PBUS vs. SCHJ ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to HCM Defender 500 Index ETF (SCHJ)

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

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$24.45

Average Daily Volume

90,843

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	SCHJ
30 Days	1.32%	-0.40%
60 Days	4.39%	-0.83%
90 Days	6.05%	0.38%
12 Months	32.48%	7.03%

322 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in SCHJ	Overlap
	A	F	0.07%	0.02%	0.02%
	AAPL	C	6.38%	0.04%	0.04%
	ABBV	F	0.57%	0.03%	0.03%
	ABT	A	0.38%	0.02%	0.02%
	ADBE	D	0.45%	0.01%	0.01%
	ADI	D	0.2%	0.02%	0.02%
	ADM	D	0.05%	0.02%	0.02%
	ADP	B	0.24%	0.05%	0.05%
	ADSK	B	0.13%	0.02%	0.02%
	AEE	A	0.05%	0.0%	0.0%
	AEP	C	0.1%	0.01%	0.01%
	AES	F	0.02%	0.0%	0.0%
	AFL	C	0.11%	0.01%	0.01%
	AIG	C	0.1%	0.04%	0.04%
	AIZ	A	0.02%	0.02%	0.02%
	ALB	B	0.02%	0.01%	0.01%
	ALL	A	0.1%	0.03%	0.03%
	ALLE	D	0.02%	0.02%	0.02%
	ALLY	C	0.02%	0.03%	0.02%
	AMAT	F	0.3%	0.04%	0.04%
	AMCR	D	0.03%	0.03%	0.03%
	AMGN	D	0.3%	0.01%	0.01%
	AMP	A	0.11%	0.02%	0.02%
	AMT	D	0.17%	0.01%	0.01%
	AMZN	B	3.8%	0.04%	0.04%
	AON	B	0.14%	0.02%	0.02%
	APD	A	0.13%	0.02%	0.02%
	APH	B	0.17%	0.0%	0.0%
	APTV	F	0.03%	0.01%	0.01%
	ARE	F	0.03%	0.02%	0.02%
	ATO	A	0.04%	0.05%	0.04%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	C	1.45%	0.02%	0.02%
	AWK	C	0.05%	0.02%	0.02%
	AXP	B	0.32%	0.04%	0.04%
	AZO	C	0.1%	0.0%	0.0%
	BA	D	0.19%	0.01%	0.01%
	BAC	A	0.62%	0.03%	0.03%
	BAX	F	0.03%	0.03%	0.03%
	BDX	F	0.13%	0.05%	0.05%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.02%	0.02%	0.02%
	BIIB	F	0.05%	0.1%	0.05%
	BK	B	0.11%	0.01%	0.01%
	BKNG	A	0.32%	0.02%	0.02%
	BLK	B	0.3%	0.07%	0.07%
	BMY	A	0.23%	0.02%	0.02%
	BR	B	0.05%	0.02%	0.02%
	BRO	B	0.05%	0.01%	0.01%
	BSX	A	0.25%	0.0%	0.0%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.25%	0.03%	0.03%
	CAG	F	0.03%	0.01%	0.01%
	CAH	B	0.06%	0.02%	0.02%
	CARR	D	0.12%	0.1%	0.1%
	CAT	C	0.36%	0.02%	0.02%
	CB	C	0.21%	0.02%	0.02%
	CCI	C	0.09%	0.01%	0.01%
	CE	F	0.02%	0.03%	0.02%
	CF	A	0.03%	0.02%	0.02%
	CFG	B	0.04%	0.02%	0.02%
	CHD	A	0.05%	0.01%	0.01%
	CHTR	B	0.07%	0.06%	0.06%
	CI	D	0.18%	0.02%	0.02%
	CL	D	0.14%	0.0%	0.0%
	CLX	A	0.04%	0.03%	0.03%
	CMCSA	B	0.33%	0.01%	0.01%
	CME	A	0.15%	0.07%	0.07%
	CMI	A	0.1%	0.0%	0.0%
	CMS	C	0.04%	0.0%	0.0%
	CNH	C	0.02%	0.02%	0.02%
	CNP	A	0.04%	0.02%	0.02%
	COF	B	0.13%	0.01%	0.01%
	COP	B	0.25%	0.09%	0.09%
	COST	A	0.79%	0.0%	0.0%
	CPB	D	0.02%	0.01%	0.01%
	CRM	B	0.62%	0.02%	0.02%
	CSCO	B	0.45%	0.03%	0.03%
	CSL	C	0.04%	0.01%	0.01%
	CSX	C	0.13%	0.01%	0.01%
	CTRA	B	0.04%	0.0%	0.0%
	CTVA	C	0.08%	0.02%	0.02%
	CVS	F	0.13%	0.01%	0.01%
	CVX	A	0.54%	0.02%	0.02%
	D	C	0.09%	0.02%	0.02%
	DAL	A	0.02%	0.02%	0.02%
	DD	D	0.07%	0.09%	0.07%
	DE	C	0.2%	0.0%	0.0%
	DELL	B	0.07%	0.04%	0.04%
	DFS	B	0.08%	0.02%	0.02%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHI	D	0.09%	0.02%	0.02%
	DHR	D	0.31%	0.01%	0.01%
	DIS	B	0.38%	0.04%	0.04%
	DLR	A	0.11%	0.03%	0.03%
	DLTR	F	0.03%	0.05%	0.03%
	DOC	D	0.03%	0.0%	0.0%
	DOV	B	0.05%	0.02%	0.02%
	DOW	F	0.06%	0.04%	0.04%
	DTE	C	0.05%	0.01%	0.01%
	DUK	C	0.16%	0.02%	0.02%
	DVN	F	0.05%	0.02%	0.02%
	EA	A	0.08%	0.03%	0.03%
	EBAY	D	0.06%	0.03%	0.03%
	ED	C	0.06%	0.03%	0.03%
	EFX	F	0.06%	0.01%	0.01%
	EIX	C	0.06%	0.0%	0.0%
	EL	F	0.03%	0.02%	0.02%
	EMN	D	0.02%	0.05%	0.02%
	EMR	A	0.14%	0.03%	0.03%
	EOG	A	0.15%	0.02%	0.02%
	EQH	B	0.03%	0.02%	0.02%
	EQIX	A	0.17%	0.02%	0.02%
	EQR	C	0.05%	0.03%	0.03%
	ES	C	0.04%	0.01%	0.01%
	ESS	A	0.04%	0.0%	0.0%
	ETN	B	0.28%	0.05%	0.05%
	ETR	A	0.06%	0.02%	0.02%
	EVRG	A	0.03%	0.03%	0.03%
	EXC	C	0.07%	0.03%	0.03%
	EXPE	B	0.04%	0.02%	0.02%
	FANG	D	0.07%	0.03%	0.03%
	FCNCA	A	0.04%	0.0%	0.0%
	FDX	B	0.13%	0.04%	0.04%
	FE	C	0.04%	0.01%	0.01%
	FIS	C	0.09%	0.03%	0.03%
	FITB	B	0.06%	0.01%	0.01%
	FOXA	B	0.02%	0.04%	0.02%
	FTNT	B	0.12%	0.03%	0.03%
	FTV	D	0.05%	0.03%	0.03%
	GD	D	0.13%	0.02%	0.02%
	GE	D	0.37%	0.03%	0.03%
	GILD	C	0.22%	0.07%	0.07%
	GIS	F	0.07%	0.01%	0.01%
	GLPI	C	0.03%	0.02%	0.02%
	GM	B	0.13%	0.01%	0.01%
	GOOGL	B	1.98%	0.03%	0.03%
	GPN	C	0.06%	0.02%	0.02%
	GS	B	0.36%	0.05%	0.05%
	GWW	B	0.1%	0.03%	0.03%
	H	B	0.01%	0.02%	0.01%
	HAL	C	0.05%	0.03%	0.03%
	HBAN	B	0.05%	0.02%	0.02%
	HCA	F	0.13%	0.04%	0.04%
	HD	A	0.77%	0.01%	0.01%
	HES	B	0.08%	0.02%	0.02%
	HII	F	0.01%	0.02%	0.01%
	HON	B	0.29%	0.04%	0.04%
	HPE	B	0.05%	0.03%	0.03%
	HPQ	B	0.07%	0.1%	0.07%
	HRL	D	0.02%	0.05%	0.02%
	HST	D	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.01%	0.01%
	HUBB	B	0.05%	0.02%	0.02%
	HUM	D	0.07%	0.01%	0.01%
	IBM	C	0.37%	0.03%	0.03%
	ICE	C	0.17%	0.02%	0.02%
	IFF	D	0.04%	0.03%	0.03%
	ILMN	C	0.04%	0.02%	0.02%
	INTC	C	0.2%	0.02%	0.02%
	INTU	B	0.38%	0.02%	0.02%
	IP	A	0.04%	0.03%	0.03%
	ITW	B	0.16%	0.04%	0.04%
	JBHT	C	0.03%	0.04%	0.03%
	JBL	C	0.03%	0.03%	0.03%
	JCI	B	0.11%	0.03%	0.03%
	JNJ	D	0.7%	0.02%	0.02%
	JNPR	D	0.02%	0.02%	0.02%
	JPM	A	1.33%	0.02%	0.02%
	K	B	0.04%	0.02%	0.02%
	KDP	D	0.07%	0.02%	0.02%
	KEY	B	0.03%	0.03%	0.03%
	KEYS	C	0.05%	0.03%	0.03%
	KIM	A	0.03%	0.0%	0.0%
	KLAC	F	0.17%	0.07%	0.07%
	KMB	C	0.09%	0.02%	0.02%
	KMI	A	0.1%	0.01%	0.01%
	KO	D	0.49%	0.05%	0.05%
	KR	B	0.08%	0.02%	0.02%
	L	A	0.03%	0.02%	0.02%
	LDOS	C	0.04%	0.03%	0.03%
	LEN	D	0.08%	0.02%	0.02%
	LH	B	0.04%	0.02%	0.02%
	LHX	B	0.09%	0.03%	0.03%
	LII	A	0.04%	0.03%	0.03%
	LIN	D	0.42%	0.0%	0.0%
	LLY	F	1.22%	0.02%	0.02%
	LMT	D	0.22%	0.02%	0.02%
	LNT	A	0.03%	0.02%	0.02%
	LOW	C	0.3%	0.01%	0.01%
	LRCX	F	0.19%	0.01%	0.01%
	LUV	B	0.01%	0.04%	0.01%
	LVS	B	0.03%	0.03%	0.03%
	LYB	F	0.04%	0.02%	0.02%
	MA	B	0.83%	0.04%	0.04%
	MAA	A	0.03%	0.01%	0.01%
	MAR	B	0.13%	0.02%	0.02%
	MCD	D	0.41%	0.01%	0.01%
	MCHP	F	0.07%	0.05%	0.05%
	MCK	A	0.15%	0.01%	0.01%
	MCO	D	0.15%	0.02%	0.02%
	MDLZ	F	0.17%	0.03%	0.03%
	MDT	D	0.21%	0.1%	0.1%
	MET	A	0.1%	0.02%	0.02%
	MKC	D	0.04%	0.03%	0.03%
	MLM	B	0.07%	0.04%	0.04%
	MMC	D	0.21%	0.02%	0.02%
	MMM	D	0.14%	0.02%	0.02%
	MO	A	0.18%	0.02%	0.02%
	MOS	D	0.02%	0.04%	0.02%
	MPC	D	0.11%	0.03%	0.03%
	MRK	F	0.48%	0.05%	0.05%
	MRVL	B	0.15%	0.02%	0.02%
	MS	A	0.31%	0.03%	0.03%
	MSFT	D	5.79%	0.05%	0.05%
	MSI	B	0.16%	0.03%	0.03%
	MTB	A	0.07%	0.01%	0.01%
	MU	D	0.21%	0.03%	0.03%
	NDAQ	A	0.06%	0.02%	0.02%
	NEE	C	0.3%	0.0%	0.0%
	NEM	D	0.09%	0.01%	0.01%
	NI	A	0.03%	0.06%	0.03%
	NKE	F	0.18%	0.01%	0.01%
	NOC	D	0.13%	0.04%	0.04%
	NSC	B	0.11%	0.0%	0.0%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.04%	0.04%	0.04%
	NUE	D	0.07%	0.02%	0.02%
	NVDA	A	6.93%	0.03%	0.03%
	NXPI	F	0.11%	0.02%	0.02%
	O	C	0.09%	0.01%	0.01%
	OC	A	0.03%	0.02%	0.02%
	OKE	A	0.12%	0.0%	0.0%
	OMC	C	0.04%	0.02%	0.02%
	ORCL	A	0.59%	0.06%	0.06%
	ORLY	B	0.14%	0.02%	0.02%
	OTIS	C	0.08%	0.07%	0.07%
	PCAR	C	0.12%	0.0%	0.0%
	PCG	A	0.08%	0.02%	0.02%
	PEG	C	0.08%	0.02%	0.02%
	PEP	F	0.44%	0.02%	0.02%
	PFE	F	0.28%	0.03%	0.03%
	PFG	C	0.04%	0.02%	0.02%
	PG	C	0.76%	0.02%	0.02%
	PH	B	0.17%	0.04%	0.04%
	PHM	D	0.05%	0.03%	0.03%
	PKG	B	0.04%	0.02%	0.02%
	PM	A	0.38%	0.02%	0.02%
	PNC	B	0.16%	0.02%	0.02%
	PPG	F	0.06%	0.01%	0.01%
	PPL	A	0.05%	0.04%	0.04%
	PRU	B	0.09%	0.01%	0.01%
	PSA	C	0.1%	0.01%	0.01%
	PSX	C	0.11%	0.01%	0.01%
	PYPL	B	0.16%	0.03%	0.03%
	QCOM	F	0.35%	0.02%	0.02%
	RF	A	0.05%	0.05%	0.05%
	ROK	B	0.06%	0.02%	0.02%
	ROP	C	0.12%	0.01%	0.01%
	ROST	D	0.09%	0.02%	0.02%
	RPM	B	0.03%	0.02%	0.02%
	RPRX	F	0.02%	0.04%	0.02%
	RS	B	0.03%	0.02%	0.02%
	RSG	A	0.09%	0.01%	0.01%
	RTX	D	0.3%	0.02%	0.02%
	SBUX	A	0.22%	0.04%	0.04%
	SCHW	A	0.23%	0.01%	0.01%
	SHW	C	0.18%	0.02%	0.02%
	SJM	D	0.02%	0.05%	0.02%
	SLB	C	0.12%	0.02%	0.02%
	SO	C	0.18%	0.0%	0.0%
	SPG	A	0.11%	0.02%	0.02%
	SPGI	D	0.31%	0.04%	0.04%
	SRE	A	0.11%	0.02%	0.02%
	STLD	B	0.04%	0.02%	0.02%
	STT	B	0.05%	0.01%	0.01%
	STZ	D	0.08%	0.02%	0.02%
	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%	0.02%	0.02%
	SYY	D	0.07%	0.02%	0.02%
	T	A	0.31%	0.01%	0.01%
	TAP	B	0.02%	0.08%	0.02%
	TDY	B	0.04%	0.02%	0.02%
	TFC	A	0.12%	0.02%	0.02%
	TGT	B	0.14%	0.05%	0.05%
	TJX	A	0.26%	0.02%	0.02%
	TMO	F	0.39%	0.03%	0.03%
	TMUS	B	0.24%	0.06%	0.06%
	TRMB	B	0.03%	0.02%	0.02%
	TSN	B	0.04%	0.02%	0.02%
	TT	A	0.18%	0.03%	0.03%
	TXN	C	0.36%	0.0%	0.0%
	TXT	D	0.03%	0.0%	0.0%
	UHS	D	0.02%	0.04%	0.02%
	UNH	C	1.05%	0.01%	0.01%
	UNP	D	0.28%	0.0%	0.0%
	UPS	C	0.19%	0.02%	0.02%
	USB	B	0.15%	0.03%	0.03%
	V	A	0.93%	0.09%	0.09%
	VLO	C	0.09%	0.03%	0.03%
	VMC	B	0.07%	0.03%	0.03%
	VRSK	B	0.08%	0.05%	0.05%
	VRSN	F	0.03%	0.03%	0.03%
	VTR	B	0.05%	0.01%	0.01%
	VZ	C	0.33%	0.02%	0.02%
	WAB	B	0.07%	0.02%	0.02%
	WBA	F	0.01%	0.06%	0.01%
	WEC	A	0.06%	0.02%	0.02%
	WELL	A	0.15%	0.0%	0.0%
	WFC	A	0.49%	0.02%	0.02%
	WLK	F	0.01%	0.04%	0.01%
	WM	B	0.17%	0.02%	0.02%
	WMB	A	0.13%	0.03%	0.03%
	WMT	A	0.72%	0.03%	0.03%
	WPC	C	0.02%	0.02%	0.02%
	XEL	A	0.07%	0.02%	0.02%
	XOM	B	1.04%	0.03%	0.03%
	ZBH	C	0.04%	0.01%	0.01%
	ZTS	D	0.15%	0.02%	0.02%

PBUS Overweight 262 Positions Relative to SCHJ

	Symbol	Grade	Weight
	META	C	2.43%
	GOOG	B	1.72%
	TSLA	A	1.71%
	BRK.A	B	1.19%
	NFLX	A	0.69%
	ACN	C	0.44%
	AMD	F	0.43%
	NOW	B	0.41%
	ISRG	A	0.37%
	PGR	B	0.29%
	UBER	F	0.26%
	BX	A	0.25%
	FI	A	0.24%
	VRTX	D	0.24%
	PANW	B	0.24%
	PLTR	A	0.23%
	ANET	C	0.2%
	PLD	D	0.2%
	KKR	A	0.18%
	ELV	F	0.18%
	GEV	A	0.17%
	CMG	C	0.16%
	CDNS	B	0.16%
	SNPS	C	0.16%
	REGN	F	0.16%
	MELI	D	0.16%
	CTAS	B	0.15%
	CRWD	B	0.15%
	CEG	C	0.14%
	TDG	D	0.14%
	APO	A	0.13%
	FCX	F	0.12%
	HLT	A	0.12%
	ECL	D	0.12%
	AJG	B	0.12%
	TTD	B	0.11%
	RCL	A	0.11%
	URI	B	0.11%
	WDAY	C	0.11%
	APP	A	0.11%
	TRV	A	0.11%
	FICO	B	0.11%
	ABNB	D	0.11%
	CPRT	B	0.1%
	MSTR	A	0.1%
	COIN	A	0.1%
	DASH	A	0.1%
	AME	A	0.09%
	KVUE	A	0.09%
	SQ	A	0.09%
	FAST	B	0.09%
	PAYX	B	0.09%
	PWR	A	0.09%
	WCN	A	0.09%
	FLUT	A	0.09%
	MSCI	B	0.09%
	VST	A	0.09%
	LNG	A	0.09%
	EW	C	0.08%
	CTSH	C	0.08%
	TEAM	A	0.08%
	TRGP	A	0.08%
	CBRE	B	0.08%
	MNST	C	0.08%
	IT	C	0.08%
	IR	B	0.08%
	VRT	A	0.08%
	BKR	B	0.08%
	AXON	A	0.08%
	COR	B	0.08%
	F	C	0.08%
	HWM	A	0.08%
	ODFL	B	0.08%
	HIG	B	0.07%
	EXR	C	0.07%
	IDXX	F	0.07%
	VEEV	C	0.07%
	GEHC	D	0.07%
	DDOG	A	0.07%
	IQV	F	0.07%
	LULU	C	0.07%
	ACGL	D	0.07%
	GLW	B	0.07%
	YUM	D	0.07%
	SNOW	C	0.07%
	KHC	F	0.06%
	ON	F	0.06%
	ANSS	B	0.06%
	XYL	D	0.06%
	DXCM	C	0.06%
	TSCO	D	0.06%
	TTWO	A	0.06%
	CSGP	F	0.06%
	CNC	F	0.06%
	ARES	A	0.06%
	RJF	A	0.06%
	GRMN	B	0.06%
	WTW	B	0.06%
	ALNY	D	0.06%
	IRM	C	0.06%
	HUBS	B	0.06%
	VICI	C	0.06%
	OXY	F	0.06%
	RMD	C	0.06%
	EQT	A	0.05%
	CDW	F	0.05%
	CCL	A	0.05%
	WST	D	0.05%
	RBLX	B	0.05%
	CPAY	A	0.05%
	VLTO	C	0.05%
	TYL	B	0.05%
	GDDY	A	0.05%
	SW	A	0.05%
	TROW	B	0.05%
	DECK	A	0.05%
	MPWR	F	0.05%
	MTD	F	0.05%
	NET	B	0.05%
	NVR	D	0.05%
	TPL	A	0.05%
	HOLX	D	0.04%
	WSO	A	0.04%
	WRB	B	0.04%
	FDS	B	0.04%
	BBY	D	0.04%
	ZS	B	0.04%
	NRG	B	0.04%
	BALL	D	0.04%
	STX	D	0.04%
	ZBRA	B	0.04%
	TRU	D	0.04%
	SNA	B	0.04%
	FSLR	F	0.04%
	DRI	C	0.04%
	BAH	D	0.04%
	INVH	D	0.04%
	WDC	F	0.04%
	ZM	B	0.04%
	CBOE	C	0.04%
	LYV	A	0.04%
	MDB	C	0.04%
	MKL	A	0.04%
	BLDR	D	0.04%
	STE	D	0.04%
	WY	D	0.04%
	PTC	B	0.04%
	WAT	C	0.04%
	EME	A	0.04%
	WBD	B	0.04%
	CINF	A	0.04%
	LPLA	A	0.04%
	SBAC	D	0.04%
	MRNA	F	0.03%
	AKAM	F	0.03%
	POOL	D	0.03%
	UDR	C	0.03%
	AVTR	F	0.03%
	NDSN	D	0.03%
	ROL	B	0.03%
	EPAM	C	0.03%
	FFIV	B	0.03%
	ACM	B	0.03%
	RVTY	D	0.03%
	TOST	A	0.03%
	TW	A	0.03%
	VTRS	A	0.03%
	ENTG	F	0.03%
	DPZ	C	0.03%
	GGG	B	0.03%
	DT	C	0.03%
	PSTG	F	0.03%
	EG	D	0.03%
	SUI	C	0.03%
	FNF	A	0.03%
	HEI	A	0.03%
	ALGN	D	0.03%
	AVY	D	0.03%
	TWLO	A	0.03%
	UTHR	C	0.03%
	MRO	A	0.03%
	SSNC	C	0.03%
	DOCU	B	0.03%
	TER	F	0.03%
	HOOD	A	0.03%
	GEN	B	0.03%
	WSM	D	0.03%
	EXPD	D	0.03%
	IEX	B	0.03%
	GPC	F	0.03%
	MAS	D	0.03%
	MANH	D	0.03%
	PINS	F	0.03%
	PNR	B	0.03%
	BURL	A	0.03%
	J	D	0.03%
	ULTA	F	0.03%
	PODD	B	0.03%
	DKNG	B	0.03%
	MOH	F	0.03%
	MTCH	F	0.02%
	CHRD	F	0.02%
	DVA	C	0.02%
	CRBG	B	0.02%
	APA	F	0.02%
	TTC	F	0.02%
	HSIC	C	0.02%
	AOS	F	0.02%
	TFX	F	0.02%
	ENPH	F	0.02%
	SEIC	B	0.02%
	MGM	D	0.02%
	KNX	B	0.02%
	EXAS	D	0.02%
	ROKU	D	0.02%
	WYNN	D	0.02%
	SMCI	F	0.02%
	FBIN	F	0.02%
	CRL	D	0.02%
	MKTX	D	0.02%
	SOLV	F	0.02%
	WTRG	B	0.02%
	AFG	A	0.02%
	IOT	A	0.02%
	LKQ	F	0.02%
	CTLT	D	0.02%
	CCK	D	0.02%
	ERIE	F	0.02%
	NWSA	B	0.02%
	PAYC	B	0.02%
	IPG	F	0.02%
	TECH	F	0.02%
	SNAP	D	0.02%
	Z	A	0.02%
	LW	C	0.02%
	DKS	D	0.02%
	HEI	A	0.02%
	KMX	C	0.02%
	CG	B	0.02%
	OVV	C	0.02%
	NBIX	C	0.02%
	AMH	C	0.02%
	DAY	B	0.02%
	BMRN	F	0.02%
	OKTA	D	0.02%
	JKHY	D	0.02%
	ELS	B	0.02%
	CPT	C	0.02%
	INCY	C	0.02%
	CHRW	B	0.02%
	REG	A	0.02%
	CELH	F	0.01%
	UHAL	D	0.01%
	FOX	A	0.01%
	QRVO	F	0.01%
	BBWI	C	0.01%
	PARA	D	0.01%
	DINO	D	0.01%
	ACI	C	0.01%
	RIVN	F	0.01%
	BIO	C	0.01%
	BSY	D	0.01%

PBUS Underweight 114 Positions Relative to SCHJ

	Symbol	Grade	Weight
	BABA	D	-0.09%
	STLA	F	-0.07%
	SF	B	-0.05%
	BERY	D	-0.05%
	DXC	D	-0.04%
	CMA	B	-0.04%
	BHP	F	-0.04%
	VFC	C	-0.04%
	JEF	A	-0.04%
	GSK	F	-0.04%
	TPR	B	-0.03%
	FAF	C	-0.03%
	HP	C	-0.03%
	THG	A	-0.03%
	BWA	D	-0.03%
	KMPR	A	-0.03%
	HAS	D	-0.03%
	MAIN	A	-0.03%
	TEL	C	-0.03%
	RL	C	-0.03%
	GP	F	-0.03%
	ORI	A	-0.03%
	TME	F	-0.03%
	BC	D	-0.03%
	SNX	D	-0.03%
	AN	D	-0.03%
	MHK	D	-0.03%
	WB	C	-0.03%
	FRT	B	-0.03%
	OPI	F	-0.03%
	JD	D	-0.03%
	AWH	F	-0.03%
	PVH	C	-0.03%
	JHG	B	-0.03%
	VNT	C	-0.03%
	BKU	A	-0.03%
	CNO	B	-0.03%
	AVT	C	-0.03%
	EPD	A	-0.03%
	ARCC	A	-0.03%
	BIDU	F	-0.03%
	HSBC	A	-0.03%
	TSLX	C	-0.02%
	TCPC	C	-0.02%
	FNB	B	-0.02%
	VLY	B	-0.02%
	SNV	B	-0.02%
	WAL	B	-0.02%
	LEG	F	-0.02%
	RGA	B	-0.02%
	KSS	F	-0.02%
	SBRA	B	-0.02%
	OCSL	F	-0.02%
	GXO	B	-0.02%
	HTGC	D	-0.02%
	NEU	D	-0.02%
	BCSF	A	-0.02%
	PSEC	D	-0.02%
	AGO	A	-0.02%
	RNR	C	-0.02%
	KRC	C	-0.02%
	TKR	F	-0.02%
	PNW	B	-0.02%
	G	B	-0.02%
	HRB	D	-0.02%
	GBDC	B	-0.02%
	FHN	A	-0.02%
	LNC	B	-0.02%
	HOG	F	-0.02%
	UNM	A	-0.02%
	LAZ	B	-0.02%
	GSBD	F	-0.02%
	BKH	A	-0.02%
	VOYA	B	-0.02%
	SLG	B	-0.02%
	CNA	C	-0.02%
	NNN	C	-0.02%
	UAL	A	-0.02%
	R	B	-0.02%
	SITC	D	-0.02%
	AGR	A	-0.02%
	CM	A	-0.02%
	AL	B	-0.02%
	VOD	D	-0.02%
	AER	B	-0.02%
	BNS	A	-0.02%
	DB	D	-0.02%
	RY	B	-0.02%
	MUFG	A	-0.02%
	NWG	B	-0.02%
	VNO	C	-0.01%
	PDM	D	-0.01%
	ARW	F	-0.01%
	OGE	A	-0.01%
	OHI	B	-0.01%
	CP	F	-0.01%
	WEST	C	-0.01%
	AMG	C	-0.01%
	OGS	A	-0.01%
	PAA	B	-0.01%
	NFG	A	-0.01%
	BMO	A	-0.01%
	TD	D	-0.01%
	AZN	F	-0.01%
	SCCO	F	-0.0%
	WHR	B	-0.0%
	FLEX	B	-0.0%
	CUBE	C	-0.0%
	BDN	C	-0.0%
	BRX	A	-0.0%
	WU	F	-0.0%
	IVZ	C	-0.0%
	FSK	A	-0.0%
	MPLX	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

SCHJ: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Drug Manufacturers - Major Credit Services Diversified Industrials Semiconductors REIT - Office Specialty Chemicals Business Services Packaged Foods Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas E&P REIT - Retail Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability