PBUS vs. RWL ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$97.87

Average Daily Volume

116,673

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	RWL
30 Days	2.73%	1.86%
60 Days	5.30%	3.50%
90 Days	5.47%	6.06%
12 Months	35.39%	26.56%

479 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in RWL	Overlap
	A	C	0.08%	0.04%	0.04%
	AAPL	C	6.56%	2.27%	2.27%
	ABBV	B	0.7%	0.35%	0.35%
	ABNB	D	0.11%	0.05%	0.05%
	ABT	C	0.41%	0.25%	0.25%
	ACGL	B	0.09%	0.09%	0.09%
	ACN	C	0.43%	0.42%	0.42%
	ADBE	F	0.46%	0.11%	0.11%
	ADI	C	0.23%	0.06%	0.06%
	ADM	D	0.06%	0.53%	0.06%
	ADP	C	0.23%	0.12%	0.12%
	ADSK	B	0.12%	0.04%	0.04%
	AEE	B	0.05%	0.05%	0.05%
	AEP	C	0.11%	0.13%	0.11%
	AES	C	0.03%	0.07%	0.03%
	AFL	A	0.12%	0.13%	0.12%
	AIG	D	0.1%	0.27%	0.1%
	AIZ	B	0.02%	0.07%	0.02%
	AJG	D	0.13%	0.06%	0.06%
	AKAM	D	0.03%	0.02%	0.02%
	ALB	D	0.02%	0.04%	0.02%
	ALGN	D	0.04%	0.02%	0.02%
	ALL	C	0.1%	0.39%	0.1%
	ALLE	B	0.03%	0.02%	0.02%
	AMAT	D	0.31%	0.12%	0.12%
	AMCR	B	0.03%	0.08%	0.03%
	AMD	C	0.49%	0.12%	0.12%
	AME	C	0.08%	0.04%	0.04%
	AMGN	D	0.36%	0.18%	0.18%
	AMP	B	0.09%	0.1%	0.09%
	AMT	C	0.23%	0.07%	0.07%
	AMZN	C	3.56%	3.38%	3.38%
	ANET	C	0.2%	0.04%	0.04%
	ANSS	D	0.06%	0.01%	0.01%
	AON	B	0.14%	0.09%	0.09%
	AOS	B	0.02%	0.02%	0.02%
	APA	F	0.02%	0.04%	0.02%
	APD	B	0.13%	0.07%	0.07%
	APH	C	0.15%	0.07%	0.07%
	APTV	D	0.04%	0.11%	0.04%
	ARE	C	0.04%	0.02%	0.02%
	ATO	B	0.04%	0.03%	0.03%
	AVB	C	0.07%	0.02%	0.02%
	AVGO	C	1.46%	0.23%	0.23%
	AVY	C	0.03%	0.04%	0.03%
	AWK	C	0.06%	0.03%	0.03%
	AXON	B	0.06%	0.01%	0.01%
	AXP	B	0.31%	0.46%	0.31%
	AZO	B	0.11%	0.11%	0.11%
	BA	F	0.18%	0.37%	0.18%
	BAC	D	0.57%	1.06%	0.57%
	BALL	C	0.04%	0.08%	0.04%
	BAX	C	0.04%	0.09%	0.04%
	BBWI	D	0.01%	0.03%	0.01%
	BBY	A	0.04%	0.27%	0.04%
	BDX	D	0.14%	0.11%	0.11%
	BEN	F	0.01%	0.04%	0.01%
	BG	F	0.03%	0.31%	0.03%
	BIIB	F	0.06%	0.04%	0.04%
	BIO	C	0.01%	0.02%	0.01%
	BK	B	0.11%	0.25%	0.11%
	BKNG	B	0.28%	0.13%	0.13%
	BKR	C	0.07%	0.17%	0.07%
	BLDR	C	0.05%	0.13%	0.05%
	BLK	B	0.28%	0.13%	0.13%
	BMY	C	0.21%	0.3%	0.21%
	BR	C	0.05%	0.04%	0.04%
	BRK.A	C	1.23%	2.31%	1.23%
	BRO	C	0.05%	0.03%	0.03%
	BSX	B	0.25%	0.09%	0.09%
	BX	C	0.23%	0.07%	0.07%
	BXP	C	0.02%	0.02%	0.02%
	C	C	0.23%	0.96%	0.23%
	CAG	B	0.03%	0.08%	0.03%
	CAH	C	0.06%	1.35%	0.06%
	CARR	B	0.13%	0.16%	0.13%
	CAT	B	0.35%	0.43%	0.35%
	CB	B	0.23%	0.32%	0.23%
	CBOE	C	0.05%	0.03%	0.03%
	CBRE	B	0.08%	0.25%	0.08%
	CCI	C	0.1%	0.04%	0.04%
	CCL	C	0.04%	0.15%	0.04%
	CDNS	D	0.15%	0.02%	0.02%
	CDW	D	0.06%	0.12%	0.06%
	CE	D	0.03%	0.05%	0.03%
	CEG	C	0.13%	0.12%	0.12%
	CF	B	0.03%	0.04%	0.03%
	CFG	D	0.04%	0.09%	0.04%
	CHD	C	0.05%	0.03%	0.03%
	CHRW	B	0.02%	0.12%	0.02%
	CHTR	D	0.07%	0.36%	0.07%
	CI	C	0.21%	1.21%	0.21%
	CINF	C	0.04%	0.07%	0.04%
	CL	C	0.16%	0.12%	0.12%
	CLX	C	0.04%	0.05%	0.04%
	CMCSA	C	0.32%	0.73%	0.32%
	CME	B	0.16%	0.03%	0.03%
	CMG	D	0.16%	0.05%	0.05%
	CMI	B	0.08%	0.22%	0.08%
	CMS	B	0.04%	0.05%	0.04%
	CNC	D	0.08%	0.94%	0.08%
	CNP	C	0.04%	0.04%	0.04%
	COF	B	0.11%	0.32%	0.11%
	COP	F	0.26%	0.31%	0.26%
	COST	C	0.81%	1.48%	0.81%
	CPAY	B	0.04%	0.03%	0.03%
	CPB	C	0.02%	0.06%	0.02%
	CPRT	D	0.09%	0.02%	0.02%
	CPT	C	0.03%	0.01%	0.01%
	CRL	F	0.02%	0.02%	0.02%
	CRM	C	0.5%	0.23%	0.23%
	CRWD	D	0.13%	0.01%	0.01%
	CSCO	B	0.42%	0.34%	0.34%
	CSGP	D	0.06%	0.02%	0.02%
	CSX	C	0.14%	0.09%	0.09%
	CTAS	C	0.15%	0.06%	0.06%
	CTLT	B	0.02%	0.02%	0.02%
	CTRA	F	0.04%	0.03%	0.03%
	CTSH	B	0.08%	0.12%	0.08%
	CTVA	B	0.08%	0.11%	0.08%
	CVS	D	0.15%	1.94%	0.15%
	CVX	F	0.51%	1.03%	0.51%
	D	C	0.1%	0.09%	0.09%
	DAL	C	0.02%	0.32%	0.02%
	DAY	D	0.02%	0.01%	0.01%
	DD	B	0.07%	0.07%	0.07%
	DE	A	0.21%	0.35%	0.21%
	DECK	C	0.05%	0.02%	0.02%
	DFS	C	0.07%	0.14%	0.07%
	DG	F	0.04%	0.15%	0.04%
	DGX	B	0.03%	0.06%	0.03%
	DHI	C	0.12%	0.28%	0.12%
	DHR	B	0.37%	0.16%	0.16%
	DIS	D	0.35%	0.46%	0.35%
	DLR	B	0.1%	0.03%	0.03%
	DLTR	F	0.03%	0.12%	0.03%
	DOC	B	0.03%	0.01%	0.01%
	DOV	B	0.05%	0.05%	0.05%
	DOW	C	0.07%	0.23%	0.07%
	DPZ	D	0.03%	0.02%	0.02%
	DRI	C	0.04%	0.07%	0.04%
	DTE	A	0.05%	0.07%	0.05%
	DUK	B	0.18%	0.18%	0.18%
	DVA	B	0.02%	0.08%	0.02%
	DVN	F	0.05%	0.07%	0.05%
	DXCM	F	0.06%	0.01%	0.01%
	EA	D	0.07%	0.04%	0.04%
	EBAY	B	0.06%	0.07%	0.06%
	ECL	B	0.13%	0.09%	0.09%
	ED	B	0.07%	0.09%	0.07%
	EFX	C	0.08%	0.04%	0.04%
	EG	B	0.03%	0.09%	0.03%
	EIX	B	0.07%	0.1%	0.07%
	EL	D	0.04%	0.06%	0.04%
	ELV	D	0.26%	0.96%	0.26%
	EMN	B	0.03%	0.05%	0.03%
	EMR	D	0.12%	0.09%	0.09%
	ENPH	D	0.03%	0.01%	0.01%
	EOG	D	0.15%	0.14%	0.14%
	EPAM	F	0.02%	0.03%	0.02%
	EQIX	B	0.17%	0.05%	0.05%
	EQR	C	0.05%	0.02%	0.02%
	EQT	C	0.04%	0.02%	0.02%
	ES	B	0.05%	0.07%	0.05%
	ESS	C	0.04%	0.01%	0.01%
	ETN	C	0.26%	0.13%	0.13%
	ETR	A	0.06%	0.08%	0.06%
	EVRG	B	0.03%	0.04%	0.03%
	EW	F	0.08%	0.03%	0.03%
	EXC	B	0.08%	0.14%	0.08%
	EXPD	B	0.04%	0.05%	0.04%
	EXPE	C	0.04%	0.08%	0.04%
	EXR	C	0.08%	0.02%	0.02%
	F	F	0.09%	0.92%	0.09%
	FANG	F	0.06%	0.05%	0.05%
	FAST	C	0.08%	0.05%	0.05%
	FCX	C	0.13%	0.12%	0.12%
	FDS	C	0.03%	0.01%	0.01%
	FDX	D	0.14%	0.59%	0.14%
	FE	B	0.05%	0.08%	0.05%
	FFIV	B	0.03%	0.02%	0.02%
	FICO	B	0.1%	0.01%	0.01%
	FIS	C	0.1%	0.07%	0.07%
	FITB	B	0.06%	0.09%	0.06%
	FOX	B	0.01%	0.05%	0.01%
	FOXA	B	0.02%	0.05%	0.02%
	FSLR	C	0.05%	0.02%	0.02%
	FTNT	B	0.1%	0.04%	0.04%
	FTV	C	0.05%	0.04%	0.04%
	GD	C	0.14%	0.25%	0.14%
	GDDY	C	0.04%	0.03%	0.03%
	GE	C	0.41%	0.28%	0.28%
	GEHC	B	0.08%	0.13%	0.08%
	GEV	B	0.13%	0.22%	0.13%
	GILD	B	0.21%	0.2%	0.2%
	GIS	B	0.09%	0.13%	0.09%
	GLW	B	0.07%	0.08%	0.07%
	GM	C	0.11%	1.01%	0.11%
	GOOG	D	1.66%	0.8%	0.8%
	GOOGL	D	1.92%	0.81%	0.81%
	GPC	D	0.04%	0.13%	0.04%
	GPN	D	0.06%	0.06%	0.06%
	GRMN	D	0.05%	0.03%	0.03%
	GS	B	0.32%	0.73%	0.32%
	GWW	B	0.09%	0.1%	0.09%
	HAL	F	0.05%	0.11%	0.05%
	HBAN	B	0.04%	0.07%	0.04%
	HCA	B	0.16%	0.44%	0.16%
	HD	B	0.78%	0.95%	0.78%
	HES	F	0.07%	0.06%	0.06%
	HIG	B	0.07%	0.16%	0.07%
	HII	F	0.02%	0.07%	0.02%
	HLT	B	0.11%	0.06%	0.06%
	HOLX	D	0.04%	0.02%	0.02%
	HON	C	0.27%	0.2%	0.2%
	HPE	C	0.05%	0.14%	0.05%
	HPQ	C	0.07%	0.29%	0.07%
	HRL	F	0.02%	0.07%	0.02%
	HSIC	C	0.02%	0.08%	0.02%
	HST	D	0.03%	0.03%	0.03%
	HSY	D	0.06%	0.07%	0.06%
	HUBB	B	0.05%	0.03%	0.03%
	HUM	F	0.08%	0.53%	0.08%
	HWM	B	0.07%	0.05%	0.05%
	IBM	B	0.4%	0.43%	0.4%
	ICE	C	0.19%	0.06%	0.06%
	IDXX	D	0.09%	0.02%	0.02%
	IEX	C	0.03%	0.02%	0.02%
	IFF	A	0.05%	0.07%	0.05%
	INCY	C	0.02%	0.02%	0.02%
	INTC	D	0.18%	0.21%	0.18%
	INTU	D	0.36%	0.1%	0.1%
	INVH	D	0.04%	0.01%	0.01%
	IP	C	0.03%	0.11%	0.03%
	IPG	C	0.02%	0.06%	0.02%
	IQV	D	0.09%	0.1%	0.09%
	IR	B	0.08%	0.04%	0.04%
	IRM	C	0.07%	0.04%	0.04%
	ISRG	C	0.35%	0.05%	0.05%
	IT	C	0.08%	0.04%	0.04%
	ITW	B	0.15%	0.1%	0.1%
	J	A	0.04%	0.1%	0.04%
	JBHT	D	0.03%	0.08%	0.03%
	JBL	C	0.03%	0.16%	0.03%
	JCI	B	0.1%	0.16%	0.1%
	JKHY	B	0.03%	0.01%	0.01%
	JNJ	C	0.82%	0.56%	0.56%
	JNPR	A	0.03%	0.03%	0.03%
	JPM	D	1.22%	1.52%	1.22%
	K	A	0.04%	0.11%	0.04%
	KDP	B	0.08%	0.09%	0.08%
	KEY	C	0.03%	0.08%	0.03%
	KEYS	B	0.05%	0.03%	0.03%
	KHC	C	0.07%	0.16%	0.07%
	KIM	C	0.03%	0.01%	0.01%
	KKR	B	0.16%	0.15%	0.15%
	KLAC	D	0.2%	0.05%	0.05%
	KMB	C	0.1%	0.11%	0.1%
	KMI	C	0.09%	0.09%	0.09%
	KMX	D	0.02%	0.16%	0.02%
	KO	B	0.6%	0.29%	0.29%
	KR	B	0.08%	0.9%	0.08%
	KVUE	B	0.09%	0.11%	0.09%
	L	D	0.03%	0.1%	0.03%
	LDOS	A	0.04%	0.09%	0.04%
	LEN	B	0.09%	0.24%	0.09%
	LHX	C	0.09%	0.12%	0.09%
	LIN	B	0.46%	0.19%	0.19%
	LKQ	F	0.02%	0.08%	0.02%
	LLY	D	1.49%	0.21%	0.21%
	LMT	A	0.25%	0.48%	0.25%
	LNT	A	0.03%	0.03%	0.03%
	LOW	B	0.3%	0.55%	0.3%
	LRCX	D	0.2%	0.06%	0.06%
	LULU	D	0.06%	0.05%	0.05%
	LUV	C	0.01%	0.15%	0.01%
	LVS	C	0.03%	0.06%	0.03%
	LW	D	0.02%	0.03%	0.02%
	LYB	D	0.05%	0.23%	0.05%
	LYV	A	0.03%	0.15%	0.03%
	MA	B	0.84%	0.16%	0.16%
	MAA	C	0.04%	0.01%	0.01%
	MAR	B	0.12%	0.14%	0.12%
	MAS	B	0.04%	0.05%	0.04%
	MCD	B	0.43%	0.16%	0.16%
	MCHP	D	0.08%	0.04%	0.04%
	MCK	F	0.14%	1.47%	0.14%
	MCO	C	0.16%	0.04%	0.04%
	MDLZ	C	0.21%	0.23%	0.21%
	MDT	B	0.23%	0.2%	0.2%
	MET	B	0.1%	0.44%	0.1%
	META	B	2.41%	0.87%	0.87%
	MGM	D	0.02%	0.09%	0.02%
	MKC	C	0.04%	0.05%	0.04%
	MKTX	D	0.02%	0.01%	0.01%
	MLM	D	0.07%	0.04%	0.04%
	MMC	C	0.23%	0.14%	0.14%
	MMM	B	0.15%	0.18%	0.15%
	MNST	D	0.08%	0.04%	0.04%
	MO	C	0.18%	0.13%	0.13%
	MOH	D	0.04%	0.23%	0.04%
	MOS	F	0.02%	0.07%	0.02%
	MPC	F	0.12%	0.79%	0.12%
	MPWR	B	0.09%	0.01%	0.01%
	MRK	F	0.61%	0.31%	0.31%
	MRNA	F	0.05%	0.01%	0.01%
	MRO	D	0.03%	0.04%	0.03%
	MS	B	0.25%	0.58%	0.25%
	MSCI	C	0.09%	0.02%	0.02%
	MSFT	C	6.21%	1.3%	1.3%
	MSI	B	0.15%	0.07%	0.07%
	MTB	C	0.06%	0.09%	0.06%
	MTCH	C	0.02%	0.02%	0.02%
	MTD	C	0.06%	0.02%	0.02%
	MU	D	0.2%	0.06%	0.06%
	NDAQ	C	0.06%	0.04%	0.04%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	B	0.35%	0.15%	0.15%
	NEM	C	0.12%	0.09%	0.09%
	NFLX	B	0.61%	0.2%	0.2%
	NI	B	0.03%	0.03%	0.03%
	NKE	D	0.2%	0.25%	0.2%
	NOC	B	0.15%	0.27%	0.15%
	NOW	C	0.37%	0.07%	0.07%
	NRG	B	0.04%	0.16%	0.04%
	NSC	C	0.11%	0.08%	0.08%
	NTAP	D	0.05%	0.03%	0.03%
	NTRS	C	0.04%	0.08%	0.04%
	NUE	D	0.07%	0.18%	0.07%
	NVDA	C	5.69%	0.39%	0.39%
	NVR	B	0.06%	0.07%	0.06%
	NWSA	D	0.02%	0.03%	0.02%
	NXPI	D	0.12%	0.07%	0.07%
	O	B	0.11%	0.03%	0.03%
	ODFL	D	0.08%	0.04%	0.04%
	OKE	C	0.11%	0.12%	0.11%
	OMC	B	0.04%	0.1%	0.04%
	ON	D	0.06%	0.05%	0.05%
	ORCL	B	0.56%	0.36%	0.36%
	ORLY	B	0.14%	0.1%	0.1%
	OTIS	B	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.13%	0.07%
	PANW	D	0.22%	0.04%	0.04%
	PARA	D	0.01%	0.17%	0.01%
	PAYC	D	0.02%	0.01%	0.01%
	PAYX	C	0.09%	0.03%	0.03%
	PCAR	D	0.1%	0.18%	0.1%
	PCG	C	0.08%	0.14%	0.08%
	PEG	B	0.09%	0.06%	0.06%
	PEP	D	0.49%	0.54%	0.49%
	PFE	D	0.34%	0.33%	0.33%
	PFG	B	0.04%	0.09%	0.04%
	PG	C	0.84%	0.48%	0.48%
	PGR	C	0.31%	0.45%	0.31%
	PH	B	0.16%	0.14%	0.14%
	PHM	B	0.06%	0.11%	0.06%
	PKG	B	0.04%	0.05%	0.04%
	PLD	C	0.24%	0.05%	0.05%
	PM	C	0.38%	0.23%	0.23%
	PNC	C	0.15%	0.22%	0.15%
	PNR	B	0.03%	0.03%	0.03%
	PODD	C	0.03%	0.01%	0.01%
	POOL	C	0.03%	0.03%	0.03%
	PPG	C	0.06%	0.1%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	C	0.09%	0.35%	0.09%
	PSA	C	0.12%	0.03%	0.03%
	PSX	F	0.11%	0.8%	0.11%
	PTC	C	0.04%	0.01%	0.01%
	PWR	B	0.08%	0.13%	0.08%
	PYPL	B	0.15%	0.21%	0.15%
	QCOM	D	0.38%	0.16%	0.16%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	B	0.08%	0.09%	0.08%
	REG	C	0.03%	0.01%	0.01%
	REGN	D	0.25%	0.08%	0.08%
	RF	B	0.04%	0.06%	0.04%
	RJF	C	0.05%	0.08%	0.05%
	RMD	C	0.07%	0.03%	0.03%
	ROK	D	0.06%	0.05%	0.05%
	ROL	C	0.03%	0.02%	0.02%
	ROP	C	0.12%	0.04%	0.04%
	ROST	C	0.1%	0.12%	0.1%
	RSG	D	0.09%	0.09%	0.09%
	RTX	B	0.32%	0.45%	0.32%
	SBAC	C	0.05%	0.02%	0.02%
	SBUX	C	0.22%	0.25%	0.22%
	SCHW	D	0.2%	0.12%	0.12%
	SHW	B	0.18%	0.16%	0.16%
	SJM	C	0.03%	0.05%	0.03%
	SLB	F	0.12%	0.19%	0.12%
	SMCI	F	0.05%	0.03%	0.03%
	SNA	B	0.03%	0.03%	0.03%
	SNPS	F	0.15%	0.03%	0.03%
	SO	B	0.2%	0.16%	0.16%
	SOLV	D	0.02%	0.06%	0.02%
	SPG	B	0.11%	0.04%	0.04%
	SPGI	C	0.34%	0.09%	0.09%
	SRE	B	0.11%	0.08%	0.08%
	STE	B	0.05%	0.03%	0.03%
	STLD	C	0.04%	0.1%	0.04%
	STT	B	0.05%	0.13%	0.05%
	STX	B	0.04%	0.03%	0.03%
	STZ	C	0.08%	0.05%	0.05%
	SW	B	0.05%	0.11%	0.05%
	SWK	B	0.03%	0.11%	0.03%
	SWKS	F	0.03%	0.02%	0.02%
	SYF	C	0.04%	0.13%	0.04%
	SYK	C	0.25%	0.12%	0.12%
	SYY	C	0.08%	0.45%	0.08%
	T	B	0.32%	0.82%	0.32%
	TAP	D	0.02%	0.07%	0.02%
	TDG	B	0.16%	0.04%	0.04%
	TDY	B	0.04%	0.03%	0.03%
	TECH	C	0.02%	0.01%	0.01%
	TEL	D	0.09%	0.09%	0.09%
	TER	C	0.04%	0.01%	0.01%
	TFC	D	0.11%	0.22%	0.11%
	TFX	B	0.02%	0.02%	0.02%
	TGT	C	0.15%	0.65%	0.15%
	TJX	C	0.27%	0.33%	0.27%
	TMO	B	0.48%	0.25%	0.25%
	TMUS	B	0.21%	0.49%	0.21%
	TRGP	C	0.07%	0.11%	0.07%
	TRMB	C	0.03%	0.02%	0.02%
	TROW	C	0.05%	0.04%	0.04%
	TRV	C	0.11%	0.27%	0.11%
	TSCO	B	0.06%	0.08%	0.06%
	TSLA	C	1.33%	0.72%	0.72%
	TSN	D	0.04%	0.33%	0.04%
	TT	B	0.17%	0.12%	0.12%
	TTWO	D	0.05%	0.03%	0.03%
	TXN	B	0.37%	0.1%	0.1%
	TXT	D	0.03%	0.08%	0.03%
	TYL	C	0.05%	0.01%	0.01%
	UBER	C	0.28%	0.23%	0.23%
	UDR	C	0.03%	0.01%	0.01%
	UHS	C	0.03%	0.1%	0.03%
	ULTA	D	0.04%	0.06%	0.04%
	UNH	C	1.09%	2.44%	1.09%
	UNP	D	0.31%	0.15%	0.15%
	UPS	D	0.19%	0.48%	0.19%
	URI	B	0.11%	0.1%	0.1%
	USB	C	0.14%	0.27%	0.14%
	V	C	0.93%	0.2%	0.2%
	VICI	C	0.07%	0.02%	0.02%
	VLO	F	0.09%	0.72%	0.09%
	VLTO	B	0.05%	0.03%	0.03%
	VMC	C	0.07%	0.04%	0.04%
	VRSK	D	0.08%	0.01%	0.01%
	VRSN	C	0.03%	0.01%	0.01%
	VRTX	D	0.25%	0.06%	0.06%
	VST	B	0.06%	0.08%	0.06%
	VTR	C	0.05%	0.03%	0.03%
	VTRS	D	0.03%	0.1%	0.03%
	VZ	A	0.38%	0.82%	0.38%
	WAB	B	0.06%	0.06%	0.06%
	WAT	B	0.04%	0.02%	0.02%
	WBA	F	0.01%	0.46%	0.01%
	WBD	D	0.04%	0.26%	0.04%
	WDC	C	0.04%	0.06%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	C	0.16%	0.05%	0.05%
	WFC	D	0.39%	0.65%	0.39%
	WM	D	0.17%	0.11%	0.11%
	WMB	C	0.11%	0.06%	0.06%
	WMT	B	0.71%	4.23%	0.71%
	WRB	D	0.04%	0.08%	0.04%
	WST	D	0.05%	0.01%	0.01%
	WTW	B	0.06%	0.06%	0.06%
	WY	C	0.05%	0.05%	0.05%
	WYNN	C	0.02%	0.03%	0.02%
	XEL	B	0.07%	0.09%	0.07%
	XOM	D	1.05%	1.95%	1.05%
	XYL	C	0.07%	0.04%	0.04%
	YUM	B	0.08%	0.04%	0.04%
	ZBH	F	0.04%	0.04%	0.04%
	ZBRA	B	0.04%	0.03%	0.03%
	ZTS	B	0.18%	0.05%	0.05%

PBUS Overweight 101 Positions Relative to RWL

	Symbol	Grade	Weight
	MELI	C	0.2%
	PLTR	C	0.15%
	MRVL	D	0.13%
	WDAY	D	0.11%
	APO	B	0.1%
	TTD	B	0.1%
	WCN	D	0.09%
	SQ	D	0.08%
	DASH	B	0.08%
	FLUT	C	0.08%
	LNG	D	0.08%
	DELL	C	0.07%
	VEEV	C	0.07%
	SNOW	F	0.07%
	ALNY	C	0.07%
	ARES	B	0.06%
	COIN	F	0.06%
	DDOG	D	0.06%
	VRT	C	0.06%
	NET	D	0.05%
	HUBS	D	0.05%
	APP	C	0.05%
	TEAM	D	0.05%
	BURL	C	0.04%
	PINS	D	0.04%
	SUI	C	0.04%
	TPL	C	0.04%
	AVTR	C	0.04%
	EME	B	0.04%
	WSM	C	0.04%
	FCNCA	D	0.04%
	LII	C	0.04%
	TRU	B	0.04%
	CSL	B	0.04%
	BAH	B	0.04%
	MKL	C	0.04%
	MDB	D	0.04%
	MSTR	C	0.04%
	ILMN	D	0.04%
	RBLX	C	0.04%
	DKS	D	0.03%
	EXAS	D	0.03%
	ELS	D	0.03%
	AMH	D	0.03%
	ACM	B	0.03%
	BMRN	F	0.03%
	EQH	C	0.03%
	GLPI	C	0.03%
	TW	B	0.03%
	ERIE	B	0.03%
	WPC	C	0.03%
	GGG	C	0.03%
	UTHR	B	0.03%
	DT	C	0.03%
	OC	C	0.03%
	HEI	C	0.03%
	PSTG	F	0.03%
	ZS	F	0.03%
	FNF	B	0.03%
	LPLA	D	0.03%
	RPM	B	0.03%
	RS	D	0.03%
	ENTG	D	0.03%
	SSNC	C	0.03%
	ZM	C	0.03%
	MANH	B	0.03%
	DKNG	C	0.03%
	WSO	C	0.03%
	CRBG	C	0.02%
	SEIC	B	0.02%
	DINO	F	0.02%
	BSY	C	0.02%
	CHK	C	0.02%
	CHRD	F	0.02%
	KNX	C	0.02%
	TTC	F	0.02%
	CNH	C	0.02%
	ALLY	F	0.02%
	RIVN	F	0.02%
	TOST	C	0.02%
	AFG	C	0.02%
	IOT	C	0.02%
	ROKU	D	0.02%
	CG	C	0.02%
	Z	C	0.02%
	WTRG	D	0.02%
	SNAP	D	0.02%
	TWLO	C	0.02%
	RPRX	C	0.02%
	OVV	F	0.02%
	CCK	B	0.02%
	HEI	C	0.02%
	DOCU	C	0.02%
	NBIX	F	0.02%
	OKTA	F	0.02%
	HOOD	C	0.02%
	CELH	F	0.01%
	WLK	C	0.01%
	H	B	0.01%
	UHAL	B	0.01%
	ACI	F	0.01%

PBUS Underweight 17 Positions Relative to RWL

	Symbol	Grade	Weight
	UAL	B	-0.32%
	AAL	D	-0.29%
	MHK	B	-0.09%
	BWA	C	-0.09%
	CZR	C	-0.07%
	NCLH	B	-0.06%
	RL	B	-0.04%
	TPR	A	-0.04%
	IVZ	B	-0.04%
	GL	D	-0.04%
	FMC	B	-0.03%
	NWS	D	-0.03%
	PNW	C	-0.03%
	HAS	B	-0.03%
	GNRC	D	-0.02%
	FRT	C	-0.01%
	ETSY	D	-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

RWL: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies 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 Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank