QUS vs. SPGM ETF Comparison

Comparison of SPDR MSCI USA Quality Mix ETF (QUS) to SPDR Portfolio MSCI Global Stock Market ETF (SPGM)

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

SPGM

SPDR Portfolio MSCI Global Stock Market ETF

SPGM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets.

Grade (RS Rating)

Last Trade

$64.85

Average Daily Volume

59,737

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

Performance

Period	QUS	SPGM
30 Days	1.13%	0.11%
60 Days	2.86%	1.66%
90 Days	3.85%	2.59%
12 Months	28.61%	24.96%

336 Overlapping Holdings

Symbol	Grade	Weight in QUS	Weight in SPGM	Overlap
A	D	0.11%	0.2%	0.11%
AAPL	C	3.24%	3.74%	3.24%
ABBV	F	0.49%	0.19%	0.19%
ABBV	F	0.49%	0.36%	0.36%
ABNB	C	0.02%	0.04%	0.02%
ABT	B	0.16%	0.34%	0.16%
ACN	B	1.18%	0.28%	0.28%
ADBE	C	0.71%	0.34%	0.34%
ADI	D	0.14%	0.16%	0.14%
ADM	D	0.08%	0.08%	0.08%
ADP	A	0.54%	0.23%	0.23%
ADSK	A	0.16%	0.01%	0.01%
AEP	C	0.19%	0.16%	0.16%
AES	F	0.01%	0.01%	0.01%
AFL	B	0.22%	0.26%	0.22%
ALB	B	0.02%	0.01%	0.01%
ALGN	D	0.01%	0.01%	0.01%
ALL	A	0.06%	0.16%	0.06%
ALLE	C	0.04%	0.04%	0.04%
ALLY	C	0.03%	0.01%	0.01%
ALNY	D	0.07%	0.01%	0.01%
AMAT	F	0.48%	0.24%	0.24%
AMD	F	0.06%	0.23%	0.06%
AMGN	F	0.27%	0.21%	0.21%
AMT	C	0.04%	0.16%	0.04%
AMZN	C	0.69%	2.13%	0.69%
ANET	C	0.39%	0.07%	0.07%
AON	A	0.21%	0.08%	0.08%
APA	D	0.05%	0.01%	0.01%
APD	A	0.05%	0.08%	0.05%
APH	A	0.71%	0.01%	0.01%
APP	B	0.02%	0.06%	0.02%
APTV	F	0.02%	0.0%	0.0%
AVGO	D	0.58%	0.87%	0.58%
AXON	A	0.0%	0.06%	0.0%
AXP	A	0.11%	0.36%	0.11%
BA	F	0.02%	0.1%	0.02%
BAC	A	0.69%	0.53%	0.53%
BAX	F	0.02%	0.05%	0.02%
BBWI	C	0.01%	0.01%	0.01%
BDX	F	0.24%	0.16%	0.16%
BEN	C	0.01%	0.05%	0.01%
BIIB	F	0.02%	0.07%	0.02%
BK	A	0.09%	0.19%	0.09%
BKNG	A	0.04%	0.31%	0.04%
BKR	A	0.04%	0.03%	0.03%
BLDR	D	0.08%	0.01%	0.01%
BLK	B	0.46%	0.09%	0.09%
BMY	B	0.34%	0.14%	0.14%
BRK.A	B	1.1%	0.73%	0.73%
BSX	A	0.04%	0.14%	0.04%
BURL	B	0.01%	0.0%	0.0%
BX	A	0.05%	0.06%	0.05%
C	A	0.45%	0.26%	0.26%
CAG	F	0.02%	0.04%	0.02%
CARR	C	0.04%	0.06%	0.04%
CAT	B	0.63%	0.3%	0.3%
CB	C	0.65%	0.27%	0.27%
CCL	A	0.01%	0.02%	0.01%
CDNS	B	0.29%	0.07%	0.07%
CEG	C	0.03%	0.12%	0.03%
CELH	F	0.0%	0.01%	0.0%
CF	A	0.03%	0.02%	0.02%
CFG	B	0.07%	0.02%	0.02%
CHD	A	0.14%	0.07%	0.07%
CHRD	D	0.01%	0.0%	0.0%
CHRW	B	0.02%	0.09%	0.02%
CHTR	C	0.09%	0.1%	0.09%
CI	D	0.24%	0.08%	0.08%
CL	D	0.17%	0.13%	0.13%
CLX	A	0.01%	0.12%	0.01%
CMCSA	B	0.42%	0.18%	0.18%
CME	B	0.23%	0.09%	0.09%
CMG	B	0.22%	0.11%	0.11%
CMI	A	0.17%	0.26%	0.17%
CNC	D	0.08%	0.0%	0.0%
CNH	C	0.03%	0.01%	0.01%
COF	C	0.17%	0.15%	0.15%
COIN	C	0.01%	0.06%	0.01%
COP	C	0.17%	0.18%	0.17%
COST	A	1.31%	0.56%	0.56%
CRM	B	0.12%	0.49%	0.12%
CRWD	B	0.06%	0.09%	0.06%
CSCO	B	1.34%	0.36%	0.36%
CSGP	D	0.01%	0.0%	0.0%
CSX	C	0.05%	0.19%	0.05%
CTSH	B	0.39%	0.13%	0.13%
CTVA	C	0.16%	0.07%	0.07%
CVS	D	0.29%	0.13%	0.13%
CVX	A	0.55%	0.35%	0.35%
DASH	B	0.01%	0.03%	0.01%
DD	C	0.04%	0.08%	0.04%
DDOG	A	0.0%	0.03%	0.0%
DE	B	0.1%	0.18%	0.1%
DELL	B	0.06%	0.02%	0.02%
DFS	B	0.07%	0.2%	0.07%
DHI	F	0.19%	0.0%	0.0%
DHR	F	0.09%	0.28%	0.09%
DIS	B	0.17%	0.3%	0.17%
DKNG	B	0.0%	0.02%	0.0%
DLR	B	0.04%	0.01%	0.01%
DLTR	F	0.02%	0.04%	0.02%
DOC	C	0.01%	0.05%	0.01%
DOCU	B	0.0%	0.01%	0.0%
DOW	F	0.06%	0.06%	0.06%
DT	D	0.0%	0.01%	0.0%
DUK	C	0.6%	0.1%	0.1%
DVN	F	0.04%	0.01%	0.01%
DXCM	C	0.0%	0.02%	0.0%
EA	A	0.31%	0.0%	0.0%
EBAY	D	0.02%	0.1%	0.02%
ECL	D	0.02%	0.14%	0.02%
EIX	B	0.04%	0.12%	0.04%
EL	F	0.01%	0.04%	0.01%
ELV	F	0.29%	0.17%	0.17%
EMR	B	0.05%	0.21%	0.05%
ENPH	F	0.02%	0.01%	0.01%
EOG	A	0.15%	0.16%	0.15%
EPAM	B	0.04%	0.01%	0.01%
EQIX	A	0.02%	0.05%	0.02%
EQR	C	0.02%	0.06%	0.02%
EQT	B	0.03%	0.0%	0.0%
ETN	A	0.05%	0.24%	0.05%
EXAS	D	0.0%	0.01%	0.0%
EXC	C	0.06%	0.06%	0.06%
EXPE	B	0.02%	0.01%	0.01%
F	C	0.16%	0.07%	0.07%
FAST	B	0.15%	0.13%	0.13%
FCX	F	0.04%	0.04%	0.04%
FDX	B	0.12%	0.18%	0.12%
FE	C	0.02%	0.07%	0.02%
FI	A	0.31%	0.05%	0.05%
FICO	B	0.2%	0.03%	0.03%
FIS	C	0.03%	0.01%	0.01%
FOXA	A	0.02%	0.05%	0.02%
FSLR	F	0.03%	0.02%	0.02%
FTNT	C	0.01%	0.03%	0.01%
FTV	C	0.02%	0.06%	0.02%
GD	D	0.07%	0.22%	0.07%
GE	D	0.11%	0.14%	0.11%
GEHC	D	0.03%	0.02%	0.02%
GEV	B	0.05%	0.07%	0.05%
GILD	C	0.43%	0.19%	0.19%
GIS	D	0.25%	0.05%	0.05%
GLW	B	0.14%	0.15%	0.14%
GM	C	0.32%	0.09%	0.09%
GOOG	C	1.12%	1.1%	1.1%
GOOGL	C	1.2%	1.1%	1.1%
GPN	B	0.04%	0.0%	0.0%
GS	A	0.3%	0.38%	0.3%
HAL	C	0.03%	0.05%	0.03%
HCA	F	0.06%	0.02%	0.02%
HD	B	0.35%	0.57%	0.35%
HES	B	0.02%	0.12%	0.02%
HON	C	0.53%	0.22%	0.22%
HPE	B	0.06%	0.07%	0.06%
HPQ	B	0.07%	0.11%	0.07%
HST	C	0.01%	0.0%	0.0%
HSY	F	0.18%	0.11%	0.11%
HUBS	A	0.08%	0.02%	0.02%
IBM	C	0.67%	0.27%	0.27%
ICE	C	0.14%	0.1%	0.1%
IDXX	F	0.12%	0.0%	0.0%
IFF	D	0.02%	0.02%	0.02%
ILMN	C	0.01%	0.01%	0.01%
INTC	C	0.18%	0.14%	0.14%
INTU	B	0.04%	0.38%	0.04%
IR	B	0.02%	0.13%	0.02%
ISRG	A	0.04%	0.18%	0.04%
ITW	B	0.27%	0.14%	0.14%
JCI	B	0.05%	0.18%	0.05%
JNJ	C	1.64%	0.39%	0.39%
JNPR	D	0.17%	0.06%	0.06%
JPM	A	1.06%	0.95%	0.95%
K	A	0.29%	0.07%	0.07%
KEYS	A	0.26%	0.12%	0.12%
KHC	F	0.18%	0.0%	0.0%
KIM	A	0.02%	0.0%	0.0%
KKR	A	0.04%	0.11%	0.04%
KLAC	F	0.29%	0.04%	0.04%
KMB	C	0.1%	0.11%	0.1%
KMI	A	0.07%	0.03%	0.03%
KO	D	0.81%	0.29%	0.29%
KVUE	A	0.04%	0.04%	0.04%
LDOS	C	0.02%	0.03%	0.02%
LIN	C	0.15%	0.32%	0.15%
LLY	F	1.92%	0.7%	0.7%
LMT	D	0.72%	0.25%	0.25%
LOW	C	0.13%	0.31%	0.13%
LRCX	F	0.3%	0.06%	0.06%
LULU	C	0.12%	0.02%	0.02%
LVS	B	0.01%	0.04%	0.01%
LW	C	0.03%	0.04%	0.03%
LYB	F	0.04%	0.07%	0.04%
MA	B	1.69%	0.43%	0.43%
MCD	D	0.5%	0.23%	0.23%
MCK	A	0.61%	0.25%	0.25%
MCO	B	0.21%	0.02%	0.02%
MDB	B	0.0%	0.02%	0.0%
MDLZ	F	0.22%	0.05%	0.05%
MDT	D	0.15%	0.23%	0.15%
MELI	C	0.07%	0.1%	0.07%
MET	A	0.09%	0.2%	0.09%
META	D	2.32%	1.43%	1.43%
MKC	C	0.01%	0.11%	0.01%
MMC	B	0.69%	0.17%	0.17%
MMM	D	0.28%	0.1%	0.1%
MO	A	0.07%	0.09%	0.07%
MOS	F	0.03%	0.02%	0.02%
MPC	D	0.32%	0.17%	0.17%
MPWR	F	0.07%	0.02%	0.02%
MRK	D	0.46%	0.31%	0.31%
MRNA	F	0.01%	0.01%	0.01%
MRO	B	0.04%	0.07%	0.04%
MRVL	B	0.02%	0.05%	0.02%
MS	A	0.21%	0.32%	0.21%
MSFT	D	2.7%	3.35%	2.7%
MSTR	B	0.0%	0.05%	0.0%
MTB	A	0.08%	0.13%	0.08%
MTCH	D	0.01%	0.0%	0.0%
MU	D	0.07%	0.07%	0.07%
NEE	C	0.1%	0.25%	0.1%
NEM	D	0.18%	0.03%	0.03%
NET	B	0.0%	0.03%	0.0%
NFLX	A	0.14%	0.37%	0.14%
NKE	F	0.28%	0.18%	0.18%
NOC	D	0.55%	0.16%	0.16%
NOW	A	0.27%	0.16%	0.16%
NSC	B	0.05%	0.17%	0.05%
NTAP	C	0.16%	0.1%	0.1%
NUE	C	0.07%	0.02%	0.02%
NVDA	B	2.76%	4.01%	2.76%
NWSA	A	0.01%	0.01%	0.01%
NXPI	D	0.03%	0.01%	0.01%
ODFL	C	0.13%	0.01%	0.01%
OKTA	C	0.0%	0.01%	0.0%
ON	D	0.02%	0.01%	0.01%
ORCL	A	0.53%	0.43%	0.43%
ORLY	B	0.26%	0.22%	0.22%
OTIS	C	0.04%	0.04%	0.04%
OVV	B	0.03%	0.0%	0.0%
OXY	D	0.1%	0.05%	0.05%
PANW	B	0.32%	0.11%	0.11%
PARA	C	0.03%	0.02%	0.02%
PCG	A	0.06%	0.0%	0.0%
PEG	A	0.04%	0.15%	0.04%
PEP	F	1.01%	0.26%	0.26%
PFE	F	0.33%	0.17%	0.17%
PG	C	0.59%	0.49%	0.49%
PGR	A	0.65%	0.17%	0.17%
PH	A	0.04%	0.17%	0.04%
PINS	F	0.0%	0.01%	0.0%
PLD	F	0.08%	0.23%	0.08%
PLTR	B	0.01%	0.13%	0.01%
PM	B	0.11%	0.21%	0.11%
PNC	B	0.17%	0.17%	0.17%
PNR	A	0.01%	0.01%	0.01%
PODD	C	0.0%	0.0%	0.0%
PPL	A	0.03%	0.08%	0.03%
PRU	A	0.08%	0.16%	0.08%
PSA	C	0.14%	0.22%	0.14%
PSX	C	0.14%	0.05%	0.05%
PYPL	B	0.08%	0.15%	0.08%
QCOM	F	0.55%	0.27%	0.27%
RBLX	C	0.0%	0.02%	0.0%
RCL	A	0.01%	0.04%	0.01%
REG	A	0.01%	0.0%	0.0%
REGN	F	0.25%	0.09%	0.09%
RIVN	F	0.01%	0.01%	0.01%
ROKU	D	0.0%	0.01%	0.0%
ROST	D	0.03%	0.17%	0.03%
RTX	D	0.18%	0.33%	0.18%
SBUX	A	0.06%	0.2%	0.06%
SCHW	B	0.07%	0.18%	0.07%
SHW	B	0.26%	0.03%	0.03%
SJM	D	0.02%	0.07%	0.02%
SLB	C	0.05%	0.07%	0.05%
SMCI	F	0.03%	0.01%	0.01%
SNAP	D	0.0%	0.01%	0.0%
SNOW	B	0.0%	0.03%	0.0%
SNPS	B	0.28%	0.04%	0.04%
SO	C	0.54%	0.07%	0.07%
SOLV	D	0.06%	0.01%	0.01%
SPG	A	0.03%	0.15%	0.03%
SPGI	C	0.07%	0.24%	0.07%
SQ	A	0.03%	0.01%	0.01%
SQ	A	0.03%	0.03%	0.03%
STT	B	0.06%	0.08%	0.06%
STX	C	0.07%	0.06%	0.06%
SYF	B	0.06%	0.06%	0.06%
SYK	B	0.05%	0.2%	0.05%
SYY	D	0.05%	0.12%	0.05%
T	A	0.69%	0.21%	0.21%
TDG	D	0.01%	0.01%	0.01%
TEAM	A	0.0%	0.03%	0.0%
TGT	F	0.1%	0.12%	0.1%
TJX	A	0.56%	0.35%	0.35%
TMO	F	0.1%	0.38%	0.1%
TMUS	B	0.78%	0.07%	0.07%
TOST	B	0.0%	0.02%	0.0%
TRV	B	0.47%	0.21%	0.21%
TSLA	B	0.28%	1.01%	0.28%
TSN	B	0.3%	0.08%	0.08%
TT	A	0.26%	0.19%	0.19%
TTD	B	0.01%	0.05%	0.01%
TTWO	A	0.01%	0.0%	0.0%
TWLO	A	0.01%	0.01%	0.01%
TXN	C	1.06%	0.37%	0.37%
UBER	F	0.18%	0.13%	0.13%
UNH	B	2.21%	0.68%	0.68%
UNP	C	0.08%	0.26%	0.08%
UPS	C	0.11%	0.11%	0.11%
URI	C	0.04%	0.02%	0.02%
USB	A	0.16%	0.12%	0.12%
V	A	1.91%	0.7%	0.7%
VEEV	C	0.08%	0.02%	0.02%
VLO	C	0.15%	0.11%	0.11%
VLTO	C	0.08%	0.04%	0.04%
VRT	B	0.01%	0.07%	0.01%
VRTX	D	0.57%	0.07%	0.07%
VTRS	A	0.05%	0.01%	0.01%
VZ	C	0.81%	0.14%	0.14%
WBA	F	0.06%	0.01%	0.01%
WBD	B	0.11%	0.02%	0.02%
WDAY	B	0.15%	0.02%	0.02%
WDC	D	0.02%	0.06%	0.02%
WFC	A	0.5%	0.44%	0.44%
WM	B	0.52%	0.22%	0.22%
WMB	A	0.15%	0.08%	0.08%
WMT	A	0.94%	0.41%	0.41%
XOM	B	0.81%	0.68%	0.68%
YUM	D	0.19%	0.11%	0.11%
Z	A	0.01%	0.01%	0.01%
ZM	C	0.01%	0.02%	0.01%
ZS	B	0.0%	0.02%	0.0%
ZTS	D	0.25%	0.09%	0.09%

QUS Overweight 249 Positions Relative to SPGM

Symbol	Grade	Weight
MSI	B	0.63%
RSG	A	0.54%
WCN	A	0.53%
AJG	A	0.46%
ROP	B	0.46%
ED	C	0.42%
ACGL	C	0.38%
AZO	C	0.36%
COR	B	0.35%
GDDY	A	0.34%
FCNCA	A	0.34%
KR	B	0.31%
WEC	A	0.29%
CBOE	C	0.29%
FFIV	B	0.23%
KDP	F	0.23%
CTAS	B	0.23%
FANG	C	0.22%
VRSN	C	0.22%
TDY	B	0.21%
HUM	C	0.2%
GWW	B	0.2%
BAH	F	0.2%
INCY	C	0.2%
GRMN	B	0.2%
XEL	A	0.2%
CDW	F	0.19%
EG	C	0.18%
PTC	B	0.18%
ERIE	D	0.17%
ROL	B	0.17%
TFC	A	0.16%
WTW	B	0.16%
PAYX	B	0.16%
MKL	A	0.15%
VRSK	A	0.15%
AFG	A	0.15%
D	C	0.14%
CPRT	B	0.14%
AKAM	D	0.14%
MOH	F	0.13%
IT	C	0.13%
GEN	B	0.13%
MNST	C	0.12%
CPB	D	0.12%
AIG	B	0.12%
CAH	B	0.12%
WRB	A	0.12%
EW	C	0.12%
L	A	0.12%
AIZ	A	0.12%
NVR	D	0.11%
PHM	D	0.11%
NBIX	C	0.11%
AEE	A	0.11%
DTE	C	0.1%
MCHP	F	0.1%
UTHR	C	0.1%
ROK	C	0.1%
PKG	A	0.09%
TPL	A	0.09%
CMS	C	0.09%
DECK	A	0.09%
TSCO	D	0.09%
HIG	B	0.09%
TROW	B	0.09%
RMD	C	0.09%
BBY	D	0.09%
EME	A	0.08%
HRL	D	0.08%
ULTA	F	0.08%
BMRN	F	0.08%
HUBB	B	0.07%
MANH	D	0.07%
DPZ	C	0.07%
WAT	C	0.07%
OMC	C	0.07%
TW	A	0.07%
HOLX	D	0.07%
LPLA	A	0.07%
PCAR	B	0.06%
WSO	A	0.06%
HBAN	A	0.06%
WSM	C	0.06%
DGX	A	0.06%
RF	A	0.06%
FITB	B	0.06%
LEN	D	0.06%
SRE	A	0.06%
EXPD	C	0.06%
SNA	A	0.06%
WST	C	0.06%
BG	D	0.05%
ETR	B	0.05%
SWKS	F	0.05%
GGG	B	0.05%
IEX	C	0.05%
CBRE	B	0.05%
LNT	A	0.05%
JBHT	C	0.05%
FDS	B	0.05%
OKE	A	0.05%
LNG	A	0.05%
WELL	A	0.04%
VICI	C	0.04%
JKHY	D	0.04%
KNX	C	0.04%
IP	A	0.04%
AMP	A	0.04%
ATO	A	0.04%
STLD	B	0.04%
O	C	0.04%
LHX	C	0.04%
KEY	B	0.04%
POOL	C	0.04%
TER	F	0.04%
CCI	C	0.03%
ES	C	0.03%
RS	B	0.03%
TTC	C	0.03%
SW	A	0.03%
NRG	B	0.03%
AOS	F	0.03%
ACI	C	0.03%
KMX	B	0.03%
TRGP	A	0.03%
BR	A	0.03%
APO	B	0.03%
WY	F	0.03%
JBL	C	0.03%
MKTX	D	0.03%
SEIC	B	0.03%
LH	B	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%
SSNC	B	0.02%
CPAY	A	0.02%
CCK	D	0.02%
BALL	F	0.02%
STZ	D	0.02%
LKQ	F	0.02%
VMC	B	0.02%
AWK	C	0.02%
AMCR	C	0.02%
EMN	C	0.02%
NDAQ	A	0.02%
DOV	A	0.02%
MLM	C	0.02%
VTR	B	0.02%
GPC	D	0.02%
ARE	F	0.02%
UHS	D	0.02%
NI	A	0.02%
EQH	C	0.02%
J	D	0.02%
MAR	A	0.02%
TXT	D	0.02%
AVB	B	0.02%
OC	A	0.02%
IQV	F	0.02%
FNF	B	0.02%
CRBG	B	0.02%
CNP	A	0.02%
DG	F	0.02%
EVRG	A	0.02%
VST	A	0.02%
WAB	B	0.02%
SWK	D	0.02%
PWR	A	0.02%
ZBH	C	0.02%
EXR	C	0.02%
DINO	D	0.02%
AME	A	0.02%
TAP	C	0.02%
PPG	F	0.02%
HOOD	B	0.01%
ENTG	D	0.01%
TYL	B	0.01%
MTD	F	0.01%
BIO	C	0.01%
LUV	C	0.01%
NDSN	B	0.01%
LII	A	0.01%
QRVO	F	0.01%
LYV	A	0.01%
TFX	F	0.01%
SBAC	D	0.01%
ARES	A	0.01%
UDR	B	0.01%
UHAL	D	0.01%
AMH	C	0.01%
WLK	D	0.01%
CRL	D	0.01%
CTLT	C	0.01%
RPRX	D	0.01%
ANSS	B	0.01%
MGM	D	0.01%
MSCI	C	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%
TRU	D	0.01%
CSL	C	0.01%
AVTR	F	0.01%
FOX	A	0.01%
ESS	B	0.01%
IRM	C	0.01%
MAS	D	0.01%
RPM	A	0.01%
HLT	A	0.01%
SUI	C	0.01%
CE	F	0.01%
WPC	C	0.01%
STE	D	0.01%
ZBRA	B	0.01%
HSIC	C	0.01%
INVH	D	0.01%
TRMB	B	0.01%
MAA	B	0.01%
ACM	B	0.01%
DAL	B	0.01%
XYL	D	0.01%
EFX	F	0.01%
HWM	A	0.01%
DKS	D	0.01%
BRO	B	0.01%
IPG	D	0.01%
CG	B	0.01%
BXP	C	0.01%
RVTY	F	0.01%
IOT	A	0.0%
BSY	F	0.0%
PSTG	D	0.0%
H	B	0.0%
WYNN	C	0.0%
HEI	A	0.0%
DAY	B	0.0%
ELS	C	0.0%
HEI	A	0.0%
TECH	F	0.0%

QUS Underweight 667 Positions Relative to SPGM

Symbol	Grade	Weight
TSM	B	-0.99%
TM	F	-0.26%
SONY	B	-0.22%
NVS	F	-0.22%
BABA	D	-0.2%
HSBH	B	-0.19%
MUFG	B	-0.17%
IBN	C	-0.17%
INFY	C	-0.16%
UL	D	-0.16%
SHOP	B	-0.14%
CNI	F	-0.13%
RDY	F	-0.12%
ROIC	A	-0.12%
TD	D	-0.11%
UMH	B	-0.09%
AZN	F	-0.08%
PDD	F	-0.08%
SMFG	B	-0.08%
CHT	C	-0.08%
BCS	A	-0.07%
DEO	F	-0.07%
MFG	A	-0.07%
NXRT	B	-0.07%
TCOM	B	-0.07%
DEA	D	-0.06%
UMC	F	-0.06%
WIT	B	-0.06%
VALE	F	-0.06%
HDB	C	-0.06%
STLA	F	-0.05%
ITUB	F	-0.05%
NMR	B	-0.05%
MOD	A	-0.05%
GOOD	B	-0.05%
LYG	D	-0.05%
E	F	-0.05%
AA	A	-0.04%
YUMC	C	-0.04%
KB	B	-0.04%
SE	A	-0.04%
PKX	D	-0.04%
TPR	B	-0.04%
HMC	F	-0.03%
LNTH	D	-0.03%
ITCI	C	-0.03%
LNW	F	-0.03%
FTI	A	-0.03%
AXNX	A	-0.03%
QTWO	A	-0.03%
WTTR	A	-0.03%
NU	C	-0.03%
TAC	A	-0.03%
BIDU	F	-0.03%
BBD	D	-0.03%
PBR	D	-0.03%
TBBK	B	-0.03%
CVNA	B	-0.03%
BRSP	C	-0.03%
DX	B	-0.03%
VERX	A	-0.02%
TGTX	B	-0.02%
ACEL	C	-0.02%
GGB	C	-0.02%
OII	B	-0.02%
AGYS	A	-0.02%
AIV	C	-0.02%
AZEK	A	-0.02%
IIPR	D	-0.02%
AFRM	A	-0.02%
GOLD	C	-0.02%
ABEV	F	-0.02%
SKY	A	-0.02%
AHH	D	-0.02%
CHCT	C	-0.02%
TTGT	B	-0.02%
TMDX	F	-0.02%
RKLB	A	-0.02%
CHX	C	-0.02%
HOV	D	-0.02%
LI	F	-0.02%
BABA	D	-0.02%
ADMA	B	-0.02%
SHG	C	-0.02%
MT	B	-0.02%
HIMS	B	-0.02%
MITK	C	-0.01%
AI	B	-0.01%
LASR	D	-0.01%
KYMR	D	-0.01%
CYH	F	-0.01%
BOOT	C	-0.01%
BLFS	C	-0.01%
PRTA	F	-0.01%
ACMR	D	-0.01%
PACB	F	-0.01%
CTLP	B	-0.01%
BLBD	D	-0.01%
SMR	B	-0.01%
NR	B	-0.01%
ZLAB	C	-0.01%
CCO	C	-0.01%
FRO	D	-0.01%
PGC	B	-0.01%
M	F	-0.01%
LC	A	-0.01%
FLYW	B	-0.01%
PCT	C	-0.01%
BASE	B	-0.01%
ALKT	B	-0.01%
GDYN	B	-0.01%
KOP	C	-0.01%
EXPI	D	-0.01%
WSR	A	-0.01%
GATO	C	-0.01%
DXC	B	-0.01%
OMI	F	-0.01%
BCRX	D	-0.01%
LAZR	D	-0.01%
PHI	D	-0.01%
SLP	D	-0.01%
CLDX	F	-0.01%
NOV	C	-0.01%
IMVT	F	-0.01%
IDYA	F	-0.01%
PIXY	F	-0.01%
JKS	F	-0.01%
PACK	B	-0.01%
PTEN	C	-0.01%
KC	B	-0.01%
BTU	B	-0.01%
COHR	B	-0.01%
U	C	-0.01%
ITRI	C	-0.01%
PCH	F	-0.01%
RLX	C	-0.01%
AUPH	B	-0.01%
GTLB	B	-0.01%
CROX	D	-0.01%
COLL	F	-0.01%
SMAR	B	-0.01%
VMEO	B	-0.01%
SRPT	F	-0.01%
VICR	C	-0.01%
HASI	D	-0.01%
CLNE	F	-0.01%
ALEX	B	-0.01%
PHR	F	-0.01%
CIFR	C	-0.01%
RDFN	D	-0.01%
BGNE	D	-0.01%
YETI	D	-0.01%
GNRC	C	-0.01%
ZETA	D	-0.01%
PNTG	D	-0.01%
AGNC	C	-0.01%
EFC	C	-0.01%
DQ	F	-0.01%
CZR	F	-0.01%
RCUS	F	-0.01%
FBK	C	-0.01%
KD	B	-0.01%
DOCS	C	-0.01%
AUR	C	-0.01%
BILL	A	-0.01%
SEMR	C	-0.01%
RIOT	C	-0.01%
CCB	A	-0.01%
LWLG	D	-0.01%
SID	F	-0.01%
TWST	F	-0.01%
USLM	A	-0.01%
PTCT	B	-0.01%
MCB	B	-0.01%
RNA	C	-0.01%
ULH	C	-0.01%
LIND	C	-0.01%
AMSC	B	-0.01%
MCRI	A	-0.01%
TGI	B	-0.01%
MGNI	B	-0.01%
INMD	C	-0.01%
PEN	B	-0.01%
OSW	B	-0.01%
LOB	C	-0.01%
MBIN	F	-0.01%
BZH	C	-0.01%
DH	F	-0.01%
MNDY	C	-0.01%
XPO	B	-0.01%
TREX	C	-0.01%
CCS	D	-0.01%
FUTU	D	-0.01%
BE	B	-0.01%
CASH	B	-0.01%
SDGR	C	-0.01%
ARWR	D	-0.01%
TREE	F	-0.01%
AKO.A	F	-0.01%
GERN	D	-0.01%
ENS	F	-0.01%
VSTO	A	-0.01%
LUMN	C	-0.01%
THR	B	-0.01%
CPRX	C	-0.01%
TFIN	B	-0.01%
MDGL	B	-0.01%
AAOI	B	-0.01%
SCCO	F	-0.01%
TME	D	-0.01%
FOUR	A	-0.01%
CLDT	B	-0.01%
MRC	B	-0.01%
PBF	D	-0.01%
CLBT	B	-0.01%
NBR	C	-0.01%
CLSK	C	-0.01%
NIO	F	-0.01%
TTI	B	-0.01%
CENX	B	-0.01%
AKRO	B	-0.01%
INTA	B	-0.01%
FLNG	C	-0.01%
MARA	B	-0.01%
GMS	B	-0.01%
HSTM	B	-0.01%
RDNT	B	-0.01%
BHF	C	-0.01%
LBRDK	C	-0.01%
AAON	B	-0.01%
TDOC	C	-0.01%
GME	C	-0.01%
RVLV	A	-0.01%
PAY	A	-0.01%
UPST	B	-0.01%
MHO	D	-0.01%
BBIO	F	-0.01%
ABR	C	-0.01%
GSAT	C	-0.01%
KOS	D	-0.01%
KSS	F	-0.01%
ERJ	A	-0.01%
BEKE	D	-0.01%
DVAX	C	-0.01%
VNT	C	-0.01%
XPEV	C	-0.01%
KEX	B	-0.01%
ORA	B	-0.01%
INSP	D	-0.01%
GMRE	F	-0.01%
PTON	A	-0.01%
VIPS	F	-0.01%
COMP	B	-0.01%
DDD	C	-0.01%
EPRT	B	-0.01%
MATX	C	-0.01%
TAL	F	-0.01%
GRBK	D	-0.01%
TEVA	C	-0.01%
IMXI	B	-0.01%
PLAY	D	-0.01%
RYTM	C	-0.01%
DYN	F	-0.01%
SRRK	C	-0.01%
MTDR	B	-0.01%
SOFI	B	-0.01%
POWL	C	-0.01%
PLMR	A	-0.01%
KRYS	C	-0.0%
LI	F	-0.0%
AGL	F	-0.0%
XPEV	C	-0.0%
SCLX	F	-0.0%
SMWB	A	-0.0%
JAMF	F	-0.0%
OEC	C	-0.0%
MP	C	-0.0%
JOBY	B	-0.0%
CRCT	F	-0.0%
TH	C	-0.0%
WOLF	F	-0.0%
FLWS	D	-0.0%
BMBL	C	-0.0%
DAN	D	-0.0%
CGEM	F	-0.0%
MLCO	F	-0.0%
SEDG	F	-0.0%
ASTH	F	-0.0%
HDSN	F	-0.0%
MRVI	F	-0.0%
MGPI	F	-0.0%
BOC	C	-0.0%
ZEUS	C	-0.0%
SHEN	F	-0.0%
SAGE	F	-0.0%
DENN	D	-0.0%
SPRY	C	-0.0%
PKST	F	-0.0%
KE	C	-0.0%
LGIH	F	-0.0%
MLNK	C	-0.0%
FLGT	F	-0.0%
FIGS	F	-0.0%
ITOS	F	-0.0%
LSCC	D	-0.0%
OLPX	D	-0.0%
MXL	C	-0.0%
GRPN	F	-0.0%
SNCY	C	-0.0%
MNSO	D	-0.0%
VRE	B	-0.0%
PRVA	C	-0.0%
FNA	B	-0.0%
MAX	F	-0.0%
EYE	C	-0.0%
RENB	F	-0.0%
ORLA	C	-0.0%
PUMP	C	-0.0%
TPB	B	-0.0%
PD	C	-0.0%
KRNT	B	-0.0%
RGNX	D	-0.0%
SVC	F	-0.0%
REPL	D	-0.0%
VIR	D	-0.0%
PARR	F	-0.0%
NABL	F	-0.0%
CEVA	B	-0.0%
LYEL	F	-0.0%
BVN	D	-0.0%
CTKB	C	-0.0%
FSBC	C	-0.0%
HOG	D	-0.0%
CRSR	C	-0.0%
SGRY	F	-0.0%
OLO	A	-0.0%
OLMA	F	-0.0%
TMCI	C	-0.0%
HUMA	F	-0.0%
PFC	B	-0.0%
GOGO	C	-0.0%
COTY	F	-0.0%
MBAVU	C	-0.0%
ICHR	C	-0.0%
IRTC	C	-0.0%
HE	C	-0.0%
SWBI	C	-0.0%
CNDT	C	-0.0%
IBP	D	-0.0%
ELVN	D	-0.0%
MAT	D	-0.0%
ZUO	B	-0.0%
LAND	F	-0.0%
TLRY	F	-0.0%
APLS	F	-0.0%
ETNB	C	-0.0%
KRUS	B	-0.0%
RIG	D	-0.0%
LILAK	D	-0.0%
SAVA	C	-0.0%
CECO	B	-0.0%
HAE	C	-0.0%
LPRO	B	-0.0%
CALX	D	-0.0%
SHLS	F	-0.0%
XPOF	C	-0.0%
CXM	C	-0.0%
APPN	B	-0.0%
THRM	F	-0.0%
CAR	C	-0.0%
GDS	C	-0.0%
PDFS	C	-0.0%
QFIN	A	-0.0%
QTRX	F	-0.0%
AOSL	C	-0.0%
NMIH	C	-0.0%
AMRC	F	-0.0%
ESTA	D	-0.0%
SHC	F	-0.0%
XPRO	D	-0.0%
THO	B	-0.0%
XHR	B	-0.0%
DJT	C	-0.0%
DBI	F	-0.0%
RXST	F	-0.0%
FBRT	D	-0.0%
NCNO	C	-0.0%
ATRO	D	-0.0%
MQ	D	-0.0%
SM	B	-0.0%
PUBM	C	-0.0%
DNOW	B	-0.0%
ADUS	D	-0.0%
ATEC	C	-0.0%
LESL	D	-0.0%
HURN	C	-0.0%
BROS	A	-0.0%
CLF	F	-0.0%
ENIC	B	-0.0%
CEIX	A	-0.0%
NVRI	D	-0.0%
MDXG	B	-0.0%
UCTT	D	-0.0%
CUBI	B	-0.0%
AMRK	F	-0.0%
FDMT	F	-0.0%
LXRX	F	-0.0%
STAA	F	-0.0%
YMAB	F	-0.0%
MNTK	F	-0.0%
NARI	C	-0.0%
ATEN	A	-0.0%
IOVA	F	-0.0%
DGII	C	-0.0%
GKOS	B	-0.0%
UVV	B	-0.0%
HAYN	A	-0.0%
YOU	D	-0.0%
SIBN	F	-0.0%
MERC	F	-0.0%
VNET	B	-0.0%
ORIC	F	-0.0%
PRO	C	-0.0%
TASK	C	-0.0%
CHEF	A	-0.0%
ARLO	C	-0.0%
NNDM	D	-0.0%
IDT	B	-0.0%
VTLE	C	-0.0%
NOVA	F	-0.0%
ARDX	F	-0.0%
S	B	-0.0%
HL	D	-0.0%
ALHC	C	-0.0%
IAS	C	-0.0%
SABR	C	-0.0%
SANA	F	-0.0%
ULCC	D	-0.0%
SKE	C	-0.0%
HAYW	B	-0.0%
TITN	C	-0.0%
ARQT	B	-0.0%
NEOG	F	-0.0%
GDRX	F	-0.0%
CYRX	F	-0.0%
PENN	C	-0.0%
GH	B	-0.0%
FVRR	B	-0.0%
CDNA	D	-0.0%
AVNS	F	-0.0%
RVNC	F	-0.0%
NEXT	C	-0.0%
KRNY	C	-0.0%
MEG	F	-0.0%
SIGA	F	-0.0%
TNDM	D	-0.0%
DHC	F	-0.0%
ATHM	C	-0.0%
EB	C	-0.0%
NTLA	F	-0.0%
FSLY	D	-0.0%
FIZZ	C	-0.0%
CYTK	F	-0.0%
RRC	B	-0.0%
PCVX	D	-0.0%
GLBE	B	-0.0%
RKT	F	-0.0%
VCYT	B	-0.0%
NVCR	C	-0.0%
EMBC	C	-0.0%
TXG	F	-0.0%
VZIO	A	-0.0%
STOK	F	-0.0%
ZI	D	-0.0%
HTHT	D	-0.0%
YY	B	-0.0%
SITM	B	-0.0%
UWMC	D	-0.0%
AR	B	-0.0%
METC	C	-0.0%
ADNT	F	-0.0%
BIGC	B	-0.0%
EWCZ	F	-0.0%
EYPT	D	-0.0%
WGO	C	-0.0%
FC	F	-0.0%
GNK	D	-0.0%
SOUN	B	-0.0%
PHAT	F	-0.0%
ARRY	F	-0.0%
LMND	B	-0.0%
OSPN	A	-0.0%
SNDX	F	-0.0%
BEAM	D	-0.0%
BHB	C	-0.0%
ENVA	B	-0.0%
FIVN	C	-0.0%
NVAX	F	-0.0%
CFLT	B	-0.0%
HRI	C	-0.0%
MTW	C	-0.0%
AMC	C	-0.0%
CRMT	D	-0.0%
DFH	D	-0.0%
IIIV	C	-0.0%
UNIT	B	-0.0%
EVH	F	-0.0%
WOOF	D	-0.0%
INN	D	-0.0%
GDOT	D	-0.0%
CDMO	A	-0.0%
EGBN	B	-0.0%
APPF	B	-0.0%
ARCT	F	-0.0%
HUYA	F	-0.0%
MOMO	D	-0.0%
BRBR	A	-0.0%
NX	C	-0.0%
INSW	F	-0.0%
TRNS	D	-0.0%
OSCR	D	-0.0%
ALT	C	-0.0%
FROG	C	-0.0%
JANX	C	-0.0%
ACLS	F	-0.0%
INDI	C	-0.0%
FRSH	B	-0.0%
FATE	F	-0.0%
ATUS	B	-0.0%
BXC	B	-0.0%
QNST	B	-0.0%
ERAS	C	-0.0%
GXO	B	-0.0%
NTRA	A	-0.0%
GRAB	A	-0.0%
IQ	F	-0.0%
ALEC	F	-0.0%
RCKT	F	-0.0%
BRZE	C	-0.0%
AX	B	-0.0%
VSCO	C	-0.0%
DIN	C	-0.0%
FUBO	D	-0.0%
AXSM	B	-0.0%
TUYA	D	-0.0%
RXRX	F	-0.0%
VPG	F	-0.0%
ETSY	D	-0.0%
CCBG	B	-0.0%
LMB	B	-0.0%
ATKR	D	-0.0%
BYND	F	-0.0%
LCID	F	-0.0%
RVMD	C	-0.0%
CERT	F	-0.0%
CSTL	D	-0.0%
ESTC	C	-0.0%
PFSI	C	-0.0%
VRNS	D	-0.0%
ARVN	F	-0.0%
YEXT	B	-0.0%
ELF	C	-0.0%
UEC	B	-0.0%
NSSC	D	-0.0%
TRUP	B	-0.0%
NUVL	C	-0.0%
ASPN	F	-0.0%
NUVB	C	-0.0%
SPT	C	-0.0%
DUOL	A	-0.0%
VITL	D	-0.0%
DCO	C	-0.0%
KLG	B	-0.0%
IIIN	C	-0.0%
RLAY	F	-0.0%
DOCN	C	-0.0%
JELD	F	-0.0%
PLPC	B	-0.0%
SPR	D	-0.0%
CASS	C	-0.0%
RGEN	D	-0.0%
SAM	C	-0.0%
VRDN	D	-0.0%
ALLO	F	-0.0%
RNG	C	-0.0%
JBI	F	-0.0%
SITE	F	-0.0%
ENFN	B	-0.0%
IBUY	B	-0.0%
LSPD	C	-0.0%
ANF	F	-0.0%
RLJ	C	-0.0%
PRG	C	-0.0%
PTGX	D	-0.0%
RUN	F	-0.0%
ACVA	B	-0.0%
HCP	B	-0.0%
WRBY	A	-0.0%
RPAY	D	-0.0%
CIG	C	-0.0%
AMPS	C	-0.0%
CHGX	A	-0.0%
CC	C	-0.0%
CLOV	D	-0.0%
ACHR	B	-0.0%
PLUG	F	-0.0%
EDIT	F	-0.0%
KEP	B	-0.0%
VVI	C	-0.0%
REZI	A	-0.0%
PL	B	-0.0%
PATH	C	-0.0%
DMRC	B	-0.0%
BZ	F	-0.0%
BILI	D	-0.0%
PLAB	C	-0.0%
CIB	B	-0.0%
NCLH	B	-0.0%
ENVX	F	-0.0%
RAMP	B	-0.0%
OGN	F	-0.0%
NPAB	F	-0.0%
QS	F	-0.0%
WRLD	C	-0.0%
CHPT	F	-0.0%
NVT	B	-0.0%
EVRI	A	-0.0%
APLD	B	-0.0%
DRH	B	-0.0%
KREF	C	-0.0%
LYFT	C	-0.0%
EXTR	C	-0.0%
ROIV	C	-0.0%
PAYO	A	-0.0%
BLND	A	-0.0%
AMG	B	-0.0%
UPWK	B	-0.0%
ROCK	C	-0.0%
WULF	C	-0.0%
HSII	B	-0.0%
LEU	C	-0.0%
VKTX	F	-0.0%
OPEN	F	-0.0%
NEO	C	-0.0%
ASAN	B	-0.0%
FLNC	D	-0.0%
PAR	A	-0.0%
BJRI	C	-0.0%
REPX	A	-0.0%
NRIX	C	-0.0%
LEGH	D	-0.0%
PRCT	B	-0.0%
CARS	C	-0.0%
TIGR	D	-0.0%
AMR	C	-0.0%
WIX	A	-0.0%
ELAN	D	-0.0%
SONO	C	-0.0%
CDE	C	-0.0%
SQM	D	-0.0%
W	D	-0.0%
MNMD	C	-0.0%
VERV	F	-0.0%
HEES	C	-0.0%
WEAV	C	-0.0%
XMTR	B	-0.0%
CMPR	D	-0.0%