PBUS vs. SPYV ETF Comparison

Comparison of Invesco PureBeta MSCI USA ETF (PBUS) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$59.94

Average Daily Volume

175,980

Number of Holdings ^*

584

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	PBUS	SPYV
30 Days	3.61%	2.77%
60 Days	5.14%	4.01%
90 Days	6.91%	6.06%
12 Months	33.43%	26.94%

419 Overlapping Holdings

	Symbol	Grade	Weight in PBUS	Weight in SPYV	Overlap
	A	D	0.07%	0.18%	0.07%
	ABBV	D	0.57%	0.88%	0.57%
	ABNB	C	0.11%	0.14%	0.11%
	ABT	B	0.38%	0.94%	0.38%
	ACN	C	0.44%	0.49%	0.44%
	ADI	D	0.2%	0.2%	0.2%
	ADM	D	0.05%	0.12%	0.05%
	ADP	B	0.24%	0.35%	0.24%
	ADSK	A	0.13%	0.15%	0.13%
	AEE	A	0.05%	0.11%	0.05%
	AEP	D	0.1%	0.23%	0.1%
	AES	F	0.02%	0.05%	0.02%
	AFL	B	0.11%	0.26%	0.11%
	AIG	B	0.1%	0.23%	0.1%
	AIZ	A	0.02%	0.05%	0.02%
	AJG	B	0.12%	0.15%	0.12%
	AKAM	D	0.03%	0.03%	0.03%
	ALB	C	0.02%	0.06%	0.02%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.1%	0.24%	0.1%
	ALLE	D	0.02%	0.04%	0.02%
	AMCR	D	0.03%	0.07%	0.03%
	AME	A	0.09%	0.11%	0.09%
	AMGN	D	0.3%	0.75%	0.3%
	AMP	A	0.11%	0.12%	0.11%
	AMT	D	0.17%	0.25%	0.17%
	ANSS	B	0.06%	0.06%	0.06%
	AON	A	0.14%	0.19%	0.14%
	AOS	F	0.02%	0.02%	0.02%
	APD	A	0.13%	0.33%	0.13%
	APH	A	0.17%	0.18%	0.17%
	APTV	D	0.03%	0.07%	0.03%
	ARE	D	0.03%	0.08%	0.03%
	ATO	A	0.04%	0.1%	0.04%
	AVB	B	0.06%	0.15%	0.06%
	AVY	D	0.03%	0.08%	0.03%
	AWK	D	0.05%	0.12%	0.05%
	AXP	A	0.32%	0.23%	0.23%
	AZO	C	0.1%	0.08%	0.08%
	BA	F	0.19%	0.26%	0.19%
	BAC	A	0.62%	1.45%	0.62%
	BALL	D	0.04%	0.09%	0.04%
	BAX	D	0.03%	0.08%	0.03%
	BBY	D	0.04%	0.08%	0.04%
	BDX	F	0.13%	0.31%	0.13%
	BEN	C	0.01%	0.03%	0.01%
	BG	F	0.02%	0.06%	0.02%
	BIIB	F	0.05%	0.11%	0.05%
	BK	A	0.11%	0.27%	0.11%
	BKR	B	0.08%	0.2%	0.08%
	BLK	C	0.3%	0.68%	0.3%
	BMY	B	0.23%	0.56%	0.23%
	BR	A	0.05%	0.05%	0.05%
	BRK.A	B	1.19%	4.01%	1.19%
	BRO	B	0.05%	0.03%	0.03%
	BSX	B	0.25%	0.27%	0.25%
	BX	A	0.25%	0.17%	0.17%
	BXP	D	0.02%	0.05%	0.02%
	C	A	0.25%	0.61%	0.25%
	CAG	D	0.03%	0.06%	0.03%
	CAH	B	0.06%	0.14%	0.06%
	CARR	D	0.12%	0.15%	0.12%
	CAT	B	0.36%	0.37%	0.36%
	CB	C	0.21%	0.5%	0.21%
	CBOE	B	0.04%	0.03%	0.03%
	CBRE	B	0.08%	0.19%	0.08%
	CCI	D	0.09%	0.21%	0.09%
	CCL	B	0.05%	0.03%	0.03%
	CDW	F	0.05%	0.07%	0.05%
	CEG	D	0.14%	0.18%	0.14%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.04%	0.1%	0.04%
	CHD	B	0.05%	0.07%	0.05%
	CHRW	C	0.02%	0.06%	0.02%
	CHTR	C	0.07%	0.1%	0.07%
	CI	F	0.18%	0.42%	0.18%
	CINF	A	0.04%	0.11%	0.04%
	CL	D	0.14%	0.21%	0.14%
	CLX	B	0.04%	0.1%	0.04%
	CMCSA	B	0.33%	0.79%	0.33%
	CME	A	0.15%	0.24%	0.15%
	CMI	A	0.1%	0.23%	0.1%
	CMS	C	0.04%	0.09%	0.04%
	CNC	D	0.06%	0.14%	0.06%
	CNP	B	0.04%	0.09%	0.04%
	COF	B	0.13%	0.33%	0.13%
	COP	C	0.25%	0.19%	0.19%
	COR	B	0.08%	0.2%	0.08%
	COST	B	0.79%	1.11%	0.79%
	CPB	D	0.02%	0.04%	0.02%
	CPT	B	0.02%	0.06%	0.02%
	CRL	C	0.02%	0.05%	0.02%
	CSCO	B	0.45%	1.09%	0.45%
	CSGP	D	0.06%	0.08%	0.06%
	CSX	B	0.13%	0.16%	0.13%
	CTAS	B	0.15%	0.16%	0.15%
	CTLT	B	0.02%	0.05%	0.02%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	B	0.08%	0.19%	0.08%
	CTVA	C	0.08%	0.19%	0.08%
	CVS	D	0.13%	0.32%	0.13%
	CVX	A	0.54%	1.29%	0.54%
	D	C	0.09%	0.22%	0.09%
	DAL	C	0.02%	0.09%	0.02%
	DAY	B	0.02%	0.03%	0.02%
	DD	D	0.07%	0.16%	0.07%
	DE	A	0.2%	0.2%	0.2%
	DELL	C	0.07%	0.08%	0.07%
	DFS	B	0.08%	0.09%	0.08%
	DG	F	0.03%	0.08%	0.03%
	DGX	A	0.03%	0.08%	0.03%
	DHR	F	0.31%	0.72%	0.31%
	DIS	B	0.38%	0.93%	0.38%
	DLR	B	0.11%	0.15%	0.11%
	DLTR	F	0.03%	0.06%	0.03%
	DOC	D	0.03%	0.07%	0.03%
	DOV	A	0.05%	0.13%	0.05%
	DOW	F	0.06%	0.15%	0.06%
	DPZ	C	0.03%	0.04%	0.03%
	DRI	B	0.04%	0.04%	0.04%
	DTE	C	0.05%	0.12%	0.05%
	DUK	C	0.16%	0.4%	0.16%
	DVA	B	0.02%	0.01%	0.01%
	DVN	F	0.05%	0.12%	0.05%
	DXCM	D	0.06%	0.05%	0.05%
	EA	A	0.08%	0.1%	0.08%
	EBAY	D	0.06%	0.14%	0.06%
	ECL	D	0.12%	0.14%	0.12%
	ED	D	0.06%	0.15%	0.06%
	EFX	F	0.06%	0.09%	0.06%
	EG	C	0.03%	0.07%	0.03%
	EIX	B	0.06%	0.15%	0.06%
	EL	F	0.03%	0.07%	0.03%
	ELV	F	0.18%	0.44%	0.18%
	EMN	D	0.02%	0.06%	0.02%
	EMR	A	0.14%	0.35%	0.14%
	ENPH	F	0.02%	0.03%	0.02%
	EOG	A	0.15%	0.12%	0.12%
	EPAM	C	0.03%	0.04%	0.03%
	EQIX	A	0.17%	0.21%	0.17%
	EQR	B	0.05%	0.12%	0.05%
	EQT	B	0.05%	0.12%	0.05%
	ERIE	D	0.02%	0.02%	0.02%
	ES	D	0.04%	0.1%	0.04%
	ESS	B	0.04%	0.09%	0.04%
	ETN	A	0.28%	0.26%	0.26%
	ETR	B	0.06%	0.15%	0.06%
	EVRG	A	0.03%	0.07%	0.03%
	EW	C	0.08%	0.12%	0.08%
	EXC	C	0.07%	0.18%	0.07%
	EXPD	D	0.03%	0.05%	0.03%
	EXR	D	0.07%	0.16%	0.07%
	F	C	0.08%	0.2%	0.08%
	FAST	B	0.09%	0.11%	0.09%
	FCX	D	0.12%	0.15%	0.12%
	FDS	B	0.04%	0.05%	0.04%
	FDX	B	0.13%	0.31%	0.13%
	FE	C	0.04%	0.1%	0.04%
	FFIV	B	0.03%	0.07%	0.03%
	FI	A	0.24%	0.27%	0.24%
	FIS	C	0.09%	0.23%	0.09%
	FITB	A	0.06%	0.15%	0.06%
	FOX	A	0.01%	0.03%	0.01%
	FOXA	B	0.02%	0.05%	0.02%
	FSLR	F	0.04%	0.1%	0.04%
	GD	F	0.13%	0.35%	0.13%
	GE	D	0.37%	0.52%	0.37%
	GEHC	F	0.07%	0.18%	0.07%
	GEN	B	0.03%	0.08%	0.03%
	GEV	B	0.17%	0.24%	0.17%
	GILD	C	0.22%	0.54%	0.22%
	GIS	D	0.07%	0.17%	0.07%
	GLW	B	0.07%	0.17%	0.07%
	GM	B	0.13%	0.3%	0.13%
	GPC	D	0.03%	0.08%	0.03%
	GPN	B	0.06%	0.14%	0.06%
	GRMN	B	0.06%	0.07%	0.06%
	GS	A	0.36%	0.87%	0.36%
	GWW	B	0.1%	0.06%	0.06%
	HAL	C	0.05%	0.12%	0.05%
	HBAN	A	0.05%	0.12%	0.05%
	HCA	F	0.13%	0.16%	0.13%
	HD	A	0.77%	1.19%	0.77%
	HIG	B	0.07%	0.16%	0.07%
	HII	D	0.01%	0.04%	0.01%
	HOLX	D	0.04%	0.08%	0.04%
	HON	B	0.29%	0.7%	0.29%
	HPE	B	0.05%	0.13%	0.05%
	HPQ	B	0.07%	0.17%	0.07%
	HRL	D	0.02%	0.04%	0.02%
	HSIC	B	0.02%	0.04%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HSY	F	0.05%	0.08%	0.05%
	HUBB	B	0.05%	0.06%	0.05%
	HUM	C	0.07%	0.16%	0.07%
	HWM	A	0.08%	0.09%	0.08%
	IBM	C	0.37%	0.9%	0.37%
	ICE	C	0.17%	0.42%	0.17%
	IDXX	F	0.07%	0.07%	0.07%
	IEX	B	0.03%	0.08%	0.03%
	IFF	D	0.04%	0.11%	0.04%
	INCY	C	0.02%	0.06%	0.02%
	INTC	D	0.2%	0.5%	0.2%
	INVH	D	0.04%	0.09%	0.04%
	IP	B	0.04%	0.09%	0.04%
	IPG	D	0.02%	0.05%	0.02%
	IQV	D	0.07%	0.1%	0.07%
	IR	B	0.08%	0.05%	0.05%
	IRM	D	0.06%	0.08%	0.06%
	ISRG	A	0.37%	0.3%	0.3%
	ITW	B	0.16%	0.18%	0.16%
	J	F	0.03%	0.08%	0.03%
	JBHT	C	0.03%	0.07%	0.03%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.27%	0.11%
	JKHY	D	0.02%	0.06%	0.02%
	JNJ	D	0.7%	1.71%	0.7%
	JNPR	F	0.02%	0.06%	0.02%
	JPM	A	1.33%	3.22%	1.33%
	K	A	0.04%	0.1%	0.04%
	KDP	D	0.07%	0.18%	0.07%
	KEY	B	0.03%	0.08%	0.03%
	KEYS	A	0.05%	0.13%	0.05%
	KHC	F	0.06%	0.13%	0.06%
	KIM	A	0.03%	0.08%	0.03%
	KMB	D	0.09%	0.21%	0.09%
	KMI	A	0.1%	0.24%	0.1%
	KMX	B	0.02%	0.06%	0.02%
	KO	D	0.49%	0.69%	0.49%
	KR	B	0.08%	0.18%	0.08%
	KVUE	A	0.09%	0.21%	0.09%
	L	A	0.03%	0.07%	0.03%
	LDOS	C	0.04%	0.11%	0.04%
	LEN	D	0.08%	0.08%	0.08%
	LH	C	0.04%	0.09%	0.04%
	LHX	C	0.09%	0.22%	0.09%
	LIN	D	0.42%	0.49%	0.42%
	LKQ	D	0.02%	0.05%	0.02%
	LMT	D	0.22%	0.54%	0.22%
	LNT	A	0.03%	0.07%	0.03%
	LOW	D	0.3%	0.72%	0.3%
	LUV	C	0.01%	0.09%	0.01%
	LVS	C	0.03%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.04%	0.1%	0.04%
	MA	C	0.83%	0.56%	0.56%
	MAA	B	0.03%	0.09%	0.03%
	MAS	D	0.03%	0.04%	0.03%
	MCD	D	0.41%	0.56%	0.41%
	MCHP	D	0.07%	0.07%	0.07%
	MCK	B	0.15%	0.37%	0.15%
	MCO	B	0.15%	0.19%	0.15%
	MDLZ	F	0.17%	0.24%	0.17%
	MDT	D	0.21%	0.52%	0.21%
	MET	A	0.1%	0.23%	0.1%
	MGM	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.09%	0.04%
	MKTX	D	0.02%	0.05%	0.02%
	MLM	B	0.07%	0.06%	0.06%
	MMC	B	0.21%	0.25%	0.21%
	MMM	D	0.14%	0.34%	0.14%
	MNST	C	0.08%	0.07%	0.07%
	MO	A	0.18%	0.44%	0.18%
	MOH	F	0.03%	0.03%	0.03%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.11%	0.11%	0.11%
	MRK	F	0.48%	0.7%	0.48%
	MRNA	F	0.03%	0.06%	0.03%
	MRO	B	0.03%	0.04%	0.03%
	MS	A	0.31%	0.77%	0.31%
	MSCI	C	0.09%	0.1%	0.09%
	MSI	B	0.16%	0.16%	0.16%
	MTB	A	0.07%	0.17%	0.07%
	MTCH	D	0.02%	0.04%	0.02%
	MTD	D	0.05%	0.08%	0.05%
	MU	D	0.21%	0.52%	0.21%
	NDAQ	A	0.06%	0.15%	0.06%
	NDSN	B	0.03%	0.07%	0.03%
	NEE	D	0.3%	0.72%	0.3%
	NEM	D	0.09%	0.22%	0.09%
	NI	A	0.03%	0.08%	0.03%
	NKE	D	0.18%	0.24%	0.18%
	NOC	D	0.13%	0.32%	0.13%
	NRG	B	0.04%	0.09%	0.04%
	NSC	B	0.11%	0.28%	0.11%
	NTAP	C	0.05%	0.07%	0.05%
	NTRS	A	0.04%	0.1%	0.04%
	NUE	C	0.07%	0.06%	0.06%
	NWSA	B	0.02%	0.05%	0.02%
	NXPI	D	0.11%	0.07%	0.07%
	O	D	0.09%	0.23%	0.09%
	OKE	A	0.12%	0.11%	0.11%
	OMC	C	0.04%	0.1%	0.04%
	ON	D	0.06%	0.08%	0.06%
	ORLY	B	0.14%	0.09%	0.09%
	OTIS	C	0.08%	0.11%	0.08%
	OXY	D	0.06%	0.16%	0.06%
	PARA	C	0.01%	0.03%	0.01%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	C	0.09%	0.13%	0.09%
	PCAR	B	0.12%	0.08%	0.08%
	PCG	A	0.08%	0.21%	0.08%
	PEG	A	0.08%	0.2%	0.08%
	PEP	F	0.44%	0.68%	0.44%
	PFE	D	0.28%	0.69%	0.28%
	PFG	D	0.04%	0.09%	0.04%
	PG	A	0.76%	1.12%	0.76%
	PGR	A	0.29%	0.35%	0.29%
	PH	A	0.17%	0.09%	0.09%
	PKG	A	0.04%	0.1%	0.04%
	PLD	D	0.2%	0.5%	0.2%
	PM	B	0.38%	0.59%	0.38%
	PNC	B	0.16%	0.39%	0.16%
	PNR	A	0.03%	0.02%	0.02%
	PODD	C	0.03%	0.05%	0.03%
	POOL	C	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.13%	0.06%
	PPL	B	0.05%	0.12%	0.05%
	PRU	A	0.09%	0.21%	0.09%
	PSA	D	0.1%	0.14%	0.1%
	PSX	C	0.11%	0.25%	0.11%
	PTC	A	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.07%	0.07%
	PYPL	B	0.16%	0.41%	0.16%
	QCOM	F	0.35%	0.41%	0.35%
	QRVO	F	0.01%	0.03%	0.01%
	REG	B	0.02%	0.06%	0.02%
	REGN	F	0.16%	0.16%	0.16%
	RF	A	0.05%	0.11%	0.05%
	RJF	A	0.06%	0.14%	0.06%
	RMD	C	0.06%	0.16%	0.06%
	ROK	B	0.06%	0.08%	0.06%
	ROL	B	0.03%	0.04%	0.03%
	ROP	B	0.12%	0.16%	0.12%
	RSG	A	0.09%	0.09%	0.09%
	RTX	C	0.3%	0.74%	0.3%
	RVTY	F	0.03%	0.07%	0.03%
	SBAC	D	0.04%	0.07%	0.04%
	SBUX	A	0.22%	0.22%	0.22%
	SCHW	B	0.23%	0.56%	0.23%
	SHW	A	0.18%	0.21%	0.18%
	SJM	D	0.02%	0.06%	0.02%
	SLB	C	0.12%	0.29%	0.12%
	SNA	A	0.04%	0.05%	0.04%
	SO	D	0.18%	0.44%	0.18%
	SOLV	C	0.02%	0.04%	0.02%
	SPG	B	0.11%	0.16%	0.11%
	SPGI	C	0.31%	0.43%	0.31%
	SRE	A	0.11%	0.27%	0.11%
	STE	F	0.04%	0.05%	0.04%
	STLD	B	0.04%	0.03%	0.03%
	STT	A	0.05%	0.13%	0.05%
	STX	D	0.04%	0.06%	0.04%
	STZ	D	0.08%	0.18%	0.08%
	SW	A	0.05%	0.12%	0.05%
	SWK	D	0.02%	0.06%	0.02%
	SWKS	F	0.03%	0.06%	0.03%
	SYF	B	0.05%	0.12%	0.05%
	SYK	C	0.25%	0.22%	0.22%
	SYY	B	0.07%	0.17%	0.07%
	T	A	0.31%	0.75%	0.31%
	TAP	C	0.02%	0.05%	0.02%
	TDY	B	0.04%	0.1%	0.04%
	TECH	D	0.02%	0.05%	0.02%
	TER	D	0.03%	0.08%	0.03%
	TFC	A	0.12%	0.29%	0.12%
	TFX	F	0.02%	0.04%	0.02%
	TGT	F	0.14%	0.33%	0.14%
	TJX	A	0.26%	0.22%	0.22%
	TMO	F	0.39%	0.59%	0.39%
	TMUS	B	0.24%	0.55%	0.24%
	TRMB	B	0.03%	0.08%	0.03%
	TROW	B	0.05%	0.13%	0.05%
	TRV	B	0.11%	0.27%	0.11%
	TSCO	D	0.06%	0.08%	0.06%
	TSN	B	0.04%	0.09%	0.04%
	TT	A	0.18%	0.13%	0.13%
	TTWO	A	0.06%	0.07%	0.06%
	TXN	C	0.36%	0.56%	0.36%
	TXT	D	0.03%	0.08%	0.03%
	UDR	B	0.03%	0.06%	0.03%
	UHS	D	0.02%	0.06%	0.02%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	1.05%	1.59%	1.05%
	UNP	C	0.28%	0.37%	0.28%
	UPS	C	0.19%	0.46%	0.19%
	USB	A	0.15%	0.37%	0.15%
	V	A	0.93%	0.82%	0.82%
	VICI	C	0.06%	0.15%	0.06%
	VLO	C	0.09%	0.21%	0.09%
	VLTO	D	0.05%	0.12%	0.05%
	VMC	B	0.07%	0.06%	0.06%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.04%	0.03%
	VRTX	F	0.24%	0.21%	0.21%
	VTR	C	0.05%	0.12%	0.05%
	VTRS	A	0.03%	0.07%	0.03%
	VZ	C	0.33%	0.81%	0.33%
	WAB	B	0.07%	0.16%	0.07%
	WAT	B	0.04%	0.07%	0.04%
	WBA	F	0.01%	0.03%	0.01%
	WBD	C	0.04%	0.1%	0.04%
	WDC	D	0.04%	0.1%	0.04%
	WEC	A	0.06%	0.14%	0.06%
	WELL	A	0.15%	0.36%	0.15%
	WFC	A	0.49%	1.16%	0.49%
	WM	A	0.17%	0.2%	0.17%
	WMB	A	0.13%	0.19%	0.13%
	WMT	A	0.72%	1.72%	0.72%
	WRB	A	0.04%	0.08%	0.04%
	WTW	B	0.06%	0.15%	0.06%
	WY	D	0.04%	0.11%	0.04%
	XEL	A	0.07%	0.18%	0.07%
	XOM	B	1.04%	2.51%	1.04%
	XYL	D	0.06%	0.14%	0.06%
	YUM	B	0.07%	0.1%	0.07%
	ZBH	C	0.04%	0.1%	0.04%
	ZBRA	B	0.04%	0.1%	0.04%
	ZTS	D	0.15%	0.17%	0.15%

PBUS Overweight 165 Positions Relative to SPYV

	Symbol	Grade	Weight
	NVDA	C	6.93%
	AAPL	C	6.38%
	MSFT	F	5.79%
	AMZN	C	3.8%
	META	D	2.43%
	GOOGL	C	1.98%
	GOOG	C	1.72%
	TSLA	B	1.71%
	AVGO	D	1.45%
	LLY	F	1.22%
	NFLX	A	0.69%
	CRM	B	0.62%
	ORCL	B	0.59%
	ADBE	C	0.45%
	AMD	F	0.43%
	NOW	A	0.41%
	INTU	C	0.38%
	BKNG	A	0.32%
	AMAT	F	0.3%
	UBER	D	0.26%
	PANW	C	0.24%
	PLTR	B	0.23%
	ANET	C	0.2%
	LRCX	F	0.19%
	KKR	A	0.18%
	KLAC	D	0.17%
	CMG	B	0.16%
	CDNS	B	0.16%
	SNPS	B	0.16%
	MELI	D	0.16%
	MRVL	B	0.15%
	CRWD	B	0.15%
	TDG	D	0.14%
	APO	B	0.13%
	MAR	B	0.13%
	FTNT	C	0.12%
	HLT	A	0.12%
	TTD	B	0.11%
	RCL	A	0.11%
	URI	B	0.11%
	WDAY	B	0.11%
	APP	B	0.11%
	FICO	B	0.11%
	CPRT	A	0.1%
	MSTR	C	0.1%
	COIN	C	0.1%
	DASH	A	0.1%
	SQ	B	0.09%
	WCN	A	0.09%
	FLUT	A	0.09%
	ROST	C	0.09%
	VST	B	0.09%
	DHI	D	0.09%
	LNG	B	0.09%
	HES	B	0.08%
	TEAM	A	0.08%
	TRGP	B	0.08%
	IT	C	0.08%
	VRT	B	0.08%
	AXON	A	0.08%
	ODFL	B	0.08%
	FANG	D	0.07%
	VEEV	C	0.07%
	DDOG	A	0.07%
	LULU	C	0.07%
	ACGL	D	0.07%
	SNOW	C	0.07%
	ARES	A	0.06%
	ALNY	D	0.06%
	HUBS	A	0.06%
	WST	C	0.05%
	RBLX	C	0.05%
	CPAY	A	0.05%
	TYL	B	0.05%
	GDDY	A	0.05%
	FTV	C	0.05%
	DECK	A	0.05%
	PHM	D	0.05%
	MPWR	F	0.05%
	NET	B	0.05%
	NVR	D	0.05%
	TPL	A	0.05%
	WSO	A	0.04%
	ZS	C	0.04%
	TRU	D	0.04%
	LII	A	0.04%
	BAH	F	0.04%
	ZM	B	0.04%
	CSL	C	0.04%
	LYV	A	0.04%
	FCNCA	A	0.04%
	MDB	C	0.04%
	MKL	A	0.04%
	BLDR	D	0.04%
	EME	C	0.04%
	ILMN	D	0.04%
	LPLA	A	0.04%
	EXPE	B	0.04%
	GLPI	C	0.03%
	AVTR	F	0.03%
	ACM	A	0.03%
	TOST	B	0.03%
	TW	A	0.03%
	ENTG	D	0.03%
	GGG	B	0.03%
	DT	C	0.03%
	PSTG	D	0.03%
	EQH	B	0.03%
	SUI	D	0.03%
	FNF	B	0.03%
	HEI	B	0.03%
	TWLO	A	0.03%
	UTHR	C	0.03%
	SSNC	B	0.03%
	DOCU	A	0.03%
	OC	A	0.03%
	HOOD	B	0.03%
	WSM	B	0.03%
	MANH	D	0.03%
	PINS	D	0.03%
	BURL	A	0.03%
	RPM	A	0.03%
	DKNG	B	0.03%
	RS	B	0.03%
	CE	F	0.02%
	CHRD	D	0.02%
	CRBG	B	0.02%
	APA	D	0.02%
	TTC	D	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%
	SMCI	F	0.02%
	FBIN	D	0.02%
	RPRX	D	0.02%
	WTRG	B	0.02%
	ALLY	C	0.02%
	AFG	A	0.02%
	IOT	A	0.02%
	CCK	C	0.02%
	SNAP	C	0.02%
	Z	A	0.02%
	DKS	C	0.02%
	HEI	B	0.02%
	WPC	D	0.02%
	CG	A	0.02%
	OVV	B	0.02%
	NBIX	C	0.02%
	AMH	D	0.02%
	BMRN	D	0.02%
	OKTA	C	0.02%
	ELS	C	0.02%
	CELH	F	0.01%
	WLK	D	0.01%
	UHAL	D	0.01%
	BBWI	D	0.01%
	DINO	D	0.01%
	H	B	0.01%
	ACI	C	0.01%
	RIVN	F	0.01%
	BIO	D	0.01%
	BSY	D	0.01%

PBUS Underweight 14 Positions Relative to SPYV

	Symbol	Grade	Weight
	UAL	A	-0.14%
	TPR	B	-0.06%
	GL	B	-0.05%
	PNW	B	-0.05%
	BWA	D	-0.04%
	IVZ	B	-0.04%
	HAS	D	-0.04%
	FRT	B	-0.04%
	FMC	D	-0.03%
	MHK	D	-0.03%
	CZR	F	-0.02%
	NWS	B	-0.02%
	RL	B	-0.02%
	GNRC	B	-0.02%

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

SPYV: Top Represented Industries & Keywords

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

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