DTD vs. PBP ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to PowerShares S&P 500 BuyWrite Portfolio (PBP)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.89

Average Daily Volume

21,384

Number of Holdings ^*

811

* may have additional holdings in another (foreign) market

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$23.15

Average Daily Volume

20,950

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	DTD	PBP
30 Days	3.20%	2.75%
60 Days	5.00%	3.53%
90 Days	6.93%	5.13%
12 Months	31.64%	19.51%

349 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in PBP	Overlap
	A	D	0.03%	0.08%	0.03%
	AAPL	C	3.03%	7.01%	3.03%
	ABBV	D	1.97%	0.61%	0.61%
	ABT	B	0.42%	0.4%	0.4%
	ADI	D	0.21%	0.21%	0.21%
	ADM	D	0.08%	0.05%	0.05%
	ADP	B	0.34%	0.25%	0.25%
	AEE	A	0.12%	0.05%	0.05%
	AEP	D	0.24%	0.1%	0.1%
	AFL	B	0.26%	0.11%	0.11%
	AIG	B	0.13%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	B	0.07%	0.13%	0.07%
	ALB	C	0.02%	0.02%	0.02%
	ALL	A	0.15%	0.1%	0.1%
	AMAT	F	0.14%	0.31%	0.14%
	AME	A	0.05%	0.09%	0.05%
	AMGN	D	0.55%	0.32%	0.32%
	AMP	A	0.14%	0.11%	0.11%
	AMT	D	0.27%	0.18%	0.18%
	AOS	F	0.02%	0.02%	0.02%
	APA	D	0.02%	0.02%	0.02%
	APD	A	0.19%	0.14%	0.14%
	APH	A	0.15%	0.18%	0.15%
	ARE	D	0.07%	0.03%	0.03%
	ATO	A	0.1%	0.05%	0.05%
	AVB	B	0.16%	0.07%	0.07%
	AVGO	D	2.39%	1.6%	1.6%
	AVY	D	0.03%	0.03%	0.03%
	AWK	D	0.06%	0.05%	0.05%
	AXP	A	0.32%	0.33%	0.32%
	BAC	A	1.22%	0.63%	0.63%
	BALL	D	0.03%	0.04%	0.03%
	BBY	D	0.11%	0.04%	0.04%
	BDX	F	0.12%	0.13%	0.12%
	BEN	C	0.06%	0.01%	0.01%
	BK	A	0.23%	0.12%	0.12%
	BKNG	A	0.3%	0.34%	0.3%
	BKR	B	0.12%	0.09%	0.09%
	BLK	C	0.43%	0.29%	0.29%
	BMY	B	0.57%	0.24%	0.24%
	BR	A	0.07%	0.05%	0.05%
	BRO	B	0.04%	0.05%	0.04%
	BWA	D	0.02%	0.02%	0.02%
	BX	A	0.39%	0.26%	0.26%
	C	A	0.63%	0.26%	0.26%
	CAG	D	0.07%	0.03%	0.03%
	CAH	B	0.07%	0.06%	0.06%
	CARR	D	0.1%	0.13%	0.1%
	CAT	B	0.45%	0.38%	0.38%
	CBOE	B	0.05%	0.04%	0.04%
	CCI	D	0.22%	0.09%	0.09%
	CDW	F	0.03%	0.05%	0.03%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.08%	0.14%	0.08%
	CF	B	0.04%	0.03%	0.03%
	CHD	B	0.04%	0.05%	0.04%
	CHRW	C	0.04%	0.03%	0.03%
	CI	F	0.21%	0.18%	0.18%
	CINF	A	0.08%	0.05%	0.05%
	CL	D	0.3%	0.15%	0.15%
	CLX	B	0.07%	0.04%	0.04%
	CMCSA	B	0.88%	0.34%	0.34%
	CME	A	0.19%	0.16%	0.16%
	CMI	A	0.17%	0.1%	0.1%
	CMS	C	0.07%	0.04%	0.04%
	CNP	B	0.05%	0.04%	0.04%
	COF	B	0.16%	0.14%	0.14%
	COP	C	0.32%	0.27%	0.27%
	COR	B	0.07%	0.09%	0.07%
	COST	B	0.44%	0.83%	0.44%
	CPB	D	0.05%	0.02%	0.02%
	CPT	B	0.03%	0.03%	0.03%
	CRM	B	0.25%	0.65%	0.25%
	CSCO	B	1.3%	0.47%	0.47%
	CSX	B	0.11%	0.14%	0.11%
	CTAS	B	0.15%	0.15%	0.15%
	CTSH	B	0.08%	0.08%	0.08%
	CVS	D	0.25%	0.14%	0.14%
	CVX	A	1.51%	0.56%	0.56%
	D	C	0.32%	0.1%	0.1%
	DAL	C	0.05%	0.08%	0.05%
	DD	D	0.09%	0.07%	0.07%
	DE	A	0.18%	0.2%	0.18%
	DELL	C	0.06%	0.08%	0.06%
	DFS	B	0.13%	0.09%	0.09%
	DGX	A	0.04%	0.04%	0.04%
	DHI	D	0.06%	0.1%	0.06%
	DHR	F	0.14%	0.31%	0.14%
	DIS	B	0.17%	0.4%	0.17%
	DLR	B	0.17%	0.11%	0.11%
	DOV	A	0.06%	0.06%	0.06%
	DOW	F	0.19%	0.06%	0.06%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.11%	0.04%	0.04%
	DTE	C	0.09%	0.05%	0.05%
	DUK	C	0.39%	0.17%	0.17%
	EA	A	0.04%	0.08%	0.04%
	EBAY	D	0.09%	0.06%	0.06%
	ECL	D	0.13%	0.13%	0.13%
	ED	D	0.19%	0.07%	0.07%
	EFX	F	0.03%	0.07%	0.03%
	EIX	B	0.15%	0.06%	0.06%
	ELV	F	0.13%	0.19%	0.13%
	EMN	D	0.05%	0.02%	0.02%
	EMR	A	0.19%	0.15%	0.15%
	EOG	A	0.41%	0.16%	0.16%
	EQIX	A	0.16%	0.17%	0.16%
	EQR	B	0.1%	0.05%	0.05%
	EQT	B	0.07%	0.05%	0.05%
	ERIE	D	0.04%	0.02%	0.02%
	ES	D	0.11%	0.04%	0.04%
	ESS	B	0.06%	0.04%	0.04%
	ETR	B	0.22%	0.06%	0.06%
	EVRG	A	0.08%	0.03%	0.03%
	EXC	C	0.15%	0.08%	0.08%
	EXPD	D	0.03%	0.03%	0.03%
	EXR	D	0.15%	0.07%	0.07%
	FANG	D	0.09%	0.07%	0.07%
	FAST	B	0.19%	0.1%	0.1%
	FDS	B	0.02%	0.04%	0.02%
	FDX	B	0.16%	0.13%	0.13%
	FE	C	0.11%	0.04%	0.04%
	FIS	C	0.21%	0.1%	0.1%
	FITB	A	0.16%	0.06%	0.06%
	FOX	A	0.05%	0.01%	0.01%
	FRT	B	0.04%	0.02%	0.02%
	FTV	C	0.03%	0.05%	0.03%
	GD	F	0.2%	0.15%	0.15%
	GE	D	0.16%	0.39%	0.16%
	GEHC	F	0.03%	0.08%	0.03%
	GEN	B	0.05%	0.03%	0.03%
	GILD	C	0.47%	0.23%	0.23%
	GIS	D	0.16%	0.07%	0.07%
	GL	B	0.01%	0.02%	0.01%
	GLW	B	0.17%	0.07%	0.07%
	GM	B	0.11%	0.13%	0.11%
	GOOG	C	0.57%	1.72%	0.57%
	GOOGL	C	0.87%	2.08%	0.87%
	GPC	D	0.06%	0.03%	0.03%
	GPN	B	0.03%	0.06%	0.03%
	GS	A	0.69%	0.38%	0.38%
	GWW	B	0.1%	0.11%	0.1%
	HAL	C	0.05%	0.05%	0.05%
	HBAN	A	0.13%	0.05%	0.05%
	HCA	F	0.11%	0.13%	0.11%
	HD	A	1.78%	0.81%	0.81%
	HES	B	0.06%	0.08%	0.06%
	HIG	B	0.13%	0.07%	0.07%
	HII	D	0.02%	0.02%	0.02%
	HLT	A	0.06%	0.12%	0.06%
	HON	B	0.53%	0.3%	0.3%
	HPE	B	0.08%	0.06%	0.06%
	HPQ	B	0.15%	0.07%	0.07%
	HRL	D	0.07%	0.02%	0.02%
	HST	C	0.04%	0.02%	0.02%
	HSY	F	0.08%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	C	0.03%	0.07%	0.03%
	HWM	A	0.04%	0.09%	0.04%
	IBM	C	1.21%	0.39%	0.39%
	ICE	C	0.21%	0.18%	0.18%
	IEX	B	0.02%	0.04%	0.02%
	INTU	C	0.17%	0.4%	0.17%
	INVH	D	0.05%	0.04%	0.04%
	IP	B	0.1%	0.04%	0.04%
	IPG	D	0.06%	0.02%	0.02%
	IR	B	0.05%	0.08%	0.05%
	IRM	D	0.11%	0.07%	0.07%
	ITW	B	0.31%	0.15%	0.15%
	J	F	0.02%	0.04%	0.02%
	JBHT	C	0.02%	0.03%	0.02%
	JBL	B	0.02%	0.03%	0.02%
	JKHY	D	0.02%	0.03%	0.02%
	JNJ	D	1.83%	0.74%	0.74%
	JNPR	F	0.05%	0.03%	0.03%
	JPM	A	3.09%	1.39%	1.39%
	K	A	0.13%	0.04%	0.04%
	KDP	D	0.14%	0.07%	0.07%
	KHC	F	0.21%	0.06%	0.06%
	KIM	A	0.05%	0.03%	0.03%
	KKR	A	0.13%	0.21%	0.13%
	KLAC	D	0.1%	0.18%	0.1%
	KMB	D	0.26%	0.09%	0.09%
	KO	D	1.4%	0.49%	0.49%
	KR	B	0.16%	0.08%	0.08%
	KVUE	A	0.19%	0.09%	0.09%
	L	A	0.01%	0.03%	0.01%
	LDOS	C	0.04%	0.05%	0.04%
	LEN	D	0.06%	0.08%	0.06%
	LH	C	0.03%	0.04%	0.03%
	LHX	C	0.12%	0.1%	0.1%
	LKQ	D	0.03%	0.02%	0.02%
	LLY	F	0.63%	1.25%	0.63%
	LMT	D	0.45%	0.23%	0.23%
	LNT	A	0.06%	0.03%	0.03%
	LOW	D	0.57%	0.31%	0.31%
	LRCX	F	0.12%	0.2%	0.12%
	LUV	C	0.06%	0.04%	0.04%
	LVS	C	0.08%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	MA	C	0.45%	0.87%	0.45%
	MAA	B	0.06%	0.04%	0.04%
	MAR	B	0.15%	0.13%	0.13%
	MAS	D	0.05%	0.03%	0.03%
	MCD	D	0.83%	0.43%	0.43%
	MCHP	D	0.07%	0.07%	0.07%
	MCK	B	0.08%	0.16%	0.08%
	MCO	B	0.11%	0.15%	0.11%
	MDLZ	F	0.37%	0.18%	0.18%
	MET	A	0.22%	0.1%	0.1%
	META	D	0.92%	2.55%	0.92%
	MKC	D	0.06%	0.04%	0.04%
	MKTX	D	0.01%	0.02%	0.01%
	MLM	B	0.04%	0.07%	0.04%
	MMC	B	0.25%	0.22%	0.22%
	MO	A	0.7%	0.19%	0.19%
	MOS	F	0.02%	0.02%	0.02%
	MPC	D	0.22%	0.11%	0.11%
	MPWR	F	0.03%	0.06%	0.03%
	MRK	F	0.79%	0.5%	0.5%
	MRO	B	0.04%	0.03%	0.03%
	MS	A	1.03%	0.33%	0.33%
	MSCI	C	0.05%	0.1%	0.05%
	MSFT	F	2.78%	6.41%	2.78%
	MSI	B	0.15%	0.17%	0.15%
	MTB	A	0.16%	0.07%	0.07%
	MU	D	0.08%	0.22%	0.08%
	NDAQ	A	0.07%	0.07%	0.07%
	NDSN	B	0.02%	0.03%	0.02%
	NI	A	0.06%	0.03%	0.03%
	NKE	D	0.14%	0.18%	0.14%
	NOC	D	0.14%	0.14%	0.14%
	NRG	B	0.07%	0.04%	0.04%
	NSC	B	0.16%	0.12%	0.12%
	NTAP	C	0.08%	0.05%	0.05%
	NTRS	A	0.09%	0.04%	0.04%
	NUE	C	0.05%	0.07%	0.05%
	NVDA	C	2.38%	7.29%	2.38%
	NWS	B	0.0%	0.01%	0.0%
	NWSA	B	0.03%	0.02%	0.02%
	O	D	0.25%	0.1%	0.1%
	ODFL	B	0.04%	0.09%	0.04%
	OKE	A	0.38%	0.13%	0.13%
	OMC	C	0.08%	0.04%	0.04%
	ORCL	B	0.74%	0.6%	0.6%
	OTIS	C	0.1%	0.08%	0.08%
	OXY	D	0.07%	0.07%	0.07%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	C	0.25%	0.09%	0.09%
	PCAR	B	0.29%	0.12%	0.12%
	PCG	A	0.04%	0.09%	0.04%
	PEG	A	0.26%	0.09%	0.09%
	PEP	F	1.12%	0.46%	0.46%
	PFG	D	0.09%	0.04%	0.04%
	PG	A	1.61%	0.8%	0.8%
	PGR	A	0.13%	0.31%	0.13%
	PH	A	0.2%	0.18%	0.18%
	PHM	D	0.05%	0.05%	0.05%
	PKG	A	0.11%	0.04%	0.04%
	PLD	D	0.33%	0.21%	0.21%
	PM	B	1.16%	0.4%	0.4%
	PNC	B	0.39%	0.17%	0.17%
	PNW	B	0.08%	0.02%	0.02%
	POOL	C	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	A	0.25%	0.09%	0.09%
	PSA	D	0.25%	0.11%	0.11%
	PSX	C	0.2%	0.11%	0.11%
	PWR	A	0.04%	0.1%	0.04%
	QCOM	F	0.42%	0.37%	0.37%
	REG	B	0.02%	0.02%	0.02%
	RF	A	0.15%	0.05%	0.05%
	RJF	A	0.06%	0.06%	0.06%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.04%	0.07%	0.04%
	ROK	B	0.06%	0.07%	0.06%
	ROL	B	0.04%	0.03%	0.03%
	ROP	B	0.05%	0.12%	0.05%
	ROST	C	0.06%	0.1%	0.06%
	RSG	A	0.1%	0.09%	0.09%
	RTX	C	0.56%	0.32%	0.32%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	A	0.31%	0.23%	0.23%
	SCHW	B	0.23%	0.24%	0.23%
	SHW	A	0.13%	0.18%	0.13%
	SJM	D	0.05%	0.02%	0.02%
	SNA	A	0.08%	0.04%	0.04%
	SO	D	0.41%	0.19%	0.19%
	SPG	B	0.4%	0.11%	0.11%
	SPGI	C	0.16%	0.33%	0.16%
	SRE	A	0.2%	0.12%	0.12%
	STLD	B	0.04%	0.04%	0.04%
	STT	A	0.13%	0.06%	0.06%
	STZ	D	0.11%	0.08%	0.08%
	SW	A	0.04%	0.05%	0.04%
	SWK	D	0.05%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.09%	0.05%	0.05%
	SYK	C	0.24%	0.27%	0.24%
	SYY	B	0.17%	0.07%	0.07%
	TAP	C	0.04%	0.02%	0.02%
	TECH	D	0.01%	0.02%	0.01%
	TER	D	0.01%	0.04%	0.01%
	TGT	F	0.25%	0.14%	0.14%
	TJX	A	0.35%	0.27%	0.27%
	TMO	F	0.16%	0.41%	0.16%
	TMUS	B	0.76%	0.24%	0.24%
	TPR	B	0.06%	0.03%	0.03%
	TRGP	B	0.11%	0.08%	0.08%
	TROW	B	0.13%	0.05%	0.05%
	TRV	B	0.15%	0.12%	0.12%
	TSCO	D	0.08%	0.06%	0.06%
	TSN	B	0.08%	0.04%	0.04%
	TXN	C	0.65%	0.38%	0.38%
	TXT	D	0.02%	0.03%	0.02%
	UDR	B	0.05%	0.03%	0.03%
	UHS	D	0.02%	0.02%	0.02%
	UNH	C	1.24%	1.11%	1.11%
	UNP	C	0.37%	0.29%	0.29%
	UPS	C	0.43%	0.2%	0.2%
	URI	B	0.08%	0.12%	0.08%
	USB	A	0.42%	0.16%	0.16%
	V	A	0.67%	1.04%	0.67%
	VICI	C	0.25%	0.07%	0.07%
	VLO	C	0.17%	0.09%	0.09%
	VLTO	D	0.01%	0.05%	0.01%
	VMC	B	0.05%	0.08%	0.05%
	VRSK	A	0.04%	0.08%	0.04%
	VST	B	0.18%	0.1%	0.1%
	VTR	C	0.08%	0.05%	0.05%
	VTRS	A	0.09%	0.03%	0.03%
	WAB	B	0.04%	0.07%	0.04%
	WEC	A	0.11%	0.06%	0.06%
	WELL	A	0.19%	0.16%	0.16%
	WFC	A	0.9%	0.5%	0.5%
	WM	A	0.24%	0.16%	0.16%
	WMB	A	0.35%	0.14%	0.14%
	WMT	A	1.61%	0.74%	0.74%
	WRB	A	0.07%	0.04%	0.04%
	WST	C	0.03%	0.05%	0.03%
	WY	D	0.04%	0.05%	0.04%
	XEL	A	0.22%	0.08%	0.08%
	XOM	B	2.48%	1.08%	1.08%
	XYL	D	0.04%	0.06%	0.04%
	YUM	B	0.11%	0.08%	0.08%
	ZBH	C	0.02%	0.04%	0.02%
	ZTS	D	0.12%	0.16%	0.12%

DTD Overweight 462 Positions Relative to PBP

	Symbol	Grade	Weight
	APO	B	0.2%
	CRBG	B	0.1%
	ARES	A	0.1%
	CG	A	0.08%
	LNG	B	0.08%
	JEF	A	0.07%
	ORI	A	0.07%
	FNF	B	0.07%
	JXN	C	0.06%
	CUBE	D	0.06%
	WSO	A	0.06%
	OGE	B	0.06%
	WPC	D	0.06%
	LAMR	D	0.06%
	UNM	A	0.06%
	TXRH	C	0.06%
	CMA	A	0.06%
	RGA	A	0.06%
	GLPI	C	0.06%
	AM	A	0.06%
	EWBC	A	0.06%
	LNC	B	0.05%
	HRB	D	0.05%
	LII	A	0.05%
	WBS	A	0.05%
	INGR	B	0.05%
	ALLY	C	0.05%
	EVR	B	0.05%
	OMF	A	0.05%
	RS	B	0.05%
	CNA	B	0.05%
	WSM	B	0.05%
	DTM	B	0.05%
	OWL	A	0.05%
	EQH	B	0.05%
	UI	A	0.05%
	ASB	B	0.04%
	AIT	A	0.04%
	VLY	B	0.04%
	MLI	C	0.04%
	RPM	A	0.04%
	ACI	C	0.04%
	CFR	B	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	RDN	C	0.04%
	MTG	C	0.04%
	OC	A	0.04%
	CSL	C	0.04%
	HLI	B	0.04%
	ITT	A	0.04%
	TPL	A	0.04%
	ZION	B	0.04%
	BAH	F	0.04%
	OVV	B	0.04%
	NWE	B	0.04%
	DKS	C	0.04%
	NNN	D	0.04%
	FHB	A	0.04%
	BRX	A	0.04%
	CHRD	D	0.04%
	FNB	A	0.04%
	SNV	B	0.04%
	LPLA	A	0.03%
	KTB	B	0.03%
	QCRH	A	0.03%
	RUSHA	C	0.03%
	WLK	D	0.03%
	WH	B	0.03%
	KBH	D	0.03%
	ATR	B	0.03%
	TNL	A	0.03%
	SMG	D	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	ACT	D	0.03%
	CNO	A	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	OFG	B	0.03%
	CBT	C	0.03%
	EHC	B	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	GPK	C	0.03%
	SON	D	0.03%
	FCNCA	A	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	ALE	A	0.03%
	HLNE	B	0.03%
	GAP	C	0.03%
	DCI	B	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	OGN	D	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	OGS	A	0.03%
	BWXT	B	0.03%
	VCTR	B	0.03%
	OZK	B	0.03%
	WU	D	0.03%
	R	B	0.03%
	FBP	B	0.03%
	DINO	D	0.03%
	PATK	D	0.03%
	FAF	A	0.03%
	COLB	A	0.03%
	CCOI	B	0.03%
	SUI	D	0.03%
	MTN	C	0.03%
	FLS	B	0.03%
	AFG	A	0.03%
	SFNC	B	0.03%
	WTRG	B	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	WAL	B	0.03%
	NFG	A	0.03%
	HOMB	A	0.03%
	PB	A	0.03%
	TFSL	A	0.03%
	VRT	B	0.03%
	LECO	B	0.03%
	HEI	B	0.03%
	AROC	B	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	PFS	B	0.03%
	UGI	A	0.03%
	PAG	B	0.03%
	BPOP	B	0.03%
	ALSN	B	0.03%
	SSNC	B	0.03%
	PRI	A	0.03%
	BANR	B	0.03%
	KMPR	B	0.02%
	EGBN	B	0.02%
	HTH	B	0.02%
	TTEK	F	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	FR	C	0.02%
	ZWS	B	0.02%
	SSD	D	0.02%
	M	D	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	UMBF	B	0.02%
	FRME	B	0.02%
	CRI	D	0.02%
	IOSP	B	0.02%
	CWEN	C	0.02%
	BERY	B	0.02%
	BANC	A	0.02%
	STEP	B	0.02%
	UVSP	B	0.02%
	MGEE	C	0.02%
	BFH	B	0.02%
	VAC	B	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	SPB	C	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	TKO	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	TDS	B	0.02%
	SEM	B	0.02%
	HWC	B	0.02%
	SYBT	B	0.02%
	MRTN	C	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	NSA	D	0.02%
	UPBD	B	0.02%
	NYT	C	0.02%
	ACM	A	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	BRC	D	0.02%
	SEIC	B	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	NEU	C	0.02%
	STC	B	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	WWD	B	0.02%
	FCPT	C	0.02%
	MCY	A	0.02%
	MGY	A	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	OSK	B	0.02%
	IBKR	A	0.02%
	AMH	D	0.02%
	UBSI	B	0.02%
	VIRT	B	0.02%
	NBHC	B	0.02%
	HNI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	RHI	B	0.02%
	CMC	B	0.02%
	FCF	A	0.02%
	SBRA	C	0.02%
	CRC	B	0.02%
	LCII	C	0.02%
	MATX	C	0.02%
	EXP	A	0.02%
	MUR	D	0.02%
	CAKE	C	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	A	0.02%
	MWA	B	0.02%
	BRKL	B	0.02%
	FFBC	A	0.02%
	PII	D	0.02%
	LPX	B	0.02%
	OCFC	B	0.02%
	TRMK	B	0.02%
	KMT	B	0.02%
	RGLD	C	0.02%
	BBWI	D	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	0.02%
	TTC	D	0.02%
	HAFC	A	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	F	0.02%
	GTY	B	0.02%
	KNTK	B	0.02%
	TW	A	0.02%
	SLM	A	0.02%
	FULT	A	0.02%
	HRI	B	0.02%
	IDCC	A	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	B	0.02%
	CASY	A	0.02%
	SSB	B	0.02%
	ESI	A	0.02%
	CVBF	A	0.02%
	IBOC	A	0.02%
	STBA	B	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	PRGS	A	0.02%
	CBSH	A	0.02%
	TPG	A	0.02%
	TRST	A	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	REYN	D	0.02%
	CADE	B	0.02%
	ONB	B	0.02%
	NJR	A	0.02%
	TRN	C	0.02%
	GEF	A	0.02%
	GBCI	B	0.02%
	NOG	A	0.02%
	GGG	B	0.02%
	FBMS	B	0.02%
	AVT	C	0.02%
	AWI	A	0.02%
	IIPR	D	0.01%
	CHCO	B	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	D	0.01%
	AESI	B	0.01%
	IRDM	D	0.01%
	IBP	D	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	COKE	C	0.01%
	WMG	C	0.01%
	BMI	B	0.01%
	VSH	D	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	MLKN	D	0.01%
	PCH	D	0.01%
	CABO	C	0.01%
	TOL	B	0.01%
	OXM	D	0.01%
	SCL	C	0.01%
	ENS	D	0.01%
	WINA	B	0.01%
	BRKR	D	0.01%
	MUSA	A	0.01%
	BLMN	F	0.01%
	SCS	C	0.01%
	KNSL	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	LBRT	D	0.01%
	PBI	B	0.01%
	PRDO	B	0.01%
	CWEN	C	0.01%
	OLED	D	0.01%
	ASH	D	0.01%
	CHE	D	0.01%
	XRX	F	0.01%
	GBX	A	0.01%
	HOG	D	0.01%
	AGM	C	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	ORA	B	0.01%
	CHH	A	0.01%
	WKC	D	0.01%
	KRO	D	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	B	0.01%
	COLM	B	0.01%
	SLGN	A	0.01%
	RRR	D	0.01%
	X	C	0.01%
	EGP	F	0.01%
	HEES	B	0.01%
	SEB	F	0.01%
	SFBS	B	0.01%
	JJSF	B	0.01%
	PDCO	D	0.01%
	NAVI	C	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	CHDN	B	0.01%
	SAFT	C	0.01%
	LEG	F	0.01%
	KRC	C	0.01%
	UTZ	D	0.01%
	MAN	D	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	RLI	B	0.01%
	AZZ	B	0.01%
	HP	B	0.01%
	KLG	C	0.01%
	BHE	B	0.01%
	MORN	B	0.01%
	AAON	B	0.01%
	PZZA	D	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	FIX	A	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	KWR	C	0.01%
	EPC	D	0.01%
	SSBK	B	0.01%
	EXPO	D	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	D	0.01%
	MSA	D	0.01%
	FG	B	0.01%
	BCO	D	0.01%
	EME	C	0.01%
	OLN	D	0.01%
	CPK	A	0.01%
	KBR	F	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	BSY	D	0.01%
	ABM	B	0.01%
	GOLF	B	0.01%
	CFFN	B	0.01%
	WDFC	B	0.01%
	WWW	B	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	ADC	B	0.01%
	VMI	B	0.01%
	PFBC	B	0.01%
	UTL	B	0.01%
	LFUS	F	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	D	0.01%
	WGO	C	0.01%
	GATX	A	0.01%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	D	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SXT	B	0.01%
	SLG	B	0.01%
	PRK	B	0.01%
	BKU	A	0.01%
	SHOO	D	0.01%
	SLVM	B	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	PTEN	C	0.01%
	SNX	C	0.01%
	WTFC	A	0.01%
	MSBI	B	0.01%
	POWL	C	0.01%
	CCK	C	0.01%
	SEE	C	0.01%
	CVI	F	0.01%
	CRS	A	0.01%
	PNFP	B	0.01%
	MAC	B	0.0%
	POWI	D	0.0%
	KW	B	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	UWMC	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 150 Positions Relative to PBP

	Symbol	Grade	Weight
	AMZN	C	-3.99%
	TSLA	B	-1.75%
	BRK.A	B	-1.73%
	NFLX	A	-0.73%
	ADBE	C	-0.47%
	ACN	C	-0.46%
	AMD	F	-0.45%
	LIN	D	-0.44%
	NOW	A	-0.43%
	ISRG	A	-0.39%
	VZ	C	-0.35%
	T	A	-0.32%
	NEE	D	-0.31%
	PFE	D	-0.3%
	UBER	D	-0.3%
	ETN	A	-0.29%
	PANW	C	-0.26%
	BSX	B	-0.26%
	FI	A	-0.25%
	VRTX	F	-0.25%
	PLTR	B	-0.24%
	INTC	D	-0.22%
	CB	C	-0.22%
	MDT	D	-0.22%
	ANET	C	-0.2%
	BA	F	-0.2%
	TT	A	-0.19%
	PYPL	B	-0.18%
	GEV	B	-0.18%
	AON	A	-0.17%
	CMG	B	-0.17%
	REGN	F	-0.17%
	CDNS	B	-0.17%
	SNPS	B	-0.17%
	CRWD	B	-0.16%
	MMM	D	-0.15%
	ORLY	B	-0.14%
	TDG	D	-0.14%
	TFC	A	-0.13%
	FCX	D	-0.13%
	ADSK	A	-0.13%
	JCI	C	-0.12%
	NXPI	D	-0.12%
	FICO	B	-0.12%
	ABNB	C	-0.12%
	FTNT	C	-0.12%
	SLB	C	-0.12%
	RCL	A	-0.11%
	CPRT	A	-0.1%
	KMI	A	-0.1%
	AZO	C	-0.1%
	F	C	-0.09%
	AXON	A	-0.09%
	NEM	D	-0.09%
	ACGL	D	-0.08%
	LULU	C	-0.08%
	CHTR	C	-0.08%
	MNST	C	-0.08%
	CTVA	C	-0.08%
	CBRE	B	-0.08%
	EW	C	-0.08%
	IT	C	-0.08%
	GRMN	B	-0.07%
	IDXX	F	-0.07%
	IQV	D	-0.07%
	ON	D	-0.06%
	NVR	D	-0.06%
	TTWO	A	-0.06%
	ANSS	B	-0.06%
	DXCM	D	-0.06%
	UAL	A	-0.06%
	CSGP	D	-0.06%
	CNC	D	-0.06%
	WTW	B	-0.06%
	TDY	B	-0.05%
	EXPE	B	-0.05%
	IFF	D	-0.05%
	PTC	A	-0.05%
	BIIB	F	-0.05%
	MTD	D	-0.05%
	CCL	B	-0.05%
	DVN	F	-0.05%
	CPAY	A	-0.05%
	GDDY	A	-0.05%
	TYL	B	-0.05%
	KEYS	A	-0.05%
	DECK	A	-0.05%
	TRMB	B	-0.04%
	PNR	A	-0.04%
	KEY	B	-0.04%
	MOH	F	-0.04%
	HOLX	D	-0.04%
	ULTA	F	-0.04%
	PODD	C	-0.04%
	CTRA	B	-0.04%
	LYV	A	-0.04%
	ZBRA	B	-0.04%
	STX	D	-0.04%
	WDC	D	-0.04%
	CFG	B	-0.04%
	FSLR	F	-0.04%
	BLDR	D	-0.04%
	LYB	F	-0.04%
	STE	F	-0.04%
	WBD	C	-0.04%
	WAT	B	-0.04%
	INCY	C	-0.03%
	BG	F	-0.03%
	DLTR	F	-0.03%
	AKAM	D	-0.03%
	MRNA	F	-0.03%
	EPAM	C	-0.03%
	FFIV	B	-0.03%
	RVTY	F	-0.03%
	APTV	D	-0.03%
	AMCR	D	-0.03%
	DOC	D	-0.03%
	EL	F	-0.03%
	VRSN	F	-0.03%
	ALGN	D	-0.03%
	EG	C	-0.03%
	BAX	D	-0.03%
	DG	F	-0.03%
	IVZ	B	-0.02%
	MTCH	D	-0.02%
	HAS	D	-0.02%
	CZR	F	-0.02%
	HSIC	B	-0.02%
	ENPH	F	-0.02%
	MGM	D	-0.02%
	WYNN	D	-0.02%
	TFX	F	-0.02%
	SMCI	F	-0.02%
	SOLV	C	-0.02%
	AES	F	-0.02%
	CRL	C	-0.02%
	CTLT	B	-0.02%
	FOXA	B	-0.02%
	GNRC	B	-0.02%
	BXP	D	-0.02%
	NCLH	B	-0.02%
	DAY	B	-0.02%
	KMX	B	-0.02%
	ALLE	D	-0.02%
	WBA	F	-0.01%
	QRVO	F	-0.01%
	PARA	C	-0.01%
	FMC	D	-0.01%
	DVA	B	-0.01%
	MHK	D	-0.01%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

PBP: 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