NTSX vs. PHDG ETF Comparison

Comparison of WisdomTree 90/60 U.S. Balanced Fund (NTSX) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

NTSX

WisdomTree 90/60 U.S. Balanced Fund

NTSX Description

The investment seeks total return. The fund is actively managed using a models-based approach. It seeks to achieve its investment objective by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the fund will invest approximately 90% of its net assets in U.S. equity securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$47.77

Average Daily Volume

65,580

Number of Holdings ^*

495

* 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

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	NTSX	PHDG
30 Days	2.69%	0.66%
60 Days	2.16%	1.51%
90 Days	4.05%	1.58%
12 Months	29.88%	18.52%

421 Overlapping Holdings

	Symbol	Grade	Weight in NTSX	Weight in PHDG	Overlap
	A	D	0.08%	0.04%	0.04%
	AAPL	C	6.76%	3.74%	3.74%
	ABBV	D	0.59%	0.32%	0.32%
	ABNB	C	0.16%	0.06%	0.06%
	ABT	B	0.41%	0.22%	0.22%
	ADBE	C	0.43%	0.25%	0.25%
	ADI	D	0.21%	0.11%	0.11%
	ADM	D	0.04%	0.03%	0.03%
	ADP	B	0.25%	0.13%	0.13%
	ADSK	A	0.13%	0.07%	0.07%
	AEE	A	0.06%	0.03%	0.03%
	AEP	D	0.1%	0.05%	0.05%
	AFL	B	0.11%	0.06%	0.06%
	AIG	B	0.12%	0.05%	0.05%
	AJG	B	0.12%	0.07%	0.07%
	AKAM	D	0.03%	0.01%	0.01%
	ALB	C	0.0%	0.01%	0.0%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.1%	0.06%	0.06%
	AMAT	F	0.29%	0.17%	0.17%
	AMD	F	0.44%	0.24%	0.24%
	AME	A	0.09%	0.05%	0.05%
	AMGN	D	0.3%	0.17%	0.17%
	AMP	A	0.11%	0.06%	0.06%
	AMT	D	0.15%	0.1%	0.1%
	AMZN	C	3.95%	2.13%	2.13%
	ANET	C	0.24%	0.11%	0.11%
	ANSS	B	0.05%	0.03%	0.03%
	APD	A	0.13%	0.08%	0.08%
	APH	A	0.16%	0.09%	0.09%
	ARE	D	0.02%	0.02%	0.02%
	ATO	A	0.04%	0.02%	0.02%
	AVB	B	0.06%	0.03%	0.03%
	AVGO	D	1.45%	0.86%	0.86%
	AVY	D	0.03%	0.02%	0.02%
	AWK	D	0.04%	0.03%	0.03%
	AXON	A	0.09%	0.05%	0.05%
	AXP	A	0.4%	0.17%	0.17%
	AZO	C	0.1%	0.06%	0.06%
	BA	F	0.16%	0.11%	0.11%
	BAC	A	0.7%	0.33%	0.33%
	BALL	D	0.04%	0.02%	0.02%
	BAX	D	0.04%	0.02%	0.02%
	BBY	D	0.03%	0.02%	0.02%
	BDX	F	0.14%	0.07%	0.07%
	BEN	C	0.04%	0.01%	0.01%
	BIIB	F	0.03%	0.03%	0.03%
	BK	A	0.11%	0.06%	0.06%
	BKNG	A	0.34%	0.18%	0.18%
	BKR	B	0.08%	0.05%	0.05%
	BLDR	D	0.04%	0.02%	0.02%
	BLK	C	0.3%	0.16%	0.16%
	BMY	B	0.2%	0.13%	0.13%
	BR	A	0.05%	0.03%	0.03%
	BRK.A	B	1.96%	0.92%	0.92%
	BRO	B	0.05%	0.03%	0.03%
	BSX	B	0.24%	0.14%	0.14%
	BX	A	0.44%	0.14%	0.14%
	C	A	0.22%	0.14%	0.14%
	CAG	D	0.04%	0.01%	0.01%
	CAH	B	0.06%	0.03%	0.03%
	CARR	D	0.12%	0.07%	0.07%
	CAT	B	0.37%	0.2%	0.2%
	CBRE	B	0.08%	0.04%	0.04%
	CCI	D	0.03%	0.05%	0.03%
	CDNS	B	0.17%	0.09%	0.09%
	CDW	F	0.05%	0.03%	0.03%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.15%	0.08%	0.08%
	CF	B	0.01%	0.02%	0.01%
	CFG	B	0.04%	0.02%	0.02%
	CHD	B	0.05%	0.03%	0.03%
	CHTR	C	0.13%	0.04%	0.04%
	CI	F	0.19%	0.1%	0.1%
	CINF	A	0.05%	0.03%	0.03%
	CL	D	0.14%	0.08%	0.08%
	CLX	B	0.03%	0.02%	0.02%
	CMCSA	B	0.28%	0.18%	0.18%
	CME	A	0.17%	0.09%	0.09%
	CMG	B	0.16%	0.09%	0.09%
	CMI	A	0.1%	0.05%	0.05%
	CMS	C	0.04%	0.02%	0.02%
	CNC	D	0.06%	0.03%	0.03%
	CNP	B	0.05%	0.02%	0.02%
	COF	B	0.14%	0.08%	0.08%
	COP	C	0.26%	0.14%	0.14%
	COR	B	0.08%	0.05%	0.05%
	COST	B	0.8%	0.44%	0.44%
	CPAY	A	0.06%	0.03%	0.03%
	CPB	D	0.02%	0.01%	0.01%
	CPRT	A	0.1%	0.05%	0.05%
	CRM	B	0.65%	0.35%	0.35%
	CRWD	B	0.17%	0.09%	0.09%
	CSCO	B	0.47%	0.25%	0.25%
	CSGP	D	0.05%	0.03%	0.03%
	CSX	B	0.14%	0.07%	0.07%
	CTAS	B	0.16%	0.08%	0.08%
	CTRA	B	0.01%	0.02%	0.01%
	CTSH	B	0.09%	0.04%	0.04%
	CTVA	C	0.08%	0.04%	0.04%
	CVS	D	0.1%	0.07%	0.07%
	CVX	A	0.59%	0.3%	0.3%
	D	C	0.03%	0.05%	0.03%
	DAL	C	0.1%	0.04%	0.04%
	DD	D	0.07%	0.04%	0.04%
	DE	A	0.24%	0.11%	0.11%
	DECK	A	0.05%	0.03%	0.03%
	DELL	C	0.21%	0.04%	0.04%
	DFS	B	0.08%	0.05%	0.05%
	DG	F	0.0%	0.02%	0.0%
	DGX	A	0.04%	0.02%	0.02%
	DHI	D	0.1%	0.05%	0.05%
	DHR	F	0.33%	0.17%	0.17%
	DIS	B	0.31%	0.21%	0.21%
	DLR	B	0.12%	0.06%	0.06%
	DLTR	F	0.04%	0.01%	0.01%
	DOV	A	0.05%	0.03%	0.03%
	DOW	F	0.04%	0.03%	0.03%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.06%	0.02%	0.02%
	DTE	C	0.06%	0.03%	0.03%
	DUK	C	0.17%	0.09%	0.09%
	DVN	F	0.07%	0.03%	0.03%
	DXCM	D	0.03%	0.03%	0.03%
	EA	A	0.08%	0.04%	0.04%
	EBAY	D	0.06%	0.03%	0.03%
	ECL	D	0.12%	0.07%	0.07%
	ED	D	0.06%	0.04%	0.04%
	EFX	F	0.05%	0.03%	0.03%
	EIX	B	0.07%	0.03%	0.03%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.18%	0.1%	0.1%
	EMR	A	0.15%	0.08%	0.08%
	ENPH	F	0.01%	0.01%	0.01%
	EOG	A	0.16%	0.08%	0.08%
	EPAM	C	0.01%	0.02%	0.01%
	EQIX	A	0.17%	0.09%	0.09%
	EQR	B	0.06%	0.03%	0.03%
	EQT	B	0.01%	0.03%	0.01%
	ERIE	D	0.03%	0.01%	0.01%
	ES	D	0.01%	0.02%	0.01%
	ESS	B	0.04%	0.02%	0.02%
	ETR	B	0.06%	0.03%	0.03%
	EVRG	A	0.06%	0.02%	0.02%
	EW	C	0.08%	0.04%	0.04%
	EXC	C	0.1%	0.04%	0.04%
	EXPD	D	0.02%	0.02%	0.02%
	EXPE	B	0.05%	0.02%	0.02%
	EXR	D	0.07%	0.04%	0.04%
	F	C	0.09%	0.05%	0.05%
	FANG	D	0.06%	0.04%	0.04%
	FAST	B	0.08%	0.05%	0.05%
	FCX	D	0.13%	0.07%	0.07%
	FDS	B	0.03%	0.02%	0.02%
	FDX	B	0.14%	0.07%	0.07%
	FE	C	0.05%	0.02%	0.02%
	FI	A	0.24%	0.13%	0.13%
	FICO	B	0.1%	0.06%	0.06%
	FIS	C	0.11%	0.05%	0.05%
	FITB	A	0.05%	0.03%	0.03%
	FOXA	B	0.05%	0.01%	0.01%
	FSLR	F	0.03%	0.02%	0.02%
	FTNT	C	0.14%	0.06%	0.06%
	FTV	C	0.06%	0.03%	0.03%
	GD	F	0.13%	0.08%	0.08%
	GDDY	A	0.04%	0.03%	0.03%
	GE	D	0.35%	0.21%	0.21%
	GEHC	F	0.07%	0.04%	0.04%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.18%	0.1%	0.1%
	GILD	C	0.22%	0.12%	0.12%
	GIS	D	0.08%	0.04%	0.04%
	GLW	B	0.08%	0.04%	0.04%
	GM	B	0.14%	0.07%	0.07%
	GOOGL	C	4.08%	1.11%	1.11%
	GPC	D	0.04%	0.02%	0.02%
	GPN	B	0.03%	0.03%	0.03%
	GS	A	0.37%	0.2%	0.2%
	GWW	B	0.09%	0.06%	0.06%
	HAL	C	0.07%	0.03%	0.03%
	HBAN	A	0.03%	0.03%	0.03%
	HCA	F	0.17%	0.07%	0.07%
	HD	A	0.77%	0.43%	0.43%
	HES	B	0.09%	0.04%	0.04%
	HIG	B	0.07%	0.04%	0.04%
	HLT	A	0.13%	0.07%	0.07%
	HOLX	D	0.03%	0.02%	0.02%
	HON	B	0.27%	0.16%	0.16%
	HPE	B	0.06%	0.03%	0.03%
	HPQ	B	0.08%	0.04%	0.04%
	HRL	D	0.04%	0.01%	0.01%
	HST	C	0.04%	0.01%	0.01%
	HSY	F	0.08%	0.03%	0.03%
	HUBB	B	0.04%	0.03%	0.03%
	HUM	C	0.05%	0.04%	0.04%
	HWM	A	0.09%	0.05%	0.05%
	IBM	C	0.39%	0.21%	0.21%
	ICE	C	0.17%	0.1%	0.1%
	IDXX	F	0.07%	0.04%	0.04%
	IEX	B	0.03%	0.02%	0.02%
	IFF	D	0.02%	0.02%	0.02%
	INCY	C	0.04%	0.01%	0.01%
	INTC	D	0.15%	0.12%	0.12%
	INTU	C	0.38%	0.21%	0.21%
	INVH	D	0.05%	0.02%	0.02%
	IP	B	0.04%	0.02%	0.02%
	IPG	D	0.04%	0.01%	0.01%
	IQV	D	0.08%	0.04%	0.04%
	IR	B	0.08%	0.04%	0.04%
	IRM	D	0.07%	0.04%	0.04%
	ISRG	A	0.36%	0.21%	0.21%
	IT	C	0.08%	0.04%	0.04%
	ITW	B	0.15%	0.08%	0.08%
	J	F	0.03%	0.02%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JBL	B	0.03%	0.02%	0.02%
	JNJ	D	0.7%	0.39%	0.39%
	JPM	A	1.33%	0.74%	0.74%
	K	A	0.05%	0.02%	0.02%
	KDP	D	0.08%	0.04%	0.04%
	KEY	B	0.04%	0.02%	0.02%
	KEYS	A	0.05%	0.03%	0.03%
	KHC	F	0.05%	0.03%	0.03%
	KIM	A	0.04%	0.02%	0.02%
	KKR	A	0.26%	0.11%	0.11%
	KLAC	D	0.16%	0.09%	0.09%
	KMB	D	0.09%	0.05%	0.05%
	KMI	A	0.11%	0.06%	0.06%
	KO	D	0.51%	0.26%	0.26%
	KR	B	0.07%	0.04%	0.04%
	KVUE	A	0.09%	0.05%	0.05%
	L	A	0.03%	0.02%	0.02%
	LDOS	C	0.04%	0.02%	0.02%
	LEN	D	0.09%	0.04%	0.04%
	LH	C	0.05%	0.02%	0.02%
	LHX	C	0.08%	0.05%	0.05%
	LKQ	D	0.03%	0.01%	0.01%
	LLY	F	1.36%	0.67%	0.67%
	LMT	D	0.25%	0.12%	0.12%
	LNT	A	0.03%	0.02%	0.02%
	LOW	D	0.29%	0.17%	0.17%
	LRCX	F	0.19%	0.11%	0.11%
	LUV	C	0.01%	0.02%	0.01%
	LVS	C	0.03%	0.02%	0.02%
	LW	C	0.0%	0.01%	0.0%
	LYV	A	0.08%	0.02%	0.02%
	MA	C	0.95%	0.46%	0.46%
	MAA	B	0.04%	0.02%	0.02%
	MAR	B	0.16%	0.07%	0.07%
	MAS	D	0.03%	0.02%	0.02%
	MCD	D	0.39%	0.23%	0.23%
	MCHP	D	0.08%	0.04%	0.04%
	MCK	B	0.16%	0.09%	0.09%
	MCO	B	0.15%	0.08%	0.08%
	MDLZ	F	0.18%	0.09%	0.09%
	MET	A	0.13%	0.05%	0.05%
	META	D	2.8%	1.36%	1.36%
	MGM	D	0.04%	0.01%	0.01%
	MKC	D	0.05%	0.02%	0.02%
	MLM	B	0.07%	0.04%	0.04%
	MMC	B	0.21%	0.12%	0.12%
	MMM	D	0.14%	0.08%	0.08%
	MNST	C	0.12%	0.04%	0.04%
	MO	A	0.18%	0.1%	0.1%
	MOH	F	0.03%	0.02%	0.02%
	MOS	F	0.03%	0.01%	0.01%
	MPC	D	0.12%	0.06%	0.06%
	MPWR	F	0.05%	0.03%	0.03%
	MRK	F	0.49%	0.27%	0.27%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.03%	0.02%	0.02%
	MS	A	0.43%	0.18%	0.18%
	MSCI	C	0.09%	0.05%	0.05%
	MSFT	F	5.97%	3.42%	3.42%
	MSI	B	0.15%	0.09%	0.09%
	MTB	A	0.06%	0.04%	0.04%
	MTD	D	0.05%	0.03%	0.03%
	MU	D	0.23%	0.12%	0.12%
	NDAQ	A	0.08%	0.03%	0.03%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	D	0.29%	0.17%	0.17%
	NEM	D	0.09%	0.05%	0.05%
	NFLX	A	0.77%	0.39%	0.39%
	NKE	D	0.22%	0.1%	0.1%
	NOC	D	0.14%	0.07%	0.07%
	NOW	A	0.41%	0.23%	0.23%
	NSC	B	0.12%	0.06%	0.06%
	NTAP	C	0.05%	0.03%	0.03%
	NTRS	A	0.05%	0.02%	0.02%
	NUE	C	0.09%	0.04%	0.04%
	NVDA	C	7.06%	3.89%	3.89%
	NVR	D	0.05%	0.03%	0.03%
	NWSA	B	0.04%	0.01%	0.01%
	O	D	0.1%	0.05%	0.05%
	ODFL	B	0.1%	0.05%	0.05%
	OKE	A	0.13%	0.07%	0.07%
	OMC	C	0.05%	0.02%	0.02%
	ON	D	0.06%	0.03%	0.03%
	ORCL	B	1.0%	0.32%	0.32%
	ORLY	B	0.13%	0.08%	0.08%
	OTIS	C	0.07%	0.04%	0.04%
	OXY	D	0.1%	0.04%	0.04%
	PANW	C	0.24%	0.14%	0.14%
	PAYX	C	0.11%	0.05%	0.05%
	PCAR	B	0.12%	0.07%	0.07%
	PCG	A	0.09%	0.05%	0.05%
	PEG	A	0.08%	0.05%	0.05%
	PEP	F	0.4%	0.24%	0.24%
	PFE	D	0.21%	0.16%	0.16%
	PFG	D	0.05%	0.02%	0.02%
	PG	A	0.79%	0.42%	0.42%
	PGR	A	0.29%	0.16%	0.16%
	PH	A	0.18%	0.1%	0.1%
	PHM	D	0.05%	0.03%	0.03%
	PKG	A	0.04%	0.02%	0.02%
	PLD	D	0.17%	0.11%	0.11%
	PLTR	B	0.28%	0.13%	0.13%
	PM	B	0.38%	0.21%	0.21%
	PNC	B	0.14%	0.09%	0.09%
	PODD	C	0.04%	0.02%	0.02%
	POOL	C	0.03%	0.01%	0.01%
	PPG	F	0.08%	0.03%	0.03%
	PPL	B	0.05%	0.03%	0.03%
	PRU	A	0.1%	0.05%	0.05%
	PSA	D	0.11%	0.06%	0.06%
	PSX	C	0.11%	0.06%	0.06%
	PTC	A	0.04%	0.02%	0.02%
	PWR	A	0.09%	0.05%	0.05%
	PYPL	B	0.08%	0.09%	0.08%
	QCOM	F	0.33%	0.2%	0.2%
	REGN	F	0.15%	0.09%	0.09%
	RF	A	0.05%	0.03%	0.03%
	RJF	A	0.06%	0.03%	0.03%
	RMD	C	0.07%	0.04%	0.04%
	ROK	B	0.07%	0.04%	0.04%
	ROL	B	0.04%	0.02%	0.02%
	ROP	B	0.1%	0.07%	0.07%
	ROST	C	0.1%	0.05%	0.05%
	RSG	A	0.1%	0.05%	0.05%
	RTX	C	0.33%	0.17%	0.17%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.21%	0.12%	0.12%
	SCHW	B	0.27%	0.13%	0.13%
	SHW	A	0.18%	0.1%	0.1%
	SJM	D	0.01%	0.01%	0.01%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	A	0.03%	0.02%	0.02%
	SNPS	B	0.16%	0.09%	0.09%
	SO	D	0.19%	0.1%	0.1%
	SOLV	C	0.03%	0.01%	0.01%
	SPG	B	0.12%	0.06%	0.06%
	SPGI	C	0.31%	0.18%	0.18%
	SRE	A	0.13%	0.06%	0.06%
	STLD	B	0.04%	0.02%	0.02%
	STT	A	0.06%	0.03%	0.03%
	STZ	D	0.09%	0.04%	0.04%
	SWK	D	0.03%	0.01%	0.01%
	SWKS	F	0.02%	0.01%	0.01%
	SYF	B	0.05%	0.03%	0.03%
	SYK	C	0.29%	0.14%	0.14%
	SYY	B	0.08%	0.04%	0.04%
	T	A	0.29%	0.17%	0.17%
	TAP	C	0.04%	0.01%	0.01%
	TDG	D	0.13%	0.08%	0.08%
	TDY	B	0.05%	0.02%	0.02%
	TER	D	0.03%	0.02%	0.02%
	TFC	A	0.13%	0.07%	0.07%
	TGT	F	0.08%	0.08%	0.08%
	TJX	A	0.26%	0.15%	0.15%
	TMO	F	0.4%	0.22%	0.22%
	TMUS	B	0.55%	0.13%	0.13%
	TRGP	B	0.09%	0.05%	0.05%
	TROW	B	0.07%	0.03%	0.03%
	TRV	B	0.11%	0.06%	0.06%
	TSCO	D	0.05%	0.03%	0.03%
	TSLA	B	2.1%	0.93%	0.93%
	TSN	B	0.05%	0.02%	0.02%
	TTWO	A	0.07%	0.03%	0.03%
	TXN	C	0.33%	0.2%	0.2%
	TXT	D	0.03%	0.02%	0.02%
	TYL	B	0.05%	0.03%	0.03%
	UAL	A	0.08%	0.03%	0.03%
	UBER	D	0.28%	0.16%	0.16%
	ULTA	F	0.04%	0.02%	0.02%
	UNH	C	1.07%	0.59%	0.59%
	UNP	C	0.26%	0.15%	0.15%
	UPS	C	0.23%	0.1%	0.1%
	URI	B	0.1%	0.06%	0.06%
	USB	A	0.11%	0.08%	0.08%
	V	A	1.26%	0.56%	0.56%
	VICI	C	0.08%	0.04%	0.04%
	VLO	C	0.09%	0.05%	0.05%
	VLTO	D	0.05%	0.03%	0.03%
	VMC	B	0.08%	0.04%	0.04%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	F	0.01%	0.02%	0.01%
	VRTX	F	0.22%	0.13%	0.13%
	VST	B	0.09%	0.05%	0.05%
	VTR	C	0.05%	0.03%	0.03%
	VZ	C	0.28%	0.19%	0.19%
	WAB	B	0.07%	0.04%	0.04%
	WAT	B	0.04%	0.02%	0.02%
	WBA	F	0.02%	0.01%	0.01%
	WBD	C	0.02%	0.02%	0.02%
	WDC	D	0.05%	0.02%	0.02%
	WEC	A	0.08%	0.03%	0.03%
	WELL	A	0.15%	0.08%	0.08%
	WFC	A	0.52%	0.27%	0.27%
	WM	A	0.16%	0.09%	0.09%
	WMB	A	0.13%	0.07%	0.07%
	WMT	A	1.34%	0.4%	0.4%
	WRB	A	0.03%	0.02%	0.02%
	WST	C	0.05%	0.03%	0.03%
	WY	D	0.03%	0.02%	0.02%
	XEL	A	0.06%	0.04%	0.04%
	XOM	B	1.05%	0.58%	0.58%
	XYL	D	0.06%	0.03%	0.03%
	YUM	B	0.07%	0.04%	0.04%
	ZBH	C	0.02%	0.02%	0.02%
	ZBRA	B	0.05%	0.02%	0.02%
	ZTS	D	0.17%	0.09%	0.09%

NTSX Overweight 74 Positions Relative to PHDG

	Symbol	Grade	Weight
	APO	B	0.25%
	APP	B	0.2%
	MRVL	B	0.17%
	TEAM	A	0.14%
	WDAY	B	0.14%
	SCCO	F	0.14%
	TTD	B	0.13%
	DASH	A	0.13%
	COIN	C	0.12%
	EPD	A	0.11%
	ET	A	0.11%
	DDOG	A	0.09%
	VRT	B	0.09%
	HUBS	A	0.08%
	CPNG	D	0.08%
	ZS	C	0.07%
	VEEV	C	0.07%
	SQ	B	0.07%
	NET	B	0.07%
	MPLX	A	0.07%
	ALNY	D	0.06%
	ARES	A	0.06%
	RBLX	C	0.06%
	FCNCA	A	0.06%
	TPL	A	0.06%
	HEI	B	0.06%
	IOT	A	0.05%
	TW	A	0.05%
	LPLA	A	0.05%
	DKNG	B	0.05%
	MKL	A	0.05%
	TWLO	A	0.05%
	GLPI	C	0.05%
	ZM	B	0.05%
	SNOW	C	0.05%
	LBRDK	C	0.04%
	SNAP	C	0.04%
	LII	A	0.04%
	ENTG	D	0.04%
	WPC	D	0.04%
	WSM	B	0.04%
	CSL	C	0.04%
	AGR	B	0.04%
	CRBG	B	0.04%
	WLK	D	0.04%
	SUI	D	0.04%
	WMG	C	0.04%
	SSNC	B	0.04%
	CG	A	0.04%
	AMH	D	0.03%
	MORN	B	0.03%
	ROKU	D	0.03%
	RS	B	0.03%
	MANH	D	0.03%
	FNF	B	0.03%
	PINS	D	0.03%
	ACM	A	0.03%
	AVTR	F	0.03%
	BMRN	D	0.03%
	MDB	C	0.03%
	WSO	A	0.03%
	BSY	D	0.03%
	ELS	C	0.03%
	GGG	B	0.03%
	H	B	0.03%
	OVV	B	0.03%
	BAH	F	0.03%
	OC	A	0.03%
	DT	C	0.03%
	ILMN	D	0.02%
	RIVN	F	0.02%
	RPM	A	0.02%
	ACI	C	0.02%
	SIRI	C	0.02%

NTSX Underweight 78 Positions Relative to PHDG

	Symbol	Grade	Weight
	GOOG	C	-0.92%
	ACN	C	-0.24%
	LIN	D	-0.23%
	ETN	A	-0.16%
	CB	C	-0.12%
	MDT	D	-0.12%
	TT	A	-0.1%
	AON	A	-0.09%
	SLB	C	-0.07%
	RCL	A	-0.06%
	JCI	C	-0.06%
	NXPI	D	-0.06%
	ACGL	D	-0.04%
	LULU	C	-0.04%
	CCL	B	-0.03%
	SW	A	-0.03%
	WTW	B	-0.03%
	GRMN	B	-0.03%
	FFIV	B	-0.02%
	RVTY	F	-0.02%
	APTV	D	-0.02%
	AMCR	D	-0.02%
	DOC	D	-0.02%
	VTRS	A	-0.02%
	EG	C	-0.02%
	NI	A	-0.02%
	TRMB	B	-0.02%
	PNR	A	-0.02%
	NRG	B	-0.02%
	STX	D	-0.02%
	CBOE	B	-0.02%
	LYB	F	-0.02%
	STE	F	-0.02%
	FOX	A	-0.01%
	QRVO	F	-0.01%
	PARA	C	-0.01%
	FMC	D	-0.01%
	DVA	B	-0.01%
	MHK	D	-0.01%
	HII	D	-0.01%
	BWA	D	-0.01%
	IVZ	B	-0.01%
	MTCH	D	-0.01%
	HAS	D	-0.01%
	APA	D	-0.01%
	HSIC	B	-0.01%
	CZR	F	-0.01%
	RL	B	-0.01%
	FRT	B	-0.01%
	WYNN	D	-0.01%
	AOS	F	-0.01%
	TFX	F	-0.01%
	GL	B	-0.01%
	AES	F	-0.01%
	MKTX	D	-0.01%
	CRL	C	-0.01%
	PNW	B	-0.01%
	CTLT	B	-0.01%
	PAYC	B	-0.01%
	AIZ	A	-0.01%
	GNRC	B	-0.01%
	TECH	D	-0.01%
	BXP	D	-0.01%
	NCLH	B	-0.01%
	EMN	D	-0.01%
	UHS	D	-0.01%
	REG	B	-0.01%
	DAY	B	-0.01%
	KMX	B	-0.01%
	ALLE	D	-0.01%
	BG	F	-0.01%
	JKHY	D	-0.01%
	JNPR	F	-0.01%
	CPT	B	-0.01%
	CHRW	C	-0.01%
	TPR	B	-0.01%
	UDR	B	-0.01%
	NWS	B	-0.0%

NTSX: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Semiconductors Diagnostics & Research Banks - Regional - US Capital Markets Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Specialty Retail REIT - Residential Software - Infrastructure Specialty Chemicals Credit Services Health Care Plans Household & Personal Products

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

PHDG: 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