QWLD vs. CRBN ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

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

$128.03

Average Daily Volume

4,063

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$195.77

Average Daily Volume

7,580

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	CRBN
30 Days	1.38%	4.36%
60 Days	8.66%	11.84%
90 Days	5.18%	4.59%
12 Months	29.66%	34.10%

373 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in CRBN	Overlap
A	B	0.07%	0.05%	0.05%
AAPL	C	2.54%	4.31%	2.54%
ABBV	C	0.16%	0.5%	0.16%
ABBV	C	0.39%	0.5%	0.39%
ABNB	D	0.01%	0.11%	0.01%
ABT	C	0.09%	0.08%	0.08%
ACGL	A	0.28%	0.08%	0.08%
ACM	A	0.01%	0.02%	0.01%
ACN	B	0.63%	0.29%	0.29%
ADBE	F	0.42%	0.29%	0.29%
ADI	B	0.04%	0.19%	0.04%
ADP	A	0.23%	0.22%	0.22%
ADSK	B	0.09%	0.05%	0.05%
AFG	A	0.02%	0.01%	0.01%
AFL	A	0.12%	0.18%	0.12%
AIG	C	0.06%	0.04%	0.04%
AIZ	B	0.07%	0.01%	0.01%
AJG	C	0.18%	0.03%	0.03%
AKAM	D	0.13%	0.06%	0.06%
ALB	D	0.01%	0.01%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.07%	0.03%	0.03%
ALLE	A	0.02%	0.03%	0.02%
AMAT	C	0.34%	0.13%	0.13%
AMD	C	0.04%	0.35%	0.04%
AME	C	0.01%	0.29%	0.01%
AMGN	D	0.18%	0.27%	0.18%
AMP	A	0.08%	0.05%	0.05%
AMT	D	0.03%	0.16%	0.03%
AMZN	C	0.33%	2.25%	0.33%
ANET	A	0.19%	0.15%	0.15%
ANSS	D	0.0%	0.04%	0.0%
AON	A	0.15%	0.1%	0.1%
APH	D	0.39%	0.17%	0.17%
APO	A	0.01%	0.07%	0.01%
APP	A	0.0%	0.04%	0.0%
ARE	D	0.01%	0.01%	0.01%
AVB	C	0.01%	0.04%	0.01%
AVGO	B	0.11%	1.04%	0.11%
AWK	D	0.01%	0.22%	0.01%
AXON	A	0.0%	0.21%	0.0%
AXP	A	0.06%	0.23%	0.06%
BAC	B	0.32%	0.34%	0.32%
BAH	C	0.16%	0.03%	0.03%
BAX	D	0.02%	0.0%	0.0%
BBWI	F	0.0%	0.01%	0.0%
BDX	C	0.08%	0.11%	0.08%
BEN	F	0.01%	0.0%	0.0%
BIIB	F	0.02%	0.04%	0.02%
BK	A	0.05%	0.11%	0.05%
BKNG	B	0.02%	0.2%	0.02%
BKR	B	0.02%	0.32%	0.02%
BLK	A	0.22%	0.16%	0.16%
BMY	A	0.19%	0.21%	0.19%
BR	B	0.04%	0.07%	0.04%
BRK.A	B	0.7%	0.63%	0.63%
BRO	A	0.13%	0.02%	0.02%
BSX	A	0.02%	0.19%	0.02%
BX	C	0.02%	0.13%	0.02%
BXP	B	0.01%	0.03%	0.01%
C	B	0.22%	0.21%	0.21%
CB	A	0.39%	0.24%	0.24%
CBOE	B	0.24%	0.03%	0.03%
CCI	D	0.02%	0.1%	0.02%
CDNS	D	0.12%	0.09%	0.09%
CDW	D	0.09%	0.04%	0.04%
CEG	A	0.02%	0.05%	0.02%
CFG	C	0.03%	0.02%	0.02%
CHD	D	0.18%	0.06%	0.06%
CHTR	D	0.04%	0.08%	0.04%
CI	D	0.19%	0.12%	0.12%
CINF	A	0.02%	0.0%	0.0%
CL	D	0.21%	0.16%	0.16%
CMCSA	B	0.16%	0.27%	0.16%
CME	A	0.15%	0.12%	0.12%
CMG	C	0.13%	0.13%	0.13%
CNC	F	0.06%	0.01%	0.01%
COF	A	0.08%	0.07%	0.07%
COIN	F	0.0%	0.05%	0.0%
COST	C	0.73%	0.28%	0.28%
CPAY	A	0.01%	0.05%	0.01%
CPRT	B	0.07%	0.1%	0.07%
CRL	F	0.0%	0.0%	0.0%
CRM	B	0.05%	0.33%	0.05%
CRWD	D	0.0%	0.06%	0.0%
CSCO	A	0.92%	0.39%	0.39%
CSGP	F	0.0%	0.04%	0.0%
CSX	D	0.11%	0.12%	0.11%
CTAS	C	0.13%	0.15%	0.13%
CTLT	A	0.01%	0.01%	0.01%
CTSH	B	0.2%	0.07%	0.07%
CTVA	A	0.04%	0.12%	0.04%
CVS	D	0.18%	0.05%	0.05%
DASH	A	0.0%	0.07%	0.0%
DAY	C	0.0%	0.03%	0.0%
DDOG	B	0.0%	0.03%	0.0%
DE	C	0.06%	0.04%	0.04%
DECK	B	0.04%	0.03%	0.03%
DFS	A	0.03%	0.05%	0.03%
DG	F	0.01%	0.05%	0.01%
DGX	D	0.1%	0.06%	0.06%
DHR	D	0.06%	0.27%	0.06%
DIS	D	0.08%	0.23%	0.08%
DKNG	C	0.0%	0.03%	0.0%
DLR	C	0.02%	0.05%	0.02%
DLTR	F	0.01%	0.04%	0.01%
DOC	C	0.01%	0.01%	0.01%
DOCU	A	0.0%	0.01%	0.0%
DRI	C	0.03%	0.0%	0.0%
DVA	C	0.01%	0.04%	0.01%
DXCM	F	0.0%	0.03%	0.0%
EA	D	0.17%	0.07%	0.07%
EBAY	A	0.01%	0.1%	0.01%
ECL	C	0.01%	0.18%	0.01%
ED	C	0.37%	0.07%	0.07%
EFX	D	0.01%	0.09%	0.01%
EG	A	0.06%	0.03%	0.03%
EIX	C	0.03%	0.22%	0.03%
EL	D	0.01%	0.06%	0.01%
ELV	F	0.26%	0.16%	0.16%
EMR	B	0.02%	0.04%	0.02%
ENPH	F	0.03%	0.02%	0.02%
ENTG	D	0.0%	0.02%	0.0%
EPAM	F	0.02%	0.01%	0.01%
EQH	B	0.01%	0.09%	0.01%
EQIX	C	0.01%	0.11%	0.01%
EQR	C	0.01%	0.03%	0.01%
ERIE	A	0.15%	0.01%	0.01%
ES	D	0.02%	0.13%	0.02%
ESS	D	0.01%	0.01%	0.01%
ETN	B	0.03%	0.18%	0.03%
EW	F	0.07%	0.06%	0.06%
EXAS	C	0.0%	0.01%	0.0%
EXC	C	0.03%	0.03%	0.03%
EXR	D	0.01%	0.06%	0.01%
FAST	C	0.08%	0.13%	0.08%
FCNCA	D	0.09%	0.05%	0.05%
FCX	B	0.03%	0.25%	0.03%
FFIV	B	0.14%	0.08%	0.08%
FI	A	0.07%	0.2%	0.07%
FICO	C	0.04%	0.05%	0.04%
FIS	A	0.02%	0.08%	0.02%
FITB	C	0.03%	0.02%	0.02%
FNF	C	0.01%	0.02%	0.01%
FSLR	C	0.01%	0.06%	0.01%
FTNT	A	0.01%	0.05%	0.01%
FTV	C	0.01%	0.17%	0.01%
GDDY	B	0.21%	0.01%	0.01%
GEN	A	0.11%	0.07%	0.07%
GGG	C	0.03%	0.14%	0.03%
GILD	A	0.22%	0.18%	0.18%
GIS	C	0.37%	0.01%	0.01%
GLPI	C	0.01%	0.03%	0.01%
GOOG	B	0.87%	1.02%	0.87%
GOOGL	B	1.0%	1.28%	1.0%
GPN	F	0.02%	0.06%	0.02%
GRMN	D	0.04%	0.11%	0.04%
GS	B	0.14%	0.24%	0.14%
GWW	B	0.1%	0.03%	0.03%
HAL	D	0.01%	0.42%	0.01%
HCA	C	0.04%	0.14%	0.04%
HD	A	0.14%	0.57%	0.14%
HIG	A	0.03%	0.06%	0.03%
HLT	A	0.01%	0.09%	0.01%
HOOD	B	0.0%	0.02%	0.0%
HST	D	0.01%	0.05%	0.01%
HSY	D	0.17%	0.05%	0.05%
HUBB	A	0.04%	0.1%	0.04%
HUM	F	0.17%	0.04%	0.04%
IBM	A	0.49%	0.34%	0.34%
ICE	A	0.03%	0.11%	0.03%
IDXX	D	0.09%	0.08%	0.08%
IEX	D	0.02%	0.15%	0.02%
ILMN	B	0.0%	0.02%	0.0%
INTC	D	0.1%	0.15%	0.1%
INTU	F	0.23%	0.21%	0.21%
INVH	D	0.01%	0.02%	0.01%
IOT	C	0.0%	0.0%	0.0%
IPG	D	0.02%	0.02%	0.02%
IQV	F	0.01%	0.08%	0.01%
IR	A	0.01%	0.22%	0.01%
IRM	B	0.01%	0.06%	0.01%
ISRG	C	0.23%	0.23%	0.23%
IT	A	0.03%	0.07%	0.03%
ITW	C	0.13%	0.12%	0.12%
J	F	0.01%	0.06%	0.01%
JNJ	D	1.13%	0.58%	0.58%
JPM	C	0.51%	0.79%	0.51%
KDP	C	0.16%	0.06%	0.06%
KEYS	B	0.17%	0.04%	0.04%
KIM	C	0.01%	0.01%	0.01%
KKR	A	0.02%	0.09%	0.02%
KLAC	B	0.18%	0.24%	0.18%
KO	C	0.64%	0.5%	0.5%
KVUE	C	0.08%	0.11%	0.08%
L	C	0.16%	0.03%	0.03%
LDOS	A	0.01%	0.05%	0.01%
LIN	C	0.06%	0.11%	0.06%
LLY	D	1.31%	0.91%	0.91%
LNG	A	0.05%	0.08%	0.05%
LOW	C	0.07%	0.19%	0.07%
LRCX	D	0.21%	0.09%	0.09%
LULU	D	0.06%	0.05%	0.05%
LVS	B	0.0%	0.07%	0.0%
MA	A	0.66%	0.53%	0.53%
MAR	A	0.01%	0.06%	0.01%
MAS	C	0.01%	0.07%	0.01%
MCD	A	0.42%	0.45%	0.42%
MCHP	F	0.07%	0.06%	0.06%
MCO	D	0.13%	0.07%	0.07%
MDLZ	D	0.16%	0.1%	0.1%
MDT	C	0.06%	0.11%	0.06%
MELI	D	0.01%	0.15%	0.01%
MET	A	0.05%	0.11%	0.05%
META	A	2.1%	1.6%	1.6%
MGM	D	0.01%	0.02%	0.01%
MKL	B	0.12%	0.0%	0.0%
MKTX	B	0.01%	0.01%	0.01%
MMC	D	0.5%	0.2%	0.2%
MNST	D	0.06%	0.1%	0.06%
MO	D	0.04%	0.36%	0.04%
MPWR	B	0.06%	0.07%	0.06%
MRK	F	0.49%	0.41%	0.41%
MRNA	F	0.01%	0.01%	0.01%
MRVL	C	0.01%	0.1%	0.01%
MS	A	0.09%	0.16%	0.09%
MSFT	D	2.31%	3.81%	2.31%
MSI	A	0.58%	0.16%	0.16%
MSTR	B	0.0%	0.04%	0.0%
MTB	A	0.04%	0.04%	0.04%
MTCH	B	0.0%	0.01%	0.0%
MU	D	0.04%	0.14%	0.04%
NDSN	C	0.02%	0.02%	0.02%
NEE	C	0.06%	0.19%	0.06%
NEM	C	0.05%	0.09%	0.05%
NET	D	0.0%	0.01%	0.0%
NFLX	A	0.45%	0.42%	0.42%
NKE	D	0.19%	0.14%	0.14%
NOW	B	0.01%	0.18%	0.01%
NSC	C	0.03%	0.07%	0.03%
NTAP	D	0.04%	0.08%	0.04%
NTRS	B	0.01%	0.05%	0.01%
NVDA	B	2.11%	3.88%	2.11%
NXPI	F	0.02%	0.1%	0.02%
O	C	0.02%	0.01%	0.01%
ODFL	F	0.07%	0.06%	0.06%
OKE	A	0.02%	0.21%	0.02%
OKTA	F	0.0%	0.01%	0.0%
OMC	C	0.04%	0.03%	0.03%
ON	F	0.02%	0.03%	0.02%
ORCL	A	0.23%	0.39%	0.23%
OTIS	A	0.01%	0.12%	0.01%
PANW	B	0.15%	0.13%	0.13%
PAYC	D	0.02%	0.04%	0.02%
PAYX	B	0.09%	0.14%	0.09%
PCG	C	0.03%	0.09%	0.03%
PEG	A	0.02%	0.07%	0.02%
PEP	F	0.81%	0.22%	0.22%
PFE	D	0.2%	0.23%	0.2%
PG	D	0.95%	0.65%	0.65%
PGR	B	0.33%	0.18%	0.18%
PH	A	0.02%	0.11%	0.02%
PINS	D	0.0%	0.02%	0.0%
PLD	D	0.05%	0.16%	0.05%
PLTR	A	0.0%	0.09%	0.0%
PM	D	0.06%	0.44%	0.06%
PNC	C	0.08%	0.1%	0.08%
PODD	C	0.0%	0.01%	0.0%
POOL	D	0.03%	0.0%	0.0%
PRU	B	0.04%	0.03%	0.03%
PSA	C	0.09%	0.11%	0.09%
PSTG	F	0.0%	0.03%	0.0%
PTC	B	0.07%	0.06%	0.06%
PWR	A	0.01%	0.02%	0.01%
PYPL	A	0.04%	0.11%	0.04%
QCOM	D	0.33%	0.25%	0.25%
RBLX	D	0.0%	0.01%	0.0%
RCL	B	0.0%	0.06%	0.0%
REG	C	0.01%	0.0%	0.0%
REGN	D	0.41%	0.15%	0.15%
RIVN	F	0.0%	0.04%	0.0%
RMD	C	0.05%	0.03%	0.03%
ROK	D	0.06%	0.04%	0.04%
ROKU	C	0.0%	0.01%	0.0%
ROL	C	0.08%	0.04%	0.04%
ROP	D	0.48%	0.2%	0.2%
ROST	D	0.02%	0.05%	0.02%
RPRX	D	0.01%	0.1%	0.01%
RS	D	0.01%	0.14%	0.01%
RVTY	C	0.01%	0.01%	0.01%
SBAC	C	0.01%	0.05%	0.01%
SBUX	B	0.04%	0.19%	0.04%
SCHW	D	0.03%	0.12%	0.03%
SHW	C	0.14%	0.13%	0.13%
SLB	D	0.03%	0.24%	0.03%
SMCI	F	0.03%	0.03%	0.03%
SNA	C	0.03%	0.07%	0.03%
SNAP	D	0.0%	0.02%	0.0%
SNOW	F	0.0%	0.04%	0.0%
SNPS	F	0.12%	0.1%	0.1%
SOLV	C	0.03%	0.04%	0.03%
SPG	A	0.02%	0.11%	0.02%
SPGI	C	0.04%	0.14%	0.04%
SQ	D	0.01%	0.04%	0.01%
SRE	C	0.03%	0.01%	0.01%
SSNC	C	0.01%	0.15%	0.01%
STE	D	0.01%	0.04%	0.01%
STT	A	0.03%	0.05%	0.03%
STZ	D	0.01%	0.13%	0.01%
SWKS	F	0.03%	0.01%	0.01%
SYF	A	0.03%	0.06%	0.03%
SYK	C	0.03%	0.14%	0.03%
T	B	0.37%	0.27%	0.27%
TDG	A	0.01%	0.02%	0.01%
TEL	D	0.09%	0.11%	0.09%
TER	C	0.03%	0.06%	0.03%
TFC	D	0.08%	0.07%	0.07%
TFX	C	0.01%	0.02%	0.01%
TGT	C	0.15%	0.05%	0.05%
TJX	D	0.33%	0.1%	0.1%
TMO	D	0.07%	0.3%	0.07%
TMUS	A	0.64%	0.15%	0.15%
TOST	B	0.0%	0.01%	0.0%
TPL	A	0.04%	0.28%	0.04%
TRGP	A	0.03%	0.38%	0.03%
TRMB	B	0.01%	0.07%	0.01%
TROW	D	0.05%	0.02%	0.02%
TRU	C	0.01%	0.07%	0.01%
TRV	B	0.26%	0.09%	0.09%
TSLA	C	0.13%	1.05%	0.13%
TTD	A	0.0%	0.07%	0.0%
TTWO	D	0.01%	0.03%	0.01%
TW	A	0.0%	0.01%	0.0%
TXN	C	0.49%	0.28%	0.28%
TYL	D	0.0%	0.01%	0.0%
UBER	C	0.01%	0.2%	0.01%
ULTA	D	0.07%	0.06%	0.06%
UNH	B	1.3%	0.69%	0.69%
UNP	F	0.27%	0.24%	0.24%
UPS	D	0.07%	0.07%	0.07%
URI	C	0.02%	0.24%	0.02%
USB	C	0.08%	0.08%	0.08%
UTHR	C	0.14%	0.03%	0.03%
V	B	1.05%	0.62%	0.62%
VEEV	C	0.04%	0.08%	0.04%
VICI	C	0.02%	0.08%	0.02%
VLTO	A	0.05%	0.04%	0.04%
VMC	D	0.01%	0.08%	0.01%
VRSK	D	0.0%	0.13%	0.0%
VRSN	C	0.14%	0.02%	0.02%
VRT	B	0.0%	0.07%	0.0%
VRTX	D	0.42%	0.16%	0.16%
VTRS	D	0.03%	0.04%	0.03%
VZ	C	0.61%	0.29%	0.29%
WAB	A	0.01%	0.1%	0.01%
WAT	B	0.04%	0.02%	0.02%
WBD	F	0.06%	0.0%	0.0%
WDAY	D	0.04%	0.04%	0.04%
WELL	C	0.02%	0.07%	0.02%
WFC	B	0.21%	0.26%	0.21%
WMB	A	0.15%	0.18%	0.15%
WMT	A	0.71%	0.32%	0.32%
WRB	C	0.13%	0.02%	0.02%
WST	D	0.03%	0.03%	0.03%
WTRG	D	0.01%	0.06%	0.01%
WTW	C	0.07%	0.05%	0.05%
WYNN	B	0.0%	0.03%	0.0%
XYL	C	0.01%	0.13%	0.01%
YUM	C	0.15%	0.05%	0.05%
Z	C	0.0%	0.04%	0.0%
ZBH	F	0.01%	0.06%	0.01%
ZM	B	0.01%	0.01%	0.01%
ZTS	C	0.16%	0.13%	0.13%

QWLD Overweight 237 Positions Relative to CRBN

Symbol	Grade	Weight
NVS	D	0.87%
WM	B	0.48%
SO	A	0.46%
LMT	A	0.45%
XOM	A	0.45%
MCK	F	0.45%
RSG	D	0.43%
COR	F	0.38%
DUK	C	0.36%
CAT	A	0.36%
NOC	B	0.33%
GE	B	0.32%
KR	C	0.3%
UL	D	0.3%
CVX	B	0.29%
AZO	D	0.28%
WCN	D	0.26%
HON	C	0.23%
KHC	F	0.22%
ORLY	A	0.22%
K	B	0.22%
CHKP	A	0.19%
WEC	B	0.19%
MFG	B	0.19%
MPC	D	0.18%
GD	C	0.18%
MMM	C	0.15%
GM	D	0.15%
TM	D	0.15%
TD	B	0.14%
TT	A	0.14%
JNPR	C	0.13%
CF	A	0.13%
TSN	D	0.13%
DEO	C	0.13%
PSX	D	0.13%
KMB	D	0.12%
CAH	B	0.12%
MUFG	D	0.12%
DHI	C	0.12%
E	C	0.12%
INCY	B	0.12%
HRL	F	0.1%
LYG	C	0.1%
PCAR	D	0.1%
CPB	D	0.1%
STLA	F	0.1%
BCS	B	0.1%
NBIX	F	0.1%
CNI	D	0.1%
CMI	A	0.09%
RTX	A	0.09%
SMFG	D	0.09%
F	D	0.09%
COP	D	0.09%
LEN	C	0.09%
SJM	D	0.08%
BMRN	F	0.08%
XEL	C	0.08%
AMCR	C	0.08%
FANG	D	0.08%
AEE	A	0.08%
HMC	D	0.08%
SONY	C	0.08%
PHM	C	0.07%
LOGI	D	0.07%
MOH	F	0.07%
NVR	C	0.07%
AEP	C	0.07%
VLO	F	0.07%
DPZ	D	0.06%
D	A	0.06%
GPC	D	0.06%
BBY	C	0.06%
FDX	F	0.06%
JKHY	A	0.06%
BTI	D	0.05%
CAG	D	0.05%
BLDR	C	0.05%
DINO	F	0.05%
CMS	A	0.05%
MT	B	0.05%
ADM	F	0.05%
EOG	B	0.05%
TDY	A	0.05%
TSCO	A	0.05%
EME	B	0.04%
MANH	A	0.04%
EXPD	D	0.04%
WBA	F	0.04%
HPQ	B	0.04%
WSM	C	0.04%
DOW	B	0.04%
DOV	C	0.04%
NUE	D	0.04%
DVN	F	0.03%
FDS	C	0.03%
JBHT	D	0.03%
CBRE	C	0.03%
PNR	C	0.03%
APD	C	0.03%
HBAN	B	0.03%
JCI	C	0.03%
SW	C	0.03%
APA	F	0.03%
SYY	D	0.03%
LNT	B	0.03%
OC	C	0.03%
BG	F	0.03%
AVY	D	0.03%
RF	B	0.03%
KMI	A	0.03%
LYB	B	0.03%
WSO	C	0.03%
CSL	A	0.03%
PKG	B	0.03%
LPLA	D	0.03%
HPE	B	0.03%
OXY	D	0.03%
ACI	F	0.02%
NRG	A	0.02%
OVV	D	0.02%
PPG	D	0.02%
CNH	C	0.02%
JBL	C	0.02%
NMR	F	0.02%
APTV	D	0.02%
SWK	C	0.02%
TTC	F	0.02%
WY	C	0.02%
CHK	C	0.02%
GEV	A	0.02%
AER	C	0.02%
GEHC	C	0.02%
CTRA	D	0.02%
DTE	B	0.02%
MOS	F	0.02%
IP	C	0.02%
PFG	A	0.02%
MRO	B	0.02%
AOS	C	0.02%
GLW	C	0.02%
KEY	B	0.02%
STLD	C	0.02%
CARR	A	0.02%
LHX	A	0.02%
ETR	A	0.02%
DD	C	0.02%
DKS	D	0.02%
CCL	C	0.01%
CPT	C	0.01%
OTEX	D	0.01%
RPM	A	0.01%
FOX	B	0.01%
UHAL	C	0.01%
FBIN	C	0.01%
NWSA	D	0.01%
DAL	C	0.01%
CG	B	0.01%
CLX	C	0.01%
BURL	C	0.01%
SUI	D	0.01%
HWM	A	0.01%
QRVO	F	0.01%
MBAVU	C	0.01%
AVTR	D	0.01%
HSIC	D	0.01%
WPC	C	0.01%
STX	C	0.01%
MKC	C	0.01%
CCEP	C	0.01%
HII	F	0.01%
MAA	D	0.01%
ZBRA	B	0.01%
CHRD	F	0.01%
CCK	C	0.01%
EXPE	B	0.01%
SE	B	0.01%
AGCO	D	0.01%
NDAQ	C	0.01%
KNX	D	0.01%
MLM	F	0.01%
NI	A	0.01%
VTR	C	0.01%
WFG	C	0.01%
LKQ	F	0.01%
BALL	C	0.01%
VST	A	0.01%
HOLX	D	0.01%
TXT	F	0.01%
WDC	C	0.01%
AES	C	0.01%
EMN	C	0.01%
DELL	C	0.01%
CNP	B	0.01%
BSY	D	0.01%
CRBG	B	0.01%
HES	D	0.01%
FOXA	B	0.01%
ATO	A	0.01%
TAP	D	0.01%
EVRG	C	0.01%
CHRW	C	0.01%
EQT	C	0.01%
UHS	D	0.01%
IFF	D	0.01%
CE	D	0.01%
PPL	C	0.01%
SEIC	B	0.01%
FE	C	0.01%
RJF	B	0.01%
ALLY	F	0.01%
PARA	F	0.01%
BA	F	0.01%
KMX	F	0.01%
GLBE	C	0.0%
XRX	D	0.0%
H	B	0.0%
FUTU	A	0.0%
HEI	C	0.0%
GRAB	C	0.0%
DT	B	0.0%
TECH	D	0.0%
LII	C	0.0%
ELS	D	0.0%
HEI	C	0.0%
LYV	A	0.0%
LUV	B	0.0%
LW	D	0.0%
MSCI	B	0.0%
QGEN	F	0.0%
WLK	C	0.0%
UDR	C	0.0%
BIO	B	0.0%
ARES	A	0.0%
AMH	D	0.0%
TWLO	B	0.0%

QWLD Underweight 14 Positions Relative to CRBN

Symbol	Grade	Weight
IBN	C	-0.06%
LH	D	-0.05%
COO	C	-0.05%
FWONK	D	-0.04%
CHT	C	-0.04%
WIT	C	-0.04%
MTD	C	-0.04%
HDB	D	-0.04%
AZPN	A	-0.03%
TEAM	D	-0.03%
NLY	C	-0.02%
CELH	F	-0.01%
HUBS	D	-0.01%
MDB	D	-0.01%