PBUS vs. QWLD ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to SPDR MSCI World Quality Mix ETF (QWLD)

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

QWLD

SPDR MSCI World Quality Mix ETF

QWLD Description

The investment seeks to track the performance of the MSCI World Quality Mix Index. The index captures large-and mid-cap representation across 24 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$126.95

Average Daily Volume

3,695

Number of Holdings ^*

609

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	QWLD
30 Days	1.32%	-2.18%
60 Days	4.39%	-0.60%
90 Days	6.05%	0.24%
12 Months	32.48%	21.49%

578 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in QWLD	Overlap
	A	F	0.07%	0.07%	0.07%
	AAPL	C	6.38%	2.5%	2.5%
	ABBV	F	0.57%	0.16%	0.16%
	ABBV	F	0.57%	0.41%	0.41%
	ABNB	D	0.11%	0.01%	0.01%
	ABT	A	0.38%	0.09%	0.09%
	ACGL	D	0.07%	0.25%	0.07%
	ACI	C	0.01%	0.02%	0.01%
	ACM	B	0.03%	0.01%	0.01%
	ACN	C	0.44%	0.65%	0.44%
	ADBE	D	0.45%	0.42%	0.42%
	ADI	D	0.2%	0.04%	0.04%
	ADM	D	0.05%	0.05%	0.05%
	ADP	B	0.24%	0.26%	0.24%
	ADSK	B	0.13%	0.1%	0.1%
	AEE	A	0.05%	0.08%	0.05%
	AEP	C	0.1%	0.07%	0.07%
	AES	F	0.02%	0.01%	0.01%
	AFG	A	0.02%	0.02%	0.02%
	AFL	C	0.11%	0.12%	0.11%
	AIG	C	0.1%	0.07%	0.07%
	AIZ	A	0.02%	0.08%	0.02%
	AJG	B	0.12%	0.18%	0.12%
	AKAM	F	0.03%	0.13%	0.03%
	ALB	B	0.02%	0.01%	0.01%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	A	0.1%	0.07%	0.07%
	ALLE	D	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.02%	0.02%
	AMAT	F	0.3%	0.32%	0.3%
	AMCR	D	0.03%	0.08%	0.03%
	AMD	F	0.43%	0.04%	0.04%
	AME	A	0.09%	0.01%	0.01%
	AMGN	D	0.3%	0.18%	0.18%
	AMH	C	0.02%	0.0%	0.0%
	AMP	A	0.11%	0.09%	0.09%
	AMT	D	0.17%	0.02%	0.02%
	AMZN	B	3.8%	0.37%	0.37%
	ANET	C	0.2%	0.21%	0.2%
	ANSS	B	0.06%	0.0%	0.0%
	AON	B	0.14%	0.17%	0.14%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.02%	0.03%	0.02%
	APD	A	0.13%	0.03%	0.03%
	APH	B	0.17%	0.43%	0.17%
	APO	A	0.13%	0.02%	0.02%
	APP	A	0.11%	0.0%	0.0%
	APTV	F	0.03%	0.01%	0.01%
	ARE	F	0.03%	0.01%	0.01%
	ARES	A	0.06%	0.01%	0.01%
	ATO	A	0.04%	0.01%	0.01%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	1.45%	0.12%	0.12%
	AVTR	F	0.03%	0.01%	0.01%
	AVY	D	0.03%	0.03%	0.03%
	AWK	C	0.05%	0.01%	0.01%
	AXON	A	0.08%	0.0%	0.0%
	AXP	B	0.32%	0.06%	0.06%
	AZO	C	0.1%	0.29%	0.1%
	BA	D	0.19%	0.01%	0.01%
	BAC	A	0.62%	0.38%	0.38%
	BAH	D	0.04%	0.18%	0.04%
	BALL	D	0.04%	0.01%	0.01%
	BAX	F	0.03%	0.01%	0.01%
	BBWI	C	0.01%	0.0%	0.0%
	BBY	D	0.04%	0.05%	0.04%
	BDX	F	0.13%	0.08%	0.08%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.02%	0.02%	0.02%
	BIIB	F	0.05%	0.01%	0.01%
	BIO	C	0.01%	0.0%	0.0%
	BK	B	0.11%	0.05%	0.05%
	BKNG	A	0.32%	0.03%	0.03%
	BKR	B	0.08%	0.02%	0.02%
	BLDR	D	0.04%	0.04%	0.04%
	BMRN	F	0.02%	0.07%	0.02%
	BMY	A	0.23%	0.21%	0.21%
	BR	B	0.05%	0.04%	0.04%
	BRK.A	B	1.19%	0.72%	0.72%
	BRO	B	0.05%	0.14%	0.05%
	BSX	A	0.25%	0.02%	0.02%
	BSY	D	0.01%	0.01%	0.01%
	BURL	A	0.03%	0.01%	0.01%
	BX	A	0.25%	0.03%	0.03%
	BXP	D	0.02%	0.01%	0.01%
	C	B	0.25%	0.25%	0.25%
	CAG	F	0.03%	0.04%	0.03%
	CAH	B	0.06%	0.12%	0.06%
	CARR	D	0.12%	0.02%	0.02%
	CAT	C	0.36%	0.39%	0.36%
	CB	C	0.21%	0.38%	0.21%
	CBOE	C	0.04%	0.24%	0.04%
	CBRE	B	0.08%	0.03%	0.03%
	CCI	C	0.09%	0.01%	0.01%
	CCK	D	0.02%	0.01%	0.01%
	CCL	A	0.05%	0.01%	0.01%
	CDNS	B	0.16%	0.14%	0.14%
	CDW	F	0.05%	0.08%	0.05%
	CE	F	0.02%	0.01%	0.01%
	CEG	C	0.14%	0.02%	0.02%
	CF	A	0.03%	0.12%	0.03%
	CFG	B	0.04%	0.04%	0.04%
	CG	B	0.02%	0.01%	0.01%
	CHD	A	0.05%	0.18%	0.05%
	CHRD	F	0.02%	0.01%	0.01%
	CHRW	B	0.02%	0.01%	0.01%
	CHTR	B	0.07%	0.06%	0.06%
	CI	D	0.18%	0.17%	0.17%
	CINF	A	0.04%	0.02%	0.02%
	CL	D	0.14%	0.19%	0.14%
	CLX	A	0.04%	0.01%	0.01%
	CMCSA	B	0.33%	0.17%	0.17%
	CME	A	0.15%	0.15%	0.15%
	CMG	C	0.16%	0.13%	0.13%
	CMI	A	0.1%	0.09%	0.09%
	CMS	C	0.04%	0.05%	0.04%
	CNC	F	0.06%	0.05%	0.05%
	CNH	C	0.02%	0.02%	0.02%
	CNP	A	0.04%	0.01%	0.01%
	COF	B	0.13%	0.1%	0.1%
	COIN	A	0.1%	0.01%	0.01%
	COP	B	0.25%	0.1%	0.1%
	COR	B	0.08%	0.42%	0.08%
	COST	A	0.79%	0.75%	0.75%
	CPAY	A	0.05%	0.01%	0.01%
	CPB	D	0.02%	0.09%	0.02%
	CPRT	B	0.1%	0.08%	0.08%
	CPT	C	0.02%	0.0%	0.0%
	CRBG	B	0.02%	0.01%	0.01%
	CRL	D	0.02%	0.0%	0.0%
	CRM	B	0.62%	0.05%	0.05%
	CRWD	B	0.15%	0.0%	0.0%
	CSCO	B	0.45%	1.02%	0.45%
	CSGP	F	0.06%	0.0%	0.0%
	CSL	C	0.04%	0.03%	0.03%
	CSX	C	0.13%	0.12%	0.12%
	CTAS	B	0.15%	0.14%	0.14%
	CTLT	D	0.02%	0.01%	0.01%
	CTRA	B	0.04%	0.02%	0.02%
	CTSH	C	0.08%	0.21%	0.08%
	CTVA	C	0.08%	0.05%	0.05%
	CVS	F	0.13%	0.18%	0.13%
	CVX	A	0.54%	0.31%	0.31%
	D	C	0.09%	0.06%	0.06%
	DAL	A	0.02%	0.01%	0.01%
	DASH	A	0.1%	0.0%	0.0%
	DAY	B	0.02%	0.0%	0.0%
	DD	D	0.07%	0.02%	0.02%
	DDOG	A	0.07%	0.0%	0.0%
	DE	C	0.2%	0.06%	0.06%
	DECK	A	0.05%	0.05%	0.05%
	DELL	B	0.07%	0.01%	0.01%
	DFS	B	0.08%	0.04%	0.04%
	DG	F	0.03%	0.01%	0.01%
	DGX	A	0.03%	0.1%	0.03%
	DHI	D	0.09%	0.11%	0.09%
	DHR	D	0.31%	0.05%	0.05%
	DINO	D	0.01%	0.05%	0.01%
	DIS	B	0.38%	0.08%	0.08%
	DKNG	B	0.03%	0.0%	0.0%
	DKS	D	0.02%	0.02%	0.02%
	DLR	A	0.11%	0.02%	0.02%
	DLTR	F	0.03%	0.01%	0.01%
	DOC	D	0.03%	0.01%	0.01%
	DOCU	B	0.03%	0.0%	0.0%
	DOV	B	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.04%	0.04%
	DPZ	C	0.03%	0.06%	0.03%
	DRI	C	0.04%	0.03%	0.03%
	DT	C	0.03%	0.0%	0.0%
	DTE	C	0.05%	0.02%	0.02%
	DUK	C	0.16%	0.36%	0.16%
	DVA	C	0.02%	0.01%	0.01%
	DVN	F	0.05%	0.03%	0.03%
	DXCM	C	0.06%	0.0%	0.0%
	EA	A	0.08%	0.19%	0.08%
	EBAY	D	0.06%	0.01%	0.01%
	ECL	D	0.12%	0.01%	0.01%
	ED	C	0.06%	0.36%	0.06%
	EFX	F	0.06%	0.01%	0.01%
	EG	D	0.03%	0.06%	0.03%
	EIX	C	0.06%	0.02%	0.02%
	EL	F	0.03%	0.01%	0.01%
	ELS	B	0.02%	0.0%	0.0%
	ELV	F	0.18%	0.22%	0.18%
	EME	A	0.04%	0.04%	0.04%
	EMN	D	0.02%	0.01%	0.01%
	EMR	A	0.14%	0.03%	0.03%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	F	0.03%	0.0%	0.0%
	EOG	A	0.15%	0.05%	0.05%
	EPAM	C	0.03%	0.02%	0.02%
	EQH	B	0.03%	0.01%	0.01%
	EQIX	A	0.17%	0.01%	0.01%
	EQR	C	0.05%	0.01%	0.01%
	EQT	A	0.05%	0.01%	0.01%
	ERIE	F	0.02%	0.12%	0.02%
	ES	C	0.04%	0.01%	0.01%
	ESS	A	0.04%	0.01%	0.01%
	ETN	B	0.28%	0.03%	0.03%
	ETR	A	0.06%	0.03%	0.03%
	EVRG	A	0.03%	0.01%	0.01%
	EW	C	0.08%	0.07%	0.07%
	EXAS	D	0.02%	0.0%	0.0%
	EXC	C	0.07%	0.03%	0.03%
	EXPD	D	0.03%	0.04%	0.03%
	EXPE	B	0.04%	0.01%	0.01%
	EXR	C	0.07%	0.01%	0.01%
	F	C	0.08%	0.09%	0.08%
	FANG	D	0.07%	0.09%	0.07%
	FAST	B	0.09%	0.09%	0.09%
	FBIN	F	0.02%	0.01%	0.01%
	FCNCA	A	0.04%	0.12%	0.04%
	FCX	F	0.12%	0.03%	0.03%
	FDS	B	0.04%	0.03%	0.03%
	FDX	B	0.13%	0.07%	0.07%
	FE	C	0.04%	0.01%	0.01%
	FFIV	B	0.03%	0.16%	0.03%
	FI	A	0.24%	0.08%	0.08%
	FICO	B	0.11%	0.04%	0.04%
	FIS	C	0.09%	0.02%	0.02%
	FITB	B	0.06%	0.03%	0.03%
	FNF	A	0.03%	0.01%	0.01%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.01%	0.01%
	FSLR	F	0.04%	0.01%	0.01%
	FTNT	B	0.12%	0.01%	0.01%
	FTV	D	0.05%	0.01%	0.01%
	GD	D	0.13%	0.19%	0.13%
	GDDY	A	0.05%	0.23%	0.05%
	GE	D	0.37%	0.31%	0.31%
	GEHC	D	0.07%	0.02%	0.02%
	GEN	B	0.03%	0.12%	0.03%
	GEV	A	0.17%	0.02%	0.02%
	GGG	B	0.03%	0.03%	0.03%
	GILD	C	0.22%	0.25%	0.22%
	GIS	F	0.07%	0.33%	0.07%
	GLPI	C	0.03%	0.01%	0.01%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.13%	0.18%	0.13%
	GOOG	B	1.72%	0.95%	0.95%
	GOOGL	B	1.98%	1.08%	1.08%
	GPC	F	0.03%	0.05%	0.03%
	GPN	C	0.06%	0.02%	0.02%
	GRMN	B	0.06%	0.05%	0.05%
	GS	B	0.36%	0.17%	0.17%
	GWW	B	0.1%	0.11%	0.1%
	H	B	0.01%	0.0%	0.0%
	HAL	C	0.05%	0.02%	0.02%
	HBAN	B	0.05%	0.03%	0.03%
	HCA	F	0.13%	0.04%	0.04%
	HD	A	0.77%	0.14%	0.14%
	HEI	A	0.03%	0.0%	0.0%
	HEI	A	0.02%	0.0%	0.0%
	HEI	A	0.02%	0.0%	0.0%
	HEI	A	0.03%	0.0%	0.0%
	HES	B	0.08%	0.01%	0.01%
	HIG	B	0.07%	0.03%	0.03%
	HII	F	0.01%	0.01%	0.01%
	HLT	A	0.12%	0.01%	0.01%
	HOLX	D	0.04%	0.01%	0.01%
	HON	B	0.29%	0.25%	0.25%
	HOOD	A	0.03%	0.0%	0.0%
	HPE	B	0.05%	0.04%	0.04%
	HPQ	B	0.07%	0.04%	0.04%
	HRL	D	0.02%	0.09%	0.02%
	HSIC	C	0.02%	0.01%	0.01%
	HST	D	0.02%	0.01%	0.01%
	HSY	F	0.05%	0.16%	0.05%
	HUBB	B	0.05%	0.04%	0.04%
	HUM	D	0.07%	0.16%	0.07%
	HWM	A	0.08%	0.01%	0.01%
	IBM	C	0.37%	0.48%	0.37%
	ICE	C	0.17%	0.03%	0.03%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.03%	0.03%
	IFF	D	0.04%	0.01%	0.01%
	ILMN	C	0.04%	0.0%	0.0%
	INCY	C	0.02%	0.16%	0.02%
	INTC	C	0.2%	0.1%	0.1%
	INTU	B	0.38%	0.25%	0.25%
	INVH	D	0.04%	0.01%	0.01%
	IOT	A	0.02%	0.0%	0.0%
	IP	A	0.04%	0.02%	0.02%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.07%	0.01%	0.01%
	IR	B	0.08%	0.01%	0.01%
	IRM	C	0.06%	0.01%	0.01%
	ISRG	A	0.37%	0.25%	0.25%
	IT	C	0.08%	0.04%	0.04%
	ITW	B	0.16%	0.14%	0.14%
	J	D	0.03%	0.01%	0.01%
	JBHT	C	0.03%	0.03%	0.03%
	JBL	C	0.03%	0.02%	0.02%
	JCI	B	0.11%	0.03%	0.03%
	JKHY	D	0.02%	0.07%	0.02%
	JNJ	D	0.7%	1.11%	0.7%
	JNPR	D	0.02%	0.13%	0.02%
	JPM	A	1.33%	0.59%	0.59%
	K	B	0.04%	0.22%	0.04%
	KDP	D	0.07%	0.14%	0.07%
	KEY	B	0.03%	0.03%	0.03%
	KEYS	C	0.05%	0.18%	0.05%
	KHC	F	0.06%	0.21%	0.06%
	KIM	A	0.03%	0.01%	0.01%
	KKR	A	0.18%	0.02%	0.02%
	KLAC	F	0.17%	0.16%	0.16%
	KMB	C	0.09%	0.11%	0.09%
	KMI	A	0.1%	0.04%	0.04%
	KMX	C	0.02%	0.01%	0.01%
	KNX	B	0.02%	0.01%	0.01%
	KO	D	0.49%	0.57%	0.49%
	KR	B	0.08%	0.32%	0.08%
	KVUE	A	0.09%	0.08%	0.08%
	L	A	0.03%	0.17%	0.03%
	LDOS	C	0.04%	0.01%	0.01%
	LEN	D	0.08%	0.09%	0.08%
	LH	B	0.04%	0.02%	0.02%
	LHX	B	0.09%	0.03%	0.03%
	LII	A	0.04%	0.0%	0.0%
	LIN	D	0.42%	0.06%	0.06%
	LKQ	F	0.02%	0.01%	0.01%
	LLY	F	1.22%	1.17%	1.17%
	LMT	D	0.22%	0.43%	0.22%
	LNG	A	0.09%	0.05%	0.05%
	LNT	A	0.03%	0.03%	0.03%
	LOW	C	0.3%	0.07%	0.07%
	LPLA	A	0.04%	0.04%	0.04%
	LRCX	F	0.19%	0.2%	0.19%
	LULU	C	0.07%	0.07%	0.07%
	LUV	B	0.01%	0.0%	0.0%
	LVS	B	0.03%	0.0%	0.0%
	LW	C	0.02%	0.0%	0.0%
	LYB	F	0.04%	0.03%	0.03%
	LYV	A	0.04%	0.0%	0.0%
	MA	B	0.83%	0.7%	0.7%
	MAA	A	0.03%	0.01%	0.01%
	MANH	D	0.03%	0.04%	0.03%
	MAR	B	0.13%	0.01%	0.01%
	MAS	D	0.03%	0.01%	0.01%
	MCD	D	0.41%	0.41%	0.41%
	MCHP	F	0.07%	0.06%	0.06%
	MCK	A	0.15%	0.51%	0.15%
	MCO	D	0.15%	0.12%	0.12%
	MDLZ	F	0.17%	0.15%	0.15%
	MDT	D	0.21%	0.06%	0.06%
	MELI	D	0.16%	0.01%	0.01%
	MET	A	0.1%	0.05%	0.05%
	META	C	2.43%	2.14%	2.14%
	MGM	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.01%	0.01%
	MKL	A	0.04%	0.12%	0.04%
	MKTX	D	0.02%	0.02%	0.02%
	MLM	B	0.07%	0.01%	0.01%
	MMC	D	0.21%	0.51%	0.21%
	MMM	D	0.14%	0.14%	0.14%
	MNST	C	0.08%	0.07%	0.07%
	MO	A	0.18%	0.04%	0.04%
	MOH	F	0.03%	0.06%	0.03%
	MOS	D	0.02%	0.02%	0.02%
	MPC	D	0.11%	0.17%	0.11%
	MPWR	F	0.05%	0.06%	0.05%
	MRK	F	0.48%	0.44%	0.44%
	MRNA	F	0.03%	0.01%	0.01%
	MRO	A	0.03%	0.02%	0.02%
	MRVL	B	0.15%	0.01%	0.01%
	MS	A	0.31%	0.11%	0.11%
	MSCI	B	0.09%	0.0%	0.0%
	MSFT	D	5.79%	2.29%	2.29%
	MSI	B	0.16%	0.61%	0.16%
	MSTR	A	0.1%	0.0%	0.0%
	MTB	A	0.07%	0.05%	0.05%
	MTCH	F	0.02%	0.0%	0.0%
	MU	D	0.21%	0.04%	0.04%
	NBIX	C	0.02%	0.11%	0.02%
	NDAQ	A	0.06%	0.01%	0.01%
	NDSN	D	0.03%	0.02%	0.02%
	NEE	C	0.3%	0.05%	0.05%
	NEM	D	0.09%	0.04%	0.04%
	NET	B	0.05%	0.0%	0.0%
	NFLX	A	0.69%	0.51%	0.51%
	NI	A	0.03%	0.01%	0.01%
	NKE	F	0.18%	0.16%	0.16%
	NOC	D	0.13%	0.33%	0.13%
	NOW	B	0.41%	0.01%	0.01%
	NRG	B	0.04%	0.02%	0.02%
	NSC	B	0.11%	0.03%	0.03%
	NTAP	C	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.02%	0.02%
	NUE	D	0.07%	0.05%	0.05%
	NVDA	A	6.93%	2.56%	2.56%
	NVR	D	0.05%	0.06%	0.05%
	NWSA	B	0.02%	0.01%	0.01%
	NXPI	F	0.11%	0.02%	0.02%
	O	C	0.09%	0.02%	0.02%
	OC	A	0.03%	0.03%	0.03%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.12%	0.03%	0.03%
	OKTA	D	0.02%	0.0%	0.0%
	OMC	C	0.04%	0.04%	0.04%
	ON	F	0.06%	0.01%	0.01%
	ORCL	A	0.59%	0.25%	0.25%
	ORLY	B	0.14%	0.24%	0.14%
	OTIS	C	0.08%	0.01%	0.01%
	OVV	C	0.02%	0.02%	0.02%
	OXY	F	0.06%	0.03%	0.03%
	PANW	B	0.24%	0.18%	0.18%
	PARA	D	0.01%	0.02%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.09%	0.1%	0.09%
	PCAR	C	0.12%	0.11%	0.11%
	PCG	A	0.08%	0.03%	0.03%
	PEG	C	0.08%	0.02%	0.02%
	PEP	F	0.44%	0.79%	0.44%
	PFE	F	0.28%	0.19%	0.19%
	PFG	C	0.04%	0.02%	0.02%
	PG	C	0.76%	0.89%	0.76%
	PGR	B	0.29%	0.35%	0.29%
	PH	B	0.17%	0.02%	0.02%
	PHM	D	0.05%	0.06%	0.05%
	PINS	F	0.03%	0.0%	0.0%
	PKG	B	0.04%	0.04%	0.04%
	PLD	D	0.2%	0.04%	0.04%
	PLTR	A	0.23%	0.0%	0.0%
	PM	A	0.38%	0.07%	0.07%
	PNC	B	0.16%	0.09%	0.09%
	PNR	B	0.03%	0.03%	0.03%
	PODD	B	0.03%	0.0%	0.0%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.01%	0.01%
	PPL	A	0.05%	0.01%	0.01%
	PRU	B	0.09%	0.05%	0.05%
	PSA	C	0.1%	0.08%	0.08%
	PSTG	F	0.03%	0.0%	0.0%
	PSX	C	0.11%	0.13%	0.11%
	PTC	B	0.04%	0.08%	0.04%
	PWR	A	0.09%	0.01%	0.01%
	PYPL	B	0.16%	0.04%	0.04%
	QCOM	F	0.35%	0.34%	0.34%
	QRVO	F	0.01%	0.0%	0.0%
	RBLX	B	0.05%	0.0%	0.0%
	RCL	A	0.11%	0.01%	0.01%
	REG	A	0.02%	0.01%	0.01%
	REGN	F	0.16%	0.33%	0.16%
	RF	A	0.05%	0.03%	0.03%
	RIVN	F	0.01%	0.0%	0.0%
	RJF	A	0.06%	0.02%	0.02%
	RMD	C	0.06%	0.05%	0.05%
	ROK	B	0.06%	0.06%	0.06%
	ROKU	D	0.02%	0.0%	0.0%
	ROL	B	0.03%	0.08%	0.03%
	ROP	C	0.12%	0.49%	0.12%
	ROST	D	0.09%	0.02%	0.02%
	RPM	B	0.03%	0.01%	0.01%
	RPRX	F	0.02%	0.01%	0.01%
	RS	B	0.03%	0.02%	0.02%
	RSG	A	0.09%	0.45%	0.09%
	RTX	D	0.3%	0.09%	0.09%
	RVTY	D	0.03%	0.01%	0.01%
	SBAC	D	0.04%	0.01%	0.01%
	SBUX	A	0.22%	0.04%	0.04%
	SCHW	A	0.23%	0.04%	0.04%
	SEIC	B	0.02%	0.02%	0.02%
	SHW	C	0.18%	0.14%	0.14%
	SJM	D	0.02%	0.07%	0.02%
	SLB	C	0.12%	0.03%	0.03%
	SMCI	F	0.02%	0.02%	0.02%
	SNA	B	0.04%	0.04%	0.04%
	SNAP	D	0.02%	0.0%	0.0%
	SNOW	C	0.07%	0.0%	0.0%
	SNPS	C	0.16%	0.13%	0.13%
	SO	C	0.18%	0.45%	0.18%
	SOLV	F	0.02%	0.03%	0.02%
	SPG	A	0.11%	0.02%	0.02%
	SPGI	D	0.31%	0.03%	0.03%
	SQ	A	0.09%	0.01%	0.01%
	SRE	A	0.11%	0.03%	0.03%
	SSNC	C	0.03%	0.01%	0.01%
	STE	D	0.04%	0.01%	0.01%
	STLD	B	0.04%	0.03%	0.03%
	STT	B	0.05%	0.03%	0.03%
	STX	D	0.04%	0.01%	0.01%
	STZ	D	0.08%	0.01%	0.01%
	SUI	C	0.03%	0.01%	0.01%
	SW	A	0.05%	0.03%	0.03%
	SWK	F	0.02%	0.01%	0.01%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.04%	0.04%
	SYK	A	0.25%	0.03%	0.03%
	SYY	D	0.07%	0.03%	0.03%
	T	A	0.31%	0.38%	0.31%
	TAP	B	0.02%	0.01%	0.01%
	TDG	D	0.14%	0.01%	0.01%
	TDY	B	0.04%	0.06%	0.04%
	TECH	F	0.02%	0.0%	0.0%
	TER	F	0.03%	0.03%	0.03%
	TFC	A	0.12%	0.09%	0.09%
	TFX	F	0.02%	0.0%	0.0%
	TGT	B	0.14%	0.14%	0.14%
	TJX	A	0.26%	0.33%	0.26%
	TMO	F	0.39%	0.06%	0.06%
	TMUS	B	0.24%	0.73%	0.24%
	TOST	A	0.03%	0.0%	0.0%
	TPL	A	0.05%	0.05%	0.05%
	TRGP	A	0.08%	0.04%	0.04%
	TRMB	B	0.03%	0.01%	0.01%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.04%	0.01%	0.01%
	TRV	A	0.11%	0.29%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSLA	A	1.71%	0.14%	0.14%
	TSN	B	0.04%	0.13%	0.04%
	TT	A	0.18%	0.14%	0.14%
	TTC	F	0.02%	0.02%	0.02%
	TTD	B	0.11%	0.0%	0.0%
	TTWO	A	0.06%	0.01%	0.01%
	TW	A	0.03%	0.0%	0.0%
	TWLO	A	0.03%	0.01%	0.01%
	TXN	C	0.36%	0.51%	0.36%
	TXT	D	0.03%	0.01%	0.01%
	TYL	B	0.05%	0.0%	0.0%
	UBER	F	0.26%	0.01%	0.01%
	UDR	C	0.03%	0.0%	0.0%
	UHAL	D	0.01%	0.01%	0.01%
	UHS	D	0.02%	0.01%	0.01%
	ULTA	F	0.03%	0.07%	0.03%
	UNH	C	1.05%	1.34%	1.05%
	UNP	D	0.28%	0.27%	0.27%
	UPS	C	0.19%	0.07%	0.07%
	URI	B	0.11%	0.02%	0.02%
	USB	B	0.15%	0.09%	0.09%
	UTHR	C	0.03%	0.16%	0.03%
	V	A	0.93%	1.19%	0.93%
	VEEV	C	0.07%	0.05%	0.05%
	VICI	C	0.06%	0.02%	0.02%
	VLO	C	0.09%	0.07%	0.07%
	VLTO	C	0.05%	0.05%	0.05%
	VMC	B	0.07%	0.01%	0.01%
	VRSK	B	0.08%	0.01%	0.01%
	VRSN	F	0.03%	0.14%	0.03%
	VRT	A	0.08%	0.0%	0.0%
	VRTX	D	0.24%	0.45%	0.24%
	VST	A	0.09%	0.01%	0.01%
	VTR	B	0.05%	0.01%	0.01%
	VTRS	A	0.03%	0.03%	0.03%
	VZ	C	0.33%	0.56%	0.33%
	WAB	B	0.07%	0.01%	0.01%
	WAT	C	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.04%	0.01%
	WBD	B	0.04%	0.06%	0.04%
	WCN	A	0.09%	0.26%	0.09%
	WDAY	C	0.11%	0.04%	0.04%
	WDC	F	0.04%	0.01%	0.01%
	WEC	A	0.06%	0.19%	0.06%
	WELL	A	0.15%	0.02%	0.02%
	WFC	A	0.49%	0.27%	0.27%
	WLK	F	0.01%	0.0%	0.0%
	WM	B	0.17%	0.52%	0.17%
	WMB	A	0.13%	0.19%	0.13%
	WMT	A	0.72%	0.75%	0.72%
	WPC	C	0.02%	0.01%	0.01%
	WRB	B	0.04%	0.14%	0.04%
	WSM	D	0.03%	0.03%	0.03%
	WSO	A	0.04%	0.03%	0.03%
	WST	D	0.05%	0.04%	0.04%
	WTRG	B	0.02%	0.01%	0.01%
	WTW	B	0.06%	0.07%	0.06%
	WY	D	0.04%	0.02%	0.02%
	WYNN	D	0.02%	0.0%	0.0%
	XEL	A	0.07%	0.08%	0.07%
	XOM	B	1.04%	0.47%	0.47%
	XYL	D	0.06%	0.01%	0.01%
	YUM	D	0.07%	0.15%	0.07%
	Z	A	0.02%	0.0%	0.0%
	ZBH	C	0.04%	0.01%	0.01%
	ZBRA	B	0.04%	0.01%	0.01%
	ZM	B	0.04%	0.01%	0.01%
	ZTS	D	0.15%	0.15%	0.15%

PBUS Overweight 9 Positions Relative to QWLD

	Symbol	Grade	Weight
	BLK	B	0.3%
	FLUT	A	0.09%
	TEAM	A	0.08%
	ALNY	D	0.06%
	HUBS	B	0.06%
	MTD	F	0.05%
	ZS	B	0.04%
	MDB	C	0.04%
	CELH	F	0.01%

PBUS Underweight 33 Positions Relative to QWLD

	Symbol	Grade	Weight
	NVS	D	-0.81%
	UL	D	-0.27%
	HSBH	A	-0.25%
	MFG	A	-0.22%
	CHKP	D	-0.17%
	TM	D	-0.14%
	MUFG	A	-0.13%
	TD	D	-0.12%
	E	F	-0.12%
	DEO	F	-0.11%
	BCS	B	-0.11%
	SMFG	A	-0.1%
	CNI	F	-0.1%
	LYG	C	-0.09%
	SONY	B	-0.08%
	STLA	F	-0.08%
	HMC	F	-0.07%
	LOGI	F	-0.06%
	MT	B	-0.05%
	BTI	C	-0.04%
	NMR	B	-0.02%
	AER	B	-0.02%
	MBAVU	A	-0.01%
	CCEP	D	-0.01%
	AGCO	F	-0.01%
	SE	A	-0.01%
	WFG	C	-0.01%
	GLBE	A	-0.0%
	XRX	F	-0.0%
	FUTU	C	-0.0%
	GRAB	A	-0.0%
	QGEN	F	-0.0%
	OTEX	F	-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

QWLD: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Capital Markets Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Banks - Regional - US Drug Manufacturers - Major REIT - Residential Specialty Chemicals Biotechnology Insurance - Property & Casualty Packaged Foods Banks - Global

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