.15%
	ZBH	C	0.01%	0.03%	0.01%

QWLD Overweight 402 Positions Relative to LRGF

	Symbol	Grade	Weight
	GOOGL	C	1.07%
	NVS	D	0.79%
	TMUS	B	0.76%
	WM	A	0.52%
	MMC	B	0.51%
	ROP	B	0.48%
	RSG	A	0.46%
	APH	A	0.43%
	COR	B	0.41%
	CB	C	0.4%
	PGR	A	0.35%
	TJX	A	0.35%
	NOC	D	0.32%
	REGN	F	0.31%
	UL	D	0.27%
	WCN	A	0.27%
	UNP	C	0.26%
	HON	B	0.26%
	HSBH	B	0.25%
	GDDY	A	0.25%
	ISRG	A	0.25%
	ORLY	B	0.24%
	CBOE	B	0.24%
	MFG	B	0.24%
	K	A	0.23%
	EA	A	0.2%
	CL	D	0.2%
	CTSH	B	0.2%
	AJG	B	0.19%
	WMB	A	0.19%
	CHD	B	0.19%
	GD	F	0.18%
	KEYS	A	0.17%
	NKE	D	0.17%
	AON	A	0.17%
	L	A	0.17%
	CHKP	D	0.17%
	CME	A	0.16%
	FFIV	B	0.16%
	TM	D	0.15%
	TSN	B	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	INCY	C	0.15%
	ZTS	D	0.15%
	CMG	B	0.14%
	KDP	D	0.14%
	VRSN	F	0.14%
	BRO	B	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	CAH	B	0.13%
	MKL	A	0.13%
	MCO	B	0.13%
	CF	B	0.13%
	ERIE	D	0.12%
	GEN	B	0.12%
	JNPR	F	0.12%
	TD	F	0.12%
	E	F	0.12%
	DGX	A	0.11%
	NBIX	C	0.11%
	AKAM	D	0.11%
	KMB	D	0.11%
	CSX	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	ADSK	A	0.1%
	DIS	B	0.1%
	CMI	A	0.1%
	CNI	D	0.1%
	INTC	D	0.1%
	SMFG	B	0.1%
	DHI	D	0.1%
	XEL	A	0.09%
	CPB	D	0.09%
	LEN	D	0.09%
	FANG	D	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	RTX	C	0.09%
	AEE	A	0.09%
	HRL	D	0.09%
	FAST	B	0.09%
	USB	A	0.09%
	ALL	A	0.08%
	AMCR	D	0.08%
	ODFL	B	0.08%
	PTC	A	0.08%
	CPRT	A	0.08%
	ROL	B	0.08%
	KVUE	A	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	JKHY	D	0.07%
	WBD	C	0.07%
	MNST	C	0.07%
	HMC	F	0.07%
	UPS	C	0.07%
	AEP	D	0.07%
	EW	C	0.07%
	SJM	D	0.07%
	BMRN	D	0.07%
	CDW	F	0.07%
	LULU	C	0.07%
	WTW	B	0.07%
	IDXX	F	0.07%
	TSCO	D	0.06%
	TPL	A	0.06%
	LNG	B	0.06%
	TDY	B	0.06%
	D	C	0.06%
	LOGI	D	0.06%
	ROK	B	0.06%
	DPZ	C	0.06%
	A	D	0.06%
	PHM	D	0.06%
	NVR	D	0.06%
	VEEV	C	0.05%
	LPLA	A	0.05%
	MTB	A	0.05%
	BTI	B	0.05%
	DOV	A	0.05%
	CNC	D	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	CMS	C	0.05%
	DHR	F	0.05%
	GPC	D	0.05%
	RMD	C	0.05%
	TROW	B	0.05%
	GRMN	B	0.05%
	NEM	D	0.04%
	ADI	D	0.04%
	HCA	F	0.04%
	WST	C	0.04%
	SNA	A	0.04%
	WBA	F	0.04%
	PKG	A	0.04%
	CFG	B	0.04%
	HUBB	B	0.04%
	MU	D	0.04%
	WAT	B	0.04%
	CAG	D	0.04%
	MPWR	F	0.04%
	CTVA	C	0.04%
	SCHW	B	0.04%
	BR	A	0.04%
	WDAY	B	0.04%
	TRGP	B	0.04%
	DFS	B	0.04%
	PYPL	B	0.04%
	EIX	B	0.03%
	DVN	F	0.03%
	AVY	D	0.03%
	LYB	F	0.03%
	SWKS	F	0.03%
	IEX	B	0.03%
	GGG	B	0.03%
	BG	F	0.03%
	SYY	B	0.03%
	ETR	B	0.03%
	BX	A	0.03%
	FDS	B	0.03%
	POOL	C	0.03%
	JBHT	C	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	CBRE	B	0.03%
	APD	A	0.03%
	LNT	A	0.03%
	ICE	C	0.03%
	PNR	A	0.03%
	VTRS	A	0.03%
	JCI	C	0.03%
	SLB	C	0.03%
	OKE	A	0.03%
	CSL	C	0.03%
	HBAN	A	0.03%
	WSO	A	0.03%
	OC	A	0.03%
	PCG	A	0.03%
	RF	A	0.03%
	DRI	B	0.03%
	OXY	D	0.03%
	FITB	A	0.03%
	EQIX	A	0.02%
	KMX	B	0.02%
	HAL	C	0.02%
	TTC	D	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	NRG	B	0.02%
	EQT	B	0.02%
	SQ	B	0.02%
	AOS	F	0.02%
	APO	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	NTRS	A	0.02%
	ROST	C	0.02%
	OVV	B	0.02%
	AER	B	0.02%
	CINF	A	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	LH	C	0.02%
	AFG	A	0.02%
	CTRA	B	0.02%
	DLR	B	0.02%
	WELL	A	0.02%
	PAYC	B	0.02%
	VICI	C	0.02%
	GLW	B	0.02%
	NDSN	B	0.02%
	IPG	D	0.02%
	GPN	B	0.02%
	URI	B	0.02%
	PEG	A	0.02%
	O	D	0.02%
	IP	B	0.02%
	DD	D	0.02%
	BKR	B	0.02%
	EPAM	C	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	ALLE	D	0.02%
	FCX	D	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	TER	D	0.02%
	DASH	A	0.01%
	CPT	B	0.01%
	WTRG	B	0.01%
	CTLT	B	0.01%
	VRSK	A	0.01%
	FSLR	F	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	RCL	A	0.01%
	HST	C	0.01%
	EL	F	0.01%
	GLPI	C	0.01%
	RPM	A	0.01%
	HII	D	0.01%
	TRU	D	0.01%
	TRMB	B	0.01%
	FOX	A	0.01%
	AVTR	F	0.01%
	TTWO	A	0.01%
	STE	F	0.01%
	SUI	D	0.01%
	REG	B	0.01%
	CLX	B	0.01%
	BURL	A	0.01%
	IRM	D	0.01%
	CCL	B	0.01%
	MAS	D	0.01%
	WPC	D	0.01%
	STX	D	0.01%
	CE	F	0.01%
	MKC	D	0.01%
	INVH	D	0.01%
	EFX	F	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	ESS	B	0.01%
	BEN	C	0.01%
	CG	A	0.01%
	COIN	C	0.01%
	DOC	D	0.01%
	AES	F	0.01%
	CCEP	C	0.01%
	DAL	C	0.01%
	ACM	A	0.01%
	HWM	A	0.01%
	XYL	D	0.01%
	MAA	B	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	ZBRA	B	0.01%
	STZ	D	0.01%
	ARE	D	0.01%
	TDG	D	0.01%
	BALL	D	0.01%
	SSNC	B	0.01%
	DLTR	F	0.01%
	FTV	C	0.01%
	CPAY	A	0.01%
	LKQ	D	0.01%
	WFG	D	0.01%
	IR	B	0.01%
	SE	B	0.01%
	WDC	D	0.01%
	EMN	D	0.01%
	KNX	B	0.01%
	LDOS	C	0.01%
	VTR	C	0.01%
	TXT	D	0.01%
	IFF	D	0.01%
	VMC	B	0.01%
	BSY	D	0.01%
	NI	A	0.01%
	KIM	A	0.01%
	MLM	B	0.01%
	ALB	C	0.01%
	MRVL	B	0.01%
	EXPE	B	0.01%
	EQH	B	0.01%
	UHS	D	0.01%
	IQV	D	0.01%
	J	F	0.01%
	APTV	D	0.01%
	PWR	A	0.01%
	MAR	B	0.01%
	CNP	B	0.01%
	CRBG	B	0.01%
	EVRG	A	0.01%
	SWK	D	0.01%
	CHRW	C	0.01%
	ATO	A	0.01%
	BIIB	F	0.01%
	DG	F	0.01%
	AME	A	0.01%
	HES	B	0.01%
	WAB	B	0.01%
	BAX	D	0.01%
	ON	D	0.01%
	BA	F	0.01%
	EXR	D	0.01%
	ECL	D	0.01%
	PPG	F	0.01%
	CCI	D	0.01%
	ES	D	0.01%
	SMCI	F	0.01%
	PPL	B	0.01%
	CNH	C	0.01%
	PARA	C	0.01%
	ENPH	F	0.01%
	GLBE	B	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	XRX	F	0.0%
	DDOG	A	0.0%
	DKNG	B	0.0%
	TOST	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	D	0.0%
	DT	C	0.0%
	DAY	B	0.0%
	SNOW	C	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%
	DXCM	D	0.0%
	MSTR	C	0.0%
	TYL	B	0.0%
	TTD	B	0.0%
	ELS	C	0.0%
	HOOD	B	0.0%
	ENTG	D	0.0%
	TW	A	0.0%
	HEI	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	LUV	C	0.0%
	WLK	D	0.0%
	MTCH	D	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	VRT	B	0.0%
	CSGP	D	0.0%
	AXON	A	0.0%
	LVS	C	0.0%
	CRL	C	0.0%
	BIO	D	0.0%
	TFX	F	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	QRVO	F	0.0%
	OTEX	D	0.0%
	ANSS	B	0.0%
	AMH	D	0.0%
	ALGN	D	0.0%
	PLTR	B	0.0%
	UHAL	D	0.0%
	ARES	A	0.0%
	FBIN	D	0.0%

QWLD Underweight 65 Positions Relative to LRGF

	Symbol	Grade	Weight
	TEAM	A	-0.6%
	IBKR	A	-0.46%
	DUOL	A	-0.44%
	NTNX	A	-0.43%
	AYI	B	-0.37%
	CRH	A	-0.32%
	TPR	B	-0.32%
	CR	A	-0.31%
	BRX	A	-0.31%
	HRB	D	-0.3%
	MLI	C	-0.29%
	CNM	D	-0.29%
	FERG	B	-0.29%
	GTLB	B	-0.28%
	PCOR	B	-0.28%
	MEDP	D	-0.28%
	MTD	D	-0.27%
	ANF	C	-0.27%
	JHG	A	-0.26%
	WING	D	-0.26%
	RHI	B	-0.24%
	WFRD	D	-0.21%
	AN	C	-0.21%
	QLYS	C	-0.2%
	AMG	B	-0.2%
	ESTC	C	-0.18%
	CVLT	B	-0.18%
	ETSY	D	-0.18%
	R	B	-0.17%
	HUBS	A	-0.15%
	WTS	B	-0.15%
	SMAR	A	-0.14%
	RMBS	C	-0.14%
	NVT	B	-0.13%
	VOYA	B	-0.13%
	RL	B	-0.12%
	ELF	C	-0.12%
	CPNG	D	-0.12%
	OLN	D	-0.11%
	RRC	B	-0.11%
	ZS	C	-0.11%
	MUSA	A	-0.11%
	TTEK	F	-0.1%
	GL	B	-0.1%
	COKE	C	-0.1%
	UNM	A	-0.09%
	EXE	B	-0.08%
	PVH	C	-0.08%
	HOG	D	-0.08%
	AGNC	D	-0.07%
	LPX	B	-0.07%
	CMC	B	-0.07%
	LNTH	D	-0.07%
	RGA	A	-0.06%
	SFM	A	-0.05%
	CRUS	D	-0.05%
	AR	B	-0.04%
	THO	B	-0.04%
	XRAY	F	-0.04%
	SSD	D	-0.04%
	MOD	A	-0.03%
	UAL	A	-0.03%
	PATH	C	-0.02%
	MUR	D	-0.02%
	CVNA	B	-0.02%

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

LRGF: Top Represented Industries & Keywords

Industries: Software - Application Specialty Retail Software - Infrastructure Drug Manufacturers - Major Oil & Gas E&P Asset Management Diversified Industrials Semiconductors Health Care Plans Insurance - Life Utilities - Regulated Electric Capital Markets Credit Services Medical Devices Banks - Global Business Services Diagnostics & Research Insurance - Diversified Restaurants Specialty Industrial Machinery

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Insurance Natural Gas Work From Home Electronics IBD 50 Building Materials Disability Medicine Mobile Devices Semiconductor Telecommunications Electricity Financial Products Insurance Products Refrigeration Retailing