QUS vs. ILCB ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to iShares Morningstar U.S. Equity ETF (ILCB)

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

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.76

Average Daily Volume

40,854

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	QUS	ILCB
30 Days	2.25%	3.62%
60 Days	3.15%	4.81%
90 Days	4.45%	6.51%
12 Months	29.35%	32.50%

564 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in ILCB	Overlap
A	D	0.11%	0.07%	0.07%
AAPL	C	3.24%	6.21%	3.24%
ABBV	D	0.49%	0.56%	0.49%
ABNB	C	0.02%	0.11%	0.02%
ABT	B	0.16%	0.39%	0.16%
ACGL	D	0.38%	0.07%	0.07%
ACI	C	0.03%	0.01%	0.01%
ACM	A	0.01%	0.03%	0.01%
ACN	C	1.18%	0.43%	0.43%
ADBE	C	0.71%	0.43%	0.43%
ADI	D	0.14%	0.2%	0.14%
ADM	D	0.08%	0.05%	0.05%
ADP	B	0.54%	0.23%	0.23%
ADSK	A	0.16%	0.12%	0.12%
AEE	A	0.11%	0.05%	0.05%
AEP	D	0.19%	0.1%	0.1%
AES	F	0.01%	0.02%	0.01%
AFG	A	0.15%	0.02%	0.02%
AFL	B	0.22%	0.11%	0.11%
AIG	B	0.12%	0.09%	0.09%
AJG	B	0.46%	0.12%	0.12%
AKAM	D	0.14%	0.03%	0.03%
ALB	C	0.02%	0.02%	0.02%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.06%	0.1%	0.06%
ALLE	D	0.04%	0.02%	0.02%
ALLY	C	0.03%	0.02%	0.02%
ALNY	D	0.07%	0.06%	0.06%
AMAT	F	0.48%	0.27%	0.27%
AMCR	D	0.02%	0.03%	0.02%
AMD	F	0.06%	0.42%	0.06%
AME	A	0.02%	0.09%	0.02%
AMGN	D	0.27%	0.29%	0.27%
AMH	D	0.01%	0.02%	0.01%
AMP	A	0.04%	0.11%	0.04%
AMT	D	0.04%	0.18%	0.04%
AMZN	C	0.69%	3.7%	0.69%
ANET	C	0.39%	0.19%	0.19%
ANSS	B	0.01%	0.06%	0.01%
AON	A	0.21%	0.16%	0.16%
AOS	F	0.03%	0.02%	0.02%
APA	D	0.05%	0.02%	0.02%
APD	A	0.05%	0.14%	0.05%
APH	A	0.71%	0.16%	0.16%
APO	B	0.03%	0.13%	0.03%
APP	B	0.02%	0.12%	0.02%
APTV	D	0.02%	0.02%	0.02%
ARE	D	0.02%	0.03%	0.02%
ARES	A	0.01%	0.06%	0.01%
ATO	A	0.04%	0.04%	0.04%
AVB	B	0.02%	0.06%	0.02%
AVGO	D	0.58%	1.45%	0.58%
AVTR	F	0.01%	0.03%	0.01%
AVY	D	0.01%	0.03%	0.01%
AWK	D	0.02%	0.05%	0.02%
AXON	A	0.0%	0.08%	0.0%
AXP	A	0.11%	0.31%	0.11%
AZO	C	0.36%	0.1%	0.1%
BA	F	0.02%	0.2%	0.02%
BAC	A	0.69%	0.61%	0.61%
BAH	F	0.2%	0.04%	0.04%
BALL	D	0.02%	0.04%	0.02%
BAX	D	0.02%	0.03%	0.02%
BBY	D	0.09%	0.03%	0.03%
BDX	F	0.24%	0.13%	0.13%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.05%	0.02%	0.02%
BIIB	F	0.02%	0.04%	0.02%
BK	A	0.09%	0.11%	0.09%
BKNG	A	0.04%	0.32%	0.04%
BKR	B	0.04%	0.08%	0.04%
BLDR	D	0.08%	0.04%	0.04%
BLK	C	0.46%	0.3%	0.3%
BMRN	D	0.08%	0.02%	0.02%
BMY	B	0.34%	0.22%	0.22%
BR	A	0.03%	0.05%	0.03%
BRK.A	B	1.1%	1.63%	1.1%
BRO	B	0.01%	0.05%	0.01%
BSX	B	0.04%	0.25%	0.04%
BSY	D	0.0%	0.01%	0.0%
BURL	A	0.01%	0.03%	0.01%
BX	A	0.05%	0.25%	0.05%
BXP	D	0.01%	0.02%	0.01%
C	A	0.45%	0.25%	0.25%
CAG	D	0.02%	0.02%	0.02%
CAH	B	0.12%	0.06%	0.06%
CARR	D	0.04%	0.12%	0.04%
CAT	B	0.63%	0.36%	0.36%
CB	C	0.65%	0.21%	0.21%
CBRE	B	0.05%	0.08%	0.05%
CCI	D	0.03%	0.09%	0.03%
CCK	C	0.02%	0.02%	0.02%
CCL	B	0.01%	0.05%	0.01%
CDNS	B	0.29%	0.15%	0.15%
CDW	F	0.19%	0.05%	0.05%
CE	F	0.01%	0.02%	0.01%
CEG	D	0.03%	0.14%	0.03%
CELH	F	0.0%	0.01%	0.0%
CF	B	0.03%	0.03%	0.03%
CFG	B	0.07%	0.04%	0.04%
CG	A	0.01%	0.02%	0.01%
CHD	B	0.14%	0.05%	0.05%
CHTR	C	0.09%	0.07%	0.07%
CI	F	0.24%	0.17%	0.17%
CINF	A	0.03%	0.05%	0.03%
CL	D	0.17%	0.15%	0.15%
CLX	B	0.01%	0.04%	0.01%
CMCSA	B	0.42%	0.32%	0.32%
CME	A	0.23%	0.16%	0.16%
CMG	B	0.22%	0.15%	0.15%
CMI	A	0.17%	0.1%	0.1%
CMS	C	0.09%	0.04%	0.04%
CNC	D	0.08%	0.06%	0.06%
CNH	C	0.03%	0.02%	0.02%
CNP	B	0.02%	0.04%	0.02%
COF	B	0.17%	0.14%	0.14%
COIN	C	0.01%	0.12%	0.01%
COP	C	0.17%	0.25%	0.17%
COR	B	0.35%	0.08%	0.08%
COST	B	1.31%	0.78%	0.78%
CPAY	A	0.02%	0.05%	0.02%
CPB	D	0.12%	0.02%	0.02%
CPRT	A	0.14%	0.1%	0.1%
CPT	B	0.01%	0.02%	0.01%
CRL	C	0.01%	0.02%	0.01%
CRM	B	0.12%	0.58%	0.12%
CRWD	B	0.06%	0.15%	0.06%
CSCO	B	1.34%	0.45%	0.45%
CSGP	D	0.01%	0.06%	0.01%
CSL	C	0.01%	0.04%	0.01%
CSX	B	0.05%	0.13%	0.05%
CTAS	B	0.23%	0.14%	0.14%
CTRA	B	0.03%	0.04%	0.03%
CTSH	B	0.39%	0.07%	0.07%
CTVA	C	0.16%	0.07%	0.07%
CVS	D	0.29%	0.13%	0.13%
CVX	A	0.55%	0.53%	0.53%
D	C	0.14%	0.09%	0.09%
DAL	C	0.01%	0.08%	0.01%
DASH	A	0.01%	0.1%	0.01%
DAY	B	0.0%	0.02%	0.0%
DD	D	0.04%	0.07%	0.04%
DDOG	A	0.0%	0.07%	0.0%
DE	A	0.1%	0.19%	0.1%
DECK	A	0.09%	0.05%	0.05%
DELL	C	0.06%	0.07%	0.06%
DFS	B	0.07%	0.09%	0.07%
DG	F	0.02%	0.03%	0.02%
DGX	A	0.06%	0.03%	0.03%
DHI	D	0.19%	0.09%	0.09%
DHR	F	0.09%	0.29%	0.09%
DINO	D	0.02%	0.01%	0.01%
DIS	B	0.17%	0.4%	0.17%
DKNG	B	0.0%	0.04%	0.0%
DKS	C	0.01%	0.02%	0.01%
DLR	B	0.04%	0.11%	0.04%
DLTR	F	0.02%	0.03%	0.02%
DOC	D	0.01%	0.03%	0.01%
DOCU	A	0.0%	0.03%	0.0%
DOV	A	0.02%	0.05%	0.02%
DOW	F	0.06%	0.06%	0.06%
DPZ	C	0.07%	0.03%	0.03%
DRI	B	0.02%	0.04%	0.02%
DT	C	0.0%	0.03%	0.0%
DTE	C	0.1%	0.05%	0.05%
DUK	C	0.6%	0.17%	0.17%
DVA	B	0.01%	0.02%	0.01%
DVN	F	0.04%	0.05%	0.04%
DXCM	D	0.0%	0.06%	0.0%
EA	A	0.31%	0.08%	0.08%
EBAY	D	0.02%	0.06%	0.02%
ECL	D	0.02%	0.12%	0.02%
ED	D	0.42%	0.06%	0.06%
EFX	F	0.01%	0.06%	0.01%
EG	C	0.18%	0.03%	0.03%
EIX	B	0.04%	0.06%	0.04%
EL	F	0.01%	0.03%	0.01%
ELS	C	0.0%	0.02%	0.0%
ELV	F	0.29%	0.18%	0.18%
EME	C	0.08%	0.05%	0.05%
EMN	D	0.02%	0.02%	0.02%
EMR	A	0.05%	0.14%	0.05%
ENPH	F	0.02%	0.02%	0.02%
ENTG	D	0.01%	0.03%	0.01%
EOG	A	0.15%	0.15%	0.15%
EPAM	C	0.04%	0.03%	0.03%
EQH	B	0.02%	0.02%	0.02%
EQIX	A	0.02%	0.16%	0.02%
EQR	B	0.02%	0.05%	0.02%
EQT	B	0.03%	0.05%	0.03%
ERIE	D	0.17%	0.02%	0.02%
ES	D	0.03%	0.04%	0.03%
ESS	B	0.01%	0.04%	0.01%
ETN	A	0.05%	0.28%	0.05%
ETR	B	0.05%	0.06%	0.05%
EVRG	A	0.02%	0.03%	0.02%
EW	C	0.12%	0.08%	0.08%
EXAS	D	0.0%	0.02%	0.0%
EXC	C	0.06%	0.08%	0.06%
EXPD	D	0.06%	0.03%	0.03%
EXPE	B	0.02%	0.04%	0.02%
EXR	D	0.02%	0.07%	0.02%
F	C	0.16%	0.08%	0.08%
FANG	D	0.22%	0.06%	0.06%
FAST	B	0.15%	0.09%	0.09%
FCNCA	A	0.34%	0.05%	0.05%
FCX	D	0.04%	0.12%	0.04%
FDS	B	0.05%	0.04%	0.04%
FDX	B	0.12%	0.13%	0.12%
FE	C	0.02%	0.04%	0.02%
FFIV	B	0.23%	0.03%	0.03%
FI	A	0.31%	0.23%	0.23%
FICO	B	0.2%	0.11%	0.11%
FIS	C	0.03%	0.09%	0.03%
FITB	A	0.06%	0.06%	0.06%
FNF	B	0.02%	0.03%	0.02%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.02%	0.02%	0.02%
FSLR	F	0.03%	0.04%	0.03%
FTNT	C	0.01%	0.12%	0.01%
FTV	C	0.02%	0.05%	0.02%
GD	F	0.07%	0.14%	0.07%
GDDY	A	0.34%	0.05%	0.05%
GE	D	0.11%	0.37%	0.11%
GEHC	F	0.03%	0.06%	0.03%
GEN	B	0.13%	0.03%	0.03%
GEV	B	0.05%	0.17%	0.05%
GGG	B	0.05%	0.03%	0.03%
GILD	C	0.43%	0.21%	0.21%
GIS	D	0.25%	0.07%	0.07%
GLPI	C	0.01%	0.02%	0.01%
GLW	B	0.14%	0.07%	0.07%
GM	B	0.32%	0.12%	0.12%
GOOG	C	1.12%	1.74%	1.12%
GOOGL	C	1.2%	1.95%	1.2%
GPC	D	0.02%	0.03%	0.02%
GPN	B	0.04%	0.06%	0.04%
GRMN	B	0.2%	0.06%	0.06%
GS	A	0.3%	0.37%	0.3%
GWW	B	0.2%	0.1%	0.1%
HAL	C	0.03%	0.05%	0.03%
HBAN	A	0.06%	0.05%	0.05%
HCA	F	0.06%	0.12%	0.06%
HD	A	0.35%	0.78%	0.35%
HEI	B	0.0%	0.03%	0.0%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.02%	0.0%
HEI	B	0.0%	0.03%	0.0%
HES	B	0.02%	0.08%	0.02%
HIG	B	0.09%	0.07%	0.07%
HII	D	0.01%	0.01%	0.01%
HLT	A	0.01%	0.12%	0.01%
HOLX	D	0.07%	0.04%	0.04%
HON	B	0.53%	0.29%	0.29%
HOOD	B	0.01%	0.03%	0.01%
HPE	B	0.06%	0.05%	0.05%
HPQ	B	0.07%	0.07%	0.07%
HRL	D	0.08%	0.02%	0.02%
HST	C	0.01%	0.02%	0.01%
HSY	F	0.18%	0.05%	0.05%
HUBB	B	0.07%	0.04%	0.04%
HUBS	A	0.08%	0.07%	0.07%
HUM	C	0.2%	0.06%	0.06%
HWM	A	0.01%	0.09%	0.01%
IBM	C	0.67%	0.36%	0.36%
ICE	C	0.14%	0.17%	0.14%
IDXX	F	0.12%	0.07%	0.07%
IEX	B	0.05%	0.03%	0.03%
IFF	D	0.02%	0.04%	0.02%
ILMN	D	0.01%	0.04%	0.01%
INCY	C	0.2%	0.02%	0.02%
INTC	D	0.18%	0.2%	0.18%
INTU	C	0.04%	0.37%	0.04%
INVH	D	0.01%	0.04%	0.01%
IP	B	0.04%	0.04%	0.04%
IPG	D	0.01%	0.02%	0.01%
IQV	D	0.02%	0.07%	0.02%
IR	B	0.02%	0.08%	0.02%
IRM	D	0.01%	0.06%	0.01%
ISRG	A	0.04%	0.36%	0.04%
IT	C	0.13%	0.08%	0.08%
ITW	B	0.27%	0.15%	0.15%
J	F	0.02%	0.03%	0.02%
JBHT	C	0.05%	0.03%	0.03%
JBL	B	0.03%	0.03%	0.03%
JCI	C	0.05%	0.11%	0.05%
JKHY	D	0.04%	0.02%	0.02%
JNJ	D	1.64%	0.71%	0.71%
JNPR	F	0.17%	0.02%	0.02%
JPM	A	1.06%	1.34%	1.06%
K	A	0.29%	0.04%	0.04%
KDP	D	0.23%	0.07%	0.07%
KEY	B	0.04%	0.03%	0.03%
KEYS	A	0.26%	0.05%	0.05%
KHC	F	0.18%	0.05%	0.05%
KIM	A	0.02%	0.03%	0.02%
KKR	A	0.04%	0.19%	0.04%
KLAC	D	0.29%	0.16%	0.16%
KMB	D	0.1%	0.09%	0.09%
KMI	A	0.07%	0.1%	0.07%
KMX	B	0.03%	0.02%	0.02%
KO	D	0.81%	0.46%	0.46%
KR	B	0.31%	0.08%	0.08%
KVUE	A	0.04%	0.08%	0.04%
L	A	0.12%	0.03%	0.03%
LDOS	C	0.02%	0.04%	0.02%
LEN	D	0.06%	0.0%	0.0%
LEN	D	0.06%	0.08%	0.06%
LH	C	0.03%	0.04%	0.03%
LHX	C	0.04%	0.09%	0.04%
LII	A	0.01%	0.04%	0.01%
LIN	D	0.15%	0.41%	0.15%
LKQ	D	0.02%	0.02%	0.02%
LLY	F	1.92%	1.22%	1.22%
LMT	D	0.72%	0.22%	0.22%
LNG	B	0.05%	0.09%	0.05%
LNT	A	0.05%	0.03%	0.03%
LOW	D	0.13%	0.3%	0.13%
LPLA	A	0.07%	0.05%	0.05%
LRCX	F	0.3%	0.18%	0.18%
LULU	C	0.12%	0.07%	0.07%
LUV	C	0.01%	0.04%	0.01%
LVS	C	0.01%	0.04%	0.01%
LW	C	0.03%	0.02%	0.02%
LYB	F	0.04%	0.04%	0.04%
LYV	A	0.01%	0.04%	0.01%
MA	C	1.69%	0.82%	0.82%
MAA	B	0.01%	0.04%	0.01%
MANH	D	0.07%	0.03%	0.03%
MAR	B	0.02%	0.12%	0.02%
MAS	D	0.01%	0.03%	0.01%
MCD	D	0.5%	0.41%	0.41%
MCHP	D	0.1%	0.06%	0.06%
MCK	B	0.61%	0.15%	0.15%
MCO	B	0.21%	0.14%	0.14%
MDB	C	0.0%	0.04%	0.0%
MDLZ	F	0.22%	0.17%	0.17%
MDT	D	0.15%	0.22%	0.15%
MELI	D	0.07%	0.18%	0.07%
MET	A	0.09%	0.1%	0.09%
META	D	2.32%	2.34%	2.32%
MGM	D	0.01%	0.02%	0.01%
MKC	D	0.01%	0.04%	0.01%
MKL	A	0.15%	0.04%	0.04%
MLM	B	0.02%	0.07%	0.02%
MMC	B	0.69%	0.21%	0.21%
MMM	D	0.28%	0.14%	0.14%
MNST	C	0.12%	0.07%	0.07%
MO	A	0.07%	0.18%	0.07%
MOH	F	0.13%	0.03%	0.03%
MOS	F	0.03%	0.02%	0.02%
MPC	D	0.32%	0.1%	0.1%
MPWR	F	0.07%	0.05%	0.05%
MRK	F	0.46%	0.47%	0.46%
MRNA	F	0.01%	0.02%	0.01%
MRO	B	0.04%	0.03%	0.03%
MRVL	B	0.02%	0.15%	0.02%
MS	A	0.21%	0.32%	0.21%
MSCI	C	0.01%	0.09%	0.01%
MSFT	F	2.7%	5.94%	2.7%
MSI	B	0.63%	0.16%	0.16%
MSTR	C	0.0%	0.12%	0.0%
MTB	A	0.08%	0.07%	0.07%
MTD	D	0.01%	0.05%	0.01%
MU	D	0.07%	0.21%	0.07%
NBIX	C	0.11%	0.02%	0.02%
NDAQ	A	0.02%	0.06%	0.02%
NDSN	B	0.01%	0.03%	0.01%
NEE	D	0.1%	0.3%	0.1%
NEM	D	0.18%	0.09%	0.09%
NET	B	0.0%	0.05%	0.0%
NFLX	A	0.14%	0.68%	0.14%
NI	A	0.02%	0.03%	0.02%
NKE	D	0.28%	0.17%	0.17%
NOC	D	0.55%	0.14%	0.14%
NOW	A	0.27%	0.4%	0.27%
NRG	B	0.03%	0.04%	0.03%
NSC	B	0.05%	0.11%	0.05%
NTAP	C	0.16%	0.05%	0.05%
NTRS	A	0.03%	0.04%	0.03%
NUE	C	0.07%	0.07%	0.07%
NVDA	C	2.76%	6.48%	2.76%
NVR	D	0.11%	0.05%	0.05%
NWSA	B	0.01%	0.02%	0.01%
NXPI	D	0.03%	0.11%	0.03%
O	D	0.04%	0.09%	0.04%
OC	A	0.02%	0.03%	0.02%
ODFL	B	0.13%	0.08%	0.08%
OKE	A	0.05%	0.12%	0.05%
OKTA	C	0.0%	0.02%	0.0%
OMC	C	0.07%	0.04%	0.04%
ON	D	0.02%	0.05%	0.02%
ORCL	B	0.53%	0.57%	0.53%
ORLY	B	0.26%	0.14%	0.14%
OTIS	C	0.04%	0.08%	0.04%
OVV	B	0.03%	0.02%	0.02%
OXY	D	0.1%	0.06%	0.06%
PANW	C	0.32%	0.24%	0.24%
PAYC	B	0.03%	0.02%	0.02%
PAYX	C	0.16%	0.09%	0.09%
PCAR	B	0.06%	0.11%	0.06%
PCG	A	0.06%	0.09%	0.06%
PEG	A	0.04%	0.09%	0.04%
PEP	F	1.01%	0.42%	0.42%
PFE	D	0.33%	0.27%	0.27%
PFG	D	0.03%	0.04%	0.03%
PG	A	0.59%	0.77%	0.59%
PGR	A	0.65%	0.29%	0.29%
PH	A	0.04%	0.17%	0.04%
PHM	D	0.11%	0.05%	0.05%
PINS	D	0.0%	0.03%	0.0%
PKG	A	0.09%	0.04%	0.04%
PLD	D	0.08%	0.2%	0.08%
PLTR	B	0.01%	0.25%	0.01%
PM	B	0.11%	0.38%	0.11%
PNC	B	0.17%	0.16%	0.16%
PNR	A	0.01%	0.03%	0.01%
PODD	C	0.0%	0.03%	0.0%
POOL	C	0.04%	0.03%	0.03%
PPG	F	0.02%	0.06%	0.02%
PPL	B	0.03%	0.05%	0.03%
PRU	A	0.08%	0.09%	0.08%
PSA	D	0.14%	0.1%	0.1%
PSTG	D	0.0%	0.03%	0.0%
PSX	C	0.14%	0.11%	0.11%
PTC	A	0.18%	0.04%	0.04%
PWR	A	0.02%	0.09%	0.02%
PYPL	B	0.08%	0.17%	0.08%
QCOM	F	0.55%	0.34%	0.34%
QRVO	F	0.01%	0.01%	0.01%
RBLX	C	0.0%	0.05%	0.0%
RCL	A	0.01%	0.1%	0.01%
REG	B	0.01%	0.02%	0.01%
REGN	F	0.25%	0.15%	0.15%
RF	A	0.06%	0.05%	0.05%
RJF	A	0.03%	0.06%	0.03%
RMD	C	0.09%	0.07%	0.07%
ROK	B	0.1%	0.06%	0.06%
ROL	B	0.17%	0.03%	0.03%
ROP	B	0.46%	0.11%	0.11%
ROST	C	0.03%	0.09%	0.03%
RPM	A	0.01%	0.03%	0.01%
RPRX	D	0.01%	0.02%	0.01%
RS	B	0.03%	0.03%	0.03%
RSG	A	0.54%	0.08%	0.08%
RTX	C	0.18%	0.3%	0.18%
RVTY	F	0.01%	0.03%	0.01%
SBAC	D	0.01%	0.05%	0.01%
SBUX	A	0.06%	0.22%	0.06%
SCHW	B	0.07%	0.22%	0.07%
SHW	A	0.26%	0.17%	0.17%
SJM	D	0.02%	0.02%	0.02%
SLB	C	0.05%	0.12%	0.05%
SMCI	F	0.03%	0.02%	0.02%
SNA	A	0.06%	0.04%	0.04%
SNAP	C	0.0%	0.02%	0.0%
SNOW	C	0.0%	0.08%	0.0%
SNPS	B	0.28%	0.15%	0.15%
SO	D	0.54%	0.18%	0.18%
SOLV	C	0.06%	0.02%	0.02%
SPG	B	0.03%	0.11%	0.03%
SPGI	C	0.07%	0.3%	0.07%
SQ	B	0.03%	0.09%	0.03%
SRE	A	0.06%	0.11%	0.06%
SSNC	B	0.02%	0.03%	0.02%
STE	F	0.01%	0.04%	0.01%
STLD	B	0.04%	0.04%	0.04%
STT	A	0.06%	0.06%	0.06%
STX	D	0.07%	0.04%	0.04%
STZ	D	0.02%	0.07%	0.02%
SUI	D	0.01%	0.03%	0.01%
SW	A	0.03%	0.05%	0.03%
SWK	D	0.02%	0.03%	0.02%
SWKS	F	0.05%	0.03%	0.03%
SYF	B	0.06%	0.05%	0.05%
SYK	C	0.05%	0.27%	0.05%
SYY	B	0.05%	0.07%	0.05%
T	A	0.69%	0.31%	0.31%
TAP	C	0.02%	0.02%	0.02%
TDG	D	0.01%	0.13%	0.01%
TDY	B	0.21%	0.04%	0.04%
TEAM	A	0.0%	0.07%	0.0%
TECH	D	0.0%	0.02%	0.0%
TER	D	0.04%	0.03%	0.03%
TFC	A	0.16%	0.12%	0.12%
TFX	F	0.01%	0.02%	0.01%
TGT	F	0.1%	0.14%	0.1%
TJX	A	0.56%	0.26%	0.26%
TMO	F	0.1%	0.38%	0.1%
TMUS	B	0.78%	0.22%	0.22%
TPL	A	0.09%	0.05%	0.05%
TRGP	B	0.03%	0.08%	0.03%
TRMB	B	0.01%	0.03%	0.01%
TROW	B	0.09%	0.05%	0.05%
TRU	D	0.01%	0.04%	0.01%
TRV	B	0.47%	0.11%	0.11%
TSCO	D	0.09%	0.06%	0.06%
TSLA	B	0.28%	1.72%	0.28%
TSN	B	0.3%	0.03%	0.03%
TT	A	0.26%	0.18%	0.18%
TTD	B	0.01%	0.1%	0.01%
TTWO	A	0.01%	0.06%	0.01%
TW	A	0.07%	0.03%	0.03%
TWLO	A	0.01%	0.03%	0.01%
TXN	C	1.06%	0.35%	0.35%
TXT	D	0.02%	0.03%	0.02%
TYL	B	0.01%	0.05%	0.01%
UBER	D	0.18%	0.28%	0.18%
UDR	B	0.01%	0.03%	0.01%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.01%	0.01%	0.01%
UHS	D	0.02%	0.02%	0.02%
ULTA	F	0.08%	0.03%	0.03%
UNH	C	2.21%	1.05%	1.05%
UNP	C	0.08%	0.28%	0.08%
UPS	C	0.11%	0.19%	0.11%
URI	B	0.04%	0.11%	0.04%
USB	A	0.16%	0.15%	0.15%
UTHR	C	0.1%	0.03%	0.03%
V	A	1.91%	1.0%	1.0%
VEEV	C	0.08%	0.06%	0.06%
VICI	C	0.04%	0.06%	0.04%
VLO	C	0.15%	0.09%	0.09%
VLTO	D	0.08%	0.05%	0.05%
VMC	B	0.02%	0.07%	0.02%
VRSK	A	0.15%	0.08%	0.08%
VRSN	F	0.22%	0.03%	0.03%
VRT	B	0.01%	0.08%	0.01%
VRTX	F	0.57%	0.23%	0.23%
VST	B	0.02%	0.09%	0.02%
VTR	C	0.02%	0.05%	0.02%
VTRS	A	0.05%	0.03%	0.03%
VZ	C	0.81%	0.34%	0.34%
WAB	B	0.02%	0.07%	0.02%
WAT	B	0.07%	0.04%	0.04%
WBA	F	0.06%	0.01%	0.01%
WBD	C	0.11%	0.04%	0.04%
WDAY	B	0.15%	0.11%	0.11%
WDC	D	0.02%	0.04%	0.02%
WEC	A	0.29%	0.06%	0.06%
WELL	A	0.04%	0.16%	0.04%
WFC	A	0.5%	0.49%	0.49%
WLK	D	0.01%	0.01%	0.01%
WM	A	0.52%	0.15%	0.15%
WMB	A	0.15%	0.13%	0.13%
WMT	A	0.94%	0.7%	0.7%
WPC	D	0.01%	0.02%	0.01%
WRB	A	0.12%	0.04%	0.04%
WSM	B	0.06%	0.03%	0.03%
WSO	A	0.06%	0.04%	0.04%
WST	C	0.06%	0.04%	0.04%
WTRG	B	0.01%	0.02%	0.01%
WTW	B	0.16%	0.06%	0.06%
WY	D	0.03%	0.04%	0.03%
WYNN	D	0.0%	0.02%	0.0%
XEL	A	0.2%	0.07%	0.07%
XOM	B	0.81%	1.02%	0.81%
XYL	D	0.01%	0.06%	0.01%
YUM	B	0.19%	0.07%	0.07%
ZBH	C	0.02%	0.04%	0.02%
ZBRA	B	0.01%	0.04%	0.01%
ZM	B	0.01%	0.04%	0.01%
ZS	C	0.0%	0.04%	0.0%
ZTS	D	0.25%	0.15%	0.15%

QUS Overweight 23 Positions Relative to ILCB

Symbol	Grade	Weight
WCN	A	0.53%
CBOE	B	0.29%
AIZ	A	0.12%
KNX	B	0.04%
TTC	D	0.03%
PARA	C	0.03%
MKTX	D	0.03%
SEIC	B	0.03%
CRBG	B	0.02%
CHRW	C	0.02%
RIVN	F	0.01%
MTCH	D	0.01%
BIO	D	0.01%
BBWI	D	0.01%
Z	A	0.01%
CTLT	B	0.01%
FBIN	D	0.01%
HSIC	B	0.01%
CHRD	D	0.01%
IOT	A	0.0%
TOST	B	0.0%
H	B	0.0%
ROKU	D	0.0%

QUS Underweight 52 Positions Relative to ILCB

Symbol	Grade	Weight
CRH	A	-0.13%
TEL	B	-0.09%
FERG	B	-0.08%
CPNG	D	-0.06%
UAL	A	-0.06%
IBKR	A	-0.04%
EXE	B	-0.04%
COO	D	-0.04%
RNR	C	-0.03%
SAIA	B	-0.03%
USFD	A	-0.03%
THC	D	-0.03%
CASY	A	-0.03%
FLEX	A	-0.03%
RGA	A	-0.03%
TOL	B	-0.03%
FIX	A	-0.03%
XPO	B	-0.03%
NTNX	A	-0.03%
FWONK	B	-0.03%
NTRA	B	-0.03%
MEDP	D	-0.02%
WING	D	-0.02%
AR	B	-0.02%
MORN	B	-0.02%
WMS	D	-0.02%
SRPT	D	-0.02%
CHDN	B	-0.02%
UNM	A	-0.02%
BJ	A	-0.02%
FND	C	-0.02%
TTEK	F	-0.02%
BLD	D	-0.02%
RRX	B	-0.02%
NVT	B	-0.02%
LECO	B	-0.02%
SCI	B	-0.02%
CLH	B	-0.02%
PFGC	B	-0.02%
COTY	F	-0.01%
PAG	B	-0.01%
NWS	B	-0.01%
BRKR	D	-0.01%
U	C	-0.01%
SNX	C	-0.01%
PCOR	B	-0.01%
SIRI	C	-0.01%
AZPN	A	-0.01%
CNM	D	-0.01%
FWONA	B	-0.0%
ALAB	B	-0.0%
AGR	B	-0.0%