QVML vs. ACWI ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to iShares MSCI ACWI Index Fund (ACWI)

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.76

Average Daily Volume

1,109

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$117.76

Average Daily Volume

2,628,104

Number of Holdings ^*

597

* may have additional holdings in another (foreign) market

Performance

Period	QVML	ACWI
30 Days	1.50%	1.29%
60 Days	2.56%	2.70%
90 Days	4.17%	5.00%
12 Months	34.52%	28.46%

430 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in ACWI	Overlap
	A	C	0.09%	0.05%	0.05%
	AAPL	C	6.84%	4.26%	4.26%
	ABBV	C	0.78%	0.45%	0.45%
	ABNB	D	0.12%	0.07%	0.07%
	ABT	C	0.47%	0.26%	0.26%
	ACGL	B	0.1%	0.06%	0.06%
	ACN	C	0.51%	0.29%	0.29%
	ADBE	F	0.6%	0.31%	0.31%
	ADI	C	0.25%	0.15%	0.15%
	ADM	D	0.08%	0.04%	0.04%
	ADP	B	0.27%	0.15%	0.15%
	ADSK	C	0.12%	0.07%	0.07%
	AEE	A	0.05%	0.03%	0.03%
	AEP	C	0.13%	0.07%	0.07%
	AFL	C	0.14%	0.08%	0.08%
	AIG	D	0.13%	0.07%	0.07%
	AIZ	B	0.02%	0.01%	0.01%
	AJG	D	0.15%	0.09%	0.09%
	AKAM	D	0.04%	0.02%	0.02%
	ALB	F	0.03%	0.01%	0.01%
	ALGN	D	0.04%	0.02%	0.02%
	ALL	B	0.12%	0.06%	0.06%
	ALLE	C	0.03%	0.02%	0.02%
	AMAT	F	0.32%	0.21%	0.21%
	AMCR	C	0.04%	0.02%	0.02%
	AMD	D	0.59%	0.32%	0.32%
	AME	C	0.09%	0.05%	0.05%
	AMP	B	0.1%	0.06%	0.06%
	AMZN	C	3.79%	2.29%	2.29%
	ANET	A	0.2%	0.13%	0.13%
	ANSS	D	0.06%	0.04%	0.04%
	AOS	D	0.02%	0.01%	0.01%
	APA	F	0.02%	0.01%	0.01%
	APH	D	0.17%	0.1%	0.1%
	APTV	D	0.05%	0.03%	0.03%
	ARE	C	0.05%	0.03%	0.03%
	ATO	B	0.05%	0.03%	0.03%
	AVB	C	0.08%	0.04%	0.04%
	AVGO	C	1.51%	0.97%	0.97%
	AVY	D	0.04%	0.02%	0.02%
	AXON	A	0.06%	0.03%	0.03%
	AXP	B	0.37%	0.2%	0.2%
	BAC	D	0.63%	0.36%	0.36%
	BALL	C	0.05%	0.03%	0.03%
	BAX	C	0.05%	0.03%	0.03%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.04%	0.03%	0.03%
	BDX	F	0.16%	0.09%	0.09%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIO	C	0.02%	0.01%	0.01%
	BK	A	0.12%	0.07%	0.07%
	BKNG	B	0.31%	0.18%	0.18%
	BKR	D	0.08%	0.04%	0.04%
	BLDR	C	0.05%	0.03%	0.03%
	BLK	B	0.29%	0.17%	0.17%
	BR	D	0.06%	0.03%	0.03%
	BRK.A	C	1.95%	0.78%	0.78%
	BRO	C	0.06%	0.03%	0.03%
	BSX	B	0.28%	0.16%	0.16%
	BX	B	0.24%	0.14%	0.14%
	BXP	B	0.03%	0.02%	0.02%
	C	D	0.27%	0.14%	0.14%
	CAG	C	0.04%	0.02%	0.02%
	CAH	C	0.06%	0.04%	0.04%
	CARR	B	0.14%	0.08%	0.08%
	CAT	B	0.42%	0.22%	0.22%
	CB	B	0.28%	0.15%	0.15%
	CBOE	C	0.05%	0.03%	0.03%
	CBRE	A	0.08%	0.05%	0.05%
	CCL	C	0.04%	0.02%	0.02%
	CDNS	D	0.16%	0.1%	0.1%
	CDW	D	0.07%	0.04%	0.04%
	CE	F	0.03%	0.02%	0.02%
	CEG	A	0.14%	0.08%	0.08%
	CF	C	0.04%	0.02%	0.02%
	CFG	C	0.04%	0.02%	0.02%
	CHD	C	0.06%	0.03%	0.03%
	CHRW	A	0.03%	0.02%	0.02%
	CHTR	D	0.08%	0.04%	0.04%
	CI	C	0.25%	0.14%	0.14%
	CINF	C	0.05%	0.03%	0.03%
	CL	C	0.2%	0.11%	0.11%
	CLX	C	0.05%	0.03%	0.03%
	CMCSA	D	0.39%	0.21%	0.21%
	CME	C	0.19%	0.1%	0.1%
	CMG	C	0.18%	0.1%	0.1%
	CMI	C	0.1%	0.05%	0.05%
	CMS	B	0.05%	0.03%	0.03%
	CNC	C	0.1%	0.05%	0.05%
	CNP	D	0.04%	0.02%	0.02%
	COF	A	0.12%	0.07%	0.07%
	COP	D	0.29%	0.16%	0.16%
	COST	B	0.91%	0.53%	0.53%
	CPAY	C	0.06%	0.03%	0.03%
	CPB	B	0.03%	0.01%	0.01%
	CPRT	D	0.1%	0.06%	0.06%
	CPT	B	0.03%	0.02%	0.02%
	CRL	F	0.02%	0.01%	0.01%
	CRM	D	0.57%	0.32%	0.32%
	CSCO	B	0.48%	0.26%	0.26%
	CSGP	D	0.07%	0.04%	0.04%
	CSX	D	0.16%	0.09%	0.09%
	CTAS	C	0.16%	0.1%	0.1%
	CTRA	D	0.04%	0.02%	0.02%
	CTSH	C	0.09%	0.05%	0.05%
	CTVA	B	0.1%	0.05%	0.05%
	CVS	F	0.17%	0.09%	0.09%
	CVX	D	0.6%	0.32%	0.32%
	D	B	0.12%	0.06%	0.06%
	DAL	C	0.07%	0.01%	0.01%
	DAY	D	0.02%	0.01%	0.01%
	DD	B	0.08%	0.04%	0.04%
	DE	B	0.24%	0.14%	0.14%
	DECK	D	0.06%	0.03%	0.03%
	DFS	B	0.08%	0.04%	0.04%
	DG	F	0.05%	0.02%	0.02%
	DGX	C	0.04%	0.02%	0.02%
	DHI	C	0.14%	0.08%	0.08%
	DHR	C	0.41%	0.24%	0.24%
	DIS	D	0.4%	0.22%	0.22%
	DLR	B	0.12%	0.07%	0.07%
	DLTR	F	0.04%	0.02%	0.02%
	DOC	C	0.04%	0.02%	0.02%
	DOV	B	0.06%	0.03%	0.03%
	DOW	D	0.08%	0.05%	0.05%
	DPZ	D	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.03%	0.03%
	DTE	B	0.06%	0.03%	0.03%
	DUK	B	0.21%	0.12%	0.12%
	DVA	B	0.02%	0.01%	0.01%
	DVN	F	0.06%	0.03%	0.03%
	EA	D	0.08%	0.05%	0.05%
	EBAY	B	0.08%	0.04%	0.04%
	ECL	A	0.14%	0.08%	0.08%
	ED	C	0.09%	0.05%	0.05%
	EFX	C	0.08%	0.05%	0.05%
	EG	C	0.04%	0.02%	0.02%
	EIX	C	0.08%	0.04%	0.04%
	ELV	C	0.3%	0.17%	0.17%
	EMN	B	0.03%	0.02%	0.02%
	EMR	D	0.14%	0.08%	0.08%
	EOG	D	0.17%	0.09%	0.09%
	EPAM	F	0.03%	0.02%	0.02%
	EQR	C	0.06%	0.04%	0.04%
	EQT	D	0.03%	0.03%	0.03%
	ES	C	0.06%	0.03%	0.03%
	ESS	C	0.05%	0.03%	0.03%
	ETN	C	0.29%	0.16%	0.16%
	ETR	A	0.06%	0.03%	0.03%
	EVRG	B	0.03%	0.02%	0.02%
	EW	F	0.1%	0.05%	0.05%
	EXC	B	0.1%	0.05%	0.05%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	C	0.04%	0.02%	0.02%
	EXR	B	0.09%	0.05%	0.05%
	F	F	0.1%	0.05%	0.05%
	FANG	D	0.08%	0.04%	0.04%
	FAST	C	0.1%	0.05%	0.05%
	FCX	D	0.15%	0.08%	0.08%
	FDS	C	0.04%	0.02%	0.02%
	FDX	F	0.16%	0.09%	0.09%
	FE	C	0.06%	0.03%	0.03%
	FFIV	B	0.03%	0.02%	0.02%
	FITB	B	0.07%	0.04%	0.04%
	FOXA	B	0.04%	0.01%	0.01%
	FSLR	C	0.05%	0.03%	0.03%
	FTV	C	0.06%	0.03%	0.03%
	GD	B	0.16%	0.09%	0.09%
	GE	A	0.44%	0.26%	0.26%
	GEHC	C	0.09%	0.05%	0.05%
	GEV	B	0.14%	0.08%	0.08%
	GIS	B	0.1%	0.05%	0.05%
	GLW	B	0.07%	0.04%	0.04%
	GM	B	0.11%	0.07%	0.07%
	GOOG	D	3.81%	1.05%	1.05%
	GPC	D	0.04%	0.03%	0.03%
	GPN	D	0.07%	0.04%	0.04%
	GRMN	D	0.07%	0.04%	0.04%
	GS	C	0.37%	0.2%	0.2%
	GWW	A	0.1%	0.06%	0.06%
	HAL	F	0.06%	0.03%	0.03%
	HBAN	B	0.05%	0.03%	0.03%
	HCA	A	0.18%	0.1%	0.1%
	HD	A	0.85%	0.49%	0.49%
	HES	D	0.09%	0.05%	0.05%
	HIG	B	0.08%	0.05%	0.05%
	HII	D	0.02%	0.01%	0.01%
	HOLX	C	0.05%	0.03%	0.03%
	HON	D	0.31%	0.17%	0.17%
	HPE	D	0.04%	0.03%	0.03%
	HPQ	D	0.07%	0.04%	0.04%
	HRL	D	0.02%	0.01%	0.01%
	HSIC	D	0.02%	0.01%	0.01%
	HST	C	0.03%	0.02%	0.02%
	HSY	D	0.07%	0.04%	0.04%
	HUBB	A	0.05%	0.03%	0.03%
	HUM	F	0.1%	0.05%	0.05%
	HWM	B	0.09%	0.05%	0.05%
	IBM	A	0.45%	0.26%	0.26%
	ICE	C	0.21%	0.12%	0.12%
	IDXX	D	0.09%	0.05%	0.05%
	IEX	D	0.04%	0.02%	0.02%
	IFF	C	0.06%	0.03%	0.03%
	INCY	C	0.03%	0.01%	0.01%
	INTC	F	0.19%	0.11%	0.11%
	INTU	C	0.41%	0.24%	0.24%
	INVH	C	0.05%	0.03%	0.03%
	IP	C	0.04%	0.02%	0.02%
	IPG	C	0.03%	0.02%	0.02%
	IQV	D	0.1%	0.06%	0.06%
	IR	C	0.09%	0.05%	0.05%
	IRM	B	0.07%	0.05%	0.05%
	ISRG	C	0.38%	0.23%	0.23%
	IT	A	0.09%	0.05%	0.05%
	ITW	C	0.16%	0.1%	0.1%
	J	C	0.04%	0.02%	0.02%
	JBHT	D	0.03%	0.02%	0.02%
	JBL	D	0.03%	0.02%	0.02%
	JCI	B	0.11%	0.06%	0.06%
	JKHY	C	0.03%	0.02%	0.02%
	JNJ	C	0.94%	0.52%	0.52%
	JNPR	A	0.03%	0.02%	0.02%
	JPM	D	1.48%	0.77%	0.77%
	K	A	0.05%	0.03%	0.03%
	KDP	B	0.09%	0.05%	0.05%
	KEY	B	0.04%	0.02%	0.02%
	KEYS	C	0.06%	0.03%	0.03%
	KHC	C	0.07%	0.04%	0.04%
	KIM	C	0.04%	0.02%	0.02%
	KLAC	D	0.21%	0.13%	0.13%
	KMB	D	0.11%	0.06%	0.06%
	KMI	A	0.09%	0.06%	0.06%
	KMX	D	0.03%	0.02%	0.02%
	KO	B	0.65%	0.38%	0.38%
	KR	C	0.09%	0.05%	0.05%
	KVUE	C	0.11%	0.06%	0.06%
	L	D	0.03%	0.02%	0.02%
	LDOS	B	0.05%	0.03%	0.03%
	LEN	C	0.11%	0.06%	0.06%
	LHX	C	0.1%	0.06%	0.06%
	LIN	B	0.53%	0.3%	0.3%
	LKQ	F	0.02%	0.01%	0.01%
	LLY	C	1.65%	0.98%	0.98%
	LMT	B	0.29%	0.16%	0.16%
	LNT	B	0.04%	0.02%	0.02%
	LOW	A	0.34%	0.19%	0.19%
	LRCX	F	0.21%	0.13%	0.13%
	LULU	D	0.07%	0.04%	0.04%
	LUV	C	0.04%	0.01%	0.01%
	LVS	D	0.03%	0.02%	0.02%
	LW	D	0.02%	0.01%	0.01%
	LYB	F	0.06%	0.03%	0.03%
	LYV	B	0.03%	0.02%	0.02%
	MA	C	0.96%	0.54%	0.54%
	MAA	C	0.04%	0.03%	0.03%
	MAR	C	0.13%	0.08%	0.08%
	MAS	B	0.04%	0.02%	0.02%
	MCHP	F	0.1%	0.05%	0.05%
	MCK	F	0.15%	0.09%	0.09%
	MCO	A	0.17%	0.1%	0.1%
	MDLZ	C	0.24%	0.13%	0.13%
	MDT	C	0.28%	0.15%	0.15%
	MET	A	0.11%	0.06%	0.06%
	META	A	2.49%	1.51%	1.51%
	MGM	D	0.02%	0.01%	0.01%
	MKC	C	0.05%	0.03%	0.03%
	MKTX	C	0.02%	0.01%	0.01%
	MLM	D	0.08%	0.04%	0.04%
	MMC	C	0.26%	0.15%	0.15%
	MNST	D	0.09%	0.05%	0.05%
	MO	D	0.22%	0.12%	0.12%
	MOH	D	0.05%	0.03%	0.03%
	MOS	F	0.02%	0.01%	0.01%
	MPC	F	0.15%	0.08%	0.08%
	MPWR	C	0.09%	0.06%	0.06%
	MRK	D	0.66%	0.38%	0.38%
	MRNA	F	0.05%	0.03%	0.03%
	MRO	C	0.04%	0.02%	0.02%
	MS	C	0.29%	0.16%	0.16%
	MSFT	C	7.0%	3.99%	3.99%
	MSI	B	0.17%	0.1%	0.1%
	MTB	A	0.07%	0.04%	0.04%
	MU	F	0.2%	0.13%	0.13%
	NDAQ	A	0.06%	0.04%	0.04%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	C	0.44%	0.23%	0.23%
	NFLX	B	0.69%	0.4%	0.4%
	NI	B	0.03%	0.02%	0.02%
	NKE	D	0.23%	0.13%	0.13%
	NOC	A	0.18%	0.1%	0.1%
	NOW	A	0.39%	0.24%	0.24%
	NRG	A	0.04%	0.02%	0.02%
	NSC	C	0.14%	0.07%	0.07%
	NTAP	D	0.05%	0.03%	0.03%
	NTRS	B	0.04%	0.02%	0.02%
	NUE	F	0.09%	0.05%	0.05%
	NVDA	D	6.04%	3.85%	3.85%
	NVR	B	0.07%	0.04%	0.04%
	NWSA	D	0.03%	0.01%	0.01%
	NXPI	D	0.13%	0.08%	0.08%
	O	C	0.13%	0.07%	0.07%
	ODFL	D	0.08%	0.05%	0.05%
	OKE	B	0.12%	0.07%	0.07%
	OMC	B	0.05%	0.03%	0.03%
	ON	F	0.07%	0.04%	0.04%
	ORCL	B	0.5%	0.35%	0.35%
	OXY	F	0.08%	0.04%	0.04%
	PANW	C	0.24%	0.15%	0.15%
	PARA	F	0.01%	0.01%	0.01%
	PAYC	D	0.02%	0.01%	0.01%
	PAYX	C	0.1%	0.06%	0.06%
	PCAR	D	0.12%	0.06%	0.06%
	PCG	C	0.1%	0.05%	0.05%
	PEG	B	0.1%	0.05%	0.05%
	PEP	D	0.6%	0.32%	0.32%
	PFG	B	0.04%	0.03%	0.03%
	PG	C	0.95%	0.54%	0.54%
	PGR	A	0.36%	0.19%	0.19%
	PH	A	0.18%	0.1%	0.1%
	PHM	B	0.07%	0.04%	0.04%
	PKG	B	0.04%	0.02%	0.02%
	PLD	C	0.28%	0.16%	0.16%
	PNC	A	0.17%	0.09%	0.09%
	PNR	B	0.03%	0.02%	0.02%
	POOL	D	0.03%	0.02%	0.02%
	PPG	D	0.07%	0.04%	0.04%
	PPL	B	0.06%	0.03%	0.03%
	PRU	C	0.1%	0.06%	0.06%
	PSA	B	0.13%	0.07%	0.07%
	PSX	D	0.13%	0.07%	0.07%
	PTC	D	0.05%	0.03%	0.03%
	PWR	B	0.09%	0.05%	0.05%
	PYPL	B	0.18%	0.09%	0.09%
	QCOM	F	0.41%	0.25%	0.25%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.09%	0.05%	0.05%
	REG	C	0.03%	0.02%	0.02%
	REGN	C	0.27%	0.16%	0.16%
	RF	B	0.05%	0.03%	0.03%
	RJF	C	0.05%	0.03%	0.03%
	ROK	F	0.07%	0.04%	0.04%
	ROL	C	0.03%	0.02%	0.02%
	ROP	C	0.13%	0.08%	0.08%
	ROST	C	0.12%	0.07%	0.07%
	RSG	D	0.1%	0.06%	0.06%
	RTX	C	0.38%	0.21%	0.21%
	SCHW	D	0.21%	0.12%	0.12%
	SHW	B	0.21%	0.12%	0.12%
	SJM	C	0.03%	0.02%	0.02%
	SLB	F	0.14%	0.07%	0.07%
	SMCI	F	0.05%	0.03%	0.03%
	SNA	C	0.03%	0.02%	0.02%
	SNPS	D	0.17%	0.1%	0.1%
	SO	A	0.23%	0.13%	0.13%
	SOLV	C	0.02%	0.01%	0.01%
	SPG	A	0.12%	0.07%	0.07%
	SPGI	A	0.38%	0.22%	0.22%
	SRE	B	0.12%	0.07%	0.07%
	STE	C	0.06%	0.03%	0.03%
	STLD	D	0.04%	0.02%	0.02%
	STT	B	0.06%	0.03%	0.03%
	STZ	D	0.09%	0.05%	0.05%
	SW	C	0.03%	0.03%	0.03%
	SWK	B	0.04%	0.02%	0.02%
	SWKS	F	0.03%	0.02%	0.02%
	SYF	C	0.04%	0.03%	0.03%
	SYK	C	0.29%	0.17%	0.17%
	SYY	D	0.09%	0.05%	0.05%
	T	C	0.37%	0.2%	0.2%
	TAP	D	0.02%	0.01%	0.01%
	TDY	C	0.05%	0.03%	0.03%
	TEL	D	0.11%	0.06%	0.06%
	TER	D	0.04%	0.03%	0.03%
	TFC	D	0.13%	0.07%	0.07%
	TFX	C	0.03%	0.02%	0.02%
	TGT	C	0.17%	0.09%	0.09%
	TJX	C	0.3%	0.18%	0.18%
	TMO	C	0.55%	0.31%	0.31%
	TMUS	C	0.25%	0.14%	0.14%
	TRGP	B	0.07%	0.04%	0.04%
	TRMB	C	0.03%	0.02%	0.02%
	TROW	D	0.05%	0.03%	0.03%
	TRV	C	0.13%	0.07%	0.07%
	TSCO	C	0.07%	0.04%	0.04%
	TSN	D	0.04%	0.02%	0.02%
	TT	A	0.19%	0.11%	0.11%
	TXN	C	0.41%	0.24%	0.24%
	TXT	D	0.04%	0.02%	0.02%
	TYL	C	0.06%	0.03%	0.03%
	UBER	C	0.29%	0.18%	0.18%
	UDR	C	0.03%	0.02%	0.02%
	UHS	B	0.03%	0.02%	0.02%
	ULTA	D	0.04%	0.02%	0.02%
	UNH	C	1.28%	0.72%	0.72%
	UNP	C	0.37%	0.2%	0.2%
	UPS	F	0.22%	0.12%	0.12%
	URI	B	0.12%	0.06%	0.06%
	USB	B	0.17%	0.09%	0.09%
	V	C	1.07%	0.59%	0.59%
	VICI	C	0.08%	0.04%	0.04%
	VLO	F	0.11%	0.06%	0.06%
	VLTO	B	0.06%	0.04%	0.04%
	VMC	D	0.08%	0.04%	0.04%
	VRSK	D	0.09%	0.05%	0.05%
	VRTX	D	0.28%	0.17%	0.17%
	VST	A	0.07%	0.04%	0.04%
	VTR	C	0.06%	0.03%	0.03%
	VTRS	D	0.03%	0.02%	0.02%
	VZ	B	0.45%	0.24%	0.24%
	WAB	A	0.07%	0.04%	0.04%
	WBA	F	0.02%	0.01%	0.01%
	WBD	D	0.04%	0.03%	0.03%
	WDC	D	0.05%	0.03%	0.03%
	WEC	B	0.07%	0.04%	0.04%
	WELL	C	0.17%	0.1%	0.1%
	WFC	D	0.45%	0.24%	0.24%
	WM	D	0.19%	0.11%	0.11%
	WMB	B	0.13%	0.07%	0.07%
	WMT	C	0.79%	0.47%	0.47%
	WRB	C	0.04%	0.02%	0.02%
	WST	D	0.05%	0.03%	0.03%
	WTW	C	0.07%	0.04%	0.04%
	WY	C	0.05%	0.03%	0.03%
	XEL	B	0.08%	0.05%	0.05%
	XOM	D	1.24%	0.65%	0.65%
	XYL	D	0.08%	0.04%	0.04%
	ZBH	F	0.06%	0.03%	0.03%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	C	0.2%	0.11%	0.11%

QVML Overweight 14 Positions Relative to ACWI

	Symbol	Grade	Weight
	UAL	C	0.04%
	AAL	D	0.02%
	IVZ	B	0.02%
	NCLH	C	0.02%
	RL	B	0.02%
	BWA	D	0.02%
	CZR	C	0.02%
	FMC	C	0.02%
	MHK	C	0.02%
	GNRC	D	0.02%
	FRT	C	0.02%
	GL	C	0.02%
	TPR	C	0.02%
	PNW	B	0.02%

QVML Underweight 167 Positions Relative to ACWI

	Symbol	Grade	Weight
	GOOGL	D	-1.21%
	TSLA	C	-0.87%
	MCD	B	-0.28%
	PM	C	-0.25%
	AMGN	B	-0.23%
	PFE	D	-0.22%
	SBUX	C	-0.15%
	AMT	C	-0.15%
	FI	A	-0.14%
	GILD	B	-0.14%
	MELI	B	-0.13%
	BMY	C	-0.13%
	BA	F	-0.12%
	IBN	A	-0.11%
	EQIX	B	-0.11%
	HDB	B	-0.11%
	MMM	A	-0.1%
	KKR	A	-0.1%
	TDG	B	-0.1%
	ORLY	D	-0.09%
	AON	B	-0.09%
	PLTR	B	-0.09%
	CRWD	D	-0.08%
	NEM	B	-0.08%
	APD	B	-0.08%
	MRVL	C	-0.08%
	CRH	A	-0.08%
	CCI	C	-0.07%
	WDAY	D	-0.07%
	AZO	D	-0.07%
	HLT	B	-0.07%
	COR	D	-0.06%
	MSCI	C	-0.06%
	APO	B	-0.06%
	FICO	B	-0.06%
	WCN	D	-0.06%
	TTD	B	-0.06%
	FTNT	B	-0.06%
	FIS	B	-0.06%
	SQ	D	-0.05%
	RMD	C	-0.05%
	OTIS	C	-0.05%
	YUM	F	-0.05%
	FLUT	B	-0.05%
	FERG	D	-0.05%
	DASH	C	-0.05%
	LNG	C	-0.05%
	SBAC	C	-0.04%
	DXCM	F	-0.04%
	BIIB	F	-0.04%
	ARES	A	-0.04%
	AWK	C	-0.04%
	MTD	D	-0.04%
	DDOG	D	-0.04%
	VRT	C	-0.04%
	COIN	F	-0.04%
	DELL	C	-0.04%
	VEEV	C	-0.04%
	ALNY	C	-0.04%
	SNOW	F	-0.04%
	EL	F	-0.03%
	LII	B	-0.03%
	SUI	C	-0.03%
	UMC	C	-0.03%
	TRU	B	-0.03%
	CSL	B	-0.03%
	ILMN	C	-0.03%
	STX	C	-0.03%
	MKL	C	-0.03%
	MDB	D	-0.03%
	BAH	B	-0.03%
	RBLX	B	-0.03%
	GDDY	C	-0.03%
	COO	B	-0.03%
	MSTR	D	-0.03%
	APP	B	-0.03%
	HUBS	D	-0.03%
	NET	D	-0.03%
	TTWO	D	-0.03%
	TEAM	D	-0.03%
	TECH	D	-0.02%
	DOCU	C	-0.02%
	ACM	B	-0.02%
	NBIX	F	-0.02%
	OKTA	F	-0.02%
	HEI	A	-0.02%
	DKS	D	-0.02%
	AES	C	-0.02%
	ELS	C	-0.02%
	DT	C	-0.02%
	ERIE	B	-0.02%
	TW	B	-0.02%
	GGG	C	-0.02%
	CHT	A	-0.02%
	UTHR	C	-0.02%
	WPC	C	-0.02%
	PSTG	F	-0.02%
	ZS	F	-0.02%
	LPLA	D	-0.02%
	OC	C	-0.02%
	FWONK	C	-0.02%
	ENPH	D	-0.02%
	HEI	A	-0.02%
	GEN	C	-0.02%
	PODD	B	-0.02%
	RPM	B	-0.02%
	EQH	C	-0.02%
	RVTY	C	-0.02%
	BMRN	F	-0.02%
	SSNC	B	-0.02%
	TPL	A	-0.02%
	RS	D	-0.02%
	ZM	C	-0.02%
	AMH	C	-0.02%
	DKNG	C	-0.02%
	VRSN	D	-0.02%
	GLPI	C	-0.02%
	MANH	A	-0.02%
	WSO	C	-0.02%
	ENTG	F	-0.02%
	FNF	B	-0.02%
	PINS	F	-0.02%
	BURL	C	-0.02%
	AVTR	B	-0.02%
	EME	A	-0.02%
	LH	C	-0.02%
	WSM	D	-0.02%
	FCNCA	D	-0.02%
	WAT	C	-0.02%
	WLK	D	-0.01%
	CELH	F	-0.01%
	UHAL	B	-0.01%
	H	C	-0.01%
	ACI	F	-0.01%
	AZPN	B	-0.01%
	DINO	F	-0.01%
	WYNN	D	-0.01%
	WIT	C	-0.01%
	FOX	B	-0.01%
	TTC	D	-0.01%
	BSY	D	-0.01%
	KNX	D	-0.01%
	SEIC	C	-0.01%
	CHK	D	-0.01%
	Z	B	-0.01%
	MTCH	C	-0.01%
	CG	D	-0.01%
	TOST	A	-0.01%
	WTRG	D	-0.01%
	CNH	D	-0.01%
	ALLY	D	-0.01%
	ROKU	C	-0.01%
	NLY	B	-0.01%
	RIVN	F	-0.01%
	IOT	A	-0.01%
	RPRX	D	-0.01%
	FBIN	B	-0.01%
	SNAP	F	-0.01%
	TWLO	C	-0.01%
	OVV	F	-0.01%
	AFG	B	-0.01%
	CHRD	F	-0.01%
	CTLT	B	-0.01%
	CCK	A	-0.01%
	EXAS	C	-0.01%
	HOOD	C	-0.01%
	SAR	B	-0.0%

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Oil & Gas E&P Asset Management Banks - Regional - US Packaged Foods Capital Markets Diagnostics & Research Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies REIT - Residential Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Electronics Dow Jones Component Aerospace Real Estate Investment Trust Bank Chemical Semiconductor Banking Telecommunications Insurance Products Petroleum Industry Investment Bank Medicine Plastic

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management 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 Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Telecommunications Chemical Aerospace Real Estate Investment Trust Bank Medicine Semiconductor Banking Cloud Computing Mining IBD 50 Insurance Products