PHDG vs. NTSX ETF Comparison

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

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

$38.07

Average Daily Volume

14,069

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

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

$46.89

Average Daily Volume

64,822

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	NTSX
30 Days	1.47%	3.84%
60 Days	3.51%	6.50%
90 Days	2.41%	7.08%
12 Months	24.93%	35.54%

414 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in NTSX	Overlap
A	C	0.05%	0.05%	0.05%
AAPL	C	3.77%	4.17%	3.77%
ABBV	B	0.39%	0.41%	0.39%
ABNB	D	0.06%	0.1%	0.06%
ABT	C	0.23%	0.25%	0.23%
ADBE	F	0.27%	0.28%	0.27%
ADI	C	0.13%	0.14%	0.13%
ADM	D	0.04%	0.03%	0.03%
ADP	C	0.13%	0.14%	0.13%
ADSK	B	0.07%	0.07%	0.07%
AEE	B	0.03%	0.03%	0.03%
AEP	C	0.06%	0.06%	0.06%
AFL	A	0.06%	0.07%	0.06%
AIG	D	0.06%	0.07%	0.06%
AJG	D	0.07%	0.07%	0.07%
AKAM	D	0.02%	0.02%	0.02%
ALB	D	0.01%	0.0%	0.0%
ALGN	D	0.02%	0.01%	0.01%
ALL	C	0.06%	0.06%	0.06%
AMAT	D	0.19%	0.2%	0.19%
AMD	C	0.29%	0.31%	0.29%
AME	C	0.05%	0.05%	0.05%
AMGN	D	0.21%	0.21%	0.21%
AMP	B	0.05%	0.06%	0.05%
AMT	C	0.12%	0.11%	0.11%
AMZN	C	1.99%	2.33%	1.99%
ANET	C	0.11%	0.14%	0.11%
ANSS	D	0.03%	0.03%	0.03%
APD	B	0.07%	0.07%	0.07%
APH	C	0.09%	0.09%	0.09%
ARE	C	0.02%	0.01%	0.01%
ATO	B	0.02%	0.02%	0.02%
AVB	C	0.04%	0.03%	0.03%
AVGO	C	0.83%	0.91%	0.83%
AVY	C	0.02%	0.02%	0.02%
AWK	C	0.03%	0.02%	0.02%
AXON	B	0.03%	0.03%	0.03%
AXP	B	0.17%	0.22%	0.17%
AZO	B	0.06%	0.06%	0.06%
BA	F	0.1%	0.1%	0.1%
BAC	D	0.32%	0.38%	0.32%
BALL	C	0.02%	0.03%	0.02%
BAX	C	0.02%	0.03%	0.02%
BBY	A	0.02%	0.02%	0.02%
BDX	D	0.08%	0.09%	0.08%
BEN	F	0.01%	0.02%	0.01%
BIIB	F	0.03%	0.02%	0.02%
BK	B	0.06%	0.06%	0.06%
BKNG	B	0.16%	0.16%	0.16%
BKR	C	0.04%	0.04%	0.04%
BLDR	C	0.03%	0.03%	0.03%
BLK	B	0.15%	0.17%	0.15%
BMY	C	0.11%	0.1%	0.1%
BR	C	0.03%	0.03%	0.03%
BRK.A	C	0.95%	1.17%	0.95%
BRO	C	0.03%	0.03%	0.03%
BSX	B	0.14%	0.14%	0.14%
BX	C	0.13%	0.22%	0.13%
C	C	0.14%	0.12%	0.12%
CAG	B	0.02%	0.03%	0.02%
CAH	C	0.03%	0.03%	0.03%
CARR	B	0.08%	0.08%	0.08%
CAT	B	0.21%	0.22%	0.21%
CBRE	B	0.04%	0.04%	0.04%
CCI	C	0.06%	0.02%	0.02%
CDNS	D	0.09%	0.09%	0.09%
CDW	D	0.04%	0.04%	0.04%
CE	D	0.01%	0.03%	0.01%
CEG	C	0.08%	0.08%	0.08%
CF	B	0.02%	0.01%	0.01%
CFG	D	0.02%	0.02%	0.02%
CHD	C	0.03%	0.03%	0.03%
CHTR	D	0.04%	0.07%	0.04%
CI	C	0.12%	0.12%	0.12%
CINF	C	0.02%	0.03%	0.02%
CL	C	0.1%	0.09%	0.09%
CLX	C	0.02%	0.02%	0.02%
CMCSA	C	0.18%	0.16%	0.16%
CME	B	0.09%	0.1%	0.09%
CMG	D	0.09%	0.09%	0.09%
CMI	B	0.05%	0.05%	0.05%
CMS	B	0.02%	0.02%	0.02%
CNC	D	0.05%	0.05%	0.05%
CNP	C	0.02%	0.03%	0.02%
COF	B	0.07%	0.07%	0.07%
COP	F	0.15%	0.16%	0.15%
COST	C	0.46%	0.46%	0.46%
CPAY	B	0.03%	0.03%	0.03%
CPB	C	0.01%	0.01%	0.01%
CPRT	D	0.05%	0.06%	0.05%
CRM	C	0.3%	0.32%	0.3%
CRWD	D	0.07%	0.08%	0.07%
CSCO	B	0.24%	0.26%	0.24%
CSGP	D	0.04%	0.03%	0.03%
CSX	C	0.08%	0.09%	0.08%
CTAS	C	0.08%	0.09%	0.08%
CTRA	F	0.02%	0.0%	0.0%
CTSH	B	0.04%	0.05%	0.04%
CTVA	B	0.05%	0.05%	0.05%
CVS	D	0.08%	0.06%	0.06%
CVX	F	0.28%	0.32%	0.28%
D	C	0.06%	0.02%	0.02%
DAL	C	0.03%	0.05%	0.03%
DD	B	0.04%	0.04%	0.04%
DE	A	0.12%	0.14%	0.12%
DECK	C	0.03%	0.02%	0.02%
DFS	C	0.04%	0.04%	0.04%
DG	F	0.02%	0.0%	0.0%
DGX	B	0.02%	0.02%	0.02%
DHI	C	0.07%	0.07%	0.07%
DHR	B	0.21%	0.24%	0.21%
DIS	D	0.19%	0.15%	0.15%
DLR	B	0.06%	0.06%	0.06%
DLTR	F	0.02%	0.03%	0.02%
DOV	B	0.03%	0.03%	0.03%
DOW	C	0.04%	0.03%	0.03%
DPZ	D	0.02%	0.02%	0.02%
DRI	C	0.02%	0.04%	0.02%
DTE	A	0.03%	0.04%	0.03%
DUK	B	0.1%	0.11%	0.1%
DVN	F	0.03%	0.05%	0.03%
DXCM	F	0.03%	0.02%	0.02%
EA	D	0.04%	0.04%	0.04%
EBAY	B	0.04%	0.04%	0.04%
ECL	B	0.07%	0.08%	0.07%
ED	B	0.04%	0.04%	0.04%
EFX	C	0.04%	0.04%	0.04%
EIX	B	0.04%	0.04%	0.04%
EL	D	0.02%	0.0%	0.0%
ELV	D	0.14%	0.15%	0.14%
EMR	D	0.07%	0.07%	0.07%
ENPH	D	0.02%	0.01%	0.01%
EOG	D	0.08%	0.09%	0.08%
EPAM	F	0.01%	0.0%	0.0%
EQIX	B	0.09%	0.1%	0.09%
EQR	C	0.03%	0.04%	0.03%
EQT	C	0.02%	0.01%	0.01%
ES	B	0.03%	0.01%	0.01%
ESS	C	0.02%	0.02%	0.02%
ETR	A	0.03%	0.03%	0.03%
EVRG	B	0.02%	0.04%	0.02%
EW	F	0.05%	0.05%	0.05%
EXC	B	0.04%	0.06%	0.04%
EXPD	B	0.02%	0.01%	0.01%
EXPE	C	0.02%	0.02%	0.02%
EXR	C	0.04%	0.04%	0.04%
F	F	0.05%	0.06%	0.05%
FANG	F	0.04%	0.04%	0.04%
FAST	C	0.05%	0.04%	0.04%
FCX	C	0.07%	0.08%	0.07%
FDS	C	0.02%	0.02%	0.02%
FDX	D	0.08%	0.09%	0.08%
FE	B	0.03%	0.03%	0.03%
FICO	B	0.05%	0.05%	0.05%
FIS	C	0.05%	0.07%	0.05%
FITB	B	0.03%	0.03%	0.03%
FOXA	B	0.01%	0.03%	0.01%
FSLR	C	0.03%	0.03%	0.03%
FTNT	B	0.05%	0.07%	0.05%
FTV	C	0.03%	0.04%	0.03%
GD	C	0.08%	0.09%	0.08%
GDDY	C	0.03%	0.02%	0.02%
GE	C	0.23%	0.23%	0.23%
GEHC	B	0.04%	0.05%	0.04%
GEV	B	0.08%	0.08%	0.08%
GILD	B	0.12%	0.13%	0.12%
GIS	B	0.05%	0.05%	0.05%
GLW	B	0.04%	0.04%	0.04%
GM	C	0.06%	0.07%	0.06%
GOOGL	D	1.09%	2.43%	1.09%
GPC	D	0.02%	0.03%	0.02%
GPN	D	0.03%	0.02%	0.02%
GS	B	0.19%	0.19%	0.19%
GWW	B	0.05%	0.05%	0.05%
HAL	F	0.03%	0.04%	0.03%
HBAN	B	0.02%	0.02%	0.02%
HCA	B	0.09%	0.12%	0.09%
HD	B	0.44%	0.45%	0.44%
HES	F	0.04%	0.05%	0.04%
HIG	B	0.04%	0.04%	0.04%
HLT	B	0.06%	0.07%	0.06%
HOLX	D	0.02%	0.02%	0.02%
HON	C	0.15%	0.15%	0.15%
HPE	C	0.03%	0.03%	0.03%
HPQ	C	0.03%	0.04%	0.03%
HRL	F	0.01%	0.03%	0.01%
HST	D	0.01%	0.02%	0.01%
HSY	D	0.03%	0.05%	0.03%
HUBB	B	0.03%	0.02%	0.02%
HUM	F	0.04%	0.03%	0.03%
HWM	B	0.04%	0.05%	0.04%
IBM	B	0.22%	0.23%	0.22%
ICE	C	0.1%	0.1%	0.1%
IDXX	D	0.05%	0.05%	0.05%
IEX	C	0.02%	0.01%	0.01%
IFF	A	0.03%	0.01%	0.01%
INCY	C	0.01%	0.03%	0.01%
INTC	D	0.1%	0.08%	0.08%
INTU	D	0.21%	0.23%	0.21%
INVH	D	0.02%	0.03%	0.02%
IP	C	0.02%	0.02%	0.02%
IPG	C	0.01%	0.02%	0.01%
IQV	D	0.05%	0.06%	0.05%
IR	B	0.04%	0.05%	0.04%
IRM	C	0.04%	0.04%	0.04%
ISRG	C	0.2%	0.2%	0.2%
IT	C	0.05%	0.05%	0.05%
ITW	B	0.08%	0.09%	0.08%
J	A	0.02%	0.02%	0.02%
JBHT	D	0.02%	0.01%	0.01%
JBL	C	0.02%	0.02%	0.02%
JNJ	C	0.45%	0.46%	0.45%
JPM	D	0.69%	0.71%	0.69%
K	A	0.02%	0.03%	0.02%
KDP	B	0.04%	0.06%	0.04%
KEY	C	0.02%	0.02%	0.02%
KEYS	B	0.03%	0.03%	0.03%
KHC	C	0.03%	0.03%	0.03%
KIM	C	0.02%	0.02%	0.02%
KKR	B	0.1%	0.14%	0.1%
KLAC	D	0.12%	0.12%	0.12%
KMB	C	0.05%	0.06%	0.05%
KMI	C	0.05%	0.05%	0.05%
KO	B	0.31%	0.35%	0.31%
KR	B	0.04%	0.04%	0.04%
KVUE	B	0.05%	0.05%	0.05%
L	D	0.02%	0.02%	0.02%
LDOS	A	0.02%	0.03%	0.02%
LEN	B	0.05%	0.07%	0.05%
LHX	C	0.05%	0.05%	0.05%
LKQ	F	0.01%	0.02%	0.01%
LLY	D	0.83%	1.02%	0.83%
LMT	A	0.14%	0.16%	0.14%
LNT	A	0.02%	0.02%	0.02%
LOW	B	0.17%	0.18%	0.17%
LRCX	D	0.12%	0.13%	0.12%
LUV	C	0.02%	0.01%	0.01%
LVS	C	0.02%	0.02%	0.02%
LW	D	0.01%	0.0%	0.0%
LYV	A	0.02%	0.04%	0.02%
MA	B	0.46%	0.56%	0.46%
MAA	C	0.02%	0.02%	0.02%
MAR	B	0.07%	0.08%	0.07%
MAS	B	0.02%	0.02%	0.02%
MCD	B	0.24%	0.25%	0.24%
MCHP	D	0.05%	0.06%	0.05%
MCK	F	0.08%	0.08%	0.08%
MCO	C	0.09%	0.09%	0.09%
MDLZ	C	0.11%	0.13%	0.11%
MET	B	0.06%	0.08%	0.06%
META	B	1.4%	1.71%	1.4%
MGM	D	0.01%	0.03%	0.01%
MKC	C	0.02%	0.03%	0.02%
MLM	D	0.04%	0.04%	0.04%
MMC	C	0.13%	0.13%	0.13%
MMM	B	0.08%	0.09%	0.08%
MNST	D	0.04%	0.07%	0.04%
MO	C	0.1%	0.1%	0.1%
MOH	D	0.02%	0.03%	0.02%
MOS	F	0.01%	0.02%	0.01%
MPC	F	0.07%	0.08%	0.07%
MPWR	B	0.05%	0.05%	0.05%
MRK	F	0.34%	0.35%	0.34%
MRNA	F	0.03%	0.02%	0.02%
MRO	D	0.02%	0.02%	0.02%
MS	B	0.14%	0.2%	0.14%
MSCI	C	0.05%	0.05%	0.05%
MSFT	C	3.72%	3.91%	3.72%
MSI	B	0.08%	0.08%	0.08%
MTB	C	0.03%	0.03%	0.03%
MTD	C	0.04%	0.04%	0.04%
MU	D	0.11%	0.12%	0.11%
NDAQ	C	0.04%	0.05%	0.04%
NDSN	C	0.02%	0.02%	0.02%
NEE	B	0.19%	0.19%	0.19%
NEM	C	0.07%	0.07%	0.07%
NFLX	B	0.35%	0.37%	0.35%
NKE	D	0.11%	0.14%	0.11%
NOC	B	0.08%	0.09%	0.08%
NOW	C	0.22%	0.22%	0.22%
NSC	C	0.06%	0.07%	0.06%
NTAP	D	0.03%	0.03%	0.03%
NTRS	C	0.02%	0.03%	0.02%
NUE	D	0.04%	0.05%	0.04%
NVDA	C	3.31%	3.49%	3.31%
NVR	B	0.03%	0.03%	0.03%
NWSA	D	0.01%	0.02%	0.01%
O	B	0.06%	0.07%	0.06%
ODFL	D	0.04%	0.05%	0.04%
OKE	C	0.06%	0.07%	0.06%
OMC	B	0.02%	0.03%	0.02%
ON	D	0.04%	0.04%	0.04%
ORCL	B	0.31%	0.54%	0.31%
ORLY	B	0.08%	0.08%	0.08%
OTIS	B	0.04%	0.04%	0.04%
OXY	F	0.04%	0.06%	0.04%
PANW	D	0.12%	0.13%	0.12%
PAYX	C	0.05%	0.06%	0.05%
PCAR	D	0.06%	0.06%	0.06%
PCG	C	0.05%	0.05%	0.05%
PEG	B	0.05%	0.05%	0.05%
PEP	D	0.27%	0.27%	0.27%
PFE	D	0.19%	0.15%	0.15%
PFG	B	0.02%	0.03%	0.02%
PG	C	0.46%	0.49%	0.46%
PGR	C	0.17%	0.17%	0.17%
PH	B	0.09%	0.1%	0.09%
PHM	B	0.03%	0.03%	0.03%
PKG	B	0.02%	0.02%	0.02%
PLD	C	0.14%	0.12%	0.12%
PM	C	0.21%	0.21%	0.21%
PNC	C	0.09%	0.08%	0.08%
PODD	C	0.02%	0.02%	0.02%
POOL	C	0.02%	0.02%	0.02%
PPG	C	0.03%	0.05%	0.03%
PPL	A	0.03%	0.03%	0.03%
PRU	C	0.05%	0.06%	0.05%
PSA	C	0.06%	0.07%	0.06%
PSX	F	0.06%	0.07%	0.06%
PTC	C	0.02%	0.02%	0.02%
PWR	B	0.05%	0.05%	0.05%
PYPL	B	0.09%	0.05%	0.05%
QCOM	D	0.22%	0.23%	0.22%
REGN	D	0.14%	0.15%	0.14%
RF	B	0.02%	0.03%	0.02%
RJF	C	0.03%	0.03%	0.03%
RMD	C	0.04%	0.04%	0.04%
ROK	D	0.03%	0.04%	0.03%
ROL	C	0.02%	0.03%	0.02%
ROP	C	0.07%	0.06%	0.06%
ROST	C	0.06%	0.06%	0.06%
RSG	D	0.05%	0.06%	0.05%
RTX	B	0.18%	0.2%	0.18%
SBAC	C	0.03%	0.01%	0.01%
SBUX	C	0.13%	0.13%	0.13%
SCHW	D	0.11%	0.13%	0.11%
SHW	B	0.1%	0.11%	0.1%
SJM	C	0.01%	0.01%	0.01%
SMCI	F	0.03%	0.01%	0.01%
SNA	B	0.02%	0.02%	0.02%
SNPS	F	0.09%	0.09%	0.09%
SO	B	0.11%	0.12%	0.11%
SOLV	D	0.01%	0.02%	0.01%
SPG	B	0.06%	0.07%	0.06%
SPGI	C	0.19%	0.2%	0.19%
SRE	B	0.06%	0.07%	0.06%
STLD	C	0.02%	0.02%	0.02%
STT	B	0.03%	0.03%	0.03%
STZ	C	0.05%	0.06%	0.05%
SWK	B	0.02%	0.02%	0.02%
SWKS	F	0.02%	0.01%	0.01%
SYF	C	0.02%	0.02%	0.02%
SYK	C	0.14%	0.17%	0.14%
SYY	C	0.04%	0.05%	0.04%
T	B	0.17%	0.17%	0.17%
TAP	D	0.01%	0.02%	0.01%
TDG	B	0.09%	0.09%	0.09%
TDY	B	0.02%	0.03%	0.02%
TER	C	0.02%	0.02%	0.02%
TFC	D	0.07%	0.07%	0.07%
TGT	C	0.08%	0.06%	0.06%
TJX	C	0.15%	0.16%	0.15%
TMO	B	0.27%	0.3%	0.27%
TMUS	B	0.12%	0.29%	0.12%
TRGP	C	0.04%	0.04%	0.04%
TROW	C	0.03%	0.04%	0.03%
TRV	C	0.06%	0.06%	0.06%
TSCO	B	0.03%	0.03%	0.03%
TSLA	C	0.77%	0.93%	0.77%
TSN	D	0.02%	0.03%	0.02%
TTWO	D	0.03%	0.03%	0.03%
TXN	B	0.22%	0.21%	0.21%
TXT	D	0.02%	0.02%	0.02%
TYL	C	0.03%	0.03%	0.03%
UAL	B	0.02%	0.03%	0.02%
UBER	C	0.18%	0.18%	0.18%
ULTA	D	0.02%	0.03%	0.02%
UNH	C	0.61%	0.63%	0.61%
UNP	D	0.17%	0.17%	0.17%
UPS	D	0.11%	0.14%	0.11%
URI	B	0.06%	0.06%	0.06%
USB	C	0.08%	0.06%	0.06%
V	C	0.51%	0.71%	0.51%
VICI	C	0.04%	0.05%	0.04%
VLO	F	0.05%	0.05%	0.05%
VLTO	B	0.03%	0.03%	0.03%
VMC	C	0.04%	0.04%	0.04%
VRSK	D	0.04%	0.05%	0.04%
VRSN	C	0.02%	0.01%	0.01%
VRTX	D	0.14%	0.15%	0.14%
VST	B	0.03%	0.03%	0.03%
VTR	C	0.03%	0.03%	0.03%
VZ	A	0.21%	0.18%	0.18%
WAB	B	0.04%	0.04%	0.04%
WAT	B	0.02%	0.02%	0.02%
WBA	F	0.01%	0.02%	0.01%
WBD	D	0.02%	0.01%	0.01%
WDC	C	0.02%	0.03%	0.02%
WEC	B	0.03%	0.04%	0.03%
WELL	C	0.09%	0.08%	0.08%
WFC	D	0.22%	0.24%	0.22%
WM	D	0.09%	0.09%	0.09%
WMB	C	0.06%	0.06%	0.06%
WMT	B	0.38%	0.73%	0.38%
WRB	D	0.02%	0.02%	0.02%
WST	D	0.03%	0.03%	0.03%
WY	C	0.03%	0.02%	0.02%
XEL	B	0.04%	0.03%	0.03%
XOM	D	0.59%	0.62%	0.59%
XYL	C	0.04%	0.04%	0.04%
YUM	B	0.04%	0.04%	0.04%
ZBH	F	0.03%	0.01%	0.01%
ZBRA	B	0.02%	0.03%	0.02%
ZTS	B	0.1%	0.11%	0.1%

PHDG Overweight 82 Positions Relative to NTSX

Symbol	Grade	Weight
GOOG	D	0.91%
LIN	B	0.26%
ACN	C	0.24%
ETN	C	0.15%
MDT	B	0.14%
CB	B	0.13%
TT	B	0.1%
AON	B	0.09%
NXPI	D	0.07%
SLB	F	0.07%
JCI	B	0.06%
RCL	B	0.05%
ACGL	B	0.05%
TEL	D	0.05%
LULU	D	0.04%
STE	B	0.03%
LYB	D	0.03%
SW	B	0.03%
GRMN	D	0.03%
WTW	B	0.03%
AES	C	0.02%
CPT	C	0.02%
UDR	C	0.02%
VTRS	D	0.02%
UHS	C	0.02%
BG	F	0.02%
TRMB	C	0.02%
NI	B	0.02%
DOC	B	0.02%
PNR	B	0.02%
AMCR	B	0.02%
EG	B	0.02%
NRG	B	0.02%
CCL	C	0.02%
APTV	D	0.02%
STX	B	0.02%
CBOE	C	0.02%
FOX	B	0.01%
PARA	D	0.01%
ETSY	D	0.01%
BBWI	D	0.01%
BIO	C	0.01%
RL	B	0.01%
AAL	D	0.01%
WYNN	C	0.01%
BWA	C	0.01%
IVZ	B	0.01%
FMC	B	0.01%
PAYC	D	0.01%
MHK	B	0.01%
DVA	B	0.01%
FRT	C	0.01%
NCLH	B	0.01%
GNRC	D	0.01%
CZR	C	0.01%
GL	D	0.01%
APA	F	0.01%
HSIC	C	0.01%
HAS	B	0.01%
DAY	D	0.01%
MTCH	C	0.01%
TPR	A	0.01%
MKTX	D	0.01%
QRVO	F	0.01%
AIZ	B	0.01%
PNW	C	0.01%
AOS	B	0.01%
HII	F	0.01%
CRL	F	0.01%
CTLT	B	0.01%
TFX	B	0.01%
REG	C	0.01%
BXP	C	0.01%
CHRW	B	0.01%
KMX	D	0.01%
ALLE	B	0.01%
JNPR	A	0.01%
TECH	C	0.01%
FFIV	B	0.01%
EMN	B	0.01%
JKHY	B	0.01%
NWS	D	0.0%

PHDG Underweight 76 Positions Relative to NTSX

Symbol	Grade	Weight
DELL	C	-0.11%
APO	B	-0.11%
PLTR	C	-0.1%
MRVL	D	-0.09%
SCCO	C	-0.09%
WDAY	D	-0.08%
TTD	B	-0.07%
ET	C	-0.06%
EPD	C	-0.06%
DASH	B	-0.06%
APP	C	-0.05%
CPNG	B	-0.05%
TEAM	D	-0.05%
HUBS	D	-0.04%
RBLX	C	-0.04%
VRT	C	-0.04%
HEI	C	-0.04%
ALNY	C	-0.04%
MPLX	B	-0.04%
VEEV	C	-0.04%
COIN	F	-0.04%
DDOG	D	-0.04%
WPC	C	-0.03%
WMG	D	-0.03%
TW	B	-0.03%
ZM	C	-0.03%
WLK	C	-0.03%
DKNG	C	-0.03%
SSNC	C	-0.03%
MKL	C	-0.03%
SUI	C	-0.03%
GLPI	C	-0.03%
FCNCA	D	-0.03%
ARES	B	-0.03%
SQ	D	-0.03%
ZS	F	-0.03%
NET	D	-0.03%
RS	D	-0.02%
ACM	B	-0.02%
LBRDK	C	-0.02%
MORN	C	-0.02%
MDB	D	-0.02%
WSO	C	-0.02%
AMH	D	-0.02%
RIVN	F	-0.02%
OVV	F	-0.02%
FNF	B	-0.02%
MANH	B	-0.02%
PINS	D	-0.02%
GGG	C	-0.02%
OC	C	-0.02%
ROKU	D	-0.02%
H	B	-0.02%
ELS	D	-0.02%
TWLO	C	-0.02%
BSY	C	-0.02%
BMRN	F	-0.02%
WSM	C	-0.02%
CRBG	C	-0.02%
LPLA	D	-0.02%
SNAP	D	-0.02%
BAH	B	-0.02%
LII	C	-0.02%
DT	C	-0.02%
SNOW	F	-0.02%
CSL	B	-0.02%
AGR	C	-0.02%
CG	C	-0.02%
AVTR	C	-0.02%
TPL	C	-0.02%
ERIE	B	-0.02%
ENTG	D	-0.02%
IOT	C	-0.02%
ILMN	D	-0.01%
RPM	B	-0.01%
ACI	F	-0.01%