BBUS vs. INRO ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Equity ETF (BBUS) to BlackRock U.S. Industry Rotation ETF (INRO)

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$107.37

Average Daily Volume

120,407

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.19

Average Daily Volume

3,682

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	BBUS	INRO
30 Days	2.53%	3.09%
60 Days	6.23%	7.53%
90 Days	7.71%	8.17%
12 Months	34.23%

388 Overlapping Holdings

	Symbol	Grade	Weight in BBUS	Weight in INRO	Overlap
	A	F	0.07%	0.05%	0.05%
	AAPL	C	6.16%	5.57%	5.57%
	ABBV	F	0.58%	0.4%	0.4%
	ACGL	C	0.07%	0.06%	0.06%
	ACI	C	0.01%	0.01%	0.01%
	ACN	B	0.43%	0.07%	0.07%
	ADBE	C	0.45%	0.32%	0.32%
	ADI	D	0.21%	0.23%	0.21%
	ADP	A	0.24%	0.29%	0.24%
	ADSK	B	0.13%	0.1%	0.1%
	AEP	D	0.09%	0.31%	0.09%
	AES	F	0.02%	0.03%	0.02%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.11%	0.09%	0.09%
	AIG	B	0.09%	0.08%	0.08%
	AJG	A	0.12%	0.09%	0.09%
	ALL	B	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.09%	0.02%
	ALNY	D	0.06%	0.05%	0.05%
	AMAT	F	0.3%	0.32%	0.3%
	AMCR	D	0.03%	0.07%	0.03%
	AMD	F	0.44%	0.49%	0.44%
	AME	A	0.09%	0.14%	0.09%
	AMGN	F	0.31%	0.22%	0.22%
	AMP	A	0.11%	0.17%	0.11%
	AMT	F	0.17%	0.11%	0.11%
	AMZN	A	3.79%	1.46%	1.46%
	ANSS	B	0.06%	0.05%	0.05%
	AON	B	0.16%	0.11%	0.11%
	APA	F	0.02%	0.01%	0.01%
	APD	B	0.13%	0.01%	0.01%
	APH	B	0.16%	0.19%	0.16%
	APO	B	0.12%	0.01%	0.01%
	ARE	F	0.03%	0.04%	0.03%
	ARES	B	0.06%	0.11%	0.06%
	ATO	B	0.04%	0.05%	0.04%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	1.54%	1.64%	1.54%
	AVTR	F	0.03%	0.02%	0.02%
	AVY	F	0.03%	0.07%	0.03%
	AXON	B	0.08%	0.02%	0.02%
	AXP	B	0.31%	1.14%	0.31%
	AZO	B	0.1%	0.15%	0.1%
	BA	F	0.21%	0.04%	0.04%
	BAC	A	0.59%	0.79%	0.59%
	BAH	C	0.04%	0.06%	0.04%
	BALL	D	0.04%	0.08%	0.04%
	BBY	C	0.03%	0.05%	0.03%
	BEN	C	0.01%	0.03%	0.01%
	BIIB	F	0.05%	0.03%	0.03%
	BK	B	0.11%	0.11%	0.11%
	BKR	B	0.08%	0.07%	0.07%
	BLDR	C	0.04%	0.15%	0.04%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	B	0.23%	0.12%	0.12%
	BR	A	0.05%	0.07%	0.05%
	BRK.A	B	1.61%	0.06%	0.06%
	BRO	B	0.05%	0.04%	0.04%
	BSY	F	0.01%	0.02%	0.01%
	BURL	C	0.03%	0.05%	0.03%
	BX	A	0.25%	0.42%	0.25%
	BXP	D	0.02%	1.38%	0.02%
	C	B	0.25%	0.34%	0.25%
	CARR	C	0.12%	0.42%	0.12%
	CAT	B	0.37%	0.36%	0.36%
	CB	C	0.2%	0.16%	0.16%
	CBRE	B	0.08%	0.88%	0.08%
	CCI	F	0.08%	0.05%	0.05%
	CCK	D	0.02%	0.05%	0.02%
	CDNS	B	0.15%	0.12%	0.12%
	CDW	F	0.05%	0.06%	0.05%
	CEG	D	0.14%	0.45%	0.14%
	CFG	B	0.04%	0.05%	0.04%
	CG	B	0.02%	0.04%	0.02%
	CINF	A	0.04%	0.04%	0.04%
	CME	B	0.16%	0.26%	0.16%
	CMI	A	0.09%	0.09%	0.09%
	CNH	D	0.02%	0.02%	0.02%
	COF	B	0.14%	0.49%	0.14%
	COIN	B	0.12%	0.2%	0.12%
	COP	C	0.25%	0.23%	0.23%
	COST	B	0.79%	0.46%	0.46%
	CPRT	A	0.1%	0.21%	0.1%
	CPT	C	0.02%	0.0%	0.0%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.61%	0.47%	0.47%
	CRWD	B	0.15%	0.11%	0.11%
	CSGP	F	0.06%	0.65%	0.06%
	CSX	B	0.14%	0.26%	0.14%
	CTAS	B	0.15%	0.34%	0.15%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	A	0.08%	0.02%	0.02%
	CVX	A	0.5%	0.48%	0.48%
	DAL	A	0.08%	0.03%	0.03%
	DAY	B	0.02%	0.03%	0.02%
	DDOG	B	0.07%	0.05%	0.05%
	DE	D	0.19%	0.2%	0.19%
	DELL	C	0.07%	0.07%	0.07%
	DFS	B	0.09%	0.31%	0.09%
	DG	F	0.03%	0.01%	0.01%
	DHI	D	0.09%	0.33%	0.09%
	DHR	F	0.3%	0.2%	0.2%
	DLR	C	0.11%	0.07%	0.07%
	DLTR	F	0.02%	0.01%	0.01%
	DOC	C	0.03%	0.03%	0.03%
	DOCU	B	0.03%	0.02%	0.02%
	DOV	A	0.05%	0.06%	0.05%
	DT	C	0.03%	0.03%	0.03%
	DUK	D	0.17%	0.53%	0.17%
	DVN	F	0.05%	0.04%	0.04%
	EBAY	C	0.06%	0.02%	0.02%
	EFX	F	0.06%	0.08%	0.06%
	EG	D	0.03%	0.03%	0.03%
	EIX	C	0.06%	0.2%	0.06%
	EMR	A	0.14%	0.24%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	F	0.03%	0.03%	0.03%
	EOG	A	0.15%	0.14%	0.14%
	EPAM	B	0.03%	0.01%	0.01%
	EQIX	B	0.16%	0.1%	0.1%
	EQR	C	0.05%	0.01%	0.01%
	EQT	B	0.05%	0.04%	0.04%
	ES	D	0.04%	0.13%	0.04%
	ESS	C	0.04%	0.01%	0.01%
	ETN	B	0.28%	0.48%	0.28%
	ETR	B	0.06%	0.2%	0.06%
	EVRG	A	0.03%	0.1%	0.03%
	EXAS	F	0.02%	0.01%	0.01%
	EXC	C	0.07%	0.24%	0.07%
	EXPD	C	0.03%	0.0%	0.0%
	EXR	D	0.07%	0.04%	0.04%
	F	C	0.08%	0.06%	0.06%
	FANG	C	0.06%	0.06%	0.06%
	FAST	B	0.09%	0.41%	0.09%
	FCNCA	B	0.05%	0.05%	0.05%
	FCX	F	0.12%	0.11%	0.11%
	FDS	A	0.04%	0.07%	0.04%
	FDX	B	0.12%	0.02%	0.02%
	FE	D	0.04%	0.15%	0.04%
	FI	A	0.23%	0.01%	0.01%
	FICO	B	0.11%	0.08%	0.08%
	FIS	B	0.09%	0.01%	0.01%
	FITB	A	0.06%	0.08%	0.06%
	FNF	C	0.03%	0.0%	0.0%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.12%	0.09%	0.09%
	FTV	C	0.05%	0.05%	0.05%
	GD	C	0.15%	0.03%	0.03%
	GDDY	B	0.05%	0.01%	0.01%
	GE	D	0.38%	0.08%	0.08%
	GEN	B	0.03%	0.03%	0.03%
	GEV	B	0.17%	0.31%	0.17%
	GILD	B	0.23%	0.16%	0.16%
	GLW	B	0.07%	0.09%	0.07%
	GM	B	0.12%	0.09%	0.09%
	GOOG	C	1.83%	2.71%	1.83%
	GOOGL	C	2.04%	3.12%	2.04%
	GRMN	A	0.06%	0.22%	0.06%
	GS	B	0.37%	0.62%	0.37%
	GWW	B	0.1%	0.46%	0.1%
	HAL	C	0.05%	0.04%	0.04%
	HBAN	A	0.05%	0.07%	0.05%
	HD	B	0.77%	1.16%	0.77%
	HEI	A	0.03%	0.0%	0.0%
	HEI	A	0.02%	0.0%	0.0%
	HEI	A	0.02%	0.01%	0.01%
	HEI	A	0.03%	0.01%	0.01%
	HES	B	0.08%	0.07%	0.07%
	HIG	C	0.07%	0.05%	0.05%
	HII	F	0.02%	0.0%	0.0%
	HON	B	0.29%	1.56%	0.29%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.07%	0.06%	0.06%
	HUBB	C	0.05%	0.08%	0.05%
	HUBS	B	0.07%	0.05%	0.05%
	HWM	B	0.09%	0.02%	0.02%
	IBM	D	0.37%	0.06%	0.06%
	ICE	C	0.17%	0.29%	0.17%
	IEX	B	0.03%	0.03%	0.03%
	ILMN	C	0.04%	0.03%	0.03%
	INCY	B	0.03%	0.02%	0.02%
	INTC	C	0.2%	0.22%	0.2%
	INTU	A	0.38%	0.28%	0.28%
	INVH	D	0.04%	0.01%	0.01%
	IP	B	0.04%	0.09%	0.04%
	IQV	F	0.07%	0.05%	0.05%
	IR	A	0.08%	0.08%	0.08%
	IRM	D	0.06%	0.04%	0.04%
	IT	B	0.08%	0.02%	0.02%
	ITW	B	0.15%	0.15%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.06%	0.03%
	JCI	A	0.11%	0.4%	0.11%
	JNJ	D	0.7%	0.36%	0.36%
	JPM	A	1.31%	1.68%	1.31%
	KEY	B	0.03%	0.05%	0.03%
	KEYS	C	0.05%	0.06%	0.05%
	KKR	B	0.19%	0.31%	0.19%
	KLAC	F	0.17%	0.18%	0.17%
	KMI	B	0.1%	0.1%	0.1%
	KMX	B	0.02%	0.04%	0.02%
	KR	A	0.08%	0.05%	0.05%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.06%	0.05%
	LEN	D	0.0%	0.28%	0.0%
	LEN	D	0.08%	0.28%	0.08%
	LHX	B	0.09%	0.02%	0.02%
	LII	B	0.04%	0.14%	0.04%
	LIN	D	0.42%	0.02%	0.02%
	LLY	F	1.33%	0.64%	0.64%
	LMT	D	0.23%	0.05%	0.05%
	LNG	B	0.09%	0.09%	0.09%
	LNT	C	0.03%	0.1%	0.03%
	LOW	B	0.29%	0.45%	0.29%
	LPLA	A	0.05%	0.07%	0.05%
	LRCX	F	0.19%	0.21%	0.19%
	LUV	B	0.04%	0.01%	0.01%
	MA	B	0.83%	0.04%	0.04%
	MAA	C	0.04%	0.01%	0.01%
	MAS	D	0.03%	0.12%	0.03%
	MCHP	F	0.07%	0.08%	0.07%
	MCO	C	0.14%	0.26%	0.14%
	MDB	C	0.04%	0.01%	0.01%
	MELI	D	0.18%	0.07%	0.07%
	MET	C	0.09%	0.08%	0.08%
	META	B	2.46%	3.77%	2.46%
	MKL	A	0.04%	0.04%	0.04%
	MLM	B	0.07%	0.59%	0.07%
	MMC	D	0.21%	0.16%	0.16%
	MMM	C	0.14%	0.78%	0.14%
	MO	A	0.18%	0.39%	0.18%
	MPC	D	0.1%	0.1%	0.1%
	MPWR	F	0.06%	0.06%	0.06%
	MRK	F	0.48%	0.24%	0.24%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.03%	0.03%	0.03%
	MRVL	B	0.15%	0.17%	0.15%
	MS	A	0.32%	0.52%	0.32%
	MSCI	B	0.09%	0.15%	0.09%
	MSFT	C	6.03%	4.18%	4.18%
	MTB	A	0.07%	0.09%	0.07%
	MTD	F	0.05%	0.04%	0.04%
	MU	D	0.22%	0.25%	0.22%
	NBIX	C	0.02%	0.02%	0.02%
	NDAQ	B	0.06%	0.12%	0.06%
	NEE	D	0.29%	0.94%	0.29%
	NEM	F	0.09%	0.11%	0.09%
	NET	B	0.05%	0.01%	0.01%
	NOC	D	0.15%	0.03%	0.03%
	NOW	A	0.41%	0.3%	0.3%
	NRG	C	0.04%	0.12%	0.04%
	NSC	B	0.12%	0.23%	0.12%
	NTAP	D	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.08%	0.04%
	NUE	D	0.07%	0.01%	0.01%
	NVDA	A	6.74%	7.42%	6.74%
	NVR	D	0.05%	0.22%	0.05%
	NXPI	F	0.11%	0.12%	0.11%
	OC	A	0.03%	0.11%	0.03%
	ODFL	B	0.08%	0.17%	0.08%
	OKE	A	0.12%	0.11%	0.11%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.58%	0.44%	0.44%
	ORLY	A	0.14%	0.21%	0.14%
	OTIS	D	0.08%	0.08%	0.08%
	OXY	F	0.06%	0.06%	0.06%
	PANW	B	0.25%	0.18%	0.18%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	B	0.09%	0.11%	0.09%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.08%	0.26%	0.08%
	PFE	F	0.28%	0.14%	0.14%
	PFG	C	0.04%	0.04%	0.04%
	PGR	A	0.29%	0.23%	0.23%
	PH	A	0.17%	0.17%	0.17%
	PHM	D	0.05%	0.19%	0.05%
	PINS	F	0.04%	0.05%	0.04%
	PKG	B	0.04%	0.1%	0.04%
	PLTR	B	0.23%	0.17%	0.17%
	PM	B	0.37%	0.83%	0.37%
	PNC	B	0.16%	0.2%	0.16%
	PNR	A	0.03%	0.04%	0.03%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.07%	0.07%
	PSA	D	0.1%	0.07%	0.07%
	PSX	C	0.1%	0.1%	0.1%
	PTC	B	0.04%	0.04%	0.04%
	PWR	B	0.09%	0.37%	0.09%
	PYPL	A	0.17%	0.01%	0.01%
	QCOM	F	0.35%	0.39%	0.35%
	QRVO	F	0.01%	0.01%	0.01%
	REGN	F	0.17%	0.12%	0.12%
	RF	A	0.05%	0.07%	0.05%
	RJF	A	0.06%	0.11%	0.06%
	ROK	B	0.06%	0.1%	0.06%
	ROL	C	0.03%	0.06%	0.03%
	ROP	A	0.12%	0.09%	0.09%
	ROST	D	0.09%	0.14%	0.09%
	RPRX	F	0.02%	0.01%	0.01%
	RSG	B	0.08%	0.2%	0.08%
	RTX	D	0.31%	0.07%	0.07%
	RVTY	C	0.03%	0.02%	0.02%
	SBAC	D	0.05%	0.03%	0.03%
	SCHW	B	0.22%	0.37%	0.22%
	SHW	A	0.17%	0.01%	0.01%
	SLB	C	0.12%	0.09%	0.09%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNAP	C	0.02%	0.04%	0.02%
	SNOW	C	0.08%	0.01%	0.01%
	SNPS	C	0.16%	0.12%	0.12%
	SO	D	0.18%	0.59%	0.18%
	SPGI	C	0.3%	0.52%	0.3%
	SSNC	C	0.03%	0.03%	0.03%
	STLD	C	0.04%	0.01%	0.01%
	STT	B	0.05%	0.05%	0.05%
	STX	D	0.04%	0.04%	0.04%
	SUI	F	0.03%	0.01%	0.01%
	SW	B	0.05%	0.12%	0.05%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.18%	0.05%
	SYY	D	0.07%	0.04%	0.04%
	TDG	D	0.15%	0.03%	0.03%
	TDY	B	0.04%	0.05%	0.04%
	TEAM	B	0.07%	0.06%	0.06%
	TECH	D	0.02%	0.02%	0.02%
	TER	F	0.03%	0.03%	0.03%
	TFC	B	0.12%	0.15%	0.12%
	TGT	C	0.14%	0.08%	0.08%
	TJX	A	0.26%	0.38%	0.26%
	TMO	F	0.4%	0.26%	0.26%
	TMUS	A	0.22%	4.59%	0.22%
	TPL	B	0.05%	0.05%	0.05%
	TRGP	B	0.08%	0.07%	0.07%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	A	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.05%	0.04%
	TRV	B	0.11%	0.09%	0.09%
	TSCO	D	0.06%	0.09%	0.06%
	TSLA	B	1.75%	1.32%	1.32%
	TT	B	0.18%	0.65%	0.18%
	TWLO	B	0.03%	0.01%	0.01%
	TXN	B	0.37%	0.41%	0.37%
	TXT	D	0.03%	0.01%	0.01%
	TYL	B	0.05%	0.04%	0.04%
	UBER	F	0.28%	0.5%	0.28%
	ULTA	C	0.03%	0.05%	0.03%
	UNH	B	1.08%	0.01%	0.01%
	UNP	D	0.28%	0.55%	0.28%
	UPS	C	0.18%	0.03%	0.03%
	URI	B	0.11%	0.5%	0.11%
	USB	B	0.15%	0.2%	0.15%
	V	A	0.99%	0.04%	0.04%
	VICI	D	0.06%	0.05%	0.05%
	VLO	C	0.08%	0.08%	0.08%
	VLTO	D	0.05%	0.11%	0.05%
	VMC	B	0.07%	0.61%	0.07%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	C	0.03%	0.01%	0.01%
	VRT	B	0.09%	0.14%	0.09%
	VRTX	B	0.24%	0.17%	0.17%
	VST	B	0.09%	0.17%	0.09%
	VTR	C	0.05%	0.06%	0.05%
	VTRS	B	0.03%	0.01%	0.01%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.04%	0.03%	0.03%
	WBA	D	0.01%	0.01%	0.01%
	WDAY	B	0.11%	0.08%	0.08%
	WDC	D	0.04%	0.04%	0.04%
	WELL	B	0.16%	0.18%	0.16%
	WFC	A	0.47%	0.62%	0.47%
	WM	A	0.16%	0.37%	0.16%
	WMB	B	0.13%	0.12%	0.12%
	WMT	A	0.71%	0.41%	0.41%
	WRB	B	0.04%	0.03%	0.03%
	WSO	B	0.04%	0.16%	0.04%
	WST	B	0.05%	0.03%	0.03%
	WTW	A	0.06%	0.05%	0.05%
	WY	F	0.04%	0.03%	0.03%
	XEL	A	0.07%	0.23%	0.07%
	XOM	B	1.02%	0.95%	0.95%
	XYL	F	0.06%	0.06%	0.06%
	Z	B	0.02%	0.25%	0.02%
	ZBRA	B	0.04%	0.04%	0.04%
	ZM	B	0.04%	0.04%	0.04%
	ZS	B	0.04%	0.03%	0.03%
	ZTS	D	0.15%	0.08%	0.08%

BBUS Overweight 157 Positions Relative to INRO

	Symbol	Grade	Weight
	PG	C	0.75%
	NFLX	A	0.67%
	KO	F	0.47%
	CSCO	A	0.45%
	PEP	D	0.43%
	MCD	C	0.41%
	ABT	C	0.39%
	ISRG	A	0.36%
	DIS	B	0.35%
	VZ	D	0.33%
	CMCSA	B	0.33%
	BKNG	A	0.32%
	T	A	0.3%
	SYK	A	0.27%
	BSX	A	0.25%
	SBUX	B	0.22%
	MDT	D	0.22%
	PLD	D	0.2%
	ANET	C	0.19%
	CI	D	0.18%
	ELV	F	0.18%
	MDLZ	F	0.17%
	NKE	F	0.17%
	CMG	B	0.16%
	MSI	B	0.16%
	MCK	B	0.15%
	CL	F	0.14%
	HCA	D	0.13%
	MAR	A	0.13%
	BDX	F	0.13%
	CVS	F	0.13%
	HLT	A	0.12%
	ECL	C	0.12%
	RCL	A	0.11%
	ABNB	C	0.11%
	SRE	B	0.11%
	TTD	B	0.11%
	O	D	0.1%
	DASH	A	0.1%
	SPG	A	0.1%
	KMB	D	0.09%
	D	D	0.09%
	SQ	B	0.09%
	MNST	B	0.08%
	EW	F	0.08%
	EA	A	0.08%
	CTVA	C	0.08%
	KVUE	A	0.08%
	COR	B	0.08%
	PEG	C	0.08%
	DD	D	0.07%
	VEEV	B	0.07%
	IDXX	F	0.07%
	LULU	B	0.07%
	GIS	F	0.07%
	KDP	C	0.07%
	RMD	C	0.07%
	YUM	B	0.07%
	CHTR	B	0.07%
	STZ	D	0.07%
	PPG	F	0.06%
	UAL	A	0.06%
	CPNG	B	0.06%
	TTWO	A	0.06%
	GPN	B	0.06%
	DXCM	C	0.06%
	CAH	B	0.06%
	CNC	F	0.06%
	WEC	B	0.06%
	DOW	F	0.06%
	GEHC	D	0.06%
	ED	D	0.06%
	HUM	D	0.06%
	AEE	B	0.05%
	ADM	F	0.05%
	CCL	B	0.05%
	DTE	D	0.05%
	AWK	D	0.05%
	CPAY	A	0.05%
	CHD	A	0.05%
	HSY	F	0.05%
	DECK	B	0.05%
	KHC	F	0.05%
	RBLX	B	0.05%
	MOH	F	0.04%
	HOLX	D	0.04%
	PODD	B	0.04%
	LYV	A	0.04%
	MKC	D	0.04%
	CNP	B	0.04%
	LVS	C	0.04%
	DRI	B	0.04%
	OMC	A	0.04%
	CMS	D	0.04%
	CLX	A	0.04%
	WBD	B	0.04%
	LH	B	0.04%
	K	A	0.04%
	LYB	F	0.04%
	STE	D	0.04%
	ZBH	C	0.04%
	IFF	F	0.04%
	EXPE	B	0.04%
	ELS	B	0.03%
	CAG	F	0.03%
	UDR	C	0.03%
	POOL	D	0.03%
	APTV	F	0.03%
	AKAM	F	0.03%
	FFIV	B	0.03%
	EL	F	0.03%
	EQH	B	0.03%
	EWBC	B	0.03%
	RGA	A	0.03%
	CF	B	0.03%
	DPZ	C	0.03%
	FLEX	B	0.03%
	NI	A	0.03%
	ALGN	D	0.03%
	KIM	A	0.03%
	BAX	F	0.03%
	GPC	D	0.03%
	TSN	B	0.03%
	DGX	B	0.03%
	WYNN	C	0.02%
	CE	F	0.02%
	MOS	D	0.02%
	HRL	F	0.02%
	CPB	F	0.02%
	MGM	D	0.02%
	SCCO	F	0.02%
	TFX	F	0.02%
	LKQ	C	0.02%
	TAP	B	0.02%
	FOXA	A	0.02%
	IPG	F	0.02%
	NWSA	B	0.02%
	LW	B	0.02%
	SJM	F	0.02%
	EMN	D	0.02%
	WPC	F	0.02%
	ALB	C	0.02%
	UHS	D	0.02%
	REG	A	0.02%
	BG	D	0.02%
	JNPR	D	0.02%
	HST	D	0.02%
	OKTA	C	0.02%
	JKHY	C	0.02%
	NWS	B	0.01%
	ZG	B	0.01%
	WLK	F	0.01%
	U	F	0.01%
	FOX	A	0.01%
	SIRI	C	0.01%
	CRBG	C	0.01%
	AGR	C	0.0%

BBUS Underweight 38 Positions Relative to INRO

	Symbol	Grade	Weight
	WCN	A	-0.2%
	EME	B	-0.19%
	CSL	B	-0.15%
	ACM	B	-0.11%
	MSTR	B	-0.08%
	APP	B	-0.08%
	FBIN	F	-0.07%
	AOS	F	-0.06%
	WSM	F	-0.05%
	HOOD	B	-0.05%
	TW	B	-0.05%
	KNX	C	-0.04%
	CBOE	D	-0.04%
	MANH	C	-0.03%
	PSTG	D	-0.03%
	NDSN	B	-0.03%
	GGG	B	-0.03%
	DKS	D	-0.03%
	MKTX	C	-0.03%
	JBL	C	-0.03%
	SEIC	A	-0.02%
	TTC	F	-0.02%
	AIZ	A	-0.02%
	ERIE	F	-0.02%
	IOT	B	-0.02%
	ALLY	C	-0.02%
	BBWI	C	-0.02%
	UHAL	D	-0.02%
	OVV	C	-0.02%
	UTHR	B	-0.02%
	MTCH	F	-0.02%
	GLPI	D	-0.02%
	RS	C	-0.01%
	CTLT	D	-0.01%
	BIO	C	-0.01%
	RIVN	F	-0.01%
	DINO	D	-0.01%
	CHRD	D	-0.01%

BBUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Diagnostics & Research Semiconductors Asset Management Aerospace & Defense Banks - Regional - US Oil & Gas E&P Biotechnology Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods REIT - Residential Software - Infrastructure Specialty Chemicals Specialty Retail Medical Devices

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Bank Chemical Aerospace Medicine Real Estate Investment Trust Telecommunications Banking Cloud Computing Mobile Devices Semiconductor Mining Insurance Products

INRO: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Semiconductors Asset Management Business Services Oil & Gas E&P Capital Markets Diagnostics & Research Utilities - Regulated Electric Aerospace & Defense Banks - Regional - US Biotechnology Specialty Retail Drug Manufacturers - Major Insurance - Property & Casualty Software - Infrastructure Internet Content & Information Credit Services Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electronics Aerospace Dow Jones Component Electricity Bank Semiconductor Banking Chemical Cloud Computing Insurance Products Mining Petroleum Industry Investment Bank Real Estate Investment Trust Telecommunications