IUSV vs. PHDG ETF Comparison

Comparison of iShares Core U.S. Vaue ETF (IUSV) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. 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 Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$98.97

Average Daily Volume

517,714

Number of Holdings ^*

728

* 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

$38.30

Average Daily Volume

12,482

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	IUSV	PHDG
30 Days	3.05%	0.66%
60 Days	4.28%	1.51%
90 Days	6.30%	1.58%
12 Months	27.24%	18.52%

433 Overlapping Holdings

Symbol	Grade	Weight in IUSV	Weight in PHDG	Overlap
A	D	0.17%	0.04%	0.04%
ABBV	D	0.83%	0.32%	0.32%
ABNB	C	0.13%	0.06%	0.06%
ABT	B	0.87%	0.22%	0.22%
ACN	C	0.46%	0.24%	0.24%
ADI	D	0.19%	0.11%	0.11%
ADM	D	0.11%	0.03%	0.03%
ADP	B	0.33%	0.13%	0.13%
ADSK	A	0.14%	0.07%	0.07%
AEE	A	0.1%	0.03%	0.03%
AEP	D	0.22%	0.05%	0.05%
AES	F	0.04%	0.01%	0.01%
AFL	B	0.24%	0.06%	0.06%
AIG	B	0.21%	0.05%	0.05%
AIZ	A	0.05%	0.01%	0.01%
AJG	B	0.14%	0.07%	0.07%
AKAM	D	0.03%	0.01%	0.01%
ALB	C	0.05%	0.01%	0.01%
ALGN	D	0.03%	0.02%	0.02%
ALL	A	0.23%	0.06%	0.06%
ALLE	D	0.03%	0.01%	0.01%
AMCR	D	0.06%	0.02%	0.02%
AME	A	0.1%	0.05%	0.05%
AMGN	D	0.7%	0.17%	0.17%
AMP	A	0.11%	0.06%	0.06%
AMT	D	0.23%	0.1%	0.1%
ANSS	B	0.06%	0.03%	0.03%
AON	A	0.17%	0.09%	0.09%
AOS	F	0.01%	0.01%	0.01%
APD	A	0.31%	0.08%	0.08%
APH	A	0.17%	0.09%	0.09%
APTV	D	0.06%	0.02%	0.02%
ARE	D	0.07%	0.02%	0.02%
ATO	A	0.1%	0.02%	0.02%
AVB	B	0.14%	0.03%	0.03%
AVY	D	0.07%	0.02%	0.02%
AWK	D	0.11%	0.03%	0.03%
AXP	A	0.21%	0.17%	0.17%
AZO	C	0.07%	0.06%	0.06%
BA	F	0.25%	0.11%	0.11%
BAC	A	1.35%	0.33%	0.33%
BALL	D	0.08%	0.02%	0.02%
BAX	D	0.07%	0.02%	0.02%
BBY	D	0.08%	0.02%	0.02%
BDX	F	0.29%	0.07%	0.07%
BEN	C	0.03%	0.01%	0.01%
BG	F	0.05%	0.01%	0.01%
BIIB	F	0.11%	0.03%	0.03%
BK	A	0.25%	0.06%	0.06%
BKR	B	0.19%	0.05%	0.05%
BLK	C	0.64%	0.16%	0.16%
BMY	B	0.52%	0.13%	0.13%
BR	A	0.05%	0.03%	0.03%
BRK.A	B	3.74%	0.92%	0.92%
BRO	B	0.03%	0.03%	0.03%
BSX	B	0.25%	0.14%	0.14%
BWA	D	0.03%	0.01%	0.01%
BX	A	0.16%	0.14%	0.14%
BXP	D	0.05%	0.01%	0.01%
C	A	0.57%	0.14%	0.14%
CAG	D	0.06%	0.01%	0.01%
CAH	B	0.13%	0.03%	0.03%
CARR	D	0.14%	0.07%	0.07%
CAT	B	0.34%	0.2%	0.2%
CB	C	0.47%	0.12%	0.12%
CBOE	B	0.03%	0.02%	0.02%
CBRE	B	0.17%	0.04%	0.04%
CCI	D	0.2%	0.05%	0.05%
CCL	B	0.03%	0.03%	0.03%
CDW	F	0.06%	0.03%	0.03%
CEG	D	0.17%	0.08%	0.08%
CF	B	0.03%	0.02%	0.02%
CFG	B	0.09%	0.02%	0.02%
CHD	B	0.06%	0.03%	0.03%
CHRW	C	0.06%	0.01%	0.01%
CHTR	C	0.09%	0.04%	0.04%
CI	F	0.4%	0.1%	0.1%
CINF	A	0.1%	0.03%	0.03%
CL	D	0.2%	0.08%	0.08%
CLX	B	0.09%	0.02%	0.02%
CMCSA	B	0.73%	0.18%	0.18%
CME	A	0.22%	0.09%	0.09%
CMI	A	0.22%	0.05%	0.05%
CMS	C	0.09%	0.02%	0.02%
CNC	D	0.13%	0.03%	0.03%
CNP	B	0.09%	0.02%	0.02%
COF	B	0.31%	0.08%	0.08%
COP	C	0.18%	0.14%	0.14%
COR	B	0.19%	0.05%	0.05%
COST	B	1.04%	0.44%	0.44%
CPB	D	0.04%	0.01%	0.01%
CPT	B	0.06%	0.01%	0.01%
CRL	C	0.04%	0.01%	0.01%
CSCO	B	1.02%	0.25%	0.25%
CSGP	D	0.08%	0.03%	0.03%
CSX	B	0.15%	0.07%	0.07%
CTAS	B	0.15%	0.08%	0.08%
CTLT	B	0.05%	0.01%	0.01%
CTRA	B	0.03%	0.02%	0.02%
CTSH	B	0.17%	0.04%	0.04%
CTVA	C	0.17%	0.04%	0.04%
CVS	D	0.3%	0.07%	0.07%
CVX	A	1.2%	0.3%	0.3%
CZR	F	0.02%	0.01%	0.01%
D	C	0.21%	0.05%	0.05%
DAL	C	0.08%	0.04%	0.04%
DAY	B	0.02%	0.01%	0.01%
DD	D	0.15%	0.04%	0.04%
DE	A	0.19%	0.11%	0.11%
DELL	C	0.08%	0.04%	0.04%
DFS	B	0.09%	0.05%	0.05%
DG	F	0.07%	0.02%	0.02%
DGX	A	0.08%	0.02%	0.02%
DHR	F	0.67%	0.17%	0.17%
DIS	B	0.87%	0.21%	0.21%
DLR	B	0.14%	0.06%	0.06%
DLTR	F	0.06%	0.01%	0.01%
DOC	D	0.07%	0.02%	0.02%
DOV	A	0.12%	0.03%	0.03%
DOW	F	0.14%	0.03%	0.03%
DPZ	C	0.04%	0.02%	0.02%
DRI	B	0.04%	0.02%	0.02%
DTE	C	0.11%	0.03%	0.03%
DUK	C	0.37%	0.09%	0.09%
DVA	B	0.01%	0.01%	0.01%
DVN	F	0.11%	0.03%	0.03%
DXCM	D	0.05%	0.03%	0.03%
EA	A	0.1%	0.04%	0.04%
EBAY	D	0.13%	0.03%	0.03%
ECL	D	0.13%	0.07%	0.07%
ED	D	0.14%	0.04%	0.04%
EFX	F	0.09%	0.03%	0.03%
EG	C	0.07%	0.02%	0.02%
EIX	B	0.14%	0.03%	0.03%
EL	F	0.07%	0.02%	0.02%
ELV	F	0.41%	0.1%	0.1%
EMN	D	0.05%	0.01%	0.01%
EMR	A	0.32%	0.08%	0.08%
ENPH	F	0.02%	0.01%	0.01%
EOG	A	0.11%	0.08%	0.08%
EPAM	C	0.04%	0.02%	0.02%
EQIX	A	0.2%	0.09%	0.09%
EQR	B	0.11%	0.03%	0.03%
EQT	B	0.11%	0.03%	0.03%
ERIE	D	0.02%	0.01%	0.01%
ES	D	0.1%	0.02%	0.02%
ESS	B	0.08%	0.02%	0.02%
ETN	A	0.24%	0.16%	0.16%
ETR	B	0.14%	0.03%	0.03%
EVRG	A	0.06%	0.02%	0.02%
EW	C	0.11%	0.04%	0.04%
EXC	C	0.17%	0.04%	0.04%
EXPD	D	0.05%	0.02%	0.02%
EXR	D	0.15%	0.04%	0.04%
F	C	0.19%	0.05%	0.05%
FAST	B	0.1%	0.05%	0.05%
FCX	D	0.14%	0.07%	0.07%
FDS	B	0.04%	0.02%	0.02%
FDX	B	0.29%	0.07%	0.07%
FE	C	0.09%	0.02%	0.02%
FFIV	B	0.06%	0.02%	0.02%
FI	A	0.26%	0.13%	0.13%
FIS	C	0.21%	0.05%	0.05%
FITB	A	0.14%	0.03%	0.03%
FMC	D	0.03%	0.01%	0.01%
FOX	A	0.03%	0.01%	0.01%
FOXA	B	0.05%	0.01%	0.01%
FRT	B	0.04%	0.01%	0.01%
FSLR	F	0.09%	0.02%	0.02%
GD	F	0.33%	0.08%	0.08%
GE	D	0.48%	0.21%	0.21%
GEHC	F	0.17%	0.04%	0.04%
GEN	B	0.07%	0.02%	0.02%
GEV	B	0.22%	0.1%	0.1%
GILD	C	0.5%	0.12%	0.12%
GIS	D	0.16%	0.04%	0.04%
GL	B	0.04%	0.01%	0.01%
GLW	B	0.16%	0.04%	0.04%
GM	B	0.28%	0.07%	0.07%
GNRC	B	0.02%	0.01%	0.01%
GPC	D	0.08%	0.02%	0.02%
GPN	B	0.13%	0.03%	0.03%
GRMN	B	0.07%	0.03%	0.03%
GS	A	0.81%	0.2%	0.2%
GWW	B	0.06%	0.06%	0.06%
HAL	C	0.12%	0.03%	0.03%
HAS	D	0.04%	0.01%	0.01%
HBAN	A	0.11%	0.03%	0.03%
HCA	F	0.15%	0.07%	0.07%
HD	A	1.11%	0.43%	0.43%
HIG	B	0.15%	0.04%	0.04%
HII	D	0.03%	0.01%	0.01%
HOLX	D	0.08%	0.02%	0.02%
HON	B	0.66%	0.16%	0.16%
HPE	B	0.12%	0.03%	0.03%
HPQ	B	0.16%	0.04%	0.04%
HRL	D	0.04%	0.01%	0.01%
HSIC	B	0.04%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.07%	0.03%	0.03%
HUBB	B	0.06%	0.03%	0.03%
HUM	C	0.15%	0.04%	0.04%
HWM	A	0.09%	0.05%	0.05%
IBM	C	0.84%	0.21%	0.21%
ICE	C	0.39%	0.1%	0.1%
IDXX	F	0.07%	0.04%	0.04%
IEX	B	0.08%	0.02%	0.02%
IFF	D	0.1%	0.02%	0.02%
INCY	C	0.05%	0.01%	0.01%
INTC	D	0.47%	0.12%	0.12%
INVH	D	0.08%	0.02%	0.02%
IP	B	0.09%	0.02%	0.02%
IPG	D	0.05%	0.01%	0.01%
IQV	D	0.09%	0.04%	0.04%
IR	B	0.04%	0.04%	0.04%
IRM	D	0.07%	0.04%	0.04%
ISRG	A	0.28%	0.21%	0.21%
ITW	B	0.17%	0.08%	0.08%
IVZ	B	0.03%	0.01%	0.01%
J	F	0.08%	0.02%	0.02%
JBHT	C	0.06%	0.02%	0.02%
JBL	B	0.03%	0.02%	0.02%
JCI	C	0.25%	0.06%	0.06%
JKHY	D	0.06%	0.01%	0.01%
JNJ	D	1.6%	0.39%	0.39%
JNPR	F	0.06%	0.01%	0.01%
JPM	A	3.01%	0.74%	0.74%
K	A	0.09%	0.02%	0.02%
KDP	D	0.16%	0.04%	0.04%
KEY	B	0.08%	0.02%	0.02%
KEYS	A	0.12%	0.03%	0.03%
KHC	F	0.12%	0.03%	0.03%
KIM	A	0.07%	0.02%	0.02%
KMB	D	0.19%	0.05%	0.05%
KMI	A	0.23%	0.06%	0.06%
KMX	B	0.05%	0.01%	0.01%
KO	D	0.65%	0.26%	0.26%
KR	B	0.17%	0.04%	0.04%
KVUE	A	0.2%	0.05%	0.05%
L	A	0.07%	0.02%	0.02%
LDOS	C	0.1%	0.02%	0.02%
LEN	D	0.08%	0.04%	0.04%
LH	C	0.09%	0.02%	0.02%
LHX	C	0.21%	0.05%	0.05%
LIN	D	0.46%	0.23%	0.23%
LKQ	D	0.04%	0.01%	0.01%
LMT	D	0.5%	0.12%	0.12%
LNT	A	0.07%	0.02%	0.02%
LOW	D	0.67%	0.17%	0.17%
LUV	C	0.08%	0.02%	0.02%
LVS	C	0.03%	0.02%	0.02%
LW	C	0.02%	0.01%	0.01%
LYB	F	0.09%	0.02%	0.02%
MA	C	0.53%	0.46%	0.46%
MAA	B	0.08%	0.02%	0.02%
MAS	D	0.03%	0.02%	0.02%
MCD	D	0.52%	0.23%	0.23%
MCHP	D	0.06%	0.04%	0.04%
MCK	B	0.35%	0.09%	0.09%
MCO	B	0.17%	0.08%	0.08%
MDLZ	F	0.22%	0.09%	0.09%
MDT	D	0.48%	0.12%	0.12%
MET	A	0.21%	0.05%	0.05%
MGM	D	0.01%	0.01%	0.01%
MHK	D	0.03%	0.01%	0.01%
MKC	D	0.08%	0.02%	0.02%
MKTX	D	0.04%	0.01%	0.01%
MLM	B	0.05%	0.04%	0.04%
MMC	B	0.23%	0.12%	0.12%
MMM	D	0.32%	0.08%	0.08%
MNST	C	0.07%	0.04%	0.04%
MO	A	0.41%	0.1%	0.1%
MOH	F	0.03%	0.02%	0.02%
MOS	F	0.04%	0.01%	0.01%
MPC	D	0.1%	0.06%	0.06%
MRK	F	0.65%	0.27%	0.27%
MRNA	F	0.06%	0.01%	0.01%
MRO	B	0.03%	0.02%	0.02%
MS	A	0.72%	0.18%	0.18%
MSCI	C	0.09%	0.05%	0.05%
MSI	B	0.15%	0.09%	0.09%
MTB	A	0.16%	0.04%	0.04%
MTCH	D	0.04%	0.01%	0.01%
MTD	D	0.07%	0.03%	0.03%
MU	D	0.48%	0.12%	0.12%
NDAQ	A	0.14%	0.03%	0.03%
NDSN	B	0.06%	0.02%	0.02%
NEE	D	0.68%	0.17%	0.17%
NEM	D	0.2%	0.05%	0.05%
NI	A	0.07%	0.02%	0.02%
NKE	D	0.23%	0.1%	0.1%
NOC	D	0.3%	0.07%	0.07%
NRG	B	0.08%	0.02%	0.02%
NSC	B	0.26%	0.06%	0.06%
NTAP	C	0.07%	0.03%	0.03%
NTRS	A	0.09%	0.02%	0.02%
NUE	C	0.06%	0.04%	0.04%
NWS	B	0.02%	0.0%	0.0%
NWSA	B	0.05%	0.01%	0.01%
NXPI	D	0.06%	0.06%	0.06%
O	D	0.21%	0.05%	0.05%
OKE	A	0.1%	0.07%	0.07%
OMC	C	0.09%	0.02%	0.02%
ON	D	0.07%	0.03%	0.03%
ORLY	B	0.08%	0.08%	0.08%
OTIS	C	0.11%	0.04%	0.04%
OXY	D	0.15%	0.04%	0.04%
PARA	C	0.03%	0.01%	0.01%
PAYC	B	0.03%	0.01%	0.01%
PAYX	C	0.12%	0.05%	0.05%
PCAR	B	0.07%	0.07%	0.07%
PCG	A	0.2%	0.05%	0.05%
PEG	A	0.19%	0.05%	0.05%
PEP	F	0.63%	0.24%	0.24%
PFE	D	0.64%	0.16%	0.16%
PFG	D	0.08%	0.02%	0.02%
PG	A	1.05%	0.42%	0.42%
PGR	A	0.33%	0.16%	0.16%
PH	A	0.09%	0.1%	0.09%
PKG	A	0.09%	0.02%	0.02%
PLD	D	0.46%	0.11%	0.11%
PM	B	0.55%	0.21%	0.21%
PNC	B	0.36%	0.09%	0.09%
PNR	A	0.02%	0.02%	0.02%
PNW	B	0.04%	0.01%	0.01%
PODD	C	0.05%	0.02%	0.02%
POOL	C	0.03%	0.01%	0.01%
PPG	F	0.13%	0.03%	0.03%
PPL	B	0.11%	0.03%	0.03%
PRU	A	0.2%	0.05%	0.05%
PSA	D	0.13%	0.06%	0.06%
PSX	C	0.24%	0.06%	0.06%
PTC	A	0.04%	0.02%	0.02%
PWR	A	0.06%	0.05%	0.05%
PYPL	B	0.38%	0.09%	0.09%
QCOM	F	0.38%	0.2%	0.2%
QRVO	F	0.03%	0.01%	0.01%
REG	B	0.05%	0.01%	0.01%
REGN	F	0.15%	0.09%	0.09%
RF	A	0.11%	0.03%	0.03%
RJF	A	0.13%	0.03%	0.03%
RL	B	0.02%	0.01%	0.01%
RMD	C	0.15%	0.04%	0.04%
ROK	B	0.07%	0.04%	0.04%
ROL	B	0.03%	0.02%	0.02%
ROP	B	0.15%	0.07%	0.07%
RSG	A	0.08%	0.05%	0.05%
RTX	C	0.69%	0.17%	0.17%
RVTY	F	0.06%	0.02%	0.02%
SBAC	D	0.06%	0.03%	0.03%
SBUX	A	0.2%	0.12%	0.12%
SCHW	B	0.52%	0.13%	0.13%
SHW	A	0.2%	0.1%	0.1%
SJM	D	0.05%	0.01%	0.01%
SLB	C	0.27%	0.07%	0.07%
SNA	A	0.05%	0.02%	0.02%
SO	D	0.41%	0.1%	0.1%
SOLV	C	0.04%	0.01%	0.01%
SPG	B	0.15%	0.06%	0.06%
SPGI	C	0.4%	0.18%	0.18%
SRE	A	0.25%	0.06%	0.06%
STE	F	0.04%	0.02%	0.02%
STLD	B	0.03%	0.02%	0.02%
STT	A	0.12%	0.03%	0.03%
STX	D	0.05%	0.02%	0.02%
STZ	D	0.17%	0.04%	0.04%
SW	A	0.11%	0.03%	0.03%
SWK	D	0.06%	0.01%	0.01%
SWKS	F	0.06%	0.01%	0.01%
SYF	B	0.11%	0.03%	0.03%
SYK	C	0.21%	0.14%	0.14%
SYY	B	0.16%	0.04%	0.04%
T	A	0.7%	0.17%	0.17%
TAP	C	0.05%	0.01%	0.01%
TDY	B	0.1%	0.02%	0.02%
TECH	D	0.05%	0.01%	0.01%
TER	D	0.08%	0.02%	0.02%
TFC	A	0.27%	0.07%	0.07%
TFX	F	0.04%	0.01%	0.01%
TGT	F	0.31%	0.08%	0.08%
TJX	A	0.21%	0.15%	0.15%
TMO	F	0.55%	0.22%	0.22%
TMUS	B	0.51%	0.13%	0.13%
TPR	B	0.06%	0.01%	0.01%
TRMB	B	0.08%	0.02%	0.02%
TROW	B	0.12%	0.03%	0.03%
TRV	B	0.26%	0.06%	0.06%
TSCO	D	0.08%	0.03%	0.03%
TSN	B	0.08%	0.02%	0.02%
TT	A	0.13%	0.1%	0.1%
TTWO	A	0.06%	0.03%	0.03%
TXN	C	0.52%	0.2%	0.2%
TXT	D	0.07%	0.02%	0.02%
UAL	A	0.13%	0.03%	0.03%
UDR	B	0.06%	0.01%	0.01%
UHS	D	0.05%	0.01%	0.01%
ULTA	F	0.03%	0.02%	0.02%
UNH	C	1.48%	0.59%	0.59%
UNP	C	0.34%	0.15%	0.15%
UPS	C	0.42%	0.1%	0.1%
USB	A	0.34%	0.08%	0.08%
V	A	0.77%	0.56%	0.56%
VICI	C	0.14%	0.04%	0.04%
VLO	C	0.2%	0.05%	0.05%
VLTO	D	0.11%	0.03%	0.03%
VMC	B	0.06%	0.04%	0.04%
VRSK	A	0.08%	0.04%	0.04%
VRSN	F	0.04%	0.02%	0.02%
VRTX	F	0.2%	0.13%	0.13%
VTR	C	0.11%	0.03%	0.03%
VTRS	A	0.07%	0.02%	0.02%
VZ	C	0.75%	0.19%	0.19%
WAB	B	0.15%	0.04%	0.04%
WAT	B	0.06%	0.02%	0.02%
WBA	F	0.03%	0.01%	0.01%
WBD	C	0.1%	0.02%	0.02%
WDC	D	0.09%	0.02%	0.02%
WEC	A	0.13%	0.03%	0.03%
WELL	A	0.34%	0.08%	0.08%
WFC	A	1.08%	0.27%	0.27%
WM	A	0.19%	0.09%	0.09%
WMB	A	0.18%	0.07%	0.07%
WMT	A	1.6%	0.4%	0.4%
WRB	A	0.08%	0.02%	0.02%
WTW	B	0.14%	0.03%	0.03%
WY	D	0.1%	0.02%	0.02%
XEL	A	0.17%	0.04%	0.04%
XOM	B	2.34%	0.58%	0.58%
XYL	D	0.13%	0.03%	0.03%
YUM	B	0.09%	0.04%	0.04%
ZBH	C	0.1%	0.02%	0.02%
ZBRA	B	0.09%	0.02%	0.02%
ZTS	D	0.16%	0.09%	0.09%

IUSV Overweight 295 Positions Relative to PHDG

Symbol	Grade	Weight
TEL	B	0.12%
ILMN	D	0.1%
EXE	B	0.09%
RGA	A	0.07%
FNF	B	0.07%
COHR	B	0.07%
THC	D	0.07%
USFD	A	0.07%
DOCU	A	0.07%
PFGC	B	0.06%
AFG	A	0.05%
GME	C	0.05%
AA	B	0.05%
FHN	A	0.05%
BJ	A	0.05%
RRX	B	0.05%
COO	D	0.05%
SF	B	0.05%
JEF	A	0.05%
WPC	D	0.05%
JLL	D	0.05%
SNV	B	0.04%
X	C	0.04%
SSB	B	0.04%
AVTR	F	0.04%
SFM	A	0.04%
OGE	B	0.04%
MTZ	B	0.04%
GPK	C	0.04%
TPL	A	0.04%
ZION	B	0.04%
WTFC	A	0.04%
FLR	B	0.04%
SNX	C	0.04%
AR	B	0.04%
ORI	A	0.04%
XPO	B	0.04%
KNX	B	0.04%
GMED	A	0.04%
WCC	B	0.04%
CNH	C	0.04%
AAL	B	0.04%
UTHR	C	0.04%
NLY	C	0.04%
ALLY	C	0.04%
LAD	A	0.04%
WBS	A	0.04%
UNM	A	0.04%
ARMK	B	0.04%
THO	B	0.03%
JHG	A	0.03%
KRG	B	0.03%
FNB	A	0.03%
THG	A	0.03%
PVH	C	0.03%
LITE	B	0.03%
RNR	C	0.03%
CIEN	B	0.03%
SCI	B	0.03%
ESNT	D	0.03%
OHI	C	0.03%
ARW	D	0.03%
INGR	B	0.03%
STWD	C	0.03%
WHR	B	0.03%
HR	C	0.03%
GBCI	B	0.03%
DAR	C	0.03%
NOV	C	0.03%
COLB	A	0.03%
KD	B	0.03%
EWBC	A	0.03%
BIO	D	0.03%
FAF	A	0.03%
CACI	D	0.03%
BURL	A	0.03%
CMC	B	0.03%
DINO	D	0.03%
VNO	B	0.03%
VMI	B	0.03%
ONB	B	0.03%
OSK	B	0.03%
TMHC	B	0.03%
R	B	0.03%
G	B	0.03%
BERY	B	0.03%
ADC	B	0.03%
GLPI	C	0.03%
FYBR	D	0.03%
ACM	A	0.03%
IBKR	A	0.03%
PB	A	0.03%
RPM	A	0.03%
CYTK	F	0.02%
CNM	D	0.02%
PII	D	0.02%
GATX	A	0.02%
DTM	B	0.02%
FR	C	0.02%
XRAY	F	0.02%
PRGO	B	0.02%
MIDD	C	0.02%
ALE	A	0.02%
MAT	D	0.02%
ASH	D	0.02%
IDA	A	0.02%
CGNX	C	0.02%
HOG	D	0.02%
MKSI	C	0.02%
SR	A	0.02%
DCI	B	0.02%
MTG	C	0.02%
HQY	B	0.02%
ASB	B	0.02%
SEIC	B	0.02%
ASGN	F	0.02%
KRC	C	0.02%
TXNM	A	0.02%
CNO	A	0.02%
TCBI	B	0.02%
FLS	B	0.02%
ORA	B	0.02%
SAIC	F	0.02%
OGS	A	0.02%
SLGN	A	0.02%
KBR	F	0.02%
KMPR	B	0.02%
TTC	D	0.02%
AN	C	0.02%
FLO	D	0.02%
RGLD	C	0.02%
SBRA	C	0.02%
KEX	C	0.02%
M	D	0.02%
BKH	A	0.02%
BRBR	A	0.02%
TKO	B	0.02%
JAZZ	B	0.02%
SWX	B	0.02%
AVNT	B	0.02%
CUZ	B	0.02%
IRT	A	0.02%
LAMR	D	0.02%
ATR	B	0.02%
AVT	C	0.02%
VLY	B	0.02%
AMH	D	0.02%
ELS	C	0.02%
CUBE	D	0.02%
POR	C	0.02%
NJR	A	0.02%
BRX	A	0.02%
CW	B	0.02%
NNN	D	0.02%
SON	D	0.02%
ST	F	0.02%
WAL	B	0.02%
AYI	B	0.02%
GAP	C	0.02%
WTRG	B	0.02%
BDC	B	0.02%
CBSH	A	0.02%
VOYA	B	0.02%
UGI	A	0.02%
NXST	C	0.02%
POST	C	0.02%
CFR	B	0.02%
UMBF	B	0.02%
DKS	C	0.02%
BMRN	D	0.02%
UBSI	B	0.02%
NFG	A	0.02%
CLF	F	0.02%
LEA	D	0.02%
EHC	B	0.02%
PNFP	B	0.02%
AMG	B	0.02%
CG	A	0.02%
REXR	F	0.02%
FBIN	D	0.02%
HOMB	A	0.02%
AGCO	D	0.02%
CCK	C	0.02%
UA	C	0.01%
HGV	B	0.01%
TNL	A	0.01%
IPGP	D	0.01%
YETI	C	0.01%
CPRI	F	0.01%
EPR	D	0.01%
MMS	F	0.01%
PSN	D	0.01%
NSP	D	0.01%
BLKB	B	0.01%
VC	D	0.01%
WEN	D	0.01%
NSA	D	0.01%
COLM	B	0.01%
KNF	A	0.01%
TEX	D	0.01%
SAM	C	0.01%
GEF	A	0.01%
AMED	F	0.01%
SYNA	C	0.01%
POWI	D	0.01%
OPCH	D	0.01%
LIVN	F	0.01%
CHH	A	0.01%
MSM	C	0.01%
HAE	C	0.01%
VSH	D	0.01%
IRDM	D	0.01%
UAA	C	0.01%
DLB	B	0.01%
CNXC	F	0.01%
VNOM	A	0.01%
CADE	B	0.01%
LFUS	F	0.01%
LANC	C	0.01%
ROIV	C	0.01%
CRI	D	0.01%
CHX	C	0.01%
CBT	C	0.01%
PPC	C	0.01%
ALGM	D	0.01%
SRPT	D	0.01%
EEFT	B	0.01%
CDP	C	0.01%
ALTM	C	0.01%
SMG	D	0.01%
EQH	B	0.01%
LSTR	D	0.01%
ZI	D	0.01%
AM	A	0.01%
BC	C	0.01%
JWN	C	0.01%
IBOC	A	0.01%
ENS	D	0.01%
RCM	F	0.01%
MTN	C	0.01%
CRUS	D	0.01%
EXPO	D	0.01%
BRKR	D	0.01%
HWC	B	0.01%
RYN	D	0.01%
NOVT	D	0.01%
LPX	B	0.01%
GNTX	C	0.01%
HXL	D	0.01%
ENOV	C	0.01%
RLI	B	0.01%
OZK	B	0.01%
GXO	B	0.01%
CHWY	B	0.01%
GT	C	0.01%
WU	D	0.01%
WH	B	0.01%
MASI	A	0.01%
MUR	D	0.01%
SIGI	C	0.01%
RH	B	0.01%
MTSI	B	0.01%
CXT	B	0.01%
KBH	D	0.01%
CC	C	0.01%
NEOG	F	0.01%
ALV	C	0.01%
TKR	D	0.01%
AMKR	D	0.01%
OLN	D	0.01%
PCH	D	0.01%
VAC	B	0.01%
MAN	D	0.01%
PBF	D	0.01%
CVLT	B	0.01%
SLM	A	0.01%
PAG	B	0.01%
FFIN	B	0.01%
EVR	B	0.01%
GHC	C	0.01%
EXLS	B	0.01%
AZPN	A	0.01%
EGP	F	0.01%
DOCS	C	0.01%
FLG	C	0.01%
STAG	F	0.01%
BHF	B	0.01%
AMTM	D	0.01%
CHE	D	0.01%
NWE	B	0.01%
NVST	B	0.01%
FHI	A	0.01%
MAGN	F	0.0%
AZTA	D	0.0%
WMG	C	0.0%

IUSV Underweight 66 Positions Relative to PHDG

Symbol	Grade	Weight
NVDA	C	-3.89%
AAPL	C	-3.74%
MSFT	F	-3.42%
AMZN	C	-2.13%
META	D	-1.36%
GOOGL	C	-1.11%
TSLA	B	-0.93%
GOOG	C	-0.92%
AVGO	D	-0.86%
LLY	F	-0.67%
NFLX	A	-0.39%
CRM	B	-0.35%
ORCL	B	-0.32%
ADBE	C	-0.25%
AMD	F	-0.24%
NOW	A	-0.23%
INTU	C	-0.21%
BKNG	A	-0.18%
AMAT	F	-0.17%
UBER	D	-0.16%
PANW	C	-0.14%
PLTR	B	-0.13%
LRCX	F	-0.11%
ANET	C	-0.11%
KKR	A	-0.11%
CRWD	B	-0.09%
CMG	B	-0.09%
CDNS	B	-0.09%
SNPS	B	-0.09%
KLAC	D	-0.09%
TDG	D	-0.08%
HLT	A	-0.07%
MAR	B	-0.07%
RCL	A	-0.06%
URI	B	-0.06%
FICO	B	-0.06%
FTNT	C	-0.06%
TRGP	B	-0.05%
ODFL	B	-0.05%
AXON	A	-0.05%
ROST	C	-0.05%
VST	B	-0.05%
DHI	D	-0.05%
CPRT	A	-0.05%
FANG	D	-0.04%
ACGL	D	-0.04%
LULU	C	-0.04%
HES	B	-0.04%
IT	C	-0.04%
WST	C	-0.03%
CPAY	A	-0.03%
GDDY	A	-0.03%
TYL	B	-0.03%
FTV	C	-0.03%
PHM	D	-0.03%
DECK	A	-0.03%
MPWR	F	-0.03%
NVR	D	-0.03%
LYV	A	-0.02%
BLDR	D	-0.02%
EXPE	B	-0.02%
CE	F	-0.01%
APA	D	-0.01%
WYNN	D	-0.01%
SMCI	F	-0.01%
NCLH	B	-0.01%