ZZZ vs. PHDG ETF Comparison

Comparison of Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

ZZZ

Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF

ZZZ Description

ZZZ blends two indices, splitting investments between traditional equities and Bitcoin futures. Approximately 75% of the funds assets are allocated to US large-cap stocks featured in the S&P 500. Simultaneously, the remaining 25% is dedicated to Bitcoin futures obtained through its wholly-owned Cayman Islands subsidiary. The fund rebalances monthly to maintain the 75/25 allocation, though the adviser retains the flexibility to rebalance more frequently during periods of significant price volatility. Note that the fund does not invest directly in Bitcoin, instead opting for USD-settled, front-month CME Bitcoin futures contracts. These contracts are typically rolled over in the last week of each month, although adjustments may occur based on prevailing market conditions. The fund holds high-quality securities, including US government securities, money market funds, and short-term corporate debts to manage risks associated with the contracts.

Grade (RS Rating)

Last Trade

$28.15

Average Daily Volume

695

Number of Holdings ^*

480

* 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

$38.15

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	ZZZ	PHDG
30 Days	12.11%	-1.45%
60 Days	12.51%	1.30%
90 Days	13.28%	1.18%
12 Months		18.05%

470 Overlapping Holdings

	Symbol	Grade	Weight in ZZZ	Weight in PHDG	Overlap
	A	D	0.04%	0.04%	0.04%
	AAPL	C	3.67%	3.74%	3.67%
	ABBV	F	0.32%	0.32%	0.32%
	ABNB	C	0.06%	0.06%	0.06%
	ABT	B	0.22%	0.22%	0.22%
	ACGL	C	0.04%	0.04%	0.04%
	ACN	B	0.24%	0.24%	0.24%
	ADBE	C	0.22%	0.25%	0.22%
	ADI	D	0.12%	0.11%	0.11%
	ADM	D	0.03%	0.03%	0.03%
	ADP	A	0.13%	0.13%	0.13%
	ADSK	A	0.07%	0.07%	0.07%
	AEE	A	0.03%	0.03%	0.03%
	AEP	C	0.05%	0.05%	0.05%
	AES	F	0.01%	0.01%	0.01%
	AFL	B	0.06%	0.06%	0.06%
	AIG	B	0.06%	0.05%	0.05%
	AIZ	A	0.02%	0.01%	0.01%
	AJG	A	0.07%	0.07%	0.07%
	AKAM	D	0.01%	0.01%	0.01%
	ALB	B	0.01%	0.01%	0.01%
	ALGN	D	0.03%	0.02%	0.02%
	ALL	A	0.07%	0.06%	0.06%
	ALLE	C	0.02%	0.01%	0.01%
	AMAT	F	0.15%	0.17%	0.15%
	AMCR	C	0.02%	0.02%	0.02%
	AMD	F	0.25%	0.24%	0.24%
	AME	A	0.04%	0.05%	0.04%
	AMGN	F	0.16%	0.17%	0.16%
	AMP	A	0.06%	0.06%	0.06%
	AMT	C	0.11%	0.1%	0.1%
	AMZN	C	2.04%	2.13%	2.04%
	ANET	C	0.08%	0.11%	0.08%
	ANSS	B	0.04%	0.03%	0.03%
	AON	A	0.09%	0.09%	0.09%
	AOS	F	0.01%	0.01%	0.01%
	APA	D	0.01%	0.01%	0.01%
	APD	A	0.07%	0.08%	0.07%
	APH	A	0.09%	0.09%	0.09%
	APTV	F	0.02%	0.02%	0.02%
	ARE	F	0.02%	0.02%	0.02%
	ATO	A	0.02%	0.02%	0.02%
	AVB	B	0.03%	0.03%	0.03%
	AVGO	D	0.76%	0.86%	0.76%
	AVY	F	0.02%	0.02%	0.02%
	AWK	C	0.03%	0.03%	0.03%
	AXON	A	0.07%	0.05%	0.05%
	AXP	A	0.19%	0.17%	0.17%
	BA	F	0.1%	0.11%	0.1%
	BAC	A	0.36%	0.33%	0.33%
	BALL	F	0.02%	0.02%	0.02%
	BAX	F	0.02%	0.02%	0.02%
	BBY	D	0.02%	0.02%	0.02%
	BDX	F	0.08%	0.07%	0.07%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.01%	0.01%	0.01%
	BIIB	F	0.02%	0.03%	0.02%
	BK	A	0.07%	0.06%	0.06%
	BKR	A	0.05%	0.05%	0.05%
	BLDR	D	0.02%	0.02%	0.02%
	BLK	B	0.12%	0.16%	0.12%
	BMY	B	0.13%	0.13%	0.13%
	BR	A	0.03%	0.03%	0.03%
	BRK.A	B	0.95%	0.92%	0.92%
	BRO	B	0.02%	0.03%	0.02%
	BSX	A	0.14%	0.14%	0.14%
	BWA	D	0.01%	0.01%	0.01%
	BX	A	0.14%	0.14%	0.14%
	BXP	C	0.01%	0.01%	0.01%
	C	A	0.15%	0.14%	0.14%
	CAG	F	0.01%	0.01%	0.01%
	CAH	B	0.03%	0.03%	0.03%
	CARR	C	0.07%	0.07%	0.07%
	CAT	B	0.22%	0.2%	0.2%
	CB	C	0.13%	0.12%	0.12%
	CBOE	C	0.02%	0.02%	0.02%
	CBRE	B	0.04%	0.04%	0.04%
	CCI	C	0.05%	0.05%	0.05%
	CCL	A	0.03%	0.03%	0.03%
	CDNS	B	0.1%	0.09%	0.09%
	CDW	F	0.02%	0.03%	0.02%
	CE	F	0.01%	0.01%	0.01%
	CEG	C	0.08%	0.08%	0.08%
	CF	A	0.02%	0.02%	0.02%
	CFG	B	0.03%	0.02%	0.02%
	CHD	A	0.02%	0.03%	0.02%
	CHRW	B	0.01%	0.01%	0.01%
	CHTR	C	0.04%	0.04%	0.04%
	CI	D	0.11%	0.1%	0.1%
	CINF	A	0.03%	0.03%	0.03%
	CL	D	0.09%	0.08%	0.08%
	CLX	A	0.02%	0.02%	0.02%
	CMCSA	B	0.19%	0.18%	0.18%
	CME	B	0.1%	0.09%	0.09%
	CMI	A	0.04%	0.05%	0.04%
	CMS	C	0.02%	0.02%	0.02%
	CNC	D	0.03%	0.03%	0.03%
	CNP	A	0.02%	0.02%	0.02%
	COF	C	0.08%	0.08%	0.08%
	COP	C	0.15%	0.14%	0.14%
	COR	B	0.05%	0.05%	0.05%
	COST	A	0.41%	0.44%	0.41%
	CPAY	A	0.04%	0.03%	0.03%
	CPB	D	0.01%	0.01%	0.01%
	CPRT	B	0.06%	0.05%	0.05%
	CPT	B	0.01%	0.01%	0.01%
	CRL	D	0.02%	0.01%	0.01%
	CRM	B	0.36%	0.35%	0.35%
	CSCO	B	0.26%	0.25%	0.25%
	CSGP	D	0.03%	0.03%	0.03%
	CSX	C	0.08%	0.07%	0.07%
	CTAS	B	0.1%	0.08%	0.08%
	CTLT	C	0.01%	0.01%	0.01%
	CTRA	B	0.02%	0.02%	0.02%
	CTSH	B	0.04%	0.04%	0.04%
	CTVA	C	0.04%	0.04%	0.04%
	CVS	D	0.08%	0.07%	0.07%
	CVX	A	0.31%	0.3%	0.3%
	CZR	F	0.01%	0.01%	0.01%
	D	C	0.05%	0.05%	0.05%
	DAL	B	0.04%	0.04%	0.04%
	DAY	B	0.02%	0.01%	0.01%
	DD	C	0.04%	0.04%	0.04%
	DE	B	0.14%	0.11%	0.11%
	DFS	B	0.04%	0.05%	0.04%
	DG	F	0.02%	0.02%	0.02%
	DGX	A	0.02%	0.02%	0.02%
	DHI	F	0.05%	0.05%	0.05%
	DHR	F	0.16%	0.17%	0.16%
	DIS	B	0.23%	0.21%	0.21%
	DLR	B	0.06%	0.06%	0.06%
	DLTR	F	0.01%	0.01%	0.01%
	DOC	C	0.01%	0.02%	0.01%
	DOV	A	0.02%	0.03%	0.02%
	DOW	F	0.03%	0.03%	0.03%
	DRI	B	0.02%	0.02%	0.02%
	DTE	C	0.03%	0.03%	0.03%
	DUK	C	0.1%	0.09%	0.09%
	DVA	C	0.02%	0.01%	0.01%
	DVN	F	0.03%	0.03%	0.03%
	DXCM	C	0.03%	0.03%	0.03%
	EA	A	0.04%	0.04%	0.04%
	EBAY	D	0.03%	0.03%	0.03%
	ECL	D	0.08%	0.07%	0.07%
	ED	C	0.03%	0.04%	0.03%
	EFX	F	0.03%	0.03%	0.03%
	EIX	B	0.04%	0.03%	0.03%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.09%	0.1%	0.09%
	EMN	C	0.01%	0.01%	0.01%
	EMR	B	0.09%	0.08%	0.08%
	ENPH	F	0.01%	0.01%	0.01%
	EOG	A	0.09%	0.08%	0.08%
	EPAM	B	0.03%	0.02%	0.02%
	EQIX	A	0.1%	0.09%	0.09%
	EQR	C	0.03%	0.03%	0.03%
	EQT	B	0.02%	0.03%	0.02%
	ES	C	0.02%	0.02%	0.02%
	ESS	B	0.03%	0.02%	0.02%
	ETN	A	0.16%	0.16%	0.16%
	ETR	B	0.03%	0.03%	0.03%
	EVRG	A	0.01%	0.02%	0.01%
	EW	C	0.05%	0.04%	0.04%
	EXC	C	0.04%	0.04%	0.04%
	EXPD	C	0.01%	0.02%	0.01%
	EXPE	B	0.02%	0.02%	0.02%
	EXR	C	0.04%	0.04%	0.04%
	F	C	0.05%	0.05%	0.05%
	FANG	C	0.04%	0.04%	0.04%
	FAST	B	0.06%	0.05%	0.05%
	FCX	F	0.07%	0.07%	0.07%
	FDX	B	0.07%	0.07%	0.07%
	FE	C	0.02%	0.02%	0.02%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.14%	0.13%	0.13%
	FIS	C	0.06%	0.05%	0.05%
	FITB	B	0.04%	0.03%	0.03%
	FMC	D	0.01%	0.01%	0.01%
	FOX	A	0.0%	0.01%	0.0%
	FOXA	A	0.01%	0.01%	0.01%
	FRT	B	0.01%	0.01%	0.01%
	FSLR	F	0.02%	0.02%	0.02%
	FTNT	C	0.06%	0.06%	0.06%
	FTV	C	0.03%	0.03%	0.03%
	GD	D	0.06%	0.08%	0.06%
	GE	D	0.22%	0.21%	0.21%
	GEHC	D	0.04%	0.04%	0.04%
	GEN	B	0.02%	0.02%	0.02%
	GEV	B	0.08%	0.1%	0.08%
	GILD	C	0.12%	0.12%	0.12%
	GIS	D	0.04%	0.04%	0.04%
	GL	C	0.01%	0.01%	0.01%
	GLW	B	0.04%	0.04%	0.04%
	GM	C	0.09%	0.07%	0.07%
	GNRC	C	0.02%	0.01%	0.01%
	GOOG	C	0.97%	0.92%	0.92%
	GOOGL	C	1.13%	1.11%	1.11%
	GPC	D	0.01%	0.02%	0.01%
	GPN	B	0.04%	0.03%	0.03%
	GRMN	B	0.05%	0.03%	0.03%
	GS	A	0.2%	0.2%	0.2%
	HAL	C	0.03%	0.03%	0.03%
	HAS	D	0.01%	0.01%	0.01%
	HBAN	A	0.03%	0.03%	0.03%
	HCA	F	0.08%	0.07%	0.07%
	HD	B	0.46%	0.43%	0.43%
	HES	B	0.05%	0.04%	0.04%
	HIG	B	0.04%	0.04%	0.04%
	HLT	A	0.08%	0.07%	0.07%
	HOLX	D	0.02%	0.02%	0.02%
	HON	C	0.18%	0.16%	0.16%
	HPE	B	0.03%	0.03%	0.03%
	HPQ	B	0.04%	0.04%	0.04%
	HRL	D	0.01%	0.01%	0.01%
	HSIC	C	0.01%	0.01%	0.01%
	HST	C	0.01%	0.01%	0.01%
	HSY	F	0.02%	0.03%	0.02%
	HUBB	B	0.05%	0.03%	0.03%
	HUM	C	0.03%	0.04%	0.03%
	HWM	A	0.05%	0.05%	0.05%
	IBM	C	0.21%	0.21%	0.21%
	ICE	C	0.11%	0.1%	0.1%
	IDXX	F	0.05%	0.04%	0.04%
	IEX	C	0.03%	0.02%	0.02%
	IFF	D	0.03%	0.02%	0.02%
	INCY	C	0.02%	0.01%	0.01%
	INTC	C	0.12%	0.12%	0.12%
	INTU	B	0.23%	0.21%	0.21%
	INVH	D	0.02%	0.02%	0.02%
	IP	A	0.02%	0.02%	0.02%
	IPG	D	0.01%	0.01%	0.01%
	IQV	F	0.04%	0.04%	0.04%
	IR	B	0.05%	0.04%	0.04%
	IRM	C	0.04%	0.04%	0.04%
	ISRG	A	0.18%	0.21%	0.18%
	IT	C	0.06%	0.04%	0.04%
	ITW	B	0.09%	0.08%	0.08%
	IVZ	B	0.01%	0.01%	0.01%
	J	D	0.02%	0.02%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JBL	C	0.01%	0.02%	0.01%
	JCI	B	0.07%	0.06%	0.06%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	C	0.42%	0.39%	0.39%
	JNPR	D	0.01%	0.01%	0.01%
	JPM	A	0.8%	0.74%	0.74%
	K	A	0.03%	0.02%	0.02%
	KDP	F	0.04%	0.04%	0.04%
	KEY	B	0.02%	0.02%	0.02%
	KEYS	A	0.03%	0.03%	0.03%
	KHC	F	0.03%	0.03%	0.03%
	KIM	A	0.02%	0.02%	0.02%
	KLAC	F	0.07%	0.09%	0.07%
	KMB	C	0.05%	0.05%	0.05%
	KMI	A	0.06%	0.06%	0.06%
	KMX	B	0.02%	0.01%	0.01%
	KO	D	0.26%	0.26%	0.26%
	KR	B	0.05%	0.04%	0.04%
	KVUE	A	0.05%	0.05%	0.05%
	L	A	0.02%	0.02%	0.02%
	LDOS	C	0.02%	0.02%	0.02%
	LEN	D	0.04%	0.04%	0.04%
	LH	B	0.03%	0.02%	0.02%
	LHX	C	0.05%	0.05%	0.05%
	LIN	C	0.25%	0.23%	0.23%
	LKQ	F	0.01%	0.01%	0.01%
	LLY	F	0.59%	0.67%	0.59%
	LMT	D	0.12%	0.12%	0.12%
	LNT	A	0.02%	0.02%	0.02%
	LOW	C	0.18%	0.17%	0.17%
	LRCX	F	0.08%	0.11%	0.08%
	LULU	C	0.03%	0.04%	0.03%
	LUV	C	0.02%	0.02%	0.02%
	LVS	B	0.02%	0.02%	0.02%
	LW	C	0.01%	0.01%	0.01%
	LYB	F	0.03%	0.02%	0.02%
	LYV	A	0.01%	0.02%	0.01%
	MA	B	0.47%	0.46%	0.46%
	MAA	B	0.02%	0.02%	0.02%
	MAR	A	0.06%	0.07%	0.06%
	MAS	D	0.02%	0.02%	0.02%
	MCD	D	0.23%	0.23%	0.23%
	MCHP	F	0.04%	0.04%	0.04%
	MCK	A	0.07%	0.09%	0.07%
	MCO	B	0.11%	0.08%	0.08%
	MDLZ	F	0.09%	0.09%	0.09%
	MDT	D	0.13%	0.12%	0.12%
	MET	A	0.06%	0.05%	0.05%
	META	D	1.35%	1.36%	1.35%
	MGM	D	0.01%	0.01%	0.01%
	MHK	D	0.02%	0.01%	0.01%
	MKC	C	0.02%	0.02%	0.02%
	MLM	C	0.07%	0.04%	0.04%
	MMC	B	0.13%	0.12%	0.12%
	MMM	D	0.07%	0.08%	0.07%
	MNST	C	0.04%	0.04%	0.04%
	MO	A	0.11%	0.1%	0.1%
	MOH	F	0.03%	0.02%	0.02%
	MOS	F	0.01%	0.01%	0.01%
	MPC	D	0.07%	0.06%	0.06%
	MRK	D	0.27%	0.27%	0.27%
	MRNA	F	0.01%	0.01%	0.01%
	MRO	B	0.02%	0.02%	0.02%
	MS	A	0.18%	0.18%	0.18%
	MSCI	C	0.07%	0.05%	0.05%
	MSFT	D	3.4%	3.42%	3.4%
	MSI	B	0.11%	0.09%	0.09%
	MTB	A	0.05%	0.04%	0.04%
	MTCH	D	0.01%	0.01%	0.01%
	MU	D	0.12%	0.12%	0.12%
	NCLH	B	0.01%	0.01%	0.01%
	NDAQ	A	0.03%	0.03%	0.03%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	C	0.17%	0.17%	0.17%
	NEM	D	0.05%	0.05%	0.05%
	NFLX	A	0.38%	0.39%	0.38%
	NI	A	0.02%	0.02%	0.02%
	NKE	F	0.1%	0.1%	0.1%
	NOC	D	0.05%	0.07%	0.05%
	NOW	A	0.23%	0.23%	0.23%
	NRG	B	0.02%	0.02%	0.02%
	NSC	B	0.06%	0.06%	0.06%
	NTAP	C	0.03%	0.03%	0.03%
	NTRS	A	0.02%	0.02%	0.02%
	NUE	C	0.03%	0.04%	0.03%
	NVDA	B	3.81%	3.89%	3.81%
	NWS	A	0.0%	0.0%	0.0%
	NWSA	A	0.01%	0.01%	0.01%
	NXPI	D	0.07%	0.06%	0.06%
	O	C	0.04%	0.05%	0.04%
	ODFL	C	0.05%	0.05%	0.05%
	OKE	A	0.08%	0.07%	0.07%
	OMC	C	0.02%	0.02%	0.02%
	ON	D	0.03%	0.03%	0.03%
	ORCL	A	0.33%	0.32%	0.32%
	ORLY	B	0.14%	0.08%	0.08%
	OTIS	C	0.05%	0.04%	0.04%
	OXY	D	0.04%	0.04%	0.04%
	PANW	B	0.13%	0.14%	0.13%
	PARA	C	0.01%	0.01%	0.01%
	PAYX	B	0.05%	0.05%	0.05%
	PCAR	B	0.06%	0.07%	0.06%
	PCG	A	0.05%	0.05%	0.05%
	PEG	A	0.05%	0.05%	0.05%
	PEP	F	0.25%	0.24%	0.24%
	PFE	F	0.16%	0.16%	0.16%
	PFG	D	0.02%	0.02%	0.02%
	PG	C	0.44%	0.42%	0.42%
	PGR	A	0.17%	0.16%	0.16%
	PH	A	0.08%	0.1%	0.08%
	PHM	D	0.03%	0.03%	0.03%
	PKG	A	0.03%	0.02%	0.02%
	PLD	F	0.12%	0.11%	0.11%
	PM	B	0.22%	0.21%	0.21%
	PNC	B	0.09%	0.09%	0.09%
	PNR	A	0.02%	0.02%	0.02%
	PNW	A	0.01%	0.01%	0.01%
	PODD	C	0.03%	0.02%	0.02%
	PPG	F	0.03%	0.03%	0.03%
	PPL	A	0.03%	0.03%	0.03%
	PRU	A	0.06%	0.05%	0.05%
	PSA	C	0.08%	0.06%	0.06%
	PSX	C	0.06%	0.06%	0.06%
	PTC	B	0.02%	0.02%	0.02%
	PWR	A	0.04%	0.05%	0.04%
	PYPL	B	0.1%	0.09%	0.09%
	QCOM	F	0.2%	0.2%	0.2%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.05%	0.06%	0.05%
	REG	A	0.02%	0.01%	0.01%
	REGN	F	0.09%	0.09%	0.09%
	RF	A	0.03%	0.03%	0.03%
	RJF	A	0.04%	0.03%	0.03%
	RMD	C	0.03%	0.04%	0.03%
	ROK	C	0.03%	0.04%	0.03%
	ROL	B	0.02%	0.02%	0.02%
	ROP	B	0.06%	0.07%	0.06%
	ROST	D	0.05%	0.05%	0.05%
	RSG	A	0.05%	0.05%	0.05%
	RTX	D	0.19%	0.17%	0.17%
	RVTY	F	0.01%	0.02%	0.01%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.12%	0.12%	0.12%
	SCHW	B	0.14%	0.13%	0.13%
	SHW	B	0.08%	0.1%	0.08%
	SJM	D	0.01%	0.01%	0.01%
	SLB	C	0.07%	0.07%	0.07%
	SNA	A	0.04%	0.02%	0.02%
	SNPS	B	0.12%	0.09%	0.09%
	SO	C	0.11%	0.1%	0.1%
	SOLV	D	0.01%	0.01%	0.01%
	SPG	A	0.06%	0.06%	0.06%
	SPGI	C	0.17%	0.18%	0.17%
	SRE	A	0.06%	0.06%	0.06%
	STE	D	0.02%	0.02%	0.02%
	STLD	B	0.03%	0.02%	0.02%
	STT	B	0.03%	0.03%	0.03%
	STX	C	0.02%	0.02%	0.02%
	STZ	D	0.05%	0.04%	0.04%
	SW	A	0.02%	0.03%	0.02%
	SWK	D	0.02%	0.01%	0.01%
	SWKS	F	0.02%	0.01%	0.01%
	SYF	B	0.03%	0.03%	0.03%
	SYK	B	0.13%	0.14%	0.13%
	SYY	D	0.04%	0.04%	0.04%
	T	A	0.18%	0.17%	0.17%
	TAP	C	0.01%	0.01%	0.01%
	TDG	D	0.14%	0.08%	0.08%
	TECH	F	0.02%	0.01%	0.01%
	TER	F	0.02%	0.02%	0.02%
	TFC	A	0.07%	0.07%	0.07%
	TGT	F	0.09%	0.08%	0.08%
	TJX	A	0.15%	0.15%	0.15%
	TMO	F	0.23%	0.22%	0.22%
	TMUS	B	0.13%	0.13%	0.13%
	TPR	B	0.01%	0.01%	0.01%
	TRGP	A	0.04%	0.05%	0.04%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.03%	0.03%	0.03%
	TRV	B	0.06%	0.06%	0.06%
	TSCO	D	0.03%	0.03%	0.03%
	TSLA	B	0.92%	0.93%	0.92%
	TSN	B	0.02%	0.02%	0.02%
	TT	A	0.09%	0.1%	0.09%
	TTWO	A	0.04%	0.03%	0.03%
	TXN	C	0.21%	0.2%	0.2%
	TXT	D	0.02%	0.02%	0.02%
	UAL	A	0.03%	0.03%	0.03%
	UBER	F	0.16%	0.16%	0.16%
	UDR	B	0.02%	0.01%	0.01%
	UHS	D	0.02%	0.01%	0.01%
	UNH	B	0.6%	0.59%	0.59%
	UNP	C	0.16%	0.15%	0.15%
	UPS	C	0.11%	0.1%	0.1%
	URI	C	0.09%	0.06%	0.06%
	USB	A	0.09%	0.08%	0.08%
	V	A	0.56%	0.56%	0.56%
	VICI	C	0.04%	0.04%	0.04%
	VLO	C	0.05%	0.05%	0.05%
	VLTO	C	0.02%	0.03%	0.02%
	VMC	B	0.03%	0.04%	0.03%
	VRSK	A	0.03%	0.04%	0.03%
	VRSN	C	0.02%	0.02%	0.02%
	VRTX	D	0.16%	0.13%	0.13%
	VTR	B	0.03%	0.03%	0.03%
	VTRS	A	0.02%	0.02%	0.02%
	VZ	C	0.2%	0.19%	0.19%
	WAB	B	0.04%	0.04%	0.04%
	WAT	C	0.04%	0.02%	0.02%
	WBA	F	0.01%	0.01%	0.01%
	WBD	B	0.02%	0.02%	0.02%
	WDC	D	0.02%	0.02%	0.02%
	WEC	A	0.03%	0.03%	0.03%
	WELL	A	0.08%	0.08%	0.08%
	WFC	A	0.3%	0.27%	0.27%
	WM	B	0.1%	0.09%	0.09%
	WMB	A	0.08%	0.07%	0.07%
	WMT	A	0.4%	0.4%	0.4%
	WRB	A	0.02%	0.02%	0.02%
	WST	C	0.03%	0.03%	0.03%
	WTW	B	0.04%	0.03%	0.03%
	WY	F	0.02%	0.02%	0.02%
	WYNN	C	0.01%	0.01%	0.01%
	XEL	A	0.04%	0.04%	0.04%
	XOM	B	0.6%	0.58%	0.58%
	XYL	D	0.03%	0.03%	0.03%
	YUM	D	0.05%	0.04%	0.04%
	ZBH	C	0.03%	0.02%	0.02%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.1%	0.09%	0.09%

ZZZ Overweight 10 Positions Relative to PHDG

	Symbol	Grade	Weight
	ILMN	C	0.03%
	ETSY	D	0.01%
	VFC	C	0.01%
	ZION	B	0.01%
	BBWI	C	0.01%
	CMA	B	0.01%
	RHI	C	0.01%
	AAL	B	0.01%
	WHR	B	0.01%
	XRAY	F	0.0%

ZZZ Underweight 29 Positions Relative to PHDG

	Symbol	Grade	Weight
	BKNG	A	-0.18%
	PLTR	B	-0.13%
	KKR	A	-0.11%
	CRWD	B	-0.09%
	CMG	B	-0.09%
	GWW	B	-0.06%
	AZO	C	-0.06%
	FICO	B	-0.06%
	VST	A	-0.05%
	DELL	B	-0.04%
	GDDY	A	-0.03%
	TYL	B	-0.03%
	MTD	F	-0.03%
	DECK	A	-0.03%
	MPWR	F	-0.03%
	NVR	D	-0.03%
	DPZ	C	-0.02%
	EG	C	-0.02%
	ULTA	F	-0.02%
	FDS	B	-0.02%
	TDY	B	-0.02%
	HII	F	-0.01%
	RL	C	-0.01%
	TFX	F	-0.01%
	SMCI	F	-0.01%
	MKTX	D	-0.01%
	ERIE	D	-0.01%
	PAYC	B	-0.01%
	POOL	C	-0.01%

ZZZ: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Business Services Diagnostics & Research Semiconductors Banks - Regional - US Oil & Gas E&P Asset Management Drug Manufacturers - Major Packaged Foods Aerospace & Defense Medical Devices Medical Instruments & Supplies Capital Markets Credit Services Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Dow Jones Component Computing Insurance Electronics Bank Medicine Real Estate Investment Trust Telecommunications Aerospace Banking Chemical Semiconductor Petroleum Industry Transport Disability Insurance Products

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