QWLD vs. VCSH ETF Comparison

Comparison of SPDR MSCI World Quality Mix ETF (QWLD) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$127.97

Average Daily Volume

3,476

Number of Holdings ^*

610

* may have additional holdings in another (foreign) market

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,823,257

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	QWLD	VCSH
30 Days	-0.47%	-0.24%
60 Days	0.20%	-1.00%
90 Days	0.50%	0.07%
12 Months	22.20%	6.91%

330 Overlapping Holdings

Symbol	Grade	Weight in QWLD	Weight in VCSH	Overlap
A	D	0.06%	0.02%	0.02%
AAPL	C	2.57%	0.03%	0.03%
ABBV	F	0.16%	0.02%	0.02%
ABBV	F	0.34%	0.02%	0.02%
ABT	B	0.09%	0.02%	0.02%
ADBE	C	0.42%	0.03%	0.03%
ADI	D	0.04%	0.02%	0.02%
ADM	D	0.05%	0.05%	0.05%
ADP	A	0.26%	0.05%	0.05%
ADSK	A	0.1%	0.01%	0.01%
AEE	A	0.09%	0.01%	0.01%
AEP	C	0.07%	0.01%	0.01%
AER	A	0.02%	0.03%	0.02%
AES	F	0.01%	0.02%	0.01%
AFG	A	0.02%	0.02%	0.02%
AFL	B	0.12%	0.02%	0.02%
AIG	B	0.07%	0.06%	0.06%
AIZ	A	0.08%	0.02%	0.02%
ALB	B	0.01%	0.02%	0.01%
ALL	A	0.08%	0.01%	0.01%
ALLE	C	0.02%	0.02%	0.02%
ALLY	C	0.02%	0.01%	0.01%
AMAT	F	0.29%	0.03%	0.03%
AMD	F	0.03%	0.01%	0.01%
AMGN	F	0.16%	0.01%	0.01%
AMP	A	0.09%	0.01%	0.01%
AMT	C	0.02%	0.01%	0.01%
AMZN	C	0.37%	0.04%	0.04%
AON	A	0.17%	0.01%	0.01%
APD	A	0.03%	0.01%	0.01%
APH	A	0.43%	0.02%	0.02%
APTV	F	0.01%	0.03%	0.01%
ARE	F	0.01%	0.01%	0.01%
ATO	A	0.01%	0.03%	0.01%
AVB	B	0.01%	0.01%	0.01%
AVGO	D	0.11%	0.01%	0.01%
AWK	C	0.01%	0.01%	0.01%
AXP	A	0.06%	0.03%	0.03%
AZO	C	0.28%	0.01%	0.01%
BA	F	0.01%	0.01%	0.01%
BAC	A	0.39%	0.01%	0.01%
BAX	F	0.01%	0.03%	0.01%
BDX	F	0.07%	0.02%	0.02%
BEN	C	0.01%	0.02%	0.01%
BG	D	0.03%	0.03%	0.03%
BIIB	F	0.01%	0.08%	0.01%
BK	A	0.05%	0.01%	0.01%
BKNG	A	0.03%	0.02%	0.02%
BLK	B	0.25%	0.05%	0.05%
BMY	B	0.21%	0.02%	0.02%
BR	A	0.04%	0.02%	0.02%
BRO	B	0.14%	0.02%	0.02%
BSX	A	0.02%	0.01%	0.01%
BXP	C	0.01%	0.03%	0.01%
C	A	0.25%	0.02%	0.02%
CAG	F	0.04%	0.01%	0.01%
CAH	B	0.13%	0.02%	0.02%
CARR	C	0.02%	0.09%	0.02%
CAT	B	0.36%	0.02%	0.02%
CB	C	0.4%	0.03%	0.03%
CCI	C	0.01%	0.02%	0.01%
CDNS	B	0.13%	0.02%	0.02%
CE	F	0.01%	0.02%	0.01%
CF	A	0.13%	0.02%	0.02%
CFG	B	0.04%	0.01%	0.01%
CHD	A	0.19%	0.01%	0.01%
CHTR	C	0.05%	0.07%	0.05%
CI	D	0.18%	0.01%	0.01%
CL	D	0.2%	0.01%	0.01%
CLX	A	0.01%	0.01%	0.01%
CMCSA	B	0.17%	0.03%	0.03%
CME	B	0.16%	0.03%	0.03%
CMI	A	0.1%	0.02%	0.02%
CMS	C	0.05%	0.01%	0.01%
CNH	C	0.01%	0.02%	0.01%
CNP	A	0.01%	0.01%	0.01%
COF	C	0.1%	0.01%	0.01%
COP	C	0.1%	0.01%	0.01%
COST	A	0.76%	0.06%	0.06%
CPB	D	0.09%	0.02%	0.02%
CPT	B	0.01%	0.02%	0.01%
CRM	B	0.06%	0.05%	0.05%
CSCO	B	1.03%	0.02%	0.02%
CSL	C	0.03%	0.01%	0.01%
CSX	C	0.11%	0.02%	0.02%
CTVA	C	0.04%	0.02%	0.02%
CVS	D	0.16%	0.02%	0.02%
CVX	A	0.33%	0.02%	0.02%
D	C	0.06%	0.01%	0.01%
DAL	B	0.01%	0.01%	0.01%
DD	C	0.02%	0.08%	0.02%
DE	B	0.06%	0.01%	0.01%
DELL	B	0.01%	0.01%	0.01%
DFS	B	0.04%	0.01%	0.01%
DG	F	0.01%	0.01%	0.01%
DGX	A	0.11%	0.02%	0.02%
DHI	F	0.1%	0.01%	0.01%
DHR	F	0.05%	0.02%	0.02%
DIS	B	0.1%	0.03%	0.03%
DLR	B	0.02%	0.03%	0.02%
DLTR	F	0.01%	0.05%	0.01%
DOC	C	0.01%	0.02%	0.01%
DOV	A	0.05%	0.02%	0.02%
DOW	F	0.03%	0.01%	0.01%
DTE	C	0.02%	0.01%	0.01%
DUK	C	0.36%	0.01%	0.01%
DVN	F	0.03%	0.02%	0.02%
EA	A	0.2%	0.02%	0.02%
EBAY	D	0.01%	0.03%	0.01%
ED	C	0.35%	0.01%	0.01%
EFX	F	0.01%	0.02%	0.01%
EIX	B	0.03%	0.01%	0.01%
EL	F	0.01%	0.03%	0.01%
EMN	C	0.01%	0.03%	0.01%
EMR	B	0.03%	0.01%	0.01%
EOG	A	0.06%	0.02%	0.02%
EQH	C	0.01%	0.02%	0.01%
EQIX	A	0.02%	0.02%	0.02%
EQR	C	0.01%	0.02%	0.01%
ES	C	0.01%	0.01%	0.01%
ESS	B	0.01%	0.01%	0.01%
ETN	A	0.03%	0.07%	0.03%
ETR	B	0.03%	0.01%	0.01%
EVRG	A	0.01%	0.01%	0.01%
EXC	C	0.03%	0.01%	0.01%
EXPE	B	0.01%	0.02%	0.01%
FANG	C	0.09%	0.02%	0.02%
FDX	B	0.07%	0.03%	0.03%
FE	C	0.01%	0.01%	0.01%
FIS	C	0.02%	0.03%	0.02%
FITB	B	0.03%	0.03%	0.03%
FOXA	A	0.01%	0.04%	0.01%
FTNT	C	0.01%	0.02%	0.01%
FTV	C	0.01%	0.04%	0.01%
GD	D	0.18%	0.02%	0.02%
GE	D	0.31%	0.01%	0.01%
GILD	C	0.24%	0.04%	0.04%
GIS	D	0.33%	0.03%	0.03%
GLPI	C	0.01%	0.03%	0.01%
GM	C	0.19%	0.02%	0.02%
GOOGL	C	1.07%	0.04%	0.04%
GPN	B	0.02%	0.03%	0.02%
GS	A	0.17%	0.01%	0.01%
GWW	B	0.11%	0.02%	0.02%
H	B	0.0%	0.01%	0.0%
HAL	C	0.02%	0.03%	0.02%
HBAN	A	0.03%	0.01%	0.01%
HCA	F	0.04%	0.06%	0.04%
HD	B	0.15%	0.01%	0.01%
HES	B	0.01%	0.01%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	C	0.26%	0.01%	0.01%
HPE	B	0.04%	0.03%	0.03%
HPQ	B	0.04%	0.05%	0.04%
HRL	D	0.09%	0.03%	0.03%
HST	C	0.01%	0.02%	0.01%
HSY	F	0.16%	0.01%	0.01%
HUBB	B	0.04%	0.01%	0.01%
HUM	C	0.15%	0.02%	0.02%
IBM	C	0.46%	0.02%	0.02%
ICE	C	0.03%	0.02%	0.02%
IFF	D	0.01%	0.01%	0.01%
ILMN	C	0.0%	0.02%	0.0%
INTC	C	0.1%	0.03%	0.03%
INTU	B	0.27%	0.02%	0.02%
IP	A	0.02%	0.02%	0.02%
IPG	D	0.02%	0.01%	0.01%
ITW	B	0.13%	0.04%	0.04%
JBHT	C	0.03%	0.03%	0.03%
JBL	C	0.02%	0.01%	0.01%
JCI	B	0.03%	0.02%	0.02%
JNJ	C	1.1%	0.02%	0.02%
JNPR	D	0.12%	0.03%	0.03%
JPM	A	0.6%	0.01%	0.01%
K	A	0.23%	0.02%	0.02%
KDP	F	0.14%	0.02%	0.02%
KEY	B	0.02%	0.01%	0.01%
KEYS	A	0.17%	0.02%	0.02%
KIM	A	0.01%	0.01%	0.01%
KLAC	F	0.14%	0.06%	0.06%
KMB	C	0.11%	0.01%	0.01%
KMI	A	0.04%	0.02%	0.02%
KO	D	0.56%	0.06%	0.06%
KR	B	0.31%	0.02%	0.02%
L	A	0.17%	0.02%	0.02%
LDOS	C	0.01%	0.02%	0.01%
LEN	D	0.09%	0.01%	0.01%
LH	B	0.02%	0.01%	0.01%
LHX	C	0.02%	0.02%	0.02%
LII	A	0.0%	0.01%	0.0%
LIN	C	0.06%	0.02%	0.02%
LLY	F	1.14%	0.02%	0.02%
LMT	D	0.42%	0.05%	0.05%
LNT	A	0.03%	0.02%	0.02%
LOW	C	0.07%	0.01%	0.01%
LRCX	F	0.18%	0.02%	0.02%
LUV	C	0.0%	0.01%	0.0%
LVS	B	0.0%	0.02%	0.0%
LYB	F	0.03%	0.02%	0.02%
MA	B	0.71%	0.04%	0.04%
MAA	B	0.01%	0.01%	0.01%
MAR	A	0.01%	0.01%	0.01%
MCD	D	0.42%	0.01%	0.01%
MCHP	F	0.06%	0.01%	0.01%
MCK	A	0.58%	0.01%	0.01%
MCO	B	0.13%	0.02%	0.02%
MDLZ	F	0.14%	0.01%	0.01%
MDT	D	0.06%	0.08%	0.06%
MET	A	0.05%	0.02%	0.02%
MKC	C	0.01%	0.02%	0.01%
MLM	C	0.01%	0.01%	0.01%
MMC	B	0.51%	0.01%	0.01%
MMM	D	0.14%	0.01%	0.01%
MO	A	0.04%	0.01%	0.01%
MOS	F	0.02%	0.03%	0.02%
MPC	D	0.17%	0.03%	0.03%
MRK	D	0.42%	0.04%	0.04%
MRVL	B	0.01%	0.02%	0.01%
MS	A	0.12%	0.03%	0.03%
MSFT	D	2.3%	0.04%	0.04%
MSI	B	0.65%	0.03%	0.03%
MTB	A	0.05%	0.02%	0.02%
MU	D	0.04%	0.03%	0.03%
MUFG	B	0.14%	0.01%	0.01%
NDAQ	A	0.01%	0.01%	0.01%
NEE	C	0.06%	0.01%	0.01%
NEM	D	0.04%	0.01%	0.01%
NI	A	0.01%	0.05%	0.01%
NKE	F	0.17%	0.02%	0.02%
NOC	D	0.32%	0.05%	0.05%
NSC	B	0.03%	0.01%	0.01%
NTAP	C	0.04%	0.02%	0.02%
NTRS	A	0.02%	0.04%	0.02%
NUE	C	0.04%	0.03%	0.03%
NVDA	B	2.53%	0.02%	0.02%
NXPI	D	0.02%	0.02%	0.02%
O	C	0.02%	0.01%	0.01%
OC	A	0.03%	0.01%	0.01%
OKE	A	0.03%	0.02%	0.02%
OMC	C	0.04%	0.06%	0.04%
ORCL	A	0.25%	0.05%	0.05%
ORLY	B	0.24%	0.01%	0.01%
OTIS	C	0.01%	0.07%	0.01%
PCAR	B	0.11%	0.01%	0.01%
PCG	A	0.03%	0.01%	0.01%
PEG	A	0.02%	0.01%	0.01%
PEP	F	0.77%	0.02%	0.02%
PFE	F	0.18%	0.03%	0.03%
PFG	D	0.02%	0.01%	0.01%
PG	C	0.95%	0.01%	0.01%
PH	A	0.02%	0.02%	0.02%
PHM	D	0.06%	0.03%	0.03%
PKG	A	0.04%	0.01%	0.01%
PM	B	0.07%	0.02%	0.02%
PNC	B	0.1%	0.02%	0.02%
PPG	F	0.01%	0.01%	0.01%
PPL	A	0.01%	0.01%	0.01%
PRU	A	0.05%	0.03%	0.03%
PSA	C	0.09%	0.02%	0.02%
PSX	C	0.14%	0.01%	0.01%
PYPL	B	0.04%	0.03%	0.03%
QCOM	F	0.32%	0.04%	0.04%
RF	A	0.03%	0.04%	0.03%
ROK	C	0.06%	0.01%	0.01%
ROP	B	0.48%	0.01%	0.01%
ROST	D	0.02%	0.02%	0.02%
RPM	A	0.01%	0.01%	0.01%
RPRX	D	0.01%	0.04%	0.01%
RS	B	0.02%	0.01%	0.01%
RSG	A	0.46%	0.01%	0.01%
RTX	D	0.09%	0.02%	0.02%
SBUX	A	0.04%	0.02%	0.02%
SCHW	B	0.04%	0.01%	0.01%
SHW	B	0.14%	0.02%	0.02%
SLB	C	0.03%	0.02%	0.02%
SO	C	0.46%	0.01%	0.01%
SPG	A	0.02%	0.02%	0.02%
SPGI	C	0.04%	0.03%	0.03%
SRE	A	0.04%	0.01%	0.01%
STLA	F	0.08%	0.07%	0.07%
STLD	B	0.02%	0.02%	0.02%
STT	B	0.03%	0.03%	0.03%
STZ	D	0.01%	0.02%	0.01%
SWK	D	0.01%	0.03%	0.01%
SWKS	F	0.03%	0.03%	0.03%
SYF	B	0.04%	0.03%	0.03%
SYK	B	0.03%	0.01%	0.01%
SYY	D	0.03%	0.03%	0.03%
T	A	0.39%	0.01%	0.01%
TAP	C	0.01%	0.1%	0.01%
TD	D	0.12%	0.02%	0.02%
TDY	B	0.06%	0.02%	0.02%
TFC	A	0.09%	0.01%	0.01%
TGT	F	0.15%	0.05%	0.05%
TJX	A	0.35%	0.04%	0.04%
TMO	F	0.06%	0.01%	0.01%
TMUS	B	0.76%	0.04%	0.04%
TRMB	B	0.01%	0.01%	0.01%
TSN	B	0.15%	0.01%	0.01%
TT	A	0.15%	0.02%	0.02%
TXN	C	0.48%	0.01%	0.01%
TXT	D	0.01%	0.01%	0.01%
UDR	B	0.0%	0.01%	0.0%
UHS	D	0.01%	0.01%	0.01%
UNH	B	1.35%	0.01%	0.01%
UNP	C	0.26%	0.01%	0.01%
UPS	C	0.07%	0.02%	0.02%
USB	A	0.09%	0.02%	0.02%
V	A	1.21%	0.13%	0.13%
VLO	C	0.08%	0.03%	0.03%
VMC	B	0.01%	0.01%	0.01%
VRSK	A	0.01%	0.05%	0.01%
VTR	B	0.01%	0.02%	0.01%
VTRS	A	0.03%	0.03%	0.03%
VZ	C	0.58%	0.06%	0.06%
WAB	B	0.01%	0.03%	0.01%
WBA	F	0.04%	0.06%	0.04%
WEC	A	0.2%	0.02%	0.02%
WELL	A	0.02%	0.01%	0.01%
WFC	A	0.28%	0.01%	0.01%
WLK	D	0.0%	0.04%	0.0%
WM	B	0.52%	0.02%	0.02%
WMB	A	0.19%	0.03%	0.03%
WMT	A	0.76%	0.02%	0.02%
WPC	C	0.01%	0.02%	0.01%
WY	F	0.02%	0.01%	0.01%
XEL	A	0.09%	0.01%	0.01%
XOM	B	0.47%	0.02%	0.02%
ZBH	C	0.01%	0.02%	0.01%
ZTS	D	0.15%	0.04%	0.04%

QWLD Overweight 280 Positions Relative to VCSH

Symbol	Grade	Weight
META	D	2.11%
GOOG	C	0.94%
NVS	F	0.79%
BRK.A	B	0.73%
ACN	B	0.65%
NFLX	A	0.54%
VRTX	D	0.43%
COR	B	0.41%
PGR	A	0.35%
REGN	F	0.31%
TRV	B	0.3%
UL	D	0.27%
WCN	A	0.27%
ACGL	C	0.26%
HSBH	B	0.25%
GDDY	A	0.25%
ISRG	A	0.25%
CBOE	C	0.24%
MFG	A	0.24%
ELV	F	0.21%
KHC	F	0.2%
CTSH	B	0.2%
AJG	A	0.19%
ANET	C	0.19%
PANW	B	0.18%
CHKP	C	0.17%
TSLA	B	0.16%
FFIV	B	0.16%
TM	F	0.15%
YUM	D	0.15%
UTHR	C	0.15%
BAH	F	0.15%
INCY	C	0.15%
CMG	B	0.14%
VRSN	C	0.14%
CTAS	B	0.14%
WRB	A	0.14%
MKL	A	0.13%
ERIE	D	0.12%
GEN	B	0.12%
SNPS	B	0.12%
E	F	0.12%
NBIX	C	0.11%
AKAM	D	0.11%
BCS	A	0.11%
FCNCA	A	0.11%
DEO	F	0.11%
CNI	F	0.1%
PAYX	B	0.1%
SMFG	B	0.1%
FI	A	0.09%
LYG	D	0.09%
FAST	B	0.09%
F	C	0.09%
AMCR	C	0.08%
ODFL	C	0.08%
PTC	B	0.08%
CPRT	B	0.08%
ROL	B	0.08%
KVUE	A	0.08%
SONY	B	0.08%
JKHY	D	0.07%
WBD	B	0.07%
MNST	C	0.07%
HMC	F	0.07%
EW	C	0.07%
SJM	D	0.07%
BMRN	F	0.07%
CDW	F	0.07%
LULU	C	0.07%
WTW	B	0.07%
IDXX	F	0.07%
TSCO	D	0.06%
TPL	A	0.06%
LNG	A	0.06%
BBY	D	0.06%
EG	C	0.06%
MOH	F	0.06%
LOGI	D	0.06%
DPZ	C	0.06%
ULTA	F	0.06%
NVR	D	0.06%
BLDR	D	0.05%
VEEV	C	0.05%
LPLA	A	0.05%
BTI	B	0.05%
VLTO	C	0.05%
CNC	D	0.05%
DINO	D	0.05%
FICO	B	0.05%
MT	B	0.05%
DECK	A	0.05%
GPC	D	0.05%
RMD	C	0.05%
TROW	B	0.05%
GRMN	B	0.05%
WST	C	0.04%
SNA	A	0.04%
MANH	D	0.04%
EXPD	C	0.04%
WAT	C	0.04%
MPWR	F	0.04%
WDAY	B	0.04%
TRGP	A	0.04%
PLD	F	0.04%
EME	A	0.04%
AVY	F	0.03%
IEX	C	0.03%
GGG	B	0.03%
BX	A	0.03%
FDS	B	0.03%
POOL	C	0.03%
SW	A	0.03%
CBRE	B	0.03%
HIG	B	0.03%
PNR	A	0.03%
SOLV	D	0.03%
WSO	A	0.03%
DRI	B	0.03%
OXY	D	0.03%
WSM	C	0.03%
IT	C	0.03%
KMX	B	0.02%
TTC	C	0.02%
MKTX	D	0.02%
NRG	B	0.02%
ACI	C	0.02%
EQT	B	0.02%
SQ	A	0.02%
AOS	F	0.02%
GEHC	D	0.02%
APO	B	0.02%
SEIC	B	0.02%
NMR	B	0.02%
CEG	C	0.02%
OVV	B	0.02%
CINF	A	0.02%
RJF	A	0.02%
CTRA	B	0.02%
PAYC	B	0.02%
VICI	C	0.02%
GLW	B	0.02%
MRO	B	0.02%
NDSN	B	0.02%
URI	C	0.02%
DKS	D	0.02%
BKR	A	0.02%
EPAM	B	0.02%
KKR	A	0.02%
GEV	B	0.02%
FCX	F	0.02%
APA	D	0.02%
TER	F	0.02%
DASH	B	0.01%
WTRG	B	0.01%
CTLT	C	0.01%
MGM	D	0.01%
FSLR	F	0.01%
SBAC	D	0.01%
MBAVU	C	0.01%
RCL	A	0.01%
DVA	C	0.01%
TRU	D	0.01%
FOX	A	0.01%
AVTR	F	0.01%
NWSA	A	0.01%
TTWO	A	0.01%
STE	D	0.01%
SUI	C	0.01%
REG	A	0.01%
BURL	B	0.01%
IRM	C	0.01%
CCL	A	0.01%
MAS	D	0.01%
STX	C	0.01%
INVH	D	0.01%
TWLO	A	0.01%
HLT	A	0.01%
HSIC	C	0.01%
RVTY	F	0.01%
CG	B	0.01%
COIN	C	0.01%
MRNA	F	0.01%
CCEP	C	0.01%
ACM	B	0.01%
HWM	A	0.01%
XYL	D	0.01%
ZM	C	0.01%
CHRD	D	0.01%
CCK	D	0.01%
AGCO	D	0.01%
ZBRA	B	0.01%
TDG	D	0.01%
BALL	F	0.01%
SSNC	B	0.01%
CPAY	A	0.01%
LKQ	F	0.01%
WFG	C	0.01%
ABNB	C	0.01%
IR	B	0.01%
SE	A	0.01%
WDC	D	0.01%
KNX	C	0.01%
HOLX	D	0.01%
BSY	F	0.01%
IQV	F	0.01%
J	D	0.01%
FNF	B	0.01%
PWR	A	0.01%
UBER	F	0.01%
CRBG	B	0.01%
VST	A	0.01%
CHRW	B	0.01%
AME	A	0.01%
MELI	C	0.01%
ON	D	0.01%
EXR	C	0.01%
ECL	D	0.01%
NOW	A	0.01%
SMCI	F	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%
SNAP	D	0.0%
PSTG	D	0.0%
FUTU	D	0.0%
HEI	A	0.0%
PINS	F	0.0%
DT	D	0.0%
DAY	B	0.0%
SNOW	B	0.0%
DOCU	B	0.0%
EXAS	D	0.0%
PODD	C	0.0%
GRAB	A	0.0%
TECH	F	0.0%
ROKU	D	0.0%
WYNN	C	0.0%
OKTA	C	0.0%
DXCM	C	0.0%
CRWD	B	0.0%
MSTR	B	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	A	0.0%
RIVN	F	0.0%
Z	A	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	C	0.0%
MSCI	C	0.0%
CSGP	D	0.0%
AXON	A	0.0%
CRL	D	0.0%
BIO	C	0.0%
TFX	F	0.0%
QRVO	F	0.0%
OTEX	F	0.0%
ANSS	B	0.0%
AMH	C	0.0%
ALGN	D	0.0%
PLTR	B	0.0%
UHAL	D	0.0%
ARES	A	0.0%
FBIN	D	0.0%

QWLD Underweight 114 Positions Relative to VCSH

Symbol	Grade	Weight
VFC	C	-0.04%
WB	D	-0.04%
ARCC	A	-0.04%
GSK	F	-0.04%
AZN	F	-0.04%
AGR	A	-0.03%
JD	D	-0.03%
HAS	D	-0.03%
MHK	D	-0.03%
DXC	B	-0.03%
WAL	B	-0.03%
CNO	B	-0.03%
SNX	D	-0.03%
PVH	C	-0.03%
JEF	A	-0.03%
EPD	A	-0.03%
MPLX	A	-0.03%
BERY	C	-0.03%
SKT	A	-0.02%
RL	C	-0.02%
THG	A	-0.02%
UNM	A	-0.02%
VNT	C	-0.02%
BKU	A	-0.02%
GBDC	D	-0.02%
BC	C	-0.02%
HP	C	-0.02%
HOG	D	-0.02%
GXO	B	-0.02%
KMPR	A	-0.02%
FRT	B	-0.02%
NNN	C	-0.02%
SF	B	-0.02%
SBRA	C	-0.02%
TSLX	C	-0.02%
VNO	C	-0.02%
BKH	A	-0.02%
COKE	C	-0.02%
BWA	D	-0.02%
BABA	D	-0.02%
AWH	F	-0.02%
GSBD	F	-0.02%
HRB	D	-0.02%
OCSL	F	-0.02%
LAZ	B	-0.02%
ORI	A	-0.02%
VOYA	B	-0.02%
OHI	C	-0.02%
IVZ	B	-0.02%
BRX	A	-0.02%
AN	C	-0.02%
CNA	C	-0.02%
FLEX	B	-0.02%
FSK	A	-0.02%
WEST	C	-0.02%
ET	A	-0.02%
AL	B	-0.02%
CM	A	-0.02%
RY	A	-0.02%
NVT	B	-0.01%
HIW	C	-0.01%
FNB	A	-0.01%
CACC	D	-0.01%
VLY	B	-0.01%
KSS	F	-0.01%
G	B	-0.01%
EPR	C	-0.01%
NEU	D	-0.01%
TKR	D	-0.01%
FAF	A	-0.01%
LEG	F	-0.01%
FMC	D	-0.01%
JHG	B	-0.01%
WHR	B	-0.01%
RNR	C	-0.01%
SNV	C	-0.01%
SLG	B	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
TME	D	-0.01%
RGA	A	-0.01%
SITC	D	-0.01%
TEL	B	-0.01%
BHP	F	-0.01%
FLS	B	-0.01%
GP	F	-0.01%
OGS	A	-0.01%
LNC	C	-0.01%
PNW	A	-0.01%
PSEC	D	-0.01%
SCCO	F	-0.01%
FHN	A	-0.01%
CUBE	C	-0.01%
MAIN	A	-0.01%
PDM	D	-0.01%
KRC	B	-0.01%
NFG	A	-0.01%
OPI	F	-0.01%
CP	F	-0.01%
AVT	C	-0.01%
AMG	B	-0.01%
ARW	D	-0.01%
UAL	A	-0.01%
WU	F	-0.01%
R	B	-0.01%
CMA	B	-0.01%
BIDU	F	-0.01%
PAA	B	-0.01%
BNS	A	-0.01%
VOD	F	-0.01%
DB	D	-0.01%
BMO	A	-0.01%
HSBC	A	-0.01%
NWG	A	-0.01%