QWLD vs. PRF ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

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

$123.02

Average Daily Volume

5,909

Number of Holdings ^*

611

* may have additional holdings in another (foreign) market

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$38.69

Average Daily Volume

379,984

Number of Holdings ^*

980

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	PRF
30 Days	2.50%	1.73%
60 Days	3.81%	1.54%
90 Days	5.29%	2.84%
12 Months	20.76%	19.07%

543 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in PRF	Overlap
A	D	0.06%	0.04%	0.04%
AAPL	A	2.62%	2.44%	2.44%
ABBV	C	0.35%	0.6%	0.35%
ABBV	C	0.16%	0.6%	0.16%
ABNB	C	0.01%	0.02%	0.01%
ABT	D	0.09%	0.31%	0.09%
ACGL	D	0.25%	0.08%	0.08%
ACI	F	0.02%	0.09%	0.02%
ACM	D	0.01%	0.04%	0.01%
ACN	D	0.58%	0.23%	0.23%
ADBE	B	0.49%	0.13%	0.13%
ADI	B	0.04%	0.2%	0.04%
ADM	C	0.06%	0.28%	0.06%
ADP	D	0.21%	0.12%	0.12%
ADSK	B	0.08%	0.02%	0.02%
AEE	D	0.07%	0.08%	0.07%
AEP	C	0.06%	0.21%	0.06%
AER	B	0.02%	0.09%	0.02%
AES	D	0.01%	0.07%	0.01%
AFG	D	0.02%	0.05%	0.02%
AFL	B	0.1%	0.18%	0.1%
AGCO	F	0.01%	0.03%	0.01%
AIG	C	0.07%	0.33%	0.07%
AIZ	D	0.06%	0.03%	0.03%
AJG	A	0.17%	0.07%	0.07%
AKAM	D	0.12%	0.03%	0.03%
ALB	F	0.01%	0.03%	0.01%
ALGN	D	0.01%	0.02%	0.01%
ALL	D	0.06%	0.18%	0.06%
ALLE	D	0.02%	0.02%	0.02%
ALLY	B	0.02%	0.1%	0.02%
AMAT	A	0.43%	0.18%	0.18%
AMD	B	0.04%	0.19%	0.04%
AME	D	0.01%	0.04%	0.01%
AMGN	B	0.18%	0.36%	0.18%
AMH	B	0.0%	0.03%	0.0%
AMP	B	0.07%	0.08%	0.07%
AMT	B	0.02%	0.16%	0.02%
AMZN	A	0.37%	1.77%	0.37%
ANET	B	0.19%	0.03%	0.03%
ANSS	B	0.01%	0.02%	0.01%
AON	C	0.14%	0.06%	0.06%
AOS	D	0.02%	0.02%	0.02%
APA	F	0.03%	0.06%	0.03%
APD	D	0.02%	0.14%	0.02%
APH	B	0.43%	0.08%	0.08%
APO	B	0.01%	0.04%	0.01%
APTV	D	0.02%	0.06%	0.02%
ARE	D	0.01%	0.07%	0.01%
ARES	C	0.0%	0.01%	0.0%
ATO	C	0.01%	0.05%	0.01%
AVB	B	0.01%	0.08%	0.01%
AVGO	B	0.12%	0.56%	0.12%
AVTR	F	0.01%	0.04%	0.01%
AVY	D	0.03%	0.04%	0.03%
AWK	C	0.01%	0.06%	0.01%
AXP	B	0.05%	0.26%	0.05%
AZO	D	0.27%	0.07%	0.07%
BA	C	0.02%	0.17%	0.02%
BAC	A	0.35%	1.34%	0.35%
BAH	B	0.16%	0.03%	0.03%
BALL	D	0.01%	0.05%	0.01%
BAX	D	0.01%	0.06%	0.01%
BBWI	F	0.01%	0.03%	0.01%
BBY	B	0.05%	0.13%	0.05%
BDX	F	0.08%	0.14%	0.08%
BEN	D	0.01%	0.04%	0.01%
BG	B	0.03%	0.13%	0.03%
BIIB	C	0.02%	0.13%	0.02%
BIO	D	0.0%	0.02%	0.0%
BK	A	0.04%	0.23%	0.04%
BKNG	B	0.02%	0.09%	0.02%
BKR	C	0.02%	0.1%	0.02%
BLDR	D	0.04%	0.04%	0.04%
BLK	B	0.2%	0.27%	0.2%
BMRN	C	0.09%	0.02%	0.02%
BMY	D	0.16%	0.31%	0.16%
BR	B	0.04%	0.03%	0.03%
BRK.A	C	0.65%	2.23%	0.65%
BRO	B	0.12%	0.02%	0.02%
BSX	B	0.02%	0.11%	0.02%
BURL	B	0.01%	0.03%	0.01%
BX	B	0.02%	0.1%	0.02%
BXP	B	0.01%	0.05%	0.01%
C	A	0.24%	1.18%	0.24%
CAG	D	0.04%	0.08%	0.04%
CAH	D	0.11%	0.25%	0.11%
CARR	C	0.02%	0.1%	0.02%
CAT	D	0.32%	0.32%	0.32%
CB	C	0.36%	0.29%	0.29%
CBOE	D	0.21%	0.02%	0.02%
CBRE	B	0.02%	0.09%	0.02%
CCEP	D	0.01%	0.04%	0.01%
CCI	D	0.01%	0.12%	0.01%
CCK	F	0.01%	0.03%	0.01%
CCL	C	0.01%	0.06%	0.01%
CDNS	B	0.15%	0.03%	0.03%
CDW	D	0.09%	0.05%	0.05%
CE	D	0.01%	0.04%	0.01%
CEG	C	0.02%	0.14%	0.02%
CF	F	0.11%	0.05%	0.05%
CFG	B	0.03%	0.13%	0.03%
CG	D	0.01%	0.03%	0.01%
CHD	D	0.19%	0.04%	0.04%
CHK	D	0.02%	0.05%	0.02%
CHKP	A	0.17%	0.02%	0.02%
CHRD	D	0.01%	0.02%	0.01%
CHRW	C	0.01%	0.07%	0.01%
CHTR	C	0.04%	0.21%	0.04%
CI	D	0.19%	0.41%	0.19%
CINF	B	0.01%	0.07%	0.01%
CL	B	0.21%	0.15%	0.15%
CLF	D	0.02%	0.04%	0.02%
CLX	D	0.01%	0.04%	0.01%
CMCSA	F	0.15%	0.75%	0.15%
CME	D	0.14%	0.14%	0.14%
CMG	D	0.13%	0.04%	0.04%
CMI	D	0.08%	0.12%	0.08%
CMS	C	0.04%	0.07%	0.04%
CNC	D	0.06%	0.27%	0.06%
CNH	F	0.01%	0.05%	0.01%
CNP	C	0.01%	0.08%	0.01%
COF	D	0.08%	0.34%	0.08%
COIN	D	0.01%	0.02%	0.01%
COP	D	0.11%	0.47%	0.11%
COST	B	0.75%	0.57%	0.57%
CPAY	C	0.01%	0.03%	0.01%
CPB	B	0.09%	0.04%	0.04%
CPRT	C	0.08%	0.03%	0.03%
CPT	B	0.0%	0.04%	0.0%
CRBG	B	0.01%	0.06%	0.01%
CRL	F	0.0%	0.02%	0.0%
CRM	F	0.05%	0.21%	0.05%
CSCO	D	0.87%	0.56%	0.56%
CSGP	F	0.0%	0.03%	0.0%
CSL	C	0.03%	0.03%	0.03%
CSX	D	0.11%	0.14%	0.11%
CTAS	A	0.11%	0.05%	0.05%
CTLT	B	0.01%	0.03%	0.01%
CTRA	D	0.02%	0.08%	0.02%
CTSH	C	0.19%	0.09%	0.09%
CTVA	D	0.04%	0.09%	0.04%
CVS	F	0.17%	0.6%	0.17%
CVX	D	0.33%	1.23%	0.33%
CZR	C	0.01%	0.03%	0.01%
D	D	0.05%	0.25%	0.05%
DAL	D	0.01%	0.04%	0.01%
DASH	F	0.0%	0.02%	0.0%
DD	B	0.02%	0.17%	0.02%
DE	F	0.06%	0.22%	0.06%
DECK	D	0.05%	0.02%	0.02%
DFS	C	0.03%	0.16%	0.03%
DG	F	0.02%	0.1%	0.02%
DGX	C	0.1%	0.07%	0.07%
DHI	D	0.09%	0.11%	0.09%
DHR	D	0.05%	0.17%	0.05%
DINO	F	0.06%	0.05%	0.05%
DIS	F	0.09%	0.42%	0.09%
DKS	D	0.02%	0.04%	0.02%
DLR	A	0.02%	0.12%	0.02%
DLTR	F	0.02%	0.07%	0.02%
DOC	B	0.01%	0.07%	0.01%
DOV	C	0.04%	0.05%	0.04%
DOW	D	0.04%	0.24%	0.04%
DPZ	D	0.07%	0.02%	0.02%
DRI	F	0.03%	0.04%	0.03%
DTE	D	0.02%	0.1%	0.02%
DUK	B	0.33%	0.4%	0.33%
DVA	C	0.01%	0.04%	0.01%
DVN	D	0.03%	0.13%	0.03%
DXCM	F	0.0%	0.01%	0.0%
EA	A	0.17%	0.04%	0.04%
EBAY	C	0.01%	0.09%	0.01%
ECL	B	0.01%	0.08%	0.01%
ED	D	0.34%	0.15%	0.15%
EFX	C	0.01%	0.03%	0.01%
EG	D	0.06%	0.05%	0.05%
EIX	C	0.02%	0.13%	0.02%
EL	F	0.01%	0.04%	0.01%
ELS	C	0.0%	0.02%	0.0%
ELV	C	0.28%	0.4%	0.28%
EME	D	0.03%	0.04%	0.03%
EMN	D	0.01%	0.06%	0.01%
EMR	C	0.03%	0.14%	0.03%
ENTG	B	0.0%	0.02%	0.0%
EOG	B	0.06%	0.28%	0.06%
EPAM	F	0.02%	0.01%	0.01%
EQH	A	0.01%	0.05%	0.01%
EQIX	C	0.01%	0.09%	0.01%
EQR	B	0.01%	0.08%	0.01%
EQT	D	0.01%	0.04%	0.01%
ES	D	0.01%	0.11%	0.01%
ESS	B	0.01%	0.05%	0.01%
ETN	C	0.03%	0.18%	0.03%
ETR	D	0.02%	0.12%	0.02%
EVRG	C	0.01%	0.07%	0.01%
EW	B	0.1%	0.04%	0.04%
EXC	D	0.03%	0.2%	0.03%
EXPD	C	0.04%	0.05%	0.04%
EXPE	B	0.01%	0.03%	0.01%
EXR	C	0.01%	0.04%	0.01%
F	B	0.11%	0.49%	0.11%
FANG	B	0.1%	0.1%	0.1%
FAST	D	0.07%	0.05%	0.05%
FCNCA	C	0.08%	0.03%	0.03%
FCX	C	0.03%	0.18%	0.03%
FDS	D	0.02%	0.01%	0.01%
FDX	C	0.07%	0.34%	0.07%
FE	C	0.01%	0.11%	0.01%
FFIV	C	0.12%	0.02%	0.02%
FIS	D	0.02%	0.14%	0.02%
FITB	C	0.03%	0.12%	0.03%
FNF	D	0.01%	0.06%	0.01%
FOX	A	0.0%	0.02%	0.0%
FOXA	A	0.01%	0.04%	0.01%
FSLR	D	0.01%	0.04%	0.01%
FTNT	F	0.0%	0.01%	0.0%
FTV	D	0.01%	0.03%	0.01%
GD	D	0.18%	0.19%	0.18%
GDDY	B	0.2%	0.02%	0.02%
GE	C	0.3%	0.23%	0.23%
GEHC	C	0.02%	0.08%	0.02%
GEV	B	0.01%	0.06%	0.01%
GGG	D	0.02%	0.02%	0.02%
GILD	C	0.19%	0.29%	0.19%
GIS	D	0.33%	0.14%	0.14%
GLPI	B	0.01%	0.03%	0.01%
GLW	A	0.02%	0.11%	0.02%
GM	B	0.16%	0.7%	0.16%
GOOG	A	1.04%	1.02%	1.02%
GOOGL	A	1.18%	1.2%	1.18%
GPC	F	0.06%	0.06%	0.06%
GPN	F	0.02%	0.06%	0.02%
GRAB	D	0.0%	0.01%	0.0%
GRMN	C	0.04%	0.05%	0.04%
GS	A	0.14%	0.67%	0.14%
GWW	D	0.09%	0.05%	0.05%
HAL	F	0.02%	0.08%	0.02%
HBAN	D	0.02%	0.1%	0.02%
HCA	D	0.04%	0.16%	0.04%
HD	B	0.13%	0.65%	0.13%
HEI	B	0.0%	0.01%	0.0%
HEI	B	0.0%	0.01%	0.0%
HEI	B	0.0%	0.01%	0.0%
HEI	B	0.0%	0.01%	0.0%
HES	D	0.01%	0.06%	0.01%
HIG	D	0.02%	0.13%	0.02%
HII	D	0.01%	0.03%	0.01%
HLT	A	0.01%	0.03%	0.01%
HOLX	C	0.01%	0.04%	0.01%
HON	B	0.25%	0.3%	0.25%
HOOD	C	0.0%	0.03%	0.0%
HPE	B	0.04%	0.2%	0.04%
HPQ	B	0.04%	0.2%	0.04%
HRL	D	0.1%	0.04%	0.04%
HSIC	F	0.01%	0.04%	0.01%
HST	D	0.01%	0.04%	0.01%
HSY	D	0.17%	0.05%	0.05%
HUBB	D	0.03%	0.03%	0.03%
HUM	C	0.21%	0.2%	0.2%
HWM	C	0.01%	0.04%	0.01%
IBM	B	0.41%	0.48%	0.41%
ICE	A	0.03%	0.12%	0.03%
IDXX	D	0.08%	0.01%	0.01%
IEX	D	0.02%	0.02%	0.02%
IFF	B	0.01%	0.09%	0.01%
ILMN	D	0.0%	0.02%	0.0%
INCY	B	0.12%	0.02%	0.02%
INTC	C	0.13%	0.61%	0.13%
INTU	C	0.26%	0.09%	0.09%
INVH	B	0.01%	0.05%	0.01%
IP	C	0.02%	0.13%	0.02%
IPG	F	0.02%	0.05%	0.02%
IQV	D	0.01%	0.06%	0.01%
IR	C	0.01%	0.03%	0.01%
IRM	A	0.01%	0.07%	0.01%
ISRG	A	0.21%	0.07%	0.07%
IT	B	0.03%	0.02%	0.02%
ITW	D	0.12%	0.12%	0.12%
J	D	0.01%	0.04%	0.01%
JBHT	F	0.02%	0.03%	0.02%
JBL	D	0.01%	0.05%	0.01%
JCI	D	0.02%	0.16%	0.02%
JKHY	D	0.06%	0.02%	0.02%
JNJ	D	1.08%	0.96%	0.96%
JNPR	B	0.12%	0.03%	0.03%
JPM	B	0.54%	2.08%	0.54%
K	D	0.16%	0.06%	0.06%
KDP	D	0.15%	0.1%	0.1%
KEY	C	0.02%	0.09%	0.02%
KEYS	D	0.16%	0.03%	0.03%
KHC	D	0.21%	0.15%	0.15%
KIM	B	0.01%	0.04%	0.01%
KKR	B	0.02%	0.1%	0.02%
KLAC	A	0.21%	0.07%	0.07%
KMB	B	0.12%	0.15%	0.12%
KMI	A	0.03%	0.25%	0.03%
KMX	B	0.01%	0.08%	0.01%
KNX	C	0.01%	0.03%	0.01%
KO	C	0.6%	0.52%	0.52%
KR	C	0.28%	0.29%	0.28%
L	C	0.16%	0.06%	0.06%
LDOS	B	0.01%	0.06%	0.01%
LEN	D	0.08%	0.01%	0.01%
LEN	D	0.08%	0.11%	0.08%
LHX	A	0.02%	0.11%	0.02%
LII	B	0.0%	0.02%	0.0%
LIN	B	0.06%	0.29%	0.06%
LKQ	D	0.01%	0.05%	0.01%
LLY	A	1.42%	0.27%	0.27%
LMT	C	0.38%	0.32%	0.32%
LNG	B	0.05%	0.06%	0.05%
LNT	B	0.02%	0.05%	0.02%
LOW	D	0.06%	0.29%	0.06%
LPLA	C	0.04%	0.03%	0.03%
LRCX	A	0.29%	0.12%	0.12%
LULU	F	0.07%	0.02%	0.02%
LUV	C	0.0%	0.02%	0.0%
LVS	F	0.0%	0.03%	0.0%
LW	F	0.0%	0.02%	0.0%
LYB	D	0.03%	0.18%	0.03%
LYV	B	0.0%	0.02%	0.0%
MA	D	0.63%	0.16%	0.16%
MAA	C	0.01%	0.05%	0.01%
MAR	B	0.01%	0.05%	0.01%
MAS	D	0.01%	0.03%	0.01%
MCD	F	0.37%	0.26%	0.26%
MCHP	C	0.09%	0.08%	0.08%
MCK	C	0.57%	0.47%	0.47%
MCO	A	0.12%	0.06%	0.06%
MDLZ	D	0.15%	0.2%	0.15%
MDT	D	0.05%	0.34%	0.05%
MET	C	0.04%	0.27%	0.04%
META	B	1.99%	0.92%	0.92%
MGM	B	0.01%	0.05%	0.01%
MKC	C	0.01%	0.04%	0.01%
MKL	D	0.12%	0.08%	0.08%
MLM	D	0.01%	0.04%	0.01%
MMC	B	0.51%	0.14%	0.14%
MMM	B	0.11%	0.35%	0.11%
MNST	F	0.06%	0.03%	0.03%
MO	A	0.03%	0.47%	0.03%
MOH	F	0.06%	0.05%	0.05%
MOS	F	0.02%	0.07%	0.02%
MPC	F	0.2%	0.38%	0.2%
MRK	C	0.57%	0.57%	0.57%
MRNA	D	0.02%	0.13%	0.02%
MRO	C	0.02%	0.08%	0.02%
MRVL	B	0.01%	0.06%	0.01%
MS	A	0.09%	0.48%	0.09%
MSCI	C	0.0%	0.02%	0.0%
MSFT	A	2.63%	2.2%	2.2%
MSI	A	0.53%	0.06%	0.06%
MTB	B	0.03%	0.12%	0.03%
MTCH	D	0.0%	0.01%	0.0%
MU	B	0.06%	0.47%	0.06%
NDAQ	B	0.01%	0.03%	0.01%
NDSN	D	0.02%	0.02%	0.02%
NEE	D	0.05%	0.4%	0.05%
NEM	A	0.04%	0.19%	0.04%
NFLX	C	0.47%	0.18%	0.18%
NI	A	0.01%	0.05%	0.01%
NKE	F	0.17%	0.13%	0.13%
NOC	F	0.29%	0.16%	0.16%
NOW	C	0.01%	0.03%	0.01%
NRG	D	0.01%	0.1%	0.01%
NSC	D	0.02%	0.12%	0.02%
NTAP	A	0.05%	0.07%	0.05%
NTRS	B	0.01%	0.08%	0.01%
NUE	F	0.05%	0.14%	0.05%
NVDA	B	2.36%	0.25%	0.25%
NVR	C	0.04%	0.04%	0.04%
NWSA	A	0.01%	0.03%	0.01%
NXPI	B	0.02%	0.1%	0.02%
O	C	0.02%	0.1%	0.02%
OC	D	0.03%	0.05%	0.03%
ODFL	C	0.07%	0.02%	0.02%
OKE	B	0.02%	0.15%	0.02%
OKTA	C	0.0%	0.02%	0.0%
OMC	C	0.04%	0.08%	0.04%
ON	C	0.02%	0.05%	0.02%
ORCL	C	0.21%	0.27%	0.21%
ORLY	C	0.21%	0.06%	0.06%
OTIS	B	0.01%	0.06%	0.01%
OVV	D	0.02%	0.05%	0.02%
OXY	D	0.04%	0.17%	0.04%
PARA	D	0.02%	0.13%	0.02%
PAYX	D	0.08%	0.06%	0.06%
PCAR	D	0.11%	0.14%	0.11%
PCG	C	0.03%	0.1%	0.03%
PEG	A	0.02%	0.14%	0.02%
PEP	D	0.82%	0.52%	0.52%
PFE	C	0.21%	0.89%	0.21%
PFG	C	0.02%	0.1%	0.02%
PG	B	0.94%	0.76%	0.76%
PGR	B	0.29%	0.22%	0.22%
PH	D	0.02%	0.08%	0.02%
PHM	D	0.05%	0.07%	0.05%
PKG	D	0.03%	0.05%	0.03%
PLD	B	0.05%	0.16%	0.05%
PM	A	0.06%	0.57%	0.06%
PNC	A	0.07%	0.3%	0.07%
PNR	D	0.02%	0.02%	0.02%
POOL	F	0.02%	0.02%	0.02%
PPG	D	0.02%	0.07%	0.02%
PPL	C	0.01%	0.12%	0.01%
PRU	A	0.04%	0.24%	0.04%
PSA	C	0.07%	0.07%	0.07%
PSX	F	0.15%	0.34%	0.15%
PTC	C	0.08%	0.01%	0.01%
PWR	D	0.01%	0.05%	0.01%
PYPL	D	0.03%	0.15%	0.03%
QCOM	B	0.42%	0.42%	0.42%
QRVO	A	0.01%	0.03%	0.01%
RCL	B	0.0%	0.04%	0.0%
REG	B	0.01%	0.04%	0.01%
REGN	B	0.43%	0.14%	0.14%
RF	B	0.03%	0.1%	0.03%
RIVN	C	0.0%	0.02%	0.0%
RJF	D	0.01%	0.05%	0.01%
RMD	D	0.04%	0.03%	0.03%
ROK	C	0.06%	0.05%	0.05%
ROP	C	0.51%	0.07%	0.07%
ROST	B	0.02%	0.07%	0.02%
RPM	D	0.0%	0.03%	0.0%
RPRX	F	0.01%	0.02%	0.01%
RS	D	0.01%	0.05%	0.01%
RSG	A	0.44%	0.06%	0.06%
RTX	D	0.08%	0.44%	0.08%
SBAC	D	0.01%	0.02%	0.01%
SBUX	F	0.03%	0.15%	0.03%
SCHW	C	0.04%	0.19%	0.04%
SEIC	D	0.01%	0.01%	0.01%
SHW	C	0.11%	0.08%	0.08%
SJM	F	0.07%	0.05%	0.05%
SLB	D	0.03%	0.16%	0.03%
SMCI	C	0.07%	0.01%	0.01%
SNA	D	0.03%	0.04%	0.03%
SNOW	F	0.0%	0.01%	0.0%
SNPS	B	0.14%	0.04%	0.04%
SO	B	0.42%	0.36%	0.36%
SOLV	F	0.02%	0.04%	0.02%
SPG	B	0.02%	0.11%	0.02%
SPGI	A	0.03%	0.17%	0.03%
SQ	D	0.01%	0.06%	0.01%
SRE	B	0.03%	0.17%	0.03%
SSNC	C	0.01%	0.03%	0.01%
STE	D	0.01%	0.03%	0.01%
STLD	D	0.02%	0.07%	0.02%
STT	C	0.03%	0.13%	0.03%
STX	A	0.01%	0.08%	0.01%
STZ	C	0.01%	0.07%	0.01%
SUI	C	0.01%	0.04%	0.01%
SWK	D	0.01%	0.07%	0.01%
SWKS	B	0.03%	0.05%	0.03%
SYF	B	0.03%	0.18%	0.03%
SYK	B	0.03%	0.12%	0.03%
SYY	D	0.03%	0.14%	0.03%
T	B	0.33%	1.08%	0.33%
TAP	F	0.01%	0.05%	0.01%
TDG	D	0.01%	0.07%	0.01%
TDY	D	0.05%	0.04%	0.04%
TEL	A	0.09%	0.1%	0.09%
TER	A	0.04%	0.03%	0.03%
TFC	B	0.08%	0.33%	0.08%
TFX	B	0.0%	0.02%	0.0%
TGT	D	0.14%	0.3%	0.14%
TJX	A	0.33%	0.19%	0.19%
TMO	D	0.06%	0.24%	0.06%
TMUS	B	0.59%	0.27%	0.27%
TRGP	A	0.03%	0.08%	0.03%
TRMB	D	0.01%	0.02%	0.01%
TROW	B	0.05%	0.1%	0.05%
TRU	C	0.01%	0.02%	0.01%
TRV	D	0.24%	0.21%	0.21%
TSCO	D	0.05%	0.05%	0.05%
TSLA	B	0.13%	0.32%	0.13%
TSN	D	0.13%	0.15%	0.13%
TT	B	0.13%	0.09%	0.09%
TTC	C	0.02%	0.02%	0.02%
TTWO	D	0.01%	0.04%	0.01%
TWLO	F	0.0%	0.03%	0.0%
TXN	B	0.49%	0.36%	0.36%
TXT	D	0.01%	0.05%	0.01%
TYL	B	0.0%	0.02%	0.0%
UBER	C	0.01%	0.05%	0.01%
UDR	B	0.0%	0.04%	0.0%
UHAL	D	0.01%	0.02%	0.01%
UHAL	D	0.01%	0.0%	0.0%
UHS	C	0.01%	0.05%	0.01%
ULTA	D	0.07%	0.03%	0.03%
UNH	D	1.15%	0.96%	0.96%
UNP	D	0.26%	0.26%	0.26%
UPS	F	0.07%	0.36%	0.07%
URI	D	0.02%	0.09%	0.02%
USB	C	0.08%	0.32%	0.08%
UTHR	A	0.13%	0.03%	0.03%
V	D	1.09%	0.24%	0.24%
VEEV	F	0.04%	0.01%	0.01%
VICI	D	0.02%	0.07%	0.02%
VLO	D	0.09%	0.41%	0.09%
VLTO	D	0.04%	0.02%	0.02%
VMC	D	0.01%	0.04%	0.01%
VRSK	A	0.01%	0.03%	0.01%
VRT	D	0.0%	0.02%	0.0%
VRTX	A	0.45%	0.09%	0.09%
VST	C	0.01%	0.11%	0.01%
VTR	B	0.01%	0.1%	0.01%
VTRS	C	0.02%	0.08%	0.02%
VZ	B	0.59%	1.31%	0.59%
WAB	C	0.01%	0.05%	0.01%
WAT	D	0.03%	0.02%	0.02%
WBA	F	0.05%	0.16%	0.05%
WBD	D	0.05%	0.13%	0.05%
WDAY	F	0.04%	0.01%	0.01%
WDC	B	0.01%	0.14%	0.01%
WEC	D	0.16%	0.1%	0.1%
WELL	B	0.02%	0.14%	0.02%
WFC	C	0.24%	1.17%	0.24%
WLK	D	0.0%	0.02%	0.0%
WM	B	0.52%	0.13%	0.13%
WMB	B	0.15%	0.2%	0.15%
WMT	A	0.64%	1.02%	0.64%
WPC	D	0.01%	0.04%	0.01%
WRB	B	0.13%	0.04%	0.04%
WRK	C	0.02%	0.1%	0.02%
WSM	D	0.04%	0.04%	0.04%
WSO	B	0.03%	0.03%	0.03%
WST	F	0.04%	0.02%	0.02%
WTRG	C	0.01%	0.03%	0.01%
WTW	C	0.06%	0.06%	0.06%
WY	F	0.01%	0.08%	0.01%
WYNN	F	0.0%	0.02%	0.0%
XEL	D	0.07%	0.12%	0.07%
XOM	D	0.47%	2.33%	0.47%
XRX	F	0.0%	0.02%	0.0%
XYL	C	0.01%	0.03%	0.01%
YUM	D	0.15%	0.05%	0.05%
Z	B	0.0%	0.01%	0.0%
ZBH	F	0.01%	0.05%	0.01%
ZBRA	B	0.01%	0.03%	0.01%
ZM	F	0.01%	0.02%	0.01%
ZTS	C	0.16%	0.06%	0.06%

QWLD Overweight 72 Positions Relative to PRF

Symbol	Grade	Weight
NVS	A	0.85%
WCN	A	0.27%
UL	A	0.26%
MFG	B	0.22%
TM	D	0.18%
PANW	C	0.17%
VRSN	F	0.14%
MUFG	B	0.14%
DEO	F	0.13%
NBIX	B	0.13%
E	D	0.13%
TD	D	0.12%
STLA	D	0.12%
ERIE	D	0.11%
CNI	D	0.11%
BCS	B	0.1%
SMFG	A	0.1%
LYG	B	0.09%
LOGI	C	0.08%
SONY	B	0.08%
ROL	B	0.08%
HMC	D	0.08%
AMCR	C	0.07%
MPWR	B	0.06%
KVUE	F	0.06%
MT	F	0.05%
BTI	A	0.04%
ENPH	D	0.03%
TPL	B	0.03%
FICO	B	0.03%
MANH	B	0.03%
LSCC	D	0.02%
NMR	B	0.02%
OTEX	C	0.01%
SE	B	0.01%
WFG	D	0.01%
PCTY	F	0.01%
BSY	D	0.01%
MKTX	D	0.01%
PAYC	F	0.01%
DELL	B	0.01%
CFLT	F	0.0%
IOT	D	0.0%
GLBE	B	0.0%
RBLX	B	0.0%
TOST	C	0.0%
PATH	F	0.0%
NET	C	0.0%
DKNG	F	0.0%
RGEN	F	0.0%
U	F	0.0%
DDOG	C	0.0%
FUTU	D	0.0%
H	B	0.0%
DAY	F	0.0%
DOCU	D	0.0%
APP	B	0.0%
DT	F	0.0%
SNAP	B	0.0%
PSTG	B	0.0%
PODD	C	0.0%
EXAS	F	0.0%
ROKU	C	0.0%
PLTR	A	0.0%
TECH	D	0.0%
AXON	C	0.0%
TTD	B	0.0%
PINS	C	0.0%
ETSY	F	0.0%
TW	D	0.0%
CRWD	C	0.0%
QGEN	D	0.0%

QWLD Underweight 440 Positions Relative to PRF

Symbol	Grade	Weight
ZIM	C	-0.13%
THC	C	-0.11%
ARW	D	-0.09%
JXN	B	-0.08%
USFD	D	-0.08%
AA	C	-0.08%
FLEX	D	-0.07%
KD	C	-0.06%
X	C	-0.06%
PBF	F	-0.06%
RGA	B	-0.06%
WHR	C	-0.06%
PFGC	F	-0.06%
UNM	C	-0.06%
LNC	B	-0.06%
M	D	-0.06%
FHN	B	-0.05%
CMA	B	-0.05%
BAP	C	-0.05%
MPW	D	-0.05%
OGN	D	-0.05%
GT	F	-0.05%
WCC	D	-0.05%
VFC	D	-0.05%
MHK	D	-0.05%
UGI	D	-0.05%
LEA	F	-0.05%
KSS	F	-0.05%
IVZ	C	-0.05%
BWA	D	-0.05%
OMF	D	-0.05%
ORI	C	-0.05%
FYBR	C	-0.05%
AR	D	-0.05%
R	D	-0.05%
AN	D	-0.05%
JEF	A	-0.05%
PNW	C	-0.05%
SWN	D	-0.05%
BJ	B	-0.05%
JLL	B	-0.05%
WU	D	-0.04%
UAL	D	-0.04%
FMC	F	-0.04%
ABG	D	-0.04%
FAF	D	-0.04%
MTZ	D	-0.04%
AVT	C	-0.04%
ZION	A	-0.04%
OGE	C	-0.04%
TDS	B	-0.04%
VNO	B	-0.04%
HAS	D	-0.04%
TOL	D	-0.04%
STWD	C	-0.04%
CASY	C	-0.04%
BERY	D	-0.04%
LAD	F	-0.04%
DXC	C	-0.04%
SNX	D	-0.04%
ICLR	B	-0.04%
CMC	D	-0.03%
WAL	B	-0.03%
HRB	C	-0.03%
SWX	D	-0.03%
RRX	D	-0.03%
NOV	D	-0.03%
MDU	C	-0.03%
CPNG	D	-0.03%
DAR	D	-0.03%
FNB	B	-0.03%
BRX	B	-0.03%
ETRN	D	-0.03%
DTM	B	-0.03%
THO	D	-0.03%
BECN	D	-0.03%
COHR	B	-0.03%
COOP	C	-0.03%
JHG	A	-0.03%
AXS	B	-0.03%
PK	F	-0.03%
SANM	B	-0.03%
NXST	B	-0.03%
FLR	B	-0.03%
AGNC	A	-0.03%
SKX	D	-0.03%
SF	B	-0.03%
HLF	F	-0.03%
OSK	F	-0.03%
TPR	C	-0.03%
NYCB	D	-0.03%
ELAN	F	-0.03%
OHI	A	-0.03%
LAMR	C	-0.03%
WBS	D	-0.03%
BPOP	B	-0.03%
MTH	D	-0.03%
HUN	F	-0.03%
JWN	B	-0.03%
MUR	D	-0.03%
CAR	F	-0.03%
ARMK	C	-0.03%
AL	D	-0.03%
SNV	B	-0.03%
OLN	F	-0.03%
NWL	F	-0.03%
CACI	B	-0.03%
GPK	D	-0.03%
HBI	D	-0.03%
GPS	C	-0.03%
ALV	D	-0.03%
MAN	F	-0.03%
VOYA	D	-0.03%
PENN	C	-0.03%
INGR	C	-0.03%
MUSA	B	-0.03%
TMHC	D	-0.03%
SFM	C	-0.03%
EWBC	D	-0.03%
SLG	B	-0.03%
AAP	F	-0.03%
GPI	D	-0.03%
RIG	F	-0.03%
LEG	F	-0.02%
FULT	B	-0.02%
RRC	D	-0.02%
RUN	C	-0.02%
TXRH	C	-0.02%
VNT	D	-0.02%
ACHC	F	-0.02%
STAG	B	-0.02%
FHB	C	-0.02%
MSM	F	-0.02%
OI	F	-0.02%
KRG	B	-0.02%
RXO	B	-0.02%
REZI	D	-0.02%
MTDR	D	-0.02%
NVST	F	-0.02%
ADC	B	-0.02%
MMS	C	-0.02%
IAC	D	-0.02%
VMI	C	-0.02%
CBT	D	-0.02%
W	D	-0.02%
HOMB	B	-0.02%
LUMN	F	-0.02%
GBCI	C	-0.02%
APLE	F	-0.02%
ARCH	D	-0.02%
AYI	D	-0.02%
MHO	D	-0.02%
G	F	-0.02%
MTN	F	-0.02%
GATX	B	-0.02%
FCN	C	-0.02%
AMKR	A	-0.02%
ASGN	F	-0.02%
CW	B	-0.02%
BCO	C	-0.02%
RL	C	-0.02%
ESGR	B	-0.02%
TCBI	B	-0.02%
TRN	D	-0.02%
CPRI	D	-0.02%
AVA	D	-0.02%
PNM	D	-0.02%
SIG	D	-0.02%
HUBG	D	-0.02%
EPR	B	-0.02%
BKU	B	-0.02%
PHIN	D	-0.02%
WWD	C	-0.02%
NJR	C	-0.02%
GNTX	D	-0.02%
APG	D	-0.02%
MLI	C	-0.02%
VAC	D	-0.02%
ITT	D	-0.02%
SLVM	D	-0.02%
CNM	D	-0.02%
DAN	F	-0.02%
XPO	D	-0.02%
CIEN	F	-0.02%
AVNT	D	-0.02%
AGO	B	-0.02%
NWE	D	-0.02%
PRI	C	-0.02%
MELI	B	-0.02%
REXR	C	-0.02%
TKR	D	-0.02%
PAG	D	-0.02%
BTU	D	-0.02%
NAVI	F	-0.02%
BLD	D	-0.02%
ESNT	C	-0.02%
MIDD	D	-0.02%
HP	D	-0.02%
LBRDK	D	-0.02%
BC	D	-0.02%
CFR	D	-0.02%
LSTR	D	-0.02%
ALE	C	-0.02%
DCI	D	-0.02%
DEI	C	-0.02%
CBSH	A	-0.02%
CR	D	-0.02%
FLO	D	-0.02%
ATR	C	-0.02%
DY	B	-0.02%
TNL	C	-0.02%
JAZZ	F	-0.02%
OGS	B	-0.02%
SRCL	B	-0.02%
MAT	F	-0.02%
SR	D	-0.02%
CWK	C	-0.02%
SAIC	F	-0.02%
SSB	C	-0.02%
CADE	C	-0.02%
LPX	D	-0.02%
KMPR	B	-0.02%
ALSN	B	-0.02%
EVR	A	-0.02%
HWC	B	-0.02%
FLS	D	-0.02%
ASB	C	-0.02%
GEO	B	-0.02%
THG	D	-0.02%
CSTM	F	-0.02%
RNR	D	-0.02%
IDA	D	-0.02%
VLY	D	-0.02%
AGR	D	-0.02%
UBSI	C	-0.02%
LNW	B	-0.02%
UFPI	D	-0.02%
HCC	C	-0.02%
PNFP	C	-0.02%
CIVI	D	-0.02%
MAC	C	-0.02%
SLM	D	-0.02%
OZK	D	-0.02%
CUZ	C	-0.02%
SEM	B	-0.02%
RHI	F	-0.02%
AMG	C	-0.02%
SBRA	B	-0.02%
BCC	F	-0.02%
MTG	B	-0.02%
ONB	B	-0.02%
CNX	B	-0.02%
TGNA	D	-0.02%
HIW	B	-0.02%
CUBE	C	-0.02%
MTD	D	-0.02%
SEE	D	-0.02%
GL	D	-0.02%
ADNT	F	-0.02%
FL	F	-0.02%
KBR	C	-0.02%
WTFC	B	-0.02%
KBH	D	-0.02%
PII	F	-0.02%
COLD	B	-0.02%
GME	C	-0.02%
CNO	B	-0.02%
POST	C	-0.02%
NVT	D	-0.02%
BKH	D	-0.02%
EHC	C	-0.02%
SM	D	-0.02%
HOG	F	-0.02%
RDN	B	-0.02%
GNRC	C	-0.02%
CC	D	-0.02%
GNW	D	-0.02%
DK	F	-0.02%
ST	D	-0.02%
BXMT	C	-0.02%
MKSI	A	-0.02%
KEX	C	-0.02%
TPH	D	-0.02%
NNN	B	-0.02%
ABM	C	-0.02%
PRGO	D	-0.02%
GXO	F	-0.02%
POR	D	-0.02%
KRC	D	-0.02%
CLH	C	-0.02%
NSIT	D	-0.02%
NFG	C	-0.02%
PB	C	-0.02%
FRT	B	-0.02%
SCCO	C	-0.02%
AXTA	C	-0.02%
SPOT	C	-0.02%
BHF	D	-0.02%
PVH	D	-0.02%
SCI	D	-0.02%
FTI	B	-0.02%
DOX	F	-0.02%
SON	F	-0.02%
UNIT	D	-0.01%
UAA	D	-0.01%
UA	D	-0.01%
FIVE	F	-0.01%
CLVT	F	-0.01%
PARR	F	-0.01%
CBRL	F	-0.01%
VSTS	D	-0.01%
XP	D	-0.01%
LGIH	D	-0.01%
OPEN	F	-0.01%
GTN	D	-0.01%
BXC	D	-0.01%
HELE	F	-0.01%
ARCB	D	-0.01%
WSC	F	-0.01%
JELD	D	-0.01%
OPCH	D	-0.01%
IGT	F	-0.01%
BGS	F	-0.01%
SITE	F	-0.01%
STNE	D	-0.01%
NWS	A	-0.01%
NUS	F	-0.01%
BYD	C	-0.01%
RLJ	D	-0.01%
CNXC	C	-0.01%
MLKN	D	-0.01%
PINC	F	-0.01%
CABO	F	-0.01%
CRI	F	-0.01%
UVV	D	-0.01%
CCS	D	-0.01%
EGP	B	-0.01%
DRH	D	-0.01%
KMT	F	-0.01%
INDB	D	-0.01%
HTZ	F	-0.01%
WH	C	-0.01%
CRC	C	-0.01%
UCBI	C	-0.01%
AMR	F	-0.01%
ENOV	F	-0.01%
APAM	D	-0.01%
OMI	F	-0.01%
VSCO	D	-0.01%
NSP	F	-0.01%
AMN	F	-0.01%
UNFI	D	-0.01%
PPBI	B	-0.01%
RYN	F	-0.01%
SAIA	C	-0.01%
TPX	D	-0.01%
PECO	C	-0.01%
SBH	F	-0.01%
GEF	F	-0.01%
BOKF	C	-0.01%
AUB	B	-0.01%
FR	B	-0.01%
DIOD	B	-0.01%
FFBC	C	-0.01%
CXW	D	-0.01%
KNF	C	-0.01%
ARI	B	-0.01%
RLI	D	-0.01%
HRI	F	-0.01%
ESAB	D	-0.01%
PFSI	B	-0.01%
CATY	B	-0.01%
LXP	B	-0.01%
HPP	F	-0.01%
SOFI	D	-0.01%
URBN	B	-0.01%
SPB	D	-0.01%
FIBK	B	-0.01%
LECO	D	-0.01%
RUSHA	D	-0.01%
FND	F	-0.01%
BWXT	B	-0.01%
LCII	F	-0.01%
AIT	D	-0.01%
MC	A	-0.01%
SFNC	B	-0.01%
WEX	D	-0.01%
PMT	C	-0.01%
RH	D	-0.01%
ASO	D	-0.01%
AXL	F	-0.01%
BDN	D	-0.01%
JBGS	B	-0.01%
EEFT	D	-0.01%
LFUS	C	-0.01%
TEX	F	-0.01%
ANDE	F	-0.01%
ODP	F	-0.01%
VSAT	F	-0.01%
PDCO	F	-0.01%
FUL	C	-0.01%
GTLS	F	-0.01%
GHC	D	-0.01%
COLB	B	-0.01%
ALIT	F	-0.01%
PLXS	D	-0.01%
NOMD	D	-0.01%
UMBF	A	-0.01%
OUT	B	-0.01%
SIGI	F	-0.01%
WERN	F	-0.01%
ABCB	B	-0.01%
AEO	D	-0.01%
HE	D	-0.01%
ESI	B	-0.01%
TROX	D	-0.01%
LITE	B	-0.01%
CGNX	B	-0.01%
AAL	F	-0.01%
ABR	B	-0.01%
THS	C	-0.01%
EXEL	C	-0.01%
TTMI	A	-0.01%
XRAY	F	-0.01%
ATI	D	-0.01%
AM	B	-0.01%
IRT	C	-0.01%
VSH	D	-0.01%
ATKR	D	-0.01%
ENS	C	-0.01%
GMS	D	-0.01%
ASH	D	-0.01%
SMG	D	-0.01%
RGLD	B	-0.01%
SLGN	D	-0.01%
PCH	F	-0.01%
LBRDA	D	-0.0%
SEDG	F	-0.0%
BIG	F	-0.0%
ZG	C	-0.0%