DEUS vs. QVMM ETF Comparison

Comparison of Deutsche X-trackers Russell 1000 Enhanced Beta ETF (DEUS) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

DEUS

Deutsche X-trackers Russell 1000 Enhanced Beta ETF

DEUS Description

The investment seeks investment results that correspond generally to the performance of the Russell 1000 Comprehensive Factor Index. The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance of the underlying index, which is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of value, momentum, quality, low volatility and size. It will normally invest at least 80% of its net assets in equity securities of issuers from the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.46

Average Daily Volume

6,372

Number of Holdings ^*

836

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund 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 MidCap 400 ® 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

$30.95

Average Daily Volume

1,061

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	DEUS	QVMM
30 Days	5.28%	7.21%
60 Days	5.59%	7.30%
90 Days	7.47%	8.34%
12 Months	30.24%	33.49%

237 Overlapping Holdings

	Symbol	Grade	Weight in DEUS	Weight in QVMM	Overlap
	AAON	B	0.15%	0.33%	0.15%
	ACHC	F	0.01%	0.14%	0.01%
	ACM	B	0.09%	0.54%	0.09%
	ADC	B	0.01%	0.26%	0.01%
	AFG	A	0.1%	0.33%	0.1%
	AGCO	D	0.03%	0.2%	0.03%
	ALLY	C	0.02%	0.46%	0.02%
	AM	A	0.02%	0.19%	0.02%
	AMG	B	0.21%	0.22%	0.21%
	AMH	D	0.04%	0.42%	0.04%
	AMKR	D	0.05%	0.1%	0.05%
	AN	C	0.02%	0.16%	0.02%
	APPF	B	0.01%	0.18%	0.01%
	ARMK	B	0.09%	0.34%	0.09%
	ARW	D	0.03%	0.23%	0.03%
	ASH	D	0.02%	0.15%	0.02%
	ATR	B	0.15%	0.42%	0.15%
	AVT	C	0.0%	0.18%	0.0%
	AVTR	F	0.05%	0.49%	0.05%
	AXTA	A	0.04%	0.33%	0.04%
	AYI	B	0.24%	0.36%	0.24%
	AZTA	D	0.0%	0.09%	0.0%
	BC	C	0.03%	0.2%	0.03%
	BERY	B	0.04%	0.28%	0.04%
	BJ	A	0.41%	0.42%	0.41%
	BLD	D	0.09%	0.44%	0.09%
	BMRN	D	0.01%	0.47%	0.01%
	BRBR	A	0.21%	0.32%	0.21%
	BRKR	D	0.03%	0.2%	0.03%
	BRX	A	0.03%	0.3%	0.03%
	BURL	A	0.07%	0.61%	0.07%
	BWXT	B	0.12%	0.44%	0.12%
	CACI	D	0.28%	0.4%	0.28%
	CASY	A	0.54%	0.52%	0.52%
	CBSH	A	0.05%	0.31%	0.05%
	CCK	C	0.07%	0.38%	0.07%
	CFR	B	0.02%	0.33%	0.02%
	CGNX	C	0.01%	0.26%	0.01%
	CHDN	B	0.02%	0.33%	0.02%
	CHE	D	0.09%	0.31%	0.09%
	CIEN	B	0.1%	0.38%	0.1%
	CIVI	D	0.01%	0.19%	0.01%
	CLF	F	0.01%	0.22%	0.01%
	CLH	B	0.11%	0.46%	0.11%
	CNM	D	0.25%	0.31%	0.25%
	COKE	C	0.23%	0.21%	0.21%
	COLB	A	0.03%	0.24%	0.03%
	COLM	B	0.1%	0.1%	0.1%
	CR	A	0.15%	0.32%	0.15%
	CRI	D	0.05%	0.07%	0.05%
	CROX	D	0.01%	0.24%	0.01%
	CRUS	D	0.17%	0.2%	0.17%
	CSL	C	0.23%	0.8%	0.23%
	CUBE	D	0.1%	0.37%	0.1%
	CUZ	B	0.01%	0.16%	0.01%
	CW	B	0.19%	0.51%	0.19%
	CXT	B	0.03%	0.1%	0.03%
	DCI	B	0.15%	0.34%	0.15%
	DINO	D	0.09%	0.25%	0.09%
	DKS	C	0.15%	0.47%	0.15%
	DLB	B	0.1%	0.16%	0.1%
	DTM	B	0.19%	0.36%	0.19%
	EEFT	B	0.05%	0.17%	0.05%
	EGP	F	0.03%	0.29%	0.03%
	EHC	B	0.19%	0.36%	0.19%
	EME	C	0.46%	0.84%	0.46%
	EQH	B	0.05%	0.56%	0.05%
	ESAB	B	0.08%	0.27%	0.08%
	EVR	B	0.25%	0.39%	0.25%
	EWBC	A	0.11%	0.55%	0.11%
	EXEL	B	0.19%	0.35%	0.19%
	EXP	A	0.25%	0.38%	0.25%
	FAF	A	0.02%	0.23%	0.02%
	FBIN	D	0.05%	0.33%	0.05%
	FCN	D	0.04%	0.25%	0.04%
	FHN	A	0.05%	0.42%	0.05%
	FIX	A	0.24%	0.59%	0.24%
	FLO	D	0.08%	0.15%	0.08%
	FLS	B	0.1%	0.3%	0.1%
	FNB	A	0.03%	0.23%	0.03%
	FND	C	0.08%	0.41%	0.08%
	FNF	B	0.11%	0.57%	0.11%
	FR	D	0.03%	0.25%	0.03%
	FYBR	D	0.17%	0.22%	0.17%
	G	B	0.04%	0.27%	0.04%
	GAP	B	0.03%	0.19%	0.03%
	GGG	B	0.08%	0.54%	0.08%
	GLPI	C	0.03%	0.47%	0.03%
	GNTX	C	0.25%	0.26%	0.25%
	GPK	C	0.08%	0.32%	0.08%
	GXO	B	0.01%	0.26%	0.01%
	H	B	0.03%	0.26%	0.03%
	HLI	B	0.3%	0.35%	0.3%
	HOG	D	0.06%	0.15%	0.06%
	HRB	D	0.3%	0.29%	0.29%
	HXL	D	0.03%	0.18%	0.03%
	IBKR	A	0.14%	0.71%	0.14%
	IDA	A	0.04%	0.2%	0.04%
	INGR	B	0.33%	0.34%	0.33%
	IPGP	D	0.02%	0.08%	0.02%
	ITT	A	0.25%	0.47%	0.25%
	JAZZ	B	0.07%	0.3%	0.07%
	JEF	A	0.01%	0.47%	0.01%
	JHG	A	0.17%	0.22%	0.17%
	JLL	D	0.08%	0.44%	0.08%
	KBR	F	0.03%	0.32%	0.03%
	KD	B	0.02%	0.24%	0.02%
	KEX	C	0.11%	0.28%	0.11%
	KNSL	B	0.3%	0.4%	0.3%
	KNX	B	0.02%	0.33%	0.02%
	KRC	C	0.03%	0.15%	0.03%
	LAMR	D	0.16%	0.4%	0.16%
	LEA	D	0.06%	0.22%	0.06%
	LECO	B	0.16%	0.46%	0.16%
	LFUS	F	0.02%	0.24%	0.02%
	LII	A	0.2%	0.73%	0.2%
	LOPE	B	0.17%	0.18%	0.17%
	LPX	B	0.01%	0.26%	0.01%
	LSCC	D	0.06%	0.26%	0.06%
	LSTR	D	0.06%	0.24%	0.06%
	M	D	0.01%	0.16%	0.01%
	MAN	D	0.04%	0.11%	0.04%
	MANH	D	0.18%	0.6%	0.18%
	MASI	A	0.02%	0.26%	0.02%
	MAT	D	0.09%	0.24%	0.09%
	MEDP	D	0.08%	0.29%	0.08%
	MIDD	C	0.01%	0.28%	0.01%
	MORN	B	0.04%	0.32%	0.04%
	MSA	D	0.02%	0.24%	0.02%
	MSM	C	0.06%	0.15%	0.06%
	MTG	C	0.24%	0.24%	0.24%
	MTSI	B	0.05%	0.26%	0.05%
	MTZ	B	0.05%	0.31%	0.05%
	MUSA	A	0.28%	0.35%	0.28%
	NBIX	C	0.12%	0.46%	0.12%
	NEU	C	0.13%	0.14%	0.13%
	NFG	A	0.18%	0.19%	0.18%
	NNN	D	0.05%	0.26%	0.05%
	NOV	C	0.01%	0.25%	0.01%
	NSA	D	0.03%	0.1%	0.03%
	NVT	B	0.07%	0.46%	0.07%
	NXST	C	0.1%	0.19%	0.1%
	NYT	C	0.16%	0.33%	0.16%
	OC	A	0.37%	0.63%	0.37%
	OGE	B	0.14%	0.29%	0.14%
	OHI	C	0.01%	0.34%	0.01%
	OLED	D	0.06%	0.24%	0.06%
	OLLI	D	0.07%	0.18%	0.07%
	OLN	D	0.03%	0.19%	0.03%
	ONTO	D	0.06%	0.31%	0.06%
	ORI	A	0.17%	0.35%	0.17%
	OSK	B	0.19%	0.28%	0.19%
	OZK	B	0.07%	0.19%	0.07%
	PAG	B	0.01%	0.13%	0.01%
	PB	A	0.02%	0.28%	0.02%
	PCTY	B	0.02%	0.32%	0.02%
	PII	D	0.01%	0.14%	0.01%
	PNFP	B	0.06%	0.37%	0.06%
	POST	C	0.12%	0.19%	0.12%
	PPC	C	0.05%	0.08%	0.05%
	PRGO	B	0.04%	0.14%	0.04%
	PRI	A	0.17%	0.38%	0.17%
	PSTG	D	0.05%	0.58%	0.05%
	PVH	C	0.07%	0.22%	0.07%
	R	B	0.15%	0.28%	0.15%
	RBC	A	0.04%	0.33%	0.04%
	REXR	F	0.01%	0.32%	0.01%
	RGA	A	0.12%	0.56%	0.12%
	RGEN	D	0.01%	0.27%	0.01%
	RGLD	C	0.1%	0.33%	0.1%
	RLI	B	0.14%	0.25%	0.14%
	RNR	C	0.49%	0.48%	0.48%
	RPM	A	0.17%	0.61%	0.17%
	RRX	B	0.02%	0.46%	0.02%
	RS	B	0.35%	0.66%	0.35%
	RYAN	B	0.02%	0.26%	0.02%
	RYN	D	0.02%	0.14%	0.02%
	SAIA	B	0.1%	0.45%	0.1%
	SAIC	F	0.22%	0.22%	0.22%
	SAM	C	0.02%	0.1%	0.02%
	SCI	B	0.09%	0.43%	0.09%
	SEIC	B	0.19%	0.29%	0.19%
	SF	B	0.07%	0.44%	0.07%
	SKX	D	0.24%	0.3%	0.24%
	SLGN	A	0.04%	0.16%	0.04%
	SLM	A	0.03%	0.2%	0.03%
	SNV	B	0.04%	0.31%	0.04%
	SNX	C	0.18%	0.35%	0.18%
	SON	D	0.05%	0.18%	0.05%
	SSD	D	0.18%	0.29%	0.18%
	ST	F	0.01%	0.19%	0.01%
	STAG	F	0.02%	0.24%	0.02%
	STWD	C	0.02%	0.22%	0.02%
	THC	D	0.02%	0.59%	0.02%
	THG	A	0.02%	0.21%	0.02%
	THO	B	0.05%	0.23%	0.05%
	TKR	D	0.04%	0.18%	0.04%
	TNL	A	0.03%	0.14%	0.03%
	TOL	B	0.24%	0.59%	0.24%
	TPL	A	0.1%	0.99%	0.1%
	TPX	B	0.01%	0.36%	0.01%
	TREX	C	0.05%	0.27%	0.05%
	TTC	D	0.03%	0.34%	0.03%
	TTEK	F	0.07%	0.39%	0.07%
	TXRH	C	0.23%	0.49%	0.23%
	UAA	C	0.01%	0.15%	0.01%
	UGI	A	0.01%	0.18%	0.01%
	UNM	A	0.12%	0.47%	0.12%
	USFD	A	0.07%	0.54%	0.07%
	UTHR	C	0.4%	0.64%	0.4%
	VMI	B	0.03%	0.26%	0.03%
	VNO	B	0.02%	0.23%	0.02%
	VNT	B	0.07%	0.24%	0.07%
	VOYA	B	0.03%	0.27%	0.03%
	VVV	F	0.14%	0.21%	0.14%
	WBS	A	0.05%	0.39%	0.05%
	WCC	B	0.03%	0.34%	0.03%
	WEX	D	0.04%	0.26%	0.04%
	WFRD	D	0.04%	0.25%	0.04%
	WH	B	0.02%	0.28%	0.02%
	WHR	B	0.02%	0.23%	0.02%
	WING	D	0.03%	0.34%	0.03%
	WLK	D	0.04%	0.15%	0.04%
	WMS	D	0.05%	0.34%	0.05%
	WPC	D	0.05%	0.41%	0.05%
	WSM	B	0.21%	0.59%	0.21%
	WSO	A	0.19%	0.61%	0.19%
	WTFC	A	0.04%	0.32%	0.04%
	WTRG	B	0.05%	0.34%	0.05%
	WU	D	0.13%	0.13%	0.13%
	WWD	B	0.07%	0.37%	0.07%
	X	C	0.01%	0.32%	0.01%
	XPO	B	0.02%	0.68%	0.02%
	XRAY	F	0.01%	0.13%	0.01%
	YETI	C	0.02%	0.12%	0.02%
	ZI	D	0.01%	0.11%	0.01%
	ZION	B	0.05%	0.34%	0.05%

DEUS Overweight 599 Positions Relative to QVMM

	Symbol	Grade	Weight
	MCK	B	1.17%
	ACGL	D	0.94%
	CAH	B	0.93%
	VST	B	0.8%
	COR	B	0.64%
	GDDY	A	0.64%
	LDOS	C	0.64%
	PHM	D	0.61%
	KR	B	0.55%
	CTSH	B	0.55%
	MO	A	0.54%
	JBL	B	0.54%
	CMI	A	0.53%
	CBOE	B	0.52%
	CINF	A	0.52%
	DHI	D	0.5%
	CNC	D	0.49%
	NTAP	C	0.49%
	LEN	D	0.48%
	EG	C	0.47%
	FFIV	B	0.47%
	ADM	D	0.46%
	ETR	B	0.45%
	NVR	D	0.45%
	PCAR	B	0.45%
	FTNT	C	0.44%
	MKL	A	0.43%
	GRMN	B	0.43%
	HUM	C	0.42%
	PEG	A	0.4%
	TSCO	D	0.39%
	EBAY	D	0.38%
	ALSN	B	0.37%
	HIG	B	0.37%
	NUE	C	0.35%
	SNA	A	0.35%
	CI	F	0.34%
	SOLV	C	0.34%
	PGR	A	0.34%
	IP	B	0.33%
	STLD	B	0.33%
	APH	A	0.33%
	IT	C	0.33%
	GWW	B	0.33%
	MSI	B	0.33%
	AZO	C	0.32%
	NRG	B	0.32%
	IBM	C	0.31%
	SWKS	F	0.31%
	MOH	F	0.31%
	CB	C	0.31%
	FAST	B	0.31%
	WRB	A	0.31%
	BR	A	0.3%
	TJX	A	0.3%
	ATO	A	0.3%
	TSN	B	0.3%
	SYF	B	0.3%
	BKNG	A	0.3%
	ORLY	B	0.29%
	PKG	A	0.28%
	EXPE	B	0.28%
	LPLA	A	0.28%
	FCNCA	A	0.28%
	RL	B	0.28%
	DAL	C	0.28%
	CL	D	0.28%
	TRV	B	0.27%
	T	A	0.27%
	DVA	B	0.27%
	GM	B	0.27%
	KLAC	D	0.27%
	HPE	B	0.26%
	AFL	B	0.26%
	MAS	D	0.26%
	GEN	B	0.26%
	INTU	C	0.25%
	BRO	B	0.25%
	CVS	D	0.24%
	BBY	D	0.24%
	OMC	C	0.24%
	SNPS	B	0.24%
	SRE	A	0.24%
	DBX	B	0.24%
	WMB	A	0.24%
	A	D	0.24%
	GEHC	F	0.24%
	FDS	B	0.23%
	MMC	B	0.23%
	J	F	0.23%
	VZ	C	0.23%
	CBRE	B	0.23%
	TT	A	0.23%
	ELV	F	0.23%
	CPAY	A	0.22%
	LRCX	F	0.22%
	GL	B	0.22%
	ROST	C	0.22%
	WM	A	0.22%
	CDNS	B	0.21%
	VTRS	A	0.21%
	GD	F	0.21%
	HLT	A	0.21%
	SYY	B	0.21%
	AEP	D	0.21%
	RSG	A	0.21%
	CHTR	C	0.21%
	FDX	B	0.21%
	CAT	B	0.2%
	NOW	A	0.2%
	NI	A	0.2%
	KMB	D	0.2%
	CTRA	B	0.2%
	PAYX	C	0.2%
	PAYC	B	0.2%
	EIX	B	0.2%
	DUK	C	0.2%
	EA	A	0.2%
	CHD	B	0.2%
	UHS	D	0.2%
	URI	B	0.2%
	LH	C	0.2%
	MSFT	F	0.19%
	PPL	B	0.19%
	EOG	A	0.19%
	AMAT	F	0.19%
	PSA	D	0.19%
	AKAM	D	0.19%
	XEL	A	0.18%
	K	A	0.18%
	PWR	A	0.18%
	ADSK	A	0.18%
	TROW	B	0.18%
	EMN	D	0.18%
	LUV	C	0.18%
	CE	F	0.18%
	GPC	D	0.18%
	VLO	C	0.18%
	L	A	0.18%
	ODFL	B	0.18%
	COF	B	0.18%
	AOS	F	0.18%
	BG	F	0.18%
	IWB	A	0.18%
	KEYS	A	0.18%
	ED	D	0.18%
	MCO	B	0.18%
	MPC	D	0.17%
	SHW	A	0.17%
	DPZ	C	0.17%
	CMS	C	0.17%
	HII	D	0.17%
	DOX	D	0.17%
	D	C	0.17%
	DELL	C	0.17%
	TW	A	0.17%
	BKR	B	0.17%
	TXT	D	0.17%
	CNP	B	0.17%
	HPQ	A	0.17%
	WAB	B	0.17%
	CRM	B	0.17%
	ANET	C	0.16%
	DGX	A	0.16%
	CARR	D	0.16%
	CF	B	0.16%
	PSN	D	0.16%
	GILD	C	0.16%
	IR	B	0.16%
	TGT	F	0.16%
	PNR	A	0.16%
	MAR	B	0.15%
	PYPL	B	0.15%
	FI	A	0.15%
	PM	B	0.15%
	MLM	B	0.15%
	BK	A	0.15%
	CMG	B	0.15%
	CMCSA	B	0.15%
	CDW	F	0.15%
	ADI	D	0.15%
	MTB	A	0.15%
	HST	C	0.15%
	QCOM	F	0.15%
	ROL	B	0.15%
	BAH	F	0.15%
	SO	D	0.15%
	ADBE	C	0.15%
	REGN	F	0.15%
	FICO	B	0.15%
	GEV	B	0.15%
	JCI	C	0.14%
	APO	B	0.14%
	ROK	B	0.14%
	MSCI	C	0.14%
	TPR	B	0.14%
	EXC	C	0.14%
	AVY	D	0.14%
	AIZ	A	0.14%
	AGO	B	0.14%
	DOV	A	0.14%
	CSCO	B	0.14%
	AWI	A	0.14%
	CPRT	A	0.14%
	VRTX	F	0.14%
	CTAS	B	0.14%
	COST	B	0.14%
	OTIS	C	0.13%
	BWA	D	0.13%
	FOXA	B	0.13%
	AMP	A	0.13%
	WST	C	0.13%
	WEC	A	0.13%
	WDAY	B	0.13%
	DLTR	F	0.13%
	KMI	A	0.13%
	POOL	C	0.13%
	LOW	D	0.13%
	ROP	B	0.12%
	APD	A	0.12%
	TYL	C	0.12%
	FE	C	0.12%
	PANW	C	0.12%
	EPAM	C	0.12%
	EVRG	A	0.12%
	ECL	D	0.12%
	PSX	C	0.12%
	PNC	B	0.12%
	VMC	B	0.12%
	DECK	A	0.12%
	SPG	B	0.12%
	NWSA	B	0.12%
	ADP	B	0.11%
	HUBB	B	0.11%
	DTE	C	0.11%
	NDAQ	A	0.11%
	DD	D	0.11%
	HWM	A	0.11%
	LMT	D	0.11%
	AON	A	0.11%
	ITW	B	0.11%
	VRSK	A	0.11%
	TER	D	0.11%
	MPWR	F	0.11%
	EXPD	D	0.11%
	BLK	C	0.11%
	BRK.A	B	0.11%
	HD	A	0.1%
	GE	D	0.1%
	VICI	C	0.1%
	GOOGL	C	0.1%
	YUM	B	0.1%
	AVB	B	0.1%
	PNW	B	0.1%
	SSNC	B	0.1%
	LYB	F	0.1%
	DE	A	0.1%
	ULTA	F	0.1%
	ACI	C	0.1%
	ALLE	D	0.1%
	FITB	A	0.1%
	KHC	F	0.1%
	GIS	D	0.1%
	HBAN	A	0.1%
	ETN	A	0.1%
	COP	C	0.1%
	TAP	C	0.1%
	AAPL	C	0.1%
	CSX	B	0.09%
	AMCR	D	0.09%
	DFS	B	0.09%
	LNT	A	0.09%
	MET	A	0.09%
	AXS	A	0.09%
	AME	A	0.09%
	RF	A	0.09%
	PRU	A	0.09%
	USB	A	0.09%
	CPB	D	0.09%
	MCHP	F	0.09%
	AXP	A	0.09%
	AEE	A	0.09%
	HCA	F	0.09%
	WTW	B	0.09%
	TXN	C	0.09%
	BLDR	D	0.09%
	GOOG	C	0.09%
	RHI	B	0.09%
	MDLZ	F	0.09%
	BX	A	0.09%
	VEEV	C	0.08%
	JBHT	C	0.08%
	NVDA	C	0.08%
	JKHY	D	0.08%
	LIN	D	0.08%
	TMUS	B	0.08%
	ABBV	D	0.08%
	EQR	B	0.08%
	BSX	B	0.08%
	QRVO	F	0.08%
	META	D	0.08%
	AMGN	D	0.08%
	DLR	B	0.08%
	UHAL	D	0.08%
	SBUX	A	0.08%
	FTV	C	0.08%
	IEX	B	0.08%
	DOW	F	0.07%
	RTX	C	0.07%
	FOX	A	0.07%
	WY	D	0.07%
	NEE	D	0.07%
	EXR	D	0.07%
	STZ	D	0.07%
	ALL	A	0.07%
	NTRS	A	0.07%
	ISRG	A	0.07%
	JNPR	F	0.07%
	VLTO	D	0.07%
	MMM	D	0.07%
	GLW	B	0.07%
	GWRE	A	0.07%
	SYK	C	0.07%
	RMD	C	0.07%
	DG	F	0.07%
	NOC	D	0.07%
	F	C	0.07%
	CPNG	D	0.07%
	ACN	C	0.07%
	MRO	B	0.07%
	CFG	B	0.07%
	BALL	D	0.07%
	STE	F	0.07%
	ESS	B	0.07%
	CTVA	C	0.06%
	PTC	A	0.06%
	BMY	B	0.06%
	SN	D	0.06%
	AJG	B	0.06%
	IRM	D	0.06%
	MTD	D	0.06%
	WMT	A	0.06%
	CME	A	0.06%
	NSC	B	0.06%
	UPS	C	0.06%
	AMZN	C	0.06%
	LNG	B	0.06%
	KDP	D	0.06%
	AIG	B	0.06%
	GO	C	0.06%
	ALK	C	0.06%
	UNH	C	0.06%
	CLX	B	0.06%
	MDU	D	0.06%
	SPOT	B	0.06%
	LULU	C	0.06%
	TDY	B	0.06%
	WFC	A	0.06%
	VSTS	C	0.06%
	GTES	A	0.06%
	KEY	B	0.06%
	LHX	C	0.06%
	MDT	D	0.06%
	LYV	A	0.06%
	IDXX	F	0.06%
	KVUE	A	0.06%
	IPG	D	0.06%
	WBD	C	0.05%
	NKE	D	0.05%
	STT	A	0.05%
	NWS	A	0.05%
	PEP	F	0.05%
	UNP	C	0.05%
	VRT	B	0.05%
	CRBG	B	0.05%
	ARES	A	0.05%
	ICE	C	0.05%
	MAA	B	0.05%
	ANSS	B	0.05%
	CPT	B	0.05%
	SITE	D	0.05%
	SBAC	D	0.05%
	IQV	D	0.05%
	PCG	A	0.05%
	AAP	C	0.05%
	HON	B	0.05%
	JNJ	D	0.05%
	LKQ	D	0.05%
	PPG	F	0.05%
	DASH	A	0.05%
	ZTS	D	0.05%
	SPGI	C	0.05%
	ABNB	C	0.05%
	ESI	A	0.05%
	CVX	A	0.05%
	AES	F	0.05%
	GPN	B	0.05%
	CHH	A	0.04%
	TPG	A	0.04%
	ES	D	0.04%
	ENTG	D	0.04%
	INVH	D	0.04%
	BDX	F	0.04%
	FCX	D	0.04%
	PFG	D	0.04%
	SCHW	B	0.04%
	UDR	B	0.04%
	BPOP	B	0.04%
	PG	A	0.04%
	CCI	D	0.04%
	AVGO	D	0.04%
	NWL	B	0.04%
	EW	C	0.04%
	CMA	A	0.04%
	XOM	B	0.04%
	MNST	C	0.04%
	TEAM	A	0.04%
	VIRT	B	0.04%
	TDC	D	0.04%
	ABT	B	0.04%
	SLB	C	0.04%
	EFX	F	0.04%
	MHK	D	0.04%
	RPRX	D	0.04%
	IFF	D	0.04%
	MCD	D	0.04%
	AZEK	A	0.04%
	VRSN	F	0.04%
	FANG	D	0.04%
	AWK	D	0.04%
	ELS	C	0.04%
	NDSN	B	0.04%
	DRI	B	0.04%
	CAG	D	0.04%
	SMG	D	0.03%
	BFAM	D	0.03%
	ALGN	F	0.03%
	LEN	D	0.03%
	BXP	D	0.03%
	SJM	D	0.03%
	MRK	F	0.03%
	SPB	C	0.03%
	DT	C	0.03%
	HRL	D	0.03%
	FIS	C	0.03%
	PH	A	0.03%
	TECH	D	0.03%
	ZBH	C	0.03%
	QGEN	D	0.03%
	TMO	F	0.03%
	MRVL	B	0.03%
	HES	B	0.03%
	FRT	B	0.03%
	MTN	C	0.03%
	GNRC	B	0.03%
	APG	B	0.03%
	MSGS	A	0.03%
	AXON	A	0.03%
	DHR	F	0.03%
	REG	B	0.03%
	MKTX	D	0.03%
	REYN	D	0.03%
	KKR	A	0.03%
	TRU	D	0.03%
	DVN	F	0.03%
	CRL	C	0.03%
	TFC	A	0.03%
	RJF	A	0.03%
	KIM	A	0.03%
	HIW	D	0.03%
	APP	B	0.03%
	FTI	A	0.03%
	KO	D	0.03%
	NFLX	A	0.03%
	PCOR	B	0.03%
	HOLX	D	0.03%
	BAX	D	0.03%
	DIS	B	0.03%
	CRWD	B	0.03%
	GLOB	B	0.03%
	V	A	0.03%
	FTRE	D	0.03%
	OGN	D	0.03%
	HSY	F	0.03%
	INCY	C	0.03%
	JPM	A	0.02%
	RVTY	F	0.02%
	FSLR	F	0.02%
	INTC	D	0.02%
	HAL	C	0.02%
	C	A	0.02%
	CACC	D	0.02%
	SCCO	F	0.02%
	LVS	C	0.02%
	CNH	C	0.02%
	BEN	C	0.02%
	OWL	A	0.02%
	GS	A	0.02%
	TDG	D	0.02%
	CSGP	D	0.02%
	WAT	B	0.02%
	PINC	B	0.02%
	DOC	D	0.02%
	PLD	D	0.02%
	TFX	F	0.02%
	MKC	D	0.02%
	OMF	A	0.02%
	LBRDK	C	0.02%
	DXC	B	0.02%
	FHB	A	0.02%
	SWK	D	0.02%
	DOCU	A	0.02%
	EQIX	A	0.02%
	TRMB	B	0.02%
	AMED	F	0.02%
	MTCH	D	0.02%
	KMX	B	0.02%
	HUBS	A	0.02%
	CHRW	C	0.02%
	MA	C	0.02%
	BAC	A	0.02%
	CTLT	B	0.01%
	FMC	D	0.01%
	ELF	C	0.01%
	IVZ	B	0.01%
	AAL	B	0.01%
	SNOW	C	0.01%
	SEB	F	0.01%
	HEI	B	0.01%
	WAL	B	0.01%
	TRIP	F	0.01%
	ORCL	B	0.01%
	INFA	D	0.01%
	ON	D	0.01%
	OKTA	C	0.01%
	BBWI	D	0.01%
	CC	C	0.01%
	EL	F	0.01%
	HAS	D	0.01%
	BOKF	B	0.01%
	CNA	B	0.01%
	UAL	A	0.01%
	AGR	B	0.01%
	CEG	D	0.01%
	LLY	F	0.01%
	DDS	B	0.01%
	IAC	D	0.01%
	WYNN	D	0.01%
	UBER	D	0.01%
	CWEN	C	0.01%
	AMD	F	0.01%
	DNB	B	0.01%
	NU	C	0.01%
	SNDR	B	0.01%
	MOS	F	0.01%
	TTWO	A	0.01%
	UHAL	D	0.01%
	WELL	A	0.01%
	DDOG	A	0.01%
	HEI	B	0.01%
	ALB	C	0.01%
	BSY	D	0.01%
	NTNX	A	0.01%
	SEE	C	0.01%
	APTV	D	0.01%
	SMAR	A	0.01%
	ZS	C	0.01%
	HSIC	B	0.01%
	ZBRA	B	0.01%
	PINS	D	0.01%
	DAY	B	0.01%
	O	D	0.01%
	FIVE	F	0.01%
	OXY	D	0.01%
	DV	C	0.01%
	FRPT	B	0.01%
	DXCM	D	0.01%
	ATI	D	0.01%
	AMT	D	0.01%
	ZM	B	0.01%
	ARE	D	0.01%
	HUN	F	0.01%
	LW	C	0.01%
	TOST	B	0.01%
	WTM	A	0.01%
	VFC	C	0.01%
	WSC	D	0.01%
	EMR	A	0.01%
	UA	B	0.01%
	LITE	B	0.01%
	GFS	C	0.0%
	SMCI	F	0.0%
	XYL	D	0.0%
	MKSI	C	0.0%
	RH	B	0.0%
	HAYW	B	0.0%
	TTD	B	0.0%
	MGM	D	0.0%
	CLVT	F	0.0%

DEUS Underweight 115 Positions Relative to QVMM

	Symbol	Grade	Weight
	RBA	A	-0.61%
	SFM	A	-0.52%
	COHR	B	-0.49%
	PFGC	B	-0.49%
	OVV	B	-0.44%
	LAD	A	-0.41%
	DUOL	A	-0.4%
	AIT	A	-0.38%
	AA	B	-0.38%
	GMED	A	-0.34%
	FLR	B	-0.34%
	AR	B	-0.32%
	CHRD	D	-0.32%
	UFPI	B	-0.31%
	HQY	B	-0.31%
	PR	B	-0.3%
	SSB	B	-0.3%
	ANF	C	-0.29%
	GME	C	-0.29%
	RRC	B	-0.29%
	LNW	D	-0.29%
	CVLT	B	-0.28%
	DAR	C	-0.28%
	CMC	B	-0.27%
	ALV	C	-0.27%
	MTDR	B	-0.27%
	TMHC	B	-0.27%
	HALO	F	-0.26%
	CADE	B	-0.26%
	ONB	B	-0.26%
	EXLS	B	-0.26%
	GBCI	B	-0.25%
	DOCS	C	-0.23%
	CHX	C	-0.23%
	NOVT	D	-0.23%
	ESNT	D	-0.22%
	RMBS	C	-0.22%
	ALTR	B	-0.22%
	CBT	C	-0.22%
	SIGI	C	-0.22%
	KRG	B	-0.21%
	WTS	B	-0.21%
	HOMB	A	-0.21%
	CNX	A	-0.21%
	KBH	D	-0.21%
	UBSI	B	-0.21%
	QLYS	C	-0.2%
	HWC	B	-0.2%
	GATX	A	-0.2%
	LNTH	D	-0.2%
	MUR	D	-0.19%
	MMS	F	-0.19%
	KNF	A	-0.19%
	BDC	B	-0.19%
	FFIN	B	-0.19%
	UMBF	B	-0.19%
	BYD	C	-0.18%
	AVNT	B	-0.18%
	EXPO	D	-0.18%
	POR	C	-0.17%
	IRT	A	-0.17%
	WMG	C	-0.17%
	SWX	B	-0.17%
	HAE	C	-0.17%
	KMPR	B	-0.16%
	ASGN	F	-0.16%
	CNO	A	-0.16%
	CELH	F	-0.16%
	VLY	B	-0.16%
	NJR	A	-0.16%
	PNM	F	-0.15%
	ENS	D	-0.15%
	BKH	A	-0.15%
	ORA	B	-0.15%
	BCO	D	-0.15%
	ASB	B	-0.15%
	SR	A	-0.14%
	ROIV	C	-0.14%
	TEX	D	-0.14%
	SBRA	C	-0.14%
	IBOC	A	-0.14%
	OGS	A	-0.14%
	TCBI	B	-0.14%
	NVST	B	-0.13%
	PBF	D	-0.13%
	LANC	C	-0.13%
	SLAB	D	-0.13%
	ALE	A	-0.13%
	OPCH	D	-0.13%
	VAC	B	-0.12%
	EPR	D	-0.12%
	NWE	A	-0.12%
	SYNA	C	-0.12%
	FHI	A	-0.12%
	PCH	D	-0.12%
	CDP	C	-0.12%
	PK	B	-0.12%
	VAL	D	-0.12%
	GHC	C	-0.12%
	BHF	B	-0.12%
	LIVN	F	-0.11%
	GT	C	-0.11%
	WEN	D	-0.11%
	NEOG	F	-0.11%
	HGV	B	-0.11%
	RCM	F	-0.1%
	VC	D	-0.1%
	COTY	F	-0.1%
	NSP	D	-0.1%
	ENOV	C	-0.09%
	VSH	D	-0.08%
	JWN	C	-0.08%
	CNXC	F	-0.07%
	CPRI	F	-0.07%
	GEF	A	-0.06%

DEUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Business Services Utilities - Regulated Electric Asset Management Semiconductors Capital Markets Diagnostics & Research Insurance - Property & Casualty Packaged Foods Specialty Chemicals Specialty Retail Software - Infrastructure Information Technology Services Packaging & Containers Aerospace & Defense Biotechnology Building Materials Credit Services

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

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Business Services Oil & Gas E&P Biotechnology Packaging & Containers Software - Application Specialty Chemicals Building Materials Engineering & Construction Asset Management Packaged Foods REIT - Diversified REIT - Industrial Semiconductors Apparel Manufacturing Insurance - Property & Casualty Medical Care REIT - Retail Scientific & Technical Instruments

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Construction Beverage Deposit Products Supply Chain Management Commercial Banking Building Materials Computing Insurance Products Telecommunications Electricity