QWLD vs. NZUS ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to SPDR MSCI USA Climate Paris Aligned ETF (NZUS)

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

NZUS

SPDR MSCI USA Climate Paris Aligned ETF

NZUS Description

SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Index, by using representative sampling technique. It does not invest in stocks of companies operating across cluster bombs, landmines, depleted uranium, chemical or biological weapons, blinding laser weapons, non-detectable fragments or incendiary weapons, tobacco, mining of thermal coal, oil and gas related activities, including distribution / retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, thermal coal based, liquid fuel based and natural gas based power generation sectors. SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

428

Number of Holdings ^*

246

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	NZUS
30 Days	1.92%	2.59%
60 Days	4.80%	5.16%
90 Days	6.62%	6.29%
12 Months	25.18%	32.47%

243 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in NZUS	Overlap
	A	C	0.07%	0.1%	0.07%
	AAPL	C	2.56%	6.79%	2.56%
	ABBV	C	0.41%	0.68%	0.41%
	ABBV	C	0.15%	0.68%	0.15%
	ABNB	D	0.01%	0.18%	0.01%
	ACGL	C	0.28%	0.29%	0.28%
	ACM	B	0.01%	0.53%	0.01%
	ACN	C	0.65%	0.64%	0.64%
	ADBE	F	0.49%	0.61%	0.49%
	ADI	C	0.04%	0.67%	0.04%
	ADP	B	0.24%	0.09%	0.09%
	ADSK	C	0.08%	0.25%	0.08%
	AFG	B	0.02%	0.17%	0.02%
	AFL	C	0.12%	0.58%	0.12%
	AJG	D	0.19%	0.11%	0.11%
	ALGN	D	0.0%	0.04%	0.0%
	ALL	B	0.07%	0.14%	0.07%
	ALLE	B	0.02%	0.26%	0.02%
	AMD	D	0.04%	0.63%	0.04%
	AME	C	0.01%	0.49%	0.01%
	AMGN	B	0.19%	0.33%	0.19%
	AMP	A	0.07%	0.03%	0.03%
	AMT	C	0.03%	0.31%	0.03%
	AMZN	C	0.34%	3.41%	0.34%
	ANET	B	0.18%	0.07%	0.07%
	ANSS	D	0.0%	0.06%	0.0%
	AON	B	0.16%	0.18%	0.16%
	AOS	D	0.02%	0.05%	0.02%
	APH	D	0.38%	0.18%	0.18%
	APO	C	0.01%	0.17%	0.01%
	ARE	C	0.01%	0.54%	0.01%
	AVB	B	0.01%	0.48%	0.01%
	AVGO	C	0.11%	1.67%	0.11%
	AVTR	B	0.01%	0.04%	0.01%
	AWK	B	0.01%	0.62%	0.01%
	AXON	B	0.0%	0.11%	0.0%
	AXP	B	0.06%	0.37%	0.06%
	BAC	D	0.33%	0.01%	0.01%
	BAH	C	0.15%	0.04%	0.04%
	BAX	C	0.02%	0.01%	0.01%
	BDX	D	0.08%	0.1%	0.08%
	BIIB	F	0.02%	0.07%	0.02%
	BIO	C	0.0%	0.04%	0.0%
	BK	B	0.05%	0.2%	0.05%
	BLK	B	0.21%	0.11%	0.11%
	BMRN	F	0.09%	0.06%	0.06%
	BMY	C	0.18%	0.32%	0.18%
	BRO	C	0.13%	0.21%	0.13%
	BSX	B	0.02%	0.28%	0.02%
	BX	B	0.02%	0.21%	0.02%
	BXP	B	0.01%	0.49%	0.01%
	CB	B	0.4%	0.41%	0.4%
	CBOE	C	0.26%	0.12%	0.12%
	CHD	D	0.18%	0.21%	0.18%
	CHTR	D	0.05%	0.12%	0.05%
	CINF	B	0.02%	0.13%	0.02%
	CMCSA	D	0.15%	0.22%	0.15%
	CME	C	0.16%	0.31%	0.16%
	CMG	C	0.13%	0.16%	0.13%
	COIN	F	0.0%	0.01%	0.0%
	CPRT	D	0.07%	0.15%	0.07%
	CRM	D	0.04%	0.68%	0.04%
	CSCO	C	0.88%	0.77%	0.77%
	CSGP	D	0.0%	0.1%	0.0%
	CSX	D	0.11%	0.01%	0.01%
	CTAS	B	0.14%	0.19%	0.14%
	CTLT	B	0.01%	0.04%	0.01%
	DFS	B	0.03%	0.06%	0.03%
	DGX	B	0.1%	0.03%	0.03%
	DHR	B	0.06%	0.62%	0.06%
	DIS	D	0.07%	0.37%	0.07%
	DLR	B	0.02%	1.6%	0.02%
	DOC	C	0.01%	0.49%	0.01%
	DOCU	C	0.0%	0.02%	0.0%
	DXCM	F	0.0%	0.08%	0.0%
	EBAY	B	0.01%	0.19%	0.01%
	ECL	B	0.01%	0.16%	0.01%
	EFX	B	0.01%	0.12%	0.01%
	EIX	C	0.03%	1.32%	0.03%
	EL	F	0.01%	0.04%	0.01%
	ELV	C	0.28%	0.3%	0.28%
	ENPH	D	0.03%	0.4%	0.03%
	EPAM	F	0.02%	0.01%	0.01%
	EQIX	C	0.01%	0.89%	0.01%
	EQR	B	0.01%	0.11%	0.01%
	ERIE	B	0.15%	0.12%	0.12%
	ESS	B	0.01%	0.48%	0.01%
	ETN	C	0.02%	0.1%	0.02%
	EW	F	0.07%	0.19%	0.07%
	EXAS	C	0.0%	0.02%	0.0%
	EXR	B	0.01%	0.06%	0.01%
	FAST	C	0.08%	0.21%	0.08%
	FDS	C	0.02%	0.11%	0.02%
	FFIV	B	0.14%	0.15%	0.14%
	FOX	B	0.01%	0.03%	0.01%
	FOXA	B	0.01%	0.03%	0.01%
	FSLR	C	0.01%	0.79%	0.01%
	FTNT	C	0.01%	0.1%	0.01%
	FTV	C	0.01%	0.37%	0.01%
	GGG	C	0.02%	0.1%	0.02%
	GILD	B	0.22%	0.03%	0.03%
	GOOG	D	0.83%	2.16%	0.83%
	GOOGL	D	0.95%	1.11%	0.95%
	GRMN	D	0.05%	0.22%	0.05%
	GWW	B	0.1%	0.04%	0.04%
	HD	B	0.14%	0.9%	0.14%
	HIG	B	0.03%	0.18%	0.03%
	HLT	B	0.01%	0.03%	0.01%
	HOLX	B	0.01%	0.09%	0.01%
	HSY	C	0.18%	0.34%	0.18%
	HUM	F	0.18%	0.1%	0.1%
	IBM	B	0.48%	1.35%	0.48%
	ICE	C	0.03%	0.29%	0.03%
	IDXX	C	0.09%	0.16%	0.09%
	IEX	D	0.02%	0.24%	0.02%
	ILMN	C	0.0%	0.06%	0.0%
	INCY	C	0.12%	0.04%	0.04%
	INTC	F	0.08%	0.26%	0.08%
	INTU	C	0.25%	0.61%	0.25%
	IQV	C	0.01%	0.03%	0.01%
	IR	C	0.01%	0.04%	0.01%
	ISRG	B	0.24%	0.37%	0.24%
	ITW	C	0.12%	0.35%	0.12%
	JNJ	C	1.19%	1.04%	1.04%
	JNPR	B	0.13%	0.33%	0.13%
	JPM	D	0.52%	1.16%	0.52%
	KDP	B	0.16%	0.09%	0.09%
	KEYS	C	0.17%	0.12%	0.12%
	KIM	C	0.01%	0.09%	0.01%
	KKR	B	0.02%	0.16%	0.02%
	KLAC	D	0.18%	0.26%	0.18%
	LLY	C	1.42%	2.06%	1.42%
	LOW	B	0.07%	0.05%	0.05%
	LULU	D	0.06%	0.08%	0.06%
	MA	B	0.67%	1.25%	0.67%
	MCD	B	0.42%	1.0%	0.42%
	MCO	B	0.13%	0.61%	0.13%
	MDT	C	0.06%	0.32%	0.06%
	MELI	B	0.01%	0.25%	0.01%
	MET	B	0.04%	0.12%	0.04%
	META	B	1.96%	2.45%	1.96%
	MKC	C	0.01%	0.01%	0.01%
	MKL	C	0.12%	0.12%	0.12%
	MKTX	C	0.02%	0.07%	0.02%
	MMC	C	0.53%	0.35%	0.35%
	MNST	D	0.06%	0.14%	0.06%
	MPWR	C	0.06%	0.14%	0.06%
	MRK	D	0.51%	0.83%	0.51%
	MRNA	F	0.02%	0.01%	0.01%
	MRVL	C	0.01%	0.26%	0.01%
	MSFT	C	2.36%	7.14%	2.36%
	MSI	B	0.58%	0.49%	0.49%
	MTB	B	0.04%	0.07%	0.04%
	MTCH	C	0.0%	0.02%	0.0%
	NBIX	F	0.11%	0.04%	0.04%
	NDAQ	A	0.01%	0.12%	0.01%
	NEM	B	0.04%	0.12%	0.04%
	NFLX	B	0.45%	0.71%	0.45%
	NKE	D	0.17%	0.08%	0.08%
	NOW	B	0.01%	0.84%	0.01%
	NTRS	A	0.01%	0.08%	0.01%
	NVDA	D	2.1%	6.52%	2.1%
	O	C	0.03%	0.21%	0.03%
	ODFL	D	0.07%	0.18%	0.07%
	OKTA	F	0.0%	0.02%	0.0%
	ORCL	C	0.22%	0.77%	0.22%
	PANW	D	0.16%	0.05%	0.05%
	PAYC	D	0.02%	0.01%	0.01%
	PAYX	C	0.09%	0.14%	0.09%
	PFE	C	0.21%	0.3%	0.21%
	PGR	B	0.34%	0.37%	0.34%
	PINS	F	0.0%	0.02%	0.0%
	PLD	C	0.05%	0.87%	0.05%
	PNR	B	0.02%	0.44%	0.02%
	PODD	B	0.0%	0.05%	0.0%
	PSA	B	0.09%	0.24%	0.09%
	PYPL	B	0.04%	0.17%	0.04%
	QCOM	D	0.34%	0.46%	0.34%
	REGN	C	0.47%	0.32%	0.32%
	RIVN	F	0.0%	0.38%	0.0%
	RMD	C	0.06%	0.15%	0.06%
	ROK	D	0.05%	0.44%	0.05%
	ROL	C	0.08%	0.12%	0.08%
	ROP	C	0.49%	0.17%	0.17%
	ROST	C	0.02%	0.16%	0.02%
	RPRX	C	0.01%	0.13%	0.01%
	SBUX	C	0.04%	0.28%	0.04%
	SCHW	D	0.03%	0.34%	0.03%
	SEIC	C	0.01%	0.09%	0.01%
	SHW	B	0.14%	1.59%	0.14%
	SMCI	F	0.03%	0.02%	0.02%
	SNAP	F	0.0%	0.01%	0.0%
	SNOW	F	0.0%	0.02%	0.0%
	SNPS	D	0.11%	0.21%	0.11%
	SPG	B	0.02%	0.15%	0.02%
	SPGI	B	0.04%	0.83%	0.04%
	SQ	D	0.01%	0.02%	0.01%
	STZ	D	0.01%	0.03%	0.01%
	SYK	C	0.03%	0.35%	0.03%
	TECH	C	0.0%	0.03%	0.0%
	TFX	C	0.01%	0.05%	0.01%
	TJX	B	0.35%	0.41%	0.35%
	TMO	B	0.07%	0.63%	0.07%
	TMUS	C	0.64%	0.05%	0.05%
	TRMB	C	0.0%	0.11%	0.0%
	TROW	D	0.05%	0.1%	0.05%
	TRU	B	0.01%	0.01%	0.01%
	TRV	C	0.27%	0.07%	0.07%
	TSLA	C	0.11%	2.1%	0.11%
	TTD	B	0.0%	0.05%	0.0%
	TTWO	C	0.01%	0.02%	0.01%
	TW	B	0.0%	0.02%	0.0%
	TXN	C	0.49%	0.66%	0.49%
	TYL	C	0.0%	0.05%	0.0%
	UBER	C	0.01%	0.21%	0.01%
	ULTA	D	0.07%	0.08%	0.07%
	UNH	C	1.36%	1.22%	1.22%
	UNP	C	0.28%	0.22%	0.22%
	USB	B	0.08%	0.12%	0.08%
	V	C	1.12%	1.73%	1.12%
	VEEV	C	0.05%	0.08%	0.05%
	VICI	C	0.02%	0.28%	0.02%
	VLTO	C	0.05%	0.16%	0.05%
	VMC	D	0.01%	0.05%	0.01%
	VRSK	D	0.01%	0.16%	0.01%
	VRSN	D	0.14%	0.16%	0.14%
	VRTX	D	0.44%	0.29%	0.29%
	VTR	C	0.01%	0.08%	0.01%
	VZ	B	0.61%	0.13%	0.13%
	WAT	C	0.04%	0.18%	0.04%
	WDAY	D	0.04%	0.08%	0.04%
	WELL	C	0.02%	0.2%	0.02%
	WFC	D	0.2%	0.22%	0.2%
	WM	D	0.5%	0.04%	0.04%
	WPC	C	0.01%	0.01%	0.01%
	WRB	C	0.14%	0.09%	0.09%
	WST	D	0.03%	0.23%	0.03%
	WTW	C	0.07%	0.14%	0.07%
	XYL	C	0.01%	1.28%	0.01%
	YUM	D	0.15%	0.16%	0.15%
	ZBH	F	0.01%	0.07%	0.01%
	ZM	C	0.01%	0.02%	0.01%
	ZTS	C	0.16%	0.61%	0.16%

QWLD Overweight 362 Positions Relative to NZUS

	Symbol	Grade	Weight
	PG	C	0.98%
	NVS	C	0.89%
	PEP	C	0.86%
	COST	B	0.76%
	WMT	C	0.72%
	BRK.A	C	0.71%
	KO	C	0.65%
	MCK	F	0.49%
	SO	B	0.47%
	RSG	D	0.46%
	LMT	C	0.45%
	XOM	C	0.44%
	GIS	B	0.38%
	ED	C	0.38%
	T	C	0.37%
	DUK	C	0.37%
	NOC	B	0.33%
	AMAT	D	0.32%
	CAT	B	0.32%
	UL	C	0.3%
	AZO	D	0.29%
	GE	B	0.29%
	WCN	D	0.28%
	KR	C	0.28%
	CVX	D	0.28%
	HON	D	0.24%
	K	B	0.23%
	CL	D	0.23%
	ORLY	C	0.22%
	KHC	C	0.22%
	GDDY	C	0.21%
	C	C	0.21%
	MFG	D	0.2%
	WEC	C	0.2%
	CI	C	0.2%
	LRCX	F	0.2%
	CTSH	C	0.2%
	GD	B	0.19%
	CHKP	B	0.19%
	EA	D	0.18%
	MPC	F	0.18%
	MDLZ	B	0.17%
	CVS	D	0.17%
	L	C	0.16%
	GM	C	0.15%
	WMB	B	0.15%
	TD	B	0.14%
	GS	C	0.14%
	TSN	C	0.14%
	UTHR	C	0.14%
	MMM	B	0.14%
	TM	F	0.14%
	TGT	C	0.14%
	E	C	0.13%
	PSX	F	0.13%
	TT	B	0.13%
	CF	C	0.12%
	KMB	D	0.12%
	DHI	B	0.12%
	DEO	C	0.12%
	CAH	C	0.12%
	CDNS	D	0.12%
	MUFG	D	0.12%
	AKAM	D	0.12%
	CNI	D	0.11%
	BCS	B	0.1%
	HRL	C	0.1%
	CPB	C	0.1%
	CDW	D	0.09%
	MS	D	0.09%
	RTX	C	0.09%
	F	F	0.09%
	SMFG	D	0.09%
	COP	D	0.09%
	STLA	F	0.09%
	LYG	B	0.09%
	LEN	B	0.09%
	FCNCA	D	0.09%
	PCAR	D	0.09%
	ABT	C	0.09%
	SJM	C	0.08%
	HMC	D	0.08%
	KVUE	C	0.08%
	TFC	C	0.08%
	XEL	B	0.08%
	CMI	C	0.08%
	PNC	B	0.08%
	SONY	C	0.08%
	AMCR	B	0.08%
	AEE	C	0.08%
	FANG	D	0.08%
	TEL	D	0.08%
	UPS	D	0.07%
	AIG	D	0.07%
	NVR	B	0.07%
	PM	C	0.07%
	PTC	D	0.07%
	MCHP	F	0.07%
	FDX	C	0.07%
	MOH	D	0.07%
	AIZ	B	0.07%
	VLO	F	0.07%
	COF	B	0.07%
	AEP	C	0.07%
	DPZ	F	0.06%
	GPC	D	0.06%
	D	C	0.06%
	EG	C	0.06%
	BBY	C	0.06%
	CNC	D	0.06%
	NEE	C	0.06%
	LIN	B	0.06%
	DE	B	0.06%
	PHM	B	0.06%
	JKHY	B	0.06%
	LOGI	D	0.06%
	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%
	WSM	D	0.04%
	MU	F	0.04%
	MANH	B	0.04%
	EXPD	C	0.04%
	WBA	F	0.04%
	HPQ	D	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%
	OMC	B	0.04%
	PRU	C	0.04%
	MT	D	0.04%
	NTAP	D	0.04%
	DECK	C	0.04%
	BLDR	C	0.04%
	CBRE	A	0.03%
	OKE	B	0.03%
	JBHT	D	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%
	SYY	D	0.03%
	SLB	F	0.03%
	CSL	B	0.03%
	RF	B	0.03%
	SNA	C	0.03%
	BG	D	0.03%
	AVY	C	0.03%
	HPE	D	0.03%
	WSO	C	0.03%
	STT	A	0.03%
	KMI	B	0.03%
	LYB	D	0.03%
	SOLV	C	0.03%
	FITB	B	0.03%
	LPLA	D	0.03%
	PKG	B	0.03%
	PCG	C	0.03%
	SWKS	D	0.03%
	TER	D	0.03%
	DRI	B	0.03%
	SRE	C	0.03%
	TRGP	B	0.03%
	CFG	C	0.03%
	TPL	B	0.03%
	EXC	C	0.03%
	IT	B	0.03%
	EME	B	0.03%
	HUBB	B	0.03%
	OXY	F	0.03%
	NMR	D	0.02%
	GEV	B	0.02%
	CHK	D	0.02%
	ACI	F	0.02%
	BA	F	0.02%
	TTC	D	0.02%
	WY	C	0.02%
	ES	C	0.02%
	OVV	F	0.02%
	NXPI	F	0.02%
	CCI	C	0.02%
	PH	B	0.02%
	GEHC	C	0.02%
	MOS	F	0.02%
	AER	B	0.02%
	CTRA	D	0.02%
	FIS	B	0.02%
	PFG	B	0.02%
	DTE	C	0.02%
	BKR	C	0.02%
	IP	B	0.02%
	STLD	F	0.02%
	URI	B	0.02%
	GLW	C	0.02%
	MRO	C	0.02%
	KEY	B	0.02%
	CARR	B	0.02%
	NDSN	C	0.02%
	GPN	D	0.02%
	PEG	B	0.02%
	ETR	B	0.02%
	DD	B	0.02%
	BKNG	C	0.02%
	EMR	D	0.02%
	LHX	C	0.02%
	SW	B	0.02%
	FCX	D	0.02%
	APD	B	0.02%
	JCI	B	0.02%
	IPG	C	0.02%
	DKS	D	0.02%
	MGM	F	0.01%
	AMH	C	0.01%
	OTEX	D	0.01%
	RPM	B	0.01%
	CPT	B	0.01%
	WTRG	D	0.01%
	UHAL	A	0.01%
	DAL	C	0.01%
	CG	D	0.01%
	HST	C	0.01%
	DVA	B	0.01%
	NWSA	D	0.01%
	SBAC	C	0.01%
	GLPI	C	0.01%
	CLX	C	0.01%
	BURL	B	0.01%
	REG	C	0.01%
	MBAVU	C	0.01%
	BEN	F	0.01%
	IRM	C	0.01%
	HWM	B	0.01%
	MAS	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%
	STX	C	0.01%
	INVH	C	0.01%
	EXPE	C	0.01%
	CPAY	B	0.01%
	HII	D	0.01%
	CCEP	B	0.01%
	CCK	A	0.01%
	MAA	B	0.01%
	AGCO	D	0.01%
	CHRD	F	0.01%
	KNX	C	0.01%
	WFG	B	0.01%
	SSNC	B	0.01%
	MLM	D	0.01%
	EQH	C	0.01%
	LDOS	B	0.01%
	ALB	D	0.01%
	TDG	B	0.01%
	PWR	B	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%
	WDC	D	0.01%
	MAR	C	0.01%
	DELL	D	0.01%
	TXT	D	0.01%
	CRBG	D	0.01%
	WAB	B	0.01%
	HES	F	0.01%
	CNP	C	0.01%
	BSY	D	0.01%
	FNF	B	0.01%
	EQT	D	0.01%
	CHRW	B	0.01%
	TAP	D	0.01%
	J	C	0.01%
	CE	F	0.01%
	ATO	B	0.01%
	EVRG	B	0.01%
	IFF	B	0.01%
	UHS	B	0.01%
	JBL	D	0.01%
	NRG	C	0.01%
	DG	F	0.01%
	RJF	C	0.01%
	ALLY	F	0.01%
	PARA	F	0.01%
	PPL	C	0.01%
	CNH	D	0.01%
	APTV	D	0.01%
	CEG	C	0.01%
	RS	D	0.01%
	FE	C	0.01%
	SWK	B	0.01%
	HAL	F	0.01%
	ON	D	0.01%
	KMX	D	0.01%
	PPG	D	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%
	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%
	WYNN	D	0.0%
	CRWD	D	0.0%
	HOOD	C	0.0%
	ROKU	C	0.0%
	LII	B	0.0%
	Z	B	0.0%
	PLTR	B	0.0%
	VRT	C	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%
	LVS	D	0.0%
	BBWI	F	0.0%
	DASH	C	0.0%
	RCL	B	0.0%
	WLK	D	0.0%
	MSCI	C	0.0%
	ARES	B	0.0%
	CRL	F	0.0%
	QGEN	C	0.0%
	TWLO	D	0.0%
	UDR	C	0.0%
	CCL	C	0.0%

QWLD Underweight 4 Positions Relative to NZUS

	Symbol	Grade	Weight
	MTD	D	-0.38%
	ALNY	C	-0.12%
	HUBS	D	-0.02%
	MDB	D	-0.01%

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

NZUS: Top Represented Industries & Keywords

Industries: Software - Application Diagnostics & Research Diversified Industrials Asset Management Biotechnology Drug Manufacturers - Major Semiconductors Business Services Insurance - Property & Casualty Internet Content & Information Medical Devices Medical Instruments & Supplies Capital Markets Insurance Brokers Credit Services Financial Data & Stock Exchanges Restaurants Scientific & Technical Instruments Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Medicine Real Estate Investment Trust Mobile Devices Telecommunications Biotechnology Work From Home IBD 50 Insurance Products Software Software As A Service Bank Banking Cloud Computing Disability Casualty Insurance