QWLD vs. TOK ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares MSCI KLD 400 Social ETF (TOK)

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

$128.34

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

TOK

iShares MSCI KLD 400 Social ETF

TOK Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Kokusai Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is designed to measure equity market performance in those countries that MSCI Inc. ("MSCI") has classified as having developed economies, excluding Japan ("DEEJ").

Grade (RS Rating)

Last Trade

$115.71

Average Daily Volume

17,724

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	TOK
30 Days	1.99%	2.38%
60 Days	4.87%	4.39%
90 Days	6.69%	5.44%
12 Months	25.27%	28.97%

574 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in TOK	Overlap
A	C	0.07%	0.06%	0.06%
AAPL	C	2.56%	4.87%	2.56%
ABBV	C	0.41%	0.53%	0.41%
ABBV	C	0.15%	0.53%	0.15%
ABNB	D	0.01%	0.08%	0.01%
ABT	C	0.09%	0.32%	0.09%
ACGL	C	0.28%	0.07%	0.07%
ACI	F	0.02%	0.01%	0.01%
ACM	B	0.01%	0.02%	0.01%
ACN	C	0.65%	0.33%	0.33%
ADBE	F	0.49%	0.36%	0.36%
ADI	C	0.04%	0.17%	0.04%
ADM	D	0.05%	0.05%	0.05%
ADP	B	0.24%	0.18%	0.18%
ADSK	C	0.08%	0.09%	0.08%
AEE	C	0.08%	0.04%	0.04%
AEP	C	0.07%	0.08%	0.07%
AES	C	0.01%	0.02%	0.01%
AFG	B	0.02%	0.01%	0.01%
AFL	C	0.12%	0.09%	0.09%
AIG	D	0.07%	0.08%	0.07%
AIZ	B	0.07%	0.02%	0.02%
AJG	D	0.19%	0.1%	0.1%
AKAM	D	0.12%	0.02%	0.02%
ALB	D	0.01%	0.02%	0.01%
ALGN	D	0.0%	0.03%	0.0%
ALL	B	0.07%	0.08%	0.07%
ALLE	B	0.02%	0.02%	0.02%
ALLY	F	0.01%	0.01%	0.01%
AMAT	D	0.32%	0.24%	0.24%
AMCR	B	0.08%	0.03%	0.03%
AMD	D	0.04%	0.38%	0.04%
AME	C	0.01%	0.06%	0.01%
AMGN	B	0.19%	0.28%	0.19%
AMH	C	0.01%	0.02%	0.01%
AMP	A	0.07%	0.07%	0.07%
AMT	C	0.03%	0.17%	0.03%
AMZN	C	0.34%	2.7%	0.34%
ANET	B	0.18%	0.15%	0.15%
ANSS	D	0.0%	0.04%	0.0%
AON	B	0.16%	0.11%	0.11%
AOS	D	0.02%	0.01%	0.01%
APA	F	0.03%	0.02%	0.02%
APD	B	0.02%	0.1%	0.02%
APH	D	0.38%	0.12%	0.12%
APO	C	0.01%	0.07%	0.01%
APP	C	0.0%	0.04%	0.0%
APTV	D	0.01%	0.03%	0.01%
ARE	C	0.01%	0.03%	0.01%
ARES	B	0.0%	0.04%	0.0%
ATO	B	0.01%	0.03%	0.01%
AVB	B	0.01%	0.05%	0.01%
AVGO	C	0.11%	1.11%	0.11%
AVTR	B	0.01%	0.03%	0.01%
AVY	C	0.03%	0.03%	0.03%
AWK	B	0.01%	0.04%	0.01%
AXON	B	0.0%	0.04%	0.0%
AXP	B	0.06%	0.24%	0.06%
AZO	D	0.29%	0.08%	0.08%
BA	F	0.02%	0.14%	0.02%
BAC	D	0.33%	0.43%	0.33%
BAH	C	0.15%	0.03%	0.03%
BALL	C	0.01%	0.03%	0.01%
BAX	C	0.02%	0.03%	0.02%
BBWI	F	0.0%	0.01%	0.0%
BBY	C	0.06%	0.03%	0.03%
BDX	D	0.08%	0.1%	0.08%
BEN	F	0.01%	0.01%	0.01%
BG	D	0.03%	0.02%	0.02%
BIIB	F	0.02%	0.04%	0.02%
BIO	C	0.0%	0.01%	0.0%
BK	B	0.05%	0.08%	0.05%
BKNG	C	0.02%	0.21%	0.02%
BKR	C	0.02%	0.05%	0.02%
BLDR	C	0.04%	0.04%	0.04%
BLK	B	0.21%	0.21%	0.21%
BMRN	F	0.09%	0.02%	0.02%
BMY	C	0.18%	0.16%	0.16%
BR	D	0.04%	0.04%	0.04%
BRK.A	C	0.71%	0.93%	0.71%
BRO	C	0.13%	0.04%	0.04%
BSX	B	0.02%	0.19%	0.02%
BSY	D	0.01%	0.01%	0.01%
BURL	B	0.01%	0.03%	0.01%
BX	B	0.02%	0.17%	0.02%
BXP	B	0.01%	0.02%	0.01%
C	D	0.21%	0.17%	0.17%
CAG	C	0.05%	0.02%	0.02%
CAH	C	0.12%	0.04%	0.04%
CARR	B	0.02%	0.1%	0.02%
CAT	B	0.32%	0.27%	0.27%
CB	B	0.4%	0.17%	0.17%
CBOE	C	0.26%	0.03%	0.03%
CBRE	A	0.03%	0.05%	0.03%
CCI	C	0.02%	0.08%	0.02%
CCK	A	0.01%	0.02%	0.01%
CCL	C	0.0%	0.03%	0.0%
CDNS	D	0.12%	0.12%	0.12%
CDW	D	0.09%	0.05%	0.05%
CE	F	0.01%	0.02%	0.01%
CEG	C	0.01%	0.1%	0.01%
CF	C	0.12%	0.02%	0.02%
CFG	C	0.03%	0.03%	0.03%
CG	D	0.01%	0.02%	0.01%
CHD	D	0.18%	0.04%	0.04%
CHK	D	0.02%	0.01%	0.01%
CHRD	F	0.01%	0.01%	0.01%
CHRW	B	0.01%	0.02%	0.01%
CHTR	D	0.05%	0.05%	0.05%
CI	C	0.2%	0.16%	0.16%
CINF	C	0.02%	0.03%	0.02%
CL	D	0.23%	0.13%	0.13%
CLX	C	0.01%	0.03%	0.01%
CMCSA	D	0.15%	0.24%	0.15%
CME	C	0.16%	0.12%	0.12%
CMG	C	0.13%	0.12%	0.12%
CMI	C	0.08%	0.06%	0.06%
CMS	C	0.05%	0.03%	0.03%
CNC	D	0.06%	0.06%	0.06%
CNH	D	0.01%	0.02%	0.01%
CNP	C	0.01%	0.03%	0.01%
COF	B	0.07%	0.09%	0.07%
COIN	F	0.0%	0.05%	0.0%
COP	D	0.09%	0.2%	0.09%
COST	B	0.76%	0.62%	0.62%
CPAY	B	0.01%	0.03%	0.01%
CPB	C	0.1%	0.01%	0.01%
CPRT	D	0.07%	0.07%	0.07%
CPT	B	0.01%	0.02%	0.01%
CRL	F	0.0%	0.02%	0.0%
CRM	D	0.04%	0.38%	0.04%
CRWD	D	0.0%	0.09%	0.0%
CSCO	C	0.88%	0.32%	0.32%
CSGP	D	0.0%	0.05%	0.0%
CSL	B	0.03%	0.03%	0.03%
CSX	D	0.11%	0.1%	0.1%
CTAS	B	0.14%	0.11%	0.11%
CTLT	B	0.01%	0.02%	0.01%
CTRA	F	0.02%	0.03%	0.02%
CTSH	C	0.2%	0.06%	0.06%
CTVA	B	0.04%	0.06%	0.04%
CVS	D	0.17%	0.11%	0.11%
CVX	D	0.28%	0.38%	0.28%
D	C	0.06%	0.08%	0.06%
DAL	C	0.01%	0.01%	0.01%
DASH	C	0.0%	0.06%	0.0%
DAY	D	0.0%	0.01%	0.0%
DD	B	0.02%	0.05%	0.02%
DDOG	D	0.0%	0.05%	0.0%
DE	B	0.06%	0.16%	0.06%
DECK	C	0.04%	0.04%	0.04%
DELL	D	0.01%	0.05%	0.01%
DFS	C	0.03%	0.05%	0.03%
DG	F	0.01%	0.03%	0.01%
DGX	B	0.1%	0.03%	0.03%
DHI	B	0.12%	0.09%	0.09%
DHR	B	0.06%	0.28%	0.06%
DINO	F	0.05%	0.01%	0.01%
DIS	D	0.07%	0.26%	0.07%
DKNG	C	0.0%	0.02%	0.0%
DKS	D	0.02%	0.02%	0.02%
DLR	B	0.02%	0.08%	0.02%
DLTR	F	0.01%	0.02%	0.01%
DOC	C	0.01%	0.02%	0.01%
DOCU	C	0.0%	0.02%	0.0%
DOV	B	0.04%	0.04%	0.04%
DOW	D	0.04%	0.06%	0.04%
DPZ	F	0.06%	0.02%	0.02%
DRI	B	0.03%	0.03%	0.03%
DT	C	0.0%	0.02%	0.0%
DTE	C	0.02%	0.04%	0.02%
DUK	C	0.37%	0.14%	0.14%
DVA	B	0.01%	0.01%	0.01%
DVN	F	0.03%	0.04%	0.03%
DXCM	F	0.0%	0.04%	0.0%
EA	D	0.18%	0.06%	0.06%
EBAY	B	0.01%	0.05%	0.01%
ECL	B	0.01%	0.1%	0.01%
ED	C	0.38%	0.05%	0.05%
EFX	B	0.01%	0.06%	0.01%
EG	C	0.06%	0.03%	0.03%
EIX	C	0.03%	0.05%	0.03%
EL	F	0.01%	0.03%	0.01%
ELS	C	0.0%	0.02%	0.0%
ELV	C	0.28%	0.2%	0.2%
EME	B	0.03%	0.03%	0.03%
EMN	B	0.01%	0.02%	0.01%
EMR	D	0.02%	0.09%	0.02%
ENPH	D	0.03%	0.02%	0.02%
ENTG	F	0.0%	0.03%	0.0%
EOG	D	0.05%	0.11%	0.05%
EPAM	F	0.02%	0.02%	0.02%
EQH	C	0.01%	0.02%	0.01%
EQIX	C	0.01%	0.12%	0.01%
EQR	B	0.01%	0.04%	0.01%
EQT	D	0.01%	0.03%	0.01%
ERIE	B	0.15%	0.02%	0.02%
ES	C	0.02%	0.04%	0.02%
ESS	B	0.01%	0.03%	0.01%
ETN	C	0.02%	0.19%	0.02%
ETR	B	0.02%	0.04%	0.02%
EVRG	B	0.01%	0.02%	0.01%
EW	F	0.07%	0.06%	0.06%
EXAS	C	0.0%	0.02%	0.0%
EXC	C	0.03%	0.06%	0.03%
EXPD	C	0.04%	0.03%	0.03%
EXPE	C	0.01%	0.03%	0.01%
EXR	B	0.01%	0.06%	0.01%
F	F	0.09%	0.06%	0.06%
FANG	D	0.08%	0.05%	0.05%
FAST	C	0.08%	0.06%	0.06%
FCNCA	D	0.09%	0.03%	0.03%
FCX	D	0.02%	0.1%	0.02%
FDS	C	0.02%	0.03%	0.02%
FDX	C	0.07%	0.11%	0.07%
FE	C	0.01%	0.04%	0.01%
FFIV	B	0.14%	0.02%	0.02%
FICO	B	0.04%	0.07%	0.04%
FIS	B	0.02%	0.08%	0.02%
FITB	B	0.03%	0.04%	0.03%
FNF	B	0.01%	0.02%	0.01%
FOX	B	0.01%	0.01%	0.01%
FOXA	B	0.01%	0.01%	0.01%
FSLR	C	0.01%	0.04%	0.01%
FTNT	C	0.01%	0.08%	0.01%
FTV	C	0.01%	0.04%	0.01%
GD	B	0.19%	0.11%	0.11%
GDDY	C	0.21%	0.03%	0.03%
GE	B	0.29%	0.3%	0.29%
GEHC	C	0.02%	0.06%	0.02%
GEV	B	0.02%	0.1%	0.02%
GGG	C	0.02%	0.02%	0.02%
GILD	B	0.22%	0.16%	0.16%
GIS	B	0.38%	0.07%	0.07%
GLPI	C	0.01%	0.02%	0.01%
GLW	C	0.02%	0.05%	0.02%
GM	C	0.15%	0.08%	0.08%
GOOG	D	0.83%	1.25%	0.83%
GOOGL	D	0.95%	1.44%	0.95%
GPC	D	0.06%	0.03%	0.03%
GPN	D	0.02%	0.04%	0.02%
GRMN	D	0.05%	0.04%	0.04%
GS	C	0.14%	0.24%	0.14%
GWW	B	0.1%	0.07%	0.07%
H	C	0.0%	0.01%	0.0%
HAL	F	0.01%	0.04%	0.01%
HBAN	B	0.03%	0.03%	0.03%
HCA	B	0.04%	0.12%	0.04%
HD	B	0.14%	0.59%	0.14%
HEI	B	0.0%	0.03%	0.0%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.03%	0.0%
HEI	B	0.0%	0.02%	0.0%
HES	F	0.01%	0.06%	0.01%
HIG	B	0.03%	0.05%	0.03%
HII	D	0.01%	0.02%	0.01%
HLT	B	0.01%	0.09%	0.01%
HOLX	C	0.01%	0.03%	0.01%
HON	D	0.24%	0.2%	0.2%
HOOD	C	0.0%	0.02%	0.0%
HPE	D	0.03%	0.04%	0.03%
HPQ	D	0.04%	0.05%	0.04%
HRL	C	0.1%	0.01%	0.01%
HSIC	C	0.01%	0.01%	0.01%
HST	C	0.01%	0.02%	0.01%
HSY	C	0.18%	0.05%	0.05%
HUBB	B	0.03%	0.03%	0.03%
HUM	F	0.18%	0.06%	0.06%
HWM	B	0.01%	0.06%	0.01%
IBM	B	0.48%	0.3%	0.3%
ICE	C	0.03%	0.14%	0.03%
IDXX	C	0.09%	0.06%	0.06%
IEX	D	0.02%	0.03%	0.02%
IFF	B	0.01%	0.04%	0.01%
ILMN	C	0.0%	0.03%	0.0%
INCY	C	0.12%	0.02%	0.02%
INTC	F	0.08%	0.14%	0.08%
INTU	C	0.25%	0.28%	0.25%
INVH	C	0.01%	0.04%	0.01%
IOT	B	0.0%	0.02%	0.0%
IP	B	0.02%	0.03%	0.02%
IPG	C	0.02%	0.02%	0.02%
IQV	C	0.01%	0.07%	0.01%
IR	C	0.01%	0.06%	0.01%
IRM	C	0.01%	0.05%	0.01%
ISRG	B	0.24%	0.27%	0.24%
IT	B	0.03%	0.06%	0.03%
ITW	C	0.12%	0.12%	0.12%
J	C	0.01%	0.03%	0.01%
JBHT	D	0.03%	0.02%	0.02%
JBL	D	0.01%	0.02%	0.01%
JCI	B	0.02%	0.08%	0.02%
JKHY	B	0.06%	0.02%	0.02%
JNJ	C	1.19%	0.62%	0.62%
JNPR	B	0.13%	0.02%	0.02%
JPM	D	0.52%	0.93%	0.52%
K	B	0.23%	0.04%	0.04%
KDP	B	0.16%	0.06%	0.06%
KEY	B	0.02%	0.02%	0.02%
KEYS	C	0.17%	0.04%	0.04%
KHC	C	0.22%	0.05%	0.05%
KIM	C	0.01%	0.03%	0.01%
KKR	B	0.02%	0.12%	0.02%
KLAC	D	0.18%	0.16%	0.16%
KMB	D	0.12%	0.07%	0.07%
KMI	B	0.03%	0.07%	0.03%
KMX	D	0.01%	0.02%	0.01%
KNX	C	0.01%	0.01%	0.01%
KO	C	0.65%	0.45%	0.45%
KR	C	0.28%	0.06%	0.06%
KVUE	C	0.08%	0.07%	0.07%
L	C	0.16%	0.02%	0.02%
LDOS	B	0.01%	0.03%	0.01%
LEN	B	0.09%	0.07%	0.07%
LHX	C	0.02%	0.07%	0.02%
LII	B	0.0%	0.03%	0.0%
LIN	B	0.06%	0.35%	0.06%
LKQ	F	0.01%	0.02%	0.01%
LLY	C	1.42%	1.13%	1.13%
LMT	C	0.45%	0.19%	0.19%
LNG	C	0.05%	0.06%	0.05%
LNT	B	0.03%	0.02%	0.02%
LOW	B	0.07%	0.23%	0.07%
LPLA	D	0.03%	0.03%	0.03%
LRCX	F	0.2%	0.15%	0.15%
LULU	D	0.06%	0.05%	0.05%
LUV	C	0.0%	0.01%	0.0%
LVS	D	0.0%	0.02%	0.0%
LW	D	0.0%	0.01%	0.0%
LYB	D	0.03%	0.04%	0.03%
LYV	B	0.0%	0.03%	0.0%
MA	B	0.67%	0.64%	0.64%
MAA	B	0.01%	0.03%	0.01%
MANH	B	0.04%	0.03%	0.03%
MAR	C	0.01%	0.09%	0.01%
MAS	B	0.01%	0.03%	0.01%
MCD	B	0.42%	0.33%	0.33%
MCHP	F	0.07%	0.06%	0.06%
MCK	F	0.49%	0.1%	0.1%
MCO	B	0.13%	0.12%	0.12%
MDLZ	B	0.17%	0.16%	0.16%
MDT	C	0.06%	0.18%	0.06%
MELI	B	0.01%	0.15%	0.01%
MET	B	0.04%	0.07%	0.04%
META	B	1.96%	1.81%	1.81%
MGM	F	0.01%	0.01%	0.01%
MKC	C	0.01%	0.03%	0.01%
MKL	C	0.12%	0.03%	0.03%
MKTX	C	0.02%	0.01%	0.01%
MLM	D	0.01%	0.05%	0.01%
MMC	C	0.53%	0.17%	0.17%
MMM	B	0.14%	0.11%	0.11%
MNST	D	0.06%	0.06%	0.06%
MO	C	0.04%	0.13%	0.04%
MOH	D	0.07%	0.03%	0.03%
MOS	F	0.02%	0.01%	0.01%
MPC	F	0.18%	0.09%	0.09%
MPWR	C	0.06%	0.06%	0.06%
MRK	D	0.51%	0.46%	0.46%
MRNA	F	0.02%	0.04%	0.02%
MRO	D	0.02%	0.03%	0.02%
MRVL	C	0.01%	0.1%	0.01%
MS	D	0.09%	0.19%	0.09%
MSCI	C	0.0%	0.07%	0.0%
MSFT	C	2.36%	4.74%	2.36%
MSI	B	0.58%	0.11%	0.11%
MSTR	D	0.0%	0.03%	0.0%
MTB	B	0.04%	0.04%	0.04%
MTCH	C	0.0%	0.02%	0.0%
MU	F	0.04%	0.15%	0.04%
NBIX	F	0.11%	0.02%	0.02%
NDAQ	A	0.01%	0.05%	0.01%
NDSN	C	0.02%	0.02%	0.02%
NEE	C	0.06%	0.27%	0.06%
NEM	B	0.04%	0.09%	0.04%
NET	D	0.0%	0.04%	0.0%
NFLX	B	0.45%	0.47%	0.45%
NI	B	0.01%	0.02%	0.01%
NKE	D	0.17%	0.15%	0.15%
NOC	B	0.33%	0.11%	0.11%
NOW	B	0.01%	0.28%	0.01%
NRG	C	0.01%	0.03%	0.01%
NSC	C	0.03%	0.08%	0.03%
NTAP	D	0.04%	0.04%	0.04%
NTRS	A	0.01%	0.03%	0.01%
NUE	F	0.04%	0.05%	0.04%
NVDA	D	2.1%	4.39%	2.1%
NVR	B	0.07%	0.05%	0.05%
NWSA	D	0.01%	0.02%	0.01%
NXPI	F	0.02%	0.09%	0.02%
O	C	0.03%	0.08%	0.03%
OC	D	0.03%	0.02%	0.02%
ODFL	D	0.07%	0.06%	0.06%
OKE	B	0.03%	0.08%	0.03%
OKTA	F	0.0%	0.02%	0.0%
OMC	B	0.04%	0.03%	0.03%
ON	D	0.01%	0.05%	0.01%
ORCL	C	0.22%	0.43%	0.22%
ORLY	C	0.22%	0.1%	0.1%
OTIS	C	0.01%	0.06%	0.01%
OVV	F	0.02%	0.02%	0.02%
OXY	F	0.03%	0.05%	0.03%
PANW	D	0.16%	0.17%	0.16%
PARA	F	0.01%	0.01%	0.01%
PAYC	D	0.02%	0.01%	0.01%
PAYX	C	0.09%	0.07%	0.07%
PCAR	D	0.09%	0.08%	0.08%
PCG	C	0.03%	0.06%	0.03%
PEG	C	0.02%	0.07%	0.02%
PEP	C	0.86%	0.37%	0.37%
PFE	C	0.21%	0.26%	0.21%
PFG	B	0.02%	0.03%	0.02%
PG	C	0.98%	0.64%	0.64%
PGR	B	0.34%	0.23%	0.23%
PH	B	0.02%	0.12%	0.02%
PHM	B	0.06%	0.05%	0.05%
PINS	F	0.0%	0.03%	0.0%
PKG	B	0.03%	0.03%	0.03%
PLD	C	0.05%	0.19%	0.05%
PLTR	B	0.0%	0.11%	0.0%
PM	C	0.07%	0.29%	0.07%
PNC	B	0.08%	0.11%	0.08%
PNR	B	0.02%	0.02%	0.02%
PODD	B	0.0%	0.02%	0.0%
POOL	C	0.03%	0.02%	0.02%
PPG	D	0.01%	0.05%	0.01%
PPL	C	0.01%	0.04%	0.01%
PRU	C	0.04%	0.07%	0.04%
PSA	B	0.09%	0.09%	0.09%
PSTG	F	0.0%	0.02%	0.0%
PSX	F	0.13%	0.09%	0.09%
PTC	D	0.07%	0.03%	0.03%
PWR	B	0.01%	0.06%	0.01%
PYPL	B	0.04%	0.11%	0.04%
QCOM	D	0.34%	0.29%	0.29%
QRVO	F	0.01%	0.01%	0.01%
RBLX	B	0.0%	0.03%	0.0%
RCL	B	0.0%	0.06%	0.0%
REG	C	0.01%	0.02%	0.01%
REGN	C	0.47%	0.19%	0.19%
RF	B	0.03%	0.03%	0.03%
RIVN	F	0.0%	0.02%	0.0%
RJF	C	0.01%	0.04%	0.01%
RMD	C	0.06%	0.06%	0.06%
ROK	D	0.05%	0.05%	0.05%
ROKU	C	0.0%	0.01%	0.0%
ROL	C	0.08%	0.02%	0.02%
ROP	C	0.49%	0.09%	0.09%
ROST	C	0.02%	0.08%	0.02%
RPM	B	0.01%	0.03%	0.01%
RPRX	C	0.01%	0.02%	0.01%
RS	D	0.01%	0.02%	0.01%
RSG	D	0.46%	0.07%	0.07%
RTX	C	0.09%	0.24%	0.09%
SBAC	C	0.01%	0.04%	0.01%
SBUX	C	0.04%	0.17%	0.04%
SCHW	D	0.03%	0.15%	0.03%
SEIC	C	0.01%	0.01%	0.01%
SHW	B	0.14%	0.14%	0.14%
SJM	C	0.08%	0.02%	0.02%
SLB	F	0.03%	0.09%	0.03%
SMCI	F	0.03%	0.03%	0.03%
SNA	C	0.03%	0.02%	0.02%
SNAP	F	0.0%	0.02%	0.0%
SNOW	F	0.0%	0.05%	0.0%
SNPS	F	0.11%	0.12%	0.11%
SO	B	0.47%	0.15%	0.15%
SOLV	C	0.03%	0.02%	0.02%
SPG	B	0.02%	0.08%	0.02%
SPGI	B	0.04%	0.26%	0.04%
SQ	D	0.01%	0.06%	0.01%
SRE	C	0.03%	0.08%	0.03%
SSNC	B	0.01%	0.03%	0.01%
STE	C	0.01%	0.04%	0.01%
STLD	F	0.02%	0.03%	0.02%
STT	B	0.03%	0.04%	0.03%
STX	C	0.01%	0.03%	0.01%
STZ	D	0.01%	0.06%	0.01%
SUI	B	0.01%	0.03%	0.01%
SW	B	0.02%	0.04%	0.02%
SWK	B	0.01%	0.02%	0.01%
SWKS	D	0.03%	0.03%	0.03%
SYF	C	0.03%	0.03%	0.03%
SYK	C	0.03%	0.19%	0.03%
SYY	D	0.03%	0.06%	0.03%
T	C	0.37%	0.24%	0.24%
TAP	D	0.01%	0.02%	0.01%
TDG	B	0.01%	0.12%	0.01%
TDY	B	0.05%	0.03%	0.03%
TECH	C	0.0%	0.02%	0.0%
TEL	D	0.08%	0.07%	0.07%
TER	D	0.03%	0.03%	0.03%
TFC	C	0.08%	0.09%	0.08%
TFX	C	0.01%	0.02%	0.01%
TGT	C	0.14%	0.11%	0.11%
TJX	B	0.35%	0.21%	0.21%
TMO	B	0.07%	0.36%	0.07%
TMUS	C	0.64%	0.17%	0.17%
TOST	C	0.0%	0.01%	0.0%
TPL	B	0.03%	0.03%	0.03%
TRGP	B	0.03%	0.05%	0.03%
TRMB	C	0.0%	0.02%	0.0%
TROW	D	0.05%	0.04%	0.04%
TRU	B	0.01%	0.03%	0.01%
TRV	C	0.27%	0.09%	0.09%
TSCO	C	0.05%	0.05%	0.05%
TSLA	C	0.11%	1.01%	0.11%
TSN	C	0.14%	0.03%	0.03%
TT	B	0.13%	0.13%	0.13%
TTC	D	0.02%	0.01%	0.01%
TTD	B	0.0%	0.07%	0.0%
TTWO	C	0.01%	0.04%	0.01%
TW	B	0.0%	0.02%	0.0%
TWLO	D	0.0%	0.02%	0.0%
TXN	C	0.49%	0.28%	0.28%
TXT	D	0.01%	0.03%	0.01%
TYL	C	0.0%	0.04%	0.0%
UBER	C	0.01%	0.21%	0.01%
UDR	C	0.0%	0.02%	0.0%
UHAL	A	0.01%	0.01%	0.01%
UHS	B	0.01%	0.02%	0.01%
ULTA	D	0.07%	0.03%	0.03%
UNH	C	1.36%	0.82%	0.82%
UNP	C	0.28%	0.24%	0.24%
UPS	D	0.07%	0.15%	0.07%
URI	B	0.02%	0.08%	0.02%
USB	B	0.08%	0.11%	0.08%
UTHR	C	0.14%	0.02%	0.02%
V	C	1.12%	0.71%	0.71%
VEEV	C	0.05%	0.05%	0.05%
VICI	C	0.02%	0.05%	0.02%
VLO	F	0.07%	0.07%	0.07%
VLTO	C	0.05%	0.04%	0.04%
VMC	D	0.01%	0.05%	0.01%
VRSK	D	0.01%	0.06%	0.01%
VRSN	D	0.14%	0.03%	0.03%
VRT	C	0.0%	0.05%	0.0%
VRTX	D	0.44%	0.19%	0.19%
VST	C	0.01%	0.05%	0.01%
VTR	C	0.01%	0.04%	0.01%
VTRS	D	0.03%	0.02%	0.02%
VZ	B	0.61%	0.28%	0.28%
WAB	A	0.01%	0.05%	0.01%
WAT	C	0.04%	0.03%	0.03%
WBA	F	0.04%	0.01%	0.01%
WBD	D	0.05%	0.03%	0.03%
WCN	D	0.28%	0.07%	0.07%
WDAY	D	0.04%	0.08%	0.04%
WDC	D	0.01%	0.03%	0.01%
WEC	C	0.2%	0.05%	0.05%
WELL	C	0.02%	0.12%	0.02%
WFC	D	0.2%	0.29%	0.2%
WLK	D	0.0%	0.01%	0.0%
WM	D	0.5%	0.12%	0.12%
WMB	B	0.15%	0.08%	0.08%
WMT	C	0.72%	0.54%	0.54%
WPC	C	0.01%	0.02%	0.01%
WRB	C	0.14%	0.03%	0.03%
WSM	D	0.04%	0.03%	0.03%
WSO	C	0.03%	0.03%	0.03%
WST	D	0.03%	0.03%	0.03%
WTRG	D	0.01%	0.02%	0.01%
WTW	C	0.07%	0.05%	0.05%
WY	C	0.02%	0.04%	0.02%
WYNN	D	0.0%	0.01%	0.0%
XEL	B	0.08%	0.05%	0.05%
XOM	C	0.44%	0.79%	0.44%
XYL	D	0.01%	0.05%	0.01%
YUM	D	0.15%	0.06%	0.06%
Z	B	0.0%	0.01%	0.0%
ZBH	F	0.01%	0.03%	0.01%
ZBRA	B	0.01%	0.03%	0.01%
ZM	C	0.01%	0.03%	0.01%
ZTS	C	0.16%	0.14%	0.14%

QWLD Overweight 33 Positions Relative to TOK

Symbol	Grade	Weight
NVS	C	0.89%
UL	C	0.3%
MFG	D	0.2%
CHKP	B	0.19%
TD	B	0.14%
TM	F	0.14%
E	C	0.13%
DEO	C	0.12%
MUFG	D	0.12%
CNI	D	0.11%
BCS	B	0.1%
SMFG	D	0.09%
STLA	F	0.09%
LYG	B	0.09%
HMC	D	0.08%
SONY	C	0.08%
LOGI	D	0.06%
BTI	C	0.05%
MT	D	0.04%
NMR	D	0.02%
AER	B	0.02%
OTEX	D	0.01%
MBAVU	C	0.01%
SE	B	0.01%
CCEP	B	0.01%
AGCO	D	0.01%
WFG	B	0.01%
CRBG	D	0.01%
GLBE	C	0.0%
XRX	D	0.0%
FUTU	D	0.0%
GRAB	C	0.0%
QGEN	C	0.0%

QWLD Underweight 20 Positions Relative to TOK

Symbol	Grade	Weight
FI	A	-0.16%
CRH	B	-0.1%
COR	D	-0.07%
ALNY	C	-0.06%
FLUT	B	-0.06%
FERG	D	-0.06%
MTD	D	-0.05%
HUBS	D	-0.04%
TEAM	D	-0.04%
MDB	D	-0.03%
LH	C	-0.03%
COO	B	-0.03%
NLY	B	-0.02%
FBIN	B	-0.02%
ZS	F	-0.02%
FWONK	C	-0.02%
GEN	B	-0.02%
RVTY	B	-0.02%
CELH	F	-0.01%
AZPN	B	-0.01%