PBUS vs. ONOF ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to Global X Adaptive U.S. Risk Management ETF (ONOF)

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

$59.32

Average Daily Volume

175,475

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.41

Average Daily Volume

4,712

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	ONOF
30 Days	1.32%	1.13%
60 Days	4.39%	4.26%
90 Days	6.05%	6.92%
12 Months	32.48%	24.80%

486 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in ONOF	Overlap
	A	F	0.07%	0.08%	0.07%
	AAPL	C	6.38%	6.64%	6.38%
	ABBV	F	0.57%	0.59%	0.57%
	ABNB	D	0.11%	0.11%	0.11%
	ABT	A	0.38%	0.39%	0.38%
	ACGL	D	0.07%	0.07%	0.07%
	ACN	C	0.44%	0.45%	0.44%
	ADBE	D	0.45%	0.46%	0.45%
	ADI	D	0.2%	0.21%	0.2%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.24%	0.24%	0.24%
	ADSK	B	0.13%	0.13%	0.13%
	AEE	A	0.05%	0.05%	0.05%
	AEP	C	0.1%	0.1%	0.1%
	AFL	C	0.11%	0.11%	0.11%
	AIG	C	0.1%	0.1%	0.1%
	AJG	B	0.12%	0.12%	0.12%
	AKAM	F	0.03%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.1%	0.1%
	ALNY	D	0.06%	0.06%	0.06%
	AMAT	F	0.3%	0.3%	0.3%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.43%	0.44%	0.43%
	AME	A	0.09%	0.09%	0.09%
	AMGN	D	0.3%	0.31%	0.3%
	AMP	A	0.11%	0.11%	0.11%
	AMT	D	0.17%	0.18%	0.17%
	AMZN	B	3.8%	3.9%	3.8%
	ANET	C	0.2%	0.18%	0.18%
	ANSS	B	0.06%	0.06%	0.06%
	AON	B	0.14%	0.14%	0.14%
	APD	A	0.13%	0.14%	0.13%
	APH	B	0.17%	0.17%	0.17%
	APO	A	0.13%	0.13%	0.13%
	APP	A	0.11%	0.13%	0.11%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.03%	0.03%	0.03%
	ARES	A	0.06%	0.06%	0.06%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.06%	0.06%	0.06%
	AVGO	C	1.45%	1.53%	1.45%
	AVTR	F	0.03%	0.03%	0.03%
	AVY	D	0.03%	0.03%	0.03%
	AWK	C	0.05%	0.05%	0.05%
	AXON	A	0.08%	0.08%	0.08%
	AXP	B	0.32%	0.32%	0.32%
	AZO	C	0.1%	0.11%	0.1%
	BA	D	0.19%	0.16%	0.16%
	BAC	A	0.62%	0.61%	0.61%
	BAH	D	0.04%	0.04%	0.04%
	BALL	D	0.04%	0.04%	0.04%
	BAX	F	0.03%	0.03%	0.03%
	BBY	D	0.04%	0.03%	0.03%
	BDX	F	0.13%	0.13%	0.13%
	BG	D	0.02%	0.02%	0.02%
	BIIB	F	0.05%	0.05%	0.05%
	BK	B	0.11%	0.11%	0.11%
	BKNG	A	0.32%	0.33%	0.32%
	BKR	B	0.08%	0.09%	0.08%
	BLDR	D	0.04%	0.04%	0.04%
	BLK	B	0.3%	0.3%	0.3%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	A	0.23%	0.23%	0.23%
	BR	B	0.05%	0.05%	0.05%
	BRK.A	B	1.19%	1.21%	1.19%
	BRO	B	0.05%	0.05%	0.05%
	BSX	A	0.25%	0.25%	0.25%
	BSY	D	0.01%	0.01%	0.01%
	BX	A	0.25%	0.25%	0.25%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.25%	0.25%	0.25%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.06%	0.06%
	CARR	D	0.12%	0.12%	0.12%
	CAT	C	0.36%	0.37%	0.36%
	CB	C	0.21%	0.23%	0.21%
	CBOE	C	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.08%	0.08%
	CCI	C	0.09%	0.09%	0.09%
	CCL	A	0.05%	0.05%	0.05%
	CDNS	B	0.16%	0.16%	0.16%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	C	0.14%	0.14%	0.14%
	CF	A	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CHD	A	0.05%	0.05%	0.05%
	CHTR	B	0.07%	0.07%	0.07%
	CI	D	0.18%	0.18%	0.18%
	CINF	A	0.04%	0.04%	0.04%
	CL	D	0.14%	0.15%	0.14%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	B	0.33%	0.33%	0.33%
	CME	A	0.15%	0.16%	0.15%
	CMG	C	0.16%	0.16%	0.16%
	CMI	A	0.1%	0.1%	0.1%
	CMS	C	0.04%	0.04%	0.04%
	CNC	F	0.06%	0.06%	0.06%
	CNP	A	0.04%	0.04%	0.04%
	COF	B	0.13%	0.14%	0.13%
	COIN	A	0.1%	0.11%	0.1%
	COP	B	0.25%	0.26%	0.25%
	COR	B	0.08%	0.08%	0.08%
	COST	A	0.79%	0.8%	0.79%
	CPAY	A	0.05%	0.05%	0.05%
	CPB	D	0.02%	0.02%	0.02%
	CPRT	B	0.1%	0.1%	0.1%
	CRM	B	0.62%	0.6%	0.6%
	CRWD	B	0.15%	0.15%	0.15%
	CSCO	B	0.45%	0.46%	0.45%
	CSGP	F	0.06%	0.06%	0.06%
	CSL	C	0.04%	0.04%	0.04%
	CSX	C	0.13%	0.14%	0.13%
	CTAS	B	0.15%	0.15%	0.15%
	CTRA	B	0.04%	0.04%	0.04%
	CTSH	C	0.08%	0.08%	0.08%
	CTVA	C	0.08%	0.08%	0.08%
	CVS	F	0.13%	0.14%	0.13%
	CVX	A	0.54%	0.54%	0.54%
	D	C	0.09%	0.09%	0.09%
	DAL	A	0.02%	0.08%	0.02%
	DASH	A	0.1%	0.11%	0.1%
	DD	D	0.07%	0.06%	0.06%
	DDOG	A	0.07%	0.08%	0.07%
	DE	C	0.2%	0.19%	0.19%
	DECK	A	0.05%	0.06%	0.05%
	DELL	B	0.07%	0.08%	0.07%
	DFS	B	0.08%	0.08%	0.08%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHI	D	0.09%	0.1%	0.09%
	DHR	D	0.31%	0.3%	0.3%
	DIS	B	0.38%	0.39%	0.38%
	DKNG	B	0.03%	0.04%	0.03%
	DLR	A	0.11%	0.11%	0.11%
	DLTR	F	0.03%	0.03%	0.03%
	DOC	D	0.03%	0.03%	0.03%
	DOV	B	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.06%	0.06%
	DRI	C	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.05%	0.05%
	DUK	C	0.16%	0.17%	0.16%
	DVN	F	0.05%	0.05%	0.05%
	DXCM	C	0.06%	0.06%	0.06%
	EA	A	0.08%	0.08%	0.08%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.12%	0.12%	0.12%
	ED	C	0.06%	0.06%	0.06%
	EFX	F	0.06%	0.06%	0.06%
	EG	D	0.03%	0.02%	0.02%
	EIX	C	0.06%	0.06%	0.06%
	EL	F	0.03%	0.03%	0.03%
	ELV	F	0.18%	0.19%	0.18%
	EME	A	0.04%	0.04%	0.04%
	EMR	A	0.14%	0.14%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	F	0.03%	0.03%	0.03%
	EOG	A	0.15%	0.15%	0.15%
	EQIX	A	0.17%	0.16%	0.16%
	EQR	C	0.05%	0.05%	0.05%
	EQT	A	0.05%	0.05%	0.05%
	ERIE	F	0.02%	0.02%	0.02%
	ES	C	0.04%	0.04%	0.04%
	ESS	A	0.04%	0.04%	0.04%
	ETN	B	0.28%	0.28%	0.28%
	ETR	A	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	C	0.08%	0.08%	0.08%
	EXC	C	0.07%	0.07%	0.07%
	EXPD	D	0.03%	0.03%	0.03%
	EXPE	B	0.04%	0.04%	0.04%
	EXR	C	0.07%	0.07%	0.07%
	F	C	0.08%	0.08%	0.08%
	FANG	D	0.07%	0.06%	0.06%
	FAST	B	0.09%	0.09%	0.09%
	FCNCA	A	0.04%	0.05%	0.04%
	FCX	F	0.12%	0.12%	0.12%
	FDS	B	0.04%	0.04%	0.04%
	FDX	B	0.13%	0.13%	0.13%
	FE	C	0.04%	0.04%	0.04%
	FI	A	0.24%	0.24%	0.24%
	FICO	B	0.11%	0.11%	0.11%
	FIS	C	0.09%	0.1%	0.09%
	FITB	B	0.06%	0.06%	0.06%
	FLUT	A	0.09%	0.09%	0.09%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	B	0.12%	0.11%	0.11%
	FTV	D	0.05%	0.05%	0.05%
	GD	D	0.13%	0.13%	0.13%
	GDDY	A	0.05%	0.05%	0.05%
	GE	D	0.37%	0.38%	0.37%
	GEHC	D	0.07%	0.07%	0.07%
	GEV	A	0.17%	0.18%	0.17%
	GILD	C	0.22%	0.23%	0.22%
	GIS	F	0.07%	0.07%	0.07%
	GLW	B	0.07%	0.07%	0.07%
	GM	B	0.13%	0.13%	0.13%
	GOOG	B	1.72%	1.82%	1.72%
	GOOGL	B	1.98%	2.02%	1.98%
	GPC	F	0.03%	0.03%	0.03%
	GPN	C	0.06%	0.06%	0.06%
	GRMN	B	0.06%	0.06%	0.06%
	GS	B	0.36%	0.36%	0.36%
	GWW	B	0.1%	0.1%	0.1%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	B	0.05%	0.05%	0.05%
	HCA	F	0.13%	0.13%	0.13%
	HD	A	0.77%	0.79%	0.77%
	HEI	A	0.02%	0.03%	0.02%
	HEI	A	0.02%	0.02%	0.02%
	HEI	A	0.03%	0.03%	0.03%
	HEI	A	0.03%	0.02%	0.02%
	HES	B	0.08%	0.08%	0.08%
	HIG	B	0.07%	0.07%	0.07%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.29%	0.3%	0.29%
	HOOD	A	0.03%	0.03%	0.03%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	D	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUBS	B	0.06%	0.07%	0.06%
	HUM	D	0.07%	0.07%	0.07%
	HWM	A	0.08%	0.09%	0.08%
	IBM	C	0.37%	0.38%	0.37%
	ICE	C	0.17%	0.17%	0.17%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.04%	0.04%	0.04%
	ILMN	C	0.04%	0.04%	0.04%
	INCY	C	0.02%	0.03%	0.02%
	INTC	C	0.2%	0.21%	0.2%
	INTU	B	0.38%	0.38%	0.38%
	INVH	D	0.04%	0.04%	0.04%
	IOT	A	0.02%	0.02%	0.02%
	IQV	F	0.07%	0.07%	0.07%
	IR	B	0.08%	0.08%	0.08%
	IRM	C	0.06%	0.06%	0.06%
	ISRG	A	0.37%	0.37%	0.37%
	IT	C	0.08%	0.08%	0.08%
	ITW	B	0.16%	0.16%	0.16%
	J	D	0.03%	0.03%	0.03%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	B	0.11%	0.11%	0.11%
	JNJ	D	0.7%	0.72%	0.7%
	JPM	A	1.33%	1.35%	1.33%
	K	B	0.04%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEYS	C	0.05%	0.05%	0.05%
	KHC	F	0.06%	0.05%	0.05%
	KKR	A	0.18%	0.2%	0.18%
	KLAC	F	0.17%	0.17%	0.17%
	KMB	C	0.09%	0.09%	0.09%
	KMI	A	0.1%	0.1%	0.1%
	KO	D	0.49%	0.48%	0.48%
	KR	B	0.08%	0.08%	0.08%
	KVUE	A	0.09%	0.09%	0.09%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.04%	0.04%	0.04%
	LEN	D	0.08%	0.08%	0.08%
	LEN	D	0.08%	0.0%	0.0%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.09%	0.09%	0.09%
	LII	A	0.04%	0.04%	0.04%
	LIN	D	0.42%	0.43%	0.42%
	LLY	F	1.22%	1.31%	1.22%
	LMT	D	0.22%	0.25%	0.22%
	LNG	A	0.09%	0.09%	0.09%
	LNT	A	0.03%	0.03%	0.03%
	LOW	C	0.3%	0.3%	0.3%
	LPLA	A	0.04%	0.05%	0.04%
	LRCX	F	0.19%	0.19%	0.19%
	LULU	C	0.07%	0.07%	0.07%
	LUV	B	0.01%	0.04%	0.01%
	LVS	B	0.03%	0.03%	0.03%
	LYB	F	0.04%	0.04%	0.04%
	LYV	A	0.04%	0.04%	0.04%
	MA	B	0.83%	0.84%	0.83%
	MAA	A	0.03%	0.04%	0.03%
	MAR	B	0.13%	0.13%	0.13%
	MCD	D	0.41%	0.42%	0.41%
	MCHP	F	0.07%	0.07%	0.07%
	MCK	A	0.15%	0.16%	0.15%
	MCO	D	0.15%	0.15%	0.15%
	MDB	C	0.04%	0.04%	0.04%
	MDLZ	F	0.17%	0.17%	0.17%
	MDT	D	0.21%	0.22%	0.21%
	MELI	D	0.16%	0.18%	0.16%
	MET	A	0.1%	0.1%	0.1%
	META	C	2.43%	2.47%	2.43%
	MGM	D	0.02%	0.02%	0.02%
	MKC	D	0.04%	0.04%	0.04%
	MKL	A	0.04%	0.05%	0.04%
	MLM	B	0.07%	0.07%	0.07%
	MMC	D	0.21%	0.21%	0.21%
	MMM	D	0.14%	0.14%	0.14%
	MNST	C	0.08%	0.08%	0.08%
	MO	A	0.18%	0.19%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MPC	D	0.11%	0.1%	0.1%
	MPWR	F	0.05%	0.06%	0.05%
	MRK	F	0.48%	0.49%	0.48%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	A	0.03%	0.03%	0.03%
	MRVL	B	0.15%	0.15%	0.15%
	MS	A	0.31%	0.32%	0.31%
	MSCI	B	0.09%	0.09%	0.09%
	MSFT	D	5.79%	6.15%	5.79%
	MSI	B	0.16%	0.16%	0.16%
	MSTR	A	0.1%	0.12%	0.1%
	MTB	A	0.07%	0.07%	0.07%
	MTD	F	0.05%	0.05%	0.05%
	MU	D	0.21%	0.22%	0.21%
	NDAQ	A	0.06%	0.06%	0.06%
	NDSN	D	0.03%	0.03%	0.03%
	NEE	C	0.3%	0.3%	0.3%
	NEM	D	0.09%	0.09%	0.09%
	NET	B	0.05%	0.05%	0.05%
	NFLX	A	0.69%	0.69%	0.69%
	NKE	F	0.18%	0.18%	0.18%
	NOC	D	0.13%	0.15%	0.13%
	NOW	B	0.41%	0.42%	0.41%
	NSC	B	0.11%	0.12%	0.11%
	NTAP	C	0.05%	0.05%	0.05%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	D	0.07%	0.07%	0.07%
	NVDA	A	6.93%	6.8%	6.8%
	NVR	D	0.05%	0.05%	0.05%
	O	C	0.09%	0.1%	0.09%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.12%	0.12%	0.12%
	OKTA	D	0.02%	0.02%	0.02%
	OMC	C	0.04%	0.04%	0.04%
	ON	F	0.06%	0.06%	0.06%
	ORCL	A	0.59%	0.6%	0.59%
	ORLY	B	0.14%	0.14%	0.14%
	OTIS	C	0.08%	0.08%	0.08%
	OXY	F	0.06%	0.07%	0.06%
	PANW	B	0.24%	0.25%	0.24%
	PAYX	B	0.09%	0.09%	0.09%
	PCAR	C	0.12%	0.12%	0.12%
	PCG	A	0.08%	0.09%	0.08%
	PEG	C	0.08%	0.08%	0.08%
	PEP	F	0.44%	0.45%	0.44%
	PFE	F	0.28%	0.29%	0.28%
	PFG	C	0.04%	0.04%	0.04%
	PG	C	0.76%	0.77%	0.76%
	PGR	B	0.29%	0.3%	0.29%
	PH	B	0.17%	0.17%	0.17%
	PHM	D	0.05%	0.05%	0.05%
	PINS	F	0.03%	0.03%	0.03%
	PLD	D	0.2%	0.21%	0.2%
	PLTR	A	0.23%	0.23%	0.23%
	PM	A	0.38%	0.39%	0.38%
	PNC	B	0.16%	0.16%	0.16%
	PPG	F	0.06%	0.06%	0.06%
	PPL	A	0.05%	0.05%	0.05%
	PRU	B	0.09%	0.09%	0.09%
	PSA	C	0.1%	0.1%	0.1%
	PSTG	F	0.03%	0.03%	0.03%
	PSX	C	0.11%	0.11%	0.11%
	PTC	B	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.09%	0.09%
	PYPL	B	0.16%	0.18%	0.16%
	QCOM	F	0.35%	0.36%	0.35%
	RBLX	B	0.05%	0.05%	0.05%
	RCL	A	0.11%	0.1%	0.1%
	REGN	F	0.16%	0.16%	0.16%
	RF	A	0.05%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RMD	C	0.06%	0.07%	0.06%
	ROK	B	0.06%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	C	0.12%	0.12%	0.12%
	ROST	D	0.09%	0.09%	0.09%
	RPRX	F	0.02%	0.02%	0.02%
	RS	B	0.03%	0.03%	0.03%
	RSG	A	0.09%	0.08%	0.08%
	RTX	D	0.3%	0.31%	0.3%
	RVTY	D	0.03%	0.03%	0.03%
	SBAC	D	0.04%	0.05%	0.04%
	SBUX	A	0.22%	0.22%	0.22%
	SCHW	A	0.23%	0.23%	0.23%
	SHW	C	0.18%	0.18%	0.18%
	SLB	C	0.12%	0.12%	0.12%
	SMCI	F	0.02%	0.02%	0.02%
	SNAP	D	0.02%	0.02%	0.02%
	SNOW	C	0.07%	0.08%	0.07%
	SNPS	C	0.16%	0.16%	0.16%
	SO	C	0.18%	0.19%	0.18%
	SPG	A	0.11%	0.11%	0.11%
	SPGI	D	0.31%	0.31%	0.31%
	SQ	A	0.09%	0.09%	0.09%
	SRE	A	0.11%	0.11%	0.11%
	SSNC	C	0.03%	0.03%	0.03%
	STE	D	0.04%	0.04%	0.04%
	STLD	B	0.04%	0.04%	0.04%
	STT	B	0.05%	0.06%	0.05%
	STX	D	0.04%	0.04%	0.04%
	STZ	D	0.08%	0.07%	0.07%
	SUI	C	0.03%	0.03%	0.03%
	SW	A	0.05%	0.05%	0.05%
	SWK	F	0.02%	0.03%	0.02%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.05%	0.05%
	SYK	A	0.25%	0.24%	0.24%
	SYY	D	0.07%	0.07%	0.07%
	T	A	0.31%	0.31%	0.31%
	TDG	D	0.14%	0.14%	0.14%
	TDY	B	0.04%	0.04%	0.04%
	TEAM	A	0.08%	0.08%	0.08%
	TER	F	0.03%	0.03%	0.03%
	TFC	A	0.12%	0.12%	0.12%
	TGT	B	0.14%	0.14%	0.14%
	TJX	A	0.26%	0.27%	0.26%
	TMO	F	0.39%	0.4%	0.39%
	TMUS	B	0.24%	0.22%	0.22%
	TPL	A	0.05%	0.06%	0.05%
	TRGP	A	0.08%	0.08%	0.08%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.04%	0.04%
	TRV	A	0.11%	0.12%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	A	1.71%	1.7%	1.7%
	TSN	B	0.04%	0.03%	0.03%
	TT	A	0.18%	0.18%	0.18%
	TTD	B	0.11%	0.11%	0.11%
	TTWO	A	0.06%	0.06%	0.06%
	TW	A	0.03%	0.03%	0.03%
	TXN	C	0.36%	0.37%	0.36%
	TYL	B	0.05%	0.05%	0.05%
	UBER	F	0.26%	0.28%	0.26%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.05%	1.07%	1.05%
	UNP	D	0.28%	0.28%	0.28%
	UPS	C	0.19%	0.19%	0.19%
	URI	B	0.11%	0.11%	0.11%
	USB	B	0.15%	0.15%	0.15%
	V	A	0.93%	1.01%	0.93%
	VEEV	C	0.07%	0.07%	0.07%
	VICI	C	0.06%	0.06%	0.06%
	VLO	C	0.09%	0.09%	0.09%
	VLTO	C	0.05%	0.04%	0.04%
	VMC	B	0.07%	0.07%	0.07%
	VRSK	B	0.08%	0.08%	0.08%
	VRSN	F	0.03%	0.03%	0.03%
	VRT	A	0.08%	0.09%	0.08%
	VRTX	D	0.24%	0.24%	0.24%
	VST	A	0.09%	0.1%	0.09%
	VTR	B	0.05%	0.05%	0.05%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.33%	0.34%	0.33%
	WAB	B	0.07%	0.07%	0.07%
	WAT	C	0.04%	0.05%	0.04%
	WBD	B	0.04%	0.04%	0.04%
	WDAY	C	0.11%	0.12%	0.11%
	WDC	F	0.04%	0.04%	0.04%
	WEC	A	0.06%	0.06%	0.06%
	WELL	A	0.15%	0.16%	0.15%
	WFC	A	0.49%	0.49%	0.49%
	WLK	F	0.01%	0.01%	0.01%
	WM	B	0.17%	0.18%	0.17%
	WMB	A	0.13%	0.13%	0.13%
	WMT	A	0.72%	0.73%	0.72%
	WRB	B	0.04%	0.03%	0.03%
	WSM	D	0.03%	0.03%	0.03%
	WSO	A	0.04%	0.04%	0.04%
	WST	D	0.05%	0.05%	0.05%
	WTW	B	0.06%	0.06%	0.06%
	WY	D	0.04%	0.04%	0.04%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.04%	1.05%	1.04%
	XYL	D	0.06%	0.06%	0.06%
	YUM	D	0.07%	0.07%	0.07%
	ZBH	C	0.04%	0.04%	0.04%
	ZBRA	B	0.04%	0.04%	0.04%
	ZM	B	0.04%	0.04%	0.04%
	ZS	B	0.04%	0.04%	0.04%
	ZTS	D	0.15%	0.16%	0.15%

PBUS Overweight 101 Positions Relative to ONOF

	Symbol	Grade	Weight
	NXPI	F	0.11%
	WCN	A	0.09%
	IP	A	0.04%
	NRG	B	0.04%
	SNA	B	0.04%
	PKG	B	0.04%
	GLPI	C	0.03%
	POOL	D	0.03%
	UDR	C	0.03%
	EPAM	C	0.03%
	FFIV	B	0.03%
	ACM	B	0.03%
	TOST	A	0.03%
	DPZ	C	0.03%
	GGG	B	0.03%
	DT	C	0.03%
	EQH	B	0.03%
	FNF	A	0.03%
	TWLO	A	0.03%
	UTHR	C	0.03%
	NI	A	0.03%
	TXT	D	0.03%
	DOCU	B	0.03%
	OC	A	0.03%
	KIM	A	0.03%
	GEN	B	0.03%
	MAS	D	0.03%
	MANH	D	0.03%
	PNR	B	0.03%
	BURL	A	0.03%
	RPM	B	0.03%
	KEY	B	0.03%
	PODD	B	0.03%
	MTCH	F	0.02%
	CHRD	F	0.02%
	DVA	C	0.02%
	CRBG	B	0.02%
	APA	F	0.02%
	MOS	D	0.02%
	TTC	F	0.02%
	HSIC	C	0.02%
	AOS	F	0.02%
	TFX	F	0.02%
	SEIC	B	0.02%
	KNX	B	0.02%
	CNH	C	0.02%
	EXAS	D	0.02%
	ROKU	D	0.02%
	WYNN	D	0.02%
	FBIN	F	0.02%
	CRL	D	0.02%
	MKTX	D	0.02%
	SOLV	F	0.02%
	WTRG	B	0.02%
	ALLY	C	0.02%
	AES	F	0.02%
	AFG	A	0.02%
	LKQ	F	0.02%
	CTLT	D	0.02%
	CCK	D	0.02%
	AIZ	A	0.02%
	NWSA	B	0.02%
	PAYC	B	0.02%
	IPG	F	0.02%
	TECH	F	0.02%
	Z	A	0.02%
	LW	C	0.02%
	TAP	B	0.02%
	SJM	D	0.02%
	EMN	D	0.02%
	DKS	D	0.02%
	ALB	B	0.02%
	WPC	C	0.02%
	KMX	C	0.02%
	CG	B	0.02%
	OVV	C	0.02%
	NBIX	C	0.02%
	AMH	C	0.02%
	HST	D	0.02%
	DAY	B	0.02%
	UHS	D	0.02%
	JNPR	D	0.02%
	JKHY	D	0.02%
	ELS	B	0.02%
	CPT	C	0.02%
	ALLE	D	0.02%
	CHRW	B	0.02%
	REG	A	0.02%
	CELH	F	0.01%
	UHAL	D	0.01%
	BEN	C	0.01%
	WBA	F	0.01%
	QRVO	F	0.01%
	BBWI	C	0.01%
	PARA	D	0.01%
	DINO	D	0.01%
	H	B	0.01%
	ACI	C	0.01%
	RIVN	F	0.01%
	BIO	C	0.01%
	HII	F	0.01%

PBUS Underweight 16 Positions Relative to ONOF

	Symbol	Grade	Weight
	SPOT	B	-0.13%
	UAL	A	-0.06%
	CVNA	A	-0.05%
	CPNG	D	-0.05%
	IBKR	A	-0.03%
	TKO	A	-0.02%
	SCCO	F	-0.02%
	DOX	D	-0.02%
	OWL	A	-0.02%
	GFS	C	-0.01%
	WMG	C	-0.01%
	EDR	A	-0.01%
	TPG	A	-0.01%
	SIRI	D	-0.0%
	RKT	F	-0.0%
	AGR	A	-0.0%

PBUS: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Semiconductors 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

ONOF: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Asset Management Diagnostics & Research Capital Markets Software - Infrastructure Specialty Retail Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Aerospace & Defense Insurance - Property & Casualty Internet Content & Information Specialty Chemicals Biotechnology Credit Services Health Care Plans

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