PBUS vs. IUS ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to Invesco Strategic US ETF (IUS)

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

$60.02

Average Daily Volume

186,047

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.60

Average Daily Volume

53,860

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	IUS
30 Days	3.86%	2.46%
60 Days	10.24%	7.43%
90 Days	15.38%	9.71%
12 Months	40.41%	32.57%

400 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in IUS	Overlap
	A	D	0.08%	0.06%	0.06%
	AAPL	B	6.44%	4.79%	4.79%
	ABBV	B	0.7%	0.77%	0.7%
	ABNB	D	0.12%	0.13%	0.12%
	ABT	B	0.41%	0.39%	0.39%
	ACGL	D	0.07%	0.11%	0.07%
	ACI	C	0.01%	0.12%	0.01%
	ACM	B	0.03%	0.06%	0.03%
	ACN	C	0.43%	0.47%	0.43%
	ADBE	F	0.43%	0.27%	0.27%
	ADM	F	0.05%	0.28%	0.05%
	ADP	A	0.24%	0.17%	0.17%
	ADSK	A	0.12%	0.07%	0.07%
	AES	F	0.02%	0.05%	0.02%
	AFG	B	0.02%	0.05%	0.02%
	AIZ	A	0.02%	0.05%	0.02%
	AKAM	F	0.03%	0.05%	0.03%
	ALB	C	0.02%	0.05%	0.02%
	ALGN	F	0.03%	0.03%	0.03%
	ALL	B	0.1%	0.25%	0.1%
	AMAT	D	0.31%	0.22%	0.22%
	AMCR	D	0.03%	0.07%	0.03%
	AMD	F	0.45%	0.21%	0.21%
	AME	A	0.08%	0.06%	0.06%
	AMGN	C	0.34%	0.26%	0.26%
	AMZN	B	3.7%	2.07%	2.07%
	ANET	C	0.21%	0.05%	0.05%
	ANSS	B	0.05%	0.03%	0.03%
	AON	B	0.14%	0.16%	0.14%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.02%	0.06%	0.02%
	APD	B	0.13%	0.14%	0.13%
	APH	B	0.17%	0.09%	0.09%
	APP	B	0.07%	0.05%	0.05%
	APTV	F	0.03%	0.06%	0.03%
	AVGO	B	1.52%	0.8%	0.8%
	AVTR	F	0.03%	0.03%	0.03%
	AVY	F	0.03%	0.03%	0.03%
	AXP	B	0.31%	0.52%	0.31%
	AZO	D	0.1%	0.13%	0.1%
	BA	F	0.22%	0.12%	0.12%
	BAH	B	0.05%	0.04%	0.04%
	BALL	F	0.04%	0.05%	0.04%
	BAX	F	0.04%	0.07%	0.04%
	BBY	D	0.04%	0.15%	0.04%
	BDX	F	0.14%	0.16%	0.14%
	BEN	C	0.01%	0.03%	0.01%
	BG	F	0.02%	0.13%	0.02%
	BIIB	F	0.05%	0.06%	0.05%
	BKNG	B	0.33%	0.41%	0.33%
	BKR	B	0.08%	0.16%	0.08%
	BLDR	D	0.04%	0.13%	0.04%
	BMY	C	0.22%	0.63%	0.22%
	BR	A	0.05%	0.04%	0.04%
	BRK.A	C	1.17%	2.86%	1.17%
	BRO	B	0.05%	0.03%	0.03%
	BSX	A	0.25%	0.11%	0.11%
	BURL	C	0.03%	0.04%	0.03%
	BX	A	0.24%	0.24%	0.24%
	CAG	F	0.03%	0.07%	0.03%
	CAH	B	0.05%	0.46%	0.05%
	CARR	D	0.12%	0.11%	0.11%
	CAT	B	0.37%	0.46%	0.37%
	CB	D	0.21%	0.43%	0.21%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	A	0.08%	0.14%	0.08%
	CCK	C	0.02%	0.05%	0.02%
	CCL	B	0.04%	0.11%	0.04%
	CDNS	B	0.16%	0.05%	0.05%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.02%	0.03%	0.02%
	CEG	D	0.15%	0.04%	0.04%
	CF	B	0.03%	0.09%	0.03%
	CHD	C	0.05%	0.04%	0.04%
	CHRD	F	0.02%	0.04%	0.02%
	CHRW	B	0.02%	0.08%	0.02%
	CHTR	B	0.07%	0.34%	0.07%
	CI	F	0.18%	0.64%	0.18%
	CINF	B	0.04%	0.09%	0.04%
	CL	F	0.15%	0.13%	0.13%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.33%	1.14%	0.33%
	CMG	C	0.15%	0.05%	0.05%
	CMI	B	0.1%	0.16%	0.1%
	CMS	D	0.04%	0.07%	0.04%
	CNC	F	0.07%	0.36%	0.07%
	CNP	B	0.04%	0.09%	0.04%
	COP	C	0.25%	0.67%	0.25%
	COR	B	0.08%	0.44%	0.08%
	COST	B	0.78%	0.72%	0.72%
	CPAY	B	0.04%	0.05%	0.04%
	CPB	D	0.02%	0.03%	0.02%
	CPRT	B	0.09%	0.03%	0.03%
	CRM	A	0.57%	0.48%	0.48%
	CSCO	A	0.45%	0.74%	0.45%
	CSGP	D	0.06%	0.02%	0.02%
	CSL	C	0.04%	0.05%	0.04%
	CSX	B	0.13%	0.22%	0.13%
	CTAS	A	0.15%	0.06%	0.06%
	CTRA	C	0.03%	0.11%	0.03%
	CTSH	B	0.07%	0.14%	0.07%
	CTVA	C	0.09%	0.15%	0.09%
	CVS	F	0.14%	1.01%	0.14%
	CVX	B	0.53%	1.63%	0.53%
	DAL	B	0.02%	0.05%	0.02%
	DASH	A	0.1%	0.06%	0.06%
	DD	D	0.07%	0.15%	0.07%
	DE	C	0.21%	0.38%	0.21%
	DECK	B	0.05%	0.03%	0.03%
	DELL	C	0.07%	0.23%	0.07%
	DG	F	0.04%	0.08%	0.04%
	DGX	B	0.03%	0.07%	0.03%
	DHI	D	0.1%	0.18%	0.1%
	DHR	F	0.33%	0.23%	0.23%
	DINO	F	0.01%	0.09%	0.01%
	DIS	C	0.35%	0.49%	0.35%
	DKS	D	0.02%	0.06%	0.02%
	DLTR	F	0.03%	0.06%	0.03%
	DOV	B	0.05%	0.05%	0.05%
	DOW	F	0.07%	0.2%	0.07%
	DRI	B	0.04%	0.06%	0.04%
	DTE	D	0.05%	0.1%	0.05%
	DVA	D	0.02%	0.05%	0.02%
	DVN	F	0.05%	0.13%	0.05%
	DXCM	D	0.05%	0.02%	0.02%
	EA	B	0.08%	0.1%	0.08%
	EBAY	D	0.06%	0.13%	0.06%
	ECL	D	0.13%	0.08%	0.08%
	ED	D	0.07%	0.15%	0.07%
	EFX	D	0.07%	0.04%	0.04%
	EG	D	0.03%	0.09%	0.03%
	EL	F	0.03%	0.04%	0.03%
	ELV	F	0.19%	0.41%	0.19%
	EME	B	0.04%	0.05%	0.04%
	EMN	D	0.02%	0.05%	0.02%
	EMR	B	0.13%	0.14%	0.13%
	EOG	B	0.14%	0.32%	0.14%
	EQIX	B	0.17%	0.1%	0.1%
	EQT	B	0.04%	0.08%	0.04%
	ETN	A	0.27%	0.15%	0.15%
	EW	F	0.08%	0.04%	0.04%
	EXC	D	0.08%	0.18%	0.08%
	EXPD	D	0.03%	0.08%	0.03%
	EXPE	B	0.04%	0.13%	0.04%
	F	D	0.08%	0.55%	0.08%
	FANG	D	0.06%	0.15%	0.06%
	FAST	B	0.09%	0.06%	0.06%
	FBIN	D	0.02%	0.04%	0.02%
	FCX	C	0.13%	0.14%	0.13%
	FDX	B	0.13%	0.36%	0.13%
	FE	D	0.05%	0.09%	0.05%
	FFIV	B	0.03%	0.04%	0.03%
	FI	B	0.24%	0.34%	0.24%
	FOXA	B	0.02%	0.15%	0.02%
	FSLR	F	0.04%	0.03%	0.03%
	FTNT	A	0.1%	0.06%	0.06%
	FTV	F	0.05%	0.06%	0.05%
	GD	B	0.14%	0.2%	0.14%
	GDDY	A	0.05%	0.05%	0.05%
	GE	C	0.38%	0.41%	0.38%
	GEHC	D	0.08%	0.07%	0.07%
	GEN	B	0.03%	0.04%	0.03%
	GILD	B	0.22%	0.4%	0.22%
	GIS	F	0.08%	0.14%	0.08%
	GLW	B	0.08%	0.13%	0.08%
	GM	B	0.12%	0.96%	0.12%
	GOOGL	B	1.97%	3.6%	1.97%
	GPC	F	0.03%	0.06%	0.03%
	GRMN	B	0.06%	0.05%	0.05%
	GWW	A	0.1%	0.08%	0.08%
	H	C	0.01%	0.04%	0.01%
	HAL	D	0.05%	0.09%	0.05%
	HCA	D	0.14%	0.25%	0.14%
	HD	B	0.79%	0.91%	0.79%
	HES	C	0.08%	0.08%	0.08%
	HIG	C	0.07%	0.17%	0.07%
	HII	F	0.01%	0.03%	0.01%
	HLT	A	0.12%	0.09%	0.09%
	HOLX	D	0.04%	0.05%	0.04%
	HON	B	0.27%	0.29%	0.27%
	HPE	B	0.05%	0.2%	0.05%
	HPQ	B	0.07%	0.18%	0.07%
	HRL	F	0.02%	0.06%	0.02%
	HSIC	F	0.02%	0.04%	0.02%
	HST	C	0.02%	0.04%	0.02%
	HSY	F	0.05%	0.07%	0.05%
	HUBB	B	0.05%	0.03%	0.03%
	HUM	F	0.06%	0.23%	0.06%
	HWM	B	0.08%	0.05%	0.05%
	IBM	D	0.38%	0.53%	0.38%
	IFF	F	0.05%	0.08%	0.05%
	ILMN	B	0.05%	0.04%	0.04%
	INTC	C	0.2%	0.41%	0.2%
	INTU	A	0.34%	0.18%	0.18%
	IP	B	0.04%	0.14%	0.04%
	IPG	F	0.02%	0.05%	0.02%
	IQV	F	0.08%	0.08%	0.08%
	IR	B	0.08%	0.06%	0.06%
	IRM	C	0.07%	0.07%	0.07%
	ISRG	A	0.36%	0.12%	0.12%
	IT	B	0.08%	0.04%	0.04%
	ITW	B	0.16%	0.14%	0.14%
	J	C	0.04%	0.06%	0.04%
	JBHT	B	0.03%	0.05%	0.03%
	JBL	C	0.03%	0.11%	0.03%
	JCI	A	0.1%	0.15%	0.1%
	JNJ	D	0.75%	0.94%	0.75%
	JNPR	C	0.02%	0.05%	0.02%
	K	A	0.04%	0.08%	0.04%
	KDP	F	0.07%	0.12%	0.07%
	KEYS	A	0.05%	0.05%	0.05%
	KHC	F	0.06%	0.24%	0.06%
	KLAC	F	0.18%	0.11%	0.11%
	KMB	D	0.09%	0.11%	0.09%
	KMI	A	0.1%	0.26%	0.1%
	KMX	F	0.02%	0.07%	0.02%
	KNX	B	0.02%	0.05%	0.02%
	KO	D	0.53%	0.46%	0.46%
	KR	A	0.08%	0.37%	0.08%
	LDOS	A	0.05%	0.07%	0.05%
	LEN	D	0.08%	0.21%	0.08%
	LH	A	0.04%	0.09%	0.04%
	LHX	A	0.09%	0.15%	0.09%
	LIN	D	0.43%	0.4%	0.4%
	LKQ	F	0.02%	0.05%	0.02%
	LLY	D	1.29%	0.24%	0.24%
	LMT	D	0.23%	0.49%	0.23%
	LNG	A	0.09%	0.22%	0.09%
	LOW	B	0.3%	0.49%	0.3%
	LPLA	A	0.04%	0.06%	0.04%
	LRCX	D	0.2%	0.15%	0.15%
	LULU	D	0.07%	0.05%	0.05%
	LUV	B	0.01%	0.03%	0.01%
	LVS	C	0.04%	0.06%	0.04%
	LYB	F	0.04%	0.13%	0.04%
	LYV	B	0.04%	0.04%	0.04%
	MA	A	0.83%	0.45%	0.45%
	MAR	A	0.12%	0.15%	0.12%
	MAS	D	0.04%	0.04%	0.04%
	MCD	D	0.42%	0.3%	0.3%
	MCHP	F	0.08%	0.08%	0.08%
	MCK	B	0.14%	0.54%	0.14%
	MCO	C	0.15%	0.07%	0.07%
	MDLZ	F	0.18%	0.24%	0.18%
	MDT	C	0.23%	0.37%	0.23%
	MELI	D	0.19%	0.1%	0.1%
	META	B	2.48%	2.27%	2.27%
	MGM	F	0.02%	0.07%	0.02%
	MKC	D	0.04%	0.05%	0.04%
	MKL	B	0.04%	0.09%	0.04%
	MLM	B	0.07%	0.05%	0.05%
	MMC	C	0.22%	0.17%	0.17%
	MMM	C	0.14%	0.27%	0.14%
	MNST	B	0.08%	0.05%	0.05%
	MO	B	0.18%	0.34%	0.18%
	MOH	F	0.04%	0.08%	0.04%
	MOS	C	0.02%	0.1%	0.02%
	MPC	F	0.1%	0.62%	0.1%
	MRK	F	0.51%	0.42%	0.42%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.03%	0.14%	0.03%
	MRVL	B	0.15%	0.09%	0.09%
	MSCI	B	0.09%	0.04%	0.04%
	MSFT	C	5.75%	2.71%	2.71%
	MSI	A	0.15%	0.08%	0.08%
	MTD	F	0.06%	0.03%	0.03%
	MU	C	0.23%	0.19%	0.19%
	NDAQ	B	0.06%	0.05%	0.05%
	NEM	D	0.1%	0.15%	0.1%
	NFLX	A	0.65%	0.3%	0.3%
	NKE	F	0.19%	0.27%	0.19%
	NOC	C	0.14%	0.22%	0.14%
	NOW	B	0.39%	0.1%	0.1%
	NRG	B	0.04%	0.07%	0.04%
	NSC	B	0.11%	0.16%	0.11%
	NTAP	C	0.05%	0.06%	0.05%
	NUE	C	0.07%	0.21%	0.07%
	NVDA	B	6.81%	0.95%	0.95%
	NVR	D	0.06%	0.08%	0.06%
	NWSA	B	0.02%	0.06%	0.02%
	OC	B	0.03%	0.07%	0.03%
	ODFL	B	0.08%	0.05%	0.05%
	OKE	A	0.11%	0.16%	0.11%
	OMC	B	0.04%	0.07%	0.04%
	ON	D	0.06%	0.06%	0.06%
	ORCL	A	0.56%	0.32%	0.32%
	ORLY	B	0.14%	0.13%	0.13%
	OTIS	B	0.08%	0.05%	0.05%
	OVV	D	0.02%	0.08%	0.02%
	OXY	F	0.07%	0.28%	0.07%
	PANW	A	0.23%	0.06%	0.06%
	PARA	C	0.01%	0.11%	0.01%
	PAYX	A	0.09%	0.06%	0.06%
	PCAR	B	0.11%	0.17%	0.11%
	PEP	F	0.46%	0.44%	0.44%
	PFE	F	0.31%	0.7%	0.31%
	PG	D	0.77%	0.74%	0.74%
	PGR	B	0.29%	0.3%	0.29%
	PH	B	0.17%	0.13%	0.13%
	PHM	D	0.06%	0.11%	0.06%
	PINS	D	0.04%	0.02%	0.02%
	PKG	B	0.04%	0.07%	0.04%
	PM	C	0.41%	0.38%	0.38%
	POOL	B	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.08%	0.06%
	PPL	B	0.05%	0.09%	0.05%
	PSA	D	0.11%	0.14%	0.11%
	PSX	F	0.1%	0.44%	0.1%
	PWR	A	0.09%	0.08%	0.08%
	PYPL	A	0.16%	0.32%	0.16%
	QCOM	C	0.37%	0.32%	0.32%
	QRVO	F	0.01%	0.03%	0.01%
	RCL	B	0.1%	0.1%	0.1%
	REGN	F	0.18%	0.16%	0.16%
	RMD	B	0.07%	0.04%	0.04%
	ROK	B	0.06%	0.05%	0.05%
	ROP	B	0.12%	0.07%	0.07%
	ROST	D	0.09%	0.11%	0.09%
	RPM	B	0.03%	0.04%	0.03%
	RS	B	0.03%	0.08%	0.03%
	RSG	B	0.09%	0.07%	0.07%
	RTX	C	0.31%	0.67%	0.31%
	SBAC	D	0.05%	0.04%	0.04%
	SBUX	B	0.22%	0.21%	0.21%
	SHW	B	0.18%	0.14%	0.14%
	SJM	D	0.02%	0.07%	0.02%
	SLB	D	0.11%	0.17%	0.11%
	SNA	A	0.04%	0.05%	0.04%
	SNOW	C	0.07%	0.03%	0.03%
	SNPS	B	0.16%	0.06%	0.06%
	SQ	C	0.08%	0.09%	0.08%
	SSNC	C	0.03%	0.05%	0.03%
	STE	F	0.04%	0.04%	0.04%
	STLD	B	0.04%	0.13%	0.04%
	STX	D	0.04%	0.04%	0.04%
	STZ	F	0.08%	0.1%	0.08%
	SW	B	0.05%	0.08%	0.05%
	SWK	F	0.03%	0.08%	0.03%
	SWKS	F	0.03%	0.05%	0.03%
	SYK	A	0.25%	0.15%	0.15%
	SYY	C	0.07%	0.19%	0.07%
	T	B	0.31%	1.33%	0.31%
	TAP	B	0.02%	0.08%	0.02%
	TDG	C	0.15%	0.04%	0.04%
	TDY	A	0.04%	0.05%	0.04%
	TER	F	0.03%	0.02%	0.02%
	TGT	F	0.14%	0.31%	0.14%
	TJX	C	0.25%	0.27%	0.25%
	TMO	F	0.42%	0.34%	0.34%
	TMUS	A	0.24%	0.39%	0.24%
	TRGP	A	0.07%	0.13%	0.07%
	TROW	B	0.05%	0.08%	0.05%
	TRV	B	0.11%	0.28%	0.11%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	1.43%	0.52%	0.52%
	TSN	D	0.03%	0.17%	0.03%
	TT	A	0.17%	0.12%	0.12%
	TTWO	B	0.05%	0.04%	0.04%
	TW	B	0.03%	0.03%	0.03%
	TWLO	A	0.03%	0.06%	0.03%
	TXN	A	0.36%	0.28%	0.28%
	TXT	D	0.03%	0.07%	0.03%
	UBER	F	0.28%	0.12%	0.12%
	UHS	D	0.03%	0.07%	0.03%
	ULTA	C	0.04%	0.06%	0.04%
	UNH	B	1.03%	1.52%	1.03%
	UNP	D	0.28%	0.26%	0.26%
	UPS	D	0.19%	0.44%	0.19%
	URI	B	0.11%	0.14%	0.11%
	UTHR	B	0.03%	0.04%	0.03%
	V	B	0.91%	0.72%	0.72%
	VLO	D	0.09%	0.44%	0.09%
	VMC	B	0.07%	0.06%	0.06%
	VRSK	A	0.08%	0.08%	0.08%
	VRSN	D	0.03%	0.03%	0.03%
	VRTX	A	0.25%	0.12%	0.12%
	VST	B	0.08%	0.15%	0.08%
	VTRS	B	0.03%	0.13%	0.03%
	VZ	D	0.34%	1.13%	0.34%
	WAB	A	0.07%	0.07%	0.07%
	WBA	F	0.01%	0.14%	0.01%
	WBD	C	0.04%	0.24%	0.04%
	WCN	B	0.09%	0.07%	0.07%
	WDAY	C	0.1%	0.05%	0.05%
	WDC	C	0.04%	0.04%	0.04%
	WM	B	0.17%	0.16%	0.16%
	WMT	A	0.73%	1.27%	0.73%
	WRB	B	0.04%	0.07%	0.04%
	WSM	F	0.03%	0.04%	0.03%
	WSO	B	0.03%	0.03%	0.03%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.06%	0.1%	0.06%
	WY	D	0.05%	0.07%	0.05%
	XEL	B	0.07%	0.17%	0.07%
	XOM	B	1.05%	2.43%	1.05%
	XYL	F	0.06%	0.04%	0.04%
	YUM	C	0.08%	0.03%	0.03%
	ZBH	C	0.04%	0.07%	0.04%
	ZM	A	0.04%	0.05%	0.04%
	ZTS	F	0.16%	0.09%	0.09%

PBUS Overweight 183 Positions Relative to IUS

	Symbol	Grade	Weight
	GOOG	B	1.71%
	JPM	B	1.26%
	BAC	B	0.58%
	WFC	B	0.44%
	GS	B	0.34%
	NEE	D	0.32%
	SPGI	D	0.31%
	MS	B	0.28%
	C	B	0.24%
	PLTR	A	0.21%
	PLD	F	0.21%
	SCHW	B	0.21%
	ADI	D	0.21%
	AMT	F	0.2%
	SO	D	0.19%
	ICE	D	0.18%
	KKR	B	0.17%
	GEV	A	0.17%
	DUK	D	0.17%
	WELL	B	0.16%
	CME	B	0.16%
	USB	B	0.15%
	PNC	A	0.15%
	CRWD	C	0.14%
	COF	B	0.13%
	WMB	B	0.13%
	DLR	B	0.12%
	APO	B	0.12%
	AJG	C	0.12%
	AEP	D	0.11%
	TTD	B	0.11%
	BK	B	0.11%
	SPG	A	0.11%
	TFC	B	0.11%
	AFL	D	0.11%
	NXPI	D	0.11%
	FIS	C	0.1%
	D	C	0.1%
	AIG	C	0.1%
	FICO	B	0.1%
	AMP	B	0.1%
	O	D	0.1%
	SRE	A	0.1%
	PRU	C	0.09%
	KVUE	A	0.09%
	MET	C	0.09%
	CCI	D	0.09%
	VRT	A	0.08%
	FLUT	B	0.08%
	PCG	B	0.08%
	PEG	D	0.08%
	ALNY	B	0.07%
	VICI	D	0.07%
	IDXX	F	0.07%
	DDOG	C	0.07%
	MSTR	B	0.07%
	EXR	D	0.07%
	TEAM	B	0.07%
	MPWR	F	0.07%
	COIN	B	0.07%
	DFS	B	0.07%
	STT	B	0.06%
	RJF	B	0.06%
	FITB	B	0.06%
	WEC	B	0.06%
	ARES	B	0.06%
	ETR	B	0.06%
	EIX	D	0.06%
	AXON	B	0.06%
	AVB	A	0.06%
	MTB	B	0.06%
	VEEV	B	0.06%
	WAT	B	0.05%
	AEE	A	0.05%
	RBLX	B	0.05%
	EQR	D	0.05%
	TYL	B	0.05%
	VLTO	D	0.05%
	TPL	B	0.05%
	VTR	B	0.05%
	NET	C	0.05%
	AWK	D	0.05%
	HUBS	B	0.05%
	GPN	C	0.05%
	MAA	C	0.04%
	ZBRA	B	0.04%
	FCNCA	B	0.04%
	ESS	C	0.04%
	CFG	B	0.04%
	PFG	C	0.04%
	INVH	D	0.04%
	TRU	C	0.04%
	MDB	C	0.04%
	LII	A	0.04%
	ATO	A	0.04%
	NTRS	B	0.04%
	ES	D	0.04%
	RF	B	0.04%
	PTC	B	0.04%
	SYF	B	0.04%
	HBAN	B	0.04%
	ALLE	C	0.03%
	SNAP	C	0.03%
	INCY	A	0.03%
	REG	B	0.03%
	HOOD	A	0.03%
	EXAS	F	0.03%
	JKHY	C	0.03%
	UDR	C	0.03%
	GLPI	D	0.03%
	ROL	C	0.03%
	EVRG	B	0.03%
	NDSN	C	0.03%
	GGG	C	0.03%
	EQH	B	0.03%
	HEI	C	0.03%
	SMCI	F	0.03%
	DOCU	A	0.03%
	L	A	0.03%
	LNT	D	0.03%
	DPZ	C	0.03%
	TRMB	A	0.03%
	FNF	C	0.03%
	ENTG	F	0.03%
	DT	C	0.03%
	NI	A	0.03%
	PSTG	C	0.03%
	RVTY	B	0.03%
	DOC	B	0.03%
	KEY	B	0.03%
	DKNG	C	0.03%
	KIM	A	0.03%
	MANH	C	0.03%
	PODD	B	0.03%
	SUI	F	0.03%
	IEX	B	0.03%
	PNR	B	0.03%
	ZS	C	0.03%
	FDS	B	0.03%
	ARE	D	0.03%
	RIVN	F	0.02%
	BSY	F	0.02%
	BIO	B	0.02%
	CRBG	C	0.02%
	SEIC	B	0.02%
	TTC	D	0.02%
	WYNN	D	0.02%
	ROKU	C	0.02%
	TFX	F	0.02%
	MTCH	F	0.02%
	CRL	D	0.02%
	Z	B	0.02%
	ALLY	C	0.02%
	CNH	D	0.02%
	IOT	A	0.02%
	MKTX	C	0.02%
	WTRG	B	0.02%
	RPRX	F	0.02%
	CTLT	D	0.02%
	SOLV	C	0.02%
	ERIE	D	0.02%
	PAYC	B	0.02%
	HEI	C	0.02%
	TOST	B	0.02%
	LW	C	0.02%
	EPAM	C	0.02%
	AMH	D	0.02%
	CG	B	0.02%
	TECH	B	0.02%
	OKTA	D	0.02%
	NBIX	C	0.02%
	BXP	B	0.02%
	WPC	D	0.02%
	ELS	C	0.02%
	DAY	A	0.02%
	ENPH	F	0.02%
	BMRN	F	0.02%
	CPT	C	0.02%
	CELH	F	0.01%
	WLK	F	0.01%
	FOX	B	0.01%
	BBWI	D	0.01%
	UHAL	B	0.01%

PBUS Underweight 145 Positions Relative to IUS

	Symbol	Grade	Weight
	LUMN	B	-0.43%
	PFGC	B	-0.12%
	SNX	B	-0.12%
	FLEX	A	-0.11%
	UNFI	B	-0.11%
	SNEX	B	-0.11%
	USFD	B	-0.1%
	X	C	-0.1%
	RGA	B	-0.1%
	WKC	D	-0.09%
	TX	C	-0.08%
	THC	B	-0.08%
	DXC	C	-0.08%
	LAD	B	-0.08%
	ZIM	B	-0.08%
	ARW	F	-0.08%
	WHR	B	-0.07%
	LBRDK	B	-0.07%
	CAR	D	-0.07%
	UAL	A	-0.07%
	TOL	B	-0.07%
	JLL	C	-0.07%
	R	A	-0.07%
	CLF	D	-0.06%
	BWA	D	-0.06%
	TPR	A	-0.06%
	PBF	F	-0.06%
	OMF	A	-0.06%
	AVT	B	-0.06%
	CPNG	C	-0.06%
	SATS	C	-0.06%
	RNR	B	-0.06%
	VFC	B	-0.06%
	BERY	C	-0.06%
	ORI	B	-0.06%
	BTU	B	-0.05%
	TDS	B	-0.05%
	BFH	B	-0.05%
	TMHC	A	-0.05%
	CNX	B	-0.05%
	MHK	D	-0.05%
	BJ	B	-0.05%
	CASY	B	-0.05%
	TPG	B	-0.05%
	CZR	D	-0.05%
	WCC	B	-0.05%
	LEA	F	-0.05%
	AN	D	-0.05%
	ARMK	B	-0.05%
	MUSA	C	-0.05%
	GPI	B	-0.05%
	M	C	-0.05%
	NCLH	B	-0.05%
	AMG	C	-0.04%
	FYBR	C	-0.04%
	NWL	B	-0.04%
	GPK	C	-0.04%
	PENN	C	-0.04%
	CIVI	D	-0.04%
	AA	B	-0.04%
	AGCO	D	-0.04%
	AR	C	-0.04%
	OLN	F	-0.04%
	SCI	A	-0.04%
	FAF	D	-0.04%
	RRX	B	-0.04%
	PVH	C	-0.04%
	MAN	F	-0.04%
	GT	C	-0.04%
	RH	B	-0.04%
	CACI	B	-0.04%
	BECN	B	-0.04%
	CMC	B	-0.04%
	ABG	B	-0.04%
	INGR	B	-0.04%
	KSS	F	-0.04%
	THO	C	-0.04%
	UGI	D	-0.04%
	KBH	C	-0.04%
	RL	B	-0.04%
	NXST	C	-0.04%
	FLR	C	-0.04%
	DOX	A	-0.04%
	COHR	B	-0.04%
	HP	C	-0.03%
	SIG	B	-0.03%
	ADNT	F	-0.03%
	NSIT	F	-0.03%
	AMKR	F	-0.03%
	ASO	F	-0.03%
	RRC	C	-0.03%
	PR	C	-0.03%
	OSK	B	-0.03%
	MTDR	C	-0.03%
	KD	B	-0.03%
	NFG	C	-0.03%
	PII	F	-0.03%
	SM	C	-0.03%
	HOG	F	-0.03%
	RHI	B	-0.03%
	VVV	B	-0.03%
	WSC	C	-0.03%
	OGS	C	-0.03%
	GAP	C	-0.03%
	DAR	C	-0.03%
	HUN	F	-0.03%
	MTH	D	-0.03%
	HAS	D	-0.03%
	GXO	C	-0.03%
	BCC	B	-0.03%
	TGNA	B	-0.03%
	MUR	F	-0.03%
	FTI	B	-0.03%
	ANDE	D	-0.03%
	BC	C	-0.03%
	HRB	D	-0.03%
	SAIC	B	-0.03%
	JAZZ	B	-0.03%
	SKX	F	-0.03%
	ALV	C	-0.03%
	HTZ	D	-0.03%
	POST	D	-0.03%
	UFPI	C	-0.03%
	JHG	A	-0.03%
	NU	B	-0.03%
	DAN	F	-0.02%
	ATKR	D	-0.02%
	AAP	F	-0.02%
	XRX	F	-0.02%
	CPRI	F	-0.02%
	CVI	F	-0.02%
	ODP	F	-0.02%
	ELAN	D	-0.02%
	AMR	C	-0.02%
	CNM	D	-0.02%
	DK	F	-0.02%
	PRGO	D	-0.02%
	NOV	D	-0.02%
	WU	F	-0.02%
	MTN	D	-0.02%
	SON	F	-0.02%
	IAC	C	-0.02%
	TNET	F	-0.02%
	ARCH	B	-0.02%
	AAL	C	-0.02%

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

IUS: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Software - Application Specialty Retail Diversified Industrials Business Services Information Technology Services Semiconductors Packaged Foods Specialty Chemicals Diagnostics & Research Drug Manufacturers - Major Oil & Gas Refining & Marketing Packaging & Containers Aerospace & Defense Insurance - Property & Casualty Residential Construction Telecom Services Auto Parts Credit Services Health Care Plans

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electronics Dow Jones Component Insurance Mining Chemical Aerospace Medicine Semiconductor Telecommunications Transport Petroleum Industry Retailing Electricity Building Materials Beverage Plastic