PBUS vs. CRBN ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$57.19

Average Daily Volume

38,182

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$196.07

Average Daily Volume

7,692

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	CRBN
30 Days	2.73%	3.21%
60 Days	5.30%	6.30%
90 Days	5.47%	6.99%
12 Months	35.39%	32.85%

374 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in CRBN	Overlap
	A	C	0.09%	0.05%	0.05%
	AAPL	C	6.6%	4.4%	4.4%
	ABBV	B	0.67%	0.5%	0.5%
	ABNB	D	0.11%	0.11%	0.11%
	ABT	C	0.39%	0.08%	0.08%
	ACGL	B	0.08%	0.08%	0.08%
	ACM	B	0.03%	0.02%	0.02%
	ACN	C	0.44%	0.28%	0.28%
	ADBE	F	0.45%	0.3%	0.3%
	ADI	C	0.23%	0.18%	0.18%
	ADP	C	0.22%	0.23%	0.22%
	ADSK	B	0.12%	0.05%	0.05%
	AFG	C	0.02%	0.01%	0.01%
	AFL	A	0.12%	0.18%	0.12%
	AIG	D	0.1%	0.05%	0.05%
	AIZ	B	0.02%	0.01%	0.01%
	AJG	D	0.12%	0.03%	0.03%
	AKAM	D	0.03%	0.06%	0.03%
	ALB	D	0.02%	0.01%	0.01%
	ALGN	D	0.04%	0.03%	0.03%
	ALL	C	0.1%	0.03%	0.03%
	ALLE	B	0.03%	0.03%	0.03%
	AMAT	D	0.35%	0.12%	0.12%
	AMD	C	0.54%	0.34%	0.34%
	AME	C	0.08%	0.29%	0.08%
	AMGN	D	0.34%	0.28%	0.28%
	AMP	B	0.09%	0.05%	0.05%
	AMT	C	0.22%	0.16%	0.16%
	AMZN	C	3.56%	2.34%	2.34%
	ANET	C	0.2%	0.15%	0.15%
	ANSS	D	0.06%	0.04%	0.04%
	AON	B	0.14%	0.1%	0.1%
	APH	C	0.16%	0.17%	0.16%
	APO	B	0.1%	0.07%	0.07%
	APP	C	0.05%	0.04%	0.04%
	ARE	C	0.04%	0.01%	0.01%
	AVB	C	0.06%	0.04%	0.04%
	AVGO	C	1.57%	1.05%	1.05%
	AWK	C	0.06%	0.23%	0.06%
	AXON	B	0.06%	0.21%	0.06%
	AXP	B	0.31%	0.23%	0.23%
	BAC	D	0.55%	0.36%	0.36%
	BAH	B	0.04%	0.03%	0.03%
	BAX	C	0.04%	0.0%	0.0%
	BBWI	D	0.01%	0.01%	0.01%
	BDX	D	0.14%	0.11%	0.11%
	BEN	F	0.01%	0.0%	0.0%
	BIIB	F	0.06%	0.04%	0.04%
	BK	B	0.11%	0.11%	0.11%
	BKNG	B	0.29%	0.2%	0.2%
	BKR	C	0.07%	0.33%	0.07%
	BLK	B	0.28%	0.16%	0.16%
	BMY	C	0.2%	0.21%	0.2%
	BR	C	0.05%	0.07%	0.05%
	BRK.A	C	1.2%	0.64%	0.64%
	BRO	C	0.05%	0.02%	0.02%
	BSX	B	0.24%	0.19%	0.19%
	BX	C	0.22%	0.13%	0.13%
	BXP	C	0.02%	0.03%	0.02%
	C	C	0.23%	0.22%	0.22%
	CB	B	0.22%	0.25%	0.22%
	CBOE	C	0.04%	0.03%	0.03%
	CCI	C	0.1%	0.1%	0.1%
	CDNS	D	0.15%	0.09%	0.09%
	CDW	D	0.06%	0.04%	0.04%
	CEG	C	0.16%	0.05%	0.05%
	CELH	F	0.01%	0.01%	0.01%
	CFG	D	0.04%	0.03%	0.03%
	CHD	C	0.05%	0.06%	0.05%
	CHTR	D	0.06%	0.08%	0.06%
	CI	C	0.2%	0.13%	0.13%
	CINF	C	0.04%	0.0%	0.0%
	CL	C	0.16%	0.16%	0.16%
	CMCSA	C	0.32%	0.27%	0.27%
	CME	B	0.16%	0.12%	0.12%
	CMG	D	0.16%	0.14%	0.14%
	CNC	D	0.08%	0.01%	0.01%
	COF	B	0.11%	0.07%	0.07%
	COIN	F	0.07%	0.05%	0.05%
	COST	C	0.8%	0.29%	0.29%
	CPAY	B	0.04%	0.05%	0.04%
	CPRT	D	0.09%	0.1%	0.09%
	CRL	F	0.02%	0.0%	0.0%
	CRM	C	0.53%	0.32%	0.32%
	CRWD	D	0.13%	0.06%	0.06%
	CSCO	B	0.42%	0.39%	0.39%
	CSGP	D	0.06%	0.04%	0.04%
	CSX	C	0.13%	0.13%	0.13%
	CTAS	C	0.15%	0.15%	0.15%
	CTLT	B	0.02%	0.01%	0.01%
	CTSH	B	0.08%	0.07%	0.07%
	CTVA	B	0.08%	0.12%	0.08%
	CVS	D	0.15%	0.05%	0.05%
	DASH	B	0.09%	0.07%	0.07%
	DAY	D	0.02%	0.03%	0.02%
	DDOG	D	0.06%	0.03%	0.03%
	DE	A	0.21%	0.04%	0.04%
	DECK	C	0.05%	0.02%	0.02%
	DFS	C	0.07%	0.05%	0.05%
	DG	F	0.04%	0.05%	0.04%
	DGX	B	0.03%	0.06%	0.03%
	DHR	B	0.37%	0.27%	0.27%
	DIS	D	0.35%	0.23%	0.23%
	DKNG	C	0.04%	0.03%	0.03%
	DLR	B	0.1%	0.05%	0.05%
	DLTR	F	0.03%	0.04%	0.03%
	DOC	B	0.03%	0.01%	0.01%
	DOCU	C	0.03%	0.01%	0.01%
	DRI	C	0.04%	0.01%	0.01%
	DVA	B	0.02%	0.04%	0.02%
	DXCM	F	0.05%	0.04%	0.04%
	EA	D	0.07%	0.07%	0.07%
	EBAY	B	0.06%	0.1%	0.06%
	ECL	B	0.13%	0.18%	0.13%
	ED	B	0.07%	0.07%	0.07%
	EFX	C	0.07%	0.1%	0.07%
	EG	B	0.03%	0.03%	0.03%
	EIX	B	0.07%	0.22%	0.07%
	EL	D	0.05%	0.05%	0.05%
	ELV	D	0.24%	0.17%	0.17%
	EMR	D	0.12%	0.04%	0.04%
	ENPH	D	0.03%	0.02%	0.02%
	ENTG	D	0.03%	0.02%	0.02%
	EPAM	F	0.02%	0.01%	0.01%
	EQH	C	0.03%	0.09%	0.03%
	EQIX	B	0.17%	0.11%	0.11%
	EQR	C	0.05%	0.04%	0.04%
	ERIE	B	0.03%	0.01%	0.01%
	ES	B	0.05%	0.13%	0.05%
	ESS	C	0.04%	0.01%	0.01%
	ETN	C	0.27%	0.18%	0.18%
	EW	F	0.08%	0.06%	0.06%
	EXAS	D	0.02%	0.01%	0.01%
	EXC	B	0.08%	0.03%	0.03%
	EXR	C	0.07%	0.06%	0.06%
	FAST	C	0.08%	0.13%	0.08%
	FCNCA	D	0.04%	0.05%	0.04%
	FCX	C	0.15%	0.22%	0.15%
	FFIV	B	0.03%	0.09%	0.03%
	FICO	B	0.09%	0.05%	0.05%
	FIS	C	0.09%	0.08%	0.08%
	FITB	B	0.06%	0.02%	0.02%
	FNF	B	0.03%	0.02%	0.02%
	FSLR	C	0.05%	0.05%	0.05%
	FTNT	B	0.1%	0.05%	0.05%
	FTV	C	0.05%	0.17%	0.05%
	GDDY	C	0.04%	0.02%	0.02%
	GGG	C	0.03%	0.14%	0.03%
	GILD	B	0.21%	0.18%	0.18%
	GIS	B	0.08%	0.01%	0.01%
	GLPI	C	0.03%	0.03%	0.03%
	GOOG	D	1.65%	1.04%	1.04%
	GOOGL	D	1.9%	1.3%	1.3%
	GPN	D	0.05%	0.07%	0.05%
	GRMN	D	0.05%	0.11%	0.05%
	GS	B	0.32%	0.24%	0.24%
	GWW	B	0.09%	0.03%	0.03%
	HAL	F	0.05%	0.45%	0.05%
	HCA	B	0.16%	0.14%	0.14%
	HD	B	0.78%	0.57%	0.57%
	HIG	B	0.07%	0.06%	0.06%
	HLT	B	0.12%	0.08%	0.08%
	HOOD	C	0.02%	0.02%	0.02%
	HST	D	0.03%	0.05%	0.03%
	HSY	D	0.06%	0.05%	0.05%
	HUBB	B	0.05%	0.11%	0.05%
	HUBS	D	0.05%	0.01%	0.01%
	HUM	F	0.08%	0.04%	0.04%
	IBM	B	0.41%	0.34%	0.34%
	ICE	C	0.18%	0.12%	0.12%
	IDXX	D	0.08%	0.08%	0.08%
	IEX	C	0.03%	0.15%	0.03%
	ILMN	D	0.04%	0.02%	0.02%
	INTC	D	0.2%	0.14%	0.14%
	INTU	D	0.35%	0.22%	0.22%
	INVH	D	0.04%	0.02%	0.02%
	IOT	C	0.02%	0.0%	0.0%
	IPG	C	0.02%	0.02%	0.02%
	IQV	D	0.09%	0.09%	0.09%
	IR	B	0.08%	0.22%	0.08%
	IRM	C	0.07%	0.06%	0.06%
	ISRG	C	0.34%	0.24%	0.24%
	IT	C	0.08%	0.07%	0.07%
	ITW	B	0.16%	0.12%	0.12%
	J	A	0.04%	0.06%	0.04%
	JNJ	C	0.77%	0.6%	0.6%
	JPM	D	1.2%	0.81%	0.81%
	KDP	B	0.08%	0.06%	0.06%
	KEYS	B	0.06%	0.04%	0.04%
	KIM	C	0.03%	0.01%	0.01%
	KKR	B	0.16%	0.1%	0.1%
	KLAC	D	0.22%	0.24%	0.22%
	KO	B	0.58%	0.51%	0.51%
	KVUE	B	0.09%	0.11%	0.09%
	L	D	0.03%	0.03%	0.03%
	LDOS	A	0.04%	0.05%	0.04%
	LIN	B	0.46%	0.11%	0.11%
	LLY	D	1.46%	0.97%	0.97%
	LNG	D	0.08%	0.09%	0.08%
	LOW	B	0.3%	0.18%	0.18%
	LRCX	D	0.22%	0.09%	0.09%
	LULU	D	0.06%	0.05%	0.05%
	LVS	C	0.04%	0.06%	0.04%
	MA	B	0.81%	0.54%	0.54%
	MAR	B	0.12%	0.06%	0.06%
	MAS	B	0.04%	0.07%	0.04%
	MCD	B	0.44%	0.45%	0.44%
	MCHP	D	0.09%	0.06%	0.06%
	MCO	C	0.16%	0.07%	0.07%
	MDB	D	0.04%	0.01%	0.01%
	MDLZ	C	0.2%	0.11%	0.11%
	MDT	B	0.23%	0.12%	0.12%
	MELI	C	0.19%	0.16%	0.16%
	MET	B	0.1%	0.11%	0.1%
	META	B	2.48%	1.61%	1.61%
	MGM	D	0.02%	0.02%	0.02%
	MKL	C	0.04%	0.0%	0.0%
	MKTX	D	0.02%	0.01%	0.01%
	MMC	C	0.22%	0.2%	0.2%
	MNST	D	0.08%	0.1%	0.08%
	MO	C	0.17%	0.36%	0.17%
	MPWR	B	0.09%	0.07%	0.07%
	MRK	F	0.57%	0.43%	0.43%
	MRNA	F	0.04%	0.01%	0.01%
	MRVL	D	0.13%	0.1%	0.1%
	MS	B	0.25%	0.16%	0.16%
	MSFT	C	6.06%	3.95%	3.95%
	MSI	B	0.15%	0.16%	0.15%
	MSTR	C	0.05%	0.03%	0.03%
	MTB	C	0.06%	0.05%	0.05%
	MTCH	C	0.02%	0.01%	0.01%
	MTD	C	0.06%	0.04%	0.04%
	MU	D	0.24%	0.12%	0.12%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	B	0.34%	0.19%	0.19%
	NEM	C	0.13%	0.09%	0.09%
	NET	D	0.05%	0.01%	0.01%
	NFLX	B	0.61%	0.42%	0.42%
	NKE	D	0.22%	0.13%	0.13%
	NOW	C	0.36%	0.2%	0.2%
	NSC	C	0.11%	0.08%	0.08%
	NTAP	D	0.05%	0.09%	0.05%
	NTRS	C	0.04%	0.05%	0.04%
	NVDA	C	6.07%	3.77%	3.77%
	NXPI	D	0.12%	0.09%	0.09%
	O	B	0.11%	0.01%	0.01%
	ODFL	D	0.08%	0.06%	0.06%
	OKE	C	0.1%	0.22%	0.1%
	OKTA	F	0.02%	0.01%	0.01%
	OMC	B	0.04%	0.03%	0.03%
	ON	D	0.06%	0.03%	0.03%
	ORCL	B	0.55%	0.4%	0.4%
	OTIS	B	0.08%	0.11%	0.08%
	PANW	D	0.22%	0.13%	0.13%
	PAYC	D	0.02%	0.04%	0.02%
	PAYX	C	0.09%	0.14%	0.09%
	PCG	C	0.08%	0.09%	0.08%
	PEG	B	0.09%	0.07%	0.07%
	PEP	D	0.46%	0.23%	0.23%
	PFE	D	0.33%	0.23%	0.23%
	PG	C	0.81%	0.66%	0.66%
	PGR	C	0.29%	0.19%	0.19%
	PH	B	0.16%	0.11%	0.11%
	PINS	D	0.04%	0.02%	0.02%
	PLD	C	0.23%	0.16%	0.16%
	PLTR	C	0.15%	0.09%	0.09%
	PM	C	0.37%	0.45%	0.37%
	PNC	C	0.15%	0.1%	0.1%
	PODD	C	0.03%	0.01%	0.01%
	POOL	C	0.03%	0.0%	0.0%
	PRU	C	0.09%	0.03%	0.03%
	PSA	C	0.11%	0.11%	0.11%
	PSTG	F	0.03%	0.03%	0.03%
	PTC	C	0.04%	0.06%	0.04%
	PWR	B	0.09%	0.02%	0.02%
	PYPL	B	0.16%	0.11%	0.11%
	QCOM	D	0.38%	0.25%	0.25%
	RBLX	C	0.04%	0.01%	0.01%
	RCL	B	0.09%	0.06%	0.06%
	REG	C	0.02%	0.0%	0.0%
	REGN	D	0.22%	0.17%	0.17%
	RIVN	F	0.02%	0.04%	0.02%
	RMD	C	0.07%	0.03%	0.03%
	ROK	D	0.06%	0.04%	0.04%
	ROKU	D	0.02%	0.01%	0.01%
	ROL	C	0.03%	0.04%	0.03%
	ROP	C	0.12%	0.2%	0.12%
	ROST	C	0.1%	0.05%	0.05%
	RPRX	C	0.02%	0.1%	0.02%
	RS	D	0.03%	0.14%	0.03%
	SBAC	C	0.05%	0.05%	0.05%
	SBUX	C	0.22%	0.19%	0.19%
	SCHW	D	0.19%	0.13%	0.13%
	SHW	B	0.18%	0.13%	0.13%
	SLB	F	0.12%	0.24%	0.12%
	SMCI	F	0.04%	0.03%	0.03%
	SNA	B	0.03%	0.07%	0.03%
	SNAP	D	0.02%	0.01%	0.01%
	SNOW	F	0.07%	0.03%	0.03%
	SNPS	F	0.16%	0.1%	0.1%
	SOLV	D	0.02%	0.04%	0.02%
	SPG	B	0.11%	0.11%	0.11%
	SPGI	C	0.33%	0.15%	0.15%
	SQ	D	0.07%	0.04%	0.04%
	SRE	B	0.1%	0.01%	0.01%
	SSNC	C	0.03%	0.16%	0.03%
	STE	B	0.05%	0.04%	0.04%
	STT	B	0.05%	0.05%	0.05%
	STZ	C	0.08%	0.12%	0.08%
	SWKS	F	0.03%	0.01%	0.01%
	SYF	C	0.04%	0.06%	0.04%
	SYK	C	0.25%	0.14%	0.14%
	T	B	0.31%	0.27%	0.27%
	TDG	B	0.16%	0.02%	0.02%
	TEAM	D	0.05%	0.03%	0.03%
	TEL	D	0.09%	0.11%	0.09%
	TER	C	0.04%	0.06%	0.04%
	TFC	D	0.11%	0.07%	0.07%
	TFX	B	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.05%	0.05%
	TJX	C	0.27%	0.1%	0.1%
	TMO	B	0.47%	0.3%	0.3%
	TMUS	B	0.21%	0.15%	0.15%
	TOST	C	0.02%	0.01%	0.01%
	TPL	C	0.03%	0.3%	0.03%
	TRGP	C	0.06%	0.41%	0.06%
	TRMB	C	0.03%	0.06%	0.03%
	TROW	C	0.05%	0.03%	0.03%
	TRU	B	0.04%	0.07%	0.04%
	TRV	C	0.11%	0.1%	0.1%
	TSLA	C	1.45%	0.98%	0.98%
	TTD	B	0.1%	0.07%	0.07%
	TTWO	D	0.05%	0.03%	0.03%
	TW	B	0.03%	0.01%	0.01%
	TXN	B	0.38%	0.27%	0.27%
	TYL	C	0.05%	0.01%	0.01%
	UBER	C	0.29%	0.2%	0.2%
	ULTA	D	0.04%	0.06%	0.04%
	UNH	C	1.05%	0.7%	0.7%
	UNP	D	0.3%	0.24%	0.24%
	UPS	D	0.19%	0.07%	0.07%
	URI	B	0.11%	0.23%	0.11%
	USB	C	0.14%	0.08%	0.08%
	UTHR	B	0.03%	0.03%	0.03%
	V	C	0.85%	0.65%	0.65%
	VEEV	C	0.06%	0.08%	0.06%
	VICI	C	0.07%	0.08%	0.07%
	VLTO	B	0.05%	0.04%	0.04%
	VMC	C	0.07%	0.08%	0.07%
	VRSK	D	0.08%	0.13%	0.08%
	VRSN	C	0.03%	0.02%	0.02%
	VRT	C	0.07%	0.07%	0.07%
	VRTX	D	0.24%	0.16%	0.16%
	VTRS	D	0.03%	0.04%	0.03%
	VZ	A	0.37%	0.29%	0.29%
	WAB	B	0.06%	0.1%	0.06%
	WAT	B	0.04%	0.02%	0.02%
	WBD	D	0.04%	0.0%	0.0%
	WDAY	D	0.1%	0.04%	0.04%
	WELL	C	0.15%	0.07%	0.07%
	WFC	D	0.39%	0.27%	0.27%
	WMB	C	0.11%	0.18%	0.11%
	WMT	B	0.7%	0.32%	0.32%
	WRB	D	0.03%	0.02%	0.02%
	WST	D	0.04%	0.03%	0.03%
	WTRG	D	0.02%	0.06%	0.02%
	WTW	B	0.06%	0.05%	0.05%
	WYNN	C	0.02%	0.02%	0.02%
	XYL	C	0.06%	0.13%	0.06%
	YUM	B	0.08%	0.05%	0.05%
	Z	C	0.02%	0.04%	0.02%
	ZBH	F	0.04%	0.06%	0.04%
	ZM	C	0.03%	0.01%	0.01%
	ZTS	B	0.18%	0.13%	0.13%

PBUS Overweight 206 Positions Relative to CRBN

	Symbol	Grade	Weight
	XOM	D	1.01%
	CVX	F	0.49%
	GE	C	0.4%
	CAT	B	0.38%
	RTX	B	0.32%
	HON	C	0.27%
	LMT	A	0.25%
	COP	F	0.24%
	SO	B	0.19%
	DUK	B	0.18%
	BA	F	0.18%
	TT	B	0.17%
	WM	D	0.16%
	NOC	B	0.15%
	MMM	B	0.15%
	ORLY	B	0.14%
	GEV	B	0.14%
	EOG	D	0.14%
	GD	C	0.14%
	CARR	B	0.13%
	APD	B	0.13%
	FDX	D	0.12%
	MCK	F	0.12%
	AEP	C	0.11%
	AZO	B	0.11%
	PSX	F	0.11%
	DHI	C	0.11%
	MPC	F	0.11%
	KMB	C	0.1%
	PCAR	D	0.1%
	JCI	B	0.1%
	GM	C	0.1%
	KMI	C	0.09%
	FLUT	C	0.09%
	RSG	D	0.09%
	LHX	C	0.09%
	LEN	B	0.09%
	CMI	B	0.09%
	VLO	F	0.09%
	MSCI	C	0.09%
	WCN	D	0.09%
	D	C	0.09%
	KR	B	0.08%
	CBRE	B	0.08%
	HWM	B	0.08%
	DOW	C	0.08%
	SYY	C	0.08%
	VST	B	0.08%
	GEHC	B	0.08%
	F	F	0.08%
	OXY	F	0.07%
	MLM	D	0.07%
	ALNY	C	0.07%
	XEL	B	0.07%
	DELL	C	0.07%
	HPQ	C	0.07%
	HES	F	0.07%
	NUE	D	0.07%
	GLW	B	0.07%
	DD	B	0.07%
	ARES	B	0.06%
	ADM	D	0.06%
	PHM	B	0.06%
	WEC	B	0.06%
	NVR	B	0.06%
	FANG	F	0.06%
	TSCO	B	0.06%
	NDAQ	C	0.06%
	KHC	C	0.06%
	PPG	C	0.06%
	WDC	C	0.05%
	AEE	B	0.05%
	BLDR	C	0.05%
	FE	B	0.05%
	PPL	A	0.05%
	DVN	F	0.05%
	WY	C	0.05%
	RJF	C	0.05%
	LYB	D	0.05%
	DTE	A	0.05%
	VTR	C	0.05%
	SW	B	0.05%
	HPE	C	0.05%
	DOV	B	0.05%
	CAH	C	0.05%
	IFF	A	0.05%
	ETR	A	0.05%
	BURL	C	0.04%
	AVY	C	0.04%
	EXPD	B	0.04%
	CNP	C	0.04%
	MAA	C	0.04%
	CCL	C	0.04%
	STLD	C	0.04%
	HOLX	D	0.04%
	ZBRA	B	0.04%
	EXPE	C	0.04%
	NRG	B	0.04%
	PKG	B	0.04%
	WSM	C	0.04%
	GPC	D	0.04%
	APTV	D	0.04%
	LII	C	0.04%
	EQT	C	0.04%
	MOH	D	0.04%
	EME	B	0.04%
	CLX	C	0.04%
	PFG	B	0.04%
	BBY	A	0.04%
	ATO	B	0.04%
	BALL	C	0.04%
	TDY	B	0.04%
	MKC	C	0.04%
	CMS	B	0.04%
	CSL	B	0.04%
	HBAN	B	0.04%
	RF	B	0.04%
	STX	B	0.04%
	K	A	0.04%
	JNPR	A	0.03%
	SJM	C	0.03%
	JKHY	B	0.03%
	DKS	D	0.03%
	CPT	C	0.03%
	BMRN	F	0.03%
	EMN	B	0.03%
	WPC	C	0.03%
	BG	F	0.03%
	AES	C	0.03%
	JBHT	D	0.03%
	UDR	C	0.03%
	EVRG	B	0.03%
	JBL	C	0.03%
	UHS	C	0.03%
	MRO	D	0.03%
	DT	C	0.03%
	DPZ	D	0.03%
	OC	C	0.03%
	HEI	C	0.03%
	NI	B	0.03%
	LNT	A	0.03%
	CE	D	0.03%
	KEY	C	0.03%
	CAG	B	0.03%
	ZS	F	0.03%
	CF	B	0.03%
	RPM	B	0.03%
	IP	C	0.03%
	PNR	B	0.03%
	AMCR	B	0.03%
	SWK	B	0.03%
	TXT	D	0.03%
	SUI	C	0.03%
	TSN	D	0.03%
	LPLA	D	0.03%
	FDS	C	0.03%
	CTRA	F	0.03%
	WSO	C	0.03%
	LYV	A	0.03%
	MANH	B	0.03%
	AVTR	C	0.03%
	SEIC	B	0.02%
	CRBG	C	0.02%
	CHRD	F	0.02%
	BSY	C	0.02%
	DAL	C	0.02%
	MOS	F	0.02%
	APA	F	0.02%
	KNX	C	0.02%
	CHK	C	0.02%
	TTC	F	0.02%
	HSIC	C	0.02%
	CPB	C	0.02%
	ALLY	F	0.02%
	HRL	F	0.02%
	LW	D	0.02%
	FOXA	B	0.02%
	CNH	C	0.02%
	OVV	F	0.02%
	NWSA	D	0.02%
	CG	C	0.02%
	QRVO	F	0.02%
	HII	F	0.02%
	TAP	D	0.02%
	TWLO	C	0.02%
	INCY	C	0.02%
	AOS	B	0.02%
	LKQ	F	0.02%
	HEI	C	0.02%
	CCK	B	0.02%
	NBIX	F	0.02%
	TECH	C	0.02%
	KMX	D	0.02%
	ELS	D	0.02%
	CHRW	B	0.02%
	AMH	D	0.02%
	LUV	C	0.01%
	FOX	B	0.01%
	WLK	C	0.01%
	WBA	F	0.01%
	PARA	D	0.01%
	BIO	C	0.01%
	UHAL	B	0.01%
	H	B	0.01%
	ACI	F	0.01%
	DINO	F	0.01%

PBUS Underweight 12 Positions Relative to CRBN

	Symbol	Grade	Weight
	FI	B	-0.2%
	GEN	A	-0.07%
	IBN	C	-0.06%
	LH	D	-0.05%
	COO	C	-0.05%
	CHT	B	-0.04%
	FWONK	C	-0.04%
	WIT	C	-0.04%
	HDB	C	-0.04%
	AZPN	B	-0.03%
	NLY	B	-0.02%
	RVTY	B	-0.01%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Diagnostics & Research 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 Packaged Foods Internet Content & Information

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

CRBN: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Semiconductors Diversified Industrials Software - Infrastructure Asset Management Drug Manufacturers - Major Insurance - Property & Casualty Information Technology Services Internet Content & Information Medical Devices Medical Instruments & Supplies Banks - Regional - US Capital Markets Credit Services Telecom Services Health Care Plans Insurance - Diversified Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Telecommunications Medicine Bank Electronics Natural Gas Banking Real Estate Investment Trust Semiconductor Cloud Computing IBD 50 Mobile Devices Insurance Products Software Work From Home Biotechnology