PBUS vs. SHUS ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

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

$58.69

Average Daily Volume

178,036

Number of Holdings ^*

583

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$43.86

Average Daily Volume

2,702

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	SHUS
30 Days	2.71%	0.93%
60 Days	6.38%	4.36%
90 Days	7.88%	5.12%
12 Months	34.41%	18.39%

483 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in SHUS	Overlap
	A	F	0.08%	0.15%	0.08%
	AAPL	C	6.44%	0.49%	0.49%
	ABBV	F	0.7%	0.24%	0.24%
	ABNB	C	0.12%	0.12%	0.12%
	ABT	C	0.41%	0.06%	0.06%
	ACGL	C	0.07%	0.14%	0.07%
	ACN	B	0.43%	0.13%	0.13%
	ADBE	C	0.43%	0.15%	0.15%
	ADI	D	0.21%	0.22%	0.21%
	ADM	F	0.05%	0.36%	0.05%
	ADP	A	0.24%	0.21%	0.21%
	ADSK	B	0.12%	0.16%	0.12%
	AEE	B	0.05%	0.08%	0.05%
	AEP	D	0.11%	0.24%	0.11%
	AES	F	0.02%	0.31%	0.02%
	AFL	C	0.11%	0.2%	0.11%
	AIG	B	0.1%	0.19%	0.1%
	AIZ	A	0.02%	0.2%	0.02%
	AJG	A	0.12%	0.03%	0.03%
	AKAM	F	0.03%	0.26%	0.03%
	ALB	C	0.02%	0.05%	0.02%
	ALGN	D	0.03%	0.1%	0.03%
	ALL	B	0.1%	0.19%	0.1%
	ALLE	D	0.03%	0.07%	0.03%
	AMAT	F	0.31%	0.17%	0.17%
	AMCR	D	0.03%	0.12%	0.03%
	AMD	F	0.45%	0.14%	0.14%
	AME	A	0.08%	0.12%	0.08%
	AMGN	F	0.34%	0.23%	0.23%
	AMP	A	0.1%	0.09%	0.09%
	AMT	F	0.2%	0.06%	0.06%
	AMZN	A	3.7%	0.21%	0.21%
	ANET	C	0.21%	0.21%	0.21%
	ANSS	B	0.05%	0.17%	0.05%
	AON	B	0.14%	0.04%	0.04%
	AOS	F	0.02%	0.21%	0.02%
	APA	F	0.02%	0.07%	0.02%
	APD	B	0.13%	0.05%	0.05%
	APH	B	0.17%	0.18%	0.17%
	APTV	F	0.03%	0.39%	0.03%
	ARE	F	0.03%	0.1%	0.03%
	ATO	B	0.04%	0.32%	0.04%
	AVB	B	0.06%	0.1%	0.06%
	AVGO	C	1.52%	0.22%	0.22%
	AVY	F	0.03%	0.06%	0.03%
	AWK	D	0.05%	0.32%	0.05%
	AXON	B	0.06%	0.09%	0.06%
	AXP	B	0.31%	0.05%	0.05%
	AZO	B	0.1%	0.15%	0.1%
	BA	F	0.22%	0.16%	0.16%
	BAC	A	0.58%	0.12%	0.12%
	BALL	D	0.04%	0.12%	0.04%
	BAX	F	0.04%	0.05%	0.04%
	BBWI	C	0.01%	0.19%	0.01%
	BBY	C	0.04%	0.17%	0.04%
	BDX	F	0.14%	0.05%	0.05%
	BEN	C	0.01%	0.08%	0.01%
	BG	D	0.02%	0.36%	0.02%
	BIIB	F	0.05%	0.24%	0.05%
	BK	B	0.11%	0.11%	0.11%
	BKNG	A	0.33%	0.13%	0.13%
	BKR	B	0.08%	0.35%	0.08%
	BLDR	C	0.04%	0.19%	0.04%
	BMY	B	0.22%	0.25%	0.22%
	BR	A	0.05%	0.11%	0.05%
	BRK.A	B	1.17%	0.49%	0.49%
	BRO	B	0.05%	0.03%	0.03%
	BSX	A	0.25%	0.06%	0.06%
	BX	A	0.24%	0.08%	0.08%
	BXP	D	0.02%	0.11%	0.02%
	C	B	0.24%	0.13%	0.13%
	CAG	F	0.03%	0.21%	0.03%
	CAH	B	0.05%	0.19%	0.05%
	CARR	C	0.12%	0.08%	0.08%
	CAT	B	0.37%	0.14%	0.14%
	CB	C	0.21%	0.14%	0.14%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.04%	0.04%
	CCI	F	0.09%	0.06%	0.06%
	CCL	B	0.04%	0.09%	0.04%
	CDNS	B	0.16%	0.33%	0.16%
	CDW	F	0.05%	0.12%	0.05%
	CE	F	0.02%	0.07%	0.02%
	CEG	D	0.15%	0.38%	0.15%
	CF	B	0.03%	0.09%	0.03%
	CFG	B	0.04%	0.05%	0.04%
	CHD	A	0.05%	0.41%	0.05%
	CHRW	A	0.02%	0.09%	0.02%
	CHTR	B	0.07%	0.46%	0.07%
	CI	D	0.18%	0.18%	0.18%
	CINF	A	0.04%	0.14%	0.04%
	CL	F	0.15%	0.4%	0.15%
	CLX	A	0.04%	0.41%	0.04%
	CMCSA	B	0.33%	0.51%	0.33%
	CME	B	0.16%	0.04%	0.04%
	CMG	B	0.15%	0.49%	0.15%
	CMI	A	0.1%	0.08%	0.08%
	CMS	D	0.04%	0.07%	0.04%
	CNC	F	0.07%	0.25%	0.07%
	CNP	B	0.04%	0.25%	0.04%
	COF	B	0.13%	0.69%	0.13%
	COP	C	0.25%	0.07%	0.07%
	COR	B	0.08%	0.18%	0.08%
	COST	B	0.78%	0.7%	0.7%
	CPAY	A	0.04%	0.04%	0.04%
	CPB	F	0.02%	0.2%	0.02%
	CPRT	A	0.09%	0.22%	0.09%
	CPT	C	0.02%	0.1%	0.02%
	CRL	C	0.02%	0.14%	0.02%
	CRM	B	0.57%	0.35%	0.35%
	CRWD	B	0.14%	0.18%	0.14%
	CSCO	A	0.45%	0.21%	0.21%
	CSGP	F	0.06%	0.04%	0.04%
	CSX	B	0.13%	0.08%	0.08%
	CTAS	B	0.15%	0.17%	0.15%
	CTLT	D	0.02%	0.24%	0.02%
	CTRA	B	0.03%	0.17%	0.03%
	CTSH	A	0.07%	0.13%	0.07%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.14%	0.68%	0.14%
	CVX	A	0.53%	0.75%	0.53%
	D	D	0.1%	0.24%	0.1%
	DAL	A	0.02%	0.27%	0.02%
	DAY	B	0.02%	0.22%	0.02%
	DD	D	0.07%	0.05%	0.05%
	DE	D	0.21%	0.13%	0.13%
	DECK	B	0.05%	0.29%	0.05%
	DELL	C	0.07%	0.17%	0.07%
	DFS	B	0.07%	0.68%	0.07%
	DG	F	0.04%	0.17%	0.04%
	DGX	B	0.03%	0.16%	0.03%
	DHI	D	0.1%	0.23%	0.1%
	DHR	F	0.33%	0.1%	0.1%
	DIS	B	0.35%	0.2%	0.2%
	DLR	C	0.12%	0.26%	0.12%
	DLTR	F	0.03%	0.17%	0.03%
	DOC	C	0.03%	0.11%	0.03%
	DOV	A	0.05%	0.17%	0.05%
	DOW	F	0.07%	0.07%	0.07%
	DPZ	C	0.03%	0.52%	0.03%
	DRI	B	0.04%	0.5%	0.04%
	DTE	D	0.05%	0.24%	0.05%
	DUK	D	0.17%	0.07%	0.07%
	DVA	C	0.02%	0.11%	0.02%
	DVN	F	0.05%	0.16%	0.05%
	DXCM	C	0.05%	0.09%	0.05%
	EA	A	0.08%	0.48%	0.08%
	EBAY	C	0.06%	0.22%	0.06%
	ECL	C	0.13%	0.05%	0.05%
	ED	D	0.07%	0.24%	0.07%
	EFX	F	0.07%	0.04%	0.04%
	EG	D	0.03%	0.14%	0.03%
	EIX	C	0.06%	0.24%	0.06%
	EL	F	0.03%	0.49%	0.03%
	ELV	F	0.19%	0.24%	0.19%
	EMN	D	0.02%	0.05%	0.02%
	EMR	A	0.13%	0.03%	0.03%
	ENPH	F	0.02%	0.25%	0.02%
	EOG	A	0.14%	0.07%	0.07%
	EPAM	B	0.02%	0.13%	0.02%
	EQIX	B	0.17%	0.26%	0.17%
	EQR	C	0.05%	0.1%	0.05%
	EQT	B	0.04%	0.18%	0.04%
	ERIE	F	0.02%	0.2%	0.02%
	ES	D	0.04%	0.07%	0.04%
	ESS	C	0.04%	0.1%	0.04%
	ETN	B	0.27%	0.26%	0.26%
	ETR	B	0.06%	0.25%	0.06%
	EVRG	A	0.03%	0.08%	0.03%
	EW	F	0.08%	0.06%	0.06%
	EXC	C	0.08%	0.29%	0.08%
	EXPD	C	0.03%	0.09%	0.03%
	EXPE	B	0.04%	0.12%	0.04%
	EXR	D	0.07%	0.11%	0.07%
	F	C	0.08%	0.24%	0.08%
	FANG	C	0.06%	0.07%	0.06%
	FAST	B	0.09%	0.12%	0.09%
	FCX	F	0.13%	0.29%	0.13%
	FDS	A	0.03%	0.04%	0.03%
	FDX	B	0.13%	0.07%	0.07%
	FE	D	0.05%	0.24%	0.05%
	FFIV	B	0.03%	0.2%	0.03%
	FI	A	0.24%	0.06%	0.06%
	FICO	B	0.1%	0.03%	0.03%
	FIS	B	0.1%	0.05%	0.05%
	FITB	A	0.06%	0.05%	0.05%
	FOX	A	0.01%	0.1%	0.01%
	FOXA	A	0.02%	0.1%	0.02%
	FSLR	F	0.04%	0.2%	0.04%
	FTNT	B	0.1%	0.17%	0.1%
	FTV	C	0.05%	0.03%	0.03%
	GD	C	0.14%	0.16%	0.14%
	GDDY	B	0.05%	0.26%	0.05%
	GE	D	0.38%	0.17%	0.17%
	GEHC	D	0.08%	0.1%	0.08%
	GEN	B	0.03%	0.17%	0.03%
	GEV	B	0.17%	0.18%	0.17%
	GILD	B	0.22%	0.24%	0.22%
	GIS	F	0.08%	0.21%	0.08%
	GLW	B	0.08%	0.19%	0.08%
	GM	B	0.12%	0.24%	0.12%
	GOOG	C	1.71%	0.22%	0.22%
	GOOGL	C	1.97%	0.22%	0.22%
	GPC	D	0.03%	0.15%	0.03%
	GPN	B	0.05%	0.04%	0.04%
	GRMN	A	0.06%	0.32%	0.06%
	GS	B	0.34%	0.25%	0.25%
	GWW	B	0.1%	0.13%	0.1%
	HAL	C	0.05%	0.33%	0.05%
	HBAN	A	0.04%	0.05%	0.04%
	HCA	D	0.14%	0.33%	0.14%
	HD	B	0.79%	0.25%	0.25%
	HES	B	0.08%	0.07%	0.07%
	HIG	C	0.07%	0.14%	0.07%
	HII	F	0.01%	0.08%	0.01%
	HLT	A	0.12%	0.12%	0.12%
	HOLX	D	0.04%	0.1%	0.04%
	HON	B	0.27%	0.16%	0.16%
	HPE	B	0.05%	0.19%	0.05%
	HPQ	B	0.07%	0.34%	0.07%
	HRL	F	0.02%	0.36%	0.02%
	HSIC	F	0.02%	0.2%	0.02%
	HST	D	0.02%	0.11%	0.02%
	HSY	F	0.05%	0.17%	0.05%
	HUBB	C	0.05%	0.26%	0.05%
	HUM	D	0.06%	0.26%	0.06%
	HWM	B	0.08%	0.07%	0.07%
	IBM	D	0.38%	0.33%	0.33%
	ICE	C	0.18%	0.04%	0.04%
	IDXX	F	0.07%	0.09%	0.07%
	IEX	B	0.03%	0.2%	0.03%
	IFF	F	0.05%	0.05%	0.05%
	INCY	B	0.03%	0.25%	0.03%
	INTC	C	0.2%	0.16%	0.16%
	INTU	A	0.34%	0.2%	0.2%
	INVH	D	0.04%	0.1%	0.04%
	IP	B	0.04%	0.06%	0.04%
	IPG	F	0.02%	0.33%	0.02%
	IQV	F	0.08%	0.13%	0.08%
	IR	A	0.08%	0.2%	0.08%
	IRM	D	0.07%	0.06%	0.06%
	ISRG	A	0.36%	0.12%	0.12%
	IT	B	0.08%	0.13%	0.08%
	ITW	B	0.16%	0.17%	0.16%
	J	D	0.04%	0.39%	0.04%
	JBHT	C	0.03%	0.08%	0.03%
	JBL	C	0.03%	0.37%	0.03%
	JCI	A	0.1%	0.08%	0.08%
	JKHY	C	0.03%	0.05%	0.03%
	JNJ	D	0.75%	0.23%	0.23%
	JNPR	D	0.02%	0.19%	0.02%
	JPM	A	1.26%	0.12%	0.12%
	K	A	0.04%	0.18%	0.04%
	KDP	C	0.07%	0.24%	0.07%
	KEY	B	0.03%	0.06%	0.03%
	KEYS	C	0.05%	0.2%	0.05%
	KHC	F	0.06%	0.21%	0.06%
	KIM	A	0.03%	0.06%	0.03%
	KKR	B	0.17%	0.09%	0.09%
	KLAC	F	0.18%	0.17%	0.17%
	KMB	D	0.09%	0.41%	0.09%
	KMI	B	0.1%	0.25%	0.1%
	KMX	B	0.02%	0.14%	0.02%
	KO	F	0.53%	0.24%	0.24%
	KR	A	0.08%	0.73%	0.08%
	KVUE	A	0.09%	0.41%	0.09%
	L	A	0.03%	0.49%	0.03%
	LDOS	C	0.05%	0.13%	0.05%
	LEN	D	0.08%	0.24%	0.08%
	LH	B	0.04%	0.16%	0.04%
	LHX	B	0.09%	0.08%	0.08%
	LIN	D	0.43%	0.04%	0.04%
	LKQ	C	0.02%	0.14%	0.02%
	LLY	F	1.29%	0.23%	0.23%
	LMT	D	0.23%	0.08%	0.08%
	LNT	C	0.03%	0.08%	0.03%
	LOW	B	0.3%	0.25%	0.25%
	LULU	B	0.07%	0.3%	0.07%
	LUV	B	0.01%	0.25%	0.01%
	LVS	C	0.04%	0.08%	0.04%
	LW	B	0.02%	0.22%	0.02%
	LYB	F	0.04%	0.07%	0.04%
	LYV	A	0.04%	0.09%	0.04%
	MA	B	0.83%	0.05%	0.05%
	MAA	C	0.04%	0.1%	0.04%
	MAR	A	0.12%	0.12%	0.12%
	MAS	D	0.04%	0.19%	0.04%
	MCD	C	0.42%	0.49%	0.42%
	MCHP	F	0.08%	0.13%	0.08%
	MCK	B	0.14%	0.18%	0.14%
	MCO	C	0.15%	0.04%	0.04%
	MDLZ	F	0.18%	0.18%	0.18%
	MDT	D	0.23%	0.06%	0.06%
	MET	C	0.09%	0.21%	0.09%
	META	B	2.48%	0.46%	0.46%
	MGM	D	0.02%	0.07%	0.02%
	MKC	D	0.04%	0.21%	0.04%
	MKTX	C	0.02%	0.04%	0.02%
	MLM	B	0.07%	0.17%	0.07%
	MMC	D	0.22%	0.03%	0.03%
	MMM	C	0.14%	0.17%	0.14%
	MNST	B	0.08%	0.25%	0.08%
	MO	A	0.18%	0.35%	0.18%
	MOH	F	0.04%	0.25%	0.04%
	MOS	D	0.02%	0.08%	0.02%
	MPC	D	0.1%	0.48%	0.1%
	MPWR	F	0.07%	0.21%	0.07%
	MRK	F	0.51%	0.24%	0.24%
	MRNA	F	0.03%	0.23%	0.03%
	MRO	B	0.03%	0.07%	0.03%
	MS	A	0.28%	0.26%	0.26%
	MSCI	B	0.09%	0.04%	0.04%
	MSFT	C	5.75%	0.32%	0.32%
	MSI	B	0.15%	0.49%	0.15%
	MTB	A	0.06%	0.06%	0.06%
	MTCH	F	0.02%	0.46%	0.02%
	MTD	F	0.06%	0.14%	0.06%
	MU	D	0.23%	0.15%	0.15%
	NDAQ	B	0.06%	0.04%	0.04%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.32%	0.24%	0.24%
	NEM	F	0.1%	0.24%	0.1%
	NFLX	A	0.65%	0.22%	0.22%
	NI	A	0.03%	0.32%	0.03%
	NKE	F	0.19%	0.33%	0.19%
	NOC	D	0.14%	0.08%	0.08%
	NOW	A	0.39%	0.22%	0.22%
	NRG	C	0.04%	0.32%	0.04%
	NSC	B	0.11%	0.08%	0.08%
	NTAP	D	0.05%	0.17%	0.05%
	NTRS	A	0.04%	0.08%	0.04%
	NUE	D	0.07%	0.25%	0.07%
	NVDA	A	6.81%	0.13%	0.13%
	NVR	D	0.06%	0.3%	0.06%
	NWSA	B	0.02%	0.1%	0.02%
	NXPI	F	0.11%	0.23%	0.11%
	O	D	0.1%	0.06%	0.06%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.11%	0.24%	0.11%
	OMC	A	0.04%	0.33%	0.04%
	ON	F	0.06%	0.22%	0.06%
	ORCL	A	0.56%	0.34%	0.34%
	ORLY	A	0.14%	0.14%	0.14%
	OTIS	D	0.08%	0.08%	0.08%
	OXY	F	0.07%	0.07%	0.07%
	PANW	B	0.23%	0.16%	0.16%
	PARA	B	0.01%	0.2%	0.01%
	PAYC	B	0.02%	0.21%	0.02%
	PAYX	B	0.09%	0.21%	0.09%
	PCAR	B	0.11%	0.12%	0.11%
	PCG	A	0.08%	0.07%	0.07%
	PEG	C	0.08%	0.25%	0.08%
	PEP	D	0.46%	0.17%	0.17%
	PFE	F	0.31%	0.24%	0.24%
	PFG	C	0.04%	0.2%	0.04%
	PG	C	0.77%	0.41%	0.41%
	PGR	A	0.29%	0.19%	0.19%
	PH	A	0.17%	0.08%	0.08%
	PHM	D	0.06%	0.25%	0.06%
	PKG	B	0.04%	0.06%	0.04%
	PLD	D	0.21%	0.06%	0.06%
	PLTR	B	0.21%	0.22%	0.21%
	PM	B	0.41%	0.35%	0.35%
	PNC	B	0.15%	0.06%	0.06%
	PNR	A	0.03%	0.19%	0.03%
	PODD	B	0.03%	0.1%	0.03%
	POOL	D	0.03%	0.13%	0.03%
	PPG	F	0.06%	0.07%	0.06%
	PPL	A	0.05%	0.08%	0.05%
	PRU	B	0.09%	0.2%	0.09%
	PSA	D	0.11%	0.1%	0.1%
	PSX	C	0.1%	0.5%	0.1%
	PTC	B	0.04%	0.17%	0.04%
	PWR	B	0.09%	0.4%	0.09%
	PYPL	A	0.16%	0.06%	0.06%
	QCOM	F	0.37%	0.22%	0.22%
	QRVO	F	0.01%	0.21%	0.01%
	RCL	A	0.1%	0.08%	0.08%
	REG	A	0.03%	0.06%	0.03%
	REGN	F	0.18%	0.23%	0.18%
	RF	A	0.04%	0.06%	0.04%
	RJF	A	0.06%	0.25%	0.06%
	RMD	C	0.07%	0.09%	0.07%
	ROK	B	0.06%	0.03%	0.03%
	ROL	C	0.03%	0.18%	0.03%
	ROP	A	0.12%	0.03%	0.03%
	ROST	D	0.09%	0.71%	0.09%
	RSG	B	0.09%	0.18%	0.09%
	RTX	D	0.31%	0.08%	0.08%
	RVTY	C	0.03%	0.1%	0.03%
	SBAC	D	0.05%	0.06%	0.05%
	SBUX	B	0.22%	0.48%	0.22%
	SCHW	B	0.21%	0.25%	0.21%
	SHW	A	0.18%	0.06%	0.06%
	SJM	F	0.02%	0.21%	0.02%
	SLB	C	0.11%	0.34%	0.11%
	SMCI	F	0.03%	0.15%	0.03%
	SNA	A	0.04%	0.25%	0.04%
	SNPS	C	0.16%	0.34%	0.16%
	SO	D	0.19%	0.08%	0.08%
	SOLV	C	0.02%	0.05%	0.02%
	SPG	A	0.11%	0.06%	0.06%
	SPGI	C	0.31%	0.04%	0.04%
	SRE	B	0.1%	0.07%	0.07%
	STE	D	0.04%	0.12%	0.04%
	STLD	C	0.04%	0.27%	0.04%
	STT	B	0.06%	0.11%	0.06%
	STX	D	0.04%	0.17%	0.04%
	STZ	D	0.08%	0.25%	0.08%
	SW	B	0.05%	0.07%	0.05%
	SWK	F	0.03%	0.26%	0.03%
	SWKS	F	0.03%	0.21%	0.03%
	SYF	B	0.04%	0.68%	0.04%
	SYK	A	0.25%	0.12%	0.12%
	SYY	D	0.07%	0.73%	0.07%
	T	A	0.31%	0.33%	0.31%
	TAP	B	0.02%	0.25%	0.02%
	TDG	D	0.15%	0.06%	0.06%
	TDY	B	0.04%	0.03%	0.03%
	TECH	D	0.02%	0.15%	0.02%
	TER	F	0.03%	0.16%	0.03%
	TFC	B	0.11%	0.05%	0.05%
	TFX	F	0.02%	0.05%	0.02%
	TGT	C	0.14%	0.17%	0.14%
	TJX	A	0.25%	0.71%	0.25%
	TMO	F	0.42%	0.14%	0.14%
	TMUS	A	0.24%	0.33%	0.24%
	TRGP	B	0.07%	0.24%	0.07%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	A	0.05%	0.08%	0.05%
	TRV	B	0.11%	0.14%	0.11%
	TSCO	D	0.06%	0.12%	0.06%
	TSLA	B	1.43%	0.27%	0.27%
	TSN	B	0.03%	0.35%	0.03%
	TT	B	0.17%	0.08%	0.08%
	TTWO	A	0.05%	0.48%	0.05%
	TXN	B	0.36%	0.22%	0.22%
	TXT	D	0.03%	0.16%	0.03%
	TYL	B	0.05%	0.21%	0.05%
	UBER	F	0.28%	0.11%	0.11%
	UDR	C	0.03%	0.1%	0.03%
	UHS	D	0.03%	0.32%	0.03%
	ULTA	C	0.04%	0.17%	0.04%
	UNH	B	1.03%	0.25%	0.25%
	UNP	D	0.28%	0.08%	0.08%
	UPS	C	0.19%	0.08%	0.08%
	URI	B	0.11%	0.14%	0.11%
	USB	B	0.15%	0.05%	0.05%
	V	A	0.91%	0.04%	0.04%
	VICI	D	0.07%	0.06%	0.06%
	VLO	C	0.09%	0.49%	0.09%
	VLTO	D	0.05%	0.03%	0.03%
	VMC	B	0.07%	0.17%	0.07%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	C	0.03%	0.27%	0.03%
	VRTX	B	0.25%	0.23%	0.23%
	VST	B	0.08%	0.4%	0.08%
	VTR	C	0.05%	0.11%	0.05%
	VTRS	B	0.03%	0.24%	0.03%
	VZ	D	0.34%	0.32%	0.32%
	WAB	B	0.07%	0.13%	0.07%
	WAT	B	0.05%	0.15%	0.05%
	WBA	D	0.01%	0.63%	0.01%
	WBD	B	0.04%	0.19%	0.04%
	WDC	D	0.04%	0.17%	0.04%
	WEC	B	0.06%	0.07%	0.06%
	WELL	B	0.16%	0.11%	0.11%
	WFC	A	0.44%	0.13%	0.13%
	WM	A	0.17%	0.18%	0.17%
	WMB	B	0.13%	0.24%	0.13%
	WMT	A	0.73%	0.72%	0.72%
	WRB	B	0.04%	0.13%	0.04%
	WST	B	0.05%	0.05%	0.05%
	WTW	A	0.06%	0.04%	0.04%
	WY	F	0.05%	0.17%	0.05%
	WYNN	C	0.02%	0.08%	0.02%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.05%	0.75%	0.75%
	XYL	F	0.06%	0.19%	0.06%
	YUM	B	0.08%	0.5%	0.08%
	ZBH	C	0.04%	0.12%	0.04%
	ZBRA	B	0.04%	0.13%	0.04%
	ZTS	D	0.16%	0.25%	0.16%

PBUS Overweight 100 Positions Relative to SHUS

	Symbol	Grade	Weight
	LRCX	F	0.2%
	MELI	D	0.19%
	MRVL	B	0.15%
	APO	B	0.12%
	TTD	B	0.11%
	DASH	A	0.1%
	WDAY	B	0.1%
	LNG	B	0.09%
	WCN	A	0.09%
	VRT	B	0.08%
	SQ	B	0.08%
	FLUT	A	0.08%
	ALNY	D	0.07%
	APP	B	0.07%
	DDOG	B	0.07%
	SNOW	C	0.07%
	MSTR	B	0.07%
	TEAM	B	0.07%
	COIN	B	0.07%
	ARES	B	0.06%
	VEEV	B	0.06%
	RBLX	B	0.05%
	BAH	C	0.05%
	ILMN	C	0.05%
	TPL	B	0.05%
	NET	B	0.05%
	HUBS	B	0.05%
	FCNCA	B	0.04%
	PINS	F	0.04%
	ZM	B	0.04%
	MKL	A	0.04%
	TRU	D	0.04%
	CSL	B	0.04%
	MDB	C	0.04%
	LII	B	0.04%
	LPLA	A	0.04%
	EME	B	0.04%
	SNAP	C	0.03%
	HOOD	B	0.03%
	EXAS	F	0.03%
	GLPI	D	0.03%
	GGG	B	0.03%
	EQH	B	0.03%
	TWLO	B	0.03%
	HEI	A	0.03%
	DOCU	B	0.03%
	TW	B	0.03%
	ACM	B	0.03%
	FNF	C	0.03%
	ENTG	F	0.03%
	AVTR	F	0.03%
	OC	A	0.03%
	DT	C	0.03%
	SSNC	C	0.03%
	PSTG	D	0.03%
	UTHR	B	0.03%
	DKNG	B	0.03%
	BURL	C	0.03%
	MANH	C	0.03%
	SUI	F	0.03%
	RPM	A	0.03%
	WSO	B	0.03%
	ZS	B	0.03%
	RS	C	0.03%
	WSM	F	0.03%
	RIVN	F	0.02%
	BSY	F	0.02%
	CHRD	D	0.02%
	BIO	C	0.02%
	CRBG	C	0.02%
	SEIC	A	0.02%
	TTC	F	0.02%
	ROKU	C	0.02%
	KNX	C	0.02%
	AFG	A	0.02%
	Z	B	0.02%
	ALLY	C	0.02%
	CNH	D	0.02%
	IOT	B	0.02%
	WTRG	C	0.02%
	RPRX	F	0.02%
	OVV	C	0.02%
	HEI	A	0.02%
	FBIN	F	0.02%
	TOST	A	0.02%
	CCK	D	0.02%
	AMH	C	0.02%
	CG	B	0.02%
	DKS	D	0.02%
	OKTA	C	0.02%
	NBIX	C	0.02%
	WPC	F	0.02%
	ELS	B	0.02%
	BMRN	F	0.02%
	CELH	F	0.01%
	WLK	F	0.01%
	H	B	0.01%
	DINO	D	0.01%
	UHAL	D	0.01%
	ACI	C	0.01%

PBUS Underweight 17 Positions Relative to SHUS

	Symbol	Grade	Weight
	BWA	B	-0.41%
	RL	B	-0.32%
	TPR	A	-0.32%
	UAL	A	-0.28%
	HAS	D	-0.25%
	TEL	B	-0.19%
	GL	B	-0.19%
	MHK	D	-0.18%
	NWS	B	-0.1%
	NCLH	B	-0.09%
	BLK	A	-0.09%
	IVZ	B	-0.09%
	GNRC	B	-0.08%
	FMC	F	-0.08%
	CZR	F	-0.07%
	PNW	A	-0.07%
	FRT	B	-0.06%

PBUS: Top Represented Industries & Keywords

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

SHUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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