PBUS vs. SPY ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to SPDR S&P 500 (SPY)

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

$55.49

Average Daily Volume

153,812

Number of Holdings ^*

588

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$554.59

Average Daily Volume

47,763,637

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	SPY
30 Days	4.13%	4.07%
60 Days	7.72%	7.72%
90 Days	7.10%	7.33%
12 Months	28.08%	27.92%

481 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in SPY	Overlap
	A	D	0.08%	0.08%	0.08%
	AAPL	A	6.54%	6.69%	6.54%
	ABBV	C	0.62%	0.65%	0.62%
	ABNB	B	0.14%	0.15%	0.14%
	ABT	D	0.38%	0.39%	0.38%
	ACGL	C	0.08%	0.08%	0.08%
	ACN	D	0.4%	0.41%	0.4%
	ADBE	B	0.51%	0.53%	0.51%
	ADI	B	0.23%	0.24%	0.23%
	ADM	C	0.06%	0.06%	0.06%
	ADP	D	0.2%	0.21%	0.2%
	ADSK	B	0.11%	0.11%	0.11%
	AEE	D	0.04%	0.04%	0.04%
	AEP	C	0.1%	0.1%	0.1%
	AES	D	0.03%	0.03%	0.03%
	AFL	B	0.1%	0.1%	0.1%
	AIG	D	0.11%	0.11%	0.11%
	AIZ	D	0.02%	0.02%	0.02%
	AJG	A	0.12%	0.12%	0.12%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	D	0.04%	0.04%	0.04%
	ALL	D	0.09%	0.09%	0.09%
	ALLE	D	0.02%	0.02%	0.02%
	AMAT	B	0.4%	0.42%	0.4%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	B	0.54%	0.56%	0.54%
	AME	D	0.08%	0.08%	0.08%
	AMGN	B	0.35%	0.36%	0.35%
	AMP	B	0.09%	0.09%	0.09%
	AMT	B	0.19%	0.2%	0.19%
	AMZN	A	3.86%	3.93%	3.86%
	ANET	A	0.19%	0.19%	0.19%
	ANSS	C	0.06%	0.06%	0.06%
	AON	C	0.12%	0.14%	0.12%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.02%	0.02%	0.02%
	APD	D	0.12%	0.13%	0.12%
	APH	B	0.17%	0.17%	0.17%
	APTV	F	0.04%	0.04%	0.04%
	ARE	C	0.04%	0.04%	0.04%
	ATO	D	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.06%	0.06%
	AVGO	B	1.45%	1.5%	1.45%
	AVY	D	0.04%	0.04%	0.04%
	AWK	B	0.05%	0.05%	0.05%
	AXON	C	0.04%	0.05%	0.04%
	AXP	C	0.27%	0.28%	0.27%
	AZO	C	0.11%	0.11%	0.11%
	BA	C	0.22%	0.23%	0.22%
	BAC	B	0.58%	0.58%	0.58%
	BALL	D	0.04%	0.04%	0.04%
	BAX	C	0.04%	0.04%	0.04%
	BBWI	F	0.02%	0.02%	0.02%
	BBY	C	0.03%	0.04%	0.03%
	BDX	F	0.14%	0.14%	0.14%
	BEN	F	0.01%	0.01%	0.01%
	BG	B	0.03%	0.03%	0.03%
	BIIB	C	0.07%	0.07%	0.07%
	BIO	D	0.01%	0.01%	0.01%
	BK	B	0.09%	0.1%	0.09%
	BKNG	B	0.29%	0.29%	0.29%
	BKR	C	0.07%	0.07%	0.07%
	BLDR	F	0.03%	0.04%	0.03%
	BLK	B	0.24%	0.24%	0.24%
	BMY	F	0.18%	0.18%	0.18%
	BR	B	0.05%	0.05%	0.05%
	BRK.A	C	1.11%	1.6%	1.11%
	BRO	B	0.05%	0.05%	0.05%
	BSX	B	0.24%	0.24%	0.24%
	BX	C	0.18%	0.19%	0.18%
	BXP	C	0.02%	0.02%	0.02%
	C	B	0.25%	0.25%	0.25%
	CAG	D	0.03%	0.03%	0.03%
	CAH	D	0.05%	0.05%	0.05%
	CARR	C	0.11%	0.11%	0.11%
	CAT	D	0.34%	0.35%	0.34%
	CB	C	0.22%	0.23%	0.22%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	C	0.06%	0.06%	0.06%
	CCI	D	0.09%	0.09%	0.09%
	CCL	C	0.04%	0.04%	0.04%
	CDNS	B	0.18%	0.18%	0.18%
	CDW	D	0.06%	0.07%	0.06%
	CE	F	0.03%	0.03%	0.03%
	CEG	B	0.13%	0.14%	0.13%
	CF	F	0.03%	0.03%	0.03%
	CFG	B	0.03%	0.03%	0.03%
	CHD	C	0.05%	0.06%	0.05%
	CHRW	C	0.02%	0.02%	0.02%
	CHTR	C	0.06%	0.06%	0.06%
	CI	D	0.2%	0.21%	0.2%
	CINF	C	0.04%	0.04%	0.04%
	CL	B	0.16%	0.18%	0.16%
	CLX	D	0.04%	0.04%	0.04%
	CMCSA	F	0.32%	0.32%	0.32%
	CME	D	0.15%	0.15%	0.15%
	CMG	D	0.18%	0.19%	0.18%
	CMI	D	0.08%	0.08%	0.08%
	CMS	D	0.04%	0.04%	0.04%
	CNC	D	0.07%	0.08%	0.07%
	CNP	B	0.04%	0.04%	0.04%
	COF	D	0.11%	0.11%	0.11%
	COP	D	0.28%	0.29%	0.28%
	COST	A	0.79%	0.82%	0.79%
	CPAY	D	0.04%	0.04%	0.04%
	CPB	B	0.02%	0.02%	0.02%
	CPRT	C	0.1%	0.1%	0.1%
	CPT	B	0.02%	0.03%	0.02%
	CRL	F	0.02%	0.02%	0.02%
	CRM	C	0.51%	0.53%	0.51%
	CRWD	B	0.18%	0.19%	0.18%
	CSCO	D	0.4%	0.42%	0.4%
	CSGP	F	0.06%	0.07%	0.06%
	CSX	D	0.13%	0.14%	0.13%
	CTAS	A	0.14%	0.13%	0.13%
	CTLT	B	0.02%	0.02%	0.02%
	CTRA	D	0.04%	0.04%	0.04%
	CTSH	C	0.07%	0.07%	0.07%
	CTVA	D	0.08%	0.08%	0.08%
	CVS	D	0.15%	0.16%	0.15%
	CVX	D	0.57%	0.58%	0.57%
	CZR	C	0.02%	0.02%	0.02%
	D	C	0.09%	0.09%	0.09%
	DAL	D	0.02%	0.07%	0.02%
	DAY	F	0.02%	0.02%	0.02%
	DD	C	0.07%	0.07%	0.07%
	DE	F	0.21%	0.21%	0.21%
	DECK	C	0.05%	0.06%	0.05%
	DFS	B	0.06%	0.07%	0.06%
	DG	F	0.06%	0.06%	0.06%
	DGX	C	0.03%	0.03%	0.03%
	DHI	D	0.09%	0.09%	0.09%
	DHR	D	0.37%	0.36%	0.36%
	DIS	D	0.39%	0.4%	0.39%
	DLR	B	0.1%	0.1%	0.1%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	B	0.03%	0.03%	0.03%
	DOV	D	0.05%	0.05%	0.05%
	DOW	D	0.08%	0.08%	0.08%
	DPZ	D	0.04%	0.04%	0.04%
	DRI	D	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	C	0.16%	0.17%	0.16%
	DVA	C	0.02%	0.02%	0.02%
	DVN	D	0.06%	0.07%	0.06%
	DXCM	D	0.09%	0.1%	0.09%
	EA	B	0.07%	0.07%	0.07%
	EBAY	B	0.06%	0.06%	0.06%
	ECL	B	0.13%	0.13%	0.13%
	ED	D	0.06%	0.07%	0.06%
	EFX	B	0.06%	0.06%	0.06%
	EG	D	0.03%	0.04%	0.03%
	EIX	C	0.06%	0.06%	0.06%
	EL	F	0.05%	0.06%	0.05%
	ELV	C	0.26%	0.27%	0.26%
	EMN	D	0.02%	0.03%	0.02%
	EMR	C	0.13%	0.13%	0.13%
	ENPH	F	0.03%	0.03%	0.03%
	EOG	D	0.15%	0.16%	0.15%
	EPAM	F	0.02%	0.02%	0.02%
	EQIX	C	0.15%	0.15%	0.15%
	EQR	B	0.05%	0.05%	0.05%
	EQT	D	0.03%	0.04%	0.03%
	ES	C	0.04%	0.04%	0.04%
	ESS	B	0.04%	0.04%	0.04%
	ETN	C	0.26%	0.27%	0.26%
	ETR	D	0.05%	0.05%	0.05%
	ETSY	F	0.01%	0.02%	0.01%
	EVRG	D	0.03%	0.03%	0.03%
	EW	B	0.12%	0.12%	0.12%
	EXC	D	0.07%	0.07%	0.07%
	EXPD	B	0.04%	0.04%	0.04%
	EXPE	C	0.03%	0.03%	0.03%
	EXR	B	0.07%	0.07%	0.07%
	F	B	0.1%	0.1%	0.1%
	FANG	B	0.07%	0.08%	0.07%
	FAST	D	0.08%	0.08%	0.08%
	FCX	C	0.14%	0.15%	0.14%
	FDS	C	0.03%	0.03%	0.03%
	FDX	B	0.14%	0.14%	0.14%
	FE	C	0.04%	0.04%	0.04%
	FFIV	C	0.02%	0.02%	0.02%
	FICO	A	0.08%	0.08%	0.08%
	FIS	B	0.09%	0.09%	0.09%
	FITB	D	0.05%	0.05%	0.05%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	C	0.05%	0.06%	0.05%
	FTNT	C	0.08%	0.08%	0.08%
	FTV	D	0.05%	0.06%	0.05%
	GD	D	0.14%	0.14%	0.14%
	GDDY	A	0.04%	0.04%	0.04%
	GE	D	0.37%	0.38%	0.37%
	GEHC	D	0.07%	0.07%	0.07%
	GEV	B	0.1%	0.1%	0.1%
	GILD	C	0.18%	0.19%	0.18%
	GIS	D	0.07%	0.08%	0.07%
	GLW	B	0.06%	0.06%	0.06%
	GM	B	0.11%	0.11%	0.11%
	GOOG	A	1.99%	1.98%	1.98%
	GOOGL	A	2.27%	2.36%	2.27%
	GPC	D	0.04%	0.04%	0.04%
	GPN	D	0.05%	0.05%	0.05%
	GRMN	C	0.05%	0.05%	0.05%
	GS	A	0.3%	0.31%	0.3%
	GWW	C	0.08%	0.09%	0.08%
	HAL	F	0.06%	0.07%	0.06%
	HBAN	D	0.04%	0.04%	0.04%
	HCA	C	0.14%	0.14%	0.14%
	HD	C	0.7%	0.73%	0.7%
	HES	D	0.08%	0.09%	0.08%
	HIG	C	0.06%	0.07%	0.06%
	HII	D	0.02%	0.02%	0.02%
	HLT	B	0.11%	0.12%	0.11%
	HOLX	C	0.04%	0.04%	0.04%
	HON	B	0.29%	0.3%	0.29%
	HPE	C	0.06%	0.06%	0.06%
	HPQ	C	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSIC	D	0.02%	0.02%	0.02%
	HST	D	0.03%	0.03%	0.03%
	HSY	F	0.06%	0.06%	0.06%
	HUBB	C	0.04%	0.04%	0.04%
	HUM	C	0.09%	0.09%	0.09%
	HWM	C	0.06%	0.07%	0.06%
	IBM	B	0.33%	0.34%	0.33%
	ICE	A	0.16%	0.17%	0.16%
	IDXX	D	0.09%	0.09%	0.09%
	IEX	D	0.03%	0.03%	0.03%
	IFF	B	0.05%	0.05%	0.05%
	INCY	D	0.02%	0.02%	0.02%
	INTC	C	0.27%	0.28%	0.27%
	INTU	A	0.38%	0.4%	0.38%
	INVH	A	0.04%	0.04%	0.04%
	IP	C	0.03%	0.03%	0.03%
	IPG	F	0.02%	0.02%	0.02%
	IQV	D	0.08%	0.08%	0.08%
	IR	C	0.08%	0.08%	0.08%
	IRM	B	0.05%	0.06%	0.05%
	ISRG	A	0.33%	0.34%	0.33%
	IT	B	0.07%	0.08%	0.07%
	ITW	D	0.15%	0.14%	0.14%
	J	D	0.04%	0.04%	0.04%
	JBHT	F	0.03%	0.03%	0.03%
	JBL	F	0.03%	0.03%	0.03%
	JCI	D	0.1%	0.1%	0.1%
	JKHY	C	0.03%	0.03%	0.03%
	JNJ	F	0.73%	0.76%	0.73%
	JNPR	B	0.02%	0.02%	0.02%
	JPM	B	1.19%	1.24%	1.19%
	K	D	0.03%	0.03%	0.03%
	KDP	D	0.08%	0.08%	0.08%
	KEY	C	0.03%	0.03%	0.03%
	KEYS	D	0.05%	0.05%	0.05%
	KHC	D	0.06%	0.06%	0.06%
	KIM	B	0.03%	0.03%	0.03%
	KKR	C	0.14%	0.15%	0.14%
	KLAC	B	0.23%	0.24%	0.23%
	KMB	B	0.1%	0.1%	0.1%
	KMI	B	0.08%	0.08%	0.08%
	KMX	C	0.02%	0.03%	0.02%
	KO	A	0.54%	0.54%	0.54%
	KR	C	0.07%	0.07%	0.07%
	KVUE	F	0.07%	0.08%	0.07%
	L	D	0.03%	0.03%	0.03%
	LDOS	B	0.04%	0.04%	0.04%
	LEN	D	0.08%	0.08%	0.08%
	LHX	B	0.09%	0.09%	0.09%
	LIN	C	0.44%	0.46%	0.44%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	A	1.53%	1.57%	1.53%
	LMT	C	0.21%	0.22%	0.21%
	LNT	B	0.03%	0.03%	0.03%
	LOW	D	0.26%	0.27%	0.26%
	LRCX	B	0.29%	0.3%	0.29%
	LULU	F	0.07%	0.08%	0.07%
	LUV	D	0.01%	0.04%	0.01%
	LVS	F	0.03%	0.04%	0.03%
	LW	F	0.02%	0.03%	0.02%
	LYB	D	0.05%	0.05%	0.05%
	LYV	C	0.03%	0.03%	0.03%
	MA	C	0.77%	0.79%	0.77%
	MAA	C	0.03%	0.04%	0.03%
	MAR	C	0.12%	0.13%	0.12%
	MAS	D	0.03%	0.03%	0.03%
	MCD	F	0.39%	0.4%	0.39%
	MCHP	C	0.1%	0.1%	0.1%
	MCK	B	0.16%	0.17%	0.16%
	MCO	A	0.14%	0.14%	0.14%
	MDLZ	D	0.19%	0.19%	0.19%
	MDT	D	0.22%	0.23%	0.22%
	MET	D	0.09%	0.09%	0.09%
	META	A	2.37%	2.47%	2.37%
	MGM	B	0.02%	0.02%	0.02%
	MKC	C	0.04%	0.04%	0.04%
	MKTX	C	0.02%	0.02%	0.02%
	MLM	D	0.07%	0.07%	0.07%
	MMC	B	0.22%	0.23%	0.22%
	MMM	B	0.12%	0.12%	0.12%
	MNST	D	0.08%	0.08%	0.08%
	MO	A	0.16%	0.17%	0.16%
	MOH	F	0.04%	0.04%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.13%	0.13%	0.13%
	MPWR	B	0.08%	0.08%	0.08%
	MRK	C	0.68%	0.71%	0.68%
	MRNA	D	0.08%	0.09%	0.08%
	MRO	B	0.03%	0.03%	0.03%
	MS	B	0.24%	0.26%	0.24%
	MSCI	C	0.08%	0.08%	0.08%
	MSFT	A	6.66%	7.29%	6.66%
	MSI	B	0.13%	0.14%	0.13%
	MTB	C	0.05%	0.05%	0.05%
	MTCH	F	0.02%	0.02%	0.02%
	MTD	D	0.06%	0.07%	0.06%
	MU	C	0.3%	0.32%	0.3%
	NDAQ	C	0.05%	0.05%	0.05%
	NDSN	D	0.03%	0.03%	0.03%
	NEE	D	0.32%	0.33%	0.32%
	NEM	A	0.1%	0.1%	0.1%
	NFLX	A	0.62%	0.64%	0.62%
	NI	B	0.03%	0.03%	0.03%
	NKE	F	0.24%	0.25%	0.24%
	NOC	D	0.13%	0.13%	0.13%
	NOW	A	0.33%	0.34%	0.33%
	NRG	D	0.04%	0.04%	0.04%
	NSC	D	0.1%	0.1%	0.1%
	NTAP	A	0.06%	0.06%	0.06%
	NTRS	C	0.04%	0.04%	0.04%
	NUE	F	0.08%	0.08%	0.08%
	NVDA	B	6.45%	6.61%	6.45%
	NVR	D	0.05%	0.05%	0.05%
	NWSA	B	0.02%	0.02%	0.02%
	NXPI	B	0.14%	0.15%	0.14%
	O	C	0.09%	0.1%	0.09%
	ODFL	C	0.07%	0.07%	0.07%
	OKE	B	0.1%	0.1%	0.1%
	OMC	D	0.04%	0.04%	0.04%
	ON	C	0.06%	0.06%	0.06%
	ORCL	A	0.48%	0.48%	0.48%
	ORLY	C	0.13%	0.14%	0.13%
	OTIS	B	0.08%	0.08%	0.08%
	OXY	D	0.09%	0.09%	0.09%
	PANW	B	0.23%	0.24%	0.23%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	F	0.02%	0.01%	0.01%
	PAYX	D	0.08%	0.08%	0.08%
	PCAR	D	0.11%	0.12%	0.11%
	PCG	D	0.07%	0.08%	0.07%
	PEG	B	0.08%	0.08%	0.08%
	PEP	D	0.48%	0.5%	0.48%
	PFE	C	0.33%	0.34%	0.33%
	PFG	D	0.04%	0.04%	0.04%
	PG	C	0.82%	0.85%	0.82%
	PGR	B	0.26%	0.27%	0.26%
	PH	D	0.13%	0.14%	0.13%
	PHM	D	0.05%	0.05%	0.05%
	PKG	C	0.03%	0.04%	0.03%
	PLD	C	0.21%	0.22%	0.21%
	PM	B	0.33%	0.34%	0.33%
	PNC	C	0.13%	0.13%	0.13%
	PNR	D	0.03%	0.03%	0.03%
	PODD	C	0.03%	0.03%	0.03%
	POOL	F	0.02%	0.03%	0.02%
	PPG	D	0.06%	0.06%	0.06%
	PPL	D	0.04%	0.04%	0.04%
	PRU	B	0.09%	0.09%	0.09%
	PSA	B	0.09%	0.1%	0.09%
	PSX	D	0.12%	0.13%	0.12%
	PTC	B	0.05%	0.05%	0.05%
	PWR	D	0.08%	0.08%	0.08%
	PYPL	D	0.12%	0.13%	0.12%
	QCOM	B	0.45%	0.47%	0.45%
	QRVO	B	0.02%	0.02%	0.02%
	RCL	B	0.08%	0.08%	0.08%
	REG	B	0.02%	0.02%	0.02%
	REGN	B	0.24%	0.24%	0.24%
	RF	B	0.04%	0.04%	0.04%
	RJF	D	0.05%	0.05%	0.05%
	RMD	C	0.06%	0.06%	0.06%
	ROK	D	0.06%	0.07%	0.06%
	ROL	A	0.03%	0.03%	0.03%
	ROP	B	0.13%	0.13%	0.13%
	ROST	B	0.1%	0.11%	0.1%
	RSG	A	0.09%	0.09%	0.09%
	RTX	D	0.28%	0.29%	0.28%
	SBAC	F	0.04%	0.05%	0.04%
	SBUX	F	0.19%	0.19%	0.19%
	SCHW	D	0.23%	0.24%	0.23%
	SHW	D	0.15%	0.15%	0.15%
	SJM	D	0.02%	0.02%	0.02%
	SLB	D	0.14%	0.15%	0.14%
	SMCI	B	0.1%	0.1%	0.1%
	SNA	F	0.03%	0.03%	0.03%
	SNPS	B	0.19%	0.2%	0.19%
	SO	B	0.18%	0.18%	0.18%
	SOLV	F	0.02%	0.02%	0.02%
	SPG	C	0.1%	0.11%	0.1%
	SPGI	B	0.3%	0.31%	0.3%
	SRE	B	0.1%	0.1%	0.1%
	STE	C	0.04%	0.05%	0.04%
	STLD	D	0.04%	0.04%	0.04%
	STT	C	0.05%	0.05%	0.05%
	STX	B	0.04%	0.04%	0.04%
	STZ	B	0.09%	0.09%	0.09%
	SWK	D	0.03%	0.03%	0.03%
	SWKS	C	0.04%	0.04%	0.04%
	SYF	B	0.04%	0.04%	0.04%
	SYK	B	0.24%	0.25%	0.24%
	SYY	D	0.08%	0.08%	0.08%
	T	B	0.28%	0.29%	0.28%
	TAP	F	0.02%	0.02%	0.02%
	TDG	D	0.15%	0.15%	0.15%
	TDY	D	0.04%	0.04%	0.04%
	TECH	D	0.02%	0.02%	0.02%
	TEL	B	0.1%	0.1%	0.1%
	TER	A	0.05%	0.05%	0.05%
	TFC	B	0.11%	0.11%	0.11%
	TFX	C	0.02%	0.02%	0.02%
	TGT	D	0.14%	0.15%	0.14%
	TJX	A	0.26%	0.27%	0.26%
	TMO	D	0.44%	0.46%	0.44%
	TMUS	B	0.2%	0.2%	0.2%
	TRGP	A	0.06%	0.06%	0.06%
	TRMB	C	0.03%	0.03%	0.03%
	TROW	C	0.05%	0.06%	0.05%
	TRV	D	0.1%	0.1%	0.1%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	B	1.18%	1.19%	1.18%
	TSN	D	0.03%	0.03%	0.03%
	TT	B	0.16%	0.16%	0.16%
	TTWO	C	0.05%	0.05%	0.05%
	TXN	B	0.37%	0.38%	0.37%
	TXT	D	0.03%	0.04%	0.03%
	TYL	A	0.04%	0.04%	0.04%
	UBER	B	0.27%	0.32%	0.27%
	UDR	B	0.03%	0.03%	0.03%
	UHS	C	0.02%	0.03%	0.02%
	ULTA	D	0.04%	0.04%	0.04%
	UNH	D	0.93%	0.97%	0.93%
	UNP	D	0.28%	0.3%	0.28%
	UPS	D	0.21%	0.21%	0.21%
	URI	D	0.09%	0.09%	0.09%
	USB	D	0.13%	0.13%	0.13%
	V	C	0.88%	0.91%	0.88%
	VICI	D	0.06%	0.06%	0.06%
	VLO	D	0.11%	0.11%	0.11%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	D	0.07%	0.07%	0.07%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	C	0.03%	0.03%	0.03%
	VRTX	B	0.25%	0.26%	0.25%
	VST	C	0.06%	0.06%	0.06%
	VTR	A	0.04%	0.04%	0.04%
	VTRS	D	0.03%	0.03%	0.03%
	VZ	B	0.36%	0.37%	0.36%
	WAB	D	0.06%	0.06%	0.06%
	WAT	D	0.04%	0.04%	0.04%
	WBA	F	0.02%	0.02%	0.02%
	WBD	F	0.04%	0.04%	0.04%
	WDC	B	0.05%	0.05%	0.05%
	WEC	D	0.05%	0.05%	0.05%
	WELL	A	0.12%	0.13%	0.12%
	WFC	C	0.42%	0.43%	0.42%
	WM	B	0.18%	0.17%	0.17%
	WMB	B	0.11%	0.11%	0.11%
	WMT	A	0.63%	0.63%	0.63%
	WRB	C	0.03%	0.04%	0.03%
	WRK	C	0.03%	0.03%	0.03%
	WST	F	0.05%	0.05%	0.05%
	WTW	B	0.06%	0.06%	0.06%
	WY	F	0.04%	0.04%	0.04%
	WYNN	D	0.02%	0.02%	0.02%
	XEL	D	0.06%	0.06%	0.06%
	XOM	D	1.07%	1.12%	1.07%
	XYL	D	0.07%	0.07%	0.07%
	YUM	D	0.08%	0.08%	0.08%
	ZBH	D	0.05%	0.05%	0.05%
	ZBRA	C	0.03%	0.03%	0.03%
	ZTS	C	0.17%	0.18%	0.17%

PBUS Overweight 107 Positions Relative to SPY

	Symbol	Grade	Weight
	MELI	B	0.16%
	MRVL	C	0.12%
	APO	B	0.1%
	WDAY	D	0.1%
	PLTR	A	0.1%
	COIN	C	0.09%
	TTD	A	0.09%
	WCN	B	0.09%
	DELL	C	0.08%
	LNG	B	0.08%
	SNOW	D	0.08%
	DASH	C	0.07%
	VRT	C	0.07%
	SQ	C	0.07%
	DDOG	B	0.07%
	TEAM	C	0.06%
	HUBS	C	0.06%
	VEEV	D	0.06%
	ALNY	A	0.06%
	MSTR	D	0.05%
	NET	B	0.05%
	ARES	C	0.05%
	PINS	B	0.05%
	FCNCA	C	0.04%
	ZS	B	0.04%
	SNAP	B	0.04%
	LII	B	0.04%
	EME	D	0.04%
	WSM	D	0.04%
	RBLX	B	0.04%
	MDB	D	0.04%
	CSL	C	0.04%
	PSTG	B	0.04%
	ENTG	B	0.04%
	BAH	C	0.04%
	MKL	D	0.04%
	LPLA	B	0.04%
	ACM	D	0.03%
	WPC	D	0.03%
	TW	C	0.03%
	OVV	D	0.03%
	FNF	D	0.03%
	DKS	C	0.03%
	HEI	B	0.03%
	NBIX	C	0.03%
	EQH	B	0.03%
	GGG	D	0.03%
	SSNC	B	0.03%
	RPM	D	0.03%
	UTHR	B	0.03%
	TRU	C	0.03%
	ZM	F	0.03%
	TPL	B	0.03%
	AVTR	D	0.03%
	OKTA	C	0.03%
	APP	B	0.03%
	SUI	C	0.03%
	OC	D	0.03%
	BURL	B	0.03%
	MANH	B	0.03%
	WSO	B	0.03%
	BMRN	C	0.03%
	DKNG	F	0.03%
	RS	D	0.03%
	ILMN	D	0.03%
	DOCU	C	0.02%
	ALLY	B	0.02%
	ELS	C	0.02%
	DT	F	0.02%
	HOOD	B	0.02%
	GLPI	B	0.02%
	AMH	A	0.02%
	Z	C	0.02%
	CRBG	C	0.02%
	ROKU	C	0.02%
	CLF	D	0.02%
	LSCC	D	0.02%
	BSY	D	0.02%
	EXAS	D	0.02%
	KNX	C	0.02%
	DINO	D	0.02%
	CELH	F	0.02%
	TOST	B	0.02%
	CNH	F	0.02%
	AFG	D	0.02%
	ERIE	C	0.02%
	CHK	D	0.02%
	CCK	F	0.02%
	CG	C	0.02%
	TTC	C	0.02%
	TWLO	D	0.02%
	WTRG	C	0.02%
	HEI	B	0.02%
	RPRX	F	0.02%
	CHRD	C	0.02%
	RIVN	C	0.02%
	U	F	0.01%
	PATH	D	0.01%
	WLK	D	0.01%
	UHAL	D	0.01%
	PCTY	F	0.01%
	CFLT	C	0.01%
	IOT	C	0.01%
	H	C	0.01%
	RGEN	F	0.01%
	ACI	F	0.01%
	SEIC	D	0.01%

PBUS Underweight 15 Positions Relative to SPY

	Symbol	Grade	Weight
	UAL	D	-0.03%
	RL	C	-0.02%
	GL	D	-0.02%
	FMC	F	-0.02%
	FRT	C	-0.02%
	AAL	F	-0.02%
	HAS	D	-0.02%
	BWA	F	-0.02%
	NCLH	C	-0.02%
	GNRC	C	-0.02%
	PNW	C	-0.02%
	TPR	C	-0.02%
	NWS	B	-0.01%
	MHK	D	-0.01%
	IVZ	D	-0.01%

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

SPY: 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