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

$57.11

Average Daily Volume

66,586

Number of Holdings ^*

580

* 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

$128.25

Average Daily Volume

4,874

Number of Holdings ^*

605

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	QWLD
30 Days	2.26%	1.92%
60 Days	4.06%	4.80%
90 Days	4.95%	6.62%
12 Months	31.71%	25.18%

575 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in QWLD	Overlap
	A	C	0.08%	0.07%	0.07%
	AAPL	C	6.7%	2.56%	2.56%
	ABBV	C	0.74%	0.15%	0.15%
	ABBV	C	0.74%	0.41%	0.41%
	ABNB	D	0.11%	0.01%	0.01%
	ABT	C	0.43%	0.09%	0.09%
	ACGL	C	0.09%	0.28%	0.09%
	ACI	F	0.01%	0.02%	0.01%
	ACM	B	0.03%	0.01%	0.01%
	ACN	C	0.46%	0.65%	0.46%
	ADBE	F	0.53%	0.49%	0.49%
	ADI	C	0.23%	0.04%	0.04%
	ADM	D	0.06%	0.05%	0.05%
	ADP	B	0.24%	0.24%	0.24%
	ADSK	C	0.12%	0.08%	0.08%
	AEE	C	0.05%	0.08%	0.05%
	AEP	C	0.11%	0.07%	0.07%
	AES	C	0.02%	0.01%	0.01%
	AFG	B	0.02%	0.02%	0.02%
	AFL	C	0.12%	0.12%	0.12%
	AIG	D	0.1%	0.07%	0.07%
	AIZ	B	0.02%	0.07%	0.02%
	AJG	D	0.14%	0.19%	0.14%
	AKAM	D	0.03%	0.12%	0.03%
	ALB	D	0.02%	0.01%	0.01%
	ALGN	D	0.03%	0.0%	0.0%
	ALL	B	0.1%	0.07%	0.07%
	ALLE	B	0.03%	0.02%	0.02%
	ALLY	F	0.02%	0.01%	0.01%
	AMAT	D	0.31%	0.32%	0.31%
	AMCR	B	0.03%	0.08%	0.03%
	AMD	D	0.48%	0.04%	0.04%
	AME	C	0.08%	0.01%	0.01%
	AMGN	B	0.37%	0.19%	0.19%
	AMH	C	0.03%	0.01%	0.01%
	AMP	A	0.09%	0.07%	0.07%
	AMT	C	0.24%	0.03%	0.03%
	AMZN	C	3.51%	0.34%	0.34%
	ANET	B	0.18%	0.18%	0.18%
	ANSS	D	0.06%	0.0%	0.0%
	AON	B	0.14%	0.16%	0.14%
	AOS	D	0.02%	0.02%	0.02%
	APA	F	0.02%	0.03%	0.02%
	APD	B	0.13%	0.02%	0.02%
	APH	D	0.15%	0.38%	0.15%
	APO	C	0.09%	0.01%	0.01%
	APP	C	0.04%	0.0%	0.0%
	APTV	D	0.04%	0.01%	0.01%
	ARE	C	0.04%	0.01%	0.01%
	ARES	B	0.05%	0.0%	0.0%
	ATO	B	0.04%	0.01%	0.01%
	AVB	B	0.07%	0.01%	0.01%
	AVGO	C	1.37%	0.11%	0.11%
	AVTR	B	0.04%	0.01%	0.01%
	AVY	C	0.04%	0.03%	0.03%
	AWK	B	0.06%	0.01%	0.01%
	AXON	B	0.05%	0.0%	0.0%
	AXP	B	0.3%	0.06%	0.06%
	AZO	D	0.11%	0.29%	0.11%
	BA	F	0.2%	0.02%	0.02%
	BAC	D	0.58%	0.33%	0.33%
	BAH	C	0.04%	0.15%	0.04%
	BALL	C	0.04%	0.01%	0.01%
	BAX	C	0.04%	0.02%	0.02%
	BBWI	F	0.01%	0.0%	0.0%
	BBY	C	0.04%	0.06%	0.04%
	BDX	D	0.14%	0.08%	0.08%
	BEN	F	0.01%	0.01%	0.01%
	BG	D	0.03%	0.03%	0.03%
	BIIB	F	0.06%	0.02%	0.02%
	BIO	C	0.01%	0.0%	0.0%
	BK	B	0.1%	0.05%	0.05%
	BKNG	C	0.27%	0.02%	0.02%
	BKR	C	0.07%	0.02%	0.02%
	BLDR	C	0.04%	0.04%	0.04%
	BLK	B	0.27%	0.21%	0.21%
	BMRN	F	0.03%	0.09%	0.03%
	BMY	C	0.21%	0.18%	0.18%
	BR	D	0.05%	0.04%	0.04%
	BRK.A	C	1.27%	0.71%	0.71%
	BRO	C	0.05%	0.13%	0.05%
	BSX	B	0.26%	0.02%	0.02%
	BSY	D	0.02%	0.01%	0.01%
	BURL	B	0.04%	0.01%	0.01%
	BX	B	0.21%	0.02%	0.02%
	BXP	B	0.02%	0.01%	0.01%
	C	C	0.23%	0.21%	0.21%
	CAG	C	0.03%	0.05%	0.03%
	CAH	C	0.06%	0.12%	0.06%
	CARR	B	0.12%	0.02%	0.02%
	CAT	B	0.34%	0.32%	0.32%
	CB	B	0.23%	0.4%	0.23%
	CBOE	C	0.05%	0.26%	0.05%
	CBRE	A	0.08%	0.03%	0.03%
	CCI	C	0.11%	0.02%	0.02%
	CCK	A	0.02%	0.01%	0.01%
	CCL	C	0.03%	0.0%	0.0%
	CDNS	D	0.15%	0.12%	0.12%
	CDW	D	0.06%	0.09%	0.06%
	CE	F	0.03%	0.01%	0.01%
	CEG	C	0.12%	0.01%	0.01%
	CF	C	0.03%	0.12%	0.03%
	CFG	C	0.04%	0.03%	0.03%
	CG	D	0.02%	0.01%	0.01%
	CHD	D	0.05%	0.18%	0.05%
	CHK	D	0.02%	0.02%	0.02%
	CHRD	F	0.02%	0.01%	0.01%
	CHRW	B	0.02%	0.01%	0.01%
	CHTR	D	0.06%	0.05%	0.05%
	CI	C	0.21%	0.2%	0.2%
	CINF	B	0.04%	0.02%	0.02%
	CL	D	0.17%	0.23%	0.17%
	CLX	C	0.04%	0.01%	0.01%
	CMCSA	D	0.32%	0.15%	0.15%
	CME	C	0.16%	0.16%	0.16%
	CMG	C	0.16%	0.13%	0.13%
	CMI	C	0.08%	0.08%	0.08%
	CMS	C	0.04%	0.05%	0.04%
	CNC	D	0.08%	0.06%	0.06%
	CNH	D	0.02%	0.01%	0.01%
	CNP	C	0.04%	0.01%	0.01%
	COF	B	0.11%	0.07%	0.07%
	COIN	F	0.06%	0.0%	0.0%
	COP	D	0.25%	0.09%	0.09%
	COST	B	0.83%	0.76%	0.76%
	CPAY	B	0.04%	0.01%	0.01%
	CPB	C	0.02%	0.1%	0.02%
	CPRT	D	0.09%	0.07%	0.07%
	CPT	B	0.03%	0.01%	0.01%
	CRBG	D	0.02%	0.01%	0.01%
	CRL	F	0.02%	0.0%	0.0%
	CRM	D	0.5%	0.04%	0.04%
	CRWD	D	0.12%	0.0%	0.0%
	CSCO	C	0.41%	0.88%	0.41%
	CSGP	D	0.07%	0.0%	0.0%
	CSL	B	0.04%	0.03%	0.03%
	CSX	D	0.14%	0.11%	0.11%
	CTAS	B	0.16%	0.14%	0.14%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	D	0.04%	0.02%	0.02%
	CTSH	C	0.08%	0.2%	0.08%
	CTVA	B	0.08%	0.04%	0.04%
	CVS	D	0.15%	0.17%	0.15%
	CVX	D	0.51%	0.28%	0.28%
	D	C	0.1%	0.06%	0.06%
	DAL	C	0.01%	0.01%	0.01%
	DASH	C	0.08%	0.0%	0.0%
	DAY	D	0.02%	0.0%	0.0%
	DD	B	0.07%	0.02%	0.02%
	DDOG	D	0.06%	0.0%	0.0%
	DE	B	0.21%	0.06%	0.06%
	DECK	C	0.05%	0.04%	0.04%
	DELL	D	0.06%	0.01%	0.01%
	DFS	B	0.07%	0.03%	0.03%
	DG	F	0.04%	0.01%	0.01%
	DGX	B	0.04%	0.1%	0.04%
	DHI	B	0.12%	0.12%	0.12%
	DHR	B	0.38%	0.06%	0.06%
	DINO	F	0.02%	0.05%	0.02%
	DIS	D	0.34%	0.07%	0.07%
	DKNG	C	0.03%	0.0%	0.0%
	DKS	D	0.03%	0.02%	0.02%
	DLR	B	0.11%	0.02%	0.02%
	DLTR	F	0.03%	0.01%	0.01%
	DOC	C	0.03%	0.01%	0.01%
	DOCU	C	0.02%	0.0%	0.0%
	DOV	B	0.05%	0.04%	0.04%
	DOW	D	0.07%	0.04%	0.04%
	DPZ	F	0.03%	0.06%	0.03%
	DRI	B	0.04%	0.03%	0.03%
	DT	C	0.03%	0.0%	0.0%
	DTE	C	0.05%	0.02%	0.02%
	DUK	C	0.19%	0.37%	0.19%
	DVA	B	0.02%	0.01%	0.01%
	DVN	F	0.05%	0.03%	0.03%
	DXCM	F	0.06%	0.0%	0.0%
	EA	D	0.08%	0.18%	0.08%
	EBAY	B	0.06%	0.01%	0.01%
	ECL	B	0.13%	0.01%	0.01%
	ED	C	0.08%	0.38%	0.08%
	EFX	B	0.08%	0.01%	0.01%
	EG	C	0.03%	0.06%	0.03%
	EIX	C	0.07%	0.03%	0.03%
	EL	F	0.04%	0.01%	0.01%
	ELS	C	0.03%	0.0%	0.0%
	ELV	C	0.26%	0.28%	0.26%
	EME	B	0.04%	0.03%	0.03%
	EMN	B	0.02%	0.01%	0.01%
	EMR	D	0.12%	0.02%	0.02%
	ENPH	D	0.03%	0.03%	0.03%
	ENTG	F	0.03%	0.0%	0.0%
	EOG	D	0.14%	0.05%	0.05%
	EPAM	F	0.02%	0.02%	0.02%
	EQH	C	0.03%	0.01%	0.01%
	EQIX	C	0.17%	0.01%	0.01%
	EQR	B	0.05%	0.01%	0.01%
	EQT	D	0.04%	0.01%	0.01%
	ERIE	B	0.03%	0.15%	0.03%
	ES	C	0.05%	0.02%	0.02%
	ESS	B	0.04%	0.01%	0.01%
	ETN	C	0.24%	0.02%	0.02%
	ETR	B	0.05%	0.02%	0.02%
	EVRG	B	0.03%	0.01%	0.01%
	EW	F	0.08%	0.07%	0.07%
	EXAS	C	0.02%	0.0%	0.0%
	EXC	C	0.08%	0.03%	0.03%
	EXPD	C	0.04%	0.04%	0.04%
	EXPE	C	0.04%	0.01%	0.01%
	EXR	B	0.08%	0.01%	0.01%
	F	F	0.08%	0.09%	0.08%
	FANG	D	0.06%	0.08%	0.06%
	FAST	C	0.08%	0.08%	0.08%
	FCNCA	D	0.04%	0.09%	0.04%
	FCX	D	0.12%	0.02%	0.02%
	FDS	C	0.03%	0.02%	0.02%
	FDX	C	0.14%	0.07%	0.07%
	FE	C	0.05%	0.01%	0.01%
	FFIV	B	0.02%	0.14%	0.02%
	FICO	B	0.09%	0.04%	0.04%
	FIS	B	0.1%	0.02%	0.02%
	FITB	B	0.06%	0.03%	0.03%
	FNF	B	0.03%	0.01%	0.01%
	FOX	B	0.01%	0.01%	0.01%
	FOXA	B	0.02%	0.01%	0.01%
	FSLR	C	0.04%	0.01%	0.01%
	FTNT	C	0.1%	0.01%	0.01%
	FTV	C	0.05%	0.01%	0.01%
	GD	B	0.15%	0.19%	0.15%
	GDDY	C	0.04%	0.21%	0.04%
	GE	B	0.38%	0.29%	0.29%
	GEHC	C	0.08%	0.02%	0.02%
	GEV	B	0.12%	0.02%	0.02%
	GGG	C	0.03%	0.02%	0.02%
	GILD	B	0.21%	0.22%	0.21%
	GIS	B	0.09%	0.38%	0.09%
	GLPI	C	0.03%	0.01%	0.01%
	GLW	C	0.07%	0.02%	0.02%
	GM	C	0.11%	0.15%	0.11%
	GOOG	D	1.58%	0.83%	0.83%
	GOOGL	D	1.82%	0.95%	0.95%
	GPC	D	0.04%	0.06%	0.04%
	GPN	D	0.06%	0.02%	0.02%
	GRMN	D	0.06%	0.05%	0.05%
	GS	C	0.31%	0.14%	0.14%
	GWW	B	0.09%	0.1%	0.09%
	H	C	0.01%	0.0%	0.0%
	HAL	F	0.05%	0.01%	0.01%
	HBAN	B	0.04%	0.03%	0.03%
	HCA	B	0.16%	0.04%	0.04%
	HD	B	0.77%	0.14%	0.14%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.02%	0.0%	0.0%
	HEI	B	0.02%	0.0%	0.0%
	HEI	B	0.03%	0.0%	0.0%
	HES	F	0.07%	0.01%	0.01%
	HIG	B	0.07%	0.03%	0.03%
	HII	D	0.02%	0.01%	0.01%
	HLT	B	0.11%	0.01%	0.01%
	HOLX	B	0.04%	0.01%	0.01%
	HON	D	0.27%	0.24%	0.24%
	HOOD	C	0.02%	0.0%	0.0%
	HPE	D	0.04%	0.03%	0.03%
	HPQ	D	0.07%	0.04%	0.04%
	HRL	C	0.02%	0.1%	0.02%
	HSIC	C	0.02%	0.01%	0.01%
	HST	C	0.02%	0.01%	0.01%
	HSY	C	0.06%	0.18%	0.06%
	HUBB	B	0.04%	0.03%	0.03%
	HUM	F	0.09%	0.18%	0.09%
	HWM	B	0.08%	0.01%	0.01%
	IBM	B	0.39%	0.48%	0.39%
	ICE	C	0.19%	0.03%	0.03%
	IDXX	C	0.09%	0.09%	0.09%
	IEX	D	0.03%	0.02%	0.02%
	IFF	B	0.05%	0.01%	0.01%
	ILMN	C	0.04%	0.0%	0.0%
	INCY	C	0.02%	0.12%	0.02%
	INTC	F	0.17%	0.08%	0.08%
	INTU	C	0.37%	0.25%	0.25%
	INVH	C	0.05%	0.01%	0.01%
	IOT	B	0.02%	0.0%	0.0%
	IP	B	0.03%	0.02%	0.02%
	IPG	C	0.02%	0.02%	0.02%
	IQV	C	0.09%	0.01%	0.01%
	IR	C	0.07%	0.01%	0.01%
	IRM	C	0.07%	0.01%	0.01%
	ISRG	B	0.36%	0.24%	0.24%
	IT	B	0.08%	0.03%	0.03%
	ITW	C	0.15%	0.12%	0.12%
	J	C	0.04%	0.01%	0.01%
	JBHT	D	0.03%	0.03%	0.03%
	JBL	D	0.03%	0.01%	0.01%
	JCI	B	0.1%	0.02%	0.02%
	JKHY	B	0.03%	0.06%	0.03%
	JNJ	C	0.84%	1.19%	0.84%
	JNPR	B	0.03%	0.13%	0.03%
	JPM	D	1.23%	0.52%	0.52%
	K	B	0.05%	0.23%	0.05%
	KDP	B	0.08%	0.16%	0.08%
	KEY	B	0.03%	0.02%	0.02%
	KEYS	C	0.05%	0.17%	0.05%
	KHC	C	0.07%	0.22%	0.07%
	KIM	C	0.03%	0.01%	0.01%
	KKR	B	0.15%	0.02%	0.02%
	KLAC	D	0.2%	0.18%	0.18%
	KMB	D	0.1%	0.12%	0.1%
	KMI	B	0.09%	0.03%	0.03%
	KMX	D	0.03%	0.01%	0.01%
	KNX	C	0.02%	0.01%	0.01%
	KO	C	0.61%	0.65%	0.61%
	KR	C	0.07%	0.28%	0.07%
	KVUE	C	0.09%	0.08%	0.08%
	L	C	0.03%	0.16%	0.03%
	LDOS	B	0.04%	0.01%	0.01%
	LEN	B	0.09%	0.09%	0.09%
	LHX	C	0.09%	0.02%	0.02%
	LII	B	0.04%	0.0%	0.0%
	LIN	B	0.47%	0.06%	0.06%
	LKQ	F	0.02%	0.01%	0.01%
	LLY	C	1.52%	1.42%	1.42%
	LMT	C	0.26%	0.45%	0.26%
	LNG	C	0.09%	0.05%	0.05%
	LNT	B	0.03%	0.03%	0.03%
	LOW	B	0.29%	0.07%	0.07%
	LPLA	D	0.03%	0.03%	0.03%
	LRCX	F	0.2%	0.2%	0.2%
	LULU	D	0.06%	0.06%	0.06%
	LUV	C	0.01%	0.0%	0.0%
	LVS	D	0.03%	0.0%	0.0%
	LW	D	0.02%	0.0%	0.0%
	LYB	D	0.05%	0.03%	0.03%
	LYV	B	0.03%	0.0%	0.0%
	MA	B	0.85%	0.67%	0.67%
	MAA	B	0.04%	0.01%	0.01%
	MANH	B	0.03%	0.04%	0.03%
	MAR	C	0.12%	0.01%	0.01%
	MAS	B	0.04%	0.01%	0.01%
	MCD	B	0.44%	0.42%	0.42%
	MCHP	F	0.08%	0.07%	0.07%
	MCK	F	0.14%	0.49%	0.14%
	MCO	B	0.17%	0.13%	0.13%
	MDLZ	B	0.21%	0.17%	0.17%
	MDT	C	0.24%	0.06%	0.06%
	MELI	B	0.19%	0.01%	0.01%
	MET	B	0.1%	0.04%	0.04%
	META	B	2.31%	1.96%	1.96%
	MGM	F	0.02%	0.01%	0.01%
	MKC	C	0.04%	0.01%	0.01%
	MKL	C	0.04%	0.12%	0.04%
	MKTX	C	0.02%	0.02%	0.02%
	MLM	D	0.07%	0.01%	0.01%
	MMC	C	0.24%	0.53%	0.24%
	MMM	B	0.15%	0.14%	0.14%
	MNST	D	0.08%	0.06%	0.06%
	MO	C	0.19%	0.04%	0.04%
	MOH	D	0.04%	0.07%	0.04%
	MOS	F	0.02%	0.02%	0.02%
	MPC	F	0.12%	0.18%	0.12%
	MPWR	C	0.09%	0.06%	0.06%
	MRK	D	0.61%	0.51%	0.51%
	MRNA	F	0.05%	0.02%	0.02%
	MRO	C	0.03%	0.02%	0.02%
	MRVL	C	0.13%	0.01%	0.01%
	MS	D	0.25%	0.09%	0.09%
	MSCI	C	0.09%	0.0%	0.0%
	MSFT	C	6.11%	2.36%	2.36%
	MSI	B	0.15%	0.58%	0.15%
	MSTR	D	0.04%	0.0%	0.0%
	MTB	B	0.06%	0.04%	0.04%
	MTCH	C	0.02%	0.0%	0.0%
	MU	F	0.2%	0.04%	0.04%
	NBIX	F	0.02%	0.11%	0.02%
	NDAQ	A	0.06%	0.01%	0.01%
	NDSN	C	0.03%	0.02%	0.02%
	NEE	C	0.35%	0.06%	0.06%
	NEM	B	0.12%	0.04%	0.04%
	NET	D	0.05%	0.0%	0.0%
	NFLX	B	0.61%	0.45%	0.45%
	NI	B	0.03%	0.01%	0.01%
	NKE	D	0.2%	0.17%	0.17%
	NOC	B	0.15%	0.33%	0.15%
	NOW	B	0.37%	0.01%	0.01%
	NRG	C	0.03%	0.01%	0.01%
	NSC	C	0.12%	0.03%	0.03%
	NTAP	D	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.01%	0.01%
	NUE	F	0.07%	0.04%	0.04%
	NVDA	D	5.55%	2.1%	2.1%
	NVR	B	0.06%	0.07%	0.06%
	NWSA	D	0.02%	0.01%	0.01%
	NXPI	F	0.12%	0.02%	0.02%
	O	C	0.11%	0.03%	0.03%
	OC	D	0.03%	0.03%	0.03%
	ODFL	D	0.08%	0.07%	0.07%
	OKE	B	0.11%	0.03%	0.03%
	OKTA	F	0.02%	0.0%	0.0%
	OMC	B	0.04%	0.04%	0.04%
	ON	D	0.06%	0.01%	0.01%
	ORCL	C	0.54%	0.22%	0.22%
	ORLY	C	0.14%	0.22%	0.14%
	OTIS	C	0.08%	0.01%	0.01%
	OVV	F	0.02%	0.02%	0.02%
	OXY	F	0.07%	0.03%	0.03%
	PANW	D	0.23%	0.16%	0.16%
	PARA	F	0.01%	0.01%	0.01%
	PAYC	D	0.02%	0.02%	0.02%
	PAYX	C	0.09%	0.09%	0.09%
	PCAR	D	0.1%	0.09%	0.09%
	PCG	C	0.08%	0.03%	0.03%
	PEG	B	0.08%	0.02%	0.02%
	PEP	C	0.51%	0.86%	0.51%
	PFE	C	0.35%	0.21%	0.21%
	PFG	B	0.04%	0.02%	0.02%
	PG	C	0.88%	0.98%	0.88%
	PGR	B	0.3%	0.34%	0.3%
	PH	B	0.16%	0.02%	0.02%
	PHM	B	0.06%	0.06%	0.06%
	PINS	F	0.04%	0.0%	0.0%
	PKG	B	0.04%	0.03%	0.03%
	PLD	C	0.26%	0.05%	0.05%
	PLTR	B	0.15%	0.0%	0.0%
	PM	C	0.41%	0.07%	0.07%
	PNC	B	0.15%	0.08%	0.08%
	PNR	B	0.03%	0.02%	0.02%
	PODD	B	0.03%	0.0%	0.0%
	POOL	C	0.03%	0.03%	0.03%
	PPG	D	0.06%	0.01%	0.01%
	PPL	C	0.05%	0.01%	0.01%
	PRU	C	0.09%	0.04%	0.04%
	PSA	B	0.12%	0.09%	0.09%
	PSTG	F	0.03%	0.0%	0.0%
	PSX	F	0.11%	0.13%	0.11%
	PTC	D	0.04%	0.07%	0.04%
	PWR	B	0.08%	0.01%	0.01%
	PYPL	B	0.14%	0.04%	0.04%
	QCOM	D	0.38%	0.34%	0.34%
	QRVO	F	0.02%	0.01%	0.01%
	RBLX	B	0.04%	0.0%	0.0%
	RCL	B	0.08%	0.0%	0.0%
	REG	C	0.03%	0.01%	0.01%
	REGN	C	0.26%	0.47%	0.26%
	RF	B	0.04%	0.03%	0.03%
	RIVN	F	0.02%	0.0%	0.0%
	RJF	C	0.05%	0.01%	0.01%
	RMD	C	0.08%	0.06%	0.06%
	ROK	D	0.06%	0.05%	0.05%
	ROKU	C	0.02%	0.0%	0.0%
	ROL	C	0.03%	0.08%	0.03%
	ROP	C	0.12%	0.49%	0.12%
	ROST	C	0.11%	0.02%	0.02%
	RPM	B	0.03%	0.01%	0.01%
	RPRX	C	0.02%	0.01%	0.01%
	RS	D	0.03%	0.01%	0.01%
	RSG	D	0.09%	0.46%	0.09%
	RTX	C	0.33%	0.09%	0.09%
	SBAC	C	0.05%	0.01%	0.01%
	SBUX	C	0.22%	0.04%	0.04%
	SCHW	D	0.2%	0.03%	0.03%
	SEIC	C	0.02%	0.01%	0.01%
	SHW	B	0.19%	0.14%	0.14%
	SJM	C	0.03%	0.08%	0.03%
	SLB	F	0.12%	0.03%	0.03%
	SMCI	F	0.05%	0.03%	0.03%
	SNA	C	0.03%	0.03%	0.03%
	SNAP	F	0.02%	0.0%	0.0%
	SNOW	F	0.07%	0.0%	0.0%
	SNPS	D	0.15%	0.11%	0.11%
	SO	B	0.2%	0.47%	0.2%
	SOLV	C	0.02%	0.03%	0.02%
	SPG	B	0.11%	0.02%	0.02%
	SPGI	B	0.35%	0.04%	0.04%
	SQ	D	0.07%	0.01%	0.01%
	SRE	C	0.11%	0.03%	0.03%
	SSNC	B	0.03%	0.01%	0.01%
	STE	C	0.05%	0.01%	0.01%
	STLD	F	0.03%	0.02%	0.02%
	STT	A	0.05%	0.03%	0.03%
	STX	C	0.04%	0.01%	0.01%
	STZ	D	0.09%	0.01%	0.01%
	SUI	B	0.04%	0.01%	0.01%
	SW	B	0.05%	0.02%	0.02%
	SWK	B	0.03%	0.01%	0.01%
	SWKS	D	0.03%	0.03%	0.03%
	SYF	C	0.04%	0.03%	0.03%
	SYK	C	0.26%	0.03%	0.03%
	SYY	D	0.08%	0.03%	0.03%
	T	C	0.32%	0.37%	0.32%
	TAP	D	0.02%	0.01%	0.01%
	TDG	B	0.15%	0.01%	0.01%
	TDY	B	0.04%	0.05%	0.04%
	TECH	C	0.02%	0.0%	0.0%
	TEL	D	0.09%	0.08%	0.08%
	TER	D	0.04%	0.03%	0.03%
	TFC	C	0.12%	0.08%	0.08%
	TFX	C	0.02%	0.01%	0.01%
	TGT	C	0.14%	0.14%	0.14%
	TJX	B	0.28%	0.35%	0.28%
	TMO	B	0.5%	0.07%	0.07%
	TMUS	C	0.22%	0.64%	0.22%
	TOST	C	0.02%	0.0%	0.0%
	TPL	B	0.03%	0.03%	0.03%
	TRGP	B	0.06%	0.03%	0.03%
	TRMB	C	0.03%	0.0%	0.0%
	TROW	D	0.05%	0.05%	0.05%
	TRU	B	0.04%	0.01%	0.01%
	TRV	C	0.11%	0.27%	0.11%
	TSCO	C	0.06%	0.05%	0.05%
	TSLA	C	1.36%	0.11%	0.11%
	TSN	C	0.04%	0.14%	0.04%
	TT	B	0.16%	0.13%	0.13%
	TTC	D	0.02%	0.02%	0.02%
	TTD	B	0.09%	0.0%	0.0%
	TTWO	C	0.05%	0.01%	0.01%
	TW	B	0.03%	0.0%	0.0%
	TWLO	D	0.02%	0.0%	0.0%
	TXN	C	0.38%	0.49%	0.38%
	TXT	D	0.03%	0.01%	0.01%
	TYL	C	0.05%	0.0%	0.0%
	UBER	C	0.27%	0.01%	0.01%
	UDR	C	0.03%	0.0%	0.0%
	UHAL	A	0.01%	0.01%	0.01%
	UHS	B	0.03%	0.01%	0.01%
	ULTA	D	0.04%	0.07%	0.04%
	UNH	C	1.15%	1.36%	1.15%
	UNP	C	0.32%	0.28%	0.28%
	UPS	D	0.2%	0.07%	0.07%
	URI	B	0.1%	0.02%	0.02%
	USB	B	0.15%	0.08%	0.08%
	UTHR	C	0.03%	0.14%	0.03%
	V	C	0.94%	1.12%	0.94%
	VEEV	C	0.07%	0.05%	0.05%
	VICI	C	0.07%	0.02%	0.02%
	VLO	F	0.09%	0.07%	0.07%
	VLTO	C	0.06%	0.05%	0.05%
	VMC	D	0.06%	0.01%	0.01%
	VRSK	D	0.08%	0.01%	0.01%
	VRSN	D	0.03%	0.14%	0.03%
	VRT	C	0.06%	0.0%	0.0%
	VRTX	D	0.25%	0.44%	0.25%
	VST	C	0.06%	0.01%	0.01%
	VTR	C	0.05%	0.01%	0.01%
	VTRS	D	0.03%	0.03%	0.03%
	VZ	B	0.38%	0.61%	0.38%
	WAB	B	0.06%	0.01%	0.01%
	WAT	C	0.04%	0.04%	0.04%
	WBA	F	0.01%	0.04%	0.01%
	WBD	D	0.03%	0.05%	0.03%
	WCN	D	0.1%	0.28%	0.1%
	WDAY	D	0.11%	0.04%	0.04%
	WDC	D	0.04%	0.01%	0.01%
	WEC	C	0.06%	0.2%	0.06%
	WELL	C	0.16%	0.02%	0.02%
	WFC	D	0.39%	0.2%	0.2%
	WLK	D	0.01%	0.0%	0.0%
	WM	D	0.17%	0.5%	0.17%
	WMB	B	0.11%	0.15%	0.11%
	WMT	C	0.73%	0.72%	0.72%
	WPC	C	0.03%	0.01%	0.01%
	WRB	C	0.04%	0.14%	0.04%
	WSM	D	0.04%	0.04%	0.04%
	WSO	C	0.03%	0.03%	0.03%
	WST	D	0.05%	0.03%	0.03%
	WTRG	D	0.02%	0.01%	0.01%
	WTW	C	0.06%	0.07%	0.06%
	WY	C	0.05%	0.02%	0.02%
	WYNN	D	0.02%	0.0%	0.0%
	XEL	B	0.07%	0.08%	0.07%
	XOM	C	1.04%	0.44%	0.44%
	XYL	C	0.07%	0.01%	0.01%
	YUM	D	0.08%	0.15%	0.08%
	Z	B	0.02%	0.0%	0.0%
	ZBH	F	0.04%	0.01%	0.01%
	ZBRA	B	0.04%	0.01%	0.01%
	ZM	C	0.03%	0.01%	0.01%
	ZTS	C	0.18%	0.16%	0.16%

PBUS Overweight 8 Positions Relative to QWLD

	Symbol	Grade	Weight
	FLUT	B	0.08%
	ALNY	C	0.07%
	MTD	D	0.06%
	HUBS	D	0.05%
	TEAM	D	0.05%
	MDB	D	0.04%
	ZS	F	0.03%
	CELH	F	0.01%

PBUS Underweight 32 Positions Relative to QWLD

	Symbol	Grade	Weight
	NVS	C	-0.89%
	UL	C	-0.3%
	MFG	D	-0.2%
	CHKP	B	-0.19%
	TD	B	-0.14%
	TM	F	-0.14%
	E	C	-0.13%
	DEO	C	-0.12%
	MUFG	D	-0.12%
	CNI	D	-0.11%
	BCS	B	-0.1%
	SMFG	D	-0.09%
	STLA	F	-0.09%
	LYG	B	-0.09%
	HMC	D	-0.08%
	SONY	C	-0.08%
	LOGI	D	-0.06%
	BTI	C	-0.05%
	MT	D	-0.04%
	NMR	D	-0.02%
	AER	B	-0.02%
	OTEX	D	-0.01%
	MBAVU	C	-0.01%
	SE	B	-0.01%
	CCEP	B	-0.01%
	AGCO	D	-0.01%
	WFG	B	-0.01%
	GLBE	C	-0.0%
	XRX	D	-0.0%
	FUTU	D	-0.0%
	GRAB	C	-0.0%
	QGEN	C	-0.0%

PBUS: Top Represented Industries & Keywords

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

QWLD: Top Represented Industries & Keywords

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