PBUS vs. CRBN ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

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

$59.97

Average Daily Volume

175,564

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$198.12

Average Daily Volume

7,608

Number of Holdings ^*

400

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	CRBN
30 Days	2.50%	0.14%
60 Days	7.04%	4.01%
90 Days	10.74%	5.98%
12 Months	35.46%	28.86%

376 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in CRBN	Overlap
	A	F	0.08%	0.05%	0.05%
	AAPL	C	6.44%	4.25%	4.25%
	ABBV	D	0.7%	0.51%	0.51%
	ABNB	C	0.12%	0.12%	0.12%
	ABT	C	0.41%	0.08%	0.08%
	ACGL	D	0.07%	0.07%	0.07%
	ACM	B	0.03%	0.03%	0.03%
	ACN	C	0.43%	0.29%	0.29%
	ADBE	C	0.43%	0.27%	0.27%
	ADI	F	0.21%	0.18%	0.18%
	ADP	A	0.24%	0.24%	0.24%
	ADSK	A	0.12%	0.06%	0.06%
	AFG	A	0.02%	0.01%	0.01%
	AFL	C	0.11%	0.17%	0.11%
	AIG	B	0.1%	0.05%	0.05%
	AIZ	A	0.02%	0.01%	0.01%
	AJG	A	0.12%	0.03%	0.03%
	AKAM	F	0.03%	0.06%	0.03%
	ALB	B	0.02%	0.01%	0.01%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.03%	0.03%
	ALLE	D	0.03%	0.03%	0.03%
	AMAT	F	0.31%	0.12%	0.12%
	AMD	F	0.45%	0.32%	0.32%
	AME	A	0.08%	0.31%	0.08%
	AMGN	F	0.34%	0.26%	0.26%
	AMP	A	0.1%	0.05%	0.05%
	AMT	F	0.2%	0.13%	0.13%
	AMZN	A	3.7%	2.48%	2.48%
	ANET	C	0.21%	0.17%	0.17%
	ANSS	B	0.05%	0.04%	0.04%
	AON	A	0.14%	0.1%	0.1%
	APH	B	0.17%	0.19%	0.17%
	APO	B	0.12%	0.09%	0.09%
	APP	B	0.07%	0.07%	0.07%
	ARE	F	0.03%	0.01%	0.01%
	AVB	A	0.06%	0.04%	0.04%
	AVGO	C	1.52%	1.09%	1.09%
	AWK	D	0.05%	0.2%	0.05%
	AXON	B	0.06%	0.24%	0.06%
	AXP	B	0.31%	0.24%	0.24%
	BAC	A	0.58%	0.39%	0.39%
	BAH	C	0.05%	0.03%	0.03%
	BAX	F	0.04%	0.0%	0.0%
	BBWI	C	0.01%	0.01%	0.01%
	BDX	D	0.14%	0.1%	0.1%
	BEN	C	0.01%	0.0%	0.0%
	BIIB	F	0.05%	0.03%	0.03%
	BK	B	0.11%	0.12%	0.11%
	BKNG	A	0.33%	0.23%	0.23%
	BKR	B	0.08%	0.38%	0.08%
	BMY	B	0.22%	0.22%	0.22%
	BR	A	0.05%	0.07%	0.05%
	BRK.A	B	1.17%	0.63%	0.63%
	BRO	A	0.05%	0.02%	0.02%
	BSX	A	0.25%	0.19%	0.19%
	BX	A	0.24%	0.14%	0.14%
	BXP	D	0.02%	0.03%	0.02%
	C	A	0.24%	0.23%	0.23%
	CB	C	0.21%	0.23%	0.21%
	CBOE	D	0.04%	0.03%	0.03%
	CCI	F	0.09%	0.08%	0.08%
	CDNS	B	0.16%	0.09%	0.09%
	CDW	F	0.05%	0.04%	0.04%
	CEG	D	0.15%	0.04%	0.04%
	CELH	F	0.01%	0.01%	0.01%
	CFG	B	0.04%	0.03%	0.03%
	CHD	B	0.05%	0.06%	0.05%
	CHTR	B	0.07%	0.09%	0.07%
	CI	D	0.18%	0.11%	0.11%
	CINF	A	0.04%	0.0%	0.0%
	CL	F	0.15%	0.13%	0.13%
	CMCSA	B	0.33%	0.29%	0.29%
	CME	A	0.16%	0.12%	0.12%
	CMG	B	0.15%	0.13%	0.13%
	CNC	F	0.07%	0.01%	0.01%
	COF	B	0.13%	0.08%	0.08%
	COIN	B	0.07%	0.07%	0.07%
	COST	B	0.78%	0.28%	0.28%
	CPAY	A	0.04%	0.06%	0.04%
	CPRT	A	0.09%	0.1%	0.09%
	CRL	C	0.02%	0.01%	0.01%
	CRM	B	0.57%	0.37%	0.37%
	CRWD	B	0.14%	0.07%	0.07%
	CSCO	A	0.45%	0.42%	0.42%
	CSGP	D	0.06%	0.04%	0.04%
	CSX	B	0.13%	0.13%	0.13%
	CTAS	A	0.15%	0.16%	0.15%
	CTLT	D	0.02%	0.0%	0.0%
	CTSH	A	0.07%	0.07%	0.07%
	CTVA	C	0.09%	0.12%	0.09%
	CVS	F	0.14%	0.04%	0.04%
	DASH	A	0.1%	0.08%	0.08%
	DAY	C	0.02%	0.03%	0.02%
	DDOG	B	0.07%	0.03%	0.03%
	DE	D	0.21%	0.04%	0.04%
	DECK	B	0.05%	0.03%	0.03%
	DFS	B	0.07%	0.06%	0.06%
	DG	F	0.04%	0.04%	0.04%
	DGX	A	0.03%	0.06%	0.03%
	DHR	F	0.33%	0.23%	0.23%
	DIS	B	0.35%	0.23%	0.23%
	DKNG	B	0.03%	0.03%	0.03%
	DLR	C	0.12%	0.06%	0.06%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	C	0.03%	0.01%	0.01%
	DOCU	B	0.03%	0.01%	0.01%
	DRI	B	0.04%	0.0%	0.0%
	DVA	C	0.02%	0.03%	0.02%
	DXCM	C	0.05%	0.04%	0.04%
	EA	A	0.08%	0.08%	0.08%
	EBAY	C	0.06%	0.1%	0.06%
	ECL	C	0.13%	0.17%	0.13%
	ED	D	0.07%	0.06%	0.06%
	EFX	D	0.07%	0.09%	0.07%
	EG	D	0.03%	0.02%	0.02%
	EIX	C	0.06%	0.2%	0.06%
	EL	F	0.03%	0.04%	0.03%
	ELV	F	0.19%	0.13%	0.13%
	EMR	A	0.13%	0.05%	0.05%
	ENPH	F	0.02%	0.01%	0.01%
	ENTG	D	0.03%	0.02%	0.02%
	EPAM	B	0.02%	0.02%	0.02%
	EQH	B	0.03%	0.1%	0.03%
	EQIX	B	0.17%	0.11%	0.11%
	EQR	C	0.05%	0.03%	0.03%
	ERIE	F	0.02%	0.01%	0.01%
	ES	D	0.04%	0.11%	0.04%
	ESS	C	0.04%	0.01%	0.01%
	ETN	A	0.27%	0.19%	0.19%
	EW	D	0.08%	0.06%	0.06%
	EXAS	F	0.03%	0.01%	0.01%
	EXC	C	0.08%	0.03%	0.03%
	EXR	D	0.07%	0.05%	0.05%
	FAST	A	0.09%	0.15%	0.09%
	FCNCA	B	0.04%	0.05%	0.04%
	FCX	F	0.13%	0.23%	0.13%
	FFIV	A	0.03%	0.09%	0.03%
	FI	A	0.24%	0.23%	0.23%
	FICO	B	0.1%	0.05%	0.05%
	FIS	B	0.1%	0.08%	0.08%
	FITB	A	0.06%	0.02%	0.02%
	FNF	C	0.03%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.1%	0.06%	0.06%
	FTV	D	0.05%	0.16%	0.05%
	GDDY	A	0.05%	0.02%	0.02%
	GEN	A	0.03%	0.08%	0.03%
	GGG	B	0.03%	0.14%	0.03%
	GILD	C	0.22%	0.2%	0.2%
	GIS	F	0.08%	0.01%	0.01%
	GLPI	D	0.03%	0.02%	0.02%
	GOOG	B	1.71%	1.11%	1.11%
	GOOGL	B	1.97%	1.39%	1.39%
	GPN	B	0.05%	0.07%	0.05%
	GRMN	A	0.06%	0.13%	0.06%
	GS	B	0.34%	0.28%	0.28%
	GWW	B	0.1%	0.04%	0.04%
	HAL	C	0.05%	0.43%	0.05%
	HCA	D	0.14%	0.12%	0.12%
	HD	B	0.79%	0.56%	0.56%
	HIG	C	0.07%	0.06%	0.06%
	HLT	A	0.12%	0.09%	0.09%
	HOOD	B	0.03%	0.02%	0.02%
	HST	C	0.02%	0.05%	0.02%
	HSY	D	0.05%	0.04%	0.04%
	HUBB	B	0.05%	0.11%	0.05%
	HUBS	B	0.05%	0.01%	0.01%
	HUM	D	0.06%	0.04%	0.04%
	IBM	C	0.38%	0.33%	0.33%
	ICE	D	0.18%	0.11%	0.11%
	IDXX	D	0.07%	0.06%	0.06%
	IEX	B	0.03%	0.16%	0.03%
	ILMN	C	0.05%	0.02%	0.02%
	INTC	C	0.2%	0.16%	0.16%
	INTU	A	0.34%	0.23%	0.23%
	INVH	D	0.04%	0.02%	0.02%
	IOT	B	0.02%	0.0%	0.0%
	IPG	F	0.02%	0.01%	0.01%
	IQV	F	0.08%	0.08%	0.08%
	IR	A	0.08%	0.23%	0.08%
	IRM	D	0.07%	0.06%	0.06%
	ISRG	A	0.36%	0.25%	0.25%
	IT	A	0.08%	0.07%	0.07%
	ITW	A	0.16%	0.13%	0.13%
	J	B	0.04%	0.05%	0.04%
	JNJ	D	0.75%	0.56%	0.56%
	JPM	B	1.26%	0.88%	0.88%
	KDP	D	0.07%	0.05%	0.05%
	KEYS	C	0.05%	0.04%	0.04%
	KIM	A	0.03%	0.01%	0.01%
	KKR	B	0.17%	0.11%	0.11%
	KLAC	F	0.18%	0.21%	0.18%
	KO	F	0.53%	0.44%	0.44%
	KVUE	B	0.09%	0.11%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	B	0.05%	0.05%	0.05%
	LH	A	0.04%	0.05%	0.04%
	LIN	D	0.43%	0.1%	0.1%
	LLY	F	1.29%	0.81%	0.81%
	LNG	B	0.09%	0.09%	0.09%
	LOW	B	0.3%	0.18%	0.18%
	LRCX	F	0.2%	0.09%	0.09%
	LULU	C	0.07%	0.06%	0.06%
	LVS	C	0.04%	0.07%	0.04%
	MA	B	0.83%	0.55%	0.55%
	MAR	A	0.12%	0.07%	0.07%
	MAS	D	0.04%	0.06%	0.04%
	MCD	C	0.42%	0.43%	0.42%
	MCHP	F	0.08%	0.06%	0.06%
	MCO	C	0.15%	0.06%	0.06%
	MDB	C	0.04%	0.01%	0.01%
	MDLZ	F	0.18%	0.09%	0.09%
	MDT	D	0.23%	0.11%	0.11%
	MELI	D	0.19%	0.13%	0.13%
	MET	C	0.09%	0.1%	0.09%
	META	B	2.48%	1.65%	1.65%
	MGM	D	0.02%	0.02%	0.02%
	MKL	A	0.04%	0.01%	0.01%
	MKTX	C	0.02%	0.01%	0.01%
	MMC	C	0.22%	0.19%	0.19%
	MNST	B	0.08%	0.11%	0.08%
	MO	A	0.18%	0.37%	0.18%
	MPWR	F	0.07%	0.06%	0.06%
	MRK	F	0.51%	0.36%	0.36%
	MRNA	F	0.03%	0.01%	0.01%
	MRVL	B	0.15%	0.13%	0.13%
	MS	A	0.28%	0.19%	0.19%
	MSFT	C	5.75%	3.74%	3.74%
	MSI	B	0.15%	0.17%	0.15%
	MSTR	B	0.07%	0.06%	0.06%
	MTB	B	0.06%	0.05%	0.05%
	MTCH	F	0.02%	0.01%	0.01%
	MTD	F	0.06%	0.04%	0.04%
	MU	D	0.23%	0.14%	0.14%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	D	0.32%	0.16%	0.16%
	NEM	F	0.1%	0.07%	0.07%
	NET	B	0.05%	0.01%	0.01%
	NFLX	A	0.65%	0.46%	0.46%
	NKE	F	0.19%	0.11%	0.11%
	NOW	A	0.39%	0.21%	0.21%
	NSC	B	0.11%	0.08%	0.08%
	NTAP	D	0.05%	0.08%	0.05%
	NTRS	A	0.04%	0.06%	0.04%
	NVDA	B	6.81%	4.69%	4.69%
	NXPI	F	0.11%	0.09%	0.09%
	O	D	0.1%	0.01%	0.01%
	ODFL	B	0.08%	0.06%	0.06%
	OKE	A	0.11%	0.24%	0.11%
	OKTA	C	0.02%	0.01%	0.01%
	OMC	B	0.04%	0.03%	0.03%
	ON	F	0.06%	0.03%	0.03%
	ORCL	A	0.56%	0.43%	0.43%
	OTIS	C	0.08%	0.12%	0.08%
	PANW	A	0.23%	0.14%	0.14%
	PAYC	B	0.02%	0.05%	0.02%
	PAYX	B	0.09%	0.15%	0.09%
	PCG	A	0.08%	0.09%	0.08%
	PEG	C	0.08%	0.07%	0.07%
	PEP	D	0.46%	0.21%	0.21%
	PFE	F	0.31%	0.21%	0.21%
	PG	C	0.77%	0.6%	0.6%
	PGR	A	0.29%	0.18%	0.18%
	PH	A	0.17%	0.12%	0.12%
	PINS	F	0.04%	0.02%	0.02%
	PLD	D	0.21%	0.14%	0.14%
	PLTR	B	0.21%	0.13%	0.13%
	PM	C	0.41%	0.44%	0.41%
	PNC	B	0.15%	0.11%	0.11%
	PODD	B	0.03%	0.01%	0.01%
	POOL	D	0.03%	0.0%	0.0%
	PRU	B	0.09%	0.03%	0.03%
	PSA	C	0.11%	0.1%	0.1%
	PSTG	D	0.03%	0.03%	0.03%
	PTC	B	0.04%	0.06%	0.04%
	PWR	B	0.09%	0.02%	0.02%
	PYPL	A	0.16%	0.12%	0.12%
	QCOM	F	0.37%	0.25%	0.25%
	RBLX	B	0.05%	0.01%	0.01%
	RCL	A	0.1%	0.07%	0.07%
	REG	A	0.03%	0.0%	0.0%
	REGN	F	0.18%	0.12%	0.12%
	RIVN	D	0.02%	0.03%	0.02%
	RMD	C	0.07%	0.03%	0.03%
	ROK	B	0.06%	0.04%	0.04%
	ROKU	C	0.02%	0.01%	0.01%
	ROL	B	0.03%	0.03%	0.03%
	ROP	A	0.12%	0.2%	0.12%
	ROST	F	0.09%	0.05%	0.05%
	RPRX	F	0.02%	0.09%	0.02%
	RS	B	0.03%	0.16%	0.03%
	RVTY	C	0.03%	0.01%	0.01%
	SBAC	D	0.05%	0.05%	0.05%
	SBUX	B	0.22%	0.19%	0.19%
	SCHW	A	0.21%	0.14%	0.14%
	SHW	A	0.18%	0.13%	0.13%
	SLB	C	0.11%	0.24%	0.11%
	SMCI	F	0.03%	0.02%	0.02%
	SNA	A	0.04%	0.08%	0.04%
	SNAP	C	0.03%	0.02%	0.02%
	SNOW	C	0.07%	0.04%	0.04%
	SNPS	B	0.16%	0.11%	0.11%
	SOLV	D	0.02%	0.04%	0.02%
	SPG	B	0.11%	0.11%	0.11%
	SPGI	C	0.31%	0.13%	0.13%
	SQ	B	0.08%	0.04%	0.04%
	SRE	A	0.1%	0.01%	0.01%
	SSNC	C	0.03%	0.15%	0.03%
	STE	F	0.04%	0.03%	0.03%
	STT	B	0.06%	0.05%	0.05%
	STZ	D	0.08%	0.11%	0.08%
	SWKS	F	0.03%	0.01%	0.01%
	SYF	B	0.04%	0.08%	0.04%
	SYK	A	0.25%	0.14%	0.14%
	T	A	0.31%	0.27%	0.27%
	TDG	B	0.15%	0.02%	0.02%
	TEAM	B	0.07%	0.04%	0.04%
	TER	F	0.03%	0.05%	0.03%
	TFC	B	0.11%	0.07%	0.07%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.14%	0.05%	0.05%
	TJX	B	0.25%	0.1%	0.1%
	TMO	F	0.42%	0.26%	0.26%
	TMUS	A	0.24%	0.16%	0.16%
	TOST	A	0.02%	0.01%	0.01%
	TPL	B	0.05%	0.42%	0.05%
	TRGP	B	0.07%	0.49%	0.07%
	TRMB	B	0.03%	0.08%	0.03%
	TROW	B	0.05%	0.03%	0.03%
	TRU	D	0.04%	0.07%	0.04%
	TRV	B	0.11%	0.1%	0.1%
	TSLA	B	1.43%	1.18%	1.18%
	TTD	B	0.11%	0.08%	0.08%
	TTWO	A	0.05%	0.03%	0.03%
	TW	C	0.03%	0.01%	0.01%
	TXN	C	0.36%	0.28%	0.28%
	TYL	B	0.05%	0.01%	0.01%
	UBER	F	0.28%	0.19%	0.19%
	ULTA	C	0.04%	0.06%	0.04%
	UNH	B	1.03%	0.71%	0.71%
	UNP	C	0.28%	0.23%	0.23%
	UPS	C	0.19%	0.07%	0.07%
	URI	B	0.11%	0.25%	0.11%
	USB	A	0.15%	0.09%	0.09%
	UTHR	B	0.03%	0.03%	0.03%
	V	A	0.91%	0.67%	0.67%
	VEEV	B	0.06%	0.08%	0.06%
	VICI	D	0.07%	0.07%	0.07%
	VLTO	C	0.05%	0.03%	0.03%
	VMC	B	0.07%	0.09%	0.07%
	VRSK	A	0.08%	0.13%	0.08%
	VRSN	C	0.03%	0.02%	0.02%
	VRT	B	0.08%	0.09%	0.08%
	VRTX	B	0.25%	0.17%	0.17%
	VTRS	B	0.03%	0.05%	0.03%
	VZ	C	0.34%	0.26%	0.26%
	WAB	A	0.07%	0.11%	0.07%
	WAT	A	0.05%	0.02%	0.02%
	WBD	B	0.04%	0.01%	0.01%
	WDAY	B	0.1%	0.04%	0.04%
	WELL	B	0.16%	0.07%	0.07%
	WFC	A	0.44%	0.32%	0.32%
	WMB	B	0.13%	0.22%	0.13%
	WMT	A	0.73%	0.33%	0.33%
	WRB	B	0.04%	0.02%	0.02%
	WST	B	0.05%	0.03%	0.03%
	WTRG	C	0.02%	0.06%	0.02%
	WTW	A	0.06%	0.05%	0.05%
	WYNN	F	0.02%	0.03%	0.02%
	XYL	D	0.06%	0.11%	0.06%
	YUM	B	0.08%	0.05%	0.05%
	Z	B	0.02%	0.04%	0.02%
	ZBH	C	0.04%	0.06%	0.04%
	ZM	B	0.04%	0.01%	0.01%
	ZTS	D	0.16%	0.11%	0.11%

PBUS Overweight 207 Positions Relative to CRBN

	Symbol	Grade	Weight
	XOM	B	1.05%
	CVX	B	0.53%
	GE	C	0.38%
	CAT	C	0.37%
	RTX	C	0.31%
	HON	B	0.27%
	COP	C	0.25%
	LMT	C	0.23%
	BA	F	0.22%
	SO	D	0.19%
	WM	A	0.17%
	GEV	B	0.17%
	TT	A	0.17%
	DUK	D	0.17%
	MCK	A	0.14%
	ORLY	A	0.14%
	GD	A	0.14%
	MMM	C	0.14%
	EOG	A	0.14%
	NOC	C	0.14%
	FDX	B	0.13%
	APD	B	0.13%
	CARR	C	0.12%
	GM	A	0.12%
	AEP	D	0.11%
	PCAR	B	0.11%
	CMI	A	0.1%
	D	D	0.1%
	KMI	B	0.1%
	JCI	A	0.1%
	DHI	F	0.1%
	AZO	C	0.1%
	PSX	D	0.1%
	MPC	D	0.1%
	VLO	D	0.09%
	RSG	A	0.09%
	KMB	F	0.09%
	WCN	A	0.09%
	MSCI	B	0.09%
	LHX	A	0.09%
	GEHC	F	0.08%
	HES	C	0.08%
	GLW	C	0.08%
	KR	A	0.08%
	HWM	A	0.08%
	FLUT	A	0.08%
	CBRE	A	0.08%
	F	C	0.08%
	COR	A	0.08%
	VST	B	0.08%
	LEN	D	0.08%
	OXY	D	0.07%
	ALNY	D	0.07%
	DOW	F	0.07%
	NUE	C	0.07%
	DD	D	0.07%
	HPQ	B	0.07%
	MLM	B	0.07%
	XEL	A	0.07%
	DELL	B	0.07%
	SYY	B	0.07%
	PHM	D	0.06%
	NVR	D	0.06%
	RJF	A	0.06%
	PPG	F	0.06%
	TSCO	C	0.06%
	WEC	B	0.06%
	KHC	F	0.06%
	ARES	B	0.06%
	ETR	B	0.06%
	NDAQ	A	0.06%
	FANG	D	0.06%
	FE	D	0.05%
	WY	F	0.05%
	AEE	A	0.05%
	PPL	A	0.05%
	DVN	F	0.05%
	IFF	F	0.05%
	DTE	D	0.05%
	ADM	F	0.05%
	HPE	B	0.05%
	VTR	C	0.05%
	DOV	A	0.05%
	SW	C	0.05%
	CAH	A	0.05%
	MAA	C	0.04%
	HOLX	D	0.04%
	CNP	B	0.04%
	BALL	D	0.04%
	IP	C	0.04%
	ZBRA	A	0.04%
	NRG	B	0.04%
	LYV	B	0.04%
	BBY	D	0.04%
	PFG	C	0.04%
	MKC	D	0.04%
	MOH	F	0.04%
	CSL	B	0.04%
	STLD	B	0.04%
	LII	B	0.04%
	STX	D	0.04%
	LPLA	B	0.04%
	CLX	A	0.04%
	ATO	A	0.04%
	CMS	C	0.04%
	EQT	B	0.04%
	EXPE	B	0.04%
	PKG	B	0.04%
	TDY	A	0.04%
	WDC	D	0.04%
	BLDR	D	0.04%
	EME	B	0.04%
	RF	B	0.04%
	LYB	F	0.04%
	K	A	0.04%
	HBAN	B	0.04%
	CCL	A	0.04%
	INCY	B	0.03%
	UHS	D	0.03%
	JKHY	C	0.03%
	UDR	C	0.03%
	CAG	F	0.03%
	EVRG	A	0.03%
	TWLO	A	0.03%
	JBL	C	0.03%
	HEI	B	0.03%
	SWK	F	0.03%
	LNT	C	0.03%
	AMCR	D	0.03%
	DPZ	C	0.03%
	JBHT	B	0.03%
	APTV	D	0.03%
	AVTR	F	0.03%
	OC	A	0.03%
	DT	C	0.03%
	MRO	B	0.03%
	NI	A	0.03%
	CF	B	0.03%
	TXT	C	0.03%
	KEY	B	0.03%
	GPC	D	0.03%
	BURL	C	0.03%
	AVY	F	0.03%
	MANH	C	0.03%
	SUI	D	0.03%
	RPM	A	0.03%
	TSN	C	0.03%
	PNR	A	0.03%
	WSO	A	0.03%
	ZS	B	0.03%
	EXPD	D	0.03%
	CTRA	B	0.03%
	WSM	F	0.03%
	FDS	A	0.03%
	BSY	F	0.02%
	CHRD	F	0.02%
	BIO	C	0.02%
	CRBG	C	0.02%
	SEIC	A	0.02%
	TTC	F	0.02%
	APA	F	0.02%
	KNX	B	0.02%
	CPB	F	0.02%
	HSIC	F	0.02%
	MOS	D	0.02%
	AOS	F	0.02%
	HRL	F	0.02%
	DAL	A	0.02%
	ALLY	C	0.02%
	CNH	D	0.02%
	CE	F	0.02%
	FOXA	A	0.02%
	LKQ	D	0.02%
	TAP	B	0.02%
	NWSA	B	0.02%
	OVV	C	0.02%
	HEI	B	0.02%
	FBIN	F	0.02%
	AES	F	0.02%
	CCK	D	0.02%
	LW	C	0.02%
	KMX	C	0.02%
	AMH	C	0.02%
	CG	C	0.02%
	DKS	F	0.02%
	EMN	D	0.02%
	TECH	B	0.02%
	NBIX	C	0.02%
	CHRW	A	0.02%
	BG	D	0.02%
	WPC	F	0.02%
	ELS	C	0.02%
	SJM	F	0.02%
	BMRN	F	0.02%
	CPT	C	0.02%
	JNPR	D	0.02%
	LUV	B	0.01%
	WLK	F	0.01%
	FOX	A	0.01%
	H	B	0.01%
	DINO	D	0.01%
	PARA	C	0.01%
	UHAL	C	0.01%
	WBA	D	0.01%
	ACI	C	0.01%
	QRVO	F	0.01%
	HII	D	0.01%

PBUS Underweight 24 Positions Relative to CRBN

	Symbol	Grade	Weight
	BABA	D	-0.25%
	MUFG	A	-0.23%
	SONY	C	-0.18%
	BLK	B	-0.17%
	SMFG	B	-0.15%
	NMR	C	-0.12%
	TEL	B	-0.11%
	MFG	B	-0.1%
	LI	F	-0.1%
	IBN	C	-0.06%
	COO	D	-0.05%
	FWONK	A	-0.04%
	WIT	B	-0.04%
	HDB	C	-0.04%
	AZPN	A	-0.03%
	BIDU	F	-0.03%
	MBAVU	C	-0.03%
	CHT	C	-0.03%
	TCOM	C	-0.02%
	MNSO	C	-0.01%
	NIO	F	-0.01%
	XPEV	B	-0.01%
	NLY	C	-0.01%
	TME	F	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management 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 Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Cloud Computing Banking Insurance Products Mining IBD 50

CRBN: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Semiconductors Diversified Industrials Software - Infrastructure Asset Management Internet Content & Information Drug Manufacturers - Major Insurance - Property & Casualty Capital Markets Information Technology Services Medical Devices Medical Instruments & Supplies Banks - Regional - US Credit Services Telecom Services Banks - Global Health Care Plans Insurance - Diversified

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