RWL vs. QUS ETF Comparison

Comparison of RevenueShares Large Cap ETF (RWL) to SPDR MSCI USA Quality Mix ETF (QUS)

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$101.67

Average Daily Volume

130,524

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$160.51

Average Daily Volume

15,309

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

Performance

Period	RWL	QUS
30 Days	2.49%	0.81%
60 Days	5.67%	3.38%
90 Days	7.29%	5.17%
12 Months	28.17%	29.60%

483 Overlapping Holdings

	Symbol	Grade	Weight in RWL	Weight in QUS	Overlap
	A	F	0.04%	0.11%	0.04%
	AAPL	C	2.12%	3.19%	2.12%
	ABBV	F	0.31%	0.58%	0.31%
	ABNB	C	0.07%	0.02%	0.02%
	ABT	C	0.22%	0.15%	0.15%
	ACGL	C	0.08%	0.37%	0.08%
	ACN	B	0.36%	1.16%	0.36%
	ADBE	C	0.11%	0.69%	0.11%
	ADI	D	0.05%	0.15%	0.05%
	ADM	F	0.43%	0.08%	0.08%
	ADP	A	0.12%	0.54%	0.12%
	ADSK	B	0.04%	0.16%	0.04%
	AEE	B	0.04%	0.11%	0.04%
	AEP	D	0.1%	0.18%	0.1%
	AES	F	0.05%	0.01%	0.01%
	AFL	C	0.11%	0.21%	0.11%
	AIG	B	0.24%	0.12%	0.12%
	AIZ	A	0.07%	0.12%	0.07%
	AJG	A	0.06%	0.45%	0.06%
	AKAM	F	0.02%	0.14%	0.02%
	ALB	C	0.05%	0.02%	0.02%
	ALGN	D	0.02%	0.01%	0.01%
	ALL	B	0.33%	0.06%	0.06%
	ALLE	D	0.02%	0.04%	0.02%
	AMAT	F	0.15%	0.53%	0.15%
	AMCR	D	0.07%	0.02%	0.02%
	AMD	F	0.12%	0.07%	0.07%
	AME	A	0.04%	0.02%	0.02%
	AMGN	F	0.16%	0.31%	0.16%
	AMP	A	0.12%	0.04%	0.04%
	AMT	F	0.05%	0.04%	0.04%
	AMZN	A	3.69%	0.69%	0.69%
	ANET	C	0.04%	0.41%	0.04%
	ANSS	B	0.01%	0.01%	0.01%
	AON	B	0.09%	0.21%	0.09%
	AOS	F	0.02%	0.03%	0.02%
	APA	F	0.05%	0.04%	0.04%
	APD	B	0.07%	0.04%	0.04%
	APH	B	0.08%	0.73%	0.08%
	APTV	F	0.09%	0.02%	0.02%
	ARE	F	0.01%	0.02%	0.01%
	ATO	B	0.02%	0.04%	0.02%
	AVB	B	0.02%	0.02%	0.02%
	AVGO	C	0.28%	0.63%	0.28%
	AVY	F	0.04%	0.01%	0.01%
	AWK	D	0.02%	0.02%	0.02%
	AXON	B	0.01%	0.0%	0.0%
	AXP	B	0.45%	0.1%	0.1%
	AZO	B	0.1%	0.35%	0.1%
	BA	F	0.38%	0.02%	0.02%
	BAC	A	1.22%	0.66%	0.66%
	BALL	D	0.06%	0.02%	0.02%
	BAX	F	0.07%	0.02%	0.02%
	BBY	C	0.21%	0.09%	0.09%
	BDX	F	0.11%	0.24%	0.11%
	BEN	C	0.05%	0.01%	0.01%
	BG	D	0.27%	0.04%	0.04%
	BIIB	F	0.05%	0.02%	0.02%
	BK	B	0.24%	0.09%	0.09%
	BKNG	A	0.16%	0.04%	0.04%
	BKR	B	0.19%	0.04%	0.04%
	BLDR	C	0.09%	0.08%	0.08%
	BMY	B	0.29%	0.32%	0.29%
	BR	A	0.04%	0.03%	0.03%
	BRK.A	B	2.13%	1.06%	1.06%
	BRO	B	0.03%	0.01%	0.01%
	BSX	A	0.09%	0.04%	0.04%
	BX	A	0.07%	0.04%	0.04%
	BXP	D	0.02%	0.02%	0.02%
	C	B	1.11%	0.44%	0.44%
	CAG	F	0.06%	0.02%	0.02%
	CAH	B	1.28%	0.12%	0.12%
	CARR	C	0.13%	0.04%	0.04%
	CAT	B	0.44%	0.63%	0.44%
	CB	C	0.29%	0.62%	0.29%
	CBOE	D	0.02%	0.28%	0.02%
	CBRE	B	0.2%	0.05%	0.05%
	CCI	F	0.03%	0.03%	0.03%
	CCL	B	0.18%	0.01%	0.01%
	CDNS	B	0.03%	0.29%	0.03%
	CDW	F	0.11%	0.21%	0.11%
	CE	F	0.04%	0.01%	0.01%
	CEG	D	0.15%	0.03%	0.03%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.08%	0.06%	0.06%
	CHD	A	0.03%	0.14%	0.03%
	CHRW	A	0.1%	0.02%	0.02%
	CHTR	B	0.36%	0.09%	0.09%
	CI	D	1.03%	0.23%	0.23%
	CINF	A	0.06%	0.03%	0.03%
	CL	F	0.09%	0.16%	0.09%
	CLX	A	0.04%	0.01%	0.01%
	CMCSA	B	0.76%	0.42%	0.42%
	CME	B	0.03%	0.22%	0.03%
	CMG	B	0.06%	0.22%	0.06%
	CMI	A	0.22%	0.16%	0.16%
	CMS	D	0.04%	0.08%	0.04%
	CNC	F	0.72%	0.09%	0.09%
	CNP	B	0.05%	0.02%	0.02%
	COF	B	0.39%	0.16%	0.16%
	COP	C	0.34%	0.16%	0.16%
	COR	B	1.6%	0.36%	0.36%
	COST	B	1.37%	1.33%	1.33%
	CPAY	A	0.02%	0.02%	0.02%
	CPB	F	0.05%	0.12%	0.05%
	CPRT	A	0.03%	0.14%	0.03%
	CPT	C	0.01%	0.01%	0.01%
	CRL	C	0.02%	0.01%	0.01%
	CRM	B	0.24%	0.11%	0.11%
	CRWD	B	0.02%	0.06%	0.02%
	CSCO	A	0.34%	1.32%	0.34%
	CSGP	F	0.01%	0.01%	0.01%
	CSX	B	0.09%	0.05%	0.05%
	CTAS	B	0.05%	0.24%	0.05%
	CTLT	D	0.02%	0.01%	0.01%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	A	0.11%	0.4%	0.11%
	CTVA	C	0.1%	0.17%	0.1%
	CVS	F	2.13%	0.3%	0.3%
	CVX	A	1.22%	0.52%	0.52%
	D	D	0.08%	0.13%	0.08%
	DAL	A	0.46%	0.01%	0.01%
	DAY	B	0.01%	0.0%	0.0%
	DD	D	0.07%	0.04%	0.04%
	DE	D	0.32%	0.1%	0.1%
	DECK	B	0.03%	0.08%	0.03%
	DELL	C	0.61%	0.06%	0.06%
	DFS	B	0.17%	0.07%	0.07%
	DG	F	0.2%	0.02%	0.02%
	DGX	B	0.05%	0.06%	0.05%
	DHI	D	0.18%	0.19%	0.18%
	DHR	F	0.12%	0.09%	0.09%
	DIS	B	0.54%	0.15%	0.15%
	DLR	C	0.03%	0.04%	0.03%
	DLTR	F	0.15%	0.02%	0.02%
	DOC	C	0.01%	0.01%	0.01%
	DOV	A	0.05%	0.02%	0.02%
	DOW	F	0.23%	0.06%	0.06%
	DPZ	C	0.03%	0.07%	0.03%
	DRI	B	0.07%	0.01%	0.01%
	DTE	D	0.06%	0.09%	0.06%
	DUK	D	0.16%	0.59%	0.16%
	DVA	C	0.06%	0.01%	0.01%
	DVN	F	0.09%	0.04%	0.04%
	DXCM	C	0.02%	0.0%	0.0%
	EA	A	0.04%	0.3%	0.04%
	EBAY	C	0.05%	0.02%	0.02%
	ECL	C	0.08%	0.02%	0.02%
	ED	D	0.08%	0.42%	0.08%
	EFX	F	0.03%	0.01%	0.01%
	EG	D	0.08%	0.17%	0.08%
	EIX	C	0.09%	0.04%	0.04%
	EL	F	0.06%	0.01%	0.01%
	ELV	F	0.74%	0.3%	0.3%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.12%	0.05%	0.05%
	ENPH	F	0.01%	0.03%	0.01%
	EOG	A	0.14%	0.15%	0.14%
	EPAM	B	0.03%	0.04%	0.03%
	EQIX	B	0.05%	0.02%	0.02%
	EQR	C	0.01%	0.02%	0.01%
	EQT	B	0.03%	0.03%	0.03%
	ERIE	F	0.02%	0.17%	0.02%
	ES	D	0.06%	0.02%	0.02%
	ESS	C	0.01%	0.01%	0.01%
	ETN	B	0.16%	0.05%	0.05%
	ETR	B	0.08%	0.05%	0.05%
	EVRG	A	0.03%	0.02%	0.02%
	EW	F	0.03%	0.12%	0.03%
	EXC	C	0.12%	0.05%	0.05%
	EXPD	C	0.05%	0.06%	0.05%
	EXPE	B	0.09%	0.02%	0.02%
	EXR	D	0.02%	0.02%	0.02%
	F	C	1.04%	0.16%	0.16%
	FANG	C	0.05%	0.22%	0.05%
	FAST	B	0.05%	0.15%	0.05%
	FCX	F	0.15%	0.04%	0.04%
	FDS	A	0.01%	0.05%	0.01%
	FDX	B	0.47%	0.11%	0.11%
	FE	D	0.07%	0.02%	0.02%
	FFIV	B	0.02%	0.23%	0.02%
	FI	A	0.13%	0.3%	0.13%
	FICO	B	0.01%	0.21%	0.01%
	FIS	B	0.06%	0.03%	0.03%
	FITB	A	0.08%	0.06%	0.06%
	FOX	A	0.04%	0.01%	0.01%
	FOXA	A	0.04%	0.02%	0.02%
	FSLR	F	0.02%	0.03%	0.02%
	FTNT	B	0.03%	0.01%	0.01%
	FTV	C	0.03%	0.02%	0.02%
	GD	C	0.25%	0.07%	0.07%
	GDDY	B	0.03%	0.32%	0.03%
	GE	D	0.21%	0.11%	0.11%
	GEHC	D	0.11%	0.03%	0.03%
	GEN	B	0.02%	0.13%	0.02%
	GEV	B	0.26%	0.05%	0.05%
	GILD	B	0.17%	0.46%	0.17%
	GIS	F	0.1%	0.26%	0.1%
	GLW	B	0.08%	0.14%	0.08%
	GM	B	1.16%	0.3%	0.3%
	GOOG	C	1.02%	1.13%	1.02%
	GOOGL	C	1.01%	1.22%	1.01%
	GPC	D	0.11%	0.02%	0.02%
	GPN	B	0.06%	0.04%	0.04%
	GRMN	A	0.04%	0.2%	0.04%
	GS	B	0.83%	0.29%	0.29%
	GWW	B	0.11%	0.2%	0.11%
	HAL	C	0.14%	0.03%	0.03%
	HBAN	A	0.08%	0.05%	0.05%
	HCA	D	0.33%	0.06%	0.06%
	HD	B	0.86%	0.34%	0.34%
	HES	B	0.08%	0.02%	0.02%
	HIG	C	0.14%	0.09%	0.09%
	HII	F	0.05%	0.01%	0.01%
	HLT	A	0.07%	0.01%	0.01%
	HOLX	D	0.02%	0.07%	0.02%
	HON	B	0.22%	0.49%	0.22%
	HPE	B	0.2%	0.06%	0.06%
	HPQ	B	0.32%	0.07%	0.07%
	HRL	F	0.06%	0.08%	0.06%
	HSIC	F	0.07%	0.01%	0.01%
	HST	D	0.03%	0.01%	0.01%
	HSY	F	0.05%	0.18%	0.05%
	HUBB	C	0.04%	0.07%	0.04%
	HUM	D	0.55%	0.2%	0.2%
	HWM	B	0.05%	0.01%	0.01%
	IBM	D	0.34%	0.69%	0.34%
	ICE	C	0.06%	0.14%	0.06%
	IDXX	F	0.02%	0.12%	0.02%
	IEX	B	0.02%	0.05%	0.02%
	IFF	F	0.05%	0.02%	0.02%
	INCY	B	0.03%	0.22%	0.03%
	INTC	C	0.39%	0.18%	0.18%
	INTU	A	0.09%	0.04%	0.04%
	INVH	D	0.01%	0.01%	0.01%
	IP	B	0.12%	0.04%	0.04%
	IPG	F	0.06%	0.02%	0.02%
	IQV	F	0.08%	0.02%	0.02%
	IR	A	0.04%	0.02%	0.02%
	IRM	D	0.03%	0.01%	0.01%
	ISRG	A	0.04%	0.03%	0.03%
	IT	B	0.04%	0.13%	0.04%
	ITW	B	0.1%	0.27%	0.1%
	J	D	0.1%	0.02%	0.02%
	JBHT	C	0.08%	0.05%	0.05%
	JBL	C	0.22%	0.03%	0.03%
	JCI	A	0.17%	0.05%	0.05%
	JKHY	C	0.01%	0.04%	0.01%
	JNJ	D	0.45%	1.62%	0.45%
	JNPR	D	0.03%	0.17%	0.03%
	JPM	A	1.78%	1.01%	1.01%
	K	A	0.07%	0.28%	0.07%
	KDP	C	0.07%	0.24%	0.07%
	KEY	B	0.07%	0.04%	0.04%
	KEYS	C	0.03%	0.28%	0.03%
	KHC	F	0.14%	0.18%	0.14%
	KIM	A	0.01%	0.02%	0.01%
	KKR	B	0.16%	0.04%	0.04%
	KLAC	F	0.05%	0.32%	0.05%
	KMB	D	0.1%	0.1%	0.1%
	KMI	B	0.1%	0.06%	0.06%
	KMX	B	0.14%	0.03%	0.03%
	KO	F	0.23%	0.82%	0.23%
	KR	A	0.88%	0.32%	0.32%
	KVUE	A	0.08%	0.04%	0.04%
	L	A	0.1%	0.12%	0.1%
	LDOS	C	0.11%	0.02%	0.02%
	LEN	D	0.18%	0.06%	0.06%
	LH	B	0.07%	0.03%	0.03%
	LHX	B	0.13%	0.04%	0.04%
	LIN	D	0.18%	0.15%	0.15%
	LKQ	C	0.07%	0.02%	0.02%
	LLY	F	0.18%	2.09%	0.18%
	LMT	D	0.38%	0.75%	0.38%
	LNT	C	0.02%	0.05%	0.02%
	LOW	B	0.47%	0.12%	0.12%
	LRCX	F	0.08%	0.33%	0.08%
	LULU	B	0.06%	0.12%	0.06%
	LUV	B	0.16%	0.01%	0.01%
	LVS	C	0.08%	0.01%	0.01%
	LW	B	0.04%	0.03%	0.03%
	LYB	F	0.21%	0.04%	0.04%
	LYV	A	0.17%	0.01%	0.01%
	MA	B	0.15%	1.66%	0.15%
	MAA	C	0.01%	0.01%	0.01%
	MAR	A	0.16%	0.02%	0.02%
	MAS	D	0.04%	0.01%	0.01%
	MCD	C	0.14%	0.5%	0.14%
	MCHP	F	0.03%	0.11%	0.03%
	MCK	B	1.83%	0.6%	0.6%
	MCO	C	0.03%	0.21%	0.03%
	MDLZ	F	0.17%	0.22%	0.17%
	MDT	D	0.18%	0.15%	0.15%
	MET	C	0.41%	0.08%	0.08%
	META	B	0.9%	2.41%	0.9%
	MGM	D	0.1%	0.01%	0.01%
	MKC	D	0.03%	0.01%	0.01%
	MKTX	C	0.0%	0.03%	0.0%
	MLM	B	0.04%	0.02%	0.02%
	MMC	D	0.13%	0.68%	0.13%
	MMM	C	0.14%	0.28%	0.14%
	MNST	B	0.04%	0.12%	0.04%
	MO	A	0.11%	0.06%	0.06%
	MOH	F	0.19%	0.14%	0.14%
	MOS	D	0.07%	0.03%	0.03%
	MPC	D	0.77%	0.31%	0.31%
	MPWR	F	0.01%	0.1%	0.01%
	MRK	F	0.3%	0.48%	0.3%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.04%	0.04%	0.04%
	MS	A	0.76%	0.19%	0.19%
	MSCI	B	0.02%	0.01%	0.01%
	MSFT	C	1.32%	2.68%	1.32%
	MSI	B	0.06%	0.64%	0.06%
	MTB	A	0.09%	0.08%	0.08%
	MTCH	F	0.02%	0.01%	0.01%
	MTD	F	0.02%	0.01%	0.01%
	MU	D	0.14%	0.08%	0.08%
	NDAQ	B	0.04%	0.02%	0.02%
	NDSN	B	0.02%	0.01%	0.01%
	NEE	D	0.12%	0.09%	0.09%
	NEM	F	0.07%	0.2%	0.07%
	NFLX	A	0.22%	0.13%	0.13%
	NI	A	0.03%	0.02%	0.02%
	NKE	F	0.27%	0.27%	0.27%
	NOC	D	0.23%	0.57%	0.23%
	NOW	A	0.06%	0.26%	0.06%
	NRG	C	0.18%	0.03%	0.03%
	NSC	B	0.07%	0.05%	0.05%
	NTAP	D	0.04%	0.16%	0.04%
	NTRS	A	0.1%	0.03%	0.03%
	NUE	D	0.21%	0.08%	0.08%
	NVDA	A	0.65%	2.8%	0.65%
	NVR	D	0.05%	0.11%	0.05%
	NWSA	B	0.03%	0.01%	0.01%
	NXPI	F	0.07%	0.03%	0.03%
	O	D	0.02%	0.04%	0.02%
	ODFL	B	0.04%	0.14%	0.04%
	OKE	A	0.12%	0.05%	0.05%
	OMC	A	0.09%	0.07%	0.07%
	ON	F	0.04%	0.02%	0.02%
	ORCL	A	0.33%	0.54%	0.33%
	ORLY	A	0.1%	0.25%	0.1%
	OTIS	D	0.08%	0.04%	0.04%
	OXY	F	0.15%	0.1%	0.1%
	PANW	B	0.05%	0.31%	0.05%
	PARA	B	0.17%	0.03%	0.03%
	PAYC	B	0.01%	0.04%	0.01%
	PAYX	B	0.03%	0.17%	0.03%
	PCAR	B	0.24%	0.06%	0.06%
	PCG	A	0.14%	0.06%	0.06%
	PEG	C	0.05%	0.04%	0.04%
	PEP	D	0.47%	1.03%	0.47%
	PFE	F	0.29%	0.34%	0.29%
	PFG	C	0.09%	0.03%	0.03%
	PG	C	0.43%	0.57%	0.43%
	PGR	A	0.38%	0.65%	0.38%
	PH	A	0.13%	0.04%	0.04%
	PHM	D	0.09%	0.11%	0.09%
	PKG	B	0.05%	0.09%	0.05%
	PLD	D	0.04%	0.08%	0.04%
	PLTR	B	0.02%	0.01%	0.01%
	PM	B	0.2%	0.11%	0.11%
	PNC	B	0.21%	0.16%	0.16%
	PNR	A	0.03%	0.01%	0.01%
	PODD	B	0.01%	0.0%	0.0%
	POOL	D	0.03%	0.04%	0.03%
	PPG	F	0.1%	0.02%	0.02%
	PPL	A	0.05%	0.02%	0.02%
	PRU	B	0.36%	0.08%	0.08%
	PSA	D	0.02%	0.14%	0.02%
	PSX	C	0.84%	0.14%	0.14%
	PTC	B	0.01%	0.18%	0.01%
	PWR	B	0.14%	0.02%	0.02%
	PYPL	A	0.2%	0.07%	0.07%
	QCOM	F	0.21%	0.57%	0.21%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.11%	0.01%	0.01%
	REG	A	0.01%	0.01%	0.01%
	REGN	F	0.05%	0.27%	0.05%
	RF	A	0.06%	0.06%	0.06%
	RJF	A	0.11%	0.03%	0.03%
	RMD	C	0.03%	0.1%	0.03%
	ROK	B	0.05%	0.09%	0.05%
	ROL	C	0.02%	0.17%	0.02%
	ROP	A	0.04%	0.47%	0.04%
	ROST	D	0.1%	0.03%	0.03%
	RSG	B	0.09%	0.53%	0.09%
	RTX	D	0.41%	0.19%	0.19%
	RVTY	C	0.02%	0.02%	0.02%
	SBAC	D	0.01%	0.01%	0.01%
	SBUX	B	0.2%	0.06%	0.06%
	SCHW	B	0.17%	0.06%	0.06%
	SHW	A	0.13%	0.26%	0.13%
	SJM	F	0.04%	0.02%	0.02%
	SLB	C	0.21%	0.05%	0.05%
	SMCI	F	0.04%	0.03%	0.03%
	SNA	A	0.04%	0.06%	0.04%
	SNPS	C	0.04%	0.29%	0.04%
	SO	D	0.14%	0.53%	0.14%
	SOLV	C	0.05%	0.06%	0.05%
	SPG	A	0.03%	0.03%	0.03%
	SPGI	C	0.07%	0.06%	0.06%
	SRE	B	0.08%	0.06%	0.06%
	STE	D	0.03%	0.01%	0.01%
	STLD	C	0.14%	0.04%	0.04%
	STT	B	0.12%	0.06%	0.06%
	STX	D	0.04%	0.07%	0.04%
	STZ	D	0.05%	0.02%	0.02%
	SW	B	0.13%	0.03%	0.03%
	SWK	F	0.08%	0.02%	0.02%
	SWKS	F	0.02%	0.05%	0.02%
	SYF	B	0.16%	0.06%	0.06%
	SYK	A	0.12%	0.05%	0.05%
	SYY	D	0.44%	0.05%	0.05%
	T	A	0.69%	0.66%	0.66%
	TAP	B	0.07%	0.02%	0.02%
	TDG	D	0.04%	0.01%	0.01%
	TDY	B	0.03%	0.22%	0.03%
	TECH	D	0.01%	0.0%	0.0%
	TER	F	0.01%	0.05%	0.01%
	TFC	B	0.16%	0.15%	0.15%
	TFX	F	0.01%	0.01%	0.01%
	TGT	C	0.57%	0.1%	0.1%
	TJX	A	0.3%	0.54%	0.3%
	TMO	F	0.21%	0.11%	0.11%
	TMUS	A	0.5%	0.76%	0.5%
	TRGP	B	0.11%	0.03%	0.03%
	TRMB	B	0.03%	0.01%	0.01%
	TROW	A	0.04%	0.09%	0.04%
	TRV	B	0.26%	0.45%	0.26%
	TSCO	D	0.08%	0.09%	0.08%
	TSLA	B	0.66%	0.27%	0.27%
	TSN	B	0.28%	0.27%	0.27%
	TT	B	0.11%	0.26%	0.11%
	TTWO	A	0.03%	0.01%	0.01%
	TXN	B	0.1%	1.13%	0.1%
	TXT	D	0.08%	0.02%	0.02%
	TYL	B	0.01%	0.01%	0.01%
	UBER	F	0.23%	0.17%	0.17%
	UDR	C	0.01%	0.01%	0.01%
	UHS	D	0.07%	0.02%	0.02%
	ULTA	C	0.06%	0.08%	0.06%
	UNH	B	2.12%	2.25%	2.12%
	UNP	D	0.13%	0.08%	0.08%
	UPS	C	0.52%	0.11%	0.11%
	URI	B	0.1%	0.04%	0.04%
	USB	B	0.26%	0.16%	0.16%
	V	A	0.21%	1.85%	0.21%
	VICI	D	0.02%	0.04%	0.02%
	VLO	C	0.8%	0.14%	0.14%
	VLTO	D	0.03%	0.08%	0.03%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	A	0.02%	0.15%	0.02%
	VRSN	C	0.01%	0.22%	0.01%
	VRTX	B	0.06%	0.62%	0.06%
	VST	B	0.12%	0.02%	0.02%
	VTR	C	0.03%	0.02%	0.02%
	VTRS	B	0.08%	0.05%	0.05%
	VZ	D	0.68%	0.77%	0.68%
	WAB	B	0.07%	0.02%	0.02%
	WAT	B	0.02%	0.07%	0.02%
	WBA	D	0.8%	0.07%	0.07%
	WBD	B	0.22%	0.11%	0.11%
	WDC	D	0.08%	0.02%	0.02%
	WEC	B	0.05%	0.28%	0.05%
	WELL	B	0.04%	0.04%	0.04%
	WFC	A	0.93%	0.46%	0.46%
	WM	A	0.12%	0.52%	0.12%
	WMB	B	0.07%	0.14%	0.07%
	WMT	A	3.79%	0.93%	0.93%
	WRB	B	0.07%	0.12%	0.07%
	WST	B	0.02%	0.06%	0.02%
	WTW	A	0.06%	0.15%	0.06%
	WY	F	0.04%	0.03%	0.03%
	WYNN	C	0.04%	0.0%	0.0%
	XEL	A	0.08%	0.19%	0.08%
	XOM	B	2.05%	0.81%	0.81%
	XYL	F	0.04%	0.01%	0.01%
	YUM	B	0.04%	0.19%	0.04%
	ZBH	C	0.04%	0.02%	0.02%
	ZBRA	B	0.03%	0.01%	0.01%
	ZTS	D	0.04%	0.24%	0.04%

RWL Overweight 15 Positions Relative to QUS

	Symbol	Grade	Weight
	UAL	A	0.53%
	BWA	B	0.09%
	CZR	F	0.07%
	NCLH	B	0.07%
	MHK	D	0.06%
	IVZ	B	0.04%
	RL	B	0.04%
	TPR	A	0.04%
	PNW	A	0.03%
	GNRC	B	0.03%
	NWS	B	0.03%
	GL	B	0.03%
	FMC	F	0.02%
	HAS	D	0.02%
	FRT	B	0.01%

RWL Underweight 99 Positions Relative to QUS

	Symbol	Grade	Weight
	WCN	A	-0.52%
	FCNCA	B	-0.32%
	BAH	C	-0.24%
	AFG	A	-0.15%
	WDAY	B	-0.15%
	MKL	A	-0.14%
	NBIX	C	-0.12%
	UTHR	B	-0.11%
	TPL	B	-0.09%
	VEEV	B	-0.09%
	EME	B	-0.08%
	HUBS	B	-0.08%
	BMRN	F	-0.08%
	ALNY	D	-0.08%
	MANH	C	-0.07%
	TW	B	-0.07%
	MELI	D	-0.07%
	LPLA	A	-0.07%
	WSO	B	-0.06%
	WSM	F	-0.06%
	GGG	B	-0.05%
	LNG	B	-0.05%
	KNX	C	-0.04%
	ALLY	C	-0.03%
	RS	C	-0.03%
	TTC	F	-0.03%
	APO	B	-0.03%
	ACI	C	-0.03%
	SEIC	A	-0.03%
	OVV	C	-0.03%
	SSNC	C	-0.02%
	CCK	D	-0.02%
	EQH	B	-0.02%
	OC	A	-0.02%
	FNF	C	-0.02%
	CRBG	C	-0.02%
	MRVL	B	-0.02%
	DINO	D	-0.02%
	CNH	D	-0.02%
	SQ	B	-0.02%
	TTD	B	-0.01%
	RIVN	F	-0.01%
	ENTG	F	-0.01%
	BBWI	C	-0.01%
	Z	B	-0.01%
	LII	B	-0.01%
	BIO	C	-0.01%
	VRT	B	-0.01%
	AMH	C	-0.01%
	ARES	B	-0.01%
	WLK	F	-0.01%
	ILMN	C	-0.01%
	RPRX	F	-0.01%
	UHAL	D	-0.01%
	DASH	A	-0.01%
	GLPI	D	-0.01%
	WTRG	C	-0.01%
	FBIN	F	-0.01%
	CSL	B	-0.01%
	RPM	A	-0.01%
	TRU	D	-0.01%
	SUI	F	-0.01%
	AVTR	F	-0.01%
	COIN	B	-0.01%
	TWLO	B	-0.01%
	WPC	F	-0.01%
	BURL	C	-0.01%
	ACM	B	-0.01%
	CHRD	D	-0.01%
	DKS	D	-0.01%
	ZM	B	-0.01%
	CG	B	-0.01%
	APP	B	-0.01%
	CELH	F	-0.0%
	IOT	B	-0.0%
	ZS	B	-0.0%
	TEAM	B	-0.0%
	NET	B	-0.0%
	RBLX	B	-0.0%
	MDB	C	-0.0%
	TOST	A	-0.0%
	DKNG	B	-0.0%
	BSY	F	-0.0%
	DDOG	B	-0.0%
	PSTG	D	-0.0%
	H	B	-0.0%
	SNAP	C	-0.0%
	DT	C	-0.0%
	DOCU	B	-0.0%
	HEI	A	-0.0%
	MSTR	B	-0.0%
	EXAS	F	-0.0%
	SNOW	C	-0.0%
	ROKU	C	-0.0%
	PINS	F	-0.0%
	HEI	A	-0.0%
	ELS	B	-0.0%
	OKTA	C	-0.0%
	HOOD	B	-0.0%

RWL: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50