QWLD vs. MODL ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.73

Average Daily Volume

26,985

Number of Holdings ^*

316

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	MODL
30 Days	0.82%	2.91%
60 Days	0.23%	4.12%
90 Days	0.87%	5.95%
12 Months	22.65%	30.78%

309 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in MODL	Overlap
A	D	0.06%	0.13%	0.06%
AAPL	C	2.57%	4.85%	2.57%
ABBV	D	0.34%	1.05%	0.34%
ABBV	D	0.16%	1.05%	0.16%
ABNB	C	0.01%	0.11%	0.01%
ABT	B	0.09%	0.72%	0.09%
ACGL	D	0.26%	0.1%	0.1%
ACN	C	0.65%	0.31%	0.31%
ADBE	C	0.42%	0.42%	0.42%
ADI	D	0.04%	0.14%	0.04%
ADM	D	0.05%	0.1%	0.05%
ADSK	A	0.1%	0.11%	0.1%
AFL	B	0.12%	0.16%	0.12%
AIG	B	0.07%	0.14%	0.07%
AJG	B	0.19%	0.18%	0.18%
AKAM	D	0.11%	0.02%	0.02%
ALGN	D	0.0%	0.06%	0.0%
ALL	A	0.08%	0.15%	0.08%
AMAT	F	0.29%	0.2%	0.2%
AMD	F	0.03%	0.32%	0.03%
AMGN	D	0.16%	0.54%	0.16%
AMP	A	0.09%	0.31%	0.09%
AMZN	C	0.37%	3.64%	0.37%
ANET	C	0.19%	0.13%	0.13%
ANSS	B	0.0%	0.06%	0.0%
AON	A	0.17%	0.23%	0.17%
APH	A	0.43%	0.12%	0.12%
APO	B	0.02%	0.18%	0.02%
APP	B	0.0%	0.12%	0.0%
APTV	D	0.01%	0.03%	0.01%
ARES	A	0.0%	0.18%	0.0%
AVGO	D	0.11%	1.06%	0.11%
AVTR	F	0.01%	0.05%	0.01%
AXP	A	0.06%	0.56%	0.06%
AZO	C	0.28%	0.1%	0.1%
BAC	A	0.39%	1.02%	0.39%
BAX	D	0.01%	0.06%	0.01%
BBY	D	0.06%	0.03%	0.03%
BDX	F	0.07%	0.22%	0.07%
BEN	C	0.01%	0.04%	0.01%
BIIB	F	0.01%	0.08%	0.01%
BK	A	0.05%	0.33%	0.05%
BKNG	A	0.03%	0.32%	0.03%
BLK	C	0.25%	0.9%	0.25%
BMRN	D	0.07%	0.04%	0.04%
BMY	B	0.21%	0.41%	0.21%
BRK.A	B	0.73%	0.65%	0.65%
BRK.A	B	0.73%	1.72%	0.73%
BRO	B	0.14%	0.07%	0.07%
BSX	B	0.02%	0.48%	0.02%
BSY	D	0.01%	0.01%	0.01%
BX	A	0.03%	0.76%	0.03%
C	A	0.25%	0.37%	0.25%
CAH	B	0.13%	0.11%	0.11%
CB	C	0.4%	0.33%	0.33%
CBOE	B	0.24%	0.12%	0.12%
CCL	B	0.01%	0.05%	0.01%
CDNS	B	0.13%	0.15%	0.13%
CDW	F	0.07%	0.03%	0.03%
CFG	B	0.04%	0.06%	0.04%
CHD	B	0.19%	0.1%	0.1%
CHTR	C	0.05%	0.08%	0.05%
CI	F	0.18%	0.32%	0.18%
CINF	A	0.02%	0.07%	0.02%
CL	D	0.2%	0.28%	0.2%
CLX	B	0.01%	0.08%	0.01%
CMCSA	B	0.17%	0.34%	0.17%
CME	A	0.16%	0.48%	0.16%
CMG	B	0.14%	0.15%	0.14%
CNC	D	0.05%	0.11%	0.05%
COF	B	0.1%	0.19%	0.1%
COIN	C	0.01%	0.37%	0.01%
COR	B	0.41%	0.15%	0.15%
COST	B	0.76%	1.6%	0.76%
CPAY	A	0.01%	0.07%	0.01%
CRBG	B	0.01%	0.02%	0.01%
CRM	B	0.06%	0.54%	0.06%
CRWD	B	0.0%	0.16%	0.0%
CSCO	B	1.03%	0.31%	0.31%
CTSH	B	0.2%	0.05%	0.05%
CVS	D	0.16%	0.24%	0.16%
DASH	A	0.01%	0.1%	0.01%
DDOG	A	0.0%	0.07%	0.0%
DECK	A	0.05%	0.05%	0.05%
DELL	C	0.01%	0.05%	0.01%
DFS	B	0.04%	0.12%	0.04%
DG	F	0.01%	0.07%	0.01%
DGX	A	0.11%	0.07%	0.07%
DHI	D	0.1%	0.09%	0.09%
DHR	F	0.05%	0.54%	0.05%
DIS	B	0.1%	0.43%	0.1%
DKNG	B	0.0%	0.04%	0.0%
DLTR	F	0.01%	0.06%	0.01%
DPZ	C	0.06%	0.03%	0.03%
DRI	B	0.03%	0.04%	0.03%
DT	C	0.0%	0.03%	0.0%
DXCM	D	0.0%	0.11%	0.0%
EA	A	0.2%	0.08%	0.08%
EBAY	D	0.01%	0.06%	0.01%
EG	C	0.06%	0.03%	0.03%
EL	F	0.01%	0.06%	0.01%
ELV	F	0.21%	0.33%	0.21%
ENPH	F	0.01%	0.01%	0.01%
ENTG	D	0.0%	0.02%	0.0%
EW	C	0.07%	0.15%	0.07%
EXPE	B	0.01%	0.04%	0.01%
F	C	0.09%	0.08%	0.08%
FCNCA	A	0.11%	0.06%	0.06%
FDS	B	0.03%	0.11%	0.03%
FI	A	0.09%	0.34%	0.09%
FICO	B	0.05%	0.1%	0.05%
FIS	C	0.02%	0.14%	0.02%
FITB	A	0.03%	0.09%	0.03%
FOX	A	0.01%	0.01%	0.01%
FOXA	B	0.01%	0.02%	0.01%
FSLR	F	0.01%	0.03%	0.01%
FTNT	C	0.01%	0.1%	0.01%
GDDY	A	0.25%	0.04%	0.04%
GEHC	F	0.02%	0.13%	0.02%
GEN	B	0.12%	0.02%	0.02%
GILD	C	0.24%	0.42%	0.24%
GIS	D	0.33%	0.12%	0.12%
GLW	B	0.02%	0.05%	0.02%
GM	B	0.19%	0.12%	0.12%
GOOG	C	0.94%	1.97%	0.94%
GOOGL	C	1.07%	2.21%	1.07%
GPC	D	0.05%	0.03%	0.03%
GPN	B	0.02%	0.08%	0.02%
GRMN	B	0.05%	0.06%	0.05%
GS	A	0.17%	1.05%	0.17%
HBAN	A	0.03%	0.07%	0.03%
HCA	F	0.04%	0.23%	0.04%
HD	A	0.15%	0.8%	0.15%
HIG	B	0.03%	0.1%	0.03%
HLT	A	0.01%	0.13%	0.01%
HOLX	D	0.01%	0.06%	0.01%
HPE	B	0.04%	0.04%	0.04%
HPQ	B	0.04%	0.05%	0.04%
HRL	D	0.09%	0.03%	0.03%
HSY	F	0.16%	0.09%	0.09%
HUM	C	0.15%	0.12%	0.12%
IBM	C	0.46%	0.26%	0.26%
ICE	C	0.03%	0.52%	0.03%
IDXX	F	0.07%	0.13%	0.07%
ILMN	D	0.0%	0.08%	0.0%
INCY	C	0.15%	0.05%	0.05%
INTC	D	0.1%	0.15%	0.1%
INTU	C	0.27%	0.35%	0.27%
IOT	A	0.0%	0.0%	0.0%
IPG	D	0.02%	0.02%	0.02%
IQV	D	0.01%	0.12%	0.01%
ISRG	A	0.25%	0.69%	0.25%
IT	C	0.03%	0.05%	0.03%
JBL	B	0.02%	0.02%	0.02%
JKHY	D	0.07%	0.04%	0.04%
JNJ	D	1.1%	1.33%	1.1%
JPM	A	0.6%	1.89%	0.6%
K	A	0.23%	0.08%	0.08%
KDP	D	0.14%	0.11%	0.11%
KEYS	A	0.17%	0.04%	0.04%
KHC	F	0.2%	0.13%	0.13%
KKR	A	0.02%	0.59%	0.02%
KLAC	D	0.14%	0.12%	0.12%
KMB	D	0.11%	0.17%	0.11%
KO	D	0.56%	0.92%	0.56%
KR	B	0.31%	0.14%	0.14%
KVUE	A	0.08%	0.16%	0.08%
L	A	0.17%	0.04%	0.04%
LEN	D	0.09%	0.0%	0.0%
LEN	D	0.09%	0.08%	0.08%
LH	C	0.02%	0.07%	0.02%
LLY	F	1.14%	2.3%	1.14%
LOW	D	0.07%	0.3%	0.07%
LPLA	A	0.05%	0.13%	0.05%
LRCX	F	0.18%	0.13%	0.13%
LULU	C	0.07%	0.06%	0.06%
LVS	C	0.0%	0.04%	0.0%
LW	C	0.0%	0.06%	0.0%
LYV	A	0.0%	0.04%	0.0%
MA	C	0.71%	1.21%	0.71%
MANH	D	0.04%	0.01%	0.01%
MAR	B	0.01%	0.13%	0.01%
MCD	D	0.42%	0.4%	0.4%
MCHP	D	0.06%	0.05%	0.05%
MCK	B	0.58%	0.32%	0.32%
MCO	B	0.13%	0.5%	0.13%
MDLZ	F	0.14%	0.27%	0.14%
MDT	D	0.06%	0.4%	0.06%
MET	A	0.05%	0.14%	0.05%
META	D	2.11%	2.64%	2.11%
MGM	D	0.01%	0.02%	0.01%
MKC	D	0.01%	0.06%	0.01%
MKL	A	0.13%	0.06%	0.06%
MMC	B	0.51%	0.31%	0.31%
MNST	C	0.07%	0.14%	0.07%
MO	A	0.04%	0.33%	0.04%
MOH	F	0.06%	0.06%	0.06%
MPWR	F	0.04%	0.04%	0.04%
MRK	F	0.42%	0.88%	0.42%
MRNA	F	0.01%	0.05%	0.01%
MRVL	B	0.01%	0.11%	0.01%
MS	A	0.12%	0.94%	0.12%
MSCI	C	0.0%	0.26%	0.0%
MSFT	F	2.3%	5.77%	2.3%
MSI	B	0.65%	0.11%	0.11%
MSTR	C	0.0%	0.12%	0.0%
MTB	A	0.05%	0.1%	0.05%
MU	D	0.04%	0.15%	0.04%
NDAQ	A	0.01%	0.15%	0.01%
NET	B	0.0%	0.04%	0.0%
NFLX	A	0.54%	0.77%	0.54%
NKE	D	0.17%	0.17%	0.17%
NOW	A	0.01%	0.37%	0.01%
NTAP	C	0.04%	0.03%	0.03%
NTRS	A	0.02%	0.12%	0.02%
NVDA	C	2.53%	4.61%	2.53%
NVR	D	0.06%	0.05%	0.05%
OKTA	C	0.0%	0.02%	0.0%
OMC	C	0.04%	0.04%	0.04%
ON	D	0.01%	0.04%	0.01%
ORCL	B	0.25%	0.53%	0.25%
ORLY	B	0.24%	0.13%	0.13%
PANW	C	0.18%	0.22%	0.18%
PEP	F	0.77%	0.76%	0.76%
PFE	D	0.18%	0.51%	0.18%
PFG	D	0.02%	0.06%	0.02%
PG	A	0.95%	1.54%	0.95%
PGR	A	0.35%	0.42%	0.35%
PHM	D	0.06%	0.05%	0.05%
PINS	D	0.0%	0.04%	0.0%
PLTR	B	0.0%	0.19%	0.0%
PM	B	0.07%	0.66%	0.07%
PNC	B	0.1%	0.23%	0.1%
PODD	C	0.0%	0.07%	0.0%
POOL	C	0.03%	0.03%	0.03%
PRU	A	0.05%	0.13%	0.05%
PSTG	D	0.0%	0.02%	0.0%
PTC	A	0.08%	0.04%	0.04%
PYPL	B	0.04%	0.24%	0.04%
QCOM	F	0.32%	0.25%	0.25%
RBLX	C	0.0%	0.05%	0.0%
RCL	A	0.01%	0.1%	0.01%
REGN	F	0.31%	0.3%	0.3%
RF	A	0.03%	0.07%	0.03%
RJF	A	0.02%	0.17%	0.02%
RMD	C	0.05%	0.13%	0.05%
ROP	B	0.48%	0.11%	0.11%
ROST	C	0.02%	0.09%	0.02%
RPRX	D	0.01%	0.04%	0.01%
RVTY	F	0.01%	0.05%	0.01%
SBUX	A	0.04%	0.21%	0.04%
SCHW	B	0.04%	0.76%	0.04%
SMCI	F	0.01%	0.02%	0.01%
SNAP	C	0.0%	0.02%	0.0%
SNOW	C	0.0%	0.06%	0.0%
SNPS	B	0.12%	0.15%	0.12%
SPGI	C	0.04%	0.93%	0.04%
SQ	B	0.02%	0.14%	0.02%
STE	F	0.01%	0.07%	0.01%
STT	A	0.03%	0.16%	0.03%
STX	D	0.01%	0.03%	0.01%
STZ	D	0.01%	0.14%	0.01%
SWKS	F	0.03%	0.02%	0.02%
SYF	B	0.04%	0.07%	0.04%
SYK	C	0.03%	0.5%	0.03%
SYY	B	0.03%	0.13%	0.03%
T	A	0.39%	0.34%	0.34%
TDY	B	0.06%	0.03%	0.03%
TER	D	0.02%	0.02%	0.02%
TFC	A	0.09%	0.17%	0.09%
TGT	F	0.15%	0.27%	0.15%
TJX	A	0.35%	0.26%	0.26%
TMO	F	0.06%	0.69%	0.06%
TMUS	B	0.76%	0.24%	0.24%
TRMB	B	0.01%	0.02%	0.01%
TROW	B	0.05%	0.15%	0.05%
TRV	B	0.3%	0.17%	0.17%
TSCO	D	0.06%	0.06%	0.06%
TSLA	B	0.16%	1.86%	0.16%
TSN	B	0.15%	0.06%	0.06%
TTD	B	0.0%	0.11%	0.0%
TTWO	A	0.01%	0.07%	0.01%
TXN	C	0.48%	0.26%	0.26%
TYL	B	0.0%	0.05%	0.0%
ULTA	F	0.06%	0.03%	0.03%
UNH	C	1.35%	1.99%	1.35%
USB	A	0.09%	0.22%	0.09%
V	A	1.21%	1.47%	1.21%
VEEV	C	0.05%	0.12%	0.05%
VRSN	F	0.14%	0.02%	0.02%
VRTX	F	0.43%	0.44%	0.43%
VTRS	A	0.03%	0.06%	0.03%
VZ	C	0.58%	0.37%	0.37%
WAT	B	0.04%	0.08%	0.04%
WBA	F	0.04%	0.02%	0.02%
WBD	C	0.07%	0.05%	0.05%
WDAY	B	0.04%	0.1%	0.04%
WDC	D	0.01%	0.03%	0.01%
WFC	A	0.28%	0.69%	0.28%
WMT	A	0.76%	1.32%	0.76%
WRB	A	0.14%	0.05%	0.05%
WSM	B	0.03%	0.03%	0.03%
WST	C	0.04%	0.08%	0.04%
WTW	B	0.07%	0.09%	0.07%
YUM	B	0.15%	0.07%	0.07%
ZBH	C	0.01%	0.08%	0.01%
ZBRA	B	0.01%	0.03%	0.01%
ZM	B	0.01%	0.03%	0.01%
ZTS	D	0.15%	0.29%	0.15%

QWLD Overweight 303 Positions Relative to MODL

Symbol	Grade	Weight
NVS	D	0.79%
WM	A	0.52%
XOM	B	0.47%
RSG	A	0.46%
SO	D	0.46%
LMT	D	0.42%
DUK	C	0.36%
CAT	B	0.36%
ED	D	0.35%
CVX	A	0.33%
NOC	D	0.32%
GE	D	0.31%
UL	D	0.27%
WCN	A	0.27%
ADP	B	0.26%
UNP	C	0.26%
HON	B	0.26%
HSBH	B	0.25%
MFG	B	0.24%
WEC	A	0.2%
WMB	A	0.19%
GD	F	0.18%
CHKP	D	0.17%
MPC	D	0.17%
FFIV	B	0.16%
TM	D	0.15%
UTHR	C	0.15%
BAH	F	0.15%
TT	A	0.15%
PSX	C	0.14%
CTAS	B	0.14%
MMM	D	0.14%
SHW	A	0.14%
MUFG	B	0.14%
CF	B	0.13%
ITW	B	0.13%
ERIE	D	0.12%
JNPR	F	0.12%
TD	F	0.12%
E	F	0.12%
NBIX	C	0.11%
PCAR	B	0.11%
CSX	B	0.11%
BCS	C	0.11%
DEO	F	0.11%
GWW	B	0.11%
CMI	A	0.1%
COP	C	0.1%
CNI	D	0.1%
PAYX	C	0.1%
SMFG	B	0.1%
XEL	A	0.09%
PSA	D	0.09%
CPB	D	0.09%
FANG	D	0.09%
LYG	F	0.09%
RTX	C	0.09%
AEE	A	0.09%
FAST	B	0.09%
VLO	C	0.08%
AMCR	D	0.08%
ODFL	B	0.08%
CPRT	A	0.08%
ROL	B	0.08%
AIZ	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
HMC	F	0.07%
UPS	C	0.07%
AEP	D	0.07%
SJM	D	0.07%
FDX	B	0.07%
NEE	D	0.06%
TPL	A	0.06%
LNG	B	0.06%
EOG	A	0.06%
D	C	0.06%
LIN	D	0.06%
LOGI	D	0.06%
ROK	B	0.06%
DE	A	0.06%
BLDR	D	0.05%
BTI	B	0.05%
DOV	A	0.05%
VLTO	D	0.05%
DINO	D	0.05%
MT	B	0.05%
CMS	C	0.05%
NEM	D	0.04%
SNA	A	0.04%
SRE	A	0.04%
PKG	A	0.04%
EXPD	D	0.04%
KMI	A	0.04%
HUBB	B	0.04%
CAG	D	0.04%
CTVA	C	0.04%
BR	A	0.04%
NUE	C	0.04%
TRGP	B	0.04%
PLD	D	0.04%
EME	C	0.04%
EIX	B	0.03%
DVN	F	0.03%
AVY	D	0.03%
LYB	F	0.03%
IEX	B	0.03%
GGG	B	0.03%
BG	F	0.03%
ETR	B	0.03%
JBHT	C	0.03%
SW	A	0.03%
NSC	B	0.03%
CBRE	B	0.03%
APD	A	0.03%
LNT	A	0.03%
PNR	A	0.03%
SOLV	C	0.03%
JCI	C	0.03%
ETN	A	0.03%
EMR	A	0.03%
SLB	C	0.03%
OKE	A	0.03%
CSL	C	0.03%
WSO	A	0.03%
EXC	C	0.03%
OC	A	0.03%
PCG	A	0.03%
OXY	D	0.03%
DOW	F	0.03%
ALLY	C	0.02%
EQIX	A	0.02%
KMX	B	0.02%
HAL	C	0.02%
TTC	D	0.02%
NXPI	D	0.02%
MKTX	D	0.02%
NRG	B	0.02%
ACI	C	0.02%
EQT	B	0.02%
WY	D	0.02%
AOS	F	0.02%
RS	B	0.02%
SEIC	B	0.02%
NMR	B	0.02%
CEG	D	0.02%
DTE	C	0.02%
OVV	B	0.02%
SPG	B	0.02%
AER	B	0.02%
MOS	F	0.02%
AFG	A	0.02%
CTRA	B	0.02%
DLR	B	0.02%
WELL	A	0.02%
PAYC	B	0.02%
VICI	C	0.02%
PH	A	0.02%
CARR	D	0.02%
MRO	B	0.02%
NDSN	B	0.02%
URI	B	0.02%
AMT	D	0.02%
PEG	A	0.02%
O	D	0.02%
IP	B	0.02%
DD	D	0.02%
DKS	C	0.02%
BKR	B	0.02%
EPAM	C	0.02%
GEV	B	0.02%
ALLE	D	0.02%
STLD	B	0.02%
FCX	D	0.02%
KEY	B	0.02%
LHX	C	0.02%
APA	D	0.02%
CPT	B	0.01%
WTRG	B	0.01%
CTLT	B	0.01%
VRSK	A	0.01%
SBAC	D	0.01%
MBAVU	D	0.01%
HST	C	0.01%
GLPI	C	0.01%
DVA	B	0.01%
RPM	A	0.01%
HII	D	0.01%
TRU	D	0.01%
NWSA	B	0.01%
SUI	D	0.01%
REG	B	0.01%
BURL	A	0.01%
IRM	D	0.01%
MAS	D	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%
ESS	B	0.01%
CG	A	0.01%
DOC	D	0.01%
AES	F	0.01%
CCEP	C	0.01%
DAL	C	0.01%
ACM	A	0.01%
HWM	A	0.01%
XYL	D	0.01%
BXP	D	0.01%
MAA	B	0.01%
CHRD	D	0.01%
CCK	C	0.01%
AGCO	D	0.01%
ARE	D	0.01%
TDG	D	0.01%
BALL	D	0.01%
SSNC	B	0.01%
FTV	C	0.01%
AWK	D	0.01%
LKQ	D	0.01%
WFG	D	0.01%
IR	B	0.01%
SE	B	0.01%
EMN	D	0.01%
KNX	B	0.01%
LDOS	C	0.01%
VTR	C	0.01%
TXT	D	0.01%
OTIS	C	0.01%
IFF	D	0.01%
VMC	B	0.01%
NI	A	0.01%
KIM	A	0.01%
MLM	B	0.01%
ALB	C	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%
UBER	D	0.01%
CNP	B	0.01%
EVRG	A	0.01%
VST	B	0.01%
SWK	D	0.01%
CHRW	C	0.01%
ATO	A	0.01%
AME	A	0.01%
HES	B	0.01%
WAB	B	0.01%
MELI	D	0.01%
TAP	C	0.01%
BA	F	0.01%
FE	C	0.01%
EXR	D	0.01%
ECL	D	0.01%
PPG	F	0.01%
CCI	D	0.01%
ES	D	0.01%
PPL	B	0.01%
CNH	C	0.01%
PARA	C	0.01%
GLBE	B	0.0%
XRX	F	0.0%
TOST	B	0.0%
H	B	0.0%
FUTU	D	0.0%
HEI	B	0.0%
DAY	B	0.0%
DOCU	A	0.0%
EXAS	D	0.0%
GRAB	B	0.0%
TECH	D	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
LII	A	0.0%
ELS	C	0.0%
HOOD	B	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%
QGEN	D	0.0%
VRT	B	0.0%
BBWI	D	0.0%
CSGP	D	0.0%
AXON	A	0.0%
CRL	C	0.0%
BIO	D	0.0%
TFX	F	0.0%
UDR	B	0.0%
QRVO	F	0.0%
OTEX	D	0.0%
AMH	D	0.0%
UHAL	D	0.0%
FBIN	D	0.0%

QWLD Underweight 8 Positions Relative to MODL

Symbol	Grade	Weight
ALNY	D	-0.11%
MTD	D	-0.09%
HUBS	A	-0.07%
TEAM	A	-0.06%
MDB	C	-0.03%
ZS	C	-0.03%
CELH	F	-0.02%
NTNX	A	-0.01%