PHDG vs. UPRO ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to ProShares UltraPro S&P 500 (UPRO)

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

$37.54

Average Daily Volume

9,984

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

UPRO

ProShares UltraPro S&P 500

UPRO Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.20

Average Daily Volume

4,766,670

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	UPRO
30 Days	2.99%	8.00%
60 Days	6.23%	27.08%
90 Days	2.34%	10.27%
12 Months	14.62%	70.82%

496 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in UPRO	Overlap
A	C	0.05%	0.04%	0.04%
AAL	F	0.01%	0.01%	0.01%
AAPL	B	4.31%	3.61%	3.61%
ABBV	B	0.42%	0.34%	0.34%
ABNB	C	0.09%	0.07%	0.07%
ABT	C	0.25%	0.21%	0.21%
ACGL	A	0.05%	0.04%	0.04%
ACN	C	0.25%	0.21%	0.21%
ADBE	C	0.33%	0.27%	0.27%
ADI	B	0.16%	0.13%	0.13%
ADM	C	0.04%	0.04%	0.04%
ADP	B	0.14%	0.12%	0.12%
ADSK	B	0.07%	0.06%	0.06%
AEE	D	0.03%	0.02%	0.02%
AEP	C	0.06%	0.05%	0.05%
AES	C	0.02%	0.01%	0.01%
AFL	A	0.06%	0.05%	0.05%
AIG	C	0.07%	0.06%	0.06%
AIZ	D	0.01%	0.01%	0.01%
AJG	A	0.08%	0.06%	0.06%
AKAM	F	0.02%	0.02%	0.02%
ALB	F	0.02%	0.01%	0.01%
ALGN	F	0.02%	0.02%	0.02%
ALL	D	0.06%	0.05%	0.05%
ALLE	D	0.01%	0.01%	0.01%
AMAT	B	0.29%	0.23%	0.23%
AMCR	B	0.02%	0.02%	0.02%
AMD	B	0.35%	0.29%	0.29%
AME	D	0.05%	0.04%	0.04%
AMGN	B	0.23%	0.19%	0.19%
AMP	A	0.06%	0.05%	0.05%
AMT	B	0.12%	0.1%	0.1%
AMZN	A	2.31%	1.93%	1.93%
ANET	B	0.12%	0.1%	0.1%
ANSS	C	0.04%	0.03%	0.03%
AON	C	0.08%	0.07%	0.07%
AOS	C	0.01%	0.01%	0.01%
APA	F	0.01%	0.01%	0.01%
APD	B	0.08%	0.07%	0.07%
APH	B	0.12%	0.1%	0.1%
APTV	D	0.03%	0.02%	0.02%
ARE	C	0.03%	0.02%	0.02%
ATO	B	0.02%	0.02%	0.02%
AVB	A	0.04%	0.03%	0.03%
AVGO	B	1.1%	0.92%	0.92%
AVY	A	0.03%	0.02%	0.02%
AWK	B	0.04%	0.03%	0.03%
AXON	C	0.03%	0.02%	0.02%
AXP	C	0.18%	0.15%	0.15%
AZO	C	0.07%	0.06%	0.06%
BA	D	0.14%	0.12%	0.12%
BAC	B	0.38%	0.31%	0.31%
BALL	D	0.03%	0.02%	0.02%
BAX	D	0.02%	0.02%	0.02%
BBWI	D	0.01%	0.01%	0.01%
BBY	B	0.02%	0.02%	0.02%
BDX	C	0.09%	0.08%	0.08%
BEN	D	0.01%	0.01%	0.01%
BG	C	0.02%	0.02%	0.02%
BIIB	C	0.04%	0.04%	0.04%
BIO	D	0.01%	0.01%	0.01%
BK	B	0.06%	0.05%	0.05%
BKNG	A	0.19%	0.16%	0.16%
BKR	C	0.04%	0.04%	0.04%
BLDR	F	0.03%	0.02%	0.02%
BLK	B	0.15%	0.13%	0.13%
BMY	D	0.12%	0.1%	0.1%
BR	B	0.03%	0.03%	0.03%
BRK.A	C	1.03%	0.85%	0.85%
BRO	A	0.03%	0.02%	0.02%
BSX	A	0.15%	0.13%	0.13%
BWA	F	0.01%	0.01%	0.01%
BX	C	0.12%	0.1%	0.1%
BXP	C	0.01%	0.01%	0.01%
C	D	0.16%	0.13%	0.13%
CAG	D	0.02%	0.02%	0.02%
CAH	B	0.04%	0.03%	0.03%
CARR	B	0.08%	0.06%	0.06%
CAT	C	0.23%	0.19%	0.19%
CB	B	0.15%	0.12%	0.12%
CBOE	C	0.02%	0.02%	0.02%
CBRE	B	0.04%	0.03%	0.03%
CCI	D	0.06%	0.05%	0.05%
CCL	C	0.02%	0.02%	0.02%
CDNS	B	0.12%	0.1%	0.1%
CDW	C	0.04%	0.03%	0.03%
CE	D	0.02%	0.02%	0.02%
CEG	B	0.1%	0.08%	0.08%
CF	D	0.02%	0.02%	0.02%
CFG	C	0.02%	0.02%	0.02%
CHD	A	0.04%	0.03%	0.03%
CHRW	B	0.01%	0.01%	0.01%
CHTR	C	0.04%	0.03%	0.03%
CI	C	0.14%	0.11%	0.11%
CINF	C	0.02%	0.02%	0.02%
CL	A	0.11%	0.09%	0.09%
CLX	D	0.02%	0.02%	0.02%
CMA	C	0.01%	0.01%	0.01%
CMCSA	D	0.2%	0.17%	0.17%
CME	D	0.1%	0.08%	0.08%
CMG	B	0.13%	0.11%	0.11%
CMI	C	0.05%	0.04%	0.04%
CMS	D	0.02%	0.02%	0.02%
CNC	D	0.05%	0.04%	0.04%
CNP	A	0.03%	0.02%	0.02%
COF	D	0.07%	0.06%	0.06%
COP	D	0.18%	0.15%	0.15%
COST	B	0.53%	0.44%	0.44%
CPAY	D	0.03%	0.02%	0.02%
CPB	C	0.01%	0.01%	0.01%
CPRT	C	0.07%	0.05%	0.05%
CPT	A	0.02%	0.01%	0.01%
CRL	D	0.01%	0.01%	0.01%
CRM	D	0.31%	0.26%	0.26%
CSCO	C	0.26%	0.21%	0.21%
CSGP	F	0.04%	0.03%	0.03%
CSX	D	0.09%	0.07%	0.07%
CTAS	A	0.08%	0.07%	0.07%
CTLT	B	0.01%	0.01%	0.01%
CTRA	D	0.03%	0.02%	0.02%
CTSH	C	0.05%	0.04%	0.04%
CTVA	C	0.05%	0.04%	0.04%
CVS	C	0.11%	0.09%	0.09%
CVX	C	0.37%	0.3%	0.3%
CZR	C	0.01%	0.01%	0.01%
D	D	0.06%	0.05%	0.05%
DAL	D	0.04%	0.04%	0.04%
DAY	F	0.01%	0.01%	0.01%
DD	B	0.05%	0.04%	0.04%
DE	D	0.14%	0.11%	0.11%
DECK	B	0.04%	0.03%	0.03%
DFS	B	0.04%	0.04%	0.04%
DG	D	0.04%	0.03%	0.03%
DGX	B	0.02%	0.02%	0.02%
DHI	C	0.06%	0.05%	0.05%
DHR	B	0.23%	0.19%	0.19%
DIS	C	0.26%	0.21%	0.21%
DLR	B	0.07%	0.05%	0.05%
DLTR	F	0.03%	0.03%	0.03%
DOC	B	0.02%	0.02%	0.02%
DOV	B	0.04%	0.03%	0.03%
DOW	D	0.05%	0.04%	0.04%
DPZ	B	0.03%	0.02%	0.02%
DRI	C	0.03%	0.02%	0.02%
DTE	C	0.03%	0.03%	0.03%
DUK	C	0.11%	0.09%	0.09%
DVA	B	0.01%	0.01%	0.01%
DVN	D	0.04%	0.03%	0.03%
DXCM	C	0.06%	0.05%	0.05%
EA	B	0.05%	0.04%	0.04%
EBAY	A	0.04%	0.03%	0.03%
ECL	A	0.09%	0.07%	0.07%
ED	D	0.04%	0.04%	0.04%
EFX	B	0.04%	0.03%	0.03%
EG	B	0.02%	0.02%	0.02%
EIX	D	0.04%	0.03%	0.03%
EL	F	0.04%	0.03%	0.03%
ELV	B	0.17%	0.14%	0.14%
EMN	B	0.02%	0.01%	0.01%
EMR	C	0.09%	0.07%	0.07%
ENPH	D	0.02%	0.02%	0.02%
EOG	C	0.1%	0.08%	0.08%
EPAM	D	0.01%	0.01%	0.01%
EQIX	C	0.1%	0.08%	0.08%
EQR	A	0.03%	0.03%	0.03%
EQT	D	0.02%	0.02%	0.02%
ES	D	0.03%	0.02%	0.02%
ESS	B	0.03%	0.02%	0.02%
ETN	D	0.18%	0.15%	0.15%
ETR	D	0.03%	0.03%	0.03%
ETSY	F	0.01%	0.01%	0.01%
EVRG	D	0.02%	0.01%	0.01%
EW	B	0.07%	0.06%	0.06%
EXC	D	0.05%	0.04%	0.04%
EXPD	B	0.03%	0.02%	0.02%
EXPE	B	0.02%	0.02%	0.02%
EXR	A	0.05%	0.04%	0.04%
F	D	0.06%	0.05%	0.05%
FANG	C	0.05%	0.04%	0.04%
FAST	C	0.05%	0.04%	0.04%
FCX	C	0.09%	0.08%	0.08%
FDS	C	0.02%	0.02%	0.02%
FDX	C	0.08%	0.07%	0.07%
FE	D	0.03%	0.02%	0.02%
FFIV	D	0.01%	0.01%	0.01%
FICO	A	0.05%	0.04%	0.04%
FIS	B	0.06%	0.05%	0.05%
FITB	C	0.03%	0.03%	0.03%
FMC	D	0.01%	0.01%	0.01%
FOX	A	0.01%	0.0%	0.0%
FOXA	A	0.01%	0.01%	0.01%
FRT	C	0.01%	0.01%	0.01%
FSLR	C	0.04%	0.03%	0.03%
FTNT	F	0.05%	0.04%	0.04%
FTV	D	0.04%	0.03%	0.03%
GD	A	0.09%	0.08%	0.08%
GE	B	0.25%	0.2%	0.2%
GEHC	C	0.05%	0.04%	0.04%
GEV	B	0.07%	0.05%	0.05%
GILD	C	0.11%	0.09%	0.09%
GIS	C	0.05%	0.04%	0.04%
GL	C	0.01%	0.01%	0.01%
GLW	A	0.04%	0.03%	0.03%
GM	B	0.08%	0.06%	0.06%
GNRC	D	0.01%	0.01%	0.01%
GOOG	A	1.21%	1.01%	1.01%
GOOGL	A	1.43%	1.2%	1.2%
GPC	D	0.03%	0.02%	0.02%
GPN	F	0.03%	0.03%	0.03%
GRMN	B	0.03%	0.03%	0.03%
GS	B	0.21%	0.17%	0.17%
GWW	C	0.06%	0.05%	0.05%
HAL	D	0.04%	0.03%	0.03%
HAS	B	0.01%	0.01%	0.01%
HBAN	C	0.02%	0.02%	0.02%
HCA	A	0.09%	0.08%	0.08%
HD	B	0.49%	0.4%	0.4%
HES	D	0.05%	0.05%	0.05%
HIG	A	0.04%	0.03%	0.03%
HII	D	0.01%	0.01%	0.01%
HLT	A	0.08%	0.06%	0.06%
HOLX	C	0.02%	0.02%	0.02%
HON	A	0.19%	0.16%	0.16%
HPE	B	0.04%	0.03%	0.03%
HPQ	B	0.04%	0.04%	0.04%
HRL	D	0.01%	0.01%	0.01%
HSIC	D	0.01%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.04%	0.03%	0.03%
HUBB	C	0.03%	0.02%	0.02%
HUM	C	0.06%	0.05%	0.05%
HWM	B	0.04%	0.04%	0.04%
IBM	C	0.22%	0.18%	0.18%
ICE	A	0.11%	0.09%	0.09%
IDXX	D	0.06%	0.05%	0.05%
IEX	D	0.02%	0.02%	0.02%
IFF	B	0.03%	0.03%	0.03%
ILMN	F	0.02%	0.02%	0.02%
INCY	B	0.02%	0.01%	0.01%
INTC	F	0.18%	0.15%	0.15%
INTU	C	0.24%	0.19%	0.19%
INVH	A	0.03%	0.02%	0.02%
IP	A	0.02%	0.02%	0.02%
IPG	F	0.02%	0.01%	0.01%
IQV	D	0.05%	0.04%	0.04%
IR	B	0.05%	0.04%	0.04%
IRM	A	0.04%	0.03%	0.03%
ISRG	A	0.21%	0.17%	0.17%
IT	C	0.05%	0.04%	0.04%
ITW	D	0.09%	0.07%	0.07%
IVZ	C	0.01%	0.01%	0.01%
J	C	0.02%	0.02%	0.02%
JBHT	F	0.02%	0.01%	0.01%
JBL	F	0.02%	0.02%	0.02%
JCI	B	0.07%	0.05%	0.05%
JKHY	C	0.02%	0.01%	0.01%
JNJ	C	0.49%	0.4%	0.4%
JNPR	B	0.02%	0.01%	0.01%
JPM	B	0.79%	0.65%	0.65%
K	D	0.02%	0.02%	0.02%
KDP	A	0.05%	0.04%	0.04%
KEY	D	0.02%	0.01%	0.01%
KEYS	D	0.03%	0.03%	0.03%
KHC	D	0.04%	0.03%	0.03%
KIM	B	0.02%	0.01%	0.01%
KLAC	B	0.16%	0.13%	0.13%
KMB	A	0.07%	0.05%	0.05%
KMI	A	0.05%	0.04%	0.04%
KMX	C	0.02%	0.01%	0.01%
KO	A	0.34%	0.28%	0.28%
KR	D	0.05%	0.04%	0.04%
KVUE	D	0.04%	0.04%	0.04%
L	C	0.02%	0.02%	0.02%
LDOS	B	0.03%	0.02%	0.02%
LEN	D	0.05%	0.04%	0.04%
LHX	A	0.06%	0.05%	0.05%
LIN	B	0.3%	0.25%	0.25%
LKQ	F	0.02%	0.01%	0.01%
LLY	B	0.98%	0.81%	0.81%
LMT	A	0.14%	0.11%	0.11%
LNT	C	0.02%	0.01%	0.01%
LOW	C	0.18%	0.15%	0.15%
LRCX	B	0.2%	0.16%	0.16%
LULU	F	0.05%	0.04%	0.04%
LUV	B	0.02%	0.02%	0.02%
LVS	C	0.02%	0.02%	0.02%
LW	C	0.02%	0.01%	0.01%
LYB	D	0.03%	0.03%	0.03%
LYV	C	0.02%	0.01%	0.01%
MA	C	0.51%	0.42%	0.42%
MAA	B	0.02%	0.02%	0.02%
MAR	B	0.08%	0.07%	0.07%
MAS	D	0.02%	0.02%	0.02%
MCD	D	0.25%	0.21%	0.21%
MCHP	C	0.07%	0.06%	0.06%
MCK	A	0.11%	0.09%	0.09%
MCO	A	0.09%	0.07%	0.07%
MDLZ	D	0.12%	0.1%	0.1%
MDT	C	0.15%	0.12%	0.12%
MET	C	0.06%	0.05%	0.05%
META	B	1.52%	1.28%	1.28%
MGM	C	0.02%	0.01%	0.01%
MHK	D	0.01%	0.01%	0.01%
MKC	D	0.02%	0.02%	0.02%
MKTX	F	0.01%	0.01%	0.01%
MLM	D	0.05%	0.04%	0.04%
MMC	A	0.14%	0.12%	0.12%
MMM	B	0.08%	0.06%	0.06%
MNST	F	0.05%	0.04%	0.04%
MO	A	0.11%	0.09%	0.09%
MOH	F	0.02%	0.02%	0.02%
MOS	F	0.01%	0.01%	0.01%
MPC	C	0.09%	0.07%	0.07%
MPWR	B	0.06%	0.05%	0.05%
MRK	A	0.45%	0.37%	0.37%
MRNA	C	0.06%	0.05%	0.05%
MRO	B	0.02%	0.02%	0.02%
MS	B	0.17%	0.14%	0.14%
MSCI	D	0.05%	0.04%	0.04%
MSFT	A	4.59%	3.82%	3.82%
MSI	A	0.09%	0.07%	0.07%
MTB	C	0.03%	0.03%	0.03%
MTCH	F	0.01%	0.01%	0.01%
MTD	B	0.04%	0.03%	0.03%
MU	B	0.23%	0.19%	0.19%
NCLH	C	0.01%	0.01%	0.01%
NDAQ	C	0.03%	0.02%	0.02%
NDSN	D	0.02%	0.01%	0.01%
NEE	B	0.2%	0.17%	0.17%
NEM	B	0.07%	0.05%	0.05%
NFLX	A	0.41%	0.34%	0.34%
NI	B	0.02%	0.01%	0.01%
NKE	C	0.16%	0.13%	0.13%
NOC	D	0.08%	0.07%	0.07%
NOW	C	0.21%	0.17%	0.17%
NRG	B	0.03%	0.02%	0.02%
NSC	D	0.07%	0.06%	0.06%
NTAP	B	0.04%	0.03%	0.03%
NTRS	C	0.02%	0.02%	0.02%
NUE	D	0.05%	0.04%	0.04%
NVDA	B	4.64%	3.71%	3.71%
NVR	C	0.03%	0.03%	0.03%
NWS	B	0.0%	0.0%	0.0%
NWSA	B	0.01%	0.01%	0.01%
NXPI	B	0.1%	0.08%	0.08%
O	C	0.06%	0.05%	0.05%
ODFL	D	0.04%	0.04%	0.04%
OKE	C	0.06%	0.05%	0.05%
OMC	C	0.02%	0.02%	0.02%
ON	D	0.04%	0.03%	0.03%
ORCL	B	0.32%	0.26%	0.26%
ORLY	B	0.09%	0.07%	0.07%
OTIS	C	0.05%	0.05%	0.05%
OXY	D	0.06%	0.05%	0.05%
PANW	B	0.14%	0.12%	0.12%
PARA	F	0.01%	0.01%	0.01%
PAYC	F	0.01%	0.01%	0.01%
PAYX	A	0.06%	0.05%	0.05%
PCAR	D	0.08%	0.06%	0.06%
PCG	C	0.05%	0.04%	0.04%
PEG	B	0.05%	0.04%	0.04%
PEP	C	0.32%	0.26%	0.26%
PFE	C	0.21%	0.17%	0.17%
PFG	C	0.02%	0.02%	0.02%
PG	A	0.55%	0.45%	0.45%
PGR	C	0.17%	0.14%	0.14%
PH	D	0.09%	0.07%	0.07%
PHM	D	0.03%	0.03%	0.03%
PKG	B	0.02%	0.02%	0.02%
PLD	C	0.14%	0.12%	0.12%
PM	B	0.22%	0.18%	0.18%
PNC	C	0.09%	0.07%	0.07%
PNR	C	0.02%	0.01%	0.01%
PNW	C	0.01%	0.01%	0.01%
PODD	B	0.02%	0.02%	0.02%
POOL	D	0.02%	0.02%	0.02%
PPG	D	0.04%	0.03%	0.03%
PPL	C	0.03%	0.02%	0.02%
PRU	B	0.06%	0.05%	0.05%
PSA	B	0.06%	0.05%	0.05%
PSX	C	0.08%	0.07%	0.07%
PTC	C	0.03%	0.02%	0.02%
PWR	B	0.06%	0.05%	0.05%
PYPL	D	0.09%	0.07%	0.07%
QCOM	B	0.35%	0.28%	0.28%
QRVO	B	0.02%	0.01%	0.01%
RCL	B	0.05%	0.04%	0.04%
REG	B	0.01%	0.01%	0.01%
REGN	A	0.15%	0.13%	0.13%
RF	C	0.02%	0.02%	0.02%
RHI	D	0.01%	0.01%	0.01%
RJF	C	0.03%	0.03%	0.03%
RL	B	0.01%	0.01%	0.01%
RMD	C	0.04%	0.04%	0.04%
ROK	F	0.04%	0.03%	0.03%
ROL	A	0.02%	0.02%	0.02%
ROP	A	0.08%	0.07%	0.07%
ROST	A	0.07%	0.06%	0.06%
RSG	B	0.05%	0.04%	0.04%
RTX	B	0.19%	0.16%	0.16%
SBAC	D	0.03%	0.02%	0.02%
SBUX	D	0.13%	0.11%	0.11%
SCHW	C	0.15%	0.12%	0.12%
SHW	C	0.1%	0.08%	0.08%
SJM	F	0.02%	0.01%	0.01%
SLB	D	0.09%	0.07%	0.07%
SMCI	B	0.06%	0.05%	0.05%
SNA	D	0.02%	0.02%	0.02%
SNPS	B	0.13%	0.11%	0.11%
SO	B	0.12%	0.1%	0.1%
SOLV	F	0.01%	0.01%	0.01%
SPG	B	0.07%	0.06%	0.06%
SPGI	B	0.19%	0.16%	0.16%
SRE	B	0.07%	0.05%	0.05%
STE	C	0.03%	0.02%	0.02%
STLD	C	0.03%	0.02%	0.02%
STT	D	0.03%	0.02%	0.02%
STX	B	0.03%	0.02%	0.02%
STZ	B	0.06%	0.05%	0.05%
SWK	D	0.02%	0.01%	0.01%
SWKS	B	0.02%	0.02%	0.02%
SYF	B	0.02%	0.02%	0.02%
SYK	B	0.16%	0.13%	0.13%
SYY	C	0.05%	0.04%	0.04%
T	A	0.18%	0.14%	0.14%
TAP	F	0.01%	0.01%	0.01%
TDG	B	0.1%	0.08%	0.08%
TDY	D	0.03%	0.02%	0.02%
TECH	C	0.02%	0.01%	0.01%
TEL	A	0.06%	0.05%	0.05%
TER	B	0.03%	0.03%	0.03%
TFC	C	0.07%	0.05%	0.05%
TFX	D	0.01%	0.01%	0.01%
TGT	C	0.09%	0.08%	0.08%
TJX	A	0.17%	0.14%	0.14%
TMO	D	0.3%	0.25%	0.25%
TMUS	B	0.13%	0.11%	0.11%
TPR	C	0.01%	0.01%	0.01%
TRGP	B	0.04%	0.03%	0.03%
TRMB	C	0.02%	0.02%	0.02%
TROW	B	0.04%	0.03%	0.03%
TRV	C	0.07%	0.05%	0.05%
TSCO	B	0.04%	0.04%	0.04%
TSLA	C	0.71%	0.6%	0.6%
TSN	C	0.02%	0.02%	0.02%
TT	B	0.11%	0.09%	0.09%
TTWO	B	0.03%	0.03%	0.03%
TXN	B	0.25%	0.2%	0.2%
TXT	C	0.02%	0.02%	0.02%
TYL	B	0.03%	0.02%	0.02%
UAL	D	0.02%	0.02%	0.02%
UBER	C	0.2%	0.17%	0.17%
UDR	B	0.02%	0.01%	0.01%
UHS	A	0.02%	0.01%	0.01%
ULTA	F	0.03%	0.02%	0.02%
UNH	D	0.62%	0.52%	0.52%
UNP	D	0.19%	0.15%	0.15%
UPS	D	0.13%	0.11%	0.11%
URI	C	0.06%	0.05%	0.05%
USB	C	0.08%	0.07%	0.07%
V	C	0.6%	0.49%	0.49%
VICI	D	0.04%	0.03%	0.03%
VLO	D	0.07%	0.06%	0.06%
VLTO	B	0.03%	0.03%	0.03%
VMC	D	0.05%	0.04%	0.04%
VRSK	A	0.05%	0.04%	0.04%
VRSN	C	0.02%	0.02%	0.02%
VRTX	B	0.17%	0.14%	0.14%
VST	C	0.04%	0.03%	0.03%
VTR	A	0.03%	0.02%	0.02%
VTRS	D	0.02%	0.01%	0.01%
VZ	B	0.23%	0.19%	0.19%
WAB	C	0.04%	0.03%	0.03%
WAT	D	0.02%	0.02%	0.02%
WBA	D	0.02%	0.01%	0.01%
WBD	F	0.02%	0.02%	0.02%
WDC	B	0.04%	0.03%	0.03%
WEC	D	0.03%	0.03%	0.03%
WELL	B	0.08%	0.07%	0.07%
WFC	C	0.29%	0.24%	0.24%
WM	C	0.11%	0.09%	0.09%
WMB	B	0.07%	0.06%	0.06%
WMT	A	0.4%	0.33%	0.33%
WRB	C	0.02%	0.02%	0.02%
WRK	C	0.02%	0.01%	0.01%
WST	D	0.03%	0.03%	0.03%
WTW	B	0.04%	0.03%	0.03%
WY	D	0.03%	0.02%	0.02%
WYNN	D	0.01%	0.01%	0.01%
XEL	D	0.04%	0.03%	0.03%
XOM	D	0.68%	0.56%	0.56%
XYL	B	0.05%	0.04%	0.04%
YUM	D	0.05%	0.04%	0.04%
ZBH	F	0.03%	0.03%	0.03%
ZBRA	D	0.02%	0.02%	0.02%
ZTS	C	0.11%	0.09%	0.09%

PHDG Overweight 0 Positions Relative to UPRO

	Symbol	Grade	Weight

PHDG Underweight 0 Positions Relative to UPRO

	Symbol	Grade	Weight