PHDG vs. GSPY ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Gotham Enhanced 500 ETF (GSPY)

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

$38.48

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

GSPY

Gotham Enhanced 500 ETF

GSPY Description

The investment seeks long-term capital appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities of issuers included in the S&P 500® Index. It is not a passive index fund, but instead utilizes an enhanced strategy implemented by the fund's investment sub-adviser to invest in the securities in the index and weight those securities based on the Sub-Adviser's assessment of value and each security's weight in the ndex.

Grade (RS Rating)

Last Trade

$32.82

Average Daily Volume

44,418

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	GSPY
30 Days	0.66%	2.91%
60 Days	1.51%	4.43%
90 Days	1.58%	6.24%
12 Months	18.52%	30.89%

496 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in GSPY	Overlap
A	D	0.04%	0.02%	0.02%
AAPL	C	3.74%	6.54%	3.74%
ABBV	D	0.32%	0.2%	0.2%
ABNB	C	0.06%	0.06%	0.06%
ABT	B	0.22%	0.38%	0.22%
ACGL	D	0.04%	0.02%	0.02%
ACN	C	0.24%	0.15%	0.15%
ADBE	C	0.25%	0.14%	0.14%
ADI	D	0.11%	0.07%	0.07%
ADM	D	0.03%	0.02%	0.02%
ADP	B	0.13%	0.14%	0.13%
ADSK	A	0.07%	0.04%	0.04%
AEE	A	0.03%	0.02%	0.02%
AEP	D	0.05%	0.03%	0.03%
AES	F	0.01%	0.01%	0.01%
AFL	B	0.06%	0.04%	0.04%
AIG	B	0.05%	0.03%	0.03%
AIZ	A	0.01%	0.01%	0.01%
AJG	B	0.07%	0.04%	0.04%
AKAM	D	0.01%	0.01%	0.01%
ALB	C	0.01%	0.01%	0.01%
ALGN	D	0.02%	0.01%	0.01%
ALL	A	0.06%	0.03%	0.03%
ALLE	D	0.01%	0.06%	0.01%
AMAT	F	0.17%	0.66%	0.17%
AMCR	D	0.02%	0.01%	0.01%
AMD	F	0.24%	0.14%	0.14%
AME	A	0.05%	0.03%	0.03%
AMGN	D	0.17%	0.1%	0.1%
AMP	A	0.06%	0.1%	0.06%
AMT	D	0.1%	0.06%	0.06%
AMZN	C	2.13%	4.53%	2.13%
ANET	C	0.11%	0.07%	0.07%
ANSS	B	0.03%	0.06%	0.03%
AON	A	0.09%	0.39%	0.09%
AOS	F	0.01%	0.01%	0.01%
APA	D	0.01%	0.0%	0.0%
APD	A	0.08%	0.05%	0.05%
APH	A	0.09%	0.06%	0.06%
APTV	D	0.02%	0.06%	0.02%
ARE	D	0.02%	0.01%	0.01%
ATO	A	0.02%	0.01%	0.01%
AVB	B	0.03%	0.02%	0.02%
AVGO	D	0.86%	1.12%	0.86%
AVY	D	0.02%	0.07%	0.02%
AWK	D	0.03%	0.01%	0.01%
AXON	A	0.05%	0.02%	0.02%
AXP	A	0.17%	0.44%	0.17%
AZO	C	0.06%	0.03%	0.03%
BA	F	0.11%	0.06%	0.06%
BAC	A	0.33%	0.67%	0.33%
BALL	D	0.02%	0.1%	0.02%
BAX	D	0.02%	0.01%	0.01%
BBY	D	0.02%	0.1%	0.02%
BDX	F	0.07%	0.04%	0.04%
BEN	C	0.01%	0.06%	0.01%
BG	F	0.01%	0.01%	0.01%
BIIB	F	0.03%	0.11%	0.03%
BK	A	0.06%	0.11%	0.06%
BKNG	A	0.18%	0.79%	0.18%
BKR	B	0.05%	0.21%	0.05%
BLDR	D	0.02%	0.11%	0.02%
BLK	C	0.16%	0.33%	0.16%
BMY	B	0.13%	0.08%	0.08%
BR	A	0.03%	0.09%	0.03%
BRK.A	B	0.92%	1.9%	0.92%
BRO	B	0.03%	0.02%	0.02%
BSX	B	0.14%	0.09%	0.09%
BWA	D	0.01%	0.04%	0.01%
BX	A	0.14%	0.26%	0.14%
BXP	D	0.01%	0.01%	0.01%
C	A	0.14%	0.25%	0.14%
CAG	D	0.01%	0.01%	0.01%
CAH	B	0.03%	0.02%	0.02%
CARR	D	0.07%	0.04%	0.04%
CAT	B	0.2%	0.98%	0.2%
CB	C	0.12%	0.21%	0.12%
CBOE	B	0.02%	0.01%	0.01%
CBRE	B	0.04%	0.02%	0.02%
CCI	D	0.05%	0.03%	0.03%
CCL	B	0.03%	0.02%	0.02%
CDNS	B	0.09%	0.05%	0.05%
CDW	F	0.03%	0.11%	0.03%
CE	F	0.01%	0.04%	0.01%
CEG	D	0.08%	0.35%	0.08%
CF	B	0.02%	0.01%	0.01%
CFG	B	0.02%	0.04%	0.02%
CHD	B	0.03%	0.02%	0.02%
CHRW	C	0.01%	0.01%	0.01%
CHTR	C	0.04%	0.11%	0.04%
CI	F	0.1%	0.5%	0.1%
CINF	A	0.03%	0.11%	0.03%
CL	D	0.08%	0.36%	0.08%
CLX	B	0.02%	0.1%	0.02%
CMCSA	B	0.18%	0.39%	0.18%
CME	A	0.09%	0.09%	0.09%
CMG	B	0.09%	0.05%	0.05%
CMI	A	0.05%	0.27%	0.05%
CMS	C	0.02%	0.01%	0.01%
CNC	D	0.03%	0.14%	0.03%
CNP	B	0.02%	0.01%	0.01%
COF	B	0.08%	0.13%	0.08%
COP	C	0.14%	0.09%	0.09%
COR	B	0.05%	0.23%	0.05%
COST	B	0.44%	0.27%	0.27%
CPAY	A	0.03%	0.14%	0.03%
CPB	D	0.01%	0.01%	0.01%
CPRT	A	0.05%	0.03%	0.03%
CPT	B	0.01%	0.01%	0.01%
CRL	C	0.01%	0.0%	0.0%
CRM	B	0.35%	0.21%	0.21%
CRWD	B	0.09%	0.05%	0.05%
CSCO	B	0.25%	0.67%	0.25%
CSGP	D	0.03%	0.02%	0.02%
CSX	B	0.07%	0.16%	0.07%
CTAS	B	0.08%	0.05%	0.05%
CTLT	B	0.01%	0.01%	0.01%
CTRA	B	0.02%	0.01%	0.01%
CTSH	B	0.04%	0.07%	0.04%
CTVA	C	0.04%	0.03%	0.03%
CVS	D	0.07%	0.34%	0.07%
CVX	A	0.3%	0.67%	0.3%
CZR	F	0.01%	0.04%	0.01%
D	C	0.05%	0.23%	0.05%
DAL	C	0.04%	0.21%	0.04%
DAY	B	0.01%	0.01%	0.01%
DD	D	0.04%	0.16%	0.04%
DE	A	0.11%	0.07%	0.07%
DECK	A	0.03%	0.02%	0.02%
DELL	C	0.04%	0.45%	0.04%
DFS	B	0.05%	0.08%	0.05%
DG	F	0.02%	0.08%	0.02%
DGX	A	0.02%	0.01%	0.01%
DHI	D	0.05%	0.03%	0.03%
DHR	F	0.17%	0.32%	0.17%
DIS	B	0.21%	0.45%	0.21%
DLR	B	0.06%	0.04%	0.04%
DLTR	F	0.01%	0.01%	0.01%
DOC	D	0.02%	0.01%	0.01%
DOV	A	0.03%	0.14%	0.03%
DOW	F	0.03%	0.02%	0.02%
DPZ	C	0.02%	0.01%	0.01%
DRI	B	0.02%	0.01%	0.01%
DTE	C	0.03%	0.02%	0.02%
DUK	C	0.09%	0.06%	0.06%
DVA	B	0.01%	0.06%	0.01%
DVN	F	0.03%	0.02%	0.02%
DXCM	D	0.03%	0.02%	0.02%
EA	A	0.04%	0.08%	0.04%
EBAY	D	0.03%	0.17%	0.03%
ECL	D	0.07%	0.04%	0.04%
ED	D	0.04%	0.02%	0.02%
EFX	F	0.03%	0.02%	0.02%
EG	C	0.02%	0.01%	0.01%
EIX	B	0.03%	0.02%	0.02%
EL	F	0.02%	0.01%	0.01%
ELV	F	0.1%	0.43%	0.1%
EMN	D	0.01%	0.06%	0.01%
EMR	A	0.08%	0.35%	0.08%
ENPH	F	0.01%	0.0%	0.0%
EOG	A	0.08%	0.05%	0.05%
EPAM	C	0.02%	0.06%	0.02%
EQIX	A	0.09%	0.05%	0.05%
EQR	B	0.03%	0.02%	0.02%
EQT	B	0.03%	0.02%	0.02%
ERIE	D	0.01%	0.01%	0.01%
ES	D	0.02%	0.01%	0.01%
ESS	B	0.02%	0.01%	0.01%
ETN	A	0.16%	0.09%	0.09%
ETR	B	0.03%	0.02%	0.02%
EVRG	A	0.02%	0.01%	0.01%
EW	C	0.04%	0.03%	0.03%
EXC	C	0.04%	0.03%	0.03%
EXPD	D	0.02%	0.01%	0.01%
EXPE	B	0.02%	0.11%	0.02%
EXR	D	0.04%	0.02%	0.02%
F	C	0.05%	0.03%	0.03%
FANG	D	0.04%	0.03%	0.03%
FAST	B	0.05%	0.03%	0.03%
FCX	D	0.07%	0.04%	0.04%
FDS	B	0.02%	0.01%	0.01%
FDX	B	0.07%	0.33%	0.07%
FE	C	0.02%	0.02%	0.02%
FFIV	B	0.02%	0.08%	0.02%
FI	A	0.13%	0.7%	0.13%
FICO	B	0.06%	0.03%	0.03%
FIS	C	0.05%	0.03%	0.03%
FITB	A	0.03%	0.06%	0.03%
FMC	D	0.01%	0.03%	0.01%
FOXA	B	0.01%	0.1%	0.01%
FRT	B	0.01%	0.01%	0.01%
FSLR	F	0.02%	0.01%	0.01%
FTNT	C	0.06%	0.04%	0.04%
FTV	C	0.03%	0.02%	0.02%
GD	F	0.08%	0.36%	0.08%
GDDY	A	0.03%	0.02%	0.02%
GE	D	0.21%	1.01%	0.21%
GEHC	F	0.04%	0.03%	0.03%
GEN	B	0.02%	0.1%	0.02%
GEV	B	0.1%	0.06%	0.06%
GILD	C	0.12%	0.59%	0.12%
GIS	D	0.04%	0.02%	0.02%
GL	B	0.01%	0.01%	0.01%
GLW	B	0.04%	0.03%	0.03%
GM	B	0.07%	0.31%	0.07%
GNRC	B	0.01%	0.01%	0.01%
GOOGL	C	1.11%	4.49%	1.11%
GPC	D	0.02%	0.01%	0.01%
GPN	B	0.03%	0.02%	0.02%
GRMN	B	0.03%	0.22%	0.03%
GS	A	0.2%	0.4%	0.2%
GWW	B	0.06%	0.11%	0.06%
HAL	C	0.03%	0.13%	0.03%
HAS	D	0.01%	0.01%	0.01%
HBAN	A	0.03%	0.02%	0.02%
HCA	F	0.07%	0.41%	0.07%
HD	A	0.43%	0.69%	0.43%
HES	B	0.04%	0.03%	0.03%
HIG	B	0.04%	0.16%	0.04%
HII	D	0.01%	0.0%	0.0%
HLT	A	0.07%	0.04%	0.04%
HOLX	D	0.02%	0.09%	0.02%
HON	B	0.16%	0.54%	0.16%
HPE	B	0.03%	0.13%	0.03%
HPQ	B	0.04%	0.2%	0.04%
HRL	D	0.01%	0.01%	0.01%
HSIC	B	0.01%	0.01%	0.01%
HST	C	0.01%	0.01%	0.01%
HSY	F	0.03%	0.02%	0.02%
HUBB	B	0.03%	0.01%	0.01%
HUM	C	0.04%	0.17%	0.04%
HWM	A	0.05%	0.03%	0.03%
IBM	C	0.21%	0.13%	0.13%
ICE	C	0.1%	0.15%	0.1%
IDXX	F	0.04%	0.02%	0.02%
IEX	B	0.02%	0.01%	0.01%
IFF	D	0.02%	0.01%	0.01%
INCY	C	0.01%	0.02%	0.01%
INTC	D	0.12%	0.07%	0.07%
INTU	C	0.21%	0.11%	0.11%
INVH	D	0.02%	0.01%	0.01%
IP	B	0.02%	0.1%	0.02%
IPG	D	0.01%	0.05%	0.01%
IQV	D	0.04%	0.02%	0.02%
IR	B	0.04%	0.03%	0.03%
IRM	D	0.04%	0.02%	0.02%
ISRG	A	0.21%	0.11%	0.11%
IT	C	0.04%	0.02%	0.02%
ITW	B	0.08%	0.34%	0.08%
IVZ	B	0.01%	0.01%	0.01%
J	F	0.02%	0.08%	0.02%
JBHT	C	0.02%	0.01%	0.01%
JBL	B	0.02%	0.08%	0.02%
JCI	C	0.06%	0.26%	0.06%
JKHY	D	0.01%	0.01%	0.01%
JNJ	D	0.39%	1.06%	0.39%
JNPR	F	0.01%	0.01%	0.01%
JPM	A	0.74%	1.44%	0.74%
K	A	0.02%	0.03%	0.02%
KDP	D	0.04%	0.21%	0.04%
KEY	B	0.02%	0.03%	0.02%
KEYS	A	0.03%	0.02%	0.02%
KHC	F	0.03%	0.2%	0.03%
KIM	A	0.02%	0.01%	0.01%
KKR	A	0.11%	0.28%	0.11%
KLAC	D	0.09%	0.39%	0.09%
KMB	D	0.05%	0.26%	0.05%
KMI	A	0.06%	0.04%	0.04%
KMX	B	0.01%	0.01%	0.01%
KO	D	0.26%	0.4%	0.26%
KR	B	0.04%	0.22%	0.04%
KVUE	A	0.05%	0.03%	0.03%
L	A	0.02%	0.09%	0.02%
LDOS	C	0.02%	0.12%	0.02%
LEN	D	0.04%	0.09%	0.04%
LH	C	0.02%	0.01%	0.01%
LHX	C	0.05%	0.22%	0.05%
LIN	D	0.23%	0.14%	0.14%
LKQ	D	0.01%	0.05%	0.01%
LLY	F	0.67%	0.44%	0.44%
LMT	D	0.12%	0.53%	0.12%
LNT	A	0.02%	0.01%	0.01%
LOW	D	0.17%	0.79%	0.17%
LRCX	F	0.11%	0.43%	0.11%
LULU	C	0.04%	0.2%	0.04%
LUV	C	0.02%	0.01%	0.01%
LVS	C	0.02%	0.16%	0.02%
LW	C	0.01%	0.01%	0.01%
LYB	F	0.02%	0.13%	0.02%
LYV	A	0.02%	0.02%	0.02%
MA	C	0.46%	0.89%	0.46%
MAA	B	0.02%	0.01%	0.01%
MAR	B	0.07%	0.29%	0.07%
MAS	D	0.02%	0.08%	0.02%
MCD	D	0.23%	0.14%	0.14%
MCHP	D	0.04%	0.02%	0.02%
MCK	B	0.09%	0.22%	0.09%
MCO	B	0.08%	0.05%	0.05%
MDLZ	F	0.09%	0.36%	0.09%
MDT	D	0.12%	0.07%	0.07%
MET	A	0.05%	0.13%	0.05%
META	D	1.36%	3.24%	1.36%
MGM	D	0.01%	0.01%	0.01%
MHK	D	0.01%	0.04%	0.01%
MKC	D	0.02%	0.01%	0.01%
MKTX	D	0.01%	0.0%	0.0%
MLM	B	0.04%	0.02%	0.02%
MMC	B	0.12%	0.51%	0.12%
MMM	D	0.08%	0.37%	0.08%
MNST	C	0.04%	0.04%	0.04%
MO	A	0.1%	0.54%	0.1%
MOH	F	0.02%	0.08%	0.02%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.06%	0.03%	0.03%
MPWR	F	0.03%	0.02%	0.02%
MRK	F	0.27%	1.17%	0.27%
MRNA	F	0.01%	0.01%	0.01%
MRO	B	0.02%	0.06%	0.02%
MS	A	0.18%	0.4%	0.18%
MSCI	C	0.05%	0.03%	0.03%
MSFT	F	3.42%	6.96%	3.42%
MSI	B	0.09%	0.05%	0.05%
MTB	A	0.04%	0.06%	0.04%
MTCH	D	0.01%	0.04%	0.01%
MTD	D	0.03%	0.01%	0.01%
MU	D	0.12%	0.21%	0.12%
NCLH	B	0.01%	0.01%	0.01%
NDAQ	A	0.03%	0.03%	0.03%
NDSN	B	0.02%	0.01%	0.01%
NEE	D	0.17%	0.1%	0.1%
NEM	D	0.05%	0.03%	0.03%
NFLX	A	0.39%	0.25%	0.25%
NI	A	0.02%	0.01%	0.01%
NKE	D	0.1%	0.38%	0.1%
NOC	D	0.07%	0.14%	0.07%
NOW	A	0.23%	0.12%	0.12%
NRG	B	0.02%	0.11%	0.02%
NSC	B	0.06%	0.04%	0.04%
NTAP	C	0.03%	0.14%	0.03%
NTRS	A	0.02%	0.04%	0.02%
NUE	C	0.04%	0.02%	0.02%
NVDA	C	3.89%	6.55%	3.89%
NVR	D	0.03%	0.02%	0.02%
NWSA	B	0.01%	0.01%	0.01%
NXPI	D	0.06%	0.04%	0.04%
O	D	0.05%	0.03%	0.03%
ODFL	B	0.05%	0.03%	0.03%
OKE	A	0.07%	0.13%	0.07%
OMC	C	0.02%	0.11%	0.02%
ON	D	0.03%	0.02%	0.02%
ORCL	B	0.32%	0.34%	0.32%
ORLY	B	0.08%	0.04%	0.04%
OTIS	C	0.04%	0.19%	0.04%
OXY	D	0.04%	0.04%	0.04%
PANW	C	0.14%	0.08%	0.08%
PARA	C	0.01%	0.0%	0.0%
PAYC	B	0.01%	0.01%	0.01%
PAYX	C	0.05%	0.03%	0.03%
PCAR	B	0.07%	0.04%	0.04%
PCG	A	0.05%	0.08%	0.05%
PEG	A	0.05%	0.03%	0.03%
PEP	F	0.24%	0.32%	0.24%
PFE	D	0.16%	0.09%	0.09%
PFG	D	0.02%	0.01%	0.01%
PG	A	0.42%	0.32%	0.32%
PGR	A	0.16%	0.13%	0.13%
PH	A	0.1%	0.06%	0.06%
PHM	D	0.03%	0.02%	0.02%
PKG	A	0.02%	0.01%	0.01%
PLD	D	0.11%	0.07%	0.07%
PLTR	B	0.13%	0.1%	0.1%
PM	B	0.21%	1.05%	0.21%
PNC	B	0.09%	0.15%	0.09%
PNR	A	0.02%	0.08%	0.02%
PNW	B	0.01%	0.0%	0.0%
PODD	C	0.02%	0.01%	0.01%
POOL	C	0.01%	0.01%	0.01%
PPG	F	0.03%	0.13%	0.03%
PPL	B	0.03%	0.02%	0.02%
PRU	A	0.05%	0.21%	0.05%
PSA	D	0.06%	0.03%	0.03%
PSX	C	0.06%	0.07%	0.06%
PTC	A	0.02%	0.01%	0.01%
PWR	A	0.05%	0.03%	0.03%
PYPL	B	0.09%	0.4%	0.09%
QCOM	F	0.2%	0.92%	0.2%
QRVO	F	0.01%	0.03%	0.01%
RCL	A	0.06%	0.04%	0.04%
REG	B	0.01%	0.01%	0.01%
REGN	F	0.09%	0.05%	0.05%
RF	A	0.03%	0.02%	0.02%
RJF	A	0.03%	0.03%	0.03%
RL	B	0.01%	0.07%	0.01%
RMD	C	0.04%	0.02%	0.02%
ROK	B	0.04%	0.02%	0.02%
ROL	B	0.02%	0.02%	0.02%
ROP	B	0.07%	0.11%	0.07%
ROST	C	0.05%	0.25%	0.05%
RSG	A	0.05%	0.04%	0.04%
RTX	C	0.17%	0.11%	0.11%
RVTY	F	0.02%	0.01%	0.01%
SBAC	D	0.03%	0.01%	0.01%
SBUX	A	0.12%	0.07%	0.07%
SCHW	B	0.13%	0.23%	0.13%
SHW	A	0.1%	0.06%	0.06%
SJM	D	0.01%	0.01%	0.01%
SLB	C	0.07%	0.29%	0.07%
SMCI	F	0.01%	0.05%	0.01%
SNA	A	0.02%	0.1%	0.02%
SNPS	B	0.09%	0.05%	0.05%
SO	D	0.1%	0.06%	0.06%
SOLV	C	0.01%	0.06%	0.01%
SPG	B	0.06%	0.04%	0.04%
SPGI	C	0.18%	0.1%	0.1%
SRE	A	0.06%	0.04%	0.04%
STE	F	0.02%	0.01%	0.01%
STLD	B	0.02%	0.01%	0.01%
STT	A	0.03%	0.05%	0.03%
STX	D	0.02%	0.01%	0.01%
STZ	D	0.04%	0.21%	0.04%
SW	A	0.03%	0.05%	0.03%
SWK	D	0.01%	0.06%	0.01%
SWKS	F	0.01%	0.01%	0.01%
SYF	B	0.03%	0.05%	0.03%
SYK	C	0.14%	0.09%	0.09%
SYY	B	0.04%	0.17%	0.04%
T	A	0.17%	0.47%	0.17%
TAP	C	0.01%	0.07%	0.01%
TDG	D	0.08%	0.04%	0.04%
TDY	B	0.02%	0.04%	0.02%
TECH	D	0.01%	0.01%	0.01%
TER	D	0.02%	0.01%	0.01%
TFC	A	0.07%	0.12%	0.07%
TFX	F	0.01%	0.0%	0.0%
TGT	F	0.08%	0.27%	0.08%
TJX	A	0.15%	0.22%	0.15%
TMO	F	0.22%	0.13%	0.13%
TMUS	B	0.13%	1.28%	0.13%
TPR	B	0.01%	0.07%	0.01%
TRGP	B	0.05%	0.03%	0.03%
TRMB	B	0.02%	0.01%	0.01%
TROW	B	0.03%	0.06%	0.03%
TRV	B	0.06%	0.28%	0.06%
TSCO	D	0.03%	0.02%	0.02%
TSLA	B	0.93%	1.14%	0.93%
TSN	B	0.02%	0.11%	0.02%
TT	A	0.1%	0.44%	0.1%
TTWO	A	0.03%	0.06%	0.03%
TXN	C	0.2%	0.12%	0.12%
TXT	D	0.02%	0.01%	0.01%
TYL	B	0.03%	0.01%	0.01%
UAL	A	0.03%	0.02%	0.02%
UBER	D	0.16%	0.09%	0.09%
UDR	B	0.01%	0.01%	0.01%
UHS	D	0.01%	0.07%	0.01%
ULTA	F	0.02%	0.01%	0.01%
UNH	C	0.59%	0.79%	0.59%
UNP	C	0.15%	0.42%	0.15%
UPS	C	0.1%	0.07%	0.07%
URI	B	0.06%	0.09%	0.06%
USB	A	0.08%	0.15%	0.08%
V	A	0.56%	1.42%	0.56%
VICI	C	0.04%	0.02%	0.02%
VLO	C	0.05%	0.21%	0.05%
VLTO	D	0.03%	0.09%	0.03%
VMC	B	0.04%	0.02%	0.02%
VRSK	A	0.04%	0.02%	0.02%
VRSN	F	0.02%	0.1%	0.02%
VRTX	F	0.13%	0.07%	0.07%
VST	B	0.05%	0.03%	0.03%
VTR	C	0.03%	0.02%	0.02%
VTRS	A	0.02%	0.07%	0.02%
VZ	C	0.19%	0.6%	0.19%
WAB	B	0.04%	0.18%	0.04%
WAT	B	0.02%	0.01%	0.01%
WBA	F	0.01%	0.04%	0.01%
WBD	C	0.02%	0.02%	0.02%
WDC	D	0.02%	0.01%	0.01%
WEC	A	0.03%	0.02%	0.02%
WELL	A	0.08%	0.06%	0.06%
WFC	A	0.27%	0.46%	0.27%
WM	A	0.09%	0.06%	0.06%
WMB	A	0.07%	0.05%	0.05%
WMT	A	0.4%	0.46%	0.4%
WRB	A	0.02%	0.02%	0.02%
WST	C	0.03%	0.01%	0.01%
WTW	B	0.03%	0.02%	0.02%
WY	D	0.02%	0.01%	0.01%
WYNN	D	0.01%	0.03%	0.01%
XEL	A	0.04%	0.03%	0.03%
XOM	B	0.58%	0.9%	0.58%
XYL	D	0.03%	0.02%	0.02%
YUM	B	0.04%	0.18%	0.04%
ZBH	C	0.02%	0.01%	0.01%
ZBRA	B	0.02%	0.09%	0.02%
ZTS	D	0.09%	0.05%	0.05%

PHDG Overweight 3 Positions Relative to GSPY

Symbol	Grade	Weight
GOOG	C	0.92%
FOX	A	0.01%
NWS	B	0.0%

PHDG Underweight 1 Positions Relative to GSPY

	Symbol	Grade	Weight
	BBWI	D	-0.0%