GDE vs. PHDG ETF Comparison

Comparison of WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

GDE Description

WisdomTree Efficient Gold Plus Equity Strategy Fund seeks total return by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of U.S.-listed gold futures contracts and U.S. large-cap equity securities.

Grade (RS Rating)

Last Trade

$39.24

Average Daily Volume

12,939

Number of Holdings ^*

484

* 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

$38.03

Average Daily Volume

13,932

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	GDE	PHDG
30 Days	9.88%	2.26%
60 Days	19.45%	-2.53%
90 Days	11.33%	0.76%
12 Months	77.30%	25.03%

414 Overlapping Holdings

Symbol	Grade	Weight in GDE	Weight in PHDG	Overlap
A	B	0.09%	0.05%	0.05%
AAPL	C	6.21%	3.97%	3.97%
ABBV	C	0.59%	0.39%	0.39%
ABNB	D	0.06%	0.07%	0.06%
ABT	C	0.34%	0.23%	0.23%
ADBE	F	0.45%	0.26%	0.26%
ADI	B	0.27%	0.13%	0.13%
ADM	F	0.03%	0.03%	0.03%
ADP	A	0.2%	0.13%	0.13%
ADSK	B	0.14%	0.07%	0.07%
AEE	A	0.03%	0.03%	0.03%
AEP	C	0.09%	0.06%	0.06%
AFL	A	0.1%	0.06%	0.06%
AIG	C	0.1%	0.05%	0.05%
AJG	C	0.1%	0.07%	0.07%
AKAM	D	0.02%	0.02%	0.02%
ALB	D	0.0%	0.01%	0.0%
ALGN	D	0.01%	0.02%	0.01%
ALL	A	0.09%	0.06%	0.06%
AMAT	C	0.23%	0.19%	0.19%
AMD	C	0.52%	0.31%	0.31%
AME	C	0.08%	0.05%	0.05%
AMGN	D	0.28%	0.2%	0.2%
AMP	A	0.13%	0.05%	0.05%
AMT	D	0.19%	0.12%	0.12%
AMZN	C	3.56%	2.01%	2.01%
ANET	A	0.2%	0.11%	0.11%
ANSS	D	0.04%	0.03%	0.03%
APD	C	0.09%	0.08%	0.08%
APH	D	0.19%	0.09%	0.09%
ARE	D	0.02%	0.02%	0.02%
ATO	A	0.03%	0.02%	0.02%
AVB	C	0.05%	0.04%	0.04%
AVGO	B	1.48%	0.92%	0.92%
AVY	D	0.04%	0.02%	0.02%
AWK	D	0.09%	0.03%	0.03%
AXON	A	0.05%	0.03%	0.03%
AXP	A	0.35%	0.17%	0.17%
AZO	D	0.1%	0.06%	0.06%
BA	F	0.12%	0.1%	0.1%
BAC	B	0.55%	0.3%	0.3%
BALL	C	0.06%	0.02%	0.02%
BAX	D	0.01%	0.02%	0.01%
BBY	C	0.04%	0.02%	0.02%
BDX	C	0.08%	0.08%	0.08%
BEN	F	0.08%	0.01%	0.01%
BIIB	F	0.03%	0.03%	0.03%
BK	A	0.08%	0.06%	0.06%
BKNG	B	0.27%	0.16%	0.16%
BKR	B	0.08%	0.04%	0.04%
BLDR	C	0.03%	0.03%	0.03%
BLK	A	0.24%	0.15%	0.15%
BMY	A	0.12%	0.12%	0.12%
BR	B	0.04%	0.03%	0.03%
BRK.A	B	1.75%	0.96%	0.96%
BRO	A	0.04%	0.03%	0.03%
BSX	A	0.19%	0.14%	0.14%
BX	C	0.31%	0.13%	0.13%
C	B	0.18%	0.14%	0.14%
CAG	D	0.02%	0.02%	0.02%
CAH	B	0.05%	0.03%	0.03%
CARR	A	0.1%	0.08%	0.08%
CAT	A	0.29%	0.22%	0.22%
CBRE	C	0.07%	0.04%	0.04%
CCI	D	0.09%	0.06%	0.06%
CDNS	D	0.08%	0.09%	0.08%
CDW	D	0.04%	0.04%	0.04%
CE	D	0.1%	0.02%	0.02%
CEG	A	0.15%	0.09%	0.09%
CF	A	0.03%	0.02%	0.02%
CFG	C	0.03%	0.02%	0.02%
CHD	D	0.05%	0.03%	0.03%
CHTR	D	0.11%	0.04%	0.04%
CI	D	0.18%	0.11%	0.11%
CINF	A	0.03%	0.02%	0.02%
CL	D	0.14%	0.1%	0.1%
CLX	C	0.03%	0.02%	0.02%
CMCSA	B	0.21%	0.18%	0.18%
CME	A	0.12%	0.09%	0.09%
CMG	C	0.09%	0.09%	0.09%
CMI	A	0.08%	0.05%	0.05%
CMS	A	0.04%	0.02%	0.02%
CNC	F	0.06%	0.05%	0.05%
CNP	B	0.06%	0.02%	0.02%
COF	A	0.12%	0.07%	0.07%
COP	D	0.14%	0.14%	0.14%
COST	C	0.7%	0.45%	0.45%
CPAY	A	0.04%	0.03%	0.03%
CPRT	B	0.07%	0.05%	0.05%
CRM	B	0.4%	0.31%	0.31%
CRWD	D	0.13%	0.08%	0.08%
CSCO	A	0.43%	0.24%	0.24%
CSGP	F	0.03%	0.04%	0.03%
CSX	D	0.19%	0.08%	0.08%
CTAS	C	0.14%	0.08%	0.08%
CTRA	D	0.01%	0.02%	0.01%
CTSH	B	0.11%	0.04%	0.04%
CTVA	A	0.08%	0.05%	0.05%
CVS	D	0.15%	0.09%	0.09%
CVX	B	0.3%	0.28%	0.28%
D	A	0.1%	0.06%	0.06%
DAL	C	0.04%	0.04%	0.04%
DD	C	0.06%	0.04%	0.04%
DE	C	0.13%	0.12%	0.12%
DECK	B	0.06%	0.03%	0.03%
DELL	C	0.18%	0.04%	0.04%
DFS	A	0.06%	0.04%	0.04%
DG	F	0.01%	0.02%	0.01%
DGX	D	0.02%	0.02%	0.02%
DHI	C	0.1%	0.06%	0.06%
DHR	D	0.38%	0.2%	0.2%
DIS	D	0.18%	0.2%	0.18%
DLR	C	0.09%	0.06%	0.06%
DLTR	F	0.01%	0.02%	0.01%
DOV	C	0.05%	0.03%	0.03%
DOW	B	0.03%	0.04%	0.03%
DPZ	D	0.01%	0.02%	0.01%
DRI	C	0.08%	0.02%	0.02%
DTE	B	0.04%	0.03%	0.03%
DUK	C	0.14%	0.1%	0.1%
DVN	F	0.01%	0.03%	0.01%
DXCM	F	0.01%	0.03%	0.01%
EA	D	0.1%	0.04%	0.04%
EBAY	A	0.06%	0.04%	0.04%
ECL	C	0.12%	0.07%	0.07%
ED	C	0.05%	0.04%	0.04%
EFX	D	0.07%	0.04%	0.04%
EIX	C	0.06%	0.04%	0.04%
EL	D	0.01%	0.03%	0.01%
ELV	F	0.21%	0.14%	0.14%
EMR	B	0.15%	0.07%	0.07%
ENPH	F	0.04%	0.02%	0.02%
EOG	B	0.24%	0.08%	0.08%
EPAM	F	0.0%	0.01%	0.0%
EQIX	C	0.12%	0.1%	0.1%
EQR	C	0.04%	0.03%	0.03%
EQT	C	0.01%	0.02%	0.01%
ERIE	A	0.02%	0.02%	0.02%
ES	D	0.06%	0.03%	0.03%
ESS	D	0.03%	0.02%	0.02%
ETR	A	0.06%	0.03%	0.03%
EW	F	0.03%	0.05%	0.03%
EXC	C	0.09%	0.05%	0.05%
EXPD	D	0.06%	0.02%	0.02%
EXPE	B	0.04%	0.02%	0.02%
EXR	D	0.06%	0.04%	0.04%
F	D	0.03%	0.05%	0.03%
FANG	D	0.04%	0.04%	0.04%
FAST	C	0.08%	0.05%	0.05%
FCX	B	0.09%	0.08%	0.08%
FDS	C	0.05%	0.02%	0.02%
FDX	F	0.12%	0.07%	0.07%
FE	C	0.03%	0.03%	0.03%
FI	A	0.17%	0.12%	0.12%
FICO	C	0.07%	0.05%	0.05%
FIS	A	0.08%	0.05%	0.05%
FITB	C	0.05%	0.03%	0.03%
FSLR	C	0.05%	0.03%	0.03%
FTNT	A	0.11%	0.06%	0.06%
FTV	C	0.07%	0.03%	0.03%
GD	C	0.12%	0.09%	0.09%
GDDY	B	0.04%	0.03%	0.03%
GE	B	0.32%	0.23%	0.23%
GEHC	C	0.04%	0.04%	0.04%
GEV	A	0.1%	0.08%	0.08%
GILD	A	0.18%	0.12%	0.12%
GIS	C	0.06%	0.05%	0.05%
GLW	C	0.05%	0.04%	0.04%
GM	D	0.11%	0.06%	0.06%
GOOGL	B	3.68%	1.1%	1.1%
GPC	D	0.06%	0.02%	0.02%
GPN	F	0.03%	0.03%	0.03%
GS	B	0.31%	0.18%	0.18%
GWW	B	0.07%	0.05%	0.05%
HAL	D	0.01%	0.03%	0.01%
HBAN	B	0.03%	0.02%	0.02%
HCA	C	0.15%	0.09%	0.09%
HD	A	0.7%	0.45%	0.45%
HES	D	0.03%	0.04%	0.03%
HIG	A	0.05%	0.04%	0.04%
HLT	A	0.11%	0.07%	0.07%
HOLX	D	0.05%	0.02%	0.02%
HON	C	0.26%	0.16%	0.16%
HPE	B	0.05%	0.03%	0.03%
HPQ	B	0.08%	0.04%	0.04%
HRL	F	0.05%	0.01%	0.01%
HST	D	0.06%	0.01%	0.01%
HSY	D	0.04%	0.03%	0.03%
HUBB	A	0.02%	0.03%	0.02%
HUM	F	0.04%	0.04%	0.04%
HWM	A	0.07%	0.04%	0.04%
IBM	A	0.33%	0.23%	0.23%
ICE	A	0.16%	0.1%	0.1%
IDXX	D	0.05%	0.05%	0.05%
IEX	D	0.01%	0.02%	0.01%
IFF	D	0.04%	0.03%	0.03%
INCY	B	0.06%	0.01%	0.01%
INTC	D	0.06%	0.12%	0.06%
INTU	F	0.27%	0.2%	0.2%
INVH	D	0.03%	0.02%	0.02%
IP	C	0.03%	0.02%	0.02%
IPG	D	0.04%	0.01%	0.01%
IQV	F	0.09%	0.05%	0.05%
IR	A	0.03%	0.05%	0.03%
IRM	B	0.05%	0.04%	0.04%
ISRG	C	0.34%	0.2%	0.2%
IT	A	0.07%	0.05%	0.05%
ITW	C	0.15%	0.08%	0.08%
J	F	0.03%	0.02%	0.02%
JBHT	D	0.02%	0.02%	0.02%
JBL	C	0.0%	0.02%	0.0%
JNJ	D	0.7%	0.44%	0.44%
JPM	C	1.09%	0.68%	0.68%
K	B	0.04%	0.02%	0.02%
KDP	C	0.1%	0.04%	0.04%
KEY	B	0.02%	0.02%	0.02%
KEYS	B	0.06%	0.03%	0.03%
KHC	F	0.03%	0.04%	0.03%
KIM	C	0.01%	0.02%	0.01%
KKR	A	0.22%	0.1%	0.1%
KLAC	B	0.17%	0.12%	0.12%
KMB	D	0.09%	0.06%	0.06%
KMI	A	0.09%	0.05%	0.05%
KO	C	0.53%	0.32%	0.32%
KR	C	0.05%	0.04%	0.04%
KVUE	C	0.08%	0.05%	0.05%
L	C	0.02%	0.02%	0.02%
LDOS	A	0.03%	0.02%	0.02%
LEN	C	0.09%	0.05%	0.05%
LHX	A	0.07%	0.05%	0.05%
LKQ	F	0.0%	0.01%	0.0%
LLY	D	1.51%	0.79%	0.79%
LMT	A	0.23%	0.14%	0.14%
LOW	C	0.27%	0.17%	0.17%
LRCX	D	0.32%	0.12%	0.12%
LUV	B	0.05%	0.02%	0.02%
LVS	B	0.01%	0.02%	0.01%
LW	D	0.0%	0.01%	0.0%
LYV	A	0.06%	0.02%	0.02%
MA	A	0.88%	0.47%	0.47%
MAA	D	0.03%	0.02%	0.02%
MAR	A	0.07%	0.07%	0.07%
MAS	C	0.03%	0.02%	0.02%
MCD	A	0.38%	0.25%	0.25%
MCHP	F	0.05%	0.05%	0.05%
MCK	F	0.13%	0.07%	0.07%
MCO	D	0.13%	0.09%	0.09%
MDLZ	D	0.19%	0.11%	0.11%
MET	A	0.09%	0.06%	0.06%
META	A	2.6%	1.42%	1.42%
MGM	D	0.12%	0.01%	0.01%
MKC	C	0.05%	0.02%	0.02%
MLM	F	0.03%	0.04%	0.03%
MMC	D	0.18%	0.13%	0.13%
MMM	C	0.14%	0.09%	0.09%
MNST	D	0.03%	0.04%	0.03%
MO	D	0.15%	0.1%	0.1%
MOH	F	0.04%	0.02%	0.02%
MOS	F	0.09%	0.01%	0.01%
MPC	D	0.07%	0.06%	0.06%
MPWR	B	0.12%	0.05%	0.05%
MRK	F	0.38%	0.33%	0.33%
MRNA	F	0.02%	0.03%	0.02%
MRO	B	0.05%	0.02%	0.02%
MS	A	0.36%	0.15%	0.15%
MSCI	B	0.1%	0.05%	0.05%
MSFT	D	5.32%	3.65%	3.65%
MSI	A	0.12%	0.09%	0.09%
MTB	A	0.05%	0.03%	0.03%
MTD	C	0.08%	0.04%	0.04%
MU	D	0.15%	0.14%	0.14%
NDAQ	C	0.05%	0.03%	0.03%
NDSN	C	0.03%	0.02%	0.02%
NEE	C	0.31%	0.2%	0.2%
NEM	C	0.12%	0.07%	0.07%
NFLX	A	0.53%	0.35%	0.35%
NKE	D	0.12%	0.12%	0.12%
NOC	B	0.13%	0.08%	0.08%
NOW	B	0.35%	0.21%	0.21%
NSC	C	0.11%	0.06%	0.06%
NTAP	D	0.05%	0.03%	0.03%
NTRS	B	0.04%	0.02%	0.02%
NUE	D	0.03%	0.04%	0.03%
NVDA	B	5.15%	3.42%	3.42%
NVR	C	0.04%	0.03%	0.03%
NWSA	D	0.04%	0.01%	0.01%
O	C	0.1%	0.06%	0.06%
ODFL	F	0.06%	0.04%	0.04%
OKE	A	0.13%	0.06%	0.06%
OMC	C	0.03%	0.02%	0.02%
ON	F	0.04%	0.04%	0.04%
ORCL	A	0.77%	0.31%	0.31%
ORLY	A	0.12%	0.08%	0.08%
OTIS	A	0.08%	0.05%	0.05%
OXY	D	0.02%	0.04%	0.02%
PANW	B	0.18%	0.12%	0.12%
PAYX	B	0.08%	0.05%	0.05%
PCAR	D	0.05%	0.06%	0.05%
PCG	C	0.09%	0.05%	0.05%
PEG	A	0.06%	0.05%	0.05%
PEP	F	0.33%	0.27%	0.27%
PFE	D	0.22%	0.19%	0.19%
PFG	A	0.03%	0.02%	0.02%
PG	D	0.76%	0.47%	0.47%
PGR	B	0.28%	0.17%	0.17%
PH	A	0.14%	0.09%	0.09%
PHM	C	0.04%	0.03%	0.03%
PKG	B	0.03%	0.02%	0.02%
PLD	D	0.23%	0.13%	0.13%
PLTR	A	0.16%	0.08%	0.08%
PM	D	0.34%	0.22%	0.22%
PNC	C	0.13%	0.08%	0.08%
PODD	C	0.04%	0.02%	0.02%
POOL	D	0.01%	0.02%	0.01%
PPG	D	0.03%	0.04%	0.03%
PPL	C	0.04%	0.03%	0.03%
PRU	B	0.08%	0.05%	0.05%
PSA	C	0.09%	0.07%	0.07%
PSX	D	0.06%	0.06%	0.06%
PTC	B	0.02%	0.03%	0.02%
PWR	A	0.08%	0.05%	0.05%
PYPL	A	0.17%	0.09%	0.09%
QCOM	D	0.31%	0.22%	0.22%
REGN	D	0.22%	0.13%	0.13%
RF	B	0.03%	0.02%	0.02%
RJF	B	0.05%	0.03%	0.03%
RMD	C	0.06%	0.04%	0.04%
ROK	D	0.09%	0.04%	0.04%
ROL	C	0.03%	0.02%	0.02%
ROP	D	0.13%	0.07%	0.07%
ROST	D	0.12%	0.06%	0.06%
RSG	D	0.08%	0.05%	0.05%
RTX	A	0.3%	0.18%	0.18%
SBAC	C	0.03%	0.03%	0.03%
SBUX	B	0.2%	0.13%	0.13%
SCHW	D	0.11%	0.11%	0.11%
SHW	C	0.16%	0.1%	0.1%
SJM	D	0.07%	0.01%	0.01%
SMCI	F	0.01%	0.02%	0.01%
SNA	C	0.03%	0.02%	0.02%
SNPS	F	0.09%	0.09%	0.09%
SO	A	0.17%	0.11%	0.11%
SOLV	C	0.03%	0.01%	0.01%
SPG	A	0.11%	0.06%	0.06%
SPGI	C	0.31%	0.19%	0.19%
SRE	C	0.11%	0.06%	0.06%
STLD	C	0.1%	0.02%	0.02%
STT	A	0.05%	0.03%	0.03%
STZ	D	0.06%	0.05%	0.05%
SWK	C	0.04%	0.02%	0.02%
SWKS	F	0.08%	0.02%	0.02%
SYF	A	0.04%	0.02%	0.02%
SYK	C	0.25%	0.14%	0.14%
SYY	D	0.05%	0.04%	0.04%
T	B	0.27%	0.18%	0.18%
TAP	D	0.07%	0.01%	0.01%
TDG	A	0.12%	0.09%	0.09%
TDY	A	0.07%	0.02%	0.02%
TER	C	0.08%	0.02%	0.02%
TFC	D	0.1%	0.07%	0.07%
TGT	C	0.07%	0.08%	0.07%
TJX	D	0.27%	0.15%	0.15%
TMO	D	0.45%	0.27%	0.27%
TMUS	A	0.41%	0.11%	0.11%
TRGP	A	0.07%	0.04%	0.04%
TROW	D	0.02%	0.03%	0.02%
TRV	B	0.09%	0.06%	0.06%
TSCO	A	0.04%	0.04%	0.04%
TSLA	C	1.46%	0.83%	0.83%
TSN	D	0.05%	0.02%	0.02%
TTWO	D	0.06%	0.03%	0.03%
TXN	C	0.37%	0.22%	0.22%
TXT	F	0.04%	0.02%	0.02%
TYL	D	0.05%	0.03%	0.03%
UAL	A	0.02%	0.02%	0.02%
UBER	C	0.25%	0.18%	0.18%
ULTA	D	0.01%	0.02%	0.01%
UNH	B	0.95%	0.61%	0.61%
UNP	F	0.28%	0.17%	0.17%
UPS	D	0.05%	0.11%	0.05%
URI	C	0.09%	0.06%	0.06%
USB	C	0.12%	0.08%	0.08%
V	B	1.01%	0.53%	0.53%
VICI	C	0.05%	0.04%	0.04%
VLO	F	0.06%	0.05%	0.05%
VLTO	A	0.06%	0.03%	0.03%
VMC	D	0.03%	0.04%	0.03%
VRSK	D	0.07%	0.04%	0.04%
VRSN	C	0.08%	0.02%	0.02%
VRTX	D	0.2%	0.14%	0.14%
VST	A	0.05%	0.04%	0.04%
VTR	C	0.04%	0.03%	0.03%
VZ	C	0.32%	0.22%	0.22%
WAB	A	0.05%	0.04%	0.04%
WAT	B	0.05%	0.02%	0.02%
WBA	F	0.0%	0.01%	0.0%
WBD	F	0.02%	0.02%	0.02%
WDC	C	0.03%	0.03%	0.03%
WEC	B	0.06%	0.03%	0.03%
WELL	C	0.12%	0.08%	0.08%
WFC	B	0.27%	0.22%	0.22%
WM	B	0.09%	0.09%	0.09%
WMB	A	0.09%	0.06%	0.06%
WMT	A	1.1%	0.4%	0.4%
WRB	C	0.03%	0.02%	0.02%
WST	D	0.01%	0.03%	0.01%
WY	C	0.03%	0.03%	0.03%
XEL	C	0.04%	0.04%	0.04%
XOM	A	0.84%	0.59%	0.59%
XYL	C	0.09%	0.04%	0.04%
YUM	C	0.1%	0.05%	0.05%
ZBH	F	0.02%	0.03%	0.02%
ZBRA	B	0.06%	0.02%	0.02%
ZTS	C	0.18%	0.1%	0.1%

GDE Overweight 70 Positions Relative to PHDG

Symbol	Grade	Weight
APO	A	0.18%
SCCO	B	0.18%
EPD	A	0.16%
OVV	D	0.13%
ET	A	0.13%
WDAY	D	0.13%
TTD	A	0.12%
TEAM	D	0.11%
MPLX	B	0.1%
DASH	A	0.1%
ZS	F	0.09%
MRVL	C	0.09%
COIN	F	0.08%
CPNG	C	0.08%
WLK	C	0.07%
ZM	B	0.07%
APP	A	0.07%
WMG	D	0.06%
BSY	D	0.06%
ALNY	C	0.06%
RBLX	D	0.06%
ILMN	B	0.06%
H	B	0.06%
TWLO	B	0.06%
VEEV	C	0.05%
ACI	F	0.05%
WPC	C	0.05%
DDOG	B	0.05%
LBRDK	C	0.05%
DT	B	0.05%
CG	B	0.05%
MKL	B	0.04%
ROKU	C	0.04%
CRBG	B	0.04%
ARES	A	0.04%
BAH	C	0.04%
SUI	D	0.04%
CSL	A	0.04%
IOT	C	0.04%
TPL	A	0.04%
SSNC	C	0.04%
VRT	B	0.04%
SNAP	D	0.04%
FCNCA	D	0.04%
AVTR	D	0.04%
PINS	D	0.03%
FNF	C	0.03%
HEI	C	0.03%
AGR	C	0.03%
LII	C	0.03%
NET	D	0.03%
SQ	D	0.03%
WSM	C	0.03%
GLPI	C	0.03%
RIVN	F	0.03%
MANH	A	0.03%
BMRN	F	0.02%
MORN	B	0.02%
LPLA	D	0.02%
MDB	D	0.02%
ENTG	D	0.02%
WSO	C	0.02%
TW	A	0.02%
OC	C	0.02%
DKNG	C	0.02%
GGG	C	0.02%
SNOW	F	0.02%
HUBS	D	0.02%
RPM	A	0.01%
RS	D	0.01%

GDE Underweight 86 Positions Relative to PHDG

Symbol	Grade	Weight
GOOG	B	-0.91%
LIN	C	-0.26%
ACN	B	-0.25%
ETN	B	-0.15%
MDT	C	-0.13%
CB	A	-0.12%
TT	A	-0.1%
AON	A	-0.09%
SLB	D	-0.07%
NXPI	F	-0.07%
JCI	C	-0.06%
RCL	B	-0.05%
ACGL	A	-0.05%
TEL	D	-0.05%
LULU	D	-0.04%
COR	F	-0.04%
STE	D	-0.03%
SW	C	-0.03%
LYB	B	-0.03%
GRMN	D	-0.03%
WTW	C	-0.03%
CPT	C	-0.02%
EMN	C	-0.02%
UDR	C	-0.02%
UHS	D	-0.02%
VTRS	D	-0.02%
BG	F	-0.02%
EVRG	C	-0.02%
AES	C	-0.02%
TRMB	B	-0.02%
GEN	A	-0.02%
NI	A	-0.02%
RVTY	C	-0.02%
LNT	B	-0.02%
DOC	C	-0.02%
PNR	C	-0.02%
AMCR	C	-0.02%
EG	A	-0.02%
CCL	C	-0.02%
NRG	A	-0.02%
APTV	D	-0.02%
STX	C	-0.02%
CBOE	B	-0.02%
FOX	B	-0.01%
PARA	F	-0.01%
BBWI	F	-0.01%
RL	B	-0.01%
IVZ	A	-0.01%
PAYC	D	-0.01%
FMC	C	-0.01%
BWA	C	-0.01%
MHK	C	-0.01%
DVA	C	-0.01%
FRT	D	-0.01%
GL	C	-0.01%
APA	F	-0.01%
NCLH	C	-0.01%
CZR	B	-0.01%
WYNN	B	-0.01%
HSIC	D	-0.01%
GNRC	B	-0.01%
HAS	A	-0.01%
DAY	C	-0.01%
MKTX	B	-0.01%
CPB	D	-0.01%
FOXA	B	-0.01%
QRVO	F	-0.01%
PNW	C	-0.01%
MTCH	B	-0.01%
CRL	F	-0.01%
HII	F	-0.01%
AIZ	B	-0.01%
CTLT	A	-0.01%
AOS	C	-0.01%
TPR	B	-0.01%
BXP	B	-0.01%
TFX	C	-0.01%
REG	C	-0.01%
KMX	F	-0.01%
TECH	D	-0.01%
ALLE	A	-0.01%
JNPR	C	-0.01%
CHRW	C	-0.01%
FFIV	B	-0.01%
JKHY	A	-0.01%
NWS	D	-0.0%