PTLC vs. INRO ETF Comparison

Comparison of Pacer Trendpilot 750 ETF (PTLC) to BlackRock U.S. Industry Rotation ETF (INRO)

PTLC

Pacer Trendpilot 750 ETF

PTLC Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer Wilshire US Large-Cap Trendpilot Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. It may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the index but which the Adviser believes will help the fund track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.54

Average Daily Volume

139,814

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

3,548

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

Performance

Period	PTLC	INRO
30 Days	3.00%	5.09%
60 Days	4.44%	6.25%
90 Days	6.15%	7.10%
12 Months	30.45%

350 Overlapping Holdings

	Symbol	Grade	Weight in PTLC	Weight in INRO	Overlap
	A	D	0.08%	0.05%	0.05%
	AAPL	C	6.9%	5.76%	5.76%
	ABBV	D	0.59%	0.39%	0.39%
	ACGL	D	0.07%	0.05%	0.05%
	ACN	C	0.45%	0.07%	0.07%
	ADBE	C	0.47%	0.32%	0.32%
	ADI	D	0.21%	0.22%	0.21%
	ADP	B	0.24%	0.29%	0.24%
	ADSK	A	0.13%	0.09%	0.09%
	AEP	D	0.1%	0.32%	0.1%
	AES	F	0.02%	0.03%	0.02%
	AFL	B	0.11%	0.09%	0.09%
	AIG	B	0.1%	0.09%	0.09%
	AIZ	A	0.02%	0.02%	0.02%
	AJG	B	0.13%	0.1%	0.1%
	ALL	A	0.1%	0.08%	0.08%
	ALLE	D	0.03%	0.08%	0.03%
	AMAT	F	0.31%	0.3%	0.3%
	AMCR	D	0.03%	0.07%	0.03%
	AMD	F	0.45%	0.47%	0.45%
	AME	A	0.09%	0.15%	0.09%
	AMGN	D	0.32%	0.2%	0.2%
	AMP	A	0.11%	0.19%	0.11%
	AMT	D	0.18%	0.11%	0.11%
	AMZN	C	3.92%	1.47%	1.47%
	ANSS	B	0.06%	0.05%	0.05%
	AON	A	0.16%	0.11%	0.11%
	AOS	F	0.02%	0.06%	0.02%
	APA	D	0.02%	0.01%	0.01%
	APD	A	0.14%	0.01%	0.01%
	APH	A	0.17%	0.19%	0.17%
	ARE	D	0.03%	0.04%	0.03%
	ATO	A	0.04%	0.05%	0.04%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	1.58%	1.54%	1.54%
	AVY	D	0.03%	0.07%	0.03%
	AXON	A	0.08%	0.02%	0.02%
	AXP	A	0.32%	1.14%	0.32%
	AZO	C	0.1%	0.15%	0.1%
	BA	F	0.16%	0.04%	0.04%
	BAC	A	0.61%	0.81%	0.61%
	BALL	D	0.04%	0.08%	0.04%
	BBWI	D	0.0%	0.02%	0.0%
	BBY	D	0.04%	0.05%	0.04%
	BEN	C	0.01%	0.03%	0.01%
	BIIB	F	0.05%	0.03%	0.03%
	BK	A	0.11%	0.11%	0.11%
	BKR	B	0.08%	0.07%	0.07%
	BLDR	D	0.04%	0.15%	0.04%
	BMY	B	0.23%	0.11%	0.11%
	BR	A	0.05%	0.08%	0.05%
	BRK.A	B	1.7%	0.06%	0.06%
	BRO	B	0.05%	0.04%	0.04%
	BX	A	0.26%	0.45%	0.26%
	BXP	D	0.02%	1.35%	0.02%
	C	A	0.26%	0.34%	0.26%
	CARR	D	0.13%	0.42%	0.13%
	CAT	B	0.37%	0.35%	0.35%
	CB	C	0.21%	0.17%	0.17%
	CBOE	B	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.87%	0.08%
	CCI	D	0.09%	0.06%	0.06%
	CDNS	B	0.17%	0.12%	0.12%
	CDW	F	0.05%	0.05%	0.05%
	CEG	D	0.14%	0.45%	0.14%
	CFG	B	0.04%	0.06%	0.04%
	CHRW	C	0.03%	0.0%	0.0%
	CINF	A	0.05%	0.04%	0.04%
	CME	A	0.16%	0.3%	0.16%
	CMI	A	0.1%	0.1%	0.1%
	COF	B	0.14%	0.48%	0.14%
	COP	C	0.26%	0.24%	0.24%
	COST	B	0.81%	0.47%	0.47%
	CPRT	A	0.1%	0.21%	0.1%
	CPT	B	0.03%	0.01%	0.01%
	CRL	C	0.02%	0.01%	0.01%
	CRM	B	0.64%	0.45%	0.45%
	CRWD	B	0.16%	0.12%	0.12%
	CSGP	D	0.06%	0.63%	0.06%
	CSX	B	0.14%	0.25%	0.14%
	CTAS	B	0.15%	0.34%	0.15%
	CTLT	B	0.02%	0.01%	0.01%
	CTRA	B	0.04%	0.03%	0.03%
	CTSH	B	0.08%	0.01%	0.01%
	CTVA	C	0.08%	0.01%	0.01%
	CVX	A	0.55%	0.5%	0.5%
	DAL	C	0.08%	0.03%	0.03%
	DAY	B	0.02%	0.03%	0.02%
	DD	D	0.07%	0.01%	0.01%
	DE	A	0.2%	0.2%	0.2%
	DELL	C	0.08%	0.07%	0.07%
	DFS	B	0.09%	0.29%	0.09%
	DG	F	0.03%	0.02%	0.02%
	DHI	D	0.1%	0.33%	0.1%
	DHR	F	0.3%	0.19%	0.19%
	DLR	B	0.11%	0.07%	0.07%
	DLTR	F	0.03%	0.01%	0.01%
	DOC	D	0.03%	0.03%	0.03%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.01%	0.01%
	DUK	C	0.17%	0.54%	0.17%
	DVN	F	0.05%	0.04%	0.04%
	EBAY	D	0.06%	0.02%	0.02%
	ECL	D	0.12%	0.0%	0.0%
	EFX	F	0.06%	0.08%	0.06%
	EG	C	0.03%	0.03%	0.03%
	EIX	B	0.06%	0.21%	0.06%
	EMR	A	0.15%	0.24%	0.15%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	A	0.15%	0.15%	0.15%
	EPAM	C	0.03%	0.01%	0.01%
	EQIX	A	0.17%	0.1%	0.1%
	EQR	B	0.05%	0.01%	0.01%
	EQT	B	0.05%	0.04%	0.04%
	ERIE	D	0.02%	0.02%	0.02%
	ES	D	0.04%	0.14%	0.04%
	ESS	B	0.04%	0.01%	0.01%
	ETN	A	0.29%	0.48%	0.29%
	ETR	B	0.06%	0.2%	0.06%
	EVRG	A	0.03%	0.11%	0.03%
	EXC	C	0.08%	0.25%	0.08%
	EXPD	D	0.03%	0.0%	0.0%
	EXR	D	0.07%	0.04%	0.04%
	F	C	0.09%	0.06%	0.06%
	FANG	D	0.07%	0.06%	0.06%
	FAST	B	0.09%	0.4%	0.09%
	FCX	D	0.12%	0.12%	0.12%
	FDS	B	0.04%	0.08%	0.04%
	FDX	B	0.13%	0.02%	0.02%
	FE	C	0.04%	0.15%	0.04%
	FI	A	0.24%	0.01%	0.01%
	FICO	B	0.11%	0.08%	0.08%
	FIS	C	0.1%	0.01%	0.01%
	FITB	A	0.06%	0.08%	0.06%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	C	0.12%	0.08%	0.08%
	FTV	C	0.05%	0.05%	0.05%
	GD	F	0.15%	0.03%	0.03%
	GDDY	A	0.05%	0.01%	0.01%
	GE	D	0.38%	0.08%	0.08%
	GEN	B	0.03%	0.02%	0.02%
	GEV	B	0.18%	0.31%	0.18%
	GILD	C	0.23%	0.14%	0.14%
	GLW	B	0.07%	0.09%	0.07%
	GM	B	0.13%	0.09%	0.09%
	GOOG	C	1.69%	2.72%	1.69%
	GOOGL	C	2.04%	3.13%	2.04%
	GRMN	B	0.06%	0.22%	0.06%
	GS	A	0.37%	0.64%	0.37%
	GWW	B	0.1%	0.44%	0.1%
	HAL	C	0.05%	0.04%	0.04%
	HBAN	A	0.05%	0.07%	0.05%
	HD	A	0.8%	1.17%	0.8%
	HES	B	0.08%	0.07%	0.07%
	HIG	B	0.07%	0.05%	0.05%
	HII	D	0.02%	0.0%	0.0%
	HON	B	0.3%	1.6%	0.3%
	HPE	B	0.06%	0.05%	0.05%
	HPQ	B	0.07%	0.06%	0.06%
	HUBB	B	0.05%	0.08%	0.05%
	HWM	A	0.09%	0.02%	0.02%
	IBM	C	0.38%	0.06%	0.06%
	ICE	C	0.18%	0.33%	0.18%
	IEX	B	0.03%	0.03%	0.03%
	INCY	C	0.02%	0.02%	0.02%
	INTC	D	0.21%	0.22%	0.21%
	INTU	C	0.39%	0.26%	0.26%
	INVH	D	0.04%	0.01%	0.01%
	IP	B	0.04%	0.09%	0.04%
	IQV	D	0.07%	0.05%	0.05%
	IR	B	0.08%	0.08%	0.08%
	IRM	D	0.07%	0.04%	0.04%
	IT	C	0.08%	0.02%	0.02%
	ITW	B	0.14%	0.15%	0.14%
	J	F	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.06%	0.03%
	JBL	B	0.03%	0.03%	0.03%
	JCI	C	0.11%	0.39%	0.11%
	JNJ	D	0.73%	0.37%	0.37%
	JPM	A	1.37%	1.74%	1.37%
	KEY	B	0.04%	0.05%	0.04%
	KEYS	A	0.05%	0.06%	0.05%
	KKR	A	0.2%	0.31%	0.2%
	KLAC	D	0.17%	0.17%	0.17%
	KMI	A	0.1%	0.1%	0.1%
	KMX	B	0.02%	0.03%	0.02%
	KR	B	0.08%	0.05%	0.05%
	L	A	0.03%	0.03%	0.03%
	LDOS	C	0.05%	0.05%	0.05%
	LEN	D	0.08%	0.28%	0.08%
	LHX	C	0.09%	0.02%	0.02%
	LIN	D	0.43%	0.03%	0.03%
	LLY	F	1.23%	0.57%	0.57%
	LMT	D	0.23%	0.05%	0.05%
	LNT	A	0.03%	0.11%	0.03%
	LOW	D	0.31%	0.43%	0.31%
	LRCX	F	0.19%	0.19%	0.19%
	LUV	C	0.04%	0.02%	0.02%
	LYB	F	0.04%	0.0%	0.0%
	MA	C	0.85%	0.04%	0.04%
	MAA	B	0.04%	0.01%	0.01%
	MAS	D	0.03%	0.12%	0.03%
	MCHP	D	0.07%	0.08%	0.07%
	MCO	B	0.15%	0.28%	0.15%
	MET	A	0.1%	0.08%	0.08%
	META	D	2.51%	3.68%	2.51%
	MKTX	D	0.02%	0.04%	0.02%
	MLM	B	0.07%	0.57%	0.07%
	MMC	B	0.22%	0.16%	0.16%
	MMM	D	0.14%	0.76%	0.14%
	MO	A	0.19%	0.41%	0.19%
	MPC	D	0.1%	0.1%	0.1%
	MPWR	F	0.06%	0.06%	0.06%
	MRK	F	0.49%	0.24%	0.24%
	MRNA	F	0.03%	0.02%	0.02%
	MRO	B	0.03%	0.03%	0.03%
	MS	A	0.33%	0.55%	0.33%
	MSCI	C	0.09%	0.16%	0.09%
	MSFT	F	6.31%	4.24%	4.24%
	MTB	A	0.07%	0.09%	0.07%
	MTCH	D	0.02%	0.02%	0.02%
	MTD	D	0.05%	0.03%	0.03%
	MU	D	0.22%	0.23%	0.22%
	NDAQ	A	0.06%	0.14%	0.06%
	NDSN	B	0.03%	0.03%	0.03%
	NEE	D	0.31%	0.97%	0.31%
	NEM	D	0.09%	0.11%	0.09%
	NOC	D	0.14%	0.03%	0.03%
	NOW	A	0.42%	0.3%	0.3%
	NRG	B	0.04%	0.12%	0.04%
	NSC	B	0.12%	0.22%	0.12%
	NTAP	C	0.05%	0.04%	0.04%
	NTRS	A	0.04%	0.1%	0.04%
	NUE	C	0.07%	0.01%	0.01%
	NVDA	C	7.18%	7.62%	7.18%
	NVR	D	0.06%	0.21%	0.06%
	NXPI	D	0.11%	0.12%	0.11%
	ODFL	B	0.08%	0.16%	0.08%
	OKE	A	0.13%	0.12%	0.12%
	ON	D	0.06%	0.06%	0.06%
	ORCL	B	0.59%	0.45%	0.45%
	ORLY	B	0.14%	0.21%	0.14%
	OTIS	C	0.08%	0.08%	0.08%
	OXY	D	0.07%	0.06%	0.06%
	PANW	C	0.25%	0.18%	0.18%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	C	0.09%	0.11%	0.09%
	PCAR	B	0.12%	0.11%	0.11%
	PCG	A	0.09%	0.26%	0.09%
	PFE	D	0.29%	0.14%	0.14%
	PFG	D	0.04%	0.04%	0.04%
	PGR	A	0.3%	0.23%	0.23%
	PH	A	0.18%	0.17%	0.17%
	PHM	D	0.05%	0.18%	0.05%
	PKG	A	0.04%	0.1%	0.04%
	PLTR	B	0.24%	0.18%	0.18%
	PM	B	0.4%	0.87%	0.4%
	PNC	B	0.16%	0.21%	0.16%
	PNR	A	0.04%	0.04%	0.04%
	PPL	B	0.05%	0.05%	0.05%
	PRU	A	0.09%	0.07%	0.07%
	PSA	D	0.1%	0.07%	0.07%
	PSX	C	0.11%	0.1%	0.1%
	PTC	A	0.05%	0.04%	0.04%
	PWR	A	0.09%	0.37%	0.09%
	PYPL	B	0.17%	0.01%	0.01%
	QCOM	F	0.36%	0.39%	0.36%
	QRVO	F	0.01%	0.01%	0.01%
	REGN	F	0.16%	0.11%	0.11%
	RF	A	0.05%	0.07%	0.05%
	RJF	A	0.06%	0.13%	0.06%
	ROK	B	0.06%	0.1%	0.06%
	ROL	B	0.03%	0.06%	0.03%
	ROP	B	0.12%	0.09%	0.09%
	ROST	C	0.09%	0.14%	0.09%
	RSG	A	0.08%	0.2%	0.08%
	RTX	C	0.31%	0.06%	0.06%
	RVTY	F	0.03%	0.02%	0.02%
	SBAC	D	0.05%	0.03%	0.03%
	SCHW	B	0.24%	0.41%	0.24%
	SHW	A	0.18%	0.01%	0.01%
	SLB	C	0.12%	0.09%	0.09%
	SMCI	F	0.02%	0.03%	0.02%
	SNA	A	0.04%	0.04%	0.04%
	SNPS	B	0.17%	0.12%	0.12%
	SO	D	0.19%	0.6%	0.19%
	SPGI	C	0.32%	0.55%	0.32%
	STLD	B	0.04%	0.01%	0.01%
	STT	A	0.06%	0.05%	0.05%
	STX	D	0.04%	0.03%	0.03%
	SW	A	0.05%	0.13%	0.05%
	SWK	D	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.05%	0.18%	0.05%
	SYY	B	0.07%	0.04%	0.04%
	TDG	D	0.14%	0.03%	0.03%
	TDY	B	0.05%	0.04%	0.04%
	TECH	D	0.02%	0.01%	0.01%
	TER	D	0.03%	0.03%	0.03%
	TFC	A	0.12%	0.17%	0.12%
	TGT	F	0.14%	0.08%	0.08%
	TJX	A	0.27%	0.39%	0.27%
	TMO	F	0.41%	0.24%	0.24%
	TMUS	B	0.23%	4.56%	0.23%
	TRGP	B	0.08%	0.08%	0.08%
	TRMB	B	0.04%	0.04%	0.04%
	TROW	B	0.05%	0.05%	0.05%
	TRV	B	0.12%	0.09%	0.09%
	TSCO	D	0.06%	0.09%	0.06%
	TSLA	B	1.72%	1.32%	1.32%
	TT	A	0.18%	0.65%	0.18%
	TXN	C	0.37%	0.39%	0.37%
	TXT	D	0.03%	0.01%	0.01%
	TYL	B	0.05%	0.04%	0.04%
	UBER	D	0.3%	0.49%	0.3%
	ULTA	F	0.04%	0.05%	0.04%
	UNH	C	1.09%	0.01%	0.01%
	UNP	C	0.29%	0.54%	0.29%
	UPS	C	0.19%	0.04%	0.04%
	URI	B	0.11%	0.47%	0.11%
	USB	A	0.16%	0.2%	0.16%
	V	A	1.02%	0.04%	0.04%
	VICI	C	0.06%	0.05%	0.05%
	VLO	C	0.09%	0.08%	0.08%
	VLTO	D	0.05%	0.11%	0.05%
	VMC	B	0.07%	0.59%	0.07%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.01%	0.01%
	VRTX	F	0.25%	0.15%	0.15%
	VST	B	0.09%	0.19%	0.09%
	VTR	C	0.05%	0.06%	0.05%
	VTRS	A	0.03%	0.01%	0.01%
	WAB	B	0.07%	0.07%	0.07%
	WAT	B	0.04%	0.03%	0.03%
	WBA	F	0.01%	0.0%	0.0%
	WDC	D	0.04%	0.04%	0.04%
	WELL	A	0.15%	0.18%	0.15%
	WFC	A	0.49%	0.64%	0.49%
	WM	A	0.16%	0.37%	0.16%
	WMB	A	0.14%	0.13%	0.13%
	WMT	A	0.73%	0.45%	0.45%
	WRB	A	0.04%	0.03%	0.03%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.06%	0.05%	0.05%
	WY	D	0.05%	0.03%	0.03%
	XEL	A	0.08%	0.24%	0.08%
	XOM	B	1.06%	0.95%	0.95%
	XYL	D	0.06%	0.06%	0.06%
	ZBRA	B	0.04%	0.04%	0.04%
	ZTS	D	0.16%	0.08%	0.08%

PTLC Overweight 150 Positions Relative to INRO

	Symbol	Grade	Weight
	PG	A	0.78%
	NFLX	A	0.71%
	KO	D	0.48%
	CSCO	B	0.46%
	PEP	F	0.45%
	MCD	D	0.42%
	ABT	B	0.4%
	DIS	B	0.39%
	ISRG	A	0.38%
	VZ	C	0.34%
	BKNG	A	0.33%
	CMCSA	B	0.33%
	T	A	0.32%
	BLK	C	0.29%
	BSX	B	0.26%
	SYK	C	0.26%
	MDT	D	0.22%
	SBUX	A	0.22%
	PLD	D	0.21%
	ANET	C	0.2%
	ELV	F	0.19%
	CI	F	0.18%
	NKE	D	0.18%
	MDLZ	F	0.17%
	MCK	B	0.16%
	CMG	B	0.16%
	MSI	B	0.16%
	CL	D	0.15%
	CVS	D	0.14%
	HCA	F	0.13%
	BDX	F	0.13%
	MAR	B	0.13%
	ABNB	C	0.12%
	HLT	A	0.12%
	SPG	B	0.11%
	RCL	A	0.11%
	SRE	A	0.11%
	O	D	0.1%
	PEG	A	0.09%
	KMB	D	0.09%
	KVUE	A	0.09%
	D	C	0.09%
	LULU	C	0.08%
	GEHC	F	0.08%
	CHTR	C	0.08%
	YUM	B	0.08%
	EA	A	0.08%
	MNST	C	0.08%
	EW	C	0.08%
	COR	B	0.08%
	ED	D	0.07%
	HUM	C	0.07%
	RMD	C	0.07%
	IDXX	F	0.07%
	KDP	D	0.07%
	GIS	D	0.07%
	STZ	D	0.07%
	KHC	F	0.06%
	PPG	F	0.06%
	TTWO	A	0.06%
	CAH	B	0.06%
	GPN	B	0.06%
	DXCM	D	0.06%
	UAL	A	0.06%
	WEC	A	0.06%
	CNC	D	0.06%
	EXPE	B	0.05%
	IFF	D	0.05%
	AEE	A	0.05%
	CCL	B	0.05%
	DTE	C	0.05%
	ADM	D	0.05%
	CPAY	A	0.05%
	AWK	D	0.05%
	HSY	F	0.05%
	CHD	B	0.05%
	DECK	A	0.05%
	DGX	A	0.04%
	MOH	F	0.04%
	HOLX	D	0.04%
	TSN	B	0.04%
	PODD	C	0.04%
	MKC	D	0.04%
	CNP	B	0.04%
	CMS	C	0.04%
	DRI	B	0.04%
	LH	C	0.04%
	LYV	A	0.04%
	CLX	B	0.04%
	OMC	C	0.04%
	K	A	0.04%
	STE	F	0.04%
	WBD	C	0.04%
	ZBH	C	0.04%
	JKHY	D	0.03%
	CAG	D	0.03%
	AKAM	D	0.03%
	TPR	B	0.03%
	UDR	B	0.03%
	POOL	C	0.03%
	APTV	D	0.03%
	FFIV	B	0.03%
	EL	F	0.03%
	CF	B	0.03%
	DPZ	C	0.03%
	ALGN	D	0.03%
	NI	A	0.03%
	BAX	D	0.03%
	KIM	A	0.03%
	LVS	C	0.03%
	GPC	D	0.03%
	MHK	D	0.02%
	IVZ	B	0.02%
	CE	F	0.02%
	BWA	D	0.02%
	HAS	D	0.02%
	FRT	B	0.02%
	RL	B	0.02%
	CZR	F	0.02%
	MGM	D	0.02%
	HSIC	B	0.02%
	MOS	F	0.02%
	CPB	D	0.02%
	HRL	D	0.02%
	WYNN	D	0.02%
	TFX	F	0.02%
	SOLV	C	0.02%
	GL	B	0.02%
	PNW	B	0.02%
	LKQ	D	0.02%
	FOXA	B	0.02%
	TAP	C	0.02%
	NWSA	B	0.02%
	IPG	D	0.02%
	NCLH	B	0.02%
	GNRC	B	0.02%
	LW	C	0.02%
	UHS	D	0.02%
	ALB	C	0.02%
	SJM	D	0.02%
	EMN	D	0.02%
	REG	B	0.02%
	JNPR	F	0.02%
	BG	F	0.02%
	HST	C	0.02%
	NWS	B	0.01%
	FOX	A	0.01%
	PARA	C	0.01%
	FMC	D	0.01%
	DVA	B	0.01%

PTLC Underweight 79 Positions Relative to INRO

	Symbol	Grade	Weight
	Z	A	-0.25%
	WCN	A	-0.21%
	COIN	C	-0.2%
	EME	C	-0.19%
	WSO	A	-0.16%
	VRT	B	-0.16%
	MRVL	B	-0.16%
	LII	A	-0.14%
	CSL	C	-0.14%
	OC	A	-0.12%
	ARES	A	-0.12%
	ACM	A	-0.11%
	APP	B	-0.1%
	MSTR	C	-0.1%
	LNG	B	-0.09%
	LPLA	A	-0.08%
	WDAY	B	-0.08%
	MELI	D	-0.07%
	DDOG	A	-0.06%
	HOOD	B	-0.06%
	TEAM	A	-0.06%
	FBIN	D	-0.06%
	TW	A	-0.06%
	HUBS	A	-0.05%
	CG	A	-0.05%
	CCK	C	-0.05%
	BURL	A	-0.05%
	TPL	A	-0.05%
	WSM	B	-0.05%
	FCNCA	A	-0.05%
	PINS	D	-0.05%
	ALNY	D	-0.04%
	MKL	A	-0.04%
	BAH	F	-0.04%
	TRU	D	-0.04%
	MANH	D	-0.03%
	DT	C	-0.03%
	PSTG	D	-0.03%
	ZS	C	-0.03%
	ILMN	D	-0.03%
	GGG	B	-0.03%
	ENTG	D	-0.03%
	SNAP	C	-0.03%
	ZM	B	-0.03%
	SSNC	B	-0.03%
	DKS	C	-0.03%
	KNX	B	-0.03%
	BMRN	D	-0.02%
	NBIX	C	-0.02%
	TTC	D	-0.02%
	DINO	D	-0.02%
	SEIC	B	-0.02%
	AVTR	F	-0.02%
	ALLY	C	-0.02%
	AFG	A	-0.02%
	UHAL	D	-0.02%
	IOT	A	-0.02%
	UTHR	C	-0.02%
	CNH	C	-0.02%
	OVV	B	-0.02%
	DOCU	A	-0.02%
	GLPI	C	-0.02%
	SUI	D	-0.01%
	ACI	C	-0.01%
	MDB	C	-0.01%
	RS	B	-0.01%
	HEI	B	-0.01%
	RPRX	D	-0.01%
	TWLO	A	-0.01%
	BIO	D	-0.01%
	NET	B	-0.01%
	APO	B	-0.01%
	RIVN	F	-0.01%
	EXAS	D	-0.01%
	SNOW	C	-0.01%
	CHRD	D	-0.01%
	BSY	D	-0.01%
	FNF	B	-0.0%
	HEI	B	-0.0%

PTLC: 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 Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

INRO: Top Represented Industries & Keywords

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

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