PBUS vs. NZAC ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$54.59

Average Daily Volume

111,463

Number of Holdings ^*

588

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$34.73

Average Daily Volume

4,590

Number of Holdings ^*

368

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	NZAC
30 Days	2.95%	1.93%
60 Days	9.16%	8.47%
90 Days	4.54%	3.75%
12 Months	26.76%	20.05%

339 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in NZAC	Overlap
	A	C	0.08%	0.06%	0.06%
	AAPL	B	6.6%	4.5%	4.5%
	ABBV	B	0.62%	0.65%	0.62%
	ABBV	B	0.62%	0.37%	0.37%
	ABNB	C	0.14%	0.05%	0.05%
	ABT	C	0.38%	0.19%	0.19%
	ACGL	A	0.08%	0.13%	0.08%
	ACM	C	0.03%	0.31%	0.03%
	ACN	C	0.38%	0.33%	0.33%
	ADBE	C	0.43%	0.39%	0.39%
	ADI	B	0.25%	0.56%	0.25%
	ADP	B	0.21%	0.18%	0.18%
	ADSK	B	0.1%	0.08%	0.08%
	AFG	C	0.02%	0.07%	0.02%
	AFL	A	0.1%	0.24%	0.1%
	AIG	C	0.11%	0.15%	0.11%
	AIZ	D	0.02%	0.07%	0.02%
	AJG	A	0.12%	0.07%	0.07%
	ALB	F	0.03%	0.01%	0.01%
	ALGN	F	0.04%	0.03%	0.03%
	ALL	D	0.09%	0.12%	0.09%
	ALLE	D	0.02%	0.08%	0.02%
	ALLY	B	0.02%	0.02%	0.02%
	ALNY	B	0.04%	0.02%	0.02%
	AMAT	B	0.42%	0.18%	0.18%
	AMD	B	0.55%	0.32%	0.32%
	AME	D	0.08%	0.15%	0.08%
	AMGN	B	0.34%	0.24%	0.24%
	AMP	A	0.09%	0.13%	0.09%
	AMT	B	0.19%	0.11%	0.11%
	AMZN	A	3.7%	2.26%	2.26%
	ANET	B	0.17%	0.06%	0.06%
	ANSS	C	0.06%	0.02%	0.02%
	AON	C	0.12%	0.09%	0.09%
	APH	B	0.17%	0.12%	0.12%
	APO	A	0.1%	0.13%	0.1%
	AVB	A	0.06%	0.11%	0.06%
	AVGO	B	1.39%	1.27%	1.27%
	AVTR	D	0.03%	0.03%	0.03%
	AXON	C	0.04%	0.03%	0.03%
	AXP	C	0.27%	0.31%	0.27%
	AZO	C	0.1%	0.1%	0.1%
	BAC	B	0.59%	0.4%	0.4%
	BAH	B	0.04%	0.03%	0.03%
	BAX	D	0.04%	0.03%	0.03%
	BBWI	D	0.02%	0.01%	0.01%
	BDX	C	0.14%	0.12%	0.12%
	BIIB	C	0.07%	0.05%	0.05%
	BIO	D	0.01%	0.01%	0.01%
	BK	B	0.09%	0.1%	0.09%
	BKNG	A	0.28%	0.2%	0.2%
	BLK	B	0.24%	0.22%	0.22%
	BMRN	C	0.03%	0.02%	0.02%
	BMY	D	0.18%	0.18%	0.18%
	BR	B	0.05%	0.08%	0.05%
	BRK.A	C	1.13%	0.36%	0.36%
	BRO	A	0.05%	0.05%	0.05%
	BSX	A	0.24%	0.28%	0.24%
	BURL	A	0.03%	0.03%	0.03%
	BX	C	0.19%	0.14%	0.14%
	BXP	C	0.02%	0.06%	0.02%
	C	D	0.24%	0.01%	0.01%
	CARR	B	0.11%	0.03%	0.03%
	CB	B	0.23%	0.23%	0.23%
	CBOE	C	0.04%	0.03%	0.03%
	CBRE	B	0.06%	0.13%	0.06%
	CCI	D	0.09%	0.07%	0.07%
	CDW	C	0.06%	0.18%	0.06%
	CEG	B	0.15%	0.04%	0.04%
	CG	C	0.02%	0.01%	0.01%
	CHD	A	0.05%	0.11%	0.05%
	CHTR	C	0.05%	0.06%	0.05%
	CINF	C	0.04%	0.05%	0.04%
	CLX	D	0.03%	0.01%	0.01%
	CMCSA	D	0.32%	0.23%	0.23%
	CME	D	0.15%	0.12%	0.12%
	CMG	B	0.19%	0.09%	0.09%
	COF	D	0.11%	0.11%	0.11%
	COIN	C	0.1%	0.03%	0.03%
	CPAY	D	0.04%	0.03%	0.03%
	CPRT	C	0.1%	0.04%	0.04%
	CRM	D	0.48%	0.31%	0.31%
	CRWD	B	0.19%	0.02%	0.02%
	CSCO	C	0.39%	0.34%	0.34%
	CSGP	F	0.07%	0.03%	0.03%
	CSX	D	0.14%	0.09%	0.09%
	CTAS	A	0.13%	0.03%	0.03%
	CTLT	B	0.02%	0.02%	0.02%
	CTSH	C	0.07%	0.07%	0.07%
	CZR	C	0.02%	0.01%	0.01%
	DASH	C	0.07%	0.01%	0.01%
	DE	D	0.21%	0.14%	0.14%
	DFS	B	0.07%	0.07%	0.07%
	DGX	B	0.03%	0.02%	0.02%
	DHI	C	0.09%	0.05%	0.05%
	DHR	B	0.39%	0.23%	0.23%
	DIS	C	0.39%	0.27%	0.27%
	DLR	B	0.1%	0.34%	0.1%
	DLTR	F	0.05%	0.04%	0.04%
	DOC	B	0.03%	0.01%	0.01%
	DOCU	C	0.02%	0.01%	0.01%
	DXCM	C	0.1%	0.06%	0.06%
	EA	B	0.07%	0.01%	0.01%
	EBAY	A	0.06%	0.13%	0.06%
	ECL	A	0.13%	0.06%	0.06%
	EFX	B	0.06%	0.03%	0.03%
	EG	B	0.03%	0.03%	0.03%
	EIX	D	0.06%	0.73%	0.06%
	EL	F	0.06%	0.06%	0.06%
	ELV	B	0.26%	0.24%	0.24%
	ENPH	D	0.04%	0.11%	0.04%
	EPAM	D	0.02%	0.01%	0.01%
	EQH	A	0.03%	0.09%	0.03%
	EQIX	C	0.15%	0.3%	0.15%
	EQR	A	0.05%	0.07%	0.05%
	ERIE	C	0.02%	0.03%	0.02%
	ESS	B	0.04%	0.1%	0.04%
	ETN	D	0.28%	0.28%	0.28%
	ETSY	F	0.02%	0.02%	0.02%
	EW	B	0.11%	0.15%	0.11%
	EXAS	D	0.02%	0.01%	0.01%
	EXR	A	0.07%	0.04%	0.04%
	FAST	C	0.08%	0.14%	0.08%
	FDS	C	0.03%	0.01%	0.01%
	FFIV	D	0.02%	0.14%	0.02%
	FIS	B	0.09%	0.06%	0.06%
	FOX	A	0.01%	0.02%	0.01%
	FOXA	A	0.02%	0.03%	0.02%
	FSLR	C	0.06%	0.24%	0.06%
	FTNT	F	0.08%	0.06%	0.06%
	FTV	D	0.05%	0.1%	0.05%
	GDDY	B	0.04%	0.02%	0.02%
	GILD	C	0.17%	0.05%	0.05%
	GIS	C	0.08%	0.09%	0.08%
	GLW	A	0.06%	0.18%	0.06%
	GOOG	A	1.94%	1.55%	1.55%
	GOOGL	A	2.21%	1.11%	1.11%
	GPN	F	0.05%	0.04%	0.04%
	GRMN	B	0.05%	0.06%	0.05%
	GS	B	0.31%	0.05%	0.05%
	GWW	C	0.09%	0.18%	0.09%
	HBAN	C	0.04%	0.01%	0.01%
	HD	B	0.72%	0.53%	0.53%
	HEI	B	0.03%	0.02%	0.02%
	HEI	B	0.02%	0.02%	0.02%
	HIG	A	0.06%	0.11%	0.06%
	HLT	A	0.11%	0.02%	0.02%
	HOLX	C	0.04%	0.04%	0.04%
	HPE	B	0.06%	0.17%	0.06%
	HSIC	D	0.02%	0.05%	0.02%
	HSY	F	0.06%	0.06%	0.06%
	HUM	C	0.09%	0.09%	0.09%
	IBM	C	0.33%	0.52%	0.33%
	ICE	A	0.16%	0.12%	0.12%
	IDXX	D	0.09%	0.08%	0.08%
	IEX	D	0.03%	0.04%	0.03%
	ILMN	F	0.04%	0.03%	0.03%
	INCY	B	0.02%	0.01%	0.01%
	INTC	F	0.28%	0.24%	0.24%
	INTU	C	0.35%	0.29%	0.29%
	IPG	F	0.02%	0.02%	0.02%
	IQV	D	0.08%	0.12%	0.08%
	IRM	A	0.05%	0.05%	0.05%
	ISRG	A	0.32%	0.27%	0.27%
	IT	C	0.07%	0.03%	0.03%
	ITW	D	0.15%	0.31%	0.15%
	JKHY	C	0.02%	0.01%	0.01%
	JNJ	C	0.74%	0.61%	0.61%
	JNPR	B	0.02%	0.14%	0.02%
	JPM	B	1.16%	0.92%	0.92%
	KDP	A	0.08%	0.09%	0.08%
	KEYS	D	0.05%	0.06%	0.05%
	KKR	B	0.15%	0.1%	0.1%
	KLAC	B	0.24%	0.22%	0.22%
	KVUE	D	0.07%	0.01%	0.01%
	LEN	D	0.08%	0.06%	0.06%
	LIN	B	0.44%	0.08%	0.08%
	LKQ	F	0.02%	0.03%	0.02%
	LLY	B	1.48%	1.18%	1.18%
	LOW	C	0.27%	0.22%	0.22%
	LRCX	B	0.29%	0.17%	0.17%
	LULU	F	0.08%	0.09%	0.08%
	LYV	C	0.03%	0.03%	0.03%
	MA	C	0.78%	0.59%	0.59%
	MAR	B	0.12%	0.02%	0.02%
	MAS	D	0.03%	0.01%	0.01%
	MCD	D	0.39%	0.32%	0.32%
	MCO	A	0.14%	0.21%	0.14%
	MDT	C	0.23%	0.22%	0.22%
	MELI	B	0.15%	0.13%	0.13%
	MET	C	0.09%	0.19%	0.09%
	META	B	2.35%	1.54%	1.54%
	MKC	D	0.04%	0.01%	0.01%
	MKL	B	0.04%	0.07%	0.04%
	MKTX	F	0.02%	0.01%	0.01%
	MMC	A	0.22%	0.2%	0.2%
	MMM	B	0.12%	0.02%	0.02%
	MNST	F	0.08%	0.03%	0.03%
	MOH	F	0.04%	0.02%	0.02%
	MRK	A	0.7%	0.66%	0.66%
	MRNA	C	0.1%	0.05%	0.05%
	MRVL	B	0.13%	0.11%	0.11%
	MS	B	0.25%	0.2%	0.2%
	MSFT	A	6.57%	4.58%	4.58%
	MSI	A	0.13%	0.22%	0.13%
	MSTR	C	0.05%	0.01%	0.01%
	MTB	C	0.05%	0.07%	0.05%
	MTCH	F	0.02%	0.01%	0.01%
	MTD	B	0.07%	0.08%	0.07%
	MU	B	0.33%	0.15%	0.15%
	NBIX	C	0.03%	0.02%	0.02%
	NDAQ	C	0.05%	0.03%	0.03%
	NEM	B	0.1%	0.09%	0.09%
	NFLX	A	0.59%	0.43%	0.43%
	NKE	C	0.24%	0.15%	0.15%
	NOW	C	0.31%	0.3%	0.3%
	NSC	D	0.11%	0.03%	0.03%
	NTAP	B	0.05%	0.07%	0.05%
	NTRS	C	0.04%	0.04%	0.04%
	NVDA	B	6.61%	4.71%	4.71%
	NVR	C	0.05%	0.03%	0.03%
	NXPI	B	0.15%	0.01%	0.01%
	O	C	0.1%	0.07%	0.07%
	ODFL	D	0.07%	0.02%	0.02%
	OMC	C	0.04%	0.03%	0.03%
	ORCL	B	0.49%	0.49%	0.49%
	ORLY	B	0.13%	0.17%	0.13%
	PANW	B	0.22%	0.12%	0.12%
	PAYC	F	0.02%	0.01%	0.01%
	PAYX	A	0.08%	0.07%	0.07%
	PCAR	D	0.12%	0.06%	0.06%
	PFE	C	0.33%	0.22%	0.22%
	PGR	C	0.25%	0.19%	0.19%
	PH	D	0.15%	0.2%	0.15%
	PHM	D	0.05%	0.04%	0.04%
	PINS	B	0.06%	0.02%	0.02%
	PLD	C	0.22%	0.22%	0.22%
	PLTR	C	0.1%	0.03%	0.03%
	PNC	C	0.13%	0.15%	0.13%
	PNR	C	0.03%	0.18%	0.03%
	PODD	B	0.03%	0.02%	0.02%
	POOL	D	0.03%	0.02%	0.02%
	PPG	D	0.06%	0.11%	0.06%
	PRU	B	0.09%	0.14%	0.09%
	PSA	B	0.09%	0.1%	0.09%
	PWR	B	0.09%	0.22%	0.09%
	PYPL	D	0.13%	0.09%	0.09%
	QCOM	B	0.51%	0.39%	0.39%
	REG	B	0.02%	0.07%	0.02%
	REGN	A	0.23%	0.15%	0.15%
	RF	C	0.04%	0.05%	0.04%
	RIVN	C	0.02%	0.01%	0.01%
	RJF	C	0.05%	0.03%	0.03%
	RMD	C	0.07%	0.07%	0.07%
	ROK	F	0.06%	0.08%	0.06%
	ROL	A	0.03%	0.02%	0.02%
	ROP	A	0.13%	0.03%	0.03%
	ROST	A	0.1%	0.1%	0.1%
	RPRX	D	0.02%	0.02%	0.02%
	RS	D	0.03%	0.08%	0.03%
	SBAC	D	0.04%	0.03%	0.03%
	SBUX	D	0.19%	0.13%	0.13%
	SCHW	C	0.23%	0.18%	0.18%
	SEIC	C	0.02%	0.02%	0.02%
	SHW	C	0.15%	0.47%	0.15%
	SMCI	B	0.09%	0.04%	0.04%
	SNA	D	0.03%	0.01%	0.01%
	SNAP	C	0.03%	0.02%	0.02%
	SNOW	F	0.08%	0.02%	0.02%
	SPG	B	0.11%	0.13%	0.11%
	SPGI	B	0.3%	0.35%	0.3%
	SQ	F	0.08%	0.02%	0.02%
	SQ	F	0.08%	0.01%	0.01%
	STE	C	0.05%	0.03%	0.03%
	STLD	C	0.04%	0.01%	0.01%
	STT	D	0.05%	0.01%	0.01%
	STZ	B	0.09%	0.04%	0.04%
	SUI	D	0.03%	0.01%	0.01%
	SWKS	B	0.03%	0.01%	0.01%
	SYF	B	0.04%	0.06%	0.04%
	SYK	B	0.25%	0.23%	0.23%
	T	A	0.27%	0.15%	0.15%
	TDG	B	0.16%	0.14%	0.14%
	TDY	D	0.04%	0.09%	0.04%
	TECH	C	0.03%	0.01%	0.01%
	TEL	A	0.1%	0.12%	0.1%
	TER	B	0.05%	0.05%	0.05%
	TFX	D	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.02%	0.02%
	TJX	A	0.26%	0.35%	0.26%
	TMO	D	0.46%	0.37%	0.37%
	TMUS	B	0.2%	0.1%	0.1%
	TRMB	C	0.03%	0.06%	0.03%
	TROW	B	0.06%	0.05%	0.05%
	TRU	C	0.03%	0.01%	0.01%
	TRV	C	0.1%	0.13%	0.1%
	TSLA	C	1.07%	0.8%	0.8%
	TT	B	0.16%	0.02%	0.02%
	TTD	A	0.09%	0.04%	0.04%
	TW	C	0.03%	0.01%	0.01%
	TXN	B	0.38%	0.27%	0.27%
	UBER	C	0.29%	0.17%	0.17%
	UHAL	D	0.01%	0.04%	0.01%
	ULTA	F	0.04%	0.06%	0.04%
	UNH	D	0.96%	0.66%	0.66%
	UNP	D	0.29%	0.21%	0.21%
	UPS	D	0.21%	0.07%	0.07%
	URI	C	0.09%	0.04%	0.04%
	USB	C	0.13%	0.1%	0.1%
	V	C	0.9%	0.7%	0.7%
	VEEV	D	0.06%	0.03%	0.03%
	VICI	D	0.06%	0.03%	0.03%
	VLTO	B	0.05%	0.03%	0.03%
	VMC	D	0.07%	0.02%	0.02%
	VRSK	A	0.08%	0.05%	0.05%
	VRSN	C	0.03%	0.01%	0.01%
	VRT	D	0.07%	0.02%	0.02%
	VRTX	B	0.26%	0.15%	0.15%
	VTR	A	0.04%	0.04%	0.04%
	VZ	B	0.35%	0.21%	0.21%
	WAB	C	0.06%	0.07%	0.06%
	WAT	D	0.04%	0.02%	0.02%
	WDAY	D	0.09%	0.02%	0.02%
	WELL	B	0.12%	0.12%	0.12%
	WFC	C	0.43%	0.21%	0.21%
	WM	C	0.17%	0.1%	0.1%
	WMT	A	0.62%	0.3%	0.3%
	WPC	D	0.03%	0.01%	0.01%
	WRB	C	0.03%	0.07%	0.03%
	WST	D	0.05%	0.02%	0.02%
	WTW	B	0.06%	0.06%	0.06%
	WYNN	D	0.02%	0.01%	0.01%
	XYL	B	0.07%	0.44%	0.07%
	YUM	D	0.08%	0.08%	0.08%
	Z	B	0.02%	0.01%	0.01%
	ZBH	F	0.05%	0.05%	0.05%
	ZBRA	D	0.03%	0.02%	0.02%
	ZM	D	0.03%	0.02%	0.02%
	ZTS	C	0.17%	0.17%	0.17%

PBUS Overweight 251 Positions Relative to NZAC

	Symbol	Grade	Weight
	XOM	D	1.05%
	PG	A	0.82%
	COST	B	0.79%
	CVX	C	0.57%
	KO	A	0.54%
	PEP	C	0.48%
	GE	B	0.37%
	CAT	C	0.35%
	PM	B	0.34%
	NEE	B	0.31%
	RTX	B	0.3%
	HON	A	0.29%
	COP	D	0.28%
	BA	D	0.22%
	LMT	A	0.21%
	CI	C	0.2%
	MDLZ	D	0.19%
	SNPS	B	0.19%
	CDNS	B	0.18%
	SO	B	0.18%
	MO	A	0.17%
	CVS	C	0.16%
	MCK	A	0.16%
	DUK	C	0.16%
	EOG	C	0.15%
	FCX	C	0.15%
	CL	A	0.15%
	HCA	A	0.14%
	GD	A	0.14%
	NOC	D	0.13%
	MPC	C	0.13%
	EMR	C	0.13%
	APD	B	0.13%
	SLB	D	0.13%
	GM	B	0.12%
	PSX	C	0.12%
	FDX	C	0.12%
	WMB	B	0.11%
	MCHP	C	0.11%
	KMB	A	0.1%
	AEP	C	0.1%
	OKE	C	0.1%
	F	D	0.1%
	SRE	B	0.1%
	JCI	B	0.1%
	GEV	B	0.1%
	VLO	D	0.1%
	TFC	C	0.1%
	RSG	B	0.09%
	LHX	A	0.09%
	D	D	0.09%
	WCN	A	0.09%
	SYY	C	0.08%
	CNC	D	0.08%
	PEG	B	0.08%
	CTVA	C	0.08%
	LNG	B	0.08%
	PCG	C	0.08%
	NUE	D	0.08%
	CMI	C	0.08%
	IR	B	0.08%
	RCL	B	0.08%
	MSCI	D	0.08%
	DOW	D	0.08%
	MPWR	B	0.08%
	KMI	A	0.08%
	OTIS	C	0.08%
	OXY	D	0.08%
	HES	D	0.08%
	HAL	D	0.07%
	ED	D	0.07%
	VST	C	0.07%
	BKR	C	0.07%
	HWM	B	0.07%
	DDOG	C	0.07%
	FANG	C	0.07%
	ON	D	0.07%
	GEHC	C	0.07%
	DD	B	0.07%
	MLM	D	0.07%
	KR	D	0.07%
	FICO	A	0.07%
	EXC	D	0.07%
	DELL	B	0.07%
	HPQ	B	0.07%
	DECK	B	0.06%
	DG	D	0.06%
	HUBS	D	0.06%
	KHC	D	0.06%
	DVN	D	0.06%
	TSCO	B	0.06%
	ADM	C	0.06%
	XEL	D	0.06%
	NET	D	0.05%
	ETR	D	0.05%
	DTE	C	0.05%
	CAH	B	0.05%
	FITB	C	0.05%
	IFF	B	0.05%
	ARES	D	0.05%
	LYB	D	0.05%
	AWK	B	0.05%
	DOV	B	0.05%
	WEC	D	0.05%
	TEAM	D	0.05%
	TRGP	B	0.05%
	WDC	B	0.05%
	TTWO	B	0.05%
	LVS	C	0.04%
	DKNG	C	0.04%
	FCNCA	D	0.04%
	CCL	C	0.04%
	TXT	C	0.04%
	ZS	C	0.04%
	RBLX	C	0.04%
	LII	A	0.04%
	EQT	D	0.04%
	NRG	B	0.04%
	ATO	B	0.04%
	DRI	C	0.04%
	J	C	0.04%
	CMS	D	0.04%
	EME	B	0.04%
	WBD	F	0.04%
	EXPD	B	0.04%
	ARE	C	0.04%
	BLDR	F	0.04%
	AVY	A	0.04%
	DPZ	B	0.04%
	AEE	D	0.04%
	PFG	C	0.04%
	LDOS	B	0.04%
	WSM	C	0.04%
	CNP	A	0.04%
	CSL	B	0.04%
	GPC	D	0.04%
	TYL	B	0.04%
	STX	B	0.04%
	HUBB	C	0.04%
	APTV	D	0.04%
	ES	D	0.04%
	PSTG	B	0.04%
	ENTG	B	0.04%
	PPL	C	0.04%
	CTRA	D	0.04%
	FE	D	0.04%
	LPLA	B	0.04%
	PTC	C	0.04%
	BALL	D	0.04%
	WY	D	0.04%
	INVH	A	0.04%
	EVRG	D	0.03%
	UDR	B	0.03%
	EMN	B	0.03%
	LW	C	0.03%
	HOOD	B	0.03%
	KIM	B	0.03%
	WRK	C	0.03%
	VTRS	D	0.03%
	NDSN	D	0.03%
	UTHR	A	0.03%
	NI	B	0.03%
	FNF	C	0.03%
	LNT	C	0.03%
	KEY	D	0.03%
	HST	C	0.03%
	DT	F	0.03%
	DKS	B	0.03%
	OVV	D	0.03%
	AKAM	F	0.03%
	JBHT	F	0.03%
	SWK	D	0.03%
	SSNC	C	0.03%
	CAG	D	0.03%
	GGG	D	0.03%
	APP	B	0.03%
	AES	C	0.03%
	L	C	0.03%
	MANH	B	0.03%
	OKTA	F	0.03%
	CF	D	0.03%
	RPM	B	0.03%
	JBL	F	0.03%
	AMCR	B	0.03%
	IP	A	0.03%
	BG	C	0.03%
	TPL	B	0.03%
	TSN	C	0.03%
	MAA	B	0.03%
	K	D	0.03%
	OC	B	0.03%
	WSO	B	0.03%
	CE	D	0.03%
	MRO	B	0.03%
	CFG	C	0.03%
	MDB	D	0.03%
	PKG	B	0.03%
	BBY	B	0.03%
	EXPE	B	0.03%
	CRBG	B	0.02%
	CLF	F	0.02%
	RGEN	F	0.02%
	DAY	F	0.02%
	TOST	C	0.02%
	DVA	B	0.02%
	KNX	C	0.02%
	BSY	C	0.02%
	SOLV	F	0.02%
	CPB	C	0.02%
	DAL	D	0.02%
	DINO	D	0.02%
	LSCC	F	0.02%
	CNH	F	0.02%
	HRL	D	0.02%
	MOS	F	0.02%
	CELH	F	0.02%
	TAP	F	0.02%
	WTRG	C	0.02%
	MGM	C	0.02%
	HII	D	0.02%
	CCK	D	0.02%
	TWLO	F	0.02%
	CHK	D	0.02%
	TTC	B	0.02%
	CHRW	B	0.02%
	AOS	C	0.02%
	NWSA	B	0.02%
	QRVO	B	0.02%
	CHRD	D	0.02%
	ELS	C	0.02%
	KMX	C	0.02%
	CRL	D	0.02%
	APA	F	0.02%
	WBA	D	0.02%
	CPT	A	0.02%
	UHS	A	0.02%
	AMH	C	0.02%
	SJM	F	0.02%
	GLPI	B	0.02%
	LUV	B	0.01%
	U	F	0.01%
	PATH	F	0.01%
	CFLT	F	0.01%
	WLK	D	0.01%
	PARA	F	0.01%
	IOT	F	0.01%
	PCTY	F	0.01%
	BEN	D	0.01%
	H	C	0.01%
	ACI	F	0.01%
	ROKU	F	0.01%

PBUS Underweight 30 Positions Relative to NZAC

	Symbol	Grade	Weight
	NVS	A	-0.44%
	BABA	F	-0.21%
	TD	F	-0.19%
	HDB	B	-0.14%
	SONY	D	-0.14%
	DEO	F	-0.12%
	INFY	B	-0.1%
	PDD	C	-0.1%
	SCCO	C	-0.09%
	LI	F	-0.09%
	WIT	B	-0.07%
	SHOP	C	-0.07%
	MUFG	D	-0.07%
	TCOM	D	-0.05%
	AZN	B	-0.04%
	BIDU	F	-0.04%
	CCEP	A	-0.03%
	BCS	C	-0.03%
	LYG	B	-0.02%
	TEVA	B	-0.02%
	NIO	F	-0.02%
	BCH	D	-0.02%
	ASAI	F	-0.02%
	XRX	F	-0.02%
	XPEV	F	-0.02%
	QGEN	D	-0.01%
	QFIN	B	-0.01%
	KB	B	-0.01%
	YNDX	C	-0.0%
	WIT	B	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Semiconductors Asset Management Business Services Software - Infrastructure Diagnostics & Research Oil & Gas E&P Specialty Retail Biotechnology Capital Markets Aerospace & Defense Banks - Regional - US 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 Cloud Computing Semiconductor Banking Mining Insurance Products Mobile Devices

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Asset Management Drug Manufacturers - Major Diversified Industrials Internet Content & Information Semiconductors Biotechnology Capital Markets Information Technology Services Specialty Retail Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Insurance Computing Bank Dow Jones Component Telecommunications Banking Medicine Insurance Products Mobile Devices Electronics Investment Bank Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Aerospace Chemical