ZZZ vs. QVML ETF Comparison

Comparison of Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

ZZZ

Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF

ZZZ Description

ZZZ blends two indices, splitting investments between traditional equities and Bitcoin futures. Approximately 75% of the funds assets are allocated to US large-cap stocks featured in the S&P 500. Simultaneously, the remaining 25% is dedicated to Bitcoin futures obtained through its wholly-owned Cayman Islands subsidiary. The fund rebalances monthly to maintain the 75/25 allocation, though the adviser retains the flexibility to rebalance more frequently during periods of significant price volatility. Note that the fund does not invest directly in Bitcoin, instead opting for USD-settled, front-month CME Bitcoin futures contracts. These contracts are typically rolled over in the last week of each month, although adjustments may occur based on prevailing market conditions. The fund holds high-quality securities, including US government securities, money market funds, and short-term corporate debts to manage risks associated with the contracts.

Grade (RS Rating)

Last Trade

$28.09

Average Daily Volume

709

Number of Holdings ^*

480

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.16

Average Daily Volume

1,434

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

Performance

Period	ZZZ	QVML
30 Days	13.77%	2.51%
60 Days	12.62%	4.26%
90 Days	13.76%	5.72%
12 Months		32.76%

424 Overlapping Holdings

	Symbol	Grade	Weight in ZZZ	Weight in QVML	Overlap
	A	D	0.04%	0.08%	0.04%
	AAPL	C	3.67%	7.2%	3.67%
	ABBV	D	0.32%	0.63%	0.32%
	ABNB	C	0.06%	0.13%	0.06%
	ABT	B	0.22%	0.41%	0.22%
	ACGL	D	0.04%	0.08%	0.04%
	ACN	C	0.24%	0.46%	0.24%
	ADBE	C	0.22%	0.47%	0.22%
	ADI	D	0.12%	0.23%	0.12%
	ADM	D	0.03%	0.06%	0.03%
	ADP	B	0.13%	0.26%	0.13%
	ADSK	A	0.07%	0.14%	0.07%
	AEE	A	0.03%	0.05%	0.03%
	AEP	D	0.05%	0.11%	0.05%
	AFL	B	0.06%	0.12%	0.06%
	AIG	B	0.06%	0.11%	0.06%
	AIZ	A	0.02%	0.03%	0.02%
	AJG	B	0.07%	0.14%	0.07%
	AKAM	D	0.01%	0.03%	0.01%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.07%	0.11%	0.07%
	ALLE	D	0.02%	0.03%	0.02%
	AMAT	F	0.15%	0.32%	0.15%
	AMCR	D	0.02%	0.03%	0.02%
	AMD	F	0.25%	0.47%	0.25%
	AME	A	0.04%	0.1%	0.04%
	AMP	A	0.06%	0.12%	0.06%
	AMZN	C	2.04%	3.81%	2.04%
	ANET	C	0.08%	0.21%	0.08%
	ANSS	B	0.04%	0.06%	0.04%
	AON	A	0.09%	0.17%	0.09%
	AOS	F	0.01%	0.02%	0.01%
	APA	D	0.01%	0.02%	0.01%
	APH	A	0.09%	0.2%	0.09%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.02%	0.03%	0.02%
	ATO	A	0.02%	0.05%	0.02%
	AVB	B	0.03%	0.07%	0.03%
	AVGO	D	0.76%	1.55%	0.76%
	AVY	D	0.02%	0.03%	0.02%
	AWK	D	0.03%	0.06%	0.03%
	AXON	A	0.07%	0.09%	0.07%
	AXP	A	0.19%	0.35%	0.19%
	BAC	A	0.36%	0.69%	0.36%
	BALL	D	0.02%	0.04%	0.02%
	BAX	D	0.02%	0.03%	0.02%
	BBY	D	0.02%	0.04%	0.02%
	BDX	F	0.08%	0.14%	0.08%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.01%	0.03%	0.01%
	BK	A	0.07%	0.12%	0.07%
	BKR	B	0.05%	0.1%	0.05%
	BLDR	D	0.02%	0.05%	0.02%
	BLK	C	0.12%	0.31%	0.12%
	BR	A	0.03%	0.06%	0.03%
	BRK.A	B	0.95%	1.89%	0.95%
	BRO	B	0.02%	0.06%	0.02%
	BSX	B	0.14%	0.28%	0.14%
	BWA	D	0.01%	0.02%	0.01%
	BX	A	0.14%	0.28%	0.14%
	BXP	D	0.01%	0.02%	0.01%
	C	A	0.15%	0.3%	0.15%
	CAG	D	0.01%	0.03%	0.01%
	CAH	B	0.03%	0.06%	0.03%
	CARR	D	0.07%	0.13%	0.07%
	CAT	B	0.22%	0.42%	0.22%
	CB	C	0.13%	0.24%	0.13%
	CBOE	B	0.02%	0.05%	0.02%
	CBRE	B	0.04%	0.08%	0.04%
	CCL	B	0.03%	0.05%	0.03%
	CDNS	B	0.1%	0.18%	0.1%
	CDW	F	0.02%	0.05%	0.02%
	CE	F	0.01%	0.02%	0.01%
	CEG	D	0.08%	0.17%	0.08%
	CF	B	0.02%	0.04%	0.02%
	CFG	B	0.03%	0.05%	0.03%
	CHD	B	0.02%	0.06%	0.02%
	CHRW	C	0.01%	0.03%	0.01%
	CHTR	C	0.04%	0.09%	0.04%
	CI	F	0.11%	0.2%	0.11%
	CINF	A	0.03%	0.05%	0.03%
	CL	D	0.09%	0.16%	0.09%
	CMCSA	B	0.19%	0.36%	0.19%
	CME	A	0.1%	0.17%	0.1%
	CMI	A	0.04%	0.11%	0.04%
	CMS	C	0.02%	0.04%	0.02%
	CNC	D	0.03%	0.07%	0.03%
	CNP	B	0.02%	0.04%	0.02%
	COF	B	0.08%	0.16%	0.08%
	COP	C	0.15%	0.31%	0.15%
	COR	B	0.05%	0.09%	0.05%
	COST	B	0.41%	0.86%	0.41%
	CPAY	A	0.04%	0.06%	0.04%
	CPB	D	0.01%	0.02%	0.01%
	CPRT	A	0.06%	0.11%	0.06%
	CPT	B	0.01%	0.03%	0.01%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.36%	0.68%	0.36%
	CSCO	B	0.26%	0.51%	0.26%
	CSGP	D	0.03%	0.06%	0.03%
	CSX	B	0.08%	0.15%	0.08%
	CTAS	B	0.1%	0.16%	0.1%
	CTRA	B	0.02%	0.05%	0.02%
	CTSH	B	0.04%	0.08%	0.04%
	CTVA	C	0.04%	0.09%	0.04%
	CVS	D	0.08%	0.15%	0.08%
	CVX	A	0.31%	0.63%	0.31%
	CZR	F	0.01%	0.02%	0.01%
	D	C	0.05%	0.1%	0.05%
	DAL	C	0.04%	0.08%	0.04%
	DAY	B	0.02%	0.03%	0.02%
	DD	D	0.04%	0.08%	0.04%
	DE	A	0.14%	0.22%	0.14%
	DFS	B	0.04%	0.1%	0.04%
	DG	F	0.02%	0.04%	0.02%
	DGX	A	0.02%	0.04%	0.02%
	DHI	D	0.05%	0.1%	0.05%
	DHR	F	0.16%	0.32%	0.16%
	DIS	B	0.23%	0.45%	0.23%
	DLR	B	0.06%	0.12%	0.06%
	DLTR	F	0.01%	0.04%	0.01%
	DOC	D	0.01%	0.03%	0.01%
	DOV	A	0.02%	0.06%	0.02%
	DOW	F	0.03%	0.07%	0.03%
	DRI	B	0.02%	0.04%	0.02%
	DTE	C	0.03%	0.05%	0.03%
	DUK	C	0.1%	0.18%	0.1%
	DVA	B	0.02%	0.02%	0.02%
	DVN	F	0.03%	0.06%	0.03%
	EA	A	0.04%	0.09%	0.04%
	EBAY	D	0.03%	0.06%	0.03%
	ECL	D	0.08%	0.13%	0.08%
	ED	D	0.03%	0.07%	0.03%
	EFX	F	0.03%	0.07%	0.03%
	EIX	B	0.04%	0.07%	0.04%
	ELV	F	0.09%	0.2%	0.09%
	EMN	D	0.01%	0.03%	0.01%
	EMR	A	0.09%	0.16%	0.09%
	EOG	A	0.09%	0.18%	0.09%
	EPAM	C	0.03%	0.03%	0.03%
	EQR	B	0.03%	0.05%	0.03%
	EQT	B	0.02%	0.06%	0.02%
	ES	D	0.02%	0.05%	0.02%
	ESS	B	0.03%	0.04%	0.03%
	ETN	A	0.16%	0.32%	0.16%
	ETR	B	0.03%	0.07%	0.03%
	EVRG	A	0.01%	0.03%	0.01%
	EW	C	0.05%	0.09%	0.05%
	EXC	C	0.04%	0.08%	0.04%
	EXPD	D	0.01%	0.04%	0.01%
	EXPE	B	0.02%	0.05%	0.02%
	EXR	D	0.04%	0.07%	0.04%
	F	C	0.05%	0.1%	0.05%
	FANG	D	0.04%	0.08%	0.04%
	FAST	B	0.06%	0.1%	0.06%
	FCX	D	0.07%	0.14%	0.07%
	FDX	B	0.07%	0.14%	0.07%
	FE	C	0.02%	0.05%	0.02%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.14%	0.28%	0.14%
	FIS	C	0.06%	0.1%	0.06%
	FITB	A	0.04%	0.07%	0.04%
	FMC	D	0.01%	0.02%	0.01%
	FOXA	B	0.01%	0.04%	0.01%
	FRT	B	0.01%	0.02%	0.01%
	FSLR	F	0.02%	0.04%	0.02%
	FTNT	C	0.06%	0.12%	0.06%
	FTV	C	0.03%	0.06%	0.03%
	GD	F	0.06%	0.13%	0.06%
	GE	D	0.22%	0.43%	0.22%
	GEHC	F	0.04%	0.07%	0.04%
	GEN	B	0.02%	0.03%	0.02%
	GEV	B	0.08%	0.19%	0.08%
	GILD	C	0.12%	0.23%	0.12%
	GIS	D	0.04%	0.08%	0.04%
	GL	B	0.01%	0.02%	0.01%
	GLW	B	0.04%	0.08%	0.04%
	GM	B	0.09%	0.15%	0.09%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	C	0.97%	4.37%	0.97%
	GPC	D	0.01%	0.04%	0.01%
	GPN	B	0.04%	0.06%	0.04%
	GRMN	B	0.05%	0.07%	0.05%
	GS	A	0.2%	0.43%	0.2%
	HAL	C	0.03%	0.06%	0.03%
	HBAN	A	0.03%	0.06%	0.03%
	HCA	F	0.08%	0.14%	0.08%
	HD	A	0.46%	0.84%	0.46%
	HES	B	0.05%	0.09%	0.05%
	HIG	B	0.04%	0.08%	0.04%
	HOLX	D	0.02%	0.04%	0.02%
	HON	B	0.18%	0.32%	0.18%
	HPE	B	0.03%	0.07%	0.03%
	HPQ	B	0.04%	0.07%	0.04%
	HRL	D	0.01%	0.02%	0.01%
	HSIC	B	0.01%	0.02%	0.01%
	HST	C	0.01%	0.03%	0.01%
	HSY	F	0.02%	0.05%	0.02%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	C	0.03%	0.08%	0.03%
	HWM	A	0.05%	0.1%	0.05%
	IBM	C	0.21%	0.4%	0.21%
	ICE	C	0.11%	0.19%	0.11%
	IDXX	F	0.05%	0.07%	0.05%
	IEX	B	0.03%	0.04%	0.03%
	IFF	D	0.03%	0.05%	0.03%
	INCY	C	0.02%	0.02%	0.02%
	INTC	D	0.12%	0.24%	0.12%
	INTU	C	0.23%	0.38%	0.23%
	INVH	D	0.02%	0.04%	0.02%
	IP	B	0.02%	0.04%	0.02%
	IPG	D	0.01%	0.02%	0.01%
	IQV	D	0.04%	0.08%	0.04%
	IR	B	0.05%	0.09%	0.05%
	ISRG	A	0.18%	0.41%	0.18%
	IT	C	0.06%	0.08%	0.06%
	ITW	B	0.09%	0.16%	0.09%
	IVZ	B	0.01%	0.02%	0.01%
	J	F	0.02%	0.04%	0.02%
	JBHT	C	0.02%	0.03%	0.02%
	JBL	B	0.01%	0.04%	0.01%
	JCI	C	0.07%	0.12%	0.07%
	JKHY	D	0.02%	0.03%	0.02%
	JNJ	D	0.42%	0.79%	0.42%
	JNPR	F	0.01%	0.02%	0.01%
	JPM	A	0.8%	1.59%	0.8%
	K	A	0.03%	0.05%	0.03%
	KDP	D	0.04%	0.07%	0.04%
	KEY	B	0.02%	0.04%	0.02%
	KEYS	A	0.03%	0.06%	0.03%
	KHC	F	0.03%	0.05%	0.03%
	KIM	A	0.02%	0.04%	0.02%
	KLAC	D	0.07%	0.19%	0.07%
	KMB	D	0.05%	0.1%	0.05%
	KMI	A	0.06%	0.12%	0.06%
	KMX	B	0.02%	0.03%	0.02%
	KO	D	0.26%	0.53%	0.26%
	KR	B	0.05%	0.08%	0.05%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.02%	0.03%	0.02%
	LDOS	C	0.02%	0.05%	0.02%
	LEN	D	0.04%	0.09%	0.04%
	LH	C	0.03%	0.05%	0.03%
	LHX	C	0.05%	0.1%	0.05%
	LIN	D	0.25%	0.47%	0.25%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	F	0.59%	1.33%	0.59%
	LMT	D	0.12%	0.24%	0.12%
	LNT	A	0.02%	0.03%	0.02%
	LRCX	F	0.08%	0.21%	0.08%
	LULU	C	0.03%	0.08%	0.03%
	LUV	C	0.02%	0.04%	0.02%
	LW	C	0.01%	0.02%	0.01%
	LYB	F	0.03%	0.05%	0.03%
	MA	C	0.47%	0.88%	0.47%
	MAA	B	0.02%	0.04%	0.02%
	MAS	D	0.02%	0.04%	0.02%
	MCHP	D	0.04%	0.08%	0.04%
	MCK	B	0.07%	0.19%	0.07%
	MCO	B	0.11%	0.16%	0.11%
	MDLZ	F	0.09%	0.18%	0.09%
	MDT	D	0.13%	0.23%	0.13%
	MET	A	0.06%	0.11%	0.06%
	META	D	1.35%	2.68%	1.35%
	MGM	D	0.01%	0.02%	0.01%
	MHK	D	0.02%	0.02%	0.02%
	MKC	D	0.02%	0.04%	0.02%
	MLM	B	0.07%	0.08%	0.07%
	MMC	B	0.13%	0.23%	0.13%
	MMM	D	0.07%	0.15%	0.07%
	MNST	C	0.04%	0.08%	0.04%
	MO	A	0.11%	0.21%	0.11%
	MOH	F	0.03%	0.04%	0.03%
	MOS	F	0.01%	0.02%	0.01%
	MPC	D	0.07%	0.13%	0.07%
	MRK	F	0.27%	0.54%	0.27%
	MRNA	F	0.01%	0.03%	0.01%
	MRO	B	0.02%	0.04%	0.02%
	MS	A	0.18%	0.37%	0.18%
	MSFT	F	3.4%	6.46%	3.4%
	MSI	B	0.11%	0.18%	0.11%
	MTB	A	0.05%	0.08%	0.05%
	MU	D	0.12%	0.24%	0.12%
	NCLH	B	0.01%	0.02%	0.01%
	NDAQ	A	0.03%	0.07%	0.03%
	NEE	D	0.17%	0.32%	0.17%
	NFLX	A	0.38%	0.83%	0.38%
	NI	A	0.02%	0.04%	0.02%
	NKE	D	0.1%	0.2%	0.1%
	NOC	D	0.05%	0.15%	0.05%
	NOW	A	0.23%	0.43%	0.23%
	NRG	B	0.02%	0.04%	0.02%
	NSC	B	0.06%	0.13%	0.06%
	NTAP	C	0.03%	0.06%	0.03%
	NTRS	A	0.02%	0.05%	0.02%
	NUE	C	0.03%	0.08%	0.03%
	NVDA	C	3.81%	7.77%	3.81%
	NWSA	B	0.01%	0.03%	0.01%
	NXPI	D	0.07%	0.13%	0.07%
	O	D	0.04%	0.1%	0.04%
	ODFL	B	0.05%	0.08%	0.05%
	OKE	A	0.08%	0.14%	0.08%
	OMC	C	0.02%	0.04%	0.02%
	ON	D	0.03%	0.07%	0.03%
	OXY	D	0.04%	0.08%	0.04%
	PANW	C	0.13%	0.29%	0.13%
	PARA	C	0.01%	0.01%	0.01%
	PAYX	C	0.05%	0.1%	0.05%
	PCAR	B	0.06%	0.12%	0.06%
	PCG	A	0.05%	0.1%	0.05%
	PEG	A	0.05%	0.09%	0.05%
	PEP	F	0.25%	0.45%	0.25%
	PFG	D	0.02%	0.04%	0.02%
	PG	A	0.44%	0.84%	0.44%
	PGR	A	0.17%	0.32%	0.17%
	PH	A	0.08%	0.19%	0.08%
	PHM	D	0.03%	0.06%	0.03%
	PKG	A	0.03%	0.05%	0.03%
	PLD	D	0.12%	0.22%	0.12%
	PM	B	0.22%	0.42%	0.22%
	PNC	B	0.09%	0.18%	0.09%
	PNR	A	0.02%	0.04%	0.02%
	PNW	B	0.01%	0.02%	0.01%
	PPG	F	0.03%	0.06%	0.03%
	PPL	B	0.03%	0.05%	0.03%
	PRU	A	0.06%	0.1%	0.06%
	PSA	D	0.08%	0.11%	0.08%
	PSX	C	0.06%	0.13%	0.06%
	PTC	A	0.02%	0.05%	0.02%
	PWR	A	0.04%	0.11%	0.04%
	PYPL	B	0.1%	0.2%	0.1%
	QCOM	F	0.2%	0.38%	0.2%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.05%	0.12%	0.05%
	REG	B	0.02%	0.03%	0.02%
	REGN	F	0.09%	0.17%	0.09%
	RF	A	0.03%	0.05%	0.03%
	RJF	A	0.04%	0.07%	0.04%
	RMD	C	0.03%	0.07%	0.03%
	ROK	B	0.03%	0.07%	0.03%
	ROL	B	0.02%	0.03%	0.02%
	ROP	B	0.06%	0.13%	0.06%
	ROST	C	0.05%	0.1%	0.05%
	RSG	A	0.05%	0.09%	0.05%
	RTX	C	0.19%	0.35%	0.19%
	RVTY	F	0.01%	0.03%	0.01%
	SCHW	B	0.14%	0.26%	0.14%
	SHW	A	0.08%	0.18%	0.08%
	SLB	C	0.07%	0.15%	0.07%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	B	0.12%	0.19%	0.12%
	SO	D	0.11%	0.2%	0.11%
	SOLV	C	0.01%	0.02%	0.01%
	SPG	B	0.06%	0.13%	0.06%
	SPGI	C	0.17%	0.34%	0.17%
	SRE	A	0.06%	0.13%	0.06%
	STE	F	0.02%	0.04%	0.02%
	STLD	B	0.03%	0.05%	0.03%
	STT	A	0.03%	0.06%	0.03%
	STZ	D	0.05%	0.08%	0.05%
	SW	A	0.02%	0.07%	0.02%
	SWK	D	0.02%	0.03%	0.02%
	SWKS	F	0.02%	0.03%	0.02%
	SYF	B	0.03%	0.06%	0.03%
	SYK	C	0.13%	0.27%	0.13%
	SYY	B	0.04%	0.08%	0.04%
	T	A	0.18%	0.32%	0.18%
	TAP	C	0.01%	0.02%	0.01%
	TER	D	0.02%	0.03%	0.02%
	TFC	A	0.07%	0.14%	0.07%
	TGT	F	0.09%	0.12%	0.09%
	TJX	A	0.15%	0.29%	0.15%
	TMO	F	0.23%	0.41%	0.23%
	TMUS	B	0.13%	0.26%	0.13%
	TPR	B	0.01%	0.03%	0.01%
	TRGP	B	0.04%	0.1%	0.04%
	TROW	B	0.03%	0.06%	0.03%
	TRV	B	0.06%	0.12%	0.06%
	TSCO	D	0.03%	0.06%	0.03%
	TSN	B	0.02%	0.04%	0.02%
	TT	A	0.09%	0.2%	0.09%
	TTWO	A	0.04%	0.07%	0.04%
	TXN	C	0.21%	0.41%	0.21%
	TXT	D	0.02%	0.03%	0.02%
	UAL	A	0.03%	0.06%	0.03%
	UBER	D	0.16%	0.32%	0.16%
	UDR	B	0.02%	0.03%	0.02%
	UHS	D	0.02%	0.03%	0.02%
	UNH	C	0.6%	1.17%	0.6%
	UNP	C	0.16%	0.31%	0.16%
	UPS	C	0.11%	0.2%	0.11%
	URI	B	0.09%	0.12%	0.09%
	USB	A	0.09%	0.18%	0.09%
	V	A	0.56%	1.0%	0.56%
	VICI	C	0.04%	0.07%	0.04%
	VLO	C	0.05%	0.11%	0.05%
	VLTO	D	0.02%	0.05%	0.02%
	VMC	B	0.03%	0.08%	0.03%
	VRSK	A	0.03%	0.09%	0.03%
	VRTX	F	0.16%	0.26%	0.16%
	VTR	C	0.03%	0.05%	0.03%
	VTRS	A	0.02%	0.04%	0.02%
	VZ	C	0.2%	0.36%	0.2%
	WAB	B	0.04%	0.08%	0.04%
	WAT	B	0.04%	0.05%	0.04%
	WBA	F	0.01%	0.01%	0.01%
	WBD	C	0.02%	0.05%	0.02%
	WDC	D	0.02%	0.05%	0.02%
	WEC	A	0.03%	0.06%	0.03%
	WELL	A	0.08%	0.16%	0.08%
	WFC	A	0.3%	0.59%	0.3%
	WM	A	0.1%	0.17%	0.1%
	WMB	A	0.08%	0.16%	0.08%
	WMT	A	0.4%	0.77%	0.4%
	WRB	A	0.02%	0.04%	0.02%
	WST	C	0.03%	0.05%	0.03%
	WTW	B	0.04%	0.07%	0.04%
	WY	D	0.02%	0.05%	0.02%
	XEL	A	0.04%	0.08%	0.04%
	XOM	B	0.6%	1.23%	0.6%
	XYL	D	0.03%	0.07%	0.03%
	ZBH	C	0.03%	0.05%	0.03%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.1%	0.16%	0.1%

ZZZ Overweight 56 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	C	1.13%
	TSLA	B	0.92%
	ORCL	B	0.33%
	MCD	D	0.23%
	LOW	D	0.18%
	PFE	D	0.16%
	AMGN	D	0.16%
	ORLY	B	0.14%
	TDG	D	0.14%
	BMY	B	0.13%
	SBUX	A	0.12%
	AMT	D	0.11%
	BA	F	0.1%
	EQIX	A	0.1%
	HLT	A	0.08%
	MSCI	C	0.07%
	APD	A	0.07%
	MAR	B	0.06%
	YUM	B	0.05%
	OTIS	C	0.05%
	CCI	D	0.05%
	NEM	D	0.05%
	IRM	D	0.04%
	NDSN	B	0.03%
	PODD	C	0.03%
	ILMN	D	0.03%
	DXCM	D	0.03%
	TECH	D	0.02%
	TRMB	B	0.02%
	BIIB	F	0.02%
	CLX	B	0.02%
	VRSN	F	0.02%
	STX	D	0.02%
	LVS	C	0.02%
	SBAC	D	0.02%
	ETSY	D	0.01%
	VFC	C	0.01%
	ZION	B	0.01%
	HAS	D	0.01%
	ENPH	F	0.01%
	BBWI	D	0.01%
	CMA	A	0.01%
	RHI	B	0.01%
	AAL	B	0.01%
	WYNN	D	0.01%
	MTCH	D	0.01%
	AES	F	0.01%
	ALB	C	0.01%
	SJM	D	0.01%
	WHR	B	0.01%
	CTLT	B	0.01%
	EL	F	0.01%
	LYV	A	0.01%
	NWS	B	0.0%
	XRAY	F	0.0%
	FOX	A	0.0%

ZZZ Underweight 23 Positions Relative to QVML

	Symbol	Grade	Weight
	BKNG	A	-0.37%
	KKR	A	-0.22%
	CRWD	B	-0.19%
	CMG	B	-0.17%
	GWW	B	-0.11%
	AZO	C	-0.11%
	VST	B	-0.11%
	TYL	B	-0.06%
	MPWR	F	-0.06%
	DECK	A	-0.06%
	NVR	D	-0.06%
	GDDY	A	-0.06%
	TDY	B	-0.05%
	EG	C	-0.04%
	FDS	B	-0.04%
	SMCI	F	-0.03%
	POOL	C	-0.03%
	ULTA	F	-0.03%
	RL	B	-0.02%
	HII	D	-0.02%
	TFX	F	-0.02%
	MKTX	D	-0.02%
	PAYC	B	-0.02%

ZZZ: Top Represented Industries & Keywords

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

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

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Business Services Asset Management Diagnostics & Research Oil & Gas E&P Banks - Regional - US Capital Markets Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

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