QUS vs. JCTR ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to JPMorgan Carbon Transition U.S. Equity ETF (JCTR)

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

JCTR

JPMorgan Carbon Transition U.S. Equity ETF

JCTR Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JPMorgan Asset Management Carbon Transition U.S. Equity Index. The fund will invest at least 80% of its assets in securities included in index. The index is designed to capture the performance of companies which have been identified through its rules-based process as better positioned to benefit from a transition to a lower carbon economy while also providing broader U.S. market exposure.

Grade (RS Rating)

Last Trade

$81.11

Average Daily Volume

149

Number of Holdings ^*

428

* may have additional holdings in another (foreign) market

Performance

Period	QUS	JCTR
30 Days	2.25%	4.02%
60 Days	3.15%	5.04%
90 Days	4.45%	6.88%
12 Months	29.35%	32.99%

310 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in JCTR	Overlap
A	D	0.11%	0.14%	0.11%
AAPL	C	3.24%	6.5%	3.24%
ABBV	D	0.49%	0.4%	0.4%
ABNB	C	0.02%	0.22%	0.02%
ABT	B	0.16%	0.19%	0.16%
ACGL	D	0.38%	0.12%	0.12%
ACI	C	0.03%	0.03%	0.03%
ACM	A	0.01%	0.05%	0.01%
ACN	C	1.18%	0.7%	0.7%
ADBE	C	0.71%	0.65%	0.65%
ADI	D	0.14%	0.03%	0.03%
ADM	D	0.08%	0.08%	0.08%
ADP	B	0.54%	0.46%	0.46%
ADSK	A	0.16%	0.25%	0.16%
AFL	B	0.22%	0.23%	0.22%
AIG	B	0.12%	0.16%	0.12%
AJG	B	0.46%	0.24%	0.24%
ALB	C	0.02%	0.06%	0.02%
ALLE	D	0.04%	0.04%	0.04%
ALLY	C	0.03%	0.04%	0.03%
ALNY	D	0.07%	0.11%	0.07%
AMAT	F	0.48%	0.46%	0.46%
AMD	F	0.06%	0.66%	0.06%
AME	A	0.02%	0.17%	0.02%
AMGN	D	0.27%	0.54%	0.27%
AMH	D	0.01%	0.04%	0.01%
AMT	D	0.04%	0.02%	0.02%
AMZN	C	0.69%	3.3%	0.69%
ANET	C	0.39%	0.37%	0.37%
ANSS	B	0.01%	0.12%	0.01%
AON	A	0.21%	0.28%	0.21%
APO	B	0.03%	0.29%	0.03%
ARES	A	0.01%	0.1%	0.01%
AVB	B	0.02%	0.12%	0.02%
AVGO	D	0.58%	1.63%	0.58%
AVY	D	0.01%	0.06%	0.01%
AWK	D	0.02%	0.2%	0.02%
AXP	A	0.11%	0.6%	0.11%
AZO	C	0.36%	0.11%	0.11%
BAC	A	0.69%	0.41%	0.41%
BAH	F	0.2%	0.07%	0.07%
BBWI	D	0.01%	0.03%	0.01%
BG	F	0.05%	0.04%	0.04%
BKNG	A	0.04%	0.69%	0.04%
BLK	C	0.46%	0.22%	0.22%
BRK.A	B	1.1%	0.96%	0.96%
BSX	B	0.04%	0.5%	0.04%
BSY	D	0.0%	0.02%	0.0%
BX	A	0.05%	0.45%	0.05%
BXP	D	0.01%	0.04%	0.01%
C	A	0.45%	0.49%	0.45%
CAG	D	0.02%	0.04%	0.02%
CARR	D	0.04%	0.21%	0.04%
CAT	B	0.63%	0.67%	0.63%
CB	C	0.65%	0.43%	0.43%
CBOE	B	0.29%	0.08%	0.08%
CBRE	B	0.05%	0.15%	0.05%
CCI	D	0.03%	0.15%	0.03%
CDNS	B	0.29%	0.3%	0.29%
CDW	F	0.19%	0.09%	0.09%
CE	F	0.01%	0.03%	0.01%
CHD	B	0.14%	0.1%	0.1%
CHRW	C	0.02%	0.04%	0.02%
CI	F	0.24%	0.31%	0.24%
CLX	B	0.01%	0.08%	0.01%
CMCSA	B	0.42%	0.34%	0.34%
CME	A	0.23%	0.31%	0.23%
CMG	B	0.22%	0.3%	0.22%
CMI	A	0.17%	0.11%	0.11%
CNH	C	0.03%	0.03%	0.03%
CNP	B	0.02%	0.07%	0.02%
COF	B	0.17%	0.25%	0.17%
COP	C	0.17%	0.75%	0.17%
COR	B	0.35%	0.15%	0.15%
COST	B	1.31%	0.57%	0.57%
CPB	D	0.12%	0.03%	0.03%
CPRT	A	0.14%	0.17%	0.14%
CRM	B	0.12%	0.33%	0.12%
CSCO	B	1.34%	0.77%	0.77%
CSGP	D	0.01%	0.11%	0.01%
CSL	C	0.01%	0.07%	0.01%
CTAS	B	0.23%	0.28%	0.23%
CVS	D	0.29%	0.27%	0.27%
CVX	A	0.55%	0.27%	0.27%
DAY	B	0.0%	0.04%	0.0%
DDOG	A	0.0%	0.15%	0.0%
DE	A	0.1%	0.35%	0.1%
DECK	A	0.09%	0.1%	0.09%
DFS	B	0.07%	0.16%	0.07%
DHI	D	0.19%	0.18%	0.18%
DHR	F	0.09%	0.2%	0.09%
DIS	B	0.17%	0.18%	0.17%
DLR	B	0.04%	0.02%	0.02%
DOV	A	0.02%	0.1%	0.02%
DUK	C	0.6%	0.02%	0.02%
DXCM	D	0.0%	0.11%	0.0%
EA	A	0.31%	0.17%	0.17%
EBAY	D	0.02%	0.11%	0.02%
ECL	D	0.02%	0.23%	0.02%
ED	D	0.42%	0.13%	0.13%
EFX	F	0.01%	0.11%	0.01%
EG	C	0.18%	0.06%	0.06%
EIX	B	0.04%	0.14%	0.04%
EL	F	0.01%	0.06%	0.01%
ELS	C	0.0%	0.03%	0.0%
ELV	F	0.29%	0.32%	0.29%
EMR	A	0.05%	0.28%	0.05%
ENPH	F	0.02%	0.06%	0.02%
EOG	A	0.15%	0.13%	0.13%
EPAM	C	0.04%	0.06%	0.04%
ES	D	0.03%	0.16%	0.03%
ESS	B	0.01%	0.07%	0.01%
EW	C	0.12%	0.15%	0.12%
EXC	C	0.06%	0.15%	0.06%
EXPD	D	0.06%	0.06%	0.06%
EXPE	B	0.02%	0.08%	0.02%
EXR	D	0.02%	0.13%	0.02%
FANG	D	0.22%	0.24%	0.22%
FE	C	0.02%	0.03%	0.02%
FI	A	0.31%	0.47%	0.31%
FIS	C	0.03%	0.18%	0.03%
FOXA	B	0.02%	0.05%	0.02%
FSLR	F	0.03%	0.15%	0.03%
FTNT	C	0.01%	0.22%	0.01%
GEN	B	0.13%	0.06%	0.06%
GGG	B	0.05%	0.05%	0.05%
GILD	C	0.43%	0.41%	0.41%
GIS	D	0.25%	0.13%	0.13%
GOOGL	C	1.2%	3.05%	1.2%
GPC	D	0.02%	0.03%	0.02%
GPN	B	0.04%	0.11%	0.04%
GS	A	0.3%	0.68%	0.3%
GWW	B	0.2%	0.19%	0.19%
HAL	C	0.03%	0.2%	0.03%
HD	A	0.35%	1.04%	0.35%
HES	B	0.02%	0.03%	0.02%
HIG	B	0.09%	0.1%	0.09%
HLT	A	0.01%	0.15%	0.01%
HOLX	D	0.07%	0.07%	0.07%
HOOD	B	0.01%	0.09%	0.01%
HSY	F	0.18%	0.09%	0.09%
HUBB	B	0.07%	0.09%	0.07%
HUBS	A	0.08%	0.13%	0.08%
IBM	C	0.67%	0.55%	0.55%
ICE	C	0.14%	0.33%	0.14%
IDXX	F	0.12%	0.13%	0.12%
IEX	B	0.05%	0.06%	0.05%
IFF	D	0.02%	0.09%	0.02%
INCY	C	0.2%	0.04%	0.04%
INTC	D	0.18%	0.04%	0.04%
INTU	C	0.04%	0.62%	0.04%
IPG	D	0.01%	0.04%	0.01%
IQV	D	0.02%	0.13%	0.02%
IR	B	0.02%	0.16%	0.02%
ISRG	A	0.04%	0.68%	0.04%
IT	C	0.13%	0.15%	0.13%
ITW	B	0.27%	0.3%	0.27%
JKHY	D	0.04%	0.04%	0.04%
JNJ	D	1.64%	0.69%	0.69%
K	A	0.29%	0.07%	0.07%
KDP	D	0.23%	0.13%	0.13%
KEYS	A	0.26%	0.11%	0.11%
KHC	F	0.18%	0.09%	0.09%
KIM	A	0.02%	0.06%	0.02%
KKR	A	0.04%	0.35%	0.04%
KLAC	D	0.29%	0.31%	0.29%
KMB	D	0.1%	0.15%	0.1%
KMX	B	0.03%	0.04%	0.03%
KR	B	0.31%	0.12%	0.12%
LEN	D	0.06%	0.16%	0.06%
LII	A	0.01%	0.07%	0.01%
LIN	D	0.15%	0.67%	0.15%
LLY	F	1.92%	1.36%	1.36%
LOW	D	0.13%	0.09%	0.09%
LPLA	A	0.07%	0.08%	0.07%
LRCX	F	0.3%	0.06%	0.06%
LULU	C	0.12%	0.14%	0.12%
LW	C	0.03%	0.04%	0.03%
LYV	A	0.01%	0.07%	0.01%
MA	C	1.69%	1.13%	1.13%
MAR	B	0.02%	0.19%	0.02%
MAS	D	0.01%	0.06%	0.01%
MCD	D	0.5%	0.67%	0.5%
MCK	B	0.61%	0.3%	0.3%
MCO	B	0.21%	0.28%	0.21%
MDB	C	0.0%	0.07%	0.0%
MDT	D	0.15%	0.03%	0.03%
MET	A	0.09%	0.18%	0.09%
META	D	2.32%	1.93%	1.93%
MKC	D	0.01%	0.07%	0.01%
MKTX	D	0.03%	0.04%	0.03%
MMC	B	0.69%	0.02%	0.02%
MNST	C	0.12%	0.14%	0.12%
MRK	F	0.46%	0.32%	0.32%
MRNA	F	0.01%	0.04%	0.01%
MRVL	B	0.02%	0.29%	0.02%
MS	A	0.21%	0.57%	0.21%
MSCI	C	0.01%	0.17%	0.01%
MSFT	F	2.7%	5.59%	2.7%
MSI	B	0.63%	0.3%	0.3%
MTCH	D	0.01%	0.02%	0.01%
MTD	D	0.01%	0.1%	0.01%
MU	D	0.07%	0.08%	0.07%
NDAQ	A	0.02%	0.11%	0.02%
NDSN	B	0.01%	0.05%	0.01%
NEE	D	0.1%	0.56%	0.1%
NEM	D	0.18%	0.17%	0.17%
NET	B	0.0%	0.11%	0.0%
NFLX	A	0.14%	1.07%	0.14%
NI	A	0.02%	0.06%	0.02%
NKE	D	0.28%	0.33%	0.28%
NOW	A	0.27%	0.73%	0.27%
NVDA	C	2.76%	6.75%	2.76%
O	D	0.04%	0.18%	0.04%
OKE	A	0.05%	0.48%	0.05%
OKTA	C	0.0%	0.03%	0.0%
OMC	C	0.07%	0.07%	0.07%
ORCL	B	0.53%	0.33%	0.33%
OTIS	C	0.04%	0.15%	0.04%
PANW	C	0.32%	0.45%	0.32%
PAYX	C	0.16%	0.17%	0.16%
PCAR	B	0.06%	0.21%	0.06%
PEG	A	0.04%	0.17%	0.04%
PFE	D	0.33%	0.11%	0.11%
PGR	A	0.65%	0.56%	0.56%
PH	A	0.04%	0.34%	0.04%
PHM	D	0.11%	0.1%	0.1%
PINS	D	0.0%	0.06%	0.0%
PLD	D	0.08%	0.4%	0.08%
PLTR	B	0.01%	0.47%	0.01%
PODD	C	0.0%	0.07%	0.0%
POOL	C	0.04%	0.05%	0.04%
PRU	A	0.08%	0.17%	0.08%
PSA	D	0.14%	0.2%	0.14%
PSTG	D	0.0%	0.05%	0.0%
PTC	A	0.18%	0.08%	0.08%
PYPL	B	0.08%	0.32%	0.08%
QCOM	F	0.55%	0.19%	0.19%
REG	B	0.01%	0.05%	0.01%
REGN	F	0.25%	0.29%	0.25%
RMD	C	0.09%	0.13%	0.09%
ROK	B	0.1%	0.13%	0.1%
ROP	B	0.46%	0.22%	0.22%
ROST	C	0.03%	0.06%	0.03%
RSG	A	0.54%	0.16%	0.16%
SBAC	D	0.01%	0.09%	0.01%
SBUX	A	0.06%	0.02%	0.02%
SCHW	B	0.07%	0.45%	0.07%
SHW	A	0.26%	0.12%	0.12%
SJM	D	0.02%	0.04%	0.02%
SLB	C	0.05%	0.46%	0.05%
SMCI	F	0.03%	0.05%	0.03%
SNA	A	0.06%	0.07%	0.06%
SNPS	B	0.28%	0.3%	0.28%
SPG	B	0.03%	0.22%	0.03%
SPGI	C	0.07%	0.56%	0.07%
SQ	B	0.03%	0.19%	0.03%
SRE	A	0.06%	0.2%	0.06%
STZ	D	0.02%	0.13%	0.02%
SYF	B	0.06%	0.1%	0.06%
SYK	C	0.05%	0.52%	0.05%
SYY	B	0.05%	0.12%	0.05%
T	A	0.69%	0.17%	0.17%
TAP	C	0.02%	0.03%	0.02%
TDY	B	0.21%	0.08%	0.08%
TEAM	A	0.0%	0.14%	0.0%
TJX	A	0.56%	0.05%	0.05%
TMO	F	0.1%	0.21%	0.1%
TOST	B	0.0%	0.07%	0.0%
TRGP	B	0.03%	0.33%	0.03%
TRMB	B	0.01%	0.06%	0.01%
TRU	D	0.01%	0.07%	0.01%
TRV	B	0.47%	0.22%	0.22%
TSCO	D	0.09%	0.11%	0.09%
TSLA	B	0.28%	2.19%	0.28%
TSN	B	0.3%	0.06%	0.06%
TT	A	0.26%	0.31%	0.26%
TTWO	A	0.01%	0.12%	0.01%
TW	A	0.07%	0.05%	0.05%
TWLO	A	0.01%	0.07%	0.01%
TXN	C	1.06%	0.15%	0.15%
TYL	B	0.01%	0.1%	0.01%
UBER	D	0.18%	0.48%	0.18%
UDR	B	0.01%	0.05%	0.01%
ULTA	F	0.08%	0.06%	0.06%
UNH	C	2.21%	1.18%	1.18%
UNP	C	0.08%	0.09%	0.08%
URI	B	0.04%	0.2%	0.04%
V	A	1.91%	1.21%	1.21%
VEEV	C	0.08%	0.12%	0.08%
VLTO	D	0.08%	0.1%	0.08%
VRSK	A	0.15%	0.3%	0.15%
VRTX	F	0.57%	0.43%	0.43%
VZ	C	0.81%	0.15%	0.15%
WAB	B	0.02%	0.13%	0.02%
WAT	B	0.07%	0.08%	0.07%
WBA	F	0.06%	0.02%	0.02%
WFC	A	0.5%	0.25%	0.25%
WM	A	0.52%	0.33%	0.33%
WMB	A	0.15%	0.52%	0.15%
WMT	A	0.94%	0.5%	0.5%
WPC	D	0.01%	0.04%	0.01%
WRB	A	0.12%	0.07%	0.07%
WSM	B	0.06%	0.09%	0.06%
WTRG	B	0.01%	0.04%	0.01%
XYL	D	0.01%	0.11%	0.01%
YUM	B	0.19%	0.14%	0.14%
Z	A	0.01%	0.06%	0.01%
ZBRA	B	0.01%	0.07%	0.01%
ZS	C	0.0%	0.03%	0.0%

QUS Overweight 273 Positions Relative to JCTR

Symbol	Grade	Weight
GOOG	C	1.12%
JPM	A	1.06%
PEP	F	1.01%
KO	D	0.81%
XOM	B	0.81%
TMUS	B	0.78%
LMT	D	0.72%
APH	A	0.71%
PG	A	0.59%
NOC	D	0.55%
SO	D	0.54%
HON	B	0.53%
WCN	A	0.53%
CTSH	B	0.39%
GDDY	A	0.34%
FCNCA	A	0.34%
BMY	B	0.34%
GM	B	0.32%
MPC	D	0.32%
WEC	A	0.29%
MMM	D	0.28%
ORLY	B	0.26%
ZTS	D	0.25%
BDX	F	0.24%
FFIV	B	0.23%
MDLZ	F	0.22%
VRSN	F	0.22%
HUM	C	0.2%
FICO	B	0.2%
GRMN	B	0.2%
XEL	A	0.2%
AEP	D	0.19%
RTX	C	0.18%
CL	D	0.17%
JNPR	F	0.17%
PNC	B	0.17%
ERIE	D	0.17%
ROL	B	0.17%
TFC	A	0.16%
WTW	B	0.16%
NTAP	C	0.16%
USB	A	0.16%
F	C	0.16%
CTVA	C	0.16%
VLO	C	0.15%
MKL	A	0.15%
AFG	A	0.15%
WDAY	B	0.15%
FAST	B	0.15%
D	C	0.14%
GLW	B	0.14%
AKAM	D	0.14%
PSX	C	0.14%
MOH	F	0.13%
ODFL	B	0.13%
CAH	B	0.12%
FDX	B	0.12%
L	A	0.12%
AIZ	A	0.12%
NVR	D	0.11%
GE	D	0.11%
NBIX	C	0.11%
AEE	A	0.11%
PM	B	0.11%
UPS	C	0.11%
WBD	C	0.11%
DTE	C	0.1%
MCHP	D	0.1%
OXY	D	0.1%
UTHR	C	0.1%
TGT	F	0.1%
PKG	A	0.09%
TPL	A	0.09%
CMS	C	0.09%
CHTR	C	0.09%
BK	A	0.09%
TROW	B	0.09%
BBY	D	0.09%
EME	C	0.08%
HRL	D	0.08%
BLDR	D	0.08%
BMRN	D	0.08%
MTB	A	0.08%
CNC	D	0.08%
MO	A	0.07%
STX	D	0.07%
MANH	D	0.07%
DPZ	C	0.07%
KMI	A	0.07%
CFG	B	0.07%
GD	F	0.07%
HPQ	B	0.07%
MELI	D	0.07%
NUE	C	0.07%
MPWR	F	0.07%
SOLV	C	0.06%
WSO	A	0.06%
HBAN	A	0.06%
STT	A	0.06%
PCG	A	0.06%
DGX	A	0.06%
RF	A	0.06%
DOW	F	0.06%
DELL	C	0.06%
HCA	F	0.06%
FITB	A	0.06%
HPE	B	0.06%
ALL	A	0.06%
CRWD	B	0.06%
WST	C	0.06%
GEV	B	0.05%
APD	A	0.05%
APA	D	0.05%
ETR	B	0.05%
SWKS	F	0.05%
LNT	A	0.05%
ETN	A	0.05%
JBHT	C	0.05%
FDS	B	0.05%
NSC	B	0.05%
JCI	C	0.05%
VTRS	A	0.05%
CSX	B	0.05%
LNG	B	0.05%
WELL	A	0.04%
MRO	B	0.04%
VICI	C	0.04%
KNX	B	0.04%
IP	B	0.04%
AMP	A	0.04%
DD	D	0.04%
ATO	A	0.04%
STLD	B	0.04%
KVUE	A	0.04%
FCX	D	0.04%
BKR	B	0.04%
LHX	C	0.04%
KEY	B	0.04%
DVN	F	0.04%
TER	D	0.04%
LYB	F	0.04%
PPL	B	0.03%
RS	B	0.03%
TTC	D	0.03%
SW	A	0.03%
NXPI	D	0.03%
NRG	B	0.03%
AOS	F	0.03%
EQT	B	0.03%
PARA	C	0.03%
BR	A	0.03%
GEHC	F	0.03%
WY	D	0.03%
JBL	B	0.03%
CF	B	0.03%
SEIC	B	0.03%
OVV	B	0.03%
CEG	D	0.03%
LH	C	0.03%
MOS	F	0.03%
NTRS	A	0.03%
CTRA	B	0.03%
PFG	D	0.03%
RJF	A	0.03%
CINF	A	0.03%
PAYC	B	0.03%
DRI	B	0.02%
APP	B	0.02%
SSNC	B	0.02%
CPAY	A	0.02%
CCK	C	0.02%
BALL	D	0.02%
LKQ	D	0.02%
LDOS	C	0.02%
VMC	B	0.02%
AMCR	D	0.02%
DLTR	F	0.02%
EMN	D	0.02%
WDC	D	0.02%
MLM	B	0.02%
VTR	C	0.02%
FTV	C	0.02%
ARE	D	0.02%
UHS	D	0.02%
EQH	B	0.02%
J	F	0.02%
EQR	B	0.02%
TXT	D	0.02%
APTV	D	0.02%
OC	A	0.02%
FNF	B	0.02%
CRBG	B	0.02%
DG	F	0.02%
EVRG	A	0.02%
VST	B	0.02%
SWK	D	0.02%
PWR	A	0.02%
ON	D	0.02%
BIIB	F	0.02%
ZBH	C	0.02%
BAX	D	0.02%
BA	F	0.02%
EQIX	A	0.02%
DINO	D	0.02%
PPG	F	0.02%
TTD	B	0.01%
ENTG	D	0.01%
RIVN	F	0.01%
BIO	D	0.01%
LUV	C	0.01%
ALGN	D	0.01%
QRVO	F	0.01%
LVS	C	0.01%
TFX	F	0.01%
VRT	B	0.01%
ILMN	D	0.01%
UHAL	D	0.01%
WLK	D	0.01%
CRL	C	0.01%
CTLT	B	0.01%
RPRX	D	0.01%
MGM	D	0.01%
TDG	D	0.01%
DASH	A	0.01%
CPT	B	0.01%
DVA	B	0.01%
GLPI	C	0.01%
HII	D	0.01%
FBIN	D	0.01%
HST	C	0.01%
AVTR	F	0.01%
FOX	A	0.01%
IRM	D	0.01%
PNR	A	0.01%
RPM	A	0.01%
NWSA	B	0.01%
RCL	A	0.01%
SUI	D	0.01%
BEN	C	0.01%
STE	F	0.01%
AES	F	0.01%
HSIC	B	0.01%
INVH	D	0.01%
BURL	A	0.01%
MAA	B	0.01%
DOC	D	0.01%
COIN	C	0.01%
DAL	C	0.01%
CCL	B	0.01%
HWM	A	0.01%
CHRD	D	0.01%
DKS	C	0.01%
BRO	B	0.01%
CG	A	0.01%
ZM	B	0.01%
RVTY	F	0.01%
CELH	F	0.0%
IOT	A	0.0%
RBLX	C	0.0%
DKNG	B	0.0%
SNAP	C	0.0%
H	B	0.0%
DT	C	0.0%
WYNN	D	0.0%
DOCU	A	0.0%
EXAS	D	0.0%
HEI	B	0.0%
ROKU	D	0.0%
SNOW	C	0.0%
MSTR	C	0.0%
HEI	B	0.0%
TECH	D	0.0%
AXON	A	0.0%

QUS Underweight 118 Positions Relative to JCTR

Symbol	Grade	Weight
SPOT	B	-0.23%
NU	C	-0.16%
AR	B	-0.08%
NTRA	B	-0.07%
IBKR	A	-0.07%
RGA	A	-0.06%
GWRE	A	-0.06%
RBA	A	-0.06%
CLH	B	-0.05%
CASY	A	-0.05%
AFRM	B	-0.05%
USFD	A	-0.05%
RNR	C	-0.05%
JEF	A	-0.05%
AYI	B	-0.04%
CUBE	D	-0.04%
SSD	D	-0.04%
PCTY	B	-0.04%
TPR	B	-0.04%
MTZ	B	-0.04%
WFRD	D	-0.04%
GME	C	-0.04%
OHI	C	-0.04%
FND	C	-0.04%
NVT	B	-0.04%
FRT	B	-0.04%
JLL	D	-0.04%
TTEK	F	-0.04%
FLS	B	-0.04%
PRI	A	-0.04%
PFGC	B	-0.04%
LAD	A	-0.04%
GLOB	B	-0.04%
GNRC	B	-0.04%
BRX	A	-0.03%
CFLT	B	-0.03%
FMC	D	-0.03%
G	B	-0.03%
WEX	D	-0.03%
VFC	C	-0.03%
ESI	A	-0.03%
CIEN	B	-0.03%
RGEN	D	-0.03%
LSCC	D	-0.03%
INGR	B	-0.03%
RHI	B	-0.03%
MORN	B	-0.03%
ONTO	D	-0.03%
REXR	F	-0.03%
WCC	B	-0.03%
HAS	D	-0.03%
SCCO	F	-0.03%
YETI	C	-0.02%
HUN	F	-0.02%
LSTR	D	-0.02%
CWEN	C	-0.02%
FLO	D	-0.02%
COTY	F	-0.02%
WEN	D	-0.02%
CGNX	C	-0.02%
STAG	F	-0.02%
W	F	-0.02%
POST	C	-0.02%
HAYW	B	-0.02%
PAG	B	-0.02%
AGNC	D	-0.02%
WHR	B	-0.02%
RYN	D	-0.02%
U	C	-0.02%
DV	C	-0.02%
WU	D	-0.02%
XP	F	-0.02%
STWD	C	-0.02%
ASH	D	-0.02%
MKSI	C	-0.02%
ETSY	D	-0.02%
MIDD	C	-0.02%
VVV	F	-0.02%
AMG	B	-0.02%
PLNT	A	-0.02%
NFG	A	-0.02%
SLM	A	-0.02%
FCN	D	-0.02%
AXS	A	-0.02%
RL	B	-0.02%
OLED	D	-0.02%
FRPT	B	-0.02%
DLB	B	-0.02%
MSA	D	-0.02%
SKX	D	-0.02%
LYFT	C	-0.02%
PATH	C	-0.02%
UGI	A	-0.02%
AL	B	-0.02%
CROX	D	-0.02%
SIRI	C	-0.01%
NFE	D	-0.01%
PEGA	A	-0.01%
CHH	A	-0.01%
AGR	B	-0.01%
TPG	A	-0.01%
CERT	F	-0.01%
DNB	B	-0.01%
GNTX	C	-0.01%
CPRI	F	-0.01%
HXL	D	-0.01%
COLM	B	-0.01%
MAN	D	-0.01%
IONS	F	-0.01%
ELF	C	-0.01%
ENOV	C	-0.01%
IRDM	D	-0.01%
ZI	D	-0.01%
VNT	B	-0.01%
BHF	B	-0.0%
PINC	B	-0.0%
MPW	F	-0.0%
SMG	D	-0.0%