DTD vs. PFF ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to iShares US Preferred Stock ETF (PFF)

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

$78.32

Average Daily Volume

23,937

Number of Holdings ^*

811

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.46

Average Daily Volume

3,728,729

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	DTD	PFF
30 Days	0.02%	-2.41%
60 Days	3.30%	-1.92%
90 Days	5.79%	2.47%
12 Months	29.26%	14.11%

81 Overlapping Holdings

Symbol	Grade	Weight in DTD	Weight in PFF	Overlap
ADC	A	0.01%	0.08%	0.01%
ALB	B	0.02%	1.35%	0.02%
ALL	A	0.15%	0.16%	0.15%
AMH	C	0.02%	0.07%	0.02%
APO	A	0.2%	0.4%	0.2%
ARES	A	0.1%	1.0%	0.1%
ASB	B	0.04%	0.05%	0.04%
AUB	B	0.03%	0.11%	0.03%
BAC	A	1.22%	0.28%	0.28%
BAC	A	1.22%	0.06%	0.06%
BANC	B	0.02%	0.32%	0.02%
BC	D	0.02%	0.08%	0.02%
BOH	B	0.01%	0.08%	0.01%
C	B	0.63%	1.68%	0.63%
CADE	B	0.02%	0.09%	0.02%
CFR	B	0.04%	0.08%	0.04%
CG	B	0.08%	0.24%	0.08%
CMS	C	0.07%	0.11%	0.07%
CNO	B	0.03%	0.08%	0.03%
COF	B	0.16%	0.06%	0.06%
DLR	A	0.17%	0.11%	0.11%
DTE	C	0.09%	0.11%	0.09%
DUK	C	0.39%	0.62%	0.39%
EIX	C	0.15%	0.12%	0.12%
EPR	D	0.02%	0.06%	0.02%
EQH	B	0.05%	0.14%	0.05%
FCNCA	A	0.03%	0.2%	0.03%
FG	B	0.01%	0.23%	0.01%
FITB	B	0.16%	0.12%	0.12%
FRT	B	0.04%	0.08%	0.04%
FULT	B	0.02%	0.1%	0.02%
GL	C	0.01%	0.14%	0.01%
GS	B	0.69%	0.12%	0.12%
HBAN	B	0.13%	0.1%	0.1%
HIG	B	0.13%	0.22%	0.13%
HPE	B	0.08%	1.13%	0.08%
HTLF	B	0.02%	0.07%	0.02%
HWC	B	0.02%	0.11%	0.02%
JPM	A	3.09%	0.41%	0.41%
JXN	C	0.06%	0.37%	0.06%
KIM	A	0.05%	0.12%	0.05%
KKR	A	0.13%	0.24%	0.13%
KMPR	A	0.02%	0.09%	0.02%
LNC	B	0.05%	0.35%	0.05%
LXP	D	0.01%	0.06%	0.01%
MET	A	0.22%	0.37%	0.22%
MS	A	1.03%	0.25%	0.25%
MSBI	B	0.01%	0.07%	0.01%
MTB	A	0.16%	0.16%	0.16%
NAVI	F	0.01%	0.15%	0.01%
NSA	C	0.02%	0.13%	0.02%
NTRS	A	0.09%	0.22%	0.09%
ONB	B	0.02%	0.07%	0.02%
PBI	B	0.01%	0.23%	0.01%
PCG	A	0.04%	0.07%	0.04%
PNFP	B	0.01%	0.14%	0.01%
PRU	B	0.25%	0.19%	0.19%
PSA	C	0.25%	0.07%	0.07%
REG	A	0.02%	0.07%	0.02%
RF	A	0.15%	0.19%	0.15%
SCHW	A	0.23%	0.31%	0.23%
SF	B	0.03%	0.1%	0.03%
SIGI	B	0.01%	0.1%	0.01%
SLG	B	0.01%	0.12%	0.01%
SNV	B	0.04%	0.13%	0.04%
SO	C	0.41%	0.37%	0.37%
SR	A	0.03%	0.15%	0.03%
STT	B	0.13%	0.31%	0.13%
SYF	B	0.09%	0.33%	0.09%
TDS	B	0.02%	0.23%	0.02%
TPG	A	0.02%	0.26%	0.02%
USB	B	0.42%	0.21%	0.21%
VLY	B	0.04%	0.1%	0.04%
VOYA	B	0.02%	0.19%	0.02%
WAFD	B	0.02%	0.14%	0.02%
WAL	B	0.03%	0.16%	0.03%
WBS	A	0.05%	0.08%	0.05%
WCC	B	0.01%	0.35%	0.01%
WFC	A	0.9%	0.31%	0.31%
WRB	B	0.07%	0.12%	0.07%
WSBC	B	0.03%	0.1%	0.03%

DTD Overweight 731 Positions Relative to PFF

Symbol	Grade	Weight
AAPL	C	3.03%
MSFT	D	2.78%
XOM	B	2.48%
AVGO	C	2.39%
NVDA	A	2.38%
ABBV	F	1.97%
JNJ	D	1.83%
HD	A	1.78%
WMT	A	1.61%
PG	C	1.61%
CVX	A	1.51%
KO	D	1.4%
CSCO	B	1.3%
UNH	C	1.24%
IBM	C	1.21%
PM	A	1.16%
PEP	F	1.12%
META	C	0.92%
CMCSA	B	0.88%
GOOGL	B	0.87%
MCD	D	0.83%
MRK	F	0.79%
TMUS	B	0.76%
ORCL	A	0.74%
MO	A	0.7%
V	A	0.67%
TXN	C	0.65%
LLY	F	0.63%
GOOG	B	0.57%
LOW	C	0.57%
BMY	A	0.57%
RTX	D	0.56%
AMGN	D	0.55%
HON	B	0.53%
GILD	C	0.47%
MA	B	0.45%
LMT	D	0.45%
CAT	C	0.45%
COST	A	0.44%
BLK	B	0.43%
UPS	C	0.43%
QCOM	F	0.42%
ABT	A	0.42%
EOG	A	0.41%
SPG	A	0.4%
PNC	B	0.39%
BX	A	0.39%
OKE	A	0.38%
MDLZ	F	0.37%
UNP	D	0.37%
TJX	A	0.35%
WMB	A	0.35%
ADP	B	0.34%
PLD	D	0.33%
D	C	0.32%
COP	B	0.32%
AXP	B	0.32%
ITW	B	0.31%
SBUX	A	0.31%
CL	D	0.3%
BKNG	A	0.3%
PCAR	C	0.29%
AMT	D	0.27%
PEG	C	0.26%
AFL	C	0.26%
KMB	C	0.26%
TGT	B	0.25%
CVS	F	0.25%
PAYX	B	0.25%
O	C	0.25%
VICI	C	0.25%
CRM	B	0.25%
MMC	D	0.25%
AEP	C	0.24%
WM	B	0.24%
SYK	A	0.24%
BK	B	0.23%
XEL	A	0.22%
ETR	A	0.22%
MPC	D	0.22%
CCI	C	0.22%
FIS	C	0.21%
KHC	F	0.21%
CI	D	0.21%
ICE	C	0.21%
ADI	D	0.21%
PH	B	0.2%
PSX	C	0.2%
GD	D	0.2%
SRE	A	0.2%
FAST	B	0.19%
CME	A	0.19%
WELL	A	0.19%
ED	C	0.19%
APD	A	0.19%
DOW	F	0.19%
KVUE	A	0.19%
EMR	A	0.19%
VST	A	0.18%
DE	C	0.18%
VLO	C	0.17%
GLW	B	0.17%
CMI	A	0.17%
DIS	B	0.17%
INTU	B	0.17%
SYY	D	0.17%
NSC	B	0.16%
FDX	B	0.16%
GIS	F	0.16%
AVB	B	0.16%
GE	D	0.16%
KR	B	0.16%
EQIX	A	0.16%
SPGI	D	0.16%
TMO	F	0.16%
EXR	C	0.15%
HPQ	B	0.15%
TRV	A	0.15%
MAR	B	0.15%
EXC	C	0.15%
APH	B	0.15%
CTAS	B	0.15%
MSI	B	0.15%
NOC	D	0.14%
AMAT	F	0.14%
KDP	D	0.14%
NKE	F	0.14%
AMP	A	0.14%
DHR	D	0.14%
SHW	C	0.13%
ECL	D	0.13%
PGR	B	0.13%
TROW	B	0.13%
DFS	B	0.13%
K	B	0.13%
ELV	F	0.13%
AIG	C	0.13%
BDX	F	0.12%
LRCX	F	0.12%
ZTS	D	0.12%
AEE	A	0.12%
BKR	B	0.12%
LHX	B	0.12%
HCA	F	0.11%
CSX	C	0.11%
BBY	D	0.11%
MCO	D	0.11%
GM	B	0.11%
TRGP	A	0.11%
PKG	B	0.11%
WEC	A	0.11%
ES	C	0.11%
STZ	D	0.11%
YUM	D	0.11%
FE	C	0.11%
DRI	C	0.11%
IRM	C	0.11%
CARR	D	0.1%
PPL	A	0.1%
CRBG	B	0.1%
KLAC	F	0.1%
ATO	A	0.1%
GWW	B	0.1%
IP	A	0.1%
RSG	A	0.1%
OTIS	C	0.1%
EQR	C	0.1%
DD	D	0.09%
PFG	C	0.09%
VTRS	A	0.09%
EBAY	D	0.09%
FANG	D	0.09%
PNW	B	0.08%
ADM	D	0.08%
MCK	A	0.08%
HSY	F	0.08%
TSCO	D	0.08%
URI	B	0.08%
CINF	A	0.08%
TSN	B	0.08%
CEG	C	0.08%
VTR	B	0.08%
LVS	B	0.08%
CTSH	C	0.08%
MU	D	0.08%
PPG	F	0.08%
OMC	C	0.08%
LNG	A	0.08%
SNA	B	0.08%
NTAP	C	0.08%
EVRG	A	0.08%
HRL	D	0.07%
CAG	F	0.07%
JEF	A	0.07%
ORI	A	0.07%
CAH	B	0.07%
NDAQ	A	0.07%
AJG	B	0.07%
OXY	F	0.07%
BR	B	0.07%
COR	B	0.07%
NRG	B	0.07%
ARE	F	0.07%
EQT	A	0.07%
MCHP	F	0.07%
FNF	A	0.07%
CLX	A	0.07%
GPC	F	0.06%
ESS	A	0.06%
TPR	B	0.06%
CUBE	C	0.06%
IPG	F	0.06%
DOV	B	0.06%
MKC	D	0.06%
HLT	A	0.06%
AWK	C	0.06%
WSO	A	0.06%
OGE	A	0.06%
WPC	C	0.06%
LAMR	D	0.06%
BEN	C	0.06%
UNM	A	0.06%
LUV	B	0.06%
TXRH	B	0.06%
RJF	A	0.06%
ROST	D	0.06%
CMA	B	0.06%
LNT	A	0.06%
RGA	B	0.06%
MAA	A	0.06%
GLPI	C	0.06%
NI	A	0.06%
LEN	D	0.06%
DHI	D	0.06%
HES	B	0.06%
ROK	B	0.06%
AM	A	0.06%
EWBC	A	0.06%
DELL	B	0.06%
INVH	D	0.05%
SJM	D	0.05%
AME	A	0.05%
HRB	D	0.05%
UDR	C	0.05%
LII	A	0.05%
JNPR	D	0.05%
INGR	B	0.05%
GEN	B	0.05%
ALLY	C	0.05%
VMC	B	0.05%
CBOE	C	0.05%
IR	B	0.05%
EVR	B	0.05%
HUBB	B	0.05%
PHM	D	0.05%
OMF	A	0.05%
RS	B	0.05%
HAL	C	0.05%
DAL	A	0.05%
CPB	D	0.05%
FOX	A	0.05%
SWK	F	0.05%
EMN	D	0.05%
MAS	D	0.05%
ROP	C	0.05%
CNA	C	0.05%
WSM	D	0.05%
DTM	A	0.05%
OWL	A	0.05%
NUE	D	0.05%
UI	A	0.05%
CNP	A	0.05%
MSCI	B	0.05%
AIT	B	0.04%
MRO	A	0.04%
HST	D	0.04%
VRSK	B	0.04%
ERIE	F	0.04%
WAB	B	0.04%
MLI	B	0.04%
RPM	B	0.04%
ACI	C	0.04%
BKH	A	0.04%
CIVI	D	0.04%
RDN	D	0.04%
SWKS	F	0.04%
MTG	D	0.04%
OC	A	0.04%
BRO	B	0.04%
CSL	C	0.04%
CF	A	0.04%
HLI	B	0.04%
EA	A	0.04%
CHRW	B	0.04%
ITT	A	0.04%
TPL	A	0.04%
ZION	B	0.04%
BAH	D	0.04%
OVV	C	0.04%
TAP	B	0.04%
NWE	C	0.04%
DKS	D	0.04%
XYL	D	0.04%
HWM	A	0.04%
NNN	C	0.04%
FHB	B	0.04%
BRX	A	0.04%
CHRD	F	0.04%
CHD	A	0.04%
ROL	B	0.04%
ODFL	B	0.04%
DGX	A	0.04%
FNB	B	0.04%
PWR	A	0.04%
SW	A	0.04%
LDOS	C	0.04%
MLM	B	0.04%
WY	D	0.04%
RMD	C	0.04%
STLD	B	0.04%
LPLA	A	0.03%
KTB	A	0.03%
QCRH	B	0.03%
RUSHA	B	0.03%
WLK	F	0.03%
WH	B	0.03%
KBH	D	0.03%
ATR	B	0.03%
FTV	D	0.03%
TNL	B	0.03%
SMG	C	0.03%
NXST	C	0.03%
SASR	B	0.03%
CNS	B	0.03%
PNM	B	0.03%
CPT	C	0.03%
MPWR	F	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
NWSA	B	0.03%
ACT	D	0.03%
TMP	B	0.03%
BANF	B	0.03%
OFG	B	0.03%
CBT	C	0.03%
EHC	B	0.03%
MSM	D	0.03%
GPK	D	0.03%
SON	F	0.03%
CATY	B	0.03%
AVY	D	0.03%
ALE	A	0.03%
HLNE	A	0.03%
GAP	D	0.03%
WST	D	0.03%
DCI	B	0.03%
JWN	C	0.03%
WEN	C	0.03%
POR	C	0.03%
FLO	D	0.03%
DPZ	C	0.03%
OGN	F	0.03%
AIZ	A	0.03%
SCI	A	0.03%
EFX	F	0.03%
OGS	A	0.03%
BWXT	A	0.03%
VCTR	B	0.03%
OZK	B	0.03%
WU	F	0.03%
R	B	0.03%
FBP	B	0.03%
DINO	D	0.03%
PATK	D	0.03%
FAF	C	0.03%
HUM	D	0.03%
COLB	B	0.03%
CCOI	B	0.03%
SUI	C	0.03%
LKQ	F	0.03%
MTN	C	0.03%
FLS	A	0.03%
AFG	A	0.03%
SFNC	B	0.03%
GEHC	D	0.03%
WTRG	B	0.03%
BALL	D	0.03%
MC	B	0.03%
AWR	A	0.03%
FIBK	B	0.03%
NFG	A	0.03%
HOMB	A	0.03%
PB	A	0.03%
TFSL	A	0.03%
VRT	A	0.03%
LECO	C	0.03%
A	F	0.03%
HEI	A	0.03%
AROC	A	0.03%
GPN	C	0.03%
SIRI	D	0.03%
AVA	C	0.03%
LH	B	0.03%
PFS	B	0.03%
UGI	C	0.03%
PAG	B	0.03%
BPOP	C	0.03%
ALSN	B	0.03%
EXPD	D	0.03%
RL	C	0.03%
CDW	F	0.03%
SSNC	C	0.03%
PRI	A	0.03%
BANR	B	0.03%
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%
RRC	B	0.02%
PR	B	0.02%
UMBF	B	0.02%
FRME	B	0.02%
CRI	F	0.02%
IOSP	C	0.02%
CWEN	C	0.02%
BERY	D	0.02%
STEP	B	0.02%
UVSP	B	0.02%
MGEE	A	0.02%
BFH	B	0.02%
VAC	C	0.02%
MDU	D	0.02%
HUN	F	0.02%
SPB	C	0.02%
BNL	D	0.02%
RNST	B	0.02%
TKO	A	0.02%
WHD	B	0.02%
ARMK	C	0.02%
SEM	B	0.02%
SYBT	B	0.02%
MRTN	C	0.02%
OTTR	C	0.02%
KFY	B	0.02%
UPBD	C	0.02%
JBL	C	0.02%
NYT	D	0.02%
ACM	B	0.02%
IBTX	B	0.02%
CCS	F	0.02%
BRC	C	0.02%
SEIC	B	0.02%
AL	B	0.02%
WSFS	B	0.02%
GNTX	F	0.02%
BKE	B	0.02%
BWA	D	0.02%
NEU	D	0.02%
MOS	D	0.02%
STC	B	0.02%
BYD	B	0.02%
LAD	B	0.02%
APOG	B	0.02%
WWD	B	0.02%
FCPT	C	0.02%
MCY	B	0.02%
NDSN	D	0.02%
MGY	A	0.02%
TXT	D	0.02%
IPAR	C	0.02%
ADTN	A	0.02%
OSK	C	0.02%
IBKR	A	0.02%
LW	C	0.02%
UBSI	B	0.02%
UHS	D	0.02%
VIRT	A	0.02%
NBHC	B	0.02%
HNI	B	0.02%
RHP	B	0.02%
PINC	B	0.02%
RHI	C	0.02%
CMC	B	0.02%
FCF	B	0.02%
SBRA	B	0.02%
CRC	A	0.02%
LCII	D	0.02%
MATX	B	0.02%
EXP	B	0.02%
MUR	F	0.02%
CAKE	B	0.02%
IDA	A	0.02%
VRTS	B	0.02%
RRX	B	0.02%
PEBO	B	0.02%
MWA	B	0.02%
BRKL	B	0.02%
FFBC	B	0.02%
PII	F	0.02%
LPX	B	0.02%
OCFC	B	0.02%
TRMK	B	0.02%
KMT	C	0.02%
RGLD	C	0.02%
BBWI	C	0.02%
FBIN	F	0.02%
THO	C	0.02%
ELS	B	0.02%
TTC	F	0.02%
CE	F	0.02%
HAFC	B	0.02%
LSTR	D	0.02%
LANC	D	0.02%
STAG	D	0.02%
GTY	A	0.02%
KNTK	A	0.02%
JKHY	D	0.02%
TW	A	0.02%
SLM	B	0.02%
HRI	C	0.02%
JBHT	C	0.02%
IDCC	B	0.02%
BUSE	B	0.02%
UFPI	C	0.02%
CASY	A	0.02%
SSB	B	0.02%
ESI	B	0.02%
CVBF	B	0.02%
IBOC	B	0.02%
STBA	B	0.02%
CBU	B	0.02%
SWX	A	0.02%
ZBH	C	0.02%
SBAC	D	0.02%
PRGS	B	0.02%
FDS	B	0.02%
CBSH	A	0.02%
TRST	B	0.02%
J	D	0.02%
TKR	F	0.02%
AVNT	B	0.02%
APA	F	0.02%
REYN	D	0.02%
HII	F	0.02%
NJR	A	0.02%
TRN	A	0.02%
GEF	B	0.02%
GBCI	B	0.02%
NOG	B	0.02%
AOS	F	0.02%
GGG	B	0.02%
POOL	D	0.02%
FBMS	B	0.02%
IEX	B	0.02%
AVT	C	0.02%
AWI	B	0.02%
IIPR	F	0.01%
CHCO	B	0.01%
DAN	F	0.01%
CNXC	F	0.01%
DK	D	0.01%
HI	C	0.01%
TEX	D	0.01%
AESI	B	0.01%
IRDM	F	0.01%
IBP	F	0.01%
LZB	B	0.01%
COLD	F	0.01%
COKE	C	0.01%
WMG	C	0.01%
BMI	C	0.01%
VSH	F	0.01%
DLB	F	0.01%
WOR	F	0.01%
GES	F	0.01%
MLKN	F	0.01%
PCH	D	0.01%
CABO	C	0.01%
TOL	B	0.01%
OXM	F	0.01%
SCL	D	0.01%
ENS	D	0.01%
WINA	B	0.01%
BRKR	F	0.01%
MUSA	B	0.01%
BLMN	F	0.01%
SCS	B	0.01%
KNSL	B	0.01%
HXL	F	0.01%
LEVI	F	0.01%
LBRT	F	0.01%
PRDO	B	0.01%
CWEN	C	0.01%
OLED	F	0.01%
ASH	F	0.01%
CHE	F	0.01%
XRX	F	0.01%
GBX	B	0.01%
HOG	F	0.01%
AGM	B	0.01%
MCRI	A	0.01%
DIN	C	0.01%
AMKR	F	0.01%
DLX	B	0.01%
ORA	B	0.01%
CHH	A	0.01%
WKC	D	0.01%
KRO	F	0.01%
GRNT	B	0.01%
RGP	F	0.01%
CXT	C	0.01%
COLM	B	0.01%
SLGN	A	0.01%
RRR	F	0.01%
X	C	0.01%
EGP	D	0.01%
HEES	C	0.01%
SEB	F	0.01%
SFBS	B	0.01%
JJSF	C	0.01%
PDCO	F	0.01%
PBF	D	0.01%
ENR	B	0.01%
KALU	C	0.01%
PTVE	B	0.01%
XRAY	D	0.01%
BTU	C	0.01%
CC	D	0.01%
CHDN	C	0.01%
SAFT	B	0.01%
LEG	F	0.01%
MKTX	D	0.01%
KRC	C	0.01%
UTZ	D	0.01%
MAN	F	0.01%
MTDR	C	0.01%
UVV	B	0.01%
UCB	A	0.01%
RLI	A	0.01%
AZZ	A	0.01%
HP	C	0.01%
KLG	D	0.01%
BHE	B	0.01%
MORN	B	0.01%
AAON	B	0.01%
PZZA	F	0.01%
HMN	B	0.01%
WERN	B	0.01%
CRGY	A	0.01%
EDR	A	0.01%
KSS	F	0.01%
FIX	A	0.01%
MMS	D	0.01%
AMSF	B	0.01%
TECH	F	0.01%
KWR	D	0.01%
EPC	F	0.01%
SSBK	B	0.01%
EXPO	D	0.01%
WMK	B	0.01%
CHX	C	0.01%
NSP	F	0.01%
MSA	D	0.01%
BCO	F	0.01%
EME	A	0.01%
OLN	F	0.01%
CPK	A	0.01%
KBR	F	0.01%
L	A	0.01%
SRCE	B	0.01%
SM	C	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	A	0.01%
DNB	B	0.01%
AGCO	F	0.01%
VMI	B	0.01%
PFBC	B	0.01%
UTL	C	0.01%
LFUS	D	0.01%
EBC	B	0.01%
SNDR	B	0.01%
AEO	F	0.01%
LEA	F	0.01%
WGO	D	0.01%
GATX	B	0.01%
NOV	D	0.01%
PHIN	B	0.01%
PFSI	C	0.01%
WMS	F	0.01%
FFIN	B	0.01%
WD	D	0.01%
SXT	C	0.01%
PRK	B	0.01%
BKU	A	0.01%
SHOO	D	0.01%
SLVM	C	0.01%
VLTO	C	0.01%
SKT	A	0.01%
JBT	A	0.01%
TER	F	0.01%
PTEN	C	0.01%
SNX	D	0.01%
WTFC	B	0.01%
POWL	C	0.01%
CCK	D	0.01%
SEE	D	0.01%
PAYC	B	0.01%
CVI	D	0.01%
CRS	A	0.01%
MAC	A	0.0%
POWI	D	0.0%
KW	B	0.0%
NWS	A	0.0%
GTN	F	0.0%
RELL	B	0.0%
NFE	F	0.0%
UWMC	D	0.0%
CWH	C	0.0%
BGS	F	0.0%
NUS	C	0.0%

DTD Underweight 146 Positions Relative to PFF

Symbol	Grade	Weight
NEE	C	-1.08%
T	A	-0.88%
TBB	D	-0.79%
T	A	-0.64%
SOJD	D	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
NEE	C	-0.42%
CMSD	C	-0.38%
F	C	-0.37%
CHSCO	B	-0.36%
PRS	C	-0.35%
BTSG	B	-0.35%
CHSCL	B	-0.33%
GTLS	A	-0.32%
QRTEP	F	-0.32%
CTDD	A	-0.31%
DUKB	D	-0.31%
CHSCM	D	-0.31%
AXS	A	-0.31%
UZE	A	-0.29%
USM	B	-0.29%
FITBI	B	-0.29%
BPYPM	D	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
PFH	D	-0.25%
RZB	C	-0.25%
KEY	B	-0.25%
CFG	B	-0.24%
DTW	D	-0.23%
CHSCP	F	-0.22%
EAI	D	-0.22%
AGNCN	A	-0.21%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	D	-0.19%
ATHS	C	-0.19%
ACGLO	D	-0.19%
UMH	A	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	D	-0.17%
CMSC	C	-0.17%
TCBI	B	-0.16%
TVC	D	-0.15%
ELC	D	-0.15%
BHF	C	-0.15%
NRUC	D	-0.15%
RNR	C	-0.15%
GPJA	D	-0.15%
OZKAP	D	-0.15%
FBRT	C	-0.14%
AIZN	D	-0.14%
HPP	F	-0.14%
EMP	D	-0.14%
AGNC	C	-0.14%
DBRG	F	-0.13%
DDT	A	-0.13%
KMI	A	-0.13%
TVE	C	-0.12%
SLMBP	C	-0.12%
VNO	C	-0.12%
CMSA	C	-0.12%
FCNCO	D	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	D	-0.11%
AFGC	D	-0.11%
NYMTM	A	-0.11%
TRTX	B	-0.1%
SPLP	D	-0.1%
AFGE	D	-0.1%
RITM	D	-0.1%
DHC	F	-0.1%
TFC	A	-0.1%
CIM	D	-0.09%
AMG	C	-0.09%
GPMT	B	-0.09%
ZIONO	C	-0.09%
ARR	D	-0.09%
AGNCL	A	-0.09%
AFGD	A	-0.09%
CION	D	-0.09%
AHH	D	-0.09%
BNRE.A	A	-0.09%
QVCD	D	-0.08%
ATLC	A	-0.08%
TWO	D	-0.08%
GAIN	A	-0.08%
CTVA	C	-0.08%
AFGB	C	-0.08%
LANDO	C	-0.08%
NYMTL	A	-0.08%
ARGD	D	-0.08%
WTFCM	A	-0.08%
MBIN	F	-0.08%
NYMTN	D	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
BPOPM	C	-0.07%
CLDT	C	-0.07%
IVR	D	-0.07%
FCRX	B	-0.07%
ABR	B	-0.07%
CTO	B	-0.07%
MHNC	C	-0.07%
FTAI	A	-0.07%
PMT	D	-0.07%
VLYPP	A	-0.07%
NEWT	B	-0.07%
MFA	D	-0.07%
NMFC	D	-0.07%
DRH	B	-0.07%
EQC	A	-0.07%
TRIN	A	-0.07%
FHN	A	-0.07%
SNCR	F	-0.07%
DX	A	-0.07%
RILYN	F	-0.06%
BFS	C	-0.06%
PEB	F	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	A	-0.06%
EFC	C	-0.06%
GNL	D	-0.06%
BW	C	-0.06%
SAR	A	-0.06%
DCOMP	D	-0.06%
FATBP	F	-0.05%
MHLA	B	-0.05%
CIO	F	-0.05%
INN	D	-0.05%
SHO	D	-0.05%
FOSL	C	-0.05%
RC	D	-0.05%
SLNHP	B	-0.04%
OPI	F	-0.04%
BHR	C	-0.03%
XELAP	F	-0.0%