QUS vs. JUST ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

16,662

Number of Holdings ^*

456

* may have additional holdings in another (foreign) market

Performance

Period	QUS	JUST
30 Days	2.25%	2.45%
60 Days	3.15%	4.36%
90 Days	4.45%	5.67%
12 Months	29.35%	31.80%

352 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in JUST	Overlap
A	D	0.11%	0.08%	0.08%
AAPL	C	3.24%	7.25%	3.24%
ABBV	D	0.49%	0.67%	0.49%
ABNB	C	0.02%	0.16%	0.02%
ABT	B	0.16%	0.45%	0.16%
ACGL	D	0.38%	0.1%	0.1%
ACM	A	0.01%	0.04%	0.01%
ACN	C	1.18%	0.58%	0.58%
ADBE	C	0.71%	0.51%	0.51%
ADI	D	0.14%	0.23%	0.14%
ADM	D	0.08%	0.07%	0.07%
ADP	B	0.54%	0.31%	0.31%
ADSK	A	0.16%	0.14%	0.14%
AEE	A	0.11%	0.07%	0.07%
AEP	D	0.19%	0.14%	0.14%
AES	F	0.01%	0.03%	0.01%
AFL	B	0.22%	0.18%	0.18%
AIG	B	0.12%	0.14%	0.12%
AIZ	A	0.12%	0.03%	0.03%
AKAM	D	0.14%	0.03%	0.03%
ALB	C	0.02%	0.03%	0.02%
ALL	A	0.06%	0.15%	0.06%
ALLY	C	0.03%	0.03%	0.03%
ALNY	D	0.07%	0.07%	0.07%
AMAT	F	0.48%	0.34%	0.34%
AMD	F	0.06%	0.49%	0.06%
AME	A	0.02%	0.11%	0.02%
AMGN	D	0.27%	0.35%	0.27%
AMP	A	0.04%	0.16%	0.04%
AMT	D	0.04%	0.31%	0.04%
AMZN	C	0.69%	4.89%	0.69%
ANSS	B	0.01%	0.07%	0.01%
AON	A	0.21%	0.21%	0.21%
APA	D	0.05%	0.02%	0.02%
APD	A	0.05%	0.18%	0.05%
APTV	D	0.02%	0.04%	0.02%
AVB	B	0.02%	0.11%	0.02%
AVGO	D	0.58%	1.69%	0.58%
AVTR	F	0.01%	0.03%	0.01%
AWK	D	0.02%	0.07%	0.02%
AXP	A	0.11%	0.41%	0.11%
BA	F	0.02%	0.24%	0.02%
BAC	A	0.69%	0.9%	0.69%
BAH	F	0.2%	0.05%	0.05%
BALL	D	0.02%	0.05%	0.02%
BAX	D	0.02%	0.04%	0.02%
BBWI	D	0.01%	0.02%	0.01%
BBY	D	0.09%	0.05%	0.05%
BDX	F	0.24%	0.15%	0.15%
BG	F	0.05%	0.03%	0.03%
BIIB	F	0.02%	0.05%	0.02%
BK	A	0.09%	0.17%	0.09%
BKNG	A	0.04%	0.45%	0.04%
BKR	B	0.04%	0.1%	0.04%
BLK	C	0.46%	0.45%	0.45%
BMY	B	0.34%	0.27%	0.27%
BR	A	0.03%	0.08%	0.03%
BSX	B	0.04%	0.29%	0.04%
BXP	D	0.01%	0.04%	0.01%
C	A	0.45%	0.38%	0.38%
CAH	B	0.12%	0.07%	0.07%
CARR	D	0.04%	0.16%	0.04%
CAT	B	0.63%	0.48%	0.48%
CBOE	B	0.29%	0.06%	0.06%
CBRE	B	0.05%	0.14%	0.05%
CCI	D	0.03%	0.15%	0.03%
CDNS	B	0.29%	0.18%	0.18%
CE	F	0.01%	0.02%	0.01%
CEG	D	0.03%	0.2%	0.03%
CF	B	0.03%	0.04%	0.03%
CHRW	C	0.02%	0.03%	0.02%
CHTR	C	0.09%	0.08%	0.08%
CI	F	0.24%	0.2%	0.2%
CL	D	0.17%	0.19%	0.17%
CLX	B	0.01%	0.05%	0.01%
CMCSA	B	0.42%	0.37%	0.37%
CME	A	0.23%	0.23%	0.23%
CMG	B	0.22%	0.22%	0.22%
CMI	A	0.17%	0.13%	0.13%
CNC	D	0.08%	0.07%	0.07%
CNH	C	0.03%	0.03%	0.03%
CNP	B	0.02%	0.05%	0.02%
COF	B	0.17%	0.17%	0.17%
COP	C	0.17%	0.31%	0.17%
COR	B	0.35%	0.1%	0.1%
COST	B	1.31%	1.09%	1.09%
CPB	D	0.12%	0.02%	0.02%
CPRT	A	0.14%	0.13%	0.13%
CRM	B	0.12%	0.68%	0.12%
CSCO	B	1.34%	0.52%	0.52%
CSGP	D	0.01%	0.1%	0.01%
CSL	C	0.01%	0.05%	0.01%
CSX	B	0.05%	0.18%	0.05%
CTSH	B	0.39%	0.09%	0.09%
CVS	D	0.29%	0.18%	0.18%
CVX	A	0.55%	0.67%	0.55%
D	C	0.14%	0.13%	0.13%
DAL	C	0.01%	0.11%	0.01%
DAY	B	0.0%	0.03%	0.0%
DD	D	0.04%	0.09%	0.04%
DE	A	0.1%	0.25%	0.1%
DECK	A	0.09%	0.07%	0.07%
DFS	B	0.07%	0.12%	0.07%
DGX	A	0.06%	0.04%	0.04%
DHR	F	0.09%	0.35%	0.09%
DINO	D	0.02%	0.01%	0.01%
DIS	B	0.17%	0.53%	0.17%
DKS	C	0.01%	0.03%	0.01%
DLR	B	0.04%	0.2%	0.04%
DOCU	A	0.0%	0.04%	0.0%
DOW	F	0.06%	0.08%	0.06%
DUK	C	0.6%	0.24%	0.24%
DVA	B	0.01%	0.02%	0.01%
DVN	F	0.04%	0.06%	0.04%
DXCM	D	0.0%	0.07%	0.0%
EA	A	0.31%	0.12%	0.12%
EBAY	D	0.02%	0.08%	0.02%
ECL	D	0.02%	0.16%	0.02%
EIX	B	0.04%	0.09%	0.04%
EL	F	0.01%	0.04%	0.01%
ELV	F	0.29%	0.21%	0.21%
EMN	D	0.02%	0.03%	0.02%
EMR	A	0.05%	0.18%	0.05%
EQH	B	0.02%	0.05%	0.02%
EQIX	A	0.02%	0.29%	0.02%
EQR	B	0.02%	0.09%	0.02%
ES	D	0.03%	0.06%	0.03%
ESS	B	0.01%	0.07%	0.01%
ETN	A	0.05%	0.37%	0.05%
ETR	B	0.05%	0.09%	0.05%
EW	C	0.12%	0.09%	0.09%
EXC	C	0.06%	0.11%	0.06%
EXPE	B	0.02%	0.06%	0.02%
F	C	0.16%	0.11%	0.11%
FBIN	D	0.01%	0.02%	0.01%
FCX	D	0.04%	0.16%	0.04%
FDX	B	0.12%	0.17%	0.12%
FFIV	B	0.23%	0.03%	0.03%
FI	A	0.31%	0.31%	0.31%
FITB	A	0.06%	0.09%	0.06%
FOX	A	0.01%	0.02%	0.01%
FOXA	B	0.02%	0.03%	0.02%
FSLR	F	0.03%	0.05%	0.03%
FTNT	C	0.01%	0.13%	0.01%
FTV	C	0.02%	0.07%	0.02%
GDDY	A	0.34%	0.06%	0.06%
GE	D	0.11%	0.5%	0.11%
GEN	B	0.13%	0.04%	0.04%
GEV	B	0.05%	0.23%	0.05%
GILD	C	0.43%	0.26%	0.26%
GIS	D	0.25%	0.09%	0.09%
GLW	B	0.14%	0.08%	0.08%
GM	B	0.32%	0.17%	0.17%
GOOG	C	1.12%	1.91%	1.12%
GOOGL	C	1.2%	2.25%	1.2%
GRMN	B	0.2%	0.09%	0.09%
GS	A	0.3%	0.54%	0.3%
H	B	0.0%	0.02%	0.0%
HAL	C	0.03%	0.06%	0.03%
HBAN	A	0.06%	0.07%	0.06%
HCA	F	0.06%	0.15%	0.06%
HD	A	0.35%	1.07%	0.35%
HES	B	0.02%	0.1%	0.02%
HIG	B	0.09%	0.1%	0.09%
HLT	A	0.01%	0.16%	0.01%
HOLX	D	0.07%	0.04%	0.04%
HON	B	0.53%	0.38%	0.38%
HPE	B	0.06%	0.06%	0.06%
HPQ	B	0.07%	0.08%	0.07%
HRL	D	0.08%	0.02%	0.02%
HSIC	B	0.01%	0.02%	0.01%
HSY	F	0.18%	0.07%	0.07%
HUM	C	0.2%	0.08%	0.08%
IBM	C	0.67%	0.42%	0.42%
ICE	C	0.14%	0.25%	0.14%
IDXX	F	0.12%	0.08%	0.08%
IEX	B	0.05%	0.05%	0.05%
IFF	D	0.02%	0.06%	0.02%
ILMN	D	0.01%	0.05%	0.01%
INCY	C	0.2%	0.03%	0.03%
INTC	D	0.18%	0.23%	0.18%
INTU	C	0.04%	0.41%	0.04%
IPG	D	0.01%	0.03%	0.01%
IQV	D	0.02%	0.08%	0.02%
IR	B	0.02%	0.11%	0.02%
IRM	D	0.01%	0.11%	0.01%
ISRG	A	0.04%	0.43%	0.04%
IT	C	0.13%	0.09%	0.09%
J	F	0.02%	0.05%	0.02%
JCI	C	0.05%	0.15%	0.05%
JNPR	F	0.17%	0.03%	0.03%
JPM	A	1.06%	2.01%	1.06%
K	A	0.29%	0.06%	0.06%
KDP	D	0.23%	0.1%	0.1%
KEY	B	0.04%	0.05%	0.04%
KEYS	A	0.26%	0.07%	0.07%
KIM	A	0.02%	0.06%	0.02%
KMB	D	0.1%	0.11%	0.1%
KMI	A	0.07%	0.12%	0.07%
KMX	B	0.03%	0.03%	0.03%
KO	D	0.81%	0.62%	0.62%
LDOS	C	0.02%	0.05%	0.02%
LH	C	0.03%	0.05%	0.03%
LHX	C	0.04%	0.12%	0.04%
LII	A	0.01%	0.05%	0.01%
LIN	D	0.15%	0.57%	0.15%
LLY	F	1.92%	1.41%	1.41%
LMT	D	0.72%	0.29%	0.29%
LNG	B	0.05%	0.11%	0.05%
LOW	D	0.13%	0.41%	0.13%
LPLA	A	0.07%	0.07%	0.07%
LRCX	F	0.3%	0.21%	0.21%
LULU	C	0.12%	0.11%	0.11%
LUV	C	0.01%	0.05%	0.01%
LVS	C	0.01%	0.05%	0.01%
LYB	F	0.04%	0.05%	0.04%
MA	C	1.69%	1.1%	1.1%
MAR	B	0.02%	0.17%	0.02%
MAS	D	0.01%	0.04%	0.01%
MCK	B	0.61%	0.2%	0.2%
MCO	B	0.21%	0.22%	0.21%
MDB	C	0.0%	0.04%	0.0%
MDLZ	F	0.22%	0.22%	0.22%
MDT	D	0.15%	0.25%	0.15%
MET	A	0.09%	0.14%	0.09%
MGM	D	0.01%	0.02%	0.01%
MKC	D	0.01%	0.05%	0.01%
MKTX	D	0.03%	0.03%	0.03%
MLM	B	0.02%	0.09%	0.02%
MMC	B	0.69%	0.32%	0.32%
MMM	D	0.28%	0.19%	0.19%
MOS	F	0.03%	0.02%	0.02%
MPC	D	0.32%	0.13%	0.13%
MPWR	F	0.07%	0.06%	0.06%
MRK	F	0.46%	0.56%	0.46%
MRNA	F	0.01%	0.03%	0.01%
MRVL	B	0.02%	0.17%	0.02%
MS	A	0.21%	0.45%	0.21%
MSCI	C	0.01%	0.13%	0.01%
MSFT	F	2.7%	6.93%	2.7%
MTB	A	0.08%	0.1%	0.08%
MTCH	D	0.01%	0.02%	0.01%
MU	D	0.07%	0.24%	0.07%
NDAQ	A	0.02%	0.09%	0.02%
NDSN	B	0.01%	0.04%	0.01%
NEE	D	0.1%	0.43%	0.1%
NEM	D	0.18%	0.12%	0.12%
NET	B	0.0%	0.06%	0.0%
NKE	D	0.28%	0.24%	0.24%
NOC	D	0.55%	0.18%	0.18%
NOW	A	0.27%	0.46%	0.27%
NRG	B	0.03%	0.05%	0.03%
NTAP	C	0.16%	0.06%	0.06%
NVDA	C	2.76%	7.5%	2.76%
NWSA	B	0.01%	0.03%	0.01%
OC	A	0.02%	0.05%	0.02%
OKE	A	0.05%	0.15%	0.05%
OKTA	C	0.0%	0.03%	0.0%
OMC	C	0.07%	0.05%	0.05%
ON	D	0.02%	0.06%	0.02%
OTIS	C	0.04%	0.1%	0.04%
OXY	D	0.1%	0.08%	0.08%
PANW	C	0.32%	0.26%	0.26%
PARA	C	0.03%	0.02%	0.02%
PEG	A	0.04%	0.12%	0.04%
PEP	F	1.01%	0.58%	0.58%
PFE	D	0.33%	0.33%	0.33%
PFG	D	0.03%	0.06%	0.03%
PG	A	0.59%	1.0%	0.59%
PGR	A	0.65%	0.44%	0.44%
PLD	D	0.08%	0.36%	0.08%
PNC	B	0.17%	0.24%	0.17%
PNR	A	0.01%	0.04%	0.01%
PPG	F	0.02%	0.07%	0.02%
PPL	B	0.03%	0.07%	0.03%
PRU	A	0.08%	0.13%	0.08%
PWR	A	0.02%	0.12%	0.02%
PYPL	B	0.08%	0.22%	0.08%
QCOM	F	0.55%	0.4%	0.4%
RCL	A	0.01%	0.15%	0.01%
REGN	F	0.25%	0.18%	0.18%
RF	A	0.06%	0.07%	0.06%
RMD	C	0.09%	0.07%	0.07%
ROK	B	0.1%	0.08%	0.08%
RTX	C	0.18%	0.4%	0.18%
SBAC	D	0.01%	0.08%	0.01%
SBUX	A	0.06%	0.3%	0.06%
SCHW	B	0.07%	0.35%	0.07%
SHW	A	0.26%	0.23%	0.23%
SNPS	B	0.28%	0.18%	0.18%
SOLV	C	0.06%	0.02%	0.02%
SPGI	C	0.07%	0.46%	0.07%
SRE	A	0.06%	0.16%	0.06%
STT	A	0.06%	0.08%	0.06%
SWK	D	0.02%	0.03%	0.02%
SYF	B	0.06%	0.07%	0.06%
SYK	C	0.05%	0.31%	0.05%
SYY	B	0.05%	0.1%	0.05%
T	A	0.69%	0.36%	0.36%
TAP	C	0.02%	0.03%	0.02%
TER	D	0.04%	0.04%	0.04%
TFC	A	0.16%	0.18%	0.16%
TFX	F	0.01%	0.02%	0.01%
TGT	F	0.1%	0.19%	0.1%
TJX	A	0.56%	0.36%	0.36%
TMO	F	0.1%	0.46%	0.1%
TMUS	B	0.78%	0.26%	0.26%
TRU	D	0.01%	0.05%	0.01%
TRV	B	0.47%	0.17%	0.17%
TSCO	D	0.09%	0.08%	0.08%
TSN	B	0.3%	0.05%	0.05%
TT	A	0.26%	0.23%	0.23%
TTWO	A	0.01%	0.08%	0.01%
TW	A	0.07%	0.04%	0.04%
TXN	C	1.06%	0.41%	0.41%
TXT	D	0.02%	0.04%	0.02%
TYL	B	0.01%	0.06%	0.01%
UBER	D	0.18%	0.38%	0.18%
UDR	B	0.01%	0.05%	0.01%
UNH	C	2.21%	1.22%	1.22%
UNP	C	0.08%	0.37%	0.08%
UPS	C	0.11%	0.25%	0.11%
URI	B	0.04%	0.14%	0.04%
USB	A	0.16%	0.23%	0.16%
V	A	1.91%	1.24%	1.24%
VLO	C	0.15%	0.11%	0.11%
VRSK	A	0.15%	0.11%	0.11%
VRTX	F	0.57%	0.28%	0.28%
VST	B	0.02%	0.13%	0.02%
VTR	C	0.02%	0.09%	0.02%
VZ	C	0.81%	0.38%	0.38%
WAB	B	0.02%	0.09%	0.02%
WAT	B	0.07%	0.05%	0.05%
WBA	F	0.06%	0.02%	0.02%
WBD	C	0.11%	0.06%	0.06%
WDAY	B	0.15%	0.13%	0.13%
WDC	D	0.02%	0.04%	0.02%
WM	A	0.52%	0.25%	0.25%
WMB	A	0.15%	0.16%	0.15%
WMT	A	0.94%	0.97%	0.94%
WSM	B	0.06%	0.04%	0.04%
WTW	B	0.16%	0.09%	0.09%
WY	D	0.03%	0.08%	0.03%
XEL	A	0.2%	0.11%	0.11%
XOM	B	0.81%	1.29%	0.81%
XYL	D	0.01%	0.07%	0.01%
Z	A	0.01%	0.04%	0.01%
ZBH	C	0.02%	0.05%	0.02%
ZBRA	B	0.01%	0.05%	0.01%
ZM	B	0.01%	0.05%	0.01%
ZS	C	0.0%	0.04%	0.0%
ZTS	D	0.25%	0.18%	0.18%

QUS Overweight 231 Positions Relative to JUST

Symbol	Grade	Weight
META	D	2.32%
JNJ	D	1.64%
BRK.A	B	1.1%
APH	A	0.71%
CB	C	0.65%
MSI	B	0.63%
RSG	A	0.54%
SO	D	0.54%
WCN	A	0.53%
ORCL	B	0.53%
WFC	A	0.5%
MCD	D	0.5%
AJG	B	0.46%
ROP	B	0.46%
ED	D	0.42%
ANET	C	0.39%
AZO	C	0.36%
FCNCA	A	0.34%
KR	B	0.31%
WEC	A	0.29%
KLAC	D	0.29%
TSLA	B	0.28%
ITW	B	0.27%
ORLY	B	0.26%
CTAS	B	0.23%
FANG	D	0.22%
VRSN	F	0.22%
TDY	B	0.21%
GWW	B	0.2%
FICO	B	0.2%
YUM	B	0.19%
DHI	D	0.19%
CDW	F	0.19%
EG	C	0.18%
KHC	F	0.18%
PTC	A	0.18%
ERIE	D	0.17%
ROL	B	0.17%
CTVA	C	0.16%
PAYX	C	0.16%
MKL	A	0.15%
AFG	A	0.15%
FAST	B	0.15%
EOG	A	0.15%
NFLX	A	0.14%
PSA	D	0.14%
CHD	B	0.14%
PSX	C	0.14%
MOH	F	0.13%
ODFL	B	0.13%
MNST	C	0.12%
WRB	A	0.12%
L	A	0.12%
NVR	D	0.11%
PHM	D	0.11%
NBIX	C	0.11%
PM	B	0.11%
DTE	C	0.1%
MCHP	D	0.1%
UTHR	C	0.1%
PKG	A	0.09%
TPL	A	0.09%
CMS	C	0.09%
TROW	B	0.09%
EME	C	0.08%
BLDR	D	0.08%
ULTA	F	0.08%
BMRN	D	0.08%
VLTO	D	0.08%
HUBS	A	0.08%
VEEV	C	0.08%
MO	A	0.07%
STX	D	0.07%
HUBB	B	0.07%
MANH	D	0.07%
DPZ	C	0.07%
CFG	B	0.07%
GD	F	0.07%
MELI	D	0.07%
NUE	C	0.07%
PCAR	B	0.06%
WSO	A	0.06%
PCG	A	0.06%
DELL	C	0.06%
LEN	D	0.06%
EXPD	D	0.06%
SNA	A	0.06%
CRWD	B	0.06%
WST	C	0.06%
BX	A	0.05%
SWKS	F	0.05%
GGG	B	0.05%
LNT	A	0.05%
JBHT	C	0.05%
FDS	B	0.05%
NSC	B	0.05%
VTRS	A	0.05%
SLB	C	0.05%
WELL	A	0.04%
MRO	B	0.04%
VICI	C	0.04%
JKHY	D	0.04%
ALLE	D	0.04%
KNX	B	0.04%
IP	B	0.04%
PH	A	0.04%
GPN	B	0.04%
ATO	A	0.04%
STLD	B	0.04%
O	D	0.04%
KVUE	A	0.04%
EPAM	C	0.04%
KKR	A	0.04%
POOL	C	0.04%
SMCI	F	0.03%
RS	B	0.03%
TTC	D	0.03%
SW	A	0.03%
NXPI	D	0.03%
AOS	F	0.03%
EQT	B	0.03%
ACI	C	0.03%
TRGP	B	0.03%
GEHC	F	0.03%
APO	B	0.03%
SQ	B	0.03%
ROST	C	0.03%
JBL	B	0.03%
SEIC	B	0.03%
OVV	B	0.03%
SPG	B	0.03%
LW	C	0.03%
NTRS	A	0.03%
CTRA	B	0.03%
FIS	C	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%
SJM	D	0.02%
STZ	D	0.02%
LKQ	D	0.02%
VMC	B	0.02%
AMCR	D	0.02%
DLTR	F	0.02%
DOV	A	0.02%
GPC	D	0.02%
ARE	D	0.02%
UHS	D	0.02%
NI	A	0.02%
CAG	D	0.02%
FNF	B	0.02%
CRBG	B	0.02%
DG	F	0.02%
EVRG	A	0.02%
EXR	D	0.02%
FE	C	0.02%
ENPH	F	0.02%
TTD	B	0.01%
HOOD	B	0.01%
ENTG	D	0.01%
RIVN	F	0.01%
MTD	D	0.01%
BIO	D	0.01%
ALGN	D	0.01%
QRVO	F	0.01%
LYV	A	0.01%
VRT	B	0.01%
PLTR	B	0.01%
ARES	A	0.01%
UHAL	D	0.01%
AMH	D	0.01%
WLK	D	0.01%
CRL	C	0.01%
CTLT	B	0.01%
RPRX	D	0.01%
TDG	D	0.01%
DASH	A	0.01%
CPT	B	0.01%
GLPI	C	0.01%
AVY	D	0.01%
HII	D	0.01%
WTRG	B	0.01%
HST	C	0.01%
REG	B	0.01%
RPM	A	0.01%
SUI	D	0.01%
WPC	D	0.01%
BEN	C	0.01%
STE	F	0.01%
TWLO	A	0.01%
INVH	D	0.01%
TRMB	B	0.01%
BURL	A	0.01%
MAA	B	0.01%
DOC	D	0.01%
COIN	C	0.01%
CCL	B	0.01%
EFX	F	0.01%
HWM	A	0.01%
CHRD	D	0.01%
BRO	B	0.01%
CG	A	0.01%
RVTY	F	0.01%
CELH	F	0.0%
IOT	A	0.0%
TEAM	A	0.0%
RBLX	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%
DT	C	0.0%
WYNN	D	0.0%
PODD	C	0.0%
EXAS	D	0.0%
HEI	B	0.0%
ROKU	D	0.0%
SNOW	C	0.0%
PINS	D	0.0%
MSTR	C	0.0%
ELS	C	0.0%
HEI	B	0.0%
TECH	D	0.0%
AXON	A	0.0%

QUS Underweight 104 Positions Relative to JUST

Symbol	Grade	Weight
UAL	A	-0.08%
GWRE	A	-0.04%
TPR	B	-0.04%
USFD	A	-0.04%
NTNX	A	-0.04%
SOFI	A	-0.04%
UNM	A	-0.04%
JLL	D	-0.04%
RGA	A	-0.04%
AAL	B	-0.03%
PNFP	B	-0.03%
CMA	A	-0.03%
INGR	B	-0.03%
AA	B	-0.03%
AYI	B	-0.03%
PNW	B	-0.03%
BLD	D	-0.03%
ATR	B	-0.03%
OWL	A	-0.03%
AFRM	B	-0.03%
NCLH	B	-0.03%
NVT	B	-0.03%
ITT	A	-0.03%
FHN	A	-0.03%
SCI	B	-0.03%
VNT	B	-0.02%
ESTC	C	-0.02%
SLM	A	-0.02%
LEA	D	-0.02%
SMAR	A	-0.02%
DBX	B	-0.02%
AZEK	A	-0.02%
THG	A	-0.02%
WHR	B	-0.02%
RGEN	D	-0.02%
LNC	B	-0.02%
SITE	D	-0.02%
ETSY	D	-0.02%
FCN	D	-0.02%
FMC	D	-0.02%
PVH	C	-0.02%
AWI	A	-0.02%
LPX	B	-0.02%
KBR	F	-0.02%
ALK	C	-0.02%
IVZ	B	-0.02%
COLB	A	-0.02%
OSK	B	-0.02%
AXS	A	-0.02%
VFC	C	-0.02%
RRC	B	-0.02%
BERY	B	-0.02%
MTG	C	-0.02%
WH	B	-0.02%
GPK	C	-0.02%
HRB	D	-0.02%
BWA	D	-0.02%
HAS	D	-0.02%
VOYA	B	-0.02%
CIEN	B	-0.02%
SNV	B	-0.02%
EXEL	B	-0.02%
ARMK	B	-0.02%
KSS	F	-0.01%
CAR	C	-0.01%
PINC	B	-0.01%
DV	C	-0.01%
TDC	D	-0.01%
RARE	D	-0.01%
NVST	B	-0.01%
AGR	B	-0.01%
SPR	D	-0.01%
PEGA	A	-0.01%
XRAY	F	-0.01%
PENN	C	-0.01%
OGN	D	-0.01%
PAG	B	-0.01%
W	F	-0.01%
YETI	C	-0.01%
MDU	D	-0.01%
BHF	B	-0.01%
PII	D	-0.01%
WU	D	-0.01%
NWS	B	-0.01%
TNL	A	-0.01%
INSP	D	-0.01%
M	D	-0.01%
HOG	D	-0.01%
GAP	C	-0.01%
TKR	D	-0.01%
CHH	A	-0.01%
CRUS	D	-0.01%
GTLB	B	-0.01%
SON	D	-0.01%
ST	F	-0.01%
LITE	B	-0.01%
ZG	A	-0.01%
LOPE	B	-0.01%
AGCO	D	-0.01%
AGO	B	-0.01%
CLF	F	-0.01%
QS	F	-0.0%
SNDR	B	-0.0%
RKT	F	-0.0%