PBP vs. GSLC ETF Comparison

Comparison of PowerShares S&P 500 BuyWrite Portfolio (PBP) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$23.15

Average Daily Volume

20,950

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$118.17

Average Daily Volume

217,813

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	PBP	GSLC
30 Days	1.82%	3.97%
60 Days	2.59%	5.37%
90 Days	4.17%	7.11%
12 Months	18.42%	33.60%

395 Overlapping Holdings

	Symbol	Grade	Weight in PBP	Weight in GSLC	Overlap
	A	D	0.08%	0.05%	0.05%
	AAPL	C	7.01%	6.24%	6.24%
	ABBV	D	0.61%	0.48%	0.48%
	ABT	B	0.4%	0.22%	0.22%
	ACGL	D	0.08%	0.15%	0.08%
	ACN	C	0.46%	0.45%	0.45%
	ADBE	C	0.47%	0.47%	0.47%
	ADI	D	0.21%	0.08%	0.08%
	ADM	D	0.05%	0.19%	0.05%
	ADP	B	0.25%	0.12%	0.12%
	ADSK	A	0.13%	0.2%	0.13%
	AEE	A	0.05%	0.02%	0.02%
	AEP	D	0.1%	0.04%	0.04%
	AFL	B	0.11%	0.12%	0.11%
	AIG	B	0.1%	0.16%	0.1%
	AJG	B	0.13%	0.15%	0.13%
	AKAM	D	0.03%	0.12%	0.03%
	ALGN	D	0.03%	0.07%	0.03%
	ALL	A	0.1%	0.11%	0.1%
	AMAT	F	0.31%	0.32%	0.31%
	AMD	F	0.45%	0.23%	0.23%
	AME	A	0.09%	0.1%	0.09%
	AMGN	D	0.32%	0.17%	0.17%
	AMP	A	0.11%	0.4%	0.11%
	AMT	D	0.18%	0.02%	0.02%
	AMZN	C	3.99%	3.38%	3.38%
	ANET	C	0.2%	0.17%	0.17%
	ANSS	B	0.06%	0.03%	0.03%
	AON	A	0.17%	0.12%	0.12%
	APH	A	0.18%	0.22%	0.18%
	ARE	D	0.03%	0.07%	0.03%
	ATO	A	0.05%	0.13%	0.05%
	AVB	B	0.07%	0.1%	0.07%
	AVGO	D	1.6%	1.14%	1.14%
	AVY	D	0.03%	0.15%	0.03%
	AXON	A	0.09%	0.09%	0.09%
	AXP	A	0.33%	0.3%	0.3%
	AZO	C	0.1%	0.22%	0.1%
	BAC	A	0.63%	0.41%	0.41%
	BBY	D	0.04%	0.21%	0.04%
	BDX	F	0.13%	0.07%	0.07%
	BG	F	0.03%	0.18%	0.03%
	BIIB	F	0.05%	0.12%	0.05%
	BK	A	0.12%	0.38%	0.12%
	BKNG	A	0.34%	0.5%	0.34%
	BLDR	D	0.04%	0.43%	0.04%
	BLK	C	0.29%	0.17%	0.17%
	BMY	B	0.24%	0.21%	0.21%
	BR	A	0.05%	0.16%	0.05%
	BRK.A	B	1.73%	1.15%	1.15%
	BRO	B	0.05%	0.17%	0.05%
	BSX	B	0.26%	0.24%	0.24%
	BX	A	0.26%	0.09%	0.09%
	C	A	0.26%	0.28%	0.26%
	CAG	D	0.03%	0.16%	0.03%
	CAH	B	0.06%	0.12%	0.06%
	CARR	D	0.13%	0.06%	0.06%
	CAT	B	0.38%	0.23%	0.23%
	CB	C	0.22%	0.21%	0.21%
	CBOE	B	0.04%	0.11%	0.04%
	CBRE	B	0.08%	0.06%	0.06%
	CCL	B	0.05%	0.19%	0.05%
	CDNS	B	0.17%	0.23%	0.17%
	CDW	F	0.05%	0.1%	0.05%
	CE	F	0.02%	0.08%	0.02%
	CEG	D	0.14%	0.11%	0.11%
	CF	B	0.03%	0.12%	0.03%
	CFG	B	0.04%	0.09%	0.04%
	CHD	B	0.05%	0.13%	0.05%
	CHTR	C	0.08%	0.13%	0.08%
	CI	F	0.18%	0.26%	0.18%
	CINF	A	0.05%	0.14%	0.05%
	CL	D	0.15%	0.4%	0.15%
	CLX	B	0.04%	0.18%	0.04%
	CMCSA	B	0.34%	0.29%	0.29%
	CME	A	0.16%	0.11%	0.11%
	CMG	B	0.17%	0.07%	0.07%
	CMI	A	0.1%	0.09%	0.09%
	CMS	C	0.04%	0.08%	0.04%
	CNC	D	0.06%	0.1%	0.06%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.14%	0.36%	0.14%
	COP	C	0.27%	0.1%	0.1%
	COR	B	0.09%	0.23%	0.09%
	COST	B	0.83%	0.84%	0.83%
	CPAY	A	0.05%	0.08%	0.05%
	CPRT	A	0.1%	0.06%	0.06%
	CRM	B	0.65%	0.48%	0.48%
	CRWD	B	0.16%	0.09%	0.09%
	CSCO	B	0.47%	0.32%	0.32%
	CSX	B	0.14%	0.06%	0.06%
	CTAS	B	0.15%	0.37%	0.15%
	CTRA	B	0.04%	0.04%	0.04%
	CTSH	B	0.08%	0.18%	0.08%
	CTVA	C	0.08%	0.03%	0.03%
	CVS	D	0.14%	0.18%	0.14%
	CVX	A	0.56%	0.2%	0.2%
	D	C	0.1%	0.03%	0.03%
	DAL	C	0.08%	0.14%	0.08%
	DE	A	0.2%	0.06%	0.06%
	DECK	A	0.05%	0.26%	0.05%
	DELL	C	0.08%	0.08%	0.08%
	DFS	B	0.09%	0.27%	0.09%
	DG	F	0.03%	0.1%	0.03%
	DGX	A	0.04%	0.17%	0.04%
	DHI	D	0.1%	0.14%	0.1%
	DHR	F	0.31%	0.15%	0.15%
	DIS	B	0.4%	0.19%	0.19%
	DLR	B	0.11%	0.04%	0.04%
	DLTR	F	0.03%	0.09%	0.03%
	DOV	A	0.06%	0.11%	0.06%
	DOW	F	0.06%	0.07%	0.06%
	DPZ	C	0.03%	0.21%	0.03%
	DRI	B	0.04%	0.09%	0.04%
	DTE	C	0.05%	0.04%	0.04%
	DUK	C	0.17%	0.1%	0.1%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	D	0.06%	0.02%	0.02%
	EA	A	0.08%	0.24%	0.08%
	EBAY	D	0.06%	0.1%	0.06%
	ECL	D	0.13%	0.09%	0.09%
	ED	D	0.07%	0.06%	0.06%
	EFX	F	0.07%	0.03%	0.03%
	EG	C	0.03%	0.1%	0.03%
	EIX	B	0.06%	0.04%	0.04%
	EL	F	0.03%	0.11%	0.03%
	ELV	F	0.19%	0.09%	0.09%
	EOG	A	0.16%	0.08%	0.08%
	EQIX	A	0.17%	0.02%	0.02%
	EQR	B	0.05%	0.08%	0.05%
	ESS	B	0.04%	0.06%	0.04%
	ETN	A	0.29%	0.14%	0.14%
	ETR	B	0.06%	0.07%	0.06%
	EVRG	A	0.03%	0.07%	0.03%
	EW	C	0.08%	0.07%	0.07%
	EXC	C	0.08%	0.04%	0.04%
	EXPD	D	0.03%	0.1%	0.03%
	EXPE	B	0.05%	0.18%	0.05%
	EXR	D	0.07%	0.03%	0.03%
	F	C	0.09%	0.17%	0.09%
	FANG	D	0.07%	0.02%	0.02%
	FAST	B	0.1%	0.36%	0.1%
	FDS	B	0.04%	0.12%	0.04%
	FDX	B	0.13%	0.1%	0.1%
	FE	C	0.04%	0.07%	0.04%
	FI	A	0.25%	0.27%	0.25%
	FICO	B	0.12%	0.49%	0.12%
	FIS	C	0.1%	0.06%	0.06%
	FITB	A	0.06%	0.05%	0.05%
	FTNT	C	0.12%	0.24%	0.12%
	FTV	C	0.05%	0.1%	0.05%
	GD	F	0.15%	0.14%	0.14%
	GDDY	A	0.05%	0.22%	0.05%
	GE	D	0.39%	0.29%	0.29%
	GEHC	F	0.08%	0.02%	0.02%
	GEN	B	0.03%	0.12%	0.03%
	GEV	B	0.18%	0.09%	0.09%
	GILD	C	0.23%	0.17%	0.17%
	GIS	D	0.07%	0.07%	0.07%
	GLW	B	0.07%	0.08%	0.07%
	GM	B	0.13%	0.03%	0.03%
	GOOGL	C	2.08%	1.88%	1.88%
	GPC	D	0.03%	0.04%	0.03%
	GPN	B	0.06%	0.08%	0.06%
	GRMN	B	0.07%	0.05%	0.05%
	GWW	B	0.11%	0.44%	0.11%
	HAL	C	0.05%	0.06%	0.05%
	HBAN	A	0.05%	0.05%	0.05%
	HCA	F	0.13%	0.12%	0.12%
	HD	A	0.81%	0.81%	0.81%
	HIG	B	0.07%	0.23%	0.07%
	HLT	A	0.12%	0.19%	0.12%
	HOLX	D	0.04%	0.17%	0.04%
	HON	B	0.3%	0.15%	0.15%
	HPE	B	0.06%	0.28%	0.06%
	HPQ	B	0.07%	0.08%	0.07%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.08%	0.05%
	HUM	C	0.07%	0.02%	0.02%
	HWM	A	0.09%	0.12%	0.09%
	IBM	C	0.39%	0.38%	0.38%
	ICE	C	0.18%	0.22%	0.18%
	IDXX	F	0.07%	0.29%	0.07%
	IEX	B	0.04%	0.15%	0.04%
	IFF	D	0.05%	0.03%	0.03%
	INTC	D	0.22%	0.06%	0.06%
	INTU	C	0.4%	0.26%	0.26%
	INVH	D	0.04%	0.07%	0.04%
	IP	B	0.04%	0.09%	0.04%
	IQV	D	0.07%	0.09%	0.07%
	IR	B	0.08%	0.11%	0.08%
	IRM	D	0.07%	0.13%	0.07%
	ISRG	A	0.39%	0.2%	0.2%
	IT	C	0.08%	0.21%	0.08%
	ITW	B	0.15%	0.22%	0.15%
	J	F	0.04%	0.07%	0.04%
	JBL	B	0.03%	0.13%	0.03%
	JCI	C	0.12%	0.06%	0.06%
	JKHY	D	0.03%	0.14%	0.03%
	JNJ	D	0.74%	0.62%	0.62%
	JPM	A	1.39%	1.16%	1.16%
	K	A	0.04%	0.06%	0.04%
	KDP	D	0.07%	0.08%	0.07%
	KEY	B	0.04%	0.02%	0.02%
	KEYS	A	0.05%	0.08%	0.05%
	KHC	F	0.06%	0.09%	0.06%
	KIM	A	0.03%	0.02%	0.02%
	KKR	A	0.21%	0.15%	0.15%
	KLAC	D	0.18%	0.16%	0.16%
	KMB	D	0.09%	0.15%	0.09%
	KMI	A	0.1%	0.26%	0.1%
	KO	D	0.49%	0.33%	0.33%
	KR	B	0.08%	0.38%	0.08%
	KVUE	A	0.09%	0.02%	0.02%
	L	A	0.03%	0.21%	0.03%
	LDOS	C	0.05%	0.22%	0.05%
	LEN	D	0.08%	0.28%	0.08%
	LH	C	0.04%	0.11%	0.04%
	LHX	C	0.1%	0.08%	0.08%
	LIN	D	0.44%	0.23%	0.23%
	LLY	F	1.25%	1.15%	1.15%
	LMT	D	0.23%	0.13%	0.13%
	LNT	A	0.03%	0.09%	0.03%
	LOW	D	0.31%	0.41%	0.31%
	LRCX	F	0.2%	0.24%	0.2%
	LVS	C	0.03%	0.02%	0.02%
	LYB	F	0.04%	0.13%	0.04%
	LYV	A	0.04%	0.03%	0.03%
	MA	C	0.87%	0.86%	0.86%
	MAA	B	0.04%	0.08%	0.04%
	MAR	B	0.13%	0.1%	0.1%
	MAS	D	0.03%	0.19%	0.03%
	MCD	D	0.43%	0.17%	0.17%
	MCHP	D	0.07%	0.07%	0.07%
	MCK	B	0.16%	0.19%	0.16%
	MCO	B	0.15%	0.33%	0.15%
	MDLZ	F	0.18%	0.09%	0.09%
	MDT	D	0.22%	0.09%	0.09%
	MET	A	0.1%	0.09%	0.09%
	META	D	2.55%	2.5%	2.5%
	MLM	B	0.07%	0.03%	0.03%
	MMC	B	0.22%	0.29%	0.22%
	MMM	D	0.15%	0.09%	0.09%
	MNST	C	0.08%	0.09%	0.08%
	MO	A	0.19%	0.18%	0.18%
	MPC	D	0.11%	0.19%	0.11%
	MPWR	F	0.06%	0.03%	0.03%
	MRK	F	0.5%	0.39%	0.39%
	MRO	B	0.03%	0.09%	0.03%
	MS	A	0.33%	0.25%	0.25%
	MSFT	F	6.41%	5.64%	5.64%
	MSI	B	0.17%	0.33%	0.17%
	MTB	A	0.07%	0.07%	0.07%
	MTD	D	0.05%	0.25%	0.05%
	MU	D	0.22%	0.07%	0.07%
	NDAQ	A	0.07%	0.09%	0.07%
	NDSN	B	0.03%	0.12%	0.03%
	NEE	D	0.31%	0.09%	0.09%
	NFLX	A	0.73%	0.4%	0.4%
	NI	A	0.03%	0.1%	0.03%
	NKE	D	0.18%	0.19%	0.18%
	NOC	D	0.14%	0.04%	0.04%
	NOW	A	0.43%	0.32%	0.32%
	NRG	B	0.04%	0.21%	0.04%
	NTAP	C	0.05%	0.14%	0.05%
	NTRS	A	0.04%	0.19%	0.04%
	NUE	C	0.07%	0.15%	0.07%
	NVDA	C	7.29%	6.37%	6.37%
	NVR	D	0.06%	0.11%	0.06%
	O	D	0.1%	0.05%	0.05%
	ODFL	B	0.09%	0.02%	0.02%
	OKE	A	0.13%	0.18%	0.13%
	OMC	C	0.04%	0.16%	0.04%
	ON	D	0.06%	0.08%	0.06%
	ORCL	B	0.6%	0.28%	0.28%
	ORLY	B	0.14%	0.28%	0.14%
	OTIS	C	0.08%	0.17%	0.08%
	OXY	D	0.07%	0.05%	0.05%
	PANW	C	0.26%	0.18%	0.18%
	PAYX	C	0.09%	0.07%	0.07%
	PCAR	B	0.12%	0.07%	0.07%
	PCG	A	0.09%	0.02%	0.02%
	PEG	A	0.09%	0.11%	0.09%
	PEP	F	0.46%	0.35%	0.35%
	PFE	D	0.3%	0.02%	0.02%
	PFG	D	0.04%	0.16%	0.04%
	PG	A	0.8%	0.6%	0.6%
	PGR	A	0.31%	0.21%	0.21%
	PH	A	0.18%	0.14%	0.14%
	PHM	D	0.05%	0.26%	0.05%
	PKG	A	0.04%	0.12%	0.04%
	PLTR	B	0.24%	0.03%	0.03%
	PM	B	0.4%	0.31%	0.31%
	PNC	B	0.17%	0.09%	0.09%
	PNR	A	0.04%	0.02%	0.02%
	PODD	C	0.04%	0.11%	0.04%
	POOL	C	0.03%	0.04%	0.03%
	PPG	F	0.06%	0.12%	0.06%
	PPL	B	0.05%	0.1%	0.05%
	PRU	A	0.09%	0.16%	0.09%
	PSA	D	0.11%	0.05%	0.05%
	PSX	C	0.11%	0.1%	0.1%
	PTC	A	0.05%	0.17%	0.05%
	PWR	A	0.1%	0.09%	0.09%
	PYPL	B	0.18%	0.1%	0.1%
	QCOM	F	0.37%	0.35%	0.35%
	RCL	A	0.11%	0.13%	0.11%
	REGN	F	0.17%	0.18%	0.17%
	RF	A	0.05%	0.05%	0.05%
	RJF	A	0.06%	0.13%	0.06%
	RMD	C	0.07%	0.02%	0.02%
	ROL	B	0.03%	0.13%	0.03%
	ROP	B	0.12%	0.25%	0.12%
	ROST	C	0.1%	0.07%	0.07%
	RSG	A	0.09%	0.22%	0.09%
	RTX	C	0.32%	0.2%	0.2%
	RVTY	F	0.03%	0.03%	0.03%
	SCHW	B	0.24%	0.03%	0.03%
	SHW	A	0.18%	0.21%	0.18%
	SLB	C	0.12%	0.03%	0.03%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	A	0.04%	0.1%	0.04%
	SNPS	B	0.17%	0.15%	0.15%
	SO	D	0.19%	0.08%	0.08%
	SPG	B	0.11%	0.09%	0.09%
	SPGI	C	0.33%	0.16%	0.16%
	SRE	A	0.12%	0.05%	0.05%
	STE	F	0.04%	0.08%	0.04%
	STLD	B	0.04%	0.05%	0.04%
	STT	A	0.06%	0.25%	0.06%
	STX	D	0.04%	0.05%	0.04%
	STZ	D	0.08%	0.09%	0.08%
	SWK	D	0.03%	0.11%	0.03%
	SWKS	F	0.03%	0.16%	0.03%
	SYF	B	0.05%	0.41%	0.05%
	SYK	C	0.27%	0.16%	0.16%
	SYY	B	0.07%	0.24%	0.07%
	T	A	0.32%	0.34%	0.32%
	TDG	D	0.14%	0.12%	0.12%
	TDY	B	0.05%	0.13%	0.05%
	TER	D	0.04%	0.07%	0.04%
	TFC	A	0.13%	0.02%	0.02%
	TGT	F	0.14%	0.24%	0.14%
	TJX	A	0.27%	0.39%	0.27%
	TMO	F	0.41%	0.22%	0.22%
	TMUS	B	0.24%	0.27%	0.24%
	TRGP	B	0.08%	0.13%	0.08%
	TRMB	B	0.04%	0.08%	0.04%
	TROW	B	0.05%	0.12%	0.05%
	TRV	B	0.12%	0.15%	0.12%
	TSCO	D	0.06%	0.18%	0.06%
	TSLA	B	1.75%	0.84%	0.84%
	TSN	B	0.04%	0.06%	0.04%
	TT	A	0.19%	0.16%	0.16%
	TTWO	A	0.06%	0.04%	0.04%
	TXN	C	0.38%	0.23%	0.23%
	TXT	D	0.03%	0.17%	0.03%
	TYL	B	0.05%	0.04%	0.04%
	UBER	D	0.3%	0.14%	0.14%
	ULTA	F	0.04%	0.25%	0.04%
	UNH	C	1.11%	0.82%	0.82%
	UNP	C	0.29%	0.04%	0.04%
	URI	B	0.12%	0.03%	0.03%
	USB	A	0.16%	0.06%	0.06%
	V	A	1.04%	0.83%	0.83%
	VICI	C	0.07%	0.1%	0.07%
	VLO	C	0.09%	0.18%	0.09%
	VLTO	D	0.05%	0.13%	0.05%
	VMC	B	0.08%	0.04%	0.04%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.37%	0.03%
	VRTX	F	0.25%	0.19%	0.19%
	VST	B	0.1%	0.29%	0.1%
	VTR	C	0.05%	0.04%	0.04%
	VTRS	A	0.03%	0.33%	0.03%
	VZ	C	0.35%	0.25%	0.25%
	WAB	B	0.07%	0.24%	0.07%
	WAT	B	0.04%	0.08%	0.04%
	WBD	C	0.04%	0.23%	0.04%
	WDC	D	0.04%	0.04%	0.04%
	WEC	A	0.06%	0.05%	0.05%
	WELL	A	0.16%	0.09%	0.09%
	WFC	A	0.5%	0.33%	0.33%
	WM	A	0.16%	0.14%	0.14%
	WMB	A	0.14%	0.23%	0.14%
	WMT	A	0.74%	0.93%	0.74%
	WRB	A	0.04%	0.07%	0.04%
	WTW	B	0.06%	0.08%	0.06%
	WY	D	0.05%	0.04%	0.04%
	XOM	B	1.08%	0.73%	0.73%
	XYL	D	0.06%	0.09%	0.06%
	YUM	B	0.08%	0.28%	0.08%
	ZBH	C	0.04%	0.11%	0.04%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.16%	0.11%	0.11%

PBP Overweight 104 Positions Relative to GSLC

	Symbol	Grade	Weight
	GOOG	C	1.72%
	GS	A	0.38%
	SBUX	A	0.23%
	PLD	D	0.21%
	UPS	C	0.2%
	BA	F	0.2%
	EMR	A	0.15%
	APD	A	0.14%
	FCX	D	0.13%
	NXPI	D	0.12%
	ABNB	C	0.12%
	NSC	B	0.12%
	MSCI	C	0.1%
	BKR	B	0.09%
	CCI	D	0.09%
	NEM	D	0.09%
	LULU	C	0.08%
	XEL	A	0.08%
	HES	B	0.08%
	ROK	B	0.07%
	DD	D	0.07%
	UAL	A	0.06%
	CSGP	D	0.06%
	SBAC	D	0.05%
	WST	C	0.05%
	SW	A	0.05%
	EQT	B	0.05%
	AWK	D	0.05%
	MOH	F	0.04%
	BALL	D	0.04%
	MKC	D	0.04%
	LUV	C	0.04%
	FSLR	F	0.04%
	ES	D	0.04%
	INCY	C	0.03%
	JNPR	F	0.03%
	CPT	B	0.03%
	CHRW	C	0.03%
	TPR	B	0.03%
	UDR	B	0.03%
	MRNA	F	0.03%
	EPAM	C	0.03%
	FFIV	B	0.03%
	APTV	D	0.03%
	AMCR	D	0.03%
	JBHT	C	0.03%
	DOC	D	0.03%
	BAX	D	0.03%
	HII	D	0.02%
	BWA	D	0.02%
	IVZ	B	0.02%
	MTCH	D	0.02%
	HAS	D	0.02%
	APA	D	0.02%
	MOS	F	0.02%
	CZR	F	0.02%
	HSIC	B	0.02%
	RL	B	0.02%
	FRT	B	0.02%
	ENPH	F	0.02%
	MGM	D	0.02%
	WYNN	D	0.02%
	CPB	D	0.02%
	AOS	F	0.02%
	HRL	D	0.02%
	TFX	F	0.02%
	SOLV	C	0.02%
	GL	B	0.02%
	AES	F	0.02%
	MKTX	D	0.02%
	CRL	C	0.02%
	LKQ	D	0.02%
	PNW	B	0.02%
	ERIE	D	0.02%
	CTLT	B	0.02%
	FOXA	B	0.02%
	IPG	D	0.02%
	PAYC	B	0.02%
	TAP	C	0.02%
	NWSA	B	0.02%
	AIZ	A	0.02%
	GNRC	B	0.02%
	TECH	D	0.02%
	BXP	D	0.02%
	LW	C	0.02%
	NCLH	B	0.02%
	EMN	D	0.02%
	SJM	D	0.02%
	UHS	D	0.02%
	ALB	C	0.02%
	REG	B	0.02%
	DAY	B	0.02%
	KMX	B	0.02%
	HST	C	0.02%
	ALLE	D	0.02%
	NWS	B	0.01%
	FOX	A	0.01%
	WBA	F	0.01%
	QRVO	F	0.01%
	BEN	C	0.01%
	PARA	C	0.01%
	FMC	D	0.01%
	DVA	B	0.01%
	MHK	D	0.01%

PBP Underweight 43 Positions Relative to GSLC

	Symbol	Grade	Weight
	TEAM	A	-0.3%
	APO	B	-0.3%
	MANH	D	-0.28%
	NTNX	A	-0.27%
	SSNC	B	-0.25%
	HUBS	A	-0.24%
	PINS	D	-0.23%
	PSTG	D	-0.19%
	LII	A	-0.19%
	ZM	B	-0.18%
	WSM	B	-0.17%
	APP	B	-0.17%
	RS	B	-0.16%
	MSTR	C	-0.16%
	GGG	B	-0.16%
	EME	C	-0.16%
	RPM	A	-0.15%
	OC	A	-0.14%
	VRT	B	-0.13%
	LPLA	A	-0.12%
	MKL	A	-0.11%
	FCNCA	A	-0.1%
	WPC	D	-0.1%
	CSL	C	-0.1%
	SUI	D	-0.08%
	ARES	A	-0.08%
	ALNY	D	-0.08%
	WSO	A	-0.07%
	AVTR	F	-0.07%
	DASH	A	-0.07%
	TOL	B	-0.07%
	COIN	C	-0.06%
	CVNA	B	-0.06%
	ILMN	D	-0.06%
	LNG	B	-0.05%
	WDAY	B	-0.05%
	TRU	D	-0.05%
	IBKR	A	-0.05%
	BURL	A	-0.05%
	FNF	B	-0.04%
	GWRE	A	-0.04%
	BAH	F	-0.04%
	TW	A	-0.02%

PBP: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail 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 Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

GSLC: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Utilities - Regulated Electric Diagnostics & Research Semiconductors Asset Management Banks - Regional - US Specialty Retail Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Medical Devices Software - Infrastructure Specialty Chemicals Aerospace & Defense Credit Services Household & Personal Products Oil & Gas E&P Discount Stores

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Electronics Bank Aerospace Banking Chemical Medicine Semiconductor Insurance Products Telecommunications IBD 50 Cloud Computing Real Estate Investment Trust Work From Home