QWLD vs. USXF ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares ESG Advanced MSCI USA ETF (USXF)

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

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

USXF

iShares ESG Advanced MSCI USA ETF

USXF Description

The investment seeks to track the investment results of the MSCI USA Choice ESG Screened Index (the “underlying index”). The underlying index is a free float-adjusted market capitalization-weighted index designed to reflect the equity performance of large- and mid-capitalization U.S. companies with favorable environmental, social and governance (“ESG”) ratings while applying extensive screens, including removing fossil fuel exposure. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$51.89

Average Daily Volume

82,986

Number of Holdings ^*

347

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	USXF
30 Days	0.82%	3.47%
60 Days	0.23%	6.46%
90 Days	0.87%	6.86%
12 Months	22.65%	38.85%

335 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in USXF	Overlap
A	D	0.06%	0.18%	0.06%
ACGL	D	0.26%	0.17%	0.17%
ACM	A	0.01%	0.07%	0.01%
ADBE	C	0.42%	1.06%	0.42%
ADI	D	0.04%	0.5%	0.04%
ADP	B	0.26%	0.58%	0.26%
ADSK	A	0.1%	0.32%	0.1%
AFL	B	0.12%	0.29%	0.12%
AIG	B	0.07%	0.24%	0.07%
AIZ	A	0.08%	0.05%	0.05%
AJG	B	0.19%	0.31%	0.19%
AKAM	D	0.11%	0.06%	0.06%
ALGN	D	0.0%	0.08%	0.0%
ALLE	D	0.02%	0.06%	0.02%
ALLY	C	0.02%	0.05%	0.02%
AMAT	F	0.29%	0.67%	0.29%
AMD	F	0.03%	1.08%	0.03%
AME	A	0.01%	0.22%	0.01%
AMGN	D	0.16%	0.72%	0.16%
AMH	D	0.0%	0.06%	0.0%
AMP	A	0.09%	0.27%	0.09%
AMT	D	0.02%	0.45%	0.02%
ANET	C	0.19%	0.48%	0.19%
ANSS	B	0.0%	0.14%	0.0%
AON	A	0.17%	0.36%	0.17%
AOS	F	0.02%	0.04%	0.02%
APD	A	0.03%	0.35%	0.03%
APH	A	0.43%	0.41%	0.41%
APO	B	0.02%	0.32%	0.02%
ARE	D	0.01%	0.08%	0.01%
AVB	B	0.01%	0.16%	0.01%
AVGO	D	0.11%	3.51%	0.11%
AVTR	F	0.01%	0.06%	0.01%
AVY	D	0.03%	0.08%	0.03%
AWK	D	0.01%	0.13%	0.01%
AXON	A	0.0%	0.21%	0.0%
AXP	A	0.06%	0.79%	0.06%
AZO	C	0.28%	0.26%	0.26%
BAH	F	0.15%	0.09%	0.09%
BALL	D	0.01%	0.09%	0.01%
BBWI	D	0.0%	0.03%	0.0%
BBY	D	0.06%	0.09%	0.06%
BEN	C	0.01%	0.03%	0.01%
BIIB	F	0.01%	0.11%	0.01%
BIO	D	0.0%	0.03%	0.0%
BK	A	0.05%	0.28%	0.05%
BKNG	A	0.03%	0.81%	0.03%
BLDR	D	0.05%	0.1%	0.05%
BLK	C	0.25%	0.73%	0.25%
BMRN	D	0.07%	0.06%	0.06%
BR	A	0.04%	0.13%	0.04%
BRO	B	0.14%	0.13%	0.13%
BSY	D	0.01%	0.04%	0.01%
BXP	D	0.01%	0.06%	0.01%
CAG	D	0.04%	0.06%	0.04%
CB	C	0.4%	0.53%	0.4%
CBOE	B	0.24%	0.1%	0.1%
CBRE	B	0.03%	0.2%	0.03%
CCI	D	0.01%	0.22%	0.01%
CCK	C	0.01%	0.05%	0.01%
CDNS	B	0.13%	0.39%	0.13%
CDW	F	0.07%	0.11%	0.07%
CF	B	0.13%	0.08%	0.08%
CG	A	0.01%	0.06%	0.01%
CHD	B	0.19%	0.13%	0.13%
CHRW	C	0.01%	0.06%	0.01%
CHTR	C	0.05%	0.17%	0.05%
CLX	B	0.01%	0.1%	0.01%
CMCSA	B	0.17%	0.8%	0.17%
CME	A	0.16%	0.4%	0.16%
CMI	A	0.1%	0.24%	0.1%
CNH	C	0.01%	0.05%	0.01%
COF	B	0.1%	0.33%	0.1%
CPB	D	0.09%	0.04%	0.04%
CPRT	A	0.08%	0.23%	0.08%
CRL	C	0.0%	0.05%	0.0%
CRWD	B	0.0%	0.39%	0.0%
CSGP	D	0.0%	0.14%	0.0%
CSL	C	0.03%	0.1%	0.03%
CTAS	B	0.14%	0.38%	0.14%
CTLT	B	0.01%	0.05%	0.01%
CTSH	B	0.2%	0.18%	0.18%
DASH	A	0.01%	0.26%	0.01%
DAY	B	0.0%	0.06%	0.0%
DDOG	A	0.0%	0.18%	0.0%
DE	A	0.06%	0.5%	0.06%
DECK	A	0.05%	0.13%	0.05%
DFS	B	0.04%	0.21%	0.04%
DG	F	0.01%	0.08%	0.01%
DGX	A	0.11%	0.09%	0.09%
DHI	D	0.1%	0.23%	0.1%
DHR	F	0.05%	0.74%	0.05%
DLR	B	0.02%	0.29%	0.02%
DOC	D	0.01%	0.07%	0.01%
DOCU	A	0.0%	0.08%	0.0%
DOV	A	0.05%	0.13%	0.05%
DPZ	C	0.06%	0.07%	0.06%
DRI	B	0.03%	0.09%	0.03%
DT	C	0.0%	0.07%	0.0%
DVA	B	0.01%	0.04%	0.01%
DXCM	D	0.0%	0.14%	0.0%
EA	A	0.2%	0.2%	0.2%
EBAY	D	0.01%	0.15%	0.01%
EG	C	0.06%	0.08%	0.06%
EL	F	0.01%	0.07%	0.01%
ELV	F	0.21%	0.44%	0.21%
EME	C	0.04%	0.12%	0.04%
ENPH	F	0.01%	0.04%	0.01%
ENTG	D	0.0%	0.07%	0.0%
EPAM	C	0.02%	0.06%	0.02%
EQIX	A	0.02%	0.42%	0.02%
EQR	B	0.01%	0.12%	0.01%
ETN	A	0.03%	0.7%	0.03%
EW	C	0.07%	0.2%	0.07%
EXAS	D	0.0%	0.05%	0.0%
EXPD	D	0.04%	0.08%	0.04%
FAST	B	0.09%	0.22%	0.09%
FBIN	D	0.0%	0.04%	0.0%
FDS	B	0.03%	0.09%	0.03%
FFIV	B	0.16%	0.07%	0.07%
FI	A	0.09%	0.6%	0.09%
FICO	B	0.05%	0.27%	0.05%
FIS	C	0.02%	0.23%	0.02%
FSLR	F	0.01%	0.09%	0.01%
FTNT	C	0.01%	0.28%	0.01%
FTV	C	0.01%	0.13%	0.01%
GDDY	A	0.25%	0.13%	0.13%
GEHC	F	0.02%	0.17%	0.02%
GEN	B	0.12%	0.08%	0.08%
GEV	B	0.02%	0.45%	0.02%
GIS	D	0.33%	0.17%	0.17%
GLW	B	0.02%	0.19%	0.02%
GPC	D	0.05%	0.08%	0.05%
GPN	B	0.02%	0.14%	0.02%
GRMN	B	0.05%	0.15%	0.05%
GWW	B	0.11%	0.25%	0.11%
H	B	0.0%	0.03%	0.0%
HBAN	A	0.03%	0.12%	0.03%
HCA	F	0.04%	0.32%	0.04%
HD	A	0.15%	1.94%	0.15%
HIG	B	0.03%	0.17%	0.03%
HLT	A	0.01%	0.3%	0.01%
HOLX	D	0.01%	0.09%	0.01%
HPE	B	0.04%	0.13%	0.04%
HRL	D	0.09%	0.04%	0.04%
HSIC	B	0.01%	0.05%	0.01%
HST	C	0.01%	0.06%	0.01%
HUBB	B	0.04%	0.12%	0.04%
HUM	C	0.15%	0.16%	0.15%
HWM	A	0.01%	0.22%	0.01%
ICE	C	0.03%	0.43%	0.03%
IDXX	F	0.07%	0.16%	0.07%
IEX	B	0.03%	0.08%	0.03%
IFF	D	0.01%	0.11%	0.01%
ILMN	D	0.0%	0.1%	0.0%
INCY	C	0.15%	0.06%	0.06%
INTC	D	0.1%	0.49%	0.1%
INTU	C	0.27%	0.86%	0.27%
INVH	D	0.01%	0.1%	0.01%
IOT	A	0.0%	0.05%	0.0%
IP	B	0.02%	0.09%	0.02%
IPG	D	0.02%	0.05%	0.02%
IQV	D	0.01%	0.17%	0.01%
IR	B	0.01%	0.2%	0.01%
IRM	D	0.01%	0.16%	0.01%
IT	C	0.03%	0.19%	0.03%
ITW	B	0.13%	0.38%	0.13%
JBHT	C	0.03%	0.07%	0.03%
JBL	B	0.02%	0.07%	0.02%
JKHY	D	0.07%	0.06%	0.06%
JNPR	F	0.12%	0.05%	0.05%
K	A	0.23%	0.11%	0.11%
KDP	D	0.14%	0.17%	0.14%
KEY	B	0.02%	0.09%	0.02%
KEYS	A	0.17%	0.13%	0.13%
KIM	A	0.01%	0.08%	0.01%
KLAC	D	0.14%	0.4%	0.14%
KMX	B	0.02%	0.06%	0.02%
KNX	B	0.01%	0.04%	0.01%
KVUE	A	0.08%	0.22%	0.08%
LII	A	0.0%	0.1%	0.0%
LIN	D	0.06%	1.03%	0.06%
LKQ	D	0.01%	0.05%	0.01%
LOW	D	0.07%	0.71%	0.07%
LPLA	A	0.05%	0.11%	0.05%
LRCX	F	0.18%	0.44%	0.18%
LULU	C	0.07%	0.16%	0.07%
LW	C	0.0%	0.05%	0.0%
LYV	A	0.0%	0.1%	0.0%
MA	C	0.71%	2.07%	0.71%
MANH	D	0.04%	0.08%	0.04%
MAS	D	0.01%	0.08%	0.01%
MCHP	D	0.06%	0.17%	0.06%
MCO	B	0.13%	0.37%	0.13%
MELI	D	0.01%	0.42%	0.01%
MKC	D	0.01%	0.09%	0.01%
MKTX	D	0.02%	0.05%	0.02%
MLM	B	0.01%	0.17%	0.01%
MMC	B	0.51%	0.52%	0.51%
MOH	F	0.06%	0.08%	0.06%
MOS	F	0.02%	0.04%	0.02%
MPWR	F	0.04%	0.14%	0.04%
MRNA	F	0.01%	0.06%	0.01%
MRVL	B	0.01%	0.37%	0.01%
MS	A	0.12%	0.77%	0.12%
MSTR	C	0.0%	0.32%	0.0%
MTB	A	0.05%	0.17%	0.05%
MU	D	0.04%	0.52%	0.04%
NBIX	C	0.11%	0.06%	0.06%
NDAQ	A	0.01%	0.17%	0.01%
NDSN	B	0.02%	0.07%	0.02%
NEM	D	0.04%	0.24%	0.04%
NET	B	0.0%	0.14%	0.0%
NOW	A	0.01%	1.01%	0.01%
NTAP	C	0.04%	0.12%	0.04%
NTRS	A	0.02%	0.11%	0.02%
NVDA	C	2.53%	17.37%	2.53%
NVR	D	0.06%	0.13%	0.06%
NXPI	D	0.02%	0.27%	0.02%
OC	A	0.03%	0.08%	0.03%
ODFL	B	0.08%	0.2%	0.08%
OKTA	C	0.0%	0.06%	0.0%
OMC	C	0.04%	0.09%	0.04%
ON	D	0.01%	0.14%	0.01%
ORLY	B	0.24%	0.34%	0.24%
OTIS	C	0.01%	0.2%	0.01%
PANW	C	0.18%	0.6%	0.18%
PAYC	B	0.02%	0.05%	0.02%
PAYX	C	0.1%	0.22%	0.1%
PCAR	B	0.11%	0.28%	0.11%
PFG	D	0.02%	0.1%	0.02%
PGR	A	0.35%	0.72%	0.35%
PH	A	0.02%	0.43%	0.02%
PHM	D	0.06%	0.13%	0.06%
PKG	A	0.04%	0.1%	0.04%
PLD	D	0.04%	0.51%	0.04%
PNC	B	0.1%	0.39%	0.1%
PNR	A	0.03%	0.08%	0.03%
PODD	C	0.0%	0.09%	0.0%
POOL	C	0.03%	0.07%	0.03%
PPG	F	0.01%	0.14%	0.01%
PRU	A	0.05%	0.22%	0.05%
PSA	D	0.09%	0.25%	0.09%
PSTG	D	0.0%	0.07%	0.0%
PTC	A	0.08%	0.11%	0.08%
PWR	A	0.01%	0.23%	0.01%
PYPL	B	0.04%	0.4%	0.04%
QCOM	F	0.32%	0.88%	0.32%
QRVO	F	0.0%	0.03%	0.0%
RCL	A	0.01%	0.28%	0.01%
REG	B	0.01%	0.06%	0.01%
REGN	F	0.31%	0.39%	0.31%
RF	A	0.03%	0.12%	0.03%
RJF	A	0.02%	0.15%	0.02%
RMD	C	0.05%	0.17%	0.05%
ROK	B	0.06%	0.15%	0.06%
ROL	B	0.08%	0.07%	0.07%
ROP	B	0.48%	0.28%	0.28%
ROST	C	0.02%	0.22%	0.02%
RPM	A	0.01%	0.08%	0.01%
RPRX	D	0.01%	0.05%	0.01%
RS	B	0.02%	0.08%	0.02%
RSG	A	0.46%	0.22%	0.22%
RVTY	F	0.01%	0.06%	0.01%
SBAC	D	0.01%	0.11%	0.01%
SCHW	B	0.04%	0.58%	0.04%
SHW	A	0.14%	0.43%	0.14%
SJM	D	0.07%	0.06%	0.06%
SNA	A	0.04%	0.09%	0.04%
SNOW	C	0.0%	0.19%	0.0%
SNPS	B	0.12%	0.39%	0.12%
SOLV	C	0.03%	0.05%	0.03%
SPG	B	0.02%	0.28%	0.02%
SPGI	C	0.04%	0.77%	0.04%
STE	F	0.01%	0.1%	0.01%
STLD	B	0.02%	0.1%	0.02%
STT	A	0.03%	0.14%	0.03%
STX	D	0.01%	0.09%	0.01%
SW	A	0.03%	0.13%	0.03%
SWK	D	0.01%	0.06%	0.01%
SWKS	F	0.03%	0.06%	0.03%
SYF	B	0.04%	0.12%	0.04%
SYK	C	0.03%	0.64%	0.03%
TECH	D	0.0%	0.05%	0.0%
TER	D	0.02%	0.08%	0.02%
TFC	A	0.09%	0.3%	0.09%
TFX	F	0.0%	0.04%	0.0%
TGT	F	0.15%	0.35%	0.15%
TJX	A	0.35%	0.65%	0.35%
TOST	B	0.0%	0.07%	0.0%
TRMB	B	0.01%	0.08%	0.01%
TROW	B	0.05%	0.13%	0.05%
TRU	D	0.01%	0.09%	0.01%
TRV	B	0.3%	0.29%	0.29%
TSCO	D	0.06%	0.14%	0.06%
TT	A	0.15%	0.45%	0.15%
TTC	D	0.02%	0.04%	0.02%
TWLO	A	0.01%	0.08%	0.01%
TXN	C	0.48%	0.88%	0.48%
TYL	B	0.0%	0.12%	0.0%
UHAL	D	0.0%	0.03%	0.0%
ULTA	F	0.06%	0.08%	0.06%
URI	B	0.02%	0.26%	0.02%
USB	A	0.09%	0.38%	0.09%
UTHR	C	0.15%	0.07%	0.07%
V	A	1.21%	2.36%	1.21%
VEEV	C	0.05%	0.16%	0.05%
VLTO	D	0.05%	0.12%	0.05%
VMC	B	0.01%	0.18%	0.01%
VRSK	A	0.01%	0.19%	0.01%
VRSN	F	0.14%	0.08%	0.08%
VRT	B	0.0%	0.24%	0.0%
VRTX	F	0.43%	0.56%	0.43%
VTR	C	0.01%	0.13%	0.01%
VZ	C	0.58%	0.85%	0.58%
WAB	B	0.01%	0.17%	0.01%
WAT	B	0.04%	0.1%	0.04%
WBA	F	0.04%	0.03%	0.03%
WBD	C	0.07%	0.11%	0.07%
WCN	A	0.27%	0.23%	0.23%
WDAY	B	0.04%	0.26%	0.04%
WDC	D	0.01%	0.1%	0.01%
WELL	A	0.02%	0.4%	0.02%
WLK	D	0.0%	0.02%	0.0%
WM	A	0.52%	0.42%	0.42%
WPC	D	0.01%	0.06%	0.01%
WSM	B	0.03%	0.08%	0.03%
WSO	A	0.03%	0.09%	0.03%
WST	C	0.04%	0.11%	0.04%
WTW	B	0.07%	0.15%	0.07%
XYL	D	0.01%	0.14%	0.01%
YUM	B	0.15%	0.18%	0.15%
ZBH	C	0.01%	0.11%	0.01%
ZBRA	B	0.01%	0.09%	0.01%
ZTS	D	0.15%	0.38%	0.15%

QWLD Overweight 275 Positions Relative to USXF

Symbol	Grade	Weight
AAPL	C	2.57%
MSFT	F	2.3%
META	D	2.11%
UNH	C	1.35%
LLY	F	1.14%
JNJ	D	1.1%
GOOGL	C	1.07%
CSCO	B	1.03%
PG	A	0.95%
GOOG	C	0.94%
NVS	D	0.79%
PEP	F	0.77%
TMUS	B	0.76%
COST	B	0.76%
WMT	A	0.76%
BRK.A	B	0.73%
MSI	B	0.65%
ACN	C	0.65%
JPM	A	0.6%
MCK	B	0.58%
KO	D	0.56%
NFLX	A	0.54%
XOM	B	0.47%
SO	D	0.46%
IBM	C	0.46%
MCD	D	0.42%
LMT	D	0.42%
MRK	F	0.42%
COR	B	0.41%
T	A	0.39%
BAC	A	0.39%
AMZN	C	0.37%
DUK	C	0.36%
CAT	B	0.36%
ED	D	0.35%
ABBV	D	0.34%
CVX	A	0.33%
NOC	D	0.32%
KR	B	0.31%
GE	D	0.31%
WFC	A	0.28%
UL	D	0.27%
UNP	C	0.26%
HON	B	0.26%
HSBH	B	0.25%
C	A	0.25%
ORCL	B	0.25%
ISRG	A	0.25%
MFG	B	0.24%
GILD	C	0.24%
BMY	B	0.21%
KHC	F	0.2%
CL	D	0.2%
WEC	A	0.2%
GM	B	0.19%
WMB	A	0.19%
GD	F	0.18%
CI	F	0.18%
PFE	D	0.18%
NKE	D	0.17%
L	A	0.17%
CHKP	D	0.17%
GS	A	0.17%
MPC	D	0.17%
ABBV	D	0.16%
HSY	F	0.16%
CVS	D	0.16%
TSLA	B	0.16%
TM	D	0.15%
TSN	B	0.15%
CMG	B	0.14%
PSX	C	0.14%
MMM	D	0.14%
MUFG	B	0.14%
WRB	A	0.14%
MDLZ	F	0.14%
CAH	B	0.13%
MKL	A	0.13%
ERIE	D	0.12%
TD	F	0.12%
E	F	0.12%
KMB	D	0.11%
CSX	B	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
DIS	B	0.1%
COP	C	0.1%
CNI	D	0.1%
SMFG	B	0.1%
XEL	A	0.09%
LEN	D	0.09%
FANG	D	0.09%
LYG	F	0.09%
RTX	C	0.09%
AEE	A	0.09%
ABT	B	0.09%
F	C	0.09%
ALL	A	0.08%
VLO	C	0.08%
AMCR	D	0.08%
SONY	B	0.08%
STLA	F	0.08%
MNST	C	0.07%
HMC	F	0.07%
UPS	C	0.07%
AEP	D	0.07%
PM	B	0.07%
FDX	B	0.07%
BDX	F	0.07%
NEE	D	0.06%
TPL	A	0.06%
LNG	B	0.06%
TDY	B	0.06%
CRM	B	0.06%
EOG	A	0.06%
MDT	D	0.06%
D	C	0.06%
TMO	F	0.06%
LOGI	D	0.06%
BTI	B	0.05%
ADM	D	0.05%
CNC	D	0.05%
DINO	D	0.05%
MT	B	0.05%
CMS	C	0.05%
MET	A	0.05%
SRE	A	0.04%
SBUX	A	0.04%
KMI	A	0.04%
CFG	B	0.04%
MO	A	0.04%
CTVA	C	0.04%
HPQ	B	0.04%
NUE	C	0.04%
TRGP	B	0.04%
EIX	B	0.03%
DVN	F	0.03%
LYB	F	0.03%
GGG	B	0.03%
BG	F	0.03%
SYY	B	0.03%
ETR	B	0.03%
BX	A	0.03%
NSC	B	0.03%
LNT	A	0.03%
VTRS	A	0.03%
JCI	C	0.03%
EMR	A	0.03%
SLB	C	0.03%
OKE	A	0.03%
EXC	C	0.03%
PCG	A	0.03%
OXY	D	0.03%
DOW	F	0.03%
FITB	A	0.03%
HAL	C	0.02%
NRG	B	0.02%
ACI	C	0.02%
EQT	B	0.02%
WY	D	0.02%
SQ	B	0.02%
SEIC	B	0.02%
NMR	B	0.02%
CEG	D	0.02%
DTE	C	0.02%
OVV	B	0.02%
AER	B	0.02%
CINF	A	0.02%
LH	C	0.02%
AFG	A	0.02%
CTRA	B	0.02%
VICI	C	0.02%
CARR	D	0.02%
MRO	B	0.02%
PEG	A	0.02%
O	D	0.02%
DD	D	0.02%
DKS	C	0.02%
BSX	B	0.02%
BKR	B	0.02%
KKR	A	0.02%
FCX	D	0.02%
LHX	C	0.02%
APA	D	0.02%
CPT	B	0.01%
WTRG	B	0.01%
MGM	D	0.01%
MBAVU	D	0.01%
GLPI	C	0.01%
HII	D	0.01%
FOX	A	0.01%
NWSA	B	0.01%
TTWO	A	0.01%
SUI	D	0.01%
BURL	A	0.01%
CCL	B	0.01%
CE	F	0.01%
EFX	F	0.01%
ESS	B	0.01%
COIN	C	0.01%
AES	F	0.01%
CCEP	C	0.01%
DAL	C	0.01%
MAA	B	0.01%
ZM	B	0.01%
CHRD	D	0.01%
AGCO	D	0.01%
STZ	D	0.01%
TDG	D	0.01%
SSNC	B	0.01%
DLTR	F	0.01%
CPAY	A	0.01%
WFG	D	0.01%
ABNB	C	0.01%
SE	B	0.01%
EMN	D	0.01%
LDOS	C	0.01%
TXT	D	0.01%
NI	A	0.01%
ALB	C	0.01%
EXPE	B	0.01%
EQH	B	0.01%
UHS	D	0.01%
J	F	0.01%
APTV	D	0.01%
FNF	B	0.01%
MAR	B	0.01%
UBER	D	0.01%
CNP	B	0.01%
CRBG	B	0.01%
DELL	C	0.01%
EVRG	A	0.01%
VST	B	0.01%
ATO	A	0.01%
HES	B	0.01%
FOXA	B	0.01%
BAX	D	0.01%
TAP	C	0.01%
BA	F	0.01%
FE	C	0.01%
EXR	D	0.01%
ECL	D	0.01%
ES	D	0.01%
SMCI	F	0.01%
PPL	B	0.01%
PARA	C	0.01%
GLBE	B	0.0%
RBLX	C	0.0%
XRX	F	0.0%
DKNG	B	0.0%
SNAP	C	0.0%
FUTU	D	0.0%
HEI	B	0.0%
PINS	D	0.0%
GRAB	B	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
TTD	B	0.0%
ELS	C	0.0%
HOOD	B	0.0%
TW	A	0.0%
HEI	B	0.0%
RIVN	F	0.0%
Z	A	0.0%
LUV	C	0.0%
MTCH	D	0.0%
QGEN	D	0.0%
APP	B	0.0%
MSCI	C	0.0%
LVS	C	0.0%
UDR	B	0.0%
OTEX	D	0.0%
PLTR	B	0.0%
ARES	A	0.0%

QWLD Underweight 12 Positions Relative to USXF

Symbol	Grade	Weight
CRH	A	-0.33%
TEL	B	-0.21%
FERG	B	-0.2%
TEAM	A	-0.19%
HUBS	A	-0.16%
ALNY	D	-0.14%
MTD	D	-0.12%
MDB	C	-0.1%
ZS	C	-0.09%
FWONK	B	-0.08%
NLY	C	-0.05%
AZPN	A	-0.03%