DTD vs. SPDG ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.60

Average Daily Volume

1,534

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	DTD	SPDG
30 Days	3.20%	1.42%
60 Days	5.00%	2.99%
90 Days	6.93%	5.95%
12 Months	31.64%	30.67%

237 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in SPDG	Overlap
	ABBV	D	1.97%	1.27%	1.27%
	ABM	B	0.01%	0.01%	0.01%
	ABT	B	0.42%	0.83%	0.42%
	ADC	B	0.01%	0.09%	0.01%
	ADI	D	0.21%	1.25%	0.21%
	ADP	B	0.34%	0.5%	0.34%
	AEP	D	0.24%	0.27%	0.24%
	ALE	A	0.03%	0.02%	0.02%
	ALLY	C	0.05%	0.11%	0.05%
	AMGN	D	0.55%	0.64%	0.55%
	AOS	F	0.02%	0.04%	0.02%
	APD	A	0.19%	0.59%	0.19%
	ASB	B	0.04%	0.04%	0.04%
	ASH	D	0.01%	0.03%	0.01%
	AUB	B	0.03%	0.04%	0.03%
	AVA	A	0.03%	0.01%	0.01%
	AVGO	D	2.39%	9.3%	2.39%
	AVNT	B	0.02%	0.04%	0.02%
	AVT	C	0.02%	0.06%	0.02%
	AVY	D	0.03%	0.15%	0.03%
	BANR	B	0.03%	0.02%	0.02%
	BBY	D	0.11%	0.19%	0.11%
	BDX	F	0.12%	0.27%	0.12%
	BEN	C	0.06%	0.07%	0.06%
	BK	A	0.23%	0.58%	0.23%
	BKH	A	0.04%	0.02%	0.02%
	BKU	A	0.01%	0.03%	0.01%
	BMY	B	0.57%	0.47%	0.47%
	BOH	B	0.01%	0.03%	0.01%
	BR	A	0.07%	0.11%	0.07%
	BRC	D	0.02%	0.01%	0.01%
	C	A	0.63%	1.39%	0.63%
	CADE	B	0.02%	0.07%	0.02%
	CAG	D	0.07%	0.07%	0.07%
	CAH	B	0.07%	0.12%	0.07%
	CAT	B	0.45%	0.81%	0.45%
	CATY	B	0.03%	0.04%	0.03%
	CBT	C	0.03%	0.05%	0.03%
	CBU	B	0.02%	0.04%	0.02%
	CC	C	0.01%	0.03%	0.01%
	CCI	D	0.22%	0.54%	0.22%
	CCOI	B	0.03%	0.12%	0.03%
	CE	F	0.02%	0.07%	0.02%
	CF	B	0.04%	0.14%	0.04%
	CFR	B	0.04%	0.08%	0.04%
	CHRW	C	0.04%	0.06%	0.04%
	CI	F	0.21%	0.41%	0.21%
	CINF	A	0.08%	0.25%	0.08%
	CLX	B	0.07%	0.11%	0.07%
	CMA	A	0.06%	0.09%	0.06%
	CMI	A	0.17%	0.21%	0.17%
	COLB	A	0.03%	0.06%	0.03%
	CPB	D	0.05%	0.04%	0.04%
	CSCO	B	1.3%	2.63%	1.3%
	CUBE	D	0.06%	0.13%	0.06%
	CVBF	A	0.02%	0.03%	0.02%
	CVS	D	0.25%	0.33%	0.25%
	CVX	A	1.51%	0.94%	0.94%
	DCI	B	0.03%	0.04%	0.03%
	DE	A	0.18%	0.45%	0.18%
	DGX	A	0.04%	0.07%	0.04%
	DKS	C	0.04%	0.12%	0.04%
	DLB	B	0.01%	0.05%	0.01%
	DOV	A	0.06%	0.12%	0.06%
	DTM	B	0.05%	0.03%	0.03%
	DUK	C	0.39%	0.43%	0.39%
	EIX	B	0.15%	0.17%	0.15%
	EMN	D	0.05%	0.11%	0.05%
	EMR	A	0.19%	0.32%	0.19%
	ENR	B	0.01%	0.01%	0.01%
	EQR	B	0.1%	0.28%	0.1%
	ES	D	0.11%	0.11%	0.11%
	ETR	B	0.22%	0.15%	0.15%
	EVRG	A	0.08%	0.07%	0.07%
	EXC	C	0.15%	0.2%	0.15%
	FAF	A	0.03%	0.07%	0.03%
	FAST	B	0.19%	0.19%	0.19%
	FCPT	C	0.02%	0.03%	0.02%
	FDX	B	0.16%	0.29%	0.16%
	FE	C	0.11%	0.11%	0.11%
	FFBC	A	0.02%	0.03%	0.02%
	FHB	A	0.04%	0.04%	0.04%
	FITB	A	0.16%	0.33%	0.16%
	FLO	D	0.03%	0.02%	0.02%
	FLS	B	0.03%	0.03%	0.03%
	FNB	A	0.04%	0.06%	0.04%
	FNF	B	0.07%	0.17%	0.07%
	FRT	B	0.04%	0.09%	0.04%
	FULT	A	0.02%	0.04%	0.02%
	GATX	A	0.01%	0.02%	0.01%
	GBCI	B	0.02%	0.06%	0.02%
	GD	F	0.2%	0.32%	0.2%
	GILD	C	0.47%	0.43%	0.43%
	GIS	D	0.16%	0.19%	0.16%
	GLW	B	0.17%	0.41%	0.17%
	GPC	D	0.06%	0.22%	0.06%
	GPK	C	0.03%	0.07%	0.03%
	GS	A	0.69%	1.87%	0.69%
	HBAN	A	0.13%	0.26%	0.13%
	HD	A	1.78%	4.14%	1.78%
	HI	C	0.01%	0.01%	0.01%
	HII	D	0.02%	0.04%	0.02%
	HON	B	0.53%	0.64%	0.53%
	HPE	B	0.08%	0.35%	0.08%
	HPQ	B	0.15%	0.43%	0.15%
	HRB	D	0.05%	0.09%	0.05%
	HRL	D	0.07%	0.04%	0.04%
	HUBB	B	0.05%	0.1%	0.05%
	IBM	C	1.21%	2.33%	1.21%
	IDCC	A	0.02%	0.05%	0.02%
	INGR	B	0.05%	0.04%	0.04%
	IPG	D	0.06%	0.43%	0.06%
	ITW	B	0.31%	0.33%	0.31%
	JEF	A	0.07%	0.12%	0.07%
	JNJ	D	1.83%	1.53%	1.53%
	JNPR	F	0.05%	0.14%	0.05%
	K	A	0.13%	0.11%	0.11%
	KFY	B	0.02%	0.02%	0.02%
	KMB	D	0.26%	0.24%	0.24%
	KMT	B	0.02%	0.01%	0.01%
	KO	D	1.4%	1.26%	1.26%
	KRC	C	0.01%	0.04%	0.01%
	KVUE	A	0.19%	0.23%	0.19%
	LCII	C	0.02%	0.03%	0.02%
	LDOS	C	0.04%	0.09%	0.04%
	LECO	B	0.03%	0.05%	0.03%
	LHX	C	0.12%	0.19%	0.12%
	LMT	D	0.45%	0.51%	0.45%
	LNC	B	0.05%	0.06%	0.05%
	LOW	D	0.57%	1.56%	0.57%
	MAA	B	0.06%	0.21%	0.06%
	MAN	D	0.01%	0.01%	0.01%
	MAS	D	0.05%	0.07%	0.05%
	MCD	D	0.83%	2.13%	0.83%
	MCHP	D	0.07%	0.44%	0.07%
	MET	A	0.22%	0.51%	0.22%
	MMS	F	0.01%	0.02%	0.01%
	MO	A	0.7%	0.48%	0.48%
	MRK	F	0.79%	1.09%	0.79%
	MS	A	1.03%	1.55%	1.03%
	MSM	C	0.03%	0.02%	0.02%
	MTB	A	0.16%	0.35%	0.16%
	NAVI	C	0.01%	0.01%	0.01%
	NEU	C	0.02%	0.03%	0.02%
	NFG	A	0.03%	0.03%	0.03%
	NNN	D	0.04%	0.09%	0.04%
	NOC	D	0.14%	0.29%	0.14%
	NSA	D	0.02%	0.04%	0.02%
	NSC	B	0.16%	0.25%	0.16%
	NSP	D	0.01%	0.01%	0.01%
	NTAP	C	0.08%	0.3%	0.08%
	NTRS	A	0.09%	0.21%	0.09%
	NWE	B	0.04%	0.02%	0.02%
	NXST	C	0.03%	0.19%	0.03%
	O	D	0.25%	0.55%	0.25%
	OC	A	0.04%	0.07%	0.04%
	OGE	B	0.06%	0.04%	0.04%
	OGN	D	0.03%	0.02%	0.02%
	OGS	A	0.03%	0.02%	0.02%
	OKE	A	0.38%	0.22%	0.22%
	ONB	B	0.02%	0.07%	0.02%
	ORCL	B	0.74%	3.47%	0.74%
	ORI	A	0.07%	0.1%	0.07%
	OSK	B	0.02%	0.03%	0.02%
	OZK	B	0.03%	0.05%	0.03%
	PAYX	C	0.25%	0.18%	0.18%
	PB	A	0.03%	0.08%	0.03%
	PDCO	D	0.01%	0.01%	0.01%
	PEP	F	1.12%	1.06%	1.06%
	PFG	D	0.09%	0.19%	0.09%
	PH	A	0.2%	0.39%	0.2%
	PII	D	0.02%	0.04%	0.02%
	PKG	A	0.11%	0.17%	0.11%
	PM	B	1.16%	0.92%	0.92%
	PNC	B	0.39%	0.86%	0.39%
	PNW	B	0.08%	0.05%	0.05%
	POR	C	0.03%	0.02%	0.02%
	PPG	F	0.08%	0.26%	0.08%
	PRU	A	0.25%	0.47%	0.25%
	PSX	C	0.2%	0.2%	0.2%
	PZZA	D	0.01%	0.02%	0.01%
	QCOM	F	0.42%	2.22%	0.42%
	R	B	0.03%	0.03%	0.03%
	RDN	C	0.04%	0.06%	0.04%
	RF	A	0.15%	0.25%	0.15%
	RHI	B	0.02%	0.03%	0.02%
	ROK	B	0.06%	0.14%	0.06%
	RPM	A	0.04%	0.14%	0.04%
	RSG	A	0.1%	0.18%	0.1%
	SBUX	A	0.31%	1.15%	0.31%
	SEE	C	0.01%	0.04%	0.01%
	SFNC	B	0.03%	0.03%	0.03%
	SJM	D	0.05%	0.06%	0.05%
	SLGN	A	0.01%	0.04%	0.01%
	SMG	D	0.03%	0.03%	0.03%
	SNA	A	0.08%	0.07%	0.07%
	SNV	B	0.04%	0.08%	0.04%
	SO	D	0.41%	0.47%	0.41%
	SON	D	0.03%	0.04%	0.03%
	SR	A	0.03%	0.02%	0.02%
	STT	A	0.13%	0.3%	0.13%
	SWK	D	0.05%	0.06%	0.05%
	SWKS	F	0.04%	0.17%	0.04%
	SWX	B	0.02%	0.02%	0.02%
	SXT	B	0.01%	0.03%	0.01%
	SYY	B	0.17%	0.19%	0.17%
	TGT	F	0.25%	0.37%	0.25%
	TKR	D	0.02%	0.02%	0.02%
	TRMK	B	0.02%	0.02%	0.02%
	TRN	C	0.02%	0.01%	0.01%
	TROW	B	0.13%	0.27%	0.13%
	TSCO	D	0.08%	0.31%	0.08%
	TSN	B	0.08%	0.09%	0.08%
	TTC	D	0.02%	0.04%	0.02%
	TXN	C	0.65%	2.27%	0.65%
	UBSI	B	0.02%	0.06%	0.02%
	UCB	A	0.01%	0.04%	0.01%
	UDR	B	0.05%	0.15%	0.05%
	UGI	A	0.03%	0.03%	0.03%
	UNH	C	1.24%	2.35%	1.24%
	UNM	A	0.06%	0.12%	0.06%
	UNP	C	0.37%	0.66%	0.37%
	UPS	C	0.43%	0.42%	0.42%
	USB	A	0.42%	0.79%	0.42%
	VLO	C	0.17%	0.17%	0.17%
	VLY	B	0.04%	0.04%	0.04%
	VSH	D	0.01%	0.02%	0.01%
	WAFD	B	0.02%	0.03%	0.02%
	WBS	A	0.05%	0.1%	0.05%
	WEC	A	0.11%	0.15%	0.11%
	WERN	C	0.01%	0.01%	0.01%
	WM	A	0.24%	0.34%	0.24%
	WSO	A	0.06%	0.09%	0.06%
	WU	D	0.03%	0.04%	0.03%
	XOM	B	2.48%	1.84%	1.84%
	XRAY	F	0.01%	0.02%	0.01%
	ZION	B	0.04%	0.08%	0.04%

DTD Overweight 574 Positions Relative to SPDG

	Symbol	Grade	Weight
	JPM	A	3.09%
	AAPL	C	3.03%
	MSFT	F	2.78%
	NVDA	C	2.38%
	WMT	A	1.61%
	PG	A	1.61%
	BAC	A	1.22%
	META	D	0.92%
	WFC	A	0.9%
	CMCSA	B	0.88%
	GOOGL	C	0.87%
	TMUS	B	0.76%
	V	A	0.67%
	LLY	F	0.63%
	GOOG	C	0.57%
	RTX	C	0.56%
	MA	C	0.45%
	COST	B	0.44%
	BLK	C	0.43%
	EOG	A	0.41%
	SPG	B	0.4%
	BX	A	0.39%
	MDLZ	F	0.37%
	TJX	A	0.35%
	WMB	A	0.35%
	PLD	D	0.33%
	D	C	0.32%
	COP	C	0.32%
	AXP	A	0.32%
	CL	D	0.3%
	BKNG	A	0.3%
	PCAR	B	0.29%
	AMT	D	0.27%
	PEG	A	0.26%
	AFL	B	0.26%
	PSA	D	0.25%
	VICI	C	0.25%
	CRM	B	0.25%
	MMC	B	0.25%
	SYK	C	0.24%
	SCHW	B	0.23%
	XEL	A	0.22%
	MPC	D	0.22%
	FIS	C	0.21%
	KHC	F	0.21%
	ICE	C	0.21%
	APO	B	0.2%
	SRE	A	0.2%
	CME	A	0.19%
	WELL	A	0.19%
	ED	D	0.19%
	DOW	F	0.19%
	VST	B	0.18%
	DIS	B	0.17%
	INTU	C	0.17%
	DLR	B	0.17%
	AVB	B	0.16%
	GE	D	0.16%
	KR	B	0.16%
	COF	B	0.16%
	EQIX	A	0.16%
	SPGI	C	0.16%
	TMO	F	0.16%
	EXR	D	0.15%
	TRV	B	0.15%
	MAR	B	0.15%
	APH	A	0.15%
	CTAS	B	0.15%
	ALL	A	0.15%
	MSI	B	0.15%
	AMAT	F	0.14%
	KDP	D	0.14%
	NKE	D	0.14%
	AMP	A	0.14%
	DHR	F	0.14%
	SHW	A	0.13%
	ECL	D	0.13%
	PGR	A	0.13%
	DFS	B	0.13%
	KKR	A	0.13%
	HIG	B	0.13%
	ELV	F	0.13%
	AIG	B	0.13%
	LRCX	F	0.12%
	ZTS	D	0.12%
	AEE	A	0.12%
	BKR	B	0.12%
	HCA	F	0.11%
	CSX	B	0.11%
	MCO	B	0.11%
	GM	B	0.11%
	TRGP	B	0.11%
	STZ	D	0.11%
	YUM	B	0.11%
	DRI	B	0.11%
	IRM	D	0.11%
	CARR	D	0.1%
	PPL	B	0.1%
	CRBG	B	0.1%
	KLAC	D	0.1%
	ATO	A	0.1%
	GWW	B	0.1%
	IP	B	0.1%
	ARES	A	0.1%
	OTIS	C	0.1%
	DD	D	0.09%
	VTRS	A	0.09%
	SYF	B	0.09%
	DTE	C	0.09%
	EBAY	D	0.09%
	FANG	D	0.09%
	ADM	D	0.08%
	MCK	B	0.08%
	HSY	F	0.08%
	URI	B	0.08%
	CG	A	0.08%
	CEG	D	0.08%
	VTR	C	0.08%
	LVS	C	0.08%
	CTSH	B	0.08%
	MU	D	0.08%
	OMC	C	0.08%
	LNG	B	0.08%
	CMS	C	0.07%
	NDAQ	A	0.07%
	WRB	A	0.07%
	AJG	B	0.07%
	OXY	D	0.07%
	COR	B	0.07%
	NRG	B	0.07%
	ARE	D	0.07%
	EQT	B	0.07%
	JXN	C	0.06%
	ESS	B	0.06%
	TPR	B	0.06%
	MKC	D	0.06%
	HLT	A	0.06%
	AWK	D	0.06%
	WPC	D	0.06%
	LAMR	D	0.06%
	LUV	C	0.06%
	TXRH	C	0.06%
	RJF	A	0.06%
	ROST	C	0.06%
	LNT	A	0.06%
	RGA	A	0.06%
	GLPI	C	0.06%
	NI	A	0.06%
	LEN	D	0.06%
	DHI	D	0.06%
	HES	B	0.06%
	AM	A	0.06%
	EWBC	A	0.06%
	DELL	C	0.06%
	INVH	D	0.05%
	AME	A	0.05%
	LII	A	0.05%
	GEN	B	0.05%
	VMC	B	0.05%
	KIM	A	0.05%
	CBOE	B	0.05%
	IR	B	0.05%
	EVR	B	0.05%
	PHM	D	0.05%
	OMF	A	0.05%
	RS	B	0.05%
	HAL	C	0.05%
	DAL	C	0.05%
	FOX	A	0.05%
	ROP	B	0.05%
	CNA	B	0.05%
	WSM	B	0.05%
	OWL	A	0.05%
	EQH	B	0.05%
	NUE	C	0.05%
	UI	A	0.05%
	CNP	B	0.05%
	MSCI	C	0.05%
	AIT	A	0.04%
	MRO	B	0.04%
	HST	C	0.04%
	VRSK	A	0.04%
	ERIE	D	0.04%
	WAB	B	0.04%
	PCG	A	0.04%
	MLI	C	0.04%
	ACI	C	0.04%
	CIVI	D	0.04%
	MTG	C	0.04%
	BRO	B	0.04%
	CSL	C	0.04%
	HLI	B	0.04%
	EA	A	0.04%
	ITT	A	0.04%
	TPL	A	0.04%
	BAH	F	0.04%
	OVV	B	0.04%
	TAP	C	0.04%
	XYL	D	0.04%
	HWM	A	0.04%
	BRX	A	0.04%
	CHRD	D	0.04%
	CHD	B	0.04%
	ROL	B	0.04%
	ODFL	B	0.04%
	PWR	A	0.04%
	SW	A	0.04%
	MLM	B	0.04%
	WY	D	0.04%
	RMD	C	0.04%
	STLD	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%
	FTV	C	0.03%
	TNL	A	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	CPT	B	0.03%
	MPWR	F	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	NWSA	B	0.03%
	ACT	D	0.03%
	CNO	A	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	OFG	B	0.03%
	EHC	B	0.03%
	FCNCA	A	0.03%
	HLNE	B	0.03%
	GAP	C	0.03%
	WST	C	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	DPZ	C	0.03%
	AIZ	A	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	EFX	F	0.03%
	BWXT	B	0.03%
	VCTR	B	0.03%
	FBP	B	0.03%
	DINO	D	0.03%
	PATK	D	0.03%
	HUM	C	0.03%
	SUI	D	0.03%
	LKQ	D	0.03%
	MTN	C	0.03%
	AFG	A	0.03%
	GEHC	F	0.03%
	WTRG	B	0.03%
	BALL	D	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	WAL	B	0.03%
	HOMB	A	0.03%
	TFSL	A	0.03%
	VRT	B	0.03%
	A	D	0.03%
	HEI	B	0.03%
	AROC	B	0.03%
	GPN	B	0.03%
	SIRI	C	0.03%
	LH	C	0.03%
	PFS	B	0.03%
	PAG	B	0.03%
	BPOP	B	0.03%
	ALSN	B	0.03%
	EXPD	D	0.03%
	RL	B	0.03%
	CDW	F	0.03%
	SSNC	B	0.03%
	PRI	A	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%
	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%
	UPBD	B	0.02%
	JBL	B	0.02%
	NYT	C	0.02%
	ACM	A	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	SEIC	B	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	MOS	F	0.02%
	STC	B	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	WWD	B	0.02%
	MCY	A	0.02%
	NDSN	B	0.02%
	MGY	A	0.02%
	TXT	D	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	IBKR	A	0.02%
	LW	C	0.02%
	AMH	D	0.02%
	UHS	D	0.02%
	VIRT	B	0.02%
	NBHC	B	0.02%
	HNI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	CMC	B	0.02%
	FCF	A	0.02%
	SBRA	C	0.02%
	CRC	B	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%
	LPX	B	0.02%
	OCFC	B	0.02%
	RGLD	C	0.02%
	BBWI	D	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	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%
	JKHY	D	0.02%
	TW	A	0.02%
	SLM	A	0.02%
	HRI	B	0.02%
	JBHT	C	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%
	IBOC	A	0.02%
	STBA	B	0.02%
	ZBH	C	0.02%
	SBAC	D	0.02%
	PRGS	A	0.02%
	FDS	B	0.02%
	CBSH	A	0.02%
	TPG	A	0.02%
	TRST	A	0.02%
	J	F	0.02%
	APA	D	0.02%
	REYN	D	0.02%
	ALB	C	0.02%
	NJR	A	0.02%
	GEF	A	0.02%
	NOG	A	0.02%
	GGG	B	0.02%
	POOL	C	0.02%
	FBMS	B	0.02%
	IEX	B	0.02%
	AWI	A	0.02%
	REG	B	0.02%
	IIPR	D	0.01%
	CHCO	B	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	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%
	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%
	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%
	GL	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%
	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%
	PBF	D	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	BTU	B	0.01%
	CHDN	B	0.01%
	SAFT	C	0.01%
	LEG	F	0.01%
	MKTX	D	0.01%
	UTZ	D	0.01%
	MTDR	B	0.01%
	UVV	B	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%
	HMN	B	0.01%
	SIGI	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	FIX	A	0.01%
	AMSF	B	0.01%
	TECH	D	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%
	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%
	L	A	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	BSY	D	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%
	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%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	D	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SLG	B	0.01%
	PRK	B	0.01%
	SHOO	D	0.01%
	SLVM	B	0.01%
	VLTO	D	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	TER	D	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%
	PAYC	B	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%
	NWS	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 33 Positions Relative to SPDG

	Symbol	Grade	Weight
	VZ	C	-7.54%
	ACN	C	-2.57%
	TFC	A	-0.66%
	ETN	A	-0.59%
	PFE	D	-0.59%
	MDT	D	-0.46%
	GRMN	B	-0.35%
	STX	D	-0.26%
	CFG	B	-0.22%
	LYB	F	-0.2%
	KEY	B	-0.19%
	KMI	A	-0.17%
	AMCR	D	-0.13%
	BXP	D	-0.12%
	FHN	A	-0.11%
	OHI	C	-0.11%
	HAS	D	-0.09%
	WHR	B	-0.07%
	STWD	C	-0.07%
	BAX	D	-0.07%
	JHG	A	-0.06%
	FMC	D	-0.06%
	ALLE	D	-0.05%
	CTRE	D	-0.05%
	NVT	B	-0.05%
	CDP	C	-0.04%
	ABR	C	-0.03%
	INDB	B	-0.03%
	FHI	A	-0.03%
	HASI	D	-0.03%
	HIW	D	-0.03%
	B	B	-0.01%
	PRGO	B	-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

SPDG: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Asset Management Packaged Foods Specialty Chemicals Drug Manufacturers - Major Semiconductors Packaging & Containers Tools & Accessories Utilities - Diversified Business Services Insurance - Life Aerospace & Defense Chemicals Communication Equipment Electronic Components REIT - Diversified REIT - Office REIT - Retail

Keywords: S&P 500 Bank Banking Natural Gas Deposit Products Chemical Commercial Banking Mining Electricity Insurance Nasdaq 100 Real Estate Investment Trust Real Estate Loans Investment Bank Investment Management Beverage Cash Management Dow Jones Component Electronics Financial Products