QUS vs. SCHV ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to Schwab U.S. Large-Cap Value ETF (SCHV)

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

SCHV

Schwab U.S. Large-Cap Value ETF

SCHV Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "value" based on a number of factors. The index is a float-adjusted market capitalization weighted index.

Grade (RS Rating)

Last Trade

$27.80

Average Daily Volume

889,709

Number of Holdings ^*

512

* may have additional holdings in another (foreign) market

Performance

Period	QUS	SCHV
30 Days	2.25%	3.08%
60 Days	3.15%	4.55%
90 Days	4.45%	6.85%
12 Months	29.35%	28.96%

403 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in SCHV	Overlap
A	D	0.11%	0.16%	0.11%
ABBV	D	0.49%	1.22%	0.49%
ABT	B	0.16%	0.82%	0.16%
ACGL	D	0.38%	0.15%	0.15%
ACI	C	0.03%	0.03%	0.03%
ACM	A	0.01%	0.06%	0.01%
ADI	D	0.14%	0.43%	0.14%
ADM	D	0.08%	0.1%	0.08%
ADP	B	0.54%	0.51%	0.51%
AEE	A	0.11%	0.1%	0.1%
AEP	D	0.19%	0.2%	0.19%
AES	F	0.01%	0.04%	0.01%
AFG	A	0.15%	0.04%	0.04%
AFL	B	0.22%	0.23%	0.22%
AIG	B	0.12%	0.2%	0.12%
AIZ	A	0.12%	0.05%	0.05%
AJG	B	0.46%	0.26%	0.26%
AKAM	D	0.14%	0.05%	0.05%
ALB	C	0.02%	0.05%	0.02%
ALL	A	0.06%	0.21%	0.06%
ALLE	D	0.04%	0.05%	0.04%
ALLY	C	0.03%	0.04%	0.03%
AMAT	F	0.48%	0.61%	0.48%
AMCR	D	0.02%	0.06%	0.02%
AME	A	0.02%	0.18%	0.02%
AMGN	D	0.27%	0.66%	0.27%
AMH	D	0.01%	0.05%	0.01%
AMP	A	0.04%	0.22%	0.04%
AMT	D	0.04%	0.37%	0.04%
AON	A	0.21%	0.34%	0.21%
AOS	F	0.03%	0.04%	0.03%
APA	D	0.05%	0.03%	0.03%
APD	A	0.05%	0.28%	0.05%
APH	A	0.71%	0.35%	0.35%
APTV	D	0.02%	0.06%	0.02%
ARE	D	0.02%	0.07%	0.02%
ARES	A	0.01%	0.13%	0.01%
ATO	A	0.04%	0.09%	0.04%
AVB	B	0.02%	0.13%	0.02%
AVY	D	0.01%	0.07%	0.01%
AWK	D	0.02%	0.1%	0.02%
AXP	A	0.11%	0.66%	0.11%
BA	F	0.02%	0.41%	0.02%
BAC	A	0.69%	1.26%	0.69%
BAH	F	0.2%	0.09%	0.09%
BALL	D	0.02%	0.08%	0.02%
BAX	D	0.02%	0.07%	0.02%
BBWI	D	0.01%	0.03%	0.01%
BBY	D	0.09%	0.07%	0.07%
BDX	F	0.24%	0.27%	0.24%
BEN	C	0.01%	0.03%	0.01%
BG	F	0.05%	0.05%	0.05%
BIIB	F	0.02%	0.1%	0.02%
BK	A	0.09%	0.23%	0.09%
BMY	B	0.34%	0.48%	0.34%
BR	A	0.03%	0.11%	0.03%
BRK.A	B	1.1%	3.48%	1.1%
BRO	B	0.01%	0.11%	0.01%
BSX	B	0.04%	0.53%	0.04%
BSY	D	0.0%	0.03%	0.0%
BURL	A	0.01%	0.07%	0.01%
BX	A	0.05%	0.53%	0.05%
BXP	D	0.01%	0.05%	0.01%
C	A	0.45%	0.53%	0.45%
CAG	D	0.02%	0.05%	0.02%
CAH	B	0.12%	0.12%	0.12%
CARR	D	0.04%	0.26%	0.04%
CAT	B	0.63%	0.76%	0.63%
CB	C	0.65%	0.43%	0.43%
CBOE	B	0.29%	0.08%	0.08%
CBRE	B	0.05%	0.17%	0.05%
CCI	D	0.03%	0.18%	0.03%
CCK	C	0.02%	0.04%	0.02%
CCL	B	0.01%	0.1%	0.01%
CDW	F	0.19%	0.1%	0.1%
CE	F	0.01%	0.03%	0.01%
CF	B	0.03%	0.06%	0.03%
CFG	B	0.07%	0.08%	0.07%
CG	A	0.01%	0.04%	0.01%
CHD	B	0.14%	0.11%	0.11%
CHRD	D	0.01%	0.03%	0.01%
CHRW	C	0.02%	0.05%	0.02%
CI	F	0.24%	0.38%	0.24%
CINF	A	0.03%	0.1%	0.03%
CL	D	0.17%	0.3%	0.17%
CLX	B	0.01%	0.08%	0.01%
CMCSA	B	0.42%	0.69%	0.42%
CME	A	0.23%	0.33%	0.23%
CMI	A	0.17%	0.2%	0.17%
CMS	C	0.09%	0.08%	0.08%
CNC	D	0.08%	0.12%	0.08%
CNH	C	0.03%	0.04%	0.03%
CNP	B	0.02%	0.08%	0.02%
COF	B	0.17%	0.29%	0.17%
COP	C	0.17%	0.53%	0.17%
COR	B	0.35%	0.18%	0.18%
CPB	D	0.12%	0.04%	0.04%
CPT	B	0.01%	0.05%	0.01%
CRBG	B	0.02%	0.03%	0.02%
CSCO	B	1.34%	0.97%	0.97%
CSX	B	0.05%	0.29%	0.05%
CTAS	B	0.23%	0.31%	0.23%
CTRA	B	0.03%	0.08%	0.03%
CTSH	B	0.39%	0.17%	0.17%
CVS	D	0.29%	0.28%	0.28%
CVX	A	0.55%	1.1%	0.55%
D	C	0.14%	0.19%	0.14%
DAL	C	0.01%	0.17%	0.01%
DD	D	0.04%	0.14%	0.04%
DE	A	0.1%	0.41%	0.1%
DFS	B	0.07%	0.18%	0.07%
DG	F	0.02%	0.07%	0.02%
DGX	A	0.06%	0.07%	0.06%
DHI	D	0.19%	0.19%	0.19%
DINO	D	0.02%	0.03%	0.02%
DIS	B	0.17%	0.76%	0.17%
DKS	C	0.01%	0.05%	0.01%
DLR	B	0.04%	0.22%	0.04%
DLTR	F	0.02%	0.05%	0.02%
DOC	D	0.01%	0.06%	0.01%
DOV	A	0.02%	0.11%	0.02%
DOW	F	0.06%	0.13%	0.06%
DRI	B	0.02%	0.08%	0.02%
DTE	C	0.1%	0.1%	0.1%
DUK	C	0.6%	0.35%	0.35%
DVA	B	0.01%	0.03%	0.01%
DVN	F	0.04%	0.1%	0.04%
EA	A	0.31%	0.16%	0.16%
EBAY	D	0.02%	0.12%	0.02%
ECL	D	0.02%	0.26%	0.02%
ED	D	0.42%	0.13%	0.13%
EIX	B	0.04%	0.13%	0.04%
EL	F	0.01%	0.06%	0.01%
ELS	C	0.0%	0.06%	0.0%
EMN	D	0.02%	0.05%	0.02%
EMR	A	0.05%	0.3%	0.05%
ENTG	D	0.01%	0.06%	0.01%
EOG	A	0.15%	0.31%	0.15%
EQH	B	0.02%	0.06%	0.02%
EQR	B	0.02%	0.1%	0.02%
EQT	B	0.03%	0.1%	0.03%
ERIE	D	0.17%	0.04%	0.04%
ES	D	0.03%	0.09%	0.03%
ESS	B	0.01%	0.08%	0.01%
ETN	A	0.05%	0.6%	0.05%
ETR	B	0.05%	0.13%	0.05%
EVRG	A	0.02%	0.06%	0.02%
EXC	C	0.06%	0.15%	0.06%
EXPD	D	0.06%	0.07%	0.06%
EXPE	B	0.02%	0.09%	0.02%
EXR	D	0.02%	0.14%	0.02%
F	C	0.16%	0.18%	0.16%
FANG	D	0.22%	0.14%	0.14%
FAST	B	0.15%	0.19%	0.15%
FBIN	D	0.01%	0.04%	0.01%
FCX	D	0.04%	0.25%	0.04%
FDX	B	0.12%	0.27%	0.12%
FE	C	0.02%	0.09%	0.02%
FFIV	B	0.23%	0.06%	0.06%
FIS	C	0.03%	0.2%	0.03%
FITB	A	0.06%	0.13%	0.06%
FNF	B	0.02%	0.06%	0.02%
FOXA	B	0.02%	0.07%	0.02%
FTV	C	0.02%	0.11%	0.02%
GD	F	0.07%	0.33%	0.07%
GEHC	F	0.03%	0.16%	0.03%
GEN	B	0.13%	0.07%	0.07%
GGG	B	0.05%	0.06%	0.05%
GILD	C	0.43%	0.47%	0.43%
GIS	D	0.25%	0.15%	0.15%
GLPI	C	0.01%	0.05%	0.01%
GLW	B	0.14%	0.15%	0.14%
GM	B	0.32%	0.26%	0.26%
GPC	D	0.02%	0.07%	0.02%
GPN	B	0.04%	0.12%	0.04%
GRMN	B	0.2%	0.13%	0.13%
GS	A	0.3%	0.76%	0.3%
HAL	C	0.03%	0.11%	0.03%
HBAN	A	0.06%	0.1%	0.06%
HCA	F	0.06%	0.26%	0.06%
HD	A	0.35%	1.65%	0.35%
HIG	B	0.09%	0.14%	0.09%
HII	D	0.01%	0.03%	0.01%
HOLX	D	0.07%	0.07%	0.07%
HON	B	0.53%	0.62%	0.53%
HPE	B	0.06%	0.12%	0.06%
HPQ	B	0.07%	0.15%	0.07%
HRL	D	0.08%	0.04%	0.04%
HSIC	B	0.01%	0.03%	0.01%
HST	C	0.01%	0.05%	0.01%
HSY	F	0.18%	0.11%	0.11%
HUBB	B	0.07%	0.1%	0.07%
HWM	A	0.01%	0.19%	0.01%
IBM	C	0.67%	0.79%	0.67%
ICE	C	0.14%	0.36%	0.14%
IEX	B	0.05%	0.07%	0.05%
IFF	D	0.02%	0.09%	0.02%
INCY	C	0.2%	0.05%	0.05%
INTC	D	0.18%	0.43%	0.18%
INVH	D	0.01%	0.08%	0.01%
IP	B	0.04%	0.08%	0.04%
IPG	D	0.01%	0.04%	0.01%
IR	B	0.02%	0.17%	0.02%
IRM	D	0.01%	0.14%	0.01%
ITW	B	0.27%	0.3%	0.27%
J	F	0.02%	0.08%	0.02%
JBL	B	0.03%	0.06%	0.03%
JCI	C	0.05%	0.23%	0.05%
JKHY	D	0.04%	0.05%	0.04%
JNJ	D	1.64%	1.5%	1.5%
JNPR	F	0.17%	0.05%	0.05%
JPM	A	1.06%	2.78%	1.06%
K	A	0.29%	0.09%	0.09%
KDP	D	0.23%	0.15%	0.15%
KEY	B	0.04%	0.07%	0.04%
KEYS	A	0.26%	0.11%	0.11%
KHC	F	0.18%	0.11%	0.11%
KIM	A	0.02%	0.07%	0.02%
KKR	A	0.04%	0.42%	0.04%
KMB	D	0.1%	0.18%	0.1%
KMI	A	0.07%	0.21%	0.07%
KMX	B	0.03%	0.05%	0.03%
KNX	B	0.04%	0.04%	0.04%
KO	D	0.81%	0.99%	0.81%
KR	B	0.31%	0.16%	0.16%
KVUE	A	0.04%	0.18%	0.04%
L	A	0.12%	0.06%	0.06%
LDOS	C	0.02%	0.11%	0.02%
LEN	D	0.06%	0.17%	0.06%
LH	C	0.03%	0.08%	0.03%
LHX	C	0.04%	0.2%	0.04%
LKQ	D	0.02%	0.04%	0.02%
LMT	D	0.72%	0.48%	0.48%
LNT	A	0.05%	0.06%	0.05%
LOW	D	0.13%	0.63%	0.13%
LUV	C	0.01%	0.08%	0.01%
LVS	C	0.01%	0.07%	0.01%
LW	C	0.03%	0.05%	0.03%
LYB	F	0.04%	0.09%	0.04%
MAA	B	0.01%	0.08%	0.01%
MANH	D	0.07%	0.07%	0.07%
MAS	D	0.01%	0.07%	0.01%
MCD	D	0.5%	0.87%	0.5%
MCHP	D	0.1%	0.14%	0.1%
MDLZ	F	0.22%	0.36%	0.22%
MDT	D	0.15%	0.46%	0.15%
MET	A	0.09%	0.2%	0.09%
MGM	D	0.01%	0.04%	0.01%
MKC	D	0.01%	0.08%	0.01%
MKTX	D	0.03%	0.04%	0.03%
MMC	B	0.69%	0.45%	0.45%
MMM	D	0.28%	0.29%	0.28%
MNST	C	0.12%	0.16%	0.12%
MO	A	0.07%	0.38%	0.07%
MOS	F	0.03%	0.03%	0.03%
MPC	D	0.32%	0.22%	0.22%
MRK	F	0.46%	1.01%	0.46%
MRO	B	0.04%	0.07%	0.04%
MS	A	0.21%	0.67%	0.21%
MSI	B	0.63%	0.34%	0.34%
MTB	A	0.08%	0.14%	0.08%
MTCH	D	0.01%	0.03%	0.01%
MU	D	0.07%	0.45%	0.07%
NDAQ	A	0.02%	0.13%	0.02%
NDSN	B	0.01%	0.06%	0.01%
NEE	D	0.1%	0.62%	0.1%
NEM	D	0.18%	0.19%	0.18%
NI	A	0.02%	0.07%	0.02%
NKE	D	0.28%	0.37%	0.28%
NOC	D	0.55%	0.29%	0.29%
NRG	B	0.03%	0.08%	0.03%
NSC	B	0.05%	0.25%	0.05%
NTAP	C	0.16%	0.1%	0.1%
NTRS	A	0.03%	0.09%	0.03%
NUE	C	0.07%	0.15%	0.07%
NWSA	B	0.01%	0.06%	0.01%
NXPI	D	0.03%	0.23%	0.03%
O	D	0.04%	0.2%	0.04%
OC	A	0.02%	0.07%	0.02%
OKE	A	0.05%	0.26%	0.05%
OMC	C	0.07%	0.08%	0.07%
ON	D	0.02%	0.12%	0.02%
ORCL	B	0.53%	1.23%	0.53%
OTIS	C	0.04%	0.16%	0.04%
OVV	B	0.03%	0.05%	0.03%
OXY	D	0.1%	0.14%	0.1%
PARA	C	0.03%	0.03%	0.03%
PAYX	C	0.16%	0.19%	0.16%
PCAR	B	0.06%	0.25%	0.06%
PCG	A	0.06%	0.18%	0.06%
PEG	A	0.04%	0.18%	0.04%
PEP	F	1.01%	0.92%	0.92%
PFE	D	0.33%	0.61%	0.33%
PFG	D	0.03%	0.08%	0.03%
PG	A	0.59%	1.59%	0.59%
PHM	D	0.11%	0.11%	0.11%
PKG	A	0.09%	0.09%	0.09%
PLD	D	0.08%	0.44%	0.08%
PM	B	0.11%	0.79%	0.11%
PNC	B	0.17%	0.34%	0.17%
PNR	A	0.01%	0.07%	0.01%
PPG	F	0.02%	0.12%	0.02%
PPL	B	0.03%	0.1%	0.03%
PRU	A	0.08%	0.18%	0.08%
PSA	D	0.14%	0.21%	0.14%
PSX	C	0.14%	0.22%	0.14%
PWR	A	0.02%	0.2%	0.02%
PYPL	B	0.08%	0.36%	0.08%
QCOM	F	0.55%	0.72%	0.55%
RCL	A	0.01%	0.22%	0.01%
REG	B	0.01%	0.05%	0.01%
RF	A	0.06%	0.1%	0.06%
RJF	A	0.03%	0.12%	0.03%
ROK	B	0.1%	0.13%	0.1%
ROL	B	0.17%	0.06%	0.06%
ROST	C	0.03%	0.19%	0.03%
RPM	A	0.01%	0.07%	0.01%
RPRX	D	0.01%	0.04%	0.01%
RS	B	0.03%	0.07%	0.03%
RSG	A	0.54%	0.18%	0.18%
RTX	C	0.18%	0.67%	0.18%
SBUX	A	0.06%	0.46%	0.06%
SCHW	B	0.07%	0.47%	0.07%
SEIC	B	0.03%	0.03%	0.03%
SJM	D	0.02%	0.05%	0.02%
SLB	C	0.05%	0.25%	0.05%
SNA	A	0.06%	0.08%	0.06%
SNAP	C	0.0%	0.05%	0.0%
SO	D	0.54%	0.39%	0.39%
SOLV	C	0.06%	0.04%	0.04%
SPG	B	0.03%	0.22%	0.03%
SRE	A	0.06%	0.24%	0.06%
SSNC	B	0.02%	0.06%	0.02%
STE	F	0.01%	0.09%	0.01%
STLD	B	0.04%	0.08%	0.04%
STT	A	0.06%	0.12%	0.06%
STX	D	0.07%	0.08%	0.07%
SUI	D	0.01%	0.06%	0.01%
SW	A	0.03%	0.1%	0.03%
SWK	D	0.02%	0.05%	0.02%
SWKS	F	0.05%	0.05%	0.05%
SYF	B	0.06%	0.1%	0.06%
SYK	C	0.05%	0.54%	0.05%
SYY	B	0.05%	0.15%	0.05%
T	A	0.69%	0.65%	0.65%
TAP	C	0.02%	0.05%	0.02%
TECH	D	0.0%	0.05%	0.0%
TER	D	0.04%	0.07%	0.04%
TFC	A	0.16%	0.25%	0.16%
TFX	F	0.01%	0.04%	0.01%
TGT	F	0.1%	0.29%	0.1%
TJX	A	0.56%	0.56%	0.56%
TRMB	B	0.01%	0.07%	0.01%
TROW	B	0.09%	0.11%	0.09%
TRU	D	0.01%	0.08%	0.01%
TRV	B	0.47%	0.24%	0.24%
TSCO	D	0.09%	0.12%	0.09%
TSN	B	0.3%	0.07%	0.07%
TT	A	0.26%	0.38%	0.26%
TTC	D	0.03%	0.03%	0.03%
TXN	C	1.06%	0.76%	0.76%
TXT	D	0.02%	0.07%	0.02%
UDR	B	0.01%	0.06%	0.01%
UHAL	D	0.01%	0.03%	0.01%
UHS	D	0.02%	0.05%	0.02%
UNP	C	0.08%	0.59%	0.08%
UPS	C	0.11%	0.4%	0.11%
USB	A	0.16%	0.32%	0.16%
UTHR	C	0.1%	0.07%	0.07%
VICI	C	0.04%	0.13%	0.04%
VLO	C	0.15%	0.18%	0.15%
VLTO	D	0.08%	0.11%	0.08%
VRSK	A	0.15%	0.17%	0.15%
VRSN	F	0.22%	0.06%	0.06%
VST	B	0.02%	0.2%	0.02%
VTR	C	0.02%	0.11%	0.02%
VTRS	A	0.05%	0.06%	0.05%
VZ	C	0.81%	0.7%	0.7%
WAB	B	0.02%	0.14%	0.02%
WBA	F	0.06%	0.03%	0.03%
WDC	D	0.02%	0.08%	0.02%
WEC	A	0.29%	0.13%	0.13%
WELL	A	0.04%	0.32%	0.04%
WFC	A	0.5%	1.0%	0.5%
WLK	D	0.01%	0.02%	0.01%
WM	A	0.52%	0.33%	0.33%
WMB	A	0.15%	0.27%	0.15%
WMT	A	0.94%	1.51%	0.94%
WPC	D	0.01%	0.05%	0.01%
WRB	A	0.12%	0.07%	0.07%
WSM	B	0.06%	0.07%	0.06%
WSO	A	0.06%	0.08%	0.06%
WTRG	B	0.01%	0.04%	0.01%
WTW	B	0.16%	0.13%	0.13%
WY	D	0.03%	0.09%	0.03%
WYNN	D	0.0%	0.03%	0.0%
XEL	A	0.2%	0.16%	0.16%
XOM	B	0.81%	2.19%	0.81%
XYL	D	0.01%	0.12%	0.01%
YUM	B	0.19%	0.15%	0.15%
Z	A	0.01%	0.06%	0.01%
ZBH	C	0.02%	0.09%	0.02%
ZBRA	B	0.01%	0.08%	0.01%

QUS Overweight 180 Positions Relative to SCHV

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%
ACN	C	1.18%
GOOG	C	1.12%
TMUS	B	0.78%
ADBE	C	0.71%
AMZN	C	0.69%
PGR	A	0.65%
MCK	B	0.61%
AVGO	D	0.58%
VRTX	F	0.57%
WCN	A	0.53%
ROP	B	0.46%
BLK	C	0.46%
ANET	C	0.39%
AZO	C	0.36%
GDDY	A	0.34%
FCNCA	A	0.34%
PANW	C	0.32%
FI	A	0.31%
LRCX	F	0.3%
CDNS	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%
ZTS	D	0.25%
REGN	F	0.25%
CMG	B	0.22%
MCO	B	0.21%
TDY	B	0.21%
HUM	C	0.2%
GWW	B	0.2%
FICO	B	0.2%
EG	C	0.18%
PTC	A	0.18%
UBER	D	0.18%
ADSK	A	0.16%
CTVA	C	0.16%
MKL	A	0.15%
WDAY	B	0.15%
LIN	D	0.15%
NFLX	A	0.14%
CPRT	A	0.14%
MOH	F	0.13%
IT	C	0.13%
ODFL	B	0.13%
CRM	B	0.12%
LULU	C	0.12%
IDXX	F	0.12%
EW	C	0.12%
NVR	D	0.11%
GE	D	0.11%
NBIX	C	0.11%
WBD	C	0.11%
TMO	F	0.1%
DHR	F	0.09%
TPL	A	0.09%
DECK	A	0.09%
CHTR	C	0.09%
RMD	C	0.09%
EME	C	0.08%
BLDR	D	0.08%
ULTA	F	0.08%
BMRN	D	0.08%
HUBS	A	0.08%
VEEV	C	0.08%
SPGI	C	0.07%
DPZ	C	0.07%
WAT	B	0.07%
TW	A	0.07%
MELI	D	0.07%
ALNY	D	0.07%
MPWR	F	0.07%
LPLA	A	0.07%
DELL	C	0.06%
AMD	F	0.06%
CRWD	B	0.06%
WST	C	0.06%
GEV	B	0.05%
JBHT	C	0.05%
FDS	B	0.05%
LNG	B	0.05%
ISRG	A	0.04%
INTU	C	0.04%
BKNG	A	0.04%
PH	A	0.04%
URI	B	0.04%
BKR	B	0.04%
EPAM	C	0.04%
POOL	C	0.04%
SMCI	F	0.03%
TRGP	B	0.03%
FSLR	F	0.03%
APO	B	0.03%
SQ	B	0.03%
CEG	D	0.03%
PAYC	B	0.03%
APP	B	0.02%
CPAY	A	0.02%
ABNB	C	0.02%
STZ	D	0.02%
VMC	B	0.02%
MLM	B	0.02%
MAR	B	0.02%
MRVL	B	0.02%
IQV	D	0.02%
HES	B	0.02%
EQIX	A	0.02%
ENPH	F	0.02%
TTD	B	0.01%
HOOD	B	0.01%
RIVN	F	0.01%
TYL	B	0.01%
MTD	D	0.01%
BIO	D	0.01%
LII	A	0.01%
ALGN	D	0.01%
QRVO	F	0.01%
LYV	A	0.01%
VRT	B	0.01%
SBAC	D	0.01%
PLTR	B	0.01%
ILMN	D	0.01%
CSGP	D	0.01%
CRL	C	0.01%
CTLT	B	0.01%
ANSS	B	0.01%
TDG	D	0.01%
MSCI	C	0.01%
DASH	A	0.01%
CSL	C	0.01%
AVTR	F	0.01%
FOX	A	0.01%
HLT	A	0.01%
FTNT	C	0.01%
MRNA	F	0.01%
TWLO	A	0.01%
TTWO	A	0.01%
COIN	C	0.01%
EFX	F	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%
PSTG	D	0.0%
DDOG	A	0.0%
H	B	0.0%
DT	C	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%
OKTA	C	0.0%
AXON	A	0.0%

QUS Underweight 109 Positions Relative to SCHV

Symbol	Grade	Weight
UAL	A	-0.12%
GWRE	A	-0.07%
USFD	A	-0.07%
RBA	A	-0.07%
XPO	B	-0.07%
NTNX	A	-0.07%
SOFI	A	-0.06%
EWBC	A	-0.06%
CW	B	-0.06%
FLEX	A	-0.06%
RGA	A	-0.06%
TOL	B	-0.06%
THC	D	-0.06%
LAMR	D	-0.05%
RRX	B	-0.05%
ATR	B	-0.05%
BJ	A	-0.05%
TPR	B	-0.05%
LECO	B	-0.05%
NCLH	B	-0.05%
JEF	A	-0.05%
UNM	A	-0.05%
SCI	B	-0.05%
ITT	A	-0.05%
TTEK	F	-0.05%
JLL	D	-0.05%
NVT	B	-0.05%
OGE	B	-0.04%
APG	B	-0.04%
CFR	B	-0.04%
ZION	B	-0.04%
AXTA	A	-0.04%
ORI	A	-0.04%
SNX	C	-0.04%
RGLD	C	-0.04%
AR	B	-0.04%
REXR	F	-0.04%
AAL	B	-0.04%
WCC	B	-0.04%
KBR	F	-0.04%
CMA	A	-0.04%
DCI	B	-0.04%
MORN	B	-0.04%
PR	B	-0.04%
TPX	B	-0.04%
GL	B	-0.04%
LAD	A	-0.04%
WAL	B	-0.04%
AYI	B	-0.04%
OHI	C	-0.04%
WBS	A	-0.04%
GME	C	-0.04%
CIEN	B	-0.04%
ARMK	B	-0.04%
EHC	B	-0.04%
PNW	B	-0.04%
AA	B	-0.04%
WWD	B	-0.04%
FHN	A	-0.04%
CUBE	D	-0.04%
STWD	C	-0.03%
BRKR	D	-0.03%
VFC	C	-0.03%
DAR	C	-0.03%
MTN	C	-0.03%
FMC	D	-0.03%
LSCC	D	-0.03%
ELAN	D	-0.03%
GNTX	C	-0.03%
CGNX	C	-0.03%
MASI	A	-0.03%
ALV	C	-0.03%
WEX	D	-0.03%
MHK	D	-0.03%
MIDD	C	-0.03%
AGNC	D	-0.03%
G	B	-0.03%
BERY	B	-0.03%
WH	B	-0.03%
NNN	D	-0.03%
RHI	B	-0.03%
JAZZ	B	-0.03%
BWA	D	-0.03%
IVZ	B	-0.03%
VOYA	B	-0.03%
ONTO	D	-0.03%
LNW	D	-0.03%
HAS	D	-0.03%
CBSH	A	-0.03%
CZR	F	-0.03%
EGP	F	-0.03%
FRT	B	-0.03%
ST	F	-0.02%
POST	C	-0.02%
AGCO	D	-0.02%
LEA	D	-0.02%
COLD	D	-0.02%
SIRI	C	-0.02%
ARW	D	-0.02%
UI	A	-0.01%
REYN	D	-0.01%
PPC	C	-0.01%
LCID	F	-0.01%
AGR	B	-0.01%
BOKF	B	-0.01%
COTY	F	-0.01%
ADTN	A	-0.01%
PAG	B	-0.01%
CNA	B	-0.0%