QWLD vs. VCIT ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

$126.95

Average Daily Volume

3,695

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$81.17

Average Daily Volume

6,318,113

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VCIT
30 Days	-2.18%	-1.26%
60 Days	-0.60%	-2.58%
90 Days	0.24%	-1.09%
12 Months	21.49%	9.16%

351 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in VCIT	Overlap
A	F	0.07%	0.02%	0.02%
AAPL	C	2.5%	0.01%	0.01%
ABBV	F	0.41%	0.13%	0.13%
ABBV	F	0.16%	0.13%	0.13%
ABT	A	0.09%	0.02%	0.02%
ACGL	D	0.25%	0.03%	0.03%
ADBE	D	0.42%	0.05%	0.05%
ADI	D	0.04%	0.04%	0.04%
ADM	D	0.05%	0.05%	0.05%
ADP	B	0.26%	0.04%	0.04%
ADSK	B	0.1%	0.03%	0.03%
AEE	A	0.08%	0.01%	0.01%
AEP	C	0.07%	0.01%	0.01%
AER	B	0.02%	0.04%	0.02%
AES	F	0.01%	0.02%	0.01%
AFG	A	0.02%	0.02%	0.02%
AFL	C	0.12%	0.01%	0.01%
AIG	C	0.07%	0.02%	0.02%
AIZ	A	0.08%	0.02%	0.02%
ALL	A	0.07%	0.02%	0.02%
ALLE	D	0.02%	0.02%	0.02%
AMAT	F	0.32%	0.04%	0.04%
AMCR	D	0.08%	0.01%	0.01%
AMGN	D	0.18%	0.01%	0.01%
AMH	C	0.0%	0.02%	0.0%
AMT	D	0.02%	0.03%	0.02%
AMZN	B	0.37%	0.09%	0.09%
AON	B	0.17%	0.01%	0.01%
APD	A	0.03%	0.02%	0.02%
APH	B	0.43%	0.02%	0.02%
APTV	F	0.01%	0.01%	0.01%
ARE	F	0.01%	0.01%	0.01%
ATO	A	0.01%	0.02%	0.01%
AVB	B	0.01%	0.02%	0.01%
AVGO	C	0.12%	0.01%	0.01%
AVY	D	0.03%	0.02%	0.02%
AWK	C	0.01%	0.02%	0.01%
AXP	B	0.06%	0.11%	0.06%
AZO	C	0.29%	0.03%	0.03%
BA	D	0.01%	0.03%	0.01%
BAC	A	0.38%	0.01%	0.01%
BAX	F	0.01%	0.02%	0.01%
BBY	D	0.05%	0.02%	0.02%
BDX	F	0.08%	0.03%	0.03%
BEN	C	0.01%	0.04%	0.01%
BG	D	0.02%	0.03%	0.02%
BIIB	F	0.01%	0.07%	0.01%
BK	B	0.05%	0.01%	0.01%
BKNG	A	0.03%	0.03%	0.03%
BMY	A	0.21%	0.03%	0.03%
BR	B	0.04%	0.04%	0.04%
BRO	B	0.14%	0.02%	0.02%
BSX	A	0.02%	0.01%	0.01%
BXP	D	0.01%	0.02%	0.01%
C	B	0.25%	0.02%	0.02%
CAG	F	0.04%	0.01%	0.01%
CAH	B	0.12%	0.05%	0.05%
CARR	D	0.02%	0.04%	0.02%
CAT	C	0.39%	0.02%	0.02%
CB	C	0.38%	0.01%	0.01%
CBOE	C	0.24%	0.02%	0.02%
CCI	C	0.01%	0.03%	0.01%
CE	F	0.01%	0.02%	0.01%
CFG	B	0.04%	0.03%	0.03%
CHD	A	0.18%	0.02%	0.02%
CHRW	B	0.01%	0.03%	0.01%
CHTR	B	0.06%	0.06%	0.06%
CI	D	0.17%	0.02%	0.02%
CINF	A	0.02%	0.02%	0.02%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.17%	0.02%	0.02%
CME	A	0.15%	0.03%	0.03%
CMI	A	0.09%	0.04%	0.04%
CMS	C	0.05%	0.02%	0.02%
CNH	C	0.02%	0.04%	0.02%
CNP	A	0.01%	0.02%	0.01%
COF	B	0.1%	0.03%	0.03%
COP	B	0.1%	0.01%	0.01%
COST	A	0.75%	0.07%	0.07%
CPB	D	0.09%	0.03%	0.03%
CPT	C	0.0%	0.02%	0.0%
CRM	B	0.05%	0.07%	0.05%
CSL	C	0.03%	0.03%	0.03%
CSX	C	0.12%	0.02%	0.02%
CTAS	B	0.14%	0.05%	0.05%
CTVA	C	0.05%	0.02%	0.02%
CVS	F	0.18%	0.02%	0.02%
CVX	A	0.31%	0.01%	0.01%
D	C	0.06%	0.01%	0.01%
DAL	A	0.01%	0.03%	0.01%
DD	D	0.02%	0.1%	0.02%
DE	C	0.06%	0.01%	0.01%
DELL	B	0.01%	0.04%	0.01%
DFS	B	0.04%	0.01%	0.01%
DG	F	0.01%	0.03%	0.01%
DGX	A	0.1%	0.01%	0.01%
DHI	D	0.11%	0.02%	0.02%
DHR	D	0.05%	0.04%	0.04%
DIS	B	0.08%	0.03%	0.03%
DLR	A	0.02%	0.03%	0.02%
DLTR	F	0.01%	0.07%	0.01%
DOC	D	0.01%	0.01%	0.01%
DOV	B	0.05%	0.02%	0.02%
DOW	F	0.04%	0.01%	0.01%
DRI	C	0.03%	0.02%	0.02%
DT	C	0.0%	0.28%	0.0%
DTE	C	0.02%	0.01%	0.01%
DUK	C	0.36%	0.01%	0.01%
DVN	F	0.03%	0.01%	0.01%
EA	A	0.19%	0.04%	0.04%
EBAY	D	0.01%	0.04%	0.01%
ECL	D	0.01%	0.01%	0.01%
ED	C	0.36%	0.01%	0.01%
EFX	F	0.01%	0.03%	0.01%
EIX	C	0.02%	0.01%	0.01%
EL	F	0.01%	0.02%	0.01%
EMN	D	0.01%	0.03%	0.01%
EMR	A	0.03%	0.01%	0.01%
EOG	A	0.05%	0.05%	0.05%
EQH	B	0.01%	0.01%	0.01%
EQIX	A	0.01%	0.02%	0.01%
EQR	C	0.01%	0.02%	0.01%
ES	C	0.01%	0.01%	0.01%
ESS	A	0.01%	0.01%	0.01%
ETN	B	0.03%	0.03%	0.03%
ETR	A	0.03%	0.01%	0.01%
EVRG	A	0.01%	0.01%	0.01%
EW	C	0.07%	0.03%	0.03%
EXC	C	0.03%	0.01%	0.01%
EXPE	B	0.01%	0.05%	0.01%
EXR	C	0.01%	0.02%	0.01%
FANG	D	0.09%	0.04%	0.04%
FDX	B	0.07%	0.02%	0.02%
FIS	C	0.02%	0.03%	0.02%
FITB	B	0.03%	0.03%	0.03%
FNF	A	0.01%	0.02%	0.01%
FOXA	B	0.01%	0.03%	0.01%
FTNT	B	0.01%	0.02%	0.01%
GD	D	0.19%	0.01%	0.01%
GE	D	0.31%	0.04%	0.04%
GILD	C	0.25%	0.01%	0.01%
GIS	F	0.33%	0.04%	0.04%
GLPI	C	0.01%	0.03%	0.01%
GM	B	0.18%	0.02%	0.02%
GOOG	B	0.95%	0.01%	0.01%
GOOGL	B	1.08%	0.04%	0.04%
GPC	F	0.05%	0.02%	0.02%
GPN	C	0.02%	0.02%	0.02%
GS	B	0.17%	0.05%	0.05%
H	B	0.0%	0.02%	0.0%
HAL	C	0.02%	0.06%	0.02%
HBAN	B	0.03%	0.02%	0.02%
HCA	F	0.04%	0.05%	0.04%
HD	A	0.14%	0.03%	0.03%
HES	B	0.01%	0.02%	0.01%
HIG	B	0.03%	0.03%	0.03%
HII	F	0.01%	0.01%	0.01%
HON	B	0.25%	0.01%	0.01%
HPQ	B	0.04%	0.04%	0.04%
HRL	D	0.09%	0.01%	0.01%
HST	D	0.01%	0.03%	0.01%
HSY	F	0.16%	0.01%	0.01%
HUBB	B	0.04%	0.01%	0.01%
HUM	D	0.16%	0.01%	0.01%
IBM	C	0.48%	0.01%	0.01%
ICE	C	0.03%	0.03%	0.03%
IEX	B	0.03%	0.05%	0.03%
IFF	D	0.01%	0.02%	0.01%
ILMN	C	0.0%	0.03%	0.0%
INTC	C	0.1%	0.05%	0.05%
INTU	B	0.25%	0.02%	0.02%
INVH	D	0.01%	0.04%	0.01%
IPG	F	0.02%	0.02%	0.02%
ITW	B	0.14%	0.04%	0.04%
JBL	C	0.02%	0.03%	0.02%
JCI	B	0.03%	0.02%	0.02%
JNJ	D	1.11%	0.01%	0.01%
JNPR	D	0.13%	0.03%	0.03%
JPM	A	0.59%	0.01%	0.01%
K	B	0.22%	0.02%	0.02%
KDP	D	0.14%	0.03%	0.03%
KEY	B	0.03%	0.02%	0.02%
KEYS	C	0.18%	0.03%	0.03%
KIM	A	0.01%	0.02%	0.01%
KLAC	F	0.16%	0.04%	0.04%
KMB	C	0.11%	0.02%	0.02%
KMI	A	0.04%	0.01%	0.01%
KO	D	0.57%	0.01%	0.01%
KR	B	0.32%	0.01%	0.01%
L	A	0.17%	0.04%	0.04%
LDOS	C	0.01%	0.05%	0.01%
LEN	D	0.09%	0.01%	0.01%
LH	B	0.02%	0.01%	0.01%
LHX	B	0.03%	0.01%	0.01%
LII	A	0.0%	0.02%	0.0%
LIN	D	0.06%	0.03%	0.03%
LLY	F	1.17%	0.03%	0.03%
LMT	D	0.43%	0.04%	0.04%
LNT	A	0.03%	0.01%	0.01%
LOW	C	0.07%	0.01%	0.01%
LRCX	F	0.2%	0.04%	0.04%
LUV	B	0.0%	0.01%	0.0%
LVS	B	0.0%	0.04%	0.0%
LYB	F	0.03%	0.03%	0.03%
MA	B	0.7%	0.03%	0.03%
MAA	A	0.01%	0.01%	0.01%
MAR	B	0.01%	0.01%	0.01%
MAS	D	0.01%	0.02%	0.01%
MCD	D	0.41%	0.01%	0.01%
MCO	D	0.12%	0.02%	0.02%
MDLZ	F	0.15%	0.02%	0.02%
MDT	D	0.06%	0.02%	0.02%
MET	A	0.05%	0.07%	0.05%
MKC	D	0.01%	0.01%	0.01%
MKL	A	0.12%	0.01%	0.01%
MLM	B	0.01%	0.01%	0.01%
MMC	D	0.51%	0.04%	0.04%
MMM	D	0.14%	0.02%	0.02%
MO	A	0.04%	0.02%	0.02%
MOS	D	0.02%	0.04%	0.02%
MPC	D	0.17%	0.04%	0.04%
MRK	F	0.44%	0.06%	0.06%
MRO	A	0.02%	0.05%	0.02%
MRVL	B	0.01%	0.03%	0.01%
MS	A	0.11%	0.01%	0.01%
MSFT	D	2.29%	0.23%	0.23%
MSI	B	0.61%	0.02%	0.02%
MTB	A	0.05%	0.04%	0.04%
MU	D	0.04%	0.03%	0.03%
MUFG	A	0.13%	0.03%	0.03%
NDAQ	A	0.01%	0.03%	0.01%
NEE	C	0.05%	0.01%	0.01%
NEM	D	0.04%	0.05%	0.04%
NI	A	0.01%	0.03%	0.01%
NKE	F	0.16%	0.04%	0.04%
NOC	D	0.33%	0.02%	0.02%
NOW	B	0.01%	0.07%	0.01%
NSC	B	0.03%	0.01%	0.01%
NTAP	C	0.04%	0.03%	0.03%
NTRS	A	0.02%	0.02%	0.02%
NUE	D	0.05%	0.02%	0.02%
NVDA	A	2.56%	0.06%	0.06%
NVR	D	0.06%	0.05%	0.05%
NXPI	F	0.02%	0.03%	0.02%
O	C	0.02%	0.03%	0.02%
OC	A	0.03%	0.02%	0.02%
OKE	A	0.03%	0.01%	0.01%
OMC	C	0.04%	0.03%	0.03%
ORCL	A	0.25%	0.02%	0.02%
ORLY	B	0.24%	0.01%	0.01%
OTIS	C	0.01%	0.04%	0.01%
PCG	A	0.03%	0.01%	0.01%
PEG	C	0.02%	0.01%	0.01%
PEP	F	0.79%	0.02%	0.02%
PFE	F	0.19%	0.03%	0.03%
PFG	C	0.02%	0.02%	0.02%
PG	C	0.89%	0.04%	0.04%
PGR	B	0.35%	0.01%	0.01%
PH	B	0.02%	0.05%	0.02%
PHM	D	0.06%	0.03%	0.03%
PKG	B	0.04%	0.02%	0.02%
PLD	D	0.04%	0.01%	0.01%
PM	A	0.07%	0.02%	0.02%
PNC	B	0.09%	0.01%	0.01%
PNR	B	0.03%	0.01%	0.01%
PPG	F	0.01%	0.02%	0.01%
PRU	B	0.05%	0.02%	0.02%
PSA	C	0.08%	0.01%	0.01%
PSX	C	0.13%	0.04%	0.04%
PWR	A	0.01%	0.05%	0.01%
PYPL	B	0.04%	0.05%	0.04%
QCOM	F	0.34%	0.05%	0.05%
QRVO	F	0.0%	0.05%	0.0%
REG	A	0.01%	0.02%	0.01%
REGN	F	0.33%	0.06%	0.06%
RF	A	0.03%	0.03%	0.03%
RJF	A	0.02%	0.07%	0.02%
ROK	B	0.06%	0.01%	0.01%
ROP	C	0.49%	0.03%	0.03%
ROST	D	0.02%	0.02%	0.02%
RPM	B	0.01%	0.03%	0.01%
RPRX	F	0.01%	0.02%	0.01%
RS	B	0.02%	0.02%	0.02%
RSG	A	0.45%	0.01%	0.01%
RTX	D	0.09%	0.01%	0.01%
SBUX	A	0.04%	0.02%	0.02%
SCHW	A	0.04%	0.01%	0.01%
SHW	C	0.14%	0.02%	0.02%
SJM	D	0.07%	0.03%	0.03%
SLB	C	0.03%	0.05%	0.03%
SNA	B	0.04%	0.01%	0.01%
SO	C	0.45%	0.02%	0.02%
SPG	A	0.02%	0.01%	0.01%
SPGI	D	0.03%	0.02%	0.02%
SRE	A	0.03%	0.03%	0.03%
STE	D	0.01%	0.05%	0.01%
STLD	B	0.03%	0.02%	0.02%
STT	B	0.03%	0.01%	0.01%
STZ	D	0.01%	0.02%	0.01%
SUI	C	0.01%	0.01%	0.01%
SWK	F	0.01%	0.03%	0.01%
SWKS	F	0.03%	0.03%	0.03%
SYF	B	0.04%	0.03%	0.03%
SYK	A	0.03%	0.02%	0.02%
SYY	D	0.03%	0.05%	0.03%
T	A	0.38%	0.05%	0.05%
TD	D	0.12%	0.05%	0.05%
TDY	B	0.06%	0.03%	0.03%
TFC	A	0.09%	0.02%	0.02%
TGT	B	0.14%	0.02%	0.02%
TJX	A	0.33%	0.01%	0.01%
TMO	F	0.06%	0.03%	0.03%
TMUS	B	0.73%	0.09%	0.09%
TRMB	B	0.01%	0.03%	0.01%
TSCO	D	0.06%	0.03%	0.03%
TSN	B	0.13%	0.06%	0.06%
TT	A	0.14%	0.03%	0.03%
TXN	C	0.51%	0.02%	0.02%
TXT	D	0.01%	0.01%	0.01%
UDR	C	0.0%	0.01%	0.0%
UHS	D	0.01%	0.04%	0.01%
UNH	C	1.34%	0.01%	0.01%
UNP	D	0.27%	0.02%	0.02%
UPS	C	0.07%	0.03%	0.03%
URI	B	0.02%	0.04%	0.02%
USB	B	0.09%	0.01%	0.01%
V	A	1.19%	0.03%	0.03%
VLO	C	0.07%	0.03%	0.03%
VMC	B	0.01%	0.02%	0.01%
VRSK	B	0.01%	0.06%	0.01%
VRSN	F	0.14%	0.04%	0.04%
VTR	B	0.01%	0.02%	0.01%
VTRS	A	0.03%	0.04%	0.03%
VZ	C	0.56%	0.04%	0.04%
WAB	B	0.01%	0.04%	0.01%
WBA	F	0.04%	0.02%	0.02%
WEC	A	0.19%	0.01%	0.01%
WELL	A	0.02%	0.01%	0.01%
WFC	A	0.27%	0.01%	0.01%
WLK	F	0.0%	0.01%	0.0%
WM	B	0.52%	0.01%	0.01%
WMB	A	0.19%	0.01%	0.01%
WMT	A	0.75%	0.01%	0.01%
WPC	C	0.01%	0.02%	0.01%
WTRG	B	0.01%	0.03%	0.01%
WY	D	0.02%	0.01%	0.01%
XEL	A	0.08%	0.01%	0.01%
XOM	B	0.47%	0.01%	0.01%
XYL	D	0.01%	0.02%	0.01%
ZBH	C	0.01%	0.05%	0.01%
ZTS	D	0.15%	0.02%	0.02%

QWLD Overweight 258 Positions Relative to VCIT

Symbol	Grade	Weight
META	C	2.14%
CSCO	B	1.02%
NVS	D	0.81%
BRK.A	B	0.72%
ACN	C	0.65%
NFLX	A	0.51%
MCK	A	0.51%
VRTX	D	0.45%
COR	B	0.42%
TRV	A	0.29%
UL	D	0.27%
WCN	A	0.26%
ISRG	A	0.25%
HSBH	A	0.25%
GDDY	A	0.23%
ELV	F	0.22%
MFG	A	0.22%
CTSH	C	0.21%
KHC	F	0.21%
ANET	C	0.21%
CL	D	0.19%
BAH	D	0.18%
PANW	B	0.18%
AJG	B	0.18%
CHKP	D	0.17%
INCY	C	0.16%
UTHR	C	0.16%
FFIV	B	0.16%
YUM	D	0.15%
CDNS	B	0.14%
TSLA	A	0.14%
WRB	B	0.14%
TM	D	0.14%
SNPS	C	0.13%
AKAM	F	0.13%
CMG	C	0.13%
FCNCA	A	0.12%
GEN	B	0.12%
E	F	0.12%
ERIE	F	0.12%
CF	A	0.12%
DEO	F	0.11%
BCS	B	0.11%
GWW	B	0.11%
NBIX	C	0.11%
PCAR	C	0.11%
SMFG	A	0.1%
CNI	F	0.1%
PAYX	B	0.1%
LYG	C	0.09%
FAST	B	0.09%
AMP	A	0.09%
F	C	0.09%
KVUE	A	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%
ULTA	F	0.07%
JKHY	D	0.07%
MNST	C	0.07%
HMC	F	0.07%
LULU	C	0.07%
BMRN	F	0.07%
IDXX	F	0.07%
WTW	B	0.07%
MPWR	F	0.06%
EG	D	0.06%
WBD	B	0.06%
LOGI	F	0.06%
DPZ	C	0.06%
MCHP	F	0.06%
MOH	F	0.06%
VEEV	C	0.05%
VLTO	C	0.05%
DECK	A	0.05%
DINO	D	0.05%
MT	B	0.05%
CNC	F	0.05%
LNG	A	0.05%
TROW	B	0.05%
RMD	C	0.05%
TPL	A	0.05%
GRMN	B	0.05%
IT	C	0.04%
AMD	F	0.04%
HPE	B	0.04%
EXPD	D	0.04%
WST	D	0.04%
MANH	D	0.04%
WDAY	C	0.04%
TRGP	A	0.04%
WAT	C	0.04%
FICO	B	0.04%
EME	A	0.04%
LPLA	A	0.04%
BLDR	D	0.04%
BTI	C	0.04%
GGG	B	0.03%
TER	F	0.03%
BX	A	0.03%
FCX	F	0.03%
FDS	B	0.03%
APA	F	0.03%
CBRE	B	0.03%
POOL	D	0.03%
SW	A	0.03%
JBHT	C	0.03%
SOLV	F	0.03%
WSO	A	0.03%
WSM	D	0.03%
OXY	F	0.03%
PARA	D	0.02%
NRG	B	0.02%
ACI	C	0.02%
ALLY	C	0.02%
NMR	B	0.02%
TTC	F	0.02%
APO	A	0.02%
MKTX	D	0.02%
SEIC	B	0.02%
AOS	F	0.02%
GEHC	D	0.02%
OVV	C	0.02%
SMCI	F	0.02%
CEG	C	0.02%
ENPH	F	0.02%
CTRA	B	0.02%
VICI	C	0.02%
EPAM	C	0.02%
PAYC	B	0.02%
GLW	B	0.02%
NDSN	D	0.02%
IP	A	0.02%
DKS	D	0.02%
BKR	B	0.02%
KKR	A	0.02%
GEV	A	0.02%
ARES	A	0.01%
MGM	D	0.01%
CTLT	D	0.01%
DVA	C	0.01%
FSLR	F	0.01%
UHAL	D	0.01%
SBAC	D	0.01%
RCL	A	0.01%
FBIN	F	0.01%
TTWO	A	0.01%
FOX	A	0.01%
BURL	A	0.01%
COIN	A	0.01%
NWSA	B	0.01%
IRM	C	0.01%
TRU	D	0.01%
CCL	A	0.01%
TWLO	A	0.01%
MBAVU	A	0.01%
AVTR	F	0.01%
HLT	A	0.01%
HSIC	C	0.01%
STX	D	0.01%
CCEP	D	0.01%
CG	B	0.01%
ZM	B	0.01%
HWM	A	0.01%
ACM	B	0.01%
RVTY	D	0.01%
AGCO	F	0.01%
CHRD	F	0.01%
CCK	D	0.01%
ZBRA	B	0.01%
BALL	D	0.01%
CPAY	A	0.01%
SE	A	0.01%
SSNC	C	0.01%
FTV	D	0.01%
LKQ	F	0.01%
WFG	C	0.01%
TDG	D	0.01%
IR	B	0.01%
ALB	B	0.01%
ABNB	D	0.01%
KNX	B	0.01%
HOLX	D	0.01%
MRNA	F	0.01%
WDC	F	0.01%
VST	A	0.01%
BSY	D	0.01%
J	D	0.01%
TAP	B	0.01%
UBER	F	0.01%
AME	A	0.01%
IQV	F	0.01%
CRBG	B	0.01%
FE	C	0.01%
PPL	A	0.01%
SQ	A	0.01%
EQT	A	0.01%
MELI	D	0.01%
ON	F	0.01%
KMX	C	0.01%
GLBE	A	0.0%
IOT	A	0.0%
NET	B	0.0%
XRX	F	0.0%
TOST	A	0.0%
RBLX	B	0.0%
DKNG	B	0.0%
DDOG	A	0.0%
SNAP	D	0.0%
PSTG	F	0.0%
HEI	A	0.0%
FUTU	C	0.0%
PODD	B	0.0%
DOCU	B	0.0%
SNOW	C	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%
CRWD	B	0.0%
OKTA	D	0.0%
APP	A	0.0%
TYL	B	0.0%
Z	A	0.0%
HOOD	A	0.0%
ELS	B	0.0%
TTD	B	0.0%
HEI	A	0.0%
TW	A	0.0%
RIVN	F	0.0%
ENTG	F	0.0%
AXON	A	0.0%
LYV	A	0.0%
MSCI	B	0.0%
PLTR	A	0.0%
VRT	A	0.0%
QGEN	F	0.0%
BBWI	C	0.0%
LW	C	0.0%
CSGP	F	0.0%
TFX	F	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%
DASH	A	0.0%

QWLD Underweight 138 Positions Relative to VCIT

Symbol	Grade	Weight
WIT	B	-0.15%
DB	D	-0.07%
BABA	D	-0.07%
KOF	F	-0.06%
BMO	A	-0.05%
ARCC	A	-0.05%
BHF	C	-0.05%
AZN	F	-0.05%
NWG	B	-0.05%
AGR	A	-0.04%
AMG	C	-0.04%
XRAY	D	-0.04%
EXP	B	-0.04%
PAA	B	-0.04%
BLK	B	-0.04%
MPLX	A	-0.04%
ET	A	-0.04%
GSK	F	-0.04%
VOD	D	-0.04%
KEX	B	-0.03%
HRB	D	-0.03%
INGR	B	-0.03%
KSS	F	-0.03%
FHN	A	-0.03%
FAF	C	-0.03%
AYI	B	-0.03%
BNS	A	-0.03%
BERY	D	-0.03%
SBRA	B	-0.03%
HP	C	-0.03%
JD	D	-0.03%
DXC	D	-0.03%
FLS	A	-0.03%
DOX	D	-0.03%
BC	D	-0.03%
CNO	B	-0.03%
CMA	B	-0.03%
AGO	A	-0.03%
ARW	F	-0.03%
AAT	A	-0.03%
BDN	C	-0.03%
TEL	C	-0.03%
WB	C	-0.03%
ZION	B	-0.03%
VNT	C	-0.03%
RL	C	-0.03%
SCS	B	-0.03%
SON	F	-0.03%
SNX	D	-0.03%
RGA	B	-0.03%
FMC	D	-0.03%
VFC	C	-0.03%
FLEX	B	-0.03%
EPD	A	-0.03%
UNM	A	-0.02%
TME	F	-0.02%
R	B	-0.02%
SKT	A	-0.02%
SITC	D	-0.02%
SAFE	F	-0.02%
AVT	C	-0.02%
BKU	A	-0.02%
AN	D	-0.02%
NVT	C	-0.02%
HR	C	-0.02%
GXO	B	-0.02%
EPRT	A	-0.02%
FRT	B	-0.02%
WU	F	-0.02%
TKR	F	-0.02%
RYN	D	-0.02%
SF	B	-0.02%
NOV	D	-0.02%
NHI	D	-0.02%
MHK	D	-0.02%
DSS	F	-0.02%
WBS	A	-0.02%
VOYA	B	-0.02%
VNO	C	-0.02%
FSK	A	-0.02%
OSK	C	-0.02%
MCY	B	-0.02%
PDM	D	-0.02%
LEG	F	-0.02%
LAZ	B	-0.02%
KRC	C	-0.02%
PRE	C	-0.02%
LNC	B	-0.02%
GL	C	-0.02%
EPR	D	-0.02%
CP	F	-0.02%
LEA	F	-0.02%
HUN	F	-0.02%
BIDU	F	-0.02%
ESGR	B	-0.02%
JEF	A	-0.02%
GBDC	B	-0.01%
SAVE	F	-0.01%
OCSL	F	-0.01%
PSEC	D	-0.01%
NEU	D	-0.01%
OGS	A	-0.01%
KRG	A	-0.01%
WTFC	B	-0.01%
CBT	C	-0.01%
KMT	C	-0.01%
THG	A	-0.01%
CHH	A	-0.01%
ADC	A	-0.01%
KMPR	A	-0.01%
PNW	B	-0.01%
RNR	C	-0.01%
AAL	B	-0.01%
LXP	D	-0.01%
NFG	A	-0.01%
OPI	F	-0.01%
HPP	F	-0.01%
CUBE	C	-0.01%
BKH	A	-0.01%
SWX	A	-0.01%
OGE	A	-0.01%
GP	F	-0.01%
HIW	D	-0.01%
FLO	D	-0.01%
AXS	A	-0.01%
REXR	F	-0.01%
CNA	C	-0.01%
AAP	D	-0.01%
NNN	C	-0.01%
AL	B	-0.01%
OHI	B	-0.01%
HAS	D	-0.01%
BWA	D	-0.01%
WHR	B	-0.01%
WEST	C	-0.01%
BRX	A	-0.01%
UAL	A	-0.01%
HSBC	A	-0.01%