BND vs. PHDG ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$72.97

Average Daily Volume

6,071,435

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.53

Average Daily Volume

12,575

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	BND	PHDG
30 Days	0.45%	-0.52%
60 Days	-1.80%	1.61%
90 Days	-0.99%	2.51%
12 Months	7.60%	19.62%

357 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in PHDG	Overlap
A	D	0.01%	0.04%	0.01%
AAPL	B	0.01%	3.74%	0.01%
ABBV	D	0.01%	0.32%	0.01%
ABT	B	0.01%	0.22%	0.01%
ACGL	D	0.01%	0.04%	0.01%
ADBE	C	0.01%	0.25%	0.01%
ADI	D	0.01%	0.11%	0.01%
ADM	F	0.01%	0.03%	0.01%
ADP	B	0.01%	0.13%	0.01%
ADSK	B	0.01%	0.07%	0.01%
AEE	A	0.01%	0.03%	0.01%
AEP	D	0.01%	0.05%	0.01%
AES	F	0.01%	0.01%	0.01%
AFL	B	0.01%	0.06%	0.01%
AIG	B	0.01%	0.05%	0.01%
AIZ	B	0.01%	0.01%	0.01%
AJG	A	0.01%	0.07%	0.01%
ALB	C	0.01%	0.01%	0.01%
ALL	B	0.01%	0.06%	0.01%
ALLE	D	0.01%	0.01%	0.01%
AMAT	F	0.01%	0.17%	0.01%
AMCR	D	0.01%	0.02%	0.01%
AMGN	D	0.01%	0.17%	0.01%
AMP	B	0.01%	0.06%	0.01%
AMT	D	0.01%	0.1%	0.01%
AMZN	C	0.01%	2.13%	0.01%
AON	A	0.01%	0.09%	0.01%
APD	A	0.01%	0.08%	0.01%
APH	B	0.01%	0.09%	0.01%
APTV	F	0.01%	0.02%	0.01%
ARE	D	0.01%	0.02%	0.01%
ATO	A	0.01%	0.02%	0.01%
AVB	B	0.01%	0.03%	0.01%
AVGO	D	0.01%	0.86%	0.01%
AVY	D	0.01%	0.02%	0.01%
AWK	D	0.01%	0.03%	0.01%
AXP	A	0.01%	0.17%	0.01%
AZO	C	0.01%	0.06%	0.01%
BA	D	0.01%	0.11%	0.01%
BAC	A	0.01%	0.33%	0.01%
BAX	F	0.01%	0.02%	0.01%
BBY	D	0.01%	0.02%	0.01%
BDX	F	0.01%	0.07%	0.01%
BEN	C	0.01%	0.01%	0.01%
BG	F	0.01%	0.01%	0.01%
BIIB	F	0.01%	0.03%	0.01%
BK	A	0.01%	0.06%	0.01%
BKNG	B	0.01%	0.18%	0.01%
BLK	C	0.01%	0.16%	0.01%
BMY	B	0.01%	0.13%	0.01%
BR	A	0.01%	0.03%	0.01%
BRO	B	0.01%	0.03%	0.01%
BSX	C	0.01%	0.14%	0.01%
BWA	C	0.01%	0.01%	0.01%
BXP	D	0.01%	0.01%	0.01%
C	A	0.01%	0.14%	0.01%
CAG	D	0.01%	0.01%	0.01%
CAH	B	0.01%	0.03%	0.01%
CARR	C	0.01%	0.07%	0.01%
CAT	B	0.01%	0.2%	0.01%
CB	D	0.01%	0.12%	0.01%
CBOE	B	0.01%	0.02%	0.01%
CCI	D	0.01%	0.05%	0.01%
CDNS	B	0.01%	0.09%	0.01%
CE	F	0.01%	0.01%	0.01%
CF	B	0.01%	0.02%	0.01%
CFG	B	0.01%	0.02%	0.01%
CHD	B	0.01%	0.03%	0.01%
CHRW	C	0.01%	0.01%	0.01%
CHTR	C	0.01%	0.04%	0.01%
CI	D	0.01%	0.1%	0.01%
CINF	A	0.01%	0.03%	0.01%
CL	D	0.01%	0.08%	0.01%
CLX	C	0.01%	0.02%	0.01%
CMCSA	C	0.01%	0.18%	0.01%
CME	A	0.01%	0.09%	0.01%
CMI	A	0.01%	0.05%	0.01%
CMS	C	0.01%	0.02%	0.01%
CNP	A	0.01%	0.02%	0.01%
COF	B	0.01%	0.08%	0.01%
COP	D	0.01%	0.14%	0.01%
COST	B	0.01%	0.44%	0.01%
CPB	D	0.01%	0.01%	0.01%
CPT	B	0.01%	0.01%	0.01%
CRM	B	0.01%	0.35%	0.01%
CSCO	A	0.01%	0.25%	0.01%
CSX	B	0.01%	0.07%	0.01%
CTAS	B	0.01%	0.08%	0.01%
CTVA	B	0.01%	0.04%	0.01%
CVS	D	0.01%	0.07%	0.01%
CVX	B	0.01%	0.3%	0.01%
D	C	0.01%	0.05%	0.01%
DAL	B	0.01%	0.04%	0.01%
DD	D	0.01%	0.04%	0.01%
DE	B	0.01%	0.11%	0.01%
DELL	C	0.01%	0.04%	0.01%
DFS	B	0.01%	0.05%	0.01%
DG	F	0.01%	0.02%	0.01%
DGX	B	0.01%	0.02%	0.01%
DHI	D	0.01%	0.05%	0.01%
DHR	D	0.01%	0.17%	0.01%
DIS	B	0.01%	0.21%	0.01%
DLR	A	0.01%	0.06%	0.01%
DLTR	D	0.01%	0.01%	0.01%
DOC	C	0.01%	0.02%	0.01%
DOV	A	0.01%	0.03%	0.01%
DOW	F	0.01%	0.03%	0.01%
DRI	B	0.01%	0.02%	0.01%
DTE	C	0.01%	0.03%	0.01%
DUK	C	0.01%	0.09%	0.01%
DVN	F	0.01%	0.03%	0.01%
EA	C	0.01%	0.04%	0.01%
EBAY	C	0.01%	0.03%	0.01%
ECL	D	0.01%	0.07%	0.01%
ED	D	0.01%	0.04%	0.01%
EFX	D	0.01%	0.03%	0.01%
EG	C	0.01%	0.02%	0.01%
EIX	A	0.01%	0.03%	0.01%
EL	F	0.01%	0.02%	0.01%
EMN	D	0.01%	0.01%	0.01%
EMR	A	0.01%	0.08%	0.01%
EOG	C	0.01%	0.08%	0.01%
EQIX	A	0.01%	0.09%	0.01%
EQR	B	0.01%	0.03%	0.01%
ES	D	0.01%	0.02%	0.01%
ESS	B	0.01%	0.02%	0.01%
ETN	A	0.01%	0.16%	0.01%
ETR	B	0.01%	0.03%	0.01%
EVRG	A	0.01%	0.02%	0.01%
EW	C	0.01%	0.04%	0.01%
EXC	D	0.01%	0.04%	0.01%
EXPE	B	0.01%	0.02%	0.01%
EXR	C	0.01%	0.04%	0.01%
FANG	F	0.01%	0.04%	0.01%
FDX	B	0.01%	0.07%	0.01%
FE	D	0.01%	0.02%	0.01%
FIS	D	0.01%	0.05%	0.01%
FITB	B	0.01%	0.03%	0.01%
FMC	D	0.01%	0.01%	0.01%
FOXA	C	0.01%	0.01%	0.01%
FRT	A	0.01%	0.01%	0.01%
FTNT	C	0.01%	0.06%	0.01%
FTV	B	0.01%	0.03%	0.01%
GD	F	0.01%	0.08%	0.01%
GE	D	0.01%	0.21%	0.01%
GILD	B	0.01%	0.12%	0.01%
GIS	D	0.01%	0.04%	0.01%
GL	C	0.01%	0.01%	0.01%
GLW	B	0.01%	0.04%	0.01%
GM	B	0.01%	0.07%	0.01%
GOOGL	C	0.01%	1.11%	0.01%
GPC	D	0.01%	0.02%	0.01%
GPN	C	0.01%	0.03%	0.01%
GS	B	0.01%	0.2%	0.01%
GWW	A	0.01%	0.06%	0.01%
HAL	C	0.01%	0.03%	0.01%
HAS	D	0.01%	0.01%	0.01%
HBAN	B	0.01%	0.03%	0.01%
HCA	F	0.01%	0.07%	0.01%
HD	A	0.01%	0.43%	0.01%
HES	C	0.01%	0.04%	0.01%
HIG	B	0.01%	0.04%	0.01%
HII	F	0.01%	0.01%	0.01%
HON	B	0.01%	0.16%	0.01%
HPE	B	0.01%	0.03%	0.01%
HPQ	B	0.01%	0.04%	0.01%
HRL	D	0.01%	0.01%	0.01%
HST	C	0.01%	0.01%	0.01%
HSY	F	0.01%	0.03%	0.01%
HUBB	B	0.01%	0.03%	0.01%
HUM	C	0.01%	0.04%	0.01%
IBM	C	0.01%	0.21%	0.01%
ICE	D	0.01%	0.1%	0.01%
IEX	B	0.01%	0.02%	0.01%
IFF	D	0.01%	0.02%	0.01%
INTC	C	0.01%	0.12%	0.01%
INTU	C	0.01%	0.21%	0.01%
INVH	D	0.01%	0.02%	0.01%
IP	B	0.01%	0.02%	0.01%
IPG	C	0.01%	0.01%	0.01%
ITW	A	0.01%	0.08%	0.01%
IVZ	B	0.01%	0.01%	0.01%
JBHT	C	0.01%	0.02%	0.01%
JBL	C	0.01%	0.02%	0.01%
JCI	C	0.01%	0.06%	0.01%
JNJ	D	0.01%	0.39%	0.01%
JNPR	F	0.01%	0.01%	0.01%
JPM	B	0.01%	0.74%	0.01%
K	A	0.01%	0.02%	0.01%
KDP	D	0.01%	0.04%	0.01%
KEY	A	0.01%	0.02%	0.01%
KEYS	B	0.01%	0.03%	0.01%
KIM	A	0.01%	0.02%	0.01%
KLAC	F	0.01%	0.09%	0.01%
KMB	C	0.01%	0.05%	0.01%
KMI	B	0.01%	0.06%	0.01%
KO	D	0.01%	0.26%	0.01%
KR	A	0.01%	0.04%	0.01%
L	B	0.01%	0.02%	0.01%
LDOS	D	0.01%	0.02%	0.01%
LEN	C	0.01%	0.04%	0.01%
LH	B	0.01%	0.02%	0.01%
LHX	C	0.01%	0.05%	0.01%
LIN	D	0.01%	0.23%	0.01%
LLY	F	0.01%	0.67%	0.01%
LMT	D	0.01%	0.12%	0.01%
LNT	A	0.01%	0.02%	0.01%
LOW	C	0.01%	0.17%	0.01%
LRCX	F	0.01%	0.11%	0.01%
LUV	B	0.01%	0.02%	0.01%
LVS	C	0.01%	0.02%	0.01%
LYB	F	0.01%	0.02%	0.01%
MA	B	0.01%	0.46%	0.01%
MAA	B	0.01%	0.02%	0.01%
MAR	A	0.01%	0.07%	0.01%
MAS	C	0.01%	0.02%	0.01%
MCD	D	0.01%	0.23%	0.01%
MCHP	F	0.01%	0.04%	0.01%
MCK	C	0.01%	0.09%	0.01%
MCO	A	0.01%	0.08%	0.01%
MDLZ	F	0.01%	0.09%	0.01%
MDT	D	0.01%	0.12%	0.01%
MET	A	0.01%	0.05%	0.01%
MHK	D	0.01%	0.01%	0.01%
MKC	D	0.01%	0.02%	0.01%
MLM	B	0.01%	0.04%	0.01%
MMC	A	0.01%	0.12%	0.01%
MMM	D	0.01%	0.08%	0.01%
MO	A	0.01%	0.1%	0.01%
MOS	F	0.01%	0.01%	0.01%
MPC	F	0.01%	0.06%	0.01%
MRK	F	0.01%	0.27%	0.01%
MRO	B	0.01%	0.02%	0.01%
MS	B	0.01%	0.18%	0.01%
MSFT	D	0.01%	3.42%	0.01%
MSI	C	0.01%	0.09%	0.01%
MTB	B	0.01%	0.04%	0.01%
MU	D	0.01%	0.12%	0.01%
NDAQ	A	0.01%	0.03%	0.01%
NEE	D	0.01%	0.17%	0.01%
NEM	F	0.01%	0.05%	0.01%
NI	A	0.01%	0.02%	0.01%
NKE	F	0.01%	0.1%	0.01%
NOC	D	0.01%	0.07%	0.01%
NOW	B	0.01%	0.23%	0.01%
NSC	A	0.01%	0.06%	0.01%
NTAP	C	0.01%	0.03%	0.01%
NTRS	A	0.01%	0.02%	0.01%
NUE	D	0.01%	0.04%	0.01%
NVDA	C	0.01%	3.89%	0.01%
NVR	D	0.01%	0.03%	0.01%
NXPI	D	0.01%	0.06%	0.01%
O	D	0.01%	0.05%	0.01%
OKE	C	0.01%	0.07%	0.01%
OMC	C	0.01%	0.02%	0.01%
ORCL	C	0.01%	0.32%	0.01%
ORLY	B	0.01%	0.08%	0.01%
OTIS	C	0.01%	0.04%	0.01%
PCAR	B	0.01%	0.07%	0.01%
PCG	B	0.01%	0.05%	0.01%
PEG	A	0.01%	0.05%	0.01%
PEP	F	0.01%	0.24%	0.01%
PFE	D	0.01%	0.16%	0.01%
PFG	C	0.01%	0.02%	0.01%
PG	A	0.01%	0.42%	0.01%
PGR	A	0.01%	0.16%	0.01%
PH	A	0.01%	0.1%	0.01%
PHM	C	0.01%	0.03%	0.01%
PKG	B	0.01%	0.02%	0.01%
PLD	D	0.01%	0.11%	0.01%
PM	B	0.01%	0.21%	0.01%
PNC	A	0.01%	0.09%	0.01%
PNR	B	0.01%	0.02%	0.01%
PNW	B	0.01%	0.01%	0.01%
PPG	D	0.01%	0.03%	0.01%
PPL	B	0.01%	0.03%	0.01%
PRU	A	0.01%	0.05%	0.01%
PSA	C	0.01%	0.06%	0.01%
PSX	C	0.01%	0.06%	0.01%
PWR	A	0.01%	0.05%	0.01%
PYPL	A	0.01%	0.09%	0.01%
QCOM	F	0.01%	0.2%	0.01%
QRVO	F	0.01%	0.01%	0.01%
REG	B	0.01%	0.01%	0.01%
REGN	F	0.01%	0.09%	0.01%
RF	B	0.01%	0.03%	0.01%
RJF	A	0.01%	0.03%	0.01%
RL	B	0.01%	0.01%	0.01%
ROK	B	0.01%	0.04%	0.01%
ROP	B	0.01%	0.07%	0.01%
ROST	C	0.01%	0.05%	0.01%
RSG	A	0.01%	0.05%	0.01%
RTX	D	0.01%	0.17%	0.01%
SBUX	B	0.01%	0.12%	0.01%
SCHW	A	0.01%	0.13%	0.01%
SHW	A	0.01%	0.1%	0.01%
SJM	D	0.01%	0.01%	0.01%
SLB	C	0.01%	0.07%	0.01%
SNA	A	0.01%	0.02%	0.01%
SO	D	0.01%	0.1%	0.01%
SPG	C	0.01%	0.06%	0.01%
SPGI	C	0.01%	0.18%	0.01%
SRE	A	0.01%	0.06%	0.01%
STE	F	0.01%	0.02%	0.01%
STLD	B	0.01%	0.02%	0.01%
STT	A	0.01%	0.03%	0.01%
STZ	D	0.01%	0.04%	0.01%
SWK	D	0.01%	0.01%	0.01%
SWKS	F	0.01%	0.01%	0.01%
SYF	A	0.01%	0.03%	0.01%
SYK	C	0.01%	0.14%	0.01%
SYY	C	0.01%	0.04%	0.01%
T	A	0.01%	0.17%	0.01%
TAP	C	0.01%	0.01%	0.01%
TDY	B	0.01%	0.02%	0.01%
TFC	B	0.01%	0.07%	0.01%
TGT	F	0.01%	0.08%	0.01%
TJX	A	0.01%	0.15%	0.01%
TMO	F	0.01%	0.22%	0.01%
TMUS	A	0.01%	0.13%	0.01%
TRMB	B	0.01%	0.02%	0.01%
TRV	B	0.01%	0.06%	0.01%
TSCO	C	0.01%	0.03%	0.01%
TSN	B	0.01%	0.02%	0.01%
TT	B	0.01%	0.1%	0.01%
TXN	D	0.01%	0.2%	0.01%
TXT	D	0.01%	0.02%	0.01%
UAL	B	0.01%	0.03%	0.01%
UDR	B	0.01%	0.01%	0.01%
UHS	D	0.01%	0.01%	0.01%
UNH	B	0.01%	0.59%	0.01%
UNP	C	0.01%	0.15%	0.01%
UPS	C	0.01%	0.1%	0.01%
USB	A	0.01%	0.08%	0.01%
V	A	0.01%	0.56%	0.01%
VLO	C	0.01%	0.05%	0.01%
VMC	B	0.01%	0.04%	0.01%
VRSK	A	0.01%	0.04%	0.01%
VRSN	F	0.01%	0.02%	0.01%
VTR	D	0.01%	0.03%	0.01%
VTRS	B	0.01%	0.02%	0.01%
VZ	B	0.01%	0.19%	0.01%
WAB	B	0.01%	0.04%	0.01%
WBA	D	0.01%	0.01%	0.01%
WEC	A	0.01%	0.03%	0.01%
WELL	C	0.01%	0.08%	0.01%
WFC	A	0.01%	0.27%	0.01%
WM	A	0.01%	0.09%	0.01%
WMB	B	0.01%	0.07%	0.01%
WMT	B	0.01%	0.4%	0.01%
WRB	A	0.01%	0.02%	0.01%
WY	D	0.01%	0.02%	0.01%
XEL	A	0.01%	0.04%	0.01%
XOM	C	0.01%	0.58%	0.01%
XYL	D	0.01%	0.03%	0.01%
ZBH	C	0.01%	0.02%	0.01%
ZTS	D	0.01%	0.09%	0.01%

BND Overweight 188 Positions Relative to PHDG

Symbol	Grade	Weight
WIT	A	0.09%
LXP	D	0.01%
PAA	B	0.01%
NFG	B	0.01%
OSK	B	0.01%
MKL	A	0.01%
ORI	A	0.01%
OCSL	D	0.01%
OC	B	0.01%
NYC	D	0.01%
NWE	A	0.01%
MCY	B	0.01%
PDM	D	0.01%
GSBD	F	0.01%
HUN	F	0.01%
HRB	D	0.01%
HPP	F	0.01%
INGR	B	0.01%
ILMN	C	0.01%
JBLU	F	0.01%
ET	B	0.01%
FSK	A	0.01%
CAF	D	0.01%
FHN	B	0.01%
CUBE	D	0.01%
FAF	B	0.01%
FLEX	B	0.01%
DSS	F	0.01%
COKE	C	0.01%
AL	A	0.01%
CNH	A	0.01%
AYI	B	0.01%
AWH	F	0.01%
CM	A	0.01%
AVA	B	0.01%
AFG	A	0.01%
AER	A	0.01%
CHI	A	0.01%
BKH	B	0.01%
APO	A	0.01%
BIDU	F	0.01%
BHF	B	0.01%
BERY	B	0.01%
CP	D	0.01%
COO	D	0.01%
THG	C	0.01%
TEL	B	0.01%
ZION	B	0.01%
TME	F	0.01%
NOV	C	0.01%
NNN	D	0.01%
OHI	D	0.01%
OGS	A	0.01%
OGE	A	0.01%
LEA	F	0.01%
MPLX	B	0.01%
GLPI	B	0.01%
JLL	B	0.01%
JHG	A	0.01%
JEF	A	0.01%
JD	D	0.01%
KMT	B	0.01%
KMPR	B	0.01%
GBDC	B	0.01%
UNM	A	0.01%
WB	C	0.01%
UBS	B	0.01%
VNT	C	0.01%
WTFC	B	0.01%
WPC	D	0.01%
R	B	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RS	B	0.01%
RPM	A	0.01%
RIV	D	0.01%
SCS	B	0.01%
RGA	A	0.01%
REXR	F	0.01%
SAVE	D	0.01%
SAFE	F	0.01%
SON	D	0.01%
SNX	C	0.01%
SNV	B	0.01%
NHI	D	0.01%
NEU	C	0.01%
LNC	B	0.01%
NVT	B	0.01%
GP	F	0.01%
HR	B	0.01%
HP	C	0.01%
HOG	F	0.01%
HIW	D	0.01%
H	A	0.01%
GXO	B	0.01%
ESGR	B	0.01%
EQH	B	0.01%
EPRT	B	0.01%
EPR	D	0.01%
FNF	B	0.01%
BRX	A	0.01%
AAT	B	0.01%
AAP	C	0.01%
PECO	B	0.01%
EE	B	0.01%
DXC	B	0.01%
CTS	B	0.01%
CSL	B	0.01%
FLS	A	0.01%
FLO	C	0.01%
DOX	D	0.01%
BC	C	0.01%
COE	C	0.01%
CNO	A	0.01%
CNA	B	0.01%
AXS	A	0.01%
AVT	C	0.01%
CMA	A	0.01%
AGR	B	0.01%
AGO	A	0.01%
CHH	A	0.01%
BMO	A	0.01%
ARW	D	0.01%
ADC	B	0.01%
ARCC	A	0.01%
CBT	C	0.01%
AN	B	0.01%
CACC	D	0.01%
BDN	C	0.01%
BCSF	B	0.01%
AMH	C	0.01%
AMG	B	0.01%
AAL	B	0.01%
XRAY	F	0.01%
TKR	D	0.01%
OPI	F	0.01%
LII	A	0.01%
LEG	D	0.01%
LAZ	B	0.01%
MRVL	B	0.01%
MP	A	0.01%
KEX	B	0.01%
KSS	F	0.01%
KRG	B	0.01%
KRC	C	0.01%
KOF	F	0.01%
WBS	B	0.01%
TSLX	B	0.01%
SWX	B	0.01%
VOYA	B	0.01%
VNO	B	0.01%
VMI	A	0.01%
SUI	D	0.01%
STLA	F	0.01%
WU	D	0.01%
WTRG	B	0.01%
WEST	C	0.01%
VFC	C	0.01%
WLK	D	0.01%
WHR	B	0.01%
RYN	C	0.01%
SIGI	B	0.01%
RPRX	D	0.01%
RNR	C	0.01%
SF	B	0.01%
PSEC	D	0.01%
SBRA	B	0.01%
PRE	D	0.01%
MAIN	A	0.01%
RY	B	0.01%
SCCO	F	0.01%
BHP	F	0.01%
DB	D	0.01%
EDC	F	0.01%
GSK	F	0.01%
EPD	B	0.01%
BNS	A	0.01%
EQNR	D	0.01%
ALLY	C	0.01%
BABA	D	0.01%
VOD	D	0.01%
AZN	F	0.01%
DT	C	0.01%
NWG	C	0.01%
MUFG	B	0.01%
TD	F	0.01%
HSBC	B	0.01%

BND Underweight 142 Positions Relative to PHDG

Symbol	Grade	Weight
META	D	-1.36%
TSLA	B	-0.93%
GOOG	C	-0.92%
BRK.A	B	-0.92%
NFLX	B	-0.39%
AMD	F	-0.24%
ACN	B	-0.24%
ISRG	C	-0.21%
UBER	D	-0.16%
PANW	C	-0.14%
BX	B	-0.14%
PLTR	B	-0.13%
FI	A	-0.13%
VRTX	D	-0.13%
ANET	C	-0.11%
KKR	B	-0.11%
GEV	C	-0.1%
ELV	F	-0.1%
CRWD	B	-0.09%
CMG	B	-0.09%
SNPS	B	-0.09%
CEG	D	-0.08%
TDG	D	-0.08%
HLT	A	-0.07%
FCX	F	-0.07%
RCL	B	-0.06%
URI	B	-0.06%
FICO	B	-0.06%
ABNB	C	-0.06%
TRGP	B	-0.05%
ODFL	B	-0.05%
COR	C	-0.05%
BKR	C	-0.05%
F	C	-0.05%
AXON	B	-0.05%
AME	A	-0.05%
KVUE	A	-0.05%
HWM	B	-0.05%
PAYX	B	-0.05%
FAST	B	-0.05%
VST	B	-0.05%
MSCI	C	-0.05%
CPRT	A	-0.05%
VICI	C	-0.04%
IRM	C	-0.04%
RMD	C	-0.04%
OXY	F	-0.04%
IDXX	F	-0.04%
IQV	F	-0.04%
GEHC	F	-0.04%
LULU	C	-0.04%
YUM	B	-0.04%
MNST	B	-0.04%
CBRE	B	-0.04%
CTSH	B	-0.04%
IT	C	-0.04%
IR	A	-0.04%
SBAC	D	-0.03%
CDW	F	-0.03%
CCL	B	-0.03%
WST	C	-0.03%
SW	B	-0.03%
VLTO	C	-0.03%
EQT	B	-0.03%
CPAY	A	-0.03%
GDDY	B	-0.03%
TYL	A	-0.03%
MTD	F	-0.03%
TROW	A	-0.03%
DECK	A	-0.03%
KHC	D	-0.03%
MPWR	F	-0.03%
ON	C	-0.03%
TTWO	B	-0.03%
ANSS	B	-0.03%
DXCM	C	-0.03%
CSGP	C	-0.03%
CNC	F	-0.03%
WTW	B	-0.03%
GRMN	A	-0.03%
EPAM	C	-0.02%
NDSN	B	-0.02%
ROL	B	-0.02%
FFIV	A	-0.02%
RVTY	D	-0.02%
DPZ	C	-0.02%
ALGN	D	-0.02%
GEN	A	-0.02%
EXPD	C	-0.02%
TER	F	-0.02%
J	F	-0.02%
MOH	F	-0.02%
HOLX	D	-0.02%
ULTA	F	-0.02%
PODD	B	-0.02%
CTRA	B	-0.02%
BALL	D	-0.02%
NRG	C	-0.02%
FDS	B	-0.02%
LYV	A	-0.02%
ZBRA	A	-0.02%
STX	D	-0.02%
WDC	C	-0.02%
FSLR	F	-0.02%
BLDR	C	-0.02%
WBD	C	-0.02%
WAT	B	-0.02%
PTC	A	-0.02%
FOX	B	-0.01%
PARA	C	-0.01%
DVA	B	-0.01%
MTCH	F	-0.01%
APA	F	-0.01%
HSIC	B	-0.01%
CZR	D	-0.01%
ENPH	F	-0.01%
MGM	F	-0.01%
WYNN	D	-0.01%
AOS	D	-0.01%
TFX	F	-0.01%
SMCI	D	-0.01%
SOLV	C	-0.01%
MKTX	D	-0.01%
CRL	C	-0.01%
ERIE	D	-0.01%
LKQ	D	-0.01%
CTLT	B	-0.01%
PAYC	A	-0.01%
NWSA	B	-0.01%
GNRC	B	-0.01%
TECH	C	-0.01%
LW	C	-0.01%
NCLH	B	-0.01%
DAY	A	-0.01%
KMX	B	-0.01%
INCY	C	-0.01%
JKHY	D	-0.01%
TPR	A	-0.01%
AKAM	F	-0.01%
MRNA	F	-0.01%
POOL	C	-0.01%
NWS	B	-0.0%