QWLD vs. ACWI ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares MSCI ACWI Index Fund (ACWI)

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$127.97

Average Daily Volume

3,476

Number of Holdings ^*

610

* 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

$120.01

Average Daily Volume

1,898,594

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ACWI
30 Days	-0.47%	0.17%
60 Days	0.20%	1.91%
90 Days	0.50%	2.66%
12 Months	22.20%	25.12%

587 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in ACWI	Overlap
	A	D	0.06%	0.05%	0.05%
	AAPL	C	2.57%	4.24%	2.57%
	ABBV	F	0.34%	0.38%	0.34%
	ABBV	F	0.16%	0.38%	0.16%
	ABNB	C	0.01%	0.07%	0.01%
	ABT	B	0.09%	0.26%	0.09%
	ACGL	C	0.26%	0.05%	0.05%
	ACI	C	0.02%	0.01%	0.01%
	ACM	B	0.01%	0.02%	0.01%
	ACN	B	0.65%	0.28%	0.28%
	ADBE	C	0.42%	0.28%	0.28%
	ADI	D	0.04%	0.14%	0.04%
	ADM	D	0.05%	0.03%	0.03%
	ADP	A	0.26%	0.15%	0.15%
	ADSK	A	0.1%	0.08%	0.08%
	AEE	A	0.09%	0.03%	0.03%
	AEP	C	0.07%	0.06%	0.06%
	AES	F	0.01%	0.01%	0.01%
	AFG	A	0.02%	0.01%	0.01%
	AFL	B	0.12%	0.08%	0.08%
	AGCO	D	0.01%	0.01%	0.01%
	AIG	B	0.07%	0.07%	0.07%
	AIZ	A	0.08%	0.02%	0.02%
	AJG	A	0.19%	0.08%	0.08%
	AKAM	D	0.11%	0.02%	0.02%
	ALB	B	0.01%	0.02%	0.01%
	ALGN	D	0.0%	0.02%	0.0%
	ALL	A	0.08%	0.07%	0.07%
	ALLE	C	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.01%	0.01%
	AMAT	F	0.29%	0.18%	0.18%
	AMCR	C	0.08%	0.02%	0.02%
	AMD	F	0.03%	0.29%	0.03%
	AME	A	0.01%	0.06%	0.01%
	AMGN	F	0.16%	0.19%	0.16%
	AMH	C	0.0%	0.02%	0.0%
	AMP	A	0.09%	0.07%	0.07%
	AMT	C	0.02%	0.12%	0.02%
	AMZN	C	0.37%	2.45%	0.37%
	ANET	C	0.19%	0.13%	0.13%
	ANSS	B	0.0%	0.04%	0.0%
	AON	A	0.17%	0.1%	0.1%
	AOS	F	0.02%	0.01%	0.01%
	APA	D	0.02%	0.01%	0.01%
	APD	A	0.03%	0.09%	0.03%
	APH	A	0.43%	0.11%	0.11%
	APO	B	0.02%	0.09%	0.02%
	APP	B	0.0%	0.08%	0.0%
	APTV	F	0.01%	0.02%	0.01%
	ARE	F	0.01%	0.02%	0.01%
	ARES	A	0.0%	0.04%	0.0%
	ATO	A	0.01%	0.03%	0.01%
	AVB	B	0.01%	0.04%	0.01%
	AVGO	D	0.11%	0.93%	0.11%
	AVTR	F	0.01%	0.02%	0.01%
	AVY	F	0.03%	0.02%	0.02%
	AWK	C	0.01%	0.03%	0.01%
	AXON	A	0.0%	0.06%	0.0%
	AXP	A	0.06%	0.21%	0.06%
	AZO	C	0.28%	0.07%	0.07%
	BA	F	0.01%	0.14%	0.01%
	BAC	A	0.39%	0.42%	0.39%
	BAH	F	0.15%	0.02%	0.02%
	BALL	F	0.01%	0.02%	0.01%
	BAX	F	0.01%	0.02%	0.01%
	BBWI	C	0.0%	0.01%	0.0%
	BBY	D	0.06%	0.02%	0.02%
	BDX	F	0.07%	0.08%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BIIB	F	0.01%	0.03%	0.01%
	BIO	C	0.0%	0.01%	0.0%
	BK	A	0.05%	0.07%	0.05%
	BKNG	A	0.03%	0.22%	0.03%
	BKR	A	0.02%	0.05%	0.02%
	BLDR	D	0.05%	0.03%	0.03%
	BLK	B	0.25%	0.19%	0.19%
	BMRN	F	0.07%	0.01%	0.01%
	BMY	B	0.21%	0.15%	0.15%
	BR	A	0.04%	0.04%	0.04%
	BRK.A	B	0.73%	0.79%	0.73%
	BRO	B	0.14%	0.03%	0.03%
	BSX	A	0.02%	0.17%	0.02%
	BSY	F	0.01%	0.01%	0.01%
	BURL	B	0.01%	0.02%	0.01%
	BX	A	0.03%	0.17%	0.03%
	BXP	C	0.01%	0.01%	0.01%
	C	A	0.25%	0.17%	0.17%
	CAG	F	0.04%	0.02%	0.02%
	CAH	B	0.13%	0.04%	0.04%
	CARR	C	0.02%	0.08%	0.02%
	CAT	B	0.36%	0.24%	0.24%
	CB	C	0.4%	0.14%	0.14%
	CBOE	C	0.24%	0.03%	0.03%
	CBRE	B	0.03%	0.05%	0.03%
	CCI	C	0.01%	0.06%	0.01%
	CCK	D	0.01%	0.01%	0.01%
	CCL	A	0.01%	0.03%	0.01%
	CDNS	B	0.13%	0.11%	0.11%
	CDW	F	0.07%	0.03%	0.03%
	CE	F	0.01%	0.01%	0.01%
	CEG	C	0.02%	0.09%	0.02%
	CF	A	0.13%	0.02%	0.02%
	CFG	B	0.04%	0.03%	0.03%
	CG	B	0.01%	0.01%	0.01%
	CHD	A	0.19%	0.03%	0.03%
	CHRD	D	0.01%	0.01%	0.01%
	CHRW	B	0.01%	0.02%	0.01%
	CHTR	C	0.05%	0.05%	0.05%
	CI	D	0.18%	0.12%	0.12%
	CINF	A	0.02%	0.03%	0.02%
	CL	D	0.2%	0.09%	0.09%
	CLX	A	0.01%	0.03%	0.01%
	CMCSA	B	0.17%	0.21%	0.17%
	CME	B	0.16%	0.1%	0.1%
	CMG	B	0.14%	0.1%	0.1%
	CMI	A	0.1%	0.06%	0.06%
	CMS	C	0.05%	0.02%	0.02%
	CNC	D	0.05%	0.04%	0.04%
	CNH	C	0.01%	0.01%	0.01%
	CNP	A	0.01%	0.03%	0.01%
	COF	C	0.1%	0.09%	0.09%
	COIN	C	0.01%	0.08%	0.01%
	COP	C	0.1%	0.17%	0.1%
	COR	B	0.41%	0.05%	0.05%
	COST	A	0.76%	0.53%	0.53%
	CPAY	A	0.01%	0.03%	0.01%
	CPB	D	0.09%	0.01%	0.01%
	CPRT	B	0.08%	0.06%	0.06%
	CPT	B	0.01%	0.02%	0.01%
	CRL	D	0.0%	0.01%	0.0%
	CRM	B	0.06%	0.4%	0.06%
	CRWD	B	0.0%	0.1%	0.0%
	CSCO	B	1.03%	0.29%	0.29%
	CSGP	D	0.0%	0.04%	0.0%
	CSL	C	0.03%	0.03%	0.03%
	CSX	C	0.11%	0.09%	0.09%
	CTAS	B	0.14%	0.1%	0.1%
	CTLT	C	0.01%	0.01%	0.01%
	CTRA	B	0.02%	0.02%	0.02%
	CTSH	B	0.2%	0.05%	0.05%
	CTVA	C	0.04%	0.05%	0.04%
	CVS	D	0.16%	0.09%	0.09%
	CVX	A	0.33%	0.36%	0.33%
	D	C	0.06%	0.06%	0.06%
	DAL	B	0.01%	0.01%	0.01%
	DASH	B	0.01%	0.07%	0.01%
	DAY	B	0.0%	0.01%	0.0%
	DD	C	0.02%	0.04%	0.02%
	DDOG	A	0.0%	0.05%	0.0%
	DE	B	0.06%	0.13%	0.06%
	DECK	A	0.05%	0.03%	0.03%
	DELL	B	0.01%	0.05%	0.01%
	DFS	B	0.04%	0.06%	0.04%
	DG	F	0.01%	0.02%	0.01%
	DGX	A	0.11%	0.02%	0.02%
	DHI	F	0.1%	0.06%	0.06%
	DHR	F	0.05%	0.2%	0.05%
	DINO	D	0.05%	0.01%	0.01%
	DIS	B	0.1%	0.26%	0.1%
	DKNG	B	0.0%	0.02%	0.0%
	DKS	D	0.02%	0.02%	0.02%
	DLR	B	0.02%	0.08%	0.02%
	DLTR	F	0.01%	0.02%	0.01%
	DOC	C	0.01%	0.02%	0.01%
	DOCU	B	0.0%	0.02%	0.0%
	DOV	A	0.05%	0.04%	0.04%
	DOW	F	0.03%	0.04%	0.03%
	DPZ	C	0.06%	0.02%	0.02%
	DRI	B	0.03%	0.03%	0.03%
	DT	D	0.0%	0.02%	0.0%
	DTE	C	0.02%	0.03%	0.02%
	DUK	C	0.36%	0.11%	0.11%
	DVA	C	0.01%	0.01%	0.01%
	DVN	F	0.03%	0.03%	0.03%
	DXCM	C	0.0%	0.04%	0.0%
	EA	A	0.2%	0.05%	0.05%
	EBAY	D	0.01%	0.04%	0.01%
	ECL	D	0.01%	0.08%	0.01%
	ED	C	0.35%	0.04%	0.04%
	EFX	F	0.01%	0.04%	0.01%
	EG	C	0.06%	0.02%	0.02%
	EIX	B	0.03%	0.04%	0.03%
	EL	F	0.01%	0.02%	0.01%
	ELS	C	0.0%	0.02%	0.0%
	ELV	F	0.21%	0.12%	0.12%
	EME	A	0.04%	0.03%	0.03%
	EMN	C	0.01%	0.01%	0.01%
	EMR	B	0.03%	0.09%	0.03%
	ENPH	F	0.01%	0.01%	0.01%
	ENTG	D	0.0%	0.02%	0.0%
	EOG	A	0.06%	0.1%	0.06%
	EPAM	B	0.02%	0.02%	0.02%
	EQH	C	0.01%	0.02%	0.01%
	EQIX	A	0.02%	0.11%	0.02%
	EQR	C	0.01%	0.03%	0.01%
	EQT	B	0.02%	0.03%	0.02%
	ERIE	D	0.12%	0.01%	0.01%
	ES	C	0.01%	0.03%	0.01%
	ESS	B	0.01%	0.02%	0.01%
	ETN	A	0.03%	0.19%	0.03%
	ETR	B	0.03%	0.04%	0.03%
	EVRG	A	0.01%	0.02%	0.01%
	EW	C	0.07%	0.05%	0.05%
	EXAS	D	0.0%	0.01%	0.0%
	EXC	C	0.03%	0.05%	0.03%
	EXPD	C	0.04%	0.02%	0.02%
	EXPE	B	0.01%	0.03%	0.01%
	EXR	C	0.01%	0.05%	0.01%
	F	C	0.09%	0.05%	0.05%
	FANG	C	0.09%	0.04%	0.04%
	FAST	B	0.09%	0.06%	0.06%
	FBIN	D	0.0%	0.01%	0.0%
	FCNCA	A	0.11%	0.03%	0.03%
	FCX	F	0.02%	0.08%	0.02%
	FDS	B	0.03%	0.03%	0.03%
	FDX	B	0.07%	0.09%	0.07%
	FE	C	0.01%	0.03%	0.01%
	FFIV	B	0.16%	0.02%	0.02%
	FI	A	0.09%	0.16%	0.09%
	FICO	B	0.05%	0.07%	0.05%
	FIS	C	0.02%	0.06%	0.02%
	FITB	B	0.03%	0.04%	0.03%
	FNF	B	0.01%	0.02%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.01%	0.01%	0.01%
	FSLR	F	0.01%	0.02%	0.01%
	FTNT	C	0.01%	0.07%	0.01%
	FTV	C	0.01%	0.03%	0.01%
	GD	D	0.18%	0.08%	0.08%
	GDDY	A	0.25%	0.03%	0.03%
	GE	D	0.31%	0.25%	0.25%
	GEHC	D	0.02%	0.04%	0.02%
	GEN	B	0.12%	0.02%	0.02%
	GEV	B	0.02%	0.12%	0.02%
	GGG	B	0.03%	0.02%	0.02%
	GILD	C	0.24%	0.14%	0.14%
	GIS	D	0.33%	0.04%	0.04%
	GLPI	C	0.01%	0.02%	0.01%
	GLW	B	0.02%	0.05%	0.02%
	GM	C	0.19%	0.08%	0.08%
	GOOG	C	0.94%	1.16%	0.94%
	GOOGL	C	1.07%	1.34%	1.07%
	GPC	D	0.05%	0.02%	0.02%
	GPN	B	0.02%	0.04%	0.02%
	GRMN	B	0.05%	0.04%	0.04%
	GS	A	0.17%	0.24%	0.17%
	GWW	B	0.11%	0.07%	0.07%
	H	B	0.0%	0.01%	0.0%
	HAL	C	0.02%	0.03%	0.02%
	HBAN	A	0.03%	0.03%	0.03%
	HCA	F	0.04%	0.09%	0.04%
	HD	B	0.15%	0.52%	0.15%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.02%	0.0%
	HEI	A	0.0%	0.02%	0.0%
	HES	B	0.01%	0.05%	0.01%
	HIG	B	0.03%	0.05%	0.03%
	HII	F	0.01%	0.01%	0.01%
	HLT	A	0.01%	0.08%	0.01%
	HMC	F	0.07%	0.05%	0.05%
	HOLX	D	0.01%	0.02%	0.01%
	HON	C	0.26%	0.19%	0.19%
	HOOD	B	0.0%	0.02%	0.0%
	HPE	B	0.04%	0.03%	0.03%
	HPQ	B	0.04%	0.05%	0.04%
	HRL	D	0.09%	0.01%	0.01%
	HSIC	C	0.01%	0.01%	0.01%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.03%	0.03%
	HUBB	B	0.04%	0.03%	0.03%
	HUM	C	0.15%	0.04%	0.04%
	HWM	A	0.01%	0.06%	0.01%
	IBM	C	0.46%	0.24%	0.24%
	ICE	C	0.03%	0.11%	0.03%
	IDXX	F	0.07%	0.04%	0.04%
	IEX	C	0.03%	0.02%	0.02%
	IFF	D	0.01%	0.03%	0.01%
	ILMN	C	0.0%	0.03%	0.0%
	INCY	C	0.15%	0.01%	0.01%
	INTC	C	0.1%	0.13%	0.1%
	INTU	B	0.27%	0.23%	0.23%
	INVH	D	0.01%	0.03%	0.01%
	IOT	A	0.0%	0.01%	0.0%
	IP	A	0.02%	0.02%	0.02%
	IPG	D	0.02%	0.01%	0.01%
	IQV	F	0.01%	0.04%	0.01%
	IR	B	0.01%	0.05%	0.01%
	IRM	C	0.01%	0.04%	0.01%
	ISRG	A	0.25%	0.24%	0.24%
	IT	C	0.03%	0.05%	0.03%
	ITW	B	0.13%	0.1%	0.1%
	J	D	0.01%	0.02%	0.01%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	C	0.02%	0.02%	0.02%
	JCI	B	0.03%	0.07%	0.03%
	JKHY	D	0.07%	0.02%	0.02%
	JNJ	C	1.1%	0.47%	0.47%
	JNPR	D	0.12%	0.01%	0.01%
	JPM	A	0.6%	0.89%	0.6%
	K	A	0.23%	0.03%	0.03%
	KDP	F	0.14%	0.05%	0.05%
	KEY	B	0.02%	0.02%	0.02%
	KEYS	A	0.17%	0.03%	0.03%
	KHC	F	0.2%	0.03%	0.03%
	KIM	A	0.01%	0.02%	0.01%
	KKR	A	0.02%	0.12%	0.02%
	KLAC	F	0.14%	0.11%	0.11%
	KMB	C	0.11%	0.06%	0.06%
	KMI	A	0.04%	0.07%	0.04%
	KMX	B	0.02%	0.02%	0.02%
	KNX	C	0.01%	0.01%	0.01%
	KO	D	0.56%	0.33%	0.33%
	KR	B	0.31%	0.05%	0.05%
	KVUE	A	0.08%	0.06%	0.06%
	L	A	0.17%	0.02%	0.02%
	LDOS	C	0.01%	0.03%	0.01%
	LEN	D	0.09%	0.05%	0.05%
	LH	B	0.02%	0.03%	0.02%
	LHX	C	0.02%	0.06%	0.02%
	LII	A	0.0%	0.03%	0.0%
	LIN	C	0.06%	0.27%	0.06%
	LKQ	F	0.01%	0.01%	0.01%
	LLY	F	1.14%	0.75%	0.75%
	LMT	D	0.42%	0.15%	0.15%
	LNG	A	0.06%	0.07%	0.06%
	LNT	A	0.03%	0.02%	0.02%
	LOW	C	0.07%	0.19%	0.07%
	LPLA	A	0.05%	0.03%	0.03%
	LRCX	F	0.18%	0.12%	0.12%
	LULU	C	0.07%	0.04%	0.04%
	LUV	C	0.0%	0.01%	0.0%
	LVS	B	0.0%	0.02%	0.0%
	LW	C	0.0%	0.01%	0.0%
	LYB	F	0.03%	0.03%	0.03%
	LYV	A	0.0%	0.03%	0.0%
	MA	B	0.71%	0.55%	0.55%
	MAA	B	0.01%	0.02%	0.01%
	MANH	D	0.04%	0.02%	0.02%
	MAR	A	0.01%	0.09%	0.01%
	MAS	D	0.01%	0.02%	0.01%
	MBAVU	C	0.01%	0.01%	0.01%
	MCD	D	0.42%	0.27%	0.27%
	MCHP	F	0.06%	0.04%	0.04%
	MCK	A	0.58%	0.1%	0.1%
	MCO	B	0.13%	0.1%	0.1%
	MDLZ	F	0.14%	0.11%	0.11%
	MDT	D	0.06%	0.14%	0.06%
	MELI	C	0.01%	0.11%	0.01%
	MET	A	0.05%	0.07%	0.05%
	META	D	2.11%	1.57%	1.57%
	MFG	A	0.24%	0.07%	0.07%
	MGM	D	0.01%	0.01%	0.01%
	MKC	C	0.01%	0.02%	0.01%
	MKL	A	0.13%	0.03%	0.03%
	MKTX	D	0.02%	0.01%	0.01%
	MLM	C	0.01%	0.05%	0.01%
	MMC	B	0.51%	0.14%	0.14%
	MMM	D	0.14%	0.09%	0.09%
	MNST	C	0.07%	0.05%	0.05%
	MO	A	0.04%	0.12%	0.04%
	MOH	F	0.06%	0.02%	0.02%
	MOS	F	0.02%	0.01%	0.01%
	MPC	D	0.17%	0.07%	0.07%
	MPWR	F	0.04%	0.04%	0.04%
	MRK	D	0.42%	0.31%	0.31%
	MRNA	F	0.01%	0.02%	0.01%
	MRO	B	0.02%	0.02%	0.02%
	MRVL	B	0.01%	0.1%	0.01%
	MS	A	0.12%	0.21%	0.12%
	MSCI	C	0.0%	0.06%	0.0%
	MSFT	D	2.3%	3.76%	2.3%
	MSI	B	0.65%	0.1%	0.1%
	MSTR	B	0.0%	0.09%	0.0%
	MTB	A	0.05%	0.05%	0.05%
	MTCH	D	0.0%	0.01%	0.0%
	MU	D	0.04%	0.14%	0.04%
	MUFG	B	0.14%	0.17%	0.14%
	NBIX	C	0.11%	0.01%	0.01%
	NDAQ	A	0.01%	0.04%	0.01%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	C	0.06%	0.2%	0.06%
	NEM	D	0.04%	0.06%	0.04%
	NET	B	0.0%	0.04%	0.0%
	NFLX	A	0.54%	0.48%	0.48%
	NI	A	0.01%	0.02%	0.01%
	NKE	F	0.17%	0.11%	0.11%
	NMR	B	0.02%	0.02%	0.02%
	NOC	D	0.32%	0.09%	0.09%
	NOW	A	0.01%	0.27%	0.01%
	NRG	B	0.02%	0.03%	0.02%
	NSC	B	0.03%	0.07%	0.03%
	NTAP	C	0.04%	0.03%	0.03%
	NTRS	A	0.02%	0.03%	0.02%
	NUE	C	0.04%	0.04%	0.04%
	NVDA	B	2.53%	4.62%	2.53%
	NVR	D	0.06%	0.04%	0.04%
	NWSA	A	0.01%	0.01%	0.01%
	NXPI	D	0.02%	0.07%	0.02%
	O	C	0.02%	0.06%	0.02%
	OC	A	0.03%	0.02%	0.02%
	ODFL	C	0.08%	0.05%	0.05%
	OKE	A	0.03%	0.08%	0.03%
	OKTA	C	0.0%	0.02%	0.0%
	OMC	C	0.04%	0.03%	0.03%
	ON	D	0.01%	0.04%	0.01%
	ORCL	A	0.25%	0.4%	0.25%
	ORLY	B	0.24%	0.09%	0.09%
	OTIS	C	0.01%	0.05%	0.01%
	OVV	B	0.02%	0.01%	0.01%
	OXY	D	0.03%	0.04%	0.03%
	PANW	B	0.18%	0.16%	0.16%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.01%	0.01%
	PAYX	B	0.1%	0.06%	0.06%
	PCAR	B	0.11%	0.07%	0.07%
	PCG	A	0.03%	0.05%	0.03%
	PEG	A	0.02%	0.06%	0.02%
	PEP	F	0.77%	0.27%	0.27%
	PFE	F	0.18%	0.18%	0.18%
	PFG	D	0.02%	0.03%	0.02%
	PG	C	0.95%	0.51%	0.51%
	PGR	A	0.35%	0.19%	0.19%
	PH	A	0.02%	0.11%	0.02%
	PHM	D	0.06%	0.04%	0.04%
	PINS	F	0.0%	0.02%	0.0%
	PKG	A	0.04%	0.03%	0.03%
	PLD	F	0.04%	0.14%	0.04%
	PLTR	B	0.0%	0.16%	0.0%
	PM	B	0.07%	0.25%	0.07%
	PNC	B	0.1%	0.1%	0.1%
	PNR	A	0.03%	0.02%	0.02%
	PODD	C	0.0%	0.02%	0.0%
	POOL	C	0.03%	0.02%	0.02%
	PPG	F	0.01%	0.04%	0.01%
	PPL	A	0.01%	0.03%	0.01%
	PRU	A	0.05%	0.06%	0.05%
	PSA	C	0.09%	0.07%	0.07%
	PSTG	D	0.0%	0.02%	0.0%
	PSX	C	0.14%	0.07%	0.07%
	PTC	B	0.08%	0.03%	0.03%
	PWR	A	0.01%	0.06%	0.01%
	PYPL	B	0.04%	0.11%	0.04%
	QCOM	F	0.32%	0.23%	0.23%
	QRVO	F	0.0%	0.01%	0.0%
	RBLX	C	0.0%	0.03%	0.0%
	RCL	A	0.01%	0.07%	0.01%
	REG	A	0.01%	0.02%	0.01%
	REGN	F	0.31%	0.1%	0.1%
	RF	A	0.03%	0.03%	0.03%
	RIVN	F	0.0%	0.01%	0.0%
	RJF	A	0.02%	0.04%	0.02%
	RMD	C	0.05%	0.04%	0.04%
	ROK	C	0.06%	0.04%	0.04%
	ROKU	D	0.0%	0.01%	0.0%
	ROL	B	0.08%	0.02%	0.02%
	ROP	B	0.48%	0.08%	0.08%
	ROST	D	0.02%	0.06%	0.02%
	RPM	A	0.01%	0.02%	0.01%
	RPRX	D	0.01%	0.01%	0.01%
	RS	B	0.02%	0.02%	0.02%
	RSG	A	0.46%	0.06%	0.06%
	RTX	D	0.09%	0.2%	0.09%
	RVTY	F	0.01%	0.02%	0.01%
	SBAC	D	0.01%	0.03%	0.01%
	SBUX	A	0.04%	0.14%	0.04%
	SCHW	B	0.04%	0.15%	0.04%
	SEIC	B	0.02%	0.01%	0.01%
	SHW	B	0.14%	0.11%	0.11%
	SJM	D	0.07%	0.01%	0.01%
	SLB	C	0.03%	0.08%	0.03%
	SMCI	F	0.01%	0.02%	0.01%
	SMFG	B	0.1%	0.11%	0.1%
	SNA	A	0.04%	0.03%	0.03%
	SNAP	D	0.0%	0.01%	0.0%
	SNOW	B	0.0%	0.05%	0.0%
	SNPS	B	0.12%	0.1%	0.1%
	SO	C	0.46%	0.12%	0.12%
	SOLV	D	0.03%	0.01%	0.01%
	SONY	B	0.08%	0.15%	0.08%
	SPG	A	0.02%	0.08%	0.02%
	SPGI	C	0.04%	0.21%	0.04%
	SQ	A	0.02%	0.06%	0.02%
	SRE	A	0.04%	0.08%	0.04%
	SSNC	B	0.01%	0.02%	0.01%
	STE	D	0.01%	0.03%	0.01%
	STLD	B	0.02%	0.03%	0.02%
	STT	B	0.03%	0.04%	0.03%
	STX	C	0.01%	0.03%	0.01%
	STZ	D	0.01%	0.05%	0.01%
	SUI	C	0.01%	0.02%	0.01%
	SW	A	0.03%	0.04%	0.03%
	SWK	D	0.01%	0.02%	0.01%
	SWKS	F	0.03%	0.02%	0.02%
	SYF	B	0.04%	0.03%	0.03%
	SYK	B	0.03%	0.17%	0.03%
	SYY	D	0.03%	0.05%	0.03%
	T	A	0.39%	0.21%	0.21%
	TAP	C	0.01%	0.01%	0.01%
	TDG	D	0.01%	0.09%	0.01%
	TDY	B	0.06%	0.03%	0.03%
	TECH	F	0.0%	0.01%	0.0%
	TER	F	0.02%	0.02%	0.02%
	TFC	A	0.09%	0.08%	0.08%
	TFX	F	0.0%	0.01%	0.0%
	TGT	F	0.15%	0.09%	0.09%
	TJX	A	0.35%	0.17%	0.17%
	TM	F	0.15%	0.23%	0.15%
	TMO	F	0.06%	0.25%	0.06%
	TMUS	B	0.76%	0.16%	0.16%
	TOST	B	0.0%	0.02%	0.0%
	TPL	A	0.06%	0.04%	0.04%
	TRGP	A	0.04%	0.05%	0.04%
	TRMB	B	0.01%	0.02%	0.01%
	TROW	B	0.05%	0.03%	0.03%
	TRU	D	0.01%	0.02%	0.01%
	TRV	B	0.3%	0.07%	0.07%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	0.16%	1.27%	0.16%
	TSN	B	0.15%	0.02%	0.02%
	TT	A	0.15%	0.12%	0.12%
	TTC	C	0.02%	0.01%	0.01%
	TTD	B	0.0%	0.07%	0.0%
	TTWO	A	0.01%	0.04%	0.01%
	TW	A	0.0%	0.02%	0.0%
	TWLO	A	0.01%	0.02%	0.01%
	TXN	C	0.48%	0.23%	0.23%
	TXT	D	0.01%	0.02%	0.01%
	TYL	B	0.0%	0.03%	0.0%
	UBER	F	0.01%	0.17%	0.01%
	UDR	B	0.0%	0.02%	0.0%
	UHAL	D	0.0%	0.01%	0.0%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	F	0.06%	0.02%	0.02%
	UNH	B	1.35%	0.68%	0.68%
	UNP	C	0.26%	0.18%	0.18%
	UPS	C	0.07%	0.12%	0.07%
	URI	C	0.02%	0.07%	0.02%
	USB	A	0.09%	0.1%	0.09%
	UTHR	C	0.15%	0.02%	0.02%
	V	A	1.21%	0.63%	0.63%
	VEEV	C	0.05%	0.04%	0.04%
	VICI	C	0.02%	0.04%	0.02%
	VLO	C	0.08%	0.06%	0.06%
	VLTO	C	0.05%	0.03%	0.03%
	VMC	B	0.01%	0.05%	0.01%
	VRSK	A	0.01%	0.05%	0.01%
	VRSN	C	0.14%	0.02%	0.02%
	VRT	B	0.0%	0.06%	0.0%
	VRTX	D	0.43%	0.15%	0.15%
	VST	A	0.01%	0.07%	0.01%
	VTR	B	0.01%	0.03%	0.01%
	VTRS	A	0.03%	0.02%	0.02%
	VZ	C	0.58%	0.22%	0.22%
	WAB	B	0.01%	0.04%	0.01%
	WAT	C	0.04%	0.03%	0.03%
	WBA	F	0.04%	0.01%	0.01%
	WBD	B	0.07%	0.03%	0.03%
	WCN	A	0.27%	0.06%	0.06%
	WDAY	B	0.04%	0.07%	0.04%
	WDC	D	0.01%	0.03%	0.01%
	WEC	A	0.2%	0.04%	0.04%
	WELL	A	0.02%	0.11%	0.02%
	WFC	A	0.28%	0.33%	0.28%
	WLK	D	0.0%	0.01%	0.0%
	WM	B	0.52%	0.11%	0.11%
	WMB	A	0.19%	0.09%	0.09%
	WMT	A	0.76%	0.49%	0.49%
	WPC	C	0.01%	0.02%	0.01%
	WRB	A	0.14%	0.02%	0.02%
	WSM	C	0.03%	0.02%	0.02%
	WSO	A	0.03%	0.02%	0.02%
	WST	C	0.04%	0.03%	0.03%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.07%	0.04%	0.04%
	WY	F	0.02%	0.03%	0.02%
	WYNN	C	0.0%	0.01%	0.0%
	XEL	A	0.09%	0.05%	0.05%
	XOM	B	0.47%	0.68%	0.47%
	XYL	D	0.01%	0.04%	0.01%
	YUM	D	0.15%	0.05%	0.05%
	Z	A	0.0%	0.02%	0.0%
	ZBH	C	0.01%	0.03%	0.01%
	ZBRA	B	0.01%	0.02%	0.01%
	ZM	C	0.01%	0.02%	0.01%
	ZTS	D	0.15%	0.1%	0.1%

QWLD Overweight 25 Positions Relative to ACWI

	Symbol	Grade	Weight
	NVS	F	0.79%
	UL	D	0.27%
	HSBH	B	0.25%
	CHKP	C	0.17%
	TD	D	0.12%
	E	F	0.12%
	BCS	A	0.11%
	DEO	F	0.11%
	CNI	F	0.1%
	LYG	D	0.09%
	STLA	F	0.08%
	LOGI	D	0.06%
	BTI	B	0.05%
	MT	B	0.05%
	AER	A	0.02%
	CCEP	C	0.01%
	WFG	C	0.01%
	SE	A	0.01%
	CRBG	B	0.01%
	GLBE	B	0.0%
	XRX	F	0.0%
	FUTU	D	0.0%
	GRAB	A	0.0%
	QGEN	D	0.0%
	OTEX	F	0.0%

QWLD Underweight 32 Positions Relative to ACWI

	Symbol	Grade	Weight
	BABA	D	-0.21%
	HDB	C	-0.11%
	IBN	C	-0.1%
	CRH	A	-0.09%
	TEL	B	-0.06%
	FLUT	A	-0.06%
	TEAM	A	-0.05%
	FERG	B	-0.05%
	ALNY	D	-0.04%
	HUBS	A	-0.04%
	TCOM	B	-0.04%
	COO	D	-0.03%
	MDB	B	-0.03%
	BIDU	F	-0.03%
	MTD	F	-0.03%
	CHT	C	-0.02%
	LI	F	-0.02%
	FWONK	A	-0.02%
	UMC	F	-0.02%
	YUMC	C	-0.02%
	ZS	B	-0.02%
	EXE	A	-0.02%
	CELH	F	-0.01%
	BILI	D	-0.01%
	NIO	F	-0.01%
	AZPN	A	-0.01%
	XPEV	C	-0.01%
	TME	D	-0.01%
	WIT	B	-0.01%
	NLY	C	-0.01%
	BGNE	D	-0.01%
	MNSO	D	-0.0%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

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

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Specialty Retail Capital Markets Software - Infrastructure Biotechnology Internet Content & Information Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Auto Manufacturers Drug Manufacturers - Major Insurance - Property & Casualty

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