QWLD vs. ESG ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to FlexShares STOXX US ESG Impact Index Fund (ESG)

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

ESG

FlexShares STOXX US ESG Impact Index Fund

ESG Description

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX US ESG Impact Index.

Grade (RS Rating)

Last Trade

$140.22

Average Daily Volume

4,414

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	ESG
30 Days	0.82%	3.59%
60 Days	0.23%	3.59%
90 Days	0.87%	6.22%
12 Months	22.65%	27.36%

251 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in ESG	Overlap
	A	D	0.06%	0.06%	0.06%
	AAPL	C	2.57%	4.84%	2.57%
	ABT	B	0.09%	0.66%	0.09%
	ACM	A	0.01%	0.06%	0.01%
	ACN	C	0.65%	1.12%	0.65%
	ADBE	C	0.42%	0.76%	0.42%
	ADM	D	0.05%	0.08%	0.05%
	ADP	B	0.26%	0.5%	0.26%
	ADSK	A	0.1%	0.33%	0.1%
	AEP	D	0.07%	0.2%	0.07%
	AES	F	0.01%	0.04%	0.01%
	AFL	B	0.12%	0.23%	0.12%
	AIG	B	0.07%	0.08%	0.07%
	AJG	B	0.19%	0.16%	0.16%
	AKAM	D	0.11%	0.03%	0.03%
	ALL	A	0.08%	0.08%	0.08%
	AMAT	F	0.29%	0.5%	0.29%
	AMD	F	0.03%	0.74%	0.03%
	AMT	D	0.02%	0.37%	0.02%
	AMZN	C	0.37%	5.34%	0.37%
	AON	A	0.17%	0.27%	0.17%
	APO	B	0.02%	0.35%	0.02%
	APTV	D	0.01%	0.04%	0.01%
	ARE	D	0.01%	0.05%	0.01%
	AVGO	D	0.11%	1.95%	0.11%
	AVTR	F	0.01%	0.02%	0.01%
	AWK	D	0.01%	0.13%	0.01%
	AZO	C	0.28%	0.09%	0.09%
	BAC	A	0.39%	1.03%	0.39%
	BALL	D	0.01%	0.07%	0.01%
	BAX	D	0.01%	0.04%	0.01%
	BBY	D	0.06%	0.09%	0.06%
	BDX	F	0.07%	0.11%	0.07%
	BG	F	0.03%	0.03%	0.03%
	BK	A	0.05%	0.23%	0.05%
	BKNG	A	0.03%	0.55%	0.03%
	BKR	B	0.02%	0.1%	0.02%
	BLK	C	0.25%	0.72%	0.25%
	BMY	B	0.21%	0.39%	0.21%
	BR	A	0.04%	0.09%	0.04%
	BRK.A	B	0.73%	3.02%	0.73%
	BSX	B	0.02%	0.21%	0.02%
	BURL	A	0.01%	0.05%	0.01%
	C	A	0.25%	0.64%	0.25%
	CAG	D	0.04%	0.03%	0.03%
	CAH	B	0.13%	0.09%	0.09%
	CAT	B	0.36%	0.31%	0.31%
	CB	C	0.4%	0.26%	0.26%
	CBRE	B	0.03%	0.2%	0.03%
	CCEP	C	0.01%	0.08%	0.01%
	CCL	B	0.01%	0.08%	0.01%
	CDNS	B	0.13%	0.13%	0.13%
	CEG	D	0.02%	0.18%	0.02%
	CI	F	0.18%	0.3%	0.18%
	CL	D	0.2%	0.31%	0.2%
	CLX	B	0.01%	0.1%	0.01%
	CMG	B	0.14%	0.27%	0.14%
	CMI	A	0.1%	0.17%	0.1%
	CMS	C	0.05%	0.05%	0.05%
	COST	B	0.76%	1.01%	0.76%
	CRM	B	0.06%	0.53%	0.06%
	CRWD	B	0.0%	0.26%	0.0%
	CSCO	B	1.03%	0.96%	0.96%
	CTAS	B	0.14%	0.37%	0.14%
	CTSH	B	0.2%	0.1%	0.1%
	CTVA	C	0.04%	0.06%	0.04%
	CVS	D	0.16%	0.28%	0.16%
	CVX	A	0.33%	1.36%	0.33%
	D	C	0.06%	0.08%	0.06%
	DD	D	0.02%	0.12%	0.02%
	DE	A	0.06%	0.44%	0.06%
	DECK	A	0.05%	0.11%	0.05%
	DFS	B	0.04%	0.18%	0.04%
	DG	F	0.01%	0.02%	0.01%
	DIS	B	0.1%	0.81%	0.1%
	DKS	C	0.02%	0.02%	0.02%
	DLTR	F	0.01%	0.04%	0.01%
	DOC	D	0.01%	0.08%	0.01%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.03%	0.1%	0.03%
	DPZ	C	0.06%	0.04%	0.04%
	DUK	C	0.36%	0.21%	0.21%
	EA	A	0.2%	0.13%	0.13%
	EBAY	D	0.01%	0.1%	0.01%
	ECL	D	0.01%	0.17%	0.01%
	ED	D	0.35%	0.05%	0.05%
	EIX	B	0.03%	0.13%	0.03%
	EL	F	0.01%	0.06%	0.01%
	ELV	F	0.21%	0.39%	0.21%
	EMR	A	0.03%	0.12%	0.03%
	ESS	B	0.01%	0.06%	0.01%
	ETR	B	0.03%	0.08%	0.03%
	EW	C	0.07%	0.13%	0.07%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.01%	0.07%	0.01%
	FANG	D	0.09%	0.05%	0.05%
	FCX	D	0.02%	0.15%	0.02%
	FDS	B	0.03%	0.1%	0.03%
	FDX	B	0.07%	0.22%	0.07%
	FFIV	B	0.16%	0.02%	0.02%
	FITB	A	0.03%	0.08%	0.03%
	FTV	C	0.01%	0.1%	0.01%
	GEHC	F	0.02%	0.17%	0.02%
	GEN	B	0.12%	0.07%	0.07%
	GILD	C	0.24%	0.28%	0.24%
	GIS	D	0.33%	0.18%	0.18%
	GLW	B	0.02%	0.06%	0.02%
	GM	B	0.19%	0.32%	0.19%
	GS	A	0.17%	0.92%	0.17%
	GWW	B	0.11%	0.17%	0.11%
	HBAN	A	0.03%	0.06%	0.03%
	HD	A	0.15%	0.99%	0.15%
	HIG	B	0.03%	0.14%	0.03%
	HLT	A	0.01%	0.25%	0.01%
	HOLX	D	0.01%	0.06%	0.01%
	HPE	B	0.04%	0.12%	0.04%
	HPQ	B	0.04%	0.17%	0.04%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.16%	0.1%	0.1%
	IBM	C	0.46%	0.95%	0.46%
	ICE	C	0.03%	0.44%	0.03%
	IDXX	F	0.07%	0.06%	0.06%
	IEX	B	0.03%	0.04%	0.03%
	INTC	D	0.1%	0.53%	0.1%
	INTU	C	0.27%	0.48%	0.27%
	IPG	D	0.02%	0.06%	0.02%
	IQV	D	0.01%	0.12%	0.01%
	IRM	D	0.01%	0.13%	0.01%
	IT	C	0.03%	0.17%	0.03%
	ITW	B	0.13%	0.13%	0.13%
	JBL	B	0.02%	0.03%	0.02%
	JNJ	D	1.1%	1.79%	1.1%
	JPM	A	0.6%	3.38%	0.6%
	K	A	0.23%	0.09%	0.09%
	KDP	D	0.14%	0.06%	0.06%
	KEY	B	0.02%	0.05%	0.02%
	KHC	F	0.2%	0.09%	0.09%
	KLAC	D	0.14%	0.15%	0.14%
	KMB	D	0.11%	0.22%	0.11%
	KO	D	0.56%	1.2%	0.56%
	KR	B	0.31%	0.2%	0.2%
	LII	A	0.0%	0.09%	0.0%
	LKQ	D	0.01%	0.02%	0.01%
	LLY	F	1.14%	2.2%	1.14%
	LNG	B	0.06%	0.08%	0.06%
	LNT	A	0.03%	0.05%	0.03%
	LOW	D	0.07%	0.51%	0.07%
	LRCX	F	0.18%	0.24%	0.18%
	LULU	C	0.07%	0.19%	0.07%
	LVS	C	0.0%	0.04%	0.0%
	MA	C	0.71%	1.06%	0.71%
	MAR	B	0.01%	0.28%	0.01%
	MAS	D	0.01%	0.03%	0.01%
	MCD	D	0.42%	0.35%	0.35%
	MCK	B	0.58%	0.26%	0.26%
	MCO	B	0.13%	0.13%	0.13%
	MDLZ	F	0.14%	0.36%	0.14%
	MDT	D	0.06%	0.36%	0.06%
	MET	A	0.05%	0.2%	0.05%
	META	D	2.11%	5.19%	2.11%
	MKC	D	0.01%	0.06%	0.01%
	MMC	B	0.51%	0.27%	0.27%
	MRK	F	0.42%	1.02%	0.42%
	MRNA	F	0.01%	0.04%	0.01%
	MRO	B	0.02%	0.05%	0.02%
	MS	A	0.12%	0.26%	0.12%
	MSCI	C	0.0%	0.12%	0.0%
	MSFT	F	2.3%	4.72%	2.3%
	MU	D	0.04%	0.54%	0.04%
	NDAQ	A	0.01%	0.13%	0.01%
	NDSN	B	0.02%	0.04%	0.02%
	NEM	D	0.04%	0.19%	0.04%
	NI	A	0.01%	0.04%	0.01%
	NKE	D	0.17%	0.22%	0.17%
	NOW	A	0.01%	0.36%	0.01%
	NRG	B	0.02%	0.04%	0.02%
	NTAP	C	0.04%	0.08%	0.04%
	NXPI	D	0.02%	0.23%	0.02%
	OC	A	0.03%	0.03%	0.03%
	OKTA	C	0.0%	0.02%	0.0%
	OMC	C	0.04%	0.1%	0.04%
	ORCL	B	0.25%	0.74%	0.25%
	OTIS	C	0.01%	0.16%	0.01%
	PANW	C	0.18%	0.32%	0.18%
	PEG	A	0.02%	0.14%	0.02%
	PFE	D	0.18%	0.36%	0.18%
	PFG	D	0.02%	0.08%	0.02%
	PG	A	0.95%	1.94%	0.95%
	PNR	A	0.03%	0.07%	0.03%
	PPL	B	0.01%	0.04%	0.01%
	PSA	D	0.09%	0.09%	0.09%
	PSTG	D	0.0%	0.02%	0.0%
	PYPL	B	0.04%	0.29%	0.04%
	QCOM	F	0.32%	0.6%	0.32%
	RF	A	0.03%	0.06%	0.03%
	ROK	B	0.06%	0.13%	0.06%
	ROST	C	0.02%	0.2%	0.02%
	RPRX	D	0.01%	0.05%	0.01%
	RSG	A	0.46%	0.07%	0.07%
	SBUX	A	0.04%	0.19%	0.04%
	SHW	A	0.14%	0.15%	0.14%
	SJM	D	0.07%	0.02%	0.02%
	SLB	C	0.03%	0.31%	0.03%
	SMCI	F	0.01%	0.05%	0.01%
	SNAP	C	0.0%	0.04%	0.0%
	SNPS	B	0.12%	0.21%	0.12%
	SPGI	C	0.04%	0.65%	0.04%
	SRE	A	0.04%	0.14%	0.04%
	STT	A	0.03%	0.07%	0.03%
	STX	D	0.01%	0.03%	0.01%
	STZ	D	0.01%	0.07%	0.01%
	SUI	D	0.01%	0.05%	0.01%
	SWK	D	0.01%	0.04%	0.01%
	SYK	C	0.03%	0.56%	0.03%
	TFC	A	0.09%	0.21%	0.09%
	TFX	F	0.0%	0.02%	0.0%
	TGT	F	0.15%	0.29%	0.15%
	TJX	A	0.35%	0.67%	0.35%
	TRV	B	0.3%	0.24%	0.24%
	TSCO	D	0.06%	0.12%	0.06%
	TSLA	B	0.16%	2.83%	0.16%
	TSN	B	0.15%	0.03%	0.03%
	TT	A	0.15%	0.38%	0.15%
	TXN	C	0.48%	0.62%	0.48%
	UBER	D	0.01%	0.49%	0.01%
	UNH	C	1.35%	0.91%	0.91%
	UNP	C	0.26%	0.58%	0.26%
	USB	A	0.09%	0.39%	0.09%
	V	A	1.21%	2.11%	1.21%
	VICI	C	0.02%	0.17%	0.02%
	VLO	C	0.08%	0.11%	0.08%
	VRSK	A	0.01%	0.13%	0.01%
	VRTX	F	0.43%	0.4%	0.4%
	VTR	C	0.01%	0.07%	0.01%
	VZ	C	0.58%	0.28%	0.28%
	WAB	B	0.01%	0.09%	0.01%
	WDC	D	0.01%	0.11%	0.01%
	WELL	A	0.02%	0.32%	0.02%
	WM	A	0.52%	0.13%	0.13%
	WMT	A	0.76%	1.82%	0.76%
	WSM	B	0.03%	0.08%	0.03%
	WST	C	0.04%	0.04%	0.04%
	WTW	B	0.07%	0.15%	0.07%
	WY	D	0.02%	0.11%	0.02%
	XEL	A	0.09%	0.06%	0.06%
	XOM	B	0.47%	2.63%	0.47%
	XYL	D	0.01%	0.1%	0.01%
	YUM	B	0.15%	0.12%	0.12%
	ZBH	C	0.01%	0.04%	0.01%
	ZBRA	B	0.01%	0.07%	0.01%
	ZTS	D	0.15%	0.32%	0.15%

QWLD Overweight 359 Positions Relative to ESG

	Symbol	Grade	Weight
	NVDA	C	2.53%
	GOOGL	C	1.07%
	GOOG	C	0.94%
	NVS	D	0.79%
	PEP	F	0.77%
	TMUS	B	0.76%
	MSI	B	0.65%
	NFLX	A	0.54%
	ROP	B	0.48%
	SO	D	0.46%
	APH	A	0.43%
	LMT	D	0.42%
	COR	B	0.41%
	T	A	0.39%
	PGR	A	0.35%
	ABBV	D	0.34%
	NOC	D	0.32%
	REGN	F	0.31%
	GE	D	0.31%
	WFC	A	0.28%
	UL	D	0.27%
	WCN	A	0.27%
	ACGL	D	0.26%
	HON	B	0.26%
	HSBH	B	0.25%
	GDDY	A	0.25%
	ISRG	A	0.25%
	ORLY	B	0.24%
	CBOE	B	0.24%
	MFG	B	0.24%
	WEC	A	0.2%
	ANET	C	0.19%
	WMB	A	0.19%
	CHD	B	0.19%
	GD	F	0.18%
	KEYS	A	0.17%
	CMCSA	B	0.17%
	L	A	0.17%
	CHKP	D	0.17%
	MPC	D	0.17%
	ABBV	D	0.16%
	CME	A	0.16%
	AMGN	D	0.16%
	TM	D	0.15%
	UTHR	C	0.15%
	BAH	F	0.15%
	INCY	C	0.15%
	HUM	C	0.15%
	PSX	C	0.14%
	VRSN	F	0.14%
	BRO	B	0.14%
	MMM	D	0.14%
	MUFG	B	0.14%
	WRB	A	0.14%
	MKL	A	0.13%
	CF	B	0.13%
	ERIE	D	0.12%
	JNPR	F	0.12%
	TD	F	0.12%
	E	F	0.12%
	DGX	A	0.11%
	NBIX	C	0.11%
	PCAR	B	0.11%
	CSX	B	0.11%
	BCS	C	0.11%
	FCNCA	A	0.11%
	DEO	F	0.11%
	PNC	B	0.1%
	COF	B	0.1%
	COP	C	0.1%
	CNI	D	0.1%
	PAYX	C	0.1%
	SMFG	B	0.1%
	DHI	D	0.1%
	FI	A	0.09%
	CPB	D	0.09%
	LEN	D	0.09%
	LYG	F	0.09%
	RTX	C	0.09%
	AEE	A	0.09%
	HRL	D	0.09%
	FAST	B	0.09%
	AMP	A	0.09%
	F	C	0.09%
	AMCR	D	0.08%
	ODFL	B	0.08%
	PTC	A	0.08%
	CPRT	A	0.08%
	ROL	B	0.08%
	KVUE	A	0.08%
	AIZ	A	0.08%
	SONY	B	0.08%
	STLA	F	0.08%
	JKHY	D	0.07%
	WBD	C	0.07%
	MNST	C	0.07%
	HMC	F	0.07%
	UPS	C	0.07%
	BMRN	D	0.07%
	PM	B	0.07%
	CDW	F	0.07%
	NEE	D	0.06%
	TPL	A	0.06%
	MCHP	D	0.06%
	TDY	B	0.06%
	EOG	A	0.06%
	EG	C	0.06%
	LIN	D	0.06%
	MOH	F	0.06%
	TMO	F	0.06%
	LOGI	D	0.06%
	PHM	D	0.06%
	AXP	A	0.06%
	ULTA	F	0.06%
	NVR	D	0.06%
	BLDR	D	0.05%
	VEEV	C	0.05%
	LPLA	A	0.05%
	MTB	A	0.05%
	BTI	B	0.05%
	VLTO	D	0.05%
	CNC	D	0.05%
	PRU	A	0.05%
	DINO	D	0.05%
	FICO	B	0.05%
	MT	B	0.05%
	DHR	F	0.05%
	GPC	D	0.05%
	RMD	C	0.05%
	TROW	B	0.05%
	CHTR	C	0.05%
	GRMN	B	0.05%
	ADI	D	0.04%
	HCA	F	0.04%
	SNA	A	0.04%
	WBA	F	0.04%
	MANH	D	0.04%
	SYF	B	0.04%
	PKG	A	0.04%
	KMI	A	0.04%
	CFG	B	0.04%
	HUBB	B	0.04%
	WAT	B	0.04%
	MO	A	0.04%
	MPWR	F	0.04%
	SCHW	B	0.04%
	WDAY	B	0.04%
	NUE	C	0.04%
	TRGP	B	0.04%
	PLD	D	0.04%
	EME	C	0.04%
	DVN	F	0.03%
	AVY	D	0.03%
	LYB	F	0.03%
	SWKS	F	0.03%
	GGG	B	0.03%
	SYY	B	0.03%
	BX	A	0.03%
	POOL	C	0.03%
	JBHT	C	0.03%
	SW	A	0.03%
	NSC	B	0.03%
	APD	A	0.03%
	SOLV	C	0.03%
	VTRS	A	0.03%
	JCI	C	0.03%
	ETN	A	0.03%
	OKE	A	0.03%
	CSL	C	0.03%
	WSO	A	0.03%
	EXC	C	0.03%
	PCG	A	0.03%
	DRI	B	0.03%
	OXY	D	0.03%
	ALLY	C	0.02%
	EQIX	A	0.02%
	KMX	B	0.02%
	HAL	C	0.02%
	TTC	D	0.02%
	MKTX	D	0.02%
	ACI	C	0.02%
	EQT	B	0.02%
	SQ	B	0.02%
	AOS	F	0.02%
	RS	B	0.02%
	SEIC	B	0.02%
	NMR	B	0.02%
	NTRS	A	0.02%
	DTE	C	0.02%
	OVV	B	0.02%
	SPG	B	0.02%
	AER	B	0.02%
	CINF	A	0.02%
	MOS	F	0.02%
	FIS	C	0.02%
	RJF	A	0.02%
	LH	C	0.02%
	AFG	A	0.02%
	CTRA	B	0.02%
	DLR	B	0.02%
	PAYC	B	0.02%
	PH	A	0.02%
	CARR	D	0.02%
	GPN	B	0.02%
	URI	B	0.02%
	O	D	0.02%
	IP	B	0.02%
	EPAM	C	0.02%
	KKR	A	0.02%
	GEV	B	0.02%
	ALLE	D	0.02%
	STLD	B	0.02%
	LHX	C	0.02%
	APA	D	0.02%
	TER	D	0.02%
	DASH	A	0.01%
	CPT	B	0.01%
	WTRG	B	0.01%
	CTLT	B	0.01%
	MGM	D	0.01%
	FSLR	F	0.01%
	SBAC	D	0.01%
	MBAVU	D	0.01%
	RCL	A	0.01%
	GLPI	C	0.01%
	DVA	B	0.01%
	RPM	A	0.01%
	HII	D	0.01%
	TRU	D	0.01%
	TRMB	B	0.01%
	FOX	A	0.01%
	NWSA	B	0.01%
	TTWO	A	0.01%
	STE	F	0.01%
	REG	B	0.01%
	WPC	D	0.01%
	CE	F	0.01%
	INVH	D	0.01%
	EFX	F	0.01%
	TWLO	A	0.01%
	HSIC	B	0.01%
	RVTY	F	0.01%
	BEN	C	0.01%
	CG	A	0.01%
	FTNT	C	0.01%
	COIN	C	0.01%
	DAL	C	0.01%
	HWM	A	0.01%
	BXP	D	0.01%
	MAA	B	0.01%
	ZM	B	0.01%
	CHRD	D	0.01%
	CCK	C	0.01%
	AGCO	D	0.01%
	TDG	D	0.01%
	SSNC	B	0.01%
	CPAY	A	0.01%
	WFG	D	0.01%
	ABNB	C	0.01%
	IR	B	0.01%
	SE	B	0.01%
	EMN	D	0.01%
	KNX	B	0.01%
	LDOS	C	0.01%
	TXT	D	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%
	EQR	B	0.01%
	EQH	B	0.01%
	UHS	D	0.01%
	J	F	0.01%
	FNF	B	0.01%
	PWR	A	0.01%
	AVB	B	0.01%
	CNP	B	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%
	BIIB	F	0.01%
	AME	A	0.01%
	HES	B	0.01%
	FOXA	B	0.01%
	MELI	D	0.01%
	ON	D	0.01%
	TAP	C	0.01%
	BA	F	0.01%
	FE	C	0.01%
	EXR	D	0.01%
	PPG	F	0.01%
	CCI	D	0.01%
	ES	D	0.01%
	CNH	C	0.01%
	PARA	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%
	H	B	0.0%
	FUTU	D	0.0%
	HEI	B	0.0%
	PINS	D	0.0%
	DT	C	0.0%
	DAY	B	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%
	WYNN	D	0.0%
	DXCM	D	0.0%
	MSTR	C	0.0%
	TYL	B	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%
	MTCH	D	0.0%
	LYV	A	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	VRT	B	0.0%
	APP	B	0.0%
	BBWI	D	0.0%
	CSGP	D	0.0%
	AXON	A	0.0%
	CRL	C	0.0%
	BIO	D	0.0%
	UDR	B	0.0%
	ILMN	D	0.0%
	QRVO	F	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 8 Positions Relative to ESG

	Symbol	Grade	Weight
	FLUT	A	-0.23%
	HUBS	A	-0.14%
	NU	C	-0.08%
	XPO	B	-0.07%
	NVT	B	-0.06%
	DOX	D	-0.05%
	LECO	B	-0.03%
	RNR	C	-0.02%

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

ESG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Specialty Retail Banks - Regional - US Capital Markets Discount Stores Drug Manufacturers - Major Medical Devices Packaged Foods Semiconductors Software - Infrastructure Business Services Household & Personal Products Medical Instruments & Supplies Restaurants Utilities - Diversified Asset Management Credit Services Data Storage

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Computing Insurance Natural Gas Electricity Electronics Bank Banking Medicine Semiconductor Work From Home Integrated Circuits Investment Bank Mining Pharmaceutical Products Retailing Insurance Products Plastic