QWLD vs. PABU ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to iShares Paris-Aligned Climate MSCI USA ETF (PABU)

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

$120.82

Average Daily Volume

5,224

Number of Holdings ^*

611

* may have additional holdings in another (foreign) market

PABU

iShares Paris-Aligned Climate MSCI USA ETF

PABU Description

iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Benchmark Extended Select Index, by using representative sampling technique. It does not invest in stocks of companies operating across tobacco, controversial or nuclear weapons, producers and retailers of civilian firearms, thermal coal mining or sales, a wide range of oil- and gas-related activities, certain types of power generation and the extraction of oil sands sectors. iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$59.39

Average Daily Volume

11,865

Number of Holdings ^*

237

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	PABU
30 Days	1.03%	3.37%
60 Days	4.47%	8.66%
90 Days	1.77%	4.58%
12 Months	20.42%	26.19%

230 Overlapping Holdings

	Symbol	Grade	Weight in QWLD	Weight in PABU	Overlap
	AAPL	B	2.54%	7.0%	2.54%
	ABBV	B	0.17%	0.64%	0.17%
	ABBV	B	0.37%	0.64%	0.37%
	ABNB	C	0.01%	0.19%	0.01%
	ACGL	A	0.26%	0.28%	0.26%
	ACM	C	0.01%	0.47%	0.01%
	ACN	C	0.55%	0.35%	0.35%
	ADBE	C	0.45%	0.61%	0.45%
	ADI	B	0.04%	0.74%	0.04%
	ADP	B	0.22%	0.27%	0.22%
	ADSK	B	0.08%	0.16%	0.08%
	AFG	D	0.02%	0.2%	0.02%
	AFL	A	0.1%	0.51%	0.1%
	AJG	B	0.17%	0.11%	0.11%
	ALGN	F	0.01%	0.04%	0.01%
	ALL	C	0.06%	0.14%	0.06%
	ALLE	D	0.02%	0.07%	0.02%
	AMD	B	0.04%	0.72%	0.04%
	AME	D	0.01%	0.39%	0.01%
	AMGN	B	0.18%	0.24%	0.18%
	AMP	A	0.08%	0.04%	0.04%
	AMT	C	0.02%	0.24%	0.02%
	AMZN	B	0.34%	3.62%	0.34%
	ANET	B	0.18%	0.15%	0.15%
	ANSS	D	0.01%	0.06%	0.01%
	AON	C	0.14%	0.07%	0.07%
	APH	B	0.44%	0.16%	0.16%
	ARE	C	0.01%	0.58%	0.01%
	AVB	A	0.01%	0.48%	0.01%
	AVGO	C	0.13%	2.01%	0.13%
	AVTR	D	0.01%	0.01%	0.01%
	AWK	C	0.01%	0.82%	0.01%
	AXON	D	0.0%	0.26%	0.0%
	AXP	C	0.05%	0.35%	0.05%
	BAH	B	0.16%	0.06%	0.06%
	BDX	D	0.08%	0.12%	0.08%
	BIIB	C	0.02%	0.09%	0.02%
	BIO	D	0.0%	0.03%	0.0%
	BK	B	0.04%	0.19%	0.04%
	BKNG	A	0.02%	0.03%	0.02%
	BLK	B	0.2%	0.43%	0.2%
	BMRN	C	0.1%	0.07%	0.07%
	BMY	D	0.16%	0.3%	0.16%
	BRK.A	B	0.66%	0.52%	0.52%
	BRO	B	0.12%	0.19%	0.12%
	BSX	A	0.02%	0.31%	0.02%
	BXP	B	0.01%	0.38%	0.01%
	CB	B	0.38%	0.39%	0.38%
	CCI	D	0.01%	0.03%	0.01%
	CDW	D	0.1%	0.24%	0.1%
	CHD	C	0.2%	0.15%	0.15%
	CHTR	C	0.04%	0.1%	0.04%
	CINF	C	0.01%	0.12%	0.01%
	CMCSA	D	0.15%	0.22%	0.15%
	CME	D	0.15%	0.3%	0.15%
	CMG	B	0.15%	0.16%	0.15%
	COIN	C	0.01%	0.02%	0.01%
	CPAY	D	0.01%	0.07%	0.01%
	CPRT	C	0.08%	0.15%	0.08%
	CRM	D	0.04%	0.61%	0.04%
	CSCO	C	0.85%	0.67%	0.67%
	CSGP	F	0.0%	0.15%	0.0%
	CTAS	A	0.12%	0.3%	0.12%
	CTLT	B	0.01%	0.04%	0.01%
	DFS	B	0.03%	0.09%	0.03%
	DGX	B	0.1%	0.02%	0.02%
	DHR	C	0.06%	0.39%	0.06%
	DIS	C	0.09%	0.39%	0.09%
	DLR	B	0.02%	1.51%	0.02%
	DOC	B	0.01%	0.31%	0.01%
	DXCM	D	0.0%	0.12%	0.0%
	EBAY	B	0.01%	0.16%	0.01%
	EFX	C	0.01%	0.1%	0.01%
	EIX	D	0.02%	1.17%	0.02%
	EL	F	0.01%	0.03%	0.01%
	ELV	B	0.28%	0.33%	0.28%
	ENPH	D	0.03%	0.48%	0.03%
	EQIX	D	0.01%	0.79%	0.01%
	EQR	A	0.01%	0.11%	0.01%
	ERIE	C	0.11%	0.09%	0.09%
	ESS	B	0.01%	0.12%	0.01%
	ETSY	F	0.0%	0.05%	0.0%
	EW	B	0.09%	0.5%	0.09%
	EXAS	F	0.0%	0.01%	0.0%
	EXR	B	0.01%	0.1%	0.01%
	FAST	D	0.08%	0.21%	0.08%
	FDS	D	0.02%	0.09%	0.02%
	FFIV	D	0.12%	0.27%	0.12%
	FIS	B	0.02%	0.05%	0.02%
	FOX	A	0.0%	0.03%	0.0%
	FOXA	A	0.01%	0.02%	0.01%
	FSLR	C	0.01%	0.98%	0.01%
	FTNT	F	0.0%	0.1%	0.0%
	FTV	D	0.01%	0.25%	0.01%
	GGG	D	0.02%	0.24%	0.02%
	GOOG	A	0.99%	2.67%	0.99%
	GOOGL	A	1.12%	1.18%	1.12%
	GPN	F	0.02%	0.06%	0.02%
	GRMN	B	0.04%	0.21%	0.04%
	HD	C	0.13%	0.71%	0.13%
	HIG	A	0.03%	0.17%	0.03%
	HLT	A	0.01%	0.09%	0.01%
	HOLX	D	0.01%	0.08%	0.01%
	HSY	D	0.17%	0.06%	0.06%
	IBM	B	0.4%	1.04%	0.4%
	ICE	A	0.03%	0.26%	0.03%
	IDXX	D	0.09%	0.47%	0.09%
	IEX	D	0.02%	0.36%	0.02%
	ILMN	D	0.0%	0.07%	0.0%
	INTC	F	0.13%	0.4%	0.13%
	INTU	C	0.24%	0.56%	0.24%
	IQV	D	0.01%	0.05%	0.01%
	IR	C	0.01%	0.17%	0.01%
	ISRG	A	0.22%	0.33%	0.22%
	IT	B	0.03%	0.02%	0.02%
	JKHY	C	0.06%	0.01%	0.01%
	JNJ	F	1.08%	0.93%	0.93%
	JNPR	B	0.12%	0.29%	0.12%
	JPM	B	0.51%	1.19%	0.51%
	KDP	A	0.16%	0.09%	0.09%
	KEYS	D	0.16%	0.14%	0.14%
	KKR	B	0.02%	0.13%	0.02%
	KLAC	B	0.21%	0.27%	0.21%
	LLY	A	1.42%	2.12%	1.42%
	LULU	F	0.07%	0.15%	0.07%
	MA	C	0.64%	0.88%	0.64%
	MAR	B	0.01%	0.08%	0.01%
	MCD	D	0.37%	1.03%	0.37%
	MCO	A	0.12%	0.45%	0.12%
	MDT	D	0.06%	0.17%	0.06%
	MET	C	0.04%	0.15%	0.04%
	META	B	1.97%	2.38%	1.97%
	MKL	C	0.11%	0.17%	0.11%
	MKTX	F	0.01%	0.04%	0.01%
	MMC	B	0.51%	0.34%	0.34%
	MNST	D	0.06%	0.23%	0.06%
	MRK	A	0.59%	0.99%	0.59%
	MRVL	C	0.01%	0.33%	0.01%
	MSFT	A	2.56%	7.7%	2.56%
	MSI	A	0.53%	0.44%	0.44%
	MTB	C	0.03%	0.07%	0.03%
	MTCH	F	0.0%	0.02%	0.0%
	NBIX	C	0.13%	0.05%	0.05%
	NDAQ	C	0.01%	0.1%	0.01%
	NFLX	B	0.47%	0.7%	0.47%
	NKE	C	0.22%	0.1%	0.1%
	NOW	B	0.01%	0.89%	0.01%
	NTRS	D	0.01%	0.08%	0.01%
	NVDA	C	2.5%	7.85%	2.5%
	O	D	0.02%	0.26%	0.02%
	ODFL	D	0.07%	0.18%	0.07%
	OKTA	C	0.0%	0.02%	0.0%
	ORCL	B	0.21%	0.67%	0.21%
	PANW	B	0.16%	0.23%	0.16%
	PAYC	F	0.01%	0.01%	0.01%
	PAYX	B	0.09%	0.23%	0.09%
	PFE	C	0.2%	0.43%	0.2%
	PGR	C	0.3%	0.33%	0.3%
	PINS	A	0.0%	0.03%	0.0%
	PLD	C	0.04%	0.81%	0.04%
	PNR	D	0.02%	0.16%	0.02%
	PODD	B	0.0%	0.04%	0.0%
	POOL	F	0.03%	0.02%	0.02%
	PSA	B	0.08%	0.24%	0.08%
	PYPL	D	0.03%	0.13%	0.03%
	QCOM	C	0.48%	0.48%	0.48%
	REG	B	0.01%	0.1%	0.01%
	REGN	A	0.44%	0.29%	0.29%
	RGEN	F	0.0%	0.06%	0.0%
	RIVN	C	0.0%	0.33%	0.0%
	RJF	C	0.01%	0.02%	0.01%
	RMD	D	0.05%	0.12%	0.05%
	ROK	D	0.06%	0.16%	0.06%
	ROL	A	0.08%	0.18%	0.08%
	ROP	A	0.51%	0.17%	0.17%
	ROST	A	0.02%	0.17%	0.02%
	RPRX	D	0.01%	0.29%	0.01%
	SBUX	F	0.03%	0.26%	0.03%
	SCHW	C	0.04%	0.42%	0.04%
	SEIC	C	0.01%	0.1%	0.01%
	SHW	D	0.11%	1.27%	0.11%
	SNAP	B	0.0%	0.02%	0.0%
	SNOW	F	0.0%	0.02%	0.0%
	SPG	B	0.02%	0.14%	0.02%
	SPGI	B	0.03%	0.74%	0.03%
	SSNC	B	0.01%	0.01%	0.01%
	STZ	B	0.01%	0.03%	0.01%
	SYK	B	0.03%	0.34%	0.03%
	TECH	C	0.0%	0.24%	0.0%
	TEL	B	0.09%	0.05%	0.05%
	TFX	D	0.0%	0.04%	0.0%
	TJX	A	0.33%	0.31%	0.31%
	TMO	D	0.07%	0.63%	0.07%
	TRMB	D	0.01%	0.12%	0.01%
	TROW	B	0.05%	0.11%	0.05%
	TSLA	C	0.1%	1.78%	0.1%
	TTD	A	0.0%	0.07%	0.0%
	TTWO	B	0.01%	0.02%	0.01%
	TW	D	0.0%	0.02%	0.0%
	TXN	B	0.49%	0.68%	0.49%
	TYL	B	0.0%	0.04%	0.0%
	UBER	B	0.01%	0.14%	0.01%
	ULTA	D	0.07%	0.08%	0.07%
	UNH	D	1.14%	1.0%	1.0%
	UNP	D	0.26%	0.22%	0.22%
	URI	C	0.02%	0.02%	0.02%
	USB	C	0.08%	0.07%	0.07%
	V	C	1.11%	1.59%	1.11%
	VEEV	D	0.04%	0.07%	0.04%
	VICI	D	0.02%	0.4%	0.02%
	VLTO	B	0.05%	0.19%	0.05%
	VRSK	A	0.01%	0.15%	0.01%
	VRSN	C	0.14%	0.09%	0.09%
	VRTX	B	0.45%	0.3%	0.3%
	VTR	A	0.01%	0.03%	0.01%
	WAB	D	0.01%	0.03%	0.01%
	WAT	D	0.03%	0.03%	0.03%
	WDAY	D	0.04%	0.07%	0.04%
	WELL	B	0.02%	0.18%	0.02%
	WFC	D	0.23%	0.18%	0.18%
	WPC	D	0.01%	0.03%	0.01%
	WST	F	0.04%	0.21%	0.04%
	WTW	B	0.06%	0.13%	0.06%
	WYNN	D	0.0%	0.02%	0.0%
	XYL	C	0.01%	1.39%	0.01%
	YUM	D	0.16%	0.19%	0.16%
	Z	C	0.0%	0.01%	0.0%
	ZBH	D	0.01%	0.08%	0.01%
	ZM	F	0.01%	0.03%	0.01%
	ZTS	C	0.15%	0.68%	0.15%

QWLD Overweight 381 Positions Relative to PABU

	Symbol	Grade	Weight
	PG	A	0.98%
	NVS	A	0.84%
	PEP	C	0.84%
	COST	B	0.76%
	WMT	B	0.64%
	MCK	A	0.59%
	TMUS	B	0.59%
	KO	A	0.59%
	VZ	B	0.58%
	WM	B	0.52%
	XOM	C	0.45%
	RSG	A	0.44%
	AMAT	B	0.44%
	SO	B	0.42%
	LMT	A	0.37%
	BAC	B	0.35%
	GIS	C	0.35%
	ED	D	0.34%
	DUK	C	0.33%
	CAT	C	0.32%
	T	A	0.32%
	CVX	C	0.32%
	GE	D	0.3%
	NOC	F	0.29%
	KR	D	0.29%
	LRCX	B	0.29%
	AZO	B	0.28%
	WCN	A	0.27%
	UL	A	0.27%
	TRV	D	0.25%
	HON	A	0.25%
	C	C	0.23%
	ORLY	B	0.22%
	CBOE	D	0.21%
	CL	A	0.21%
	KHC	D	0.21%
	MFG	C	0.2%
	MPC	C	0.2%
	HUM	C	0.2%
	CVS	D	0.19%
	GD	B	0.19%
	GDDY	A	0.19%
	CI	C	0.19%
	GILD	C	0.18%
	CTSH	C	0.18%
	TM	D	0.17%
	WEC	D	0.17%
	K	D	0.17%
	EA	B	0.17%
	CDNS	B	0.16%
	L	C	0.16%
	GM	B	0.16%
	CHKP	B	0.16%
	SNPS	B	0.15%
	WMB	A	0.15%
	PSX	C	0.15%
	MDLZ	D	0.15%
	GS	B	0.14%
	TGT	C	0.14%
	ITW	D	0.13%
	UTHR	A	0.13%
	E	D	0.13%
	DEO	F	0.13%
	STLA	F	0.13%
	TSN	C	0.13%
	WRB	B	0.13%
	TT	B	0.13%
	CF	D	0.12%
	AKAM	F	0.12%
	CAH	B	0.12%
	TD	F	0.12%
	KMB	B	0.12%
	MUFG	C	0.12%
	INCY	B	0.12%
	CSX	D	0.11%
	PCAR	D	0.11%
	CNI	D	0.11%
	MMM	B	0.11%
	FANG	C	0.1%
	SMFG	B	0.1%
	HRL	F	0.1%
	COP	D	0.1%
	F	C	0.1%
	MCHP	D	0.09%
	ABT	C	0.09%
	LYG	B	0.09%
	MS	B	0.09%
	GWW	D	0.09%
	DHI	D	0.09%
	CPB	D	0.09%
	BCS	C	0.09%
	DPZ	B	0.08%
	SJM	F	0.08%
	COF	D	0.08%
	FCNCA	D	0.08%
	AMCR	B	0.08%
	CMI	C	0.08%
	LOGI	B	0.08%
	LEN	D	0.08%
	RTX	C	0.08%
	HMC	D	0.08%
	VLO	C	0.08%
	AEP	D	0.07%
	KVUE	D	0.07%
	LOW	D	0.07%
	A	C	0.07%
	XEL	D	0.07%
	AIG	C	0.07%
	UPS	F	0.07%
	AEE	D	0.07%
	TFC	C	0.07%
	WBA	F	0.07%
	PTC	C	0.07%
	PNC	D	0.07%
	SMCI	C	0.07%
	SONY	D	0.07%
	PHM	D	0.06%
	CNC	D	0.06%
	PM	A	0.06%
	TSCO	C	0.06%
	BBY	B	0.06%
	LIN	B	0.06%
	GPC	D	0.06%
	DE	D	0.06%
	FDX	C	0.06%
	DINO	D	0.06%
	EG	B	0.06%
	MU	C	0.06%
	MPWR	B	0.06%
	AIZ	D	0.06%
	MOH	F	0.06%
	DOW	D	0.05%
	NUE	F	0.05%
	MT	D	0.05%
	TDY	D	0.05%
	NTAP	B	0.05%
	DECK	C	0.05%
	WBD	F	0.05%
	D	D	0.05%
	NEE	B	0.05%
	EOG	C	0.05%
	ADM	F	0.05%
	HUBB	D	0.04%
	EME	B	0.04%
	NEM	B	0.04%
	HCA	A	0.04%
	BR	B	0.04%
	TER	B	0.04%
	HPE	B	0.04%
	EXPD	B	0.04%
	BLDR	F	0.04%
	OMC	D	0.04%
	CTVA	C	0.04%
	NVR	C	0.04%
	BTI	A	0.04%
	DOV	B	0.04%
	LPLA	B	0.04%
	HPQ	B	0.04%
	OXY	C	0.04%
	PRU	A	0.04%
	LNG	B	0.04%
	WSM	C	0.04%
	CMS	D	0.04%
	CAG	C	0.04%
	APD	C	0.03%
	RF	C	0.03%
	EMR	D	0.03%
	SYF	B	0.03%
	STT	C	0.03%
	SYY	C	0.03%
	FITB	C	0.03%
	ETN	D	0.03%
	WSO	B	0.03%
	DKS	B	0.03%
	FCX	C	0.03%
	KMI	A	0.03%
	TRGP	A	0.03%
	SNA	D	0.03%
	MRNA	C	0.03%
	PKG	B	0.03%
	PCG	C	0.03%
	CFG	C	0.03%
	EXC	D	0.03%
	OC	C	0.03%
	AVY	B	0.03%
	FICO	A	0.03%
	CSL	B	0.03%
	SRE	B	0.03%
	DVN	C	0.03%
	BG	B	0.03%
	LYB	C	0.03%
	SLB	C	0.03%
	APA	D	0.03%
	DRI	C	0.03%
	TPL	B	0.03%
	MO	A	0.03%
	MANH	B	0.03%
	SWKS	B	0.03%
	CNH	F	0.02%
	ON	D	0.02%
	WRK	D	0.02%
	WY	F	0.02%
	PH	D	0.02%
	PPG	D	0.02%
	APTV	F	0.02%
	CLF	F	0.02%
	DLTR	F	0.02%
	GEHC	C	0.02%
	EPAM	D	0.02%
	LSCC	F	0.02%
	NMR	C	0.02%
	DTE	D	0.02%
	JBL	F	0.02%
	ACI	F	0.02%
	ALLY	B	0.02%
	BA	D	0.02%
	CEG	B	0.02%
	HAL	D	0.02%
	KEY	C	0.02%
	BKR	B	0.02%
	AER	A	0.02%
	PFG	C	0.02%
	CHK	D	0.02%
	IP	A	0.02%
	CARR	B	0.02%
	GLW	A	0.02%
	BX	B	0.02%
	PEG	B	0.02%
	TTC	C	0.02%
	AOS	D	0.02%
	CBRE	C	0.02%
	OVV	D	0.02%
	ETR	D	0.02%
	MOS	D	0.02%
	NDSN	D	0.02%
	NXPI	B	0.02%
	MRO	B	0.02%
	CTRA	C	0.02%
	DG	D	0.02%
	STLD	D	0.02%
	LHX	A	0.02%
	DD	B	0.02%
	HBAN	C	0.02%
	OKE	B	0.02%
	LNT	C	0.02%
	VTRS	D	0.02%
	SOLV	F	0.02%
	JBHT	F	0.02%
	IPG	F	0.02%
	NSC	D	0.02%
	JCI	B	0.02%
	SBAC	F	0.01%
	RPM	C	0.01%
	WTRG	C	0.01%
	GLPI	C	0.01%
	IRM	A	0.01%
	DVA	B	0.01%
	BBWI	D	0.01%
	CLX	D	0.01%
	BURL	A	0.01%
	MGM	B	0.01%
	HWM	B	0.01%
	CG	D	0.01%
	HST	D	0.01%
	SUI	C	0.01%
	DAL	D	0.01%
	NWSA	A	0.01%
	MAS	D	0.01%
	STE	D	0.01%
	MKC	D	0.01%
	CZR	C	0.01%
	CCK	D	0.01%
	MAA	B	0.01%
	HSIC	D	0.01%
	CCEP	A	0.01%
	EXPE	B	0.01%
	HII	C	0.01%
	INVH	A	0.01%
	BEN	D	0.01%
	VST	B	0.01%
	STX	B	0.01%
	QRVO	B	0.01%
	KIM	B	0.01%
	WFG	D	0.01%
	NI	B	0.01%
	PCTY	F	0.01%
	KNX	C	0.01%
	LDOS	A	0.01%
	BALL	D	0.01%
	EQH	A	0.01%
	FNF	D	0.01%
	EMN	C	0.01%
	AGCO	F	0.01%
	CHRW	B	0.01%
	VMC	D	0.01%
	TDG	B	0.01%
	MLM	D	0.01%
	ATO	B	0.01%
	OTIS	C	0.01%
	LKQ	F	0.01%
	PWR	B	0.01%
	TXT	D	0.01%
	AES	D	0.01%
	EVRG	D	0.01%
	UHS	B	0.01%
	ALB	F	0.01%
	TAP	F	0.01%
	CHRD	C	0.01%
	J	D	0.01%
	APO	A	0.01%
	SQ	D	0.01%
	IFF	B	0.01%
	CRBG	B	0.01%
	BSY	D	0.01%
	PPL	C	0.01%
	CNP	B	0.01%
	SWK	D	0.01%
	FE	D	0.01%
	HES	C	0.01%
	WDC	B	0.01%
	RS	D	0.01%
	GEV	B	0.01%
	PARA	F	0.01%
	EQT	D	0.01%
	ECL	A	0.01%
	CE	D	0.01%
	NRG	B	0.01%
	ES	D	0.01%
	BAX	D	0.01%
	KMX	C	0.01%
	DELL	B	0.01%
	CFLT	F	0.0%
	IOT	D	0.0%
	GLBE	C	0.0%
	PATH	D	0.0%
	RBLX	C	0.0%
	TOST	C	0.0%
	NET	C	0.0%
	XRX	F	0.0%
	DDOG	C	0.0%
	U	F	0.0%
	DKNG	D	0.0%
	FUTU	C	0.0%
	DAY	F	0.0%
	H	B	0.0%
	DOCU	D	0.0%
	HEI	A	0.0%
	APP	B	0.0%
	DT	F	0.0%
	GRAB	C	0.0%
	PSTG	C	0.0%
	ROKU	F	0.0%
	SE	B	0.0%
	PLTR	B	0.0%
	HOOD	B	0.0%
	LII	B	0.0%
	ELS	C	0.0%
	HEI	A	0.0%
	LYV	D	0.0%
	CRWD	A	0.0%
	LUV	B	0.0%
	VRT	C	0.0%
	DASH	D	0.0%
	MSCI	C	0.0%
	RCL	A	0.0%
	LVS	F	0.0%
	ARES	C	0.0%
	ENTG	B	0.0%
	TWLO	D	0.0%
	UDR	B	0.0%
	QGEN	D	0.0%
	LW	C	0.0%
	WLK	D	0.0%
	CCL	B	0.0%
	AMH	B	0.0%
	ZBRA	C	0.0%
	TRU	C	0.0%
	CRL	F	0.0%
	OTEX	D	0.0%
	CPT	A	0.0%
	UHAL	D	0.0%

QWLD Underweight 8 Positions Relative to PABU

	Symbol	Grade	Weight
	MTD	B	-0.25%
	FI	D	-0.25%
	MELI	C	-0.24%
	RVTY	C	-0.14%
	COO	D	-0.1%
	ALNY	A	-0.09%
	FWONK	B	-0.07%
	NLY	B	-0.01%

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Semiconductors Asset Management Business Services Capital Markets Diagnostics & Research Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology Drug Manufacturers - Major REIT - Residential Specialty Chemicals Insurance - Property & Casualty Packaged Foods Banks - Global

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Bank Telecommunications Chemical Aerospace Banking Real Estate Investment Trust Insurance Products Medicine Semiconductor Cloud Computing Mining Mobile Devices

PABU: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Biotechnology Diversified Industrials Drug Manufacturers - Major Semiconductors Asset Management Capital Markets Internet Content & Information Medical Devices Medical Instruments & Supplies Insurance - Property & Casualty Insurance Brokers Credit Services REIT - Diversified Software - Infrastructure Specialty Retail Information Technology Services Restaurants

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Medicine Real Estate Investment Trust Telecommunications Biotechnology Mobile Devices Work From Home Bank Cloud Computing Disability Insurance Products Software Software As A Service Banking Electronics Payment Systems