SCHZ vs. QWLD ETF Comparison

Comparison of Schwab US Aggregate Bond ETF (SCHZ) to SPDR MSCI World Quality Mix ETF (QWLD)

SCHZ

Schwab US Aggregate Bond ETF

SCHZ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Barclays U.S. Aggregate Bond IndexSM. The fund invests at least 90% of its net assets in securities included in the index. The index is a broad based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States.

Grade (RS Rating)

Last Trade

$22.89

Average Daily Volume

1,150,929

Number of Holdings ^*

539

* may have additional holdings in another (foreign) market

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

$126.49

Average Daily Volume

3,777

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	SCHZ	QWLD
30 Days	-2.00%	-2.19%
60 Days	-3.75%	-0.95%
90 Days	-1.59%	1.55%
12 Months	6.41%	22.29%

372 Overlapping Holdings

Symbol	Grade	Weight in SCHZ	Weight in QWLD	Overlap
A	D	0.0%	0.07%	0.0%
AAPL	C	0.0%	2.5%	0.0%
ABBV	F	0.0%	0.41%	0.0%
ABBV	F	0.0%	0.16%	0.0%
ABT	B	0.0%	0.09%	0.0%
ACGL	C	0.0%	0.25%	0.0%
ADBE	F	0.0%	0.42%	0.0%
ADI	D	0.0%	0.04%	0.0%
ADM	D	0.0%	0.05%	0.0%
ADP	B	0.0%	0.26%	0.0%
ADSK	B	0.0%	0.1%	0.0%
AEE	A	0.0%	0.08%	0.0%
AEP	C	0.0%	0.07%	0.0%
AER	B	0.0%	0.02%	0.0%
AES	F	0.0%	0.01%	0.0%
AFG	A	0.0%	0.02%	0.0%
AFL	C	0.0%	0.12%	0.0%
AIG	B	0.0%	0.07%	0.0%
AIZ	A	0.0%	0.08%	0.0%
AJG	A	0.0%	0.18%	0.0%
ALB	C	0.0%	0.01%	0.0%
ALL	A	0.0%	0.07%	0.0%
ALLE	D	0.0%	0.02%	0.0%
ALLY	C	0.0%	0.02%	0.0%
AMAT	F	0.0%	0.32%	0.0%
AMCR	C	0.0%	0.08%	0.0%
AMGN	D	0.0%	0.18%	0.0%
AMH	C	0.0%	0.0%	0.0%
AMP	A	0.0%	0.09%	0.0%
AMT	D	0.0%	0.02%	0.0%
AMZN	B	0.0%	0.37%	0.0%
AON	A	0.0%	0.17%	0.0%
APD	A	0.0%	0.03%	0.0%
APH	B	0.0%	0.43%	0.0%
APTV	F	0.0%	0.01%	0.0%
ARE	D	0.0%	0.01%	0.0%
ATO	A	0.0%	0.01%	0.0%
AVB	A	0.0%	0.01%	0.0%
AVGO	C	0.0%	0.12%	0.0%
AVY	D	0.0%	0.03%	0.0%
AWK	C	0.0%	0.01%	0.0%
AXP	A	0.0%	0.06%	0.0%
AZO	C	0.0%	0.29%	0.0%
BA	F	0.0%	0.01%	0.0%
BAC	A	0.0%	0.38%	0.0%
BAX	F	0.0%	0.01%	0.0%
BBY	C	0.0%	0.05%	0.0%
BDX	F	0.0%	0.08%	0.0%
BEN	C	0.0%	0.01%	0.0%
BG	D	0.0%	0.02%	0.0%
BIIB	F	0.01%	0.01%	0.01%
BK	A	0.0%	0.05%	0.0%
BKNG	A	0.0%	0.03%	0.0%
BMY	B	0.0%	0.21%	0.0%
BR	A	0.0%	0.04%	0.0%
BRO	B	0.0%	0.14%	0.0%
BSX	B	0.0%	0.02%	0.0%
BXP	D	0.0%	0.01%	0.0%
C	A	0.0%	0.25%	0.0%
CAG	F	0.0%	0.04%	0.0%
CAH	B	0.0%	0.12%	0.0%
CARR	D	0.0%	0.02%	0.0%
CAT	B	0.0%	0.39%	0.0%
CB	C	0.0%	0.38%	0.0%
CBOE	D	0.0%	0.24%	0.0%
CCI	D	0.0%	0.01%	0.0%
CDNS	B	0.0%	0.14%	0.0%
CE	F	0.0%	0.01%	0.0%
CF	A	0.0%	0.12%	0.0%
CFG	A	0.0%	0.04%	0.0%
CHD	A	0.01%	0.18%	0.01%
CHRW	A	0.0%	0.01%	0.0%
CHTR	B	0.0%	0.06%	0.0%
CI	D	0.0%	0.17%	0.0%
CINF	A	0.0%	0.02%	0.0%
CL	D	0.0%	0.19%	0.0%
CLX	A	0.0%	0.01%	0.0%
CMCSA	B	0.0%	0.17%	0.0%
CME	A	0.0%	0.15%	0.0%
CMI	A	0.0%	0.09%	0.0%
CMS	C	0.0%	0.05%	0.0%
CNH	D	0.0%	0.02%	0.0%
CNP	A	0.0%	0.01%	0.0%
COF	A	0.0%	0.1%	0.0%
COP	C	0.0%	0.1%	0.0%
COST	B	0.0%	0.75%	0.0%
CPB	D	0.0%	0.09%	0.0%
CPT	D	0.0%	0.0%	0.0%
CRM	A	0.0%	0.05%	0.0%
CSCO	B	0.0%	1.02%	0.0%
CSL	B	0.0%	0.03%	0.0%
CSX	B	0.0%	0.12%	0.0%
CTAS	B	0.0%	0.14%	0.0%
CTRA	A	0.0%	0.02%	0.0%
CTVA	D	0.0%	0.05%	0.0%
CVS	F	0.0%	0.18%	0.0%
CVX	A	0.0%	0.31%	0.0%
D	C	0.0%	0.06%	0.0%
DAL	A	0.0%	0.01%	0.0%
DD	D	0.01%	0.02%	0.01%
DE	D	0.0%	0.06%	0.0%
DELL	C	0.0%	0.01%	0.0%
DFS	A	0.0%	0.04%	0.0%
DG	F	0.0%	0.01%	0.0%
DGX	A	0.0%	0.1%	0.0%
DHI	D	0.0%	0.11%	0.0%
DHR	D	0.0%	0.05%	0.0%
DIS	A	0.0%	0.08%	0.0%
DLR	A	0.0%	0.02%	0.0%
DLTR	F	0.01%	0.01%	0.01%
DOC	D	0.0%	0.01%	0.0%
DOV	A	0.0%	0.05%	0.0%
DOW	F	0.0%	0.04%	0.0%
DRI	B	0.0%	0.03%	0.0%
DT	C	0.01%	0.0%	0.0%
DTE	C	0.0%	0.02%	0.0%
DUK	C	0.0%	0.36%	0.0%
DVN	F	0.0%	0.03%	0.0%
EA	A	0.0%	0.19%	0.0%
EBAY	D	0.0%	0.01%	0.0%
ECL	D	0.0%	0.01%	0.0%
ED	D	0.0%	0.36%	0.0%
EFX	F	0.0%	0.01%	0.0%
EG	D	0.0%	0.06%	0.0%
EIX	C	0.0%	0.02%	0.0%
EL	F	0.0%	0.01%	0.0%
EMN	C	0.0%	0.01%	0.0%
EMR	A	0.0%	0.03%	0.0%
EOG	A	0.0%	0.05%	0.0%
EQH	B	0.0%	0.01%	0.0%
EQIX	B	0.0%	0.01%	0.0%
EQR	C	0.0%	0.01%	0.0%
ES	C	0.0%	0.01%	0.0%
ESS	A	0.0%	0.01%	0.0%
ETN	A	0.0%	0.03%	0.0%
ETR	A	0.0%	0.03%	0.0%
EVRG	A	0.0%	0.01%	0.0%
EW	C	0.0%	0.07%	0.0%
EXC	C	0.0%	0.03%	0.0%
EXPE	A	0.0%	0.01%	0.0%
FANG	D	0.0%	0.09%	0.0%
FDX	A	0.0%	0.07%	0.0%
FE	C	0.0%	0.01%	0.0%
FIS	B	0.0%	0.02%	0.0%
FITB	A	0.0%	0.03%	0.0%
FNF	C	0.0%	0.01%	0.0%
FOXA	A	0.0%	0.01%	0.0%
FTNT	A	0.0%	0.01%	0.0%
FTV	D	0.0%	0.01%	0.0%
GD	D	0.0%	0.19%	0.0%
GE	D	0.0%	0.31%	0.0%
GILD	B	0.0%	0.25%	0.0%
GIS	D	0.0%	0.33%	0.0%
GLPI	D	0.0%	0.01%	0.0%
GLW	B	0.0%	0.02%	0.0%
GM	A	0.0%	0.18%	0.0%
GOOGL	B	0.0%	1.08%	0.0%
GPC	D	0.0%	0.05%	0.0%
GPN	B	0.0%	0.02%	0.0%
GS	A	0.0%	0.17%	0.0%
GWW	A	0.0%	0.11%	0.0%
H	B	0.0%	0.0%	0.0%
HAL	C	0.0%	0.02%	0.0%
HBAN	A	0.0%	0.03%	0.0%
HCA	D	0.0%	0.04%	0.0%
HD	A	0.0%	0.14%	0.0%
HES	B	0.0%	0.01%	0.0%
HIG	C	0.0%	0.03%	0.0%
HII	F	0.0%	0.01%	0.0%
HON	A	0.0%	0.25%	0.0%
HPE	B	0.0%	0.04%	0.0%
HPQ	B	0.0%	0.04%	0.0%
HRL	D	0.0%	0.09%	0.0%
HST	D	0.0%	0.01%	0.0%
HSY	F	0.0%	0.16%	0.0%
HUBB	B	0.0%	0.04%	0.0%
HUM	F	0.0%	0.16%	0.0%
IBM	D	0.0%	0.48%	0.0%
ICE	D	0.0%	0.03%	0.0%
IEX	B	0.0%	0.03%	0.0%
IFF	D	0.0%	0.01%	0.0%
ILMN	C	0.0%	0.0%	0.0%
INTC	C	0.0%	0.1%	0.0%
INTU	A	0.0%	0.25%	0.0%
INVH	D	0.0%	0.01%	0.0%
IP	A	0.0%	0.02%	0.0%
IPG	F	0.0%	0.02%	0.0%
ITW	B	0.0%	0.14%	0.0%
JBHT	B	0.0%	0.03%	0.0%
JBL	C	0.0%	0.02%	0.0%
JCI	A	0.0%	0.03%	0.0%
JNJ	D	0.0%	1.11%	0.0%
JNPR	D	0.0%	0.13%	0.0%
JPM	A	0.0%	0.59%	0.0%
K	B	0.0%	0.22%	0.0%
KDP	D	0.0%	0.14%	0.0%
KEY	A	0.0%	0.03%	0.0%
KEYS	C	0.0%	0.18%	0.0%
KIM	A	0.0%	0.01%	0.0%
KLAC	F	0.0%	0.16%	0.0%
KMB	C	0.0%	0.11%	0.0%
KMI	A	0.0%	0.04%	0.0%
KO	D	0.0%	0.57%	0.0%
KR	B	0.0%	0.32%	0.0%
L	A	0.0%	0.17%	0.0%
LDOS	C	0.0%	0.01%	0.0%
LEN	D	0.0%	0.09%	0.0%
LH	B	0.0%	0.02%	0.0%
LHX	B	0.0%	0.03%	0.0%
LII	B	0.0%	0.0%	0.0%
LIN	D	0.0%	0.06%	0.0%
LLY	F	0.0%	1.17%	0.0%
LMT	D	0.0%	0.43%	0.0%
LNT	A	0.0%	0.03%	0.0%
LOW	A	0.0%	0.07%	0.0%
LRCX	F	0.0%	0.2%	0.0%
LUV	A	0.0%	0.0%	0.0%
LVS	C	0.0%	0.0%	0.0%
LYB	F	0.0%	0.03%	0.0%
MA	A	0.0%	0.7%	0.0%
MAA	A	0.0%	0.01%	0.0%
MAR	A	0.0%	0.01%	0.0%
MAS	D	0.0%	0.01%	0.0%
MCD	D	0.0%	0.41%	0.0%
MCHP	F	0.01%	0.06%	0.01%
MCK	A	0.0%	0.51%	0.0%
MCO	C	0.0%	0.12%	0.0%
MDLZ	F	0.0%	0.15%	0.0%
MDT	D	0.01%	0.06%	0.01%
MET	A	0.0%	0.05%	0.0%
MKC	D	0.0%	0.01%	0.0%
MKL	A	0.0%	0.12%	0.0%
MLM	B	0.0%	0.01%	0.0%
MMC	C	0.0%	0.51%	0.0%
MMM	D	0.0%	0.14%	0.0%
MO	A	0.0%	0.04%	0.0%
MOS	D	0.0%	0.02%	0.0%
MPC	D	0.0%	0.17%	0.0%
MRK	F	0.0%	0.44%	0.0%
MRO	A	0.0%	0.02%	0.0%
MRVL	B	0.0%	0.01%	0.0%
MS	A	0.0%	0.11%	0.0%
MSFT	D	0.0%	2.29%	0.0%
MSI	A	0.0%	0.61%	0.0%
MTB	A	0.0%	0.05%	0.0%
MU	D	0.0%	0.04%	0.0%
MUFG	A	0.0%	0.13%	0.0%
NDAQ	A	0.0%	0.01%	0.0%
NEE	C	0.0%	0.05%	0.0%
NEM	F	0.0%	0.04%	0.0%
NI	A	0.0%	0.01%	0.0%
NKE	D	0.0%	0.16%	0.0%
NOC	D	0.0%	0.33%	0.0%
NOW	B	0.01%	0.01%	0.01%
NSC	B	0.0%	0.03%	0.0%
NTAP	D	0.0%	0.04%	0.0%
NTRS	A	0.0%	0.02%	0.0%
NUE	D	0.0%	0.05%	0.0%
NVDA	B	0.0%	2.56%	0.0%
NVR	D	0.0%	0.06%	0.0%
NXPI	F	0.0%	0.02%	0.0%
O	D	0.0%	0.02%	0.0%
OC	A	0.0%	0.03%	0.0%
OKE	A	0.0%	0.03%	0.0%
OMC	C	0.0%	0.04%	0.0%
ORCL	A	0.0%	0.25%	0.0%
ORLY	A	0.0%	0.24%	0.0%
OTIS	D	0.0%	0.01%	0.0%
PCAR	B	0.0%	0.11%	0.0%
PCG	A	0.0%	0.03%	0.0%
PEG	C	0.0%	0.02%	0.0%
PEP	F	0.0%	0.79%	0.0%
PFE	F	0.0%	0.19%	0.0%
PFG	C	0.0%	0.02%	0.0%
PG	C	0.0%	0.89%	0.0%
PGR	B	0.0%	0.35%	0.0%
PH	A	0.0%	0.02%	0.0%
PHM	D	0.0%	0.06%	0.0%
PKG	B	0.0%	0.04%	0.0%
PLD	D	0.0%	0.04%	0.0%
PM	A	0.0%	0.07%	0.0%
PNC	A	0.0%	0.09%	0.0%
PNR	A	0.0%	0.03%	0.0%
PPG	F	0.0%	0.01%	0.0%
PPL	A	0.0%	0.01%	0.0%
PRU	A	0.0%	0.05%	0.0%
PSA	C	0.0%	0.08%	0.0%
PSX	C	0.0%	0.13%	0.0%
PWR	A	0.0%	0.01%	0.0%
PYPL	A	0.0%	0.04%	0.0%
QCOM	F	0.0%	0.34%	0.0%
REG	A	0.0%	0.01%	0.0%
REGN	F	0.0%	0.33%	0.0%
RF	A	0.0%	0.03%	0.0%
RJF	A	0.0%	0.02%	0.0%
ROK	A	0.0%	0.06%	0.0%
ROP	C	0.0%	0.49%	0.0%
ROST	D	0.0%	0.02%	0.0%
RPM	A	0.0%	0.01%	0.0%
RPRX	F	0.0%	0.01%	0.0%
RS	B	0.0%	0.02%	0.0%
RSG	B	0.0%	0.45%	0.0%
RTX	D	0.0%	0.09%	0.0%
SBUX	A	0.0%	0.04%	0.0%
SCHW	A	0.0%	0.04%	0.0%
SHW	B	0.0%	0.14%	0.0%
SJM	F	0.0%	0.07%	0.0%
SLB	C	0.0%	0.03%	0.0%
SNA	A	0.0%	0.04%	0.0%
SO	C	0.0%	0.45%	0.0%
SPG	A	0.0%	0.02%	0.0%
SPGI	C	0.0%	0.03%	0.0%
SRE	A	0.0%	0.03%	0.0%
STE	D	0.0%	0.01%	0.0%
STLA	F	0.01%	0.08%	0.01%
STLD	B	0.0%	0.03%	0.0%
STT	A	0.0%	0.03%	0.0%
STZ	D	0.0%	0.01%	0.0%
SUI	D	0.0%	0.01%	0.0%
SWK	F	0.0%	0.01%	0.0%
SWKS	F	0.0%	0.03%	0.0%
SYF	A	0.0%	0.04%	0.0%
SYK	A	0.0%	0.03%	0.0%
SYY	D	0.0%	0.03%	0.0%
T	A	0.0%	0.38%	0.0%
TAP	A	0.0%	0.01%	0.0%
TD	D	0.0%	0.12%	0.0%
TDY	B	0.0%	0.06%	0.0%
TFC	A	0.0%	0.09%	0.0%
TGT	D	0.0%	0.14%	0.0%
TJX	A	0.0%	0.33%	0.0%
TMO	D	0.0%	0.06%	0.0%
TMUS	A	0.0%	0.73%	0.0%
TRMB	A	0.0%	0.01%	0.0%
TRV	A	0.0%	0.29%	0.0%
TSCO	D	0.0%	0.06%	0.0%
TSN	A	0.0%	0.13%	0.0%
TT	A	0.0%	0.14%	0.0%
TXN	C	0.0%	0.51%	0.0%
TXT	D	0.0%	0.01%	0.0%
UDR	C	0.0%	0.0%	0.0%
UHS	D	0.01%	0.01%	0.01%
UNH	B	0.0%	1.34%	0.0%
UNP	D	0.0%	0.27%	0.0%
UPS	C	0.0%	0.07%	0.0%
URI	B	0.0%	0.02%	0.0%
USB	B	0.0%	0.09%	0.0%
V	A	0.0%	1.19%	0.0%
VLO	C	0.0%	0.07%	0.0%
VMC	B	0.0%	0.01%	0.0%
VRSK	B	0.0%	0.01%	0.0%
VRSN	D	0.0%	0.14%	0.0%
VTR	C	0.0%	0.01%	0.0%
VZ	C	0.0%	0.56%	0.0%
WAB	B	0.0%	0.01%	0.0%
WBA	F	0.0%	0.04%	0.0%
WEC	A	0.0%	0.19%	0.0%
WELL	A	0.0%	0.02%	0.0%
WFC	A	0.0%	0.27%	0.0%
WLK	F	0.0%	0.0%	0.0%
WM	B	0.0%	0.52%	0.0%
WMB	A	0.0%	0.19%	0.0%
WMT	A	0.0%	0.75%	0.0%
WPC	D	0.0%	0.01%	0.0%
WRB	A	0.0%	0.14%	0.0%
WTRG	C	0.0%	0.01%	0.0%
WY	D	0.0%	0.02%	0.0%
XEL	A	0.0%	0.08%	0.0%
XOM	B	0.0%	0.47%	0.0%
XYL	D	0.0%	0.01%	0.0%
ZBH	C	0.0%	0.01%	0.0%
ZTS	D	0.0%	0.15%	0.0%

SCHZ Overweight 168 Positions Relative to QWLD

Symbol	Grade	Weight
WIT	B	0.08%
EDC	F	0.01%
CTS	B	0.01%
COO	D	0.0%
VLY	A	0.0%
OCSL	D	0.0%
WBS	A	0.0%
SAN	C	0.0%
SIGI	A	0.0%
SAVE	F	0.0%
GXO	B	0.0%
SAFE	F	0.0%
EPRT	C	0.0%
VNO	B	0.0%
SKT	A	0.0%
CBT	C	0.0%
COKE	C	0.0%
CACC	D	0.0%
FAF	C	0.0%
TKR	F	0.0%
THG	A	0.0%
TEL	C	0.0%
PRE	F	0.0%
AVA	C	0.0%
VMI	B	0.0%
TME	F	0.0%
KMPR	A	0.0%
FLO	D	0.0%
NEU	C	0.0%
BC	D	0.0%
PSEC	F	0.0%
GBDC	A	0.0%
XRAY	F	0.0%
CHH	A	0.0%
BDN	D	0.0%
JD	C	0.0%
MHK	D	0.0%
LAZ	B	0.0%
KEX	A	0.0%
EPR	D	0.0%
HOG	D	0.0%
HP	C	0.0%
SBRA	C	0.0%
MCY	A	0.0%
NFG	A	0.0%
BKU	A	0.0%
KMT	B	0.0%
SCS	A	0.0%
REXR	F	0.0%
HR	C	0.0%
IDA	A	0.0%
AAP	D	0.0%
EXP	B	0.0%
DXC	C	0.0%
DOX	D	0.0%
LXP	D	0.0%
BCSF	A	0.0%
PDM	D	0.0%
SLG	B	0.0%
SNV	A	0.0%
GSBD	F	0.0%
ADC	A	0.0%
ZION	A	0.0%
INGR	B	0.0%
OSK	C	0.0%
AGO	A	0.0%
NHI	D	0.0%
SITC	D	0.0%
OPI	F	0.0%
G	A	0.0%
AYI	A	0.0%
LNC	A	0.0%
MAIN	A	0.0%
CUBE	C	0.0%
TPR	A	0.0%
ORI	A	0.0%
SWX	A	0.0%
ESGR	B	0.0%
OGE	A	0.0%
HPP	F	0.0%
VFC	B	0.0%
VNT	C	0.0%
WB	F	0.0%
FMC	F	0.0%
FRT	B	0.0%
NWE	C	0.0%
OGS	A	0.0%
FHN	A	0.0%
NVT	B	0.0%
GL	B	0.0%
NNN	D	0.0%
RL	B	0.0%
ARW	D	0.0%
WU	F	0.0%
AGR	A	0.0%
AMG	A	0.0%
R	A	0.0%
HAS	D	0.0%
AWH	F	0.0%
AN	D	0.0%
RNR	D	0.0%
PVH	C	0.0%
SF	A	0.0%
AXS	A	0.0%
JBLU	C	0.0%
UNM	A	0.0%
HIW	D	0.0%
DSS	F	0.0%
GP	F	0.0%
EE	A	0.0%
FLS	A	0.0%
CMA	A	0.0%
WHR	A	0.0%
LEG	F	0.0%
HRB	D	0.0%
CNO	A	0.0%
KSS	F	0.0%
KRG	B	0.0%
BWA	A	0.0%
IVZ	B	0.0%
FLEX	B	0.0%
KRC	C	0.0%
CNA	C	0.0%
RGA	A	0.0%
NOV	D	0.0%
SON	D	0.0%
FSK	A	0.0%
WEST	D	0.0%
VOYA	A	0.0%
LEA	F	0.0%
SNX	D	0.0%
AVT	C	0.0%
HUN	F	0.0%
BKH	A	0.0%
AAL	B	0.0%
BIDU	F	0.0%
BLK	A	0.0%
CAF	C	0.0%
JEF	A	0.0%
CP	D	0.0%
BERY	D	0.0%
BRX	A	0.0%
BHF	A	0.0%
ARCC	A	0.0%
SCCO	F	0.0%
OHI	C	0.0%
COE	D	0.0%
PAA	A	0.0%
KOF	F	0.0%
BMO	A	0.0%
BNS	A	0.0%
EPD	A	0.0%
AL	A	0.0%
PNW	A	0.0%
CM	B	0.0%
DB	C	0.0%
MPLX	A	0.0%
MP	B	0.0%
RY	C	0.0%
BABA	D	0.0%
UAL	A	0.0%
EQNR	D	0.0%
NWG	A	0.0%
BHP	F	0.0%
VOD	D	0.0%
HSBC	A	0.0%
GSK	F	0.0%
AZN	F	0.0%

SCHZ Underweight 237 Positions Relative to QWLD

Symbol	Grade	Weight
META	C	-2.14%
GOOG	B	-0.95%
NVS	D	-0.81%
BRK.A	A	-0.72%
ACN	C	-0.65%
NFLX	A	-0.51%
VRTX	C	-0.45%
COR	B	-0.42%
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	B	-0.21%
KHC	F	-0.21%
ANET	C	-0.21%
BAH	D	-0.18%
PANW	B	-0.18%
CHKP	D	-0.17%
INCY	B	-0.16%
UTHR	B	-0.16%
FFIV	B	-0.16%
YUM	D	-0.15%
TSLA	B	-0.14%
TM	F	-0.14%
SNPS	C	-0.13%
AKAM	F	-0.13%
CMG	B	-0.13%
FCNCA	A	-0.12%
GEN	B	-0.12%
E	F	-0.12%
ERIE	F	-0.12%
DEO	F	-0.11%
BCS	A	-0.11%
NBIX	D	-0.11%
SMFG	A	-0.1%
CNI	F	-0.1%
PAYX	B	-0.1%
LYG	C	-0.09%
FAST	B	-0.09%
F	C	-0.09%
KVUE	A	-0.08%
CPRT	A	-0.08%
ROL	A	-0.08%
SONY	D	-0.08%
CDW	F	-0.08%
PTC	B	-0.08%
ODFL	B	-0.08%
FI	A	-0.08%
ULTA	D	-0.07%
JKHY	D	-0.07%
MNST	D	-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%
WBD	B	-0.06%
LOGI	F	-0.06%
DPZ	C	-0.06%
MOH	F	-0.06%
VEEV	C	-0.05%
VLTO	D	-0.05%
DECK	A	-0.05%
DINO	D	-0.05%
MT	B	-0.05%
CNC	F	-0.05%
LNG	A	-0.05%
TROW	A	-0.05%
RMD	C	-0.05%
TPL	A	-0.05%
GRMN	B	-0.05%
IT	B	-0.04%
AMD	F	-0.04%
EXPD	D	-0.04%
WST	C	-0.04%
MANH	D	-0.04%
WDAY	B	-0.04%
TRGP	A	-0.04%
WAT	B	-0.04%
FICO	A	-0.04%
EME	B	-0.04%
LPLA	A	-0.04%
BLDR	D	-0.04%
BTI	C	-0.04%
VTRS	A	-0.03%
GGG	A	-0.03%
TER	F	-0.03%
BX	A	-0.03%
FCX	F	-0.03%
FDS	A	-0.03%
APA	F	-0.03%
CBRE	B	-0.03%
POOL	D	-0.03%
SW	A	-0.03%
SOLV	C	-0.03%
WSO	A	-0.03%
WSM	F	-0.03%
OXY	F	-0.03%
PARA	C	-0.02%
NRG	B	-0.02%
ACI	C	-0.02%
NMR	B	-0.02%
TTC	D	-0.02%
APO	A	-0.02%
MKTX	C	-0.02%
SEIC	A	-0.02%
AOS	F	-0.02%
GEHC	D	-0.02%
OVV	C	-0.02%
SMCI	F	-0.02%
CEG	D	-0.02%
ENPH	F	-0.02%
VICI	C	-0.02%
EPAM	B	-0.02%
PAYC	B	-0.02%
NDSN	B	-0.02%
DKS	D	-0.02%
BKR	A	-0.02%
KKR	A	-0.02%
GEV	A	-0.02%
ARES	B	-0.01%
MGM	D	-0.01%
CTLT	C	-0.01%
DVA	C	-0.01%
FSLR	F	-0.01%
UHAL	D	-0.01%
SBAC	D	-0.01%
RCL	A	-0.01%
FBIN	D	-0.01%
TTWO	A	-0.01%
FOX	A	-0.01%
BURL	C	-0.01%
COIN	A	-0.01%
NWSA	B	-0.01%
IRM	D	-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	D	-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	D	-0.01%
CHRD	F	-0.01%
CCK	D	-0.01%
ZBRA	B	-0.01%
BALL	D	-0.01%
CPAY	A	-0.01%
SE	B	-0.01%
SSNC	D	-0.01%
LKQ	D	-0.01%
WFG	D	-0.01%
TDG	D	-0.01%
IR	A	-0.01%
ABNB	C	-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%
UBER	C	-0.01%
AME	A	-0.01%
IQV	F	-0.01%
EXR	C	-0.01%
CRBG	B	-0.01%
SQ	A	-0.01%
EQT	A	-0.01%
MELI	D	-0.01%
ON	F	-0.01%
KMX	B	-0.01%
GLBE	B	-0.0%
IOT	B	-0.0%
NET	C	-0.0%
XRX	F	-0.0%
TOST	A	-0.0%
RBLX	B	-0.0%
DKNG	B	-0.0%
DDOG	B	-0.0%
SNAP	D	-0.0%
PSTG	F	-0.0%
HEI	A	-0.0%
FUTU	C	-0.0%
PODD	A	-0.0%
DOCU	A	-0.0%
SNOW	C	-0.0%
GRAB	A	-0.0%
PINS	F	-0.0%
MSTR	B	-0.0%
DAY	B	-0.0%
WYNN	D	-0.0%
EXAS	F	-0.0%
DXCM	C	-0.0%
ROKU	D	-0.0%
TECH	D	-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	B	-0.0%
RIVN	F	-0.0%
ENTG	F	-0.0%
AXON	A	-0.0%
LYV	A	-0.0%
MSCI	A	-0.0%
PLTR	A	-0.0%
VRT	A	-0.0%
QGEN	D	-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	B	-0.0%
QRVO	F	-0.0%