PHDG vs. TOK ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to iShares MSCI KLD 400 Social ETF (TOK)

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

TOK

iShares MSCI KLD 400 Social ETF

TOK Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Kokusai Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is designed to measure equity market performance in those countries that MSCI Inc. ("MSCI") has classified as having developed economies, excluding Japan ("DEEJ").

Grade (RS Rating)

Last Trade

$119.16

Average Daily Volume

19,033

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	TOK
30 Days	0.66%	2.26%
60 Days	1.51%	3.02%
90 Days	1.58%	4.32%
12 Months	18.52%	28.33%

484 Overlapping Holdings

	Symbol	Grade	Weight in PHDG	Weight in TOK	Overlap
	A	D	0.04%	0.05%	0.04%
	AAPL	C	3.74%	4.98%	3.74%
	ABBV	D	0.32%	0.44%	0.32%
	ABNB	C	0.06%	0.09%	0.06%
	ABT	B	0.22%	0.31%	0.22%
	ACGL	D	0.04%	0.05%	0.04%
	ACN	C	0.24%	0.33%	0.24%
	ADBE	C	0.25%	0.33%	0.25%
	ADI	D	0.11%	0.16%	0.11%
	ADM	D	0.03%	0.04%	0.03%
	ADP	B	0.13%	0.18%	0.13%
	ADSK	A	0.07%	0.1%	0.07%
	AEE	A	0.03%	0.04%	0.03%
	AEP	D	0.05%	0.07%	0.05%
	AES	F	0.01%	0.02%	0.01%
	AFL	B	0.06%	0.09%	0.06%
	AIG	B	0.05%	0.08%	0.05%
	AIZ	A	0.01%	0.02%	0.01%
	AJG	B	0.07%	0.09%	0.07%
	AKAM	D	0.01%	0.02%	0.01%
	ALB	C	0.01%	0.02%	0.01%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	A	0.06%	0.08%	0.06%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.17%	0.21%	0.17%
	AMCR	D	0.02%	0.02%	0.02%
	AMD	F	0.24%	0.34%	0.24%
	AME	A	0.05%	0.07%	0.05%
	AMGN	D	0.17%	0.22%	0.17%
	AMP	A	0.06%	0.09%	0.06%
	AMT	D	0.1%	0.14%	0.1%
	AMZN	C	2.13%	2.87%	2.13%
	ANET	C	0.11%	0.15%	0.11%
	ANSS	B	0.03%	0.04%	0.03%
	AON	A	0.09%	0.11%	0.09%
	AOS	F	0.01%	0.01%	0.01%
	APA	D	0.01%	0.01%	0.01%
	APD	A	0.08%	0.11%	0.08%
	APH	A	0.09%	0.13%	0.09%
	APTV	D	0.02%	0.02%	0.02%
	ARE	D	0.02%	0.03%	0.02%
	ATO	A	0.02%	0.03%	0.02%
	AVB	B	0.03%	0.05%	0.03%
	AVGO	D	0.86%	1.09%	0.86%
	AVY	D	0.02%	0.02%	0.02%
	AWK	D	0.03%	0.04%	0.03%
	AXON	A	0.05%	0.07%	0.05%
	AXP	A	0.17%	0.25%	0.17%
	AZO	C	0.06%	0.08%	0.06%
	BA	F	0.11%	0.16%	0.11%
	BAC	A	0.33%	0.49%	0.33%
	BALL	D	0.02%	0.03%	0.02%
	BAX	D	0.02%	0.02%	0.02%
	BBY	D	0.02%	0.03%	0.02%
	BDX	F	0.07%	0.1%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	F	0.01%	0.02%	0.01%
	BIIB	F	0.03%	0.03%	0.03%
	BK	A	0.06%	0.09%	0.06%
	BKNG	A	0.18%	0.26%	0.18%
	BKR	B	0.05%	0.07%	0.05%
	BLDR	D	0.02%	0.03%	0.02%
	BLK	C	0.16%	0.23%	0.16%
	BMY	B	0.13%	0.18%	0.13%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	B	0.92%	0.93%	0.92%
	BRO	B	0.03%	0.04%	0.03%
	BSX	B	0.14%	0.2%	0.14%
	BX	A	0.14%	0.2%	0.14%
	BXP	D	0.01%	0.02%	0.01%
	C	A	0.14%	0.2%	0.14%
	CAG	D	0.01%	0.02%	0.01%
	CAH	B	0.03%	0.04%	0.03%
	CARR	D	0.07%	0.09%	0.07%
	CAT	B	0.2%	0.28%	0.2%
	CB	C	0.12%	0.16%	0.12%
	CBOE	B	0.02%	0.03%	0.02%
	CBRE	B	0.04%	0.06%	0.04%
	CCI	D	0.05%	0.07%	0.05%
	CCL	B	0.03%	0.04%	0.03%
	CDNS	B	0.09%	0.12%	0.09%
	CDW	F	0.03%	0.04%	0.03%
	CE	F	0.01%	0.01%	0.01%
	CEG	D	0.08%	0.11%	0.08%
	CF	B	0.02%	0.03%	0.02%
	CFG	B	0.02%	0.03%	0.02%
	CHD	B	0.03%	0.04%	0.03%
	CHRW	C	0.01%	0.02%	0.01%
	CHTR	C	0.04%	0.06%	0.04%
	CI	F	0.1%	0.14%	0.1%
	CINF	A	0.03%	0.03%	0.03%
	CL	D	0.08%	0.11%	0.08%
	CLX	B	0.02%	0.03%	0.02%
	CMCSA	B	0.18%	0.25%	0.18%
	CME	A	0.09%	0.12%	0.09%
	CMG	B	0.09%	0.12%	0.09%
	CMI	A	0.05%	0.08%	0.05%
	CMS	C	0.02%	0.03%	0.02%
	CNC	D	0.03%	0.05%	0.03%
	CNP	B	0.02%	0.03%	0.02%
	COF	B	0.08%	0.1%	0.08%
	COP	C	0.14%	0.2%	0.14%
	COR	B	0.05%	0.07%	0.05%
	COST	B	0.44%	0.62%	0.44%
	CPAY	A	0.03%	0.04%	0.03%
	CPB	D	0.01%	0.01%	0.01%
	CPRT	A	0.05%	0.07%	0.05%
	CPT	B	0.01%	0.02%	0.01%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.35%	0.47%	0.35%
	CRWD	B	0.09%	0.12%	0.09%
	CSCO	B	0.25%	0.35%	0.25%
	CSGP	D	0.03%	0.04%	0.03%
	CSX	B	0.07%	0.1%	0.07%
	CTAS	B	0.08%	0.12%	0.08%
	CTLT	B	0.01%	0.01%	0.01%
	CTRA	B	0.02%	0.03%	0.02%
	CTSH	B	0.04%	0.05%	0.04%
	CTVA	C	0.04%	0.06%	0.04%
	CVS	D	0.07%	0.1%	0.07%
	CVX	A	0.3%	0.42%	0.3%
	D	C	0.05%	0.07%	0.05%
	DAL	C	0.04%	0.01%	0.01%
	DAY	B	0.01%	0.02%	0.01%
	DD	D	0.04%	0.05%	0.04%
	DE	A	0.11%	0.16%	0.11%
	DECK	A	0.03%	0.04%	0.03%
	DELL	C	0.04%	0.06%	0.04%
	DFS	B	0.05%	0.06%	0.05%
	DG	F	0.02%	0.02%	0.02%
	DGX	A	0.02%	0.03%	0.02%
	DHI	D	0.05%	0.07%	0.05%
	DHR	F	0.17%	0.23%	0.17%
	DIS	B	0.21%	0.31%	0.21%
	DLR	B	0.06%	0.09%	0.06%
	DLTR	F	0.01%	0.02%	0.01%
	DOC	D	0.02%	0.02%	0.02%
	DOV	A	0.03%	0.04%	0.03%
	DOW	F	0.03%	0.05%	0.03%
	DPZ	C	0.02%	0.02%	0.02%
	DRI	B	0.02%	0.03%	0.02%
	DTE	C	0.03%	0.04%	0.03%
	DUK	C	0.09%	0.13%	0.09%
	DVA	B	0.01%	0.01%	0.01%
	DVN	F	0.03%	0.04%	0.03%
	DXCM	D	0.03%	0.04%	0.03%
	EA	A	0.04%	0.06%	0.04%
	EBAY	D	0.03%	0.05%	0.03%
	ECL	D	0.07%	0.09%	0.07%
	ED	D	0.04%	0.05%	0.04%
	EFX	F	0.03%	0.04%	0.03%
	EG	C	0.02%	0.03%	0.02%
	EIX	B	0.03%	0.05%	0.03%
	EL	F	0.02%	0.02%	0.02%
	ELV	F	0.1%	0.14%	0.1%
	EMN	D	0.01%	0.02%	0.01%
	EMR	A	0.08%	0.11%	0.08%
	ENPH	F	0.01%	0.01%	0.01%
	EOG	A	0.08%	0.12%	0.08%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	A	0.09%	0.13%	0.09%
	EQR	B	0.03%	0.04%	0.03%
	EQT	B	0.03%	0.04%	0.03%
	ERIE	D	0.01%	0.01%	0.01%
	ES	D	0.02%	0.03%	0.02%
	ESS	B	0.02%	0.03%	0.02%
	ETN	A	0.16%	0.22%	0.16%
	ETR	B	0.03%	0.05%	0.03%
	EVRG	A	0.02%	0.02%	0.02%
	EW	C	0.04%	0.06%	0.04%
	EXC	C	0.04%	0.06%	0.04%
	EXPD	D	0.02%	0.03%	0.02%
	EXPE	B	0.02%	0.03%	0.02%
	EXR	D	0.04%	0.05%	0.04%
	F	C	0.05%	0.06%	0.05%
	FANG	D	0.04%	0.05%	0.04%
	FAST	B	0.05%	0.07%	0.05%
	FCX	D	0.07%	0.1%	0.07%
	FDS	B	0.02%	0.03%	0.02%
	FDX	B	0.07%	0.1%	0.07%
	FE	C	0.02%	0.04%	0.02%
	FFIV	B	0.02%	0.02%	0.02%
	FI	A	0.13%	0.19%	0.13%
	FICO	B	0.06%	0.08%	0.06%
	FIS	C	0.05%	0.07%	0.05%
	FITB	A	0.03%	0.05%	0.03%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	B	0.01%	0.02%	0.01%
	FSLR	F	0.02%	0.03%	0.02%
	FTNT	C	0.06%	0.09%	0.06%
	FTV	C	0.03%	0.04%	0.03%
	GD	F	0.08%	0.1%	0.08%
	GDDY	A	0.03%	0.04%	0.03%
	GE	D	0.21%	0.29%	0.21%
	GEHC	F	0.04%	0.05%	0.04%
	GEN	B	0.02%	0.03%	0.02%
	GEV	B	0.1%	0.14%	0.1%
	GILD	C	0.12%	0.17%	0.12%
	GIS	D	0.04%	0.05%	0.04%
	GLW	B	0.04%	0.06%	0.04%
	GM	B	0.07%	0.1%	0.07%
	GOOG	C	0.92%	1.36%	0.92%
	GOOGL	C	1.11%	1.57%	1.11%
	GPC	D	0.02%	0.03%	0.02%
	GPN	B	0.03%	0.04%	0.03%
	GRMN	B	0.03%	0.05%	0.03%
	GS	A	0.2%	0.28%	0.2%
	GWW	B	0.06%	0.08%	0.06%
	HAL	C	0.03%	0.04%	0.03%
	HBAN	A	0.03%	0.04%	0.03%
	HCA	F	0.07%	0.1%	0.07%
	HD	A	0.43%	0.6%	0.43%
	HES	B	0.04%	0.06%	0.04%
	HIG	B	0.04%	0.05%	0.04%
	HII	D	0.01%	0.01%	0.01%
	HLT	A	0.07%	0.1%	0.07%
	HOLX	D	0.02%	0.03%	0.02%
	HON	B	0.16%	0.22%	0.16%
	HPE	B	0.03%	0.04%	0.03%
	HPQ	B	0.04%	0.05%	0.04%
	HRL	D	0.01%	0.01%	0.01%
	HSIC	B	0.01%	0.01%	0.01%
	HST	C	0.01%	0.02%	0.01%
	HSY	F	0.03%	0.04%	0.03%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.04%	0.05%	0.04%
	HWM	A	0.05%	0.07%	0.05%
	IBM	C	0.21%	0.29%	0.21%
	ICE	C	0.1%	0.13%	0.1%
	IDXX	F	0.04%	0.05%	0.04%
	IEX	B	0.02%	0.03%	0.02%
	IFF	D	0.02%	0.03%	0.02%
	INCY	C	0.01%	0.02%	0.01%
	INTC	D	0.12%	0.16%	0.12%
	INTU	C	0.21%	0.27%	0.21%
	INVH	D	0.02%	0.03%	0.02%
	IP	B	0.02%	0.03%	0.02%
	IPG	D	0.01%	0.02%	0.01%
	IQV	D	0.04%	0.05%	0.04%
	IR	B	0.04%	0.06%	0.04%
	IRM	D	0.04%	0.05%	0.04%
	ISRG	A	0.21%	0.29%	0.21%
	IT	C	0.04%	0.06%	0.04%
	ITW	B	0.08%	0.12%	0.08%
	J	F	0.02%	0.02%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JBL	B	0.02%	0.02%	0.02%
	JCI	C	0.06%	0.08%	0.06%
	JKHY	D	0.01%	0.02%	0.01%
	JNJ	D	0.39%	0.55%	0.39%
	JNPR	F	0.01%	0.02%	0.01%
	JPM	A	0.74%	1.05%	0.74%
	K	A	0.02%	0.03%	0.02%
	KDP	D	0.04%	0.05%	0.04%
	KEY	B	0.02%	0.03%	0.02%
	KEYS	A	0.03%	0.04%	0.03%
	KHC	F	0.03%	0.04%	0.03%
	KIM	A	0.02%	0.03%	0.02%
	KKR	A	0.11%	0.14%	0.11%
	KLAC	D	0.09%	0.13%	0.09%
	KMB	D	0.05%	0.07%	0.05%
	KMI	A	0.06%	0.08%	0.06%
	KMX	B	0.01%	0.02%	0.01%
	KO	D	0.26%	0.38%	0.26%
	KR	B	0.04%	0.06%	0.04%
	KVUE	A	0.05%	0.07%	0.05%
	L	A	0.02%	0.02%	0.02%
	LDOS	C	0.02%	0.03%	0.02%
	LEN	D	0.04%	0.06%	0.04%
	LH	C	0.02%	0.03%	0.02%
	LHX	C	0.05%	0.07%	0.05%
	LIN	D	0.23%	0.32%	0.23%
	LKQ	D	0.01%	0.01%	0.01%
	LLY	F	0.67%	0.88%	0.67%
	LMT	D	0.12%	0.17%	0.12%
	LNT	A	0.02%	0.02%	0.02%
	LOW	D	0.17%	0.22%	0.17%
	LRCX	F	0.11%	0.14%	0.11%
	LULU	C	0.04%	0.05%	0.04%
	LUV	C	0.02%	0.01%	0.01%
	LVS	C	0.02%	0.03%	0.02%
	LW	C	0.01%	0.02%	0.01%
	LYB	F	0.02%	0.03%	0.02%
	LYV	A	0.02%	0.03%	0.02%
	MA	C	0.46%	0.65%	0.46%
	MAA	B	0.02%	0.03%	0.02%
	MAR	B	0.07%	0.1%	0.07%
	MAS	D	0.02%	0.03%	0.02%
	MCD	D	0.23%	0.31%	0.23%
	MCHP	D	0.04%	0.05%	0.04%
	MCK	B	0.09%	0.12%	0.09%
	MCO	B	0.08%	0.11%	0.08%
	MDLZ	F	0.09%	0.13%	0.09%
	MDT	D	0.12%	0.16%	0.12%
	MET	A	0.05%	0.07%	0.05%
	META	D	1.36%	1.84%	1.36%
	MGM	D	0.01%	0.01%	0.01%
	MKC	D	0.02%	0.03%	0.02%
	MKTX	D	0.01%	0.01%	0.01%
	MLM	B	0.04%	0.05%	0.04%
	MMC	B	0.12%	0.16%	0.12%
	MMM	D	0.08%	0.11%	0.08%
	MNST	C	0.04%	0.06%	0.04%
	MO	A	0.1%	0.14%	0.1%
	MOH	F	0.02%	0.02%	0.02%
	MOS	F	0.01%	0.01%	0.01%
	MPC	D	0.06%	0.09%	0.06%
	MPWR	F	0.03%	0.04%	0.03%
	MRK	F	0.27%	0.37%	0.27%
	MRNA	F	0.01%	0.02%	0.01%
	MRO	B	0.02%	0.03%	0.02%
	MS	A	0.18%	0.24%	0.18%
	MSCI	C	0.05%	0.07%	0.05%
	MSFT	F	3.42%	4.42%	3.42%
	MSI	B	0.09%	0.12%	0.09%
	MTB	A	0.04%	0.05%	0.04%
	MTCH	D	0.01%	0.01%	0.01%
	MTD	D	0.03%	0.04%	0.03%
	MU	D	0.12%	0.16%	0.12%
	NDAQ	A	0.03%	0.05%	0.03%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	D	0.17%	0.24%	0.17%
	NEM	D	0.05%	0.07%	0.05%
	NFLX	A	0.39%	0.56%	0.39%
	NI	A	0.02%	0.03%	0.02%
	NKE	D	0.1%	0.13%	0.1%
	NOC	D	0.07%	0.1%	0.07%
	NOW	A	0.23%	0.31%	0.23%
	NRG	B	0.02%	0.03%	0.02%
	NSC	B	0.06%	0.09%	0.06%
	NTAP	C	0.03%	0.04%	0.03%
	NTRS	A	0.02%	0.03%	0.02%
	NUE	C	0.04%	0.05%	0.04%
	NVDA	C	3.89%	5.42%	3.89%
	NVR	D	0.03%	0.04%	0.03%
	NWSA	B	0.01%	0.02%	0.01%
	NXPI	D	0.06%	0.08%	0.06%
	O	D	0.05%	0.07%	0.05%
	ODFL	B	0.05%	0.06%	0.05%
	OKE	A	0.07%	0.1%	0.07%
	OMC	C	0.02%	0.03%	0.02%
	ON	D	0.03%	0.04%	0.03%
	ORCL	B	0.32%	0.47%	0.32%
	ORLY	B	0.08%	0.11%	0.08%
	OTIS	C	0.04%	0.06%	0.04%
	OXY	D	0.04%	0.05%	0.04%
	PANW	C	0.14%	0.19%	0.14%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	C	0.05%	0.07%	0.05%
	PCAR	B	0.07%	0.09%	0.07%
	PCG	A	0.05%	0.06%	0.05%
	PEG	A	0.05%	0.07%	0.05%
	PEP	F	0.24%	0.32%	0.24%
	PFE	D	0.16%	0.21%	0.16%
	PFG	D	0.02%	0.03%	0.02%
	PG	A	0.42%	0.6%	0.42%
	PGR	A	0.16%	0.22%	0.16%
	PH	A	0.1%	0.13%	0.1%
	PHM	D	0.03%	0.04%	0.03%
	PKG	A	0.02%	0.03%	0.02%
	PLD	D	0.11%	0.16%	0.11%
	PLTR	B	0.13%	0.19%	0.13%
	PM	B	0.21%	0.3%	0.21%
	PNC	B	0.09%	0.12%	0.09%
	PNR	A	0.02%	0.03%	0.02%
	PODD	C	0.02%	0.03%	0.02%
	POOL	C	0.01%	0.02%	0.01%
	PPG	F	0.03%	0.04%	0.03%
	PPL	B	0.03%	0.04%	0.03%
	PRU	A	0.05%	0.07%	0.05%
	PSA	D	0.06%	0.08%	0.06%
	PSX	C	0.06%	0.09%	0.06%
	PTC	A	0.02%	0.04%	0.02%
	PWR	A	0.05%	0.07%	0.05%
	PYPL	B	0.09%	0.12%	0.09%
	QCOM	F	0.2%	0.28%	0.2%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.06%	0.09%	0.06%
	REG	B	0.01%	0.02%	0.01%
	REGN	F	0.09%	0.12%	0.09%
	RF	A	0.03%	0.04%	0.03%
	RJF	A	0.03%	0.05%	0.03%
	RMD	C	0.04%	0.05%	0.04%
	ROK	B	0.04%	0.05%	0.04%
	ROL	B	0.02%	0.02%	0.02%
	ROP	B	0.07%	0.09%	0.07%
	ROST	C	0.05%	0.07%	0.05%
	RSG	A	0.05%	0.07%	0.05%
	RTX	C	0.17%	0.24%	0.17%
	RVTY	F	0.02%	0.02%	0.02%
	SBAC	D	0.03%	0.03%	0.03%
	SBUX	A	0.12%	0.17%	0.12%
	SCHW	B	0.13%	0.18%	0.13%
	SHW	A	0.1%	0.14%	0.1%
	SJM	D	0.01%	0.02%	0.01%
	SLB	C	0.07%	0.09%	0.07%
	SMCI	F	0.01%	0.02%	0.01%
	SNA	A	0.02%	0.03%	0.02%
	SNPS	B	0.09%	0.12%	0.09%
	SO	D	0.1%	0.15%	0.1%
	SOLV	C	0.01%	0.01%	0.01%
	SPG	B	0.06%	0.09%	0.06%
	SPGI	C	0.18%	0.24%	0.18%
	SRE	A	0.06%	0.09%	0.06%
	STE	F	0.02%	0.03%	0.02%
	STLD	B	0.02%	0.03%	0.02%
	STT	A	0.03%	0.04%	0.03%
	STX	D	0.02%	0.03%	0.02%
	STZ	D	0.04%	0.06%	0.04%
	SW	A	0.03%	0.04%	0.03%
	SWK	D	0.01%	0.02%	0.01%
	SWKS	F	0.01%	0.02%	0.01%
	SYF	B	0.03%	0.04%	0.03%
	SYK	C	0.14%	0.2%	0.14%
	SYY	B	0.04%	0.05%	0.04%
	T	A	0.17%	0.24%	0.17%
	TAP	C	0.01%	0.02%	0.01%
	TDG	D	0.08%	0.1%	0.08%
	TDY	B	0.02%	0.03%	0.02%
	TECH	D	0.01%	0.02%	0.01%
	TER	D	0.02%	0.02%	0.02%
	TFC	A	0.07%	0.1%	0.07%
	TFX	F	0.01%	0.01%	0.01%
	TGT	F	0.08%	0.11%	0.08%
	TJX	A	0.15%	0.2%	0.15%
	TMO	F	0.22%	0.29%	0.22%
	TMUS	B	0.13%	0.19%	0.13%
	TRGP	B	0.05%	0.06%	0.05%
	TRMB	B	0.02%	0.03%	0.02%
	TROW	B	0.03%	0.04%	0.03%
	TRV	B	0.06%	0.09%	0.06%
	TSCO	D	0.03%	0.05%	0.03%
	TSLA	B	0.93%	1.49%	0.93%
	TSN	B	0.02%	0.03%	0.02%
	TT	A	0.1%	0.14%	0.1%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	C	0.2%	0.27%	0.2%
	TXT	D	0.02%	0.02%	0.02%
	TYL	B	0.03%	0.04%	0.03%
	UBER	D	0.16%	0.2%	0.16%
	UDR	B	0.01%	0.02%	0.01%
	UHS	D	0.01%	0.02%	0.01%
	ULTA	F	0.02%	0.02%	0.02%
	UNH	C	0.59%	0.8%	0.59%
	UNP	C	0.15%	0.21%	0.15%
	UPS	C	0.1%	0.14%	0.1%
	URI	B	0.06%	0.08%	0.06%
	USB	A	0.08%	0.12%	0.08%
	V	A	0.56%	0.74%	0.56%
	VICI	C	0.04%	0.05%	0.04%
	VLO	C	0.05%	0.07%	0.05%
	VLTO	D	0.03%	0.04%	0.03%
	VMC	B	0.04%	0.05%	0.04%
	VRSK	A	0.04%	0.06%	0.04%
	VRSN	F	0.02%	0.02%	0.02%
	VRTX	F	0.13%	0.17%	0.13%
	VST	B	0.05%	0.08%	0.05%
	VTR	C	0.03%	0.04%	0.03%
	VTRS	A	0.02%	0.02%	0.02%
	VZ	C	0.19%	0.26%	0.19%
	WAB	B	0.04%	0.05%	0.04%
	WAT	B	0.02%	0.03%	0.02%
	WBA	F	0.01%	0.01%	0.01%
	WBD	C	0.02%	0.03%	0.02%
	WDC	D	0.02%	0.03%	0.02%
	WEC	A	0.03%	0.05%	0.03%
	WELL	A	0.08%	0.12%	0.08%
	WFC	A	0.27%	0.38%	0.27%
	WM	A	0.09%	0.13%	0.09%
	WMB	A	0.07%	0.1%	0.07%
	WMT	A	0.4%	0.57%	0.4%
	WRB	A	0.02%	0.03%	0.02%
	WST	C	0.03%	0.03%	0.03%
	WTW	B	0.03%	0.05%	0.03%
	WY	D	0.02%	0.03%	0.02%
	WYNN	D	0.01%	0.01%	0.01%
	XEL	A	0.04%	0.06%	0.04%
	XOM	B	0.58%	0.79%	0.58%
	XYL	D	0.03%	0.04%	0.03%
	YUM	B	0.04%	0.05%	0.04%
	ZBH	C	0.02%	0.03%	0.02%
	ZBRA	B	0.02%	0.03%	0.02%
	ZTS	D	0.09%	0.12%	0.09%

PHDG Overweight 15 Positions Relative to TOK

	Symbol	Grade	Weight
	UAL	A	0.03%
	FMC	D	0.01%
	MHK	D	0.01%
	BWA	D	0.01%
	IVZ	B	0.01%
	HAS	D	0.01%
	CZR	F	0.01%
	RL	B	0.01%
	FRT	B	0.01%
	GL	B	0.01%
	PNW	B	0.01%
	GNRC	B	0.01%
	NCLH	B	0.01%
	TPR	B	0.01%
	NWS	B	0.0%

PHDG Underweight 107 Positions Relative to TOK

	Symbol	Grade	Weight
	MELI	D	-0.13%
	MRVL	B	-0.12%
	MSTR	C	-0.1%
	APP	B	-0.1%
	APO	B	-0.1%
	CRH	A	-0.1%
	COIN	C	-0.09%
	VRT	B	-0.08%
	TTD	B	-0.08%
	DASH	A	-0.08%
	WDAY	B	-0.08%
	FLUT	A	-0.07%
	TEL	B	-0.07%
	WCN	A	-0.07%
	LNG	B	-0.07%
	SQ	B	-0.07%
	SNOW	C	-0.06%
	FERG	B	-0.06%
	TEAM	A	-0.06%
	NET	B	-0.05%
	ALNY	D	-0.05%
	ARES	A	-0.05%
	VEEV	C	-0.05%
	HUBS	A	-0.05%
	DDOG	A	-0.05%
	EME	C	-0.04%
	RBLX	C	-0.04%
	LPLA	A	-0.04%
	TPL	A	-0.04%
	MANH	D	-0.03%
	OC	A	-0.03%
	SUI	D	-0.03%
	FNF	B	-0.03%
	HEI	B	-0.03%
	DKNG	B	-0.03%
	RPM	A	-0.03%
	RS	B	-0.03%
	PINS	D	-0.03%
	DOCU	A	-0.03%
	WSO	A	-0.03%
	ZS	C	-0.03%
	HOOD	B	-0.03%
	BURL	A	-0.03%
	BAH	F	-0.03%
	EXE	B	-0.03%
	TRU	D	-0.03%
	ZM	B	-0.03%
	COO	D	-0.03%
	ILMN	D	-0.03%
	MDB	C	-0.03%
	LII	A	-0.03%
	FCNCA	A	-0.03%
	CSL	C	-0.03%
	MKL	A	-0.03%
	EXAS	D	-0.02%
	WTRG	B	-0.02%
	RPRX	D	-0.02%
	Z	A	-0.02%
	CNH	C	-0.02%
	NBIX	C	-0.02%
	SNAP	C	-0.02%
	BMRN	D	-0.02%
	OVV	B	-0.02%
	AMH	D	-0.02%
	WPC	D	-0.02%
	IOT	A	-0.02%
	DKS	C	-0.02%
	GLPI	C	-0.02%
	OKTA	C	-0.02%
	ELS	C	-0.02%
	AVTR	F	-0.02%
	CG	A	-0.02%
	HEI	B	-0.02%
	DT	C	-0.02%
	ACM	A	-0.02%
	GGG	B	-0.02%
	TW	A	-0.02%
	EQH	B	-0.02%
	TOST	B	-0.02%
	ENTG	D	-0.02%
	PSTG	D	-0.02%
	SSNC	B	-0.02%
	FWONK	B	-0.02%
	WSM	B	-0.02%
	UTHR	C	-0.02%
	TWLO	A	-0.02%
	CELH	F	-0.01%
	WLK	D	-0.01%
	UHAL	D	-0.01%
	DINO	D	-0.01%
	BBWI	D	-0.01%
	AZPN	A	-0.01%
	H	B	-0.01%
	ACI	C	-0.01%
	BIO	D	-0.01%
	BSY	D	-0.01%
	SEIC	B	-0.01%
	CHRD	D	-0.01%
	RIVN	F	-0.01%
	TTC	D	-0.01%
	ROKU	D	-0.01%
	FBIN	D	-0.01%
	ALLY	C	-0.01%
	NLY	C	-0.01%
	CCK	C	-0.01%
	AFG	A	-0.01%
	KNX	B	-0.01%

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

TOK: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Chemical Telecommunications Aerospace Real Estate Investment Trust Medicine Bank Semiconductor Cloud Computing Banking Mining IBD 50 Insurance Products