QUS vs. MODL ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

$160.99

Average Daily Volume

15,214

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.54

Average Daily Volume

26,960

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	QUS	MODL
30 Days	1.13%	1.64%
60 Days	2.86%	3.74%
90 Days	3.85%	5.46%
12 Months	28.61%	30.17%

315 Overlapping Holdings

	Symbol	Grade	Weight in QUS	Weight in MODL	Overlap
	A	D	0.11%	0.13%	0.11%
	AAPL	C	3.24%	4.85%	3.24%
	ABBV	F	0.49%	1.05%	0.49%
	ABNB	C	0.02%	0.11%	0.02%
	ABT	B	0.16%	0.72%	0.16%
	ACGL	C	0.38%	0.1%	0.1%
	ACN	B	1.18%	0.31%	0.31%
	ADBE	C	0.71%	0.42%	0.42%
	ADI	D	0.14%	0.14%	0.14%
	ADM	D	0.08%	0.1%	0.08%
	ADSK	A	0.16%	0.11%	0.11%
	AFL	B	0.22%	0.16%	0.16%
	AIG	B	0.12%	0.14%	0.12%
	AJG	A	0.46%	0.18%	0.18%
	AKAM	D	0.14%	0.02%	0.02%
	ALGN	D	0.01%	0.06%	0.01%
	ALL	A	0.06%	0.15%	0.06%
	ALNY	D	0.07%	0.11%	0.07%
	AMAT	F	0.48%	0.2%	0.2%
	AMD	F	0.06%	0.32%	0.06%
	AMGN	F	0.27%	0.54%	0.27%
	AMP	A	0.04%	0.31%	0.04%
	AMZN	C	0.69%	3.64%	0.69%
	ANET	C	0.39%	0.13%	0.13%
	ANSS	B	0.01%	0.06%	0.01%
	AON	A	0.21%	0.23%	0.21%
	APH	A	0.71%	0.12%	0.12%
	APO	B	0.03%	0.18%	0.03%
	APP	B	0.02%	0.12%	0.02%
	APTV	F	0.02%	0.03%	0.02%
	ARES	A	0.01%	0.18%	0.01%
	AVGO	D	0.58%	1.06%	0.58%
	AVTR	F	0.01%	0.05%	0.01%
	AXP	A	0.11%	0.56%	0.11%
	AZO	C	0.36%	0.1%	0.1%
	BAC	A	0.69%	1.02%	0.69%
	BAX	F	0.02%	0.06%	0.02%
	BBY	D	0.09%	0.03%	0.03%
	BDX	F	0.24%	0.22%	0.22%
	BEN	C	0.01%	0.04%	0.01%
	BIIB	F	0.02%	0.08%	0.02%
	BK	A	0.09%	0.33%	0.09%
	BKNG	A	0.04%	0.32%	0.04%
	BLK	B	0.46%	0.9%	0.46%
	BMRN	F	0.08%	0.04%	0.04%
	BMY	B	0.34%	0.41%	0.34%
	BRK.A	B	1.1%	1.72%	1.1%
	BRK.A	B	1.1%	0.65%	0.65%
	BRO	B	0.01%	0.07%	0.01%
	BSX	A	0.04%	0.48%	0.04%
	BSY	F	0.0%	0.01%	0.0%
	BX	A	0.05%	0.76%	0.05%
	C	A	0.45%	0.37%	0.37%
	CAH	B	0.12%	0.11%	0.11%
	CB	C	0.65%	0.33%	0.33%
	CBOE	C	0.29%	0.12%	0.12%
	CCL	A	0.01%	0.05%	0.01%
	CDNS	B	0.29%	0.15%	0.15%
	CDW	F	0.19%	0.03%	0.03%
	CELH	F	0.0%	0.02%	0.0%
	CFG	B	0.07%	0.06%	0.06%
	CHD	A	0.14%	0.1%	0.1%
	CHTR	C	0.09%	0.08%	0.08%
	CI	D	0.24%	0.32%	0.24%
	CINF	A	0.03%	0.07%	0.03%
	CL	D	0.17%	0.28%	0.17%
	CLX	A	0.01%	0.08%	0.01%
	CMCSA	B	0.42%	0.34%	0.34%
	CME	B	0.23%	0.48%	0.23%
	CMG	B	0.22%	0.15%	0.15%
	CNC	D	0.08%	0.11%	0.08%
	COF	C	0.17%	0.19%	0.17%
	COIN	C	0.01%	0.37%	0.01%
	COR	B	0.35%	0.15%	0.15%
	COST	A	1.31%	1.6%	1.31%
	CPAY	A	0.02%	0.07%	0.02%
	CRBG	B	0.02%	0.02%	0.02%
	CRM	B	0.12%	0.54%	0.12%
	CRWD	B	0.06%	0.16%	0.06%
	CSCO	B	1.34%	0.31%	0.31%
	CTSH	B	0.39%	0.05%	0.05%
	CVS	D	0.29%	0.24%	0.24%
	DASH	B	0.01%	0.1%	0.01%
	DDOG	A	0.0%	0.07%	0.0%
	DECK	A	0.09%	0.05%	0.05%
	DELL	B	0.06%	0.05%	0.05%
	DFS	B	0.07%	0.12%	0.07%
	DG	F	0.02%	0.07%	0.02%
	DGX	A	0.06%	0.07%	0.06%
	DHI	F	0.19%	0.09%	0.09%
	DHR	F	0.09%	0.54%	0.09%
	DIS	B	0.17%	0.43%	0.17%
	DKNG	B	0.0%	0.04%	0.0%
	DLTR	F	0.02%	0.06%	0.02%
	DPZ	C	0.07%	0.03%	0.03%
	DRI	B	0.02%	0.04%	0.02%
	DT	D	0.0%	0.03%	0.0%
	DXCM	C	0.0%	0.11%	0.0%
	EA	A	0.31%	0.08%	0.08%
	EBAY	D	0.02%	0.06%	0.02%
	EG	C	0.18%	0.03%	0.03%
	EL	F	0.01%	0.06%	0.01%
	ELV	F	0.29%	0.33%	0.29%
	ENPH	F	0.02%	0.01%	0.01%
	ENTG	D	0.01%	0.02%	0.01%
	EW	C	0.12%	0.15%	0.12%
	EXPE	B	0.02%	0.04%	0.02%
	F	C	0.16%	0.08%	0.08%
	FCNCA	A	0.34%	0.06%	0.06%
	FDS	B	0.05%	0.11%	0.05%
	FI	A	0.31%	0.34%	0.31%
	FICO	B	0.2%	0.1%	0.1%
	FIS	C	0.03%	0.14%	0.03%
	FITB	B	0.06%	0.09%	0.06%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.02%	0.02%
	FSLR	F	0.03%	0.03%	0.03%
	FTNT	C	0.01%	0.1%	0.01%
	GDDY	A	0.34%	0.04%	0.04%
	GEHC	D	0.03%	0.13%	0.03%
	GEN	B	0.13%	0.02%	0.02%
	GILD	C	0.43%	0.42%	0.42%
	GIS	D	0.25%	0.12%	0.12%
	GLW	B	0.14%	0.05%	0.05%
	GM	C	0.32%	0.12%	0.12%
	GOOG	C	1.12%	1.97%	1.12%
	GOOGL	C	1.2%	2.21%	1.2%
	GPC	D	0.02%	0.03%	0.02%
	GPN	B	0.04%	0.08%	0.04%
	GRMN	B	0.2%	0.06%	0.06%
	GS	A	0.3%	1.05%	0.3%
	HBAN	A	0.06%	0.07%	0.06%
	HCA	F	0.06%	0.23%	0.06%
	HD	B	0.35%	0.8%	0.35%
	HIG	B	0.09%	0.1%	0.09%
	HLT	A	0.01%	0.13%	0.01%
	HOLX	D	0.07%	0.06%	0.06%
	HPE	B	0.06%	0.04%	0.04%
	HPQ	B	0.07%	0.05%	0.05%
	HRL	D	0.08%	0.03%	0.03%
	HSY	F	0.18%	0.09%	0.09%
	HUBS	A	0.08%	0.07%	0.07%
	HUM	C	0.2%	0.12%	0.12%
	IBM	C	0.67%	0.26%	0.26%
	ICE	C	0.14%	0.52%	0.14%
	IDXX	F	0.12%	0.13%	0.12%
	ILMN	C	0.01%	0.08%	0.01%
	INCY	C	0.2%	0.05%	0.05%
	INTC	C	0.18%	0.15%	0.15%
	INTU	B	0.04%	0.35%	0.04%
	IOT	A	0.0%	0.0%	0.0%
	IPG	D	0.01%	0.02%	0.01%
	IQV	F	0.02%	0.12%	0.02%
	ISRG	A	0.04%	0.69%	0.04%
	IT	C	0.13%	0.05%	0.05%
	JBL	C	0.03%	0.02%	0.02%
	JKHY	D	0.04%	0.04%	0.04%
	JNJ	C	1.64%	1.33%	1.33%
	JPM	A	1.06%	1.89%	1.06%
	K	A	0.29%	0.08%	0.08%
	KDP	F	0.23%	0.11%	0.11%
	KEYS	A	0.26%	0.04%	0.04%
	KHC	F	0.18%	0.13%	0.13%
	KKR	A	0.04%	0.59%	0.04%
	KLAC	F	0.29%	0.12%	0.12%
	KMB	C	0.1%	0.17%	0.1%
	KO	D	0.81%	0.92%	0.81%
	KR	B	0.31%	0.14%	0.14%
	KVUE	A	0.04%	0.16%	0.04%
	L	A	0.12%	0.04%	0.04%
	LEN	D	0.06%	0.08%	0.06%
	LEN	D	0.06%	0.0%	0.0%
	LH	B	0.03%	0.07%	0.03%
	LLY	F	1.92%	2.3%	1.92%
	LOW	C	0.13%	0.3%	0.13%
	LPLA	A	0.07%	0.13%	0.07%
	LRCX	F	0.3%	0.13%	0.13%
	LULU	C	0.12%	0.06%	0.06%
	LVS	B	0.01%	0.04%	0.01%
	LW	C	0.03%	0.06%	0.03%
	LYV	A	0.01%	0.04%	0.01%
	MA	B	1.69%	1.21%	1.21%
	MANH	D	0.07%	0.01%	0.01%
	MAR	A	0.02%	0.13%	0.02%
	MCD	D	0.5%	0.4%	0.4%
	MCHP	F	0.1%	0.05%	0.05%
	MCK	A	0.61%	0.32%	0.32%
	MCO	B	0.21%	0.5%	0.21%
	MDB	B	0.0%	0.03%	0.0%
	MDLZ	F	0.22%	0.27%	0.22%
	MDT	D	0.15%	0.4%	0.15%
	MET	A	0.09%	0.14%	0.09%
	META	D	2.32%	2.64%	2.32%
	MGM	D	0.01%	0.02%	0.01%
	MKC	C	0.01%	0.06%	0.01%
	MKL	A	0.15%	0.06%	0.06%
	MMC	B	0.69%	0.31%	0.31%
	MNST	C	0.12%	0.14%	0.12%
	MO	A	0.07%	0.33%	0.07%
	MOH	F	0.13%	0.06%	0.06%
	MPWR	F	0.07%	0.04%	0.04%
	MRK	D	0.46%	0.88%	0.46%
	MRNA	F	0.01%	0.05%	0.01%
	MRVL	B	0.02%	0.11%	0.02%
	MS	A	0.21%	0.94%	0.21%
	MSCI	C	0.01%	0.26%	0.01%
	MSFT	D	2.7%	5.77%	2.7%
	MSI	B	0.63%	0.11%	0.11%
	MSTR	B	0.0%	0.12%	0.0%
	MTB	A	0.08%	0.1%	0.08%
	MTD	F	0.01%	0.09%	0.01%
	MU	D	0.07%	0.15%	0.07%
	NDAQ	A	0.02%	0.15%	0.02%
	NET	B	0.0%	0.04%	0.0%
	NFLX	A	0.14%	0.77%	0.14%
	NKE	F	0.28%	0.17%	0.17%
	NOW	A	0.27%	0.37%	0.27%
	NTAP	C	0.16%	0.03%	0.03%
	NTRS	A	0.03%	0.12%	0.03%
	NVDA	B	2.76%	4.61%	2.76%
	NVR	D	0.11%	0.05%	0.05%
	OKTA	C	0.0%	0.02%	0.0%
	OMC	C	0.07%	0.04%	0.04%
	ON	D	0.02%	0.04%	0.02%
	ORCL	A	0.53%	0.53%	0.53%
	ORLY	B	0.26%	0.13%	0.13%
	PANW	B	0.32%	0.22%	0.22%
	PEP	F	1.01%	0.76%	0.76%
	PFE	F	0.33%	0.51%	0.33%
	PFG	D	0.03%	0.06%	0.03%
	PG	C	0.59%	1.54%	0.59%
	PGR	A	0.65%	0.42%	0.42%
	PHM	D	0.11%	0.05%	0.05%
	PINS	F	0.0%	0.04%	0.0%
	PLTR	B	0.01%	0.19%	0.01%
	PM	B	0.11%	0.66%	0.11%
	PNC	B	0.17%	0.23%	0.17%
	PODD	C	0.0%	0.07%	0.0%
	POOL	C	0.04%	0.03%	0.03%
	PRU	A	0.08%	0.13%	0.08%
	PSTG	D	0.0%	0.02%	0.0%
	PTC	B	0.18%	0.04%	0.04%
	PYPL	B	0.08%	0.24%	0.08%
	QCOM	F	0.55%	0.25%	0.25%
	RBLX	C	0.0%	0.05%	0.0%
	RCL	A	0.01%	0.1%	0.01%
	REGN	F	0.25%	0.3%	0.25%
	RF	A	0.06%	0.07%	0.06%
	RJF	A	0.03%	0.17%	0.03%
	RMD	C	0.09%	0.13%	0.09%
	ROP	B	0.46%	0.11%	0.11%
	ROST	D	0.03%	0.09%	0.03%
	RPRX	D	0.01%	0.04%	0.01%
	RVTY	F	0.01%	0.05%	0.01%
	SBUX	A	0.06%	0.21%	0.06%
	SCHW	B	0.07%	0.76%	0.07%
	SMCI	F	0.03%	0.02%	0.02%
	SNAP	D	0.0%	0.02%	0.0%
	SNOW	B	0.0%	0.06%	0.0%
	SNPS	B	0.28%	0.15%	0.15%
	SPGI	C	0.07%	0.93%	0.07%
	SQ	A	0.03%	0.14%	0.03%
	STE	D	0.01%	0.07%	0.01%
	STT	B	0.06%	0.16%	0.06%
	STX	C	0.07%	0.03%	0.03%
	STZ	D	0.02%	0.14%	0.02%
	SWKS	F	0.05%	0.02%	0.02%
	SYF	B	0.06%	0.07%	0.06%
	SYK	B	0.05%	0.5%	0.05%
	SYY	D	0.05%	0.13%	0.05%
	T	A	0.69%	0.34%	0.34%
	TDY	B	0.21%	0.03%	0.03%
	TEAM	A	0.0%	0.06%	0.0%
	TER	F	0.04%	0.02%	0.02%
	TFC	A	0.16%	0.17%	0.16%
	TGT	F	0.1%	0.27%	0.1%
	TJX	A	0.56%	0.26%	0.26%
	TMO	F	0.1%	0.69%	0.1%
	TMUS	B	0.78%	0.24%	0.24%
	TRMB	B	0.01%	0.02%	0.01%
	TROW	B	0.09%	0.15%	0.09%
	TRV	B	0.47%	0.17%	0.17%
	TSCO	D	0.09%	0.06%	0.06%
	TSLA	B	0.28%	1.86%	0.28%
	TSN	B	0.3%	0.06%	0.06%
	TTD	B	0.01%	0.11%	0.01%
	TTWO	A	0.01%	0.07%	0.01%
	TXN	C	1.06%	0.26%	0.26%
	TYL	B	0.01%	0.05%	0.01%
	ULTA	F	0.08%	0.03%	0.03%
	UNH	B	2.21%	1.99%	1.99%
	USB	A	0.16%	0.22%	0.16%
	V	A	1.91%	1.47%	1.47%
	VEEV	C	0.08%	0.12%	0.08%
	VRSN	C	0.22%	0.02%	0.02%
	VRTX	D	0.57%	0.44%	0.44%
	VTRS	A	0.05%	0.06%	0.05%
	VZ	C	0.81%	0.37%	0.37%
	WAT	C	0.07%	0.08%	0.07%
	WBA	F	0.06%	0.02%	0.02%
	WBD	B	0.11%	0.05%	0.05%
	WDAY	B	0.15%	0.1%	0.1%
	WDC	D	0.02%	0.03%	0.02%
	WFC	A	0.5%	0.69%	0.5%
	WMT	A	0.94%	1.32%	0.94%
	WRB	A	0.12%	0.05%	0.05%
	WSM	C	0.06%	0.03%	0.03%
	WST	C	0.06%	0.08%	0.06%
	WTW	B	0.16%	0.09%	0.09%
	YUM	D	0.19%	0.07%	0.07%
	ZBH	C	0.02%	0.08%	0.02%
	ZBRA	B	0.01%	0.03%	0.01%
	ZM	C	0.01%	0.03%	0.01%
	ZS	B	0.0%	0.03%	0.0%
	ZTS	D	0.25%	0.29%	0.25%

QUS Overweight 270 Positions Relative to MODL

	Symbol	Grade	Weight
	XOM	B	0.81%
	LMT	D	0.72%
	CAT	B	0.63%
	DUK	C	0.6%
	CVX	A	0.55%
	NOC	D	0.55%
	ADP	A	0.54%
	RSG	A	0.54%
	SO	C	0.54%
	HON	C	0.53%
	WCN	A	0.53%
	WM	B	0.52%
	ED	C	0.42%
	MPC	D	0.32%
	WEC	A	0.29%
	MMM	D	0.28%
	ITW	B	0.27%
	SHW	B	0.26%
	TT	A	0.26%
	FFIV	B	0.23%
	CTAS	B	0.23%
	FANG	C	0.22%
	GWW	B	0.2%
	BAH	F	0.2%
	XEL	A	0.2%
	AEP	C	0.19%
	UBER	F	0.18%
	RTX	D	0.18%
	NEM	D	0.18%
	JNPR	D	0.17%
	ERIE	D	0.17%
	COP	C	0.17%
	ROL	B	0.17%
	CMI	A	0.17%
	CTVA	C	0.16%
	PAYX	B	0.16%
	VLO	C	0.15%
	WMB	A	0.15%
	VRSK	A	0.15%
	AFG	A	0.15%
	FAST	B	0.15%
	EOG	A	0.15%
	LIN	C	0.15%
	D	C	0.14%
	CPRT	B	0.14%
	PSA	C	0.14%
	PSX	C	0.14%
	ODFL	C	0.13%
	CPB	D	0.12%
	FDX	B	0.12%
	AIZ	A	0.12%
	GE	D	0.11%
	NBIX	C	0.11%
	AEE	A	0.11%
	UPS	C	0.11%
	DTE	C	0.1%
	NEE	C	0.1%
	OXY	D	0.1%
	UTHR	C	0.1%
	ROK	C	0.1%
	DE	B	0.1%
	PKG	A	0.09%
	TPL	A	0.09%
	CMS	C	0.09%
	EME	A	0.08%
	PLD	F	0.08%
	BLDR	D	0.08%
	UNP	C	0.08%
	VLTO	C	0.08%
	HUBB	B	0.07%
	KMI	A	0.07%
	TW	A	0.07%
	GD	D	0.07%
	MELI	C	0.07%
	NUE	C	0.07%
	PCAR	B	0.06%
	SOLV	D	0.06%
	WSO	A	0.06%
	EXC	C	0.06%
	PCG	A	0.06%
	DOW	F	0.06%
	SRE	A	0.06%
	EXPD	C	0.06%
	SNA	A	0.06%
	GEV	B	0.05%
	APD	A	0.05%
	APA	D	0.05%
	BG	D	0.05%
	ETR	B	0.05%
	GGG	B	0.05%
	IEX	C	0.05%
	CBRE	B	0.05%
	LNT	A	0.05%
	ETN	A	0.05%
	JBHT	C	0.05%
	NSC	B	0.05%
	JCI	B	0.05%
	EMR	B	0.05%
	SLB	C	0.05%
	CSX	C	0.05%
	OKE	A	0.05%
	LNG	A	0.05%
	WELL	A	0.04%
	CARR	C	0.04%
	MRO	B	0.04%
	VICI	C	0.04%
	AMT	C	0.04%
	DLR	B	0.04%
	ALLE	C	0.04%
	KNX	C	0.04%
	IP	A	0.04%
	PEG	A	0.04%
	PH	A	0.04%
	OTIS	C	0.04%
	URI	C	0.04%
	DD	C	0.04%
	ATO	A	0.04%
	STLD	B	0.04%
	O	C	0.04%
	FCX	F	0.04%
	BKR	A	0.04%
	EPAM	B	0.04%
	LHX	C	0.04%
	KEY	B	0.04%
	DVN	F	0.04%
	EIX	B	0.04%
	LYB	F	0.04%
	CCI	C	0.03%
	CNH	C	0.03%
	ES	C	0.03%
	PPL	A	0.03%
	ALLY	C	0.03%
	RS	B	0.03%
	TTC	C	0.03%
	HAL	C	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%
	ACI	C	0.03%
	KMX	B	0.03%
	TRGP	A	0.03%
	BR	A	0.03%
	WY	F	0.03%
	MKTX	D	0.03%
	CF	A	0.03%
	SEIC	B	0.03%
	OVV	B	0.03%
	CEG	C	0.03%
	SPG	A	0.03%
	MOS	F	0.03%
	CTRA	B	0.03%
	PAYC	B	0.03%
	SSNC	B	0.02%
	CCK	D	0.02%
	BALL	F	0.02%
	SJM	D	0.02%
	LKQ	F	0.02%
	LDOS	C	0.02%
	VMC	B	0.02%
	AWK	C	0.02%
	AMCR	C	0.02%
	EMN	C	0.02%
	DOV	A	0.02%
	MLM	C	0.02%
	VTR	B	0.02%
	IR	B	0.02%
	FTV	C	0.02%
	ARE	F	0.02%
	ALB	B	0.02%
	UHS	D	0.02%
	NI	A	0.02%
	EQH	C	0.02%
	IFF	D	0.02%
	J	D	0.02%
	KIM	A	0.02%
	EQR	C	0.02%
	TXT	D	0.02%
	CAG	F	0.02%
	AVB	B	0.02%
	OC	A	0.02%
	FNF	B	0.02%
	CNP	A	0.02%
	EVRG	A	0.02%
	VST	A	0.02%
	WAB	B	0.02%
	SWK	D	0.02%
	CHRW	B	0.02%
	HES	B	0.02%
	PWR	A	0.02%
	BA	F	0.02%
	EQIX	A	0.02%
	EXR	C	0.02%
	DINO	D	0.02%
	AME	A	0.02%
	TAP	C	0.02%
	FE	C	0.02%
	PPG	F	0.02%
	ECL	D	0.02%
	HOOD	B	0.01%
	RIVN	F	0.01%
	MTCH	D	0.01%
	BIO	C	0.01%
	LUV	C	0.01%
	BBWI	C	0.01%
	NDSN	B	0.01%
	Z	A	0.01%
	LII	A	0.01%
	QRVO	F	0.01%
	TFX	F	0.01%
	VRT	B	0.01%
	SBAC	D	0.01%
	UDR	B	0.01%
	UHAL	D	0.01%
	CSGP	D	0.01%
	AMH	C	0.01%
	WLK	D	0.01%
	CRL	D	0.01%
	CTLT	C	0.01%
	TDG	D	0.01%
	CPT	B	0.01%
	DVA	C	0.01%
	GLPI	C	0.01%
	AVY	F	0.01%
	HII	F	0.01%
	WTRG	B	0.01%
	FBIN	D	0.01%
	HST	C	0.01%
	TRU	D	0.01%
	CSL	C	0.01%
	ESS	B	0.01%
	IRM	C	0.01%
	MAS	D	0.01%
	PNR	A	0.01%
	REG	A	0.01%
	RPM	A	0.01%
	NWSA	A	0.01%
	SUI	C	0.01%
	CE	F	0.01%
	WPC	C	0.01%
	TWLO	A	0.01%
	AES	F	0.01%
	HSIC	C	0.01%
	INVH	D	0.01%
	BURL	B	0.01%
	MAA	B	0.01%
	ACM	B	0.01%
	DOC	C	0.01%
	DAL	B	0.01%
	XYL	D	0.01%
	EFX	F	0.01%
	HWM	A	0.01%
	CHRD	D	0.01%
	DKS	D	0.01%
	CG	B	0.01%
	BXP	C	0.01%
	TOST	B	0.0%
	H	B	0.0%
	WYNN	C	0.0%
	DOCU	B	0.0%
	EXAS	D	0.0%
	HEI	A	0.0%
	DAY	B	0.0%
	ROKU	D	0.0%
	ELS	C	0.0%
	HEI	A	0.0%
	TECH	F	0.0%
	AXON	A	0.0%

QUS Underweight 1 Positions Relative to MODL

	Symbol	Grade	Weight
	NTNX	B	-0.01%

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

MODL: Top Represented Industries & Keywords

Industries: Software - Application Asset Management Diagnostics & Research Semiconductors Banks - Regional - US Capital Markets Drug Manufacturers - Major Software - Infrastructure Specialty Retail Insurance - Property & Casualty Medical Devices Biotechnology Credit Services Health Care Plans Household & Personal Products Internet Content & Information Medical Instruments & Supplies Packaged Foods Restaurants Semiconductor Equipment & Materials

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Medicine Cloud Computing Banking Electronics Insurance Products Work From Home Semiconductor Mobile Devices Cloud Infrastructure Disability Telecommunications Integrated Circuits Investment Bank Software