QWLD vs. SUSL ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares ESG MSCI USA Leaders ETF (SUSL)

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

$127.98

Average Daily Volume

4,478

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

SUSL

iShares ESG MSCI USA Leaders ETF

SUSL Description

The investment seeks to track the investment results of the MSCI Japan Equal Weighted Index (USD) composed of equal weighted Japanese equities. The index is designed to represent an alternative weighting methodology to its market capitalization-weighted parent index, the MSCI Japan Index (the "parent index"). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$100.46

Average Daily Volume

29,511

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	SUSL
30 Days	-0.07%	1.30%
60 Days	5.99%	6.89%
90 Days	5.73%	2.23%
12 Months	29.24%	34.73%

279 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in SUSL	Overlap
	A	B	0.07%	0.16%	0.07%
	ACGL	A	0.28%	0.16%	0.16%
	ACI	F	0.02%	0.03%	0.02%
	ACN	B	0.62%	0.84%	0.62%
	ADBE	F	0.44%	0.86%	0.44%
	ADP	A	0.24%	0.42%	0.24%
	ADSK	C	0.09%	0.22%	0.09%
	AFL	A	0.12%	0.22%	0.12%
	AIZ	A	0.07%	0.04%	0.04%
	AKAM	D	0.13%	0.06%	0.06%
	ALGN	D	0.01%	0.07%	0.01%
	ALL	C	0.07%	0.19%	0.07%
	ALLE	A	0.02%	0.05%	0.02%
	ALLY	F	0.01%	0.04%	0.01%
	AMAT	D	0.33%	0.65%	0.33%
	AMD	D	0.04%	1.02%	0.04%
	AMGN	D	0.19%	0.64%	0.19%
	AMP	A	0.08%	0.17%	0.08%
	AMT	C	0.03%	0.41%	0.03%
	ANSS	D	0.0%	0.11%	0.0%
	APD	C	0.03%	0.25%	0.03%
	APTV	D	0.02%	0.07%	0.02%
	ATO	A	0.01%	0.08%	0.01%
	AVTR	D	0.01%	0.07%	0.01%
	AVY	B	0.03%	0.07%	0.03%
	AWK	C	0.01%	0.11%	0.01%
	AXON	A	0.0%	0.11%	0.0%
	AXP	A	0.06%	0.58%	0.06%
	AZO	D	0.27%	0.2%	0.2%
	BALL	B	0.01%	0.08%	0.01%
	BBWI	F	0.0%	0.03%	0.0%
	BBY	B	0.06%	0.08%	0.06%
	BEN	F	0.01%	0.02%	0.01%
	BG	D	0.03%	0.05%	0.03%
	BIIB	F	0.02%	0.11%	0.02%
	BK	C	0.05%	0.2%	0.05%
	BKNG	C	0.02%	0.54%	0.02%
	BKR	B	0.02%	0.13%	0.02%
	BLK	B	0.22%	0.53%	0.22%
	BMY	B	0.19%	0.38%	0.19%
	BR	B	0.04%	0.09%	0.04%
	BURL	D	0.01%	0.07%	0.01%
	BXP	C	0.01%	0.04%	0.01%
	CAG	B	0.05%	0.06%	0.05%
	CARR	C	0.02%	0.24%	0.02%
	CAT	A	0.35%	0.72%	0.35%
	CBOE	B	0.25%	0.08%	0.08%
	CBRE	A	0.03%	0.14%	0.03%
	CCI	A	0.02%	0.19%	0.02%
	CDNS	D	0.12%	0.28%	0.12%
	CFG	D	0.03%	0.07%	0.03%
	CHD	B	0.18%	0.09%	0.09%
	CHRW	A	0.01%	0.05%	0.01%
	CHTR	D	0.05%	0.11%	0.05%
	CI	C	0.19%	0.37%	0.19%
	CL	D	0.22%	0.3%	0.22%
	CLX	B	0.01%	0.08%	0.01%
	CMCSA	B	0.16%	0.6%	0.16%
	CMI	B	0.08%	0.17%	0.08%
	CMS	A	0.05%	0.08%	0.05%
	CNH	C	0.01%	0.04%	0.01%
	COF	C	0.08%	0.21%	0.08%
	CPB	D	0.1%	0.04%	0.04%
	CRM	C	0.05%	1.01%	0.05%
	CSX	D	0.11%	0.25%	0.11%
	CTAS	C	0.13%	0.28%	0.13%
	CTLT	B	0.01%	0.04%	0.01%
	DAL	B	0.01%	0.03%	0.01%
	DASH	B	0.0%	0.16%	0.0%
	DAY	C	0.0%	0.03%	0.0%
	DE	A	0.06%	0.4%	0.06%
	DECK	C	0.04%	0.09%	0.04%
	DFS	C	0.03%	0.13%	0.03%
	DGX	C	0.1%	0.06%	0.06%
	DHI	B	0.12%	0.21%	0.12%
	DHR	B	0.06%	0.69%	0.06%
	DINO	F	0.05%	0.03%	0.03%
	DIS	D	0.08%	0.65%	0.08%
	DLR	C	0.02%	0.2%	0.02%
	DOC	B	0.01%	0.06%	0.01%
	DOCU	B	0.0%	0.05%	0.0%
	DOV	C	0.04%	0.1%	0.04%
	DPZ	D	0.06%	0.06%	0.06%
	DRI	C	0.03%	0.08%	0.03%
	DVA	B	0.01%	0.03%	0.01%
	DXCM	F	0.0%	0.1%	0.0%
	EA	D	0.17%	0.14%	0.14%
	EBAY	A	0.01%	0.12%	0.01%
	ECL	A	0.01%	0.25%	0.01%
	ED	A	0.37%	0.13%	0.13%
	EIX	A	0.03%	0.12%	0.03%
	ELV	F	0.27%	0.45%	0.27%
	EME	C	0.04%	0.08%	0.04%
	ENPH	D	0.03%	0.06%	0.03%
	EQH	C	0.01%	0.05%	0.01%
	EQIX	B	0.01%	0.31%	0.01%
	ES	A	0.02%	0.09%	0.02%
	ETN	C	0.03%	0.5%	0.03%
	EW	F	0.07%	0.15%	0.07%
	EXC	A	0.03%	0.15%	0.03%
	EXPD	B	0.04%	0.07%	0.04%
	FDS	C	0.03%	0.06%	0.03%
	FICO	C	0.04%	0.18%	0.04%
	FIS	C	0.02%	0.17%	0.02%
	FOX	A	0.01%	0.02%	0.01%
	FOXA	A	0.01%	0.04%	0.01%
	FSLR	C	0.01%	0.1%	0.01%
	FTV	B	0.01%	0.1%	0.01%
	GE	C	0.33%	0.76%	0.33%
	GEHC	B	0.02%	0.15%	0.02%
	GGG	B	0.03%	0.05%	0.03%
	GILD	A	0.23%	0.39%	0.23%
	GIS	B	0.38%	0.16%	0.16%
	GOOG	C	0.87%	3.12%	0.87%
	GOOGL	C	0.99%	3.6%	0.99%
	GPC	D	0.06%	0.07%	0.06%
	GWW	A	0.1%	0.17%	0.1%
	HAL	F	0.02%	0.09%	0.02%
	HBAN	C	0.03%	0.08%	0.03%
	HCA	A	0.04%	0.3%	0.04%
	HD	A	0.14%	1.48%	0.14%
	HIG	A	0.03%	0.13%	0.03%
	HLT	B	0.01%	0.22%	0.01%
	HOLX	D	0.01%	0.07%	0.01%
	HPE	C	0.03%	0.1%	0.03%
	HPQ	C	0.04%	0.14%	0.04%
	HRL	F	0.1%	0.04%	0.04%
	HSIC	C	0.01%	0.03%	0.01%
	HUM	F	0.17%	0.14%	0.14%
	IBM	C	0.49%	0.77%	0.49%
	ICE	A	0.03%	0.34%	0.03%
	IDXX	D	0.09%	0.16%	0.09%
	IEX	D	0.02%	0.06%	0.02%
	IFF	C	0.01%	0.1%	0.01%
	INTC	D	0.09%	0.38%	0.09%
	INTU	F	0.24%	0.67%	0.24%
	IP	B	0.02%	0.06%	0.02%
	IPG	C	0.02%	0.04%	0.02%
	IQV	F	0.01%	0.16%	0.01%
	IR	B	0.01%	0.15%	0.01%
	IRM	B	0.01%	0.13%	0.01%
	IT	C	0.03%	0.15%	0.03%
	ITW	B	0.13%	0.29%	0.13%
	JBHT	D	0.03%	0.05%	0.03%
	JCI	B	0.03%	0.19%	0.03%
	JNJ	C	1.15%	1.46%	1.15%
	JNPR	C	0.13%	0.05%	0.05%
	K	B	0.22%	0.08%	0.08%
	KDP	C	0.16%	0.15%	0.15%
	KEY	C	0.02%	0.06%	0.02%
	KEYS	C	0.17%	0.1%	0.1%
	KMB	B	0.12%	0.18%	0.12%
	KMX	D	0.01%	0.05%	0.01%
	KNX	C	0.01%	0.03%	0.01%
	KO	B	0.64%	1.1%	0.64%
	KR	B	0.3%	0.14%	0.14%
	LII	C	0.0%	0.07%	0.0%
	LIN	B	0.06%	0.87%	0.06%
	LKQ	F	0.01%	0.04%	0.01%
	LLY	D	1.39%	2.76%	1.39%
	LNG	D	0.05%	0.15%	0.05%
	LOW	A	0.07%	0.57%	0.07%
	LPLA	D	0.03%	0.06%	0.03%
	LRCX	F	0.2%	0.42%	0.2%
	LULU	D	0.06%	0.12%	0.06%
	LW	D	0.0%	0.04%	0.0%
	LYB	D	0.03%	0.09%	0.03%
	MA	A	0.67%	1.53%	0.67%
	MANH	C	0.04%	0.07%	0.04%
	MCD	A	0.42%	0.82%	0.42%
	MCO	C	0.13%	0.29%	0.13%
	MELI	C	0.01%	0.36%	0.01%
	MKC	B	0.01%	0.08%	0.01%
	MKTX	C	0.02%	0.04%	0.02%
	MLM	D	0.01%	0.12%	0.01%
	MMC	D	0.51%	0.42%	0.42%
	MMM	B	0.14%	0.29%	0.14%
	MOH	D	0.07%	0.07%	0.07%
	MPC	F	0.18%	0.22%	0.18%
	MRK	F	0.5%	1.08%	0.5%
	MRVL	C	0.01%	0.24%	0.01%
	MS	B	0.09%	0.48%	0.09%
	MSFT	C	2.36%	11.46%	2.36%
	NBIX	F	0.11%	0.04%	0.04%
	NDAQ	C	0.01%	0.12%	0.01%
	NEM	C	0.05%	0.24%	0.05%
	NI	A	0.01%	0.06%	0.01%
	NKE	D	0.19%	0.41%	0.19%
	NOW	C	0.01%	0.68%	0.01%
	NRG	A	0.01%	0.07%	0.01%
	NTAP	D	0.04%	0.1%	0.04%
	NTRS	C	0.01%	0.07%	0.01%
	NUE	D	0.04%	0.14%	0.04%
	NVDA	C	2.04%	11.48%	2.04%
	NVR	A	0.07%	0.11%	0.07%
	NXPI	F	0.02%	0.23%	0.02%
	OC	B	0.03%	0.06%	0.03%
	ODFL	D	0.07%	0.14%	0.07%
	OKE	C	0.03%	0.2%	0.03%
	OMC	A	0.04%	0.08%	0.04%
	ORLY	A	0.22%	0.26%	0.22%
	PANW	D	0.16%	0.41%	0.16%
	PAYX	A	0.09%	0.16%	0.09%
	PEP	D	0.83%	0.88%	0.83%
	PFG	C	0.02%	0.08%	0.02%
	PG	C	0.96%	1.54%	0.96%
	PGR	C	0.34%	0.56%	0.34%
	PHM	A	0.07%	0.11%	0.07%
	PLD	D	0.05%	0.44%	0.05%
	PNC	C	0.08%	0.27%	0.08%
	PNR	A	0.03%	0.06%	0.03%
	PODD	C	0.0%	0.06%	0.0%
	POOL	B	0.03%	0.05%	0.03%
	PPG	D	0.01%	0.12%	0.01%
	PRU	C	0.04%	0.16%	0.04%
	PSX	F	0.14%	0.21%	0.14%
	PTC	D	0.07%	0.08%	0.07%
	PWR	B	0.01%	0.16%	0.01%
	PYPL	B	0.04%	0.3%	0.04%
	RCL	C	0.0%	0.17%	0.0%
	RF	C	0.03%	0.08%	0.03%
	RIVN	F	0.0%	0.03%	0.0%
	RJF	B	0.01%	0.09%	0.01%
	ROK	D	0.05%	0.12%	0.05%
	SBAC	B	0.01%	0.1%	0.01%
	SCHW	D	0.03%	0.36%	0.03%
	SJM	B	0.08%	0.05%	0.05%
	SLB	F	0.03%	0.22%	0.03%
	SNPS	F	0.12%	0.3%	0.12%
	SOLV	D	0.03%	0.04%	0.03%
	SPGI	C	0.04%	0.62%	0.04%
	SRE	A	0.03%	0.19%	0.03%
	STE	D	0.01%	0.09%	0.01%
	STLD	C	0.02%	0.07%	0.02%
	STT	C	0.03%	0.1%	0.03%
	STX	B	0.01%	0.08%	0.01%
	SW	B	0.02%	0.1%	0.02%
	SYF	C	0.03%	0.07%	0.03%
	TECH	B	0.0%	0.05%	0.0%
	TFC	D	0.08%	0.21%	0.08%
	TFX	B	0.01%	0.04%	0.01%
	TGT	C	0.15%	0.27%	0.15%
	TJX	C	0.34%	0.5%	0.34%
	TRGP	C	0.03%	0.12%	0.03%
	TRMB	B	0.01%	0.06%	0.01%
	TROW	D	0.05%	0.09%	0.05%
	TRU	C	0.01%	0.08%	0.01%
	TRV	C	0.27%	0.2%	0.2%
	TSCO	A	0.05%	0.12%	0.05%
	TSLA	B	0.12%	2.74%	0.12%
	TT	A	0.14%	0.33%	0.14%
	TTC	D	0.02%	0.03%	0.02%
	TTWO	F	0.01%	0.1%	0.01%
	TWLO	C	0.0%	0.04%	0.0%
	TXN	C	0.48%	0.72%	0.48%
	ULTA	D	0.07%	0.07%	0.07%
	UNP	C	0.27%	0.56%	0.27%
	UPS	D	0.06%	0.37%	0.06%
	URI	B	0.02%	0.2%	0.02%
	USB	C	0.08%	0.27%	0.08%
	V	C	1.11%	1.61%	1.11%
	VLO	F	0.07%	0.17%	0.07%
	VLTO	C	0.05%	0.1%	0.05%
	VZ	A	0.6%	0.71%	0.6%
	WAT	B	0.04%	0.08%	0.04%
	WBA	F	0.04%	0.02%	0.02%
	WDAY	D	0.04%	0.2%	0.04%
	WDC	C	0.01%	0.09%	0.01%
	WELL	B	0.02%	0.28%	0.02%
	WMB	A	0.16%	0.21%	0.16%
	WSM	C	0.04%	0.07%	0.04%
	WST	D	0.03%	0.08%	0.03%
	WTRG	D	0.01%	0.04%	0.01%
	WTW	A	0.07%	0.11%	0.07%
	WY	B	0.02%	0.09%	0.02%
	XYL	B	0.01%	0.12%	0.01%
	YUM	B	0.14%	0.15%	0.14%
	ZBH	F	0.01%	0.08%	0.01%
	ZTS	B	0.16%	0.33%	0.16%

QWLD Overweight 326 Positions Relative to SUSL

	Symbol	Grade	Weight
	AAPL	C	2.55%
	META	A	2.11%
	UNH	B	1.29%
	CSCO	A	0.92%
	NVS	D	0.88%
	COST	C	0.76%
	WMT	A	0.72%
	BRK.A	C	0.7%
	TMUS	A	0.64%
	MSI	A	0.58%
	JPM	D	0.52%
	ROP	C	0.49%
	WM	D	0.49%
	MCK	F	0.47%
	SO	A	0.47%
	XOM	B	0.46%
	NFLX	C	0.46%
	LMT	A	0.45%
	REGN	D	0.44%
	RSG	D	0.44%
	VRTX	D	0.42%
	APH	D	0.4%
	ABBV	A	0.4%
	CB	A	0.4%
	DUK	B	0.37%
	T	A	0.36%
	AMZN	C	0.35%
	NOC	B	0.34%
	QCOM	D	0.33%
	BAC	D	0.33%
	UL	B	0.3%
	CVX	D	0.29%
	WCN	D	0.26%
	ORCL	C	0.23%
	HON	B	0.23%
	ISRG	C	0.23%
	KHC	B	0.22%
	C	B	0.22%
	WFC	D	0.21%
	PFE	D	0.21%
	GDDY	D	0.21%
	MFG	D	0.2%
	CTSH	C	0.2%
	GD	A	0.19%
	CHKP	C	0.19%
	WEC	A	0.19%
	ANET	B	0.19%
	HSY	D	0.18%
	KLAC	D	0.18%
	AJG	D	0.18%
	CVS	D	0.17%
	ERIE	A	0.16%
	BAH	A	0.16%
	L	D	0.16%
	MDLZ	C	0.16%
	FFIV	C	0.15%
	TM	D	0.15%
	CME	A	0.15%
	AON	A	0.15%
	GM	D	0.15%
	ABBV	A	0.15%
	TD	C	0.14%
	VRSN	C	0.14%
	SHW	B	0.14%
	UTHR	B	0.14%
	GS	D	0.14%
	DEO	C	0.13%
	BRO	A	0.13%
	E	D	0.13%
	CMG	C	0.13%
	WRB	B	0.13%
	TSN	D	0.13%
	AVGO	C	0.12%
	MKL	B	0.12%
	CAH	B	0.12%
	INCY	B	0.12%
	MUFG	D	0.12%
	CF	A	0.12%
	CNI	D	0.11%
	COP	D	0.1%
	PCAR	D	0.1%
	FCNCA	D	0.1%
	BCS	C	0.1%
	CDW	D	0.09%
	RTX	A	0.09%
	FANG	F	0.09%
	SMFG	D	0.09%
	F	D	0.09%
	ABT	C	0.09%
	STLA	F	0.09%
	PSA	C	0.09%
	LYG	C	0.09%
	LEN	B	0.09%
	KVUE	C	0.08%
	XEL	A	0.08%
	FAST	C	0.08%
	ROL	B	0.08%
	SONY	B	0.08%
	AMCR	A	0.08%
	HMC	D	0.08%
	AEE	A	0.08%
	TEL	D	0.08%
	AIG	F	0.07%
	MCHP	F	0.07%
	TMO	C	0.07%
	CPRT	B	0.07%
	AEP	B	0.07%
	BDX	B	0.07%
	BMRN	F	0.07%
	WBD	D	0.06%
	D	A	0.06%
	MDT	A	0.06%
	EG	B	0.06%
	CNC	F	0.06%
	NEE	A	0.06%
	FDX	D	0.06%
	MPWR	C	0.06%
	JKHY	A	0.06%
	MNST	D	0.06%
	LOGI	D	0.06%
	PM	B	0.06%
	MT	B	0.05%
	MET	A	0.05%
	BTI	C	0.05%
	BLDR	B	0.05%
	TDY	B	0.05%
	ADM	D	0.05%
	RMD	C	0.05%
	EOG	D	0.05%
	OXY	F	0.04%
	SMCI	F	0.04%
	MO	B	0.04%
	MU	D	0.04%
	HUBB	A	0.04%
	MTB	C	0.04%
	ADI	C	0.04%
	TPL	B	0.04%
	DOW	B	0.04%
	CTVA	B	0.04%
	GRMN	D	0.04%
	VEEV	C	0.04%
	DKS	D	0.03%
	FCX	B	0.03%
	VTRS	D	0.03%
	NSC	B	0.03%
	DVN	F	0.03%
	SYY	B	0.03%
	LNT	A	0.03%
	APA	F	0.03%
	SNA	B	0.03%
	SYK	C	0.03%
	SWKS	F	0.03%
	KMI	A	0.03%
	WSO	B	0.03%
	CSL	A	0.03%
	TER	D	0.03%
	PCG	B	0.03%
	FITB	C	0.03%
	PKG	A	0.03%
	SBUX	B	0.03%
	NMR	F	0.02%
	PAYC	D	0.02%
	SWK	A	0.02%
	BAX	D	0.02%
	CINF	A	0.02%
	OVV	F	0.02%
	SPG	A	0.02%
	CHK	C	0.02%
	MOS	F	0.02%
	GEV	A	0.02%
	PH	B	0.02%
	DTE	A	0.02%
	AER	C	0.02%
	EPAM	F	0.02%
	ROST	C	0.02%
	CTRA	D	0.02%
	AOS	B	0.02%
	AFG	B	0.02%
	CEG	B	0.02%
	GLW	C	0.02%
	MRO	D	0.02%
	KKR	C	0.02%
	GPN	F	0.02%
	NDSN	B	0.02%
	VICI	C	0.02%
	PEG	A	0.02%
	BSX	A	0.02%
	DD	B	0.02%
	ETR	A	0.02%
	BX	C	0.02%
	LHX	A	0.02%
	EMR	B	0.02%
	O	A	0.02%
	MGM	D	0.01%
	OTEX	D	0.01%
	CCL	C	0.01%
	CPT	C	0.01%
	RPM	C	0.01%
	UHAL	A	0.01%
	RPRX	B	0.01%
	NWSA	D	0.01%
	GLPI	B	0.01%
	FTNT	C	0.01%
	HST	D	0.01%
	CG	C	0.01%
	REG	B	0.01%
	QRVO	F	0.01%
	HWM	A	0.01%
	ZM	B	0.01%
	SUI	C	0.01%
	MBAVU	D	0.01%
	MAS	A	0.01%
	ACM	B	0.01%
	ESS	C	0.01%
	EL	D	0.01%
	INVH	D	0.01%
	WPC	C	0.01%
	CPAY	A	0.01%
	ZBRA	C	0.01%
	CCEP	D	0.01%
	HII	D	0.01%
	MAA	C	0.01%
	SE	A	0.01%
	EXPE	B	0.01%
	EFX	D	0.01%
	AGCO	D	0.01%
	CCK	A	0.01%
	CHRD	F	0.01%
	STZ	B	0.01%
	ALB	D	0.01%
	SSNC	C	0.01%
	ABNB	D	0.01%
	VMC	D	0.01%
	VST	A	0.01%
	LDOS	A	0.01%
	WFG	A	0.01%
	VTR	B	0.01%
	KIM	C	0.01%
	ARE	D	0.01%
	OTIS	A	0.01%
	TDG	A	0.01%
	DLTR	F	0.01%
	TXT	D	0.01%
	EMN	B	0.01%
	AES	B	0.01%
	MAR	B	0.01%
	DELL	D	0.01%
	AME	D	0.01%
	BSY	D	0.01%
	CNP	B	0.01%
	CRBG	C	0.01%
	EQR	C	0.01%
	TAP	D	0.01%
	FNF	A	0.01%
	WAB	A	0.01%
	HES	D	0.01%
	J	D	0.01%
	EVRG	B	0.01%
	AVB	C	0.01%
	CE	D	0.01%
	APO	A	0.01%
	UBER	C	0.01%
	EQT	C	0.01%
	SQ	D	0.01%
	MRNA	F	0.01%
	UHS	D	0.01%
	SEIC	B	0.01%
	PARA	F	0.01%
	PPL	A	0.01%
	ON	F	0.01%
	FE	A	0.01%
	DG	F	0.01%
	JBL	D	0.01%
	RS	D	0.01%
	BA	F	0.01%
	EXR	C	0.01%
	GLBE	C	0.0%
	IOT	C	0.0%
	NET	D	0.0%
	TOST	B	0.0%
	RBLX	C	0.0%
	XRX	F	0.0%
	DDOG	D	0.0%
	DKNG	D	0.0%
	SNAP	D	0.0%
	FUTU	A	0.0%
	MSTR	C	0.0%
	H	C	0.0%
	PSTG	F	0.0%
	HEI	C	0.0%
	GRAB	B	0.0%
	DT	C	0.0%
	PINS	D	0.0%
	SNOW	F	0.0%
	WYNN	B	0.0%
	APP	B	0.0%
	HOOD	C	0.0%
	CRWD	D	0.0%
	ROKU	D	0.0%
	OKTA	F	0.0%
	TTD	C	0.0%
	TYL	C	0.0%
	EXAS	C	0.0%
	TW	A	0.0%
	PLTR	C	0.0%
	Z	C	0.0%
	ELS	D	0.0%
	HEI	C	0.0%
	LYV	A	0.0%
	LUV	C	0.0%
	VRT	B	0.0%
	ENTG	D	0.0%
	LVS	B	0.0%
	MSCI	B	0.0%
	COIN	F	0.0%
	QGEN	D	0.0%
	WLK	B	0.0%
	ILMN	C	0.0%
	BIO	B	0.0%
	MTCH	C	0.0%
	CRL	F	0.0%
	CSGP	F	0.0%
	ARES	B	0.0%
	UDR	C	0.0%
	VRSK	D	0.0%
	AMH	D	0.0%

QWLD Underweight 14 Positions Relative to SUSL

	Symbol	Grade	Weight
	FI	A	-0.39%
	CRH	C	-0.24%
	COR	F	-0.15%
	FERG	F	-0.15%
	MTD	B	-0.12%
	HUBS	D	-0.1%
	TEAM	D	-0.1%
	COO	C	-0.08%
	LH	D	-0.07%
	GEN	A	-0.06%
	ZS	F	-0.06%
	NLY	C	-0.04%
	FBIN	B	-0.04%
	AZPN	C	-0.03%

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

SUSL: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Diagnostics & Research Specialty Retail Business Services Capital Markets Packaged Foods Asset Management Banks - Regional - US Credit Services Drug Manufacturers - Major Semiconductors Specialty Chemicals Household & Personal Products Medical Instruments & Supplies Health Care Plans Insurance - Diversified Integrated Shipping & Logistics Medical Devices Oil & Gas Midstream

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Natural Gas Chemical Bank Banking Medicine Mining Beverage Electronics Investment Bank Telecommunications Building Materials Cloud Computing Disability Electricity Financial Products