QWLD vs. UDIV ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

$127.05

Average Daily Volume

3,695

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$45.98

Average Daily Volume

4,718

Number of Holdings ^*

276

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	UDIV
30 Days	-2.10%	0.97%
60 Days	-0.52%	4.16%
90 Days	0.32%	6.14%
12 Months	21.59%	33.81%

270 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in UDIV	Overlap
	AAPL	C	2.5%	6.07%	2.5%
	ABBV	F	0.41%	1.15%	0.41%
	ABBV	F	0.16%	1.15%	0.16%
	ABT	A	0.09%	0.48%	0.09%
	ACN	C	0.65%	0.44%	0.44%
	ADBE	D	0.42%	0.34%	0.34%
	ADI	D	0.04%	0.55%	0.04%
	ADP	B	0.26%	0.13%	0.13%
	AEE	A	0.08%	0.03%	0.03%
	AEP	C	0.07%	0.28%	0.07%
	AES	F	0.01%	0.05%	0.01%
	ALL	A	0.07%	0.09%	0.07%
	AMAT	F	0.32%	0.42%	0.32%
	AMCR	D	0.08%	0.09%	0.08%
	AMD	F	0.04%	0.46%	0.04%
	AMGN	D	0.18%	0.68%	0.18%
	AMT	D	0.02%	0.35%	0.02%
	AMZN	B	0.37%	3.49%	0.37%
	ANET	C	0.21%	0.29%	0.21%
	APA	F	0.03%	0.06%	0.03%
	APD	A	0.03%	0.17%	0.03%
	APH	B	0.43%	0.05%	0.05%
	APO	A	0.02%	0.38%	0.02%
	ARE	F	0.01%	0.1%	0.01%
	ARES	A	0.01%	0.18%	0.01%
	AVB	B	0.01%	0.18%	0.01%
	AVGO	C	0.12%	1.87%	0.12%
	AXON	A	0.0%	0.08%	0.0%
	BAC	A	0.38%	0.61%	0.38%
	BAX	F	0.01%	0.1%	0.01%
	BBY	D	0.05%	0.1%	0.05%
	BEN	C	0.01%	0.03%	0.01%
	BK	B	0.05%	0.32%	0.05%
	BKR	B	0.02%	0.18%	0.02%
	BMY	A	0.21%	0.65%	0.21%
	BR	B	0.04%	0.11%	0.04%
	BSY	D	0.01%	0.01%	0.01%
	BX	A	0.03%	0.72%	0.03%
	BXP	D	0.01%	0.07%	0.01%
	C	B	0.25%	0.8%	0.25%
	CAG	F	0.04%	0.08%	0.04%
	CAH	B	0.12%	0.02%	0.02%
	CAT	C	0.39%	0.1%	0.1%
	CCI	C	0.01%	0.24%	0.01%
	CDNS	B	0.14%	0.14%	0.14%
	CFG	B	0.04%	0.13%	0.04%
	CG	B	0.01%	0.07%	0.01%
	CINF	A	0.02%	0.13%	0.02%
	CLX	A	0.01%	0.11%	0.01%
	CMCSA	B	0.17%	0.36%	0.17%
	CME	A	0.15%	0.46%	0.15%
	CMG	C	0.13%	0.12%	0.12%
	CMI	A	0.09%	0.29%	0.09%
	CMS	C	0.05%	0.1%	0.05%
	CNH	C	0.02%	0.06%	0.02%
	COIN	A	0.01%	0.12%	0.01%
	COP	B	0.1%	0.24%	0.1%
	COST	A	0.75%	0.27%	0.27%
	CPB	D	0.09%	0.05%	0.05%
	CPT	C	0.0%	0.07%	0.0%
	CRBG	B	0.01%	0.04%	0.01%
	CRM	B	0.05%	0.48%	0.05%
	CRWD	B	0.0%	0.28%	0.0%
	CSCO	B	1.02%	0.85%	0.85%
	CTRA	B	0.02%	0.11%	0.02%
	CVS	F	0.18%	0.4%	0.18%
	CVX	A	0.31%	1.07%	0.31%
	D	C	0.06%	0.27%	0.06%
	DASH	A	0.0%	0.11%	0.0%
	DDOG	A	0.0%	0.09%	0.0%
	DELL	B	0.01%	0.1%	0.01%
	DFS	B	0.04%	0.14%	0.04%
	DG	F	0.01%	0.03%	0.01%
	DIS	B	0.08%	0.11%	0.08%
	DLR	A	0.02%	0.32%	0.02%
	DOC	D	0.01%	0.09%	0.01%
	DOW	F	0.04%	0.2%	0.04%
	DRI	C	0.03%	0.12%	0.03%
	DT	C	0.0%	0.02%	0.0%
	DTE	C	0.02%	0.14%	0.02%
	DUK	C	0.36%	0.49%	0.36%
	DVN	F	0.03%	0.16%	0.03%
	EBAY	D	0.01%	0.12%	0.01%
	ED	C	0.36%	0.19%	0.19%
	EIX	C	0.02%	0.19%	0.02%
	EL	F	0.01%	0.09%	0.01%
	ELS	B	0.0%	0.07%	0.0%
	EMN	D	0.01%	0.07%	0.01%
	EMR	A	0.03%	0.21%	0.03%
	ENTG	F	0.0%	0.04%	0.0%
	EOG	A	0.05%	0.06%	0.05%
	EQIX	A	0.01%	0.21%	0.01%
	EQR	C	0.01%	0.14%	0.01%
	ES	C	0.01%	0.12%	0.01%
	ESS	A	0.01%	0.1%	0.01%
	ETN	B	0.03%	0.41%	0.03%
	ETR	A	0.03%	0.17%	0.03%
	EVRG	A	0.01%	0.08%	0.01%
	EXC	C	0.03%	0.21%	0.03%
	EXR	C	0.01%	0.19%	0.01%
	F	C	0.09%	0.26%	0.09%
	FANG	D	0.09%	0.2%	0.09%
	FAST	B	0.09%	0.26%	0.09%
	FDX	B	0.07%	0.07%	0.07%
	FE	D	0.01%	0.12%	0.01%
	FIS	C	0.02%	0.02%	0.02%
	FITB	B	0.03%	0.18%	0.03%
	FNF	A	0.01%	0.09%	0.01%
	GD	D	0.19%	0.05%	0.05%
	GEN	B	0.12%	0.07%	0.07%
	GILD	B	0.25%	0.67%	0.25%
	GIS	F	0.33%	0.21%	0.21%
	GLW	B	0.02%	0.22%	0.02%
	GOOG	B	0.95%	1.75%	0.95%
	GOOGL	B	1.08%	1.95%	1.08%
	GPC	F	0.05%	0.11%	0.05%
	GRMN	B	0.05%	0.18%	0.05%
	GS	B	0.17%	0.43%	0.17%
	HBAN	B	0.03%	0.15%	0.03%
	HD	A	0.14%	1.03%	0.14%
	HON	A	0.25%	0.17%	0.17%
	HPE	B	0.04%	0.1%	0.04%
	HPQ	B	0.04%	0.23%	0.04%
	HRL	D	0.09%	0.05%	0.05%
	HST	D	0.01%	0.07%	0.01%
	HUBB	B	0.04%	0.07%	0.04%
	IBM	C	0.48%	0.83%	0.48%
	IFF	D	0.01%	0.13%	0.01%
	INTC	C	0.1%	0.44%	0.1%
	INTU	B	0.25%	0.44%	0.25%
	INVH	D	0.01%	0.11%	0.01%
	IP	A	0.02%	0.12%	0.02%
	IPG	F	0.02%	0.07%	0.02%
	IRM	C	0.01%	0.17%	0.01%
	ISRG	A	0.25%	0.14%	0.14%
	ITW	B	0.14%	0.42%	0.14%
	JCI	B	0.03%	0.23%	0.03%
	JNJ	D	1.11%	1.15%	1.11%
	JNPR	D	0.13%	0.07%	0.07%
	JPM	A	0.59%	1.27%	0.59%
	K	B	0.22%	0.12%	0.12%
	KEY	B	0.03%	0.11%	0.03%
	KHC	F	0.21%	0.17%	0.17%
	KIM	A	0.01%	0.1%	0.01%
	KKR	A	0.02%	0.15%	0.02%
	KLAC	F	0.16%	0.32%	0.16%
	KMB	C	0.11%	0.26%	0.11%
	KMI	A	0.04%	0.31%	0.04%
	KO	D	0.57%	0.75%	0.57%
	KVUE	A	0.08%	0.22%	0.08%
	LIN	D	0.06%	0.14%	0.06%
	LKQ	F	0.01%	0.06%	0.01%
	LLY	F	1.17%	1.32%	1.17%
	LNT	A	0.03%	0.08%	0.03%
	LOW	C	0.07%	0.27%	0.07%
	LRCX	F	0.2%	0.37%	0.2%
	LUV	B	0.0%	0.11%	0.0%
	LVS	C	0.0%	0.08%	0.0%
	LYB	F	0.03%	0.13%	0.03%
	MA	B	0.7%	0.23%	0.23%
	MAA	A	0.01%	0.1%	0.01%
	MCD	D	0.41%	0.23%	0.23%
	MCHP	F	0.06%	0.23%	0.06%
	MDT	D	0.06%	0.55%	0.06%
	MELI	D	0.01%	0.27%	0.01%
	MET	A	0.05%	0.11%	0.05%
	META	C	2.14%	2.21%	2.14%
	MMM	D	0.14%	0.36%	0.14%
	MO	A	0.04%	0.53%	0.04%
	MPWR	F	0.06%	0.15%	0.06%
	MRK	F	0.44%	0.74%	0.44%
	MRVL	B	0.01%	0.13%	0.01%
	MS	A	0.11%	0.88%	0.11%
	MSCI	A	0.0%	0.23%	0.0%
	MSFT	D	2.29%	6.04%	2.29%
	MTB	A	0.05%	0.21%	0.05%
	MU	D	0.04%	0.23%	0.04%
	NEE	C	0.05%	0.11%	0.05%
	NEM	D	0.04%	0.02%	0.02%
	NET	B	0.0%	0.06%	0.0%
	NFLX	A	0.51%	0.6%	0.51%
	NI	A	0.01%	0.09%	0.01%
	NKE	F	0.16%	0.13%	0.13%
	NOW	B	0.01%	0.45%	0.01%
	NSC	B	0.03%	0.07%	0.03%
	NTAP	C	0.04%	0.15%	0.04%
	NTRS	A	0.02%	0.13%	0.02%
	NVDA	A	2.56%	6.93%	2.56%
	NXPI	F	0.02%	0.37%	0.02%
	O	C	0.02%	0.28%	0.02%
	OKE	A	0.03%	0.36%	0.03%
	OKTA	D	0.0%	0.02%	0.0%
	OMC	C	0.04%	0.12%	0.04%
	ORCL	A	0.25%	0.5%	0.25%
	PANW	B	0.18%	0.27%	0.18%
	PAYX	B	0.1%	0.27%	0.1%
	PEG	C	0.02%	0.15%	0.02%
	PEP	F	0.79%	0.57%	0.57%
	PFE	F	0.19%	0.7%	0.19%
	PFG	C	0.02%	0.12%	0.02%
	PG	C	0.89%	0.75%	0.75%
	PKG	B	0.04%	0.12%	0.04%
	PLD	D	0.04%	0.43%	0.04%
	PLTR	B	0.0%	0.27%	0.0%
	PM	A	0.07%	0.83%	0.07%
	PNC	B	0.09%	0.48%	0.09%
	PPL	A	0.01%	0.14%	0.01%
	PRU	B	0.05%	0.26%	0.05%
	PSA	C	0.08%	0.29%	0.08%
	PSX	C	0.13%	0.21%	0.13%
	QCOM	F	0.34%	0.77%	0.34%
	REG	A	0.01%	0.07%	0.01%
	RF	A	0.03%	0.14%	0.03%
	ROK	B	0.06%	0.19%	0.06%
	RPRX	F	0.01%	0.04%	0.01%
	RTX	D	0.09%	0.19%	0.09%
	SBUX	A	0.04%	0.29%	0.04%
	SJM	D	0.07%	0.07%	0.07%
	SLB	C	0.03%	0.06%	0.03%
	SMCI	F	0.02%	0.04%	0.02%
	SNA	B	0.04%	0.11%	0.04%
	SNOW	C	0.0%	0.06%	0.0%
	SNPS	C	0.13%	0.12%	0.12%
	SO	C	0.45%	0.52%	0.45%
	SPG	A	0.02%	0.32%	0.02%
	SQ	A	0.01%	0.03%	0.01%
	STT	B	0.03%	0.17%	0.03%
	STX	D	0.01%	0.12%	0.01%
	SUI	C	0.01%	0.09%	0.01%
	SW	A	0.03%	0.16%	0.03%
	SWK	F	0.01%	0.08%	0.01%
	SWKS	F	0.03%	0.09%	0.03%
	SYK	A	0.03%	0.02%	0.02%
	SYY	D	0.03%	0.17%	0.03%
	T	A	0.38%	0.76%	0.38%
	TAP	B	0.01%	0.05%	0.01%
	TER	F	0.03%	0.02%	0.02%
	TFC	A	0.09%	0.36%	0.09%
	TGT	B	0.14%	0.27%	0.14%
	TROW	B	0.05%	0.15%	0.05%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	A	0.14%	1.44%	0.14%
	TSN	B	0.13%	0.1%	0.1%
	TT	A	0.14%	0.02%	0.02%
	TTD	B	0.0%	0.06%	0.0%
	TXN	C	0.51%	0.9%	0.51%
	UBER	F	0.01%	0.27%	0.01%
	UDR	D	0.0%	0.07%	0.0%
	UNH	C	1.34%	0.89%	0.89%
	UNP	D	0.27%	0.3%	0.27%
	UPS	C	0.07%	0.55%	0.07%
	USB	B	0.09%	0.47%	0.09%
	V	A	1.19%	0.33%	0.33%
	VICI	C	0.02%	0.18%	0.02%
	VLO	C	0.07%	0.08%	0.07%
	VRT	A	0.0%	0.18%	0.0%
	VTR	A	0.01%	0.14%	0.01%
	VTRS	A	0.03%	0.09%	0.03%
	VZ	C	0.56%	0.73%	0.56%
	WBA	F	0.04%	0.04%	0.04%
	WDAY	C	0.04%	0.06%	0.04%
	WEC	A	0.19%	0.17%	0.17%
	WELL	A	0.02%	0.12%	0.02%
	WFC	A	0.27%	0.39%	0.27%
	WMB	A	0.19%	0.4%	0.19%
	WMT	A	0.75%	0.03%	0.03%
	WPC	C	0.01%	0.07%	0.01%
	WSO	A	0.03%	0.11%	0.03%
	XEL	A	0.08%	0.2%	0.08%
	XOM	B	0.47%	1.34%	0.47%

QWLD Overweight 339 Positions Relative to UDIV

	Symbol	Grade	Weight
	NVS	D	0.81%
	TMUS	B	0.73%
	BRK.A	A	0.72%
	MSI	B	0.61%
	WM	B	0.52%
	MMC	D	0.51%
	MCK	A	0.51%
	ROP	C	0.49%
	VRTX	D	0.45%
	RSG	A	0.45%
	LMT	D	0.43%
	COR	B	0.42%
	CB	C	0.38%
	PGR	B	0.35%
	REGN	F	0.33%
	TJX	A	0.33%
	NOC	D	0.33%
	KR	B	0.32%
	GE	D	0.31%
	TRV	A	0.29%
	AZO	C	0.29%
	UL	D	0.27%
	WCN	A	0.26%
	HSBH	A	0.25%
	ACGL	D	0.25%
	CBOE	C	0.24%
	ORLY	B	0.24%
	GDDY	A	0.23%
	ELV	F	0.22%
	MFG	A	0.22%
	CTSH	C	0.21%
	CL	D	0.19%
	EA	A	0.19%
	BAH	D	0.18%
	GM	B	0.18%
	KEYS	C	0.18%
	CHD	A	0.18%
	AJG	B	0.18%
	L	A	0.17%
	AON	B	0.17%
	MPC	D	0.17%
	CHKP	D	0.17%
	CI	D	0.17%
	INCY	C	0.16%
	HUM	D	0.16%
	HSY	F	0.16%
	UTHR	C	0.16%
	FFIV	B	0.16%
	ZTS	D	0.15%
	YUM	D	0.15%
	MDLZ	F	0.15%
	BRO	B	0.14%
	SHW	C	0.14%
	CTAS	B	0.14%
	KDP	D	0.14%
	WRB	B	0.14%
	VRSN	F	0.14%
	TM	D	0.14%
	AKAM	F	0.13%
	MUFG	A	0.13%
	FCNCA	A	0.12%
	CSX	C	0.12%
	AFL	C	0.12%
	TD	D	0.12%
	MKL	A	0.12%
	E	F	0.12%
	ERIE	F	0.12%
	CF	A	0.12%
	MCO	D	0.12%
	DHI	D	0.11%
	DEO	F	0.11%
	BCS	B	0.11%
	GWW	B	0.11%
	NBIX	C	0.11%
	PCAR	B	0.11%
	ADSK	B	0.1%
	SMFG	A	0.1%
	COF	B	0.1%
	DGX	A	0.1%
	CNI	F	0.1%
	LEN	D	0.09%
	LYG	C	0.09%
	AMP	A	0.09%
	AIZ	A	0.08%
	BDX	F	0.08%
	CPRT	B	0.08%
	ROL	B	0.08%
	SONY	B	0.08%
	CDW	F	0.08%
	PTC	B	0.08%
	ODFL	B	0.08%
	STLA	F	0.08%
	FI	A	0.08%
	A	F	0.07%
	EW	C	0.07%
	ULTA	F	0.07%
	JKHY	D	0.07%
	MNST	C	0.07%
	AIG	C	0.07%
	HMC	F	0.07%
	LULU	C	0.07%
	BMRN	F	0.07%
	IDXX	F	0.07%
	WTW	B	0.07%
	CHTR	B	0.06%
	EG	D	0.06%
	TDY	B	0.06%
	WBD	B	0.06%
	LOGI	F	0.06%
	PHM	D	0.06%
	DPZ	C	0.06%
	AXP	B	0.06%
	DE	C	0.06%
	TMO	F	0.06%
	NVR	D	0.06%
	MOH	F	0.06%
	CTVA	C	0.05%
	VEEV	C	0.05%
	ADM	D	0.05%
	VLTO	C	0.05%
	DOV	B	0.05%
	DECK	B	0.05%
	DINO	D	0.05%
	MT	B	0.05%
	NUE	D	0.05%
	CNC	F	0.05%
	LNG	A	0.05%
	DHR	D	0.05%
	RMD	C	0.05%
	TPL	A	0.05%
	IT	C	0.04%
	HCA	F	0.04%
	EXPD	D	0.04%
	WST	D	0.04%
	MANH	D	0.04%
	SYF	B	0.04%
	SCHW	A	0.04%
	TRGP	A	0.04%
	PYPL	B	0.04%
	WAT	C	0.04%
	FICO	A	0.04%
	EME	A	0.04%
	LPLA	A	0.04%
	BLDR	D	0.04%
	BTI	C	0.04%
	LHX	B	0.03%
	GGG	B	0.03%
	AVY	D	0.03%
	FCX	F	0.03%
	STLD	B	0.03%
	FDS	B	0.03%
	IEX	B	0.03%
	CBRE	B	0.03%
	PNR	B	0.03%
	HIG	B	0.03%
	ICE	C	0.03%
	BKNG	A	0.03%
	POOL	D	0.03%
	JBHT	C	0.03%
	OC	A	0.03%
	CSL	C	0.03%
	SOLV	F	0.03%
	PCG	A	0.03%
	WSM	D	0.03%
	SRE	A	0.03%
	OXY	F	0.03%
	SPGI	D	0.03%
	PARA	D	0.02%
	NRG	B	0.02%
	ACI	C	0.02%
	ALLY	C	0.02%
	HAL	C	0.02%
	NMR	B	0.02%
	WY	D	0.02%
	TTC	F	0.02%
	MKTX	D	0.02%
	SEIC	B	0.02%
	AOS	F	0.02%
	ROST	D	0.02%
	GEHC	D	0.02%
	RS	B	0.02%
	OVV	C	0.02%
	JBL	C	0.02%
	CEG	C	0.02%
	AFG	A	0.02%
	ENPH	F	0.02%
	AER	B	0.02%
	RJF	A	0.02%
	LH	B	0.02%
	MOS	D	0.02%
	EPAM	C	0.02%
	CARR	D	0.02%
	PH	B	0.02%
	PAYC	B	0.02%
	MRO	A	0.02%
	GPN	C	0.02%
	NDSN	D	0.02%
	DKS	D	0.02%
	DD	D	0.02%
	BSX	A	0.02%
	URI	B	0.02%
	ALLE	D	0.02%
	GEV	A	0.02%
	BG	D	0.02%
	MGM	D	0.01%
	VRSK	B	0.01%
	CTLT	D	0.01%
	DVA	C	0.01%
	WTRG	B	0.01%
	FSLR	D	0.01%
	UHAL	D	0.01%
	SBAC	D	0.01%
	RCL	A	0.01%
	FBIN	D	0.01%
	GLPI	C	0.01%
	RPM	B	0.01%
	TTWO	A	0.01%
	FOX	A	0.01%
	BURL	A	0.01%
	HII	F	0.01%
	FTNT	B	0.01%
	TRMB	B	0.01%
	NWSA	B	0.01%
	STE	D	0.01%
	TRU	D	0.01%
	CCL	A	0.01%
	TWLO	A	0.01%
	MBAVU	A	0.01%
	AVTR	F	0.01%
	MAS	D	0.01%
	HLT	A	0.01%
	MKC	D	0.01%
	HSIC	C	0.01%
	DAL	A	0.01%
	CCEP	D	0.01%
	EFX	F	0.01%
	XYL	D	0.01%
	ZM	B	0.01%
	HWM	A	0.01%
	ACM	B	0.01%
	STZ	D	0.01%
	RVTY	D	0.01%
	AGCO	F	0.01%
	CHRD	F	0.01%
	CCK	D	0.01%
	ZBRA	B	0.01%
	CE	F	0.01%
	BALL	D	0.01%
	CPAY	A	0.01%
	DLTR	F	0.01%
	SE	A	0.01%
	SSNC	C	0.01%
	FTV	D	0.01%
	AWK	C	0.01%
	WFG	C	0.01%
	TDG	D	0.01%
	IR	B	0.01%
	ALB	B	0.01%
	NDAQ	A	0.01%
	ABNB	D	0.01%
	KNX	B	0.01%
	EXPE	B	0.01%
	HOLX	D	0.01%
	OTIS	C	0.01%
	TXT	D	0.01%
	MRNA	F	0.01%
	WDC	F	0.01%
	VMC	B	0.01%
	VST	A	0.01%
	MLM	B	0.01%
	UHS	D	0.01%
	PWR	A	0.01%
	CNP	A	0.01%
	APTV	F	0.01%
	EQH	B	0.01%
	ZBH	C	0.01%
	LDOS	C	0.01%
	J	D	0.01%
	MAR	B	0.01%
	ATO	A	0.01%
	CHRW	B	0.01%
	HES	B	0.01%
	AME	A	0.01%
	FOXA	B	0.01%
	IQV	F	0.01%
	WAB	B	0.01%
	ECL	D	0.01%
	BIIB	F	0.01%
	BA	D	0.01%
	PPG	F	0.01%
	EQT	A	0.01%
	ON	F	0.01%
	KMX	D	0.01%
	GLBE	A	0.0%
	IOT	A	0.0%
	XRX	F	0.0%
	TOST	A	0.0%
	RBLX	B	0.0%
	DKNG	B	0.0%
	SNAP	D	0.0%
	H	B	0.0%
	PSTG	F	0.0%
	HEI	A	0.0%
	FUTU	C	0.0%
	PODD	B	0.0%
	DOCU	A	0.0%
	GRAB	A	0.0%
	PINS	F	0.0%
	MSTR	A	0.0%
	DAY	B	0.0%
	WYNN	D	0.0%
	EXAS	D	0.0%
	DXCM	C	0.0%
	ROKU	D	0.0%
	TECH	F	0.0%
	APP	A	0.0%
	TYL	B	0.0%
	LII	B	0.0%
	Z	A	0.0%
	HOOD	A	0.0%
	HEI	A	0.0%
	TW	A	0.0%
	RIVN	F	0.0%
	LYV	A	0.0%
	WLK	F	0.0%
	QGEN	F	0.0%
	BBWI	C	0.0%
	LW	C	0.0%
	CSGP	F	0.0%
	TFX	F	0.0%
	AMH	C	0.0%
	MTCH	F	0.0%
	OTEX	F	0.0%
	ANSS	B	0.0%
	ALGN	D	0.0%
	CRL	D	0.0%
	BIO	C	0.0%
	ILMN	C	0.0%
	QRVO	F	0.0%

QWLD Underweight 7 Positions Relative to UDIV

	Symbol	Grade	Weight
	ZS	B	-0.1%
	EWBC	A	-0.09%
	HUBS	A	-0.06%
	SCCO	F	-0.06%
	MDB	C	-0.05%
	AGR	A	-0.02%
	SIRI	D	-0.01%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Capital Markets 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 Dow Jones Component Electronics Bank Chemical Telecommunications Aerospace Banking Real Estate Investment Trust Medicine Insurance Products Semiconductor Cloud Computing Mining Mobile Devices

UDIV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Semiconductors Asset Management Banks - Regional - US REIT - Residential Drug Manufacturers - Major Packaged Foods Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Retail Utilities - Diversified Banks - Global Business Services Household & Personal Products Semiconductor Equipment & Materials Discount Stores Packaging & Containers REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electricity Real Estate Investment Trust Bank Banking Semiconductor Electronics Cloud Computing Mining Integrated Circuits Telecommunications Work From Home Cash Management Chemical Investment Bank Insurance