URTH vs. PHDG ETF Comparison

Comparison of iShares MSCI World Index Fund (URTH) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

URTH

iShares MSCI World Index Fund

URTH Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI World Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is designed to measure the performance of equity securities in the top 85% of equity market capitalization, as calculated by the index provider, in certain developed market countries.

Grade (RS Rating)

Last Trade

$147.49

Average Daily Volume

183,591

Number of Holdings ^*

634

* may have additional holdings in another (foreign) market

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

$37.41

Average Daily Volume

10,125

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	URTH	PHDG
30 Days	2.67%	3.67%
60 Days	5.28%	5.69%
90 Days	2.61%	2.17%
12 Months	21.70%	16.10%

481 Overlapping Holdings

	Symbol	Grade	Weight in URTH	Weight in PHDG	Overlap
	A	D	0.06%	0.05%	0.05%
	AAPL	B	4.71%	4.29%	4.29%
	ABBV	B	0.13%	0.42%	0.13%
	ABBV	B	0.45%	0.42%	0.42%
	ABNB	C	0.1%	0.09%	0.09%
	ABT	D	0.27%	0.25%	0.25%
	ACGL	B	0.06%	0.05%	0.05%
	ACN	D	0.29%	0.27%	0.27%
	ADBE	B	0.37%	0.33%	0.33%
	ADI	B	0.17%	0.16%	0.16%
	ADM	F	0.05%	0.05%	0.05%
	ADP	D	0.15%	0.14%	0.14%
	ADSK	B	0.08%	0.07%	0.07%
	AEE	D	0.03%	0.03%	0.03%
	AEP	C	0.07%	0.06%	0.06%
	AES	D	0.02%	0.02%	0.02%
	AFL	B	0.08%	0.07%	0.07%
	AIG	D	0.08%	0.07%	0.07%
	AIZ	D	0.01%	0.01%	0.01%
	AJG	B	0.08%	0.08%	0.08%
	AKAM	F	0.02%	0.02%	0.02%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	F	0.03%	0.02%	0.02%
	ALL	D	0.06%	0.06%	0.06%
	ALLE	C	0.02%	0.01%	0.01%
	AMAT	B	0.29%	0.27%	0.27%
	AMCR	C	0.02%	0.02%	0.02%
	AMD	B	0.39%	0.35%	0.35%
	AME	D	0.06%	0.05%	0.05%
	AMGN	B	0.25%	0.23%	0.23%
	AMP	C	0.07%	0.06%	0.06%
	AMT	B	0.14%	0.13%	0.13%
	AMZN	B	2.78%	2.47%	2.47%
	ANET	A	0.14%	0.12%	0.12%
	ANSS	D	0.04%	0.04%	0.04%
	AON	C	0.09%	0.09%	0.09%
	AOS	D	0.02%	0.01%	0.01%
	APA	D	0.02%	0.01%	0.01%
	APD	D	0.09%	0.08%	0.08%
	APH	B	0.12%	0.11%	0.11%
	APTV	F	0.03%	0.03%	0.03%
	ARE	C	0.03%	0.03%	0.03%
	ATO	B	0.03%	0.02%	0.02%
	AVB	A	0.04%	0.04%	0.04%
	AVGO	C	1.05%	0.97%	0.97%
	AVY	C	0.03%	0.03%	0.03%
	AWK	B	0.04%	0.04%	0.04%
	AXON	C	0.03%	0.03%	0.03%
	AXP	C	0.2%	0.18%	0.18%
	AZO	B	0.08%	0.07%	0.07%
	BA	D	0.16%	0.14%	0.14%
	BAC	A	0.42%	0.37%	0.37%
	BALL	D	0.03%	0.03%	0.03%
	BAX	F	0.02%	0.02%	0.02%
	BBWI	F	0.01%	0.01%	0.01%
	BBY	B	0.03%	0.02%	0.02%
	BDX	D	0.1%	0.09%	0.09%
	BEN	D	0.01%	0.01%	0.01%
	BG	B	0.02%	0.02%	0.02%
	BIIB	C	0.05%	0.05%	0.05%
	BIO	F	0.01%	0.01%	0.01%
	BK	A	0.07%	0.06%	0.06%
	BKNG	A	0.21%	0.19%	0.19%
	BKR	B	0.05%	0.05%	0.05%
	BLDR	F	0.03%	0.02%	0.02%
	BLK	B	0.17%	0.15%	0.15%
	BMY	F	0.13%	0.12%	0.12%
	BR	C	0.03%	0.03%	0.03%
	BRK.A	C	0.8%	1.04%	0.8%
	BRO	B	0.03%	0.03%	0.03%
	BSX	A	0.17%	0.16%	0.16%
	BX	B	0.13%	0.12%	0.12%
	BXP	B	0.01%	0.01%	0.01%
	C	C	0.17%	0.16%	0.16%
	CAG	D	0.02%	0.02%	0.02%
	CAH	D	0.04%	0.03%	0.03%
	CARR	B	0.08%	0.07%	0.07%
	CAT	C	0.25%	0.22%	0.22%
	CB	C	0.16%	0.15%	0.15%
	CBRE	B	0.04%	0.04%	0.04%
	CCI	C	0.06%	0.06%	0.06%
	CCL	B	0.03%	0.03%	0.03%
	CDNS	B	0.12%	0.12%	0.12%
	CDW	D	0.04%	0.04%	0.04%
	CE	F	0.02%	0.02%	0.02%
	CEG	C	0.1%	0.09%	0.09%
	CF	D	0.02%	0.02%	0.02%
	CFG	C	0.03%	0.02%	0.02%
	CHD	C	0.04%	0.04%	0.04%
	CHRW	B	0.01%	0.01%	0.01%
	CHTR	C	0.04%	0.04%	0.04%
	CI	D	0.15%	0.14%	0.14%
	CINF	C	0.03%	0.03%	0.03%
	CL	B	0.12%	0.11%	0.11%
	CLX	D	0.02%	0.02%	0.02%
	CMCSA	C	0.23%	0.21%	0.21%
	CME	D	0.1%	0.1%	0.1%
	CMG	C	0.13%	0.13%	0.13%
	CMI	D	0.06%	0.05%	0.05%
	CMS	D	0.03%	0.02%	0.02%
	CNC	F	0.05%	0.05%	0.05%
	CNP	A	0.03%	0.03%	0.03%
	COF	C	0.08%	0.07%	0.07%
	COP	D	0.2%	0.19%	0.19%
	COST	B	0.56%	0.53%	0.53%
	CPAY	D	0.03%	0.03%	0.03%
	CPB	C	0.01%	0.01%	0.01%
	CPRT	C	0.07%	0.07%	0.07%
	CPT	A	0.02%	0.02%	0.02%
	CRL	F	0.02%	0.01%	0.01%
	CRM	D	0.37%	0.33%	0.33%
	CRWD	B	0.13%	0.12%	0.12%
	CSCO	C	0.29%	0.27%	0.27%
	CSGP	D	0.05%	0.04%	0.04%
	CSX	C	0.1%	0.09%	0.09%
	CTAS	B	0.1%	0.08%	0.08%
	CTLT	B	0.01%	0.01%	0.01%
	CTRA	D	0.03%	0.03%	0.03%
	CTSH	C	0.05%	0.05%	0.05%
	CTVA	C	0.06%	0.05%	0.05%
	CVS	D	0.11%	0.11%	0.11%
	CVX	C	0.41%	0.38%	0.38%
	CZR	C	0.01%	0.01%	0.01%
	D	D	0.06%	0.06%	0.06%
	DAL	D	0.01%	0.04%	0.01%
	DAY	F	0.01%	0.01%	0.01%
	DD	B	0.05%	0.05%	0.05%
	DE	D	0.15%	0.14%	0.14%
	DECK	B	0.04%	0.04%	0.04%
	DFS	A	0.05%	0.04%	0.04%
	DG	D	0.04%	0.04%	0.04%
	DGX	D	0.02%	0.02%	0.02%
	DHI	D	0.06%	0.06%	0.06%
	DHR	D	0.27%	0.23%	0.23%
	DIS	D	0.28%	0.26%	0.26%
	DLR	A	0.07%	0.07%	0.07%
	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%	0.05%	0.05%
	DPZ	B	0.03%	0.03%	0.03%
	DRI	C	0.03%	0.03%	0.03%
	DTE	C	0.03%	0.03%	0.03%
	DUK	D	0.12%	0.11%	0.11%
	DVA	C	0.01%	0.01%	0.01%
	DVN	C	0.04%	0.04%	0.04%
	DXCM	F	0.07%	0.06%	0.06%
	EA	B	0.06%	0.05%	0.05%
	EBAY	B	0.04%	0.04%	0.04%
	ECL	B	0.09%	0.09%	0.09%
	ED	D	0.05%	0.04%	0.04%
	EFX	B	0.04%	0.04%	0.04%
	EG	B	0.02%	0.02%	0.02%
	EIX	D	0.04%	0.04%	0.04%
	EL	F	0.04%	0.04%	0.04%
	ELV	A	0.19%	0.17%	0.17%
	EMN	C	0.02%	0.02%	0.02%
	EMR	C	0.09%	0.08%	0.08%
	ENPH	F	0.02%	0.02%	0.02%
	EOG	C	0.11%	0.1%	0.1%
	EPAM	D	0.01%	0.01%	0.01%
	EQIX	C	0.11%	0.1%	0.1%
	EQR	A	0.04%	0.03%	0.03%
	EQT	D	0.02%	0.02%	0.02%
	ES	F	0.03%	0.03%	0.03%
	ESS	B	0.03%	0.02%	0.02%
	ETN	D	0.19%	0.18%	0.18%
	ETR	C	0.03%	0.03%	0.03%
	ETSY	F	0.01%	0.01%	0.01%
	EVRG	C	0.02%	0.02%	0.02%
	EW	B	0.08%	0.08%	0.08%
	EXC	D	0.05%	0.05%	0.05%
	EXPD	B	0.03%	0.03%	0.03%
	EXPE	C	0.03%	0.02%	0.02%
	EXR	B	0.05%	0.05%	0.05%
	F	C	0.07%	0.07%	0.07%
	FANG	C	0.05%	0.05%	0.05%
	FAST	F	0.05%	0.05%	0.05%
	FCX	D	0.11%	0.1%	0.1%
	FDS	D	0.02%	0.02%	0.02%
	FDX	A	0.1%	0.09%	0.09%
	FE	D	0.03%	0.03%	0.03%
	FFIV	C	0.02%	0.01%	0.01%
	FICO	A	0.06%	0.05%	0.05%
	FIS	B	0.07%	0.06%	0.06%
	FITB	C	0.04%	0.03%	0.03%
	FOX	A	0.01%	0.01%	0.01%
	FOXA	A	0.02%	0.01%	0.01%
	FSLR	C	0.04%	0.04%	0.04%
	FTNT	D	0.06%	0.05%	0.05%
	FTV	D	0.04%	0.04%	0.04%
	GD	C	0.1%	0.09%	0.09%
	GDDY	B	0.03%	0.03%	0.03%
	GE	D	0.26%	0.24%	0.24%
	GEHC	D	0.05%	0.05%	0.05%
	GEV	B	0.07%	0.07%	0.07%
	GILD	C	0.13%	0.12%	0.12%
	GIS	D	0.06%	0.05%	0.05%
	GLW	B	0.05%	0.04%	0.04%
	GM	B	0.08%	0.07%	0.07%
	GOOG	B	1.43%	1.26%	1.26%
	GOOGL	B	1.64%	1.51%	1.51%
	GPC	D	0.03%	0.03%	0.03%
	GPN	D	0.04%	0.03%	0.03%
	GRMN	B	0.04%	0.03%	0.03%
	GS	B	0.22%	0.21%	0.21%
	GWW	D	0.06%	0.06%	0.06%
	HAL	D	0.05%	0.04%	0.04%
	HBAN	C	0.03%	0.03%	0.03%
	HCA	C	0.1%	0.09%	0.09%
	HD	B	0.51%	0.47%	0.47%
	HES	D	0.06%	0.06%	0.06%
	HIG	B	0.05%	0.04%	0.04%
	HII	D	0.01%	0.01%	0.01%
	HLT	A	0.09%	0.07%	0.07%
	HOLX	C	0.03%	0.02%	0.02%
	HON	B	0.21%	0.2%	0.2%
	HPE	B	0.04%	0.04%	0.04%
	HPQ	B	0.05%	0.04%	0.04%
	HRL	F	0.01%	0.01%	0.01%
	HSIC	F	0.01%	0.01%	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	0.07%	0.06%	0.06%
	HWM	C	0.04%	0.04%	0.04%
	IBM	B	0.24%	0.22%	0.22%
	ICE	A	0.12%	0.11%	0.11%
	IDXX	D	0.06%	0.06%	0.06%
	IEX	D	0.02%	0.02%	0.02%
	IFF	B	0.04%	0.03%	0.03%
	INCY	B	0.02%	0.02%	0.02%
	INTC	F	0.2%	0.18%	0.18%
	INTU	B	0.27%	0.25%	0.25%
	INVH	A	0.03%	0.03%	0.03%
	IP	B	0.02%	0.02%	0.02%
	IPG	F	0.02%	0.02%	0.02%
	IQV	F	0.06%	0.05%	0.05%
	IR	C	0.06%	0.05%	0.05%
	IRM	A	0.04%	0.04%	0.04%
	ISRG	A	0.24%	0.22%	0.22%
	IT	B	0.05%	0.05%	0.05%
	ITW	D	0.11%	0.09%	0.09%
	J	D	0.03%	0.02%	0.02%
	JBHT	F	0.02%	0.02%	0.02%
	JBL	F	0.02%	0.02%	0.02%
	JCI	C	0.07%	0.06%	0.06%
	JKHY	B	0.02%	0.02%	0.02%
	JNJ	F	0.53%	0.49%	0.49%
	JNPR	B	0.02%	0.02%	0.02%
	JPM	A	0.86%	0.79%	0.79%
	K	D	0.02%	0.02%	0.02%
	KDP	C	0.06%	0.05%	0.05%
	KEY	C	0.02%	0.02%	0.02%
	KEYS	D	0.04%	0.03%	0.03%
	KHC	D	0.04%	0.04%	0.04%
	KIM	B	0.02%	0.02%	0.02%
	KKR	B	0.1%	0.1%	0.1%
	KLAC	B	0.17%	0.15%	0.15%
	KMB	B	0.07%	0.07%	0.07%
	KMI	A	0.06%	0.05%	0.05%
	KMX	B	0.02%	0.02%	0.02%
	KO	A	0.39%	0.35%	0.35%
	KR	D	0.05%	0.05%	0.05%
	KVUE	F	0.05%	0.05%	0.05%
	L	D	0.02%	0.02%	0.02%
	LDOS	B	0.03%	0.03%	0.03%
	LEN	D	0.06%	0.05%	0.05%
	LHX	A	0.06%	0.06%	0.06%
	LIN	B	0.32%	0.3%	0.3%
	LKQ	F	0.02%	0.02%	0.02%
	LLY	A	1.1%	1.0%	1.0%
	LMT	A	0.16%	0.14%	0.14%
	LNT	C	0.02%	0.02%	0.02%
	LOW	D	0.19%	0.18%	0.18%
	LRCX	B	0.21%	0.19%	0.19%
	LULU	F	0.05%	0.05%	0.05%
	LUV	B	0.01%	0.02%	0.01%
	LVS	F	0.03%	0.02%	0.02%
	LW	F	0.02%	0.02%	0.02%
	LYB	C	0.04%	0.03%	0.03%
	LYV	C	0.02%	0.02%	0.02%
	MA	D	0.55%	0.52%	0.52%
	MAA	B	0.02%	0.02%	0.02%
	MAR	B	0.09%	0.08%	0.08%
	MAS	D	0.02%	0.02%	0.02%
	MCD	D	0.28%	0.26%	0.26%
	MCHP	C	0.07%	0.07%	0.07%
	MCK	B	0.12%	0.11%	0.11%
	MCO	A	0.1%	0.09%	0.09%
	MDLZ	D	0.14%	0.12%	0.12%
	MDT	D	0.16%	0.15%	0.15%
	MET	D	0.07%	0.06%	0.06%
	META	B	1.71%	1.57%	1.57%
	MGM	B	0.02%	0.02%	0.02%
	MKC	D	0.03%	0.02%	0.02%
	MKTX	F	0.01%	0.01%	0.01%
	MLM	D	0.05%	0.05%	0.05%
	MMC	B	0.16%	0.14%	0.14%
	MMM	B	0.09%	0.08%	0.08%
	MNST	D	0.06%	0.05%	0.05%
	MO	B	0.12%	0.11%	0.11%
	MOH	F	0.03%	0.02%	0.02%
	MOS	D	0.02%	0.01%	0.01%
	MPC	D	0.09%	0.09%	0.09%
	MPWR	B	0.06%	0.05%	0.05%
	MRK	C	0.49%	0.46%	0.46%
	MRNA	D	0.06%	0.06%	0.06%
	MRO	B	0.02%	0.02%	0.02%
	MS	B	0.18%	0.17%	0.17%
	MSCI	F	0.06%	0.05%	0.05%
	MSFT	B	4.8%	4.69%	4.69%
	MSI	A	0.1%	0.09%	0.09%
	MTB	B	0.04%	0.03%	0.03%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	B	0.05%	0.04%	0.04%
	MU	C	0.22%	0.22%	0.22%
	NDAQ	C	0.04%	0.03%	0.03%
	NDSN	D	0.02%	0.02%	0.02%
	NEE	D	0.23%	0.21%	0.21%
	NEM	B	0.07%	0.07%	0.07%
	NFLX	B	0.45%	0.41%	0.41%
	NI	B	0.02%	0.02%	0.02%
	NKE	F	0.17%	0.16%	0.16%
	NOC	D	0.09%	0.08%	0.08%
	NOW	B	0.24%	0.22%	0.22%
	NRG	C	0.03%	0.03%	0.03%
	NSC	F	0.07%	0.07%	0.07%
	NTAP	A	0.04%	0.04%	0.04%
	NTRS	C	0.03%	0.02%	0.02%
	NUE	D	0.06%	0.05%	0.05%
	NVDA	B	4.65%	4.34%	4.34%
	NVR	C	0.04%	0.04%	0.04%
	NWSA	A	0.02%	0.01%	0.01%
	NXPI	B	0.1%	0.1%	0.1%
	O	D	0.07%	0.06%	0.06%
	ODFL	D	0.05%	0.04%	0.04%
	OKE	B	0.07%	0.07%	0.07%
	OMC	D	0.03%	0.02%	0.02%
	ON	F	0.04%	0.04%	0.04%
	ORCL	B	0.35%	0.31%	0.31%
	ORLY	B	0.09%	0.09%	0.09%
	OTIS	B	0.06%	0.05%	0.05%
	OXY	C	0.06%	0.06%	0.06%
	PANW	B	0.17%	0.15%	0.15%
	PARA	D	0.01%	0.01%	0.01%
	PAYC	F	0.01%	0.01%	0.01%
	PAYX	D	0.06%	0.05%	0.05%
	PCAR	D	0.08%	0.08%	0.08%
	PCG	D	0.05%	0.05%	0.05%
	PEG	B	0.05%	0.05%	0.05%
	PEP	D	0.34%	0.32%	0.32%
	PFE	C	0.24%	0.22%	0.22%
	PFG	D	0.03%	0.02%	0.02%
	PG	C	0.59%	0.55%	0.55%
	PGR	D	0.18%	0.17%	0.17%
	PH	C	0.1%	0.09%	0.09%
	PHM	D	0.04%	0.03%	0.03%
	PKG	B	0.03%	0.02%	0.02%
	PLD	C	0.15%	0.14%	0.14%
	PM	B	0.24%	0.22%	0.22%
	PNC	C	0.09%	0.08%	0.08%
	PNR	D	0.02%	0.02%	0.02%
	PODD	C	0.02%	0.02%	0.02%
	POOL	F	0.02%	0.02%	0.02%
	PPG	D	0.04%	0.04%	0.04%
	PPL	D	0.03%	0.03%	0.03%
	PRU	B	0.06%	0.06%	0.06%
	PSA	B	0.07%	0.06%	0.06%
	PSX	D	0.09%	0.08%	0.08%
	PTC	C	0.03%	0.03%	0.03%
	PWR	C	0.06%	0.05%	0.05%
	PYPL	F	0.09%	0.09%	0.09%
	QCOM	C	0.33%	0.31%	0.31%
	QRVO	B	0.02%	0.02%	0.02%
	RCL	A	0.06%	0.05%	0.05%
	REG	B	0.02%	0.01%	0.01%
	REGN	B	0.17%	0.16%	0.16%
	RF	C	0.03%	0.02%	0.02%
	RJF	C	0.04%	0.03%	0.03%
	RMD	D	0.04%	0.04%	0.04%
	ROK	D	0.05%	0.04%	0.04%
	ROL	B	0.02%	0.02%	0.02%
	ROP	A	0.09%	0.08%	0.08%
	ROST	B	0.07%	0.07%	0.07%
	RSG	A	0.06%	0.06%	0.06%
	RTX	D	0.2%	0.19%	0.19%
	SBAC	D	0.03%	0.03%	0.03%
	SBUX	F	0.13%	0.12%	0.12%
	SCHW	C	0.17%	0.15%	0.15%
	SHW	D	0.11%	0.1%	0.1%
	SJM	F	0.02%	0.02%	0.02%
	SLB	D	0.1%	0.09%	0.09%
	SMCI	C	0.07%	0.06%	0.06%
	SNA	D	0.02%	0.02%	0.02%
	SNPS	B	0.13%	0.13%	0.13%
	SO	B	0.13%	0.12%	0.12%
	SOLV	F	0.01%	0.01%	0.01%
	SPG	B	0.07%	0.07%	0.07%
	SPGI	B	0.22%	0.2%	0.2%
	SRE	B	0.07%	0.07%	0.07%
	STE	C	0.03%	0.03%	0.03%
	STLD	C	0.03%	0.03%	0.03%
	STT	C	0.04%	0.03%	0.03%
	STX	B	0.03%	0.03%	0.03%
	STZ	B	0.06%	0.06%	0.06%
	SWK	F	0.02%	0.02%	0.02%
	SWKS	B	0.03%	0.02%	0.02%
	SYF	A	0.03%	0.03%	0.03%
	SYK	B	0.18%	0.16%	0.16%
	SYY	D	0.05%	0.05%	0.05%
	T	A	0.2%	0.19%	0.19%
	TAP	F	0.01%	0.01%	0.01%
	TDG	C	0.11%	0.1%	0.1%
	TDY	D	0.03%	0.03%	0.03%
	TECH	D	0.02%	0.02%	0.02%
	TEL	B	0.07%	0.06%	0.06%
	TER	B	0.03%	0.03%	0.03%
	TFC	C	0.08%	0.07%	0.07%
	TFX	D	0.01%	0.01%	0.01%
	TGT	D	0.1%	0.09%	0.09%
	TJX	A	0.19%	0.18%	0.18%
	TMO	D	0.32%	0.3%	0.3%
	TMUS	B	0.14%	0.13%	0.13%
	TRGP	A	0.04%	0.04%	0.04%
	TRMB	C	0.02%	0.02%	0.02%
	TROW	B	0.04%	0.04%	0.04%
	TRV	D	0.07%	0.07%	0.07%
	TSCO	C	0.04%	0.04%	0.04%
	TSLA	C	0.85%	0.76%	0.76%
	TSN	C	0.02%	0.02%	0.02%
	TT	B	0.11%	0.1%	0.1%
	TTWO	B	0.04%	0.03%	0.03%
	TXN	B	0.26%	0.24%	0.24%
	TXT	D	0.03%	0.02%	0.02%
	TYL	A	0.03%	0.03%	0.03%
	UBER	B	0.2%	0.2%	0.2%
	UDR	B	0.02%	0.02%	0.02%
	UHS	B	0.02%	0.02%	0.02%
	ULTA	F	0.03%	0.03%	0.03%
	UNH	C	0.67%	0.62%	0.62%
	UNP	D	0.2%	0.19%	0.19%
	UPS	D	0.15%	0.14%	0.14%
	URI	C	0.06%	0.06%	0.06%
	USB	C	0.09%	0.09%	0.09%
	V	D	0.63%	0.6%	0.6%
	VICI	C	0.05%	0.04%	0.04%
	VLO	C	0.08%	0.07%	0.07%
	VLTO	C	0.04%	0.03%	0.03%
	VMC	D	0.05%	0.05%	0.05%
	VRSK	A	0.06%	0.05%	0.05%
	VRSN	C	0.03%	0.02%	0.02%
	VRTX	B	0.18%	0.17%	0.17%
	VST	C	0.05%	0.04%	0.04%
	VTR	A	0.03%	0.03%	0.03%
	VTRS	D	0.02%	0.02%	0.02%
	VZ	B	0.26%	0.24%	0.24%
	WAB	D	0.04%	0.04%	0.04%
	WAT	F	0.03%	0.02%	0.02%
	WBA	F	0.01%	0.02%	0.01%
	WBD	D	0.03%	0.02%	0.02%
	WDC	B	0.04%	0.03%	0.03%
	WEC	D	0.04%	0.03%	0.03%
	WELL	A	0.09%	0.08%	0.08%
	WFC	C	0.3%	0.28%	0.28%
	WM	A	0.13%	0.11%	0.11%
	WMB	A	0.08%	0.07%	0.07%
	WMT	A	0.45%	0.41%	0.41%
	WRB	C	0.02%	0.02%	0.02%
	WRK	D	0.02%	0.02%	0.02%
	WST	D	0.04%	0.03%	0.03%
	WTW	B	0.04%	0.04%	0.04%
	WY	F	0.03%	0.03%	0.03%
	WYNN	D	0.01%	0.01%	0.01%
	XEL	D	0.04%	0.04%	0.04%
	XOM	C	0.78%	0.72%	0.72%
	XYL	C	0.05%	0.05%	0.05%
	YUM	D	0.06%	0.05%	0.05%
	ZBH	D	0.03%	0.03%	0.03%
	ZBRA	C	0.02%	0.02%	0.02%
	ZTS	C	0.12%	0.11%	0.11%

URTH Overweight 153 Positions Relative to PHDG

	Symbol	Grade	Weight
	NVO	B	0.7%
	TM	D	0.32%
	NVS	A	0.31%
	UL	B	0.21%
	MUFG	C	0.17%
	SONY	C	0.15%
	FI	D	0.14%
	SMFG	A	0.13%
	DEO	F	0.11%
	MELI	B	0.11%
	CNI	D	0.1%
	MRVL	C	0.09%
	MFG	A	0.08%
	CRH	D	0.08%
	STLA	F	0.07%
	LYG	B	0.07%
	WCN	A	0.07%
	APO	A	0.07%
	WDAY	D	0.07%
	HMC	D	0.07%
	PLTR	B	0.07%
	DELL	C	0.06%
	FERG	D	0.06%
	BCS	C	0.06%
	SNOW	D	0.06%
	COR	C	0.06%
	LNG	B	0.06%
	COIN	C	0.06%
	TTD	A	0.06%
	ALNY	B	0.05%
	DASH	D	0.05%
	VRT	D	0.05%
	E	D	0.05%
	SQ	D	0.05%
	DDOG	B	0.05%
	MSTR	C	0.04%
	NET	B	0.04%
	ARES	D	0.04%
	STM	F	0.04%
	PINS	B	0.04%
	SE	B	0.04%
	TEAM	D	0.04%
	HUBS	C	0.04%
	VEEV	F	0.04%
	GOLD	C	0.04%
	COO	D	0.03%
	LH	C	0.03%
	SNAP	B	0.03%
	FCNCA	C	0.03%
	LII	B	0.03%
	ZS	C	0.03%
	WSM	C	0.03%
	EME	C	0.03%
	MDB	F	0.03%
	RBLX	B	0.03%
	TEVA	B	0.03%
	AER	B	0.03%
	CSL	C	0.03%
	NMR	C	0.03%
	PSTG	B	0.03%
	LPLA	B	0.03%
	MKL	C	0.03%
	GIB	D	0.03%
	ENTG	B	0.03%
	BAH	B	0.03%
	CHRD	C	0.02%
	WTRG	C	0.02%
	RPRX	F	0.02%
	BSY	D	0.02%
	TW	C	0.02%
	ELS	B	0.02%
	ACM	D	0.02%
	AMH	A	0.02%
	WPC	D	0.02%
	HOOD	B	0.02%
	FNF	C	0.02%
	DT	F	0.02%
	GLPI	B	0.02%
	OVV	C	0.02%
	CYBR	B	0.02%
	NBIX	C	0.02%
	HEI	B	0.02%
	TPL	B	0.02%
	RVTY	D	0.02%
	GGG	D	0.02%
	DKS	B	0.02%
	XRX	F	0.02%
	RPM	D	0.02%
	FWONK	B	0.02%
	TRU	C	0.02%
	ZM	D	0.02%
	UTHR	A	0.02%
	EQH	B	0.02%
	GEN	B	0.02%
	SSNC	B	0.02%
	OC	C	0.02%
	CCEP	B	0.02%
	AVTR	F	0.02%
	WSO	C	0.02%
	OKTA	C	0.02%
	DKNG	D	0.02%
	MANH	B	0.02%
	BMRN	C	0.02%
	LOGI	B	0.02%
	APP	B	0.02%
	SUI	C	0.02%
	BURL	B	0.02%
	RS	D	0.02%
	ILMN	F	0.02%
	CHKP	B	0.02%
	FUTU	D	0.01%
	U	F	0.01%
	CFLT	C	0.01%
	UHAL	D	0.01%
	AGCO	F	0.01%
	PCTY	F	0.01%
	AZPN	C	0.01%
	IOT	D	0.01%
	PATH	F	0.01%
	RGEN	D	0.01%
	GRAB	C	0.01%
	ROKU	D	0.01%
	TS	F	0.01%
	H	B	0.01%
	WLK	D	0.01%
	ACI	F	0.01%
	CLF	D	0.01%
	EXAS	F	0.01%
	KNX	C	0.01%
	LSCC	F	0.01%
	SEIC	D	0.01%
	DINO	D	0.01%
	Z	C	0.01%
	AFG	D	0.01%
	WIX	B	0.01%
	CELH	F	0.01%
	NLY	B	0.01%
	MNDY	B	0.01%
	FBIN	F	0.01%
	TWLO	D	0.01%
	RIVN	C	0.01%
	TOST	B	0.01%
	ERIE	C	0.01%
	CG	C	0.01%
	TTC	B	0.01%
	HEI	B	0.01%
	CCK	F	0.01%
	CHK	D	0.01%
	ALLY	B	0.01%
	CNH	F	0.01%
	DOCU	D	0.01%
	DOOO	D	0.0%
	GLBE	B	0.0%

URTH Underweight 16 Positions Relative to PHDG

	Symbol	Grade	Weight
	CBOE	D	-0.03%
	UAL	D	-0.02%
	MHK	C	-0.01%
	IVZ	D	-0.01%
	RL	B	-0.01%
	FMC	D	-0.01%
	GL	C	-0.01%
	AAL	F	-0.01%
	FRT	C	-0.01%
	BWA	F	-0.01%
	HAS	C	-0.01%
	NCLH	B	-0.01%
	GNRC	D	-0.01%
	PNW	C	-0.01%
	TPR	B	-0.01%
	NWS	A	-0.0%

URTH: Top Represented Industries & Keywords

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

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

PHDG: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies 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 Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank