QWLD vs. SHUS ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

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

$127.75

Average Daily Volume

3,758

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$43.86

Average Daily Volume

2,702

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SHUS
30 Days	-0.87%	0.93%
60 Days	0.52%	4.36%
90 Days	2.56%	5.12%
12 Months	23.47%	18.39%

483 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in SHUS	Overlap
A	F	0.07%	0.15%	0.07%
AAPL	C	2.5%	0.49%	0.49%
ABBV	F	0.41%	0.24%	0.24%
ABBV	F	0.16%	0.24%	0.16%
ABNB	C	0.01%	0.12%	0.01%
ABT	C	0.09%	0.06%	0.06%
ACGL	C	0.25%	0.14%	0.14%
ACN	B	0.65%	0.13%	0.13%
ADBE	C	0.42%	0.15%	0.15%
ADI	D	0.04%	0.22%	0.04%
ADM	F	0.05%	0.36%	0.05%
ADP	A	0.26%	0.21%	0.21%
ADSK	B	0.1%	0.16%	0.1%
AEE	B	0.08%	0.08%	0.08%
AEP	D	0.07%	0.24%	0.07%
AES	F	0.01%	0.31%	0.01%
AFL	C	0.12%	0.2%	0.12%
AIG	B	0.07%	0.19%	0.07%
AIZ	A	0.08%	0.2%	0.08%
AJG	A	0.18%	0.03%	0.03%
AKAM	F	0.13%	0.26%	0.13%
ALB	C	0.01%	0.05%	0.01%
ALGN	D	0.0%	0.1%	0.0%
ALL	B	0.07%	0.19%	0.07%
ALLE	D	0.02%	0.07%	0.02%
AMAT	F	0.32%	0.17%	0.17%
AMCR	D	0.08%	0.12%	0.08%
AMD	F	0.04%	0.14%	0.04%
AME	A	0.01%	0.12%	0.01%
AMGN	F	0.18%	0.23%	0.18%
AMP	A	0.09%	0.09%	0.09%
AMT	F	0.02%	0.06%	0.02%
AMZN	A	0.37%	0.21%	0.21%
ANET	C	0.21%	0.21%	0.21%
ANSS	B	0.0%	0.17%	0.0%
AON	B	0.17%	0.04%	0.04%
AOS	F	0.02%	0.21%	0.02%
APA	F	0.03%	0.07%	0.03%
APD	B	0.03%	0.05%	0.03%
APH	B	0.43%	0.18%	0.18%
APTV	F	0.01%	0.39%	0.01%
ARE	F	0.01%	0.1%	0.01%
ATO	B	0.01%	0.32%	0.01%
AVB	B	0.01%	0.1%	0.01%
AVGO	C	0.12%	0.22%	0.12%
AVY	F	0.03%	0.06%	0.03%
AWK	D	0.01%	0.32%	0.01%
AXON	B	0.0%	0.09%	0.0%
AXP	B	0.06%	0.05%	0.05%
AZO	B	0.29%	0.15%	0.15%
BA	F	0.01%	0.16%	0.01%
BAC	A	0.38%	0.12%	0.12%
BALL	D	0.01%	0.12%	0.01%
BAX	F	0.01%	0.05%	0.01%
BBWI	C	0.0%	0.19%	0.0%
BBY	C	0.05%	0.17%	0.05%
BDX	F	0.08%	0.05%	0.05%
BEN	C	0.01%	0.08%	0.01%
BG	D	0.02%	0.36%	0.02%
BIIB	F	0.01%	0.24%	0.01%
BK	B	0.05%	0.11%	0.05%
BKNG	A	0.03%	0.13%	0.03%
BKR	B	0.02%	0.35%	0.02%
BLDR	C	0.04%	0.19%	0.04%
BMY	B	0.21%	0.25%	0.21%
BR	A	0.04%	0.11%	0.04%
BRK.A	B	0.72%	0.49%	0.49%
BRO	B	0.14%	0.03%	0.03%
BSX	A	0.02%	0.06%	0.02%
BX	A	0.03%	0.08%	0.03%
BXP	D	0.01%	0.11%	0.01%
C	B	0.25%	0.13%	0.13%
CAG	F	0.04%	0.21%	0.04%
CAH	B	0.12%	0.19%	0.12%
CARR	C	0.02%	0.08%	0.02%
CAT	B	0.39%	0.14%	0.14%
CB	C	0.38%	0.14%	0.14%
CBOE	D	0.24%	0.04%	0.04%
CBRE	B	0.03%	0.04%	0.03%
CCI	F	0.01%	0.06%	0.01%
CCL	B	0.01%	0.09%	0.01%
CDNS	B	0.14%	0.33%	0.14%
CDW	F	0.08%	0.12%	0.08%
CE	F	0.01%	0.07%	0.01%
CEG	D	0.02%	0.38%	0.02%
CF	B	0.12%	0.09%	0.09%
CFG	B	0.04%	0.05%	0.04%
CHD	A	0.18%	0.41%	0.18%
CHRW	A	0.01%	0.09%	0.01%
CHTR	B	0.06%	0.46%	0.06%
CI	D	0.17%	0.18%	0.17%
CINF	A	0.02%	0.14%	0.02%
CL	F	0.19%	0.4%	0.19%
CLX	A	0.01%	0.41%	0.01%
CMCSA	B	0.17%	0.51%	0.17%
CME	B	0.15%	0.04%	0.04%
CMG	B	0.13%	0.49%	0.13%
CMI	A	0.09%	0.08%	0.08%
CMS	D	0.05%	0.07%	0.05%
CNC	F	0.05%	0.25%	0.05%
CNP	B	0.01%	0.25%	0.01%
COF	B	0.1%	0.69%	0.1%
COP	C	0.1%	0.07%	0.07%
COR	B	0.42%	0.18%	0.18%
COST	B	0.75%	0.7%	0.7%
CPAY	A	0.01%	0.04%	0.01%
CPB	F	0.09%	0.2%	0.09%
CPRT	A	0.08%	0.22%	0.08%
CPT	C	0.0%	0.1%	0.0%
CRL	C	0.0%	0.14%	0.0%
CRM	B	0.05%	0.35%	0.05%
CRWD	B	0.0%	0.18%	0.0%
CSCO	A	1.02%	0.21%	0.21%
CSGP	F	0.0%	0.04%	0.0%
CSX	B	0.12%	0.08%	0.08%
CTAS	B	0.14%	0.17%	0.14%
CTLT	D	0.01%	0.24%	0.01%
CTRA	B	0.02%	0.17%	0.02%
CTSH	A	0.21%	0.13%	0.13%
CTVA	C	0.05%	0.08%	0.05%
CVS	F	0.18%	0.68%	0.18%
CVX	A	0.31%	0.75%	0.31%
D	D	0.06%	0.24%	0.06%
DAL	A	0.01%	0.27%	0.01%
DAY	B	0.0%	0.22%	0.0%
DD	D	0.02%	0.05%	0.02%
DE	D	0.06%	0.13%	0.06%
DECK	B	0.05%	0.29%	0.05%
DELL	C	0.01%	0.17%	0.01%
DFS	B	0.04%	0.68%	0.04%
DG	F	0.01%	0.17%	0.01%
DGX	B	0.1%	0.16%	0.1%
DHI	D	0.11%	0.23%	0.11%
DHR	F	0.05%	0.1%	0.05%
DIS	B	0.08%	0.2%	0.08%
DLR	C	0.02%	0.26%	0.02%
DLTR	F	0.01%	0.17%	0.01%
DOC	C	0.01%	0.11%	0.01%
DOV	A	0.05%	0.17%	0.05%
DOW	F	0.04%	0.07%	0.04%
DPZ	C	0.06%	0.52%	0.06%
DRI	B	0.03%	0.5%	0.03%
DTE	D	0.02%	0.24%	0.02%
DUK	D	0.36%	0.07%	0.07%
DVA	C	0.01%	0.11%	0.01%
DVN	F	0.03%	0.16%	0.03%
DXCM	C	0.0%	0.09%	0.0%
EA	A	0.19%	0.48%	0.19%
EBAY	C	0.01%	0.22%	0.01%
ECL	C	0.01%	0.05%	0.01%
ED	D	0.36%	0.24%	0.24%
EFX	F	0.01%	0.04%	0.01%
EG	D	0.06%	0.14%	0.06%
EIX	C	0.02%	0.24%	0.02%
EL	F	0.01%	0.49%	0.01%
ELV	F	0.22%	0.24%	0.22%
EMN	D	0.01%	0.05%	0.01%
EMR	A	0.03%	0.03%	0.03%
ENPH	F	0.02%	0.25%	0.02%
EOG	A	0.05%	0.07%	0.05%
EPAM	B	0.02%	0.13%	0.02%
EQIX	B	0.01%	0.26%	0.01%
EQR	C	0.01%	0.1%	0.01%
EQT	B	0.01%	0.18%	0.01%
ERIE	F	0.12%	0.2%	0.12%
ES	D	0.01%	0.07%	0.01%
ESS	C	0.01%	0.1%	0.01%
ETN	B	0.03%	0.26%	0.03%
ETR	B	0.03%	0.25%	0.03%
EVRG	A	0.01%	0.08%	0.01%
EW	F	0.07%	0.06%	0.06%
EXC	C	0.03%	0.29%	0.03%
EXPD	C	0.04%	0.09%	0.04%
EXPE	B	0.01%	0.12%	0.01%
EXR	D	0.01%	0.11%	0.01%
F	C	0.09%	0.24%	0.09%
FANG	C	0.09%	0.07%	0.07%
FAST	B	0.09%	0.12%	0.09%
FCX	F	0.03%	0.29%	0.03%
FDS	A	0.03%	0.04%	0.03%
FDX	B	0.07%	0.07%	0.07%
FE	D	0.01%	0.24%	0.01%
FFIV	B	0.16%	0.2%	0.16%
FI	A	0.08%	0.06%	0.06%
FICO	B	0.04%	0.03%	0.03%
FIS	B	0.02%	0.05%	0.02%
FITB	A	0.03%	0.05%	0.03%
FOX	A	0.01%	0.1%	0.01%
FOXA	A	0.01%	0.1%	0.01%
FSLR	F	0.01%	0.2%	0.01%
FTNT	B	0.01%	0.17%	0.01%
FTV	C	0.01%	0.03%	0.01%
GD	C	0.19%	0.16%	0.16%
GDDY	B	0.23%	0.26%	0.23%
GE	D	0.31%	0.17%	0.17%
GEHC	D	0.02%	0.1%	0.02%
GEN	B	0.12%	0.17%	0.12%
GEV	B	0.02%	0.18%	0.02%
GILD	B	0.25%	0.24%	0.24%
GIS	F	0.33%	0.21%	0.21%
GLW	B	0.02%	0.19%	0.02%
GM	B	0.18%	0.24%	0.18%
GOOG	C	0.95%	0.22%	0.22%
GOOGL	C	1.08%	0.22%	0.22%
GPC	D	0.05%	0.15%	0.05%
GPN	B	0.02%	0.04%	0.02%
GRMN	A	0.05%	0.32%	0.05%
GS	B	0.17%	0.25%	0.17%
GWW	B	0.11%	0.13%	0.11%
HAL	C	0.02%	0.33%	0.02%
HBAN	A	0.03%	0.05%	0.03%
HCA	D	0.04%	0.33%	0.04%
HD	B	0.14%	0.25%	0.14%
HES	B	0.01%	0.07%	0.01%
HIG	C	0.03%	0.14%	0.03%
HII	F	0.01%	0.08%	0.01%
HLT	A	0.01%	0.12%	0.01%
HOLX	D	0.01%	0.1%	0.01%
HON	B	0.25%	0.16%	0.16%
HPE	B	0.04%	0.19%	0.04%
HPQ	B	0.04%	0.34%	0.04%
HRL	F	0.09%	0.36%	0.09%
HSIC	F	0.01%	0.2%	0.01%
HST	D	0.01%	0.11%	0.01%
HSY	F	0.16%	0.17%	0.16%
HUBB	C	0.04%	0.26%	0.04%
HUM	D	0.16%	0.26%	0.16%
HWM	B	0.01%	0.07%	0.01%
IBM	D	0.48%	0.33%	0.33%
ICE	C	0.03%	0.04%	0.03%
IDXX	F	0.07%	0.09%	0.07%
IEX	B	0.03%	0.2%	0.03%
IFF	F	0.01%	0.05%	0.01%
INCY	B	0.16%	0.25%	0.16%
INTC	C	0.1%	0.16%	0.1%
INTU	A	0.25%	0.2%	0.2%
INVH	D	0.01%	0.1%	0.01%
IP	B	0.02%	0.06%	0.02%
IPG	F	0.02%	0.33%	0.02%
IQV	F	0.01%	0.13%	0.01%
IR	A	0.01%	0.2%	0.01%
IRM	D	0.01%	0.06%	0.01%
ISRG	A	0.25%	0.12%	0.12%
IT	B	0.04%	0.13%	0.04%
ITW	B	0.14%	0.17%	0.14%
J	D	0.01%	0.39%	0.01%
JBHT	C	0.03%	0.08%	0.03%
JBL	C	0.02%	0.37%	0.02%
JCI	A	0.03%	0.08%	0.03%
JKHY	C	0.07%	0.05%	0.05%
JNJ	D	1.11%	0.23%	0.23%
JNPR	D	0.13%	0.19%	0.13%
JPM	A	0.59%	0.12%	0.12%
K	A	0.22%	0.18%	0.18%
KDP	C	0.14%	0.24%	0.14%
KEY	B	0.03%	0.06%	0.03%
KEYS	C	0.18%	0.2%	0.18%
KHC	F	0.21%	0.21%	0.21%
KIM	A	0.01%	0.06%	0.01%
KKR	B	0.02%	0.09%	0.02%
KLAC	F	0.16%	0.17%	0.16%
KMB	D	0.11%	0.41%	0.11%
KMI	B	0.04%	0.25%	0.04%
KMX	B	0.01%	0.14%	0.01%
KO	F	0.57%	0.24%	0.24%
KR	A	0.32%	0.73%	0.32%
KVUE	A	0.08%	0.41%	0.08%
L	A	0.17%	0.49%	0.17%
LDOS	C	0.01%	0.13%	0.01%
LEN	D	0.09%	0.24%	0.09%
LH	B	0.02%	0.16%	0.02%
LHX	B	0.03%	0.08%	0.03%
LIN	D	0.06%	0.04%	0.04%
LKQ	C	0.01%	0.14%	0.01%
LLY	F	1.17%	0.23%	0.23%
LMT	D	0.43%	0.08%	0.08%
LNT	C	0.03%	0.08%	0.03%
LOW	B	0.07%	0.25%	0.07%
LULU	B	0.07%	0.3%	0.07%
LUV	B	0.0%	0.25%	0.0%
LVS	C	0.0%	0.08%	0.0%
LW	B	0.0%	0.22%	0.0%
LYB	F	0.03%	0.07%	0.03%
LYV	A	0.0%	0.09%	0.0%
MA	B	0.7%	0.05%	0.05%
MAA	C	0.01%	0.1%	0.01%
MAR	A	0.01%	0.12%	0.01%
MAS	D	0.01%	0.19%	0.01%
MCD	C	0.41%	0.49%	0.41%
MCHP	F	0.06%	0.13%	0.06%
MCK	B	0.51%	0.18%	0.18%
MCO	C	0.12%	0.04%	0.04%
MDLZ	F	0.15%	0.18%	0.15%
MDT	D	0.06%	0.06%	0.06%
MET	C	0.05%	0.21%	0.05%
META	B	2.14%	0.46%	0.46%
MGM	D	0.01%	0.07%	0.01%
MKC	D	0.01%	0.21%	0.01%
MKTX	C	0.02%	0.04%	0.02%
MLM	B	0.01%	0.17%	0.01%
MMC	D	0.51%	0.03%	0.03%
MMM	C	0.14%	0.17%	0.14%
MNST	B	0.07%	0.25%	0.07%
MO	A	0.04%	0.35%	0.04%
MOH	F	0.06%	0.25%	0.06%
MOS	D	0.02%	0.08%	0.02%
MPC	D	0.17%	0.48%	0.17%
MPWR	F	0.06%	0.21%	0.06%
MRK	F	0.44%	0.24%	0.24%
MRNA	F	0.01%	0.23%	0.01%
MRO	B	0.02%	0.07%	0.02%
MS	A	0.11%	0.26%	0.11%
MSCI	B	0.0%	0.04%	0.0%
MSFT	C	2.29%	0.32%	0.32%
MSI	B	0.61%	0.49%	0.49%
MTB	A	0.05%	0.06%	0.05%
MTCH	F	0.0%	0.46%	0.0%
MU	D	0.04%	0.15%	0.04%
NDAQ	B	0.01%	0.04%	0.01%
NDSN	B	0.02%	0.03%	0.02%
NEE	D	0.05%	0.24%	0.05%
NEM	F	0.04%	0.24%	0.04%
NFLX	A	0.51%	0.22%	0.22%
NI	A	0.01%	0.32%	0.01%
NKE	F	0.16%	0.33%	0.16%
NOC	D	0.33%	0.08%	0.08%
NOW	A	0.01%	0.22%	0.01%
NRG	C	0.02%	0.32%	0.02%
NSC	B	0.03%	0.08%	0.03%
NTAP	D	0.04%	0.17%	0.04%
NTRS	A	0.02%	0.08%	0.02%
NUE	D	0.05%	0.25%	0.05%
NVDA	A	2.56%	0.13%	0.13%
NVR	D	0.06%	0.3%	0.06%
NWSA	B	0.01%	0.1%	0.01%
NXPI	F	0.02%	0.23%	0.02%
O	D	0.02%	0.06%	0.02%
ODFL	B	0.08%	0.08%	0.08%
OKE	A	0.03%	0.24%	0.03%
OMC	A	0.04%	0.33%	0.04%
ON	F	0.01%	0.22%	0.01%
ORCL	A	0.25%	0.34%	0.25%
ORLY	A	0.24%	0.14%	0.14%
OTIS	D	0.01%	0.08%	0.01%
OXY	F	0.03%	0.07%	0.03%
PANW	B	0.18%	0.16%	0.16%
PARA	B	0.02%	0.2%	0.02%
PAYC	B	0.02%	0.21%	0.02%
PAYX	B	0.1%	0.21%	0.1%
PCAR	B	0.11%	0.12%	0.11%
PCG	A	0.03%	0.07%	0.03%
PEG	C	0.02%	0.25%	0.02%
PEP	D	0.79%	0.17%	0.17%
PFE	F	0.19%	0.24%	0.19%
PFG	C	0.02%	0.2%	0.02%
PG	C	0.89%	0.41%	0.41%
PGR	A	0.35%	0.19%	0.19%
PH	A	0.02%	0.08%	0.02%
PHM	D	0.06%	0.25%	0.06%
PKG	B	0.04%	0.06%	0.04%
PLD	D	0.04%	0.06%	0.04%
PLTR	B	0.0%	0.22%	0.0%
PM	B	0.07%	0.35%	0.07%
PNC	B	0.09%	0.06%	0.06%
PNR	A	0.03%	0.19%	0.03%
PODD	B	0.0%	0.1%	0.0%
POOL	D	0.03%	0.13%	0.03%
PPG	F	0.01%	0.07%	0.01%
PPL	A	0.01%	0.08%	0.01%
PRU	B	0.05%	0.2%	0.05%
PSA	D	0.08%	0.1%	0.08%
PSX	C	0.13%	0.5%	0.13%
PTC	B	0.08%	0.17%	0.08%
PWR	B	0.01%	0.4%	0.01%
PYPL	A	0.04%	0.06%	0.04%
QCOM	F	0.34%	0.22%	0.22%
QRVO	F	0.0%	0.21%	0.0%
RCL	A	0.01%	0.08%	0.01%
REG	A	0.01%	0.06%	0.01%
REGN	F	0.33%	0.23%	0.23%
RF	A	0.03%	0.06%	0.03%
RJF	A	0.02%	0.25%	0.02%
RMD	C	0.05%	0.09%	0.05%
ROK	B	0.06%	0.03%	0.03%
ROL	C	0.08%	0.18%	0.08%
ROP	A	0.49%	0.03%	0.03%
ROST	D	0.02%	0.71%	0.02%
RSG	B	0.45%	0.18%	0.18%
RTX	D	0.09%	0.08%	0.08%
RVTY	C	0.01%	0.1%	0.01%
SBAC	D	0.01%	0.06%	0.01%
SBUX	B	0.04%	0.48%	0.04%
SCHW	B	0.04%	0.25%	0.04%
SHW	A	0.14%	0.06%	0.06%
SJM	F	0.07%	0.21%	0.07%
SLB	C	0.03%	0.34%	0.03%
SMCI	F	0.02%	0.15%	0.02%
SNA	A	0.04%	0.25%	0.04%
SNPS	C	0.13%	0.34%	0.13%
SO	D	0.45%	0.08%	0.08%
SOLV	C	0.03%	0.05%	0.03%
SPG	A	0.02%	0.06%	0.02%
SPGI	C	0.03%	0.04%	0.03%
SRE	B	0.03%	0.07%	0.03%
STE	D	0.01%	0.12%	0.01%
STLD	C	0.03%	0.27%	0.03%
STT	B	0.03%	0.11%	0.03%
STX	D	0.01%	0.17%	0.01%
STZ	D	0.01%	0.25%	0.01%
SW	B	0.03%	0.07%	0.03%
SWK	F	0.01%	0.26%	0.01%
SWKS	F	0.03%	0.21%	0.03%
SYF	B	0.04%	0.68%	0.04%
SYK	A	0.03%	0.12%	0.03%
SYY	D	0.03%	0.73%	0.03%
T	A	0.38%	0.33%	0.33%
TAP	B	0.01%	0.25%	0.01%
TDG	D	0.01%	0.06%	0.01%
TDY	B	0.06%	0.03%	0.03%
TECH	D	0.0%	0.15%	0.0%
TER	F	0.03%	0.16%	0.03%
TFC	B	0.09%	0.05%	0.05%
TFX	F	0.0%	0.05%	0.0%
TGT	C	0.14%	0.17%	0.14%
TJX	A	0.33%	0.71%	0.33%
TMO	F	0.06%	0.14%	0.06%
TMUS	A	0.73%	0.33%	0.33%
TRGP	B	0.04%	0.24%	0.04%
TRMB	B	0.01%	0.03%	0.01%
TROW	A	0.05%	0.08%	0.05%
TRV	B	0.29%	0.14%	0.14%
TSCO	D	0.06%	0.12%	0.06%
TSLA	B	0.14%	0.27%	0.14%
TSN	B	0.13%	0.35%	0.13%
TT	B	0.14%	0.08%	0.08%
TTWO	A	0.01%	0.48%	0.01%
TXN	B	0.51%	0.22%	0.22%
TXT	D	0.01%	0.16%	0.01%
TYL	B	0.0%	0.21%	0.0%
UBER	F	0.01%	0.11%	0.01%
UDR	C	0.0%	0.1%	0.0%
UHS	D	0.01%	0.32%	0.01%
ULTA	C	0.07%	0.17%	0.07%
UNH	B	1.34%	0.25%	0.25%
UNP	D	0.27%	0.08%	0.08%
UPS	C	0.07%	0.08%	0.07%
URI	B	0.02%	0.14%	0.02%
USB	B	0.09%	0.05%	0.05%
V	A	1.19%	0.04%	0.04%
VICI	D	0.02%	0.06%	0.02%
VLO	C	0.07%	0.49%	0.07%
VLTO	D	0.05%	0.03%	0.03%
VMC	B	0.01%	0.17%	0.01%
VRSK	A	0.01%	0.04%	0.01%
VRSN	C	0.14%	0.27%	0.14%
VRTX	B	0.45%	0.23%	0.23%
VST	B	0.01%	0.4%	0.01%
VTR	C	0.01%	0.11%	0.01%
VTRS	B	0.03%	0.24%	0.03%
VZ	D	0.56%	0.32%	0.32%
WAB	B	0.01%	0.13%	0.01%
WAT	B	0.04%	0.15%	0.04%
WBA	D	0.04%	0.63%	0.04%
WBD	B	0.06%	0.19%	0.06%
WDC	D	0.01%	0.17%	0.01%
WEC	B	0.19%	0.07%	0.07%
WELL	B	0.02%	0.11%	0.02%
WFC	A	0.27%	0.13%	0.13%
WM	A	0.52%	0.18%	0.18%
WMB	B	0.19%	0.24%	0.19%
WMT	A	0.75%	0.72%	0.72%
WRB	B	0.14%	0.13%	0.13%
WST	B	0.04%	0.05%	0.04%
WTW	A	0.07%	0.04%	0.04%
WY	F	0.02%	0.17%	0.02%
WYNN	C	0.0%	0.08%	0.0%
XEL	A	0.08%	0.07%	0.07%
XOM	B	0.47%	0.75%	0.47%
XYL	F	0.01%	0.19%	0.01%
YUM	B	0.15%	0.5%	0.15%
ZBH	C	0.01%	0.12%	0.01%
ZBRA	B	0.01%	0.13%	0.01%
ZTS	D	0.15%	0.25%	0.15%

QWLD Overweight 126 Positions Relative to SHUS

Symbol	Grade	Weight
NVS	F	0.81%
UL	D	0.27%
WCN	A	0.26%
HSBH	A	0.25%
MFG	A	0.22%
LRCX	F	0.2%
BAH	C	0.18%
CHKP	C	0.17%
UTHR	B	0.16%
TM	F	0.14%
MUFG	A	0.13%
FCNCA	B	0.12%
TD	D	0.12%
MKL	A	0.12%
E	F	0.12%
DEO	F	0.11%
BCS	B	0.11%
NBIX	C	0.11%
SMFG	A	0.1%
CNI	F	0.1%
LYG	D	0.09%
SONY	C	0.08%
STLA	F	0.08%
HMC	F	0.07%
BMRN	F	0.07%
LOGI	F	0.06%
VEEV	B	0.05%
DINO	D	0.05%
MT	C	0.05%
LNG	B	0.05%
TPL	B	0.05%
MANH	C	0.04%
WDAY	B	0.04%
EME	B	0.04%
LPLA	A	0.04%
BTI	C	0.04%
GGG	B	0.03%
OC	A	0.03%
CSL	B	0.03%
WSO	B	0.03%
WSM	F	0.03%
ACI	C	0.02%
ALLY	C	0.02%
NMR	B	0.02%
CNH	D	0.02%
TTC	F	0.02%
APO	B	0.02%
SEIC	A	0.02%
RS	C	0.02%
OVV	C	0.02%
AFG	A	0.02%
AER	B	0.02%
DKS	D	0.02%
ARES	B	0.01%
WTRG	C	0.01%
UHAL	D	0.01%
FBIN	F	0.01%
RPRX	F	0.01%
GLPI	D	0.01%
RPM	A	0.01%
BURL	C	0.01%
COIN	B	0.01%
TRU	D	0.01%
SUI	F	0.01%
TWLO	B	0.01%
MBAVU	C	0.01%
WPC	F	0.01%
AVTR	F	0.01%
CCEP	C	0.01%
CG	B	0.01%
ZM	B	0.01%
ACM	B	0.01%
AGCO	F	0.01%
CHRD	D	0.01%
CCK	D	0.01%
SE	B	0.01%
SSNC	C	0.01%
WFG	C	0.01%
KNX	C	0.01%
MRVL	B	0.01%
BSY	F	0.01%
FNF	C	0.01%
EQH	B	0.01%
CRBG	C	0.01%
SQ	B	0.01%
MELI	D	0.01%
GLBE	B	0.0%
IOT	B	0.0%
NET	B	0.0%
XRX	F	0.0%
TOST	A	0.0%
RBLX	B	0.0%
DKNG	B	0.0%
DDOG	B	0.0%
SNAP	C	0.0%
H	B	0.0%
PSTG	D	0.0%
HEI	A	0.0%
FUTU	C	0.0%
DT	C	0.0%
DOCU	B	0.0%
SNOW	C	0.0%
GRAB	B	0.0%
PINS	F	0.0%
MSTR	B	0.0%
EXAS	F	0.0%
ROKU	C	0.0%
OKTA	C	0.0%
APP	B	0.0%
LII	B	0.0%
Z	B	0.0%
HOOD	B	0.0%
ELS	B	0.0%
TTD	B	0.0%
HEI	A	0.0%
TW	B	0.0%
RIVN	F	0.0%
ENTG	F	0.0%
WLK	F	0.0%
VRT	B	0.0%
QGEN	D	0.0%
AMH	C	0.0%
OTEX	F	0.0%
BIO	C	0.0%
DASH	A	0.0%
ILMN	C	0.0%

QWLD Underweight 18 Positions Relative to SHUS

Symbol	Grade	Weight
BWA	B	-0.41%
RL	B	-0.32%
TPR	A	-0.32%
UAL	A	-0.28%
HAS	D	-0.25%
TEL	B	-0.19%
GL	B	-0.19%
MHK	D	-0.18%
MTD	F	-0.14%
NWS	B	-0.1%
NCLH	B	-0.09%
BLK	A	-0.09%
IVZ	B	-0.09%
GNRC	B	-0.08%
FMC	F	-0.08%
CZR	F	-0.07%
PNW	A	-0.07%
FRT	B	-0.06%