PBUS vs. MFUS ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

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

$53.99

Average Daily Volume

90,647

Number of Holdings ^*

588

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$47.72

Average Daily Volume

7,491

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	MFUS
30 Days	3.47%	4.11%
60 Days	-2.73%	0.45%
90 Days	1.50%	2.34%
12 Months	23.08%	22.13%

399 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in MFUS	Overlap
	A	B	0.08%	0.05%	0.05%
	AAPL	C	6.81%	0.68%	0.68%
	ABBV	B	0.7%	1.28%	0.7%
	ACI	D	0.01%	0.01%	0.01%
	ACM	B	0.03%	0.04%	0.03%
	ACN	A	0.44%	0.18%	0.18%
	ADBE	B	0.52%	0.04%	0.04%
	ADM	D	0.06%	0.32%	0.06%
	ADP	B	0.23%	0.08%	0.08%
	ADSK	B	0.11%	0.08%	0.08%
	AES	D	0.02%	0.03%	0.02%
	AFG	A	0.02%	0.01%	0.01%
	AFL	B	0.12%	0.19%	0.12%
	AIG	D	0.11%	0.43%	0.11%
	AIZ	B	0.02%	0.07%	0.02%
	AJG	A	0.13%	0.09%	0.09%
	AKAM	D	0.03%	0.03%	0.03%
	ALGN	F	0.03%	0.02%	0.02%
	ALL	B	0.1%	0.35%	0.1%
	ALLY	C	0.02%	0.13%	0.02%
	AMAT	F	0.33%	0.48%	0.33%
	AMGN	C	0.36%	1.01%	0.36%
	AMH	A	0.03%	0.04%	0.03%
	AMP	B	0.09%	0.08%	0.08%
	AMZN	D	3.39%	1.22%	1.22%
	ANET	D	0.19%	0.13%	0.13%
	ANSS	D	0.06%	0.06%	0.06%
	AON	A	0.14%	0.18%	0.14%
	AOS	D	0.02%	0.11%	0.02%
	APH	D	0.16%	0.11%	0.11%
	APO	D	0.09%	0.11%	0.09%
	APP	B	0.03%	0.03%	0.03%
	ARES	C	0.05%	0.09%	0.05%
	AVGO	D	1.45%	1.42%	1.42%
	AVTR	B	0.04%	0.03%	0.03%
	AVY	B	0.04%	0.1%	0.04%
	AXP	B	0.3%	0.19%	0.19%
	AZO	B	0.11%	0.29%	0.11%
	BAC	D	0.59%	0.39%	0.39%
	BAH	B	0.04%	0.14%	0.04%
	BALL	A	0.04%	0.07%	0.04%
	BAX	A	0.04%	0.03%	0.03%
	BBWI	F	0.01%	0.02%	0.01%
	BBY	A	0.04%	0.24%	0.04%
	BDX	D	0.14%	0.09%	0.09%
	BEN	F	0.01%	0.04%	0.01%
	BIIB	D	0.06%	0.08%	0.06%
	BK	B	0.1%	0.26%	0.1%
	BKNG	C	0.27%	0.47%	0.27%
	BKR	D	0.07%	0.17%	0.07%
	BLDR	C	0.04%	0.04%	0.04%
	BMRN	D	0.03%	0.02%	0.02%
	BMY	B	0.2%	0.27%	0.2%
	BR	C	0.05%	0.15%	0.05%
	BRK.A	B	1.26%	2.02%	1.26%
	BRO	A	0.05%	0.13%	0.05%
	BSX	A	0.24%	0.18%	0.18%
	BURL	B	0.04%	0.03%	0.03%
	BX	B	0.21%	0.23%	0.21%
	BXP	A	0.02%	0.02%	0.02%
	C	D	0.24%	1.28%	0.24%
	CAG	A	0.03%	0.04%	0.03%
	CAH	A	0.06%	0.33%	0.06%
	CARR	B	0.12%	0.12%	0.12%
	CAT	C	0.36%	0.43%	0.36%
	CB	A	0.23%	0.15%	0.15%
	CCK	A	0.02%	0.06%	0.02%
	CCL	D	0.03%	0.05%	0.03%
	CDW	D	0.06%	0.05%	0.05%
	CE	F	0.03%	0.07%	0.03%
	CEG	D	0.13%	0.1%	0.1%
	CFG	B	0.04%	0.07%	0.04%
	CG	D	0.02%	0.02%	0.02%
	CHD	A	0.05%	0.06%	0.05%
	CHRD	F	0.02%	0.02%	0.02%
	CHRW	B	0.02%	0.09%	0.02%
	CHTR	C	0.07%	0.25%	0.07%
	CI	B	0.21%	0.14%	0.14%
	CINF	B	0.04%	0.02%	0.02%
	CL	A	0.17%	0.32%	0.17%
	CLX	A	0.04%	0.14%	0.04%
	CMCSA	C	0.32%	0.24%	0.24%
	CME	A	0.16%	0.19%	0.16%
	CMG	D	0.16%	0.22%	0.16%
	CMI	B	0.09%	0.11%	0.09%
	COF	C	0.11%	0.43%	0.11%
	COIN	F	0.07%	0.07%	0.07%
	COP	D	0.27%	0.32%	0.27%
	COST	B	0.8%	1.17%	0.8%
	CPAY	B	0.04%	0.05%	0.04%
	CPB	A	0.02%	0.01%	0.01%
	CPRT	D	0.09%	0.2%	0.09%
	CPT	B	0.03%	0.06%	0.03%
	CRBG	C	0.01%	0.04%	0.01%
	CRM	D	0.5%	0.34%	0.34%
	CSCO	B	0.41%	0.42%	0.41%
	CSL	C	0.04%	0.02%	0.02%
	CSX	D	0.14%	0.08%	0.08%
	CTAS	B	0.15%	0.17%	0.15%
	CTLT	A	0.02%	0.02%	0.02%
	CTRA	F	0.04%	0.03%	0.03%
	CTVA	B	0.08%	0.04%	0.04%
	CVS	F	0.15%	0.78%	0.15%
	CVX	F	0.53%	0.82%	0.53%
	DASH	B	0.07%	0.09%	0.07%
	DD	C	0.07%	0.22%	0.07%
	DECK	C	0.05%	0.18%	0.05%
	DELL	F	0.06%	0.05%	0.05%
	DFS	C	0.07%	0.08%	0.07%
	DG	F	0.04%	0.05%	0.04%
	DGX	B	0.04%	0.06%	0.04%
	DHR	B	0.38%	0.26%	0.26%
	DINO	F	0.02%	0.03%	0.02%
	DKS	C	0.03%	0.1%	0.03%
	DLR	D	0.1%	0.08%	0.08%
	DLTR	F	0.04%	0.03%	0.03%
	DOV	C	0.05%	0.02%	0.02%
	DOW	D	0.08%	0.04%	0.04%
	DPZ	D	0.03%	0.17%	0.03%
	DRI	A	0.04%	0.02%	0.02%
	DUK	A	0.18%	0.13%	0.13%
	DVA	B	0.02%	0.17%	0.02%
	EA	C	0.08%	0.09%	0.08%
	EBAY	A	0.06%	0.32%	0.06%
	ECL	B	0.13%	0.08%	0.08%
	EFX	B	0.08%	0.09%	0.08%
	ELS	A	0.03%	0.04%	0.03%
	ELV	B	0.26%	0.08%	0.08%
	EME	C	0.04%	0.03%	0.03%
	EMN	C	0.02%	0.06%	0.02%
	EMR	D	0.12%	0.15%	0.12%
	ENTG	D	0.04%	0.04%	0.04%
	EOG	D	0.15%	0.11%	0.11%
	EQH	C	0.03%	0.07%	0.03%
	EQIX	B	0.16%	0.03%	0.03%
	ERIE	A	0.03%	0.08%	0.03%
	ETN	D	0.25%	0.19%	0.19%
	EVRG	A	0.03%	0.01%	0.01%
	EXC	A	0.08%	0.11%	0.08%
	EXPD	D	0.04%	0.07%	0.04%
	EXR	B	0.08%	0.07%	0.07%
	F	D	0.09%	0.34%	0.09%
	FANG	D	0.07%	0.05%	0.05%
	FAST	D	0.08%	0.1%	0.08%
	FCNCA	C	0.04%	0.05%	0.04%
	FCX	D	0.13%	0.1%	0.1%
	FDS	C	0.03%	0.05%	0.03%
	FFIV	B	0.02%	0.04%	0.02%
	FICO	A	0.09%	0.21%	0.09%
	FIS	A	0.1%	0.07%	0.07%
	FITB	B	0.06%	0.05%	0.05%
	FNF	B	0.03%	0.03%	0.03%
	FOXA	B	0.02%	0.08%	0.02%
	FTNT	B	0.1%	0.06%	0.06%
	GD	B	0.14%	0.16%	0.14%
	GDDY	C	0.05%	0.1%	0.05%
	GE	C	0.39%	1.11%	0.39%
	GEHC	B	0.07%	0.02%	0.02%
	GGG	D	0.03%	0.04%	0.03%
	GILD	A	0.2%	0.73%	0.2%
	GIS	A	0.08%	0.1%	0.08%
	GLPI	A	0.03%	0.07%	0.03%
	GLW	C	0.07%	0.19%	0.07%
	GM	B	0.12%	0.6%	0.12%
	GOOGL	D	1.95%	1.24%	1.24%
	GPC	D	0.04%	0.02%	0.02%
	GS	C	0.34%	0.48%	0.34%
	GWW	C	0.09%	0.17%	0.09%
	H	C	0.01%	0.01%	0.01%
	HAL	F	0.06%	0.04%	0.04%
	HBAN	B	0.04%	0.03%	0.03%
	HCA	B	0.16%	0.13%	0.13%
	HD	B	0.74%	0.38%	0.38%
	HEI	B	0.03%	0.04%	0.03%
	HEI	B	0.02%	0.04%	0.02%
	HIG	B	0.07%	0.05%	0.05%
	HII	B	0.02%	0.02%	0.02%
	HLT	C	0.11%	0.08%	0.08%
	HOLX	A	0.04%	0.03%	0.03%
	HOOD	D	0.02%	0.03%	0.02%
	HPE	D	0.05%	0.24%	0.05%
	HPQ	D	0.07%	0.28%	0.07%
	HRL	A	0.02%	0.01%	0.01%
	HSIC	C	0.02%	0.03%	0.02%
	HST	D	0.03%	0.02%	0.02%
	HSY	A	0.06%	0.05%	0.05%
	HUBB	C	0.04%	0.09%	0.04%
	HWM	B	0.08%	0.12%	0.08%
	IBM	A	0.38%	1.26%	0.38%
	ICE	A	0.19%	0.28%	0.19%
	IDXX	D	0.08%	0.05%	0.05%
	IEX	D	0.03%	0.08%	0.03%
	IFF	A	0.05%	0.03%	0.03%
	INCY	C	0.02%	0.01%	0.01%
	INTC	F	0.19%	0.41%	0.19%
	INTU	D	0.36%	0.25%	0.25%
	INVH	B	0.05%	0.06%	0.05%
	IP	B	0.03%	0.12%	0.03%
	IPG	B	0.03%	0.07%	0.03%
	IR	D	0.08%	0.09%	0.08%
	IRM	B	0.07%	0.11%	0.07%
	IT	B	0.08%	0.15%	0.08%
	ITW	C	0.15%	0.08%	0.08%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	F	0.03%	0.07%	0.03%
	JKHY	B	0.03%	0.1%	0.03%
	JNJ	B	0.81%	0.98%	0.81%
	JNPR	A	0.03%	0.12%	0.03%
	JPM	B	1.31%	0.96%	0.96%
	K	A	0.04%	0.1%	0.04%
	KDP	A	0.08%	0.06%	0.06%
	KEY	B	0.03%	0.02%	0.02%
	KHC	A	0.07%	0.15%	0.07%
	KKR	B	0.16%	0.13%	0.13%
	KLAC	D	0.22%	0.26%	0.22%
	KMB	A	0.1%	0.16%	0.1%
	KMI	B	0.09%	0.08%	0.08%
	KNX	D	0.02%	0.01%	0.01%
	KO	B	0.6%	0.58%	0.58%
	KR	C	0.07%	0.34%	0.07%
	L	B	0.03%	0.08%	0.03%
	LDOS	B	0.04%	0.08%	0.04%
	LEN	B	0.09%	0.08%	0.08%
	LHX	C	0.09%	0.19%	0.09%
	LII	C	0.04%	0.23%	0.04%
	LLY	B	1.57%	2.56%	1.57%
	LMT	A	0.25%	0.5%	0.25%
	LOW	B	0.29%	0.23%	0.23%
	LPLA	D	0.03%	0.07%	0.03%
	LRCX	F	0.22%	0.3%	0.22%
	LVS	D	0.03%	0.01%	0.01%
	LW	D	0.02%	0.03%	0.02%
	LYB	D	0.05%	0.22%	0.05%
	MA	B	0.82%	0.76%	0.76%
	MANH	B	0.03%	0.03%	0.03%
	MAR	D	0.12%	0.11%	0.11%
	MAS	B	0.04%	0.06%	0.04%
	MCD	A	0.42%	0.38%	0.38%
	MCK	D	0.15%	0.54%	0.15%
	MCO	B	0.16%	0.03%	0.03%
	MDLZ	A	0.2%	0.2%	0.2%
	MET	B	0.1%	0.36%	0.1%
	META	C	2.31%	2.02%	2.02%
	MKC	A	0.04%	0.07%	0.04%
	MKL	C	0.04%	0.03%	0.03%
	MKTX	A	0.02%	0.02%	0.02%
	MLM	D	0.07%	0.06%	0.06%
	MMC	A	0.23%	0.18%	0.18%
	MMM	B	0.15%	0.41%	0.15%
	MNST	D	0.07%	0.05%	0.05%
	MO	A	0.19%	0.5%	0.19%
	MOH	C	0.04%	0.03%	0.03%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.13%	0.68%	0.13%
	MPWR	C	0.09%	0.09%	0.09%
	MRK	D	0.61%	0.86%	0.61%
	MRO	C	0.03%	0.11%	0.03%
	MSCI	B	0.09%	0.07%	0.07%
	MSI	B	0.15%	0.15%	0.15%
	MTB	B	0.06%	0.03%	0.03%
	MTD	C	0.06%	0.08%	0.06%
	MU	F	0.22%	0.16%	0.16%
	NBIX	D	0.03%	0.04%	0.03%
	NDAQ	A	0.06%	0.02%	0.02%
	NDSN	C	0.03%	0.04%	0.03%
	NEM	B	0.12%	0.1%	0.1%
	NFLX	B	0.62%	0.44%	0.44%
	NKE	C	0.2%	0.04%	0.04%
	NOC	B	0.15%	0.22%	0.15%
	NOW	B	0.35%	0.35%	0.35%
	NRG	C	0.04%	0.07%	0.04%
	NTAP	D	0.05%	0.08%	0.05%
	NTRS	B	0.04%	0.02%	0.02%
	NUE	F	0.07%	0.08%	0.07%
	NVDA	D	6.05%	1.71%	1.71%
	NVR	B	0.06%	0.07%	0.06%
	NWSA	C	0.02%	0.07%	0.02%
	OC	D	0.03%	0.07%	0.03%
	ODFL	D	0.08%	0.01%	0.01%
	OKE	A	0.11%	0.08%	0.08%
	OKTA	F	0.03%	0.03%	0.03%
	OMC	B	0.04%	0.06%	0.04%
	ORCL	A	0.47%	0.99%	0.47%
	ORLY	B	0.14%	0.18%	0.14%
	OTIS	D	0.08%	0.07%	0.07%
	PANW	B	0.24%	0.26%	0.24%
	PARA	F	0.01%	0.02%	0.01%
	PAYX	B	0.09%	0.03%	0.03%
	PCAR	D	0.1%	0.08%	0.08%
	PEG	B	0.08%	0.05%	0.05%
	PEP	A	0.48%	0.58%	0.48%
	PFE	D	0.33%	0.5%	0.33%
	PFG	D	0.04%	0.01%	0.01%
	PG	A	0.82%	0.82%	0.82%
	PGR	A	0.3%	0.49%	0.3%
	PH	B	0.16%	0.13%	0.13%
	PHM	B	0.06%	0.16%	0.06%
	PINS	F	0.04%	0.04%	0.04%
	PKG	B	0.04%	0.05%	0.04%
	PM	A	0.39%	0.53%	0.39%
	PNC	B	0.15%	0.1%	0.1%
	PNR	B	0.03%	0.08%	0.03%
	POOL	C	0.03%	0.06%	0.03%
	PPG	D	0.06%	0.04%	0.04%
	PRU	C	0.09%	0.25%	0.09%
	PSA	A	0.11%	0.03%	0.03%
	PSTG	F	0.03%	0.04%	0.03%
	PSX	D	0.12%	0.58%	0.12%
	PTC	D	0.04%	0.05%	0.04%
	PWR	C	0.08%	0.14%	0.08%
	QCOM	F	0.4%	0.66%	0.4%
	QRVO	D	0.02%	0.01%	0.01%
	RCL	C	0.08%	0.08%	0.08%
	REGN	B	0.26%	0.45%	0.26%
	RJF	D	0.05%	0.01%	0.01%
	RMD	A	0.07%	0.12%	0.07%
	ROL	B	0.03%	0.04%	0.03%
	ROP	C	0.12%	0.06%	0.06%
	ROST	B	0.1%	0.07%	0.07%
	RPM	A	0.03%	0.11%	0.03%
	RPRX	B	0.02%	0.03%	0.02%
	RS	D	0.03%	0.08%	0.03%
	RSG	B	0.09%	0.12%	0.09%
	SBAC	A	0.05%	0.02%	0.02%
	SBUX	B	0.22%	0.06%	0.06%
	SCHW	D	0.2%	0.16%	0.16%
	SEIC	D	0.02%	0.07%	0.02%
	SHW	B	0.18%	0.2%	0.18%
	SJM	A	0.02%	0.03%	0.02%
	SLB	F	0.13%	0.09%	0.09%
	SMCI	F	0.05%	0.15%	0.05%
	SNAP	F	0.02%	0.02%	0.02%
	SPG	B	0.11%	0.14%	0.11%
	SPGI	A	0.33%	0.06%	0.06%
	STE	A	0.05%	0.12%	0.05%
	STLD	D	0.04%	0.04%	0.04%
	STZ	B	0.08%	0.04%	0.04%
	SUI	A	0.03%	0.05%	0.03%
	SYF	C	0.04%	0.31%	0.04%
	SYY	A	0.08%	0.07%	0.07%
	T	A	0.29%	1.09%	0.29%
	TAP	C	0.02%	0.08%	0.02%
	TDG	B	0.16%	0.16%	0.16%
	TER	D	0.04%	0.04%	0.04%
	TFC	B	0.12%	0.09%	0.09%
	TFX	A	0.02%	0.03%	0.02%
	TGT	B	0.14%	0.68%	0.14%
	TJX	B	0.27%	0.33%	0.27%
	TMUS	B	0.21%	0.31%	0.21%
	TRGP	A	0.06%	0.13%	0.06%
	TROW	D	0.05%	0.08%	0.05%
	TRV	A	0.11%	0.29%	0.11%
	TSCO	B	0.06%	0.06%	0.06%
	TSN	A	0.04%	0.22%	0.04%
	TTC	D	0.02%	0.08%	0.02%
	TTWO	B	0.05%	0.07%	0.05%
	TW	B	0.03%	0.05%	0.03%
	TXN	C	0.4%	0.21%	0.21%
	TXT	D	0.04%	0.03%	0.03%
	TYL	A	0.05%	0.07%	0.05%
	UBER	B	0.28%	0.22%	0.22%
	UDR	B	0.03%	0.03%	0.03%
	UHAL	B	0.01%	0.03%	0.01%
	UHAL	B	0.01%	0.01%	0.01%
	UHS	B	0.03%	0.1%	0.03%
	ULTA	D	0.03%	0.04%	0.03%
	UNP	B	0.32%	0.47%	0.32%
	UPS	F	0.19%	0.18%	0.18%
	URI	C	0.1%	0.09%	0.09%
	USB	B	0.15%	0.11%	0.11%
	UTHR	B	0.03%	0.17%	0.03%
	V	A	0.89%	0.8%	0.8%
	VLO	D	0.1%	0.57%	0.1%
	VMC	D	0.07%	0.06%	0.06%
	VRSK	C	0.08%	0.2%	0.08%
	VRSN	C	0.03%	0.04%	0.03%
	VRTX	D	0.26%	0.22%	0.22%
	VST	C	0.06%	0.28%	0.06%
	VTRS	C	0.03%	0.14%	0.03%
	VZ	B	0.36%	0.93%	0.36%
	WAB	B	0.06%	0.04%	0.04%
	WAT	B	0.04%	0.05%	0.04%
	WBA	F	0.01%	0.14%	0.01%
	WDC	D	0.04%	0.15%	0.04%
	WELL	A	0.14%	0.11%	0.11%
	WFC	D	0.42%	1.47%	0.42%
	WM	D	0.17%	0.23%	0.17%
	WMB	B	0.11%	0.08%	0.08%
	WMT	A	0.69%	1.78%	0.69%
	WPC	A	0.03%	0.05%	0.03%
	WRB	B	0.04%	0.02%	0.02%
	WSM	D	0.03%	0.21%	0.03%
	WSO	D	0.03%	0.2%	0.03%
	WST	D	0.05%	0.04%	0.04%
	WTW	A	0.06%	0.05%	0.05%
	XOM	C	1.07%	1.02%	1.02%
	XYL	D	0.07%	0.11%	0.07%
	YUM	B	0.08%	0.1%	0.08%
	ZTS	A	0.17%	0.04%	0.04%

PBUS Overweight 190 Positions Relative to MFUS

	Symbol	Grade	Weight
	MSFT	D	5.97%
	GOOG	D	1.71%
	TSLA	D	1.24%
	UNH	A	1.1%
	AMD	F	0.49%
	TMO	A	0.48%
	LIN	B	0.47%
	ABT	A	0.4%
	ISRG	B	0.35%
	NEE	A	0.34%
	DIS	F	0.34%
	RTX	B	0.33%
	BLK	B	0.27%
	HON	D	0.27%
	MS	C	0.26%
	SYK	A	0.25%
	ADI	C	0.24%
	MDT	A	0.24%
	PLD	B	0.24%
	DE	B	0.21%
	AMT	A	0.21%
	BA	F	0.2%
	SO	A	0.19%
	MELI	B	0.19%
	TT	B	0.17%
	SNPS	D	0.16%
	PYPL	B	0.15%
	CDNS	D	0.15%
	FDX	D	0.14%
	APD	B	0.13%
	CRWD	F	0.13%
	NXPI	D	0.13%
	MRVL	D	0.13%
	NSC	B	0.12%
	PLTR	B	0.12%
	ABNB	F	0.11%
	SRE	B	0.11%
	AEP	A	0.11%
	O	A	0.11%
	GEV	A	0.11%
	WDAY	C	0.11%
	DHI	B	0.11%
	TEL	C	0.1%
	WCN	B	0.1%
	CCI	A	0.1%
	JCI	C	0.1%
	KVUE	A	0.09%
	EW	F	0.09%
	CNC	D	0.09%
	ACGL	B	0.09%
	HUM	D	0.09%
	LNG	B	0.09%
	MCHP	D	0.09%
	IQV	B	0.09%
	TTD	B	0.09%
	D	A	0.09%
	OXY	F	0.08%
	HES	F	0.08%
	CTSH	B	0.08%
	AME	D	0.08%
	PCG	A	0.08%
	VEEV	A	0.07%
	ALNY	C	0.07%
	ON	D	0.07%
	EIX	A	0.07%
	XEL	A	0.07%
	SNOW	F	0.07%
	VICI	A	0.07%
	ED	A	0.07%
	CBRE	B	0.07%
	SQ	D	0.07%
	VLTO	B	0.06%
	AWK	A	0.06%
	GRMN	B	0.06%
	DVN	F	0.06%
	GPN	C	0.06%
	WEC	A	0.06%
	LULU	F	0.06%
	VRT	F	0.06%
	ROK	D	0.06%
	CSGP	C	0.06%
	AVB	B	0.06%
	DDOG	D	0.06%
	FSLR	C	0.05%
	PPL	A	0.05%
	ES	A	0.05%
	ZBH	D	0.05%
	FE	A	0.05%
	HUBS	F	0.05%
	NET	F	0.05%
	SW	D	0.05%
	MRNA	F	0.05%
	VTR	A	0.05%
	EQR	B	0.05%
	DTE	B	0.05%
	ETR	A	0.05%
	TEAM	F	0.05%
	FTV	D	0.05%
	AXON	B	0.05%
	STT	B	0.05%
	DXCM	F	0.05%
	KEYS	C	0.05%
	ZBRA	C	0.04%
	SWKS	D	0.04%
	TPL	C	0.04%
	WBD	D	0.04%
	ZS	F	0.04%
	EXPE	C	0.04%
	EQT	D	0.04%
	ARE	D	0.04%
	MAA	B	0.04%
	TRU	B	0.04%
	J	C	0.04%
	ESS	B	0.04%
	APTV	D	0.04%
	ATO	A	0.04%
	STX	D	0.04%
	TDY	B	0.04%
	CMS	A	0.04%
	ILMN	B	0.04%
	RBLX	B	0.04%
	MSTR	F	0.04%
	MDB	C	0.04%
	EL	F	0.04%
	RF	B	0.04%
	CBOE	A	0.04%
	AEE	A	0.04%
	WY	C	0.04%
	REG	A	0.03%
	KMX	C	0.03%
	DT	A	0.03%
	TRMB	D	0.03%
	PODD	A	0.03%
	BG	D	0.03%
	DKNG	D	0.03%
	NI	A	0.03%
	LNT	A	0.03%
	SNA	D	0.03%
	CF	B	0.03%
	SWK	B	0.03%
	KIM	A	0.03%
	LYV	D	0.03%
	DOC	B	0.03%
	SSNC	B	0.03%
	AMCR	B	0.03%
	ENPH	D	0.03%
	EG	B	0.03%
	ZM	B	0.03%
	CNP	D	0.03%
	WYNN	D	0.02%
	CZR	D	0.02%
	RGEN	C	0.02%
	BSY	D	0.02%
	PAYC	D	0.02%
	CHK	F	0.02%
	IOT	A	0.02%
	DAY	C	0.02%
	TOST	D	0.02%
	Z	B	0.02%
	ROKU	C	0.02%
	MGM	F	0.02%
	CNH	C	0.02%
	SOLV	B	0.02%
	CRL	F	0.02%
	WTRG	D	0.02%
	MTCH	B	0.02%
	RIVN	F	0.02%
	ALB	F	0.02%
	APA	F	0.02%
	TWLO	D	0.02%
	EXAS	B	0.02%
	LKQ	D	0.02%
	TECH	D	0.02%
	OVV	F	0.02%
	EPAM	C	0.02%
	DOCU	A	0.02%
	ALLE	B	0.02%
	LUV	A	0.01%
	CFLT	F	0.01%
	U	D	0.01%
	FOX	B	0.01%
	WLK	D	0.01%
	PATH	D	0.01%
	CELH	F	0.01%
	LSCC	F	0.01%
	CLF	F	0.01%
	ETSY	F	0.01%
	BIO	A	0.01%
	DAL	D	0.01%
	PCTY	C	0.01%

PBUS Underweight 382 Positions Relative to MFUS

	Symbol	Grade	Weight
	ANF	D	-0.29%
	THC	B	-0.28%
	SFM	B	-0.19%
	MUSA	B	-0.16%
	CASY	C	-0.14%
	EVR	B	-0.12%
	CRS	B	-0.11%
	FTI	D	-0.11%
	JXN	C	-0.1%
	GPK	B	-0.1%
	TOL	B	-0.1%
	UNM	B	-0.1%
	USFD	B	-0.09%
	CW	B	-0.09%
	HRB	B	-0.09%
	AN	C	-0.09%
	GPI	B	-0.09%
	AEO	D	-0.09%
	CACI	B	-0.09%
	WU	C	-0.08%
	HLI	B	-0.08%
	LUMN	B	-0.08%
	WCC	D	-0.08%
	EHC	B	-0.08%
	MTH	B	-0.08%
	ALSN	B	-0.08%
	LSTR	D	-0.08%
	OGN	C	-0.08%
	ITT	C	-0.08%
	LECO	F	-0.08%
	TMHC	B	-0.08%
	BWXT	C	-0.08%
	GNTX	D	-0.07%
	HCC	F	-0.07%
	TEX	D	-0.07%
	MLI	B	-0.07%
	SLG	B	-0.07%
	CALM	B	-0.07%
	THO	C	-0.07%
	UFPI	D	-0.07%
	FCN	C	-0.07%
	ATR	A	-0.07%
	ARW	B	-0.07%
	CMC	D	-0.07%
	X	F	-0.07%
	OSK	D	-0.07%
	ABG	D	-0.07%
	AYI	C	-0.07%
	KTB	B	-0.06%
	FIX	C	-0.06%
	VNO	B	-0.06%
	TPH	B	-0.06%
	KD	D	-0.06%
	BERY	B	-0.06%
	IVZ	C	-0.06%
	CRI	C	-0.06%
	CHE	C	-0.06%
	MMS	C	-0.06%
	MSM	D	-0.06%
	INGR	A	-0.06%
	SCI	B	-0.06%
	TPX	D	-0.06%
	FLEX	C	-0.06%
	BC	D	-0.06%
	PK	D	-0.06%
	R	C	-0.06%
	FL	D	-0.06%
	BCC	C	-0.06%
	NSIT	C	-0.06%
	SLM	D	-0.06%
	CNX	B	-0.06%
	SEE	D	-0.06%
	PBF	F	-0.06%
	LPX	B	-0.06%
	VIRT	A	-0.05%
	WEN	C	-0.05%
	GNRC	C	-0.05%
	AMG	C	-0.05%
	COOP	B	-0.05%
	SIG	F	-0.05%
	M	F	-0.05%
	CBT	B	-0.05%
	SKYW	D	-0.05%
	MTN	C	-0.05%
	LAMR	B	-0.05%
	NOV	F	-0.05%
	AVT	C	-0.05%
	ATGE	C	-0.05%
	BWA	D	-0.05%
	ATI	C	-0.05%
	RGA	B	-0.05%
	TKR	D	-0.05%
	LOPE	D	-0.05%
	PAG	C	-0.05%
	NYT	C	-0.05%
	CRUS	C	-0.05%
	TXRH	D	-0.05%
	MUR	F	-0.05%
	NXST	D	-0.05%
	POST	B	-0.05%
	LNC	C	-0.05%
	G	B	-0.05%
	IBKR	B	-0.05%
	JLL	B	-0.05%
	SANM	D	-0.05%
	URBN	D	-0.05%
	KSS	F	-0.05%
	EXP	B	-0.05%
	MHO	B	-0.05%
	GT	F	-0.04%
	FHI	B	-0.04%
	APG	D	-0.04%
	APLE	F	-0.04%
	GEO	D	-0.04%
	COLD	B	-0.04%
	OI	C	-0.04%
	XPO	D	-0.04%
	VSH	F	-0.04%
	AROC	D	-0.04%
	XRAY	D	-0.04%
	WTM	B	-0.04%
	OMF	D	-0.04%
	SON	A	-0.04%
	HUBG	B	-0.04%
	SEB	C	-0.04%
	AGNC	A	-0.04%
	RGLD	C	-0.04%
	OLN	F	-0.04%
	FLO	A	-0.04%
	GATX	C	-0.04%
	GVA	B	-0.04%
	VC	F	-0.04%
	SRCL	A	-0.04%
	CNO	B	-0.04%
	AR	F	-0.04%
	RRC	F	-0.04%
	GNW	B	-0.04%
	MAN	D	-0.04%
	MTG	B	-0.04%
	PVH	F	-0.04%
	THG	A	-0.04%
	LANC	D	-0.04%
	DCI	C	-0.04%
	PR	D	-0.04%
	HXL	F	-0.04%
	MOG.A	C	-0.04%
	CUBE	A	-0.04%
	KBH	B	-0.04%
	WHR	D	-0.04%
	NFG	B	-0.04%
	ABM	C	-0.04%
	CLH	C	-0.04%
	BDC	B	-0.04%
	SMG	C	-0.04%
	MAC	B	-0.04%
	BTU	D	-0.04%
	SLGN	B	-0.04%
	ADNT	F	-0.03%
	NVT	F	-0.03%
	COKE	B	-0.03%
	FR	B	-0.03%
	SSD	D	-0.03%
	MATX	C	-0.03%
	RLI	B	-0.03%
	ZION	C	-0.03%
	PRG	B	-0.03%
	MC	B	-0.03%
	DK	F	-0.03%
	VVV	D	-0.03%
	AWI	C	-0.03%
	BRKR	C	-0.03%
	MDU	D	-0.03%
	BKU	B	-0.03%
	YELP	F	-0.03%
	GBX	D	-0.03%
	WH	A	-0.03%
	BFAM	B	-0.03%
	DBRG	F	-0.03%
	SHOO	C	-0.03%
	MORN	C	-0.03%
	NAVI	C	-0.03%
	BJ	D	-0.03%
	WTS	D	-0.03%
	AVA	B	-0.03%
	DLB	F	-0.03%
	HP	F	-0.03%
	PRIM	C	-0.03%
	LSXMK	C	-0.03%
	HBI	B	-0.03%
	SAIA	D	-0.03%
	RUSHA	C	-0.03%
	DOX	C	-0.03%
	CPNG	B	-0.03%
	ASO	C	-0.03%
	SM	D	-0.03%
	TRN	C	-0.03%
	SBH	B	-0.03%
	TDS	B	-0.03%
	PDCO	F	-0.03%
	SEM	D	-0.03%
	BLD	D	-0.03%
	SLVM	B	-0.03%
	FND	C	-0.03%
	AMKR	F	-0.03%
	JEF	B	-0.03%
	MSA	D	-0.03%
	LEA	F	-0.03%
	DDS	D	-0.03%
	CMA	B	-0.03%
	JHG	B	-0.03%
	JWN	A	-0.03%
	CVLT	B	-0.03%
	ACA	D	-0.03%
	TGNA	D	-0.03%
	BHF	D	-0.03%
	RL	A	-0.03%
	GMS	D	-0.03%
	VFC	B	-0.02%
	DNOW	D	-0.02%
	PTEN	F	-0.02%
	DAN	F	-0.02%
	NWL	A	-0.02%
	GWRE	A	-0.02%
	LEG	D	-0.02%
	SNDR	B	-0.02%
	CHDN	D	-0.02%
	RHI	D	-0.02%
	APOG	C	-0.02%
	LXP	B	-0.02%
	DORM	B	-0.02%
	HNI	B	-0.02%
	EWBC	C	-0.02%
	ODP	F	-0.02%
	SAM	D	-0.02%
	ANDE	D	-0.02%
	OSIS	C	-0.02%
	IGT	C	-0.02%
	GES	F	-0.02%
	LBRDK	C	-0.02%
	DXC	A	-0.02%
	AGCO	F	-0.02%
	AIT	C	-0.02%
	PMT	C	-0.02%
	XRX	D	-0.02%
	MCY	B	-0.02%
	XHR	D	-0.02%
	PSN	B	-0.02%
	CC	F	-0.02%
	SXT	C	-0.02%
	VSTO	C	-0.02%
	GHC	C	-0.02%
	NTCT	C	-0.02%
	PFSI	A	-0.02%
	NSP	F	-0.02%
	HAE	F	-0.02%
	AA	F	-0.02%
	EPC	C	-0.02%
	AIR	D	-0.02%
	RLJ	F	-0.02%
	GEF	D	-0.02%
	REZI	D	-0.02%
	GMED	C	-0.02%
	LNW	B	-0.02%
	FAF	A	-0.02%
	PNM	A	-0.02%
	ORA	C	-0.02%
	KMPR	C	-0.02%
	SKX	B	-0.02%
	KBR	C	-0.02%
	EXEL	B	-0.02%
	FLS	C	-0.02%
	WMS	D	-0.02%
	CXW	D	-0.02%
	TDC	F	-0.02%
	APAM	D	-0.02%
	WERN	D	-0.02%
	PINC	A	-0.02%
	PLXS	B	-0.02%
	BKE	B	-0.02%
	MASI	D	-0.02%
	COHR	C	-0.02%
	AXTA	C	-0.02%
	LZB	C	-0.02%
	DRH	D	-0.02%
	RYN	B	-0.02%
	THS	A	-0.02%
	STC	B	-0.02%
	UNF	C	-0.02%
	SHO	D	-0.02%
	NEU	D	-0.02%
	VNT	F	-0.02%
	HOG	B	-0.02%
	AAP	F	-0.01%
	SCHL	D	-0.01%
	UAL	C	-0.01%
	SCL	D	-0.01%
	LYFT	F	-0.01%
	JAZZ	D	-0.01%
	ARCH	F	-0.01%
	TPR	B	-0.01%
	HELE	D	-0.01%
	CACC	F	-0.01%
	SWN	F	-0.01%
	SCCO	D	-0.01%
	KALU	F	-0.01%
	UVV	B	-0.01%
	ECPG	C	-0.01%
	WGO	D	-0.01%
	HUN	D	-0.01%
	ESI	D	-0.01%
	SWX	D	-0.01%
	MKSI	F	-0.01%
	ELAN	B	-0.01%
	WOR	F	-0.01%
	SIGI	D	-0.01%
	JELD	F	-0.01%
	MLKN	D	-0.01%
	JBGS	B	-0.01%
	HPP	D	-0.01%
	MTDR	F	-0.01%
	AMED	B	-0.01%
	DY	D	-0.01%
	BECN	D	-0.01%
	WMK	B	-0.01%
	ESAB	D	-0.01%
	PECO	A	-0.01%
	WAFD	B	-0.01%
	BRC	B	-0.01%
	ARCB	F	-0.01%
	CENTA	D	-0.01%
	SAIC	B	-0.01%
	CPRI	C	-0.01%
	DTM	B	-0.01%
	SYNA	F	-0.01%
	SPB	B	-0.01%
	FYBR	A	-0.01%
	FHN	C	-0.01%
	WTFC	B	-0.01%
	FELE	D	-0.01%
	CADE	C	-0.01%
	CBSH	B	-0.01%
	FLR	C	-0.01%
	STRA	D	-0.01%
	CSGS	C	-0.01%
	ONB	C	-0.01%
	KN	D	-0.01%
	SF	C	-0.01%
	CR	C	-0.01%
	CNM	F	-0.01%
	TREX	F	-0.01%
	CBRL	F	-0.01%
	DEI	B	-0.01%
	TTMI	D	-0.01%
	WWD	D	-0.01%
	SATS	A	-0.01%
	WBS	D	-0.01%
	OLLI	D	-0.01%
	AMWD	D	-0.01%
	LAUR	C	-0.01%
	MHK	B	-0.01%
	NNI	B	-0.01%
	RBC	C	-0.01%
	LADR	B	-0.01%
	OMI	C	-0.01%
	GOLF	C	-0.01%
	IOSP	D	-0.01%
	KEX	D	-0.01%
	PSMT	B	-0.01%
	CVI	F	-0.01%
	CWEN	B	-0.01%
	ESNT	B	-0.01%
	BHE	C	-0.01%
	SNV	C	-0.01%
	TNET	F	-0.01%
	SAH	C	-0.01%
	LAD	C	-0.01%
	WAL	B	-0.01%
	PHIN	B	-0.01%
	SCS	C	-0.01%
	TTEK	B	-0.01%
	NOMD	A	-0.0%
	WOLF	F	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Semiconductors Asset Management Business Services Software - Infrastructure Diagnostics & Research Oil & Gas E&P Specialty Retail Biotechnology Capital Markets Aerospace & Defense Banks - Regional - US 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 Cloud Computing Semiconductor Banking Mining IBD 50 Insurance Products

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic