QVML vs. EUSA ETF Comparison

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

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

$35.16

Average Daily Volume

1,434

Number of Holdings ^*

447

* may have additional holdings in another (foreign) market

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.24

Average Daily Volume

45,044

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	QVML	EUSA
30 Days	2.51%	5.56%
60 Days	4.26%	6.51%
90 Days	5.72%	8.86%
12 Months	32.76%	32.13%

434 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in EUSA	Overlap
	A	D	0.08%	0.14%	0.08%
	AAPL	C	7.12%	0.16%	0.16%
	ABBV	D	0.64%	0.13%	0.13%
	ABNB	C	0.13%	0.18%	0.13%
	ABT	B	0.41%	0.16%	0.16%
	ACGL	D	0.08%	0.15%	0.08%
	ACN	C	0.47%	0.16%	0.16%
	ADBE	C	0.49%	0.14%	0.14%
	ADI	D	0.23%	0.15%	0.15%
	ADM	D	0.06%	0.14%	0.06%
	ADP	B	0.26%	0.18%	0.18%
	ADSK	A	0.14%	0.19%	0.14%
	AEE	A	0.05%	0.18%	0.05%
	AEP	D	0.1%	0.16%	0.1%
	AFL	B	0.12%	0.18%	0.12%
	AIG	B	0.11%	0.17%	0.11%
	AIZ	A	0.03%	0.2%	0.03%
	AJG	B	0.13%	0.16%	0.13%
	AKAM	D	0.03%	0.13%	0.03%
	ALGN	D	0.03%	0.15%	0.03%
	ALL	A	0.11%	0.17%	0.11%
	ALLE	D	0.03%	0.16%	0.03%
	AMAT	F	0.34%	0.13%	0.13%
	AMCR	D	0.03%	0.14%	0.03%
	AMD	F	0.47%	0.14%	0.14%
	AME	A	0.1%	0.18%	0.1%
	AMP	A	0.12%	0.2%	0.12%
	AMZN	C	3.94%	0.18%	0.18%
	ANET	C	0.21%	0.17%	0.17%
	ANSS	B	0.06%	0.16%	0.06%
	AON	A	0.17%	0.18%	0.17%
	AOS	F	0.02%	0.14%	0.02%
	APA	D	0.02%	0.12%	0.02%
	APH	A	0.2%	0.17%	0.17%
	APTV	D	0.03%	0.12%	0.03%
	ARE	D	0.04%	0.14%	0.04%
	ATO	A	0.04%	0.18%	0.04%
	AVB	B	0.07%	0.17%	0.07%
	AVGO	D	1.61%	0.16%	0.16%
	AVY	D	0.03%	0.15%	0.03%
	AWK	D	0.05%	0.15%	0.05%
	AXON	A	0.09%	0.26%	0.09%
	AXP	A	0.35%	0.18%	0.18%
	AZO	C	0.12%	0.15%	0.12%
	BAC	A	0.69%	0.19%	0.19%
	BALL	D	0.04%	0.15%	0.04%
	BAX	D	0.03%	0.14%	0.03%
	BBY	D	0.04%	0.16%	0.04%
	BDX	F	0.14%	0.15%	0.14%
	BEN	C	0.01%	0.15%	0.01%
	BG	F	0.03%	0.15%	0.03%
	BK	A	0.12%	0.19%	0.12%
	BKNG	A	0.36%	0.21%	0.21%
	BKR	B	0.1%	0.2%	0.1%
	BLDR	D	0.05%	0.17%	0.05%
	BLK	C	0.32%	0.19%	0.19%
	BR	A	0.06%	0.17%	0.06%
	BRK.A	B	1.87%	0.17%	0.17%
	BRO	B	0.06%	0.17%	0.06%
	BSX	B	0.27%	0.18%	0.18%
	BX	A	0.27%	0.22%	0.22%
	BXP	D	0.02%	0.18%	0.02%
	C	A	0.3%	0.18%	0.18%
	CAG	D	0.03%	0.14%	0.03%
	CAH	B	0.06%	0.17%	0.06%
	CARR	D	0.13%	0.17%	0.13%
	CAT	B	0.42%	0.18%	0.18%
	CB	C	0.25%	0.17%	0.17%
	CBOE	B	0.04%	0.16%	0.04%
	CBRE	B	0.08%	0.19%	0.08%
	CCL	B	0.05%	0.26%	0.05%
	CDNS	B	0.18%	0.17%	0.17%
	CDW	F	0.05%	0.12%	0.05%
	CE	F	0.02%	0.09%	0.02%
	CEG	D	0.16%	0.19%	0.16%
	CF	B	0.04%	0.17%	0.04%
	CFG	B	0.05%	0.18%	0.05%
	CHD	B	0.05%	0.17%	0.05%
	CHRW	C	0.03%	0.17%	0.03%
	CHTR	C	0.09%	0.17%	0.09%
	CI	F	0.2%	0.15%	0.15%
	CINF	A	0.05%	0.19%	0.05%
	CL	D	0.16%	0.14%	0.14%
	CMCSA	B	0.37%	0.17%	0.17%
	CME	A	0.17%	0.17%	0.17%
	CMG	B	0.17%	0.18%	0.17%
	CMI	A	0.11%	0.19%	0.11%
	CMS	C	0.04%	0.16%	0.04%
	CNC	D	0.07%	0.12%	0.07%
	CNP	B	0.04%	0.19%	0.04%
	COF	B	0.16%	0.2%	0.16%
	COP	C	0.31%	0.16%	0.16%
	COR	B	0.09%	0.16%	0.09%
	COST	B	0.85%	0.17%	0.17%
	CPAY	A	0.06%	0.21%	0.06%
	CPB	D	0.02%	0.14%	0.02%
	CPRT	A	0.11%	0.17%	0.11%
	CPT	B	0.03%	0.16%	0.03%
	CRL	C	0.02%	0.14%	0.02%
	CRM	B	0.69%	0.2%	0.2%
	CRWD	B	0.18%	0.21%	0.18%
	CSCO	B	0.51%	0.18%	0.18%
	CSGP	D	0.06%	0.15%	0.06%
	CSX	B	0.15%	0.16%	0.15%
	CTAS	B	0.15%	0.17%	0.15%
	CTRA	B	0.04%	0.17%	0.04%
	CTSH	B	0.09%	0.16%	0.09%
	CTVA	C	0.09%	0.17%	0.09%
	CVS	D	0.15%	0.15%	0.15%
	CVX	A	0.63%	0.17%	0.17%
	D	C	0.1%	0.16%	0.1%
	DAL	C	0.08%	0.26%	0.08%
	DAY	B	0.03%	0.21%	0.03%
	DD	D	0.08%	0.16%	0.08%
	DE	A	0.21%	0.17%	0.17%
	DECK	A	0.06%	0.18%	0.06%
	DFS	B	0.1%	0.2%	0.1%
	DG	F	0.04%	0.1%	0.04%
	DGX	A	0.04%	0.17%	0.04%
	DHI	D	0.1%	0.14%	0.1%
	DHR	F	0.33%	0.13%	0.13%
	DIS	B	0.43%	0.2%	0.2%
	DLR	B	0.12%	0.2%	0.12%
	DLTR	F	0.04%	0.1%	0.04%
	DOC	D	0.03%	0.16%	0.03%
	DOV	A	0.06%	0.17%	0.06%
	DOW	F	0.07%	0.13%	0.07%
	DRI	B	0.04%	0.16%	0.04%
	DTE	C	0.05%	0.16%	0.05%
	DUK	C	0.18%	0.16%	0.16%
	DVA	B	0.02%	0.17%	0.02%
	DVN	F	0.06%	0.14%	0.06%
	EA	A	0.09%	0.18%	0.09%
	EBAY	D	0.06%	0.17%	0.06%
	ECL	D	0.13%	0.16%	0.13%
	ED	D	0.07%	0.15%	0.07%
	EFX	F	0.07%	0.13%	0.07%
	EG	C	0.04%	0.16%	0.04%
	EIX	B	0.07%	0.16%	0.07%
	ELV	F	0.2%	0.11%	0.11%
	EMN	D	0.03%	0.16%	0.03%
	EMR	A	0.16%	0.2%	0.16%
	EOG	A	0.18%	0.17%	0.17%
	EPAM	C	0.03%	0.18%	0.03%
	EQR	B	0.05%	0.16%	0.05%
	EQT	B	0.05%	0.21%	0.05%
	ES	D	0.05%	0.15%	0.05%
	ESS	B	0.04%	0.16%	0.04%
	ETN	A	0.31%	0.19%	0.19%
	ETR	B	0.07%	0.2%	0.07%
	EVRG	A	0.03%	0.17%	0.03%
	EW	C	0.09%	0.16%	0.09%
	EXC	C	0.08%	0.16%	0.08%
	EXPD	D	0.04%	0.15%	0.04%
	EXPE	B	0.05%	0.21%	0.05%
	EXR	D	0.07%	0.15%	0.07%
	F	C	0.1%	0.17%	0.1%
	FANG	D	0.08%	0.15%	0.08%
	FAST	B	0.1%	0.19%	0.1%
	FCX	D	0.14%	0.16%	0.14%
	FDS	B	0.04%	0.18%	0.04%
	FDX	B	0.15%	0.16%	0.15%
	FE	C	0.04%	0.15%	0.04%
	FFIV	B	0.03%	0.19%	0.03%
	FI	A	0.26%	0.22%	0.22%
	FIS	C	0.1%	0.18%	0.1%
	FITB	A	0.07%	0.18%	0.07%
	FOXA	B	0.04%	0.12%	0.04%
	FSLR	F	0.04%	0.13%	0.04%
	FTNT	C	0.13%	0.19%	0.13%
	FTV	C	0.06%	0.16%	0.06%
	GD	F	0.14%	0.15%	0.14%
	GDDY	A	0.06%	0.18%	0.06%
	GE	D	0.43%	0.17%	0.17%
	GEHC	F	0.07%	0.16%	0.07%
	GEN	B	0.04%	0.18%	0.04%
	GEV	B	0.18%	0.29%	0.18%
	GILD	C	0.24%	0.18%	0.18%
	GIS	D	0.08%	0.14%	0.08%
	GLW	B	0.08%	0.18%	0.08%
	GM	B	0.15%	0.19%	0.15%
	GOOG	C	4.33%	0.08%	0.08%
	GPC	D	0.04%	0.14%	0.04%
	GPN	B	0.06%	0.17%	0.06%
	GRMN	B	0.07%	0.19%	0.07%
	GS	A	0.43%	0.19%	0.19%
	GWW	B	0.11%	0.19%	0.11%
	HAL	C	0.06%	0.16%	0.06%
	HBAN	A	0.06%	0.21%	0.06%
	HCA	F	0.14%	0.14%	0.14%
	HD	A	0.84%	0.17%	0.17%
	HES	B	0.09%	0.17%	0.09%
	HIG	B	0.07%	0.18%	0.07%
	HII	D	0.02%	0.11%	0.02%
	HOLX	D	0.04%	0.15%	0.04%
	HON	B	0.32%	0.18%	0.18%
	HPE	B	0.07%	0.18%	0.07%
	HPQ	B	0.07%	0.17%	0.07%
	HRL	D	0.02%	0.14%	0.02%
	HSIC	B	0.02%	0.17%	0.02%
	HST	C	0.03%	0.17%	0.03%
	HSY	F	0.05%	0.13%	0.05%
	HUBB	B	0.05%	0.19%	0.05%
	HUM	C	0.08%	0.12%	0.08%
	HWM	A	0.09%	0.19%	0.09%
	IBM	C	0.39%	0.17%	0.17%
	ICE	C	0.19%	0.16%	0.16%
	IDXX	F	0.07%	0.13%	0.07%
	IEX	B	0.04%	0.18%	0.04%
	IFF	D	0.05%	0.14%	0.05%
	INCY	C	0.03%	0.17%	0.03%
	INTC	D	0.25%	0.18%	0.18%
	INTU	C	0.4%	0.15%	0.15%
	INVH	D	0.04%	0.15%	0.04%
	IP	B	0.04%	0.19%	0.04%
	IPG	D	0.02%	0.14%	0.02%
	IQV	D	0.08%	0.12%	0.08%
	IR	B	0.09%	0.18%	0.09%
	ISRG	A	0.4%	0.18%	0.18%
	IT	C	0.09%	0.17%	0.09%
	ITW	B	0.16%	0.17%	0.16%
	J	F	0.04%	0.14%	0.04%
	JBHT	C	0.03%	0.16%	0.03%
	JBL	B	0.03%	0.19%	0.03%
	JCI	C	0.12%	0.19%	0.12%
	JKHY	D	0.03%	0.18%	0.03%
	JNJ	D	0.77%	0.15%	0.15%
	JNPR	F	0.03%	0.14%	0.03%
	JPM	A	1.59%	0.18%	0.18%
	K	A	0.05%	0.16%	0.05%
	KDP	D	0.07%	0.14%	0.07%
	KEY	B	0.04%	0.18%	0.04%
	KEYS	A	0.06%	0.17%	0.06%
	KHC	F	0.05%	0.14%	0.05%
	KIM	A	0.03%	0.18%	0.03%
	KKR	A	0.22%	0.2%	0.2%
	KLAC	D	0.2%	0.12%	0.12%
	KMB	D	0.09%	0.15%	0.09%
	KMI	A	0.11%	0.21%	0.11%
	KMX	B	0.03%	0.15%	0.03%
	KO	D	0.52%	0.14%	0.14%
	KR	B	0.09%	0.18%	0.09%
	KVUE	A	0.09%	0.17%	0.09%
	L	A	0.03%	0.17%	0.03%
	LDOS	C	0.05%	0.16%	0.05%
	LEN	D	0.09%	0.15%	0.09%
	LH	C	0.05%	0.16%	0.05%
	LHX	C	0.1%	0.17%	0.1%
	LIN	D	0.47%	0.15%	0.15%
	LKQ	D	0.02%	0.14%	0.02%
	LLY	F	1.38%	0.12%	0.12%
	LMT	D	0.24%	0.15%	0.15%
	LNT	A	0.03%	0.17%	0.03%
	LRCX	F	0.22%	0.12%	0.12%
	LULU	C	0.08%	0.18%	0.08%
	LUV	C	0.04%	0.19%	0.04%
	LW	C	0.02%	0.19%	0.02%
	LYB	F	0.05%	0.13%	0.05%
	MA	C	0.89%	0.19%	0.19%
	MAA	B	0.04%	0.16%	0.04%
	MAS	D	0.04%	0.16%	0.04%
	MCHP	D	0.08%	0.13%	0.08%
	MCK	B	0.18%	0.18%	0.18%
	MCO	B	0.16%	0.15%	0.15%
	MDLZ	F	0.18%	0.14%	0.14%
	MDT	D	0.24%	0.16%	0.16%
	MET	A	0.11%	0.2%	0.11%
	META	D	2.71%	0.17%	0.17%
	MGM	D	0.02%	0.15%	0.02%
	MKC	D	0.04%	0.15%	0.04%
	MKTX	D	0.02%	0.18%	0.02%
	MLM	B	0.08%	0.17%	0.08%
	MMC	B	0.23%	0.16%	0.16%
	MMM	D	0.16%	0.16%	0.16%
	MNST	C	0.08%	0.18%	0.08%
	MO	A	0.2%	0.17%	0.17%
	MOH	F	0.04%	0.13%	0.04%
	MOS	F	0.02%	0.15%	0.02%
	MPC	D	0.13%	0.15%	0.13%
	MPWR	F	0.06%	0.1%	0.06%
	MRK	F	0.54%	0.13%	0.13%
	MRNA	F	0.03%	0.07%	0.03%
	MRO	B	0.04%	0.16%	0.04%
	MS	A	0.37%	0.21%	0.21%
	MSFT	F	6.58%	0.15%	0.15%
	MSI	B	0.18%	0.18%	0.18%
	MTB	A	0.08%	0.21%	0.08%
	MU	D	0.25%	0.14%	0.14%
	NDAQ	A	0.07%	0.18%	0.07%
	NEE	D	0.31%	0.15%	0.15%
	NFLX	A	0.78%	0.2%	0.2%
	NI	A	0.03%	0.18%	0.03%
	NKE	D	0.2%	0.14%	0.14%
	NOC	D	0.15%	0.15%	0.15%
	NOW	A	0.44%	0.19%	0.19%
	NRG	B	0.04%	0.18%	0.04%
	NSC	B	0.13%	0.17%	0.13%
	NTAP	C	0.05%	0.15%	0.05%
	NTRS	A	0.05%	0.2%	0.05%
	NUE	C	0.08%	0.16%	0.08%
	NVDA	C	7.76%	0.18%	0.18%
	NVR	D	0.06%	0.16%	0.06%
	NWSA	B	0.03%	0.17%	0.03%
	NXPI	D	0.13%	0.14%	0.13%
	O	D	0.1%	0.15%	0.1%
	ODFL	B	0.09%	0.17%	0.09%
	OKE	A	0.14%	0.2%	0.14%
	OMC	C	0.04%	0.16%	0.04%
	ON	D	0.07%	0.14%	0.07%
	OXY	D	0.08%	0.14%	0.08%
	PANW	C	0.28%	0.17%	0.17%
	PARA	C	0.01%	0.15%	0.01%
	PAYC	B	0.02%	0.21%	0.02%
	PAYX	C	0.1%	0.18%	0.1%
	PCAR	B	0.13%	0.18%	0.13%
	PCG	A	0.09%	0.18%	0.09%
	PEG	A	0.09%	0.18%	0.09%
	PEP	F	0.47%	0.14%	0.14%
	PFG	D	0.04%	0.17%	0.04%
	PG	A	0.82%	0.16%	0.16%
	PGR	A	0.32%	0.17%	0.17%
	PH	A	0.19%	0.19%	0.19%
	PHM	D	0.06%	0.16%	0.06%
	PKG	A	0.05%	0.19%	0.05%
	PLD	D	0.22%	0.15%	0.15%
	PM	B	0.41%	0.17%	0.17%
	PNC	B	0.18%	0.19%	0.18%
	PNR	A	0.04%	0.2%	0.04%
	POOL	C	0.03%	0.16%	0.03%
	PPG	F	0.06%	0.15%	0.06%
	PPL	B	0.05%	0.17%	0.05%
	PRU	A	0.1%	0.19%	0.1%
	PSA	D	0.11%	0.16%	0.11%
	PSX	C	0.13%	0.16%	0.13%
	PTC	A	0.05%	0.17%	0.05%
	PWR	A	0.1%	0.2%	0.1%
	PYPL	B	0.2%	0.19%	0.19%
	QCOM	F	0.41%	0.15%	0.15%
	QRVO	F	0.01%	0.09%	0.01%
	RCL	A	0.12%	0.23%	0.12%
	REG	B	0.03%	0.17%	0.03%
	REGN	F	0.18%	0.1%	0.1%
	RF	A	0.05%	0.19%	0.05%
	RJF	A	0.06%	0.22%	0.06%
	RMD	C	0.07%	0.17%	0.07%
	ROK	B	0.07%	0.17%	0.07%
	ROL	B	0.03%	0.16%	0.03%
	ROP	B	0.13%	0.16%	0.13%
	ROST	C	0.1%	0.15%	0.1%
	RSG	A	0.09%	0.16%	0.09%
	RTX	C	0.34%	0.16%	0.16%
	RVTY	F	0.03%	0.14%	0.03%
	SCHW	B	0.26%	0.19%	0.19%
	SHW	A	0.19%	0.16%	0.16%
	SLB	C	0.14%	0.15%	0.14%
	SMCI	F	0.02%	0.07%	0.02%
	SNA	A	0.04%	0.2%	0.04%
	SNPS	B	0.19%	0.15%	0.15%
	SO	D	0.19%	0.16%	0.16%
	SOLV	C	0.02%	0.18%	0.02%
	SPG	B	0.13%	0.18%	0.13%
	SPGI	C	0.34%	0.16%	0.16%
	SRE	A	0.12%	0.18%	0.12%
	STE	F	0.05%	0.14%	0.05%
	STLD	B	0.05%	0.19%	0.05%
	STT	A	0.06%	0.18%	0.06%
	STZ	D	0.08%	0.16%	0.08%
	SW	A	0.06%	0.19%	0.06%
	SWK	D	0.03%	0.14%	0.03%
	SWKS	F	0.03%	0.12%	0.03%
	SYF	B	0.06%	0.22%	0.06%
	SYK	C	0.27%	0.18%	0.18%
	SYY	B	0.08%	0.15%	0.08%
	T	A	0.31%	0.18%	0.18%
	TAP	C	0.02%	0.18%	0.02%
	TDY	B	0.05%	0.18%	0.05%
	TER	D	0.04%	0.12%	0.04%
	TFC	A	0.14%	0.17%	0.14%
	TFX	F	0.02%	0.13%	0.02%
	TGT	F	0.16%	0.17%	0.16%
	TJX	A	0.28%	0.17%	0.17%
	TMO	F	0.43%	0.13%	0.13%
	TMUS	B	0.26%	0.18%	0.18%
	TRGP	B	0.09%	0.23%	0.09%
	TROW	B	0.06%	0.17%	0.06%
	TRV	B	0.12%	0.19%	0.12%
	TSCO	D	0.06%	0.16%	0.06%
	TSN	B	0.04%	0.16%	0.04%
	TT	A	0.2%	0.19%	0.19%
	TTWO	A	0.06%	0.19%	0.06%
	TXN	C	0.42%	0.15%	0.15%
	TXT	D	0.04%	0.15%	0.04%
	TYL	B	0.06%	0.16%	0.06%
	UBER	D	0.33%	0.15%	0.15%
	UDR	B	0.03%	0.17%	0.03%
	UHS	D	0.03%	0.14%	0.03%
	ULTA	F	0.04%	0.14%	0.04%
	UNH	C	1.15%	0.16%	0.16%
	UNP	C	0.31%	0.15%	0.15%
	UPS	C	0.2%	0.16%	0.16%
	URI	B	0.13%	0.18%	0.13%
	USB	A	0.17%	0.18%	0.17%
	V	A	0.99%	0.2%	0.2%
	VICI	C	0.07%	0.16%	0.07%
	VLO	C	0.11%	0.16%	0.11%
	VLTO	D	0.05%	0.15%	0.05%
	VMC	B	0.08%	0.18%	0.08%
	VRSK	A	0.09%	0.16%	0.09%
	VRTX	F	0.27%	0.15%	0.15%
	VST	B	0.1%	0.31%	0.1%
	VTR	C	0.05%	0.17%	0.05%
	VTRS	A	0.03%	0.18%	0.03%
	VZ	C	0.34%	0.16%	0.16%
	WAB	B	0.08%	0.19%	0.08%
	WAT	B	0.05%	0.16%	0.05%
	WBA	F	0.01%	0.12%	0.01%
	WBD	C	0.05%	0.19%	0.05%
	WDC	D	0.04%	0.16%	0.04%
	WEC	A	0.06%	0.17%	0.06%
	WELL	A	0.16%	0.19%	0.16%
	WFC	A	0.58%	0.21%	0.21%
	WM	A	0.17%	0.16%	0.16%
	WMB	A	0.15%	0.21%	0.15%
	WMT	A	0.74%	0.18%	0.18%
	WRB	A	0.04%	0.17%	0.04%
	WST	C	0.05%	0.16%	0.05%
	WTW	B	0.07%	0.17%	0.07%
	WY	D	0.05%	0.16%	0.05%
	XEL	A	0.08%	0.18%	0.08%
	XOM	B	1.22%	0.16%	0.16%
	XYL	D	0.07%	0.14%	0.07%
	ZBH	C	0.05%	0.16%	0.05%
	ZBRA	B	0.04%	0.18%	0.04%
	ZTS	D	0.16%	0.15%	0.15%

QVML Overweight 13 Positions Relative to EUSA

	Symbol	Grade	Weight
	UAL	A	0.06%
	GNRC	B	0.03%
	TPR	B	0.03%
	FMC	D	0.02%
	MHK	D	0.02%
	FRT	B	0.02%
	RL	B	0.02%
	IVZ	B	0.02%
	CZR	F	0.02%
	BWA	D	0.02%
	GL	B	0.02%
	PNW	B	0.02%
	NCLH	B	0.02%

QVML Underweight 157 Positions Relative to EUSA

	Symbol	Grade	Weight
	APP	B	-0.58%
	MSTR	C	-0.51%
	PLTR	B	-0.31%
	VRT	B	-0.29%
	HOOD	B	-0.28%
	TOST	B	-0.28%
	TPL	A	-0.27%
	APO	B	-0.26%
	COIN	C	-0.26%
	TSLA	B	-0.25%
	TEAM	A	-0.25%
	TWLO	A	-0.25%
	LPLA	A	-0.23%
	SQ	B	-0.23%
	Z	A	-0.22%
	LYV	A	-0.22%
	DASH	A	-0.22%
	EME	C	-0.22%
	DOCU	A	-0.22%
	HUBS	A	-0.22%
	PODD	C	-0.22%
	ZM	B	-0.21%
	EXE	B	-0.21%
	ORCL	B	-0.21%
	DKNG	B	-0.2%
	TRMB	B	-0.2%
	ALB	C	-0.2%
	CG	A	-0.2%
	FLUT	A	-0.2%
	IOT	A	-0.2%
	RBLX	C	-0.2%
	MRVL	B	-0.2%
	FICO	B	-0.2%
	NET	B	-0.19%
	HLT	A	-0.19%
	ROKU	D	-0.19%
	BMY	B	-0.19%
	ARES	A	-0.19%
	SEIC	B	-0.19%
	WYNN	D	-0.19%
	APD	A	-0.19%
	LNG	B	-0.19%
	LVS	C	-0.19%
	OC	A	-0.19%
	DELL	C	-0.19%
	MAR	B	-0.19%
	FCNCA	A	-0.18%
	WSO	A	-0.18%
	ACM	A	-0.18%
	MDB	C	-0.18%
	AZPN	A	-0.18%
	CNH	C	-0.18%
	DDOG	A	-0.18%
	TW	A	-0.18%
	TTD	B	-0.18%
	CRH	A	-0.18%
	RPM	A	-0.18%
	MANH	D	-0.17%
	MSCI	C	-0.17%
	FNF	B	-0.17%
	SBUX	A	-0.17%
	KNX	B	-0.17%
	ORLY	B	-0.17%
	OVV	B	-0.17%
	VEEV	C	-0.17%
	IRM	D	-0.17%
	OTIS	C	-0.17%
	H	B	-0.17%
	LOW	D	-0.17%
	GGG	B	-0.17%
	MKL	A	-0.17%
	CSL	C	-0.17%
	LII	A	-0.17%
	CLX	B	-0.17%
	EQIX	A	-0.17%
	SNAP	C	-0.17%
	RS	B	-0.17%
	WDAY	B	-0.17%
	AFG	A	-0.17%
	SSNC	B	-0.16%
	SNOW	C	-0.16%
	SBAC	D	-0.16%
	CTLT	B	-0.16%
	ELS	C	-0.16%
	WTRG	B	-0.16%
	VRSN	F	-0.16%
	WSM	B	-0.16%
	MCD	D	-0.16%
	BIO	D	-0.16%
	WCN	A	-0.16%
	CCK	C	-0.16%
	ILMN	D	-0.16%
	COO	D	-0.16%
	FWONK	B	-0.16%
	DXCM	D	-0.16%
	DT	C	-0.16%
	NLY	C	-0.16%
	DPZ	C	-0.16%
	TRU	D	-0.16%
	NDSN	B	-0.16%
	BURL	A	-0.16%
	GLPI	C	-0.16%
	UTHR	C	-0.16%
	ZS	C	-0.16%
	SJM	D	-0.15%
	BBWI	D	-0.15%
	PINS	D	-0.15%
	BSY	D	-0.15%
	CCI	D	-0.15%
	ACI	C	-0.15%
	SUI	D	-0.15%
	STX	D	-0.15%
	FBIN	D	-0.15%
	RPRX	D	-0.15%
	MELI	D	-0.15%
	WPC	D	-0.15%
	AMH	D	-0.15%
	TDG	D	-0.15%
	YUM	B	-0.15%
	TEL	B	-0.15%
	EQH	B	-0.15%
	FERG	B	-0.15%
	CHRD	D	-0.14%
	ALLY	C	-0.14%
	PFE	D	-0.14%
	DINO	D	-0.14%
	ENTG	D	-0.14%
	WLK	D	-0.14%
	DKS	C	-0.14%
	ERIE	D	-0.14%
	TTC	D	-0.14%
	AMT	D	-0.14%
	BAH	F	-0.14%
	UHAL	D	-0.14%
	TECH	D	-0.14%
	EXAS	D	-0.14%
	NBIX	C	-0.13%
	MTD	D	-0.13%
	PSTG	D	-0.13%
	MTCH	D	-0.13%
	ALNY	D	-0.13%
	NEM	D	-0.13%
	BA	F	-0.13%
	AMGN	D	-0.13%
	BIIB	F	-0.12%
	OKTA	C	-0.12%
	AVTR	F	-0.12%
	RIVN	F	-0.12%
	AES	F	-0.12%
	CELH	F	-0.11%
	HEI	B	-0.11%
	EL	F	-0.11%
	BMRN	D	-0.1%
	GOOGL	C	-0.09%
	HEI	B	-0.08%
	ENPH	F	-0.08%
	FOX	A	-0.06%

QVML: Top Represented Industries & Keywords

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

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

EUSA: 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 Dow Jones Component Electronics Chemical Telecommunications Aerospace Real Estate Investment Trust Medicine Bank Semiconductor Cloud Computing Banking Mining IBD 50 Insurance Products