PHDG vs. STRV ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Strive 500 ETF (STRV)

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

STRV

Strive 500 ETF

STRV Description

Under normal circumstances, substantially all of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The Sub-Adviser expects that, over time, the correlation between the fund"s performance and that of the index, before fees and expenses, will be 95% or higher.

Grade (RS Rating)

Last Trade

$38.43

Average Daily Volume

70,928

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	STRV
30 Days	0.66%	3.47%
60 Days	1.51%	5.07%
90 Days	1.58%	6.75%
12 Months	18.52%	33.17%

429 Overlapping Holdings

	Symbol	Grade	Weight in PHDG	Weight in STRV	Overlap
	A	D	0.04%	0.08%	0.04%
	AAPL	C	3.74%	6.56%	3.74%
	ABBV	D	0.32%	0.6%	0.32%
	ABNB	C	0.06%	0.09%	0.06%
	ABT	B	0.22%	0.39%	0.22%
	ACGL	D	0.04%	0.07%	0.04%
	ACN	C	0.24%	0.45%	0.24%
	ADBE	C	0.25%	0.47%	0.25%
	ADI	D	0.11%	0.21%	0.11%
	ADM	D	0.03%	0.05%	0.03%
	ADP	B	0.13%	0.25%	0.13%
	ADSK	A	0.07%	0.14%	0.07%
	AEE	A	0.03%	0.04%	0.03%
	AEP	D	0.05%	0.11%	0.05%
	AES	F	0.01%	0.02%	0.01%
	AFL	B	0.06%	0.12%	0.06%
	AIG	B	0.05%	0.1%	0.05%
	AJG	B	0.07%	0.12%	0.07%
	AKAM	D	0.01%	0.03%	0.01%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.06%	0.1%	0.06%
	AMAT	F	0.17%	0.29%	0.17%
	AMCR	D	0.02%	0.03%	0.02%
	AMD	F	0.24%	0.44%	0.24%
	AME	A	0.05%	0.1%	0.05%
	AMGN	D	0.17%	0.32%	0.17%
	AMP	A	0.06%	0.12%	0.06%
	AMT	D	0.1%	0.19%	0.1%
	AMZN	C	2.13%	3.91%	2.13%
	ANET	C	0.11%	0.19%	0.11%
	ANSS	B	0.03%	0.06%	0.03%
	AON	A	0.09%	0.17%	0.09%
	APD	A	0.08%	0.13%	0.08%
	APH	A	0.09%	0.17%	0.09%
	APTV	D	0.02%	0.03%	0.02%
	ARE	D	0.02%	0.03%	0.02%
	ATO	A	0.02%	0.04%	0.02%
	AVB	B	0.03%	0.06%	0.03%
	AVGO	D	0.86%	1.56%	0.86%
	AWK	D	0.03%	0.05%	0.03%
	AXON	A	0.05%	0.09%	0.05%
	AXP	A	0.17%	0.29%	0.17%
	AZO	C	0.06%	0.11%	0.06%
	BA	F	0.11%	0.17%	0.11%
	BAC	A	0.33%	0.62%	0.33%
	BALL	D	0.02%	0.04%	0.02%
	BAX	D	0.02%	0.03%	0.02%
	BBY	D	0.02%	0.03%	0.02%
	BDX	F	0.07%	0.13%	0.07%
	BIIB	F	0.03%	0.05%	0.03%
	BK	A	0.06%	0.11%	0.06%
	BKNG	A	0.18%	0.32%	0.18%
	BKR	B	0.05%	0.08%	0.05%
	BLDR	D	0.02%	0.05%	0.02%
	BLK	C	0.16%	0.28%	0.16%
	BMY	B	0.13%	0.23%	0.13%
	BR	A	0.03%	0.06%	0.03%
	BRK.A	B	0.92%	1.19%	0.92%
	BRO	B	0.03%	0.05%	0.03%
	BSX	B	0.14%	0.25%	0.14%
	BX	A	0.14%	0.25%	0.14%
	C	A	0.14%	0.25%	0.14%
	CAG	D	0.01%	0.02%	0.01%
	CAH	B	0.03%	0.05%	0.03%
	CARR	D	0.07%	0.12%	0.07%
	CAT	B	0.2%	0.37%	0.2%
	CB	C	0.12%	0.22%	0.12%
	CBOE	B	0.02%	0.04%	0.02%
	CBRE	B	0.04%	0.08%	0.04%
	CCI	D	0.05%	0.09%	0.05%
	CCL	B	0.03%	0.05%	0.03%
	CDNS	B	0.09%	0.16%	0.09%
	CDW	F	0.03%	0.05%	0.03%
	CE	F	0.01%	0.02%	0.01%
	CEG	D	0.08%	0.14%	0.08%
	CF	B	0.02%	0.03%	0.02%
	CFG	B	0.02%	0.04%	0.02%
	CHD	B	0.03%	0.05%	0.03%
	CHTR	C	0.04%	0.07%	0.04%
	CI	F	0.1%	0.19%	0.1%
	CINF	A	0.03%	0.04%	0.03%
	CL	D	0.08%	0.15%	0.08%
	CLX	B	0.02%	0.04%	0.02%
	CMCSA	B	0.18%	0.34%	0.18%
	CME	A	0.09%	0.15%	0.09%
	CMG	B	0.09%	0.16%	0.09%
	CMI	A	0.05%	0.1%	0.05%
	CMS	C	0.02%	0.04%	0.02%
	CNC	D	0.03%	0.06%	0.03%
	CNP	B	0.02%	0.04%	0.02%
	COF	B	0.08%	0.13%	0.08%
	COP	C	0.14%	0.25%	0.14%
	COR	B	0.05%	0.08%	0.05%
	COST	B	0.44%	0.82%	0.44%
	CPAY	A	0.03%	0.05%	0.03%
	CPB	D	0.01%	0.02%	0.01%
	CPRT	A	0.05%	0.1%	0.05%
	CRM	B	0.35%	0.63%	0.35%
	CRWD	B	0.09%	0.15%	0.09%
	CSCO	B	0.25%	0.43%	0.25%
	CSGP	D	0.03%	0.06%	0.03%
	CSX	B	0.07%	0.14%	0.07%
	CTAS	B	0.08%	0.15%	0.08%
	CTRA	B	0.02%	0.04%	0.02%
	CTSH	B	0.04%	0.08%	0.04%
	CTVA	C	0.04%	0.08%	0.04%
	CVS	D	0.07%	0.13%	0.07%
	CVX	A	0.3%	0.54%	0.3%
	D	C	0.05%	0.09%	0.05%
	DAL	C	0.04%	0.02%	0.02%
	DD	D	0.04%	0.06%	0.04%
	DE	A	0.11%	0.19%	0.11%
	DECK	A	0.03%	0.06%	0.03%
	DELL	C	0.04%	0.08%	0.04%
	DFS	B	0.05%	0.08%	0.05%
	DG	F	0.02%	0.03%	0.02%
	DGX	A	0.02%	0.03%	0.02%
	DHI	D	0.05%	0.09%	0.05%
	DHR	F	0.17%	0.32%	0.17%
	DIS	B	0.21%	0.36%	0.21%
	DLR	B	0.06%	0.12%	0.06%
	DLTR	F	0.01%	0.02%	0.01%
	DOV	A	0.03%	0.06%	0.03%
	DOW	F	0.03%	0.06%	0.03%
	DPZ	C	0.02%	0.04%	0.02%
	DRI	B	0.02%	0.05%	0.02%
	DTE	C	0.03%	0.04%	0.03%
	DUK	C	0.09%	0.16%	0.09%
	DVN	F	0.03%	0.05%	0.03%
	DXCM	D	0.03%	0.07%	0.03%
	EA	A	0.04%	0.09%	0.04%
	EBAY	D	0.03%	0.06%	0.03%
	ECL	D	0.07%	0.12%	0.07%
	ED	D	0.04%	0.06%	0.04%
	EFX	F	0.03%	0.06%	0.03%
	EIX	B	0.03%	0.06%	0.03%
	EL	F	0.02%	0.02%	0.02%
	ELV	F	0.1%	0.18%	0.1%
	EMR	A	0.08%	0.14%	0.08%
	ENPH	F	0.01%	0.02%	0.01%
	EOG	A	0.08%	0.15%	0.08%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	A	0.09%	0.16%	0.09%
	EQR	B	0.03%	0.05%	0.03%
	EQT	B	0.03%	0.05%	0.03%
	ERIE	D	0.01%	0.02%	0.01%
	ES	D	0.02%	0.04%	0.02%
	ESS	B	0.02%	0.04%	0.02%
	ETN	A	0.16%	0.29%	0.16%
	ETR	B	0.03%	0.06%	0.03%
	EVRG	A	0.02%	0.03%	0.02%
	EW	C	0.04%	0.08%	0.04%
	EXC	C	0.04%	0.07%	0.04%
	EXPD	D	0.02%	0.03%	0.02%
	EXPE	B	0.02%	0.05%	0.02%
	EXR	D	0.04%	0.06%	0.04%
	F	C	0.05%	0.09%	0.05%
	FANG	D	0.04%	0.06%	0.04%
	FAST	B	0.05%	0.09%	0.05%
	FCX	D	0.07%	0.12%	0.07%
	FDS	B	0.02%	0.04%	0.02%
	FDX	B	0.07%	0.12%	0.07%
	FE	C	0.02%	0.04%	0.02%
	FI	A	0.13%	0.24%	0.13%
	FICO	B	0.06%	0.1%	0.06%
	FIS	C	0.05%	0.1%	0.05%
	FITB	A	0.03%	0.06%	0.03%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	F	0.02%	0.04%	0.02%
	FTNT	C	0.06%	0.12%	0.06%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.08%	0.15%	0.08%
	GDDY	A	0.03%	0.05%	0.03%
	GE	D	0.21%	0.39%	0.21%
	GEHC	F	0.04%	0.08%	0.04%
	GEV	B	0.1%	0.18%	0.1%
	GILD	C	0.12%	0.22%	0.12%
	GIS	D	0.04%	0.07%	0.04%
	GLW	B	0.04%	0.07%	0.04%
	GM	B	0.07%	0.13%	0.07%
	GOOG	C	0.92%	1.71%	0.92%
	GOOGL	C	1.11%	2.05%	1.11%
	GPC	D	0.02%	0.03%	0.02%
	GPN	B	0.03%	0.05%	0.03%
	GRMN	B	0.03%	0.06%	0.03%
	GS	A	0.2%	0.38%	0.2%
	GWW	B	0.06%	0.09%	0.06%
	HAL	C	0.03%	0.05%	0.03%
	HBAN	A	0.03%	0.05%	0.03%
	HCA	F	0.07%	0.13%	0.07%
	HD	A	0.43%	0.8%	0.43%
	HES	B	0.04%	0.08%	0.04%
	HIG	B	0.04%	0.07%	0.04%
	HLT	A	0.07%	0.13%	0.07%
	HOLX	D	0.02%	0.03%	0.02%
	HON	B	0.16%	0.29%	0.16%
	HPE	B	0.03%	0.05%	0.03%
	HPQ	B	0.04%	0.07%	0.04%
	HRL	D	0.01%	0.02%	0.01%
	HSY	F	0.03%	0.05%	0.03%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	C	0.04%	0.08%	0.04%
	HWM	A	0.05%	0.09%	0.05%
	IBM	C	0.21%	0.39%	0.21%
	ICE	C	0.1%	0.17%	0.1%
	IDXX	F	0.04%	0.07%	0.04%
	IEX	B	0.02%	0.03%	0.02%
	IFF	D	0.02%	0.04%	0.02%
	INCY	C	0.01%	0.03%	0.01%
	INTC	D	0.12%	0.21%	0.12%
	INTU	C	0.21%	0.38%	0.21%
	INVH	D	0.02%	0.04%	0.02%
	IQV	D	0.04%	0.07%	0.04%
	IR	B	0.04%	0.08%	0.04%
	IRM	D	0.04%	0.06%	0.04%
	ISRG	A	0.21%	0.36%	0.21%
	IT	C	0.04%	0.08%	0.04%
	ITW	B	0.08%	0.15%	0.08%
	J	F	0.02%	0.03%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JCI	C	0.06%	0.11%	0.06%
	JNJ	D	0.39%	0.73%	0.39%
	JPM	A	0.74%	1.35%	0.74%
	K	A	0.02%	0.04%	0.02%
	KDP	D	0.04%	0.07%	0.04%
	KEYS	A	0.03%	0.05%	0.03%
	KHC	F	0.03%	0.05%	0.03%
	KKR	A	0.11%	0.2%	0.11%
	KLAC	D	0.09%	0.17%	0.09%
	KMB	D	0.05%	0.08%	0.05%
	KMI	A	0.06%	0.1%	0.06%
	KO	D	0.26%	0.48%	0.26%
	KR	B	0.04%	0.08%	0.04%
	KVUE	A	0.05%	0.08%	0.05%
	L	A	0.02%	0.03%	0.02%
	LDOS	C	0.02%	0.05%	0.02%
	LEN	D	0.04%	0.08%	0.04%
	LEN	D	0.04%	0.0%	0.0%
	LH	C	0.02%	0.05%	0.02%
	LHX	C	0.05%	0.09%	0.05%
	LIN	D	0.23%	0.43%	0.23%
	LLY	F	0.67%	1.36%	0.67%
	LMT	D	0.12%	0.26%	0.12%
	LNT	A	0.02%	0.03%	0.02%
	LOW	D	0.17%	0.3%	0.17%
	LRCX	F	0.11%	0.19%	0.11%
	LULU	C	0.04%	0.08%	0.04%
	LUV	C	0.02%	0.01%	0.01%
	LVS	C	0.02%	0.03%	0.02%
	LYB	F	0.02%	0.04%	0.02%
	LYV	A	0.02%	0.04%	0.02%
	MA	C	0.46%	0.84%	0.46%
	MAA	B	0.02%	0.05%	0.02%
	MAR	B	0.07%	0.13%	0.07%
	MAS	D	0.02%	0.03%	0.02%
	MCD	D	0.23%	0.42%	0.23%
	MCHP	D	0.04%	0.07%	0.04%
	MCK	B	0.09%	0.15%	0.09%
	MCO	B	0.08%	0.14%	0.08%
	MDLZ	F	0.09%	0.17%	0.09%
	MDT	D	0.12%	0.23%	0.12%
	MET	A	0.05%	0.1%	0.05%
	META	D	1.36%	2.5%	1.36%
	MGM	D	0.01%	0.02%	0.01%
	MKC	D	0.02%	0.03%	0.02%
	MLM	B	0.04%	0.07%	0.04%
	MMC	B	0.12%	0.22%	0.12%
	MMM	D	0.08%	0.14%	0.08%
	MNST	C	0.04%	0.08%	0.04%
	MO	A	0.1%	0.19%	0.1%
	MOH	F	0.02%	0.03%	0.02%
	MPC	D	0.06%	0.11%	0.06%
	MPWR	F	0.03%	0.06%	0.03%
	MRK	F	0.27%	0.49%	0.27%
	MRNA	F	0.01%	0.03%	0.01%
	MRO	B	0.02%	0.03%	0.02%
	MS	A	0.18%	0.32%	0.18%
	MSCI	C	0.05%	0.09%	0.05%
	MSFT	F	3.42%	6.23%	3.42%
	MSI	B	0.09%	0.17%	0.09%
	MTB	A	0.04%	0.07%	0.04%
	MTD	D	0.03%	0.05%	0.03%
	MU	D	0.12%	0.21%	0.12%
	NDAQ	A	0.03%	0.07%	0.03%
	NEE	D	0.17%	0.31%	0.17%
	NEM	D	0.05%	0.09%	0.05%
	NFLX	A	0.39%	0.7%	0.39%
	NKE	D	0.1%	0.18%	0.1%
	NOC	D	0.07%	0.14%	0.07%
	NOW	A	0.23%	0.42%	0.23%
	NSC	B	0.06%	0.12%	0.06%
	NTAP	C	0.03%	0.04%	0.03%
	NTRS	A	0.02%	0.04%	0.02%
	NUE	C	0.04%	0.08%	0.04%
	NVDA	C	3.89%	6.82%	3.89%
	NVR	D	0.03%	0.06%	0.03%
	NXPI	D	0.06%	0.12%	0.06%
	O	D	0.05%	0.1%	0.05%
	ODFL	B	0.05%	0.1%	0.05%
	OKE	A	0.07%	0.12%	0.07%
	OMC	C	0.02%	0.04%	0.02%
	ON	D	0.03%	0.06%	0.03%
	ORCL	B	0.32%	0.59%	0.32%
	ORLY	B	0.08%	0.15%	0.08%
	OTIS	C	0.04%	0.08%	0.04%
	OXY	D	0.04%	0.06%	0.04%
	PANW	C	0.14%	0.26%	0.14%
	PAYX	C	0.05%	0.09%	0.05%
	PCAR	B	0.07%	0.11%	0.07%
	PCG	A	0.05%	0.09%	0.05%
	PEG	A	0.05%	0.08%	0.05%
	PEP	F	0.24%	0.44%	0.24%
	PFE	D	0.16%	0.3%	0.16%
	PFG	D	0.02%	0.04%	0.02%
	PG	A	0.42%	0.77%	0.42%
	PGR	A	0.16%	0.3%	0.16%
	PH	A	0.1%	0.19%	0.1%
	PHM	D	0.03%	0.05%	0.03%
	PLD	D	0.11%	0.21%	0.11%
	PLTR	B	0.13%	0.24%	0.13%
	PM	B	0.21%	0.39%	0.21%
	PNC	B	0.09%	0.17%	0.09%
	PODD	C	0.02%	0.03%	0.02%
	PPG	F	0.03%	0.05%	0.03%
	PPL	B	0.03%	0.05%	0.03%
	PRU	A	0.05%	0.08%	0.05%
	PSA	D	0.06%	0.1%	0.06%
	PSX	C	0.06%	0.11%	0.06%
	PTC	A	0.02%	0.05%	0.02%
	PWR	A	0.05%	0.09%	0.05%
	PYPL	B	0.09%	0.18%	0.09%
	QCOM	F	0.2%	0.35%	0.2%
	RCL	A	0.06%	0.11%	0.06%
	REGN	F	0.09%	0.17%	0.09%
	RF	A	0.03%	0.05%	0.03%
	RJF	A	0.03%	0.06%	0.03%
	RMD	C	0.04%	0.07%	0.04%
	ROK	B	0.04%	0.07%	0.04%
	ROL	B	0.02%	0.03%	0.02%
	ROP	B	0.07%	0.12%	0.07%
	ROST	C	0.05%	0.09%	0.05%
	RSG	A	0.05%	0.09%	0.05%
	RTX	C	0.17%	0.32%	0.17%
	RVTY	F	0.02%	0.04%	0.02%
	SBAC	D	0.03%	0.05%	0.03%
	SBUX	A	0.12%	0.22%	0.12%
	SCHW	B	0.13%	0.22%	0.13%
	SHW	A	0.1%	0.18%	0.1%
	SJM	D	0.01%	0.02%	0.01%
	SLB	C	0.07%	0.12%	0.07%
	SMCI	F	0.01%	0.02%	0.01%
	SNPS	B	0.09%	0.16%	0.09%
	SO	D	0.1%	0.19%	0.1%
	SPG	B	0.06%	0.11%	0.06%
	SPGI	C	0.18%	0.32%	0.18%
	SRE	A	0.06%	0.11%	0.06%
	STE	F	0.02%	0.04%	0.02%
	STLD	B	0.02%	0.04%	0.02%
	STT	A	0.03%	0.05%	0.03%
	STX	D	0.02%	0.04%	0.02%
	STZ	D	0.04%	0.07%	0.04%
	SW	A	0.03%	0.05%	0.03%
	SWK	D	0.01%	0.03%	0.01%
	SWKS	F	0.01%	0.03%	0.01%
	SYF	B	0.03%	0.05%	0.03%
	SYK	C	0.14%	0.26%	0.14%
	SYY	B	0.04%	0.07%	0.04%
	T	A	0.17%	0.31%	0.17%
	TDG	D	0.08%	0.14%	0.08%
	TDY	B	0.02%	0.05%	0.02%
	TER	D	0.02%	0.03%	0.02%
	TFC	A	0.07%	0.12%	0.07%
	TGT	F	0.08%	0.14%	0.08%
	TJX	A	0.15%	0.27%	0.15%
	TMO	F	0.22%	0.41%	0.22%
	TMUS	B	0.13%	0.23%	0.13%
	TRGP	B	0.05%	0.09%	0.05%
	TRMB	B	0.02%	0.03%	0.02%
	TROW	B	0.03%	0.05%	0.03%
	TRV	B	0.06%	0.12%	0.06%
	TSCO	D	0.03%	0.06%	0.03%
	TSLA	B	0.93%	1.82%	0.93%
	TSN	B	0.02%	0.03%	0.02%
	TT	A	0.1%	0.18%	0.1%
	TTWO	A	0.03%	0.06%	0.03%
	TXN	C	0.2%	0.37%	0.2%
	TYL	B	0.03%	0.06%	0.03%
	UAL	A	0.03%	0.01%	0.01%
	UBER	D	0.16%	0.29%	0.16%
	UDR	B	0.01%	0.03%	0.01%
	ULTA	F	0.02%	0.04%	0.02%
	UNH	C	0.59%	1.1%	0.59%
	UNP	C	0.15%	0.28%	0.15%
	UPS	C	0.1%	0.19%	0.1%
	URI	B	0.06%	0.12%	0.06%
	USB	A	0.08%	0.15%	0.08%
	V	A	0.56%	1.01%	0.56%
	VICI	C	0.04%	0.06%	0.04%
	VLO	C	0.05%	0.09%	0.05%
	VLTO	D	0.03%	0.04%	0.03%
	VMC	B	0.04%	0.08%	0.04%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	F	0.02%	0.03%	0.02%
	VRTX	F	0.13%	0.24%	0.13%
	VST	B	0.05%	0.1%	0.05%
	VTR	C	0.03%	0.05%	0.03%
	VZ	C	0.19%	0.31%	0.19%
	WAB	B	0.04%	0.07%	0.04%
	WAT	B	0.02%	0.04%	0.02%
	WBD	C	0.02%	0.04%	0.02%
	WDC	D	0.02%	0.04%	0.02%
	WEC	A	0.03%	0.06%	0.03%
	WELL	A	0.08%	0.16%	0.08%
	WFC	A	0.27%	0.5%	0.27%
	WM	A	0.09%	0.18%	0.09%
	WMB	A	0.07%	0.13%	0.07%
	WMT	A	0.4%	0.74%	0.4%
	WRB	A	0.02%	0.03%	0.02%
	WST	C	0.03%	0.05%	0.03%
	WTW	B	0.03%	0.06%	0.03%
	WY	D	0.02%	0.04%	0.02%
	XEL	A	0.04%	0.07%	0.04%
	XOM	B	0.58%	1.07%	0.58%
	XYL	D	0.03%	0.07%	0.03%
	YUM	B	0.04%	0.07%	0.04%
	ZBH	C	0.02%	0.04%	0.02%
	ZBRA	B	0.02%	0.04%	0.02%
	ZTS	D	0.09%	0.15%	0.09%

PHDG Overweight 71 Positions Relative to STRV

	Symbol	Grade	Weight
	NDSN	B	0.02%
	FFIV	B	0.02%
	JBL	B	0.02%
	DOC	D	0.02%
	VTRS	A	0.02%
	EG	C	0.02%
	TXT	D	0.02%
	AVY	D	0.02%
	NI	A	0.02%
	GEN	B	0.02%
	KIM	A	0.02%
	PNR	A	0.02%
	KEY	B	0.02%
	SNA	A	0.02%
	NRG	B	0.02%
	IP	B	0.02%
	PKG	A	0.02%
	QRVO	F	0.01%
	WBA	F	0.01%
	BEN	C	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%
	MOS	F	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%
	SOLV	C	0.01%
	GL	B	0.01%
	MKTX	D	0.01%
	CRL	C	0.01%
	LKQ	D	0.01%
	PNW	B	0.01%
	CTLT	B	0.01%
	IPG	D	0.01%
	PAYC	B	0.01%
	TAP	C	0.01%
	NWSA	B	0.01%
	AIZ	A	0.01%
	GNRC	B	0.01%
	TECH	D	0.01%
	LW	C	0.01%
	BXP	D	0.01%
	NCLH	B	0.01%
	EMN	D	0.01%
	UHS	D	0.01%
	ALB	C	0.01%
	REG	B	0.01%
	DAY	B	0.01%
	KMX	B	0.01%
	HST	C	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%
	POOL	C	0.01%
	NWS	B	0.0%

PHDG Underweight 61 Positions Relative to STRV

	Symbol	Grade	Weight
	MRVL	B	-0.15%
	APO	B	-0.14%
	WDAY	B	-0.12%
	DASH	A	-0.12%
	APP	B	-0.11%
	TTD	B	-0.11%
	SPOT	B	-0.11%
	COIN	C	-0.1%
	MSTR	C	-0.1%
	LNG	B	-0.09%
	SQ	B	-0.09%
	VRT	B	-0.08%
	HUBS	A	-0.07%
	DDOG	A	-0.07%
	SNOW	C	-0.07%
	ALNY	D	-0.07%
	TEAM	A	-0.07%
	MKL	A	-0.05%
	MDB	C	-0.05%
	RBLX	C	-0.05%
	FCNCA	A	-0.05%
	NET	B	-0.05%
	CVNA	B	-0.05%
	BAH	F	-0.05%
	STLA	F	-0.05%
	ARES	A	-0.05%
	ZM	B	-0.04%
	TRU	D	-0.04%
	LII	A	-0.04%
	LPLA	A	-0.04%
	TW	A	-0.04%
	HEI	B	-0.04%
	ILMN	D	-0.04%
	GRAB	B	-0.03%
	AVTR	F	-0.03%
	IBKR	A	-0.03%
	SSNC	B	-0.03%
	ZS	C	-0.03%
	ENTG	D	-0.03%
	ICLR	D	-0.03%
	PINS	D	-0.03%
	DKNG	B	-0.03%
	WSO	A	-0.03%
	HEI	B	-0.02%
	RIVN	F	-0.02%
	RPRX	D	-0.02%
	BSY	D	-0.02%
	OWL	A	-0.02%
	IOT	A	-0.02%
	WPC	D	-0.02%
	SNAP	C	-0.02%
	BMRN	D	-0.02%
	OKTA	C	-0.02%
	SUI	D	-0.02%
	GFS	C	-0.01%
	WMG	C	-0.01%
	WLK	D	-0.01%
	SIRI	C	-0.01%
	CRBG	B	-0.01%
	RKT	F	-0.0%
	AGR	B	-0.0%

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

STRV: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Diagnostics & Research Asset Management Capital Markets Banks - Regional - US Drug Manufacturers - Major Oil & Gas E&P Software - Infrastructure Specialty Retail Aerospace & Defense Insurance - Property & Casualty Internet Content & Information Medical Devices Packaged Foods Specialty Chemicals Biotechnology

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Insurance Electricity Electronics Medicine Semiconductor Aerospace Bank Telecommunications Banking Mobile Devices Chemical Cloud Computing IBD 50 Insurance Products Integrated Circuits