USPX vs. INRO ETF Comparison

Comparison of Franklin U.S. Equity Index ETF (USPX) to BlackRock U.S. Industry Rotation ETF (INRO)

USPX

Franklin U.S. Equity Index ETF

USPX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Equity Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment style factors.

Grade (RS Rating)

Last Trade

$52.38

Average Daily Volume

42,046

Number of Holdings ^*

543

* 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	USPX	INRO
30 Days	3.77%	5.09%
60 Days	5.00%	6.25%
90 Days	6.73%	7.10%
12 Months	33.32%

392 Overlapping Holdings

	Symbol	Grade	Weight in USPX	Weight in INRO	Overlap
	A	D	0.07%	0.05%	0.05%
	AAPL	C	6.32%	5.76%	5.76%
	ABBV	D	0.57%	0.39%	0.39%
	ACGL	D	0.08%	0.05%	0.05%
	ACI	C	0.02%	0.01%	0.01%
	ACN	C	0.44%	0.07%	0.07%
	ADBE	C	0.43%	0.32%	0.32%
	ADI	D	0.2%	0.22%	0.2%
	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%
	AFG	A	0.02%	0.02%	0.02%
	AFL	B	0.11%	0.09%	0.09%
	AIG	B	0.1%	0.09%	0.09%
	AJG	B	0.13%	0.1%	0.1%
	ALL	A	0.1%	0.08%	0.08%
	ALLE	D	0.02%	0.08%	0.02%
	ALNY	D	0.06%	0.04%	0.04%
	AMAT	F	0.28%	0.3%	0.28%
	AMCR	D	0.03%	0.07%	0.03%
	AMD	F	0.43%	0.47%	0.43%
	AME	A	0.09%	0.15%	0.09%
	AMGN	D	0.3%	0.2%	0.2%
	AMP	A	0.11%	0.19%	0.11%
	AMT	D	0.18%	0.11%	0.11%
	AMZN	C	3.77%	1.47%	1.47%
	ANSS	B	0.05%	0.05%	0.05%
	AON	A	0.16%	0.11%	0.11%
	APA	D	0.02%	0.01%	0.01%
	APD	A	0.14%	0.01%	0.01%
	APH	A	0.16%	0.19%	0.16%
	APO	B	0.13%	0.01%	0.01%
	ARE	D	0.03%	0.04%	0.03%
	ARES	A	0.06%	0.12%	0.06%
	ATO	A	0.05%	0.05%	0.05%
	AVB	B	0.06%	0.01%	0.01%
	AVGO	D	1.48%	1.54%	1.48%
	AVTR	F	0.03%	0.02%	0.02%
	AVY	D	0.03%	0.07%	0.03%
	AXON	A	0.09%	0.02%	0.02%
	AXP	A	0.31%	1.14%	0.31%
	AZO	C	0.1%	0.15%	0.1%
	BA	F	0.2%	0.04%	0.04%
	BAC	A	0.62%	0.81%	0.62%
	BAH	F	0.03%	0.04%	0.03%
	BALL	D	0.04%	0.08%	0.04%
	BBY	D	0.03%	0.05%	0.03%
	BEN	C	0.01%	0.03%	0.01%
	BIIB	F	0.04%	0.03%	0.03%
	BK	A	0.12%	0.11%	0.11%
	BKR	B	0.09%	0.07%	0.07%
	BLDR	D	0.04%	0.15%	0.04%
	BMRN	D	0.02%	0.02%	0.02%
	BMY	B	0.23%	0.11%	0.11%
	BR	A	0.05%	0.08%	0.05%
	BRK.A	B	1.67%	0.06%	0.06%
	BRO	B	0.05%	0.04%	0.04%
	BSY	D	0.01%	0.01%	0.01%
	BURL	A	0.03%	0.05%	0.03%
	BX	A	0.25%	0.45%	0.25%
	BXP	D	0.02%	1.35%	0.02%
	C	A	0.25%	0.34%	0.25%
	CARR	D	0.12%	0.42%	0.12%
	CAT	B	0.37%	0.35%	0.35%
	CB	C	0.21%	0.17%	0.17%
	CBRE	B	0.08%	0.87%	0.08%
	CCI	D	0.09%	0.06%	0.06%
	CCK	C	0.02%	0.05%	0.02%
	CDNS	B	0.16%	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%
	CG	A	0.02%	0.05%	0.02%
	CINF	A	0.05%	0.04%	0.04%
	CME	A	0.16%	0.3%	0.16%
	CMI	A	0.1%	0.1%	0.1%
	CNH	C	0.02%	0.02%	0.02%
	COF	B	0.14%	0.48%	0.14%
	COIN	C	0.12%	0.2%	0.12%
	COP	C	0.26%	0.24%	0.24%
	COST	B	0.79%	0.47%	0.47%
	CPRT	A	0.1%	0.21%	0.1%
	CPT	B	0.02%	0.01%	0.01%
	CRL	C	0.02%	0.01%	0.01%
	CRM	B	0.59%	0.45%	0.45%
	CRWD	B	0.16%	0.12%	0.12%
	CSGP	D	0.06%	0.63%	0.06%
	CSX	B	0.13%	0.25%	0.13%
	CTAS	B	0.15%	0.34%	0.15%
	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	0.53%	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%
	DDOG	A	0.07%	0.06%	0.06%
	DE	A	0.2%	0.2%	0.2%
	DELL	C	0.07%	0.07%	0.07%
	DFS	B	0.09%	0.29%	0.09%
	DG	F	0.03%	0.02%	0.02%
	DHI	D	0.09%	0.33%	0.09%
	DHR	F	0.29%	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%
	DOCU	A	0.03%	0.02%	0.02%
	DOV	A	0.05%	0.05%	0.05%
	DOW	F	0.06%	0.01%	0.01%
	DT	C	0.03%	0.03%	0.03%
	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	0.14%	0.24%	0.14%
	ENPH	F	0.02%	0.02%	0.02%
	ENTG	D	0.03%	0.03%	0.03%
	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%
	ES	D	0.04%	0.14%	0.04%
	ESS	B	0.04%	0.01%	0.01%
	ETN	A	0.28%	0.48%	0.28%
	ETR	B	0.06%	0.2%	0.06%
	EVRG	A	0.03%	0.11%	0.03%
	EXAS	D	0.02%	0.01%	0.01%
	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	0.08%	0.06%	0.06%
	FANG	D	0.06%	0.06%	0.06%
	FAST	B	0.09%	0.4%	0.09%
	FCNCA	A	0.06%	0.05%	0.05%
	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%
	FNF	B	0.03%	0.0%	0.0%
	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	0.13%	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	0.22%	0.14%	0.14%
	GLW	B	0.07%	0.09%	0.07%
	GM	B	0.12%	0.09%	0.09%
	GOOG	C	1.77%	2.72%	1.77%
	GOOGL	C	1.98%	3.13%	1.98%
	GRMN	B	0.06%	0.22%	0.06%
	GS	A	0.38%	0.64%	0.38%
	GWW	B	0.09%	0.44%	0.09%
	HAL	C	0.05%	0.04%	0.04%
	HBAN	A	0.05%	0.07%	0.05%
	HD	A	0.79%	1.17%	0.79%
	HEI	B	0.03%	0.01%	0.01%
	HEI	B	0.03%	0.0%	0.0%
	HEI	B	0.02%	0.01%	0.01%
	HEI	B	0.02%	0.0%	0.0%
	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	0.29%	1.6%	0.29%
	HPE	B	0.05%	0.05%	0.05%
	HPQ	B	0.07%	0.06%	0.06%
	HUBB	B	0.05%	0.08%	0.05%
	HUBS	A	0.06%	0.05%	0.05%
	HWM	A	0.09%	0.02%	0.02%
	IBM	C	0.37%	0.06%	0.06%
	ICE	C	0.18%	0.33%	0.18%
	IEX	B	0.04%	0.03%	0.03%
	ILMN	D	0.04%	0.03%	0.03%
	INCY	C	0.03%	0.02%	0.02%
	INTC	D	0.2%	0.22%	0.2%
	INTU	C	0.37%	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	0.16%	0.15%	0.15%
	J	F	0.03%	0.04%	0.03%
	JBHT	C	0.03%	0.06%	0.03%
	JCI	C	0.11%	0.39%	0.11%
	JNJ	D	0.73%	0.37%	0.37%
	JPM	A	1.36%	1.74%	1.36%
	KEY	B	0.04%	0.05%	0.04%
	KEYS	A	0.05%	0.06%	0.05%
	KKR	A	0.19%	0.31%	0.19%
	KLAC	D	0.17%	0.17%	0.17%
	KMI	A	0.11%	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	0.04%	0.05%	0.04%
	LEN	D	0.08%	0.28%	0.08%
	LHX	C	0.1%	0.02%	0.02%
	LII	A	0.05%	0.14%	0.05%
	LIN	D	0.42%	0.03%	0.03%
	LLY	F	1.24%	0.57%	0.57%
	LMT	D	0.23%	0.05%	0.05%
	LNG	B	0.09%	0.09%	0.09%
	LNT	A	0.03%	0.11%	0.03%
	LOW	D	0.3%	0.43%	0.3%
	LPLA	A	0.05%	0.08%	0.05%
	LRCX	F	0.18%	0.19%	0.18%
	LUV	C	0.04%	0.02%	0.02%
	LYB	F	0.04%	0.0%	0.0%
	MA	C	0.83%	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%
	MDB	C	0.04%	0.01%	0.01%
	MELI	D	0.18%	0.07%	0.07%
	MET	A	0.1%	0.08%	0.08%
	META	D	2.37%	3.68%	2.37%
	MKL	A	0.05%	0.04%	0.04%
	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	0.05%	0.06%	0.05%
	MRK	F	0.48%	0.24%	0.24%
	MRNA	F	0.02%	0.02%	0.02%
	MRO	B	0.03%	0.03%	0.03%
	MRVL	B	0.15%	0.16%	0.15%
	MS	A	0.33%	0.55%	0.33%
	MSCI	C	0.09%	0.16%	0.09%
	MSFT	F	6.06%	4.24%	4.24%
	MTB	A	0.07%	0.09%	0.07%
	MTD	D	0.05%	0.03%	0.03%
	MU	D	0.21%	0.23%	0.21%
	NBIX	C	0.02%	0.02%	0.02%
	NDAQ	A	0.06%	0.14%	0.06%
	NEE	D	0.31%	0.97%	0.31%
	NEM	D	0.09%	0.11%	0.09%
	NET	B	0.05%	0.01%	0.01%
	NOC	D	0.13%	0.03%	0.03%
	NOW	A	0.39%	0.3%	0.3%
	NRG	B	0.04%	0.12%	0.04%
	NSC	B	0.11%	0.22%	0.11%
	NTAP	C	0.05%	0.04%	0.04%
	NTRS	A	0.05%	0.1%	0.05%
	NUE	C	0.07%	0.01%	0.01%
	NVDA	C	6.61%	7.62%	6.61%
	NVR	D	0.05%	0.21%	0.05%
	NXPI	D	0.11%	0.12%	0.11%
	OC	A	0.03%	0.12%	0.03%
	ODFL	B	0.08%	0.16%	0.08%
	OKE	A	0.12%	0.12%	0.12%
	ON	D	0.06%	0.06%	0.06%
	ORCL	B	0.58%	0.45%	0.45%
	ORLY	B	0.14%	0.21%	0.14%
	OTIS	C	0.08%	0.08%	0.08%
	OXY	D	0.06%	0.06%	0.06%
	PANW	C	0.24%	0.18%	0.18%
	PAYC	B	0.02%	0.03%	0.02%
	PAYX	C	0.09%	0.11%	0.09%
	PCAR	B	0.11%	0.11%	0.11%
	PCG	A	0.09%	0.26%	0.09%
	PFE	D	0.28%	0.14%	0.14%
	PFG	D	0.04%	0.04%	0.04%
	PGR	A	0.29%	0.23%	0.23%
	PH	A	0.17%	0.17%	0.17%
	PHM	D	0.06%	0.18%	0.06%
	PINS	D	0.03%	0.05%	0.03%
	PKG	A	0.04%	0.1%	0.04%
	PLTR	B	0.26%	0.18%	0.18%
	PM	B	0.39%	0.87%	0.39%
	PNC	B	0.16%	0.21%	0.16%
	PNR	A	0.03%	0.04%	0.03%
	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	0.04%	0.04%	0.04%
	PWR	A	0.09%	0.37%	0.09%
	PYPL	B	0.18%	0.01%	0.01%
	QCOM	F	0.35%	0.39%	0.35%
	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	0.07%	0.1%	0.07%
	ROL	B	0.03%	0.06%	0.03%
	ROP	B	0.11%	0.09%	0.09%
	ROST	C	0.09%	0.14%	0.09%
	RPRX	D	0.02%	0.01%	0.01%
	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	0.04%	0.03%	0.03%
	SCHW	B	0.23%	0.41%	0.23%
	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%
	SNAP	C	0.02%	0.03%	0.02%
	SNOW	C	0.08%	0.01%	0.01%
	SNPS	B	0.16%	0.12%	0.12%
	SO	D	0.19%	0.6%	0.19%
	SPGI	C	0.31%	0.55%	0.31%
	SSNC	B	0.03%	0.03%	0.03%
	STLD	B	0.04%	0.01%	0.01%
	STT	A	0.06%	0.05%	0.05%
	STX	D	0.04%	0.03%	0.03%
	SUI	D	0.03%	0.01%	0.01%
	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	0.04%	0.04%	0.04%
	TEAM	A	0.07%	0.06%	0.06%
	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	0.38%	0.24%	0.24%
	TMUS	B	0.23%	4.56%	0.23%
	TPL	A	0.05%	0.05%	0.05%
	TRGP	B	0.08%	0.08%	0.08%
	TRMB	B	0.03%	0.04%	0.03%
	TROW	B	0.05%	0.05%	0.05%
	TRU	D	0.03%	0.04%	0.03%
	TRV	B	0.11%	0.09%	0.09%
	TSCO	D	0.05%	0.09%	0.05%
	TSLA	B	1.75%	1.32%	1.32%
	TT	A	0.17%	0.65%	0.17%
	TWLO	A	0.03%	0.01%	0.01%
	TXN	C	0.36%	0.39%	0.36%
	TXT	D	0.03%	0.01%	0.01%
	TYL	B	0.05%	0.04%	0.04%
	UBER	D	0.29%	0.49%	0.29%
	ULTA	F	0.03%	0.05%	0.03%
	UNH	C	1.07%	0.01%	0.01%
	UNP	C	0.28%	0.54%	0.28%
	UPS	C	0.19%	0.04%	0.04%
	URI	B	0.11%	0.47%	0.11%
	USB	A	0.15%	0.2%	0.15%
	V	A	1.01%	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	0.08%	0.59%	0.08%
	VRSK	A	0.08%	0.09%	0.08%
	VRSN	F	0.03%	0.01%	0.01%
	VRT	B	0.08%	0.16%	0.08%
	VRTX	F	0.24%	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%
	WDAY	B	0.11%	0.08%	0.08%
	WDC	D	0.04%	0.04%	0.04%
	WELL	A	0.16%	0.18%	0.16%
	WFC	A	0.5%	0.64%	0.5%
	WM	A	0.15%	0.37%	0.15%
	WMB	A	0.13%	0.13%	0.13%
	WMT	A	0.72%	0.45%	0.45%
	WRB	A	0.04%	0.03%	0.03%
	WSO	A	0.04%	0.16%	0.04%
	WST	C	0.05%	0.03%	0.03%
	WTW	B	0.06%	0.05%	0.05%
	WY	D	0.04%	0.03%	0.03%
	XEL	A	0.08%	0.24%	0.08%
	XOM	B	1.04%	0.95%	0.95%
	XYL	D	0.06%	0.06%	0.06%
	Z	A	0.02%	0.25%	0.02%
	ZBRA	B	0.05%	0.04%	0.04%
	ZM	B	0.04%	0.03%	0.03%
	ZS	C	0.04%	0.03%	0.03%
	ZTS	D	0.16%	0.08%	0.08%

USPX Overweight 153 Positions Relative to INRO

	Symbol	Grade	Weight
	PG	A	0.79%
	NFLX	A	0.71%
	KO	D	0.47%
	CSCO	B	0.45%
	PEP	F	0.43%
	MCD	D	0.41%
	DIS	B	0.41%
	ABT	B	0.39%
	ISRG	A	0.37%
	VZ	C	0.35%
	BKNG	A	0.33%
	CMCSA	B	0.33%
	T	A	0.32%
	BLK	C	0.31%
	SYK	C	0.27%
	BSX	B	0.25%
	SBUX	A	0.22%
	MDT	D	0.22%
	PLD	D	0.21%
	ANET	C	0.19%
	CI	F	0.18%
	NKE	D	0.18%
	ELV	F	0.18%
	MCK	B	0.17%
	MDLZ	F	0.17%
	CMG	B	0.16%
	MSI	B	0.15%
	CL	D	0.15%
	MAR	B	0.13%
	CVS	D	0.13%
	BDX	F	0.13%
	HLT	A	0.12%
	HCA	F	0.12%
	SPG	B	0.11%
	DASH	A	0.11%
	TTD	B	0.11%
	RCL	A	0.11%
	ABNB	C	0.11%
	SRE	A	0.11%
	O	D	0.1%
	PEG	A	0.09%
	KMB	D	0.09%
	SQ	B	0.09%
	D	C	0.09%
	EA	A	0.08%
	CHTR	C	0.08%
	EW	C	0.08%
	KVUE	A	0.08%
	COR	B	0.08%
	IDXX	F	0.07%
	KDP	D	0.07%
	MNST	C	0.07%
	GIS	D	0.07%
	YUM	B	0.07%
	STZ	D	0.07%
	LULU	C	0.07%
	TTWO	A	0.06%
	CAH	B	0.06%
	CPNG	D	0.06%
	PPG	F	0.06%
	VEEV	C	0.06%
	GPN	B	0.06%
	DXCM	D	0.06%
	UAL	A	0.06%
	CNC	D	0.06%
	WEC	A	0.06%
	GEHC	F	0.06%
	ED	D	0.06%
	RMD	C	0.06%
	HUM	C	0.06%
	CCL	B	0.05%
	AEE	A	0.05%
	HSY	F	0.05%
	DTE	C	0.05%
	CHD	B	0.05%
	RBLX	C	0.05%
	ADM	D	0.05%
	AWK	D	0.05%
	DECK	A	0.05%
	KHC	F	0.05%
	TSN	B	0.04%
	LYV	A	0.04%
	LH	C	0.04%
	HOLX	D	0.04%
	MKC	D	0.04%
	DGX	A	0.04%
	OMC	C	0.04%
	CNP	B	0.04%
	DRI	B	0.04%
	CLX	B	0.04%
	LVS	C	0.04%
	CMS	C	0.04%
	PODD	C	0.04%
	WBD	C	0.04%
	K	A	0.04%
	EXPE	B	0.04%
	CPAY	A	0.04%
	STE	F	0.04%
	IFF	D	0.04%
	ZBH	C	0.04%
	REG	B	0.03%
	JKHY	D	0.03%
	RGA	A	0.03%
	AKAM	D	0.03%
	FFIV	B	0.03%
	POOL	C	0.03%
	EWBC	A	0.03%
	UDR	B	0.03%
	EQH	B	0.03%
	EL	F	0.03%
	CF	B	0.03%
	FLEX	A	0.03%
	BAX	D	0.03%
	NI	A	0.03%
	KIM	A	0.03%
	GPC	D	0.03%
	DPZ	C	0.03%
	MOH	F	0.03%
	ALGN	D	0.03%
	SCCO	F	0.02%
	CPB	D	0.02%
	HRL	D	0.02%
	MGM	D	0.02%
	MOS	F	0.02%
	WYNN	D	0.02%
	IPG	D	0.02%
	LW	C	0.02%
	SJM	D	0.02%
	LKQ	D	0.02%
	NWSA	B	0.02%
	FOXA	B	0.02%
	TAP	C	0.02%
	HST	C	0.02%
	JNPR	F	0.02%
	OKTA	C	0.02%
	UHS	D	0.02%
	EMN	D	0.02%
	WPC	D	0.02%
	CAG	D	0.02%
	ALB	C	0.02%
	BG	F	0.02%
	APTV	D	0.02%
	ELS	C	0.02%
	AGR	B	0.01%
	NWS	B	0.01%
	ZG	A	0.01%
	WLK	D	0.01%
	U	C	0.01%
	FOX	A	0.01%
	SIRI	C	0.01%
	CRBG	B	0.01%
	CE	F	0.01%
	TFX	F	0.01%

USPX Underweight 39 Positions Relative to INRO

	Symbol	Grade	Weight
	WCN	A	-0.21%
	EME	C	-0.19%
	CSL	C	-0.14%
	ACM	A	-0.11%
	APP	B	-0.1%
	MSTR	C	-0.1%
	HOOD	B	-0.06%
	AOS	F	-0.06%
	FBIN	D	-0.06%
	TW	A	-0.06%
	WSM	B	-0.05%
	MKTX	D	-0.04%
	CBOE	B	-0.04%
	MANH	D	-0.03%
	PSTG	D	-0.03%
	NDSN	B	-0.03%
	GGG	B	-0.03%
	JBL	B	-0.03%
	DKS	C	-0.03%
	KNX	B	-0.03%
	TTC	D	-0.02%
	DINO	D	-0.02%
	SEIC	B	-0.02%
	ERIE	D	-0.02%
	AIZ	A	-0.02%
	ALLY	C	-0.02%
	UHAL	D	-0.02%
	IOT	A	-0.02%
	UTHR	C	-0.02%
	BBWI	D	-0.02%
	MTCH	D	-0.02%
	OVV	B	-0.02%
	GLPI	C	-0.02%
	RS	B	-0.01%
	BIO	D	-0.01%
	CTLT	B	-0.01%
	RIVN	F	-0.01%
	CHRD	D	-0.01%
	CHRW	C	-0.0%

USPX: Top Represented Industries & Keywords

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

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

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