PBUS vs. IWF ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to iShares Russell 1000 Growth ETF (IWF)

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

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization 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 1000 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$394.12

Average Daily Volume

1,241,174

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	IWF
30 Days	3.61%	4.08%
60 Days	5.14%	5.69%
90 Days	6.91%	7.23%
12 Months	33.43%	35.89%

244 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in IWF	Overlap
	AAPL	C	6.38%	11.4%	6.38%
	ABBV	D	0.57%	0.45%	0.45%
	ABNB	C	0.11%	0.2%	0.11%
	ADBE	C	0.45%	0.81%	0.45%
	ADP	B	0.24%	0.4%	0.24%
	ADSK	A	0.13%	0.23%	0.13%
	AJG	B	0.12%	0.01%	0.01%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.03%	0.03%
	ALLY	C	0.02%	0.0%	0.0%
	ALNY	D	0.06%	0.1%	0.06%
	AMAT	F	0.3%	0.49%	0.3%
	AMD	F	0.43%	0.51%	0.43%
	AMGN	D	0.3%	0.42%	0.3%
	AMP	A	0.11%	0.18%	0.11%
	AMT	D	0.17%	0.31%	0.17%
	AMZN	C	3.8%	6.75%	3.8%
	ANET	C	0.2%	0.34%	0.2%
	APH	A	0.17%	0.17%	0.17%
	APO	B	0.13%	0.22%	0.13%
	APP	B	0.11%	0.26%	0.11%
	ARES	A	0.06%	0.11%	0.06%
	AVGO	D	1.45%	2.66%	1.45%
	AVY	D	0.03%	0.02%	0.02%
	AXON	A	0.08%	0.15%	0.08%
	AXP	A	0.32%	0.21%	0.21%
	AZO	C	0.1%	0.17%	0.1%
	BA	F	0.19%	0.05%	0.05%
	BAH	F	0.04%	0.07%	0.04%
	BKNG	A	0.32%	0.55%	0.32%
	BLDR	D	0.04%	0.01%	0.01%
	BR	A	0.05%	0.08%	0.05%
	BRO	B	0.05%	0.04%	0.04%
	BSY	D	0.01%	0.02%	0.01%
	BURL	A	0.03%	0.06%	0.03%
	BX	A	0.25%	0.44%	0.25%
	CAH	B	0.06%	0.06%	0.06%
	CAT	B	0.36%	0.09%	0.09%
	CDNS	B	0.16%	0.28%	0.16%
	CDW	F	0.05%	0.04%	0.04%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.14%	0.04%	0.04%
	CELH	F	0.01%	0.02%	0.01%
	CI	F	0.18%	0.03%	0.03%
	CL	D	0.14%	0.14%	0.14%
	CLX	B	0.04%	0.07%	0.04%
	CMG	B	0.16%	0.28%	0.16%
	COIN	C	0.1%	0.16%	0.1%
	COR	B	0.08%	0.14%	0.08%
	COST	B	0.79%	1.41%	0.79%
	CPAY	A	0.05%	0.09%	0.05%
	CPRT	A	0.1%	0.16%	0.1%
	CRM	B	0.62%	0.91%	0.62%
	CRWD	B	0.15%	0.27%	0.15%
	CSL	C	0.04%	0.01%	0.01%
	CTAS	B	0.15%	0.24%	0.15%
	DASH	A	0.1%	0.18%	0.1%
	DAY	B	0.02%	0.0%	0.0%
	DDOG	A	0.07%	0.14%	0.07%
	DECK	A	0.05%	0.09%	0.05%
	DELL	C	0.07%	0.02%	0.02%
	DKNG	B	0.03%	0.06%	0.03%
	DKS	C	0.02%	0.0%	0.0%
	DOCU	A	0.03%	0.06%	0.03%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.04%	0.04%	0.04%
	DT	C	0.03%	0.05%	0.03%
	DVA	B	0.02%	0.03%	0.02%
	DXCM	D	0.06%	0.1%	0.06%
	ECL	D	0.12%	0.18%	0.12%
	EFX	F	0.06%	0.02%	0.02%
	EG	C	0.03%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.18%	0.05%	0.05%
	EME	C	0.04%	0.03%	0.03%
	ENPH	F	0.02%	0.03%	0.02%
	ENTG	D	0.03%	0.05%	0.03%
	EPAM	C	0.03%	0.0%	0.0%
	EQH	B	0.03%	0.05%	0.03%
	EQIX	A	0.17%	0.02%	0.02%
	EQT	B	0.05%	0.01%	0.01%
	EW	C	0.08%	0.03%	0.03%
	EXAS	D	0.02%	0.01%	0.01%
	EXPD	D	0.03%	0.01%	0.01%
	EXPE	B	0.04%	0.08%	0.04%
	FAST	B	0.09%	0.14%	0.09%
	FDS	B	0.04%	0.02%	0.02%
	FI	A	0.24%	0.13%	0.13%
	FICO	B	0.11%	0.16%	0.11%
	FTNT	C	0.12%	0.17%	0.12%
	GDDY	A	0.05%	0.09%	0.05%
	GE	D	0.37%	0.14%	0.14%
	GEHC	F	0.07%	0.01%	0.01%
	GOOG	C	1.72%	3.0%	1.72%
	GOOGL	C	1.98%	3.55%	1.98%
	GS	A	0.36%	0.17%	0.17%
	GWW	B	0.1%	0.15%	0.1%
	H	B	0.01%	0.0%	0.0%
	HCA	F	0.13%	0.05%	0.05%
	HD	A	0.77%	1.1%	0.77%
	HEI	B	0.02%	0.04%	0.02%
	HEI	B	0.02%	0.06%	0.02%
	HEI	B	0.03%	0.06%	0.03%
	HEI	B	0.03%	0.04%	0.03%
	HES	B	0.08%	0.09%	0.08%
	HLT	A	0.12%	0.11%	0.11%
	HON	B	0.29%	0.08%	0.08%
	HPQ	B	0.07%	0.03%	0.03%
	HSY	F	0.05%	0.01%	0.01%
	HUBS	A	0.06%	0.12%	0.06%
	HWM	A	0.08%	0.01%	0.01%
	IDXX	F	0.07%	0.12%	0.07%
	INCY	C	0.02%	0.0%	0.0%
	INTU	C	0.38%	0.66%	0.38%
	IQV	D	0.07%	0.01%	0.01%
	IRM	D	0.06%	0.06%	0.06%
	ISRG	A	0.37%	0.65%	0.37%
	IT	C	0.08%	0.14%	0.08%
	ITW	B	0.16%	0.1%	0.1%
	JBL	B	0.03%	0.0%	0.0%
	KKR	A	0.18%	0.1%	0.1%
	KLAC	D	0.17%	0.3%	0.17%
	KMB	D	0.09%	0.06%	0.06%
	KMX	B	0.02%	0.0%	0.0%
	KO	D	0.49%	0.48%	0.48%
	LII	A	0.04%	0.07%	0.04%
	LLY	F	1.22%	2.16%	1.22%
	LMT	D	0.22%	0.13%	0.13%
	LNG	B	0.09%	0.09%	0.09%
	LPLA	A	0.04%	0.08%	0.04%
	LRCX	F	0.19%	0.34%	0.19%
	LULU	C	0.07%	0.14%	0.07%
	LVS	C	0.03%	0.06%	0.03%
	LW	C	0.02%	0.01%	0.01%
	LYV	A	0.04%	0.07%	0.04%
	MA	C	0.83%	1.48%	0.83%
	MANH	D	0.03%	0.06%	0.03%
	MCD	D	0.41%	0.05%	0.05%
	MCK	B	0.15%	0.12%	0.12%
	MCO	B	0.15%	0.26%	0.15%
	MDB	C	0.04%	0.07%	0.04%
	META	D	2.43%	4.35%	2.43%
	MKL	A	0.04%	0.02%	0.02%
	MLM	B	0.07%	0.01%	0.01%
	MMC	B	0.21%	0.05%	0.05%
	MMM	D	0.14%	0.05%	0.05%
	MNST	C	0.08%	0.11%	0.08%
	MOH	F	0.03%	0.04%	0.03%
	MPWR	F	0.05%	0.09%	0.05%
	MRK	F	0.48%	0.86%	0.48%
	MRVL	B	0.15%	0.02%	0.02%
	MS	A	0.31%	0.03%	0.03%
	MSCI	C	0.09%	0.09%	0.09%
	MSFT	F	5.79%	10.91%	5.79%
	MSI	B	0.16%	0.13%	0.13%
	MSTR	C	0.1%	0.01%	0.01%
	NBIX	C	0.02%	0.04%	0.02%
	NET	B	0.05%	0.09%	0.05%
	NFLX	A	0.69%	1.23%	0.69%
	NKE	D	0.18%	0.19%	0.18%
	NOW	A	0.41%	0.73%	0.41%
	NRG	B	0.04%	0.03%	0.03%
	NTAP	C	0.05%	0.04%	0.04%
	NVDA	C	6.93%	11.8%	6.93%
	ODFL	B	0.08%	0.15%	0.08%
	OKTA	C	0.02%	0.02%	0.02%
	ORCL	B	0.59%	1.01%	0.59%
	ORLY	B	0.14%	0.22%	0.14%
	PANW	C	0.24%	0.42%	0.24%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.06%	0.06%
	PEP	F	0.44%	0.62%	0.44%
	PG	A	0.76%	0.3%	0.3%
	PGR	A	0.29%	0.44%	0.29%
	PINS	D	0.03%	0.06%	0.03%
	PLTR	B	0.23%	0.41%	0.23%
	PODD	C	0.03%	0.06%	0.03%
	POOL	C	0.03%	0.05%	0.03%
	PSA	D	0.1%	0.03%	0.03%
	PSTG	D	0.03%	0.05%	0.03%
	PTC	A	0.04%	0.05%	0.04%
	PWR	A	0.09%	0.05%	0.05%
	QCOM	F	0.35%	0.59%	0.35%
	RBLX	C	0.05%	0.09%	0.05%
	RCL	A	0.11%	0.07%	0.07%
	REGN	F	0.16%	0.02%	0.02%
	RMD	C	0.06%	0.03%	0.03%
	ROK	B	0.06%	0.01%	0.01%
	ROKU	D	0.02%	0.0%	0.0%
	ROL	B	0.03%	0.05%	0.03%
	ROST	C	0.09%	0.04%	0.04%
	RPM	A	0.03%	0.01%	0.01%
	SBUX	A	0.22%	0.3%	0.22%
	SCHW	B	0.23%	0.04%	0.04%
	SHW	A	0.18%	0.29%	0.18%
	SMCI	F	0.02%	0.03%	0.02%
	SNOW	C	0.07%	0.14%	0.07%
	SNPS	B	0.16%	0.29%	0.16%
	SPG	B	0.11%	0.05%	0.05%
	SQ	B	0.09%	0.07%	0.07%
	SYK	C	0.25%	0.14%	0.14%
	SYY	B	0.07%	0.08%	0.07%
	TDG	D	0.14%	0.05%	0.05%
	TEAM	A	0.08%	0.13%	0.08%
	TER	D	0.03%	0.05%	0.03%
	TJX	A	0.26%	0.28%	0.26%
	TOST	B	0.03%	0.06%	0.03%
	TPL	A	0.05%	0.09%	0.05%
	TRGP	B	0.08%	0.14%	0.08%
	TRU	D	0.04%	0.0%	0.0%
	TSCO	D	0.06%	0.1%	0.06%
	TSLA	B	1.71%	2.97%	1.71%
	TT	A	0.18%	0.11%	0.11%
	TTD	B	0.11%	0.19%	0.11%
	TW	A	0.03%	0.02%	0.02%
	TWLO	A	0.03%	0.01%	0.01%
	TXN	C	0.36%	0.08%	0.08%
	TYL	B	0.05%	0.08%	0.05%
	UBER	D	0.26%	0.49%	0.26%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	C	1.05%	0.13%	0.13%
	UNP	C	0.28%	0.24%	0.24%
	URI	B	0.11%	0.05%	0.05%
	V	A	0.93%	1.67%	0.93%
	VEEV	C	0.07%	0.12%	0.07%
	VLTO	D	0.05%	0.04%	0.04%
	VMC	B	0.07%	0.03%	0.03%
	VRSK	A	0.08%	0.14%	0.08%
	VRSN	F	0.03%	0.0%	0.0%
	VRT	B	0.08%	0.15%	0.08%
	VRTX	F	0.24%	0.22%	0.22%
	VST	B	0.09%	0.16%	0.09%
	WAT	B	0.04%	0.05%	0.04%
	WDAY	B	0.11%	0.2%	0.11%
	WM	A	0.17%	0.31%	0.17%
	WSM	B	0.03%	0.03%	0.03%
	WST	C	0.05%	0.05%	0.05%
	WYNN	D	0.02%	0.0%	0.0%
	YUM	B	0.07%	0.05%	0.05%
	ZBRA	B	0.04%	0.01%	0.01%
	ZS	C	0.04%	0.07%	0.04%
	ZTS	D	0.15%	0.23%	0.15%

PBUS Overweight 343 Positions Relative to IWF

	Symbol	Grade	Weight
	JPM	A	1.33%
	BRK.A	B	1.19%
	XOM	B	1.04%
	WMT	A	0.72%
	JNJ	D	0.7%
	BAC	A	0.62%
	CVX	A	0.54%
	WFC	A	0.49%
	CSCO	B	0.45%
	ACN	C	0.44%
	LIN	D	0.42%
	TMO	F	0.39%
	DIS	B	0.38%
	PM	B	0.38%
	ABT	B	0.38%
	IBM	C	0.37%
	CMCSA	B	0.33%
	VZ	C	0.33%
	DHR	F	0.31%
	T	A	0.31%
	SPGI	C	0.31%
	LOW	D	0.3%
	NEE	D	0.3%
	BLK	C	0.3%
	RTX	C	0.3%
	ETN	A	0.28%
	PFE	D	0.28%
	BSX	B	0.25%
	C	A	0.25%
	COP	C	0.25%
	TMUS	B	0.24%
	BMY	B	0.23%
	GILD	C	0.22%
	MU	D	0.21%
	MDT	D	0.21%
	CB	C	0.21%
	DE	A	0.2%
	ADI	D	0.2%
	PLD	D	0.2%
	INTC	D	0.2%
	UPS	C	0.19%
	SO	D	0.18%
	MO	A	0.18%
	MDLZ	F	0.17%
	GEV	B	0.17%
	ICE	C	0.17%
	PH	A	0.17%
	PNC	B	0.16%
	MELI	D	0.16%
	PYPL	B	0.16%
	DUK	C	0.16%
	EOG	A	0.15%
	USB	A	0.15%
	CME	A	0.15%
	WELL	A	0.15%
	TGT	F	0.14%
	EMR	A	0.14%
	AON	A	0.14%
	BDX	F	0.13%
	GM	B	0.13%
	WMB	A	0.13%
	FDX	B	0.13%
	GD	F	0.13%
	MAR	B	0.13%
	CVS	D	0.13%
	CSX	B	0.13%
	COF	B	0.13%
	APD	A	0.13%
	NOC	D	0.13%
	PCAR	B	0.12%
	ROP	B	0.12%
	CARR	D	0.12%
	TFC	A	0.12%
	FCX	D	0.12%
	SLB	C	0.12%
	OKE	A	0.12%
	PSX	C	0.11%
	MPC	D	0.11%
	NXPI	D	0.11%
	SRE	A	0.11%
	JCI	C	0.11%
	BK	A	0.11%
	DLR	B	0.11%
	AFL	B	0.11%
	TRV	B	0.11%
	NSC	B	0.11%
	AEP	D	0.1%
	CMI	A	0.1%
	MET	A	0.1%
	AIG	B	0.1%
	KMI	A	0.1%
	CCI	D	0.09%
	AME	A	0.09%
	PRU	A	0.09%
	KVUE	A	0.09%
	VLO	C	0.09%
	RSG	A	0.09%
	NEM	D	0.09%
	D	C	0.09%
	LHX	C	0.09%
	WCN	A	0.09%
	FLUT	A	0.09%
	DHI	D	0.09%
	O	D	0.09%
	FIS	C	0.09%
	STZ	D	0.08%
	CTVA	C	0.08%
	CTSH	B	0.08%
	OTIS	C	0.08%
	KR	B	0.08%
	CBRE	B	0.08%
	LEN	D	0.08%
	EA	A	0.08%
	IR	B	0.08%
	PCG	A	0.08%
	PEG	A	0.08%
	DFS	B	0.08%
	BKR	B	0.08%
	F	C	0.08%
	HUM	C	0.07%
	FANG	D	0.07%
	HIG	B	0.07%
	EXR	D	0.07%
	WAB	B	0.07%
	DD	D	0.07%
	MCHP	D	0.07%
	NUE	C	0.07%
	MTB	A	0.07%
	KDP	D	0.07%
	GIS	D	0.07%
	CHTR	C	0.07%
	ACGL	D	0.07%
	A	D	0.07%
	XEL	A	0.07%
	GLW	B	0.07%
	EXC	C	0.07%
	KHC	F	0.06%
	ON	D	0.06%
	ANSS	B	0.06%
	PPG	F	0.06%
	XYL	D	0.06%
	GPN	B	0.06%
	WEC	A	0.06%
	TTWO	A	0.06%
	CSGP	D	0.06%
	CNC	D	0.06%
	EBAY	D	0.06%
	ETR	B	0.06%
	DOW	F	0.06%
	EIX	B	0.06%
	RJF	A	0.06%
	GRMN	B	0.06%
	FITB	A	0.06%
	AVB	B	0.06%
	WTW	B	0.06%
	ED	D	0.06%
	VICI	C	0.06%
	NDAQ	A	0.06%
	OXY	D	0.06%
	BIIB	F	0.05%
	AEE	A	0.05%
	RF	A	0.05%
	HUBB	B	0.05%
	CCL	B	0.05%
	PPL	B	0.05%
	DTE	C	0.05%
	DVN	F	0.05%
	EQR	B	0.05%
	HBAN	A	0.05%
	SYF	B	0.05%
	VTR	C	0.05%
	AWK	D	0.05%
	ADM	D	0.05%
	SW	A	0.05%
	CHD	B	0.05%
	FTV	C	0.05%
	TROW	B	0.05%
	HAL	C	0.05%
	KEYS	A	0.05%
	PHM	D	0.05%
	HPE	B	0.05%
	MTD	D	0.05%
	DOV	A	0.05%
	NVR	D	0.05%
	STT	A	0.05%
	TSN	B	0.04%
	HOLX	D	0.04%
	WSO	A	0.04%
	IP	B	0.04%
	WRB	A	0.04%
	MKC	D	0.04%
	BBY	D	0.04%
	CNP	B	0.04%
	CTRA	B	0.04%
	BALL	D	0.04%
	STX	D	0.04%
	ESS	B	0.04%
	LH	C	0.04%
	SNA	A	0.04%
	FSLR	F	0.04%
	CMS	C	0.04%
	INVH	D	0.04%
	PFG	D	0.04%
	WDC	D	0.04%
	STLD	B	0.04%
	OMC	C	0.04%
	ZM	B	0.04%
	CBOE	B	0.04%
	FCNCA	A	0.04%
	LYB	F	0.04%
	CFG	B	0.04%
	ES	D	0.04%
	PKG	A	0.04%
	ATO	A	0.04%
	NTRS	A	0.04%
	LDOS	C	0.04%
	STE	F	0.04%
	K	A	0.04%
	FE	C	0.04%
	TDY	B	0.04%
	ZBH	C	0.04%
	WY	D	0.04%
	WBD	C	0.04%
	IFF	D	0.04%
	ILMN	D	0.04%
	CINF	A	0.04%
	SBAC	D	0.04%
	MRNA	F	0.03%
	GLPI	C	0.03%
	CAG	D	0.03%
	AKAM	D	0.03%
	DLTR	F	0.03%
	SWKS	F	0.03%
	UDR	B	0.03%
	AVTR	F	0.03%
	NDSN	B	0.03%
	EVRG	A	0.03%
	FFIV	B	0.03%
	ACM	A	0.03%
	RVTY	F	0.03%
	AMCR	D	0.03%
	APTV	D	0.03%
	VTRS	A	0.03%
	JBHT	C	0.03%
	DOC	D	0.03%
	GGG	B	0.03%
	LNT	A	0.03%
	L	A	0.03%
	SUI	D	0.03%
	CF	B	0.03%
	FNF	B	0.03%
	UTHR	C	0.03%
	NI	A	0.03%
	BAX	D	0.03%
	MRO	B	0.03%
	SSNC	B	0.03%
	TXT	D	0.03%
	OC	A	0.03%
	KIM	A	0.03%
	DG	F	0.03%
	ARE	D	0.03%
	HOOD	B	0.03%
	GEN	B	0.03%
	IEX	B	0.03%
	DGX	A	0.03%
	GPC	D	0.03%
	TRMB	B	0.03%
	MAS	D	0.03%
	PNR	A	0.03%
	KEY	B	0.03%
	J	F	0.03%
	MAA	B	0.03%
	RS	B	0.03%
	MTCH	D	0.02%
	CHRD	D	0.02%
	CRBG	B	0.02%
	APA	D	0.02%
	MOS	F	0.02%
	CPB	D	0.02%
	TTC	D	0.02%
	HSIC	B	0.02%
	AOS	F	0.02%
	TFX	F	0.02%
	SEIC	B	0.02%
	MGM	D	0.02%
	KNX	B	0.02%
	HRL	D	0.02%
	CNH	C	0.02%
	FBIN	D	0.02%
	RPRX	D	0.02%
	CRL	C	0.02%
	MKTX	D	0.02%
	SOLV	C	0.02%
	WTRG	B	0.02%
	AES	F	0.02%
	AFG	A	0.02%
	IOT	A	0.02%
	LKQ	D	0.02%
	CTLT	B	0.02%
	DAL	C	0.02%
	CCK	C	0.02%
	ERIE	D	0.02%
	AIZ	A	0.02%
	NWSA	B	0.02%
	FOXA	B	0.02%
	IPG	D	0.02%
	TECH	D	0.02%
	SNAP	C	0.02%
	Z	A	0.02%
	TAP	C	0.02%
	SJM	D	0.02%
	BXP	D	0.02%
	EMN	D	0.02%
	ALB	C	0.02%
	WPC	D	0.02%
	CG	A	0.02%
	OVV	B	0.02%
	AMH	D	0.02%
	HST	C	0.02%
	BMRN	D	0.02%
	UHS	D	0.02%
	JNPR	F	0.02%
	JKHY	D	0.02%
	ELS	C	0.02%
	BG	F	0.02%
	CPT	B	0.02%
	ALLE	D	0.02%
	CHRW	C	0.02%
	REG	B	0.02%
	SWK	D	0.02%
	LUV	C	0.01%
	WLK	D	0.01%
	FOX	A	0.01%
	BEN	C	0.01%
	WBA	F	0.01%
	QRVO	F	0.01%
	BBWI	D	0.01%
	PARA	C	0.01%
	DINO	D	0.01%
	ACI	C	0.01%
	RIVN	F	0.01%
	BIO	D	0.01%
	HII	D	0.01%

PBUS Underweight 148 Positions Relative to IWF

	Symbol	Grade	Weight
	CPNG	D	-0.1%
	XPO	B	-0.06%
	NTRA	B	-0.06%
	TXRH	C	-0.05%
	FIX	A	-0.05%
	KNSL	B	-0.04%
	CAVA	B	-0.04%
	OWL	A	-0.04%
	NCLH	B	-0.04%
	DUOL	A	-0.04%
	RYAN	B	-0.03%
	GWRE	A	-0.03%
	SMAR	A	-0.03%
	PCOR	B	-0.03%
	TREX	C	-0.03%
	HAS	D	-0.03%
	EXP	A	-0.03%
	EXEL	B	-0.03%
	SAIA	B	-0.03%
	LNW	D	-0.03%
	MEDP	D	-0.03%
	PEN	B	-0.03%
	ITCI	C	-0.03%
	AAON	B	-0.03%
	PCTY	B	-0.03%
	CVNA	B	-0.03%
	MORN	B	-0.03%
	TPX	B	-0.03%
	WING	D	-0.03%
	MUSA	A	-0.03%
	CHDN	B	-0.03%
	SRPT	D	-0.03%
	LYFT	C	-0.02%
	PLNT	A	-0.02%
	AZEK	A	-0.02%
	PATH	C	-0.02%
	NTNX	A	-0.02%
	LPX	B	-0.02%
	INSP	D	-0.02%
	CNM	D	-0.02%
	APPF	B	-0.02%
	GNRC	B	-0.02%
	IONS	F	-0.02%
	VVV	F	-0.02%
	MTN	C	-0.02%
	VKTX	F	-0.02%
	LAZ	B	-0.02%
	LSCC	D	-0.02%
	WFRD	D	-0.02%
	FOUR	B	-0.02%
	FWONK	B	-0.02%
	ELF	C	-0.02%
	CFLT	B	-0.02%
	GLOB	B	-0.02%
	GTLB	B	-0.02%
	ESTC	C	-0.02%
	VNOM	A	-0.01%
	LOPE	B	-0.01%
	WEN	D	-0.01%
	HRB	D	-0.01%
	DV	C	-0.01%
	CLF	F	-0.01%
	PFGC	B	-0.01%
	WSC	D	-0.01%
	AM	A	-0.01%
	DBX	B	-0.01%
	NXST	C	-0.01%
	BROS	B	-0.01%
	ONTO	D	-0.01%
	NCNO	B	-0.01%
	PR	B	-0.01%
	CACC	D	-0.01%
	SOFI	A	-0.01%
	BILL	A	-0.01%
	FRPT	B	-0.01%
	AWI	A	-0.01%
	TTEK	F	-0.01%
	SITE	D	-0.01%
	BWXT	B	-0.01%
	LBRDK	C	-0.01%
	U	C	-0.01%
	CASY	A	-0.01%
	FERG	B	-0.01%
	LAMR	D	-0.01%
	FIVN	C	-0.01%
	TDC	D	-0.01%
	APLS	D	-0.01%
	RNG	B	-0.01%
	LECO	B	-0.01%
	CHH	A	-0.01%
	WMS	D	-0.01%
	MASI	A	-0.01%
	JEF	A	-0.01%
	HCP	B	-0.01%
	BRKR	D	-0.01%
	FIVE	F	-0.01%
	JLL	D	-0.01%
	ETSY	D	-0.01%
	OLED	D	-0.01%
	FND	C	-0.01%
	PEGA	A	-0.01%
	RARE	D	-0.01%
	FTRE	D	-0.0%
	TRIP	F	-0.0%
	ALAB	B	-0.0%
	PYCR	C	-0.0%
	PPC	C	-0.0%
	CC	C	-0.0%
	SEE	C	-0.0%
	NFE	D	-0.0%
	IRDM	D	-0.0%
	MSGS	A	-0.0%
	UWMC	D	-0.0%
	LBRDA	C	-0.0%
	CGNX	C	-0.0%
	SPR	D	-0.0%
	RLI	B	-0.0%
	MKSI	C	-0.0%
	DOCS	C	-0.0%
	WU	D	-0.0%
	MTDR	B	-0.0%
	SAM	C	-0.0%
	FWONA	B	-0.0%
	UI	A	-0.0%
	WH	B	-0.0%
	AAL	B	-0.0%
	KBR	F	-0.0%
	WEX	D	-0.0%
	BPOP	B	-0.0%
	SKX	D	-0.0%
	SSD	D	-0.0%
	CAR	C	-0.0%
	LOAR	A	-0.0%
	CHE	D	-0.0%
	HLI	B	-0.0%
	BLD	D	-0.0%
	BFAM	D	-0.0%
	RH	B	-0.0%
	DJT	C	-0.0%
	YETI	C	-0.0%
	TXG	F	-0.0%
	CROX	D	-0.0%
	RGEN	D	-0.0%
	S	B	-0.0%
	TKO	B	-0.0%
	SN	D	-0.0%
	TPG	A	-0.0%
	CIVI	D	-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

IWF: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Restaurants Capital Markets Building Materials Semiconductors Aerospace & Defense Asset Management Diagnostics & Research Semiconductor Equipment & Materials Diversified Industrials Leisure Credit Services Household & Personal Products Internet Content & Information Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Semiconductor Cloud Infrastructure Electronics Mobile Devices Natural Gas Telecommunications Integrated Circuits Operating System Retailing