QIDX vs QLTY

QIDXBIndexperts Quality Earnings Focused ETF

QLTYAGMO US Quality ETF

In short

QIDX An active quality fund stitched from Indexperts' own house indexes: steady-earnings names across large, mid and small caps, with a manager free to override the rules. It charges less than the typical fund in its peer group.

QLTY Most quality ETFs run a rules screen. QLTY hands the job to GMO's stock pickers, who buy US companies they judge high quality and chase plain total return. Active conviction, priced like it: 0.50% a year.

Stated mandate

QIDX The Fund seeks total return.

QLTY The Fund seeks total return. It is actively managed and invests primarily in equities of U.S. companies that GMO believes are high quality.

Why people hold it

• QIDX Charges 0.50% a year, below the median for its quality-focused peer group and about half what the priciest name in that group (EQTY, 0.99%) asks.
• Rules first, judgment second: the portfolio is drawn from Indexperts' own growth and consistent-value indexes, with the advisor free to trim or exclude.sec.gov
• Reaches across large, mid and small caps instead of hugging a handful of mega caps, and the portfolio build ranks among the stronger ones in its peer group.sec.gov
• A plain 1940 Act equity fund seeking total return, with cash paid out quarterly. No leverage, no options overlay, no derivatives wrapper to decode.

• QLTY Actively managed, not index-tracking. GMO's team chooses the US companies it considers high quality, under a straightforward total-return mandate instead of a published factor formula.
• GMO's read on quality leans toward wide moats and free cash flow, so the lineup can look meaningfully different from the index-built quality funds it sits beside.
• Opened in 2023 and already a multi-billion-dollar fund with moderate daily trading and a quarterly distribution schedule.
• The filings match the label: a standard 1940-Act fund holding US equities, screened on quality, no derivative wrapper or offshore complexity.

Worth knowing

• QIDX Listed at the end of 2024, so the track record is short and any read on its risk profile rests on limited history.
• Small and thinly traded: spreads can run wider than on giant index funds, and size of order matters more.
• You are paying 0.50% for a manager's judgment when index-built quality rivals like PSET run 0.15%.

• QLTY The 0.50% fee runs above the typical quality-cohort charge, and index-built rivals undercut it hard: QUAL at 0.15%, JQUA at 0.12%.
• No index to fall back on. Everything rides on GMO's stock selection, and the ETF's own record only starts in 2023.
• Mostly on that fee, it sits in the lower half of its US quality peer group even though it does the job its documents describe.

Full QIDX profile⁠

Full QLTY profile⁠