---
ticker: "PBWN"
name: "Tidal Trust IV - Portfolio Building Block World Ex US Industrials ETF"
url: "https://etf.net/etf/PBWN"
grade: null
no_grade_reason: "Mandate not yet analyzed"
methodology: "https://etf.net/methodology"
---

# PBWN: Tidal Trust IV - Portfolio Building Block World Ex US Industrials ETF

Not graded: Mandate not yet analyzed. We have not yet analyzed this fund's documents to determine what it sets out to do. This is typical for new listings awaiting their first analysis pass.

## Top holdings

The fund holds 104 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SIE.DE | Siemens Ag-Reg | 5.92% |
| 2 | SU.PA | Schneider Electric SE | 4.65% |
| 3 | — | Rolls-Royce Holdings PLC | 4.10% |
| 4 | 6501.T | Hitachi Ltd | 3.82% |
| 5 | ABBN.SW | Abb Ltd-Reg | 3.82% |
| 6 | 6098.T | Recruit Holdings Co Ltd | 3.41% |
| 7 | AIR.PA | Airbus SE | 3.25% |
| 8 | SAFRY | Safran SA | 3.21% |
| 9 | — | Siemens Energy AG | 2.49% |
| 10 | 8058.T | Mitsubishi Corp | 2.33% |
| 11 | 8001.T | Itochu Corp | 2.08% |
| 12 | 8031.T | Mitsui & Co Ltd | 2.02% |
| 13 | BA.L | Bae Systems PLC | 1.95% |
| 14 | CP.TO | Canadian Pacific Kansas City | 1.93% |
| 15 | 7011.T | Mitsubishi Heavy Industries | 1.86% |
| 16 | — | Canadian Natl Railway Co | 1.80% |
| 17 | VCISY | Vinci SA | 1.51% |
| 18 | — | Dhl AG | 1.48% |
| 19 | 6503.T | Mitsubishi Electric Corp | 1.48% |
| 20 | RELX | Relx PLC | 1.45% |
| 21 | — | Atlas Copco Ab-A Shs | 1.36% |
| 22 | RHM.DE | Rheinmetall AG | 1.33% |
| 23 | VLVLY | Volvo Ab-B Shs | 1.21% |
| 24 | 8053.T | Sumitomo Corp | 1.19% |
| 25 | 8002.T | Marubeni Corp | 1.12% |
| 26 | ANYYY | Aena Sme SA | 1.12% |
| 27 | 5803.T | Fujikura Ltd | 1.08% |
| 28 | PRYMY | Prysmian Spa | 1.07% |
| 29 | LGRDY | Legrand SA | 1.06% |
| 30 | WCN.TO | Waste Connections Inc | 1.01% |

Source: etf.net, https://etf.net/etf/PBWN. Please cite the page URL.