PBUS vs. IUSG ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to iShares Core U.S. Growth ETF (IUSG)

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

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$137.37

Average Daily Volume

436,059

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	IUSG
30 Days	3.61%	3.53%
60 Days	5.14%	5.09%
90 Days	6.91%	6.52%
12 Months	33.43%	37.61%

262 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in IUSG	Overlap
	AAPL	C	6.43%	11.43%	6.43%
	ABBV	D	0.57%	0.36%	0.36%
	ABNB	C	0.12%	0.1%	0.1%
	ACGL	D	0.07%	0.12%	0.07%
	ACM	A	0.03%	0.02%	0.02%
	ACN	C	0.43%	0.39%	0.39%
	ADBE	C	0.43%	0.73%	0.43%
	ADI	D	0.2%	0.2%	0.2%
	ADP	B	0.24%	0.16%	0.16%
	ADSK	A	0.13%	0.11%	0.11%
	AJG	B	0.12%	0.11%	0.11%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	F	0.27%	0.46%	0.27%
	AMD	F	0.43%	0.74%	0.43%
	AME	A	0.09%	0.07%	0.07%
	AMH	D	0.02%	0.02%	0.02%
	AMP	A	0.11%	0.1%	0.1%
	AMT	D	0.18%	0.13%	0.13%
	AMZN	C	3.66%	6.3%	3.66%
	ANET	C	0.2%	0.32%	0.2%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.14%	0.14%	0.14%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.02%	0.03%	0.02%
	APH	A	0.16%	0.16%	0.16%
	AVGO	D	1.39%	2.54%	1.39%
	AVTR	F	0.03%	0.02%	0.02%
	AXON	A	0.08%	0.14%	0.08%
	AXP	A	0.32%	0.37%	0.32%
	AZO	C	0.1%	0.12%	0.1%
	BA	F	0.2%	0.15%	0.15%
	BKNG	A	0.33%	0.55%	0.33%
	BLDR	D	0.04%	0.07%	0.04%
	BMRN	D	0.02%	0.02%	0.02%
	BR	A	0.05%	0.05%	0.05%
	BRO	B	0.05%	0.07%	0.05%
	BSX	B	0.26%	0.24%	0.24%
	BURL	A	0.03%	0.03%	0.03%
	BX	A	0.25%	0.32%	0.25%
	CARR	D	0.12%	0.1%	0.1%
	CAT	B	0.36%	0.35%	0.35%
	CBOE	B	0.04%	0.05%	0.04%
	CCK	C	0.02%	0.02%	0.02%
	CCL	B	0.05%	0.06%	0.05%
	CDNS	B	0.16%	0.27%	0.16%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.14%	0.11%	0.11%
	CELH	F	0.01%	0.01%	0.01%
	CF	B	0.03%	0.03%	0.03%
	CG	A	0.02%	0.02%	0.02%
	CHD	B	0.05%	0.04%	0.04%
	CHRD	D	0.02%	0.03%	0.02%
	CHTR	C	0.07%	0.06%	0.06%
	CL	D	0.14%	0.1%	0.1%
	CME	A	0.16%	0.1%	0.1%
	CMG	B	0.16%	0.27%	0.16%
	COP	C	0.25%	0.3%	0.25%
	COST	B	0.79%	0.57%	0.57%
	CPAY	A	0.05%	0.08%	0.05%
	CPRT	A	0.09%	0.16%	0.09%
	CRM	B	0.61%	1.03%	0.61%
	CRWD	B	0.16%	0.27%	0.16%
	CSGP	D	0.06%	0.04%	0.04%
	CSL	C	0.04%	0.07%	0.04%
	CSX	B	0.13%	0.11%	0.11%
	CTAS	B	0.15%	0.14%	0.14%
	CTRA	B	0.04%	0.04%	0.04%
	DAL	C	0.02%	0.08%	0.02%
	DAY	B	0.02%	0.02%	0.02%
	DE	A	0.2%	0.19%	0.19%
	DECK	A	0.05%	0.09%	0.05%
	DELL	C	0.07%	0.07%	0.07%
	DFS	B	0.08%	0.08%	0.08%
	DHI	D	0.09%	0.16%	0.09%
	DKS	C	0.02%	0.02%	0.02%
	DLR	B	0.12%	0.08%	0.08%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.03%	0.03%
	DT	C	0.03%	0.05%	0.03%
	DVA	B	0.02%	0.01%	0.01%
	DXCM	D	0.06%	0.06%	0.06%
	EA	A	0.08%	0.06%	0.06%
	ECL	D	0.12%	0.1%	0.1%
	EFX	F	0.06%	0.04%	0.04%
	ELS	C	0.02%	0.03%	0.02%
	EME	C	0.05%	0.08%	0.05%
	ENPH	F	0.02%	0.01%	0.01%
	EOG	A	0.15%	0.17%	0.15%
	EPAM	C	0.03%	0.02%	0.02%
	EQH	B	0.03%	0.01%	0.01%
	EQIX	A	0.17%	0.14%	0.14%
	ERIE	D	0.02%	0.02%	0.02%
	ETN	A	0.28%	0.3%	0.28%
	EW	C	0.08%	0.05%	0.05%
	EXPD	D	0.03%	0.02%	0.02%
	EXPE	B	0.04%	0.07%	0.04%
	FANG	D	0.07%	0.11%	0.07%
	FAST	B	0.09%	0.08%	0.08%
	FBIN	D	0.02%	0.01%	0.01%
	FCX	D	0.12%	0.1%	0.1%
	FDS	B	0.03%	0.03%	0.03%
	FI	A	0.25%	0.21%	0.21%
	FICO	B	0.11%	0.18%	0.11%
	FTNT	C	0.12%	0.19%	0.12%
	FTV	C	0.05%	0.09%	0.05%
	GDDY	A	0.05%	0.09%	0.05%
	GE	D	0.37%	0.27%	0.27%
	GEV	B	0.18%	0.13%	0.13%
	GGG	B	0.03%	0.05%	0.03%
	GLPI	C	0.03%	0.02%	0.02%
	GOOG	C	1.73%	2.84%	1.73%
	GOOGL	C	1.99%	3.44%	1.99%
	GRMN	B	0.06%	0.06%	0.06%
	GWW	B	0.1%	0.13%	0.1%
	H	B	0.01%	0.02%	0.01%
	HCA	F	0.13%	0.1%	0.1%
	HD	A	0.76%	0.49%	0.49%
	HES	B	0.08%	0.13%	0.08%
	HLT	A	0.12%	0.2%	0.12%
	HST	C	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.03%	0.03%
	HUBB	B	0.05%	0.04%	0.04%
	HWM	A	0.09%	0.09%	0.09%
	IDXX	F	0.07%	0.06%	0.06%
	INTU	C	0.35%	0.59%	0.35%
	IQV	D	0.07%	0.04%	0.04%
	IR	B	0.08%	0.1%	0.08%
	IRM	D	0.06%	0.06%	0.06%
	ISRG	A	0.37%	0.42%	0.37%
	IT	C	0.08%	0.13%	0.08%
	ITW	B	0.15%	0.11%	0.11%
	JBL	B	0.03%	0.03%	0.03%
	KKR	A	0.18%	0.34%	0.18%
	KLAC	D	0.16%	0.27%	0.16%
	KO	D	0.5%	0.31%	0.31%
	LEN	D	0.08%	0.08%	0.08%
	LII	A	0.04%	0.07%	0.04%
	LIN	D	0.42%	0.37%	0.37%
	LLY	F	1.17%	1.9%	1.17%
	LRCX	F	0.18%	0.3%	0.18%
	LULU	C	0.07%	0.11%	0.07%
	LVS	C	0.04%	0.04%	0.04%
	LW	C	0.02%	0.02%	0.02%
	LYV	A	0.04%	0.07%	0.04%
	MA	C	0.82%	1.02%	0.82%
	MANH	D	0.03%	0.05%	0.03%
	MAR	B	0.13%	0.21%	0.13%
	MAS	D	0.03%	0.03%	0.03%
	MCD	D	0.4%	0.3%	0.3%
	MCHP	D	0.07%	0.07%	0.07%
	MCO	B	0.15%	0.11%	0.11%
	MDLZ	F	0.17%	0.12%	0.12%
	META	D	2.39%	4.04%	2.39%
	MGM	D	0.02%	0.02%	0.02%
	MLM	B	0.07%	0.08%	0.07%
	MMC	B	0.21%	0.19%	0.19%
	MNST	C	0.08%	0.08%	0.08%
	MOH	F	0.03%	0.03%	0.03%
	MPC	D	0.11%	0.1%	0.1%
	MPWR	F	0.05%	0.09%	0.05%
	MRK	F	0.48%	0.32%	0.32%
	MRO	B	0.03%	0.03%	0.03%
	MSCI	C	0.09%	0.09%	0.09%
	MSFT	F	5.65%	10.23%	5.65%
	MSI	B	0.16%	0.16%	0.16%
	MTD	D	0.05%	0.03%	0.03%
	NBIX	C	0.02%	0.04%	0.02%
	NFLX	A	0.73%	1.23%	0.73%
	NKE	D	0.17%	0.13%	0.13%
	NOW	A	0.4%	0.69%	0.4%
	NTAP	C	0.05%	0.03%	0.03%
	NUE	C	0.07%	0.07%	0.07%
	NVDA	C	6.92%	11.91%	6.92%
	NVR	D	0.05%	0.09%	0.05%
	NXPI	D	0.11%	0.14%	0.11%
	OC	A	0.03%	0.06%	0.03%
	ODFL	B	0.08%	0.13%	0.08%
	OKE	A	0.13%	0.14%	0.13%
	ON	D	0.06%	0.04%	0.04%
	ORCL	B	0.61%	0.99%	0.61%
	ORLY	B	0.14%	0.17%	0.14%
	OTIS	C	0.08%	0.05%	0.05%
	OVV	B	0.02%	0.04%	0.02%
	PANW	C	0.24%	0.41%	0.24%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.06%	0.06%
	PCAR	B	0.11%	0.14%	0.11%
	PEP	F	0.42%	0.26%	0.26%
	PG	A	0.78%	0.52%	0.52%
	PGR	A	0.29%	0.25%	0.25%
	PH	A	0.17%	0.23%	0.17%
	PHM	D	0.05%	0.09%	0.05%
	PLTR	B	0.24%	0.42%	0.24%
	PM	B	0.39%	0.25%	0.25%
	PNR	A	0.03%	0.04%	0.03%
	PODD	C	0.04%	0.02%	0.02%
	POOL	C	0.03%	0.03%	0.03%
	PSA	D	0.1%	0.07%	0.07%
	PSTG	D	0.03%	0.05%	0.03%
	PTC	A	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.11%	0.09%
	QCOM	F	0.33%	0.31%	0.31%
	RCL	A	0.11%	0.18%	0.11%
	REGN	F	0.15%	0.16%	0.15%
	ROK	B	0.06%	0.05%	0.05%
	ROL	B	0.03%	0.02%	0.02%
	ROP	B	0.11%	0.08%	0.08%
	ROST	C	0.09%	0.15%	0.09%
	RPM	A	0.03%	0.03%	0.03%
	RS	B	0.04%	0.06%	0.04%
	RSG	A	0.09%	0.08%	0.08%
	SBAC	D	0.05%	0.03%	0.03%
	SBUX	A	0.21%	0.22%	0.21%
	SEIC	B	0.02%	0.01%	0.01%
	SHW	A	0.17%	0.14%	0.14%
	SMCI	F	0.03%	0.05%	0.03%
	SNA	A	0.04%	0.03%	0.03%
	SNPS	B	0.16%	0.27%	0.16%
	SPG	B	0.11%	0.07%	0.07%
	SPGI	C	0.31%	0.23%	0.23%
	STE	F	0.04%	0.04%	0.04%
	STLD	B	0.04%	0.04%	0.04%
	STX	D	0.04%	0.03%	0.03%
	SYK	C	0.26%	0.28%	0.26%
	TDG	D	0.14%	0.23%	0.14%
	TJX	A	0.26%	0.29%	0.26%
	TMO	F	0.38%	0.24%	0.24%
	TPL	A	0.06%	0.06%	0.06%
	TRGP	B	0.08%	0.15%	0.08%
	TSCO	D	0.06%	0.04%	0.04%
	TSLA	B	1.89%	3.16%	1.89%
	TT	A	0.18%	0.21%	0.18%
	TTC	D	0.02%	0.01%	0.01%
	TTWO	A	0.06%	0.05%	0.05%
	TXN	C	0.35%	0.22%	0.22%
	TYL	B	0.05%	0.08%	0.05%
	UBER	D	0.25%	0.48%	0.25%
	ULTA	F	0.03%	0.04%	0.03%
	UNH	C	1.07%	0.67%	0.67%
	UNP	C	0.27%	0.21%	0.21%
	URI	B	0.11%	0.18%	0.11%
	UTHR	C	0.03%	0.02%	0.02%
	V	A	0.93%	1.13%	0.93%
	VMC	B	0.07%	0.08%	0.07%
	VRSK	A	0.08%	0.07%	0.07%
	VRSN	F	0.03%	0.02%	0.02%
	VRTX	F	0.22%	0.24%	0.22%
	VST	B	0.1%	0.18%	0.1%
	WAT	B	0.04%	0.03%	0.03%
	WLK	D	0.01%	0.01%	0.01%
	WM	A	0.17%	0.12%	0.12%
	WMB	A	0.14%	0.09%	0.09%
	WSM	B	0.04%	0.06%	0.04%
	WSO	A	0.04%	0.06%	0.04%
	WST	C	0.04%	0.07%	0.04%
	WTRG	B	0.02%	0.02%	0.02%
	WYNN	D	0.02%	0.03%	0.02%
	YUM	B	0.07%	0.06%	0.06%
	ZTS	D	0.15%	0.14%	0.14%

PBUS Overweight 322 Positions Relative to IUSG

	Symbol	Grade	Weight
	JPM	A	1.33%
	BRK.A	B	1.2%
	XOM	B	1.04%
	WMT	A	0.74%
	JNJ	D	0.71%
	BAC	A	0.62%
	CVX	A	0.54%
	WFC	A	0.49%
	CSCO	B	0.45%
	DIS	B	0.4%
	ABT	B	0.39%
	IBM	C	0.38%
	GS	A	0.36%
	VZ	C	0.34%
	T	A	0.32%
	CMCSA	B	0.32%
	RTX	C	0.31%
	MS	A	0.31%
	AMGN	D	0.3%
	DHR	F	0.3%
	NEE	D	0.3%
	LOW	D	0.29%
	BLK	C	0.29%
	HON	B	0.28%
	PFE	D	0.27%
	C	A	0.25%
	TMUS	B	0.24%
	BMY	B	0.23%
	SCHW	B	0.23%
	LMT	D	0.22%
	MDT	D	0.21%
	CB	C	0.21%
	MU	D	0.21%
	GILD	C	0.21%
	INTC	D	0.2%
	PLD	D	0.2%
	SO	D	0.19%
	UPS	C	0.19%
	CI	F	0.18%
	ELV	F	0.18%
	MO	A	0.18%
	MELI	D	0.17%
	DUK	C	0.17%
	ICE	C	0.17%
	PNC	B	0.16%
	MCK	B	0.16%
	WELL	A	0.16%
	PYPL	B	0.16%
	MRVL	B	0.15%
	USB	A	0.15%
	MMM	D	0.14%
	CVS	D	0.14%
	APD	A	0.14%
	EMR	A	0.14%
	MSTR	C	0.14%
	APO	B	0.13%
	GD	F	0.13%
	APP	B	0.13%
	FDX	B	0.13%
	COF	B	0.13%
	NOC	D	0.13%
	COIN	C	0.12%
	TFC	A	0.12%
	SLB	C	0.12%
	GM	B	0.12%
	BDX	F	0.12%
	WDAY	B	0.11%
	TTD	B	0.11%
	PSX	C	0.11%
	KMI	A	0.11%
	JCI	C	0.11%
	TGT	F	0.11%
	BK	A	0.11%
	NSC	B	0.11%
	SRE	A	0.11%
	TRV	B	0.11%
	AFL	B	0.11%
	CMI	A	0.1%
	NEM	D	0.1%
	AIG	B	0.1%
	O	D	0.1%
	MET	A	0.1%
	SQ	B	0.1%
	LNG	B	0.1%
	AEP	D	0.1%
	ALL	A	0.1%
	DASH	A	0.1%
	PRU	A	0.09%
	BKR	B	0.09%
	PEG	A	0.09%
	CCI	D	0.09%
	KVUE	A	0.09%
	KMB	D	0.09%
	VLO	C	0.09%
	LHX	C	0.09%
	FLUT	A	0.09%
	FIS	C	0.09%
	WCN	A	0.09%
	D	C	0.09%
	VRT	B	0.09%
	EXC	C	0.08%
	SNOW	C	0.08%
	TEAM	A	0.08%
	KR	B	0.08%
	STZ	D	0.08%
	CBRE	B	0.08%
	CTVA	C	0.08%
	F	C	0.08%
	PCG	A	0.08%
	COR	B	0.08%
	OXY	D	0.07%
	DD	D	0.07%
	WAB	B	0.07%
	NDAQ	A	0.07%
	KDP	D	0.07%
	EXR	D	0.07%
	HIG	B	0.07%
	HUM	C	0.07%
	RMD	C	0.07%
	GIS	D	0.07%
	MTB	A	0.07%
	HPQ	B	0.07%
	SYY	B	0.07%
	GEHC	F	0.07%
	A	D	0.07%
	DDOG	A	0.07%
	CTSH	B	0.07%
	GLW	B	0.07%
	XEL	A	0.07%
	PPG	F	0.06%
	STT	A	0.06%
	KEYS	A	0.06%
	SW	A	0.06%
	NET	B	0.06%
	CAH	B	0.06%
	GPN	B	0.06%
	XYL	D	0.06%
	EBAY	D	0.06%
	DOW	F	0.06%
	WEC	A	0.06%
	FITB	A	0.06%
	CNC	D	0.06%
	ALNY	D	0.06%
	WTW	B	0.06%
	ARES	A	0.06%
	ETR	B	0.06%
	VEEV	C	0.06%
	AVB	B	0.06%
	RJF	A	0.06%
	HUBS	A	0.06%
	EIX	B	0.06%
	VICI	C	0.06%
	ED	D	0.06%
	LPLA	A	0.05%
	CINF	A	0.05%
	RF	A	0.05%
	RBLX	C	0.05%
	DVN	F	0.05%
	AEE	A	0.05%
	DTE	C	0.05%
	PPL	B	0.05%
	HBAN	A	0.05%
	EQR	B	0.05%
	SYF	B	0.05%
	VLTO	D	0.05%
	EQT	B	0.05%
	VTR	C	0.05%
	TROW	B	0.05%
	ADM	D	0.05%
	AWK	D	0.05%
	DOV	A	0.05%
	HPE	B	0.05%
	HAL	C	0.05%
	KHC	F	0.05%
	MAA	B	0.04%
	HOLX	D	0.04%
	ZS	C	0.04%
	FSLR	F	0.04%
	BALL	D	0.04%
	BAH	F	0.04%
	WRB	A	0.04%
	HOOD	B	0.04%
	ZBRA	B	0.04%
	TRU	D	0.04%
	IP	B	0.04%
	MKC	D	0.04%
	DKNG	B	0.04%
	ESS	B	0.04%
	OMC	C	0.04%
	LH	C	0.04%
	NRG	B	0.04%
	ZM	B	0.04%
	PFG	D	0.04%
	CNP	B	0.04%
	INVH	D	0.04%
	CMS	C	0.04%
	WDC	D	0.04%
	MDB	C	0.04%
	LDOS	C	0.04%
	CFG	B	0.04%
	CLX	B	0.04%
	ILMN	D	0.04%
	LYB	F	0.04%
	MKL	A	0.04%
	ES	D	0.04%
	ATO	A	0.04%
	TDY	B	0.04%
	NTRS	A	0.04%
	FCNCA	A	0.04%
	K	A	0.04%
	PKG	A	0.04%
	WY	D	0.04%
	ZBH	C	0.04%
	BIIB	F	0.04%
	IFF	D	0.04%
	FE	C	0.04%
	WBD	C	0.04%
	DLTR	F	0.03%
	REG	B	0.03%
	SWKS	F	0.03%
	UDR	B	0.03%
	RVTY	F	0.03%
	NDSN	B	0.03%
	APTV	D	0.03%
	FFIV	B	0.03%
	JBHT	C	0.03%
	ENTG	D	0.03%
	EVRG	A	0.03%
	AMCR	D	0.03%
	DOC	D	0.03%
	EL	F	0.03%
	TOST	B	0.03%
	FNF	B	0.03%
	TW	A	0.03%
	VTRS	A	0.03%
	TXT	D	0.03%
	AVY	D	0.03%
	HEI	B	0.03%
	LNT	A	0.03%
	SUI	D	0.03%
	L	A	0.03%
	EG	C	0.03%
	DG	F	0.03%
	DOCU	A	0.03%
	TER	D	0.03%
	SSNC	B	0.03%
	TWLO	A	0.03%
	ARE	D	0.03%
	GEN	B	0.03%
	BAX	D	0.03%
	NI	A	0.03%
	IEX	B	0.03%
	GPC	D	0.03%
	KIM	A	0.03%
	J	F	0.03%
	TRMB	B	0.03%
	PINS	D	0.03%
	DGX	A	0.03%
	KEY	B	0.03%
	BBY	D	0.03%
	TSN	B	0.03%
	MOS	F	0.02%
	CPB	D	0.02%
	CRBG	B	0.02%
	TFX	F	0.02%
	ROKU	D	0.02%
	HRL	D	0.02%
	KNX	B	0.02%
	CRL	C	0.02%
	AES	F	0.02%
	HSIC	B	0.02%
	ALLY	C	0.02%
	EXAS	D	0.02%
	MKTX	D	0.02%
	SOLV	C	0.02%
	RPRX	D	0.02%
	CNH	C	0.02%
	AFG	A	0.02%
	LKQ	D	0.02%
	CTLT	B	0.02%
	TECH	D	0.02%
	FOXA	B	0.02%
	IOT	A	0.02%
	IPG	D	0.02%
	AIZ	A	0.02%
	NWSA	B	0.02%
	SNAP	C	0.02%
	TAP	C	0.02%
	JNPR	F	0.02%
	INCY	C	0.02%
	BXP	D	0.02%
	SJM	D	0.02%
	KMX	B	0.02%
	EMN	D	0.02%
	HEI	B	0.02%
	Z	A	0.02%
	OKTA	C	0.02%
	UHS	D	0.02%
	MRNA	F	0.02%
	WPC	D	0.02%
	JKHY	D	0.02%
	CHRW	C	0.02%
	BG	F	0.02%
	CPT	B	0.02%
	ALB	C	0.02%
	CAG	D	0.02%
	SWK	D	0.02%
	LUV	C	0.01%
	UHAL	D	0.01%
	WBA	F	0.01%
	FOX	A	0.01%
	PARA	C	0.01%
	BEN	C	0.01%
	QRVO	F	0.01%
	BBWI	D	0.01%
	DINO	D	0.01%
	BIO	D	0.01%
	ACI	C	0.01%
	RIVN	F	0.01%
	HII	D	0.01%
	BSY	D	0.01%
	MTCH	D	0.01%

PBUS Underweight 225 Positions Relative to IUSG

	Symbol	Grade	Weight
	FIX	A	-0.06%
	TEL	B	-0.06%
	CASY	A	-0.05%
	TOL	B	-0.05%
	FND	C	-0.04%
	TTEK	F	-0.04%
	NCLH	B	-0.04%
	LECO	B	-0.04%
	DUOL	A	-0.04%
	IBKR	A	-0.04%
	BWXT	B	-0.04%
	ITT	A	-0.04%
	CLH	B	-0.04%
	TXRH	C	-0.04%
	NVT	B	-0.04%
	SAIA	B	-0.04%
	UFPI	B	-0.03%
	EWBC	A	-0.03%
	HRB	D	-0.03%
	HLNE	B	-0.03%
	ONTO	D	-0.03%
	MEDP	D	-0.03%
	SKX	D	-0.03%
	LNW	D	-0.03%
	XPO	B	-0.03%
	SRPT	D	-0.03%
	ENSG	D	-0.03%
	PLNT	A	-0.03%
	RRC	B	-0.03%
	COO	D	-0.03%
	AXTA	A	-0.03%
	NYT	C	-0.03%
	PCTY	B	-0.03%
	CR	A	-0.03%
	AAON	B	-0.03%
	CW	B	-0.03%
	FN	D	-0.03%
	MORN	B	-0.03%
	WMS	D	-0.03%
	TPX	B	-0.03%
	PEN	B	-0.03%
	RBC	A	-0.03%
	PR	B	-0.03%
	EXEL	B	-0.03%
	HLI	B	-0.03%
	MUSA	A	-0.03%
	WING	D	-0.03%
	PRI	A	-0.03%
	EXP	A	-0.03%
	AIT	A	-0.03%
	CHDN	B	-0.03%
	WWD	B	-0.03%
	KNSL	B	-0.03%
	BLD	D	-0.03%
	FIVE	F	-0.02%
	HQY	B	-0.02%
	EHC	B	-0.02%
	MASI	A	-0.02%
	RL	B	-0.02%
	RLI	B	-0.02%
	LOPE	B	-0.02%
	CZR	F	-0.02%
	AYI	B	-0.02%
	WH	B	-0.02%
	CNM	D	-0.02%
	WAL	B	-0.02%
	CHE	D	-0.02%
	BYD	C	-0.02%
	VVV	F	-0.02%
	EGP	F	-0.02%
	RGLD	C	-0.02%
	BRBR	A	-0.02%
	QLYS	C	-0.02%
	NXT	C	-0.02%
	APPF	B	-0.02%
	DCI	B	-0.02%
	OLLI	D	-0.02%
	LNTH	D	-0.02%
	RMBS	C	-0.02%
	HALO	F	-0.02%
	WTS	B	-0.02%
	CROX	D	-0.02%
	VNT	B	-0.02%
	CNX	A	-0.02%
	WFRD	D	-0.02%
	CUBE	D	-0.02%
	ALTR	B	-0.02%
	SFM	A	-0.02%
	DBX	B	-0.02%
	SCI	B	-0.02%
	DTM	B	-0.02%
	GNRC	B	-0.02%
	FOUR	B	-0.02%
	MTDR	B	-0.02%
	ATR	B	-0.02%
	LAMR	D	-0.02%
	MSA	D	-0.02%
	RGEN	D	-0.02%
	LSCC	D	-0.02%
	ELF	C	-0.02%
	FCN	D	-0.02%
	ESAB	B	-0.02%
	COKE	C	-0.02%
	GTLS	B	-0.02%
	RYAN	B	-0.02%
	OLED	D	-0.02%
	WEX	D	-0.02%
	EVR	B	-0.02%
	ANF	C	-0.02%
	SSD	D	-0.02%
	TREX	C	-0.02%
	RNR	C	-0.02%
	HGV	B	-0.01%
	RYN	D	-0.01%
	IBOC	A	-0.01%
	WEN	D	-0.01%
	ENS	D	-0.01%
	IRDM	D	-0.01%
	POWI	D	-0.01%
	LANC	C	-0.01%
	MSM	C	-0.01%
	CAR	C	-0.01%
	TKR	D	-0.01%
	OPCH	D	-0.01%
	TEX	D	-0.01%
	BLKB	B	-0.01%
	CHWY	B	-0.01%
	GATX	A	-0.01%
	RH	B	-0.01%
	SHC	F	-0.01%
	MUR	D	-0.01%
	OLN	D	-0.01%
	EPR	D	-0.01%
	FFIN	B	-0.01%
	YETI	C	-0.01%
	SLM	A	-0.01%
	SAIC	F	-0.01%
	EEFT	B	-0.01%
	ARWR	F	-0.01%
	MTG	C	-0.01%
	IDA	A	-0.01%
	DLB	B	-0.01%
	HXL	D	-0.01%
	HWC	B	-0.01%
	COTY	F	-0.01%
	EXPO	D	-0.01%
	CYTK	F	-0.01%
	HAE	C	-0.01%
	MAT	D	-0.01%
	OZK	B	-0.01%
	TNL	A	-0.01%
	KBH	D	-0.01%
	TDC	D	-0.01%
	VAL	D	-0.01%
	NNN	D	-0.01%
	CGNX	C	-0.01%
	PK	B	-0.01%
	ROIV	C	-0.01%
	DOCS	C	-0.01%
	VOYA	B	-0.01%
	AM	A	-0.01%
	CRUS	D	-0.01%
	JAZZ	B	-0.01%
	BC	C	-0.01%
	PSN	D	-0.01%
	SLAB	D	-0.01%
	BRKR	D	-0.01%
	AZPN	A	-0.01%
	KEX	C	-0.01%
	SIGI	C	-0.01%
	ALTM	C	-0.01%
	STAG	F	-0.01%
	FR	C	-0.01%
	INGR	B	-0.01%
	MKSI	C	-0.01%
	TKO	B	-0.01%
	VNOM	A	-0.01%
	ACHC	F	-0.01%
	MIDD	C	-0.01%
	NOVT	D	-0.01%
	CBSH	A	-0.01%
	MMS	F	-0.01%
	REXR	F	-0.01%
	FLS	B	-0.01%
	WMG	C	-0.01%
	KBR	F	-0.01%
	CACI	D	-0.01%
	CFR	B	-0.01%
	CIEN	B	-0.01%
	EXLS	B	-0.01%
	PNFP	B	-0.01%
	BCO	D	-0.01%
	KNF	A	-0.01%
	FCFS	F	-0.01%
	BRX	A	-0.01%
	CHX	C	-0.01%
	CBT	C	-0.01%
	NEU	C	-0.01%
	OHI	C	-0.01%
	ALV	C	-0.01%
	MTN	C	-0.01%
	LFUS	F	-0.01%
	LSTR	D	-0.01%
	MTSI	B	-0.01%
	GNTX	C	-0.01%
	LPX	B	-0.01%
	GXO	B	-0.01%
	CVLT	B	-0.01%
	CIVI	D	-0.01%
	IPGP	D	-0.0%
	ZI	D	-0.0%
	LIVN	F	-0.0%
	ALGM	D	-0.0%
	VC	D	-0.0%
	CPRI	F	-0.0%
	AZTA	D	-0.0%
	SYNA	C	-0.0%
	SMG	D	-0.0%
	AMED	F	-0.0%
	NSP	D	-0.0%
	CDP	C	-0.0%
	SAM	C	-0.0%
	COLM	B	-0.0%
	NSA	D	-0.0%
	CHH	A	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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 Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50

IUSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Semiconductors Oil & Gas E&P Biotechnology Building Materials Specialty Retail Diagnostics & Research Specialty Chemicals Restaurants Banks - Regional - US Leisure Semiconductor Equipment & Materials Software - Infrastructure Asset Management Capital Markets Medical Care Medical Devices REIT - Industrial

Keywords: S&P 500 Nasdaq 100 Computing Electronics Natural Gas Chemical Mining Semiconductor Aerospace Insurance Construction IBD 50 Integrated Circuits Medicine Building Materials Dow Jones Component Real Estate Investment Trust Telecommunications Banking Transport