QWLD vs. PTL ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$224.62

Average Daily Volume

7,636

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	PTL
30 Days	0.82%	5.09%
60 Days	0.23%	5.71%
90 Days	0.87%	7.67%
12 Months	22.65%

265 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in PTL	Overlap
ACI	C	0.02%	0.08%	0.02%
ADM	D	0.05%	0.18%	0.05%
ADP	B	0.26%	0.86%	0.26%
AEE	A	0.09%	0.16%	0.09%
AFG	A	0.02%	0.08%	0.02%
AFL	B	0.12%	0.42%	0.12%
AGCO	D	0.01%	0.05%	0.01%
AIG	B	0.07%	0.34%	0.07%
ALB	C	0.01%	0.08%	0.01%
ALGN	D	0.0%	0.12%	0.0%
AME	A	0.01%	0.31%	0.01%
AMH	D	0.0%	0.1%	0.0%
ANET	C	0.19%	0.83%	0.19%
ANSS	B	0.0%	0.21%	0.0%
AOS	F	0.02%	0.07%	0.02%
APA	D	0.02%	0.06%	0.02%
APH	A	0.43%	0.6%	0.43%
APP	B	0.0%	0.76%	0.0%
ARE	D	0.01%	0.13%	0.01%
ATO	A	0.01%	0.16%	0.01%
AVGO	D	0.11%	5.22%	0.11%
AWK	D	0.01%	0.19%	0.01%
AZO	C	0.28%	0.35%	0.28%
BAX	D	0.01%	0.12%	0.01%
BG	F	0.03%	0.09%	0.03%
BIO	D	0.0%	0.07%	0.0%
BKR	B	0.02%	0.31%	0.02%
BLDR	D	0.05%	0.15%	0.05%
BRO	B	0.14%	0.22%	0.14%
BSY	D	0.01%	0.11%	0.01%
BXP	D	0.01%	0.09%	0.01%
CAG	D	0.04%	0.09%	0.04%
CAT	B	0.36%	1.22%	0.36%
CBOE	B	0.24%	0.16%	0.16%
CCI	D	0.01%	0.31%	0.01%
CCK	C	0.01%	0.07%	0.01%
CDW	F	0.07%	0.16%	0.07%
CEG	D	0.02%	0.41%	0.02%
CF	B	0.13%	0.11%	0.11%
CHRD	D	0.01%	0.06%	0.01%
CHRW	C	0.01%	0.08%	0.01%
CINF	A	0.02%	0.16%	0.02%
CMS	C	0.05%	0.14%	0.05%
CNP	B	0.01%	0.14%	0.01%
COIN	C	0.01%	0.54%	0.01%
COR	B	0.41%	0.34%	0.34%
CPAY	A	0.01%	0.18%	0.01%
CPB	D	0.09%	0.1%	0.09%
CPRT	A	0.08%	0.37%	0.08%
CPT	B	0.01%	0.09%	0.01%
CRBG	B	0.01%	0.12%	0.01%
CSGP	D	0.0%	0.23%	0.0%
CSL	C	0.03%	0.14%	0.03%
CSX	B	0.11%	0.47%	0.11%
CTAS	B	0.14%	0.61%	0.14%
CTRA	B	0.02%	0.14%	0.02%
DAL	C	0.01%	0.27%	0.01%
DDOG	A	0.0%	0.32%	0.0%
DECK	A	0.05%	0.19%	0.05%
DG	F	0.01%	0.12%	0.01%
DHI	D	0.1%	0.39%	0.1%
DINO	D	0.05%	0.06%	0.05%
DLR	B	0.02%	0.43%	0.02%
DLTR	F	0.01%	0.1%	0.01%
DOC	D	0.01%	0.1%	0.01%
DOCU	A	0.0%	0.11%	0.0%
DOV	A	0.05%	0.19%	0.05%
DT	C	0.0%	0.1%	0.0%
DTE	C	0.02%	0.17%	0.02%
DVA	B	0.01%	0.09%	0.01%
DVN	F	0.03%	0.18%	0.03%
DXCM	D	0.0%	0.23%	0.0%
ED	D	0.35%	0.23%	0.23%
EFX	F	0.01%	0.22%	0.01%
ELS	C	0.0%	0.1%	0.0%
ELV	F	0.21%	0.67%	0.21%
EME	C	0.04%	0.17%	0.04%
EMR	A	0.03%	0.5%	0.03%
ENPH	F	0.01%	0.06%	0.01%
ENTG	D	0.0%	0.11%	0.0%
EOG	A	0.06%	0.56%	0.06%
EPAM	C	0.02%	0.09%	0.02%
EQR	B	0.01%	0.2%	0.01%
ERIE	D	0.12%	0.15%	0.12%
ES	D	0.01%	0.15%	0.01%
ESS	B	0.01%	0.14%	0.01%
ETR	B	0.03%	0.22%	0.03%
EVRG	A	0.01%	0.1%	0.01%
EW	C	0.07%	0.3%	0.07%
EXC	C	0.03%	0.26%	0.03%
EXPD	D	0.04%	0.11%	0.04%
EXR	D	0.01%	0.25%	0.01%
FANG	D	0.09%	0.4%	0.09%
FAST	B	0.09%	0.33%	0.09%
FBIN	D	0.0%	0.06%	0.0%
FCNCA	A	0.11%	0.24%	0.11%
FCX	D	0.02%	0.4%	0.02%
FDX	B	0.07%	0.55%	0.07%
FE	C	0.01%	0.16%	0.01%
FFIV	B	0.16%	0.1%	0.1%
FICO	B	0.05%	0.39%	0.05%
FSLR	F	0.01%	0.14%	0.01%
FTNT	C	0.01%	0.48%	0.01%
GEHC	F	0.02%	0.26%	0.02%
GEN	B	0.12%	0.12%	0.12%
GEV	B	0.02%	0.62%	0.02%
GGG	B	0.03%	0.1%	0.03%
GPC	D	0.05%	0.12%	0.05%
HAL	C	0.02%	0.2%	0.02%
HD	A	0.15%	2.69%	0.15%
HOLX	D	0.01%	0.13%	0.01%
HST	C	0.01%	0.09%	0.01%
HUBB	B	0.04%	0.16%	0.04%
ICE	C	0.03%	0.62%	0.03%
IDXX	F	0.07%	0.25%	0.07%
IEX	B	0.03%	0.12%	0.03%
IFF	D	0.01%	0.16%	0.01%
INCY	C	0.15%	0.1%	0.1%
INVH	D	0.01%	0.15%	0.01%
IOT	A	0.0%	0.21%	0.0%
IP	B	0.02%	0.15%	0.02%
IQV	D	0.01%	0.26%	0.01%
IR	B	0.01%	0.29%	0.01%
ISRG	A	0.25%	1.34%	0.25%
J	F	0.01%	0.11%	0.01%
JBHT	C	0.03%	0.13%	0.03%
JBL	B	0.02%	0.09%	0.02%
JKHY	D	0.07%	0.09%	0.07%
JNPR	F	0.12%	0.08%	0.08%
KEYS	A	0.17%	0.2%	0.17%
KLAC	D	0.14%	0.58%	0.14%
KMI	A	0.04%	0.43%	0.04%
KMX	B	0.02%	0.09%	0.02%
KNX	B	0.01%	0.06%	0.01%
KVUE	A	0.08%	0.32%	0.08%
L	A	0.17%	0.13%	0.13%
LEN	D	0.09%	0.33%	0.09%
LH	C	0.02%	0.14%	0.02%
LII	A	0.0%	0.16%	0.0%
LIN	D	0.06%	1.49%	0.06%
LNG	B	0.06%	0.35%	0.06%
LOW	D	0.07%	1.01%	0.07%
LW	C	0.0%	0.08%	0.0%
LYB	F	0.03%	0.19%	0.03%
MAA	B	0.01%	0.13%	0.01%
MANH	D	0.04%	0.11%	0.04%
MAS	D	0.01%	0.12%	0.01%
MCHP	D	0.06%	0.24%	0.06%
MKC	D	0.01%	0.15%	0.01%
MKL	A	0.13%	0.15%	0.13%
MKTX	D	0.02%	0.07%	0.02%
MLM	B	0.01%	0.25%	0.01%
MNST	C	0.07%	0.37%	0.07%
MOH	F	0.06%	0.12%	0.06%
MPWR	F	0.04%	0.19%	0.04%
MRO	B	0.02%	0.12%	0.02%
MRVL	B	0.01%	0.57%	0.01%
MSCI	C	0.0%	0.31%	0.0%
MSTR	C	0.0%	0.58%	0.0%
NBIX	C	0.11%	0.09%	0.09%
NDSN	B	0.02%	0.1%	0.02%
NEE	D	0.06%	1.08%	0.06%
NEM	D	0.04%	0.35%	0.04%
NET	B	0.0%	0.23%	0.0%
NI	A	0.01%	0.11%	0.01%
NRG	B	0.02%	0.12%	0.02%
NSC	B	0.03%	0.42%	0.03%
NTAP	C	0.04%	0.17%	0.04%
NUE	C	0.04%	0.24%	0.04%
NVR	D	0.06%	0.19%	0.06%
NWSA	B	0.01%	0.12%	0.01%
OC	A	0.03%	0.12%	0.03%
ODFL	B	0.08%	0.33%	0.08%
OKE	A	0.03%	0.48%	0.03%
OKTA	C	0.0%	0.09%	0.0%
ON	D	0.01%	0.21%	0.01%
ORLY	B	0.24%	0.47%	0.24%
OTIS	C	0.01%	0.25%	0.01%
OVV	B	0.02%	0.09%	0.02%
OXY	D	0.03%	0.33%	0.03%
PANW	C	0.18%	0.89%	0.18%
PAYC	B	0.02%	0.09%	0.02%
PAYX	C	0.1%	0.35%	0.1%
PCAR	B	0.11%	0.4%	0.11%
PCG	A	0.03%	0.31%	0.03%
PEG	A	0.02%	0.3%	0.02%
PGR	A	0.35%	1.06%	0.35%
PH	A	0.02%	0.61%	0.02%
PHM	D	0.06%	0.19%	0.06%
PKG	A	0.04%	0.15%	0.04%
PLD	D	0.04%	0.76%	0.04%
PLTR	B	0.0%	0.98%	0.0%
PODD	C	0.0%	0.13%	0.0%
POOL	C	0.03%	0.1%	0.03%
PSA	D	0.09%	0.4%	0.09%
PWR	A	0.01%	0.33%	0.01%
QCOM	F	0.32%	1.24%	0.32%
QRVO	F	0.0%	0.04%	0.0%
REG	B	0.01%	0.1%	0.01%
REGN	F	0.31%	0.63%	0.31%
RF	A	0.03%	0.17%	0.03%
RMD	C	0.05%	0.25%	0.05%
ROL	B	0.08%	0.17%	0.08%
ROP	B	0.48%	0.42%	0.42%
RPM	A	0.01%	0.12%	0.01%
RPRX	D	0.01%	0.11%	0.01%
RS	B	0.02%	0.12%	0.02%
RSG	A	0.46%	0.46%	0.46%
RVTY	F	0.01%	0.1%	0.01%
SBAC	D	0.01%	0.16%	0.01%
SEIC	B	0.02%	0.07%	0.02%
SHW	A	0.14%	0.65%	0.14%
SLB	C	0.03%	0.44%	0.03%
SMCI	F	0.01%	0.11%	0.01%
SNA	A	0.04%	0.13%	0.04%
SNOW	C	0.0%	0.3%	0.0%
SNPS	B	0.12%	0.6%	0.12%
SOLV	C	0.03%	0.09%	0.03%
SPG	B	0.02%	0.41%	0.02%
SSNC	B	0.01%	0.13%	0.01%
STE	F	0.01%	0.15%	0.01%
STLD	B	0.02%	0.15%	0.02%
SUI	D	0.01%	0.12%	0.01%
SWKS	F	0.03%	0.09%	0.03%
SYY	B	0.03%	0.24%	0.03%
TER	D	0.02%	0.12%	0.02%
TOST	B	0.0%	0.16%	0.0%
TPL	A	0.06%	0.24%	0.06%
TRGP	B	0.04%	0.32%	0.04%
TRMB	B	0.01%	0.12%	0.01%
TSCO	D	0.06%	0.19%	0.06%
TSN	B	0.15%	0.16%	0.15%
TTC	D	0.02%	0.06%	0.02%
TTD	B	0.0%	0.43%	0.0%
TTWO	A	0.01%	0.23%	0.01%
TW	A	0.0%	0.2%	0.0%
TYL	B	0.0%	0.18%	0.0%
UDR	B	0.0%	0.1%	0.0%
UHAL	D	0.0%	0.08%	0.0%
UHS	D	0.01%	0.1%	0.01%
UPS	C	0.07%	0.77%	0.07%
URI	B	0.02%	0.37%	0.02%
UTHR	C	0.15%	0.11%	0.11%
VEEV	C	0.05%	0.25%	0.05%
VLO	C	0.08%	0.33%	0.08%
VLTO	D	0.05%	0.18%	0.05%
VMC	B	0.01%	0.26%	0.01%
VRSK	A	0.01%	0.28%	0.01%
VRT	B	0.0%	0.33%	0.0%
VST	B	0.01%	0.29%	0.01%
VTR	C	0.01%	0.18%	0.01%
WDC	D	0.01%	0.15%	0.01%
WEC	A	0.2%	0.22%	0.2%
WELL	A	0.02%	0.58%	0.02%
WLK	D	0.0%	0.11%	0.0%
WM	A	0.52%	0.6%	0.52%
WPC	D	0.01%	0.09%	0.01%
WRB	A	0.14%	0.16%	0.14%
WSM	B	0.03%	0.15%	0.03%
WSO	A	0.03%	0.15%	0.03%
WST	C	0.04%	0.16%	0.04%
WTRG	B	0.01%	0.07%	0.01%
WY	D	0.02%	0.16%	0.02%
XOM	B	0.47%	3.74%	0.47%
YUM	B	0.15%	0.25%	0.15%

QWLD Overweight 345 Positions Relative to PTL

Symbol	Grade	Weight
AAPL	C	2.57%
NVDA	C	2.53%
MSFT	F	2.3%
META	D	2.11%
UNH	C	1.35%
V	A	1.21%
LLY	F	1.14%
JNJ	D	1.1%
GOOGL	C	1.07%
CSCO	B	1.03%
PG	A	0.95%
GOOG	C	0.94%
NVS	D	0.79%
PEP	F	0.77%
TMUS	B	0.76%
COST	B	0.76%
WMT	A	0.76%
BRK.A	B	0.73%
MA	C	0.71%
MSI	B	0.65%
ACN	C	0.65%
JPM	A	0.6%
MCK	B	0.58%
VZ	C	0.58%
KO	D	0.56%
NFLX	A	0.54%
MMC	B	0.51%
TXN	C	0.48%
SO	D	0.46%
IBM	C	0.46%
VRTX	F	0.43%
MCD	D	0.42%
LMT	D	0.42%
ADBE	C	0.42%
MRK	F	0.42%
CB	C	0.4%
T	A	0.39%
BAC	A	0.39%
AMZN	C	0.37%
DUK	C	0.36%
TJX	A	0.35%
ABBV	D	0.34%
GIS	D	0.33%
CVX	A	0.33%
NOC	D	0.32%
KR	B	0.31%
GE	D	0.31%
TRV	B	0.3%
AMAT	F	0.29%
WFC	A	0.28%
INTU	C	0.27%
UL	D	0.27%
WCN	A	0.27%
ACGL	D	0.26%
UNP	C	0.26%
HON	B	0.26%
HSBH	B	0.25%
GDDY	A	0.25%
C	A	0.25%
BLK	C	0.25%
ORCL	B	0.25%
MFG	B	0.24%
GILD	C	0.24%
K	A	0.23%
BMY	B	0.21%
EA	A	0.2%
KHC	F	0.2%
CL	D	0.2%
CTSH	B	0.2%
GM	B	0.19%
AJG	B	0.19%
WMB	A	0.19%
CHD	B	0.19%
GD	F	0.18%
CI	F	0.18%
PFE	D	0.18%
LRCX	F	0.18%
CMCSA	B	0.17%
NKE	D	0.17%
AON	A	0.17%
CHKP	D	0.17%
GS	A	0.17%
MPC	D	0.17%
ABBV	D	0.16%
HSY	F	0.16%
CVS	D	0.16%
TSLA	B	0.16%
CME	A	0.16%
AMGN	D	0.16%
TM	D	0.15%
TGT	F	0.15%
BAH	F	0.15%
ZTS	D	0.15%
TT	A	0.15%
HUM	C	0.15%
CMG	B	0.14%
KDP	D	0.14%
PSX	C	0.14%
VRSN	F	0.14%
MMM	D	0.14%
MUFG	B	0.14%
MDLZ	F	0.14%
CAH	B	0.13%
MCO	B	0.13%
CDNS	B	0.13%
ITW	B	0.13%
MS	A	0.12%
TD	F	0.12%
E	F	0.12%
DGX	A	0.11%
AKAM	D	0.11%
KMB	D	0.11%
BCS	C	0.11%
DEO	F	0.11%
GWW	B	0.11%
PNC	B	0.1%
ADSK	A	0.1%
DIS	B	0.1%
COF	B	0.1%
CMI	A	0.1%
COP	C	0.1%
CNI	D	0.1%
INTC	D	0.1%
SMFG	B	0.1%
XEL	A	0.09%
FI	A	0.09%
LYG	F	0.09%
TFC	A	0.09%
RTX	C	0.09%
HRL	D	0.09%
USB	A	0.09%
AMP	A	0.09%
ABT	B	0.09%
F	C	0.09%
ALL	A	0.08%
AMCR	D	0.08%
PTC	A	0.08%
AIZ	A	0.08%
SONY	B	0.08%
STLA	F	0.08%
WBD	C	0.07%
HMC	F	0.07%
AEP	D	0.07%
SJM	D	0.07%
BMRN	D	0.07%
PM	B	0.07%
LULU	C	0.07%
BDX	F	0.07%
WTW	B	0.07%
BBY	D	0.06%
TDY	B	0.06%
CRM	B	0.06%
EG	C	0.06%
MDT	D	0.06%
D	C	0.06%
TMO	F	0.06%
LOGI	D	0.06%
ROK	B	0.06%
DPZ	C	0.06%
A	D	0.06%
AXP	A	0.06%
ULTA	F	0.06%
DE	A	0.06%
LPLA	A	0.05%
MTB	A	0.05%
BTI	B	0.05%
CNC	D	0.05%
PRU	A	0.05%
MT	B	0.05%
MET	A	0.05%
DHR	F	0.05%
BK	A	0.05%
TROW	B	0.05%
CHTR	C	0.05%
GRMN	B	0.05%
ADI	D	0.04%
HCA	F	0.04%
SPGI	C	0.04%
SRE	A	0.04%
HPE	B	0.04%
SBUX	A	0.04%
WBA	F	0.04%
SYF	B	0.04%
CFG	B	0.04%
MU	D	0.04%
WAT	B	0.04%
MO	A	0.04%
OMC	C	0.04%
CTVA	C	0.04%
SCHW	B	0.04%
HPQ	B	0.04%
BR	A	0.04%
WDAY	B	0.04%
DFS	B	0.04%
PYPL	B	0.04%
EIX	B	0.03%
AVY	D	0.03%
BX	A	0.03%
FDS	B	0.03%
SW	A	0.03%
CBRE	B	0.03%
APD	A	0.03%
LNT	A	0.03%
BKNG	A	0.03%
HIG	B	0.03%
PNR	A	0.03%
VTRS	A	0.03%
JCI	C	0.03%
ETN	A	0.03%
HBAN	A	0.03%
SYK	C	0.03%
STT	A	0.03%
DRI	B	0.03%
AMD	F	0.03%
DOW	F	0.03%
FITB	A	0.03%
IT	C	0.03%
ALLY	C	0.02%
EQIX	A	0.02%
NXPI	D	0.02%
EQT	B	0.02%
SQ	B	0.02%
APO	B	0.02%
NMR	B	0.02%
NTRS	A	0.02%
ROST	C	0.02%
AER	B	0.02%
MOS	F	0.02%
FIS	C	0.02%
RJF	A	0.02%
PFG	D	0.02%
VICI	C	0.02%
CARR	D	0.02%
GLW	B	0.02%
IPG	D	0.02%
GPN	B	0.02%
AMT	D	0.02%
O	D	0.02%
DD	D	0.02%
DKS	C	0.02%
BSX	B	0.02%
KKR	A	0.02%
ALLE	D	0.02%
KEY	B	0.02%
LHX	C	0.02%
DASH	A	0.01%
CTLT	B	0.01%
MGM	D	0.01%
MBAVU	D	0.01%
RCL	A	0.01%
EL	F	0.01%
GLPI	C	0.01%
HII	D	0.01%
TRU	D	0.01%
FOX	A	0.01%
AVTR	F	0.01%
CLX	B	0.01%
BURL	A	0.01%
IRM	D	0.01%
CCL	B	0.01%
STX	D	0.01%
CE	F	0.01%
TWLO	A	0.01%
HLT	A	0.01%
HSIC	B	0.01%
BEN	C	0.01%
CG	A	0.01%
MRNA	F	0.01%
AES	F	0.01%
CCEP	C	0.01%
ACM	A	0.01%
HWM	A	0.01%
XYL	D	0.01%
ZM	B	0.01%
ZBRA	B	0.01%
STZ	D	0.01%
TDG	D	0.01%
BALL	D	0.01%
FTV	C	0.01%
LKQ	D	0.01%
WFG	D	0.01%
ABNB	C	0.01%
SE	B	0.01%
EMN	D	0.01%
LDOS	C	0.01%
TXT	D	0.01%
NDAQ	A	0.01%
KIM	A	0.01%
EXPE	B	0.01%
EQH	B	0.01%
APTV	D	0.01%
EBAY	D	0.01%
FNF	B	0.01%
AVB	B	0.01%
MAR	B	0.01%
ZBH	C	0.01%
UBER	D	0.01%
DELL	C	0.01%
SWK	D	0.01%
BIIB	F	0.01%
HES	B	0.01%
FOXA	B	0.01%
WAB	B	0.01%
MELI	D	0.01%
TAP	C	0.01%
BA	F	0.01%
ECL	D	0.01%
NOW	A	0.01%
PPG	F	0.01%
PPL	B	0.01%
CNH	C	0.01%
PARA	C	0.01%
GLBE	B	0.0%
RBLX	C	0.0%
XRX	F	0.0%
DKNG	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%
DAY	B	0.0%
EXAS	D	0.0%
GRAB	B	0.0%
TECH	D	0.0%
ROKU	D	0.0%
WYNN	D	0.0%
CRWD	B	0.0%
HOOD	B	0.0%
HEI	B	0.0%
RIVN	F	0.0%
Z	A	0.0%
LUV	C	0.0%
MTCH	D	0.0%
LYV	A	0.0%
QGEN	D	0.0%
BBWI	D	0.0%
AXON	A	0.0%
LVS	C	0.0%
CRL	C	0.0%
TFX	F	0.0%
ILMN	D	0.0%
OTEX	D	0.0%
ARES	A	0.0%

QWLD Underweight 213 Positions Relative to PTL

Symbol	Grade	Weight
IBKR	A	-0.53%
SCCO	F	-0.52%
CVNA	B	-0.33%
CPNG	D	-0.3%
OWL	A	-0.23%
ZS	C	-0.22%
RKT	F	-0.2%
MTD	D	-0.17%
TKO	B	-0.16%
AFRM	B	-0.16%
GFS	C	-0.16%
MDB	C	-0.15%
UI	A	-0.14%
NTNX	A	-0.13%
XPO	B	-0.13%
CHWY	B	-0.12%
USFD	A	-0.12%
RYAN	B	-0.12%
CASY	A	-0.11%
RGA	A	-0.11%
FLEX	A	-0.11%
SMMT	D	-0.11%
TOL	B	-0.11%
COHR	B	-0.11%
GWRE	A	-0.11%
JEF	A	-0.11%
FIX	A	-0.11%
CLH	B	-0.1%
SFM	A	-0.1%
AGR	B	-0.1%
THC	D	-0.1%
EWBC	A	-0.1%
SAIA	B	-0.1%
TXRH	C	-0.09%
SCI	B	-0.09%
PFGC	B	-0.09%
INSM	C	-0.09%
LAMR	D	-0.09%
PR	B	-0.09%
SN	D	-0.09%
HLI	B	-0.09%
CW	B	-0.09%
EDR	A	-0.09%
MUSA	A	-0.08%
PCTY	B	-0.08%
AA	B	-0.08%
FND	C	-0.08%
BLD	D	-0.08%
CUBE	D	-0.08%
KNSL	B	-0.08%
ATR	B	-0.08%
MTZ	B	-0.08%
PCVX	D	-0.08%
GMED	A	-0.08%
BJ	A	-0.08%
FHN	A	-0.08%
LECO	B	-0.08%
MEDP	D	-0.08%
PPC	C	-0.08%
SF	B	-0.08%
EVR	B	-0.08%
RRX	B	-0.08%
ITT	A	-0.08%
ITCI	C	-0.07%
LAD	A	-0.07%
BRBR	A	-0.07%
ALSN	B	-0.07%
RBC	A	-0.07%
FRT	B	-0.07%
EHC	B	-0.07%
PNFP	B	-0.07%
DOX	D	-0.07%
AYI	B	-0.07%
RVMD	C	-0.07%
REXR	F	-0.07%
RGLD	C	-0.07%
CACI	D	-0.07%
ORI	A	-0.07%
PRI	A	-0.07%
PEN	B	-0.07%
KNTK	B	-0.07%
WING	D	-0.07%
WMS	D	-0.07%
AR	B	-0.07%
CFLT	B	-0.07%
DTM	B	-0.07%
UWMC	D	-0.07%
GNRC	B	-0.07%
GL	B	-0.07%
AAON	B	-0.07%
WAL	B	-0.07%
CR	A	-0.07%
AIT	A	-0.07%
HLNE	B	-0.07%
MLI	C	-0.07%
PCOR	B	-0.07%
LBRDA	C	-0.07%
EXP	A	-0.07%
EXEL	B	-0.07%
WCC	B	-0.07%
OHI	C	-0.07%
PAG	B	-0.07%
COKE	C	-0.07%
PNW	B	-0.07%
GTLB	B	-0.07%
GME	C	-0.07%
WBS	A	-0.07%
TTEK	F	-0.07%
BWXT	B	-0.07%
APG	B	-0.07%
TREX	C	-0.06%
NNN	D	-0.06%
ONTO	D	-0.06%
RLI	B	-0.06%
BRKR	D	-0.06%
BERY	B	-0.06%
OLED	D	-0.06%
PB	A	-0.06%
INFA	D	-0.06%
CHE	D	-0.06%
RRC	B	-0.06%
SSB	B	-0.06%
APPF	B	-0.06%
MHK	D	-0.06%
OGE	B	-0.06%
EGP	F	-0.06%
AUR	C	-0.06%
FYBR	D	-0.06%
HESM	B	-0.06%
HQY	B	-0.06%
ENSG	D	-0.06%
MTSI	B	-0.06%
AXTA	A	-0.06%
CRS	A	-0.06%
PLNT	A	-0.06%
GPK	C	-0.06%
SUM	B	-0.06%
ALTR	B	-0.06%
WTFC	A	-0.06%
FLR	B	-0.06%
ROIV	C	-0.06%
ZION	B	-0.06%
DCI	B	-0.06%
CIEN	B	-0.06%
FOUR	B	-0.06%
CFR	B	-0.06%
BRX	A	-0.06%
S	B	-0.06%
TPX	B	-0.06%
ESTC	C	-0.06%
CNM	D	-0.06%
SITE	D	-0.05%
AN	C	-0.05%
AMKR	D	-0.05%
COLD	D	-0.05%
CGNX	C	-0.05%
MTH	D	-0.05%
SATS	D	-0.05%
NUVL	D	-0.05%
WFRD	D	-0.05%
WSC	D	-0.05%
GNTX	C	-0.05%
STAG	F	-0.05%
SPSC	C	-0.05%
WTS	B	-0.05%
CELH	F	-0.05%
STWD	C	-0.05%
ATI	D	-0.05%
NPAB	B	-0.05%
HCP	B	-0.05%
PATH	C	-0.05%
FCN	D	-0.05%
FR	C	-0.05%
MTN	C	-0.05%
MSA	D	-0.05%
BWA	D	-0.05%
LSCC	D	-0.05%
WEX	D	-0.05%
RHI	B	-0.05%
AM	A	-0.05%
GAP	C	-0.05%
DLB	B	-0.05%
TMHC	B	-0.05%
JAZZ	B	-0.05%
KBR	F	-0.05%
BOKF	B	-0.05%
MIDD	C	-0.05%
SSD	D	-0.05%
GKOS	B	-0.05%
LPX	B	-0.05%
MKSI	C	-0.05%
ADC	B	-0.05%
VNO	B	-0.05%
FRPT	B	-0.05%
AGNC	D	-0.05%
RGEN	D	-0.05%
G	B	-0.05%
KEX	C	-0.05%
U	C	-0.05%
UFPI	B	-0.05%
SAIC	F	-0.04%
IBP	D	-0.04%
ESNT	D	-0.04%
LNTH	D	-0.04%
TRNO	F	-0.04%
ARW	D	-0.04%
VKTX	F	-0.04%
LSTR	D	-0.04%
ELAN	D	-0.04%
BFAM	D	-0.04%
POST	C	-0.04%
ACHC	F	-0.03%
LCID	F	-0.03%