TOK vs. BTAL ETF Comparison

Comparison of iShares MSCI KLD 400 Social ETF (TOK) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

TOK

iShares MSCI KLD 400 Social ETF

TOK Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Kokusai Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is designed to measure equity market performance in those countries that MSCI Inc. ("MSCI") has classified as having developed economies, excluding Japan ("DEEJ").

Grade (RS Rating)

Last Trade

$119.62

Average Daily Volume

19,033

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$18.64

Average Daily Volume

432,970

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	TOK	BTAL
30 Days	2.26%	-5.43%
60 Days	3.02%	-4.90%
90 Days	4.32%	-6.61%
12 Months	28.33%	-8.61%

225 Overlapping Holdings

	Symbol	Grade	Weight in TOK	Weight in BTAL	Overlap
	ABBV	D	0.44%	0.36%	0.36%
	ACGL	D	0.05%	0.38%	0.05%
	ACN	C	0.33%	0.44%	0.33%
	ADP	B	0.18%	0.46%	0.18%
	AEE	A	0.04%	0.49%	0.04%
	AES	F	0.02%	-0.35%	-0.35%
	AIZ	A	0.02%	0.48%	0.02%
	AKAM	D	0.02%	0.36%	0.02%
	ALB	C	0.02%	-0.52%	-0.52%
	ALGN	D	0.03%	-0.43%	-0.43%
	ALL	A	0.08%	0.48%	0.08%
	ALLY	C	0.01%	-0.37%	-0.37%
	AMCR	D	0.02%	0.39%	0.02%
	AMD	F	0.34%	-0.4%	-0.4%
	AMGN	D	0.22%	0.37%	0.22%
	ANET	C	0.15%	-0.46%	-0.46%
	AON	A	0.11%	0.47%	0.11%
	ARE	D	0.03%	-0.4%	-0.4%
	AVB	B	0.05%	0.45%	0.05%
	AVGO	D	1.09%	-0.45%	-0.45%
	AWK	D	0.04%	-0.42%	-0.42%
	AXON	A	0.07%	-0.74%	-0.74%
	AZO	C	0.08%	0.33%	0.08%
	BBWI	D	0.01%	-0.44%	-0.44%
	BG	F	0.02%	0.4%	0.02%
	BKR	B	0.07%	0.53%	0.07%
	BLDR	D	0.03%	-0.44%	-0.44%
	BLK	C	0.23%	-0.54%	-0.54%
	BMRN	D	0.02%	0.29%	0.02%
	BMY	B	0.18%	0.51%	0.18%
	BRO	B	0.04%	0.47%	0.04%
	BX	A	0.2%	-0.57%	-0.57%
	BXP	D	0.02%	-0.46%	-0.46%
	CARR	D	0.09%	-0.45%	-0.45%
	CB	C	0.16%	0.45%	0.16%
	CBOE	B	0.03%	0.43%	0.03%
	CBRE	B	0.06%	-0.51%	-0.51%
	CCK	C	0.01%	0.43%	0.01%
	CCL	B	0.04%	-0.63%	-0.63%
	CE	F	0.01%	-0.24%	-0.24%
	CEG	D	0.11%	-0.52%	-0.52%
	CELH	F	0.01%	-0.29%	-0.29%
	CF	B	0.03%	0.46%	0.03%
	CFG	B	0.03%	-0.49%	-0.49%
	CG	A	0.02%	-0.55%	-0.55%
	CHD	B	0.04%	0.47%	0.04%
	CHRW	C	0.02%	0.45%	0.02%
	CI	F	0.14%	0.4%	0.14%
	CINF	A	0.03%	0.49%	0.03%
	CME	A	0.12%	0.47%	0.12%
	CMG	B	0.12%	0.45%	0.12%
	CMS	C	0.03%	0.44%	0.03%
	CNC	D	0.05%	0.32%	0.05%
	COIN	C	0.09%	-0.71%	-0.71%
	COR	B	0.07%	0.45%	0.07%
	CPB	D	0.01%	0.38%	0.01%
	CRL	C	0.01%	-0.41%	-0.41%
	CRWD	B	0.12%	-0.57%	-0.57%
	CSCO	B	0.35%	0.49%	0.35%
	CSGP	D	0.04%	-0.42%	-0.42%
	CSX	B	0.1%	0.45%	0.1%
	CTSH	B	0.05%	0.43%	0.05%
	D	C	0.07%	-0.45%	-0.45%
	DAL	C	0.01%	-0.68%	-0.68%
	DASH	A	0.08%	-0.59%	-0.59%
	DAY	B	0.02%	-0.56%	-0.56%
	DD	D	0.05%	0.43%	0.05%
	DECK	A	0.04%	0.44%	0.04%
	DELL	C	0.06%	-0.53%	-0.53%
	DGX	A	0.03%	0.45%	0.03%
	DINO	D	0.01%	-0.39%	-0.39%
	DKNG	B	0.03%	-0.53%	-0.53%
	DKS	C	0.02%	-0.37%	-0.37%
	DRI	B	0.03%	0.46%	0.03%
	DUK	C	0.13%	0.43%	0.13%
	DVN	F	0.04%	0.37%	0.04%
	ED	D	0.05%	0.42%	0.05%
	EFX	F	0.04%	-0.35%	-0.35%
	EG	C	0.03%	0.42%	0.03%
	EL	F	0.02%	-0.31%	-0.31%
	ELS	C	0.02%	0.43%	0.02%
	ELV	F	0.14%	0.33%	0.14%
	ENPH	F	0.01%	-0.23%	-0.23%
	EQR	B	0.04%	0.44%	0.04%
	EQT	B	0.04%	-0.59%	-0.59%
	ERIE	D	0.01%	0.38%	0.01%
	ETN	A	0.22%	-0.52%	-0.52%
	EW	C	0.06%	-0.44%	-0.44%
	EXPE	B	0.03%	-0.56%	-0.56%
	F	C	0.06%	-0.44%	-0.44%
	FANG	D	0.05%	0.39%	0.05%
	FBIN	D	0.01%	-0.41%	-0.41%
	FCX	D	0.1%	-0.42%	-0.42%
	FFIV	B	0.02%	0.52%	0.02%
	FOXA	B	0.02%	0.48%	0.02%
	FTNT	C	0.09%	0.52%	0.09%
	GD	F	0.1%	0.41%	0.1%
	GILD	C	0.17%	0.49%	0.17%
	GIS	D	0.05%	0.38%	0.05%
	GLPI	C	0.02%	0.42%	0.02%
	GLW	B	0.06%	0.47%	0.06%
	GPC	D	0.03%	0.37%	0.03%
	HEI	B	0.02%	0.47%	0.02%
	HEI	B	0.03%	0.47%	0.03%
	HIG	B	0.05%	0.45%	0.05%
	HON	B	0.22%	0.47%	0.22%
	HOOD	B	0.03%	-0.72%	-0.72%
	HPQ	B	0.05%	0.45%	0.05%
	HUM	C	0.05%	0.34%	0.05%
	IBM	C	0.29%	0.45%	0.29%
	IDXX	F	0.05%	-0.39%	-0.39%
	ILMN	D	0.03%	-0.43%	-0.43%
	INTC	D	0.16%	-0.54%	-0.54%
	IOT	A	0.02%	-0.52%	-0.52%
	J	F	0.02%	0.41%	0.02%
	JNJ	D	0.55%	0.42%	0.42%
	JNPR	F	0.02%	0.39%	0.02%
	KHC	F	0.04%	0.38%	0.04%
	KKR	A	0.14%	-0.55%	-0.55%
	KMI	A	0.08%	0.56%	0.08%
	KMX	B	0.02%	-0.4%	-0.4%
	KO	D	0.38%	0.37%	0.37%
	KR	B	0.06%	0.47%	0.06%
	L	A	0.02%	0.45%	0.02%
	LMT	D	0.17%	0.38%	0.17%
	LNG	B	0.07%	0.51%	0.07%
	LNT	A	0.02%	0.46%	0.02%
	LPLA	A	0.04%	0.59%	0.04%
	LRCX	F	0.14%	-0.36%	-0.36%
	LULU	C	0.05%	0.48%	0.05%
	LYV	A	0.03%	-0.62%	-0.62%
	MCD	D	0.31%	0.42%	0.31%
	MCK	B	0.12%	0.51%	0.12%
	MDB	C	0.03%	-0.53%	-0.53%
	MGM	D	0.01%	-0.43%	-0.43%
	MKC	D	0.03%	0.41%	0.03%
	MKL	A	0.03%	0.53%	0.03%
	MMC	B	0.16%	0.42%	0.16%
	MOH	F	0.02%	0.36%	0.02%
	MOS	F	0.01%	0.38%	0.01%
	MPWR	F	0.04%	-0.24%	-0.24%
	MRNA	F	0.02%	-0.22%	-0.22%
	MRVL	B	0.12%	-0.56%	-0.56%
	MSFT	F	4.42%	0.43%	0.43%
	MSI	B	0.12%	0.51%	0.12%
	MSTR	C	0.1%	1.19%	0.1%
	MTCH	D	0.01%	0.35%	0.01%
	MU	D	0.16%	-0.43%	-0.43%
	NEM	D	0.07%	0.35%	0.07%
	NET	B	0.05%	-0.5%	-0.5%
	NOC	D	0.1%	0.4%	0.1%
	NRG	B	0.03%	-0.49%	-0.49%
	NTRS	A	0.03%	-0.54%	-0.54%
	NVDA	C	5.42%	-0.48%	-0.48%
	O	D	0.07%	0.39%	0.07%
	OC	A	0.03%	-0.46%	-0.46%
	ON	D	0.04%	0.38%	0.04%
	ORLY	B	0.11%	0.5%	0.11%
	OXY	D	0.05%	0.38%	0.05%
	PAYC	B	0.02%	0.59%	0.02%
	PAYX	C	0.07%	0.47%	0.07%
	PCAR	B	0.09%	0.51%	0.09%
	PFE	D	0.21%	0.37%	0.21%
	PGR	A	0.22%	0.45%	0.22%
	PINS	D	0.03%	-0.4%	-0.4%
	PKG	A	0.03%	0.49%	0.03%
	PLD	D	0.16%	-0.39%	-0.39%
	PLTR	B	0.19%	-0.87%	-0.87%
	PODD	C	0.03%	-0.59%	-0.59%
	PWR	A	0.07%	-0.51%	-0.51%
	PYPL	B	0.12%	-0.52%	-0.52%
	RBLX	C	0.04%	-0.51%	-0.51%
	REG	B	0.02%	0.45%	0.02%
	RF	A	0.04%	-0.5%	-0.5%
	RIVN	F	0.01%	-0.3%	-0.3%
	RMD	C	0.05%	-0.45%	-0.45%
	ROKU	D	0.01%	-0.47%	-0.47%
	ROP	B	0.09%	0.45%	0.09%
	RSG	A	0.07%	0.43%	0.07%
	RTX	C	0.24%	0.43%	0.24%
	SCHW	B	0.18%	-0.56%	-0.56%
	SHW	A	0.14%	-0.47%	-0.47%
	SMCI	F	0.02%	-0.18%	-0.18%
	SNA	A	0.03%	0.55%	0.03%
	SNAP	C	0.02%	-0.49%	-0.49%
	SQ	B	0.07%	-0.6%	-0.6%
	T	A	0.24%	0.5%	0.24%
	TDY	B	0.03%	0.48%	0.03%
	TER	D	0.02%	-0.33%	-0.33%
	TFX	F	0.01%	-0.36%	-0.36%
	TGT	F	0.11%	-0.44%	-0.44%
	TJX	A	0.2%	0.43%	0.2%
	TMUS	B	0.19%	0.49%	0.19%
	TOST	B	0.02%	-0.71%	-0.71%
	TROW	B	0.04%	-0.48%	-0.48%
	TRU	D	0.03%	-0.44%	-0.44%
	TRV	B	0.09%	0.52%	0.09%
	TSLA	B	1.49%	-0.7%	-0.7%
	TT	A	0.14%	-0.51%	-0.51%
	TTD	B	0.08%	-0.5%	-0.5%
	TXT	D	0.02%	0.4%	0.02%
	UBER	D	0.2%	-0.42%	-0.42%
	UNH	C	0.8%	0.43%	0.43%
	URI	B	0.08%	-0.52%	-0.52%
	USB	A	0.12%	-0.49%	-0.49%
	UTHR	C	0.02%	0.45%	0.02%
	VEEV	C	0.05%	-0.46%	-0.46%
	VICI	C	0.05%	0.42%	0.05%
	VRSN	F	0.02%	0.43%	0.02%
	VRT	B	0.08%	-0.67%	-0.67%
	VST	B	0.08%	-0.76%	-0.76%
	VTRS	A	0.02%	0.48%	0.02%
	VZ	C	0.26%	0.44%	0.26%
	WBA	F	0.01%	-0.4%	-0.4%
	WEC	A	0.05%	0.46%	0.05%
	WELL	A	0.12%	0.5%	0.12%
	WM	A	0.13%	0.45%	0.13%
	WPC	D	0.02%	0.41%	0.02%
	WRB	A	0.03%	0.45%	0.03%
	WTW	B	0.05%	0.45%	0.05%
	XEL	A	0.06%	0.5%	0.06%
	XOM	B	0.79%	0.44%	0.44%
	YUM	B	0.05%	0.43%	0.05%
	Z	A	0.02%	-0.56%	-0.56%
	ZS	C	0.03%	-0.46%	-0.46%

TOK Overweight 366 Positions Relative to BTAL

	Symbol	Grade	Weight
	AAPL	C	4.98%
	AMZN	C	2.87%
	META	D	1.84%
	GOOGL	C	1.57%
	GOOG	C	1.36%
	JPM	A	1.05%
	BRK.A	B	0.93%
	LLY	F	0.88%
	V	A	0.74%
	MA	C	0.65%
	COST	B	0.62%
	HD	A	0.6%
	PG	A	0.6%
	WMT	A	0.57%
	NFLX	A	0.56%
	BAC	A	0.49%
	ORCL	B	0.47%
	CRM	B	0.47%
	CVX	A	0.42%
	WFC	A	0.38%
	MRK	F	0.37%
	ADBE	C	0.33%
	LIN	D	0.32%
	PEP	F	0.32%
	ABT	B	0.31%
	DIS	B	0.31%
	NOW	A	0.31%
	PM	B	0.3%
	ISRG	A	0.29%
	GE	D	0.29%
	TMO	F	0.29%
	QCOM	F	0.28%
	CAT	B	0.28%
	GS	A	0.28%
	INTU	C	0.27%
	TXN	C	0.27%
	BKNG	A	0.26%
	AXP	A	0.25%
	CMCSA	B	0.25%
	NEE	D	0.24%
	SPGI	C	0.24%
	MS	A	0.24%
	DHR	F	0.23%
	LOW	D	0.22%
	AMAT	F	0.21%
	UNP	C	0.21%
	C	A	0.2%
	SYK	C	0.2%
	COP	C	0.2%
	BSX	B	0.2%
	PANW	C	0.19%
	FI	A	0.19%
	SBUX	A	0.17%
	VRTX	F	0.17%
	ADI	D	0.16%
	DE	A	0.16%
	BA	F	0.16%
	MDT	D	0.16%
	SO	D	0.15%
	GEV	B	0.14%
	AMT	D	0.14%
	MO	A	0.14%
	UPS	C	0.14%
	KLAC	D	0.13%
	APH	A	0.13%
	MDLZ	F	0.13%
	EQIX	A	0.13%
	MELI	D	0.13%
	NKE	D	0.13%
	PH	A	0.13%
	ICE	C	0.13%
	EOG	A	0.12%
	CTAS	B	0.12%
	ITW	B	0.12%
	REGN	F	0.12%
	ZTS	D	0.12%
	SNPS	B	0.12%
	PNC	B	0.12%
	CDNS	B	0.12%
	MMM	D	0.11%
	CL	D	0.11%
	APD	A	0.11%
	EMR	A	0.11%
	MCO	B	0.11%
	TFC	A	0.1%
	GM	B	0.1%
	HLT	A	0.1%
	ADSK	A	0.1%
	BDX	F	0.1%
	OKE	A	0.1%
	HCA	F	0.1%
	APP	B	0.1%
	MAR	B	0.1%
	FDX	B	0.1%
	APO	B	0.1%
	CVS	D	0.1%
	CRH	A	0.1%
	TDG	D	0.1%
	WMB	A	0.1%
	COF	B	0.1%
	PSX	C	0.09%
	MPC	D	0.09%
	NSC	B	0.09%
	RCL	A	0.09%
	ABNB	C	0.09%
	AMP	A	0.09%
	SRE	A	0.09%
	BK	A	0.09%
	AFL	B	0.09%
	SPG	B	0.09%
	SLB	C	0.09%
	DLR	B	0.09%
	ECL	D	0.09%
	AJG	B	0.09%
	AIG	B	0.08%
	CMI	A	0.08%
	GWW	B	0.08%
	WDAY	B	0.08%
	PSA	D	0.08%
	JCI	C	0.08%
	NXPI	D	0.08%
	FICO	B	0.08%
	HWM	A	0.07%
	AME	A	0.07%
	CCI	D	0.07%
	KVUE	A	0.07%
	PEG	A	0.07%
	FLUT	A	0.07%
	KMB	D	0.07%
	VLO	C	0.07%
	TEL	B	0.07%
	PRU	A	0.07%
	ROST	C	0.07%
	FAST	B	0.07%
	LHX	C	0.07%
	MSCI	C	0.07%
	WCN	A	0.07%
	CPRT	A	0.07%
	FIS	C	0.07%
	DHI	D	0.07%
	MET	A	0.07%
	AEP	D	0.07%
	CHTR	C	0.06%
	MNST	C	0.06%
	SNOW	C	0.06%
	STZ	D	0.06%
	VRSK	A	0.06%
	CTVA	C	0.06%
	FERG	B	0.06%
	TEAM	A	0.06%
	EXC	C	0.06%
	HES	B	0.06%
	LEN	D	0.06%
	IT	C	0.06%
	ODFL	B	0.06%
	OTIS	C	0.06%
	IR	B	0.06%
	PCG	A	0.06%
	EA	A	0.06%
	TRGP	B	0.06%
	DFS	B	0.06%
	FITB	A	0.05%
	TSCO	D	0.05%
	ALNY	D	0.05%
	DOW	F	0.05%
	RJF	A	0.05%
	EBAY	D	0.05%
	ARES	A	0.05%
	GRMN	B	0.05%
	ROK	B	0.05%
	ETR	B	0.05%
	KDP	D	0.05%
	EIX	B	0.05%
	HUBS	A	0.05%
	IQV	D	0.05%
	NUE	C	0.05%
	MTB	A	0.05%
	EXR	D	0.05%
	WAB	B	0.05%
	NDAQ	A	0.05%
	IRM	D	0.05%
	MCHP	D	0.05%
	GEHC	F	0.05%
	A	D	0.05%
	MLM	B	0.05%
	SYY	B	0.05%
	VMC	B	0.05%
	DDOG	A	0.05%
	PTC	A	0.04%
	CDW	F	0.04%
	NTAP	C	0.04%
	FE	C	0.04%
	EME	C	0.04%
	PPL	B	0.04%
	MTD	D	0.04%
	SYF	B	0.04%
	DTE	C	0.04%
	TYL	B	0.04%
	HSY	F	0.04%
	HBAN	A	0.04%
	FTV	C	0.04%
	VTR	C	0.04%
	ADM	D	0.04%
	DOV	A	0.04%
	HAL	C	0.04%
	VLTO	D	0.04%
	KEYS	A	0.04%
	GDDY	A	0.04%
	BR	A	0.04%
	CPAY	A	0.04%
	SW	A	0.04%
	PHM	D	0.04%
	TPL	A	0.04%
	STT	A	0.04%
	PPG	F	0.04%
	CAH	B	0.04%
	HPE	B	0.04%
	NVR	D	0.04%
	GPN	B	0.04%
	DXCM	D	0.04%
	ANSS	B	0.04%
	TTWO	A	0.04%
	XYL	D	0.04%
	MANH	D	0.03%
	MAS	D	0.03%
	SUI	D	0.03%
	BBY	D	0.03%
	NI	A	0.03%
	FNF	B	0.03%
	TSN	B	0.03%
	PNR	A	0.03%
	MAA	B	0.03%
	KIM	A	0.03%
	EXPD	D	0.03%
	GEN	B	0.03%
	TRMB	B	0.03%
	RPM	A	0.03%
	FDS	B	0.03%
	MRO	B	0.03%
	IEX	B	0.03%
	RS	B	0.03%
	DOCU	A	0.03%
	WSO	A	0.03%
	OMC	C	0.03%
	KEY	B	0.03%
	ESS	B	0.03%
	ZBRA	B	0.03%
	BURL	A	0.03%
	BALL	D	0.03%
	BAH	F	0.03%
	CNP	B	0.03%
	LVS	C	0.03%
	HOLX	D	0.03%
	LDOS	C	0.03%
	PFG	D	0.03%
	EXE	B	0.03%
	FSLR	F	0.03%
	CTRA	B	0.03%
	IP	B	0.03%
	CLX	B	0.03%
	ZM	B	0.03%
	COO	D	0.03%
	STX	D	0.03%
	WDC	D	0.03%
	WAT	B	0.03%
	STE	F	0.03%
	LII	A	0.03%
	LH	C	0.03%
	STLD	B	0.03%
	IFF	D	0.03%
	INVH	D	0.03%
	ES	D	0.03%
	ZBH	C	0.03%
	LYB	F	0.03%
	WBD	C	0.03%
	WST	C	0.03%
	BIIB	F	0.03%
	FCNCA	A	0.03%
	CSL	C	0.03%
	ATO	A	0.03%
	HUBB	B	0.03%
	SBAC	D	0.03%
	WY	D	0.03%
	K	A	0.03%
	EXAS	D	0.02%
	IPG	D	0.02%
	WTRG	B	0.02%
	RPRX	D	0.02%
	LW	C	0.02%
	TECH	D	0.02%
	CNH	C	0.02%
	NBIX	C	0.02%
	NWSA	B	0.02%
	EMN	D	0.02%
	OVV	B	0.02%
	TAP	C	0.02%
	AMH	D	0.02%
	JKHY	D	0.02%
	SJM	D	0.02%
	UHS	D	0.02%
	INCY	C	0.02%
	CPT	B	0.02%
	CAG	D	0.02%
	OKTA	C	0.02%
	HST	C	0.02%
	ALLE	D	0.02%
	EPAM	C	0.02%
	NDSN	B	0.02%
	SWK	D	0.02%
	DLTR	F	0.02%
	AVTR	F	0.02%
	APTV	D	0.02%
	DT	C	0.02%
	UDR	B	0.02%
	POOL	C	0.02%
	ACM	A	0.02%
	SWKS	F	0.02%
	RVTY	F	0.02%
	JBHT	C	0.02%
	GGG	B	0.02%
	TW	A	0.02%
	EQH	B	0.02%
	EVRG	A	0.02%
	ROL	B	0.02%
	DOC	D	0.02%
	DPZ	C	0.02%
	ENTG	D	0.02%
	PSTG	D	0.02%
	AVY	D	0.02%
	DG	F	0.02%
	SSNC	B	0.02%
	FWONK	B	0.02%
	ULTA	F	0.02%
	BAX	D	0.02%
	WSM	B	0.02%
	JBL	B	0.02%
	TWLO	A	0.02%
	WLK	D	0.01%
	PARA	C	0.01%
	LUV	C	0.01%
	UHAL	D	0.01%
	QRVO	F	0.01%
	BEN	C	0.01%
	FOX	A	0.01%
	AZPN	A	0.01%
	H	B	0.01%
	ACI	C	0.01%
	BIO	D	0.01%
	BSY	D	0.01%
	SEIC	B	0.01%
	AOS	F	0.01%
	CHRD	D	0.01%
	TTC	D	0.01%
	HII	D	0.01%
	HRL	D	0.01%
	WYNN	D	0.01%
	HSIC	B	0.01%
	DVA	B	0.01%
	APA	D	0.01%
	NLY	C	0.01%
	SOLV	C	0.01%
	LKQ	D	0.01%
	CTLT	B	0.01%
	AFG	A	0.01%
	MKTX	D	0.01%
	KNX	B	0.01%

TOK Underweight 168 Positions Relative to BTAL

	Symbol	Grade	Weight
	BILL	A	-0.68%
	IBKR	A	-0.62%
	SFM	A	-0.6%
	HQY	B	-0.58%
	UNM	A	-0.57%
	ALSN	B	-0.56%
	CFLT	B	-0.56%
	NWL	B	-0.54%
	PCTY	B	-0.53%
	WH	B	-0.53%
	BWXT	B	-0.53%
	TGNA	B	-0.53%
	TXRH	C	-0.51%
	RLI	B	-0.51%
	THG	A	-0.51%
	CHH	A	-0.5%
	PNM	F	-0.5%
	G	B	-0.49%
	VFC	C	-0.48%
	SIGI	C	-0.48%
	RGA	A	-0.48%
	AXS	A	-0.48%
	SBRA	C	-0.47%
	DBX	B	-0.47%
	CW	B	-0.47%
	RYAN	B	-0.47%
	EDR	A	-0.46%
	WEN	D	-0.46%
	SLGN	A	-0.46%
	RNR	C	-0.46%
	ORI	A	-0.46%
	ARMK	B	-0.45%
	ADC	B	-0.45%
	PNW	B	-0.45%
	JAZZ	B	-0.44%
	BWA	D	-0.44%
	CDP	C	-0.44%
	NEU	C	-0.44%
	DOX	D	-0.43%
	DLB	B	-0.43%
	CLH	B	-0.43%
	ZI	D	-0.43%
	MUSA	A	-0.43%
	X	C	-0.43%
	OHI	C	-0.43%
	MSM	C	-0.43%
	COLM	B	-0.43%
	FLO	D	-0.42%
	AVT	C	-0.42%
	CACI	D	-0.42%
	CXT	B	-0.42%
	HRB	D	-0.41%
	SNX	C	-0.41%
	OLLI	D	-0.41%
	PAG	B	-0.41%
	SAIC	F	-0.4%
	CHE	D	-0.4%
	MSA	D	-0.4%
	ASGN	F	-0.39%
	WTM	A	-0.39%
	FCN	D	-0.38%
	FMC	D	-0.37%
	MAN	D	-0.37%
	KBR	F	-0.37%
	ARW	D	-0.37%
	TNET	D	-0.37%
	MUR	D	-0.37%
	ST	F	-0.36%
	FOXF	F	-0.35%
	MDU	D	-0.32%
	SRPT	D	-0.32%
	AGL	F	-0.16%
	SEDG	F	--0.19%
	RUN	F	--0.21%
	CNXC	F	--0.23%
	WOLF	F	--0.25%
	TXG	F	--0.26%
	NTLA	F	--0.27%
	RKT	F	--0.29%
	OPEN	D	--0.3%
	BRZE	C	--0.33%
	COTY	F	--0.33%
	AMKR	D	--0.34%
	ELF	C	--0.35%
	SHLS	F	--0.35%
	ARWR	F	--0.35%
	WMS	D	--0.37%
	RGEN	D	--0.37%
	NVCR	C	--0.38%
	RIG	D	--0.38%
	CNM	D	--0.38%
	KSS	F	--0.39%
	ELAN	D	--0.39%
	FND	C	--0.4%
	MKSI	C	--0.4%
	BLD	D	--0.4%
	ROIV	C	--0.41%
	AGNC	D	--0.41%
	W	F	--0.41%
	POWI	D	--0.41%
	DNLI	D	--0.42%
	CHX	C	--0.42%
	CZR	F	--0.42%
	CWEN	C	--0.42%
	CC	C	--0.43%
	CRSP	D	--0.43%
	PATH	C	--0.43%
	SSD	D	--0.43%
	SEE	C	--0.44%
	THO	B	--0.44%
	UGI	A	--0.44%
	RYN	D	--0.44%
	APG	B	--0.44%
	TREX	C	--0.45%
	NWE	B	--0.45%
	DAR	C	--0.45%
	MTDR	B	--0.45%
	SMG	D	--0.46%
	LAMR	D	--0.46%
	KRC	C	--0.46%
	JLL	D	--0.46%
	PENN	C	--0.46%
	TOL	B	--0.47%
	HHH	B	--0.47%
	LNC	B	--0.48%
	AXTA	A	--0.49%
	OZK	B	--0.49%
	USFD	A	--0.49%
	PFGC	B	--0.49%
	ITT	A	--0.49%
	WAL	B	--0.49%
	GH	B	--0.49%
	NVT	B	--0.49%
	CAR	C	--0.51%
	RMBS	C	--0.51%
	GNRC	B	--0.51%
	RRC	B	--0.51%
	LPX	B	--0.52%
	COHR	B	--0.52%
	PEN	B	--0.52%
	VNO	B	--0.52%
	ZION	B	--0.53%
	AR	B	--0.53%
	JHG	A	--0.53%
	EXP	A	--0.53%
	RH	B	--0.53%
	FYBR	D	--0.53%
	SNV	B	--0.54%
	FOUR	B	--0.54%
	XPO	B	--0.54%
	CMA	A	--0.54%
	PNFP	B	--0.55%
	WCC	B	--0.55%
	AA	B	--0.56%
	GME	C	--0.56%
	TDOC	C	--0.56%
	NTRA	B	--0.56%
	GTLS	B	--0.58%
	OWL	A	--0.58%
	TPG	A	--0.58%
	SAIA	B	--0.59%
	LITE	B	--0.62%
	DUOL	A	--0.63%
	LYFT	C	--0.65%
	CVNA	B	--0.68%
	PTON	B	--0.69%
	SOFI	A	--0.79%
	AFRM	B	--0.84%

TOK: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Telecommunications Aerospace Real Estate Investment Trust Medicine Bank Semiconductor Cloud Computing Banking Mining IBD 50 Insurance Products

BTAL: Top Represented Industries & Keywords

Industries: Software - Application Insurance - Property & Casualty Software - Infrastructure Biotechnology Semiconductors Utilities - Regulated Electric Asset Management Banks - Regional - US Specialty Retail Aerospace & Defense Business Services Oil & Gas E&P Building Materials Information Technology Services Restaurants Diagnostics & Research Drug Manufacturers - Major Health Care Plans Diversified Industrials Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Computing Insurance Products Electricity Real Estate Investment Trust Aerospace Chemical IBD 50 Semiconductor Telecommunications Banking Cloud Computing Dow Jones Component Electronics Biotechnology Medicine Bank