BBUS vs. SPYV ETF Comparison

Comparison of JPMorgan BetaBuilders U.S. Equity ETF (BBUS) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$102.78

Average Daily Volume

143,357

Number of Holdings ^*

539

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.47

Average Daily Volume

3,182,830

Number of Holdings ^*

431

* may have additional holdings in another (foreign) market

Performance

Period	BBUS	SPYV
30 Days	1.18%	0.68%
60 Days	7.19%	5.77%
90 Days	3.50%	8.82%
12 Months	36.85%	32.94%

404 Overlapping Holdings

Symbol	Grade	Weight in BBUS	Weight in SPYV	Overlap
A	B	0.09%	0.2%	0.09%
ABBV	A	0.68%	1.02%	0.68%
ABNB	D	0.11%	0.14%	0.11%
ABT	B	0.39%	0.94%	0.39%
ACN	B	0.45%	0.49%	0.45%
ADI	C	0.23%	0.23%	0.23%
ADM	D	0.06%	0.14%	0.06%
ADP	A	0.22%	0.33%	0.22%
ADSK	B	0.12%	0.14%	0.12%
AEE	A	0.05%	0.11%	0.05%
AEP	C	0.11%	0.26%	0.11%
AES	B	0.03%	0.07%	0.03%
AFL	A	0.11%	0.27%	0.11%
AIG	F	0.1%	0.23%	0.1%
AJG	D	0.12%	0.14%	0.12%
AKAM	D	0.03%	0.04%	0.03%
ALB	D	0.02%	0.05%	0.02%
ALGN	D	0.04%	0.04%	0.04%
ALL	B	0.1%	0.24%	0.1%
ALLE	A	0.03%	0.04%	0.03%
AMCR	B	0.03%	0.08%	0.03%
AME	D	0.08%	0.1%	0.08%
AMGN	D	0.34%	0.82%	0.34%
AMP	A	0.09%	0.1%	0.09%
AMT	C	0.22%	0.31%	0.22%
ANSS	D	0.06%	0.06%	0.06%
AON	A	0.15%	0.18%	0.15%
APD	C	0.13%	0.32%	0.13%
APH	D	0.16%	0.17%	0.16%
APTV	D	0.03%	0.09%	0.03%
ARE	D	0.04%	0.09%	0.04%
ATO	A	0.04%	0.1%	0.04%
AVB	C	0.06%	0.15%	0.06%
AVY	C	0.04%	0.09%	0.04%
AWK	B	0.06%	0.13%	0.06%
AXP	A	0.3%	0.22%	0.22%
AZO	D	0.11%	0.08%	0.08%
BA	F	0.19%	0.24%	0.19%
BAC	D	0.53%	1.28%	0.53%
BALL	C	0.04%	0.1%	0.04%
BAX	D	0.04%	0.09%	0.04%
BBY	B	0.04%	0.09%	0.04%
BDX	B	0.14%	0.33%	0.14%
BEN	F	0.01%	0.03%	0.01%
BG	F	0.03%	0.06%	0.03%
BIIB	F	0.06%	0.13%	0.06%
BK	C	0.11%	0.25%	0.11%
BKR	B	0.07%	0.17%	0.07%
BLK	A	0.28%	0.63%	0.28%
BMY	B	0.2%	0.49%	0.2%
BR	B	0.05%	0.05%	0.05%
BRK.A	C	1.64%	3.98%	1.64%
BRO	A	0.05%	0.03%	0.03%
BSX	A	0.24%	0.26%	0.24%
BX	C	0.22%	0.15%	0.15%
BXP	C	0.03%	0.06%	0.03%
C	B	0.24%	0.56%	0.24%
CAG	D	0.03%	0.07%	0.03%
CAH	B	0.05%	0.13%	0.05%
CARR	A	0.13%	0.17%	0.13%
CAT	A	0.38%	0.38%	0.38%
CB	A	0.22%	0.52%	0.22%
CBRE	A	0.08%	0.18%	0.08%
CCI	C	0.1%	0.24%	0.1%
CCL	C	0.04%	0.03%	0.03%
CDW	D	0.06%	0.08%	0.06%
CEG	B	0.16%	0.21%	0.16%
CF	A	0.03%	0.03%	0.03%
CFG	D	0.04%	0.09%	0.04%
CHD	C	0.05%	0.07%	0.05%
CHTR	D	0.06%	0.08%	0.06%
CI	D	0.19%	0.46%	0.19%
CINF	A	0.04%	0.1%	0.04%
CL	D	0.17%	0.25%	0.17%
CLX	B	0.04%	0.1%	0.04%
CMCSA	B	0.32%	0.76%	0.32%
CME	A	0.16%	0.24%	0.16%
CMI	B	0.09%	0.21%	0.09%
CMS	A	0.04%	0.1%	0.04%
CNC	F	0.08%	0.19%	0.08%
CNP	B	0.04%	0.09%	0.04%
COF	C	0.11%	0.27%	0.11%
COP	D	0.24%	0.18%	0.18%
COST	C	0.8%	1.11%	0.8%
CPB	D	0.02%	0.05%	0.02%
CPT	C	0.03%	0.06%	0.03%
CRL	F	0.02%	0.05%	0.02%
CSCO	A	0.43%	1.02%	0.43%
CSGP	F	0.06%	0.08%	0.06%
CSX	D	0.13%	0.16%	0.13%
CTAS	B	0.14%	0.15%	0.14%
CTRA	D	0.03%	0.03%	0.03%
CTSH	B	0.08%	0.18%	0.08%
CTVA	A	0.08%	0.19%	0.08%
CVS	D	0.15%	0.35%	0.15%
CVX	B	0.48%	1.16%	0.48%
D	A	0.1%	0.23%	0.1%
DAL	C	0.07%	0.07%	0.07%
DAY	B	0.02%	0.02%	0.02%
DD	B	0.07%	0.18%	0.07%
DE	A	0.21%	0.22%	0.21%
DELL	C	0.07%	0.08%	0.07%
DFS	C	0.07%	0.08%	0.07%
DG	F	0.04%	0.09%	0.04%
DGX	B	0.03%	0.08%	0.03%
DHR	C	0.36%	0.85%	0.36%
DIS	D	0.35%	0.83%	0.35%
DLR	C	0.11%	0.14%	0.11%
DLTR	F	0.03%	0.07%	0.03%
DOC	C	0.03%	0.08%	0.03%
DOV	C	0.05%	0.13%	0.05%
DOW	B	0.08%	0.18%	0.08%
DPZ	D	0.03%	0.04%	0.03%
DRI	C	0.04%	0.05%	0.04%
DTE	A	0.05%	0.12%	0.05%
DUK	A	0.18%	0.43%	0.18%
DVN	F	0.05%	0.11%	0.05%
DXCM	F	0.05%	0.05%	0.05%
EA	D	0.07%	0.09%	0.07%
EBAY	A	0.06%	0.15%	0.06%
ECL	B	0.13%	0.15%	0.13%
ED	A	0.07%	0.17%	0.07%
EFX	C	0.07%	0.1%	0.07%
EG	B	0.03%	0.08%	0.03%
EIX	A	0.07%	0.16%	0.07%
EL	D	0.05%	0.11%	0.05%
ELV	F	0.24%	0.58%	0.24%
EMN	C	0.03%	0.06%	0.03%
EMR	B	0.12%	0.3%	0.12%
ENPH	D	0.03%	0.05%	0.03%
EOG	B	0.14%	0.11%	0.11%
EPAM	F	0.02%	0.03%	0.02%
EQIX	B	0.17%	0.21%	0.17%
EQR	C	0.05%	0.12%	0.05%
EQT	B	0.04%	0.1%	0.04%
ES	C	0.05%	0.11%	0.05%
ESS	C	0.04%	0.09%	0.04%
ETN	C	0.27%	0.24%	0.24%
ETR	A	0.05%	0.13%	0.05%
EVRG	C	0.03%	0.07%	0.03%
EW	F	0.08%	0.12%	0.08%
EXC	A	0.08%	0.19%	0.08%
EXPD	C	0.04%	0.05%	0.04%
EXR	C	0.07%	0.18%	0.07%
F	D	0.08%	0.2%	0.08%
FAST	B	0.08%	0.1%	0.08%
FCX	B	0.15%	0.18%	0.15%
FDS	C	0.03%	0.04%	0.03%
FDX	D	0.12%	0.29%	0.12%
FE	B	0.04%	0.11%	0.04%
FFIV	B	0.03%	0.06%	0.03%
FIS	C	0.09%	0.22%	0.09%
FITB	C	0.06%	0.14%	0.06%
FOX	A	0.01%	0.02%	0.01%
FOXA	A	0.02%	0.05%	0.02%
FSLR	C	0.05%	0.13%	0.05%
GD	A	0.15%	0.37%	0.15%
GE	C	0.4%	0.55%	0.4%
GEHC	C	0.07%	0.19%	0.07%
GEV	B	0.14%	0.19%	0.14%
GILD	A	0.21%	0.49%	0.21%
GIS	C	0.08%	0.2%	0.08%
GLW	B	0.07%	0.17%	0.07%
GM	D	0.1%	0.25%	0.1%
GPC	D	0.04%	0.09%	0.04%
GPN	F	0.05%	0.12%	0.05%
GRMN	D	0.05%	0.06%	0.05%
GS	C	0.32%	0.75%	0.32%
GWW	A	0.09%	0.06%	0.06%
HAL	F	0.05%	0.12%	0.05%
HBAN	D	0.04%	0.1%	0.04%
HCA	B	0.15%	0.19%	0.15%
HD	A	0.79%	1.19%	0.79%
HIG	A	0.07%	0.16%	0.07%
HII	F	0.02%	0.05%	0.02%
HOLX	D	0.04%	0.09%	0.04%
HON	C	0.27%	0.64%	0.27%
HPE	B	0.05%	0.13%	0.05%
HPQ	C	0.07%	0.17%	0.07%
HRL	F	0.02%	0.04%	0.02%
HST	D	0.03%	0.02%	0.02%
HSY	D	0.06%	0.08%	0.06%
HUBB	A	0.05%	0.06%	0.05%
HUM	F	0.08%	0.18%	0.08%
HWM	A	0.08%	0.08%	0.08%
IBM	B	0.41%	0.98%	0.41%
ICE	A	0.18%	0.43%	0.18%
IDXX	D	0.08%	0.09%	0.08%
IEX	D	0.03%	0.08%	0.03%
IFF	C	0.05%	0.13%	0.05%
INCY	B	0.02%	0.05%	0.02%
INTC	D	0.2%	0.49%	0.2%
INVH	D	0.04%	0.1%	0.04%
IP	C	0.03%	0.08%	0.03%
IPG	C	0.02%	0.06%	0.02%
IQV	F	0.09%	0.12%	0.09%
IR	A	0.08%	0.04%	0.04%
IRM	A	0.07%	0.08%	0.07%
ISRG	A	0.34%	0.28%	0.28%
ITW	A	0.16%	0.18%	0.16%
J	D	0.04%	0.09%	0.04%
JBHT	D	0.03%	0.07%	0.03%
JCI	B	0.1%	0.24%	0.1%
JKHY	A	0.03%	0.06%	0.03%
JNJ	D	0.78%	1.86%	0.78%
JNPR	B	0.03%	0.06%	0.03%
JPM	D	1.2%	2.85%	1.2%
K	B	0.04%	0.1%	0.04%
KDP	C	0.08%	0.19%	0.08%
KEY	C	0.03%	0.07%	0.03%
KEYS	B	0.06%	0.13%	0.06%
KHC	D	0.06%	0.15%	0.06%
KIM	C	0.03%	0.07%	0.03%
KMB	B	0.1%	0.23%	0.1%
KMI	A	0.09%	0.2%	0.09%
KMX	F	0.02%	0.06%	0.02%
KO	C	0.56%	0.81%	0.56%
KR	C	0.08%	0.18%	0.08%
KVUE	C	0.08%	0.21%	0.08%
L	D	0.03%	0.07%	0.03%
LDOS	A	0.04%	0.1%	0.04%
LEN	B	0.0%	0.09%	0.0%
LEN	B	0.09%	0.09%	0.09%
LHX	A	0.09%	0.21%	0.09%
LIN	B	0.46%	0.53%	0.46%
LKQ	F	0.02%	0.05%	0.02%
LMT	A	0.24%	0.59%	0.24%
LNT	A	0.03%	0.07%	0.03%
LOW	A	0.3%	0.72%	0.3%
LUV	B	0.04%	0.09%	0.04%
LVS	B	0.04%	0.03%	0.03%
LW	D	0.02%	0.02%	0.02%
LYB	D	0.05%	0.12%	0.05%
MA	A	0.81%	0.54%	0.54%
MAA	C	0.04%	0.09%	0.04%
MAS	A	0.04%	0.04%	0.04%
MCD	A	0.44%	0.58%	0.44%
MCHP	F	0.09%	0.08%	0.08%
MCK	F	0.12%	0.3%	0.12%
MCO	D	0.15%	0.19%	0.15%
MDLZ	C	0.2%	0.28%	0.2%
MDT	B	0.23%	0.55%	0.23%
MET	A	0.1%	0.23%	0.1%
MGM	D	0.02%	0.01%	0.01%
MKC	C	0.04%	0.1%	0.04%
MLM	D	0.07%	0.05%	0.05%
MMC	D	0.22%	0.25%	0.22%
MMM	C	0.15%	0.37%	0.15%
MNST	D	0.07%	0.07%	0.07%
MO	D	0.17%	0.42%	0.17%
MOH	D	0.04%	0.04%	0.04%
MOS	D	0.02%	0.04%	0.02%
MPC	F	0.11%	0.12%	0.11%
MRK	F	0.57%	0.82%	0.57%
MRNA	F	0.04%	0.1%	0.04%
MRO	D	0.03%	0.03%	0.03%
MS	B	0.26%	0.62%	0.26%
MSCI	B	0.09%	0.09%	0.09%
MSI	A	0.15%	0.15%	0.15%
MTB	C	0.06%	0.14%	0.06%
MTD	B	0.06%	0.09%	0.06%
MU	D	0.24%	0.58%	0.24%
NDAQ	C	0.06%	0.14%	0.06%
NEE	A	0.34%	0.82%	0.34%
NEM	C	0.13%	0.3%	0.13%
NI	A	0.03%	0.07%	0.03%
NKE	D	0.21%	0.29%	0.21%
NOC	B	0.15%	0.34%	0.15%
NRG	A	0.04%	0.09%	0.04%
NSC	C	0.11%	0.26%	0.11%
NTAP	D	0.05%	0.08%	0.05%
NTRS	C	0.04%	0.09%	0.04%
NUE	D	0.07%	0.06%	0.06%
NWS	D	0.01%	0.02%	0.01%
NWSA	D	0.02%	0.05%	0.02%
NXPI	F	0.12%	0.07%	0.07%
O	A	0.11%	0.26%	0.11%
OKE	B	0.1%	0.09%	0.09%
OMC	C	0.04%	0.1%	0.04%
ON	F	0.06%	0.08%	0.06%
ORLY	A	0.13%	0.09%	0.09%
OTIS	A	0.08%	0.12%	0.08%
OXY	F	0.06%	0.16%	0.06%
PAYC	D	0.02%	0.02%	0.02%
PAYX	A	0.09%	0.12%	0.09%
PCAR	D	0.1%	0.07%	0.07%
PCG	B	0.08%	0.2%	0.08%
PEG	A	0.09%	0.21%	0.09%
PEP	D	0.47%	0.71%	0.47%
PFE	D	0.33%	0.79%	0.33%
PFG	C	0.04%	0.09%	0.04%
PG	C	0.82%	1.19%	0.82%
PGR	C	0.3%	0.35%	0.3%
PH	A	0.16%	0.09%	0.09%
PKG	C	0.04%	0.09%	0.04%
PLD	D	0.23%	0.55%	0.23%
PM	C	0.38%	0.57%	0.38%
PNC	C	0.15%	0.35%	0.15%
PNR	C	0.03%	0.02%	0.02%
PODD	C	0.03%	0.05%	0.03%
POOL	B	0.03%	0.03%	0.03%
PPG	D	0.06%	0.15%	0.06%
PPL	A	0.05%	0.11%	0.05%
PRU	C	0.09%	0.21%	0.09%
PSA	C	0.11%	0.16%	0.11%
PSX	D	0.11%	0.26%	0.11%
PTC	D	0.04%	0.04%	0.04%
PWR	B	0.09%	0.06%	0.06%
PYPL	C	0.16%	0.39%	0.16%
QCOM	D	0.39%	0.44%	0.39%
QRVO	F	0.02%	0.05%	0.02%
REG	C	0.02%	0.06%	0.02%
REGN	D	0.22%	0.21%	0.21%
RF	C	0.04%	0.1%	0.04%
RJF	B	0.05%	0.11%	0.05%
RMD	C	0.07%	0.17%	0.07%
ROK	D	0.06%	0.08%	0.06%
ROL	B	0.03%	0.04%	0.03%
ROP	C	0.12%	0.16%	0.12%
RSG	D	0.08%	0.08%	0.08%
RTX	A	0.32%	0.77%	0.32%
SBAC	B	0.05%	0.07%	0.05%
SBUX	B	0.22%	0.22%	0.22%
SCHW	D	0.18%	0.46%	0.18%
SHW	B	0.18%	0.21%	0.18%
SJM	C	0.03%	0.06%	0.03%
SLB	D	0.12%	0.28%	0.12%
SNA	A	0.03%	0.04%	0.03%
SO	A	0.19%	0.47%	0.19%
SPG	A	0.1%	0.15%	0.1%
SPGI	C	0.32%	0.44%	0.32%
SRE	A	0.1%	0.25%	0.1%
STE	D	0.05%	0.05%	0.05%
STLD	B	0.04%	0.03%	0.03%
STT	C	0.05%	0.13%	0.05%
STX	B	0.04%	0.07%	0.04%
STZ	B	0.08%	0.19%	0.08%
SW	C	0.05%	0.12%	0.05%
SWK	A	0.03%	0.08%	0.03%
SWKS	F	0.03%	0.08%	0.03%
SYF	B	0.04%	0.09%	0.04%
SYK	C	0.26%	0.21%	0.21%
SYY	B	0.08%	0.18%	0.08%
T	A	0.31%	0.74%	0.31%
TAP	D	0.02%	0.05%	0.02%
TDY	A	0.04%	0.1%	0.04%
TECH	C	0.02%	0.06%	0.02%
TEL	D	0.09%	0.13%	0.09%
TER	C	0.04%	0.11%	0.04%
TFC	D	0.11%	0.27%	0.11%
TFX	C	0.02%	0.06%	0.02%
TGT	C	0.14%	0.35%	0.14%
TJX	C	0.27%	0.22%	0.22%
TMO	C	0.47%	0.7%	0.47%
TMUS	A	0.2%	0.48%	0.2%
TRMB	B	0.03%	0.07%	0.03%
TROW	D	0.05%	0.12%	0.05%
TRV	C	0.11%	0.26%	0.11%
TSCO	A	0.06%	0.09%	0.06%
TSN	D	0.03%	0.08%	0.03%
TT	A	0.17%	0.13%	0.13%
TTWO	F	0.05%	0.06%	0.05%
TXN	C	0.38%	0.58%	0.38%
TXT	F	0.03%	0.08%	0.03%
UAL	B	0.04%	0.09%	0.04%
UDR	C	0.03%	0.07%	0.03%
UHS	D	0.03%	0.07%	0.03%
ULTA	D	0.04%	0.03%	0.03%
UNH	B	1.06%	1.57%	1.06%
UNP	D	0.3%	0.39%	0.3%
UPS	D	0.19%	0.47%	0.19%
USB	C	0.14%	0.34%	0.14%
V	C	0.91%	0.74%	0.74%
VICI	C	0.07%	0.16%	0.07%
VLO	F	0.09%	0.21%	0.09%
VLTO	A	0.05%	0.13%	0.05%
VMC	D	0.07%	0.06%	0.06%
VRSK	D	0.08%	0.08%	0.08%
VRSN	B	0.03%	0.04%	0.03%
VRTX	D	0.24%	0.21%	0.21%
VTR	C	0.05%	0.13%	0.05%
VTRS	D	0.03%	0.07%	0.03%
VZ	A	0.38%	0.9%	0.38%
WAB	A	0.06%	0.15%	0.06%
WAT	B	0.04%	0.06%	0.04%
WBA	F	0.01%	0.03%	0.01%
WBD	D	0.04%	0.09%	0.04%
WDC	C	0.05%	0.11%	0.05%
WEC	A	0.06%	0.14%	0.06%
WELL	C	0.15%	0.35%	0.15%
WFC	D	0.38%	0.92%	0.38%
WM	B	0.15%	0.19%	0.15%
WMB	A	0.11%	0.16%	0.11%
WMT	A	0.69%	1.66%	0.69%
WRB	B	0.04%	0.08%	0.04%
WTW	B	0.06%	0.14%	0.06%
WY	B	0.05%	0.12%	0.05%
XEL	A	0.07%	0.17%	0.07%
XOM	A	1.0%	2.4%	1.0%
XYL	C	0.06%	0.16%	0.06%
YUM	A	0.08%	0.1%	0.08%
ZBH	F	0.04%	0.1%	0.04%
ZBRA	A	0.04%	0.09%	0.04%
ZTS	C	0.18%	0.19%	0.18%

BBUS Overweight 135 Positions Relative to SPYV

Symbol	Grade	Weight
AAPL	C	6.53%
MSFT	D	6.43%
NVDA	C	5.9%
AMZN	C	3.63%
META	A	2.49%
GOOGL	B	1.91%
GOOG	B	1.71%
AVGO	C	1.63%
LLY	D	1.54%
TSLA	C	1.42%
NFLX	A	0.61%
ORCL	B	0.54%
AMD	D	0.54%
CRM	B	0.51%
ADBE	F	0.46%
NOW	C	0.37%
INTU	F	0.36%
AMAT	B	0.35%
UBER	C	0.31%
BKNG	C	0.29%
KLAC	B	0.22%
PANW	D	0.22%
LRCX	D	0.22%
MELI	C	0.21%
ANET	A	0.2%
KKR	A	0.17%
TDG	A	0.16%
SNPS	F	0.16%
CMG	C	0.16%
PLTR	A	0.15%
CDNS	D	0.15%
MRVL	C	0.13%
CRWD	D	0.13%
MAR	B	0.12%
URI	C	0.11%
DHI	C	0.11%
HLT	A	0.11%
TTD	C	0.1%
APO	A	0.1%
ROST	C	0.1%
FTNT	A	0.1%
WDAY	D	0.1%
RCL	C	0.09%
DASH	A	0.09%
MPWR	B	0.09%
CPRT	B	0.09%
FICO	A	0.09%
IT	C	0.08%
LNG	A	0.08%
ACGL	A	0.08%
DDOG	D	0.07%
ALNY	C	0.07%
COIN	F	0.07%
VRT	B	0.07%
HES	D	0.07%
SNOW	F	0.07%
SQ	D	0.07%
VST	A	0.07%
ODFL	D	0.07%
FTV	B	0.06%
AXON	A	0.06%
NVR	A	0.06%
ARES	A	0.06%
FANG	D	0.06%
PHM	A	0.06%
LULU	D	0.06%
CPNG	C	0.06%
VEEV	C	0.06%
TRGP	B	0.06%
BLDR	B	0.05%
FCNCA	D	0.05%
RBLX	C	0.05%
DECK	B	0.05%
TYL	B	0.05%
NET	D	0.05%
TEAM	D	0.05%
HUBS	D	0.05%
BURL	D	0.04%
ENTG	D	0.04%
AVTR	D	0.04%
EXPE	B	0.04%
MDB	F	0.04%
PINS	D	0.04%
LII	C	0.04%
SMCI	F	0.04%
MKL	C	0.04%
TRU	A	0.04%
BAH	A	0.04%
GDDY	D	0.04%
ILMN	B	0.04%
CPAY	A	0.04%
WST	D	0.04%
EXAS	C	0.03%
DOCU	B	0.03%
EQH	C	0.03%
ELS	D	0.03%
BMRN	F	0.03%
WPC	C	0.03%
FLEX	C	0.03%
RGA	C	0.03%
DT	C	0.03%
OC	C	0.03%
CE	D	0.03%
FNF	A	0.03%
HEI	A	0.03%
ZS	F	0.03%
LYV	A	0.03%
SSNC	C	0.03%
ZM	C	0.03%
SUI	D	0.03%
TPL	B	0.03%
LPLA	D	0.03%
WSO	C	0.03%
APA	F	0.02%
WYNN	B	0.02%
CG	C	0.02%
AFG	C	0.02%
CNH	B	0.02%
SCCO	B	0.02%
Z	C	0.02%
TWLO	B	0.02%
HEI	A	0.02%
EWBC	D	0.02%
RPRX	B	0.02%
SNAP	D	0.02%
CCK	C	0.02%
NBIX	F	0.02%
OKTA	F	0.02%
AGR	C	0.01%
ZG	C	0.01%
WLK	C	0.01%
U	D	0.01%
CRBG	C	0.01%
BSY	D	0.01%
ACI	F	0.01%

BBUS Underweight 28 Positions Relative to SPYV

Symbol	Grade	Weight
FI	A	-0.23%
NDSN	B	-0.07%
CHRW	A	-0.06%
MTCH	B	-0.05%
MKTX	C	-0.05%
GL	C	-0.05%
PNW	A	-0.05%
AIZ	A	-0.05%
TPR	B	-0.05%
CTLT	A	-0.05%
CBOE	A	-0.04%
IVZ	A	-0.04%
BWA	B	-0.04%
MHK	B	-0.04%
FMC	B	-0.04%
FRT	D	-0.04%
HSIC	D	-0.04%
SOLV	C	-0.04%
HAS	A	-0.04%
ERIE	A	-0.03%
PARA	F	-0.03%
JBL	D	-0.03%
BBWI	F	-0.03%
DVA	C	-0.02%
RL	B	-0.02%
GNRC	B	-0.02%
CZR	B	-0.02%
AOS	B	-0.02%