PHDG vs. SFY ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to SoFi Select 500 ETF (SFY)

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

$37.72

Average Daily Volume

9,959

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

SFY

SoFi Select 500 ETF

SFY Description

The investment seeks to track the performance, before fees and expenses, of the Solactive SoFi US 500 Growth Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index follows a rules-based methodology that tracks the performance of 500 of the largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors.

Grade (RS Rating)

Last Trade

$20.22

Average Daily Volume

306,985

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	SFY
30 Days	4.49%	6.28%
60 Days	6.66%	11.19%
90 Days	4.86%	11.19%
12 Months	15.45%	30.06%

435 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in SFY	Overlap
A	D	0.05%	0.05%	0.05%
AAPL	A	4.29%	3.99%	3.99%
ABBV	C	0.42%	0.5%	0.42%
ABNB	B	0.09%	0.13%	0.09%
ABT	D	0.25%	0.21%	0.21%
ACGL	C	0.05%	0.1%	0.05%
ACN	C	0.27%	0.26%	0.26%
ADBE	B	0.33%	0.41%	0.33%
ADI	B	0.16%	0.12%	0.12%
ADM	C	0.05%	0.03%	0.03%
ADP	D	0.14%	0.14%	0.14%
ADSK	B	0.07%	0.09%	0.07%
AEE	D	0.03%	0.02%	0.02%
AEP	D	0.06%	0.06%	0.06%
AES	D	0.02%	0.04%	0.02%
AFL	B	0.07%	0.06%	0.06%
AIG	C	0.07%	0.05%	0.05%
AJG	A	0.08%	0.11%	0.08%
AKAM	F	0.02%	0.02%	0.02%
ALB	F	0.02%	0.02%	0.02%
ALGN	D	0.02%	0.03%	0.02%
ALL	D	0.06%	0.2%	0.06%
AMAT	B	0.27%	0.25%	0.25%
AMD	B	0.35%	0.82%	0.35%
AME	D	0.05%	0.05%	0.05%
AMGN	B	0.23%	0.24%	0.23%
AMP	B	0.06%	0.07%	0.06%
AMT	B	0.13%	0.14%	0.13%
AMZN	A	2.47%	9.45%	2.47%
ANET	A	0.12%	0.25%	0.12%
ANSS	C	0.04%	0.04%	0.04%
AON	C	0.09%	0.09%	0.09%
APD	D	0.08%	0.07%	0.07%
APH	B	0.11%	0.1%	0.1%
ARE	C	0.03%	0.06%	0.03%
ATO	C	0.02%	0.02%	0.02%
AVB	B	0.04%	0.04%	0.04%
AVGO	B	0.97%	1.34%	0.97%
AVY	D	0.03%	0.02%	0.02%
AWK	C	0.04%	0.04%	0.04%
AXON	C	0.03%	0.05%	0.03%
AXP	C	0.18%	0.29%	0.18%
AZO	C	0.07%	0.07%	0.07%
BA	C	0.14%	0.26%	0.14%
BAC	A	0.37%	0.82%	0.37%
BALL	D	0.03%	0.02%	0.02%
BAX	F	0.02%	0.07%	0.02%
BBY	C	0.02%	0.02%	0.02%
BDX	F	0.09%	0.11%	0.09%
BEN	D	0.01%	0.02%	0.01%
BG	B	0.02%	0.02%	0.02%
BIIB	C	0.05%	0.04%	0.04%
BK	A	0.06%	0.14%	0.06%
BKNG	B	0.19%	0.28%	0.19%
BKR	B	0.05%	0.11%	0.05%
BLDR	F	0.02%	0.01%	0.01%
BLK	B	0.15%	0.17%	0.15%
BMY	F	0.12%	0.11%	0.11%
BR	B	0.03%	0.04%	0.03%
BRK.A	D	1.04%	1.7%	1.04%
BRO	B	0.03%	0.05%	0.03%
BSX	B	0.16%	0.24%	0.16%
BX	C	0.12%	0.1%	0.1%
C	A	0.16%	0.33%	0.16%
CAG	D	0.02%	0.02%	0.02%
CAH	D	0.03%	0.06%	0.03%
CARR	B	0.07%	0.07%	0.07%
CAT	C	0.22%	0.28%	0.22%
CB	C	0.15%	0.2%	0.15%
CBOE	D	0.03%	0.03%	0.03%
CBRE	C	0.04%	0.03%	0.03%
CCI	D	0.06%	0.05%	0.05%
CCL	C	0.03%	0.12%	0.03%
CDNS	B	0.12%	0.16%	0.12%
CDW	D	0.04%	0.04%	0.04%
CE	F	0.02%	0.02%	0.02%
CEG	C	0.09%	0.24%	0.09%
CF	F	0.02%	0.01%	0.01%
CFG	B	0.02%	0.03%	0.02%
CHD	D	0.04%	0.04%	0.04%
CHTR	C	0.04%	0.05%	0.04%
CI	D	0.14%	0.13%	0.13%
CINF	B	0.03%	0.07%	0.03%
CL	B	0.11%	0.11%	0.11%
CLX	D	0.02%	0.06%	0.02%
CMCSA	D	0.21%	0.25%	0.21%
CME	D	0.1%	0.11%	0.1%
CMG	C	0.13%	0.14%	0.13%
CMI	D	0.05%	0.09%	0.05%
CMS	D	0.02%	0.02%	0.02%
CNC	D	0.05%	0.06%	0.05%
CNP	B	0.03%	0.02%	0.02%
COF	C	0.07%	0.09%	0.07%
COP	D	0.19%	0.12%	0.12%
COST	A	0.53%	0.51%	0.51%
CPAY	D	0.03%	0.03%	0.03%
CPB	B	0.01%	0.02%	0.01%
CPRT	C	0.07%	0.08%	0.07%
CRM	C	0.33%	1.2%	0.33%
CRWD	A	0.12%	0.52%	0.12%
CSCO	D	0.27%	0.28%	0.27%
CSGP	F	0.04%	0.04%	0.04%
CSX	D	0.09%	0.08%	0.08%
CTAS	B	0.08%	0.1%	0.08%
CTRA	D	0.03%	0.02%	0.02%
CTSH	C	0.05%	0.04%	0.04%
CTVA	D	0.05%	0.05%	0.05%
CVS	D	0.11%	0.16%	0.11%
CVX	D	0.38%	0.28%	0.28%
D	C	0.06%	0.04%	0.04%
DAL	D	0.04%	0.07%	0.04%
DD	B	0.05%	0.04%	0.04%
DE	F	0.14%	0.15%	0.14%
DECK	C	0.04%	0.04%	0.04%
DFS	A	0.04%	0.07%	0.04%
DG	F	0.04%	0.04%	0.04%
DGX	C	0.02%	0.02%	0.02%
DHI	D	0.06%	0.07%	0.06%
DHR	D	0.23%	0.18%	0.18%
DIS	F	0.26%	0.33%	0.26%
DLR	A	0.07%	0.09%	0.07%
DLTR	F	0.03%	0.04%	0.03%
DOC	B	0.02%	0.02%	0.02%
DOV	D	0.03%	0.03%	0.03%
DOW	D	0.05%	0.04%	0.04%
DPZ	C	0.03%	0.02%	0.02%
DRI	D	0.03%	0.03%	0.03%
DTE	D	0.03%	0.02%	0.02%
DUK	D	0.11%	0.09%	0.09%
DVN	C	0.04%	0.03%	0.03%
DXCM	F	0.06%	0.1%	0.06%
EA	B	0.05%	0.05%	0.05%
EBAY	B	0.04%	0.06%	0.04%
ECL	B	0.09%	0.1%	0.09%
ED	D	0.04%	0.03%	0.03%
EFX	B	0.04%	0.04%	0.04%
EG	D	0.02%	0.04%	0.02%
EIX	D	0.04%	0.04%	0.04%
EL	F	0.04%	0.04%	0.04%
ELV	C	0.17%	0.18%	0.17%
EMN	D	0.02%	0.01%	0.01%
EMR	C	0.08%	0.07%	0.07%
ENPH	F	0.02%	0.01%	0.01%
EOG	C	0.1%	0.07%	0.07%
EPAM	D	0.01%	0.01%	0.01%
EQIX	D	0.1%	0.12%	0.1%
EQR	B	0.03%	0.03%	0.03%
ES	D	0.03%	0.04%	0.03%
ESS	B	0.02%	0.02%	0.02%
ETN	C	0.18%	0.2%	0.18%
ETR	D	0.03%	0.03%	0.03%
EVRG	D	0.02%	0.01%	0.01%
EW	B	0.08%	0.08%	0.08%
EXC	D	0.05%	0.05%	0.05%
EXPD	B	0.03%	0.02%	0.02%
EXPE	C	0.02%	0.03%	0.02%
EXR	B	0.05%	0.07%	0.05%
F	B	0.07%	0.12%	0.07%
FANG	A	0.05%	0.04%	0.04%
FAST	F	0.05%	0.05%	0.05%
FCX	C	0.1%	0.09%	0.09%
FDS	D	0.02%	0.02%	0.02%
FDX	B	0.09%	0.09%	0.09%
FE	C	0.03%	0.04%	0.03%
FICO	A	0.05%	0.06%	0.05%
FIS	B	0.06%	0.08%	0.06%
FITB	C	0.03%	0.05%	0.03%
FSLR	C	0.04%	0.14%	0.04%
FTNT	D	0.05%	0.09%	0.05%
FTV	D	0.04%	0.04%	0.04%
GD	D	0.09%	0.11%	0.09%
GDDY	A	0.03%	0.04%	0.03%
GE	C	0.24%	0.61%	0.24%
GEHC	D	0.05%	0.05%	0.05%
GEV	C	0.07%	0.12%	0.07%
GILD	C	0.12%	0.12%	0.12%
GIS	D	0.05%	0.04%	0.04%
GLW	B	0.04%	0.04%	0.04%
GM	B	0.07%	0.07%	0.07%
GOOG	A	1.26%	1.5%	1.26%
GOOGL	A	1.51%	1.55%	1.51%
GPC	F	0.03%	0.02%	0.02%
GPN	D	0.03%	0.12%	0.03%
GRMN	C	0.03%	0.04%	0.03%
GS	A	0.21%	0.42%	0.21%
GWW	C	0.06%	0.06%	0.06%
HAL	F	0.04%	0.05%	0.04%
HBAN	C	0.03%	0.04%	0.03%
HCA	B	0.09%	0.12%	0.09%
HD	C	0.47%	0.39%	0.39%
HES	C	0.06%	0.05%	0.05%
HIG	C	0.04%	0.05%	0.04%
HLT	A	0.07%	0.1%	0.07%
HOLX	C	0.02%	0.02%	0.02%
HON	B	0.2%	0.18%	0.18%
HPE	C	0.04%	0.04%	0.04%
HPQ	C	0.04%	0.04%	0.04%
HRL	F	0.01%	0.02%	0.01%
HST	D	0.02%	0.02%	0.02%
HSY	F	0.04%	0.04%	0.04%
HUBB	D	0.03%	0.03%	0.03%
HUM	C	0.06%	0.07%	0.06%
HWM	C	0.04%	0.06%	0.04%
IBM	B	0.22%	0.39%	0.22%
ICE	A	0.11%	0.12%	0.11%
IDXX	D	0.06%	0.06%	0.06%
IEX	F	0.02%	0.02%	0.02%
IFF	B	0.03%	0.03%	0.03%
INCY	C	0.02%	0.03%	0.02%
INTC	D	0.18%	0.21%	0.18%
INTU	B	0.25%	0.32%	0.25%
INVH	A	0.03%	0.03%	0.03%
IP	C	0.02%	0.02%	0.02%
IQV	F	0.05%	0.05%	0.05%
IR	D	0.05%	0.07%	0.05%
IRM	A	0.04%	0.04%	0.04%
ISRG	B	0.22%	0.28%	0.22%
IT	C	0.05%	0.05%	0.05%
ITW	D	0.09%	0.09%	0.09%
J	D	0.02%	0.03%	0.02%
JBHT	F	0.02%	0.02%	0.02%
JCI	D	0.06%	0.07%	0.06%
JKHY	C	0.02%	0.02%	0.02%
JNJ	F	0.49%	0.43%	0.43%
JPM	A	0.79%	1.6%	0.79%
K	D	0.02%	0.02%	0.02%
KDP	D	0.05%	0.06%	0.05%
KEY	C	0.02%	0.02%	0.02%
KEYS	F	0.03%	0.03%	0.03%
KHC	D	0.04%	0.05%	0.04%
KKR	C	0.1%	0.45%	0.1%
KLAC	B	0.15%	0.12%	0.12%
KMB	B	0.07%	0.05%	0.05%
KMI	A	0.05%	0.04%	0.04%
KMX	B	0.02%	0.01%	0.01%
KO	B	0.35%	0.36%	0.35%
KR	C	0.05%	0.05%	0.05%
KVUE	F	0.05%	0.05%	0.05%
LDOS	B	0.03%	0.04%	0.03%
LEN	D	0.05%	0.05%	0.05%
LHX	A	0.06%	0.07%	0.06%
LIN	C	0.3%	0.28%	0.28%
LKQ	F	0.02%	0.02%	0.02%
LLY	B	1.0%	1.69%	1.0%
LMT	B	0.14%	0.15%	0.14%
LNT	C	0.02%	0.01%	0.01%
LOW	D	0.18%	0.13%	0.13%
LRCX	A	0.19%	0.13%	0.13%
LUV	B	0.02%	0.03%	0.02%
LVS	F	0.02%	0.14%	0.02%
LW	F	0.02%	0.03%	0.02%
LYB	D	0.03%	0.03%	0.03%
LYV	C	0.02%	0.06%	0.02%
MA	D	0.52%	0.66%	0.52%
MAA	C	0.02%	0.02%	0.02%
MAR	C	0.08%	0.11%	0.08%
MAS	D	0.02%	0.02%	0.02%
MCD	F	0.26%	0.28%	0.26%
MCHP	C	0.07%	0.06%	0.06%
MCK	B	0.11%	0.11%	0.11%
MCO	A	0.09%	0.11%	0.09%
MDLZ	D	0.12%	0.15%	0.12%
MDT	D	0.15%	0.15%	0.15%
MET	D	0.06%	0.08%	0.06%
META	B	1.57%	2.65%	1.57%
MGM	B	0.02%	0.02%	0.02%
MKC	D	0.02%	0.02%	0.02%
MLM	D	0.05%	0.05%	0.05%
MMC	A	0.14%	0.16%	0.14%
MMM	B	0.08%	0.06%	0.06%
MNST	F	0.05%	0.09%	0.05%
MO	A	0.11%	0.09%	0.09%
MOH	F	0.02%	0.03%	0.02%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.09%	0.07%	0.07%
MPWR	A	0.05%	0.05%	0.05%
MRK	C	0.46%	1.28%	0.46%
MRNA	D	0.06%	0.03%	0.03%
MRO	B	0.02%	0.02%	0.02%
MS	B	0.17%	0.41%	0.17%
MSCI	C	0.05%	0.07%	0.05%
MSFT	A	4.69%	5.0%	4.69%
MSI	B	0.09%	0.1%	0.09%
MTB	B	0.03%	0.07%	0.03%
MTD	C	0.04%	0.03%	0.03%
MU	C	0.22%	0.15%	0.15%
NDAQ	C	0.03%	0.04%	0.03%
NEE	D	0.21%	0.17%	0.17%
NEM	B	0.07%	0.06%	0.06%
NFLX	A	0.41%	0.52%	0.41%
NKE	F	0.16%	0.15%	0.15%
NOC	D	0.08%	0.08%	0.08%
NOW	B	0.22%	0.6%	0.22%
NSC	D	0.07%	0.06%	0.06%
NTAP	A	0.04%	0.03%	0.03%
NTRS	B	0.02%	0.05%	0.02%
NUE	D	0.05%	0.04%	0.04%
NVDA	B	4.34%	16.04%	4.34%
NVR	D	0.04%	0.03%	0.03%
O	D	0.06%	0.08%	0.06%
ODFL	D	0.04%	0.05%	0.04%
OKE	A	0.07%	0.05%	0.05%
OMC	D	0.02%	0.02%	0.02%
ON	D	0.04%	0.03%	0.03%
ORCL	A	0.31%	0.65%	0.31%
ORLY	C	0.09%	0.1%	0.09%
OTIS	B	0.05%	0.05%	0.05%
OXY	D	0.06%	0.05%	0.05%
PANW	B	0.15%	0.49%	0.15%
PAYC	F	0.01%	0.02%	0.01%
PAYX	D	0.05%	0.06%	0.05%
PCAR	D	0.08%	0.11%	0.08%
PCG	D	0.05%	0.06%	0.05%
PEG	A	0.05%	0.04%	0.04%
PEP	D	0.32%	0.3%	0.3%
PFE	D	0.22%	0.23%	0.22%
PFG	D	0.02%	0.02%	0.02%
PG	C	0.55%	0.5%	0.5%
PGR	B	0.17%	0.45%	0.17%
PH	C	0.09%	0.12%	0.09%
PHM	D	0.03%	0.03%	0.03%
PKG	C	0.02%	0.02%	0.02%
PLD	C	0.14%	0.23%	0.14%
PM	B	0.22%	0.23%	0.22%
PNC	C	0.08%	0.13%	0.08%
PODD	C	0.02%	0.07%	0.02%
PPG	D	0.04%	0.04%	0.04%
PPL	D	0.03%	0.03%	0.03%
PRU	A	0.06%	0.08%	0.06%
PSA	B	0.06%	0.06%	0.06%
PSX	D	0.08%	0.06%	0.06%
PTC	B	0.03%	0.04%	0.03%
PWR	D	0.05%	0.07%	0.05%
PYPL	D	0.09%	0.1%	0.09%
QCOM	B	0.31%	0.22%	0.22%
QRVO	B	0.02%	0.02%	0.02%
RCL	B	0.05%	0.14%	0.05%
REGN	B	0.16%	0.16%	0.16%
RF	B	0.02%	0.03%	0.02%
RJF	D	0.03%	0.04%	0.03%
RMD	D	0.04%	0.04%	0.04%
ROK	D	0.04%	0.05%	0.04%
ROL	A	0.02%	0.04%	0.02%
ROP	B	0.08%	0.1%	0.08%
ROST	B	0.07%	0.07%	0.07%
RSG	A	0.06%	0.09%	0.06%
RTX	D	0.19%	0.2%	0.19%
SBAC	F	0.03%	0.03%	0.03%
SBUX	F	0.12%	0.16%	0.12%
SCHW	C	0.15%	0.19%	0.15%
SHW	D	0.1%	0.11%	0.1%
SJM	F	0.02%	0.04%	0.02%
SLB	C	0.09%	0.13%	0.09%
SMCI	C	0.06%	0.19%	0.06%
SNA	F	0.02%	0.02%	0.02%
SNPS	B	0.13%	0.18%	0.13%
SO	B	0.12%	0.08%	0.08%
SOLV	F	0.01%	0.01%	0.01%
SPG	B	0.07%	0.07%	0.07%
SPGI	B	0.2%	0.22%	0.2%
SRE	B	0.07%	0.06%	0.06%
STE	D	0.03%	0.1%	0.03%
STLD	D	0.03%	0.02%	0.02%
STT	C	0.03%	0.06%	0.03%
STX	B	0.03%	0.02%	0.02%
STZ	C	0.06%	0.21%	0.06%
SWK	F	0.02%	0.02%	0.02%
SWKS	C	0.02%	0.02%	0.02%
SYF	B	0.03%	0.04%	0.03%
SYK	C	0.16%	0.22%	0.16%
SYY	D	0.05%	0.05%	0.05%
T	B	0.19%	0.25%	0.19%
TDG	D	0.1%	0.15%	0.1%
TDY	D	0.03%	0.02%	0.02%
TER	A	0.03%	0.02%	0.02%
TFC	B	0.07%	0.16%	0.07%
TFX	D	0.01%	0.01%	0.01%
TGT	D	0.09%	0.09%	0.09%
TJX	B	0.18%	0.18%	0.18%
TMO	D	0.3%	0.24%	0.24%
TMUS	B	0.13%	0.37%	0.13%
TRGP	A	0.04%	0.03%	0.03%
TROW	C	0.04%	0.03%	0.03%
TRV	D	0.07%	0.08%	0.07%
TSCO	D	0.04%	0.03%	0.03%
TSLA	B	0.76%	0.82%	0.76%
TSN	D	0.02%	0.02%	0.02%
TT	B	0.1%	0.1%	0.1%
TTWO	C	0.03%	0.04%	0.03%
TXN	B	0.24%	0.16%	0.16%
TXT	D	0.02%	0.02%	0.02%
TYL	B	0.03%	0.03%	0.03%
UAL	D	0.02%	0.04%	0.02%
UBER	B	0.2%	0.34%	0.2%
UDR	B	0.02%	0.03%	0.02%
ULTA	D	0.03%	0.03%	0.03%
UNH	D	0.62%	0.71%	0.62%
UNP	D	0.19%	0.15%	0.15%
UPS	F	0.14%	0.1%	0.1%
URI	C	0.06%	0.08%	0.06%
USB	C	0.09%	0.16%	0.09%
V	D	0.6%	0.67%	0.6%
VICI	D	0.04%	0.08%	0.04%
VLO	C	0.07%	0.05%	0.05%
VLTO	D	0.03%	0.03%	0.03%
VMC	D	0.05%	0.05%	0.05%
VRSK	A	0.05%	0.05%	0.05%
VRSN	C	0.02%	0.03%	0.02%
VRTX	B	0.17%	0.19%	0.17%
VST	C	0.04%	0.04%	0.04%
VTR	A	0.03%	0.03%	0.03%
VTRS	F	0.02%	0.04%	0.02%
VZ	B	0.24%	0.21%	0.21%
WAB	D	0.04%	0.05%	0.04%
WAT	F	0.02%	0.02%	0.02%
WBA	F	0.02%	0.03%	0.02%
WBD	F	0.02%	0.04%	0.02%
WDC	B	0.03%	0.02%	0.02%
WEC	D	0.03%	0.03%	0.03%
WELL	A	0.08%	0.13%	0.08%
WFC	C	0.28%	0.55%	0.28%
WM	B	0.11%	0.11%	0.11%
WMB	A	0.07%	0.05%	0.05%
WMT	A	0.41%	0.8%	0.41%
WRB	C	0.02%	0.03%	0.02%
WST	F	0.03%	0.03%	0.03%
WTW	B	0.04%	0.04%	0.04%
WY	F	0.03%	0.02%	0.02%
XEL	D	0.04%	0.03%	0.03%
XOM	C	0.72%	0.51%	0.51%
XYL	D	0.05%	0.08%	0.05%
YUM	D	0.05%	0.05%	0.05%
ZBH	F	0.03%	0.05%	0.03%
ZBRA	C	0.02%	0.01%	0.01%
ZTS	C	0.11%	0.11%	0.11%

PHDG Overweight 61 Positions Relative to SFY

Symbol	Grade	Weight
NXPI	B	0.1%
TEL	B	0.06%
LULU	F	0.05%
NRG	C	0.03%
APTV	F	0.03%
IPG	F	0.02%
TECH	D	0.02%
JNPR	B	0.02%
UHS	B	0.02%
CPT	B	0.02%
NI	B	0.02%
POOL	F	0.02%
PNR	D	0.02%
NDSN	D	0.02%
KIM	B	0.02%
WRK	D	0.02%
L	D	0.02%
TRMB	D	0.02%
AMCR	D	0.02%
JBL	F	0.02%
EQT	D	0.02%
FOX	A	0.01%
PARA	D	0.01%
MHK	D	0.01%
BIO	F	0.01%
IVZ	D	0.01%
RL	C	0.01%
FMC	F	0.01%
ETSY	F	0.01%
GL	C	0.01%
AAL	F	0.01%
FRT	C	0.01%
MKTX	F	0.01%
BWA	F	0.01%
HAS	D	0.01%
DVA	C	0.01%
DAY	D	0.01%
NCLH	C	0.01%
FOXA	A	0.01%
MTCH	F	0.01%
CZR	C	0.01%
GNRC	C	0.01%
HSIC	F	0.01%
WYNN	F	0.01%
AIZ	D	0.01%
PNW	D	0.01%
BXP	B	0.01%
BBWI	F	0.01%
TAP	F	0.01%
TPR	C	0.01%
HII	D	0.01%
FFIV	D	0.01%
ALLE	D	0.01%
REG	C	0.01%
AOS	D	0.01%
CTLT	B	0.01%
APA	D	0.01%
CHRW	C	0.01%
NWSA	A	0.01%
CRL	F	0.01%
NWS	A	0.0%

PHDG Underweight 55 Positions Relative to SFY

Symbol	Grade	Weight
APO	A	-0.25%
DDOG	B	-0.22%
SQ	D	-0.2%
COIN	D	-0.2%
PLTR	B	-0.15%
WDAY	D	-0.15%
PINS	B	-0.12%
TTD	A	-0.12%
FCNCA	C	-0.12%
SNOW	D	-0.11%
ZS	B	-0.11%
VRT	C	-0.11%
DASH	D	-0.11%
ALNY	A	-0.1%
SCCO	C	-0.1%
MKL	D	-0.09%
TEAM	D	-0.08%
HUBS	D	-0.08%
NET	B	-0.07%
LNG	B	-0.07%
ARES	C	-0.07%
MRVL	C	-0.07%
DKNG	F	-0.06%
APP	A	-0.06%
MDB	D	-0.05%
ZM	D	-0.05%
VEEV	F	-0.05%
DOCU	D	-0.05%
DELL	B	-0.05%
RPRX	F	-0.05%
MSTR	D	-0.04%
BMRN	D	-0.04%
RBLX	B	-0.04%
OKTA	C	-0.04%
ENTG	B	-0.04%
ILMN	F	-0.03%
BURL	B	-0.03%
TRU	C	-0.03%
GFS	C	-0.03%
ERIE	C	-0.03%
BAH	B	-0.03%
LPLA	B	-0.03%
CSL	C	-0.02%
EXAS	F	-0.02%
RS	D	-0.02%
TWLO	D	-0.02%
AGR	C	-0.02%
WLK	D	-0.02%
WPC	D	-0.02%
CNA	B	-0.02%
WSM	D	-0.02%
SNAP	C	-0.02%
SSNC	B	-0.02%
SUI	C	-0.02%
SIRI	C	-0.01%