BBUS vs. QVML ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Equity ETF (BBUS) to Invesco S&P 500 QVM Multi-factor ETF (QVML)

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

$103.20

Average Daily Volume

146,502

Number of Holdings ^*

539

* may have additional holdings in another (foreign) market

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.29

Average Daily Volume

1,103

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	BBUS	QVML
30 Days	0.37%	0.40%
60 Days	2.37%	2.27%
90 Days	3.16%	2.58%
12 Months	28.34%	29.43%

419 Overlapping Holdings

	Symbol	Grade	Weight in BBUS	Weight in QVML	Overlap
	A	C	0.08%	0.09%	0.08%
	AAPL	D	6.63%	6.84%	6.63%
	ABBV	C	0.73%	0.78%	0.73%
	ABNB	D	0.1%	0.12%	0.1%
	ABT	C	0.42%	0.47%	0.42%
	ACGL	B	0.09%	0.1%	0.09%
	ACN	C	0.46%	0.51%	0.46%
	ADBE	D	0.54%	0.6%	0.54%
	ADI	D	0.23%	0.25%	0.23%
	ADM	D	0.06%	0.08%	0.06%
	ADP	B	0.24%	0.27%	0.24%
	ADSK	B	0.11%	0.12%	0.11%
	AEE	B	0.05%	0.05%	0.05%
	AEP	B	0.11%	0.13%	0.11%
	AFL	B	0.12%	0.14%	0.12%
	AIG	D	0.1%	0.13%	0.1%
	AJG	C	0.14%	0.15%	0.14%
	AKAM	D	0.03%	0.04%	0.03%
	ALB	F	0.02%	0.03%	0.02%
	ALGN	D	0.04%	0.04%	0.04%
	ALL	A	0.1%	0.12%	0.1%
	ALLE	B	0.02%	0.03%	0.02%
	AMAT	D	0.31%	0.32%	0.31%
	AMCR	C	0.03%	0.04%	0.03%
	AMD	F	0.48%	0.59%	0.48%
	AME	C	0.08%	0.09%	0.08%
	AMP	B	0.09%	0.1%	0.09%
	AMZN	C	3.52%	3.79%	3.52%
	ANET	B	0.17%	0.2%	0.17%
	ANSS	F	0.06%	0.06%	0.06%
	APA	F	0.02%	0.02%	0.02%
	APH	D	0.15%	0.17%	0.15%
	APTV	D	0.03%	0.05%	0.03%
	ARE	B	0.04%	0.05%	0.04%
	ATO	B	0.04%	0.05%	0.04%
	AVB	B	0.07%	0.08%	0.07%
	AVGO	C	1.41%	1.51%	1.41%
	AVY	D	0.04%	0.04%	0.04%
	AXON	B	0.05%	0.06%	0.05%
	AXP	B	0.29%	0.37%	0.29%
	BAC	D	0.56%	0.63%	0.56%
	BALL	C	0.04%	0.05%	0.04%
	BAX	C	0.04%	0.05%	0.04%
	BBY	B	0.04%	0.04%	0.04%
	BDX	F	0.14%	0.16%	0.14%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.03%	0.03%
	BK	A	0.11%	0.12%	0.11%
	BKNG	B	0.27%	0.31%	0.27%
	BKR	D	0.07%	0.08%	0.07%
	BLDR	C	0.04%	0.05%	0.04%
	BLK	A	0.27%	0.29%	0.27%
	BR	D	0.05%	0.06%	0.05%
	BRK.A	C	1.72%	1.95%	1.72%
	BRO	C	0.05%	0.06%	0.05%
	BSX	B	0.25%	0.28%	0.25%
	BX	B	0.21%	0.24%	0.21%
	BXP	B	0.02%	0.03%	0.02%
	C	D	0.23%	0.27%	0.23%
	CAG	B	0.03%	0.04%	0.03%
	CAH	C	0.06%	0.06%	0.06%
	CARR	B	0.13%	0.14%	0.13%
	CAT	C	0.34%	0.42%	0.34%
	CB	B	0.25%	0.28%	0.25%
	CBRE	A	0.07%	0.08%	0.07%
	CCL	C	0.03%	0.04%	0.03%
	CDNS	D	0.14%	0.16%	0.14%
	CDW	D	0.06%	0.07%	0.06%
	CE	D	0.03%	0.03%	0.03%
	CEG	C	0.12%	0.14%	0.12%
	CF	B	0.03%	0.04%	0.03%
	CFG	D	0.04%	0.04%	0.04%
	CHD	C	0.05%	0.06%	0.05%
	CHTR	D	0.07%	0.08%	0.07%
	CI	C	0.21%	0.25%	0.21%
	CINF	B	0.04%	0.05%	0.04%
	CL	C	0.18%	0.2%	0.18%
	CLX	C	0.04%	0.05%	0.04%
	CMCSA	D	0.32%	0.39%	0.32%
	CME	C	0.16%	0.19%	0.16%
	CMG	C	0.15%	0.18%	0.15%
	CMI	C	0.08%	0.1%	0.08%
	CMS	A	0.04%	0.05%	0.04%
	CNC	C	0.08%	0.1%	0.08%
	CNP	C	0.04%	0.04%	0.04%
	COF	C	0.11%	0.12%	0.11%
	COP	D	0.25%	0.29%	0.25%
	COST	C	0.83%	0.91%	0.83%
	CPAY	B	0.04%	0.06%	0.04%
	CPB	B	0.02%	0.03%	0.02%
	CPRT	D	0.09%	0.1%	0.09%
	CPT	B	0.03%	0.03%	0.03%
	CRL	D	0.02%	0.02%	0.02%
	CRM	D	0.48%	0.57%	0.48%
	CSCO	B	0.41%	0.48%	0.41%
	CSGP	D	0.07%	0.07%	0.07%
	CSX	D	0.14%	0.16%	0.14%
	CTAS	C	0.15%	0.16%	0.15%
	CTRA	F	0.04%	0.04%	0.04%
	CTSH	C	0.08%	0.09%	0.08%
	CTVA	B	0.08%	0.1%	0.08%
	CVS	D	0.15%	0.17%	0.15%
	CVX	D	0.5%	0.6%	0.5%
	D	C	0.1%	0.12%	0.1%
	DAL	C	0.06%	0.07%	0.06%
	DAY	D	0.02%	0.02%	0.02%
	DD	B	0.07%	0.08%	0.07%
	DE	B	0.2%	0.24%	0.2%
	DECK	C	0.05%	0.06%	0.05%
	DFS	C	0.07%	0.08%	0.07%
	DG	F	0.04%	0.05%	0.04%
	DGX	B	0.04%	0.04%	0.04%
	DHI	B	0.12%	0.14%	0.12%
	DHR	B	0.39%	0.41%	0.39%
	DIS	D	0.34%	0.4%	0.34%
	DLR	B	0.11%	0.12%	0.11%
	DLTR	F	0.03%	0.04%	0.03%
	DOC	C	0.03%	0.04%	0.03%
	DOV	B	0.05%	0.06%	0.05%
	DOW	D	0.07%	0.08%	0.07%
	DPZ	F	0.03%	0.03%	0.03%
	DRI	C	0.04%	0.04%	0.04%
	DTE	B	0.05%	0.06%	0.05%
	DUK	C	0.19%	0.21%	0.19%
	DVN	F	0.05%	0.06%	0.05%
	EA	D	0.07%	0.08%	0.07%
	EBAY	B	0.06%	0.08%	0.06%
	ECL	B	0.13%	0.14%	0.13%
	ED	C	0.08%	0.09%	0.08%
	EFX	C	0.08%	0.08%	0.08%
	EG	B	0.03%	0.04%	0.03%
	EIX	C	0.07%	0.08%	0.07%
	ELV	C	0.26%	0.3%	0.26%
	EMN	B	0.02%	0.03%	0.02%
	EMR	D	0.12%	0.14%	0.12%
	EOG	D	0.14%	0.17%	0.14%
	EPAM	D	0.02%	0.03%	0.02%
	EQR	B	0.06%	0.06%	0.06%
	EQT	D	0.04%	0.03%	0.03%
	ES	C	0.05%	0.06%	0.05%
	ESS	B	0.04%	0.05%	0.04%
	ETN	C	0.24%	0.29%	0.24%
	ETR	A	0.05%	0.06%	0.05%
	EVRG	A	0.03%	0.03%	0.03%
	EW	F	0.08%	0.1%	0.08%
	EXC	B	0.08%	0.1%	0.08%
	EXPD	B	0.04%	0.04%	0.04%
	EXPE	C	0.03%	0.04%	0.03%
	EXR	B	0.08%	0.09%	0.08%
	F	D	0.08%	0.1%	0.08%
	FANG	D	0.06%	0.08%	0.06%
	FAST	C	0.08%	0.1%	0.08%
	FCX	D	0.12%	0.15%	0.12%
	FDS	C	0.03%	0.04%	0.03%
	FDX	C	0.13%	0.16%	0.13%
	FE	C	0.05%	0.06%	0.05%
	FFIV	A	0.02%	0.03%	0.02%
	FITB	B	0.06%	0.07%	0.06%
	FOXA	B	0.02%	0.04%	0.02%
	FSLR	C	0.04%	0.05%	0.04%
	FTV	C	0.05%	0.06%	0.05%
	GD	B	0.14%	0.16%	0.14%
	GE	B	0.38%	0.44%	0.38%
	GEHC	C	0.07%	0.09%	0.07%
	GEV	B	0.12%	0.14%	0.12%
	GIS	B	0.09%	0.1%	0.09%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.11%	0.11%	0.11%
	GOOG	D	1.64%	3.81%	1.64%
	GPC	D	0.04%	0.04%	0.04%
	GPN	D	0.06%	0.07%	0.06%
	GRMN	D	0.06%	0.07%	0.06%
	GS	D	0.32%	0.37%	0.32%
	GWW	B	0.09%	0.1%	0.09%
	HAL	F	0.05%	0.06%	0.05%
	HBAN	B	0.04%	0.05%	0.04%
	HCA	B	0.16%	0.18%	0.16%
	HD	B	0.77%	0.85%	0.77%
	HES	D	0.07%	0.09%	0.07%
	HIG	A	0.07%	0.08%	0.07%
	HII	C	0.02%	0.02%	0.02%
	HOLX	B	0.04%	0.05%	0.04%
	HON	D	0.27%	0.31%	0.27%
	HPE	D	0.04%	0.04%	0.04%
	HPQ	D	0.07%	0.07%	0.07%
	HRL	C	0.02%	0.02%	0.02%
	HST	D	0.02%	0.03%	0.02%
	HSY	C	0.06%	0.07%	0.06%
	HUBB	B	0.04%	0.05%	0.04%
	HUM	F	0.09%	0.1%	0.09%
	HWM	B	0.08%	0.09%	0.08%
	IBM	B	0.39%	0.45%	0.39%
	ICE	B	0.19%	0.21%	0.19%
	IDXX	C	0.08%	0.09%	0.08%
	IEX	D	0.03%	0.04%	0.03%
	IFF	B	0.05%	0.06%	0.05%
	INCY	C	0.02%	0.03%	0.02%
	INTC	F	0.17%	0.19%	0.17%
	INTU	D	0.37%	0.41%	0.37%
	INVH	C	0.04%	0.05%	0.04%
	IP	B	0.03%	0.04%	0.03%
	IPG	C	0.02%	0.03%	0.02%
	IQV	C	0.09%	0.1%	0.09%
	IR	C	0.07%	0.09%	0.07%
	IRM	B	0.07%	0.07%	0.07%
	ISRG	C	0.36%	0.38%	0.36%
	IT	B	0.08%	0.09%	0.08%
	ITW	B	0.15%	0.16%	0.15%
	J	D	0.04%	0.04%	0.04%
	JBHT	D	0.03%	0.03%	0.03%
	JCI	B	0.1%	0.11%	0.1%
	JKHY	B	0.03%	0.03%	0.03%
	JNJ	B	0.84%	0.94%	0.84%
	JNPR	A	0.03%	0.03%	0.03%
	JPM	D	1.23%	1.48%	1.23%
	K	A	0.04%	0.05%	0.04%
	KDP	A	0.08%	0.09%	0.08%
	KEY	B	0.03%	0.04%	0.03%
	KEYS	C	0.05%	0.06%	0.05%
	KHC	C	0.07%	0.07%	0.07%
	KIM	B	0.03%	0.04%	0.03%
	KLAC	D	0.2%	0.21%	0.2%
	KMB	D	0.1%	0.11%	0.1%
	KMI	A	0.09%	0.09%	0.09%
	KMX	D	0.03%	0.03%	0.03%
	KO	B	0.58%	0.65%	0.58%
	KR	B	0.07%	0.09%	0.07%
	KVUE	B	0.08%	0.11%	0.08%
	L	B	0.03%	0.03%	0.03%
	LDOS	C	0.04%	0.05%	0.04%
	LEN	B	0.0%	0.11%	0.0%
	LEN	B	0.09%	0.11%	0.09%
	LHX	D	0.09%	0.1%	0.09%
	LIN	B	0.46%	0.53%	0.46%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	C	1.59%	1.65%	1.59%
	LMT	C	0.25%	0.29%	0.25%
	LNT	A	0.03%	0.04%	0.03%
	LOW	B	0.3%	0.34%	0.3%
	LRCX	F	0.2%	0.21%	0.2%
	LULU	D	0.06%	0.07%	0.06%
	LUV	C	0.04%	0.04%	0.04%
	LVS	D	0.03%	0.03%	0.03%
	LW	D	0.02%	0.02%	0.02%
	LYB	F	0.05%	0.06%	0.05%
	LYV	B	0.03%	0.03%	0.03%
	MA	B	0.84%	0.96%	0.84%
	MAA	B	0.04%	0.04%	0.04%
	MAR	C	0.11%	0.13%	0.11%
	MAS	B	0.04%	0.04%	0.04%
	MCHP	D	0.08%	0.1%	0.08%
	MCK	F	0.14%	0.15%	0.14%
	MCO	A	0.16%	0.17%	0.16%
	MDLZ	B	0.21%	0.24%	0.21%
	MDT	C	0.25%	0.28%	0.25%
	MET	A	0.09%	0.11%	0.09%
	META	A	2.31%	2.49%	2.31%
	MGM	D	0.02%	0.02%	0.02%
	MKC	B	0.04%	0.05%	0.04%
	MLM	D	0.07%	0.08%	0.07%
	MMC	C	0.24%	0.26%	0.24%
	MNST	C	0.08%	0.09%	0.08%
	MO	C	0.19%	0.22%	0.19%
	MOH	C	0.04%	0.05%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.12%	0.15%	0.12%
	MPWR	C	0.08%	0.09%	0.08%
	MRK	D	0.61%	0.66%	0.61%
	MRNA	F	0.06%	0.05%	0.05%
	MRO	D	0.03%	0.04%	0.03%
	MS	D	0.25%	0.29%	0.25%
	MSFT	C	6.43%	7.0%	6.43%
	MSI	C	0.15%	0.17%	0.15%
	MTB	B	0.06%	0.07%	0.06%
	MU	F	0.2%	0.2%	0.2%
	NDAQ	B	0.06%	0.06%	0.06%
	NEE	B	0.35%	0.44%	0.35%
	NFLX	B	0.61%	0.69%	0.61%
	NI	B	0.03%	0.03%	0.03%
	NKE	D	0.19%	0.23%	0.19%
	NOC	B	0.16%	0.18%	0.16%
	NOW	A	0.37%	0.39%	0.37%
	NRG	C	0.03%	0.04%	0.03%
	NSC	C	0.12%	0.14%	0.12%
	NTAP	D	0.05%	0.05%	0.05%
	NTRS	B	0.04%	0.04%	0.04%
	NUE	F	0.07%	0.09%	0.07%
	NVDA	D	5.37%	6.04%	5.37%
	NVR	B	0.05%	0.07%	0.05%
	NWSA	D	0.02%	0.03%	0.02%
	NXPI	D	0.12%	0.13%	0.12%
	O	B	0.11%	0.13%	0.11%
	ODFL	C	0.08%	0.08%	0.08%
	OKE	B	0.11%	0.12%	0.11%
	OMC	A	0.04%	0.05%	0.04%
	ON	D	0.06%	0.07%	0.06%
	ORCL	B	0.52%	0.5%	0.5%
	OXY	F	0.07%	0.08%	0.07%
	PANW	D	0.23%	0.24%	0.23%
	PAYC	D	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.1%	0.09%
	PCAR	D	0.1%	0.12%	0.1%
	PCG	C	0.08%	0.1%	0.08%
	PEG	B	0.08%	0.1%	0.08%
	PEP	C	0.51%	0.6%	0.51%
	PFG	B	0.04%	0.04%	0.04%
	PG	C	0.88%	0.95%	0.88%
	PGR	A	0.3%	0.36%	0.3%
	PH	B	0.16%	0.18%	0.16%
	PHM	B	0.06%	0.07%	0.06%
	PKG	B	0.04%	0.04%	0.04%
	PLD	C	0.26%	0.28%	0.26%
	PNC	B	0.15%	0.17%	0.15%
	PNR	B	0.03%	0.03%	0.03%
	POOL	C	0.03%	0.03%	0.03%
	PPG	C	0.06%	0.07%	0.06%
	PPL	C	0.05%	0.06%	0.05%
	PRU	C	0.09%	0.1%	0.09%
	PSA	B	0.12%	0.13%	0.12%
	PSX	D	0.11%	0.13%	0.11%
	PTC	D	0.04%	0.05%	0.04%
	PWR	B	0.08%	0.09%	0.08%
	PYPL	B	0.15%	0.18%	0.15%
	QCOM	D	0.38%	0.41%	0.38%
	QRVO	F	0.02%	0.02%	0.02%
	RCL	B	0.08%	0.09%	0.08%
	REG	C	0.03%	0.03%	0.03%
	REGN	C	0.25%	0.27%	0.25%
	RF	B	0.04%	0.05%	0.04%
	RJF	C	0.05%	0.05%	0.05%
	ROK	D	0.06%	0.07%	0.06%
	ROL	C	0.03%	0.03%	0.03%
	ROP	C	0.12%	0.13%	0.12%
	ROST	C	0.1%	0.12%	0.1%
	RSG	D	0.09%	0.1%	0.09%
	RTX	C	0.33%	0.38%	0.33%
	SCHW	D	0.19%	0.21%	0.19%
	SHW	B	0.18%	0.21%	0.18%
	SJM	C	0.03%	0.03%	0.03%
	SLB	F	0.12%	0.14%	0.12%
	SMCI	F	0.04%	0.05%	0.04%
	SNA	B	0.03%	0.03%	0.03%
	SNPS	D	0.15%	0.17%	0.15%
	SO	B	0.2%	0.23%	0.2%
	SPG	B	0.11%	0.12%	0.11%
	SPGI	B	0.34%	0.38%	0.34%
	SRE	B	0.11%	0.12%	0.11%
	STE	C	0.05%	0.06%	0.05%
	STLD	D	0.03%	0.04%	0.03%
	STT	A	0.05%	0.06%	0.05%
	STZ	C	0.08%	0.09%	0.08%
	SW	B	0.04%	0.03%	0.03%
	SWK	B	0.03%	0.04%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	C	0.04%	0.04%	0.04%
	SYK	C	0.27%	0.29%	0.27%
	SYY	D	0.08%	0.09%	0.08%
	T	B	0.32%	0.37%	0.32%
	TAP	C	0.02%	0.02%	0.02%
	TDY	C	0.04%	0.05%	0.04%
	TEL	D	0.09%	0.11%	0.09%
	TER	D	0.04%	0.04%	0.04%
	TFC	D	0.12%	0.13%	0.12%
	TFX	C	0.02%	0.03%	0.02%
	TGT	C	0.14%	0.17%	0.14%
	TJX	C	0.28%	0.3%	0.28%
	TMO	C	0.5%	0.55%	0.5%
	TMUS	C	0.16%	0.25%	0.16%
	TRGP	B	0.07%	0.07%	0.07%
	TRMB	C	0.03%	0.03%	0.03%
	TROW	D	0.05%	0.05%	0.05%
	TRV	B	0.11%	0.13%	0.11%
	TSCO	C	0.06%	0.07%	0.06%
	TSN	C	0.04%	0.04%	0.04%
	TT	B	0.16%	0.19%	0.16%
	TXN	C	0.38%	0.41%	0.38%
	TXT	D	0.03%	0.04%	0.03%
	TYL	C	0.05%	0.06%	0.05%
	UAL	B	0.03%	0.04%	0.03%
	UBER	C	0.29%	0.29%	0.29%
	UDR	B	0.03%	0.03%	0.03%
	UHS	B	0.03%	0.03%	0.03%
	ULTA	D	0.04%	0.04%	0.04%
	UNH	C	1.15%	1.28%	1.15%
	UNP	B	0.32%	0.37%	0.32%
	UPS	D	0.2%	0.22%	0.2%
	URI	B	0.1%	0.12%	0.1%
	USB	B	0.15%	0.17%	0.15%
	V	B	0.94%	1.07%	0.94%
	VICI	C	0.07%	0.08%	0.07%
	VLO	D	0.09%	0.11%	0.09%
	VLTO	C	0.05%	0.06%	0.05%
	VMC	D	0.06%	0.08%	0.06%
	VRSK	D	0.08%	0.09%	0.08%
	VRTX	D	0.25%	0.28%	0.25%
	VST	C	0.05%	0.07%	0.05%
	VTR	C	0.05%	0.06%	0.05%
	VTRS	C	0.03%	0.03%	0.03%
	VZ	B	0.38%	0.45%	0.38%
	WAB	A	0.06%	0.07%	0.06%
	WBA	F	0.01%	0.02%	0.01%
	WBD	D	0.03%	0.04%	0.03%
	WDC	D	0.04%	0.05%	0.04%
	WEC	B	0.06%	0.07%	0.06%
	WELL	B	0.16%	0.17%	0.16%
	WFC	D	0.39%	0.45%	0.39%
	WM	D	0.16%	0.19%	0.16%
	WMB	B	0.11%	0.13%	0.11%
	WMT	B	0.71%	0.79%	0.71%
	WRB	C	0.04%	0.04%	0.04%
	WST	D	0.05%	0.05%	0.05%
	WTW	B	0.06%	0.07%	0.06%
	WY	C	0.05%	0.05%	0.05%
	XEL	A	0.07%	0.08%	0.07%
	XOM	D	1.04%	1.24%	1.04%
	XYL	D	0.07%	0.08%	0.07%
	ZBH	F	0.05%	0.06%	0.05%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	B	0.18%	0.2%	0.18%

BBUS Overweight 120 Positions Relative to QVML

	Symbol	Grade	Weight
	GOOGL	D	1.82%
	TSLA	C	1.31%
	MCD	C	0.44%
	PM	C	0.41%
	AMGN	B	0.37%
	PFE	C	0.35%
	AMT	C	0.24%
	SBUX	C	0.22%
	MELI	B	0.21%
	BMY	C	0.21%
	GILD	B	0.21%
	BA	F	0.2%
	EQIX	B	0.17%
	AON	B	0.16%
	KKR	B	0.16%
	MMM	B	0.15%
	TDG	B	0.15%
	ORLY	B	0.14%
	PLTR	B	0.14%
	APD	B	0.13%
	MRVL	C	0.13%
	CRWD	F	0.12%
	NEM	B	0.12%
	HLT	B	0.11%
	CCI	B	0.11%
	WDAY	D	0.11%
	AZO	D	0.11%
	FIS	B	0.1%
	FTNT	C	0.1%
	APO	C	0.09%
	FICO	A	0.09%
	TTD	B	0.09%
	MSCI	C	0.09%
	SNOW	F	0.08%
	RMD	C	0.08%
	YUM	D	0.08%
	OTIS	D	0.08%
	DASH	C	0.08%
	LNG	D	0.08%
	COIN	F	0.07%
	DDOG	D	0.07%
	ALNY	B	0.07%
	VEEV	C	0.07%
	SQ	D	0.07%
	DXCM	F	0.06%
	VRT	C	0.06%
	CPNG	B	0.06%
	DELL	D	0.06%
	AWK	A	0.06%
	BIIB	F	0.06%
	MTD	D	0.06%
	FCNCA	D	0.05%
	NET	F	0.05%
	RBLX	B	0.05%
	TTWO	D	0.05%
	HUBS	D	0.05%
	TEAM	F	0.05%
	ARES	B	0.05%
	SBAC	C	0.05%
	BURL	B	0.04%
	PINS	F	0.04%
	SUI	B	0.04%
	LII	B	0.04%
	AVTR	B	0.04%
	TRU	B	0.04%
	MKL	C	0.04%
	WAT	C	0.04%
	BAH	B	0.04%
	ILMN	C	0.04%
	EL	F	0.04%
	GDDY	C	0.04%
	STX	D	0.04%
	MDB	D	0.04%
	WPC	B	0.03%
	ELS	C	0.03%
	OC	C	0.03%
	RGA	B	0.03%
	DT	C	0.03%
	ZS	F	0.03%
	ENPH	C	0.03%
	FNF	A	0.03%
	TPL	C	0.03%
	HEI	B	0.03%
	VRSN	D	0.03%
	LPLA	D	0.03%
	PODD	B	0.03%
	SSNC	B	0.03%
	WSO	C	0.03%
	BMRN	F	0.03%
	ZM	C	0.03%
	ENTG	D	0.03%
	WYNN	D	0.02%
	CG	C	0.02%
	SCCO	D	0.02%
	Z	B	0.02%
	CNH	C	0.02%
	SNAP	F	0.02%
	TWLO	D	0.02%
	AFG	B	0.02%
	HEI	B	0.02%
	EXAS	C	0.02%
	CCK	A	0.02%
	EWBC	C	0.02%
	DOCU	C	0.02%
	RPRX	C	0.02%
	OKTA	F	0.02%
	FLEX	C	0.02%
	TECH	C	0.02%
	AES	C	0.02%
	EQH	C	0.02%
	NBIX	F	0.02%
	AGR	B	0.01%
	NWS	D	0.01%
	ZG	B	0.01%
	WLK	D	0.01%
	FOX	B	0.01%
	U	D	0.01%
	CRBG	D	0.01%
	BSY	D	0.01%
	ACI	F	0.01%

BBUS Underweight 26 Positions Relative to QVML

	Symbol	Grade	Weight
	CBOE	C	-0.05%
	CHRW	B	-0.03%
	JBL	D	-0.03%
	NDSN	C	-0.03%
	AAL	D	-0.02%
	BIO	C	-0.02%
	IVZ	C	-0.02%
	BBWI	F	-0.02%
	NCLH	C	-0.02%
	RL	B	-0.02%
	BWA	D	-0.02%
	CZR	C	-0.02%
	FMC	C	-0.02%
	DVA	B	-0.02%
	MHK	B	-0.02%
	GNRC	D	-0.02%
	HSIC	C	-0.02%
	FRT	C	-0.02%
	GL	C	-0.02%
	MKTX	C	-0.02%
	AOS	C	-0.02%
	TPR	C	-0.02%
	SOLV	C	-0.02%
	PNW	B	-0.02%
	AIZ	B	-0.02%
	PARA	F	-0.01%

BBUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Asset Management Diagnostics & Research 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 Aerospace Bank Chemical Telecommunications Real Estate Investment Trust Medicine Banking Cloud Computing Semiconductor Mobile Devices Mining Insurance Products

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Oil & Gas E&P Asset Management Banks - Regional - US Packaged Foods Capital Markets Diagnostics & Research Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies REIT - Residential Specialty Chemicals

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