DTD vs. PBUS ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to Invesco PureBeta MSCI USA ETF (PBUS)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$76.26

Average Daily Volume

20,939

Number of Holdings ^*

805

* may have additional holdings in another (foreign) market

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

$57.11

Average Daily Volume

66,586

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	DTD	PBUS
30 Days	3.09%	2.26%
60 Days	5.11%	4.06%
90 Days	7.85%	4.95%
12 Months	26.12%	31.71%

385 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in PBUS	Overlap
	A	C	0.04%	0.08%	0.04%
	AAPL	C	3.18%	6.7%	3.18%
	ABBV	C	2.38%	0.74%	0.74%
	ABT	C	0.45%	0.43%	0.43%
	ACI	F	0.04%	0.01%	0.01%
	ACM	B	0.02%	0.03%	0.02%
	ADI	C	0.24%	0.23%	0.23%
	ADM	D	0.09%	0.06%	0.06%
	ADP	B	0.33%	0.24%	0.24%
	AEE	C	0.12%	0.05%	0.05%
	AEP	C	0.28%	0.11%	0.11%
	AFG	B	0.03%	0.02%	0.02%
	AFL	C	0.27%	0.12%	0.12%
	AIG	D	0.14%	0.1%	0.1%
	AIZ	B	0.03%	0.02%	0.02%
	AJG	D	0.07%	0.14%	0.07%
	ALB	D	0.02%	0.02%	0.02%
	ALL	B	0.15%	0.1%	0.1%
	ALLY	F	0.05%	0.02%	0.02%
	AMAT	D	0.15%	0.31%	0.15%
	AME	C	0.04%	0.08%	0.04%
	AMGN	B	0.64%	0.37%	0.37%
	AMH	C	0.02%	0.03%	0.02%
	AMP	A	0.12%	0.09%	0.09%
	AMT	C	0.35%	0.24%	0.24%
	AOS	D	0.03%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	B	0.18%	0.13%	0.13%
	APH	D	0.14%	0.15%	0.14%
	APO	C	0.15%	0.09%	0.09%
	ARE	C	0.09%	0.04%	0.04%
	ARES	B	0.09%	0.05%	0.05%
	ATO	B	0.1%	0.04%	0.04%
	AVB	B	0.17%	0.07%	0.07%
	AVGO	C	2.4%	1.37%	1.37%
	AVY	C	0.03%	0.04%	0.03%
	AWK	B	0.07%	0.06%	0.06%
	AXP	B	0.3%	0.3%	0.3%
	BAC	D	1.09%	0.58%	0.58%
	BAH	C	0.04%	0.04%	0.04%
	BALL	C	0.04%	0.04%	0.04%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.12%	0.04%	0.04%
	BDX	D	0.13%	0.14%	0.13%
	BEN	F	0.06%	0.01%	0.01%
	BK	B	0.22%	0.1%	0.1%
	BKNG	C	0.25%	0.27%	0.25%
	BKR	C	0.1%	0.07%	0.07%
	BLK	B	0.39%	0.27%	0.27%
	BMY	C	0.5%	0.21%	0.21%
	BR	D	0.07%	0.05%	0.05%
	BRO	C	0.04%	0.05%	0.04%
	BSY	D	0.01%	0.02%	0.01%
	BX	B	0.34%	0.21%	0.21%
	C	D	0.56%	0.23%	0.23%
	CAG	C	0.08%	0.03%	0.03%
	CAH	C	0.06%	0.06%	0.06%
	CARR	B	0.1%	0.12%	0.1%
	CAT	B	0.42%	0.34%	0.34%
	CBOE	C	0.05%	0.05%	0.05%
	CCI	C	0.29%	0.11%	0.11%
	CCK	A	0.02%	0.02%	0.02%
	CDW	D	0.04%	0.06%	0.04%
	CE	F	0.04%	0.03%	0.03%
	CEG	C	0.07%	0.12%	0.07%
	CF	C	0.04%	0.03%	0.03%
	CG	D	0.06%	0.02%	0.02%
	CHD	D	0.04%	0.05%	0.04%
	CHK	D	0.03%	0.02%	0.02%
	CHRD	F	0.05%	0.02%	0.02%
	CHRW	B	0.04%	0.02%	0.02%
	CI	C	0.24%	0.21%	0.21%
	CINF	C	0.07%	0.04%	0.04%
	CL	D	0.37%	0.17%	0.17%
	CLX	C	0.08%	0.04%	0.04%
	CMCSA	D	0.83%	0.32%	0.32%
	CME	C	0.19%	0.16%	0.16%
	CMI	C	0.14%	0.08%	0.08%
	CMS	C	0.07%	0.04%	0.04%
	CNP	C	0.05%	0.04%	0.04%
	COF	B	0.13%	0.11%	0.11%
	COP	D	0.31%	0.25%	0.25%
	COST	B	0.45%	0.83%	0.45%
	CPB	C	0.06%	0.02%	0.02%
	CPT	B	0.03%	0.03%	0.03%
	CRBG	D	0.09%	0.02%	0.02%
	CRM	D	0.2%	0.5%	0.2%
	CSCO	C	1.15%	0.41%	0.41%
	CSL	B	0.04%	0.04%	0.04%
	CSX	D	0.1%	0.14%	0.1%
	CTAS	B	0.15%	0.16%	0.15%
	CTSH	C	0.08%	0.08%	0.08%
	CVS	D	0.28%	0.15%	0.15%
	CVX	D	1.41%	0.51%	0.51%
	D	C	0.34%	0.1%	0.1%
	DAL	C	0.04%	0.01%	0.01%
	DD	B	0.09%	0.07%	0.07%
	DE	B	0.19%	0.21%	0.19%
	DELL	D	0.06%	0.06%	0.06%
	DFS	C	0.1%	0.07%	0.07%
	DGX	B	0.04%	0.04%	0.04%
	DHI	B	0.08%	0.12%	0.08%
	DHR	B	0.17%	0.38%	0.17%
	DINO	F	0.03%	0.02%	0.02%
	DIS	D	0.16%	0.34%	0.16%
	DKS	D	0.05%	0.03%	0.03%
	DLR	B	0.17%	0.11%	0.11%
	DOV	B	0.05%	0.05%	0.05%
	DOW	D	0.23%	0.07%	0.07%
	DPZ	F	0.03%	0.03%	0.03%
	DRI	B	0.11%	0.04%	0.04%
	DTE	C	0.1%	0.05%	0.05%
	DUK	C	0.44%	0.19%	0.19%
	EA	D	0.04%	0.08%	0.04%
	EBAY	B	0.1%	0.06%	0.06%
	ECL	B	0.13%	0.13%	0.13%
	ED	C	0.22%	0.08%	0.08%
	EFX	B	0.04%	0.08%	0.04%
	EIX	C	0.16%	0.07%	0.07%
	ELS	C	0.02%	0.03%	0.02%
	ELV	C	0.19%	0.26%	0.19%
	EME	B	0.01%	0.04%	0.01%
	EMN	B	0.05%	0.02%	0.02%
	EMR	D	0.16%	0.12%	0.12%
	EOG	D	0.39%	0.14%	0.14%
	EQH	C	0.05%	0.03%	0.03%
	EQIX	C	0.17%	0.17%	0.17%
	EQR	B	0.11%	0.05%	0.05%
	EQT	D	0.06%	0.04%	0.04%
	ERIE	B	0.05%	0.03%	0.03%
	ES	C	0.13%	0.05%	0.05%
	ESS	B	0.06%	0.04%	0.04%
	ETR	B	0.2%	0.05%	0.05%
	EVRG	B	0.09%	0.03%	0.03%
	EXC	C	0.16%	0.08%	0.08%
	EXPD	C	0.04%	0.04%	0.04%
	EXR	B	0.17%	0.08%	0.08%
	FANG	D	0.09%	0.06%	0.06%
	FAST	C	0.16%	0.08%	0.08%
	FCNCA	D	0.03%	0.04%	0.03%
	FDS	C	0.02%	0.03%	0.02%
	FDX	C	0.16%	0.14%	0.14%
	FE	C	0.13%	0.05%	0.05%
	FIS	B	0.21%	0.1%	0.1%
	FITB	B	0.14%	0.06%	0.06%
	FNF	B	0.08%	0.03%	0.03%
	FOX	B	0.05%	0.01%	0.01%
	FTV	C	0.03%	0.05%	0.03%
	GD	B	0.2%	0.15%	0.15%
	GE	B	0.16%	0.38%	0.16%
	GEHC	C	0.04%	0.08%	0.04%
	GGG	C	0.02%	0.03%	0.02%
	GILD	B	0.45%	0.21%	0.21%
	GIS	B	0.19%	0.09%	0.09%
	GLPI	C	0.07%	0.03%	0.03%
	GLW	C	0.16%	0.07%	0.07%
	GM	C	0.09%	0.11%	0.09%
	GOOG	D	0.52%	1.58%	0.52%
	GOOGL	D	0.79%	1.82%	0.79%
	GPC	D	0.07%	0.04%	0.04%
	GPN	D	0.03%	0.06%	0.03%
	GS	C	0.58%	0.31%	0.31%
	GWW	B	0.09%	0.09%	0.09%
	HAL	F	0.05%	0.05%	0.05%
	HBAN	B	0.11%	0.04%	0.04%
	HCA	B	0.12%	0.16%	0.12%
	HD	B	1.73%	0.77%	0.77%
	HEI	B	0.03%	0.02%	0.02%
	HEI	B	0.03%	0.03%	0.03%
	HES	F	0.06%	0.07%	0.06%
	HIG	B	0.14%	0.07%	0.07%
	HII	D	0.03%	0.02%	0.02%
	HLT	B	0.05%	0.11%	0.05%
	HON	D	0.49%	0.27%	0.27%
	HPE	D	0.06%	0.04%	0.04%
	HPQ	D	0.14%	0.07%	0.07%
	HRL	C	0.07%	0.02%	0.02%
	HST	C	0.04%	0.02%	0.02%
	HSY	C	0.09%	0.06%	0.06%
	HUBB	B	0.05%	0.04%	0.04%
	HUM	F	0.04%	0.09%	0.04%
	HWM	B	0.04%	0.08%	0.04%
	IBM	B	1.29%	0.39%	0.39%
	ICE	C	0.23%	0.19%	0.19%
	IEX	D	0.02%	0.03%	0.02%
	INTU	C	0.17%	0.37%	0.17%
	INVH	C	0.05%	0.05%	0.05%
	IP	B	0.09%	0.03%	0.03%
	IPG	C	0.06%	0.02%	0.02%
	IR	C	0.04%	0.07%	0.04%
	IRM	C	0.12%	0.07%	0.07%
	ITW	C	0.29%	0.15%	0.15%
	J	C	0.02%	0.04%	0.02%
	JBHT	D	0.02%	0.03%	0.02%
	JBL	D	0.01%	0.03%	0.01%
	JKHY	B	0.02%	0.03%	0.02%
	JNJ	C	2.09%	0.84%	0.84%
	JNPR	B	0.05%	0.03%	0.03%
	JPM	D	2.81%	1.23%	1.23%
	K	B	0.14%	0.05%	0.05%
	KDP	B	0.17%	0.08%	0.08%
	KHC	C	0.24%	0.07%	0.07%
	KIM	C	0.05%	0.03%	0.03%
	KKR	B	0.11%	0.15%	0.11%
	KLAC	D	0.12%	0.2%	0.12%
	KMB	D	0.3%	0.1%	0.1%
	KO	C	1.68%	0.61%	0.61%
	KR	C	0.16%	0.07%	0.07%
	KVUE	C	0.21%	0.09%	0.09%
	L	C	0.01%	0.03%	0.01%
	LDOS	B	0.04%	0.04%	0.04%
	LEN	B	0.07%	0.09%	0.07%
	LHX	C	0.11%	0.09%	0.09%
	LII	B	0.05%	0.04%	0.04%
	LKQ	F	0.03%	0.02%	0.02%
	LLY	C	0.77%	1.52%	0.77%
	LMT	C	0.48%	0.26%	0.26%
	LNG	C	0.07%	0.09%	0.07%
	LNT	B	0.06%	0.03%	0.03%
	LOW	B	0.56%	0.29%	0.29%
	LPLA	D	0.02%	0.03%	0.02%
	LRCX	F	0.13%	0.2%	0.13%
	LUV	C	0.06%	0.01%	0.01%
	LVS	D	0.07%	0.03%	0.03%
	LW	D	0.02%	0.02%	0.02%
	MA	B	0.45%	0.85%	0.45%
	MAA	B	0.07%	0.04%	0.04%
	MAR	C	0.13%	0.12%	0.12%
	MAS	B	0.06%	0.04%	0.04%
	MCD	B	0.87%	0.44%	0.44%
	MCHP	F	0.09%	0.08%	0.08%
	MCK	F	0.07%	0.14%	0.07%
	MCO	B	0.11%	0.17%	0.11%
	MDLZ	B	0.44%	0.21%	0.21%
	MET	B	0.22%	0.1%	0.1%
	META	B	0.88%	2.31%	0.88%
	MKC	C	0.07%	0.04%	0.04%
	MKTX	C	0.01%	0.02%	0.01%
	MLM	D	0.04%	0.07%	0.04%
	MMC	C	0.28%	0.24%	0.24%
	MO	C	0.71%	0.19%	0.19%
	MOS	F	0.02%	0.02%	0.02%
	MPC	F	0.24%	0.12%	0.12%
	MPWR	C	0.04%	0.09%	0.04%
	MRK	D	0.98%	0.61%	0.61%
	MRO	D	0.03%	0.03%	0.03%
	MS	D	0.8%	0.25%	0.25%
	MSCI	C	0.05%	0.09%	0.05%
	MSFT	C	2.96%	6.11%	2.96%
	MSI	B	0.14%	0.15%	0.14%
	MTB	B	0.13%	0.06%	0.06%
	MU	F	0.08%	0.2%	0.08%
	NDAQ	A	0.07%	0.06%	0.06%
	NDSN	C	0.02%	0.03%	0.02%
	NI	B	0.06%	0.03%	0.03%
	NKE	D	0.15%	0.2%	0.15%
	NOC	B	0.14%	0.15%	0.14%
	NRG	C	0.07%	0.03%	0.03%
	NSC	C	0.16%	0.12%	0.12%
	NTAP	D	0.09%	0.05%	0.05%
	NTRS	A	0.08%	0.04%	0.04%
	NUE	F	0.05%	0.07%	0.05%
	NVDA	D	2.05%	5.55%	2.05%
	NWSA	D	0.03%	0.02%	0.02%
	O	C	0.29%	0.11%	0.11%
	OC	D	0.03%	0.03%	0.03%
	ODFL	D	0.04%	0.08%	0.04%
	OKE	B	0.33%	0.11%	0.11%
	OMC	B	0.08%	0.04%	0.04%
	ORCL	C	0.67%	0.54%	0.54%
	OTIS	C	0.1%	0.08%	0.08%
	OVV	F	0.04%	0.02%	0.02%
	OXY	F	0.07%	0.07%	0.07%
	PAYC	D	0.01%	0.02%	0.01%
	PAYX	C	0.24%	0.09%	0.09%
	PCAR	D	0.25%	0.1%	0.1%
	PCG	C	0.04%	0.08%	0.04%
	PEG	C	0.26%	0.08%	0.08%
	PEP	C	1.28%	0.51%	0.51%
	PFG	B	0.09%	0.04%	0.04%
	PG	C	1.78%	0.88%	0.88%
	PGR	B	0.13%	0.3%	0.13%
	PH	B	0.17%	0.16%	0.16%
	PHM	B	0.06%	0.06%	0.06%
	PKG	B	0.1%	0.04%	0.04%
	PLD	C	0.39%	0.26%	0.26%
	PM	C	1.23%	0.41%	0.41%
	PNC	B	0.35%	0.15%	0.15%
	POOL	C	0.03%	0.03%	0.03%
	PPG	D	0.09%	0.06%	0.06%
	PPL	C	0.1%	0.05%	0.05%
	PRU	C	0.24%	0.09%	0.09%
	PSA	B	0.29%	0.12%	0.12%
	PSX	F	0.21%	0.11%	0.11%
	PWR	B	0.04%	0.08%	0.04%
	QCOM	D	0.45%	0.38%	0.38%
	REG	C	0.03%	0.03%	0.03%
	RF	B	0.13%	0.04%	0.04%
	RJF	C	0.05%	0.05%	0.05%
	RMD	C	0.05%	0.08%	0.05%
	ROK	D	0.06%	0.06%	0.06%
	ROL	C	0.04%	0.03%	0.03%
	ROP	C	0.05%	0.12%	0.05%
	ROST	C	0.07%	0.11%	0.07%
	RPM	B	0.03%	0.03%	0.03%
	RS	D	0.05%	0.03%	0.03%
	RSG	D	0.1%	0.09%	0.09%
	RTX	C	0.57%	0.33%	0.33%
	SBAC	C	0.03%	0.05%	0.03%
	SBUX	C	0.33%	0.22%	0.22%
	SCHW	D	0.19%	0.2%	0.19%
	SEIC	C	0.02%	0.02%	0.02%
	SHW	B	0.13%	0.19%	0.13%
	SJM	C	0.05%	0.03%	0.03%
	SNA	C	0.07%	0.03%	0.03%
	SO	B	0.44%	0.2%	0.2%
	SPG	B	0.38%	0.11%	0.11%
	SPGI	B	0.18%	0.35%	0.18%
	SRE	C	0.19%	0.11%	0.11%
	SSNC	B	0.04%	0.03%	0.03%
	STLD	F	0.04%	0.03%	0.03%
	STT	B	0.12%	0.05%	0.05%
	STZ	D	0.12%	0.09%	0.09%
	SUI	B	0.04%	0.04%	0.04%
	SW	B	0.04%	0.05%	0.04%
	SWK	B	0.06%	0.03%	0.03%
	SWKS	D	0.05%	0.03%	0.03%
	SYF	C	0.07%	0.04%	0.04%
	SYK	C	0.25%	0.26%	0.25%
	SYY	D	0.19%	0.08%	0.08%
	TAP	D	0.04%	0.02%	0.02%
	TECH	C	0.01%	0.02%	0.01%
	TER	D	0.02%	0.04%	0.02%
	TGT	C	0.25%	0.14%	0.14%
	TJX	B	0.36%	0.28%	0.28%
	TMO	B	0.2%	0.5%	0.2%
	TMUS	C	0.68%	0.22%	0.22%
	TPL	B	0.02%	0.03%	0.02%
	TRGP	B	0.09%	0.06%	0.06%
	TROW	D	0.12%	0.05%	0.05%
	TRV	C	0.14%	0.11%	0.11%
	TSCO	C	0.08%	0.06%	0.06%
	TSN	C	0.08%	0.04%	0.04%
	TTC	D	0.02%	0.02%	0.02%
	TW	B	0.02%	0.03%	0.02%
	TXN	C	0.66%	0.38%	0.38%
	TXT	D	0.02%	0.03%	0.02%
	UDR	C	0.05%	0.03%	0.03%
	UHS	B	0.02%	0.03%	0.02%
	UNH	C	1.28%	1.15%	1.15%
	UNP	C	0.4%	0.32%	0.32%
	UPS	D	0.44%	0.2%	0.2%
	URI	B	0.07%	0.1%	0.07%
	USB	B	0.39%	0.15%	0.15%
	V	C	0.65%	0.94%	0.65%
	VICI	C	0.29%	0.07%	0.07%
	VLO	F	0.17%	0.09%	0.09%
	VLTO	C	0.02%	0.06%	0.02%
	VMC	D	0.04%	0.06%	0.04%
	VRSK	D	0.04%	0.08%	0.04%
	VRT	C	0.02%	0.06%	0.02%
	VST	C	0.11%	0.06%	0.06%
	VTR	C	0.09%	0.05%	0.05%
	VTRS	D	0.09%	0.03%	0.03%
	WAB	A	0.03%	0.06%	0.03%
	WEC	C	0.11%	0.06%	0.06%
	WELL	C	0.19%	0.16%	0.16%
	WFC	D	0.68%	0.39%	0.39%
	WLK	D	0.03%	0.01%	0.01%
	WM	D	0.23%	0.17%	0.17%
	WMB	B	0.3%	0.11%	0.11%
	WMT	C	1.59%	0.73%	0.73%
	WPC	C	0.07%	0.03%	0.03%
	WRB	C	0.07%	0.04%	0.04%
	WSM	D	0.06%	0.04%	0.04%
	WSO	C	0.05%	0.03%	0.03%
	WST	D	0.03%	0.05%	0.03%
	WTRG	D	0.03%	0.02%	0.02%
	WY	C	0.05%	0.05%	0.05%
	XEL	B	0.22%	0.07%	0.07%
	XOM	C	2.41%	1.04%	1.04%
	XYL	D	0.05%	0.07%	0.05%
	YUM	D	0.12%	0.08%	0.08%
	ZBH	F	0.02%	0.04%	0.02%
	ZTS	C	0.14%	0.18%	0.14%

DTD Overweight 421 Positions Relative to PBUS

	Symbol	Grade	Weight
	PNW	C	0.08%
	ORI	B	0.07%
	CUBE	C	0.07%
	AM	C	0.07%
	OGE	C	0.06%
	CNA	C	0.06%
	RGA	C	0.06%
	LAMR	B	0.06%
	INGR	B	0.05%
	UNM	B	0.05%
	TPR	C	0.05%
	NNN	C	0.05%
	TXRH	C	0.05%
	EWBC	D	0.05%
	CMA	B	0.05%
	HRB	C	0.05%
	JEF	B	0.05%
	BPOP	C	0.04%
	SNV	C	0.04%
	WU	F	0.04%
	AVA	C	0.04%
	WBS	D	0.04%
	UGI	C	0.04%
	ITT	B	0.04%
	FHB	D	0.04%
	FNB	C	0.04%
	BKH	B	0.04%
	RDN	C	0.04%
	OGN	D	0.04%
	MTG	B	0.04%
	EVR	A	0.04%
	LNC	D	0.04%
	CIVI	F	0.04%
	BRX	B	0.04%
	FRT	C	0.04%
	NWE	B	0.04%
	OMF	D	0.04%
	OWL	C	0.04%
	DTM	B	0.04%
	JXN	A	0.04%
	PNM	B	0.03%
	SF	A	0.03%
	TKR	D	0.03%
	COLB	B	0.03%
	SAIC	C	0.03%
	AUB	D	0.03%
	VCTR	B	0.03%
	EHC	C	0.03%
	MSM	D	0.03%
	R	A	0.03%
	NXST	D	0.03%
	FLS	D	0.03%
	ALSN	B	0.03%
	WSBC	D	0.03%
	VGR	B	0.03%
	OZK	D	0.03%
	CBT	B	0.03%
	DCI	C	0.03%
	AIT	A	0.03%
	GAP	F	0.03%
	OFG	C	0.03%
	ASB	D	0.03%
	WEN	C	0.03%
	BANR	B	0.03%
	KBH	A	0.03%
	REYN	C	0.03%
	SFNC	B	0.03%
	SR	B	0.03%
	AROC	D	0.03%
	ACT	B	0.03%
	MLI	B	0.03%
	MC	B	0.03%
	SCI	B	0.03%
	JWN	C	0.03%
	ALE	B	0.03%
	WAL	B	0.03%
	LECO	F	0.03%
	VLY	C	0.03%
	OGS	B	0.03%
	FBP	C	0.03%
	PFS	B	0.03%
	HOMB	B	0.03%
	CFR	C	0.03%
	GPK	B	0.03%
	PB	B	0.03%
	FIBK	B	0.03%
	RL	C	0.03%
	CCOI	C	0.03%
	PRI	B	0.03%
	POR	C	0.03%
	SON	C	0.03%
	ZION	D	0.03%
	TFSL	C	0.03%
	PATK	B	0.03%
	FLO	C	0.03%
	FAF	B	0.03%
	AWR	B	0.03%
	MTN	D	0.03%
	PAG	D	0.03%
	HLI	B	0.03%
	NFG	B	0.03%
	UI	B	0.03%
	SSD	D	0.02%
	SHOO	B	0.02%
	NSP	F	0.02%
	BYD	C	0.02%
	HTH	C	0.02%
	TTEK	C	0.02%
	AEO	F	0.02%
	IBTX	B	0.02%
	BCO	B	0.02%
	KFY	B	0.02%
	CAKE	D	0.02%
	LEA	F	0.02%
	M	F	0.02%
	MATX	B	0.02%
	BC	C	0.02%
	SEM	D	0.02%
	HAFC	C	0.02%
	AL	D	0.02%
	WSFS	D	0.02%
	WAFD	C	0.02%
	BKE	B	0.02%
	PFSI	C	0.02%
	RHI	D	0.02%
	BRKL	C	0.02%
	WMS	D	0.02%
	IDCC	C	0.02%
	BERY	B	0.02%
	CMC	D	0.02%
	SPB	C	0.02%
	FR	B	0.02%
	MWA	B	0.02%
	MGY	C	0.02%
	NBHC	D	0.02%
	UBSI	B	0.02%
	TKO	B	0.02%
	OTTR	F	0.02%
	MRTN	D	0.02%
	ARMK	B	0.02%
	PINC	C	0.02%
	VRTS	F	0.02%
	TRMK	C	0.02%
	BWA	D	0.02%
	CRC	C	0.02%
	OSK	F	0.02%
	KNTK	B	0.02%
	GNTX	F	0.02%
	BRC	C	0.02%
	IPAR	F	0.02%
	FCF	C	0.02%
	NYT	C	0.02%
	CWEN	C	0.02%
	EXP	B	0.02%
	ADTN	D	0.02%
	OCFC	B	0.02%
	CVBF	D	0.02%
	PEBO	C	0.02%
	XRAY	D	0.02%
	VIRT	C	0.02%
	FFBC	D	0.02%
	CVI	F	0.02%
	RHP	C	0.02%
	RRX	C	0.02%
	LPX	B	0.02%
	WWD	D	0.02%
	IDA	C	0.02%
	KMT	B	0.02%
	HNI	C	0.02%
	STC	B	0.02%
	BNL	B	0.02%
	FULT	D	0.02%
	HUN	D	0.02%
	NEU	D	0.02%
	GBCI	B	0.02%
	CBU	C	0.02%
	THO	D	0.02%
	TPG	B	0.02%
	NSA	B	0.02%
	IBOC	D	0.02%
	SLM	D	0.02%
	CADE	C	0.02%
	SBRA	C	0.02%
	PRGS	C	0.02%
	SSB	B	0.02%
	LCII	C	0.02%
	CBSH	C	0.02%
	ONB	C	0.02%
	FCPT	C	0.02%
	TRN	D	0.02%
	UFPI	C	0.02%
	EPR	B	0.02%
	ESI	D	0.02%
	LANC	D	0.02%
	RUSHA	C	0.02%
	VOYA	B	0.02%
	AWI	B	0.02%
	LSTR	D	0.02%
	TRST	C	0.02%
	CCS	B	0.02%
	NOG	D	0.02%
	TMP	C	0.02%
	TNL	D	0.02%
	KTB	B	0.02%
	QCRH	B	0.02%
	SWX	C	0.02%
	CASY	D	0.02%
	MUR	F	0.02%
	WH	B	0.02%
	AVNT	B	0.02%
	RGLD	C	0.02%
	CRI	D	0.02%
	FBMS	B	0.02%
	GEF	D	0.02%
	BUSE	C	0.02%
	GTY	B	0.02%
	SASR	B	0.02%
	STBA	B	0.02%
	STAG	C	0.02%
	CNO	B	0.02%
	ATR	B	0.02%
	CATY	C	0.02%
	HLNE	B	0.02%
	BWXT	D	0.02%
	MDU	C	0.02%
	NJR	B	0.02%
	BANF	B	0.02%
	BOKF	B	0.02%
	AVT	C	0.02%
	PII	D	0.02%
	CNS	B	0.02%
	SMG	C	0.02%
	NUS	F	0.01%
	CHCO	B	0.01%
	CABO	F	0.01%
	IIPR	B	0.01%
	HI	F	0.01%
	BGS	D	0.01%
	WMG	D	0.01%
	IRDM	D	0.01%
	DAN	F	0.01%
	UWMC	D	0.01%
	GBX	C	0.01%
	DK	F	0.01%
	LZB	C	0.01%
	BMI	A	0.01%
	AESI	C	0.01%
	PRDO	D	0.01%
	TEX	F	0.01%
	DLB	F	0.01%
	IBP	D	0.01%
	WINA	D	0.01%
	TOL	B	0.01%
	POWL	C	0.01%
	SCL	F	0.01%
	COKE	C	0.01%
	HEES	D	0.01%
	DLX	F	0.01%
	PBI	D	0.01%
	LXP	B	0.01%
	DIN	F	0.01%
	ENS	D	0.01%
	VSH	F	0.01%
	GES	F	0.01%
	WWW	B	0.01%
	PCH	C	0.01%
	AAON	B	0.01%
	WOR	D	0.01%
	MLKN	D	0.01%
	KNSL	C	0.01%
	MUSA	D	0.01%
	CHH	C	0.01%
	AGM	D	0.01%
	SFBS	B	0.01%
	OXM	F	0.01%
	SCS	D	0.01%
	BTU	D	0.01%
	WCC	D	0.01%
	MCRI	C	0.01%
	HXL	F	0.01%
	CRGY	D	0.01%
	KALU	F	0.01%
	ORA	C	0.01%
	FIX	B	0.01%
	GL	C	0.01%
	CHE	C	0.01%
	CWEN	C	0.01%
	ENR	D	0.01%
	KRO	D	0.01%
	COLD	D	0.01%
	GRNT	D	0.01%
	BRKR	D	0.01%
	SLGN	B	0.01%
	LBRT	D	0.01%
	MTDR	F	0.01%
	X	F	0.01%
	HMN	D	0.01%
	BLMN	F	0.01%
	PTVE	D	0.01%
	BOH	D	0.01%
	HP	F	0.01%
	RLI	B	0.01%
	AMSF	C	0.01%
	LEVI	C	0.01%
	KRC	C	0.01%
	BHE	D	0.01%
	COLM	C	0.01%
	UCBI	B	0.01%
	CC	F	0.01%
	ASH	D	0.01%
	SSBK	C	0.01%
	JBT	D	0.01%
	JJSF	C	0.01%
	EGBN	C	0.01%
	CNXC	F	0.01%
	MORN	C	0.01%
	VMI	D	0.01%
	AZZ	D	0.01%
	PNFP	B	0.01%
	HOG	C	0.01%
	SAFT	D	0.01%
	CACC	F	0.01%
	SIGI	D	0.01%
	WERN	D	0.01%
	CFFN	D	0.01%
	PFBC	D	0.01%
	UVV	D	0.01%
	WTFC	C	0.01%
	FG	D	0.01%
	OLED	C	0.01%
	NAVI	C	0.01%
	LEG	D	0.01%
	RRR	D	0.01%
	CHDN	C	0.01%
	AMKR	F	0.01%
	EGP	B	0.01%
	KBR	D	0.01%
	ABM	D	0.01%
	SRCE	D	0.01%
	WMK	C	0.01%
	PBF	F	0.01%
	CRS	B	0.01%
	EBC	B	0.01%
	CHX	F	0.01%
	SM	F	0.01%
	XRX	D	0.01%
	PDCO	F	0.01%
	PZZA	D	0.01%
	WDFC	C	0.01%
	KWR	D	0.01%
	MSBI	D	0.01%
	SNDR	B	0.01%
	EDR	A	0.01%
	RGP	F	0.01%
	FFIN	B	0.01%
	PHIN	B	0.01%
	VAC	F	0.01%
	DNB	C	0.01%
	PRK	C	0.01%
	TDS	C	0.01%
	UTZ	C	0.01%
	MMS	C	0.01%
	BKU	C	0.01%
	ZWS	A	0.01%
	CPK	B	0.01%
	GATX	D	0.01%
	WGO	D	0.01%
	SEB	D	0.01%
	GOLF	D	0.01%
	HTLF	B	0.01%
	MSA	D	0.01%
	STRA	F	0.01%
	IBKR	B	0.01%
	STEP	B	0.01%
	OLN	D	0.01%
	UMBF	B	0.01%
	KMPR	D	0.01%
	LAD	D	0.01%
	SYBT	A	0.01%
	HRI	D	0.01%
	FRME	D	0.01%
	MAN	C	0.01%
	SLG	C	0.01%
	MKSI	F	0.01%
	SKT	B	0.01%
	MGEE	B	0.01%
	KLG	C	0.01%
	RRC	D	0.01%
	EXPO	B	0.01%
	LFUS	C	0.01%
	BANC	B	0.01%
	SLVM	B	0.01%
	APOG	B	0.01%
	SXT	C	0.01%
	EPC	F	0.01%
	TPX	C	0.01%
	HWC	D	0.01%
	PR	F	0.01%
	ADC	C	0.01%
	KSS	F	0.01%
	THG	B	0.01%
	AGCO	D	0.01%
	WD	B	0.01%
	WHD	C	0.01%
	IOSP	D	0.01%
	UTL	C	0.01%
	SEE	D	0.01%
	SNX	D	0.01%
	UVSP	B	0.01%
	NOV	F	0.01%
	PTEN	F	0.01%
	RNST	D	0.01%
	MCY	D	0.01%
	MAC	B	0.0%
	POWI	F	0.0%
	KW	C	0.0%
	NWS	D	0.0%
	GTN	D	0.0%
	RELL	C	0.0%
	NFE	F	0.0%
	CWH	C	0.0%

DTD Underweight 195 Positions Relative to PBUS

	Symbol	Grade	Weight
	AMZN	C	-3.51%
	TSLA	C	-1.36%
	BRK.A	C	-1.27%
	NFLX	B	-0.61%
	ADBE	F	-0.53%
	AMD	D	-0.48%
	LIN	B	-0.47%
	ACN	C	-0.46%
	VZ	B	-0.38%
	NOW	B	-0.37%
	ISRG	B	-0.36%
	PFE	C	-0.35%
	NEE	C	-0.35%
	T	C	-0.32%
	UBER	C	-0.27%
	BSX	B	-0.26%
	REGN	C	-0.26%
	VRTX	D	-0.25%
	ETN	C	-0.24%
	MDT	C	-0.24%
	CB	B	-0.23%
	PANW	D	-0.23%
	BA	F	-0.2%
	MELI	B	-0.19%
	ANET	B	-0.18%
	INTC	F	-0.17%
	CMG	C	-0.16%
	TT	B	-0.16%
	CDNS	D	-0.15%
	PLTR	B	-0.15%
	SNPS	F	-0.15%
	MMM	B	-0.15%
	TDG	B	-0.15%
	ORLY	C	-0.14%
	PYPL	B	-0.14%
	AON	B	-0.14%
	MRVL	C	-0.13%
	GEV	B	-0.12%
	ADSK	C	-0.12%
	TFC	C	-0.12%
	SLB	F	-0.12%
	CRWD	D	-0.12%
	NXPI	F	-0.12%
	FCX	D	-0.12%
	NEM	B	-0.12%
	ABNB	D	-0.11%
	AZO	D	-0.11%
	WDAY	D	-0.11%
	JCI	B	-0.1%
	WCN	D	-0.1%
	FTNT	C	-0.1%
	IDXX	C	-0.09%
	ACGL	C	-0.09%
	KMI	B	-0.09%
	CPRT	D	-0.09%
	IQV	C	-0.09%
	TTD	B	-0.09%
	TEL	D	-0.09%
	FICO	B	-0.09%
	CBRE	A	-0.08%
	MNST	D	-0.08%
	CNC	D	-0.08%
	DASH	C	-0.08%
	RCL	B	-0.08%
	CTVA	B	-0.08%
	IT	B	-0.08%
	FLUT	B	-0.08%
	EW	F	-0.08%
	F	F	-0.08%
	ALNY	C	-0.07%
	CSGP	D	-0.07%
	SNOW	F	-0.07%
	VEEV	C	-0.07%
	SQ	D	-0.07%
	ANSS	D	-0.06%
	DXCM	F	-0.06%
	GRMN	D	-0.06%
	LULU	D	-0.06%
	NVR	B	-0.06%
	BIIB	F	-0.06%
	ON	D	-0.06%
	WTW	C	-0.06%
	COIN	F	-0.06%
	DDOG	D	-0.06%
	CHTR	D	-0.06%
	MTD	D	-0.06%
	SMCI	F	-0.05%
	NET	D	-0.05%
	DECK	C	-0.05%
	HUBS	D	-0.05%
	LYB	D	-0.05%
	STE	C	-0.05%
	TYL	C	-0.05%
	DVN	F	-0.05%
	TTWO	C	-0.05%
	KEYS	C	-0.05%
	AXON	B	-0.05%
	TEAM	D	-0.05%
	MRNA	F	-0.05%
	IFF	B	-0.05%
	ZBRA	B	-0.04%
	CTRA	F	-0.04%
	BURL	B	-0.04%
	EXPE	C	-0.04%
	PINS	F	-0.04%
	DG	F	-0.04%
	APP	C	-0.04%
	APTV	D	-0.04%
	AVTR	B	-0.04%
	ULTA	D	-0.04%
	CFG	C	-0.04%
	TRU	B	-0.04%
	HOLX	C	-0.04%
	WAT	C	-0.04%
	MOH	D	-0.04%
	EL	F	-0.04%
	PTC	D	-0.04%
	ILMN	C	-0.04%
	MKL	C	-0.04%
	BAX	C	-0.04%
	STX	C	-0.04%
	WDC	D	-0.04%
	MSTR	D	-0.04%
	TDY	B	-0.04%
	BLDR	C	-0.04%
	FSLR	C	-0.04%
	CPAY	B	-0.04%
	GDDY	C	-0.04%
	RBLX	B	-0.04%
	MDB	D	-0.04%
	KMX	D	-0.03%
	ALLE	B	-0.03%
	TRMB	C	-0.03%
	DLTR	F	-0.03%
	BG	D	-0.03%
	ZS	F	-0.03%
	ENPH	D	-0.03%
	PNR	B	-0.03%
	DT	C	-0.03%
	PSTG	F	-0.03%
	UTHR	C	-0.03%
	AKAM	D	-0.03%
	KEY	B	-0.03%
	LYV	B	-0.03%
	PODD	B	-0.03%
	DOC	C	-0.03%
	BMRN	F	-0.03%
	AMCR	B	-0.03%
	MANH	B	-0.03%
	ENTG	F	-0.03%
	WBD	D	-0.03%
	DKNG	C	-0.03%
	CCL	C	-0.03%
	ALGN	D	-0.03%
	EG	C	-0.03%
	VRSN	D	-0.03%
	ZM	C	-0.03%
	WYNN	D	-0.02%
	ROKU	C	-0.02%
	KNX	C	-0.02%
	MGM	F	-0.02%
	DVA	B	-0.02%
	TOST	C	-0.02%
	Z	B	-0.02%
	HSIC	C	-0.02%
	CNH	D	-0.02%
	SNAP	F	-0.02%
	DAY	D	-0.02%
	FOXA	B	-0.02%
	IOT	B	-0.02%
	CRL	F	-0.02%
	RIVN	F	-0.02%
	TWLO	D	-0.02%
	MTCH	C	-0.02%
	SOLV	C	-0.02%
	QRVO	F	-0.02%
	HOOD	C	-0.02%
	INCY	C	-0.02%
	RPRX	C	-0.02%
	CTLT	B	-0.02%
	EXAS	C	-0.02%
	BXP	B	-0.02%
	DOCU	C	-0.02%
	OKTA	F	-0.02%
	TFX	C	-0.02%
	AES	C	-0.02%
	NBIX	F	-0.02%
	FFIV	B	-0.02%
	EPAM	F	-0.02%
	CELH	F	-0.01%
	PARA	F	-0.01%
	H	C	-0.01%
	UHAL	A	-0.01%
	WBA	F	-0.01%
	BIO	C	-0.01%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Commercial Bank Insurance Products Plastic

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