VT vs. QWLD ETF Comparison

Comparison of Vanguard Total World Stock Index ETF (VT) to SPDR MSCI World Quality Mix ETF (QWLD)

VT

Vanguard Total World Stock Index ETF

VT Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets around the world. The fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap Index, a free-float-adjusted, market-capitalization-weighted index designed to measure the market performance of large-, mid-, and small-capitalization stocks of companies located around the world. The index includes approximately 7,240 stocks of companies located in 50 countries, including both developed and emerging markets.

Grade (RS Rating)

Last Trade

$121.41

Average Daily Volume

1,227,384

Number of Holdings ^*

1781

* 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

$129.37

Average Daily Volume

3,681

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	VT	QWLD
30 Days	1.63%	0.56%
60 Days	6.88%	3.41%
90 Days	9.74%	6.97%
12 Months	32.36%	28.63%

611 Overlapping Holdings

	Symbol	Grade	Weight in VT	Weight in QWLD	Overlap
	A	D	0.05%	0.07%	0.05%
	AAPL	B	3.8%	2.55%	2.55%
	ABBV	B	0.39%	0.42%	0.39%
	ABBV	B	0.39%	0.15%	0.15%
	ABBV	B	0.1%	0.15%	0.1%
	ABBV	B	0.1%	0.42%	0.1%
	ABNB	D	0.06%	0.01%	0.01%
	ABT	B	0.22%	0.1%	0.1%
	ACGL	D	0.05%	0.24%	0.05%
	ACI	C	0.01%	0.02%	0.01%
	ACM	B	0.02%	0.01%	0.01%
	ACN	C	0.25%	0.64%	0.25%
	ADBE	F	0.26%	0.41%	0.26%
	ADI	D	0.13%	0.04%	0.04%
	ADM	F	0.03%	0.05%	0.03%
	ADP	A	0.13%	0.25%	0.13%
	ADSK	A	0.07%	0.09%	0.07%
	AEE	A	0.03%	0.08%	0.03%
	AEP	D	0.06%	0.07%	0.06%
	AER	B	0.02%	0.02%	0.02%
	AES	F	0.02%	0.01%	0.01%
	AFG	B	0.01%	0.02%	0.01%
	AFL	D	0.07%	0.11%	0.07%
	AGCO	D	0.01%	0.01%	0.01%
	AGCO	D	0.01%	0.01%	0.01%
	AIG	C	0.05%	0.07%	0.05%
	AIZ	A	0.01%	0.07%	0.01%
	AJG	C	0.07%	0.18%	0.07%
	AKAM	F	0.02%	0.13%	0.02%
	ALB	C	0.01%	0.01%	0.01%
	ALGN	F	0.02%	0.0%	0.0%
	ALL	B	0.06%	0.07%	0.06%
	ALLE	C	0.01%	0.02%	0.01%
	ALLY	C	0.01%	0.01%	0.01%
	AMAT	D	0.19%	0.31%	0.19%
	AMCR	D	0.0%	0.08%	0.0%
	AMD	F	0.3%	0.04%	0.04%
	AME	A	0.04%	0.01%	0.01%
	AMGN	C	0.19%	0.19%	0.19%
	AMH	D	0.01%	0.0%	0.0%
	AMP	B	0.05%	0.08%	0.05%
	AMT	F	0.12%	0.02%	0.02%
	AMZN	B	1.94%	0.36%	0.36%
	ANET	C	0.11%	0.2%	0.11%
	ANSS	B	0.03%	0.0%	0.0%
	AON	B	0.08%	0.16%	0.08%
	AOS	F	0.01%	0.02%	0.01%
	APA	F	0.01%	0.03%	0.01%
	APD	B	0.07%	0.03%	0.03%
	APH	B	0.09%	0.42%	0.09%
	APO	B	0.07%	0.01%	0.01%
	APP	B	0.04%	0.0%	0.0%
	APTV	F	0.02%	0.01%	0.01%
	ARE	D	0.02%	0.01%	0.01%
	ARES	B	0.03%	0.0%	0.0%
	ATO	A	0.02%	0.01%	0.01%
	AVB	A	0.04%	0.01%	0.01%
	AVGO	B	0.88%	0.12%	0.12%
	AVTR	F	0.02%	0.01%	0.01%
	AVY	F	0.02%	0.03%	0.02%
	AWK	D	0.03%	0.01%	0.01%
	AXON	B	0.03%	0.0%	0.0%
	AXP	B	0.17%	0.06%	0.06%
	AZO	D	0.06%	0.27%	0.06%
	BA	F	0.1%	0.01%	0.01%
	BAC	B	0.3%	0.35%	0.3%
	BAH	B	0.02%	0.18%	0.02%
	BALL	F	0.02%	0.01%	0.01%
	BAX	F	0.02%	0.01%	0.01%
	BBWI	D	0.01%	0.0%	0.0%
	BBY	D	0.03%	0.06%	0.03%
	BCS	B	0.05%	0.11%	0.05%
	BDX	F	0.08%	0.08%	0.08%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.02%	0.02%	0.02%
	BIIB	F	0.03%	0.01%	0.01%
	BIO	B	0.01%	0.0%	0.0%
	BK	B	0.06%	0.05%	0.05%
	BKNG	B	0.16%	0.03%	0.03%
	BKR	B	0.04%	0.02%	0.02%
	BLDR	D	0.03%	0.04%	0.03%
	BMRN	F	0.01%	0.07%	0.01%
	BMY	C	0.12%	0.21%	0.12%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	C	0.8%	0.71%	0.71%
	BRK.A	C	0.14%	0.71%	0.14%
	BRO	B	0.03%	0.13%	0.03%
	BSX	A	0.14%	0.02%	0.02%
	BSY	F	0.01%	0.01%	0.01%
	BURL	C	0.02%	0.01%	0.01%
	BX	A	0.12%	0.03%	0.03%
	BXP	B	0.01%	0.01%	0.01%
	C	B	0.13%	0.23%	0.13%
	CAG	F	0.02%	0.04%	0.02%
	CAH	B	0.03%	0.13%	0.03%
	CARR	D	0.08%	0.02%	0.02%
	CAT	B	0.21%	0.36%	0.21%
	CB	D	0.13%	0.39%	0.13%
	CBOE	D	0.02%	0.25%	0.02%
	CBRE	A	0.04%	0.03%	0.03%
	CCEP	D	0.02%	0.01%	0.01%
	CCI	D	0.06%	0.01%	0.01%
	CCK	C	0.01%	0.01%	0.01%
	CCL	B	0.02%	0.01%	0.01%
	CDNS	B	0.08%	0.13%	0.08%
	CDW	F	0.03%	0.07%	0.03%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.09%	0.02%	0.02%
	CF	B	0.02%	0.13%	0.02%
	CFG	B	0.02%	0.03%	0.02%
	CG	B	0.01%	0.01%	0.01%
	CHD	C	0.03%	0.19%	0.03%
	CHKP	D	0.02%	0.17%	0.02%
	CHRD	F	0.01%	0.01%	0.01%
	CHRW	B	0.01%	0.01%	0.01%
	CHTR	B	0.03%	0.05%	0.03%
	CI	F	0.11%	0.18%	0.11%
	CINF	B	0.02%	0.02%	0.02%
	CL	F	0.09%	0.2%	0.09%
	CLX	B	0.02%	0.01%	0.01%
	CMCSA	B	0.18%	0.17%	0.17%
	CME	B	0.09%	0.16%	0.09%
	CMG	C	0.09%	0.14%	0.09%
	CMI	B	0.05%	0.09%	0.05%
	CMS	D	0.02%	0.05%	0.02%
	CNC	F	0.04%	0.05%	0.04%
	CNH	D	0.01%	0.02%	0.01%
	CNI	F	0.07%	0.1%	0.07%
	CNP	B	0.02%	0.01%	0.01%
	COF	B	0.06%	0.09%	0.06%
	COIN	B	0.04%	0.0%	0.0%
	COP	C	0.14%	0.1%	0.1%
	COR	B	0.04%	0.41%	0.04%
	COST	B	0.44%	0.74%	0.44%
	CPAY	B	0.02%	0.01%	0.01%
	CPB	D	0.01%	0.09%	0.01%
	CPRT	B	0.05%	0.07%	0.05%
	CPT	C	0.01%	0.0%	0.0%
	CRBG	C	0.01%	0.01%	0.01%
	CRL	D	0.01%	0.0%	0.0%
	CRM	A	0.29%	0.05%	0.05%
	CRWD	C	0.07%	0.0%	0.0%
	CSCO	A	0.24%	0.99%	0.24%
	CSGP	D	0.03%	0.0%	0.0%
	CSL	C	0.02%	0.03%	0.02%
	CSX	B	0.08%	0.11%	0.08%
	CTAS	A	0.08%	0.14%	0.08%
	CTLT	D	0.01%	0.01%	0.01%
	CTRA	C	0.02%	0.02%	0.02%
	CTSH	B	0.04%	0.2%	0.04%
	CTVA	C	0.05%	0.05%	0.05%
	CVS	F	0.09%	0.17%	0.09%
	CVX	B	0.28%	0.31%	0.28%
	D	C	0.05%	0.06%	0.05%
	DAL	B	0.01%	0.01%	0.01%
	DASH	A	0.06%	0.0%	0.0%
	DAY	A	0.01%	0.0%	0.0%
	DD	D	0.04%	0.02%	0.02%
	DDOG	C	0.04%	0.0%	0.0%
	DE	C	0.12%	0.06%	0.06%
	DECK	B	0.03%	0.05%	0.03%
	DELL	C	0.04%	0.01%	0.01%
	DEO	F	0.09%	0.12%	0.09%
	DFS	B	0.04%	0.04%	0.04%
	DG	F	0.02%	0.01%	0.01%
	DGX	B	0.02%	0.1%	0.02%
	DHI	D	0.06%	0.11%	0.06%
	DHR	F	0.2%	0.05%	0.05%
	DINO	F	0.01%	0.04%	0.01%
	DIS	C	0.2%	0.08%	0.08%
	DKNG	C	0.02%	0.0%	0.0%
	DKS	D	0.01%	0.02%	0.01%
	DLR	B	0.06%	0.02%	0.02%
	DLTR	F	0.02%	0.01%	0.01%
	DOC	B	0.02%	0.01%	0.01%
	DOCU	A	0.01%	0.0%	0.0%
	DOV	B	0.03%	0.04%	0.03%
	DOW	F	0.04%	0.04%	0.04%
	DPZ	C	0.02%	0.06%	0.02%
	DRI	B	0.02%	0.03%	0.02%
	DT	C	0.02%	0.0%	0.0%
	DTE	D	0.03%	0.02%	0.02%
	DUK	D	0.1%	0.36%	0.1%
	DVA	D	0.01%	0.01%	0.01%
	DVN	F	0.03%	0.03%	0.03%
	DXCM	D	0.03%	0.0%	0.0%
	E	F	0.04%	0.13%	0.04%
	EA	B	0.04%	0.18%	0.04%
	EBAY	D	0.04%	0.01%	0.01%
	ECL	D	0.07%	0.01%	0.01%
	ED	D	0.04%	0.37%	0.04%
	EFX	D	0.04%	0.01%	0.01%
	EG	D	0.02%	0.05%	0.02%
	EIX	D	0.04%	0.02%	0.02%
	EL	F	0.03%	0.01%	0.01%
	ELS	C	0.02%	0.0%	0.0%
	ELV	F	0.14%	0.21%	0.14%
	EME	B	0.02%	0.04%	0.02%
	EMN	D	0.01%	0.01%	0.01%
	EMR	B	0.07%	0.03%	0.03%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	F	0.02%	0.0%	0.0%
	EOG	B	0.08%	0.05%	0.05%
	EPAM	C	0.01%	0.02%	0.01%
	EQH	B	0.02%	0.01%	0.01%
	EQIX	B	0.09%	0.02%	0.02%
	EQR	D	0.03%	0.01%	0.01%
	EQT	B	0.02%	0.01%	0.01%
	ES	D	0.03%	0.02%	0.02%
	ESS	C	0.02%	0.01%	0.01%
	ETN	A	0.15%	0.03%	0.03%
	ETR	B	0.03%	0.03%	0.03%
	EVRG	B	0.02%	0.01%	0.01%
	EW	F	0.04%	0.07%	0.04%
	EXAS	F	0.01%	0.0%	0.0%
	EXC	D	0.05%	0.03%	0.03%
	EXPD	D	0.02%	0.04%	0.02%
	EXPE	B	0.02%	0.01%	0.01%
	EXR	D	0.04%	0.01%	0.01%
	F	D	0.05%	0.09%	0.05%
	FANG	D	0.04%	0.09%	0.04%
	FAST	B	0.05%	0.09%	0.05%
	FBIN	D	0.01%	0.01%	0.01%
	FCNCA	B	0.02%	0.1%	0.02%
	FCX	C	0.08%	0.03%	0.03%
	FDS	B	0.02%	0.03%	0.02%
	FDX	B	0.07%	0.07%	0.07%
	FE	D	0.03%	0.01%	0.01%
	FFIV	B	0.01%	0.16%	0.01%
	FI	B	0.12%	0.08%	0.08%
	FICO	B	0.05%	0.04%	0.04%
	FIS	C	0.05%	0.02%	0.02%
	FITB	B	0.03%	0.03%	0.03%
	FNF	C	0.02%	0.01%	0.01%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.01%	0.01%
	FSLR	F	0.03%	0.01%	0.01%
	FTNT	A	0.06%	0.01%	0.01%
	FTV	F	0.03%	0.01%	0.01%
	GD	B	0.09%	0.18%	0.09%
	GDDY	A	0.03%	0.22%	0.03%
	GE	C	0.23%	0.3%	0.23%
	GEHC	D	0.05%	0.02%	0.02%
	GEN	B	0.02%	0.11%	0.02%
	GEV	A	0.08%	0.02%	0.02%
	GGG	C	0.02%	0.02%	0.02%
	GILD	B	0.12%	0.25%	0.12%
	GIS	F	0.05%	0.35%	0.05%
	GLBE	B	0.0%	0.0%	0.0%
	GLPI	D	0.01%	0.01%	0.01%
	GLW	B	0.04%	0.02%	0.02%
	GM	B	0.06%	0.17%	0.06%
	GOOG	B	0.91%	0.93%	0.91%
	GOOGL	B	1.1%	1.07%	1.07%
	GPC	F	0.02%	0.05%	0.02%
	GPN	C	0.03%	0.02%	0.02%
	GRAB	B	0.01%	0.0%	0.0%
	GRMN	B	0.03%	0.05%	0.03%
	GS	B	0.17%	0.15%	0.15%
	GWW	A	0.05%	0.11%	0.05%
	H	C	0.01%	0.0%	0.0%
	HAL	D	0.03%	0.01%	0.01%
	HBAN	B	0.02%	0.03%	0.02%
	HCA	D	0.09%	0.04%	0.04%
	HD	B	0.45%	0.15%	0.15%
	HEI	C	0.02%	0.0%	0.0%
	HEI	C	0.02%	0.0%	0.0%
	HEI	C	0.01%	0.0%	0.0%
	HEI	C	0.01%	0.0%	0.0%
	HES	C	0.04%	0.01%	0.01%
	HIG	C	0.04%	0.03%	0.03%
	HII	F	0.01%	0.01%	0.01%
	HLT	A	0.06%	0.01%	0.01%
	HMC	F	0.06%	0.08%	0.06%
	HOLX	D	0.02%	0.01%	0.01%
	HON	B	0.15%	0.24%	0.15%
	HOOD	A	0.02%	0.0%	0.0%
	HPE	B	0.03%	0.03%	0.03%
	HPQ	B	0.04%	0.04%	0.04%
	HRL	F	0.01%	0.1%	0.01%
	HSBH	F	0.19%	0.25%	0.19%
	HSIC	F	0.01%	0.01%	0.01%
	HST	C	0.01%	0.01%	0.01%
	HSY	F	0.03%	0.16%	0.03%
	HUBB	B	0.03%	0.04%	0.03%
	HUM	F	0.04%	0.15%	0.04%
	HWM	B	0.05%	0.01%	0.01%
	IBM	D	0.23%	0.47%	0.23%
	ICE	D	0.1%	0.03%	0.03%
	IDXX	F	0.05%	0.07%	0.05%
	IEX	B	0.02%	0.03%	0.02%
	IFF	F	0.03%	0.01%	0.01%
	ILMN	B	0.02%	0.0%	0.0%
	INCY	A	0.01%	0.15%	0.01%
	INTC	C	0.11%	0.1%	0.1%
	INTU	A	0.19%	0.24%	0.19%
	INVH	D	0.02%	0.01%	0.01%
	IOT	A	0.01%	0.0%	0.0%
	IP	B	0.02%	0.02%	0.02%
	IPG	F	0.01%	0.02%	0.01%
	IQV	F	0.05%	0.01%	0.01%
	IR	B	0.04%	0.01%	0.01%
	IRM	C	0.04%	0.01%	0.01%
	ISRG	A	0.19%	0.25%	0.19%
	IT	B	0.04%	0.03%	0.03%
	ITW	B	0.09%	0.13%	0.09%
	J	C	0.02%	0.01%	0.01%
	JBHT	B	0.02%	0.03%	0.02%
	JBL	C	0.01%	0.02%	0.01%
	JCI	A	0.06%	0.03%	0.03%
	JKHY	C	0.01%	0.07%	0.01%
	JNJ	D	0.44%	1.15%	0.44%
	JNPR	C	0.01%	0.13%	0.01%
	JPM	B	0.68%	0.55%	0.55%
	K	A	0.02%	0.23%	0.02%
	KDP	F	0.04%	0.14%	0.04%
	KEY	B	0.02%	0.02%	0.02%
	KEYS	A	0.03%	0.17%	0.03%
	KHC	F	0.03%	0.21%	0.03%
	KIM	A	0.02%	0.01%	0.01%
	KKR	B	0.1%	0.02%	0.02%
	KLAC	F	0.12%	0.16%	0.12%
	KMB	D	0.05%	0.11%	0.05%
	KMI	A	0.05%	0.03%	0.03%
	KMX	F	0.01%	0.01%	0.01%
	KNX	B	0.01%	0.01%	0.01%
	KO	D	0.31%	0.59%	0.31%
	KR	A	0.04%	0.3%	0.04%
	KVUE	A	0.05%	0.08%	0.05%
	L	A	0.02%	0.16%	0.02%
	LDOS	A	0.03%	0.01%	0.01%
	LEN	D	0.0%	0.09%	0.0%
	LEN	D	0.05%	0.09%	0.05%
	LH	A	0.02%	0.02%	0.02%
	LHX	A	0.05%	0.02%	0.02%
	LII	A	0.02%	0.0%	0.0%
	LIN	D	0.26%	0.06%	0.06%
	LKQ	F	0.01%	0.01%	0.01%
	LLY	D	0.8%	1.26%	0.8%
	LMT	D	0.14%	0.43%	0.14%
	LNG	A	0.05%	0.05%	0.05%
	LNT	D	0.02%	0.03%	0.02%
	LOGI	F	0.02%	0.06%	0.02%
	LOW	B	0.17%	0.07%	0.07%
	LPLA	A	0.02%	0.04%	0.02%
	LULU	D	0.04%	0.07%	0.04%
	LUV	B	0.0%	0.0%	0.0%
	LVS	C	0.02%	0.0%	0.0%
	LW	C	0.01%	0.0%	0.0%
	LYB	F	0.03%	0.03%	0.03%
	LYG	D	0.05%	0.09%	0.05%
	LYV	B	0.02%	0.0%	0.0%
	MA	A	0.46%	0.7%	0.46%
	MAA	C	0.02%	0.01%	0.01%
	MANH	C	0.02%	0.04%	0.02%
	MAR	A	0.06%	0.01%	0.01%
	MAS	D	0.02%	0.01%	0.01%
	MBAVU	C	0.0%	0.01%	0.0%
	MCD	D	0.25%	0.42%	0.25%
	MCHP	F	0.05%	0.07%	0.05%
	MCK	B	0.07%	0.5%	0.07%
	MCO	C	0.08%	0.13%	0.08%
	MDLZ	F	0.11%	0.15%	0.11%
	MDT	C	0.13%	0.06%	0.06%
	MELI	D	0.11%	0.01%	0.01%
	MET	C	0.05%	0.05%	0.05%
	META	B	1.41%	2.16%	1.41%
	MFG	B	0.06%	0.21%	0.06%
	MGM	F	0.01%	0.01%	0.01%
	MKC	D	0.02%	0.01%	0.01%
	MKL	B	0.02%	0.12%	0.02%
	MKTX	C	0.01%	0.02%	0.01%
	MLM	B	0.04%	0.01%	0.01%
	MMC	C	0.12%	0.51%	0.12%
	MMM	C	0.08%	0.14%	0.08%
	MNST	B	0.04%	0.07%	0.04%
	MO	B	0.1%	0.04%	0.04%
	MOH	F	0.02%	0.07%	0.02%
	MOS	C	0.01%	0.02%	0.01%
	MPC	F	0.06%	0.16%	0.06%
	MPWR	F	0.05%	0.05%	0.05%
	MRK	F	0.32%	0.45%	0.32%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.02%	0.02%	0.02%
	MRVL	B	0.07%	0.01%	0.01%
	MS	B	0.14%	0.1%	0.1%
	MSCI	B	0.05%	0.0%	0.0%
	MSFT	C	3.59%	2.28%	2.28%
	MSI	A	0.08%	0.6%	0.08%
	MSTR	B	0.03%	0.0%	0.0%
	MTB	B	0.03%	0.04%	0.03%
	MTCH	F	0.01%	0.0%	0.0%
	MU	C	0.13%	0.04%	0.04%
	MUFG	B	0.13%	0.13%	0.13%
	NBIX	C	0.01%	0.11%	0.01%
	NDAQ	B	0.03%	0.01%	0.01%
	NDSN	C	0.02%	0.02%	0.02%
	NEE	D	0.19%	0.06%	0.06%
	NEM	D	0.06%	0.04%	0.04%
	NET	C	0.03%	0.0%	0.0%
	NFLX	A	0.34%	0.5%	0.34%
	NI	A	0.02%	0.01%	0.01%
	NKE	F	0.12%	0.17%	0.12%
	NMR	B	0.02%	0.01%	0.01%
	NOC	C	0.08%	0.33%	0.08%
	NOW	B	0.21%	0.01%	0.01%
	NRG	B	0.02%	0.01%	0.01%
	NSC	B	0.06%	0.03%	0.03%
	NTAP	C	0.03%	0.04%	0.03%
	NTRS	B	0.02%	0.02%	0.02%
	NUE	C	0.04%	0.04%	0.04%
	NVDA	B	3.19%	2.42%	2.42%
	NVR	D	0.03%	0.06%	0.03%
	NVS	D	0.26%	0.84%	0.26%
	NWSA	B	0.01%	0.01%	0.01%
	NXPI	D	0.07%	0.02%	0.02%
	O	D	0.06%	0.02%	0.02%
	OC	B	0.02%	0.03%	0.02%
	ODFL	B	0.04%	0.07%	0.04%
	OKE	A	0.06%	0.03%	0.03%
	OKTA	D	0.01%	0.0%	0.0%
	OMC	B	0.02%	0.04%	0.02%
	ON	D	0.04%	0.01%	0.01%
	ORCL	A	0.3%	0.24%	0.24%
	ORLY	B	0.07%	0.23%	0.07%
	OTEX	F	0.01%	0.0%	0.0%
	OTIS	B	0.05%	0.01%	0.01%
	OVV	D	0.01%	0.02%	0.01%
	OXY	F	0.04%	0.03%	0.03%
	PANW	A	0.12%	0.17%	0.12%
	PARA	C	0.01%	0.02%	0.01%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	A	0.05%	0.1%	0.05%
	PCAR	B	0.06%	0.1%	0.06%
	PCG	B	0.05%	0.03%	0.03%
	PEG	D	0.05%	0.02%	0.02%
	PEP	F	0.26%	0.81%	0.26%
	PFE	F	0.18%	0.2%	0.18%
	PFG	C	0.02%	0.02%	0.02%
	PG	D	0.46%	0.93%	0.46%
	PGR	B	0.17%	0.33%	0.17%
	PH	B	0.09%	0.02%	0.02%
	PHM	D	0.03%	0.06%	0.03%
	PINS	D	0.02%	0.0%	0.0%
	PKG	B	0.02%	0.04%	0.02%
	PLD	F	0.13%	0.04%	0.04%
	PLTR	A	0.08%	0.0%	0.0%
	PM	C	0.21%	0.07%	0.07%
	PNC	A	0.08%	0.09%	0.08%
	PNR	B	0.02%	0.03%	0.02%
	PODD	B	0.02%	0.0%	0.0%
	POOL	B	0.02%	0.03%	0.02%
	PPG	F	0.04%	0.01%	0.01%
	PPL	B	0.03%	0.01%	0.01%
	PRU	C	0.05%	0.05%	0.05%
	PSA	D	0.06%	0.08%	0.06%
	PSTG	C	0.02%	0.0%	0.0%
	PSX	F	0.06%	0.13%	0.06%
	PTC	B	0.02%	0.08%	0.02%
	PWR	A	0.05%	0.01%	0.01%
	PYPL	A	0.09%	0.04%	0.04%
	QCOM	C	0.21%	0.33%	0.21%
	QGEN	D	0.01%	0.0%	0.0%
	QRVO	F	0.01%	0.0%	0.0%
	RBLX	B	0.03%	0.0%	0.0%
	RCL	B	0.05%	0.01%	0.01%
	REG	B	0.01%	0.01%	0.01%
	REGN	F	0.12%	0.34%	0.12%
	RF	B	0.02%	0.03%	0.02%
	RIVN	F	0.01%	0.0%	0.0%
	RJF	B	0.03%	0.02%	0.02%
	RMD	B	0.04%	0.05%	0.04%
	ROK	B	0.03%	0.06%	0.03%
	ROKU	C	0.01%	0.0%	0.0%
	ROL	C	0.02%	0.08%	0.02%
	ROP	B	0.07%	0.48%	0.07%
	ROST	D	0.06%	0.02%	0.02%
	RPM	B	0.02%	0.01%	0.01%
	RPRX	F	0.01%	0.01%	0.01%
	RS	B	0.02%	0.02%	0.02%
	RSG	B	0.05%	0.44%	0.05%
	RTX	C	0.18%	0.09%	0.09%
	RVTY	B	0.02%	0.01%	0.01%
	SBAC	D	0.03%	0.01%	0.01%
	SBUX	B	0.12%	0.04%	0.04%
	SCHW	B	0.11%	0.04%	0.04%
	SEIC	B	0.01%	0.02%	0.01%
	SHW	B	0.1%	0.13%	0.1%
	SJM	D	0.01%	0.07%	0.01%
	SLB	D	0.07%	0.03%	0.03%
	SMCI	F	0.02%	0.02%	0.02%
	SMFG	B	0.09%	0.09%	0.09%
	SNA	A	0.02%	0.03%	0.02%
	SNOW	C	0.04%	0.0%	0.0%
	SNPS	B	0.09%	0.12%	0.09%
	SO	D	0.11%	0.47%	0.11%
	SOLV	C	0.01%	0.03%	0.01%
	SONY	C	0.13%	0.08%	0.08%
	SPG	A	0.06%	0.02%	0.02%
	SPGI	D	0.18%	0.03%	0.03%
	SQ	C	0.04%	0.01%	0.01%
	SRE	A	0.0%	0.03%	0.0%
	SSNC	C	0.02%	0.01%	0.01%
	STE	F	0.03%	0.01%	0.01%
	STLA	F	0.03%	0.08%	0.03%
	STLD	B	0.02%	0.02%	0.02%
	STT	B	0.03%	0.03%	0.03%
	STX	D	0.02%	0.01%	0.01%
	STZ	F	0.05%	0.01%	0.01%
	SUI	F	0.02%	0.01%	0.01%
	SW	B	0.03%	0.03%	0.03%
	SWK	F	0.02%	0.01%	0.01%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	B	0.02%	0.03%	0.02%
	SYK	A	0.15%	0.03%	0.03%
	SYY	C	0.04%	0.03%	0.03%
	T	B	0.18%	0.38%	0.18%
	TAP	B	0.01%	0.01%	0.01%
	TD	D	0.12%	0.12%	0.12%
	TDG	C	0.09%	0.01%	0.01%
	TDY	A	0.02%	0.06%	0.02%
	TECH	B	0.01%	0.0%	0.0%
	TER	F	0.02%	0.03%	0.02%
	TFC	B	0.06%	0.08%	0.06%
	TFX	F	0.01%	0.0%	0.0%
	TGT	F	0.08%	0.15%	0.08%
	TJX	C	0.15%	0.33%	0.15%
	TM	F	0.24%	0.14%	0.14%
	TMO	F	0.26%	0.06%	0.06%
	TMUS	A	0.11%	0.72%	0.11%
	TOST	B	0.01%	0.0%	0.0%
	TPL	B	0.02%	0.05%	0.02%
	TRGP	A	0.04%	0.04%	0.04%
	TRMB	A	0.02%	0.01%	0.01%
	TROW	B	0.03%	0.05%	0.03%
	TRU	C	0.02%	0.01%	0.01%
	TRV	B	0.06%	0.28%	0.06%
	TSCO	C	0.04%	0.05%	0.04%
	TSLA	B	0.81%	0.12%	0.12%
	TSN	D	0.02%	0.13%	0.02%
	TT	A	0.1%	0.14%	0.1%
	TTC	D	0.01%	0.02%	0.01%
	TTD	B	0.05%	0.0%	0.0%
	TTWO	B	0.03%	0.01%	0.01%
	TW	B	0.02%	0.0%	0.0%
	TWLO	A	0.01%	0.01%	0.01%
	TXN	A	0.21%	0.5%	0.21%
	TXT	D	0.02%	0.01%	0.01%
	TYL	B	0.03%	0.0%	0.0%
	UBER	F	0.17%	0.01%	0.01%
	UDR	C	0.02%	0.0%	0.0%
	UHAL	B	0.01%	0.01%	0.01%
	UHAL	B	0.0%	0.01%	0.0%
	UHS	D	0.01%	0.01%	0.01%
	UL	D	0.18%	0.29%	0.18%
	ULTA	C	0.02%	0.07%	0.02%
	UNH	B	0.6%	1.3%	0.6%
	UNP	D	0.17%	0.26%	0.17%
	UPS	D	0.11%	0.07%	0.07%
	URI	B	0.06%	0.02%	0.02%
	USB	B	0.08%	0.09%	0.08%
	UTHR	B	0.02%	0.15%	0.02%
	V	B	0.49%	1.14%	0.49%
	VEEV	B	0.03%	0.05%	0.03%
	VICI	D	0.04%	0.02%	0.02%
	VLO	D	0.05%	0.07%	0.05%
	VLTO	D	0.03%	0.05%	0.03%
	VMC	B	0.04%	0.01%	0.01%
	VRSK	A	0.04%	0.01%	0.01%
	VRSN	D	0.02%	0.14%	0.02%
	VRT	A	0.04%	0.0%	0.0%
	VRTX	A	0.13%	0.44%	0.13%
	VST	B	0.05%	0.01%	0.01%
	VTR	B	0.03%	0.01%	0.01%
	VTRS	B	0.02%	0.03%	0.02%
	VZ	D	0.21%	0.58%	0.21%
	WAB	A	0.04%	0.01%	0.01%
	WAT	B	0.02%	0.04%	0.02%
	WBA	F	0.01%	0.04%	0.01%
	WBD	C	0.02%	0.06%	0.02%
	WCN	B	0.05%	0.26%	0.05%
	WDAY	C	0.06%	0.04%	0.04%
	WDC	C	0.03%	0.01%	0.01%
	WEC	B	0.03%	0.2%	0.03%
	WELL	B	0.09%	0.02%	0.02%
	WFC	B	0.22%	0.25%	0.22%
	WFG	D	0.01%	0.01%	0.01%
	WLK	F	0.01%	0.0%	0.0%
	WM	B	0.09%	0.52%	0.09%
	WMB	B	0.06%	0.18%	0.06%
	WMT	A	0.39%	0.75%	0.39%
	WPC	D	0.02%	0.01%	0.01%
	WRB	B	0.02%	0.14%	0.02%
	WSM	F	0.02%	0.04%	0.02%
	WSO	B	0.02%	0.03%	0.02%
	WST	C	0.02%	0.04%	0.02%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.03%	0.07%	0.03%
	WY	D	0.03%	0.02%	0.02%
	WYNN	D	0.01%	0.0%	0.0%
	XEL	B	0.04%	0.08%	0.04%
	XOM	B	0.59%	0.46%	0.46%
	XRX	F	0.02%	0.0%	0.0%
	XRX	F	0.0%	0.0%	0.0%
	XYL	F	0.04%	0.01%	0.01%
	YUM	C	0.04%	0.15%	0.04%
	Z	B	0.01%	0.0%	0.0%
	ZBH	C	0.03%	0.01%	0.01%
	ZBRA	B	0.02%	0.01%	0.01%
	ZM	A	0.02%	0.01%	0.01%
	ZTS	F	0.1%	0.16%	0.1%

VT Overweight 1174 Positions Relative to QWLD

	Symbol	Grade	Weight
	BABA	D	0.25%
	BLK	B	0.16%
	HDB	B	0.13%
	PDD	D	0.11%
	SHOP	B	0.11%
	IBN	C	0.07%
	SPOT	B	0.06%
	FLUT	B	0.05%
	NU	B	0.05%
	MTD	F	0.04%
	TCOM	C	0.04%
	ALNY	B	0.04%
	GOLD	D	0.04%
	VALE	D	0.04%
	ICLR	F	0.03%
	TEAM	B	0.03%
	HUBS	B	0.03%
	CPNG	C	0.03%
	BIDU	F	0.03%
	RBA	B	0.02%
	FND	F	0.02%
	BGNE	D	0.02%
	PCVX	D	0.02%
	LI	F	0.02%
	CASY	B	0.02%
	FIX	A	0.02%
	RNR	B	0.02%
	USFD	B	0.02%
	NTNX	B	0.02%
	NTRA	A	0.02%
	RGA	B	0.02%
	IBKR	B	0.02%
	GWRE	B	0.02%
	ZS	C	0.02%
	THC	B	0.02%
	TOL	B	0.02%
	INFY	D	0.02%
	KB	C	0.02%
	YUMC	B	0.02%
	CVNA	B	0.02%
	MDB	C	0.02%
	UMC	F	0.02%
	SHG	D	0.02%
	AVT	B	0.01%
	GATX	B	0.01%
	RMBS	C	0.01%
	RDNT	A	0.01%
	SLG	B	0.01%
	SUM	B	0.01%
	ALKS	C	0.01%
	AN	D	0.01%
	PECO	B	0.01%
	BOX	B	0.01%
	QTWO	B	0.01%
	MC	B	0.01%
	UMBF	B	0.01%
	PSN	B	0.01%
	TENB	D	0.01%
	LYFT	C	0.01%
	JHG	A	0.01%
	HOG	F	0.01%
	CNX	B	0.01%
	BDC	B	0.01%
	FUL	D	0.01%
	TPG	B	0.01%
	UBSI	B	0.01%
	AL	B	0.01%
	CPRI	F	0.01%
	ABG	B	0.01%
	UAL	A	0.01%
	SWX	B	0.01%
	HCP	A	0.01%
	QLYS	C	0.01%
	VALE	D	0.01%
	POR	D	0.01%
	ITRI	A	0.01%
	SM	C	0.01%
	AM	B	0.01%
	OGN	F	0.01%
	HXL	D	0.01%
	CIVI	D	0.01%
	FIVE	F	0.01%
	ROIV	C	0.01%
	ZWS	B	0.01%
	RNA	B	0.01%
	SLM	B	0.01%
	PI	C	0.01%
	SKY	C	0.01%
	GPI	B	0.01%
	PIPR	B	0.01%
	MMYT	B	0.01%
	CFLT	C	0.01%
	KNF	B	0.01%
	RH	B	0.01%
	VNT	B	0.01%
	TMDX	F	0.01%
	UGI	D	0.01%
	BCO	D	0.01%
	KD	B	0.01%
	FELE	C	0.01%
	TKR	F	0.01%
	THG	A	0.01%
	NXST	C	0.01%
	FNB	B	0.01%
	IDA	A	0.01%
	LNC	B	0.01%
	FFIN	B	0.01%
	ACIW	B	0.01%
	OMF	A	0.01%
	BOOT	D	0.01%
	OPCH	F	0.01%
	GTLS	B	0.01%
	TAL	C	0.01%
	GBCI	B	0.01%
	RARE	D	0.01%
	ZETA	B	0.01%
	RDN	D	0.01%
	SEE	C	0.01%
	W	F	0.01%
	HOMB	B	0.01%
	DOCS	B	0.01%
	NFG	C	0.01%
	APPF	D	0.01%
	FSS	C	0.01%
	SON	F	0.01%
	MMS	C	0.01%
	VVV	B	0.01%
	CHT	D	0.01%
	BILL	B	0.01%
	COLB	B	0.01%
	BCPC	B	0.01%
	KRG	B	0.01%
	MUR	F	0.01%
	ALTR	C	0.01%
	WTS	C	0.01%
	BECN	B	0.01%
	FOUR	B	0.01%
	VIPS	D	0.01%
	CHX	D	0.01%
	ST	F	0.01%
	SRCL	A	0.01%
	CADE	B	0.01%
	AVAV	B	0.01%
	BCH	D	0.01%
	AUR	C	0.01%
	THO	C	0.01%
	OLN	F	0.01%
	CELH	F	0.01%
	MDU	F	0.01%
	MMSI	A	0.01%
	DY	C	0.01%
	POST	D	0.01%
	BZ	D	0.01%
	SIGI	B	0.01%
	EXPO	D	0.01%
	XRAY	F	0.01%
	WHR	B	0.01%
	MASI	B	0.01%
	KBH	C	0.01%
	EPRT	C	0.01%
	PATH	D	0.01%
	VMI	B	0.01%
	AWI	A	0.01%
	COOP	A	0.01%
	AMG	C	0.01%
	SIRI	D	0.01%
	ACHC	F	0.01%
	BC	C	0.01%
	OLLI	C	0.01%
	MOG.A	B	0.01%
	DAR	C	0.01%
	BCC	B	0.01%
	ESAB	B	0.01%
	BPMC	C	0.01%
	EXLS	A	0.01%
	CLF	D	0.01%
	NSIT	F	0.01%
	IBP	F	0.01%
	ELF	D	0.01%
	GXO	C	0.01%
	PVH	C	0.01%
	AXS	A	0.01%
	CSWI	A	0.01%
	ONB	B	0.01%
	MTDR	C	0.01%
	CMC	B	0.01%
	RHP	B	0.01%
	ESI	B	0.01%
	TRNO	D	0.01%
	CWST	C	0.01%
	CYTK	D	0.01%
	GTLB	C	0.01%
	INSP	D	0.01%
	BMI	C	0.01%
	VRNS	D	0.01%
	DBX	C	0.01%
	WH	A	0.01%
	FAF	D	0.01%
	CBT	B	0.01%
	IONS	F	0.01%
	MTSI	B	0.01%
	LEA	F	0.01%
	HLNE	B	0.01%
	ESTC	C	0.01%
	RLI	A	0.01%
	GKOS	B	0.01%
	FRPT	B	0.01%
	WIT	B	0.01%
	BILI	C	0.01%
	R	A	0.01%
	ERJ	B	0.01%
	WFRD	F	0.01%
	PCOR	C	0.01%
	IVZ	B	0.01%
	S	B	0.01%
	SITE	C	0.01%
	ITUB	F	0.01%
	SNV	B	0.01%
	U	D	0.01%
	RHI	B	0.01%
	AZEK	B	0.01%
	MAT	C	0.01%
	LFUS	C	0.01%
	VKTX	C	0.01%
	ZION	B	0.01%
	NOV	D	0.01%
	OSK	B	0.01%
	CVLT	A	0.01%
	MTN	D	0.01%
	CRUS	F	0.01%
	YMM	C	0.01%
	RYAN	B	0.01%
	STWD	D	0.01%
	ALV	C	0.01%
	ETSY	D	0.01%
	FLS	A	0.01%
	NOVT	B	0.01%
	RVMD	B	0.01%
	HQY	A	0.01%
	MOD	C	0.01%
	MSA	D	0.01%
	LPX	B	0.01%
	JAZZ	B	0.01%
	LSTR	C	0.01%
	JXN	B	0.01%
	ESNT	F	0.01%
	VNO	A	0.01%
	WSC	C	0.01%
	CGNX	C	0.01%
	SAIC	B	0.01%
	VFC	B	0.01%
	GNTX	D	0.01%
	MTG	D	0.01%
	KEX	C	0.01%
	ANF	C	0.01%
	PB	B	0.01%
	TMHC	A	0.01%
	HALO	C	0.01%
	PLNT	B	0.01%
	ASAI	F	0.01%
	RRC	C	0.01%
	G	B	0.01%
	LSCC	C	0.01%
	SN	C	0.01%
	CFR	B	0.01%
	MTH	D	0.01%
	LUMN	B	0.01%
	PNFP	B	0.01%
	ELAN	D	0.01%
	PCTY	B	0.01%
	CBSH	A	0.01%
	AAON	B	0.01%
	WCC	B	0.01%
	XP	F	0.01%
	ARW	F	0.01%
	BPOP	D	0.01%
	PEN	C	0.01%
	EXEL	B	0.01%
	SPSC	F	0.01%
	APG	B	0.01%
	BRKR	F	0.01%
	TREX	C	0.01%
	ADC	B	0.01%
	UFPI	C	0.01%
	CRS	B	0.01%
	STAG	D	0.01%
	SSB	B	0.01%
	FR	D	0.01%
	LNTH	D	0.01%
	SMAR	B	0.01%
	DTM	A	0.01%
	MTZ	A	0.01%
	CR	A	0.01%
	WTFC	B	0.01%
	AGNC	D	0.01%
	RL	B	0.01%
	COLD	F	0.01%
	SWN	C	0.01%
	X	C	0.01%
	ITCI	A	0.01%
	MKSI	D	0.01%
	BERY	C	0.01%
	CMA	B	0.01%
	VOYA	B	0.01%
	MIDD	C	0.01%
	COKE	D	0.01%
	FCN	F	0.01%
	FLR	C	0.01%
	BFAM	F	0.01%
	BRX	A	0.01%
	GMED	B	0.01%
	AXTA	A	0.01%
	XPEV	C	0.01%
	MLI	B	0.01%
	SOFI	A	0.01%
	BRBR	A	0.01%
	HLI	B	0.01%
	ATI	D	0.01%
	RGEN	F	0.01%
	FMC	D	0.01%
	AR	C	0.01%
	AYI	A	0.01%
	OGE	A	0.01%
	WBS	B	0.01%
	BWA	D	0.01%
	ALSN	A	0.01%
	MORN	A	0.01%
	GLOB	B	0.01%
	WIX	B	0.01%
	RBC	A	0.01%
	ENSG	C	0.01%
	ABEV	F	0.01%
	CNM	D	0.01%
	MHK	D	0.01%
	AIT	A	0.01%
	ORI	B	0.01%
	LNW	C	0.01%
	GME	C	0.01%
	FHN	B	0.01%
	FYBR	C	0.01%
	FN	B	0.01%
	NNN	D	0.01%
	LBRDK	B	0.01%
	CROX	F	0.01%
	WEX	F	0.01%
	NCLH	B	0.01%
	INGR	B	0.01%
	EVR	B	0.01%
	DCI	A	0.01%
	MEDP	D	0.01%
	TME	D	0.01%
	HRB	D	0.01%
	LAD	B	0.01%
	SKX	F	0.01%
	CIEN	A	0.01%
	PR	C	0.01%
	SNX	B	0.01%
	NYT	B	0.01%
	GPK	C	0.01%
	SF	B	0.01%
	EGP	D	0.01%
	NIO	F	0.01%
	SSD	C	0.01%
	CZR	D	0.01%
	CHE	F	0.01%
	KBR	A	0.01%
	MUSA	C	0.01%
	RGLD	B	0.01%
	EHC	B	0.01%
	CHDN	B	0.01%
	GNRC	A	0.01%
	AFRM	B	0.01%
	AA	B	0.01%
	WAL	B	0.01%
	OWL	B	0.01%
	CHT	D	0.01%
	TPX	C	0.01%
	FRT	C	0.01%
	EXP	B	0.01%
	PRI	A	0.01%
	TKO	D	0.01%
	SCCO	D	0.01%
	OHI	B	0.01%
	OLED	F	0.01%
	GL	C	0.01%
	ARMK	B	0.01%
	ONTO	F	0.01%
	DOX	A	0.01%
	PNW	B	0.01%
	DUOL	B	0.01%
	BWXT	B	0.01%
	ATR	B	0.01%
	KNSL	D	0.01%
	JEF	B	0.01%
	HAS	D	0.01%
	WWD	B	0.01%
	CACI	B	0.01%
	LECO	C	0.01%
	WMS	D	0.01%
	UNM	B	0.01%
	INSM	C	0.01%
	BJ	B	0.01%
	REXR	F	0.01%
	FTI	B	0.01%
	SCI	A	0.01%
	TPR	A	0.01%
	MNDY	A	0.01%
	RRX	B	0.01%
	SFM	A	0.01%
	EWBC	B	0.01%
	SRPT	F	0.01%
	COHR	B	0.01%
	LAMR	C	0.01%
	SAIA	C	0.01%
	NVT	B	0.01%
	CUBE	D	0.01%
	PFGC	B	0.01%
	TXRH	B	0.01%
	BAP	B	0.01%
	CLH	B	0.01%
	ITT	A	0.01%
	TTEK	C	0.01%
	XPO	B	0.01%
	BEKE	C	0.01%
	CYBR	B	0.01%
	CW	A	0.01%
	WING	F	0.01%
	ONON	C	0.01%
	JLL	C	0.01%
	BLD	F	0.01%
	FLEX	A	0.01%
	JEWL	D	0.0%
	CSAN	F	0.0%
	SEG	D	0.0%
	DAO	B	0.0%
	CALX	F	0.0%
	VGR	B	0.0%
	SAN	C	0.0%
	DADA	D	0.0%
	GCBC	C	0.0%
	CAN	C	0.0%
	HUYA	F	0.0%
	SLDB	F	0.0%
	AUDC	F	0.0%
	ATHM	D	0.0%
	IONR	D	0.0%
	CHGX	A	0.0%
	CTS	B	0.0%
	SID	F	0.0%
	ENIC	C	0.0%
	AZUL	F	0.0%
	USNA	C	0.0%
	BFS	B	0.0%
	TWKS	C	0.0%
	DDL	B	0.0%
	HTZ	D	0.0%
	SHG	D	0.0%
	RENB	D	0.0%
	SOHU	D	0.0%
	CLBK	B	0.0%
	ALX	C	0.0%
	LGF.A	D	0.0%
	HTLD	C	0.0%
	VNET	C	0.0%
	IRWD	D	0.0%
	GOTU	F	0.0%
	SSBI	F	0.0%
	EH	C	0.0%
	NFE	F	0.0%
	OPK	C	0.0%
	SANA	F	0.0%
	VMAR	F	0.0%
	VIR	C	0.0%
	TFSL	B	0.0%
	SWI	B	0.0%
	TTGT	C	0.0%
	GES	F	0.0%
	JBLU	C	0.0%
	RLAY	F	0.0%
	ELBM	D	0.0%
	GRIN	A	0.0%
	MCW	B	0.0%
	IMOS	F	0.0%
	BMBL	D	0.0%
	PRTA	F	0.0%
	HLF	C	0.0%
	PCRX	D	0.0%
	CVI	F	0.0%
	WB	D	0.0%
	DLO	F	0.0%
	RBCAA	B	0.0%
	FLNG	F	0.0%
	RCUS	C	0.0%
	LGF.A	D	0.0%
	UMC	F	0.0%
	MNTX	C	0.0%
	FG	B	0.0%
	CENX	B	0.0%
	SSTK	D	0.0%
	LILAK	F	0.0%
	LILA	F	0.0%
	MMI	B	0.0%
	DRVN	B	0.0%
	PRO	C	0.0%
	LMND	B	0.0%
	ATSG	B	0.0%
	PGRE	B	0.0%
	MATV	F	0.0%
	CSIQ	F	0.0%
	DNUT	D	0.0%
	FVRR	B	0.0%
	UI	B	0.0%
	MRVI	F	0.0%
	SCHL	F	0.0%
	JOBY	F	0.0%
	EYE	D	0.0%
	OEC	F	0.0%
	ETWO	F	0.0%
	ASAN	C	0.0%
	SHLS	D	0.0%
	MATX	B	0.0%
	FINV	C	0.0%
	CBRL	D	0.0%
	LFST	C	0.0%
	NABL	F	0.0%
	CLB	C	0.0%
	AVNS	F	0.0%
	VICR	B	0.0%
	SAFT	C	0.0%
	ARRY	F	0.0%
	BHLB	B	0.0%
	DJT	D	0.0%
	MOMO	C	0.0%
	BSAC	D	0.0%
	ECPG	B	0.0%
	DLX	B	0.0%
	JACK	D	0.0%
	IMAX	B	0.0%
	SDGR	D	0.0%
	SRCE	B	0.0%
	TRS	B	0.0%
	CRK	B	0.0%
	COUR	F	0.0%
	DQ	C	0.0%
	SQM	F	0.0%
	PIXY	F	0.0%
	JKS	C	0.0%
	FSLY	D	0.0%
	KALU	C	0.0%
	AAT	B	0.0%
	SPNS	B	0.0%
	CNA	D	0.0%
	SCSC	C	0.0%
	KLG	C	0.0%
	PYCR	C	0.0%
	FDP	B	0.0%
	ODP	F	0.0%
	LBRDA	B	0.0%
	FIZZ	B	0.0%
	YY	D	0.0%
	DK	F	0.0%
	CSR	B	0.0%
	WMK	B	0.0%
	PDM	B	0.0%
	ALEX	B	0.0%
	GIII	C	0.0%
	OMI	F	0.0%
	OXM	F	0.0%
	AMRC	F	0.0%
	SFL	F	0.0%
	SASR	B	0.0%
	MXL	C	0.0%
	MSGE	C	0.0%
	IQ	F	0.0%
	CWEN	D	0.0%
	IART	C	0.0%
	LADR	C	0.0%
	WS	A	0.0%
	ATRC	C	0.0%
	WOLF	F	0.0%
	AGL	F	0.0%
	PLAY	C	0.0%
	DAN	F	0.0%
	AHCO	F	0.0%
	EXPI	C	0.0%
	PHR	F	0.0%
	WT	B	0.0%
	HOPE	B	0.0%
	UPWK	B	0.0%
	SCS	C	0.0%
	ALHC	B	0.0%
	INVA	B	0.0%
	JELD	F	0.0%
	XNCR	B	0.0%
	EC	F	0.0%
	WOR	D	0.0%
	HRMY	D	0.0%
	OPEN	F	0.0%
	APPN	B	0.0%
	PKX	F	0.0%
	RCKT	F	0.0%
	CERT	D	0.0%
	UVV	C	0.0%
	CXW	B	0.0%
	SEDG	F	0.0%
	MGPI	F	0.0%
	TRMD	F	0.0%
	NWN	B	0.0%
	JAMF	F	0.0%
	LNN	B	0.0%
	EIG	B	0.0%
	NGVT	C	0.0%
	CTS	B	0.0%
	AKO.A	F	0.0%
	DDS	C	0.0%
	SPT	F	0.0%
	RLJ	D	0.0%
	FLNC	D	0.0%
	KW	B	0.0%
	TLRY	F	0.0%
	NAVI	F	0.0%
	HTH	C	0.0%
	GEF	B	0.0%
	HMN	B	0.0%
	GGB	C	0.0%
	AIV	D	0.0%
	INMD	C	0.0%
	SPNT	C	0.0%
	APOG	A	0.0%
	HELE	D	0.0%
	BLMN	F	0.0%
	BKE	B	0.0%
	ENVX	F	0.0%
	PMT	D	0.0%
	ATAT	C	0.0%
	NWBI	B	0.0%
	TDOC	D	0.0%
	ESRT	C	0.0%
	RLX	F	0.0%
	PGNY	F	0.0%
	HLIO	B	0.0%
	STBA	C	0.0%
	PEB	D	0.0%
	LTC	B	0.0%
	REYN	F	0.0%
	SNDR	A	0.0%
	SONO	C	0.0%
	MODG	F	0.0%
	DNOW	C	0.0%
	VSAT	F	0.0%
	SBH	C	0.0%
	LTH	C	0.0%
	CAR	D	0.0%
	GBX	B	0.0%
	TRIP	D	0.0%
	SABR	C	0.0%
	WSBC	B	0.0%
	SCL	C	0.0%
	CSGS	B	0.0%
	AY	B	0.0%
	CMPR	F	0.0%
	ARI	D	0.0%
	GNL	D	0.0%
	THRM	F	0.0%
	NTCT	B	0.0%
	CHCO	B	0.0%
	GTY	B	0.0%
	AMWD	B	0.0%
	BHE	B	0.0%
	VRE	B	0.0%
	VRTS	B	0.0%
	HEES	B	0.0%
	NNI	C	0.0%
	SUPN	B	0.0%
	GEO	B	0.0%
	AMN	F	0.0%
	WGO	C	0.0%
	PD	C	0.0%
	CENTA	D	0.0%
	PAGS	F	0.0%
	TRUP	C	0.0%
	ARVN	D	0.0%
	RAMP	C	0.0%
	INFA	D	0.0%
	ELME	C	0.0%
	KN	B	0.0%
	FRHC	B	0.0%
	VRNT	F	0.0%
	SYBT	B	0.0%
	XHR	B	0.0%
	UPBD	C	0.0%
	LOB	C	0.0%
	PTON	A	0.0%
	HE	D	0.0%
	GOGL	D	0.0%
	MCY	A	0.0%
	JBGS	D	0.0%
	DRH	B	0.0%
	BCRX	C	0.0%
	GO	D	0.0%
	UAA	C	0.0%
	AMC	F	0.0%
	SGRP	C	0.0%
	NVCR	C	0.0%
	LGND	B	0.0%
	SJW	D	0.0%
	MLKN	F	0.0%
	NTB	B	0.0%
	IMVT	C	0.0%
	PZZA	C	0.0%
	MGNI	C	0.0%
	TRMK	B	0.0%
	PDCO	D	0.0%
	ATHM	D	0.0%
	TROX	F	0.0%
	FCF	B	0.0%
	FOXF	F	0.0%
	GOLF	B	0.0%
	WKC	D	0.0%
	ACAD	D	0.0%
	EXTR	B	0.0%
	TFIN	B	0.0%
	LZB	C	0.0%
	TNC	F	0.0%
	VIAV	B	0.0%
	WLY	B	0.0%
	FTRE	D	0.0%
	NBTB	B	0.0%
	KAR	B	0.0%
	BEAM	C	0.0%
	HI	C	0.0%
	B	B	0.0%
	PPC	B	0.0%
	CNNE	B	0.0%
	FRME	B	0.0%
	RXRX	D	0.0%
	BANR	B	0.0%
	ALK	B	0.0%
	TTMI	A	0.0%
	KOS	F	0.0%
	ROCK	C	0.0%
	STRA	D	0.0%
	OI	D	0.0%
	HURN	B	0.0%
	NEO	C	0.0%
	PRVA	C	0.0%
	CAR	D	0.0%
	JOE	F	0.0%
	AMPH	D	0.0%
	BIRK	F	0.0%
	CAKE	B	0.0%
	THS	F	0.0%
	NMRK	B	0.0%
	EPC	D	0.0%
	VYX	C	0.0%
	AAL	C	0.0%
	STAA	F	0.0%
	PHIN	B	0.0%
	LSPD	C	0.0%
	ADNT	F	0.0%
	DOOO	F	0.0%
	EVTC	C	0.0%
	CABO	C	0.0%
	MRCY	B	0.0%
	HAFN	F	0.0%
	VSTS	F	0.0%
	NTLA	F	0.0%
	CSTM	F	0.0%
	FLYW	C	0.0%
	WABC	B	0.0%
	PLUG	D	0.0%
	RNST	B	0.0%
	IBTX	B	0.0%
	AKRO	B	0.0%
	IPGP	C	0.0%
	OMCL	B	0.0%
	AI	C	0.0%
	ADTN	B	0.0%
	NATL	C	0.0%
	KMT	B	0.0%
	SXI	B	0.0%
	AMBA	B	0.0%
	QS	F	0.0%
	BANF	B	0.0%
	VSCO	B	0.0%
	ZD	C	0.0%
	FIVN	D	0.0%
	KYMR	B	0.0%
	BE	C	0.0%
	VGR	B	0.0%
	PRG	C	0.0%
	LAUR	B	0.0%
	GDS	B	0.0%
	VSTO	B	0.0%
	PSMT	C	0.0%
	FL	F	0.0%
	CNMD	C	0.0%
	BRZE	D	0.0%
	VSH	F	0.0%
	EQC	C	0.0%
	CLSK	C	0.0%
	ROG	C	0.0%
	RIOT	C	0.0%
	KWR	D	0.0%
	CVBF	B	0.0%
	SWTX	D	0.0%
	ROIC	A	0.0%
	MTRN	C	0.0%
	KSS	F	0.0%
	MTX	B	0.0%
	ABEV	F	0.0%
	NARI	C	0.0%
	YELP	C	0.0%
	UA	C	0.0%
	ENR	B	0.0%
	AIR	C	0.0%
	RCM	B	0.0%
	SBCF	B	0.0%
	PINC	B	0.0%
	SHO	B	0.0%
	MQ	F	0.0%
	HTLF	B	0.0%
	TS	B	0.0%
	IPAR	C	0.0%
	CWEN	D	0.0%
	BOH	B	0.0%
	HAYW	C	0.0%
	PFS	B	0.0%
	CRI	F	0.0%
	DBRG	F	0.0%
	IRTC	C	0.0%
	WERN	B	0.0%
	TDS	B	0.0%
	PPBI	B	0.0%
	AAP	F	0.0%
	EPAC	B	0.0%
	CALX	F	0.0%
	AGR	C	0.0%
	ARWR	C	0.0%
	PLMR	C	0.0%
	AZZ	B	0.0%
	BFH	B	0.0%
	FRSH	C	0.0%
	MP	B	0.0%
	AKR	B	0.0%
	DV	D	0.0%
	INDB	B	0.0%
	JWN	C	0.0%
	ENOV	C	0.0%
	OSIS	C	0.0%
	IGT	D	0.0%
	URBN	D	0.0%
	PRK	B	0.0%
	FIBK	B	0.0%
	IOVA	D	0.0%
	HNI	B	0.0%
	KLIC	C	0.0%
	WAFD	C	0.0%
	TXG	F	0.0%
	CNXC	F	0.0%
	MYGN	F	0.0%
	SFNC	B	0.0%
	VIRT	A	0.0%
	ARCH	B	0.0%
	GT	C	0.0%
	RPD	D	0.0%
	ZIM	B	0.0%
	NWS	B	0.0%
	ARCB	C	0.0%
	SGRY	D	0.0%
	GHC	A	0.0%
	LEG	F	0.0%
	JJSF	B	0.0%
	HHH	B	0.0%
	BKU	B	0.0%
	SHC	C	0.0%
	RNG	B	0.0%
	VAC	B	0.0%
	MGRC	B	0.0%
	OII	B	0.0%
	CNS	B	0.0%
	RRR	F	0.0%
	NCNO	B	0.0%
	APAM	B	0.0%
	LXP	D	0.0%
	CPK	B	0.0%
	NOMD	D	0.0%
	PRFT	A	0.0%
	LGIH	D	0.0%
	TWST	C	0.0%
	FFBC	B	0.0%
	OUT	C	0.0%
	UE	A	0.0%
	VC	F	0.0%
	AIN	D	0.0%
	FROG	C	0.0%
	GH	C	0.0%
	ALRM	C	0.0%
	VCYT	B	0.0%
	GRBK	D	0.0%
	FCPT	D	0.0%
	CDE	C	0.0%
	CARG	B	0.0%
	HUBG	B	0.0%
	GFF	C	0.0%
	HBI	B	0.0%
	CACC	F	0.0%
	SBLK	F	0.0%
	TNDM	F	0.0%
	HP	C	0.0%
	DEI	B	0.0%
	DOCN	D	0.0%
	AMR	C	0.0%
	REZI	A	0.0%
	LPL	F	0.0%
	SAM	C	0.0%
	AZTA	F	0.0%
	AWR	B	0.0%
	BOKF	B	0.0%
	CXT	D	0.0%
	SQSP	A	0.0%
	CATY	B	0.0%
	PTCT	B	0.0%
	BHF	B	0.0%
	HGV	C	0.0%
	PK	C	0.0%
	CSAN	F	0.0%
	PRGS	B	0.0%
	CCS	D	0.0%
	DORM	B	0.0%
	TRN	B	0.0%
	AGIO	B	0.0%
	UNF	B	0.0%
	PENN	C	0.0%
	ABR	B	0.0%
	IOSP	B	0.0%
	CLVT	F	0.0%
	SBSW	C	0.0%
	ALGM	F	0.0%
	PATK	D	0.0%
	TGNA	B	0.0%
	DYN	F	0.0%
	CRVL	B	0.0%
	BRFS	C	0.0%
	CBU	B	0.0%
	XENE	B	0.0%
	WSFS	B	0.0%
	LIF	B	0.0%
	YOU	D	0.0%
	JBT	B	0.0%
	SPB	C	0.0%
	PAG	C	0.0%
	TDC	D	0.0%
	TAC	C	0.0%
	ATGE	B	0.0%
	PFSI	D	0.0%
	APLS	F	0.0%
	WEN	C	0.0%
	NMIH	D	0.0%
	PTEN	D	0.0%
	WIT	B	0.0%
	CNK	B	0.0%
	AVA	D	0.0%
	CWT	D	0.0%
	TNET	F	0.0%
	AMED	C	0.0%
	SMTC	A	0.0%
	IBOC	B	0.0%
	TOWN	C	0.0%
	ATKR	D	0.0%
	CALM	B	0.0%
	GNW	C	0.0%
	ZG	B	0.0%
	CEIX	B	0.0%
	PBR	F	0.0%
	COLM	C	0.0%
	RUSHA	B	0.0%
	SLVM	A	0.0%
	DIOD	D	0.0%
	CBZ	B	0.0%
	NSP	F	0.0%
	CC	C	0.0%
	LBRT	F	0.0%
	RIG	D	0.0%
	PRIM	A	0.0%
	SMPL	C	0.0%
	CWK	B	0.0%
	FOLD	D	0.0%
	TNL	A	0.0%
	GGB	C	0.0%
	TCBI	B	0.0%
	FULT	B	0.0%
	LCID	F	0.0%
	SYNA	D	0.0%
	OTTR	D	0.0%
	EBC	B	0.0%
	SITM	B	0.0%
	UPST	B	0.0%
	CIB	B	0.0%
	LIVN	C	0.0%
	NWL	B	0.0%
	MRUS	B	0.0%
	ABM	B	0.0%
	SXT	B	0.0%
	PBF	F	0.0%
	ENV	C	0.0%
	BNL	D	0.0%
	FRO	F	0.0%
	MGEE	A	0.0%
	ZI	C	0.0%
	HCC	A	0.0%
	APLE	B	0.0%
	PEGA	A	0.0%
	ESE	B	0.0%
	STNG	F	0.0%
	AUB	B	0.0%
	CCOI	B	0.0%
	TGTX	A	0.0%
	UCB	B	0.0%
	STNE	F	0.0%
	SHOO	D	0.0%
	EVH	F	0.0%
	BL	C	0.0%
	PCH	F	0.0%
	BXMT	B	0.0%
	BGC	A	0.0%
	LANC	B	0.0%
	NPO	C	0.0%
	NHI	C	0.0%
	VAL	F	0.0%
	ACLS	F	0.0%
	ALE	A	0.0%
	BTU	B	0.0%
	EAT	B	0.0%
	AXNX	A	0.0%
	RKLB	B	0.0%
	DNB	B	0.0%
	FBP	C	0.0%
	SKT	B	0.0%
	NWE	D	0.0%
	ASB	B	0.0%
	CDP	C	0.0%
	AX	B	0.0%
	KTOS	B	0.0%
	AMKR	F	0.0%
	GVA	A	0.0%
	ALIT	D	0.0%
	WDFC	B	0.0%
	AXSM	D	0.0%
	NOG	B	0.0%
	QFIN	C	0.0%
	CVCO	A	0.0%
	NVST	C	0.0%
	PLXS	B	0.0%
	BBIO	D	0.0%
	ORA	B	0.0%
	HIMS	B	0.0%
	FORM	F	0.0%
	CRC	B	0.0%
	GTES	B	0.0%
	MAN	F	0.0%
	YETI	F	0.0%
	BROS	B	0.0%
	TEX	C	0.0%
	DNLI	B	0.0%
	BLKB	C	0.0%
	NUVL	D	0.0%
	WD	B	0.0%
	COTY	F	0.0%
	MPW	D	0.0%
	SANM	B	0.0%
	CNO	B	0.0%
	IDCC	A	0.0%
	PBH	B	0.0%
	MWA	A	0.0%
	HIW	B	0.0%
	NEOG	C	0.0%
	PRGO	D	0.0%
	POWI	C	0.0%
	MDGL	B	0.0%
	SMG	D	0.0%
	NEU	D	0.0%
	FHB	B	0.0%
	EPR	D	0.0%
	SEM	B	0.0%
	GMS	B	0.0%
	NSA	D	0.0%
	WHD	B	0.0%
	MSM	C	0.0%
	SPR	F	0.0%
	CHH	B	0.0%
	LCII	D	0.0%
	IIPR	F	0.0%
	MSGS	B	0.0%
	KMPR	A	0.0%
	PNM	B	0.0%
	GLNG	B	0.0%
	KAI	A	0.0%
	SLAB	F	0.0%
	CORT	B	0.0%
	FTDR	A	0.0%
	KFY	B	0.0%
	DXC	C	0.0%
	HASI	F	0.0%
	CRSP	C	0.0%
	RXO	B	0.0%
	SR	D	0.0%
	TDW	F	0.0%
	AROC	B	0.0%
	IRDM	C	0.0%
	ABCB	B	0.0%
	MAC	B	0.0%
	PRMW	C	0.0%
	SHAK	B	0.0%
	HL	D	0.0%
	ICUI	C	0.0%
	WK	B	0.0%
	RUN	F	0.0%
	ENS	F	0.0%
	HAE	B	0.0%
	CRDO	A	0.0%
	TPH	D	0.0%
	OGS	C	0.0%
	CRNX	A	0.0%
	KEP	D	0.0%
	VLY	B	0.0%
	AEO	F	0.0%
	SFBS	B	0.0%
	ESGR	B	0.0%
	AEIS	B	0.0%
	GFS	C	0.0%
	FLO	F	0.0%
	AVNT	B	0.0%
	KB	C	0.0%
	LOPE	A	0.0%
	WU	F	0.0%
	ITGR	B	0.0%
	ASGN	B	0.0%
	ASH	F	0.0%
	SBRA	B	0.0%
	HWC	B	0.0%
	ASO	F	0.0%
	AGO	B	0.0%
	M	C	0.0%
	LITE	B	0.0%
	IAC	C	0.0%
	WTM	B	0.0%
	NJR	C	0.0%
	SLGN	B	0.0%
	BYD	A	0.0%
	KTB	A	0.0%
	BKH	C	0.0%
	SIG	B	0.0%
	BBD	F	0.0%
	HUN	F	0.0%
	STRL	A	0.0%
	MHO	C	0.0%
	GAP	C	0.0%
	HRI	B	0.0%
	KRYS	C	0.0%
	DLB	C	0.0%
	MARA	C	0.0%
	CTRE	C	0.0%
	ACA	B	0.0%
	VRRM	F	0.0%
	MGY	A	0.0%
	OZK	B	0.0%
	CUZ	B	0.0%
	EEFT	C	0.0%
	RYN	D	0.0%
	KRC	B	0.0%
	PII	F	0.0%
	IRT	B	0.0%
	AEI	C	0.0%

VT Underweight 7 Positions Relative to QWLD

	Symbol	Grade	Weight
	LRCX	D	-0.2%
	ERIE	D	-0.12%
	MT	B	-0.05%
	BTI	D	-0.04%
	SE	C	-0.01%
	SNAP	C	-0.0%
	FUTU	C	-0.0%

VT: Top Represented Industries & Keywords

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

Keywords: S&P 500 Bank Banking Nasdaq 100 Computing Natural Gas Real Estate Investment Trust Insurance Medicine Chemical Electronics Aerospace Mining Electricity Telecommunications Deposit Products Transport Biotechnology Semiconductor Commercial Banking

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