PBUS vs. BND ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to Vanguard Total Bond Market ETF (BND)

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

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.59

Average Daily Volume

5,961,954

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	BND
30 Days	3.61%	-0.51%
60 Days	5.14%	-2.95%
90 Days	6.91%	-2.00%
12 Months	33.43%	6.10%

370 Overlapping Holdings

Symbol	Grade	Weight in PBUS	Weight in BND	Overlap
A	D	0.07%	0.01%	0.01%
AAPL	C	6.38%	0.01%	0.01%
ABBV	D	0.57%	0.01%	0.01%
ABT	B	0.38%	0.01%	0.01%
ACGL	D	0.07%	0.01%	0.01%
ADBE	C	0.45%	0.01%	0.01%
ADI	D	0.2%	0.01%	0.01%
ADM	D	0.05%	0.01%	0.01%
ADP	B	0.24%	0.01%	0.01%
ADSK	A	0.13%	0.01%	0.01%
AEE	A	0.05%	0.01%	0.01%
AEP	D	0.1%	0.01%	0.01%
AES	F	0.02%	0.01%	0.01%
AFG	A	0.02%	0.01%	0.01%
AFL	B	0.11%	0.01%	0.01%
AIG	B	0.1%	0.01%	0.01%
AIZ	A	0.02%	0.01%	0.01%
AJG	B	0.12%	0.01%	0.01%
ALB	C	0.02%	0.01%	0.01%
ALL	A	0.1%	0.01%	0.01%
ALLE	D	0.02%	0.01%	0.01%
ALLY	C	0.02%	0.01%	0.01%
AMAT	F	0.3%	0.01%	0.01%
AMCR	D	0.03%	0.01%	0.01%
AMGN	D	0.3%	0.01%	0.01%
AMH	D	0.02%	0.01%	0.01%
AMP	A	0.11%	0.01%	0.01%
AMT	D	0.17%	0.01%	0.01%
AMZN	C	3.8%	0.01%	0.01%
AON	A	0.14%	0.01%	0.01%
APD	A	0.13%	0.01%	0.01%
APH	A	0.17%	0.01%	0.01%
APO	B	0.13%	0.01%	0.01%
APTV	D	0.03%	0.01%	0.01%
ARE	D	0.03%	0.01%	0.01%
ATO	A	0.04%	0.01%	0.01%
AVB	B	0.06%	0.01%	0.01%
AVGO	D	1.45%	0.01%	0.01%
AVY	D	0.03%	0.01%	0.01%
AWK	D	0.05%	0.01%	0.01%
AXP	A	0.32%	0.01%	0.01%
AZO	C	0.1%	0.01%	0.01%
BA	F	0.19%	0.01%	0.01%
BAC	A	0.62%	0.01%	0.01%
BAX	D	0.03%	0.01%	0.01%
BBY	D	0.04%	0.01%	0.01%
BDX	F	0.13%	0.01%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.02%	0.01%	0.01%
BIIB	F	0.05%	0.01%	0.01%
BK	A	0.11%	0.01%	0.01%
BKNG	A	0.32%	0.01%	0.01%
BLK	C	0.3%	0.01%	0.01%
BMY	B	0.23%	0.01%	0.01%
BR	A	0.05%	0.01%	0.01%
BRO	B	0.05%	0.01%	0.01%
BSX	B	0.25%	0.01%	0.01%
BXP	D	0.02%	0.01%	0.01%
C	A	0.25%	0.01%	0.01%
CAG	D	0.03%	0.01%	0.01%
CAH	B	0.06%	0.01%	0.01%
CARR	D	0.12%	0.01%	0.01%
CAT	B	0.36%	0.01%	0.01%
CB	C	0.21%	0.01%	0.01%
CBOE	B	0.04%	0.01%	0.01%
CCI	D	0.09%	0.01%	0.01%
CDNS	B	0.16%	0.01%	0.01%
CE	F	0.02%	0.01%	0.01%
CF	B	0.03%	0.01%	0.01%
CFG	B	0.04%	0.01%	0.01%
CHD	B	0.05%	0.01%	0.01%
CHRW	C	0.02%	0.01%	0.01%
CHTR	C	0.07%	0.01%	0.01%
CI	F	0.18%	0.01%	0.01%
CINF	A	0.04%	0.01%	0.01%
CL	D	0.14%	0.01%	0.01%
CLX	B	0.04%	0.01%	0.01%
CMCSA	B	0.33%	0.01%	0.01%
CME	A	0.15%	0.01%	0.01%
CMI	A	0.1%	0.01%	0.01%
CMS	C	0.04%	0.01%	0.01%
CNH	C	0.02%	0.01%	0.01%
CNP	B	0.04%	0.01%	0.01%
COF	B	0.13%	0.01%	0.01%
COP	C	0.25%	0.01%	0.01%
COST	B	0.79%	0.01%	0.01%
CPB	D	0.02%	0.01%	0.01%
CPT	B	0.02%	0.01%	0.01%
CRM	B	0.62%	0.01%	0.01%
CSCO	B	0.45%	0.01%	0.01%
CSL	C	0.04%	0.01%	0.01%
CSX	B	0.13%	0.01%	0.01%
CTAS	B	0.15%	0.01%	0.01%
CTVA	C	0.08%	0.01%	0.01%
CVS	D	0.13%	0.01%	0.01%
CVX	A	0.54%	0.01%	0.01%
D	C	0.09%	0.01%	0.01%
DAL	C	0.02%	0.01%	0.01%
DD	D	0.07%	0.01%	0.01%
DE	A	0.2%	0.01%	0.01%
DELL	C	0.07%	0.01%	0.01%
DFS	B	0.08%	0.01%	0.01%
DG	F	0.03%	0.01%	0.01%
DGX	A	0.03%	0.01%	0.01%
DHI	D	0.09%	0.01%	0.01%
DHR	F	0.31%	0.01%	0.01%
DIS	B	0.38%	0.01%	0.01%
DLR	B	0.11%	0.01%	0.01%
DLTR	F	0.03%	0.01%	0.01%
DOC	D	0.03%	0.01%	0.01%
DOV	A	0.05%	0.01%	0.01%
DOW	F	0.06%	0.01%	0.01%
DRI	B	0.04%	0.01%	0.01%
DT	C	0.03%	0.01%	0.01%
DTE	C	0.05%	0.01%	0.01%
DUK	C	0.16%	0.01%	0.01%
DVN	F	0.05%	0.01%	0.01%
EA	A	0.08%	0.01%	0.01%
EBAY	D	0.06%	0.01%	0.01%
ECL	D	0.12%	0.01%	0.01%
ED	D	0.06%	0.01%	0.01%
EFX	F	0.06%	0.01%	0.01%
EG	C	0.03%	0.01%	0.01%
EIX	B	0.06%	0.01%	0.01%
EL	F	0.03%	0.01%	0.01%
EMN	D	0.02%	0.01%	0.01%
EMR	A	0.14%	0.01%	0.01%
EOG	A	0.15%	0.01%	0.01%
EQH	B	0.03%	0.01%	0.01%
EQIX	A	0.17%	0.01%	0.01%
EQR	B	0.05%	0.01%	0.01%
ES	D	0.04%	0.01%	0.01%
ESS	B	0.04%	0.01%	0.01%
ETN	A	0.28%	0.01%	0.01%
ETR	B	0.06%	0.01%	0.01%
EVRG	A	0.03%	0.01%	0.01%
EW	C	0.08%	0.01%	0.01%
EXC	C	0.07%	0.01%	0.01%
EXPE	B	0.04%	0.01%	0.01%
EXR	D	0.07%	0.01%	0.01%
FANG	D	0.07%	0.01%	0.01%
FDX	B	0.13%	0.01%	0.01%
FE	C	0.04%	0.01%	0.01%
FIS	C	0.09%	0.01%	0.01%
FITB	A	0.06%	0.01%	0.01%
FNF	B	0.03%	0.01%	0.01%
FOXA	B	0.02%	0.01%	0.01%
FTNT	C	0.12%	0.01%	0.01%
FTV	C	0.05%	0.01%	0.01%
GD	F	0.13%	0.01%	0.01%
GE	D	0.37%	0.01%	0.01%
GILD	C	0.22%	0.01%	0.01%
GIS	D	0.07%	0.01%	0.01%
GLPI	C	0.03%	0.01%	0.01%
GLW	B	0.07%	0.01%	0.01%
GM	B	0.13%	0.01%	0.01%
GOOGL	C	1.98%	0.01%	0.01%
GPC	D	0.03%	0.01%	0.01%
GPN	B	0.06%	0.01%	0.01%
GS	A	0.36%	0.01%	0.01%
GWW	B	0.1%	0.01%	0.01%
H	B	0.01%	0.01%	0.01%
HAL	C	0.05%	0.01%	0.01%
HBAN	A	0.05%	0.01%	0.01%
HCA	F	0.13%	0.01%	0.01%
HD	A	0.77%	0.01%	0.01%
HES	B	0.08%	0.01%	0.01%
HIG	B	0.07%	0.01%	0.01%
HII	D	0.01%	0.01%	0.01%
HON	B	0.29%	0.01%	0.01%
HPE	B	0.05%	0.01%	0.01%
HPQ	B	0.07%	0.01%	0.01%
HRL	D	0.02%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.05%	0.01%	0.01%
HUBB	B	0.05%	0.01%	0.01%
HUM	C	0.07%	0.01%	0.01%
IBM	C	0.37%	0.01%	0.01%
ICE	C	0.17%	0.01%	0.01%
IEX	B	0.03%	0.01%	0.01%
IFF	D	0.04%	0.01%	0.01%
ILMN	D	0.04%	0.01%	0.01%
INTC	D	0.2%	0.01%	0.01%
INTU	C	0.38%	0.01%	0.01%
INVH	D	0.04%	0.01%	0.01%
IP	B	0.04%	0.01%	0.01%
IPG	D	0.02%	0.01%	0.01%
ITW	B	0.16%	0.01%	0.01%
JBHT	C	0.03%	0.01%	0.01%
JBL	B	0.03%	0.01%	0.01%
JCI	C	0.11%	0.01%	0.01%
JNJ	D	0.7%	0.01%	0.01%
JNPR	F	0.02%	0.01%	0.01%
JPM	A	1.33%	0.01%	0.01%
K	A	0.04%	0.01%	0.01%
KDP	D	0.07%	0.01%	0.01%
KEY	B	0.03%	0.01%	0.01%
KEYS	A	0.05%	0.01%	0.01%
KIM	A	0.03%	0.01%	0.01%
KLAC	D	0.17%	0.01%	0.01%
KMB	D	0.09%	0.01%	0.01%
KMI	A	0.1%	0.01%	0.01%
KO	D	0.49%	0.01%	0.01%
KR	B	0.08%	0.01%	0.01%
L	A	0.03%	0.01%	0.01%
LDOS	C	0.04%	0.01%	0.01%
LEN	D	0.08%	0.01%	0.01%
LH	C	0.04%	0.01%	0.01%
LHX	C	0.09%	0.01%	0.01%
LII	A	0.04%	0.01%	0.01%
LIN	D	0.42%	0.01%	0.01%
LLY	F	1.22%	0.01%	0.01%
LMT	D	0.22%	0.01%	0.01%
LNT	A	0.03%	0.01%	0.01%
LOW	D	0.3%	0.01%	0.01%
LRCX	F	0.19%	0.01%	0.01%
LUV	C	0.01%	0.01%	0.01%
LVS	C	0.03%	0.01%	0.01%
LYB	F	0.04%	0.01%	0.01%
MA	C	0.83%	0.01%	0.01%
MAA	B	0.03%	0.01%	0.01%
MAR	B	0.13%	0.01%	0.01%
MAS	D	0.03%	0.01%	0.01%
MCD	D	0.41%	0.01%	0.01%
MCHP	D	0.07%	0.01%	0.01%
MCK	B	0.15%	0.01%	0.01%
MCO	B	0.15%	0.01%	0.01%
MDLZ	F	0.17%	0.01%	0.01%
MDT	D	0.21%	0.01%	0.01%
MET	A	0.1%	0.01%	0.01%
MKC	D	0.04%	0.01%	0.01%
MKL	A	0.04%	0.01%	0.01%
MLM	B	0.07%	0.01%	0.01%
MMC	B	0.21%	0.01%	0.01%
MMM	D	0.14%	0.01%	0.01%
MO	A	0.18%	0.01%	0.01%
MOS	F	0.02%	0.01%	0.01%
MPC	D	0.11%	0.01%	0.01%
MRK	F	0.48%	0.01%	0.01%
MRO	B	0.03%	0.01%	0.01%
MRVL	B	0.15%	0.01%	0.01%
MS	A	0.31%	0.01%	0.01%
MSFT	F	5.79%	0.01%	0.01%
MSI	B	0.16%	0.01%	0.01%
MTB	A	0.07%	0.01%	0.01%
MU	D	0.21%	0.01%	0.01%
NDAQ	A	0.06%	0.01%	0.01%
NEE	D	0.3%	0.01%	0.01%
NEM	D	0.09%	0.01%	0.01%
NI	A	0.03%	0.01%	0.01%
NKE	D	0.18%	0.01%	0.01%
NOC	D	0.13%	0.01%	0.01%
NOW	A	0.41%	0.01%	0.01%
NSC	B	0.11%	0.01%	0.01%
NTAP	C	0.05%	0.01%	0.01%
NTRS	A	0.04%	0.01%	0.01%
NUE	C	0.07%	0.01%	0.01%
NVDA	C	6.93%	0.01%	0.01%
NVR	D	0.05%	0.01%	0.01%
NXPI	D	0.11%	0.01%	0.01%
O	D	0.09%	0.01%	0.01%
OC	A	0.03%	0.01%	0.01%
OKE	A	0.12%	0.01%	0.01%
OMC	C	0.04%	0.01%	0.01%
ORCL	B	0.59%	0.01%	0.01%
ORLY	B	0.14%	0.01%	0.01%
OTIS	C	0.08%	0.01%	0.01%
PCAR	B	0.12%	0.01%	0.01%
PCG	A	0.08%	0.01%	0.01%
PEG	A	0.08%	0.01%	0.01%
PEP	F	0.44%	0.01%	0.01%
PFE	D	0.28%	0.01%	0.01%
PFG	D	0.04%	0.01%	0.01%
PG	A	0.76%	0.01%	0.01%
PGR	A	0.29%	0.01%	0.01%
PH	A	0.17%	0.01%	0.01%
PHM	D	0.05%	0.01%	0.01%
PKG	A	0.04%	0.01%	0.01%
PLD	D	0.2%	0.01%	0.01%
PM	B	0.38%	0.01%	0.01%
PNC	B	0.16%	0.01%	0.01%
PNR	A	0.03%	0.01%	0.01%
PPG	F	0.06%	0.01%	0.01%
PPL	B	0.05%	0.01%	0.01%
PRU	A	0.09%	0.01%	0.01%
PSA	D	0.1%	0.01%	0.01%
PSX	C	0.11%	0.01%	0.01%
PWR	A	0.09%	0.01%	0.01%
PYPL	B	0.16%	0.01%	0.01%
QCOM	F	0.35%	0.01%	0.01%
QRVO	F	0.01%	0.01%	0.01%
REG	B	0.02%	0.01%	0.01%
REGN	F	0.16%	0.01%	0.01%
RF	A	0.05%	0.01%	0.01%
RJF	A	0.06%	0.01%	0.01%
ROK	B	0.06%	0.01%	0.01%
ROP	B	0.12%	0.01%	0.01%
ROST	C	0.09%	0.01%	0.01%
RPM	A	0.03%	0.01%	0.01%
RPRX	D	0.02%	0.01%	0.01%
RS	B	0.03%	0.01%	0.01%
RSG	A	0.09%	0.01%	0.01%
RTX	C	0.3%	0.01%	0.01%
SBUX	A	0.22%	0.01%	0.01%
SCHW	B	0.23%	0.01%	0.01%
SHW	A	0.18%	0.01%	0.01%
SJM	D	0.02%	0.01%	0.01%
SLB	C	0.12%	0.01%	0.01%
SNA	A	0.04%	0.01%	0.01%
SO	D	0.18%	0.01%	0.01%
SPG	B	0.11%	0.01%	0.01%
SPGI	C	0.31%	0.01%	0.01%
SRE	A	0.11%	0.01%	0.01%
STE	F	0.04%	0.01%	0.01%
STLD	B	0.04%	0.01%	0.01%
STT	A	0.05%	0.01%	0.01%
STZ	D	0.08%	0.01%	0.01%
SUI	D	0.03%	0.01%	0.01%
SWK	D	0.02%	0.01%	0.01%
SWKS	F	0.03%	0.01%	0.01%
SYF	B	0.05%	0.01%	0.01%
SYK	C	0.25%	0.01%	0.01%
SYY	B	0.07%	0.01%	0.01%
T	A	0.31%	0.01%	0.01%
TAP	C	0.02%	0.01%	0.01%
TDY	B	0.04%	0.01%	0.01%
TFC	A	0.12%	0.01%	0.01%
TGT	F	0.14%	0.01%	0.01%
TJX	A	0.26%	0.01%	0.01%
TMO	F	0.39%	0.01%	0.01%
TMUS	B	0.24%	0.01%	0.01%
TRMB	B	0.03%	0.01%	0.01%
TRV	B	0.11%	0.01%	0.01%
TSCO	D	0.06%	0.01%	0.01%
TSN	B	0.04%	0.01%	0.01%
TT	A	0.18%	0.01%	0.01%
TXN	C	0.36%	0.01%	0.01%
TXT	D	0.03%	0.01%	0.01%
UDR	B	0.03%	0.01%	0.01%
UHS	D	0.02%	0.01%	0.01%
UNH	C	1.05%	0.01%	0.01%
UNP	C	0.28%	0.01%	0.01%
UPS	C	0.19%	0.01%	0.01%
USB	A	0.15%	0.01%	0.01%
V	A	0.93%	0.01%	0.01%
VLO	C	0.09%	0.01%	0.01%
VMC	B	0.07%	0.01%	0.01%
VRSK	A	0.08%	0.01%	0.01%
VRSN	F	0.03%	0.01%	0.01%
VTR	C	0.05%	0.01%	0.01%
VTRS	A	0.03%	0.01%	0.01%
VZ	C	0.33%	0.01%	0.01%
WAB	B	0.07%	0.01%	0.01%
WBA	F	0.01%	0.01%	0.01%
WEC	A	0.06%	0.01%	0.01%
WELL	A	0.15%	0.01%	0.01%
WFC	A	0.49%	0.01%	0.01%
WLK	D	0.01%	0.01%	0.01%
WM	A	0.17%	0.01%	0.01%
WMB	A	0.13%	0.01%	0.01%
WMT	A	0.72%	0.01%	0.01%
WPC	D	0.02%	0.01%	0.01%
WRB	A	0.04%	0.01%	0.01%
WTRG	B	0.02%	0.01%	0.01%
WY	D	0.04%	0.01%	0.01%
XEL	A	0.07%	0.01%	0.01%
XOM	B	1.04%	0.01%	0.01%
XYL	D	0.06%	0.01%	0.01%
ZBH	C	0.04%	0.01%	0.01%
ZTS	D	0.15%	0.01%	0.01%

PBUS Overweight 214 Positions Relative to BND

Symbol	Grade	Weight
META	D	2.43%
GOOG	C	1.72%
TSLA	B	1.71%
BRK.A	B	1.19%
NFLX	A	0.69%
ACN	C	0.44%
AMD	F	0.43%
ISRG	A	0.37%
UBER	D	0.26%
BX	A	0.25%
FI	A	0.24%
VRTX	F	0.24%
PANW	C	0.24%
PLTR	B	0.23%
ANET	C	0.2%
KKR	A	0.18%
ELV	F	0.18%
GEV	B	0.17%
CMG	B	0.16%
SNPS	B	0.16%
MELI	D	0.16%
CRWD	B	0.15%
CEG	D	0.14%
TDG	D	0.14%
FCX	D	0.12%
HLT	A	0.12%
TTD	B	0.11%
RCL	A	0.11%
URI	B	0.11%
WDAY	B	0.11%
APP	B	0.11%
FICO	B	0.11%
ABNB	C	0.11%
CPRT	A	0.1%
MSTR	C	0.1%
COIN	C	0.1%
DASH	A	0.1%
AME	A	0.09%
KVUE	A	0.09%
SQ	B	0.09%
FAST	B	0.09%
PAYX	C	0.09%
WCN	A	0.09%
FLUT	A	0.09%
MSCI	C	0.09%
VST	B	0.09%
LNG	B	0.09%
CTSH	B	0.08%
TEAM	A	0.08%
TRGP	B	0.08%
CBRE	B	0.08%
MNST	C	0.08%
IT	C	0.08%
IR	B	0.08%
VRT	B	0.08%
BKR	B	0.08%
AXON	A	0.08%
COR	B	0.08%
F	C	0.08%
HWM	A	0.08%
ODFL	B	0.08%
IDXX	F	0.07%
VEEV	C	0.07%
GEHC	F	0.07%
DDOG	A	0.07%
IQV	D	0.07%
LULU	C	0.07%
YUM	B	0.07%
SNOW	C	0.07%
KHC	F	0.06%
ON	D	0.06%
ANSS	B	0.06%
DXCM	D	0.06%
TTWO	A	0.06%
CSGP	D	0.06%
CNC	D	0.06%
ARES	A	0.06%
GRMN	B	0.06%
WTW	B	0.06%
ALNY	D	0.06%
IRM	D	0.06%
HUBS	A	0.06%
VICI	C	0.06%
OXY	D	0.06%
RMD	C	0.06%
EQT	B	0.05%
CDW	F	0.05%
CCL	B	0.05%
WST	C	0.05%
RBLX	C	0.05%
CPAY	A	0.05%
VLTO	D	0.05%
TYL	B	0.05%
GDDY	A	0.05%
SW	A	0.05%
TROW	B	0.05%
DECK	A	0.05%
MPWR	F	0.05%
MTD	D	0.05%
NET	B	0.05%
TPL	A	0.05%
HOLX	D	0.04%
WSO	A	0.04%
FDS	B	0.04%
CTRA	B	0.04%
ZS	C	0.04%
NRG	B	0.04%
BALL	D	0.04%
STX	D	0.04%
ZBRA	B	0.04%
TRU	D	0.04%
FSLR	F	0.04%
BAH	F	0.04%
WDC	D	0.04%
ZM	B	0.04%
LYV	A	0.04%
FCNCA	A	0.04%
MDB	C	0.04%
BLDR	D	0.04%
PTC	A	0.04%
WAT	B	0.04%
EME	C	0.04%
WBD	C	0.04%
LPLA	A	0.04%
SBAC	D	0.04%
MRNA	F	0.03%
AKAM	D	0.03%
POOL	C	0.03%
AVTR	F	0.03%
NDSN	B	0.03%
ROL	B	0.03%
EPAM	C	0.03%
FFIV	B	0.03%
ACM	A	0.03%
RVTY	F	0.03%
TOST	B	0.03%
TW	A	0.03%
ENTG	D	0.03%
DPZ	C	0.03%
GGG	B	0.03%
PSTG	D	0.03%
HEI	B	0.03%
ALGN	D	0.03%
TWLO	A	0.03%
UTHR	C	0.03%
SSNC	B	0.03%
DOCU	A	0.03%
TER	D	0.03%
HOOD	B	0.03%
GEN	B	0.03%
WSM	B	0.03%
EXPD	D	0.03%
MANH	D	0.03%
PINS	D	0.03%
BURL	A	0.03%
J	F	0.03%
ULTA	F	0.03%
PODD	C	0.03%
DKNG	B	0.03%
MOH	F	0.03%
MTCH	D	0.02%
CHRD	D	0.02%
DVA	B	0.02%
CRBG	B	0.02%
APA	D	0.02%
TTC	D	0.02%
HSIC	B	0.02%
AOS	F	0.02%
TFX	F	0.02%
ENPH	F	0.02%
SEIC	B	0.02%
MGM	D	0.02%
KNX	B	0.02%
EXAS	D	0.02%
ROKU	D	0.02%
WYNN	D	0.02%
SMCI	F	0.02%
FBIN	D	0.02%
CRL	C	0.02%
MKTX	D	0.02%
SOLV	C	0.02%
IOT	A	0.02%
LKQ	D	0.02%
CTLT	B	0.02%
CCK	C	0.02%
ERIE	D	0.02%
NWSA	B	0.02%
PAYC	B	0.02%
TECH	D	0.02%
SNAP	C	0.02%
Z	A	0.02%
LW	C	0.02%
DKS	C	0.02%
HEI	B	0.02%
KMX	B	0.02%
CG	A	0.02%
OVV	B	0.02%
NBIX	C	0.02%
DAY	B	0.02%
BMRN	D	0.02%
OKTA	C	0.02%
JKHY	D	0.02%
ELS	C	0.02%
INCY	C	0.02%
CELH	F	0.01%
UHAL	D	0.01%
FOX	A	0.01%
BBWI	D	0.01%
PARA	C	0.01%
DINO	D	0.01%
ACI	C	0.01%
RIVN	F	0.01%
BIO	D	0.01%
BSY	D	0.01%

PBUS Underweight 175 Positions Relative to BND

Symbol	Grade	Weight
WIT	A	-0.09%
LXP	D	-0.01%
PAA	B	-0.01%
NFG	A	-0.01%
OSK	B	-0.01%
ORI	A	-0.01%
OCSL	F	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
MCY	A	-0.01%
PDM	D	-0.01%
GSBD	F	-0.01%
HUN	F	-0.01%
HRB	D	-0.01%
HPP	F	-0.01%
INGR	B	-0.01%
JBLU	F	-0.01%
ET	A	-0.01%
FSK	A	-0.01%
CAF	D	-0.01%
BWA	D	-0.01%
FHN	A	-0.01%
CUBE	D	-0.01%
FAF	A	-0.01%
FLEX	A	-0.01%
DSS	F	-0.01%
COKE	C	-0.01%
AL	B	-0.01%
AYI	B	-0.01%
AWH	F	-0.01%
CM	A	-0.01%
AVA	A	-0.01%
AER	B	-0.01%
CHI	A	-0.01%
BKH	A	-0.01%
BIDU	F	-0.01%
BHF	B	-0.01%
BERY	B	-0.01%
CP	D	-0.01%
COO	D	-0.01%
THG	A	-0.01%
TEL	B	-0.01%
ZION	B	-0.01%
TME	D	-0.01%
NOV	C	-0.01%
NNN	D	-0.01%
OHI	C	-0.01%
OGS	A	-0.01%
OGE	B	-0.01%
LEA	D	-0.01%
MPLX	A	-0.01%
IVZ	B	-0.01%
JLL	D	-0.01%
GL	B	-0.01%
JHG	A	-0.01%
JEF	A	-0.01%
JD	D	-0.01%
KMT	B	-0.01%
KMPR	B	-0.01%
GBDC	C	-0.01%
UNM	A	-0.01%
WB	D	-0.01%
UBS	C	-0.01%
VNT	B	-0.01%
WTFC	A	-0.01%
R	B	-0.01%
SLG	B	-0.01%
SKT	B	-0.01%
SITC	D	-0.01%
RL	B	-0.01%
RIV	D	-0.01%
SCS	C	-0.01%
RGA	A	-0.01%
REXR	F	-0.01%
SAVE	D	-0.01%
SAFE	D	-0.01%
SON	D	-0.01%
SNX	C	-0.01%
SNV	B	-0.01%
NHI	D	-0.01%
NEU	C	-0.01%
LNC	B	-0.01%
MHK	D	-0.01%
NVT	B	-0.01%
GP	F	-0.01%
HR	C	-0.01%
HP	B	-0.01%
HOG	D	-0.01%
HIW	D	-0.01%
HAS	D	-0.01%
GXO	B	-0.01%
ESGR	B	-0.01%
EPRT	B	-0.01%
EPR	D	-0.01%
FRT	B	-0.01%
BRX	A	-0.01%
AAT	B	-0.01%
AAP	C	-0.01%
PECO	A	-0.01%
EE	A	-0.01%
DXC	B	-0.01%
CTS	C	-0.01%
FMC	D	-0.01%
FLS	B	-0.01%
FLO	D	-0.01%
DOX	D	-0.01%
BC	C	-0.01%
COE	D	-0.01%
CNO	A	-0.01%
CNA	B	-0.01%
AXS	A	-0.01%
AVT	C	-0.01%
CMA	A	-0.01%
AGR	B	-0.01%
AGO	B	-0.01%
CHH	A	-0.01%
BMO	A	-0.01%
ARW	D	-0.01%
ADC	B	-0.01%
ARCC	A	-0.01%
CBT	C	-0.01%
AN	C	-0.01%
CACC	D	-0.01%
BDN	C	-0.01%
BCSF	C	-0.01%
AMG	B	-0.01%
AAL	B	-0.01%
XRAY	F	-0.01%
TKR	D	-0.01%
OPI	F	-0.01%
LEG	F	-0.01%
LAZ	B	-0.01%
MP	B	-0.01%
KEX	C	-0.01%
KSS	F	-0.01%
KRG	B	-0.01%
KRC	C	-0.01%
KOF	F	-0.01%
WBS	A	-0.01%
TSLX	C	-0.01%
SWX	B	-0.01%
VOYA	B	-0.01%
VNO	B	-0.01%
VMI	B	-0.01%
STLA	F	-0.01%
WU	D	-0.01%
WEST	C	-0.01%
VFC	C	-0.01%
WHR	B	-0.01%
PNW	B	-0.01%
RYN	D	-0.01%
SIGI	C	-0.01%
RNR	C	-0.01%
SF	B	-0.01%
PSEC	D	-0.01%
SBRA	C	-0.01%
PRE	D	-0.01%
MAIN	A	-0.01%
UAL	A	-0.01%
RY	A	-0.01%
SCCO	F	-0.01%
BHP	F	-0.01%
DB	D	-0.01%
EDC	F	-0.01%
GSK	F	-0.01%
EPD	A	-0.01%
BNS	A	-0.01%
EQNR	D	-0.01%
BABA	D	-0.01%
VOD	F	-0.01%
AZN	D	-0.01%
NWG	C	-0.01%
MUFG	B	-0.01%
TD	F	-0.01%
HSBC	B	-0.01%