PBP vs. BBUS ETF Comparison

Comparison of PowerShares S&P 500 BuyWrite Portfolio (PBP) to JPMorgan BetaBuilders U.S. Equity ETF (BBUS)

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$22.85

Average Daily Volume

19,052

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$104.27

Average Daily Volume

135,886

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	PBP	BBUS
30 Days	0.92%	0.82%
60 Days	4.30%	7.29%
90 Days	10.61%	11.85%
12 Months	17.73%	34.65%

472 Overlapping Holdings

	Symbol	Grade	Weight in PBP	Weight in BBUS	Overlap
	A	C	0.08%	0.08%	0.08%
	AAPL	C	7.16%	6.56%	6.56%
	ABBV	B	0.75%	0.66%	0.66%
	ABNB	C	0.12%	0.11%	0.11%
	ABT	B	0.41%	0.39%	0.39%
	ACGL	F	0.08%	0.08%	0.08%
	ACN	C	0.45%	0.45%	0.45%
	ADBE	D	0.44%	0.42%	0.42%
	ADI	C	0.23%	0.23%	0.23%
	ADM	F	0.06%	0.05%	0.05%
	ADP	A	0.25%	0.23%	0.23%
	ADSK	A	0.13%	0.12%	0.12%
	AEE	A	0.05%	0.05%	0.05%
	AEP	D	0.11%	0.1%	0.1%
	AES	F	0.02%	0.02%	0.02%
	AFL	D	0.11%	0.11%	0.11%
	AIG	B	0.1%	0.1%	0.1%
	AJG	D	0.13%	0.12%	0.12%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.02%	0.02%	0.02%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	D	0.1%	0.1%	0.1%
	ALLE	D	0.03%	0.02%	0.02%
	AMAT	F	0.31%	0.31%	0.31%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.49%	0.5%	0.49%
	AME	A	0.09%	0.08%	0.08%
	AMGN	D	0.36%	0.34%	0.34%
	AMP	A	0.1%	0.1%	0.1%
	AMT	D	0.21%	0.21%	0.21%
	AMZN	A	3.63%	3.52%	3.52%
	ANET	B	0.21%	0.2%	0.2%
	ANSS	C	0.06%	0.06%	0.06%
	AON	B	0.17%	0.16%	0.16%
	APA	F	0.02%	0.02%	0.02%
	APD	B	0.14%	0.14%	0.14%
	APH	A	0.17%	0.16%	0.16%
	APTV	F	0.03%	0.03%	0.03%
	ARE	D	0.04%	0.03%	0.03%
	ATO	B	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.06%	0.06%
	AVGO	B	1.65%	1.56%	1.56%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.06%	0.05%	0.05%
	AXON	B	0.06%	0.06%	0.06%
	AXP	B	0.32%	0.3%	0.3%
	AZO	D	0.1%	0.11%	0.1%
	BA	F	0.23%	0.19%	0.19%
	BAC	B	0.59%	0.56%	0.56%
	BALL	F	0.04%	0.04%	0.04%
	BAX	D	0.04%	0.04%	0.04%
	BBY	D	0.04%	0.04%	0.04%
	BDX	D	0.14%	0.14%	0.14%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.05%	0.05%	0.05%
	BK	A	0.12%	0.11%	0.11%
	BKNG	A	0.33%	0.29%	0.29%
	BKR	A	0.08%	0.07%	0.07%
	BLDR	D	0.04%	0.04%	0.04%
	BMY	A	0.24%	0.21%	0.21%
	BR	B	0.05%	0.05%	0.05%
	BRK.A	D	1.72%	1.62%	1.62%
	BRO	A	0.05%	0.05%	0.05%
	BSX	B	0.26%	0.25%	0.25%
	BX	B	0.25%	0.24%	0.24%
	BXP	B	0.02%	0.03%	0.02%
	C	B	0.26%	0.23%	0.23%
	CAG	D	0.03%	0.03%	0.03%
	CAH	C	0.06%	0.05%	0.05%
	CARR	D	0.13%	0.12%	0.12%
	CAT	B	0.38%	0.37%	0.37%
	CB	D	0.22%	0.21%	0.21%
	CBRE	A	0.08%	0.08%	0.08%
	CCI	D	0.1%	0.09%	0.09%
	CCL	B	0.05%	0.04%	0.04%
	CDNS	B	0.16%	0.14%	0.14%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.03%	0.03%	0.03%
	CEG	C	0.17%	0.16%	0.16%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	C	0.05%	0.05%	0.05%
	CHTR	B	0.07%	0.07%	0.07%
	CI	D	0.18%	0.17%	0.17%
	CINF	B	0.05%	0.04%	0.04%
	CL	D	0.16%	0.15%	0.15%
	CLX	C	0.04%	0.04%	0.04%
	CMCSA	B	0.35%	0.32%	0.32%
	CME	B	0.17%	0.16%	0.16%
	CMG	D	0.16%	0.16%	0.16%
	CMI	A	0.09%	0.09%	0.09%
	CMS	C	0.04%	0.04%	0.04%
	CNC	D	0.07%	0.07%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	A	0.13%	0.12%	0.12%
	COP	D	0.27%	0.24%	0.24%
	COR	B	0.08%	0.08%	0.08%
	COST	C	0.81%	0.78%	0.78%
	CPAY	B	0.05%	0.05%	0.05%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	D	0.09%	0.09%	0.09%
	CPT	D	0.03%	0.02%	0.02%
	CRL	F	0.02%	0.02%	0.02%
	CRM	B	0.59%	0.53%	0.53%
	CRWD	C	0.14%	0.14%	0.14%
	CSCO	A	0.46%	0.44%	0.44%
	CSGP	D	0.06%	0.06%	0.06%
	CSX	D	0.14%	0.13%	0.13%
	CTAS	B	0.15%	0.14%	0.14%
	CTRA	F	0.04%	0.04%	0.04%
	CTSH	D	0.08%	0.07%	0.07%
	CTVA	A	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.14%	0.14%
	CVX	B	0.53%	0.51%	0.51%
	D	B	0.1%	0.1%	0.1%
	DAL	A	0.08%	0.07%	0.07%
	DAY	A	0.02%	0.02%	0.02%
	DD	C	0.07%	0.07%	0.07%
	DE	C	0.22%	0.2%	0.2%
	DECK	B	0.05%	0.05%	0.05%
	DELL	B	0.07%	0.06%	0.06%
	DFS	B	0.08%	0.07%	0.07%
	DG	F	0.04%	0.03%	0.03%
	DGX	B	0.04%	0.03%	0.03%
	DHI	D	0.1%	0.11%	0.1%
	DHR	D	0.33%	0.31%	0.31%
	DIS	C	0.36%	0.34%	0.34%
	DLR	B	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	A	0.03%	0.03%	0.03%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.07%	0.07%	0.07%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.19%	0.18%	0.18%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	D	0.06%	0.06%	0.06%
	EA	A	0.08%	0.07%	0.07%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.13%	0.13%	0.13%
	ED	D	0.07%	0.07%	0.07%
	EFX	D	0.07%	0.07%	0.07%
	EG	F	0.03%	0.03%	0.03%
	EIX	D	0.07%	0.06%	0.06%
	EL	F	0.03%	0.04%	0.03%
	ELV	F	0.2%	0.2%	0.2%
	EMN	D	0.03%	0.02%	0.02%
	EMR	A	0.13%	0.12%	0.12%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	F	0.14%	0.14%	0.14%
	EPAM	F	0.02%	0.02%	0.02%
	EQIX	B	0.18%	0.17%	0.17%
	EQR	D	0.05%	0.05%	0.05%
	EQT	B	0.05%	0.04%	0.04%
	ES	D	0.05%	0.05%	0.05%
	ESS	D	0.04%	0.04%	0.04%
	ETN	B	0.28%	0.27%	0.27%
	ETR	B	0.07%	0.06%	0.06%
	EVRG	B	0.03%	0.03%	0.03%
	EW	D	0.08%	0.08%	0.08%
	EXC	D	0.08%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	A	0.04%	0.04%	0.04%
	EXR	D	0.07%	0.07%	0.07%
	F	F	0.08%	0.09%	0.08%
	FANG	F	0.07%	0.06%	0.06%
	FAST	A	0.09%	0.09%	0.09%
	FCX	B	0.13%	0.13%	0.13%
	FDS	B	0.04%	0.03%	0.03%
	FDX	D	0.13%	0.12%	0.12%
	FE	D	0.04%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.24%	0.23%	0.23%
	FICO	B	0.1%	0.1%	0.1%
	FIS	B	0.1%	0.1%	0.1%
	FITB	B	0.06%	0.06%	0.06%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	D	0.04%	0.04%	0.04%
	FTNT	C	0.1%	0.1%	0.1%
	FTV	F	0.05%	0.05%	0.05%
	GD	D	0.16%	0.15%	0.15%
	GDDY	B	0.05%	0.04%	0.04%
	GE	D	0.39%	0.38%	0.38%
	GEHC	D	0.08%	0.07%	0.07%
	GEN	B	0.03%	0.03%	0.03%
	GEV	A	0.17%	0.16%	0.16%
	GILD	A	0.23%	0.22%	0.22%
	GIS	D	0.08%	0.08%	0.08%
	GLW	B	0.08%	0.07%	0.07%
	GM	A	0.12%	0.12%	0.12%
	GOOG	B	1.73%	1.72%	1.72%
	GOOGL	B	2.09%	1.92%	1.92%
	GPC	F	0.03%	0.03%	0.03%
	GPN	D	0.06%	0.05%	0.05%
	GRMN	A	0.06%	0.05%	0.05%
	GS	B	0.34%	0.33%	0.33%
	GWW	A	0.1%	0.1%	0.1%
	HAL	F	0.05%	0.05%	0.05%
	HBAN	B	0.05%	0.04%	0.04%
	HCA	D	0.14%	0.13%	0.13%
	HD	B	0.81%	0.78%	0.78%
	HES	C	0.08%	0.08%	0.08%
	HIG	D	0.07%	0.07%	0.07%
	HII	F	0.02%	0.02%	0.02%
	HLT	B	0.12%	0.11%	0.11%
	HOLX	C	0.04%	0.04%	0.04%
	HON	B	0.28%	0.27%	0.27%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.03%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	F	0.06%	0.06%	0.06%
	HWM	B	0.09%	0.08%	0.08%
	IBM	D	0.4%	0.39%	0.39%
	ICE	C	0.19%	0.19%	0.19%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.05%	0.05%	0.05%
	INCY	A	0.02%	0.02%	0.02%
	INTC	C	0.19%	0.19%	0.19%
	INTU	D	0.36%	0.34%	0.34%
	INVH	F	0.04%	0.04%	0.04%
	IP	A	0.04%	0.03%	0.03%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.07%	0.08%	0.07%
	IR	B	0.08%	0.08%	0.08%
	IRM	B	0.08%	0.07%	0.07%
	ISRG	A	0.37%	0.36%	0.36%
	IT	B	0.08%	0.08%	0.08%
	ITW	A	0.15%	0.15%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	B	0.03%	0.03%	0.03%
	JCI	B	0.11%	0.1%	0.1%
	JKHY	A	0.03%	0.03%	0.03%
	JNJ	D	0.8%	0.77%	0.77%
	JNPR	A	0.03%	0.03%	0.03%
	JPM	B	1.32%	1.25%	1.25%
	K	A	0.05%	0.04%	0.04%
	KDP	F	0.07%	0.07%	0.07%
	KEY	B	0.03%	0.03%	0.03%
	KEYS	C	0.05%	0.05%	0.05%
	KHC	F	0.06%	0.06%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	B	0.19%	0.18%	0.18%
	KLAC	F	0.19%	0.18%	0.18%
	KMB	D	0.09%	0.09%	0.09%
	KMI	A	0.1%	0.1%	0.1%
	KMX	D	0.02%	0.02%	0.02%
	KO	D	0.53%	0.52%	0.52%
	KR	A	0.08%	0.08%	0.08%
	KVUE	A	0.09%	0.08%	0.08%
	L	D	0.03%	0.03%	0.03%
	LDOS	A	0.05%	0.04%	0.04%
	LEN	D	0.09%	0.0%	0.0%
	LEN	D	0.09%	0.08%	0.08%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.1%	0.09%	0.09%
	LIN	D	0.46%	0.45%	0.45%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	F	1.36%	1.5%	1.36%
	LMT	D	0.24%	0.24%	0.24%
	LNT	C	0.03%	0.03%	0.03%
	LOW	B	0.31%	0.3%	0.3%
	LRCX	F	0.2%	0.2%	0.2%
	LULU	C	0.07%	0.07%	0.07%
	LUV	B	0.04%	0.03%	0.03%
	LVS	B	0.04%	0.04%	0.04%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.05%	0.04%	0.04%
	LYV	A	0.04%	0.03%	0.03%
	MA	B	0.86%	0.82%	0.82%
	MAA	D	0.04%	0.04%	0.04%
	MAR	B	0.13%	0.12%	0.12%
	MAS	C	0.04%	0.04%	0.04%
	MCD	D	0.44%	0.42%	0.42%
	MCHP	F	0.08%	0.08%	0.08%
	MCK	D	0.14%	0.13%	0.13%
	MCO	D	0.15%	0.15%	0.15%
	MDLZ	F	0.19%	0.18%	0.18%
	MDT	B	0.24%	0.23%	0.23%
	MET	C	0.1%	0.1%	0.1%
	META	B	2.59%	2.49%	2.49%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MLM	B	0.08%	0.07%	0.07%
	MMC	D	0.22%	0.22%	0.22%
	MMM	D	0.15%	0.14%	0.14%
	MNST	B	0.08%	0.07%	0.07%
	MO	A	0.19%	0.17%	0.17%
	MOH	D	0.04%	0.04%	0.04%
	MOS	C	0.02%	0.02%	0.02%
	MPC	F	0.1%	0.1%	0.1%
	MPWR	F	0.08%	0.08%	0.08%
	MRK	F	0.54%	0.52%	0.52%
	MRNA	F	0.04%	0.04%	0.04%
	MRO	C	0.03%	0.03%	0.03%
	MS	B	0.3%	0.29%	0.29%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	D	6.3%	6.3%	6.3%
	MSI	B	0.16%	0.15%	0.15%
	MTB	B	0.07%	0.06%	0.06%
	MTD	D	0.05%	0.05%	0.05%
	MU	C	0.23%	0.24%	0.23%
	NDAQ	A	0.06%	0.06%	0.06%
	NEE	D	0.34%	0.33%	0.33%
	NEM	D	0.11%	0.11%	0.11%
	NFLX	A	0.68%	0.64%	0.64%
	NI	A	0.03%	0.03%	0.03%
	NKE	F	0.19%	0.18%	0.18%
	NOC	D	0.15%	0.15%	0.15%
	NOW	A	0.4%	0.39%	0.39%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.12%	0.11%	0.11%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	B	0.04%	0.04%	0.04%
	NUE	F	0.07%	0.07%	0.07%
	NVDA	B	6.81%	6.65%	6.65%
	NVR	C	0.06%	0.05%	0.05%
	NWS	A	0.01%	0.01%	0.01%
	NWSA	B	0.02%	0.02%	0.02%
	NXPI	D	0.12%	0.12%	0.12%
	O	D	0.11%	0.11%	0.11%
	ODFL	B	0.08%	0.07%	0.07%
	OKE	A	0.12%	0.11%	0.11%
	OMC	B	0.04%	0.04%	0.04%
	ON	D	0.06%	0.06%	0.06%
	ORCL	B	0.56%	0.55%	0.55%
	ORLY	B	0.14%	0.14%	0.14%
	OTIS	B	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.06%	0.06%
	PANW	B	0.24%	0.23%	0.23%
	PAYC	A	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	B	0.09%	0.08%	0.08%
	PEG	C	0.09%	0.09%	0.09%
	PEP	F	0.48%	0.47%	0.47%
	PFE	D	0.33%	0.32%	0.32%
	PFG	D	0.04%	0.04%	0.04%
	PG	D	0.81%	0.79%	0.79%
	PGR	D	0.3%	0.28%	0.28%
	PH	A	0.17%	0.16%	0.16%
	PHM	D	0.06%	0.06%	0.06%
	PKG	A	0.04%	0.04%	0.04%
	PLD	F	0.22%	0.22%	0.22%
	PLTR	A	0.17%	0.18%	0.17%
	PM	A	0.43%	0.4%	0.4%
	PNC	B	0.16%	0.15%	0.15%
	PNR	A	0.03%	0.03%	0.03%
	PODD	A	0.03%	0.03%	0.03%
	POOL	B	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.06%	0.06%
	PPL	B	0.05%	0.05%	0.05%
	PRU	C	0.09%	0.09%	0.09%
	PSA	D	0.11%	0.11%	0.11%
	PSX	F	0.11%	0.11%	0.11%
	PTC	B	0.05%	0.04%	0.04%
	PWR	A	0.09%	0.09%	0.09%
	PYPL	B	0.17%	0.17%	0.17%
	QCOM	F	0.38%	0.38%	0.38%
	QRVO	F	0.01%	0.02%	0.01%
	RCL	A	0.1%	0.09%	0.09%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.19%	0.2%	0.19%
	RF	B	0.05%	0.04%	0.04%
	RJF	B	0.06%	0.05%	0.05%
	RMD	B	0.07%	0.07%	0.07%
	ROK	C	0.06%	0.06%	0.06%
	ROL	D	0.03%	0.03%	0.03%
	ROP	F	0.12%	0.11%	0.11%
	ROST	D	0.1%	0.09%	0.09%
	RSG	C	0.08%	0.08%	0.08%
	RTX	C	0.34%	0.33%	0.33%
	RVTY	C	0.03%	0.03%	0.03%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.23%	0.22%	0.22%
	SCHW	B	0.22%	0.2%	0.2%
	SHW	C	0.17%	0.17%	0.17%
	SJM	D	0.03%	0.02%	0.02%
	SLB	F	0.12%	0.12%	0.12%
	SMCI	F	0.03%	0.05%	0.03%
	SNA	A	0.04%	0.03%	0.03%
	SNPS	C	0.16%	0.15%	0.15%
	SO	C	0.21%	0.2%	0.2%
	SPG	A	0.11%	0.1%	0.1%
	SPGI	D	0.32%	0.3%	0.3%
	SRE	C	0.11%	0.11%	0.11%
	STE	D	0.05%	0.04%	0.04%
	STLD	B	0.04%	0.04%	0.04%
	STT	A	0.06%	0.05%	0.05%
	STX	D	0.04%	0.04%	0.04%
	STZ	F	0.08%	0.08%	0.08%
	SW	A	0.05%	0.05%	0.05%
	SWK	D	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	A	0.05%	0.04%	0.04%
	SYK	A	0.25%	0.25%	0.25%
	SYY	C	0.08%	0.07%	0.07%
	T	B	0.34%	0.31%	0.31%
	TAP	C	0.02%	0.02%	0.02%
	TDG	B	0.15%	0.15%	0.15%
	TDY	B	0.04%	0.04%	0.04%
	TECH	C	0.02%	0.02%	0.02%
	TER	F	0.04%	0.03%	0.03%
	TFC	C	0.12%	0.11%	0.11%
	TFX	F	0.02%	0.02%	0.02%
	TGT	D	0.14%	0.14%	0.14%
	TJX	D	0.27%	0.26%	0.26%
	TMO	D	0.44%	0.42%	0.42%
	TMUS	B	0.23%	0.22%	0.22%
	TRGP	A	0.08%	0.07%	0.07%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.45%	1.48%	1.45%
	TSN	D	0.03%	0.03%	0.03%
	TT	B	0.17%	0.18%	0.17%
	TTWO	B	0.05%	0.05%	0.05%
	TXN	B	0.39%	0.37%	0.37%
	TXT	D	0.03%	0.03%	0.03%
	TYL	B	0.05%	0.05%	0.05%
	UAL	A	0.05%	0.05%	0.05%
	UBER	C	0.32%	0.31%	0.31%
	UDR	D	0.03%	0.03%	0.03%
	UHS	D	0.03%	0.02%	0.02%
	ULTA	D	0.04%	0.04%	0.04%
	UNH	D	1.09%	1.03%	1.03%
	UNP	D	0.29%	0.28%	0.28%
	UPS	C	0.2%	0.2%	0.2%
	URI	B	0.11%	0.11%	0.11%
	USB	B	0.16%	0.15%	0.15%
	V	A	1.01%	0.93%	0.93%
	VICI	D	0.07%	0.07%	0.07%
	VLO	F	0.09%	0.08%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	B	0.08%	0.07%	0.07%
	VRSN	F	0.03%	0.03%	0.03%
	VRTX	A	0.26%	0.24%	0.24%
	VST	C	0.09%	0.08%	0.08%
	VTR	B	0.06%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	D	0.37%	0.34%	0.34%
	WAB	A	0.07%	0.07%	0.07%
	WAT	A	0.04%	0.04%	0.04%
	WBA	C	0.01%	0.01%	0.01%
	WBD	D	0.04%	0.03%	0.03%
	WDC	C	0.04%	0.04%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.16%	0.16%	0.16%
	WFC	B	0.46%	0.43%	0.43%
	WM	B	0.16%	0.15%	0.15%
	WMB	A	0.13%	0.13%	0.13%
	WMT	A	0.74%	0.71%	0.71%
	WRB	C	0.04%	0.04%	0.04%
	WST	C	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.06%	0.06%
	WY	D	0.05%	0.05%	0.05%
	WYNN	D	0.02%	0.02%	0.02%
	XEL	B	0.08%	0.07%	0.07%
	XOM	B	1.08%	1.05%	1.05%
	XYL	F	0.06%	0.06%	0.06%
	YUM	C	0.08%	0.07%	0.07%
	ZBH	D	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	F	0.17%	0.16%	0.16%

PBP Overweight 27 Positions Relative to BBUS

	Symbol	Grade	Weight
	CBOE	B	0.05%
	CHRW	C	0.03%
	NDSN	D	0.03%
	JBL	B	0.03%
	BWA	D	0.02%
	IVZ	B	0.02%
	RL	A	0.02%
	FMC	B	0.02%
	FRT	C	0.02%
	HAS	D	0.02%
	CZR	D	0.02%
	HSIC	F	0.02%
	AOS	F	0.02%
	MTCH	C	0.02%
	GL	C	0.02%
	AIZ	C	0.02%
	GNRC	A	0.02%
	PNW	D	0.02%
	SOLV	B	0.02%
	CTLT	D	0.02%
	TPR	B	0.02%
	MKTX	B	0.02%
	NCLH	B	0.02%
	ERIE	F	0.02%
	DVA	D	0.01%
	PARA	C	0.01%
	MHK	D	0.01%

PBP Underweight 71 Positions Relative to BBUS

	Symbol	Grade	Weight
	MELI	C	-0.2%
	MRVL	A	-0.14%
	TTD	B	-0.11%
	APO	A	-0.11%
	WDAY	D	-0.1%
	DASH	B	-0.09%
	SNOW	C	-0.08%
	SQ	C	-0.08%
	COIN	C	-0.08%
	VRT	B	-0.08%
	LNG	A	-0.08%
	ALNY	C	-0.07%
	DDOG	B	-0.07%
	HUBS	B	-0.06%
	TEAM	B	-0.06%
	CPNG	A	-0.06%
	VEEV	C	-0.06%
	ARES	B	-0.06%
	FCNCA	D	-0.05%
	BAH	A	-0.05%
	NET	C	-0.05%
	MDB	F	-0.04%
	PINS	C	-0.04%
	LII	A	-0.04%
	LPLA	B	-0.04%
	MKL	D	-0.04%
	TRU	C	-0.04%
	TPL	A	-0.04%
	RBLX	B	-0.04%
	ILMN	A	-0.04%
	EXAS	B	-0.03%
	BMRN	F	-0.03%
	EWBC	B	-0.03%
	EQH	B	-0.03%
	RGA	D	-0.03%
	DOCU	A	-0.03%
	FLEX	A	-0.03%
	DT	B	-0.03%
	SSNC	D	-0.03%
	AVTR	D	-0.03%
	HEI	D	-0.03%
	FNF	D	-0.03%
	ENTG	F	-0.03%
	OC	B	-0.03%
	BURL	D	-0.03%
	WSO	C	-0.03%
	SUI	D	-0.03%
	ZS	C	-0.03%
	ZM	A	-0.03%
	AFG	F	-0.02%
	Z	C	-0.02%
	SCCO	B	-0.02%
	CNH	B	-0.02%
	HEI	D	-0.02%
	RPRX	D	-0.02%
	CG	B	-0.02%
	CCK	B	-0.02%
	SNAP	C	-0.02%
	OKTA	F	-0.02%
	NBIX	D	-0.02%
	TWLO	A	-0.02%
	WPC	F	-0.02%
	ELS	D	-0.02%
	AGR	D	-0.01%
	ZG	C	-0.01%
	WLK	F	-0.01%
	U	C	-0.01%
	SIRI	D	-0.01%
	BSY	D	-0.01%
	ACI	F	-0.01%
	CRBG	B	-0.01%

PBP: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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

BBUS: Top Represented Industries & Keywords

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

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