QWLD vs. CSM ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to ProShares Large Cap Core Plus (CSM)

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

$128.44

Average Daily Volume

3,453

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	CSM
30 Days	0.82%	2.89%
60 Days	0.23%	4.45%
90 Days	0.87%	6.39%
12 Months	22.65%	32.21%

297 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in CSM	Overlap
	A	D	0.06%	0.29%	0.06%
	AAPL	C	2.57%	4.66%	2.57%
	ABBV	D	0.16%	0.35%	0.16%
	ABBV	D	0.34%	0.35%	0.34%
	ABNB	C	0.01%	0.16%	0.01%
	ABT	B	0.09%	0.06%	0.06%
	ACGL	D	0.26%	0.3%	0.26%
	ACN	C	0.65%	0.05%	0.05%
	ADBE	C	0.42%	0.52%	0.42%
	ADSK	A	0.1%	0.17%	0.1%
	AES	F	0.01%	0.19%	0.01%
	AIZ	A	0.08%	0.32%	0.08%
	AKAM	D	0.11%	0.19%	0.11%
	ALL	A	0.08%	0.38%	0.08%
	ALLE	D	0.02%	0.11%	0.02%
	AMAT	F	0.29%	0.21%	0.21%
	AMD	F	0.03%	0.15%	0.03%
	AME	A	0.01%	0.38%	0.01%
	AMGN	D	0.16%	0.04%	0.04%
	AMZN	C	0.37%	2.77%	0.37%
	ANET	C	0.19%	0.31%	0.19%
	AOS	F	0.02%	0.06%	0.02%
	APA	D	0.02%	0.21%	0.02%
	APD	A	0.03%	0.35%	0.03%
	APH	A	0.43%	0.44%	0.43%
	APTV	D	0.01%	0.2%	0.01%
	ARE	D	0.01%	0.03%	0.01%
	AVB	B	0.01%	0.35%	0.01%
	AVGO	D	0.11%	1.22%	0.11%
	BAC	A	0.39%	0.29%	0.29%
	BAX	D	0.01%	0.25%	0.01%
	BBY	D	0.06%	0.26%	0.06%
	BDX	F	0.07%	0.37%	0.07%
	BEN	C	0.01%	0.32%	0.01%
	BG	F	0.03%	0.24%	0.03%
	BIIB	F	0.01%	0.14%	0.01%
	BK	A	0.05%	0.13%	0.05%
	BKR	B	0.02%	0.39%	0.02%
	BLDR	D	0.05%	0.16%	0.05%
	BMY	B	0.21%	0.49%	0.21%
	BRK.A	B	0.73%	0.96%	0.73%
	BRO	B	0.14%	0.34%	0.14%
	BX	A	0.03%	0.18%	0.03%
	CAG	D	0.04%	0.1%	0.04%
	CAH	B	0.13%	0.34%	0.13%
	CBOE	B	0.24%	0.28%	0.24%
	CBRE	B	0.03%	0.35%	0.03%
	CCL	B	0.01%	0.38%	0.01%
	CDNS	B	0.13%	0.35%	0.13%
	CE	F	0.01%	0.16%	0.01%
	CFG	B	0.04%	0.19%	0.04%
	CHD	B	0.19%	0.06%	0.06%
	CI	F	0.18%	0.38%	0.18%
	CLX	B	0.01%	0.06%	0.01%
	CMCSA	B	0.17%	0.23%	0.17%
	CME	A	0.16%	0.4%	0.16%
	CMG	B	0.14%	0.04%	0.04%
	CNC	D	0.05%	0.26%	0.05%
	CNP	B	0.01%	0.32%	0.01%
	COF	B	0.1%	0.27%	0.1%
	COR	B	0.41%	0.33%	0.33%
	COST	B	0.76%	0.32%	0.32%
	CPB	D	0.09%	0.09%	0.09%
	CPT	B	0.01%	0.29%	0.01%
	CRL	C	0.0%	0.28%	0.0%
	CRM	B	0.06%	0.83%	0.06%
	CRWD	B	0.0%	0.19%	0.0%
	CSCO	B	1.03%	0.04%	0.04%
	CSGP	D	0.0%	0.04%	0.0%
	CSX	B	0.11%	0.25%	0.11%
	CTSH	B	0.2%	0.35%	0.2%
	CTVA	C	0.04%	0.1%	0.04%
	CVS	D	0.16%	0.2%	0.16%
	CVX	A	0.33%	0.09%	0.09%
	DAY	B	0.0%	0.09%	0.0%
	DFS	B	0.04%	0.18%	0.04%
	DG	F	0.01%	0.22%	0.01%
	DHI	D	0.1%	0.23%	0.1%
	DHR	F	0.05%	0.03%	0.03%
	DIS	B	0.1%	0.1%	0.1%
	DLR	B	0.02%	0.07%	0.02%
	DOC	D	0.01%	0.21%	0.01%
	DPZ	C	0.06%	0.05%	0.05%
	DTE	C	0.02%	0.3%	0.02%
	DUK	C	0.36%	0.34%	0.34%
	DVN	F	0.03%	0.3%	0.03%
	DXCM	D	0.0%	0.08%	0.0%
	EA	A	0.2%	0.2%	0.2%
	EBAY	D	0.01%	0.07%	0.01%
	EG	C	0.06%	0.25%	0.06%
	EIX	B	0.03%	0.32%	0.03%
	EL	F	0.01%	0.21%	0.01%
	EMN	D	0.01%	0.28%	0.01%
	EMR	A	0.03%	0.22%	0.03%
	EPAM	C	0.02%	0.05%	0.02%
	EQIX	A	0.02%	0.26%	0.02%
	EQR	B	0.01%	0.33%	0.01%
	ETN	A	0.03%	0.42%	0.03%
	ETR	B	0.03%	0.37%	0.03%
	EXC	C	0.03%	0.29%	0.03%
	F	C	0.09%	0.15%	0.09%
	FANG	D	0.09%	0.32%	0.09%
	FAST	B	0.09%	0.04%	0.04%
	FCX	D	0.02%	0.12%	0.02%
	FDS	B	0.03%	0.04%	0.03%
	FDX	B	0.07%	0.29%	0.07%
	FE	C	0.01%	0.1%	0.01%
	FFIV	B	0.16%	0.34%	0.16%
	FIS	C	0.02%	0.07%	0.02%
	FITB	A	0.03%	0.15%	0.03%
	FOXA	B	0.01%	0.26%	0.01%
	FSLR	F	0.01%	0.1%	0.01%
	FTNT	C	0.01%	0.33%	0.01%
	FTV	C	0.01%	0.07%	0.01%
	GDDY	A	0.25%	0.37%	0.25%
	GE	D	0.31%	0.57%	0.31%
	GEHC	F	0.02%	0.2%	0.02%
	GEN	B	0.12%	0.18%	0.12%
	GILD	C	0.24%	0.24%	0.24%
	GM	B	0.19%	0.4%	0.19%
	GOOG	C	0.94%	1.02%	0.94%
	GOOGL	C	1.07%	1.27%	1.07%
	GPC	D	0.05%	0.14%	0.05%
	GRMN	B	0.05%	0.37%	0.05%
	HAL	C	0.02%	0.23%	0.02%
	HBAN	A	0.03%	0.28%	0.03%
	HCA	F	0.04%	0.15%	0.04%
	HD	A	0.15%	0.31%	0.15%
	HES	B	0.01%	0.14%	0.01%
	HIG	B	0.03%	0.33%	0.03%
	HII	D	0.01%	0.24%	0.01%
	HOLX	D	0.01%	0.11%	0.01%
	HPQ	B	0.04%	0.29%	0.04%
	HRL	D	0.09%	0.06%	0.06%
	HST	C	0.01%	0.31%	0.01%
	HWM	A	0.01%	0.39%	0.01%
	IBM	C	0.46%	0.03%	0.03%
	IEX	B	0.03%	0.29%	0.03%
	INCY	C	0.15%	0.36%	0.15%
	INTC	D	0.1%	0.25%	0.1%
	INTU	C	0.27%	0.58%	0.27%
	INVH	D	0.01%	0.28%	0.01%
	IP	B	0.02%	0.06%	0.02%
	IPG	D	0.02%	0.12%	0.02%
	IQV	D	0.01%	0.25%	0.01%
	IR	B	0.01%	0.33%	0.01%
	ISRG	A	0.25%	0.09%	0.09%
	J	F	0.01%	0.04%	0.01%
	JBL	B	0.02%	0.08%	0.02%
	JKHY	D	0.07%	0.12%	0.07%
	JNJ	D	1.1%	0.4%	0.4%
	JPM	A	0.6%	0.69%	0.6%
	KDP	D	0.14%	0.12%	0.12%
	KHC	F	0.2%	0.11%	0.11%
	KMB	D	0.11%	0.32%	0.11%
	KMI	A	0.04%	0.12%	0.04%
	KMX	B	0.02%	0.21%	0.02%
	KO	D	0.56%	0.12%	0.12%
	KR	B	0.31%	0.36%	0.31%
	L	A	0.17%	0.33%	0.17%
	LDOS	C	0.01%	0.37%	0.01%
	LEN	D	0.09%	0.32%	0.09%
	LIN	D	0.06%	0.08%	0.06%
	LKQ	D	0.01%	0.1%	0.01%
	LLY	F	1.14%	0.91%	0.91%
	LMT	D	0.42%	0.2%	0.2%
	LOW	D	0.07%	0.04%	0.04%
	LRCX	F	0.18%	0.17%	0.17%
	LULU	C	0.07%	0.09%	0.07%
	LYB	F	0.03%	0.27%	0.03%
	LYV	A	0.0%	0.35%	0.0%
	MA	C	0.71%	0.38%	0.38%
	MAA	B	0.01%	0.28%	0.01%
	MAR	B	0.01%	0.09%	0.01%
	MAS	D	0.01%	0.04%	0.01%
	MCD	D	0.42%	0.03%	0.03%
	MCK	B	0.58%	0.45%	0.45%
	MCO	B	0.13%	0.36%	0.13%
	MDT	D	0.06%	0.25%	0.06%
	MET	A	0.05%	0.24%	0.05%
	META	D	2.11%	1.6%	1.6%
	MGM	D	0.01%	0.18%	0.01%
	MKC	D	0.01%	0.05%	0.01%
	MMC	B	0.51%	0.04%	0.04%
	MOH	F	0.06%	0.16%	0.06%
	MRK	F	0.42%	0.62%	0.42%
	MSCI	C	0.0%	0.15%	0.0%
	MSFT	F	2.3%	4.32%	2.3%
	MSI	B	0.65%	0.23%	0.23%
	MTB	A	0.05%	0.34%	0.05%
	MTCH	D	0.0%	0.07%	0.0%
	MU	D	0.04%	0.44%	0.04%
	NEM	D	0.04%	0.09%	0.04%
	NFLX	A	0.54%	0.46%	0.46%
	NI	A	0.01%	0.21%	0.01%
	NOC	D	0.32%	0.38%	0.32%
	NOW	A	0.01%	0.14%	0.01%
	NRG	B	0.02%	0.33%	0.02%
	NTRS	A	0.02%	0.29%	0.02%
	NUE	C	0.04%	0.08%	0.04%
	NVDA	C	2.53%	4.99%	2.53%
	NWSA	B	0.01%	0.12%	0.01%
	OKE	A	0.03%	0.18%	0.03%
	OMC	C	0.04%	0.23%	0.04%
	ON	D	0.01%	0.12%	0.01%
	ORCL	B	0.25%	0.13%	0.13%
	OTIS	C	0.01%	0.32%	0.01%
	PANW	C	0.18%	0.2%	0.18%
	PARA	C	0.01%	0.19%	0.01%
	PAYC	B	0.02%	0.32%	0.02%
	PAYX	C	0.1%	0.07%	0.07%
	PCG	A	0.03%	0.29%	0.03%
	PEP	F	0.77%	0.32%	0.32%
	PFE	D	0.18%	0.12%	0.12%
	PFG	D	0.02%	0.11%	0.02%
	PG	A	0.95%	0.4%	0.4%
	PGR	A	0.35%	0.23%	0.23%
	PH	A	0.02%	0.45%	0.02%
	PHM	D	0.06%	0.3%	0.06%
	PKG	A	0.04%	0.05%	0.04%
	PLD	D	0.04%	0.33%	0.04%
	PM	B	0.07%	0.04%	0.04%
	PNR	A	0.03%	0.33%	0.03%
	PPG	F	0.01%	0.23%	0.01%
	PRU	A	0.05%	0.29%	0.05%
	PSA	D	0.09%	0.14%	0.09%
	PSX	C	0.14%	0.12%	0.12%
	PTC	A	0.08%	0.04%	0.04%
	PYPL	B	0.04%	0.25%	0.04%
	QCOM	F	0.32%	0.5%	0.32%
	QRVO	F	0.0%	0.19%	0.0%
	RCL	A	0.01%	0.42%	0.01%
	REG	B	0.01%	0.2%	0.01%
	RF	A	0.03%	0.05%	0.03%
	RJF	A	0.02%	0.4%	0.02%
	RMD	C	0.05%	0.2%	0.05%
	ROL	B	0.08%	0.26%	0.08%
	ROP	B	0.48%	0.12%	0.12%
	ROST	C	0.02%	0.04%	0.02%
	RSG	A	0.46%	0.34%	0.34%
	SJM	D	0.07%	0.18%	0.07%
	SLB	C	0.03%	0.31%	0.03%
	SMCI	F	0.01%	0.03%	0.01%
	SNA	A	0.04%	0.39%	0.04%
	SNPS	B	0.12%	0.42%	0.12%
	SO	D	0.46%	0.26%	0.26%
	SPG	B	0.02%	0.14%	0.02%
	STE	F	0.01%	0.31%	0.01%
	STLD	B	0.02%	0.14%	0.02%
	STX	D	0.01%	0.28%	0.01%
	SWK	D	0.01%	0.25%	0.01%
	SWKS	F	0.03%	0.2%	0.03%
	SYF	B	0.04%	0.39%	0.04%
	SYY	B	0.03%	0.13%	0.03%
	T	A	0.39%	0.2%	0.2%
	TAP	C	0.01%	0.34%	0.01%
	TDY	B	0.06%	0.13%	0.06%
	TFX	F	0.0%	0.21%	0.0%
	TGT	F	0.15%	0.33%	0.15%
	TJX	A	0.35%	0.48%	0.35%
	TMO	F	0.06%	0.55%	0.06%
	TMUS	B	0.76%	0.5%	0.5%
	TRGP	B	0.04%	0.4%	0.04%
	TRMB	B	0.01%	0.05%	0.01%
	TROW	B	0.05%	0.35%	0.05%
	TRV	B	0.3%	0.11%	0.11%
	TSLA	B	0.16%	0.97%	0.16%
	TSN	B	0.15%	0.34%	0.15%
	TT	A	0.15%	0.43%	0.15%
	TXT	D	0.01%	0.26%	0.01%
	UBER	D	0.01%	0.39%	0.01%
	UHS	D	0.01%	0.29%	0.01%
	UNH	C	1.35%	0.52%	0.52%
	URI	B	0.02%	0.13%	0.02%
	V	A	1.21%	0.43%	0.43%
	VICI	C	0.02%	0.33%	0.02%
	VLO	C	0.08%	0.08%	0.08%
	VRSN	F	0.14%	0.25%	0.14%
	VRTX	F	0.43%	0.46%	0.43%
	VTR	C	0.01%	0.31%	0.01%
	VTRS	A	0.03%	0.29%	0.03%
	VZ	C	0.58%	0.05%	0.05%
	WAB	B	0.01%	0.26%	0.01%
	WBA	F	0.04%	0.15%	0.04%
	WDC	D	0.01%	0.22%	0.01%
	WELL	A	0.02%	0.42%	0.02%
	WFC	A	0.28%	0.15%	0.15%
	WM	A	0.52%	0.04%	0.04%
	WMT	A	0.76%	0.24%	0.24%
	WRB	A	0.14%	0.08%	0.08%
	WTW	B	0.07%	0.14%	0.07%
	WY	D	0.02%	0.3%	0.02%
	WYNN	D	0.0%	0.04%	0.0%
	XEL	A	0.09%	0.35%	0.09%
	XOM	B	0.47%	0.51%	0.47%
	XYL	D	0.01%	0.26%	0.01%
	ZTS	D	0.15%	0.15%	0.15%

QWLD Overweight 313 Positions Relative to CSM

	Symbol	Grade	Weight
	NVS	D	0.79%
	TXN	C	0.48%
	CB	C	0.4%
	CAT	B	0.36%
	ED	D	0.35%
	GIS	D	0.33%
	REGN	F	0.31%
	AZO	C	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	ADP	B	0.26%
	UNP	C	0.26%
	HON	B	0.26%
	HSBH	B	0.25%
	C	A	0.25%
	BLK	C	0.25%
	ORLY	B	0.24%
	MFG	B	0.24%
	K	A	0.23%
	ELV	F	0.21%
	CL	D	0.2%
	WEC	A	0.2%
	AJG	B	0.19%
	WMB	A	0.19%
	GD	F	0.18%
	KEYS	A	0.17%
	NKE	D	0.17%
	AON	A	0.17%
	CHKP	D	0.17%
	GS	A	0.17%
	MPC	D	0.17%
	HSY	F	0.16%
	TM	D	0.15%
	YUM	B	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	HUM	C	0.15%
	CTAS	B	0.14%
	MMM	D	0.14%
	SHW	A	0.14%
	MUFG	B	0.14%
	MDLZ	F	0.14%
	KLAC	D	0.14%
	MKL	A	0.13%
	CF	B	0.13%
	ITW	B	0.13%
	ERIE	D	0.12%
	MS	A	0.12%
	JNPR	F	0.12%
	AFL	B	0.12%
	TD	F	0.12%
	E	F	0.12%
	DGX	A	0.11%
	NBIX	C	0.11%
	PCAR	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	GWW	B	0.11%
	PNC	B	0.1%
	CMI	A	0.1%
	COP	C	0.1%
	CNI	D	0.1%
	SMFG	B	0.1%
	FI	A	0.09%
	LYG	F	0.09%
	TFC	A	0.09%
	RTX	C	0.09%
	AEE	A	0.09%
	USB	A	0.09%
	AMP	A	0.09%
	AMCR	D	0.08%
	ODFL	B	0.08%
	CPRT	A	0.08%
	KVUE	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	WBD	C	0.07%
	MNST	C	0.07%
	HMC	F	0.07%
	AIG	B	0.07%
	UPS	C	0.07%
	AEP	D	0.07%
	EW	C	0.07%
	BMRN	D	0.07%
	CDW	F	0.07%
	IDXX	F	0.07%
	NEE	D	0.06%
	TSCO	D	0.06%
	TPL	A	0.06%
	MCHP	D	0.06%
	LNG	B	0.06%
	EOG	A	0.06%
	D	C	0.06%
	LOGI	D	0.06%
	ROK	B	0.06%
	AXP	A	0.06%
	ULTA	F	0.06%
	DE	A	0.06%
	NVR	D	0.06%
	VEEV	C	0.05%
	LPLA	A	0.05%
	BTI	B	0.05%
	DOV	A	0.05%
	VLTO	D	0.05%
	ADM	D	0.05%
	DINO	D	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	CMS	C	0.05%
	DECK	A	0.05%
	CHTR	C	0.05%
	ADI	D	0.04%
	WST	C	0.04%
	SPGI	C	0.04%
	SRE	A	0.04%
	HPE	B	0.04%
	SBUX	A	0.04%
	MANH	D	0.04%
	EXPD	D	0.04%
	HUBB	B	0.04%
	WAT	B	0.04%
	MO	A	0.04%
	MPWR	F	0.04%
	SCHW	B	0.04%
	BR	A	0.04%
	WDAY	B	0.04%
	NTAP	C	0.04%
	EME	C	0.04%
	AVY	D	0.03%
	GGG	B	0.03%
	POOL	C	0.03%
	JBHT	C	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	LNT	A	0.03%
	BKNG	A	0.03%
	ICE	C	0.03%
	SOLV	C	0.03%
	JCI	C	0.03%
	CSL	C	0.03%
	SYK	C	0.03%
	WSO	A	0.03%
	OC	A	0.03%
	STT	A	0.03%
	DRI	B	0.03%
	OXY	D	0.03%
	DOW	F	0.03%
	WSM	B	0.03%
	IT	C	0.03%
	ALLY	C	0.02%
	TTC	D	0.02%
	NXPI	D	0.02%
	MKTX	D	0.02%
	ACI	C	0.02%
	EQT	B	0.02%
	SQ	B	0.02%
	APO	B	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	CEG	D	0.02%
	OVV	B	0.02%
	AER	B	0.02%
	CINF	A	0.02%
	MOS	F	0.02%
	LH	C	0.02%
	AFG	A	0.02%
	CTRA	B	0.02%
	CARR	D	0.02%
	GLW	B	0.02%
	MRO	B	0.02%
	NDSN	B	0.02%
	GPN	B	0.02%
	AMT	D	0.02%
	PEG	A	0.02%
	O	D	0.02%
	DD	D	0.02%
	DKS	C	0.02%
	BSX	B	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	KEY	B	0.02%
	LHX	C	0.02%
	TER	D	0.02%
	DASH	A	0.01%
	WTRG	B	0.01%
	CTLT	B	0.01%
	VRSK	A	0.01%
	RPRX	D	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	GLPI	C	0.01%
	DVA	B	0.01%
	RPM	A	0.01%
	TRU	D	0.01%
	FOX	A	0.01%
	AVTR	F	0.01%
	TTWO	A	0.01%
	SUI	D	0.01%
	BURL	A	0.01%
	IRM	D	0.01%
	WPC	D	0.01%
	EFX	F	0.01%
	TWLO	A	0.01%
	HLT	A	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	ESS	B	0.01%
	CG	A	0.01%
	COIN	C	0.01%
	MRNA	F	0.01%
	CCEP	C	0.01%
	DAL	C	0.01%
	ACM	A	0.01%
	BXP	D	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	ZBRA	B	0.01%
	STZ	D	0.01%
	TDG	D	0.01%
	BALL	D	0.01%
	SSNC	B	0.01%
	DLTR	F	0.01%
	AWK	D	0.01%
	CPAY	A	0.01%
	WFG	D	0.01%
	SE	B	0.01%
	KNX	B	0.01%
	NDAQ	A	0.01%
	IFF	D	0.01%
	VMC	B	0.01%
	BSY	D	0.01%
	KIM	A	0.01%
	MLM	B	0.01%
	ALB	C	0.01%
	MRVL	B	0.01%
	EXPE	B	0.01%
	EQH	B	0.01%
	FNF	B	0.01%
	PWR	A	0.01%
	ZBH	C	0.01%
	CRBG	B	0.01%
	DELL	C	0.01%
	EVRG	A	0.01%
	VST	B	0.01%
	CHRW	C	0.01%
	ATO	A	0.01%
	MELI	D	0.01%
	BA	F	0.01%
	EXR	D	0.01%
	ECL	D	0.01%
	CCI	D	0.01%
	ES	D	0.01%
	PPL	B	0.01%
	CNH	C	0.01%
	ENPH	F	0.01%
	GLBE	B	0.0%
	IOT	A	0.0%
	NET	B	0.0%
	RBLX	C	0.0%
	XRX	F	0.0%
	DDOG	A	0.0%
	DKNG	B	0.0%
	TOST	B	0.0%
	SNAP	C	0.0%
	H	B	0.0%
	PSTG	D	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	D	0.0%
	DT	C	0.0%
	SNOW	C	0.0%
	DOCU	A	0.0%
	EXAS	D	0.0%
	PODD	C	0.0%
	GRAB	B	0.0%
	TECH	D	0.0%
	ROKU	D	0.0%
	OKTA	C	0.0%
	MSTR	C	0.0%
	TYL	B	0.0%
	LII	A	0.0%
	TTD	B	0.0%
	ELS	C	0.0%
	HOOD	B	0.0%
	ENTG	D	0.0%
	TW	A	0.0%
	HEI	B	0.0%
	RIVN	F	0.0%
	Z	A	0.0%
	LUV	C	0.0%
	WLK	D	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	AXON	A	0.0%
	LVS	C	0.0%
	BIO	D	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	OTEX	D	0.0%
	ANSS	B	0.0%
	AMH	D	0.0%
	ALGN	D	0.0%
	PLTR	B	0.0%
	UHAL	D	0.0%
	ARES	A	0.0%
	FBIN	D	0.0%

QWLD Underweight 11 Positions Relative to CSM

	Symbol	Grade	Weight
	UAL	A	-0.42%
	NCLH	B	-0.35%
	RL	B	-0.32%
	FRT	B	-0.3%
	IVZ	B	-0.29%
	MTD	D	-0.28%
	GL	B	-0.21%
	TPR	B	-0.16%
	BWA	D	-0.15%
	PNW	B	-0.13%
	FMC	D	-0.03%

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

CSM: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Drug Manufacturers - Major Semiconductors Diagnostics & Research Medical Instruments & Supplies Utilities - Regulated Electric Asset Management Credit Services Internet Content & Information Packaged Foods Banks - Regional - US Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Industrial Machinery Aerospace & Defense Business Services

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