QWLD vs. JUST ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

16,662

Number of Holdings ^*

456

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	JUST
30 Days	0.82%	2.45%
60 Days	0.23%	4.36%
90 Days	0.87%	5.67%
12 Months	22.65%	31.80%

351 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in JUST	Overlap
A	D	0.06%	0.09%	0.06%
AAPL	C	2.57%	7.27%	2.57%
ABBV	D	0.16%	0.68%	0.16%
ABBV	D	0.34%	0.68%	0.34%
ABNB	C	0.01%	0.15%	0.01%
ABT	B	0.09%	0.45%	0.09%
ACGL	D	0.26%	0.1%	0.1%
ACM	A	0.01%	0.04%	0.01%
ACN	C	0.65%	0.58%	0.58%
ADBE	C	0.42%	0.49%	0.42%
ADI	D	0.04%	0.23%	0.04%
ADM	D	0.05%	0.07%	0.05%
ADP	B	0.26%	0.32%	0.26%
ADSK	A	0.1%	0.15%	0.1%
AEE	A	0.09%	0.07%	0.07%
AEP	D	0.07%	0.14%	0.07%
AES	F	0.01%	0.02%	0.01%
AFL	B	0.12%	0.18%	0.12%
AGCO	D	0.01%	0.02%	0.01%
AIG	B	0.07%	0.14%	0.07%
AIZ	A	0.08%	0.03%	0.03%
AKAM	D	0.11%	0.03%	0.03%
ALB	C	0.01%	0.03%	0.01%
ALL	A	0.08%	0.15%	0.08%
ALLY	C	0.02%	0.03%	0.02%
AMAT	F	0.29%	0.32%	0.29%
AMD	F	0.03%	0.48%	0.03%
AME	A	0.01%	0.11%	0.01%
AMGN	D	0.16%	0.35%	0.16%
AMP	A	0.09%	0.17%	0.09%
AMT	D	0.02%	0.32%	0.02%
AMZN	C	0.37%	4.59%	0.37%
ANSS	B	0.0%	0.07%	0.0%
AON	A	0.17%	0.22%	0.17%
APA	D	0.02%	0.02%	0.02%
APD	A	0.03%	0.19%	0.03%
APTV	D	0.01%	0.04%	0.01%
AVB	B	0.01%	0.11%	0.01%
AVGO	D	0.11%	1.63%	0.11%
AVTR	F	0.01%	0.03%	0.01%
AWK	D	0.01%	0.08%	0.01%
AXP	A	0.06%	0.42%	0.06%
BA	F	0.01%	0.25%	0.01%
BAC	A	0.39%	0.92%	0.39%
BAH	F	0.15%	0.05%	0.05%
BALL	D	0.01%	0.05%	0.01%
BAX	D	0.01%	0.04%	0.01%
BBWI	D	0.0%	0.02%	0.0%
BBY	D	0.06%	0.05%	0.05%
BDX	F	0.07%	0.15%	0.07%
BG	F	0.03%	0.03%	0.03%
BIIB	F	0.01%	0.05%	0.01%
BK	A	0.05%	0.17%	0.05%
BKNG	A	0.03%	0.47%	0.03%
BKR	B	0.02%	0.11%	0.02%
BLK	C	0.25%	0.44%	0.25%
BMY	B	0.21%	0.26%	0.21%
BR	A	0.04%	0.08%	0.04%
BSX	B	0.02%	0.3%	0.02%
BXP	D	0.01%	0.04%	0.01%
C	A	0.25%	0.38%	0.25%
CAH	B	0.13%	0.07%	0.07%
CARR	D	0.02%	0.16%	0.02%
CAT	B	0.36%	0.48%	0.36%
CBOE	B	0.24%	0.06%	0.06%
CBRE	B	0.03%	0.14%	0.03%
CCI	D	0.01%	0.15%	0.01%
CDNS	B	0.13%	0.18%	0.13%
CE	F	0.01%	0.02%	0.01%
CEG	D	0.02%	0.22%	0.02%
CF	B	0.13%	0.04%	0.04%
CHRW	C	0.01%	0.03%	0.01%
CHTR	C	0.05%	0.08%	0.05%
CI	F	0.18%	0.21%	0.18%
CL	D	0.2%	0.2%	0.2%
CLX	B	0.01%	0.05%	0.01%
CMCSA	B	0.17%	0.37%	0.17%
CME	A	0.16%	0.24%	0.16%
CMG	B	0.14%	0.22%	0.14%
CMI	A	0.1%	0.13%	0.1%
CNC	D	0.05%	0.07%	0.05%
CNH	C	0.01%	0.03%	0.01%
CNP	B	0.01%	0.06%	0.01%
COF	B	0.1%	0.17%	0.1%
COP	C	0.1%	0.31%	0.1%
COR	B	0.41%	0.1%	0.1%
COST	B	0.76%	1.13%	0.76%
CPB	D	0.09%	0.02%	0.02%
CPRT	A	0.08%	0.13%	0.08%
CRM	B	0.06%	0.69%	0.06%
CSCO	B	1.03%	0.52%	0.52%
CSGP	D	0.0%	0.11%	0.0%
CSL	C	0.03%	0.05%	0.03%
CSX	B	0.11%	0.18%	0.11%
CTSH	B	0.2%	0.09%	0.09%
CVS	D	0.16%	0.19%	0.16%
CVX	A	0.33%	0.67%	0.33%
D	C	0.06%	0.14%	0.06%
DAL	C	0.01%	0.11%	0.01%
DAY	B	0.0%	0.03%	0.0%
DD	D	0.02%	0.09%	0.02%
DE	A	0.06%	0.28%	0.06%
DECK	A	0.05%	0.07%	0.05%
DFS	B	0.04%	0.12%	0.04%
DGX	A	0.11%	0.04%	0.04%
DHR	F	0.05%	0.34%	0.05%
DINO	D	0.05%	0.01%	0.01%
DIS	B	0.1%	0.56%	0.1%
DKS	C	0.02%	0.03%	0.02%
DLR	B	0.02%	0.21%	0.02%
DOCU	A	0.0%	0.04%	0.0%
DOW	F	0.03%	0.08%	0.03%
DUK	C	0.36%	0.25%	0.25%
DVA	B	0.01%	0.02%	0.01%
DVN	F	0.03%	0.06%	0.03%
DXCM	D	0.0%	0.07%	0.0%
EA	A	0.2%	0.12%	0.12%
EBAY	D	0.01%	0.08%	0.01%
ECL	D	0.01%	0.16%	0.01%
EIX	B	0.03%	0.09%	0.03%
EL	F	0.01%	0.04%	0.01%
ELV	F	0.21%	0.21%	0.21%
EMN	D	0.01%	0.03%	0.01%
EMR	A	0.03%	0.18%	0.03%
EQH	B	0.01%	0.05%	0.01%
EQIX	A	0.02%	0.3%	0.02%
EQR	B	0.01%	0.1%	0.01%
ES	D	0.01%	0.06%	0.01%
ESS	B	0.01%	0.07%	0.01%
ETN	A	0.03%	0.38%	0.03%
ETR	B	0.03%	0.09%	0.03%
EW	C	0.07%	0.09%	0.07%
EXC	C	0.03%	0.11%	0.03%
EXPE	B	0.01%	0.06%	0.01%
F	C	0.09%	0.11%	0.09%
FBIN	D	0.0%	0.02%	0.0%
FCX	D	0.02%	0.16%	0.02%
FDX	B	0.07%	0.17%	0.07%
FFIV	B	0.16%	0.03%	0.03%
FI	A	0.09%	0.32%	0.09%
FITB	A	0.03%	0.09%	0.03%
FOX	A	0.01%	0.02%	0.01%
FOXA	B	0.01%	0.03%	0.01%
FSLR	F	0.01%	0.05%	0.01%
FTNT	C	0.01%	0.13%	0.01%
FTV	C	0.01%	0.07%	0.01%
GDDY	A	0.25%	0.06%	0.06%
GE	D	0.31%	0.5%	0.31%
GEN	B	0.12%	0.04%	0.04%
GEV	B	0.02%	0.24%	0.02%
GILD	C	0.24%	0.25%	0.24%
GIS	D	0.33%	0.09%	0.09%
GLW	B	0.02%	0.08%	0.02%
GM	B	0.19%	0.17%	0.17%
GOOG	C	0.94%	1.82%	0.94%
GOOGL	C	1.07%	2.16%	1.07%
GRMN	B	0.05%	0.09%	0.05%
GS	A	0.17%	0.55%	0.17%
H	B	0.0%	0.02%	0.0%
HAL	C	0.02%	0.07%	0.02%
HBAN	A	0.03%	0.07%	0.03%
HCA	F	0.04%	0.14%	0.04%
HD	A	0.15%	1.08%	0.15%
HES	B	0.01%	0.1%	0.01%
HIG	B	0.03%	0.1%	0.03%
HLT	A	0.01%	0.17%	0.01%
HOLX	D	0.01%	0.04%	0.01%
HON	B	0.26%	0.38%	0.26%
HPE	B	0.04%	0.06%	0.04%
HPQ	B	0.04%	0.08%	0.04%
HRL	D	0.09%	0.02%	0.02%
HSIC	B	0.01%	0.02%	0.01%
HSY	F	0.16%	0.07%	0.07%
HUM	C	0.15%	0.08%	0.08%
IBM	C	0.46%	0.45%	0.45%
ICE	C	0.03%	0.26%	0.03%
IDXX	F	0.07%	0.08%	0.07%
IEX	B	0.03%	0.04%	0.03%
IFF	D	0.01%	0.06%	0.01%
ILMN	D	0.0%	0.05%	0.0%
INCY	C	0.15%	0.02%	0.02%
INTC	D	0.1%	0.23%	0.1%
INTU	C	0.27%	0.4%	0.27%
IPG	D	0.02%	0.03%	0.02%
IQV	D	0.01%	0.08%	0.01%
IR	B	0.01%	0.11%	0.01%
IRM	D	0.01%	0.12%	0.01%
ISRG	A	0.25%	0.44%	0.25%
IT	C	0.03%	0.09%	0.03%
J	F	0.01%	0.04%	0.01%
JCI	C	0.03%	0.14%	0.03%
JNPR	F	0.12%	0.02%	0.02%
JPM	A	0.6%	2.04%	0.6%
K	A	0.23%	0.06%	0.06%
KDP	D	0.14%	0.09%	0.09%
KEY	B	0.02%	0.05%	0.02%
KEYS	A	0.17%	0.08%	0.08%
KIM	A	0.01%	0.06%	0.01%
KMB	D	0.11%	0.12%	0.11%
KMI	A	0.04%	0.13%	0.04%
KMX	B	0.02%	0.04%	0.02%
KO	D	0.56%	0.63%	0.56%
LDOS	C	0.01%	0.05%	0.01%
LH	C	0.02%	0.05%	0.02%
LHX	C	0.02%	0.12%	0.02%
LII	A	0.0%	0.06%	0.0%
LIN	D	0.06%	0.57%	0.06%
LLY	F	1.14%	1.35%	1.14%
LMT	D	0.42%	0.29%	0.29%
LNG	B	0.06%	0.12%	0.06%
LOW	D	0.07%	0.4%	0.07%
LPLA	A	0.05%	0.07%	0.05%
LRCX	F	0.18%	0.21%	0.18%
LULU	C	0.07%	0.1%	0.07%
LUV	C	0.0%	0.05%	0.0%
LVS	C	0.0%	0.05%	0.0%
LYB	F	0.03%	0.05%	0.03%
MA	C	0.71%	1.09%	0.71%
MAR	B	0.01%	0.17%	0.01%
MAS	D	0.01%	0.04%	0.01%
MCK	B	0.58%	0.21%	0.21%
MCO	B	0.13%	0.22%	0.13%
MDLZ	F	0.14%	0.22%	0.14%
MDT	D	0.06%	0.24%	0.06%
MET	A	0.05%	0.15%	0.05%
MGM	D	0.01%	0.02%	0.01%
MKC	D	0.01%	0.05%	0.01%
MKTX	D	0.02%	0.03%	0.02%
MLM	B	0.01%	0.09%	0.01%
MMC	B	0.51%	0.32%	0.32%
MMM	D	0.14%	0.18%	0.14%
MOS	F	0.02%	0.02%	0.02%
MPC	D	0.17%	0.13%	0.13%
MPWR	F	0.04%	0.06%	0.04%
MRK	F	0.42%	0.57%	0.42%
MRNA	F	0.01%	0.03%	0.01%
MRVL	B	0.01%	0.17%	0.01%
MS	A	0.12%	0.46%	0.12%
MSCI	C	0.0%	0.13%	0.0%
MSFT	F	2.3%	6.72%	2.3%
MTB	A	0.05%	0.1%	0.05%
MTCH	D	0.0%	0.02%	0.0%
MU	D	0.04%	0.25%	0.04%
NDAQ	A	0.01%	0.1%	0.01%
NDSN	B	0.02%	0.04%	0.02%
NEE	D	0.06%	0.44%	0.06%
NEM	D	0.04%	0.13%	0.04%
NET	B	0.0%	0.07%	0.0%
NKE	D	0.17%	0.24%	0.17%
NOC	D	0.32%	0.17%	0.17%
NOW	A	0.01%	0.47%	0.01%
NRG	B	0.02%	0.06%	0.02%
NTAP	C	0.04%	0.06%	0.04%
NVDA	C	2.53%	7.51%	2.53%
NWSA	B	0.01%	0.03%	0.01%
OC	A	0.03%	0.05%	0.03%
OKE	A	0.03%	0.16%	0.03%
OKTA	C	0.0%	0.03%	0.0%
OMC	C	0.04%	0.05%	0.04%
ON	D	0.01%	0.07%	0.01%
OTIS	C	0.01%	0.1%	0.01%
OXY	D	0.03%	0.08%	0.03%
PANW	C	0.18%	0.26%	0.18%
PARA	C	0.01%	0.02%	0.01%
PEG	A	0.02%	0.13%	0.02%
PEP	F	0.77%	0.56%	0.56%
PFE	D	0.18%	0.32%	0.18%
PFG	D	0.02%	0.06%	0.02%
PG	A	0.95%	1.04%	0.95%
PGR	A	0.35%	0.45%	0.35%
PLD	D	0.04%	0.36%	0.04%
PNC	B	0.1%	0.24%	0.1%
PNR	A	0.03%	0.04%	0.03%
PPG	F	0.01%	0.07%	0.01%
PPL	B	0.01%	0.07%	0.01%
PRU	A	0.05%	0.13%	0.05%
PWR	A	0.01%	0.12%	0.01%
PYPL	B	0.04%	0.22%	0.04%
QCOM	F	0.32%	0.38%	0.32%
RCL	A	0.01%	0.15%	0.01%
REGN	F	0.31%	0.17%	0.17%
RF	A	0.03%	0.07%	0.03%
RMD	C	0.05%	0.08%	0.05%
ROK	B	0.06%	0.08%	0.06%
RTX	C	0.09%	0.41%	0.09%
SBAC	D	0.01%	0.08%	0.01%
SBUX	A	0.04%	0.3%	0.04%
SCHW	B	0.04%	0.35%	0.04%
SHW	A	0.14%	0.23%	0.14%
SNPS	B	0.12%	0.18%	0.12%
SOLV	C	0.03%	0.02%	0.02%
SPGI	C	0.04%	0.46%	0.04%
SRE	A	0.04%	0.17%	0.04%
STT	A	0.03%	0.08%	0.03%
SWK	D	0.01%	0.03%	0.01%
SYF	B	0.04%	0.07%	0.04%
SYK	C	0.03%	0.32%	0.03%
SYY	B	0.03%	0.1%	0.03%
T	A	0.39%	0.37%	0.37%
TAP	C	0.01%	0.03%	0.01%
TER	D	0.02%	0.04%	0.02%
TFC	A	0.09%	0.18%	0.09%
TFX	F	0.0%	0.02%	0.0%
TGT	F	0.15%	0.15%	0.15%
TJX	A	0.35%	0.36%	0.35%
TMO	F	0.06%	0.44%	0.06%
TMUS	B	0.76%	0.26%	0.26%
TRU	D	0.01%	0.05%	0.01%
TRV	B	0.3%	0.17%	0.17%
TSCO	D	0.06%	0.08%	0.06%
TSN	B	0.15%	0.05%	0.05%
TT	A	0.15%	0.24%	0.15%
TTWO	A	0.01%	0.08%	0.01%
TW	A	0.0%	0.05%	0.0%
TXN	C	0.48%	0.39%	0.39%
TXT	D	0.01%	0.04%	0.01%
TYL	B	0.0%	0.06%	0.0%
UBER	D	0.01%	0.37%	0.01%
UDR	B	0.0%	0.05%	0.0%
UNH	C	1.35%	1.23%	1.23%
UNP	C	0.26%	0.37%	0.26%
UPS	C	0.07%	0.24%	0.07%
URI	B	0.02%	0.14%	0.02%
USB	A	0.09%	0.23%	0.09%
V	A	1.21%	1.25%	1.21%
VLO	C	0.08%	0.11%	0.08%
VRSK	A	0.01%	0.11%	0.01%
VRTX	F	0.43%	0.26%	0.26%
VST	B	0.01%	0.16%	0.01%
VTR	C	0.01%	0.09%	0.01%
VZ	C	0.58%	0.4%	0.4%
WAB	B	0.01%	0.09%	0.01%
WAT	B	0.04%	0.05%	0.04%
WBA	F	0.04%	0.02%	0.02%
WBD	C	0.07%	0.07%	0.07%
WDAY	B	0.04%	0.12%	0.04%
WDC	D	0.01%	0.05%	0.01%
WM	A	0.52%	0.25%	0.25%
WMB	A	0.19%	0.17%	0.17%
WMT	A	0.76%	1.02%	0.76%
WSM	B	0.03%	0.06%	0.03%
WTW	B	0.07%	0.09%	0.07%
WY	D	0.02%	0.08%	0.02%
XEL	A	0.09%	0.11%	0.09%
XOM	B	0.47%	1.31%	0.47%
XYL	D	0.01%	0.08%	0.01%
Z	A	0.0%	0.04%	0.0%
ZBH	C	0.01%	0.05%	0.01%
ZBRA	B	0.01%	0.05%	0.01%
ZM	B	0.01%	0.05%	0.01%
ZTS	D	0.15%	0.18%	0.15%

QWLD Overweight 259 Positions Relative to JUST

Symbol	Grade	Weight
META	D	2.11%
JNJ	D	1.1%
NVS	D	0.79%
BRK.A	B	0.73%
MSI	B	0.65%
NFLX	A	0.54%
ROP	B	0.48%
RSG	A	0.46%
SO	D	0.46%
APH	A	0.43%
MCD	D	0.42%
CB	C	0.4%
ED	D	0.35%
KR	B	0.31%
WFC	A	0.28%
AZO	C	0.28%
UL	D	0.27%
WCN	A	0.27%
HSBH	B	0.25%
ORCL	B	0.25%
ORLY	B	0.24%
MFG	B	0.24%
KHC	F	0.2%
WEC	A	0.2%
AJG	B	0.19%
ANET	C	0.19%
CHD	B	0.19%
GD	F	0.18%
L	A	0.17%
CHKP	D	0.17%
TSLA	B	0.16%
TM	D	0.15%
YUM	B	0.15%
UTHR	C	0.15%
PSX	C	0.14%
VRSN	F	0.14%
BRO	B	0.14%
CTAS	B	0.14%
MUFG	B	0.14%
WRB	A	0.14%
KLAC	D	0.14%
MKL	A	0.13%
ITW	B	0.13%
ERIE	D	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
PCAR	B	0.11%
BCS	C	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
GWW	B	0.11%
CNI	D	0.1%
PAYX	C	0.1%
SMFG	B	0.1%
DHI	D	0.1%
PSA	D	0.09%
LEN	D	0.09%
FANG	D	0.09%
LYG	F	0.09%
FAST	B	0.09%
AMCR	D	0.08%
ODFL	B	0.08%
PTC	A	0.08%
ROL	B	0.08%
KVUE	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
JKHY	D	0.07%
MNST	C	0.07%
HMC	F	0.07%
SJM	D	0.07%
BMRN	D	0.07%
PM	B	0.07%
CDW	F	0.07%
TPL	A	0.06%
MCHP	D	0.06%
TDY	B	0.06%
EOG	A	0.06%
EG	C	0.06%
MOH	F	0.06%
LOGI	D	0.06%
DPZ	C	0.06%
PHM	D	0.06%
ULTA	F	0.06%
NVR	D	0.06%
BLDR	D	0.05%
VEEV	C	0.05%
BTI	B	0.05%
DOV	A	0.05%
VLTO	D	0.05%
FICO	B	0.05%
MT	B	0.05%
CMS	C	0.05%
GPC	D	0.05%
TROW	B	0.05%
WST	C	0.04%
SNA	A	0.04%
MANH	D	0.04%
PKG	A	0.04%
EXPD	D	0.04%
CFG	B	0.04%
HUBB	B	0.04%
CAG	D	0.04%
MO	A	0.04%
CTVA	C	0.04%
NUE	C	0.04%
TRGP	B	0.04%
EME	C	0.04%
AVY	D	0.03%
SWKS	F	0.03%
GGG	B	0.03%
BX	A	0.03%
FDS	B	0.03%
POOL	C	0.03%
JBHT	C	0.03%
SW	A	0.03%
NSC	B	0.03%
LNT	A	0.03%
VTRS	A	0.03%
SLB	C	0.03%
WSO	A	0.03%
PCG	A	0.03%
DRI	B	0.03%
TTC	D	0.02%
NXPI	D	0.02%
ACI	C	0.02%
EQT	B	0.02%
SQ	B	0.02%
AOS	F	0.02%
GEHC	F	0.02%
APO	B	0.02%
RS	B	0.02%
SEIC	B	0.02%
JBL	B	0.02%
NMR	B	0.02%
NTRS	A	0.02%
ROST	C	0.02%
DTE	C	0.02%
OVV	B	0.02%
SPG	B	0.02%
AER	B	0.02%
CINF	A	0.02%
FIS	C	0.02%
RJF	A	0.02%
AFG	A	0.02%
CTRA	B	0.02%
WELL	A	0.02%
PAYC	B	0.02%
VICI	C	0.02%
PH	A	0.02%
MRO	B	0.02%
GPN	B	0.02%
O	D	0.02%
IP	B	0.02%
EPAM	C	0.02%
KKR	A	0.02%
ALLE	D	0.02%
STLD	B	0.02%
DASH	A	0.01%
CPT	B	0.01%
WTRG	B	0.01%
CTLT	B	0.01%
RPRX	D	0.01%
MBAVU	D	0.01%
HST	C	0.01%
GLPI	C	0.01%
RPM	A	0.01%
HII	D	0.01%
TRMB	B	0.01%
STE	F	0.01%
SUI	D	0.01%
REG	B	0.01%
BURL	A	0.01%
CCL	B	0.01%
WPC	D	0.01%
STX	D	0.01%
INVH	D	0.01%
EFX	F	0.01%
TWLO	A	0.01%
RVTY	F	0.01%
BEN	C	0.01%
CG	A	0.01%
COIN	C	0.01%
DOC	D	0.01%
CCEP	C	0.01%
HWM	A	0.01%
MAA	B	0.01%
CHRD	D	0.01%
CCK	C	0.01%
STZ	D	0.01%
ARE	D	0.01%
TDG	D	0.01%
SSNC	B	0.01%
DLTR	F	0.01%
CPAY	A	0.01%
LKQ	D	0.01%
WFG	D	0.01%
SE	B	0.01%
KNX	B	0.01%
VMC	B	0.01%
BSY	D	0.01%
NI	A	0.01%
UHS	D	0.01%
FNF	B	0.01%
CRBG	B	0.01%
DELL	C	0.01%
EVRG	A	0.01%
ATO	A	0.01%
DG	F	0.01%
MELI	D	0.01%
FE	C	0.01%
EXR	D	0.01%
SMCI	F	0.01%
ENPH	F	0.01%
GLBE	B	0.0%
IOT	A	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%
PSTG	D	0.0%
FUTU	D	0.0%
HEI	B	0.0%
PINS	D	0.0%
DT	C	0.0%
SNOW	C	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%
CRWD	B	0.0%
MSTR	C	0.0%
TTD	B	0.0%
ELS	C	0.0%
HOOD	B	0.0%
ENTG	D	0.0%
HEI	B	0.0%
RIVN	F	0.0%
WLK	D	0.0%
LYV	A	0.0%
QGEN	D	0.0%
LW	C	0.0%
VRT	B	0.0%
APP	B	0.0%
AXON	A	0.0%
CRL	C	0.0%
BIO	D	0.0%
QRVO	F	0.0%
OTEX	D	0.0%
AMH	D	0.0%
ALGN	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%

QWLD Underweight 106 Positions Relative to JUST

Symbol	Grade	Weight
UAL	A	-0.08%
ALNY	D	-0.07%
MDB	C	-0.05%
TPR	B	-0.04%
AFRM	B	-0.04%
GWRE	A	-0.04%
USFD	A	-0.04%
NTNX	A	-0.04%
ZS	C	-0.04%
JLL	D	-0.04%
UNM	A	-0.04%
RGA	A	-0.04%
SOFI	A	-0.04%
AAL	B	-0.03%
PNFP	B	-0.03%
INGR	B	-0.03%
ARMK	B	-0.03%
CMA	A	-0.03%
AYI	B	-0.03%
ATR	B	-0.03%
BLD	D	-0.03%
PNW	B	-0.03%
AA	B	-0.03%
NCLH	B	-0.03%
OWL	A	-0.03%
FHN	A	-0.03%
ITT	A	-0.03%
NVT	B	-0.03%
SCI	B	-0.03%
CLF	F	-0.02%
LEA	D	-0.02%
SMAR	A	-0.02%
SLM	A	-0.02%
DBX	B	-0.02%
ESTC	C	-0.02%
WHR	B	-0.02%
THG	A	-0.02%
RGEN	D	-0.02%
SITE	D	-0.02%
LNC	B	-0.02%
PVH	C	-0.02%
AZEK	A	-0.02%
ETSY	D	-0.02%
FCN	D	-0.02%
AWI	A	-0.02%
ALK	C	-0.02%
VFC	C	-0.02%
OSK	B	-0.02%
KBR	F	-0.02%
COLB	A	-0.02%
LPX	B	-0.02%
IVZ	B	-0.02%
FMC	D	-0.02%
AXS	A	-0.02%
MTG	C	-0.02%
RRC	B	-0.02%
HRB	D	-0.02%
BERY	B	-0.02%
BWA	D	-0.02%
WH	B	-0.02%
HAS	D	-0.02%
GPK	C	-0.02%
CIEN	B	-0.02%
VOYA	B	-0.02%
SNV	B	-0.02%
EXEL	B	-0.02%
CAR	C	-0.01%
PINC	B	-0.01%
DV	C	-0.01%
TDC	D	-0.01%
RARE	D	-0.01%
NVST	B	-0.01%
AGR	B	-0.01%
PEGA	A	-0.01%
PENN	C	-0.01%
SPR	D	-0.01%
OGN	D	-0.01%
PAG	B	-0.01%
XRAY	F	-0.01%
YETI	C	-0.01%
BHF	B	-0.01%
W	F	-0.01%
PII	D	-0.01%
MDU	D	-0.01%
NWS	B	-0.01%
WU	D	-0.01%
TNL	A	-0.01%
M	D	-0.01%
INSP	D	-0.01%
GAP	C	-0.01%
HOG	D	-0.01%
ST	F	-0.01%
TKR	D	-0.01%
SON	D	-0.01%
CHH	A	-0.01%
LITE	B	-0.01%
CRUS	D	-0.01%
GTLB	B	-0.01%
LOPE	B	-0.01%
AGO	B	-0.01%
ZG	A	-0.01%
VNT	B	-0.01%
QS	F	-0.0%
SNDR	B	-0.0%
RKT	F	-0.0%
KSS	F	-0.0%