QUS vs. DIVB ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to iShares U.S. Dividend and Buyback ETF (DIVB)

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

$161.92

Average Daily Volume

15,365

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$50.54

Average Daily Volume

83,483

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	QUS	DIVB
30 Days	2.25%	2.97%
60 Days	3.15%	5.27%
90 Days	4.45%	7.50%
12 Months	29.35%	35.87%

236 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in DIVB	Overlap
	ABBV	D	0.49%	1.1%	0.49%
	ABT	B	0.16%	0.52%	0.16%
	ACI	C	0.03%	0.02%	0.02%
	ACN	C	1.18%	3.56%	1.18%
	ADP	B	0.54%	0.38%	0.38%
	AEE	A	0.11%	0.04%	0.04%
	AEP	D	0.19%	0.1%	0.1%
	AES	F	0.01%	0.04%	0.01%
	AFG	A	0.15%	0.03%	0.03%
	AFL	B	0.22%	0.38%	0.22%
	AIG	B	0.12%	0.57%	0.12%
	AIZ	A	0.12%	0.04%	0.04%
	ALL	A	0.06%	0.19%	0.06%
	ALLY	C	0.03%	0.07%	0.03%
	AMCR	D	0.02%	0.1%	0.02%
	AMGN	D	0.27%	0.43%	0.27%
	AMH	D	0.01%	0.01%	0.01%
	AMP	A	0.04%	0.37%	0.04%
	AMT	D	0.04%	0.25%	0.04%
	AOS	F	0.03%	0.05%	0.03%
	APA	D	0.05%	0.08%	0.05%
	APD	A	0.05%	0.18%	0.05%
	ARES	A	0.01%	0.06%	0.01%
	AVB	B	0.02%	0.07%	0.02%
	AWK	D	0.02%	0.05%	0.02%
	BAC	A	0.69%	1.46%	0.69%
	BAX	D	0.02%	0.05%	0.02%
	BBY	D	0.09%	0.11%	0.09%
	BEN	C	0.01%	0.05%	0.01%
	BG	F	0.05%	0.08%	0.05%
	BK	A	0.09%	0.4%	0.09%
	BKR	B	0.04%	0.15%	0.04%
	BLK	C	0.46%	0.63%	0.46%
	BMY	B	0.34%	1.09%	0.34%
	BX	A	0.05%	0.4%	0.05%
	BXP	D	0.01%	0.07%	0.01%
	C	A	0.45%	0.67%	0.45%
	CAG	D	0.02%	0.06%	0.02%
	CAH	B	0.12%	0.2%	0.12%
	CAT	B	0.63%	1.1%	0.63%
	CCI	D	0.03%	0.24%	0.03%
	CF	B	0.03%	0.15%	0.03%
	CFG	B	0.07%	0.19%	0.07%
	CG	A	0.01%	0.07%	0.01%
	CHRD	D	0.01%	0.07%	0.01%
	CHRW	C	0.02%	0.09%	0.02%
	CI	F	0.24%	0.68%	0.24%
	CINF	A	0.03%	0.08%	0.03%
	CL	D	0.17%	0.26%	0.17%
	CLX	B	0.01%	0.06%	0.01%
	CME	A	0.23%	0.34%	0.23%
	CMI	A	0.17%	0.12%	0.12%
	CMS	C	0.09%	0.03%	0.03%
	CNH	C	0.03%	0.1%	0.03%
	CNP	B	0.02%	0.06%	0.02%
	COF	B	0.17%	0.2%	0.17%
	COP	C	0.17%	0.85%	0.17%
	CPB	D	0.12%	0.03%	0.03%
	CPT	B	0.01%	0.05%	0.01%
	CSCO	B	1.34%	5.42%	1.34%
	CSX	B	0.05%	0.45%	0.05%
	CTRA	B	0.03%	0.12%	0.03%
	CTSH	B	0.39%	0.89%	0.39%
	CVS	D	0.29%	0.65%	0.29%
	CVX	A	0.55%	2.17%	0.55%
	D	C	0.14%	0.13%	0.13%
	DE	A	0.1%	0.69%	0.1%
	DFS	B	0.07%	0.3%	0.07%
	DG	F	0.02%	0.13%	0.02%
	DGX	A	0.06%	0.08%	0.06%
	DKS	C	0.01%	0.07%	0.01%
	DOC	D	0.01%	0.08%	0.01%
	DOW	F	0.06%	0.25%	0.06%
	DRI	B	0.02%	0.11%	0.02%
	DTE	C	0.1%	0.02%	0.02%
	DUK	C	0.6%	0.31%	0.31%
	DVN	F	0.04%	0.16%	0.04%
	EBAY	D	0.02%	0.23%	0.02%
	ED	D	0.42%	0.15%	0.15%
	EIX	B	0.04%	0.12%	0.04%
	EL	F	0.01%	0.06%	0.01%
	ELS	C	0.0%	0.03%	0.0%
	EMN	D	0.02%	0.07%	0.02%
	EMR	A	0.05%	0.33%	0.05%
	EOG	A	0.15%	0.29%	0.15%
	EQH	B	0.02%	0.02%	0.02%
	EQR	B	0.02%	0.09%	0.02%
	ES	D	0.03%	0.08%	0.03%
	ESS	B	0.01%	0.07%	0.01%
	ETR	B	0.05%	0.05%	0.05%
	EVRG	A	0.02%	0.06%	0.02%
	EXC	C	0.06%	0.15%	0.06%
	EXPD	D	0.06%	0.16%	0.06%
	EXR	D	0.02%	0.11%	0.02%
	F	C	0.16%	0.31%	0.16%
	FANG	D	0.22%	0.23%	0.22%
	FAST	B	0.15%	0.12%	0.12%
	FDX	B	0.12%	0.3%	0.12%
	FE	C	0.02%	0.08%	0.02%
	FIS	C	0.03%	1.88%	0.03%
	FITB	A	0.06%	0.14%	0.06%
	FNF	B	0.02%	0.06%	0.02%
	GEN	B	0.13%	0.56%	0.13%
	GILD	C	0.43%	0.55%	0.43%
	GIS	D	0.25%	0.27%	0.25%
	GLPI	C	0.01%	0.03%	0.01%
	GLW	B	0.14%	0.53%	0.14%
	GPC	D	0.02%	0.07%	0.02%
	GPN	B	0.04%	0.19%	0.04%
	GS	A	0.3%	1.36%	0.3%
	HBAN	A	0.06%	0.12%	0.06%
	HD	A	0.35%	1.57%	0.35%
	HIG	B	0.09%	0.21%	0.09%
	HII	D	0.01%	0.02%	0.01%
	HON	B	0.53%	0.66%	0.53%
	HPE	B	0.06%	0.74%	0.06%
	HPQ	B	0.07%	1.24%	0.07%
	HRL	D	0.08%	0.03%	0.03%
	HST	C	0.01%	0.07%	0.01%
	HSY	F	0.18%	0.11%	0.11%
	IBM	C	0.67%	3.51%	0.67%
	IFF	D	0.02%	0.05%	0.02%
	INVH	D	0.01%	0.06%	0.01%
	IP	B	0.04%	0.12%	0.04%
	IPG	D	0.01%	0.11%	0.01%
	IRM	D	0.01%	0.08%	0.01%
	ITW	B	0.27%	0.36%	0.27%
	JCI	C	0.05%	0.21%	0.05%
	JNJ	D	1.64%	1.37%	1.37%
	JNPR	F	0.17%	0.26%	0.17%
	JPM	A	1.06%	2.66%	1.06%
	K	A	0.29%	0.06%	0.06%
	KDP	D	0.23%	0.16%	0.16%
	KEY	B	0.04%	0.1%	0.04%
	KHC	F	0.18%	0.16%	0.16%
	KIM	A	0.02%	0.07%	0.02%
	KMB	D	0.1%	0.18%	0.1%
	KMI	A	0.07%	0.25%	0.07%
	KO	D	0.81%	0.75%	0.75%
	KR	B	0.31%	0.1%	0.1%
	LH	C	0.03%	0.13%	0.03%
	LHX	C	0.04%	0.16%	0.04%
	LKQ	D	0.02%	0.07%	0.02%
	LMT	D	0.72%	0.83%	0.72%
	LNT	A	0.05%	0.04%	0.04%
	LOW	D	0.13%	1.06%	0.13%
	LUV	C	0.01%	0.05%	0.01%
	LYB	F	0.04%	0.14%	0.04%
	MAA	B	0.01%	0.07%	0.01%
	MAS	D	0.01%	0.06%	0.01%
	MCD	D	0.5%	0.82%	0.5%
	MCHP	D	0.1%	0.8%	0.1%
	MDLZ	F	0.22%	0.35%	0.22%
	MDT	D	0.15%	0.55%	0.15%
	MET	A	0.09%	0.46%	0.09%
	MKC	D	0.01%	0.04%	0.01%
	MMM	D	0.28%	0.31%	0.28%
	MRK	F	0.46%	0.75%	0.46%
	MRO	B	0.04%	0.14%	0.04%
	MS	A	0.21%	1.36%	0.21%
	MTB	A	0.08%	0.24%	0.08%
	NEE	D	0.1%	0.11%	0.1%
	NEM	D	0.18%	0.13%	0.13%
	NI	A	0.02%	0.04%	0.02%
	NKE	D	0.28%	0.65%	0.28%
	NOC	D	0.55%	0.31%	0.31%
	NRG	B	0.03%	0.13%	0.03%
	NSC	B	0.05%	0.25%	0.05%
	NTAP	C	0.16%	0.73%	0.16%
	NTRS	A	0.03%	0.13%	0.03%
	NUE	C	0.07%	0.28%	0.07%
	OKE	A	0.05%	0.21%	0.05%
	OMC	C	0.07%	0.16%	0.07%
	OVV	B	0.03%	0.09%	0.03%
	PAYX	C	0.16%	0.14%	0.14%
	PEG	A	0.04%	0.13%	0.04%
	PEP	F	1.01%	0.78%	0.78%
	PFE	D	0.33%	0.84%	0.33%
	PFG	D	0.03%	0.17%	0.03%
	PG	A	0.59%	1.5%	0.59%
	PKG	A	0.09%	0.09%	0.09%
	PLD	D	0.08%	0.3%	0.08%
	PM	B	0.11%	0.84%	0.11%
	PNC	B	0.17%	0.46%	0.17%
	PPG	F	0.02%	0.08%	0.02%
	PPL	B	0.03%	0.08%	0.03%
	PRU	A	0.08%	0.35%	0.08%
	PSA	D	0.14%	0.18%	0.14%
	PSX	C	0.14%	0.44%	0.14%
	REG	B	0.01%	0.06%	0.01%
	RF	A	0.06%	0.14%	0.06%
	ROK	B	0.1%	0.11%	0.1%
	RPRX	D	0.01%	0.05%	0.01%
	RTX	C	0.18%	1.04%	0.18%
	SBUX	A	0.06%	0.37%	0.06%
	SJM	D	0.02%	0.08%	0.02%
	SLB	C	0.05%	0.19%	0.05%
	SNA	A	0.06%	0.08%	0.06%
	SO	D	0.54%	0.22%	0.22%
	SPG	B	0.03%	0.3%	0.03%
	SRE	A	0.06%	0.17%	0.06%
	STLD	B	0.04%	0.21%	0.04%
	STX	D	0.07%	0.39%	0.07%
	SW	A	0.03%	0.12%	0.03%
	SWK	D	0.02%	0.05%	0.02%
	SWKS	F	0.05%	0.29%	0.05%
	SYY	B	0.05%	0.19%	0.05%
	T	A	0.69%	1.2%	0.69%
	TAP	C	0.02%	0.07%	0.02%
	TFC	A	0.16%	0.33%	0.16%
	TGT	F	0.1%	0.23%	0.1%
	TRGP	B	0.03%	0.11%	0.03%
	TROW	B	0.09%	0.18%	0.09%
	TRV	B	0.47%	0.26%	0.26%
	TSN	B	0.3%	0.08%	0.08%
	TXN	C	1.06%	3.03%	1.06%
	UDR	B	0.01%	0.02%	0.01%
	UNP	C	0.08%	0.48%	0.08%
	UPS	C	0.11%	0.71%	0.11%
	USB	A	0.16%	0.31%	0.16%
	VICI	C	0.04%	0.05%	0.04%
	VTR	C	0.02%	0.04%	0.02%
	VTRS	A	0.05%	0.09%	0.05%
	VZ	C	0.81%	1.48%	0.81%
	WBA	F	0.06%	0.1%	0.06%
	WEC	A	0.29%	0.11%	0.11%
	WFC	A	0.5%	2.42%	0.5%
	WMB	A	0.15%	0.22%	0.15%
	WPC	D	0.01%	0.06%	0.01%
	WSO	A	0.06%	0.03%	0.03%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.16%	0.16%	0.16%
	WY	D	0.03%	0.08%	0.03%
	XEL	A	0.2%	0.1%	0.1%
	XOM	B	0.81%	2.91%	0.81%
	YUM	B	0.19%	0.12%	0.12%

QUS Overweight 347 Positions Relative to DIVB

	Symbol	Grade	Weight
	AAPL	C	3.24%
	NVDA	C	2.76%
	MSFT	F	2.7%
	META	D	2.32%
	UNH	C	2.21%
	LLY	F	1.92%
	V	A	1.91%
	MA	C	1.69%
	COST	B	1.31%
	GOOGL	C	1.2%
	GOOG	C	1.12%
	BRK.A	B	1.1%
	WMT	A	0.94%
	TMUS	B	0.78%
	APH	A	0.71%
	ADBE	C	0.71%
	MMC	B	0.69%
	AMZN	C	0.69%
	PGR	A	0.65%
	CB	C	0.65%
	MSI	B	0.63%
	MCK	B	0.61%
	AVGO	D	0.58%
	VRTX	F	0.57%
	TJX	A	0.56%
	QCOM	F	0.55%
	RSG	A	0.54%
	WCN	A	0.53%
	ORCL	B	0.53%
	WM	A	0.52%
	AMAT	F	0.48%
	AJG	B	0.46%
	ROP	B	0.46%
	CMCSA	B	0.42%
	ANET	C	0.39%
	ACGL	D	0.38%
	AZO	C	0.36%
	COR	B	0.35%
	GDDY	A	0.34%
	FCNCA	A	0.34%
	PANW	C	0.32%
	GM	B	0.32%
	MPC	D	0.32%
	FI	A	0.31%
	EA	A	0.31%
	LRCX	F	0.3%
	CDNS	B	0.29%
	CBOE	B	0.29%
	ELV	F	0.29%
	KLAC	D	0.29%
	SNPS	B	0.28%
	TSLA	B	0.28%
	NOW	A	0.27%
	SHW	A	0.26%
	ORLY	B	0.26%
	KEYS	A	0.26%
	TT	A	0.26%
	ZTS	D	0.25%
	REGN	F	0.25%
	BDX	F	0.24%
	FFIV	B	0.23%
	CTAS	B	0.23%
	CMG	B	0.22%
	VRSN	F	0.22%
	MCO	B	0.21%
	AON	A	0.21%
	TDY	B	0.21%
	HUM	C	0.2%
	GWW	B	0.2%
	BAH	F	0.2%
	FICO	B	0.2%
	INCY	C	0.2%
	GRMN	B	0.2%
	DHI	D	0.19%
	CDW	F	0.19%
	EG	C	0.18%
	INTC	D	0.18%
	PTC	A	0.18%
	UBER	D	0.18%
	ERIE	D	0.17%
	ROL	B	0.17%
	DIS	B	0.17%
	ADSK	A	0.16%
	CTVA	C	0.16%
	VLO	C	0.15%
	MKL	A	0.15%
	VRSK	A	0.15%
	WDAY	B	0.15%
	LIN	D	0.15%
	NFLX	A	0.14%
	ADI	D	0.14%
	CPRT	A	0.14%
	ICE	C	0.14%
	CHD	B	0.14%
	AKAM	D	0.14%
	MOH	F	0.13%
	IT	C	0.13%
	ODFL	B	0.13%
	MNST	C	0.12%
	CRM	B	0.12%
	LULU	C	0.12%
	WRB	A	0.12%
	IDXX	F	0.12%
	EW	C	0.12%
	L	A	0.12%
	AXP	A	0.11%
	NVR	D	0.11%
	PHM	D	0.11%
	A	D	0.11%
	GE	D	0.11%
	NBIX	C	0.11%
	WBD	C	0.11%
	OXY	D	0.1%
	UTHR	C	0.1%
	TMO	F	0.1%
	DHR	F	0.09%
	TPL	A	0.09%
	DECK	A	0.09%
	TSCO	D	0.09%
	CHTR	C	0.09%
	RMD	C	0.09%
	EME	C	0.08%
	PYPL	B	0.08%
	BLDR	D	0.08%
	ULTA	F	0.08%
	BMRN	D	0.08%
	ADM	D	0.08%
	VLTO	D	0.08%
	HUBS	A	0.08%
	VEEV	C	0.08%
	CNC	D	0.08%
	MO	A	0.07%
	HUBB	B	0.07%
	MANH	D	0.07%
	SPGI	C	0.07%
	DPZ	C	0.07%
	WAT	B	0.07%
	MU	D	0.07%
	TW	A	0.07%
	GD	F	0.07%
	SCHW	B	0.07%
	MELI	D	0.07%
	HOLX	D	0.07%
	ALNY	D	0.07%
	MPWR	F	0.07%
	LPLA	A	0.07%
	PCAR	B	0.06%
	SOLV	C	0.06%
	WSM	B	0.06%
	STT	A	0.06%
	PCG	A	0.06%
	DELL	C	0.06%
	HCA	F	0.06%
	AMD	F	0.06%
	LEN	D	0.06%
	SYF	B	0.06%
	CRWD	B	0.06%
	WST	C	0.06%
	GEV	B	0.05%
	GGG	B	0.05%
	IEX	B	0.05%
	CBRE	B	0.05%
	ETN	A	0.05%
	JBHT	C	0.05%
	FDS	B	0.05%
	SYK	C	0.05%
	LNG	B	0.05%
	ISRG	A	0.04%
	WELL	A	0.04%
	CARR	D	0.04%
	DLR	B	0.04%
	JKHY	D	0.04%
	INTU	C	0.04%
	ALLE	D	0.04%
	KNX	B	0.04%
	BKNG	A	0.04%
	PH	A	0.04%
	OTIS	C	0.04%
	URI	B	0.04%
	DD	D	0.04%
	ATO	A	0.04%
	BSX	B	0.04%
	O	D	0.04%
	KVUE	A	0.04%
	FCX	D	0.04%
	EPAM	C	0.04%
	KKR	A	0.04%
	POOL	C	0.04%
	TER	D	0.04%
	SMCI	F	0.03%
	RS	B	0.03%
	TTC	D	0.03%
	HAL	C	0.03%
	NXPI	D	0.03%
	EQT	B	0.03%
	PARA	C	0.03%
	KMX	B	0.03%
	BR	A	0.03%
	GEHC	F	0.03%
	FSLR	F	0.03%
	APO	B	0.03%
	SQ	B	0.03%
	ROST	C	0.03%
	JBL	B	0.03%
	MKTX	D	0.03%
	SEIC	B	0.03%
	CEG	D	0.03%
	LW	C	0.03%
	MOS	F	0.03%
	RJF	A	0.03%
	PAYC	B	0.03%
	APP	B	0.02%
	SSNC	B	0.02%
	CPAY	A	0.02%
	CCK	C	0.02%
	BALL	D	0.02%
	ABNB	C	0.02%
	STZ	D	0.02%
	LDOS	C	0.02%
	VMC	B	0.02%
	DLTR	F	0.02%
	WDC	D	0.02%
	NDAQ	A	0.02%
	DOV	A	0.02%
	EXPE	B	0.02%
	MLM	B	0.02%
	IR	B	0.02%
	FTV	C	0.02%
	ARE	D	0.02%
	ALB	C	0.02%
	UHS	D	0.02%
	J	F	0.02%
	MAR	B	0.02%
	TXT	D	0.02%
	APTV	D	0.02%
	MRVL	B	0.02%
	OC	A	0.02%
	IQV	D	0.02%
	CRBG	B	0.02%
	VST	B	0.02%
	WAB	B	0.02%
	HES	B	0.02%
	PWR	A	0.02%
	ON	D	0.02%
	BIIB	F	0.02%
	ZBH	C	0.02%
	FOXA	B	0.02%
	BA	F	0.02%
	EQIX	A	0.02%
	DINO	D	0.02%
	AME	A	0.02%
	ENPH	F	0.02%
	ECL	D	0.02%
	TTD	B	0.01%
	HOOD	B	0.01%
	ENTG	D	0.01%
	RIVN	F	0.01%
	MTCH	D	0.01%
	TYL	B	0.01%
	MTD	D	0.01%
	BIO	D	0.01%
	BBWI	D	0.01%
	NDSN	B	0.01%
	Z	A	0.01%
	LII	A	0.01%
	ALGN	D	0.01%
	QRVO	F	0.01%
	LVS	C	0.01%
	LYV	A	0.01%
	TFX	F	0.01%
	VRT	B	0.01%
	SBAC	D	0.01%
	PLTR	B	0.01%
	ILMN	D	0.01%
	UHAL	D	0.01%
	CSGP	D	0.01%
	WLK	D	0.01%
	CRL	C	0.01%
	CTLT	B	0.01%
	ANSS	B	0.01%
	MGM	D	0.01%
	TDG	D	0.01%
	MSCI	C	0.01%
	DASH	A	0.01%
	DVA	B	0.01%
	AVY	D	0.01%
	FBIN	D	0.01%
	TRU	D	0.01%
	CSL	C	0.01%
	AVTR	F	0.01%
	FOX	A	0.01%
	PNR	A	0.01%
	RPM	A	0.01%
	NWSA	B	0.01%
	HLT	A	0.01%
	RCL	A	0.01%
	SUI	D	0.01%
	CE	F	0.01%
	FTNT	C	0.01%
	STE	F	0.01%
	ZBRA	B	0.01%
	MRNA	F	0.01%
	TWLO	A	0.01%
	HSIC	B	0.01%
	TRMB	B	0.01%
	BURL	A	0.01%
	TTWO	A	0.01%
	ACM	A	0.01%
	COIN	C	0.01%
	DAL	C	0.01%
	XYL	D	0.01%
	CCL	B	0.01%
	EFX	F	0.01%
	HWM	A	0.01%
	BRO	B	0.01%
	ZM	B	0.01%
	RVTY	F	0.01%
	CELH	F	0.0%
	IOT	A	0.0%
	ZS	C	0.0%
	TEAM	A	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	MDB	C	0.0%
	TOST	B	0.0%
	DKNG	B	0.0%
	BSY	D	0.0%
	PSTG	D	0.0%
	DDOG	A	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	DT	C	0.0%
	WYNN	D	0.0%
	PODD	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	HEI	B	0.0%
	DAY	B	0.0%
	ROKU	D	0.0%
	SNOW	C	0.0%
	PINS	D	0.0%
	DXCM	D	0.0%
	MSTR	C	0.0%
	HEI	B	0.0%
	TECH	D	0.0%
	OKTA	C	0.0%
	AXON	A	0.0%

QUS Underweight 197 Positions Relative to DIVB

	Symbol	Grade	Weight
	TEL	B	-1.17%
	CRH	A	-0.46%
	AVT	C	-0.17%
	G	B	-0.16%
	TPR	B	-0.1%
	KLIC	B	-0.1%
	ORI	A	-0.1%
	SF	B	-0.07%
	UNM	A	-0.07%
	EVR	B	-0.07%
	RL	B	-0.07%
	WH	B	-0.07%
	OMF	A	-0.07%
	FHN	A	-0.07%
	SCI	B	-0.07%
	VSH	D	-0.06%
	STWD	C	-0.06%
	EWBC	A	-0.06%
	HR	C	-0.06%
	WBS	A	-0.06%
	VOYA	B	-0.06%
	EXE	B	-0.06%
	RHI	B	-0.06%
	R	B	-0.06%
	HRB	D	-0.06%
	CMA	A	-0.05%
	LAMR	D	-0.05%
	ZION	B	-0.05%
	PR	B	-0.05%
	BC	C	-0.05%
	OWL	A	-0.05%
	BYD	C	-0.05%
	BERY	B	-0.05%
	AGO	B	-0.05%
	MTG	C	-0.05%
	ALV	C	-0.05%
	FAF	A	-0.04%
	OHI	C	-0.04%
	HAS	D	-0.04%
	OZK	B	-0.04%
	CFR	B	-0.04%
	HOG	D	-0.04%
	PII	D	-0.04%
	CNXC	F	-0.04%
	JHG	A	-0.04%
	OGE	B	-0.04%
	LEA	D	-0.04%
	PBF	D	-0.04%
	CIVI	D	-0.04%
	SNV	B	-0.04%
	RDN	C	-0.04%
	CUBE	D	-0.04%
	MSM	C	-0.04%
	CHH	A	-0.04%
	PNW	B	-0.04%
	IVZ	B	-0.04%
	COLB	A	-0.04%
	RITM	C	-0.04%
	IRDM	D	-0.04%
	JEF	A	-0.04%
	AM	A	-0.03%
	CNO	A	-0.03%
	ONB	B	-0.03%
	VLY	B	-0.03%
	PAG	B	-0.03%
	HP	B	-0.03%
	CCOI	B	-0.03%
	PTEN	C	-0.03%
	WEN	D	-0.03%
	HOMB	A	-0.03%
	MGY	A	-0.03%
	RHP	B	-0.03%
	DTM	B	-0.03%
	XRAY	F	-0.03%
	BPOP	B	-0.03%
	ASH	D	-0.03%
	ARCH	B	-0.03%
	FHI	A	-0.03%
	MAN	D	-0.03%
	CBSH	A	-0.03%
	HRI	B	-0.03%
	KRC	C	-0.03%
	LPX	B	-0.03%
	UGI	A	-0.03%
	INGR	B	-0.03%
	DLB	B	-0.03%
	CC	C	-0.03%
	BRX	A	-0.03%
	PB	A	-0.03%
	KBH	D	-0.03%
	FMC	D	-0.03%
	APLE	B	-0.02%
	ALE	A	-0.02%
	NSP	D	-0.02%
	BOKF	B	-0.02%
	HWC	B	-0.02%
	CDP	C	-0.02%
	GOLF	B	-0.02%
	AAP	C	-0.02%
	WMG	C	-0.02%
	PECO	A	-0.02%
	ESNT	D	-0.02%
	PRGO	B	-0.02%
	IIPR	D	-0.02%
	FHB	A	-0.02%
	WAL	B	-0.02%
	NFG	A	-0.02%
	FR	C	-0.02%
	COLD	D	-0.02%
	THG	A	-0.02%
	MC	C	-0.02%
	GAP	C	-0.02%
	THO	B	-0.02%
	AEO	F	-0.02%
	VCTR	B	-0.02%
	ABM	B	-0.02%
	NHI	D	-0.02%
	PCH	D	-0.02%
	RUSHA	C	-0.02%
	IDA	A	-0.02%
	CUZ	B	-0.02%
	MAC	B	-0.02%
	SIRI	C	-0.02%
	CRC	B	-0.02%
	ASB	B	-0.02%
	SHOO	D	-0.02%
	KTB	B	-0.02%
	SON	D	-0.02%
	GBCI	B	-0.02%
	SSB	B	-0.02%
	APAM	B	-0.02%
	OGN	D	-0.02%
	VFC	C	-0.02%
	M	D	-0.02%
	STAG	F	-0.02%
	SLG	B	-0.02%
	AXS	A	-0.02%
	KRG	B	-0.02%
	FLO	D	-0.02%
	MUR	D	-0.02%
	UBSI	B	-0.02%
	FNB	A	-0.02%
	BTU	B	-0.02%
	SBRA	C	-0.02%
	EPR	D	-0.02%
	FRT	B	-0.02%
	NNN	D	-0.02%
	IPAR	B	-0.01%
	OGS	A	-0.01%
	CWEN	C	-0.01%
	TXNM	A	-0.01%
	MCY	A	-0.01%
	DNB	B	-0.01%
	BKH	A	-0.01%
	MDU	D	-0.01%
	AWR	B	-0.01%
	UCB	A	-0.01%
	SXT	B	-0.01%
	RRR	D	-0.01%
	TFSL	A	-0.01%
	MGEE	C	-0.01%
	CNS	B	-0.01%
	GEF	A	-0.01%
	ADT	C	-0.01%
	KMPR	B	-0.01%
	AVNT	B	-0.01%
	AROC	B	-0.01%
	OTTR	C	-0.01%
	HI	C	-0.01%
	LXP	D	-0.01%
	NJR	A	-0.01%
	JWN	C	-0.01%
	IBOC	A	-0.01%
	SEE	C	-0.01%
	NEU	C	-0.01%
	FFIN	B	-0.01%
	CATY	B	-0.01%
	CWEN	C	-0.01%
	AGR	B	-0.01%
	LCII	C	-0.01%
	SKT	B	-0.01%
	WD	D	-0.01%
	NWL	B	-0.01%
	SMG	D	-0.01%
	RYN	D	-0.01%
	IRT	A	-0.01%
	MAGN	F	-0.0%
	CADE	B	-0.0%
	RUSHB	B	-0.0%
	GEF	A	-0.0%
	AGNC	D	-0.0%
	CRK	B	-0.0%
	SITC	D	-0.0%
	AVA	A	-0.0%
	ACT	D	-0.0%
	REYN	D	-0.0%
	CVI	F	-0.0%

QUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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

DIVB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Oil & Gas E&P REIT - Residential REIT - Retail Utilities - Diversified Packaged Foods Packaging & Containers REIT - Diversified Diversified Industrials REIT - Industrial Business Services Drug Manufacturers - Major Household & Personal Products Insurance - Property & Casualty Specialty Chemicals Insurance - Diversified Insurance - Life Insurance - Specialty

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Bank Banking Electricity Insurance Nasdaq 100 Commercial Banking Dow Jones Component Deposit Products Financial Products Investment Bank Real Estate Market Cash Management Insurance Products Chemical Plastic Life Insurance Mining